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)
Omar Aguilar
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, 2023
Item 1: Report(s) to Stockholders.
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 |
No Action Required – Notice Regarding Shareholder Report Delivery |
Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
• If you already receive the full shareholder reports, you will receive the streamlined shareholder reports in the same way that you currently receive the full shareholder reports (either in paper or electronically). |
• If you currently receive a notification when a shareholder report is available on a fund’s website, beginning July 24, 2024, you will begin to receive the streamlined shareholder report (in paper). |
2 | |
3 | |
5 | |
6 | |
8 | |
10 | |
12 | |
14 | |
16 | |
18 | |
20 | |
21 | |
27 | |
33 | |
39 | |
45 | |
125 | |
156 | |
185 | |
198 | |
199 | |
200 | |
201 | |
202 | |
205 |
Total Returns for the 12 Months Ended December 31, 2023 | |
Schwab U.S. TIPS ETF (Ticker Symbol: SCHP) | |
Market Price Return1 | 3.91% |
NAV Return1 | 3.87% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | 3.90% |
ETF Category: Morningstar Inflation-Protected Bond2 | 2.82% |
Performance Details | pages 6-7 |
Schwab Short-Term U.S. Treasury ETF (Ticker Symbol: SCHO) | |
Market Price Return1 | 4.31% |
NAV Return1 | 4.26% |
Bloomberg US Treasury 1-3 Year Index | 4.29% |
ETF Category: Morningstar Short Government2 | 4.18% |
Performance Details | pages 8-9 |
Schwab Intermediate-Term U.S. Treasury ETF (Ticker Symbol: SCHR) | |
Market Price Return1 | 4.27% |
NAV Return1 | 4.29% |
Bloomberg US Treasury 3-10 Year Index | 4.27% |
ETF Category: Morningstar Intermediate Government2 | 4.42% |
Performance Details | pages 10-11 |
Schwab Long-Term U.S. Treasury ETF (Ticker Symbol: SCHQ) | |
Market Price Return1 | 3.43% |
NAV Return1 | 3.29% |
Bloomberg US Long Treasury Index | 3.06% |
ETF Category: Morningstar Long Government2 | 2.79% |
Performance Details | pages 12-13 |
Total Returns for the 12 Months Ended December 31, 2023 | |
Schwab U.S. Aggregate Bond ETF (Ticker Symbol: SCHZ) | |
Market Price Return1 | 5.60% |
NAV Return1 | 5.53% |
Bloomberg US Aggregate Bond Index | 5.53% |
ETF Category: Morningstar Intermediate Core Bond2 | 5.59% |
Performance Details | pages 14-15 |
Schwab 1-5 Year Corporate Bond ETF (Ticker Symbol: SCHJ) | |
Market Price Return1 | 6.36% |
NAV Return1 | 6.14% |
Bloomberg US 1-5 Year Corporate Bond Index | 6.20% |
ETF Category: Morningstar Short-Term Bond2 | 5.73% |
Performance Details | pages 16-17 |
Schwab 5-10 Year Corporate Bond ETF (Ticker Symbol: SCHI) | |
Market Price Return1 | 8.97% |
NAV Return1 | 8.84% |
Bloomberg US 5-10 Year Corporate Bond Index | 8.84% |
ETF Category: Morningstar Corporate Bond2 | 8.33% |
Performance Details | pages 18-19 |
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 | 3.91% | 3.09% | 2.38% |
NAV Return2 | 3.87% | 3.07% | 2.34% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | 3.90% | 3.15% | 2.42% |
ETF Category: Morningstar Inflation-Protected Bond3 | 2.82% | 2.93% | 1.98% |
Fund Expense Ratio4: 0.03% |
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 | 4.31% | 1.23% | 0.97% |
NAV Return2 | 4.26% | 1.23% | 0.97% |
Bloomberg US Treasury 1-3 Year Index | 4.29% | 1.28% | 1.04% |
ETF Category: Morningstar Short Government3 | 4.18% | 0.91% | 0.90% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity4 | 5.6 Yrs |
Weighted Average Duration4 | 5.1 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 | 4.27% | 0.76% | 1.37% |
NAV Return2 | 4.29% | 0.78% | 1.37% |
Bloomberg US Treasury 3-10 Year Index | 4.27% | 0.84% | 1.44% |
ETF Category: Morningstar Intermediate Government3 | 4.42% | 0.27% | 0.96% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity4 | 22.7 Yrs |
Weighted Average Duration4 | 15.5 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 | 3.43% | -11.45% | -5.85% |
NAV Return2 | 3.29% | -11.52% | -5.85% |
Bloomberg US Long Treasury Index | 3.06% | -11.41% | -5.76% |
ETF Category: Morningstar Long Government3 | 2.79% | -11.57% | 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 | 5.60% | 1.02% | 1.73% |
NAV Return2 | 5.53% | 1.03% | 1.74% |
Bloomberg US Aggregate Bond Index | 5.53% | 1.10% | 1.81% |
ETF Category: Morningstar Intermediate Core Bond3 | 5.59% | 1.05% | 1.66% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity3 | 2.9 Yrs |
Weighted Average Duration3 | 2.6 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 | 6.36% | -0.14% | 1.25% |
NAV Return2 | 6.14% | -0.16% | 1.23% |
Bloomberg US 1-5 Year Corporate Bond Index | 6.20% | -0.08% | 1.33% |
ETF Category: Morningstar Short-Term Bond3 | 5.73% | 0.14% | N/A |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity3 | 7.3 Yrs |
Weighted Average Duration3 | 6.1 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 | 8.97% | -2.77% | 0.36% |
NAV Return2 | 8.84% | -2.77% | 0.38% |
Bloomberg US 5-10 Year Corporate Bond Index | 8.84% | -2.64% | 0.48% |
ETF Category: Morningstar Corporate Bond3 | 8.33% | -3.00% | N/A |
Fund Expense Ratio4: 0.03% |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 7/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 12/31/23 | EXPENSES PAID DURING PERIOD 7/1/23-12/31/23 2 | |
Schwab U.S. TIPS ETF | ||||
Actual Return | 0.03% | $1,000.00 | $1,018.20 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab Short-Term U.S. Treasury ETF | ||||
Actual Return | 0.03% | $1,000.00 | $1,032.50 | $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 | $1,029.30 | $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 | $990.30 | $0.15 |
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 | $1,032.40 | $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 | $1,043.00 | $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 | $1,053.80 | $0.16 |
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. Effective September 25, 2023, the advisory fee of the Schwab U.S. TIPS ETF, was reduced to 0.03%. If the fund expense changes had been in place throughout the entire most recent fiscal half-year the expenses paid during the period under the actual return and hypothetical 5% return example would have been $0.15 and $0.15, respectively (see financial note 4). |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days in the period, and divided by 365 days in the fiscal year. |
1/1/23– 12/31/23 | 1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $51.77 | $62.83 | $62.06 | $56.57 | $53.27 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.50 | 3.62 | 2.93 | 0.81 | 1.21 | |
Net realized and unrealized gains (losses) | 0.47 | (10.95 ) | 0.60 | 5.37 | 3.23 | |
Total from investment operations | 1.97 | (7.33 ) | 3.53 | 6.18 | 4.44 | |
Less distributions: | ||||||
Distributions from net investment income | (1.58 ) | (3.73 ) | (2.76 ) | (0.69 ) | (1.14 ) | |
Net asset value at end of period | $52.16 | $51.77 | $62.83 | $62.06 | $56.57 | |
Total return | 3.87 % | (11.96 %) | 5.80 % | 10.94 % | 8.36 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04 %2 | 0.05 %3,4 | 0.05 % | 0.05 % | 0.05 % | |
Net investment income (loss) | 2.88 % | 6.34 % | 4.69 % | 1.36 % | 2.18 % | |
Portfolio turnover rate5 | 26 % | 18 % | 19 % | 23 % | 20 % | |
Net assets, end of period (x 1,000,000) | $11,420 | $13,832 | $21,304 | $14,090 | $8,734 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective September 25, 2023, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2023 is a blended ratio (see financial note 4 for additional information). |
3 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.7% OF NET ASSETS | ||
U.S. Treasury Inflation Protected Securities | ||
0.25%, 01/15/25 | 347,424,721 | 337,362,328 |
2.38%, 01/15/25 | 236,836,777 | 235,104,126 |
0.13%, 04/15/25 | 277,613,224 | 267,836,214 |
0.38%, 07/15/25 | 380,976,494 | 369,273,620 |
0.13%, 10/15/25 | 337,747,122 | 324,874,431 |
0.63%, 01/15/26 | 320,767,434 | 309,685,112 |
2.00%, 01/15/26 | 152,867,389 | 151,733,663 |
0.13%, 04/15/26 | 260,869,088 | 248,384,702 |
0.13%, 07/15/26 | 319,731,478 | 304,780,643 |
0.13%, 10/15/26 | 361,016,134 | 342,963,270 |
0.38%, 01/15/27 | 297,723,898 | 283,164,663 |
2.38%, 01/15/27 | 147,775,794 | 149,171,034 |
0.13%, 04/15/27 | 368,804,532 | 346,722,176 |
0.38%, 07/15/27 | 328,241,643 | 312,058,280 |
1.63%, 10/15/27 | 369,830,637 | 367,136,124 |
0.50%, 01/15/28 | 335,210,379 | 317,409,501 |
1.75%, 01/15/28 | 138,947,822 | 138,234,964 |
1.25%, 04/15/28 | 365,225,563 | 355,987,219 |
3.63%, 04/15/28 | 142,235,628 | 152,533,843 |
0.75%, 07/15/28 | 291,795,314 | 279,520,944 |
2.38%, 10/15/28 | 376,833,568 | 388,271,936 |
0.88%, 01/15/29 | 250,285,309 | 239,774,027 |
2.50%, 01/15/29 | 128,313,797 | 132,809,566 |
3.88%, 04/15/29 | 165,048,385 | 182,194,107 |
0.25%, 07/15/29 | 295,687,331 | 273,632,575 |
0.13%, 01/15/30 | 334,034,875 | 303,082,234 |
0.13%, 07/15/30 | 369,857,586 | 334,431,443 |
0.13%, 01/15/31 | 382,805,324 | 341,990,812 |
0.13%, 07/15/31 | 391,184,969 | 348,162,094 |
0.13%, 01/15/32 | 427,076,644 | 375,558,816 |
3.38%, 04/15/32 | 59,437,698 | 66,620,292 |
0.63%, 07/15/32 | 443,117,095 | 405,402,734 |
1.13%, 01/15/33 | 432,380,127 | 409,649,947 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.38%, 07/15/33 | 422,704,294 | 410,312,760 |
2.13%, 02/15/40 | 77,514,406 | 79,851,202 |
2.13%, 02/15/41 | 112,137,315 | 115,618,876 |
0.75%, 02/15/42 | 181,773,712 | 147,920,376 |
0.63%, 02/15/43 | 142,746,556 | 111,890,517 |
1.38%, 02/15/44 | 196,324,627 | 175,977,307 |
0.75%, 02/15/45 | 216,067,676 | 169,529,399 |
1.00%, 02/15/46 | 111,300,288 | 91,348,042 |
0.88%, 02/15/47 | 136,370,867 | 107,854,778 |
1.00%, 02/15/48 | 99,141,001 | 80,278,950 |
1.00%, 02/15/49 | 92,865,685 | 75,021,961 |
0.25%, 02/15/50 | 140,354,887 | 91,919,075 |
0.13%, 02/15/51 | 141,280,607 | 87,853,029 |
0.13%, 02/15/52 | 163,770,021 | 100,907,193 |
1.50%, 02/15/53 | 156,629,380 | 142,523,307 |
Total Treasuries (Cost $12,611,934,239) | 11,384,324,212 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (a) | 101,762 | 101,762 |
Total Short-Term Investments (Cost $101,762) | 101,762 | |
Total Investments in Securities (Cost $12,612,036,001) | 11,384,425,974 |
(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 | $— | $11,384,324,212 | $— | $11,384,324,212 |
Short-Term Investments1 | 101,762 | — | — | 101,762 |
Total | $101,762 | $11,384,324,212 | $— | $11,384,425,974 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $12,612,036,001) | $11,384,425,974 | |
Receivables: | ||
Investments sold | 248,946,572 | |
Interest | 36,196,215 | |
Dividends | + | 30,510 |
Total assets | 11,669,599,271 | |
Liabilities | ||
Payables: | ||
Investments bought | 183,724,097 | |
Fund shares redeemed | 65,199,222 | |
Management fees | + | 296,801 |
Total liabilities | 249,220,120 | |
Net assets | $11,420,379,151 | |
Net Assets by Source | ||
Capital received from investors | $13,541,337,368 | |
Total distributable loss | + | (2,120,958,217 ) |
Net assets | $11,420,379,151 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$11,420,379,151 | 218,950,000 | $52.16 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $358,276,809 | |
Dividends received from securities - unaffiliated | + | 400,378 |
Total investment income | 358,677,187 | |
Expenses | ||
Management fees | 4,604,229 | |
Total expenses | – | 4,604,229 |
Net investment income | 354,072,958 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (575,761,163 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (208,915,006 ) |
Net realized losses | (784,676,169 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 935,992,462 |
Net realized and unrealized gains | 151,316,293 | |
Increase in net assets resulting from operations | $505,389,251 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $354,072,958 | $1,070,635,987 | |
Net realized losses | (784,676,169 ) | (386,638,993 ) | |
Net change in unrealized appreciation (depreciation) | + | 935,992,462 | (2,910,566,700 ) |
Increase (decrease) in net assets resulting from operations | $505,389,251 | ($2,226,569,706 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($357,550,940 ) | ($1,069,955,140 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 75,500,000 | $3,952,028,772 | 120,550,000 | $7,032,380,314 | |
Shares redeemed | + | (123,750,000 ) | (6,511,799,695 ) | (192,400,000 ) | (11,207,272,315 ) |
Net transactions in fund shares | (48,250,000 ) | ($2,559,770,923 ) | (71,850,000 ) | ($4,174,892,001 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 267,200,000 | $13,832,311,763 | 339,050,000 | $21,303,728,610 | |
Total decrease | + | (48,250,000 ) | (2,411,932,612 ) | (71,850,000 ) | (7,471,416,847 ) |
End of period | 218,950,000 | $11,420,379,151 | 267,200,000 | $13,832,311,763 |
1/1/23– 12/31/23 | 1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $48.24 | $50.84 | $51.39 | $50.48 | $49.88 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.82 | 0.68 | 0.21 | 0.65 | 1.14 | |
Net realized and unrealized gains (losses) | 0.19 | (2.64 ) | (0.55 ) | 0.91 | 0.60 | |
Total from investment operations | 2.01 | (1.96 ) | (0.34 ) | 1.56 | 1.74 | |
Less distributions: | ||||||
Distributions from net investment income | (1.82 ) | (0.64 ) | (0.21 ) | (0.65 ) | (1.14 ) | |
Net asset value at end of period | $48.43 | $48.24 | $50.84 | $51.39 | $50.48 | |
Total return | 4.26 % | (3.85 %) | (0.66 %) | 3.11 % | 3.53 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %2,3 | 0.05 %4 | 0.05 % | 0.06 %5 | |
Net investment income (loss) | 3.78 % | 1.39 % | 0.41 % | 1.26 % | 2.27 % | |
Portfolio turnover rate6 | 81 % | 106 % | 73 % | 74 % | 77 % | |
Net assets, end of period (x 1,000,000) | $11,900 | $10,256 | $8,956 | $7,508 | $5,263 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2021 is a blended ratio. |
5 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended December 31, 2019 is a blended ratio. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.4% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
7.63%, 02/15/25 | 11,586,000 | 11,997,617 |
6.88%, 08/15/25 | 11,842,000 | 12,303,418 |
6.00%, 02/15/26 | 21,948,000 | 22,723,893 |
6.75%, 08/15/26 | 12,502,000 | 13,324,387 |
6.50%, 11/15/26 | 13,918,000 | 14,840,059 |
U.S. Treasury Notes | ||
1.13%, 01/15/25 | 137,678,000 | 132,668,696 |
1.38%, 01/31/25 | 91,223,000 | 88,048,239 |
2.50%, 01/31/25 | 89,314,000 | 87,241,817 |
4.13%, 01/31/25 | 143,933,000 | 143,061,730 |
1.50%, 02/15/25 | 164,875,000 | 159,169,187 |
2.00%, 02/15/25 | 176,568,000 | 171,402,397 |
1.13%, 02/28/25 | 108,409,000 | 104,136,450 |
2.75%, 02/28/25 | 90,508,000 | 88,581,347 |
4.63%, 02/28/25 | 132,451,000 | 132,381,304 |
1.75%, 03/15/25 | 156,817,000 | 151,570,750 |
0.50%, 03/31/25 | 131,317,000 | 124,877,214 |
2.63%, 03/31/25 | 54,923,000 | 53,642,289 |
3.88%, 03/31/25 | 138,590,000 | 137,396,491 |
2.63%, 04/15/25 | 144,767,000 | 141,238,594 |
0.38%, 04/30/25 | 136,434,000 | 129,149,066 |
2.88%, 04/30/25 | 84,707,000 | 82,879,014 |
3.88%, 04/30/25 | 132,817,000 | 131,642,074 |
2.13%, 05/15/25 | 162,656,000 | 157,497,137 |
2.75%, 05/15/25 | 147,292,000 | 143,799,869 |
0.25%, 05/31/25 | 132,919,000 | 125,203,903 |
2.88%, 05/31/25 | 74,544,000 | 72,856,719 |
4.25%, 05/31/25 | 130,641,000 | 130,174,220 |
2.88%, 06/15/25 | 134,858,000 | 131,831,867 |
0.25%, 06/30/25 | 142,517,000 | 133,882,964 |
2.75%, 06/30/25 | 56,165,000 | 54,804,869 |
4.63%, 06/30/25 | 137,888,000 | 138,230,169 |
3.00%, 07/15/25 | 137,599,000 | 134,637,663 |
0.25%, 07/31/25 | 144,161,000 | 135,044,446 |
2.88%, 07/31/25 | 68,973,000 | 67,340,416 |
4.75%, 07/31/25 | 136,012,000 | 136,652,344 |
2.00%, 08/15/25 | 178,370,000 | 171,695,519 |
3.13%, 08/15/25 | 137,622,000 | 134,904,764 |
0.25%, 08/31/25 | 143,553,000 | 134,073,980 |
2.75%, 08/31/25 | 71,425,000 | 69,548,851 |
5.00%, 08/31/25 | 147,530,000 | 148,918,965 |
3.50%, 09/15/25 | 125,339,000 | 123,517,874 |
0.25%, 09/30/25 | 163,136,000 | 151,968,802 |
3.00%, 09/30/25 | 64,623,000 | 63,160,278 |
5.00%, 09/30/25 | 154,461,000 | 156,057,015 |
4.25%, 10/15/25 | 128,394,000 | 128,188,518 |
0.25%, 10/31/25 | 174,887,000 | 162,505,525 |
3.00%, 10/31/25 | 59,417,000 | 58,054,705 |
5.00%, 10/31/25 | 163,595,000 | 165,480,285 |
2.25%, 11/15/25 | 192,075,000 | 185,052,738 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 11/15/25 | 129,406,000 | 129,878,759 |
0.38%, 11/30/25 | 168,908,000 | 156,897,037 |
2.88%, 11/30/25 | 72,796,000 | 70,942,126 |
4.88%, 11/30/25 | 173,518,000 | 175,344,815 |
4.00%, 12/15/25 | 130,830,000 | 130,165,802 |
0.38%, 12/31/25 | 178,520,000 | 165,501,304 |
2.63%, 12/31/25 | 69,220,000 | 67,105,703 |
4.25%, 12/31/25 | 185,000,000 | 185,007,276 |
3.88%, 01/15/26 | 127,922,000 | 126,987,747 |
0.38%, 01/31/26 | 189,719,000 | 175,305,592 |
2.63%, 01/31/26 | 82,582,000 | 80,020,868 |
1.63%, 02/15/26 | 164,412,000 | 155,883,654 |
4.00%, 02/15/26 | 129,278,000 | 128,732,783 |
0.50%, 02/28/26 | 196,735,000 | 181,857,742 |
2.50%, 02/28/26 | 87,415,000 | 84,389,847 |
4.63%, 03/15/26 | 132,745,000 | 133,927,386 |
0.75%, 03/31/26 | 181,824,000 | 168,798,765 |
2.25%, 03/31/26 | 86,395,000 | 82,909,083 |
3.75%, 04/15/26 | 133,805,000 | 132,587,401 |
0.75%, 04/30/26 | 178,096,000 | 164,802,184 |
2.38%, 04/30/26 | 64,745,000 | 62,233,794 |
1.63%, 05/15/26 | 164,262,000 | 155,061,357 |
3.63%, 05/15/26 | 133,215,000 | 131,706,180 |
0.75%, 05/31/26 | 189,831,000 | 175,290,496 |
2.13%, 05/31/26 | 78,637,000 | 75,110,878 |
4.13%, 06/15/26 | 128,418,000 | 128,428,235 |
0.88%, 06/30/26 | 167,815,000 | 155,236,192 |
1.88%, 06/30/26 | 70,010,000 | 66,416,772 |
4.50%, 07/15/26 | 128,067,000 | 129,282,791 |
0.63%, 07/31/26 | 181,298,000 | 166,101,021 |
1.88%, 07/31/26 | 75,904,000 | 71,839,272 |
1.50%, 08/15/26 | 171,085,000 | 160,185,722 |
4.38%, 08/15/26 | 137,041,000 | 137,999,410 |
0.75%, 08/31/26 | 195,121,000 | 178,955,889 |
1.38%, 08/31/26 | 71,336,000 | 66,529,487 |
4.63%, 09/15/26 | 141,331,000 | 143,313,125 |
0.88%, 09/30/26 | 178,996,000 | 164,460,451 |
1.63%, 09/30/26 | 59,424,000 | 55,738,108 |
4.63%, 10/15/26 | 150,075,000 | 152,343,909 |
1.13%, 10/31/26 | 177,801,000 | 164,084,791 |
1.63%, 10/31/26 | 77,600,000 | 72,677,584 |
2.00%, 11/15/26 | 161,606,000 | 152,838,260 |
4.63%, 11/15/26 | 156,655,000 | 159,170,253 |
1.25%, 11/30/26 | 191,436,000 | 177,049,068 |
1.63%, 11/30/26 | 72,426,000 | 67,718,556 |
4.38%, 12/15/26 | 165,000,000 | 166,669,336 |
1.25%, 12/31/26 | 185,000,000 | 170,843,522 |
1.75%, 12/31/26 | 75,000,000 | 70,297,980 |
Total Treasuries (Cost $11,812,172,108) | 11,823,988,751 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (a) | 6,844,438 | 6,844,438 |
Total Short-Term Investments (Cost $6,844,438) | 6,844,438 | |
Total Investments in Securities (Cost $11,819,016,546) | 11,830,833,189 |
(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 | $— | $11,823,988,751 | $— | $11,823,988,751 |
Short-Term Investments1 | 6,844,438 | — | — | 6,844,438 |
Total | $6,844,438 | $11,823,988,751 | $— | $11,830,833,189 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $11,819,016,546) | $11,830,833,189 | |
Receivables: | ||
Investments sold | 583,969,785 | |
Interest | 78,647,658 | |
Fund shares sold | 7,265,253 | |
Dividends | + | 54,535 |
Total assets | 12,500,770,420 | |
Liabilities | ||
Payables: | ||
Investments bought | 600,132,739 | |
Management fees | + | 302,150 |
Total liabilities | 600,434,889 | |
Net assets | $11,900,335,531 | |
Net Assets by Source | ||
Capital received from investors | $12,386,675,467 | |
Total distributable loss | + | (486,339,936 ) |
Net assets | $11,900,335,531 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$11,900,335,531 | 245,700,000 | $48.43 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $488,429,219 | |
Dividends received from securities - unaffiliated | + | 585,350 |
Total investment income | 489,014,569 | |
Expenses | ||
Management fees | 3,852,335 | |
Total expenses | – | 3,852,335 |
Net investment income | 485,162,234 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (218,157,256 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (18,906,416 ) |
Net realized losses | (237,063,672 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 241,576,809 |
Net realized and unrealized gains | 4,513,137 | |
Increase in net assets resulting from operations | $489,675,371 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $485,162,234 | $126,577,182 | |
Net realized losses | (237,063,672 ) | (295,587,090 ) | |
Net change in unrealized appreciation (depreciation) | + | 241,576,809 | (170,555,069 ) |
Increase (decrease) in net assets resulting from operations | $489,675,371 | ($339,564,977 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($486,218,420 ) | ($125,786,895 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 124,000,000 | $6,014,290,572 | 102,900,000 | $5,050,820,539 | |
Shares redeemed | + | (90,900,000 ) | (4,373,360,928 ) | (66,450,000 ) | (3,285,327,283 ) |
Net transactions in fund shares | 33,100,000 | $1,640,929,644 | 36,450,000 | $1,765,493,256 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 212,600,000 | $10,255,948,936 | 176,150,000 | $8,955,807,552 | |
Total increase | + | 33,100,000 | 1,644,386,595 | 36,450,000 | 1,300,141,384 |
End of period | 245,700,000 | $11,900,335,531 | 212,600,000 | $10,255,948,936 |
1/1/23– 12/31/23 | 1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $49.22 | $56.16 | $58.21 | $54.97 | $52.89 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.57 | 1.12 | 0.55 | 0.94 | 1.28 | |
Net realized and unrealized gains (losses) | 0.50 | (7.06 ) | (2.04 ) | 3.24 | 2.07 | |
Total from investment operations | 2.07 | (5.94 ) | (1.49 ) | 4.18 | 3.35 | |
Less distributions: | ||||||
Distributions from net investment income | (1.57 ) | (1.00 ) | (0.56 ) | (0.94 ) | (1.27 ) | |
Net asset value at end of period | $49.72 | $49.22 | $56.16 | $58.21 | $54.97 | |
Total return | 4.29 % | (10.63 %) | (2.57 %) | 7.62 % | 6.38 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %2,3 | 0.05 %4 | 0.05 % | 0.06 %5 | |
Net investment income (loss) | 3.20 % | 2.18 % | 0.97 % | 1.63 % | 2.35 % | |
Portfolio turnover rate6 | 56 % | 88 % | 56 % | 51 % | 38 % | |
Net assets, end of period (x 1,000,000) | $7,878 | $7,555 | $3,712 | $3,953 | $4,736 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2021 is a blended ratio. |
5 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended December 31, 2019 is a blended ratio. |
6 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.3% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
6.63%, 02/15/27 | 4,634,000 | 4,988,966 |
6.38%, 08/15/27 | 5,788,000 | 6,254,141 |
6.13%, 11/15/27 | 12,928,000 | 13,948,384 |
5.50%, 08/15/28 | 7,218,000 | 7,718,249 |
5.25%, 11/15/28 | 12,877,000 | 13,653,689 |
5.25%, 02/15/29 | 7,384,000 | 7,843,483 |
6.13%, 08/15/29 | 6,708,000 | 7,446,339 |
6.25%, 05/15/30 | 10,550,000 | 11,934,426 |
5.38%, 02/15/31 | 12,998,000 | 14,246,584 |
U.S. Treasury Notes | ||
2.25%, 02/15/27 | 77,178,000 | 73,288,931 |
1.13%, 02/28/27 | 22,354,000 | 20,484,455 |
1.88%, 02/28/27 | 97,164,000 | 91,129,115 |
0.63%, 03/31/27 | 37,293,000 | 33,531,568 |
2.50%, 03/31/27 | 106,570,000 | 101,898,930 |
0.50%, 04/30/27 | 53,454,000 | 47,738,821 |
2.75%, 04/30/27 | 92,874,000 | 89,365,406 |
2.38%, 05/15/27 | 91,030,000 | 86,488,686 |
0.50%, 05/31/27 | 48,348,000 | 43,057,801 |
2.63%, 05/31/27 | 79,229,000 | 75,864,374 |
0.50%, 06/30/27 | 58,153,000 | 51,660,375 |
3.25%, 06/30/27 | 77,762,000 | 76,014,742 |
0.38%, 07/31/27 | 68,116,000 | 60,087,882 |
2.75%, 07/31/27 | 73,195,000 | 70,272,280 |
2.25%, 08/15/27 | 72,414,000 | 68,303,260 |
0.50%, 08/31/27 | 61,669,000 | 54,501,810 |
3.13%, 08/31/27 | 70,053,000 | 68,103,915 |
0.38%, 09/30/27 | 78,329,000 | 68,729,797 |
4.13%, 09/30/27 | 69,126,000 | 69,589,552 |
0.50%, 10/31/27 | 74,904,000 | 65,870,712 |
4.13%, 10/31/27 | 69,652,000 | 70,110,791 |
2.25%, 11/15/27 | 71,234,000 | 66,995,121 |
0.63%, 11/30/27 | 80,543,000 | 71,002,577 |
3.88%, 11/30/27 | 68,661,000 | 68,523,094 |
0.63%, 12/31/27 | 83,008,000 | 73,013,347 |
3.88%, 12/31/27 | 67,011,000 | 66,920,783 |
0.75%, 01/31/28 | 92,488,000 | 81,564,936 |
3.50%, 01/31/28 | 65,570,000 | 64,554,524 |
2.75%, 02/15/28 | 93,891,000 | 89,763,195 |
1.13%, 02/29/28 | 96,869,000 | 86,624,096 |
4.00%, 02/29/28 | 68,470,000 | 68,709,330 |
1.25%, 03/31/28 | 85,677,000 | 76,863,296 |
3.63%, 03/31/28 | 67,743,000 | 67,011,172 |
1.25%, 04/30/28 | 96,698,000 | 86,587,982 |
3.50%, 04/30/28 | 58,196,000 | 57,285,326 |
2.88%, 05/15/28 | 98,982,000 | 94,946,920 |
1.25%, 05/31/28 | 96,610,000 | 86,339,217 |
3.63%, 05/31/28 | 65,684,000 | 65,004,972 |
1.25%, 06/30/28 | 88,596,000 | 79,028,252 |
4.00%, 06/30/28 | 62,748,000 | 63,052,660 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.00%, 07/31/28 | 92,285,000 | 81,179,663 |
4.13%, 07/31/28 | 61,777,000 | 62,419,598 |
2.88%, 08/15/28 | 99,044,000 | 94,804,838 |
1.13%, 08/31/28 | 91,377,000 | 80,694,910 |
4.38%, 08/31/28 | 65,528,000 | 66,936,433 |
1.25%, 09/30/28 | 94,974,000 | 84,190,329 |
4.63%, 09/30/28 | 74,901,000 | 77,327,036 |
1.38%, 10/31/28 | 84,136,000 | 74,904,867 |
4.88%, 10/31/28 | 80,725,000 | 84,269,724 |
3.13%, 11/15/28 | 89,906,000 | 86,882,794 |
1.50%, 11/30/28 | 86,693,000 | 77,519,840 |
4.38%, 11/30/28 | 81,291,000 | 83,199,729 |
1.38%, 12/31/28 | 84,834,000 | 75,284,152 |
3.75%, 12/31/28 | 90,000,000 | 89,612,187 |
1.75%, 01/31/29 | 81,831,000 | 73,852,960 |
2.63%, 02/15/29 | 93,342,000 | 87,935,099 |
1.88%, 02/28/29 | 76,596,000 | 69,478,294 |
2.38%, 03/31/29 | 71,915,000 | 66,794,026 |
2.88%, 04/30/29 | 65,214,000 | 62,067,927 |
2.38%, 05/15/29 | 77,277,000 | 71,680,461 |
2.75%, 05/31/29 | 64,861,000 | 61,275,821 |
3.25%, 06/30/29 | 59,666,000 | 57,787,219 |
2.63%, 07/31/29 | 59,418,000 | 55,676,359 |
1.63%, 08/15/29 | 71,296,000 | 63,475,570 |
3.13%, 08/31/29 | 55,143,000 | 52,995,158 |
3.88%, 09/30/29 | 52,448,000 | 52,371,772 |
4.00%, 10/31/29 | 55,629,000 | 55,923,967 |
1.75%, 11/15/29 | 49,179,000 | 43,916,916 |
3.88%, 11/30/29 | 51,566,000 | 51,500,955 |
3.88%, 12/31/29 | 55,223,000 | 55,148,935 |
3.50%, 01/31/30 | 54,480,000 | 53,311,012 |
1.50%, 02/15/30 | 89,077,000 | 77,645,856 |
4.00%, 02/28/30 | 54,200,000 | 54,493,498 |
3.63%, 03/31/30 | 49,953,000 | 49,202,936 |
3.50%, 04/30/30 | 53,587,000 | 52,397,149 |
0.63%, 05/15/30 | 120,170,000 | 98,251,869 |
3.75%, 05/31/30 | 54,366,000 | 53,908,385 |
3.75%, 06/30/30 | 54,369,000 | 53,904,895 |
4.00%, 07/31/30 | 55,069,000 | 55,399,133 |
0.63%, 08/15/30 | 163,232,000 | 132,496,361 |
4.13%, 08/31/30 | 56,819,000 | 57,559,022 |
4.63%, 09/30/30 | 57,310,000 | 59,771,058 |
4.88%, 10/31/30 | 57,755,000 | 61,123,907 |
0.88%, 11/15/30 | 165,553,000 | 136,086,900 |
4.38%, 11/30/30 | 57,912,000 | 59,588,888 |
3.88%, 12/31/30 | 62,000,000 | 61,516,535 |
1.13%, 02/15/31 | 161,438,000 | 134,809,932 |
1.63%, 05/15/31 | 160,012,000 | 137,306,153 |
1.25%, 08/15/31 | 174,744,000 | 144,718,804 |
1.38%, 11/15/31 | 173,013,000 | 143,744,131 |
1.88%, 02/15/32 | 156,405,000 | 134,539,440 |
2.88%, 05/15/32 | 158,829,000 | 147,269,759 |
2.75%, 08/15/32 | 149,010,000 | 136,546,953 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 11/15/32 | 152,780,000 | 155,385,312 |
3.50%, 02/15/33 | 153,361,000 | 148,799,569 |
3.38%, 05/15/33 | 151,583,000 | 145,568,353 |
3.88%, 08/15/33 | 163,172,000 | 163,071,225 |
4.50%, 11/15/33 | 119,460,000 | 125,497,031 |
Total Treasuries (Cost $7,927,955,345) | 7,822,939,869 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (a) | 2,588,319 | 2,588,319 |
Total Short-Term Investments (Cost $2,588,319) | 2,588,319 | |
Total Investments in Securities (Cost $7,930,543,664) | 7,825,528,188 |
(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 | $— | $7,822,939,869 | $— | $7,822,939,869 |
Short-Term Investments1 | 2,588,319 | — | — | 2,588,319 |
Total | $2,588,319 | $7,822,939,869 | $— | $7,825,528,188 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $7,930,543,664) | $7,825,528,188 | |
Receivables: | ||
Investments sold | 210,323,379 | |
Interest | 54,096,305 | |
Fund shares sold | 14,916,812 | |
Dividends | + | 30,990 |
Total assets | 8,104,895,674 | |
Liabilities | ||
Payables: | ||
Investments bought | 226,255,253 | |
Management fees | + | 196,485 |
Total liabilities | 226,451,738 | |
Net assets | $7,878,443,936 | |
Net Assets by Source | ||
Capital received from investors | $8,590,850,532 | |
Total distributable loss | + | (712,406,596 ) |
Net assets | $7,878,443,936 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,878,443,936 | 158,450,000 | $49.72 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $240,145,562 | |
Dividends received from securities - unaffiliated | + | 406,716 |
Total investment income | 240,552,278 | |
Expenses | ||
Management fees | 2,237,471 | |
Total expenses | – | 2,237,471 |
Net investment income | 238,314,807 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (244,279,190 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (5,479,649 ) |
Net realized losses | (249,758,839 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 316,546,557 |
Net realized and unrealized gains | 66,787,718 | |
Increase in net assets resulting from operations | $305,102,525 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $238,314,807 | $140,884,355 | |
Net realized losses | (249,758,839 ) | (373,456,484 ) | |
Net change in unrealized appreciation (depreciation) | + | 316,546,557 | (373,736,025 ) |
Increase (decrease) in net assets resulting from operations | $305,102,525 | ($606,308,154 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($238,302,970 ) | ($140,863,160 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 95,000,000 | $4,712,985,986 | 139,150,000 | $7,219,464,611 | |
Shares redeemed | + | (90,050,000 ) | (4,456,708,447 ) | (51,750,000 ) | (2,628,923,902 ) |
Net transactions in fund shares | 4,950,000 | $256,277,539 | 87,400,000 | $4,590,540,709 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 153,500,000 | $7,555,366,842 | 66,100,000 | $3,711,997,447 | |
Total increase | + | 4,950,000 | 323,077,094 | 87,400,000 | 3,843,369,395 |
End of period | 158,450,000 | $7,878,443,936 | 153,500,000 | $7,555,366,842 |
1/1/23– 12/31/23 | 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 | $35.28 | $51.26 | $54.87 | $47.34 | $50.00 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 1.40 | 1.12 | 0.86 | 0.86 | 0.22 | |
Net realized and unrealized gains (losses) | (0.28 )3 | (16.08 ) | (3.60 ) | 7.50 | (2.67 ) | |
Total from investment operations | 1.12 | (14.96 ) | (2.74 ) | 8.36 | (2.45 ) | |
Less distributions: | ||||||
Distributions from net investment income | (1.33 ) | (1.02 ) | (0.87 ) | (0.83 ) | (0.21 ) | |
Net asset value at end of period | $35.07 | $35.28 | $51.26 | $54.87 | $47.34 | |
Total return | 3.29 % | (29.42 %) | (4.96 %) | 17.64 % | (4.91 %)4 | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %5,6 | 0.05 %7 | 0.05 % | 0.06 %8,9 | |
Net investment income (loss) | 4.11 % | 2.83 % | 1.70 % | 1.55 % | 2.07 %8 | |
Portfolio turnover rate10 | 35 % | 41 % | 68 % | 45 % | 3 %4 | |
Net assets, end of period (x 1,000) | $620,780 | $188,739 | $99,948 | $90,535 | $18,935 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values. |
4 | Not annualized. |
5 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
6 | Ratio includes less than 0.005% of non-routine proxy expenses. |
7 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2021 is a blended ratio. |
8 | Annualized. |
9 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended December 31, 2019 is a blended ratio. |
10 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.1% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
4.50%, 02/15/36 | 2,284,600 | 2,439,256 |
4.75%, 02/15/37 | 1,357,600 | 1,487,156 |
5.00%, 05/15/37 | 1,754,800 | 1,964,706 |
4.38%, 02/15/38 | 1,845,800 | 1,941,773 |
4.50%, 05/15/38 | 2,090,100 | 2,222,714 |
3.50%, 02/15/39 | 2,140,900 | 2,028,949 |
4.25%, 05/15/39 | 3,178,100 | 3,275,996 |
4.50%, 08/15/39 | 3,394,300 | 3,594,314 |
4.38%, 11/15/39 | 3,651,800 | 3,806,394 |
4.63%, 02/15/40 | 3,679,000 | 3,942,233 |
1.13%, 05/15/40 | 11,010,700 | 7,106,242 |
4.38%, 05/15/40 | 3,563,000 | 3,703,426 |
1.13%, 08/15/40 | 13,451,600 | 8,595,371 |
3.88%, 08/15/40 | 3,541,300 | 3,456,245 |
1.38%, 11/15/40 | 14,978,600 | 9,954,656 |
4.25%, 11/15/40 | 3,516,300 | 3,586,388 |
1.88%, 02/15/41 | 18,140,300 | 13,057,705 |
4.75%, 02/15/41 | 3,726,600 | 4,032,895 |
2.25%, 05/15/41 | 15,628,000 | 11,924,084 |
4.38%, 05/15/41 | 3,440,600 | 3,551,007 |
1.75%, 08/15/41 | 20,478,500 | 14,262,069 |
3.75%, 08/15/41 | 3,482,700 | 3,317,244 |
2.00%, 11/15/41 | 17,213,100 | 12,472,974 |
3.13%, 11/15/41 | 3,656,100 | 3,182,451 |
2.38%, 02/15/42 | 13,929,900 | 10,704,301 |
3.13%, 02/15/42 | 3,869,900 | 3,357,373 |
3.00%, 05/15/42 | 3,599,300 | 3,048,874 |
3.25%, 05/15/42 | 12,290,800 | 10,797,159 |
2.75%, 08/15/42 | 4,206,400 | 3,415,286 |
3.38%, 08/15/42 | 10,650,400 | 9,509,193 |
2.75%, 11/15/42 | 6,098,500 | 4,936,152 |
4.00%, 11/15/42 | 10,646,900 | 10,360,677 |
3.13%, 02/15/43 | 5,229,400 | 4,476,556 |
3.88%, 02/15/43 | 10,648,600 | 10,168,575 |
2.88%, 05/15/43 | 8,275,000 | 6,803,631 |
3.88%, 05/15/43 | 10,609,200 | 10,128,992 |
3.63%, 08/15/43 | 5,942,400 | 5,472,006 |
4.38%, 08/15/43 | 11,469,400 | 11,722,484 |
3.75%, 11/15/43 | 6,044,400 | 5,654,528 |
4.75%, 11/15/43 | 7,901,000 | 8,484,843 |
3.63%, 02/15/44 | 6,434,500 | 5,902,393 |
3.38%, 05/15/44 | 5,968,400 | 5,267,706 |
3.13%, 08/15/44 | 7,685,200 | 6,514,065 |
3.00%, 11/15/44 | 6,725,900 | 5,572,092 |
2.50%, 02/15/45 | 8,927,800 | 6,766,638 |
3.00%, 05/15/45 | 4,367,700 | 3,606,744 |
2.88%, 08/15/45 | 5,945,500 | 4,798,692 |
3.00%, 11/15/45 | 3,511,400 | 2,892,153 |
2.50%, 02/15/46 | 7,225,300 | 5,426,895 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 05/15/46 | 7,320,400 | 5,486,733 |
2.25%, 08/15/46 | 9,033,600 | 6,431,713 |
2.88%, 11/15/46 | 4,070,700 | 3,263,637 |
3.00%, 02/15/47 | 8,043,600 | 6,583,330 |
3.00%, 05/15/47 | 6,196,700 | 5,068,669 |
2.75%, 08/15/47 | 8,848,100 | 6,901,020 |
2.75%, 11/15/47 | 8,911,800 | 6,947,226 |
3.00%, 02/15/48 | 10,191,600 | 8,315,501 |
3.13%, 05/15/48 | 10,939,800 | 9,125,728 |
3.00%, 08/15/48 | 11,979,900 | 9,767,127 |
3.38%, 11/15/48 | 12,291,000 | 10,722,832 |
3.00%, 02/15/49 | 12,941,700 | 10,547,236 |
2.88%, 05/15/49 | 12,645,300 | 10,066,880 |
2.25%, 08/15/49 | 11,903,100 | 8,326,115 |
2.38%, 11/15/49 | 11,179,100 | 8,033,407 |
2.00%, 02/15/50 | 14,049,600 | 9,259,670 |
1.25%, 05/15/50 | 16,326,900 | 8,818,928 |
1.38%, 08/15/50 | 18,396,000 | 10,271,018 |
1.63%, 11/15/50 | 18,205,900 | 10,869,532 |
1.88%, 02/15/51 | 20,302,800 | 12,905,678 |
2.38%, 05/15/51 | 20,453,900 | 14,624,948 |
2.00%, 08/15/51 | 20,243,800 | 13,247,300 |
1.88%, 11/15/51 | 18,843,300 | 11,935,290 |
2.25%, 02/15/52 | 17,213,000 | 11,953,036 |
2.88%, 05/15/52 | 16,388,800 | 13,070,088 |
3.00%, 08/15/52 | 15,569,800 | 12,753,480 |
4.00%, 11/15/52 | 15,564,600 | 15,377,526 |
3.63%, 02/15/53 | 15,568,300 | 14,399,585 |
3.63%, 05/15/53 | 15,568,400 | 14,419,114 |
4.13%, 08/15/53 | 17,205,200 | 17,422,662 |
4.75%, 11/15/53 | 12,259,800 | 13,773,232 |
Total Treasuries (Cost $601,475,202) | 615,382,497 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (a) | 1,032 | 1,032 |
Total Short-Term Investments (Cost $1,032) | 1,032 | |
Total Investments in Securities (Cost $601,476,234) | 615,383,529 |
(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 | $— | $615,382,497 | $— | $615,382,497 |
Short-Term Investments1 | 1,032 | — | — | 1,032 |
Total | $1,032 | $615,382,497 | $— | $615,383,529 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $601,476,234) | $615,383,529 | |
Cash | 13,672 | |
Receivables: | ||
Investments sold | 10,094,145 | |
Interest | 5,418,651 | |
Fund shares sold | 3,507,211 | |
Dividends | + | 1,682 |
Total assets | 634,418,890 | |
Liabilities | ||
Payables: | ||
Investments bought | 13,624,269 | |
Management fees | + | 14,642 |
Total liabilities | 13,638,911 | |
Net assets | $620,779,979 | |
Net Assets by Source | ||
Capital received from investors | $645,072,014 | |
Total distributable loss | + | (24,292,035 ) |
Net assets | $620,779,979 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$620,779,979 | 17,700,000 | $35.07 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $13,968,119 | |
Dividends received from securities - unaffiliated | + | 30,479 |
Total investment income | 13,998,598 | |
Expenses | ||
Management fees | 101,381 | |
Total expenses | – | 101,381 |
Net investment income | 13,897,217 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (26,508,249 ) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | + | 2,997,505 |
Net realized losses | (23,510,744 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 31,909,450 |
Net realized and unrealized gains | 8,398,706 | |
Increase in net assets resulting from operations | $22,295,923 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $13,897,217 | $2,886,195 | |
Net realized losses | (23,510,744 ) | (14,922,098 ) | |
Net change in unrealized appreciation (depreciation) | + | 31,909,450 | (16,768,720 ) |
Increase (decrease) in net assets resulting from operations | $22,295,923 | ($28,804,623 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($13,873,040 ) | ($2,856,565 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 15,000,000 | $511,867,145 | 5,450,000 | $203,105,803 | |
Shares redeemed | + | (2,650,000 ) | (88,248,979 ) | (2,050,000 ) | (82,653,392 ) |
Net transactions in fund shares | 12,350,000 | $423,618,166 | 3,400,000 | $120,452,411 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 5,350,000 | $188,738,930 | 1,950,000 | $99,947,707 | |
Total increase | + | 12,350,000 | 432,041,049 | 3,400,000 | 88,791,223 |
End of period | 17,700,000 | $620,779,979 | 5,350,000 | $188,738,930 |
1/1/23– 12/31/23 | 1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $45.70 | $53.91 | $56.05 | $53.43 | $50.59 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.50 | 1.11 | 0.96 | 1.19 | 1.43 | |
Net realized and unrealized gains (losses) | 0.97 | (8.12 ) | (1.93 ) | 2.79 | 2.90 | |
Total from investment operations | 2.47 | (7.01 ) | (0.97 ) | 3.98 | 4.33 | |
Less distributions: | ||||||
Distributions from net investment income | (1.53 ) | (1.20 ) | (1.17 ) | (1.36 ) | (1.49 ) | |
Net asset value at end of period | $46.64 | $45.70 | $53.91 | $56.05 | $53.43 | |
Total return | 5.53 % | (13.09 %) | (1.74 %) | 7.50 % | 8.64 % | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %2,3 | 0.04 % | 0.04 % | 0.04 % | |
Net investment income (loss) | 3.28 % | 2.29 % | 1.76 % | 2.14 % | 2.71 % | |
Portfolio turnover rate4,5 | 63 % | 53 % | 48 % | 68 % | 63 % | |
Net assets, end of period (x 1,000,000) | $7,584 | $6,805 | $9,074 | $8,733 | $7,384 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
5 | Includes to-be-announced (TBA) transactions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 24.6% OF NET ASSETS | ||
Financial Institutions 8.1% | ||
Banking 5.7% | ||
Ally Financial, Inc. | ||
4.63%, 03/30/25 | 150,000 | 148,181 |
5.80%, 05/01/25 (a) | 250,000 | 250,478 |
2.20%, 11/02/28 (a) | 150,000 | 128,423 |
6.99%, 06/13/29 (a)(b) | 200,000 | 206,963 |
6.85%, 01/03/30 (a)(b) | 270,000 | 277,769 |
8.00%, 11/01/31 | 950,000 | 1,041,128 |
8.00%, 11/01/31 (c) | 350,000 | 383,045 |
American Express Co. | ||
2.25%, 03/04/25 (a) | 575,000 | 556,519 |
3.95%, 08/01/25 (a) | 600,000 | 590,675 |
4.20%, 11/06/25 (a) | 300,000 | 296,672 |
4.90%, 02/13/26 (a) | 300,000 | 300,755 |
4.99%, 05/01/26 (a)(b) | 250,000 | 249,443 |
3.13%, 05/20/26 (a) | 75,000 | 72,405 |
6.34%, 10/30/26 (a)(b) | 400,000 | 408,173 |
1.65%, 11/04/26 (a) | 250,000 | 230,806 |
2.55%, 03/04/27 (a) | 575,000 | 539,152 |
3.30%, 05/03/27 (a) | 600,000 | 574,107 |
5.39%, 07/28/27 (a)(b) | 400,000 | 404,908 |
5.85%, 11/05/27 (a) | 500,000 | 522,103 |
4.05%, 05/03/29 (a) | 300,000 | 297,252 |
5.28%, 07/27/29 (a)(b) | 400,000 | 408,466 |
6.49%, 10/30/31 (a)(b) | 300,000 | 325,585 |
4.99%, 05/26/33 (a)(b) | 250,000 | 249,561 |
4.42%, 08/03/33 (a)(b) | 400,000 | 385,509 |
5.04%, 05/01/34 (a)(b) | 300,000 | 299,739 |
4.05%, 12/03/42 | 240,000 | 217,296 |
American Express Credit Corp. | ||
3.30%, 05/03/27 (a) | 50,000 | 47,801 |
Australia & New Zealand Banking Group Ltd. | ||
5.38%, 07/03/25 | 300,000 | 302,793 |
5.67%, 10/03/25 | 275,000 | 279,484 |
3.70%, 11/16/25 | 350,000 | 343,529 |
5.09%, 12/08/25 | 250,000 | 251,599 |
Banco Bilbao Vizcaya Argentaria SA | ||
1.13%, 09/18/25 | 400,000 | 373,317 |
5.86%, 09/14/26 (a)(b) | 200,000 | 201,154 |
6.14%, 09/14/28 (a)(b) | 200,000 | 205,616 |
7.88%, 11/15/34 (a)(b) | 400,000 | 436,263 |
Banco Santander SA | ||
3.50%, 03/24/25 | 200,000 | 195,771 |
2.75%, 05/28/25 | 800,000 | 772,385 |
5.15%, 08/18/25 | 600,000 | 596,900 |
5.18%, 11/19/25 | 600,000 | 595,113 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 04/11/27 | 600,000 | 581,751 |
5.29%, 08/18/27 | 600,000 | 601,972 |
1.72%, 09/14/27 (a)(b) | 400,000 | 362,260 |
3.80%, 02/23/28 | 600,000 | 567,213 |
4.18%, 03/24/28 (a)(b) | 400,000 | 384,823 |
4.38%, 04/12/28 | 400,000 | 388,911 |
5.59%, 08/08/28 | 400,000 | 408,346 |
3.31%, 06/27/29 | 600,000 | 554,198 |
3.49%, 05/28/30 | 600,000 | 541,107 |
2.75%, 12/03/30 | 400,000 | 332,561 |
2.96%, 03/25/31 | 200,000 | 172,157 |
3.23%, 11/22/32 (a)(b) | 400,000 | 334,793 |
6.92%, 08/08/33 | 200,000 | 213,543 |
6.94%, 11/07/33 | 200,000 | 222,653 |
Bank of America Corp. | ||
4.00%, 01/22/25 | 700,000 | 690,579 |
3.95%, 04/21/25 | 700,000 | 688,448 |
3.88%, 08/01/25 | 800,000 | 789,132 |
3.37%, 01/23/26 (a)(b) | 500,000 | 488,446 |
2.02%, 02/13/26 (a)(b) | 390,000 | 374,818 |
4.45%, 03/03/26 | 550,000 | 544,016 |
3.38%, 04/02/26 (a)(b) | 500,000 | 486,788 |
3.50%, 04/19/26 | 850,000 | 827,682 |
1.32%, 06/19/26 (a)(b) | 700,000 | 659,248 |
4.83%, 07/22/26 (a)(b) | 325,000 | 322,742 |
6.22%, 09/15/26 | 200,000 | 207,415 |
4.25%, 10/22/26 | 500,000 | 491,333 |
1.20%, 10/24/26 (a)(b) | 900,000 | 836,125 |
5.08%, 01/20/27 (a)(b) | 1,000,000 | 998,630 |
1.66%, 03/11/27 (a)(b) | 900,000 | 832,831 |
3.56%, 04/23/27 (a)(b) | 850,000 | 818,821 |
1.73%, 07/22/27 (a)(b) | 1,700,000 | 1,558,082 |
5.93%, 09/15/27 (a)(b) | 250,000 | 255,170 |
3.25%, 10/21/27 (a) | 800,000 | 762,003 |
4.18%, 11/25/27 (a) | 500,000 | 486,455 |
3.82%, 01/20/28 (a)(b) | 950,000 | 913,972 |
2.55%, 02/04/28 (a)(b) | 485,000 | 449,843 |
3.71%, 04/24/28 (a)(b) | 500,000 | 478,245 |
4.38%, 04/27/28 (a)(b) | 750,000 | 733,573 |
3.59%, 07/21/28 (a)(b) | 850,000 | 807,030 |
4.95%, 07/22/28 (a)(b) | 900,000 | 899,867 |
6.20%, 11/10/28 (a)(b) | 500,000 | 522,308 |
3.42%, 12/20/28 (a)(b) | 1,750,000 | 1,648,146 |
3.97%, 03/05/29 (a)(b) | 800,000 | 764,783 |
5.20%, 04/25/29 (a)(b) | 950,000 | 956,204 |
2.09%, 06/14/29 (a)(b) | 1,075,000 | 949,122 |
4.27%, 07/23/29 (a)(b) | 850,000 | 821,171 |
5.82%, 09/15/29 (a)(b) | 750,000 | 774,619 |
3.97%, 02/07/30 (a)(b) | 850,000 | 806,725 |
3.19%, 07/23/30 (a)(b) | 800,000 | 725,905 |
2.88%, 10/22/30 (a)(b) | 600,000 | 532,993 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 02/13/31 (a)(b) | 1,000,000 | 860,048 |
2.59%, 04/29/31 (a)(b) | 800,000 | 689,967 |
1.90%, 07/23/31 (a)(b) | 800,000 | 654,358 |
1.92%, 10/24/31 (a)(b) | 750,000 | 609,951 |
2.65%, 03/11/32 (a)(b) | 600,000 | 507,510 |
2.69%, 04/22/32 (a)(b) | 1,450,000 | 1,225,703 |
2.30%, 07/21/32 (a)(b) | 1,250,000 | 1,021,686 |
2.57%, 10/20/32 (a)(b) | 1,000,000 | 830,349 |
2.97%, 02/04/33 (a)(b) | 1,000,000 | 850,645 |
4.57%, 04/27/33 (a)(b) | 1,000,000 | 954,747 |
5.02%, 07/22/33 (a)(b) | 1,450,000 | 1,435,233 |
5.29%, 04/25/34 (a)(b) | 1,000,000 | 1,004,099 |
5.87%, 09/15/34 (a)(b) | 1,000,000 | 1,048,411 |
2.48%, 09/21/36 (a)(b) | 425,000 | 337,387 |
6.11%, 01/29/37 | 575,000 | 614,898 |
3.85%, 03/08/37 (a)(b) | 700,000 | 615,731 |
4.24%, 04/24/38 (a)(b) | 500,000 | 451,821 |
7.75%, 05/14/38 | 500,000 | 608,898 |
4.08%, 04/23/40 (a)(b) | 400,000 | 350,977 |
2.68%, 06/19/41 (a)(b) | 1,500,000 | 1,076,278 |
5.88%, 02/07/42 | 450,000 | 486,262 |
3.31%, 04/22/42 (a)(b) | 1,000,000 | 781,325 |
5.00%, 01/21/44 | 775,000 | 763,855 |
4.88%, 04/01/44 | 150,000 | 146,176 |
4.75%, 04/21/45 | 200,000 | 183,407 |
4.44%, 01/20/48 (a)(b) | 650,000 | 586,025 |
3.95%, 01/23/49 (a)(b) | 400,000 | 337,577 |
4.33%, 03/15/50 (a)(b) | 600,000 | 528,036 |
4.08%, 03/20/51 (a)(b) | 1,550,000 | 1,309,629 |
2.83%, 10/24/51 (a)(b) | 350,000 | 237,626 |
3.48%, 03/13/52 (a)(b) | 75,000 | 58,096 |
2.97%, 07/21/52 (a)(b) | 650,000 | 458,788 |
Bank of America NA | ||
5.65%, 08/18/25 (a) | 500,000 | 506,467 |
5.53%, 08/18/26 (a) | 300,000 | 305,677 |
6.00%, 10/15/36 | 350,000 | 380,461 |
Bank of Montreal | ||
1.50%, 01/10/25 | 500,000 | 481,851 |
1.85%, 05/01/25 | 475,000 | 455,810 |
3.70%, 06/07/25 | 400,000 | 392,405 |
5.92%, 09/25/25 | 300,000 | 304,816 |
5.30%, 06/05/26 | 500,000 | 505,229 |
1.25%, 09/15/26 | 400,000 | 364,625 |
5.27%, 12/11/26 | 270,000 | 273,940 |
0.95%, 01/22/27 (a)(b) | 200,000 | 184,713 |
2.65%, 03/08/27 | 300,000 | 282,579 |
4.70%, 09/14/27 (a) | 300,000 | 300,879 |
5.20%, 02/01/28 (a) | 350,000 | 356,763 |
3.80%, 12/15/32 (a)(b) | 404,000 | 372,024 |
3.09%, 01/10/37 (a)(b) | 350,000 | 284,794 |
Bank of New York Mellon Corp. | ||
3.00%, 02/24/25 (a) | 350,000 | 342,551 |
1.60%, 04/24/25 (a) | 350,000 | 336,125 |
3.95%, 11/18/25 (a) | 300,000 | 295,029 |
0.75%, 01/28/26 (a) | 150,000 | 138,397 |
2.80%, 05/04/26 (a) | 250,000 | 239,655 |
4.41%, 07/24/26 (a)(b) | 400,000 | 395,945 |
2.45%, 08/17/26 (a) | 300,000 | 283,436 |
1.05%, 10/15/26 (a) | 150,000 | 135,896 |
2.05%, 01/26/27 (a) | 250,000 | 232,424 |
4.95%, 04/26/27 (a)(b) | 400,000 | 400,186 |
3.25%, 05/16/27 (a) | 325,000 | 311,751 |
3.40%, 01/29/28 (a) | 300,000 | 286,390 |
3.44%, 02/07/28 (a)(b) | 225,000 | 216,789 |
3.85%, 04/28/28 | 300,000 | 292,815 |
3.99%, 06/13/28 (a)(b) | 150,000 | 146,644 |
1.65%, 07/14/28 (a) | 100,000 | 88,281 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.80%, 10/25/28 (a)(b) | 400,000 | 415,215 |
3.00%, 10/30/28 (a) | 225,000 | 208,413 |
4.54%, 02/01/29 (a)(b) | 250,000 | 248,777 |
3.85%, 04/26/29 (a) | 125,000 | 121,848 |
3.30%, 08/23/29 (a) | 250,000 | 234,264 |
6.32%, 10/25/29 (a)(b) | 250,000 | 265,634 |
4.60%, 07/26/30 (a)(b) | 150,000 | 149,420 |
1.80%, 07/28/31 (a) | 300,000 | 245,445 |
4.29%, 06/13/33 (a)(b) | 270,000 | 258,150 |
5.83%, 10/25/33 (a)(b) | 500,000 | 530,544 |
4.97%, 04/26/34 (a)(b) | 250,000 | 249,244 |
Bank of Nova Scotia | ||
1.45%, 01/10/25 | 500,000 | 481,657 |
2.20%, 02/03/25 | 400,000 | 388,018 |
3.45%, 04/11/25 | 500,000 | 489,684 |
1.30%, 06/11/25 | 350,000 | 331,891 |
5.45%, 06/12/25 | 500,000 | 502,297 |
4.50%, 12/16/25 | 400,000 | 393,786 |
4.75%, 02/02/26 | 300,000 | 299,526 |
1.05%, 03/02/26 | 350,000 | 322,596 |
1.35%, 06/24/26 | 250,000 | 229,911 |
2.70%, 08/03/26 | 400,000 | 379,250 |
5.35%, 12/07/26 | 300,000 | 305,453 |
1.95%, 02/02/27 | 250,000 | 230,412 |
2.95%, 03/11/27 | 250,000 | 236,828 |
5.25%, 06/12/28 | 200,000 | 203,297 |
4.85%, 02/01/30 | 200,000 | 199,640 |
2.15%, 08/01/31 | 210,000 | 174,481 |
2.45%, 02/02/32 | 300,000 | 251,707 |
5.65%, 02/01/34 | 250,000 | 259,629 |
4.59%, 05/04/37 (a)(b) | 400,000 | 358,399 |
Bank OZK | ||
2.75%, 10/01/31 (a)(b) | 125,000 | 101,519 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 150,000 | 146,490 |
5.13%, 06/11/30 (a) | 95,000 | 87,507 |
Barclays PLC | ||
3.65%, 03/16/25 | 600,000 | 586,860 |
4.38%, 01/12/26 | 750,000 | 740,612 |
2.85%, 05/07/26 (a)(b) | 750,000 | 724,442 |
5.20%, 05/12/26 | 550,000 | 546,789 |
5.30%, 08/09/26 (a)(b) | 500,000 | 498,480 |
7.33%, 11/02/26 (a)(b) | 525,000 | 542,545 |
5.83%, 05/09/27 (a)(b) | 100,000 | 100,909 |
6.50%, 09/13/27 (a)(b) | 400,000 | 411,390 |
2.28%, 11/24/27 (a)(b) | 400,000 | 367,275 |
4.34%, 01/10/28 (a) | 400,000 | 388,990 |
4.84%, 05/09/28 (a) | 600,000 | 585,791 |
5.50%, 08/09/28 (a)(b) | 500,000 | 503,029 |
7.39%, 11/02/28 (a)(b) | 400,000 | 427,692 |
4.97%, 05/16/29 (a)(b) | 500,000 | 491,707 |
6.49%, 09/13/29 (a)(b) | 300,000 | 313,106 |
5.09%, 06/20/30 (a)(b) | 450,000 | 436,477 |
2.65%, 06/24/31 (a)(b) | 400,000 | 338,035 |
2.67%, 03/10/32 (a)(b) | 250,000 | 206,533 |
2.89%, 11/24/32 (a)(b) | 300,000 | 247,175 |
5.75%, 08/09/33 (a)(b) | 300,000 | 302,935 |
7.44%, 11/02/33 (a)(b) | 500,000 | 561,268 |
6.22%, 05/09/34 (a)(b) | 600,000 | 622,925 |
7.12%, 06/27/34 (a)(b) | 400,000 | 425,958 |
6.69%, 09/13/34 (a)(b) | 600,000 | 642,412 |
3.56%, 09/23/35 (a)(b) | 300,000 | 257,701 |
3.81%, 03/10/42 (a)(b) | 300,000 | 225,686 |
3.33%, 11/24/42 (a)(b) | 400,000 | 296,932 |
5.25%, 08/17/45 | 400,000 | 392,322 |
4.95%, 01/10/47 | 500,000 | 469,111 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BPCE SA | ||
3.38%, 12/02/26 | 250,000 | 241,770 |
Canadian Imperial Bank of Commerce | ||
2.25%, 01/28/25 | 400,000 | 387,688 |
3.30%, 04/07/25 | 400,000 | 390,921 |
3.95%, 08/04/25 | 450,000 | 443,242 |
0.95%, 10/23/25 | 200,000 | 186,779 |
1.25%, 06/22/26 | 100,000 | 91,734 |
5.93%, 10/02/26 | 300,000 | 308,638 |
3.45%, 04/07/27 (a) | 300,000 | 288,540 |
5.00%, 04/28/28 (a) | 400,000 | 402,418 |
3.60%, 04/07/32 (a) | 400,000 | 365,273 |
6.09%, 10/03/33 (a) | 570,000 | 608,739 |
Capital One Financial Corp. | ||
3.20%, 02/05/25 (a) | 300,000 | 293,118 |
4.20%, 10/29/25 (a) | 475,000 | 466,536 |
2.64%, 03/03/26 (a)(b) | 500,000 | 479,373 |
4.99%, 07/24/26 (a)(b) | 400,000 | 396,208 |
3.75%, 07/28/26 (a) | 400,000 | 383,633 |
3.75%, 03/09/27 (a) | 350,000 | 334,694 |
3.65%, 05/11/27 (a) | 250,000 | 238,669 |
1.88%, 11/02/27 (a)(b) | 400,000 | 360,047 |
3.80%, 01/31/28 (a) | 550,000 | 522,793 |
4.93%, 05/10/28 (a)(b) | 525,000 | 516,292 |
6.31%, 06/08/29 (a)(b) | 500,000 | 513,164 |
3.27%, 03/01/30 (a)(b) | 450,000 | 402,124 |
5.25%, 07/26/30 (a)(b) | 100,000 | 98,348 |
7.62%, 10/30/31 (a)(b) | 500,000 | 550,240 |
2.36%, 07/29/32 (a)(b) | 375,000 | 284,861 |
2.62%, 11/02/32 (a)(b) | 250,000 | 201,799 |
5.27%, 05/10/33 (a)(b) | 500,000 | 491,607 |
5.82%, 02/01/34 (a)(b) | 450,000 | 448,642 |
6.38%, 06/08/34 (a)(b) | 350,000 | 361,083 |
Capital One NA | ||
2.28%, 01/28/26 (a)(b) | 375,000 | 361,627 |
Citibank NA | ||
5.86%, 09/29/25 (a) | 250,000 | 254,289 |
5.80%, 09/29/28 (a) | 750,000 | 783,565 |
Citigroup, Inc. | ||
3.88%, 03/26/25 | 200,000 | 196,563 |
3.30%, 04/27/25 | 415,000 | 405,803 |
4.40%, 06/10/25 | 800,000 | 791,066 |
5.50%, 09/13/25 | 450,000 | 452,629 |
3.70%, 01/12/26 | 995,000 | 971,988 |
2.01%, 01/25/26 (a)(b) | 600,000 | 576,639 |
4.60%, 03/09/26 | 450,000 | 444,574 |
3.29%, 03/17/26 (a)(b) | 400,000 | 389,704 |
3.11%, 04/08/26 (a)(b) | 1,000,000 | 972,577 |
3.40%, 05/01/26 | 600,000 | 579,556 |
5.61%, 09/29/26 (a)(b) | 700,000 | 705,335 |
3.20%, 10/21/26 (a) | 850,000 | 811,313 |
4.30%, 11/20/26 | 350,000 | 343,270 |
1.12%, 01/28/27 (a)(b) | 750,000 | 689,759 |
1.46%, 06/09/27 (a)(b) | 900,000 | 824,101 |
4.45%, 09/29/27 | 1,050,000 | 1,026,550 |
3.89%, 01/10/28 (a)(b) | 800,000 | 774,589 |
6.63%, 01/15/28 | 150,000 | 162,371 |
3.07%, 02/24/28 (a)(b) | 500,000 | 471,491 |
4.66%, 05/24/28 (a)(b) | 300,000 | 298,165 |
3.67%, 07/24/28 (a)(b) | 700,000 | 667,831 |
4.13%, 07/25/28 | 650,000 | 624,765 |
3.52%, 10/27/28 (a)(b) | 700,000 | 662,364 |
4.08%, 04/23/29 (a)(b) | 650,000 | 626,352 |
3.98%, 03/20/30 (a)(b) | 750,000 | 712,141 |
2.98%, 11/05/30 (a)(b) | 600,000 | 535,339 |
2.67%, 01/29/31 (a)(b) | 750,000 | 651,642 |
4.41%, 03/31/31 (a)(b) | 1,200,000 | 1,149,946 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.57%, 06/03/31 (a)(b) | 1,090,000 | 932,587 |
2.56%, 05/01/32 (a)(b) | 875,000 | 730,518 |
6.63%, 06/15/32 | 250,000 | 272,268 |
2.52%, 11/03/32 (a)(b) | 475,000 | 392,352 |
3.06%, 01/25/33 (a)(b) | 900,000 | 769,379 |
5.88%, 02/22/33 | 150,000 | 156,824 |
3.79%, 03/17/33 (a)(b) | 700,000 | 630,539 |
4.91%, 05/24/33 (a)(b) | 700,000 | 686,178 |
6.00%, 10/31/33 | 200,000 | 211,118 |
6.27%, 11/17/33 (a)(b) | 700,000 | 749,512 |
6.17%, 05/25/34 (a)(b) | 750,000 | 777,926 |
6.13%, 08/25/36 | 200,000 | 214,505 |
3.88%, 01/24/39 (a)(b) | 310,000 | 267,953 |
8.13%, 07/15/39 | 550,000 | 710,640 |
5.32%, 03/26/41 (a)(b) | 450,000 | 451,923 |
5.88%, 01/30/42 | 250,000 | 266,673 |
2.90%, 11/03/42 (a)(b) | 350,000 | 252,562 |
6.68%, 09/13/43 | 300,000 | 337,545 |
5.30%, 05/06/44 | 300,000 | 289,024 |
4.65%, 07/30/45 | 200,000 | 182,307 |
4.75%, 05/18/46 | 550,000 | 493,644 |
4.28%, 04/24/48 (a)(b) | 350,000 | 307,419 |
4.65%, 07/23/48 (a) | 800,000 | 741,039 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 239,162 |
3.75%, 02/18/26 (a) | 100,000 | 95,859 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 200,000 | 195,416 |
2.85%, 07/27/26 (a) | 305,000 | 284,261 |
2.50%, 02/06/30 (a) | 240,000 | 202,051 |
3.25%, 04/30/30 (a) | 300,000 | 263,892 |
2.64%, 09/30/32 (a) | 50,000 | 38,717 |
5.64%, 05/21/37 (a)(b) | 150,000 | 139,109 |
Comerica Bank | ||
4.00%, 07/27/25 | 275,000 | 267,270 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 150,000 | 141,892 |
Commonwealth Bank of Australia | ||
5.08%, 01/10/25 | 300,000 | 300,562 |
5.50%, 09/12/25 | 250,000 | 253,291 |
5.32%, 03/13/26 | 300,000 | 304,258 |
Cooperatieve Rabobank UA | ||
1.38%, 01/10/25 | 300,000 | 289,009 |
3.38%, 05/21/25 | 500,000 | 490,289 |
5.50%, 07/18/25 | 250,000 | 252,670 |
4.38%, 08/04/25 | 500,000 | 491,422 |
3.75%, 07/21/26 | 600,000 | 575,514 |
5.25%, 05/24/41 | 350,000 | 370,641 |
5.75%, 12/01/43 | 345,000 | 356,126 |
5.25%, 08/04/45 | 250,000 | 248,051 |
Credit Suisse AG | ||
7.95%, 01/09/25 | 350,000 | 358,156 |
3.70%, 02/21/25 | 500,000 | 489,923 |
2.95%, 04/09/25 | 300,000 | 290,828 |
1.25%, 08/07/26 | 350,000 | 317,655 |
5.00%, 07/09/27 | 450,000 | 450,510 |
7.50%, 02/15/28 | 750,000 | 822,335 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 (c) | 375,000 | 428,332 |
Deutsche Bank AG | ||
4.50%, 04/01/25 | 500,000 | 491,379 |
4.16%, 05/13/25 | 150,000 | 148,052 |
4.10%, 01/13/26 | 400,000 | 390,737 |
1.69%, 03/19/26 | 300,000 | 279,427 |
6.12%, 07/14/26 (a)(b) | 200,000 | 202,100 |
2.13%, 11/24/26 (a)(b) | 600,000 | 562,970 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.15%, 07/13/27 (a)(b) | 250,000 | 259,927 |
2.31%, 11/16/27 (a)(b) | 510,000 | 466,632 |
2.55%, 01/07/28 (a)(b) | 450,000 | 413,897 |
6.72%, 01/18/29 (a)(b) | 225,000 | 235,850 |
6.82%, 11/20/29 (a)(b) | 300,000 | 315,933 |
5.88%, 07/08/31 (a)(b) | 150,000 | 146,528 |
3.55%, 09/18/31 (a)(b) | 650,000 | 571,330 |
3.73%, 01/14/32 (a)(b) | 415,000 | 348,894 |
3.04%, 05/28/32 (a)(b) | 350,000 | 292,844 |
4.88%, 12/01/32 (a)(b) | 250,000 | 233,852 |
3.74%, 01/07/33 (a)(b) | 400,000 | 329,118 |
7.08%, 02/10/34 (a)(b) | 300,000 | 308,713 |
Discover Bank | ||
4.65%, 09/13/28 (a) | 500,000 | 477,499 |
2.70%, 02/06/30 (a) | 370,000 | 313,973 |
Discover Financial Services | ||
3.75%, 03/04/25 (a) | 250,000 | 244,739 |
4.50%, 01/30/26 (a) | 50,000 | 49,373 |
4.10%, 02/09/27 (a) | 300,000 | 288,058 |
6.70%, 11/29/32 (a) | 250,000 | 262,131 |
7.96%, 11/02/34 (a)(b) | 275,000 | 306,073 |
Fifth Third Bancorp | ||
2.38%, 01/28/25 (a) | 125,000 | 121,007 |
2.55%, 05/05/27 (a) | 300,000 | 276,795 |
1.71%, 11/01/27 (a)(b) | 300,000 | 270,724 |
3.95%, 03/14/28 (a) | 200,000 | 192,072 |
6.36%, 10/27/28 (a)(b) | 200,000 | 207,891 |
4.77%, 07/28/30 (a)(b) | 100,000 | 98,185 |
4.34%, 04/25/33 (a)(b) | 75,000 | 69,860 |
8.25%, 03/01/38 | 350,000 | 414,747 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 600,000 | 587,908 |
3.85%, 03/15/26 (a) | 500,000 | 481,199 |
2.25%, 02/01/27 (a) | 50,000 | 46,241 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 25,000 | 23,701 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 250,000 | 236,802 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 335,000 | 342,109 |
FNB Corp. | ||
5.15%, 08/25/25 (a) | 50,000 | 49,573 |
Goldman Sachs Capital I | ||
6.35%, 02/15/34 | 300,000 | 315,186 |
Goldman Sachs Group, Inc. | ||
3.50%, 01/23/25 (a) | 750,000 | 735,934 |
3.50%, 04/01/25 (a) | 975,000 | 954,445 |
3.75%, 05/22/25 (a) | 700,000 | 686,769 |
4.25%, 10/21/25 | 450,000 | 441,956 |
0.86%, 02/12/26 (a)(b) | 150,000 | 142,293 |
3.75%, 02/25/26 (a) | 475,000 | 464,259 |
5.80%, 08/10/26 (a)(b) | 750,000 | 757,778 |
3.50%, 11/16/26 (a) | 850,000 | 819,142 |
1.09%, 12/09/26 (a)(b) | 625,000 | 576,134 |
5.95%, 01/15/27 | 290,000 | 298,547 |
3.85%, 01/26/27 (a) | 1,045,000 | 1,017,673 |
1.43%, 03/09/27 (a)(b) | 900,000 | 830,152 |
1.54%, 09/10/27 (a)(b) | 800,000 | 726,280 |
1.95%, 10/21/27 (a)(b) | 1,200,000 | 1,098,774 |
2.64%, 02/24/28 (a)(b) | 850,000 | 788,569 |
3.62%, 03/15/28 (a)(b) | 685,000 | 656,881 |
3.69%, 06/05/28 (a)(b) | 750,000 | 717,988 |
4.48%, 08/23/28 (a)(b) | 500,000 | 491,346 |
3.81%, 04/23/29 (a)(b) | 775,000 | 736,618 |
4.22%, 05/01/29 (a)(b) | 1,050,000 | 1,015,912 |
6.48%, 10/24/29 (a)(b) | 750,000 | 796,112 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.60%, 02/07/30 (a) | 600,000 | 527,715 |
3.80%, 03/15/30 (a) | 700,000 | 658,500 |
1.99%, 01/27/32 (a)(b) | 750,000 | 607,414 |
2.62%, 04/22/32 (a)(b) | 800,000 | 672,342 |
2.38%, 07/21/32 (a)(b) | 1,200,000 | 987,200 |
2.65%, 10/21/32 (a)(b) | 1,000,000 | 834,304 |
6.13%, 02/15/33 | 200,000 | 219,920 |
3.10%, 02/24/33 (a)(b) | 1,000,000 | 859,073 |
6.56%, 10/24/34 (a)(b) | 200,000 | 220,283 |
6.45%, 05/01/36 | 295,000 | 319,366 |
6.75%, 10/01/37 | 1,500,000 | 1,655,942 |
4.02%, 10/31/38 (a)(b) | 700,000 | 611,911 |
4.41%, 04/23/39 (a)(b) | 585,000 | 531,610 |
6.25%, 02/01/41 | 650,000 | 725,227 |
3.21%, 04/22/42 (a)(b) | 600,000 | 459,868 |
2.91%, 07/21/42 (a)(b) | 450,000 | 329,579 |
3.44%, 02/24/43 (a)(b) | 550,000 | 430,760 |
4.80%, 07/08/44 (a) | 510,000 | 483,388 |
5.15%, 05/22/45 | 690,000 | 668,344 |
4.75%, 10/21/45 (a) | 500,000 | 475,159 |
HSBC Bank USA NA | ||
5.63%, 08/15/35 | 250,000 | 248,853 |
7.00%, 01/15/39 | 250,000 | 290,640 |
HSBC Holdings PLC | ||
4.25%, 08/18/25 | 550,000 | 538,643 |
4.30%, 03/08/26 | 1,000,000 | 984,000 |
3.00%, 03/10/26 (a)(b) | 400,000 | 388,123 |
1.65%, 04/18/26 (a)(b) | 550,000 | 522,911 |
3.90%, 05/25/26 | 700,000 | 682,208 |
2.10%, 06/04/26 (a)(b) | 650,000 | 619,078 |
4.29%, 09/12/26 (a)(b) | 750,000 | 734,693 |
7.34%, 11/03/26 (a)(b) | 600,000 | 623,670 |
4.38%, 11/23/26 | 400,000 | 391,123 |
1.59%, 05/24/27 (a)(b) | 550,000 | 504,401 |
5.89%, 08/14/27 (a)(b) | 500,000 | 507,454 |
2.25%, 11/22/27 (a)(b) | 450,000 | 413,345 |
4.04%, 03/13/28 (a)(b) | 800,000 | 771,475 |
4.76%, 06/09/28 (a)(b) | 700,000 | 690,460 |
5.21%, 08/11/28 (a)(b) | 700,000 | 700,231 |
2.01%, 09/22/28 (a)(b) | 650,000 | 579,014 |
7.39%, 11/03/28 (a)(b) | 600,000 | 643,194 |
6.16%, 03/09/29 (a)(b) | 600,000 | 620,395 |
4.58%, 06/19/29 (a)(b) | 850,000 | 825,317 |
2.21%, 08/17/29 (a)(b) | 650,000 | 567,746 |
4.95%, 03/31/30 | 600,000 | 595,231 |
3.97%, 05/22/30 (a)(b) | 1,050,000 | 982,105 |
2.85%, 06/04/31 (a)(b) | 250,000 | 215,466 |
2.36%, 08/18/31 (a)(b) | 500,000 | 415,412 |
2.80%, 05/24/32 (a)(b) | 1,100,000 | 919,208 |
2.87%, 11/22/32 (a)(b) | 500,000 | 416,623 |
4.76%, 03/29/33 (a)(b) | 685,000 | 638,800 |
5.40%, 08/11/33 (a)(b) | 600,000 | 603,339 |
8.11%, 11/03/33 (a)(b) | 400,000 | 460,977 |
6.25%, 03/09/34 (a)(b) | 600,000 | 636,329 |
6.55%, 06/20/34 (a)(b) | 500,000 | 523,508 |
7.40%, 11/13/34 (a)(b) | 500,000 | 549,002 |
6.50%, 05/02/36 | 625,000 | 659,343 |
6.50%, 09/15/37 | 450,000 | 478,974 |
6.80%, 06/01/38 | 600,000 | 650,823 |
6.10%, 01/14/42 | 275,000 | 313,223 |
6.33%, 03/09/44 (a)(b) | 700,000 | 757,326 |
5.25%, 03/14/44 | 545,000 | 533,002 |
Huntington Bancshares, Inc. | ||
4.00%, 05/15/25 (a) | 150,000 | 147,122 |
4.44%, 08/04/28 (a)(b) | 450,000 | 436,956 |
2.55%, 02/04/30 (a)(c) | 325,000 | 278,556 |
2.49%, 08/15/36 (a)(b) | 350,000 | 265,518 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Huntington National Bank | ||
4.55%, 05/17/28 (a)(b) | 250,000 | 241,797 |
5.65%, 01/10/30 (a) | 250,000 | 253,187 |
ING Groep NV | ||
3.87%, 03/28/26 (a)(b) | 300,000 | 294,146 |
3.95%, 03/29/27 | 545,000 | 528,116 |
1.73%, 04/01/27 (a)(b) | 300,000 | 277,684 |
6.08%, 09/11/27 (a)(b) | 300,000 | 306,461 |
4.02%, 03/28/28 (a)(b) | 400,000 | 389,730 |
4.55%, 10/02/28 | 250,000 | 246,960 |
4.05%, 04/09/29 | 255,000 | 246,632 |
2.73%, 04/01/32 (a)(b) | 250,000 | 214,641 |
4.25%, 03/28/33 (a)(b) | 400,000 | 375,468 |
6.11%, 09/11/34 (a)(b) | 550,000 | 578,911 |
JPMorgan Chase & Co. | ||
3.13%, 01/23/25 (a) | 850,000 | 832,857 |
3.90%, 07/15/25 (a) | 750,000 | 739,458 |
7.75%, 07/15/25 | 100,000 | 104,298 |
2.60%, 02/24/26 (a)(b) | 500,000 | 484,588 |
2.01%, 03/13/26 (a)(b) | 800,000 | 768,793 |
3.30%, 04/01/26 (a) | 825,000 | 798,499 |
2.08%, 04/22/26 (a)(b) | 1,050,000 | 1,006,525 |
4.08%, 04/26/26 (a)(b) | 500,000 | 492,202 |
3.20%, 06/15/26 (a) | 349,000 | 337,126 |
2.95%, 10/01/26 (a) | 925,000 | 882,517 |
7.63%, 10/15/26 | 200,000 | 215,316 |
1.05%, 11/19/26 (a)(b) | 1,200,000 | 1,111,441 |
4.13%, 12/15/26 | 600,000 | 588,555 |
3.96%, 01/29/27 (a)(b) | 650,000 | 635,171 |
1.04%, 02/04/27 (a)(b) | 650,000 | 597,577 |
1.58%, 04/22/27 (a)(b) | 1,200,000 | 1,107,836 |
8.00%, 04/29/27 | 225,000 | 248,998 |
1.47%, 09/22/27 (a)(b) | 850,000 | 770,349 |
4.25%, 10/01/27 | 543,000 | 537,455 |
3.63%, 12/01/27 (a) | 350,000 | 336,008 |
3.78%, 02/01/28 (a)(b) | 800,000 | 773,059 |
2.95%, 02/24/28 (a)(b) | 500,000 | 470,691 |
4.32%, 04/26/28 (a)(b) | 500,000 | 492,121 |
3.54%, 05/01/28 (a)(b) | 800,000 | 764,500 |
2.18%, 06/01/28 (a)(b) | 500,000 | 457,174 |
4.85%, 07/25/28 (a)(b) | 1,000,000 | 1,000,468 |
3.51%, 01/23/29 (a)(b) | 750,000 | 710,540 |
4.01%, 04/23/29 (a)(b) | 750,000 | 722,284 |
2.07%, 06/01/29 (a)(b) | 600,000 | 532,300 |
4.20%, 07/23/29 (a)(b) | 925,000 | 899,007 |
6.09%, 10/23/29 (a)(b) | 500,000 | 526,140 |
4.45%, 12/05/29 (a)(b) | 950,000 | 931,775 |
3.70%, 05/06/30 (a)(b) | 995,000 | 936,588 |
4.57%, 06/14/30 (a)(b) | 500,000 | 489,342 |
8.75%, 09/01/30 | 200,000 | 241,043 |
2.74%, 10/15/30 (a)(b) | 1,000,000 | 889,878 |
4.49%, 03/24/31 (a)(b) | 875,000 | 854,023 |
2.52%, 04/22/31 (a)(b) | 900,000 | 779,453 |
2.96%, 05/13/31 (a)(b) | 950,000 | 836,364 |
1.76%, 11/19/31 (a)(b) | 450,000 | 365,577 |
1.95%, 02/04/32 (a)(b) | 900,000 | 732,726 |
2.58%, 04/22/32 (a)(b) | 1,100,000 | 931,482 |
2.55%, 11/08/32 (a)(b) | 1,000,000 | 836,053 |
2.96%, 01/25/33 (a)(b) | 800,000 | 686,175 |
4.59%, 04/26/33 (a)(b) | 500,000 | 482,883 |
4.91%, 07/25/33 (a)(b) | 1,000,000 | 989,440 |
5.72%, 09/14/33 (a)(b) | 700,000 | 724,454 |
5.35%, 06/01/34 (a)(b) | 1,250,000 | 1,270,705 |
6.25%, 10/23/34 (a)(b) | 900,000 | 976,527 |
6.40%, 05/15/38 | 750,000 | 860,371 |
3.88%, 07/24/38 (a)(b) | 750,000 | 665,678 |
5.50%, 10/15/40 | 350,000 | 365,007 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.11%, 04/22/41 (a)(b) | 450,000 | 348,263 |
5.60%, 07/15/41 | 525,000 | 558,406 |
2.53%, 11/19/41 (a)(b) | 600,000 | 425,388 |
5.40%, 01/06/42 | 350,000 | 363,295 |
3.16%, 04/22/42 (a)(b) | 650,000 | 504,526 |
5.63%, 08/16/43 | 450,000 | 471,942 |
4.85%, 02/01/44 | 300,000 | 294,622 |
4.95%, 06/01/45 | 400,000 | 383,127 |
4.26%, 02/22/48 (a)(b) | 575,000 | 510,583 |
4.03%, 07/24/48 (a)(b) | 400,000 | 341,811 |
3.96%, 11/15/48 (a)(b) | 1,200,000 | 1,009,417 |
3.90%, 01/23/49 (a)(b) | 500,000 | 416,446 |
3.11%, 04/22/51 (a)(b) | 600,000 | 431,921 |
3.33%, 04/22/52 (a)(b) | 1,000,000 | 750,806 |
JPMorgan Chase Bank NA | ||
5.11%, 12/08/26 (a) | 270,000 | 272,601 |
KeyBank NA | ||
3.30%, 06/01/25 | 250,000 | 240,964 |
4.15%, 08/08/25 | 250,000 | 242,814 |
3.40%, 05/20/26 | 250,000 | 235,704 |
5.85%, 11/15/27 (a) | 285,000 | 285,180 |
4.39%, 12/14/27 | 300,000 | 282,662 |
3.90%, 04/13/29 | 250,000 | 220,184 |
4.90%, 08/08/32 | 250,000 | 221,268 |
5.00%, 01/26/33 (a) | 250,000 | 233,863 |
KeyCorp | ||
4.15%, 10/29/25 | 225,000 | 219,753 |
2.25%, 04/06/27 | 135,000 | 121,702 |
4.10%, 04/30/28 | 250,000 | 235,696 |
2.55%, 10/01/29 | 250,000 | 212,784 |
4.79%, 06/01/33 (a)(b) | 150,000 | 137,988 |
Lloyds Banking Group PLC | ||
4.45%, 05/08/25 | 400,000 | 395,427 |
4.58%, 12/10/25 | 400,000 | 392,268 |
2.44%, 02/05/26 (a)(b) | 350,000 | 337,955 |
3.51%, 03/18/26 (a)(b) | 350,000 | 341,877 |
4.65%, 03/24/26 | 450,000 | 442,620 |
4.72%, 08/11/26 (a)(b) | 400,000 | 395,080 |
3.75%, 01/11/27 | 400,000 | 384,496 |
1.63%, 05/11/27 (a)(b) | 300,000 | 275,189 |
5.99%, 08/07/27 (a)(b) | 400,000 | 407,343 |
3.75%, 03/18/28 (a)(b) | 400,000 | 383,281 |
4.38%, 03/22/28 | 400,000 | 391,352 |
4.55%, 08/16/28 | 300,000 | 295,527 |
3.57%, 11/07/28 (a)(b) | 500,000 | 470,760 |
5.87%, 03/06/29 (a)(b) | 200,000 | 205,153 |
4.98%, 08/11/33 (a)(b) | 400,000 | 390,796 |
7.95%, 11/15/33 (a)(b) | 200,000 | 229,617 |
5.30%, 12/01/45 | 275,000 | 263,914 |
3.37%, 12/14/46 (a)(b) | 345,000 | 240,393 |
4.34%, 01/09/48 | 500,000 | 403,104 |
M&T Bank Corp. | ||
4.55%, 08/16/28 (a)(b) | 10,000 | 9,656 |
7.41%, 10/30/29 (a)(b) | 200,000 | 215,680 |
5.05%, 01/27/34 (a)(b) | 250,000 | 237,349 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 365,000 | 353,820 |
4.65%, 01/27/26 (a) | 350,000 | 342,867 |
3.40%, 08/17/27 | 300,000 | 279,156 |
4.70%, 01/27/28 (a) | 350,000 | 340,781 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.19%, 02/25/25 | 850,000 | 821,380 |
3.78%, 03/02/25 (c) | 350,000 | 344,329 |
1.41%, 07/17/25 | 600,000 | 566,836 |
5.72%, 02/20/26 (a)(b) | 400,000 | 401,759 |
3.85%, 03/01/26 | 750,000 | 732,768 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.76%, 09/13/26 | 200,000 | 188,873 |
3.68%, 02/22/27 | 400,000 | 388,047 |
1.54%, 07/20/27 (a)(b) | 750,000 | 685,937 |
3.29%, 07/25/27 | 350,000 | 334,041 |
1.64%, 10/13/27 (a)(b) | 300,000 | 273,431 |
2.34%, 01/19/28 (a)(b) | 500,000 | 462,517 |
3.96%, 03/02/28 | 350,000 | 340,995 |
5.02%, 07/20/28 (a)(b) | 400,000 | 400,738 |
5.35%, 09/13/28 (a)(b) | 500,000 | 507,446 |
5.42%, 02/22/29 (a)(b) | 250,000 | 254,867 |
3.74%, 03/07/29 | 550,000 | 526,092 |
3.20%, 07/18/29 | 500,000 | 459,906 |
2.56%, 02/25/30 | 400,000 | 350,565 |
2.05%, 07/17/30 | 550,000 | 461,892 |
5.48%, 02/22/31 (a)(b) | 200,000 | 204,997 |
2.31%, 07/20/32 (a)(b) | 800,000 | 665,272 |
2.49%, 10/13/32 (a)(b) | 390,000 | 327,744 |
2.85%, 01/19/33 (a)(b) | 450,000 | 386,184 |
4.32%, 04/19/33 (a)(b) | 200,000 | 191,307 |
5.13%, 07/20/33 (a)(b) | 400,000 | 406,577 |
5.44%, 02/22/34 (a)(b) | 250,000 | 258,755 |
5.41%, 04/19/34 (a)(b) | 25,000 | 25,822 |
4.29%, 07/26/38 | 150,000 | 141,308 |
4.15%, 03/07/39 | 200,000 | 184,488 |
3.75%, 07/18/39 | 400,000 | 350,711 |
Mizuho Financial Group, Inc. | ||
2.65%, 05/22/26 (a)(b) | 250,000 | 240,697 |
2.23%, 05/25/26 (a)(b) | 400,000 | 382,435 |
2.84%, 09/13/26 | 350,000 | 332,405 |
3.66%, 02/28/27 | 300,000 | 288,818 |
1.23%, 05/22/27 (a)(b) | 250,000 | 227,956 |
1.55%, 07/09/27 (a)(b) | 250,000 | 228,755 |
3.17%, 09/11/27 | 500,000 | 470,175 |
4.02%, 03/05/28 | 300,000 | 291,355 |
5.67%, 05/27/29 (a)(b) | 200,000 | 204,905 |
5.78%, 07/06/29 (a)(b) | 500,000 | 514,817 |
4.25%, 09/11/29 (a)(b) | 300,000 | 290,234 |
3.15%, 07/16/30 (a)(b) | 250,000 | 225,585 |
2.87%, 09/13/30 (a)(b) | 200,000 | 177,178 |
2.59%, 05/25/31 (a)(b) | 285,000 | 244,424 |
2.20%, 07/10/31 (a)(b) | 400,000 | 333,655 |
1.98%, 09/08/31 (a)(b) | 400,000 | 327,294 |
2.56%, 09/13/31 | 235,000 | 191,660 |
2.26%, 07/09/32 (a)(b) | 250,000 | 204,099 |
5.67%, 09/13/33 (a)(b) | 200,000 | 206,643 |
5.75%, 05/27/34 (a)(b) | 200,000 | 207,927 |
5.75%, 07/06/34 (a)(b) | 300,000 | 311,445 |
Morgan Stanley | ||
4.00%, 07/23/25 | 975,000 | 961,446 |
5.00%, 11/24/25 | 700,000 | 699,692 |
3.88%, 01/27/26 | 850,000 | 833,386 |
2.63%, 02/18/26 (a)(b) | 500,000 | 484,144 |
2.19%, 04/28/26 (a)(b) | 750,000 | 720,813 |
4.68%, 07/17/26 (a)(b) | 625,000 | 619,377 |
3.13%, 07/27/26 | 850,000 | 814,333 |
6.25%, 08/09/26 | 200,000 | 206,385 |
4.35%, 09/08/26 | 675,000 | 663,331 |
6.14%, 10/16/26 (a)(b) | 300,000 | 305,737 |
0.99%, 12/10/26 (a)(b) | 700,000 | 644,397 |
3.63%, 01/20/27 | 900,000 | 873,164 |
5.05%, 01/28/27 (a)(b) | 400,000 | 400,556 |
3.95%, 04/23/27 | 650,000 | 631,301 |
1.59%, 05/04/27 (a)(b) | 1,050,000 | 967,659 |
1.51%, 07/20/27 (a)(b) | 750,000 | 685,543 |
2.48%, 01/21/28 (a)(b) | 750,000 | 696,703 |
4.21%, 04/20/28 (a)(b) | 725,000 | 708,846 |
3.59%, 07/22/28 (a)(b) | 900,000 | 859,815 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.30%, 10/18/28 (a)(b) | 500,000 | 524,441 |
3.77%, 01/24/29 (a)(b) | 1,050,000 | 1,002,433 |
5.12%, 02/01/29 (a)(b) | 500,000 | 502,613 |
5.16%, 04/20/29 (a)(b) | 800,000 | 804,686 |
5.45%, 07/20/29 (a)(b) | 500,000 | 509,856 |
6.41%, 11/01/29 (a)(b) | 550,000 | 583,552 |
4.43%, 01/23/30 (a)(b) | 950,000 | 925,730 |
2.70%, 01/22/31 (a)(b) | 1,000,000 | 877,152 |
3.62%, 04/01/31 (a)(b) | 850,000 | 783,718 |
1.79%, 02/13/32 (a)(b) | 750,000 | 599,385 |
7.25%, 04/01/32 | 300,000 | 354,076 |
1.93%, 04/28/32 (a)(b) | 725,000 | 583,292 |
2.24%, 07/21/32 (a)(b) | 1,000,000 | 817,523 |
2.51%, 10/20/32 (a)(b) | 750,000 | 622,295 |
2.94%, 01/21/33 (a)(b) | 750,000 | 638,451 |
4.89%, 07/20/33 (a)(b) | 600,000 | 585,780 |
6.34%, 10/18/33 (a)(b) | 800,000 | 862,597 |
5.25%, 04/21/34 (a)(b) | 1,025,000 | 1,025,637 |
5.42%, 07/21/34 (a)(b) | 700,000 | 710,952 |
6.63%, 11/01/34 (a)(b) | 500,000 | 554,229 |
2.48%, 09/16/36 (a)(b) | 900,000 | 714,867 |
5.30%, 04/20/37 (a)(b) | 600,000 | 584,327 |
5.95%, 01/19/38 (a)(b) | 410,000 | 415,319 |
3.97%, 07/22/38 (a)(b) | 525,000 | 460,933 |
4.46%, 04/22/39 (a)(b) | 650,000 | 600,577 |
3.22%, 04/22/42 (a)(b) | 600,000 | 464,005 |
6.38%, 07/24/42 | 600,000 | 695,267 |
4.30%, 01/27/45 | 575,000 | 519,782 |
4.38%, 01/22/47 | 600,000 | 541,027 |
5.60%, 03/24/51 (a)(b) | 500,000 | 540,357 |
2.80%, 01/25/52 (a)(b) | 600,000 | 402,073 |
Morgan Stanley Bank NA | ||
5.48%, 07/16/25 (a) | 350,000 | 353,249 |
4.75%, 04/21/26 (a) | 450,000 | 449,868 |
5.88%, 10/30/26 (a) | 250,000 | 257,505 |
National Australia Bank Ltd. | ||
3.50%, 06/09/25 | 250,000 | 245,773 |
3.38%, 01/14/26 | 490,000 | 477,701 |
2.50%, 07/12/26 | 450,000 | 427,429 |
3.91%, 06/09/27 | 500,000 | 490,360 |
4.90%, 06/13/28 | 500,000 | 505,524 |
National Bank of Canada | ||
5.25%, 01/17/25 | 300,000 | 299,995 |
5.60%, 12/18/28 | 300,000 | 308,007 |
NatWest Group PLC | ||
4.80%, 04/05/26 | 600,000 | 595,043 |
7.47%, 11/10/26 (a)(b) | 200,000 | 207,092 |
5.85%, 03/02/27 (a)(b) | 300,000 | 302,915 |
1.64%, 06/14/27 (a)(b) | 600,000 | 548,323 |
3.07%, 05/22/28 (a)(b) | 300,000 | 279,008 |
5.52%, 09/30/28 (a)(b) | 300,000 | 302,124 |
4.89%, 05/18/29 (a)(b) | 550,000 | 541,137 |
5.08%, 01/27/30 (a)(b) | 825,000 | 814,851 |
4.45%, 05/08/30 (a)(b) | 300,000 | 287,429 |
6.02%, 03/02/34 (a)(b) | 200,000 | 210,597 |
3.03%, 11/28/35 (a)(b) | 250,000 | 208,347 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 250,000 | 246,111 |
4.00%, 05/10/27 (a) | 150,000 | 148,079 |
3.65%, 08/03/28 (a) | 250,000 | 242,750 |
3.15%, 05/03/29 (a) | 150,000 | 141,622 |
1.95%, 05/01/30 (a) | 325,000 | 280,358 |
3.38%, 05/08/32 (a)(b) | 350,000 | 324,150 |
PNC Bank NA | ||
2.95%, 02/23/25 (a) | 250,000 | 243,608 |
3.88%, 04/10/25 (a) | 250,000 | 244,986 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 06/01/25 (a) | 350,000 | 341,111 |
3.10%, 10/25/27 (a) | 300,000 | 281,857 |
3.25%, 01/22/28 (a) | 400,000 | 377,175 |
4.05%, 07/26/28 | 550,000 | 531,038 |
2.70%, 10/22/29 | 300,000 | 264,159 |
PNC Financial Services Group, Inc. | ||
5.81%, 06/12/26 (a)(b) | 300,000 | 302,454 |
2.60%, 07/23/26 (a) | 300,000 | 284,586 |
1.15%, 08/13/26 (a) | 200,000 | 182,063 |
4.76%, 01/26/27 (a)(b) | 400,000 | 397,060 |
3.15%, 05/19/27 (a) | 200,000 | 189,811 |
6.62%, 10/20/27 (a)(b) | 300,000 | 311,533 |
5.35%, 12/02/28 (a)(b) | 250,000 | 253,227 |
3.45%, 04/23/29 (a) | 600,000 | 568,675 |
5.58%, 06/12/29 (a)(b) | 550,000 | 561,236 |
2.55%, 01/22/30 (a) | 600,000 | 525,625 |
2.31%, 04/23/32 (a)(b) | 300,000 | 251,246 |
6.04%, 10/28/33 (a)(b) | 350,000 | 366,196 |
5.07%, 01/24/34 (a)(b) | 400,000 | 391,670 |
6.88%, 10/20/34 (a)(b) | 500,000 | 555,692 |
Regions Bank | ||
6.45%, 06/26/37 | 250,000 | 255,171 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 250,000 | 238,710 |
1.80%, 08/12/28 (a) | 280,000 | 240,584 |
Royal Bank of Canada | ||
1.60%, 01/21/25 | 225,000 | 217,085 |
3.38%, 04/14/25 | 400,000 | 392,341 |
4.95%, 04/25/25 | 450,000 | 450,456 |
1.15%, 06/10/25 | 600,000 | 569,065 |
4.88%, 01/12/26 | 400,000 | 401,203 |
0.88%, 01/20/26 | 350,000 | 324,676 |
4.65%, 01/27/26 | 450,000 | 446,633 |
1.20%, 04/27/26 | 490,000 | 452,691 |
1.15%, 07/14/26 | 300,000 | 274,575 |
5.20%, 07/20/26 | 300,000 | 303,373 |
1.40%, 11/02/26 | 400,000 | 366,088 |
3.63%, 05/04/27 | 400,000 | 386,667 |
4.24%, 08/03/27 | 550,000 | 544,309 |
6.00%, 11/01/27 | 500,000 | 524,502 |
2.30%, 11/03/31 | 300,000 | 253,418 |
3.88%, 05/04/32 | 350,000 | 330,375 |
5.00%, 02/01/33 | 500,000 | 509,083 |
Santander Holdings USA, Inc. | ||
3.45%, 06/02/25 (a) | 250,000 | 243,151 |
4.50%, 07/17/25 (a) | 500,000 | 494,788 |
5.81%, 09/09/26 (a)(b) | 200,000 | 200,689 |
3.24%, 10/05/26 (a)(d) | 300,000 | 284,833 |
4.40%, 07/13/27 (a) | 300,000 | 291,719 |
2.49%, 01/06/28 (a)(b) | 235,000 | 215,775 |
6.50%, 03/09/29 (a)(b) | 250,000 | 258,921 |
6.57%, 06/12/29 (a)(b) | 155,000 | 160,187 |
Santander U.K. Group Holdings PLC | ||
1.53%, 08/21/26 (a)(b) | 400,000 | 373,567 |
6.83%, 11/21/26 (a)(b) | 400,000 | 407,960 |
1.67%, 06/14/27 (a)(b) | 200,000 | 182,122 |
2.47%, 01/11/28 (a)(b) | 500,000 | 456,044 |
3.82%, 11/03/28 (a)(b) | 425,000 | 399,640 |
2.90%, 03/15/32 (a)(b) | 200,000 | 172,370 |
State Street Corp. | ||
3.55%, 08/18/25 | 571,000 | 560,682 |
2.90%, 03/30/26 (a)(b) | 100,000 | 97,191 |
5.10%, 05/18/26 (a)(b) | 300,000 | 300,518 |
2.65%, 05/19/26 | 250,000 | 238,969 |
5.27%, 08/03/26 (a) | 150,000 | 152,136 |
1.68%, 11/18/27 (a)(b) | 300,000 | 275,324 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.20%, 02/07/28 (a)(b) | 75,000 | 69,654 |
5.82%, 11/04/28 (a)(b) | 185,000 | 192,049 |
5.68%, 11/21/29 (a)(b) | 300,000 | 310,592 |
4.14%, 12/03/29 (a)(b) | 345,000 | 335,380 |
2.40%, 01/24/30 | 250,000 | 223,464 |
2.20%, 03/03/31 | 200,000 | 166,898 |
3.15%, 03/30/31 (a)(b) | 200,000 | 180,557 |
2.62%, 02/07/33 (a)(b) | 300,000 | 253,068 |
4.42%, 05/13/33 (a)(b) | 200,000 | 194,799 |
4.16%, 08/04/33 (a)(b) | 250,000 | 235,852 |
4.82%, 01/26/34 (a)(b) | 200,000 | 197,263 |
3.03%, 11/01/34 (a)(b) | 200,000 | 179,628 |
6.12%, 11/21/34 (a)(b) | 250,000 | 265,738 |
Sumitomo Mitsui Banking Corp. | ||
3.65%, 07/23/25 | 250,000 | 244,484 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.35%, 01/15/25 | 250,000 | 242,703 |
1.47%, 07/08/25 | 750,000 | 710,049 |
5.46%, 01/13/26 | 400,000 | 403,475 |
3.78%, 03/09/26 | 550,000 | 536,537 |
5.88%, 07/13/26 | 250,000 | 255,786 |
2.63%, 07/14/26 | 700,000 | 663,767 |
1.40%, 09/17/26 | 600,000 | 546,487 |
3.01%, 10/19/26 | 400,000 | 381,076 |
3.45%, 01/11/27 | 300,000 | 288,465 |
2.17%, 01/14/27 | 300,000 | 277,572 |
3.36%, 07/12/27 | 600,000 | 571,170 |
5.52%, 01/13/28 | 500,000 | 511,990 |
3.54%, 01/17/28 | 400,000 | 380,948 |
5.80%, 07/13/28 | 300,000 | 310,836 |
3.94%, 07/19/28 | 150,000 | 144,846 |
1.90%, 09/17/28 | 700,000 | 613,219 |
4.31%, 10/16/28 | 450,000 | 439,042 |
3.04%, 07/16/29 | 750,000 | 685,228 |
3.20%, 09/17/29 | 50,000 | 45,505 |
2.72%, 09/27/29 | 200,000 | 177,808 |
5.71%, 01/13/30 | 400,000 | 415,769 |
2.75%, 01/15/30 | 450,000 | 398,263 |
2.13%, 07/08/30 | 450,000 | 379,531 |
2.14%, 09/23/30 | 375,000 | 311,983 |
2.22%, 09/17/31 | 350,000 | 289,117 |
5.77%, 01/13/33 | 500,000 | 528,901 |
5.81%, 09/14/33 | 520,000 | 554,306 |
2.93%, 09/17/41 | 250,000 | 188,140 |
3.05%, 01/14/42 | 50,000 | 38,844 |
6.18%, 07/13/43 | 300,000 | 334,553 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 246,508 |
Synchrony Financial | ||
4.88%, 06/13/25 (a) | 185,000 | 181,897 |
4.50%, 07/23/25 (a) | 300,000 | 293,462 |
3.70%, 08/04/26 (a) | 350,000 | 329,733 |
3.95%, 12/01/27 (a) | 400,000 | 375,530 |
5.15%, 03/19/29 (a) | 200,000 | 194,734 |
2.88%, 10/28/31 (a) | 195,000 | 156,425 |
Synovus Financial Corp. | ||
5.20%, 08/11/25 (a) | 50,000 | 49,176 |
Toronto-Dominion Bank | ||
1.45%, 01/10/25 | 200,000 | 192,841 |
3.77%, 06/06/25 | 525,000 | 516,622 |
1.15%, 06/12/25 | 300,000 | 284,167 |
0.75%, 09/11/25 | 275,000 | 256,729 |
0.75%, 01/06/26 | 375,000 | 346,455 |
5.10%, 01/09/26 | 200,000 | 201,448 |
1.20%, 06/03/26 | 300,000 | 275,591 |
5.53%, 07/17/26 | 500,000 | 509,787 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.25%, 09/10/26 | 400,000 | 365,580 |
1.95%, 01/12/27 | 250,000 | 231,425 |
2.80%, 03/10/27 | 350,000 | 330,790 |
4.11%, 06/08/27 | 500,000 | 491,382 |
4.69%, 09/15/27 | 500,000 | 500,242 |
5.16%, 01/10/28 | 400,000 | 407,321 |
5.52%, 07/17/28 | 300,000 | 309,141 |
2.00%, 09/10/31 | 350,000 | 291,239 |
3.63%, 09/15/31 (a)(b) | 475,000 | 456,654 |
3.20%, 03/10/32 | 450,000 | 399,117 |
4.46%, 06/08/32 | 600,000 | 583,435 |
Truist Bank | ||
1.50%, 03/10/25 (a) | 625,000 | 597,232 |
3.63%, 09/16/25 (a) | 350,000 | 339,085 |
4.05%, 11/03/25 (a) | 150,000 | 147,768 |
3.30%, 05/15/26 (a) | 250,000 | 238,629 |
3.80%, 10/30/26 (a) | 260,000 | 249,127 |
2.25%, 03/11/30 (a) | 500,000 | 415,912 |
Truist Financial Corp. | ||
4.00%, 05/01/25 (a) | 300,000 | 295,014 |
3.70%, 06/05/25 (a) | 230,000 | 225,061 |
1.20%, 08/05/25 (a) | 400,000 | 376,120 |
4.26%, 07/28/26 (a)(b) | 400,000 | 392,295 |
1.27%, 03/02/27 (a)(b) | 300,000 | 275,146 |
6.05%, 06/08/27 (a)(b) | 500,000 | 509,243 |
1.13%, 08/03/27 (a) | 300,000 | 263,452 |
4.12%, 06/06/28 (a)(b) | 300,000 | 289,460 |
4.87%, 01/26/29 (a)(b) | 400,000 | 395,570 |
3.88%, 03/19/29 (a) | 200,000 | 187,495 |
1.89%, 06/07/29 (a)(b) | 375,000 | 324,504 |
7.16%, 10/30/29 (a)(b) | 250,000 | 269,924 |
1.95%, 06/05/30 (a) | 300,000 | 251,040 |
4.92%, 07/28/33 (a)(b) | 300,000 | 280,716 |
5.12%, 01/26/34 (a)(b) | 400,000 | 387,754 |
5.87%, 06/08/34 (a)(b) | 500,000 | 511,172 |
U.S. Bancorp | ||
1.45%, 05/12/25 (a) | 500,000 | 476,658 |
3.95%, 11/17/25 (a) | 345,000 | 339,900 |
3.10%, 04/27/26 (a) | 100,000 | 95,944 |
2.38%, 07/22/26 (a) | 400,000 | 375,766 |
5.73%, 10/21/26 (a)(b) | 400,000 | 402,780 |
3.15%, 04/27/27 (a) | 400,000 | 380,932 |
2.22%, 01/27/28 (a)(b) | 460,000 | 423,089 |
3.90%, 04/26/28 (a) | 350,000 | 338,740 |
4.55%, 07/22/28 (a)(b) | 600,000 | 591,587 |
5.78%, 06/12/29 (a)(b) | 500,000 | 513,870 |
3.00%, 07/30/29 (a) | 25,000 | 22,658 |
1.38%, 07/22/30 (a) | 550,000 | 443,846 |
2.68%, 01/27/33 (a)(b) | 250,000 | 209,081 |
4.97%, 07/22/33 (a)(b) | 475,000 | 451,059 |
5.85%, 10/21/33 (a)(b) | 530,000 | 547,470 |
4.84%, 02/01/34 (a)(b) | 500,000 | 480,019 |
5.84%, 06/12/34 (a)(b) | 500,000 | 516,515 |
2.49%, 11/03/36 (a)(b) | 500,000 | 392,062 |
U.S. Bank NA | ||
2.05%, 01/21/25 (a) | 300,000 | 290,585 |
2.80%, 01/27/25 (a) | 250,000 | 243,514 |
UBS AG | ||
5.80%, 09/11/25 | 300,000 | 303,597 |
1.25%, 06/01/26 | 250,000 | 229,843 |
5.65%, 09/11/28 | 400,000 | 415,205 |
4.50%, 06/26/48 | 250,000 | 246,920 |
UBS Group AG | ||
3.75%, 03/26/25 | 500,000 | 490,010 |
4.55%, 04/17/26 | 625,000 | 617,107 |
4.88%, 05/15/45 | 500,000 | 477,020 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Wachovia Corp. | ||
7.57%, 08/01/26 (e) | 100,000 | 105,914 |
5.50%, 08/01/35 | 200,000 | 202,814 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 150,000 | 139,317 |
Wells Fargo & Co. | ||
3.00%, 02/19/25 | 700,000 | 684,652 |
3.55%, 09/29/25 | 750,000 | 733,565 |
2.16%, 02/11/26 (a)(b) | 900,000 | 866,966 |
3.00%, 04/22/26 | 900,000 | 862,596 |
3.91%, 04/25/26 (a)(b) | 800,000 | 784,729 |
2.19%, 04/30/26 (a)(b) | 850,000 | 815,026 |
4.10%, 06/03/26 | 600,000 | 586,941 |
4.54%, 08/15/26 (a)(b) | 550,000 | 544,671 |
3.00%, 10/23/26 | 1,000,000 | 950,193 |
3.20%, 06/17/27 (a)(b) | 750,000 | 717,745 |
4.30%, 07/22/27 | 700,000 | 685,869 |
3.53%, 03/24/28 (a)(b) | 1,075,000 | 1,026,197 |
3.58%, 05/22/28 (a)(b) | 900,000 | 858,139 |
2.39%, 06/02/28 (a)(b) | 900,000 | 824,907 |
4.81%, 07/25/28 (a)(b) | 975,000 | 968,704 |
4.15%, 01/24/29 (a) | 750,000 | 730,163 |
5.57%, 07/25/29 (a)(b) | 1,000,000 | 1,021,951 |
6.30%, 10/23/29 (a)(b) | 750,000 | 791,667 |
7.95%, 11/15/29 | 100,000 | 112,293 |
2.88%, 10/30/30 (a)(b) | 1,025,000 | 911,341 |
2.57%, 02/11/31 (a)(b) | 1,000,000 | 865,617 |
4.48%, 04/04/31 (a)(b) | 700,000 | 677,557 |
3.35%, 03/02/33 (a)(b) | 1,000,000 | 874,930 |
4.90%, 07/25/33 (a)(b) | 1,200,000 | 1,170,329 |
5.39%, 04/24/34 (a)(b) | 1,000,000 | 1,004,734 |
5.56%, 07/25/34 (a)(b) | 1,150,000 | 1,172,295 |
6.49%, 10/23/34 (a)(b) | 1,050,000 | 1,144,211 |
5.38%, 02/07/35 | 125,000 | 130,211 |
3.07%, 04/30/41 (a)(b) | 1,100,000 | 833,458 |
5.38%, 11/02/43 | 600,000 | 584,793 |
5.61%, 01/15/44 | 600,000 | 599,576 |
4.65%, 11/04/44 | 550,000 | 484,586 |
3.90%, 05/01/45 | 650,000 | 537,397 |
4.90%, 11/17/45 | 585,000 | 533,760 |
4.40%, 06/14/46 | 550,000 | 462,805 |
4.75%, 12/07/46 | 600,000 | 531,189 |
5.01%, 04/04/51 (a)(b) | 1,650,000 | 1,574,168 |
4.61%, 04/25/53 (a)(b) | 925,000 | 836,369 |
5.95%, 12/01/86 | 150,000 | 153,298 |
Wells Fargo Bank NA | ||
5.55%, 08/01/25 (a) | 500,000 | 505,305 |
5.45%, 08/07/26 (a) | 550,000 | 559,293 |
5.25%, 12/11/26 (a) | 670,000 | 678,647 |
5.95%, 08/26/36 | 250,000 | 258,627 |
5.85%, 02/01/37 | 350,000 | 367,843 |
6.60%, 01/15/38 | 210,000 | 234,350 |
Westpac Banking Corp. | ||
2.35%, 02/19/25 | 400,000 | 389,195 |
5.51%, 11/17/25 | 250,000 | 254,190 |
2.85%, 05/13/26 | 500,000 | 480,616 |
1.15%, 06/03/26 | 400,000 | 368,650 |
2.70%, 08/19/26 | 300,000 | 286,637 |
3.35%, 03/08/27 | 575,000 | 554,624 |
5.46%, 11/18/27 | 350,000 | 361,556 |
3.40%, 01/25/28 | 300,000 | 287,222 |
5.54%, 11/17/28 | 300,000 | 311,795 |
1.95%, 11/20/28 | 150,000 | 132,881 |
2.65%, 01/16/30 | 250,000 | 224,192 |
2.89%, 02/04/30 (a)(b) | 400,000 | 385,570 |
2.15%, 06/03/31 | 375,000 | 317,258 |
4.32%, 11/23/31 (a)(b) | 550,000 | 529,341 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.41%, 08/10/33 (a)(b) | 250,000 | 248,555 |
6.82%, 11/17/33 | 200,000 | 217,583 |
4.11%, 07/24/34 (a)(b) | 500,000 | 459,111 |
2.67%, 11/15/35 (a)(b) | 325,000 | 264,743 |
3.02%, 11/18/36 (a)(b) | 250,000 | 203,342 |
4.42%, 07/24/39 | 325,000 | 284,354 |
2.96%, 11/16/40 | 450,000 | 311,606 |
3.13%, 11/18/41 | 300,000 | 209,950 |
Wintrust Financial Corp. | ||
4.85%, 06/06/29 | 100,000 | 91,609 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 250,000 | 205,571 |
431,315,074 | ||
Brokerage/Asset Managers/Exchanges 0.4% | ||
Affiliated Managers Group, Inc. | ||
3.50%, 08/01/25 | 100,000 | 97,080 |
3.30%, 06/15/30 (a) | 125,000 | 111,377 |
Ameriprise Financial, Inc. | ||
3.00%, 04/02/25 (a) | 150,000 | 146,363 |
2.88%, 09/15/26 (a) | 150,000 | 143,672 |
5.70%, 12/15/28 (a) | 175,000 | 183,481 |
5.15%, 05/15/33 (a) | 300,000 | 309,594 |
Apollo Global Management, Inc. | ||
6.38%, 11/15/33 (a) | 150,000 | 161,802 |
BGC Group, Inc. | ||
8.00%, 05/25/28 (a) | 125,000 | 131,491 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 250,000 | 242,327 |
3.25%, 04/30/29 (a) | 400,000 | 384,963 |
2.40%, 04/30/30 (a) | 400,000 | 357,610 |
1.90%, 01/28/31 (a) | 550,000 | 464,416 |
2.10%, 02/25/32 (a) | 100,000 | 83,686 |
Brookfield Capital Finance LLC | ||
6.09%, 06/14/33 (a) | 150,000 | 156,894 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 150,000 | 147,764 |
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. | ||
2.34%, 01/30/32 (a) | 200,000 | 160,287 |
Brookfield Finance LLC/Brookfield Finance, Inc. | ||
3.45%, 04/15/50 (a) | 205,000 | 142,945 |
Brookfield Finance, Inc. | ||
3.90%, 01/25/28 (a) | 385,000 | 370,855 |
4.85%, 03/29/29 (a) | 350,000 | 348,422 |
4.35%, 04/15/30 (a) | 250,000 | 241,164 |
2.72%, 04/15/31 (a) | 50,000 | 42,700 |
6.35%, 01/05/34 (a) | 300,000 | 319,318 |
4.70%, 09/20/47 (a) | 310,000 | 271,084 |
3.50%, 03/30/51 (a) | 200,000 | 146,578 |
3.63%, 02/15/52 (a) | 75,000 | 54,151 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 200,000 | 194,312 |
1.63%, 12/15/30 (a) | 150,000 | 123,596 |
3.00%, 03/16/32 (a) | 100,000 | 88,861 |
Charles Schwab Corp. | ||
3.00%, 03/10/25 (a)(f) | 75,000 | 73,087 |
4.20%, 03/24/25 (a)(f) | 160,000 | 158,246 |
3.63%, 04/01/25 (a)(f) | 100,000 | 98,256 |
3.85%, 05/21/25 (a)(f) | 200,000 | 196,460 |
3.45%, 02/13/26 (a)(f) | 75,000 | 72,745 |
0.90%, 03/11/26 (a)(f) | 325,000 | 298,113 |
1.15%, 05/13/26 (a)(f) | 260,000 | 238,505 |
5.88%, 08/24/26 (a)(f) | 250,000 | 256,543 |
3.20%, 03/02/27 (a)(f) | 175,000 | 167,095 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.45%, 03/03/27 (a)(f) | 400,000 | 372,683 |
3.30%, 04/01/27 (a)(f) | 175,000 | 167,094 |
3.20%, 01/25/28 (a)(f) | 175,000 | 165,327 |
2.00%, 03/20/28 (a)(f) | 335,000 | 298,637 |
4.00%, 02/01/29 (a)(f) | 150,000 | 145,831 |
5.64%, 05/19/29 (a)(b)(f) | 300,000 | 308,395 |
3.25%, 05/22/29 (a)(f) | 155,000 | 145,464 |
2.75%, 10/01/29 (a)(f) | 125,000 | 112,709 |
6.20%, 11/17/29 (a)(b)(f) | 300,000 | 315,410 |
4.63%, 03/22/30 (a)(f) | 130,000 | 130,740 |
1.65%, 03/11/31 (a)(f) | 200,000 | 161,500 |
2.30%, 05/13/31 (a)(f) | 200,000 | 167,286 |
1.95%, 12/01/31 (a)(f) | 230,000 | 185,212 |
2.90%, 03/03/32 (a)(f) | 250,000 | 215,881 |
5.85%, 05/19/34 (a)(b)(f) | 350,000 | 361,466 |
6.14%, 08/24/34 (a)(b)(f) | 350,000 | 369,850 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 315,000 | 249,360 |
4.10%, 06/15/51 (a) | 375,000 | 221,775 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 195,844 |
3.75%, 06/15/28 (a) | 200,000 | 195,812 |
2.65%, 03/15/32 (a) | 225,000 | 200,101 |
5.30%, 09/15/43 (a) | 200,000 | 213,014 |
4.15%, 06/15/48 (a) | 250,000 | 227,506 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 123,000 | 118,181 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 125,000 | 121,706 |
1.60%, 10/30/30 (a) | 250,000 | 204,661 |
2.95%, 08/12/51 (a) | 100,000 | 63,891 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 200,000 | 196,289 |
3.75%, 12/01/25 (a) | 350,000 | 344,069 |
3.10%, 09/15/27 (a) | 200,000 | 190,772 |
4.00%, 09/15/27 (a) | 450,000 | 442,189 |
3.75%, 09/21/28 (a) | 200,000 | 194,670 |
4.35%, 06/15/29 (a) | 275,000 | 274,131 |
2.10%, 06/15/30 (a) | 375,000 | 324,459 |
1.85%, 09/15/32 (a) | 500,000 | 401,525 |
4.60%, 03/15/33 (a) | 575,000 | 574,526 |
2.65%, 09/15/40 (a) | 350,000 | 261,620 |
4.25%, 09/21/48 (a) | 290,000 | 260,650 |
3.00%, 06/15/50 (a) | 375,000 | 269,038 |
4.95%, 06/15/52 (a) | 400,000 | 400,483 |
3.00%, 09/15/60 (a) | 450,000 | 305,362 |
5.20%, 06/15/62 (a) | 300,000 | 307,379 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 230,000 | 224,170 |
5.38%, 11/30/43 | 100,000 | 99,682 |
Janus Henderson U.S. Holdings, Inc. | ||
4.88%, 08/01/25 (a) | 100,000 | 99,016 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 200,000 | 199,388 |
6.45%, 06/08/27 | 100,000 | 104,079 |
5.88%, 07/21/28 (a) | 300,000 | 308,020 |
4.15%, 01/23/30 | 300,000 | 282,249 |
2.63%, 10/15/31 (a) | 325,000 | 270,045 |
2.75%, 10/15/32 (a) | 150,000 | 123,466 |
6.25%, 01/15/36 | 150,000 | 158,138 |
6.50%, 01/20/43 | 75,000 | 79,562 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 50,000 | 48,987 |
3.63%, 03/01/27 (a) | 100,000 | 94,500 |
4.50%, 09/19/28 (a) | 200,000 | 194,985 |
4.38%, 03/11/29 (a) | 150,000 | 146,021 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 150,000 | 149,593 |
5.63%, 01/15/44 | 176,000 | 180,858 |
LPL Holdings, Inc. | ||
6.75%, 11/17/28 (a) | 200,000 | 213,132 |
Nasdaq, Inc. | ||
5.65%, 06/28/25 | 125,000 | 126,275 |
3.85%, 06/30/26 (a) | 150,000 | 146,363 |
5.35%, 06/28/28 (a) | 250,000 | 257,561 |
1.65%, 01/15/31 (a) | 200,000 | 162,445 |
5.55%, 02/15/34 (a) | 350,000 | 364,416 |
2.50%, 12/21/40 (a) | 250,000 | 173,810 |
3.25%, 04/28/50 (a) | 200,000 | 141,701 |
3.95%, 03/07/52 (a) | 300,000 | 238,264 |
5.95%, 08/15/53 (a) | 200,000 | 215,758 |
6.10%, 06/28/63 (a) | 200,000 | 217,491 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 500,000 | 485,099 |
5.10%, 07/03/25 | 200,000 | 198,799 |
1.85%, 07/16/25 | 500,000 | 473,272 |
1.65%, 07/14/26 | 600,000 | 548,937 |
2.33%, 01/22/27 | 500,000 | 458,907 |
2.17%, 07/14/28 | 600,000 | 527,239 |
3.10%, 01/16/30 | 650,000 | 575,188 |
2.68%, 07/16/30 | 400,000 | 340,979 |
2.61%, 07/14/31 | 800,000 | 664,601 |
3.00%, 01/22/32 | 200,000 | 168,887 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 200,000 | 201,746 |
4.95%, 07/15/46 | 200,000 | 187,030 |
3.75%, 04/01/51 (a) | 235,000 | 177,853 |
Stifel Financial Corp. | ||
4.00%, 05/15/30 (a) | 175,000 | 159,386 |
27,756,239 | ||
Finance Companies 0.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.50%, 01/15/25 (a) | 300,000 | 293,678 |
6.50%, 07/15/25 (a) | 425,000 | 431,571 |
4.45%, 10/01/25 (a) | 150,000 | 147,292 |
1.75%, 01/30/26 (a) | 400,000 | 371,966 |
4.45%, 04/03/26 (a) | 150,000 | 147,436 |
2.45%, 10/29/26 (a) | 1,000,000 | 926,571 |
6.10%, 01/15/27 (a) | 200,000 | 204,372 |
6.45%, 04/15/27 (a)(d) | 150,000 | 155,382 |
3.65%, 07/21/27 (a) | 350,000 | 332,966 |
4.63%, 10/15/27 (a) | 200,000 | 196,532 |
3.88%, 01/23/28 (a) | 300,000 | 286,185 |
5.75%, 06/06/28 (a) | 150,000 | 153,707 |
3.00%, 10/29/28 (a) | 1,000,000 | 913,131 |
3.30%, 01/30/32 (a) | 1,635,000 | 1,424,782 |
3.40%, 10/29/33 (a) | 450,000 | 386,806 |
3.85%, 10/29/41 (a) | 460,000 | 371,943 |
Air Lease Corp. | ||
2.30%, 02/01/25 (a) | 250,000 | 241,288 |
3.25%, 03/01/25 (a) | 200,000 | 194,813 |
3.38%, 07/01/25 (a) | 275,000 | 266,444 |
2.88%, 01/15/26 (a) | 325,000 | 309,952 |
3.75%, 06/01/26 (a) | 250,000 | 241,695 |
1.88%, 08/15/26 (a) | 200,000 | 184,337 |
2.20%, 01/15/27 (a) | 250,000 | 229,223 |
3.63%, 04/01/27 (a) | 150,000 | 143,451 |
3.63%, 12/01/27 (a) | 199,000 | 188,584 |
2.10%, 09/01/28 (a) | 200,000 | 175,584 |
4.63%, 10/01/28 (a) | 200,000 | 195,723 |
3.25%, 10/01/29 (a) | 250,000 | 226,327 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 02/01/30 (a) | 300,000 | 266,309 |
3.13%, 12/01/30 (a) | 250,000 | 219,151 |
2.88%, 01/15/32 (a) | 250,000 | 212,074 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 250,000 | 241,976 |
ARES Capital Corp. | ||
4.25%, 03/01/25 (a) | 150,000 | 146,567 |
3.25%, 07/15/25 (a) | 250,000 | 239,599 |
3.88%, 01/15/26 (a) | 350,000 | 336,525 |
2.15%, 07/15/26 (a) | 385,000 | 351,226 |
2.88%, 06/15/27 (a) | 160,000 | 146,452 |
2.88%, 06/15/28 (a) | 350,000 | 310,445 |
3.20%, 11/15/31 (a) | 350,000 | 293,158 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 200,000 | 186,316 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 150,000 | 140,876 |
Blackstone Private Credit Fund | ||
2.70%, 01/15/25 (a) | 200,000 | 193,303 |
4.70%, 03/24/25 | 200,000 | 196,744 |
7.05%, 09/29/25 | 225,000 | 229,223 |
2.63%, 12/15/26 (a) | 310,000 | 280,979 |
3.25%, 03/15/27 (a) | 400,000 | 367,283 |
4.00%, 01/15/29 (a) | 250,000 | 228,513 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 300,000 | 286,741 |
2.75%, 09/16/26 (a) | 200,000 | 183,598 |
2.13%, 02/15/27 (a) | 250,000 | 222,170 |
2.85%, 09/30/28 (a) | 200,000 | 173,597 |
Blue Owl Capital Corp. | ||
4.00%, 03/30/25 (a) | 150,000 | 145,929 |
3.75%, 07/22/25 (a) | 150,000 | 144,016 |
4.25%, 01/15/26 (a) | 200,000 | 193,585 |
3.40%, 07/15/26 (a) | 275,000 | 256,061 |
2.63%, 01/15/27 (a) | 150,000 | 135,442 |
2.88%, 06/11/28 (a) | 250,000 | 219,986 |
Blue Owl Capital Corp. II | ||
8.45%, 11/15/26 (a)(d) | 200,000 | 206,560 |
Blue Owl Capital Corp. III | ||
3.13%, 04/13/27 (a) | 100,000 | 88,871 |
Blue Owl Credit Income Corp. | ||
5.50%, 03/21/25 | 200,000 | 197,325 |
3.13%, 09/23/26 (a) | 150,000 | 137,159 |
4.70%, 02/08/27 (a) | 200,000 | 189,549 |
Blue Owl Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 100,000 | 87,415 |
FS KKR Capital Corp. | ||
4.13%, 02/01/25 (a) | 150,000 | 146,273 |
3.40%, 01/15/26 (a) | 250,000 | 236,938 |
2.63%, 01/15/27 (a) | 100,000 | 89,815 |
3.25%, 07/15/27 (a) | 125,000 | 114,045 |
3.13%, 10/12/28 (a) | 250,000 | 218,513 |
GATX Corp. | ||
3.85%, 03/30/27 (a) | 235,000 | 225,978 |
3.50%, 03/15/28 (a) | 150,000 | 141,232 |
4.55%, 11/07/28 (a) | 250,000 | 245,500 |
4.70%, 04/01/29 (a) | 255,000 | 253,158 |
4.00%, 06/30/30 (a) | 50,000 | 47,017 |
1.90%, 06/01/31 (a) | 100,000 | 79,888 |
3.50%, 06/01/32 (a) | 100,000 | 87,619 |
6.90%, 05/01/34 (a) | 150,000 | 165,490 |
5.20%, 03/15/44 (a) | 200,000 | 188,264 |
3.10%, 06/01/51 (a) | 150,000 | 99,499 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 150,000 | 147,058 |
2.88%, 01/15/26 (a) | 100,000 | 95,087 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 200,000 | 181,814 |
2.05%, 02/15/27 (a) | 100,000 | 88,254 |
Hercules Capital, Inc. | ||
3.38%, 01/20/27 (a) | 225,000 | 204,895 |
Main Street Capital Corp. | ||
3.00%, 07/14/26 (a) | 150,000 | 137,225 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 150,000 | 144,773 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 100,000 | 96,812 |
2.70%, 01/15/27 (a) | 100,000 | 89,652 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 125,000 | 117,659 |
3.36%, 11/15/26 (a) | 200,000 | 180,177 |
3.44%, 10/15/28 (a) | 25,000 | 21,079 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 300,000 | 274,370 |
20,914,548 | ||
Financial Other 0.0% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 50,000 | 44,270 |
ORIX Corp. | ||
3.70%, 07/18/27 | 143,000 | 137,845 |
5.00%, 09/13/27 | 150,000 | 151,450 |
2.25%, 03/09/31 (c) | 190,000 | 162,491 |
5.20%, 09/13/32 | 200,000 | 206,655 |
702,711 | ||
Insurance 1.1% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 135,000 | 159,500 |
Aegon Ltd. | ||
5.50%, 04/11/48 (a)(b) | 350,000 | 333,638 |
Aetna, Inc. | ||
6.63%, 06/15/36 | 215,000 | 241,121 |
6.75%, 12/15/37 | 150,000 | 168,758 |
4.50%, 05/15/42 (a) | 200,000 | 177,129 |
4.13%, 11/15/42 (a) | 150,000 | 124,987 |
4.75%, 03/15/44 (a) | 125,000 | 112,713 |
3.88%, 08/15/47 (a) | 240,000 | 188,191 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 150,000 | 138,516 |
3.60%, 04/01/30 (a) | 250,000 | 236,362 |
4.00%, 10/15/46 (a) | 150,000 | 123,204 |
4.75%, 01/15/49 (a) | 150,000 | 141,383 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 200,000 | 189,382 |
3.25%, 08/15/51 (a) | 200,000 | 151,865 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 200,000 | 195,063 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 300,000 | 277,029 |
3.28%, 12/15/26 (a) | 150,000 | 144,984 |
1.45%, 12/15/30 (a) | 215,000 | 174,223 |
5.35%, 06/01/33 | 104,000 | 107,044 |
5.55%, 05/09/35 | 200,000 | 208,018 |
5.95%, 04/01/36 | 200,000 | 214,228 |
4.50%, 06/15/43 | 100,000 | 90,068 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 12/15/46 (a) | 276,000 | 234,896 |
3.85%, 08/10/49 (a) | 150,000 | 121,357 |
6.50%, 05/15/67 (a)(b) | 130,000 | 129,672 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a)(c) | 125,000 | 120,140 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 100,000 | 100,536 |
4.50%, 06/15/47 (a) | 200,000 | 169,190 |
American International Group, Inc. | ||
3.40%, 06/30/30 (a) | 100,000 | 92,100 |
5.13%, 03/27/33 (a) | 250,000 | 253,908 |
3.88%, 01/15/35 (a) | 75,000 | 68,036 |
6.25%, 05/01/36 | 150,000 | 159,927 |
4.50%, 07/16/44 (a) | 200,000 | 181,185 |
4.80%, 07/10/45 (a) | 275,000 | 259,902 |
4.75%, 04/01/48 (a) | 275,000 | 260,629 |
5.75%, 04/01/48 (a)(b) | 335,000 | 331,429 |
4.38%, 06/30/50 (a) | 300,000 | 268,761 |
Aon Corp. | ||
8.21%, 01/01/27 | 150,000 | 160,237 |
4.50%, 12/15/28 (a) | 100,000 | 98,836 |
3.75%, 05/02/29 (a) | 100,000 | 95,736 |
2.80%, 05/15/30 (a) | 325,000 | 288,481 |
6.25%, 09/30/40 | 150,000 | 162,552 |
Aon Corp./Aon Global Holdings PLC | ||
2.05%, 08/23/31 (a) | 200,000 | 163,607 |
5.00%, 09/12/32 (a) | 150,000 | 150,363 |
2.90%, 08/23/51 (a) | 200,000 | 131,765 |
3.90%, 02/28/52 (a) | 250,000 | 198,811 |
Aon Global Ltd. | ||
3.88%, 12/15/25 (a) | 500,000 | 489,972 |
4.60%, 06/14/44 (a) | 200,000 | 179,978 |
4.75%, 05/15/45 (a) | 200,000 | 184,983 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 200,000 | 194,351 |
5.03%, 12/15/46 (a) | 150,000 | 140,665 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 300,000 | 229,876 |
Arch Capital Group U.S., Inc. | ||
5.14%, 11/01/43 | 175,000 | 166,823 |
Arthur J Gallagher & Co. | ||
5.50%, 03/02/33 (a) | 100,000 | 101,996 |
6.50%, 02/15/34 (a) | 125,000 | 137,027 |
3.50%, 05/20/51 (a) | 300,000 | 222,968 |
3.05%, 03/09/52 (a) | 150,000 | 101,035 |
5.75%, 03/02/53 (a) | 250,000 | 256,375 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 100,000 | 99,116 |
3.70%, 02/22/30 (a) | 100,000 | 90,299 |
2.65%, 01/15/32 (a) | 150,000 | 121,896 |
Assured Guaranty U.S. Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 200,000 | 177,307 |
3.60%, 09/15/51 (a) | 125,000 | 90,102 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 350,000 | 335,215 |
6.15%, 04/03/30 (a) | 100,000 | 103,470 |
3.50%, 01/15/31 (a) | 175,000 | 154,512 |
6.65%, 02/01/33 (a) | 125,000 | 133,010 |
5.88%, 01/15/34 (a) | 100,000 | 101,076 |
AXA SA | ||
8.60%, 12/15/30 | 200,000 | 240,890 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 120,000 | 113,982 |
4.90%, 01/15/40 (a)(b) | 125,000 | 104,342 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 150,000 | 144,044 |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a) | 250,000 | 236,681 |
1.85%, 03/12/30 (a) | 150,000 | 130,759 |
1.45%, 10/15/30 (a) | 300,000 | 253,188 |
2.88%, 03/15/32 (a) | 200,000 | 180,548 |
5.75%, 01/15/40 | 250,000 | 283,910 |
4.40%, 05/15/42 | 500,000 | 483,444 |
4.30%, 05/15/43 | 100,000 | 93,997 |
4.20%, 08/15/48 (a) | 650,000 | 599,775 |
4.25%, 01/15/49 (a) | 600,000 | 560,427 |
2.85%, 10/15/50 (a) | 375,000 | 263,724 |
2.50%, 01/15/51 (a) | 300,000 | 196,281 |
3.85%, 03/15/52 (a) | 800,000 | 671,346 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 650,000 | 632,257 |
4.50%, 02/11/43 | 50,000 | 48,722 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 250,000 | 236,732 |
5.63%, 05/15/30 (a) | 200,000 | 203,090 |
4.70%, 06/22/47 (a) | 335,000 | 266,651 |
3.85%, 12/22/51 (a) | 125,000 | 82,689 |
Brown & Brown, Inc. | ||
4.50%, 03/15/29 (a) | 50,000 | 48,832 |
2.38%, 03/15/31 (a) | 200,000 | 164,336 |
4.20%, 03/17/32 (a) | 185,000 | 169,569 |
4.95%, 03/17/52 (a) | 200,000 | 178,126 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 715,000 | 691,047 |
2.45%, 07/15/28 (a) | 700,000 | 625,359 |
4.63%, 12/15/29 (a) | 1,000,000 | 962,200 |
3.38%, 02/15/30 (a) | 500,000 | 449,043 |
3.00%, 10/15/30 (a) | 600,000 | 522,630 |
2.50%, 03/01/31 (a) | 600,000 | 500,702 |
2.63%, 08/01/31 (a) | 400,000 | 334,092 |
Chubb Corp. | ||
6.00%, 05/11/37 | 200,000 | 221,577 |
6.50%, 05/15/38 | 260,000 | 301,793 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 200,000 | 195,737 |
3.35%, 05/03/26 (a) | 425,000 | 413,681 |
1.38%, 09/15/30 (a) | 350,000 | 288,622 |
4.35%, 11/03/45 (a) | 400,000 | 376,417 |
2.85%, 12/15/51 (a) | 150,000 | 109,115 |
3.05%, 12/15/61 (a) | 320,000 | 229,925 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 200,000 | 214,849 |
6.13%, 11/01/34 | 50,000 | 52,540 |
CNA Financial Corp. | ||
4.50%, 03/01/26 (a) | 210,000 | 207,940 |
3.45%, 08/15/27 (a) | 150,000 | 143,688 |
3.90%, 05/01/29 (a) | 25,000 | 23,951 |
2.05%, 08/15/30 (a) | 250,000 | 209,240 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 50,000 | 49,760 |
5.25%, 05/30/29 (a) | 220,000 | 218,086 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a) | 250,000 | 243,997 |
3.65%, 04/05/27 (a) | 400,000 | 385,449 |
3.85%, 04/05/29 (a) | 400,000 | 378,036 |
3.90%, 04/05/32 (a) | 650,000 | 589,359 |
4.35%, 04/05/42 (a) | 150,000 | 127,415 |
4.40%, 04/05/52 (a) | 350,000 | 294,507 |
6.88%, 12/15/52 (a)(b) | 130,000 | 129,817 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Elevance Health, Inc. | ||
2.38%, 01/15/25 (a) | 550,000 | 534,552 |
5.35%, 10/15/25 (a) | 200,000 | 201,491 |
1.50%, 03/15/26 (a) | 250,000 | 233,261 |
3.65%, 12/01/27 (a) | 500,000 | 485,424 |
4.10%, 03/01/28 (a) | 350,000 | 345,047 |
2.88%, 09/15/29 (a) | 210,000 | 192,620 |
2.25%, 05/15/30 (a) | 350,000 | 303,656 |
2.55%, 03/15/31 (a) | 300,000 | 260,631 |
4.10%, 05/15/32 (a) | 50,000 | 47,768 |
5.50%, 10/15/32 (a) | 200,000 | 209,423 |
4.75%, 02/15/33 (a) | 250,000 | 250,401 |
5.95%, 12/15/34 | 100,000 | 107,644 |
5.85%, 01/15/36 | 100,000 | 107,028 |
6.38%, 06/15/37 | 50,000 | 55,584 |
4.63%, 05/15/42 | 225,000 | 210,163 |
4.65%, 01/15/43 | 300,000 | 278,224 |
5.10%, 01/15/44 | 200,000 | 196,063 |
4.65%, 08/15/44 (a) | 250,000 | 232,279 |
4.38%, 12/01/47 (a) | 425,000 | 380,562 |
4.55%, 03/01/48 (a) | 250,000 | 228,382 |
3.70%, 09/15/49 (a) | 250,000 | 198,912 |
3.13%, 05/15/50 (a) | 300,000 | 217,493 |
3.60%, 03/15/51 (a) | 250,000 | 196,640 |
4.55%, 05/15/52 (a) | 235,000 | 215,037 |
6.10%, 10/15/52 (a) | 200,000 | 227,608 |
5.13%, 02/15/53 (a) | 250,000 | 250,741 |
Enstar Finance LLC | ||
5.50%, 01/15/42 (a)(b) | 75,000 | 63,907 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 150,000 | 146,652 |
3.10%, 09/01/31 (a) | 175,000 | 143,040 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 650,000 | 629,157 |
5.00%, 04/20/48 (a) | 550,000 | 513,145 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 115,000 | 106,066 |
3.50%, 10/15/50 (a) | 325,000 | 240,865 |
3.13%, 10/15/52 (a) | 315,000 | 216,371 |
F&G Annuities & Life, Inc. | ||
7.40%, 01/13/28 (a) | 150,000 | 154,794 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 250,000 | 246,792 |
4.63%, 04/29/30 (a) | 300,000 | 289,011 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 150,000 | 146,331 |
3.40%, 06/15/30 (a) | 200,000 | 179,671 |
2.45%, 03/15/31 (a) | 200,000 | 165,916 |
3.20%, 09/17/51 (a) | 100,000 | 63,848 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 150,000 | 136,031 |
2.40%, 08/15/31 (a) | 200,000 | 158,342 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 170,000 | 168,995 |
2.15%, 08/15/30 (a) | 200,000 | 168,474 |
4.80%, 06/15/32 (a) | 100,000 | 97,442 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 150,000 | 147,572 |
2.50%, 09/01/30 (a) | 100,000 | 82,458 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 145,000 | 132,041 |
5.95%, 10/15/36 | 200,000 | 212,902 |
6.10%, 10/01/41 | 150,000 | 160,821 |
4.40%, 03/15/48 (a) | 75,000 | 65,798 |
3.60%, 08/19/49 (a) | 300,000 | 232,432 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Humana, Inc. | ||
4.50%, 04/01/25 (a) | 250,000 | 248,197 |
5.70%, 03/13/26 (a) | 50,000 | 50,046 |
1.35%, 02/03/27 (a) | 250,000 | 225,736 |
3.95%, 03/15/27 (a) | 150,000 | 146,829 |
5.75%, 03/01/28 (a) | 250,000 | 260,145 |
3.70%, 03/23/29 (a) | 275,000 | 264,887 |
3.13%, 08/15/29 (a) | 100,000 | 92,879 |
4.88%, 04/01/30 (a) | 250,000 | 253,343 |
2.15%, 02/03/32 (a) | 250,000 | 206,049 |
5.95%, 03/15/34 (a) | 250,000 | 267,907 |
4.63%, 12/01/42 (a) | 125,000 | 114,670 |
4.95%, 10/01/44 (a) | 250,000 | 237,532 |
4.80%, 03/15/47 (a) | 150,000 | 139,981 |
3.95%, 08/15/49 (a) | 150,000 | 123,889 |
5.50%, 03/15/53 (a) | 225,000 | 233,531 |
Jackson Financial, Inc. | ||
5.17%, 06/08/27 (a) | 120,000 | 120,024 |
3.13%, 11/23/31 (a) | 150,000 | 126,314 |
5.67%, 06/08/32 (a) | 100,000 | 101,910 |
4.00%, 11/23/51 (a) | 150,000 | 107,309 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 115,000 | 112,753 |
2.40%, 09/30/30 (a) | 300,000 | 235,138 |
Lincoln National Corp. | ||
3.35%, 03/09/25 | 100,000 | 97,607 |
3.63%, 12/12/26 (a) | 104,000 | 101,131 |
3.80%, 03/01/28 (a) | 150,000 | 144,176 |
3.05%, 01/15/30 (a) | 150,000 | 132,650 |
3.40%, 01/15/31 (a)(c) | 150,000 | 134,664 |
6.30%, 10/09/37 | 150,000 | 159,420 |
7.00%, 06/15/40 | 150,000 | 169,339 |
4.35%, 03/01/48 (a) | 200,000 | 159,869 |
4.38%, 06/15/50 (a) | 50,000 | 39,943 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 150,000 | 146,399 |
3.20%, 05/15/30 (a) | 150,000 | 137,668 |
6.00%, 02/01/35 | 100,000 | 109,205 |
4.13%, 05/15/43 (a) | 150,000 | 133,765 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 350,000 | 345,915 |
2.48%, 05/19/27 (a)(c) | 125,000 | 116,089 |
4.06%, 02/24/32 (a)(b) | 300,000 | 284,040 |
3.70%, 03/16/32 (a) | 150,000 | 140,869 |
5.38%, 03/04/46 | 150,000 | 152,767 |
Markel Group, Inc. | ||
3.50%, 11/01/27 (a) | 100,000 | 95,300 |
3.35%, 09/17/29 (a) | 100,000 | 91,739 |
5.00%, 04/05/46 | 100,000 | 90,956 |
4.30%, 11/01/47 (a) | 100,000 | 82,287 |
5.00%, 05/20/49 (a) | 200,000 | 186,144 |
4.15%, 09/17/50 (a) | 200,000 | 163,396 |
3.45%, 05/07/52 (a) | 150,000 | 107,526 |
Marsh & McLennan Cos., Inc. | ||
3.50%, 03/10/25 (a) | 250,000 | 245,731 |
3.75%, 03/14/26 (a) | 250,000 | 245,437 |
4.38%, 03/15/29 (a) | 550,000 | 547,844 |
2.25%, 11/15/30 (a) | 375,000 | 324,253 |
5.75%, 11/01/32 (a) | 150,000 | 161,823 |
4.75%, 03/15/39 (a) | 250,000 | 243,603 |
4.35%, 01/30/47 (a) | 200,000 | 179,778 |
4.20%, 03/01/48 (a) | 100,000 | 87,623 |
4.90%, 03/15/49 (a) | 475,000 | 460,092 |
2.90%, 12/15/51 (a) | 100,000 | 67,512 |
5.70%, 09/15/53 (a) | 275,000 | 299,123 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 150,000 | 143,776 |
MetLife, Inc. | ||
3.00%, 03/01/25 | 110,000 | 107,635 |
4.55%, 03/23/30 (a) | 400,000 | 402,810 |
6.50%, 12/15/32 | 500,000 | 568,629 |
5.70%, 06/15/35 | 400,000 | 430,694 |
5.88%, 02/06/41 | 300,000 | 328,260 |
4.13%, 08/13/42 | 475,000 | 422,263 |
4.88%, 11/13/43 | 100,000 | 97,734 |
4.72%, 12/15/44 (e) | 350,000 | 330,606 |
4.05%, 03/01/45 | 150,000 | 130,634 |
4.60%, 05/13/46 (a) | 300,000 | 286,052 |
5.00%, 07/15/52 (a) | 300,000 | 298,729 |
5.25%, 01/15/54 (a) | 75,000 | 77,248 |
6.40%, 12/15/66 (a) | 400,000 | 412,866 |
10.75%, 08/01/69 (a)(b) | 100,000 | 135,506 |
Munich Re America Corp. | ||
7.45%, 12/15/26 | 25,000 | 26,968 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/87 (b) | 115,000 | 112,394 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 150,000 | 144,673 |
3.85%, 06/11/51 (a) | 190,000 | 140,107 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 160,000 | 151,749 |
4.50%, 10/01/50 (a)(b) | 150,000 | 129,794 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 250,000 | 212,028 |
Principal Financial Group, Inc. | ||
3.10%, 11/15/26 (a) | 150,000 | 143,129 |
3.70%, 05/15/29 (a) | 250,000 | 235,983 |
2.13%, 06/15/30 (a) | 260,000 | 220,057 |
4.63%, 09/15/42 | 200,000 | 182,874 |
4.35%, 05/15/43 | 160,000 | 141,952 |
4.30%, 11/15/46 (a) | 250,000 | 213,009 |
Progressive Corp. | ||
4.00%, 03/01/29 (a) | 360,000 | 355,503 |
3.20%, 03/26/30 (a) | 275,000 | 254,756 |
3.00%, 03/15/32 (a) | 150,000 | 133,994 |
6.25%, 12/01/32 | 210,000 | 234,393 |
4.35%, 04/25/44 | 150,000 | 134,633 |
3.70%, 01/26/45 | 150,000 | 120,874 |
4.13%, 04/15/47 (a) | 350,000 | 309,203 |
4.20%, 03/15/48 (a) | 125,000 | 111,753 |
3.95%, 03/26/50 (a) | 150,000 | 127,536 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 200,000 | 186,669 |
3.88%, 03/27/28 (a) | 92,000 | 89,825 |
2.10%, 03/10/30 (a) | 150,000 | 131,498 |
5.75%, 07/15/33 | 100,000 | 109,360 |
5.70%, 12/14/36 | 90,000 | 97,470 |
6.63%, 12/01/37 | 100,000 | 115,445 |
3.00%, 03/10/40 (a) | 230,000 | 179,214 |
4.60%, 05/15/44 | 200,000 | 186,793 |
5.38%, 05/15/45 (a)(b) | 300,000 | 296,874 |
4.50%, 09/15/47 (a)(b) | 300,000 | 280,532 |
3.91%, 12/07/47 (a) | 350,000 | 287,206 |
4.42%, 03/27/48 (a) | 225,000 | 199,077 |
5.70%, 09/15/48 (a)(b) | 300,000 | 292,305 |
3.94%, 12/07/49 (a) | 380,000 | 313,653 |
4.35%, 02/25/50 (a) | 250,000 | 222,558 |
3.70%, 10/01/50 (a)(b) | 250,000 | 217,020 |
3.70%, 03/13/51 (a) | 450,000 | 357,557 |
5.13%, 03/01/52 (a)(b) | 300,000 | 282,112 |
6.00%, 09/01/52 (a)(b) | 300,000 | 299,362 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Prudential Funding Asia PLC | ||
3.13%, 04/14/30 | 300,000 | 270,200 |
3.63%, 03/24/32 (a) | 150,000 | 135,433 |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 100,000 | 100,171 |
4.88%, 03/15/27 (a) | 200,000 | 194,939 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 200,000 | 191,024 |
3.15%, 06/15/30 (a) | 200,000 | 180,019 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 100,000 | 97,810 |
3.45%, 07/01/27 (a) | 150,000 | 142,028 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 275,000 | 256,356 |
Selective Insurance Group, Inc. | ||
5.38%, 03/01/49 (a) | 100,000 | 97,446 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 150,000 | 117,375 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 121,000 | 157,627 |
Travelers Cos., Inc. | ||
6.75%, 06/20/36 | 50,000 | 59,028 |
6.25%, 06/15/37 | 375,000 | 426,194 |
5.35%, 11/01/40 | 200,000 | 209,503 |
4.60%, 08/01/43 | 200,000 | 191,418 |
4.30%, 08/25/45 (a) | 200,000 | 179,952 |
3.75%, 05/15/46 (a) | 200,000 | 166,127 |
4.00%, 05/30/47 (a) | 175,000 | 151,112 |
4.10%, 03/04/49 (a) | 150,000 | 130,949 |
2.55%, 04/27/50 (a) | 225,000 | 149,211 |
3.05%, 06/08/51 (a) | 275,000 | 203,195 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 200,000 | 229,030 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 110,000 | 108,826 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 650,000 | 641,024 |
5.15%, 10/15/25 | 400,000 | 404,899 |
3.70%, 12/15/25 | 100,000 | 98,434 |
1.25%, 01/15/26 | 225,000 | 210,885 |
3.10%, 03/15/26 | 350,000 | 340,289 |
1.15%, 05/15/26 (a) | 300,000 | 278,110 |
3.45%, 01/15/27 | 250,000 | 244,542 |
2.95%, 10/15/27 | 100,000 | 95,107 |
5.25%, 02/15/28 (a) | 300,000 | 310,468 |
3.85%, 06/15/28 | 450,000 | 441,048 |
3.88%, 12/15/28 | 350,000 | 342,998 |
4.00%, 05/15/29 (a) | 250,000 | 246,406 |
2.88%, 08/15/29 | 300,000 | 278,769 |
5.30%, 02/15/30 (a) | 400,000 | 418,885 |
2.00%, 05/15/30 | 400,000 | 346,002 |
2.30%, 05/15/31 (a) | 400,000 | 346,775 |
4.20%, 05/15/32 (a) | 375,000 | 367,064 |
5.35%, 02/15/33 (a) | 500,000 | 529,029 |
4.50%, 04/15/33 (a) | 400,000 | 397,080 |
4.63%, 07/15/35 | 350,000 | 352,544 |
5.80%, 03/15/36 | 250,000 | 273,763 |
6.50%, 06/15/37 | 175,000 | 206,062 |
6.63%, 11/15/37 | 200,000 | 235,318 |
6.88%, 02/15/38 | 300,000 | 363,113 |
3.50%, 08/15/39 (a) | 350,000 | 298,049 |
2.75%, 05/15/40 (a) | 300,000 | 227,482 |
5.70%, 10/15/40 (a) | 100,000 | 107,863 |
5.95%, 02/15/41 (a) | 150,000 | 165,130 |
3.05%, 05/15/41 (a) | 400,000 | 313,304 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.63%, 11/15/41 (a) | 173,000 | 165,853 |
4.38%, 03/15/42 (a) | 150,000 | 139,269 |
3.95%, 10/15/42 (a) | 175,000 | 153,576 |
4.75%, 07/15/45 | 700,000 | 680,360 |
4.20%, 01/15/47 (a) | 200,000 | 177,994 |
4.25%, 04/15/47 (a) | 250,000 | 223,716 |
3.75%, 10/15/47 (a) | 325,000 | 268,221 |
4.25%, 06/15/48 (a) | 450,000 | 403,329 |
4.45%, 12/15/48 (a) | 350,000 | 320,932 |
3.70%, 08/15/49 (a) | 370,000 | 301,465 |
2.90%, 05/15/50 (a) | 475,000 | 333,686 |
3.25%, 05/15/51 (a) | 650,000 | 493,933 |
4.75%, 05/15/52 (a) | 550,000 | 529,421 |
5.88%, 02/15/53 (a) | 500,000 | 566,481 |
5.05%, 04/15/53 (a) | 500,000 | 506,155 |
3.88%, 08/15/59 (a) | 350,000 | 286,132 |
3.13%, 05/15/60 (a) | 250,000 | 177,955 |
4.95%, 05/15/62 (a) | 275,000 | 270,466 |
6.05%, 02/15/63 (a) | 400,000 | 462,782 |
5.20%, 04/15/63 (a) | 500,000 | 511,622 |
Unum Group | ||
4.00%, 06/15/29 (a) | 150,000 | 142,469 |
5.75%, 08/15/42 | 150,000 | 146,433 |
4.50%, 12/15/49 (a) | 200,000 | 158,600 |
4.13%, 06/15/51 (a) | 150,000 | 112,608 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 150,000 | 145,144 |
5.70%, 07/15/43 | 125,000 | 124,340 |
4.80%, 06/15/46 | 75,000 | 65,488 |
4.70%, 01/23/48 (a)(b) | 100,000 | 82,726 |
W R Berkley Corp. | ||
4.75%, 08/01/44 | 100,000 | 89,855 |
4.00%, 05/12/50 (a) | 150,000 | 120,295 |
3.55%, 03/30/52 (a) | 150,000 | 108,972 |
3.15%, 09/30/61 (a) | 100,000 | 63,280 |
Willis North America, Inc. | ||
4.65%, 06/15/27 (a) | 200,000 | 198,376 |
4.50%, 09/15/28 (a) | 250,000 | 243,835 |
2.95%, 09/15/29 (a) | 200,000 | 179,545 |
5.35%, 05/15/33 (a) | 200,000 | 202,300 |
5.05%, 09/15/48 (a) | 150,000 | 139,898 |
3.88%, 09/15/49 (a) | 150,000 | 116,182 |
XL Group Ltd. | ||
5.25%, 12/15/43 | 250,000 | 242,402 |
84,117,535 | ||
REITs 0.6% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 150,000 | 130,465 |
2.90%, 10/01/30 (a) | 250,000 | 215,890 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 25,000 | 24,442 |
4.30%, 01/15/26 (a) | 150,000 | 147,707 |
3.80%, 04/15/26 (a) | 115,000 | 112,025 |
3.95%, 01/15/28 (a) | 150,000 | 143,925 |
4.50%, 07/30/29 (a) | 100,000 | 97,447 |
2.75%, 12/15/29 (a) | 270,000 | 238,433 |
4.70%, 07/01/30 (a) | 150,000 | 147,259 |
4.90%, 12/15/30 (a) | 250,000 | 250,763 |
3.38%, 08/15/31 (a) | 230,000 | 207,726 |
2.00%, 05/18/32 (a) | 210,000 | 168,516 |
1.88%, 02/01/33 (a) | 350,000 | 273,217 |
2.95%, 03/15/34 (a) | 300,000 | 250,689 |
4.85%, 04/15/49 (a) | 100,000 | 89,131 |
4.00%, 02/01/50 (a) | 200,000 | 158,480 |
3.00%, 05/18/51 (a) | 200,000 | 133,000 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.55%, 03/15/52 (a) | 250,000 | 182,872 |
5.15%, 04/15/53 (a) | 150,000 | 145,181 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 150,000 | 122,553 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 140,000 | 136,027 |
4.90%, 02/15/29 (a) | 100,000 | 99,203 |
2.38%, 07/15/31 (a) | 100,000 | 82,683 |
3.63%, 04/15/32 (a) | 150,000 | 134,676 |
3.38%, 07/15/51 (a) | 125,000 | 86,093 |
4.30%, 04/15/52 (a) | 100,000 | 81,303 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25 (a) | 200,000 | 195,967 |
2.95%, 05/11/26 (a) | 125,000 | 120,018 |
2.90%, 10/15/26 (a) | 100,000 | 95,411 |
3.35%, 05/15/27 (a) | 200,000 | 191,601 |
3.20%, 01/15/28 (a) | 150,000 | 142,543 |
1.90%, 12/01/28 (a) | 150,000 | 132,556 |
3.30%, 06/01/29 (a) | 250,000 | 233,724 |
2.30%, 03/01/30 (a) | 250,000 | 218,396 |
2.45%, 01/15/31 (a) | 200,000 | 172,551 |
2.05%, 01/15/32 (a) | 200,000 | 167,666 |
3.90%, 10/15/46 (a) | 150,000 | 123,037 |
4.35%, 04/15/48 (a) | 100,000 | 85,328 |
Boston Properties LP | ||
3.20%, 01/15/25 (a) | 375,000 | 364,716 |
3.65%, 02/01/26 (a) | 200,000 | 192,722 |
2.75%, 10/01/26 (a) | 225,000 | 208,960 |
6.75%, 12/01/27 (a) | 100,000 | 104,932 |
4.50%, 12/01/28 (a) | 300,000 | 285,928 |
3.40%, 06/21/29 (a) | 350,000 | 314,897 |
2.90%, 03/15/30 (a) | 200,000 | 171,453 |
3.25%, 01/30/31 (a) | 383,000 | 329,274 |
2.55%, 04/01/32 (a) | 250,000 | 199,454 |
2.45%, 10/01/33 (a) | 475,000 | 362,225 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 250,000 | 244,913 |
4.13%, 06/15/26 (a) | 50,000 | 48,500 |
3.90%, 03/15/27 (a) | 150,000 | 143,144 |
4.13%, 05/15/29 (a) | 250,000 | 238,393 |
4.05%, 07/01/30 (a) | 225,000 | 211,617 |
2.50%, 08/16/31 (a) | 225,000 | 189,200 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 150,000 | 116,897 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 150,000 | 146,099 |
3.15%, 07/01/29 (a) | 116,000 | 107,368 |
2.80%, 05/15/30 (a) | 250,000 | 224,663 |
3.35%, 11/01/49 (a) | 100,000 | 75,123 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 150,000 | 140,294 |
2.00%, 01/15/29 (a) | 200,000 | 167,078 |
2.75%, 04/15/31 (a) | 200,000 | 163,488 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 150,000 | 146,492 |
3.13%, 09/01/26 (a) | 200,000 | 190,097 |
4.38%, 02/15/29 (a) | 118,000 | 114,698 |
3.00%, 02/15/30 (a) | 100,000 | 88,945 |
2.00%, 02/15/31 (a) | 250,000 | 204,439 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 370,000 | 357,178 |
5.55%, 01/15/28 (a) | 350,000 | 357,173 |
4.45%, 07/15/28 (a) | 50,000 | 49,014 |
3.60%, 07/01/29 (a) | 225,000 | 211,893 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
EPR Properties | ||
4.75%, 12/15/26 (a) | 150,000 | 144,057 |
4.50%, 06/01/27 (a) | 150,000 | 141,242 |
4.95%, 04/15/28 (a) | 200,000 | 190,725 |
3.75%, 08/15/29 (a) | 200,000 | 176,445 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 150,000 | 146,870 |
2.85%, 11/01/26 (a) | 150,000 | 142,615 |
3.25%, 08/01/27 (a) | 150,000 | 142,856 |
3.50%, 03/01/28 (a) | 200,000 | 191,518 |
4.15%, 12/01/28 (a) | 70,000 | 68,789 |
3.00%, 07/01/29 (a) | 200,000 | 184,963 |
2.50%, 02/15/30 (a) | 200,000 | 177,305 |
4.50%, 07/01/44 (a) | 200,000 | 178,063 |
4.50%, 06/01/45 (a) | 125,000 | 108,479 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 150,000 | 118,151 |
Essex Portfolio LP | ||
3.50%, 04/01/25 (a) | 150,000 | 146,952 |
3.38%, 04/15/26 (a) | 30,000 | 28,963 |
3.63%, 05/01/27 (a) | 150,000 | 143,297 |
1.70%, 03/01/28 (a) | 100,000 | 87,799 |
4.00%, 03/01/29 (a) | 250,000 | 238,778 |
3.00%, 01/15/30 (a) | 150,000 | 133,929 |
1.65%, 01/15/31 (a) | 150,000 | 119,477 |
2.65%, 03/15/32 (a) | 250,000 | 209,731 |
4.50%, 03/15/48 (a) | 114,000 | 98,062 |
2.65%, 09/01/50 (a) | 50,000 | 30,404 |
Extra Space Storage LP | ||
3.50%, 07/01/26 (a) | 100,000 | 96,329 |
3.88%, 12/15/27 (a) | 200,000 | 191,953 |
3.90%, 04/01/29 (a) | 200,000 | 189,946 |
4.00%, 06/15/29 (a) | 150,000 | 143,419 |
5.50%, 07/01/30 (a) | 200,000 | 204,700 |
2.20%, 10/15/30 (a) | 300,000 | 250,066 |
2.55%, 06/01/31 (a) | 150,000 | 124,842 |
2.35%, 03/15/32 (a) | 200,000 | 163,287 |
Federal Realty OP LP | ||
1.25%, 02/15/26 (a) | 150,000 | 138,488 |
3.25%, 07/15/27 (a) | 200,000 | 187,453 |
5.38%, 05/01/28 (a) | 100,000 | 101,079 |
3.20%, 06/15/29 (a) | 100,000 | 91,006 |
4.50%, 12/01/44 (a) | 200,000 | 167,596 |
Healthcare Realty Holdings LP | ||
3.50%, 08/01/26 (a) | 200,000 | 191,127 |
3.75%, 07/01/27 (a) | 175,000 | 165,891 |
3.10%, 02/15/30 (a) | 250,000 | 219,223 |
Healthpeak OP LLC | ||
3.40%, 02/01/25 (a) | 150,000 | 146,580 |
4.00%, 06/01/25 (a) | 150,000 | 147,223 |
3.25%, 07/15/26 (a) | 250,000 | 240,462 |
3.50%, 07/15/29 (a) | 250,000 | 233,545 |
3.00%, 01/15/30 (a) | 300,000 | 267,847 |
5.25%, 12/15/32 (a) | 200,000 | 202,694 |
6.75%, 02/01/41 (a) | 150,000 | 168,180 |
Highwoods Realty LP | ||
3.88%, 03/01/27 (a) | 25,000 | 23,239 |
4.13%, 03/15/28 (a) | 200,000 | 184,756 |
4.20%, 04/15/29 (a) | 100,000 | 90,981 |
2.60%, 02/01/31 (a) | 150,000 | 117,428 |
7.65%, 02/01/34 (a) | 100,000 | 108,279 |
Host Hotels & Resorts LP | ||
4.00%, 06/15/25 (a) | 100,000 | 97,856 |
4.50%, 02/01/26 (a) | 150,000 | 147,404 |
3.38%, 12/15/29 (a) | 200,000 | 180,197 |
3.50%, 09/15/30 (a) | 275,000 | 246,257 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 150,000 | 126,528 |
5.95%, 02/15/28 (a) | 100,000 | 89,680 |
4.65%, 04/01/29 (a) | 150,000 | 123,141 |
3.25%, 01/15/30 (a) | 185,000 | 139,098 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 150,000 | 133,798 |
5.45%, 08/15/30 (a) | 150,000 | 151,365 |
2.00%, 08/15/31 (a) | 200,000 | 159,394 |
4.15%, 04/15/32 (a) | 200,000 | 184,490 |
2.70%, 01/15/34 (a) | 150,000 | 120,486 |
Kilroy Realty LP | ||
4.38%, 10/01/25 (a) | 150,000 | 146,189 |
4.75%, 12/15/28 (a) | 150,000 | 143,004 |
4.25%, 08/15/29 (a) | 175,000 | 161,651 |
3.05%, 02/15/30 (a) | 200,000 | 170,346 |
2.50%, 11/15/32 (a) | 150,000 | 114,086 |
Kimco Realty OP LLC | ||
2.80%, 10/01/26 (a) | 450,000 | 424,564 |
1.90%, 03/01/28 (a) | 250,000 | 220,683 |
2.70%, 10/01/30 (a) | 300,000 | 260,548 |
6.40%, 03/01/34 (a) | 150,000 | 164,856 |
4.25%, 04/01/45 (a) | 150,000 | 122,125 |
4.13%, 12/01/46 (a) | 100,000 | 78,713 |
4.45%, 09/01/47 (a) | 200,000 | 166,890 |
3.70%, 10/01/49 (a) | 150,000 | 112,822 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 94,751 |
Kite Realty Group Trust | ||
4.00%, 03/15/25 (a) | 100,000 | 97,550 |
4.75%, 09/15/30 (a) | 180,000 | 169,953 |
LXP Industrial Trust | ||
2.70%, 09/15/30 (a) | 250,000 | 208,351 |
Mid-America Apartments LP | ||
4.00%, 11/15/25 (a) | 150,000 | 147,404 |
3.60%, 06/01/27 (a) | 80,000 | 77,326 |
4.20%, 06/15/28 (a) | 200,000 | 196,053 |
3.95%, 03/15/29 (a) | 50,000 | 48,680 |
2.75%, 03/15/30 (a) | 100,000 | 87,822 |
1.70%, 02/15/31 (a) | 370,000 | 301,680 |
2.88%, 09/15/51 (a) | 150,000 | 99,340 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 150,000 | 120,923 |
NNN REIT, Inc. | ||
3.60%, 12/15/26 (a) | 150,000 | 143,563 |
3.50%, 10/15/27 (a) | 125,000 | 118,161 |
4.30%, 10/15/28 (a) | 150,000 | 145,521 |
2.50%, 04/15/30 (a) | 100,000 | 86,417 |
4.80%, 10/15/48 (a) | 85,000 | 75,154 |
3.10%, 04/15/50 (a) | 150,000 | 100,066 |
3.50%, 04/15/51 (a) | 100,000 | 73,452 |
3.00%, 04/15/52 (a) | 125,000 | 81,981 |
Omega Healthcare Investors, Inc. | ||
4.50%, 01/15/25 (a) | 50,000 | 49,260 |
5.25%, 01/15/26 (a) | 100,000 | 99,542 |
4.50%, 04/01/27 (a) | 300,000 | 288,472 |
4.75%, 01/15/28 (a) | 143,000 | 138,266 |
3.63%, 10/01/29 (a) | 150,000 | 133,168 |
3.38%, 02/01/31 (a) | 200,000 | 169,933 |
3.25%, 04/15/33 (a) | 250,000 | 201,855 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 100,000 | 82,106 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 300,000 | 292,437 |
2.63%, 11/01/31 (a) | 100,000 | 82,848 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 250,000 | 190,275 |
2.75%, 04/01/32 (a) | 100,000 | 69,728 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 50,000 | 48,386 |
3.25%, 10/01/26 (a) | 150,000 | 144,890 |
4.88%, 06/15/28 (a) | 435,000 | 441,091 |
4.38%, 02/01/29 (a) | 25,000 | 24,735 |
2.88%, 11/15/29 (a) | 150,000 | 136,924 |
2.25%, 04/15/30 (a) | 350,000 | 306,701 |
1.75%, 07/01/30 (a) | 250,000 | 210,631 |
1.25%, 10/15/30 (a) | 250,000 | 202,489 |
1.63%, 03/15/31 (a) | 200,000 | 162,354 |
2.25%, 01/15/32 (a) | 150,000 | 126,134 |
4.63%, 01/15/33 (a) | 100,000 | 100,700 |
4.75%, 06/15/33 (a) | 200,000 | 202,968 |
5.13%, 01/15/34 (a) | 200,000 | 206,503 |
4.38%, 09/15/48 (a) | 50,000 | 44,519 |
3.05%, 03/01/50 (a) | 200,000 | 143,686 |
3.00%, 04/15/50 (a) | 325,000 | 233,701 |
2.13%, 10/15/50 (a) | 250,000 | 148,583 |
5.25%, 06/15/53 (a) | 250,000 | 261,141 |
Public Storage Operating Co. | ||
0.88%, 02/15/26 (a) | 200,000 | 185,178 |
1.50%, 11/09/26 (a) | 150,000 | 137,960 |
3.09%, 09/15/27 (a) | 250,000 | 238,363 |
5.13%, 01/15/29 (a) | 200,000 | 206,719 |
3.39%, 05/01/29 (a) | 340,000 | 325,164 |
2.30%, 05/01/31 (a) | 275,000 | 238,177 |
2.25%, 11/09/31 (a) | 200,000 | 171,130 |
5.35%, 08/01/53 (a) | 150,000 | 157,326 |
Realty Income Corp. | ||
4.63%, 11/01/25 (a) | 250,000 | 248,618 |
0.75%, 03/15/26 (a) | 150,000 | 136,819 |
4.88%, 06/01/26 (a) | 100,000 | 100,133 |
4.13%, 10/15/26 (a) | 250,000 | 245,711 |
3.00%, 01/15/27 (a) | 300,000 | 285,011 |
3.95%, 08/15/27 (a) | 400,000 | 389,467 |
3.40%, 01/15/28 (a) | 150,000 | 142,815 |
3.65%, 01/15/28 (a) | 200,000 | 192,264 |
2.20%, 06/15/28 (a) | 250,000 | 224,437 |
3.10%, 12/15/29 (a) | 200,000 | 183,731 |
3.25%, 01/15/31 (a) | 400,000 | 364,273 |
5.63%, 10/13/32 (a) | 250,000 | 263,735 |
2.85%, 12/15/32 (a) | 200,000 | 170,840 |
4.65%, 03/15/47 (a) | 200,000 | 187,078 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 160,000 | 154,043 |
4.13%, 03/15/28 (a) | 225,000 | 216,324 |
2.95%, 09/15/29 (a) | 150,000 | 134,559 |
3.70%, 06/15/30 (a) | 50,000 | 46,609 |
4.40%, 02/01/47 (a) | 150,000 | 125,110 |
4.65%, 03/15/49 (a) | 50,000 | 42,957 |
Retail Opportunity Investments Partnership LP | ||
6.75%, 10/15/28 (a) | 100,000 | 105,198 |
Rexford Industrial Realty LP | ||
2.15%, 09/01/31 (a) | 250,000 | 200,901 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 175,000 | 172,373 |
3.90%, 10/15/29 (a) | 75,000 | 68,034 |
3.20%, 12/01/31 (a) | 250,000 | 205,216 |
Safehold GL Holdings LLC | ||
2.80%, 06/15/31 (a) | 150,000 | 124,244 |
2.85%, 01/15/32 (a) | 80,000 | 65,723 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Simon Property Group LP | ||
3.50%, 09/01/25 (a) | 400,000 | 391,234 |
3.30%, 01/15/26 (a) | 300,000 | 291,187 |
3.25%, 11/30/26 (a) | 200,000 | 192,399 |
1.38%, 01/15/27 (a) | 150,000 | 137,095 |
3.38%, 06/15/27 (a) | 250,000 | 239,948 |
3.38%, 12/01/27 (a) | 125,000 | 119,475 |
1.75%, 02/01/28 (a) | 300,000 | 270,000 |
2.45%, 09/13/29 (a) | 400,000 | 356,577 |
2.65%, 07/15/30 (a) | 100,000 | 88,703 |
2.20%, 02/01/31 (a) | 200,000 | 167,872 |
2.25%, 01/15/32 (a) | 100,000 | 83,216 |
2.65%, 02/01/32 (a) | 250,000 | 213,995 |
5.50%, 03/08/33 (a) | 150,000 | 155,613 |
6.25%, 01/15/34 (a) | 150,000 | 163,601 |
6.75%, 02/01/40 (a) | 220,000 | 249,870 |
4.75%, 03/15/42 (a) | 150,000 | 137,539 |
4.25%, 10/01/44 (a) | 100,000 | 84,091 |
4.25%, 11/30/46 (a) | 100,000 | 84,255 |
3.25%, 09/13/49 (a) | 400,000 | 290,711 |
3.80%, 07/15/50 (a) | 275,000 | 217,990 |
5.85%, 03/08/53 (a) | 150,000 | 159,647 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 150,000 | 146,083 |
4.25%, 02/01/26 (a) | 100,000 | 97,585 |
4.70%, 06/01/27 (a) | 154,000 | 151,826 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 60,000 | 58,881 |
3.20%, 01/15/27 (a) | 200,000 | 189,175 |
3.40%, 01/15/30 (a) | 250,000 | 228,099 |
3.20%, 02/15/31 (a) | 250,000 | 221,145 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 125,000 | 116,171 |
4.63%, 03/15/29 (a) | 100,000 | 92,022 |
2.75%, 11/18/30 (a) | 125,000 | 98,568 |
2.70%, 12/01/31 (a) | 100,000 | 76,505 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 150,000 | 131,906 |
2.70%, 07/15/31 (a) | 300,000 | 250,536 |
5.70%, 01/15/33 (a) | 125,000 | 127,331 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 100,000 | 93,864 |
3.88%, 07/15/27 (a) | 150,000 | 137,742 |
2.75%, 09/01/31 (a) | 75,000 | 60,465 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 100,000 | 94,983 |
3.50%, 01/15/28 (a) | 145,000 | 136,794 |
4.40%, 01/26/29 (a) | 300,000 | 290,447 |
3.00%, 08/15/31 (a) | 400,000 | 354,329 |
2.10%, 08/01/32 (a) | 100,000 | 78,755 |
Ventas Realty LP | ||
2.65%, 01/15/25 (a) | 150,000 | 145,428 |
3.50%, 02/01/25 (a) | 200,000 | 195,615 |
4.13%, 01/15/26 (a) | 150,000 | 146,549 |
3.25%, 10/15/26 (a) | 100,000 | 94,784 |
3.85%, 04/01/27 (a) | 100,000 | 96,200 |
4.00%, 03/01/28 (a) | 200,000 | 191,265 |
4.40%, 01/15/29 (a) | 250,000 | 243,389 |
4.75%, 11/15/30 (a) | 200,000 | 195,093 |
5.70%, 09/30/43 (a) | 100,000 | 96,695 |
4.38%, 02/01/45 (a) | 100,000 | 81,367 |
4.88%, 04/15/49 (a) | 150,000 | 131,438 |
Welltower OP LLC | ||
4.00%, 06/01/25 (a) | 350,000 | 343,851 |
4.25%, 04/01/26 (a) | 400,000 | 394,271 |
2.70%, 02/15/27 (a) | 100,000 | 93,995 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 04/15/28 (a) | 200,000 | 196,443 |
4.13%, 03/15/29 (a) | 400,000 | 386,252 |
3.10%, 01/15/30 (a) | 150,000 | 135,561 |
2.75%, 01/15/31 (a) | 315,000 | 274,368 |
6.50%, 03/15/41 (a) | 250,000 | 276,091 |
4.95%, 09/01/48 (a) | 150,000 | 142,545 |
WP Carey, Inc. | ||
4.00%, 02/01/25 (a) | 150,000 | 147,853 |
3.85%, 07/15/29 (a) | 200,000 | 187,911 |
2.40%, 02/01/31 (a) | 200,000 | 169,318 |
2.45%, 02/01/32 (a) | 100,000 | 81,456 |
2.25%, 04/01/33 (a) | 150,000 | 117,425 |
50,070,838 | ||
614,876,945 | ||
Industrial 14.3% | ||
Basic Industry 0.7% | ||
Air Products & Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 250,000 | 236,755 |
1.85%, 05/15/27 (a) | 300,000 | 276,568 |
2.05%, 05/15/30 (a) | 125,000 | 109,336 |
2.70%, 05/15/40 (a) | 300,000 | 229,411 |
2.80%, 05/15/50 (a) | 300,000 | 215,282 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a)(c) | 200,000 | 196,757 |
5.05%, 06/01/32 (a) | 200,000 | 195,393 |
5.45%, 12/01/44 (a) | 335,000 | 314,678 |
AngloGold Ashanti Holdings PLC | ||
3.38%, 11/01/28 (a) | 100,000 | 90,270 |
3.75%, 10/01/30 (a) | 400,000 | 348,511 |
ArcelorMittal SA | ||
4.55%, 03/11/26 | 150,000 | 147,918 |
6.55%, 11/29/27 (a) | 350,000 | 367,534 |
4.25%, 07/16/29 (c) | 150,000 | 146,444 |
6.80%, 11/29/32 (a) | 300,000 | 324,820 |
7.00%, 10/15/39 | 200,000 | 216,804 |
6.75%, 03/01/41 (e)(g) | 100,000 | 106,151 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 250,000 | 263,867 |
5.75%, 05/01/43 | 200,000 | 214,493 |
Barrick PD Australia Finance Pty. Ltd. | ||
5.95%, 10/15/39 | 400,000 | 429,012 |
BHP Billiton Finance USA Ltd. | ||
4.88%, 02/27/26 | 200,000 | 201,144 |
6.42%, 03/01/26 | 100,000 | 103,473 |
5.25%, 09/08/26 | 250,000 | 255,729 |
4.75%, 02/28/28 (a) | 250,000 | 252,694 |
5.10%, 09/08/28 (a) | 250,000 | 257,264 |
5.25%, 09/08/30 (a) | 250,000 | 259,172 |
4.90%, 02/28/33 (a) | 200,000 | 204,735 |
5.25%, 09/08/33 (a) | 400,000 | 415,523 |
4.13%, 02/24/42 | 275,000 | 249,982 |
5.00%, 09/30/43 | 700,000 | 707,957 |
5.50%, 09/08/53 (a) | 200,000 | 218,729 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 150,000 | 142,919 |
Celanese U.S. Holdings LLC | ||
6.05%, 03/15/25 | 500,000 | 502,976 |
1.40%, 08/05/26 (a) | 250,000 | 228,004 |
6.17%, 07/15/27 (a) | 500,000 | 513,043 |
6.35%, 11/15/28 (a) | 250,000 | 262,303 |
6.33%, 07/15/29 (a) | 200,000 | 210,032 |
6.38%, 07/15/32 (a) | 300,000 | 317,761 |
6.70%, 11/15/33 (a) | 100,000 | 108,785 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Celulosa Arauco y Constitucion SA | ||
3.88%, 11/02/27 (a) | 250,000 | 233,482 |
5.50%, 11/02/47 (a) | 50,000 | 43,152 |
CF Industries, Inc. | ||
5.15%, 03/15/34 | 300,000 | 297,662 |
4.95%, 06/01/43 | 100,000 | 91,876 |
5.38%, 03/15/44 | 250,000 | 239,848 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 50,000 | 50,539 |
7.38%, 11/01/29 | 450,000 | 508,708 |
2.10%, 11/15/30 (a) | 250,000 | 214,164 |
6.30%, 03/15/33 (a) | 175,000 | 193,279 |
4.25%, 10/01/34 (a) | 200,000 | 191,805 |
5.25%, 11/15/41 (a) | 400,000 | 394,091 |
4.38%, 11/15/42 (a) | 450,000 | 397,623 |
4.63%, 10/01/44 (a) | 150,000 | 137,917 |
5.55%, 11/30/48 (a) | 250,000 | 256,155 |
4.80%, 05/15/49 (a) | 200,000 | 184,353 |
3.60%, 11/15/50 (a) | 350,000 | 270,854 |
6.90%, 05/15/53 (a) | 300,000 | 362,554 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 400,000 | 397,738 |
4.73%, 11/15/28 (a) | 750,000 | 762,513 |
5.32%, 11/15/38 (a) | 450,000 | 462,825 |
5.42%, 11/15/48 (a) | 605,000 | 631,970 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 250,000 | 245,916 |
4.50%, 12/01/28 (a) | 100,000 | 97,980 |
4.80%, 09/01/42 (a) | 300,000 | 273,089 |
4.65%, 10/15/44 (a) | 270,000 | 238,149 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 300,000 | 287,484 |
3.25%, 12/01/27 (a) | 350,000 | 336,617 |
4.80%, 03/24/30 (a) | 50,000 | 51,431 |
1.30%, 01/30/31 (a) | 310,000 | 253,650 |
2.13%, 02/01/32 (a) | 305,000 | 260,351 |
2.13%, 08/15/50 (a) | 250,000 | 154,629 |
2.70%, 12/15/51 (a) | 350,000 | 239,298 |
2.75%, 08/18/55 (a) | 264,000 | 178,805 |
EIDP, Inc. | ||
1.70%, 07/15/25 (a) | 250,000 | 237,376 |
2.30%, 07/15/30 (a) | 150,000 | 131,768 |
4.80%, 05/15/33 (a) | 200,000 | 202,734 |
FMC Corp. | ||
5.15%, 05/18/26 (a) | 200,000 | 199,991 |
3.20%, 10/01/26 (a) | 150,000 | 142,131 |
3.45%, 10/01/29 (a) | 200,000 | 182,824 |
4.50%, 10/01/49 (a) | 165,000 | 130,151 |
6.38%, 05/18/53 (a) | 110,000 | 112,846 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 150,000 | 148,652 |
4.13%, 03/01/28 (a) | 250,000 | 240,174 |
4.38%, 08/01/28 (a) | 150,000 | 144,514 |
5.25%, 09/01/29 (a) | 150,000 | 152,128 |
4.25%, 03/01/30 (a) | 200,000 | 188,014 |
4.63%, 08/01/30 (a) | 210,000 | 205,398 |
5.40%, 11/14/34 (a) | 200,000 | 201,753 |
5.45%, 03/15/43 (a) | 250,000 | 242,651 |
Georgia-Pacific LLC | ||
7.75%, 11/15/29 | 200,000 | 231,369 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 200,000 | 193,332 |
2.95%, 06/15/31 (a) | 125,000 | 106,605 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 150,000 | 146,388 |
4.38%, 06/01/47 (a) | 140,000 | 108,075 |
5.00%, 09/26/48 (a) | 250,000 | 213,683 |
International Paper Co. | ||
5.00%, 09/15/35 (a) | 150,000 | 150,289 |
7.30%, 11/15/39 | 100,000 | 120,539 |
6.00%, 11/15/41 (a) | 225,000 | 239,079 |
4.80%, 06/15/44 (a) | 135,000 | 124,656 |
5.15%, 05/15/46 (a) | 100,000 | 96,515 |
4.40%, 08/15/47 (a) | 250,000 | 217,296 |
4.35%, 08/15/48 (a) | 200,000 | 180,364 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 150,000 | 146,883 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 150,000 | 146,407 |
3.20%, 01/30/26 (a) | 250,000 | 243,155 |
1.10%, 08/10/30 (a) | 200,000 | 166,070 |
3.55%, 11/07/42 (a) | 150,000 | 124,977 |
2.00%, 08/10/50 (a) | 100,000 | 59,223 |
Lubrizol Corp. | ||
6.50%, 10/01/34 | 246,000 | 289,064 |
LYB International Finance BV | ||
5.25%, 07/15/43 | 200,000 | 192,065 |
4.88%, 03/15/44 (a) | 250,000 | 231,491 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 200,000 | 193,059 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 135,000 | 126,191 |
2.25%, 10/01/30 (a) | 100,000 | 85,840 |
5.63%, 05/15/33 (a) | 200,000 | 209,350 |
3.38%, 10/01/40 (a) | 200,000 | 153,812 |
4.20%, 10/15/49 (a) | 150,000 | 119,788 |
4.20%, 05/01/50 (a) | 300,000 | 239,902 |
3.63%, 04/01/51 (a) | 300,000 | 218,999 |
3.80%, 10/01/60 (a) | 250,000 | 178,372 |
LyondellBasell Industries NV | ||
4.63%, 02/26/55 (a) | 300,000 | 261,281 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 250,000 | 244,037 |
5.45%, 11/15/33 (a) | 150,000 | 153,170 |
4.88%, 11/15/41 (a) | 100,000 | 89,790 |
5.63%, 11/15/43 (a) | 150,000 | 148,341 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 150,000 | 126,429 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 250,000 | 228,764 |
2.25%, 10/01/30 (a) | 350,000 | 302,847 |
2.60%, 07/15/32 (a) | 75,000 | 64,213 |
5.88%, 04/01/35 | 250,000 | 269,517 |
6.25%, 10/01/39 | 325,000 | 361,548 |
4.88%, 03/15/42 (a) | 300,000 | 292,496 |
5.45%, 06/09/44 (a) | 100,000 | 101,887 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 250,000 | 240,354 |
3.95%, 05/01/28 (a) | 200,000 | 195,366 |
2.70%, 06/01/30 (a) | 250,000 | 226,676 |
3.13%, 04/01/32 (a) | 200,000 | 180,238 |
6.40%, 12/01/37 | 100,000 | 113,947 |
3.85%, 04/01/52 (a) | 100,000 | 83,487 |
2.98%, 12/15/55 (a) | 400,000 | 272,704 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 100,000 | 97,209 |
5.95%, 11/07/25 | 150,000 | 152,828 |
4.00%, 12/15/26 (a) | 350,000 | 342,712 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 04/01/29 (a) | 250,000 | 246,167 |
4.13%, 03/15/35 (a) | 250,000 | 231,813 |
5.88%, 12/01/36 | 125,000 | 130,802 |
5.63%, 12/01/40 | 50,000 | 50,368 |
6.13%, 01/15/41 (a) | 300,000 | 319,286 |
4.90%, 06/01/43 (a) | 200,000 | 187,658 |
5.25%, 01/15/45 (a) | 155,000 | 150,736 |
5.00%, 04/01/49 (a) | 125,000 | 119,193 |
3.95%, 05/13/50 (a) | 275,000 | 225,722 |
Packaging Corp. of America | ||
3.40%, 12/15/27 (a) | 200,000 | 190,887 |
4.05%, 12/15/49 (a) | 150,000 | 123,974 |
3.05%, 10/01/51 (a) | 200,000 | 140,024 |
PPG Industries, Inc. | ||
3.75%, 03/15/28 (a) | 300,000 | 289,318 |
2.80%, 08/15/29 (a) | 175,000 | 159,331 |
2.55%, 06/15/30 (a) | 100,000 | 87,205 |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 225,000 | 188,455 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 70,237 |
2.15%, 08/15/30 (a) | 200,000 | 169,895 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 281,000 | 321,768 |
6.13%, 12/15/33 | 200,000 | 219,376 |
5.75%, 06/01/35 | 50,000 | 53,151 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 250,000 | 275,836 |
5.20%, 11/02/40 | 350,000 | 361,200 |
2.75%, 11/02/51 (a) | 300,000 | 205,781 |
Rio Tinto Finance USA PLC | ||
4.75%, 03/22/42 (a) | 200,000 | 194,324 |
4.13%, 08/21/42 (a) | 150,000 | 135,921 |
5.13%, 03/09/53 (a) | 300,000 | 312,338 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 250,000 | 240,655 |
4.25%, 01/15/48 (a) | 250,000 | 207,772 |
Sherwin-Williams Co. | ||
3.45%, 08/01/25 (a) | 150,000 | 146,142 |
3.95%, 01/15/26 (a) | 100,000 | 98,407 |
3.45%, 06/01/27 (a) | 450,000 | 434,930 |
2.95%, 08/15/29 (a) | 200,000 | 185,375 |
2.30%, 05/15/30 (a) | 200,000 | 174,470 |
2.20%, 03/15/32 (a) | 100,000 | 83,323 |
4.55%, 08/01/45 (a) | 250,000 | 224,194 |
4.50%, 06/01/47 (a) | 400,000 | 366,454 |
3.80%, 08/15/49 (a) | 200,000 | 161,312 |
3.30%, 05/15/50 (a) | 200,000 | 147,347 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 98,063 |
7.50%, 07/27/35 | 350,000 | 406,697 |
6.75%, 04/16/40 | 200,000 | 223,976 |
5.25%, 11/08/42 | 375,000 | 362,156 |
5.88%, 04/23/45 | 495,000 | 504,451 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 150,000 | 143,761 |
5.00%, 12/15/26 (a) | 125,000 | 125,655 |
1.65%, 10/15/27 (a) | 100,000 | 89,180 |
3.45%, 04/15/30 (a) | 200,000 | 184,770 |
3.25%, 01/15/31 (a) | 150,000 | 136,198 |
3.25%, 10/15/50 (a) | 150,000 | 104,529 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 600,000 | 613,422 |
5.00%, 01/15/30 (a) | 300,000 | 289,775 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 01/15/31 (a) | 325,000 | 285,866 |
3.13%, 01/15/32 (a) | 330,000 | 273,623 |
Suzano International Finance BV | ||
4.00%, 01/14/25 | 100,000 | 97,985 |
5.50%, 01/17/27 | 200,000 | 202,492 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 325,000 | 302,786 |
6.13%, 10/01/35 | 150,000 | 157,321 |
6.00%, 08/15/40 (a) | 240,000 | 245,128 |
5.40%, 02/01/43 (a) | 100,000 | 95,779 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 150,000 | 153,913 |
3.75%, 07/08/30 (a) | 700,000 | 643,458 |
6.13%, 06/12/33 (a) | 400,000 | 414,692 |
6.88%, 11/21/36 | 533,000 | 580,727 |
6.88%, 11/10/39 | 350,000 | 381,494 |
Westlake Corp. | ||
3.60%, 08/15/26 (a) | 185,000 | 178,856 |
3.38%, 06/15/30 (a) | 100,000 | 90,722 |
2.88%, 08/15/41 (a) | 75,000 | 53,167 |
5.00%, 08/15/46 (a) | 150,000 | 137,640 |
4.38%, 11/15/47 (a) | 130,000 | 109,039 |
3.13%, 08/15/51 (a) | 200,000 | 132,931 |
3.38%, 08/15/61 (a) | 160,000 | 103,630 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 190,000 | 219,173 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 200,000 | 214,642 |
4.00%, 11/15/29 (a) | 375,000 | 359,076 |
4.00%, 04/15/30 (a) | 100,000 | 95,508 |
7.38%, 03/15/32 | 285,000 | 331,588 |
3.38%, 03/09/33 (a) | 160,000 | 142,306 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 200,000 | 196,262 |
4.65%, 03/15/26 (a) | 250,000 | 248,443 |
3.90%, 06/01/28 (a) | 250,000 | 238,851 |
4.90%, 03/15/29 (a) | 300,000 | 301,720 |
4.20%, 06/01/32 (a) | 300,000 | 288,078 |
3.00%, 06/15/33 (a) | 250,000 | 215,841 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(d) | 165,000 | 139,736 |
49,994,773 | ||
Capital Goods 1.3% | ||
3M Co. | ||
2.00%, 02/14/25 (a) | 200,000 | 192,691 |
2.65%, 04/15/25 (a) | 150,000 | 145,436 |
3.00%, 08/07/25 (c) | 200,000 | 194,028 |
2.25%, 09/19/26 (a)(c) | 175,000 | 163,938 |
2.88%, 10/15/27 (a)(c) | 300,000 | 282,617 |
3.38%, 03/01/29 (a) | 300,000 | 281,164 |
2.38%, 08/26/29 (a) | 300,000 | 265,711 |
3.05%, 04/15/30 (a) | 200,000 | 180,711 |
3.13%, 09/19/46 (a)(c) | 200,000 | 146,630 |
3.63%, 10/15/47 (a) | 250,000 | 191,614 |
4.00%, 09/14/48 (a)(c) | 400,000 | 343,013 |
3.25%, 08/26/49 (a)(c) | 350,000 | 254,895 |
3.70%, 04/15/50 (a) | 260,000 | 206,513 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 200,000 | 196,579 |
4.38%, 05/08/42 | 150,000 | 138,532 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 200,000 | 166,334 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 110,000 | 101,894 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Allegion U.S. Holding Co., Inc. | ||
5.41%, 07/01/32 (a) | 200,000 | 205,981 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 80,000 | 77,373 |
4.50%, 05/15/28 (a) | 150,000 | 146,631 |
5.63%, 05/26/33 (a) | 250,000 | 260,388 |
Amcor Flexibles North America, Inc. | ||
4.00%, 05/17/25 (a) | 100,000 | 98,368 |
2.63%, 06/19/30 (a) | 250,000 | 216,919 |
2.69%, 05/25/31 (a) | 250,000 | 216,365 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 100,000 | 96,620 |
4.35%, 06/01/29 (a) | 100,000 | 99,689 |
2.80%, 02/15/30 (a) | 300,000 | 273,524 |
2.20%, 09/15/31 (a) | 250,000 | 210,599 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 225,000 | 228,023 |
2.65%, 04/30/30 (a) | 200,000 | 177,148 |
5.75%, 03/15/33 (a) | 100,000 | 105,946 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 500,000 | 465,061 |
1.65%, 01/15/27 (a) | 200,000 | 180,529 |
Boeing Co. | ||
4.88%, 05/01/25 (a) | 1,075,000 | 1,070,552 |
2.60%, 10/30/25 (a) | 100,000 | 95,646 |
2.75%, 02/01/26 (a) | 200,000 | 191,500 |
2.20%, 02/04/26 (a) | 1,525,000 | 1,441,451 |
3.10%, 05/01/26 (a) | 200,000 | 192,436 |
2.25%, 06/15/26 (a) | 125,000 | 117,234 |
2.70%, 02/01/27 (a) | 300,000 | 283,155 |
2.80%, 03/01/27 (a) | 150,000 | 141,555 |
5.04%, 05/01/27 (a) | 550,000 | 555,183 |
3.25%, 02/01/28 (a) | 200,000 | 189,863 |
3.25%, 03/01/28 (a) | 200,000 | 188,137 |
3.45%, 11/01/28 (a) | 150,000 | 141,499 |
3.20%, 03/01/29 (a) | 300,000 | 280,963 |
2.95%, 02/01/30 (a) | 200,000 | 180,722 |
5.15%, 05/01/30 (a) | 1,150,000 | 1,171,326 |
3.63%, 02/01/31 (a) | 450,000 | 418,407 |
6.13%, 02/15/33 | 135,000 | 145,825 |
3.60%, 05/01/34 (a) | 250,000 | 221,515 |
3.25%, 02/01/35 (a) | 250,000 | 211,335 |
6.63%, 02/15/38 | 175,000 | 195,490 |
3.55%, 03/01/38 (a) | 130,000 | 106,066 |
3.50%, 03/01/39 (a) | 150,000 | 119,602 |
6.88%, 03/15/39 | 100,000 | 114,509 |
5.88%, 02/15/40 | 300,000 | 312,205 |
5.71%, 05/01/40 (a) | 850,000 | 881,227 |
3.63%, 03/01/48 (a) | 125,000 | 92,791 |
3.85%, 11/01/48 (a) | 100,000 | 77,755 |
3.90%, 05/01/49 (a) | 200,000 | 158,708 |
3.75%, 02/01/50 (a) | 350,000 | 272,946 |
5.81%, 05/01/50 (a) | 1,500,000 | 1,556,851 |
3.83%, 03/01/59 (a) | 100,000 | 74,351 |
3.95%, 08/01/59 (a) | 300,000 | 230,769 |
5.93%, 05/01/60 (a) | 950,000 | 987,302 |
Carlisle Cos., Inc. | ||
2.75%, 03/01/30 (a) | 250,000 | 222,111 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 450,000 | 435,528 |
5.80%, 11/30/25 (d) | 300,000 | 304,220 |
2.49%, 02/15/27 (a) | 89,000 | 83,775 |
2.72%, 02/15/30 (a) | 600,000 | 537,386 |
2.70%, 02/15/31 (a)(d) | 250,000 | 218,503 |
5.90%, 03/15/34 (a)(d) | 250,000 | 270,677 |
3.38%, 04/05/40 (a) | 510,000 | 410,988 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.58%, 04/05/50 (a)(d) | 500,000 | 391,836 |
6.20%, 03/15/54 (a)(d) | 150,000 | 173,919 |
Caterpillar Financial Services Corp. | ||
4.90%, 01/17/25 | 200,000 | 200,206 |
3.40%, 05/13/25 | 400,000 | 393,367 |
1.45%, 05/15/25 | 300,000 | 286,956 |
5.15%, 08/11/25 | 300,000 | 302,347 |
3.65%, 08/12/25 | 250,000 | 246,082 |
0.80%, 11/13/25 | 500,000 | 467,153 |
4.80%, 01/06/26 | 150,000 | 151,064 |
0.90%, 03/02/26 | 400,000 | 370,904 |
4.35%, 05/15/26 | 150,000 | 149,756 |
1.70%, 01/08/27 | 400,000 | 370,044 |
1.10%, 09/14/27 | 485,000 | 433,751 |
Caterpillar, Inc. | ||
2.60%, 04/09/30 (a) | 250,000 | 227,626 |
6.05%, 08/15/36 | 250,000 | 282,268 |
5.20%, 05/27/41 | 225,000 | 238,078 |
3.80%, 08/15/42 | 525,000 | 461,836 |
4.30%, 05/15/44 (a) | 175,000 | 167,129 |
3.25%, 09/19/49 (a) | 335,000 | 265,468 |
3.25%, 04/09/50 (a) | 400,000 | 317,762 |
4.75%, 05/15/64 (a) | 150,000 | 145,722 |
CNH Industrial Capital LLC | ||
3.95%, 05/23/25 | 150,000 | 147,476 |
1.88%, 01/15/26 (a) | 200,000 | 187,748 |
1.45%, 07/15/26 (a) | 150,000 | 137,838 |
4.55%, 04/10/28 (a) | 200,000 | 197,465 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 250,000 | 242,241 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 200,000 | 195,135 |
5.38%, 10/16/29 | 250,000 | 264,554 |
3.10%, 04/15/30 (a) | 350,000 | 324,937 |
7.13%, 03/03/31 | 150,000 | 175,421 |
3.90%, 06/09/42 (a) | 250,000 | 225,518 |
2.88%, 09/07/49 (a) | 200,000 | 150,074 |
3.75%, 04/15/50 (a)(c) | 300,000 | 263,146 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 150,000 | 136,027 |
5.38%, 10/15/35 | 100,000 | 104,441 |
5.38%, 03/01/41 (a) | 100,000 | 100,964 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 250,000 | 212,433 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 200,000 | 191,610 |
4.00%, 11/02/32 | 300,000 | 290,902 |
4.15%, 03/15/33 (a) | 300,000 | 293,903 |
4.15%, 11/02/42 | 300,000 | 276,133 |
3.92%, 09/15/47 (a) | 100,000 | 87,402 |
4.70%, 08/23/52 (a) | 200,000 | 197,187 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 400,000 | 363,124 |
1.80%, 10/15/27 (a) | 250,000 | 228,422 |
1.95%, 10/15/30 (a) | 250,000 | 215,638 |
2.20%, 12/21/31 (a) | 300,000 | 257,002 |
5.25%, 11/15/39 | 100,000 | 104,760 |
2.75%, 10/15/50 (a) | 150,000 | 103,066 |
2.80%, 12/21/51 (a) | 300,000 | 207,225 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 200,000 | 177,931 |
2.80%, 01/15/32 (a) | 100,000 | 82,979 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 250,000 | 240,284 |
4.30%, 06/15/46 (a) | 200,000 | 170,717 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fortune Brands Innovations, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 147,836 |
3.25%, 09/15/29 (a) | 350,000 | 323,853 |
4.00%, 03/25/32 (a) | 100,000 | 93,392 |
5.88%, 06/01/33 (a) | 175,000 | 183,295 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 200,000 | 196,320 |
GE Capital International Funding Co. Unlimited Co. | ||
4.42%, 11/15/35 | 300,000 | 291,439 |
General Dynamics Corp. | ||
3.25%, 04/01/25 (a) | 250,000 | 245,185 |
3.50%, 05/15/25 (a) | 150,000 | 147,475 |
1.15%, 06/01/26 (a) | 125,000 | 115,746 |
2.13%, 08/15/26 (a) | 150,000 | 141,633 |
3.50%, 04/01/27 (a) | 250,000 | 243,640 |
2.63%, 11/15/27 (a) | 150,000 | 140,760 |
3.75%, 05/15/28 (a) | 300,000 | 294,883 |
3.63%, 04/01/30 (a) | 300,000 | 288,559 |
2.25%, 06/01/31 (a) | 200,000 | 174,230 |
4.25%, 04/01/40 (a) | 250,000 | 234,028 |
3.60%, 11/15/42 (a) | 150,000 | 126,677 |
4.25%, 04/01/50 (a) | 185,000 | 172,058 |
General Electric Co. | ||
6.75%, 03/15/32 | 600,000 | 684,080 |
5.88%, 01/14/38 | 200,000 | 220,458 |
6.88%, 01/10/39 | 100,000 | 121,659 |
4.35%, 05/01/50 (a) | 225,000 | 204,317 |
HEICO Corp. | ||
5.25%, 08/01/28 (a) | 150,000 | 153,341 |
5.35%, 08/01/33 (a) | 150,000 | 153,863 |
Hexcel Corp. | ||
4.95%, 08/15/25 (a) | 125,000 | 124,129 |
4.20%, 02/15/27 (a) | 150,000 | 144,603 |
Honeywell International, Inc. | ||
1.35%, 06/01/25 (a) | 400,000 | 382,157 |
2.50%, 11/01/26 (a) | 450,000 | 428,770 |
1.10%, 03/01/27 (a) | 275,000 | 249,741 |
4.95%, 02/15/28 (a) | 150,000 | 154,619 |
4.25%, 01/15/29 (a) | 250,000 | 250,703 |
2.70%, 08/15/29 (a) | 250,000 | 231,356 |
1.95%, 06/01/30 (a) | 300,000 | 260,786 |
1.75%, 09/01/31 (a) | 450,000 | 375,885 |
5.00%, 02/15/33 (a) | 450,000 | 471,503 |
5.70%, 03/15/36 | 200,000 | 219,721 |
5.70%, 03/15/37 | 200,000 | 219,431 |
3.81%, 11/21/47 (a) | 150,000 | 129,122 |
2.80%, 06/01/50 (a) | 250,000 | 191,217 |
Howmet Aerospace, Inc. | ||
3.00%, 01/15/29 (a) | 500,000 | 457,008 |
5.95%, 02/01/37 | 250,000 | 261,759 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 50,000 | 48,458 |
3.15%, 08/15/27 (a) | 100,000 | 94,818 |
3.50%, 02/15/28 (a) | 150,000 | 143,945 |
2.30%, 03/15/31 (a) | 150,000 | 126,346 |
Huntington Ingalls Industries, Inc. | ||
3.84%, 05/01/25 (a) | 100,000 | 97,995 |
3.48%, 12/01/27 (a) | 190,000 | 179,981 |
2.04%, 08/16/28 (a) | 100,000 | 88,202 |
4.20%, 05/01/30 (a) | 250,000 | 238,036 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 300,000 | 267,815 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 300,000 | 286,685 |
4.88%, 09/15/41 (a) | 150,000 | 151,872 |
3.90%, 09/01/42 (a) | 350,000 | 313,831 |
Ingersoll Rand, Inc. | ||
5.40%, 08/14/28 (a) | 150,000 | 154,649 |
5.70%, 08/14/33 (a) | 250,000 | 264,823 |
John Deere Capital Corp. | ||
2.05%, 01/09/25 | 250,000 | 243,201 |
1.25%, 01/10/25 | 300,000 | 289,460 |
5.15%, 03/03/25 | 150,000 | 150,910 |
2.13%, 03/07/25 | 250,000 | 242,364 |
3.45%, 03/13/25 | 75,000 | 73,878 |
3.40%, 06/06/25 | 735,000 | 723,312 |
4.05%, 09/08/25 | 225,000 | 223,064 |
3.40%, 09/11/25 | 200,000 | 196,093 |
4.80%, 01/09/26 | 350,000 | 352,089 |
0.70%, 01/15/26 | 200,000 | 185,554 |
2.65%, 06/10/26 | 200,000 | 191,533 |
1.05%, 06/17/26 | 350,000 | 322,549 |
2.25%, 09/14/26 | 400,000 | 378,289 |
1.75%, 03/09/27 | 150,000 | 138,201 |
2.80%, 09/08/27 | 350,000 | 331,992 |
4.15%, 09/15/27 | 250,000 | 248,532 |
3.05%, 01/06/28 | 300,000 | 285,935 |
4.75%, 01/20/28 | 325,000 | 330,694 |
1.50%, 03/06/28 | 110,000 | 98,306 |
3.45%, 03/07/29 | 400,000 | 383,992 |
2.80%, 07/18/29 | 400,000 | 371,107 |
2.45%, 01/09/30 | 300,000 | 270,830 |
4.70%, 06/10/30 | 400,000 | 406,659 |
2.00%, 06/17/31 | 200,000 | 169,936 |
3.90%, 06/07/32 | 215,000 | 207,635 |
Johnson Controls International PLC | ||
3.90%, 02/14/26 (a) | 283,000 | 276,706 |
6.00%, 01/15/36 | 292,000 | 313,123 |
4.63%, 07/02/44 (a) | 200,000 | 180,672 |
5.13%, 09/14/45 (a) | 104,000 | 100,132 |
4.50%, 02/15/47 (a) | 50,000 | 44,801 |
Johnson Controls International PLC/Tyco Fire & Security Finance SCA | ||
1.75%, 09/15/30 (a) | 150,000 | 124,754 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 200,000 | 195,380 |
2.80%, 03/01/31 (a) | 50,000 | 42,212 |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 200,000 | 196,592 |
3.85%, 12/15/26 (a) | 150,000 | 147,146 |
5.40%, 01/15/27 | 250,000 | 255,420 |
4.40%, 06/15/28 (a) | 495,000 | 489,314 |
2.90%, 12/15/29 (a) | 150,000 | 135,870 |
1.80%, 01/15/31 (a) | 200,000 | 164,855 |
5.40%, 07/31/33 (a) | 450,000 | 468,689 |
4.85%, 04/27/35 (a) | 100,000 | 99,071 |
6.15%, 12/15/40 | 75,000 | 82,285 |
5.05%, 04/27/45 (a) | 150,000 | 148,505 |
5.60%, 07/31/53 (a) | 150,000 | 160,352 |
Lafarge SA | ||
7.13%, 07/15/36 | 150,000 | 172,585 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 225,000 | 212,722 |
4.40%, 03/15/29 (a) | 176,000 | 171,027 |
3.50%, 11/15/51 (a) | 160,000 | 115,668 |
Legrand France SA | ||
8.50%, 02/15/25 | 250,000 | 260,073 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 94,205 |
1.70%, 08/01/27 (a) | 130,000 | 116,904 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 225,000 | 221,208 |
5.10%, 11/15/27 (a) | 200,000 | 206,609 |
1.85%, 06/15/30 (a) | 150,000 | 129,013 |
3.90%, 06/15/32 (a) | 300,000 | 289,790 |
5.25%, 01/15/33 (a) | 250,000 | 265,486 |
4.75%, 02/15/34 (a) | 300,000 | 305,532 |
3.60%, 03/01/35 (a) | 150,000 | 137,478 |
4.50%, 05/15/36 (a) | 125,000 | 123,961 |
6.15%, 09/01/36 | 200,000 | 226,913 |
5.72%, 06/01/40 | 150,000 | 163,946 |
4.07%, 12/15/42 | 625,000 | 565,415 |
3.80%, 03/01/45 (a) | 350,000 | 301,870 |
4.70%, 05/15/46 (a) | 425,000 | 416,968 |
2.80%, 06/15/50 (a) | 380,000 | 271,980 |
4.09%, 09/15/52 (a) | 400,000 | 355,850 |
4.15%, 06/15/53 (a) | 300,000 | 269,046 |
5.70%, 11/15/54 (a) | 250,000 | 282,659 |
4.30%, 06/15/62 (a) | 210,000 | 189,071 |
5.90%, 11/15/63 (a) | 200,000 | 234,397 |
Martin Marietta Materials, Inc. | ||
3.45%, 06/01/27 (a) | 25,000 | 23,955 |
3.50%, 12/15/27 (a) | 200,000 | 191,952 |
2.50%, 03/15/30 (a) | 200,000 | 176,581 |
2.40%, 07/15/31 (a) | 300,000 | 255,867 |
4.25%, 12/15/47 (a) | 250,000 | 220,684 |
3.20%, 07/15/51 (a) | 225,000 | 167,501 |
Masco Corp. | ||
1.50%, 02/15/28 (a) | 150,000 | 131,544 |
2.00%, 10/01/30 (a) | 375,000 | 310,142 |
4.50%, 05/15/47 (a) | 225,000 | 194,288 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 175,000 | 162,223 |
Nordson Corp. | ||
5.80%, 09/15/33 (a) | 150,000 | 159,557 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 450,000 | 439,934 |
3.20%, 02/01/27 (a) | 300,000 | 288,896 |
3.25%, 01/15/28 (a) | 450,000 | 430,702 |
4.40%, 05/01/30 (a) | 200,000 | 198,956 |
4.70%, 03/15/33 (a) | 250,000 | 252,505 |
5.15%, 05/01/40 (a) | 100,000 | 101,657 |
5.05%, 11/15/40 | 100,000 | 100,019 |
4.75%, 06/01/43 | 250,000 | 239,747 |
3.85%, 04/15/45 (a) | 200,000 | 168,110 |
4.03%, 10/15/47 (a) | 650,000 | 558,790 |
5.25%, 05/01/50 (a) | 300,000 | 309,497 |
4.95%, 03/15/53 (a) | 250,000 | 248,055 |
nVent Finance SARL | ||
4.55%, 04/15/28 (a) | 150,000 | 146,006 |
2.75%, 11/15/31 (a) | 100,000 | 82,358 |
5.65%, 05/15/33 (a) | 150,000 | 152,741 |
Oshkosh Corp. | ||
4.60%, 05/15/28 (a) | 100,000 | 98,695 |
3.10%, 03/01/30 (a) | 100,000 | 90,128 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 300,000 | 288,711 |
2.29%, 04/05/27 (a) | 200,000 | 186,623 |
5.25%, 08/16/28 (a) | 200,000 | 205,967 |
2.57%, 02/15/30 (a) | 450,000 | 400,794 |
3.11%, 02/15/40 (a) | 200,000 | 160,469 |
3.36%, 02/15/50 (a) | 200,000 | 155,253 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Owens Corning | ||
3.40%, 08/15/26 (a) | 100,000 | 96,488 |
3.95%, 08/15/29 (a) | 150,000 | 143,160 |
3.88%, 06/01/30 (a) | 100,000 | 94,113 |
7.00%, 12/01/36 | 145,000 | 166,846 |
4.30%, 07/15/47 (a) | 100,000 | 88,265 |
4.40%, 01/30/48 (a) | 150,000 | 130,980 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27 (a) | 100,000 | 96,057 |
4.25%, 09/15/27 (a) | 350,000 | 347,048 |
3.25%, 06/14/29 (a) | 495,000 | 466,361 |
4.20%, 11/21/34 (a) | 200,000 | 192,102 |
6.25%, 05/15/38 | 150,000 | 167,143 |
4.45%, 11/21/44 (a) | 150,000 | 136,713 |
4.10%, 03/01/47 (a) | 150,000 | 130,349 |
4.00%, 06/14/49 (a) | 275,000 | 240,267 |
Pentair Finance SARL | ||
4.50%, 07/01/29 (a) | 280,000 | 270,237 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 173,000 | 169,502 |
3.90%, 01/15/43 (a) | 175,000 | 152,546 |
4.38%, 06/15/45 (a) | 139,000 | 126,450 |
Regal Rexnord Corp. | ||
6.05%, 02/15/26 (d) | 325,000 | 328,637 |
6.05%, 04/15/28 (a)(d) | 350,000 | 354,856 |
6.30%, 02/15/30 (a)(d) | 375,000 | 386,325 |
6.40%, 04/15/33 (a)(d) | 400,000 | 418,376 |
Republic Services, Inc. | ||
0.88%, 11/15/25 (a) | 200,000 | 185,439 |
2.90%, 07/01/26 (a) | 200,000 | 192,293 |
3.38%, 11/15/27 (a) | 300,000 | 288,492 |
3.95%, 05/15/28 (a) | 75,000 | 73,634 |
4.88%, 04/01/29 (a) | 150,000 | 153,030 |
2.30%, 03/01/30 (a) | 200,000 | 176,411 |
1.45%, 02/15/31 (a) | 275,000 | 223,803 |
1.75%, 02/15/32 (a) | 250,000 | 203,940 |
5.00%, 12/15/33 (a) | 150,000 | 153,252 |
5.00%, 04/01/34 (a) | 250,000 | 256,188 |
6.20%, 03/01/40 | 100,000 | 112,322 |
5.70%, 05/15/41 (a) | 75,000 | 81,015 |
3.05%, 03/01/50 (a) | 150,000 | 110,886 |
Rockwell Automation, Inc. | ||
2.88%, 03/01/25 (a) | 100,000 | 97,810 |
3.50%, 03/01/29 (a) | 150,000 | 145,525 |
1.75%, 08/15/31 (a) | 150,000 | 124,063 |
4.20%, 03/01/49 (a) | 100,000 | 90,144 |
2.80%, 08/15/61 (a) | 150,000 | 97,664 |
RTX Corp. | ||
3.95%, 08/16/25 (a) | 400,000 | 394,365 |
5.00%, 02/27/26 (a) | 250,000 | 251,169 |
2.65%, 11/01/26 (a) | 200,000 | 189,509 |
5.75%, 11/08/26 (a) | 500,000 | 513,609 |
3.50%, 03/15/27 (a) | 200,000 | 192,897 |
3.13%, 05/04/27 (a) | 350,000 | 333,205 |
7.20%, 08/15/27 | 50,000 | 54,101 |
4.13%, 11/16/28 (a) | 875,000 | 855,114 |
7.50%, 09/15/29 | 150,000 | 169,555 |
2.25%, 07/01/30 (a) | 250,000 | 216,124 |
6.00%, 03/15/31 (a) | 250,000 | 266,470 |
1.90%, 09/01/31 (a) | 350,000 | 285,056 |
5.15%, 02/27/33 (a) | 350,000 | 357,009 |
6.10%, 03/15/34 (a) | 500,000 | 542,999 |
5.40%, 05/01/35 | 250,000 | 258,584 |
6.05%, 06/01/36 | 100,000 | 108,560 |
6.13%, 07/15/38 | 300,000 | 327,796 |
4.45%, 11/16/38 (a) | 300,000 | 276,665 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.70%, 04/15/40 | 100,000 | 104,462 |
4.88%, 10/15/40 (d) | 150,000 | 143,503 |
4.70%, 12/15/41 | 150,000 | 139,095 |
4.50%, 06/01/42 | 1,000,000 | 911,510 |
4.80%, 12/15/43 (a) | 100,000 | 93,237 |
4.15%, 05/15/45 (a) | 130,000 | 111,132 |
3.75%, 11/01/46 (a) | 375,000 | 298,596 |
4.35%, 04/15/47 (a) | 250,000 | 218,886 |
4.05%, 05/04/47 (a) | 185,000 | 154,632 |
4.63%, 11/16/48 (a) | 450,000 | 412,405 |
3.13%, 07/01/50 (a) | 400,000 | 283,213 |
2.82%, 09/01/51 (a) | 350,000 | 231,464 |
3.03%, 03/15/52 (a) | 360,000 | 249,328 |
5.38%, 02/27/53 (a) | 200,000 | 203,830 |
6.40%, 03/15/54 (a) | 500,000 | 579,613 |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 75,000 | 72,520 |
4.10%, 03/01/48 (a) | 140,000 | 124,754 |
3.10%, 05/01/50 (a) | 225,000 | 172,776 |
Sonoco Products Co. | ||
1.80%, 02/01/25 (a) | 125,000 | 120,324 |
3.13%, 05/01/30 (a) | 200,000 | 181,093 |
2.85%, 02/01/32 (a) | 100,000 | 85,463 |
5.75%, 11/01/40 (a) | 230,000 | 235,987 |
Stanley Black & Decker, Inc. | ||
2.30%, 02/24/25 (a) | 150,000 | 145,009 |
3.40%, 03/01/26 (a) | 150,000 | 145,180 |
6.00%, 03/06/28 (a) | 125,000 | 131,621 |
4.25%, 11/15/28 (a) | 150,000 | 147,109 |
2.30%, 03/15/30 (a) | 250,000 | 212,837 |
3.00%, 05/15/32 (a)(c) | 125,000 | 108,276 |
5.20%, 09/01/40 | 134,000 | 130,865 |
4.85%, 11/15/48 (a) | 175,000 | 158,778 |
2.75%, 11/15/50 (a) | 235,000 | 145,020 |
4.00%, 03/15/60 (a)(b) | 215,000 | 179,916 |
Teledyne Technologies, Inc. | ||
1.60%, 04/01/26 (a) | 150,000 | 139,228 |
2.25%, 04/01/28 (a) | 200,000 | 181,354 |
2.75%, 04/01/31 (a) | 300,000 | 261,567 |
Textron, Inc. | ||
3.88%, 03/01/25 (a) | 100,000 | 98,422 |
4.00%, 03/15/26 (a) | 135,000 | 132,389 |
3.65%, 03/15/27 (a) | 150,000 | 144,166 |
3.38%, 03/01/28 (a) | 100,000 | 94,619 |
3.90%, 09/17/29 (a) | 185,000 | 176,414 |
2.45%, 03/15/31 (a) | 150,000 | 127,851 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 150,000 | 146,034 |
Trane Technologies Financing Ltd. | ||
3.80%, 03/21/29 (a) | 200,000 | 193,976 |
5.25%, 03/03/33 (a) | 200,000 | 207,436 |
4.65%, 11/01/44 (a) | 100,000 | 93,142 |
Trane Technologies Global Holding Co. Ltd. | ||
3.75%, 08/21/28 (a) | 300,000 | 293,030 |
5.75%, 06/15/43 | 150,000 | 161,584 |
4.30%, 02/21/48 (a) | 150,000 | 135,217 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 180,000 | 162,782 |
5.25%, 10/01/54 (a) | 100,000 | 90,422 |
Veralto Corp. | ||
5.50%, 09/18/26 (a)(d) | 200,000 | 203,364 |
5.35%, 09/18/28 (a)(d) | 200,000 | 205,073 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 150,000 | 138,026 |
2.40%, 04/01/28 (a) | 190,000 | 168,111 |
2.95%, 04/01/31 (a) | 225,000 | 189,555 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 50,000 | 49,462 |
5.80%, 03/01/26 (a) | 58,000 | 58,057 |
3.90%, 04/01/27 (a) | 150,000 | 145,247 |
3.50%, 06/01/30 (a) | 250,000 | 232,889 |
4.50%, 06/15/47 (a) | 200,000 | 181,215 |
4.70%, 03/01/48 (a) | 150,000 | 140,714 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 200,000 | 199,111 |
3.50%, 05/01/29 (a) | 184,000 | 176,230 |
2.60%, 02/01/30 (a) | 200,000 | 179,839 |
2.20%, 01/15/32 (a) | 250,000 | 208,971 |
3.20%, 06/01/32 (a) | 100,000 | 89,949 |
3.05%, 04/01/50 (a) | 225,000 | 163,250 |
2.95%, 01/15/52 (a) | 300,000 | 212,172 |
Waste Management, Inc. | ||
0.75%, 11/15/25 (a) | 300,000 | 278,934 |
3.15%, 11/15/27 (a) | 300,000 | 287,627 |
1.15%, 03/15/28 (a) | 250,000 | 220,217 |
2.00%, 06/01/29 (a) | 140,000 | 124,766 |
4.63%, 02/15/30 (a) | 250,000 | 253,091 |
1.50%, 03/15/31 (a) | 200,000 | 163,564 |
4.15%, 04/15/32 (a) | 200,000 | 195,528 |
4.63%, 02/15/33 (a) | 150,000 | 150,653 |
4.88%, 02/15/34 (a) | 350,000 | 357,474 |
4.10%, 03/01/45 (a) | 150,000 | 135,647 |
4.15%, 07/15/49 (a) | 250,000 | 226,084 |
2.50%, 11/15/50 (a) | 250,000 | 166,790 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 200,000 | 193,665 |
3.45%, 11/15/26 (a) | 200,000 | 191,396 |
4.70%, 09/15/28 (a)(g) | 350,000 | 346,446 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 300,000 | 289,786 |
4.60%, 06/15/45 (a) | 150,000 | 144,898 |
4.20%, 05/15/47 (a) | 225,000 | 203,004 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 160,000 | 154,320 |
1.95%, 01/30/28 (a) | 100,000 | 90,605 |
2.25%, 01/30/31 (a) | 150,000 | 128,677 |
4.38%, 11/01/46 (a) | 145,000 | 126,344 |
99,864,812 | ||
Communications 2.1% | ||
America Movil SAB de CV | ||
3.63%, 04/22/29 (a) | 300,000 | 283,902 |
2.88%, 05/07/30 (a) | 425,000 | 379,041 |
6.38%, 03/01/35 | 350,000 | 391,192 |
6.13%, 11/15/37 | 100,000 | 109,210 |
6.13%, 03/30/40 | 625,000 | 681,900 |
4.38%, 07/16/42 | 300,000 | 271,219 |
4.38%, 04/22/49 (a) | 350,000 | 311,609 |
American Tower Corp. | ||
2.95%, 01/15/25 (a) | 280,000 | 273,253 |
2.40%, 03/15/25 (a) | 150,000 | 145,169 |
4.00%, 06/01/25 (a) | 100,000 | 98,408 |
4.40%, 02/15/26 (a) | 300,000 | 296,540 |
1.60%, 04/15/26 (a) | 360,000 | 333,136 |
1.45%, 09/15/26 (a) | 15,000 | 13,685 |
3.38%, 10/15/26 (a) | 425,000 | 407,797 |
2.75%, 01/15/27 (a) | 65,000 | 60,977 |
3.13%, 01/15/27 (a) | 150,000 | 142,028 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.65%, 03/15/27 (a) | 225,000 | 216,690 |
3.55%, 07/15/27 (a) | 250,000 | 240,171 |
3.60%, 01/15/28 (a) | 300,000 | 286,256 |
1.50%, 01/31/28 (a) | 250,000 | 218,712 |
5.80%, 11/15/28 (a) | 205,000 | 213,565 |
3.95%, 03/15/29 (a) | 600,000 | 573,902 |
3.80%, 08/15/29 (a) | 395,000 | 375,118 |
2.90%, 01/15/30 (a) | 185,000 | 165,422 |
1.88%, 10/15/30 (a) | 400,000 | 328,319 |
2.70%, 04/15/31 (a) | 200,000 | 172,158 |
2.30%, 09/15/31 (a) | 200,000 | 165,770 |
4.05%, 03/15/32 (a) | 250,000 | 234,645 |
5.65%, 03/15/33 (a) | 200,000 | 208,089 |
5.55%, 07/15/33 (a) | 350,000 | 363,075 |
3.70%, 10/15/49 (a) | 250,000 | 190,061 |
3.10%, 06/15/50 (a) | 325,000 | 222,523 |
2.95%, 01/15/51 (a) | 275,000 | 183,621 |
AT&T, Inc. | ||
3.88%, 01/15/26 (a) | 125,000 | 122,591 |
5.54%, 02/20/26 (a) | 525,000 | 525,566 |
1.70%, 03/25/26 (a) | 850,000 | 795,358 |
2.95%, 07/15/26 (a) | 100,000 | 95,531 |
3.80%, 02/15/27 (a) | 250,000 | 244,071 |
4.25%, 03/01/27 (a) | 420,000 | 415,563 |
2.30%, 06/01/27 (a) | 700,000 | 650,171 |
1.65%, 02/01/28 (a) | 800,000 | 712,782 |
4.10%, 02/15/28 (a) | 350,000 | 342,422 |
4.35%, 03/01/29 (a) | 950,000 | 938,350 |
4.30%, 02/15/30 (a) | 800,000 | 783,410 |
2.75%, 06/01/31 (a) | 900,000 | 789,206 |
2.25%, 02/01/32 (a) | 800,000 | 662,150 |
2.55%, 12/01/33 (a) | 1,241,000 | 1,013,388 |
5.40%, 02/15/34 (a) | 765,000 | 789,604 |
4.50%, 05/15/35 (a) | 710,000 | 673,968 |
5.25%, 03/01/37 (a) | 300,000 | 301,645 |
4.90%, 08/15/37 (a) | 239,000 | 231,581 |
6.30%, 01/15/38 | 175,000 | 192,594 |
4.85%, 03/01/39 (a) | 300,000 | 287,062 |
5.35%, 09/01/40 | 250,000 | 247,314 |
3.50%, 06/01/41 (a) | 700,000 | 556,605 |
5.55%, 08/15/41 | 175,000 | 178,131 |
4.30%, 12/15/42 (a) | 450,000 | 392,013 |
3.10%, 02/01/43 (a)(c) | 300,000 | 226,654 |
4.65%, 06/01/44 (a) | 155,000 | 138,250 |
4.80%, 06/15/44 (a) | 50,000 | 45,892 |
4.35%, 06/15/45 (a) | 350,000 | 303,097 |
4.75%, 05/15/46 (a) | 550,000 | 499,199 |
5.15%, 11/15/46 (a) | 300,000 | 289,365 |
5.65%, 02/15/47 (a) | 250,000 | 260,625 |
5.45%, 03/01/47 (a) | 128,000 | 127,954 |
4.50%, 03/09/48 (a) | 500,000 | 438,265 |
4.55%, 03/09/49 (a) | 309,000 | 271,170 |
5.15%, 02/15/50 (a) | 200,000 | 193,006 |
3.65%, 06/01/51 (a) | 875,000 | 660,713 |
3.30%, 02/01/52 (a) | 275,000 | 196,817 |
3.50%, 09/15/53 (a) | 2,115,000 | 1,538,650 |
3.55%, 09/15/55 (a) | 2,105,000 | 1,517,719 |
3.80%, 12/01/57 (a) | 1,700,000 | 1,265,882 |
3.65%, 09/15/59 (a) | 1,820,000 | 1,307,135 |
3.85%, 06/01/60 (a) | 400,000 | 298,899 |
3.50%, 02/01/61 (a) | 100,000 | 70,055 |
Bell Telephone Co. of Canada or Bell Canada | ||
5.10%, 05/11/33 (a) | 300,000 | 307,787 |
4.46%, 04/01/48 (a) | 500,000 | 450,506 |
4.30%, 07/29/49 (a) | 50,000 | 43,051 |
3.20%, 02/15/52 (a) | 300,000 | 212,815 |
3.65%, 08/15/52 (a) | 250,000 | 193,785 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 625,000 | 635,181 |
9.63%, 12/15/30 (g) | 400,000 | 495,661 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 1,265,000 | 1,253,523 |
6.15%, 11/10/26 (a) | 485,000 | 496,205 |
3.75%, 02/15/28 (a) | 265,000 | 250,699 |
4.20%, 03/15/28 (a) | 400,000 | 384,810 |
2.25%, 01/15/29 (a) | 200,000 | 173,852 |
5.05%, 03/30/29 (a) | 375,000 | 371,601 |
2.80%, 04/01/31 (a) | 500,000 | 422,536 |
2.30%, 02/01/32 (a) | 300,000 | 239,026 |
4.40%, 04/01/33 (a) | 150,000 | 138,971 |
6.65%, 02/01/34 (a) | 50,000 | 52,848 |
6.38%, 10/23/35 (a) | 600,000 | 610,185 |
5.38%, 04/01/38 (a) | 250,000 | 226,736 |
3.50%, 06/01/41 (a) | 300,000 | 212,416 |
3.50%, 03/01/42 (a) | 400,000 | 279,578 |
6.48%, 10/23/45 (a) | 1,000,000 | 983,571 |
5.38%, 05/01/47 (a) | 700,000 | 598,517 |
5.75%, 04/01/48 (a) | 700,000 | 622,597 |
5.13%, 07/01/49 (a) | 450,000 | 366,945 |
4.80%, 03/01/50 (a) | 925,000 | 721,899 |
3.70%, 04/01/51 (a) | 650,000 | 423,980 |
3.90%, 06/01/52 (a) | 675,000 | 455,225 |
5.25%, 04/01/53 (a) | 400,000 | 336,452 |
6.83%, 10/23/55 (a) | 160,000 | 160,818 |
3.85%, 04/01/61 (a) | 500,000 | 314,503 |
4.40%, 12/01/61 (a) | 375,000 | 260,242 |
3.95%, 06/30/62 (a) | 435,000 | 276,882 |
5.50%, 04/01/63 (a) | 300,000 | 251,341 |
Comcast Corp. | ||
3.38%, 08/15/25 (a) | 300,000 | 293,354 |
3.95%, 10/15/25 (a) | 940,000 | 928,194 |
5.25%, 11/07/25 | 300,000 | 303,424 |
3.15%, 03/01/26 (a) | 500,000 | 485,560 |
2.35%, 01/15/27 (a) | 450,000 | 423,070 |
3.30%, 02/01/27 (a) | 380,000 | 366,982 |
3.30%, 04/01/27 (a) | 25,000 | 24,088 |
5.35%, 11/15/27 (a) | 200,000 | 206,807 |
3.15%, 02/15/28 (a) | 500,000 | 476,896 |
3.55%, 05/01/28 (a) | 292,000 | 282,242 |
4.15%, 10/15/28 (a) | 1,200,000 | 1,184,313 |
2.65%, 02/01/30 (a) | 600,000 | 540,101 |
3.40%, 04/01/30 (a) | 500,000 | 468,466 |
4.25%, 10/15/30 (a) | 425,000 | 419,209 |
1.95%, 01/15/31 (a) | 500,000 | 421,978 |
1.50%, 02/15/31 (a) | 500,000 | 408,143 |
5.50%, 11/15/32 (a) | 300,000 | 319,681 |
4.25%, 01/15/33 | 550,000 | 534,682 |
7.05%, 03/15/33 | 250,000 | 292,375 |
4.20%, 08/15/34 (a) | 350,000 | 334,917 |
5.65%, 06/15/35 | 300,000 | 322,641 |
4.40%, 08/15/35 (a) | 230,000 | 221,798 |
6.50%, 11/15/35 | 150,000 | 171,644 |
3.20%, 07/15/36 (a) | 375,000 | 316,097 |
6.95%, 08/15/37 | 50,000 | 59,263 |
3.90%, 03/01/38 (a) | 350,000 | 313,481 |
4.60%, 10/15/38 (a) | 300,000 | 290,968 |
3.25%, 11/01/39 (a) | 425,000 | 345,260 |
3.75%, 04/01/40 (a) | 450,000 | 387,564 |
4.65%, 07/15/42 | 150,000 | 141,387 |
4.75%, 03/01/44 | 200,000 | 190,255 |
4.60%, 08/15/45 (a) | 250,000 | 235,048 |
3.40%, 07/15/46 (a) | 400,000 | 310,499 |
4.00%, 08/15/47 (a) | 276,000 | 233,364 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.97%, 11/01/47 (a) | 598,000 | 502,748 |
4.00%, 03/01/48 (a) | 300,000 | 252,922 |
4.70%, 10/15/48 (a) | 550,000 | 525,858 |
4.00%, 11/01/49 (a) | 600,000 | 502,931 |
3.45%, 02/01/50 (a) | 550,000 | 423,190 |
2.80%, 01/15/51 (a) | 500,000 | 333,734 |
2.89%, 11/01/51 (a) | 1,433,000 | 970,684 |
2.45%, 08/15/52 (a) | 500,000 | 311,914 |
4.05%, 11/01/52 (a) | 303,000 | 255,896 |
5.35%, 05/15/53 (a) | 500,000 | 518,761 |
2.94%, 11/01/56 (a) | 1,688,000 | 1,112,592 |
4.95%, 10/15/58 (a) | 300,000 | 296,097 |
2.65%, 08/15/62 (a) | 350,000 | 215,509 |
2.99%, 11/01/63 (a) | 1,050,000 | 678,813 |
5.50%, 05/15/64 (a) | 400,000 | 421,619 |
Crown Castle, Inc. | ||
1.35%, 07/15/25 (a) | 200,000 | 189,025 |
4.45%, 02/15/26 (a) | 300,000 | 295,658 |
3.70%, 06/15/26 (a) | 250,000 | 241,687 |
1.05%, 07/15/26 (a) | 250,000 | 225,893 |
4.00%, 03/01/27 (a) | 200,000 | 193,782 |
2.90%, 03/15/27 (a) | 250,000 | 234,266 |
3.65%, 09/01/27 (a) | 485,000 | 461,799 |
3.80%, 02/15/28 (a) | 300,000 | 285,558 |
4.30%, 02/15/29 (a) | 150,000 | 144,575 |
3.10%, 11/15/29 (a) | 300,000 | 269,015 |
3.30%, 07/01/30 (a) | 200,000 | 179,513 |
2.25%, 01/15/31 (a) | 350,000 | 290,157 |
2.10%, 04/01/31 (a) | 300,000 | 244,559 |
2.50%, 07/15/31 (a) | 250,000 | 208,658 |
5.10%, 05/01/33 (a) | 200,000 | 198,608 |
5.80%, 03/01/34 (a) | 200,000 | 207,266 |
2.90%, 04/01/41 (a) | 300,000 | 214,737 |
4.75%, 05/15/47 (a) | 150,000 | 131,036 |
5.20%, 02/15/49 (a) | 125,000 | 118,396 |
4.00%, 11/15/49 (a) | 75,000 | 59,429 |
4.15%, 07/01/50 (a) | 300,000 | 243,662 |
3.25%, 01/15/51 (a) | 250,000 | 175,336 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (g) | 1,150,000 | 1,387,209 |
9.25%, 06/01/32 | 50,000 | 64,953 |
Discovery Communications LLC | ||
3.45%, 03/15/25 (a) | 250,000 | 243,747 |
3.95%, 06/15/25 (a) | 225,000 | 219,953 |
4.90%, 03/11/26 (a) | 100,000 | 99,829 |
3.95%, 03/20/28 (a) | 635,000 | 605,574 |
4.13%, 05/15/29 (a) | 250,000 | 237,287 |
3.63%, 05/15/30 (a) | 250,000 | 227,050 |
5.00%, 09/20/37 (a) | 150,000 | 134,858 |
6.35%, 06/01/40 | 200,000 | 201,310 |
4.88%, 04/01/43 | 125,000 | 104,607 |
5.20%, 09/20/47 (a) | 375,000 | 324,061 |
5.30%, 05/15/49 (a) | 225,000 | 194,708 |
4.65%, 05/15/50 (a) | 300,000 | 241,713 |
4.00%, 09/15/55 (a) | 439,000 | 312,535 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 75,173 |
1.85%, 02/15/31 (a) | 250,000 | 208,878 |
2.95%, 02/15/51 (a) | 250,000 | 176,958 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 150,000 | 146,101 |
4.71%, 01/25/29 (a) | 550,000 | 547,558 |
3.50%, 04/08/30 (a) | 200,000 | 184,649 |
6.50%, 10/13/33 (a) | 350,000 | 379,168 |
5.48%, 01/25/39 (a) | 350,000 | 341,845 |
5.58%, 01/25/49 (a) | 475,000 | 456,826 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Grupo Televisa SAB | ||
8.50%, 03/11/32 | 100,000 | 117,484 |
6.63%, 01/15/40 | 200,000 | 210,698 |
5.00%, 05/13/45 (a) | 200,000 | 172,286 |
6.13%, 01/31/46 (a) | 250,000 | 250,326 |
5.25%, 05/24/49 (a) | 200,000 | 179,820 |
Interpublic Group of Cos., Inc. | ||
4.75%, 03/30/30 (a) | 300,000 | 295,685 |
2.40%, 03/01/31 (a) | 200,000 | 169,643 |
5.40%, 10/01/48 (a) | 200,000 | 190,032 |
Koninklijke KPN NV | ||
8.38%, 10/01/30 | 200,000 | 235,902 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 800,000 | 779,086 |
4.60%, 05/15/28 (a) | 400,000 | 406,292 |
4.80%, 05/15/30 (a) | 350,000 | 358,870 |
3.85%, 08/15/32 (a) | 975,000 | 927,937 |
4.95%, 05/15/33 (a) | 500,000 | 516,474 |
4.45%, 08/15/52 (a) | 700,000 | 644,174 |
5.60%, 05/15/53 (a) | 600,000 | 651,319 |
4.65%, 08/15/62 (a) | 425,000 | 396,978 |
5.75%, 05/15/63 (a) | 500,000 | 548,327 |
NBCUniversal Media LLC | ||
6.40%, 04/30/40 | 300,000 | 337,230 |
5.95%, 04/01/41 | 175,000 | 190,404 |
4.45%, 01/15/43 | 200,000 | 183,236 |
Netflix, Inc. | ||
5.88%, 02/15/25 | 250,000 | 252,048 |
4.38%, 11/15/26 | 300,000 | 298,724 |
4.88%, 04/15/28 | 450,000 | 455,914 |
5.88%, 11/15/28 | 500,000 | 528,539 |
6.38%, 05/15/29 | 250,000 | 272,478 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 225,000 | 195,786 |
4.20%, 06/01/30 (a) | 320,000 | 310,434 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26 (a) | 350,000 | 341,365 |
Orange SA | ||
9.00%, 03/01/31 | 800,000 | 989,292 |
5.38%, 01/13/42 | 250,000 | 255,003 |
5.50%, 02/06/44 (a) | 150,000 | 156,378 |
Paramount Global | ||
2.90%, 01/15/27 (a) | 250,000 | 231,729 |
3.38%, 02/15/28 (a) | 50,000 | 45,751 |
3.70%, 06/01/28 (a) | 150,000 | 138,812 |
4.20%, 06/01/29 (a) | 169,000 | 158,405 |
7.88%, 07/30/30 | 225,000 | 243,978 |
4.95%, 01/15/31 (a)(c) | 250,000 | 237,541 |
4.20%, 05/19/32 (a) | 325,000 | 290,773 |
5.50%, 05/15/33 | 200,000 | 189,960 |
6.88%, 04/30/36 | 325,000 | 330,324 |
5.90%, 10/15/40 (a) | 100,000 | 90,924 |
4.85%, 07/01/42 (a) | 150,000 | 120,455 |
4.38%, 03/15/43 | 450,000 | 334,391 |
5.85%, 09/01/43 (a) | 300,000 | 270,795 |
5.25%, 04/01/44 (a) | 125,000 | 102,895 |
4.90%, 08/15/44 (a) | 220,000 | 174,937 |
4.60%, 01/15/45 (a) | 125,000 | 95,286 |
4.95%, 05/19/50 (a) | 300,000 | 243,773 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a) | 280,000 | 272,333 |
3.63%, 12/15/25 (a) | 240,000 | 233,240 |
2.90%, 11/15/26 (a) | 140,000 | 132,985 |
3.20%, 03/15/27 (a) | 360,000 | 343,736 |
3.80%, 03/15/32 (a) | 550,000 | 507,082 |
7.50%, 08/15/38 | 100,000 | 115,822 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 03/15/42 (a) | 200,000 | 176,868 |
4.50%, 03/15/43 (a) | 200,000 | 177,374 |
5.45%, 10/01/43 (a) | 200,000 | 194,713 |
5.00%, 03/15/44 (a) | 350,000 | 328,578 |
4.30%, 02/15/48 (a) | 215,000 | 179,770 |
4.35%, 05/01/49 (a) | 300,000 | 254,115 |
3.70%, 11/15/49 (a) | 300,000 | 227,670 |
4.55%, 03/15/52 (a) | 450,000 | 393,491 |
Sprint Capital Corp. | ||
6.88%, 11/15/28 | 700,000 | 759,287 |
8.75%, 03/15/32 | 575,000 | 709,714 |
Sprint LLC | ||
7.63%, 02/15/25 (a) | 400,000 | 407,234 |
7.63%, 03/01/26 (a) | 450,000 | 470,112 |
Take-Two Interactive Software, Inc. | ||
3.55%, 04/14/25 | 100,000 | 97,971 |
5.00%, 03/28/26 | 250,000 | 251,045 |
3.70%, 04/14/27 (a) | 250,000 | 242,378 |
4.00%, 04/14/32 (a) | 200,000 | 190,499 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 200,000 | 212,515 |
7.13%, 02/15/28 | 250,000 | 274,084 |
Telefonica Emisiones SA | ||
4.10%, 03/08/27 | 350,000 | 343,326 |
7.05%, 06/20/36 | 550,000 | 622,922 |
5.21%, 03/08/47 | 760,000 | 707,249 |
4.90%, 03/06/48 | 375,000 | 331,530 |
5.52%, 03/01/49 (a) | 350,000 | 338,733 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 400,000 | 469,364 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 150,000 | 141,484 |
3.70%, 09/15/27 (a) | 250,000 | 240,440 |
3.40%, 05/13/32 (a) | 250,000 | 223,061 |
4.60%, 11/16/48 (a) | 200,000 | 178,792 |
4.30%, 06/15/49 (a) | 200,000 | 167,946 |
Time Warner Cable Enterprises LLC | ||
8.38%, 07/15/33 | 300,000 | 349,121 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 | 415,000 | 409,392 |
7.30%, 07/01/38 | 400,000 | 414,818 |
6.75%, 06/15/39 | 435,000 | 433,411 |
5.88%, 11/15/40 (a) | 385,000 | 350,768 |
5.50%, 09/01/41 (a) | 375,000 | 329,691 |
4.50%, 09/15/42 (a) | 375,000 | 296,593 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 850,000 | 832,490 |
1.50%, 02/15/26 (a) | 450,000 | 419,432 |
2.25%, 02/15/26 (a) | 500,000 | 474,118 |
2.63%, 04/15/26 (a) | 325,000 | 309,399 |
3.75%, 04/15/27 (a) | 1,200,000 | 1,164,701 |
5.38%, 04/15/27 (a) | 450,000 | 451,896 |
4.75%, 02/01/28 (a) | 450,000 | 448,746 |
2.05%, 02/15/28 (a) | 600,000 | 541,778 |
4.95%, 03/15/28 (a) | 300,000 | 304,824 |
4.80%, 07/15/28 (a) | 250,000 | 252,108 |
2.63%, 02/15/29 (a) | 325,000 | 293,049 |
2.40%, 03/15/29 (a) | 200,000 | 179,487 |
3.38%, 04/15/29 (a) | 800,000 | 743,804 |
3.88%, 04/15/30 (a) | 1,750,000 | 1,661,837 |
2.55%, 02/15/31 (a) | 750,000 | 645,897 |
2.88%, 02/15/31 (a) | 200,000 | 176,179 |
3.50%, 04/15/31 (a) | 825,000 | 755,423 |
2.25%, 11/15/31 (a) | 250,000 | 208,223 |
2.70%, 03/15/32 (a) | 450,000 | 384,219 |
5.20%, 01/15/33 (a) | 250,000 | 256,329 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.05%, 07/15/33 (a) | 350,000 | 353,164 |
4.38%, 04/15/40 (a) | 525,000 | 475,852 |
3.00%, 02/15/41 (a) | 600,000 | 450,379 |
4.50%, 04/15/50 (a) | 825,000 | 730,545 |
3.30%, 02/15/51 (a) | 850,000 | 615,863 |
3.40%, 10/15/52 (a) | 900,000 | 657,809 |
5.65%, 01/15/53 (a) | 400,000 | 417,668 |
5.75%, 01/15/54 (a) | 500,000 | 530,811 |
6.00%, 06/15/54 (a) | 250,000 | 274,901 |
3.60%, 11/15/60 (a) | 500,000 | 365,771 |
5.80%, 09/15/62 (a) | 200,000 | 214,125 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 194,880 |
3.00%, 02/13/26 | 350,000 | 338,650 |
1.85%, 07/30/26 | 200,000 | 187,272 |
2.95%, 06/15/27 | 150,000 | 144,020 |
7.00%, 03/01/32 | 150,000 | 175,719 |
4.38%, 08/16/41 | 150,000 | 138,219 |
4.13%, 12/01/41 | 200,000 | 179,656 |
4.13%, 06/01/44 | 330,000 | 294,957 |
3.00%, 07/30/46 | 150,000 | 110,452 |
Verizon Communications, Inc. | ||
3.38%, 02/15/25 | 525,000 | 515,447 |
0.85%, 11/20/25 (a) | 400,000 | 371,934 |
1.45%, 03/20/26 (a) | 650,000 | 605,606 |
2.63%, 08/15/26 | 425,000 | 405,209 |
4.13%, 03/16/27 | 720,000 | 709,941 |
3.00%, 03/22/27 (a) | 250,000 | 237,886 |
2.10%, 03/22/28 (a) | 870,000 | 786,984 |
4.33%, 09/21/28 | 1,174,000 | 1,162,218 |
3.88%, 02/08/29 (a) | 525,000 | 509,310 |
4.02%, 12/03/29 (a) | 1,232,000 | 1,192,830 |
3.15%, 03/22/30 (a) | 470,000 | 430,165 |
1.50%, 09/18/30 (a) | 300,000 | 247,512 |
1.68%, 10/30/30 (a) | 418,000 | 344,566 |
7.75%, 12/01/30 | 150,000 | 175,998 |
1.75%, 01/20/31 (a) | 600,000 | 493,947 |
2.55%, 03/21/31 (a) | 1,100,000 | 949,159 |
2.36%, 03/15/32 (a) | 1,290,000 | 1,074,510 |
5.05%, 05/09/33 (a) | 300,000 | 306,465 |
4.50%, 08/10/33 | 500,000 | 488,168 |
4.40%, 11/01/34 (a) | 550,000 | 530,133 |
4.27%, 01/15/36 | 350,000 | 329,780 |
5.25%, 03/16/37 | 400,000 | 416,526 |
4.81%, 03/15/39 | 400,000 | 387,503 |
2.65%, 11/20/40 (a) | 900,000 | 649,751 |
3.40%, 03/22/41 (a) | 1,100,000 | 878,224 |
2.85%, 09/03/41 (a) | 35,000 | 25,902 |
4.75%, 11/01/41 | 50,000 | 48,626 |
3.85%, 11/01/42 (a) | 206,000 | 173,341 |
6.55%, 09/15/43 | 200,000 | 230,978 |
4.13%, 08/15/46 | 350,000 | 301,155 |
4.86%, 08/21/46 | 650,000 | 621,415 |
4.52%, 09/15/48 | 400,000 | 365,747 |
4.00%, 03/22/50 (a) | 350,000 | 290,739 |
2.88%, 11/20/50 (a) | 1,050,000 | 715,262 |
3.55%, 03/22/51 (a) | 1,350,000 | 1,041,504 |
3.88%, 03/01/52 (a) | 250,000 | 203,222 |
5.01%, 08/21/54 | 200,000 | 197,019 |
4.67%, 03/15/55 | 225,000 | 209,287 |
2.99%, 10/30/56 (a) | 1,000,000 | 665,623 |
3.00%, 11/20/60 (a) | 550,000 | 361,393 |
3.70%, 03/22/61 (a) | 1,150,000 | 879,837 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 480,000 | 474,189 |
4.38%, 05/30/28 | 300,000 | 299,623 |
7.88%, 02/15/30 | 200,000 | 229,563 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.25%, 11/30/32 | 135,000 | 147,340 |
6.15%, 02/27/37 | 430,000 | 465,794 |
5.00%, 05/30/38 | 250,000 | 251,282 |
4.38%, 02/19/43 | 400,000 | 349,486 |
5.25%, 05/30/48 | 400,000 | 390,561 |
4.88%, 06/19/49 | 500,000 | 454,391 |
4.25%, 09/17/50 | 475,000 | 395,603 |
5.13%, 06/19/59 | 240,000 | 219,398 |
5.75%, 02/10/63 (a) | 100,000 | 101,777 |
Walt Disney Co. | ||
3.35%, 03/24/25 | 500,000 | 490,903 |
3.70%, 10/15/25 (a) | 160,000 | 157,306 |
1.75%, 01/13/26 | 500,000 | 473,364 |
3.38%, 11/15/26 (a) | 200,000 | 194,325 |
3.70%, 03/23/27 | 200,000 | 197,093 |
2.20%, 01/13/28 | 350,000 | 324,167 |
2.00%, 09/01/29 (a) | 625,000 | 555,533 |
3.80%, 03/22/30 | 100,000 | 97,194 |
2.65%, 01/13/31 | 700,000 | 623,521 |
6.55%, 03/15/33 | 175,000 | 202,873 |
6.20%, 12/15/34 | 200,000 | 226,568 |
6.40%, 12/15/35 | 250,000 | 286,716 |
6.15%, 03/01/37 | 100,000 | 111,203 |
6.65%, 11/15/37 | 350,000 | 411,691 |
4.63%, 03/23/40 (a) | 250,000 | 244,066 |
3.50%, 05/13/40 (a) | 525,000 | 443,239 |
6.15%, 02/15/41 | 175,000 | 196,920 |
5.40%, 10/01/43 | 50,000 | 52,445 |
4.75%, 09/15/44 (a) | 190,000 | 183,713 |
4.95%, 10/15/45 (a) | 135,000 | 132,836 |
7.75%, 12/01/45 | 100,000 | 133,838 |
4.75%, 11/15/46 (a) | 125,000 | 119,994 |
2.75%, 09/01/49 (a) | 500,000 | 343,837 |
4.70%, 03/23/50 (a)(c) | 550,000 | 535,205 |
3.60%, 01/13/51 (a) | 890,000 | 716,052 |
3.80%, 05/13/60 (a) | 475,000 | 386,882 |
Warnermedia Holdings, Inc. | ||
3.64%, 03/15/25 | 515,000 | 504,271 |
3.79%, 03/15/25 (a) | 90,000 | 88,183 |
6.41%, 03/15/26 (a) | 180,000 | 180,188 |
3.76%, 03/15/27 (a) | 1,200,000 | 1,150,474 |
4.05%, 03/15/29 (a) | 450,000 | 426,986 |
4.28%, 03/15/32 (a) | 1,350,000 | 1,235,420 |
5.05%, 03/15/42 (a) | 1,225,000 | 1,080,814 |
5.14%, 03/15/52 (a) | 1,975,000 | 1,699,798 |
5.39%, 03/15/62 (a) | 800,000 | 688,022 |
Weibo Corp. | ||
3.38%, 07/08/30 (a) | 215,000 | 185,172 |
160,243,957 | ||
Consumer Cyclical 1.8% | ||
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 700,000 | 664,255 |
2.13%, 02/09/31 (a)(c) | 450,000 | 373,060 |
4.50%, 11/28/34 (a) | 200,000 | 188,136 |
4.00%, 12/06/37 (a) | 300,000 | 259,191 |
2.70%, 02/09/41 (a) | 250,000 | 171,705 |
4.20%, 12/06/47 (a) | 350,000 | 286,087 |
3.15%, 02/09/51 (a) | 425,000 | 282,856 |
4.40%, 12/06/57 (a) | 300,000 | 244,590 |
3.25%, 02/09/61 (a) | 300,000 | 190,360 |
Amazon.com, Inc. | ||
3.00%, 04/13/25 | 500,000 | 489,769 |
0.80%, 06/03/25 (a) | 350,000 | 331,829 |
4.60%, 12/01/25 | 500,000 | 501,866 |
5.20%, 12/03/25 (a) | 200,000 | 202,511 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.00%, 05/12/26 (a) | 825,000 | 762,683 |
3.30%, 04/13/27 (a) | 600,000 | 582,840 |
1.20%, 06/03/27 (a) | 300,000 | 270,720 |
3.15%, 08/22/27 (a) | 750,000 | 721,289 |
4.55%, 12/01/27 (a) | 500,000 | 507,741 |
1.65%, 05/12/28 (a) | 700,000 | 630,557 |
3.45%, 04/13/29 (a) | 350,000 | 339,302 |
4.65%, 12/01/29 (a) | 425,000 | 436,491 |
1.50%, 06/03/30 (a) | 750,000 | 635,825 |
2.10%, 05/12/31 (a) | 700,000 | 604,121 |
3.60%, 04/13/32 (a) | 700,000 | 666,831 |
4.70%, 12/01/32 (a) | 625,000 | 642,489 |
4.80%, 12/05/34 (a) | 300,000 | 310,639 |
3.88%, 08/22/37 (a) | 800,000 | 743,102 |
2.88%, 05/12/41 (a) | 650,000 | 510,724 |
4.95%, 12/05/44 (a) | 400,000 | 413,039 |
4.05%, 08/22/47 (a) | 1,075,000 | 969,589 |
2.50%, 06/03/50 (a) | 750,000 | 499,764 |
3.10%, 05/12/51 (a) | 1,155,000 | 864,211 |
3.95%, 04/13/52 (a) | 700,000 | 613,987 |
4.25%, 08/22/57 (a) | 570,000 | 525,636 |
2.70%, 06/03/60 (a) | 620,000 | 411,625 |
3.25%, 05/12/61 (a) | 500,000 | 368,214 |
4.10%, 04/13/62 (a) | 325,000 | 287,624 |
American Honda Finance Corp. | ||
1.50%, 01/13/25 | 300,000 | 289,536 |
5.00%, 05/23/25 | 400,000 | 401,431 |
1.20%, 07/08/25 | 300,000 | 284,627 |
1.00%, 09/10/25 | 200,000 | 188,124 |
5.80%, 10/03/25 | 250,000 | 254,602 |
5.25%, 07/07/26 | 250,000 | 254,533 |
1.30%, 09/09/26 | 300,000 | 275,787 |
2.30%, 09/09/26 | 425,000 | 402,291 |
2.35%, 01/08/27 | 200,000 | 188,048 |
3.50%, 02/15/28 | 200,000 | 192,834 |
2.00%, 03/24/28 | 300,000 | 272,141 |
5.13%, 07/07/28 | 300,000 | 309,547 |
2.25%, 01/12/29 | 350,000 | 316,160 |
4.60%, 04/17/30 | 200,000 | 200,221 |
1.80%, 01/13/31 | 200,000 | 169,358 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 100,000 | 97,655 |
4.40%, 10/01/46 (a) | 75,000 | 60,839 |
5.40%, 03/15/49 (a) | 125,000 | 116,970 |
3.10%, 12/01/51 (a) | 350,000 | 228,888 |
Aptiv PLC/Aptiv Corp. | ||
2.40%, 02/18/25 (a) | 200,000 | 193,475 |
3.25%, 03/01/32 (a) | 250,000 | 221,079 |
4.15%, 05/01/52 (a) | 300,000 | 238,000 |
AutoNation, Inc. | ||
3.80%, 11/15/27 (a) | 350,000 | 328,895 |
1.95%, 08/01/28 (a) | 50,000 | 43,074 |
4.75%, 06/01/30 (a) | 200,000 | 193,268 |
2.40%, 08/01/31 (a) | 150,000 | 120,986 |
3.85%, 03/01/32 (a) | 35,000 | 31,212 |
AutoZone, Inc. | ||
3.25%, 04/15/25 (a) | 300,000 | 293,084 |
3.63%, 04/15/25 (a) | 100,000 | 98,230 |
3.13%, 04/21/26 (a) | 50,000 | 48,153 |
3.75%, 06/01/27 (a) | 200,000 | 194,471 |
6.25%, 11/01/28 (a) | 200,000 | 212,920 |
3.75%, 04/18/29 (a) | 200,000 | 191,363 |
4.00%, 04/15/30 (a) | 280,000 | 269,497 |
1.65%, 01/15/31 (a) | 150,000 | 122,072 |
4.75%, 08/01/32 (a) | 225,000 | 223,175 |
6.55%, 11/01/33 (a) | 200,000 | 222,484 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 100,000 | 99,490 |
1.95%, 10/01/30 (a) | 200,000 | 166,326 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 125,000 | 124,360 |
2.50%, 07/15/28 (a) | 150,000 | 133,929 |
3.88%, 08/15/30 (a) | 200,000 | 183,243 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 20,000 | 19,704 |
3.60%, 06/01/26 (a) | 300,000 | 294,306 |
3.55%, 03/15/28 (a) | 150,000 | 144,959 |
4.63%, 04/13/30 (a) | 500,000 | 504,276 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 425,000 | 394,524 |
4.38%, 03/15/45 (a) | 150,000 | 124,172 |
California Endowment | ||
2.50%, 04/01/51 (a) | 150,000 | 98,467 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 200,000 | 199,950 |
2.50%, 04/01/31 (a) | 385,000 | 325,978 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 125,000 | 111,219 |
3.70%, 01/15/31 (a) | 155,000 | 134,167 |
Costco Wholesale Corp. | ||
3.00%, 05/18/27 (a) | 475,000 | 457,809 |
1.60%, 04/20/30 (a) | 400,000 | 343,025 |
1.75%, 04/20/32 (a) | 450,000 | 374,817 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 140,680 |
1.50%, 09/01/30 (a) | 250,000 | 208,764 |
4.88%, 10/01/43 (a) | 100,000 | 98,536 |
2.60%, 09/01/50 (a) | 210,000 | 139,663 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 155,000 | 150,192 |
4.55%, 02/15/48 (a) | 120,000 | 102,159 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 225,000 | 191,831 |
4.10%, 01/15/52 (a) | 200,000 | 143,213 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 89,000 | 87,594 |
3.88%, 04/15/27 (a) | 150,000 | 145,520 |
4.63%, 11/01/27 (a) | 200,000 | 198,917 |
4.13%, 05/01/28 (a) | 150,000 | 146,972 |
3.50%, 04/03/30 (a) | 300,000 | 276,654 |
5.00%, 11/01/32 (a)(c) | 200,000 | 199,804 |
5.45%, 07/05/33 (a) | 300,000 | 306,045 |
4.13%, 04/03/50 (a) | 165,000 | 131,231 |
5.50%, 11/01/52 (a) | 105,000 | 102,648 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 250,000 | 245,625 |
4.20%, 05/15/28 (a) | 325,000 | 318,288 |
2.65%, 12/01/31 (a) | 400,000 | 339,911 |
3.38%, 12/01/51 (a) | 150,000 | 104,239 |
DR Horton, Inc. | ||
2.60%, 10/15/25 (a) | 210,000 | 201,444 |
1.40%, 10/15/27 (a) | 225,000 | 200,624 |
eBay, Inc. | ||
1.90%, 03/11/25 (a) | 230,000 | 221,224 |
5.90%, 11/22/25 (a) | 150,000 | 152,635 |
1.40%, 05/10/26 (a) | 200,000 | 185,298 |
3.60%, 06/05/27 (a) | 350,000 | 338,975 |
2.70%, 03/11/30 (a) | 200,000 | 178,323 |
2.60%, 05/10/31 (a) | 250,000 | 218,155 |
6.30%, 11/22/32 (a) | 100,000 | 110,224 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 07/15/42 (a) | 275,000 | 229,238 |
3.65%, 05/10/51 (a) | 250,000 | 191,376 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 100,000 | 100,089 |
4.63%, 08/01/27 (a) | 225,000 | 224,511 |
3.80%, 02/15/28 (a) | 430,000 | 414,605 |
3.25%, 02/15/30 (a) | 350,000 | 321,299 |
2.95%, 03/15/31 (a) | 150,000 | 132,729 |
Ford Foundation | ||
2.42%, 06/01/50 (a) | 205,000 | 134,942 |
2.82%, 06/01/70 (a) | 130,000 | 83,182 |
Ford Motor Co. | ||
4.35%, 12/08/26 (a)(c) | 500,000 | 487,706 |
6.63%, 10/01/28 (c) | 200,000 | 210,873 |
9.63%, 04/22/30 (a) | 200,000 | 235,755 |
3.25%, 02/12/32 (a) | 750,000 | 624,362 |
6.10%, 08/19/32 (a) | 500,000 | 504,932 |
4.75%, 01/15/43 | 550,000 | 454,943 |
7.40%, 11/01/46 | 100,000 | 109,286 |
5.29%, 12/08/46 (a)(c) | 400,000 | 354,129 |
Ford Motor Credit Co. LLC | ||
2.30%, 02/10/25 (a) | 400,000 | 384,984 |
4.69%, 06/09/25 (a) | 100,000 | 98,237 |
5.13%, 06/16/25 (a) | 500,000 | 494,129 |
4.13%, 08/04/25 | 500,000 | 486,246 |
3.38%, 11/13/25 (a) | 600,000 | 574,038 |
4.39%, 01/08/26 | 450,000 | 437,684 |
6.95%, 03/06/26 (a) | 350,000 | 358,736 |
6.95%, 06/10/26 (a) | 250,000 | 256,660 |
4.54%, 08/01/26 (a) | 200,000 | 193,990 |
2.70%, 08/10/26 (a) | 400,000 | 370,747 |
4.27%, 01/09/27 (a) | 250,000 | 240,111 |
4.95%, 05/28/27 (a) | 450,000 | 439,590 |
4.13%, 08/17/27 (a) | 350,000 | 332,013 |
3.82%, 11/02/27 (a) | 300,000 | 280,186 |
7.35%, 11/04/27 (a) | 450,000 | 474,584 |
2.90%, 02/16/28 (a) | 250,000 | 224,531 |
6.80%, 05/12/28 (a) | 470,000 | 491,213 |
6.80%, 11/07/28 (a) | 400,000 | 418,941 |
2.90%, 02/10/29 (a) | 200,000 | 175,376 |
5.11%, 05/03/29 (a) | 400,000 | 389,583 |
7.35%, 03/06/30 (a) | 300,000 | 322,299 |
7.20%, 06/10/30 (a) | 250,000 | 266,670 |
4.00%, 11/13/30 (a) | 500,000 | 448,681 |
3.63%, 06/17/31 (a) | 300,000 | 259,051 |
7.12%, 11/07/33 (a) | 250,000 | 269,549 |
General Motors Co. | ||
4.00%, 04/01/25 | 150,000 | 147,486 |
6.13%, 10/01/25 (a) | 350,000 | 354,625 |
4.20%, 10/01/27 (a) | 250,000 | 244,526 |
6.80%, 10/01/27 (a) | 650,000 | 689,648 |
5.00%, 10/01/28 (a)(c) | 300,000 | 302,823 |
5.40%, 10/15/29 (a) | 400,000 | 407,266 |
5.60%, 10/15/32 (a) | 350,000 | 358,079 |
5.00%, 04/01/35 | 200,000 | 191,123 |
6.60%, 04/01/36 (a) | 350,000 | 374,773 |
5.15%, 04/01/38 (a) | 350,000 | 331,636 |
6.25%, 10/02/43 | 450,000 | 460,986 |
5.20%, 04/01/45 | 250,000 | 225,811 |
6.75%, 04/01/46 (a) | 225,000 | 242,244 |
5.40%, 04/01/48 (a) | 200,000 | 183,649 |
5.95%, 04/01/49 (a)(c) | 200,000 | 196,346 |
General Motors Financial Co., Inc. | ||
4.00%, 01/15/25 (a) | 250,000 | 245,958 |
2.90%, 02/26/25 (a) | 500,000 | 485,504 |
3.80%, 04/07/25 | 350,000 | 343,006 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.35%, 04/09/25 (a) | 61,000 | 60,149 |
2.75%, 06/20/25 (a) | 250,000 | 240,693 |
6.05%, 10/10/25 | 375,000 | 379,896 |
1.25%, 01/08/26 (a) | 425,000 | 393,392 |
5.25%, 03/01/26 (a) | 400,000 | 400,464 |
5.40%, 04/06/26 | 500,000 | 503,593 |
1.50%, 06/10/26 (a) | 550,000 | 504,627 |
4.00%, 10/06/26 (a) | 300,000 | 292,035 |
4.35%, 01/17/27 (a) | 500,000 | 490,460 |
2.35%, 02/26/27 (a) | 250,000 | 230,429 |
5.00%, 04/09/27 (a) | 400,000 | 399,598 |
2.70%, 08/20/27 (a) | 300,000 | 276,930 |
3.85%, 01/05/28 (a) | 175,000 | 167,410 |
2.40%, 04/10/28 (a) | 325,000 | 292,082 |
5.80%, 06/23/28 (a) | 100,000 | 102,854 |
2.40%, 10/15/28 (a) | 300,000 | 266,656 |
5.80%, 01/07/29 (a) | 500,000 | 512,385 |
5.65%, 01/17/29 (a) | 150,000 | 153,640 |
4.30%, 04/06/29 (a) | 350,000 | 337,783 |
3.60%, 06/21/30 (a) | 500,000 | 454,871 |
2.35%, 01/08/31 (a) | 300,000 | 248,249 |
2.70%, 06/10/31 (a) | 350,000 | 293,735 |
3.10%, 01/12/32 (a) | 400,000 | 341,066 |
6.40%, 01/09/33 (a) | 100,000 | 106,546 |
6.10%, 01/07/34 (a) | 500,000 | 514,993 |
Genuine Parts Co. | ||
1.75%, 02/01/25 (a) | 250,000 | 240,420 |
1.88%, 11/01/30 (a) | 125,000 | 101,451 |
2.75%, 02/01/32 (a) | 250,000 | 209,290 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25 (a) | 400,000 | 399,148 |
5.38%, 04/15/26 (a) | 325,000 | 323,558 |
5.75%, 06/01/28 (a) | 170,000 | 171,560 |
5.30%, 01/15/29 (a) | 225,000 | 224,126 |
4.00%, 01/15/30 (a) | 200,000 | 182,641 |
4.00%, 01/15/31 (a) | 250,000 | 225,372 |
3.25%, 01/15/32 (a) | 200,000 | 169,778 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 97,133 |
4.63%, 07/28/45 (a) | 100,000 | 80,424 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 200,000 | 197,021 |
Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 300,000 | 294,333 |
3.00%, 04/01/26 (a) | 400,000 | 387,926 |
2.13%, 09/15/26 (a) | 300,000 | 282,654 |
4.95%, 09/30/26 (a) | 300,000 | 304,339 |
2.50%, 04/15/27 (a) | 200,000 | 188,813 |
2.80%, 09/14/27 (a) | 150,000 | 142,772 |
0.90%, 03/15/28 (a) | 275,000 | 240,866 |
1.50%, 09/15/28 (a) | 450,000 | 399,370 |
3.90%, 12/06/28 (a) | 300,000 | 295,765 |
4.90%, 04/15/29 (a) | 300,000 | 308,501 |
2.95%, 06/15/29 (a) | 650,000 | 612,060 |
2.70%, 04/15/30 (a) | 550,000 | 503,333 |
1.38%, 03/15/31 (a) | 275,000 | 224,984 |
1.88%, 09/15/31 (a) | 300,000 | 251,256 |
3.25%, 04/15/32 (a) | 400,000 | 369,993 |
4.50%, 09/15/32 (a) | 300,000 | 306,187 |
5.88%, 12/16/36 | 850,000 | 951,218 |
3.30%, 04/15/40 (a) | 430,000 | 356,858 |
5.40%, 09/15/40 (a) | 206,000 | 217,627 |
5.95%, 04/01/41 (a) | 200,000 | 224,123 |
4.20%, 04/01/43 (a) | 250,000 | 227,861 |
4.88%, 02/15/44 (a) | 150,000 | 148,834 |
4.40%, 03/15/45 (a) | 325,000 | 302,363 |
4.25%, 04/01/46 (a) | 425,000 | 385,286 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 06/15/47 (a) | 360,000 | 309,813 |
4.50%, 12/06/48 (a) | 350,000 | 330,816 |
3.13%, 12/15/49 (a) | 400,000 | 298,208 |
3.35%, 04/15/50 (a) | 300,000 | 233,264 |
2.38%, 03/15/51 (a) | 400,000 | 254,429 |
2.75%, 09/15/51 (a) | 250,000 | 171,332 |
3.63%, 04/15/52 (a) | 600,000 | 487,059 |
4.95%, 09/15/52 (a) | 300,000 | 304,210 |
3.50%, 09/15/56 (a) | 297,000 | 234,214 |
Honda Motor Co. Ltd. | ||
2.27%, 03/10/25 (a) | 250,000 | 242,434 |
2.53%, 03/10/27 (a) | 200,000 | 188,838 |
2.97%, 03/10/32 (a) | 225,000 | 205,905 |
Hyatt Hotels Corp. | ||
5.38%, 04/23/25 (a)(e) | 200,000 | 200,330 |
4.85%, 03/15/26 (a) | 125,000 | 124,071 |
4.38%, 09/15/28 (a) | 200,000 | 194,565 |
5.75%, 04/23/30 (a)(e) | 150,000 | 155,771 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 194,944 |
3.38%, 01/14/30 (a)(c) | 200,000 | 181,247 |
4.13%, 01/14/50 (a) | 190,000 | 149,050 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 150,000 | 144,811 |
4.25%, 05/15/29 (a) | 225,000 | 216,555 |
2.60%, 01/15/32 (a) | 100,000 | 82,033 |
5.25%, 05/15/49 (a) | 250,000 | 231,650 |
Lennar Corp. | ||
4.75%, 05/30/25 (a) | 175,000 | 174,127 |
5.25%, 06/01/26 (a) | 100,000 | 100,493 |
5.00%, 06/15/27 (a) | 180,000 | 181,035 |
4.75%, 11/29/27 (a) | 200,000 | 200,223 |
LKQ Corp. | ||
5.75%, 06/15/28 (a) | 225,000 | 231,172 |
6.25%, 06/15/33 (a) | 200,000 | 209,180 |
Lowe's Cos., Inc. | ||
4.00%, 04/15/25 (a) | 200,000 | 197,429 |
4.40%, 09/08/25 | 115,000 | 114,285 |
3.38%, 09/15/25 (a) | 400,000 | 390,456 |
4.80%, 04/01/26 (a) | 105,000 | 105,113 |
2.50%, 04/15/26 (a) | 450,000 | 428,843 |
3.10%, 05/03/27 (a) | 710,000 | 681,032 |
1.30%, 04/15/28 (a) | 350,000 | 307,754 |
6.50%, 03/15/29 | 401,000 | 435,560 |
3.65%, 04/05/29 (a) | 672,000 | 648,209 |
4.50%, 04/15/30 (a) | 400,000 | 398,190 |
1.70%, 10/15/30 (a) | 300,000 | 249,614 |
2.63%, 04/01/31 (a) | 500,000 | 438,666 |
3.75%, 04/01/32 (a) | 500,000 | 467,701 |
5.00%, 04/15/33 (a) | 425,000 | 434,343 |
5.00%, 04/15/40 (a) | 125,000 | 122,476 |
4.65%, 04/15/42 (a) | 150,000 | 140,114 |
4.38%, 09/15/45 (a) | 150,000 | 132,753 |
3.70%, 04/15/46 (a) | 450,000 | 355,883 |
4.05%, 05/03/47 (a) | 450,000 | 371,640 |
4.55%, 04/05/49 (a) | 200,000 | 177,706 |
5.13%, 04/15/50 (a) | 150,000 | 145,207 |
3.00%, 10/15/50 (a) | 395,000 | 269,312 |
3.50%, 04/01/51 (a) | 175,000 | 130,790 |
4.25%, 04/01/52 (a) | 555,000 | 470,679 |
5.63%, 04/15/53 (a) | 400,000 | 421,777 |
5.75%, 07/01/53 (a) | 150,000 | 159,488 |
4.45%, 04/01/62 (a) | 375,000 | 317,895 |
5.80%, 09/15/62 (a) | 300,000 | 317,629 |
5.85%, 04/01/63 (a) | 150,000 | 157,979 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Magna International, Inc. | ||
4.15%, 10/01/25 (a) | 250,000 | 246,337 |
2.45%, 06/15/30 (a) | 125,000 | 109,590 |
5.50%, 03/21/33 (a) | 150,000 | 159,084 |
Marriott International, Inc. | ||
3.75%, 03/15/25 (a) | 150,000 | 147,486 |
5.75%, 05/01/25 (a) | 350,000 | 352,291 |
3.75%, 10/01/25 (a) | 150,000 | 146,551 |
3.13%, 06/15/26 (a) | 300,000 | 288,286 |
5.55%, 10/15/28 (a) | 250,000 | 257,924 |
4.65%, 12/01/28 (a) | 150,000 | 149,473 |
4.63%, 06/15/30 (a) | 500,000 | 492,042 |
2.85%, 04/15/31 (a) | 325,000 | 282,144 |
3.50%, 10/15/32 (a) | 475,000 | 424,045 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 200,000 | 196,166 |
3.30%, 07/01/25 (a) | 200,000 | 195,586 |
1.45%, 09/01/25 (a) | 125,000 | 118,405 |
3.70%, 01/30/26 (a) | 650,000 | 639,407 |
3.50%, 03/01/27 (a) | 250,000 | 243,544 |
3.50%, 07/01/27 (a) | 250,000 | 243,104 |
3.80%, 04/01/28 (a) | 350,000 | 341,641 |
4.80%, 08/14/28 (a) | 150,000 | 152,840 |
2.63%, 09/01/29 (a) | 300,000 | 274,715 |
2.13%, 03/01/30 (a) | 250,000 | 218,669 |
3.60%, 07/01/30 (a) | 350,000 | 332,286 |
4.60%, 09/09/32 (a) | 200,000 | 202,772 |
4.70%, 12/09/35 (a) | 400,000 | 395,711 |
6.30%, 10/15/37 | 230,000 | 260,972 |
6.30%, 03/01/38 | 250,000 | 284,661 |
5.70%, 02/01/39 | 83,000 | 89,370 |
3.70%, 02/15/42 | 100,000 | 84,646 |
3.63%, 05/01/43 | 200,000 | 166,161 |
4.60%, 05/26/45 (a) | 100,000 | 94,385 |
4.88%, 12/09/45 (a) | 525,000 | 517,691 |
4.45%, 03/01/47 (a) | 325,000 | 298,339 |
4.45%, 09/01/48 (a) | 200,000 | 185,496 |
3.63%, 09/01/49 (a) | 475,000 | 381,977 |
4.20%, 04/01/50 (a) | 150,000 | 133,257 |
5.15%, 09/09/52 (a) | 250,000 | 254,540 |
5.45%, 08/14/53 (a) | 225,000 | 239,827 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 100,000 | 91,796 |
2.50%, 01/15/31 (a) | 100,000 | 82,249 |
6.00%, 01/15/43 (a) | 135,000 | 126,091 |
3.97%, 08/06/61 (a) | 145,000 | 95,057 |
Mercedes-Benz Finance North America LLC | ||
8.50%, 01/18/31 | 425,000 | 533,376 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 300,000 | 291,718 |
2.38%, 11/01/26 (a) | 300,000 | 284,976 |
2.75%, 03/27/27 (a) | 250,000 | 238,470 |
2.85%, 03/27/30 (a) | 600,000 | 552,170 |
3.25%, 03/27/40 (a) | 300,000 | 252,356 |
3.63%, 05/01/43 (a) | 115,000 | 99,452 |
3.88%, 11/01/45 (a) | 225,000 | 198,682 |
3.38%, 11/01/46 (a) | 150,000 | 121,227 |
3.38%, 03/27/50 (a)(c) | 450,000 | 369,101 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 250,000 | 223,108 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 200,000 | 194,475 |
3.60%, 09/01/27 (a) | 250,000 | 241,171 |
4.35%, 06/01/28 (a) | 209,000 | 207,897 |
3.90%, 06/01/29 (a) | 260,000 | 251,275 |
1.75%, 03/15/31 (a) | 250,000 | 204,248 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
PACCAR Financial Corp. | ||
1.80%, 02/06/25 | 300,000 | 290,425 |
2.85%, 04/07/25 | 100,000 | 97,759 |
3.55%, 08/11/25 | 175,000 | 172,336 |
4.95%, 10/03/25 | 130,000 | 130,742 |
4.45%, 03/30/26 | 150,000 | 149,999 |
1.10%, 05/11/26 | 250,000 | 231,311 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 152,012 |
5.00%, 01/15/27 (a) | 150,000 | 151,141 |
7.88%, 06/15/32 | 50,000 | 58,877 |
6.38%, 05/15/33 | 150,000 | 164,389 |
6.00%, 02/15/35 | 100,000 | 105,308 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(d) | 300,000 | 295,313 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 170,000 | 166,623 |
2.95%, 06/15/30 (a) | 200,000 | 182,249 |
Rockefeller Foundation | ||
2.49%, 10/01/50 (a) | 300,000 | 199,289 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 200,000 | 198,540 |
0.88%, 04/15/26 (a) | 150,000 | 137,680 |
1.88%, 04/15/31 (a) | 160,000 | 131,837 |
Sands China Ltd. | ||
5.38%, 08/08/25 (a)(e) | 500,000 | 493,331 |
4.30%, 01/08/26 (a)(e) | 200,000 | 192,683 |
5.65%, 08/08/28 (a)(e) | 600,000 | 593,147 |
3.10%, 03/08/29 (a)(e) | 200,000 | 174,013 |
4.63%, 06/18/30 (a)(e) | 200,000 | 182,465 |
3.50%, 08/08/31 (a)(e) | 200,000 | 167,093 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 350,000 | 343,828 |
4.75%, 02/15/26 | 250,000 | 251,137 |
2.00%, 03/12/27 (a)(c) | 200,000 | 185,477 |
3.50%, 03/01/28 (a) | 150,000 | 144,393 |
4.00%, 11/15/28 (a) | 250,000 | 246,279 |
3.55%, 08/15/29 (a) | 300,000 | 289,477 |
2.25%, 03/12/30 (a) | 250,000 | 219,661 |
2.55%, 11/15/30 (a) | 375,000 | 331,762 |
3.00%, 02/14/32 (a)(c) | 400,000 | 358,903 |
4.80%, 02/15/33 (a) | 150,000 | 153,229 |
4.30%, 06/15/45 (a) | 125,000 | 112,173 |
3.75%, 12/01/47 (a) | 150,000 | 121,156 |
4.50%, 11/15/48 (a) | 250,000 | 228,362 |
4.45%, 08/15/49 (a) | 350,000 | 318,308 |
3.35%, 03/12/50 (a) | 150,000 | 112,674 |
3.50%, 11/15/50 (a) | 300,000 | 233,574 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 100,000 | 98,586 |
7.00%, 11/27/26 | 200,000 | 207,658 |
4.13%, 07/15/27 (a) | 150,000 | 143,143 |
7.35%, 11/27/28 (a) | 485,000 | 509,222 |
3.05%, 03/15/32 (a) | 200,000 | 162,779 |
7.85%, 11/27/33 (a) | 350,000 | 373,885 |
Target Corp. | ||
2.25%, 04/15/25 (a) | 500,000 | 485,052 |
2.50%, 04/15/26 | 250,000 | 240,826 |
1.95%, 01/15/27 (a)(c) | 300,000 | 280,104 |
3.38%, 04/15/29 (a) | 375,000 | 361,244 |
2.35%, 02/15/30 (a) | 300,000 | 268,416 |
2.65%, 09/15/30 (a) | 250,000 | 224,466 |
4.50%, 09/15/32 (a) | 300,000 | 303,246 |
6.50%, 10/15/37 | 200,000 | 233,106 |
7.00%, 01/15/38 | 100,000 | 121,909 |
4.00%, 07/01/42 | 450,000 | 408,436 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.63%, 04/15/46 | 125,000 | 103,733 |
3.90%, 11/15/47 (a) | 200,000 | 173,560 |
2.95%, 01/15/52 (a) | 300,000 | 215,044 |
4.80%, 01/15/53 (a)(c) | 200,000 | 198,681 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 400,000 | 379,506 |
1.15%, 05/15/28 (a) | 100,000 | 87,637 |
3.88%, 04/15/30 (a) | 250,000 | 241,848 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 150,000 | 149,113 |
4.88%, 03/15/27 (a) | 250,000 | 249,288 |
3.80%, 11/01/29 (a) | 100,000 | 93,770 |
Toyota Motor Corp. | ||
1.34%, 03/25/26 (a) | 300,000 | 279,795 |
3.67%, 07/20/28 | 250,000 | 244,598 |
2.76%, 07/02/29 | 150,000 | 140,785 |
5.12%, 07/13/33 (a) | 150,000 | 162,146 |
Toyota Motor Credit Corp. | ||
4.80%, 01/10/25 | 350,000 | 350,250 |
1.45%, 01/13/25 | 400,000 | 386,112 |
1.80%, 02/13/25 | 500,000 | 483,726 |
3.00%, 04/01/25 | 550,000 | 537,969 |
3.95%, 06/30/25 | 400,000 | 395,578 |
3.65%, 08/18/25 | 250,000 | 246,217 |
0.80%, 10/16/25 | 400,000 | 374,201 |
0.80%, 01/09/26 | 300,000 | 278,522 |
4.45%, 05/18/26 | 500,000 | 499,455 |
1.13%, 06/18/26 | 250,000 | 230,944 |
5.40%, 11/20/26 | 300,000 | 307,395 |
3.20%, 01/11/27 | 450,000 | 434,150 |
3.05%, 03/22/27 | 550,000 | 527,436 |
1.15%, 08/13/27 | 400,000 | 357,557 |
4.55%, 09/20/27 | 300,000 | 302,601 |
5.45%, 11/10/27 | 125,000 | 129,695 |
3.05%, 01/11/28 | 250,000 | 238,600 |
4.63%, 01/12/28 | 300,000 | 304,193 |
3.65%, 01/08/29 | 400,000 | 390,857 |
2.15%, 02/13/30 | 250,000 | 220,898 |
3.38%, 04/01/30 | 400,000 | 376,305 |
5.55%, 11/20/30 | 300,000 | 316,249 |
1.65%, 01/10/31 | 300,000 | 250,130 |
1.90%, 09/12/31 | 150,000 | 125,172 |
4.70%, 01/12/33 | 250,000 | 256,905 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 200,000 | 164,132 |
5.25%, 05/15/33 (a) | 200,000 | 205,414 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 275,000 | 262,836 |
2.80%, 04/23/27 (a) | 225,000 | 206,986 |
2.95%, 04/23/30 (a) | 250,000 | 209,254 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 400,000 | 393,330 |
4.95%, 02/15/30 (a) | 300,000 | 291,324 |
5.13%, 05/15/32 (a) | 400,000 | 390,433 |
5.63%, 05/15/52 (a) | 215,000 | 206,247 |
Walmart, Inc. | ||
3.55%, 06/26/25 (a) | 570,000 | 562,435 |
3.90%, 09/09/25 | 500,000 | 495,632 |
3.05%, 07/08/26 (a) | 100,000 | 97,081 |
1.05%, 09/17/26 (a) | 175,000 | 161,046 |
5.88%, 04/05/27 (c) | 300,000 | 317,168 |
3.95%, 09/09/27 (a) | 100,000 | 99,470 |
3.70%, 06/26/28 (a) | 550,000 | 543,723 |
1.50%, 09/22/28 (a) | 200,000 | 178,826 |
3.25%, 07/08/29 (a) | 350,000 | 336,276 |
2.38%, 09/24/29 (a) | 150,000 | 136,866 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.55%, 02/15/30 | 250,000 | 295,704 |
1.80%, 09/22/31 (a) | 650,000 | 551,614 |
4.15%, 09/09/32 (a) | 600,000 | 600,349 |
4.10%, 04/15/33 (a) | 325,000 | 321,571 |
5.25%, 09/01/35 | 600,000 | 655,641 |
6.50%, 08/15/37 | 100,000 | 121,093 |
6.20%, 04/15/38 | 150,000 | 177,190 |
3.95%, 06/28/38 (a) | 350,000 | 333,741 |
5.63%, 04/01/40 | 100,000 | 111,549 |
5.00%, 10/25/40 | 150,000 | 158,969 |
5.63%, 04/15/41 | 150,000 | 168,369 |
2.50%, 09/22/41 (a) | 450,000 | 333,323 |
4.00%, 04/11/43 (a) | 225,000 | 205,224 |
4.30%, 04/22/44 (a) | 200,000 | 191,745 |
3.63%, 12/15/47 (a) | 150,000 | 127,434 |
4.05%, 06/29/48 (a) | 500,000 | 457,737 |
2.95%, 09/24/49 (a) | 450,000 | 336,845 |
2.65%, 09/22/51 (a) | 250,000 | 174,731 |
4.50%, 04/15/53 (a) | 400,000 | 389,653 |
137,258,685 | ||
Consumer Non-Cyclical 3.8% | ||
Abbott Laboratories | ||
2.95%, 03/15/25 (a) | 110,000 | 107,803 |
3.88%, 09/15/25 (a) | 140,000 | 138,723 |
3.75%, 11/30/26 (a) | 578,000 | 570,376 |
1.15%, 01/30/28 (a) | 250,000 | 222,991 |
1.40%, 06/30/30 (a) | 100,000 | 84,705 |
4.75%, 11/30/36 (a) | 500,000 | 512,688 |
6.15%, 11/30/37 | 150,000 | 172,902 |
6.00%, 04/01/39 | 160,000 | 185,289 |
5.30%, 05/27/40 | 195,000 | 212,025 |
4.75%, 04/15/43 (a) | 200,000 | 203,552 |
4.90%, 11/30/46 (a) | 925,000 | 948,480 |
AbbVie, Inc. | ||
3.80%, 03/15/25 (a) | 1,000,000 | 987,442 |
3.60%, 05/14/25 (a) | 1,235,000 | 1,213,332 |
3.20%, 05/14/26 (a) | 550,000 | 533,691 |
2.95%, 11/21/26 (a) | 1,100,000 | 1,055,630 |
4.25%, 11/14/28 (a) | 490,000 | 487,912 |
3.20%, 11/21/29 (a) | 1,520,000 | 1,421,103 |
4.55%, 03/15/35 (a) | 500,000 | 491,050 |
4.50%, 05/14/35 (a) | 625,000 | 611,695 |
4.30%, 05/14/36 (a) | 300,000 | 287,924 |
4.05%, 11/21/39 (a) | 1,050,000 | 949,795 |
4.63%, 10/01/42 (a) | 125,000 | 118,941 |
4.40%, 11/06/42 | 750,000 | 696,910 |
4.85%, 06/15/44 (a) | 275,000 | 268,019 |
4.75%, 03/15/45 (a) | 218,000 | 209,803 |
4.70%, 05/14/45 (a) | 775,000 | 739,780 |
4.45%, 05/14/46 (a) | 550,000 | 505,740 |
4.88%, 11/14/48 (a) | 500,000 | 489,358 |
4.25%, 11/21/49 (a) | 1,600,000 | 1,427,382 |
AdventHealth Obligated Group | ||
2.80%, 11/15/51 (a) | 150,000 | 104,476 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 175,000 | 158,378 |
3.63%, 03/01/49 (a) | 75,000 | 55,919 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 100,000 | 97,346 |
2.21%, 06/15/30 (a) | 150,000 | 129,175 |
4.27%, 08/15/48 (a) | 189,000 | 169,468 |
3.39%, 10/15/49 (a) | 150,000 | 115,603 |
3.01%, 06/15/50 (a) | 50,000 | 35,781 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 350,000 | 320,772 |
2.30%, 03/12/31 (a) | 250,000 | 217,011 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 150,000 | 166,349 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 115,000 | 112,708 |
2.78%, 07/01/51 (a) | 150,000 | 99,767 |
Allina Health System | ||
3.89%, 04/15/49 (a) | 100,000 | 83,629 |
2.90%, 11/15/51 (a) | 100,000 | 67,868 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 250,000 | 241,194 |
4.40%, 02/14/26 (a) | 250,000 | 247,760 |
2.63%, 09/16/26 (a) | 150,000 | 141,913 |
4.80%, 02/14/29 (a) | 560,000 | 559,097 |
3.40%, 05/06/30 (a) | 200,000 | 182,920 |
2.45%, 02/04/32 (a) | 550,000 | 449,813 |
5.80%, 02/14/39 (a) | 450,000 | 460,233 |
3.40%, 02/04/41 (a) | 425,000 | 312,361 |
4.25%, 08/09/42 | 375,000 | 306,424 |
4.50%, 05/02/43 | 200,000 | 167,033 |
5.38%, 01/31/44 | 600,000 | 594,138 |
3.88%, 09/16/46 (a) | 450,000 | 338,907 |
5.95%, 02/14/49 (a) | 650,000 | 662,807 |
4.45%, 05/06/50 (a) | 210,000 | 167,178 |
3.70%, 02/04/51 (a) | 400,000 | 282,463 |
4.00%, 02/04/61 (a) | 200,000 | 146,497 |
Amgen, Inc. | ||
1.90%, 02/21/25 (a) | 150,000 | 144,934 |
5.25%, 03/02/25 | 590,000 | 591,614 |
3.13%, 05/01/25 (a) | 425,000 | 414,447 |
5.51%, 03/02/26 (a) | 450,000 | 450,301 |
2.60%, 08/19/26 (a) | 400,000 | 380,274 |
2.20%, 02/21/27 (a) | 450,000 | 418,589 |
3.20%, 11/02/27 (a) | 400,000 | 382,304 |
5.15%, 03/02/28 (a) | 1,050,000 | 1,073,998 |
1.65%, 08/15/28 (a) | 200,000 | 176,972 |
3.00%, 02/22/29 (a) | 250,000 | 235,270 |
4.05%, 08/18/29 (a) | 400,000 | 391,801 |
2.45%, 02/21/30 (a) | 400,000 | 354,839 |
5.25%, 03/02/30 (a) | 750,000 | 771,542 |
2.30%, 02/25/31 (a) | 475,000 | 406,427 |
2.00%, 01/15/32 (a) | 400,000 | 327,984 |
3.35%, 02/22/32 (a) | 300,000 | 274,105 |
4.20%, 03/01/33 (a) | 225,000 | 214,329 |
5.25%, 03/02/33 (a) | 1,250,000 | 1,281,670 |
6.38%, 06/01/37 | 50,000 | 55,756 |
6.40%, 02/01/39 | 80,000 | 89,296 |
3.15%, 02/21/40 (a) | 500,000 | 390,015 |
5.75%, 03/15/40 | 100,000 | 104,289 |
2.80%, 08/15/41 (a) | 200,000 | 145,739 |
4.95%, 10/01/41 | 235,000 | 225,870 |
5.15%, 11/15/41 (a) | 321,000 | 317,034 |
5.65%, 06/15/42 (a) | 100,000 | 103,985 |
5.60%, 03/02/43 (a) | 750,000 | 776,169 |
4.40%, 05/01/45 (a) | 650,000 | 578,158 |
4.56%, 06/15/48 (a) | 400,000 | 361,661 |
3.38%, 02/21/50 (a) | 650,000 | 485,506 |
4.66%, 06/15/51 (a) | 1,000,000 | 911,412 |
3.00%, 01/15/52 (a) | 200,000 | 140,269 |
4.20%, 02/22/52 (a) | 250,000 | 211,931 |
4.88%, 03/01/53 (a) | 300,000 | 281,022 |
5.65%, 03/02/53 (a) | 1,000,000 | 1,053,829 |
2.77%, 09/01/53 (a) | 322,000 | 207,393 |
4.40%, 02/22/62 (a) | 425,000 | 360,437 |
5.75%, 03/02/63 (a) | 700,000 | 736,500 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 625,000 | 613,706 |
4.70%, 02/01/36 (a) | 1,525,000 | 1,522,662 |
4.90%, 02/01/46 (a) | 2,885,000 | 2,846,458 |
Anheuser-Busch InBev Finance, Inc. | ||
4.70%, 02/01/36 (a) | 187,000 | 187,156 |
4.63%, 02/01/44 | 250,000 | 238,685 |
4.90%, 02/01/46 (a) | 475,000 | 463,540 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 750,000 | 742,136 |
4.75%, 01/23/29 (a) | 1,100,000 | 1,118,875 |
3.50%, 06/01/30 (a) | 500,000 | 476,738 |
4.90%, 01/23/31 (a) | 275,000 | 286,166 |
4.38%, 04/15/38 (a) | 125,000 | 118,830 |
8.20%, 01/15/39 | 350,000 | 468,235 |
5.45%, 01/23/39 (a) | 650,000 | 686,273 |
8.00%, 11/15/39 | 125,000 | 162,312 |
4.35%, 06/01/40 (a) | 400,000 | 374,676 |
4.95%, 01/15/42 | 490,000 | 491,441 |
4.60%, 04/15/48 (a) | 600,000 | 569,482 |
4.44%, 10/06/48 (a) | 450,000 | 415,866 |
5.55%, 01/23/49 (a) | 1,200,000 | 1,294,365 |
4.75%, 04/15/58 (a) | 300,000 | 286,343 |
5.80%, 01/23/59 (a) | 600,000 | 674,077 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 500,000 | 476,410 |
3.25%, 03/27/30 (a) | 450,000 | 420,571 |
2.90%, 03/01/32 (a) | 85,000 | 75,699 |
5.38%, 09/15/35 | 200,000 | 214,531 |
3.75%, 09/15/47 (a) | 190,000 | 157,257 |
4.50%, 03/15/49 (a) | 250,000 | 235,218 |
2.70%, 09/15/51 (a) | 200,000 | 135,605 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 345,000 | 308,845 |
3.11%, 11/15/39 (a) | 80,000 | 63,095 |
3.95%, 11/15/46 | 325,000 | 280,930 |
4.85%, 11/15/53 | 125,000 | 122,436 |
Astrazeneca Finance LLC | ||
1.20%, 05/28/26 (a) | 350,000 | 324,076 |
4.88%, 03/03/28 (a) | 300,000 | 305,857 |
1.75%, 05/28/28 (a) | 350,000 | 313,571 |
4.90%, 03/03/30 (a) | 350,000 | 360,643 |
2.25%, 05/28/31 (a) | 100,000 | 86,300 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 400,000 | 391,444 |
0.70%, 04/08/26 (a) | 375,000 | 345,397 |
3.13%, 06/12/27 (a) | 50,000 | 48,080 |
4.00%, 01/17/29 (a) | 210,000 | 207,542 |
1.38%, 08/06/30 (a) | 550,000 | 457,888 |
6.45%, 09/15/37 | 850,000 | 994,436 |
4.00%, 09/18/42 | 350,000 | 318,435 |
4.38%, 11/16/45 | 250,000 | 235,382 |
4.38%, 08/17/48 (a) | 225,000 | 211,863 |
2.13%, 08/06/50 (a) | 200,000 | 128,371 |
3.00%, 05/28/51 (a) | 250,000 | 187,099 |
Banner Health | ||
2.34%, 01/01/30 (a) | 125,000 | 109,097 |
1.90%, 01/01/31 (a) | 100,000 | 82,851 |
2.91%, 01/01/42 (a) | 100,000 | 73,968 |
3.18%, 01/01/50 (a) | 100,000 | 73,767 |
2.91%, 01/01/51 (a) | 100,000 | 68,954 |
Baptist Health South Florida Obligated Group | ||
3.12%, 11/15/71 (a) | 50,000 | 30,345 |
Baptist Healthcare System Obligated Group | ||
Series 20B 3.54%, 08/15/50 (a) | 175,000 | 130,259 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BAT Capital Corp. | ||
3.22%, 09/06/26 (a) | 300,000 | 287,297 |
4.70%, 04/02/27 (a) | 250,000 | 247,612 |
3.56%, 08/15/27 (a) | 700,000 | 668,923 |
2.26%, 03/25/28 (a) | 540,000 | 483,367 |
3.46%, 09/06/29 (a) | 200,000 | 184,289 |
4.91%, 04/02/30 (a) | 300,000 | 295,379 |
6.34%, 08/02/30 (a) | 250,000 | 263,073 |
2.73%, 03/25/31 (a) | 550,000 | 461,801 |
4.74%, 03/16/32 (a) | 325,000 | 312,539 |
7.75%, 10/19/32 (a) | 250,000 | 282,251 |
4.39%, 08/15/37 (a) | 750,000 | 629,938 |
3.73%, 09/25/40 (a) | 300,000 | 221,447 |
7.08%, 08/02/43 (a) | 200,000 | 212,700 |
4.54%, 08/15/47 (a) | 900,000 | 693,229 |
4.76%, 09/06/49 (a) | 300,000 | 238,434 |
5.28%, 04/02/50 (a) | 100,000 | 85,974 |
3.98%, 09/25/50 (a) | 300,000 | 212,101 |
5.65%, 03/16/52 (a) | 10,000 | 9,086 |
7.08%, 08/02/53 (a) | 300,000 | 321,163 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 350,000 | 325,210 |
4.45%, 03/16/28 (a) | 450,000 | 443,536 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 225,000 | 221,442 |
5.25%, 06/23/45 (a) | 173,000 | 173,148 |
Baxter International, Inc. | ||
2.60%, 08/15/26 (a) | 200,000 | 188,705 |
1.92%, 02/01/27 (a) | 500,000 | 458,389 |
2.27%, 12/01/28 (a) | 200,000 | 179,301 |
3.95%, 04/01/30 (a) | 100,000 | 95,054 |
1.73%, 04/01/31 (a) | 200,000 | 162,897 |
2.54%, 02/01/32 (a) | 450,000 | 377,947 |
3.50%, 08/15/46 (a) | 150,000 | 110,430 |
3.13%, 12/01/51 (a) | 285,000 | 196,657 |
BayCare Health System, Inc. | ||
Series 2020 3.83%, 11/15/50 (a) | 150,000 | 125,884 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 100,000 | 83,222 |
4.19%, 11/15/45 (a) | 150,000 | 135,011 |
3.97%, 11/15/46 (a) | 50,000 | 42,905 |
2.84%, 11/15/50 (a) | 325,000 | 224,537 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 551,000 | 534,362 |
4.69%, 02/13/28 (a) | 200,000 | 201,075 |
2.82%, 05/20/30 (a) | 350,000 | 313,193 |
1.96%, 02/11/31 (a) | 300,000 | 250,295 |
4.69%, 12/15/44 (a) | 375,000 | 351,666 |
4.67%, 06/06/47 (a) | 350,000 | 327,164 |
3.79%, 05/20/50 (a) | 150,000 | 122,437 |
Beth Israel Lahey Health, Inc. | ||
3.08%, 07/01/51 (a) | 150,000 | 97,710 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 525,000 | 516,659 |
2.25%, 05/01/30 (a) | 500,000 | 427,226 |
3.15%, 05/01/50 (a) | 625,000 | 438,730 |
3.25%, 02/15/51 (a) | 335,000 | 240,347 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 125,000 | 118,909 |
3.70%, 03/15/32 (a) | 250,000 | 225,468 |
Bon Secours Mercy Health, Inc. | ||
4.30%, 07/01/28 (a) | 100,000 | 98,271 |
3.46%, 06/01/30 (a) | 100,000 | 90,999 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.10%, 06/01/31 (a) | 100,000 | 82,491 |
3.21%, 06/01/50 (a) | 100,000 | 69,926 |
Boston Scientific Corp. | ||
1.90%, 06/01/25 (a) | 150,000 | 143,712 |
4.00%, 03/01/28 (a) | 50,000 | 48,884 |
2.65%, 06/01/30 (a) | 350,000 | 312,874 |
6.50%, 11/15/35 (g) | 125,000 | 141,883 |
4.55%, 03/01/39 (a) | 100,000 | 95,734 |
7.38%, 01/15/40 | 100,000 | 121,630 |
4.70%, 03/01/49 (a) | 160,000 | 154,243 |
Bristol-Myers Squibb Co. | ||
0.75%, 11/13/25 (a) | 250,000 | 233,406 |
3.20%, 06/15/26 (a) | 547,000 | 531,133 |
3.25%, 02/27/27 | 150,000 | 145,562 |
1.13%, 11/13/27 (a) | 300,000 | 266,967 |
3.45%, 11/15/27 (a) | 150,000 | 145,752 |
3.90%, 02/20/28 (a) | 350,000 | 344,084 |
3.40%, 07/26/29 (a) | 800,000 | 759,115 |
1.45%, 11/13/30 (a) | 200,000 | 164,459 |
5.75%, 02/01/31 (a) | 275,000 | 294,577 |
2.95%, 03/15/32 (a) | 600,000 | 533,743 |
5.90%, 11/15/33 (a) | 275,000 | 299,833 |
4.13%, 06/15/39 (a) | 650,000 | 586,776 |
2.35%, 11/13/40 (a) | 350,000 | 244,582 |
3.55%, 03/15/42 (a) | 200,000 | 163,822 |
3.25%, 08/01/42 | 150,000 | 116,890 |
4.50%, 03/01/44 (a) | 50,000 | 46,054 |
4.63%, 05/15/44 (a) | 50,000 | 46,820 |
5.00%, 08/15/45 (a) | 300,000 | 298,125 |
4.35%, 11/15/47 (a) | 425,000 | 374,865 |
4.55%, 02/20/48 (a) | 406,000 | 370,219 |
4.25%, 10/26/49 (a) | 1,100,000 | 955,327 |
2.55%, 11/13/50 (a) | 450,000 | 285,466 |
3.70%, 03/15/52 (a) | 650,000 | 511,317 |
6.25%, 11/15/53 (a) | 300,000 | 343,657 |
3.90%, 03/15/62 (a) | 300,000 | 233,944 |
6.40%, 11/15/63 (a) | 200,000 | 232,461 |
Brown-Forman Corp. | ||
3.50%, 04/15/25 (a) | 200,000 | 196,374 |
4.00%, 04/15/38 (a) | 155,000 | 140,910 |
4.50%, 07/15/45 (a) | 150,000 | 139,968 |
Brunswick Corp. | ||
2.40%, 08/18/31 (a) | 160,000 | 129,735 |
4.40%, 09/15/32 (a) | 160,000 | 145,926 |
5.10%, 04/01/52 (a) | 100,000 | 78,441 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 200,000 | 189,064 |
3.75%, 09/25/27 (a) | 300,000 | 289,411 |
2.75%, 05/14/31 (a) | 350,000 | 305,043 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 250,000 | 246,217 |
3.30%, 03/19/25 (a) | 100,000 | 97,630 |
4.15%, 03/15/28 (a) | 200,000 | 196,221 |
2.38%, 04/24/30 (a) | 250,000 | 216,850 |
4.80%, 03/15/48 (a) | 265,000 | 242,488 |
3.13%, 04/24/50 (a) | 25,000 | 17,286 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25 (a) | 200,000 | 195,550 |
3.41%, 06/15/27 (a) | 350,000 | 336,132 |
4.60%, 03/15/43 | 150,000 | 133,779 |
4.50%, 11/15/44 (a) | 25,000 | 21,817 |
4.90%, 09/15/45 (a) | 150,000 | 137,824 |
4.37%, 06/15/47 (a) | 175,000 | 150,333 |
Catholic Health Services of Long Island Obligated Group | ||
3.37%, 07/01/50 (a) | 125,000 | 87,547 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 150,000 | 125,975 |
Cencora, Inc. | ||
3.25%, 03/01/25 (a) | 100,000 | 97,935 |
3.45%, 12/15/27 (a) | 300,000 | 289,175 |
2.80%, 05/15/30 (a) | 100,000 | 89,767 |
2.70%, 03/15/31 (a) | 300,000 | 263,294 |
4.25%, 03/01/45 (a) | 150,000 | 132,754 |
4.30%, 12/15/47 (a) | 150,000 | 134,721 |
Children's Health System of Texas | ||
2.51%, 08/15/50 (a) | 175,000 | 109,830 |
Children's Hospital | ||
2.93%, 07/15/50 (a) | 125,000 | 81,890 |
Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 100,000 | 88,351 |
2.59%, 02/01/50 (a) | 120,000 | 78,989 |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 100,000 | 91,843 |
Children's Hospital of Philadelphia | ||
2.70%, 07/01/50 (a) | 150,000 | 100,507 |
CHRISTUS Health | ||
4.34%, 07/01/28 (a) | 150,000 | 147,758 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 350,000 | 335,441 |
5.60%, 11/15/32 (a) | 150,000 | 161,238 |
5.00%, 06/15/52 (a) | 150,000 | 150,779 |
Cigna Group | ||
3.25%, 04/15/25 (a) | 300,000 | 292,848 |
4.13%, 11/15/25 (a) | 700,000 | 691,858 |
4.50%, 02/25/26 (a) | 385,000 | 382,493 |
1.25%, 03/15/26 (a) | 150,000 | 139,065 |
5.69%, 03/15/26 (a) | 50,000 | 50,044 |
3.40%, 03/01/27 (a) | 435,000 | 419,421 |
3.05%, 10/15/27 (a) | 191,000 | 181,593 |
4.38%, 10/15/28 (a) | 1,075,000 | 1,066,724 |
2.40%, 03/15/30 (a) | 500,000 | 438,193 |
2.38%, 03/15/31 (a) | 450,000 | 384,404 |
4.80%, 08/15/38 (a) | 625,000 | 605,709 |
3.20%, 03/15/40 (a) | 150,000 | 117,539 |
6.13%, 11/15/41 | 145,000 | 159,255 |
4.80%, 07/15/46 (a) | 405,000 | 381,375 |
3.88%, 10/15/47 (a) | 289,000 | 235,605 |
4.90%, 12/15/48 (a) | 850,000 | 809,575 |
3.40%, 03/15/50 (a) | 325,000 | 240,660 |
3.40%, 03/15/51 (a) | 550,000 | 408,293 |
City of Hope | ||
5.62%, 11/15/43 | 195,000 | 196,341 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 125,000 | 118,059 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 100,000 | 94,627 |
3.90%, 05/15/28 (a) | 250,000 | 242,557 |
4.40%, 05/01/29 (a) | 150,000 | 148,734 |
1.80%, 05/15/30 (a) | 200,000 | 167,182 |
Coca-Cola Co. | ||
3.38%, 03/25/27 | 350,000 | 342,154 |
1.45%, 06/01/27 | 500,000 | 457,200 |
1.00%, 03/15/28 | 500,000 | 441,230 |
2.13%, 09/06/29 | 275,000 | 248,698 |
3.45%, 03/25/30 | 400,000 | 384,061 |
1.65%, 06/01/30 | 450,000 | 385,807 |
2.00%, 03/05/31 | 205,000 | 177,087 |
1.38%, 03/15/31 | 400,000 | 330,337 |
2.25%, 01/05/32 | 500,000 | 437,056 |
2.50%, 06/01/40 | 350,000 | 265,140 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 03/25/50 | 150,000 | 140,089 |
2.60%, 06/01/50 | 560,000 | 387,104 |
3.00%, 03/05/51 | 550,000 | 415,950 |
2.50%, 03/15/51 | 500,000 | 336,704 |
2.75%, 06/01/60 | 325,000 | 225,709 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 200,000 | 195,850 |
Coca-Cola Femsa SAB de CV | ||
2.75%, 01/22/30 (a) | 350,000 | 314,967 |
1.85%, 09/01/32 (a) | 200,000 | 159,530 |
5.25%, 11/26/43 | 150,000 | 151,109 |
Colgate-Palmolive Co. | ||
3.10%, 08/15/27 (a) | 300,000 | 289,896 |
3.25%, 08/15/32 (a) | 250,000 | 232,493 |
4.60%, 03/01/33 (a) | 300,000 | 312,155 |
4.00%, 08/15/45 | 200,000 | 185,008 |
3.70%, 08/01/47 (a) | 57,000 | 49,957 |
CommonSpirit Health | ||
6.07%, 11/01/27 (a) | 150,000 | 154,946 |
3.35%, 10/01/29 (a) | 350,000 | 319,839 |
4.35%, 11/01/42 | 250,000 | 218,583 |
3.82%, 10/01/49 (a) | 250,000 | 198,883 |
4.19%, 10/01/49 (a) | 275,000 | 232,194 |
3.91%, 10/01/50 (a) | 185,000 | 146,579 |
6.46%, 11/01/52 (a) | 75,000 | 88,119 |
Community Health Network, Inc. | ||
3.10%, 05/01/50 (a) | 165,000 | 111,064 |
Conagra Brands, Inc. | ||
4.60%, 11/01/25 (a) | 250,000 | 247,901 |
1.38%, 11/01/27 (a) | 400,000 | 351,778 |
7.00%, 10/01/28 | 100,000 | 107,888 |
4.85%, 11/01/28 (a) | 400,000 | 400,071 |
8.25%, 09/15/30 | 50,000 | 58,471 |
5.30%, 11/01/38 (a) | 300,000 | 294,065 |
5.40%, 11/01/48 (a) | 330,000 | 319,758 |
Constellation Brands, Inc. | ||
4.40%, 11/15/25 (a) | 250,000 | 247,254 |
4.75%, 12/01/25 | 200,000 | 199,200 |
3.70%, 12/06/26 (a) | 200,000 | 195,187 |
4.35%, 05/09/27 (a) | 125,000 | 124,116 |
3.60%, 02/15/28 (a) | 100,000 | 96,134 |
4.65%, 11/15/28 (a) | 250,000 | 250,677 |
3.15%, 08/01/29 (a) | 400,000 | 372,760 |
2.88%, 05/01/30 (a) | 200,000 | 179,388 |
2.25%, 08/01/31 (a) | 300,000 | 252,536 |
4.75%, 05/09/32 (a) | 200,000 | 199,665 |
4.90%, 05/01/33 (a) | 100,000 | 100,662 |
4.50%, 05/09/47 (a) | 175,000 | 156,164 |
4.10%, 02/15/48 (a) | 175,000 | 148,965 |
5.25%, 11/15/48 (a) | 200,000 | 198,354 |
3.75%, 05/01/50 (a) | 100,000 | 79,988 |
Corewell Health Obligated Group | ||
3.49%, 07/15/49 (a) | 125,000 | 97,439 |
Cottage Health Obligated Group | ||
3.30%, 11/01/49 (a) | 150,000 | 112,112 |
CVS Health Corp. | ||
4.10%, 03/25/25 (a) | 300,000 | 297,183 |
3.88%, 07/20/25 (a) | 800,000 | 786,071 |
5.00%, 02/20/26 (a) | 400,000 | 401,903 |
2.88%, 06/01/26 (a) | 400,000 | 382,361 |
3.00%, 08/15/26 (a) | 250,000 | 239,199 |
3.63%, 04/01/27 (a) | 350,000 | 339,484 |
6.25%, 06/01/27 | 235,000 | 246,989 |
1.30%, 08/21/27 (a) | 600,000 | 533,750 |
4.30%, 03/25/28 (a) | 1,422,000 | 1,398,806 |
5.00%, 01/30/29 (a) | 250,000 | 254,433 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 08/15/29 (a) | 500,000 | 465,821 |
5.13%, 02/21/30 (a) | 400,000 | 406,552 |
3.75%, 04/01/30 (a) | 500,000 | 471,515 |
1.75%, 08/21/30 (a) | 100,000 | 82,721 |
5.25%, 01/30/31 (a) | 300,000 | 308,259 |
1.88%, 02/28/31 (a) | 400,000 | 329,391 |
2.13%, 09/15/31 (a) | 500,000 | 414,146 |
5.25%, 02/21/33 (a) | 400,000 | 409,176 |
5.30%, 06/01/33 (a) | 350,000 | 359,507 |
4.88%, 07/20/35 (a) | 200,000 | 196,857 |
4.78%, 03/25/38 (a) | 1,400,000 | 1,325,358 |
6.13%, 09/15/39 | 150,000 | 159,520 |
4.13%, 04/01/40 (a) | 300,000 | 258,292 |
2.70%, 08/21/40 (a) | 400,000 | 285,903 |
5.30%, 12/05/43 (a) | 200,000 | 194,124 |
5.13%, 07/20/45 (a) | 900,000 | 853,278 |
5.05%, 03/25/48 (a) | 2,200,000 | 2,064,686 |
4.25%, 04/01/50 (a) | 250,000 | 209,438 |
5.63%, 02/21/53 (a) | 350,000 | 355,576 |
5.88%, 06/01/53 (a) | 350,000 | 368,685 |
6.00%, 06/01/63 (a) | 200,000 | 212,974 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 150,000 | 146,765 |
4.38%, 09/15/45 (a) | 125,000 | 116,451 |
2.60%, 10/01/50 (a) | 250,000 | 167,697 |
2.80%, 12/10/51 (a) | 275,000 | 190,925 |
Dartmouth-Hitchcock Health | ||
4.18%, 08/01/48 (a) | 100,000 | 79,682 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 250,000 | 221,223 |
DH Europe Finance II SARL | ||
2.60%, 11/15/29 (a) | 250,000 | 226,384 |
3.25%, 11/15/39 (a) | 245,000 | 203,579 |
3.40%, 11/15/49 (a) | 325,000 | 257,417 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 200,000 | 189,112 |
5.38%, 10/05/26 (a) | 200,000 | 204,534 |
5.30%, 10/24/27 (a) | 300,000 | 310,017 |
3.88%, 05/18/28 (a) | 250,000 | 245,086 |
2.38%, 10/24/29 (a) | 200,000 | 180,482 |
2.00%, 04/29/30 (a) | 350,000 | 303,055 |
2.13%, 04/29/32 (a) | 250,000 | 208,963 |
5.50%, 01/24/33 (a) | 225,000 | 239,821 |
5.63%, 10/05/33 (a) | 300,000 | 324,074 |
5.88%, 09/30/36 | 200,000 | 220,706 |
3.88%, 04/29/43 (a) | 50,000 | 43,597 |
Diageo Investment Corp. | ||
7.45%, 04/15/35 | 100,000 | 121,859 |
4.25%, 05/11/42 | 100,000 | 91,337 |
Dignity Health | ||
4.50%, 11/01/42 | 145,000 | 128,036 |
5.27%, 11/01/64 | 100,000 | 94,533 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 200,000 | 170,740 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 225,000 | 221,840 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 50,000 | 48,708 |
5.00%, 02/27/26 (a) | 250,000 | 250,168 |
5.50%, 03/15/27 | 25,000 | 25,989 |
3.10%, 05/15/27 (a) | 150,000 | 144,791 |
3.38%, 03/15/29 (a) | 350,000 | 336,800 |
4.70%, 02/27/33 (a) | 300,000 | 308,124 |
3.70%, 03/01/45 (a) | 275,000 | 241,419 |
3.95%, 05/15/47 (a) | 150,000 | 137,123 |
3.95%, 03/15/49 (a) | 350,000 | 312,105 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.25%, 05/15/50 (a) | 500,000 | 324,135 |
4.88%, 02/27/53 (a) | 200,000 | 207,605 |
4.15%, 03/15/59 (a) | 225,000 | 206,619 |
2.50%, 09/15/60 (a) | 400,000 | 252,334 |
4.95%, 02/27/63 (a) | 200,000 | 207,732 |
Estee Lauder Cos., Inc. | ||
3.15%, 03/15/27 (a) | 350,000 | 335,626 |
4.38%, 05/15/28 (a) | 200,000 | 199,963 |
2.38%, 12/01/29 (a) | 200,000 | 178,276 |
2.60%, 04/15/30 (a) | 250,000 | 221,781 |
4.65%, 05/15/33 (a)(c) | 200,000 | 201,281 |
4.38%, 06/15/45 (a) | 150,000 | 136,206 |
4.15%, 03/15/47 (a) | 150,000 | 130,143 |
3.13%, 12/01/49 (a) | 200,000 | 146,093 |
5.15%, 05/15/53 (a) | 150,000 | 153,114 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 200,000 | 168,555 |
Fomento Economico Mexicano SAB de CV | ||
3.50%, 01/16/50 (a) | 600,000 | 458,052 |
Franciscan Missionaries of Our Lady Health System, Inc. | ||
3.91%, 07/01/49 (a) | 50,000 | 38,439 |
GE HealthCare Technologies, Inc. | ||
5.60%, 11/15/25 (a) | 400,000 | 403,678 |
5.65%, 11/15/27 (a) | 525,000 | 544,210 |
5.86%, 03/15/30 (a) | 350,000 | 368,173 |
5.91%, 11/22/32 (a) | 500,000 | 534,029 |
6.38%, 11/22/52 (a) | 300,000 | 349,302 |
General Mills, Inc. | ||
4.00%, 04/17/25 (a) | 200,000 | 197,617 |
5.24%, 11/18/25 (a) | 100,000 | 100,018 |
3.20%, 02/10/27 (a) | 400,000 | 383,307 |
4.20%, 04/17/28 (a) | 325,000 | 320,834 |
2.88%, 04/15/30 (a) | 350,000 | 316,499 |
2.25%, 10/14/31 (a) | 200,000 | 168,370 |
4.95%, 03/29/33 (a) | 300,000 | 304,399 |
4.70%, 04/17/48 (a) | 50,000 | 46,972 |
3.00%, 02/01/51 (a) | 501,000 | 350,099 |
Gilead Sciences, Inc. | ||
3.50%, 02/01/25 (a) | 600,000 | 590,731 |
3.65%, 03/01/26 (a) | 800,000 | 784,007 |
2.95%, 03/01/27 (a) | 475,000 | 453,168 |
1.20%, 10/01/27 (a) | 300,000 | 267,312 |
1.65%, 10/01/30 (a) | 50,000 | 41,932 |
5.25%, 10/15/33 (a) | 200,000 | 208,818 |
4.60%, 09/01/35 (a) | 175,000 | 173,177 |
4.00%, 09/01/36 (a) | 300,000 | 276,463 |
5.65%, 12/01/41 (a) | 325,000 | 347,538 |
4.80%, 04/01/44 (a) | 750,000 | 724,968 |
4.50%, 02/01/45 (a) | 400,000 | 370,418 |
4.75%, 03/01/46 (a) | 650,000 | 621,065 |
4.15%, 03/01/47 (a) | 575,000 | 501,957 |
2.80%, 10/01/50 (a) | 500,000 | 346,245 |
5.55%, 10/15/53 (a) | 200,000 | 217,120 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 150,000 | 144,567 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 350,000 | 344,305 |
3.88%, 05/15/28 | 550,000 | 543,181 |
5.38%, 04/15/34 | 130,000 | 140,278 |
6.38%, 05/15/38 | 775,000 | 902,004 |
4.20%, 03/18/43 | 175,000 | 163,642 |
Hackensack Meridian Health, Inc. | ||
2.68%, 09/01/41 (a) | 200,000 | 143,949 |
4.21%, 07/01/48 (a) | 100,000 | 89,120 |
4.50%, 07/01/57 (a) | 145,000 | 131,927 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Haleon U.K. Capital PLC | ||
3.13%, 03/24/25 | 600,000 | 585,995 |
Haleon U.S. Capital LLC | ||
3.38%, 03/24/27 (a) | 500,000 | 481,517 |
3.38%, 03/24/29 (a) | 300,000 | 284,251 |
3.63%, 03/24/32 (a) | 500,000 | 462,272 |
4.00%, 03/24/52 (a) | 300,000 | 255,219 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 140,000 | 102,115 |
Hasbro, Inc. | ||
3.55%, 11/19/26 (a) | 200,000 | 189,891 |
3.50%, 09/15/27 (a) | 150,000 | 141,530 |
3.90%, 11/19/29 (a) | 250,000 | 233,419 |
6.35%, 03/15/40 | 150,000 | 156,806 |
5.10%, 05/15/44 (a) | 100,000 | 88,814 |
HCA, Inc. | ||
5.38%, 02/01/25 | 750,000 | 749,994 |
5.25%, 04/15/25 | 450,000 | 450,228 |
5.88%, 02/15/26 (a) | 565,000 | 570,617 |
5.25%, 06/15/26 (a) | 350,000 | 351,830 |
5.38%, 09/01/26 (a) | 300,000 | 301,758 |
4.50%, 02/15/27 (a) | 350,000 | 346,466 |
3.13%, 03/15/27 (a) | 350,000 | 332,259 |
5.20%, 06/01/28 (a) | 250,000 | 252,692 |
5.63%, 09/01/28 (a) | 400,000 | 409,900 |
5.88%, 02/01/29 (a) | 250,000 | 258,047 |
3.38%, 03/15/29 (a) | 150,000 | 138,561 |
4.13%, 06/15/29 (a) | 575,000 | 550,527 |
3.50%, 09/01/30 (a) | 750,000 | 680,502 |
2.38%, 07/15/31 (a) | 310,000 | 256,567 |
3.63%, 03/15/32 (a) | 500,000 | 447,634 |
5.50%, 06/01/33 (a) | 300,000 | 305,384 |
5.13%, 06/15/39 (a) | 225,000 | 214,975 |
4.38%, 03/15/42 (a) | 160,000 | 135,780 |
5.50%, 06/15/47 (a) | 450,000 | 433,295 |
5.25%, 06/15/49 (a) | 550,000 | 513,014 |
3.50%, 07/15/51 (a) | 450,000 | 317,352 |
4.63%, 03/15/52 (a) | 600,000 | 512,393 |
5.90%, 06/01/53 (a) | 250,000 | 256,837 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 265,000 | 251,335 |
2.30%, 08/15/26 (a) | 310,000 | 294,521 |
2.45%, 11/15/29 (a) | 100,000 | 90,654 |
3.13%, 11/15/49 (a) | 225,000 | 172,309 |
2.65%, 06/01/50 (a) | 165,000 | 114,476 |
Hoag Memorial Hospital Presbyterian | ||
3.80%, 07/15/52 (a) | 175,000 | 145,497 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 200,000 | 180,145 |
1.80%, 06/11/30 (a) | 250,000 | 212,952 |
3.05%, 06/03/51 (a) | 250,000 | 181,249 |
IHC Health Services, Inc. | ||
4.13%, 05/15/48 (a) | 150,000 | 138,161 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 150,000 | 154,252 |
2.55%, 03/23/31 (a) | 175,000 | 148,116 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 140,000 | 121,009 |
2.85%, 11/01/51 (a) | 50,000 | 34,541 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 150,000 | 143,635 |
2.90%, 06/01/30 (a) | 250,000 | 223,468 |
3.90%, 06/01/50 (a) | 100,000 | 74,206 |
Inova Health System Foundation | ||
4.07%, 05/15/52 (a) | 150,000 | 131,638 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Integris Baptist Medical Center, Inc. | ||
3.88%, 08/15/50 (a) | 150,000 | 116,283 |
Iowa Health System | ||
Series 2020 3.67%, 02/15/50 (a) | 100,000 | 76,172 |
IQVIA, Inc. | ||
5.70%, 05/15/28 (a)(d) | 200,000 | 204,211 |
6.25%, 02/01/29 (a)(d) | 200,000 | 208,958 |
J M Smucker Co. | ||
3.50%, 03/15/25 | 350,000 | 343,465 |
5.90%, 11/15/28 (a) | 300,000 | 316,022 |
2.38%, 03/15/30 (a) | 200,000 | 172,968 |
2.13%, 03/15/32 (a) | 200,000 | 162,375 |
6.20%, 11/15/33 (a) | 300,000 | 327,486 |
4.25%, 03/15/35 | 200,000 | 186,511 |
6.50%, 11/15/43 (a) | 200,000 | 223,301 |
4.38%, 03/15/45 | 200,000 | 177,031 |
3.55%, 03/15/50 (a) | 100,000 | 73,879 |
6.50%, 11/15/53 (a) | 200,000 | 231,099 |
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL | ||
6.75%, 03/15/34 (a)(d) | 500,000 | 526,485 |
7.25%, 11/15/53 (a)(d) | 200,000 | 218,137 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
2.50%, 01/15/27 (a) | 300,000 | 276,405 |
5.13%, 02/01/28 (a) | 250,000 | 249,070 |
5.50%, 01/15/30 (a) | 400,000 | 392,337 |
3.75%, 12/01/31 (a) | 200,000 | 172,329 |
3.63%, 01/15/32 (a) | 225,000 | 192,379 |
3.00%, 05/15/32 (a) | 500,000 | 407,294 |
5.75%, 04/01/33 (a) | 500,000 | 494,991 |
4.38%, 02/02/52 (a) | 375,000 | 278,418 |
6.50%, 12/01/52 (a) | 375,000 | 376,729 |
Johnson & Johnson | ||
2.63%, 01/15/25 (a) | 220,000 | 215,380 |
0.55%, 09/01/25 (a) | 370,000 | 346,962 |
2.45%, 03/01/26 (a) | 500,000 | 480,969 |
2.95%, 03/03/27 (a) | 275,000 | 265,719 |
0.95%, 09/01/27 (a) | 450,000 | 402,003 |
2.90%, 01/15/28 (a) | 350,000 | 335,123 |
6.95%, 09/01/29 | 100,000 | 115,563 |
1.30%, 09/01/30 (a) | 575,000 | 483,155 |
4.95%, 05/15/33 | 100,000 | 108,136 |
4.38%, 12/05/33 (a) | 250,000 | 257,171 |
3.55%, 03/01/36 (a) | 317,000 | 293,507 |
3.63%, 03/03/37 (a) | 550,000 | 507,590 |
3.40%, 01/15/38 (a) | 300,000 | 266,255 |
5.85%, 07/15/38 | 232,000 | 265,955 |
2.10%, 09/01/40 (a) | 350,000 | 249,900 |
4.50%, 09/01/40 | 50,000 | 49,923 |
4.85%, 05/15/41 | 150,000 | 156,254 |
4.50%, 12/05/43 (a) | 200,000 | 200,290 |
3.70%, 03/01/46 (a) | 575,000 | 503,071 |
3.75%, 03/03/47 (a) | 300,000 | 264,733 |
3.50%, 01/15/48 (a) | 175,000 | 147,543 |
2.25%, 09/01/50 (a) | 375,000 | 248,138 |
2.45%, 09/01/60 (a) | 425,000 | 273,700 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 200,000 | 191,762 |
2.81%, 06/01/41 (a) | 400,000 | 300,491 |
4.88%, 04/01/42 | 50,000 | 49,311 |
4.15%, 05/01/47 (a) | 400,000 | 354,276 |
3.27%, 11/01/49 (a) | 300,000 | 225,852 |
3.00%, 06/01/51 (a) | 450,000 | 321,801 |
Kellanova | ||
3.25%, 04/01/26 | 200,000 | 193,961 |
4.30%, 05/15/28 (a) | 350,000 | 346,805 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.10%, 06/01/30 (a) | 250,000 | 215,035 |
7.45%, 04/01/31 | 200,000 | 229,301 |
4.50%, 04/01/46 | 246,000 | 220,802 |
Kenvue, Inc. | ||
5.50%, 03/22/25 | 200,000 | 201,721 |
5.35%, 03/22/26 (a) | 200,000 | 203,530 |
5.05%, 03/22/28 (a) | 350,000 | 358,861 |
5.00%, 03/22/30 (a) | 200,000 | 207,130 |
4.90%, 03/22/33 (a) | 400,000 | 412,459 |
5.10%, 03/22/43 (a) | 260,000 | 270,830 |
5.05%, 03/22/53 (a) | 400,000 | 414,112 |
5.20%, 03/22/63 (a) | 200,000 | 209,612 |
Keurig Dr Pepper, Inc. | ||
4.42%, 05/25/25 (a) | 150,000 | 148,549 |
3.40%, 11/15/25 (a) | 200,000 | 194,527 |
2.55%, 09/15/26 (a) | 150,000 | 141,801 |
3.43%, 06/15/27 (a) | 200,000 | 193,068 |
4.60%, 05/25/28 (a) | 400,000 | 401,088 |
3.20%, 05/01/30 (a) | 300,000 | 275,971 |
2.25%, 03/15/31 (a) | 250,000 | 213,807 |
4.50%, 11/15/45 (a) | 150,000 | 136,100 |
4.42%, 12/15/46 (a) | 200,000 | 178,040 |
5.09%, 05/25/48 (a) | 75,000 | 73,992 |
3.80%, 05/01/50 (a) | 295,000 | 239,516 |
4.50%, 04/15/52 (a) | 400,000 | 366,655 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 150,000 | 145,047 |
1.05%, 09/15/27 (a) | 200,000 | 178,638 |
3.95%, 11/01/28 (a) | 200,000 | 197,441 |
3.20%, 04/25/29 (a) | 200,000 | 189,796 |
3.10%, 03/26/30 (a) | 200,000 | 186,731 |
2.00%, 11/02/31 (a)(c) | 150,000 | 126,992 |
6.63%, 08/01/37 | 300,000 | 357,744 |
5.30%, 03/01/41 | 200,000 | 208,945 |
3.20%, 07/30/46 (a) | 150,000 | 115,146 |
3.90%, 05/04/47 (a) | 50,000 | 42,530 |
Koninklijke Ahold Delhaize NV | ||
5.70%, 10/01/40 | 123,000 | 126,799 |
Koninklijke Philips NV | ||
6.88%, 03/11/38 | 217,000 | 242,911 |
5.00%, 03/15/42 | 150,000 | 138,207 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 500,000 | 480,726 |
3.88%, 05/15/27 (a) | 400,000 | 392,556 |
4.63%, 01/30/29 (a) | 100,000 | 100,857 |
3.75%, 04/01/30 (a) | 250,000 | 239,203 |
4.25%, 03/01/31 (a) | 65,000 | 63,804 |
6.75%, 03/15/32 | 100,000 | 113,041 |
5.00%, 07/15/35 (a) | 300,000 | 302,234 |
6.88%, 01/26/39 | 175,000 | 202,942 |
4.63%, 10/01/39 (a) | 125,000 | 116,784 |
6.50%, 02/09/40 | 200,000 | 224,824 |
5.00%, 06/04/42 | 550,000 | 531,907 |
5.20%, 07/15/45 (a) | 525,000 | 514,958 |
4.38%, 06/01/46 (a) | 600,000 | 525,494 |
4.88%, 10/01/49 (a) | 300,000 | 284,717 |
5.50%, 06/01/50 (a) | 200,000 | 206,691 |
Kroger Co. | ||
2.65%, 10/15/26 (a) | 200,000 | 189,233 |
3.70%, 08/01/27 (a) | 150,000 | 145,449 |
4.50%, 01/15/29 (a) | 200,000 | 198,938 |
2.20%, 05/01/30 (a) | 250,000 | 214,458 |
1.70%, 01/15/31 (a) | 200,000 | 162,072 |
7.50%, 04/01/31 | 100,000 | 114,946 |
6.90%, 04/15/38 | 190,000 | 216,777 |
5.40%, 07/15/40 (a) | 50,000 | 49,307 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.00%, 04/15/42 (a) | 100,000 | 94,072 |
5.15%, 08/01/43 (a) | 117,000 | 112,773 |
3.88%, 10/15/46 (a) | 110,000 | 86,864 |
4.45%, 02/01/47 (a) | 300,000 | 266,087 |
4.65%, 01/15/48 (a) | 150,000 | 134,811 |
5.40%, 01/15/49 (a) | 200,000 | 202,357 |
3.95%, 01/15/50 (a) | 120,000 | 98,254 |
Laboratory Corp. of America Holdings | ||
3.60%, 02/01/25 (a) | 210,000 | 206,452 |
1.55%, 06/01/26 (a) | 96,000 | 88,736 |
3.60%, 09/01/27 (a) | 200,000 | 193,221 |
2.95%, 12/01/29 (a) | 250,000 | 225,352 |
2.70%, 06/01/31 (a) | 150,000 | 129,565 |
4.70%, 02/01/45 (a) | 250,000 | 230,984 |
Mass General Brigham, Inc. | ||
3.77%, 07/01/48 (a) | 100,000 | 83,183 |
3.19%, 07/01/49 (a) | 140,000 | 103,895 |
4.12%, 07/01/55 | 100,000 | 85,986 |
3.34%, 07/01/60 (a) | 175,000 | 126,026 |
Mattel, Inc. | ||
5.45%, 11/01/41 (a) | 200,000 | 179,468 |
Mayo Clinic | ||
3.77%, 11/15/43 | 100,000 | 86,161 |
4.00%, 11/15/47 | 75,000 | 65,559 |
4.13%, 11/15/52 | 110,000 | 98,368 |
3.20%, 11/15/61 (a) | 150,000 | 105,598 |
McCormick & Co., Inc. | ||
0.90%, 02/15/26 (a) | 150,000 | 138,229 |
3.40%, 08/15/27 (a) | 250,000 | 238,984 |
2.50%, 04/15/30 (a) | 200,000 | 175,390 |
4.20%, 08/15/47 (a) | 275,000 | 238,388 |
McKesson Corp. | ||
0.90%, 12/03/25 (a) | 350,000 | 324,982 |
1.30%, 08/15/26 (a) | 400,000 | 368,130 |
3.95%, 02/16/28 (a) | 100,000 | 98,583 |
McLaren Health Care Corp. | ||
Series A 4.39%, 05/15/48 (a) | 150,000 | 130,637 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 200,000 | 197,407 |
5.90%, 11/01/39 | 125,000 | 133,706 |
4.60%, 06/01/44 (a) | 175,000 | 164,240 |
MedStar Health, Inc. | ||
3.63%, 08/15/49 | 100,000 | 76,306 |
Medtronic Global Holdings SCA | ||
4.25%, 03/30/28 (a) | 250,000 | 249,247 |
4.50%, 03/30/33 (a) | 375,000 | 375,351 |
Medtronic, Inc. | ||
4.38%, 03/15/35 | 550,000 | 537,407 |
4.63%, 03/15/45 | 500,000 | 487,366 |
Memorial Health Services | ||
3.45%, 11/01/49 (a) | 100,000 | 76,317 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 130,000 | 130,244 |
2.96%, 01/01/50 (a) | 150,000 | 106,372 |
4.13%, 07/01/52 | 50,000 | 44,031 |
4.20%, 07/01/55 | 200,000 | 175,814 |
Merck & Co., Inc. | ||
2.75%, 02/10/25 (a) | 800,000 | 782,453 |
0.75%, 02/24/26 (a) | 300,000 | 278,259 |
1.70%, 06/10/27 (a) | 450,000 | 413,051 |
1.90%, 12/10/28 (a) | 300,000 | 270,172 |
3.40%, 03/07/29 (a) | 505,000 | 485,176 |
4.30%, 05/17/30 (a) | 200,000 | 200,164 |
1.45%, 06/24/30 (a) | 350,000 | 293,023 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.15%, 12/10/31 (a) | 500,000 | 427,714 |
4.50%, 05/17/33 (a) | 400,000 | 403,082 |
6.50%, 12/01/33 (g) | 275,000 | 323,457 |
3.90%, 03/07/39 (a) | 250,000 | 227,505 |
2.35%, 06/24/40 (a) | 300,000 | 218,161 |
3.60%, 09/15/42 (a) | 175,000 | 148,871 |
4.15%, 05/18/43 | 350,000 | 322,388 |
4.90%, 05/17/44 (a) | 300,000 | 303,812 |
3.70%, 02/10/45 (a) | 500,000 | 425,655 |
4.00%, 03/07/49 (a) | 450,000 | 397,757 |
2.45%, 06/24/50 (a) | 470,000 | 310,700 |
2.75%, 12/10/51 (a) | 575,000 | 396,772 |
5.00%, 05/17/53 (a) | 400,000 | 411,901 |
2.90%, 12/10/61 (a) | 400,000 | 268,443 |
5.15%, 05/17/63 (a) | 300,000 | 313,888 |
Merck Sharp & Dohme Corp. | ||
5.95%, 12/01/28 | 50,000 | 53,653 |
5.75%, 11/15/36 | 100,000 | 109,185 |
Methodist Hospital | ||
2.71%, 12/01/50 (a) | 175,000 | 117,582 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 590,000 | 565,351 |
5.00%, 05/01/42 | 300,000 | 290,349 |
4.20%, 07/15/46 (a) | 450,000 | 384,331 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 250,000 | 238,519 |
2.63%, 03/17/27 (a) | 250,000 | 235,948 |
2.75%, 04/13/30 (a) | 275,000 | 248,718 |
1.50%, 02/04/31 (a) | 200,000 | 163,379 |
3.00%, 03/17/32 (a) | 250,000 | 222,047 |
1.88%, 10/15/32 (a)(c) | 225,000 | 183,458 |
2.63%, 09/04/50 (a) | 250,000 | 168,016 |
Montefiore Obligated Group | ||
5.25%, 11/01/48 | 140,000 | 102,996 |
4.29%, 09/01/50 | 100,000 | 62,125 |
Mount Nittany Medical Center Obligated Group | ||
3.80%, 11/15/52 | 125,000 | 99,391 |
Mount Sinai Hospital | ||
3.98%, 07/01/48 | 100,000 | 82,680 |
3.74%, 07/01/49 (a) | 150,000 | 115,725 |
3.39%, 07/01/50 (a) | 125,000 | 88,023 |
MultiCare Health System | ||
2.80%, 08/15/50 (a) | 125,000 | 77,504 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 200,000 | 194,526 |
5.40%, 11/29/43 (a) | 150,000 | 130,322 |
5.20%, 04/15/48 (a) | 225,000 | 186,658 |
MyMichigan Health | ||
3.41%, 06/01/50 (a) | 125,000 | 90,731 |
New York & Presbyterian Hospital | ||
2.26%, 08/01/40 (a) | 150,000 | 103,551 |
4.02%, 08/01/45 | 100,000 | 86,557 |
4.06%, 08/01/56 | 100,000 | 84,973 |
2.61%, 08/01/60 (a) | 100,000 | 59,602 |
3.95%, 08/01/19 (a) | 175,000 | 129,696 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 150,000 | 121,944 |
4.26%, 11/01/47 (a) | 250,000 | 212,201 |
3.81%, 11/01/49 (a) | 125,000 | 96,590 |
Northwestern Memorial Healthcare Obligated Group | ||
2.63%, 07/15/51 (a) | 125,000 | 83,735 |
Novant Health, Inc. | ||
2.64%, 11/01/36 (a) | 150,000 | 115,893 |
3.17%, 11/01/51 (a) | 175,000 | 122,604 |
3.32%, 11/01/61 (a) | 125,000 | 84,769 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Novartis Capital Corp. | ||
1.75%, 02/14/25 (a) | 350,000 | 338,906 |
3.00%, 11/20/25 (a) | 450,000 | 437,977 |
2.00%, 02/14/27 (a) | 200,000 | 187,459 |
3.10%, 05/17/27 (a) | 350,000 | 337,078 |
2.20%, 08/14/30 (a) | 470,000 | 414,257 |
3.70%, 09/21/42 | 100,000 | 87,212 |
4.40%, 05/06/44 | 625,000 | 599,740 |
4.00%, 11/20/45 (a) | 375,000 | 338,591 |
2.75%, 08/14/50 (a) | 350,000 | 253,041 |
NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | ||
Series 2020 2.67%, 10/01/50 (a) | 125,000 | 78,389 |
NYU Langone Hospitals | ||
5.75%, 07/01/43 | 100,000 | 106,303 |
4.78%, 07/01/44 | 100,000 | 94,556 |
4.37%, 07/01/47 (a) | 155,000 | 139,260 |
3.38%, 07/01/55 (a) | 150,000 | 107,255 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 135,000 | 113,570 |
2.83%, 11/15/41 (a) | 50,000 | 37,244 |
3.04%, 11/15/50 (a) | 150,000 | 110,737 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 100,000 | 84,694 |
3.33%, 10/01/50 (a) | 100,000 | 74,703 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 125,000 | 115,920 |
4.79%, 11/15/48 (a) | 175,000 | 154,364 |
3.22%, 11/15/50 (a) | 150,000 | 98,016 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 400,000 | 388,850 |
2.75%, 04/30/25 (a) | 300,000 | 292,486 |
3.50%, 07/17/25 (a) | 200,000 | 196,854 |
5.25%, 11/10/25 | 300,000 | 304,815 |
4.55%, 02/13/26 (a) | 150,000 | 150,739 |
2.85%, 02/24/26 (a) | 300,000 | 290,245 |
2.38%, 10/06/26 (a) | 300,000 | 285,293 |
2.63%, 03/19/27 (a) | 250,000 | 237,402 |
3.00%, 10/15/27 (a) | 500,000 | 480,842 |
3.60%, 02/18/28 (a) | 300,000 | 294,100 |
7.00%, 03/01/29 | 200,000 | 224,696 |
2.63%, 07/29/29 (a) | 300,000 | 276,689 |
2.75%, 03/19/30 (a) | 500,000 | 459,591 |
1.63%, 05/01/30 (a) | 295,000 | 251,621 |
1.40%, 02/25/31 (a) | 200,000 | 165,441 |
1.95%, 10/21/31 (a) | 600,000 | 509,544 |
3.90%, 07/18/32 (a) | 350,000 | 343,025 |
3.50%, 03/19/40 (a) | 200,000 | 170,955 |
2.63%, 10/21/41 (a) | 50,000 | 37,733 |
4.00%, 03/05/42 | 250,000 | 227,250 |
3.60%, 08/13/42 | 145,000 | 123,170 |
4.45%, 04/14/46 (a) | 375,000 | 361,600 |
3.45%, 10/06/46 (a) | 200,000 | 165,693 |
4.00%, 05/02/47 (a) | 225,000 | 201,554 |
3.38%, 07/29/49 (a) | 250,000 | 200,066 |
2.88%, 10/15/49 (a) | 350,000 | 257,688 |
3.63%, 03/19/50 (a) | 300,000 | 252,405 |
2.75%, 10/21/51 (a) | 250,000 | 178,014 |
4.20%, 07/18/52 (a) | 50,000 | 46,402 |
3.88%, 03/19/60 (a) | 250,000 | 217,164 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.65%, 05/19/25 | 750,000 | 748,423 |
4.45%, 05/19/26 (a) | 900,000 | 897,748 |
4.45%, 05/19/28 (a) | 1,100,000 | 1,100,560 |
4.65%, 05/19/30 (a) | 800,000 | 806,091 |
4.75%, 05/19/33 (a) | 1,350,000 | 1,352,655 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.11%, 05/19/43 (a) | 800,000 | 798,574 |
5.30%, 05/19/53 (a) | 1,600,000 | 1,636,278 |
5.34%, 05/19/63 (a) | 1,000,000 | 1,011,620 |
Pfizer, Inc. | ||
0.80%, 05/28/25 (a) | 150,000 | 142,013 |
2.75%, 06/03/26 | 400,000 | 383,853 |
3.00%, 12/15/26 | 550,000 | 530,387 |
3.60%, 09/15/28 (a) | 300,000 | 292,404 |
3.45%, 03/15/29 (a) | 500,000 | 481,811 |
2.63%, 04/01/30 (a) | 350,000 | 315,866 |
1.70%, 05/28/30 (a) | 250,000 | 213,072 |
1.75%, 08/18/31 (a) | 300,000 | 249,433 |
4.00%, 12/15/36 | 250,000 | 236,076 |
4.10%, 09/15/38 (a) | 200,000 | 184,308 |
3.90%, 03/15/39 (a) | 300,000 | 266,298 |
7.20%, 03/15/39 | 650,000 | 806,979 |
2.55%, 05/28/40 (a) | 300,000 | 220,177 |
5.60%, 09/15/40 | 140,000 | 148,382 |
4.30%, 06/15/43 | 250,000 | 230,075 |
4.40%, 05/15/44 | 350,000 | 331,250 |
4.13%, 12/15/46 | 200,000 | 178,249 |
4.20%, 09/15/48 (a) | 300,000 | 271,638 |
4.00%, 03/15/49 (a) | 395,000 | 346,105 |
2.70%, 05/28/50 (a) | 250,000 | 174,222 |
Pharmacia LLC | ||
6.60%, 12/01/28 (e) | 400,000 | 437,082 |
Philip Morris International, Inc. | ||
1.50%, 05/01/25 (a) | 200,000 | 191,294 |
3.38%, 08/11/25 (a) | 150,000 | 146,512 |
5.00%, 11/17/25 | 300,000 | 301,515 |
4.88%, 02/13/26 | 700,000 | 702,341 |
2.75%, 02/25/26 (a) | 255,000 | 244,526 |
0.88%, 05/01/26 (a) | 250,000 | 229,104 |
3.13%, 08/17/27 (a) | 50,000 | 47,638 |
5.13%, 11/17/27 (a) | 500,000 | 509,307 |
4.88%, 02/15/28 (a) | 600,000 | 607,404 |
3.13%, 03/02/28 (a) | 250,000 | 236,443 |
5.25%, 09/07/28 (a) | 100,000 | 103,010 |
3.38%, 08/15/29 (a) | 200,000 | 187,634 |
5.63%, 11/17/29 (a) | 400,000 | 420,040 |
5.13%, 02/15/30 (a) | 600,000 | 610,918 |
2.10%, 05/01/30 (a) | 250,000 | 215,536 |
1.75%, 11/01/30 (a) | 250,000 | 206,191 |
5.75%, 11/17/32 (a) | 400,000 | 420,277 |
5.38%, 02/15/33 (a) | 450,000 | 462,357 |
6.38%, 05/16/38 | 530,000 | 593,325 |
4.38%, 11/15/41 | 250,000 | 222,213 |
4.50%, 03/20/42 | 250,000 | 225,015 |
3.88%, 08/21/42 | 250,000 | 205,343 |
4.13%, 03/04/43 | 250,000 | 212,454 |
4.88%, 11/15/43 | 310,000 | 292,643 |
4.25%, 11/10/44 | 350,000 | 301,046 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 175,000 | 142,490 |
2.86%, 01/01/52 (a) | 75,000 | 50,095 |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a) | 300,000 | 271,234 |
3.50%, 03/01/32 (a) | 300,000 | 254,347 |
6.25%, 07/01/33 (a) | 250,000 | 257,540 |
Presbyterian Healthcare Services | ||
4.88%, 08/01/52 (a) | 100,000 | 99,290 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 300,000 | 280,496 |
4.10%, 01/26/26 | 200,000 | 199,491 |
2.70%, 02/02/26 | 45,000 | 43,519 |
1.00%, 04/23/26 | 250,000 | 232,238 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.45%, 11/03/26 | 350,000 | 334,618 |
2.80%, 03/25/27 | 200,000 | 191,704 |
2.85%, 08/11/27 | 200,000 | 191,691 |
3.95%, 01/26/28 | 275,000 | 274,871 |
3.00%, 03/25/30 | 470,000 | 440,494 |
1.20%, 10/29/30 | 375,000 | 310,714 |
1.95%, 04/23/31 | 325,000 | 281,786 |
2.30%, 02/01/32 | 275,000 | 243,138 |
4.05%, 01/26/33 | 250,000 | 250,781 |
5.80%, 08/15/34 | 125,000 | 145,497 |
5.55%, 03/05/37 | 115,000 | 129,006 |
3.55%, 03/25/40 | 210,000 | 187,913 |
3.50%, 10/25/47 | 150,000 | 128,043 |
3.60%, 03/25/50 | 150,000 | 132,257 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 210,000 | 183,832 |
3.74%, 10/01/47 | 112,000 | 86,114 |
3.93%, 10/01/48 (a) | 200,000 | 155,816 |
2.70%, 10/01/51 (a) | 150,000 | 92,439 |
Queen's Health Systems | ||
4.81%, 07/01/52 (a) | 100,000 | 96,166 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 225,000 | 220,342 |
3.45%, 06/01/26 (a) | 100,000 | 97,333 |
4.20%, 06/30/29 (a) | 350,000 | 343,707 |
2.95%, 06/30/30 (a) | 200,000 | 179,212 |
2.80%, 06/30/31 (a) | 200,000 | 174,951 |
4.70%, 03/30/45 (a) | 100,000 | 91,346 |
Rady Children's Hospital-San Diego | ||
3.15%, 08/15/51 (a) | 75,000 | 53,989 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 375,000 | 308,490 |
2.80%, 09/15/50 (a) | 250,000 | 165,717 |
Revvity, Inc. | ||
1.90%, 09/15/28 (a) | 150,000 | 130,059 |
3.30%, 09/15/29 (a) | 250,000 | 227,097 |
2.55%, 03/15/31 (a) | 75,000 | 63,894 |
2.25%, 09/15/31 (a) | 200,000 | 164,902 |
3.63%, 03/15/51 (a) | 125,000 | 90,330 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 650,000 | 642,902 |
5.70%, 08/15/35 (a) | 200,000 | 197,723 |
7.25%, 06/15/37 | 125,000 | 136,529 |
6.15%, 09/15/43 | 175,000 | 174,741 |
5.85%, 08/15/45 (a) | 670,000 | 632,186 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 325,000 | 303,485 |
1.75%, 09/02/27 (a) | 300,000 | 269,441 |
2.20%, 09/02/30 (a) | 300,000 | 252,618 |
2.15%, 09/02/31 (a) | 175,000 | 143,326 |
3.30%, 09/02/40 (a) | 300,000 | 226,194 |
3.55%, 09/02/50 (a) | 250,000 | 178,206 |
3.35%, 09/02/51 (a) | 125,000 | 85,026 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 150,000 | 143,119 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 175,000 | 145,409 |
3.48%, 07/01/49 (a) | 80,000 | 62,409 |
Sanofi SA | ||
3.63%, 06/19/28 (a) | 275,000 | 269,814 |
Seattle Children's Hospital | ||
2.72%, 10/01/50 (a) | 135,000 | 89,683 |
Sentara Healthcare | ||
2.93%, 11/01/51 (a) | 100,000 | 68,542 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sharp HealthCare | ||
2.68%, 08/01/50 (a) | 100,000 | 65,751 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 800,000 | 770,037 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 270,000 | 223,515 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 50,000 | 46,029 |
3.80%, 11/15/48 (a) | 150,000 | 125,432 |
3.03%, 08/15/51 (a) | 150,000 | 106,496 |
STERIS Irish FinCo UnLtd Co. | ||
2.70%, 03/15/31 (a) | 200,000 | 172,277 |
3.75%, 03/15/51 (a) | 200,000 | 155,308 |
Stryker Corp. | ||
1.15%, 06/15/25 (a) | 200,000 | 189,277 |
3.38%, 11/01/25 (a) | 200,000 | 194,793 |
3.50%, 03/15/26 (a) | 240,000 | 234,249 |
3.65%, 03/07/28 (a) | 150,000 | 145,359 |
1.95%, 06/15/30 (a) | 300,000 | 256,905 |
4.10%, 04/01/43 (a) | 100,000 | 88,233 |
4.38%, 05/15/44 (a) | 155,000 | 142,376 |
4.63%, 03/15/46 (a) | 250,000 | 241,880 |
2.90%, 06/15/50 (a) | 200,000 | 145,257 |
Summa Health | ||
3.51%, 11/15/51 (a) | 100,000 | 72,027 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 200,000 | 187,227 |
2.29%, 08/15/30 (a) | 250,000 | 213,852 |
3.16%, 08/15/40 (a) | 100,000 | 78,498 |
4.09%, 08/15/48 (a) | 330,000 | 287,666 |
3.36%, 08/15/50 (a) | 200,000 | 149,185 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 200,000 | 195,625 |
3.30%, 07/15/26 (a) | 250,000 | 241,696 |
3.25%, 07/15/27 (a) | 200,000 | 191,469 |
2.40%, 02/15/30 (a) | 200,000 | 176,534 |
5.95%, 04/01/30 (a) | 200,000 | 213,062 |
2.45%, 12/14/31 (a) | 150,000 | 127,114 |
5.38%, 09/21/35 | 200,000 | 206,050 |
6.60%, 04/01/40 (a) | 170,000 | 191,740 |
4.85%, 10/01/45 (a) | 175,000 | 161,977 |
4.50%, 04/01/46 (a) | 150,000 | 133,621 |
4.45%, 03/15/48 (a) | 175,000 | 154,415 |
3.30%, 02/15/50 (a) | 215,000 | 158,292 |
6.60%, 04/01/50 (a) | 431,000 | 505,554 |
Takeda Pharmaceutical Co. Ltd. | ||
5.00%, 11/26/28 (a) | 500,000 | 507,783 |
2.05%, 03/31/30 (a) | 750,000 | 643,648 |
3.03%, 07/09/40 (a) | 450,000 | 346,650 |
3.18%, 07/09/50 (a) | 490,000 | 351,160 |
3.38%, 07/09/60 (a) | 300,000 | 210,926 |
Texas Health Resources | ||
2.33%, 11/15/50 (a) | 100,000 | 60,963 |
4.33%, 11/15/55 | 100,000 | 90,561 |
Thermo Fisher Scientific, Inc. | ||
4.95%, 08/10/26 (a) | 250,000 | 253,565 |
5.00%, 12/05/26 (a) | 300,000 | 304,926 |
1.75%, 10/15/28 (a) | 200,000 | 178,513 |
5.00%, 01/31/29 (a) | 300,000 | 308,209 |
2.60%, 10/01/29 (a) | 260,000 | 237,143 |
4.98%, 08/10/30 (a) | 250,000 | 256,376 |
2.00%, 10/15/31 (a) | 375,000 | 316,301 |
4.95%, 11/21/32 (a) | 200,000 | 206,555 |
5.09%, 08/10/33 (a) | 250,000 | 260,574 |
5.20%, 01/31/34 (a) | 200,000 | 209,993 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.80%, 10/15/41 (a) | 350,000 | 265,961 |
5.30%, 02/01/44 (a) | 98,000 | 102,099 |
4.10%, 08/15/47 (a) | 235,000 | 210,079 |
Toledo Hospital | ||
5.75%, 11/15/38 (a) | 145,000 | 145,106 |
Trinity Health Corp. | ||
2.63%, 12/01/40 (a) | 50,000 | 36,417 |
4.13%, 12/01/45 | 175,000 | 153,155 |
3.43%, 12/01/48 | 125,000 | 98,880 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 300,000 | 294,413 |
3.55%, 06/02/27 (a) | 300,000 | 286,607 |
4.35%, 03/01/29 (a) | 360,000 | 350,403 |
4.88%, 08/15/34 (a) | 250,000 | 242,845 |
5.15%, 08/15/44 (a) | 175,000 | 161,240 |
4.55%, 06/02/47 (a) | 250,000 | 210,172 |
5.10%, 09/28/48 (a) | 310,000 | 282,127 |
Unilever Capital Corp. | ||
3.10%, 07/30/25 | 200,000 | 196,425 |
2.00%, 07/28/26 | 250,000 | 235,776 |
2.90%, 05/05/27 (a) | 345,000 | 329,580 |
3.50%, 03/22/28 (a) | 350,000 | 339,687 |
2.13%, 09/06/29 (a) | 200,000 | 178,512 |
1.38%, 09/14/30 (a) | 195,000 | 161,897 |
1.75%, 08/12/31 (a) | 300,000 | 249,646 |
5.90%, 11/15/32 | 325,000 | 362,531 |
5.00%, 12/08/33 (a) | 300,000 | 311,907 |
2.63%, 08/12/51 (a) | 300,000 | 206,717 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 200,000 | 182,179 |
2.65%, 10/15/30 (a) | 250,000 | 212,493 |
2.65%, 01/15/32 (a) | 150,000 | 123,461 |
UPMC | ||
3.60%, 04/03/25 | 295,000 | 288,586 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 550,000 | 532,754 |
5.25%, 06/15/46 (a) | 250,000 | 208,595 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 100,000 | 94,727 |
2.30%, 06/22/27 (a) | 250,000 | 227,205 |
2.70%, 06/22/30 (a) | 500,000 | 424,072 |
3.85%, 06/22/40 (a) | 460,000 | 343,253 |
4.00%, 06/22/50 (a) | 575,000 | 405,621 |
West Virginia United Health System Obligated Group | ||
3.13%, 06/01/50 (a) | 100,000 | 66,765 |
Whirlpool Corp. | ||
3.70%, 05/01/25 | 100,000 | 97,845 |
4.75%, 02/26/29 (a) | 270,000 | 269,154 |
2.40%, 05/15/31 (a) | 100,000 | 83,968 |
4.50%, 06/01/46 (a) | 200,000 | 169,613 |
4.60%, 05/15/50 (a) | 150,000 | 126,853 |
Willis-Knighton Medical Center | ||
4.81%, 09/01/48 (a) | 130,000 | 116,457 |
3.07%, 03/01/51 (a) | 125,000 | 80,773 |
Wyeth LLC | ||
6.50%, 02/01/34 | 200,000 | 226,114 |
6.00%, 02/15/36 | 300,000 | 331,765 |
5.95%, 04/01/37 | 550,000 | 604,479 |
Yale-New Haven Health Services Corp. | ||
2.50%, 07/01/50 (a) | 150,000 | 91,437 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 250,000 | 244,924 |
3.05%, 01/15/26 (a) | 150,000 | 144,925 |
2.60%, 11/24/31 (a) | 350,000 | 299,791 |
4.45%, 08/15/45 (a) | 149,000 | 133,605 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 100,000 | 99,592 |
3.00%, 09/12/27 (a) | 300,000 | 285,061 |
3.90%, 08/20/28 (a) | 320,000 | 313,554 |
2.00%, 05/15/30 (a) | 500,000 | 431,538 |
4.70%, 02/01/43 (a) | 350,000 | 334,958 |
4.45%, 08/20/48 (a) | 150,000 | 137,125 |
3.00%, 05/15/50 (a) | 215,000 | 156,646 |
284,651,277 | ||
Energy 1.7% | ||
Apache Corp. | ||
4.38%, 10/15/28 (a) | 105,000 | 99,742 |
4.25%, 01/15/30 (a) | 125,000 | 117,842 |
6.00%, 01/15/37 | 125,000 | 123,242 |
5.10%, 09/01/40 (a) | 350,000 | 300,095 |
5.25%, 02/01/42 (a) | 100,000 | 84,315 |
4.75%, 04/15/43 (a) | 150,000 | 118,665 |
5.35%, 07/01/49 (a) | 300,000 | 249,622 |
Baker Hughes Holdings LLC | ||
5.13%, 09/15/40 | 300,000 | 303,533 |
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. | ||
2.06%, 12/15/26 (a) | 200,000 | 187,125 |
3.34%, 12/15/27 (a) | 400,000 | 383,054 |
3.14%, 11/07/29 (a) | 150,000 | 139,764 |
4.49%, 05/01/30 (a) | 200,000 | 200,572 |
4.08%, 12/15/47 (a) | 300,000 | 254,674 |
Boardwalk Pipelines LP | ||
5.95%, 06/01/26 (a) | 150,000 | 152,231 |
4.45%, 07/15/27 (a) | 250,000 | 245,440 |
3.40%, 02/15/31 (a) | 350,000 | 314,091 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 200,000 | 197,371 |
3.41%, 02/11/26 (a) | 367,000 | 358,648 |
3.12%, 05/04/26 (a) | 300,000 | 290,471 |
3.02%, 01/16/27 (a) | 325,000 | 311,588 |
3.54%, 04/06/27 (a) | 150,000 | 146,131 |
3.59%, 04/14/27 (a) | 250,000 | 242,753 |
3.94%, 09/21/28 (a) | 325,000 | 318,670 |
4.23%, 11/06/28 (a) | 550,000 | 547,288 |
3.63%, 04/06/30 (a) | 200,000 | 191,783 |
1.75%, 08/10/30 (a) | 200,000 | 169,534 |
2.72%, 01/12/32 (a) | 600,000 | 523,836 |
4.81%, 02/13/33 (a) | 500,000 | 504,782 |
4.89%, 09/11/33 (a) | 400,000 | 407,353 |
3.06%, 06/17/41 (a) | 400,000 | 310,231 |
3.00%, 02/24/50 (a) | 775,000 | 552,620 |
2.77%, 11/10/50 (a) | 525,000 | 352,226 |
2.94%, 06/04/51 (a) | 650,000 | 451,051 |
3.00%, 03/17/52 (a) | 400,000 | 281,278 |
3.38%, 02/08/61 (a) | 525,000 | 380,570 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 450,000 | 433,280 |
3.72%, 11/28/28 (a) | 250,000 | 242,769 |
Burlington Resources LLC | ||
7.20%, 08/15/31 | 100,000 | 115,831 |
7.40%, 12/01/31 | 25,000 | 29,303 |
Canadian Natural Resources Ltd. | ||
3.90%, 02/01/25 (a) | 100,000 | 98,404 |
2.05%, 07/15/25 (a) | 150,000 | 143,050 |
3.85%, 06/01/27 (a) | 200,000 | 194,297 |
2.95%, 07/15/30 (a) | 225,000 | 198,519 |
7.20%, 01/15/32 | 75,000 | 83,634 |
6.45%, 06/30/33 | 225,000 | 242,094 |
5.85%, 02/01/35 | 100,000 | 102,387 |
6.50%, 02/15/37 | 150,000 | 159,708 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.25%, 03/15/38 | 300,000 | 314,921 |
6.75%, 02/01/39 | 100,000 | 108,725 |
4.95%, 06/01/47 (a) | 250,000 | 227,307 |
Cenovus Energy, Inc. | ||
4.25%, 04/15/27 (a) | 100,000 | 97,925 |
2.65%, 01/15/32 (a) | 100,000 | 83,111 |
5.25%, 06/15/37 (a) | 169,000 | 161,623 |
6.75%, 11/15/39 | 200,000 | 218,942 |
5.40%, 06/15/47 (a) | 175,000 | 165,759 |
3.75%, 02/15/52 (a) | 200,000 | 147,771 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 425,000 | 426,167 |
5.13%, 06/30/27 (a) | 350,000 | 351,769 |
3.70%, 11/15/29 (a) | 325,000 | 307,699 |
2.74%, 12/31/39 (a) | 200,000 | 159,784 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 450,000 | 430,062 |
4.00%, 03/01/31 (a) | 350,000 | 318,617 |
3.25%, 01/31/32 (a) | 385,000 | 328,320 |
5.95%, 06/30/33 (a)(d) | 400,000 | 410,880 |
Cheniere Energy, Inc. | ||
4.63%, 10/15/28 (a) | 300,000 | 292,909 |
Chevron Corp. | ||
1.55%, 05/11/25 (a) | 950,000 | 911,220 |
3.33%, 11/17/25 (a) | 50,000 | 49,053 |
2.95%, 05/16/26 (a) | 425,000 | 411,303 |
2.00%, 05/11/27 (a) | 100,000 | 92,919 |
2.24%, 05/11/30 (a) | 500,000 | 443,404 |
3.08%, 05/11/50 (a) | 310,000 | 234,800 |
Chevron USA, Inc. | ||
0.69%, 08/12/25 (a) | 250,000 | 235,194 |
1.02%, 08/12/27 (a) | 250,000 | 222,844 |
3.85%, 01/15/28 (a) | 150,000 | 148,129 |
3.25%, 10/15/29 (a) | 50,000 | 47,536 |
6.00%, 03/01/41 (a) | 150,000 | 171,928 |
5.25%, 11/15/43 (a) | 100,000 | 105,646 |
2.34%, 08/12/50 (a) | 210,000 | 134,924 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 383,000 | 378,576 |
5.80%, 06/01/45 (a) | 100,000 | 100,050 |
ConocoPhillips Co. | ||
2.40%, 03/07/25 (a) | 200,000 | 194,390 |
6.95%, 04/15/29 | 400,000 | 446,431 |
5.90%, 10/15/32 | 100,000 | 109,931 |
5.05%, 09/15/33 (a) | 300,000 | 309,097 |
6.50%, 02/01/39 | 500,000 | 580,317 |
3.76%, 03/15/42 (a) | 400,000 | 339,412 |
4.30%, 11/15/44 (a) | 200,000 | 179,716 |
4.88%, 10/01/47 (a) | 375,000 | 365,987 |
3.80%, 03/15/52 (a) | 300,000 | 243,245 |
5.30%, 05/15/53 (a) | 250,000 | 257,389 |
5.55%, 03/15/54 (a) | 150,000 | 159,725 |
4.03%, 03/15/62 (a) | 550,000 | 449,315 |
5.70%, 09/15/63 (a) | 150,000 | 162,467 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 300,000 | 290,692 |
4.90%, 06/01/44 (a) | 200,000 | 162,048 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 200,000 | 193,541 |
4.38%, 03/15/29 (a) | 150,000 | 146,002 |
DCP Midstream Operating LP | ||
5.38%, 07/15/25 (a) | 100,000 | 100,160 |
5.63%, 07/15/27 (a) | 200,000 | 205,137 |
5.13%, 05/15/29 (a) | 300,000 | 300,712 |
8.13%, 08/16/30 | 150,000 | 174,051 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 02/15/32 (a) | 200,000 | 173,848 |
5.60%, 04/01/44 (a) | 50,000 | 48,934 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 150,000 | 151,865 |
5.25%, 10/15/27 (a) | 100,000 | 100,867 |
5.88%, 06/15/28 (a)(d) | 150,000 | 151,510 |
4.50%, 01/15/30 (a) | 170,000 | 163,537 |
7.88%, 09/30/31 | 150,000 | 175,245 |
7.95%, 04/15/32 | 100,000 | 116,612 |
5.60%, 07/15/41 (a) | 250,000 | 242,219 |
4.75%, 05/15/42 (a) | 250,000 | 219,331 |
5.00%, 06/15/45 (a) | 250,000 | 221,819 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 250,000 | 242,570 |
3.50%, 12/01/29 (a) | 300,000 | 279,174 |
3.13%, 03/24/31 (a) | 180,000 | 160,299 |
6.25%, 03/15/33 (a) | 300,000 | 321,367 |
4.40%, 03/24/51 (a) | 225,000 | 187,247 |
4.25%, 03/15/52 (a) | 150,000 | 121,276 |
6.25%, 03/15/53 (a) | 200,000 | 214,621 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 150,000 | 135,107 |
4.80%, 11/01/43 (a)(d) | 110,000 | 100,320 |
4.60%, 12/15/44 (a) | 225,000 | 192,772 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 150,000 | 151,744 |
7.50%, 04/15/38 | 100,000 | 117,200 |
5.50%, 09/15/40 (a) | 200,000 | 197,291 |
7.38%, 10/15/45 (a) | 150,000 | 177,257 |
Enbridge, Inc. | ||
2.50%, 02/14/25 | 150,000 | 145,463 |
5.97%, 03/08/26 (a) | 200,000 | 200,218 |
1.60%, 10/04/26 (a) | 150,000 | 137,453 |
5.90%, 11/15/26 (a) | 200,000 | 205,459 |
4.25%, 12/01/26 (a) | 300,000 | 296,530 |
3.70%, 07/15/27 (a) | 225,000 | 217,570 |
6.00%, 11/15/28 (a) | 200,000 | 210,276 |
3.13%, 11/15/29 (a) | 500,000 | 457,969 |
6.20%, 11/15/30 (a) | 200,000 | 214,135 |
5.70%, 03/08/33 (a) | 700,000 | 729,515 |
2.50%, 08/01/33 (a) | 425,000 | 348,248 |
4.50%, 06/10/44 (a) | 670,000 | 577,474 |
5.50%, 12/01/46 (a) | 150,000 | 148,376 |
4.00%, 11/15/49 (a) | 150,000 | 119,932 |
Energy Transfer LP | ||
4.05%, 03/15/25 (a) | 200,000 | 196,937 |
2.90%, 05/15/25 (a) | 300,000 | 291,108 |
5.95%, 12/01/25 (a) | 125,000 | 126,516 |
4.75%, 01/15/26 (a) | 200,000 | 198,767 |
6.05%, 12/01/26 (a) | 350,000 | 359,892 |
4.40%, 03/15/27 (a) | 200,000 | 195,826 |
4.20%, 04/15/27 (a) | 250,000 | 243,219 |
5.50%, 06/01/27 (a) | 425,000 | 430,912 |
4.00%, 10/01/27 (a) | 200,000 | 193,054 |
5.55%, 02/15/28 (a) | 250,000 | 255,767 |
4.95%, 05/15/28 (a) | 250,000 | 249,270 |
4.95%, 06/15/28 (a) | 350,000 | 349,414 |
5.25%, 04/15/29 (a) | 500,000 | 504,147 |
4.15%, 09/15/29 (a) | 200,000 | 190,858 |
3.75%, 05/15/30 (a) | 250,000 | 232,203 |
6.40%, 12/01/30 (a) | 400,000 | 428,151 |
5.75%, 02/15/33 (a) | 425,000 | 439,776 |
6.55%, 12/01/33 (a) | 400,000 | 434,578 |
4.90%, 03/15/35 (a) | 275,000 | 262,440 |
6.63%, 10/15/36 | 225,000 | 242,894 |
7.50%, 07/01/38 | 150,000 | 174,129 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.05%, 06/01/41 (a) | 200,000 | 202,040 |
6.50%, 02/01/42 (a) | 350,000 | 370,837 |
6.10%, 02/15/42 | 100,000 | 100,852 |
4.95%, 01/15/43 (a) | 100,000 | 87,730 |
5.15%, 02/01/43 (a) | 150,000 | 134,009 |
5.95%, 10/01/43 (a) | 148,000 | 147,088 |
5.30%, 04/01/44 (a) | 150,000 | 138,587 |
5.00%, 05/15/44 (a) | 75,000 | 66,151 |
5.15%, 03/15/45 (a) | 300,000 | 275,725 |
5.35%, 05/15/45 (a) | 100,000 | 93,152 |
6.13%, 12/15/45 (a) | 300,000 | 304,050 |
5.30%, 04/15/47 (a) | 250,000 | 230,587 |
5.40%, 10/01/47 (a) | 400,000 | 373,924 |
6.00%, 06/15/48 (a) | 300,000 | 303,457 |
6.25%, 04/15/49 (a) | 500,000 | 518,954 |
5.00%, 05/15/50 (a) | 550,000 | 492,247 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 100,000 | 107,684 |
Enterprise Products Operating LLC | ||
3.75%, 02/15/25 (a) | 400,000 | 394,876 |
5.05%, 01/10/26 | 200,000 | 202,036 |
3.70%, 02/15/26 (a) | 150,000 | 147,951 |
3.95%, 02/15/27 (a) | 25,000 | 24,631 |
4.15%, 10/16/28 (a) | 300,000 | 296,777 |
3.13%, 07/31/29 (a) | 450,000 | 421,377 |
2.80%, 01/31/30 (a) | 400,000 | 362,581 |
6.88%, 03/01/33 | 150,000 | 172,819 |
6.65%, 10/15/34 | 100,000 | 114,862 |
7.55%, 04/15/38 | 150,000 | 184,259 |
6.13%, 10/15/39 | 225,000 | 246,445 |
6.45%, 09/01/40 | 170,000 | 192,948 |
5.95%, 02/01/41 | 200,000 | 215,757 |
5.70%, 02/15/42 | 175,000 | 184,776 |
4.85%, 08/15/42 (a) | 200,000 | 192,142 |
4.45%, 02/15/43 (a) | 300,000 | 274,966 |
4.85%, 03/15/44 (a) | 400,000 | 385,573 |
5.10%, 02/15/45 (a) | 350,000 | 345,585 |
4.90%, 05/15/46 (a) | 250,000 | 239,173 |
4.25%, 02/15/48 (a) | 350,000 | 308,666 |
4.80%, 02/01/49 (a) | 400,000 | 380,165 |
4.20%, 01/31/50 (a) | 400,000 | 348,102 |
3.70%, 01/31/51 (a) | 325,000 | 259,779 |
3.20%, 02/15/52 (a) | 350,000 | 256,367 |
3.30%, 02/15/53 (a) | 100,000 | 74,428 |
4.95%, 10/15/54 (a) | 125,000 | 121,126 |
3.95%, 01/31/60 (a) | 325,000 | 265,287 |
5.25%, 08/16/77 (a)(b) | 300,000 | 288,445 |
5.38%, 02/15/78 (a)(b) | 210,000 | 188,629 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 150,000 | 147,156 |
4.15%, 01/15/26 (a) | 250,000 | 247,853 |
4.38%, 04/15/30 (a) | 250,000 | 249,659 |
3.90%, 04/01/35 (a) | 165,000 | 152,015 |
4.95%, 04/15/50 (a) | 100,000 | 98,918 |
EQT Corp. | ||
6.63%, 02/01/25 (a)(g) | 150,000 | 150,622 |
3.90%, 10/01/27 (a) | 350,000 | 335,389 |
5.70%, 04/01/28 (a) | 150,000 | 152,717 |
5.00%, 01/15/29 (a) | 100,000 | 99,438 |
7.50%, 02/01/30 (a)(g) | 200,000 | 215,110 |
Exxon Mobil Corp. | ||
2.71%, 03/06/25 (a) | 500,000 | 488,682 |
2.99%, 03/19/25 (a) | 800,000 | 783,978 |
3.04%, 03/01/26 (a) | 750,000 | 728,774 |
2.28%, 08/16/26 (a) | 300,000 | 285,631 |
3.29%, 03/19/27 (a) | 300,000 | 291,406 |
2.44%, 08/16/29 (a) | 250,000 | 227,711 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.48%, 03/19/30 (a) | 550,000 | 523,528 |
2.61%, 10/15/30 (a) | 600,000 | 536,115 |
3.00%, 08/16/39 (a) | 150,000 | 120,702 |
4.23%, 03/19/40 (a) | 550,000 | 511,412 |
3.57%, 03/06/45 (a) | 300,000 | 247,426 |
4.11%, 03/01/46 (a) | 750,000 | 668,903 |
3.10%, 08/16/49 (a) | 475,000 | 353,589 |
4.33%, 03/19/50 (a) | 675,000 | 616,857 |
3.45%, 04/15/51 (a) | 750,000 | 590,136 |
Halliburton Co. | ||
2.92%, 03/01/30 (a) | 300,000 | 270,305 |
4.85%, 11/15/35 (a) | 375,000 | 369,598 |
6.70%, 09/15/38 | 350,000 | 410,324 |
7.45%, 09/15/39 | 300,000 | 375,968 |
4.75%, 08/01/43 (a) | 200,000 | 188,357 |
5.00%, 11/15/45 (a) | 650,000 | 631,402 |
Helmerich & Payne, Inc. | ||
2.90%, 09/29/31 (a) | 200,000 | 168,383 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 200,000 | 198,102 |
7.88%, 10/01/29 | 175,000 | 201,379 |
7.30%, 08/15/31 | 163,000 | 188,694 |
7.13%, 03/15/33 | 160,000 | 185,690 |
6.00%, 01/15/40 | 225,000 | 245,258 |
5.60%, 02/15/41 | 375,000 | 394,575 |
5.80%, 04/01/47 (a) | 150,000 | 162,135 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a) | 200,000 | 202,261 |
4.50%, 10/01/30 (a) | 125,000 | 117,233 |
Kinder Morgan Energy Partners LP | ||
7.40%, 03/15/31 | 100,000 | 112,183 |
7.75%, 03/15/32 | 100,000 | 113,974 |
7.30%, 08/15/33 | 125,000 | 142,277 |
5.80%, 03/15/35 | 150,000 | 153,367 |
6.50%, 02/01/37 | 250,000 | 264,357 |
6.95%, 01/15/38 | 350,000 | 385,464 |
6.50%, 09/01/39 | 200,000 | 210,969 |
6.55%, 09/15/40 | 150,000 | 159,418 |
7.50%, 11/15/40 | 150,000 | 170,250 |
6.38%, 03/01/41 | 285,000 | 293,596 |
5.63%, 09/01/41 | 100,000 | 96,062 |
5.00%, 08/15/42 (a) | 100,000 | 90,293 |
4.70%, 11/01/42 (a) | 100,000 | 85,936 |
5.00%, 03/01/43 (a) | 350,000 | 314,417 |
5.50%, 03/01/44 (a) | 290,000 | 276,319 |
5.40%, 09/01/44 (a) | 100,000 | 94,129 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 650,000 | 642,521 |
4.30%, 03/01/28 (a) | 390,000 | 385,442 |
2.00%, 02/15/31 (a) | 375,000 | 312,007 |
7.80%, 08/01/31 | 250,000 | 286,742 |
7.75%, 01/15/32 | 250,000 | 286,461 |
4.80%, 02/01/33 (a) | 250,000 | 241,349 |
5.20%, 06/01/33 (a) | 100,000 | 99,555 |
5.30%, 12/01/34 (a) | 150,000 | 149,570 |
5.55%, 06/01/45 (a) | 525,000 | 507,433 |
5.05%, 02/15/46 (a) | 150,000 | 134,633 |
5.20%, 03/01/48 (a) | 246,000 | 226,562 |
3.25%, 08/01/50 (a) | 275,000 | 184,760 |
5.45%, 08/01/52 (a) | 225,000 | 216,206 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 250,000 | 227,279 |
5.15%, 10/15/43 (a) | 200,000 | 188,066 |
4.25%, 09/15/46 (a) | 150,000 | 121,499 |
4.20%, 10/03/47 (a) | 150,000 | 119,915 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 02/01/49 (a) | 174,000 | 154,876 |
3.95%, 03/01/50 (a) | 250,000 | 192,176 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 300,000 | 293,095 |
6.80%, 03/15/32 | 88,000 | 95,565 |
6.60%, 10/01/37 | 250,000 | 265,323 |
5.20%, 06/01/45 (a) | 150,000 | 133,753 |
Marathon Petroleum Corp. | ||
4.70%, 05/01/25 (a) | 300,000 | 298,074 |
5.13%, 12/15/26 (a) | 200,000 | 202,466 |
3.80%, 04/01/28 (a) | 100,000 | 95,727 |
6.50%, 03/01/41 (a) | 425,000 | 458,328 |
4.75%, 09/15/44 (a) | 275,000 | 247,094 |
4.50%, 04/01/48 (a) | 100,000 | 84,305 |
5.00%, 09/15/54 (a) | 125,000 | 110,553 |
MPLX LP | ||
4.00%, 02/15/25 (a) | 150,000 | 147,840 |
4.88%, 06/01/25 (a) | 350,000 | 347,972 |
1.75%, 03/01/26 (a) | 450,000 | 421,302 |
4.13%, 03/01/27 (a) | 400,000 | 392,031 |
4.25%, 12/01/27 (a) | 246,000 | 240,622 |
4.00%, 03/15/28 (a) | 275,000 | 265,731 |
4.80%, 02/15/29 (a) | 250,000 | 248,703 |
2.65%, 08/15/30 (a) | 450,000 | 388,903 |
4.95%, 09/01/32 (a) | 275,000 | 269,788 |
5.00%, 03/01/33 (a) | 300,000 | 294,406 |
4.50%, 04/15/38 (a) | 500,000 | 445,438 |
5.20%, 03/01/47 (a) | 300,000 | 279,170 |
5.20%, 12/01/47 (a) | 100,000 | 92,073 |
4.70%, 04/15/48 (a) | 675,000 | 584,671 |
5.50%, 02/15/49 (a) | 425,000 | 412,229 |
4.95%, 03/14/52 (a) | 400,000 | 357,495 |
4.90%, 04/15/58 (a) | 200,000 | 170,920 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 150,000 | 149,403 |
5.50%, 01/15/26 (a) | 150,000 | 150,242 |
3.95%, 09/15/27 (a) | 200,000 | 190,688 |
4.75%, 09/01/28 (a) | 100,000 | 97,338 |
2.95%, 03/01/31 (a) | 70,000 | 58,875 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 250,000 | 247,433 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 150,000 | 138,983 |
3.95%, 12/01/42 (a) | 300,000 | 232,669 |
Occidental Petroleum Corp. | ||
5.88%, 09/01/25 (a) | 200,000 | 201,470 |
5.55%, 03/15/26 (a) | 200,000 | 201,703 |
8.50%, 07/15/27 (a) | 250,000 | 272,928 |
8.88%, 07/15/30 (a) | 350,000 | 409,920 |
6.63%, 09/01/30 (a) | 500,000 | 532,355 |
6.13%, 01/01/31 (a) | 400,000 | 416,159 |
7.50%, 05/01/31 | 250,000 | 280,626 |
7.88%, 09/15/31 | 150,000 | 170,809 |
6.45%, 09/15/36 | 300,000 | 318,315 |
7.95%, 06/15/39 | 195,000 | 227,682 |
6.20%, 03/15/40 | 200,000 | 206,268 |
6.60%, 03/15/46 (a) | 200,000 | 216,164 |
4.40%, 04/15/46 (a) | 150,000 | 122,863 |
4.20%, 03/15/48 (a) | 150,000 | 117,968 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 175,000 | 174,201 |
6.65%, 10/01/36 | 210,000 | 229,474 |
6.85%, 10/15/37 | 175,000 | 193,454 |
6.13%, 02/01/41 (a) | 200,000 | 209,420 |
6.20%, 09/15/43 (a) | 150,000 | 158,809 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ONEOK, Inc. | ||
2.20%, 09/15/25 (a) | 150,000 | 142,829 |
5.85%, 01/15/26 (a) | 200,000 | 203,239 |
5.55%, 11/01/26 (a) | 250,000 | 254,576 |
4.00%, 07/13/27 (a) | 150,000 | 145,807 |
4.55%, 07/15/28 (a) | 225,000 | 222,252 |
4.35%, 03/15/29 (a) | 200,000 | 194,591 |
3.40%, 09/01/29 (a) | 250,000 | 230,640 |
3.10%, 03/15/30 (a) | 250,000 | 225,038 |
6.35%, 01/15/31 (a) | 200,000 | 213,973 |
6.10%, 11/15/32 (a) | 500,000 | 532,136 |
6.00%, 06/15/35 | 100,000 | 103,310 |
4.95%, 07/13/47 (a) | 225,000 | 202,529 |
5.20%, 07/15/48 (a) | 300,000 | 282,068 |
4.45%, 09/01/49 (a) | 200,000 | 168,412 |
4.50%, 03/15/50 (a) | 75,000 | 63,029 |
7.15%, 01/15/51 (a) | 150,000 | 173,169 |
6.63%, 09/01/53 (a) | 500,000 | 561,881 |
Ovintiv, Inc. | ||
5.38%, 01/01/26 (a) | 150,000 | 150,184 |
5.65%, 05/15/28 (a) | 200,000 | 204,301 |
7.20%, 11/01/31 | 200,000 | 218,059 |
7.38%, 11/01/31 | 200,000 | 220,893 |
6.25%, 07/15/33 (a) | 200,000 | 207,104 |
6.50%, 08/15/34 | 250,000 | 266,738 |
6.63%, 08/15/37 | 100,000 | 103,954 |
6.50%, 02/01/38 | 200,000 | 207,045 |
Patterson-UTI Energy, Inc. | ||
5.15%, 11/15/29 (a) | 250,000 | 239,576 |
7.15%, 10/01/33 (a) | 50,000 | 53,028 |
Phillips 66 | ||
3.85%, 04/09/25 (a) | 200,000 | 196,895 |
1.30%, 02/15/26 (a) | 200,000 | 185,781 |
3.90%, 03/15/28 (a) | 200,000 | 194,868 |
2.15%, 12/15/30 (a) | 250,000 | 211,136 |
4.65%, 11/15/34 (a) | 150,000 | 146,254 |
5.88%, 05/01/42 | 400,000 | 433,545 |
4.88%, 11/15/44 (a) | 425,000 | 408,487 |
3.30%, 03/15/52 (a) | 300,000 | 215,454 |
Phillips 66 Co. | ||
3.61%, 02/15/25 (a) | 200,000 | 196,596 |
4.95%, 12/01/27 (a) | 200,000 | 202,073 |
3.75%, 03/01/28 (a) | 275,000 | 264,977 |
3.15%, 12/15/29 (a) | 325,000 | 300,074 |
4.68%, 02/15/45 (a) | 185,000 | 169,048 |
4.90%, 10/01/46 (a) | 175,000 | 164,263 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 250,000 | 232,416 |
5.10%, 03/29/26 | 300,000 | 302,237 |
1.90%, 08/15/30 (a) | 300,000 | 255,475 |
2.15%, 01/15/31 (a) | 250,000 | 213,279 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 350,000 | 346,351 |
4.50%, 12/15/26 (a) | 210,000 | 207,655 |
3.55%, 12/15/29 (a) | 150,000 | 138,158 |
3.80%, 09/15/30 (a) | 200,000 | 184,411 |
6.65%, 01/15/37 | 250,000 | 269,092 |
5.15%, 06/01/42 (a) | 150,000 | 136,188 |
4.30%, 01/31/43 (a) | 200,000 | 160,516 |
4.70%, 06/15/44 (a) | 100,000 | 83,973 |
4.90%, 02/15/45 (a) | 200,000 | 173,303 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 550,000 | 551,130 |
5.88%, 06/30/26 (a) | 500,000 | 509,078 |
5.00%, 03/15/27 (a) | 420,000 | 422,102 |
4.20%, 03/15/28 (a) | 450,000 | 441,191 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 05/15/30 (a) | 525,000 | 514,322 |
5.90%, 09/15/37 (a) | 150,000 | 158,781 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 200,000 | 189,557 |
Schlumberger Investment SA | ||
4.50%, 05/15/28 (a) | 200,000 | 202,343 |
2.65%, 06/26/30 (a) | 225,000 | 202,341 |
Shell International Finance BV | ||
3.25%, 05/11/25 | 800,000 | 785,200 |
2.88%, 05/10/26 | 500,000 | 481,822 |
2.50%, 09/12/26 | 300,000 | 285,771 |
3.88%, 11/13/28 (a) | 500,000 | 492,846 |
2.38%, 11/07/29 (a) | 400,000 | 360,300 |
2.75%, 04/06/30 (a) | 500,000 | 457,696 |
4.13%, 05/11/35 | 450,000 | 430,255 |
6.38%, 12/15/38 | 700,000 | 806,813 |
5.50%, 03/25/40 | 25,000 | 26,711 |
2.88%, 11/26/41 (a) | 125,000 | 94,817 |
3.63%, 08/21/42 | 250,000 | 211,926 |
4.55%, 08/12/43 | 375,000 | 355,341 |
4.38%, 05/11/45 | 825,000 | 757,741 |
4.00%, 05/10/46 | 725,000 | 629,738 |
3.75%, 09/12/46 | 400,000 | 332,843 |
3.13%, 11/07/49 (a) | 500,000 | 369,115 |
3.25%, 04/06/50 (a) | 650,000 | 489,648 |
3.00%, 11/26/51 (a) | 275,000 | 196,915 |
Spectra Energy Partners LP | ||
3.50%, 03/15/25 (a) | 185,000 | 181,039 |
3.38%, 10/15/26 (a) | 150,000 | 144,538 |
5.95%, 09/25/43 (a) | 200,000 | 205,034 |
4.50%, 03/15/45 (a) | 100,000 | 85,855 |
Suncor Energy, Inc. | ||
5.95%, 12/01/34 | 150,000 | 157,425 |
6.80%, 05/15/38 | 235,000 | 257,698 |
6.50%, 06/15/38 | 500,000 | 535,859 |
6.85%, 06/01/39 | 150,000 | 165,625 |
4.00%, 11/15/47 (a) | 350,000 | 277,790 |
3.75%, 03/04/51 (a) | 200,000 | 150,500 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 225,000 | 226,379 |
6.15%, 03/01/29 (a) | 250,000 | 261,774 |
4.20%, 02/01/33 (a) | 250,000 | 230,566 |
6.13%, 03/15/33 (a) | 250,000 | 264,004 |
6.50%, 03/30/34 (a) | 250,000 | 270,644 |
4.95%, 04/15/52 (a) | 225,000 | 198,002 |
6.25%, 07/01/52 (a) | 150,000 | 155,580 |
6.50%, 02/15/53 (a) | 250,000 | 270,893 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 450,000 | 457,347 |
5.50%, 03/01/30 (a) | 200,000 | 199,985 |
4.88%, 02/01/31 (a) | 450,000 | 437,349 |
4.00%, 01/15/32 (a) | 400,000 | 364,792 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 200,000 | 197,637 |
3.90%, 05/25/27 (a) | 100,000 | 96,105 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 100,000 | 105,628 |
Tosco Corp. | ||
8.13%, 02/15/30 | 200,000 | 235,898 |
TotalEnergies Capital International SA | ||
2.43%, 01/10/25 (a) | 600,000 | 585,564 |
3.46%, 02/19/29 (a) | 356,000 | 343,769 |
2.83%, 01/10/30 (a) | 300,000 | 276,277 |
2.99%, 06/29/41 (a) | 250,000 | 195,206 |
3.46%, 07/12/49 (a) | 300,000 | 237,411 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.13%, 05/29/50 (a) | 700,000 | 515,411 |
3.39%, 06/29/60 (a) | 250,000 | 186,526 |
TotalEnergies Capital SA | ||
3.88%, 10/11/28 | 275,000 | 270,238 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 335,000 | 334,329 |
4.25%, 05/15/28 (a) | 575,000 | 560,617 |
4.10%, 04/15/30 (a) | 150,000 | 142,778 |
2.50%, 10/12/31 (a) | 150,000 | 125,646 |
4.63%, 03/01/34 (a) | 400,000 | 379,070 |
5.85%, 03/15/36 | 150,000 | 155,495 |
6.20%, 10/15/37 | 275,000 | 293,645 |
4.75%, 05/15/38 (a) | 170,000 | 157,745 |
7.25%, 08/15/38 | 200,000 | 233,457 |
7.63%, 01/15/39 | 350,000 | 420,128 |
6.10%, 06/01/40 | 250,000 | 264,546 |
5.00%, 10/16/43 (a) | 210,000 | 197,364 |
4.88%, 05/15/48 (a) | 300,000 | 275,472 |
5.10%, 03/15/49 (a) | 300,000 | 287,812 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 262,227 |
4.00%, 03/15/28 (a) | 150,000 | 145,600 |
3.25%, 05/15/30 (a) | 250,000 | 227,211 |
5.40%, 08/15/41 (a) | 125,000 | 124,492 |
4.45%, 08/01/42 (a) | 125,000 | 110,757 |
4.60%, 03/15/48 (a) | 150,000 | 135,937 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 200,000 | 182,924 |
4.35%, 06/01/28 (a) | 150,000 | 148,051 |
4.00%, 04/01/29 (a) | 150,000 | 144,634 |
2.80%, 12/01/31 (a) | 375,000 | 319,875 |
7.50%, 04/15/32 | 175,000 | 202,396 |
6.63%, 06/15/37 | 400,000 | 439,351 |
4.90%, 03/15/45 | 200,000 | 185,481 |
3.65%, 12/01/51 (a) | 225,000 | 164,430 |
4.00%, 06/01/52 (a) | 185,000 | 143,776 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 150,000 | 147,600 |
Western Midstream Operating LP | ||
3.10%, 02/01/25 (a)(e) | 200,000 | 194,917 |
3.95%, 06/01/25 (a) | 100,000 | 97,777 |
4.65%, 07/01/26 (a) | 250,000 | 245,931 |
4.50%, 03/01/28 (a) | 150,000 | 145,382 |
4.75%, 08/15/28 (a) | 200,000 | 195,746 |
4.05%, 02/01/30 (a) | 400,000 | 375,161 |
5.45%, 04/01/44 (a) | 375,000 | 340,508 |
5.30%, 03/01/48 (a) | 125,000 | 109,575 |
5.50%, 08/15/48 (a) | 135,000 | 120,394 |
5.25%, 02/01/50 (a) | 300,000 | 268,412 |
Williams Cos., Inc. | ||
3.90%, 01/15/25 (a) | 237,000 | 233,403 |
4.00%, 09/15/25 (a) | 200,000 | 196,474 |
3.75%, 06/15/27 (a) | 500,000 | 482,337 |
5.30%, 08/15/28 (a) | 250,000 | 256,196 |
3.50%, 11/15/30 (a) | 350,000 | 320,955 |
7.50%, 01/15/31 | 200,000 | 226,436 |
2.60%, 03/15/31 (a) | 500,000 | 428,343 |
8.75%, 03/15/32 | 150,000 | 182,367 |
4.65%, 08/15/32 (a) | 25,000 | 24,464 |
5.65%, 03/15/33 (a) | 150,000 | 156,911 |
6.30%, 04/15/40 | 275,000 | 294,326 |
5.80%, 11/15/43 (a) | 150,000 | 151,650 |
5.40%, 03/04/44 (a) | 210,000 | 205,473 |
5.75%, 06/24/44 (a) | 200,000 | 202,239 |
4.90%, 01/15/45 (a) | 175,000 | 159,754 |
5.10%, 09/15/45 (a) | 300,000 | 282,999 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 03/01/48 (a) | 250,000 | 228,040 |
3.50%, 10/15/51 (a) | 225,000 | 165,079 |
5.30%, 08/15/52 (a) | 225,000 | 218,550 |
129,924,611 | ||
Industrial Other 0.1% | ||
American University | ||
3.67%, 04/01/49 | 200,000 | 163,480 |
California Institute of Technology | ||
4.32%, 08/01/45 | 100,000 | 93,345 |
4.70%, 11/01/11 | 125,000 | 112,928 |
3.65%, 09/01/19 (a) | 150,000 | 107,670 |
Case Western Reserve University | ||
5.41%, 06/01/22 (a) | 100,000 | 100,447 |
Cintas Corp. No. 2 | ||
3.45%, 05/01/25 (a) | 50,000 | 49,111 |
3.70%, 04/01/27 (a) | 300,000 | 293,714 |
4.00%, 05/01/32 (a) | 200,000 | 193,583 |
Duke University | ||
2.68%, 10/01/44 | 165,000 | 123,601 |
2.76%, 10/01/50 | 100,000 | 70,634 |
2.83%, 10/01/55 | 200,000 | 138,508 |
Emory University | ||
2.14%, 09/01/30 (a) | 235,000 | 203,568 |
2.97%, 09/01/50 (a) | 50,000 | 36,052 |
George Washington University | ||
4.30%, 09/15/44 | 125,000 | 111,004 |
4.87%, 09/15/45 | 100,000 | 98,273 |
4.13%, 09/15/48 (a) | 225,000 | 201,579 |
Georgetown University | ||
4.32%, 04/01/49 (a) | 101,000 | 90,484 |
2.94%, 04/01/50 (a) | 125,000 | 87,902 |
5.22%, 10/01/18 (a) | 150,000 | 144,422 |
Howard University | ||
5.21%, 10/01/52 (a) | 175,000 | 159,700 |
Jacobs Engineering Group, Inc. | ||
6.35%, 08/18/28 (a) | 300,000 | 313,764 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 150,000 | 133,422 |
2.81%, 01/01/60 (a) | 170,000 | 113,281 |
Leland Stanford Junior University | ||
1.29%, 06/01/27 (a) | 100,000 | 90,561 |
3.65%, 05/01/48 (a) | 200,000 | 173,713 |
2.41%, 06/01/50 (a) | 175,000 | 117,770 |
Massachusetts Institute of Technology | ||
3.96%, 07/01/38 | 50,000 | 45,917 |
2.99%, 07/01/50 (a) | 200,000 | 150,491 |
2.29%, 07/01/51 (a) | 175,000 | 111,965 |
3.07%, 04/01/52 (a) | 100,000 | 75,892 |
5.60%, 01/07/11 | 200,000 | 231,333 |
4.68%, 01/07/14 | 150,000 | 146,307 |
3.89%, 07/01/16 | 150,000 | 119,873 |
Northeastern University | ||
2.89%, 10/01/50 | 100,000 | 70,320 |
Northwestern University | ||
4.64%, 12/01/44 | 200,000 | 192,918 |
2.64%, 12/01/50 (a) | 100,000 | 69,421 |
3.66%, 12/01/57 (a) | 110,000 | 89,596 |
President & Fellows of Harvard College | ||
4.88%, 10/15/40 | 50,000 | 51,009 |
3.15%, 07/15/46 (a) | 182,000 | 142,780 |
2.52%, 10/15/50 (a) | 200,000 | 136,082 |
3.75%, 11/15/52 (a) | 150,000 | 130,685 |
3.30%, 07/15/56 (a) | 150,000 | 114,634 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 200,000 | 176,380 |
2.35%, 01/15/32 (a) | 210,000 | 174,152 |
3.05%, 10/01/41 (a) | 200,000 | 147,543 |
Thomas Jefferson University | ||
3.85%, 11/01/57 (a) | 175,000 | 130,695 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 150,000 | 110,304 |
Trustees of Boston University | ||
4.06%, 10/01/48 (a) | 130,000 | 115,367 |
Trustees of Princeton University | ||
5.70%, 03/01/39 | 225,000 | 251,930 |
2.52%, 07/01/50 (a) | 200,000 | 138,444 |
Trustees of the University of Pennsylvania | ||
2.40%, 10/01/50 (a) | 100,000 | 65,131 |
4.67%, 09/01/12 | 100,000 | 93,057 |
3.61%, 02/15/19 (a) | 100,000 | 72,509 |
University of Chicago | ||
2.76%, 04/01/45 (a) | 150,000 | 116,838 |
2.55%, 04/01/50 (a) | 150,000 | 102,415 |
3.00%, 10/01/52 (a) | 100,000 | 73,195 |
4.00%, 10/01/53 (a) | 125,000 | 110,714 |
University of Notre Dame du Lac | ||
3.44%, 02/15/45 | 150,000 | 122,892 |
3.39%, 02/15/48 (a) | 159,000 | 129,171 |
University of Southern California | ||
3.03%, 10/01/39 | 380,000 | 313,908 |
3.84%, 10/01/47 (a) | 290,000 | 249,506 |
2.81%, 10/01/50 (a) | 100,000 | 70,035 |
2.95%, 10/01/51 (a) | 125,000 | 89,072 |
3.23%, 10/01/20 (a) | 75,000 | 48,061 |
Washington University | ||
3.52%, 04/15/54 (a) | 50,000 | 40,294 |
4.35%, 04/15/22 (a) | 150,000 | 128,010 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 150,000 | 126,139 |
3.77%, 05/15/55 | 125,000 | 105,089 |
Yale University | ||
1.48%, 04/15/30 (a) | 150,000 | 125,518 |
2.40%, 04/15/50 (a) | 200,000 | 132,735 |
8,960,843 | ||
Technology 2.3% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 150,000 | 145,501 |
3.25%, 02/01/25 (a) | 230,000 | 226,138 |
2.15%, 02/01/27 (a) | 275,000 | 258,194 |
2.30%, 02/01/30 (a) | 300,000 | 269,201 |
Advanced Micro Devices, Inc. | ||
3.92%, 06/01/32 (a) | 150,000 | 145,303 |
4.39%, 06/01/52 (a) | 150,000 | 142,333 |
Alphabet, Inc. | ||
0.45%, 08/15/25 (a) | 225,000 | 211,309 |
2.00%, 08/15/26 (a) | 500,000 | 472,315 |
0.80%, 08/15/27 (a) | 200,000 | 178,860 |
1.10%, 08/15/30 (a) | 650,000 | 539,410 |
1.90%, 08/15/40 (a) | 500,000 | 347,705 |
2.05%, 08/15/50 (a) | 750,000 | 469,326 |
2.25%, 08/15/60 (a) | 475,000 | 295,250 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 250,000 | 216,137 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 200,000 | 195,859 |
3.50%, 12/05/26 (a) | 225,000 | 220,078 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.45%, 06/15/27 (a) | 275,000 | 267,206 |
1.70%, 10/01/28 (a) | 200,000 | 177,933 |
2.10%, 10/01/31 (a) | 300,000 | 255,854 |
2.80%, 10/01/41 (a) | 250,000 | 187,066 |
2.95%, 10/01/51 (a) | 375,000 | 269,347 |
Apple, Inc. | ||
2.75%, 01/13/25 (a) | 400,000 | 392,196 |
2.50%, 02/09/25 | 450,000 | 439,131 |
1.13%, 05/11/25 (a) | 500,000 | 476,858 |
3.20%, 05/13/25 | 600,000 | 588,360 |
0.55%, 08/20/25 (a) | 400,000 | 376,251 |
0.70%, 02/08/26 (a) | 700,000 | 648,696 |
3.25%, 02/23/26 (a) | 900,000 | 878,729 |
4.42%, 05/08/26 (a) | 300,000 | 300,311 |
2.45%, 08/04/26 (a) | 630,000 | 601,318 |
2.05%, 09/11/26 (a) | 550,000 | 518,862 |
3.35%, 02/09/27 (a) | 600,000 | 584,942 |
3.20%, 05/11/27 (a) | 500,000 | 484,297 |
3.00%, 06/20/27 (a) | 250,000 | 240,518 |
2.90%, 09/12/27 (a) | 600,000 | 574,606 |
3.00%, 11/13/27 (a) | 450,000 | 432,152 |
1.20%, 02/08/28 (a) | 750,000 | 667,874 |
4.00%, 05/10/28 (a) | 500,000 | 499,056 |
1.40%, 08/05/28 (a) | 650,000 | 576,342 |
3.25%, 08/08/29 (a) | 300,000 | 286,921 |
2.20%, 09/11/29 (a) | 715,000 | 647,708 |
1.65%, 05/11/30 (a) | 600,000 | 513,877 |
1.25%, 08/20/30 (a) | 200,000 | 166,224 |
1.65%, 02/08/31 (a) | 800,000 | 674,875 |
1.70%, 08/05/31 (a) | 350,000 | 292,993 |
3.35%, 08/08/32 (a)(c) | 450,000 | 422,357 |
4.30%, 05/10/33 (a) | 300,000 | 304,810 |
4.50%, 02/23/36 (a) | 300,000 | 307,078 |
2.38%, 02/08/41 (a) | 450,000 | 330,718 |
3.85%, 05/04/43 | 1,000,000 | 890,683 |
4.45%, 05/06/44 | 230,000 | 223,916 |
3.45%, 02/09/45 | 600,000 | 500,872 |
4.38%, 05/13/45 | 600,000 | 570,655 |
4.65%, 02/23/46 (a) | 850,000 | 839,985 |
3.85%, 08/04/46 (a) | 588,000 | 512,811 |
4.25%, 02/09/47 (a) | 300,000 | 283,726 |
3.75%, 09/12/47 (a) | 350,000 | 299,875 |
3.75%, 11/13/47 (a) | 419,000 | 358,599 |
2.95%, 09/11/49 (a) | 500,000 | 368,177 |
2.65%, 05/11/50 (a) | 800,000 | 552,323 |
2.40%, 08/20/50 (a) | 450,000 | 295,647 |
2.65%, 02/08/51 (a) | 550,000 | 378,178 |
2.70%, 08/05/51 (a) | 600,000 | 413,632 |
3.95%, 08/08/52 (a) | 510,000 | 447,410 |
4.85%, 05/10/53 (a) | 375,000 | 382,774 |
2.55%, 08/20/60 (a)(c) | 550,000 | 363,534 |
2.80%, 02/08/61 (a) | 550,000 | 375,007 |
2.85%, 08/05/61 (a) | 460,000 | 315,269 |
4.10%, 08/08/62 (a) | 250,000 | 223,263 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 250,000 | 246,761 |
3.30%, 04/01/27 (a) | 400,000 | 387,981 |
1.75%, 06/01/30 (a) | 250,000 | 213,096 |
5.10%, 10/01/35 (a) | 100,000 | 105,249 |
5.85%, 06/15/41 | 250,000 | 277,035 |
4.35%, 04/01/47 (a) | 125,000 | 118,266 |
2.75%, 06/01/50 (a) | 325,000 | 235,183 |
Arrow Electronics, Inc. | ||
4.00%, 04/01/25 (a) | 50,000 | 49,089 |
3.88%, 01/12/28 (a) | 325,000 | 308,891 |
2.95%, 02/15/32 (a) | 50,000 | 42,491 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 200,000 | 198,653 |
3.50%, 06/15/27 (a) | 75,000 | 72,885 |
2.85%, 01/15/30 (a) | 50,000 | 45,155 |
2.40%, 12/15/31 (a) | 375,000 | 321,473 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 250,000 | 245,186 |
1.70%, 05/15/28 (a) | 250,000 | 225,755 |
1.25%, 09/01/30 (a) | 350,000 | 291,466 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 250,000 | 247,059 |
3.00%, 05/15/31 (a) | 125,000 | 106,140 |
5.50%, 06/01/32 (a) | 150,000 | 149,039 |
Baidu, Inc. | ||
3.08%, 04/07/25 (a) | 200,000 | 194,771 |
1.72%, 04/09/26 (a) | 200,000 | 185,816 |
3.63%, 07/06/27 | 200,000 | 192,009 |
4.38%, 03/29/28 (a) | 200,000 | 196,542 |
4.88%, 11/14/28 (a) | 200,000 | 200,240 |
3.43%, 04/07/30 (a) | 200,000 | 182,084 |
2.38%, 10/09/30 (a) | 50,000 | 42,229 |
2.38%, 08/23/31 (a) | 200,000 | 165,442 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.13%, 01/15/25 (a) | 100,000 | 98,224 |
3.88%, 01/15/27 (a) | 750,000 | 732,234 |
3.50%, 01/15/28 (a) | 250,000 | 239,991 |
Broadcom, Inc. | ||
3.15%, 11/15/25 (a) | 250,000 | 242,361 |
3.46%, 09/15/26 (a) | 204,000 | 197,241 |
1.95%, 02/15/28 (a)(d) | 300,000 | 269,625 |
4.11%, 09/15/28 (a) | 300,000 | 293,277 |
4.00%, 04/15/29 (a)(d) | 200,000 | 193,401 |
4.75%, 04/15/29 (a) | 700,000 | 702,311 |
5.00%, 04/15/30 (a) | 200,000 | 203,376 |
4.15%, 11/15/30 (a) | 543,000 | 518,939 |
2.45%, 02/15/31 (a)(d) | 775,000 | 663,574 |
4.15%, 04/15/32 (a)(d) | 350,000 | 330,533 |
4.30%, 11/15/32 (a) | 575,000 | 551,935 |
2.60%, 02/15/33 (a)(d) | 500,000 | 411,941 |
3.42%, 04/15/33 (a)(d) | 610,000 | 536,431 |
3.47%, 04/15/34 (a)(d) | 850,000 | 740,227 |
3.14%, 11/15/35 (a)(d) | 881,000 | 724,034 |
3.19%, 11/15/36 (a)(d) | 707,000 | 574,062 |
4.93%, 05/15/37 (a)(d) | 655,000 | 633,962 |
3.50%, 02/15/41 (a)(d) | 850,000 | 675,526 |
3.75%, 02/15/51 (a)(d) | 500,000 | 393,949 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 150,000 | 144,769 |
2.90%, 12/01/29 (a) | 250,000 | 224,566 |
2.60%, 05/01/31 (a) | 250,000 | 213,874 |
CDW LLC/CDW Finance Corp. | ||
4.13%, 05/01/25 (a) | 175,000 | 171,716 |
2.67%, 12/01/26 (a) | 425,000 | 398,066 |
4.25%, 04/01/28 (a) | 150,000 | 143,942 |
3.28%, 12/01/28 (a) | 150,000 | 137,541 |
3.25%, 02/15/29 (a) | 200,000 | 183,080 |
3.57%, 12/01/31 (a) | 300,000 | 266,679 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 200,000 | 181,490 |
2.30%, 09/14/31 (a) | 150,000 | 122,530 |
Cisco Systems, Inc. | ||
3.50%, 06/15/25 | 50,000 | 49,351 |
2.95%, 02/28/26 | 150,000 | 145,337 |
2.50%, 09/20/26 (a) | 450,000 | 429,393 |
5.90%, 02/15/39 | 525,000 | 583,082 |
5.50%, 01/15/40 | 750,000 | 799,981 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Concentrix Corp. | ||
6.65%, 08/02/26 (a) | 200,000 | 205,201 |
6.60%, 08/02/28 (a) | 200,000 | 206,341 |
6.85%, 08/02/33 (a) | 200,000 | 205,820 |
Corning, Inc. | ||
4.70%, 03/15/37 | 50,000 | 47,822 |
5.75%, 08/15/40 | 150,000 | 154,066 |
4.75%, 03/15/42 | 100,000 | 93,494 |
5.35%, 11/15/48 (a) | 250,000 | 250,760 |
3.90%, 11/15/49 (a) | 100,000 | 81,462 |
4.38%, 11/15/57 (a) | 250,000 | 218,745 |
5.85%, 11/15/68 (a) | 100,000 | 100,563 |
5.45%, 11/15/79 (a) | 300,000 | 290,296 |
Dell International LLC/EMC Corp. | ||
5.85%, 07/15/25 (a) | 200,000 | 202,100 |
6.02%, 06/15/26 (a) | 950,000 | 972,879 |
4.90%, 10/01/26 (a) | 600,000 | 601,261 |
6.10%, 07/15/27 (a) | 200,000 | 208,496 |
5.25%, 02/01/28 (a) | 250,000 | 256,598 |
5.30%, 10/01/29 (a) | 550,000 | 566,942 |
6.20%, 07/15/30 (a) | 200,000 | 214,847 |
5.75%, 02/01/33 (a)(c) | 300,000 | 316,229 |
8.10%, 07/15/36 (a) | 200,000 | 246,070 |
3.38%, 12/15/41 (a) | 250,000 | 189,782 |
8.35%, 07/15/46 (a) | 88,000 | 116,181 |
3.45%, 12/15/51 (a) | 350,000 | 253,999 |
Dell, Inc. | ||
7.10%, 04/15/28 | 50,000 | 53,970 |
6.50%, 04/15/38 | 350,000 | 375,196 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 250,000 | 228,430 |
2.38%, 09/15/28 (a) | 200,000 | 175,127 |
Equifax, Inc. | ||
2.60%, 12/15/25 (a) | 160,000 | 152,749 |
5.10%, 12/15/27 (a) | 250,000 | 252,825 |
5.10%, 06/01/28 (a) | 200,000 | 202,016 |
3.10%, 05/15/30 (a) | 200,000 | 179,554 |
2.35%, 09/15/31 (a) | 350,000 | 291,191 |
Equinix, Inc. | ||
1.00%, 09/15/25 (a) | 250,000 | 233,566 |
1.45%, 05/15/26 (a) | 200,000 | 184,985 |
2.90%, 11/18/26 (a) | 250,000 | 237,877 |
1.80%, 07/15/27 (a) | 150,000 | 136,121 |
1.55%, 03/15/28 (a) | 250,000 | 219,996 |
3.20%, 11/18/29 (a) | 350,000 | 322,274 |
2.15%, 07/15/30 (a) | 300,000 | 255,104 |
2.50%, 05/15/31 (a) | 300,000 | 255,480 |
3.90%, 04/15/32 (a) | 350,000 | 325,625 |
3.00%, 07/15/50 (a) | 175,000 | 119,467 |
2.95%, 09/15/51 (a) | 155,000 | 103,711 |
3.40%, 02/15/52 (a) | 100,000 | 73,352 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 200,000 | 188,404 |
3.45%, 03/01/32 (a) | 160,000 | 144,019 |
Fidelity National Information Services, Inc. | ||
4.50%, 07/15/25 | 250,000 | 247,864 |
1.15%, 03/01/26 (a) | 350,000 | 323,735 |
4.70%, 07/15/27 (a) | 200,000 | 200,229 |
1.65%, 03/01/28 (a) | 250,000 | 223,216 |
3.75%, 05/21/29 (a) | 50,000 | 48,192 |
2.25%, 03/01/31 (a) | 400,000 | 338,286 |
5.10%, 07/15/32 (a) | 225,000 | 230,339 |
3.10%, 03/01/41 (a) | 210,000 | 156,358 |
4.50%, 08/15/46 (a) | 150,000 | 127,595 |
5.63%, 07/15/52 (a) | 100,000 | 102,454 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fiserv, Inc. | ||
3.85%, 06/01/25 (a) | 250,000 | 245,638 |
3.20%, 07/01/26 (a) | 800,000 | 770,356 |
2.25%, 06/01/27 (a) | 200,000 | 185,381 |
5.38%, 08/21/28 (a) | 200,000 | 206,005 |
4.20%, 10/01/28 (a) | 500,000 | 489,645 |
3.50%, 07/01/29 (a) | 750,000 | 706,875 |
2.65%, 06/01/30 (a) | 200,000 | 176,346 |
5.60%, 03/02/33 (a) | 250,000 | 261,666 |
5.63%, 08/21/33 (a) | 375,000 | 392,976 |
4.40%, 07/01/49 (a) | 625,000 | 552,427 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 150,000 | 148,177 |
3.75%, 02/01/26 (a) | 200,000 | 193,863 |
4.88%, 06/15/29 (a) | 250,000 | 246,201 |
4.88%, 05/12/30 (a) | 200,000 | 196,802 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 200,000 | 183,425 |
Genpact Luxembourg SARL/Genpact USA, Inc. | ||
1.75%, 04/10/26 (a) | 110,000 | 102,346 |
Global Payments, Inc. | ||
2.65%, 02/15/25 (a) | 280,000 | 271,399 |
1.20%, 03/01/26 (a) | 400,000 | 367,763 |
2.15%, 01/15/27 (a) | 350,000 | 322,447 |
4.45%, 06/01/28 (a) | 150,000 | 146,168 |
3.20%, 08/15/29 (a) | 400,000 | 362,736 |
5.30%, 08/15/29 (a) | 150,000 | 151,183 |
2.90%, 05/15/30 (a) | 275,000 | 241,896 |
2.90%, 11/15/31 (a) | 200,000 | 171,210 |
5.40%, 08/15/32 (a) | 225,000 | 227,468 |
4.15%, 08/15/49 (a) | 210,000 | 167,024 |
5.95%, 08/15/52 (a) | 200,000 | 204,662 |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25 (a) | 750,000 | 747,795 |
1.75%, 04/01/26 (a) | 350,000 | 326,176 |
6.10%, 04/01/26 (a) | 150,000 | 150,226 |
6.20%, 10/15/35 (a) | 225,000 | 247,400 |
6.35%, 10/15/45 (a) | 425,000 | 459,427 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 350,000 | 335,536 |
1.45%, 06/17/26 (a) | 200,000 | 184,318 |
3.00%, 06/17/27 (a) | 300,000 | 283,776 |
4.00%, 04/15/29 (a) | 300,000 | 291,594 |
3.40%, 06/17/30 (a) | 200,000 | 183,069 |
2.65%, 06/17/31 (a) | 250,000 | 213,205 |
4.20%, 04/15/32 (a) | 250,000 | 237,362 |
5.50%, 01/15/33 (a)(c) | 350,000 | 359,293 |
6.00%, 09/15/41 | 350,000 | 370,070 |
Intel Corp. | ||
3.40%, 03/25/25 (a) | 455,000 | 447,499 |
3.70%, 07/29/25 (a) | 725,000 | 713,828 |
4.88%, 02/10/26 | 500,000 | 503,854 |
2.60%, 05/19/26 (a) | 350,000 | 335,203 |
3.75%, 03/25/27 (a) | 250,000 | 245,111 |
3.15%, 05/11/27 (a) | 300,000 | 288,659 |
3.75%, 08/05/27 (a) | 200,000 | 196,117 |
4.88%, 02/10/28 (a) | 500,000 | 508,458 |
1.60%, 08/12/28 (a) | 300,000 | 265,433 |
4.00%, 08/05/29 (a) | 250,000 | 246,361 |
2.45%, 11/15/29 (a) | 600,000 | 540,645 |
5.13%, 02/10/30 (a) | 50,000 | 51,929 |
3.90%, 03/25/30 (a) | 450,000 | 436,316 |
2.00%, 08/12/31 (a) | 400,000 | 338,280 |
4.15%, 08/05/32 (a)(c) | 375,000 | 367,113 |
4.00%, 12/15/32 | 100,000 | 96,775 |
5.20%, 02/10/33 (a) | 725,000 | 757,901 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.60%, 03/25/40 (a) | 250,000 | 243,605 |
2.80%, 08/12/41 (a) | 300,000 | 225,490 |
4.80%, 10/01/41 | 275,000 | 268,887 |
4.25%, 12/15/42 | 200,000 | 180,534 |
5.63%, 02/10/43 (a) | 50,000 | 53,633 |
4.90%, 07/29/45 (a) | 200,000 | 202,748 |
4.10%, 05/19/46 (a) | 250,000 | 220,211 |
4.10%, 05/11/47 (a) | 275,000 | 240,070 |
3.73%, 12/08/47 (a) | 550,000 | 448,759 |
3.25%, 11/15/49 (a) | 600,000 | 446,778 |
4.75%, 03/25/50 (a) | 750,000 | 711,095 |
3.05%, 08/12/51 (a) | 350,000 | 247,764 |
4.90%, 08/05/52 (a) | 475,000 | 466,093 |
5.70%, 02/10/53 (a) | 500,000 | 541,470 |
3.10%, 02/15/60 (a) | 300,000 | 207,471 |
4.95%, 03/25/60 (a) | 300,000 | 297,444 |
3.20%, 08/12/61 (a) | 250,000 | 173,199 |
5.05%, 08/05/62 (a) | 260,000 | 257,351 |
5.90%, 02/10/63 (a) | 400,000 | 446,451 |
International Business Machines Corp. | ||
4.00%, 07/27/25 | 400,000 | 395,873 |
7.00%, 10/30/25 | 150,000 | 156,375 |
4.50%, 02/06/26 | 300,000 | 299,170 |
3.45%, 02/19/26 | 500,000 | 487,452 |
3.30%, 05/15/26 | 950,000 | 923,021 |
3.30%, 01/27/27 | 250,000 | 241,101 |
2.20%, 02/09/27 (a) | 200,000 | 186,378 |
1.70%, 05/15/27 (a) | 160,000 | 146,220 |
4.15%, 07/27/27 (a) | 300,000 | 296,821 |
3.50%, 05/15/29 | 1,000,000 | 954,592 |
1.95%, 05/15/30 (a) | 400,000 | 344,176 |
2.72%, 02/09/32 (a) | 150,000 | 132,192 |
4.40%, 07/27/32 (a) | 300,000 | 295,318 |
5.88%, 11/29/32 | 200,000 | 219,036 |
4.15%, 05/15/39 | 650,000 | 591,450 |
2.85%, 05/15/40 (a) | 300,000 | 224,507 |
4.00%, 06/20/42 | 375,000 | 327,423 |
4.70%, 02/19/46 | 280,000 | 265,726 |
4.25%, 05/15/49 | 950,000 | 835,405 |
2.95%, 05/15/50 (a) | 260,000 | 179,615 |
3.43%, 02/09/52 (a) | 300,000 | 224,236 |
4.90%, 07/27/52 (a) | 100,000 | 96,359 |
7.13%, 12/01/96 | 125,000 | 159,709 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 150,000 | 141,445 |
5.25%, 09/15/26 (a) | 200,000 | 204,038 |
1.35%, 07/15/27 (a) | 200,000 | 180,660 |
1.65%, 07/15/30 (a) | 150,000 | 126,258 |
5.20%, 09/15/33 (a) | 350,000 | 366,902 |
5.50%, 09/15/53 (a) | 360,000 | 394,922 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 420,000 | 400,958 |
3.60%, 01/15/30 (a) | 150,000 | 135,808 |
3.00%, 01/15/31 (a) | 300,000 | 260,172 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 150,000 | 139,098 |
3.75%, 08/15/29 (a) | 200,000 | 190,184 |
2.00%, 12/10/30 (a) | 150,000 | 121,642 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 250,000 | 249,499 |
3.00%, 10/30/29 (a) | 200,000 | 181,952 |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 224,000 | 223,163 |
4.65%, 07/15/32 (a) | 300,000 | 306,843 |
5.00%, 03/15/49 (a) | 125,000 | 124,456 |
3.30%, 03/01/50 (a) | 250,000 | 191,462 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 07/15/52 (a) | 250,000 | 252,904 |
5.25%, 07/15/62 (a) | 250,000 | 260,107 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 200,000 | 182,388 |
2.70%, 10/15/28 (a) | 150,000 | 132,495 |
3.15%, 10/15/31 (a) | 200,000 | 168,174 |
4.10%, 10/15/41 (a) | 100,000 | 75,735 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 150,000 | 148,175 |
3.75%, 03/15/26 (a) | 150,000 | 147,435 |
4.00%, 03/15/29 (a) | 300,000 | 296,336 |
1.90%, 06/15/30 (a) | 250,000 | 215,216 |
4.88%, 03/15/49 (a) | 220,000 | 219,839 |
2.88%, 06/15/50 (a) | 225,000 | 160,814 |
3.13%, 06/15/60 (a) | 125,000 | 86,887 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 250,000 | 243,986 |
4.38%, 05/15/30 (a) | 300,000 | 287,295 |
2.30%, 02/15/31 (a) | 250,000 | 209,270 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 150,000 | 139,727 |
2.45%, 04/15/28 (a) | 275,000 | 249,051 |
4.88%, 06/22/28 (a) | 189,000 | 188,356 |
2.95%, 04/15/31 (a) | 150,000 | 131,258 |
5.95%, 09/15/33 (a) | 130,000 | 138,113 |
Mastercard, Inc. | ||
2.00%, 03/03/25 (a) | 300,000 | 290,916 |
2.95%, 11/21/26 (a) | 300,000 | 289,454 |
3.30%, 03/26/27 (a) | 300,000 | 291,083 |
4.88%, 03/09/28 (a) | 200,000 | 206,497 |
2.95%, 06/01/29 (a) | 350,000 | 329,563 |
3.35%, 03/26/30 (a) | 400,000 | 381,547 |
2.00%, 11/18/31 (a) | 250,000 | 211,316 |
4.85%, 03/09/33 (a) | 150,000 | 155,181 |
3.80%, 11/21/46 (a) | 125,000 | 109,767 |
3.95%, 02/26/48 (a) | 100,000 | 89,757 |
3.65%, 06/01/49 (a) | 300,000 | 253,856 |
3.85%, 03/26/50 (a) | 450,000 | 394,478 |
2.95%, 03/15/51 (a) | 250,000 | 185,776 |
Microchip Technology, Inc. | ||
4.25%, 09/01/25 (a) | 400,000 | 393,937 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 50,000 | 50,085 |
4.19%, 02/15/27 (a) | 250,000 | 245,367 |
5.38%, 04/15/28 (a) | 150,000 | 152,915 |
5.33%, 02/06/29 (a) | 200,000 | 204,114 |
6.75%, 11/01/29 (a) | 200,000 | 216,302 |
4.66%, 02/15/30 (a) | 250,000 | 245,131 |
2.70%, 04/15/32 (a) | 350,000 | 294,185 |
5.88%, 02/09/33 (a) | 200,000 | 208,856 |
5.88%, 09/15/33 (a) | 250,000 | 260,223 |
3.37%, 11/01/41 (a) | 200,000 | 150,339 |
3.48%, 11/01/51 (a) | 150,000 | 109,499 |
Microsoft Corp. | ||
2.70%, 02/12/25 (a) | 550,000 | 538,429 |
3.13%, 11/03/25 (a) | 900,000 | 879,445 |
2.40%, 08/08/26 (a) | 1,150,000 | 1,098,231 |
3.40%, 09/15/26 (a)(d) | 250,000 | 243,926 |
3.30%, 02/06/27 (a) | 1,300,000 | 1,267,601 |
3.40%, 06/15/27 (a)(d) | 215,000 | 209,103 |
1.35%, 09/15/30 (a)(d) | 175,000 | 145,758 |
3.50%, 02/12/35 (a) | 525,000 | 498,191 |
4.20%, 11/03/35 (a) | 150,000 | 150,647 |
3.45%, 08/08/36 (a) | 450,000 | 414,031 |
4.10%, 02/06/37 (a) | 275,000 | 270,475 |
3.50%, 11/15/42 | 65,000 | 56,934 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 02/12/45 (a) | 100,000 | 89,733 |
4.45%, 11/03/45 (a) | 200,000 | 197,311 |
3.70%, 08/08/46 (a) | 450,000 | 394,868 |
4.25%, 02/06/47 (a) | 410,000 | 396,745 |
4.50%, 06/15/47 (a)(d) | 78,000 | 76,733 |
2.53%, 06/01/50 (a) | 1,825,000 | 1,249,016 |
2.50%, 09/15/50 (a)(d) | 465,000 | 314,940 |
2.92%, 03/17/52 (a) | 1,769,000 | 1,304,457 |
4.00%, 02/12/55 (a) | 400,000 | 360,466 |
3.95%, 08/08/56 (a) | 250,000 | 222,702 |
4.50%, 02/06/57 (a) | 250,000 | 246,194 |
2.68%, 06/01/60 (a) | 960,000 | 646,422 |
3.04%, 03/17/62 (a) | 491,000 | 355,266 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 215,000 | 211,732 |
3.25%, 01/15/28 (a) | 100,000 | 95,537 |
4.25%, 02/01/29 (a) | 100,000 | 99,147 |
2.00%, 08/19/31 (a) | 200,000 | 166,359 |
2.75%, 08/19/41 (a) | 175,000 | 127,822 |
5.25%, 07/15/44 | 175,000 | 178,618 |
4.88%, 12/17/48 (a) | 150,000 | 141,921 |
3.25%, 05/20/50 (a) | 100,000 | 74,015 |
3.75%, 02/25/52 (a) | 160,000 | 131,406 |
3.10%, 11/29/61 (a) | 175,000 | 118,836 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 200,000 | 199,122 |
4.60%, 05/23/29 (a) | 200,000 | 198,899 |
2.30%, 11/15/30 (a) | 275,000 | 232,435 |
2.75%, 05/24/31 (a) | 305,000 | 260,680 |
5.60%, 06/01/32 (a) | 175,000 | 180,895 |
5.50%, 09/01/44 | 100,000 | 99,576 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 200,000 | 190,392 |
2.38%, 06/22/27 (a) | 175,000 | 162,669 |
2.70%, 06/22/30 (a) | 250,000 | 221,265 |
Nokia OYJ | ||
4.38%, 06/12/27 | 160,000 | 155,473 |
6.63%, 05/15/39 | 165,000 | 163,988 |
NVIDIA Corp. | ||
3.20%, 09/16/26 (a) | 450,000 | 438,166 |
1.55%, 06/15/28 (a) | 225,000 | 201,682 |
2.85%, 04/01/30 (a) | 400,000 | 370,223 |
2.00%, 06/15/31 (a) | 200,000 | 171,526 |
3.50%, 04/01/40 (a) | 350,000 | 304,112 |
3.50%, 04/01/50 (a) | 550,000 | 459,927 |
3.70%, 04/01/60 (a) | 175,000 | 147,085 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a) | 50,000 | 50,263 |
5.55%, 12/01/28 (a) | 305,000 | 314,063 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 150,000 | 144,612 |
3.88%, 06/18/26 (a) | 250,000 | 243,845 |
3.15%, 05/01/27 (a) | 200,000 | 190,021 |
4.30%, 06/18/29 (a) | 375,000 | 364,852 |
3.40%, 05/01/30 (a) | 325,000 | 298,735 |
2.50%, 05/11/31 (a) | 400,000 | 340,605 |
2.65%, 02/15/32 (a) | 300,000 | 252,967 |
3.25%, 05/11/41 (a) | 250,000 | 191,456 |
3.13%, 02/15/42 (a) | 190,000 | 142,098 |
3.25%, 11/30/51 (a) | 200,000 | 143,382 |
Oracle Corp. | ||
2.50%, 04/01/25 (a) | 1,000,000 | 968,652 |
2.95%, 05/15/25 (a) | 850,000 | 825,829 |
5.80%, 11/10/25 | 300,000 | 305,038 |
1.65%, 03/25/26 (a) | 775,000 | 723,289 |
2.65%, 07/15/26 (a) | 756,000 | 717,285 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.80%, 04/01/27 (a) | 650,000 | 613,362 |
3.25%, 11/15/27 (a) | 775,000 | 736,485 |
2.30%, 03/25/28 (a) | 490,000 | 446,571 |
4.50%, 05/06/28 (a) | 200,000 | 200,131 |
6.15%, 11/09/29 (a) | 350,000 | 376,325 |
2.95%, 04/01/30 (a) | 950,000 | 857,920 |
3.25%, 05/15/30 (a) | 150,000 | 137,781 |
2.88%, 03/25/31 (a) | 925,000 | 819,863 |
6.25%, 11/09/32 (a) | 650,000 | 707,815 |
4.90%, 02/06/33 (a) | 300,000 | 298,698 |
4.30%, 07/08/34 (a) | 525,000 | 490,495 |
3.90%, 05/15/35 (a) | 350,000 | 312,041 |
3.85%, 07/15/36 (a) | 355,000 | 310,001 |
3.80%, 11/15/37 (a) | 775,000 | 659,899 |
6.50%, 04/15/38 | 400,000 | 443,120 |
6.13%, 07/08/39 | 350,000 | 373,479 |
3.60%, 04/01/40 (a) | 900,000 | 720,074 |
5.38%, 07/15/40 | 600,000 | 591,000 |
3.65%, 03/25/41 (a) | 600,000 | 477,802 |
4.50%, 07/08/44 (a) | 300,000 | 262,087 |
4.13%, 05/15/45 (a) | 550,000 | 450,788 |
4.00%, 07/15/46 (a) | 800,000 | 642,060 |
4.00%, 11/15/47 (a) | 740,000 | 588,134 |
3.60%, 04/01/50 (a) | 1,270,000 | 941,739 |
3.95%, 03/25/51 (a) | 940,000 | 738,941 |
6.90%, 11/09/52 (a) | 700,000 | 820,643 |
5.55%, 02/06/53 (a) | 645,000 | 646,214 |
4.38%, 05/15/55 (a) | 375,000 | 311,698 |
3.85%, 04/01/60 (a) | 1,000,000 | 727,923 |
4.10%, 03/25/61 (a) | 400,000 | 305,858 |
PayPal Holdings, Inc. | ||
1.65%, 06/01/25 (a) | 185,000 | 176,652 |
2.65%, 10/01/26 (a) | 400,000 | 380,206 |
3.90%, 06/01/27 (a) | 150,000 | 147,903 |
2.85%, 10/01/29 (a) | 425,000 | 389,575 |
2.30%, 06/01/30 (a) | 300,000 | 262,724 |
4.40%, 06/01/32 (a) | 300,000 | 298,393 |
3.25%, 06/01/50 (a) | 280,000 | 210,165 |
5.05%, 06/01/52 (a) | 250,000 | 252,771 |
5.25%, 06/01/62 (a) | 150,000 | 149,634 |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 225,000 | 214,666 |
QUALCOMM, Inc. | ||
3.45%, 05/20/25 (a) | 450,000 | 442,340 |
3.25%, 05/20/27 (a) | 550,000 | 532,972 |
1.30%, 05/20/28 (a) | 234,000 | 207,420 |
2.15%, 05/20/30 (a) | 450,000 | 397,502 |
1.65%, 05/20/32 (a) | 350,000 | 285,497 |
4.25%, 05/20/32 (a) | 150,000 | 149,207 |
5.40%, 05/20/33 (a) | 50,000 | 54,043 |
4.65%, 05/20/35 (a) | 300,000 | 307,554 |
4.80%, 05/20/45 (a) | 450,000 | 447,346 |
4.30%, 05/20/47 (a) | 425,000 | 390,268 |
3.25%, 05/20/50 (a) | 175,000 | 136,803 |
4.50%, 05/20/52 (a) | 300,000 | 280,713 |
6.00%, 05/20/53 (a) | 350,000 | 404,455 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 250,000 | 245,871 |
3.00%, 05/22/30 (a) | 300,000 | 275,926 |
4.75%, 05/20/32 (a) | 150,000 | 151,840 |
Roper Technologies, Inc. | ||
1.00%, 09/15/25 (a) | 250,000 | 233,849 |
3.85%, 12/15/25 (a) | 100,000 | 98,261 |
3.80%, 12/15/26 (a) | 200,000 | 195,811 |
1.40%, 09/15/27 (a) | 200,000 | 179,055 |
4.20%, 09/15/28 (a) | 250,000 | 245,972 |
2.95%, 09/15/29 (a) | 200,000 | 183,579 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 06/30/30 (a) | 250,000 | 212,718 |
1.75%, 02/15/31 (a) | 350,000 | 288,479 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 150,000 | 143,327 |
2.45%, 03/01/27 (a) | 400,000 | 377,347 |
4.75%, 08/01/28 (a) | 150,000 | 152,500 |
2.70%, 03/01/29 (a) | 350,000 | 324,267 |
4.25%, 05/01/29 (a) | 200,000 | 199,501 |
2.50%, 12/01/29 (a) | 150,000 | 135,393 |
1.25%, 08/15/30 (a) | 100,000 | 81,986 |
2.90%, 03/01/32 (a) | 400,000 | 357,721 |
5.25%, 09/15/33 (a)(d) | 200,000 | 209,403 |
3.25%, 12/01/49 (a) | 200,000 | 150,760 |
3.70%, 03/01/52 (a) | 275,000 | 228,803 |
2.30%, 08/15/60 (a) | 225,000 | 135,679 |
3.90%, 03/01/62 (a) | 150,000 | 126,035 |
Salesforce, Inc. | ||
3.70%, 04/11/28 (a) | 425,000 | 416,802 |
1.50%, 07/15/28 (a) | 300,000 | 267,153 |
1.95%, 07/15/31 (a) | 425,000 | 363,183 |
2.70%, 07/15/41 (a) | 350,000 | 267,830 |
2.90%, 07/15/51 (a) | 550,000 | 394,137 |
3.05%, 07/15/61 (a) | 350,000 | 246,366 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 450,000 | 370,537 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 200,000 | 186,556 |
3.00%, 06/01/31 (a) | 175,000 | 150,737 |
TD SYNNEX Corp. | ||
1.75%, 08/09/26 (a) | 150,000 | 136,364 |
2.38%, 08/09/28 (a) | 100,000 | 87,994 |
2.65%, 08/09/31 (a) | 250,000 | 203,024 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 200,000 | 172,216 |
Tencent Music Entertainment Group | ||
2.00%, 09/03/30 (a) | 250,000 | 203,027 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 300,000 | 288,757 |
1.13%, 09/15/26 (a)(c) | 200,000 | 183,944 |
2.90%, 11/03/27 (a) | 325,000 | 310,479 |
2.25%, 09/04/29 (a) | 350,000 | 316,531 |
1.75%, 05/04/30 (a) | 500,000 | 432,604 |
1.90%, 09/15/31 (a) | 150,000 | 128,116 |
3.88%, 03/15/39 (a) | 50,000 | 46,280 |
4.15%, 05/15/48 (a) | 550,000 | 500,561 |
2.70%, 09/15/51 (a) | 250,000 | 170,943 |
5.00%, 03/14/53 (a) | 200,000 | 205,671 |
5.05%, 05/18/63 (a) | 450,000 | 461,592 |
Thomson Reuters Corp. | ||
5.50%, 08/15/35 | 175,000 | 180,766 |
5.85%, 04/15/40 | 175,000 | 182,270 |
5.65%, 11/23/43 (a) | 100,000 | 99,991 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 175,000 | 176,250 |
6.10%, 03/15/33 (a) | 225,000 | 241,828 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 400,000 | 369,196 |
3.88%, 04/22/27 (a) | 300,000 | 293,973 |
4.13%, 04/22/29 (a) | 200,000 | 196,694 |
2.50%, 10/25/31 (a) | 350,000 | 300,181 |
4.25%, 04/22/32 (a) | 300,000 | 295,024 |
3.13%, 10/25/41 (a) | 200,000 | 162,321 |
3.25%, 10/25/51 (a) | 300,000 | 237,550 |
4.50%, 04/22/52 (a) | 300,000 | 298,108 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tyco Electronics Group SA | ||
3.70%, 02/15/26 (a) | 250,000 | 245,002 |
3.13%, 08/15/27 (a) | 150,000 | 143,407 |
7.13%, 10/01/37 | 100,000 | 118,037 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 150,000 | 150,119 |
4.75%, 07/15/27 (a) | 100,000 | 99,150 |
2.70%, 06/15/31 (a) | 250,000 | 214,587 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 300,000 | 296,111 |
4.13%, 03/15/29 (a) | 175,000 | 171,106 |
5.50%, 06/15/45 (a) | 150,000 | 148,396 |
3.63%, 05/15/50 (a) | 150,000 | 114,095 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 1,000,000 | 975,985 |
1.90%, 04/15/27 (a) | 400,000 | 372,589 |
0.75%, 08/15/27 (a) | 200,000 | 177,119 |
2.75%, 09/15/27 (a) | 150,000 | 142,925 |
2.05%, 04/15/30 (a) | 450,000 | 395,850 |
1.10%, 02/15/31 (a) | 385,000 | 312,565 |
4.15%, 12/14/35 (a) | 500,000 | 490,260 |
2.70%, 04/15/40 (a) | 260,000 | 201,201 |
4.30%, 12/14/45 (a) | 875,000 | 816,260 |
3.65%, 09/15/47 (a) | 440,000 | 371,220 |
2.00%, 08/15/50 (a)(c) | 400,000 | 247,784 |
VMware LLC | ||
4.50%, 05/15/25 (a) | 200,000 | 198,129 |
1.40%, 08/15/26 (a) | 500,000 | 457,478 |
3.90%, 08/21/27 (a) | 500,000 | 485,890 |
4.70%, 05/15/30 (a) | 300,000 | 296,175 |
2.20%, 08/15/31 (a) | 500,000 | 414,609 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 175,000 | 150,570 |
3.10%, 02/01/32 (a) | 175,000 | 139,548 |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 150,000 | 145,787 |
1.35%, 03/15/26 (a) | 200,000 | 184,144 |
2.75%, 03/15/31 (a) | 100,000 | 83,377 |
6.20%, 11/17/36 | 150,000 | 155,914 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 300,000 | 290,386 |
3.70%, 04/01/29 (a) | 200,000 | 192,304 |
3.80%, 04/01/32 (a) | 400,000 | 373,019 |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 225,000 | 199,370 |
175,593,695 | ||
Transportation 0.5% | ||
American Airlines 2012-1 Class AA Pass-Through Trust | ||
2.88%, 01/11/36 | 189,275 | 157,847 |
American Airlines 2015-1 Class A Pass-Through Trust | ||
3.38%, 11/01/28 | 172,579 | 158,184 |
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 03/22/29 | 128,941 | 118,957 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 166,723 | 154,994 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 232,702 | 213,388 |
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 08/15/30 | 34,313 | 31,612 |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 04/15/31 | 126,419 | 114,256 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 08/15/33 | 307,854 | 273,737 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 100,000 | 97,736 |
Burlington Northern Santa Fe LLC | ||
3.00%, 04/01/25 (a) | 240,000 | 234,831 |
7.00%, 12/15/25 | 150,000 | 156,814 |
3.25%, 06/15/27 (a) | 200,000 | 193,129 |
6.20%, 08/15/36 | 100,000 | 112,584 |
6.15%, 05/01/37 | 50,000 | 56,221 |
5.75%, 05/01/40 (a) | 50,000 | 54,634 |
5.05%, 03/01/41 (a) | 200,000 | 200,911 |
5.40%, 06/01/41 (a) | 250,000 | 262,766 |
4.40%, 03/15/42 (a) | 250,000 | 231,807 |
4.38%, 09/01/42 (a) | 350,000 | 323,614 |
4.45%, 03/15/43 (a) | 200,000 | 186,092 |
5.15%, 09/01/43 (a) | 200,000 | 205,955 |
4.90%, 04/01/44 (a) | 150,000 | 148,552 |
4.55%, 09/01/44 (a) | 425,000 | 397,738 |
4.70%, 09/01/45 (a) | 200,000 | 192,417 |
3.90%, 08/01/46 (a) | 100,000 | 85,147 |
4.13%, 06/15/47 (a) | 225,000 | 197,938 |
4.05%, 06/15/48 (a) | 400,000 | 348,386 |
4.15%, 12/15/48 (a) | 500,000 | 442,419 |
3.05%, 02/15/51 (a) | 225,000 | 163,358 |
3.30%, 09/15/51 (a) | 450,000 | 343,588 |
2.88%, 06/15/52 (a) | 150,000 | 105,231 |
4.45%, 01/15/53 (a) | 250,000 | 236,021 |
5.20%, 04/15/54 (a) | 450,000 | 469,926 |
Canadian National Railway Co. | ||
6.90%, 07/15/28 | 150,000 | 165,200 |
3.85%, 08/05/32 (a) | 250,000 | 238,206 |
6.38%, 11/15/37 | 150,000 | 170,270 |
3.20%, 08/02/46 (a) | 250,000 | 193,795 |
3.65%, 02/03/48 (a) | 200,000 | 166,754 |
4.45%, 01/20/49 (a) | 200,000 | 186,355 |
2.45%, 05/01/50 (a) | 200,000 | 131,665 |
4.40%, 08/05/52 (a) | 250,000 | 235,028 |
Canadian Pacific Railway Co. | ||
2.90%, 02/01/25 (a) | 171,000 | 166,726 |
1.75%, 12/02/26 (a) | 200,000 | 184,642 |
4.00%, 06/01/28 (a) | 200,000 | 195,833 |
2.88%, 11/15/29 (a) | 150,000 | 135,417 |
2.05%, 03/05/30 (a) | 200,000 | 171,560 |
7.13%, 10/15/31 | 125,000 | 142,131 |
2.45%, 12/02/31 (a) | 450,000 | 417,620 |
4.80%, 09/15/35 (a) | 145,000 | 142,180 |
5.95%, 05/15/37 | 155,000 | 165,794 |
3.00%, 12/02/41 (a) | 300,000 | 268,364 |
4.30%, 05/15/43 (a) | 125,000 | 109,715 |
4.80%, 08/01/45 (a) | 150,000 | 141,616 |
4.95%, 08/15/45 (a) | 100,000 | 95,321 |
4.70%, 05/01/48 (a) | 350,000 | 319,254 |
3.50%, 05/01/50 (a) | 150,000 | 115,447 |
3.10%, 12/02/51 (a) | 500,000 | 362,320 |
4.20%, 11/15/69 (a) | 75,000 | 62,465 |
6.13%, 09/15/15 (a) | 239,000 | 267,506 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 200,000 | 193,795 |
CSX Corp. | ||
3.35%, 11/01/25 (a) | 150,000 | 146,334 |
2.60%, 11/01/26 (a) | 250,000 | 238,203 |
3.25%, 06/01/27 (a) | 378,000 | 364,847 |
3.80%, 03/01/28 (a) | 300,000 | 294,846 |
2.40%, 02/15/30 (a) | 275,000 | 243,872 |
4.10%, 11/15/32 (a) | 85,000 | 82,704 |
6.00%, 10/01/36 | 200,000 | 220,083 |
6.15%, 05/01/37 | 250,000 | 279,568 |
6.22%, 04/30/40 | 275,000 | 309,938 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.50%, 04/15/41 (a) | 150,000 | 156,907 |
4.75%, 05/30/42 (a) | 50,000 | 47,886 |
4.40%, 03/01/43 (a) | 150,000 | 137,213 |
4.10%, 03/15/44 (a) | 250,000 | 219,099 |
3.80%, 11/01/46 (a) | 250,000 | 208,015 |
4.30%, 03/01/48 (a) | 50,000 | 44,624 |
4.75%, 11/15/48 (a) | 220,000 | 209,827 |
4.50%, 03/15/49 (a) | 150,000 | 137,227 |
3.35%, 09/15/49 (a) | 450,000 | 340,986 |
3.80%, 04/15/50 (a) | 150,000 | 123,128 |
3.95%, 05/01/50 (a) | 150,000 | 126,537 |
2.50%, 05/15/51 (a) | 150,000 | 97,326 |
4.50%, 11/15/52 (a) | 100,000 | 93,056 |
4.50%, 08/01/54 (a) | 150,000 | 138,902 |
4.25%, 11/01/66 (a) | 250,000 | 214,066 |
4.65%, 03/01/68 (a) | 125,000 | 115,235 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 138,376 | 123,056 |
FedEx Corp. 2020-1 Class AA Pass-Through Trust | ||
1.88%, 08/20/35 | 209,896 | 175,582 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 250,000 | 241,934 |
3.40%, 02/15/28 (a) | 150,000 | 144,023 |
4.20%, 10/17/28 (a) | 150,000 | 147,679 |
3.10%, 08/05/29 (a) | 350,000 | 324,361 |
4.25%, 05/15/30 (a) | 300,000 | 293,965 |
2.40%, 05/15/31 (a) | 50,000 | 43,041 |
4.90%, 01/15/34 | 112,000 | 113,740 |
3.90%, 02/01/35 | 150,000 | 137,481 |
3.25%, 05/15/41 (a) | 250,000 | 193,707 |
3.88%, 08/01/42 | 200,000 | 166,897 |
5.10%, 01/15/44 | 225,000 | 218,014 |
4.10%, 02/01/45 | 227,000 | 191,972 |
4.75%, 11/15/45 (a) | 265,000 | 244,675 |
4.55%, 04/01/46 (a) | 400,000 | 359,711 |
4.40%, 01/15/47 (a) | 275,000 | 240,391 |
4.05%, 02/15/48 (a) | 300,000 | 250,633 |
4.95%, 10/17/48 (a) | 250,000 | 237,754 |
5.25%, 05/15/50 (a)(c) | 275,000 | 274,697 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 210,000 | 190,126 |
2.65%, 07/15/31 (a) | 150,000 | 123,405 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 225,000 | 220,381 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 11/15/33 | 122,566 | 103,603 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
4.00%, 05/15/34 (c) | 200,922 | 183,737 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 250,000 | 241,738 |
Norfolk Southern Corp. | ||
2.90%, 06/15/26 (a) | 300,000 | 288,060 |
7.80%, 05/15/27 | 50,000 | 54,977 |
3.15%, 06/01/27 (a) | 100,000 | 95,722 |
2.55%, 11/01/29 (a) | 200,000 | 179,953 |
5.05%, 08/01/30 (a) | 250,000 | 256,513 |
2.30%, 05/15/31 (a) | 200,000 | 172,837 |
3.00%, 03/15/32 (a) | 235,000 | 209,359 |
4.45%, 03/01/33 (a) | 100,000 | 98,825 |
4.84%, 10/01/41 | 200,000 | 193,725 |
3.95%, 10/01/42 (a) | 100,000 | 85,608 |
4.45%, 06/15/45 (a) | 250,000 | 224,718 |
4.65%, 01/15/46 (a) | 150,000 | 138,579 |
3.94%, 11/01/47 (a) | 250,000 | 209,077 |
4.15%, 02/28/48 (a) | 275,000 | 237,713 |
4.10%, 05/15/49 (a) | 250,000 | 213,672 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 11/01/49 (a) | 250,000 | 189,674 |
3.05%, 05/15/50 (a) | 350,000 | 249,823 |
2.90%, 08/25/51 (a) | 75,000 | 51,415 |
4.05%, 08/15/52 (a) | 250,000 | 211,442 |
3.70%, 03/15/53 (a) | 100,000 | 79,476 |
4.55%, 06/01/53 (a) | 270,000 | 247,256 |
3.16%, 05/15/55 (a) | 360,000 | 254,602 |
Ryder System, Inc. | ||
3.35%, 09/01/25 (a) | 185,000 | 179,603 |
1.75%, 09/01/26 (a) | 150,000 | 138,343 |
2.90%, 12/01/26 (a) | 200,000 | 188,920 |
2.85%, 03/01/27 (a) | 150,000 | 141,062 |
4.30%, 06/15/27 (a) | 50,000 | 48,959 |
5.25%, 06/01/28 (a) | 200,000 | 202,873 |
6.30%, 12/01/28 (a) | 100,000 | 106,083 |
6.60%, 12/01/33 (a) | 200,000 | 222,291 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 375,000 | 375,284 |
3.00%, 11/15/26 (a) | 200,000 | 190,074 |
5.13%, 06/15/27 (a) | 475,000 | 477,459 |
3.45%, 11/16/27 (a) | 100,000 | 94,811 |
2.63%, 02/10/30 (a) | 150,000 | 131,308 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 200,000 | 161,615 |
Union Pacific Corp. | ||
3.25%, 08/15/25 (a) | 200,000 | 195,666 |
2.75%, 03/01/26 (a) | 200,000 | 192,875 |
2.15%, 02/05/27 (a) | 175,000 | 163,699 |
3.00%, 04/15/27 (a) | 75,000 | 71,784 |
3.95%, 09/10/28 (a) | 300,000 | 298,149 |
6.63%, 02/01/29 | 200,000 | 221,616 |
3.70%, 03/01/29 (a) | 300,000 | 293,575 |
2.40%, 02/05/30 (a) | 475,000 | 424,640 |
2.38%, 05/20/31 (a) | 300,000 | 260,998 |
2.80%, 02/14/32 (a) | 400,000 | 355,225 |
3.38%, 02/01/35 (a) | 150,000 | 132,616 |
2.89%, 04/06/36 (a) | 250,000 | 210,893 |
3.60%, 09/15/37 (a) | 200,000 | 178,581 |
3.55%, 08/15/39 (a) | 150,000 | 129,030 |
3.20%, 05/20/41 (a) | 350,000 | 281,111 |
3.38%, 02/14/42 (a) | 100,000 | 81,957 |
4.05%, 11/15/45 (a) | 120,000 | 102,675 |
4.05%, 03/01/46 (a) | 275,000 | 235,799 |
4.00%, 04/15/47 (a) | 200,000 | 169,669 |
4.50%, 09/10/48 (a) | 125,000 | 114,696 |
4.30%, 03/01/49 (a) | 250,000 | 222,529 |
3.25%, 02/05/50 (a) | 550,000 | 421,686 |
3.80%, 10/01/51 (a) | 290,000 | 243,499 |
3.50%, 02/14/53 (a) | 545,000 | 432,447 |
3.88%, 02/01/55 (a) | 150,000 | 123,230 |
3.95%, 08/15/59 (a) | 250,000 | 205,605 |
3.84%, 03/20/60 (a) | 550,000 | 449,690 |
3.55%, 05/20/61 (a) | 200,000 | 151,364 |
2.97%, 09/16/62 (a) | 350,000 | 236,630 |
4.10%, 09/15/67 (a) | 225,000 | 187,848 |
3.75%, 02/05/70 (a) | 250,000 | 195,142 |
3.80%, 04/06/71 (a) | 300,000 | 237,717 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 | 221,301 | 213,744 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 | 77,583 | 73,740 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 184,260 | 173,861 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 307,532 | 281,130 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 04/07/30 | 206,355 | 184,990 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 189,887 | 172,486 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 130,852 | 120,922 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 208,368 | 175,733 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 | 48,524 | 49,089 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 218,880 | 212,750 |
United Airlines 2023-1 Class A Pass-Through Trust | ||
5.80%, 07/15/37 | 375,000 | 380,920 |
United Parcel Service, Inc. | ||
3.90%, 04/01/25 (a) | 250,000 | 247,274 |
3.05%, 11/15/27 (a) | 250,000 | 239,706 |
3.40%, 03/15/29 (a) | 125,000 | 121,118 |
2.50%, 09/01/29 (a) | 150,000 | 136,539 |
4.45%, 04/01/30 (a) | 325,000 | 328,410 |
4.88%, 03/03/33 (a) | 250,000 | 259,707 |
6.20%, 01/15/38 | 400,000 | 458,804 |
5.20%, 04/01/40 (a) | 150,000 | 156,449 |
4.88%, 11/15/40 (a) | 150,000 | 150,775 |
3.63%, 10/01/42 | 100,000 | 85,362 |
3.40%, 11/15/46 (a) | 150,000 | 120,751 |
3.75%, 11/15/47 (a) | 360,000 | 305,697 |
4.25%, 03/15/49 (a) | 210,000 | 191,542 |
3.40%, 09/01/49 (a) | 200,000 | 161,577 |
5.30%, 04/01/50 (a) | 350,000 | 372,745 |
5.05%, 03/03/53 (a) | 300,000 | 311,645 |
41,104,319 | ||
1,087,596,972 | ||
Utility 2.2% | ||
Electric 1.9% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 95,000 | 91,695 |
2.10%, 07/01/30 (a) | 300,000 | 252,171 |
3.80%, 10/01/47 (a) | 185,000 | 140,516 |
4.15%, 05/01/49 (a) | 100,000 | 81,318 |
3.45%, 01/15/50 (a) | 200,000 | 145,645 |
3.45%, 05/15/51 (a) | 200,000 | 144,492 |
5.25%, 05/15/52 (a) | 175,000 | 170,206 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 250,000 | 199,945 |
4.25%, 09/15/48 (a) | 285,000 | 246,931 |
3.80%, 06/15/49 (a) | 100,000 | 79,821 |
3.15%, 09/15/49 (a) | 75,000 | 53,957 |
3.65%, 04/01/50 (a) | 200,000 | 158,426 |
5.40%, 03/15/53 (a) | 200,000 | 208,720 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 140,000 | 129,625 |
5.45%, 06/01/28 (a) | 250,000 | 254,328 |
2.45%, 01/15/31 (a) | 275,000 | 231,257 |
Alabama Power Co. | ||
1.45%, 09/15/30 (a) | 190,000 | 154,286 |
3.05%, 03/15/32 (a) | 200,000 | 177,740 |
3.94%, 09/01/32 (a) | 175,000 | 166,857 |
6.00%, 03/01/39 | 150,000 | 161,800 |
3.85%, 12/01/42 | 150,000 | 126,807 |
4.15%, 08/15/44 (a) | 150,000 | 129,785 |
3.75%, 03/01/45 (a) | 175,000 | 142,926 |
4.30%, 01/02/46 (a) | 150,000 | 131,700 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.70%, 12/01/47 (a) | 200,000 | 159,292 |
4.30%, 07/15/48 (a) | 150,000 | 130,835 |
3.45%, 10/01/49 (a) | 200,000 | 152,373 |
3.13%, 07/15/51 (a) | 200,000 | 144,550 |
3.00%, 03/15/52 (a) | 150,000 | 105,128 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 175,000 | 170,148 |
5.70%, 12/01/26 (a) | 200,000 | 204,876 |
5.00%, 01/15/29 (a) | 200,000 | 201,184 |
3.50%, 01/15/31 (a) | 300,000 | 273,899 |
Ameren Illinois Co. | ||
3.85%, 09/01/32 (a) | 200,000 | 186,864 |
4.95%, 06/01/33 (a) | 150,000 | 152,042 |
4.15%, 03/15/46 (a) | 175,000 | 152,296 |
3.70%, 12/01/47 (a) | 175,000 | 143,486 |
4.50%, 03/15/49 (a) | 150,000 | 137,858 |
3.25%, 03/15/50 (a) | 100,000 | 73,939 |
2.90%, 06/15/51 (a) | 50,000 | 34,215 |
5.90%, 12/01/52 (a) | 100,000 | 112,250 |
American Electric Power Co., Inc. | ||
5.75%, 11/01/27 (a) | 250,000 | 258,978 |
3.20%, 11/13/27 (a) | 50,000 | 47,671 |
4.30%, 12/01/28 (a) | 350,000 | 342,450 |
5.20%, 01/15/29 (a) | 200,000 | 202,974 |
2.30%, 03/01/30 (a) | 200,000 | 171,413 |
5.95%, 11/01/32 (a) | 200,000 | 214,387 |
5.63%, 03/01/33 (a) | 200,000 | 208,603 |
3.25%, 03/01/50 (a) | 150,000 | 107,453 |
3.88%, 02/15/62 (a)(b) | 250,000 | 212,117 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 200,000 | 195,731 |
3.30%, 06/01/27 (a) | 250,000 | 238,482 |
2.70%, 04/01/31 (a) | 100,000 | 85,799 |
4.50%, 08/01/32 (a) | 100,000 | 96,443 |
7.00%, 04/01/38 | 210,000 | 243,707 |
4.40%, 05/15/44 (a) | 150,000 | 126,005 |
4.45%, 06/01/45 (a) | 150,000 | 127,678 |
4.50%, 03/01/49 (a) | 160,000 | 136,233 |
3.70%, 05/01/50 (a) | 195,000 | 146,563 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 75,000 | 73,141 |
2.20%, 12/15/31 (a) | 150,000 | 122,453 |
5.55%, 08/01/33 (a) | 200,000 | 207,367 |
5.05%, 09/01/41 (a) | 155,000 | 147,476 |
4.35%, 11/15/45 (a) | 175,000 | 147,988 |
3.75%, 05/15/46 (a) | 100,000 | 76,480 |
4.20%, 08/15/48 (a) | 125,000 | 101,788 |
4.25%, 03/01/49 (a) | 150,000 | 121,797 |
3.50%, 12/01/49 (a) | 50,000 | 35,819 |
3.35%, 05/15/50 (a) | 190,000 | 136,845 |
2.65%, 09/15/50 (a) | 250,000 | 154,985 |
Atlantic City Electric Co. | ||
4.00%, 10/15/28 (a) | 145,000 | 142,021 |
Avangrid, Inc. | ||
3.20%, 04/15/25 (a) | 175,000 | 170,308 |
3.80%, 06/01/29 (a) | 195,000 | 183,840 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 150,000 | 127,186 |
4.00%, 04/01/52 (a) | 150,000 | 119,997 |
Baltimore Gas & Electric Co. | ||
2.25%, 06/15/31 (a) | 150,000 | 128,180 |
6.35%, 10/01/36 | 155,000 | 170,491 |
3.50%, 08/15/46 (a) | 100,000 | 77,260 |
3.75%, 08/15/47 (a) | 150,000 | 120,669 |
4.25%, 09/15/48 (a) | 100,000 | 86,907 |
3.20%, 09/15/49 (a) | 100,000 | 73,154 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.90%, 06/15/50 (a) | 180,000 | 123,823 |
4.55%, 06/01/52 (a) | 175,000 | 160,782 |
5.40%, 06/01/53 (a) | 150,000 | 155,445 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 150,000 | 147,766 |
4.05%, 04/15/25 (a) | 350,000 | 346,197 |
3.25%, 04/15/28 (a) | 200,000 | 190,148 |
3.70%, 07/15/30 (a) | 200,000 | 189,527 |
1.65%, 05/15/31 (a) | 175,000 | 140,662 |
6.13%, 04/01/36 | 500,000 | 542,741 |
5.95%, 05/15/37 | 150,000 | 160,496 |
5.15%, 11/15/43 (a) | 260,000 | 257,751 |
4.50%, 02/01/45 (a) | 250,000 | 232,459 |
3.80%, 07/15/48 (a) | 305,000 | 242,220 |
4.45%, 01/15/49 (a) | 300,000 | 263,901 |
4.25%, 10/15/50 (a) | 200,000 | 170,011 |
2.85%, 05/15/51 (a) | 500,000 | 339,134 |
4.60%, 05/01/53 (a) | 300,000 | 268,098 |
Black Hills Corp. | ||
3.15%, 01/15/27 (a) | 150,000 | 142,570 |
5.95%, 03/15/28 (a) | 25,000 | 25,932 |
3.05%, 10/15/29 (a) | 175,000 | 157,526 |
2.50%, 06/15/30 (a) | 200,000 | 168,714 |
4.35%, 05/01/33 (a) | 150,000 | 139,200 |
4.20%, 09/15/46 (a) | 100,000 | 80,567 |
3.88%, 10/15/49 (a) | 110,000 | 82,696 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 100,000 | 94,408 |
3.00%, 03/01/32 (a) | 250,000 | 221,708 |
4.45%, 10/01/32 (a) | 200,000 | 196,717 |
6.95%, 03/15/33 | 125,000 | 144,989 |
4.95%, 04/01/33 (a) | 350,000 | 357,490 |
3.55%, 08/01/42 (a) | 128,000 | 104,124 |
3.95%, 03/01/48 (a) | 200,000 | 171,281 |
4.25%, 02/01/49 (a) | 250,000 | 221,211 |
2.90%, 07/01/50 (a) | 225,000 | 158,887 |
3.60%, 03/01/52 (a) | 385,000 | 306,830 |
CenterPoint Energy, Inc. | ||
2.95%, 03/01/30 (a) | 300,000 | 266,654 |
3.70%, 09/01/49 (a) | 175,000 | 132,961 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 170,000 | 164,277 |
4.97%, 05/01/46 (a) | 200,000 | 169,494 |
Cleveland Electric Illuminating Co. | ||
5.95%, 12/15/36 | 150,000 | 154,310 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 100,000 | 95,598 |
3.45%, 08/15/27 (a) | 200,000 | 190,655 |
4.88%, 03/01/44 (a) | 100,000 | 95,292 |
4.75%, 06/01/50 (a)(b) | 200,000 | 181,304 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 323,000 | 308,186 |
3.70%, 08/15/28 (a) | 300,000 | 290,539 |
6.45%, 01/15/38 | 300,000 | 333,198 |
3.80%, 10/01/42 (a) | 200,000 | 167,155 |
4.60%, 08/15/43 (a) | 150,000 | 139,544 |
4.70%, 01/15/44 (a) | 150,000 | 140,370 |
3.70%, 03/01/45 (a) | 100,000 | 81,089 |
4.35%, 11/15/45 (a) | 150,000 | 131,929 |
3.65%, 06/15/46 (a) | 250,000 | 198,449 |
3.75%, 08/15/47 (a) | 200,000 | 161,969 |
4.00%, 03/01/48 (a) | 150,000 | 127,574 |
4.00%, 03/01/49 (a) | 150,000 | 126,474 |
3.20%, 11/15/49 (a) | 100,000 | 72,075 |
3.00%, 03/01/50 (a) | 300,000 | 209,511 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.13%, 03/15/51 (a) | 250,000 | 177,599 |
3.85%, 03/15/52 (a) | 100,000 | 81,090 |
Connecticut Light & Power Co. | ||
0.75%, 12/01/25 (a) | 50,000 | 46,360 |
3.20%, 03/15/27 (a) | 200,000 | 192,217 |
2.05%, 07/01/31 (a) | 100,000 | 83,320 |
4.90%, 07/01/33 (a) | 110,000 | 111,758 |
4.30%, 04/15/44 (a) | 150,000 | 133,290 |
4.00%, 04/01/48 (a) | 250,000 | 213,741 |
Consolidated Edison Co. of New York, Inc. | ||
4.00%, 12/01/28 (a) | 200,000 | 195,567 |
3.35%, 04/01/30 (a) | 400,000 | 374,050 |
2.40%, 06/15/31 (a) | 125,000 | 108,231 |
5.50%, 03/15/34 (a) | 250,000 | 263,049 |
5.30%, 03/01/35 | 150,000 | 153,622 |
5.85%, 03/15/36 | 150,000 | 159,144 |
6.30%, 08/15/37 | 200,000 | 219,629 |
6.75%, 04/01/38 | 200,000 | 229,807 |
5.50%, 12/01/39 | 250,000 | 253,030 |
5.70%, 06/15/40 | 150,000 | 155,844 |
4.20%, 03/15/42 | 100,000 | 86,906 |
3.95%, 03/01/43 (a) | 250,000 | 213,445 |
4.45%, 03/15/44 (a) | 275,000 | 247,295 |
4.50%, 12/01/45 (a) | 415,000 | 370,842 |
3.88%, 06/15/47 (a) | 175,000 | 142,457 |
4.13%, 05/15/49 (a) | 200,000 | 168,201 |
3.95%, 04/01/50 (a) | 350,000 | 293,212 |
6.15%, 11/15/52 (a) | 250,000 | 284,596 |
4.63%, 12/01/54 (a) | 275,000 | 248,560 |
4.30%, 12/01/56 (a) | 100,000 | 84,341 |
4.00%, 11/15/57 (a) | 150,000 | 125,098 |
4.50%, 05/15/58 (a) | 190,000 | 165,476 |
3.70%, 11/15/59 (a) | 250,000 | 189,235 |
3.00%, 12/01/60 (a) | 200,000 | 130,902 |
3.60%, 06/15/61 (a) | 200,000 | 151,187 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 250,000 | 243,006 |
5.60%, 03/01/28 (a) | 200,000 | 206,112 |
5.80%, 03/01/33 (a) | 200,000 | 210,949 |
6.13%, 01/15/34 (a) | 150,000 | 160,952 |
6.25%, 10/01/39 | 250,000 | 268,405 |
5.75%, 10/01/41 (a) | 100,000 | 100,438 |
5.60%, 06/15/42 (a) | 225,000 | 225,400 |
6.50%, 10/01/53 (a) | 150,000 | 169,693 |
Consumers Energy Co. | ||
4.90%, 02/15/29 (a) | 200,000 | 204,165 |
3.95%, 05/15/43 (a) | 250,000 | 215,761 |
3.25%, 08/15/46 (a) | 100,000 | 79,500 |
3.95%, 07/15/47 (a) | 145,000 | 123,038 |
4.05%, 05/15/48 (a) | 200,000 | 175,385 |
4.35%, 04/15/49 (a) | 200,000 | 180,521 |
3.75%, 02/15/50 (a) | 150,000 | 124,320 |
3.10%, 08/15/50 (a) | 350,000 | 259,120 |
3.50%, 08/01/51 (a) | 125,000 | 98,349 |
2.50%, 05/01/60 (a) | 275,000 | 168,948 |
Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 240,000 | 185,714 |
Delmarva Power & Light Co. | ||
4.15%, 05/15/45 (a) | 400,000 | 336,524 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 150,000 | 126,105 |
5.30%, 05/15/33 | 100,000 | 103,869 |
6.05%, 01/15/38 | 250,000 | 272,257 |
5.45%, 02/01/41 (a) | 100,000 | 101,789 |
5.10%, 06/01/65 (a) | 100,000 | 95,763 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dominion Energy, Inc. | ||
3.30%, 03/15/25 (a) | 100,000 | 97,722 |
3.90%, 10/01/25 (a) | 200,000 | 196,374 |
1.45%, 04/15/26 (a) | 150,000 | 139,217 |
2.85%, 08/15/26 (a) | 200,000 | 188,835 |
3.60%, 03/15/27 (a) | 200,000 | 192,217 |
4.25%, 06/01/28 (a) | 250,000 | 246,052 |
3.38%, 04/01/30 (a) | 400,000 | 369,047 |
5.38%, 11/15/32 (a) | 250,000 | 256,599 |
6.30%, 03/15/33 | 245,000 | 263,272 |
5.25%, 08/01/33 | 250,000 | 254,227 |
5.95%, 06/15/35 | 150,000 | 158,384 |
7.00%, 06/15/38 | 250,000 | 282,605 |
4.90%, 08/01/41 (a) | 200,000 | 185,324 |
4.05%, 09/15/42 (a) | 200,000 | 163,575 |
4.70%, 12/01/44 (a) | 150,000 | 133,304 |
4.60%, 03/15/49 (a) | 150,000 | 133,074 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 250,000 | 245,818 |
2.25%, 03/01/30 (a) | 250,000 | 219,549 |
2.63%, 03/01/31 (a) | 300,000 | 263,808 |
4.00%, 04/01/43 (a) | 150,000 | 129,581 |
4.30%, 07/01/44 (a) | 150,000 | 134,576 |
3.70%, 03/15/45 (a) | 275,000 | 225,324 |
3.70%, 06/01/46 (a) | 125,000 | 101,542 |
3.75%, 08/15/47 (a) | 150,000 | 121,301 |
4.05%, 05/15/48 (a) | 200,000 | 170,963 |
3.95%, 03/01/49 (a) | 189,000 | 159,323 |
2.95%, 03/01/50 (a) | 50,000 | 35,173 |
3.25%, 04/01/51 (a) | 200,000 | 147,062 |
5.40%, 04/01/53 (a) | 200,000 | 210,507 |
DTE Energy Co. | ||
2.85%, 10/01/26 (a) | 320,000 | 302,782 |
3.40%, 06/15/29 (a) | 250,000 | 233,825 |
2.95%, 03/01/30 (a) | 150,000 | 133,158 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 236,000 | 232,365 |
2.45%, 02/01/30 (a) | 250,000 | 222,860 |
2.55%, 04/15/31 (a) | 475,000 | 413,590 |
6.45%, 10/15/32 | 325,000 | 359,524 |
4.95%, 01/15/33 (a) | 250,000 | 255,062 |
6.10%, 06/01/37 | 150,000 | 161,843 |
6.00%, 01/15/38 | 200,000 | 215,945 |
6.05%, 04/15/38 | 175,000 | 190,472 |
5.30%, 02/15/40 | 250,000 | 253,571 |
4.25%, 12/15/41 (a) | 250,000 | 221,781 |
4.00%, 09/30/42 (a) | 200,000 | 171,268 |
3.75%, 06/01/45 (a) | 200,000 | 160,464 |
3.88%, 03/15/46 (a) | 150,000 | 122,176 |
3.70%, 12/01/47 (a) | 200,000 | 157,765 |
3.95%, 03/15/48 (a) | 350,000 | 290,876 |
3.20%, 08/15/49 (a) | 300,000 | 218,846 |
3.45%, 04/15/51 (a) | 150,000 | 114,161 |
5.35%, 01/15/53 (a) | 200,000 | 205,539 |
Duke Energy Corp. | ||
0.90%, 09/15/25 (a) | 200,000 | 186,682 |
2.65%, 09/01/26 (a) | 500,000 | 474,741 |
3.15%, 08/15/27 (a) | 420,000 | 397,520 |
5.00%, 12/08/27 (a) | 200,000 | 202,576 |
4.30%, 03/15/28 (a) | 200,000 | 197,276 |
3.40%, 06/15/29 (a) | 200,000 | 188,288 |
2.45%, 06/01/30 (a) | 300,000 | 262,415 |
2.55%, 06/15/31 (a) | 500,000 | 427,373 |
4.50%, 08/15/32 (a) | 300,000 | 290,906 |
3.30%, 06/15/41 (a) | 150,000 | 115,301 |
4.80%, 12/15/45 (a) | 100,000 | 92,272 |
3.75%, 09/01/46 (a) | 400,000 | 310,117 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 08/15/47 (a) | 175,000 | 139,115 |
4.20%, 06/15/49 (a) | 200,000 | 164,634 |
3.50%, 06/15/51 (a) | 250,000 | 184,235 |
5.00%, 08/15/52 (a) | 275,000 | 257,226 |
3.25%, 01/15/82 (a)(b) | 145,000 | 113,608 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28 (a) | 330,000 | 320,663 |
2.50%, 12/01/29 (a) | 150,000 | 133,963 |
1.75%, 06/15/30 (a) | 275,000 | 230,047 |
5.88%, 11/15/33 (a) | 200,000 | 216,068 |
6.35%, 09/15/37 | 170,000 | 189,294 |
6.40%, 06/15/38 | 300,000 | 336,472 |
5.65%, 04/01/40 | 155,000 | 161,746 |
3.85%, 11/15/42 (a) | 150,000 | 124,134 |
3.40%, 10/01/46 (a) | 300,000 | 225,897 |
4.20%, 07/15/48 (a) | 200,000 | 173,934 |
3.00%, 12/15/51 (a) | 50,000 | 34,314 |
Duke Energy Indiana LLC | ||
6.12%, 10/15/35 | 100,000 | 107,151 |
6.35%, 08/15/38 | 200,000 | 223,243 |
6.45%, 04/01/39 | 200,000 | 224,616 |
4.90%, 07/15/43 (a) | 75,000 | 72,303 |
3.75%, 05/15/46 (a) | 200,000 | 160,116 |
3.25%, 10/01/49 (a) | 200,000 | 145,844 |
2.75%, 04/01/50 (a) | 85,000 | 55,292 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 150,000 | 144,857 |
2.13%, 06/01/30 (a) | 200,000 | 170,345 |
3.70%, 06/15/46 (a) | 125,000 | 100,383 |
4.30%, 02/01/49 (a) | 550,000 | 469,685 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 250,000 | 244,418 |
2.00%, 08/15/31 (a) | 200,000 | 165,647 |
6.30%, 04/01/38 | 275,000 | 304,917 |
4.10%, 05/15/42 (a) | 225,000 | 195,227 |
4.10%, 03/15/43 (a) | 100,000 | 85,789 |
4.38%, 03/30/44 (a) | 175,000 | 155,843 |
4.15%, 12/01/44 (a) | 220,000 | 188,381 |
4.20%, 08/15/45 (a) | 75,000 | 64,305 |
3.70%, 10/15/46 (a) | 200,000 | 157,023 |
3.60%, 09/15/47 (a) | 250,000 | 194,073 |
2.50%, 08/15/50 (a) | 250,000 | 158,081 |
2.90%, 08/15/51 (a) | 150,000 | 101,697 |
Edison International | ||
5.75%, 06/15/27 (a) | 300,000 | 306,874 |
4.13%, 03/15/28 (a) | 200,000 | 193,555 |
5.25%, 11/15/28 (a) | 200,000 | 201,587 |
6.95%, 11/15/29 (a) | 200,000 | 217,621 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 169,000 | 172,665 |
5.00%, 12/01/44 (a) | 50,000 | 42,177 |
Emera U.S. Finance LP | ||
3.55%, 06/15/26 (a) | 212,000 | 204,374 |
2.64%, 06/15/31 (a) | 100,000 | 82,188 |
4.75%, 06/15/46 (a) | 400,000 | 330,235 |
Enel Americas SA | ||
4.00%, 10/25/26 (a) | 175,000 | 170,733 |
Enel Chile SA | ||
4.88%, 06/12/28 (a) | 335,000 | 330,688 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 160,000 | 155,765 |
5.15%, 01/15/33 (a) | 125,000 | 127,971 |
5.30%, 09/15/33 (a) | 200,000 | 206,193 |
4.20%, 04/01/49 (a) | 175,000 | 150,657 |
2.65%, 06/15/51 (a) | 110,000 | 69,539 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 350,000 | 326,152 |
2.95%, 09/01/26 (a) | 350,000 | 332,953 |
2.80%, 06/15/30 (a) | 250,000 | 220,831 |
2.40%, 06/15/31 (a) | 300,000 | 251,266 |
3.75%, 06/15/50 (a) | 245,000 | 185,382 |
Entergy Louisiana LLC | ||
2.40%, 10/01/26 (a) | 200,000 | 187,564 |
3.12%, 09/01/27 (a) | 200,000 | 189,171 |
3.25%, 04/01/28 (a) | 200,000 | 188,140 |
1.60%, 12/15/30 (a) | 175,000 | 140,517 |
3.05%, 06/01/31 (a) | 200,000 | 177,070 |
4.00%, 03/15/33 (a) | 211,000 | 197,188 |
4.95%, 01/15/45 (a) | 125,000 | 115,992 |
4.20%, 09/01/48 (a) | 325,000 | 272,237 |
4.20%, 04/01/50 (a) | 220,000 | 187,007 |
2.90%, 03/15/51 (a) | 300,000 | 200,991 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49 (a) | 225,000 | 181,015 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 197,000 | 191,781 |
1.75%, 03/15/31 (a) | 250,000 | 204,810 |
3.55%, 09/30/49 (a) | 200,000 | 151,957 |
Evergy Kansas Central, Inc. | ||
3.10%, 04/01/27 (a) | 250,000 | 238,622 |
4.13%, 03/01/42 (a) | 150,000 | 129,556 |
4.10%, 04/01/43 (a) | 250,000 | 211,804 |
4.25%, 12/01/45 (a) | 275,000 | 233,959 |
3.25%, 09/01/49 (a) | 285,000 | 202,316 |
3.45%, 04/15/50 (a) | 100,000 | 73,595 |
Evergy Metro, Inc. | ||
2.25%, 06/01/30 (a) | 190,000 | 162,176 |
5.30%, 10/01/41 (a) | 50,000 | 49,717 |
4.20%, 06/15/47 (a) | 95,000 | 81,679 |
4.20%, 03/15/48 (a) | 75,000 | 63,497 |
4.13%, 04/01/49 (a) | 100,000 | 82,602 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 250,000 | 226,667 |
Eversource Energy | ||
3.15%, 01/15/25 (a) | 85,000 | 83,121 |
0.80%, 08/15/25 (a) | 200,000 | 186,624 |
4.75%, 05/15/26 | 200,000 | 199,163 |
2.90%, 03/01/27 (a) | 200,000 | 189,576 |
3.30%, 01/15/28 (a) | 250,000 | 237,444 |
5.45%, 03/01/28 (a) | 250,000 | 257,219 |
5.95%, 02/01/29 (a) | 200,000 | 209,958 |
4.25%, 04/01/29 (a) | 200,000 | 194,706 |
1.65%, 08/15/30 (a) | 400,000 | 325,985 |
2.55%, 03/15/31 (a) | 300,000 | 254,712 |
3.38%, 03/01/32 (a) | 200,000 | 177,470 |
5.13%, 05/15/33 (a) | 200,000 | 201,254 |
3.45%, 01/15/50 (a) | 200,000 | 145,028 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 150,000 | 147,550 |
3.40%, 04/15/26 (a) | 100,000 | 96,914 |
2.75%, 03/15/27 (a) | 200,000 | 188,513 |
5.15%, 03/15/28 (a) | 300,000 | 304,628 |
4.05%, 04/15/30 (a) | 450,000 | 430,181 |
3.35%, 03/15/32 (a) | 360,000 | 323,068 |
5.30%, 03/15/33 (a) | 250,000 | 255,516 |
4.95%, 06/15/35 (a)(d) | 200,000 | 192,559 |
5.63%, 06/15/35 | 150,000 | 154,877 |
5.10%, 06/15/45 (a) | 200,000 | 189,447 |
4.45%, 04/15/46 (a) | 100,000 | 87,131 |
4.70%, 04/15/50 (a) | 250,000 | 226,264 |
5.60%, 03/15/53 (a) | 200,000 | 203,450 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 500,000 | 488,372 |
3.13%, 12/01/25 (a) | 350,000 | 340,671 |
5.05%, 04/01/28 (a) | 300,000 | 307,126 |
4.40%, 05/15/28 (a) | 40,000 | 40,102 |
2.45%, 02/03/32 (a) | 500,000 | 430,161 |
5.10%, 04/01/33 (a) | 200,000 | 206,742 |
5.63%, 04/01/34 | 200,000 | 215,459 |
4.95%, 06/01/35 | 150,000 | 152,651 |
5.95%, 02/01/38 | 150,000 | 164,628 |
5.96%, 04/01/39 | 250,000 | 277,974 |
5.69%, 03/01/40 | 165,000 | 178,737 |
5.25%, 02/01/41 (a) | 100,000 | 102,213 |
4.13%, 02/01/42 (a) | 415,000 | 374,450 |
4.05%, 06/01/42 (a) | 200,000 | 177,530 |
3.80%, 12/15/42 (a) | 175,000 | 153,980 |
4.05%, 10/01/44 (a) | 100,000 | 87,736 |
3.70%, 12/01/47 (a) | 55,000 | 44,682 |
3.95%, 03/01/48 (a) | 250,000 | 213,642 |
4.13%, 06/01/48 (a) | 250,000 | 219,352 |
3.99%, 03/01/49 (a) | 250,000 | 214,388 |
3.15%, 10/01/49 (a) | 250,000 | 184,674 |
2.88%, 12/04/51 (a) | 400,000 | 277,882 |
5.30%, 04/01/53 (a) | 200,000 | 210,067 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 310,000 | 294,765 |
Georgia Power Co. | ||
3.25%, 04/01/26 (a) | 200,000 | 192,610 |
3.25%, 03/30/27 (a) | 100,000 | 95,679 |
4.65%, 05/16/28 (a) | 200,000 | 201,788 |
2.65%, 09/15/29 (a) | 100,000 | 90,825 |
4.70%, 05/15/32 (a) | 250,000 | 249,506 |
4.95%, 05/17/33 (a) | 250,000 | 252,912 |
4.75%, 09/01/40 | 100,000 | 93,365 |
4.30%, 03/15/42 | 275,000 | 244,235 |
4.30%, 03/15/43 | 150,000 | 130,923 |
3.70%, 01/30/50 (a) | 175,000 | 138,975 |
3.25%, 03/15/51 (a) | 200,000 | 145,414 |
5.13%, 05/15/52 (a) | 250,000 | 248,576 |
Iberdrola International BV | ||
5.81%, 03/15/25 | 150,000 | 150,825 |
6.75%, 07/15/36 | 125,000 | 146,015 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 200,000 | 170,296 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 50,000 | 48,331 |
4.55%, 03/15/46 (a) | 100,000 | 89,773 |
3.75%, 07/01/47 (a) | 100,000 | 76,862 |
4.25%, 08/15/48 (a) | 200,000 | 168,861 |
Interstate Power & Light Co. | ||
4.10%, 09/26/28 (a) | 250,000 | 243,242 |
3.60%, 04/01/29 (a) | 80,000 | 76,154 |
2.30%, 06/01/30 (a) | 300,000 | 257,504 |
3.70%, 09/15/46 (a) | 50,000 | 38,642 |
3.50%, 09/30/49 (a) | 150,000 | 112,178 |
3.10%, 11/30/51 (a) | 125,000 | 85,353 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 210,000 | 194,863 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 120,000 | 115,508 |
3.35%, 11/15/27 (a) | 175,000 | 166,706 |
5.30%, 07/01/43 (a) | 100,000 | 96,832 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 200,000 | 195,888 |
4.38%, 10/01/45 (a) | 150,000 | 130,092 |
3.30%, 06/01/50 (a) | 150,000 | 109,946 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Louisville Gas & Electric Co. | ||
5.45%, 04/15/33 (a) | 150,000 | 156,575 |
4.25%, 04/01/49 (a) | 150,000 | 127,897 |
MidAmerican Energy Co. | ||
3.10%, 05/01/27 (a) | 50,000 | 47,909 |
3.65%, 04/15/29 (a) | 300,000 | 286,954 |
6.75%, 12/30/31 | 200,000 | 228,213 |
5.35%, 01/15/34 (a) | 300,000 | 316,597 |
5.80%, 10/15/36 | 100,000 | 107,404 |
4.80%, 09/15/43 (a) | 200,000 | 189,282 |
4.40%, 10/15/44 (a) | 125,000 | 112,097 |
4.25%, 05/01/46 (a) | 150,000 | 131,411 |
3.95%, 08/01/47 (a) | 100,000 | 83,699 |
3.65%, 08/01/48 (a) | 250,000 | 199,724 |
4.25%, 07/15/49 (a) | 300,000 | 262,672 |
3.15%, 04/15/50 (a) | 315,000 | 227,044 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 225,000 | 218,802 |
4.25%, 03/15/42 | 100,000 | 85,655 |
3.10%, 07/30/51 (a) | 100,000 | 67,744 |
National Grid PLC | ||
5.81%, 06/12/33 (a) | 250,000 | 263,433 |
National Rural Utilities Cooperative Finance Corp. | ||
1.88%, 02/07/25 | 100,000 | 96,562 |
5.45%, 10/30/25 | 200,000 | 202,165 |
3.25%, 11/01/25 (a) | 400,000 | 388,701 |
4.45%, 03/13/26 (a) | 200,000 | 199,680 |
3.40%, 02/07/28 (a) | 350,000 | 336,187 |
3.90%, 11/01/28 (a) | 250,000 | 243,168 |
3.70%, 03/15/29 (a) | 200,000 | 190,421 |
2.40%, 03/15/30 (a) | 200,000 | 173,964 |
1.35%, 03/15/31 (a) | 250,000 | 196,883 |
1.65%, 06/15/31 (a) | 150,000 | 120,021 |
8.00%, 03/01/32 | 200,000 | 239,917 |
4.15%, 12/15/32 (a) | 200,000 | 190,432 |
5.80%, 01/15/33 (a) | 200,000 | 212,540 |
5.25%, 04/20/46 (a)(b) | 150,000 | 143,654 |
4.40%, 11/01/48 (a) | 130,000 | 114,221 |
4.30%, 03/15/49 (a) | 100,000 | 87,920 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 150,000 | 144,443 |
6.65%, 04/01/36 | 250,000 | 275,607 |
6.75%, 07/01/37 | 75,000 | 85,493 |
3.13%, 08/01/50 (a) | 325,000 | 225,976 |
NextEra Energy Capital Holdings, Inc. | ||
6.05%, 03/01/25 | 850,000 | 858,156 |
4.45%, 06/20/25 | 400,000 | 396,596 |
1.88%, 01/15/27 (a) | 350,000 | 322,183 |
3.55%, 05/01/27 (a) | 450,000 | 433,987 |
4.63%, 07/15/27 (a) | 400,000 | 399,681 |
4.90%, 02/28/28 (a) | 375,000 | 378,617 |
1.90%, 06/15/28 (a) | 725,000 | 643,717 |
3.50%, 04/01/29 (a) | 150,000 | 142,115 |
2.75%, 11/01/29 (a) | 350,000 | 314,535 |
2.25%, 06/01/30 (a) | 700,000 | 599,313 |
2.44%, 01/15/32 (a) | 400,000 | 335,782 |
5.00%, 07/15/32 (a) | 300,000 | 302,865 |
3.00%, 01/15/52 (a) | 200,000 | 134,591 |
5.25%, 02/28/53 (a) | 340,000 | 333,580 |
4.80%, 12/01/77 (a)(b) | 225,000 | 195,485 |
3.80%, 03/15/82 (a)(b) | 150,000 | 127,866 |
Northern States Power Co. | ||
2.25%, 04/01/31 (a) | 200,000 | 172,183 |
6.25%, 06/01/36 | 145,000 | 161,359 |
6.20%, 07/01/37 | 175,000 | 192,844 |
5.35%, 11/01/39 | 110,000 | 113,134 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 08/15/42 (a) | 145,000 | 115,643 |
4.00%, 08/15/45 (a) | 100,000 | 83,435 |
3.60%, 05/15/46 (a) | 250,000 | 197,576 |
3.60%, 09/15/47 (a) | 250,000 | 197,617 |
2.90%, 03/01/50 (a) | 120,000 | 84,203 |
2.60%, 06/01/51 (a) | 175,000 | 114,905 |
4.50%, 06/01/52 (a) | 150,000 | 138,626 |
NorthWestern Corp. | ||
4.18%, 11/15/44 (a) | 185,000 | 153,866 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 350,000 | 338,318 |
3.25%, 05/15/29 (a) | 115,000 | 108,411 |
3.95%, 04/01/30 (a) | 150,000 | 143,683 |
1.95%, 08/15/31 (a) | 150,000 | 123,277 |
5.50%, 03/15/40 | 100,000 | 101,925 |
4.40%, 03/01/44 (a) | 175,000 | 160,413 |
3.10%, 06/01/51 (a) | 175,000 | 124,287 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 150,000 | 154,508 |
5.38%, 11/01/40 | 200,000 | 193,008 |
5.05%, 10/01/48 (a) | 200,000 | 184,537 |
3.75%, 08/01/50 (a) | 150,000 | 113,232 |
5.25%, 09/01/50 | 50,000 | 47,447 |
Ohio Edison Co. | ||
6.88%, 07/15/36 | 100,000 | 112,763 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 200,000 | 175,842 |
1.63%, 01/15/31 (a) | 200,000 | 162,315 |
4.15%, 04/01/48 (a) | 200,000 | 168,680 |
4.00%, 06/01/49 (a) | 150,000 | 122,967 |
Oklahoma Gas & Electric Co. | ||
3.30%, 03/15/30 (a) | 125,000 | 114,707 |
3.25%, 04/01/30 (a) | 350,000 | 320,465 |
5.40%, 01/15/33 (a) | 150,000 | 157,315 |
4.15%, 04/01/47 (a) | 225,000 | 190,088 |
Oncor Electric Delivery Co. LLC | ||
3.70%, 11/15/28 (a) | 365,000 | 352,932 |
5.75%, 03/15/29 (a) | 123,000 | 130,049 |
2.75%, 05/15/30 (a) | 200,000 | 180,115 |
7.00%, 05/01/32 | 250,000 | 287,258 |
4.15%, 06/01/32 (a) | 150,000 | 144,916 |
4.55%, 09/15/32 (a) | 200,000 | 198,457 |
5.65%, 11/15/33 (a)(d) | 250,000 | 267,065 |
7.50%, 09/01/38 | 100,000 | 123,152 |
5.25%, 09/30/40 | 175,000 | 179,090 |
4.55%, 12/01/41 (a) | 150,000 | 140,833 |
3.75%, 04/01/45 (a) | 250,000 | 207,402 |
3.80%, 09/30/47 (a) | 275,000 | 222,993 |
4.10%, 11/15/48 (a) | 300,000 | 261,297 |
3.80%, 06/01/49 (a) | 150,000 | 124,079 |
3.10%, 09/15/49 (a) | 250,000 | 180,028 |
3.70%, 05/15/50 (a) | 150,000 | 121,784 |
4.60%, 06/01/52 (a) | 150,000 | 140,259 |
5.35%, 10/01/52 (a) | 100,000 | 104,102 |
Pacific Gas & Electric Co. | ||
4.95%, 06/08/25 | 100,000 | 99,430 |
3.50%, 06/15/25 (a) | 300,000 | 291,489 |
3.45%, 07/01/25 | 360,000 | 349,006 |
3.15%, 01/01/26 | 550,000 | 527,305 |
2.95%, 03/01/26 (a) | 225,000 | 213,614 |
3.30%, 03/15/27 (a) | 100,000 | 93,567 |
2.10%, 08/01/27 (a) | 350,000 | 315,927 |
3.30%, 12/01/27 (a) | 500,000 | 467,611 |
3.00%, 06/15/28 (a) | 350,000 | 319,379 |
3.75%, 07/01/28 | 325,000 | 305,076 |
4.65%, 08/01/28 (a) | 100,000 | 96,284 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.55%, 07/01/30 (a) | 900,000 | 858,436 |
2.50%, 02/01/31 (a) | 600,000 | 496,345 |
3.25%, 06/01/31 (a) | 600,000 | 520,672 |
4.40%, 03/01/32 (a) | 200,000 | 185,600 |
5.90%, 06/15/32 (a) | 200,000 | 203,691 |
6.15%, 01/15/33 (a) | 300,000 | 311,633 |
4.50%, 07/01/40 (a) | 500,000 | 423,057 |
3.30%, 08/01/40 (a) | 350,000 | 256,921 |
4.20%, 06/01/41 (a) | 300,000 | 241,015 |
4.45%, 04/15/42 (a) | 350,000 | 282,957 |
3.75%, 08/15/42 (a) | 100,000 | 73,939 |
4.60%, 06/15/43 (a) | 200,000 | 165,714 |
4.75%, 02/15/44 (a) | 200,000 | 167,917 |
4.30%, 03/15/45 (a) | 260,000 | 204,020 |
4.25%, 03/15/46 (a) | 175,000 | 135,271 |
4.00%, 12/01/46 (a) | 240,000 | 176,904 |
4.95%, 07/01/50 (a) | 900,000 | 771,810 |
3.50%, 08/01/50 (a) | 200,000 | 138,631 |
5.25%, 03/01/52 (a) | 455,000 | 406,869 |
6.75%, 01/15/53 (a) | 200,000 | 218,174 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 125,000 | 117,520 |
2.70%, 09/15/30 (a) | 150,000 | 130,095 |
7.70%, 11/15/31 | 275,000 | 322,224 |
5.75%, 04/01/37 | 100,000 | 102,933 |
6.25%, 10/15/37 | 200,000 | 214,946 |
6.35%, 07/15/38 | 250,000 | 271,359 |
6.00%, 01/15/39 | 100,000 | 105,015 |
4.10%, 02/01/42 (a) | 175,000 | 145,771 |
4.15%, 02/15/50 (a) | 200,000 | 162,691 |
3.30%, 03/15/51 (a) | 250,000 | 174,355 |
2.90%, 06/15/52 (a) | 200,000 | 129,253 |
5.35%, 12/01/53 (a) | 325,000 | 312,961 |
5.50%, 05/15/54 (a) | 400,000 | 393,631 |
PECO Energy Co. | ||
4.90%, 06/15/33 (a) | 175,000 | 178,291 |
3.70%, 09/15/47 (a) | 300,000 | 244,671 |
3.90%, 03/01/48 (a) | 200,000 | 169,521 |
3.00%, 09/15/49 (a) | 100,000 | 71,753 |
2.80%, 06/15/50 (a) | 200,000 | 137,120 |
3.05%, 03/15/51 (a) | 50,000 | 35,529 |
2.85%, 09/15/51 (a) | 150,000 | 100,912 |
4.38%, 08/15/52 (a) | 140,000 | 126,387 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 250,000 | 235,641 |
Potomac Electric Power Co. | ||
4.15%, 03/15/43 (a) | 200,000 | 178,952 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 260,000 | 249,567 |
4.13%, 04/15/30 (a) | 150,000 | 143,011 |
PPL Electric Utilities Corp. | ||
5.00%, 05/15/33 (a) | 200,000 | 205,146 |
6.25%, 05/15/39 | 300,000 | 337,587 |
4.75%, 07/15/43 (a) | 100,000 | 94,626 |
4.15%, 06/15/48 (a) | 150,000 | 132,599 |
3.00%, 10/01/49 (a) | 110,000 | 79,453 |
5.25%, 05/15/53 (a) | 200,000 | 206,824 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 250,000 | 289,095 |
7.00%, 10/30/31 | 210,000 | 237,683 |
6.00%, 12/01/39 | 185,000 | 194,540 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 150,000 | 144,773 |
1.90%, 01/15/31 (a) | 155,000 | 128,869 |
1.88%, 06/15/31 (a) | 225,000 | 186,006 |
4.10%, 06/01/32 (a) | 150,000 | 143,955 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.25%, 09/01/37 | 210,000 | 228,957 |
3.60%, 09/15/42 (a) | 100,000 | 79,249 |
3.80%, 06/15/47 (a) | 50,000 | 39,905 |
4.05%, 09/15/49 (a) | 325,000 | 266,310 |
3.20%, 03/01/50 (a) | 250,000 | 178,923 |
2.70%, 01/15/51 (a) | 180,000 | 114,215 |
5.25%, 04/01/53 (a) | 200,000 | 199,746 |
Public Service Co. of New Hampshire | ||
3.60%, 07/01/49 (a) | 100,000 | 79,643 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 150,000 | 124,304 |
5.25%, 01/15/33 (a) | 150,000 | 151,538 |
3.15%, 08/15/51 (a) | 150,000 | 103,477 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 150,000 | 138,841 |
3.00%, 05/15/27 (a) | 205,000 | 195,621 |
3.70%, 05/01/28 (a) | 175,000 | 169,847 |
3.20%, 05/15/29 (a) | 225,000 | 211,109 |
2.45%, 01/15/30 (a) | 250,000 | 221,459 |
1.90%, 08/15/31 (a) | 200,000 | 164,330 |
4.90%, 12/15/32 (a) | 220,000 | 223,956 |
4.65%, 03/15/33 (a) | 110,000 | 110,063 |
3.95%, 05/01/42 (a) | 100,000 | 86,547 |
3.65%, 09/01/42 (a) | 100,000 | 83,590 |
3.80%, 01/01/43 (a) | 175,000 | 148,158 |
3.80%, 03/01/46 (a) | 150,000 | 125,498 |
3.60%, 12/01/47 (a) | 275,000 | 223,876 |
4.05%, 05/01/48 (a) | 175,000 | 153,592 |
3.85%, 05/01/49 (a) | 150,000 | 125,531 |
3.20%, 08/01/49 (a) | 150,000 | 111,739 |
3.15%, 01/01/50 (a) | 25,000 | 18,442 |
2.70%, 05/01/50 (a) | 150,000 | 103,230 |
2.05%, 08/01/50 (a) | 250,000 | 146,535 |
5.13%, 03/15/53 (a) | 150,000 | 156,125 |
Public Service Enterprise Group, Inc. | ||
0.80%, 08/15/25 (a) | 225,000 | 210,360 |
5.85%, 11/15/27 (a) | 200,000 | 208,505 |
1.60%, 08/15/30 (a) | 360,000 | 295,521 |
2.45%, 11/15/31 (a) | 300,000 | 252,517 |
6.13%, 10/15/33 (a) | 5,000 | 5,383 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 150,000 | 146,384 |
4.10%, 06/15/30 (a) | 300,000 | 275,840 |
4.22%, 03/15/32 (a) | 150,000 | 136,044 |
Puget Sound Energy, Inc. | ||
6.27%, 03/15/37 | 100,000 | 108,673 |
5.80%, 03/15/40 | 175,000 | 182,436 |
5.64%, 04/15/41 (a) | 150,000 | 154,481 |
4.30%, 05/20/45 (a) | 150,000 | 128,587 |
4.22%, 06/15/48 (a) | 200,000 | 171,198 |
3.25%, 09/15/49 (a) | 200,000 | 142,706 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 200,000 | 190,919 |
1.70%, 10/01/30 (a) | 210,000 | 174,078 |
3.00%, 03/15/32 (a) | 250,000 | 222,356 |
6.00%, 06/01/39 | 150,000 | 162,191 |
3.75%, 06/01/47 (a) | 125,000 | 101,221 |
4.15%, 05/15/48 (a) | 294,000 | 251,866 |
4.10%, 06/15/49 (a) | 165,000 | 137,480 |
3.32%, 04/15/50 (a) | 200,000 | 143,319 |
3.70%, 03/15/52 (a) | 260,000 | 202,741 |
5.35%, 04/01/53 (a) | 200,000 | 203,271 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 200,000 | 190,615 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southern California Edison Co. | ||
3.70%, 08/01/25 (a) | 350,000 | 343,057 |
1.20%, 02/01/26 (a) | 250,000 | 232,943 |
5.85%, 11/01/27 (a) | 250,000 | 261,380 |
3.65%, 03/01/28 (a) | 100,000 | 96,021 |
5.30%, 03/01/28 (a) | 200,000 | 205,536 |
4.20%, 03/01/29 (a) | 150,000 | 147,240 |
6.65%, 04/01/29 | 150,000 | 160,173 |
2.85%, 08/01/29 (a) | 200,000 | 182,796 |
2.25%, 06/01/30 (a) | 250,000 | 215,105 |
2.75%, 02/01/32 (a) | 200,000 | 173,868 |
5.95%, 11/01/32 (a) | 200,000 | 215,086 |
6.00%, 01/15/34 | 200,000 | 220,034 |
5.75%, 04/01/35 | 200,000 | 209,135 |
5.35%, 07/15/35 | 200,000 | 206,835 |
5.55%, 01/15/37 | 200,000 | 202,171 |
5.95%, 02/01/38 | 250,000 | 263,276 |
6.05%, 03/15/39 | 150,000 | 159,643 |
5.50%, 03/15/40 | 300,000 | 303,947 |
4.05%, 03/15/42 (a) | 105,000 | 88,773 |
3.90%, 03/15/43 (a) | 125,000 | 102,613 |
4.65%, 10/01/43 (a) | 250,000 | 228,287 |
3.60%, 02/01/45 (a) | 150,000 | 116,601 |
4.00%, 04/01/47 (a) | 600,000 | 492,614 |
4.13%, 03/01/48 (a) | 520,000 | 439,599 |
4.88%, 03/01/49 (a) | 225,000 | 208,263 |
3.65%, 02/01/50 (a) | 400,000 | 310,584 |
3.65%, 06/01/51 (a) | 100,000 | 75,566 |
3.45%, 02/01/52 (a) | 225,000 | 164,781 |
Southern Co. | ||
3.25%, 07/01/26 (a) | 600,000 | 579,129 |
5.11%, 08/01/27 (e) | 250,000 | 253,949 |
4.85%, 06/15/28 (a) | 250,000 | 252,149 |
5.50%, 03/15/29 (a) | 200,000 | 208,220 |
3.70%, 04/30/30 (a) | 350,000 | 330,309 |
5.20%, 06/15/33 (a) | 200,000 | 204,150 |
5.70%, 03/15/34 (a) | 200,000 | 210,825 |
4.25%, 07/01/36 (a) | 200,000 | 184,150 |
4.40%, 07/01/46 (a) | 600,000 | 529,741 |
4.00%, 01/15/51 (a)(b) | 250,000 | 239,118 |
3.75%, 09/15/51 (a)(b) | 275,000 | 250,951 |
Southern Power Co. | ||
0.90%, 01/15/26 (a) | 225,000 | 207,553 |
5.15%, 09/15/41 | 200,000 | 190,257 |
5.25%, 07/15/43 | 200,000 | 189,908 |
4.95%, 12/15/46 (a) | 128,000 | 115,900 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 300,000 | 282,344 |
4.10%, 09/15/28 (a) | 200,000 | 193,635 |
3.90%, 04/01/45 (a) | 100,000 | 77,443 |
3.85%, 02/01/48 (a) | 200,000 | 150,729 |
3.25%, 11/01/51 (a) | 200,000 | 135,345 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 133,766 |
3.40%, 08/15/46 (a) | 150,000 | 111,494 |
3.70%, 08/15/47 (a) | 150,000 | 115,125 |
4.40%, 11/15/48 (a) | 100,000 | 84,807 |
3.75%, 06/15/49 (a) | 130,000 | 100,221 |
3.15%, 05/01/50 (a) | 165,000 | 113,876 |
Tampa Electric Co. | ||
4.10%, 06/15/42 (a) | 125,000 | 109,185 |
4.35%, 05/15/44 (a) | 100,000 | 86,139 |
4.30%, 06/15/48 (a) | 150,000 | 126,464 |
4.45%, 06/15/49 (a) | 150,000 | 129,795 |
3.63%, 06/15/50 (a) | 125,000 | 94,539 |
3.45%, 03/15/51 (a) | 25,000 | 18,476 |
5.00%, 07/15/52 (a) | 150,000 | 143,667 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 108,364 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 175,000 | 143,492 |
4.85%, 12/01/48 (a) | 175,000 | 161,871 |
4.00%, 06/15/50 (a) | 100,000 | 79,547 |
3.25%, 05/01/51 (a) | 200,000 | 141,290 |
Union Electric Co. | ||
2.95%, 06/15/27 (a) | 44,000 | 41,989 |
3.50%, 03/15/29 (a) | 425,000 | 403,284 |
2.95%, 03/15/30 (a) | 150,000 | 135,629 |
2.15%, 03/15/32 (a) | 200,000 | 166,427 |
8.45%, 03/15/39 | 150,000 | 197,376 |
3.90%, 09/15/42 (a) | 115,000 | 96,638 |
3.65%, 04/15/45 (a) | 100,000 | 78,882 |
4.00%, 04/01/48 (a) | 150,000 | 123,820 |
3.25%, 10/01/49 (a) | 150,000 | 105,504 |
2.63%, 03/15/51 (a) | 250,000 | 160,202 |
3.90%, 04/01/52 (a) | 185,000 | 153,106 |
Virginia Electric & Power Co. | ||
3.10%, 05/15/25 (a) | 200,000 | 195,224 |
3.15%, 01/15/26 (a) | 250,000 | 242,571 |
2.95%, 11/15/26 (a) | 200,000 | 191,467 |
3.50%, 03/15/27 (a) | 350,000 | 338,569 |
2.88%, 07/15/29 (a) | 150,000 | 138,099 |
2.40%, 03/30/32 (a) | 175,000 | 148,198 |
5.00%, 04/01/33 (a) | 200,000 | 202,754 |
6.00%, 01/15/36 | 250,000 | 268,976 |
6.00%, 05/15/37 | 275,000 | 296,875 |
8.88%, 11/15/38 | 300,000 | 410,402 |
4.00%, 01/15/43 (a) | 250,000 | 213,864 |
4.45%, 02/15/44 (a) | 250,000 | 223,985 |
4.20%, 05/15/45 (a) | 50,000 | 42,918 |
3.80%, 09/15/47 (a) | 300,000 | 240,989 |
4.60%, 12/01/48 (a) | 250,000 | 227,153 |
3.30%, 12/01/49 (a) | 300,000 | 220,378 |
2.45%, 12/15/50 (a) | 450,000 | 278,058 |
4.63%, 05/15/52 (a) | 225,000 | 203,846 |
5.45%, 04/01/53 (a) | 200,000 | 206,557 |
WEC Energy Group, Inc. | ||
4.75%, 01/09/26 (a) | 200,000 | 199,324 |
5.60%, 09/12/26 (a) | 175,000 | 178,242 |
5.15%, 10/01/27 (a) | 225,000 | 228,657 |
1.38%, 10/15/27 (a) | 250,000 | 221,183 |
4.75%, 01/15/28 (a) | 200,000 | 200,248 |
2.20%, 12/15/28 (a) | 150,000 | 133,507 |
1.80%, 10/15/30 (a) | 250,000 | 204,429 |
Wisconsin Electric Power Co. | ||
1.70%, 06/15/28 (a) | 150,000 | 133,505 |
4.30%, 10/15/48 (a) | 125,000 | 110,461 |
Wisconsin Power & Light Co. | ||
3.05%, 10/15/27 (a) | 100,000 | 94,482 |
3.00%, 07/01/29 (a) | 225,000 | 209,372 |
3.65%, 04/01/50 (a) | 200,000 | 153,983 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 200,000 | 162,611 |
4.75%, 11/01/44 (a) | 150,000 | 139,416 |
3.30%, 09/01/49 (a) | 222,000 | 162,539 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 165,000 | 161,244 |
3.35%, 12/01/26 (a) | 100,000 | 96,400 |
4.00%, 06/15/28 (a) | 175,000 | 171,011 |
3.40%, 06/01/30 (a) | 300,000 | 277,281 |
4.60%, 06/01/32 (a) | 300,000 | 293,294 |
5.45%, 08/15/33 (a) | 200,000 | 206,573 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.50%, 07/01/36 | 90,000 | 102,185 |
3.50%, 12/01/49 (a) | 200,000 | 148,397 |
146,743,205 | ||
Natural Gas 0.2% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 200,000 | 190,737 |
2.63%, 09/15/29 (a) | 100,000 | 91,163 |
1.50%, 01/15/31 (a) | 375,000 | 305,988 |
5.90%, 11/15/33 (a) | 125,000 | 135,899 |
5.50%, 06/15/41 (a) | 150,000 | 157,394 |
4.15%, 01/15/43 (a) | 200,000 | 181,971 |
4.13%, 10/15/44 (a) | 100,000 | 89,045 |
4.30%, 10/01/48 (a) | 225,000 | 200,815 |
4.13%, 03/15/49 (a) | 165,000 | 144,140 |
3.38%, 09/15/49 (a) | 200,000 | 152,684 |
2.85%, 02/15/52 (a) | 55,000 | 37,696 |
5.75%, 10/15/52 (a) | 150,000 | 165,359 |
CenterPoint Energy Resources Corp. | ||
5.25%, 03/01/28 (a) | 200,000 | 205,327 |
4.00%, 04/01/28 (a) | 50,000 | 48,747 |
1.75%, 10/01/30 (a) | 200,000 | 167,215 |
5.40%, 03/01/33 (a) | 200,000 | 208,922 |
5.85%, 01/15/41 (a) | 125,000 | 132,073 |
4.10%, 09/01/47 (a) | 100,000 | 84,269 |
National Grid USA | ||
5.80%, 04/01/35 | 150,000 | 152,929 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 300,000 | 280,574 |
3.49%, 05/15/27 (a) | 225,000 | 216,807 |
5.25%, 03/30/28 (a) | 200,000 | 204,425 |
2.95%, 09/01/29 (a) | 350,000 | 320,261 |
3.60%, 05/01/30 (a) | 350,000 | 326,963 |
1.70%, 02/15/31 (a) | 200,000 | 162,970 |
5.95%, 06/15/41 (a) | 160,000 | 167,300 |
5.25%, 02/15/43 (a) | 275,000 | 267,958 |
4.80%, 02/15/44 (a) | 199,000 | 183,161 |
5.65%, 02/01/45 (a) | 150,000 | 151,225 |
4.38%, 05/15/47 (a) | 350,000 | 302,591 |
3.95%, 03/30/48 (a) | 100,000 | 81,282 |
5.00%, 06/15/52 (a) | 100,000 | 94,154 |
ONE Gas, Inc. | ||
4.66%, 02/01/44 (a) | 200,000 | 182,745 |
4.50%, 11/01/48 (a) | 250,000 | 221,758 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 270,000 | 252,950 |
3.64%, 11/01/46 (a) | 200,000 | 148,176 |
3.35%, 06/01/50 (a) | 150,000 | 105,387 |
5.05%, 05/15/52 (a) | 170,000 | 159,266 |
Sempra | ||
3.30%, 04/01/25 (a) | 250,000 | 243,964 |
3.25%, 06/15/27 (a) | 300,000 | 284,588 |
3.40%, 02/01/28 (a) | 300,000 | 286,374 |
3.70%, 04/01/29 (a) | 200,000 | 190,903 |
5.50%, 08/01/33 (a) | 50,000 | 51,903 |
3.80%, 02/01/38 (a) | 250,000 | 214,321 |
6.00%, 10/15/39 | 365,000 | 385,268 |
4.00%, 02/01/48 (a) | 225,000 | 185,426 |
4.13%, 04/01/52 (a)(b) | 300,000 | 258,981 |
Southern California Gas Co. | ||
3.20%, 06/15/25 (a) | 50,000 | 48,824 |
2.60%, 06/15/26 (a) | 215,000 | 205,272 |
2.95%, 04/15/27 (a) | 210,000 | 199,422 |
2.55%, 02/01/30 (a) | 250,000 | 220,331 |
5.13%, 11/15/40 | 200,000 | 198,374 |
3.75%, 09/15/42 (a) | 150,000 | 121,774 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 06/01/48 (a) | 125,000 | 106,079 |
4.30%, 01/15/49 (a) | 175,000 | 149,243 |
3.95%, 02/15/50 (a) | 200,000 | 159,549 |
5.75%, 06/01/53 (a) | 150,000 | 158,511 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 96,286 |
1.75%, 01/15/31 (a) | 200,000 | 163,596 |
5.15%, 09/15/32 (a) | 90,000 | 91,325 |
5.75%, 09/15/33 (a) | 150,000 | 157,744 |
5.88%, 03/15/41 (a) | 200,000 | 204,173 |
4.40%, 06/01/43 (a) | 131,000 | 111,432 |
3.95%, 10/01/46 (a) | 225,000 | 175,954 |
4.40%, 05/30/47 (a) | 250,000 | 212,560 |
Southwest Gas Corp. | ||
5.45%, 03/23/28 (a) | 100,000 | 102,509 |
2.20%, 06/15/30 (a) | 330,000 | 281,581 |
4.05%, 03/15/32 (a) | 140,000 | 131,658 |
3.80%, 09/29/46 (a) | 100,000 | 75,125 |
4.15%, 06/01/49 (a) | 135,000 | 106,972 |
3.18%, 08/15/51 (a) | 50,000 | 32,993 |
Spire Missouri, Inc. | ||
3.30%, 06/01/51 (a) | 125,000 | 88,955 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 155,000 | 119,396 |
3.65%, 09/15/49 (a) | 175,000 | 132,460 |
12,636,152 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 25,000 | 24,498 |
2.95%, 09/01/27 (a) | 100,000 | 94,661 |
3.75%, 09/01/28 (a) | 250,000 | 241,008 |
3.45%, 06/01/29 (a) | 165,000 | 156,067 |
2.80%, 05/01/30 (a) | 200,000 | 179,625 |
2.30%, 06/01/31 (a) | 200,000 | 171,118 |
4.45%, 06/01/32 (a) | 325,000 | 323,390 |
6.59%, 10/15/37 | 200,000 | 232,778 |
4.30%, 12/01/42 (a) | 200,000 | 180,976 |
4.30%, 09/01/45 (a) | 45,000 | 40,417 |
4.00%, 12/01/46 (a) | 140,000 | 118,843 |
3.75%, 09/01/47 (a) | 250,000 | 204,993 |
4.20%, 09/01/48 (a) | 300,000 | 262,379 |
4.15%, 06/01/49 (a) | 150,000 | 129,650 |
3.45%, 05/01/50 (a) | 155,000 | 118,929 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 150,000 | 140,551 |
2.70%, 04/15/30 (a) | 160,000 | 140,315 |
2.40%, 05/01/31 (a) | 50,000 | 41,896 |
4.28%, 05/01/49 (a) | 175,000 | 146,224 |
3.35%, 04/15/50 (a) | 200,000 | 142,809 |
5.30%, 05/01/52 (a) | 150,000 | 144,335 |
3,235,462 | ||
162,614,819 | ||
Total Corporates (Cost $2,033,768,040) | 1,865,088,736 | |
TREASURIES 41.3% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
7.63%, 02/15/25 | 1,000,000 | 1,035,527 |
6.88%, 08/15/25 | 1,000,000 | 1,038,965 |
6.00%, 02/15/26 | 1,889,000 | 1,955,779 |
6.75%, 08/15/26 | 1,209,000 | 1,288,529 |
6.50%, 11/15/26 | 1,748,000 | 1,863,804 |
6.63%, 02/15/27 | 1,000,000 | 1,076,600 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.38%, 08/15/27 | 1,200,000 | 1,296,643 |
6.13%, 11/15/27 | 2,434,000 | 2,626,111 |
5.50%, 08/15/28 | 1,748,000 | 1,869,147 |
5.25%, 11/15/28 | 2,248,000 | 2,383,590 |
5.25%, 02/15/29 | 1,174,000 | 1,247,054 |
6.13%, 08/15/29 | 1,044,000 | 1,158,911 |
6.25%, 05/15/30 | 2,131,000 | 2,410,641 |
5.38%, 02/15/31 | 2,594,000 | 2,843,179 |
4.50%, 02/15/36 | 2,844,000 | 3,036,525 |
4.75%, 02/15/37 | 1,182,000 | 1,294,799 |
5.00%, 05/15/37 | 1,648,000 | 1,845,131 |
4.38%, 02/15/38 | 1,596,000 | 1,678,984 |
4.50%, 05/15/38 | 2,096,000 | 2,228,989 |
3.50%, 02/15/39 | 1,972,000 | 1,868,881 |
4.25%, 05/15/39 | 1,946,000 | 2,005,943 |
4.50%, 08/15/39 | 2,446,000 | 2,590,134 |
4.38%, 11/15/39 | 2,825,000 | 2,944,592 |
4.63%, 02/15/40 | 2,955,000 | 3,166,431 |
1.13%, 05/15/40 | 11,200,000 | 7,228,415 |
4.38%, 05/15/40 | 3,194,000 | 3,319,883 |
1.13%, 08/15/40 | 13,000,000 | 8,306,805 |
3.88%, 08/15/40 | 4,494,000 | 4,386,063 |
1.38%, 11/15/40 | 15,500,000 | 10,301,174 |
4.25%, 11/15/40 | 4,253,000 | 4,337,772 |
1.88%, 02/15/41 | 18,900,000 | 13,604,551 |
4.75%, 02/15/41 | 4,292,000 | 4,644,766 |
2.25%, 05/15/41 | 17,500,000 | 13,352,411 |
4.38%, 05/15/41 | 3,944,000 | 4,070,561 |
1.75%, 08/15/41 | 21,400,000 | 14,903,840 |
3.75%, 08/15/41 | 3,817,000 | 3,635,662 |
2.00%, 11/15/41 | 18,000,000 | 13,043,178 |
3.13%, 11/15/41 | 4,344,000 | 3,781,233 |
2.38%, 02/15/42 | 15,900,000 | 12,218,206 |
3.13%, 02/15/42 | 4,082,000 | 3,541,382 |
3.00%, 05/15/42 | 3,998,000 | 3,386,602 |
3.25%, 05/15/42 | 13,100,000 | 11,508,021 |
2.75%, 08/15/42 | 4,191,000 | 3,402,782 |
3.38%, 08/15/42 | 11,500,000 | 10,267,757 |
2.75%, 11/15/42 | 6,158,000 | 4,984,312 |
4.00%, 11/15/42 | 11,200,000 | 10,898,908 |
3.13%, 02/15/43 | 5,286,000 | 4,525,008 |
3.88%, 02/15/43 | 11,450,000 | 10,933,849 |
2.88%, 05/15/43 | 8,231,000 | 6,767,455 |
3.88%, 05/15/43 | 12,800,000 | 12,220,628 |
3.63%, 08/15/43 | 5,817,000 | 5,356,532 |
4.38%, 08/15/43 | 12,250,000 | 12,520,309 |
3.75%, 11/15/43 | 6,150,000 | 5,753,317 |
4.75%, 11/15/43 | 9,200,000 | 9,879,832 |
3.63%, 02/15/44 | 6,427,000 | 5,895,513 |
3.38%, 05/15/44 | 5,794,000 | 5,113,781 |
3.13%, 08/15/44 | 5,882,000 | 4,985,651 |
3.00%, 11/15/44 | 5,136,000 | 4,254,935 |
2.50%, 02/15/45 | 8,632,000 | 6,542,443 |
3.00%, 05/15/45 | 6,534,000 | 5,395,623 |
2.88%, 08/15/45 | 5,332,000 | 4,303,528 |
3.00%, 11/15/45 | 1,782,000 | 1,467,738 |
2.50%, 02/15/46 | 8,091,000 | 6,077,119 |
2.50%, 05/15/46 | 6,732,000 | 5,045,720 |
2.25%, 08/15/46 | 9,078,000 | 6,463,324 |
2.88%, 11/15/46 | 3,719,000 | 2,981,666 |
3.00%, 02/15/47 | 6,584,000 | 5,388,712 |
3.00%, 05/15/47 | 5,038,000 | 4,120,896 |
2.75%, 08/15/47 | 8,280,000 | 6,457,934 |
2.75%, 11/15/47 | 7,878,000 | 6,141,323 |
3.00%, 02/15/48 | 10,200,000 | 8,322,354 |
3.13%, 05/15/48 | 10,320,000 | 8,608,706 |
3.00%, 08/15/48 | 11,678,000 | 9,520,990 |
3.38%, 11/15/48 | 11,100,000 | 9,683,788 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 02/15/49 | 12,376,000 | 10,086,201 |
2.88%, 05/15/49 | 12,000,000 | 9,553,159 |
2.25%, 08/15/49 | 12,400,000 | 8,673,692 |
2.38%, 11/15/49 | 12,000,000 | 8,623,314 |
2.00%, 02/15/50 | 14,598,000 | 9,621,104 |
1.25%, 05/15/50 | 16,900,000 | 9,128,486 |
1.38%, 08/15/50 | 18,850,000 | 10,524,500 |
1.63%, 11/15/50 | 18,900,000 | 11,283,933 |
1.88%, 02/15/51 | 21,000,000 | 13,348,860 |
2.38%, 05/15/51 | 21,300,000 | 15,229,926 |
2.00%, 08/15/51 | 21,200,000 | 13,873,026 |
1.88%, 11/15/51 | 19,650,000 | 12,446,251 |
2.25%, 02/15/52 | 18,000,000 | 12,499,544 |
2.88%, 05/15/52 | 17,300,000 | 13,796,771 |
3.00%, 08/15/52 | 18,000,000 | 14,744,097 |
4.00%, 11/15/52 | 17,250,000 | 17,042,669 |
3.63%, 02/15/53 | 18,100,000 | 16,741,229 |
3.63%, 05/15/53 | 17,650,000 | 16,347,047 |
4.13%, 08/15/53 | 19,900,000 | 20,151,522 |
4.75%, 11/15/53 | 13,200,000 | 14,829,496 |
U.S. Treasury Notes | ||
1.38%, 01/31/25 | 9,196,000 | 8,875,959 |
2.50%, 01/31/25 | 7,488,000 | 7,314,270 |
4.13%, 01/31/25 | 14,000,000 | 13,915,254 |
1.50%, 02/15/25 | 14,000,000 | 13,515,503 |
2.00%, 02/15/25 | 14,486,000 | 14,062,203 |
1.13%, 02/28/25 | 8,998,000 | 8,643,376 |
2.75%, 02/28/25 | 7,890,000 | 7,722,045 |
4.63%, 02/28/25 | 14,000,000 | 13,992,633 |
1.75%, 03/15/25 | 14,000,000 | 13,531,636 |
0.50%, 03/31/25 | 12,200,000 | 11,601,712 |
2.63%, 03/31/25 | 4,724,000 | 4,613,844 |
3.88%, 03/31/25 | 13,800,000 | 13,681,157 |
2.63%, 04/15/25 | 13,000,000 | 12,683,151 |
0.38%, 04/30/25 | 12,900,000 | 12,211,201 |
2.88%, 04/30/25 | 6,986,000 | 6,835,241 |
3.88%, 04/30/25 | 12,500,000 | 12,389,423 |
2.13%, 05/15/25 | 13,880,400 | 13,440,164 |
2.75%, 05/15/25 | 12,500,000 | 12,203,639 |
0.25%, 05/31/25 | 11,700,000 | 11,020,890 |
2.88%, 05/31/25 | 5,788,000 | 5,656,990 |
4.25%, 05/31/25 | 12,300,000 | 12,256,052 |
2.88%, 06/15/25 | 13,500,000 | 13,197,068 |
0.25%, 06/30/25 | 11,500,000 | 10,803,301 |
2.75%, 06/30/25 | 5,988,000 | 5,842,990 |
4.63%, 06/30/25 | 12,000,000 | 12,029,778 |
3.00%, 07/15/25 | 13,000,000 | 12,720,221 |
0.25%, 07/31/25 | 13,100,000 | 12,271,573 |
2.88%, 07/31/25 | 6,386,000 | 6,234,844 |
4.75%, 07/31/25 | 12,500,000 | 12,558,850 |
2.00%, 08/15/25 | 14,168,000 | 13,637,843 |
3.13%, 08/15/25 | 9,300,000 | 9,116,379 |
0.25%, 08/31/25 | 14,400,000 | 13,449,146 |
2.75%, 08/31/25 | 6,236,000 | 6,072,196 |
5.00%, 08/31/25 | 14,000,000 | 14,131,807 |
3.50%, 09/15/25 | 11,500,000 | 11,332,910 |
0.25%, 09/30/25 | 16,100,000 | 14,997,902 |
3.00%, 09/30/25 | 5,682,000 | 5,553,390 |
5.00%, 09/30/25 | 14,000,000 | 14,144,659 |
4.25%, 10/15/25 | 13,000,000 | 12,979,195 |
0.25%, 10/31/25 | 14,800,000 | 13,752,204 |
3.00%, 10/31/25 | 5,688,000 | 5,557,587 |
5.00%, 10/31/25 | 14,000,000 | 14,161,337 |
2.25%, 11/15/25 | 15,072,000 | 14,520,968 |
4.50%, 11/15/25 | 13,000,000 | 13,047,493 |
0.38%, 11/30/25 | 14,600,000 | 13,561,801 |
2.88%, 11/30/25 | 5,682,000 | 5,537,298 |
4.88%, 11/30/25 | 17,000,000 | 17,178,978 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 12/15/25 | 12,100,000 | 12,038,571 |
0.38%, 12/31/25 | 15,000,000 | 13,906,115 |
2.63%, 12/31/25 | 6,486,000 | 6,287,888 |
4.25%, 12/31/25 | 18,000,000 | 18,000,708 |
3.88%, 01/15/26 | 11,200,000 | 11,118,203 |
0.38%, 01/31/26 | 17,000,000 | 15,708,469 |
2.63%, 01/31/26 | 6,938,000 | 6,722,830 |
1.63%, 02/15/26 | 14,672,000 | 13,910,937 |
4.00%, 02/15/26 | 14,000,000 | 13,940,956 |
0.50%, 02/28/26 | 16,000,000 | 14,790,067 |
2.50%, 02/28/26 | 5,976,000 | 5,769,190 |
4.63%, 03/15/26 | 11,500,000 | 11,602,433 |
0.75%, 03/31/26 | 16,000,000 | 14,853,816 |
2.25%, 03/31/26 | 6,286,000 | 6,032,369 |
3.75%, 04/15/26 | 13,000,000 | 12,881,703 |
0.75%, 04/30/26 | 15,800,000 | 14,620,623 |
2.38%, 04/30/26 | 5,084,000 | 4,886,811 |
1.63%, 05/15/26 | 14,685,000 | 13,862,464 |
3.63%, 05/15/26 | 11,000,000 | 10,875,412 |
0.75%, 05/31/26 | 17,000,000 | 15,697,849 |
2.13%, 05/31/26 | 7,388,000 | 7,056,718 |
4.13%, 06/15/26 | 12,000,000 | 12,000,956 |
0.88%, 06/30/26 | 14,500,000 | 13,413,132 |
1.88%, 06/30/26 | 5,984,000 | 5,676,874 |
4.50%, 07/15/26 | 11,000,000 | 11,104,427 |
0.63%, 07/31/26 | 16,000,000 | 14,658,829 |
1.88%, 07/31/26 | 6,284,000 | 5,947,486 |
1.50%, 08/15/26 | 14,724,000 | 13,785,981 |
4.38%, 08/15/26 | 11,000,000 | 11,076,930 |
0.75%, 08/31/26 | 19,700,000 | 18,067,922 |
1.38%, 08/31/26 | 6,486,000 | 6,048,983 |
4.63%, 09/15/26 | 13,000,000 | 13,182,321 |
0.88%, 09/30/26 | 15,700,000 | 14,425,066 |
1.63%, 09/30/26 | 4,990,000 | 4,680,485 |
4.63%, 10/15/26 | 15,000,000 | 15,226,778 |
1.13%, 10/31/26 | 16,500,000 | 15,227,131 |
1.63%, 10/31/26 | 6,584,000 | 6,166,356 |
2.00%, 11/15/26 | 14,032,000 | 13,270,711 |
4.63%, 11/15/26 | 16,000,000 | 16,256,896 |
1.25%, 11/30/26 | 16,000,000 | 14,797,557 |
1.63%, 11/30/26 | 6,286,000 | 5,877,431 |
4.38%, 12/15/26 | 15,000,000 | 15,151,758 |
1.25%, 12/31/26 | 17,000,000 | 15,699,134 |
1.75%, 12/31/26 | 6,990,000 | 6,551,772 |
1.50%, 01/31/27 | 22,000,000 | 20,432,513 |
2.25%, 02/15/27 | 12,626,000 | 11,989,765 |
1.13%, 02/28/27 | 4,300,000 | 3,940,376 |
1.88%, 02/28/27 | 15,000,000 | 14,068,346 |
0.63%, 03/31/27 | 5,600,000 | 5,035,175 |
2.50%, 03/31/27 | 14,000,000 | 13,386,366 |
0.50%, 04/30/27 | 8,350,000 | 7,457,237 |
2.75%, 04/30/27 | 13,000,000 | 12,508,886 |
2.38%, 05/15/27 | 15,420,000 | 14,650,726 |
0.50%, 05/31/27 | 8,700,000 | 7,748,053 |
2.63%, 05/31/27 | 13,250,000 | 12,687,311 |
0.50%, 06/30/27 | 9,400,000 | 8,350,515 |
3.25%, 06/30/27 | 13,500,000 | 13,196,664 |
0.38%, 07/31/27 | 11,600,000 | 10,232,830 |
2.75%, 07/31/27 | 13,000,000 | 12,480,902 |
2.25%, 08/15/27 | 11,272,000 | 10,632,120 |
0.50%, 08/31/27 | 10,500,000 | 9,279,687 |
3.13%, 08/31/27 | 12,500,000 | 12,152,213 |
0.38%, 09/30/27 | 13,000,000 | 11,406,853 |
4.13%, 09/30/27 | 12,500,000 | 12,583,824 |
0.50%, 10/31/27 | 12,200,000 | 10,728,702 |
4.13%, 10/31/27 | 12,000,000 | 12,079,043 |
2.25%, 11/15/27 | 12,474,000 | 11,731,717 |
0.63%, 11/30/27 | 13,500,000 | 11,900,907 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.88%, 11/30/27 | 12,000,000 | 11,975,898 |
0.63%, 12/31/27 | 15,000,000 | 13,193,912 |
3.88%, 12/31/27 | 12,000,000 | 11,983,844 |
0.75%, 01/31/28 | 17,700,000 | 15,609,586 |
3.50%, 01/31/28 | 12,000,000 | 11,814,157 |
2.75%, 02/15/28 | 16,322,000 | 15,604,423 |
1.13%, 02/29/28 | 18,000,000 | 16,096,313 |
4.00%, 02/29/28 | 12,000,000 | 12,041,945 |
1.25%, 03/31/28 | 16,500,000 | 14,802,624 |
3.63%, 03/31/28 | 13,500,000 | 13,354,160 |
1.25%, 04/30/28 | 19,000,000 | 17,013,502 |
3.50%, 04/30/28 | 14,300,000 | 14,076,228 |
2.88%, 05/15/28 | 17,770,000 | 17,045,592 |
1.25%, 05/31/28 | 17,005,000 | 15,197,168 |
3.63%, 05/31/28 | 11,500,000 | 11,381,115 |
1.25%, 06/30/28 | 16,500,000 | 14,718,116 |
4.00%, 06/30/28 | 12,100,000 | 12,158,749 |
1.00%, 07/31/28 | 17,500,000 | 15,394,096 |
4.13%, 07/31/28 | 12,000,000 | 12,124,823 |
2.88%, 08/15/28 | 18,368,000 | 17,581,835 |
1.13%, 08/31/28 | 15,500,000 | 13,688,030 |
4.38%, 08/31/28 | 14,000,000 | 14,300,910 |
1.25%, 09/30/28 | 16,000,000 | 14,183,306 |
4.63%, 09/30/28 | 13,000,000 | 13,421,069 |
1.38%, 10/31/28 | 16,500,000 | 14,689,673 |
4.88%, 10/31/28 | 15,000,000 | 15,658,667 |
3.13%, 11/15/28 | 16,714,000 | 16,151,970 |
1.50%, 11/30/28 | 16,000,000 | 14,307,008 |
4.38%, 11/30/28 | 19,000,000 | 19,446,124 |
1.38%, 12/31/28 | 16,000,000 | 14,198,864 |
3.75%, 12/31/28 | 17,000,000 | 16,926,746 |
1.75%, 01/31/29 | 14,800,000 | 13,357,087 |
2.63%, 02/15/29 | 17,166,000 | 16,171,647 |
1.88%, 02/28/29 | 14,000,000 | 12,699,046 |
2.38%, 03/31/29 | 14,400,000 | 13,374,595 |
2.88%, 04/30/29 | 12,500,000 | 11,896,971 |
2.38%, 05/15/29 | 14,358,000 | 13,318,168 |
2.75%, 05/31/29 | 12,000,000 | 11,336,702 |
3.25%, 06/30/29 | 11,000,000 | 10,653,629 |
2.63%, 07/31/29 | 11,500,000 | 10,775,828 |
1.63%, 08/15/29 | 8,166,000 | 7,270,275 |
3.13%, 08/31/29 | 10,500,000 | 10,091,021 |
3.88%, 09/30/29 | 8,500,000 | 8,487,646 |
4.00%, 10/31/29 | 8,000,000 | 8,042,419 |
1.75%, 11/15/29 | 7,266,000 | 6,488,548 |
3.88%, 11/30/29 | 8,000,000 | 7,989,909 |
3.88%, 12/31/29 | 7,500,000 | 7,489,941 |
3.50%, 01/31/30 | 7,000,000 | 6,849,800 |
1.50%, 02/15/30 | 15,898,000 | 13,857,829 |
4.00%, 02/28/30 | 10,000,000 | 10,054,151 |
3.63%, 03/31/30 | 10,500,000 | 10,342,338 |
3.50%, 04/30/30 | 8,200,000 | 8,017,926 |
0.63%, 05/15/30 | 21,705,000 | 17,746,166 |
3.75%, 05/31/30 | 8,500,000 | 8,428,453 |
3.75%, 06/30/30 | 10,750,000 | 10,658,236 |
4.00%, 07/31/30 | 8,000,000 | 8,047,959 |
0.63%, 08/15/30 | 30,000,000 | 24,351,174 |
4.13%, 08/31/30 | 9,500,000 | 9,623,730 |
4.63%, 09/30/30 | 10,500,000 | 10,950,900 |
4.88%, 10/31/30 | 9,800,000 | 10,371,644 |
0.88%, 11/15/30 | 29,500,000 | 24,249,416 |
4.38%, 11/30/30 | 11,000,000 | 11,318,514 |
3.88%, 12/31/30 | 12,000,000 | 11,906,426 |
1.13%, 02/15/31 | 26,000,000 | 21,711,482 |
1.63%, 05/15/31 | 28,500,000 | 24,455,824 |
1.25%, 08/15/31 | 31,900,000 | 26,418,818 |
1.38%, 11/15/31 | 30,800,000 | 25,589,518 |
1.88%, 02/15/32 | 33,200,000 | 28,558,610 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.88%, 05/15/32 | 28,750,000 | 26,657,635 |
2.75%, 08/15/32 | 31,500,000 | 28,865,371 |
4.13%, 11/15/32 | 31,000,000 | 31,528,634 |
3.50%, 02/15/33 | 34,500,000 | 33,473,863 |
3.38%, 05/15/33 | 35,800,000 | 34,379,495 |
3.88%, 08/15/33 | 38,000,000 | 37,976,531 |
4.50%, 11/15/33 | 26,500,000 | 27,839,204 |
Total Treasuries (Cost $3,174,533,787) | 3,135,044,046 | |
GOVERNMENT RELATED 4.8% OF NET ASSETS | ||
Agency 1.7% | ||
Foreign 0.7% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
1.50%, 02/12/25 | 700,000 | 675,365 |
0.38%, 09/17/25 | 350,000 | 326,633 |
4.63%, 11/03/25 | 375,000 | 375,907 |
0.50%, 02/02/26 | 925,000 | 855,040 |
3.63%, 09/09/27 | 100,000 | 98,540 |
4.25%, 03/01/28 | 500,000 | 503,375 |
2,834,860 | ||
Canada 0.0% | ||
Export Development Canada | ||
3.00%, 05/25/27 | 1,000,000 | 965,758 |
3.88%, 02/14/28 | 1,250,000 | 1,242,531 |
2,208,289 | ||
China 0.0% | ||
Industrial & Commercial Bank of China Ltd. | ||
3.54%, 11/08/27 | 300,000 | 289,572 |
Germany 0.3% | ||
Kreditanstalt fuer Wiederaufbau | ||
1.38%, 08/05/24(h) | 1,300,000 | 1,271,739 |
2.50%, 11/20/24(h) | 2,000,000 | 1,958,559 |
1.25%, 01/31/25(h) | 1,800,000 | 1,734,211 |
2.00%, 05/02/25(h) | 350,000 | 338,238 |
3.13%, 06/10/25(h) | 25,000 | 24,504 |
0.38%, 07/18/25(h) | 1,650,000 | 1,549,020 |
5.13%, 09/29/25(h) | 750,000 | 758,330 |
0.63%, 01/22/26(h) | 1,825,000 | 1,694,649 |
4.63%, 08/07/26(h) | 800,000 | 808,911 |
1.00%, 10/01/26(h) | 1,300,000 | 1,196,380 |
3.00%, 05/20/27(h) | 1,750,000 | 1,691,124 |
3.75%, 02/15/28(h) | 50,000 | 49,518 |
2.88%, 04/03/28(h) | 1,100,000 | 1,051,177 |
3.88%, 06/15/28(h) | 1,000,000 | 994,590 |
1.75%, 09/14/29(h) | 700,000 | 622,062 |
0.75%, 09/30/30(h) | 700,000 | 568,709 |
4.75%, 10/29/30(h) | 50,000 | 52,222 |
4.13%, 07/15/33(h) | 1,250,000 | 1,257,540 |
0.00%, 04/18/36(h)(i) | 485,000 | 291,249 |
0.00%, 06/29/37(h)(i) | 950,000 | 541,303 |
Landwirtschaftliche Rentenbank | ||
2.00%, 01/13/25(h) | 1,025,000 | 996,625 |
2.38%, 06/10/25(h) | 600,000 | 581,317 |
0.88%, 03/30/26(h) | 550,000 | 510,522 |
1.75%, 07/27/26(h) | 600,000 | 564,717 |
2.50%, 11/15/27(h) | 500,000 | 472,775 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.88%, 09/03/30(h) | 850,000 | 693,414 |
5.00%, 10/24/33(h) | 465,000 | 500,251 |
22,773,656 | ||
Japan 0.1% | ||
Japan Bank for International Cooperation | ||
2.13%, 02/10/25 | 130,000 | 126,112 |
2.88%, 04/14/25 | 200,000 | 195,054 |
2.50%, 05/28/25 | 200,000 | 193,643 |
0.63%, 07/15/25 | 700,000 | 657,315 |
1.88%, 07/21/26 | 350,000 | 328,040 |
2.25%, 11/04/26 | 1,200,000 | 1,129,488 |
2.88%, 06/01/27 | 1,000,000 | 953,365 |
2.88%, 07/21/27 | 750,000 | 714,361 |
4.38%, 10/05/27 | 550,000 | 551,577 |
2.75%, 11/16/27 | 875,000 | 826,386 |
3.25%, 07/20/28 | 420,000 | 401,804 |
3.50%, 10/31/28 | 450,000 | 434,090 |
2.13%, 02/16/29 | 515,000 | 462,527 |
2.00%, 10/17/29 | 700,000 | 616,580 |
1.25%, 01/21/31 | 550,000 | 446,638 |
1.88%, 04/15/31 | 1,050,000 | 887,309 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 187,587 |
2.75%, 04/27/27 | 700,000 | 663,629 |
3.38%, 06/12/28(c) | 475,000 | 455,902 |
1.00%, 07/22/30 | 370,000 | 298,775 |
1.75%, 04/28/31 | 350,000 | 291,297 |
10,821,479 | ||
Norway 0.1% | ||
Equinor ASA | ||
3.25%, 11/10/24 | 150,000 | 147,636 |
2.88%, 04/06/25(a) | 550,000 | 537,257 |
1.75%, 01/22/26(a) | 250,000 | 236,642 |
3.00%, 04/06/27(a) | 150,000 | 143,681 |
7.25%, 09/23/27 | 50,000 | 54,957 |
3.63%, 09/10/28(a) | 100,000 | 97,637 |
3.13%, 04/06/30(a) | 550,000 | 517,733 |
2.38%, 05/22/30(a) | 500,000 | 447,600 |
3.63%, 04/06/40(a) | 200,000 | 173,112 |
4.25%, 11/23/41 | 250,000 | 231,479 |
3.95%, 05/15/43 | 300,000 | 265,039 |
4.80%, 11/08/43 | 260,000 | 256,277 |
3.25%, 11/18/49(a) | 450,000 | 342,095 |
3.70%, 04/06/50(a) | 550,000 | 455,226 |
3,906,371 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
1.25%, 01/18/25 | 300,000 | 289,229 |
2.88%, 01/21/25 | 800,000 | 784,046 |
1.88%, 02/12/25 | 200,000 | 193,678 |
3.25%, 11/10/25 | 750,000 | 730,041 |
2.63%, 05/26/26 | 690,000 | 656,839 |
3.25%, 08/12/26 | 200,000 | 192,705 |
1.13%, 12/29/26 | 550,000 | 495,667 |
1.63%, 01/18/27 | 300,000 | 275,409 |
2.38%, 04/21/27 | 250,000 | 233,627 |
5.00%, 01/11/28 | 500,000 | 509,477 |
1.25%, 09/21/30 | 700,000 | 566,373 |
2.13%, 01/18/32 | 550,000 | 459,797 |
5.13%, 01/11/33 | 300,000 | 311,576 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Korea Development Bank | ||
3.38%, 09/16/25 | 500,000 | 488,168 |
3.00%, 01/13/26 | 200,000 | 193,315 |
0.80%, 07/19/26 | 550,000 | 498,155 |
1.00%, 09/09/26 | 250,000 | 226,711 |
2.00%, 09/12/26(c) | 350,000 | 326,051 |
5.38%, 10/23/26 | 400,000 | 407,617 |
4.38%, 02/15/28 | 400,000 | 399,061 |
1.63%, 01/19/31 | 450,000 | 370,759 |
2.00%, 10/25/31 | 250,000 | 207,950 |
4.25%, 09/08/32 | 200,000 | 195,163 |
9,011,414 | ||
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
0.38%, 03/11/24 | 200,000 | 198,095 |
0.38%, 07/30/24 | 550,000 | 534,893 |
0.63%, 05/14/25 | 750,000 | 709,259 |
0.50%, 08/26/25 | 550,000 | 514,325 |
2.25%, 03/22/27 | 450,000 | 423,276 |
4.13%, 06/14/28 | 900,000 | 899,323 |
4.88%, 10/04/30 | 700,000 | 725,441 |
4,004,612 | ||
55,850,253 | ||
U.S. 1.0% | ||
Federal Farm Credit Banks Funding Corp. | ||
1.75%, 02/14/25 | 2,000,000 | 1,937,264 |
4.88%, 11/13/25 | 1,000,000 | 1,008,826 |
3.88%, 02/02/26 | 500,000 | 495,012 |
4.50%, 08/14/26 | 2,000,000 | 2,017,645 |
Federal Home Loan Banks | ||
5.00%, 02/28/25 | 1,000,000 | 1,003,123 |
0.50%, 04/14/25 | 2,000,000 | 1,899,919 |
0.50%, 06/13/25 | 2,000,000 | 1,886,116 |
0.38%, 09/04/25 | 1,000,000 | 935,227 |
4.50%, 12/12/25 | 500,000 | 501,103 |
4.38%, 06/12/26 | 1,000,000 | 1,002,997 |
4.75%, 06/12/26 | 1,000,000 | 1,012,825 |
1.25%, 12/21/26 | 500,000 | 460,364 |
4.25%, 12/10/27 | 2,000,000 | 2,020,577 |
4.00%, 06/30/28 | 2,000,000 | 2,010,650 |
3.25%, 11/16/28 | 5,000,000 | 4,860,088 |
5.50%, 07/15/36 | 400,000 | 450,117 |
Federal Home Loan Mortgage Corp. | ||
1.50%, 02/12/25 | 5,000,000 | 4,828,093 |
0.38%, 07/21/25 | 4,000,000 | 3,759,899 |
0.38%, 09/23/25 | 6,000,000 | 5,602,284 |
6.75%, 09/15/29 | 500,000 | 570,642 |
6.75%, 03/15/31 | 1,564,000 | 1,823,931 |
6.25%, 07/15/32 | 700,000 | 812,853 |
Federal National Mortgage Association | ||
0.50%, 06/17/25 | 3,000,000 | 2,831,387 |
0.38%, 08/25/25 | 3,500,000 | 3,276,357 |
0.50%, 11/07/25 | 4,000,000 | 3,728,224 |
2.13%, 04/24/26 | 6,000,000 | 5,732,269 |
1.88%, 09/24/26 | 2,500,000 | 2,360,609 |
0.75%, 10/08/27 | 5,000,000 | 4,443,769 |
7.13%, 01/15/30 | 527,000 | 613,662 |
7.25%, 05/15/30 | 1,000,000 | 1,180,483 |
0.88%, 08/05/30 | 1,000,000 | 816,139 |
6.63%, 11/15/30 | 2,700,000 | 3,106,172 |
5.63%, 07/15/37 | 1,500,000 | 1,709,824 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tennessee Valley Authority | ||
6.75%, 11/01/25 | 488,000 | 507,515 |
2.88%, 02/01/27 | 500,000 | 481,826 |
5.25%, 09/15/39 | 750,000 | 797,936 |
4.63%, 09/15/60 | 100,000 | 98,177 |
72,583,904 | ||
128,434,157 | ||
Local Authority 0.8% | ||
Foreign 0.2% | ||
Canada 0.2% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 310,000 | 314,026 |
9.38%, 04/15/30 | 200,000 | 252,657 |
9.50%, 11/15/30 | 30,000 | 38,643 |
Province of Alberta | ||
1.00%, 05/20/25 | 765,000 | 726,968 |
3.30%, 03/15/28 | 400,000 | 386,746 |
1.30%, 07/22/30 | 700,000 | 583,701 |
Province of British Columbia | ||
1.75%, 09/27/24 | 100,000 | 97,603 |
2.25%, 06/02/26 | 500,000 | 476,686 |
0.90%, 07/20/26 | 600,000 | 551,507 |
4.80%, 11/15/28 | 200,000 | 206,017 |
1.30%, 01/29/31(c) | 700,000 | 579,746 |
7.25%, 09/01/36 | 395,000 | 499,733 |
Province of Manitoba | ||
2.13%, 06/22/26 | 325,000 | 308,388 |
1.50%, 10/25/28 | 100,000 | 88,587 |
4.30%, 07/27/33 | 200,000 | 199,066 |
Province of New Brunswick | ||
3.63%, 02/24/28 | 100,000 | 97,271 |
Province of Ontario | ||
0.63%, 01/21/26 | 950,000 | 880,306 |
1.05%, 04/14/26 | 775,000 | 720,037 |
2.50%, 04/27/26 | 600,000 | 575,747 |
2.30%, 06/15/26 | 550,000 | 524,477 |
3.10%, 05/19/27 | 350,000 | 338,068 |
1.05%, 05/21/27 | 400,000 | 360,861 |
2.00%, 10/02/29 | 485,000 | 432,893 |
1.13%, 10/07/30 | 575,000 | 471,853 |
1.60%, 02/25/31 | 500,000 | 420,662 |
1.80%, 10/14/31 | 650,000 | 547,483 |
2.13%, 01/21/32(c) | 375,000 | 321,140 |
Province of Quebec | ||
1.50%, 02/11/25 | 700,000 | 674,953 |
0.60%, 07/23/25 | 1,080,000 | 1,015,635 |
2.50%, 04/20/26 | 300,000 | 288,052 |
2.75%, 04/12/27 | 400,000 | 382,364 |
3.63%, 04/13/28 | 1,000,000 | 980,365 |
7.50%, 09/15/29 | 468,000 | 546,316 |
1.35%, 05/28/30 | 425,000 | 357,934 |
1.90%, 04/21/31 | 300,000 | 257,011 |
4.50%, 09/08/33 | 300,000 | 303,962 |
15,807,464 | ||
U.S. 0.6% | ||
Alabama Federal Aid Highway Finance Authority | ||
RB Series B | ||
2.65%, 09/01/37 (a) | 50,000 | 40,082 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Alameda County Joint Powers Authority | ||
RB (Build America Bonds) Series 2010 | ||
7.05%, 12/01/44 | 105,000 | 127,405 |
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 337,004 |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 500,000 | 582,648 |
RB (Build America Bonds) Series 2010S1 | ||
7.04%, 04/01/50 | 300,000 | 379,927 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 250,000 | 314,901 |
RB Sereis F3 | ||
3.13%, 04/01/55(a) | 165,000 | 116,748 |
Broward Cnty Airport System Revenue | ||
RB Series C | ||
3.48%, 10/01/43 (a) | 30,000 | 24,924 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 1,050,000 | 1,272,918 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 1,000,000 | 1,260,915 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 800,000 | 971,510 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 615,000 | 745,741 |
California Health Facilities Financing Authority | ||
4.19%, 06/01/37 (a) | 10,000 | 9,122 |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47(a) | 115,000 | 99,367 |
RB Series E | ||
2.90%, 11/01/51(a) | 100,000 | 73,158 |
Series B | ||
2.72%, 11/01/52 | 400,000 | 274,092 |
Central Puget Sound Regional Transit Authority | ||
RB (Build America Bonds) Series 2009-S | ||
5.49%, 11/01/39 | 15,000 | 16,195 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 150,000 | 172,058 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 142,651 |
Series C | ||
4.57%, 01/01/54 | 50,000 | 47,777 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 422,080 | 479,842 |
RB (Pension Funding) Series 2008B | ||
6.90%, 12/01/40 | 189,209 | 214,869 |
City of Atlanta GA Water & Wastewater Revenue | ||
2.26%, 11/01/35 (a) | 125,000 | 101,046 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 255,000 | 226,679 |
City of New York NY | ||
GO Bonds (Build America Bonds) Series C1 | ||
5.52%, 10/01/37 | 15,000 | 15,622 |
City of Riverside CA | ||
RB Series A | ||
3.86%, 06/01/45 (a) | 40,000 | 34,332 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 150,000 | 164,419 |
RB Series 2012 | ||
4.43%, 02/01/42 | 210,000 | 199,564 |
City of San Francisco CA Public Utilities Commission Water Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.95%, 11/01/50 | 150,000 | 179,956 |
City of Tucson AZ | ||
Series A, (AGM) | ||
2.86%, 07/01/47 | 560,000 | 413,770 |
Commonwealth Financing Authority | ||
RB Series A | ||
3.86%, 06/01/38 | 75,000 | 68,360 |
RB Series A | ||
2.99%, 06/01/42 | 20,000 | 15,568 |
Series A | ||
4.14%, 06/01/38 | 215,000 | 199,803 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 104,815 |
GO (Build America Bonds) Series 2010D | ||
4.50%, 08/01/31 | 400,000 | 397,248 |
RB Series B | ||
4.11%, 07/15/31 | 158,210 | 154,104 |
Series D | ||
2.66%, 09/01/39 | 142,099 | 114,462 |
Series D | ||
2.81%, 09/01/43 | 150,000 | 111,010 |
Series H | ||
2.90%, 09/01/49 | 300,000 | 215,418 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 200,000 | 214,494 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 400,000 | 428,127 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 350,000 | 431,038 |
County of Cook IL | ||
GO (Build America Bonds) Series D | ||
6.23%, 11/15/34 | 115,000 | 125,065 |
County of Miami-Dade FL Aviation Revenue | ||
RB Series C | ||
4.28%, 10/01/41 (a) | 35,000 | 31,566 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
County of Miami-Dade FL Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42 (a) | 200,000 | 167,122 |
Dallas Area Rapid Transit | ||
RB (Build America Bonds) Series 2010 | ||
5.02%, 12/01/48 | 250,000 | 249,005 |
Series B | ||
6.00%, 12/01/44 | 300,000 | 338,156 |
Dallas Convention Center Hotel Development Corp. | ||
7.09%, 01/01/42 | 105,000 | 120,136 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 150,000 | 160,973 |
Dallas Fort Worth International Airport | ||
RB Series 2020C | ||
2.92%, 11/01/50 | 150,000 | 110,985 |
RB Series A | ||
4.09%, 11/01/51 | 25,000 | 22,065 |
RB Series C | ||
2.84%, 11/01/46(a) | 35,000 | 26,344 |
Series A | ||
2.99%, 11/01/38 | 175,000 | 147,255 |
Series A | ||
3.14%, 11/01/45 | 105,000 | 82,123 |
Series C | ||
3.09%, 11/01/40(a) | 205,000 | 166,611 |
Dallas Independent School District | ||
GO (Build America Bonds) Series 2010C | ||
6.45%, 02/15/35 (a) | 350,000 | 351,206 |
District of Columbia Income Tax Revenue | ||
Series E | ||
5.59%, 12/01/34 | 350,000 | 369,652 |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 185,000 | 180,904 |
East Bay Municipal Utility District Water System Revenue | ||
Water System RB (Build America Bonds) Series 2010 | ||
5.87%, 06/01/40 | 50,000 | 55,162 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
4.09%, 01/15/49(a) | 130,000 | 108,868 |
Series A | ||
3.92%, 01/15/53(a) | 125,000 | 99,242 |
Golden State Tobacco Securitization Corp. | ||
RB Series B | ||
2.75%, 06/01/34(a) | 100,000 | 83,619 |
RB Series B | ||
3.00%, 06/01/46 | 155,000 | 142,324 |
RB Series B-1 | ||
3.85%, 06/01/50(a) | 70,000 | 65,007 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 200,000 | 206,879 |
Series B | ||
3.24%, 10/01/52(a) | 300,000 | 225,832 |
Great Lakes Water Authority Water Supply System Revenue | ||
RB Series C | ||
3.47%, 07/01/41 (a) | 275,000 | 235,283 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Illinois | ||
GO (Build America Bonds) Series 2010 | ||
6.63%, 02/01/35 | 138,462 | 145,541 |
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 318,461 | 337,108 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 2,145,000 | 2,123,422 |
Illinois State Toll Highway Authority | ||
RB (Build America Bonds) Series A | ||
6.18%, 01/01/34 | 30,000 | 32,964 |
Indiana Finance Authority | ||
3.05%, 01/01/51 | 60,000 | 45,444 |
JobsOhio Beverage System | ||
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 100,000 | 98,267 |
Series B | ||
4.53%, 01/01/35 | 200,000 | 197,314 |
Kansas Development Finance Authority | ||
RB Series H | ||
4.93%, 04/15/45 | 40,000 | 39,345 |
RB Series K | ||
2.77%, 05/01/51 | 30,000 | 21,621 |
Los Angeles Community College District | ||
GO (Build America Bonds) Series 2010 | ||
6.75%, 08/01/49 | 85,000 | 106,071 |
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 125,000 | 112,033 |
GO Bonds Series 2020 | ||
1.81%, 08/01/30 | 200,000 | 171,405 |
GO Bonds Series 2020 | ||
2.11%, 08/01/32(a) | 350,000 | 290,671 |
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | ||
5.74%, 06/01/39 | 230,000 | 242,934 |
Los Angeles Department of Water & Power Power System | ||
5.72%, 07/01/39 | 145,000 | 155,493 |
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 250,000 | 296,101 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.76%, 07/01/29 | 300,000 | 311,936 |
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 225,000 | 239,828 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 450,000 | 509,492 |
Louisiana Local Government Environmental Facilities & Community Development Authority | ||
RB Sereis A1 | ||
5.08%, 06/01/31(a) | 138,517 | 139,601 |
RB Series A | ||
3.62%, 02/01/29(a) | 51,628 | 50,494 |
RB Series A | ||
4.15%, 02/01/33(a) | 200,000 | 193,474 |
Louisville and Jefferson County Metropolitan Sewer District | ||
RB (Build America Bonds) | ||
6.25%, 05/15/43 | 100,000 | 115,115 |
Maryland Health & Higher Educational Facilities Authority | ||
RB Series D | ||
3.05%, 07/01/40(a) | 100,000 | 78,256 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
RB Series D | ||
3.20%, 07/01/50 | 100,000 | 72,418 |
Massachusetts School Building Authority | ||
5.72%, 08/15/39 | 50,000 | 53,524 |
RB Series B | ||
1.75%, 08/15/30 | 550,000 | 472,255 |
RB Series B | ||
3.40%, 10/15/40(a) | 250,000 | 214,658 |
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 | 195,990 |
Metropolitan Government of Nashville & Davidson County Convention Center Auth | ||
RB (Build America Bonds) Series B | ||
6.73%, 07/01/43 | 10,000 | 11,369 |
Metropolitan Transportation Authority | ||
6.67%, 11/15/39 | 40,000 | 44,072 |
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 350,000 | 434,476 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 450,000 | 501,013 |
Metropolitan Washington Airports Authority Dulles Toll Road Revenue | ||
RB (Build America Bonds) Series B | ||
7.46%, 10/01/46 | 75,000 | 95,264 |
Metropolitan Water Reclamation District of Greater Chicago | ||
5.72%, 12/01/38 | 250,000 | 267,084 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 350,000 | 293,072 |
Michigan State Building Authority | ||
RB Series 2020 | ||
2.71%, 10/15/40 (a) | 250,000 | 194,427 |
Michigan State University | ||
RB Series A | ||
4.50%, 08/15/48 (a) | 25,000 | 23,830 |
Missouri Health & Educational Facilities Authority | ||
RB Series 2017A | ||
3.65%, 08/15/57 (a) | 120,000 | 95,462 |
Municipal Electric Authority of Georgia | ||
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 250,000 | 291,399 |
RB (Build America Bonds) Series A | ||
6.64%, 04/01/57 | 247,000 | 282,810 |
RB Series B | ||
7.06%, 04/01/57 | 35,000 | 39,062 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 516,000 | 557,859 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 200,000 | 204,397 |
RB (Build America Bonds) Series B | ||
6.56%, 12/15/40 | 50,000 | 56,421 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 500,000 | 625,589 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 650,000 | 791,929 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2011A1 | ||
5.51%, 08/01/37 | 450,000 | 465,152 |
New York City Water & Sewer System | ||
RB (Build America Bonds) Series GG | ||
5.72%, 06/15/42 | 100,000 | 109,296 |
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 282,116 |
Water System RB (Build America Bonds) Series 2009 | ||
5.75%, 06/15/41 | 300,000 | 329,643 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 250,000 | 278,485 |
New York State Dormitory Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 200,000 | 212,077 |
RB Series 2009F | ||
5.63%, 03/15/39 | 200,000 | 208,551 |
New York State Thruway Authority | ||
RB Series M | ||
3.50%, 01/01/42(a) | 115,000 | 98,481 |
Series M | ||
2.90%, 01/01/35 | 150,000 | 129,734 |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 385,000 | 398,763 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 350,000 | 426,513 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 650,000 | 652,292 |
Ohio Turnpike & Infrastructure Commission | ||
RB Series A | ||
3.22%, 02/15/48 (a) | 100,000 | 75,565 |
Oklahoma Development Finance Authority | ||
4.38%, 11/01/45(a) | 45,000 | 42,833 |
4.71%, 05/01/52(a) | 150,000 | 146,531 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 300,000 | 307,641 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 500,000 | 510,278 |
Oregon State University | ||
3.42%, 03/01/60 (a) | 270,000 | 202,826 |
Port Authority of New York & New Jersey | ||
5.31%, 08/01/46(a) | 380,000 | 378,272 |
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 240,000 | 258,763 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 200,000 | 215,484 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 500,000 | 498,417 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 950,000 | 866,424 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 200,000 | 198,643 |
Regents of the University of California Medical Center Pooled Revenue | ||
RB (Build America Bonds) Series F | ||
6.58%, 05/15/49 | 310,000 | 361,807 |
RB (Build America Bonds) Series H | ||
6.55%, 05/15/48 | 100,000 | 117,026 |
Series N | ||
3.01%, 05/15/50(a) | 235,000 | 164,495 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 200,000 | 221,450 |
Rutgers The State University of New Jersey | ||
RB (Build America Bonds) Series H | ||
5.67%, 05/01/40 | 30,000 | 31,990 |
Series P | ||
3.92%, 05/01/19(a) | 150,000 | 109,970 |
Series R | ||
3.27%, 05/01/43 | 100,000 | 80,640 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 300,000 | 258,699 |
RB Series B | ||
3.24%, 01/01/42 | 150,000 | 123,241 |
RB Series B | ||
3.82%, 01/01/48 | 250,000 | 206,540 |
Salt River Project Agricultural Improvement & Power District | ||
RB (Build America Bonds) Series 2010 | ||
4.84%, 01/01/41 | 75,000 | 74,249 |
San Diego County Regional Transportation Commission | ||
RB (Build America Bonds) Series 2010A | ||
5.91%, 04/01/48 | 300,000 | 333,698 |
San Diego County Water Authority., Class B | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 350,000 | 394,836 |
San Joaquin Hills Transportation Corridor Agency | ||
RB Series B | ||
3.49%, 01/15/50 (a) | 240,000 | 183,094 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 425,000 | 384,613 |
State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 350,000 | 332,266 |
Series A | ||
1.71%, 07/01/27 | 350,000 | 317,557 |
Series A | ||
2.15%, 07/01/30 | 350,000 | 298,636 |
State of California | ||
2.38%, 10/01/26 | 175,000 | 165,831 |
1.70%, 02/01/28 | 100,000 | 90,581 |
4.50%, 04/01/33(a) | 15,000 | 14,705 |
7.63%, 03/01/40 | 100,000 | 125,841 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.20%, 03/01/43(a) | 200,000 | 200,370 |
GO Bonds | ||
7.60%, 11/01/40 | 300,000 | 385,130 |
GO Bonds Series B | ||
2.65%, 04/01/26 | 40,000 | 38,463 |
State of Illinois | ||
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 214,285 | 232,802 |
State of Louisiana Gasoline and Fuels Tax Revenue | ||
RB Series A | ||
2.95%, 05/01/41 | 30,000 | 23,704 |
State of Mississippi | ||
GO Bonds (Build America Bonds) Series F | ||
5.25%, 11/01/34 | 75,000 | 77,737 |
State of Oregon Department of Transportation | ||
RB (Build America Bonds) Series 2010A | ||
5.83%, 11/15/34 | 135,000 | 147,290 |
State of Wisconsin | ||
RB Series A | ||
3.95%, 05/01/36 (a) | 200,000 | 185,981 |
State Public School Building Auth | ||
RB Series A | ||
5.00%, 09/15/27 | 10,000 | 10,068 |
Texas | ||
GO (Build America Bonds) Series 2010A | ||
4.68%, 04/01/40 | 200,000 | 198,970 |
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 500,000 | 538,182 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 430,000 | 351,768 |
Texas Transportation Commission | ||
GO Bonds Series 2020 | ||
2.47%, 10/01/44(a) | 465,000 | 333,573 |
RB (Build America Bonds) Series B | ||
5.18%, 04/01/30 | 130,000 | 133,108 |
University of California | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 300,000 | 325,233 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 300,000 | 272,582 |
RB Series AD | ||
4.86%, 05/15/12 | 400,000 | 372,243 |
RB Series AS | ||
5.95%, 05/15/45 | 250,000 | 274,607 |
RB Series BG | ||
1.32%, 05/15/27(a) | 100,000 | 90,478 |
RB Series BG | ||
1.61%, 05/15/30(a) | 250,000 | 209,872 |
RB Series BJ | ||
3.07%, 05/15/51(a) | 250,000 | 173,851 |
University of Michigan | ||
RB Series C | ||
3.60%, 04/01/47 | 130,000 | 113,981 |
Series B | ||
2.44%, 04/01/40(a) | 430,000 | 324,205 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 250,000 | 173,146 |
University of Texas System | ||
RB (Build America Bonds) Series C | ||
4.79%, 08/15/46 | 60,000 | 60,082 |
University of Virginia | ||
General Revenue Pledge and Refunding Bonds, Series 2020 | ||
2.26%, 09/01/50(a) | 400,000 | 251,815 |
Series B | ||
2.58%, 11/01/51(a) | 325,000 | 217,950 |
Series C | ||
4.18%, 09/01/17(a) | 150,000 | 124,477 |
Utah | ||
GO (Build America Bonds) Series B | ||
3.54%, 07/01/25 | 104,803 | 103,690 |
GO (Build America Bonds) Series D | ||
4.55%, 07/01/24 | 75,000 | 74,893 |
Wisconsin | ||
RB Series A | ||
5.70%, 05/01/26 | 280,000 | 282,774 |
45,224,953 | ||
61,032,417 | ||
Sovereign 1.0% | ||
Canada 0.1% | ||
Canada Government International Bonds | ||
1.63%, 01/22/25 | 450,000 | 436,184 |
2.88%, 04/28/25 | 1,250,000 | 1,222,659 |
0.75%, 05/19/26 | 850,000 | 784,970 |
3.75%, 04/26/28 | 1,340,000 | 1,329,231 |
3,773,044 | ||
Chile 0.1% | ||
Chile Government International Bonds | ||
3.13%, 01/21/26 | 200,000 | 194,247 |
2.75%, 01/31/27(a) | 500,000 | 472,714 |
3.24%, 02/06/28(a) | 550,000 | 524,540 |
2.45%, 01/31/31(a) | 650,000 | 566,672 |
2.55%, 01/27/32(a) | 600,000 | 516,223 |
2.55%, 07/27/33(a) | 620,000 | 513,238 |
3.50%, 01/31/34(a) | 500,000 | 446,469 |
4.95%, 01/05/36(a) | 750,843 | 742,475 |
3.10%, 05/07/41(a) | 470,000 | 357,388 |
4.34%, 03/07/42(a) | 250,000 | 223,569 |
3.63%, 10/30/42 | 100,000 | 81,105 |
3.50%, 01/25/50(a) | 750,000 | 570,360 |
4.00%, 01/31/52(a) | 350,000 | 288,270 |
5.33%, 01/05/54(a) | 200,000 | 198,983 |
3.10%, 01/22/61(a) | 650,000 | 435,443 |
3.25%, 09/21/71(a) | 350,000 | 234,458 |
6,366,154 | ||
Hungary 0.0% | ||
Hungary Government International Bonds | ||
7.63%, 03/29/41 | 500,000 | 597,154 |
Indonesia 0.1% | ||
Indonesia Government International Bonds | ||
3.50%, 01/11/28 | 700,000 | 671,943 |
4.55%, 01/11/28(a) | 200,000 | 200,073 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.10%, 04/24/28 | 300,000 | 294,803 |
4.75%, 02/11/29 | 400,000 | 404,259 |
3.40%, 09/18/29 | 200,000 | 188,179 |
2.85%, 02/14/30 | 600,000 | 544,084 |
3.85%, 10/15/30 | 600,000 | 573,545 |
1.85%, 03/12/31(c) | 425,000 | 354,652 |
3.55%, 03/31/32(a) | 350,000 | 324,527 |
4.65%, 09/20/32(a) | 275,000 | 275,810 |
4.35%, 01/11/48 | 700,000 | 650,239 |
5.35%, 02/11/49 | 300,000 | 319,302 |
3.70%, 10/30/49 | 250,000 | 209,901 |
3.50%, 02/14/50(c) | 500,000 | 403,659 |
4.20%, 10/15/50 | 800,000 | 721,178 |
3.05%, 03/12/51 | 350,000 | 268,166 |
3.20%, 09/23/61(a) | 100,000 | 72,494 |
4.45%, 04/15/70 | 450,000 | 406,339 |
3.35%, 03/12/71 | 350,000 | 257,424 |
7,140,577 | ||
Israel 0.1% | ||
Israel Government International Bonds | ||
2.88%, 03/16/26 | 400,000 | 381,430 |
3.25%, 01/17/28 | 300,000 | 280,560 |
2.75%, 07/03/30 | 1,050,000 | 928,100 |
4.50%, 01/30/43 | 400,000 | 353,084 |
4.13%, 01/17/48 | 250,000 | 202,321 |
3.88%, 07/03/50 | 650,000 | 501,868 |
4.50%, 04/03/20 | 300,000 | 234,742 |
State of Israel | ||
2.50%, 01/15/30 | 400,000 | 348,911 |
3.38%, 01/15/50 | 600,000 | 426,008 |
3,657,024 | ||
Italy 0.0% | ||
Republic of Italy Government International Bonds | ||
1.25%, 02/17/26 | 850,000 | 786,671 |
2.88%, 10/17/29 | 700,000 | 628,050 |
5.38%, 06/15/33 | 704,000 | 708,438 |
4.00%, 10/17/49 | 735,000 | 556,420 |
3.88%, 05/06/51 | 650,000 | 466,618 |
3,146,197 | ||
Mexico 0.2% | ||
Mexico Government International Bonds | ||
3.90%, 04/27/25(a)(c) | 200,000 | 198,312 |
4.13%, 01/21/26 | 750,000 | 745,791 |
4.15%, 03/28/27 | 885,000 | 878,357 |
3.75%, 01/11/28 | 425,000 | 410,759 |
5.40%, 02/09/28(a) | 450,000 | 461,874 |
4.50%, 04/22/29 | 1,150,000 | 1,136,464 |
3.25%, 04/16/30(a) | 800,000 | 725,906 |
2.66%, 05/24/31(a) | 1,050,000 | 889,016 |
8.30%, 08/15/31 | 450,000 | 546,554 |
4.75%, 04/27/32(a) | 700,000 | 675,039 |
7.50%, 04/08/33 | 250,000 | 287,099 |
3.50%, 02/12/34(a) | 815,000 | 691,102 |
6.75%, 09/27/34 | 650,000 | 705,021 |
6.05%, 01/11/40 | 850,000 | 859,720 |
4.28%, 08/14/41(a) | 800,000 | 663,033 |
4.75%, 03/08/44 | 1,225,000 | 1,052,955 |
5.55%, 01/21/45 | 850,000 | 813,415 |
4.60%, 01/23/46 | 800,000 | 668,010 |
4.35%, 01/15/47 | 450,000 | 362,798 |
4.60%, 02/10/48 | 700,000 | 578,660 |
4.50%, 01/31/50(a) | 725,000 | 593,234 |
5.00%, 04/27/51(a) | 1,000,000 | 869,739 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.34%, 05/04/53(a) | 200,000 | 204,000 |
3.77%, 05/24/61(a) | 1,075,000 | 730,492 |
5.75%, 10/12/10 | 1,050,000 | 941,652 |
16,689,002 | ||
Panama 0.1% | ||
Panama Government International Bonds | ||
3.75%, 03/16/25(a) | 500,000 | 486,885 |
7.13%, 01/29/26 | 400,000 | 410,003 |
8.88%, 09/30/27 | 425,000 | 464,141 |
3.88%, 03/17/28(a) | 400,000 | 370,122 |
9.38%, 04/01/29 | 400,000 | 455,103 |
3.16%, 01/23/30(a) | 525,000 | 448,646 |
2.25%, 09/29/32(a) | 850,000 | 623,225 |
6.40%, 02/14/35(a) | 500,000 | 488,664 |
6.70%, 01/26/36 | 650,000 | 646,346 |
6.88%, 01/31/36(a) | 200,000 | 199,993 |
4.50%, 05/15/47 | 400,000 | 284,461 |
4.50%, 04/16/50(a) | 800,000 | 556,110 |
4.30%, 04/29/53 | 700,000 | 470,051 |
4.50%, 04/01/56(a) | 700,000 | 471,718 |
3.87%, 07/23/60(a) | 1,025,000 | 615,390 |
4.50%, 01/19/63(a) | 475,000 | 312,247 |
7,303,105 | ||
Peru 0.1% | ||
Peru Government International Bonds | ||
7.35%, 07/21/25 | 100,000 | 103,443 |
4.13%, 08/25/27 | 325,000 | 319,115 |
2.84%, 06/20/30 | 300,000 | 266,774 |
2.78%, 01/23/31(a) | 1,200,000 | 1,046,751 |
1.86%, 12/01/32(a) | 425,000 | 333,281 |
8.75%, 11/21/33 | 450,000 | 566,375 |
3.00%, 01/15/34(a) | 550,000 | 464,817 |
6.55%, 03/14/37 | 400,000 | 446,127 |
3.30%, 03/11/41(a) | 375,000 | 291,760 |
5.63%, 11/18/50 | 700,000 | 730,684 |
3.55%, 03/10/51(a) | 400,000 | 303,775 |
2.78%, 12/01/60(a) | 600,000 | 374,820 |
3.60%, 01/15/72(a) | 250,000 | 176,471 |
3.23%, 07/28/21(a) | 350,000 | 218,076 |
5,642,269 | ||
Philippines 0.1% | ||
Philippines Government International Bonds | ||
10.63%, 03/16/25 | 570,000 | 608,447 |
5.50%, 03/30/26 | 425,000 | 433,027 |
3.00%, 02/01/28 | 650,000 | 613,998 |
4.63%, 07/17/28 | 200,000 | 201,198 |
3.75%, 01/14/29 | 425,000 | 409,985 |
9.50%, 02/02/30 | 775,000 | 975,301 |
2.46%, 05/05/30 | 350,000 | 310,739 |
7.75%, 01/14/31 | 750,000 | 891,489 |
1.65%, 06/10/31 | 400,000 | 329,108 |
1.95%, 01/06/32 | 50,000 | 41,395 |
6.38%, 01/15/32 | 350,000 | 391,455 |
3.56%, 09/29/32 | 200,000 | 185,314 |
5.00%, 07/17/33 | 400,000 | 412,131 |
6.38%, 10/23/34 | 700,000 | 793,355 |
5.00%, 01/13/37 | 500,000 | 512,766 |
3.95%, 01/20/40 | 725,000 | 657,774 |
3.70%, 03/01/41 | 500,000 | 430,757 |
3.70%, 02/02/42 | 650,000 | 558,762 |
2.95%, 05/05/45 | 650,000 | 489,399 |
2.65%, 12/10/45 | 600,000 | 428,000 |
4.20%, 03/29/47 | 100,000 | 89,169 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.95%, 10/13/47 | 275,000 | 306,914 |
5.50%, 01/17/48 | 250,000 | 263,982 |
10,334,465 | ||
Poland 0.0% | ||
Republic of Poland Government International Bonds | ||
3.25%, 04/06/26 | 549,000 | 532,987 |
5.75%, 11/16/32(a) | 600,000 | 648,871 |
4.88%, 10/04/33(a) | 800,000 | 810,515 |
5.50%, 04/04/53(a) | 825,000 | 860,810 |
2,853,183 | ||
Republic of Korea 0.0% | ||
Korea International Bonds | ||
2.75%, 01/19/27 | 270,000 | 258,642 |
3.50%, 09/20/28 | 200,000 | 194,166 |
2.50%, 06/19/29 | 475,000 | 437,587 |
1.00%, 09/16/30 | 395,000 | 322,510 |
1.75%, 10/15/31 | 200,000 | 168,082 |
3.88%, 09/20/48 | 200,000 | 176,369 |
1,557,356 | ||
Uruguay 0.1% | ||
Uruguay Government International Bonds | ||
4.38%, 10/27/27 | 550,000 | 554,568 |
4.38%, 01/23/31(a) | 950,000 | 943,199 |
5.75%, 10/28/34(a) | 50,000 | 54,262 |
7.63%, 03/21/36 | 425,000 | 529,796 |
4.13%, 11/20/45 | 300,000 | 272,696 |
5.10%, 06/18/50 | 1,000,000 | 1,004,267 |
4.98%, 04/20/55 | 850,000 | 829,336 |
4,188,124 | ||
73,247,654 | ||
Supranational* 1.3% | ||
African Development Bank | ||
3.38%, 07/07/25 | 465,000 | 457,174 |
0.88%, 03/23/26 | 100,000 | 92,868 |
0.88%, 07/22/26 | 900,000 | 828,081 |
4.38%, 11/03/27 | 500,000 | 505,541 |
4.38%, 03/14/28 | 625,000 | 632,967 |
Arab Petroleum Investments Corp. | ||
1.48%, 10/06/26 (c)(d) | 125,000 | 113,928 |
Asian Development Bank | ||
0.63%, 10/08/24 | 175,000 | 169,305 |
2.00%, 01/22/25 | 1,350,000 | 1,311,856 |
0.63%, 04/29/25 | 1,220,000 | 1,158,123 |
0.38%, 09/03/25 | 950,000 | 887,981 |
4.25%, 01/09/26 | 1,025,000 | 1,024,382 |
0.50%, 02/04/26 | 1,150,000 | 1,063,767 |
1.00%, 04/14/26 | 1,755,000 | 1,632,557 |
2.00%, 04/24/26 | 500,000 | 475,535 |
2.63%, 01/12/27 | 1,000,000 | 957,866 |
1.50%, 01/20/27 | 1,250,000 | 1,157,463 |
3.13%, 08/20/27 | 650,000 | 629,888 |
2.50%, 11/02/27 | 1,038,000 | 981,666 |
2.75%, 01/19/28 | 525,000 | 499,938 |
3.75%, 04/25/28 | 250,000 | 247,283 |
1.25%, 06/09/28 | 300,000 | 266,456 |
5.82%, 06/16/28 | 525,000 | 561,429 |
4.50%, 08/25/28 | 750,000 | 765,438 |
1.88%, 03/15/29 | 550,000 | 495,668 |
1.75%, 09/19/29 | 1,150,000 | 1,019,978 |
1.88%, 01/24/30 | 1,200,000 | 1,061,641 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.75%, 10/08/30 | 1,150,000 | 928,584 |
1.50%, 03/04/31 | 500,000 | 422,249 |
3.13%, 04/27/32 | 200,000 | 187,226 |
3.88%, 09/28/32 | 500,000 | 493,555 |
4.00%, 01/12/33 | 300,000 | 299,111 |
3.88%, 06/14/33 | 100,000 | 98,631 |
Asian Infrastructure Investment Bank | ||
0.50%, 05/28/25 | 1,125,000 | 1,062,116 |
0.50%, 01/27/26 | 1,225,000 | 1,132,049 |
3.75%, 09/14/27 | 500,000 | 493,718 |
4.00%, 01/18/28 | 630,000 | 626,897 |
Corp. Andina de Fomento | ||
1.63%, 09/23/25 | 1,000,000 | 942,982 |
5.25%, 11/21/25 | 100,000 | 100,202 |
2.25%, 02/08/27 | 250,000 | 230,913 |
6.00%, 04/26/27 | 500,000 | 517,502 |
Council of Europe Development Bank | ||
1.38%, 02/27/25 | 350,000 | 336,855 |
3.00%, 06/16/25 | 525,000 | 513,058 |
3.75%, 05/25/26 | 50,000 | 49,463 |
0.88%, 09/22/26 | 525,000 | 480,740 |
European Bank for Reconstruction & Development | ||
1.50%, 02/13/25 | 25,000 | 24,127 |
0.50%, 05/19/25 | 1,295,000 | 1,224,191 |
0.50%, 11/25/25 | 750,000 | 697,303 |
0.50%, 01/28/26 | 850,000 | 786,746 |
4.38%, 03/09/28 | 750,000 | 760,731 |
European Investment Bank | ||
1.88%, 02/10/25 | 1,200,000 | 1,164,030 |
1.63%, 03/14/25 | 2,125,000 | 2,050,866 |
0.63%, 07/25/25 | 1,075,000 | 1,012,944 |
0.38%, 12/15/25 | 90,000 | 83,402 |
0.38%, 03/26/26 | 1,525,000 | 1,401,829 |
2.13%, 04/13/26 | 800,000 | 764,065 |
0.75%, 10/26/26 | 625,000 | 569,965 |
1.38%, 03/15/27 | 1,425,000 | 1,311,193 |
2.38%, 05/24/27 | 667,000 | 632,126 |
0.63%, 10/21/27 | 225,000 | 198,371 |
3.25%, 11/15/27 | 2,150,000 | 2,092,182 |
3.88%, 03/15/28 | 325,000 | 323,660 |
1.75%, 03/15/29 | 1,050,000 | 941,790 |
1.63%, 10/09/29 | 230,000 | 202,514 |
0.88%, 05/17/30 | 255,000 | 210,820 |
3.63%, 07/15/30 | 1,200,000 | 1,174,629 |
0.75%, 09/23/30 | 300,000 | 243,949 |
1.25%, 02/14/31(c) | 1,900,000 | 1,588,141 |
1.63%, 05/13/31 | 500,000 | 427,019 |
3.75%, 02/14/33 | 1,600,000 | 1,570,852 |
4.88%, 02/15/36 | 450,000 | 481,972 |
Inter-American Development Bank | ||
3.00%, 02/21/24 | 250,000 | 249,156 |
2.13%, 01/15/25 | 1,400,000 | 1,363,061 |
1.75%, 03/14/25 | 1,350,000 | 1,304,242 |
0.88%, 04/03/25 | 835,000 | 796,776 |
0.63%, 07/15/25 | 950,000 | 895,585 |
0.88%, 04/20/26 | 1,525,000 | 1,414,581 |
2.00%, 06/02/26 | 550,000 | 522,230 |
2.00%, 07/23/26 | 700,000 | 663,166 |
2.38%, 07/07/27 | 1,200,000 | 1,134,904 |
0.63%, 09/16/27 | 750,000 | 663,287 |
1.13%, 07/20/28 | 950,000 | 836,883 |
3.13%, 09/18/28 | 1,700,000 | 1,636,433 |
2.25%, 06/18/29 | 1,400,000 | 1,280,419 |
1.13%, 01/13/31 | 700,000 | 578,070 |
3.50%, 04/12/33 | 750,000 | 718,115 |
3.88%, 10/28/41 | 150,000 | 138,860 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.20%, 08/07/42 | 200,000 | 167,816 |
4.38%, 01/24/44 | 350,000 | 345,274 |
Inter-American Investment Corp. | ||
2.63%, 04/22/25 | 500,000 | 486,603 |
4.13%, 02/15/28 | 500,000 | 499,556 |
International Bank for Reconstruction & Development | ||
2.50%, 11/25/24 | 650,000 | 636,412 |
1.63%, 01/15/25 | 1,550,000 | 1,501,416 |
2.13%, 03/03/25 | 100,000 | 97,129 |
0.75%, 03/11/25 | 1,650,000 | 1,575,869 |
0.63%, 04/22/25 | 2,975,000 | 2,827,308 |
0.38%, 07/28/25 | 200,000 | 187,595 |
2.50%, 07/29/25 | 2,375,000 | 2,303,771 |
0.50%, 10/28/25 | 2,310,000 | 2,153,638 |
3.13%, 11/20/25 | 450,000 | 439,755 |
0.88%, 07/15/26 | 750,000 | 691,202 |
1.88%, 10/27/26 | 275,000 | 258,683 |
3.13%, 06/15/27 | 500,000 | 484,916 |
2.50%, 11/22/27 | 540,000 | 510,362 |
0.75%, 11/24/27 | 1,875,000 | 1,655,062 |
1.38%, 04/20/28 | 1,525,000 | 1,367,415 |
3.50%, 07/12/28 | 1,000,000 | 979,624 |
4.63%, 08/01/28 | 750,000 | 769,500 |
1.13%, 09/13/28 | 1,000,000 | 877,920 |
3.63%, 09/21/29 | 25,000 | 24,543 |
1.75%, 10/23/29 | 1,050,000 | 928,461 |
3.88%, 02/14/30 | 1,000,000 | 992,659 |
0.88%, 05/14/30 | 2,000,000 | 1,647,938 |
4.00%, 07/25/30 | 350,000 | 349,624 |
0.75%, 08/26/30 | 1,200,000 | 972,083 |
1.25%, 02/10/31 | 1,225,000 | 1,018,879 |
1.63%, 11/03/31 | 1,200,000 | 1,011,229 |
2.50%, 03/29/32 | 1,000,000 | 895,200 |
4.75%, 02/15/35 | 600,000 | 626,454 |
International Finance Corp. | ||
0.38%, 07/16/25 | 675,000 | 633,958 |
3.63%, 09/15/25 | 440,000 | 434,111 |
2.13%, 04/07/26 | 50,000 | 47,756 |
0.75%, 10/08/26 | 825,000 | 753,183 |
0.75%, 08/27/30 | 1,200,000 | 973,568 |
Nordic Investment Bank | ||
2.63%, 04/04/25 | 500,000 | 487,596 |
0.38%, 09/11/25 | 750,000 | 700,828 |
0.50%, 01/21/26 | 250,000 | 231,539 |
3.38%, 09/08/27 | 150,000 | 146,618 |
4.38%, 03/14/28 | 500,000 | 506,647 |
98,249,515 | ||
Total Government Related (Cost $391,862,589) | 360,963,743 | |
SECURITIZED 28.6% OF NET ASSETS | ||
Asset-Backed Securities 0.0% | ||
Credit Card 0.0% | ||
Capital One Multi-Asset Execution Trust | ||
Series 2019-A3, Class A3 | ||
2.06%, 08/15/28 (a) | 2,000,000 | 1,873,426 |
Electric 0.0% | ||
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/32 | 123,492 | 119,031 |
4.26%, 06/01/38 | 150,000 | 143,203 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.45%, 12/01/49 | 400,000 | 363,952 |
4.67%, 12/01/53 | 275,000 | 259,114 |
885,300 | ||
Utilities 0.0% | ||
Duke Energy Florida Project Finance LLC | ||
2.54%, 09/01/31 | 300,493 | 281,561 |
Duke Energy Progress NC Storm Funding LLC | ||
2.39%, 07/01/39 | 125,000 | 102,265 |
PG&E Energy Recovery Funding LLC | ||
2.82%, 07/15/48 | 100,000 | 72,848 |
PG&E Wildfire Recovery Funding LLC | ||
4.38%, 06/03/41 | 125,000 | 117,618 |
5.10%, 06/01/54 | 300,000 | 301,627 |
875,919 | ||
3,634,645 | ||
Commercial Mortgage-Backed Security 2.0% | ||
Bank | ||
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60(a) | 1,000,000 | 941,635 |
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50(a) | 600,000 | 554,272 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54(a) | 1,000,000 | 943,253 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61(a) | 800,000 | 703,436 |
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63(a) | 700,000 | 598,414 |
BBCMS Mortgage Trust | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51(a) | 1,150,000 | 1,094,749 |
Series 2022-C15, Class A5 | ||
3.66%, 04/15/55(a) | 3,145,000 | 2,850,811 |
Benchmark Mortgage Trust | ||
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52(a) | 1,875,000 | 1,689,876 |
Series 2019-B13, Class A4 | ||
2.95%, 08/15/57(a) | 2,600,000 | 2,329,077 |
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52(a) | 2,600,000 | 2,424,941 |
Series 2020-B16, Class A5 | ||
2.73%, 02/15/53(a) | 1,073,000 | 941,524 |
Series 2020-B18, Class A5 | ||
1.93%, 07/15/53(a) | 1,845,000 | 1,494,813 |
CD Mortgage Trust | ||
Series 2017-CD3, Class A4 | ||
3.63%, 02/10/50 (a) | 1,715,000 | 1,594,125 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48(a) | 5,325,000 | 5,120,297 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58(a) | 1,000,000 | 948,262 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54(a) | 3,625,000 | 3,421,962 |
Citigroup Commercial Mortgage Trust | ||
Series 2014-GC23, Class A4 | ||
3.62%, 07/10/47(a) | 1,000,000 | 983,798 |
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47(a) | 210,000 | 206,285 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49(a) | 3,350,000 | 3,193,860 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49(a) | 600,000 | 571,649 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50(a) | 5,600,000 | 5,196,550 |
Series 2017-P7, Class A4 | ||
3.71%, 04/14/50(a) | 500,000 | 463,485 |
COMM Mortgage Trust | ||
Series 2014-CR19, Class ASB | ||
3.50%, 08/10/47(a) | 49,551 | 49,182 |
Series 2014-CR21, Class A3 | ||
3.53%, 12/10/47(a) | 156,564 | 153,681 |
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47(a) | 209,626 | 208,884 |
Series 2015-CR22, Class A5 | ||
3.31%, 03/10/48(a) | 750,000 | 726,499 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48(a) | 400,000 | 386,579 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48(a) | 440,000 | 425,134 |
Series 2015-PC1, Class A5 | ||
3.90%, 07/10/50(a) | 497,400 | 484,938 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49(a) | 2,700,000 | 2,601,558 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49(a) | 100,000 | 96,377 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C3, Class A4 | ||
3.72%, 08/15/48(a) | 300,000 | 289,035 |
Series 2019-C17, Class A5 | ||
3.02%, 09/15/52(a) | 2,238,000 | 1,957,836 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a)(j) | 100,000 | 94,966 |
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||
Series K046, Class A2 | ||
3.21%, 03/25/25(a) | 920,000 | 900,233 |
Series K053, Class A2 | ||
3.00%, 12/25/25(a) | 950,000 | 921,162 |
Series K054, Class A2 | ||
2.75%, 01/25/26(a) | 300,000 | 289,301 |
Series K055, Class A2 | ||
2.67%, 03/25/26(a) | 750,000 | 720,578 |
Series K058, Class A2 | ||
2.65%, 08/25/26(a) | 750,000 | 716,122 |
Series K061, Class A2 | ||
3.35%, 11/25/26(a)(j) | 519,223 | 504,137 |
Series K062, Class A2 | ||
3.41%, 12/25/26(a) | 257,767 | 250,589 |
Series K064, Class A2 | ||
3.22%, 03/25/27(a) | 107,000 | 103,376 |
Series K070, Class A2 | ||
3.30%, 11/25/27(a)(j) | 308,000 | 296,520 |
Series K071, Class A2 | ||
3.29%, 11/25/27(a) | 4,768,000 | 4,583,837 |
Series K072, Class A2 | ||
3.44%, 12/25/27(a) | 1,500,000 | 1,449,947 |
Series K074, Class A2 | ||
3.60%, 01/25/28(a) | 8,175,000 | 7,942,209 |
Series K078, Class A2 | ||
3.85%, 06/25/28(a) | 1,183,000 | 1,159,327 |
Series K083, Class A2 | ||
4.05%, 09/25/28(a)(j) | 2,100,000 | 2,071,506 |
Series K084, Class A2 | ||
3.78%, 10/25/28(a)(j) | 2,000,000 | 1,948,540 |
Series K085, Class A2 | ||
4.06%, 10/25/28(a)(j) | 900,000 | 887,491 |
Series K087, Class A2 | ||
3.77%, 12/25/28(a) | 2,560,000 | 2,496,080 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series K088, Class A2 | ||
3.69%, 01/25/29(a) | 2,600,000 | 2,525,655 |
Series K089, Class A2 | ||
3.56%, 01/25/29(a) | 2,990,000 | 2,887,333 |
Series K091, Class A2 | ||
3.51%, 03/25/29(a) | 800,000 | 769,610 |
Series K098, Class A2 | ||
2.43%, 08/25/29(a) | 500,000 | 452,580 |
Series K100, Class A2 | ||
2.67%, 09/25/29(a) | 800,000 | 731,849 |
Series K103, Class A2 | ||
2.65%, 11/25/29(a) | 2,200,000 | 2,006,347 |
Series K112, Class A2 | ||
1.31%, 05/25/30(a) | 2,000,000 | 1,662,349 |
Series K130, Class A2 | ||
1.72%, 06/25/31(a) | 3,500,000 | 2,916,697 |
Series K131, Class A2 | ||
1.85%, 07/25/31(a) | 1,000,000 | 840,177 |
Series K132, Class A2 | ||
2.02%, 08/25/31(a) | 1,000,000 | 846,637 |
Series K149, Class A2 | ||
3.53%, 08/25/32(a) | 3,185,000 | 2,983,151 |
Series K150, Class A2 | ||
3.71%, 09/25/32(a) | 1,600,000 | 1,518,001 |
Series K-1511, Class A2 | ||
3.47%, 03/25/31(a) | 500,000 | 468,965 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31(a) | 1,425,000 | 1,301,889 |
Series K153, Class A2 | ||
3.82%, 12/25/32(a)(j) | 4,200,000 | 4,014,688 |
Series K154, Class A2 | ||
3.42%, 04/25/32(a) | 1,760,000 | 1,677,320 |
Series K155, Class A3 | ||
3.75%, 04/25/33(a) | 835,000 | 791,995 |
Series K157, Class A2 | ||
3.99%, 05/25/33(a) | 1,700,000 | 1,656,693 |
Series K157, Class A2 | ||
4.20%, 05/25/33(a) | 400,000 | 392,933 |
Series K733, Class A2 | ||
3.75%, 08/25/25(a)(j) | 1,490,189 | 1,464,452 |
Series K735, Class A2 | ||
2.86%, 05/25/26(a) | 97,961 | 94,357 |
Series K742, Class A2 | ||
1.76%, 03/25/28(a) | 700,000 | 632,163 |
Series KS03, Class A4 | ||
3.16%, 05/25/25(a)(j) | 250,000 | 244,979 |
Federal National Mortgage Association-Aces | ||
Series 2015-M13, Class A2 | ||
2.70%, 06/25/25(a)(j) | 100,373 | 97,495 |
Series 2015-M3, Class A2 | ||
2.72%, 10/25/24(a) | 350,481 | 343,119 |
Series 2016-M6, Class A2 | ||
2.49%, 05/25/26(a) | 2,081,397 | 1,986,845 |
GS Mortgage Securities Trust | ||
Series 2016-GS4, Class A4 | ||
3.44%, 11/10/49(a) | 365,000 | 345,256 |
Series 2020-GC45, Class A5 | ||
2.91%, 02/13/53(a) | 3,500,000 | 3,104,144 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2014-C20, Class A4A1 | ||
3.54%, 07/15/47(a) | 92,862 | 92,419 |
Series 2015-JP1, Class A4 | ||
3.65%, 01/15/49(a) | 556,031 | 535,747 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C28, Class A4 | ||
3.23%, 10/15/48(a) | 2,000,000 | 1,928,716 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2015-C29, Class A4 | ||
3.61%, 05/15/48(a) | 1,000,000 | 964,380 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48(a) | 1,150,000 | 1,108,154 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2014-C16, Class A5 | ||
3.89%, 06/15/47(a) | 190,558 | 189,057 |
Series 2015-C24, Class A4 | ||
3.73%, 05/15/48(a) | 93,000 | 90,043 |
Series 2015-C24, Class ASB | ||
3.48%, 05/15/48(a) | 297,266 | 292,212 |
Morgan Stanley Capital I Trust | ||
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48(a) | 400,000 | 385,464 |
Series 2017-H1, Class A4 | ||
3.26%, 06/15/50(a) | 250,000 | 233,977 |
Series 2017-HR2, Class A4 | ||
3.59%, 12/15/50(a) | 1,300,000 | 1,228,563 |
Series 2020-HR8, Class A4 | ||
2.04%, 07/15/53(a) | 3,000,000 | 2,493,372 |
UBS Commercial Mortgage Trust | ||
Series 2017-C1, Class A4 | ||
3.54%, 11/15/50(a) | 1,747,000 | 1,641,202 |
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50(a) | 1,550,000 | 1,437,405 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50(a) | 1,000,000 | 940,867 |
Series 2019-C18, Class A4 | ||
3.04%, 12/15/52(a) | 500,000 | 444,953 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2014-LC16 Class A4 | ||
3.55%, 08/15/50(a) | 280,370 | 279,037 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48(a) | 971,679 | 942,501 |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58(a) | 723,000 | 698,626 |
Series 2015-C31, Class A3 | ||
3.43%, 11/15/48(a) | 1,188,128 | 1,155,917 |
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48(a) | 2,000,000 | 1,928,756 |
Series 2015-P2, Class A4 | ||
3.81%, 12/15/48(a) | 1,500,000 | 1,446,754 |
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59(a) | 500,000 | 479,659 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59(a) | 1,158,206 | 1,094,903 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59(a) | 2,000,000 | 1,917,925 |
Series 2016-NXS6, Class A4 | ||
2.92%, 11/15/49(a) | 150,000 | 140,677 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50(a) | 1,551,000 | 1,464,931 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50(a) | 2,000,000 | 1,885,399 |
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50(a) | 2,400,000 | 2,213,556 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51(a) | 1,500,000 | 1,439,807 |
Series 2018-C47, Class A3 | ||
4.18%, 09/15/61(a) | 1,230,173 | 1,178,465 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52(a) | 1,000,000 | 929,731 |
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52(a) | 4,000,000 | 3,583,225 |
Series 2019-C54, Class A4 | ||
3.15%, 12/15/52(a) | 800,000 | 718,259 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2020-C55, Class A5 | ||
2.73%, 02/15/53(a) | 750,000 | 659,957 |
Series 2020-C58, Class A4 | ||
2.09%, 07/15/53(a) | 3,000,000 | 2,480,194 |
152,385,187 | ||
Mortgage-Backed Securities Pass-Through 26.6% | ||
Federal Home Loan Mortgage Corp. | ||
1.00%, 10/01/36(a) | 483,641 | 411,286 |
1.50%, 08/01/35 to 08/01/51 (a) | 61,755,346 | 50,589,438 |
2.00%, 01/01/28 to 03/01/52 (a) | 262,920,869 | 218,828,810 |
2.50%, 04/01/27 to 05/01/52 (a) | 160,588,522 | 138,717,368 |
3.00%, 08/01/26 to 08/01/52 (a) | 86,238,943 | 78,182,028 |
3.50%, 01/01/26 to 02/01/53 (a) | 53,114,399 | 49,700,172 |
4.00%, 04/01/26 to 10/01/52 (a) | 29,138,260 | 28,117,258 |
4.50%, 05/01/34 to 09/01/52 (a) | 14,915,371 | 14,750,360 |
5.00%, 11/01/33 to 06/01/53 (a) | 12,563,814 | 12,606,667 |
5.50%, 05/01/24 to 07/01/53 (a) | 11,072,627 | 11,255,951 |
6.00%, 07/01/33 to 12/01/53 (a) | 12,499,080 | 12,803,520 |
6.50%, 12/01/33 to 11/01/53 (a) | 7,178,837 | 7,414,574 |
Federal National Mortgage Association | ||
1.00%, 03/01/36 to 07/01/36 (a) | 1,298,468 | 1,109,194 |
1.50%, 09/01/35 to 09/01/51 (a) | 49,394,300 | 41,224,975 |
2.00%, 04/01/28 to 05/01/52 (a) | 262,600,036 | 220,079,899 |
2.50%, 07/01/27 to 05/01/52 (a) | 199,069,347 | 172,609,605 |
3.00%, 12/01/25 to 05/01/52 (a) | 121,153,222 | 109,899,560 |
3.50%, 10/01/25 to 08/01/51 (a) | 74,993,629 | 70,494,824 |
4.00%, 02/01/26 to 07/01/52 (a) | 53,380,143 | 51,568,443 |
4.50%, 12/01/24 to 09/01/52 (a) | 26,663,728 | 26,451,661 |
5.00%, 09/01/33 to 08/01/53 (a) | 16,449,419 | 16,534,346 |
5.50%, 06/01/24 to 10/01/53 (a) | 19,073,617 | 19,452,025 |
6.00%, 04/01/35 to 11/01/53 (a) | 25,332,911 | 25,973,092 |
6.50%, 08/01/34 to 12/01/53 (a) | 19,088,032 | 19,676,908 |
7.00%, 12/01/53(a) | 2,500,000 | 2,588,112 |
Government National Mortgage Association | ||
1.50%, 03/20/51 to 10/20/51 (a) | 1,400,681 | 1,142,228 |
2.00%, 04/20/36 to 04/20/52 (a) | 100,701,403 | 85,334,153 |
2.50%, 03/20/27 to 04/20/52 (a) | 103,535,534 | 90,908,408 |
3.00%, 01/20/27 to 06/20/52 (a) | 77,589,642 | 70,980,248 |
3.50%, 09/20/32 to 06/20/51 (a) | 52,243,870 | 49,365,493 |
4.00%, 06/15/39 to 09/20/52 (a) | 33,167,259 | 32,045,368 |
4.50%, 01/20/39 to 08/20/53 (a) | 24,072,850 | 23,719,053 |
5.00%, 03/20/33 to 11/20/53 (a) | 24,900,209 | 24,817,187 |
5.50%, 10/20/33 to 11/20/53 (a) | 24,697,399 | 24,861,839 |
6.00%, 10/15/36 to 11/20/53 (a) | 18,284,578 | 18,594,767 |
6.50%, 04/20/53 to 10/20/53 (a) | 7,964,207 | 8,150,859 |
7.00%, 01/20/53 to 11/20/53 (a) | 2,720,994 | 2,798,052 |
Government National Mortgage Association, TBA | ||
3.50%, 01/20/54(a)(k) | 12,000,000 | 11,168,286 |
4.00%, 01/20/54(a)(k) | 5,500,000 | 5,251,379 |
4.50%, 01/20/54(a)(k) | 9,000,000 | 8,783,675 |
5.00%, 01/20/54(a)(k) | 5,500,000 | 5,462,907 |
Uniform Mortgage-Backed Security, TBA | ||
3.50%, 02/25/49(a)(k) | 16,000,000 | 14,667,789 |
4.00%, 01/01/39 to 01/12/53 (a)(k) | 25,500,000 | 24,171,298 |
4.50%, 01/01/39 to 01/12/53 (a)(k) | 32,500,000 | 31,522,690 |
5.00%, 01/01/39 to 01/12/53 (a)(k) | 42,000,000 | 41,597,777 |
5.50%, 01/01/39 to 01/12/53 (a)(k) | 33,000,000 | 33,171,085 |
6.00%, 01/01/54(a)(k) | 4,000,000 | 4,062,262 |
2,013,616,879 | ||
Total Securitized (Cost $2,417,742,099) | 2,169,636,711 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 3.2% OF NET ASSETS | ||
Money Market Funds 3.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (l) | 235,214,615 | 235,214,615 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (l)(m) | 10,690,700 | 10,690,700 |
245,905,315 | ||
Total Short-Term Investments (Cost $245,905,315) | 245,905,315 | |
Total Investments in Securities (Cost $8,263,811,830) | 7,776,638,551 |
* | 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) | All or a portion of this security is on loan. Securities on loan were valued at $10,223,476. |
(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 $14,222,294 or 0.2% of net assets. |
(e) | Step up security 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. |
(f) | Issuer is affiliated with the fund’s investment adviser. |
(g) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(h) | Guaranteed by the Republic of Germany. |
(i) | Zero coupon security. |
(j) | 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. |
(k) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(l) | The rate shown is the annualized 7-day yield. |
(m) | Security purchased with cash collateral received for securities on loan. |
GO — | General obligation |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
TBA — | To-be-announced |
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 12/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 12/31/23 | FACE AMOUNT AT 12/31/23 | INTEREST INCOME EARNED |
CORPORATES 0.1% OF NET ASSETS | |||||||||
Financial Institutions 0.1% | |||||||||
Brokerage/Asset Managers/Exchanges 0.1% | |||||||||
Charles Schwab Corp. | |||||||||
3.55%, 02/01/24 | $123,351 | $— | ($123,057 ) | ($3,858 ) | $3,943 | ($379 ) | $— | $— | $752 |
0.75%, 03/18/24 | 380,421 | — | (382,416 ) | (18,492 ) | 20,711 | (224 ) | — | — | 692 |
3.75%, 04/01/24 | 78,848 | — | (78,612 ) | (4,646 ) | 5,712 | (1,302 ) | — | — | 1,008 |
3.00%, 03/10/25 | 72,189 | — | — | — | 815 | 83 | 73,087 | 75,000 | 2,250 |
4.20%, 03/24/25 | 148,416 | 9,875 | — | — | 4,070 | (4,115 ) | 158,246 | 160,000 | 6,313 |
3.63%, 04/01/25 | 97,517 | — | — | — | 3,107 | (2,368 ) | 98,256 | 100,000 | 3,625 |
3.85%, 05/21/25 | 195,396 | — | — | — | 4,785 | (3,721 ) | 196,460 | 200,000 | 7,700 |
3.45%, 02/13/26 | 72,709 | — | — | — | 1,469 | (1,433 ) | 72,745 | 75,000 | 2,588 |
0.90%, 03/11/26 | 288,169 | — | — | — | 10,380 | (436 ) | 298,113 | 325,000 | 2,925 |
1.15%, 05/13/26 | 222,469 | 8,891 | — | — | 7,036 | 109 | 238,505 | 260,000 | 2,925 |
5.88%, 08/24/26 | — | 250,171 | — | — | 6,381 | (9 ) | 256,543 | 250,000 | 2,122 |
3.20%, 03/02/27 | 164,842 | — | — | — | 5,177 | (2,924 ) | 167,095 | 175,000 | 5,600 |
2.45%, 03/03/27 | 366,072 | — | — | — | 4,383 | 2,228 | 372,683 | 400,000 | 9,800 |
3.30%, 04/01/27 | 166,021 | — | — | — | 3,968 | (2,895 ) | 167,094 | 175,000 | 5,775 |
3.20%, 01/25/28 | 163,390 | — | — | — | 3,214 | (1,277 ) | 165,327 | 175,000 | 5,600 |
2.00%, 03/20/28 | 285,768 | 8,594 | — | — | 4,703 | (428 ) | 298,637 | 335,000 | 6,574 |
4.00%, 02/01/29 | 142,884 | — | — | — | 5,587 | (2,640 ) | 145,831 | 150,000 | 6,000 |
5.64%, 05/19/29 | — | 299,630 | — | — | 8,735 | 30 | 308,395 | 300,000 | 9,546 |
3.25%, 05/22/29 | 136,225 | 4,492 | — | — | 5,675 | (928 ) | 145,464 | 155,000 | 4,945 |
2.75%, 10/01/29 | 109,189 | — | — | — | 4,287 | (767 ) | 112,709 | 125,000 | 3,437 |
6.20%, 11/17/29 | — | 306,660 | — | — | 8,828 | (78 ) | 315,410 | 300,000 | 1,188 |
4.63%, 03/22/30 | 122,891 | 4,922 | — | — | 5,163 | (2,236 ) | 130,740 | 130,000 | 5,884 |
1.65%, 03/11/31 | 155,971 | — | — | — | 4,548 | 981 | 161,500 | 200,000 | 3,300 |
2.30%, 05/13/31 | 163,819 | — | — | — | 3,923 | (456 ) | 167,286 | 200,000 | 4,600 |
1.95%, 12/01/31 | 176,691 | 3,900 | — | — | 4,235 | 386 | 185,212 | 230,000 | 4,428 |
2.90%, 03/03/32 | 212,768 | — | — | — | 2,298 | 815 | 215,881 | 250,000 | 7,250 |
5.85%, 05/19/34 | — | 354,991 | — | — | 6,685 | (210 ) | 361,466 | 350,000 | 11,328 |
6.14%, 08/24/34 | — | 350,431 | — | — | 19,429 | (10 ) | 369,850 | 350,000 | 6,562 |
Total | $4,046,016 | $1,602,557 | ($584,085 ) | ($26,996 ) | $169,247 | ($24,204 ) | $5,182,535 | $134,717 |
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 | $— | $1,865,088,736 | $— | $1,865,088,736 |
Treasuries1 | — | 3,135,044,046 | — | 3,135,044,046 |
Government Related1 | — | 360,963,743 | — | 360,963,743 |
Securitized1 | — | 2,169,636,711 | — | 2,169,636,711 |
Short-Term Investments1 | 245,905,315 | — | — | 245,905,315 |
Total | $245,905,315 | $7,530,733,236 | $— | $7,776,638,551 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $5,509,519) | $5,182,535 | |
Investments in securities, at value - unaffiliated (cost $8,258,302,311) including securities on loan of $10,223,476 | 7,771,456,016 | |
Cash | 251,889 | |
Receivables: | ||
Investments sold | 96,645,643 | |
Interest | 52,480,342 | |
Dividends | 936,213 | |
Income from securities on loan | 13,945 | |
Foreign tax reclaims | + | 155 |
Total assets | 7,926,966,738 | |
Liabilities | ||
Collateral held for securities on loan | 10,690,700 | |
Payables: | ||
Investments bought - delayed-delivery | 206,390,205 | |
Investments bought | 126,192,540 | |
Management fees | + | 187,545 |
Total liabilities | 343,460,990 | |
Net assets | $7,583,505,748 | |
Net Assets by Source | ||
Capital received from investors | $8,544,850,263 | |
Total distributable loss | + | (961,344,515 ) |
Net assets | $7,583,505,748 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,583,505,748 | 162,600,000 | $46.64 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated (net of foreign withholding tax of $208) | $225,549,692 | |
Dividends received from securities - unaffiliated | 7,421,014 | |
Interest received from securities - affiliated | 110,513 | |
Securities on loan, net | + | 89,972 |
Total investment income | 233,171,191 | |
Expenses | ||
Management fees | 2,115,296 | |
Total expenses | – | 2,115,296 |
Net investment income | 231,055,895 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (8,504 ) | |
Net realized losses on sales of securities - unaffiliated | (174,640,637 ) | |
Net realized losses on sales of in-kind redemptions - affiliated | (18,492 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (15,009,952 ) |
Net realized losses | (189,677,585 ) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | 169,247 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 337,149,714 |
Net change in unrealized appreciation (depreciation) | + | 337,318,961 |
Net realized and unrealized gains | 147,641,376 | |
Increase in net assets resulting from operations | $378,697,271 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $231,055,895 | $173,767,705 | |
Net realized losses | (189,677,585 ) | (288,649,413 ) | |
Net change in unrealized appreciation (depreciation) | + | 337,318,961 | (1,020,183,841 ) |
Increase (decrease) in net assets resulting from operations | $378,697,271 | ($1,135,065,549 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($236,337,780 ) | ($185,912,810 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 31,700,000 | $1,459,583,818 | 12,800,000 | $619,764,211 | |
Shares redeemed | + | (18,000,000 ) | (823,547,528 ) | (32,200,000 ) | (1,567,471,655 ) |
Net transactions in fund shares | 13,700,000 | $636,036,290 | (19,400,000 ) | ($947,707,444 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 148,900,000 | $6,805,109,967 | 168,300,000 | $9,073,795,770 | |
Total increase (decrease) | + | 13,700,000 | 778,395,781 | (19,400,000 ) | (2,268,685,803 ) |
End of period | 162,600,000 | $7,583,505,748 | 148,900,000 | $6,805,109,967 |
1/1/23– 12/31/23 | 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 | $46.95 | $50.57 | $51.37 | $50.04 | $50.00 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 1.44 | 0.75 | 0.50 | 0.89 | 0.23 | |
Net realized and unrealized gains (losses) | 1.39 | (3.60 ) | (0.82 ) | 1.74 | 0.02 | |
Total from investment operations | 2.83 | (2.85 ) | (0.32 ) | 2.63 | 0.25 | |
Less distributions: | ||||||
Distributions from net investment income | (1.44 ) | (0.77 ) | (0.48 ) | (0.89 ) | (0.21 ) | |
Distributions from net realized gains | — | — | — | (0.41 ) | — | |
Total distributions | (1.44 ) | (0.77 ) | (0.48 ) | (1.30 ) | (0.21 ) | |
Net asset value at end of period | $48.34 | $46.95 | $50.57 | $51.37 | $50.04 | |
Total return | 6.14 % | (5.65 %) | (0.64 %) | 5.31 % | 0.50 %3 | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %4,5 | 0.05 %6 | 0.05 % | 0.06 %7,8 | |
Net investment income (loss) | 3.04 % | 1.56 % | 0.99 % | 1.74 % | 2.01 %7 | |
Portfolio turnover rate9 | 28 % | 14 % | 13 % | 80 % | 12 %3 | |
Net assets, end of period (x 1,000) | $389,173 | $370,872 | $609,404 | $118,146 | $35,029 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2021 is a blended ratio. |
7 | Annualized. |
8 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended December 31, 2019 is a blended ratio. |
9 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 99.0% OF NET ASSETS | ||
Financial Institutions 44.6% | ||
Banking 35.1% | ||
Ally Financial, Inc. | ||
4.63%, 03/30/25 | 75,000 | 74,091 |
5.80%, 05/01/25 (a) | 150,000 | 150,287 |
4.75%, 06/09/27 (a) | 125,000 | 120,647 |
7.10%, 11/15/27 (a) | 50,000 | 52,187 |
2.20%, 11/02/28 (a) | 75,000 | 64,211 |
6.99%, 06/13/29 (a)(b) | 150,000 | 155,222 |
American Express Co. | ||
2.25%, 03/04/25 (a) | 250,000 | 241,965 |
3.95%, 08/01/25 (a) | 350,000 | 344,561 |
4.20%, 11/06/25 (a) | 125,000 | 123,614 |
4.99%, 05/01/26 (a)(b) | 100,000 | 99,777 |
3.13%, 05/20/26 (a) | 225,000 | 217,214 |
6.34%, 10/30/26 (a)(b) | 175,000 | 178,576 |
1.65%, 11/04/26 (a) | 175,000 | 161,564 |
2.55%, 03/04/27 (a) | 300,000 | 281,297 |
3.30%, 05/03/27 (a) | 350,000 | 334,896 |
5.39%, 07/28/27 (a)(b) | 200,000 | 202,454 |
5.85%, 11/05/27 (a) | 200,000 | 208,841 |
5.28%, 07/27/29 (a)(b) | 250,000 | 255,291 |
American Express Credit Corp. | ||
3.30%, 05/03/27 (a) | 75,000 | 71,702 |
Australia & New Zealand Banking Group Ltd. | ||
5.38%, 07/03/25 | 250,000 | 252,327 |
5.09%, 12/08/25 | 250,000 | 251,599 |
Banco Bilbao Vizcaya Argentaria SA | ||
1.13%, 09/18/25 | 200,000 | 186,659 |
6.14%, 09/14/28 (a)(b) | 200,000 | 205,616 |
Banco Santander SA | ||
3.50%, 03/24/25 | 200,000 | 195,771 |
2.75%, 05/28/25 | 200,000 | 193,096 |
5.15%, 08/18/25 | 200,000 | 198,967 |
5.18%, 11/19/25 | 200,000 | 198,371 |
1.85%, 03/25/26 | 200,000 | 185,314 |
4.25%, 04/11/27 | 200,000 | 193,917 |
5.29%, 08/18/27 | 200,000 | 200,657 |
1.72%, 09/14/27 (a)(b) | 200,000 | 181,130 |
6.53%, 11/07/27 (a)(b) | 200,000 | 207,107 |
4.18%, 03/24/28 (a)(b) | 200,000 | 192,412 |
4.38%, 04/12/28 | 200,000 | 194,456 |
5.59%, 08/08/28 | 400,000 | 408,346 |
6.61%, 11/07/28 | 200,000 | 213,197 |
Bank of America Corp. | ||
4.00%, 01/22/25 | 400,000 | 394,616 |
3.95%, 04/21/25 | 400,000 | 393,399 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.88%, 08/01/25 | 275,000 | 271,264 |
3.37%, 01/23/26 (a)(b) | 320,000 | 312,605 |
2.02%, 02/13/26 (a)(b) | 300,000 | 288,321 |
4.45%, 03/03/26 | 350,000 | 346,192 |
3.38%, 04/02/26 (a)(b) | 450,000 | 438,110 |
3.50%, 04/19/26 | 425,000 | 413,841 |
1.32%, 06/19/26 (a)(b) | 475,000 | 447,347 |
4.83%, 07/22/26 (a)(b) | 300,000 | 297,915 |
6.22%, 09/15/26 | 100,000 | 103,708 |
4.25%, 10/22/26 | 150,000 | 147,400 |
1.20%, 10/24/26 (a)(b) | 350,000 | 325,160 |
5.08%, 01/20/27 (a)(b) | 350,000 | 349,521 |
1.66%, 03/11/27 (a)(b) | 450,000 | 416,415 |
3.56%, 04/23/27 (a)(b) | 450,000 | 433,493 |
1.73%, 07/22/27 (a)(b) | 860,000 | 788,206 |
5.93%, 09/15/27 (a)(b) | 250,000 | 255,170 |
3.25%, 10/21/27 (a) | 400,000 | 381,001 |
4.18%, 11/25/27 (a) | 325,000 | 316,195 |
3.82%, 01/20/28 (a)(b) | 400,000 | 384,830 |
2.55%, 02/04/28 (a)(b) | 350,000 | 324,629 |
3.71%, 04/24/28 (a)(b) | 250,000 | 239,122 |
4.38%, 04/27/28 (a)(b) | 350,000 | 342,334 |
3.59%, 07/21/28 (a)(b) | 300,000 | 284,834 |
4.95%, 07/22/28 (a)(b) | 500,000 | 499,926 |
6.20%, 11/10/28 (a)(b) | 300,000 | 313,385 |
3.42%, 12/20/28 (a)(b) | 900,000 | 847,618 |
3.97%, 03/05/29 (a)(b) | 350,000 | 334,592 |
5.20%, 04/25/29 (a)(b) | 550,000 | 553,592 |
2.09%, 06/14/29 (a)(b) | 500,000 | 441,452 |
4.27%, 07/23/29 (a)(b) | 450,000 | 434,738 |
5.82%, 09/15/29 (a)(b) | 400,000 | 413,130 |
Bank of America NA | ||
5.65%, 08/18/25 (a) | 250,000 | 253,233 |
5.53%, 08/18/26 (a) | 300,000 | 305,677 |
Bank of Montreal | ||
1.50%, 01/10/25 | 225,000 | 216,833 |
1.85%, 05/01/25 | 250,000 | 239,900 |
3.70%, 06/07/25 | 200,000 | 196,203 |
5.30%, 06/05/26 | 200,000 | 202,092 |
1.25%, 09/15/26 | 250,000 | 227,891 |
5.27%, 12/11/26 | 100,000 | 101,459 |
0.95%, 01/22/27 (a)(b) | 250,000 | 230,891 |
2.65%, 03/08/27 | 200,000 | 188,386 |
4.70%, 09/14/27 (a) | 150,000 | 150,439 |
5.20%, 02/01/28 (a) | 200,000 | 203,864 |
5.72%, 09/25/28 (a) | 150,000 | 155,578 |
3.80%, 12/15/32 (a)(b) | 175,000 | 161,149 |
Bank of New York Mellon Corp. | ||
3.00%, 02/24/25 (a) | 145,000 | 141,914 |
1.60%, 04/24/25 (a) | 200,000 | 192,071 |
3.95%, 11/18/25 (a) | 75,000 | 73,757 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.75%, 01/28/26 (a) | 100,000 | 92,265 |
2.80%, 05/04/26 (a) | 150,000 | 143,793 |
4.41%, 07/24/26 (a)(b) | 100,000 | 98,986 |
2.45%, 08/17/26 (a) | 270,000 | 255,093 |
1.05%, 10/15/26 (a) | 150,000 | 135,896 |
2.05%, 01/26/27 (a) | 100,000 | 92,970 |
3.25%, 05/16/27 (a) | 150,000 | 143,885 |
3.40%, 01/29/28 (a) | 100,000 | 95,463 |
3.44%, 02/07/28 (a)(b) | 150,000 | 144,526 |
3.85%, 04/28/28 | 225,000 | 219,611 |
3.99%, 06/13/28 (a)(b) | 150,000 | 146,644 |
5.80%, 10/25/28 (a)(b) | 200,000 | 207,608 |
4.54%, 02/01/29 (a)(b) | 150,000 | 149,266 |
6.32%, 10/25/29 (a)(b) | 150,000 | 159,381 |
Bank of Nova Scotia | ||
1.45%, 01/10/25 | 250,000 | 240,829 |
2.20%, 02/03/25 | 230,000 | 223,110 |
3.45%, 04/11/25 | 250,000 | 244,842 |
1.30%, 06/11/25 | 150,000 | 142,239 |
5.45%, 06/12/25 | 200,000 | 200,919 |
4.50%, 12/16/25 | 225,000 | 221,504 |
4.75%, 02/02/26 | 200,000 | 199,684 |
1.05%, 03/02/26 | 100,000 | 92,170 |
1.35%, 06/24/26 | 150,000 | 137,947 |
2.70%, 08/03/26 | 200,000 | 189,625 |
1.30%, 09/15/26 | 175,000 | 159,535 |
1.95%, 02/02/27 | 150,000 | 138,247 |
2.95%, 03/11/27 | 125,000 | 118,414 |
5.25%, 06/12/28 | 125,000 | 127,060 |
Bank OZK | ||
2.75%, 10/01/31 (a)(b) | 100,000 | 81,215 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 75,000 | 73,245 |
Barclays PLC | ||
3.65%, 03/16/25 | 300,000 | 293,430 |
4.38%, 01/12/26 | 200,000 | 197,497 |
2.85%, 05/07/26 (a)(b) | 250,000 | 241,481 |
5.20%, 05/12/26 | 300,000 | 298,248 |
5.30%, 08/09/26 (a)(b) | 250,000 | 249,240 |
7.33%, 11/02/26 (a)(b) | 250,000 | 258,355 |
5.83%, 05/09/27 (a)(b) | 300,000 | 302,727 |
6.50%, 09/13/27 (a)(b) | 250,000 | 257,119 |
2.28%, 11/24/27 (a)(b) | 300,000 | 275,456 |
4.34%, 01/10/28 (a) | 200,000 | 194,495 |
4.84%, 05/09/28 (a) | 300,000 | 292,895 |
5.50%, 08/09/28 (a)(b) | 275,000 | 276,666 |
7.39%, 11/02/28 (a)(b) | 250,000 | 267,307 |
4.97%, 05/16/29 (a)(b) | 250,000 | 245,853 |
6.49%, 09/13/29 (a)(b) | 200,000 | 208,737 |
BPCE SA | ||
3.38%, 12/02/26 | 250,000 | 241,770 |
Canadian Imperial Bank of Commerce | ||
2.25%, 01/28/25 | 225,000 | 218,075 |
3.30%, 04/07/25 | 250,000 | 244,325 |
5.14%, 04/28/25 | 150,000 | 150,106 |
3.95%, 08/04/25 | 100,000 | 98,498 |
0.95%, 10/23/25 | 200,000 | 186,779 |
1.25%, 06/22/26 | 200,000 | 183,469 |
3.45%, 04/07/27 (a) | 150,000 | 144,270 |
5.00%, 04/28/28 (a) | 200,000 | 201,209 |
5.99%, 10/03/28 (a) | 125,000 | 130,966 |
Capital One Financial Corp. | ||
3.20%, 02/05/25 (a) | 195,000 | 190,527 |
4.25%, 04/30/25 (a) | 150,000 | 148,018 |
4.20%, 10/29/25 (a) | 275,000 | 270,100 |
2.64%, 03/03/26 (a)(b) | 200,000 | 191,749 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.99%, 07/24/26 (a)(b) | 300,000 | 297,156 |
3.75%, 07/28/26 (a) | 250,000 | 239,771 |
3.75%, 03/09/27 (a) | 250,000 | 239,067 |
3.65%, 05/11/27 (a) | 175,000 | 167,068 |
1.88%, 11/02/27 (a)(b) | 225,000 | 202,526 |
4.93%, 05/10/28 (a)(b) | 300,000 | 295,024 |
5.47%, 02/01/29 (a)(b) | 250,000 | 250,449 |
6.31%, 06/08/29 (a)(b) | 250,000 | 256,582 |
Citibank NA | ||
5.86%, 09/29/25 (a) | 250,000 | 254,289 |
5.49%, 12/04/26 (a) | 250,000 | 254,696 |
5.80%, 09/29/28 (a) | 400,000 | 417,901 |
Citigroup, Inc. | ||
3.88%, 03/26/25 | 175,000 | 171,992 |
3.30%, 04/27/25 | 250,000 | 244,460 |
4.40%, 06/10/25 | 400,000 | 395,533 |
5.50%, 09/13/25 | 250,000 | 251,461 |
3.70%, 01/12/26 | 325,000 | 317,483 |
2.01%, 01/25/26 (a)(b) | 300,000 | 288,320 |
4.60%, 03/09/26 | 275,000 | 271,684 |
3.29%, 03/17/26 (a)(b) | 250,000 | 243,565 |
3.11%, 04/08/26 (a)(b) | 500,000 | 486,289 |
3.40%, 05/01/26 | 300,000 | 289,778 |
5.61%, 09/29/26 (a)(b) | 425,000 | 428,239 |
3.20%, 10/21/26 (a) | 475,000 | 453,381 |
4.30%, 11/20/26 | 150,000 | 147,116 |
1.12%, 01/28/27 (a)(b) | 400,000 | 367,871 |
1.46%, 06/09/27 (a)(b) | 425,000 | 389,159 |
4.45%, 09/29/27 | 500,000 | 488,833 |
3.89%, 01/10/28 (a)(b) | 400,000 | 387,295 |
3.07%, 02/24/28 (a)(b) | 400,000 | 377,193 |
4.66%, 05/24/28 (a)(b) | 200,000 | 198,777 |
3.67%, 07/24/28 (a)(b) | 350,000 | 333,915 |
4.13%, 07/25/28 | 300,000 | 288,353 |
3.52%, 10/27/28 (a)(b) | 400,000 | 378,494 |
4.08%, 04/23/29 (a)(b) | 350,000 | 337,267 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 239,162 |
3.75%, 02/18/26 (a) | 250,000 | 239,648 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 25,000 | 24,427 |
2.85%, 07/27/26 (a) | 100,000 | 93,200 |
Comerica Bank | ||
4.00%, 07/27/25 | 25,000 | 24,297 |
Commonwealth Bank of Australia | ||
5.08%, 01/10/25 | 250,000 | 250,468 |
5.32%, 03/13/26 | 250,000 | 253,549 |
Cooperatieve Rabobank UA | ||
3.38%, 05/21/25 | 250,000 | 245,144 |
5.50%, 07/18/25 | 250,000 | 252,670 |
4.38%, 08/04/25 | 300,000 | 294,853 |
3.75%, 07/21/26 | 250,000 | 239,797 |
Credit Suisse AG | ||
7.95%, 01/09/25 | 250,000 | 255,825 |
3.70%, 02/21/25 | 250,000 | 244,962 |
2.95%, 04/09/25 | 250,000 | 242,356 |
1.25%, 08/07/26 | 250,000 | 226,897 |
5.00%, 07/09/27 | 250,000 | 250,283 |
7.50%, 02/15/28 | 300,000 | 328,934 |
Deutsche Bank AG | ||
4.50%, 04/01/25 | 200,000 | 196,552 |
4.10%, 01/13/26 | 100,000 | 97,520 |
1.69%, 03/19/26 | 250,000 | 232,856 |
6.12%, 07/14/26 (a)(b) | 200,000 | 202,100 |
2.13%, 11/24/26 (a)(b) | 250,000 | 234,571 |
7.15%, 07/13/27 (a)(b) | 200,000 | 207,942 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.31%, 11/16/27 (a)(b) | 250,000 | 228,741 |
2.55%, 01/07/28 (a)(b) | 200,000 | 183,954 |
6.72%, 01/18/29 (a)(b) | 250,000 | 262,055 |
6.82%, 11/20/29 (a)(b) | 200,000 | 210,622 |
4.88%, 12/01/32 (a)(b) | 200,000 | 187,082 |
Discover Bank | ||
3.45%, 07/27/26 (a) | 250,000 | 236,890 |
Discover Financial Services | ||
3.75%, 03/04/25 (a) | 100,000 | 97,896 |
4.50%, 01/30/26 (a) | 150,000 | 148,118 |
4.10%, 02/09/27 (a) | 225,000 | 216,044 |
Fifth Third Bancorp | ||
2.38%, 01/28/25 (a) | 170,000 | 164,569 |
2.55%, 05/05/27 (a) | 200,000 | 184,530 |
1.71%, 11/01/27 (a)(b) | 125,000 | 112,802 |
6.36%, 10/27/28 (a)(b) | 150,000 | 155,918 |
6.34%, 07/27/29 (a)(b) | 225,000 | 234,626 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 200,000 | 195,969 |
2.25%, 02/01/27 (a) | 150,000 | 138,723 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 75,000 | 71,103 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 75,000 | 72,975 |
FNB Corp. | ||
5.15%, 08/25/25 (a) | 75,000 | 74,359 |
Goldman Sachs Group, Inc. | ||
3.50%, 01/23/25 (a) | 375,000 | 367,967 |
3.50%, 04/01/25 (a) | 550,000 | 538,405 |
3.75%, 05/22/25 (a) | 325,000 | 318,857 |
4.25%, 10/21/25 | 300,000 | 294,637 |
0.86%, 02/12/26 (a)(b) | 100,000 | 94,862 |
3.75%, 02/25/26 (a) | 300,000 | 293,216 |
5.80%, 08/10/26 (a)(b) | 350,000 | 353,630 |
3.50%, 11/16/26 (a) | 425,000 | 409,571 |
1.09%, 12/09/26 (a)(b) | 325,000 | 299,590 |
5.95%, 01/15/27 | 100,000 | 102,947 |
3.85%, 01/26/27 (a) | 450,000 | 438,233 |
1.43%, 03/09/27 (a)(b) | 450,000 | 415,076 |
4.39%, 06/15/27 (a)(b) | 100,000 | 98,476 |
1.54%, 09/10/27 (a)(b) | 400,000 | 363,140 |
1.95%, 10/21/27 (a)(b) | 650,000 | 595,169 |
2.64%, 02/24/28 (a)(b) | 425,000 | 394,284 |
3.62%, 03/15/28 (a)(b) | 500,000 | 479,475 |
3.69%, 06/05/28 (a)(b) | 375,000 | 358,994 |
4.48%, 08/23/28 (a)(b) | 400,000 | 393,077 |
3.81%, 04/23/29 (a)(b) | 375,000 | 356,428 |
4.22%, 05/01/29 (a)(b) | 550,000 | 532,145 |
6.48%, 10/24/29 (a)(b) | 425,000 | 451,130 |
HSBC Holdings PLC | ||
4.25%, 08/18/25 | 250,000 | 244,838 |
4.30%, 03/08/26 | 400,000 | 393,600 |
3.00%, 03/10/26 (a)(b) | 250,000 | 242,577 |
1.65%, 04/18/26 (a)(b) | 300,000 | 285,224 |
3.90%, 05/25/26 | 400,000 | 389,833 |
2.10%, 06/04/26 (a)(b) | 300,000 | 285,729 |
4.29%, 09/12/26 (a)(b) | 400,000 | 391,836 |
7.34%, 11/03/26 (a)(b) | 200,000 | 207,890 |
4.38%, 11/23/26 | 200,000 | 195,561 |
1.59%, 05/24/27 (a)(b) | 300,000 | 275,128 |
5.89%, 08/14/27 (a)(b) | 350,000 | 355,218 |
2.25%, 11/22/27 (a)(b) | 400,000 | 367,417 |
4.04%, 03/13/28 (a)(b) | 400,000 | 385,738 |
4.76%, 06/09/28 (a)(b) | 350,000 | 345,230 |
5.21%, 08/11/28 (a)(b) | 350,000 | 350,116 |
2.01%, 09/22/28 (a)(b) | 250,000 | 222,698 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.39%, 11/03/28 (a)(b) | 350,000 | 375,196 |
6.16%, 03/09/29 (a)(b) | 300,000 | 310,198 |
4.58%, 06/19/29 (a)(b) | 400,000 | 388,385 |
2.21%, 08/17/29 (a)(b) | 400,000 | 349,382 |
HSBC USA, Inc. | ||
5.63%, 03/17/25 | 200,000 | 201,138 |
Huntington Bancshares, Inc. | ||
4.00%, 05/15/25 (a) | 50,000 | 49,041 |
4.44%, 08/04/28 (a)(b) | 100,000 | 97,101 |
6.21%, 08/21/29 (a)(b) | 125,000 | 128,944 |
Huntington National Bank | ||
4.55%, 05/17/28 (a)(b) | 250,000 | 241,797 |
ING Groep NV | ||
3.87%, 03/28/26 (a)(b) | 350,000 | 343,170 |
3.95%, 03/29/27 | 400,000 | 387,608 |
1.73%, 04/01/27 (a)(b) | 200,000 | 185,123 |
6.08%, 09/11/27 (a)(b) | 200,000 | 204,307 |
4.02%, 03/28/28 (a)(b) | 200,000 | 194,865 |
JPMorgan Chase & Co. | ||
3.13%, 01/23/25 (a) | 200,000 | 195,966 |
3.90%, 07/15/25 (a) | 375,000 | 369,729 |
7.75%, 07/15/25 | 50,000 | 52,149 |
2.60%, 02/24/26 (a)(b) | 250,000 | 242,294 |
2.01%, 03/13/26 (a)(b) | 350,000 | 336,347 |
3.30%, 04/01/26 (a) | 400,000 | 387,151 |
2.08%, 04/22/26 (a)(b) | 500,000 | 479,298 |
4.08%, 04/26/26 (a)(b) | 500,000 | 492,202 |
3.20%, 06/15/26 (a) | 300,000 | 289,793 |
2.95%, 10/01/26 (a) | 450,000 | 429,332 |
7.63%, 10/15/26 | 110,000 | 118,424 |
1.05%, 11/19/26 (a)(b) | 450,000 | 416,790 |
4.13%, 12/15/26 | 300,000 | 294,277 |
3.96%, 01/29/27 (a)(b) | 300,000 | 293,156 |
1.04%, 02/04/27 (a)(b) | 325,000 | 298,789 |
1.58%, 04/22/27 (a)(b) | 550,000 | 507,758 |
8.00%, 04/29/27 | 100,000 | 110,666 |
1.47%, 09/22/27 (a)(b) | 425,000 | 385,174 |
4.25%, 10/01/27 | 250,000 | 247,447 |
6.07%, 10/22/27 (a)(b) | 300,000 | 308,741 |
3.63%, 12/01/27 (a) | 100,000 | 96,002 |
3.78%, 02/01/28 (a)(b) | 425,000 | 410,688 |
2.95%, 02/24/28 (a)(b) | 250,000 | 235,346 |
4.32%, 04/26/28 (a)(b) | 475,000 | 467,515 |
3.54%, 05/01/28 (a)(b) | 400,000 | 382,250 |
2.18%, 06/01/28 (a)(b) | 250,000 | 228,587 |
4.85%, 07/25/28 (a)(b) | 550,000 | 550,257 |
3.51%, 01/23/29 (a)(b) | 250,000 | 236,847 |
4.01%, 04/23/29 (a)(b) | 300,000 | 288,914 |
2.07%, 06/01/29 (a)(b) | 300,000 | 266,150 |
4.20%, 07/23/29 (a)(b) | 400,000 | 388,760 |
5.30%, 07/24/29 (a)(b) | 375,000 | 380,868 |
6.09%, 10/23/29 (a)(b) | 350,000 | 368,298 |
4.45%, 12/05/29 (a)(b) | 450,000 | 441,367 |
JPMorgan Chase Bank NA | ||
5.11%, 12/08/26 (a) | 250,000 | 252,408 |
KeyBank NA | ||
4.15%, 08/08/25 | 250,000 | 242,814 |
5.85%, 11/15/27 (a) | 250,000 | 250,158 |
KeyCorp | ||
4.15%, 10/29/25 | 75,000 | 73,251 |
2.25%, 04/06/27 | 200,000 | 180,300 |
4.10%, 04/30/28 | 100,000 | 94,278 |
Lloyds Banking Group PLC | ||
4.45%, 05/08/25 | 350,000 | 345,998 |
4.58%, 12/10/25 | 225,000 | 220,651 |
3.51%, 03/18/26 (a)(b) | 200,000 | 195,358 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.65%, 03/24/26 | 200,000 | 196,720 |
4.72%, 08/11/26 (a)(b) | 200,000 | 197,540 |
3.75%, 01/11/27 | 330,000 | 317,209 |
1.63%, 05/11/27 (a)(b) | 250,000 | 229,324 |
3.75%, 03/18/28 (a)(b) | 200,000 | 191,641 |
4.38%, 03/22/28 | 200,000 | 195,676 |
4.55%, 08/16/28 | 200,000 | 197,018 |
3.57%, 11/07/28 (a)(b) | 250,000 | 235,380 |
5.87%, 03/06/29 (a)(b) | 200,000 | 205,153 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 300,000 | 290,811 |
4.65%, 01/27/26 (a) | 250,000 | 244,905 |
3.40%, 08/17/27 | 75,000 | 69,789 |
4.70%, 01/27/28 (a) | 250,000 | 243,415 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.19%, 02/25/25 | 400,000 | 386,532 |
3.78%, 03/02/25 | 100,000 | 98,380 |
1.41%, 07/17/25 | 200,000 | 188,945 |
5.72%, 02/20/26 (a)(b) | 250,000 | 251,099 |
3.85%, 03/01/26 | 200,000 | 195,405 |
5.54%, 04/17/26 (a)(b) | 200,000 | 200,568 |
2.76%, 09/13/26 | 350,000 | 330,527 |
3.68%, 02/22/27 | 50,000 | 48,506 |
1.54%, 07/20/27 (a)(b) | 300,000 | 274,375 |
3.29%, 07/25/27 | 200,000 | 190,881 |
1.64%, 10/13/27 (a)(b) | 200,000 | 182,287 |
2.34%, 01/19/28 (a)(b) | 200,000 | 185,007 |
3.96%, 03/02/28 | 200,000 | 194,854 |
4.08%, 04/19/28 (a)(b) | 250,000 | 243,299 |
5.02%, 07/20/28 (a)(b) | 200,000 | 200,369 |
5.35%, 09/13/28 (a)(b) | 200,000 | 202,978 |
5.42%, 02/22/29 (a)(b) | 300,000 | 305,841 |
Mizuho Financial Group, Inc. | ||
2.23%, 05/25/26 (a)(b) | 200,000 | 191,218 |
2.84%, 09/13/26 | 200,000 | 189,946 |
3.66%, 02/28/27 | 200,000 | 192,546 |
1.23%, 05/22/27 (a)(b) | 200,000 | 182,365 |
1.55%, 07/09/27 (a)(b) | 200,000 | 183,004 |
3.17%, 09/11/27 | 200,000 | 188,070 |
4.02%, 03/05/28 | 200,000 | 194,237 |
5.41%, 09/13/28 (a)(b) | 200,000 | 202,676 |
5.67%, 05/27/29 (a)(b) | 100,000 | 102,453 |
5.78%, 07/06/29 (a)(b) | 250,000 | 257,408 |
Morgan Stanley | ||
4.00%, 07/23/25 | 475,000 | 468,397 |
5.00%, 11/24/25 | 300,000 | 299,868 |
3.88%, 01/27/26 | 475,000 | 465,716 |
2.63%, 02/18/26 (a)(b) | 250,000 | 242,072 |
2.19%, 04/28/26 (a)(b) | 475,000 | 456,515 |
4.68%, 07/17/26 (a)(b) | 300,000 | 297,301 |
3.13%, 07/27/26 | 350,000 | 335,314 |
6.25%, 08/09/26 | 200,000 | 206,385 |
4.35%, 09/08/26 | 350,000 | 343,949 |
6.14%, 10/16/26 (a)(b) | 200,000 | 203,825 |
0.99%, 12/10/26 (a)(b) | 475,000 | 437,269 |
3.63%, 01/20/27 | 500,000 | 485,091 |
5.05%, 01/28/27 (a)(b) | 250,000 | 250,347 |
3.95%, 04/23/27 | 325,000 | 315,651 |
1.59%, 05/04/27 (a)(b) | 550,000 | 506,869 |
1.51%, 07/20/27 (a)(b) | 475,000 | 434,177 |
2.48%, 01/21/28 (a)(b) | 300,000 | 278,681 |
4.21%, 04/20/28 (a)(b) | 400,000 | 391,087 |
3.59%, 07/22/28 (a)(b) | 475,000 | 453,791 |
6.30%, 10/18/28 (a)(b) | 350,000 | 367,108 |
3.77%, 01/24/29 (a)(b) | 550,000 | 525,084 |
5.12%, 02/01/29 (a)(b) | 400,000 | 402,090 |
5.16%, 04/20/29 (a)(b) | 375,000 | 377,197 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.45%, 07/20/29 (a)(b) | 350,000 | 356,899 |
6.41%, 11/01/29 (a)(b) | 200,000 | 212,201 |
Morgan Stanley Bank NA | ||
4.75%, 04/21/26 (a) | 250,000 | 249,927 |
National Australia Bank Ltd. | ||
5.20%, 05/13/25 | 250,000 | 251,387 |
2.50%, 07/12/26 | 400,000 | 379,937 |
3.91%, 06/09/27 | 250,000 | 245,180 |
4.94%, 01/12/28 | 250,000 | 252,894 |
4.90%, 06/13/28 | 100,000 | 101,105 |
National Bank of Canada | ||
5.60%, 12/18/28 | 250,000 | 256,672 |
NatWest Group PLC | ||
4.80%, 04/05/26 | 300,000 | 297,522 |
7.47%, 11/10/26 (a)(b) | 300,000 | 310,639 |
1.64%, 06/14/27 (a)(b) | 200,000 | 182,774 |
3.07%, 05/22/28 (a)(b) | 250,000 | 232,507 |
5.52%, 09/30/28 (a)(b) | 200,000 | 201,416 |
4.89%, 05/18/29 (a)(b) | 200,000 | 196,777 |
5.81%, 09/13/29 (a)(b) | 200,000 | 205,348 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 100,000 | 98,445 |
4.00%, 05/10/27 (a) | 225,000 | 222,119 |
3.38%, 05/08/32 (a)(b) | 100,000 | 92,614 |
PNC Bank NA | ||
2.95%, 02/23/25 (a) | 250,000 | 243,608 |
3.25%, 06/01/25 (a) | 250,000 | 243,651 |
3.10%, 10/25/27 (a) | 250,000 | 234,881 |
3.25%, 01/22/28 (a) | 250,000 | 235,734 |
4.05%, 07/26/28 | 250,000 | 241,381 |
PNC Financial Services Group, Inc. | ||
5.81%, 06/12/26 (a)(b) | 100,000 | 100,818 |
2.60%, 07/23/26 (a) | 200,000 | 189,724 |
1.15%, 08/13/26 (a) | 150,000 | 136,548 |
3.15%, 05/19/27 (a) | 100,000 | 94,905 |
6.62%, 10/20/27 (a)(b) | 75,000 | 77,883 |
5.35%, 12/02/28 (a)(b) | 150,000 | 151,936 |
5.58%, 06/12/29 (a)(b) | 400,000 | 408,172 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 100,000 | 95,484 |
1.80%, 08/12/28 (a) | 85,000 | 73,034 |
Royal Bank of Canada | ||
1.60%, 01/21/25 | 100,000 | 96,482 |
3.38%, 04/14/25 | 200,000 | 196,170 |
4.95%, 04/25/25 | 200,000 | 200,203 |
1.15%, 06/10/25 | 350,000 | 331,955 |
4.88%, 01/12/26 | 150,000 | 150,451 |
0.88%, 01/20/26 | 150,000 | 139,147 |
4.65%, 01/27/26 | 250,000 | 248,130 |
1.20%, 04/27/26 | 325,000 | 300,254 |
1.15%, 07/14/26 | 150,000 | 137,288 |
1.40%, 11/02/26 | 200,000 | 183,044 |
2.05%, 01/21/27 | 75,000 | 69,675 |
3.63%, 05/04/27 | 250,000 | 241,667 |
4.24%, 08/03/27 | 200,000 | 197,931 |
6.00%, 11/01/27 | 150,000 | 157,351 |
4.90%, 01/12/28 | 200,000 | 202,397 |
5.20%, 08/01/28 | 100,000 | 102,038 |
Santander Holdings USA, Inc. | ||
3.45%, 06/02/25 (a) | 150,000 | 145,891 |
4.50%, 07/17/25 (a) | 150,000 | 148,436 |
5.81%, 09/09/26 (a)(b) | 100,000 | 100,345 |
3.24%, 10/05/26 (a)(c) | 150,000 | 142,417 |
4.40%, 07/13/27 (a) | 150,000 | 145,859 |
2.49%, 01/06/28 (a)(b) | 125,000 | 114,774 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.50%, 03/09/29 (a)(b) | 150,000 | 155,353 |
6.57%, 06/12/29 (a)(b) | 75,000 | 77,510 |
Santander U.K. Group Holdings PLC | ||
1.53%, 08/21/26 (a)(b) | 200,000 | 186,784 |
1.67%, 06/14/27 (a)(b) | 200,000 | 182,122 |
2.47%, 01/11/28 (a)(b) | 200,000 | 182,417 |
3.82%, 11/03/28 (a)(b) | 200,000 | 188,066 |
6.53%, 01/10/29 (a)(b) | 200,000 | 207,309 |
State Street Corp. | ||
3.55%, 08/18/25 | 200,000 | 196,386 |
4.86%, 01/26/26 (a)(b) | 75,000 | 74,617 |
2.90%, 03/30/26 (a)(b) | 100,000 | 97,191 |
5.10%, 05/18/26 (a)(b) | 200,000 | 200,345 |
2.65%, 05/19/26 | 150,000 | 143,381 |
5.27%, 08/03/26 (a) | 100,000 | 101,424 |
5.75%, 11/04/26 (a)(b) | 50,000 | 50,686 |
1.68%, 11/18/27 (a)(b) | 150,000 | 137,662 |
2.20%, 02/07/28 (a)(b) | 125,000 | 116,090 |
5.82%, 11/04/28 (a)(b) | 100,000 | 103,810 |
5.68%, 11/21/29 (a)(b) | 150,000 | 155,296 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.35%, 01/15/25 | 250,000 | 242,703 |
1.47%, 07/08/25 | 400,000 | 378,693 |
0.95%, 01/12/26 | 100,000 | 92,199 |
5.46%, 01/13/26 | 250,000 | 252,172 |
3.78%, 03/09/26 | 300,000 | 292,657 |
2.63%, 07/14/26 | 350,000 | 331,883 |
1.40%, 09/17/26 | 350,000 | 318,784 |
3.01%, 10/19/26 | 250,000 | 238,172 |
3.45%, 01/11/27 | 250,000 | 240,388 |
3.36%, 07/12/27 | 300,000 | 285,585 |
3.35%, 10/18/27 | 100,000 | 94,804 |
5.52%, 01/13/28 | 300,000 | 307,194 |
3.54%, 01/17/28 | 200,000 | 190,474 |
5.80%, 07/13/28 | 325,000 | 336,739 |
1.90%, 09/17/28 | 350,000 | 306,609 |
Synchrony Financial | ||
4.88%, 06/13/25 (a) | 100,000 | 98,322 |
4.50%, 07/23/25 (a) | 200,000 | 195,642 |
3.70%, 08/04/26 (a) | 150,000 | 141,314 |
3.95%, 12/01/27 (a) | 250,000 | 234,706 |
Synovus Financial Corp. | ||
5.20%, 08/11/25 (a) | 125,000 | 122,939 |
Toronto-Dominion Bank | ||
1.45%, 01/10/25 | 150,000 | 144,631 |
3.77%, 06/06/25 | 225,000 | 221,409 |
1.15%, 06/12/25 | 150,000 | 142,083 |
0.75%, 09/11/25 | 175,000 | 163,373 |
0.75%, 01/06/26 | 200,000 | 184,776 |
1.20%, 06/03/26 | 225,000 | 206,694 |
5.53%, 07/17/26 | 250,000 | 254,894 |
1.25%, 09/10/26 | 250,000 | 228,488 |
1.95%, 01/12/27 | 150,000 | 138,855 |
2.80%, 03/10/27 | 100,000 | 94,511 |
4.11%, 06/08/27 | 250,000 | 245,691 |
4.69%, 09/15/27 | 225,000 | 225,109 |
5.16%, 01/10/28 | 150,000 | 152,745 |
5.52%, 07/17/28 | 200,000 | 206,094 |
3.63%, 09/15/31 (a)(b) | 250,000 | 240,344 |
Truist Bank | ||
1.50%, 03/10/25 (a) | 250,000 | 238,893 |
4.05%, 11/03/25 (a) | 100,000 | 98,512 |
3.30%, 05/15/26 (a) | 200,000 | 190,903 |
3.80%, 10/30/26 (a) | 250,000 | 239,545 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Truist Financial Corp. | ||
4.00%, 05/01/25 (a) | 150,000 | 147,507 |
3.70%, 06/05/25 (a) | 150,000 | 146,779 |
1.20%, 08/05/25 (a) | 200,000 | 188,060 |
4.26%, 07/28/26 (a)(b) | 225,000 | 220,666 |
1.27%, 03/02/27 (a)(b) | 200,000 | 183,431 |
6.05%, 06/08/27 (a)(b) | 200,000 | 203,697 |
1.13%, 08/03/27 (a) | 100,000 | 87,817 |
4.12%, 06/06/28 (a)(b) | 175,000 | 168,851 |
4.87%, 01/26/29 (a)(b) | 250,000 | 247,231 |
1.89%, 06/07/29 (a)(b) | 175,000 | 151,435 |
7.16%, 10/30/29 (a)(b) | 150,000 | 161,954 |
U.S. Bancorp | ||
1.45%, 05/12/25 (a) | 250,000 | 238,329 |
3.95%, 11/17/25 (a) | 200,000 | 197,044 |
3.10%, 04/27/26 (a) | 175,000 | 167,902 |
2.38%, 07/22/26 (a) | 250,000 | 234,854 |
5.73%, 10/21/26 (a)(b) | 225,000 | 226,564 |
3.15%, 04/27/27 (a) | 200,000 | 190,466 |
2.22%, 01/27/28 (a)(b) | 200,000 | 183,952 |
3.90%, 04/26/28 (a) | 100,000 | 96,783 |
4.55%, 07/22/28 (a)(b) | 300,000 | 295,794 |
4.65%, 02/01/29 (a)(b) | 250,000 | 246,197 |
5.78%, 06/12/29 (a)(b) | 300,000 | 308,322 |
U.S. Bank NA | ||
2.05%, 01/21/25 (a) | 100,000 | 96,862 |
2.80%, 01/27/25 (a) | 200,000 | 194,812 |
UBS AG | ||
5.80%, 09/11/25 | 200,000 | 202,398 |
5.65%, 09/11/28 | 300,000 | 311,404 |
UBS Group AG | ||
3.75%, 03/26/25 | 350,000 | 343,007 |
4.55%, 04/17/26 | 300,000 | 296,211 |
Wachovia Corp. | ||
7.57%, 08/01/26 (d) | 50,000 | 52,957 |
Wells Fargo & Co. | ||
3.00%, 02/19/25 | 400,000 | 391,230 |
3.55%, 09/29/25 | 350,000 | 342,330 |
2.16%, 02/11/26 (a)(b) | 450,000 | 433,483 |
3.00%, 04/22/26 | 550,000 | 527,142 |
3.91%, 04/25/26 (a)(b) | 400,000 | 392,365 |
2.19%, 04/30/26 (a)(b) | 500,000 | 479,427 |
4.10%, 06/03/26 | 375,000 | 366,838 |
4.54%, 08/15/26 (a)(b) | 275,000 | 272,335 |
3.00%, 10/23/26 | 525,000 | 498,851 |
3.20%, 06/17/27 (a)(b) | 350,000 | 334,948 |
4.30%, 07/22/27 | 375,000 | 367,430 |
3.53%, 03/24/28 (a)(b) | 625,000 | 596,626 |
3.58%, 05/22/28 (a)(b) | 450,000 | 429,070 |
2.39%, 06/02/28 (a)(b) | 500,000 | 458,282 |
4.81%, 07/25/28 (a)(b) | 450,000 | 447,094 |
5.57%, 07/25/29 (a)(b) | 650,000 | 664,268 |
6.30%, 10/23/29 (a)(b) | 425,000 | 448,611 |
Wells Fargo Bank NA | ||
5.55%, 08/01/25 (a) | 300,000 | 303,183 |
5.45%, 08/07/26 (a) | 350,000 | 355,914 |
5.25%, 12/11/26 (a) | 250,000 | 253,226 |
Westpac Banking Corp. | ||
2.35%, 02/19/25 | 175,000 | 170,273 |
3.74%, 08/26/25 | 100,000 | 98,426 |
2.85%, 05/13/26 | 250,000 | 240,308 |
1.15%, 06/03/26 | 250,000 | 230,406 |
2.70%, 08/19/26 | 100,000 | 95,546 |
3.35%, 03/08/27 | 150,000 | 144,685 |
4.04%, 08/26/27 | 150,000 | 148,392 |
5.46%, 11/18/27 | 200,000 | 206,604 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 01/25/28 | 175,000 | 167,546 |
5.54%, 11/17/28 | 225,000 | 233,846 |
1.95%, 11/20/28 | 200,000 | 177,174 |
2.89%, 02/04/30 (a)(b) | 200,000 | 192,785 |
4.32%, 11/23/31 (a)(b) | 275,000 | 264,670 |
136,519,543 | ||
Brokerage/Asset Managers/Exchanges 1.6% | ||
Affiliated Managers Group, Inc. | ||
3.50%, 08/01/25 | 75,000 | 72,810 |
Ameriprise Financial, Inc. | ||
3.00%, 04/02/25 (a) | 75,000 | 73,181 |
2.88%, 09/15/26 (a) | 100,000 | 95,781 |
Ares Management Corp. | ||
6.38%, 11/10/28 (a) | 75,000 | 78,760 |
BGC Group, Inc. | ||
8.00%, 05/25/28 (a) | 75,000 | 78,894 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 125,000 | 121,163 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 75,000 | 73,882 |
Brookfield Finance, Inc. | ||
4.25%, 06/02/26 (a) | 100,000 | 97,833 |
3.90%, 01/25/28 (a) | 150,000 | 144,489 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 110,000 | 106,872 |
Charles Schwab Corp. | ||
3.00%, 03/10/25 (a)(e) | 40,000 | 38,980 |
4.20%, 03/24/25 (a)(e) | 85,000 | 84,068 |
3.63%, 04/01/25 (a)(e) | 55,000 | 54,041 |
3.85%, 05/21/25 (a)(e) | 95,000 | 93,319 |
3.45%, 02/13/26 (a)(e) | 30,000 | 29,098 |
0.90%, 03/11/26 (a)(e) | 175,000 | 160,522 |
1.15%, 05/13/26 (a)(e) | 135,000 | 123,839 |
5.88%, 08/24/26 (a)(e) | 100,000 | 102,617 |
3.20%, 03/02/27 (a)(e) | 75,000 | 71,612 |
2.45%, 03/03/27 (a)(e) | 210,000 | 195,659 |
3.30%, 04/01/27 (a)(e) | 50,000 | 47,741 |
3.20%, 01/25/28 (a)(e) | 90,000 | 85,025 |
2.00%, 03/20/28 (a)(e) | 160,000 | 142,633 |
5.64%, 05/19/29 (a)(b)(e) | 175,000 | 179,897 |
6.20%, 11/17/29 (a)(b)(e) | 175,000 | 183,989 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 125,000 | 122,403 |
3.75%, 06/15/28 (a) | 75,000 | 73,430 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 50,000 | 48,041 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 97,365 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 150,000 | 147,217 |
3.75%, 12/01/25 (a) | 250,000 | 245,764 |
3.10%, 09/15/27 (a) | 75,000 | 71,540 |
4.00%, 09/15/27 (a) | 250,000 | 245,661 |
3.75%, 09/21/28 (a) | 75,000 | 73,001 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 100,000 | 97,465 |
Janus Henderson U.S. Holdings, Inc. | ||
4.88%, 08/01/25 (a) | 75,000 | 74,262 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 200,000 | 199,388 |
5.88%, 07/21/28 (a) | 175,000 | 179,678 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lazard Group LLC | ||
3.75%, 02/13/25 | 110,000 | 107,772 |
3.63%, 03/01/27 (a) | 50,000 | 47,250 |
4.50%, 09/19/28 (a) | 50,000 | 48,746 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 100,000 | 99,728 |
LPL Holdings, Inc. | ||
6.75%, 11/17/28 (a) | 125,000 | 133,207 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 100,000 | 97,575 |
5.35%, 06/28/28 (a) | 150,000 | 154,537 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 200,000 | 194,040 |
1.85%, 07/16/25 | 200,000 | 189,309 |
1.65%, 07/14/26 | 200,000 | 182,979 |
2.33%, 01/22/27 | 200,000 | 183,563 |
5.39%, 07/06/27 | 200,000 | 200,889 |
6.07%, 07/12/28 | 200,000 | 206,868 |
2.17%, 07/14/28 | 200,000 | 175,746 |
6,234,129 | ||
Finance Companies 2.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.50%, 01/15/25 (a) | 150,000 | 146,839 |
6.50%, 07/15/25 (a) | 250,000 | 253,865 |
4.45%, 10/01/25 (a) | 150,000 | 147,292 |
1.75%, 01/30/26 (a) | 150,000 | 139,487 |
4.45%, 04/03/26 (a) | 150,000 | 147,436 |
2.45%, 10/29/26 (a) | 500,000 | 463,285 |
6.10%, 01/15/27 (a) | 250,000 | 255,465 |
6.45%, 04/15/27 (a)(c) | 150,000 | 155,382 |
3.65%, 07/21/27 (a) | 200,000 | 190,267 |
3.88%, 01/23/28 (a) | 100,000 | 95,395 |
5.75%, 06/06/28 (a) | 150,000 | 153,707 |
3.00%, 10/29/28 (a) | 450,000 | 410,909 |
Air Lease Corp. | ||
2.30%, 02/01/25 (a) | 100,000 | 96,515 |
3.25%, 03/01/25 (a) | 125,000 | 121,758 |
3.38%, 07/01/25 (a) | 125,000 | 121,111 |
2.88%, 01/15/26 (a) | 325,000 | 309,952 |
3.75%, 06/01/26 (a) | 125,000 | 120,848 |
1.88%, 08/15/26 (a) | 200,000 | 184,337 |
2.20%, 01/15/27 (a) | 100,000 | 91,689 |
3.63%, 04/01/27 (a) | 100,000 | 95,634 |
3.63%, 12/01/27 (a) | 120,000 | 113,719 |
5.30%, 02/01/28 (a) | 100,000 | 101,225 |
2.10%, 09/01/28 (a) | 50,000 | 43,896 |
4.63%, 10/01/28 (a) | 100,000 | 97,862 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 150,000 | 145,186 |
ARES Capital Corp. | ||
4.25%, 03/01/25 (a) | 95,000 | 92,826 |
3.25%, 07/15/25 (a) | 175,000 | 167,719 |
3.88%, 01/15/26 (a) | 200,000 | 192,300 |
2.15%, 07/15/26 (a) | 175,000 | 159,648 |
7.00%, 01/15/27 | 125,000 | 128,825 |
2.88%, 06/15/28 (a) | 225,000 | 199,572 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 100,000 | 93,158 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 50,000 | 45,706 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 50,000 | 46,959 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Blackstone Private Credit Fund | ||
2.70%, 01/15/25 (a) | 75,000 | 72,488 |
4.70%, 03/24/25 | 150,000 | 147,558 |
2.63%, 12/15/26 (a) | 250,000 | 226,596 |
3.25%, 03/15/27 (a) | 175,000 | 160,686 |
7.30%, 11/27/28 (a)(c) | 75,000 | 77,854 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 125,000 | 119,475 |
2.75%, 09/16/26 (a) | 100,000 | 91,799 |
2.13%, 02/15/27 (a) | 100,000 | 88,868 |
2.85%, 09/30/28 (a) | 75,000 | 65,099 |
Blue Owl Capital Corp. | ||
4.00%, 03/30/25 (a) | 80,000 | 77,829 |
3.75%, 07/22/25 (a) | 100,000 | 96,011 |
4.25%, 01/15/26 (a) | 75,000 | 72,594 |
3.40%, 07/15/26 (a) | 150,000 | 139,670 |
2.88%, 06/11/28 (a) | 150,000 | 131,992 |
Blue Owl Capital Corp. III | ||
3.13%, 04/13/27 (a) | 50,000 | 44,436 |
Blue Owl Credit Income Corp. | ||
3.13%, 09/23/26 (a) | 75,000 | 68,580 |
4.70%, 02/08/27 (a) | 100,000 | 94,774 |
7.75%, 09/16/27 (a) | 125,000 | 129,637 |
7.95%, 06/13/28 (a)(c) | 100,000 | 103,720 |
Blue Owl Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 50,000 | 43,707 |
FS KKR Capital Corp. | ||
4.13%, 02/01/25 (a) | 60,000 | 58,509 |
3.40%, 01/15/26 (a) | 175,000 | 165,857 |
2.63%, 01/15/27 (a) | 50,000 | 44,907 |
3.25%, 07/15/27 (a) | 100,000 | 91,236 |
3.13%, 10/12/28 (a) | 125,000 | 109,257 |
GATX Corp. | ||
3.25%, 03/30/25 (a) | 50,000 | 48,689 |
3.25%, 09/15/26 (a) | 75,000 | 71,613 |
3.50%, 03/15/28 (a) | 75,000 | 70,616 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 60,000 | 58,823 |
2.88%, 01/15/26 (a) | 75,000 | 71,315 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 100,000 | 90,907 |
2.05%, 02/15/27 (a) | 50,000 | 44,127 |
7.05%, 12/05/28 (a) | 50,000 | 52,697 |
Hercules Capital, Inc. | ||
2.63%, 09/16/26 (a) | 75,000 | 67,699 |
3.38%, 01/20/27 (a) | 25,000 | 22,766 |
Main Street Capital Corp. | ||
3.00%, 07/14/26 (a) | 75,000 | 68,613 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 75,000 | 72,386 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 60,000 | 58,087 |
2.70%, 01/15/27 (a) | 50,000 | 44,826 |
Oaktree Strategic Credit Fund | ||
8.40%, 11/14/28 (a)(c) | 75,000 | 79,313 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 75,000 | 70,596 |
3.36%, 11/15/26 (a) | 50,000 | 45,044 |
3.44%, 10/15/28 (a) | 50,000 | 42,157 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 50,000 | 45,728 |
6.95%, 08/14/28 (a) | 50,000 | 51,655 |
9,030,570 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Financial Other 0.1% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 50,000 | 44,270 |
ORIX Corp. | ||
3.70%, 07/18/27 | 50,000 | 48,197 |
5.00%, 09/13/27 | 100,000 | 100,967 |
193,434 | ||
Insurance 2.7% | ||
Aegon Ltd. | ||
5.50%, 04/11/48 (a)(b) | 200,000 | 190,650 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 75,000 | 69,258 |
2.88%, 10/15/26 (a) | 50,000 | 47,589 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 97,532 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 100,000 | 92,343 |
3.28%, 12/15/26 (a) | 100,000 | 96,656 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 96,112 |
American International Group, Inc. | ||
4.20%, 04/01/28 (a) | 50,000 | 48,942 |
5.75%, 04/01/48 (a)(b) | 110,000 | 108,828 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 106,825 |
Aon Corp./Aon Global Holdings PLC | ||
2.85%, 05/28/27 (a) | 75,000 | 70,931 |
Aon Global Ltd. | ||
3.88%, 12/15/25 (a) | 100,000 | 97,994 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 100,000 | 97,175 |
Assured Guaranty U.S. Holdings, Inc. | ||
6.13%, 09/15/28 (a) | 50,000 | 52,502 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 200,000 | 191,551 |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a) | 100,000 | 94,672 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 375,000 | 364,764 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 100,000 | 94,693 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 350,000 | 338,275 |
2.45%, 07/15/28 (a) | 350,000 | 312,680 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 125,000 | 122,335 |
3.35%, 05/03/26 (a) | 225,000 | 219,007 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 50,000 | 53,712 |
CNA Financial Corp. | ||
4.50%, 03/01/26 (a) | 75,000 | 74,264 |
3.45%, 08/15/27 (a) | 100,000 | 95,792 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 75,000 | 74,640 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a) | 150,000 | 146,398 |
3.65%, 04/05/27 (a) | 200,000 | 192,725 |
6.88%, 12/15/52 (a)(b) | 150,000 | 149,789 |
Elevance Health, Inc. | ||
2.38%, 01/15/25 (a) | 250,000 | 242,978 |
1.50%, 03/15/26 (a) | 125,000 | 116,630 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.65%, 12/01/27 (a) | 275,000 | 266,983 |
4.10%, 03/01/28 (a) | 200,000 | 197,170 |
Enstar Finance LLC | ||
5.75%, 09/01/40 (a)(b) | 75,000 | 70,970 |
5.50%, 01/15/42 (a)(b) | 75,000 | 63,907 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 280,000 | 271,021 |
F&G Annuities & Life, Inc. | ||
7.40%, 01/13/28 (a) | 75,000 | 77,397 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 100,000 | 98,717 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 50,000 | 48,777 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 100,000 | 99,409 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 75,000 | 73,786 |
Horace Mann Educators Corp. | ||
7.25%, 09/15/28 (a) | 50,000 | 53,230 |
Humana, Inc. | ||
4.50%, 04/01/25 (a) | 100,000 | 99,279 |
5.70%, 03/13/26 (a) | 50,000 | 50,046 |
1.35%, 02/03/27 (a) | 125,000 | 112,868 |
3.95%, 03/15/27 (a) | 100,000 | 97,886 |
5.75%, 03/01/28 (a) | 75,000 | 78,044 |
5.75%, 12/01/28 (a) | 75,000 | 78,436 |
Jackson Financial, Inc. | ||
5.17%, 06/08/27 (a) | 75,000 | 75,015 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 70,000 | 68,632 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 50,000 | 48,620 |
3.80%, 03/01/28 (a) | 100,000 | 96,117 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 150,000 | 146,400 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 175,000 | 172,957 |
4.06%, 02/24/32 (a)(b) | 125,000 | 118,350 |
Markel Group, Inc. | ||
3.50%, 11/01/27 (a) | 50,000 | 47,650 |
Marsh & McLennan Cos., Inc. | ||
3.50%, 03/10/25 (a) | 75,000 | 73,719 |
3.75%, 03/14/26 (a) | 100,000 | 98,175 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 75,000 | 71,888 |
MetLife, Inc. | ||
3.00%, 03/01/25 | 100,000 | 97,850 |
3.60%, 11/13/25 (a) | 75,000 | 73,817 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 75,000 | 72,336 |
Principal Financial Group, Inc. | ||
3.40%, 05/15/25 (a) | 100,000 | 97,771 |
Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 93,996 |
2.50%, 03/15/27 (a) | 75,000 | 70,499 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 93,335 |
5.38%, 05/15/45 (a)(b) | 250,000 | 247,395 |
4.50%, 09/15/47 (a)(b) | 125,000 | 116,889 |
5.70%, 09/15/48 (a)(b) | 100,000 | 97,435 |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 75,000 | 75,128 |
4.88%, 03/15/27 (a) | 75,000 | 73,102 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Reinsurance Group of America, Inc. | ||
3.95%, 09/15/26 (a) | 125,000 | 121,317 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 45,000 | 44,015 |
3.45%, 07/01/27 (a) | 100,000 | 94,685 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 100,000 | 98,933 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 100,000 | 98,619 |
5.15%, 10/15/25 | 125,000 | 126,531 |
3.70%, 12/15/25 | 100,000 | 98,434 |
1.25%, 01/15/26 | 100,000 | 93,727 |
3.10%, 03/15/26 | 200,000 | 194,451 |
1.15%, 05/15/26 (a) | 200,000 | 185,407 |
3.45%, 01/15/27 | 125,000 | 122,271 |
3.70%, 05/15/27 (a) | 150,000 | 147,035 |
2.95%, 10/15/27 | 200,000 | 190,213 |
5.25%, 02/15/28 (a) | 100,000 | 103,489 |
3.85%, 06/15/28 | 175,000 | 171,519 |
3.88%, 12/15/28 | 100,000 | 98,000 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 75,000 | 72,572 |
4.70%, 01/23/48 (a)(b) | 55,000 | 45,499 |
Willis North America, Inc. | ||
4.65%, 06/15/27 (a) | 100,000 | 99,188 |
4.50%, 09/15/28 (a) | 100,000 | 97,534 |
10,526,683 | ||
REITs 2.8% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 50,000 | 43,488 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 100,000 | 97,767 |
4.30%, 01/15/26 (a) | 50,000 | 49,236 |
3.95%, 01/15/27 (a) | 100,000 | 96,808 |
3.95%, 01/15/28 (a) | 75,000 | 71,962 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 97,162 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25 (a) | 75,000 | 73,488 |
3.50%, 11/15/25 (a) | 100,000 | 97,284 |
2.95%, 05/11/26 (a) | 125,000 | 120,018 |
3.35%, 05/15/27 (a) | 75,000 | 71,850 |
1.90%, 12/01/28 (a) | 50,000 | 44,185 |
Boston Properties LP | ||
3.20%, 01/15/25 (a) | 170,000 | 165,338 |
3.65%, 02/01/26 (a) | 200,000 | 192,722 |
6.75%, 12/01/27 (a) | 125,000 | 131,164 |
4.50%, 12/01/28 (a) | 175,000 | 166,791 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 20,000 | 19,593 |
4.13%, 06/15/26 (a) | 150,000 | 145,501 |
3.90%, 03/15/27 (a) | 50,000 | 47,715 |
2.25%, 04/01/28 (a) | 50,000 | 44,455 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 75,000 | 73,049 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 75,000 | 70,147 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 50,000 | 48,831 |
3.13%, 09/01/26 (a) | 50,000 | 47,524 |
2.25%, 12/15/28 (a) | 50,000 | 44,181 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 150,000 | 144,802 |
5.55%, 01/15/28 (a) | 150,000 | 153,074 |
4.45%, 07/15/28 (a) | 125,000 | 122,536 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 25,000 | 24,010 |
4.50%, 06/01/27 (a) | 100,000 | 94,161 |
4.95%, 04/15/28 (a) | 125,000 | 119,203 |
ERP Operating LP | ||
3.25%, 08/01/27 (a) | 150,000 | 142,856 |
3.50%, 03/01/28 (a) | 100,000 | 95,759 |
4.15%, 12/01/28 (a) | 50,000 | 49,135 |
Essex Portfolio LP | ||
3.50%, 04/01/25 (a) | 15,000 | 14,695 |
3.63%, 05/01/27 (a) | 75,000 | 71,649 |
1.70%, 03/01/28 (a) | 100,000 | 87,799 |
Extra Space Storage LP | ||
3.50%, 07/01/26 (a) | 100,000 | 96,329 |
3.88%, 12/15/27 (a) | 75,000 | 71,982 |
5.70%, 04/01/28 (a) | 100,000 | 102,620 |
Federal Realty OP LP | ||
1.25%, 02/15/26 (a) | 100,000 | 92,325 |
5.38%, 05/01/28 (a) | 100,000 | 101,079 |
Healthcare Realty Holdings LP | ||
3.50%, 08/01/26 (a) | 100,000 | 95,563 |
3.75%, 07/01/27 (a) | 75,000 | 71,096 |
Healthpeak OP LLC | ||
3.40%, 02/01/25 (a) | 25,000 | 24,430 |
4.00%, 06/01/25 (a) | 100,000 | 98,149 |
1.35%, 02/01/27 (a) | 125,000 | 112,337 |
2.13%, 12/01/28 (a) | 75,000 | 66,036 |
Highwoods Realty LP | ||
3.88%, 03/01/27 (a) | 75,000 | 69,716 |
4.13%, 03/15/28 (a) | 50,000 | 46,189 |
Host Hotels & Resorts LP | ||
4.50%, 02/01/26 (a) | 100,000 | 98,269 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 75,000 | 63,264 |
5.95%, 02/15/28 (a) | 50,000 | 44,840 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 75,000 | 66,899 |
Kilroy Realty LP | ||
4.38%, 10/01/25 (a) | 50,000 | 48,730 |
4.75%, 12/15/28 (a) | 50,000 | 47,668 |
Kimco Realty OP LLC | ||
3.30%, 02/01/25 (a) | 125,000 | 122,227 |
2.80%, 10/01/26 (a) | 100,000 | 94,347 |
1.90%, 03/01/28 (a) | 75,000 | 66,205 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 94,752 |
LXP Industrial Trust | ||
6.75%, 11/15/28 (a) | 50,000 | 52,630 |
Mid-America Apartments LP | ||
4.00%, 11/15/25 (a) | 100,000 | 98,269 |
1.10%, 09/15/26 (a) | 125,000 | 113,599 |
3.60%, 06/01/27 (a) | 50,000 | 48,329 |
NNN REIT, Inc. | ||
4.00%, 11/15/25 (a) | 75,000 | 73,578 |
3.50%, 10/15/27 (a) | 100,000 | 94,529 |
4.30%, 10/15/28 (a) | 50,000 | 48,507 |
Omega Healthcare Investors, Inc. | ||
4.50%, 01/15/25 (a) | 75,000 | 73,890 |
5.25%, 01/15/26 (a) | 75,000 | 74,657 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 04/01/27 (a) | 125,000 | 120,197 |
4.75%, 01/15/28 (a) | 75,000 | 72,517 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 75,000 | 73,109 |
3.95%, 01/15/28 (a) | 50,000 | 47,634 |
Piedmont Operating Partnership LP | ||
9.25%, 07/20/28 (a) | 75,000 | 79,346 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 75,000 | 72,579 |
3.25%, 10/01/26 (a) | 75,000 | 72,445 |
3.38%, 12/15/27 (a) | 100,000 | 95,446 |
3.88%, 09/15/28 (a) | 200,000 | 193,531 |
Public Storage Operating Co. | ||
0.88%, 02/15/26 (a) | 100,000 | 92,589 |
1.50%, 11/09/26 (a) | 200,000 | 183,947 |
3.09%, 09/15/27 (a) | 100,000 | 95,345 |
1.85%, 05/01/28 (a) | 50,000 | 45,045 |
1.95%, 11/09/28 (a) | 50,000 | 44,671 |
Realty Income Corp. | ||
3.88%, 04/15/25 (a) | 75,000 | 73,761 |
4.63%, 11/01/25 (a) | 150,000 | 149,171 |
0.75%, 03/15/26 (a) | 175,000 | 159,622 |
4.88%, 06/01/26 (a) | 75,000 | 75,100 |
4.13%, 10/15/26 (a) | 100,000 | 98,285 |
3.00%, 01/15/27 (a) | 150,000 | 142,506 |
3.95%, 08/15/27 (a) | 100,000 | 97,367 |
3.40%, 01/15/28 (a) | 100,000 | 95,210 |
2.20%, 06/15/28 (a) | 25,000 | 22,444 |
4.70%, 12/15/28 (a) | 50,000 | 50,406 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 125,000 | 120,346 |
Retail Opportunity Investments Partnership LP | ||
6.75%, 10/15/28 (a) | 50,000 | 52,599 |
Rexford Industrial Realty LP | ||
5.00%, 06/15/28 (a) | 75,000 | 75,669 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 75,000 | 73,874 |
Simon Property Group LP | ||
3.50%, 09/01/25 (a) | 175,000 | 171,165 |
3.30%, 01/15/26 (a) | 125,000 | 121,328 |
3.25%, 11/30/26 (a) | 135,000 | 129,869 |
1.38%, 01/15/27 (a) | 75,000 | 68,548 |
3.38%, 06/15/27 (a) | 150,000 | 143,969 |
3.38%, 12/01/27 (a) | 185,000 | 176,823 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 100,000 | 97,389 |
4.25%, 02/01/26 (a) | 100,000 | 97,585 |
4.70%, 06/01/27 (a) | 50,000 | 49,294 |
Spirit Realty LP | ||
3.20%, 01/15/27 (a) | 75,000 | 70,940 |
2.10%, 03/15/28 (a) | 100,000 | 88,906 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 50,000 | 46,468 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 50,000 | 43,969 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 50,000 | 46,932 |
3.88%, 07/15/27 (a) | 50,000 | 45,914 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 75,000 | 71,237 |
3.50%, 07/01/27 (a) | 110,000 | 104,955 |
Ventas Realty LP | ||
2.65%, 01/15/25 (a) | 110,000 | 106,647 |
4.13%, 01/15/26 (a) | 155,000 | 151,434 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 10/15/26 (a) | 75,000 | 71,088 |
4.00%, 03/01/28 (a) | 100,000 | 95,633 |
Welltower OP LLC | ||
4.00%, 06/01/25 (a) | 200,000 | 196,486 |
4.25%, 04/01/26 (a) | 125,000 | 123,210 |
2.70%, 02/15/27 (a) | 75,000 | 70,496 |
4.25%, 04/15/28 (a) | 100,000 | 98,221 |
WP Carey, Inc. | ||
4.00%, 02/01/25 (a) | 75,000 | 73,926 |
4.25%, 10/01/26 (a) | 75,000 | 73,302 |
10,863,473 | ||
173,367,832 | ||
Industrial 48.8% | ||
Basic Industry 1.8% | ||
Air Products & Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 50,000 | 47,351 |
1.85%, 05/15/27 (a) | 100,000 | 92,189 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 100,000 | 98,378 |
AngloGold Ashanti Holdings PLC | ||
3.38%, 11/01/28 (a) | 200,000 | 180,540 |
ArcelorMittal SA | ||
4.55%, 03/11/26 | 75,000 | 73,959 |
6.55%, 11/29/27 (a) | 150,000 | 157,514 |
BHP Billiton Finance USA Ltd. | ||
4.88%, 02/27/26 | 175,000 | 176,001 |
6.42%, 03/01/26 | 50,000 | 51,737 |
4.75%, 02/28/28 (a) | 189,000 | 191,037 |
5.10%, 09/08/28 (a) | 150,000 | 154,359 |
Celanese U.S. Holdings LLC | ||
6.05%, 03/15/25 | 150,000 | 150,893 |
1.40%, 08/05/26 (a) | 50,000 | 45,601 |
6.17%, 07/15/27 (a) | 300,000 | 307,826 |
6.35%, 11/15/28 (a) | 150,000 | 157,382 |
Celulosa Arauco y Constitucion SA | ||
3.88%, 11/02/27 (a) | 200,000 | 186,785 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 100,000 | 101,077 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 300,000 | 298,303 |
4.73%, 11/15/28 (a) | 300,000 | 305,005 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 125,000 | 122,958 |
4.50%, 12/01/28 (a) | 50,000 | 48,990 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 100,000 | 95,828 |
1.65%, 02/01/27 (a) | 125,000 | 115,016 |
3.25%, 12/01/27 (a) | 125,000 | 120,220 |
5.25%, 01/15/28 (a) | 35,000 | 36,213 |
EIDP, Inc. | ||
1.70%, 07/15/25 (a) | 150,000 | 142,425 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 125,000 | 118,442 |
Freeport-McMoRan, Inc. | ||
4.13%, 03/01/28 (a) | 125,000 | 120,087 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 75,000 | 73,194 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 75,000 | 73,441 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 15,000 | 14,641 |
4.70%, 12/05/25 (a) | 75,000 | 75,176 |
3.20%, 01/30/26 (a) | 225,000 | 218,840 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 100,000 | 96,529 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 75,000 | 70,106 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 125,000 | 122,019 |
5.38%, 11/15/28 (a) | 50,000 | 51,101 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 100,000 | 96,142 |
4.30%, 05/23/27 (a) | 150,000 | 148,647 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 50,000 | 48,604 |
4.00%, 12/15/26 (a) | 75,000 | 73,438 |
4.90%, 03/27/28 (a) | 150,000 | 151,751 |
Packaging Corp. of America | ||
3.40%, 12/15/27 (a) | 100,000 | 95,444 |
PPG Industries, Inc. | ||
1.20%, 03/15/26 (a) | 125,000 | 115,663 |
3.75%, 03/15/28 (a) | 100,000 | 96,439 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 70,237 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 130,000 | 143,435 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 75,000 | 72,197 |
Sherwin-Williams Co. | ||
3.45%, 08/01/25 (a) | 75,000 | 73,071 |
4.25%, 08/08/25 | 25,000 | 24,797 |
3.95%, 01/15/26 (a) | 50,000 | 49,203 |
3.45%, 06/01/27 (a) | 250,000 | 241,628 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 98,063 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 85,000 | 81,465 |
5.00%, 12/15/26 (a) | 75,000 | 75,393 |
1.65%, 10/15/27 (a) | 50,000 | 44,590 |
Suzano International Finance BV | ||
4.00%, 01/14/25 | 75,000 | 73,489 |
5.50%, 01/17/27 | 75,000 | 75,935 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 100,000 | 102,609 |
Westlake Corp. | ||
3.60%, 08/15/26 (a) | 125,000 | 120,849 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 50,000 | 53,660 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 100,000 | 98,131 |
4.65%, 03/15/26 (a) | 150,000 | 149,066 |
4.00%, 03/15/28 (a) | 100,000 | 96,629 |
3.90%, 06/01/28 (a) | 100,000 | 95,540 |
7,157,278 | ||
Capital Goods 5.4% | ||
3M Co. | ||
2.00%, 02/14/25 (a) | 120,000 | 115,615 |
2.65%, 04/15/25 (a) | 75,000 | 72,718 |
3.00%, 08/07/25 | 100,000 | 97,014 |
2.88%, 10/15/27 (a) | 150,000 | 141,308 |
3.63%, 09/14/28 (a) | 75,000 | 71,576 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Allegion U.S. Holding Co., Inc. | ||
3.55%, 10/01/27 (a) | 50,000 | 47,556 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 150,000 | 145,074 |
4.50%, 05/15/28 (a) | 100,000 | 97,754 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 75,000 | 72,465 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 75,000 | 76,008 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 270,000 | 251,133 |
1.65%, 01/15/27 (a) | 100,000 | 90,265 |
Boeing Co. | ||
4.88%, 05/01/25 (a) | 500,000 | 497,931 |
2.60%, 10/30/25 (a) | 50,000 | 47,823 |
2.75%, 02/01/26 (a) | 200,000 | 191,500 |
2.20%, 02/04/26 (a) | 800,000 | 756,171 |
3.10%, 05/01/26 (a) | 100,000 | 96,218 |
2.25%, 06/15/26 (a) | 75,000 | 70,340 |
2.70%, 02/01/27 (a) | 150,000 | 141,578 |
2.80%, 03/01/27 (a) | 50,000 | 47,185 |
5.04%, 05/01/27 (a) | 300,000 | 302,827 |
3.25%, 02/01/28 (a) | 150,000 | 142,397 |
3.25%, 03/01/28 (a) | 75,000 | 70,551 |
3.45%, 11/01/28 (a) | 75,000 | 70,750 |
Carlisle Cos., Inc. | ||
3.75%, 12/01/27 (a) | 100,000 | 95,975 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 180,000 | 174,211 |
5.80%, 11/30/25 (c) | 100,000 | 101,407 |
2.49%, 02/15/27 (a) | 150,000 | 141,194 |
Caterpillar Financial Services Corp. | ||
4.90%, 01/17/25 | 175,000 | 175,181 |
5.40%, 03/10/25 | 75,000 | 75,618 |
3.40%, 05/13/25 | 275,000 | 270,440 |
3.65%, 08/12/25 | 175,000 | 172,257 |
0.80%, 11/13/25 | 200,000 | 186,861 |
4.80%, 01/06/26 | 200,000 | 201,419 |
0.90%, 03/02/26 | 150,000 | 139,089 |
4.35%, 05/15/26 | 75,000 | 74,878 |
1.15%, 09/14/26 | 100,000 | 91,859 |
1.70%, 01/08/27 | 100,000 | 92,511 |
3.60%, 08/12/27 | 100,000 | 97,798 |
1.10%, 09/14/27 | 185,000 | 165,451 |
CNH Industrial Capital LLC | ||
3.95%, 05/23/25 | 75,000 | 73,738 |
5.45%, 10/14/25 | 75,000 | 75,468 |
1.88%, 01/15/26 (a) | 100,000 | 93,874 |
1.45%, 07/15/26 (a) | 100,000 | 91,892 |
4.55%, 04/10/28 (a) | 100,000 | 98,733 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 50,000 | 48,448 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 125,000 | 121,959 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 75,000 | 72,640 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 100,000 | 95,805 |
4.35%, 05/18/28 (a) | 100,000 | 100,381 |
Emerson Electric Co. | ||
3.15%, 06/01/25 (a) | 100,000 | 97,838 |
0.88%, 10/15/26 (a) | 150,000 | 136,172 |
2.00%, 12/21/28 (a) | 150,000 | 134,583 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 150,000 | 144,170 |
Fortune Brands Innovations, Inc. | ||
4.00%, 06/15/25 (a) | 100,000 | 98,558 |
GE Capital International Funding Co. Unlimited Co. | ||
3.37%, 11/15/25 | 50,000 | 48,552 |
General Dynamics Corp. | ||
3.25%, 04/01/25 (a) | 100,000 | 98,074 |
3.50%, 05/15/25 (a) | 100,000 | 98,317 |
1.15%, 06/01/26 (a) | 75,000 | 69,448 |
2.13%, 08/15/26 (a) | 75,000 | 70,817 |
3.50%, 04/01/27 (a) | 125,000 | 121,820 |
2.63%, 11/15/27 (a) | 50,000 | 46,920 |
3.75%, 05/15/28 (a) | 175,000 | 172,015 |
HEICO Corp. | ||
5.25%, 08/01/28 (a) | 110,000 | 112,450 |
Hexcel Corp. | ||
4.95%, 08/15/25 (a) | 55,000 | 54,617 |
4.20%, 02/15/27 (a) | 75,000 | 72,301 |
Honeywell International, Inc. | ||
1.35%, 06/01/25 (a) | 225,000 | 214,963 |
2.50%, 11/01/26 (a) | 275,000 | 262,026 |
1.10%, 03/01/27 (a) | 150,000 | 136,222 |
Howmet Aerospace, Inc. | ||
5.90%, 02/01/27 | 100,000 | 102,684 |
6.75%, 01/15/28 | 75,000 | 79,014 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 50,000 | 48,458 |
3.15%, 08/15/27 (a) | 130,000 | 123,263 |
Huntington Ingalls Industries, Inc. | ||
3.84%, 05/01/25 (a) | 125,000 | 122,494 |
3.48%, 12/01/27 (a) | 50,000 | 47,363 |
2.04%, 08/16/28 (a) | 100,000 | 88,202 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 150,000 | 143,342 |
Ingersoll Rand, Inc. | ||
5.40%, 08/14/28 (a) | 75,000 | 77,325 |
John Deere Capital Corp. | ||
2.05%, 01/09/25 | 20,000 | 19,456 |
5.15%, 03/03/25 | 75,000 | 75,455 |
2.13%, 03/07/25 | 70,000 | 67,862 |
3.45%, 03/13/25 | 100,000 | 98,504 |
3.40%, 06/06/25 | 150,000 | 147,615 |
4.95%, 06/06/25 | 150,000 | 150,667 |
4.05%, 09/08/25 | 200,000 | 198,279 |
3.40%, 09/11/25 | 125,000 | 122,558 |
4.80%, 01/09/26 | 200,000 | 201,194 |
0.70%, 01/15/26 | 225,000 | 208,748 |
2.65%, 06/10/26 | 100,000 | 95,766 |
1.05%, 06/17/26 | 125,000 | 115,196 |
1.30%, 10/13/26 | 75,000 | 69,009 |
1.70%, 01/11/27 | 100,000 | 92,389 |
2.35%, 03/08/27 | 100,000 | 94,097 |
1.75%, 03/09/27 | 100,000 | 92,134 |
2.80%, 09/08/27 | 100,000 | 94,855 |
4.15%, 09/15/27 | 150,000 | 149,119 |
4.75%, 01/20/28 | 200,000 | 203,504 |
4.90%, 03/03/28 | 100,000 | 101,930 |
1.50%, 03/06/28 | 100,000 | 89,369 |
4.95%, 07/14/28 | 225,000 | 230,770 |
Johnson Controls International PLC | ||
3.90%, 02/14/26 (a) | 100,000 | 97,776 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 50,000 | 48,845 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 100,000 | 98,296 |
3.85%, 12/15/26 (a) | 50,000 | 49,049 |
5.40%, 01/15/27 | 100,000 | 102,168 |
4.40%, 06/15/28 (a) | 350,000 | 345,932 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 75,000 | 70,907 |
Legrand France SA | ||
8.50%, 02/15/25 | 70,000 | 72,820 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 75,000 | 70,654 |
5.50%, 09/15/28 (a) | 75,000 | 77,171 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 125,000 | 122,893 |
5.10%, 11/15/27 (a) | 150,000 | 154,957 |
4.45%, 05/15/28 (a) | 100,000 | 100,699 |
Martin Marietta Materials, Inc. | ||
3.50%, 12/15/27 (a) | 100,000 | 95,976 |
Masco Corp. | ||
3.50%, 11/15/27 (a) | 50,000 | 47,582 |
1.50%, 02/15/28 (a) | 100,000 | 87,696 |
Mohawk Industries, Inc. | ||
5.85%, 09/18/28 (a) | 125,000 | 129,729 |
Nordson Corp. | ||
5.60%, 09/15/28 (a) | 50,000 | 52,033 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 250,000 | 244,408 |
3.20%, 02/01/27 (a) | 150,000 | 144,448 |
3.25%, 01/15/28 (a) | 250,000 | 239,279 |
nVent Finance SARL | ||
4.55%, 04/15/28 (a) | 100,000 | 97,337 |
Oshkosh Corp. | ||
4.60%, 05/15/28 (a) | 50,000 | 49,347 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 200,000 | 192,474 |
2.29%, 04/05/27 (a) | 100,000 | 93,311 |
5.25%, 08/16/28 (a) | 100,000 | 102,984 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 75,000 | 72,366 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27 (a) | 100,000 | 96,057 |
4.25%, 09/15/27 (a) | 195,000 | 193,355 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 150,000 | 146,967 |
Regal Rexnord Corp. | ||
6.05%, 02/15/26 (c) | 200,000 | 202,238 |
6.05%, 04/15/28 (a)(c) | 180,000 | 182,497 |
Republic Services, Inc. | ||
3.20%, 03/15/25 (a) | 80,000 | 78,220 |
0.88%, 11/15/25 (a) | 50,000 | 46,360 |
3.38%, 11/15/27 (a) | 150,000 | 144,246 |
3.95%, 05/15/28 (a) | 125,000 | 122,724 |
Rockwell Automation, Inc. | ||
2.88%, 03/01/25 (a) | 50,000 | 48,905 |
RTX Corp. | ||
3.95%, 08/16/25 (a) | 225,000 | 221,830 |
2.65%, 11/01/26 (a) | 125,000 | 118,443 |
5.75%, 11/08/26 (a) | 250,000 | 256,804 |
3.50%, 03/15/27 (a) | 200,000 | 192,897 |
3.13%, 05/04/27 (a) | 175,000 | 166,602 |
7.20%, 08/15/27 | 25,000 | 27,050 |
4.13%, 11/16/28 (a) | 450,000 | 439,773 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 50,000 | 48,347 |
Sonoco Products Co. | ||
1.80%, 02/01/25 (a) | 60,000 | 57,755 |
2.25%, 02/01/27 (a) | 50,000 | 46,080 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 150,000 | 145,180 |
6.27%, 03/06/26 (a) | 75,000 | 75,396 |
6.00%, 03/06/28 (a) | 100,000 | 105,297 |
4.25%, 11/15/28 (a) | 50,000 | 49,036 |
4.00%, 03/15/60 (a)(b) | 100,000 | 83,682 |
Teledyne Technologies, Inc. | ||
1.60%, 04/01/26 (a) | 100,000 | 92,819 |
2.25%, 04/01/28 (a) | 100,000 | 90,677 |
Textron, Inc. | ||
3.88%, 03/01/25 (a) | 75,000 | 73,816 |
4.00%, 03/15/26 (a) | 75,000 | 73,549 |
3.65%, 03/15/27 (a) | 75,000 | 72,083 |
3.38%, 03/01/28 (a) | 50,000 | 47,310 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 50,000 | 48,678 |
Trane Technologies Financing Ltd. | ||
3.50%, 03/21/26 (a) | 75,000 | 73,020 |
Trane Technologies Global Holding Co. Ltd. | ||
3.75%, 08/21/28 (a) | 100,000 | 97,677 |
Veralto Corp. | ||
5.50%, 09/18/26 (a)(c) | 100,000 | 101,682 |
5.35%, 09/18/28 (a)(c) | 125,000 | 128,171 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 100,000 | 92,017 |
2.40%, 04/01/28 (a) | 75,000 | 66,360 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 100,000 | 98,924 |
3.90%, 04/01/27 (a) | 75,000 | 72,623 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 75,000 | 73,436 |
0.75%, 11/15/25 (a) | 75,000 | 69,734 |
3.15%, 11/15/27 (a) | 100,000 | 95,876 |
1.15%, 03/15/28 (a) | 100,000 | 88,087 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 75,000 | 72,624 |
3.45%, 11/15/26 (a) | 125,000 | 119,623 |
4.70%, 09/15/28 (a)(f) | 150,000 | 148,477 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 90,000 | 86,936 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 75,000 | 72,338 |
1.95%, 01/30/28 (a) | 100,000 | 90,605 |
21,087,348 | ||
Communications 5.6% | ||
American Tower Corp. | ||
2.95%, 01/15/25 (a) | 100,000 | 97,590 |
2.40%, 03/15/25 (a) | 115,000 | 111,296 |
4.00%, 06/01/25 (a) | 150,000 | 147,612 |
1.30%, 09/15/25 (a) | 100,000 | 93,810 |
4.40%, 02/15/26 (a) | 100,000 | 98,847 |
1.60%, 04/15/26 (a) | 125,000 | 115,672 |
1.45%, 09/15/26 (a) | 100,000 | 91,231 |
3.38%, 10/15/26 (a) | 150,000 | 143,928 |
2.75%, 01/15/27 (a) | 150,000 | 140,717 |
3.13%, 01/15/27 (a) | 75,000 | 71,014 |
3.55%, 07/15/27 (a) | 100,000 | 96,068 |
3.60%, 01/15/28 (a) | 175,000 | 166,983 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.50%, 01/31/28 (a) | 100,000 | 87,485 |
5.25%, 07/15/28 (a) | 125,000 | 127,136 |
5.80%, 11/15/28 (a) | 100,000 | 104,178 |
AT&T, Inc. | ||
3.88%, 01/15/26 (a) | 100,000 | 98,073 |
5.54%, 02/20/26 (a) | 100,000 | 100,108 |
1.70%, 03/25/26 (a) | 475,000 | 444,465 |
2.95%, 07/15/26 (a) | 50,000 | 47,765 |
3.80%, 02/15/27 (a) | 100,000 | 97,628 |
4.25%, 03/01/27 (a) | 250,000 | 247,359 |
2.30%, 06/01/27 (a) | 400,000 | 371,526 |
1.65%, 02/01/28 (a) | 275,000 | 245,019 |
4.10%, 02/15/28 (a) | 300,000 | 293,505 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 650,000 | 644,103 |
6.15%, 11/10/26 (a) | 175,000 | 179,043 |
3.75%, 02/15/28 (a) | 150,000 | 141,905 |
4.20%, 03/15/28 (a) | 200,000 | 192,405 |
Comcast Corp. | ||
3.38%, 08/15/25 (a) | 250,000 | 244,461 |
3.95%, 10/15/25 (a) | 450,000 | 444,348 |
3.15%, 03/01/26 (a) | 350,000 | 339,892 |
2.35%, 01/15/27 (a) | 200,000 | 188,031 |
3.30%, 02/01/27 (a) | 225,000 | 217,292 |
3.30%, 04/01/27 (a) | 140,000 | 134,891 |
5.35%, 11/15/27 (a) | 125,000 | 129,254 |
3.15%, 02/15/28 (a) | 225,000 | 214,603 |
3.55%, 05/01/28 (a) | 150,000 | 144,988 |
4.15%, 10/15/28 (a) | 700,000 | 690,850 |
Crown Castle, Inc. | ||
1.35%, 07/15/25 (a) | 100,000 | 94,512 |
4.45%, 02/15/26 (a) | 175,000 | 172,467 |
3.70%, 06/15/26 (a) | 50,000 | 48,337 |
1.05%, 07/15/26 (a) | 160,000 | 144,571 |
4.00%, 03/01/27 (a) | 100,000 | 96,891 |
2.90%, 03/15/27 (a) | 125,000 | 117,133 |
3.65%, 09/01/27 (a) | 150,000 | 142,825 |
5.00%, 01/11/28 (a) | 250,000 | 249,365 |
3.80%, 02/15/28 (a) | 150,000 | 142,779 |
Discovery Communications LLC | ||
3.95%, 06/15/25 (a) | 125,000 | 122,196 |
4.90%, 03/11/26 (a) | 100,000 | 99,829 |
3.95%, 03/20/28 (a) | 250,000 | 238,415 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 75,174 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 95,000 | 92,531 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 75,000 | 74,280 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 400,000 | 389,543 |
4.60%, 05/15/28 (a) | 250,000 | 253,933 |
Netflix, Inc. | ||
5.88%, 02/15/25 | 125,000 | 126,024 |
4.38%, 11/15/26 | 175,000 | 174,256 |
4.88%, 04/15/28 | 275,000 | 278,614 |
5.88%, 11/15/28 | 250,000 | 264,270 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26 (a) | 225,000 | 219,449 |
Paramount Global | ||
3.38%, 02/15/28 (a) | 150,000 | 137,253 |
3.70%, 06/01/28 (a) | 50,000 | 46,271 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a) | 150,000 | 145,893 |
3.63%, 12/15/25 (a) | 125,000 | 121,479 |
2.90%, 11/15/26 (a) | 75,000 | 71,242 |
3.20%, 03/15/27 (a) | 200,000 | 190,964 |
Sprint Capital Corp. | ||
6.88%, 11/15/28 | 350,000 | 379,644 |
Sprint LLC | ||
7.63%, 02/15/25 (a) | 275,000 | 279,974 |
7.63%, 03/01/26 (a) | 225,000 | 235,056 |
Take-Two Interactive Software, Inc. | ||
3.55%, 04/14/25 | 100,000 | 97,971 |
3.70%, 04/14/27 (a) | 100,000 | 96,951 |
4.95%, 03/28/28 (a) | 125,000 | 126,058 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 75,000 | 79,693 |
7.13%, 02/15/28 | 50,000 | 54,817 |
Telefonica Emisiones SA | ||
4.10%, 03/08/27 | 250,000 | 245,233 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 40,000 | 37,729 |
3.70%, 09/15/27 (a) | 150,000 | 144,264 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 450,000 | 440,730 |
1.50%, 02/15/26 (a) | 175,000 | 163,113 |
2.25%, 02/15/26 (a) | 275,000 | 260,765 |
2.63%, 04/15/26 (a) | 200,000 | 190,400 |
3.75%, 04/15/27 (a) | 600,000 | 582,350 |
5.38%, 04/15/27 (a) | 100,000 | 100,421 |
4.75%, 02/01/28 (a) | 250,000 | 249,303 |
2.05%, 02/15/28 (a) | 200,000 | 180,593 |
4.95%, 03/15/28 (a) | 150,000 | 152,412 |
4.80%, 07/15/28 (a) | 150,000 | 151,265 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 100,000 | 97,440 |
3.00%, 02/13/26 | 150,000 | 145,136 |
1.85%, 07/30/26 | 210,000 | 196,636 |
2.95%, 06/15/27 | 100,000 | 96,014 |
Verizon Communications, Inc. | ||
3.38%, 02/15/25 | 200,000 | 196,361 |
0.85%, 11/20/25 (a) | 150,000 | 139,475 |
1.45%, 03/20/26 (a) | 350,000 | 326,095 |
2.63%, 08/15/26 | 285,000 | 271,728 |
4.13%, 03/16/27 | 500,000 | 493,015 |
3.00%, 03/22/27 (a) | 125,000 | 118,943 |
2.10%, 03/22/28 (a) | 450,000 | 407,061 |
4.33%, 09/21/28 | 650,000 | 643,477 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 225,000 | 222,276 |
4.38%, 05/30/28 | 125,000 | 124,843 |
Walt Disney Co. | ||
3.35%, 03/24/25 | 275,000 | 269,997 |
3.70%, 10/15/25 (a) | 100,000 | 98,316 |
1.75%, 01/13/26 | 225,000 | 213,014 |
3.38%, 11/15/26 (a) | 75,000 | 72,872 |
3.70%, 03/23/27 | 100,000 | 98,546 |
2.20%, 01/13/28 | 150,000 | 138,929 |
Warnermedia Holdings, Inc. | ||
3.64%, 03/15/25 | 275,000 | 269,271 |
3.79%, 03/15/25 (a) | 100,000 | 97,981 |
6.41%, 03/15/26 (a) | 175,000 | 175,183 |
3.76%, 03/15/27 (a) | 650,000 | 623,173 |
21,660,101 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Consumer Cyclical 8.6% | ||
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 375,000 | 355,851 |
Amazon.com, Inc. | ||
3.00%, 04/13/25 | 240,000 | 235,089 |
0.80%, 06/03/25 (a) | 200,000 | 189,617 |
4.60%, 12/01/25 | 170,000 | 170,634 |
5.20%, 12/03/25 (a) | 125,000 | 126,570 |
1.00%, 05/12/26 (a) | 410,000 | 379,030 |
3.30%, 04/13/27 (a) | 285,000 | 276,849 |
1.20%, 06/03/27 (a) | 200,000 | 180,480 |
3.15%, 08/22/27 (a) | 575,000 | 552,988 |
4.55%, 12/01/27 (a) | 300,000 | 304,645 |
1.65%, 05/12/28 (a) | 360,000 | 324,287 |
American Honda Finance Corp. | ||
1.50%, 01/13/25 | 100,000 | 96,512 |
4.60%, 04/17/25 | 125,000 | 124,650 |
1.20%, 07/08/25 | 25,000 | 23,719 |
1.00%, 09/10/25 | 150,000 | 141,093 |
5.80%, 10/03/25 | 250,000 | 254,602 |
5.25%, 07/07/26 | 100,000 | 101,813 |
1.30%, 09/09/26 | 150,000 | 137,893 |
2.30%, 09/09/26 | 125,000 | 118,321 |
2.35%, 01/08/27 | 75,000 | 70,518 |
4.70%, 01/12/28 | 100,000 | 100,913 |
3.50%, 02/15/28 | 100,000 | 96,417 |
2.00%, 03/24/28 | 100,000 | 90,714 |
5.13%, 07/07/28 | 150,000 | 154,773 |
5.65%, 11/15/28 | 175,000 | 183,299 |
Aptiv PLC/Aptiv Corp. | ||
2.40%, 02/18/25 (a) | 125,000 | 120,922 |
AutoNation, Inc. | ||
3.80%, 11/15/27 (a) | 50,000 | 46,985 |
1.95%, 08/01/28 (a) | 75,000 | 64,611 |
AutoZone, Inc. | ||
3.25%, 04/15/25 (a) | 65,000 | 63,501 |
3.63%, 04/15/25 (a) | 115,000 | 112,965 |
3.13%, 04/21/26 (a) | 75,000 | 72,229 |
3.75%, 06/01/27 (a) | 125,000 | 121,544 |
4.50%, 02/01/28 (a) | 50,000 | 49,779 |
6.25%, 11/01/28 (a) | 125,000 | 133,075 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 75,000 | 74,617 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 50,000 | 49,744 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 50,000 | 49,260 |
3.60%, 06/01/26 (a) | 200,000 | 196,204 |
3.55%, 03/15/28 (a) | 75,000 | 72,479 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 200,000 | 185,658 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 125,000 | 124,969 |
Costco Wholesale Corp. | ||
3.00%, 05/18/27 (a) | 100,000 | 96,381 |
1.38%, 06/20/27 (a) | 250,000 | 227,104 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 100,000 | 93,787 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 100,000 | 96,898 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 100,000 | 98,420 |
3.88%, 04/15/27 (a) | 100,000 | 97,013 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 05/01/28 (a) | 100,000 | 97,981 |
5.20%, 07/05/28 (a) | 100,000 | 101,471 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 150,000 | 147,375 |
4.20%, 05/15/28 (a) | 200,000 | 195,870 |
DR Horton, Inc. | ||
2.60%, 10/15/25 (a) | 65,000 | 62,352 |
1.30%, 10/15/26 (a) | 100,000 | 91,301 |
1.40%, 10/15/27 (a) | 75,000 | 66,875 |
eBay, Inc. | ||
1.90%, 03/11/25 (a) | 125,000 | 120,230 |
1.40%, 05/10/26 (a) | 125,000 | 115,811 |
3.60%, 06/05/27 (a) | 125,000 | 121,063 |
5.95%, 11/22/27 (a) | 75,000 | 78,381 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 125,000 | 125,112 |
4.63%, 08/01/27 (a) | 250,000 | 249,457 |
Ford Motor Co. | ||
4.35%, 12/08/26 (a)(g) | 250,000 | 243,853 |
6.63%, 10/01/28 | 75,000 | 79,077 |
Ford Motor Credit Co. LLC | ||
5.13%, 06/16/25 (a) | 300,000 | 296,477 |
4.13%, 08/04/25 | 250,000 | 243,123 |
3.38%, 11/13/25 (a) | 300,000 | 287,019 |
4.39%, 01/08/26 | 200,000 | 194,526 |
6.95%, 03/06/26 (a) | 250,000 | 256,240 |
6.95%, 06/10/26 (a) | 200,000 | 205,328 |
2.70%, 08/10/26 (a) | 300,000 | 278,061 |
4.27%, 01/09/27 (a) | 200,000 | 192,088 |
4.95%, 05/28/27 (a) | 200,000 | 195,373 |
4.13%, 08/17/27 (a) | 200,000 | 189,722 |
7.35%, 11/04/27 (a) | 200,000 | 210,926 |
2.90%, 02/16/28 (a) | 200,000 | 179,625 |
6.80%, 05/12/28 (a) | 250,000 | 261,284 |
6.80%, 11/07/28 (a) | 200,000 | 209,471 |
General Motors Co. | ||
4.00%, 04/01/25 | 105,000 | 103,240 |
6.13%, 10/01/25 (a) | 325,000 | 329,294 |
4.20%, 10/01/27 (a) | 100,000 | 97,811 |
6.80%, 10/01/27 (a) | 150,000 | 159,150 |
General Motors Financial Co., Inc. | ||
4.00%, 01/15/25 (a) | 150,000 | 147,575 |
2.90%, 02/26/25 (a) | 225,000 | 218,477 |
3.80%, 04/07/25 | 200,000 | 196,003 |
4.35%, 04/09/25 (a) | 150,000 | 147,908 |
2.75%, 06/20/25 (a) | 200,000 | 192,555 |
4.30%, 07/13/25 (a) | 125,000 | 123,025 |
6.05%, 10/10/25 | 100,000 | 101,306 |
1.25%, 01/08/26 (a) | 225,000 | 208,267 |
5.25%, 03/01/26 (a) | 225,000 | 225,261 |
5.40%, 04/06/26 | 150,000 | 151,078 |
1.50%, 06/10/26 (a) | 250,000 | 229,376 |
4.00%, 10/06/26 (a) | 125,000 | 121,681 |
4.35%, 01/17/27 (a) | 200,000 | 196,184 |
2.35%, 02/26/27 (a) | 150,000 | 138,258 |
5.00%, 04/09/27 (a) | 200,000 | 199,799 |
2.70%, 08/20/27 (a) | 175,000 | 161,542 |
3.85%, 01/05/28 (a) | 50,000 | 47,831 |
6.00%, 01/09/28 (a) | 150,000 | 155,228 |
2.40%, 04/10/28 (a) | 225,000 | 202,211 |
5.80%, 06/23/28 (a) | 200,000 | 205,708 |
2.40%, 10/15/28 (a) | 150,000 | 133,328 |
Genuine Parts Co. | ||
1.75%, 02/01/25 (a) | 50,000 | 48,084 |
6.50%, 11/01/28 (a) | 75,000 | 79,724 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25 (a) | 140,000 | 139,702 |
5.38%, 04/15/26 (a) | 150,000 | 149,334 |
5.75%, 06/01/28 (a) | 75,000 | 75,688 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 97,133 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 125,000 | 123,138 |
Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 225,000 | 220,750 |
3.00%, 04/01/26 (a) | 250,000 | 242,454 |
2.13%, 09/15/26 (a) | 200,000 | 188,436 |
2.50%, 04/15/27 (a) | 100,000 | 94,406 |
2.88%, 04/15/27 (a) | 125,000 | 119,590 |
2.80%, 09/14/27 (a) | 225,000 | 214,157 |
0.90%, 03/15/28 (a) | 50,000 | 43,794 |
1.50%, 09/15/28 (a) | 160,000 | 141,998 |
3.90%, 12/06/28 (a) | 150,000 | 147,882 |
Honda Motor Co. Ltd. | ||
2.27%, 03/10/25 (a) | 100,000 | 96,974 |
2.53%, 03/10/27 (a) | 150,000 | 141,629 |
Hyatt Hotels Corp. | ||
5.38%, 04/23/25 (a) | 100,000 | 100,165 |
4.85%, 03/15/26 (a) | 50,000 | 49,629 |
5.75%, 01/30/27 (a) | 50,000 | 51,168 |
4.38%, 09/15/28 (a) | 75,000 | 72,962 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 194,944 |
Jones Lang LaSalle, Inc. | ||
6.88%, 12/01/28 (a) | 50,000 | 52,947 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 100,000 | 96,541 |
Lennar Corp. | ||
4.75%, 05/30/25 (a) | 75,000 | 74,626 |
5.25%, 06/01/26 (a) | 50,000 | 50,247 |
5.00%, 06/15/27 (a) | 50,000 | 50,288 |
4.75%, 11/29/27 (a) | 150,000 | 150,167 |
LKQ Corp. | ||
5.75%, 06/15/28 (a) | 100,000 | 102,743 |
Lowe's Cos., Inc. | ||
4.00%, 04/15/25 (a) | 75,000 | 74,036 |
4.40%, 09/08/25 | 200,000 | 198,757 |
3.38%, 09/15/25 (a) | 150,000 | 146,421 |
2.50%, 04/15/26 (a) | 225,000 | 214,421 |
3.35%, 04/01/27 (a) | 125,000 | 120,530 |
3.10%, 05/03/27 (a) | 250,000 | 239,800 |
1.30%, 04/15/28 (a) | 150,000 | 131,895 |
1.70%, 09/15/28 (a) | 150,000 | 132,738 |
Magna International, Inc. | ||
4.15%, 10/01/25 (a) | 175,000 | 172,436 |
5.98%, 03/21/26 (a) | 50,000 | 50,138 |
Marriott International, Inc. | ||
3.75%, 03/15/25 (a) | 50,000 | 49,162 |
5.75%, 05/01/25 (a) | 125,000 | 125,818 |
3.75%, 10/01/25 (a) | 100,000 | 97,701 |
3.13%, 06/15/26 (a) | 100,000 | 96,095 |
5.00%, 10/15/27 (a) | 175,000 | 177,318 |
4.00%, 04/15/28 (a) | 75,000 | 72,709 |
5.55%, 10/15/28 (a) | 100,000 | 103,170 |
4.65%, 12/01/28 (a) | 50,000 | 49,824 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 50,000 | 49,041 |
3.30%, 07/01/25 (a) | 150,000 | 146,689 |
1.45%, 09/01/25 (a) | 50,000 | 47,362 |
3.70%, 01/30/26 (a) | 275,000 | 270,518 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.50%, 03/01/27 (a) | 135,000 | 131,514 |
3.50%, 07/01/27 (a) | 150,000 | 145,862 |
3.80%, 04/01/28 (a) | 175,000 | 170,820 |
4.80%, 08/14/28 (a) | 100,000 | 101,893 |
Meritage Homes Corp. | ||
5.13%, 06/06/27 (a) | 50,000 | 49,569 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 80,000 | 77,791 |
2.38%, 11/01/26 (a) | 225,000 | 213,732 |
2.75%, 03/27/27 (a) | 150,000 | 143,082 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 100,000 | 97,238 |
3.60%, 09/01/27 (a) | 100,000 | 96,469 |
4.35%, 06/01/28 (a) | 150,000 | 149,208 |
PACCAR Financial Corp. | ||
1.80%, 02/06/25 | 10,000 | 9,681 |
3.55%, 08/11/25 | 150,000 | 147,717 |
4.95%, 10/03/25 | 50,000 | 50,285 |
4.45%, 03/30/26 | 75,000 | 74,999 |
1.10%, 05/11/26 | 50,000 | 46,262 |
2.00%, 02/04/27 | 100,000 | 93,168 |
4.60%, 01/10/28 | 50,000 | 50,541 |
4.95%, 08/10/28 | 50,000 | 51,646 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 125,000 | 126,677 |
5.00%, 01/15/27 (a) | 25,000 | 25,190 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(c) | 100,000 | 98,438 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 100,000 | 98,013 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 120,000 | 119,124 |
0.88%, 04/15/26 (a) | 75,000 | 68,840 |
Sands China Ltd. | ||
5.38%, 08/08/25 (a)(d) | 200,000 | 197,333 |
4.30%, 01/08/26 (a)(d) | 200,000 | 192,683 |
5.65%, 08/08/28 (a)(d) | 310,000 | 306,459 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 250,000 | 245,592 |
4.75%, 02/15/26 | 150,000 | 150,682 |
2.00%, 03/12/27 (a) | 75,000 | 69,554 |
3.50%, 03/01/28 (a) | 100,000 | 96,262 |
4.00%, 11/15/28 (a) | 100,000 | 98,512 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 25,000 | 24,647 |
7.00%, 11/27/26 | 100,000 | 103,829 |
4.13%, 07/15/27 (a) | 100,000 | 95,429 |
7.35%, 11/27/28 (a) | 150,000 | 157,491 |
Target Corp. | ||
2.25%, 04/15/25 (a) | 275,000 | 266,778 |
2.50%, 04/15/26 | 150,000 | 144,495 |
1.95%, 01/15/27 (a) | 100,000 | 93,368 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 175,000 | 166,034 |
1.15%, 05/15/28 (a) | 75,000 | 65,727 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 50,000 | 49,704 |
4.88%, 03/15/27 (a) | 75,000 | 74,786 |
4.35%, 02/15/28 (a) | 75,000 | 73,381 |
Toyota Motor Corp. | ||
1.34%, 03/25/26 (a) | 210,000 | 195,857 |
Toyota Motor Credit Corp. | ||
1.45%, 01/13/25 | 100,000 | 96,528 |
1.80%, 02/13/25 | 285,000 | 275,724 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 04/01/25 | 310,000 | 303,219 |
3.40%, 04/14/25 | 100,000 | 98,210 |
3.95%, 06/30/25 | 200,000 | 197,789 |
3.65%, 08/18/25 | 200,000 | 196,973 |
0.80%, 10/16/25 | 225,000 | 210,488 |
5.40%, 11/10/25 | 100,000 | 101,609 |
0.80%, 01/09/26 | 150,000 | 139,261 |
4.45%, 05/18/26 | 250,000 | 249,728 |
1.13%, 06/18/26 | 250,000 | 230,944 |
3.20%, 01/11/27 | 50,000 | 48,239 |
1.90%, 01/13/27 | 150,000 | 139,304 |
3.05%, 03/22/27 | 250,000 | 239,743 |
1.15%, 08/13/27 | 150,000 | 134,084 |
4.55%, 09/20/27 | 210,000 | 211,821 |
5.45%, 11/10/27 | 100,000 | 103,756 |
3.05%, 01/11/28 | 200,000 | 190,880 |
4.63%, 01/12/28 | 150,000 | 152,097 |
1.90%, 04/06/28 | 100,000 | 90,904 |
5.25%, 09/11/28 | 125,000 | 129,645 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 125,000 | 119,471 |
2.80%, 04/23/27 (a) | 75,000 | 68,995 |
VICI Properties LP | ||
4.38%, 05/15/25 | 100,000 | 98,378 |
4.75%, 02/15/28 (a) | 200,000 | 196,665 |
Walmart, Inc. | ||
3.55%, 06/26/25 (a) | 225,000 | 222,014 |
3.90%, 09/09/25 | 285,000 | 282,510 |
3.05%, 07/08/26 (a) | 125,000 | 121,352 |
1.05%, 09/17/26 (a) | 225,000 | 207,059 |
3.95%, 09/09/27 (a) | 160,000 | 159,153 |
3.90%, 04/15/28 (a) | 100,000 | 99,118 |
3.70%, 06/26/28 (a) | 225,000 | 222,432 |
1.50%, 09/22/28 (a) | 225,000 | 201,179 |
33,350,503 | ||
Consumer Non-Cyclical 11.6% | ||
Abbott Laboratories | ||
2.95%, 03/15/25 (a) | 200,000 | 196,005 |
3.88%, 09/15/25 (a) | 75,000 | 74,316 |
3.75%, 11/30/26 (a) | 275,000 | 271,373 |
1.15%, 01/30/28 (a) | 75,000 | 66,897 |
AbbVie, Inc. | ||
3.80%, 03/15/25 (a) | 400,000 | 394,977 |
3.60%, 05/14/25 (a) | 575,000 | 564,912 |
3.20%, 05/14/26 (a) | 350,000 | 339,622 |
2.95%, 11/21/26 (a) | 600,000 | 575,798 |
4.25%, 11/14/28 (a) | 250,000 | 248,935 |
Agilent Technologies, Inc. | ||
3.05%, 09/22/26 (a) | 75,000 | 71,725 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 130,000 | 125,421 |
4.40%, 02/14/26 (a) | 125,000 | 123,880 |
2.63%, 09/16/26 (a) | 75,000 | 70,957 |
Amgen, Inc. | ||
1.90%, 02/21/25 (a) | 70,000 | 67,636 |
5.25%, 03/02/25 | 250,000 | 250,684 |
3.13%, 05/01/25 (a) | 175,000 | 170,655 |
5.51%, 03/02/26 (a) | 200,000 | 200,134 |
2.60%, 08/19/26 (a) | 225,000 | 213,904 |
2.20%, 02/21/27 (a) | 275,000 | 255,804 |
3.20%, 11/02/27 (a) | 125,000 | 119,470 |
5.15%, 03/02/28 (a) | 575,000 | 588,142 |
1.65%, 08/15/28 (a) | 200,000 | 176,972 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 350,000 | 343,676 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 350,000 | 346,330 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 175,000 | 166,743 |
Astrazeneca Finance LLC | ||
1.20%, 05/28/26 (a) | 200,000 | 185,186 |
4.88%, 03/03/28 (a) | 150,000 | 152,928 |
1.75%, 05/28/28 (a) | 150,000 | 134,387 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 325,000 | 318,048 |
0.70%, 04/08/26 (a) | 200,000 | 184,212 |
3.13%, 06/12/27 (a) | 125,000 | 120,199 |
BAT Capital Corp. | ||
3.22%, 09/06/26 (a) | 150,000 | 143,648 |
4.70%, 04/02/27 (a) | 150,000 | 148,567 |
3.56%, 08/15/27 (a) | 370,000 | 353,573 |
2.26%, 03/25/28 (a) | 200,000 | 179,025 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 225,000 | 209,064 |
4.45%, 03/16/28 (a) | 200,000 | 197,127 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 147,628 |
Baxter International, Inc. | ||
2.60%, 08/15/26 (a) | 75,000 | 70,764 |
1.92%, 02/01/27 (a) | 250,000 | 229,195 |
2.27%, 12/01/28 (a) | 150,000 | 134,476 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 275,000 | 266,696 |
4.69%, 02/13/28 (a) | 125,000 | 125,672 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 275,000 | 270,631 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 95,127 |
Boston Scientific Corp. | ||
1.90%, 06/01/25 (a) | 100,000 | 95,808 |
4.00%, 03/01/28 (a) | 50,000 | 48,884 |
Bristol-Myers Squibb Co. | ||
0.75%, 11/13/25 (a) | 225,000 | 210,065 |
3.20%, 06/15/26 (a) | 275,000 | 267,023 |
1.13%, 11/13/27 (a) | 150,000 | 133,483 |
3.45%, 11/15/27 (a) | 150,000 | 145,752 |
3.90%, 02/20/28 (a) | 200,000 | 196,619 |
Brown-Forman Corp. | ||
3.50%, 04/15/25 (a) | 50,000 | 49,093 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 100,000 | 94,532 |
3.25%, 08/15/26 (a) | 175,000 | 168,065 |
3.75%, 09/25/27 (a) | 50,000 | 48,235 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 125,000 | 123,108 |
3.30%, 03/19/25 (a) | 50,000 | 48,815 |
4.15%, 03/15/28 (a) | 150,000 | 147,166 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25 (a) | 125,000 | 122,219 |
3.41%, 06/15/27 (a) | 150,000 | 144,057 |
Cencora, Inc. | ||
3.25%, 03/01/25 (a) | 95,000 | 93,038 |
3.45%, 12/15/27 (a) | 100,000 | 96,392 |
Cigna Group | ||
3.25%, 04/15/25 (a) | 75,000 | 73,212 |
4.13%, 11/15/25 (a) | 350,000 | 345,929 |
4.50%, 02/25/26 (a) | 200,000 | 198,698 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.25%, 03/15/26 (a) | 100,000 | 92,710 |
5.69%, 03/15/26 (a) | 100,000 | 100,089 |
3.40%, 03/01/27 (a) | 225,000 | 216,942 |
3.05%, 10/15/27 (a) | 100,000 | 95,075 |
4.38%, 10/15/28 (a) | 575,000 | 570,573 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 50,000 | 47,313 |
3.90%, 05/15/28 (a) | 100,000 | 97,023 |
Coca-Cola Co. | ||
3.38%, 03/25/27 | 150,000 | 146,637 |
2.90%, 05/25/27 | 75,000 | 71,831 |
1.45%, 06/01/27 | 225,000 | 205,740 |
1.50%, 03/05/28 | 125,000 | 112,788 |
1.00%, 03/15/28 | 150,000 | 132,369 |
Colgate-Palmolive Co. | ||
3.10%, 08/15/27 (a) | 150,000 | 144,948 |
4.60%, 03/01/28 (a) | 40,000 | 41,022 |
CommonSpirit Health | ||
1.55%, 10/01/25 (a) | 100,000 | 93,696 |
6.07%, 11/01/27 (a) | 50,000 | 51,649 |
Conagra Brands, Inc. | ||
4.60%, 11/01/25 (a) | 175,000 | 173,530 |
5.30%, 10/01/26 | 50,000 | 50,656 |
1.38%, 11/01/27 (a) | 150,000 | 131,917 |
7.00%, 10/01/28 | 75,000 | 80,916 |
4.85%, 11/01/28 (a) | 200,000 | 200,035 |
Conopco, Inc. | ||
7.25%, 12/15/26 | 100,000 | 107,344 |
Constellation Brands, Inc. | ||
4.40%, 11/15/25 (a) | 75,000 | 74,176 |
4.75%, 12/01/25 | 75,000 | 74,700 |
3.70%, 12/06/26 (a) | 100,000 | 97,593 |
3.50%, 05/09/27 (a) | 75,000 | 72,303 |
4.35%, 05/09/27 (a) | 100,000 | 99,293 |
3.60%, 02/15/28 (a) | 125,000 | 120,168 |
4.65%, 11/15/28 (a) | 75,000 | 75,203 |
CVS Health Corp. | ||
4.10%, 03/25/25 (a) | 150,000 | 148,591 |
3.88%, 07/20/25 (a) | 400,000 | 393,035 |
5.00%, 02/20/26 (a) | 250,000 | 251,190 |
2.88%, 06/01/26 (a) | 250,000 | 238,975 |
3.00%, 08/15/26 (a) | 50,000 | 47,840 |
3.63%, 04/01/27 (a) | 125,000 | 121,244 |
6.25%, 06/01/27 | 75,000 | 78,826 |
1.30%, 08/21/27 (a) | 375,000 | 333,594 |
4.30%, 03/25/28 (a) | 750,000 | 737,767 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 60,000 | 58,706 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 200,000 | 189,112 |
5.20%, 10/24/25 | 200,000 | 201,877 |
5.30%, 10/24/27 (a) | 250,000 | 258,348 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 100,000 | 98,596 |
Eli Lilly & Co. | ||
5.00%, 02/27/26 (a) | 125,000 | 125,084 |
5.50%, 03/15/27 | 100,000 | 103,954 |
3.10%, 05/15/27 (a) | 75,000 | 72,395 |
Estee Lauder Cos., Inc. | ||
3.15%, 03/15/27 (a) | 100,000 | 95,893 |
4.38%, 05/15/28 (a) | 125,000 | 124,977 |
Flowers Foods, Inc. | ||
3.50%, 10/01/26 (a) | 75,000 | 71,938 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
GE HealthCare Technologies, Inc. | ||
5.60%, 11/15/25 (a) | 200,000 | 201,839 |
5.65%, 11/15/27 (a) | 300,000 | 310,977 |
General Mills, Inc. | ||
4.00%, 04/17/25 (a) | 100,000 | 98,809 |
5.24%, 11/18/25 (a) | 100,000 | 100,018 |
3.20%, 02/10/27 (a) | 125,000 | 119,783 |
4.20%, 04/17/28 (a) | 200,000 | 197,436 |
5.50%, 10/17/28 (a) | 75,000 | 77,788 |
Gilead Sciences, Inc. | ||
3.50%, 02/01/25 (a) | 275,000 | 270,752 |
3.65%, 03/01/26 (a) | 425,000 | 416,504 |
2.95%, 03/01/27 (a) | 175,000 | 166,957 |
1.20%, 10/01/27 (a) | 125,000 | 111,380 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 150,000 | 147,559 |
3.88%, 05/15/28 | 275,000 | 271,591 |
Haleon U.K. Capital PLC | ||
3.13%, 03/24/25 | 250,000 | 244,165 |
Haleon U.S. Capital LLC | ||
3.38%, 03/24/27 (a) | 275,000 | 264,834 |
Hasbro, Inc. | ||
3.55%, 11/19/26 (a) | 100,000 | 94,946 |
3.50%, 09/15/27 (a) | 100,000 | 94,354 |
HCA, Inc. | ||
5.38%, 02/01/25 | 400,000 | 399,997 |
5.25%, 04/15/25 | 225,000 | 225,114 |
5.88%, 02/15/26 (a) | 200,000 | 201,988 |
5.25%, 06/15/26 (a) | 275,000 | 276,438 |
5.38%, 09/01/26 (a) | 175,000 | 176,025 |
4.50%, 02/15/27 (a) | 200,000 | 197,981 |
3.13%, 03/15/27 (a) | 150,000 | 142,397 |
5.20%, 06/01/28 (a) | 150,000 | 151,615 |
5.63%, 09/01/28 (a) | 250,000 | 256,187 |
Hershey Co. | ||
2.30%, 08/15/26 (a) | 125,000 | 118,759 |
4.25%, 05/04/28 (a) | 50,000 | 50,135 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 125,000 | 112,591 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 102,835 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 100,000 | 95,757 |
IQVIA, Inc. | ||
5.70%, 05/15/28 (a)(c) | 200,000 | 204,211 |
J M Smucker Co. | ||
3.50%, 03/15/25 | 150,000 | 147,199 |
3.38%, 12/15/27 (a) | 100,000 | 95,228 |
5.90%, 11/15/28 (a) | 100,000 | 105,341 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
2.50%, 01/15/27 (a) | 150,000 | 138,203 |
5.13%, 02/01/28 (a) | 150,000 | 149,442 |
Johnson & Johnson | ||
0.55%, 09/01/25 (a) | 175,000 | 164,103 |
2.45%, 03/01/26 (a) | 350,000 | 336,678 |
2.95%, 03/03/27 (a) | 225,000 | 217,406 |
0.95%, 09/01/27 (a) | 275,000 | 245,669 |
2.90%, 01/15/28 (a) | 150,000 | 143,624 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 100,000 | 95,881 |
Kellanova | ||
3.25%, 04/01/26 | 100,000 | 96,980 |
3.40%, 11/15/27 (a) | 100,000 | 96,108 |
4.30%, 05/15/28 (a) | 100,000 | 99,087 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kenvue, Inc. | ||
5.50%, 03/22/25 | 150,000 | 151,291 |
5.35%, 03/22/26 (a) | 100,000 | 101,765 |
5.05%, 03/22/28 (a) | 150,000 | 153,798 |
Keurig Dr Pepper, Inc. | ||
4.42%, 05/25/25 (a) | 100,000 | 99,032 |
3.40%, 11/15/25 (a) | 100,000 | 97,263 |
2.55%, 09/15/26 (a) | 50,000 | 47,267 |
4.60%, 05/25/28 (a) | 175,000 | 175,476 |
Kimberly-Clark Corp. | ||
3.05%, 08/15/25 | 50,000 | 48,769 |
2.75%, 02/15/26 | 75,000 | 72,524 |
1.05%, 09/15/27 (a) | 100,000 | 89,319 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 300,000 | 288,436 |
3.88%, 05/15/27 (a) | 200,000 | 196,278 |
Kroger Co. | ||
3.50%, 02/01/26 (a) | 75,000 | 73,103 |
2.65%, 10/15/26 (a) | 125,000 | 118,271 |
3.70%, 08/01/27 (a) | 100,000 | 96,966 |
Laboratory Corp. of America Holdings | ||
3.60%, 02/01/25 (a) | 150,000 | 147,466 |
1.55%, 06/01/26 (a) | 75,000 | 69,325 |
3.60%, 09/01/27 (a) | 100,000 | 96,610 |
McCormick & Co., Inc. | ||
0.90%, 02/15/26 (a) | 75,000 | 69,114 |
3.40%, 08/15/27 (a) | 125,000 | 119,492 |
McKesson Corp. | ||
0.90%, 12/03/25 (a) | 75,000 | 69,639 |
1.30%, 08/15/26 (a) | 100,000 | 92,032 |
4.90%, 07/15/28 (a) | 100,000 | 101,821 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 125,000 | 123,379 |
Medtronic Global Holdings SCA | ||
4.25%, 03/30/28 (a) | 150,000 | 149,548 |
Merck & Co., Inc. | ||
2.75%, 02/10/25 (a) | 395,000 | 386,336 |
0.75%, 02/24/26 (a) | 150,000 | 139,130 |
1.70%, 06/10/27 (a) | 300,000 | 275,368 |
4.05%, 05/17/28 (a) | 100,000 | 99,770 |
1.90%, 12/10/28 (a) | 50,000 | 45,029 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 300,000 | 287,467 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 125,000 | 119,260 |
2.63%, 03/17/27 (a) | 100,000 | 94,379 |
4.13%, 05/07/28 (a) | 100,000 | 99,106 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 100,000 | 97,263 |
Novartis Capital Corp. | ||
1.75%, 02/14/25 (a) | 135,000 | 130,721 |
3.00%, 11/20/25 (a) | 325,000 | 316,317 |
2.00%, 02/14/27 (a) | 250,000 | 234,324 |
3.10%, 05/17/27 (a) | 75,000 | 72,231 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 75,000 | 69,552 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 200,000 | 194,425 |
2.75%, 04/30/25 (a) | 220,000 | 214,490 |
3.50%, 07/17/25 (a) | 125,000 | 123,033 |
4.55%, 02/13/26 (a) | 150,000 | 150,739 |
2.85%, 02/24/26 (a) | 150,000 | 145,123 |
2.38%, 10/06/26 (a) | 125,000 | 118,872 |
2.63%, 03/19/27 (a) | 100,000 | 94,961 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 10/15/27 (a) | 300,000 | 288,505 |
3.60%, 02/18/28 (a) | 100,000 | 98,033 |
4.45%, 05/15/28 (a) | 150,000 | 152,908 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.65%, 05/19/25 | 400,000 | 399,159 |
4.45%, 05/19/26 (a) | 450,000 | 448,874 |
4.45%, 05/19/28 (a) | 600,000 | 600,305 |
Pfizer, Inc. | ||
0.80%, 05/28/25 (a) | 100,000 | 94,676 |
2.75%, 06/03/26 | 200,000 | 191,926 |
3.00%, 12/15/26 | 250,000 | 241,085 |
3.60%, 09/15/28 (a) | 200,000 | 194,936 |
Pharmacia LLC | ||
6.60%, 12/01/28 (d) | 100,000 | 109,270 |
Philip Morris International, Inc. | ||
1.50%, 05/01/25 (a) | 175,000 | 167,382 |
3.38%, 08/11/25 (a) | 150,000 | 146,512 |
4.88%, 02/13/26 | 200,000 | 200,669 |
2.75%, 02/25/26 (a) | 150,000 | 143,839 |
0.88%, 05/01/26 (a) | 150,000 | 137,462 |
3.13%, 08/17/27 (a) | 100,000 | 95,276 |
5.13%, 11/17/27 (a) | 250,000 | 254,653 |
4.88%, 02/15/28 (a) | 250,000 | 253,085 |
5.25%, 09/07/28 (a) | 100,000 | 103,010 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 175,000 | 163,623 |
2.70%, 02/02/26 | 100,000 | 96,709 |
1.00%, 04/23/26 | 150,000 | 139,343 |
2.45%, 11/03/26 | 175,000 | 167,309 |
1.90%, 02/01/27 | 175,000 | 163,361 |
2.80%, 03/25/27 | 125,000 | 119,815 |
2.85%, 08/11/27 | 150,000 | 143,768 |
Providence St Joseph Health Obligated Group | ||
2.75%, 10/01/26 (a) | 100,000 | 94,166 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 50,000 | 48,965 |
3.45%, 06/01/26 (a) | 100,000 | 97,333 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 275,000 | 271,997 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 175,000 | 163,415 |
1.75%, 09/02/27 (a) | 150,000 | 134,720 |
Sanofi SA | ||
3.63%, 06/19/28 (a) | 150,000 | 147,171 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 450,000 | 433,146 |
SSM Health Care Corp. | ||
3.82%, 06/01/27 (a) | 125,000 | 121,448 |
Stryker Corp. | ||
1.15%, 06/15/25 (a) | 100,000 | 94,638 |
3.38%, 11/01/25 (a) | 125,000 | 121,746 |
3.50%, 03/15/26 (a) | 150,000 | 146,406 |
3.65%, 03/07/28 (a) | 100,000 | 96,906 |
4.85%, 12/08/28 (a) | 75,000 | 75,899 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 125,000 | 117,017 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 125,000 | 122,266 |
3.30%, 07/15/26 (a) | 150,000 | 145,018 |
3.25%, 07/15/27 (a) | 100,000 | 95,735 |
Takeda Pharmaceutical Co. Ltd. | ||
5.00%, 11/26/28 (a) | 250,000 | 253,891 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Thermo Fisher Scientific, Inc. | ||
5.00%, 12/05/26 (a) | 150,000 | 152,463 |
4.80%, 11/21/27 (a) | 125,000 | 127,526 |
1.75%, 10/15/28 (a) | 100,000 | 89,256 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 125,000 | 122,672 |
3.55%, 06/02/27 (a) | 200,000 | 191,071 |
Unilever Capital Corp. | ||
3.38%, 03/22/25 (a) | 50,000 | 49,192 |
2.00%, 07/28/26 | 150,000 | 141,466 |
2.90%, 05/05/27 (a) | 175,000 | 167,178 |
3.50%, 03/22/28 (a) | 150,000 | 145,580 |
4.88%, 09/08/28 (a) | 150,000 | 154,360 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 125,000 | 113,862 |
UPMC | ||
3.60%, 04/03/25 | 135,000 | 132,065 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 350,000 | 339,026 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 125,000 | 118,409 |
2.30%, 06/22/27 (a) | 100,000 | 90,882 |
Whirlpool Corp. | ||
3.70%, 05/01/25 | 75,000 | 73,383 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 175,000 | 171,447 |
5.35%, 12/01/28 (a) | 100,000 | 103,050 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 100,000 | 99,592 |
5.40%, 11/14/25 (a) | 125,000 | 126,088 |
3.00%, 09/12/27 (a) | 150,000 | 142,530 |
45,208,520 | ||
Energy 5.5% | ||
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. | ||
2.06%, 12/15/26 (a) | 100,000 | 93,562 |
3.34%, 12/15/27 (a) | 200,000 | 191,527 |
Boardwalk Pipelines LP | ||
5.95%, 06/01/26 (a) | 100,000 | 101,487 |
4.45%, 07/15/27 (a) | 75,000 | 73,632 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 150,000 | 148,028 |
3.41%, 02/11/26 (a) | 100,000 | 97,724 |
3.12%, 05/04/26 (a) | 200,000 | 193,647 |
3.02%, 01/16/27 (a) | 100,000 | 95,873 |
3.54%, 04/06/27 (a) | 75,000 | 73,066 |
3.59%, 04/14/27 (a) | 125,000 | 121,376 |
3.94%, 09/21/28 (a) | 100,000 | 98,052 |
4.23%, 11/06/28 (a) | 300,000 | 298,521 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 250,000 | 240,711 |
3.72%, 11/28/28 (a) | 150,000 | 145,662 |
Canadian Natural Resources Ltd. | ||
3.90%, 02/01/25 (a) | 50,000 | 49,202 |
2.05%, 07/15/25 (a) | 150,000 | 143,050 |
3.85%, 06/01/27 (a) | 200,000 | 194,297 |
Cenovus Energy, Inc. | ||
4.25%, 04/15/27 (a) | 50,000 | 48,962 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 225,000 | 225,618 |
5.13%, 06/30/27 (a) | 200,000 | 201,011 |
Cheniere Energy, Inc. | ||
4.63%, 10/15/28 (a) | 225,000 | 219,682 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Chevron Corp. | ||
1.55%, 05/11/25 (a) | 350,000 | 335,713 |
3.33%, 11/17/25 (a) | 100,000 | 98,106 |
2.95%, 05/16/26 (a) | 300,000 | 290,331 |
2.00%, 05/11/27 (a) | 175,000 | 162,608 |
Chevron USA, Inc. | ||
0.69%, 08/12/25 (a) | 175,000 | 164,636 |
1.02%, 08/12/27 (a) | 150,000 | 133,706 |
3.85%, 01/15/28 (a) | 100,000 | 98,753 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 175,000 | 172,979 |
ConocoPhillips Co. | ||
2.40%, 03/07/25 (a) | 50,000 | 48,598 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 150,000 | 145,346 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 125,000 | 120,963 |
DCP Midstream Operating LP | ||
5.38%, 07/15/25 (a) | 100,000 | 100,160 |
5.63%, 07/15/27 (a) | 100,000 | 102,569 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 75,000 | 75,933 |
5.25%, 10/15/27 (a) | 75,000 | 75,651 |
5.88%, 06/15/28 (a)(c) | 50,000 | 50,503 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 150,000 | 145,542 |
Enbridge, Inc. | ||
2.50%, 01/15/25 (a) | 50,000 | 48,528 |
5.97%, 03/08/26 (a) | 100,000 | 100,109 |
1.60%, 10/04/26 (a) | 100,000 | 91,635 |
4.25%, 12/01/26 (a) | 150,000 | 148,265 |
3.70%, 07/15/27 (a) | 100,000 | 96,698 |
6.00%, 11/15/28 (a) | 150,000 | 157,707 |
Energy Transfer LP | ||
4.05%, 03/15/25 (a) | 175,000 | 172,320 |
5.75%, 04/01/25 (a) | 100,000 | 100,045 |
2.90%, 05/15/25 (a) | 150,000 | 145,554 |
5.95%, 12/01/25 (a) | 50,000 | 50,606 |
4.75%, 01/15/26 (a) | 150,000 | 149,076 |
3.90%, 07/15/26 (a) | 100,000 | 97,262 |
6.05%, 12/01/26 (a) | 100,000 | 102,826 |
4.40%, 03/15/27 (a) | 150,000 | 146,869 |
4.20%, 04/15/27 (a) | 100,000 | 97,287 |
5.50%, 06/01/27 (a) | 150,000 | 152,087 |
4.00%, 10/01/27 (a) | 100,000 | 96,527 |
5.55%, 02/15/28 (a) | 150,000 | 153,460 |
4.95%, 05/15/28 (a) | 150,000 | 149,562 |
4.95%, 06/15/28 (a) | 100,000 | 99,832 |
Enterprise Products Operating LLC | ||
3.75%, 02/15/25 (a) | 185,000 | 182,630 |
3.70%, 02/15/26 (a) | 200,000 | 197,268 |
3.95%, 02/15/27 (a) | 100,000 | 98,525 |
4.15%, 10/16/28 (a) | 150,000 | 148,388 |
5.25%, 08/16/77 (a)(b) | 250,000 | 240,371 |
5.38%, 02/15/78 (a)(b) | 25,000 | 22,456 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 75,000 | 73,578 |
4.15%, 01/15/26 (a) | 125,000 | 123,927 |
EQT Corp. | ||
6.63%, 02/01/25 (a)(f) | 100,000 | 100,415 |
3.90%, 10/01/27 (a) | 175,000 | 167,694 |
5.70%, 04/01/28 (a) | 100,000 | 101,812 |
Exxon Mobil Corp. | ||
2.71%, 03/06/25 (a) | 250,000 | 244,341 |
2.99%, 03/19/25 (a) | 430,000 | 421,388 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.04%, 03/01/26 (a) | 375,000 | 364,387 |
2.28%, 08/16/26 (a) | 150,000 | 142,816 |
3.29%, 03/19/27 (a) | 150,000 | 145,703 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 100,000 | 98,126 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 150,000 | 148,576 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a) | 150,000 | 151,695 |
6.38%, 04/15/27 (a)(c) | 50,000 | 50,479 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 225,000 | 222,411 |
1.75%, 11/15/26 (a) | 75,000 | 69,065 |
4.30%, 03/01/28 (a) | 150,000 | 148,247 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26 (a) | 100,000 | 99,849 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 150,000 | 146,548 |
Marathon Petroleum Corp. | ||
4.70%, 05/01/25 (a) | 250,000 | 248,395 |
5.13%, 12/15/26 (a) | 135,000 | 136,665 |
MPLX LP | ||
4.00%, 02/15/25 (a) | 70,000 | 68,992 |
4.88%, 06/01/25 (a) | 175,000 | 173,986 |
1.75%, 03/01/26 (a) | 250,000 | 234,057 |
4.13%, 03/01/27 (a) | 175,000 | 171,514 |
4.25%, 12/01/27 (a) | 100,000 | 97,814 |
4.00%, 03/15/28 (a) | 200,000 | 193,259 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 75,000 | 74,701 |
5.50%, 01/15/26 (a) | 200,000 | 200,323 |
4.75%, 09/01/28 (a) | 75,000 | 73,003 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 125,000 | 123,717 |
Occidental Petroleum Corp. | ||
5.88%, 09/01/25 (a) | 100,000 | 100,735 |
5.50%, 12/01/25 (a) | 75,000 | 75,189 |
5.55%, 03/15/26 (a) | 150,000 | 151,277 |
8.50%, 07/15/27 (a) | 100,000 | 109,171 |
6.38%, 09/01/28 (a) | 50,000 | 52,746 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 75,000 | 74,657 |
ONEOK, Inc. | ||
2.20%, 09/15/25 (a) | 125,000 | 119,025 |
5.85%, 01/15/26 (a) | 70,000 | 71,134 |
4.00%, 07/13/27 (a) | 100,000 | 97,204 |
4.55%, 07/15/28 (a) | 175,000 | 172,862 |
5.65%, 11/01/28 (a) | 100,000 | 103,407 |
Ovintiv, Inc. | ||
5.65%, 05/15/25 | 50,000 | 50,223 |
5.38%, 01/01/26 (a) | 125,000 | 125,153 |
5.65%, 05/15/28 (a) | 100,000 | 102,150 |
Phillips 66 | ||
3.85%, 04/09/25 (a) | 100,000 | 98,447 |
1.30%, 02/15/26 (a) | 50,000 | 46,445 |
3.90%, 03/15/28 (a) | 100,000 | 97,434 |
Phillips 66 Co. | ||
3.61%, 02/15/25 (a) | 70,000 | 68,809 |
3.55%, 10/01/26 (a) | 25,000 | 24,252 |
4.95%, 12/01/27 (a) | 100,000 | 101,037 |
3.75%, 03/01/28 (a) | 150,000 | 144,533 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 150,000 | 139,450 |
5.10%, 03/29/26 | 150,000 | 151,119 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 175,000 | 173,176 |
4.50%, 12/15/26 (a) | 100,000 | 98,883 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 250,000 | 250,514 |
5.88%, 06/30/26 (a) | 250,000 | 254,539 |
5.00%, 03/15/27 (a) | 250,000 | 251,251 |
4.20%, 03/15/28 (a) | 200,000 | 196,085 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 75,000 | 71,084 |
Schlumberger Investment SA | ||
4.50%, 05/15/28 (a) | 100,000 | 101,172 |
Shell International Finance BV | ||
3.25%, 05/11/25 | 350,000 | 343,525 |
2.88%, 05/10/26 | 275,000 | 265,002 |
2.50%, 09/12/26 | 225,000 | 214,328 |
3.88%, 11/13/28 (a) | 225,000 | 221,781 |
Spectra Energy Partners LP | ||
3.50%, 03/15/25 (a) | 125,000 | 122,323 |
3.38%, 10/15/26 (a) | 100,000 | 96,359 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 125,000 | 125,766 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 125,000 | 127,041 |
5.00%, 01/15/28 (a) | 100,000 | 98,917 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 75,000 | 74,114 |
3.90%, 05/25/27 (a) | 75,000 | 72,078 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 75,000 | 79,221 |
7.00%, 10/15/28 | 100,000 | 108,489 |
TotalEnergies Capital International SA | ||
2.43%, 01/10/25 (a) | 150,000 | 146,391 |
TotalEnergies Capital SA | ||
3.88%, 10/11/28 | 150,000 | 147,402 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 125,000 | 124,750 |
6.20%, 03/09/26 (a) | 150,000 | 149,989 |
4.25%, 05/15/28 (a) | 225,000 | 219,372 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 262,227 |
4.00%, 03/15/28 (a) | 100,000 | 97,066 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 75,000 | 68,596 |
4.35%, 06/01/28 (a) | 100,000 | 98,701 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 75,000 | 73,800 |
Western Midstream Operating LP | ||
3.10%, 02/01/25 (a)(d) | 100,000 | 97,458 |
4.65%, 07/01/26 (a) | 75,000 | 73,779 |
4.50%, 03/01/28 (a) | 50,000 | 48,461 |
4.75%, 08/15/28 (a) | 75,000 | 73,405 |
Williams Cos., Inc. | ||
3.90%, 01/15/25 (a) | 125,000 | 123,103 |
4.00%, 09/15/25 (a) | 150,000 | 147,356 |
3.75%, 06/15/27 (a) | 200,000 | 192,935 |
5.30%, 08/15/28 (a) | 125,000 | 128,098 |
21,335,159 | ||
Industrial Other 0.1% | ||
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 200,000 | 195,809 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Jacobs Engineering Group, Inc. | ||
6.35%, 08/18/28 (a) | 50,000 | 52,294 |
Leland Stanford Junior University | ||
1.29%, 06/01/27 (a) | 75,000 | 67,921 |
Yale University | ||
0.87%, 04/15/25 (a) | 75,000 | 71,367 |
387,391 | ||
Technology 8.8% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 95,000 | 92,150 |
3.25%, 02/01/25 (a) | 225,000 | 221,222 |
2.15%, 02/01/27 (a) | 50,000 | 46,944 |
Alphabet, Inc. | ||
2.00%, 08/15/26 (a) | 325,000 | 307,005 |
0.80%, 08/15/27 (a) | 175,000 | 156,502 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 75,000 | 73,447 |
3.50%, 12/05/26 (a) | 175,000 | 171,172 |
1.70%, 10/01/28 (a) | 100,000 | 88,966 |
Apple, Inc. | ||
2.75%, 01/13/25 (a) | 210,000 | 205,903 |
2.50%, 02/09/25 | 150,000 | 146,377 |
1.13%, 05/11/25 (a) | 400,000 | 381,486 |
3.20%, 05/13/25 | 300,000 | 294,180 |
0.55%, 08/20/25 (a) | 200,000 | 188,126 |
0.70%, 02/08/26 (a) | 400,000 | 370,684 |
3.25%, 02/23/26 (a) | 525,000 | 512,592 |
4.42%, 05/08/26 (a) | 100,000 | 100,104 |
2.45%, 08/04/26 (a) | 350,000 | 334,065 |
2.05%, 09/11/26 (a) | 300,000 | 283,016 |
3.35%, 02/09/27 (a) | 375,000 | 365,589 |
3.20%, 05/11/27 (a) | 325,000 | 314,793 |
3.00%, 06/20/27 (a) | 125,000 | 120,259 |
2.90%, 09/12/27 (a) | 350,000 | 335,187 |
3.00%, 11/13/27 (a) | 200,000 | 192,068 |
1.20%, 02/08/28 (a) | 375,000 | 333,937 |
4.00%, 05/10/28 (a) | 225,000 | 224,575 |
1.40%, 08/05/28 (a) | 300,000 | 266,004 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 100,000 | 98,704 |
3.30%, 04/01/27 (a) | 185,000 | 179,441 |
Arrow Electronics, Inc. | ||
4.00%, 04/01/25 (a) | 75,000 | 73,634 |
3.88%, 01/12/28 (a) | 75,000 | 71,282 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 50,000 | 49,663 |
3.50%, 06/15/27 (a) | 75,000 | 72,885 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 150,000 | 147,112 |
1.70%, 05/15/28 (a) | 160,000 | 144,483 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 100,000 | 98,824 |
6.25%, 03/15/28 (a) | 75,000 | 77,816 |
Baidu, Inc. | ||
3.08%, 04/07/25 (a) | 150,000 | 146,079 |
1.72%, 04/09/26 (a) | 200,000 | 185,816 |
1.63%, 02/23/27 (a) | 200,000 | 181,230 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.13%, 01/15/25 (a) | 90,000 | 88,401 |
3.88%, 01/15/27 (a) | 450,000 | 439,341 |
3.50%, 01/15/28 (a) | 150,000 | 143,995 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Broadcom, Inc. | ||
3.15%, 11/15/25 (a) | 155,000 | 150,264 |
3.46%, 09/15/26 (a) | 125,000 | 120,859 |
4.11%, 09/15/28 (a) | 175,000 | 171,078 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 75,000 | 72,385 |
CDW LLC/CDW Finance Corp. | ||
4.13%, 05/01/25 (a) | 110,000 | 107,935 |
2.67%, 12/01/26 (a) | 200,000 | 187,325 |
4.25%, 04/01/28 (a) | 100,000 | 95,961 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 100,000 | 90,745 |
Cisco Systems, Inc. | ||
3.50%, 06/15/25 | 200,000 | 197,404 |
2.95%, 02/28/26 | 125,000 | 121,114 |
2.50%, 09/20/26 (a) | 100,000 | 95,421 |
Concentrix Corp. | ||
6.65%, 08/02/26 (a) | 100,000 | 102,601 |
6.60%, 08/02/28 (a) | 125,000 | 128,963 |
Dell International LLC/EMC Corp. | ||
5.85%, 07/15/25 (a) | 150,000 | 151,575 |
6.02%, 06/15/26 (a) | 500,000 | 512,042 |
4.90%, 10/01/26 (a) | 255,000 | 255,536 |
6.10%, 07/15/27 (a) | 75,000 | 78,186 |
5.25%, 02/01/28 (a) | 150,000 | 153,959 |
Dell, Inc. | ||
7.10%, 04/15/28 | 75,000 | 80,955 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 125,000 | 114,215 |
2.38%, 09/15/28 (a) | 75,000 | 65,673 |
Equifax, Inc. | ||
2.60%, 12/15/25 (a) | 50,000 | 47,734 |
5.10%, 12/15/27 (a) | 125,000 | 126,412 |
5.10%, 06/01/28 (a) | 110,000 | 111,109 |
Equinix, Inc. | ||
1.25%, 07/15/25 (a) | 100,000 | 94,221 |
1.00%, 09/15/25 (a) | 125,000 | 116,783 |
1.45%, 05/15/26 (a) | 125,000 | 115,616 |
2.90%, 11/18/26 (a) | 100,000 | 95,151 |
1.80%, 07/15/27 (a) | 75,000 | 68,060 |
1.55%, 03/15/28 (a) | 100,000 | 87,999 |
2.00%, 05/15/28 (a) | 50,000 | 44,746 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 75,000 | 70,652 |
Fidelity National Information Services, Inc. | ||
4.50%, 07/15/25 | 100,000 | 99,146 |
1.15%, 03/01/26 (a) | 200,000 | 184,991 |
4.70%, 07/15/27 (a) | 100,000 | 100,114 |
1.65%, 03/01/28 (a) | 100,000 | 89,286 |
Fiserv, Inc. | ||
3.85%, 06/01/25 (a) | 150,000 | 147,383 |
3.20%, 07/01/26 (a) | 300,000 | 288,884 |
2.25%, 06/01/27 (a) | 150,000 | 139,036 |
5.45%, 03/02/28 (a) | 150,000 | 154,690 |
5.38%, 08/21/28 (a) | 100,000 | 103,002 |
4.20%, 10/01/28 (a) | 150,000 | 146,894 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 100,000 | 98,784 |
3.75%, 02/01/26 (a) | 100,000 | 96,931 |
6.00%, 01/15/28 (a) | 75,000 | 77,624 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 100,000 | 91,713 |
Genpact Luxembourg SARL/Genpact USA, Inc. | ||
1.75%, 04/10/26 (a) | 75,000 | 69,781 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Global Payments, Inc. | ||
2.65%, 02/15/25 (a) | 150,000 | 145,392 |
1.20%, 03/01/26 (a) | 175,000 | 160,896 |
4.80%, 04/01/26 (a) | 125,000 | 124,057 |
2.15%, 01/15/27 (a) | 100,000 | 92,128 |
4.95%, 08/15/27 (a) | 75,000 | 75,250 |
4.45%, 06/01/28 (a) | 75,000 | 73,084 |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25 (a) | 400,000 | 398,824 |
1.75%, 04/01/26 (a) | 100,000 | 93,193 |
6.10%, 04/01/26 (a) | 75,000 | 75,113 |
5.25%, 07/01/28 (a) | 125,000 | 128,001 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 143,801 |
1.45%, 06/17/26 (a) | 100,000 | 92,159 |
3.00%, 06/17/27 (a) | 150,000 | 141,888 |
4.75%, 01/15/28 (a) | 125,000 | 125,326 |
Intel Corp. | ||
3.40%, 03/25/25 (a) | 150,000 | 147,527 |
3.70%, 07/29/25 (a) | 375,000 | 369,222 |
4.88%, 02/10/26 | 250,000 | 251,927 |
2.60%, 05/19/26 (a) | 200,000 | 191,544 |
3.75%, 03/25/27 (a) | 150,000 | 147,066 |
3.15%, 05/11/27 (a) | 150,000 | 144,330 |
3.75%, 08/05/27 (a) | 250,000 | 245,146 |
4.88%, 02/10/28 (a) | 300,000 | 305,075 |
International Business Machines Corp. | ||
7.00%, 10/30/25 | 150,000 | 156,375 |
3.45%, 02/19/26 | 275,000 | 268,098 |
3.30%, 05/15/26 | 500,000 | 485,801 |
2.20%, 02/09/27 (a) | 110,000 | 102,508 |
1.70%, 05/15/27 (a) | 200,000 | 182,775 |
4.15%, 07/27/27 (a) | 100,000 | 98,940 |
6.22%, 08/01/27 | 75,000 | 79,149 |
6.50%, 01/15/28 | 100,000 | 107,122 |
4.50%, 02/06/28 (a) | 200,000 | 201,194 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 175,000 | 165,019 |
1.35%, 07/15/27 (a) | 75,000 | 67,747 |
5.13%, 09/15/28 (a) | 150,000 | 155,293 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 75,000 | 69,496 |
4.25%, 05/15/27 (a) | 75,000 | 73,160 |
3.95%, 01/12/28 (a) | 100,000 | 95,466 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 75,000 | 69,549 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 125,000 | 124,749 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 100,000 | 91,194 |
2.70%, 10/15/28 (a) | 50,000 | 44,165 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 65,000 | 64,209 |
3.75%, 03/15/26 (a) | 100,000 | 98,290 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 60,000 | 58,557 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 75,000 | 69,863 |
2.45%, 04/15/28 (a) | 100,000 | 90,564 |
4.88%, 06/22/28 (a) | 100,000 | 99,659 |
Mastercard, Inc. | ||
2.00%, 03/03/25 (a) | 125,000 | 121,215 |
2.95%, 11/21/26 (a) | 125,000 | 120,606 |
3.30%, 03/26/27 (a) | 150,000 | 145,541 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.50%, 02/26/28 (a) | 75,000 | 73,353 |
4.88%, 03/09/28 (a) | 135,000 | 139,385 |
Microchip Technology, Inc. | ||
4.25%, 09/01/25 (a) | 200,000 | 196,969 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 75,000 | 75,127 |
4.19%, 02/15/27 (a) | 150,000 | 147,220 |
5.38%, 04/15/28 (a) | 100,000 | 101,943 |
Microsoft Corp. | ||
2.70%, 02/12/25 (a) | 340,000 | 332,847 |
3.13%, 11/03/25 (a) | 450,000 | 439,723 |
2.40%, 08/08/26 (a) | 600,000 | 572,990 |
3.40%, 09/15/26 (a)(c) | 150,000 | 146,356 |
3.30%, 02/06/27 (a) | 550,000 | 536,293 |
3.40%, 06/15/27 (a)(c) | 50,000 | 48,629 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 100,000 | 98,480 |
3.25%, 01/15/28 (a) | 20,000 | 19,107 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 100,000 | 99,561 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 125,000 | 118,995 |
2.38%, 06/22/27 (a) | 50,000 | 46,477 |
Nokia OYJ | ||
4.38%, 06/12/27 | 75,000 | 72,878 |
NVIDIA Corp. | ||
3.20%, 09/16/26 (a) | 175,000 | 170,398 |
1.55%, 06/15/28 (a) | 175,000 | 156,864 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a) | 25,000 | 25,132 |
5.55%, 12/01/28 (a) | 100,000 | 102,972 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 100,000 | 96,408 |
3.88%, 06/18/26 (a) | 75,000 | 73,153 |
3.15%, 05/01/27 (a) | 100,000 | 95,010 |
4.40%, 06/01/27 (a) | 100,000 | 98,872 |
Oracle Corp. | ||
2.50%, 04/01/25 (a) | 510,000 | 494,013 |
2.95%, 05/15/25 (a) | 350,000 | 340,047 |
5.80%, 11/10/25 | 150,000 | 152,519 |
1.65%, 03/25/26 (a) | 425,000 | 396,643 |
2.65%, 07/15/26 (a) | 450,000 | 426,956 |
2.80%, 04/01/27 (a) | 350,000 | 330,272 |
3.25%, 11/15/27 (a) | 400,000 | 380,121 |
2.30%, 03/25/28 (a) | 300,000 | 273,411 |
4.50%, 05/06/28 (a) | 115,000 | 115,075 |
PayPal Holdings, Inc. | ||
1.65%, 06/01/25 (a) | 150,000 | 143,231 |
2.65%, 10/01/26 (a) | 175,000 | 166,340 |
3.90%, 06/01/27 (a) | 100,000 | 98,602 |
QUALCOMM, Inc. | ||
3.45%, 05/20/25 (a) | 200,000 | 196,596 |
3.25%, 05/20/27 (a) | 315,000 | 305,248 |
1.30%, 05/20/28 (a) | 125,000 | 110,801 |
Roper Technologies, Inc. | ||
1.00%, 09/15/25 (a) | 125,000 | 116,924 |
3.85%, 12/15/25 (a) | 25,000 | 24,565 |
3.80%, 12/15/26 (a) | 100,000 | 97,906 |
1.40%, 09/15/27 (a) | 150,000 | 134,291 |
4.20%, 09/15/28 (a) | 100,000 | 98,389 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 75,000 | 71,663 |
2.45%, 03/01/27 (a) | 200,000 | 188,674 |
4.75%, 08/01/28 (a) | 100,000 | 101,667 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Salesforce, Inc. | ||
3.70%, 04/11/28 (a) | 250,000 | 245,177 |
1.50%, 07/15/28 (a) | 125,000 | 111,314 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 125,000 | 116,597 |
TD SYNNEX Corp. | ||
1.75%, 08/09/26 (a) | 100,000 | 90,910 |
2.38%, 08/09/28 (a) | 100,000 | 87,994 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 125,000 | 120,315 |
1.13%, 09/15/26 (a) | 50,000 | 45,986 |
2.90%, 11/03/27 (a) | 100,000 | 95,532 |
4.60%, 02/15/28 (a) | 75,000 | 76,377 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 100,000 | 96,342 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 100,000 | 100,715 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 200,000 | 184,598 |
3.88%, 04/22/27 (a) | 150,000 | 146,986 |
Tyco Electronics Group SA | ||
3.70%, 02/15/26 (a) | 125,000 | 122,501 |
3.13%, 08/15/27 (a) | 85,000 | 81,264 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 50,000 | 50,040 |
4.75%, 07/15/27 (a) | 100,000 | 99,150 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 148,055 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 600,000 | 585,591 |
1.90%, 04/15/27 (a) | 300,000 | 279,442 |
0.75%, 08/15/27 (a) | 75,000 | 66,419 |
2.75%, 09/15/27 (a) | 125,000 | 119,104 |
VMware LLC | ||
4.50%, 05/15/25 (a) | 100,000 | 99,065 |
1.40%, 08/15/26 (a) | 275,000 | 251,613 |
3.90%, 08/21/27 (a) | 250,000 | 242,945 |
1.80%, 08/15/28 (a) | 100,000 | 87,880 |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 100,000 | 97,192 |
1.35%, 03/15/26 (a) | 100,000 | 92,072 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 150,000 | 145,193 |
34,358,715 | ||
Transportation 1.4% | ||
American Airlines 2015-1 Class A Pass-Through Trust | ||
3.38%, 11/01/28 | 115,053 | 105,456 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 66,689 | 61,998 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 101,175 | 92,777 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 75,000 | 73,302 |
Burlington Northern Santa Fe LLC | ||
3.00%, 04/01/25 (a) | 100,000 | 97,846 |
3.65%, 09/01/25 (a) | 50,000 | 49,158 |
7.00%, 12/15/25 | 50,000 | 52,271 |
3.25%, 06/15/27 (a) | 75,000 | 72,424 |
Canadian National Railway Co. | ||
2.75%, 03/01/26 (a) | 75,000 | 72,284 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Canadian Pacific Railway Co. | ||
2.90%, 02/01/25 (a) | 140,000 | 136,501 |
1.75%, 12/02/26 (a) | 175,000 | 161,561 |
4.00%, 06/01/28 (a) | 100,000 | 97,917 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 100,000 | 96,897 |
CSX Corp. | ||
3.35%, 11/01/25 (a) | 100,000 | 97,556 |
2.60%, 11/01/26 (a) | 115,000 | 109,573 |
3.25%, 06/01/27 (a) | 150,000 | 144,781 |
3.80%, 03/01/28 (a) | 100,000 | 98,282 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 118,608 | 105,477 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 125,000 | 120,967 |
3.40%, 02/15/28 (a) | 75,000 | 72,012 |
4.20%, 10/17/28 (a) | 50,000 | 49,226 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 75,000 | 67,902 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 125,000 | 122,434 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 75,000 | 72,521 |
Norfolk Southern Corp. | ||
2.90%, 06/15/26 (a) | 150,000 | 144,030 |
7.80%, 05/15/27 | 100,000 | 109,954 |
3.80%, 08/01/28 (a) | 75,000 | 73,130 |
Ryder System, Inc. | ||
4.63%, 06/01/25 (a) | 100,000 | 99,341 |
3.35%, 09/01/25 (a) | 65,000 | 63,104 |
1.75%, 09/01/26 (a) | 25,000 | 23,057 |
2.90%, 12/01/26 (a) | 100,000 | 94,460 |
2.85%, 03/01/27 (a) | 100,000 | 94,041 |
4.30%, 06/15/27 (a) | 50,000 | 48,959 |
5.25%, 06/01/28 (a) | 150,000 | 152,155 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 225,000 | 225,171 |
3.00%, 11/15/26 (a) | 50,000 | 47,519 |
5.13%, 06/15/27 (a) | 305,000 | 306,579 |
3.45%, 11/16/27 (a) | 50,000 | 47,405 |
Union Pacific Corp. | ||
3.25%, 01/15/25 (a) | 65,000 | 63,823 |
3.75%, 07/15/25 (a) | 75,000 | 73,851 |
3.25%, 08/15/25 (a) | 75,000 | 73,375 |
4.75%, 02/21/26 (a) | 75,000 | 75,523 |
2.75%, 03/01/26 (a) | 110,000 | 106,081 |
2.15%, 02/05/27 (a) | 75,000 | 70,157 |
3.00%, 04/15/27 (a) | 75,000 | 71,784 |
3.95%, 09/10/28 (a) | 150,000 | 149,075 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 | 110,650 | 106,872 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 102,510 | 93,710 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 | 355,841 | 359,986 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 91,200 | 88,646 |
United Parcel Service, Inc. | ||
3.90%, 04/01/25 (a) | 150,000 | 148,364 |
2.40%, 11/15/26 (a) | 75,000 | 71,393 |
3.05%, 11/15/27 (a) | 155,000 | 148,618 |
5,461,286 | ||
190,006,301 | ||
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Utility 5.6% | ||
Electric 5.1% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 75,000 | 72,391 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 138,884 |
5.45%, 06/01/28 (a) | 125,000 | 127,164 |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 100,000 | 97,975 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 175,000 | 170,148 |
1.95%, 03/15/27 (a) | 100,000 | 91,773 |
1.75%, 03/15/28 (a) | 50,000 | 44,276 |
Ameren Illinois Co. | ||
3.25%, 03/01/25 (a) | 50,000 | 49,080 |
3.80%, 05/15/28 (a) | 25,000 | 24,378 |
American Electric Power Co., Inc. | ||
1.00%, 11/01/25 (a) | 100,000 | 93,011 |
5.75%, 11/01/27 (a) | 200,000 | 207,182 |
4.30%, 12/01/28 (a) | 100,000 | 97,843 |
3.88%, 02/15/62 (a)(b) | 125,000 | 106,059 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 75,000 | 73,399 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 75,000 | 73,141 |
Avangrid, Inc. | ||
3.20%, 04/15/25 (a) | 140,000 | 136,246 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 30,000 | 29,553 |
4.05%, 04/15/25 (a) | 150,000 | 148,370 |
3.25%, 04/15/28 (a) | 75,000 | 71,305 |
Black Hills Corp. | ||
3.95%, 01/15/26 (a) | 75,000 | 73,277 |
3.15%, 01/15/27 (a) | 100,000 | 95,047 |
5.95%, 03/15/28 (a) | 25,000 | 25,932 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 75,000 | 70,806 |
5.20%, 10/01/28 (a) | 100,000 | 103,304 |
CenterPoint Energy, Inc. | ||
1.45%, 06/01/26 (a) | 100,000 | 92,241 |
5.25%, 08/10/26 | 100,000 | 101,029 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 75,000 | 72,475 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 100,000 | 95,598 |
3.45%, 08/15/27 (a) | 50,000 | 47,664 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 75,000 | 71,560 |
2.95%, 08/15/27 (a) | 50,000 | 47,361 |
3.70%, 08/15/28 (a) | 100,000 | 96,846 |
Connecticut Light & Power Co. | ||
0.75%, 12/01/25 (a) | 100,000 | 92,719 |
3.20%, 03/15/27 (a) | 175,000 | 168,189 |
Consolidated Edison Co. of New York, Inc. | ||
3.80%, 05/15/28 (a) | 175,000 | 169,582 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 150,000 | 145,804 |
5.60%, 03/01/28 (a) | 150,000 | 154,584 |
Dominion Energy, Inc. | ||
3.30%, 03/15/25 (a) | 50,000 | 48,861 |
3.90%, 10/01/25 (a) | 125,000 | 122,734 |
1.45%, 04/15/26 (a) | 100,000 | 92,811 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.85%, 08/15/26 (a) | 75,000 | 70,813 |
3.60%, 03/15/27 (a) | 50,000 | 48,054 |
4.25%, 06/01/28 (a) | 100,000 | 98,421 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 50,000 | 49,164 |
1.90%, 04/01/28 (a) | 100,000 | 90,080 |
DTE Energy Co. | ||
1.05%, 06/01/25 (a) | 150,000 | 141,464 |
2.85%, 10/01/26 (a) | 100,000 | 94,619 |
4.88%, 06/01/28 (a) | 100,000 | 100,966 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 125,000 | 120,824 |
6.00%, 12/01/28 | 50,000 | 52,892 |
Duke Energy Corp. | ||
0.90%, 09/15/25 (a) | 100,000 | 93,341 |
2.65%, 09/01/26 (a) | 250,000 | 237,370 |
3.15%, 08/15/27 (a) | 100,000 | 94,648 |
5.00%, 12/08/27 (a) | 150,000 | 151,932 |
4.30%, 03/15/28 (a) | 216,000 | 213,058 |
3.25%, 01/15/82 (a)(b) | 100,000 | 78,351 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 100,000 | 96,782 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 100,000 | 97,767 |
3.70%, 09/01/28 (a) | 71,000 | 68,969 |
Edison International | ||
4.95%, 04/15/25 (a) | 90,000 | 89,462 |
4.70%, 08/15/25 | 75,000 | 74,159 |
5.75%, 06/15/27 (a) | 100,000 | 102,291 |
4.13%, 03/15/28 (a) | 100,000 | 96,777 |
5.25%, 11/15/28 (a) | 100,000 | 100,794 |
Emera U.S. Finance LP | ||
3.55%, 06/15/26 (a) | 125,000 | 120,504 |
Enel Americas SA | ||
4.00%, 10/25/26 (a) | 100,000 | 97,562 |
Enel Chile SA | ||
4.88%, 06/12/28 (a) | 150,000 | 148,069 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 50,000 | 48,676 |
4.00%, 06/01/28 (a) | 50,000 | 48,685 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 175,000 | 163,076 |
2.95%, 09/01/26 (a) | 100,000 | 95,129 |
1.90%, 06/15/28 (a) | 100,000 | 88,688 |
Entergy Louisiana LLC | ||
2.40%, 10/01/26 (a) | 100,000 | 93,782 |
3.25%, 04/01/28 (a) | 175,000 | 164,622 |
Evergy Metro, Inc. | ||
3.65%, 08/15/25 (a) | 75,000 | 73,409 |
Eversource Energy | ||
3.15%, 01/15/25 (a) | 75,000 | 73,342 |
0.80%, 08/15/25 (a) | 75,000 | 69,984 |
1.40%, 08/15/26 (a) | 75,000 | 68,490 |
2.90%, 03/01/27 (a) | 100,000 | 94,788 |
4.60%, 07/01/27 (a) | 150,000 | 149,034 |
3.30%, 01/15/28 (a) | 100,000 | 94,978 |
5.45%, 03/01/28 (a) | 150,000 | 154,331 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 125,000 | 122,958 |
3.40%, 04/15/26 (a) | 150,000 | 145,371 |
2.75%, 03/15/27 (a) | 125,000 | 117,821 |
5.15%, 03/15/28 (a) | 150,000 | 152,314 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 200,000 | 195,349 |
3.13%, 12/01/25 (a) | 100,000 | 97,335 |
3.30%, 05/30/27 (a) | 100,000 | 95,878 |
5.05%, 04/01/28 (a) | 175,000 | 179,157 |
4.40%, 05/15/28 (a) | 100,000 | 100,256 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 140,000 | 133,120 |
Georgia Power Co. | ||
3.25%, 03/30/27 (a) | 75,000 | 71,759 |
4.65%, 05/16/28 (a) | 125,000 | 126,118 |
Iberdrola International BV | ||
5.81%, 03/15/25 | 50,000 | 50,275 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 100,000 | 96,663 |
Interstate Power & Light Co. | ||
4.10%, 09/26/28 (a) | 75,000 | 72,972 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 75,000 | 72,193 |
3.35%, 11/15/27 (a) | 100,000 | 95,261 |
Louisville Gas & Electric Co. | ||
3.30%, 10/01/25 (a) | 50,000 | 48,824 |
MidAmerican Energy Co. | ||
3.10%, 05/01/27 (a) | 75,000 | 71,864 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 80,000 | 77,796 |
National Grid PLC | ||
5.60%, 06/12/28 (a) | 125,000 | 129,024 |
National Rural Utilities Cooperative Finance Corp. | ||
2.85%, 01/27/25 (a) | 50,000 | 48,772 |
1.88%, 02/07/25 | 75,000 | 72,421 |
5.45%, 10/30/25 | 100,000 | 101,083 |
3.25%, 11/01/25 (a) | 100,000 | 97,175 |
4.45%, 03/13/26 (a) | 100,000 | 99,840 |
1.00%, 06/15/26 (a) | 100,000 | 91,865 |
3.05%, 04/25/27 (a) | 50,000 | 47,535 |
3.40%, 02/07/28 (a) | 150,000 | 144,080 |
4.80%, 03/15/28 (a) | 150,000 | 152,065 |
3.90%, 11/01/28 (a) | 100,000 | 97,267 |
5.25%, 04/20/46 (a)(b) | 75,000 | 71,827 |
NextEra Energy Capital Holdings, Inc. | ||
6.05%, 03/01/25 | 300,000 | 302,879 |
4.45%, 06/20/25 | 100,000 | 99,149 |
5.75%, 09/01/25 | 200,000 | 202,171 |
1.88%, 01/15/27 (a) | 175,000 | 161,092 |
3.55%, 05/01/27 (a) | 250,000 | 241,104 |
4.63%, 07/15/27 (a) | 200,000 | 199,841 |
4.90%, 02/28/28 (a) | 200,000 | 201,929 |
1.90%, 06/15/28 (a) | 275,000 | 244,168 |
4.80%, 12/01/77 (a)(b) | 50,000 | 43,441 |
3.80%, 03/15/82 (a)(b) | 125,000 | 106,555 |
Oklahoma Gas & Electric Co. | ||
3.80%, 08/15/28 (a) | 100,000 | 97,014 |
Oncor Electric Delivery Co. LLC | ||
2.95%, 04/01/25 (a) | 75,000 | 73,225 |
0.55%, 10/01/25 (a) | 75,000 | 69,844 |
4.30%, 05/15/28 (a)(c) | 100,000 | 98,892 |
Pacific Gas & Electric Co. | ||
4.95%, 06/08/25 | 50,000 | 49,715 |
3.50%, 06/15/25 (a) | 100,000 | 97,163 |
3.45%, 07/01/25 | 150,000 | 145,419 |
3.15%, 01/01/26 | 325,000 | 311,589 |
2.95%, 03/01/26 (a) | 100,000 | 94,939 |
3.30%, 03/15/27 (a) | 75,000 | 70,175 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.45%, 06/15/27 (a) | 100,000 | 100,888 |
2.10%, 08/01/27 (a) | 100,000 | 90,265 |
3.30%, 12/01/27 (a) | 125,000 | 116,903 |
3.00%, 06/15/28 (a) | 150,000 | 136,877 |
3.75%, 07/01/28 | 50,000 | 46,935 |
4.65%, 08/01/28 (a) | 100,000 | 96,284 |
PECO Energy Co. | ||
3.15%, 10/15/25 (a) | 50,000 | 48,767 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 100,000 | 94,256 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 100,000 | 95,987 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 100,000 | 92,561 |
2.25%, 09/15/26 (a) | 50,000 | 47,195 |
3.70%, 05/01/28 (a) | 100,000 | 97,055 |
Public Service Enterprise Group, Inc. | ||
0.80%, 08/15/25 (a) | 100,000 | 93,494 |
5.85%, 11/15/27 (a) | 100,000 | 104,252 |
5.88%, 10/15/28 (a) | 100,000 | 105,065 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 50,000 | 48,795 |
2.38%, 06/15/28 (a) | 125,000 | 111,845 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 125,000 | 119,324 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 100,000 | 95,308 |
Southern California Edison Co. | ||
3.70%, 08/01/25 (a) | 150,000 | 147,025 |
1.20%, 02/01/26 (a) | 50,000 | 46,589 |
4.70%, 06/01/27 (a) | 100,000 | 100,700 |
5.85%, 11/01/27 (a) | 150,000 | 156,828 |
5.30%, 03/01/28 (a) | 150,000 | 154,152 |
5.65%, 10/01/28 (a) | 75,000 | 78,260 |
Southern Co. | ||
5.15%, 10/06/25 | 100,000 | 100,356 |
3.25%, 07/01/26 (a) | 290,000 | 279,912 |
5.11%, 08/01/27 (d) | 100,000 | 101,579 |
4.85%, 06/15/28 (a) | 100,000 | 100,860 |
4.00%, 01/15/51 (a)(b) | 188,000 | 179,817 |
3.75%, 09/15/51 (a)(b) | 175,000 | 159,696 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 75,000 | 73,937 |
0.90%, 01/15/26 (a) | 100,000 | 92,246 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 75,000 | 69,930 |
2.75%, 10/01/26 (a) | 205,000 | 192,935 |
System Energy Resources, Inc. | ||
6.00%, 04/15/28 (a) | 100,000 | 102,342 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 50,000 | 48,793 |
Virginia Electric & Power Co. | ||
3.15%, 01/15/26 (a) | 110,000 | 106,731 |
2.95%, 11/15/26 (a) | 50,000 | 47,867 |
3.50%, 03/15/27 (a) | 100,000 | 96,734 |
3.75%, 05/15/27 (a) | 100,000 | 97,753 |
3.80%, 04/01/28 (a) | 125,000 | 121,403 |
WEC Energy Group, Inc. | ||
5.00%, 09/27/25 (a) | 100,000 | 99,940 |
4.75%, 01/09/26 (a) | 160,000 | 159,459 |
5.15%, 10/01/27 (a) | 100,000 | 101,625 |
1.38%, 10/15/27 (a) | 100,000 | 88,473 |
4.75%, 01/15/28 (a) | 100,000 | 100,124 |
2.20%, 12/15/28 (a) | 50,000 | 44,502 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Wisconsin Electric Power Co. | ||
1.70%, 06/15/28 (a) | 50,000 | 44,502 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 100,000 | 97,724 |
3.35%, 12/01/26 (a) | 75,000 | 72,300 |
1.75%, 03/15/27 (a) | 100,000 | 91,398 |
4.00%, 06/15/28 (a) | 125,000 | 122,151 |
19,757,990 | ||
Natural Gas 0.4% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 100,000 | 95,368 |
CenterPoint Energy Resources Corp. | ||
5.25%, 03/01/28 (a) | 200,000 | 205,327 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 185,000 | 173,021 |
3.49%, 05/15/27 (a) | 150,000 | 144,538 |
5.25%, 03/30/28 (a) | 155,000 | 158,429 |
Sempra | ||
3.30%, 04/01/25 (a) | 100,000 | 97,586 |
3.25%, 06/15/27 (a) | 150,000 | 142,294 |
3.40%, 02/01/28 (a) | 150,000 | 143,187 |
4.13%, 04/01/52 (a)(b) | 175,000 | 151,072 |
Southern California Gas Co. | ||
3.20%, 06/15/25 (a) | 55,000 | 53,706 |
2.60%, 06/15/26 (a) | 100,000 | 95,475 |
2.95%, 04/15/27 (a) | 105,000 | 99,711 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 75,000 | 72,215 |
Southwest Gas Corp. | ||
5.45%, 03/23/28 (a) | 125,000 | 128,137 |
1,760,066 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 60,000 | 58,796 |
2.95%, 09/01/27 (a) | 159,000 | 150,510 |
3.75%, 09/01/28 (a) | 100,000 | 96,403 |
United Utilities PLC | ||
6.88%, 08/15/28 | 50,000 | 54,073 |
359,782 | ||
21,877,838 | ||
Total Corporates (Cost $393,466,053) | 385,251,971 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.3% OF NET ASSETS | ||
Money Market Funds 0.3% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (h) | 797,161 | 797,161 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (h)(i) | 211,470 | 211,470 |
1,008,631 | ||
Total Short-Term Investments (Cost $1,008,631) | 1,008,631 | |
Total Investments in Securities (Cost $394,474,684) | 386,260,602 |
(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 $1,972,189 or 0.5% of net assets. |
(d) | Step up security 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) | All or a portion of this security is on loan. Securities on loan were valued at $206,787. |
(h) | The rate shown is the annualized 7-day yield. |
(i) | Security purchased with cash collateral received for securities on loan. |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 12/31/23 | FACE AMOUNT AT 12/31/23 | INTEREST INCOME EARNED |
CORPORATES 0.4% OF NET ASSETS | |||||||||
Financial Institutions 0.4% | |||||||||
Brokerage/Asset Managers/Exchanges 0.4% | |||||||||
Charles Schwab Corp. | |||||||||
3.55%, 02/01/24 | $69,077 | $— | ($69,175 ) | ($2,799 ) | $3,095 | ($198 ) | $— | $— | $221 |
0.75%, 03/18/24 | 213,987 | — | (214,355 ) | (11,136 ) | 11,635 | (131 ) | — | — | 413 |
3.75%, 04/01/24 | 29,568 | — | (29,480 ) | (2,317 ) | 2,602 | (373 ) | — | — | 378 |
3.00%, 03/10/25 | 24,063 | 14,366 | — | — | (87 ) | 638 | 38,980 | 40,000 | 859 |
4.20%, 03/24/25 | 74,208 | 9,867 | — | — | 2,541 | (2,548 ) | 84,068 | 85,000 | 3,169 |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 12/31/23 | FACE AMOUNT AT 12/31/23 | INTEREST INCOME EARNED |
3.63%, 04/01/25 | $48,759 | $4,852 | $— | $— | $1,797 | ($1,367 ) | $54,041 | $55,000 | $1,893 |
3.85%, 05/21/25 | 92,813 | — | — | — | 3,332 | (2,826 ) | 93,319 | 95,000 | 3,657 |
3.45%, 02/13/26 | 29,083 | — | — | — | 675 | (660 ) | 29,098 | 30,000 | 1,035 |
0.90%, 03/11/26 | 155,168 | — | — | — | 5,185 | 169 | 160,522 | 175,000 | 1,575 |
1.15%, 05/13/26 | 133,481 | 9,121 | (22,150 ) | (2,906 ) | 6,376 | (83 ) | 123,839 | 135,000 | 1,539 |
5.88%, 08/24/26 | — | 101,016 | — | — | 1,629 | (28 ) | 102,617 | 100,000 | 441 |
3.20%, 03/02/27 | 47,098 | 23,099 | — | — | 1,167 | 248 | 71,612 | 75,000 | 2,111 |
2.45%, 03/03/27 | 183,036 | 32,038 | (22,682 ) | (1,753 ) | 3,485 | 1,535 | 195,659 | 210,000 | 5,159 |
3.30%, 04/01/27 | 47,434 | — | — | — | 222 | 85 | 47,741 | 50,000 | 1,650 |
3.20%, 01/25/28 | — | 82,254 | — | — | 2,213 | 558 | 85,025 | 90,000 | 1,041 |
2.00%, 03/20/28 | — | 139,070 | — | — | 1,116 | 2,447 | 142,633 | 160,000 | 2,014 |
5.64%, 05/19/29 | — | 174,749 | — | — | 5,129 | 19 | 179,897 | 175,000 | 5,443 |
6.20%, 11/17/29 | — | 178,885 | — | — | 5,150 | (46 ) | 183,989 | 175,000 | 693 |
Total | $1,147,775 | $769,317 | ($357,842 ) | ($20,911 ) | $57,262 | ($2,561 ) | $1,593,040 | $33,291 |
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 | $— | $385,251,971 | $— | $385,251,971 |
Short-Term Investments1 | 1,008,631 | — | — | 1,008,631 |
Total | $1,008,631 | $385,251,971 | $— | $386,260,602 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,627,948) | $1,593,040 | |
Investments in securities, at value - unaffiliated (cost $392,846,736) including securities on loan of $206,787 | 384,667,562 | |
Deposit with broker for futures contracts | 58,151 | |
Receivables: | ||
Investments sold | 4,877,181 | |
Interest | 3,865,105 | |
Dividends | 3,823 | |
Income from securities on loan | + | 662 |
Total assets | 395,065,524 | |
Liabilities | ||
Collateral held for securities on loan | 211,470 | |
Payables: | ||
Investments bought | 5,670,781 | |
Management fees | + | 9,813 |
Total liabilities | 5,892,064 | |
Net assets | $389,173,460 | |
Net Assets by Source | ||
Capital received from investors | $404,054,044 | |
Total distributable loss | + | (14,880,584 ) |
Net assets | $389,173,460 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$389,173,460 | 8,050,000 | $48.34 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $11,439,074 | |
Dividends received from securities - unaffiliated | 44,001 | |
Interest received from securities - affiliated | 30,730 | |
Securities on loan, net | + | 3,197 |
Total investment income | 11,517,002 | |
Expenses | ||
Management fees | 112,381 | |
Total expenses | – | 112,381 |
Net investment income | 11,404,621 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (6,976 ) | |
Net realized losses on sales of securities - unaffiliated | (4,617,728 ) | |
Net realized losses on sales of in-kind redemptions - affiliated | (13,935 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (1,506,402 ) | |
Net realized losses on futures contracts | + | (1,147 ) |
Net realized losses | (6,146,188 ) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | 57,262 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 17,378,110 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (77 ) |
Net change in unrealized appreciation (depreciation) | + | 17,435,295 |
Net realized and unrealized gains | 11,289,107 | |
Increase in net assets resulting from operations | $22,693,728 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $11,404,621 | $6,088,961 | |
Net realized losses | (6,146,188 ) | (11,110,517 ) | |
Net change in unrealized appreciation (depreciation) | + | 17,435,295 | (20,747,758 ) |
Increase (decrease) in net assets resulting from operations | $22,693,728 | ($25,769,314 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($11,400,855 ) | ($6,101,610 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 1,550,000 | $73,262,790 | 2,400,000 | $114,378,641 | |
Shares redeemed | + | (1,400,000 ) | (66,254,146 ) | (6,550,000 ) | (321,039,478 ) |
Net transactions in fund shares | 150,000 | $7,008,644 | (4,150,000 ) | ($206,660,837 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 7,900,000 | $370,871,943 | 12,050,000 | $609,403,704 | |
Total increase (decrease) | + | 150,000 | 18,301,517 | (4,150,000 ) | (238,531,761 ) |
End of period | 8,050,000 | $389,173,460 | 7,900,000 | $370,871,943 |
1/1/23– 12/31/23 | 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 | $43.19 | $51.73 | $53.69 | $50.07 | $50.00 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 2.19 | 1.35 | 1.02 | 1.26 | 0.29 | |
Net realized and unrealized gains (losses) | 1.52 | (8.55 ) | (1.98 ) | 3.60 | 0.04 | |
Total from investment operations | 3.71 | (7.20 ) | (0.96 ) | 4.86 | 0.33 | |
Less distributions: | ||||||
Distributions from net investment income | (1.92 ) | (1.34 ) | (1.00 ) | (1.24 ) | (0.26 ) | |
Net asset value at end of period | $44.98 | $43.19 | $51.73 | $53.69 | $50.07 | |
Total return | 8.84 % | (14.00 %) | (1.80 %) | 9.83 % | 0.67 %3 | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.04 %4,5 | 0.05 %6 | 0.05 % | 0.06 %7,8 | |
Net investment income (loss) | 5.05 % | 2.97 % | 1.96 % | 2.43 % | 2.61 %7 | |
Portfolio turnover rate9 | 24 % | 10 % | 11 % | 36 % | 8 %3 | |
Net assets, end of period (x 1,000,000) | $5,762 | $328 | $375 | $191 | $110 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended December 31, 2022 is a blended ratio. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended December 31, 2021 is a blended ratio. |
7 | Annualized. |
8 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended December 31, 2019 is a blended ratio. |
9 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 98.9% OF NET ASSETS | ||
Financial Institutions 35.9% | ||
Banking 23.8% | ||
Ally Financial, Inc. | ||
6.85%, 01/03/30 (a)(b) | 2,400,000 | 2,469,062 |
8.00%, 11/01/31 | 6,350,000 | 6,959,117 |
8.00%, 11/01/31 (c) | 1,642,000 | 1,797,027 |
American Express Co. | ||
4.05%, 05/03/29 (a) | 3,275,000 | 3,245,002 |
6.49%, 10/30/31 (a)(b) | 3,200,000 | 3,472,907 |
4.99%, 05/26/33 (a)(b) | 2,400,000 | 2,395,788 |
4.42%, 08/03/33 (a)(b) | 3,955,000 | 3,811,720 |
5.04%, 05/01/34 (a)(b) | 3,940,000 | 3,936,573 |
5.63%, 07/28/34 (a)(b) | 1,550,000 | 1,605,204 |
Banco Bilbao Vizcaya Argentaria SA | ||
7.88%, 11/15/34 (a)(b) | 2,400,000 | 2,617,579 |
Banco Santander SA | ||
3.31%, 06/27/29 | 3,200,000 | 2,955,722 |
3.49%, 05/28/30 | 3,200,000 | 2,885,906 |
2.75%, 12/03/30 | 4,800,000 | 3,990,736 |
2.96%, 03/25/31 | 2,400,000 | 2,065,880 |
3.23%, 11/22/32 (a)(b) | 3,200,000 | 2,678,346 |
6.92%, 08/08/33 | 6,400,000 | 6,833,373 |
6.94%, 11/07/33 | 4,800,000 | 5,343,668 |
Bank of America Corp. | ||
3.97%, 02/07/30 (a)(b) | 9,570,000 | 9,082,777 |
3.19%, 07/23/30 (a)(b) | 7,900,000 | 7,168,309 |
2.88%, 10/22/30 (a)(b) | 6,505,000 | 5,778,537 |
2.50%, 02/13/31 (a)(b) | 11,250,000 | 9,675,546 |
2.59%, 04/29/31 (a)(b) | 9,690,000 | 8,357,224 |
1.90%, 07/23/31 (a)(b) | 8,555,000 | 6,997,537 |
1.92%, 10/24/31 (a)(b) | 8,275,000 | 6,729,798 |
2.65%, 03/11/32 (a)(b) | 6,000,000 | 5,075,102 |
2.69%, 04/22/32 (a)(b) | 14,350,000 | 12,130,233 |
2.30%, 07/21/32 (a)(b) | 11,520,000 | 9,415,859 |
2.57%, 10/20/32 (a)(b) | 10,480,000 | 8,702,057 |
2.97%, 02/04/33 (a)(b) | 11,950,000 | 10,165,214 |
4.57%, 04/27/33 (a)(b) | 12,925,000 | 12,340,101 |
5.02%, 07/22/33 (a)(b) | 15,855,000 | 15,693,536 |
5.29%, 04/25/34 (a)(b) | 15,760,000 | 15,824,602 |
5.87%, 09/15/34 (a)(b) | 11,950,000 | 12,528,513 |
2.48%, 09/21/36 (a)(b) | 6,575,000 | 5,219,580 |
3.85%, 03/08/37 (a)(b) | 7,898,000 | 6,947,206 |
Bank of Montreal | ||
3.09%, 01/10/37 (a)(b) | 4,050,000 | 3,295,479 |
Bank of New York Mellon Corp. | ||
1.90%, 01/25/29 (a) | 1,175,000 | 1,040,277 |
3.85%, 04/26/29 (a) | 1,065,000 | 1,038,144 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 08/23/29 (a) | 2,400,000 | 2,248,939 |
4.60%, 07/26/30 (a)(b) | 1,600,000 | 1,593,812 |
1.65%, 01/28/31 (a) | 1,600,000 | 1,330,779 |
1.80%, 07/28/31 (a) | 1,610,000 | 1,317,222 |
2.50%, 01/26/32 (a) | 1,475,000 | 1,263,346 |
4.29%, 06/13/33 (a)(b) | 2,550,000 | 2,438,087 |
5.83%, 10/25/33 (a)(b) | 4,760,000 | 5,050,781 |
4.71%, 02/01/34 (a)(b) | 2,500,000 | 2,448,222 |
4.97%, 04/26/34 (a)(b) | 2,930,000 | 2,921,137 |
6.47%, 10/25/34 (a)(b) | 3,500,000 | 3,882,563 |
Bank of Nova Scotia | ||
4.85%, 02/01/30 | 3,955,000 | 3,947,886 |
2.15%, 08/01/31 | 2,155,000 | 1,790,503 |
2.45%, 02/02/32 | 2,675,000 | 2,244,385 |
4.59%, 05/04/37 (a)(b) | 3,950,000 | 3,539,191 |
BankUnited, Inc. | ||
5.13%, 06/11/30 (a) | 940,000 | 865,860 |
Barclays PLC | ||
5.09%, 06/20/30 (a)(b) | 4,900,000 | 4,752,755 |
2.65%, 06/24/31 (a)(b) | 3,200,000 | 2,704,282 |
2.67%, 03/10/32 (a)(b) | 3,075,000 | 2,540,352 |
2.89%, 11/24/32 (a)(b) | 4,127,000 | 3,400,308 |
5.75%, 08/09/33 (a)(b) | 3,175,000 | 3,206,059 |
7.44%, 11/02/33 (a)(b) | 6,145,000 | 6,897,981 |
6.22%, 05/09/34 (a)(b) | 6,750,000 | 7,007,909 |
7.12%, 06/27/34 (a)(b) | 4,730,000 | 5,036,954 |
6.69%, 09/13/34 (a)(b) | 4,600,000 | 4,925,162 |
3.56%, 09/23/35 (a)(b) | 3,144,000 | 2,700,712 |
Canadian Imperial Bank of Commerce | ||
3.60%, 04/07/32 (a) | 3,180,000 | 2,903,918 |
6.09%, 10/03/33 (a) | 3,550,000 | 3,791,272 |
Capital One Financial Corp. | ||
3.27%, 03/01/30 (a)(b) | 4,050,000 | 3,619,117 |
5.25%, 07/26/30 (a)(b) | 2,922,000 | 2,873,715 |
7.62%, 10/30/31 (a)(b) | 5,300,000 | 5,832,539 |
2.36%, 07/29/32 (a)(b) | 3,200,000 | 2,430,812 |
2.62%, 11/02/32 (a)(b) | 1,700,000 | 1,372,235 |
5.27%, 05/10/33 (a)(b) | 3,525,000 | 3,465,830 |
5.82%, 02/01/34 (a)(b) | 4,069,000 | 4,056,721 |
6.38%, 06/08/34 (a)(b) | 5,450,000 | 5,622,585 |
Citigroup, Inc. | ||
3.98%, 03/20/30 (a)(b) | 7,905,000 | 7,505,971 |
2.98%, 11/05/30 (a)(b) | 7,050,000 | 6,290,235 |
2.67%, 01/29/31 (a)(b) | 7,400,000 | 6,429,534 |
4.41%, 03/31/31 (a)(b) | 12,620,000 | 12,093,601 |
2.57%, 06/03/31 (a)(b) | 11,035,000 | 9,441,371 |
2.56%, 05/01/32 (a)(b) | 9,850,000 | 8,223,541 |
6.63%, 06/15/32 | 3,250,000 | 3,539,490 |
2.52%, 11/03/32 (a)(b) | 5,350,000 | 4,419,124 |
3.06%, 01/25/33 (a)(b) | 9,600,000 | 8,206,711 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.88%, 02/22/33 | 1,600,000 | 1,672,789 |
3.79%, 03/17/33 (a)(b) | 9,628,000 | 8,672,611 |
4.91%, 05/24/33 (a)(b) | 8,095,000 | 7,935,163 |
6.00%, 10/31/33 | 2,150,000 | 2,269,522 |
6.27%, 11/17/33 (a)(b) | 8,555,000 | 9,160,112 |
6.17%, 05/25/34 (a)(b) | 10,200,000 | 10,579,800 |
Citizens Financial Group, Inc. | ||
2.50%, 02/06/30 (a) | 1,010,000 | 850,299 |
3.25%, 04/30/30 (a) | 2,285,000 | 2,009,977 |
2.64%, 09/30/32 (a) | 1,950,000 | 1,509,980 |
5.64%, 05/21/37 (a)(b) | 1,260,000 | 1,168,517 |
Comerica Bank | ||
5.33%, 08/25/33 (a)(b) | 1,550,000 | 1,431,379 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 1,750,000 | 1,655,409 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 (c) | 2,390,000 | 2,729,900 |
Deutsche Bank AG | ||
5.88%, 07/08/31 (a)(b) | 1,500,000 | 1,465,285 |
3.55%, 09/18/31 (a)(b) | 4,795,000 | 4,214,654 |
3.73%, 01/14/32 (a)(b) | 4,000,000 | 3,362,835 |
3.04%, 05/28/32 (a)(b) | 2,955,000 | 2,472,437 |
3.74%, 01/07/33 (a)(b) | 3,890,000 | 3,200,676 |
7.08%, 02/10/34 (a)(b) | 4,900,000 | 5,042,320 |
Discover Bank | ||
2.70%, 02/06/30 (a) | 1,450,000 | 1,230,436 |
Discover Financial Services | ||
6.70%, 11/29/32 (a) | 2,400,000 | 2,516,460 |
7.96%, 11/02/34 (a)(b) | 3,250,000 | 3,617,225 |
Fifth Third Bancorp | ||
4.77%, 07/28/30 (a)(b) | 3,135,000 | 3,078,113 |
4.34%, 04/25/33 (a)(b) | 1,985,000 | 1,848,971 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 1,500,000 | 1,420,811 |
Goldman Sachs Group, Inc. | ||
2.60%, 02/07/30 (a) | 6,315,000 | 5,554,201 |
3.80%, 03/15/30 (a) | 7,975,000 | 7,502,200 |
1.99%, 01/27/32 (a)(b) | 7,850,000 | 6,357,600 |
2.62%, 04/22/32 (a)(b) | 11,975,000 | 10,064,114 |
2.38%, 07/21/32 (a)(b) | 12,785,000 | 10,517,796 |
2.65%, 10/21/32 (a)(b) | 9,630,000 | 8,034,346 |
6.13%, 02/15/33 | 3,300,000 | 3,628,684 |
3.10%, 02/24/33 (a)(b) | 12,630,000 | 10,850,087 |
6.56%, 10/24/34 (a)(b) | 3,950,000 | 4,350,590 |
HSBC Holdings PLC | ||
4.95%, 03/31/30 | 7,950,000 | 7,886,817 |
3.97%, 05/22/30 (a)(b) | 9,600,000 | 8,979,246 |
2.85%, 06/04/31 (a)(b) | 5,000,000 | 4,309,313 |
2.36%, 08/18/31 (a)(b) | 4,660,000 | 3,871,641 |
2.80%, 05/24/32 (a)(b) | 9,555,000 | 7,984,576 |
2.87%, 11/22/32 (a)(b) | 5,685,000 | 4,736,999 |
4.76%, 03/29/33 (a)(b) | 6,275,000 | 5,851,779 |
5.40%, 08/11/33 (a)(b) | 7,595,000 | 7,637,261 |
8.11%, 11/03/33 (a)(b) | 6,430,000 | 7,410,208 |
6.25%, 03/09/34 (a)(b) | 7,400,000 | 7,848,055 |
6.55%, 06/20/34 (a)(b) | 6,275,000 | 6,570,028 |
7.40%, 11/13/34 (a)(b) | 6,400,000 | 7,027,223 |
Huntington Bancshares, Inc. | ||
2.55%, 02/04/30 (a) | 2,225,000 | 1,907,036 |
5.02%, 05/17/33 (a)(b) | 1,155,000 | 1,124,926 |
2.49%, 08/15/36 (a)(b) | 1,890,000 | 1,433,795 |
Huntington National Bank | ||
5.65%, 01/10/30 (a) | 2,975,000 | 3,012,923 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ING Groep NV | ||
4.05%, 04/09/29 | 2,875,000 | 2,780,659 |
2.73%, 04/01/32 (a)(b) | 2,450,000 | 2,103,483 |
4.25%, 03/28/33 (a)(b) | 3,375,000 | 3,168,012 |
6.11%, 09/11/34 (a)(b) | 4,100,000 | 4,315,518 |
JPMorgan Chase & Co. | ||
3.70%, 05/06/30 (a)(b) | 8,050,000 | 7,577,419 |
4.57%, 06/14/30 (a)(b) | 6,395,000 | 6,258,682 |
8.75%, 09/01/30 | 1,650,000 | 1,988,604 |
2.74%, 10/15/30 (a)(b) | 12,025,000 | 10,700,779 |
4.49%, 03/24/31 (a)(b) | 9,600,000 | 9,369,849 |
2.52%, 04/22/31 (a)(b) | 8,750,000 | 7,578,016 |
2.96%, 05/13/31 (a)(b) | 9,610,000 | 8,460,479 |
1.76%, 11/19/31 (a)(b) | 4,425,000 | 3,594,842 |
1.95%, 02/04/32 (a)(b) | 9,630,000 | 7,840,171 |
2.58%, 04/22/32 (a)(b) | 11,090,000 | 9,391,036 |
2.55%, 11/08/32 (a)(b) | 9,570,000 | 8,001,028 |
2.96%, 01/25/33 (a)(b) | 11,135,000 | 9,550,698 |
4.59%, 04/26/33 (a)(b) | 7,800,000 | 7,532,974 |
4.91%, 07/25/33 (a)(b) | 14,330,000 | 14,178,674 |
5.72%, 09/14/33 (a)(b) | 11,155,000 | 11,544,697 |
5.35%, 06/01/34 (a)(b) | 14,305,000 | 14,541,948 |
6.25%, 10/23/34 (a)(b) | 9,700,000 | 10,524,790 |
KeyBank NA | ||
3.90%, 04/13/29 | 1,200,000 | 1,056,882 |
4.90%, 08/08/32 | 2,300,000 | 2,035,664 |
5.00%, 01/26/33 (a) | 3,405,000 | 3,185,210 |
KeyCorp | ||
2.55%, 10/01/29 | 2,260,000 | 1,923,572 |
4.79%, 06/01/33 (a)(b) | 2,425,000 | 2,230,808 |
Lloyds Banking Group PLC | ||
4.98%, 08/11/33 (a)(b) | 4,150,000 | 4,054,508 |
7.95%, 11/15/33 (a)(b) | 3,225,000 | 3,702,573 |
M&T Bank Corp. | ||
5.05%, 01/27/34 (a)(b) | 3,095,000 | 2,938,377 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.74%, 03/07/29 | 4,720,000 | 4,514,825 |
3.20%, 07/18/29 | 5,425,000 | 4,989,980 |
2.56%, 02/25/30 | 3,640,000 | 3,190,141 |
2.05%, 07/17/30 | 3,860,000 | 3,241,639 |
5.48%, 02/22/31 (a)(b) | 1,700,000 | 1,742,473 |
2.31%, 07/20/32 (a)(b) | 5,675,000 | 4,719,272 |
2.49%, 10/13/32 (a)(b) | 2,290,000 | 1,924,448 |
2.85%, 01/19/33 (a)(b) | 3,475,000 | 2,982,200 |
4.32%, 04/19/33 (a)(b) | 2,050,000 | 1,960,898 |
5.13%, 07/20/33 (a)(b) | 4,850,000 | 4,929,745 |
5.47%, 09/13/33 (a)(b) | 2,450,000 | 2,541,855 |
5.44%, 02/22/34 (a)(b) | 3,950,000 | 4,088,324 |
5.41%, 04/19/34 (a)(b)(c) | 3,200,000 | 3,305,273 |
Mizuho Financial Group, Inc. | ||
3.26%, 05/22/30 (a)(b) | 1,700,000 | 1,549,941 |
3.15%, 07/16/30 (a)(b) | 2,385,000 | 2,152,085 |
2.87%, 09/13/30 (a)(b) | 1,700,000 | 1,506,012 |
2.59%, 05/25/31 (a)(b) | 1,710,000 | 1,466,546 |
5.74%, 05/27/31 (a)(b) | 2,450,000 | 2,526,003 |
2.20%, 07/10/31 (a)(b) | 3,415,000 | 2,848,583 |
1.98%, 09/08/31 (a)(b) | 2,450,000 | 2,004,675 |
2.56%, 09/13/31 | 3,175,000 | 2,589,446 |
2.17%, 05/22/32 (a)(b) | 2,250,000 | 1,831,931 |
2.26%, 07/09/32 (a)(b) | 775,000 | 632,706 |
5.67%, 09/13/33 (a)(b) | 2,650,000 | 2,738,018 |
5.75%, 05/27/34 (a)(b) | 3,050,000 | 3,170,880 |
5.75%, 07/06/34 (a)(b) | 3,370,000 | 3,498,562 |
Morgan Stanley | ||
4.43%, 01/23/30 (a)(b) | 9,595,000 | 9,349,876 |
2.70%, 01/22/31 (a)(b) | 11,250,000 | 9,867,964 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.62%, 04/01/31 (a)(b) | 9,525,000 | 8,782,254 |
1.79%, 02/13/32 (a)(b) | 8,800,000 | 7,032,783 |
7.25%, 04/01/32 | 3,185,000 | 3,759,104 |
1.93%, 04/28/32 (a)(b) | 8,000,000 | 6,436,322 |
2.24%, 07/21/32 (a)(b) | 11,085,000 | 9,062,248 |
2.51%, 10/20/32 (a)(b) | 7,950,000 | 6,596,324 |
2.94%, 01/21/33 (a)(b) | 7,800,000 | 6,639,893 |
4.89%, 07/20/33 (a)(b) | 6,425,000 | 6,272,728 |
6.34%, 10/18/33 (a)(b) | 9,470,000 | 10,210,997 |
5.25%, 04/21/34 (a)(b) | 10,540,000 | 10,546,548 |
5.42%, 07/21/34 (a)(b) | 7,910,000 | 8,033,762 |
6.63%, 11/01/34 (a)(b) | 6,400,000 | 7,094,134 |
2.48%, 09/16/36 (a)(b) | 9,705,000 | 7,708,646 |
5.30%, 04/20/37 (a)(b) | 6,300,000 | 6,135,436 |
5.95%, 01/19/38 (a)(b) | 6,375,000 | 6,457,710 |
NatWest Group PLC | ||
5.08%, 01/27/30 (a)(b) | 5,600,000 | 5,531,109 |
4.45%, 05/08/30 (a)(b) | 4,050,000 | 3,880,290 |
6.02%, 03/02/34 (a)(b) | 3,100,000 | 3,264,251 |
3.03%, 11/28/35 (a)(b) | 2,730,000 | 2,275,153 |
Northern Trust Corp. | ||
3.15%, 05/03/29 (a) | 1,650,000 | 1,557,846 |
1.95%, 05/01/30 (a) | 3,175,000 | 2,738,878 |
6.13%, 11/02/32 (a) | 3,105,000 | 3,337,358 |
PNC Bank NA | ||
2.70%, 10/22/29 | 2,383,000 | 2,098,301 |
PNC Financial Services Group, Inc. | ||
3.45%, 04/23/29 (a) | 4,796,000 | 4,545,611 |
2.55%, 01/22/30 (a) | 6,455,000 | 5,654,845 |
2.31%, 04/23/32 (a)(b) | 3,172,000 | 2,656,506 |
4.63%, 06/06/33 (a)(b) | 2,824,000 | 2,657,385 |
6.04%, 10/28/33 (a)(b) | 4,729,000 | 4,947,833 |
5.07%, 01/24/34 (a)(b) | 4,554,000 | 4,459,168 |
5.94%, 08/18/34 (a)(b) | 2,450,000 | 2,555,863 |
6.88%, 10/20/34 (a)(b) | 7,300,000 | 8,113,110 |
Royal Bank of Canada | ||
2.30%, 11/03/31 | 4,705,000 | 3,974,445 |
3.88%, 05/04/32 | 3,185,000 | 3,006,415 |
5.00%, 02/01/33 | 5,410,000 | 5,508,274 |
5.00%, 05/02/33 | 2,900,000 | 2,956,361 |
Santander Holdings USA, Inc. | ||
7.66%, 11/09/31 (a)(b) | 1,650,000 | 1,787,894 |
Santander U.K. Group Holdings PLC | ||
2.90%, 03/15/32 (a)(b) | 1,950,000 | 1,680,603 |
State Street Corp. | ||
2.40%, 01/24/30 | 2,455,000 | 2,194,418 |
2.20%, 03/03/31 | 2,650,000 | 2,211,398 |
3.15%, 03/30/31 (a)(b) | 1,450,000 | 1,309,038 |
2.62%, 02/07/33 (a)(b) | 1,750,000 | 1,476,228 |
4.42%, 05/13/33 (a)(b) | 1,500,000 | 1,460,995 |
4.16%, 08/04/33 (a)(b) | 2,450,000 | 2,311,354 |
4.82%, 01/26/34 (a)(b) | 2,475,000 | 2,441,130 |
5.16%, 05/18/34 (a)(b) | 3,180,000 | 3,209,110 |
3.03%, 11/01/34 (a)(b) | 1,525,000 | 1,369,661 |
6.12%, 11/21/34 (a)(b) | 1,700,000 | 1,807,017 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.47%, 01/14/29 | 1,500,000 | 1,336,402 |
3.04%, 07/16/29 | 7,940,000 | 7,254,276 |
3.20%, 09/17/29 | 1,700,000 | 1,547,180 |
2.72%, 09/27/29 | 1,500,000 | 1,333,558 |
5.71%, 01/13/30 | 4,195,000 | 4,360,379 |
2.75%, 01/15/30 | 4,025,000 | 3,562,242 |
2.13%, 07/08/30 | 4,850,000 | 4,090,505 |
5.85%, 07/13/30 | 1,865,000 | 1,950,993 |
2.14%, 09/23/30 | 2,795,000 | 2,325,317 |
1.71%, 01/12/31 | 1,775,000 | 1,434,717 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.22%, 09/17/31 | 3,175,000 | 2,622,701 |
5.77%, 01/13/33 | 5,700,000 | 6,029,467 |
5.78%, 07/13/33 | 2,030,000 | 2,153,188 |
5.81%, 09/14/33 | 2,900,000 | 3,091,320 |
Synchrony Financial | ||
5.15%, 03/19/29 (a) | 2,060,000 | 2,005,760 |
2.88%, 10/28/31 (a) | 2,375,000 | 1,905,182 |
Toronto-Dominion Bank | ||
2.00%, 09/10/31 | 2,700,000 | 2,246,700 |
2.45%, 01/12/32 | 2,065,000 | 1,734,173 |
3.20%, 03/10/32 | 4,750,000 | 4,212,905 |
4.46%, 06/08/32 | 6,470,000 | 6,291,373 |
Truist Bank | ||
2.25%, 03/11/30 (a) | 4,050,000 | 3,368,891 |
Truist Financial Corp. | ||
3.88%, 03/19/29 (a) | 2,075,000 | 1,945,265 |
1.95%, 06/05/30 (a) | 2,475,000 | 2,071,081 |
4.92%, 07/28/33 (a)(b) | 3,175,000 | 2,970,913 |
6.12%, 10/28/33 (a)(b) | 2,365,000 | 2,456,627 |
5.12%, 01/26/34 (a)(b) | 4,750,000 | 4,604,576 |
5.87%, 06/08/34 (a)(b) | 5,700,000 | 5,827,358 |
U.S. Bancorp | ||
3.00%, 07/30/29 (a) | 3,055,000 | 2,768,768 |
1.38%, 07/22/30 (a) | 4,105,000 | 3,312,705 |
2.68%, 01/27/33 (a)(b) | 2,864,000 | 2,395,228 |
4.97%, 07/22/33 (a)(b) | 4,025,000 | 3,822,130 |
5.85%, 10/21/33 (a)(b) | 4,790,000 | 4,947,892 |
4.84%, 02/01/34 (a)(b) | 6,450,000 | 6,192,247 |
5.84%, 06/12/34 (a)(b) | 5,391,000 | 5,569,065 |
2.49%, 11/03/36 (a)(b) | 4,169,000 | 3,269,012 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 950,000 | 882,342 |
Wells Fargo & Co. | ||
4.15%, 01/24/29 (a) | 7,832,000 | 7,624,846 |
7.95%, 11/15/29 | 975,000 | 1,094,857 |
2.88%, 10/30/30 (a)(b) | 11,100,000 | 9,869,158 |
2.57%, 02/11/31 (a)(b) | 9,580,000 | 8,292,616 |
4.48%, 04/04/31 (a)(b) | 8,025,000 | 7,767,707 |
3.35%, 03/02/33 (a)(b) | 12,700,000 | 11,111,615 |
4.90%, 07/25/33 (a)(b) | 13,400,000 | 13,068,670 |
5.39%, 04/24/34 (a)(b) | 12,050,000 | 12,107,051 |
5.56%, 07/25/34 (a)(b) | 13,505,000 | 13,766,817 |
6.49%, 10/23/34 (a)(b) | 10,450,000 | 11,387,622 |
Westpac Banking Corp. | ||
2.65%, 01/16/30 | 2,170,000 | 1,945,990 |
2.15%, 06/03/31 | 3,375,000 | 2,855,319 |
5.41%, 08/10/33 (a)(b) | 3,125,000 | 3,106,940 |
6.82%, 11/17/33 | 2,450,000 | 2,665,394 |
4.11%, 07/24/34 (a)(b) | 3,900,000 | 3,581,069 |
2.67%, 11/15/35 (a)(b) | 4,755,000 | 3,873,388 |
3.02%, 11/18/36 (a)(b) | 4,085,000 | 3,322,606 |
Wintrust Financial Corp. | ||
4.85%, 06/06/29 | 875,000 | 801,579 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 1,575,000 | 1,295,095 |
1,375,181,642 | ||
Brokerage/Asset Managers/Exchanges 2.0% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 1,085,000 | 966,754 |
Ameriprise Financial, Inc. | ||
4.50%, 05/13/32 (a) | 1,660,000 | 1,651,469 |
5.15%, 05/15/33 (a) | 2,475,000 | 2,554,151 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Apollo Global Management, Inc. | ||
6.38%, 11/15/33 (a) | 1,650,000 | 1,779,822 |
BlackRock, Inc. | ||
3.25%, 04/30/29 (a) | 3,125,000 | 3,007,523 |
2.40%, 04/30/30 (a) | 3,170,000 | 2,834,056 |
1.90%, 01/28/31 (a) | 3,980,000 | 3,360,687 |
2.10%, 02/25/32 (a) | 3,130,000 | 2,619,376 |
4.75%, 05/25/33 (a) | 4,040,000 | 4,085,473 |
Brookfield Capital Finance LLC | ||
6.09%, 06/14/33 (a) | 1,750,000 | 1,830,428 |
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. | ||
2.34%, 01/30/32 (a) | 1,845,000 | 1,478,648 |
Brookfield Finance, Inc. | ||
4.85%, 03/29/29 (a) | 3,225,000 | 3,210,459 |
4.35%, 04/15/30 (a) | 2,395,000 | 2,310,355 |
2.72%, 04/15/31 (a) | 1,675,000 | 1,430,435 |
Cboe Global Markets, Inc. | ||
1.63%, 12/15/30 (a) | 1,675,000 | 1,380,156 |
3.00%, 03/16/32 (a) | 900,000 | 799,749 |
Charles Schwab Corp. | ||
4.00%, 02/01/29 (a)(d) | 1,865,000 | 1,813,161 |
3.25%, 05/22/29 (a)(d) | 1,855,000 | 1,740,882 |
2.75%, 10/01/29 (a)(d) | 1,400,000 | 1,262,336 |
4.63%, 03/22/30 (a)(d) | 1,545,000 | 1,553,795 |
1.65%, 03/11/31 (a)(d) | 2,275,000 | 1,837,061 |
2.30%, 05/13/31 (a)(d) | 2,295,000 | 1,919,612 |
1.95%, 12/01/31 (a)(d) | 2,575,000 | 2,073,565 |
2.90%, 03/03/32 (a)(d) | 3,070,000 | 2,651,015 |
5.85%, 05/19/34 (a)(b)(d) | 4,100,000 | 4,234,320 |
6.14%, 08/24/34 (a)(b)(d) | 4,265,000 | 4,506,881 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 3,135,000 | 2,481,725 |
CME Group, Inc. | ||
2.65%, 03/15/32 (a) | 2,540,000 | 2,258,918 |
Franklin Resources, Inc. | ||
1.60%, 10/30/30 (a) | 2,710,000 | 2,218,521 |
Intercontinental Exchange, Inc. | ||
4.35%, 06/15/29 (a) | 3,860,000 | 3,847,799 |
2.10%, 06/15/30 (a) | 4,140,000 | 3,582,023 |
1.85%, 09/15/32 (a) | 4,840,000 | 3,886,763 |
4.60%, 03/15/33 (a) | 4,805,000 | 4,801,038 |
Jefferies Financial Group, Inc. | ||
4.15%, 01/23/30 | 3,210,000 | 3,020,066 |
2.63%, 10/15/31 (a) | 3,295,000 | 2,737,846 |
2.75%, 10/15/32 (a) | 1,670,000 | 1,374,594 |
Lazard Group LLC | ||
4.38%, 03/11/29 (a) | 1,635,000 | 1,591,632 |
Nasdaq, Inc. | ||
1.65%, 01/15/31 (a) | 2,125,000 | 1,725,977 |
Nomura Holdings, Inc. | ||
2.71%, 01/22/29 | 1,600,000 | 1,418,516 |
5.61%, 07/06/29 | 1,850,000 | 1,892,089 |
3.10%, 01/16/30 | 4,710,000 | 4,167,903 |
2.68%, 07/16/30 | 3,300,000 | 2,813,076 |
2.61%, 07/14/31 | 3,250,000 | 2,699,942 |
3.00%, 01/22/32 | 2,610,000 | 2,203,977 |
6.18%, 01/18/33 (c) | 2,300,000 | 2,454,267 |
6.09%, 07/12/33 | 1,750,000 | 1,861,112 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 1,635,000 | 1,649,270 |
Stifel Financial Corp. | ||
4.00%, 05/15/30 (a) | 1,265,000 | 1,152,132 |
114,731,355 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Finance Companies 0.7% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
6.15%, 09/30/30 (a) | 3,025,000 | 3,193,189 |
3.30%, 01/30/32 (a) | 12,875,000 | 11,219,612 |
3.40%, 10/29/33 (a) | 4,300,000 | 3,696,149 |
Air Lease Corp. | ||
3.25%, 10/01/29 (a) | 1,660,000 | 1,502,810 |
3.00%, 02/01/30 (a) | 2,200,000 | 1,952,930 |
3.13%, 12/01/30 (a) | 2,490,000 | 2,182,748 |
2.88%, 01/15/32 (a) | 2,355,000 | 1,997,739 |
ARES Capital Corp. | ||
3.20%, 11/15/31 (a) | 2,055,000 | 1,721,258 |
Blackstone Private Credit Fund | ||
4.00%, 01/15/29 (a) | 1,905,000 | 1,741,272 |
Blue Owl Credit Income Corp. | ||
7.75%, 01/15/29 (a)(e) | 1,700,000 | 1,753,379 |
FS KKR Capital Corp. | ||
7.88%, 01/15/29 (a) | 1,200,000 | 1,273,881 |
GATX Corp. | ||
4.70%, 04/01/29 (a) | 1,465,000 | 1,454,416 |
4.00%, 06/30/30 (a) | 1,695,000 | 1,593,888 |
1.90%, 06/01/31 (a) | 1,275,000 | 1,018,571 |
3.50%, 06/01/32 (a) | 1,375,000 | 1,204,756 |
4.90%, 03/15/33 (a) | 1,170,000 | 1,148,620 |
5.45%, 09/15/33 (a) | 1,400,000 | 1,413,247 |
Oaktree Specialty Lending Corp. | ||
7.10%, 02/15/29 (a) | 1,000,000 | 1,032,154 |
41,100,619 | ||
Financial Other 0.1% | ||
ORIX Corp. | ||
2.25%, 03/09/31 (c) | 1,625,000 | 1,389,721 |
4.00%, 04/13/32 | 1,500,000 | 1,410,470 |
5.20%, 09/13/32 | 1,700,000 | 1,756,565 |
4,556,756 | ||
Insurance 4.8% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 1,000,000 | 1,181,478 |
Aflac, Inc. | ||
3.60%, 04/01/30 (a) | 3,120,000 | 2,949,792 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 1,580,000 | 1,496,115 |
Allstate Corp. | ||
1.45%, 12/15/30 (a) | 1,885,000 | 1,527,489 |
5.25%, 03/30/33 (a) | 2,450,000 | 2,505,422 |
5.35%, 06/01/33 | 1,050,000 | 1,080,733 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 1,025,000 | 1,030,499 |
American International Group, Inc. | ||
3.40%, 06/30/30 (a) | 1,135,000 | 1,045,339 |
5.13%, 03/27/33 (a) | 2,425,000 | 2,462,906 |
Aon Corp. | ||
3.75%, 05/02/29 (a) | 2,448,000 | 2,343,619 |
2.80%, 05/15/30 (a) | 3,170,000 | 2,813,798 |
Aon Corp./Aon Global Holdings PLC | ||
2.05%, 08/23/31 (a) | 1,305,000 | 1,067,537 |
2.60%, 12/02/31 (a) | 1,450,000 | 1,229,633 |
5.00%, 09/12/32 (a) | 1,635,000 | 1,638,952 |
5.35%, 02/28/33 (a) | 2,310,000 | 2,374,944 |
Arthur J Gallagher & Co. | ||
2.40%, 11/09/31 (a) | 1,160,000 | 959,939 |
5.50%, 03/02/33 (a) | 1,120,000 | 1,142,355 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Assurant, Inc. | ||
3.70%, 02/22/30 (a) | 1,315,000 | 1,187,432 |
2.65%, 01/15/32 (a)(c) | 1,015,000 | 824,832 |
Assured Guaranty U.S. Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 1,600,000 | 1,418,458 |
Athene Holding Ltd. | ||
6.15%, 04/03/30 (a) | 1,610,000 | 1,665,873 |
3.50%, 01/15/31 (a) | 1,570,000 | 1,386,193 |
6.65%, 02/01/33 (a) | 1,325,000 | 1,409,910 |
AXA SA | ||
8.60%, 12/15/30 | 2,805,000 | 3,378,485 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 1,225,000 | 1,163,565 |
4.90%, 01/15/40 (a)(b) | 445,000 | 371,457 |
Berkshire Hathaway Finance Corp. | ||
1.85%, 03/12/30 (a) | 1,585,000 | 1,381,687 |
1.45%, 10/15/30 (a) | 2,540,000 | 2,143,661 |
2.88%, 03/15/32 (a) | 3,215,000 | 2,902,311 |
Brighthouse Financial, Inc. | ||
5.63%, 05/15/30 (a) | 2,055,000 | 2,086,753 |
Brown & Brown, Inc. | ||
4.50%, 03/15/29 (a) | 1,040,000 | 1,015,710 |
2.38%, 03/15/31 (a) | 2,225,000 | 1,828,239 |
4.20%, 03/17/32 (a) | 2,025,000 | 1,856,096 |
Centene Corp. | ||
4.63%, 12/15/29 (a) | 11,120,000 | 10,699,662 |
3.38%, 02/15/30 (a) | 6,220,000 | 5,586,097 |
3.00%, 10/15/30 (a) | 7,060,000 | 6,149,609 |
2.50%, 03/01/31 (a) | 6,940,000 | 5,791,453 |
2.63%, 08/01/31 (a) | 4,105,000 | 3,428,618 |
Chubb INA Holdings, Inc. | ||
1.38%, 09/15/30 (a) | 3,255,000 | 2,684,187 |
CNA Financial Corp. | ||
3.90%, 05/01/29 (a) | 1,660,000 | 1,590,359 |
2.05%, 08/15/30 (a) | 1,445,000 | 1,209,405 |
5.50%, 06/15/33 (a) | 1,700,000 | 1,755,184 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 1,575,000 | 1,561,298 |
Corebridge Financial, Inc. | ||
3.85%, 04/05/29 (a) | 3,110,000 | 2,939,231 |
3.90%, 04/05/32 (a) | 4,870,000 | 4,415,658 |
6.05%, 09/15/33 (a)(e) | 1,600,000 | 1,673,911 |
Elevance Health, Inc. | ||
2.88%, 09/15/29 (a) | 2,450,000 | 2,247,229 |
2.25%, 05/15/30 (a) | 3,415,000 | 2,962,811 |
2.55%, 03/15/31 (a) | 3,260,000 | 2,832,195 |
4.10%, 05/15/32 (a) | 1,900,000 | 1,815,191 |
5.50%, 10/15/32 (a) | 2,315,000 | 2,424,074 |
4.75%, 02/15/33 (a) | 3,165,000 | 3,170,071 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 1,485,000 | 1,451,855 |
3.10%, 09/01/31 (a) | 1,790,000 | 1,463,094 |
Equitable Holdings, Inc. | ||
5.59%, 01/11/33 (a) | 1,525,000 | 1,572,284 |
Fairfax Financial Holdings Ltd. | ||
4.63%, 04/29/30 (a) | 2,205,000 | 2,124,230 |
3.38%, 03/03/31 (a) | 1,855,000 | 1,636,869 |
5.63%, 08/16/32 (a) | 2,590,000 | 2,594,620 |
6.00%, 12/07/33 (a)(e) | 1,100,000 | 1,130,435 |
Fidelity National Financial, Inc. | ||
3.40%, 06/15/30 (a) | 2,025,000 | 1,819,164 |
2.45%, 03/15/31 (a) | 2,095,000 | 1,737,968 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 1,510,000 | 1,369,382 |
2.40%, 08/15/31 (a) | 2,040,000 | 1,615,091 |
Globe Life, Inc. | ||
2.15%, 08/15/30 (a) | 1,260,000 | 1,061,388 |
4.80%, 06/15/32 (a) | 1,370,000 | 1,334,953 |
Hanover Insurance Group, Inc. | ||
2.50%, 09/01/30 (a) | 940,000 | 775,105 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 1,905,000 | 1,734,742 |
Humana, Inc. | ||
3.70%, 03/23/29 (a) | 2,290,000 | 2,205,787 |
3.13%, 08/15/29 (a) | 1,565,000 | 1,453,555 |
4.88%, 04/01/30 (a) | 1,585,000 | 1,606,193 |
2.15%, 02/03/32 (a) | 2,420,000 | 1,994,559 |
5.88%, 03/01/33 (a) | 2,510,000 | 2,675,679 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a) | 1,635,000 | 1,376,822 |
5.67%, 06/08/32 (a)(c) | 1,050,000 | 1,070,053 |
Kemper Corp. | ||
2.40%, 09/30/30 (a) | 1,285,000 | 1,007,176 |
3.80%, 02/23/32 (a) | 1,415,000 | 1,202,453 |
Lincoln National Corp. | ||
3.05%, 01/15/30 (a) | 1,700,000 | 1,503,368 |
3.40%, 01/15/31 (a)(c) | 1,595,000 | 1,431,925 |
3.40%, 03/01/32 (a) | 970,000 | 832,279 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 1,780,000 | 1,633,656 |
Manulife Financial Corp. | ||
3.70%, 03/16/32 (a) | 2,440,000 | 2,291,464 |
Markel Group, Inc. | ||
3.35%, 09/17/29 (a) | 1,170,000 | 1,073,347 |
Marsh & McLennan Cos., Inc. | ||
4.38%, 03/15/29 (a) | 4,790,000 | 4,771,221 |
2.25%, 11/15/30 (a) | 2,475,000 | 2,140,073 |
2.38%, 12/15/31 (a) | 1,410,000 | 1,201,733 |
5.75%, 11/01/32 (a) | 1,560,000 | 1,682,962 |
5.88%, 08/01/33 | 850,000 | 929,274 |
5.40%, 09/15/33 (a) | 2,100,000 | 2,219,394 |
MetLife, Inc. | ||
4.55%, 03/23/30 (a) | 3,225,000 | 3,247,657 |
6.50%, 12/15/32 | 1,760,000 | 2,001,573 |
5.38%, 07/15/33 (a) | 3,300,000 | 3,446,325 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 1,810,000 | 1,716,664 |
4.50%, 10/01/50 (a)(b) | 260,000 | 224,977 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 1,950,000 | 1,653,818 |
Principal Financial Group, Inc. | ||
3.70%, 05/15/29 (a) | 1,615,000 | 1,524,450 |
2.13%, 06/15/30 (a) | 1,850,000 | 1,565,793 |
5.38%, 03/15/33 (a) | 1,290,000 | 1,324,403 |
Progressive Corp. | ||
4.00%, 03/01/29 (a) | 1,660,000 | 1,639,263 |
6.63%, 03/01/29 | 950,000 | 1,042,172 |
3.20%, 03/26/30 (a) | 1,605,000 | 1,486,849 |
3.00%, 03/15/32 (a) | 1,570,000 | 1,402,467 |
6.25%, 12/01/32 | 1,430,000 | 1,596,107 |
4.95%, 06/15/33 (a) | 1,510,000 | 1,550,504 |
Prudential Financial, Inc. | ||
2.10%, 03/10/30 (a) | 1,600,000 | 1,402,646 |
5.75%, 07/15/33 | 950,000 | 1,038,916 |
3.70%, 10/01/50 (a)(b) | 2,455,000 | 2,131,140 |
5.13%, 03/01/52 (a)(b) | 3,260,000 | 3,065,619 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.00%, 09/01/52 (a)(b) | 3,825,000 | 3,816,861 |
6.75%, 03/01/53 (a)(b) | 1,565,000 | 1,636,533 |
Prudential Funding Asia PLC | ||
3.13%, 04/14/30 | 3,060,000 | 2,756,036 |
3.63%, 03/24/32 (a) | 1,185,000 | 1,069,920 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 1,900,000 | 1,814,729 |
3.15%, 06/15/30 (a) | 1,955,000 | 1,759,689 |
6.00%, 09/15/33 (a) | 1,250,000 | 1,314,171 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 1,170,000 | 1,090,680 |
5.75%, 06/05/33 (a) | 2,475,000 | 2,509,169 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 1,465,000 | 1,146,361 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 1,500,000 | 1,717,723 |
UnitedHealth Group, Inc. | ||
4.25%, 01/15/29 (a) | 3,935,000 | 3,929,687 |
4.00%, 05/15/29 (a) | 2,920,000 | 2,878,020 |
2.88%, 08/15/29 | 3,250,000 | 3,019,999 |
5.30%, 02/15/30 (a) | 4,140,000 | 4,335,455 |
2.00%, 05/15/30 | 3,975,000 | 3,438,398 |
2.30%, 05/15/31 (a) | 4,805,000 | 4,165,637 |
4.20%, 05/15/32 (a) | 4,865,000 | 4,762,041 |
5.35%, 02/15/33 (a) | 6,350,000 | 6,718,668 |
4.50%, 04/15/33 (a) | 4,790,000 | 4,755,029 |
Unum Group | ||
4.00%, 06/15/29 (a) | 1,245,000 | 1,182,495 |
Willis North America, Inc. | ||
2.95%, 09/15/29 (a) | 2,415,000 | 2,168,007 |
5.35%, 05/15/33 (a) | 2,358,000 | 2,385,120 |
276,963,379 | ||
REITs 4.5% | ||
Agree LP | ||
2.90%, 10/01/30 (a) | 1,010,000 | 872,195 |
4.80%, 10/01/32 (a) | 980,000 | 928,282 |
2.60%, 06/15/33 (a) | 920,000 | 731,270 |
Alexandria Real Estate Equities, Inc. | ||
4.50%, 07/30/29 (a) | 1,050,000 | 1,023,195 |
2.75%, 12/15/29 (a) | 1,310,000 | 1,156,841 |
4.70%, 07/01/30 (a) | 1,465,000 | 1,438,229 |
4.90%, 12/15/30 (a) | 2,275,000 | 2,281,948 |
3.38%, 08/15/31 (a) | 2,315,000 | 2,090,808 |
2.00%, 05/18/32 (a) | 2,730,000 | 2,190,708 |
1.88%, 02/01/33 (a) | 3,185,000 | 2,486,275 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 1,660,000 | 1,356,251 |
American Homes 4 Rent LP | ||
4.90%, 02/15/29 (a) | 1,295,000 | 1,284,673 |
2.38%, 07/15/31 (a) | 1,500,000 | 1,240,244 |
3.63%, 04/15/32 (a) | 1,785,000 | 1,602,650 |
AvalonBay Communities, Inc. | ||
3.30%, 06/01/29 (a) | 1,400,000 | 1,308,854 |
2.30%, 03/01/30 (a) | 2,240,000 | 1,956,830 |
2.45%, 01/15/31 (a) | 1,917,000 | 1,653,899 |
2.05%, 01/15/32 (a) | 2,285,000 | 1,915,586 |
5.00%, 02/15/33 (a) | 1,065,000 | 1,086,814 |
5.30%, 12/07/33 (a) | 1,300,000 | 1,350,907 |
Boston Properties LP | ||
3.40%, 06/21/29 (a) | 2,654,000 | 2,387,820 |
2.90%, 03/15/30 (a) | 2,260,000 | 1,937,424 |
3.25%, 01/30/31 (a) | 3,995,000 | 3,434,594 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.55%, 04/01/32 (a) | 2,950,000 | 2,353,555 |
2.45%, 10/01/33 (a) | 2,505,000 | 1,910,260 |
Brixmor Operating Partnership LP | ||
4.13%, 05/15/29 (a) | 2,485,000 | 2,369,628 |
4.05%, 07/01/30 (a) | 2,560,000 | 2,407,733 |
2.50%, 08/16/31 (a) | 1,550,000 | 1,303,375 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 1,215,000 | 946,869 |
Camden Property Trust | ||
3.15%, 07/01/29 (a) | 1,915,000 | 1,772,501 |
2.80%, 05/15/30 (a) | 2,405,000 | 2,161,259 |
Corporate Office Properties LP | ||
2.00%, 01/15/29 (a) | 1,330,000 | 1,111,068 |
2.75%, 04/15/31 (a) | 2,050,000 | 1,675,757 |
2.90%, 12/01/33 (a) | 1,000,000 | 786,530 |
CubeSmart LP | ||
4.38%, 02/15/29 (a) | 1,025,000 | 996,319 |
3.00%, 02/15/30 (a) | 1,115,000 | 991,734 |
2.00%, 02/15/31 (a) | 1,465,000 | 1,198,010 |
2.50%, 02/15/32 (a) | 1,875,000 | 1,561,913 |
Digital Realty Trust LP | ||
3.60%, 07/01/29 (a) | 2,825,000 | 2,660,434 |
EPR Properties | ||
3.75%, 08/15/29 (a) | 1,620,000 | 1,429,207 |
3.60%, 11/15/31 (a) | 1,240,000 | 1,031,817 |
ERP Operating LP | ||
3.00%, 07/01/29 (a) | 1,850,000 | 1,710,905 |
2.50%, 02/15/30 (a) | 1,855,000 | 1,644,509 |
1.85%, 08/01/31 (a) | 1,588,000 | 1,307,046 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 1,275,000 | 1,004,283 |
Essex Portfolio LP | ||
4.00%, 03/01/29 (a) | 1,575,000 | 1,504,301 |
3.00%, 01/15/30 (a) | 1,700,000 | 1,517,858 |
1.65%, 01/15/31 (a) | 1,135,000 | 904,045 |
2.55%, 06/15/31 (a) | 860,000 | 723,027 |
2.65%, 03/15/32 (a) | 2,010,000 | 1,686,237 |
Extra Space Storage LP | ||
3.90%, 04/01/29 (a) | 1,250,000 | 1,187,163 |
4.00%, 06/15/29 (a) | 1,020,000 | 975,249 |
5.50%, 07/01/30 (a) | 1,475,000 | 1,509,662 |
2.20%, 10/15/30 (a) | 1,290,000 | 1,075,285 |
5.90%, 01/15/31 (a) | 1,950,000 | 2,038,600 |
2.55%, 06/01/31 (a) | 1,510,000 | 1,256,744 |
2.40%, 10/15/31 (a) | 1,745,000 | 1,439,890 |
2.35%, 03/15/32 (a) | 1,920,000 | 1,567,557 |
Federal Realty OP LP | ||
3.20%, 06/15/29 (a) | 1,365,000 | 1,242,232 |
3.50%, 06/01/30 (a) | 1,183,000 | 1,075,271 |
Healthcare Realty Holdings LP | ||
3.10%, 02/15/30 (a) | 2,070,000 | 1,815,165 |
2.00%, 03/15/31 (a) | 2,575,000 | 2,072,662 |
Healthpeak OP LLC | ||
3.50%, 07/15/29 (a) | 2,045,000 | 1,910,397 |
3.00%, 01/15/30 (a) | 2,375,000 | 2,120,456 |
2.88%, 01/15/31 (a) | 1,805,000 | 1,568,249 |
5.25%, 12/15/32 (a) | 2,350,000 | 2,381,659 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 1,225,000 | 1,114,522 |
3.05%, 02/15/30 (a) | 1,250,000 | 1,036,869 |
2.60%, 02/01/31 (a) | 1,200,000 | 939,424 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Host Hotels & Resorts LP | ||
3.38%, 12/15/29 (a) | 2,095,000 | 1,887,563 |
3.50%, 09/15/30 (a) | 2,365,000 | 2,117,810 |
2.90%, 12/15/31 (a) | 1,410,000 | 1,188,132 |
Hudson Pacific Properties LP | ||
4.65%, 04/01/29 (a) | 1,585,000 | 1,301,186 |
3.25%, 01/15/30 (a) | 1,245,000 | 936,089 |
Invitation Homes Operating Partnership LP | ||
5.45%, 08/15/30 (a) | 1,425,000 | 1,437,970 |
2.00%, 08/15/31 (a) | 2,280,000 | 1,817,092 |
4.15%, 04/15/32 (a) | 1,600,000 | 1,475,919 |
5.50%, 08/15/33 (a) | 1,185,000 | 1,188,183 |
Kilroy Realty LP | ||
4.25%, 08/15/29 (a) | 1,255,000 | 1,159,269 |
3.05%, 02/15/30 (a) | 1,730,000 | 1,473,490 |
2.50%, 11/15/32 (a) | 1,319,000 | 1,003,199 |
2.65%, 11/15/33 (a) | 1,425,000 | 1,083,206 |
Kimco Realty OP LLC | ||
2.70%, 10/01/30 (a) | 1,610,000 | 1,398,273 |
2.25%, 12/01/31 (a) | 1,450,000 | 1,184,915 |
3.20%, 04/01/32 (a) | 1,775,000 | 1,548,174 |
4.60%, 02/01/33 (a) | 2,215,000 | 2,139,764 |
Kite Realty Group Trust | ||
4.75%, 09/15/30 (a) | 1,215,000 | 1,147,181 |
LXP Industrial Trust | ||
2.70%, 09/15/30 (a) | 1,335,000 | 1,112,596 |
2.38%, 10/01/31 (a) | 1,090,000 | 880,830 |
Mid-America Apartments LP | ||
3.95%, 03/15/29 (a) | 1,730,000 | 1,684,312 |
2.75%, 03/15/30 (a) | 870,000 | 764,052 |
1.70%, 02/15/31 (a) | 1,500,000 | 1,223,026 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 1,330,000 | 1,072,184 |
NNN REIT, Inc. | ||
2.50%, 04/15/30 (a) | 1,230,000 | 1,062,931 |
5.60%, 10/15/33 (a) | 1,580,000 | 1,634,171 |
Omega Healthcare Investors, Inc. | ||
3.63%, 10/01/29 (a) | 1,600,000 | 1,420,455 |
3.38%, 02/01/31 (a) | 2,214,000 | 1,881,161 |
3.25%, 04/15/33 (a) | 2,245,000 | 1,812,660 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 1,135,000 | 931,905 |
Physicians Realty LP | ||
2.63%, 11/01/31 (a) | 1,585,000 | 1,313,133 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 1,040,000 | 791,542 |
2.75%, 04/01/32 (a) | 910,000 | 634,526 |
Prologis LP | ||
4.38%, 02/01/29 (a) | 1,025,000 | 1,014,147 |
2.88%, 11/15/29 (a) | 1,165,000 | 1,063,443 |
2.25%, 04/15/30 (a) | 3,105,000 | 2,720,874 |
1.75%, 07/01/30 (a) | 1,025,000 | 863,588 |
1.25%, 10/15/30 (a) | 2,315,000 | 1,875,052 |
1.75%, 02/01/31 (a) | 1,355,000 | 1,127,651 |
1.63%, 03/15/31 (a) | 1,240,000 | 1,006,597 |
2.25%, 01/15/32 (a) | 1,460,000 | 1,227,706 |
4.63%, 01/15/33 (a) | 2,000,000 | 2,013,993 |
4.75%, 06/15/33 (a) | 2,615,000 | 2,653,801 |
Public Storage Operating Co. | ||
5.13%, 01/15/29 (a) | 1,600,000 | 1,653,756 |
3.39%, 05/01/29 (a) | 1,725,000 | 1,649,728 |
2.30%, 05/01/31 (a) | 2,045,000 | 1,771,168 |
2.25%, 11/09/31 (a) | 1,770,000 | 1,514,502 |
5.10%, 08/01/33 (a) | 2,240,000 | 2,321,806 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Realty Income Corp. | ||
3.25%, 06/15/29 (a) | 1,460,000 | 1,366,757 |
3.10%, 12/15/29 (a) | 2,040,000 | 1,874,054 |
4.85%, 03/15/30 (a) | 1,800,000 | 1,813,795 |
3.25%, 01/15/31 (a) | 3,095,000 | 2,818,566 |
5.63%, 10/13/32 (a) | 2,675,000 | 2,821,960 |
2.85%, 12/15/32 (a) | 2,310,000 | 1,973,208 |
1.80%, 03/15/33 (a) | 1,150,000 | 894,998 |
4.90%, 07/15/33 (a) | 1,800,000 | 1,804,430 |
Regency Centers LP | ||
2.95%, 09/15/29 (a) | 1,340,000 | 1,202,064 |
3.70%, 06/15/30 (a) | 1,965,000 | 1,831,725 |
Rexford Industrial Realty LP | ||
2.13%, 12/01/30 (a) | 1,190,000 | 977,321 |
2.15%, 09/01/31 (a) | 1,365,000 | 1,096,922 |
Sabra Health Care LP | ||
3.90%, 10/15/29 (a) | 1,145,000 | 1,038,649 |
3.20%, 12/01/31 (a) | 2,575,000 | 2,113,729 |
Safehold GL Holdings LLC | ||
2.80%, 06/15/31 (a) | 1,250,000 | 1,035,369 |
2.85%, 01/15/32 (a) | 1,155,000 | 948,869 |
Simon Property Group LP | ||
2.45%, 09/13/29 (a) | 4,030,000 | 3,592,512 |
2.65%, 07/15/30 (a) | 2,385,000 | 2,115,558 |
2.20%, 02/01/31 (a) | 2,380,000 | 1,997,681 |
2.25%, 01/15/32 (a) | 2,150,000 | 1,789,139 |
2.65%, 02/01/32 (a) | 2,125,000 | 1,818,957 |
5.50%, 03/08/33 (a) | 2,165,000 | 2,246,010 |
Spirit Realty LP | ||
4.00%, 07/15/29 (a) | 1,160,000 | 1,102,462 |
3.40%, 01/15/30 (a) | 1,630,000 | 1,487,206 |
3.20%, 02/15/31 (a) | 1,405,000 | 1,242,836 |
2.70%, 02/15/32 (a) | 1,200,000 | 1,008,472 |
STORE Capital Corp. | ||
4.63%, 03/15/29 (a) | 1,065,000 | 980,030 |
2.75%, 11/18/30 (a) | 1,085,000 | 855,569 |
2.70%, 12/01/31 (a) | 1,280,000 | 979,258 |
Sun Communities Operating LP | ||
2.70%, 07/15/31 (a) | 2,290,000 | 1,912,424 |
4.20%, 04/15/32 (a) | 2,095,000 | 1,915,029 |
5.70%, 01/15/33 (a) | 1,175,000 | 1,196,913 |
Tanger Properties LP | ||
2.75%, 09/01/31 (a) | 1,200,000 | 967,436 |
UDR, Inc. | ||
4.40%, 01/26/29 (a) | 925,000 | 895,545 |
3.20%, 01/15/30 (a) | 1,950,000 | 1,776,796 |
3.00%, 08/15/31 (a) | 1,850,000 | 1,638,771 |
2.10%, 08/01/32 (a) | 1,450,000 | 1,141,948 |
1.90%, 03/15/33 (a) | 1,350,000 | 1,036,468 |
2.10%, 06/15/33 (a) | 670,000 | 517,081 |
Ventas Realty LP | ||
4.40%, 01/15/29 (a) | 2,580,000 | 2,511,776 |
3.00%, 01/15/30 (a) | 1,935,000 | 1,714,308 |
4.75%, 11/15/30 (a) | 1,580,000 | 1,541,232 |
2.50%, 09/01/31 (a) | 1,525,000 | 1,260,084 |
Welltower OP LLC | ||
2.05%, 01/15/29 (a) | 1,445,000 | 1,272,936 |
4.13%, 03/15/29 (a) | 1,890,000 | 1,825,043 |
3.10%, 01/15/30 (a) | 2,450,000 | 2,214,160 |
2.75%, 01/15/31 (a) | 1,925,000 | 1,676,691 |
2.80%, 06/01/31 (a) | 2,290,000 | 2,002,187 |
2.75%, 01/15/32 (a) | 1,825,000 | 1,555,588 |
3.85%, 06/15/32 (a) | 1,605,000 | 1,486,655 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
WP Carey, Inc. | ||
3.85%, 07/15/29 (a) | 1,156,000 | 1,086,125 |
2.40%, 02/01/31 (a) | 1,750,000 | 1,481,537 |
2.45%, 02/01/32 (a) | 1,165,000 | 948,966 |
2.25%, 04/01/33 (a) | 1,265,000 | 990,285 |
258,292,334 | ||
2,070,826,085 | ||
Industrial 55.0% | ||
Basic Industry 2.9% | ||
Air Products & Chemicals, Inc. | ||
2.05%, 05/15/30 (a) | 2,650,000 | 2,317,926 |
4.80%, 03/03/33 (a) | 2,050,000 | 2,120,529 |
Albemarle Corp. | ||
5.05%, 06/01/32 (a) | 1,960,000 | 1,914,853 |
AngloGold Ashanti Holdings PLC | ||
3.75%, 10/01/30 (a) | 2,264,000 | 1,972,571 |
ArcelorMittal SA | ||
4.25%, 07/16/29 (c) | 1,455,000 | 1,420,504 |
6.80%, 11/29/32 (a) | 3,300,000 | 3,573,026 |
BHP Billiton Finance USA Ltd. | ||
5.25%, 09/08/30 (a) | 2,850,000 | 2,954,563 |
4.90%, 02/28/33 (a) | 2,425,000 | 2,482,417 |
5.25%, 09/08/33 (a) | 4,725,000 | 4,908,369 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 850,000 | 809,875 |
5.00%, 06/30/32 (a) | 1,405,000 | 1,390,975 |
Celanese U.S. Holdings LLC | ||
6.33%, 07/15/29 (a) | 2,330,000 | 2,446,873 |
6.55%, 11/15/30 (a) | 3,165,000 | 3,353,251 |
6.38%, 07/15/32 (a) | 3,200,000 | 3,389,447 |
6.70%, 11/15/33 (a) | 3,350,000 | 3,644,288 |
Dow Chemical Co. | ||
7.38%, 11/01/29 | 2,622,000 | 2,964,071 |
2.10%, 11/15/30 (a) | 2,995,000 | 2,565,683 |
6.30%, 03/15/33 (a)(c) | 1,740,000 | 1,921,744 |
Eastman Chemical Co. | ||
5.75%, 03/08/33 (a) | 1,555,000 | 1,616,322 |
Ecolab, Inc. | ||
4.80%, 03/24/30 (a) | 2,160,000 | 2,221,813 |
1.30%, 01/30/31 (a) | 1,780,000 | 1,456,444 |
2.13%, 02/01/32 (a) | 2,170,000 | 1,852,331 |
EIDP, Inc. | ||
2.30%, 07/15/30 (a) | 1,553,000 | 1,364,233 |
4.80%, 05/15/33 (a) | 2,025,000 | 2,052,684 |
FMC Corp. | ||
3.45%, 10/01/29 (a) | 1,670,000 | 1,526,578 |
5.65%, 05/18/33 (a) | 1,575,000 | 1,565,981 |
Freeport-McMoRan, Inc. | ||
5.25%, 09/01/29 (a) | 1,494,000 | 1,515,194 |
4.25%, 03/01/30 (a) | 1,445,000 | 1,358,400 |
4.63%, 08/01/30 (a) | 1,930,000 | 1,887,707 |
Georgia-Pacific LLC | ||
7.75%, 11/15/29 | 1,675,000 | 1,937,717 |
8.88%, 05/15/31 | 1,250,000 | 1,565,085 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 2,425,000 | 2,344,150 |
2.95%, 06/15/31 (a) | 1,375,000 | 1,172,659 |
Kinross Gold Corp. | ||
6.25%, 07/15/33 (a)(e) | 1,575,000 | 1,653,402 |
Linde, Inc. | ||
1.10%, 08/10/30 (a) | 2,200,000 | 1,826,767 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 1,585,000 | 1,360,568 |
5.63%, 05/15/33 (a) | 1,600,000 | 1,674,801 |
Mosaic Co. | ||
5.45%, 11/15/33 (a) | 1,600,000 | 1,633,814 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 1,335,000 | 1,125,218 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 2,150,000 | 1,967,372 |
2.25%, 10/01/30 (a) | 3,125,000 | 2,703,993 |
2.60%, 07/15/32 (a) | 3,250,000 | 2,782,543 |
Nucor Corp. | ||
2.70%, 06/01/30 (a) | 1,465,000 | 1,328,324 |
3.13%, 04/01/32 (a) | 1,750,000 | 1,577,080 |
Nutrien Ltd. | ||
4.20%, 04/01/29 (a) | 2,400,000 | 2,363,207 |
2.95%, 05/13/30 (a) | 1,575,000 | 1,426,298 |
Packaging Corp. of America | ||
3.00%, 12/15/29 (a) | 1,700,000 | 1,541,605 |
5.70%, 12/01/33 (a) | 1,100,000 | 1,158,840 |
PPG Industries, Inc. | ||
2.80%, 08/15/29 (a) | 975,000 | 887,701 |
2.55%, 06/15/30 (a) | 900,000 | 784,849 |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 1,420,000 | 1,189,360 |
Reliance Steel & Aluminum Co. | ||
2.15%, 08/15/30 (a) | 1,625,000 | 1,380,395 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 1,350,000 | 1,545,860 |
6.13%, 12/15/33 | 2,550,000 | 2,797,040 |
Rio Tinto Finance USA PLC | ||
5.00%, 03/09/33 (a) | 1,895,000 | 1,967,114 |
Rohm & Haas Co. | ||
7.85%, 07/15/29 | 1,725,000 | 1,946,049 |
RPM International, Inc. | ||
4.55%, 03/01/29 (a) | 1,125,000 | 1,110,472 |
2.95%, 01/15/32 (a) | 850,000 | 719,275 |
Sherwin-Williams Co. | ||
2.95%, 08/15/29 (a) | 2,535,000 | 2,349,634 |
2.30%, 05/15/30 (a) | 1,550,000 | 1,352,146 |
2.20%, 03/15/32 (a) | 1,675,000 | 1,395,664 |
Steel Dynamics, Inc. | ||
3.45%, 04/15/30 (a) | 1,945,000 | 1,796,889 |
3.25%, 01/15/31 (a) | 1,555,000 | 1,411,922 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 5,550,000 | 5,674,152 |
5.00%, 01/15/30 (a) | 2,905,000 | 2,805,987 |
3.75%, 01/15/31 (a) | 3,900,000 | 3,430,390 |
3.13%, 01/15/32 (a) | 3,135,000 | 2,599,416 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 1,785,000 | 1,662,996 |
Vale Overseas Ltd. | ||
3.75%, 07/08/30 (a) | 4,765,000 | 4,380,110 |
6.13%, 06/12/33 (a) | 4,760,000 | 4,934,830 |
Westlake Corp. | ||
3.38%, 06/15/30 (a) | 925,000 | 839,183 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 1,350,000 | 1,557,280 |
7.95%, 02/15/31 | 1,000,000 | 1,166,088 |
Weyerhaeuser Co. | ||
4.00%, 11/15/29 (a) | 2,475,000 | 2,369,903 |
4.00%, 04/15/30 (a) | 2,385,000 | 2,277,862 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.38%, 03/15/32 | 2,090,000 | 2,431,644 |
3.38%, 03/09/33 (a) | 1,485,000 | 1,320,778 |
WRKCo, Inc. | ||
4.90%, 03/15/29 (a) | 2,400,000 | 2,413,757 |
4.20%, 06/01/32 (a) | 1,575,000 | 1,512,407 |
3.00%, 06/15/33 (a) | 1,935,000 | 1,670,608 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(e) | 1,605,000 | 1,359,247 |
164,753,103 | ||
Capital Goods 5.3% | ||
3M Co. | ||
3.38%, 03/01/29 (a)(c) | 2,565,000 | 2,403,954 |
2.38%, 08/26/29 (a) | 3,171,000 | 2,808,564 |
3.05%, 04/15/30 (a) | 1,875,000 | 1,694,165 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 1,600,000 | 1,330,669 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 1,340,000 | 1,241,250 |
Allegion U.S. Holding Co., Inc. | ||
5.41%, 07/01/32 (a) | 1,950,000 | 2,008,311 |
Amcor Finance USA, Inc. | ||
5.63%, 05/26/33 (a) | 1,650,000 | 1,718,558 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 1,615,000 | 1,401,298 |
2.69%, 05/25/31 (a) | 2,380,000 | 2,059,794 |
Amphenol Corp. | ||
4.35%, 06/01/29 (a) | 1,625,000 | 1,619,948 |
2.80%, 02/15/30 (a) | 2,875,000 | 2,621,271 |
2.20%, 09/15/31 (a) | 2,225,000 | 1,874,335 |
AptarGroup, Inc. | ||
3.60%, 03/15/32 (a) | 1,350,000 | 1,220,171 |
Avery Dennison Corp. | ||
2.65%, 04/30/30 (a) | 1,845,000 | 1,634,195 |
2.25%, 02/15/32 (a) | 1,270,000 | 1,051,300 |
5.75%, 03/15/33 (a) | 1,255,000 | 1,329,617 |
Boeing Co. | ||
3.20%, 03/01/29 (a) | 3,420,000 | 3,202,977 |
2.95%, 02/01/30 (a) | 2,360,000 | 2,132,520 |
5.15%, 05/01/30 (a) | 13,945,000 | 14,203,598 |
3.63%, 02/01/31 (a) | 4,460,000 | 4,146,881 |
6.13%, 02/15/33 | 1,525,000 | 1,647,282 |
Carlisle Cos., Inc. | ||
2.75%, 03/01/30 (a) | 2,350,000 | 2,087,845 |
2.20%, 03/01/32 (a) | 1,725,000 | 1,405,474 |
Carrier Global Corp. | ||
2.72%, 02/15/30 (a) | 6,450,000 | 5,776,900 |
2.70%, 02/15/31 (a)(e) | 2,465,000 | 2,154,435 |
Caterpillar, Inc. | ||
2.60%, 09/19/29 (a) | 1,555,000 | 1,432,915 |
2.60%, 04/09/30 (a) | 2,625,000 | 2,390,077 |
1.90%, 03/12/31 (a) | 1,485,000 | 1,279,529 |
CNH Industrial Capital LLC | ||
5.50%, 01/12/29 (a) | 1,600,000 | 1,651,744 |
Deere & Co. | ||
5.38%, 10/16/29 | 1,500,000 | 1,587,327 |
3.10%, 04/15/30 (a) | 2,350,000 | 2,181,722 |
7.13%, 03/03/31 | 950,000 | 1,111,002 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 1,055,000 | 956,721 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 2,450,000 | 2,081,839 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Eaton Corp. | ||
4.00%, 11/02/32 | 2,150,000 | 2,084,796 |
4.15%, 03/15/33 (a) | 4,140,000 | 4,055,863 |
Emerson Electric Co. | ||
1.95%, 10/15/30 (a) | 1,475,000 | 1,272,265 |
2.20%, 12/21/31 (a) | 3,440,000 | 2,946,962 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 1,630,000 | 1,450,135 |
2.80%, 01/15/32 (a) | 1,575,000 | 1,306,913 |
Fortune Brands Innovations, Inc. | ||
3.25%, 09/15/29 (a) | 2,075,000 | 1,919,985 |
4.00%, 03/25/32 (a) | 1,425,000 | 1,330,838 |
5.88%, 06/01/33 (a) | 2,085,000 | 2,183,830 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 1,560,000 | 1,531,299 |
General Dynamics Corp. | ||
3.63%, 04/01/30 (a) | 3,125,000 | 3,005,826 |
2.25%, 06/01/31 (a) | 1,610,000 | 1,402,550 |
General Electric Co. | ||
6.75%, 03/15/32 | 4,230,000 | 4,822,765 |
HEICO Corp. | ||
5.35%, 08/01/33 (a) | 1,900,000 | 1,948,936 |
Honeywell International, Inc. | ||
4.25%, 01/15/29 (a) | 1,760,000 | 1,764,947 |
2.70%, 08/15/29 (a) | 2,615,000 | 2,419,981 |
1.95%, 06/01/30 (a) | 3,200,000 | 2,781,718 |
1.75%, 09/01/31 (a) | 4,775,000 | 3,988,557 |
5.00%, 02/15/33 (a) | 3,650,000 | 3,824,416 |
Howmet Aerospace, Inc. | ||
3.00%, 01/15/29 (a) | 2,200,000 | 2,010,835 |
Hubbell, Inc. | ||
2.30%, 03/15/31 (a) | 950,000 | 800,188 |
Huntington Ingalls Industries, Inc. | ||
4.20%, 05/01/30 (a) | 1,543,000 | 1,469,159 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 1,550,000 | 1,383,711 |
2.63%, 06/15/31 (a) | 1,655,000 | 1,413,260 |
Ingersoll Rand, Inc. | ||
5.70%, 08/14/33 (a) | 3,125,000 | 3,310,291 |
John Deere Capital Corp. | ||
3.45%, 03/07/29 | 2,020,000 | 1,939,157 |
3.35%, 04/18/29 | 2,100,000 | 2,014,467 |
2.80%, 07/18/29 | 2,055,000 | 1,906,561 |
4.85%, 10/11/29 | 650,000 | 669,723 |
2.45%, 01/09/30 | 1,730,000 | 1,561,788 |
4.70%, 06/10/30 | 2,810,000 | 2,856,780 |
1.45%, 01/15/31 | 2,000,000 | 1,647,946 |
2.00%, 06/17/31 | 2,080,000 | 1,767,331 |
3.90%, 06/07/32 | 1,706,000 | 1,647,559 |
4.35%, 09/15/32 | 1,950,000 | 1,945,690 |
5.15%, 09/08/33 | 3,300,000 | 3,476,943 |
Johnson Controls International PLC/Tyco Fire & Security Finance SCA | ||
1.75%, 09/15/30 (a) | 2,130,000 | 1,771,511 |
2.00%, 09/16/31 (a) | 1,690,000 | 1,411,346 |
4.90%, 12/01/32 (a) | 1,275,000 | 1,289,598 |
Kennametal, Inc. | ||
2.80%, 03/01/31 (a) | 875,000 | 738,705 |
L3Harris Technologies, Inc. | ||
2.90%, 12/15/29 (a) | 1,500,000 | 1,358,703 |
1.80%, 01/15/31 (a) | 1,800,000 | 1,483,698 |
5.40%, 07/31/33 (a) | 4,775,000 | 4,973,307 |
Leggett & Platt, Inc. | ||
4.40%, 03/15/29 (a) | 1,575,000 | 1,530,501 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lockheed Martin Corp. | ||
1.85%, 06/15/30 (a) | 1,250,000 | 1,075,107 |
3.90%, 06/15/32 (a) | 2,695,000 | 2,603,283 |
5.25%, 01/15/33 (a) | 3,125,000 | 3,318,575 |
Martin Marietta Materials, Inc. | ||
2.50%, 03/15/30 (a) | 1,635,000 | 1,443,549 |
2.40%, 07/15/31 (a) | 2,755,000 | 2,349,709 |
Masco Corp. | ||
2.00%, 10/01/30 (a) | 995,000 | 822,910 |
2.00%, 02/15/31 (a) | 1,920,000 | 1,584,593 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a)(c) | 1,565,000 | 1,450,736 |
Nordson Corp. | ||
5.80%, 09/15/33 (a) | 1,500,000 | 1,595,568 |
Northrop Grumman Corp. | ||
4.40%, 05/01/30 (a) | 2,328,000 | 2,315,852 |
4.70%, 03/15/33 (a) | 3,220,000 | 3,252,264 |
nVent Finance SARL | ||
2.75%, 11/15/31 (a) | 750,000 | 617,688 |
5.65%, 05/15/33 (a) | 1,600,000 | 1,629,241 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 1,025,000 | 923,816 |
Otis Worldwide Corp. | ||
2.57%, 02/15/30 (a) | 4,725,000 | 4,208,339 |
Owens Corning | ||
3.95%, 08/15/29 (a) | 1,425,000 | 1,360,023 |
3.88%, 06/01/30 (a) | 985,000 | 927,014 |
Parker-Hannifin Corp. | ||
3.25%, 06/14/29 (a) | 3,300,000 | 3,109,075 |
4.50%, 09/15/29 (a) | 3,135,000 | 3,147,603 |
Pentair Finance SARL | ||
4.50%, 07/01/29 (a) | 1,250,000 | 1,206,415 |
5.90%, 07/15/32 (a) | 1,285,000 | 1,337,476 |
Regal Rexnord Corp. | ||
6.30%, 02/15/30 (a)(e) | 3,440,000 | 3,543,892 |
6.40%, 04/15/33 (a)(e) | 4,000,000 | 4,183,761 |
Republic Services, Inc. | ||
4.88%, 04/01/29 (a) | 2,450,000 | 2,499,494 |
2.30%, 03/01/30 (a) | 1,825,000 | 1,609,754 |
1.45%, 02/15/31 (a) | 2,125,000 | 1,729,390 |
1.75%, 02/15/32 (a) | 2,460,000 | 2,006,770 |
2.38%, 03/15/33 (a) | 2,220,000 | 1,858,819 |
5.00%, 12/15/33 (a) | 2,000,000 | 2,043,364 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 1,342,000 | 1,301,964 |
1.75%, 08/15/31 (a) | 1,350,000 | 1,116,566 |
RTX Corp. | ||
5.75%, 01/15/29 (a) | 1,625,000 | 1,700,789 |
7.50%, 09/15/29 | 1,375,000 | 1,554,253 |
2.25%, 07/01/30 (a) | 3,045,000 | 2,632,387 |
6.00%, 03/15/31 (a) | 3,225,000 | 3,437,459 |
1.90%, 09/01/31 (a) | 3,195,000 | 2,602,154 |
2.38%, 03/15/32 (a) | 3,100,000 | 2,584,365 |
5.15%, 02/27/33 (a) | 3,970,000 | 4,049,498 |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 1,910,000 | 1,729,440 |
2.85%, 02/01/32 (a) | 1,600,000 | 1,367,404 |
Stanley Black & Decker, Inc. | ||
2.30%, 03/15/30 (a) | 2,350,000 | 2,000,671 |
3.00%, 05/15/32 (a) | 1,630,000 | 1,411,925 |
Teledyne Technologies, Inc. | ||
2.75%, 04/01/31 (a) | 3,210,000 | 2,798,765 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Textron, Inc. | ||
3.90%, 09/17/29 (a) | 1,140,000 | 1,087,089 |
3.00%, 06/01/30 (a) | 2,125,000 | 1,904,573 |
2.45%, 03/15/31 (a) | 1,475,000 | 1,257,204 |
6.10%, 11/15/33 (a) | 1,145,000 | 1,224,736 |
Timken Co. | ||
4.13%, 04/01/32 (a) | 1,075,000 | 991,663 |
Trane Technologies Financing Ltd. | ||
3.80%, 03/21/29 (a) | 2,770,000 | 2,686,570 |
5.25%, 03/03/33 (a) | 1,960,000 | 2,032,874 |
Veralto Corp. | ||
5.45%, 09/18/33 (a)(e) | 2,200,000 | 2,283,763 |
Vontier Corp. | ||
2.95%, 04/01/31 (a) | 1,900,000 | 1,600,686 |
Vulcan Materials Co. | ||
3.50%, 06/01/30 (a) | 2,450,000 | 2,282,316 |
Waste Connections, Inc. | ||
3.50%, 05/01/29 (a) | 2,000,000 | 1,915,544 |
2.60%, 02/01/30 (a) | 1,836,000 | 1,650,921 |
2.20%, 01/15/32 (a) | 2,075,000 | 1,734,461 |
3.20%, 06/01/32 (a) | 1,575,000 | 1,416,697 |
4.20%, 01/15/33 (a) | 2,300,000 | 2,236,648 |
Waste Management, Inc. | ||
4.88%, 02/15/29 (a) | 2,400,000 | 2,456,864 |
2.00%, 06/01/29 (a) | 1,525,000 | 1,359,054 |
4.63%, 02/15/30 (a) | 2,410,000 | 2,439,797 |
1.50%, 03/15/31 (a) | 3,210,000 | 2,625,201 |
4.15%, 04/15/32 (a) | 3,191,000 | 3,119,643 |
4.63%, 02/15/33 (a) | 1,550,000 | 1,556,743 |
Xylem, Inc. | ||
2.25%, 01/30/31 (a) | 1,700,000 | 1,458,338 |
303,232,633 | ||
Communications 8.2% | ||
America Movil SAB de CV | ||
3.63%, 04/22/29 (a) | 3,180,000 | 3,009,362 |
2.88%, 05/07/30 (a) | 2,990,000 | 2,666,667 |
4.70%, 07/21/32 (a) | 2,420,000 | 2,375,368 |
American Tower Corp. | ||
3.95%, 03/15/29 (a) | 2,010,000 | 1,922,573 |
3.80%, 08/15/29 (a) | 5,380,000 | 5,109,206 |
2.90%, 01/15/30 (a) | 2,170,000 | 1,940,358 |
2.10%, 06/15/30 (a) | 2,575,000 | 2,162,752 |
1.88%, 10/15/30 (a) | 2,510,000 | 2,060,204 |
2.70%, 04/15/31 (a) | 2,450,000 | 2,108,930 |
2.30%, 09/15/31 (a) | 2,375,000 | 1,968,514 |
4.05%, 03/15/32 (a) | 1,850,000 | 1,736,372 |
5.65%, 03/15/33 (a) | 2,950,000 | 3,069,307 |
5.55%, 07/15/33 (a) | 2,725,000 | 2,826,796 |
5.90%, 11/15/33 (a) | 1,800,000 | 1,911,457 |
AT&T, Inc. | ||
4.35%, 03/01/29 (a) | 9,525,000 | 9,408,192 |
4.30%, 02/15/30 (a) | 10,110,000 | 9,900,346 |
2.75%, 06/01/31 (a) | 9,450,000 | 8,286,659 |
2.25%, 02/01/32 (a) | 8,000,000 | 6,621,500 |
2.55%, 12/01/33 (a) | 12,000,000 | 9,799,081 |
Bell Telephone Co. of Canada or Bell Canada | ||
2.15%, 02/15/32 (a) | 1,755,000 | 1,456,949 |
5.10%, 05/11/33 (a) | 2,700,000 | 2,770,087 |
British Telecommunications PLC | ||
9.63%, 12/15/30 (f) | 8,750,000 | 10,842,586 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
2.25%, 01/15/29 (a) | 3,975,000 | 3,455,312 |
5.05%, 03/30/29 (a) | 4,095,000 | 4,057,887 |
2.80%, 04/01/31 (a) | 5,050,000 | 4,267,616 |
2.30%, 02/01/32 (a) | 3,145,000 | 2,505,793 |
4.40%, 04/01/33 (a)(c) | 3,200,000 | 2,964,721 |
Comcast Corp. | ||
4.55%, 01/15/29 (a) | 3,125,000 | 3,142,927 |
2.65%, 02/01/30 (a) | 4,935,000 | 4,442,333 |
3.40%, 04/01/30 (a) | 5,000,000 | 4,684,658 |
4.25%, 10/15/30 (a) | 4,840,000 | 4,774,049 |
1.95%, 01/15/31 (a) | 5,050,000 | 4,261,974 |
1.50%, 02/15/31 (a) | 5,475,000 | 4,469,166 |
5.50%, 11/15/32 (a) | 3,350,000 | 3,569,767 |
4.25%, 01/15/33 | 5,435,000 | 5,283,626 |
4.65%, 02/15/33 (a) | 3,090,000 | 3,121,797 |
7.05%, 03/15/33 | 2,425,000 | 2,836,041 |
4.80%, 05/15/33 (a) | 3,130,000 | 3,172,391 |
Crown Castle, Inc. | ||
4.30%, 02/15/29 (a) | 1,880,000 | 1,812,008 |
5.60%, 06/01/29 (a) | 2,550,000 | 2,610,333 |
3.10%, 11/15/29 (a) | 1,725,000 | 1,546,834 |
3.30%, 07/01/30 (a) | 2,350,000 | 2,109,275 |
2.25%, 01/15/31 (a) | 3,440,000 | 2,851,834 |
2.10%, 04/01/31 (a) | 3,225,000 | 2,629,014 |
2.50%, 07/15/31 (a) | 2,400,000 | 2,003,120 |
5.10%, 05/01/33 (a) | 2,350,000 | 2,333,648 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 11,105,000 | 13,395,613 |
9.25%, 06/01/32 | 1,445,000 | 1,877,132 |
Discovery Communications LLC | ||
4.13%, 05/15/29 (a) | 2,350,000 | 2,230,499 |
3.63%, 05/15/30 (a) | 3,190,000 | 2,897,164 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 2,495,000 | 2,084,601 |
Fox Corp. | ||
4.71%, 01/25/29 (a) | 6,290,000 | 6,262,067 |
3.50%, 04/08/30 (a) | 1,921,000 | 1,773,555 |
6.50%, 10/13/33 (a) | 4,110,000 | 4,452,522 |
Grupo Televisa SAB | ||
8.50%, 03/11/32 | 870,000 | 1,022,109 |
Interpublic Group of Cos., Inc. | ||
4.75%, 03/30/30 (a) | 2,075,000 | 2,045,156 |
2.40%, 03/01/31 (a) | 1,600,000 | 1,357,146 |
5.38%, 06/15/33 (a) | 900,000 | 917,050 |
Koninklijke KPN NV | ||
8.38%, 10/01/30 | 1,750,000 | 2,064,147 |
Meta Platforms, Inc. | ||
4.80%, 05/15/30 (a) | 3,375,000 | 3,460,531 |
3.85%, 08/15/32 (a) | 9,390,000 | 8,936,748 |
4.95%, 05/15/33 (a) | 5,560,000 | 5,743,189 |
Netflix, Inc. | ||
6.38%, 05/15/29 | 2,575,000 | 2,806,520 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 1,880,000 | 1,635,899 |
4.20%, 06/01/30 (a) | 1,925,000 | 1,867,457 |
2.60%, 08/01/31 (a) | 2,590,000 | 2,227,020 |
Orange SA | ||
9.00%, 03/01/31 | 7,950,000 | 9,831,090 |
Paramount Global | ||
4.20%, 06/01/29 (a) | 1,685,000 | 1,579,361 |
7.88%, 07/30/30 | 2,770,000 | 3,003,638 |
4.95%, 01/15/31 (a) | 4,075,000 | 3,871,918 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 05/19/32 (a) | 3,350,000 | 2,997,198 |
5.50%, 05/15/33 | 1,200,000 | 1,139,760 |
Rogers Communications, Inc. | ||
3.80%, 03/15/32 (a) | 6,225,000 | 5,739,246 |
Sprint Capital Corp. | ||
8.75%, 03/15/32 | 6,490,000 | 8,010,511 |
Take-Two Interactive Software, Inc. | ||
4.00%, 04/14/32 (a) | 1,485,000 | 1,414,456 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 4,000,000 | 4,693,640 |
TELUS Corp. | ||
3.40%, 05/13/32 (a) | 2,930,000 | 2,614,270 |
Time Warner Cable Enterprises LLC | ||
8.38%, 07/15/33 | 3,200,000 | 3,723,957 |
T-Mobile USA, Inc. | ||
2.63%, 02/15/29 (a) | 3,250,000 | 2,930,489 |
2.40%, 03/15/29 (a) | 1,675,000 | 1,503,200 |
3.38%, 04/15/29 (a) | 7,500,000 | 6,973,166 |
3.88%, 04/15/30 (a) | 22,150,000 | 21,034,110 |
2.55%, 02/15/31 (a) | 8,040,000 | 6,924,017 |
2.88%, 02/15/31 (a) | 3,365,000 | 2,964,211 |
3.50%, 04/15/31 (a) | 7,775,000 | 7,119,288 |
2.25%, 11/15/31 (a) | 3,305,000 | 2,752,711 |
2.70%, 03/15/32 (a) | 2,890,000 | 2,467,542 |
5.20%, 01/15/33 (a) | 3,750,000 | 3,844,936 |
5.05%, 07/15/33 (a) | 8,445,000 | 8,521,344 |
TWDC Enterprises 18 Corp. | ||
7.00%, 03/01/32 | 1,525,000 | 1,786,475 |
Verizon Communications, Inc. | ||
3.88%, 02/08/29 (a) | 3,280,000 | 3,181,978 |
4.02%, 12/03/29 (a) | 12,440,000 | 12,044,481 |
3.15%, 03/22/30 (a) | 4,850,000 | 4,438,933 |
1.50%, 09/18/30 (a) | 3,175,000 | 2,619,505 |
1.68%, 10/30/30 (a) | 3,450,000 | 2,843,902 |
7.75%, 12/01/30 | 1,900,000 | 2,229,303 |
1.75%, 01/20/31 (a) | 7,125,000 | 5,865,621 |
2.55%, 03/21/31 (a) | 11,875,000 | 10,246,606 |
2.36%, 03/15/32 (a) | 14,775,000 | 12,306,885 |
5.05%, 05/09/33 (a) | 3,125,000 | 3,192,349 |
4.50%, 08/10/33 | 6,800,000 | 6,639,090 |
6.40%, 09/15/33 | 1,230,000 | 1,373,100 |
Vodafone Group PLC | ||
7.88%, 02/15/30 | 2,400,000 | 2,754,761 |
6.25%, 11/30/32 | 1,500,000 | 1,637,116 |
Walt Disney Co. | ||
2.00%, 09/01/29 (a) | 6,225,000 | 5,533,107 |
3.80%, 03/22/30 | 3,970,000 | 3,858,622 |
2.65%, 01/13/31 | 8,000,000 | 7,125,951 |
6.55%, 03/15/33 | 1,145,000 | 1,327,366 |
Warnermedia Holdings, Inc. | ||
4.05%, 03/15/29 (a) | 4,665,000 | 4,426,418 |
4.28%, 03/15/32 (a) | 15,880,000 | 14,532,202 |
Weibo Corp. | ||
3.38%, 07/08/30 (a) | 2,400,000 | 2,067,032 |
469,600,377 | ||
Consumer Cyclical 7.6% | ||
Alibaba Group Holding Ltd. | ||
2.13%, 02/09/31 (a) | 4,650,000 | 3,854,950 |
Amazon.com, Inc. | ||
3.45%, 04/13/29 (a) | 4,795,000 | 4,648,438 |
4.65%, 12/01/29 (a) | 4,650,000 | 4,775,728 |
1.50%, 06/03/30 (a) | 6,375,000 | 5,404,509 |
2.10%, 05/12/31 (a) | 9,590,000 | 8,276,464 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.60%, 04/13/32 (a) | 8,050,000 | 7,668,558 |
4.70%, 12/01/32 (a) | 7,375,000 | 7,581,369 |
American Honda Finance Corp. | ||
2.25%, 01/12/29 | 1,925,000 | 1,738,882 |
4.60%, 04/17/30 | 2,450,000 | 2,452,705 |
5.85%, 10/04/30 | 1,550,000 | 1,656,600 |
1.80%, 01/13/31 | 2,300,000 | 1,947,616 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 950,000 | 927,719 |
Aptiv PLC/Aptiv Corp. | ||
3.25%, 03/01/32 (a) | 2,525,000 | 2,232,902 |
AutoNation, Inc. | ||
4.75%, 06/01/30 (a) | 1,575,000 | 1,521,984 |
2.40%, 08/01/31 (a) | 1,455,000 | 1,173,567 |
3.85%, 03/01/32 (a) | 2,220,000 | 1,979,758 |
AutoZone, Inc. | ||
3.75%, 04/18/29 (a) | 1,525,000 | 1,459,144 |
4.00%, 04/15/30 (a) | 2,250,000 | 2,165,598 |
1.65%, 01/15/31 (a) | 1,675,000 | 1,363,142 |
4.75%, 08/01/32 (a) | 2,400,000 | 2,380,533 |
4.75%, 02/01/33 (a) | 1,700,000 | 1,677,916 |
5.20%, 08/01/33 (a) | 1,000,000 | 1,018,407 |
6.55%, 11/01/33 (a) | 1,700,000 | 1,891,112 |
Best Buy Co., Inc. | ||
1.95%, 10/01/30 (a) | 2,125,000 | 1,767,219 |
Block Financial LLC | ||
3.88%, 08/15/30 (a) | 2,100,000 | 1,924,054 |
Booking Holdings, Inc. | ||
4.63%, 04/13/30 (a) | 4,805,000 | 4,846,088 |
CBRE Services, Inc. | ||
2.50%, 04/01/31 (a) | 1,610,000 | 1,363,183 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 1,255,000 | 1,116,643 |
3.70%, 01/15/31 (a) | 1,450,000 | 1,255,113 |
Costco Wholesale Corp. | ||
1.60%, 04/20/30 (a) | 5,625,000 | 4,823,786 |
1.75%, 04/20/32 (a) | 3,140,000 | 2,615,392 |
Cummins, Inc. | ||
1.50%, 09/01/30 (a) | 2,765,000 | 2,308,924 |
Darden Restaurants, Inc. | ||
6.30%, 10/10/33 (a) | 1,605,000 | 1,726,685 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 2,450,000 | 2,088,821 |
Dollar General Corp. | ||
3.50%, 04/03/30 (a) | 3,225,000 | 2,974,026 |
5.00%, 11/01/32 (a)(c) | 2,145,000 | 2,142,898 |
5.45%, 07/05/33 (a)(c) | 3,180,000 | 3,244,075 |
Dollar Tree, Inc. | ||
2.65%, 12/01/31 (a) | 2,550,000 | 2,166,930 |
eBay, Inc. | ||
2.70%, 03/11/30 (a) | 3,075,000 | 2,741,717 |
2.60%, 05/10/31 (a) | 2,575,000 | 2,246,996 |
6.30%, 11/22/32 (a) | 1,250,000 | 1,377,794 |
Expedia Group, Inc. | ||
3.25%, 02/15/30 (a) | 3,725,000 | 3,419,540 |
2.95%, 03/15/31 (a) | 1,730,000 | 1,530,810 |
Ford Motor Co. | ||
9.63%, 04/22/30 (a) | 1,500,000 | 1,768,159 |
7.45%, 07/16/31 | 2,800,000 | 3,053,848 |
3.25%, 02/12/32 (a) | 8,000,000 | 6,659,865 |
6.10%, 08/19/32 (a)(c) | 5,700,000 | 5,756,223 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ford Motor Credit Co. LLC | ||
2.90%, 02/10/29 (a) | 2,500,000 | 2,192,201 |
5.11%, 05/03/29 (a) | 4,600,000 | 4,480,204 |
7.35%, 03/06/30 (a) | 3,800,000 | 4,082,460 |
7.20%, 06/10/30 (a) | 3,000,000 | 3,200,038 |
4.00%, 11/13/30 (a) | 5,000,000 | 4,486,809 |
3.63%, 06/17/31 (a) | 3,500,000 | 3,022,258 |
7.12%, 11/07/33 (a) | 4,000,000 | 4,312,784 |
General Motors Co. | ||
5.40%, 10/15/29 (a) | 3,150,000 | 3,207,218 |
5.60%, 10/15/32 (a)(c) | 3,925,000 | 4,015,595 |
General Motors Financial Co., Inc. | ||
5.80%, 01/07/29 (a) | 5,000,000 | 5,123,850 |
5.65%, 01/17/29 (a) | 1,500,000 | 1,536,399 |
4.30%, 04/06/29 (a) | 3,555,000 | 3,430,914 |
5.85%, 04/06/30 (a) | 3,200,000 | 3,303,631 |
3.60%, 06/21/30 (a) | 3,250,000 | 2,956,663 |
2.35%, 01/08/31 (a) | 3,150,000 | 2,606,613 |
2.70%, 06/10/31 (a) | 3,565,000 | 2,991,899 |
3.10%, 01/12/32 (a) | 3,985,000 | 3,397,867 |
6.40%, 01/09/33 (a) | 3,025,000 | 3,223,002 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 1,750,000 | 1,420,310 |
2.75%, 02/01/32 (a) | 1,625,000 | 1,360,384 |
6.88%, 11/01/33 (a) | 1,200,000 | 1,334,377 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.30%, 01/15/29 (a) | 2,500,000 | 2,490,290 |
4.00%, 01/15/30 (a) | 2,185,000 | 1,995,351 |
4.00%, 01/15/31 (a) | 2,075,000 | 1,870,584 |
3.25%, 01/15/32 (a) | 2,527,000 | 2,145,147 |
6.75%, 12/01/33 (a) | 1,400,000 | 1,511,722 |
Home Depot, Inc. | ||
4.90%, 04/15/29 (a) | 2,300,000 | 2,365,172 |
2.95%, 06/15/29 (a) | 5,669,000 | 5,338,108 |
2.70%, 04/15/30 (a) | 4,585,000 | 4,195,964 |
1.38%, 03/15/31 (a) | 4,075,000 | 3,333,855 |
1.88%, 09/15/31 (a) | 3,400,000 | 2,847,565 |
3.25%, 04/15/32 (a) | 3,940,000 | 3,644,427 |
4.50%, 09/15/32 (a) | 3,950,000 | 4,031,467 |
Honda Motor Co. Ltd. | ||
2.97%, 03/10/32 (a) | 2,000,000 | 1,830,263 |
Hyatt Hotels Corp. | ||
5.75%, 04/23/30 (a) | 1,400,000 | 1,453,865 |
JD.com, Inc. | ||
3.38%, 01/14/30 (a) | 2,130,000 | 1,930,278 |
Lear Corp. | ||
4.25%, 05/15/29 (a) | 1,140,000 | 1,097,210 |
3.50%, 05/30/30 (a) | 1,175,000 | 1,053,678 |
2.60%, 01/15/32 (a) | 1,050,000 | 861,342 |
LKQ Corp. | ||
6.25%, 06/15/33 (a) | 1,950,000 | 2,039,502 |
Lowe's Cos., Inc. | ||
6.50%, 03/15/29 | 1,072,000 | 1,164,390 |
3.65%, 04/05/29 (a) | 4,795,000 | 4,625,244 |
4.50%, 04/15/30 (a) | 4,210,000 | 4,190,955 |
1.70%, 10/15/30 (a) | 3,725,000 | 3,099,373 |
2.63%, 04/01/31 (a) | 4,725,000 | 4,145,394 |
3.75%, 04/01/32 (a) | 4,855,000 | 4,541,377 |
5.00%, 04/15/33 (a) | 3,800,000 | 3,883,540 |
5.15%, 07/01/33 (a) | 3,250,000 | 3,342,219 |
Magna International, Inc. | ||
2.45%, 06/15/30 (a) | 2,375,000 | 2,082,200 |
5.50%, 03/21/33 (a) | 1,600,000 | 1,696,897 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marriott International, Inc. | ||
4.90%, 04/15/29 (a) | 2,580,000 | 2,600,681 |
4.63%, 06/15/30 (a) | 3,110,000 | 3,060,499 |
2.85%, 04/15/31 (a) | 3,470,000 | 3,012,426 |
3.50%, 10/15/32 (a) | 3,260,000 | 2,910,290 |
2.75%, 10/15/33 (a) | 2,100,000 | 1,735,950 |
McDonald's Corp. | ||
2.63%, 09/01/29 (a) | 3,175,000 | 2,907,396 |
2.13%, 03/01/30 (a) | 2,325,000 | 2,033,621 |
3.60%, 07/01/30 (a) | 3,265,000 | 3,099,754 |
4.60%, 09/09/32 (a) | 2,375,000 | 2,407,923 |
4.95%, 08/14/33 (a) | 1,910,000 | 1,964,922 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 975,000 | 895,009 |
2.50%, 01/15/31 (a) | 1,120,000 | 921,184 |
Mercedes-Benz Finance North America LLC | ||
8.50%, 01/18/31 | 4,755,000 | 5,967,535 |
NIKE, Inc. | ||
2.85%, 03/27/30 (a) | 4,750,000 | 4,371,349 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 2,875,000 | 2,565,745 |
O'Reilly Automotive, Inc. | ||
3.90%, 06/01/29 (a) | 1,850,000 | 1,787,919 |
4.20%, 04/01/30 (a) | 1,540,000 | 1,487,328 |
1.75%, 03/15/31 (a) | 1,400,000 | 1,143,789 |
4.70%, 06/15/32 (a) | 2,705,000 | 2,678,752 |
PulteGroup, Inc. | ||
7.88%, 06/15/32 | 1,140,000 | 1,342,384 |
6.38%, 05/15/33 | 1,070,000 | 1,172,641 |
Ralph Lauren Corp. | ||
2.95%, 06/15/30 (a) | 2,420,000 | 2,205,218 |
Ross Stores, Inc. | ||
1.88%, 04/15/31 (a) | 1,520,000 | 1,252,450 |
Sands China Ltd. | ||
3.10%, 03/08/29 (a) | 2,050,000 | 1,783,631 |
4.63%, 06/18/30 (a) | 2,300,000 | 2,098,344 |
3.50%, 08/08/31 (a) | 1,870,000 | 1,562,323 |
Starbucks Corp. | ||
3.55%, 08/15/29 (a) | 3,275,000 | 3,160,125 |
2.25%, 03/12/30 (a) | 2,425,000 | 2,130,715 |
2.55%, 11/15/30 (a) | 4,205,000 | 3,720,162 |
3.00%, 02/14/32 (a)(c) | 2,925,000 | 2,624,481 |
4.80%, 02/15/33 (a)(c) | 1,540,000 | 1,573,148 |
Tapestry, Inc. | ||
7.70%, 11/27/30 (a) | 3,150,000 | 3,322,590 |
3.05%, 03/15/32 (a) | 1,630,000 | 1,326,650 |
7.85%, 11/27/33 (a) | 4,050,000 | 4,326,385 |
Target Corp. | ||
3.38%, 04/15/29 (a) | 3,195,000 | 3,077,799 |
2.35%, 02/15/30 (a) | 2,200,000 | 1,968,386 |
2.65%, 09/15/30 (a) | 1,525,000 | 1,369,242 |
4.50%, 09/15/32 (a) | 3,170,000 | 3,204,303 |
6.35%, 11/01/32 | 1,000,000 | 1,132,466 |
4.40%, 01/15/33 (a)(c) | 1,700,000 | 1,717,011 |
TJX Cos., Inc. | ||
3.88%, 04/15/30 (a) | 1,525,000 | 1,475,271 |
1.60%, 05/15/31 (a) | 1,540,000 | 1,279,728 |
Toll Brothers Finance Corp. | ||
3.80%, 11/01/29 (a) | 1,300,000 | 1,219,015 |
Toyota Motor Corp. | ||
2.76%, 07/02/29 | 1,500,000 | 1,407,849 |
2.36%, 03/25/31 (a)(c) | 1,560,000 | 1,372,032 |
5.12%, 07/13/33 (a)(c) | 1,600,000 | 1,729,553 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Toyota Motor Credit Corp. | ||
3.65%, 01/08/29 | 1,475,000 | 1,441,285 |
4.45%, 06/29/29 | 2,625,000 | 2,639,037 |
2.15%, 02/13/30 | 2,650,000 | 2,341,517 |
3.38%, 04/01/30 | 3,100,000 | 2,916,360 |
4.55%, 05/17/30 | 2,300,000 | 2,318,483 |
5.55%, 11/20/30 | 3,500,000 | 3,689,577 |
1.65%, 01/10/31 | 1,780,000 | 1,484,106 |
1.90%, 09/12/31 | 1,500,000 | 1,251,716 |
2.40%, 01/13/32 | 1,165,000 | 1,001,252 |
4.70%, 01/12/33 | 1,700,000 | 1,746,955 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 2,075,000 | 1,702,872 |
5.25%, 05/15/33 (a) | 2,400,000 | 2,464,972 |
VF Corp. | ||
2.95%, 04/23/30 (a) | 2,425,000 | 2,029,768 |
VICI Properties LP | ||
4.95%, 02/15/30 (a) | 3,200,000 | 3,107,451 |
5.13%, 05/15/32 (a) | 4,510,000 | 4,402,127 |
Walmart, Inc. | ||
3.25%, 07/08/29 (a) | 2,475,000 | 2,377,949 |
2.38%, 09/24/29 (a) | 1,040,000 | 948,935 |
7.55%, 02/15/30 | 1,550,000 | 1,833,366 |
4.00%, 04/15/30 (a) | 1,645,000 | 1,642,735 |
1.80%, 09/22/31 (a) | 6,400,000 | 5,431,273 |
4.15%, 09/09/32 (a) | 3,950,000 | 3,952,298 |
4.10%, 04/15/33 (a) | 4,630,000 | 4,581,150 |
436,620,403 | ||
Consumer Non-Cyclical 13.7% | ||
Abbott Laboratories | ||
1.40%, 06/30/30 (a) | 1,995,000 | 1,689,869 |
AbbVie, Inc. | ||
3.20%, 11/21/29 (a) | 17,320,000 | 16,193,092 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 980,000 | 886,917 |
5.43%, 03/01/32 (a) | 1,100,000 | 1,121,958 |
Advocate Health & Hospitals Corp. | ||
2.21%, 06/15/30 (a) | 950,000 | 818,109 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 1,500,000 | 1,374,736 |
2.10%, 06/04/30 (a) | 1,575,000 | 1,357,702 |
2.30%, 03/12/31 (a) | 2,840,000 | 2,465,242 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 1,500,000 | 1,663,490 |
Altria Group, Inc. | ||
4.80%, 02/14/29 (a) | 6,070,000 | 6,060,208 |
3.40%, 05/06/30 (a) | 2,425,000 | 2,217,906 |
2.45%, 02/04/32 (a) | 5,545,000 | 4,534,934 |
6.88%, 11/01/33 (a) | 1,600,000 | 1,764,176 |
Amgen, Inc. | ||
3.00%, 02/22/29 (a) | 2,450,000 | 2,305,647 |
4.05%, 08/18/29 (a) | 4,100,000 | 4,015,959 |
2.45%, 02/21/30 (a) | 3,950,000 | 3,504,038 |
5.25%, 03/02/30 (a) | 8,715,000 | 8,965,319 |
2.30%, 02/25/31 (a) | 3,945,000 | 3,375,485 |
2.00%, 01/15/32 (a) | 3,200,000 | 2,623,875 |
3.35%, 02/22/32 (a) | 3,265,000 | 2,983,175 |
4.20%, 03/01/33 (a) | 2,450,000 | 2,333,810 |
5.25%, 03/02/33 (a) | 13,500,000 | 13,842,039 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.75%, 01/23/29 (a) | 13,570,000 | 13,802,850 |
3.50%, 06/01/30 (a) | 5,540,000 | 5,282,262 |
4.90%, 01/23/31 (a) | 2,450,000 | 2,549,483 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Archer-Daniels-Midland Co. | ||
3.25%, 03/27/30 (a) | 3,475,000 | 3,247,742 |
2.90%, 03/01/32 (a) | 2,750,000 | 2,449,078 |
5.94%, 10/01/32 | 1,010,000 | 1,115,049 |
4.50%, 08/15/33 (a) | 1,050,000 | 1,053,259 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 2,825,000 | 2,528,947 |
Astrazeneca Finance LLC | ||
4.90%, 03/03/30 (a) | 1,950,000 | 2,009,295 |
2.25%, 05/28/31 (a) | 2,350,000 | 2,028,057 |
4.88%, 03/03/33 (a) | 1,550,000 | 1,605,091 |
AstraZeneca PLC | ||
4.00%, 01/17/29 (a) | 3,105,000 | 3,068,655 |
1.38%, 08/06/30 (a) | 4,465,000 | 3,717,222 |
Banner Health | ||
2.34%, 01/01/30 (a) | 1,010,000 | 881,503 |
1.90%, 01/01/31 (a) | 1,000,000 | 828,513 |
BAT Capital Corp. | ||
3.46%, 09/06/29 (a) | 1,600,000 | 1,474,308 |
4.91%, 04/02/30 (a) | 3,200,000 | 3,150,709 |
6.34%, 08/02/30 (a) | 3,150,000 | 3,314,722 |
2.73%, 03/25/31 (a) | 3,975,000 | 3,337,562 |
4.74%, 03/16/32 (a) | 2,800,000 | 2,692,643 |
7.75%, 10/19/32 (a) | 1,925,000 | 2,173,336 |
6.42%, 08/02/33 (a) | 3,950,000 | 4,140,102 |
BAT International Finance PLC | ||
5.93%, 02/02/29 (a) | 3,185,000 | 3,313,585 |
Baxter International, Inc. | ||
3.95%, 04/01/30 (a) | 1,700,000 | 1,615,916 |
1.73%, 04/01/31 (a) | 1,970,000 | 1,604,536 |
2.54%, 02/01/32 (a) | 4,880,000 | 4,098,630 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 875,000 | 728,191 |
Becton Dickinson & Co. | ||
2.82%, 05/20/30 (a) | 2,225,000 | 1,991,013 |
1.96%, 02/11/31 (a) | 3,225,000 | 2,690,673 |
4.30%, 08/22/32 (a) | 1,650,000 | 1,598,031 |
Biogen, Inc. | ||
2.25%, 05/01/30 (a) | 4,725,000 | 4,037,288 |
Bio-Rad Laboratories, Inc. | ||
3.70%, 03/15/32 (a) | 2,525,000 | 2,277,228 |
Bon Secours Mercy Health, Inc. | ||
3.46%, 06/01/30 (a) | 1,110,000 | 1,010,085 |
2.10%, 06/01/31 (a) | 1,080,000 | 890,903 |
Boston Scientific Corp. | ||
2.65%, 06/01/30 (a) | 3,825,000 | 3,419,266 |
Bristol-Myers Squibb Co. | ||
3.40%, 07/26/29 (a) | 7,490,000 | 7,107,215 |
1.45%, 11/13/30 (a) | 3,575,000 | 2,939,712 |
5.75%, 02/01/31 (a) | 3,200,000 | 3,427,809 |
2.95%, 03/15/32 (a) | 5,800,000 | 5,159,518 |
5.90%, 11/15/33 (a) | 3,350,000 | 3,652,513 |
Brown-Forman Corp. | ||
4.75%, 04/15/33 (a) | 2,075,000 | 2,117,174 |
Brunswick Corp. | ||
2.40%, 08/18/31 (a) | 1,755,000 | 1,423,035 |
4.40%, 09/15/32 (a) | 1,450,000 | 1,322,456 |
Bunge Ltd. Finance Corp. | ||
2.75%, 05/14/31 (a) | 3,175,000 | 2,767,172 |
Campbell Soup Co. | ||
2.38%, 04/24/30 (a) | 1,475,000 | 1,279,416 |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 995,000 | 835,633 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cencora, Inc. | ||
2.80%, 05/15/30 (a) | 1,450,000 | 1,301,625 |
2.70%, 03/15/31 (a) | 3,275,000 | 2,874,290 |
Church & Dwight Co., Inc. | ||
2.30%, 12/15/31 (a) | 1,220,000 | 1,037,847 |
5.60%, 11/15/32 (a) | 1,600,000 | 1,719,870 |
Cigna Group | ||
2.40%, 03/15/30 (a) | 4,700,000 | 4,119,016 |
2.38%, 03/15/31 (a) | 4,785,000 | 4,087,497 |
5.40%, 03/15/33 (a) | 2,475,000 | 2,577,255 |
Clorox Co. | ||
4.40%, 05/01/29 (a) | 1,600,000 | 1,586,501 |
1.80%, 05/15/30 (a) | 1,785,000 | 1,492,102 |
4.60%, 05/01/32 (a) | 1,895,000 | 1,891,085 |
Coca-Cola Co. | ||
2.13%, 09/06/29 | 3,200,000 | 2,893,945 |
3.45%, 03/25/30 | 3,975,000 | 3,816,609 |
1.65%, 06/01/30 | 4,760,000 | 4,080,986 |
2.00%, 03/05/31 | 2,260,000 | 1,952,279 |
1.38%, 03/15/31 | 4,380,000 | 3,617,187 |
2.25%, 01/05/32 | 6,375,000 | 5,572,465 |
Coca-Cola Femsa SAB de CV | ||
2.75%, 01/22/30 (a) | 3,250,000 | 2,924,693 |
1.85%, 09/01/32 (a) | 2,000,000 | 1,595,303 |
Colgate-Palmolive Co. | ||
3.25%, 08/15/32 (a) | 1,575,000 | 1,464,706 |
4.60%, 03/01/33 (a)(c) | 1,600,000 | 1,664,824 |
CommonSpirit Health | ||
3.35%, 10/01/29 (a) | 2,920,000 | 2,668,371 |
2.78%, 10/01/30 (a) | 1,750,000 | 1,518,958 |
Conagra Brands, Inc. | ||
8.25%, 09/15/30 | 925,000 | 1,081,710 |
Constellation Brands, Inc. | ||
3.15%, 08/01/29 (a) | 2,525,000 | 2,353,047 |
2.88%, 05/01/30 (a) | 1,900,000 | 1,704,190 |
2.25%, 08/01/31 (a) | 3,180,000 | 2,676,878 |
4.75%, 05/09/32 (a) | 2,375,000 | 2,371,024 |
4.90%, 05/01/33 (a) | 2,375,000 | 2,390,722 |
CVS Health Corp. | ||
5.00%, 01/30/29 (a) | 3,165,000 | 3,221,115 |
3.25%, 08/15/29 (a) | 5,620,000 | 5,235,827 |
5.13%, 02/21/30 (a) | 4,695,000 | 4,771,902 |
3.75%, 04/01/30 (a) | 4,875,000 | 4,597,273 |
1.75%, 08/21/30 (a) | 4,180,000 | 3,457,753 |
5.25%, 01/30/31 (a) | 2,400,000 | 2,466,071 |
1.88%, 02/28/31 (a) | 3,970,000 | 3,269,203 |
2.13%, 09/15/31 (a) | 3,150,000 | 2,609,119 |
5.25%, 02/21/33 (a) | 5,565,000 | 5,692,667 |
5.30%, 06/01/33 (a) | 3,900,000 | 4,005,940 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 2,415,000 | 2,137,012 |
DH Europe Finance II SARL | ||
2.60%, 11/15/29 (a) | 2,550,000 | 2,309,122 |
Diageo Capital PLC | ||
2.38%, 10/24/29 (a) | 3,200,000 | 2,887,710 |
2.00%, 04/29/30 (a) | 3,175,000 | 2,749,145 |
2.13%, 04/29/32 (a) | 2,390,000 | 1,997,684 |
5.50%, 01/24/33 (a) | 2,400,000 | 2,558,088 |
5.63%, 10/05/33 (a) | 3,200,000 | 3,456,793 |
Eli Lilly & Co. | ||
3.38%, 03/15/29 (a) | 3,050,000 | 2,934,973 |
4.70%, 02/27/33 (a) | 3,150,000 | 3,235,306 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Estee Lauder Cos., Inc. | ||
2.38%, 12/01/29 (a) | 2,150,000 | 1,916,467 |
2.60%, 04/15/30 (a) | 2,030,000 | 1,800,864 |
1.95%, 03/15/31 (a) | 1,785,000 | 1,497,166 |
4.65%, 05/15/33 (a)(c) | 2,450,000 | 2,465,695 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 1,580,000 | 1,331,581 |
GE HealthCare Technologies, Inc. | ||
5.86%, 03/15/30 (a) | 4,130,000 | 4,344,446 |
5.91%, 11/22/32 (a) | 5,400,000 | 5,767,518 |
General Mills, Inc. | ||
2.88%, 04/15/30 (a) | 2,290,000 | 2,070,808 |
2.25%, 10/14/31 (a) | 1,500,000 | 1,262,778 |
4.95%, 03/29/33 (a) | 3,225,000 | 3,272,288 |
Gilead Sciences, Inc. | ||
1.65%, 10/01/30 (a) | 3,150,000 | 2,641,696 |
5.25%, 10/15/33 (a) | 3,200,000 | 3,341,085 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 3,160,000 | 3,045,544 |
Haleon U.S. Capital LLC | ||
3.38%, 03/24/29 (a) | 3,350,000 | 3,174,141 |
3.63%, 03/24/32 (a) | 6,325,000 | 5,847,743 |
Hasbro, Inc. | ||
3.90%, 11/19/29 (a) | 2,910,000 | 2,716,994 |
HCA, Inc. | ||
5.88%, 02/01/29 (a) | 3,150,000 | 3,251,392 |
3.38%, 03/15/29 (a) | 1,650,000 | 1,524,172 |
4.13%, 06/15/29 (a) | 6,370,000 | 6,098,883 |
3.50%, 09/01/30 (a) | 8,605,000 | 7,807,623 |
2.38%, 07/15/31 (a) | 2,650,000 | 2,193,234 |
3.63%, 03/15/32 (a) | 6,500,000 | 5,819,244 |
5.50%, 06/01/33 (a) | 4,035,000 | 4,107,419 |
Hershey Co. | ||
2.45%, 11/15/29 (a) | 1,000,000 | 906,538 |
1.70%, 06/01/30 (a) | 975,000 | 830,170 |
4.50%, 05/04/33 (a) | 1,170,000 | 1,178,650 |
Hormel Foods Corp. | ||
1.80%, 06/11/30 (a) | 3,120,000 | 2,657,635 |
Illumina, Inc. | ||
2.55%, 03/23/31 (a) | 1,610,000 | 1,362,663 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 1,925,000 | 1,720,705 |
IQVIA, Inc. | ||
6.25%, 02/01/29 (a)(e) | 4,000,000 | 4,179,157 |
J M Smucker Co. | ||
2.38%, 03/15/30 (a) | 1,500,000 | 1,297,263 |
2.13%, 03/15/32 (a) | 1,535,000 | 1,246,226 |
6.20%, 11/15/33 (a) | 3,300,000 | 3,602,347 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
3.00%, 02/02/29 (a) | 1,825,000 | 1,605,248 |
5.50%, 01/15/30 (a) | 3,710,000 | 3,638,925 |
3.75%, 12/01/31 (a) | 1,870,000 | 1,611,273 |
3.63%, 01/15/32 (a) | 3,040,000 | 2,599,255 |
3.00%, 05/15/32 (a) | 3,150,000 | 2,565,955 |
5.75%, 04/01/33 (a) | 6,600,000 | 6,533,883 |
Johnson & Johnson | ||
6.95%, 09/01/29 | 937,000 | 1,082,826 |
1.30%, 09/01/30 (a) | 5,540,000 | 4,655,091 |
4.95%, 05/15/33 | 1,680,000 | 1,816,686 |
4.38%, 12/05/33 (a) | 3,000,000 | 3,086,053 |
Kellanova | ||
2.10%, 06/01/30 (a) | 1,600,000 | 1,376,226 |
7.45%, 04/01/31 | 1,975,000 | 2,264,350 |
5.25%, 03/01/33 (a) | 1,300,000 | 1,332,381 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kenvue, Inc. | ||
5.00%, 03/22/30 (a) | 3,045,000 | 3,153,551 |
4.90%, 03/22/33 (a) | 3,905,000 | 4,026,629 |
Keurig Dr Pepper, Inc. | ||
3.95%, 04/15/29 (a) | 3,200,000 | 3,120,762 |
3.20%, 05/01/30 (a) | 2,325,000 | 2,138,775 |
2.25%, 03/15/31 (a) | 1,675,000 | 1,432,504 |
4.05%, 04/15/32 (a) | 2,675,000 | 2,575,940 |
Kimberly-Clark Corp. | ||
3.20%, 04/25/29 (a) | 2,085,000 | 1,978,620 |
3.10%, 03/26/30 (a) | 2,400,000 | 2,240,777 |
2.00%, 11/02/31 (a)(c) | 1,960,000 | 1,659,357 |
4.50%, 02/16/33 (a)(c) | 1,060,000 | 1,067,764 |
Kraft Heinz Foods Co. | ||
4.63%, 01/30/29 (a) | 1,125,000 | 1,134,644 |
3.75%, 04/01/30 (a) | 2,350,000 | 2,248,510 |
4.25%, 03/01/31 (a)(c) | 1,225,000 | 1,202,461 |
6.75%, 03/15/32 | 950,000 | 1,073,890 |
Kroger Co. | ||
4.50%, 01/15/29 (a) | 1,975,000 | 1,964,508 |
2.20%, 05/01/30 (a) | 1,550,000 | 1,329,640 |
1.70%, 01/15/31 (a) | 1,775,000 | 1,438,388 |
7.50%, 04/01/31 | 1,300,000 | 1,494,295 |
Laboratory Corp. of America Holdings | ||
2.95%, 12/01/29 (a) | 2,050,000 | 1,847,887 |
2.70%, 06/01/31 (a) | 1,610,000 | 1,390,668 |
McCormick & Co., Inc. | ||
2.50%, 04/15/30 (a) | 1,715,000 | 1,503,967 |
1.85%, 02/15/31 (a) | 1,300,000 | 1,071,981 |
4.95%, 04/15/33 (a) | 1,750,000 | 1,758,307 |
McKesson Corp. | ||
5.10%, 07/15/33 (a) | 1,950,000 | 2,007,603 |
Medtronic Global Holdings SCA | ||
4.50%, 03/30/33 (a) | 3,215,000 | 3,218,009 |
Merck & Co., Inc. | ||
3.40%, 03/07/29 (a) | 5,650,000 | 5,428,205 |
4.30%, 05/17/30 (a) | 2,560,000 | 2,562,094 |
1.45%, 06/24/30 (a) | 4,000,000 | 3,348,832 |
2.15%, 12/10/31 (a) | 6,375,000 | 5,453,353 |
4.50%, 05/17/33 (a) | 4,725,000 | 4,761,404 |
6.50%, 12/01/33 | 2,000,000 | 2,352,413 |
Mondelez International, Inc. | ||
2.75%, 04/13/30 (a) | 2,225,000 | 2,012,356 |
1.50%, 02/04/31 (a) | 1,550,000 | 1,266,184 |
3.00%, 03/17/32 (a) | 2,475,000 | 2,198,264 |
1.88%, 10/15/32 (a) | 2,075,000 | 1,691,886 |
Novartis Capital Corp. | ||
2.20%, 08/14/30 (a) | 4,510,000 | 3,975,101 |
Ochsner LSU Health System of North Louisiana | ||
2.51%, 05/15/31 (a) | 1,075,000 | 732,535 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 1,030,000 | 866,500 |
PepsiCo, Inc. | ||
7.00%, 03/01/29 | 1,650,000 | 1,853,745 |
2.63%, 07/29/29 (a) | 3,200,000 | 2,951,351 |
2.75%, 03/19/30 (a) | 4,775,000 | 4,389,097 |
1.63%, 05/01/30 (a) | 3,245,000 | 2,767,832 |
1.40%, 02/25/31 (a) | 2,395,000 | 1,981,152 |
1.95%, 10/21/31 (a) | 3,955,000 | 3,358,747 |
3.90%, 07/18/32 (a) | 3,955,000 | 3,876,179 |
4.45%, 02/15/33 (a)(c) | 3,150,000 | 3,233,480 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.65%, 05/19/30 (a) | 9,355,000 | 9,426,221 |
4.75%, 05/19/33 (a) | 15,935,000 | 15,966,343 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pfizer, Inc. | ||
3.45%, 03/15/29 (a) | 5,700,000 | 5,492,644 |
2.63%, 04/01/30 (a) | 4,000,000 | 3,609,897 |
1.70%, 05/28/30 (a) | 3,260,000 | 2,778,454 |
1.75%, 08/18/31 (a) | 3,200,000 | 2,660,621 |
Philip Morris International, Inc. | ||
3.38%, 08/15/29 (a) | 2,345,000 | 2,200,013 |
5.63%, 11/17/29 (a) | 3,950,000 | 4,147,893 |
5.13%, 02/15/30 (a) | 6,975,000 | 7,101,925 |
2.10%, 05/01/30 (a) | 2,375,000 | 2,047,592 |
5.50%, 09/07/30 (a) | 2,200,000 | 2,285,182 |
1.75%, 11/01/30 (a) | 2,425,000 | 2,000,053 |
5.75%, 11/17/32 (a) | 4,880,000 | 5,127,375 |
5.38%, 02/15/33 (a) | 7,220,000 | 7,418,257 |
5.63%, 09/07/33 (a) | 3,155,000 | 3,303,983 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 975,000 | 793,872 |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a) | 3,300,000 | 2,983,576 |
3.50%, 03/01/32 (a) | 2,935,000 | 2,488,358 |
6.25%, 07/01/33 (a) | 3,010,000 | 3,100,776 |
Polaris, Inc. | ||
6.95%, 03/15/29 (a) | 1,600,000 | 1,701,182 |
Procter & Gamble Co. | ||
3.00%, 03/25/30 | 4,785,000 | 4,484,608 |
1.20%, 10/29/30 | 4,025,000 | 3,334,994 |
1.95%, 04/23/31 | 3,185,000 | 2,761,505 |
2.30%, 02/01/32 | 2,700,000 | 2,387,175 |
4.05%, 01/26/33 | 2,800,000 | 2,808,749 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 2,125,000 | 1,860,205 |
5.40%, 10/01/33 (a) | 1,850,000 | 1,885,543 |
Quest Diagnostics, Inc. | ||
4.20%, 06/30/29 (a) | 1,685,000 | 1,654,703 |
2.95%, 06/30/30 (a) | 2,410,000 | 2,159,505 |
2.80%, 06/30/31 (a) | 1,600,000 | 1,399,610 |
6.40%, 11/30/33 (a) | 2,500,000 | 2,778,342 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 3,925,000 | 3,228,861 |
Revvity, Inc. | ||
3.30%, 09/15/29 (a) | 2,535,000 | 2,302,763 |
2.55%, 03/15/31 (a) | 1,560,000 | 1,328,994 |
2.25%, 09/15/31 (a) | 1,580,000 | 1,302,722 |
Royalty Pharma PLC | ||
2.20%, 09/02/30 (a) | 3,250,000 | 2,736,700 |
2.15%, 09/02/31 (a) | 1,750,000 | 1,433,262 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 1,100,000 | 1,049,539 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 3,225,000 | 2,669,767 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 875,000 | 805,500 |
STERIS Irish FinCo UnLtd Co. | ||
2.70%, 03/15/31 (a) | 2,030,000 | 1,748,612 |
Stryker Corp. | ||
1.95%, 06/15/30 (a) | 3,175,000 | 2,718,908 |
Sutter Health | ||
2.29%, 08/15/30 (a) | 2,225,000 | 1,903,281 |
5.16%, 08/15/33 (a) | 1,215,000 | 1,242,124 |
Sysco Corp. | ||
5.75%, 01/17/29 (a) | 1,600,000 | 1,670,039 |
2.40%, 02/15/30 (a) | 1,550,000 | 1,368,140 |
5.95%, 04/01/30 (a) | 3,200,000 | 3,408,992 |
2.45%, 12/14/31 (a) | 1,410,000 | 1,194,871 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Takeda Pharmaceutical Co. Ltd. | ||
2.05%, 03/31/30 (a) | 8,000,000 | 6,865,574 |
Thermo Fisher Scientific, Inc. | ||
5.00%, 01/31/29 (a) | 2,000,000 | 2,054,729 |
2.60%, 10/01/29 (a) | 2,790,000 | 2,544,724 |
4.98%, 08/10/30 (a) | 2,900,000 | 2,973,961 |
2.00%, 10/15/31 (a) | 3,900,000 | 3,289,535 |
4.95%, 11/21/32 (a) | 2,450,000 | 2,530,293 |
5.09%, 08/10/33 (a) | 3,080,000 | 3,210,276 |
Tyson Foods, Inc. | ||
4.35%, 03/01/29 (a) | 3,325,000 | 3,236,360 |
Unilever Capital Corp. | ||
2.13%, 09/06/29 (a) | 2,700,000 | 2,409,917 |
1.38%, 09/14/30 (a) | 1,575,000 | 1,307,629 |
1.75%, 08/12/31 (a) | 2,620,000 | 2,180,240 |
5.90%, 11/15/32 | 3,240,000 | 3,614,157 |
5.00%, 12/08/33 (a) | 2,500,000 | 2,599,226 |
Universal Health Services, Inc. | ||
2.65%, 10/15/30 (a) | 2,470,000 | 2,099,430 |
2.65%, 01/15/32 (a) | 1,675,000 | 1,378,652 |
UPMC | ||
5.04%, 05/15/33 (a) | 1,600,000 | 1,626,119 |
Viatris, Inc. | ||
2.70%, 06/22/30 (a) | 4,600,000 | 3,901,466 |
Whirlpool Corp. | ||
4.75%, 02/26/29 (a) | 2,265,000 | 2,257,906 |
2.40%, 05/15/31 (a) | 970,000 | 814,487 |
4.70%, 05/14/32 (a) | 950,000 | 923,348 |
5.50%, 03/01/33 (a) | 910,000 | 929,768 |
Zimmer Biomet Holdings, Inc. | ||
2.60%, 11/24/31 (a) | 2,475,000 | 2,119,949 |
Zoetis, Inc. | ||
2.00%, 05/15/30 (a) | 2,400,000 | 2,071,383 |
5.60%, 11/16/32 (a) | 2,370,000 | 2,542,745 |
791,815,299 | ||
Energy 6.5% | ||
Apache Corp. | ||
4.25%, 01/15/30 (a) | 1,350,000 | 1,272,697 |
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. | ||
3.14%, 11/07/29 (a) | 1,850,000 | 1,723,762 |
4.49%, 05/01/30 (a) | 1,425,000 | 1,429,077 |
Boardwalk Pipelines LP | ||
4.80%, 05/03/29 (a) | 1,600,000 | 1,572,782 |
3.40%, 02/15/31 (a) | 1,550,000 | 1,390,974 |
3.60%, 09/01/32 (a) | 1,575,000 | 1,401,097 |
BP Capital Markets America, Inc. | ||
3.63%, 04/06/30 (a) | 3,850,000 | 3,691,815 |
1.75%, 08/10/30 (a) | 3,035,000 | 2,572,682 |
2.72%, 01/12/32 (a) | 6,640,000 | 5,797,123 |
4.81%, 02/13/33 (a) | 7,235,000 | 7,304,193 |
4.89%, 09/11/33 (a) | 4,810,000 | 4,898,419 |
Burlington Resources LLC | ||
7.20%, 08/15/31 | 1,350,000 | 1,563,717 |
7.40%, 12/01/31 | 1,560,000 | 1,828,528 |
Canadian Natural Resources Ltd. | ||
2.95%, 07/15/30 (a) | 1,450,000 | 1,279,345 |
7.20%, 01/15/32 | 1,265,000 | 1,410,623 |
6.45%, 06/30/33 | 1,200,000 | 1,291,169 |
Cenovus Energy, Inc. | ||
2.65%, 01/15/32 (a) | 1,740,000 | 1,446,127 |
Cheniere Corpus Christi Holdings LLC | ||
3.70%, 11/15/29 (a) | 3,565,000 | 3,375,223 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 4,765,000 | 4,553,876 |
4.00%, 03/01/31 (a) | 4,800,000 | 4,369,610 |
3.25%, 01/31/32 (a) | 4,015,000 | 3,423,904 |
5.95%, 06/30/33 (a)(e) | 4,390,000 | 4,509,407 |
Chevron Corp. | ||
2.24%, 05/11/30 (a) | 4,725,000 | 4,190,168 |
Chevron USA, Inc. | ||
3.25%, 10/15/29 (a) | 1,490,000 | 1,416,581 |
Conoco Funding Co. | ||
7.25%, 10/15/31 | 1,245,000 | 1,443,085 |
ConocoPhillips Co. | ||
6.95%, 04/15/29 | 3,733,000 | 4,166,313 |
5.90%, 10/15/32 | 1,650,000 | 1,813,865 |
5.05%, 09/15/33 (a) | 3,050,000 | 3,142,489 |
Coterra Energy, Inc. | ||
4.38%, 03/15/29 (a) | 1,380,000 | 1,343,217 |
DCP Midstream Operating LP | ||
5.13%, 05/15/29 (a) | 1,925,000 | 1,929,570 |
8.13%, 08/16/30 | 975,000 | 1,131,332 |
3.25%, 02/15/32 (a) | 1,275,000 | 1,108,281 |
Devon Energy Corp. | ||
4.50%, 01/15/30 (a) | 1,790,000 | 1,721,948 |
7.88%, 09/30/31 | 2,150,000 | 2,511,842 |
7.95%, 04/15/32 | 1,100,000 | 1,282,730 |
Diamondback Energy, Inc. | ||
3.50%, 12/01/29 (a) | 3,220,000 | 2,996,466 |
3.13%, 03/24/31 (a) | 2,500,000 | 2,226,374 |
6.25%, 03/15/33 (a) | 3,490,000 | 3,738,567 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 1,265,000 | 1,139,404 |
Enbridge, Inc. | ||
3.13%, 11/15/29 (a) | 3,110,000 | 2,848,569 |
6.20%, 11/15/30 (a) | 2,400,000 | 2,569,626 |
5.70%, 03/08/33 (a) | 7,150,000 | 7,451,475 |
2.50%, 08/01/33 (a) | 3,260,000 | 2,671,266 |
Energy Transfer LP | ||
5.25%, 04/15/29 (a) | 4,755,000 | 4,794,435 |
4.15%, 09/15/29 (a) | 1,735,000 | 1,655,697 |
3.75%, 05/15/30 (a) | 4,725,000 | 4,388,628 |
6.40%, 12/01/30 (a) | 3,200,000 | 3,425,208 |
5.75%, 02/15/33 (a) | 4,790,000 | 4,956,534 |
6.55%, 12/01/33 (a) | 5,000,000 | 5,432,220 |
Enterprise Products Operating LLC | ||
3.13%, 07/31/29 (a) | 3,635,000 | 3,403,791 |
2.80%, 01/31/30 (a) | 3,990,000 | 3,616,743 |
5.35%, 01/31/33 (a) | 3,275,000 | 3,436,010 |
6.88%, 03/01/33 | 1,750,000 | 2,016,226 |
EOG Resources, Inc. | ||
4.38%, 04/15/30 (a) | 2,380,000 | 2,376,754 |
EQT Corp. | ||
5.00%, 01/15/29 (a) | 1,075,000 | 1,068,961 |
7.50%, 02/01/30 (a)(f) | 2,145,000 | 2,307,054 |
Exxon Mobil Corp. | ||
2.44%, 08/16/29 (a) | 4,015,000 | 3,657,046 |
3.48%, 03/19/30 (a) | 6,415,000 | 6,106,236 |
2.61%, 10/15/30 (a) | 6,305,000 | 5,633,671 |
Halliburton Co. | ||
2.92%, 03/01/30 (a) | 2,975,000 | 2,680,528 |
Helmerich & Payne, Inc. | ||
2.90%, 09/29/31 (a) | 1,800,000 | 1,515,451 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hess Corp. | ||
7.88%, 10/01/29 | 1,500,000 | 1,726,107 |
7.30%, 08/15/31 | 2,050,000 | 2,373,152 |
7.13%, 03/15/33 | 1,692,000 | 1,963,670 |
HF Sinclair Corp. | ||
4.50%, 10/01/30 (a) | 1,035,000 | 970,690 |
Kinder Morgan Energy Partners LP | ||
7.40%, 03/15/31 | 960,000 | 1,076,958 |
7.75%, 03/15/32 | 925,000 | 1,054,256 |
7.30%, 08/15/33 | 1,700,000 | 1,934,966 |
Kinder Morgan, Inc. | ||
2.00%, 02/15/31 (a) | 2,375,000 | 1,976,046 |
7.80%, 08/01/31 | 1,800,000 | 2,064,543 |
7.75%, 01/15/32 | 3,150,000 | 3,609,414 |
4.80%, 02/01/33 (a) | 2,909,000 | 2,808,334 |
5.20%, 06/01/33 (a) | 4,250,000 | 4,231,075 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 1,600,000 | 1,454,588 |
Marathon Oil Corp. | ||
6.80%, 03/15/32 | 1,725,000 | 1,873,290 |
MPLX LP | ||
4.80%, 02/15/29 (a) | 2,225,000 | 2,213,455 |
2.65%, 08/15/30 (a) | 4,775,000 | 4,126,695 |
4.95%, 09/01/32 (a) | 3,350,000 | 3,286,506 |
5.00%, 03/01/33 (a) | 3,540,000 | 3,473,986 |
National Fuel Gas Co. | ||
2.95%, 03/01/31 (a) | 1,590,000 | 1,337,312 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 1,515,000 | 1,403,725 |
Occidental Petroleum Corp. | ||
8.88%, 07/15/30 (a) | 3,090,000 | 3,619,008 |
6.63%, 09/01/30 (a) | 4,750,000 | 5,057,373 |
6.13%, 01/01/31 (a) | 3,865,000 | 4,021,137 |
7.50%, 05/01/31 | 2,800,000 | 3,143,006 |
7.88%, 09/15/31 | 1,565,000 | 1,782,108 |
ONEOK, Inc. | ||
4.35%, 03/15/29 (a) | 2,300,000 | 2,237,793 |
3.40%, 09/01/29 (a) | 2,225,000 | 2,052,694 |
3.10%, 03/15/30 (a) | 2,563,000 | 2,307,085 |
5.80%, 11/01/30 (a) | 1,650,000 | 1,719,043 |
6.35%, 01/15/31 (a) | 1,805,000 | 1,931,106 |
6.10%, 11/15/32 (a) | 2,385,000 | 2,538,291 |
6.05%, 09/01/33 (a) | 4,800,000 | 5,081,700 |
Ovintiv, Inc. | ||
8.13%, 09/15/30 | 1,050,000 | 1,187,478 |
7.20%, 11/01/31 | 1,150,000 | 1,253,838 |
7.38%, 11/01/31 | 1,600,000 | 1,767,142 |
6.25%, 07/15/33 (a) | 1,850,000 | 1,915,714 |
Patterson-UTI Energy, Inc. | ||
5.15%, 11/15/29 (a) | 1,160,000 | 1,111,631 |
7.15%, 10/01/33 (a) | 1,275,000 | 1,352,207 |
Phillips 66 | ||
2.15%, 12/15/30 (a) | 2,720,000 | 2,297,161 |
Phillips 66 Co. | ||
3.15%, 12/15/29 (a) | 1,750,000 | 1,615,781 |
5.30%, 06/30/33 (a) | 1,650,000 | 1,699,331 |
Pioneer Natural Resources Co. | ||
1.90%, 08/15/30 (a) | 3,460,000 | 2,946,475 |
2.15%, 01/15/31 (a) | 3,200,000 | 2,729,974 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55%, 12/15/29 (a) | 3,065,000 | 2,823,023 |
3.80%, 09/15/30 (a) | 2,425,000 | 2,235,978 |
Sabine Pass Liquefaction LLC | ||
4.50%, 05/15/30 (a) | 6,400,000 | 6,269,825 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Schlumberger Investment SA | ||
2.65%, 06/26/30 (a) | 4,040,000 | 3,633,141 |
4.85%, 05/15/33 (a) | 1,585,000 | 1,612,327 |
Shell International Finance BV | ||
2.38%, 11/07/29 (a) | 4,815,000 | 4,337,106 |
2.75%, 04/06/30 (a) | 5,540,000 | 5,071,267 |
Suncor Energy, Inc. | ||
7.15%, 02/01/32 | 1,615,000 | 1,809,574 |
Targa Resources Corp. | ||
6.15%, 03/01/29 (a) | 2,800,000 | 2,931,864 |
4.20%, 02/01/33 (a) | 2,440,000 | 2,250,322 |
6.13%, 03/15/33 (a) | 3,150,000 | 3,326,454 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.88%, 01/15/29 (a) | 2,410,000 | 2,490,230 |
5.50%, 03/01/30 (a) | 2,850,000 | 2,849,784 |
4.88%, 02/01/31 (a) | 3,157,000 | 3,068,244 |
4.00%, 01/15/32 (a) | 3,175,000 | 2,895,534 |
Texas Eastern Transmission LP | ||
7.00%, 07/15/32 | 1,450,000 | 1,629,064 |
Tosco Corp. | ||
8.13%, 02/15/30 | 1,300,000 | 1,533,338 |
TotalEnergies Capital International SA | ||
3.46%, 02/19/29 (a) | 4,050,000 | 3,910,852 |
2.83%, 01/10/30 (a) | 3,790,000 | 3,490,294 |
TransCanada PipeLines Ltd. | ||
4.10%, 04/15/30 (a) | 3,975,000 | 3,783,619 |
2.50%, 10/12/31 (a) | 3,225,000 | 2,701,396 |
Transcontinental Gas Pipe Line Co. LLC | ||
3.25%, 05/15/30 (a) | 2,500,000 | 2,272,114 |
Valero Energy Corp. | ||
4.00%, 04/01/29 (a) | 1,400,000 | 1,349,915 |
2.80%, 12/01/31 (a) | 1,400,000 | 1,194,200 |
7.50%, 04/15/32 | 2,350,000 | 2,717,884 |
Western Midstream Operating LP | ||
6.35%, 01/15/29 (a) | 1,900,000 | 1,985,340 |
4.05%, 02/01/30 (a) | 3,505,000 | 3,287,352 |
6.15%, 04/01/33 (a) | 2,400,000 | 2,496,344 |
Williams Cos., Inc. | ||
3.50%, 11/15/30 (a) | 3,525,000 | 3,232,472 |
7.50%, 01/15/31 | 1,175,000 | 1,330,309 |
2.60%, 03/15/31 (a) | 5,040,000 | 4,317,697 |
8.75%, 03/15/32 | 300,000 | 364,735 |
4.65%, 08/15/32 (a) | 3,460,000 | 3,385,815 |
5.65%, 03/15/33 (a) | 2,600,000 | 2,719,784 |
373,053,552 | ||
Industrial Other 0.2% | ||
Booz Allen Hamilton, Inc. | ||
5.95%, 08/04/33 (a) | 2,125,000 | 2,248,635 |
Cintas Corp. No. 2 | ||
4.00%, 05/01/32 (a) | 2,625,000 | 2,540,778 |
Emory University | ||
2.14%, 09/01/30 (a) | 425,000 | 368,154 |
Jacobs Engineering Group, Inc. | ||
5.90%, 03/01/33 (a) | 1,764,000 | 1,804,078 |
Johns Hopkins University | ||
4.71%, 07/01/32 (a) | 1,004,000 | 1,026,887 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 3,328,000 | 2,934,970 |
2.35%, 01/15/32 (a) | 1,620,000 | 1,343,457 |
Yale University | ||
1.48%, 04/15/30 (a) | 1,585,000 | 1,326,310 |
13,593,269 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Technology 9.3% | ||
Adobe, Inc. | ||
2.30%, 02/01/30 (a) | 4,090,000 | 3,670,108 |
Advanced Micro Devices, Inc. | ||
3.92%, 06/01/32 (a) | 1,600,000 | 1,549,896 |
Alphabet, Inc. | ||
1.10%, 08/15/30 (a) | 7,275,000 | 6,037,241 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 2,055,000 | 1,776,644 |
Analog Devices, Inc. | ||
2.10%, 10/01/31 (a) | 3,225,000 | 2,750,433 |
Apple, Inc. | ||
3.25%, 08/08/29 (a) | 3,150,000 | 3,012,671 |
2.20%, 09/11/29 (a) | 5,600,000 | 5,072,957 |
4.15%, 05/10/30 (a) | 1,550,000 | 1,558,249 |
1.65%, 05/11/30 (a) | 5,580,000 | 4,779,056 |
1.25%, 08/20/30 (a) | 3,960,000 | 3,291,240 |
1.65%, 02/08/31 (a) | 8,825,000 | 7,444,714 |
1.70%, 08/05/31 (a) | 3,230,000 | 2,703,902 |
3.35%, 08/08/32 (a)(c) | 4,800,000 | 4,505,138 |
4.30%, 05/10/33 (a)(c) | 3,200,000 | 3,251,307 |
Applied Materials, Inc. | ||
1.75%, 06/01/30 (a) | 2,405,000 | 2,049,986 |
Arrow Electronics, Inc. | ||
2.95%, 02/15/32 (a) | 1,560,000 | 1,325,709 |
Autodesk, Inc. | ||
2.85%, 01/15/30 (a) | 1,585,000 | 1,431,428 |
2.40%, 12/15/31 (a) | 3,170,000 | 2,717,515 |
Automatic Data Processing, Inc. | ||
1.25%, 09/01/30 (a) | 3,220,000 | 2,681,488 |
Avnet, Inc. | ||
3.00%, 05/15/31 (a) | 980,000 | 832,138 |
5.50%, 06/01/32 (a) | 960,000 | 953,849 |
Baidu, Inc. | ||
3.43%, 04/07/30 (a) | 1,175,000 | 1,069,744 |
2.38%, 10/09/30 (a) | 900,000 | 760,126 |
2.38%, 08/23/31 (a) | 2,250,000 | 1,861,221 |
Broadcom, Inc. | ||
4.00%, 04/15/29 (a)(e) | 2,350,000 | 2,272,456 |
4.75%, 04/15/29 (a) | 5,210,000 | 5,227,203 |
5.00%, 04/15/30 (a) | 1,755,000 | 1,784,623 |
4.15%, 11/15/30 (a) | 6,060,000 | 5,791,479 |
2.45%, 02/15/31 (a)(e) | 8,825,000 | 7,556,178 |
4.15%, 04/15/32 (a)(e) | 3,850,000 | 3,635,867 |
4.30%, 11/15/32 (a) | 6,325,000 | 6,071,289 |
2.60%, 02/15/33 (a)(e) | 5,575,000 | 4,593,142 |
3.42%, 04/15/33 (a)(e) | 7,260,000 | 6,384,410 |
Broadridge Financial Solutions, Inc. | ||
2.90%, 12/01/29 (a) | 2,375,000 | 2,133,381 |
2.60%, 05/01/31 (a) | 3,300,000 | 2,823,132 |
CDW LLC/CDW Finance Corp. | ||
3.25%, 02/15/29 (a) | 2,235,000 | 2,045,917 |
3.57%, 12/01/31 (a) | 3,300,000 | 2,933,469 |
CGI, Inc. | ||
2.30%, 09/14/31 (a) | 1,255,000 | 1,025,165 |
Concentrix Corp. | ||
6.85%, 08/02/33 (a) | 1,790,000 | 1,842,088 |
Dell International LLC/EMC Corp. | ||
5.30%, 10/01/29 (a) | 5,540,000 | 5,710,655 |
6.20%, 07/15/30 (a) | 2,410,000 | 2,588,904 |
5.75%, 02/01/33 (a) | 3,115,000 | 3,283,512 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Equifax, Inc. | ||
3.10%, 05/15/30 (a) | 1,875,000 | 1,683,316 |
2.35%, 09/15/31 (a) | 3,175,000 | 2,641,516 |
Equinix, Inc. | ||
3.20%, 11/18/29 (a) | 3,810,000 | 3,508,181 |
2.15%, 07/15/30 (a) | 3,540,000 | 3,010,223 |
2.50%, 05/15/31 (a) | 3,075,000 | 2,618,671 |
3.90%, 04/15/32 (a) | 3,850,000 | 3,581,874 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 1,575,000 | 1,417,691 |
Fidelity National Information Services, Inc. | ||
3.75%, 05/21/29 (a) | 1,785,000 | 1,720,459 |
2.25%, 03/01/31 (a) | 4,165,000 | 3,522,398 |
5.10%, 07/15/32 (a) | 2,295,000 | 2,349,453 |
Fiserv, Inc. | ||
3.50%, 07/01/29 (a) | 9,440,000 | 8,897,203 |
2.65%, 06/01/30 (a) | 3,200,000 | 2,821,533 |
5.60%, 03/02/33 (a) | 3,050,000 | 3,192,320 |
5.63%, 08/21/33 (a) | 4,125,000 | 4,322,736 |
Flex Ltd. | ||
4.88%, 06/15/29 (a) | 2,200,000 | 2,166,572 |
4.88%, 05/12/30 (a) | 1,950,000 | 1,918,819 |
Fortinet, Inc. | ||
2.20%, 03/15/31 (a) | 1,595,000 | 1,335,961 |
Global Payments, Inc. | ||
3.20%, 08/15/29 (a) | 4,005,000 | 3,631,899 |
5.30%, 08/15/29 (a) | 1,650,000 | 1,663,009 |
2.90%, 05/15/30 (a) | 3,135,000 | 2,757,619 |
2.90%, 11/15/31 (a) | 2,450,000 | 2,097,328 |
5.40%, 08/15/32 (a) | 2,475,000 | 2,502,153 |
HP, Inc. | ||
4.00%, 04/15/29 (a) | 3,200,000 | 3,110,336 |
3.40%, 06/17/30 (a) | 1,600,000 | 1,464,550 |
2.65%, 06/17/31 (a) | 3,100,000 | 2,643,744 |
4.20%, 04/15/32 (a) | 2,150,000 | 2,041,314 |
5.50%, 01/15/33 (a)(c) | 3,500,000 | 3,592,931 |
Intel Corp. | ||
4.00%, 08/05/29 (a) | 2,730,000 | 2,690,264 |
2.45%, 11/15/29 (a) | 6,300,000 | 5,676,776 |
5.13%, 02/10/30 (a) | 4,055,000 | 4,211,405 |
3.90%, 03/25/30 (a) | 4,775,000 | 4,629,797 |
2.00%, 08/12/31 (a) | 4,025,000 | 3,403,946 |
4.15%, 08/05/32 (a)(c) | 3,900,000 | 3,817,972 |
4.00%, 12/15/32 | 2,355,000 | 2,279,055 |
5.20%, 02/10/33 (a) | 7,300,000 | 7,631,284 |
International Business Machines Corp. | ||
3.50%, 05/15/29 | 10,280,000 | 9,813,203 |
1.95%, 05/15/30 (a) | 4,220,000 | 3,631,059 |
2.72%, 02/09/32 (a) | 1,650,000 | 1,454,116 |
4.40%, 07/27/32 (a) | 2,395,000 | 2,357,621 |
5.88%, 11/29/32 | 2,075,000 | 2,272,499 |
4.75%, 02/06/33 (a) | 2,355,000 | 2,388,737 |
Intuit, Inc. | ||
1.65%, 07/15/30 (a) | 1,545,000 | 1,300,455 |
5.20%, 09/15/33 (a) | 4,050,000 | 4,245,577 |
Jabil, Inc. | ||
5.45%, 02/01/29 (a) | 875,000 | 894,626 |
3.60%, 01/15/30 (a) | 1,620,000 | 1,466,727 |
3.00%, 01/15/31 (a) | 1,960,000 | 1,699,793 |
Juniper Networks, Inc. | ||
3.75%, 08/15/29 (a) | 1,675,000 | 1,592,794 |
2.00%, 12/10/30 (a) | 1,175,000 | 952,859 |
Keysight Technologies, Inc. | ||
3.00%, 10/30/29 (a) | 1,650,000 | 1,501,106 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 2,550,000 | 2,540,466 |
4.65%, 07/15/32 (a) | 3,185,000 | 3,257,646 |
Kyndryl Holdings, Inc. | ||
3.15%, 10/15/31 (a) | 2,105,000 | 1,770,027 |
Lam Research Corp. | ||
4.00%, 03/15/29 (a) | 3,025,000 | 2,988,055 |
1.90%, 06/15/30 (a) | 2,450,000 | 2,109,114 |
Leidos, Inc. | ||
4.38%, 05/15/30 (a) | 2,615,000 | 2,504,251 |
2.30%, 02/15/31 (a) | 3,225,000 | 2,699,585 |
5.75%, 03/15/33 (a) | 2,250,000 | 2,345,659 |
Marvell Technology, Inc. | ||
5.75%, 02/15/29 (a) | 1,620,000 | 1,676,953 |
2.95%, 04/15/31 (a) | 2,425,000 | 2,122,006 |
5.95%, 09/15/33 (a) | 1,550,000 | 1,646,729 |
Mastercard, Inc. | ||
2.95%, 06/01/29 (a) | 3,200,000 | 3,013,145 |
3.35%, 03/26/30 (a) | 4,755,000 | 4,535,646 |
1.90%, 03/15/31 (a) | 1,800,000 | 1,539,946 |
2.00%, 11/18/31 (a) | 2,425,000 | 2,049,768 |
4.85%, 03/09/33 (a) | 2,485,000 | 2,570,832 |
Micron Technology, Inc. | ||
5.33%, 02/06/29 (a) | 2,125,000 | 2,168,708 |
6.75%, 11/01/29 (a) | 3,950,000 | 4,271,955 |
4.66%, 02/15/30 (a) | 2,700,000 | 2,647,410 |
2.70%, 04/15/32 (a) | 3,335,000 | 2,803,162 |
5.88%, 02/09/33 (a) | 2,335,000 | 2,438,393 |
5.88%, 09/15/33 (a) | 3,000,000 | 3,122,675 |
Microsoft Corp. | ||
1.35%, 09/15/30 (a)(e) | 1,535,000 | 1,278,509 |
Moody's Corp. | ||
4.25%, 02/01/29 (a) | 1,225,000 | 1,214,550 |
2.00%, 08/19/31 (a) | 2,075,000 | 1,725,979 |
4.25%, 08/08/32 (a) | 1,450,000 | 1,413,766 |
Motorola Solutions, Inc. | ||
4.60%, 05/23/29 (a) | 2,600,000 | 2,585,685 |
2.30%, 11/15/30 (a) | 2,750,000 | 2,324,354 |
2.75%, 05/24/31 (a) | 2,750,000 | 2,350,396 |
5.60%, 06/01/32 (a) | 2,000,000 | 2,067,374 |
NetApp, Inc. | ||
2.70%, 06/22/30 (a) | 2,212,000 | 1,957,753 |
NVIDIA Corp. | ||
2.85%, 04/01/30 (a) | 4,760,000 | 4,405,654 |
2.00%, 06/15/31 (a) | 3,950,000 | 3,387,642 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
4.30%, 06/18/29 (a) | 3,125,000 | 3,040,432 |
3.40%, 05/01/30 (a) | 3,175,000 | 2,918,413 |
2.50%, 05/11/31 (a) | 3,175,000 | 2,703,552 |
2.65%, 02/15/32 (a) | 3,275,000 | 2,761,553 |
5.00%, 01/15/33 (a) | 3,090,000 | 3,089,384 |
Oracle Corp. | ||
6.15%, 11/09/29 (a) | 4,050,000 | 4,354,624 |
2.95%, 04/01/30 (a) | 10,525,000 | 9,504,849 |
4.65%, 05/06/30 (a) | 2,475,000 | 2,464,537 |
3.25%, 05/15/30 (a) | 1,575,000 | 1,446,702 |
2.88%, 03/25/31 (a) | 10,130,000 | 8,978,607 |
6.25%, 11/09/32 (a) | 7,075,000 | 7,704,296 |
4.90%, 02/06/33 (a) | 4,790,000 | 4,769,207 |
PayPal Holdings, Inc. | ||
2.85%, 10/01/29 (a) | 4,750,000 | 4,354,068 |
2.30%, 06/01/30 (a) | 3,240,000 | 2,837,419 |
4.40%, 06/01/32 (a) | 3,300,000 | 3,282,319 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 2,750,000 | 2,623,697 |
QUALCOMM, Inc. | ||
2.15%, 05/20/30 (a) | 4,065,000 | 3,590,771 |
1.65%, 05/20/32 (a) | 3,910,000 | 3,189,410 |
4.25%, 05/20/32 (a) | 1,595,000 | 1,586,570 |
5.40%, 05/20/33 (a) | 2,225,000 | 2,404,895 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 2,985,000 | 2,935,705 |
3.00%, 05/22/30 (a) | 2,425,000 | 2,230,401 |
4.75%, 05/20/32 (a) | 1,620,000 | 1,639,875 |
Roper Technologies, Inc. | ||
2.95%, 09/15/29 (a) | 2,440,000 | 2,239,669 |
2.00%, 06/30/30 (a) | 1,960,000 | 1,667,710 |
1.75%, 02/15/31 (a) | 3,150,000 | 2,596,310 |
S&P Global, Inc. | ||
2.70%, 03/01/29 (a) | 3,920,000 | 3,631,786 |
4.25%, 05/01/29 (a) | 2,940,000 | 2,932,670 |
2.50%, 12/01/29 (a) | 1,572,000 | 1,418,915 |
1.25%, 08/15/30 (a) | 2,050,000 | 1,680,710 |
2.90%, 03/01/32 (a) | 4,750,000 | 4,247,942 |
5.25%, 09/15/33 (a)(e) | 2,400,000 | 2,512,837 |
Salesforce, Inc. | ||
1.95%, 07/15/31 (a) | 4,730,000 | 4,042,013 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 4,790,000 | 3,944,160 |
Skyworks Solutions, Inc. | ||
3.00%, 06/01/31 (a) | 1,575,000 | 1,356,632 |
TD SYNNEX Corp. | ||
2.65%, 08/09/31 (a) | 1,575,000 | 1,279,052 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 1,575,000 | 1,356,199 |
Tencent Music Entertainment Group | ||
2.00%, 09/03/30 (a) | 1,550,000 | 1,258,765 |
Texas Instruments, Inc. | ||
2.25%, 09/04/29 (a) | 2,400,000 | 2,170,501 |
1.75%, 05/04/30 (a) | 2,355,000 | 2,037,566 |
1.90%, 09/15/31 (a) | 1,510,000 | 1,289,705 |
3.65%, 08/16/32 (a) | 1,540,000 | 1,464,327 |
4.90%, 03/14/33 (a) | 2,975,000 | 3,091,923 |
Trimble, Inc. | ||
6.10%, 03/15/33 (a) | 2,550,000 | 2,740,713 |
TSMC Arizona Corp. | ||
4.13%, 04/22/29 (a) | 1,500,000 | 1,475,202 |
2.50%, 10/25/31 (a) | 4,375,000 | 3,752,267 |
4.25%, 04/22/32 (a)(c) | 2,950,000 | 2,901,073 |
Tyco Electronics Group SA | ||
2.50%, 02/04/32 (a) | 1,895,000 | 1,646,223 |
VeriSign, Inc. | ||
2.70%, 06/15/31 (a) | 2,500,000 | 2,145,868 |
Verisk Analytics, Inc. | ||
4.13%, 03/15/29 (a) | 1,930,000 | 1,887,056 |
5.75%, 04/01/33 (a) | 1,615,000 | 1,733,609 |
Visa, Inc. | ||
2.05%, 04/15/30 (a) | 4,790,000 | 4,213,602 |
1.10%, 02/15/31 (a) | 3,200,000 | 2,597,940 |
VMware LLC | ||
4.70%, 05/15/30 (a) | 2,340,000 | 2,310,167 |
2.20%, 08/15/31 (a) | 4,875,000 | 4,042,443 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 1,695,000 | 1,458,376 |
3.10%, 02/01/32 (a) | 1,545,000 | 1,232,010 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Western Union Co. | ||
2.75%, 03/15/31 (a) | 975,000 | 812,926 |
Workday, Inc. | ||
3.70%, 04/01/29 (a) | 2,425,000 | 2,331,692 |
3.80%, 04/01/32 (a) | 3,950,000 | 3,683,567 |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 2,340,000 | 2,073,448 |
536,117,763 | ||
Transportation 1.3% | ||
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 08/15/30 | 1,166,625 | 1,074,816 |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 04/15/31 | 1,246,632 | 1,126,688 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 08/15/33 | 1,490,661 | 1,325,463 |
Canadian National Railway Co. | ||
3.85%, 08/05/32 (a) | 2,550,000 | 2,429,701 |
5.85%, 11/01/33 (a) | 975,000 | 1,074,630 |
Canadian Pacific Railway Co. | ||
2.88%, 11/15/29 (a) | 250,000 | 225,694 |
2.05%, 03/05/30 (a) | 2,010,000 | 1,724,181 |
7.13%, 10/15/31 | 1,225,000 | 1,392,879 |
2.45%, 12/02/31 (a) | 4,910,000 | 4,556,696 |
CSX Corp. | ||
4.25%, 03/15/29 (a) | 3,080,000 | 3,080,280 |
2.40%, 02/15/30 (a) | 1,150,000 | 1,019,829 |
4.10%, 11/15/32 (a) | 3,015,000 | 2,933,558 |
5.20%, 11/15/33 (a) | 2,000,000 | 2,088,972 |
FedEx Corp. | ||
3.10%, 08/05/29 (a) | 3,235,000 | 2,998,026 |
4.25%, 05/15/30 (a) | 2,365,000 | 2,317,427 |
2.40%, 05/15/31 (a) | 3,300,000 | 2,840,712 |
GXO Logistics, Inc. | ||
2.65%, 07/15/31 (a) | 1,300,000 | 1,069,514 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 11/15/33 | 1,429,938 | 1,208,697 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
4.00%, 05/15/34 (c) | 1,647,562 | 1,506,642 |
Norfolk Southern Corp. | ||
2.55%, 11/01/29 (a) | 1,335,000 | 1,201,185 |
5.05%, 08/01/30 (a) | 1,943,000 | 1,993,617 |
2.30%, 05/15/31 (a) | 1,570,000 | 1,356,768 |
3.00%, 03/15/32 (a) | 1,815,000 | 1,616,967 |
4.45%, 03/01/33 (a) | 1,582,000 | 1,563,410 |
Ryder System, Inc. | ||
6.60%, 12/01/33 (a) | 1,950,000 | 2,167,337 |
Southwest Airlines Co. | ||
2.63%, 02/10/30 (a) | 1,590,000 | 1,391,868 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 1,985,000 | 1,604,026 |
Union Pacific Corp. | ||
6.63%, 02/01/29 | 1,125,000 | 1,246,592 |
3.70%, 03/01/29 (a) | 2,510,000 | 2,456,241 |
2.40%, 02/05/30 (a) | 2,440,000 | 2,181,309 |
2.38%, 05/20/31 (a) | 3,310,000 | 2,879,683 |
2.80%, 02/14/32 (a) | 4,043,000 | 3,590,436 |
4.50%, 01/20/33 (a) | 2,740,000 | 2,757,869 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 1,727,973 | 1,569,623 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 1,595,673 | 1,474,572 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 1,854,472 | 1,564,022 |
United Parcel Service, Inc. | ||
3.40%, 03/15/29 (a) | 2,370,000 | 2,296,396 |
2.50%, 09/01/29 (a) | 1,225,000 | 1,115,066 |
4.45%, 04/01/30 (a) | 2,360,000 | 2,384,764 |
4.88%, 03/03/33 (a) | 2,850,000 | 2,960,658 |
77,366,814 | ||
3,166,153,213 | ||
Utility 8.0% | ||
Electric 7.1% | ||
AEP Texas, Inc. | ||
2.10%, 07/01/30 (a) | 2,175,000 | 1,828,241 |
4.70%, 05/15/32 (a) | 1,325,000 | 1,298,610 |
5.40%, 06/01/33 (a) | 1,345,000 | 1,372,085 |
AES Corp. | ||
2.45%, 01/15/31 (a) | 3,170,000 | 2,665,764 |
Alabama Power Co. | ||
1.45%, 09/15/30 (a) | 2,005,000 | 1,628,126 |
3.05%, 03/15/32 (a) | 2,255,000 | 2,004,023 |
3.94%, 09/01/32 (a) | 1,584,000 | 1,510,296 |
5.85%, 11/15/33 (a) | 1,000,000 | 1,078,217 |
Ameren Corp. | ||
5.00%, 01/15/29 (a) | 2,000,000 | 2,011,840 |
3.50%, 01/15/31 (a) | 2,575,000 | 2,350,969 |
Ameren Illinois Co. | ||
1.55%, 11/15/30 (a) | 1,081,000 | 882,535 |
3.85%, 09/01/32 (a) | 1,675,000 | 1,564,990 |
4.95%, 06/01/33 (a) | 1,735,000 | 1,758,622 |
American Electric Power Co., Inc. | ||
5.20%, 01/15/29 (a) | 3,000,000 | 3,044,610 |
2.30%, 03/01/30 (a) | 1,350,000 | 1,157,038 |
5.95%, 11/01/32 (a) | 1,570,000 | 1,682,941 |
5.63%, 03/01/33 (a) | 2,660,000 | 2,774,418 |
Appalachian Power Co. | ||
2.70%, 04/01/31 (a) | 1,880,000 | 1,613,027 |
4.50%, 08/01/32 (a) | 1,500,000 | 1,446,652 |
Arizona Public Service Co. | ||
2.60%, 08/15/29 (a) | 1,225,000 | 1,096,603 |
2.20%, 12/15/31 (a) | 1,565,000 | 1,277,598 |
6.35%, 12/15/32 (a) | 1,250,000 | 1,359,979 |
5.55%, 08/01/33 (a) | 1,565,000 | 1,622,644 |
Atlantic City Electric Co. | ||
2.30%, 03/15/31 (a) | 1,175,000 | 995,742 |
Avangrid, Inc. | ||
3.80%, 06/01/29 (a) | 2,425,000 | 2,286,221 |
Baltimore Gas & Electric Co. | ||
2.25%, 06/15/31 (a) | 1,925,000 | 1,644,971 |
Berkshire Hathaway Energy Co. | ||
3.70%, 07/15/30 (a) | 3,155,000 | 2,989,796 |
1.65%, 05/15/31 (a) | 1,868,000 | 1,501,462 |
Black Hills Corp. | ||
3.05%, 10/15/29 (a) | 1,355,000 | 1,219,699 |
2.50%, 06/15/30 (a) | 1,280,000 | 1,079,773 |
4.35%, 05/01/33 (a) | 1,320,000 | 1,224,961 |
CenterPoint Energy Houston Electric LLC | ||
2.35%, 04/01/31 (a) | 1,575,000 | 1,360,753 |
3.00%, 03/01/32 (a) | 900,000 | 798,148 |
4.45%, 10/01/32 (a) | 1,510,000 | 1,485,216 |
6.95%, 03/15/33 | 950,000 | 1,101,916 |
4.95%, 04/01/33 (a) | 1,740,000 | 1,777,235 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CenterPoint Energy, Inc. | ||
2.95%, 03/01/30 (a) | 1,380,000 | 1,226,609 |
2.65%, 06/01/31 (a) | 1,450,000 | 1,242,645 |
CMS Energy Corp. | ||
4.75%, 06/01/50 (a)(b) | 1,645,000 | 1,491,222 |
3.75%, 12/01/50 (a)(b) | 1,125,000 | 900,060 |
Commonwealth Edison Co. | ||
2.20%, 03/01/30 (a) | 1,100,000 | 953,550 |
3.15%, 03/15/32 (a) | 1,010,000 | 903,332 |
4.90%, 02/01/33 (a) | 1,300,000 | 1,324,887 |
Connecticut Light & Power Co. | ||
2.05%, 07/01/31 (a) | 1,555,000 | 1,295,619 |
4.90%, 07/01/33 (a) | 975,000 | 990,585 |
Consolidated Edison Co. of New York, Inc. | ||
3.35%, 04/01/30 (a) | 1,995,000 | 1,865,576 |
2.40%, 06/15/31 (a) | 2,805,000 | 2,428,698 |
5.20%, 03/01/33 (a) | 1,505,000 | 1,561,353 |
Constellation Energy Generation LLC | ||
5.80%, 03/01/33 (a) | 1,960,000 | 2,067,296 |
Consumers Energy Co. | ||
4.90%, 02/15/29 (a) | 1,600,000 | 1,633,318 |
3.60%, 08/15/32 (a) | 1,245,000 | 1,155,526 |
4.63%, 05/15/33 (a) | 2,179,000 | 2,180,797 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 1,380,000 | 1,160,170 |
6.63%, 02/01/32 | 850,000 | 965,339 |
5.30%, 05/15/33 | 1,000,000 | 1,038,685 |
Dominion Energy, Inc. | ||
3.38%, 04/01/30 (a) | 4,735,000 | 4,368,591 |
2.25%, 08/15/31 (a) | 2,690,000 | 2,229,034 |
4.35%, 08/15/32 (a) | 1,395,000 | 1,349,163 |
5.38%, 11/15/32 (a) | 2,650,000 | 2,719,947 |
6.30%, 03/15/33 | 1,100,000 | 1,182,039 |
5.25%, 08/01/33 | 1,615,000 | 1,642,309 |
DTE Electric Co. | ||
2.25%, 03/01/30 (a) | 1,881,000 | 1,651,889 |
2.63%, 03/01/31 (a) | 1,900,000 | 1,670,782 |
3.00%, 03/01/32 (a) | 1,605,000 | 1,426,569 |
5.20%, 04/01/33 (a) | 1,900,000 | 1,978,741 |
DTE Energy Co. | ||
3.40%, 06/15/29 (a) | 1,515,000 | 1,416,982 |
2.95%, 03/01/30 (a) | 1,025,000 | 909,911 |
Duke Energy Carolinas LLC | ||
2.45%, 08/15/29 (a) | 1,395,000 | 1,246,636 |
2.45%, 02/01/30 (a) | 1,600,000 | 1,426,306 |
2.55%, 04/15/31 (a) | 1,625,000 | 1,414,912 |
2.85%, 03/15/32 (a) | 1,800,000 | 1,575,527 |
6.45%, 10/15/32 | 1,180,000 | 1,305,350 |
4.95%, 01/15/33 (a) | 4,025,000 | 4,106,496 |
Duke Energy Corp. | ||
3.40%, 06/15/29 (a) | 1,885,000 | 1,774,613 |
2.45%, 06/01/30 (a) | 2,695,000 | 2,357,358 |
2.55%, 06/15/31 (a) | 3,269,000 | 2,794,167 |
4.50%, 08/15/32 (a) | 3,500,000 | 3,393,908 |
5.75%, 09/15/33 (a) | 1,975,000 | 2,093,049 |
Duke Energy Florida LLC | ||
2.50%, 12/01/29 (a) | 2,298,000 | 2,052,310 |
1.75%, 06/15/30 (a) | 1,550,000 | 1,296,631 |
2.40%, 12/15/31 (a) | 2,140,000 | 1,812,321 |
5.88%, 11/15/33 (a) | 2,000,000 | 2,160,684 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 1,210,000 | 1,168,510 |
2.13%, 06/01/30 (a) | 1,340,000 | 1,141,311 |
5.25%, 04/01/33 (a) | 1,340,000 | 1,384,316 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Duke Energy Progress LLC | ||
3.45%, 03/15/29 (a) | 1,835,000 | 1,752,102 |
2.00%, 08/15/31 (a) | 2,105,000 | 1,743,438 |
3.40%, 04/01/32 (a) | 1,600,000 | 1,451,856 |
5.25%, 03/15/33 (a) | 1,650,000 | 1,707,943 |
Edison International | ||
6.95%, 11/15/29 (a) | 1,775,000 | 1,931,388 |
Emera U.S. Finance LP | ||
2.64%, 06/15/31 (a) | 1,370,000 | 1,125,982 |
Entergy Arkansas LLC | ||
5.15%, 01/15/33 (a) | 1,293,000 | 1,323,735 |
5.30%, 09/15/33 (a) | 900,000 | 927,867 |
Entergy Corp. | ||
2.80%, 06/15/30 (a) | 1,905,000 | 1,682,731 |
2.40%, 06/15/31 (a) | 1,920,000 | 1,608,101 |
Entergy Louisiana LLC | ||
1.60%, 12/15/30 (a) | 1,125,000 | 903,321 |
3.05%, 06/01/31 (a) | 1,175,000 | 1,040,288 |
2.35%, 06/15/32 (a) | 1,572,000 | 1,309,061 |
4.00%, 03/15/33 (a) | 2,410,000 | 2,252,238 |
Entergy Mississippi LLC | ||
5.00%, 09/01/33 (a) | 900,000 | 908,229 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 893,000 | 869,344 |
1.75%, 03/15/31 (a) | 2,022,000 | 1,656,501 |
Evergy Kansas Central, Inc. | ||
5.90%, 11/15/33 (a) | 955,000 | 1,023,376 |
Evergy Metro, Inc. | ||
2.25%, 06/01/30 (a) | 1,325,000 | 1,130,963 |
4.95%, 04/15/33 (a) | 950,000 | 950,794 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 2,581,000 | 2,340,115 |
Eversource Energy | ||
5.95%, 02/01/29 (a) | 2,300,000 | 2,414,519 |
4.25%, 04/01/29 (a) | 1,520,000 | 1,479,762 |
1.65%, 08/15/30 (a) | 1,975,000 | 1,609,552 |
2.55%, 03/15/31 (a) | 1,150,000 | 976,395 |
3.38%, 03/01/32 (a) | 2,025,000 | 1,796,887 |
5.13%, 05/15/33 (a) | 2,400,000 | 2,415,044 |
Exelon Corp. | ||
4.05%, 04/15/30 (a) | 3,940,000 | 3,766,471 |
3.35%, 03/15/32 (a) | 2,115,000 | 1,898,023 |
5.30%, 03/15/33 (a) | 2,425,000 | 2,478,502 |
Florida Power & Light Co. | ||
4.63%, 05/15/30 (a) | 1,560,000 | 1,576,330 |
2.45%, 02/03/32 (a) | 4,775,000 | 4,108,036 |
5.10%, 04/01/33 (a) | 2,435,000 | 2,517,086 |
4.80%, 05/15/33 (a) | 2,345,000 | 2,372,734 |
Georgia Power Co. | ||
2.65%, 09/15/29 (a) | 2,145,000 | 1,948,196 |
4.70%, 05/15/32 (a) | 2,050,000 | 2,045,948 |
4.95%, 05/17/33 (a) | 3,131,000 | 3,167,470 |
Interstate Power & Light Co. | ||
3.60%, 04/01/29 (a) | 975,000 | 928,125 |
2.30%, 06/01/30 (a) | 1,200,000 | 1,030,015 |
5.70%, 10/15/33 (a) | 925,000 | 974,729 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 1,500,000 | 1,391,879 |
Kentucky Utilities Co. | ||
5.45%, 04/15/33 (a) | 1,000,000 | 1,041,315 |
Louisville Gas & Electric Co. | ||
5.45%, 04/15/33 (a) | 1,385,000 | 1,445,710 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 2,790,000 | 2,668,675 |
6.75%, 12/30/31 | 1,175,000 | 1,340,752 |
National Grid PLC | ||
5.81%, 06/12/33 (a) | 2,540,000 | 2,676,475 |
National Rural Utilities Cooperative Finance Corp. | ||
3.70%, 03/15/29 (a) | 1,425,000 | 1,356,750 |
2.40%, 03/15/30 (a) | 1,545,000 | 1,343,874 |
1.35%, 03/15/31 (a) | 1,250,000 | 984,414 |
1.65%, 06/15/31 (a) | 1,300,000 | 1,040,185 |
8.00%, 03/01/32 | 1,405,000 | 1,685,416 |
2.75%, 04/15/32 (a) | 1,825,000 | 1,555,962 |
4.02%, 11/01/32 (a) | 1,900,000 | 1,787,578 |
4.15%, 12/15/32 (a) | 1,350,000 | 1,285,413 |
5.80%, 01/15/33 (a) | 1,807,000 | 1,920,299 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 1,675,000 | 1,612,951 |
2.40%, 05/01/30 (a) | 1,285,000 | 1,117,224 |
NextEra Energy Capital Holdings, Inc. | ||
3.50%, 04/01/29 (a) | 1,525,000 | 1,444,839 |
2.75%, 11/01/29 (a) | 3,265,000 | 2,934,166 |
5.00%, 02/28/30 (a) | 2,007,000 | 2,031,656 |
2.25%, 06/01/30 (a) | 6,452,000 | 5,523,957 |
2.44%, 01/15/32 (a) | 3,210,000 | 2,694,648 |
5.00%, 07/15/32 (a) | 3,205,000 | 3,235,611 |
5.05%, 02/28/33 (a) | 3,100,000 | 3,118,245 |
5.65%, 05/01/79 (a)(b) | 1,525,000 | 1,430,383 |
Northern States Power Co. | ||
2.25%, 04/01/31 (a) | 1,325,000 | 1,140,715 |
NSTAR Electric Co. | ||
3.25%, 05/15/29 (a) | 1,283,000 | 1,209,490 |
3.95%, 04/01/30 (a) | 1,480,000 | 1,417,676 |
1.95%, 08/15/31 (a) | 930,000 | 764,318 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 1,115,000 | 980,318 |
1.63%, 01/15/31 (a) | 1,420,000 | 1,152,434 |
5.00%, 06/01/33 (a) | 1,072,000 | 1,081,351 |
Oklahoma Gas & Electric Co. | ||
3.30%, 03/15/30 (a) | 980,000 | 899,305 |
3.25%, 04/01/30 (a) | 975,000 | 892,725 |
5.40%, 01/15/33 (a) | 1,390,000 | 1,457,784 |
Oncor Electric Delivery Co. LLC | ||
5.75%, 03/15/29 (a) | 1,025,000 | 1,083,744 |
2.75%, 05/15/30 (a) | 2,050,000 | 1,846,181 |
7.00%, 05/01/32 | 1,510,000 | 1,735,036 |
4.15%, 06/01/32 (a) | 1,400,000 | 1,352,546 |
4.55%, 09/15/32 (a) | 2,475,000 | 2,455,904 |
7.25%, 01/15/33 | 990,000 | 1,157,997 |
5.65%, 11/15/33 (a)(e) | 2,300,000 | 2,456,998 |
Pacific Gas & Electric Co. | ||
6.10%, 01/15/29 (a) | 2,600,000 | 2,693,048 |
4.20%, 03/01/29 (a) | 1,375,000 | 1,304,259 |
4.55%, 07/01/30 (a) | 9,871,000 | 9,415,135 |
2.50%, 02/01/31 (a) | 6,570,000 | 5,434,981 |
3.25%, 06/01/31 (a) | 3,210,000 | 2,785,595 |
4.40%, 03/01/32 (a) | 1,235,000 | 1,146,080 |
5.90%, 06/15/32 (a) | 1,910,000 | 1,945,244 |
6.15%, 01/15/33 (a) | 2,505,000 | 2,602,134 |
6.40%, 06/15/33 (a) | 3,655,000 | 3,849,630 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 1,245,000 | 1,170,502 |
2.70%, 09/15/30 (a) | 1,340,000 | 1,162,183 |
7.70%, 11/15/31 | 1,050,000 | 1,230,309 |
PECO Energy Co. | ||
4.90%, 06/15/33 (a) | 1,914,000 | 1,949,998 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
PPL Capital Funding, Inc. | ||
4.13%, 04/15/30 (a) | 1,300,000 | 1,239,428 |
PPL Electric Utilities Corp. | ||
5.00%, 05/15/33 (a) | 2,160,000 | 2,215,572 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 2,225,000 | 2,572,948 |
7.00%, 10/30/31 | 1,150,000 | 1,301,596 |
Public Service Co. of Colorado | ||
1.90%, 01/15/31 (a) | 1,325,000 | 1,101,626 |
1.88%, 06/15/31 (a) | 2,350,000 | 1,942,728 |
4.10%, 06/01/32 (a) | 825,000 | 791,753 |
Public Service Co. of New Hampshire | ||
2.20%, 06/15/31 (a) | 1,135,000 | 959,177 |
5.35%, 10/01/33 (a) | 1,075,000 | 1,128,708 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 1,240,000 | 1,027,583 |
5.25%, 01/15/33 (a) | 1,650,000 | 1,666,914 |
Public Service Electric & Gas Co. | ||
3.20%, 05/15/29 (a) | 1,150,000 | 1,079,000 |
2.45%, 01/15/30 (a) | 990,000 | 876,977 |
1.90%, 08/15/31 (a) | 1,375,000 | 1,129,772 |
3.10%, 03/15/32 (a) | 1,500,000 | 1,345,380 |
4.90%, 12/15/32 (a) | 1,375,000 | 1,399,727 |
4.65%, 03/15/33 (a) | 1,600,000 | 1,600,917 |
5.20%, 08/01/33 (a) | 1,575,000 | 1,645,910 |
Public Service Enterprise Group, Inc. | ||
1.60%, 08/15/30 (a) | 1,675,000 | 1,374,995 |
2.45%, 11/15/31 (a) | 2,500,000 | 2,104,308 |
6.13%, 10/15/33 (a) | 1,250,000 | 1,345,733 |
Puget Energy, Inc. | ||
4.10%, 06/15/30 (a) | 1,700,000 | 1,563,094 |
4.22%, 03/15/32 (a) | 1,465,000 | 1,328,700 |
San Diego Gas & Electric Co. | ||
1.70%, 10/01/30 (a) | 2,435,000 | 2,018,474 |
3.00%, 03/15/32 (a) | 1,665,000 | 1,480,890 |
Southern California Edison Co. | ||
4.20%, 03/01/29 (a) | 1,585,000 | 1,555,839 |
6.65%, 04/01/29 | 985,000 | 1,051,802 |
2.85%, 08/01/29 (a) | 1,745,000 | 1,594,898 |
2.25%, 06/01/30 (a) | 1,690,000 | 1,454,112 |
2.50%, 06/01/31 (a) | 1,455,000 | 1,252,719 |
2.75%, 02/01/32 (a) | 1,620,000 | 1,408,329 |
5.95%, 11/01/32 (a) | 2,160,000 | 2,322,933 |
Southern Co. | ||
5.50%, 03/15/29 (a) | 1,800,000 | 1,873,984 |
3.70%, 04/30/30 (a) | 3,375,000 | 3,185,120 |
5.70%, 10/15/32 (a) | 1,495,000 | 1,575,867 |
5.20%, 06/15/33 (a) | 2,235,000 | 2,281,374 |
Southwestern Electric Power Co. | ||
5.30%, 04/01/33 (a) | 1,225,000 | 1,229,257 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 1,285,000 | 1,087,906 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 1,050,000 | 860,950 |
3.25%, 05/15/32 (a) | 810,000 | 724,996 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 1,325,000 | 1,257,298 |
2.95%, 03/15/30 (a) | 1,400,000 | 1,265,875 |
2.15%, 03/15/32 (a) | 1,745,000 | 1,452,077 |
Virginia Electric & Power Co. | ||
2.88%, 07/15/29 (a) | 1,650,000 | 1,519,084 |
2.30%, 11/15/31 (a) | 1,600,000 | 1,349,706 |
2.40%, 03/30/32 (a) | 1,825,000 | 1,545,489 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.00%, 04/01/33 (a) | 2,375,000 | 2,407,704 |
5.30%, 08/15/33 (a) | 1,260,000 | 1,303,938 |
WEC Energy Group, Inc. | ||
1.80%, 10/15/30 (a) | 1,350,000 | 1,103,918 |
Wisconsin Electric Power Co. | ||
4.75%, 09/30/32 (a) | 1,540,000 | 1,560,858 |
5.63%, 05/15/33 | 1,100,000 | 1,191,710 |
Wisconsin Power & Light Co. | ||
3.00%, 07/01/29 (a) | 1,200,000 | 1,116,651 |
1.95%, 09/16/31 (a) | 1,025,000 | 833,246 |
3.95%, 09/01/32 (a) | 1,800,000 | 1,706,410 |
4.95%, 04/01/33 (a) | 1,020,000 | 1,023,784 |
Xcel Energy, Inc. | ||
2.60%, 12/01/29 (a) | 1,500,000 | 1,344,233 |
3.40%, 06/01/30 (a) | 1,980,000 | 1,830,055 |
2.35%, 11/15/31 (a) | 1,075,000 | 892,389 |
4.60%, 06/01/32 (a) | 2,105,000 | 2,057,945 |
5.45%, 08/15/33 (a) | 2,650,000 | 2,737,093 |
408,718,003 | ||
Natural Gas 0.7% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 1,700,000 | 1,549,770 |
1.50%, 01/15/31 (a) | 1,765,000 | 1,440,186 |
5.45%, 10/15/32 (a) | 975,000 | 1,031,375 |
5.90%, 11/15/33 (a) | 1,300,000 | 1,413,348 |
CenterPoint Energy Resources Corp. | ||
1.75%, 10/01/30 (a) | 1,625,000 | 1,358,619 |
4.40%, 07/01/32 (a) | 1,600,000 | 1,557,165 |
5.40%, 03/01/33 (a) | 1,980,000 | 2,068,332 |
NiSource, Inc. | ||
2.95%, 09/01/29 (a) | 2,340,000 | 2,141,171 |
3.60%, 05/01/30 (a) | 3,215,000 | 3,003,385 |
1.70%, 02/15/31 (a) | 2,340,000 | 1,906,749 |
5.40%, 06/30/33 (a) | 1,435,000 | 1,482,636 |
ONE Gas, Inc. | ||
5.10%, 04/01/29 (a) | 975,000 | 994,668 |
2.00%, 05/15/30 (a) | 900,000 | 767,020 |
4.25%, 09/01/32 (a) | 850,000 | 815,929 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 2,000,000 | 1,873,706 |
2.50%, 03/15/31 (a) | 1,259,000 | 1,077,052 |
5.40%, 06/15/33 (a) | 875,000 | 902,826 |
Sempra | ||
3.70%, 04/01/29 (a) | 1,540,000 | 1,469,954 |
5.50%, 08/01/33 (a) | 2,260,000 | 2,345,999 |
Southern California Gas Co. | ||
2.55%, 02/01/30 (a) | 2,165,000 | 1,908,064 |
5.20%, 06/01/33 (a) | 1,520,000 | 1,566,633 |
Southern Co. Gas Capital Corp. | ||
1.75%, 01/15/31 (a) | 1,700,000 | 1,390,570 |
5.15%, 09/15/32 (a) | 1,560,000 | 1,582,963 |
5.75%, 09/15/33 (a) | 1,625,000 | 1,708,891 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 1,575,000 | 1,343,910 |
4.05%, 03/15/32 (a) | 1,905,000 | 1,791,484 |
Spire Missouri, Inc. | ||
4.80%, 02/15/33 (a) | 1,270,000 | 1,273,446 |
41,765,851 | ||
Utility Other 0.2% | ||
American Water Capital Corp. | ||
3.45%, 06/01/29 (a) | 1,775,000 | 1,678,896 |
2.80%, 05/01/30 (a) | 1,565,000 | 1,405,563 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.30%, 06/01/31 (a) | 1,750,000 | 1,497,284 |
4.45%, 06/01/32 (a) | 2,650,000 | 2,636,871 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 1,290,000 | 1,208,742 |
2.70%, 04/15/30 (a) | 1,825,000 | 1,600,462 |
2.40%, 05/01/31 (a) | 1,060,000 | 888,189 |
10,916,007 | ||
461,399,861 | ||
Total Corporates (Cost $5,594,006,875) | 5,698,379,159 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 1.0% OF NET ASSETS | ||
Money Market Funds 1.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (g) | 8,547,447 | 8,547,447 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.32% (g)(h) | 48,174,753 | 48,174,753 |
56,722,200 | ||
Total Short-Term Investments (Cost $56,722,200) | 56,722,200 | |
Total Investments in Securities (Cost $5,650,729,075) | 5,755,101,359 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION (DEPRECIATION) ($) | |
FUTURES CONTRACTS | |||
Long | |||
5 Year US Treasury Notes (CBOT), expires 03/28/24 | 47 | 5,112,352 | 32,428 |
Short | |||
10 Year US Treasury Notes (CBOT), expires 03/19/24 | (25 ) | (2,822,266 ) | (10,585 ) |
10 Year US Treasury Notes Ultra Futures, expires 03/19/24 | (9 ) | (1,062,141 ) | (4,435 ) |
(15,020 ) | |||
Total Net Unrealized Appreciation on Futures Contracts | 17,408 |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(c) | All or a portion of this security is on loan. Securities on loan were valued at $45,357,774. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | 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 $59,115,186 or 1.0% of net assets. |
(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. |
CBOT — | Chicago Board of Trade |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 12/31/23 | FACE AMOUNT AT 12/31/23 | INTEREST INCOME EARNED |
CORPORATES 0.4% OF NET ASSETS | |||||||||
Financial Institutions 0.4% | |||||||||
Brokerage/Asset Managers/Exchanges 0.4% | |||||||||
Charles Schwab Corp. | |||||||||
3.20%, 01/25/28 | $93,366 | $— | ($95,403 ) | ($11,008 ) | $13,159 | ($114 ) | $— | $— | $275 |
2.00%, 03/20/28 | 219,822 | — | (215,029 ) | (31,647 ) | 26,718 | 136 | — | — | 1,292 |
4.00%, 02/01/29 | 95,256 | 1,703,282 | (23,278 ) | (362 ) | 31,147 | 7,116 | 1,813,161 | 1,865,000 | 53,786 |
3.25%, 05/22/29 | 95,357 | 1,650,477 | (87,606 ) | (1,636 ) | 66,362 | 17,928 | 1,740,882 | 1,855,000 | 43,833 |
2.75%, 10/01/29 | 65,514 | 1,141,707 | — | — | 38,601 | 16,514 | 1,262,336 | 1,400,000 | 27,748 |
4.63%, 03/22/30 | 73,735 | 1,530,287 | (120,539 ) | 677 | 65,445 | 4,190 | 1,553,795 | 1,545,000 | 51,256 |
1.65%, 03/11/31 | 97,482 | 1,670,081 | (19,241 ) | (127 ) | 50,562 | 38,304 | 1,837,061 | 2,275,000 | 27,871 |
2.30%, 05/13/31 | 102,387 | 1,765,725 | (19,813 ) | (214 ) | 41,135 | 30,392 | 1,919,612 | 2,295,000 | 38,494 |
1.95%, 12/01/31 | 125,647 | 1,955,687 | (94,372 ) | (2,178 ) | 49,977 | 38,804 | 2,073,565 | 2,575,000 | 37,297 |
2.90%, 03/03/32 | 165,959 | 2,491,361 | (101,883 ) | (1,969 ) | 65,566 | 31,981 | 2,651,015 | 3,070,000 | 65,315 |
5.85%, 05/19/34 | — | 4,210,006 | (73,527 ) | (106 ) | 99,813 | (1,866 ) | 4,234,320 | 4,100,000 | 121,153 |
6.14%, 08/24/34 | — | 4,257,558 | — | — | 249,226 | 97 | 4,506,881 | 4,265,000 | 79,430 |
Total | $1,134,525 | $22,376,171 | ($850,691 ) | ($48,570 ) | $797,711 | $183,482 | $23,592,628 | $547,750 |
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 | $— | $5,698,379,159 | $— | $5,698,379,159 |
Short-Term Investments1 | 56,722,200 | — | — | 56,722,200 |
Futures Contracts2 | 32,428 | — | — | 32,428 |
Liabilities | ||||
Futures Contracts2 | (15,020 ) | — | — | (15,020 ) |
Total | $56,739,608 | $5,698,379,159 | $— | $5,755,118,767 |
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 $22,978,854) | $23,592,628 | |
Investments in securities, at value - unaffiliated (cost $5,627,750,221) including securities on loan of $45,357,774 | 5,731,508,731 | |
Deposit with broker for futures contracts | 1,697,025 | |
Receivables: | ||
Investments sold | 65,038,800 | |
Interest | 63,156,336 | |
Fund shares sold | 4,498,462 | |
Income from securities on loan | 81,015 | |
Dividends | 48,332 | |
Variation margin on future contracts | + | 7,918 |
Total assets | 5,889,629,247 | |
Liabilities | ||
Collateral held for securities on loan | 48,174,753 | |
Payables: | ||
Investments bought | 78,823,966 | |
Management fees | + | 143,223 |
Total liabilities | 127,141,942 | |
Net assets | $5,762,487,305 | |
Net Assets by Source | ||
Capital received from investors | $5,696,770,209 | |
Total distributable earnings | + | 65,717,096 |
Net assets | $5,762,487,305 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,762,487,305 | 128,100,000 | $44.98 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $200,604,936 | |
Interest received from securities - affiliated | 731,232 | |
Dividends received from securities - unaffiliated | 419,919 | |
Securities on loan, net | + | 450,058 |
Total investment income | 202,206,145 | |
Expenses | ||
Management fees | 1,193,990 | |
Total expenses | – | 1,193,990 |
Net investment income | 201,012,155 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (42,655 ) | |
Net realized losses on sales of securities - unaffiliated | (32,739,611 ) | |
Net realized losses on sales of in-kind redemptions - affiliated | (5,915 ) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (5,198,451 ) | |
Net realized losses on futures contracts | + | (946,731 ) |
Net realized losses | (38,933,363 ) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | 797,711 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | 154,598,744 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 17,408 |
Net change in unrealized appreciation (depreciation) | + | 155,413,863 |
Net realized and unrealized gains | 116,480,500 | |
Increase in net assets resulting from operations | $317,492,655 |
OPERATIONS | |||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||
Net investment income | $201,012,155 | $11,600,575 | |
Net realized losses | (38,933,363 ) | (20,699,949 ) | |
Net change in unrealized appreciation (depreciation) | + | 155,413,863 | (46,734,908 ) |
Increase (decrease) in net assets resulting from operations | $317,492,655 | ($55,834,282 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($200,670,060 ) | ($11,666,820 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 128,200,000 | $5,648,599,785 | 5,450,000 | $246,351,970 | |
Shares redeemed | + | (7,700,000 ) | (331,211,516 ) | (5,100,000 ) | (225,629,306 ) |
Net transactions in fund shares | 120,500,000 | $5,317,388,269 | 350,000 | $20,722,664 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 1/1/22-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 7,600,000 | $328,276,441 | 7,250,000 | $375,054,879 | |
Total increase (decrease) | + | 120,500,000 | 5,434,210,864 | 350,000 | (46,778,438 ) |
End of period | 128,100,000 | $5,762,487,305 | 7,600,000 | $328,276,441 |
SCHWAB STRATEGIC TRUST | |
Schwab U.S. TIPS ETF | Schwab High Yield Bond 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 U.S. Dividend Equity 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 |
0.03 %* | 0.03 % | 0.03 % | 0.03 % | 0.03 % | 0.03 % | 0.03 % |
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 | — % | — % | 0.8 % | — % | — % | 0.0 %* |
Schwab Monthly Income Fund - Income Payout | — % | — % | 0.6 % | — % | 1.3 % | 0.1 % |
Schwab Monthly Income Fund - Target Payout | — % | — % | 0.4 % | — % | — % | 0.0 %* |
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 % | 0.1 % | — % | 1.5 % | — % | — % |
Schwab Target 2025 Index Fund | 0.2 % | 0.2 % | — % | 2.7 % | — % | — % |
Schwab Target 2030 Index Fund | 0.1 % | 0.2 % | — % | 4.0 % | — % | — % |
Schwab Target 2035 Index Fund | — % | 0.1 % | — % | 2.2 % | — % | — % |
Schwab Target 2040 Index Fund | — % | 0.0 %* | — % | 2.0 % | — % | — % |
Schwab Target 2045 Index Fund | — % | 0.0 %* | — % | 0.8 % | — % | — % |
Schwab Target 2050 Index Fund | — % | — % | — % | 0.7 % | — % | — % |
Schwab Target 2055 Index Fund | — % | — % | — % | 0.3 % | — % | — % |
Schwab Target 2060 Index Fund | — % | — % | — % | 0.3 % | — % | — % |
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:
INTEREST RATE CONTRACTS | TOTAL | |
Asset Derivatives | ||
Schwab 5-10 Year Corporate Bond ETF | ||
Futures Contracts1 | $32,428 | $32,428 |
1 | Includes cumulative unrealized appreciation of futures contracts as reported in the fund’s Portfolio Holdings. Only current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities. |
Liability Derivatives | ||
Schwab 5-10 Year Corporate Bond ETF | ||
Futures Contracts1 | ($15,020 ) | ($15,020 ) |
1 | Includes cumulative unrealized depreciation of futures contracts as reported in the fund’s Portfolio Holdings. Only current day’s variation margin on futures contracts is reported within the Statement of Assets and Liabilities. |
INTEREST RATE CONTRACTS | TOTAL | |
Net Realized Gains (Losses) | ||
Schwab 1-5 Year Corporate Bond ETF | ||
Futures Contracts1 | ($1,147 ) | ($1,147 ) |
Schwab 5-10 Year Corporate Bond ETF | ||
Futures Contracts1 | (946,731 ) | (946,731 ) |
1 | Statement of Operations location: Net realized gains (losses) on futures contracts. |
Net Change in Unrealized Appreciation (Depreciation) | ||
Schwab 1-5 Year Corporate Bond ETF | ||
Futures Contracts1 | ($77 ) | ($77 ) |
Schwab 5-10 Year Corporate Bond ETF | ||
Futures Contracts1 | 17,408 | 17,408 |
1 | Statement of Operations location: Net change in unrealized appreciation (depreciation) on futures contracts. |
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 | 593,353 | 6 |
Schwab 5-10 Year Corporate Bond ETF | 19,497,934 | 176 |
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 | $3,179,831,589 | $— | $3,179,831,589 |
Schwab Short-Term U.S. Treasury ETF | 10,251,245,583 | — | 10,251,245,583 |
Schwab Intermediate-Term U.S. Treasury ETF | 4,131,746,110 | — | 4,131,746,110 |
Schwab Long-Term U.S. Treasury ETF | 166,362,556 | — | 166,362,556 |
Schwab U.S. Aggregate Bond ETF | 4,483,315,820 | 256,320,089 | 4,739,635,909 |
Schwab 1-5 Year Corporate Bond ETF | — | 109,251,950 | 109,251,950 |
Schwab 5-10 Year Corporate Bond ETF | — | 966,796,471 | 966,796,471 |
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 | $3,523,654,821 | $— | $3,523,654,821 |
Schwab Short-Term U.S. Treasury ETF | 10,473,394,560 | — | 10,473,394,560 |
Schwab Intermediate-Term U.S. Treasury ETF | 4,147,347,329 | — | 4,147,347,329 |
Schwab Long-Term U.S. Treasury ETF | 120,421,909 | — | 120,421,909 |
Schwab U.S. Aggregate Bond ETF | 4,192,355,906 | 255,967,677 | 4,448,323,583 |
Schwab 1-5 Year Corporate Bond ETF | — | 102,962,813 | 102,962,813 |
Schwab 5-10 Year Corporate Bond ETF | — | 994,543,600 | 994,543,600 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES | |
Schwab U.S. TIPS ETF | $3,899,317,458 | $6,381,483,168 |
Schwab Short-Term U.S. Treasury ETF | 5,830,923,297 | 4,199,738,780 |
Schwab Intermediate-Term U.S. Treasury ETF | 4,516,914,228 | 4,327,071,221 |
Schwab Long-Term U.S. Treasury ETF | 457,529,091 | 85,815,437 |
Schwab U.S. Aggregate Bond ETF | 545,434,760 | 239,092,203 |
Schwab 1-5 Year Corporate Bond ETF | 67,949,329 | 65,577,292 |
Schwab 5-10 Year Corporate Bond ETF | 5,573,361,792 | 326,568,595 |
11. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab U.S. TIPS ETF | $12,659,354,756 | $14,922,326 | ($1,289,851,108 ) | ($1,274,928,782 ) |
Schwab Short-Term U.S. Treasury ETF | 11,820,054,713 | 54,493,494 | (43,715,018 ) | 10,778,476 |
Schwab Intermediate-Term U.S. Treasury ETF | 7,947,875,176 | 42,090,348 | (164,437,336 ) | (122,346,988 ) |
Schwab Long-Term U.S. Treasury ETF | 620,648,733 | 13,907,295 | (19,172,499 ) | (5,265,204 ) |
Schwab U.S. Aggregate Bond ETF | 8,287,486,150 | 33,547,496 | (544,395,095 ) | (510,847,599 ) |
Schwab 1-5 Year Corporate Bond ETF | 394,512,326 | 2,992,167 | (11,243,891 ) | (8,251,724 ) |
Schwab 5-10 Year Corporate Bond ETF | 5,650,847,798 | 109,544,537 | (5,273,568 ) | 104,270,969 |
UNDISTRIBUTED ORDINARY INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL | |
Schwab U.S. TIPS ETF | $3,096,191 | ($1,274,928,782 ) | ($849,125,626 ) | ($2,120,958,217 ) |
Schwab Short-Term U.S. Treasury ETF | — | 10,778,476 | (497,118,412 ) | (486,339,936 ) |
Schwab Intermediate-Term U.S. Treasury ETF | 160,861 | (122,346,988 ) | (590,220,469 ) | (712,406,596 ) |
Schwab Long-Term U.S. Treasury ETF | 53,807 | (5,265,204 ) | (19,080,638 ) | (24,292,035 ) |
Schwab U.S. Aggregate Bond ETF | 684,052 | (510,847,599 ) | (451,180,968 ) | (961,344,515 ) |
Schwab 1-5 Year Corporate Bond ETF | 82,989 | (8,251,724 ) | (6,711,849 ) | (14,880,584 ) |
Schwab 5-10 Year Corporate Bond ETF | 342,095 | 104,270,969 | (38,895,968 ) | 65,717,096 |
Schwab U.S. TIPS ETF | $849,125,626 |
Schwab Short-Term U.S. Treasury ETF | 497,118,412 |
Schwab Intermediate-Term U.S. Treasury ETF | 590,220,469 |
Schwab Long-Term U.S. Treasury ETF | 19,080,638 |
Schwab U.S. Aggregate Bond ETF | 451,180,968 |
Schwab 1-5 Year Corporate Bond ETF | 6,711,849 |
Schwab 5-10 Year Corporate Bond ETF | 38,895,968 |
CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | ORDINARY INCOME | |
Schwab U.S. TIPS ETF | $357,550,940 | $1,069,955,140 |
Schwab Short-Term U.S. Treasury ETF | 486,218,420 | 125,786,895 |
Schwab Intermediate-Term U.S. Treasury ETF | 238,302,970 | 140,863,160 |
Schwab Long-Term U.S. Treasury ETF | 13,873,040 | 2,856,565 |
Schwab U.S. Aggregate Bond ETF | 236,337,780 | 185,912,810 |
Schwab 1-5 Year Corporate Bond ETF | 11,400,855 | 6,101,610 |
Schwab 5-10 Year Corporate Bond ETF | 200,670,060 | 11,666,820 |
12. Subsequent Events:
Denver, Colorado
February 16, 2024
Schwab U.S. TIPS ETF | 100.00 % |
Schwab Short-Term U.S. Treasury ETF | 99.96 % |
Schwab Intermediate-Term U.S. Treasury ETF | 100.00 % |
Schwab Long-Term U.S. Treasury ETF | 100.00 % |
Schwab U.S. Aggregate Bond ETF | 92.33 % |
Schwab 1-5 Year Corporate Bond ETF | 78.90 % |
Schwab 5-10 Year Corporate Bond ETF | 84.24 % |
Schwab U.S. TIPS ETF | 100.00 % |
Schwab Short-Term U.S. Treasury ETF | 99.96 % |
Schwab Intermediate-Term U.S. Treasury ETF | 100.00 % |
Schwab Long-Term U.S. Treasury ETF | 100.00 % |
Schwab U.S. Aggregate Bond ETF | 99.47 % |
Schwab 1-5 Year Corporate Bond ETF | 100.00 % |
Schwab 5-10 Year Corporate Bond ETF | 99.95 % |
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). | 106 | 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. | 106 | 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. | 106 | 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. | 106 | 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). | 106 | 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). | 106 | 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). | 106 | 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.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and 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.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | 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. | 106 | 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 |
Omar Aguilar 1970 Chief Executive Officer, 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), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
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), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), 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; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 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 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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) | Managing Director (Mar. 2023 – present), Senior Vice President (Jan. 2020 – Mar. 2023) 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), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 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. |
Index ETF
Printed on recycled paper.
No Action Required – Notice Regarding Shareholder Report Delivery |
Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
• If you already receive the full shareholder reports, you will receive the streamlined shareholder reports in the same way that you currently receive the full shareholder reports (either in paper or electronically). |
• If you currently receive a notification when a shareholder report is available on a fund’s website, beginning July 24, 2024, you will begin to receive the streamlined shareholder report (in paper). |
2 | |
3 | |
5 | |
6 | |
8 | |
9 | |
56 | |
64 | |
65 | |
66 | |
67 | |
70 |
Total Returns for the 12 Months Ended December 31, 2023 | |
Schwab Municipal Bond ETF (Ticker Symbol: SCMB) | |
Market Price Return1 | 5.86% |
NAV Return1 | 5.87% |
ICE AMT-Free Core U.S. National Municipal Index | 6.20% |
ETF Category: Morningstar Muni National Interm2 | 5.61% |
Performance Details | pages 6-7 |
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).Mr. Diefenthaler also leads the portfolio management team for the Wasmer SchroederTM Municipal Bond Strategies and is responsible for the day-to-day co-management of several tax-free Schwab Funds. Previously, Mr. Diefenthaler 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 before becoming a portfolio manager. |
Matthew Hastings, CFA, Managing Director and Head of 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 Charles Schwab & Co.’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 management of the Schwab Tax-Free Bond Funds. 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 | 6.3 Yrs |
Weighted Average Duration2 | 6.0 Yrs |
Fund and Inception Date | 1 Year | Since Inception* |
Fund: Schwab Municipal Bond ETF (10/12/22) | ||
Market Price Return2 | 5.86% | 7.51% |
NAV Return2 | 5.87% | 7.28% |
ICE AMT-Free Core U.S. National Municipal Index | 6.20% | 7.28% |
ETF Category: Morningstar Muni National Interm3 | 5.61% | N/A |
Fund Expense Ratio4: 0.03% |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 7/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 12/31/23 | EXPENSES PAID DURING PERIOD 7/1/23-12/31/23 2 | |
Schwab Municipal Bond ETF | ||||
Actual Return | 0.03% | $1,000.00 | $1,033.40 | $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. |
2 | 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. |
1/1/23– 12/31/23 | 10/12/221– 12/31/22 | |||||
Per-Share Data | ||||||
Net asset value at beginning of period | $51.16 | $50.00 | ||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 1.73 | 0.39 | ||||
Net realized and unrealized gains (losses) | 1.13 | 1.00 | ||||
Total from investment operations | 2.86 | 1.39 | ||||
Less distributions: | ||||||
Distributions from net investment income | (1.63 ) | (0.30 ) | ||||
Other capital2 | 0.08 | 0.07 | ||||
Net asset value at end of period | $52.47 | $51.16 | ||||
Total return | 5.87 % | 2.93 %3 | ||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03 % | 0.03 %4 | ||||
Net investment income (loss) | 3.41 % | 3.50 %4 | ||||
Portfolio turnover rate5 | 47 % | 13 %3 | ||||
Net assets, end of period (x 1,000) | $246,617 | $61,387 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 98.9% OF NET ASSETS | ||||
ALABAMA 0.6% | ||||
Alabama Federal Aid Highway Finance Auth | ||||
Special Obligation RB Series 2017A | 4.00% | 06/01/37 (a)(b) | 235,000 | 247,966 |
Special Obligation Refunding RB Series 2017B | 5.00% | 09/01/25 (a) | 50,000 | 51,848 |
Alabama Public School & College Auth | ||||
Refunding RB Series 2020A | 5.00% | 11/01/25 | 100,000 | 104,299 |
Refunding RB Series 2020A | 5.00% | 11/01/30 | 150,000 | 175,109 |
Refunding RB Series 2020A | 5.00% | 11/01/37 (b) | 130,000 | 147,691 |
Alabama State Corrections Institution Finance Auth | ||||
RB Series 2022A | 5.25% | 07/01/47 (b) | 100,000 | 110,598 |
Birmingham Water Works Board | ||||
Water Refunding RB Series 2015A | 5.00% | 01/01/42 (a)(b) | 300,000 | 306,318 |
Tuscaloosa City Board of Education Capital Outlay Warrants | ||||
School Tax Warrants Series 2016 | 5.00% | 08/01/46 (a)(b) | 200,000 | 211,937 |
1,355,766 | ||||
ALASKA 0.0% | ||||
Anchorage | ||||
Solid Waste Refunding RB Series 2022A | 4.00% | 11/01/52 (b) | 105,000 | 101,636 |
ARIZONA 1.0% | ||||
Arizona | ||||
Refunding COP Series 20019A | 5.00% | 10/01/25 (a) | 155,000 | 161,187 |
Arizona Health Facilities Auth | ||||
RB (Banner Health) Series 2014A | 5.00% | 01/01/44 (a)(b) | 150,000 | 150,000 |
Glendale Municipal Property Corp | ||||
Sub Excise Tax Refunding RB Series 2012C | 4.00% | 07/01/38 (b) | 130,000 | 130,031 |
Maricopa Cnty | ||||
GO Bonds Series 2018C | 4.00% | 07/01/38 (b) | 300,000 | 306,375 |
Mesa | ||||
Utility Systems RB Series 2019A | 5.00% | 07/01/43 (b) | 75,000 | 81,370 |
Phoenix Civic Improvement Corp | ||||
Jr Lien Airport RB Series 2019A | 4.00% | 07/01/49 (b) | 100,000 | 99,891 |
Phoenix Civic Improvement Corp Wastewater Sub | ||||
Jr Lien Wastewater System RB Series 2023 | 5.25% | 07/01/47 (b) | 150,000 | 171,968 |
Pima Cnty | ||||
RB Series 2016 | 5.00% | 07/01/25 | 155,000 | 160,280 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Salt River Project Agricultural Improvement & Power District | ||||
Electric System RB Series 2017A | 5.00% | 01/01/36 (b) | 185,000 | 201,641 |
Electric System RB Series 2019A | 4.00% | 01/01/39 (b) | 200,000 | 206,555 |
Electric System RB Series 2019A | 5.00% | 01/01/47 (b) | 75,000 | 81,318 |
Electric System RB Series 2021A | 5.00% | 01/01/24 | 200,000 | 200,000 |
Electric System RB Series 2023A | 5.00% | 01/01/47 (b) | 250,000 | 280,163 |
Electric System Refunding RB Series 2016A | 5.00% | 01/01/31 (b) | 300,000 | 321,343 |
2,552,122 | ||||
ARKANSAS 0.1% | ||||
Fayetteville SD #1 | ||||
GO Refunding & Construction Bonds | 3.00% | 06/01/50 (b)(c) | 125,000 | 99,081 |
Univ of Arkansas | ||||
Facilities RB Series 2021A | 5.00% | 12/01/45 (b) | 70,000 | 76,636 |
175,717 | ||||
CALIFORNIA 18.9% | ||||
Alameda Cnty Transportation Commission | ||||
Sr Sales Tax RB Series 2022 | 5.00% | 03/01/45 (b) | 110,000 | 124,541 |
Alameda Corridor Transportation Auth | ||||
2nd Sub Lien Refunding RB Series 2016B | 4.00% | 10/01/37 (b)(c) | 60,000 | 60,886 |
2nd Sub Lien Refunding RB Series 2022C | 5.00% | 10/01/52 (b) | 110,000 | 118,712 |
Sub Lien Refunding RB Series 2004A | 0.00% | 10/01/30 (c)(d) | 100,000 | 80,896 |
Anaheim Public Financing Auth | ||||
Sub Lease RB Series 1997C | 0.00% | 09/01/32 (c)(d) | 100,000 | 75,835 |
Bay Area Toll Auth | ||||
Sub Toll Bridge RB Series 2014S6 | 5.00% | 10/01/54 (a)(b) | 175,000 | 177,898 |
Sub Toll Bridge RB Series 2017S7 | 4.00% | 04/01/32 (b) | 140,000 | 146,221 |
Sub Toll Bridge RB Series 2017S7 | 4.00% | 04/01/33 (b) | 190,000 | 197,853 |
Sub Toll Bridge RB Series 2017S7 | 3.25% | 04/01/36 (b) | 100,000 | 99,889 |
Sub Toll Bridge RB Series 2017S7 | 4.00% | 04/01/47 (b) | 250,000 | 251,028 |
Beverly Hills USD | ||||
GO Bonds Series 2009 | 0.00% | 08/01/33 (d) | 150,000 | 115,244 |
California | ||||
GO Bonds | 5.00% | 08/01/24 | 60,000 | 60,775 |
GO Bonds | 5.00% | 11/01/24 | 50,000 | 50,939 |
GO Bonds | 5.00% | 10/01/25 | 250,000 | 260,414 |
GO Bonds | 5.00% | 11/01/25 (b) | 250,000 | 254,449 |
GO Bonds | 5.00% | 04/01/27 | 200,000 | 216,270 |
GO Bonds | 5.00% | 08/01/27 (b) | 200,000 | 212,547 |
GO Bonds | 5.00% | 11/01/28 | 120,000 | 134,797 |
GO Bonds | 5.00% | 04/01/29 | 200,000 | 226,951 |
GO Bonds | 5.00% | 08/01/29 (b) | 200,000 | 217,854 |
GO Bonds | 5.00% | 10/01/29 (b) | 150,000 | 167,582 |
GO Bonds | 5.00% | 11/01/29 | 100,000 | 114,863 |
GO Bonds | 5.00% | 10/01/30 (b) | 275,000 | 306,975 |
GO Bonds | 5.00% | 11/01/30 | 50,000 | 58,611 |
GO Bonds | 5.00% | 04/01/31 (b) | 125,000 | 142,051 |
GO Bonds | 4.00% | 09/01/31 (b) | 180,000 | 184,680 |
GO Bonds | 5.00% | 11/01/31 (b) | 185,000 | 201,721 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds | 5.00% | 11/01/32 (b) | 220,000 | 244,244 |
GO Bonds | 5.00% | 12/01/32 (b) | 150,000 | 158,001 |
GO Bonds | 3.00% | 10/01/33 (b) | 200,000 | 199,325 |
GO Bonds | 4.00% | 10/01/35 (b) | 250,000 | 272,241 |
GO Bonds | 5.00% | 10/01/35 (b) | 200,000 | 243,021 |
GO Bonds | 5.00% | 03/01/36 (b) | 265,000 | 303,690 |
GO Bonds | 3.75% | 04/01/37 (b) | 105,000 | 105,005 |
GO Bonds | 5.00% | 10/01/39 (b) | 200,000 | 235,296 |
GO Bonds | 4.00% | 02/01/43 (b) | 60,000 | 60,016 |
GO Bonds | 5.00% | 10/01/45 (b) | 150,000 | 171,467 |
GO Bonds | 5.25% | 10/01/45 (b) | 250,000 | 291,835 |
GO Bonds | 3.00% | 09/01/46 (b) | 270,000 | 230,636 |
GO Bonds | 5.25% | 09/01/47 (b) | 200,000 | 230,144 |
GO Bonds | 4.00% | 04/01/49 (b) | 250,000 | 256,047 |
GO Bonds | 5.25% | 10/01/50 (b) | 170,000 | 195,833 |
GO Bonds | 5.25% | 09/01/53 (b) | 200,000 | 230,521 |
GO Refunding Bonds | 5.00% | 12/01/24 | 100,000 | 102,079 |
GO Refunding Bonds | 5.00% | 04/01/25 | 200,000 | 205,812 |
GO Refunding Bonds | 5.00% | 08/01/25 | 380,000 | 394,159 |
GO Refunding Bonds | 5.00% | 09/01/25 | 95,000 | 98,747 |
GO Refunding Bonds | 5.00% | 10/01/25 | 250,000 | 260,414 |
GO Refunding Bonds | 5.00% | 04/01/26 | 270,000 | 284,458 |
GO Refunding Bonds | 5.00% | 08/01/26 | 200,000 | 212,554 |
GO Refunding Bonds | 5.00% | 09/01/26 | 300,000 | 319,533 |
GO Refunding Bonds | 5.00% | 12/01/26 | 200,000 | 214,461 |
GO Refunding Bonds | 5.00% | 03/01/27 (b) | 250,000 | 256,766 |
GO Refunding Bonds | 5.00% | 09/01/27 | 150,000 | 163,887 |
GO Refunding Bonds | 5.00% | 11/01/27 | 100,000 | 109,635 |
GO Refunding Bonds | 5.00% | 12/01/27 | 210,000 | 230,710 |
GO Refunding Bonds | 5.00% | 10/01/28 | 150,000 | 168,163 |
GO Refunding Bonds | 5.00% | 12/01/28 | 50,000 | 56,277 |
GO Refunding Bonds | 3.00% | 09/01/29 (b) | 55,000 | 55,272 |
GO Refunding Bonds | 5.00% | 09/01/29 | 200,000 | 228,938 |
GO Refunding Bonds | 5.00% | 10/01/29 | 200,000 | 229,331 |
GO Refunding Bonds | 5.00% | 03/01/30 (b) | 150,000 | 153,885 |
GO Refunding Bonds | 5.00% | 04/01/31 (b) | 130,000 | 147,733 |
GO Refunding Bonds | 5.00% | 04/01/32 (b) | 150,000 | 169,875 |
GO Refunding Bonds | 5.25% | 08/01/32 | 300,000 | 365,250 |
GO Refunding Bonds | 4.00% | 09/01/32 (b) | 50,000 | 51,260 |
GO Refunding Bonds | 5.00% | 09/01/32 (b) | 150,000 | 155,075 |
GO Refunding Bonds | 5.00% | 08/01/33 (b) | 100,000 | 100,883 |
GO Refunding Bonds | 3.00% | 10/01/34 (b) | 270,000 | 266,592 |
GO Refunding Bonds | 4.00% | 11/01/34 (b) | 90,000 | 93,886 |
GO Refunding Bonds | 5.00% | 03/01/35 (b) | 245,000 | 282,151 |
GO Refunding Bonds | 3.13% | 04/01/35 (b) | 75,000 | 74,686 |
GO Refunding Bonds | 5.00% | 04/01/35 (b) | 250,000 | 299,399 |
GO Refunding Bonds | 5.00% | 04/01/35 (b) | 100,000 | 110,553 |
GO Refunding Bonds | 3.50% | 08/01/35 (b) | 200,000 | 200,568 |
GO Refunding Bonds | 4.00% | 11/01/35 (b) | 250,000 | 260,078 |
GO Refunding Bonds | 4.00% | 03/01/36 (b) | 275,000 | 294,944 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Refunding Bonds | 5.00% | 04/01/36 (b) | 200,000 | 224,707 |
GO Refunding Bonds | 5.00% | 08/01/36 (b) | 200,000 | 215,355 |
GO Refunding Bonds | 4.00% | 09/01/36 (b) | 100,000 | 101,277 |
GO Refunding Bonds | 3.00% | 10/01/36 (b) | 200,000 | 194,774 |
GO Refunding Bonds | 5.00% | 11/01/36 (b) | 95,000 | 104,546 |
GO Refunding Bonds | 4.00% | 03/01/37 (b) | 200,000 | 212,624 |
GO Refunding Bonds | 5.00% | 04/01/37 (b) | 190,000 | 212,256 |
GO Refunding Bonds | 4.00% | 11/01/37 (b) | 150,000 | 159,517 |
GO Refunding Bonds | 5.00% | 09/01/41 (b) | 100,000 | 114,054 |
GO Refunding Bonds | 4.00% | 04/01/42 (b) | 200,000 | 209,520 |
GO Refunding Bonds | 5.00% | 04/01/42 (b) | 250,000 | 267,168 |
GO Refunding Bonds | 5.00% | 04/01/42 (b) | 100,000 | 114,082 |
GO Refunding Bonds | 5.00% | 09/01/42 (b) | 100,000 | 114,705 |
GO Refunding Bonds | 5.00% | 10/01/42 (b) | 100,000 | 109,511 |
GO Refunding Bonds | 5.00% | 10/01/42 (b) | 420,000 | 485,366 |
ULT GO Bonds | 5.00% | 10/01/26 (b) | 125,000 | 131,939 |
California Dept of Water Resources | ||||
Water System RB Series AS | 5.00% | 12/01/29 (a)(b) | 70,000 | 71,404 |
Water System RB Series BB | 5.00% | 12/01/31 (b) | 175,000 | 207,868 |
Water System RB Series BF | 5.00% | 12/01/32 | 100,000 | 123,647 |
Water System RB Series BF | 5.00% | 12/01/34 (b) | 70,000 | 86,260 |
California Educational Facilities Auth | ||||
RB (Loma Linda Univ) Series 2017A | 5.00% | 04/01/42 (b) | 300,000 | 310,742 |
RB (Santa Clara Univ) Series 2015 | 5.00% | 04/01/45 (b) | 170,000 | 173,187 |
RB (Stanford Univ) Series U7 | 5.00% | 06/01/46 | 250,000 | 312,244 |
RB (Stanford Univ) Series V1 | 5.00% | 05/01/49 (b) | 200,000 | 249,068 |
RB (Stanford Univ) Series V2 | 2.25% | 04/01/51 (b) | 300,000 | 197,313 |
RB (Stanford Univ) Series V3 | 5.00% | 06/01/33 (b) | 100,000 | 125,564 |
California Infrastructure & Economic Development Bank | ||||
Clean Water & Drinking Water RB Series 2023 | 4.00% | 10/01/47 (b) | 200,000 | 206,544 |
Clean Water State Revolving Funds RB Series 2018 | 5.00% | 10/01/27 | 130,000 | 143,262 |
RB (UCSF 2130 3rd St) Series 2017 | 5.00% | 05/15/42 (b) | 100,000 | 107,741 |
RB (UCSF 2130 3rd St) Series 2017 | 5.00% | 05/15/47 (b) | 200,000 | 212,902 |
California Public Works Board | ||||
Lease RB (Dept of Corrections & Rehabilitation) Series 2014A | 5.00% | 09/01/25 (b) | 75,000 | 76,106 |
Lease RB Series 2014A | 5.00% | 09/01/27 (b) | 250,000 | 253,015 |
Lease RB Series 2021B | 4.00% | 05/01/46 (b) | 100,000 | 101,566 |
Lease RB Series 2021C | 5.00% | 11/01/46 (b) | 200,000 | 223,089 |
Lease Refunding RB Series 2021A | 5.00% | 02/01/31 | 155,000 | 182,673 |
Lease Refunding RB Series 2022A | 5.00% | 08/01/34 (b) | 200,000 | 237,302 |
California School Finance Auth | ||||
GO RB (Azusa USD) Series 2009A | 0.00% | 08/01/49 (c)(d) | 100,000 | 29,149 |
California State Univ | ||||
RB Series 2015A | 5.00% | 11/01/38 (b) | 60,000 | 62,121 |
RB Series 2015A | 4.00% | 11/01/43 (b) | 75,000 | 75,099 |
RB Series 2016A | 5.00% | 11/01/30 (b) | 200,000 | 212,025 |
RB Series 2016A | 5.00% | 11/01/32 (b) | 170,000 | 179,652 |
RB Series 2017A | 5.00% | 11/01/27 (b) | 100,000 | 108,999 |
RB Series 2017A | 5.00% | 11/01/31 (b) | 50,000 | 54,239 |
RB Series 2023A | 5.25% | 11/01/53 (b) | 200,000 | 229,702 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Cerritos California Community College District | ||||
GO Bonds Series 2014A | 4.00% | 08/01/44 (b) | 150,000 | 150,200 |
Coast CCD | ||||
GO Bonds Series 2006B | 0.00% | 08/01/30 (c)(d) | 385,000 | 317,307 |
GO Bonds Series 2019F | 0.00% | 08/01/40 (b)(d) | 200,000 | 103,424 |
GO Refunding Bonds Series 2015 | 0.00% | 08/01/34 (a)(b)(d) | 150,000 | 97,638 |
Compton USD | ||||
GO Bonds Series 2019B | 4.00% | 06/01/49 (b)(c) | 150,000 | 150,811 |
Desert CCD | ||||
GO Bonds Series 2021A1 | 4.00% | 08/01/51 (b) | 200,000 | 202,004 |
East Bay Municipal Utility District | ||||
Water System Refunding RB Series 2014B | 5.00% | 06/01/25 | 310,000 | 320,866 |
Foothill Eastern Transportation Corridor Agency | ||||
Sr Lien RB Series 1995A | 0.00% | 01/01/24 (a)(d) | 100,000 | 100,000 |
Sr Lien Refunding RB Series 2021A | 4.00% | 01/15/46 (b) | 335,000 | 330,985 |
Sr Lien Toll RB Series A | 0.00% | 01/01/28 (a)(d) | 340,000 | 307,159 |
Toll Road Refunding RB Series 2013B2 | 3.50% | 01/15/53 (b) | 65,000 | 56,090 |
Golden State Tobacco Securitization Corp | ||||
RB Series 2015A | 5.00% | 06/01/45 (a)(b) | 120,000 | 123,952 |
Grossmont Healthcare District | ||||
GO Refunding Bonds Series 2015D | 4.00% | 07/15/40 (b) | 100,000 | 100,195 |
Grossmont-Cuyamaca CCD | ||||
GO Bonds Series 2018B | 4.00% | 08/01/47 (b) | 130,000 | 131,491 |
Hayward USD | ||||
GO Bonds Series 2020 | 4.00% | 08/01/45 (b)(c) | 150,000 | 151,076 |
GO Bonds Series 2020 | 4.00% | 08/01/50 (b)(c) | 150,000 | 149,550 |
Los Angeles | ||||
Sub Refunding RB Series 2018B | 5.00% | 06/01/25 | 215,000 | 222,141 |
Los Angeles CCD | ||||
GO Bonds Series 2008K | 4.00% | 08/01/35 (b) | 100,000 | 103,201 |
GO Bonds Series 2008L | 5.00% | 08/01/25 | 200,000 | 207,736 |
GO Bonds Series C1 | 5.00% | 08/01/25 | 60,000 | 62,321 |
GO Refunding Bonds Series 2015A | 5.00% | 08/01/30 (a)(b) | 250,000 | 253,185 |
GO Refunding Bonds Series 2015C | 5.00% | 08/01/25 | 155,000 | 160,995 |
GO Refunding Bonds Series 2016 | 4.00% | 08/01/37 (b) | 50,000 | 51,196 |
Los Angeles Cnty Metropolitan Transportation Auth | ||||
1st Tier Sr Sales Tax RB Series 2017A | 5.00% | 07/01/42 (b) | 200,000 | 213,236 |
Jr Sub Sales Tax Refunding RB Series 2020A1 | 4.00% | 06/01/36 (b) | 290,000 | 311,706 |
Jr Sub Sales Tax Refunding RB Series 2020A3 | 5.00% | 06/01/33 (b) | 100,000 | 108,809 |
Jr Sub Sales Tax Refunding RB Series 2020A3 | 5.00% | 06/01/34 (b) | 200,000 | 217,425 |
Sales Tax Sr RB Series 2017A | 5.00% | 07/01/42 (b) | 150,000 | 159,927 |
Sr Sales Tax RB Series 2021A | 4.00% | 06/01/35 (b) | 170,000 | 186,352 |
Los Angeles Cnty Public Works Financing Auth | ||||
Lease RB Series 2016D | 4.00% | 12/01/40 (b) | 200,000 | 201,641 |
Los Angeles Dept of Airports | ||||
Sr RB Series 2020D | 4.00% | 05/15/48 (b) | 200,000 | 203,083 |
Sr Refunding RB Series 2020A | 5.00% | 05/15/38 (b) | 125,000 | 140,639 |
Sub RB Series 2022B | 4.00% | 05/15/48 (b) | 150,000 | 152,935 |
Sub Refunding RB Series 2021B | 5.00% | 05/15/45 (b) | 140,000 | 156,331 |
Sub Refunding RB Series 2021B | 5.00% | 05/15/48 (b) | 100,000 | 110,447 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2015A | 5.00% | 07/01/34 (b) | 200,000 | 204,126 |
Power System RB Series 2017A | 5.00% | 07/01/47 (b) | 100,000 | 104,462 |
Power System RB Series 2019D | 5.00% | 07/01/44 (b) | 250,000 | 273,144 |
Power System RB Series 2020A | 5.00% | 07/01/25 | 200,000 | 206,991 |
Power System RB Series 2020A | 5.00% | 07/01/29 | 150,000 | 172,873 |
Power System RB Series 2020B | 5.00% | 07/01/40 (b) | 235,000 | 265,240 |
Power System RB Series 2021B | 5.00% | 07/01/41 (b) | 100,000 | 113,361 |
Power System RB Series 2021B | 5.00% | 07/01/48 (b) | 140,000 | 155,540 |
Power System RB Series 2021C | 5.00% | 07/01/51 (b) | 50,000 | 55,478 |
Power System RB Series 2022A | 5.00% | 07/01/51 (b) | 250,000 | 277,392 |
Power System RB Series 2022C | 5.00% | 07/01/41 (b) | 150,000 | 172,594 |
Power System RB Series 2022E | 5.00% | 07/01/29 | 100,000 | 115,248 |
Water System RB Series 2018A | 5.00% | 07/01/48 (b) | 85,000 | 90,349 |
Water System RB Series 2020A | 5.00% | 07/01/50 (b) | 100,000 | 110,010 |
Water System RB Series 2022B | 4.00% | 07/01/49 (b) | 100,000 | 100,741 |
Water System RB Series 2023A | 5.00% | 07/01/33 | 75,000 | 93,586 |
Water System RB Series 2023A | 5.00% | 07/01/34 (b) | 50,000 | 62,225 |
Water System Refunding RB Series 2022C | 5.00% | 07/01/41 (b) | 245,000 | 284,745 |
Los Angeles Municipal Improvement Corp | ||||
Lease Refunding RB Series 2016B | 4.00% | 11/01/33 (b) | 80,000 | 82,356 |
Lease Refunding RB Series 2016B | 4.00% | 11/01/35 (b) | 125,000 | 128,038 |
Los Angeles USD | ||||
GO Bonds Series 2016A | 4.00% | 07/01/33 (b) | 150,000 | 151,602 |
GO Bonds Series 2016A | 4.00% | 07/01/34 (b) | 200,000 | 202,038 |
GO Bonds Series 2018B1 | 5.00% | 07/01/33 (b) | 125,000 | 137,501 |
GO Bonds Series 2020C | 3.00% | 07/01/35 (b) | 70,000 | 69,222 |
GO Bonds Series 2020C | 4.00% | 07/01/44 (b) | 150,000 | 152,395 |
GO Bonds Series 2020RYQ | 5.00% | 07/01/35 (b) | 150,000 | 174,640 |
GO Bonds Series 2020RYQ | 4.00% | 07/01/44 (b) | 200,000 | 203,194 |
GO Bonds Series 2023 QRR | 5.25% | 07/01/48 (b) | 250,000 | 290,404 |
GO Refunding Bonds Series 2014C | 5.00% | 07/01/25 (b) | 250,000 | 252,632 |
GO Refunding Bonds Series 2014C | 5.00% | 07/01/28 (b) | 135,000 | 136,081 |
GO Refunding Bonds Series 2016B | 2.00% | 07/01/29 (b) | 75,000 | 70,747 |
GO Refunding Bonds Series 2017A | 5.00% | 07/01/25 | 200,000 | 207,380 |
GO Refunding Bonds Series 2019A | 5.00% | 07/01/30 (b) | 100,000 | 114,810 |
Marin Healthcare District | ||||
GO Bonds Series 2017A | 4.00% | 08/01/47 (b) | 100,000 | 99,475 |
Newport-Mesa USD | ||||
GO Bonds Series 2011 | 0.00% | 08/01/33 (d) | 250,000 | 192,984 |
Oakland USD | ||||
GO Bonds Series 2021A | 4.00% | 08/01/46 (b)(c) | 195,000 | 196,383 |
Orange Cnty Transportation Auth | ||||
BAN 2021 | 5.00% | 10/15/24 (a) | 210,000 | 213,740 |
Palomar CCD | ||||
GO Bonds Series D | 4.00% | 08/01/46 (b) | 100,000 | 100,525 |
Peninsula Corridor Joint Powers Board | ||||
Sales Tax RB Series 2022A | 5.00% | 06/01/51 (b) | 250,000 | 273,869 |
Poway USD | ||||
GO Bonds (San Diego County) Series B | 0.00% | 08/01/33 (d) | 85,000 | 63,622 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Rancho Santiago CCD | ||||
GO Bonds Series C | 0.00% | 09/01/30 (c)(d) | 90,000 | 74,026 |
Riverside Cnty Public Finance Auth | ||||
Lease RB Series 2015 | 5.25% | 11/01/45 (a)(b) | 100,000 | 104,742 |
Riverside Cnty Transportation Commission | ||||
Toll Sr Lien Refunding RB Series 2021B1 | 4.00% | 06/01/46 (b) | 150,000 | 150,446 |
Riverside USD | ||||
GO Bonds Series 2016B | 4.00% | 08/01/42 (b) | 200,000 | 204,016 |
Sacramento | ||||
Sr TOT RB (Convention Center Complex) Series 2018A | 5.00% | 06/01/48 (b) | 250,000 | 261,918 |
Sacramento Cnty | ||||
Airport System Sub Refunding RB Series 2016B | 5.00% | 07/01/41 (b) | 100,000 | 103,366 |
Sacramento Cnty Sanitation District Financing Auth | ||||
RB Series 2020A | 5.00% | 12/01/50 (b) | 100,000 | 109,876 |
Sacramento Municipal Utility District | ||||
Electric RB Series 2019G | 5.00% | 08/15/40 (b) | 115,000 | 128,390 |
Electric RB Series 2020H | 4.00% | 08/15/45 (b) | 75,000 | 76,583 |
San Bernardino CCD | ||||
GO Bonds Series A | 4.00% | 08/01/49 (a)(b) | 60,000 | 63,648 |
San Diego Assoc of Governments | ||||
Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (a)(b) | 230,000 | 233,964 |
San Diego CCD | ||||
GO Bonds Series 2016 | 3.00% | 08/01/34 (b) | 60,000 | 59,233 |
GO Refunding Bonds Series 2016 | 5.00% | 08/01/29 (a)(b) | 145,000 | 154,589 |
San Diego Cnty Regional Airport Auth | ||||
Sub Airport RB Series 2021A | 4.00% | 07/01/46 (b) | 115,000 | 116,992 |
Sub Airport Refunding RB Series 2019A | 5.00% | 07/01/36 (b) | 55,000 | 61,740 |
San Diego Cnty Regional Transportation Commission | ||||
Sales Tax RB Series 2016A | 5.00% | 04/01/48 (b) | 200,000 | 206,679 |
Sales Tax RB Series 2023A | 5.00% | 04/01/32 | 75,000 | 91,304 |
San Diego Cnty Water Auth | ||||
Water Refunding RB Series 2021B | 4.00% | 05/01/34 (b) | 80,000 | 89,322 |
Water Refunding RB Series 2021B | 4.00% | 05/01/35 (b) | 160,000 | 177,825 |
San Diego Public Facilities Financing Auth | ||||
Lease RB Series 2023A | 4.00% | 10/15/48 (b) | 125,000 | 126,759 |
Sub Sewer RB Series 2022A | 5.00% | 05/15/47 (b) | 15,000 | 16,831 |
Water Sub RB Series 2018A | 5.00% | 08/01/43 (b) | 200,000 | 216,178 |
San Diego USD | ||||
GO Bonds Series 2006F1 | 5.25% | 07/01/28 (c) | 90,000 | 102,248 |
GO Bonds Series 2017 I | 4.00% | 07/01/47 (b) | 100,000 | 100,546 |
GO Bonds Series 2019L | 4.00% | 07/01/49 (b) | 100,000 | 100,484 |
GO Bonds Series 2020M2 | 4.00% | 07/01/50 (b) | 200,000 | 200,947 |
GO Bonds Series 2023N2 | 5.00% | 07/01/53 (b) | 80,000 | 90,838 |
GO Refunding Bonds Series 2012R1 | 0.00% | 07/01/30 (d) | 50,000 | 41,292 |
GO Refunding Bonds Series 2016SR1 | 4.00% | 07/01/32 (b) | 220,000 | 225,514 |
Go Refunding Bonds Series R5 | 5.00% | 07/01/29 (b) | 115,000 | 122,770 |
San Francisco | ||||
Wastewater RB Series 2021A | 5.00% | 10/01/44 (b) | 200,000 | 226,833 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
San Francisco Airport Commission | ||||
RB 2nd Series 2014B | 5.00% | 05/01/44 (b) | 100,000 | 100,381 |
RB 2nd Series 2017B | 5.00% | 05/01/47 (b) | 125,000 | 130,717 |
RB 2nd Series 2018E | 5.00% | 05/01/48 (b) | 100,000 | 105,702 |
Refunding RB 2nd Series 2019D | 5.00% | 05/01/33 (b) | 50,000 | 56,774 |
San Francisco Bay Area Rapid Transit District | ||||
GO Bonds Series 2020C1 | 4.00% | 08/01/45 (b) | 205,000 | 208,903 |
GO Bonds Series 2022D1 | 5.25% | 08/01/47 (b) | 70,000 | 80,225 |
San Francisco Municipal Transportation Agency | ||||
RB Series 2017 | 4.00% | 03/01/46 (b) | 100,000 | 100,355 |
San Francisco Public Utilities Commission | ||||
Wastewater RB Series 2018A | 4.00% | 10/01/43 (b) | 200,000 | 201,870 |
Water RB Series 2020A | 5.00% | 11/01/50 (b) | 295,000 | 325,301 |
Water Refunding RB Series 2016A | 5.00% | 11/01/26 | 350,000 | 374,953 |
Water Refunding RB Series 2023C | 5.00% | 11/01/37 (b) | 100,000 | 121,797 |
San Joaquin Hills Transportation Corridor Agency Toll | ||||
Jr Lien RB | 0.00% | 01/01/26 (a)(d) | 400,000 | 379,743 |
Toll Road Refunding RB Series 1997A | 0.00% | 01/15/25 (c)(d) | 50,000 | 48,289 |
San Jose | ||||
Airport Refunding RB Series 2017B | 5.00% | 03/01/47 (b)(c) | 150,000 | 156,535 |
Wastewater RB Series 2022B | 5.00% | 11/01/52 (b) | 175,000 | 197,297 |
San Jose Redevelopment Agency Successor | ||||
Tax Refunding Bonds Series 2017A | 5.00% | 08/01/34 (b) | 125,000 | 136,062 |
San Mateo Cnty CCD | ||||
GO Bonds Series 2006B | 0.00% | 09/01/34 (c)(d) | 50,000 | 36,751 |
GO Bonds Series 2018B | 5.00% | 09/01/45 (b) | 150,000 | 162,116 |
San Mateo Cnty Jt Powers Financing Auth | ||||
Lease RB Series 2018A | 5.00% | 07/15/43 (b) | 150,000 | 162,501 |
San Mateo SD | ||||
ULT GO Bonds Series 2020B | 4.00% | 08/01/51 (b) | 150,000 | 153,748 |
Santa Clara Cnty | ||||
GO Refunding Bonds Series 2017C | 3.25% | 08/01/39 (b) | 70,000 | 65,084 |
Santa Clara Valley Transportation Auth | ||||
Sales Tax Refunding RB Series 2023A | 5.00% | 04/01/26 | 250,000 | 264,793 |
Santa Monica CCD | ||||
GO Bonds Series 2018A | 4.00% | 08/01/47 (b) | 150,000 | 151,910 |
Southern California Metropolitan Water District | ||||
RB Series 2021A | 5.00% | 10/01/46 (b) | 100,000 | 111,897 |
Sub Water Refunding RB Series 2017A | 2.50% | 07/01/26 | 100,000 | 98,740 |
Sub Water Refunding RB Series 2017A | 2.50% | 07/01/27 | 285,000 | 279,789 |
Southern California Public Power Auth | ||||
Sub Refunding RB Series 2015C | 5.00% | 07/01/26 (b) | 200,000 | 204,671 |
Sunnyvale Financing Auth | ||||
Lease RB Series 2020 | 4.00% | 04/01/50 (b) | 250,000 | 251,888 |
Sweetwater UHSD | ||||
GO Bonds Series 2022A1 | 5.00% | 08/01/52 (b) | 175,000 | 192,027 |
Twin Rivers USD | ||||
GO Bonds Series 2016 | 0.00% | 08/01/41 (b)(c)(d) | 390,000 | 184,782 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Univ of California | ||||
General RB Series 2015AO | 5.00% | 05/15/25 | 85,000 | 87,900 |
General RB Series 2015AO | 5.00% | 05/15/26 (b) | 55,000 | 56,904 |
General RB Series 2017AY | 5.00% | 05/15/27 | 75,000 | 81,882 |
General RB Series 2017AY | 5.00% | 05/15/30 (b) | 125,000 | 136,261 |
General RB Series 2018AZ | 5.00% | 05/15/35 (b) | 140,000 | 155,247 |
General RB Series 2018AZ | 5.00% | 05/15/43 (b) | 170,000 | 183,455 |
General RB Series 2020BE | 5.00% | 05/15/41 (b) | 100,000 | 112,450 |
General RB Series 2022BK | 5.00% | 05/15/32 | 100,000 | 122,453 |
General RB Series 2022BK | 5.00% | 05/15/52 (b) | 230,000 | 256,496 |
General RB Series 2023BN | 5.00% | 05/15/37 (b) | 250,000 | 305,102 |
General RB Series AZ | 5.00% | 05/15/33 (b) | 200,000 | 222,969 |
Limited Project RB Series 2017M | 5.00% | 05/15/35 (b) | 90,000 | 97,371 |
Limited Project RB Series 2018O | 5.00% | 05/15/58 (b) | 245,000 | 260,319 |
Limited Project RB Series 2021Q | 4.00% | 05/15/51 (b) | 65,000 | 65,644 |
RB Series 2018O | 4.00% | 05/15/48 (b) | 155,000 | 155,963 |
RB Series 2020BE | 4.00% | 05/15/47 (b) | 250,000 | 252,981 |
RB Series 2021Q | 5.00% | 05/15/46 (b) | 165,000 | 182,944 |
Ventura Cnty CCD | ||||
GO Refunding Bonds Series 2015 | 3.13% | 08/01/31 (b) | 200,000 | 200,529 |
Washington Township Health Care District | ||||
GO Bonds Series 2023B | 5.25% | 08/01/48 (b) | 250,000 | 282,715 |
46,522,584 | ||||
COLORADO 1.3% | ||||
Aurora Colo | ||||
1st Lien Water Refunding RB Series 2016 | 5.00% | 08/01/41 (a)(b) | 170,000 | 180,759 |
Colorado | ||||
COP Series 2020A | 4.00% | 12/15/35 (b) | 150,000 | 159,934 |
COP Series 2020A | 4.00% | 12/15/39 (b) | 190,000 | 195,425 |
COP Series 2021A | 5.00% | 12/15/33 (b) | 135,000 | 158,740 |
COP Series 2021A | 4.00% | 12/15/39 (b) | 25,000 | 25,891 |
Colorado High Performance Transportation Enterprise | ||||
Sr RB Series 2017 | 5.00% | 12/31/56 (b) | 75,000 | 75,137 |
Colorado Regional Transportation District | ||||
COP Series 2015A | 4.00% | 06/01/40 (b) | 50,000 | 50,042 |
Sales Tax RB Series 2016A | 5.00% | 11/01/46 (b) | 100,000 | 103,526 |
Sales Tax Refunding RB Series 2021B | 5.00% | 11/01/28 | 170,000 | 190,880 |
Colorado Springs | ||||
Utilities System Refunding RB Series 2022A | 5.00% | 11/15/30 | 75,000 | 87,515 |
Colorado State Building Excellent Schools Today | ||||
COP Series 2018N | 5.00% | 03/15/38 (b) | 100,000 | 107,473 |
Denver | ||||
Airport System RB Series 2022C | 5.00% | 11/15/29 | 150,000 | 171,104 |
Dedicated Tax Refunding RB Series 2016A | 5.00% | 08/01/42 (b) | 150,000 | 154,292 |
GO Refunding Bonds Series 2020B | 5.00% | 08/01/27 | 130,000 | 141,883 |
RB Series 2021A | 4.00% | 08/01/51 (b) | 100,000 | 97,780 |
Denver SD #1 | ||||
GO Bonds Series 2022A | 5.00% | 12/01/45 (b)(c) | 200,000 | 224,564 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
E-470 Public Highway Auth | ||||
Sr RB Series 1997B | 0.00% | 09/01/26 (c)(d) | 50,000 | 46,111 |
Sr RB Series 2004A | 0.00% | 09/01/28 (c)(d) | 115,000 | 100,210 |
Sr RB Series 2020A | 5.00% | 09/01/26 | 85,000 | 90,151 |
Jefferson Cnty SD #R1 | ||||
GO Bonds Series 2018 | 5.00% | 12/15/34 (b)(c) | 145,000 | 161,590 |
Larimer & Weld SD #RE5J | ||||
GO Bonds Series 2021 | 4.00% | 12/01/45 (b)(c) | 200,000 | 200,893 |
Weld Cnty SD #6 | ||||
GO Bonds Series 2021 | 4.00% | 12/01/45 (b)(c) | 200,000 | 201,975 |
Weld Cnty SD #RE2 | ||||
GO Bonds Series 2016 | 5.00% | 12/01/44 (b)(c) | 220,000 | 238,747 |
3,164,622 | ||||
CONNECTICUT 1.8% | ||||
Connecticut | ||||
GO Bonds Series 2016A | 5.00% | 03/15/32 (b) | 115,000 | 120,427 |
GO Bonds Series 2016A | 4.00% | 03/15/36 (b) | 50,000 | 50,748 |
GO Bonds Series 2016E | 5.00% | 10/15/24 | 55,000 | 55,897 |
GO Bonds Series 2016E | 3.00% | 10/15/32 (b) | 200,000 | 198,957 |
GO Bonds Series 2019A | 5.00% | 04/15/35 (b) | 130,000 | 145,626 |
GO Bonds Series 2019A | 5.00% | 04/15/36 (b) | 95,000 | 105,945 |
GO Bonds Series 2020A | 5.00% | 01/15/25 | 100,000 | 102,225 |
GO Bonds Series 2020A | 5.00% | 01/15/26 | 100,000 | 104,650 |
GO Bonds Series 2020A | 4.00% | 01/15/35 (b) | 180,000 | 191,591 |
GO Bonds Series 2021A | 4.00% | 01/15/29 | 70,000 | 75,077 |
GO Bonds Series 2021A | 3.00% | 01/15/35 (b) | 125,000 | 123,020 |
GO Bonds Series 2021A | 2.00% | 01/15/41 (b) | 100,000 | 70,385 |
GO Bonds Series 2022F | 5.00% | 11/15/41 (b) | 200,000 | 227,636 |
GO Refunding Bonds Series 2022D | 5.00% | 09/15/25 | 145,000 | 150,501 |
GO Refunding Bonds Series 2022D | 5.00% | 09/15/27 | 100,000 | 109,178 |
GO Refunding Bonds Series 2022G | 5.00% | 11/15/27 | 210,000 | 230,212 |
Special Tax Obligation Bonds Series 2015A | 5.00% | 08/01/33 (b) | 100,000 | 102,998 |
Special Tax Obligation Bonds Series 2016A | 5.00% | 09/01/25 | 160,000 | 165,913 |
Special Tax Obligation Bonds Series 2018A | 5.00% | 01/01/35 (b) | 200,000 | 218,674 |
Special Tax Obligation Bonds Series 2018A | 5.00% | 01/01/36 (b) | 100,000 | 108,995 |
Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/24 | 200,000 | 201,250 |
Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/34 (b) | 125,000 | 143,774 |
Special Tax Obligation Bonds Series 2020A | 4.00% | 05/01/36 (b) | 70,000 | 74,076 |
Special Tax Obligation Bonds Series 2021A | 5.00% | 05/01/35 (b) | 215,000 | 251,149 |
Special Tax Obligation Bonds Series 2021D | 4.00% | 11/01/39 (b) | 250,000 | 259,924 |
Special Tax Obligation Bonds Series 2022A | 5.00% | 07/01/29 | 125,000 | 141,972 |
Transportation RB Series 2016A | 4.00% | 09/01/35 (b) | 170,000 | 173,459 |
Transportation RB Series 2020A | 5.00% | 05/01/27 | 250,000 | 270,479 |
Transportation Special Tax Obligation Bonds Series 2018B | 5.00% | 10/01/27 | 120,000 | 131,155 |
Connecticut Health & Educational Facilities Auth | ||||
RB (Sacred Heart Univ) Series I1 | 5.00% | 07/01/42 (b) | 100,000 | 102,800 |
4,408,693 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
DELAWARE 0.0% | ||||
Delaware Transportation Auth | ||||
RB Series 2015 | 5.00% | 06/01/55 (b) | 100,000 | 101,357 |
DISTRICT OF COLUMBIA 1.6% | ||||
District of Columbia | ||||
GO Bonds Series 2015A | 5.00% | 06/01/36 (b) | 100,000 | 102,356 |
GO Bonds Series 2019A | 5.00% | 10/15/30 (b) | 155,000 | 175,516 |
GO Bonds Series 2019A | 5.00% | 10/15/33 (b) | 150,000 | 169,410 |
GO Bonds Series 2019A | 5.00% | 10/15/44 (b) | 240,000 | 259,997 |
GO Refunding Bonds Series 2017A | 5.00% | 06/01/34 (b) | 75,000 | 80,997 |
GO Refunding Bonds Series 2023B | 5.00% | 06/01/29 | 205,000 | 233,445 |
Income Tax Secured RB Series 2019A | 5.00% | 03/01/30 (b) | 220,000 | 251,535 |
Income Tax Secured RB Series 2019A | 4.00% | 03/01/44 (b) | 200,000 | 202,028 |
Income Tax Secured RB Series 2022A | 5.00% | 07/01/40 (b) | 250,000 | 287,893 |
Income Tax Secured RB Series 2022A | 5.00% | 07/01/41 (b) | 250,000 | 286,079 |
Income Tax Secured Refunding RB Series 2022C | 5.00% | 12/01/27 | 195,000 | 214,538 |
Refunding RB (Georgetown Univ) Series 2017 | 5.00% | 04/01/35 (b) | 70,000 | 73,636 |
Refunding RB Series 2020B | 5.00% | 10/01/29 | 175,000 | 200,665 |
District of Columbia Water & Sewer Auth Sub Board | ||||
Public Utility Sub Lien RB Series 2019A | 5.00% | 10/01/44 (b) | 175,000 | 189,642 |
Metropolitan Washington Airports Auth | ||||
2nd Sr Lien RB Series 2009C | 0.00% | 10/01/35 (c)(d) | 50,000 | 33,028 |
Sub Lien Refunding RB Series 2019B | 4.00% | 10/01/49 (b) | 260,000 | 246,096 |
Toll Road 2nd Sr Lien Refunding RB Series 2022A | 4.00% | 10/01/52 (b)(c) | 200,000 | 193,980 |
Washington Metropolitan Transit Auth | ||||
2nd Lien RB Series 2023A | 5.25% | 07/15/53 (b) | 150,000 | 168,862 |
RB Series 2020A | 5.00% | 07/15/45 (b) | 125,000 | 136,070 |
RB Series 2021A | 5.00% | 07/15/46 (b) | 280,000 | 306,747 |
RB Series 2023A | 5.50% | 07/15/51 (b) | 150,000 | 172,491 |
3,985,011 | ||||
FLORIDA 2.8% | ||||
Broward Cnty | ||||
Airport System RB Series 2012Q1 | 4.00% | 10/01/42 (b) | 80,000 | 80,016 |
Water & Sewer Utility RB Series 2019A | 5.00% | 10/01/39 (b) | 125,000 | 137,775 |
Broward Cnty SD | ||||
COP Series 2019A | 5.00% | 07/01/28 | 110,000 | 122,147 |
Central Florida Expressway Auth | ||||
Sr Lien Refunding RB Series 2016B | 5.00% | 07/01/26 | 60,000 | 63,359 |
Sr Lien Refunding RB Series 2016B | 4.00% | 07/01/35 (b) | 60,000 | 61,011 |
Sr Lien Refunding RB Series 2016B | 4.00% | 07/01/36 (b) | 130,000 | 132,138 |
Sr Lien Refunding RB Series 2017 | 5.00% | 07/01/42 (b) | 125,000 | 131,238 |
Sr Lien Refunding RB Series 2021 | 4.00% | 07/01/34 (b)(c) | 175,000 | 187,084 |
Duval Cnty School Board | ||||
COP Series 2022A | 5.00% | 07/01/32 (b)(c) | 100,000 | 113,584 |
Florida Insurance Assistance Interlocal Agency | ||||
Insurance Assessment RB Series 2023A1 | 5.00% | 09/01/26 (b) | 100,000 | 104,551 |
Florida Municipal Power Agency | ||||
Power Supply Refunding RB Series 2016A | 5.00% | 10/01/31 (b) | 65,000 | 68,097 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Florida State Board of Education | ||||
Lottery Refunding RB Series 2017A | 5.00% | 07/01/27 | 165,000 | 179,420 |
Public Education Capital Outlay Refunding Bonds Series 2021A | 5.00% | 06/01/31 | 100,000 | 118,663 |
Public Education Capital Outlay Refunding Bonds Series 2021B | 5.00% | 06/01/29 | 125,000 | 142,481 |
Public Education Capital Outlay Refunding Bonds Series 2022C | 5.00% | 06/01/27 | 150,000 | 163,029 |
Public Education Refunding Bonds Series 2022C | 5.00% | 06/01/24 | 200,000 | 201,747 |
Florida State Turnpike Auth | ||||
Turnpike RB Series 2022C | 5.00% | 07/01/47 (b) | 100,000 | 110,310 |
Fort Myers | ||||
Utility System Refunding RB Series 2019A | 4.00% | 10/01/44 (b) | 100,000 | 100,915 |
Fort Pierce Utilities Authority | ||||
Utilities Refunding RB Series 2022A | 4.00% | 10/01/52 (b) | 125,000 | 119,823 |
Gainesville | ||||
Utilities System RB Series 2019A | 5.00% | 10/01/47 (b) | 150,000 | 160,074 |
Hillsborough Cnty | ||||
RB Series 2021 | 2.25% | 08/01/51 (b) | 160,000 | 103,014 |
Hillsborough Cnty Aviation Auth | ||||
RB Series 2018F | 5.00% | 10/01/43 (b) | 115,000 | 123,153 |
JEA | ||||
Electric System Sub RB Series 2017B | 5.00% | 10/01/33 (b) | 160,000 | 172,600 |
Manatee Cnty | ||||
Refunding RB Series 2022 | 4.00% | 10/01/52 (b) | 75,000 | 74,608 |
Miami Beach | ||||
Water & Sewer Refunding RB Series 2017 | 5.00% | 09/01/47 (b) | 250,000 | 260,954 |
Miami-Dade Cnty | ||||
Facilities Tax RB Series 2009C | 0.00% | 10/01/44 (c)(d) | 500,000 | 201,209 |
GO Refunding Bonds Series 2015B | 4.00% | 07/01/34 (b) | 50,000 | 50,143 |
RB Series 2017B | 5.00% | 10/01/33 (b) | 100,000 | 103,002 |
RB Series 2022 | 5.00% | 07/01/49 (b) | 200,000 | 217,873 |
Refunding RB Series 2009A | 6.88% | 10/01/34 (b)(c) | 240,000 | 294,998 |
Water & Sewer System RB Series 2019B | 4.00% | 10/01/49 (b) | 225,000 | 220,410 |
Water & Sewer System RB Series 2021 | 4.00% | 10/01/44 (b) | 25,000 | 25,346 |
Water & Sewer System RB Series 2021 | 4.00% | 10/01/46 (b) | 150,000 | 150,934 |
Water & Sewer System Refunding RB Series 2015 | 5.00% | 10/01/25 | 270,000 | 280,918 |
Water & Sewer System Refunding RB Series 2015 | 5.00% | 10/01/26 (b) | 75,000 | 77,600 |
Miami-Dade Cnty Educational Facilities Auth | ||||
Refunding RB (Univ of Miami) Series 2015A | 5.00% | 04/01/40 (b) | 200,000 | 201,556 |
Miami-Dade Cnty Expressway Auth | ||||
Toll System RB Series 2014A | 5.00% | 07/01/39 (b) | 225,000 | 225,507 |
Toll System RB Series 2014A | 5.00% | 07/01/44 (b) | 200,000 | 200,460 |
Miami-Dade Cnty Transit System | ||||
Transit System Sales Surtax Refunding RB Series 2017 | 4.00% | 07/01/38 (b) | 180,000 | 182,540 |
Miami-Dade School Board | ||||
COP Series 2016C | 3.25% | 02/01/33 (b) | 150,000 | 150,011 |
Orange Cnty School Board | ||||
COP Series 2016C | 5.00% | 08/01/34 (b) | 150,000 | 155,674 |
Orlando | ||||
Special RB Series 2018B | 5.00% | 10/01/48 (b) | 125,000 | 133,257 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Orlando Utilities Commission | ||||
Utility System Refunding RB Series 2013A | 5.00% | 10/01/24 (b) | 65,000 | 66,013 |
Utility System Refunding RB Series 2013A | 5.00% | 10/01/25 (b) | 70,000 | 72,758 |
Palm Beach Cnty School Board | ||||
COP Series 2017A | 5.00% | 08/01/27 | 140,000 | 151,894 |
COP Series 2020A | 5.00% | 08/01/34 (b) | 50,000 | 57,331 |
South Florida Water Management District COP | ||||
Refunding COP Series 2015 | 5.00% | 10/01/35 (b) | 175,000 | 180,479 |
Tampa | ||||
Tax Bonds ( H. Lee Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/45 (b)(d) | 300,000 | 112,759 |
Water & Wastewater RB Series 2022A | 5.25% | 10/01/57 (b) | 200,000 | 222,899 |
Tampa Bay Water | ||||
Utility System RB Series 2022 | 5.00% | 10/01/52 (b) | 35,000 | 38,589 |
7,005,951 | ||||
GEORGIA 1.8% | ||||
Atlanta | ||||
Water & Wastewater Refunding RB Series 2015 | 5.00% | 11/01/40 (b) | 60,000 | 60,946 |
Water & Wastewater Refunding RB Series 2018B | 3.50% | 11/01/43 (b) | 75,000 | 70,987 |
Water & Wastewater Refunding RB Series 2018B | 5.00% | 11/01/43 (b) | 100,000 | 105,218 |
Atlanta Airport | ||||
Airport Facility Sub Lien RB Series 2019C | 5.00% | 07/01/36 (b) | 235,000 | 263,161 |
De Kalb Cnty | ||||
Water & Sewer 2nd Resolution RB Series 2022 | 5.00% | 10/01/52 (b) | 100,000 | 109,980 |
Water & Sewerage RB Series 2022 | 5.00% | 10/01/41 (b) | 225,000 | 255,900 |
Fulton Cnty | ||||
Water & Sewerage RB Series 2020A | 2.25% | 01/01/42 (b) | 70,000 | 51,960 |
Water & Sewerage RB Series 2020A | 2.25% | 01/01/43 (b) | 150,000 | 109,553 |
Gainesville & Hall Cnty Hospital Auth | ||||
RAN Series 2014A | 5.50% | 08/15/54 (a)(b) | 80,000 | 82,382 |
Georgia | ||||
GO Bonds Series 2016A | 2.50% | 02/01/33 (b) | 100,000 | 96,198 |
GO Bonds Series 2017A | 5.00% | 02/01/31 (b) | 200,000 | 215,914 |
GO Bonds Series 2019A | 5.00% | 07/01/29 | 200,000 | 228,485 |
GO Bonds Series 2019A | 5.00% | 07/01/32 (b) | 100,000 | 113,999 |
GO Bonds Series 2020A | 5.00% | 08/01/32 (b) | 200,000 | 233,239 |
GO Bonds Series 2020A | 4.00% | 08/01/34 (b) | 140,000 | 152,367 |
GO Bonds Series 2021A | 5.00% | 07/01/33 (b) | 100,000 | 118,667 |
GO Bonds Series 2021A | 4.00% | 07/01/34 (b) | 80,000 | 87,980 |
GO Bonds Series 2021A | 4.00% | 07/01/38 (b) | 200,000 | 213,189 |
GO Refunding Bonds Series 2016C | 4.00% | 07/01/25 | 100,000 | 102,084 |
GO Refunding Bonds Series 2016E | 5.00% | 12/01/26 | 170,000 | 182,490 |
Georgia Municipal Electric Auth | ||||
Plant Vogtle Units 3 & 4 Project J Bonds Series 2023A | 5.00% | 07/01/64 (b)(c) | 200,000 | 209,222 |
RB Series 2019A | 5.00% | 01/01/49 (b) | 100,000 | 102,435 |
RB Series 2019B | 5.00% | 01/01/59 (b) | 40,000 | 40,685 |
Georgia Port Auth | ||||
RB Series 2021 | 4.00% | 07/01/46 (b) | 10,000 | 10,173 |
RB Series 2021 | 2.63% | 07/01/51 (b) | 100,000 | 70,636 |
RB Series 2022 | 4.00% | 07/01/52 (b) | 125,000 | 125,847 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Georgia State Road & Tollway Auth | ||||
Highway RB Series 2020 | 5.00% | 06/01/30 | 125,000 | 144,216 |
Gwinnett Cnty SD | ||||
Sales Tax GO Bonds Series 2022B | 5.00% | 08/01/27 | 80,000 | 87,543 |
Metropolitan Atlanta Rapid Transit Auth | ||||
Sales Tax Refunding RB Series 2016B | 5.00% | 07/01/33 (b) | 120,000 | 126,952 |
Sales Tax Refunding RB Series 2017C | 3.25% | 07/01/37 (b) | 100,000 | 98,173 |
Paulding Cnty | ||||
Water & Sewerage Improvement Refunding RB Series 2016 | 3.00% | 12/01/48 (b) | 105,000 | 83,442 |
Private Colleges & Universities Auth | ||||
RB (Emory Univ) Series 2020B | 5.00% | 09/01/25 | 250,000 | 259,902 |
RB (Emory Univ) Series 2020B | 4.00% | 09/01/39 (b) | 110,000 | 114,684 |
Sandy Springs Public Facilities Auth | ||||
RB Series 2015 | 5.00% | 05/01/41 (a)(b) | 190,000 | 200,518 |
4,529,127 | ||||
HAWAII 0.6% | ||||
Hawaii | ||||
GO Bonds Series 2017FK | 4.00% | 05/01/31 (b) | 150,000 | 155,707 |
GO Bonds Series 2018FT | 5.00% | 01/01/38 (b) | 100,000 | 107,676 |
GO Refunding Bonds Series 2016FE | 5.00% | 10/01/28 (b) | 200,000 | 212,100 |
GO Refunding Bonds Series 2016FH | 4.00% | 10/01/31 (b) | 150,000 | 154,510 |
Honolulu | ||||
GO Bonds Series 2015A | 5.00% | 10/01/39 (b) | 180,000 | 184,355 |
GO Bonds Series 2021E | 5.00% | 03/01/31 | 285,000 | 334,347 |
Wastewater System Sr RB Series 2022A | 5.00% | 07/01/47 (b) | 240,000 | 266,228 |
Honolulu City & Cnty Wastewater System | ||||
Sr Wastewater System RB Series 2015A | 5.00% | 07/01/40 (a)(b) | 150,000 | 155,043 |
1,569,966 | ||||
ILLINOIS 5.5% | ||||
Chicago | ||||
2nd Lien Water RB Series 2014 | 5.00% | 11/01/39 (b) | 225,000 | 226,874 |
2nd Lien Water Refunding RB Series 2023B | 5.00% | 11/01/35 (b) | 105,000 | 123,248 |
2nd Lien Water Refunding RB Series 2023B | 4.00% | 11/01/40 (b)(c) | 100,000 | 102,478 |
GO Bonds Series 1999 | 0.00% | 01/01/34 (c)(d) | 60,000 | 40,058 |
GO Bonds Series 2019A | 5.50% | 01/01/35 (b) | 165,000 | 179,935 |
GO Bonds Series 2019A | 5.50% | 01/01/49 (b) | 100,000 | 104,248 |
GO Bonds Series 2023A | 5.00% | 01/01/35 (b) | 50,000 | 55,227 |
GO Bonds Series 2023A | 5.50% | 01/01/43 (b) | 500,000 | 531,807 |
GO Refunding Bonds Series 2017A | 5.75% | 01/01/33 (b) | 185,000 | 194,594 |
GO Refunding Bonds Series 2020A | 5.00% | 01/01/29 | 180,000 | 193,459 |
Chicago Board of Education | ||||
Dedicated Tax Bonds Series 2016 | 6.10% | 04/01/36 (b) | 130,000 | 138,415 |
Dedicated Tax Bonds Series 2023 | 5.00% | 04/01/45 (b) | 200,000 | 209,020 |
Chicago O’Hare International Airport | ||||
Airport Sr Lien Refunding RB Series 2020A | 4.00% | 01/01/35 (b) | 200,000 | 210,474 |
General Airport Sr Lien RB Series 2018B | 5.00% | 01/01/39 (b) | 60,000 | 64,668 |
General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/29 (b) | 75,000 | 76,282 |
General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/33 (b) | 125,000 | 126,964 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/25 | 50,000 | 50,949 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/30 (b) | 80,000 | 81,364 |
OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/35 (b) | 100,000 | 103,573 |
OHare General Airport Sr Lien Refunding RB Series 2020A | 5.00% | 01/01/34 (b) | 55,000 | 62,468 |
OHare General Airport Sr Lien Refunding RB Series 2020A | 4.00% | 01/01/37 (b)(c) | 100,000 | 104,436 |
Sr Lien RB Series 2018B | 5.00% | 01/01/38 (b) | 100,000 | 108,197 |
Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/26 (b) | 150,000 | 152,485 |
Chicago Transit Auth Sales Tax | ||||
2nd Lien Sales Tax RB Series 2017 | 5.00% | 12/01/51 (b) | 155,000 | 157,027 |
2nd Lien Sales Tax RB Series 2020A | 5.00% | 12/01/55 (b) | 85,000 | 88,279 |
Cook Cnty | ||||
GO Refunding Bonds Series 2022A | 5.00% | 11/15/25 | 130,000 | 135,121 |
Sales Tax RB Series 2021A | 4.00% | 11/15/40 (b) | 250,000 | 251,846 |
Cook Cnty Sales Tax Revenue | ||||
Sales Tax RB Series 2021A | 4.00% | 11/15/41 (b) | 225,000 | 226,364 |
Illinois | ||||
GO Bonds Series 2014 | 5.25% | 02/01/29 (b) | 200,000 | 200,268 |
GO Bonds Series 2014 | 5.00% | 05/01/39 (b) | 250,000 | 250,551 |
GO Bonds Series 2017C | 5.00% | 11/01/29 (b) | 525,000 | 562,302 |
GO Bonds Series 2017D | 5.00% | 11/01/25 | 95,000 | 98,248 |
GO Bonds Series 2017D | 5.00% | 11/01/26 | 160,000 | 168,761 |
GO Bonds Series 2017D | 5.00% | 11/01/27 | 200,000 | 215,028 |
GO Bonds Series 2019A | 5.00% | 11/01/27 | 125,000 | 134,209 |
GO Bonds Series 2019B | 4.00% | 11/01/38 (b) | 200,000 | 201,809 |
GO Bonds Series 2020 | 5.50% | 05/01/30 | 95,000 | 106,572 |
GO Bonds Series 2020 | 5.50% | 05/01/39 (b) | 265,000 | 293,555 |
GO Bonds Series 2020 | 5.75% | 05/01/45 (b) | 250,000 | 275,282 |
GO Bonds Series 2020B | 5.00% | 10/01/30 | 50,000 | 56,052 |
GO Bonds Series 2020B | 5.00% | 10/01/31 (b) | 225,000 | 251,570 |
GO Bonds Series 2022A | 5.25% | 03/01/38 (b) | 150,000 | 168,456 |
GO Bonds Series 2022A | 5.50% | 03/01/42 (b) | 175,000 | 195,880 |
GO Bonds Series 2023B | 5.00% | 05/01/28 | 150,000 | 162,446 |
GO Bonds Series 2023B | 5.00% | 05/01/35 (b) | 60,000 | 67,534 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/24 | 345,000 | 345,403 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/25 | 150,000 | 152,893 |
GO Refunding Bonds Series 2016 | 4.00% | 02/01/30 (b)(c) | 135,000 | 138,229 |
GO Refunding Bonds Series 2022B | 5.00% | 03/01/33 (b) | 150,000 | 170,090 |
GO Refunding Bonds Series 2023D | 5.00% | 07/01/36 (b) | 100,000 | 111,875 |
Illinois Finance Auth | ||||
RB (Univ of Chicago) Series 2015A | 5.00% | 10/01/40 (b) | 250,000 | 254,436 |
RB (Univ of Chicago) Series 2023A | 5.25% | 05/15/54 (b) | 65,000 | 72,397 |
RB Series 2017 | 5.00% | 07/01/35 (b) | 75,000 | 80,051 |
Illinois Municipal Electric Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 02/01/34 (b) | 300,000 | 301,045 |
Illinois Toll Highway Auth | ||||
Refunding RB Series 2018A | 5.00% | 01/01/29 | 265,000 | 296,866 |
Toll Highway Sr RB Series 2014B | 5.00% | 01/01/36 (b) | 200,000 | 200,959 |
Toll Highway Sr RB Series 2014C | 5.00% | 01/01/36 (b) | 50,000 | 51,129 |
Toll Highway Sr RB Series 2016B | 5.00% | 01/01/41 (b) | 155,000 | 159,468 |
Toll Highway Sr RB Series 2017A | 5.00% | 01/01/42 (b) | 100,000 | 106,052 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Toll Highway Sr RB Series 2020A | 5.00% | 01/01/45 (b) | 200,000 | 219,092 |
Toll Highway Sr RB Series 2021A | 5.00% | 01/01/43 (b) | 130,000 | 145,181 |
Toll Highway Sr RB Series 2021A | 4.00% | 01/01/46 (b) | 50,000 | 49,644 |
Toll Highway Sr RB Series 2021A | 5.00% | 01/01/46 (b) | 250,000 | 276,519 |
Toll Highway Sr RB Series 2023A | 5.00% | 01/01/44 (b) | 75,000 | 84,527 |
Toll Highway Sr Refunding RB Series 2019C | 5.00% | 01/01/29 | 110,000 | 123,227 |
Toll Highway Sr Refunding RB Series 2024A | 5.00% | 01/01/37 (b)(e) | 100,000 | 119,768 |
Metropolitan Pier & Exposition Auth | ||||
Dedicated State Tax RB Series 2002A | 0.00% | 12/15/32 (c)(d) | 250,000 | 185,708 |
Dedicated State Tax RB Series 2002A | 0.00% | 06/15/35 (c)(d) | 140,000 | 94,769 |
RB Series 2002A | 0.00% | 06/15/34 (c)(d) | 325,000 | 228,987 |
RB Series 2002A | 0.00% | 12/15/39 (c)(d) | 200,000 | 106,210 |
RB Series 2015A | 5.00% | 06/15/53 (b) | 100,000 | 101,025 |
Refunding Bonds (McCormick Place Expansion) Series 2010B1 | 0.00% | 06/15/47 (c)(d) | 225,000 | 79,982 |
Refunding Bonds (McCormick Place Expansion) Series 2017B | 0.00% | 12/15/56 (c)(d) | 375,000 | 82,078 |
Refunding Bonds (McCormick Place Expansion) Series 2020A | 4.00% | 06/15/50 (b) | 125,000 | 118,798 |
Refunding Bonds (McCormick Place Expansion) Series 2020A | 5.00% | 06/15/50 (b) | 200,000 | 206,785 |
Refunding Bonds Series 2010B-1 | 0.00% | 06/15/43 (d) | 250,000 | 112,040 |
Metropolitan Water Reclamation District of Greater Chicago | ||||
ULT GO Bonds Series 2016C | 5.00% | 12/01/45 (b) | 100,000 | 102,551 |
ULT GO Refunding Bonds Series 2016A | 5.00% | 12/01/25 | 80,000 | 83,010 |
Railsplitter Tobacco Settlement Auth | ||||
Tobacco Settlement RB Series 2017 | 5.00% | 06/01/26 (a) | 125,000 | 131,755 |
Rosemont | ||||
GO Bonds Series 2016A | 5.00% | 12/01/46 (b)(c) | 110,000 | 114,245 |
Sales Tax Securitization Corp | ||||
2nd Lien Sales Tax RB Series 2020A | 4.00% | 01/01/38 (b) | 215,000 | 219,012 |
2nd Lien Sales Tax Securitization Bonds Series 2020A | 5.00% | 01/01/30 | 150,000 | 169,297 |
Sales Tax Securitization Bonds Series 2018C | 5.00% | 01/01/43 (b) | 150,000 | 158,892 |
Schaumburg | ||||
GO Refunding Bonds Series 2013A | 4.00% | 12/01/41 (b) | 50,000 | 50,016 |
Springfield Ill | ||||
Sr Lien Electric Refunding RB Series 2015 | 5.00% | 03/01/40 (b)(c) | 175,000 | 176,779 |
Univ of Illinois | ||||
Auxiliary Facilities RB Series 2018A | 4.13% | 04/01/48 (b)(c) | 100,000 | 99,483 |
13,588,656 | ||||
INDIANA 0.3% | ||||
Indiana Finance Auth | ||||
Highway Refunding RB Series 2016C | 5.00% | 06/01/27 (b) | 60,000 | 63,905 |
Lease Appropriation Refunding Bonds Series 2022A | 5.00% | 02/01/35 (b) | 160,000 | 188,005 |
State Revolving Fund RB Series 2019A | 5.00% | 02/01/36 (b) | 60,000 | 66,405 |
State Revolving Fund Refunding Bonds Series 2015B | 5.00% | 02/01/24 | 90,000 | 90,144 |
Indianapolis Local Public Improvement Bond Bank | ||||
RB Series 1999E | 0.00% | 02/01/28 (c)(d) | 250,000 | 220,571 |
629,030 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
IOWA 0.2% | ||||
Iowa | ||||
Special Obligation Refunding RB Series 2016A | 5.00% | 06/01/28 (b) | 145,000 | 152,876 |
Special Obligation Refunding RB Series 2019A | 5.00% | 06/01/34 (b) | 145,000 | 163,021 |
Iowa Higher Education Loan Auth | ||||
RB (Grinnell College) Series 2017 | 5.00% | 12/01/46 (b) | 100,000 | 104,056 |
419,953 | ||||
KANSAS 0.1% | ||||
Kansas Department of Transportation | ||||
Highway RB Series 2015B | 5.00% | 09/01/25 | 125,000 | 129,578 |
KENTUCKY 0.5% | ||||
Kentucky Municipal Power Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 09/01/39 (b)(c) | 325,000 | 319,078 |
Kentucky State Property & Buildings Commission | ||||
Refunding RB Series B | 5.00% | 11/01/25 | 285,000 | 296,007 |
Refunding RB Series B | 5.00% | 11/01/26 | 250,000 | 266,198 |
Kentucky Turnpike Auth | ||||
Economic Development Road Refunding RB Series 2017B | 5.00% | 07/01/25 | 255,000 | 262,890 |
Louisville & Jefferson Cnty Metro Sewer District | ||||
Sewer & Drainage System RB Series 2013B | 4.00% | 05/15/37 (b) | 25,000 | 25,012 |
1,169,185 | ||||
LOUISIANA 0.5% | ||||
Louisiana | ||||
GO Refunding Bonds Series 2016B | 5.00% | 08/01/26 | 150,000 | 158,914 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/28 (b) | 150,000 | 159,216 |
Refunding RB Bonds Series 2015A | 4.50% | 05/01/39 (a)(b) | 250,000 | 255,255 |
Louisiana Local Government Environmental Facilities & Community Development Auth | ||||
Insurance Assessment RB Series 2022B | 5.00% | 08/15/30 (b) | 85,000 | 90,664 |
Louisiana Public Facilities Auth | ||||
Refunding RB (Tulane Univ) Series 2020A | 5.00% | 04/01/45 (b) | 250,000 | 269,059 |
Louisiana Stadium & Exposition District | ||||
Sr RB Series 2023A | 5.25% | 07/01/53 (b) | 200,000 | 221,169 |
New Orleans | ||||
Water Refunding RB Series 2014 | 5.00% | 12/01/44 (a)(b) | 100,000 | 101,870 |
1,256,147 | ||||
MARYLAND 2.0% | ||||
Baltimore | ||||
Wastewater RB Series 2019A | 5.00% | 07/01/49 (b) | 150,000 | 159,179 |
Wastewater Sub RB Series 2017A | 5.00% | 07/01/46 (b) | 100,000 | 103,015 |
Baltimore Cnty | ||||
GO Bonds | 5.00% | 03/01/53 (b) | 200,000 | 223,590 |
Maryland | ||||
GO Bonds 1st Series 2020A | 5.00% | 03/15/32 (b) | 205,000 | 237,032 |
GO Bonds 1st Series 2022A | 5.00% | 06/01/29 | 100,000 | 114,040 |
GO Bonds 1st Series 2022A | 5.00% | 06/01/31 | 110,000 | 130,529 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds 1st Series A | 5.00% | 06/01/34 (b) | 260,000 | 313,014 |
GO Bonds 2nd Series 2017A | 5.00% | 08/01/27 | 100,000 | 109,177 |
GO Bonds 2nd Series 2019A | 5.00% | 08/01/31 (b) | 140,000 | 159,569 |
GO Bonds 2nd Series 2019A | 2.13% | 08/01/33 (b) | 290,000 | 255,932 |
GO Bonds 2nd Series 2020A | 5.00% | 08/01/35 (b) | 65,000 | 75,235 |
GO Refunding Bonds 1st Series 2020C | 5.00% | 08/01/24 | 150,000 | 151,937 |
GO Refunding Bonds 2nd Series B | 5.00% | 08/01/27 | 125,000 | 136,471 |
GO Refunding Bonds Series 2017B | 5.00% | 08/01/26 | 185,000 | 196,804 |
RB Series 2018A | 5.00% | 05/01/42 (b) | 170,000 | 179,491 |
Refunding Bonds 2nd Series 2020B | 5.00% | 08/01/28 | 150,000 | 167,848 |
Refunding Bonds 2nd Series 2021D | 4.00% | 08/01/29 | 90,000 | 98,253 |
ULT GO Bonds Series 2017 | 5.00% | 03/15/29 (b) | 300,000 | 323,783 |
ULT GO Bonds Series 2017B | 5.00% | 08/01/25 | 275,000 | 285,377 |
Maryland Dept of Transportation | ||||
Consolidated Bonds Series 2021A | 2.13% | 10/01/36 (b) | 190,000 | 157,734 |
Consolidated Transportation Bonds Series 2019 | 2.13% | 10/01/31 (b) | 285,000 | 257,101 |
RB Series 2018 | 5.00% | 10/01/26 | 180,000 | 192,344 |
Transportation Bonds Series 2018 | 5.00% | 10/01/28 (b) | 85,000 | 90,667 |
Transportation Bonds Series 2019 | 2.50% | 10/01/33 (b) | 160,000 | 147,635 |
Maryland Health & Higher Educational Facilities Auth | ||||
RB (Anne Arundel Health System) Series 2014 | 4.00% | 07/01/39 (a)(b) | 245,000 | 246,105 |
Maryland Transportation Auth | ||||
Transportation Facilities RB Series 2020 | 4.00% | 07/01/50 (b) | 150,000 | 151,142 |
Prince Georges Cnty | ||||
GO Bonds Series 2018A | 5.00% | 07/15/29 (b) | 245,000 | 273,977 |
4,936,981 | ||||
MASSACHUSETTS 4.3% | ||||
Massachusetts | ||||
Commonwealth Transportation Fund RB Series 2023A | 5.00% | 06/01/53 (b) | 100,000 | 110,464 |
GO Bonds 2016J | 4.00% | 12/01/44 (b) | 250,000 | 250,117 |
GO Bonds Series 2020E | 5.00% | 11/01/50 (b) | 300,000 | 324,336 |
GO Bonds Series 2015B | 4.00% | 05/01/39 (b) | 100,000 | 100,014 |
GO Bonds Series 2015E | 3.25% | 09/01/40 (b) | 110,000 | 104,041 |
GO Bonds Series 2016E | 4.00% | 04/01/35 (b) | 45,000 | 45,314 |
GO Bonds Series 2016H | 5.00% | 12/01/26 | 75,000 | 80,532 |
GO Bonds Series 2017D | 5.00% | 02/01/36 (b) | 65,000 | 69,042 |
GO Bonds Series 2017E | 5.00% | 11/01/31 (b) | 150,000 | 163,443 |
GO Bonds Series 2017E | 3.00% | 11/01/34 (b) | 115,000 | 113,718 |
GO Bonds Series 2018D | 4.00% | 05/01/48 (b) | 200,000 | 200,661 |
GO Bonds Series 2019C | 5.00% | 05/01/45 (b) | 155,000 | 166,838 |
GO Bonds Series 2019E | 5.00% | 05/01/31 (b) | 200,000 | 201,308 |
GO Bonds Series 2020D | 3.00% | 07/01/35 (b) | 200,000 | 196,733 |
GO Bonds Series 2020D | 5.00% | 07/01/40 (b) | 105,000 | 116,538 |
GO Bonds Series 2020D | 5.00% | 07/01/45 (b) | 100,000 | 109,139 |
GO Bonds Series 2020E | 5.00% | 11/01/45 (b) | 250,000 | 273,878 |
GO Bonds Series 2021A | 3.00% | 03/01/36 (b) | 250,000 | 244,167 |
GO Bonds Series 2021C | 5.00% | 09/01/31 | 125,000 | 149,012 |
GO Bonds Series 2021D | 5.00% | 09/01/50 (b) | 250,000 | 272,955 |
GO Bonds Series 2022C | 5.00% | 10/01/52 (b) | 210,000 | 230,958 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Series 2022D | 5.00% | 11/01/31 | 90,000 | 107,614 |
GO Bonds Series 2022E | 5.00% | 11/01/42 (b) | 125,000 | 142,135 |
GO Bonds Series 2023A | 5.00% | 05/01/26 | 225,000 | 237,822 |
GO Bonds Series 2023A | 5.00% | 05/01/53 (b) | 375,000 | 414,252 |
GO Refunding Bonds Series 2006B | 5.25% | 09/01/24 (c) | 250,000 | 254,097 |
GO Refunding Bonds Series 2016C | 5.00% | 10/01/24 | 190,000 | 193,118 |
GO Refunding Bonds Series 2017C | 5.00% | 10/01/25 | 150,000 | 156,196 |
GO Refunding Bonds Series 2017E | 5.00% | 11/01/26 | 140,000 | 149,981 |
GO Refunding Bonds Series 2017E | 5.00% | 11/01/27 | 145,000 | 159,361 |
GO Refunding Bonds Series 2018B | 5.00% | 07/01/29 | 235,000 | 268,470 |
GO Refunding Bonds Series 2020D | 4.00% | 11/01/41 (b) | 150,000 | 156,205 |
GO Refunding Bonds Series 2022A | 5.00% | 10/01/31 | 200,000 | 238,780 |
Highway Notes Series 2014A | 5.00% | 06/15/27 (b) | 60,000 | 60,573 |
Special Obligation Refunding RB Series 2005 | 5.50% | 01/01/25 (c) | 50,000 | 51,222 |
Special Obligation Refunding RB Series 2005 | 5.50% | 01/01/27 (c) | 75,000 | 81,479 |
Massachusetts Bay Transportation Auth | ||||
Assessment Bonds Series 2016A | 4.00% | 07/01/26 | 70,000 | 72,618 |
Assessment Bonds Series 2022A1 | 3.13% | 07/01/41 (b) | 50,000 | 46,052 |
Assessment Bonds Series 2022A2 | 5.00% | 07/01/52 (b) | 250,000 | 275,698 |
Sr Sales Tax Bonds Series 2005A | 5.00% | 07/01/25 | 145,000 | 150,004 |
Sr Sales Tax Bonds Series 2005A | 5.00% | 07/01/31 | 150,000 | 178,158 |
Sub Sales Tax BAN RB Series 2021 | 4.00% | 05/01/25 | 15,000 | 15,260 |
Massachusetts Development Finance Agency | ||||
RB (Boston College) Series 2021V | 5.00% | 07/01/55 | 250,000 | 305,119 |
RB (Emerson College) Series 2016A | 5.00% | 01/01/47 (b) | 200,000 | 201,826 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/24 | 250,000 | 253,041 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/26 | 275,000 | 292,691 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/36 (b) | 85,000 | 107,354 |
RB (Northeastern Univ) Series 2022 | 5.00% | 10/01/44 (b) | 85,000 | 95,558 |
Massachusetts School Building Auth | ||||
Sr Dedicated Sales Tax Refunding Bonds Series 2016C | 5.00% | 11/15/33 (b) | 180,000 | 190,108 |
Sr Sales Tax Refunding Bonds Series 2015C | 5.00% | 08/15/37 (b) | 200,000 | 205,344 |
Sub Sales Tax Bonds Series 2018A | 5.25% | 02/15/48 (b) | 200,000 | 211,923 |
Sub Sales Tax Bonds Series 2018B | 5.25% | 02/15/48 (b) | 350,000 | 370,866 |
Massachusetts Transportation Fund | ||||
RB Series 2022B | 5.00% | 06/01/52 (b) | 300,000 | 328,971 |
Refunding RB Series 2016A | 5.00% | 06/01/25 | 50,000 | 51,604 |
Refunding RB Series 2016A | 5.00% | 06/01/26 | 75,000 | 79,486 |
Refunding RB Series 2021A | 5.00% | 06/01/43 (b) | 130,000 | 144,517 |
Massachusetts Turnpike Auth | ||||
Sr RB Series 1997A | 0.00% | 01/01/28 (c)(d) | 60,000 | 53,126 |
Massachusetts Water Resources Auth | ||||
General Refunding RB Series 2007B | 5.25% | 08/01/26 (c) | 165,000 | 176,852 |
General Refunding RB Series 2007B | 5.25% | 08/01/30 (c) | 150,000 | 178,172 |
General Refunding RB Series 2016C | 5.00% | 08/01/40 (a)(b) | 200,000 | 212,554 |
Refunding RB Series 2016C | 5.00% | 08/01/33 (a)(b) | 100,000 | 106,277 |
Refunding RB Series 2017C | 5.00% | 08/01/31 (b) | 90,000 | 97,608 |
Univ of Massachusetts Building Auth | ||||
Project RB Sr Series 2020-1 | 5.00% | 11/01/50 (b) | 100,000 | 107,824 |
10,703,124 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MICHIGAN 1.2% | ||||
Great Lakes Water Auth | ||||
Sewage Disposal System Sr Lien Refunding RB Series 2016B | 5.00% | 07/01/30 (b) | 110,000 | 115,008 |
Water Supply System 2nd Lien Refunding RB Series 2016B | 5.00% | 07/01/36 (b) | 75,000 | 78,116 |
Lansing | ||||
Utility System RB Series 2019A | 5.00% | 07/01/48 (b) | 25,000 | 26,453 |
Michigan | ||||
RB Series 2020B | 4.00% | 11/15/45 (b) | 150,000 | 151,583 |
State Trunk Line Bonds Series 2021A | 4.00% | 11/15/36 (b) | 90,000 | 96,578 |
Trunk Line Fund Bonds Series 2020B | 5.00% | 11/15/27 | 175,000 | 192,660 |
Michigan Building Auth | ||||
RB Series 2022I | 4.00% | 10/15/52 (b) | 250,000 | 246,977 |
Refunding RB Series 2015I | 5.00% | 04/15/33 (b) | 150,000 | 155,696 |
Refunding RB Series 2015I | 5.00% | 04/15/38 (b) | 100,000 | 102,748 |
Refunding RB Series 2016I | 5.00% | 10/15/31 (b) | 100,000 | 105,674 |
Refunding RB Series 2016I | 5.00% | 10/15/32 (b) | 185,000 | 195,097 |
Michigan Finance Auth | ||||
Clean Water Revolving Fund Refunding RB Series 2016B | 5.00% | 10/01/29 (b) | 100,000 | 106,569 |
RB (Detroit Water & Sewage 2nd Lien) Series 2014C6 | 5.00% | 07/01/33 (b) | 175,000 | 175,964 |
RB (Detroit Water & Sewage 2nd Lien) Series 2015C | 5.00% | 07/01/35 (b) | 85,000 | 86,480 |
RB (Public Lighting Auth) Series 2014B | 5.00% | 07/01/39 (b) | 200,000 | 200,504 |
Water Supply System Refunding RB 2nd Lien Series 2014D4 | 5.00% | 07/01/34 (b) | 110,000 | 110,585 |
Water Supply System Refunding RB 2nd Lien Series 2014D6 | 5.00% | 07/01/36 (b)(c) | 100,000 | 100,434 |
Michigan State Univ | ||||
General RB Series 2019B | 4.00% | 02/15/44 (b) | 100,000 | 100,099 |
Michigan Trunk Line | ||||
State Trunk Line Bonds Series 2021A | 5.00% | 11/15/35 (b) | 95,000 | 112,214 |
State Trunk Line Bonds Series 2021A | 4.00% | 11/15/39 (b) | 200,000 | 209,024 |
Univ of Michigan | ||||
General RB Series 2017A | 5.00% | 04/01/25 | 75,000 | 77,105 |
Wayne Cnty Airport Auth | ||||
Airport RB Series 2021A | 5.00% | 12/01/46 (b) | 220,000 | 240,354 |
2,985,922 | ||||
MINNESOTA 0.4% | ||||
Minneapolis Metropolitan Council | ||||
ULT GO Series 2021C | 5.00% | 12/01/26 | 115,000 | 123,415 |
Minneapolis- St. Paul Metropolitan Airports Commission | ||||
Sr Airport Refunding RB Series 2016A | 5.00% | 01/01/28 (b) | 115,000 | 123,316 |
Minnesota | ||||
GO Bonds Series 2021A | 4.00% | 09/01/40 (b) | 200,000 | 207,595 |
GO Refunding Bonds Series 2023D | 5.00% | 08/01/25 | 150,000 | 155,495 |
GO State Highway Refunding Bonds Series 2023E | 5.00% | 08/01/28 | 125,000 | 139,700 |
State General Refunding RB Series 2022A | 5.00% | 03/01/27 | 100,000 | 107,723 |
857,244 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MISSISSIPPI 0.1% | ||||
Mississippi | ||||
GO Bonds Series 2019B | 4.00% | 10/01/39 (b) | 150,000 | 153,884 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/34 (a)(b) | 75,000 | 82,057 |
West Ranking Utility Auth | ||||
RB Series 2018 | 5.00% | 01/01/48 (a)(b)(c) | 50,000 | 55,045 |
290,986 | ||||
MISSOURI 0.2% | ||||
Jackson Cnty | ||||
Special Obligation Bonds Series 2023A | 4.38% | 12/01/58 (b) | 100,000 | 100,642 |
Metropolitan St Louis Sewer District | ||||
Water System Improvement & Refunding RB Series 2017A | 5.00% | 05/01/29 (b) | 75,000 | 81,147 |
Missouri Health & Educational Facilities Auth | ||||
Educational Facilities RB (St Louis Univ) Series 2019A | 5.00% | 10/01/46 (b) | 55,000 | 58,600 |
Missouri Highways & Transportation Commission | ||||
1st Lien Refunding Bonds Series 2014A | 5.00% | 05/01/26 | 150,000 | 158,653 |
Missouri Jt Municipal Electric Utility Commission | ||||
Power Refunding RB (Prairie State) Series 2016A | 5.00% | 12/01/40 (b) | 50,000 | 51,384 |
Univ of Missouri Curators | ||||
System Facilities RB Series 2020B | 5.00% | 11/01/30 | 100,000 | 117,222 |
567,648 | ||||
NEBRASKA 0.2% | ||||
Omaha Public Power District | ||||
Electric System RB Series 2017A | 4.00% | 02/01/42 (b) | 75,000 | 75,960 |
Electric System RB Series 2019A | 5.00% | 02/01/31 (b) | 200,000 | 224,847 |
Electric System RB Series 2021A | 5.00% | 02/01/46 (b) | 80,000 | 87,463 |
388,270 | ||||
NEVADA 0.7% | ||||
Clark Cnty | ||||
Airport System Sub Refunding RB Series 2019D | 5.00% | 07/01/25 | 100,000 | 103,213 |
GO Bonds Series 2018A | 5.00% | 06/01/43 (b) | 165,000 | 174,800 |
Clark Cnty SD | ||||
GO Refunding Bonds Series 2017A | 5.00% | 06/15/25 | 200,000 | 205,838 |
Las Vegas Convention & Visitors Auth | ||||
RB Series 2023A | 5.00% | 07/01/49 (b) | 150,000 | 164,274 |
Las Vegas Valley Water District | ||||
Refunding GO Bonds Series 2015 | 5.00% | 06/01/39 (b) | 270,000 | 273,427 |
Water Improvement GO Bonds Series 2022A | 4.00% | 06/01/51 (b) | 250,000 | 246,486 |
Water Improvement GO Refunding Bonds Series 2016A | 5.00% | 06/01/46 (b) | 200,000 | 205,806 |
Nevada | ||||
Highway Improvement RB (Motor Vehicle Fuel Tax) Series 2017 | 5.00% | 12/01/31 (b) | 100,000 | 107,407 |
Limited Tax GO Refunding Bonds Series 2015D | 5.00% | 04/01/27 (b) | 160,000 | 164,257 |
1,645,508 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
NEW JERSEY 4.6% | ||||
Hudson Cnty Improvement Auth | ||||
Lease RB (Hudson Cnty Courthouse) Series 2020 | 4.00% | 10/01/51 (b) | 150,000 | 147,990 |
New Jersey | ||||
GO Bonds | 4.00% | 06/01/33 (a)(b) | 150,000 | 152,458 |
GO Bonds Series 2020A | 5.00% | 06/01/27 | 150,000 | 162,260 |
GO Bonds Series 2020A | 5.00% | 06/01/28 | 200,000 | 221,301 |
GO Bonds Series 2020A | 4.00% | 06/01/30 | 60,000 | 64,936 |
GO Bonds Series 2020A | 4.00% | 06/01/31 | 140,000 | 152,822 |
ULT GO Series 2020A | 5.00% | 06/01/29 | 305,000 | 344,335 |
New Jersey Economic Development Auth | ||||
Motor Vehicle Surcharge Sub Refunding RB Series 2017A | 3.13% | 07/01/31 (b)(c) | 75,000 | 74,600 |
RB Series 2016AAA | 5.00% | 06/15/41 (a)(b) | 190,000 | 203,804 |
Refunding Bonds Series 2005N1 | 5.50% | 09/01/26 (c) | 140,000 | 149,740 |
Refunding RB Series 2016 BBB | 5.50% | 06/15/31 (a)(b) | 75,000 | 81,510 |
School Facilities Construction Refunding Bonds Series 2015XX | 5.00% | 06/15/25 | 200,000 | 206,106 |
School Facilities Construction Refunding Bonds Series 2023RRR | 5.00% | 03/01/28 | 250,000 | 273,326 |
State Lease RB Series 2018A | 5.00% | 06/15/47 (b) | 250,000 | 259,146 |
Transportation Bonds Series 2022A | 5.00% | 11/01/52 (b) | 195,000 | 209,626 |
Transportation Refunding RB Series 2017B | 5.00% | 11/01/24 | 100,000 | 101,662 |
New Jersey Educational Facilities Auth | ||||
RB (Princeton Univ) Series 2014A | 5.00% | 07/01/44 (b) | 150,000 | 151,091 |
New Jersey Transportation Trust Fund Auth | ||||
Federal Highway Reimbursement Revenue Notes Series 2016A-1 | 5.00% | 06/15/27 (b) | 100,000 | 105,032 |
RB Series 2016A1 | 5.00% | 06/15/28 (b) | 420,000 | 441,714 |
RB Series 2016A1 | 4.10% | 06/15/31 (b) | 275,000 | 281,734 |
RB Series 2018A | 5.00% | 06/15/31 (b) | 290,000 | 304,618 |
RB Series 2021A | 5.00% | 06/15/31 | 100,000 | 116,126 |
Transportation Bonds Series 2019BB | 5.00% | 06/15/33 (b) | 200,000 | 220,260 |
Transportation Bonds Series 2019BB | 4.00% | 06/15/50 (b) | 160,000 | 155,376 |
Transportation Bonds Series 2019BB | 5.00% | 06/15/50 (b) | 145,000 | 151,176 |
Transportation Bonds Series 2020AA | 5.00% | 06/15/50 (b) | 200,000 | 213,383 |
Transportation Program Bonds Series 2014AA | 5.00% | 06/15/38 (b) | 60,000 | 60,207 |
Transportation Program Bonds Series 2015AA | 4.75% | 06/15/38 (b) | 65,000 | 66,084 |
Transportation Program Bonds Series 2020AA | 4.00% | 06/15/35 (b) | 220,000 | 230,670 |
Transportation Program Bonds Series 2020AA | 4.00% | 06/15/36 (b) | 140,000 | 145,957 |
Transportation Program Bonds Series 2022CC | 5.00% | 06/15/40 (b) | 145,000 | 163,511 |
Transportation Program Notes Series 2014BB1 | 5.00% | 06/15/33 (b) | 80,000 | 88,104 |
Transportation Program RB Series 2014AA | 4.25% | 06/15/44 (b) | 30,000 | 30,013 |
Transportation RB Series 2019BB | 3.50% | 06/15/46 (b) | 125,000 | 112,347 |
Transportation RB Series 2020AA | 5.00% | 06/15/38 (b) | 200,000 | 222,816 |
Transportation RB Series 2020AA | 4.00% | 06/15/50 (b) | 160,000 | 155,376 |
Transportation RB Series 2023AA | 5.00% | 06/15/40 (b) | 100,000 | 113,374 |
Transportation System Bonds Series 2006C | 0.00% | 12/15/28 (c)(d) | 50,000 | 42,894 |
Transportation System Bonds Series 2008A | 0.00% | 12/15/28 (d) | 70,000 | 60,052 |
Transportation System Bonds Series 2008A | 0.00% | 12/15/35 (b)(d) | 215,000 | 142,695 |
Transportation System Bonds Series 2009A | 0.00% | 12/15/33 (b)(d) | 230,000 | 165,376 |
Transportation System Bonds Series 2009C | 5.25% | 06/15/32 (b) | 100,000 | 101,442 |
Transportation System Bonds Series 2010A | 0.00% | 12/15/29 (d) | 75,000 | 62,260 |
Transportation System Bonds Series 2018A | 5.00% | 12/15/34 (b) | 365,000 | 399,775 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Transportation System Bonds Series 2021A | 5.00% | 06/15/32 (b) | 200,000 | 230,861 |
Transportation System Bonds Series 2021A | 5.00% | 06/15/33 (b) | 100,000 | 115,469 |
Transportation System Bonds Series 2023A | 4.25% | 06/15/40 (b) | 400,000 | 416,175 |
Transportation System RB Series 2006C | 0.00% | 12/15/24 (c)(d) | 75,000 | 72,510 |
Transportation System RB Series 2006C | 0.00% | 12/15/35 (c)(d) | 35,000 | 23,449 |
Transportation System RB Series 2009A | 0.00% | 12/15/34 (d) | 125,000 | 86,635 |
Transportation System RB Series 2010A | 0.00% | 12/15/28 (d) | 700,000 | 600,518 |
Transportation System RB Series 2010A | 0.00% | 12/15/40 (b)(d) | 280,000 | 142,430 |
Transportation System RB Series 2021A | 4.00% | 06/15/34 (b) | 15,000 | 15,868 |
Transportation System RB Series 2021A | 4.00% | 06/15/35 (b) | 215,000 | 226,092 |
New Jersey Turnpike Auth | ||||
RB Series 2014A | 4.00% | 01/01/35 (b) | 125,000 | 125,213 |
RB Series 2015E | 3.38% | 01/01/31 (b) | 50,000 | 50,155 |
RB Series 2015E | 5.00% | 01/01/45 (b) | 150,000 | 151,664 |
RB Series 2017B | 4.00% | 01/01/37 (b) | 95,000 | 97,788 |
Refunding RB Series 2005D3 | 5.25% | 01/01/26 (c) | 300,000 | 314,331 |
Turnpike RB Series 2004C2 | 5.50% | 01/01/25 (c) | 250,000 | 256,731 |
Turnpike RB Series 2017A | 5.00% | 01/01/31 (b) | 150,000 | 160,328 |
Turnpike RB Series 2017A | 5.00% | 01/01/34 (b) | 185,000 | 195,938 |
Turnpike RB Series 2017B | 5.00% | 01/01/33 (b) | 55,000 | 59,956 |
Turnpike RB Series 2017G | 4.00% | 01/01/33 (b) | 80,000 | 83,389 |
Turnpike RB Series 2017G | 5.00% | 01/01/36 (b) | 90,000 | 97,562 |
Turnpike RB Series 2017G | 3.25% | 01/01/38 (b) | 200,000 | 186,496 |
Turnpike RB Series 2019A | 4.00% | 01/01/48 (b) | 155,000 | 154,766 |
Turnpike RB Series 2021A | 4.00% | 01/01/42 (b) | 105,000 | 106,486 |
11,279,895 | ||||
NEW MEXICO 0.1% | ||||
New Mexico | ||||
Severance Tax Bonds Series 2021A | 5.00% | 07/01/29 | 150,000 | 170,450 |
New Mexico Finance Auth | ||||
RB Series 2018A | 5.00% | 06/15/24 | 155,000 | 156,454 |
326,904 | ||||
NEW YORK 25.4% | ||||
Hudson Yards Infrastructure | ||||
2nd Indenture RB Fiscal 2017 Series A | 5.00% | 02/15/31 (b) | 115,000 | 122,934 |
2nd Indenture RB Fiscal 2017 Series A | 4.00% | 02/15/36 (b) | 290,000 | 297,830 |
2nd Indenture RB Fiscal 2017 Series A | 5.00% | 02/15/42 (b) | 120,000 | 125,576 |
2nd Indenture RB Fiscal 2017 Series A | 4.00% | 02/15/44 (b) | 100,000 | 100,036 |
Long Island Power Auth | ||||
Electric System RB Series 2014A | 5.00% | 09/01/44 (b) | 100,000 | 100,603 |
Electric System RB Series 2016B | 5.00% | 09/01/36 (b) | 80,000 | 83,719 |
Electric System RB Series 2016B | 5.00% | 09/01/41 (b) | 190,000 | 197,698 |
Electric System RB Series 2018 | 5.00% | 09/01/35 (b) | 115,000 | 126,905 |
Electric System RB Series 2018 | 5.00% | 09/01/38 (b) | 120,000 | 130,469 |
Electric System RB Series 2018 | 5.00% | 09/01/39 (b) | 200,000 | 216,839 |
Metropolitan Transportation Auth | ||||
Dedicated Tax Fund Bonds Series 2017A | 5.00% | 11/15/35 (b) | 115,000 | 122,500 |
Dedicated Tax Fund Refunding Bonds Series 2012A | 0.00% | 11/15/30 (d) | 150,000 | 122,481 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB Series 2013A | 5.00% | 11/15/43 (b) | 200,000 | 200,047 |
RB Series 2017B | 5.00% | 11/15/25 | 100,000 | 103,894 |
RB Series 2017D | 4.00% | 11/15/42 (b) | 205,000 | 203,917 |
RB Series 2020A1 | 4.00% | 11/15/52 (b) | 100,000 | 94,902 |
Refunding RB Series 2017B | 5.00% | 11/15/27 | 205,000 | 221,218 |
Refunding RB Series 2017C2 | 0.00% | 11/15/40 (d) | 405,000 | 204,323 |
Transportation RB Series 2012C | 4.25% | 11/15/42 (b) | 250,000 | 250,005 |
Transportation RB Series 2012E | 4.00% | 11/15/38 (b) | 105,000 | 105,013 |
Transportation RB Series 2012E | 4.00% | 11/15/38 (b) | 95,000 | 95,000 |
Transportation RB Series 2012H | 3.63% | 11/15/37 (b) | 10,000 | 10,001 |
Transportation RB Series 2012H | 3.63% | 11/15/37 (b) | 140,000 | 127,514 |
Transportation RB Series 2013A | 5.00% | 11/15/38 (b) | 85,000 | 85,020 |
Transportation RB Series 2013C | 4.00% | 11/15/43 (b) | 25,000 | 25,003 |
Transportation RB Series 2013C | 4.00% | 11/15/43 (b) | 175,000 | 170,432 |
Transportation RB Series 2013D | 5.00% | 11/15/38 (b) | 70,000 | 70,015 |
Transportation RB Series 2013E | 5.00% | 11/15/38 (b) | 155,000 | 155,037 |
Transportation RB Series 2014D1 | 5.00% | 11/15/39 (b) | 125,000 | 125,470 |
Transportation RB Series 2015A1 | 5.00% | 11/15/45 (b) | 175,000 | 176,440 |
Transportation RB Series 2016A1 | 5.25% | 11/15/56 (b) | 250,000 | 256,352 |
Transportation RB Series 2019C | 5.00% | 11/15/40 (b) | 175,000 | 186,285 |
Transportation RB Series 2020C1 | 4.75% | 11/15/45 (b) | 250,000 | 257,738 |
Transportation RB Series 2020C1 | 5.25% | 11/15/55 (b) | 90,000 | 95,482 |
Transportation Refunding RB Series 2016D | 5.00% | 11/15/31 (b) | 205,000 | 213,807 |
Transportation Refunding RB Series 2017C | 5.00% | 11/15/26 | 125,000 | 132,384 |
Transportation Refunding RB Series 2017C1 | 3.25% | 11/15/36 (b) | 65,000 | 58,546 |
Transportation Refunding RB Series 2017C2 | 0.00% | 11/15/29 (d) | 105,000 | 87,242 |
Transportation Refunding RB Series 2017C2 | 0.00% | 11/15/39 (d) | 45,000 | 24,014 |
Monroe Cnty IDA | ||||
RB (Univ of Rochester) Series 2017C | 4.00% | 07/01/43 (b) | 90,000 | 90,680 |
MTA Hudson Rail Yards | ||||
RB Series 2016A | 5.00% | 11/15/56 (b) | 200,000 | 199,993 |
Nassau Cnty | ||||
GO Refunding Bonds Series 2017C | 5.00% | 10/01/27 | 50,000 | 54,836 |
Nassau Cnty Interim Finance Auth | ||||
Sales Tax RB Series 2021A | 4.00% | 11/15/34 (b) | 130,000 | 143,783 |
Sales Tax Secured Bonds Series 2021A | 5.00% | 11/15/31 (b) | 110,000 | 131,511 |
New York City | ||||
GO Bonds Fiscal 2016 Series C | 5.00% | 08/01/31 (b) | 150,000 | 156,396 |
GO Bonds Fiscal 2016 Series C | 3.00% | 08/01/34 (b) | 180,000 | 177,372 |
GO Bonds Fiscal 2017 Series A1 | 4.00% | 08/01/34 (b) | 105,000 | 107,575 |
GO Bonds Fiscal 2017 Series B | 4.00% | 12/01/43 (b) | 100,000 | 100,162 |
GO Bonds Fiscal 2018 Series B1 | 5.25% | 10/01/33 (b) | 445,000 | 488,468 |
GO Bonds Fiscal 2018 Series B1 | 3.00% | 10/01/34 (b) | 100,000 | 98,468 |
GO Bonds Fiscal 2018 Series B1 | 5.00% | 10/01/37 (b) | 200,000 | 214,685 |
GO Bonds Fiscal 2018 Series B4 | 4.10% | 10/01/46 (b)(c)(f) | 1,705,000 | 1,705,000 |
GO Bonds Fiscal 2018 Series C | 5.00% | 08/01/24 | 300,000 | 303,753 |
GO Bonds Fiscal 2018 Series E1 | 3.63% | 03/01/45 (b) | 70,000 | 67,350 |
GO Bonds Fiscal 2018 Series F1 | 5.00% | 04/01/34 (b) | 125,000 | 136,651 |
GO Bonds Fiscal 2018 Series F1 | 5.00% | 04/01/37 (b) | 175,000 | 189,601 |
GO Bonds Fiscal 2018 Series F1 | 3.50% | 04/01/46 (b) | 55,000 | 51,412 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Fiscal 2019 Series A | 5.00% | 08/01/26 | 160,000 | 169,879 |
GO Bonds Fiscal 2019 Series D1 | 5.00% | 12/01/33 (b) | 90,000 | 99,712 |
GO Bonds Fiscal 2019 Series E | 5.00% | 08/01/27 | 100,000 | 108,854 |
GO Bonds Fiscal 2020 Series A1 | 4.00% | 08/01/38 (b) | 75,000 | 77,690 |
GO Bonds Fiscal 2020 Series A1 | 4.00% | 08/01/40 (b) | 150,000 | 153,325 |
GO Bonds Fiscal 2020 Series A1 | 3.00% | 08/01/45 (b) | 50,000 | 42,013 |
GO Bonds Fiscal 2020 Series B1 | 5.00% | 10/01/34 (b) | 225,000 | 255,059 |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/25 | 310,000 | 321,355 |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/30 | 250,000 | 290,315 |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/32 (b) | 140,000 | 162,155 |
GO Bonds Fiscal 2020 Series D1 | 4.00% | 03/01/50 (b) | 200,000 | 200,356 |
GO Bonds Fiscal 2021 Series C | 5.00% | 08/01/31 (b) | 165,000 | 191,349 |
GO Bonds Fiscal 2021 Series F | 3.00% | 03/01/51 (b) | 200,000 | 158,347 |
GO Bonds Fiscal 2021 Series F1 | 3.00% | 03/01/35 (b) | 100,000 | 98,669 |
GO Bonds Fiscal 2021 Series F1 | 5.00% | 03/01/36 (b) | 85,000 | 98,469 |
GO Bonds Fiscal 2022 Series A1 | 5.00% | 08/01/47 (b) | 165,000 | 180,888 |
GO Bonds Fiscal 2022 Series A1 | 4.00% | 08/01/50 (b) | 200,000 | 200,432 |
GO Bonds Fiscal 2022 Series B1 | 5.00% | 08/01/31 | 200,000 | 236,377 |
GO Bonds Fiscal 2023 Series A1 | 5.00% | 09/01/25 | 265,000 | 275,276 |
GO Bonds Fiscal 2023 Series A1 | 5.00% | 09/01/42 (b) | 150,000 | 170,104 |
GO Bonds Fiscal 2023 Series A1 | 4.00% | 09/01/46 (b) | 35,000 | 35,298 |
GO Bonds Fiscal 2023 Series A4 | 4.00% | 09/01/49 (b)(c)(f) | 800,000 | 800,000 |
GO Bonds Fiscal 2023 Series C | 5.00% | 08/01/27 | 160,000 | 174,166 |
GO Bonds Fiscal 2023 Series E | 5.25% | 04/01/44 (b) | 200,000 | 230,299 |
GO Bonds Fiscal 2024 Series A | 5.00% | 08/01/48 (b) | 250,000 | 278,239 |
GO Bonds Fiscal 2024 Series A | 5.00% | 08/01/51 (b) | 100,000 | 110,694 |
GO Bonds Fiscal 2024 Series A | 4.13% | 08/01/53 (b) | 250,000 | 252,969 |
GO Bonds Series 2016A | 5.00% | 08/01/26 (b) | 135,000 | 139,632 |
ULT GO Series 2015F1 | 3.50% | 06/01/33 (b) | 185,000 | 186,583 |
ULT GO Series 2018F1 | 5.00% | 04/01/43 (b) | 125,000 | 133,196 |
New York City Municipal Water Finance Auth | ||||
Water & Sewer System 2nd Resolution RB Fiscal 2013 Series CC | 3.75% | 06/15/47 (b) | 100,000 | 96,075 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series AA | 4.00% | 06/15/44 (b) | 80,000 | 80,021 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series CC | 4.00% | 06/15/45 (b) | 35,000 | 35,004 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series FF | 5.00% | 06/15/39 (b) | 95,000 | 96,683 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series HH | 5.00% | 06/15/39 (b) | 50,000 | 50,886 |
Water & Sewer System 2nd Resolution RB Fiscal 2017 Series AA | 3.00% | 06/15/46 (b) | 100,000 | 83,917 |
Water & Sewer System 2nd Resolution RB Fiscal 2017 Series CC1 | 4.00% | 06/15/46 (b) | 200,000 | 200,025 |
Water & Sewer System 2nd Resolution RB Fiscal 2017 Series DD | 5.00% | 06/15/47 (b) | 100,000 | 103,870 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series CC1 | 4.00% | 06/15/48 (b) | 150,000 | 149,623 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series DD2 | 5.00% | 06/15/32 (b) | 150,000 | 164,465 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series EE | 5.00% | 06/15/40 (b) | 100,000 | 106,751 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series FF | 5.00% | 06/15/34 (b) | 65,000 | 71,632 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series EE2 | 5.00% | 06/15/40 (b) | 350,000 | 383,329 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series FF2 | 5.00% | 06/15/34 (b) | 165,000 | 186,981 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series FF2 | 4.00% | 06/15/41 (b) | 100,000 | 101,664 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series AA | 4.00% | 06/15/40 (b) | 500,000 | 510,776 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series AA | 5.00% | 06/15/40 (b) | 200,000 | 220,638 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series DD1 | 5.00% | 06/15/30 | 100,000 | 116,627 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series EE | 5.00% | 06/15/31 | 100,000 | 118,900 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series FF | 5.00% | 06/15/41 (b) | 155,000 | 172,120 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA1 | 5.00% | 06/15/29 | 150,000 | 171,450 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA1 | 4.00% | 06/15/50 (b) | 110,000 | 109,537 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA2 | 3.00% | 06/15/40 (b) | 150,000 | 136,113 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA2 | 4.00% | 06/15/42 (b) | 120,000 | 121,909 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series BB1 | 4.00% | 06/15/50 (b) | 200,000 | 199,158 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series CC2 | 5.00% | 06/15/28 (b) | 165,000 | 176,830 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series DD | 5.00% | 06/15/26 | 330,000 | 350,271 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series DD | 5.00% | 06/15/31 | 230,000 | 273,470 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series AA1 | 3.50% | 06/15/48 (b) | 115,000 | 105,753 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series AA1 | 5.00% | 06/15/48 (b) | 150,000 | 163,970 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series AA1 | 4.00% | 06/15/51 (b) | 15,000 | 14,912 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series BB1 | 5.00% | 06/15/44 (b) | 325,000 | 363,069 |
Water & Sewer System 2nd Resolution RB Fiscal 2023 Series AA1 | 5.25% | 06/15/52 (b) | 230,000 | 258,710 |
Water & Sewer System 2nd Resolution RB Fiscal 2023 Series DD | 5.00% | 06/15/34 (b) | 25,000 | 30,682 |
Water & Sewer System 2nd Resolution RB Series 2020GG1 | 4.00% | 06/15/50 (b) | 100,000 | 99,579 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2015 Series S1 | 5.00% | 07/15/40 (b) | 100,000 | 101,223 |
Building Aid RB Fiscal 2015 Series S2 | 5.00% | 07/15/40 (b) | 200,000 | 203,843 |
Building Aid RB Fiscal 2016 Series S1 | 4.00% | 07/15/40 (b) | 100,000 | 100,334 |
Building Aid RB Fiscal 2018 Series S4A | 5.00% | 07/15/27 (c) | 225,000 | 244,738 |
Building Aid RB Fiscal 2019 Series S1 | 3.50% | 07/15/47 (b)(c) | 250,000 | 231,305 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/34 (b)(c) | 275,000 | 303,399 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/35 (b) | 140,000 | 154,065 |
Building Aid RB Fiscal 2022 Series S1 | 4.00% | 07/15/34 (b)(c) | 100,000 | 109,750 |
Building Aid RB Fiscal 2022 Series S1A | 5.00% | 07/15/29 (c) | 205,000 | 233,244 |
Future Tax Secured Sub Bonds Fiscal 2015 Series B1 | 5.00% | 08/01/32 (b) | 75,000 | 75,542 |
Future Tax Secured Sub Bonds Fiscal 2015 Series B1 | 5.00% | 08/01/36 (b) | 10,000 | 10,052 |
Future Tax Secured Sub Bonds Fiscal 2015 Series C | 5.00% | 11/01/26 (b) | 90,000 | 92,521 |
Future Tax Secured Sub Bonds Fiscal 2015 Series E1 | 5.00% | 02/01/41 (b) | 100,000 | 101,410 |
Future Tax Secured Sub Bonds Fiscal 2016 Series E1 | 3.00% | 02/01/33 (b) | 285,000 | 281,041 |
Future Tax Secured Sub Bonds Fiscal 2016 Series E1 | 5.00% | 02/01/39 (b) | 50,000 | 51,459 |
Future Tax Secured Sub Bonds Fiscal 2016 Series F3 | 4.00% | 02/01/36 (b) | 255,000 | 259,088 |
Future Tax Secured Sub Bonds Fiscal 2016 Series F3 | 3.00% | 02/01/39 (b) | 100,000 | 91,310 |
Future Tax Secured Sub Bonds Fiscal 2016 Series F3 | 3.25% | 02/01/42 (b) | 120,000 | 108,808 |
Future Tax Secured Sub Bonds Fiscal 2017 Series A1 | 4.00% | 05/01/30 (b) | 250,000 | 256,152 |
Future Tax Secured Sub Bonds Fiscal 2017 Series A1 | 5.00% | 05/01/34 (b) | 150,000 | 156,617 |
Future Tax Secured Sub Bonds Fiscal 2017 Series A1 | 4.00% | 05/01/36 (b) | 150,000 | 152,600 |
Future Tax Secured Sub Bonds Fiscal 2017 Series C | 5.00% | 11/01/25 | 300,000 | 312,897 |
Future Tax Secured Sub Bonds Fiscal 2017 Series F1 | 5.00% | 05/01/42 (b) | 175,000 | 183,820 |
Future Tax Secured Sub Bonds Fiscal 2017 Series F1 | 3.25% | 05/01/43 (b) | 105,000 | 94,757 |
Future Tax Secured Sub Bonds Fiscal 2018 Series A2 | 5.00% | 08/01/35 (b) | 85,000 | 91,059 |
Future Tax Secured Sub Bonds Fiscal 2018 Series B1 | 5.00% | 08/01/31 (b) | 100,000 | 107,707 |
Future Tax Secured Sub Bonds Fiscal 2019 Series B1 | 5.00% | 08/01/34 (b) | 250,000 | 275,468 |
Future Tax Secured Sub Bonds Fiscal 2019 Series B1 | 5.25% | 08/01/37 (b) | 200,000 | 220,264 |
Future Tax Secured Sub Bonds Fiscal 2019 Series C1 | 4.00% | 11/01/37 (b) | 70,000 | 72,995 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A2 | 5.00% | 05/01/39 (b) | 350,000 | 382,455 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A3 | 4.00% | 05/01/43 (b) | 170,000 | 171,540 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A3 | 4.00% | 05/01/44 (b) | 150,000 | 150,873 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A3 | 3.00% | 05/01/45 (b) | 250,000 | 208,852 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Future Tax Secured Sub Bonds Fiscal 2020 Series B1 | 4.00% | 11/01/45 (b) | 50,000 | 50,175 |
Future Tax Secured Sub Bonds Fiscal 2020 Series B1 | 3.00% | 11/01/47 (b) | 150,000 | 122,031 |
Future Tax Secured Sub Bonds Fiscal 2020 Series C1 | 5.00% | 05/01/35 (b) | 200,000 | 232,338 |
Future Tax Secured Sub Bonds Fiscal 2021 Series A | 5.00% | 11/01/25 | 95,000 | 99,084 |
Future Tax Secured Sub Bonds Fiscal 2021 Series A | 5.00% | 11/01/27 | 100,000 | 109,519 |
Future Tax Secured Sub Bonds Fiscal 2021 Series C1 | 4.00% | 05/01/42 (b) | 100,000 | 101,549 |
Future Tax Secured Sub Bonds Fiscal 2021 Series E1 | 4.00% | 02/01/40 (b) | 10,000 | 10,251 |
Future Tax Secured Sub Bonds Fiscal 2021 Series E1 | 4.00% | 02/01/49 (b) | 255,000 | 254,674 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/27 | 100,000 | 109,519 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/29 | 250,000 | 286,422 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/32 (b) | 180,000 | 212,354 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/33 (b) | 190,000 | 223,971 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 4.00% | 11/01/37 (b) | 200,000 | 211,560 |
Future Tax Secured Sub Bonds Fiscal 2022 Series A1 | 5.00% | 11/01/28 | 100,000 | 112,282 |
Future Tax Secured Sub Bonds Fiscal 2022 Series A1 | 4.00% | 11/01/38 (b) | 140,000 | 148,369 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B | 4.00% | 08/01/48 (b) | 150,000 | 150,088 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 5.00% | 08/01/26 | 95,000 | 100,890 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 3.00% | 08/01/40 (b) | 80,000 | 71,316 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 4.00% | 08/01/45 (b) | 85,000 | 85,387 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 3.00% | 08/01/48 (b) | 200,000 | 160,791 |
Future Tax Secured Sub Bonds Fiscal 2022 Series C1 | 5.00% | 02/01/37 (b) | 250,000 | 293,005 |
Future Tax Secured Sub Bonds Fiscal 2022 Series C1 | 5.00% | 02/01/47 (b) | 150,000 | 165,491 |
Future Tax Secured Sub Bonds Fiscal 2022 Series F1 | 5.00% | 02/01/40 (b) | 50,000 | 57,056 |
Future Tax Secured Sub Bonds Fiscal 2022 Series F1 | 5.00% | 02/01/42 (b) | 165,000 | 186,187 |
Future Tax Secured Sub Bonds Fiscal 2022 Series F1 | 5.00% | 02/01/47 (b) | 150,000 | 165,491 |
Future Tax Secured Sub Bonds Fiscal 2023 Series B1 | 5.00% | 11/01/25 | 250,000 | 260,747 |
Future Tax Secured Sub Bonds Fiscal 2023 Series B1 | 5.00% | 11/01/26 | 150,000 | 160,354 |
Future Tax Secured Sub Bonds Fiscal 2023 Series D1 | 5.25% | 11/01/48 (b) | 60,000 | 67,936 |
Future Tax Secured Sub Bonds Fiscal 2023 Series E1 | 5.00% | 11/01/28 | 100,000 | 112,282 |
Future Tax Secured Sub Bonds Fiscal 2023 Series E1 | 5.00% | 11/01/30 | 90,000 | 105,127 |
Future Tax Secured Sub Bonds Fiscal 2023 Series E1 | 5.00% | 11/01/32 | 150,000 | 181,542 |
Future Tax Secured Sub Bonds Fiscal 2023 Series F1 | 5.00% | 02/01/44 (b) | 200,000 | 226,114 |
Future Tax Secured Sub Bonds Fiscal 2024 Series A1 | 5.00% | 05/01/37 (b) | 200,000 | 238,479 |
Future Tax Secured Sub Bonds Fiscal 2024 Series C | 5.50% | 05/01/44 (b) | 200,000 | 238,671 |
RB Fiscal 2018 Series S1 | 4.00% | 07/15/36 (b) | 150,000 | 154,489 |
RB Fiscal 2019 Series S2A | 5.00% | 07/15/35 (b)(c) | 175,000 | 192,581 |
RB Series C1 | 4.00% | 05/01/45 (b) | 285,000 | 286,211 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series C1 | 5.00% | 11/01/34 (b) | 100,000 | 112,120 |
New York Convention Center Development | ||||
Refunding RB Series 2015 | 5.00% | 11/15/40 (b) | 125,000 | 127,065 |
New York Power Auth | ||||
RB Series 2020A | 4.00% | 11/15/45 (b) | 140,000 | 140,919 |
RB Series 2020A | 4.00% | 11/15/50 (b) | 100,000 | 100,085 |
RB Series 2020A | 4.00% | 11/15/55 (b) | 225,000 | 224,012 |
New York State | ||||
GO Bonds Series 2013A | 3.50% | 03/01/43 (b) | 70,000 | 66,339 |
New York State Dormitory Auth | ||||
Dormitory Facilities RB Series 2017A | 5.00% | 07/01/26 | 50,000 | 52,973 |
Financing RB Series 2019A | 5.00% | 10/01/25 (c) | 75,000 | 77,759 |
RB (Columbia Univ) Series 2017A | 5.00% | 10/01/47 (b) | 150,000 | 186,083 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB (Columbia Univ) Series 2020A | 5.00% | 10/01/50 (b) | 300,000 | 372,534 |
RB (Fordham Univ) Series 2020 | 4.00% | 07/01/46 (b) | 185,000 | 186,534 |
RB (New School Univ) Series 2016A | 4.00% | 07/01/43 (b) | 160,000 | 157,294 |
RB (New York Univ) Series 2016A | 5.00% | 07/01/33 (b) | 100,000 | 104,931 |
RB (New York Univ) Series 2019A | 4.00% | 07/01/45 (b) | 145,000 | 145,564 |
RB (New York Univ) Series 2021 | 4.00% | 07/01/46 (b) | 20,000 | 20,031 |
RB (Rockefeller Univ) Series 2019C | 4.00% | 07/01/49 (b) | 150,000 | 148,081 |
RB Series 2015A | 5.00% | 07/01/35 (b) | 200,000 | 205,581 |
RB Series 2019A | 4.00% | 07/01/44 (b) | 100,000 | 101,301 |
RB Series 2020A | 5.00% | 10/01/34 (b)(c) | 65,000 | 71,799 |
RB Series 2022A | 5.00% | 10/01/26 (c) | 120,000 | 127,999 |
RB Series 2022A | 5.00% | 10/01/32 (b)(c) | 125,000 | 145,313 |
RB Serries 2023A | 5.00% | 10/01/34 (b) | 145,000 | 178,585 |
Refunding RB (Cornell Univ) Series 2020A | 4.00% | 07/01/50 (b) | 275,000 | 270,725 |
Sales Tax RB Series 2015B | 5.00% | 03/15/45 (b) | 100,000 | 101,752 |
Sales Tax RB Series 2018A | 5.00% | 03/15/40 (b) | 50,000 | 53,411 |
Sales Tax RB Series 2018E | 5.00% | 03/15/48 (b) | 250,000 | 265,161 |
State Personal Income Tax RB Series 2014C | 5.00% | 03/15/29 (b) | 100,000 | 100,329 |
State Personal Income Tax RB Series 2014C | 5.00% | 03/15/38 (b) | 75,000 | 75,167 |
State Personal Income Tax RB Series 2014E | 5.00% | 02/15/33 (b) | 100,000 | 101,838 |
State Personal Income Tax RB Series 2015A | 5.00% | 03/15/31 (b) | 125,000 | 127,588 |
State Personal Income Tax RB Series 2015A | 4.00% | 03/15/32 (b) | 175,000 | 177,657 |
State Personal Income Tax RB Series 2015B | 5.00% | 02/15/27 (a)(b) | 60,000 | 61,466 |
State Personal Income Tax RB Series 2015B | 5.00% | 02/15/32 (b) | 200,000 | 203,721 |
State Personal Income Tax RB Series 2015B | 5.00% | 02/15/39 (b) | 100,000 | 101,289 |
State Personal Income Tax RB Series 2015E | 5.00% | 03/15/32 (b) | 80,000 | 82,386 |
State Personal Income Tax RB Series 2015E | 3.25% | 03/15/36 (b) | 55,000 | 53,867 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/33 (b) | 200,000 | 210,368 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/36 (b) | 100,000 | 104,695 |
State Personal Income Tax RB Series 2016D | 5.00% | 02/15/27 (a)(b) | 75,000 | 79,658 |
State Personal Income Tax RB Series 2017A | 5.00% | 02/15/27 (a) | 75,000 | 80,699 |
State Personal Income Tax RB Series 2017A | 4.00% | 02/15/35 (b) | 125,000 | 129,396 |
State Personal Income Tax RB Series 2017A | 5.00% | 02/15/38 (b) | 100,000 | 105,476 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/28 (a)(b) | 310,000 | 337,618 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/37 (b) | 55,000 | 58,705 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/38 (b) | 125,000 | 133,016 |
State Personal Income Tax RB Series 2018A | 5.00% | 03/15/32 (b) | 100,000 | 110,913 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/34 (b) | 155,000 | 174,098 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/39 (b) | 60,000 | 65,410 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/46 (b) | 250,000 | 267,516 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/30 | 200,000 | 230,456 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/33 (b) | 200,000 | 230,131 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/41 (b) | 100,000 | 109,765 |
State Personal Income Tax RB Series 2019D | 4.00% | 02/15/47 (b) | 100,000 | 99,879 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/48 (b) | 215,000 | 231,200 |
State Personal Income Tax RB Series 2020A | 4.00% | 03/15/36 (b) | 160,000 | 171,685 |
State Personal Income Tax RB Series 2020A | 3.00% | 03/15/41 (b) | 295,000 | 260,796 |
State Personal Income Tax RB Series 2021A | 5.00% | 02/15/25 (a) | 460,000 | 470,981 |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/31 | 200,000 | 235,082 |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/34 (b) | 60,000 | 70,255 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/35 (b) | 150,000 | 174,612 |
State Personal Income Tax RB Series 2021A | 4.00% | 03/15/37 (b) | 200,000 | 213,444 |
State Personal Income Tax RB Series 2021E | 5.00% | 03/15/29 | 375,000 | 424,348 |
State Personal Income Tax RB Series 2021E | 5.00% | 03/15/34 (b) | 250,000 | 298,104 |
State Personal Income Tax RB Series 2021E | 4.00% | 03/15/44 (b) | 105,000 | 105,722 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/41 (b) | 305,000 | 343,665 |
State Personal Income Tax RB Series 2022A | 4.00% | 03/15/42 (b) | 520,000 | 527,031 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/46 (b) | 200,000 | 220,571 |
State Personal Income Tax RB Series 2022A | 3.50% | 03/15/52 (b) | 185,000 | 163,501 |
State Personal Income Tax Refunding RB Series 2016D | 5.00% | 02/15/28 (a)(b) | 330,000 | 350,497 |
State Sales Tax RB Series 2014A | 5.00% | 03/15/31 (b) | 90,000 | 90,309 |
State Sales Tax RB Series 2015B | 5.00% | 03/15/30 (b) | 190,000 | 196,114 |
State Sales Tax RB Series 2016A | 5.00% | 03/15/27 (a)(b) | 150,000 | 160,270 |
State Sales Tax RB Series 2016A | 5.00% | 03/15/31 (b) | 200,000 | 211,127 |
State Sales Tax RB Series 2016A | 5.00% | 03/15/32 (b) | 180,000 | 189,918 |
State Sales Tax RB Series 2017A | 5.00% | 03/15/31 (b) | 150,000 | 161,419 |
State Sales Tax RB Series 2018A | 5.00% | 03/15/36 (b) | 140,000 | 152,536 |
State Sales Tax RB Series 2018A | 5.00% | 03/15/45 (b) | 105,000 | 111,270 |
State Sales Tax RB Series 2018A | 4.00% | 03/15/47 (b) | 75,000 | 74,876 |
State Sales Tax RB Series 2018C | 5.00% | 03/15/30 (b) | 155,000 | 170,900 |
State Sales Tax RB Series 2018E | 5.00% | 03/15/34 (b) | 160,000 | 177,474 |
State Sales Tax RB Series 2018E | 5.00% | 03/15/41 (b) | 400,000 | 429,770 |
New York State Environmental Facilities Corp | ||||
State Clean Water & Drinking Water Revolving Funds RB Series 2020A | 4.00% | 06/15/45 (b) | 150,000 | 151,656 |
State Clean Water & Drinking Water Revolving Funds RB Series 2022A | 5.00% | 06/15/51 (b) | 250,000 | 274,240 |
New York State Thruway Auth | ||||
General RB Series J | 5.00% | 01/01/41 (b) | 100,000 | 100,067 |
General RB Series L | 5.00% | 01/01/35 (b) | 130,000 | 141,313 |
General Refunding RB Series L | 5.00% | 01/01/30 (b) | 100,000 | 109,712 |
General Revenue Jr Obligations Series 2019B | 4.00% | 01/01/41 (b) | 125,000 | 126,207 |
General Revenue Jr Obligations Series 2019B | 3.00% | 01/01/53 (b)(c) | 85,000 | 67,267 |
Jr GO RB Series 2019B | 4.00% | 01/01/39 (b) | 175,000 | 177,789 |
Jr Obligation RB Series 2019B | 5.00% | 01/01/30 | 135,000 | 154,215 |
Jr RB Series 2016A | 4.00% | 01/01/51 (b) | 85,000 | 83,260 |
State Personal Income Tax RB Series 2021A1 | 5.00% | 03/15/35 (b) | 250,000 | 292,276 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/41 (b) | 250,000 | 254,934 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/45 (b) | 220,000 | 221,748 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/56 (b) | 335,000 | 328,181 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/30 | 200,000 | 230,954 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/39 (b) | 190,000 | 219,724 |
State Personal Income Tax RB Series 2022A | 4.00% | 03/15/43 (b) | 230,000 | 233,438 |
New York State Urban Development Corp | ||||
Sales Tax RB Series 2021A | 3.00% | 03/15/50 (b) | 120,000 | 95,818 |
State Personal Income Tax RB Series 2016A | 5.00% | 03/15/26 | 55,000 | 57,891 |
State Personal Income Tax RB Series 2016A | 5.00% | 03/15/27 (a)(b) | 55,000 | 57,798 |
State Personal Income Tax RB Series 2017A | 5.00% | 03/15/27 (a) | 155,000 | 167,361 |
State Personal Income Tax RB Series 2017A | 5.00% | 03/15/34 (b) | 200,000 | 213,810 |
State Personal Income Tax RB Series 2017C | 5.00% | 03/15/32 (b) | 350,000 | 379,535 |
State Personal Income Tax RB Series 2017C | 5.00% | 03/15/39 (b) | 200,000 | 212,045 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/35 (b) | 100,000 | 112,943 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
State Personal Income Tax RB Series 2019A | 4.00% | 03/15/46 (b) | 250,000 | 250,942 |
State Personal Income Tax RB Series 2020A | 4.00% | 03/15/49 (b) | 170,000 | 170,370 |
State Personal Income Tax RB Series 2020A | 3.00% | 03/15/50 (b) | 105,000 | 83,204 |
State Personal Income Tax RB Series 2020C | 5.00% | 03/15/26 | 110,000 | 115,783 |
State Personal Income Tax RB Series 2020C | 5.00% | 03/15/43 (b) | 215,000 | 237,352 |
State Personal Income Tax RB Series 2020E | 4.00% | 03/15/35 (b) | 245,000 | 258,904 |
State Personal Income Tax RB Series 2020E | 4.00% | 03/15/46 (b) | 150,000 | 151,139 |
State Sales Tax RB Series 2019A | 4.00% | 03/15/42 (b) | 200,000 | 203,195 |
State Sales Tax RB Series 2019A | 4.00% | 03/15/43 (b) | 100,000 | 101,351 |
State Sales Tax RB Series 2021A | 4.00% | 03/15/43 (b) | 325,000 | 330,681 |
State Sales Tax RB Series 2021A | 4.00% | 03/15/44 (b) | 60,000 | 60,870 |
State Sales Tax RB Series 2021A | 4.00% | 03/15/47 (b) | 150,000 | 150,777 |
Onondaga Cnty | ||||
RB (Syracuse Univ) Series 2019 | 4.00% | 12/01/49 (b) | 155,000 | 154,390 |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 175th Series | 3.25% | 12/01/42 (b) | 75,000 | 67,253 |
Consolidated Bonds 184th Series | 5.00% | 09/01/35 (b) | 10,000 | 10,094 |
Consolidated Bonds 194th Series | 5.00% | 10/15/28 (b) | 100,000 | 103,926 |
Consolidated Bonds 194th Series | 5.00% | 10/15/41 (b) | 130,000 | 133,229 |
Consolidated Bonds 200th Series | 5.25% | 10/15/57 (b) | 200,000 | 208,896 |
Consolidated Bonds 205th Series | 5.00% | 11/15/34 (b) | 125,000 | 135,853 |
Consolidated Bonds 209th Series | 5.00% | 07/15/32 (b) | 150,000 | 164,792 |
Consolidated Bonds 211th Series | 4.00% | 09/01/43 (b) | 150,000 | 151,491 |
Consolidated Bonds 212th Series | 5.00% | 09/01/34 (b) | 135,000 | 153,196 |
Consolidated Bonds 212th Series | 4.00% | 09/01/37 (b) | 50,000 | 52,116 |
Consolidated Bonds 213th Series | 5.00% | 09/01/34 (b) | 200,000 | 226,956 |
Consolidated Bonds 217th Series | 4.00% | 11/01/41 (b) | 200,000 | 203,782 |
Consolidated Bonds 217th Series | 5.00% | 11/01/44 (b) | 120,000 | 129,858 |
Consolidated Bonds 240th Series | 5.00% | 07/15/53 (b) | 200,000 | 220,482 |
Consolidated Bonds S205th Series | 5.00% | 11/15/32 (b) | 100,000 | 109,085 |
Sales Tax Asset Receivable Corp | ||||
RB Fiscal 2015 Series A | 5.00% | 10/15/31 (a)(b) | 265,000 | 269,429 |
Suffolk Cnty Water Auth | ||||
Water System Refunding RB Series 2015 | 4.00% | 06/01/31 (b) | 100,000 | 102,286 |
Water System Refunding RB Series 2015 | 3.00% | 06/01/32 (b) | 300,000 | 297,831 |
Triborough Bridge & Tunnel Auth | ||||
2nd Sub Revenue BAN Series 2021A | 5.00% | 11/01/25 | 165,000 | 171,913 |
General RB Series 2015A | 5.00% | 11/15/50 (b) | 150,000 | 152,097 |
General RB Series 2018A | 5.00% | 11/15/45 (b) | 200,000 | 211,720 |
General RB Series 2018A | 4.00% | 11/15/47 (b) | 200,000 | 199,222 |
General RB Series 2021A | 5.00% | 11/15/51 (b) | 140,000 | 151,772 |
General RB Series 2022A | 5.00% | 11/15/47 (b) | 290,000 | 321,045 |
General Refunding RB Series 2017B | 5.00% | 11/15/34 (b) | 175,000 | 187,263 |
General Refunding RB Series 2017C1 | 5.00% | 11/15/25 | 200,000 | 208,994 |
General Refunding RB Series 2018B | 5.00% | 11/15/30 | 50,000 | 58,620 |
General Refunding RB Series 2018C | 5.00% | 11/15/37 (b) | 185,000 | 200,840 |
General Refunding RB Series 2023A | 5.00% | 11/15/31 | 120,000 | 143,205 |
Payroll Mobility Tax Sr Lien Bonds Series 2021C1A | 5.00% | 05/15/51 (b) | 100,000 | 108,986 |
Payroll Mobility Tax Sr Lien Bonds Series 2021C3 | 2.50% | 05/15/51 (b) | 100,000 | 69,594 |
Payroll Mobility Tax Sr Lien Bonds Series 2022A | 5.00% | 05/15/57 (b) | 200,000 | 217,737 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Payroll Mobility Tax Sr Lien Bonds Series 2022C | 5.00% | 05/15/47 (b) | 145,000 | 159,771 |
Payroll Mobility Tax Sr Lien Bonds Series 2022C | 5.25% | 05/15/52 (b) | 250,000 | 278,500 |
Payroll Mobility Tax Sr Lien Bonds Series 2022D2 | 5.50% | 05/15/52 (b) | 100,000 | 114,182 |
Payroll Mobility Tax Sr Lien RB Series 2022A | 5.00% | 05/15/52 | 250,000 | 307,512 |
Payroll Mobility Tax Sr Lien Refunding Bonds Series 2022B | 5.00% | 05/15/26 | 200,000 | 211,759 |
Payroll Mobility Tax Sr Lien Refunding Bonds Series 2022B | 5.00% | 05/15/29 | 130,000 | 148,252 |
Payroll Mobility Tax Sr Lien Refunding Bonds Series 2022E-2B | 5.00% | 11/15/27 (b) | 200,000 | 217,840 |
Payroll Mobility Tax Sr Lien Refunding Bonds Series 2023A | 5.00% | 11/15/34 (b) | 65,000 | 79,385 |
Payroll Mobility Tax Sr Lien Refunding RB Series 2023A | 5.00% | 11/15/24 | 115,000 | 117,188 |
Sales Tax RB Series 2022A | 4.00% | 05/15/52 (b) | 200,000 | 196,554 |
Sales Tax RB Series 2022A | 4.00% | 05/15/57 (b) | 150,000 | 145,570 |
Sales Tax RB Series 2023A | 4.13% | 05/15/53 (b) | 100,000 | 99,698 |
Sales Tax RB Series 2023A | 4.25% | 05/15/58 (b) | 100,000 | 100,269 |
Sr Lien RB Series 2021A1 | 5.00% | 05/15/51 (b) | 75,000 | 81,306 |
Sr Lien RB Series 2021C3 | 4.00% | 05/15/51 (b) | 225,000 | 224,486 |
Sr Lien RB Series 2022A | 4.00% | 05/15/51 (b) | 175,000 | 174,600 |
Sr Lien RB Series 2022D2 | 4.50% | 05/15/47 (b) | 20,000 | 20,714 |
Sub Refunding RB Series 2013A | 0.00% | 11/15/31 (d) | 305,000 | 231,276 |
Utility Debt Securitization Auth | ||||
RB Series 2015 | 3.00% | 12/15/32 (b) | 50,000 | 50,201 |
RB Series 2015 | 5.00% | 12/15/35 (b) | 150,000 | 155,722 |
RB Series 2017 | 5.00% | 12/15/41 (b) | 125,000 | 133,824 |
Restructuring Bonds Series 2015 | 5.00% | 12/15/33 (b) | 250,000 | 260,261 |
Restructuring Bonds Series 2015 | 5.00% | 12/15/36 (b) | 250,000 | 258,815 |
Restructuring RB Series 2022TE1 | 5.00% | 06/15/31 (b) | 85,000 | 96,916 |
Restructuring RB Series 2022TE1 | 5.00% | 12/15/31 (b) | 195,000 | 224,591 |
62,603,438 | ||||
NORTH CAROLINA 1.0% | ||||
Charlotte | ||||
Airport RB Series 2022A | 4.00% | 07/01/52 (b) | 200,000 | 201,067 |
North Carolina | ||||
GO Bonds Series 2019B | 5.00% | 06/01/29 | 85,000 | 96,841 |
GO Refunding Bonds Series 2016A | 5.00% | 06/01/28 (b) | 60,000 | 63,751 |
Limited Obligation Bonds Series 2020B | 5.00% | 05/01/31 (b) | 175,000 | 202,001 |
Limited Obligation RB Series 2020B | 3.00% | 05/01/34 (b) | 60,000 | 58,925 |
Limited Obligation Refunding Bonds Series 2017B | 5.00% | 05/01/27 | 100,000 | 108,292 |
Refunding RB Series 2014B | 5.00% | 06/01/24 | 150,000 | 151,311 |
Vehicle RB Series 2019 | 5.00% | 03/01/30 (b) | 200,000 | 225,244 |
North Carolina Capital Facilities Finance Agency | ||||
RB (Duke Univ) Series 2015B | 5.00% | 10/01/55 (a)(b) | 100,000 | 103,818 |
Refunding RB (Duke Univ) Series 2016B | 5.00% | 07/01/42 (b) | 100,000 | 103,657 |
North Carolina Municipal Power Agency No 1 | ||||
Electric Refunding RB Series 2015A | 5.00% | 01/01/27 (b) | 60,000 | 62,522 |
North Carolina Turnpike Auth | ||||
BAN 2020 | 5.00% | 02/01/24 (a) | 250,000 | 250,261 |
RB Series 2019 | 0.00% | 01/01/40 (b)(d) | 200,000 | 107,358 |
RB Series 2019 | 0.00% | 01/01/41 (b)(d) | 195,000 | 99,687 |
Sr Lien RB Series 2019 | 4.00% | 01/01/55 (b) | 200,000 | 188,330 |
Toll RB (Monroe Expressway) Series 2016A | 5.00% | 07/01/54 (b) | 200,000 | 203,162 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Raleigh | ||||
Enterprise System Refunding RB Series 2023 | 5.00% | 09/01/48 (b) | 250,000 | 283,240 |
2,509,467 | ||||
OHIO 0.9% | ||||
American Municipal Power Ohio | ||||
RB (Greenup Hydroelectric) Series 2016A | 5.00% | 02/15/41 (b) | 275,000 | 281,607 |
Hamilton Cnty | ||||
Sales Tax Refunding Bonds Series 2016A | 5.00% | 12/01/30 (b) | 75,000 | 79,773 |
Northeast Ohio Regional Sewer District | ||||
RB Series 2014 | 4.00% | 11/15/49 (a)(b) | 215,000 | 216,972 |
Wastewater Refunding RB Series 2019 | 3.00% | 11/15/38 (b) | 75,000 | 68,929 |
Ohio | ||||
GO Refunding Bonds Series 2015A | 5.00% | 09/15/24 | 75,000 | 76,170 |
GO Refunding Bonds Series 2015A | 5.00% | 09/01/25 | 100,000 | 103,961 |
GO Refunding Bonds Series 2020B | 5.00% | 08/01/25 | 100,000 | 103,742 |
Ohio Higher Educational Facility Commission | ||||
Education Facility RB (John Carroll Univ 2022) | 4.00% | 10/01/52 (b) | 75,000 | 66,813 |
Refunding RB (Case Western Reserve Univ) Series 2016 | 5.00% | 12/01/40 (b) | 200,000 | 208,393 |
Ohio State Univ | ||||
General RB Series 2020A | 5.00% | 12/01/29 | 140,000 | 160,251 |
Ohio Turnpike Commission | ||||
Jr Lien RB Series 2018A | 5.00% | 02/15/32 (b) | 200,000 | 218,585 |
Jr Lien Refunding RB Series 2022A | 5.00% | 02/15/31 | 50,000 | 58,432 |
Turnpike Jr Lien RB Series 2018A | 4.00% | 02/15/32 (b) | 125,000 | 131,005 |
Turnpike Jr RB Series 2013A2 | 0.00% | 02/15/36 (d) | 200,000 | 131,064 |
Turnpike RB Series 2021A | 5.00% | 02/15/46 (b) | 200,000 | 218,781 |
Ohio Water Development Auth | ||||
RB Series 2019 | 5.00% | 12/01/29 (b) | 150,000 | 171,436 |
2,295,914 | ||||
OKLAHOMA 0.5% | ||||
Canadian Cnty Educational Facilities Auth | ||||
Lease RB (Mustang Public Schools) Series 2017 | 3.00% | 09/01/29 (b) | 200,000 | 198,219 |
Oklahoma Grand River Dam Auth | ||||
Refunding RB Series 2016A | 5.00% | 06/01/31 (b) | 75,000 | 78,934 |
Oklahoma Turnpike Auth | ||||
2nd Sr RB Series 2017C | 4.00% | 01/01/42 (b) | 100,000 | 100,651 |
2nd Sr RB Series 2023 | 5.50% | 01/01/53 (b) | 150,000 | 169,584 |
2nd Sr Refunding RB Series 2017D | 5.00% | 01/01/26 | 105,000 | 110,070 |
Turnpike System 2nd Sr Refunding RB Series 2017D | 5.00% | 01/01/28 | 75,000 | 82,267 |
Oklahoma Univ | ||||
General RB Series 2021A | 5.00% | 07/01/46 (b)(c) | 135,000 | 145,742 |
Oklahoma Water Resources Board | ||||
Revolving Fund RB Series 2023A | 4.13% | 04/01/53 (b) | 200,000 | 200,979 |
Tulsa Public Facilities Auth | ||||
RB Series 2019 | 5.00% | 06/01/25 | 125,000 | 128,713 |
1,215,159 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
OREGON 0.9% | ||||
Beaverton SD #48J | ||||
GO Bonds Series 2014 | 5.00% | 06/15/28 (a)(b)(c) | 100,000 | 100,913 |
GO Bonds Series 2014B | 5.00% | 06/15/31 (a)(b)(c) | 250,000 | 252,282 |
GO Bonds Series 2022B | 5.00% | 06/15/52 (b)(c) | 250,000 | 273,494 |
Marion & Polk Cnty SD | ||||
GO Bonds Series 2018 | 5.00% | 06/15/37 (b)(c) | 75,000 | 81,762 |
North Clackamas SD #12 | ||||
GO Bonds Series 2017B | 5.00% | 06/15/37 (b)(c) | 200,000 | 213,037 |
Oregon | ||||
GO Bonds Series 2023A | 5.00% | 05/01/38 (b) | 75,000 | 88,862 |
GO Bonds Series 2023A | 5.00% | 05/01/43 (b) | 110,000 | 126,146 |
Oregon Dept of Transportation | ||||
Highway Sub Lien Refunding RB Series 2019A | 5.00% | 11/15/36 (b) | 200,000 | 225,778 |
Highway Tax Sub Lien RB Series 2020A | 5.00% | 11/15/40 (b) | 290,000 | 326,157 |
Portland | ||||
2nd Lien Sewer System Refunding RB Series 2023A | 5.00% | 12/01/47 (b) | 100,000 | 111,260 |
Tri-Cnty Metropolitan Transportation District | ||||
Sr Lien Payroll Tax RB Series 2018A | 5.00% | 09/01/43 (a)(b) | 305,000 | 333,012 |
2,132,703 | ||||
PENNSYLVANIA 3.5% | ||||
Allegheny Cnty Sanitary Auth | ||||
Sewer RB Series 2018 | 5.00% | 06/01/43 (b) | 150,000 | 159,792 |
Sewer RB Series 2018 | 4.00% | 06/01/48 (b) | 70,000 | 69,409 |
Delaware River Port Auth | ||||
RB Series 2013 | 5.00% | 01/01/31 (a)(b) | 120,000 | 120,000 |
RB Series 2013 | 5.00% | 01/01/40 (b) | 50,000 | 50,065 |
Delaware Valley Regional Finance Auth | ||||
Local Government RB Series 2002 | 5.75% | 07/01/32 | 90,000 | 108,775 |
RB Series 1998A | 5.50% | 08/01/28 (c) | 135,000 | 150,496 |
Lehigh Cnty Auth | ||||
Water & Sewer RB Series 2013A | 5.00% | 12/01/43 (b) | 100,000 | 100,047 |
Northampton Cnty General Purpose Auth | ||||
College Refunding RB (Lafayette College) Series 2017 | 5.00% | 11/01/34 (b) | 250,000 | 268,864 |
Pennsylvania | ||||
GO Bonds 1st Refunding Series 2023 | 5.00% | 09/01/32 | 200,000 | 238,773 |
GO Bonds 1st Series 2014 | 4.00% | 06/15/33 (b) | 15,000 | 15,065 |
GO Bonds 1st Series 2015 | 5.00% | 03/15/24 | 100,000 | 100,416 |
GO Bonds 1st Series 2015 | 5.00% | 03/15/25 | 75,000 | 77,023 |
GO Bonds 1st Series 2015 | 5.00% | 03/15/32 (b) | 220,000 | 224,346 |
GO Bonds 1st Series 2016 | 3.13% | 02/01/36 (b)(c) | 160,000 | 160,055 |
GO Bonds 1st Series 2018 | 3.75% | 03/01/39 (b)(c) | 100,000 | 100,774 |
GO Bonds 1st Series 2020 | 2.00% | 05/01/39 (b) | 75,000 | 56,486 |
GO Bonds 1st Series 2022 | 5.00% | 10/01/25 | 200,000 | 208,157 |
GO Bonds 1st Series 2022 | 5.00% | 10/01/38 (b) | 150,000 | 174,573 |
GO Bonds 2nd Series 2015 | 4.00% | 08/15/34 (b) | 75,000 | 75,778 |
GO Bonds 2nd Series 2016 | 5.00% | 09/15/25 | 100,000 | 103,963 |
GO Bonds 2nd Series 2016 | 4.00% | 09/15/32 (b) | 125,000 | 128,533 |
GO Bonds 2nd Series 2016 | 3.00% | 09/15/36 (b) | 125,000 | 122,463 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Series 2018 | 4.00% | 03/01/36 (b) | 115,000 | 119,189 |
GO Refunding Bonds 1st Series 2016 | 5.00% | 09/15/26 | 200,000 | 213,029 |
GO Refunding Bonds 2nd Series 2016 | 5.00% | 01/15/25 | 120,000 | 122,757 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/26 | 120,000 | 125,699 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/27 | 360,000 | 386,044 |
Pennsylvania Higher Educational Facilities Auth | ||||
RB (Thomas Jefferson Univ) Series 2015A | 5.25% | 09/01/50 (b) | 250,000 | 252,054 |
RB (Univ of Pennsylvania) Series 2018A | 4.00% | 02/15/43 (b) | 200,000 | 201,123 |
State System Higher Education Series AT1 | 3.00% | 06/15/45 (b) | 55,000 | 44,375 |
Pennsylvania Public School Building Auth | ||||
GO Refunding RB Series 2016A | 5.00% | 06/01/33 (b)(c) | 170,000 | 178,820 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2014A | 5.00% | 12/01/44 (b) | 150,000 | 151,596 |
RB Series 2021A | 5.00% | 12/01/46 (b) | 125,000 | 136,969 |
Refunding RB Series 2019 | 5.00% | 12/01/25 | 65,000 | 67,816 |
Sr RB Series 2021A | 4.00% | 12/01/51 (b) | 30,000 | 29,143 |
Sub RB Series 2015A1 | 4.00% | 12/01/41 (b) | 110,000 | 110,514 |
Sub RB Series 2017B2 | 4.00% | 06/01/38 (b) | 125,000 | 127,307 |
Sub RB Series 2017B2 | 4.00% | 06/01/39 (b) | 100,000 | 101,170 |
Sub RB Series 2019A | 5.00% | 12/01/44 (b) | 55,000 | 59,133 |
Sub RB Series 2021B | 5.00% | 12/01/46 (b) | 200,000 | 212,763 |
Sub Refunding RB 3rd Series 2016A | 5.00% | 12/01/30 (b) | 190,000 | 201,320 |
Sub Refunding RB 3rd Series 2016A | 3.38% | 12/01/41 (b) | 370,000 | 331,049 |
Sub Turnpike Refunding RB 3rd Series 2017 | 5.00% | 12/01/40 (b) | 200,000 | 209,585 |
Turnpike RB Series 2015B | 5.00% | 12/01/45 (b) | 100,000 | 101,772 |
Turnpike RB Series 2019A | 5.00% | 12/01/44 (b) | 200,000 | 215,931 |
Turnpike Refunding RB Series 2019 | 5.00% | 12/01/24 | 75,000 | 76,402 |
Turnpike Sr RB Series 2015B | 5.00% | 12/01/40 (b) | 90,000 | 92,016 |
Turnpike Sub RB Series 2021A | 4.00% | 12/01/43 (b) | 60,000 | 60,482 |
Turnpike Sub Refunding RB 2nd Series 2017 | 5.00% | 12/01/34 (b) | 60,000 | 64,253 |
Philadelphia | ||||
Gas RB 16th Series A | 5.00% | 08/01/50 (b)(c) | 280,000 | 301,778 |
GO Bonds Series 2015B | 4.00% | 08/01/35 (b) | 100,000 | 101,205 |
Water & Wastewater RB Series 2015A | 5.00% | 07/01/45 (a)(b) | 60,000 | 60,592 |
Water & Wastewater RB Series 2019B | 5.00% | 11/01/49 (b) | 200,000 | 212,519 |
Water & Wastewater Refunding RB Series 2017B | 5.00% | 11/01/29 (b) | 120,000 | 130,167 |
Water & Wastewater Refunding RB Series 2017B | 5.00% | 11/01/31 (b) | 80,000 | 85,823 |
Philadelphia IDA | ||||
RB (Thomas Jefferson Univ) Series 2017A | 5.00% | 09/01/47 (b) | 200,000 | 203,704 |
Philadelphia SD | ||||
GO Bonds Series 2018B | 4.00% | 09/01/43 (b)(c) | 195,000 | 196,025 |
GO Refunding Bonds Series 2016F | 5.00% | 09/01/28 (b)(c) | 110,000 | 115,200 |
Pittsburgh PA Water & Sewer Auth Sub | ||||
Water & Sewer System Sub Refunding RB Series 2019B | 4.00% | 09/01/34 (b)(c) | 50,000 | 52,363 |
Pittsburgh Water & Sewer Auth | ||||
Water & Sewer System Sub Refunding RB Series 2019B | 5.00% | 09/01/32 (c) | 200,000 | 239,289 |
Univ of Pittsburgh | ||||
General RB Series 2021 | 4.00% | 04/15/26 (b) | 75,000 | 77,163 |
8,581,992 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RHODE ISLAND 0.1% | ||||
Rhode Island Comm Corp | ||||
Grant Anticipation Bonds Series 2016B | 5.00% | 06/15/27 (b) | 85,000 | 89,372 |
Rhode Island Health & Educational Building Corp | ||||
Education Facility RB (Providence College) Series 2023 | 5.00% | 11/01/53 (b) | 150,000 | 163,083 |
252,455 | ||||
SOUTH CAROLINA 0.5% | ||||
Charleston Educational Excellence Financing Corp | ||||
Refunding RB Series 2023 | 5.00% | 12/01/26 | 75,000 | 80,161 |
Piedmont Municipal Power Agency | ||||
Electric Refunding RB Series 2021C | 5.00% | 01/01/34 (b) | 80,000 | 83,537 |
South Carolina Public Service Auth | ||||
RB Series 2013B | 5.00% | 12/01/38 (b) | 100,000 | 100,025 |
RB Series A | 5.50% | 12/01/54 (b) | 175,000 | 175,489 |
Refunding RB Series 2016A | 5.00% | 12/01/29 (b) | 85,000 | 88,534 |
Refunding RB Series 2016A | 5.00% | 12/01/30 (b) | 125,000 | 129,871 |
Refunding RB Series 2016B | 5.00% | 12/01/46 (b) | 100,000 | 101,502 |
Refunding RB Series 2022A | 4.00% | 12/01/52 (b) | 150,000 | 142,458 |
Revenue & Refunding Bonds Series 2020A | 5.00% | 12/01/31 (b) | 75,000 | 84,103 |
South Carolina Transportation Infrastructure Bank | ||||
Refunding RB Series 2021B | 5.00% | 10/01/25 | 105,000 | 109,228 |
Refunding RB Series 2021B | 5.00% | 10/01/28 | 180,000 | 200,681 |
1,295,589 | ||||
TENNESSEE 0.2% | ||||
Metro Government of Nashville & Davidson Cnty | ||||
GO Bonds Series 2017 | 4.00% | 07/01/34 (b) | 200,000 | 205,180 |
GO Bonds Series 2018 | 4.00% | 07/01/33 (b) | 125,000 | 130,720 |
GO Bonds Series 2021C | 3.00% | 01/01/34 (b) | 125,000 | 122,420 |
GO Improvement Bonds Series 2018 | 5.00% | 07/01/30 (b) | 95,000 | 105,253 |
563,573 | ||||
TEXAS 9.2% | ||||
Alamo CCD | ||||
Maintenance Tax Notes Series 2022 | 5.00% | 02/15/25 | 50,000 | 51,221 |
Aubrey ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 02/15/47 (b)(c) | 200,000 | 203,075 |
Austin | ||||
Airport System RB Series 2017A | 5.00% | 11/15/46 (b) | 150,000 | 154,169 |
Electric Utility System Refunding RB Series 2020A | 5.00% | 11/15/50 (b) | 200,000 | 213,828 |
Water & Wastewater System Refunding RB Series 2022 | 5.00% | 11/15/28 | 55,000 | 61,597 |
Austin ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/01/25 | 75,000 | 77,629 |
Bexar Cnty | ||||
LT Refunding Bonds Series 2017 | 4.00% | 06/15/41 (b) | 220,000 | 219,846 |
Tax Refunding Bonds Series 2017 | 5.00% | 06/15/43 (a)(b) | 250,000 | 263,115 |
Carrollton ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 150,000 | 150,473 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Central Texas Regional Mobility Auth | ||||
Sub Lien BAN Series 2021C | 5.00% | 01/01/27 (b) | 100,000 | 103,611 |
Cleburne ISD | ||||
ULT GO Bonds Series 2016 | 5.00% | 02/15/41 (b)(c) | 90,000 | 92,611 |
Conroe ISD | ||||
ULT GO Bonds Series 2022A | 4.00% | 02/15/47 (b)(c) | 200,000 | 201,542 |
Crowley ISD | ||||
ULT GO Bonds Series 2023 | 5.25% | 02/01/53 (b)(c) | 250,000 | 282,580 |
Cypress-Fairbanks ISD | ||||
ULT GO Refunding Bonds Series 2016 | 5.00% | 02/15/26 (c) | 60,000 | 62,957 |
Dallas | ||||
GO Refunding Bonds Series 2017 | 3.00% | 02/15/33 (b)(c) | 125,000 | 122,276 |
GO Refunding Bonds Series 2017 | 3.13% | 02/15/35 (b)(c) | 100,000 | 97,638 |
Waterworks & Sewer System Refunding RB Series 2023A | 4.00% | 10/01/52 (b) | 175,000 | 175,685 |
Dallas Area Rapid Transit | ||||
Sr Lien Sales Tax Refunding RB Series 2007 | 5.25% | 12/01/30 (b)(c) | 315,000 | 372,423 |
Sr Lien Sales Tax Refunding RB Series 2016A | 5.00% | 12/01/46 (a)(b) | 130,000 | 135,508 |
Sr Lien Sales Tax Refunding RB Series 2021B | 4.00% | 12/01/51 (b) | 200,000 | 197,210 |
Dallas ISD | ||||
ULT GO Bonds Series 2016A | 3.00% | 02/15/36 (b)(c) | 150,000 | 140,962 |
Dallas-Fort Worth International Airport | ||||
Jt Refunding RB Series 2020A | 5.00% | 11/01/24 | 200,000 | 203,342 |
Jt Refunding RB Series 2021B | 5.00% | 11/01/25 | 115,000 | 119,588 |
Refunding RB Series 2020A | 5.00% | 11/01/27 | 230,000 | 250,837 |
Refunding RB Series 2021A | 4.00% | 11/01/46 (b) | 55,000 | 55,249 |
Denton ISD | ||||
ULT GO Bonds Series 2020 | 2.00% | 08/15/48 (b)(c) | 150,000 | 94,380 |
ULT GO Bonds Series 2023 | 5.00% | 08/15/53 (b)(c) | 100,000 | 110,739 |
El Paso | ||||
GO Bonds Series 2016 | 4.00% | 08/15/42 (b) | 235,000 | 235,654 |
Water & Sewer Refunding RB Series 2022 | 5.00% | 03/01/52 (b) | 250,000 | 269,146 |
Water & Sewer Refunding RB Series 2022A | 4.00% | 03/01/44 (b) | 200,000 | 201,076 |
Forney ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/15/48 (b)(c) | 200,000 | 221,641 |
Friendswood ISD | ||||
ULT GO Bonds Series 2021 | 2.00% | 02/15/51 (b)(c) | 50,000 | 30,159 |
Grand Parkway Transportation Corp | ||||
1st Tier Toll Refunding RB Series 2020C | 4.00% | 10/01/45 (b) | 250,000 | 250,161 |
1st Tier Toll Refunding RB Series 2020C | 3.00% | 10/01/50 (b) | 100,000 | 74,429 |
Sub Tier Toll RB Series 2018A | 5.00% | 10/01/35 (b) | 115,000 | 125,055 |
Greater Texoma Utility Auth | ||||
RB Series 2023 | 5.00% | 10/01/48 (b)(c) | 150,000 | 163,450 |
Harris Cnty | ||||
Refunding Bonds Series 2022A | 5.00% | 10/01/26 | 115,000 | 122,571 |
Refunding GO Bonds Series 2023A | 5.00% | 09/15/48 (b) | 250,000 | 279,186 |
Toll Road Sr Lien Refunding RB Series 2016A | 5.00% | 08/15/33 (b) | 100,000 | 104,926 |
Toll Road Sr Lien Refunding RB Series 2018A | 4.00% | 08/15/48 (b) | 100,000 | 99,191 |
Harris Cnty Sports Auth | ||||
Sr Lien Refunding RB 2014A | 5.00% | 11/15/30 (b) | 150,000 | 151,829 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Hidalgo Cnty | ||||
GO Bonds Series 2018A | 4.00% | 08/15/43 (b) | 200,000 | 200,138 |
Houston | ||||
1st Lien Refunding RB Series 2016B | 5.00% | 11/15/32 (b) | 160,000 | 168,474 |
Airport System Sub Lien Refunding RB Series 2018D | 5.00% | 07/01/37 (b) | 130,000 | 140,571 |
Airport System Sub Lien Refunding RB Series 2018D | 5.00% | 07/01/38 (b) | 80,000 | 85,947 |
Utility System 1st Lien Refunding RB Series 2014C | 5.00% | 05/15/24 | 270,000 | 271,896 |
Utility System 1st Lien Refunding RB Series 2019B | 5.00% | 11/15/49 (b) | 100,000 | 107,543 |
Utility System 1st Lien Refunding RB Series 2021A | 4.00% | 11/15/46 (b) | 50,000 | 50,245 |
Houston ISD | ||||
LT Refunding Bonds Series 2016A | 5.00% | 02/15/29 (b)(c) | 200,000 | 209,509 |
Katy ISD | ||||
ULT GO Bonds Series 2018 | 4.00% | 02/15/48 (b)(c) | 250,000 | 251,271 |
Keller ISD | ||||
ULT GO Bonds Series 2020 | 4.00% | 02/15/47 (b)(c) | 115,000 | 116,389 |
Lamar Consolidated ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 02/15/62 (b)(c) | 200,000 | 197,293 |
ULT GO Bonds Series 2023 | 5.50% | 02/15/58 (b)(c) | 250,000 | 284,453 |
ULT GO Bonds Series 2023A | 5.00% | 02/15/53 (b)(c) | 140,000 | 154,906 |
Leander ISD | ||||
ULT GO Refunding Bonds Series 2016A | 0.00% | 08/16/42 (b)(c)(d) | 350,000 | 158,380 |
Lower Colorado River Auth | ||||
Refunding RB (LCRA Transmission Services) Series 2020A | 5.00% | 05/15/50 (b) | 100,000 | 106,235 |
Refunding RB (LCRA Transmission Services) Series 2021A | 5.00% | 05/15/51 (b) | 200,000 | 213,648 |
Refunding RB (LCRA Transmission Services) Series 2023 | 5.00% | 05/15/47 (b) | 55,000 | 59,275 |
Montgomery ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 175,000 | 173,861 |
New Caney ISD | ||||
ULT GO Refunding Bonds Series 2023 | 5.00% | 02/15/53 (b)(c) | 125,000 | 138,424 |
North Texas Tollway Auth | ||||
1st Tier Refunding RB Series 2008D | 0.00% | 01/01/32 (c)(d) | 75,000 | 58,233 |
1st Tier Refunding RB Series 2008D | 0.00% | 01/01/35 (c)(d) | 100,000 | 69,343 |
1st Tier Refunding RB Series 2016A | 5.00% | 01/01/27 (b) | 275,000 | 275,000 |
1st Tier Refunding RB Series 2016A | 4.00% | 01/01/39 (b) | 50,000 | 50,227 |
1st Tier Refunding RB Series 2017A | 5.00% | 01/01/43 (b) | 145,000 | 153,627 |
1st Tier Refunding RB Series 2017A | 5.00% | 01/01/48 (b) | 90,000 | 94,581 |
1st Tier Refunding RB Series 2020A | 3.00% | 01/01/37 (b) | 150,000 | 140,347 |
1st Tier System Refunding RB Series 2008D | 0.00% | 01/01/31 (c)(d) | 170,000 | 136,853 |
1st Tier System Refunding RB Series 2017A | 5.00% | 01/01/29 (b) | 110,000 | 115,036 |
1st Tier System Refunding RB Series 2017A | 5.00% | 01/01/31 (b) | 100,000 | 104,446 |
1st Tier System Refunding RB Series 2020A | 4.00% | 01/01/37 (b) | 60,000 | 61,971 |
1st Tier System Refunding Rb Series 2022A | 4.13% | 01/01/40 (b) | 90,000 | 92,199 |
1st Tier System Refunding RB Series 2023A | 5.00% | 01/01/27 | 225,000 | 241,277 |
2nd Tier System Refunding RB Series 2015A | 5.00% | 01/01/32 (b) | 50,000 | 50,839 |
2nd Tier System Refunding RB Series 2019B | 5.00% | 01/01/24 | 250,000 | 250,000 |
Refunding RB Series 2008I | 6.50% | 01/01/43 (a)(b) | 295,000 | 304,991 |
Refunding RB Series 2014B | 5.00% | 01/01/31 (b) | 320,000 | 320,000 |
Refunding RB Series 2015A | 4.00% | 01/01/38 (b) | 150,000 | 150,757 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Northwest ISD | ||||
ULT GO Bonds Series 2022A | 5.00% | 02/15/48 (b)(c) | 200,000 | 220,520 |
ULT GO Bonds Series 2023 | 4.00% | 02/15/48 (b)(c) | 100,000 | 101,212 |
Pasadena ISD | ||||
ULT GO Bonds Series 2023 | 4.25% | 02/15/53 (b)(c) | 200,000 | 203,505 |
Plano ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/36 (b) | 90,000 | 106,663 |
ULT GO Bonds Series 2023 | 5.00% | 02/15/42 (b) | 270,000 | 304,035 |
Port of Houston Auth | ||||
1st Lien RB Series 2021 | 5.00% | 10/01/51 (b) | 385,000 | 419,383 |
Prosper ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 02/15/52 (b)(c) | 150,000 | 150,117 |
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 150,000 | 148,516 |
Rockwall ISD | ||||
ULT GO Bonds Series 2022A | 5.00% | 02/15/47 (b)(c) | 70,000 | 76,618 |
San Antonio | ||||
Electric & Gas Systems Jr Lien Refunding RB Series 2021A | 5.00% | 02/01/46 (b) | 100,000 | 108,842 |
Electric & Gas Systems Refunding RB Series 2012 | 5.25% | 02/01/25 (b) | 295,000 | 302,389 |
Electric & Gas Systems Refunding RB Series 2016 | 5.00% | 02/01/26 | 70,000 | 73,334 |
Electric & Gas Systems Refunding RB Series 2020 | 5.00% | 02/01/49 (b) | 200,000 | 215,180 |
Refunding RB Series 2016 | 5.00% | 02/01/29 (b) | 255,000 | 269,433 |
San Antonio ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 08/15/47 (b)(c) | 100,000 | 110,789 |
ULT GO Bonds Series 2022 | 5.00% | 08/15/52 (b)(c) | 190,000 | 208,691 |
San Antonio Public Facilities Corp | ||||
Lease Refunding RB Series 2012 | 4.00% | 09/15/42 (b) | 150,000 | 149,995 |
Spring ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 08/15/52 (b) | 150,000 | 147,280 |
Tarrant Cnty Hospital District | ||||
Limited Tax GO Bonds Series 2023 | 4.25% | 08/15/48 (b) | 200,000 | 202,268 |
Texas | ||||
GO Bonds Series 2014 | 5.00% | 04/01/26 (b) | 100,000 | 100,361 |
GO Bonds Series 2014 | 5.00% | 04/01/44 (a)(b) | 250,000 | 251,154 |
GO Mobility Refunding Bonds Series 2014A | 5.00% | 10/01/26 (b) | 425,000 | 430,129 |
GO Refunding Bonds Series 2014 | 5.00% | 10/01/26 (a)(b) | 150,000 | 150,730 |
GO Refunding Bonds Series 2014 | 5.00% | 10/01/28 (a)(b) | 150,000 | 150,730 |
GO Refunding Bonds Series 2014A | 5.00% | 10/01/44 (a)(b) | 420,000 | 426,175 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/33 (b) | 100,000 | 107,544 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/34 (b) | 150,000 | 161,155 |
GO Refunding Bonds Series 2017B | 5.00% | 10/01/33 (b) | 150,000 | 161,316 |
Texas A&M Univ | ||||
RB Series 2017E | 5.00% | 05/15/27 | 70,000 | 76,067 |
Texas State Univ System | ||||
Refunding RB Series 2017A | 5.00% | 03/15/31 (b) | 120,000 | 128,630 |
Texas Transportation Commission | ||||
1st Tier Refunding RB Series 2015B | 0.00% | 08/15/36 (b)(d) | 150,000 | 87,173 |
2nd Tier Refunding RB Series 2015C | 5.00% | 08/15/42 (b) | 200,000 | 200,248 |
State Highway Fund 1st Tier RB Series 2016A | 5.00% | 10/01/26 | 35,000 | 37,275 |
State Highway Fund 1st Tier Refunding RB Series 2015 | 5.00% | 10/01/24 | 160,000 | 162,590 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Texas Transportation Corp | ||||
Sr Lien Refunding RB (NTE Mobility Partners) Series 2019A | 5.00% | 12/31/35 (b) | 125,000 | 135,596 |
Texas Turnpike Auth | ||||
1st Tier RB Series 2002A | 0.00% | 08/15/27 (c)(d) | 100,000 | 89,125 |
1st Tier RB Series 2002A | 0.00% | 08/15/30 (c)(d) | 100,000 | 80,576 |
Texas Water Dev Brd | ||||
State Water Implementation Fund RB Series 2017A | 5.00% | 04/15/24 | 175,000 | 176,036 |
State Water Implementation Fund RB Series 2017A | 4.00% | 10/15/35 (b) | 200,000 | 206,303 |
State Water Implementation Fund RB Series 2018A | 5.00% | 10/15/43 (b) | 100,000 | 106,898 |
State Water Implementation Fund RB Series 2019A | 3.00% | 10/15/34 (b) | 125,000 | 124,220 |
State Water Implementation Fund RB Series 2019A | 4.00% | 10/15/37 (b) | 225,000 | 234,982 |
State Water Implementation Fund RB Series 2019A | 4.00% | 10/15/49 (b) | 150,000 | 148,553 |
State Water Implementation Fund RB Series 2022 | 4.75% | 10/15/42 (b) | 125,000 | 137,410 |
State Water Implementation Fund RB Series 2022 | 4.80% | 10/15/52 (b) | 65,000 | 69,855 |
State Water Implementation Fund RB Series 2022 | 5.00% | 10/15/57 (b) | 150,000 | 164,804 |
State Water Implementation Fund RB Series 2023A | 4.60% | 10/15/39 (b) | 225,000 | 250,197 |
State Water RB Series 2022 | 4.45% | 10/15/36 (b) | 50,000 | 56,133 |
Trinity River Auth | ||||
Refunding RB Series 2020 | 3.00% | 08/01/31 (b) | 440,000 | 440,487 |
Univ of Texas | ||||
Financing System RB Series 2019B | 5.00% | 08/15/49 | 300,000 | 368,339 |
Financing System RB Series 2020A | 5.00% | 08/15/30 | 150,000 | 174,415 |
Financing System RB Series 2021A | 4.00% | 08/15/35 (b) | 50,000 | 53,345 |
RB Series 2023A | 5.00% | 08/15/34 (b) | 200,000 | 240,692 |
Univ Fund Bonds Series 2023A | 5.00% | 07/01/32 | 50,000 | 60,127 |
Univ Fund Bonds Series 2023A | 5.00% | 07/01/40 (b) | 150,000 | 173,047 |
Univ Fund Bonds Series 2023A | 4.00% | 07/01/41 (b) | 210,000 | 217,509 |
Univ of Texas Permanent Univ Fund | ||||
RB Series 2022A | 5.00% | 07/01/32 | 75,000 | 89,681 |
Waxahachie ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/48 (b)(c) | 150,000 | 166,613 |
White Settlement ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 08/15/52 (b)(c) | 200,000 | 200,432 |
Ysleta ISD | ||||
ULT GO Bonds Series 2020 | 4.00% | 08/15/50 (b)(c) | 100,000 | 100,051 |
22,716,223 | ||||
UTAH 0.5% | ||||
Intermountain Power Agency | ||||
Power Supply RB Series 2022A | 5.00% | 07/01/31 | 150,000 | 177,025 |
Power Supply RB Series 2022A | 5.00% | 07/01/41 (b) | 100,000 | 112,456 |
Power Supply RB Series 2022A | 5.00% | 07/01/45 (b) | 120,000 | 133,358 |
Power Supply RB Series 2023A | 5.00% | 07/01/36 (b) | 70,000 | 82,716 |
Utah | ||||
GO Refunding Bonds Series 2015 | 5.00% | 07/01/24 | 50,000 | 50,548 |
Utah Board of Regents | ||||
General RB (Univ of Utah) Series 2022A | 4.00% | 08/01/51 (b) | 150,000 | 150,116 |
Utah Transit Auth | ||||
Sales Tax Refunding RB Series 2015A | 5.00% | 06/15/30 (a)(b) | 130,000 | 134,211 |
Sales Tax Refunding RB Series 2015A | 5.00% | 06/15/31 (a)(b) | 100,000 | 103,239 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Sales Tax Refunding RB Series 2015A | 5.00% | 06/15/38 (a)(b) | 250,000 | 258,097 |
Sub Sales Tax Refunding RB Series 2018 | 4.00% | 12/15/41 (b) | 115,000 | 116,993 |
1,318,759 | ||||
VIRGINIA 1.0% | ||||
Chesapeake Bay Bridge & Tunnel District | ||||
1st Tier RB Series 2016 | 5.00% | 07/01/46 (b) | 150,000 | 151,952 |
Univ of Virginia | ||||
General RB Series 2019B | 5.00% | 09/01/49 (b) | 250,000 | 269,853 |
General Refunding RB Series 2017A | 5.00% | 04/01/42 (b) | 125,000 | 132,372 |
Virginia College Building Auth | ||||
Educational Facilities RB Series 2015A | 5.00% | 02/01/31 (a)(b) | 170,000 | 173,993 |
Educational Facilities RB Series 2021A | 3.00% | 02/01/36 (b) | 95,000 | 93,228 |
Educational Facilities RB Series 2023A | 5.00% | 02/01/25 | 65,000 | 66,597 |
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/24 | 140,000 | 140,224 |
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/25 | 125,000 | 128,070 |
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/28 | 85,000 | 93,935 |
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/29 (b) | 315,000 | 348,306 |
Educational Facilities Refunding RB Series 2023B | 5.00% | 02/01/31 | 120,000 | 140,824 |
Virginia Public Building Auth | ||||
Public Facilities RB Series 2021A2 | 4.00% | 08/01/35 (b) | 100,000 | 108,499 |
Public Facilities RB Series 2021A2 | 4.00% | 08/01/39 (b) | 100,000 | 104,826 |
Public Facilities Refunding RB Series 2016B | 5.00% | 08/01/26 | 100,000 | 106,355 |
Virginia Transportation Board | ||||
Transportation Grant Anticipation Refunding RB Series 2017 | 5.00% | 09/15/27 | 130,000 | 142,076 |
Transportation Refunding RB Series 2017A | 5.00% | 05/15/31 (b) | 215,000 | 233,987 |
Transportation Refunding RB Series 2022 | 4.00% | 05/15/35 (b) | 60,000 | 66,053 |
2,501,150 | ||||
WASHINGTON 3.1% | ||||
Central Puget Sound Regional Transit Auth | ||||
Sales & Motor Vehicle Tax RB Series 2021S1 | 5.00% | 11/01/26 | 100,000 | 106,931 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/27 | 130,000 | 142,525 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/36 (b) | 250,000 | 290,097 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 4.00% | 11/01/40 (b) | 60,000 | 61,974 |
Sales Tax Refunding RB Bonds Series 2015S1 | 5.00% | 11/01/29 (a)(b) | 155,000 | 161,381 |
Sales Tax Refunding RB Bonds Series 2015S1 | 5.00% | 11/01/45 (a)(b) | 250,000 | 260,292 |
Energy Northwest | ||||
Electric Refunding RB Series 2015C | 5.00% | 07/01/25 | 50,000 | 51,681 |
Electric Refunding RB Series 2018A | 5.00% | 07/01/24 | 80,000 | 80,829 |
Electric Refunding RB Series 2018C | 5.00% | 07/01/24 | 50,000 | 50,518 |
Electric Refunding RB Series 2018C | 5.00% | 07/01/34 (b) | 85,000 | 93,485 |
Electric Refunding RB Series 2019A | 5.00% | 07/01/37 (b) | 85,000 | 94,713 |
Electric Refunding RB Series 2021A | 4.00% | 07/01/42 (b) | 480,000 | 491,203 |
Electric Refunding RB Series 2023A | 5.00% | 07/01/36 (b) | 80,000 | 95,523 |
Electric Refunding RB Series 2023A | 5.00% | 07/01/39 (b) | 290,000 | 336,372 |
Issaquah SD #411 | ||||
ULT GO Bonds Series 2016 | 4.00% | 12/01/31 (b)(c) | 50,000 | 51,241 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
King Cnty | ||||
LT GO Refunding Bonds Series 2021A | 4.00% | 01/01/27 | 330,000 | 344,990 |
Refunding RB Series 2016B | 4.00% | 07/01/34 (b) | 200,000 | 204,890 |
King Cnty Public Hospital District #2 | ||||
Limited Tax GO Bonds Series 2020A | 4.00% | 12/01/45 (b) | 100,000 | 99,500 |
Lake Washington SD #414 | ||||
ULT GO Refunding Bonds Series 2020 | 4.00% | 12/01/29 (c) | 95,000 | 102,820 |
Northshore SD #417 | ||||
ULT GO Bonds Series 2018 | 5.00% | 12/01/35 (b)(c) | 100,000 | 110,218 |
ULT GO Refunding Bonds Series 2022 | 5.00% | 12/01/39 (b)(c) | 110,000 | 125,797 |
Seattle | ||||
Light & Power RB Series 2015A | 4.00% | 05/01/45 (b) | 150,000 | 147,503 |
Refunding RB Series 2014 | 4.00% | 05/01/44 (b) | 125,000 | 125,135 |
Spokane SD #81 | ||||
ULT GO Bonds Series 2019 | 5.00% | 12/01/36 (b)(c) | 200,000 | 222,569 |
Tacoma SD #10 | ||||
ULT GO Bonds Series 2020B | 4.00% | 12/01/41 (b)(c) | 245,000 | 250,322 |
Washington | ||||
GO Bonds Series 2020C | 5.00% | 02/01/35 (b) | 165,000 | 188,273 |
GO Bonds Series 2020C | 5.00% | 02/01/40 (b) | 160,000 | 177,158 |
GO Bonds Series 2020C | 5.00% | 02/01/41 (b) | 150,000 | 165,646 |
GO Bonds Series 2021A | 5.00% | 08/01/41 (b) | 100,000 | 111,207 |
GO Bonds Series 2021A | 5.00% | 08/01/44 (b) | 95,000 | 104,618 |
GO Bonds Series 2022A | 5.00% | 08/01/40 (b) | 155,000 | 175,162 |
GO Bonds Series 2022A | 5.00% | 08/01/44 (b) | 150,000 | 167,074 |
GO Bonds Series 2023A | 5.00% | 08/01/31 | 100,000 | 118,417 |
GO Bonds Series 2023A | 5.00% | 08/01/47 (b) | 250,000 | 278,072 |
GO Bonds Series 2024A | 5.00% | 08/01/44 (b) | 250,000 | 284,832 |
GO Refunding Bonds Series R2015C | 5.00% | 07/01/30 (b) | 80,000 | 81,629 |
GO Refunding Bonds Series R2016B | 5.00% | 07/01/33 (b) | 150,000 | 156,557 |
GO Refunding Bonds Series R2017A | 5.00% | 08/01/31 (b) | 50,000 | 52,815 |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/29 (b) | 250,000 | 270,757 |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/30 (b) | 40,000 | 43,236 |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/34 (b) | 125,000 | 134,668 |
GO Refunding Bonds Series R2020C | 5.00% | 07/01/25 | 250,000 | 258,590 |
GO Refunding Bonds Series R2023A | 5.00% | 08/01/24 | 255,000 | 258,176 |
Motor Vehicle Fuel Tax GO Refunding Bonds Series R2022D | 4.00% | 07/01/28 | 130,000 | 139,019 |
Motor Vehicle Fuel Tax GO Refunding Bonds Series R2023B | 5.00% | 07/01/34 (b) | 80,000 | 97,108 |
Washington Convention Center Public Facilities District | ||||
Lodging Tax Bonds Series 2018 | 5.00% | 07/01/58 (b) | 100,000 | 102,856 |
Sub Lodging Tax Bonds Series 2018 | 4.00% | 07/01/58 (b) | 50,000 | 45,201 |
7,513,580 | ||||
WEST VIRGINIA 0.1% | ||||
West Virginia Parkways Auth | ||||
Sr Lien RB Series 2021 | 5.00% | 06/01/47 (b) | 190,000 | 207,699 |
Sr Lien Turnpike Toll RB Series 2018 | 4.00% | 06/01/47 (b) | 150,000 | 150,186 |
357,885 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
WISCONSIN 0.5% | ||||
Wisconsin | ||||
GO Refunding Bonds Series 2 | 5.00% | 11/01/25 | 210,000 | 219,104 |
GO Refunding Bonds Series 20173 | 5.00% | 11/01/31 (b) | 125,000 | 134,931 |
GO Refunding Bonds Series 2023-2 | 5.00% | 05/01/33 | 140,000 | 171,773 |
GO Refunding Bonds Series 2023-2 | 5.00% | 05/01/34 (b) | 105,000 | 128,037 |
Refunding Bonds Series 2019A | 5.00% | 05/01/27 (a) | 200,000 | 216,584 |
Transportation RB Series 2017-1 | 5.00% | 07/01/27 | 90,000 | 97,834 |
Wisconsin Center District | ||||
Sr Tax RB Series 2020C | 0.00% | 12/15/50 (b)(c)(d) | 800,000 | 238,825 |
1,207,088 | ||||
WYOMING 0.1% | ||||
Campbell Solid Waste Facilities | ||||
RB Series 2019A | 3.63% | 07/15/39 (b) | 200,000 | 184,428 |
Total Municipal Securities (Cost $236,589,761) | 243,896,986 | |||
Total Investments in Securities (Cost $236,589,761) | 243,896,986 |
(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. |
(e) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(f) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
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 |
RAN — | Revenue anticipation note |
RB — | Revenue bond |
SD — | School district |
UHSD — | Union high school district |
ULT — | Unlimited tax |
USD — | Unified school district |
VRDN — | Variable rate demand note |
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 | $— | $243,896,986 | $— | $243,896,986 |
Total | $— | $243,896,986 | $— | $243,896,986 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $236,589,761) | $243,896,986 | |
Cash | 17,177 | |
Receivables: | ||
Interest | 2,928,634 | |
Fund shares sold | 2,623,148 | |
Other assets | + | 3,934 |
Total assets | 249,469,879 | |
Liabilities | ||
Payables: | ||
Investments bought | 2,727,100 | |
Investments bought - delayed-delivery | 119,478 | |
Management fees | + | 5,978 |
Total liabilities | 2,852,556 | |
Net assets | $246,617,323 | |
Net Assets by Source | ||
Capital received from investors | $239,641,734 | |
Total distributable earnings | + | 6,975,589 |
Net assets | $246,617,323 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$246,617,323 | 4,700,000 | $52.47 | ||
For the period January 1, 2023 through December 31, 2023 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $5,049,355 | |
Expenses | ||
Management fees | 44,082 | |
Total expenses | – | 44,082 |
Net investment income | 5,005,273 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (426,754 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 6,444,719 |
Net realized and unrealized gains | 6,017,965 | |
Increase in net assets resulting from operations | $11,023,238 |
OPERATIONS | |||
1/1/23-12/31/23 | 10/12/22*-12/31/22 | ||
Net investment income | $5,005,273 | $326,335 | |
Net realized losses | (426,754 ) | (19,675 ) | |
Net change in unrealized appreciation (depreciation) | + | 6,444,719 | 862,506 |
Increase in net assets resulting from operations | $11,023,238 | $1,169,166 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($4,922,170 ) | ($294,645 ) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/23-12/31/23 | 10/12/22*-12/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 3,500,000 | $178,890,533 | 1,200,000 | $60,454,448 | |
Other capital | — | 239,169 | — | 57,584 | |
Net transactions in fund shares | 3,500,000 | $179,129,702 | 1,200,000 | $60,512,032 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/23-12/31/23 | 10/12/22*-12/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 1,200,000 | $61,386,553 | — | $— | |
Total increase | + | 3,500,000 | 185,230,770 | 1,200,000 | 61,386,553 |
End of period | 4,700,000 | $246,617,323 | 1,200,000 | $61,386,553 |
* | Commencement of operations. |
SCHWAB STRATEGIC TRUST | |
Schwab Municipal Bond ETF | Schwab U.S. TIPS ETF |
Schwab U.S. Broad Market ETF | Schwab Short-Term U.S. Treasury ETF |
Schwab 1000 Index®ETF | Schwab Intermediate-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap ETF | Schwab Long-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab U.S. Aggregate Bond ETF |
Schwab U.S. Large-Cap Value ETF | Schwab 1-5 Year Corporate Bond ETF |
Schwab U.S. Mid-Cap ETF | Schwab 5-10 Year Corporate Bond ETF |
Schwab U.S. Small-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Dividend Equity ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab High Yield Bond 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 |
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 |
$234,779,547 | $68,596,610 |
9. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES |
$12,568,030 | $0 |
10. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
$236,502,702 | $7,608,206 | ($213,922 ) | $7,394,284 | |
UNDISTRIBUTED TAX-EXEMPT INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL |
$22,053 | $7,394,284 | ($440,748 ) | $6,975,589 |
CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS | |||
TAX-EXEMPT INCOME | ORDINARY INCOME | TAX-EXEMPT INCOME | ORDINARY INCOME | |
$4,920,282 | $1,888 | $294,373 | $272 |
11. Subsequent Events:
Denver, Colorado
February 16, 2024
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). | 106 | 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. | 106 | 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. | 106 | 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. | 106 | 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). | 106 | 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). | 106 | 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). | 106 | 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.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and 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.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | 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. | 106 | 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 |
Omar Aguilar 1970 Chief Executive Officer, 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), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
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), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), 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; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 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 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
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) | Managing Director (Mar. 2023 – present), Senior Vice President (Jan. 2020 – Mar. 2023) 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), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 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. |
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 19(a)(1) of Form N-CSR. |
Item 3: Audit Committee Financial Expert.
Registrant’s Board of Trustees has determined that Kimberly S. Patmore, Michael J. Beer 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, Mr. Beer 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 thirty 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 thirteen 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 thirty operational series during 2023/2024 and the twenty-nine operational series during 2022/2023, based on their respective 2023/2024 and 2022/2023 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 | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | Fiscal Year 2023/2024 | Fiscal Year 2022/2023 | |||||||||||||||||||||||
$ | 558,674 | $ | 505,650 | $ | 0 | $ | 0 | $ | 98,550 | $ | 89,900 | $ | 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.
2023: $3,940,154 | 2022: $3,031,117 |
(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, Michael J. Beer and J. Derek Penn.
Item 6: Investments.
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.
The financial statements and financial highlights are included as part of the report to shareholders filed under Item 1 of this Form.
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9: Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to directors, officers and others are included as part of the report to shareholders filed under Item 1 of this Form.
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract.
The statement regarding basis for approval of investment advisory contract is included as part of the report to shareholders filed under Item 1 of this Form.
Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 16: 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, Omar Aguilar 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 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18: Recovery of Erroneously Awarded Compensation.
(a) Not applicable.
(b) Not applicable.
Item 19: Exhibits.
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/ Omar Aguilar | |
Omar Aguilar Chief Executive Officer | ||
Date: | February 16, 2024 |
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/ Omar Aguilar | |
Omar Aguilar Chief Executive Officer | ||
Date: | February 16, 2024 | |
By: | /s/ Dana Smith | |
Dana Smith Chief Financial Officer | ||
Date: | February 16, 2024 |