Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
U.S. Dollar Denominated Bonds & Notes-69.80% | |||||
Agricultural & Farm Machinery-0.58% | |||||
John Deere Capital Corp. (SOFR + 0.44%)(b) | 5.37% | 03/06/2026 | $10,000 | $10,015,309 | |
Asset Management & Custody Banks-1.90% | |||||
Ares Capital Corp. | 4.25% | 03/01/2025 | 10,749 | 10,722,602 | |
Bank of New York Mellon Corp. (The) (SOFR + 0.45%)(b) | 5.28% | 03/13/2026 | 4,750 | 4,752,309 | |
State Street Corp. (SOFR + 0.64%)(b) | 5.35% | 10/22/2027 | 2,857 | 2,866,873 | |
State Street Corp. (SOFR + 0.85%)(b) | 5.51% | 08/03/2026 | 14,458 | 14,549,639 | |
32,891,423 | |||||
Automobile Manufacturers-3.48% | |||||
Daimler Truck Finance North America LLC (Germany)(c) | 5.13% | 09/25/2027 | 5,905 | 5,960,318 | |
Daimler Truck Finance North America LLC (Germany)(c) | 5.60% | 08/08/2025 | 6,450 | 6,493,548 | |
Mercedes-Benz Finance North America LLC (Germany)(c) | 4.80% | 03/30/2026 | 11,104 | 11,123,411 | |
Mercedes-Benz Finance North America LLC (Germany) (SOFR + 0.57%)(b)(c) | 5.25% | 08/01/2025 | 10,000 | 10,013,623 | |
Volkswagen Group of America Finance LLC (Germany)(c) | 3.35% | 05/13/2025 | 5,637 | 5,594,760 | |
Volkswagen Group of America Finance LLC (Germany)(c) | 3.95% | 06/06/2025 | 1,000 | 995,149 | |
Volkswagen Group of America Finance LLC (Germany) (SOFR + 0.83%)(b)(c) | 5.60% | 03/20/2026 | 10,000 | 9,998,567 | |
Volkswagen Group of America Finance LLC (Germany)(c) | 6.00% | 11/16/2026 | 9,785 | 9,947,987 | |
60,127,363 | |||||
Automotive Retail-0.63% | |||||
BMW US Capital LLC (Germany) (SOFR + 0.80%)(b)(c) | 5.45% | 08/13/2026 | 10,811 | 10,879,251 | |
Biotechnology-0.92% | |||||
AbbVie, Inc. | 4.80% | 03/15/2027 | 15,769 | 15,889,013 | |
Broadline Retail-0.80% | |||||
eBay, Inc. | 1.40% | 05/10/2026 | 4,500 | 4,296,223 | |
eBay, Inc. | 1.90% | 03/11/2025 | 9,650 | 9,570,315 | |
13,866,538 | |||||
Consumer Finance-4.86% | |||||
American Express Co. (SOFR + 1.35%)(b) | 6.03% | 10/30/2026 | 15,000 | 15,113,622 | |
American Honda Finance Corp. (SOFR + 0.78%)(b) | 5.47% | 04/23/2025 | 12,000 | 12,024,832 | |
American Honda Finance Corp. (SOFR + 0.72%)(b) | 5.56% | 10/05/2026 | 15,000 | 15,055,960 | |
Capital One Financial Corp. | 3.20% | 02/05/2025 | 10,000 | 9,969,936 | |
General Motors Financial Co., Inc. | 2.90% | 02/26/2025 | 8,762 | 8,716,128 | |
Toyota Motor Credit Corp. (SOFR + 0.65%)(b) | 5.38% | 01/05/2026 | 15,000 | 15,046,018 | |
Toyota Motor Credit Corp. | 5.40% | 11/20/2026 | 8,000 | 8,142,120 | |
84,068,616 | |||||
Diversified Banks-20.65% | |||||
Australia and New Zealand Banking Group Ltd. (Australia) (SOFR + 0.81%)(b)(c) | 5.51% | 01/18/2027 | 14,000 | 14,101,592 | |
Bank of America N.A. | 5.53% | 08/18/2026 | 15,000 | 15,248,299 | |
Bank of Montreal (Canada) (SOFR + 0.76%)(b) | 5.43% | 06/04/2027 | 10,000 | 10,019,864 | |
Bank of Montreal (Canada) (SOFR + 0.95%)(b) | 5.71% | 09/25/2025 | 15,000 | 15,076,552 | |
Bank of Nova Scotia (The) (Canada) (SOFR + 1.09%)(b) | 5.92% | 06/12/2025 | 20,000 | 20,073,644 | |
Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.93%)(b) | 5.77% | 09/11/2027 | 10,000 | 10,043,820 | |
Canadian Imperial Bank of Commerce (Canada) (SOFR + 1.22%)(b) | 5.96% | 10/02/2026 | 15,000 | 15,167,872 | |
Citizens Bank N.A. | 2.25% | 04/28/2025 | 10,500 | 10,387,916 | |
Commonwealth Bank of Australia (Australia) (SOFR + 0.75%)(b)(c) | 5.58% | 03/13/2026 | 14,512 | 14,592,509 | |
Cooperatieve Rabobank U.A. (Netherlands) (SOFR + 0.62%)(b) | 5.28% | 08/28/2026 | 8,035 | 8,062,202 | |
ING Groep N.V. (Netherlands) (SOFR + 1.56%)(b) | 6.40% | 09/11/2027 | 10,000 | 10,147,919 | |
JPMorgan Chase Bank N.A. | 5.11% | 12/08/2026 | 7,589 | 7,681,720 | |
KeyCorp (SOFR + 1.25%)(b) | 5.91% | 05/23/2025 | 10,016 | 10,035,723 | |
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
Diversified Banks-(continued) | |||||
Mizuho Markets Cayman L.P. (Japan) (SOFR + 1.10%)(b)(c) | 5.76% | 11/21/2025 | $15,000 | $15,005,647 | |
National Australia Bank Ltd. (Australia) | 4.97% | 01/12/2026 | 13,334 | 13,397,823 | |
National Bank of Canada (Canada) (SOFR + 0.80%)(b) | 5.46% | 08/20/2026 | 10,000 | 9,997,490 | |
National Bank of Canada (Canada) (SOFR + 1.03%)(b) | 5.77% | 07/02/2027 | 5,797 | 5,814,268 | |
Nordea Bank Abp (Finland) (SOFR + 0.74%)(b)(c) | 5.52% | 03/19/2027 | 14,286 | 14,325,676 | |
PNC Financial Services Group, Inc. (The)(d) | 5.81% | 06/12/2026 | 10,000 | 10,054,863 | |
Royal Bank of Canada (Canada) (SOFR + 0.95%)(b) | 5.65% | 01/19/2027 | 16,667 | 16,802,382 | |
Societe Generale S.A. (France)(c)(d) | 1.49% | 12/14/2026 | 10,437 | 10,048,133 | |
Sumitomo Mitsui Trust Bank Ltd. (Japan)(c) | 5.20% | 03/07/2027 | 6,557 | 6,644,609 | |
Sumitomo Mitsui Trust Bank Ltd. (Japan)(c) | 5.65% | 09/14/2026 | 4,349 | 4,423,632 | |
Swedbank AB (Sweden)(c) | 6.14% | 09/12/2026 | 8,130 | 8,314,984 | |
Swedbank AB (Sweden) (SOFR + 1.38%)(b)(c) | 6.20% | 06/15/2026 | 15,000 | 15,233,644 | |
Toronto-Dominion Bank (The) (Canada) (SOFR + 1.08%)(b) | 5.78% | 07/17/2026 | 13,050 | 13,157,744 | |
Toronto-Dominion Bank (The) (Canada)(d) | 7.00% | 10/20/2026 | 9,800 | 9,797,582 | |
U.S. Bank N.A. (SOFR + 0.69%)(b) | 5.39% | 10/22/2027 | 10,000 | 10,002,940 | |
UBS AG (Switzerland) | 5.80% | 09/11/2025 | 14,927 | 15,063,901 | |
Wells Fargo Bank N.A. (SOFR + 0.71%)(b) | 5.42% | 01/15/2026 | 6,400 | 6,422,554 | |
Wells Fargo Bank N.A. (SOFR + 0.80%)(b) | 5.47% | 08/01/2025 | 12,000 | 12,040,625 | |
357,188,129 | |||||
Diversified Metals & Mining-1.36% | |||||
BHP Billiton Finance (USA) Ltd. (Australia) | 5.25% | 09/08/2026 | 14,815 | 14,990,614 | |
Glencore Funding LLC (Australia) (SOFR + 1.06%)(b)(c) | 5.79% | 04/04/2027 | 8,522 | 8,592,855 | |
23,583,469 | |||||
Diversified Support Services-0.56% | |||||
Cintas Corp. No. 2 | 3.45% | 05/01/2025 | 9,670 | 9,615,475 | |
Electric Utilities-4.46% | |||||
Georgia Power Co. (SOFR + 0.75%)(b) | 5.41% | 05/08/2025 | 15,000 | 15,039,459 | |
National Rural Utilities Cooperative Finance Corp. | 5.10% | 05/06/2027 | 15,000 | 15,211,365 | |
National Rural Utilities Cooperative Finance Corp. (SOFR + 0.82%)(b) | 5.64% | 09/16/2027 | 15,000 | 15,143,635 | |
NextEra Energy Capital Holdings, Inc. (SOFR + 0.76%)(b) | 5.44% | 01/29/2026 | 11,456 | 11,504,033 | |
NextEra Energy Capital Holdings, Inc. | 6.05% | 03/01/2025 | 8,610 | 8,634,660 | |
Southern California Edison Co. | 4.40% | 09/06/2026 | 11,612 | 11,579,329 | |
77,112,481 | |||||
Health Care Services-1.11% | |||||
Laboratory Corp. of America Holdings | 3.60% | 02/01/2025 | 11,000 | 10,967,098 | |
Quest Diagnostics, Inc. | 3.50% | 03/30/2025 | 8,300 | 8,260,627 | |
19,227,725 | |||||
Home Improvement Retail-0.66% | |||||
Home Depot, Inc. (The) | 5.15% | 06/25/2026 | 4,504 | 4,556,447 | |
Lowe’s Cos., Inc. | 4.80% | 04/01/2026 | 6,766 | 6,786,929 | |
11,343,376 | |||||
Hotels, Resorts & Cruise Lines-0.69% | |||||
Marriott International, Inc. | 3.75% | 03/15/2025 | 12,000 | 11,957,733 | |
Investment Banking & Brokerage-1.81% | |||||
Goldman Sachs Group, Inc. (The) | 3.50% | 01/23/2025 | 9,846 | 9,825,889 | |
Goldman Sachs Group, Inc. (The) (SOFR + 1.07%)(b) | 5.72% | 08/10/2026 | 12,000 | 12,045,924 | |
Jefferies Financial Group, Inc. | 5.15% | 09/15/2025 | 9,500 | 9,500,839 | |
31,372,652 | |||||
Life & Health Insurance-13.00% | |||||
Athene Global Funding(c) | 5.62% | 05/08/2026 | 12,000 | 12,118,693 | |
Athene Global Funding (SOFR + 1.03%)(b)(c) | 5.69% | 08/27/2026 | 10,000 | 10,044,903 | |
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
Life & Health Insurance-(continued) | |||||
Athene Global Funding (SOFR + 1.21%)(b)(c) | 5.97% | 03/25/2027 | $12,000 | $12,061,364 | |
Brighthouse Financial Global Funding(c) | 5.55% | 04/09/2027 | 8,150 | 8,242,929 | |
Corebridge Global Funding(c) | 4.65% | 08/20/2027 | 8,230 | 8,229,354 | |
Corebridge Global Funding(c) | 5.75% | 07/02/2026 | 7,758 | 7,883,417 | |
Corebridge Global Funding (SOFR + 1.30%)(b)(c) | 6.05% | 09/25/2026 | 15,000 | 15,147,521 | |
Equitable Financial Life Global Funding(c) | 4.88% | 11/19/2027 | 11,943 | 11,996,881 | |
GA Global Funding Trust(c) | 2.25% | 01/06/2027 | 3,700 | 3,507,769 | |
GA Global Funding Trust(c) | 4.40% | 09/23/2027 | 6,993 | 6,915,358 | |
Jackson National Life Global Funding(c) | 5.50% | 01/09/2026 | 16,667 | 16,749,051 | |
Jackson National Life Global Funding(c) | 5.55% | 07/02/2027 | 6,719 | 6,833,023 | |
MassMutual Global Funding II (SOFR + 0.77%)(b)(c) | 5.45% | 01/29/2027 | 15,000 | 15,088,466 | |
MassMutual Global Funding II (SOFR + 0.98%)(b)(c) | 5.70% | 07/10/2026 | 13,500 | 13,598,080 | |
Met Tower Global Funding(c) | 5.40% | 06/20/2026 | 10,000 | 10,128,619 | |
Pacific Life Global Funding II (SOFR + 0.60%)(b)(c) | 5.35% | 03/27/2026 | 9,750 | 9,758,669 | |
Pacific Life Global Funding II (SOFR + 0.86%)(b)(c) | 5.68% | 06/16/2025 | 5,500 | 5,520,178 | |
Pacific Life Global Funding II (SOFR + 1.05%)(b)(c) | 5.73% | 07/28/2026 | 12,500 | 12,597,064 | |
Pricoa Global Funding I(c) | 5.55% | 08/28/2026 | 3,407 | 3,467,076 | |
Principal Life Global Funding II(c) | 4.60% | 08/19/2027 | 4,777 | 4,785,273 | |
Principal Life Global Funding II(c) | 5.00% | 01/16/2027 | 4,500 | 4,541,567 | |
Protective Life Global Funding(c) | 5.37% | 01/06/2026 | 10,339 | 10,409,599 | |
Reliance Standard Life Global Funding II(c) | 2.75% | 05/07/2025 | 8,151 | 8,070,347 | |
Reliance Standard Life Global Funding II(c) | 5.24% | 02/02/2026 | 7,125 | 7,136,336 | |
224,831,537 | |||||
Multi-line Insurance-0.59% | |||||
USAA Capital Corp.(c) | 5.25% | 06/01/2027 | 10,000 | 10,178,303 | |
Oil & Gas Refining & Marketing-0.58% | |||||
Marathon Petroleum Corp. | 4.70% | 05/01/2025 | 10,000 | 9,989,356 | |
Oil & Gas Storage & Transportation-2.04% | |||||
Enbridge, Inc. (Canada) | 2.50% | 02/14/2025 | 5,587 | 5,557,492 | |
Enbridge, Inc. (Canada) | 5.25% | 04/05/2027 | 4,666 | 4,737,379 | |
Kinder Morgan, Inc. | 4.30% | 06/01/2025 | 25,000 | 24,915,168 | |
35,210,039 | |||||
Packaged Foods & Meats-0.48% | |||||
The Campbell’s Company | 3.95% | 03/15/2025 | 6,000 | 5,980,912 | |
The Campbell’s Company | 5.30% | 03/20/2026 | 2,352 | 2,368,129 | |
8,349,041 | |||||
Pharmaceuticals-1.73% | |||||
Bristol-Myers Squibb Co. (SOFR + 0.49%)(b) | 5.15% | 02/20/2026 | 4,651 | 4,659,857 | |
Eli Lilly and Co. | 5.00% | 02/27/2026 | 10,257 | 10,258,123 | |
Pfizer Investment Enterprises Pte. Ltd. | 4.65% | 05/19/2025 | 15,054 | 15,047,503 | |
29,965,483 | |||||
Regional Banks-2.37% | |||||
ANZ New Zealand (Int’l) Ltd. (New Zealand) (SOFR + 0.60%)(b)(c) | 5.25% | 02/18/2025 | 7,500 | 7,505,844 | |
Fifth Third Bank N.A. | 3.95% | 07/28/2025 | 10,000 | 9,954,299 | |
Morgan Stanley Bank N.A. (SOFR + 0.69%)(b) | 5.39% | 10/15/2027 | 10,000 | 10,009,908 | |
Morgan Stanley Bank N.A. (SOFR + 0.78%)(b) | 5.49% | 07/16/2025 | 13,514 | 13,560,377 | |
41,030,428 | |||||
Retail REITs-0.21% | |||||
Realty Income Corp. | 5.05% | 01/13/2026 | 3,687 | 3,683,083 | |
Self-Storage REITs-0.58% | |||||
Public Storage Operating Co. (SOFR + 0.70%)(b) | 5.41% | 04/16/2027 | 10,000 | 10,049,433 | |
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
Soft Drinks & Non-alcoholic Beverages-0.58% | |||||
Keurig Dr Pepper, Inc. (SOFR + 0.88%)(b) | 5.70% | 03/15/2027 | $10,000 | $10,092,459 | |
Specialty Chemicals-0.27% | |||||
Sherwin-Williams Co. (The) | 4.55% | 03/01/2028 | 4,587 | 4,590,317 | |
Systems Software-0.92% | |||||
Oracle Corp. | 2.50% | 04/01/2025 | 4,000 | 3,967,986 | |
Oracle Corp. | 2.95% | 05/15/2025 | 12,000 | 11,898,420 | |
15,866,406 | |||||
Technology Hardware, Storage & Peripherals-1.35% | |||||
Apple, Inc. | 4.42% | 05/08/2026 | 23,444 | 23,430,613 | |
Trading Companies & Distributors-0.63% | |||||
Air Lease Corp. | 3.38% | 07/01/2025 | 11,000 | 10,906,384 | |
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,200,738,891) | 1,207,311,435 | ||||
Asset-Backed Securities-11.60% | |||||
Auto Loans/Leases-8.33% | |||||
Barclays Dryrock Issuance Trust; Series 2023-2, Class A (30 Day Average SOFR + 0.90%)(b) | 5.71% | 08/15/2028 | 13,880 | 13,946,344 | |
BMW Vehicle Lease Trust; Series 2024-2, Class A2A | 4.29% | 01/25/2027 | 4,278 | 4,268,173 | |
CarMax Auto Owner Trust; | |||||
Series 2023-2, Class A2A | 5.50% | 06/15/2026 | 1,533 | 1,534,566 | |
Series 2024-1, Class A3 | 4.92% | 10/16/2028 | 9,860 | 9,923,398 | |
Chesapeake Funding II LLC (Canada); | |||||
Series 2023-1A, Class A1(c) | 5.65% | 05/15/2035 | 3,883 | 3,906,299 | |
Series 2023-2A, Class A2 (30 Day Average SOFR + 1.10%)(b)(c) | 5.91% | 10/15/2035 | 10,643 | 10,708,936 | |
Series 2024-1A, Class A2 (30 Day Average SOFR + 0.77%)(b)(c) | 5.58% | 05/15/2036 | 2,353 | 2,358,633 | |
Citizens Auto Receivables Trust; | |||||
Series 2023-2, Class A2A(c) | 6.09% | 10/15/2026 | 3,961 | 3,973,067 | |
Series 2024-2, Class A3(c) | 5.33% | 08/15/2028 | 7,625 | 7,707,555 | |
DLLAD LLC; Series 2023-1A, Class A2(c) | 5.19% | 04/20/2026 | 1,222 | 1,223,216 | |
DLLST LLC; Series 2024-1A, Class A3(c) | 5.05% | 08/20/2027 | 5,440 | 5,462,044 | |
Enterprise Fleet Financing LLC; | |||||
Series 2023-3, Class A2(c) | 6.40% | 03/20/2030 | 7,916 | 8,059,116 | |
Series 2024-1, Class A2(c) | 5.23% | 03/20/2030 | 3,568 | 3,591,817 | |
Series 2024-3, Class A2(c) | 5.31% | 04/20/2027 | 3,750 | 3,775,037 | |
Series 2024-4, Class A2(c) | 4.69% | 07/20/2027 | 4,125 | 4,126,919 | |
Ford Credit Auto Owner Trust; Series 2023-B, Class A2A | 5.57% | 06/15/2026 | 4,690 | 4,698,035 | |
GreatAmerica Leasing Receivables Funding LLC; | |||||
Series 2023-1, Class A2(c) | 5.35% | 02/16/2026 | 3,169 | 3,175,209 | |
Series 2024-2, Class A3(c) | 5.00% | 09/15/2028 | 4,000 | 4,038,164 | |
Hyundai Auto Lease Securitization Trust; Series 2024-C, Class A2B (30 Day Average SOFR + 0.50%)(b)(c) | 5.31% | 03/15/2027 | 3,400 | 3,407,792 | |
John Deere Owner Trust; | |||||
Series 2023-B, Class A2 | 5.59% | 06/15/2026 | 2,965 | 2,969,110 | |
Series 2023-C, Class A2 | 5.76% | 08/17/2026 | 4,311 | 4,323,269 | |
Mercedes-Benz Auto Lease Trust; | |||||
Series 2023-A, Class A2 | 5.24% | 11/17/2025 | 194 | 193,632 | |
Series 2024-A, Class A2A | 5.44% | 02/16/2027 | 9,167 | 9,210,668 | |
Nissan Auto Receivables Owner Trust; Series 2023-A, Class A2A | 5.34% | 02/17/2026 | 816 | 816,040 | |
Porsche Financial Auto Securitization Trust; Series 2023-1A, Class A2(c) | 5.42% | 12/22/2026 | 680 | 680,032 | |
Porsche Innovative Lease Owner Trust; Series 2024-1A, Class A3(c) | 4.67% | 11/22/2027 | 2,500 | 2,504,143 | |
Tesla Auto Lease Trust; Series 2023-A, Class A3(c) | 5.89% | 06/22/2026 | 4,000 | 4,015,095 | |
USAA Auto Owner Trust; Series 2023-A, Class A2(c) | 5.83% | 07/15/2026 | 1,613 | 1,614,879 | |
Wheels Fleet Lease Funding 1 LLC; | |||||
Series 2023-2A, Class A(c) | 6.46% | 08/18/2038 | 8,604 | 8,764,894 | |
Series 2024-1A, Class A2 (1 mo. Term SOFR + 0.83%)(b)(c) | 5.44% | 02/18/2039 | 4,750 | 4,759,526 | |
Series 2024-2A, Class A2 (1 mo. Term SOFR + 1.00%)(b)(c) | 5.61% | 06/21/2039 | 4,000 | 4,014,420 | |
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
Auto Loans/Leases-(continued) | |||||
World Omni Automobile Lease Securitization Trust; Series 2023-A, Class A2A | 5.47% | 11/17/2025 | $253 | $253,296 | |
144,003,324 | |||||
Equipment Leasing-0.65% | |||||
Dell Equipment Finance Trust; | |||||
Series 2023-3, Class A2(c) | 6.10% | 04/23/2029 | 2,447 | 2,456,847 | |
Series 2024-1, Class A3(c) | 5.39% | 03/22/2030 | 2,750 | 2,779,500 | |
HPEFS Equipment Trust; Series 2024-2A, Class A2(c) | 5.50% | 10/20/2031 | 6,000 | 6,033,093 | |
11,269,440 | |||||
Specialized Finance-2.62% | |||||
Capital One Multi-Asset Execution Trust; Series 2022-A3, Class A | 4.95% | 10/15/2027 | 10,000 | 10,037,594 | |
DLLMT LLC; Series 2023-1A, Class A2(c) | 5.78% | 11/20/2025 | 4,136 | 4,143,575 | |
First National Master Note Trust; Series 2024-1, Class A | 5.34% | 05/15/2030 | 3,870 | 3,920,994 | |
Navient Private Education Refi Loan Trust; | |||||
Series 2020-FA, Class A(c) | 1.22% | 07/15/2069 | 4,863 | 4,500,063 | |
Series 2021-FA, Class A(c) | 1.11% | 02/18/2070 | 2,996 | 2,636,849 | |
Synchrony Card Funding LLC; | |||||
Series 2022-A2, Class A | 3.86% | 07/15/2028 | 10,000 | 9,943,476 | |
Series 2024-A1, Class A | 5.04% | 03/15/2030 | 10,000 | 10,107,440 | |
45,289,991 | |||||
Total Asset-Backed Securities (Cost $200,177,473) | 200,562,755 | ||||
Commercial Paper-9.61%(e) | |||||
Automobile Manufacturers-1.30% | |||||
Harley-Davidson Financial Services, Inc.(c) | 5.27% | 12/04/2024 | 12,500 | 12,491,725 | |
Harley-Davidson Financial Services, Inc.(c) | 5.07% | 01/22/2025 | 10,000 | 9,927,110 | |
22,418,835 | |||||
Consumer Finance-0.74% | |||||
General Motors Financial Co., Inc.(c) | 4.59% | 05/27/2025 | 13,112 | 12,795,450 | |
Diversified Banks-0.85% | |||||
HSBC USA, Inc.(c) | 4.64% | 05/27/2025 | 15,000 | 14,654,295 | |
Diversified Metals & Mining-0.49% | |||||
Glencore Funding LLC(c) | 5.55% | 01/10/2025 | 8,500 | 8,452,680 | |
Gas Utilities-0.58% | |||||
National Fuel Gas Co. | 5.01% | 12/12/2024 | 10,000 | 9,983,110 | |
Health Care Facilities-0.85% | |||||
CommonSpirit Health; Series A | 5.51% | 03/19/2025 | 15,000 | 14,758,665 | |
Household Appliances-0.81% | |||||
Whirlpool Corp.(c) | 5.05% | 12/05/2024 | 14,000 | 13,988,240 | |
Oil & Gas Exploration & Production-1.44% | |||||
APA Corp.(c) | 5.19% | 12/02/2024 | 25,000 | 24,989,025 | |
Packaged Foods & Meats-0.86% | |||||
Conagra Brands, Inc.(c) | 4.97% | 12/03/2024 | 5,000 | 4,997,275 | |
Conagra Brands, Inc.(c) | 5.02% | 12/16/2024 | 10,000 | 9,976,650 | |
14,973,925 | |||||
Telecom Tower REITs-0.92% | |||||
Crown Castle, Inc.(c) | 5.22% | 12/03/2024 | 16,000 | 15,991,184 | |
Transaction & Payment Processing Services-0.77% | |||||
Global Payments, Inc. | 5.15% | 12/02/2024 | 13,300 | 13,294,281 | |
Total Commercial Paper (Cost $166,369,267) | 166,299,690 | ||||
Interest Rate | Maturity Date | Principal Amount (000) | Value | ||
U.S. Treasury Securities-1.74% | |||||
U.S. Treasury Notes-1.74% | |||||
U.S. Treasury Notes | 0.05% | 01/31/2026 | $20,000 | $19,983,594 | |
U.S. Treasury Notes | 0.41% | 03/31/2026 | 10,000 | 10,026,562 | |
Total U.S. Treasury Securities (Cost $29,930,729) | 30,010,156 | ||||
Certificates of Deposit-1.45% | |||||
Diversified Banks-1.45% | |||||
Intesa Sanpaolo S.p.A. | 5.71% | 07/16/2025 | 10,000 | 10,039,980 | |
Natixis S.A. (SOFR + 0.60%)(b) | 5.25% | 08/04/2025 | 15,000 | 15,037,555 | |
Total Certificates of Deposit (Cost $25,000,000) | 25,077,535 | ||||
TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-94.20% (Cost $1,622,216,360) | 1,629,261,571 | ||||
Repurchase Amount | |||||
Repurchase Agreements-5.49%(f) | |||||
BofA Securities, Inc., term agreement dated 11/04/2024, maturing value of $20,002,800 (collateralized by non-agency mortgage-backed securities valued at $21,000,000; 2.35% - 8.18%; 05/25/2029 - 04/25/2065)(g) | 5.04% | 12/02/2024 | 20,002,800 | 20,000,000 | |
CF Secured LLC, joint term agreement dated 11/05/2024, aggregate maturing value of $25,003,695 (collateralized by agency and non-agency asset-backed securities and a non-agency mortgage-backed security valued at $26,699,284; 0.97% - 12.50%; 01/29/2025 - 11/27/2073)(g) | 5.32% | 12/02/2024 | 15,002,217 | 15,000,000 | |
Citigroup Global Markets, Inc., joint open agreement dated 05/15/2024 (collateralized by a non-agency asset-backed security, non-agency mortgage-backed securities and corporate obligations valued at $196,481,964; 6.47% - 9.50%; 05/09/2025 - 09/25/2062)(h) | 5.28% | 12/02/2024 | 20,002,933 | 20,000,000 | |
Nomura Securities International, Inc., joint term agreement dated 11/14/2024, aggregate maturing value of $30,004,442 (collateralized by agency and non-agency mortgage- backed securities valued at $31,112,119; 3.50% - 6.50%; 01/01/2029 - 07/25/2059)(g) | 5.33% | 12/02/2024 | 20,002,961 | 20,000,000 | |
Santander US Capital Markets LLC, joint term agreement dated 11/06/2024, aggregate maturing value of $30,004,392 (collateralized by non-agency asset-backed securities, non-agency mortgage-backed securities and a corporate obligation valued at $33,436,262; 0.00% - 14.05%; 10/10/2025 - 06/25/2059)(g) | 5.27% | 12/02/2024 | 20,002,928 | 20,000,000 | |
Total Repurchase Agreements (Cost $95,000,000) | 95,000,000 | ||||
TOTAL INVESTMENTS IN SECURITIES-99.69% (Cost $1,717,216,360) | 1,724,261,571 | ||||
OTHER ASSETS LESS LIABILITIES-0.31% | 5,395,808 | ||||
NET ASSETS-100.00% | $1,729,657,379 | ||||
REITs | -Real Estate Investment Trusts |
SOFR | -Secured Overnight Financing Rate |
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2024. |
(c) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2024 was $667,485,933, which represented 38.59% of the Fund’s Net Assets. |
(d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(e) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(f) | Principal amount equals value at period end. |
(g) | Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. |
(h) | Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. |
