Quarterly Holdings Report
for
Fidelity® Short-Term Bond Index Fund
May 31, 2024
SDX-NPRT3-0724
1.9884841.106
| Nonconvertible Bonds - 29.5% | |||
Principal Amount (a) | Value ($) | ||
| COMMUNICATION SERVICES - 1.4% | |||
| Diversified Telecommunication Services - 0.4% | |||
| AT&T, Inc.: | |||
| 1.65% 2/1/28 | 1,030,000 | 910,228 | |
| 1.7% 3/25/26 | 1,630,000 | 1,525,898 | |
| 2.3% 6/1/27 | 2,980,000 | 2,739,644 | |
| Sprint Capital Corp. 6.875% 11/15/28 | 70,000 | 73,922 | |
| Telefonica Emisiones S.A.U. 4.103% 3/8/27 | 580,000 | 562,706 | |
| TELUS Corp. 3.7% 9/15/27 | 320,000 | 304,559 | |
| Verizon Communications, Inc.: | |||
| 0.85% 11/20/25 | 1,600,000 | 1,499,444 | |
| 1.45% 3/20/26 | 1,559,000 | 1,456,489 | |
| 2.1% 3/22/28 | 470,000 | 421,071 | |
| 4.329% 9/21/28 | 1,210,000 | 1,172,486 | |
| 10,666,447 | |||
| Entertainment - 0.1% | |||
| Netflix, Inc.: | |||
| 4.875% 4/15/28 | 1,070,000 | 1,060,656 | |
| 5.875% 11/15/28 | 260,000 | 267,476 | |
| The Walt Disney Co.: | |||
| 1.75% 1/13/26 | 760,000 | 719,218 | |
| 3.375% 11/15/26 | 310,000 | 297,695 | |
| 2,345,045 | |||
| Interactive Media & Services - 0.1% | |||
| Alphabet, Inc.: | |||
| 0.45% 8/15/25 | 850,000 | 805,711 | |
| 1.998% 8/15/26 | 650,000 | 610,519 | |
| Baidu, Inc. 1.72% 4/9/26 | 1,000,000 | 933,750 | |
| Meta Platforms, Inc.: | |||
| 3.5% 8/15/27 | 1,040,000 | 997,008 | |
| 4.6% 5/15/28 | 400,000 | 396,901 | |
| 3,743,889 | |||
| Media - 0.5% | |||
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp.: | |||
| 3.75% 2/15/28 | 1,130,000 | 1,047,553 | |
| 4.2% 3/15/28 | 520,000 | 489,099 | |
| 4.908% 7/23/25 | 83,000 | 82,153 | |
| 6.1% 6/1/29 | 60,000 | 60,066 | |
| 6.15% 11/10/26 | 690,000 | 695,389 | |
| Comcast Corp.: | |||
| 2.35% 1/15/27 | 270,000 | 251,902 | |
| 3.15% 3/1/26 | 750,000 | 724,778 | |
| 3.375% 8/15/25 | 940,000 | 918,861 | |
| 3.95% 10/15/25 | 470,000 | 461,546 | |
| 4.15% 10/15/28 | 740,000 | 714,468 | |
| 4.55% 1/15/29 | 1,000,000 | 980,468 | |
| Discovery Communications LLC: | |||
| 4.125% 5/15/29 | 660,000 | 608,482 | |
| 4.9% 3/11/26 | 1,190,000 | 1,174,342 | |
| Paramount Global: | |||
| 2.9% 1/15/27 | 190,000 | 174,973 | |
| 3.375% 2/15/28 | 200,000 | 179,899 | |
| TCI Communications, Inc. 7.875% 2/15/26 | 620,000 | 645,152 | |
| TWDC Enterprises 18 Corp.: | |||
| 1.85% 7/30/26 | 120,000 | 111,818 | |
| 2.95% 6/15/27 | 820,000 | 775,993 | |
| 3% 2/13/26 | 130,000 | 125,310 | |
| Warnermedia Holdings, Inc.: | |||
| 3.755% 3/15/27 | 1,640,000 | 1,555,230 | |
| 4.054% 3/15/29 | 270,000 | 248,615 | |
| 12,026,097 | |||
| Wireless Telecommunication Services - 0.3% | |||
| Rogers Communications, Inc.: | |||
| 3.2% 3/15/27 | 580,000 | 549,104 | |
| 5% 2/15/29 | 580,000 | 571,427 | |
| Sprint Corp. 7.625% 3/1/26 | 1,140,000 | 1,170,174 | |
| T-Mobile U.S.A., Inc.: | |||
| 1.5% 2/15/26 | 290,000 | 271,304 | |
| 3.375% 4/15/29 | 1,880,000 | 1,720,568 | |
| 3.5% 4/15/25 | 1,030,000 | 1,010,626 | |
| 3.75% 4/15/27 | 470,000 | 450,737 | |
| 4.95% 3/15/28 | 2,000,000 | 1,978,757 | |
| 5.375% 4/15/27 | 1,020,000 | 1,020,562 | |
| Vodafone Group PLC 4.125% 5/30/25 | 190,000 | 187,343 | |
| 8,930,602 | |||
TOTAL COMMUNICATION SERVICES | 37,712,080 | ||
| CONSUMER DISCRETIONARY - 1.5% | |||
| Automobile Components - 0.0% | |||
| Lear Corp. 3.8% 9/15/27 | 280,000 | 267,152 | |
| Magna International, Inc. 4.15% 10/1/25 | 360,000 | 353,525 | |
| 620,677 | |||
| Automobiles - 0.5% | |||
| American Honda Finance Corp.: | |||
| 1% 9/10/25 | 1,450,000 | 1,371,426 | |
| 1.2% 7/8/25 | 505,000 | 482,399 | |
| 3.5% 2/15/28 | 560,000 | 530,380 | |
| 4.6% 4/17/25 | 700,000 | 694,769 | |
| 5.125% 7/7/28 | 280,000 | 280,649 | |
| General Motors Co. 4% 4/1/25 | 390,000 | 384,422 | |
| General Motors Financial Co., Inc.: | |||
| 1.25% 1/8/26 | 1,070,000 | 999,801 | |
| 2.7% 8/20/27 | 580,000 | 533,869 | |
| 3.85% 1/5/28 | 280,000 | 264,568 | |
| 4% 10/6/26 | 640,000 | 618,415 | |
| 4.3% 7/13/25 | 840,000 | 827,528 | |
| 5% 4/9/27 | 960,000 | 949,483 | |
| 5.25% 3/1/26 | 590,000 | 586,685 | |
| 5.4% 4/6/26 | 1,000,000 | 996,686 | |
| 5.4% 5/8/27 | 630,000 | 628,942 | |
| 5.8% 6/23/28 | 400,000 | 403,358 | |
| 5.8% 1/7/29 | 990,000 | 996,858 | |
| Toyota Motor Corp.: | |||
| 1.339% 3/25/26 | 110,000 | 102,874 | |
| 5.118% 7/13/28 | 1,800,000 | 1,808,938 | |
| 13,462,050 | |||
| Broadline Retail - 0.3% | |||
| Alibaba Group Holding Ltd. 3.6% 11/28/24 | 2,000,000 | 1,979,640 | |
| Amazon.com, Inc.: | |||
| 0.8% 6/3/25 | 2,158,000 | 2,065,272 | |
| 1% 5/12/26 | 1,168,000 | 1,081,671 | |
| 1.2% 6/3/27 | 1,440,000 | 1,293,497 | |
| 3.15% 8/22/27 | 1,120,000 | 1,061,490 | |
| 4.55% 12/1/27 | 420,000 | 416,505 | |
| eBay, Inc. 1.4% 5/10/26 | 666,000 | 617,380 | |
| 8,515,455 | |||
| Hotels, Restaurants & Leisure - 0.2% | |||
| Expedia Group, Inc.: | |||
| 3.8% 2/15/28 | 490,000 | 463,950 | |
| 5% 2/15/26 | 330,000 | 326,715 | |
| Marriott International, Inc.: | |||
| 3.125% 6/15/26 | 190,000 | 181,763 | |
| 4.875% 5/15/29 | 600,000 | 589,377 | |
| 5% 10/15/27 | 450,000 | 447,525 | |
| McDonald's Corp.: | |||
| 1.45% 9/1/25 | 110,000 | 104,802 | |
| 3.3% 7/1/25 | 1,310,000 | 1,281,421 | |
| 3.5% 7/1/27 | 240,000 | 228,988 | |
| 3.7% 1/30/26 | 110,000 | 107,285 | |
| 3.8% 4/1/28 | 340,000 | 325,529 | |
| Starbucks Corp.: | |||
| 2.45% 6/15/26 | 350,000 | 331,445 | |
| 3.8% 8/15/25 | 583,000 | 571,964 | |
| 4% 11/15/28 | 980,000 | 939,548 | |
| 5,900,312 | |||
| Household Durables - 0.1% | |||
| D.R. Horton, Inc. 1.3% 10/15/26 | 750,000 | 682,730 | |
| Lennar Corp.: | |||
| 4.75% 5/30/25 | 400,000 | 396,543 | |
| 4.75% 11/29/27 | 350,000 | 345,684 | |
| Toll Brothers Finance Corp. 4.35% 2/15/28 | 370,000 | 355,407 | |
| 1,780,364 | |||
| Leisure Products - 0.0% | |||
| Hasbro, Inc.: | |||
| 3.5% 9/15/27 | 360,000 | 337,857 | |
| 3.55% 11/19/26 | 200,000 | 190,468 | |
| 528,325 | |||
| Specialty Retail - 0.3% | |||
| AutoNation, Inc. 1.95% 8/1/28 | 190,000 | 163,943 | |
| AutoZone, Inc.: | |||
| 3.125% 4/21/26 | 270,000 | 258,810 | |
| 4.5% 2/1/28 | 160,000 | 156,011 | |
| Lowe's Companies, Inc.: | |||
| 4% 4/15/25 | 2,863,000 | 2,825,313 | |
| 4.8% 4/1/26 | 700,000 | 694,138 | |
| Ross Stores, Inc. 4.6% 4/15/25 | 450,000 | 446,133 | |
| The Home Depot, Inc.: | |||
| 2.125% 9/15/26 | 480,000 | 450,101 | |
| 2.8% 9/14/27 | 1,220,000 | 1,141,140 | |
| 3% 4/1/26 | 100,000 | 96,316 | |
| 3.35% 9/15/25 | 720,000 | 703,174 | |
| 3.9% 12/6/28 | 330,000 | 317,421 | |
| 4.9% 4/15/29 | 660,000 | 658,549 | |
| 7,911,049 | |||
| Textiles, Apparel & Luxury Goods - 0.1% | |||
| NIKE, Inc. 2.75% 3/27/27 | 550,000 | 518,856 | |
| Tapestry, Inc. 7.35% 11/27/28 | 600,000 | 621,323 | |
| VF Corp. 2.8% 4/23/27 | 420,000 | 380,703 | |
| 1,520,882 | |||
TOTAL CONSUMER DISCRETIONARY | 40,239,114 | ||
| CONSUMER STAPLES - 1.6% | |||
| Beverages - 0.4% | |||
| Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/29 | 1,940,000 | 1,926,320 | |
| Constellation Brands, Inc.: | |||
| 3.7% 12/6/26 | 340,000 | 327,048 | |
| 4.35% 5/9/27 | 250,000 | 243,971 | |
| 4.65% 11/15/28 | 230,000 | 225,006 | |
| 4.8% 1/15/29 | 240,000 | 235,743 | |
| Diageo Capital PLC 5.3% 10/24/27 | 650,000 | 654,862 | |
| Keurig Dr. Pepper, Inc.: | |||
| 2.55% 9/15/26 | 110,000 | 103,526 | |
| 3.4% 11/15/25 | 150,000 | 145,729 | |
| 3.43% 6/15/27 | 340,000 | 323,066 | |
| 4.417% 5/25/25 | 237,000 | 234,616 | |
| 4.597% 5/25/28 | 1,300,000 | 1,272,496 | |
| Molson Coors Beverage Co. 3% 7/15/26 | 840,000 | 800,209 | |
| PepsiCo, Inc.: | |||
| 2.375% 10/6/26 | 500,000 | 471,310 | |
| 3% 10/15/27 | 2,470,000 | 2,326,036 | |
| 3.6% 2/18/28 | 230,000 | 220,665 | |
| The Coca-Cola Co.: | |||
| 1.45% 6/1/27 | 610,000 | 553,673 | |
| 2.9% 5/25/27 | 760,000 | 720,299 | |
| 10,784,575 | |||
| Consumer Staples Distribution & Retail - 0.3% | |||
| Dollar General Corp. 4.625% 11/1/27 | 1,000,000 | 977,831 | |
| Dollar Tree, Inc. 4.2% 5/15/28 | 940,000 | 900,970 | |
| Kroger Co.: | |||
| 2.65% 10/15/26 | 120,000 | 113,092 | |
| 3.5% 2/1/26 | 200,000 | 194,192 | |
| Sysco Corp.: | |||
| 3.25% 7/15/27 | 340,000 | 321,037 | |
| 3.3% 7/15/26 | 590,000 | 566,218 | |
| Target Corp.: | |||
| 2.25% 4/15/25 | 313,000 | 304,948 | |
| 2.5% 4/15/26 | 420,000 | 401,376 | |
| 3.375% 4/15/29 | 250,000 | 234,054 | |
| Walmart, Inc.: | |||
| 1.5% 9/22/28 | 1,350,000 | 1,184,352 | |
| 3.05% 7/8/26 | 1,150,000 | 1,108,528 | |
| 3.55% 6/26/25 | 280,000 | 275,063 | |
| 3.9% 4/15/28 | 300,000 | 291,196 | |
| 3.95% 9/9/27 | 800,000 | 779,551 | |
| 7,652,408 | |||
| Food Products - 0.4% | |||
| Bunge Ltd. Finance Corp. 3.25% 8/15/26 | 600,000 | 572,302 | |
| Campbell Soup Co. 4.15% 3/15/28 | 550,000 | 530,331 | |
| Conagra Brands, Inc.: | |||
| 1.375% 11/1/27 | 270,000 | 236,336 | |
| 4.6% 11/1/25 | 230,000 | 226,924 | |
| 4.85% 11/1/28 | 1,000,000 | 977,718 | |
| General Mills, Inc. 4% 4/17/25 | 490,000 | 483,629 | |
| Kellanova 3.4% 11/15/27 | 450,000 | 424,315 | |
| Kraft Heinz Foods Co.: | |||
| 3% 6/1/26 | 430,000 | 411,508 | |
| 3.875% 5/15/27 | 800,000 | 773,851 | |
| McCormick & Co., Inc. 3.4% 8/15/27 | 390,000 | 369,492 | |
| Mondelez International, Inc. 2.625% 3/17/27 | 500,000 | 467,623 | |
| The Hershey Co. 2.3% 8/15/26 | 590,000 | 555,320 | |
| The J.M. Smucker Co. 3.375% 12/15/27 | 360,000 | 339,450 | |
| Tyson Foods, Inc.: | |||
| 3.55% 6/2/27 | 550,000 | 523,110 | |
| 4% 3/1/26 | 550,000 | 536,418 | |
| 5.4% 3/15/29 | 320,000 | 319,722 | |
| Unilever Capital Corp.: | |||
| 2% 7/28/26 | 280,000 | 262,783 | |
| 2.9% 5/5/27 | 730,000 | 691,832 | |
| 3.1% 7/30/25 | 370,000 | 361,598 | |
| 4.875% 9/8/28 | 160,000 | 159,903 | |
| 9,224,165 | |||
| Household Products - 0.2% | |||
| Colgate-Palmolive Co. 4.8% 3/2/26 | 640,000 | 638,358 | |
| Kimberly-Clark Corp.: | |||
| 1.05% 9/15/27 | 450,000 | 396,953 | |
| 3.95% 11/1/28 | 280,000 | 269,175 | |
| Procter & Gamble Co.: | |||
| 0.55% 10/29/25 | 640,000 | 601,301 | |
| 1% 4/23/26 | 550,000 | 511,781 | |
| 2.85% 8/11/27 | 1,080,000 | 1,018,897 | |
| 3.95% 1/26/28 | 1,020,000 | 996,708 | |
| 4,433,173 | |||
| Personal Care Products - 0.0% | |||
| Estee Lauder Companies, Inc. 4.375% 5/15/28 | 250,000 | 244,689 | |
| Kenvue, Inc.: | |||
| 5.05% 3/22/28 | 590,000 | 591,615 | |
| 5.35% 3/22/26 | 220,000 | 220,562 | |
| 1,056,866 | |||
| Tobacco - 0.3% | |||
| Altria Group, Inc.: | |||
| 2.35% 5/6/25 | 270,000 | 261,958 | |
| 2.625% 9/16/26 | 390,000 | 366,820 | |
| 4.4% 2/14/26 | 100,000 | 98,385 | |
| BAT Capital Corp.: | |||
| 2.259% 3/25/28 | 450,000 | 401,440 | |
| 3.215% 9/6/26 | 200,000 | 190,395 | |
| 3.557% 8/15/27 | 1,040,000 | 985,254 | |
| 4.7% 4/2/27 | 250,000 | 245,658 | |
| BAT International Finance PLC: | |||
| 1.668% 3/25/26 | 680,000 | 635,021 | |
| 5.931% 2/2/29 | 370,000 | 377,912 | |
| Philip Morris International, Inc.: | |||
| 1.5% 5/1/25 | 760,000 | 733,412 | |
| 3.125% 8/17/27 | 220,000 | 207,720 | |
| 4.875% 2/15/28 | 500,000 | 494,715 | |
| 5.125% 11/17/27 | 1,970,000 | 1,965,996 | |
| Reynolds American, Inc. 4.45% 6/12/25 | 650,000 | 642,031 | |
| 7,606,717 | |||
TOTAL CONSUMER STAPLES | 40,757,904 | ||
| ENERGY - 1.7% | |||
| Energy Equipment & Services - 0.0% | |||
| Baker Hughes Co. 2.061% 12/15/26 | 660,000 | 609,921 | |
| Oil, Gas & Consumable Fuels - 1.7% | |||
| Boardwalk Pipelines LP 4.45% 7/15/27 | 540,000 | 524,994 | |
| BP Capital Markets PLC 3.723% 11/28/28 | 1,380,000 | 1,305,315 | |
| Canadian Natural Resources Ltd.: | |||
| 2.05% 7/15/25 | 280,000 | 268,839 | |
| 3.85% 6/1/27 | 590,000 | 565,876 | |
| Cenovus Energy, Inc. 5.375% 7/15/25 | 280,000 | 278,681 | |
| Cheniere Corpus Christi Holdings LLC 5.125% 6/30/27 | 340,000 | 337,275 | |
| Cheniere Energy, Inc. 4.625% 10/15/28 | 970,000 | 934,023 | |
| Chevron Corp.: | |||
| 1.554% 5/11/25 | 1,000,000 | 965,419 | |
| 1.995% 5/11/27 | 830,000 | 764,753 | |
| 2.954% 5/16/26 | 810,000 | 778,521 | |
| 3.326% 11/17/25 | 250,000 | 243,947 | |
| Columbia Pipeline Group, Inc. 4.5% 6/1/25 | 400,000 | 394,650 | |
| DCP Midstream Operating LP: | |||
| 5.375% 7/15/25 | 64,000 | 63,706 | |
| 5.625% 7/15/27 | 330,000 | 333,101 | |
| Enbridge, Inc.: | |||
| 1.6% 10/4/26 | 500,000 | 458,025 | |
| 3.7% 7/15/27 | 330,000 | 315,954 | |
| 5.3% 4/5/29 | 600,000 | 598,861 | |
| Energy Transfer LP: | |||
| 2.9% 5/15/25 | 1,010,000 | 983,317 | |
| 4.95% 6/15/28 | 760,000 | 747,718 | |
| 5.5% 6/1/27 | 100,000 | 100,140 | |
| 5.95% 12/1/25 | 370,000 | 371,355 | |
| 6.1% 12/1/28 | 1,460,000 | 1,498,431 | |
| Enterprise Products Operating LP: | |||
| 4.15% 10/16/28 | 240,000 | 231,774 | |
| 5.05% 1/10/26 | 2,000,000 | 1,993,971 | |
| 5.25% 8/16/77 (b) | 250,000 | 238,799 | |
| EOG Resources, Inc. 3.15% 4/1/25 | 1,610,000 | 1,580,010 | |
| EQT Corp.: | |||
| 3.9% 10/1/27 | 250,000 | 237,941 | |
| 5.7% 4/1/28 | 380,000 | 381,585 | |
| Equinor ASA 2.875% 4/6/25 | 2,700,000 | 2,645,997 | |
| Exxon Mobil Corp. 2.275% 8/16/26 | 650,000 | 612,819 | |
| Hess Corp. 4.3% 4/1/27 | 350,000 | 340,692 | |
| Kinder Morgan, Inc.: | |||
| 1.75% 11/15/26 | 610,000 | 559,994 | |
| 4.3% 3/1/28 | 410,000 | 397,615 | |
| Marathon Oil Corp.: | |||
| 4.4% 7/15/27 | 390,000 | 381,340 | |
| 5.3% 4/1/29 | 140,000 | 140,339 | |
| Marathon Petroleum Corp. 4.7% 5/1/25 | 1,675,000 | 1,659,859 | |
| MPLX LP: | |||
| 1.75% 3/1/26 | 840,000 | 786,473 | |
| 4% 3/15/28 | 1,070,000 | 1,021,117 | |
| 4.25% 12/1/27 | 580,000 | 560,561 | |
| Occidental Petroleum Corp.: | |||
| 6.375% 9/1/28 | 110,000 | 113,050 | |
| 8.5% 7/15/27 | 770,000 | 824,585 | |
| ONEOK, Inc.: | |||
| 4.55% 7/15/28 | 590,000 | 572,845 | |
| 5.85% 1/15/26 | 520,000 | 522,143 | |
| Ovintiv, Inc. 5.65% 5/15/28 | 580,000 | 585,673 | |
| Phillips 66 Co.: | |||
| 3.55% 10/1/26 | 390,000 | 375,124 | |
| 3.85% 4/9/25 | 1,000,000 | 985,441 | |
| Pioneer Natural Resources Co. 1.125% 1/15/26 | 270,000 | 252,594 | |
| Plains All American Pipeline LP/PAA Finance Corp.: | |||
| 4.5% 12/15/26 | 230,000 | 224,829 | |
| 4.65% 10/15/25 | 140,000 | 138,287 | |
| Sabine Pass Liquefaction LLC: | |||
| 4.2% 3/15/28 | 400,000 | 385,414 | |
| 5% 3/15/27 | 790,000 | 783,411 | |
| 5.875% 6/30/26 | 450,000 | 451,792 | |
| Schlumberger Investment SA 4.5% 5/15/28 | 320,000 | 314,502 | |
| Shell International Finance BV: | |||
| 2.875% 5/10/26 | 960,000 | 921,475 | |
| 3.25% 5/11/25 | 310,000 | 304,117 | |
| 3.875% 11/13/28 | 710,000 | 680,081 | |
| Targa Resources Corp. 6.15% 3/1/29 | 650,000 | 669,498 | |
| Targa Resources Partners LP/Targa Resources Partners Finance Corp. 6.5% 7/15/27 | 710,000 | 714,273 | |
| Tennessee Gas Pipeline Co. 7% 3/15/27 | 540,000 | 563,458 | |
| The Williams Companies, Inc.: | |||
| 3.75% 6/15/27 | 1,990,000 | 1,902,413 | |
| 4% 9/15/25 | 760,000 | 744,866 | |
| TotalEnergies Capital International SA 3.455% 2/19/29 | 570,000 | 534,219 | |
| TransCanada PipeLines Ltd.: | |||
| 4.25% 5/15/28 | 490,000 | 471,586 | |
| 4.875% 1/15/26 | 340,000 | 336,729 | |
| Valero Energy Corp. 2.85% 4/15/25 | 1,000,000 | 975,626 | |
| Valero Energy Partners LP 4.5% 3/15/28 | 230,000 | 223,709 | |
| Western Midstream Operating LP: | |||
| 4.5% 3/1/28 | 410,000 | 394,948 | |
| 4.75% 8/15/28 | 240,000 | 233,509 | |
| 42,803,984 | |||
TOTAL ENERGY | 43,413,905 | ||
| FINANCIALS - 13.6% | |||
| Banks - 7.9% | |||
| Australia and New Zealand Banking Group Ltd. 5.088% 12/8/25 | 630,000 | 628,552 | |
| Banco Bilbao Vizcaya Argentaria SA: | |||
| 5.381% 3/13/29 | 600,000 | 600,703 | |
| 6.138% 9/14/28 (b) | 200,000 | 203,807 | |
| Banco Santander SA: | |||
| 1.722% 9/14/27 (b) | 800,000 | 730,970 | |
| 1.849% 3/25/26 | 1,200,000 | 1,122,757 | |
| 4.175% 3/24/28 (b) | 600,000 | 576,026 | |
| 4.379% 4/12/28 | 600,000 | 575,169 | |
| 5.147% 8/18/25 | 200,000 | 198,266 | |
| 5.179% 11/19/25 | 400,000 | 396,209 | |
| 5.294% 8/18/27 | 400,000 | 396,610 | |
| 5.538% 3/14/30 (b) | 600,000 | 595,377 | |
| 6.607% 11/7/28 | 200,000 | 209,705 | |
| Bank of America Corp.: | |||
| U.S. Secured Overnight Fin. Rate (SOFR) Index + 1.290% 5.08% 1/20/27 (b)(c) | 1,100,000 | 1,092,099 | |
| 0.981% 9/25/25 (b) | 2,000,000 | 1,970,251 | |
| 1.319% 6/19/26 (b) | 1,000,000 | 955,034 | |
| 1.658% 3/11/27 (b) | 820,000 | 766,541 | |
| 1.734% 7/22/27 (b) | 3,260,000 | 3,010,431 | |
| 2.015% 2/13/26 (b) | 1,250,000 | 1,217,509 | |
| 2.456% 10/22/25 (b) | 1,400,000 | 1,381,885 | |
| 3.419% 12/20/28 (b) | 1,540,000 | 1,441,814 | |
| 3.593% 7/21/28 (b) | 1,120,000 | 1,062,864 | |
| 3.875% 8/1/25 | 2,130,000 | 2,093,471 | |
| 3.95% 4/21/25 | 580,000 | 571,167 | |
| 3.974% 2/7/30 (b) | 500,000 | 471,146 | |
| 4.25% 10/22/26 | 2,030,000 | 1,978,533 | |
| 4.376% 4/27/28 (b) | 1,900,000 | 1,848,735 | |
| 4.948% 7/22/28 (b) | 1,200,000 | 1,186,226 | |
| 5.202% 4/25/29 (b) | 750,000 | 745,950 | |
| 5.819% 9/15/29 (b) | 2,000,000 | 2,033,839 | |
| 6.204% 11/10/28 (b) | 800,000 | 822,751 | |
| Bank of America NA 5.526% 8/18/26 | 1,710,000 | 1,720,518 | |
| Bank of Montreal: | |||
| 0.949% 1/22/27 (b) | 100,000 | 92,999 | |
| 1.25% 9/15/26 | 750,000 | 684,650 | |
| 3.803% 12/15/32 (b) | 600,000 | 561,002 | |
| 4.7% 9/14/27 | 1,690,000 | 1,664,418 | |
| 5.717% 9/25/28 | 140,000 | 142,711 | |
| Bank of Nova Scotia: | |||
| 1.05% 3/2/26 | 590,000 | 547,823 | |
| 1.3% 9/15/26 | 1,240,000 | 1,133,215 | |
| 4.5% 12/16/25 | 1,300,000 | 1,276,130 | |
| 4.75% 2/2/26 | 1,500,000 | 1,483,549 | |
| 5.25% 6/12/28 | 260,000 | 260,369 | |
| Barclays PLC: | |||
| 2.279% 11/24/27 (b) | 1,940,000 | 1,788,372 | |
| 2.852% 5/7/26 (b) | 400,000 | 389,317 | |
| 4.375% 1/12/26 | 520,000 | 509,486 | |
| 4.836% 5/9/28 | 410,000 | 395,853 | |
| 5.2% 5/12/26 | 800,000 | 789,955 | |
| 5.501% 8/9/28 (b) | 200,000 | 199,461 | |
| 5.674% 3/12/28 (b) | 1,410,000 | 1,410,742 | |
| 5.69% 3/12/30 (b) | 550,000 | 549,645 | |
| 5.829% 5/9/27 (b) | 600,000 | 600,165 | |
| 6.49% 9/13/29 (b) | 520,000 | 537,613 | |
| 7.385% 11/2/28 (b) | 1,000,000 | 1,052,917 | |
| Canadian Imperial Bank of Commerce: | |||
| 1.25% 6/22/26 | 590,000 | 543,714 | |
| 3.945% 8/4/25 | 530,000 | 520,792 | |
| 5.26% 4/8/29 | 1,000,000 | 996,913 | |
| Citibank NA 5.803% 9/29/28 | 760,000 | 779,653 | |
| Citigroup, Inc.: | |||
| 1.122% 1/28/27 (b) | 2,100,000 | 1,953,313 | |
| 1.462% 6/9/27 (b) | 2,200,000 | 2,030,765 | |
| 3.106% 4/8/26 (b) | 2,040,000 | 1,995,128 | |
| 3.3% 4/27/25 | 1,420,000 | 1,392,280 | |
| 3.52% 10/27/28 (b) | 1,650,000 | 1,554,354 | |
| 3.668% 7/24/28 (b) | 590,000 | 560,535 | |
| 3.887% 1/10/28 (b) | 1,130,000 | 1,088,603 | |
| 4.075% 4/23/29 (b) | 650,000 | 620,989 | |
| 4.125% 7/25/28 | 480,000 | 459,062 | |
| 4.4% 6/10/25 | 140,000 | 138,206 | |
| 4.45% 9/29/27 | 350,000 | 340,677 | |
| 4.6% 3/9/26 | 750,000 | 737,775 | |
| 5.5% 9/13/25 | 1,500,000 | 1,498,626 | |
| Citizens Financial Group, Inc. 5.841% 1/23/30 (b) | 370,000 | 367,646 | |
| Comerica, Inc. 5.982% 1/30/30 (b) | 530,000 | 522,434 | |
| Commonwealth Bank of Australia New York Branch 5.316% 3/13/26 | 710,000 | 711,923 | |
| Cooperatieve Rabobank UA 4.375% 8/4/25 | 360,000 | 353,730 | |
| Cooperatieve Rabobank UA/NY 5.5% 7/18/25 | 1,300,000 | 1,301,673 | |
| Corporacion Andina de Fomento 5% 1/24/29 | 175,000 | 173,177 | |
| Export-Import Bank of Korea: | |||
| 0.625% 2/9/26 | 1,200,000 | 1,111,934 | |
| 5% 1/11/28 | 2,000,000 | 2,000,260 | |
| 5.125% 9/18/28 | 400,000 | 401,916 | |
| Fifth Third Bancorp: | |||
| 1.707% 11/1/27 (b) | 250,000 | 228,395 | |
| 3.95% 3/14/28 | 930,000 | 883,152 | |
| 6.361% 10/27/28 (b) | 500,000 | 509,371 | |
| HSBC Holdings PLC: | |||
| 2.013% 9/22/28 (b) | 3,240,000 | 2,898,380 | |
| 2.633% 11/7/25 (b) | 1,600,000 | 1,578,163 | |
| 2.999% 3/10/26 (b) | 5,000,000 | 4,894,772 | |
| 4.25% 8/18/25 | 444,000 | 435,275 | |
| 4.292% 9/12/26 (b) | 300,000 | 294,470 | |
| 5.597% 5/17/28 (b) | 1,710,000 | 1,714,837 | |
| 5.887% 8/14/27 (b) | 3,000,000 | 3,020,247 | |
| 6.161% 3/9/29 (b) | 400,000 | 408,536 | |
| Huntington National Bank: | |||
| 4.552% 5/17/28 (b) | 590,000 | 574,972 | |
| 5.699% 11/18/25 (b) | 830,000 | 828,218 | |
| ING Groep NV: | |||
| 1.726% 4/1/27 (b) | 484,000 | 451,370 | |
| 4.017% 3/28/28 (b) | 1,240,000 | 1,194,527 | |
| 4.05% 4/9/29 | 700,000 | 664,847 | |
| 5.335% 3/19/30 (b) | 430,000 | 426,572 | |
| Japan Bank International Cooperation: | |||
| 1.875% 7/21/26 | 5,300,000 | 4,959,320 | |
| 4.875% 10/18/28 | 1,000,000 | 1,002,234 | |
| JPMorgan Chase & Co.: | |||
| 0.768% 8/9/25 (b) | 2,100,000 | 2,080,026 | |
| 0.824% 6/1/25 (b) | 1,000,000 | 1,000,000 | |
| 1.04% 2/4/27 (b) | 1,500,000 | 1,392,423 | |
| 1.045% 11/19/26 (b) | 470,000 | 440,030 | |
| 1.47% 9/22/27 (b) | 690,000 | 631,426 | |
| 1.578% 4/22/27 (b) | 3,211,000 | 2,985,831 | |
| 2.083% 4/22/26 (b) | 1,500,000 | 1,452,881 | |
| 2.301% 10/15/25 (b) | 1,200,000 | 1,184,521 | |
| 3.2% 6/15/26 | 150,000 | 144,367 | |
| 3.54% 5/1/28 (b) | 510,000 | 485,431 | |
| 3.625% 12/1/27 | 450,000 | 429,071 | |
| 3.702% 5/6/30 (b) | 260,000 | 241,702 | |
| 4.005% 4/23/29 (b) | 1,960,000 | 1,869,409 | |
| 4.125% 12/15/26 | 460,000 | 447,503 | |
| 4.323% 4/26/28 (b) | 3,000,000 | 2,918,064 | |
| 4.851% 7/25/28 (b) | 3,700,000 | 3,651,795 | |
| 5.012% 1/23/30 (b) | 730,000 | 720,328 | |
| 5.581% 4/22/30 (b) | 3,000,000 | 3,032,653 | |
| KeyBank NA 3.3% 6/1/25 | 1,200,000 | 1,168,234 | |
| KeyCorp 2.25% 4/6/27 | 50,000 | 45,248 | |
| Lloyds Banking Group PLC: | |||
| 1.627% 5/11/27 (b) | 210,000 | 194,460 | |
| 2.438% 2/5/26 (b) | 200,000 | 195,523 | |
| 3.574% 11/7/28 (b) | 1,310,000 | 1,227,775 | |
| 3.75% 3/18/28 (b) | 610,000 | 582,926 | |
| 4.65% 3/24/26 | 330,000 | 323,566 | |
| 5.721% 6/5/30 (b) | 900,000 | 905,167 | |
| 5.871% 3/6/29 (b) | 240,000 | 242,649 | |
| M&T Bank Corp. 7.413% 10/30/29 (b) | 180,000 | 189,230 | |
| Manufacturers & Traders Trust Co. 4.7% 1/27/28 | 1,220,000 | 1,171,327 | |
| Mitsubishi UFJ Financial Group, Inc.: | |||
| 1.412% 7/17/25 | 730,000 | 697,400 | |
| 1.538% 7/20/27 (b) | 900,000 | 829,618 | |
| 2.757% 9/13/26 | 1,110,000 | 1,048,412 | |
| 3.741% 3/7/29 | 850,000 | 798,981 | |
| 3.961% 3/2/28 | 450,000 | 431,932 | |
| 5.017% 7/20/28 (b) | 1,050,000 | 1,042,071 | |
| 5.242% 4/19/29 (b) | 300,000 | 299,323 | |
| 5.354% 9/13/28 (b) | 300,000 | 299,899 | |
| 5.422% 2/22/29 (b) | 1,000,000 | 1,003,640 | |
| Mizuho Financial Group, Inc.: | |||
| 1.234% 5/22/27 (b) | 210,000 | 193,405 | |
| 1.554% 7/9/27 (b) | 743,000 | 684,942 | |
| 2.226% 5/25/26 (b) | 200,000 | 193,378 | |
| 2.839% 7/16/25 (b) | 200,000 | 199,273 | |
| 3.17% 9/11/27 | 430,000 | 402,573 | |
| 5.414% 9/13/28 (b) | 200,000 | 199,996 | |
| 5.778% 7/6/29 (b) | 860,000 | 870,512 | |
| Morgan Stanley Bank, West Valley City Utah 4.754% 4/21/26 | 2,450,000 | 2,424,677 | |
| National Australia Bank Ltd.: | |||
| 3.375% 1/14/26 | 800,000 | 777,514 | |
| 3.905% 6/9/27 | 1,140,000 | 1,103,881 | |
| 4.787% 1/10/29 | 280,000 | 277,003 | |
| 4.9% 6/13/28 | 440,000 | 438,144 | |
| NatWest Group PLC: | |||
| 3.073% 5/22/28 (b) | 500,000 | 466,788 | |
| 4.8% 4/5/26 | 990,000 | 977,525 | |
| 5.516% 9/30/28 (b) | 200,000 | 199,520 | |
| 5.808% 9/13/29 (b) | 900,000 | 909,012 | |
| 5.847% 3/2/27 (b) | 200,000 | 200,539 | |
| Oesterreichische Kontrollbank AG 0.375% 9/17/25 | 583,000 | 548,598 | |
| PNC Bank NA 3.25% 6/1/25 | 1,040,000 | 1,017,054 | |
| PNC Financial Services Group, Inc.: | |||
| 1.15% 8/13/26 | 900,000 | 822,851 | |
| 5.3% 1/21/28 (b) | 1,000,000 | 997,128 | |
| 5.354% 12/2/28 (b) | 160,000 | 159,769 | |
| 5.492% 5/14/30 (b) | 450,000 | 450,504 | |
| 5.582% 6/12/29 (b) | 440,000 | 442,910 | |
| Royal Bank of Canada: | |||
| 0.875% 1/20/26 | 2,060,000 | 1,923,388 | |
| 1.2% 4/27/26 | 2,080,000 | 1,926,174 | |
| 2.05% 1/21/27 | 600,000 | 556,089 | |
| 3.625% 5/4/27 | 520,000 | 499,186 | |
| 4.95% 2/1/29 | 1,070,000 | 1,060,720 | |
| Santander Holdings U.S.A., Inc.: | |||
| 2.49% 1/6/28 (b) | 500,000 | 458,414 | |
| 4.5% 7/17/25 | 1,270,000 | 1,249,112 | |
| 6.174% 1/9/30 (b) | 420,000 | 422,807 | |
| 6.565% 6/12/29 (b) | 550,000 | 562,575 | |
| Santander UK Group Holdings PLC: | |||
| 1.532% 8/21/26 (b) | 540,000 | 512,678 | |
| 1.673% 6/14/27 (b) | 420,000 | 387,169 | |
| 3.823% 11/3/28 (b) | 400,000 | 376,307 | |
| 6.534% 1/10/29 (b) | 800,000 | 821,121 | |
| Sumitomo Mitsui Financial Group, Inc.: | |||
| 1.474% 7/8/25 | 1,500,000 | 1,435,351 | |
| 2.174% 1/14/27 | 1,400,000 | 1,295,284 | |
| 2.632% 7/14/26 | 1,520,000 | 1,438,651 | |
| 3.01% 10/19/26 | 240,000 | 227,618 | |
| 3.446% 1/11/27 | 370,000 | 353,962 | |
| 3.544% 1/17/28 | 2,190,000 | 2,069,385 | |
| 5.52% 1/13/28 | 650,000 | 656,616 | |
| 5.8% 7/13/28 | 300,000 | 305,846 | |
| Synchrony Bank: | |||
| 5.4% 8/22/25 | 250,000 | 247,590 | |
| 5.625% 8/23/27 | 500,000 | 493,051 | |
| The Toronto-Dominion Bank: | |||
| 0.75% 1/6/26 | 520,000 | 483,894 | |
| 1.2% 6/3/26 | 390,000 | 359,359 | |
| 1.95% 1/12/27 | 1,550,000 | 1,432,891 | |
| 3.625% 9/15/31 (b) | 630,000 | 600,534 | |
| 4.108% 6/8/27 | 520,000 | 503,844 | |
| 5.156% 1/10/28 | 1,430,000 | 1,426,252 | |
| 5.264% 12/11/26 | 1,000,000 | 999,114 | |
| 5.523% 7/17/28 | 650,000 | 655,764 | |
| Truist Financial Corp.: | |||
| 1.2% 8/5/25 | 1,100,000 | 1,045,000 | |
| 1.267% 3/2/27 (b) | 937,000 | 869,114 | |
| 6.047% 6/8/27 (b) | 2,000,000 | 2,014,795 | |
| U.S. Bancorp: | |||
| 2.375% 7/22/26 | 380,000 | 358,317 | |
| 3.95% 11/17/25 | 2,530,000 | 2,477,262 | |
| 5.727% 10/21/26 (b) | 1,000,000 | 1,001,617 | |
| 5.775% 6/12/29 (b) | 1,260,000 | 1,273,966 | |
| Wells Fargo & Co.: | |||
| 2.188% 4/30/26 (b) | 510,000 | 493,944 | |
| 2.393% 6/2/28 (b) | 2,160,000 | 1,981,487 | |
| 2.406% 10/30/25 (b) | 1,390,000 | 1,370,964 | |
| 3% 10/23/26 | 100,000 | 94,842 | |
| 3.196% 6/17/27 (b) | 2,580,000 | 2,467,487 | |
| 3.526% 3/24/28 (b) | 500,000 | 475,405 | |
| 3.55% 9/29/25 | 1,350,000 | 1,316,306 | |
| 3.584% 5/22/28 (b) | 600,000 | 570,368 | |
| 3.908% 4/25/26 (b) | 1,200,000 | 1,180,514 | |
| 4.1% 6/3/26 | 460,000 | 448,646 | |
| 4.54% 8/15/26 (b) | 2,000,000 | 1,976,153 | |
| 5.198% 1/23/30 (b) | 970,000 | 961,717 | |
| 5.574% 7/25/29 (b) | 600,000 | 603,392 | |
| Westpac Banking Corp.: | |||
| 2.85% 5/13/26 | 330,000 | 315,689 | |
| 2.894% 2/4/30 (b) | 630,000 | 615,792 | |
| 3.35% 3/8/27 | 360,000 | 344,475 | |
| 3.4% 1/25/28 | 1,110,000 | 1,051,036 | |
| 4.043% 8/26/27 | 560,000 | 544,799 | |
| 4.322% 11/23/31 (b) | 720,000 | 694,314 | |
| 5.05% 4/16/29 | 590,000 | 588,751 | |
| 5.457% 11/18/27 | 420,000 | 425,403 | |
| 5.535% 11/17/28 | 310,000 | 315,940 | |
| 206,179,622 | |||
| Capital Markets - 2.7% | |||
| Affiliated Managers Group, Inc. 3.5% 8/1/25 | 130,000 | 126,794 | |
| Ameriprise Financial, Inc. 3% 4/2/25 | 820,000 | 802,796 | |
| Ares Capital Corp.: | |||
| 2.15% 7/15/26 | 100,000 | 92,245 | |
| 2.875% 6/15/28 | 750,000 | 666,635 | |
| 3.25% 7/15/25 | 150,000 | 145,323 | |
| 3.875% 1/15/26 | 800,000 | 771,580 | |
| 5.875% 3/1/29 | 280,000 | 276,886 | |
| 5.95% 7/15/29 | 300,000 | 296,114 | |
| Bank of New York Mellon Corp.: | |||
| 0.75% 1/28/26 | 540,000 | 501,391 | |
| 4.414% 7/24/26 (b) | 2,000,000 | 1,976,396 | |
| 4.543% 2/1/29 (b) | 1,000,000 | 977,424 | |
| 4.975% 3/14/30 (b) | 300,000 | 296,882 | |
| 6.317% 10/25/29 (b) | 210,000 | 218,891 | |
| Bank of New York, New York 5.148% 5/22/26 (b) | 1,840,000 | 1,833,935 | |
| Blackstone Private Credit Fund: | |||
| 2.625% 12/15/26 | 470,000 | 429,267 | |
| 3.25% 3/15/27 | 360,000 | 332,125 | |
| 5.95% 7/16/29 (d) | 200,000 | 196,808 | |
| 7.3% 11/27/28 (d) | 230,000 | 239,736 | |
| Blue Owl Capital Corp.: | |||
| 2.875% 6/11/28 | 130,000 | 115,007 | |
| 5.95% 3/15/29 | 700,000 | 694,300 | |
| Brookfield Finance, Inc. 3.9% 1/25/28 | 660,000 | 630,348 | |
| Charles Schwab Corp.: | |||
| 0.9% 3/11/26 | 940,000 | 869,289 | |
| 2.45% 3/3/27 | 1,020,000 | 947,749 | |
| 3.85% 5/21/25 | 1,100,000 | 1,082,812 | |
| 5.643% 5/19/29 (b) | 490,000 | 494,636 | |
| 5.875% 8/24/26 | 1,000,000 | 1,011,250 | |
| 6.196% 11/17/29 (b) | 220,000 | 227,322 | |
| Credit Suisse AG: | |||
| 1.25% 8/7/26 | 430,000 | 392,670 | |
| 2.95% 4/9/25 | 1,500,000 | 1,465,876 | |
| 5% 7/9/27 | 520,000 | 514,095 | |
| 7.5% 2/15/28 | 1,430,000 | 1,527,665 | |
| Deutsche Bank AG 4.5% 4/1/25 | 500,000 | 493,446 | |
| Deutsche Bank AG New York Branch: | |||
| 1.686% 3/19/26 | 400,000 | 375,006 | |
| 2.129% 11/24/26 (b) | 1,400,000 | 1,325,759 | |
| 2.311% 11/16/27 (b) | 1,610,000 | 1,479,592 | |
| 2.552% 1/7/28 (b) | 390,000 | 359,650 | |
| 4.875% 12/1/32 (b) | 250,000 | 234,272 | |
| 6.119% 7/14/26 (b) | 170,000 | 170,201 | |
| 6.72% 1/18/29 (b) | 160,000 | 165,210 | |
| 6.819% 11/20/29 (b) | 1,000,000 | 1,038,047 | |
| GE Capital Funding LLC 3.45% 5/15/25 | 330,000 | 323,340 | |
| Goldman Sachs BDC, Inc. 6.375% 3/11/27 | 570,000 | 574,539 | |
| Goldman Sachs Group, Inc.: | |||
| 0.855% 2/12/26 (b) | 550,000 | 531,506 | |
| 1.093% 12/9/26 (b) | 1,400,000 | 1,306,857 | |
| 1.431% 3/9/27 (b) | 1,660,000 | 1,543,985 | |
| 1.948% 10/21/27 (b) | 3,320,000 | 3,052,905 | |
| 3.272% 9/29/25 (b) | 800,000 | 793,426 | |
| 3.615% 3/15/28 (b) | 890,000 | 848,769 | |
| 3.691% 6/5/28 (b) | 500,000 | 476,077 | |
| 3.75% 2/25/26 | 1,170,000 | 1,139,152 | |
| 3.814% 4/23/29 (b) | 1,020,000 | 963,270 | |
| 4.223% 5/1/29 (b) | 750,000 | 718,967 | |
| 4.25% 10/21/25 | 370,000 | 363,397 | |
| 4.482% 8/23/28 (b) | 1,640,000 | 1,598,155 | |
| 5.727% 4/25/30 (b) | 1,500,000 | 1,519,806 | |
| HPS Corporate Lending Fund 6.75% 1/30/29 (d) | 200,000 | 201,276 | |
| Intercontinental Exchange, Inc. 3.1% 9/15/27 | 1,060,000 | 993,822 | |
| Jefferies Financial Group, Inc.: | |||
| 4.85% 1/15/27 | 300,000 | 295,350 | |
| 5.875% 7/21/28 | 290,000 | 291,478 | |
| Lazard Group LLC 4.5% 9/19/28 | 250,000 | 241,491 | |
| LPL Holdings, Inc. 6.75% 11/17/28 | 590,000 | 616,992 | |
| Moody's Corp. 4.25% 2/1/29 | 250,000 | 242,024 | |
| Morgan Stanley: | |||
| 0.864% 10/21/25 (b) | 2,300,000 | 2,255,778 | |
| 0.985% 12/10/26 (b) | 1,600,000 | 1,491,164 | |
| 1.512% 7/20/27 (b) | 4,650,000 | 4,280,494 | |
| 1.593% 5/4/27 (b) | 3,080,000 | 2,856,896 | |
| 2.72% 7/22/25 (b) | 1,040,000 | 1,035,391 | |
| 3.591% 7/22/28 (b) | 1,350,000 | 1,280,720 | |
| 4.35% 9/8/26 | 120,000 | 117,391 | |
| 4.431% 1/23/30 (b) | 460,000 | 443,090 | |
| 5% 11/24/25 | 1,248,000 | 1,238,186 | |
| 5.123% 2/1/29 (b) | 1,500,000 | 1,490,101 | |
| 5.164% 4/20/29 (b) | 820,000 | 814,477 | |
| 5.656% 4/18/30 (b) | 1,600,000 | 1,620,942 | |
| 6.25% 8/9/26 | 140,000 | 142,663 | |
| NASDAQ, Inc.: | |||
| 3.85% 6/30/26 | 270,000 | 262,130 | |
| 5.35% 6/28/28 | 300,000 | 301,524 | |
| Nomura Holdings, Inc.: | |||
| 1.653% 7/14/26 | 1,160,000 | 1,068,355 | |
| 1.851% 7/16/25 | 1,000,000 | 957,027 | |
| 2.172% 7/14/28 | 410,000 | 359,618 | |
| 2.71% 1/22/29 | 200,000 | 176,654 | |
| 5.386% 7/6/27 | 240,000 | 239,781 | |
| 6.07% 7/12/28 | 400,000 | 408,230 | |
| Northern Trust Corp. 3.375% 5/8/32 (b) | 250,000 | 234,783 | |
| S&P Global, Inc.: | |||
| 2.45% 3/1/27 | 650,000 | 605,653 | |
| 2.7% 3/1/29 | 470,000 | 423,411 | |
| 4.75% 8/1/28 | 240,000 | 237,532 | |
| Sixth Street Specialty Lending, Inc.: | |||
| 6.125% 3/1/29 | 160,000 | 158,736 | |
| 6.95% 8/14/28 | 120,000 | 123,001 | |
| State Street Corp.: | |||
| 1.684% 11/18/27 (b) | 450,000 | 413,548 | |
| 4.857% 1/26/26 (b) | 1,000,000 | 994,314 | |
| 5.684% 11/21/29 (b) | 220,000 | 224,614 | |
| UBS Group AG 4.55% 4/17/26 | 920,000 | 904,536 | |
| 71,592,754 | |||
| Consumer Finance - 1.5% | |||
| AerCap Ireland Capital Ltd./AerCap Global Aviation Trust: | |||
| 1.75% 1/30/26 | 150,000 | 140,768 | |
| 2.45% 10/29/26 | 2,512,000 | 2,337,355 | |
| 3% 10/29/28 | 1,410,000 | 1,273,944 | |
| 3.65% 7/21/27 | 150,000 | 141,890 | |
| 4.45% 10/1/25 | 440,000 | 433,378 | |
| 5.1% 1/19/29 | 700,000 | 690,246 | |
| 5.75% 6/6/28 | 150,000 | 151,243 | |
| 6.45% 4/15/27 | 732,000 | 749,297 | |
| Ally Financial, Inc.: | |||
| 2.2% 11/2/28 | 870,000 | 750,184 | |
| 5.8% 5/1/25 | 1,900,000 | 1,898,714 | |
| 6.848% 1/3/30 (b) | 220,000 | 225,694 | |
| 6.992% 6/13/29 (b) | 270,000 | 279,040 | |
| American Express Co.: | |||
| 3.3% 5/3/27 | 540,000 | 513,377 | |
| 3.95% 8/1/25 | 1,500,000 | 1,474,767 | |
| 5.282% 7/27/29 (b) | 240,000 | 239,863 | |
| 5.85% 11/5/27 | 3,980,000 | 4,072,934 | |
| Capital One Financial Corp.: | |||
| 3.75% 7/28/26 | 340,000 | 327,893 | |
| 3.8% 1/31/28 | 130,000 | 123,212 | |
| 4.2% 10/29/25 | 640,000 | 627,128 | |
| 4.927% 5/10/28 (b) | 1,660,000 | 1,633,962 | |
| 5.468% 2/1/29 (b) | 2,030,000 | 2,013,689 | |
| Discover Financial Services: | |||
| 4.1% 2/9/27 | 1,340,000 | 1,287,729 | |
| 4.5% 1/30/26 | 100,000 | 98,083 | |
| Ford Motor Credit Co. LLC: | |||
| 4.95% 5/28/27 | 600,000 | 584,993 | |
| 5.8% 3/8/29 | 500,000 | 497,056 | |
| 6.798% 11/7/28 | 3,770,000 | 3,892,853 | |
| 6.8% 5/12/28 | 1,005,000 | 1,033,608 | |
| GE Capital International Funding Co. 3.373% 11/15/25 | 550,000 | 534,683 | |
| John Deere Capital Corp.: | |||
| 1.5% 3/6/28 | 1,380,000 | 1,216,545 | |
| 2.35% 3/8/27 | 1,260,000 | 1,173,800 | |
| 2.8% 9/8/27 | 1,000,000 | 934,038 | |
| 4.75% 1/20/28 | 1,400,000 | 1,391,178 | |
| 4.9% 3/3/28 | 300,000 | 299,499 | |
| 4.95% 7/14/28 | 600,000 | 599,033 | |
| Synchrony Financial: | |||
| 3.7% 8/4/26 | 220,000 | 208,963 | |
| 4.5% 7/23/25 | 448,000 | 439,662 | |
| Toyota Motor Credit Corp.: | |||
| 0.8% 10/16/25 | 560,000 | 527,382 | |
| 0.8% 1/9/26 | 1,120,000 | 1,044,660 | |
| 3% 4/1/25 | 860,000 | 843,006 | |
| 3.95% 6/30/25 | 1,500,000 | 1,479,238 | |
| 4.65% 1/5/29 | 230,000 | 226,198 | |
| 5.4% 11/10/25 | 1,500,000 | 1,503,139 | |
| 39,913,924 | |||
| Financial Services - 1.2% | |||
| AB Svensk Exportkredit 4.625% 11/28/25 | 3,000,000 | 2,974,960 | |
| Aon Corp. / Aon Global Holdings PLC 2.85% 5/28/27 | 220,000 | 205,900 | |
| Berkshire Hathaway, Inc. 3.125% 3/15/26 | 1,120,000 | 1,083,172 | |
| Blue Owl Credit Income Corp. 7.75% 1/15/29 | 700,000 | 727,619 | |
| BP Capital Markets America, Inc.: | |||
| 3.017% 1/16/27 | 1,060,000 | 1,007,293 | |
| 3.41% 2/11/26 | 790,000 | 766,273 | |
| CNH Industrial Capital LLC: | |||
| 5.1% 4/20/29 | 230,000 | 228,178 | |
| 5.5% 1/12/29 | 660,000 | 664,824 | |
| Corebridge Financial, Inc.: | |||
| 3.65% 4/5/27 | 540,000 | 515,671 | |
| 6.875% 12/15/52 (b) | 540,000 | 543,385 | |
| Equitable Holdings, Inc.: | |||
| 4.35% 4/20/28 | 290,000 | 278,402 | |
| 7% 4/1/28 | 340,000 | 359,563 | |
| Fidelity National Information Services, Inc.: | |||
| 1.15% 3/1/26 | 609,000 | 565,082 | |
| 1.65% 3/1/28 | 500,000 | 438,846 | |
| Fiserv, Inc.: | |||
| 3.2% 7/1/26 | 280,000 | 268,107 | |
| 3.85% 6/1/25 | 100,000 | 98,200 | |
| 5.375% 8/21/28 | 890,000 | 891,454 | |
| Global Payments, Inc.: | |||
| 1.2% 3/1/26 | 1,157,000 | 1,072,414 | |
| 2.15% 1/15/27 | 200,000 | 184,424 | |
| 4.95% 8/15/27 | 160,000 | 157,889 | |
| Jackson Financial, Inc. 5.17% 6/8/27 | 180,000 | 178,091 | |
| Jbs U.S.A. Holding Lux/ Jbs U.S.A. F 5.125% 2/1/28 | 590,000 | 579,836 | |
| KfW: | |||
| 0.375% 7/18/25 | 1,650,000 | 1,565,415 | |
| 2.5% 11/20/24 | 1,590,000 | 1,569,033 | |
| 3% 5/20/27 | 5,800,000 | 5,517,999 | |
| MasterCard, Inc. 3.3% 3/26/27 | 800,000 | 766,139 | |
| Morgan Stanley Direct Lending Fund 6.15% 5/17/29 (d) | 1,000,000 | 988,988 | |
| National Rural Utilities Cooperative Finance Corp.: | |||
| 3.9% 11/1/28 | 240,000 | 227,822 | |
| 4.45% 3/13/26 | 1,500,000 | 1,480,372 | |
| 4.85% 2/7/29 | 690,000 | 682,491 | |
| PayPal Holdings, Inc.: | |||
| 1.65% 6/1/25 | 1,300,000 | 1,251,848 | |
| 3.9% 6/1/27 | 170,000 | 164,554 | |
| Rexford Industrial Realty LP 5% 6/15/28 | 110,000 | 108,437 | |
| Sixth Street Lending Partners 6.5% 3/11/29 (d) | 220,000 | 219,772 | |
| The Western Union Co. 1.35% 3/15/26 | 330,000 | 305,716 | |
| Visa, Inc.: | |||
| 0.75% 8/15/27 | 600,000 | 529,341 | |
| 2.75% 9/15/27 | 340,000 | 318,328 | |
| 3.15% 12/14/25 | 2,600,000 | 2,524,954 | |
| Voya Financial, Inc.: | |||
| 3.65% 6/15/26 | 140,000 | 134,868 | |
| 4.7% 1/23/48 (b) | 130,000 | 111,112 | |
| 32,256,772 | |||
| Insurance - 0.3% | |||
| AFLAC, Inc. 2.875% 10/15/26 | 230,000 | 217,976 | |
| Allstate Corp.: | |||
| CME Term SOFR 3 Month Index + 3.190% 8.522% 8/15/53 (b)(c) | 320,000 | 320,927 | |
| 0.75% 12/15/25 | 590,000 | 549,105 | |
| American International Group, Inc. 5.75% 4/1/48 (b) | 280,000 | 274,542 | |
| Aon Corp. 8.205% 1/1/27 | 230,000 | 244,230 | |
| Aon PLC 3.875% 12/15/25 | 570,000 | 556,021 | |
| Assurant, Inc. 4.9% 3/27/28 | 110,000 | 107,214 | |
| Athene Holding Ltd. 4.125% 1/12/28 | 320,000 | 307,816 | |
| Brighthouse Financial, Inc. 3.7% 6/22/27 | 300,000 | 284,144 | |
| Chubb INA Holdings, Inc. 3.35% 5/3/26 | 620,000 | 598,790 | |
| CNA Financial Corp. 4.5% 3/1/26 | 510,000 | 501,105 | |
| Fairfax Financial Holdings Ltd. 4.85% 4/17/28 | 300,000 | 293,774 | |
| Manulife Financial Corp.: | |||
| ICE USD Swap Rate 11am NY 5Y + 1.640% 4.061% 2/24/32 (b)(c) | 230,000 | 219,919 | |
| 2.484% 5/19/27 | 520,000 | 483,928 | |
| Progressive Corp. 2.5% 3/15/27 | 800,000 | 746,586 | |
| Prudential Financial, Inc.: | |||
| 1.5% 3/10/26 | 160,000 | 149,795 | |
| 4.5% 9/15/47 (b) | 600,000 | 565,159 | |
| Trinity Acquisition PLC 4.4% 3/15/26 | 470,000 | 459,542 | |
| Willis Group North America, Inc. 4.65% 6/15/27 | 300,000 | 293,711 | |
| 7,174,284 | |||
TOTAL FINANCIALS | 357,117,356 | ||
| HEALTH CARE - 2.2% | |||
| Biotechnology - 0.3% | |||
| AbbVie, Inc.: | |||
| 2.95% 11/21/26 | 1,830,000 | 1,738,175 | |
| 3.2% 5/14/26 | 100,000 | 96,346 | |
| 4.8% 3/15/29 | 2,030,000 | 2,010,460 | |
| Amgen, Inc.: | |||
| 3.2% 11/2/27 | 1,460,000 | 1,372,215 | |
| 5.15% 3/2/28 | 1,720,000 | 1,715,388 | |
| Gilead Sciences, Inc.: | |||
| 2.95% 3/1/27 | 110,000 | 104,173 | |
| 3.65% 3/1/26 | 210,000 | 204,118 | |
| 7,240,875 | |||
| Health Care Equipment & Supplies - 0.3% | |||
| Abbott Laboratories: | |||
| 1.15% 1/30/28 | 620,000 | 546,294 | |
| 3.875% 9/15/25 | 670,000 | 659,735 | |
| Baxter International, Inc. 1.915% 2/1/27 | 1,540,000 | 1,405,743 | |
| Becton, Dickinson & Co. 3.7% 6/6/27 | 610,000 | 584,056 | |
| GE Healthcare Technologies, Inc. 5.65% 11/15/27 | 890,000 | 900,645 | |
| Medtronic Global Holdings SCA 4.25% 3/30/28 | 290,000 | 282,423 | |
| Stryker Corp. 1.15% 6/15/25 | 1,090,000 | 1,042,840 | |
| Zimmer Biomet Holdings, Inc.: | |||
| 3.05% 1/15/26 | 250,000 | 240,491 | |
| 3.55% 4/1/25 | 870,000 | 854,715 | |
| 5.35% 12/1/28 | 220,000 | 221,399 | |
| 6,738,341 | |||
| Health Care Providers & Services - 0.8% | |||
| Cardinal Health, Inc.: | |||
| 3.41% 6/15/27 | 730,000 | 693,091 | |
| 5.125% 2/15/29 | 130,000 | 129,100 | |
| Cencora, Inc. 3.45% 12/15/27 | 150,000 | 141,518 | |
| Centene Corp. 4.25% 12/15/27 | 1,890,000 | 1,798,507 | |
| Cigna Group: | |||
| 1.25% 3/15/26 | 1,280,000 | 1,190,644 | |
| 3.25% 4/15/25 | 800,000 | 784,314 | |
| 4.375% 10/15/28 | 910,000 | 879,501 | |
| 4.5% 2/25/26 | 130,000 | 128,127 | |
| 5% 5/15/29 | 470,000 | 465,680 | |
| CVS Health Corp.: | |||
| 1.3% 8/21/27 | 2,020,000 | 1,781,506 | |
| 2.875% 6/1/26 | 530,000 | 503,777 | |
| 3% 8/15/26 | 560,000 | 531,741 | |
| 4.3% 3/25/28 | 2,060,000 | 1,985,355 | |
| Elevance Health, Inc. 3.65% 12/1/27 | 460,000 | 437,701 | |
| HCA Holdings, Inc.: | |||
| 4.5% 2/15/27 | 820,000 | 800,272 | |
| 5.25% 4/15/25 | 700,000 | 696,982 | |
| 5.25% 6/15/26 | 1,730,000 | 1,720,131 | |
| 5.375% 9/1/26 | 260,000 | 259,022 | |
| Humana, Inc. 1.35% 2/3/27 | 1,115,000 | 1,005,527 | |
| ICON Investments Six Designated Activity 5.849% 5/8/29 | 245,000 | 248,072 | |
| Laboratory Corp. of America Holdings 3.6% 9/1/27 | 800,000 | 761,984 | |
| McKesson Corp. 1.3% 8/15/26 | 640,000 | 587,897 | |
| Sabra Health Care LP 5.125% 8/15/26 | 210,000 | 206,020 | |
| UnitedHealth Group, Inc.: | |||
| 1.15% 5/15/26 | 886,000 | 820,667 | |
| 3.875% 12/15/28 | 300,000 | 286,536 | |
| 4.25% 1/15/29 | 570,000 | 551,785 | |
| 5.25% 2/15/28 | 1,250,000 | 1,262,488 | |
| Universal Health Services, Inc. 1.65% 9/1/26 | 270,000 | 246,330 | |
| 20,904,275 | |||
| Life Sciences Tools & Services - 0.0% | |||
| Thermo Fisher Scientific, Inc.: | |||
| 1.75% 10/15/28 | 130,000 | 114,089 | |
| 4.8% 11/21/27 | 740,000 | 736,171 | |
| 5% 12/5/26 | 330,000 | 329,475 | |
| 1,179,735 | |||
| Pharmaceuticals - 0.8% | |||
| AstraZeneca Finance LLC: | |||
| 1.2% 5/28/26 | 2,000,000 | 1,850,256 | |
| 4.875% 3/3/28 | 590,000 | 587,191 | |
| AstraZeneca PLC 3.125% 6/12/27 | 410,000 | 388,434 | |
| Bristol-Myers Squibb Co.: | |||
| 0.75% 11/13/25 | 1,100,000 | 1,031,365 | |
| 3.2% 6/15/26 | 296,000 | 284,864 | |
| 4.9% 2/22/29 | 1,700,000 | 1,689,493 | |
| GlaxoSmithKline Capital, Inc. 3.625% 5/15/25 | 1,000,000 | 983,879 | |
| Haleon U.S. Capital LLC 3.375% 3/24/27 | 1,230,000 | 1,170,695 | |
| Johnson & Johnson: | |||
| 0.55% 9/1/25 | 1,000,000 | 945,994 | |
| 0.95% 9/1/27 | 580,000 | 514,273 | |
| 2.45% 3/1/26 | 640,000 | 612,800 | |
| 2.9% 1/15/28 | 1,120,000 | 1,054,101 | |
| Merck & Co., Inc.: | |||
| 1.7% 6/10/27 | 2,000,000 | 1,820,424 | |
| 1.9% 12/10/28 | 250,000 | 220,581 | |
| Novartis Capital Corp.: | |||
| 2% 2/14/27 | 580,000 | 539,290 | |
| 3% 11/20/25 | 1,010,000 | 981,540 | |
| 3.1% 5/17/27 | 120,000 | 114,648 | |
| Pfizer Investment Enterprises 4.45% 5/19/28 | 2,300,000 | 2,250,794 | |
| Pfizer, Inc.: | |||
| 2.75% 6/3/26 | 620,000 | 593,217 | |
| 3% 12/15/26 | 110,000 | 104,934 | |
| 3.6% 9/15/28 | 410,000 | 391,555 | |
| Shire Acquisitions Investments Ireland DAC 3.2% 9/23/26 | 480,000 | 458,172 | |
| Utah Acquisition Sub, Inc. 3.95% 6/15/26 | 1,260,000 | 1,215,530 | |
| Viatris, Inc.: | |||
| 1.65% 6/22/25 | 240,000 | 229,707 | |
| 2.3% 6/22/27 | 390,000 | 354,019 | |
| Zoetis, Inc.: | |||
| 3% 9/12/27 | 480,000 | 448,594 | |
| 3.9% 8/20/28 | 1,050,000 | 999,673 | |
| 21,836,023 | |||
TOTAL HEALTH CARE | 57,899,249 | ||
| INDUSTRIALS - 1.7% | |||
| Aerospace & Defense - 0.6% | |||
| General Dynamics Corp.: | |||
| 2.125% 8/15/26 | 180,000 | 168,809 | |
| 2.625% 11/15/27 | 500,000 | 463,456 | |
| 3.25% 4/1/25 | 120,000 | 117,869 | |
| 3.5% 5/15/25 | 820,000 | 805,815 | |
| Howmet Aerospace, Inc. 3% 1/15/29 | 500,000 | 450,796 | |
| Huntington Ingalls Industries, Inc.: | |||
| 2.043% 8/16/28 | 750,000 | 654,888 | |
| 3.844% 5/1/25 | 210,000 | 206,494 | |
| L3Harris Technologies, Inc.: | |||
| 4.4% 6/15/28 | 720,000 | 696,614 | |
| 5.4% 1/15/27 | 800,000 | 802,368 | |
| Lockheed Martin Corp.: | |||
| 3.55% 1/15/26 | 376,000 | 366,455 | |
| 5.1% 11/15/27 | 350,000 | 351,771 | |
| Northrop Grumman Corp.: | |||
| 3.2% 2/1/27 | 600,000 | 571,824 | |
| 4.6% 2/1/29 | 190,000 | 185,987 | |
| RTX Corp.: | |||
| 3.5% 3/15/27 | 1,010,000 | 967,107 | |
| 3.95% 8/16/25 | 1,320,000 | 1,296,579 | |
| 5.75% 1/15/29 | 1,000,000 | 1,025,891 | |
| The Boeing Co.: | |||
| 2.196% 2/4/26 | 2,740,000 | 2,571,569 | |
| 2.75% 2/1/26 | 350,000 | 331,220 | |
| 3.1% 5/1/26 | 100,000 | 94,772 | |
| 3.2% 3/1/29 | 280,000 | 246,082 | |
| 3.25% 2/1/28 | 800,000 | 728,951 | |
| 4.875% 5/1/25 | 1,790,000 | 1,770,871 | |
| 14,876,188 | |||
| Air Freight & Logistics - 0.1% | |||
| FedEx Corp.: | |||
| 3.25% 4/1/26 | 310,000 | 299,709 | |
| 3.4% 2/15/28 | 100,000 | 94,362 | |
| United Parcel Service, Inc.: | |||
| 2.4% 11/15/26 | 210,000 | 197,354 | |
| 3.05% 11/15/27 | 530,000 | 497,624 | |
| 3.9% 4/1/25 | 420,000 | 414,678 | |
| 1,503,727 | |||
| Building Products - 0.0% | |||
| Carrier Global Corp.: | |||
| 2.493% 2/15/27 | 540,000 | 502,733 | |
| 5.8% 11/30/25 | 300,000 | 301,354 | |
| Owens Corning 3.4% 8/15/26 | 260,000 | 248,623 | |
| 1,052,710 | |||
| Commercial Services & Supplies - 0.1% | |||
| Republic Services, Inc.: | |||
| 2.9% 7/1/26 | 530,000 | 507,695 | |
| 3.95% 5/15/28 | 300,000 | 287,753 | |
| Waste Management, Inc.: | |||
| 0.75% 11/15/25 | 290,000 | 271,834 | |
| 4.875% 2/15/29 | 410,000 | 408,304 | |
| 1,475,586 | |||
| Electrical Equipment - 0.1% | |||
| Emerson Electric Co. 2% 12/21/28 | 600,000 | 529,357 | |
| Hubbell, Inc.: | |||
| 3.15% 8/15/27 | 260,000 | 244,369 | |
| 3.35% 3/1/26 | 110,000 | 106,227 | |
| Regal Rexnord Corp. 6.05% 2/15/26 | 950,000 | 952,592 | |
| 1,832,545 | |||
| Ground Transportation - 0.2% | |||
| Burlington Northern Santa Fe LLC 3.25% 6/15/27 | 100,000 | 95,349 | |
| Canadian National Railway Co.: | |||
| 2.75% 3/1/26 | 100,000 | 96,110 | |
| yankee 6.9% 7/15/28 | 190,000 | 202,994 | |
| Canadian Pacific Railway Co. 1.75% 12/2/26 | 1,133,000 | 1,040,288 | |
| CSX Corp.: | |||
| 3.25% 6/1/27 | 340,000 | 322,740 | |
| 3.35% 11/1/25 | 760,000 | 739,132 | |
| 4.25% 3/15/29 | 290,000 | 280,962 | |
| Norfolk Southern Corp.: | |||
| 2.9% 6/15/26 | 490,000 | 468,033 | |
| 7.8% 5/15/27 | 320,000 | 343,151 | |
| Union Pacific Corp.: | |||
| 2.15% 2/5/27 | 100,000 | 92,858 | |
| 2.75% 3/1/26 | 740,000 | 709,591 | |
| 3.75% 7/15/25 | 120,000 | 117,930 | |
| 6.625% 2/1/29 | 420,000 | 449,092 | |
| 4,958,230 | |||
| Industrial Conglomerates - 0.1% | |||
| 3M Co.: | |||
| 2.25% 9/19/26 | 250,000 | 233,558 | |
| 2.65% 4/15/25 | 55,000 | 53,619 | |
| 2.875% 10/15/27 | 410,000 | 380,825 | |
| 3% 8/7/25 | 350,000 | 340,255 | |
| 3.625% 9/14/28 | 460,000 | 432,625 | |
| Honeywell International, Inc.: | |||
| 1.1% 3/1/27 | 330,000 | 298,279 | |
| 1.35% 6/1/25 | 1,100,000 | 1,057,340 | |
| 2.5% 11/1/26 | 410,000 | 386,914 | |
| 4.95% 2/15/28 | 350,000 | 351,792 | |
| Trane Technologies Financing Ltd. 3.5% 3/21/26 | 530,000 | 512,882 | |
| 4,048,089 | |||
| Machinery - 0.3% | |||
| Caterpillar Financial Services Corp.: | |||
| 1.1% 9/14/27 | 680,000 | 603,041 | |
| 1.15% 9/14/26 | 420,000 | 384,636 | |
| 1.45% 5/15/25 | 1,120,000 | 1,080,136 | |
| 1.7% 1/8/27 | 370,000 | 340,517 | |
| 4.85% 2/27/29 | 440,000 | 438,539 | |
| Deere & Co. 2.75% 4/15/25 | 460,000 | 449,861 | |
| Eaton Corp. 4.35% 5/18/28 | 390,000 | 381,228 | |
| Ingersoll Rand, Inc. 5.4% 8/14/28 | 470,000 | 473,696 | |
| Otis Worldwide Corp. 2.056% 4/5/25 | 550,000 | 534,165 | |
| Parker Hannifin Corp. 4.25% 9/15/27 | 800,000 | 777,687 | |
| Stanley Black & Decker, Inc.: | |||
| 3.4% 3/1/26 | 610,000 | 589,077 | |
| 6% 3/6/28 | 1,310,000 | 1,348,668 | |
| Westinghouse Air Brake Tech Co.: | |||
| 3.2% 6/15/25 | 410,000 | 399,616 | |
| 3.45% 11/15/26 | 280,000 | 266,982 | |
| 4.7% 9/15/28 | 660,000 | 645,493 | |
| 8,713,342 | |||
| Passenger Airlines - 0.1% | |||
| Southwest Airlines Co.: | |||
| 5.125% 6/15/27 | 870,000 | 864,489 | |
| 5.25% 5/4/25 | 980,000 | 976,154 | |
| United Airlines 2020-1 Class B Pass Through Trust 4.875% 7/15/27 | 161,280 | 158,449 | |
| 1,999,092 | |||
| Professional Services - 0.0% | |||
| Automatic Data Processing, Inc. 3.375% 9/15/25 | 420,000 | 411,162 | |
| Leidos, Inc. 3.625% 5/15/25 | 210,000 | 206,112 | |
| Thomson Reuters Corp. 3.35% 5/15/26 | 260,000 | 249,895 | |
| 867,169 | |||
| Trading Companies & Distributors - 0.1% | |||
| Air Lease Corp.: | |||
| 2.1% 9/1/28 | 530,000 | 462,746 | |
| 2.2% 1/15/27 | 280,000 | 257,544 | |
| 3.375% 7/1/25 | 2,230,000 | 2,175,434 | |
| 3.625% 4/1/27 | 180,000 | 169,711 | |
| 3.625% 12/1/27 | 570,000 | 537,418 | |
| GATX Corp. 4.55% 11/7/28 | 290,000 | 282,212 | |
| 3,885,065 | |||
TOTAL INDUSTRIALS | 45,211,743 | ||
| INFORMATION TECHNOLOGY - 2.2% | |||
| Communications Equipment - 0.1% | |||
| Cisco Systems, Inc.: | |||
| 2.95% 2/28/26 | 670,000 | 645,687 | |
| 4.8% 2/26/27 | 1,250,000 | 1,246,204 | |
| 4.85% 2/26/29 | 800,000 | 797,536 | |
| Motorola Solutions, Inc. 5% 4/15/29 | 210,000 | 207,436 | |
| 2,896,863 | |||
| Electronic Equipment, Instruments & Components - 0.2% | |||
| Amphenol Corp. 5.05% 4/5/29 | 300,000 | 299,148 | |
| Dell International LLC/EMC Corp.: | |||
| 5.85% 7/15/25 | 2,110,000 | 2,116,606 | |
| 6.02% 6/15/26 | 450,000 | 454,053 | |
| 6.1% 7/15/27 | 480,000 | 491,503 | |
| Flex Ltd.: | |||
| 3.75% 2/1/26 | 280,000 | 270,979 | |
| 4.75% 6/15/25 | 100,000 | 98,982 | |
| Teledyne Technologies, Inc.: | |||
| 1.6% 4/1/26 | 180,000 | 167,745 | |
| 2.25% 4/1/28 | 290,000 | 258,612 | |
| Tyco Electronics Group SA 4.5% 2/13/26 | 510,000 | 503,322 | |
| Vontier Corp.: | |||
| 1.8% 4/1/26 | 210,000 | 194,942 | |
| 2.4% 4/1/28 | 120,000 | 105,205 | |
| 4,961,097 | |||
| IT Services - 0.2% | |||
| CDW LLC/CDW Finance Corp.: | |||
| 2.67% 12/1/26 | 360,000 | 334,704 | |
| 3.276% 12/1/28 | 440,000 | 396,083 | |
| 4.125% 5/1/25 | 250,000 | 245,464 | |
| 4.25% 4/1/28 | 430,000 | 408,237 | |
| IBM Corp.: | |||
| 1.7% 5/15/27 | 1,110,000 | 1,009,015 | |
| 3.45% 2/19/26 | 1,290,000 | 1,252,408 | |
| 4.15% 7/27/27 | 570,000 | 555,503 | |
| 4.5% 2/6/28 | 430,000 | 422,136 | |
| IBM International Capital 4.6% 2/5/29 | 510,000 | 498,305 | |
| 5,121,855 | |||
| Semiconductors & Semiconductor Equipment - 0.6% | |||
| Analog Devices, Inc.: | |||
| 2.95% 4/1/25 | 570,000 | 558,173 | |
| 3.45% 6/15/27 | 370,000 | 353,707 | |
| Applied Materials, Inc. 3.3% 4/1/27 | 630,000 | 604,311 | |
| Broadcom Corp./Broadcom Cayman LP 3.875% 1/15/27 | 450,000 | 434,502 | |
| Broadcom, Inc.: | |||
| 3.15% 11/15/25 | 1,846,000 | 1,784,938 | |
| 3.459% 9/15/26 | 691,000 | 663,336 | |
| 4% 4/15/29 (d) | 260,000 | 245,957 | |
| 4.11% 9/15/28 | 670,000 | 642,342 | |
| 4.75% 4/15/29 | 230,000 | 225,698 | |
| Intel Corp.: | |||
| 2.6% 5/19/26 | 100,000 | 95,171 | |
| 3.7% 7/29/25 | 450,000 | 441,514 | |
| 3.75% 3/25/27 | 350,000 | 337,869 | |
| 3.75% 8/5/27 | 1,440,000 | 1,384,744 | |
| 4.875% 2/10/28 | 150,000 | 148,904 | |
| Lam Research Corp. 4% 3/15/29 | 830,000 | 794,973 | |
| Marvell Technology, Inc.: | |||
| 1.65% 4/15/26 | 270,000 | 251,852 | |
| 2.45% 4/15/28 | 140,000 | 125,800 | |
| 4.875% 6/22/28 | 490,000 | 480,322 | |
| Microchip Technology, Inc.: | |||
| 4.25% 9/1/25 | 600,000 | 590,503 | |
| 5.05% 3/15/29 | 230,000 | 227,982 | |
| Micron Technology, Inc.: | |||
| 4.185% 2/15/27 | 640,000 | 621,415 | |
| 4.975% 2/6/26 | 210,000 | 208,272 | |
| 5.375% 4/15/28 | 350,000 | 351,286 | |
| NVIDIA Corp. 3.2% 9/16/26 | 860,000 | 830,356 | |
| NXP BV/NXP Funding LLC 5.55% 12/1/28 | 140,000 | 141,070 | |
| NXP BV/NXP Funding LLC/NXP U.S.A., Inc.: | |||
| 2.7% 5/1/25 | 960,000 | 934,022 | |
| 3.875% 6/18/26 | 170,000 | 164,975 | |
| 4.4% 6/1/27 | 290,000 | 282,393 | |
| Qualcomm, Inc.: | |||
| 1.3% 5/20/28 | 240,000 | 209,323 | |
| 3.25% 5/20/27 | 1,050,000 | 1,005,345 | |
| Texas Instruments, Inc. 4.6% 2/15/28 | 730,000 | 723,513 | |
| 15,864,568 | |||
| Software - 0.5% | |||
| Adobe, Inc. 4.8% 4/4/29 | 300,000 | 299,401 | |
| Fortinet, Inc. 1% 3/15/26 | 210,000 | 193,638 | |
| Microsoft Corp.: | |||
| 2.4% 8/8/26 | 1,270,000 | 1,203,477 | |
| 3.125% 11/3/25 | 620,000 | 603,448 | |
| 3.3% 2/6/27 | 310,000 | 298,366 | |
| 3.4% 9/15/26 (d) | 350,000 | 337,761 | |
| Oracle Corp.: | |||
| 1.65% 3/25/26 | 2,766,000 | 2,587,748 | |
| 2.3% 3/25/28 | 610,000 | 548,829 | |
| 2.5% 4/1/25 | 1,700,000 | 1,656,128 | |
| 2.65% 7/15/26 | 840,000 | 793,235 | |
| 2.8% 4/1/27 | 440,000 | 411,858 | |
| 5.8% 11/10/25 | 1,250,000 | 1,256,472 | |
| Roper Technologies, Inc.: | |||
| 1% 9/15/25 | 518,000 | 489,159 | |
| 3.8% 12/15/26 | 280,000 | 270,069 | |
| Salesforce, Inc. 1.5% 7/15/28 | 1,560,000 | 1,364,615 | |
| VMware, Inc.: | |||
| 1.4% 8/15/26 | 1,177,000 | 1,077,917 | |
| 3.9% 8/21/27 | 440,000 | 420,511 | |
| 4.5% 5/15/25 | 100,000 | 98,970 | |
| 4.65% 5/15/27 | 220,000 | 215,780 | |
| 14,127,382 | |||
| Technology Hardware, Storage & Peripherals - 0.6% | |||
| Apple, Inc.: | |||
| 0.55% 8/20/25 | 1,100,000 | 1,041,943 | |
| 0.7% 2/8/26 | 1,100,000 | 1,023,678 | |
| 1.125% 5/11/25 | 1,500,000 | 1,442,400 | |
| 1.4% 8/5/28 | 940,000 | 821,989 | |
| 2.45% 8/4/26 | 100,000 | 94,787 | |
| 2.9% 9/12/27 | 460,000 | 433,468 | |
| 3% 6/20/27 | 640,000 | 607,248 | |
| 3% 11/13/27 | 260,000 | 245,988 | |
| 3.25% 2/23/26 | 1,530,000 | 1,485,654 | |
| 4% 5/10/28 | 4,650,000 | 4,540,117 | |
| Hewlett Packard Enterprise Co.: | |||
| 4.9% 10/15/25 (b) | 1,310,000 | 1,300,034 | |
| 5.25% 7/1/28 | 200,000 | 201,336 | |
| HP, Inc.: | |||
| 1.45% 6/17/26 | 1,000,000 | 922,583 | |
| 3% 6/17/27 | 350,000 | 327,934 | |
| 14,489,159 | |||
TOTAL INFORMATION TECHNOLOGY | 57,460,924 | ||
| MATERIALS - 0.4% | |||
| Chemicals - 0.2% | |||
| Air Products & Chemicals, Inc. 4.6% 2/8/29 | 330,000 | 325,629 | |
| Albemarle Corp. 4.65% 6/1/27 | 220,000 | 215,356 | |
| Celanese U.S. Holdings LLC 6.165% 7/15/27 | 1,380,000 | 1,398,782 | |
| DuPont de Nemours, Inc. 4.725% 11/15/28 | 420,000 | 417,785 | |
| Ecolab, Inc. 5.25% 1/15/28 | 570,000 | 574,743 | |
| International Flavors & Fragrances, Inc. 4.45% 9/26/28 | 110,000 | 105,601 | |
| LYB International Finance III LLC 1.25% 10/1/25 | 800,000 | 754,383 | |
| Nutrien Ltd. 4.9% 3/27/28 | 620,000 | 612,796 | |
| PPG Industries, Inc. 1.2% 3/15/26 | 330,000 | 306,227 | |
| RPM International, Inc. 4.55% 3/1/29 | 140,000 | 134,914 | |
| Sherwin-Williams Co. 3.45% 6/1/27 | 700,000 | 666,828 | |
| The Dow Chemical Co. 4.8% 11/30/28 | 190,000 | 187,967 | |
| 5,701,011 | |||
| Containers & Packaging - 0.1% | |||
| Amcor Group Finance 5.45% 5/23/29 | 400,000 | 400,413 | |
| Avery Dennison Corp. 4.875% 12/6/28 | 230,000 | 226,571 | |
| Berry Global, Inc.: | |||
| 1.57% 1/15/26 | 280,000 | 262,210 | |
| 1.65% 1/15/27 | 120,000 | 108,865 | |
| WRKCo, Inc.: | |||
| 3.75% 3/15/25 | 400,000 | 393,709 | |
| 3.9% 6/1/28 | 430,000 | 407,953 | |
| 4.65% 3/15/26 | 340,000 | 334,724 | |
| 2,134,445 | |||
| Metals & Mining - 0.1% | |||
| ArcelorMittal SA 6.55% 11/29/27 | 460,000 | 475,282 | |
| BHP Billiton Financial (U.S.A.) Ltd.: | |||
| 4.75% 2/28/28 | 440,000 | 435,339 | |
| 4.875% 2/27/26 | 320,000 | 317,731 | |
| 5.1% 9/8/28 | 470,000 | 470,569 | |
| Freeport-McMoRan, Inc. 4.125% 3/1/28 | 590,000 | 563,875 | |
| Nucor Corp.: | |||
| 2% 6/1/25 | 240,000 | 231,929 | |
| 3.95% 5/23/25 | 440,000 | 433,627 | |
| Southern Copper Corp. 3.875% 4/23/25 | 240,000 | 235,875 | |
| Vale Overseas Ltd. 6.25% 8/10/26 | 640,000 | 650,400 | |
| 3,814,627 | |||
TOTAL MATERIALS | 11,650,083 | ||
| REAL ESTATE - 1.2% | |||
| Equity Real Estate Investment Trusts (REITs) - 1.1% | |||
| Agree LP 2% 6/15/28 | 120,000 | 105,093 | |
| Alexandria Real Estate Equities, Inc.: | |||
| 3.45% 4/30/25 | 520,000 | 509,432 | |
| 3.95% 1/15/28 | 140,000 | 133,789 | |
| American Homes 4 Rent LP 4.9% 2/15/29 | 220,000 | 213,997 | |
| American Tower Corp.: | |||
| 1.3% 9/15/25 | 677,000 | 641,157 | |
| 1.6% 4/15/26 | 880,000 | 819,225 | |
| 2.75% 1/15/27 | 130,000 | 121,951 | |
| 3.65% 3/15/27 | 690,000 | 660,123 | |
| 4.4% 2/15/26 | 290,000 | 284,597 | |
| 5.25% 7/15/28 | 2,210,000 | 2,201,966 | |
| 5.8% 11/15/28 | 100,000 | 101,689 | |
| AvalonBay Communities, Inc.: | |||
| 1.9% 12/1/28 | 90,000 | 78,633 | |
| 2.95% 5/11/26 | 430,000 | 411,003 | |
| 3.45% 6/1/25 | 620,000 | 607,774 | |
| Boston Properties, Inc.: | |||
| 2.75% 10/1/26 | 1,390,000 | 1,295,726 | |
| 3.65% 2/1/26 | 320,000 | 308,107 | |
| Brixmor Operating Partnership LP: | |||
| 3.9% 3/15/27 | 170,000 | 162,483 | |
| 4.125% 6/15/26 | 500,000 | 485,244 | |
| Corporate Office Properties LP 2% 1/15/29 | 300,000 | 253,757 | |
| Crown Castle, Inc.: | |||
| 1.05% 7/15/26 | 250,000 | 227,813 | |
| 1.35% 7/15/25 | 439,000 | 418,380 | |
| 2.9% 3/15/27 | 560,000 | 523,723 | |
| 3.65% 9/1/27 | 370,000 | 350,879 | |
| 3.7% 6/15/26 | 480,000 | 463,142 | |
| 3.8% 2/15/28 | 870,000 | 820,769 | |
| 4.45% 2/15/26 | 260,000 | 255,290 | |
| EPR Properties: | |||
| 4.5% 6/1/27 | 500,000 | 476,133 | |
| 4.95% 4/15/28 | 260,000 | 248,262 | |
| Equinix, Inc. 1.45% 5/15/26 | 491,000 | 453,939 | |
| ERP Operating LP 2.85% 11/1/26 | 610,000 | 576,672 | |
| Federal Realty OP LP 1.25% 2/15/26 | 290,000 | 269,704 | |
| Healthcare Realty Holdings LP 3.5% 8/1/26 | 240,000 | 228,407 | |
| Healthpeak OP, LLC: | |||
| 1.35% 2/1/27 | 540,000 | 487,654 | |
| 2.125% 12/1/28 | 160,000 | 140,481 | |
| Kilroy Realty LP 4.375% 10/1/25 | 300,000 | 293,473 | |
| NNN (REIT), Inc.: | |||
| 3.5% 10/15/27 | 260,000 | 245,085 | |
| 4% 11/15/25 | 240,000 | 234,612 | |
| Omega Healthcare Investors, Inc. 5.25% 1/15/26 | 910,000 | 900,077 | |
| Prologis LP: | |||
| 4.375% 2/1/29 | 550,000 | 534,714 | |
| 4.875% 6/15/28 | 500,000 | 496,146 | |
| Public Storage 1.95% 11/9/28 | 1,250,000 | 1,096,245 | |
| Realty Income Corp.: | |||
| 4.625% 11/1/25 | 1,380,000 | 1,363,673 | |
| 4.7% 12/15/28 | 730,000 | 711,571 | |
| 4.875% 6/1/26 | 340,000 | 336,723 | |
| 5.05% 1/13/26 | 500,000 | 496,495 | |
| Regency Centers LP 4.125% 3/15/28 | 280,000 | 268,537 | |
| Simon Property Group LP: | |||
| 1.75% 2/1/28 | 260,000 | 230,600 | |
| 3.25% 11/30/26 | 380,000 | 362,588 | |
| 3.3% 1/15/26 | 800,000 | 774,033 | |
| 3.375% 6/15/27 | 100,000 | 95,150 | |
| 3.5% 9/1/25 | 360,000 | 351,528 | |
| Store Capital LLC 4.5% 3/15/28 | 400,000 | 378,521 | |
| UDR, Inc. 4.4% 1/26/29 | 250,000 | 239,802 | |
| Ventas Realty LP: | |||
| 4.125% 1/15/26 | 360,000 | 351,468 | |
| 4.4% 1/15/29 | 240,000 | 229,558 | |
| VICI Properties LP 4.75% 2/15/28 | 960,000 | 931,295 | |
| Vornado Realty LP 2.15% 6/1/26 | 400,000 | 367,370 | |
| Welltower OP LLC: | |||
| 2.05% 1/15/29 | 780,000 | 675,686 | |
| 4% 6/1/25 | 320,000 | 314,584 | |
| 4.25% 4/1/26 | 140,000 | 136,959 | |
| Weyerhaeuser Co. 6.95% 10/1/27 | 150,000 | 157,529 | |
| 27,911,016 | |||
| Real Estate Management & Development - 0.1% | |||
| CBRE Group, Inc.: | |||
| 4.875% 3/1/26 | 250,000 | 246,924 | |
| 5.5% 4/1/29 | 330,000 | 329,746 | |
| Digital Realty Trust LP: | |||
| 3.7% 8/15/27 | 660,000 | 628,300 | |
| 5.55% 1/15/28 | 260,000 | 261,586 | |
| Essex Portfolio LP: | |||
| 3.375% 4/15/26 | 240,000 | 230,768 | |
| 3.5% 4/1/25 | 630,000 | 618,543 | |
| 4% 3/1/29 | 160,000 | 150,121 | |
| Mid-America Apartments LP: | |||
| 4% 11/15/25 | 480,000 | 470,010 | |
| 4.2% 6/15/28 | 340,000 | 328,433 | |
| Tanger Properties LP 3.875% 7/15/27 | 210,000 | 198,021 | |
| 3,462,452 | |||
TOTAL REAL ESTATE | 31,373,468 | ||
| UTILITIES - 2.0% | |||
| Electric Utilities - 1.3% | |||
| AEP Texas, Inc. 3.95% 6/1/28 | 180,000 | 170,342 | |
| AEP Transmission Co. LLC 3.1% 12/1/26 | 180,000 | 171,129 | |
| American Electric Power Co., Inc.: | |||
| 1% 11/1/25 | 260,000 | 243,719 | |
| 3.2% 11/13/27 | 510,000 | 476,052 | |
| 4.3% 12/1/28 | 230,000 | 220,547 | |
| 5.75% 11/1/27 | 1,000,000 | 1,014,645 | |
| Cleco Corporate Holdings LLC 3.743% 5/1/26 | 220,000 | 211,820 | |
| Commonwealth Edison Co. 3.7% 8/15/28 | 660,000 | 623,754 | |
| Connecticut Light & Power Co.: | |||
| 0.75% 12/1/25 | 100,000 | 93,586 | |
| 3.2% 3/15/27 | 230,000 | 218,844 | |
| Duke Energy Carolinas LLC 2.95% 12/1/26 | 240,000 | 227,854 | |
| Duke Energy Corp.: | |||
| 0.9% 9/15/25 | 100,000 | 94,295 | |
| 2.65% 9/1/26 | 340,000 | 320,534 | |
| 3.25% 1/15/82 (b) | 220,000 | 196,266 | |
| 5% 12/8/27 | 750,000 | 745,849 | |
| Duke Energy Florida LLC 3.2% 1/15/27 | 260,000 | 247,591 | |
| Duke Energy Progress LLC 3.45% 3/15/29 | 380,000 | 354,015 | |
| Edison International: | |||
| 4.125% 3/15/28 | 360,000 | 342,856 | |
| 4.7% 8/15/25 | 110,000 | 108,606 | |
| 5.25% 11/15/28 | 520,000 | 514,689 | |
| 5.75% 6/15/27 | 280,000 | 281,582 | |
| Entergy Corp. 0.9% 9/15/25 | 1,100,000 | 1,036,384 | |
| Entergy Louisiana LLC: | |||
| 2.4% 10/1/26 | 490,000 | 459,198 | |
| 3.12% 9/1/27 | 510,000 | 479,344 | |
| Eversource Energy: | |||
| 2.9% 3/1/27 | 160,000 | 149,600 | |
| 5.45% 3/1/28 | 1,400,000 | 1,400,540 | |
| 5.95% 2/1/29 | 380,000 | 387,462 | |
| Exelon Corp.: | |||
| 2.75% 3/15/27 | 600,000 | 560,761 | |
| 3.4% 4/15/26 | 100,000 | 96,711 | |
| 3.95% 6/15/25 | 630,000 | 619,220 | |
| FirstEnergy Corp. 4.15% 7/15/27 | 620,000 | 590,468 | |
| Florida Power & Light Co.: | |||
| 2.85% 4/1/25 | 389,000 | 381,144 | |
| 3.125% 12/1/25 | 530,000 | 513,789 | |
| 5.05% 4/1/28 | 390,000 | 390,490 | |
| Fortis, Inc. 3.055% 10/4/26 | 460,000 | 435,109 | |
| Georgia Power Co. 4.65% 5/16/28 | 800,000 | 786,056 | |
| Interstate Power and Light Co. 3.6% 4/1/29 | 450,000 | 418,109 | |
| NextEra Energy Capital Holdings, Inc.: | |||
| 1.875% 1/15/27 | 1,220,000 | 1,118,590 | |
| 3.5% 4/1/29 | 570,000 | 526,651 | |
| 4.625% 7/15/27 | 1,130,000 | 1,109,361 | |
| 4.8% 12/1/77 (b) | 150,000 | 137,491 | |
| 4.9% 2/28/28 | 1,500,000 | 1,482,114 | |
| Oncor Electric Delivery Co. LLC: | |||
| 0.55% 10/1/25 | 340,000 | 319,477 | |
| 5.75% 3/15/29 | 230,000 | 235,485 | |
| Pacific Gas & Electric Co.: | |||
| 2.95% 3/1/26 | 210,000 | 200,298 | |
| 3% 6/15/28 | 2,120,000 | 1,933,193 | |
| 3.15% 1/1/26 | 1,470,000 | 1,412,686 | |
| 3.3% 12/1/27 | 180,000 | 167,215 | |
| 3.45% 7/1/25 | 240,000 | 234,347 | |
| 3.5% 6/15/25 | 240,000 | 234,269 | |
| 4.95% 6/8/25 | 140,000 | 138,726 | |
| 5.45% 6/15/27 | 310,000 | 309,230 | |
| Pinnacle West Capital Corp. 1.3% 6/15/25 | 140,000 | 133,482 | |
| PPL Capital Funding, Inc. 3.1% 5/15/26 | 270,000 | 259,070 | |
| Public Service Electric & Gas Co.: | |||
| 0.95% 3/15/26 | 180,000 | 167,178 | |
| 2.25% 9/15/26 | 260,000 | 243,631 | |
| Southern California Edison Co.: | |||
| 3.7% 8/1/25 | 1,680,000 | 1,643,454 | |
| 5.65% 10/1/28 | 680,000 | 690,930 | |
| Southern Co.: | |||
| 3.25% 7/1/26 | 1,890,000 | 1,814,359 | |
| 5.15% 10/6/25 | 2,000,000 | 1,992,668 | |
| 5.5% 3/15/29 | 1,000,000 | 1,010,920 | |
| Southwestern Electric Power Co. 2.75% 10/1/26 | 320,000 | 300,181 | |
| Systems Energy Resource, Inc. 6% 4/15/28 | 120,000 | 121,769 | |
| Union Electric Co. 2.95% 6/15/27 | 170,000 | 159,384 | |
| Virginia Electric & Power Co.: | |||
| 2.95% 11/15/26 | 420,000 | 398,588 | |
| 3.15% 1/15/26 | 360,000 | 347,658 | |
| Xcel Energy, Inc.: | |||
| 1.75% 3/15/27 | 590,000 | 534,673 | |
| 3.3% 6/1/25 | 100,000 | 97,635 | |
| 35,057,673 | |||
| Gas Utilities - 0.1% | |||
| Atmos Energy Corp. 3% 6/15/27 | 180,000 | 169,442 | |
| CenterPoint Energy Resources Corp. 5.25% 3/1/28 | 400,000 | 399,942 | |
| Southern California Gas Co.: | |||
| 2.6% 6/15/26 | 510,000 | 483,628 | |
| 2.95% 4/15/27 | 460,000 | 432,903 | |
| Southwest Gas Corp. 5.45% 3/23/28 | 300,000 | 300,984 | |
| 1,786,899 | |||
| Independent Power and Renewable Electricity Producers - 0.1% | |||
| Constellation Energy Generation, LLC 3.25% 6/1/25 | 1,280,000 | 1,250,618 | |
| Emera U.S. Finance LP 3.55% 6/15/26 | 390,000 | 373,135 | |
| Southern Power Co. 4.15% 12/1/25 | 380,000 | 372,661 | |
| The AES Corp.: | |||
| 1.375% 1/15/26 | 330,000 | 308,153 | |
| 5.45% 6/1/28 | 730,000 | 726,510 | |
| 3,031,077 | |||
| Multi-Utilities - 0.5% | |||
| Ameren Corp. 5.7% 12/1/26 | 500,000 | 502,852 | |
| Berkshire Hathaway Energy Co. 4.05% 4/15/25 | 1,000,000 | 987,581 | |
| CenterPoint Energy, Inc. 1.45% 6/1/26 | 370,000 | 342,449 | |
| Consolidated Edison Co. of New York, Inc. 3.125% 11/15/27 | 360,000 | 336,706 | |
| Consumers Energy Co. 4.9% 2/15/29 | 150,000 | 148,896 | |
| Dominion Energy, Inc. 1.45% 4/15/26 | 1,900,000 | 1,764,620 | |
| DTE Energy Co.: | |||
| 1.05% 6/1/25 | 920,000 | 880,124 | |
| 2.85% 10/1/26 | 100,000 | 94,475 | |
| 4.875% 6/1/28 | 230,000 | 226,400 | |
| 5.1% 3/1/29 | 280,000 | 276,212 | |
| National Grid PLC 5.602% 6/12/28 | 360,000 | 362,121 | |
| NiSource, Inc.: | |||
| 0.95% 8/15/25 | 1,343,000 | 1,270,905 | |
| 5.25% 3/30/28 | 300,000 | 299,191 | |
| Public Service Enterprise Group, Inc.: | |||
| 5.2% 4/1/29 | 620,000 | 615,648 | |
| 5.875% 10/15/28 | 430,000 | 437,978 | |
| Puget Energy, Inc. 2.379% 6/15/28 | 310,000 | 274,850 | |
| San Diego Gas & Electric Co. 2.5% 5/15/26 | 280,000 | 265,765 | |
| Sempra: | |||
| 3.25% 6/15/27 | 1,150,000 | 1,081,348 | |
| 5.4% 8/1/26 | 1,500,000 | 1,496,902 | |
| WEC Energy Group, Inc.: | |||
| 2.2% 12/15/28 | 610,000 | 535,430 | |
| 4.75% 1/15/28 | 320,000 | 316,561 | |
| 12,517,014 | |||
| Water Utilities - 0.0% | |||
| American Water Capital Corp. 2.95% 9/1/27 | 270,000 | 252,581 | |
TOTAL UTILITIES | 52,645,244 | ||
| TOTAL NONCONVERTIBLE BONDS (Cost $795,967,842) | 775,481,070 | ||
| U.S. Government and Government Agency Obligations - 66.6% | |||
Principal Amount (a) | Value ($) | ||
| U.S. Government Agency Obligations - 2.4% | |||
| Fannie Mae: | |||
| 0.375% 8/25/25 | 1,805,000 | 1,704,416 | |
| 0.5% 6/17/25 | 16,180,000 | 15,429,045 | |
| 0.625% 4/22/25 | 6,334,000 | 6,083,592 | |
| 1.625% 10/15/24 | 800,000 | 789,084 | |
| 1.75% 7/2/24 | 860,000 | 857,523 | |
| Federal Farm Credit Bank 4.125% 12/12/25 | 8,573,000 | 8,435,599 | |
| Federal Home Loan Bank: | |||
| 0.375% 9/4/25 | 460,000 | 434,819 | |
| 0.5% 4/14/25 | 695,000 | 667,526 | |
| 0.79% 2/25/26 | 7,900,000 | 7,344,815 | |
| 1.5% 8/15/24 | 125,000 | 124,014 | |
| 3% 3/12/27 | 4,900,000 | 4,683,429 | |
| 4.5% 3/10/28 | 5,000,000 | 4,998,488 | |
| Freddie Mac: | |||
| 0.375% 7/21/25 | 1,600,000 | 1,517,335 | |
| 0.375% 9/23/25 | 1,156,000 | 1,087,638 | |
| 1.5% 2/12/25 | 1,590,000 | 1,549,344 | |
| 4.05% 8/28/25 | 4,000,000 | 3,944,958 | |
| Tennessee Valley Authority 0.75% 5/15/25 | 2,550,000 | 2,444,996 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS | 62,096,621 | ||
| U.S. Treasury Obligations - 64.2% | |||
| U.S. Treasury Bonds 6.75% 8/15/26 | 1,070,000 | 1,115,266 | |
| U.S. Treasury Notes: | |||
| 0.25% 8/31/25 | 12,380,000 | 11,663,314 | |
| 0.25% 9/30/25 | 50,909,000 | 47,792,812 | |
| 0.25% 10/31/25 | 5,640,000 | 5,275,383 | |
| 0.375% 12/31/25 | 114,104,000 | 106,174,663 | |
| 0.375% 1/31/26 | 38,890,000 | 36,062,879 | |
| 0.375% 7/31/27 | 4,980,000 | 4,361,391 | |
| 0.5% 2/28/26 | 158,361,000 | 146,718,988 | |
| 0.5% 5/31/27 | 850,000 | 752,051 | |
| 0.5% 6/30/27 | 2,480,000 | 2,188,406 | |
| 0.5% 8/31/27 | 1,290,000 | 1,130,614 | |
| 0.5% 10/31/27 | 144,530,000 | 125,927,408 | |
| 0.625% 11/30/27 | 110,510,000 | 96,424,292 | |
| 0.625% 12/31/27 | 159,170,000 | 138,465,466 | |
| 0.75% 3/31/26 (e) | 14,241,000 | 13,215,759 | |
| 0.75% 4/30/26 | 24,311,000 | 22,496,222 | |
| 0.75% 5/31/26 | 153,840,000 | 141,923,409 | |
| 0.75% 8/31/26 | 18,640,000 | 17,048,319 | |
| 0.75% 1/31/28 | 31,050,000 | 27,059,590 | |
| 0.875% 6/30/26 | 993,000 | 916,236 | |
| 1% 7/31/28 | 76,440,000 | 66,228,094 | |
| 1.125% 1/15/25 | 5,000 | 4,875 | |
| 1.125% 2/28/25 | 9,000 | 8,733 | |
| 1.125% 10/31/26 | 8,164,000 | 7,492,065 | |
| 1.125% 2/28/27 | 400,000 | 363,609 | |
| 1.125% 2/29/28 | 52,480,000 | 46,276,700 | |
| 1.125% 8/31/28 | 108,290,000 | 94,093,858 | |
| 1.25% 4/30/28 | 66,530,000 | 58,673,742 | |
| 1.25% 5/31/28 | 50,220,000 | 44,183,792 | |
| 1.5% 11/30/24 | 5,000 | 4,906 | |
| 1.5% 1/31/27 | 954,000 | 877,866 | |
| 1.5% 11/30/28 | 82,340,000 | 72,266,216 | |
| 1.875% 6/30/26 | 20,730,000 | 19,526,688 | |
| 2.625% 5/31/27 | 1,260,000 | 1,188,584 | |
| 2.75% 7/31/27 | 3,840,000 | 3,627,000 | |
| 2.75% 5/31/29 | 61,350,000 | 56,549,842 | |
| 2.875% 7/31/25 | 19,590,000 | 19,100,250 | |
| 2.875% 4/30/29 | 45,490,000 | 42,223,960 | |
| 4% 6/30/28 | 12,900,000 | 12,630,914 | |
| 4.25% 2/28/29 | 3,490,000 | 3,451,146 | |
| 4.375% 12/15/26 | 1,030,000 | 1,020,867 | |
| 4.375% 11/30/28 | 3,860,000 | 3,835,423 | |
| 4.5% 4/15/27 | 17,810,000 | 17,723,733 | |
| 4.5% 5/15/27 | 13,220,000 | 13,158,031 | |
| 4.625% 2/28/26 | 21,430,000 | 21,313,642 | |
| 4.625% 4/30/29 | 9,990,000 | 10,038,389 | |
| 4.875% 11/30/25 | 29,000,000 | 28,934,297 | |
| 4.875% 4/30/26 | 76,390,000 | 76,363,144 | |
| 4.875% 10/31/28 | 19,310,000 | 19,558,918 | |
TOTAL U.S. TREASURY OBLIGATIONS | 1,687,431,752 | ||
| TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $1,772,045,730) | 1,749,528,373 | ||
| Foreign Government and Government Agency Obligations - 1.2% | |||
Principal Amount (a) | Value ($) | ||
| Alberta Province 1% 5/20/25 | 2,100,000 | 2,015,412 | |
| British Columbia Province: | |||
| 2.25% 6/2/26 | 800,000 | 757,984 | |
| 4.9% 4/24/29 | 1,500,000 | 1,508,535 | |
| Chilean Republic: | |||
| 2.75% 1/31/27 | 760,000 | 711,075 | |
| 3.125% 3/27/25 | 320,000 | 312,931 | |
| 3.24% 2/6/28 | 400,000 | 373,250 | |
| Export Development Canada 3% 5/25/27 | 2,350,000 | 2,234,639 | |
| Indonesian Republic 3.5% 1/11/28 | 1,000,000 | 939,375 | |
| Israeli State 5.375% 3/12/29 | 700,000 | 686,175 | |
| Italian Republic: | |||
| 1.25% 2/17/26 | 910,000 | 846,205 | |
| 2.375% 10/17/24 | 860,000 | 848,971 | |
| Korean Republic 5.625% 11/3/25 | 120,000 | 120,613 | |
| Landwirtschaftliche Rentenbank 2.5% 11/15/27 | 2,460,000 | 2,285,735 | |
| Ontario Province: | |||
| 0.625% 1/21/26 | 900,000 | 837,210 | |
| 2.5% 4/27/26 | 3,690,000 | 3,520,039 | |
| Panamanian Republic 3.75% 3/16/25 | 2,100,000 | 2,063,517 | |
| Peruvian Republic: | |||
| 2.392% 1/23/26 | 880,000 | 834,350 | |
| 7.35% 7/21/25 | 590,000 | 600,509 | |
| Philippine Republic: | |||
| 5.17% 10/13/27 | 1,000,000 | 997,188 | |
| 10.625% 3/16/25 | 540,000 | 560,763 | |
| Polish Government: | |||
| 3.25% 4/6/26 | 1,850,000 | 1,792,706 | |
| 4.625% 3/18/29 | 500,000 | 491,675 | |
| Quebec Province: | |||
| 2.5% 4/20/26 | 1,250,000 | 1,193,788 | |
| 2.75% 4/12/27 | 1,000,000 | 944,040 | |
| United Mexican States: | |||
| 4.125% 1/21/26 | 750,000 | 733,125 | |
| 4.15% 3/28/27 | 470,000 | 453,991 | |
| 5.4% 2/9/28 | 1,250,000 | 1,244,922 | |
| Uruguay Republic 4.375% 10/27/27 | 600,000 | 591,900 | |
| TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $31,507,460) | 30,500,623 | ||
| Supranational Obligations - 1.9% | |||
Principal Amount (a) | Value ($) | ||
| African Development Bank 0.875% 7/22/26 | 2,860,000 | 2,624,173 | |
| Asian Development Bank: | |||
| 0.375% 9/3/25 | 3,275,000 | 3,086,223 | |
| 0.5% 2/4/26 | 9,620,000 | 8,927,110 | |
| 1.5% 10/18/24 | 300,000 | 295,608 | |
| Asian Infrastructure Investment Bank: | |||
| 0.5% 10/30/24 | 3,000,000 | 2,939,790 | |
| 3.75% 9/14/27 | 2,050,000 | 1,986,647 | |
| Corporacion Andina de Fomento 1.625% 9/23/25 | 1,000,000 | 948,734 | |
| Council of Europe Development Bank 1.375% 2/27/25 | 910,000 | 883,630 | |
| European Investment Bank 2.5% 10/15/24 | 2,050,000 | 2,028,008 | |
| Inter-American Development Bank: | |||
| 0.625% 7/15/25 | 750,000 | 712,990 | |
| 0.875% 4/20/26 | 3,000,000 | 2,780,991 | |
| 1.5% 1/13/27 | 3,500,000 | 3,218,738 | |
| 4% 1/12/28 | 1,900,000 | 1,853,806 | |
| International Bank for Reconstruction & Development: | |||
| 0.375% 7/28/25 | 3,000,000 | 2,839,583 | |
| 0.5% 10/28/25 | 3,881,000 | 3,639,589 | |
| 1.5% 8/28/24 | 850,000 | 842,072 | |
| 1.625% 1/15/25 | 3,187,000 | 3,114,596 | |
| 1.875% 10/27/26 | 5,140,000 | 4,796,460 | |
| International Finance Corp.: | |||
| 0.375% 7/16/25 | 490,000 | 464,470 | |
| 1.375% 10/16/24 | 1,706,000 | 1,680,693 | |
| TOTAL SUPRANATIONAL OBLIGATIONS (Cost $51,694,126) | 49,663,911 | ||
| Bank Notes - 0.4% | |||
Principal Amount (a) | Value ($) | ||
| Citibank NA 5.488% 12/4/26 | 510,000 | 512,837 | |
| Citizens Bank NA 2.25% 4/28/25 | 945,000 | 915,303 | |
| Fifth Third Bank, Cincinnati: | |||
| 2.25% 2/1/27 | 250,000 | 230,569 | |
| 3.85% 3/15/26 | 420,000 | 406,301 | |
| Goldman Sachs Bank U.S.A. 5.283% 3/18/27 (b) | 1,810,000 | 1,802,618 | |
| KeyBank NA 5.85% 11/15/27 | 930,000 | 923,360 | |
| Morgan Stanley Bank, West Valley City Utah 4.952% 1/14/28 (b) | 2,160,000 | 2,139,025 | |
| PNC Bank NA: | |||
| 3.25% 1/22/28 | 640,000 | 597,445 | |
| 4.2% 11/1/25 | 560,000 | 548,265 | |
| Truist Bank 2.636% 9/17/29 (b) | 1,270,000 | 1,233,930 | |
| Wells Fargo Bank NA 5.45% 8/7/26 | 1,000,000 | 1,003,542 | |
| TOTAL BANK NOTES (Cost $10,465,986) | 10,313,195 | ||
| Money Market Funds - 0.9% | |||
| Shares | Value ($) | ||
| Fidelity Cash Central Fund 5.39% (f) | 14,126,526 | 14,129,351 | |
| Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 10,792,841 | 10,793,920 | |
| TOTAL MONEY MARKET FUNDS (Cost $24,923,271) | 24,923,271 | ||
| TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $2,686,604,415) | 2,640,410,443 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (13,851,385) |
| NET ASSETS - 100.0% | 2,626,559,058 |
Legend
| (a) | Amount is stated in United States dollars unless otherwise noted. |
| (b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
| (c) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
| (d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,430,298 or 0.1% of net assets. |
| (e) | Security or a portion of the security is on loan at period end. |
| (f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
| (g) | Investment made with cash collateral received from securities on loan. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
| Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
| Fidelity Cash Central Fund 5.39% | 12,912,342 | 406,242,897 | 405,024,376 | 379,216 | (1,512) | - | 14,129,351 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 5.39% | - | 273,033,398 | 262,239,478 | 8,561 | - | - | 10,793,920 | 0.0% |
| Total | 12,912,342 | 679,276,295 | 667,263,854 | 387,777 | (1,512) | - | 24,923,271 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Nonconvertible Bonds, U.S. Government and Government Agency Obligations, Foreign Government and Government Agency Obligations, Supranational Obligations and Bank Notes are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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