UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06200
Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Omar Aguilar
Schwab Investments
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 636-7000
Date of fiscal year end: August 31
Date of reporting period: February 29, 2024
Item 1: Report(s) to Shareholders.
Protected Securities Index Fund
Bond Index Fund
Bond Index Fund
No Action Required – Notice Regarding Shareholder Report Delivery |
Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
• If you already receive the full shareholder reports, you will receive the streamlined shareholder reports in the same way that you currently receive the full shareholder reports (either in paper or electronically). |
• If you currently receive a notification when a shareholder report is available on a fund’s website, beginning July 24, 2024, you will begin to receive the streamlined shareholder report (in paper). |
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3 | |
4 | |
6 | |
8 | |
10 | |
11 | |
17 | |
93 | |
125 | |
135 | |
136 | |
139 |
Total Returns for the 6 Months Ended February 29, 2024 | |
Schwab Treasury Inflation Protected Securities Index Fund (Ticker Symbol: SWRSX) | 1.81% |
Bloomberg US Aggregate Bond Index1 | 2.35% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | 1.85% |
Fund Category: Morningstar Inflation Protected Bond2 | 2.02% |
Performance Details | pages 4-5 |
Schwab U.S. Aggregate Bond Index Fund (Ticker Symbol: SWAGX) | 2.40% |
Bloomberg US Aggregate Bond Index | 2.35% |
Fund Category: Morningstar Intermediate Core Bond2 | 2.47% |
Performance Details | pages 6-7 |
Schwab Short-Term Bond Index Fund (Ticker Symbol: SWSBX) | 2.61% |
Bloomberg US Aggregate Bond Index1 | 2.35% |
Bloomberg US Government/Credit 1-5 Year Index | 2.67% |
Fund Category: Morningstar Short-Term Bond2 | 3.32% |
Performance Details | pages 8-9 |
Matthew Hastings, CFA, Managing Director and Head of Bond Strategies for Schwab Asset Management, leads the portfolio management team for the Schwab Taxable Bond Funds and Schwab Fixed-Income ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining Schwab in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996. |
Steven Hung, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of each of the funds, except for the Schwab Treasury Inflation Protected Securities Index Fund. He is primarily responsible for the management and oversight of corporate bonds within the taxable bond strategies, with additional responsibility for managing municipal bond index strategies. Mr. Hung has been a portfolio manager with Schwab Asset Management since 2005 and prior to that, served in various roles as an associate portfolio manager and trader since 1999. In 1998, he joined Charles Schwab & Co.’s management training program and worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
Mark McKissick, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Prior to joining Schwab in 2016, Mr. McKissick worked at Denver Investments for 17 years, most recently as a director of fixed income and portfolio manager. In this role he co-managed multiple bond strategies, as well as oversaw the firm’s fixed-income business including the investment process, client service, and other administrative functions. He also served as a credit/security analyst from 1999 to 2005. Prior to that, he worked as a senior research analyst with Hotchkis & Wiley, a portfolio manager at Payden & Rygel, and a vice president in fixed income at Salomon Brothers. |
Alfonso Portillo, Jr., Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond Index Fund. His primary focus is securitized products. Prior to joining Schwab in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996. |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Treasury Inflation Protected Securities Index Fund (3/31/06) | 1.81% | 2.47% | 2.63% | 1.98% |
Bloomberg US Aggregate Bond Index2 | 2.35% | 3.33% | 0.56% | 1.43% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | 1.85% | 2.51% | 2.69% | 2.08% |
Fund Category: Morningstar Inflation Protected Bond3 | 2.02% | 2.82% | 2.50% | 1.69% |
Fund Expense Ratio4: 0.05% |
30-Day SEC Yield | 0.54%5 |
12-Month Distribution Yield | 3.13% |
Weighted Average Maturity3 | 7.4 Yrs |
Weighted Average Duration3 | 6.8 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab U.S. Aggregate Bond Index Fund (2/23/17) | 2.40% | 3.33% | 0.46% | 0.85% |
Bloomberg US Aggregate Bond Index | 2.35% | 3.33% | 0.56% | 0.97% |
Fund Category: Morningstar Intermediate Core Bond2 | 2.47% | 3.50% | 0.55% | N/A |
Fund Expense Ratio3: 0.04% |
30-Day SEC Yield | 4.38% |
12-Month Distribution Yield | 3.39% |
Weighted Average Maturity4 | 8.5 Yrs |
Weighted Average Duration4 | 6.1 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab Short-Term Bond Index Fund (2/23/17) | 2.61% | 4.43% | 1.24% | 1.26% |
Bloomberg US Aggregate Bond Index2 | 2.35% | 3.33% | 0.56% | 0.97% |
Bloomberg US Government/Credit 1-5 Year Index | 2.67% | 4.54% | 1.33% | 1.36% |
Fund Category: Morningstar Short-Term Bond3 | 3.32% | 5.33% | 1.72% | N/A |
Fund Expense Ratio4: 0.06% |
30-Day SEC Yield | 4.63% |
12-Month Distribution Yield | 3.37% |
Weighted Average Maturity3 | 2.9 Yrs |
Weighted Average Duration3 | 2.6 Yrs |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/29/24 | EXPENSES PAID DURING PERIOD 9/1/23-2/29/24 2 | |
Schwab Treasury Inflation Protected Securities Index Fund | ||||
Actual Return | 0.05% | $1,000.00 | $1,018.10 | $0.25 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.61 | $0.25 |
Schwab U.S. Aggregate Bond Index Fund | ||||
Actual Return | 0.04% | $1,000.00 | $1,024.00 | $0.20 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.66 | $0.20 |
Schwab Short-Term Bond Index Fund | ||||
Actual Return | 0.06% | $1,000.00 | $1,026.10 | $0.30 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.57 | $0.30 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 182 days in the period, and divided by 366 days in the fiscal year. |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $10.17 | $11.27 | $12.70 | $12.33 | $11.50 | $10.97 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.08 | 0.30 | 0.90 | 0.59 | 0.12 | 0.25 |
Net realized and unrealized gains (losses) | 0.10 | (0.72 ) | (1.64 ) | 0.07 | 0.88 | 0.55 |
Total from investment operations | 0.18 | (0.42 ) | (0.74 ) | 0.66 | 1.00 | 0.80 |
Less distributions: | ||||||
Distributions from net investment income | (0.18 ) | (0.59 ) | (0.67 ) | (0.28 ) | (0.17 ) | (0.27 ) |
Distributions from net realized gains | — | (0.09 ) | (0.02 ) | (0.01 ) | — | — |
Total distributions | (0.18 ) | (0.68 ) | (0.69 ) | (0.29 ) | (0.17 ) | (0.27 ) |
Net asset value at end of period | $10.17 | $10.17 | $11.27 | $12.70 | $12.33 | $11.50 |
Total return | 1.81 %2 | (3.67 %) | (6.04 %) | 5.48 % | 8.88 % | 7.42 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05 %3 | 0.05 %4 | 0.05 %4 | 0.05 % | 0.05 % | 0.05 % |
Net investment income (loss) | 1.53 %3 | 2.92 % | 7.50 % | 4.83 % | 1.05 % | 2.27 % |
Portfolio turnover rate | 17 %2 | 44 % | 37 % | 25 % | 29 % | 25 % |
Net assets, end of period (x 1,000,000) | $2,588 | $2,590 | $2,750 | $2,397 | $1,429 | $923 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.8% OF NET ASSETS | ||
U.S. Treasury Inflation Protected Securities | ||
0.13%, 04/15/25 | 65,227,565 | 63,626,224 |
0.38%, 07/15/25 | 89,519,247 | 87,613,344 |
0.13%, 10/15/25 | 79,359,179 | 77,043,871 |
0.63%, 01/15/26 | 75,365,239 | 73,312,344 |
2.00%, 01/15/26 | 35,907,926 | 35,828,168 |
0.13%, 04/15/26 | 61,292,702 | 58,757,525 |
0.13%, 07/15/26 | 75,116,020 | 72,043,023 |
0.13%, 10/15/26 | 84,823,686 | 80,973,248 |
0.38%, 01/15/27 | 69,951,948 | 66,774,304 |
2.38%, 01/15/27 | 34,719,420 | 35,061,810 |
0.13%, 04/15/27 | 86,653,188 | 81,698,993 |
0.38%, 07/15/27 | 77,123,751 | 73,400,363 |
1.63%, 10/15/27 | 86,895,808 | 86,153,804 |
0.50%, 01/15/28 | 78,762,316 | 74,531,646 |
1.75%, 01/15/28 | 32,643,342 | 32,402,307 |
1.25%, 04/15/28 | 85,813,304 | 83,371,970 |
3.63%, 04/15/28 | 33,420,738 | 35,592,083 |
0.75%, 07/15/28 | 68,560,030 | 65,471,671 |
2.38%, 10/15/28 | 88,296,126 | 90,393,025 |
0.88%, 01/15/29 | 58,801,548 | 56,028,911 |
2.50%, 01/15/29 | 30,139,053 | 30,994,373 |
3.88%, 04/15/29 | 38,773,788 | 42,460,708 |
0.25%, 07/15/29 | 69,477,766 | 63,944,208 |
0.13%, 01/15/30 | 78,483,700 | 70,805,641 |
0.13%, 07/15/30 | 86,903,201 | 78,041,269 |
0.13%, 01/15/31 | 89,946,233 | 79,753,260 |
0.13%, 07/15/31 | 91,913,214 | 81,121,485 |
0.13%, 01/15/32 | 100,343,743 | 87,403,440 |
3.38%, 04/15/32 | 13,956,160 | 15,446,370 |
0.63%, 07/15/32 | 104,113,528 | 94,187,588 |
1.13%, 01/15/33 | 101,590,860 | 95,088,841 |
1.38%, 07/15/33 | 99,316,223 | 95,136,736 |
1.75%, 01/15/34 | 37,708,161 | 37,171,007 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.13%, 02/15/40 | 18,206,711 | 18,465,207 |
2.13%, 02/15/41 | 26,348,210 | 26,739,842 |
0.75%, 02/15/42 | 42,700,067 | 34,150,069 |
0.63%, 02/15/43 | 33,534,664 | 25,757,531 |
1.38%, 02/15/44 | 46,127,995 | 40,461,483 |
0.75%, 02/15/45 | 50,765,714 | 38,935,614 |
1.00%, 02/15/46 | 26,147,907 | 20,941,288 |
0.88%, 02/15/47 | 32,029,545 | 24,739,093 |
1.00%, 02/15/48 | 23,289,176 | 18,354,260 |
1.00%, 02/15/49 | 21,818,196 | 17,138,355 |
0.25%, 02/15/50 | 32,975,967 | 20,811,706 |
0.13%, 02/15/51 | 33,192,796 | 19,870,590 |
0.13%, 02/15/52 | 38,480,094 | 22,692,267 |
1.50%, 02/15/53 | 36,801,082 | 32,176,635 |
2.13%, 02/15/54 | 18,895,358 | 19,121,961 |
Total Treasuries (Cost $2,797,549,100) | 2,581,989,461 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (a) | 1,913,725 | 1,913,725 |
Total Short-Term Investments (Cost $1,913,725) | 1,913,725 | |
Total Investments in Securities (Cost $2,799,462,825) | 2,583,903,186 |
(a) | The rate shown is the annualized 7-day yield. |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Treasuries1 | $— | $2,581,989,461 | $— | $2,581,989,461 |
Short-Term Investments1 | 1,913,725 | — | — | 1,913,725 |
Total | $1,913,725 | $2,581,989,461 | $— | $2,583,903,186 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $2,799,462,825) | $2,583,903,186 | |
Receivables: | ||
Investments sold | 18,177,767 | |
Interest | 4,597,223 | |
Fund shares sold | 2,321,864 | |
Dividends | + | 7,236 |
Total assets | 2,609,007,276 | |
Liabilities | ||
Payables: | ||
Investments bought | 19,138,508 | |
Fund shares redeemed | 2,256,807 | |
Investment adviser fees | + | 101,448 |
Total liabilities | 21,496,763 | |
Net assets | $2,587,510,513 | |
Net Assets by Source | ||
Capital received from investors | $3,001,868,598 | |
Total distributable loss | + | (414,358,085 ) |
Net assets | $2,587,510,513 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$2,587,510,513 | 254,444,184 | $10.17 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $20,056,832 * | |
Dividends received from securities - unaffiliated | + | 34,661 |
Total investment income | 20,091,493 | |
Expenses | ||
Investment adviser fees | 635,760 | |
Total expenses | – | 635,760 |
Net investment income | 19,455,733 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (40,895,404 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 67,585,490 |
Net realized and unrealized gains | 26,690,086 | |
Increase in net assets resulting from operations | $46,145,819 |
* | See financial note 2(b), Inflation-Protected Securities, for additional information. |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $19,455,733 | $75,376,422 | |
Net realized losses | (40,895,404 ) | (147,149,930 ) | |
Net change in unrealized appreciation (depreciation) | + | 67,585,490 | (31,353,406 ) |
Increase (decrease) in net assets resulting from operations | $46,145,819 | ($103,126,914 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($45,755,238 ) | ($165,137,196 ) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 30,507,615 | $307,821,074 | 68,593,848 | $711,921,651 | |
Shares reinvested | 3,434,971 | 34,437,324 | 12,065,840 | 124,578,060 | |
Shares redeemed | + | (34,243,682 ) | (344,834,910 ) | (69,939,453 ) | (728,580,733 ) |
Net transactions in fund shares | (301,096 ) | ($2,576,512 ) | 10,720,235 | $107,918,978 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 254,745,280 | $2,589,696,444 | 244,025,045 | $2,750,041,576 | |
Total increase (decrease) | + | (301,096 ) | (2,185,931 ) | 10,720,235 | (160,345,132 ) |
End of period | 254,444,184 | $2,587,510,513 | 254,745,280 | $2,589,696,444 |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $8.76 | $9.15 | $10.57 | $10.84 | $10.46 | $9.78 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.15 | 0.26 | 0.19 | 0.18 | 0.25 | 0.28 |
Net realized and unrealized gains (losses) | 0.06 | (0.38 ) | (1.39 ) | (0.22 ) | 0.40 | 0.69 |
Total from investment operations | 0.21 | (0.12 ) | (1.20 ) | (0.04 ) | 0.65 | 0.97 |
Less distributions: | ||||||
Distributions from net investment income | (0.16 ) | (0.27 ) | (0.22 ) | (0.22 ) | (0.27 ) | (0.29 ) |
Distributions from net realized gains | — | — | — | (0.01 ) | — | — |
Total distributions | (0.16 ) | (0.27 ) | (0.22 ) | (0.23 ) | (0.27 ) | (0.29 ) |
Net asset value at end of period | $8.81 | $8.76 | $9.15 | $10.57 | $10.84 | $10.46 |
Total return | 2.40 %2 | (1.34 %) | (11.51 %) | (0.30 %) | 6.33 % | 10.15 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04 %3 | 0.04 %4 | 0.04 %4 | 0.04 % | 0.04 % | 0.04 % |
Net investment income (loss) | 3.55 %3 | 2.91 % | 1.93 % | 1.66 % | 2.32 % | 2.86 % |
Portfolio turnover rate5 | 36 %2 | 71 % | 58 % | 56 % | 81 % | 91 % |
Net assets, end of period (x 1,000,000) | $4,597 | $4,521 | $4,440 | $5,510 | $4,697 | $2,971 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Includes to-be-announced (TBA) transactions ( if any) (see financial note 2 for additional information). |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 24.8% OF NET ASSETS | ||
Financial Institutions 8.1% | ||
Banking 5.7% | ||
Ally Financial, Inc. | ||
5.80%, 05/01/25 (a) | 150,000 | 149,813 |
4.75%, 06/09/27 (a) | 150,000 | 145,721 |
7.10%, 11/15/27 (a) | 150,000 | 156,291 |
2.20%, 11/02/28 (a) | 100,000 | 85,021 |
6.99%, 06/13/29 (a)(b) | 150,000 | 154,247 |
6.85%, 01/03/30 (a)(b) | 150,000 | 153,420 |
8.00%, 11/01/31 | 450,000 | 493,352 |
American Express Co. | ||
2.25%, 03/04/25 (a) | 300,000 | 290,565 |
3.95%, 08/01/25 (a) | 400,000 | 393,008 |
4.20%, 11/06/25 (a) | 150,000 | 148,014 |
4.90%, 02/13/26 (a) | 200,000 | 199,412 |
4.99%, 05/01/26 (a)(b) | 250,000 | 248,587 |
3.13%, 05/20/26 (a) | 150,000 | 144,029 |
6.34%, 10/30/26 (a)(b) | 200,000 | 203,088 |
1.65%, 11/04/26 (a) | 250,000 | 228,670 |
2.55%, 03/04/27 (a) | 250,000 | 232,325 |
3.30%, 05/03/27 (a) | 300,000 | 284,487 |
5.39%, 07/28/27 (a)(b) | 250,000 | 250,765 |
5.85%, 11/05/27 (a) | 250,000 | 256,482 |
5.10%, 02/16/28 (a)(b) | 250,000 | 249,050 |
5.28%, 07/27/29 (a)(b) | 250,000 | 251,560 |
6.49%, 10/30/31 (a)(b) | 250,000 | 266,412 |
4.99%, 05/26/33 (a)(b) | 100,000 | 97,317 |
4.42%, 08/03/33 (a)(b) | 250,000 | 237,000 |
5.04%, 05/01/34 (a)(b) | 200,000 | 196,456 |
5.63%, 07/28/34 (a)(b) | 100,000 | 100,742 |
4.05%, 12/03/42 | 150,000 | 129,278 |
Australia & New Zealand Banking Group Ltd. | ||
5.38%, 07/03/25 | 250,000 | 250,805 |
3.70%, 11/16/25 | 250,000 | 244,600 |
5.09%, 12/08/25 | 250,000 | 250,202 |
4.75%, 01/18/27 | 250,000 | 249,177 |
Banco Bilbao Vizcaya Argentaria SA | ||
1.13%, 09/18/25 | 200,000 | 186,998 |
6.14%, 09/14/28 (a)(b) | 200,000 | 202,936 |
7.88%, 11/15/34 (a)(b) | 200,000 | 213,238 |
Banco Santander SA | ||
3.50%, 03/24/25 | 200,000 | 196,096 |
2.75%, 05/28/25 | 200,000 | 192,998 |
5.15%, 08/18/25 | 400,000 | 397,024 |
5.18%, 11/19/25 | 200,000 | 197,346 |
1.85%, 03/25/26 | 200,000 | 185,668 |
4.25%, 04/11/27 | 200,000 | 192,808 |
5.29%, 08/18/27 | 400,000 | 397,204 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.72%, 09/14/27 (a)(b) | 200,000 | 181,010 |
6.53%, 11/07/27 (a)(b) | 200,000 | 204,764 |
3.80%, 02/23/28 | 200,000 | 188,566 |
4.18%, 03/24/28 (a)(b) | 200,000 | 191,514 |
4.38%, 04/12/28 | 200,000 | 192,296 |
5.59%, 08/08/28 | 200,000 | 201,694 |
6.61%, 11/07/28 | 200,000 | 210,258 |
3.31%, 06/27/29 | 200,000 | 181,444 |
3.49%, 05/28/30 | 200,000 | 179,520 |
2.75%, 12/03/30 | 200,000 | 163,096 |
2.96%, 03/25/31 | 200,000 | 170,582 |
3.23%, 11/22/32 (a)(b) | 200,000 | 165,410 |
6.92%, 08/08/33 | 400,000 | 415,884 |
6.94%, 11/07/33 | 200,000 | 218,190 |
Bank of America Corp. | ||
3.95%, 04/21/25 | 450,000 | 442,647 |
3.88%, 08/01/25 | 350,000 | 344,501 |
4.45%, 03/03/26 | 300,000 | 295,095 |
3.38%, 04/02/26 (a)(b) | 500,000 | 488,325 |
3.50%, 04/19/26 | 450,000 | 436,261 |
1.32%, 06/19/26 (a)(b) | 550,000 | 520,894 |
4.83%, 07/22/26 (a)(b) | 400,000 | 396,716 |
6.22%, 09/15/26 | 150,000 | 153,386 |
4.25%, 10/22/26 | 250,000 | 244,638 |
1.20%, 10/24/26 (a)(b) | 400,000 | 372,788 |
5.08%, 01/20/27 (a)(b) | 500,000 | 496,940 |
1.66%, 03/11/27 (a)(b) | 500,000 | 464,375 |
3.56%, 04/23/27 (a)(b) | 450,000 | 432,954 |
1.73%, 07/22/27 (a)(b) | 1,000,000 | 917,090 |
5.93%, 09/15/27 (a)(b) | 300,000 | 304,317 |
3.25%, 10/21/27 (a) | 400,000 | 378,056 |
4.18%, 11/25/27 (a) | 350,000 | 338,292 |
3.82%, 01/20/28 (a)(b) | 400,000 | 384,428 |
2.55%, 02/04/28 (a)(b) | 450,000 | 416,349 |
3.71%, 04/24/28 (a)(b) | 350,000 | 333,588 |
4.38%, 04/27/28 (a)(b) | 400,000 | 389,440 |
3.59%, 07/21/28 (a)(b) | 400,000 | 379,156 |
4.95%, 07/22/28 (a)(b) | 500,000 | 495,250 |
6.20%, 11/10/28 (a)(b) | 300,000 | 309,468 |
3.42%, 12/20/28 (a)(b) | 1,000,000 | 934,760 |
3.97%, 03/05/29 (a)(b) | 400,000 | 380,716 |
5.20%, 04/25/29 (a)(b) | 600,000 | 596,820 |
2.09%, 06/14/29 (a)(b) | 500,000 | 439,260 |
4.27%, 07/23/29 (a)(b) | 550,000 | 528,660 |
5.82%, 09/15/29 (a)(b) | 450,000 | 458,869 |
3.97%, 02/07/30 (a)(b) | 500,000 | 470,145 |
3.19%, 07/23/30 (a)(b) | 450,000 | 405,252 |
2.88%, 10/22/30 (a)(b) | 350,000 | 308,626 |
2.50%, 02/13/31 (a)(b) | 650,000 | 554,625 |
2.59%, 04/29/31 (a)(b) | 500,000 | 426,890 |
1.90%, 07/23/31 (a)(b) | 450,000 | 365,467 |
1.92%, 10/24/31 (a)(b) | 450,000 | 363,294 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.65%, 03/11/32 (a)(b) | 400,000 | 334,812 |
2.69%, 04/22/32 (a)(b) | 800,000 | 670,128 |
2.30%, 07/21/32 (a)(b) | 650,000 | 526,305 |
2.57%, 10/20/32 (a)(b) | 600,000 | 492,558 |
2.97%, 02/04/33 (a)(b) | 650,000 | 546,123 |
4.57%, 04/27/33 (a)(b) | 700,000 | 659,582 |
5.02%, 07/22/33 (a)(b) | 800,000 | 779,912 |
5.29%, 04/25/34 (a)(b) | 850,000 | 838,355 |
5.87%, 09/15/34 (a)(b) | 600,000 | 615,462 |
5.47%, 01/23/35 (a)(b) | 900,000 | 898,020 |
2.48%, 09/21/36 (a)(b) | 300,000 | 237,000 |
6.11%, 01/29/37 | 350,000 | 367,041 |
3.85%, 03/08/37 (a)(b) | 425,000 | 371,276 |
4.24%, 04/24/38 (a)(b) | 350,000 | 311,223 |
7.75%, 05/14/38 | 320,000 | 384,342 |
4.08%, 04/23/40 (a)(b) | 300,000 | 256,932 |
2.68%, 06/19/41 (a)(b) | 900,000 | 629,217 |
5.88%, 02/07/42 | 200,000 | 212,904 |
3.31%, 04/22/42 (a)(b) | 600,000 | 454,980 |
5.00%, 01/21/44 | 350,000 | 335,177 |
4.88%, 04/01/44 | 100,000 | 94,567 |
4.75%, 04/21/45 | 100,000 | 90,941 |
4.44%, 01/20/48 (a)(b) | 350,000 | 302,011 |
3.95%, 01/23/49 (a)(b) | 200,000 | 161,376 |
4.33%, 03/15/50 (a)(b) | 500,000 | 422,680 |
4.08%, 03/20/51 (a)(b) | 900,000 | 727,677 |
2.83%, 10/24/51 (a)(b) | 150,000 | 96,359 |
3.48%, 03/13/52 (a)(b) | 200,000 | 146,888 |
2.97%, 07/21/52 (a)(b) | 350,000 | 233,100 |
Bank of America NA | ||
5.65%, 08/18/25 (a) | 400,000 | 402,880 |
5.53%, 08/18/26 (a) | 400,000 | 404,040 |
6.00%, 10/15/36 | 168,000 | 175,367 |
Bank of Montreal | ||
1.85%, 05/01/25 | 350,000 | 336,402 |
3.70%, 06/07/25 | 250,000 | 244,980 |
5.92%, 09/25/25 | 200,000 | 202,096 |
5.30%, 06/05/26 | 150,000 | 150,441 |
1.25%, 09/15/26 | 250,000 | 227,585 |
0.95%, 01/22/27 (a)(b) | 200,000 | 184,592 |
2.65%, 03/08/27 | 250,000 | 233,413 |
4.70%, 09/14/27 (a) | 200,000 | 198,070 |
5.20%, 02/01/28 (a) | 250,000 | 251,022 |
5.72%, 09/25/28 (a) | 200,000 | 205,176 |
3.80%, 12/15/32 (a)(b) | 200,000 | 184,228 |
3.09%, 01/10/37 (a)(b) | 200,000 | 162,122 |
Bank of New York Mellon Corp. | ||
1.60%, 04/24/25 (a) | 250,000 | 240,205 |
0.75%, 01/28/26 (a) | 500,000 | 461,410 |
2.80%, 05/04/26 (a) | 200,000 | 191,096 |
4.41%, 07/24/26 (a)(b) | 250,000 | 246,635 |
2.45%, 08/17/26 (a) | 150,000 | 141,174 |
4.95%, 04/26/27 (a)(b) | 250,000 | 248,727 |
3.25%, 05/16/27 (a) | 250,000 | 237,690 |
3.44%, 02/07/28 (a)(b) | 150,000 | 143,405 |
3.85%, 04/28/28 | 600,000 | 579,072 |
5.80%, 10/25/28 (a)(b) | 250,000 | 256,117 |
3.00%, 10/30/28 (a) | 150,000 | 137,621 |
1.90%, 01/25/29 (a) | 100,000 | 87,575 |
6.32%, 10/25/29 (a)(b) | 200,000 | 209,718 |
1.80%, 07/28/31 (a) | 100,000 | 80,736 |
4.29%, 06/13/33 (a)(b) | 200,000 | 186,976 |
5.83%, 10/25/33 (a)(b) | 250,000 | 259,692 |
4.97%, 04/26/34 (a)(b) | 500,000 | 487,535 |
Bank of Nova Scotia | ||
3.45%, 04/11/25 | 250,000 | 244,873 |
1.30%, 06/11/25 | 400,000 | 380,216 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.45%, 06/12/25 | 200,000 | 200,166 |
4.50%, 12/16/25 | 150,000 | 147,458 |
4.75%, 02/02/26 | 200,000 | 198,506 |
1.05%, 03/02/26 | 200,000 | 184,490 |
1.35%, 06/24/26 | 200,000 | 183,598 |
2.70%, 08/03/26 | 200,000 | 188,980 |
1.30%, 09/15/26 | 250,000 | 227,678 |
1.95%, 02/02/27 | 150,000 | 137,711 |
2.95%, 03/11/27 | 150,000 | 141,230 |
5.25%, 06/12/28 | 150,000 | 150,857 |
4.85%, 02/01/30 | 200,000 | 197,452 |
2.15%, 08/01/31 | 150,000 | 122,618 |
2.45%, 02/02/32 | 150,000 | 123,249 |
5.65%, 02/01/34 | 150,000 | 152,490 |
4.59%, 05/04/37 (a)(b) | 200,000 | 179,194 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 100,000 | 97,496 |
5.13%, 06/11/30 (a) | 75,000 | 68,960 |
Barclays PLC | ||
3.65%, 03/16/25 | 350,000 | 342,755 |
4.38%, 01/12/26 | 500,000 | 489,980 |
2.85%, 05/07/26 (a)(b) | 350,000 | 338,415 |
5.20%, 05/12/26 | 300,000 | 296,562 |
5.30%, 08/09/26 (a)(b) | 250,000 | 248,535 |
7.33%, 11/02/26 (a)(b) | 250,000 | 256,207 |
5.83%, 05/09/27 (a)(b) | 400,000 | 401,000 |
6.50%, 09/13/27 (a)(b) | 200,000 | 203,530 |
2.28%, 11/24/27 (a)(b) | 200,000 | 182,894 |
4.34%, 01/10/28 (a) | 200,000 | 192,362 |
4.84%, 05/09/28 (a) | 250,000 | 240,785 |
5.50%, 08/09/28 (a)(b) | 300,000 | 298,590 |
7.39%, 11/02/28 (a)(b) | 250,000 | 264,322 |
4.97%, 05/16/29 (a)(b) | 250,000 | 243,240 |
6.49%, 09/13/29 (a)(b) | 200,000 | 206,190 |
5.09%, 06/20/30 (a)(b) | 300,000 | 284,406 |
2.65%, 06/24/31 (a)(b) | 300,000 | 249,867 |
2.67%, 03/10/32 (a)(b) | 200,000 | 163,486 |
2.89%, 11/24/32 (a)(b) | 250,000 | 203,788 |
5.75%, 08/09/33 (a)(b) | 200,000 | 197,984 |
7.44%, 11/02/33 (a)(b) | 350,000 | 383,169 |
6.22%, 05/09/34 (a)(b) | 400,000 | 405,232 |
7.12%, 06/27/34 (a)(b) | 250,000 | 259,427 |
6.69%, 09/13/34 (a)(b) | 250,000 | 261,577 |
3.56%, 09/23/35 (a)(b) | 150,000 | 126,027 |
3.81%, 03/10/42 (a)(b) | 200,000 | 150,156 |
3.33%, 11/24/42 (a)(b) | 200,000 | 144,892 |
5.25%, 08/17/45 | 200,000 | 191,048 |
4.95%, 01/10/47 | 200,000 | 182,132 |
BPCE SA | ||
3.38%, 12/02/26 | 250,000 | 239,720 |
Canadian Imperial Bank of Commerce | ||
3.30%, 04/07/25 | 250,000 | 244,240 |
5.14%, 04/28/25 | 200,000 | 199,372 |
3.95%, 08/04/25 | 250,000 | 245,155 |
0.95%, 10/23/25 | 200,000 | 186,978 |
1.25%, 06/22/26 | 150,000 | 137,555 |
3.45%, 04/07/27 (a) | 200,000 | 190,662 |
5.00%, 04/28/28 (a) | 250,000 | 249,267 |
3.60%, 04/07/32 (a) | 200,000 | 178,800 |
6.09%, 10/03/33 (a) | 250,000 | 260,092 |
Capital One Financial Corp. | ||
4.25%, 04/30/25 (a) | 200,000 | 197,346 |
4.20%, 10/29/25 (a) | 250,000 | 244,453 |
2.64%, 03/03/26 (a)(b) | 250,000 | 242,533 |
4.99%, 07/24/26 (a)(b) | 250,000 | 247,755 |
3.75%, 07/28/26 (a) | 250,000 | 240,098 |
3.75%, 03/09/27 (a) | 300,000 | 286,455 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.65%, 05/11/27 (a) | 250,000 | 238,110 |
1.88%, 11/02/27 (a)(b) | 225,000 | 204,217 |
3.80%, 01/31/28 (a) | 200,000 | 189,082 |
4.93%, 05/10/28 (a)(b) | 300,000 | 293,631 |
5.47%, 02/01/29 (a)(b) | 200,000 | 198,844 |
6.31%, 06/08/29 (a)(b) | 300,000 | 307,356 |
5.25%, 07/26/30 (a)(b) | 200,000 | 195,134 |
7.62%, 10/30/31 (a)(b) | 300,000 | 328,557 |
2.36%, 07/29/32 (a)(b) | 150,000 | 113,240 |
2.62%, 11/02/32 (a)(b) | 200,000 | 160,026 |
5.27%, 05/10/33 (a)(b) | 200,000 | 194,306 |
5.82%, 02/01/34 (a)(b) | 250,000 | 247,253 |
6.38%, 06/08/34 (a)(b) | 300,000 | 309,234 |
6.05%, 02/01/35 (a)(b) | 200,000 | 201,912 |
Citibank NA | ||
5.86%, 09/29/25 (a) | 250,000 | 253,020 |
5.49%, 12/04/26 (a) | 250,000 | 252,172 |
5.80%, 09/29/28 (a) | 400,000 | 412,180 |
Citigroup, Inc. | ||
3.88%, 03/26/25 | 150,000 | 147,237 |
3.30%, 04/27/25 | 300,000 | 293,394 |
4.40%, 06/10/25 | 450,000 | 443,560 |
5.50%, 09/13/25 | 324,000 | 323,365 |
3.70%, 01/12/26 | 200,000 | 194,758 |
4.60%, 03/09/26 | 345,000 | 339,539 |
3.29%, 03/17/26 (a)(b) | 300,000 | 293,043 |
3.11%, 04/08/26 (a)(b) | 600,000 | 584,142 |
3.40%, 05/01/26 | 250,000 | 240,658 |
5.61%, 09/29/26 (a)(b) | 500,000 | 500,675 |
3.20%, 10/21/26 (a) | 600,000 | 569,958 |
4.30%, 11/20/26 | 150,000 | 146,165 |
1.12%, 01/28/27 (a)(b) | 500,000 | 461,115 |
1.46%, 06/09/27 (a)(b) | 550,000 | 504,113 |
4.45%, 09/29/27 | 680,000 | 659,274 |
3.89%, 01/10/28 (a)(b) | 500,000 | 480,640 |
6.63%, 01/15/28 | 100,000 | 106,132 |
3.07%, 02/24/28 (a)(b) | 400,000 | 374,804 |
4.66%, 05/24/28 (a)(b) | 300,000 | 294,666 |
3.67%, 07/24/28 (a)(b) | 400,000 | 379,332 |
4.13%, 07/25/28 | 350,000 | 332,601 |
3.52%, 10/27/28 (a)(b) | 400,000 | 376,020 |
4.08%, 04/23/29 (a)(b) | 300,000 | 286,446 |
5.17%, 02/13/30 (a)(b) | 500,000 | 495,000 |
3.98%, 03/20/30 (a)(b) | 450,000 | 422,064 |
2.98%, 11/05/30 (a)(b) | 400,000 | 353,060 |
2.67%, 01/29/31 (a)(b) | 400,000 | 343,384 |
4.41%, 03/31/31 (a)(b) | 700,000 | 661,759 |
2.57%, 06/03/31 (a)(b) | 550,000 | 465,454 |
2.56%, 05/01/32 (a)(b) | 500,000 | 411,845 |
6.63%, 06/15/32 | 200,000 | 213,064 |
2.52%, 11/03/32 (a)(b) | 300,000 | 243,654 |
3.06%, 01/25/33 (a)(b) | 550,000 | 462,759 |
5.88%, 02/22/33 | 100,000 | 101,903 |
3.79%, 03/17/33 (a)(b) | 500,000 | 443,210 |
4.91%, 05/24/33 (a)(b) | 475,000 | 455,211 |
6.00%, 10/31/33 | 150,000 | 155,144 |
6.27%, 11/17/33 (a)(b) | 500,000 | 525,020 |
6.17%, 05/25/34 (a)(b) | 500,000 | 503,720 |
5.83%, 02/13/35 (a)(b) | 400,000 | 391,616 |
6.13%, 08/25/36 | 100,000 | 103,536 |
3.88%, 01/24/39 (a)(b) | 200,000 | 168,436 |
8.13%, 07/15/39 | 320,000 | 405,888 |
5.32%, 03/26/41 (a)(b) | 200,000 | 195,744 |
5.88%, 01/30/42 | 205,000 | 215,599 |
2.90%, 11/03/42 (a)(b) | 200,000 | 142,144 |
6.68%, 09/13/43 | 200,000 | 219,712 |
5.30%, 05/06/44 | 150,000 | 143,474 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.65%, 07/30/45 | 180,000 | 161,224 |
4.75%, 05/18/46 | 330,000 | 288,978 |
4.28%, 04/24/48 (a)(b) | 150,000 | 127,154 |
4.65%, 07/23/48 (a) | 450,000 | 401,782 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 239,768 |
3.75%, 02/18/26 (a) | 250,000 | 240,538 |
Citizens Financial Group, Inc. | ||
2.85%, 07/27/26 (a) | 150,000 | 140,336 |
5.84%, 01/23/30 (a)(b) | 250,000 | 247,088 |
3.25%, 04/30/30 (a) | 150,000 | 129,960 |
2.64%, 09/30/32 (a) | 100,000 | 75,981 |
5.64%, 05/21/37 (a)(b) | 100,000 | 91,617 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 250,000 | 224,868 |
5.98%, 01/30/30 (a)(b) | 250,000 | 245,648 |
Commonwealth Bank of Australia | ||
5.32%, 03/13/26 | 250,000 | 251,480 |
Cooperatieve Rabobank UA | ||
3.38%, 05/21/25 | 250,000 | 244,843 |
4.38%, 08/04/25 | 241,000 | 236,394 |
4.85%, 01/09/26 | 250,000 | 248,895 |
3.75%, 07/21/26 | 300,000 | 287,649 |
5.50%, 10/05/26 | 250,000 | 252,962 |
5.25%, 05/24/41 | 200,000 | 202,330 |
5.75%, 12/01/43 | 250,000 | 251,442 |
5.25%, 08/04/45 | 250,000 | 242,878 |
Credit Suisse AG | ||
2.95%, 04/09/25 | 250,000 | 242,845 |
1.25%, 08/07/26 | 250,000 | 227,130 |
5.00%, 07/09/27 | 250,000 | 247,748 |
7.50%, 02/15/28 | 400,000 | 430,924 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 150,000 | 167,616 |
Deutsche Bank AG | ||
4.50%, 04/01/25 | 250,000 | 245,475 |
4.10%, 01/13/26 | 250,000 | 244,134 |
1.69%, 03/19/26 | 200,000 | 186,428 |
6.12%, 07/14/26 (a)(b) | 200,000 | 200,460 |
2.13%, 11/24/26 (a)(b) | 350,000 | 328,279 |
7.15%, 07/13/27 (a)(b) | 250,000 | 256,770 |
2.31%, 11/16/27 (a)(b) | 250,000 | 227,213 |
2.55%, 01/07/28 (a)(b) | 250,000 | 227,903 |
6.72%, 01/18/29 (a)(b) | 300,000 | 308,286 |
6.82%, 11/20/29 (a)(b) | 250,000 | 258,662 |
5.88%, 07/08/31 (a)(b) | 200,000 | 190,774 |
3.55%, 09/18/31 (a)(b) | 350,000 | 303,614 |
3.73%, 01/14/32 (a)(b) | 200,000 | 164,368 |
3.04%, 05/28/32 (a)(b) | 150,000 | 124,050 |
4.88%, 12/01/32 (a)(b) | 200,000 | 185,230 |
3.74%, 01/07/33 (a)(b) | 200,000 | 161,136 |
7.08%, 02/10/34 (a)(b) | 200,000 | 199,822 |
Discover Bank | ||
3.45%, 07/27/26 (a) | 250,000 | 237,130 |
4.65%, 09/13/28 (a) | 250,000 | 238,873 |
Discover Financial Services | ||
3.75%, 03/04/25 (a) | 100,000 | 98,206 |
4.50%, 01/30/26 (a) | 100,000 | 98,347 |
4.10%, 02/09/27 (a) | 150,000 | 144,212 |
6.70%, 11/29/32 (a) | 150,000 | 157,113 |
7.96%, 11/02/34 (a)(b) | 150,000 | 168,177 |
Fifth Third Bancorp | ||
2.55%, 05/05/27 (a) | 150,000 | 137,783 |
1.71%, 11/01/27 (a)(b) | 150,000 | 134,688 |
3.95%, 03/14/28 (a) | 150,000 | 142,649 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.36%, 10/27/28 (a)(b) | 200,000 | 203,930 |
6.34%, 07/27/29 (a)(b) | 200,000 | 205,426 |
4.77%, 07/28/30 (a)(b) | 200,000 | 190,816 |
5.63%, 01/29/32 (a)(b) | 200,000 | 198,548 |
8.25%, 03/01/38 | 200,000 | 236,602 |
Fifth Third Bank NA | ||
3.85%, 03/15/26 (a) | 200,000 | 192,592 |
2.25%, 02/01/27 (a) | 250,000 | 229,403 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 100,000 | 96,113 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 250,000 | 234,263 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 50,000 | 48,758 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 100,000 | 101,548 |
Goldman Sachs Capital I | ||
6.35%, 02/15/34 | 150,000 | 154,017 |
Goldman Sachs Group, Inc. | ||
3.50%, 04/01/25 (a) | 650,000 | 636,675 |
3.75%, 05/22/25 (a) | 350,000 | 343,294 |
4.25%, 10/21/25 | 350,000 | 343,899 |
3.75%, 02/25/26 (a) | 300,000 | 292,566 |
5.80%, 08/10/26 (a)(b) | 400,000 | 402,288 |
3.50%, 11/16/26 (a) | 450,000 | 431,707 |
1.09%, 12/09/26 (a)(b) | 400,000 | 370,740 |
5.95%, 01/15/27 | 157,000 | 160,300 |
3.85%, 01/26/27 (a) | 500,000 | 483,250 |
1.43%, 03/09/27 (a)(b) | 550,000 | 508,513 |
4.39%, 06/15/27 (a)(b) | 150,000 | 147,293 |
1.54%, 09/10/27 (a)(b) | 500,000 | 454,885 |
1.95%, 10/21/27 (a)(b) | 750,000 | 686,992 |
2.64%, 02/24/28 (a)(b) | 500,000 | 463,355 |
3.62%, 03/15/28 (a)(b) | 500,000 | 476,890 |
3.69%, 06/05/28 (a)(b) | 400,000 | 381,676 |
4.48%, 08/23/28 (a)(b) | 450,000 | 439,231 |
3.81%, 04/23/29 (a)(b) | 450,000 | 425,358 |
4.22%, 05/01/29 (a)(b) | 600,000 | 575,550 |
6.48%, 10/24/29 (a)(b) | 500,000 | 524,205 |
2.60%, 02/07/30 (a) | 350,000 | 303,961 |
3.80%, 03/15/30 (a) | 400,000 | 372,212 |
1.99%, 01/27/32 (a)(b) | 400,000 | 320,860 |
2.62%, 04/22/32 (a)(b) | 600,000 | 499,026 |
2.38%, 07/21/32 (a)(b) | 700,000 | 570,031 |
2.65%, 10/21/32 (a)(b) | 500,000 | 412,530 |
6.13%, 02/15/33 | 150,000 | 160,944 |
3.10%, 02/24/33 (a)(b) | 600,000 | 508,908 |
6.56%, 10/24/34 (a)(b) | 250,000 | 270,287 |
6.45%, 05/01/36 | 100,000 | 106,941 |
6.75%, 10/01/37 | 1,000,000 | 1,088,350 |
4.02%, 10/31/38 (a)(b) | 400,000 | 343,096 |
4.41%, 04/23/39 (a)(b) | 300,000 | 265,962 |
6.25%, 02/01/41 | 450,000 | 486,067 |
3.21%, 04/22/42 (a)(b) | 400,000 | 297,996 |
2.91%, 07/21/42 (a)(b) | 250,000 | 177,383 |
3.44%, 02/24/43 (a)(b) | 400,000 | 304,708 |
4.80%, 07/08/44 (a) | 350,000 | 319,280 |
5.15%, 05/22/45 | 350,000 | 334,953 |
4.75%, 10/21/45 (a) | 300,000 | 274,161 |
HSBC Bank USA NA | ||
5.88%, 11/01/34 | 250,000 | 259,035 |
HSBC Holdings PLC | ||
4.25%, 08/18/25 | 200,000 | 195,938 |
4.30%, 03/08/26 | 600,000 | 587,358 |
3.00%, 03/10/26 (a)(b) | 400,000 | 388,896 |
1.65%, 04/18/26 (a)(b) | 425,000 | 405,692 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 05/25/26 | 450,000 | 436,198 |
2.10%, 06/04/26 (a)(b) | 300,000 | 287,031 |
4.29%, 09/12/26 (a)(b) | 400,000 | 392,288 |
7.34%, 11/03/26 (a)(b) | 300,000 | 308,910 |
4.38%, 11/23/26 | 309,000 | 300,790 |
1.59%, 05/24/27 (a)(b) | 350,000 | 320,512 |
5.89%, 08/14/27 (a)(b) | 400,000 | 402,716 |
2.25%, 11/22/27 (a)(b) | 400,000 | 366,524 |
4.04%, 03/13/28 (a)(b) | 400,000 | 383,552 |
4.76%, 06/09/28 (a)(b) | 450,000 | 439,605 |
5.21%, 08/11/28 (a)(b) | 400,000 | 396,284 |
2.01%, 09/22/28 (a)(b) | 350,000 | 310,348 |
7.39%, 11/03/28 (a)(b) | 400,000 | 423,688 |
6.16%, 03/09/29 (a)(b) | 250,000 | 255,592 |
4.58%, 06/19/29 (a)(b) | 400,000 | 384,992 |
2.21%, 08/17/29 (a)(b) | 400,000 | 347,452 |
5.55%, 03/04/30 (a)(b) | 250,000 | 249,880 |
4.95%, 03/31/30 | 400,000 | 391,932 |
3.97%, 05/22/30 (a)(b) | 450,000 | 417,312 |
2.85%, 06/04/31 (a)(b) | 250,000 | 212,813 |
2.36%, 08/18/31 (a)(b) | 250,000 | 205,558 |
2.80%, 05/24/32 (a)(b) | 500,000 | 413,770 |
2.87%, 11/22/32 (a)(b) | 350,000 | 288,557 |
4.76%, 03/29/33 (a)(b) | 200,000 | 183,862 |
5.40%, 08/11/33 (a)(b) | 450,000 | 442,521 |
8.11%, 11/03/33 (a)(b) | 400,000 | 450,884 |
6.25%, 03/09/34 (a)(b) | 400,000 | 415,440 |
6.55%, 06/20/34 (a)(b) | 300,000 | 305,496 |
7.40%, 11/13/34 (a)(b) | 400,000 | 428,728 |
5.72%, 03/04/35 (a)(b) | 200,000 | 199,394 |
6.50%, 05/02/36 | 400,000 | 415,448 |
6.50%, 09/15/37 | 405,000 | 421,219 |
6.80%, 06/01/38 | 400,000 | 427,866 |
6.10%, 01/14/42 | 200,000 | 218,894 |
6.33%, 03/09/44 (a)(b) | 400,000 | 420,920 |
5.25%, 03/14/44 | 200,000 | 190,624 |
HSBC USA, Inc. | ||
5.63%, 03/17/25 | 250,000 | 250,317 |
Huntington Bancshares, Inc. | ||
4.44%, 08/04/28 (a)(b) | 200,000 | 192,120 |
6.21%, 08/21/29 (a)(b) | 100,000 | 101,764 |
5.71%, 02/02/35 (a)(b) | 200,000 | 197,508 |
2.49%, 08/15/36 (a)(b) | 250,000 | 189,110 |
Huntington National Bank | ||
4.55%, 05/17/28 (a)(b) | 250,000 | 241,318 |
5.65%, 01/10/30 (a) | 250,000 | 249,185 |
ING Groep NV | ||
3.95%, 03/29/27 | 200,000 | 192,620 |
1.73%, 04/01/27 (a)(b) | 300,000 | 277,800 |
6.08%, 09/11/27 (a)(b) | 200,000 | 202,454 |
4.02%, 03/28/28 (a)(b) | 250,000 | 240,055 |
4.55%, 10/02/28 | 300,000 | 292,842 |
4.05%, 04/09/29 | 200,000 | 189,358 |
2.73%, 04/01/32 (a)(b) | 200,000 | 168,474 |
4.25%, 03/28/33 (a)(b) | 200,000 | 184,256 |
6.11%, 09/11/34 (a)(b) | 200,000 | 206,644 |
JPMorgan Chase & Co. | ||
3.90%, 07/15/25 (a) | 450,000 | 442,413 |
7.75%, 07/15/25 | 150,000 | 155,615 |
2.01%, 03/13/26 (a)(b) | 400,000 | 385,612 |
3.30%, 04/01/26 (a) | 435,000 | 419,631 |
2.08%, 04/22/26 (a)(b) | 600,000 | 577,470 |
4.08%, 04/26/26 (a)(b) | 500,000 | 492,605 |
3.20%, 06/15/26 (a) | 250,000 | 240,613 |
2.95%, 10/01/26 (a) | 550,000 | 522,945 |
7.63%, 10/15/26 | 150,000 | 159,474 |
1.05%, 11/19/26 (a)(b) | 550,000 | 511,753 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 12/15/26 | 350,000 | 341,778 |
3.96%, 01/29/27 (a)(b) | 300,000 | 292,866 |
1.04%, 02/04/27 (a)(b) | 350,000 | 322,686 |
1.58%, 04/22/27 (a)(b) | 625,000 | 577,919 |
8.00%, 04/29/27 | 150,000 | 163,233 |
1.47%, 09/22/27 (a)(b) | 500,000 | 454,500 |
4.25%, 10/01/27 | 250,000 | 244,720 |
6.07%, 10/22/27 (a)(b) | 300,000 | 305,847 |
3.63%, 12/01/27 (a) | 150,000 | 142,686 |
5.04%, 01/23/28 (a)(b) | 450,000 | 447,687 |
3.78%, 02/01/28 (a)(b) | 500,000 | 480,220 |
2.95%, 02/24/28 (a)(b) | 250,000 | 234,183 |
4.32%, 04/26/28 (a)(b) | 500,000 | 488,220 |
3.54%, 05/01/28 (a)(b) | 450,000 | 427,905 |
2.18%, 06/01/28 (a)(b) | 300,000 | 273,369 |
4.85%, 07/25/28 (a)(b) | 650,000 | 642,999 |
3.51%, 01/23/29 (a)(b) | 350,000 | 329,836 |
4.01%, 04/23/29 (a)(b) | 300,000 | 286,653 |
2.07%, 06/01/29 (a)(b) | 350,000 | 308,451 |
4.20%, 07/23/29 (a)(b) | 450,000 | 432,549 |
5.30%, 07/24/29 (a)(b) | 500,000 | 501,535 |
6.09%, 10/23/29 (a)(b) | 300,000 | 310,410 |
4.45%, 12/05/29 (a)(b) | 450,000 | 435,397 |
5.01%, 01/23/30 (a)(b) | 425,000 | 420,669 |
3.70%, 05/06/30 (a)(b) | 450,000 | 419,220 |
4.57%, 06/14/30 (a)(b) | 400,000 | 387,720 |
8.75%, 09/01/30 | 50,000 | 58,928 |
2.74%, 10/15/30 (a)(b) | 650,000 | 570,531 |
4.49%, 03/24/31 (a)(b) | 450,000 | 432,378 |
2.52%, 04/22/31 (a)(b) | 500,000 | 427,435 |
2.96%, 05/13/31 (a)(b) | 500,000 | 434,560 |
1.76%, 11/19/31 (a)(b) | 250,000 | 201,395 |
1.95%, 02/04/32 (a)(b) | 550,000 | 442,524 |
2.58%, 04/22/32 (a)(b) | 575,000 | 481,079 |
2.55%, 11/08/32 (a)(b) | 500,000 | 411,980 |
2.96%, 01/25/33 (a)(b) | 600,000 | 507,036 |
4.59%, 04/26/33 (a)(b) | 450,000 | 427,567 |
4.91%, 07/25/33 (a)(b) | 700,000 | 679,630 |
5.72%, 09/14/33 (a)(b) | 600,000 | 607,710 |
5.35%, 06/01/34 (a)(b) | 800,000 | 796,408 |
6.25%, 10/23/34 (a)(b) | 500,000 | 531,215 |
5.34%, 01/23/35 (a)(b) | 550,000 | 547,459 |
6.40%, 05/15/38 | 450,000 | 502,636 |
3.88%, 07/24/38 (a)(b) | 400,000 | 341,988 |
5.50%, 10/15/40 | 230,000 | 235,417 |
3.11%, 04/22/41 (a)(b) | 250,000 | 188,365 |
5.60%, 07/15/41 | 250,000 | 257,907 |
2.53%, 11/19/41 (a)(b) | 300,000 | 206,544 |
5.40%, 01/06/42 | 250,000 | 253,217 |
3.16%, 04/22/42 (a)(b) | 450,000 | 337,918 |
5.63%, 08/16/43 | 250,000 | 256,740 |
4.85%, 02/01/44 | 200,000 | 188,128 |
4.95%, 06/01/45 | 300,000 | 280,575 |
4.26%, 02/22/48 (a)(b) | 350,000 | 296,170 |
4.03%, 07/24/48 (a)(b) | 250,000 | 203,390 |
3.96%, 11/15/48 (a)(b) | 600,000 | 482,670 |
3.90%, 01/23/49 (a)(b) | 300,000 | 240,264 |
3.11%, 04/22/51 (a)(b) | 400,000 | 274,824 |
3.33%, 04/22/52 (a)(b) | 600,000 | 426,312 |
JPMorgan Chase Bank NA | ||
5.11%, 12/08/26 (a) | 400,000 | 400,600 |
KeyBank NA | ||
4.15%, 08/08/25 | 250,000 | 242,188 |
3.40%, 05/20/26 | 250,000 | 235,323 |
4.39%, 12/14/27 | 250,000 | 234,540 |
3.90%, 04/13/29 | 250,000 | 222,685 |
5.00%, 01/26/33 (a) | 250,000 | 228,600 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KeyCorp | ||
4.15%, 10/29/25 | 100,000 | 97,013 |
4.10%, 04/30/28 | 100,000 | 93,780 |
2.55%, 10/01/29 | 100,000 | 83,763 |
4.79%, 06/01/33 (a)(b) | 100,000 | 90,399 |
Lloyds Bank PLC | ||
3.50%, 05/14/25 | 200,000 | 195,342 |
Lloyds Banking Group PLC | ||
4.45%, 05/08/25 | 200,000 | 197,440 |
4.58%, 12/10/25 | 200,000 | 196,064 |
3.51%, 03/18/26 (a)(b) | 200,000 | 195,258 |
4.65%, 03/24/26 | 324,000 | 317,692 |
4.72%, 08/11/26 (a)(b) | 200,000 | 197,368 |
3.75%, 01/11/27 | 200,000 | 191,940 |
1.63%, 05/11/27 (a)(b) | 200,000 | 183,538 |
5.99%, 08/07/27 (a)(b) | 200,000 | 201,434 |
5.46%, 01/05/28 (a)(b) | 250,000 | 249,115 |
3.75%, 03/18/28 (a)(b) | 200,000 | 189,714 |
4.38%, 03/22/28 | 300,000 | 289,851 |
4.55%, 08/16/28 | 200,000 | 194,158 |
3.57%, 11/07/28 (a)(b) | 200,000 | 186,744 |
5.87%, 03/06/29 (a)(b) | 200,000 | 202,110 |
4.98%, 08/11/33 (a)(b) | 200,000 | 190,350 |
7.95%, 11/15/33 (a)(b) | 200,000 | 223,102 |
5.68%, 01/05/35 (a) | 450,000 | 444,496 |
5.30%, 12/01/45 | 200,000 | 186,888 |
3.37%, 12/14/46 (a)(b) | 200,000 | 136,132 |
4.34%, 01/09/48 | 300,000 | 236,319 |
M&T Bank Corp. | ||
5.05%, 01/27/34 (a)(b) | 250,000 | 229,880 |
Manufacturers & Traders Trust Co. | ||
5.40%, 11/21/25 (a) | 250,000 | 247,713 |
4.65%, 01/27/26 (a) | 250,000 | 243,543 |
4.70%, 01/27/28 (a) | 250,000 | 240,615 |
Mitsubishi UFJ Financial Group, Inc. | ||
1.41%, 07/17/25 | 350,000 | 331,646 |
3.85%, 03/01/26 | 350,000 | 341,330 |
5.54%, 04/17/26 (a)(b) | 300,000 | 299,814 |
2.76%, 09/13/26 | 200,000 | 188,628 |
3.68%, 02/22/27 | 200,000 | 192,810 |
1.54%, 07/20/27 (a)(b) | 250,000 | 228,793 |
3.29%, 07/25/27 | 250,000 | 236,540 |
1.64%, 10/13/27 (a)(b) | 250,000 | 227,883 |
2.34%, 01/19/28 (a)(b) | 200,000 | 184,692 |
3.96%, 03/02/28 | 250,000 | 240,903 |
4.08%, 04/19/28 (a)(b) | 200,000 | 193,302 |
5.02%, 07/20/28 (a)(b) | 200,000 | 198,638 |
4.05%, 09/11/28 | 250,000 | 242,200 |
5.35%, 09/13/28 (a)(b) | 200,000 | 200,626 |
3.74%, 03/07/29 | 300,000 | 283,476 |
5.24%, 04/19/29 (a)(b) | 200,000 | 200,650 |
3.20%, 07/18/29 | 200,000 | 181,734 |
2.56%, 02/25/30 | 200,000 | 173,404 |
2.05%, 07/17/30 | 250,000 | 207,753 |
2.31%, 07/20/32 (a)(b) | 200,000 | 164,020 |
2.49%, 10/13/32 (a)(b) | 200,000 | 165,496 |
2.85%, 01/19/33 (a)(b) | 200,000 | 168,892 |
4.32%, 04/19/33 (a)(b) | 200,000 | 187,270 |
5.13%, 07/20/33 (a)(b) | 300,000 | 297,003 |
5.47%, 09/13/33 (a)(b) | 200,000 | 203,312 |
5.44%, 02/22/34 (a)(b) | 200,000 | 202,540 |
5.41%, 04/19/34 (a)(b)(c) | 200,000 | 202,306 |
4.15%, 03/07/39 | 100,000 | 90,144 |
3.75%, 07/18/39 | 200,000 | 170,774 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mizuho Financial Group, Inc. | ||
2.23%, 05/25/26 (a)(b) | 200,000 | 191,938 |
2.84%, 09/13/26 | 200,000 | 188,490 |
3.66%, 02/28/27 | 200,000 | 191,532 |
1.23%, 05/22/27 (a)(b) | 250,000 | 228,528 |
1.55%, 07/09/27 (a)(b) | 250,000 | 228,995 |
3.17%, 09/11/27 | 300,000 | 280,671 |
4.02%, 03/05/28 | 200,000 | 192,386 |
5.41%, 09/13/28 (a)(b) | 200,000 | 200,990 |
5.78%, 07/06/29 (a)(b) | 300,000 | 305,736 |
5.38%, 05/26/30 (a)(b) | 200,000 | 200,094 |
3.15%, 07/16/30 (a)(b) | 200,000 | 179,616 |
5.74%, 05/27/31 (a)(b) | 200,000 | 203,322 |
2.20%, 07/10/31 (a)(b) | 250,000 | 206,955 |
1.98%, 09/08/31 (a)(b) | 250,000 | 202,800 |
2.56%, 09/13/31 | 200,000 | 162,374 |
2.26%, 07/09/32 (a)(b) | 200,000 | 161,910 |
5.67%, 09/13/33 (a)(b) | 200,000 | 203,218 |
5.75%, 05/27/34 (a)(b) | 200,000 | 204,344 |
5.75%, 07/06/34 (a)(b) | 200,000 | 204,088 |
Morgan Stanley | ||
4.00%, 07/23/25 | 424,000 | 416,805 |
5.00%, 11/24/25 | 324,000 | 322,179 |
3.88%, 01/27/26 | 550,000 | 536,717 |
2.19%, 04/28/26 (a)(b) | 550,000 | 529,402 |
4.68%, 07/17/26 (a)(b) | 350,000 | 346,405 |
3.13%, 07/27/26 | 500,000 | 476,990 |
6.25%, 08/09/26 | 212,000 | 217,058 |
4.35%, 09/08/26 | 300,000 | 293,325 |
6.14%, 10/16/26 (a)(b) | 250,000 | 253,060 |
0.99%, 12/10/26 (a)(b) | 500,000 | 461,435 |
3.63%, 01/20/27 | 450,000 | 433,984 |
5.05%, 01/28/27 (a)(b) | 250,000 | 249,197 |
3.95%, 04/23/27 | 350,000 | 337,036 |
1.59%, 05/04/27 (a)(b) | 500,000 | 461,105 |
1.51%, 07/20/27 (a)(b) | 550,000 | 503,206 |
2.48%, 01/21/28 (a)(b) | 400,000 | 370,120 |
4.21%, 04/20/28 (a)(b) | 400,000 | 387,264 |
3.59%, 07/22/28 (a)(b) | 500,000 | 473,375 |
6.30%, 10/18/28 (a)(b) | 400,000 | 413,624 |
3.77%, 01/24/29 (a)(b) | 550,000 | 520,030 |
5.12%, 02/01/29 (a)(b) | 400,000 | 397,748 |
5.16%, 04/20/29 (a)(b) | 500,000 | 497,035 |
5.45%, 07/20/29 (a)(b) | 400,000 | 401,788 |
6.41%, 11/01/29 (a)(b) | 400,000 | 417,736 |
5.17%, 01/16/30 (a)(b) | 400,000 | 397,616 |
4.43%, 01/23/30 (a)(b) | 500,000 | 480,600 |
2.70%, 01/22/31 (a)(b) | 650,000 | 563,004 |
3.62%, 04/01/31 (a)(b) | 500,000 | 454,465 |
1.79%, 02/13/32 (a)(b) | 500,000 | 396,210 |
7.25%, 04/01/32 | 180,000 | 205,245 |
1.93%, 04/28/32 (a)(b) | 450,000 | 357,484 |
2.24%, 07/21/32 (a)(b) | 650,000 | 524,745 |
2.51%, 10/20/32 (a)(b) | 450,000 | 368,865 |
2.94%, 01/21/33 (a)(b) | 400,000 | 336,088 |
4.89%, 07/20/33 (a)(b) | 400,000 | 384,380 |
6.34%, 10/18/33 (a)(b) | 550,000 | 583,440 |
5.25%, 04/21/34 (a)(b) | 550,000 | 540,226 |
5.42%, 07/21/34 (a)(b) | 400,000 | 398,188 |
6.63%, 11/01/34 (a)(b) | 350,000 | 379,967 |
5.47%, 01/18/35 (a)(b) | 450,000 | 449,676 |
2.48%, 09/16/36 (a)(b) | 500,000 | 392,950 |
5.30%, 04/20/37 (a)(b) | 350,000 | 334,974 |
5.95%, 01/19/38 (a)(b) | 300,000 | 299,367 |
3.97%, 07/22/38 (a)(b) | 300,000 | 256,188 |
5.94%, 02/07/39 (a)(b) | 250,000 | 246,355 |
4.46%, 04/22/39 (a)(b) | 200,000 | 180,704 |
3.22%, 04/22/42 (a)(b) | 350,000 | 263,760 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.38%, 07/24/42 | 375,000 | 417,244 |
4.30%, 01/27/45 | 405,000 | 351,277 |
4.38%, 01/22/47 | 400,000 | 345,368 |
5.60%, 03/24/51 (a)(b) | 350,000 | 363,237 |
2.80%, 01/25/52 (a)(b) | 350,000 | 225,320 |
Morgan Stanley Bank NA | ||
5.48%, 07/16/25 (a) | 300,000 | 301,290 |
4.75%, 04/21/26 (a) | 250,000 | 248,542 |
5.88%, 10/30/26 (a) | 250,000 | 254,657 |
4.95%, 01/14/28 (a)(b) | 250,000 | 248,687 |
National Australia Bank Ltd. | ||
4.97%, 01/12/26 | 250,000 | 249,605 |
3.38%, 01/14/26 | 250,000 | 242,675 |
2.50%, 07/12/26 | 250,000 | 236,043 |
3.91%, 06/09/27 | 250,000 | 242,430 |
4.94%, 01/12/28 | 250,000 | 250,015 |
4.90%, 06/13/28 | 250,000 | 249,577 |
4.79%, 01/10/29 | 250,000 | 248,460 |
National Bank of Canada | ||
5.60%, 12/18/28 | 250,000 | 252,585 |
NatWest Group PLC | ||
4.80%, 04/05/26 | 200,000 | 197,610 |
7.47%, 11/10/26 (a)(b) | 250,000 | 256,942 |
5.85%, 03/02/27 (a)(b) | 200,000 | 200,906 |
1.64%, 06/14/27 (a)(b) | 300,000 | 274,368 |
3.07%, 05/22/28 (a)(b) | 200,000 | 185,750 |
5.52%, 09/30/28 (a)(b) | 200,000 | 199,970 |
4.89%, 05/18/29 (a)(b) | 300,000 | 292,239 |
5.81%, 09/13/29 (a)(b) | 200,000 | 202,100 |
5.08%, 01/27/30 (a)(b) | 200,000 | 195,618 |
4.45%, 05/08/30 (a)(b) | 200,000 | 189,356 |
6.02%, 03/02/34 (a)(b) | 200,000 | 204,154 |
3.03%, 11/28/35 (a)(b) | 250,000 | 206,208 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 250,000 | 245,318 |
4.00%, 05/10/27 (a) | 100,000 | 97,163 |
3.65%, 08/03/28 (a) | 100,000 | 95,703 |
3.15%, 05/03/29 (a) | 100,000 | 92,613 |
1.95%, 05/01/30 (a) | 200,000 | 168,754 |
6.13%, 11/02/32 (a) | 200,000 | 210,440 |
PNC Bank NA | ||
3.88%, 04/10/25 (a) | 250,000 | 245,340 |
3.25%, 06/01/25 (a) | 250,000 | 243,388 |
3.10%, 10/25/27 (a) | 250,000 | 232,388 |
3.25%, 01/22/28 (a) | 250,000 | 232,353 |
4.05%, 07/26/28 | 250,000 | 236,640 |
2.70%, 10/22/29 | 250,000 | 215,585 |
PNC Financial Services Group, Inc. | ||
5.81%, 06/12/26 (a)(b) | 250,000 | 250,382 |
2.60%, 07/23/26 (a) | 100,000 | 94,061 |
1.15%, 08/13/26 (a) | 150,000 | 136,251 |
4.76%, 01/26/27 (a)(b) | 250,000 | 247,095 |
3.15%, 05/19/27 (a) | 200,000 | 188,336 |
5.35%, 12/02/28 (a)(b) | 250,000 | 250,030 |
3.45%, 04/23/29 (a) | 250,000 | 230,963 |
5.58%, 06/12/29 (a)(b) | 400,000 | 402,692 |
2.55%, 01/22/30 (a) | 300,000 | 257,721 |
2.31%, 04/23/32 (a)(b) | 200,000 | 163,100 |
4.63%, 06/06/33 (a)(b) | 150,000 | 139,125 |
6.04%, 10/28/33 (a)(b) | 250,000 | 256,857 |
5.07%, 01/24/34 (a)(b) | 250,000 | 240,395 |
5.94%, 08/18/34 (a)(b) | 150,000 | 152,892 |
6.88%, 10/20/34 (a)(b) | 300,000 | 325,386 |
5.68%, 01/22/35 (a)(b) | 250,000 | 250,820 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 200,000 | 191,632 |
1.80%, 08/12/28 (a) | 250,000 | 213,025 |
7.38%, 12/10/37 | 100,000 | 112,622 |
Royal Bank of Canada | ||
3.38%, 04/14/25 | 250,000 | 244,910 |
4.95%, 04/25/25 | 250,000 | 249,405 |
1.15%, 06/10/25 | 350,000 | 332,598 |
4.88%, 01/12/26 | 200,000 | 199,288 |
0.88%, 01/20/26 | 200,000 | 185,198 |
4.65%, 01/27/26 | 300,000 | 297,108 |
1.20%, 04/27/26 | 200,000 | 184,142 |
1.15%, 07/14/26 | 150,000 | 137,109 |
5.20%, 07/20/26 | 150,000 | 150,542 |
1.40%, 11/02/26 | 200,000 | 181,882 |
4.88%, 01/19/27 | 200,000 | 199,100 |
3.63%, 05/04/27 | 200,000 | 191,748 |
4.24%, 08/03/27 | 250,000 | 243,668 |
6.00%, 11/01/27 | 250,000 | 257,632 |
5.20%, 08/01/28 | 200,000 | 201,264 |
4.95%, 02/01/29 | 200,000 | 198,762 |
2.30%, 11/03/31 | 250,000 | 204,993 |
3.88%, 05/04/32 | 150,000 | 136,865 |
5.00%, 02/01/33 | 300,000 | 295,323 |
5.00%, 05/02/33 | 150,000 | 147,816 |
5.15%, 02/01/34 | 200,000 | 196,870 |
Santander Holdings USA, Inc. | ||
3.45%, 06/02/25 (a) | 200,000 | 193,972 |
4.50%, 07/17/25 (a) | 300,000 | 294,195 |
3.24%, 10/05/26 (a)(d) | 150,000 | 140,642 |
4.40%, 07/13/27 (a) | 150,000 | 143,814 |
2.49%, 01/06/28 (a)(b) | 150,000 | 135,705 |
6.50%, 03/09/29 (a)(b) | 200,000 | 203,188 |
6.57%, 06/12/29 (a)(b) | 100,000 | 101,902 |
6.17%, 01/09/30 (a)(b) | 200,000 | 199,532 |
7.66%, 11/09/31 (a)(b) | 100,000 | 106,977 |
Santander U.K. Group Holdings PLC | ||
1.53%, 08/21/26 (a)(b) | 200,000 | 187,464 |
6.83%, 11/21/26 (a)(b) | 200,000 | 203,034 |
1.67%, 06/14/27 (a)(b) | 300,000 | 272,871 |
3.82%, 11/03/28 (a)(b) | 250,000 | 233,460 |
6.53%, 01/10/29 (a)(b) | 200,000 | 205,202 |
2.90%, 03/15/32 (a)(b) | 200,000 | 168,688 |
State Street Corp. | ||
3.55%, 08/18/25 | 250,000 | 244,968 |
2.90%, 03/30/26 (a)(b) | 200,000 | 194,854 |
2.65%, 05/19/26 | 250,000 | 237,865 |
5.27%, 08/03/26 (a) | 150,000 | 150,546 |
5.75%, 11/04/26 (a)(b) | 200,000 | 200,946 |
2.20%, 02/07/28 (a)(b) | 100,000 | 92,107 |
5.82%, 11/04/28 (a)(b) | 100,000 | 102,369 |
5.68%, 11/21/29 (a)(b) | 100,000 | 102,266 |
4.14%, 12/03/29 (a)(b) | 100,000 | 95,906 |
2.40%, 01/24/30 | 100,000 | 87,451 |
2.20%, 03/03/31 | 200,000 | 165,532 |
3.15%, 03/30/31 (a)(b) | 100,000 | 88,989 |
2.62%, 02/07/33 (a)(b) | 100,000 | 83,096 |
4.42%, 05/13/33 (a)(b) | 100,000 | 94,441 |
4.16%, 08/04/33 (a)(b) | 100,000 | 92,465 |
4.82%, 01/26/34 (a)(b) | 150,000 | 144,725 |
5.16%, 05/18/34 (a)(b) | 200,000 | 197,746 |
3.03%, 11/01/34 (a)(b) | 100,000 | 88,297 |
6.12%, 11/21/34 (a)(b) | 100,000 | 103,450 |
Sumitomo Mitsui Banking Corp. | ||
3.65%, 07/23/25 | 250,000 | 244,508 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sumitomo Mitsui Financial Group, Inc. | ||
1.47%, 07/08/25 | 300,000 | 285,186 |
0.95%, 01/12/26 | 250,000 | 231,253 |
5.46%, 01/13/26 | 250,000 | 250,840 |
3.78%, 03/09/26 | 200,000 | 194,614 |
5.88%, 07/13/26 | 200,000 | 203,014 |
2.63%, 07/14/26 | 400,000 | 377,832 |
1.40%, 09/17/26 | 250,000 | 227,888 |
3.01%, 10/19/26 | 250,000 | 236,840 |
3.45%, 01/11/27 | 200,000 | 191,614 |
3.36%, 07/12/27 | 200,000 | 189,734 |
3.35%, 10/18/27 | 250,000 | 235,888 |
5.52%, 01/13/28 | 250,000 | 254,082 |
5.80%, 07/13/28 | 200,000 | 205,538 |
3.94%, 07/19/28 | 250,000 | 239,435 |
5.72%, 09/14/28 | 200,000 | 204,522 |
1.90%, 09/17/28 | 200,000 | 174,132 |
4.31%, 10/16/28 | 100,000 | 97,959 |
2.47%, 01/14/29 | 200,000 | 177,988 |
3.04%, 07/16/29 | 400,000 | 359,740 |
3.20%, 09/17/29 | 100,000 | 90,101 |
2.72%, 09/27/29 | 200,000 | 176,416 |
5.71%, 01/13/30 | 200,000 | 205,178 |
2.75%, 01/15/30 | 200,000 | 174,994 |
2.13%, 07/08/30 | 300,000 | 249,765 |
5.85%, 07/13/30 | 200,000 | 206,168 |
2.14%, 09/23/30 | 150,000 | 123,386 |
1.71%, 01/12/31 | 200,000 | 159,456 |
2.22%, 09/17/31 | 200,000 | 162,546 |
5.77%, 01/13/33 | 250,000 | 258,312 |
5.78%, 07/13/33 | 200,000 | 207,130 |
2.93%, 09/17/41 | 150,000 | 111,647 |
3.05%, 01/14/42 | 200,000 | 151,116 |
6.18%, 07/13/43 | 200,000 | 219,430 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 247,210 |
Synchrony Financial | ||
4.50%, 07/23/25 (a) | 250,000 | 244,415 |
3.70%, 08/04/26 (a) | 200,000 | 188,836 |
3.95%, 12/01/27 (a) | 200,000 | 185,360 |
5.15%, 03/19/29 (a) | 150,000 | 143,232 |
2.88%, 10/28/31 (a) | 100,000 | 78,483 |
Synovus Financial Corp. | ||
5.20%, 08/11/25 (a) | 100,000 | 98,373 |
Toronto-Dominion Bank | ||
3.77%, 06/06/25 | 300,000 | 294,705 |
1.15%, 06/12/25 | 250,000 | 237,323 |
0.75%, 09/11/25 | 200,000 | 187,450 |
0.75%, 01/06/26 | 200,000 | 185,024 |
1.20%, 06/03/26 | 250,000 | 229,483 |
5.53%, 07/17/26 | 300,000 | 302,775 |
1.25%, 09/10/26 | 300,000 | 273,396 |
1.95%, 01/12/27 | 100,000 | 92,059 |
2.80%, 03/10/27 | 250,000 | 234,550 |
4.11%, 06/08/27 | 200,000 | 194,222 |
4.69%, 09/15/27 | 300,000 | 296,679 |
5.16%, 01/10/28 | 250,000 | 250,935 |
5.52%, 07/17/28 | 200,000 | 203,304 |
2.00%, 09/10/31 | 150,000 | 122,268 |
3.63%, 09/15/31 (a)(b) | 300,000 | 286,704 |
2.45%, 01/12/32 | 100,000 | 82,804 |
3.20%, 03/10/32 | 250,000 | 218,463 |
4.46%, 06/08/32 | 300,000 | 286,104 |
Truist Bank | ||
1.50%, 03/10/25 (a) | 300,000 | 288,336 |
3.63%, 09/16/25 (a) | 241,000 | 233,895 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.05%, 11/03/25 (a) | 200,000 | 195,830 |
2.25%, 03/11/30 (a) | 250,000 | 205,530 |
Truist Financial Corp. | ||
4.00%, 05/01/25 (a) | 200,000 | 196,442 |
1.20%, 08/05/25 (a) | 200,000 | 188,168 |
4.26%, 07/28/26 (a)(b) | 300,000 | 293,919 |
1.27%, 03/02/27 (a)(b) | 200,000 | 183,672 |
6.05%, 06/08/27 (a)(b) | 300,000 | 303,030 |
1.13%, 08/03/27 (a) | 250,000 | 217,718 |
4.12%, 06/06/28 (a)(b) | 150,000 | 144,231 |
4.87%, 01/26/29 (a)(b) | 250,000 | 243,585 |
3.88%, 03/19/29 (a) | 100,000 | 92,168 |
1.89%, 06/07/29 (a)(b) | 250,000 | 214,953 |
7.16%, 10/30/29 (a)(b) | 300,000 | 317,925 |
5.44%, 01/24/30 (a)(b) | 250,000 | 247,635 |
1.95%, 06/05/30 (a) | 100,000 | 81,826 |
4.92%, 07/28/33 (a)(b) | 200,000 | 183,950 |
6.12%, 10/28/33 (a)(b) | 150,000 | 152,702 |
5.12%, 01/26/34 (a)(b) | 250,000 | 237,395 |
5.87%, 06/08/34 (a)(b) | 300,000 | 300,279 |
5.71%, 01/24/35 (a)(b) | 350,000 | 347,182 |
U.S. Bancorp | ||
1.45%, 05/12/25 (a) | 300,000 | 287,133 |
3.10%, 04/27/26 (a) | 250,000 | 238,848 |
2.38%, 07/22/26 (a) | 200,000 | 187,490 |
5.73%, 10/21/26 (a)(b) | 200,000 | 200,902 |
3.15%, 04/27/27 (a) | 300,000 | 283,371 |
2.22%, 01/27/28 (a)(b) | 250,000 | 229,110 |
3.90%, 04/26/28 (a) | 250,000 | 239,480 |
4.55%, 07/22/28 (a)(b) | 250,000 | 244,190 |
4.65%, 02/01/29 (a)(b) | 300,000 | 291,786 |
5.78%, 06/12/29 (a)(b) | 300,000 | 303,207 |
3.00%, 07/30/29 (a) | 150,000 | 132,972 |
5.38%, 01/23/30 (a)(b) | 250,000 | 248,670 |
1.38%, 07/22/30 (a) | 250,000 | 198,303 |
2.68%, 01/27/33 (a)(b) | 150,000 | 122,697 |
4.97%, 07/22/33 (a)(b) | 200,000 | 187,262 |
5.85%, 10/21/33 (a)(b) | 250,000 | 252,900 |
4.84%, 02/01/34 (a)(b) | 350,000 | 329,763 |
5.84%, 06/12/34 (a)(b) | 300,000 | 302,616 |
5.68%, 01/23/35 (a)(b) | 400,000 | 399,472 |
2.49%, 11/03/36 (a)(b) | 250,000 | 193,500 |
UBS AG | ||
5.80%, 09/11/25 | 200,000 | 201,450 |
1.25%, 06/01/26 | 200,000 | 183,462 |
5.65%, 09/11/28 | 250,000 | 255,122 |
4.50%, 06/26/48 | 200,000 | 183,280 |
UBS Group AG | ||
3.75%, 03/26/25 | 500,000 | 489,720 |
4.55%, 04/17/26 | 250,000 | 245,653 |
4.88%, 05/15/45 | 250,000 | 231,023 |
Wachovia Corp. | ||
5.50%, 08/01/35 | 230,000 | 226,320 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 50,000 | 45,512 |
Wells Fargo & Co. | ||
3.55%, 09/29/25 | 350,000 | 341,033 |
6.00%, 10/28/25 (a) | 100,000 | 99,762 |
3.00%, 04/22/26 | 600,000 | 572,628 |
3.91%, 04/25/26 (a)(b) | 500,000 | 490,425 |
2.19%, 04/30/26 (a)(b) | 550,000 | 527,807 |
4.10%, 06/03/26 | 450,000 | 438,228 |
4.54%, 08/15/26 (a)(b) | 300,000 | 295,944 |
3.00%, 10/23/26 | 550,000 | 519,948 |
3.20%, 06/17/27 (a)(b) | 400,000 | 380,884 |
4.30%, 07/22/27 | 380,000 | 368,972 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.53%, 03/24/28 (a)(b) | 725,000 | 687,626 |
3.58%, 05/22/28 (a)(b) | 500,000 | 473,885 |
2.39%, 06/02/28 (a)(b) | 550,000 | 501,891 |
4.81%, 07/25/28 (a)(b) | 500,000 | 491,400 |
4.15%, 01/24/29 (a) | 475,000 | 454,964 |
5.57%, 07/25/29 (a)(b) | 750,000 | 755,557 |
6.30%, 10/23/29 (a)(b) | 450,000 | 466,506 |
7.95%, 11/15/29 | 100,000 | 111,461 |
5.20%, 01/23/30 (a)(b) | 500,000 | 495,855 |
2.88%, 10/30/30 (a)(b) | 600,000 | 526,440 |
2.57%, 02/11/31 (a)(b) | 550,000 | 469,447 |
4.48%, 04/04/31 (a)(b) | 400,000 | 380,920 |
3.35%, 03/02/33 (a)(b) | 700,000 | 601,559 |
4.90%, 07/25/33 (a)(b) | 750,000 | 717,952 |
5.39%, 04/24/34 (a)(b) | 650,000 | 639,964 |
5.56%, 07/25/34 (a)(b) | 750,000 | 747,660 |
6.49%, 10/23/34 (a)(b) | 500,000 | 532,000 |
5.50%, 01/23/35 (a)(b) | 500,000 | 497,000 |
5.38%, 02/07/35 | 100,000 | 101,124 |
3.07%, 04/30/41 (a)(b) | 550,000 | 407,126 |
5.38%, 11/02/43 | 300,000 | 286,569 |
5.61%, 01/15/44 | 450,000 | 437,949 |
4.65%, 11/04/44 | 300,000 | 258,870 |
3.90%, 05/01/45 | 330,000 | 264,558 |
4.90%, 11/17/45 | 350,000 | 310,768 |
4.40%, 06/14/46 | 300,000 | 246,861 |
4.75%, 12/07/46 | 375,000 | 324,607 |
5.01%, 04/04/51 (a)(b) | 950,000 | 879,975 |
4.61%, 04/25/53 (a)(b) | 525,000 | 458,566 |
5.95%, 12/01/86 | 150,000 | 153,060 |
Wells Fargo Bank NA | ||
5.55%, 08/01/25 (a) | 350,000 | 351,533 |
4.81%, 01/15/26 (a) | 400,000 | 398,048 |
5.45%, 08/07/26 (a) | 400,000 | 403,612 |
5.25%, 12/11/26 (a) | 350,000 | 351,347 |
5.85%, 02/01/37 | 250,000 | 256,090 |
6.60%, 01/15/38 | 250,000 | 269,802 |
Westpac Banking Corp. | ||
3.74%, 08/26/25 | 200,000 | 196,204 |
5.51%, 11/17/25 | 200,000 | 201,604 |
2.85%, 05/13/26 | 200,000 | 191,150 |
1.15%, 06/03/26 | 250,000 | 229,800 |
2.70%, 08/19/26 | 100,000 | 94,873 |
3.35%, 03/08/27 | 150,000 | 143,504 |
4.04%, 08/26/27 | 200,000 | 195,794 |
5.46%, 11/18/27 | 200,000 | 203,468 |
3.40%, 01/25/28 | 250,000 | 236,935 |
5.54%, 11/17/28 | 250,000 | 256,062 |
1.95%, 11/20/28 | 200,000 | 175,546 |
2.65%, 01/16/30 | 100,000 | 88,751 |
2.15%, 06/03/31 | 250,000 | 207,428 |
4.32%, 11/23/31 (a)(b) | 250,000 | 240,153 |
5.41%, 08/10/33 (a)(b) | 150,000 | 146,934 |
4.11%, 07/24/34 (a)(b) | 250,000 | 228,600 |
2.67%, 11/15/35 (a)(b) | 250,000 | 203,945 |
3.02%, 11/18/36 (a)(b) | 200,000 | 162,894 |
4.42%, 07/24/39 | 200,000 | 173,714 |
2.96%, 11/16/40 | 200,000 | 136,930 |
3.13%, 11/18/41 | 200,000 | 138,352 |
263,595,321 | ||
Brokerage/Asset Managers/Exchanges 0.3% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 150,000 | 132,281 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ameriprise Financial, Inc. | ||
3.00%, 04/02/25 (a) | 50,000 | 48,713 |
2.88%, 09/15/26 (a) | 200,000 | 189,938 |
4.50%, 05/13/32 (a) | 100,000 | 96,089 |
5.15%, 05/15/33 (a) | 150,000 | 150,265 |
Apollo Global Management, Inc. | ||
6.38%, 11/15/33 (a) | 100,000 | 107,366 |
Ares Management Corp | ||
6.38%, 11/10/28 (a) | 100,000 | 103,980 |
BGC Group, Inc. | ||
8.00%, 05/25/28 (a) | 75,000 | 79,289 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 100,000 | 95,671 |
3.25%, 04/30/29 (a) | 150,000 | 140,715 |
2.40%, 04/30/30 (a) | 200,000 | 174,462 |
1.90%, 01/28/31 (a) | 250,000 | 206,987 |
2.10%, 02/25/32 (a) | 200,000 | 163,036 |
4.75%, 05/25/33 (a) | 200,000 | 196,362 |
Brookfield Capital Finance LLC | ||
6.09%, 06/14/33 (a) | 75,000 | 77,495 |
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. | ||
2.34%, 01/30/32 (a) | 125,000 | 100,394 |
Brookfield Finance LLC/Brookfield Finance, Inc. | ||
3.45%, 04/15/50 (a) | 100,000 | 69,576 |
Brookfield Finance, Inc. | ||
4.25%, 06/02/26 (a) | 100,000 | 98,259 |
3.90%, 01/25/28 (a) | 150,000 | 143,929 |
4.85%, 03/29/29 (a) | 150,000 | 147,955 |
4.35%, 04/15/30 (a) | 150,000 | 142,201 |
2.72%, 04/15/31 (a) | 100,000 | 84,211 |
6.35%, 01/05/34 (a) | 100,000 | 105,229 |
4.70%, 09/20/47 (a) | 100,000 | 84,958 |
3.50%, 03/30/51 (a) | 150,000 | 106,751 |
3.63%, 02/15/52 (a) | 100,000 | 71,620 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 100,000 | 96,838 |
1.63%, 12/15/30 (a) | 200,000 | 162,418 |
Charles Schwab Corp. | ||
3.00%, 03/10/25 (a)(e) | 50,000 | 48,842 |
4.20%, 03/24/25 (a)(e) | 50,000 | 49,456 |
3.63%, 04/01/25 (a)(e) | 50,000 | 49,061 |
3.85%, 05/21/25 (a)(e) | 100,000 | 98,149 |
3.45%, 02/13/26 (a)(e) | 50,000 | 48,407 |
0.90%, 03/11/26 (a)(e) | 200,000 | 183,480 |
1.15%, 05/13/26 (a)(e) | 150,000 | 137,672 |
5.88%, 08/24/26 (a)(e) | 150,000 | 152,392 |
3.20%, 03/02/27 (a)(e) | 100,000 | 94,938 |
2.45%, 03/03/27 (a)(e) | 240,000 | 222,526 |
3.30%, 04/01/27 (a)(e) | 100,000 | 95,025 |
3.20%, 01/25/28 (a)(e) | 100,000 | 93,656 |
2.00%, 03/20/28 (a)(e) | 200,000 | 177,388 |
4.00%, 02/01/29 (a)(e) | 50,000 | 47,984 |
5.64%, 05/19/29 (a)(b)(e) | 190,000 | 192,510 |
3.25%, 05/22/29 (a)(e) | 75,000 | 69,199 |
2.75%, 10/01/29 (a)(e) | 50,000 | 44,441 |
6.20%, 11/17/29 (a)(b)(e) | 175,000 | 180,777 |
4.63%, 03/22/30 (a)(e) | 50,000 | 49,416 |
1.65%, 03/11/31 (a)(e) | 100,000 | 79,221 |
2.30%, 05/13/31 (a)(e) | 100,000 | 82,896 |
1.95%, 12/01/31 (a)(e) | 125,000 | 99,300 |
2.90%, 03/03/32 (a)(e) | 150,000 | 127,112 |
5.85%, 05/19/34 (a)(b)(e) | 200,000 | 203,152 |
6.14%, 08/24/34 (a)(b)(e) | 200,000 | 207,612 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 200,000 | 159,542 |
4.10%, 06/15/51 (a) | 150,000 | 88,985 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 195,426 |
2.65%, 03/15/32 (a) | 200,000 | 171,594 |
5.30%, 09/15/43 (a) | 200,000 | 202,614 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 50,000 | 47,641 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 97,456 |
1.60%, 10/30/30 (a) | 150,000 | 121,161 |
2.95%, 08/12/51 (a) | 100,000 | 61,743 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 250,000 | 245,175 |
3.75%, 12/01/25 (a) | 250,000 | 243,820 |
3.10%, 09/15/27 (a) | 100,000 | 93,992 |
4.00%, 09/15/27 (a) | 200,000 | 193,206 |
3.75%, 09/21/28 (a) | 100,000 | 95,489 |
4.35%, 06/15/29 (a) | 150,000 | 145,704 |
2.10%, 06/15/30 (a) | 250,000 | 209,882 |
1.85%, 09/15/32 (a) | 250,000 | 193,092 |
4.60%, 03/15/33 (a) | 200,000 | 191,450 |
2.65%, 09/15/40 (a) | 250,000 | 177,277 |
4.25%, 09/21/48 (a) | 150,000 | 127,145 |
3.00%, 06/15/50 (a) | 225,000 | 151,294 |
4.95%, 06/15/52 (a) | 250,000 | 234,032 |
3.00%, 09/15/60 (a) | 250,000 | 155,445 |
5.20%, 06/15/62 (a) | 200,000 | 193,068 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 130,000 | 126,398 |
5.38%, 11/30/43 | 100,000 | 96,789 |
Janus Henderson U.S. Holdings, Inc. | ||
4.88%, 08/01/25 (a) | 100,000 | 98,921 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 150,000 | 149,058 |
6.45%, 06/08/27 | 100,000 | 103,140 |
5.88%, 07/21/28 (a) | 200,000 | 203,986 |
4.15%, 01/23/30 | 100,000 | 93,084 |
2.63%, 10/15/31 (a) | 200,000 | 163,714 |
2.75%, 10/15/32 (a) | 100,000 | 80,793 |
6.25%, 01/15/36 | 100,000 | 102,892 |
6.50%, 01/20/43 | 50,000 | 52,188 |
Lazard Group LLC | ||
4.50%, 09/19/28 (a) | 150,000 | 143,973 |
4.38%, 03/11/29 (a) | 150,000 | 143,074 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 100,000 | 99,372 |
5.63%, 01/15/44 | 75,000 | 75,351 |
LPL Holdings, Inc. | ||
6.75%, 11/17/28 (a) | 150,000 | 156,613 |
Nasdaq, Inc. | ||
5.65%, 06/28/25 | 100,000 | 100,337 |
3.85%, 06/30/26 (a) | 150,000 | 145,629 |
5.35%, 06/28/28 (a) | 175,000 | 176,813 |
5.55%, 02/15/34 (a) | 200,000 | 201,472 |
2.50%, 12/21/40 (a) | 150,000 | 99,506 |
3.25%, 04/28/50 (a) | 100,000 | 68,181 |
3.95%, 03/07/52 (a) | 100,000 | 76,108 |
5.95%, 08/15/53 (a) | 125,000 | 128,790 |
6.10%, 06/28/63 (a) | 100,000 | 104,120 |
Nomura Holdings, Inc. | ||
5.10%, 07/03/25 | 200,000 | 198,388 |
1.85%, 07/16/25 | 200,000 | 189,952 |
5.71%, 01/09/26 | 200,000 | 200,446 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.65%, 07/14/26 | 200,000 | 182,992 |
2.33%, 01/22/27 | 250,000 | 229,225 |
6.07%, 07/12/28 | 200,000 | 204,880 |
2.17%, 07/14/28 | 200,000 | 174,416 |
3.10%, 01/16/30 | 200,000 | 175,752 |
2.68%, 07/16/30 | 300,000 | 253,779 |
2.61%, 07/14/31 | 200,000 | 164,562 |
3.00%, 01/22/32 | 200,000 | 166,718 |
6.18%, 01/18/33 | 200,000 | 209,796 |
6.09%, 07/12/33 (c) | 200,000 | 208,840 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 100,000 | 98,938 |
4.95%, 07/15/46 | 150,000 | 138,060 |
3.75%, 04/01/51 (a) | 150,000 | 111,344 |
Stifel Financial Corp. | ||
4.00%, 05/15/30 (a) | 100,000 | 90,420 |
15,996,643 | ||
Finance Companies 0.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
6.50%, 07/15/25 (a) | 150,000 | 151,408 |
4.45%, 10/01/25 (a) | 150,000 | 147,177 |
1.75%, 01/30/26 (a) | 250,000 | 232,305 |
4.45%, 04/03/26 (a) | 150,000 | 147,049 |
2.45%, 10/29/26 (a) | 600,000 | 553,788 |
6.10%, 01/15/27 (a) | 150,000 | 151,975 |
6.45%, 04/15/27 (a)(d) | 200,000 | 204,814 |
3.65%, 07/21/27 (a) | 250,000 | 235,422 |
4.63%, 10/15/27 (a) | 150,000 | 145,350 |
5.75%, 06/06/28 (a) | 200,000 | 201,698 |
3.00%, 10/29/28 (a) | 600,000 | 539,244 |
6.15%, 09/30/30 (a) | 150,000 | 155,068 |
3.30%, 01/30/32 (a) | 700,000 | 592,872 |
3.40%, 10/29/33 (a) | 300,000 | 249,699 |
5.30%, 01/19/34 (a) | 150,000 | 144,984 |
3.85%, 10/29/41 (a) | 300,000 | 232,179 |
Air Lease Corp. | ||
3.25%, 03/01/25 (a) | 150,000 | 146,505 |
3.38%, 07/01/25 (a) | 125,000 | 121,478 |
2.88%, 01/15/26 (a) | 150,000 | 143,114 |
3.75%, 06/01/26 (a) | 150,000 | 144,581 |
1.88%, 08/15/26 (a) | 250,000 | 229,652 |
2.20%, 01/15/27 (a) | 150,000 | 137,463 |
3.63%, 04/01/27 (a) | 100,000 | 94,977 |
3.63%, 12/01/27 (a) | 150,000 | 140,510 |
5.85%, 12/15/27 (a) | 150,000 | 151,788 |
4.63%, 10/01/28 (a) | 100,000 | 96,649 |
5.10%, 03/01/29 (a) | 150,000 | 147,607 |
3.25%, 10/01/29 (a) | 100,000 | 89,163 |
3.00%, 02/01/30 (a) | 100,000 | 86,992 |
3.13%, 12/01/30 (a) | 150,000 | 129,306 |
2.88%, 01/15/32 (a) | 150,000 | 124,635 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 100,000 | 96,962 |
Ares Capital Corp. | ||
5.88%, 03/01/29 (a) | 150,000 | 146,716 |
ARES Capital Corp. | ||
4.25%, 03/01/25 (a) | 100,000 | 98,073 |
3.25%, 07/15/25 (a) | 250,000 | 240,240 |
3.88%, 01/15/26 (a) | 200,000 | 191,946 |
2.15%, 07/15/26 (a) | 150,000 | 136,319 |
7.00%, 01/15/27 | 100,000 | 101,997 |
2.88%, 06/15/27 (a) | 100,000 | 90,886 |
2.88%, 06/15/28 (a) | 200,000 | 175,270 |
3.20%, 11/15/31 (a) | 150,000 | 122,481 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Bain Capital Specialty Finance, Inc. | ||
2.55%, 10/13/26 (a) | 100,000 | 91,091 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 100,000 | 91,366 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 100,000 | 93,509 |
Blackstone Private Credit Fund | ||
4.70%, 03/24/25 | 150,000 | 147,733 |
7.05%, 09/29/25 | 150,000 | 152,004 |
2.63%, 12/15/26 (a) | 200,000 | 180,774 |
3.25%, 03/15/27 (a) | 200,000 | 183,012 |
7.30%, 11/27/28 (a)(d) | 75,000 | 77,404 |
4.00%, 01/15/29 (a) | 100,000 | 90,983 |
6.25%, 01/25/31 (a)(d) | 75,000 | 74,213 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 150,000 | 143,088 |
2.75%, 09/16/26 (a) | 150,000 | 137,648 |
2.85%, 09/30/28 (a) | 200,000 | 174,042 |
Blue Owl Capital Corp. | ||
3.75%, 07/22/25 (a) | 100,000 | 96,397 |
4.25%, 01/15/26 (a) | 150,000 | 144,515 |
3.40%, 07/15/26 (a) | 200,000 | 186,324 |
2.63%, 01/15/27 (a) | 100,000 | 90,646 |
2.88%, 06/11/28 (a) | 150,000 | 131,229 |
5.95%, 03/15/29 (a) | 100,000 | 97,720 |
Blue Owl Capital Corp. II | ||
8.45%, 11/15/26 (a)(d) | 50,000 | 51,325 |
Blue Owl Capital Corp. III | ||
3.13%, 04/13/27 (a) | 75,000 | 67,824 |
Blue Owl Credit Income Corp. | ||
3.13%, 09/23/26 (a) | 100,000 | 91,102 |
4.70%, 02/08/27 (a) | 100,000 | 94,210 |
7.75%, 09/16/27 (a) | 100,000 | 102,345 |
7.95%, 06/13/28 (a)(d) | 125,000 | 128,933 |
7.75%, 01/15/29 (a)(d) | 100,000 | 102,227 |
6.65%, 03/15/31 (a)(d) | 150,000 | 145,282 |
Blue Owl Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 100,000 | 88,148 |
FS KKR Capital Corp. | ||
3.40%, 01/15/26 (a) | 150,000 | 141,935 |
2.63%, 01/15/27 (a) | 100,000 | 90,558 |
3.13%, 10/12/28 (a) | 150,000 | 129,656 |
7.88%, 01/15/29 (a) | 100,000 | 103,502 |
GATX Corp. | ||
3.25%, 09/15/26 (a) | 100,000 | 95,361 |
3.85%, 03/30/27 (a) | 150,000 | 144,053 |
3.50%, 03/15/28 (a) | 150,000 | 140,807 |
4.70%, 04/01/29 (a) | 150,000 | 146,758 |
4.00%, 06/30/30 (a) | 100,000 | 92,847 |
1.90%, 06/01/31 (a) | 100,000 | 78,849 |
4.90%, 03/15/33 (a) | 75,000 | 71,789 |
6.90%, 05/01/34 (a) | 100,000 | 108,866 |
5.20%, 03/15/44 (a) | 75,000 | 68,718 |
3.10%, 06/01/51 (a) | 100,000 | 64,431 |
Goldman Sachs BDC, Inc. | ||
2.88%, 01/15/26 (a) | 100,000 | 95,191 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 200,000 | 182,304 |
7.05%, 12/05/28 (a) | 75,000 | 76,467 |
6.00%, 07/15/29 (a) | 100,000 | 97,182 |
Hercules Capital, Inc. | ||
3.38%, 01/20/27 (a) | 100,000 | 90,754 |
HPS Corporate Lending Fund | ||
6.75%, 01/30/29 (a)(d) | 100,000 | 99,091 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Main Street Capital Corp. | ||
3.00%, 07/14/26 (a) | 100,000 | 92,422 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 100,000 | 95,632 |
New Mountain Finance Corp. | ||
6.88%, 02/01/29 (a) | 75,000 | 73,469 |
Oaktree Specialty Lending Corp. | ||
2.70%, 01/15/27 (a) | 50,000 | 44,659 |
Oaktree Strategic Credit Fund | ||
8.40%, 11/14/28 (a)(d) | 75,000 | 78,848 |
Prospect Capital Corp. | ||
3.36%, 11/15/26 (a) | 100,000 | 90,274 |
3.44%, 10/15/28 (a) | 100,000 | 85,171 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 100,000 | 92,021 |
13,497,051 | ||
Financial Other 0.0% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 100,000 | 88,153 |
ORIX Corp. | ||
3.70%, 07/18/27 | 100,000 | 95,695 |
2.25%, 03/09/31 | 100,000 | 83,813 |
5.20%, 09/13/32 | 200,000 | 202,500 |
470,161 | ||
Insurance 1.1% | ||
Aegon Ltd. | ||
5.50%, 04/11/48 (a)(b) | 200,000 | 192,158 |
Aetna, Inc. | ||
6.63%, 06/15/36 | 100,000 | 109,005 |
6.75%, 12/15/37 | 150,000 | 164,398 |
4.50%, 05/15/42 (a) | 100,000 | 85,157 |
4.13%, 11/15/42 (a) | 100,000 | 79,976 |
4.75%, 03/15/44 (a) | 50,000 | 43,251 |
3.88%, 08/15/47 (a) | 150,000 | 111,890 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 100,000 | 92,397 |
3.60%, 04/01/30 (a) | 250,000 | 231,987 |
4.75%, 01/15/49 (a) | 100,000 | 90,616 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 100,000 | 93,072 |
3.25%, 08/15/51 (a) | 100,000 | 70,022 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 97,237 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 138,468 |
3.28%, 12/15/26 (a) | 100,000 | 95,286 |
5.25%, 03/30/33 (a) | 150,000 | 149,580 |
5.35%, 06/01/33 | 100,000 | 100,620 |
5.55%, 05/09/35 | 150,000 | 152,317 |
4.50%, 06/15/43 | 50,000 | 43,620 |
4.20%, 12/15/46 (a) | 100,000 | 81,943 |
3.85%, 08/10/49 (a) | 100,000 | 77,742 |
6.50%, 05/15/67 (a)(b) | 100,000 | 101,022 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 90,000 | 86,776 |
American Financial Group, Inc. | ||
4.50%, 06/15/47 (a) | 100,000 | 82,099 |
American International Group, Inc. | ||
3.40%, 06/30/30 (a) | 150,000 | 135,483 |
5.13%, 03/27/33 (a) | 150,000 | 148,060 |
3.88%, 01/15/35 (a) | 78,000 | 68,699 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.25%, 05/01/36 | 50,000 | 51,926 |
4.50%, 07/16/44 (a) | 145,000 | 128,139 |
4.80%, 07/10/45 (a) | 100,000 | 91,683 |
4.75%, 04/01/48 (a) | 200,000 | 182,810 |
5.75%, 04/01/48 (a)(b) | 100,000 | 98,331 |
4.38%, 06/30/50 (a) | 200,000 | 171,850 |
Aon Corp. | ||
4.50%, 12/15/28 (a) | 100,000 | 97,727 |
3.75%, 05/02/29 (a) | 150,000 | 140,793 |
2.80%, 05/15/30 (a) | 200,000 | 174,072 |
6.25%, 09/30/40 | 50,000 | 53,135 |
Aon Corp./Aon Global Holdings PLC | ||
2.85%, 05/28/27 (a) | 100,000 | 93,248 |
2.05%, 08/23/31 (a) | 100,000 | 80,245 |
2.60%, 12/02/31 (a) | 100,000 | 83,184 |
5.35%, 02/28/33 (a) | 100,000 | 99,878 |
2.90%, 08/23/51 (a) | 100,000 | 62,405 |
3.90%, 02/28/52 (a) | 125,000 | 94,791 |
Aon Global Ltd. | ||
3.88%, 12/15/25 (a) | 200,000 | 195,024 |
4.60%, 06/14/44 (a) | 150,000 | 129,699 |
4.75%, 05/15/45 (a) | 100,000 | 88,415 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 100,000 | 96,701 |
5.03%, 12/15/46 (a) | 100,000 | 92,128 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 200,000 | 147,512 |
Arch Capital Group U.S., Inc. | ||
5.14%, 11/01/43 | 85,000 | 79,390 |
Arthur J Gallagher & Co. | ||
2.40%, 11/09/31 (a) | 100,000 | 81,122 |
6.50%, 02/15/34 (a) | 100,000 | 106,930 |
5.45%, 07/15/34 (a) | 2,000 | 1,994 |
3.50%, 05/20/51 (a) | 150,000 | 104,415 |
3.05%, 03/09/52 (a) | 100,000 | 63,624 |
5.75%, 03/02/53 (a) | 100,000 | 98,648 |
6.75%, 02/15/54 (a) | 100,000 | 112,350 |
5.75%, 07/15/54 (a) | 75,000 | 74,434 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 100,000 | 98,001 |
3.70%, 02/22/30 (a) | 100,000 | 89,469 |
Assured Guaranty U.S. Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 200,000 | 175,274 |
3.60%, 09/15/51 (a) | 50,000 | 35,244 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 100,000 | 95,827 |
6.15%, 04/03/30 (a) | 100,000 | 103,037 |
3.50%, 01/15/31 (a) | 100,000 | 87,036 |
6.65%, 02/01/33 (a) | 100,000 | 104,763 |
5.88%, 01/15/34 (a) | 100,000 | 99,396 |
3.95%, 05/25/51 (a) | 100,000 | 73,137 |
3.45%, 05/15/52 (a) | 50,000 | 32,728 |
AXA SA | ||
8.60%, 12/15/30 | 100,000 | 118,500 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 100,000 | 94,080 |
4.90%, 01/15/40 (a)(b) | 50,000 | 44,298 |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a) | 150,000 | 140,519 |
1.85%, 03/12/30 (a) | 100,000 | 85,030 |
1.45%, 10/15/30 (a) | 150,000 | 122,460 |
2.88%, 03/15/32 (a) | 200,000 | 174,848 |
5.75%, 01/15/40 | 200,000 | 215,394 |
4.40%, 05/15/42 | 100,000 | 92,470 |
4.30%, 05/15/43 | 150,000 | 134,418 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 08/15/48 (a) | 400,000 | 348,856 |
4.25%, 01/15/49 (a) | 350,000 | 308,675 |
2.85%, 10/15/50 (a) | 300,000 | 198,234 |
2.50%, 01/15/51 (a) | 100,000 | 61,935 |
3.85%, 03/15/52 (a) | 450,000 | 357,286 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 350,000 | 338,408 |
4.50%, 02/11/43 | 100,000 | 94,453 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 150,000 | 141,504 |
5.63%, 05/15/30 (a) | 150,000 | 149,304 |
4.70%, 06/22/47 (a) | 100,000 | 77,623 |
3.85%, 12/22/51 (a) | 75,000 | 48,806 |
Brown & Brown, Inc. | ||
2.38%, 03/15/31 (a) | 150,000 | 122,715 |
4.20%, 03/17/32 (a) | 100,000 | 90,928 |
4.95%, 03/17/52 (a) | 100,000 | 86,510 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 400,000 | 381,496 |
2.45%, 07/15/28 (a) | 400,000 | 353,124 |
4.63%, 12/15/29 (a) | 600,000 | 568,566 |
3.38%, 02/15/30 (a) | 350,000 | 309,057 |
3.00%, 10/15/30 (a) | 400,000 | 341,948 |
2.50%, 03/01/31 (a) | 400,000 | 328,092 |
2.63%, 08/01/31 (a) | 200,000 | 163,784 |
Chubb Corp. | ||
6.50%, 05/15/38 | 100,000 | 112,585 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 150,000 | 146,677 |
3.35%, 05/03/26 (a) | 300,000 | 289,287 |
1.38%, 09/15/30 (a) | 250,000 | 202,472 |
4.15%, 03/13/43 | 200,000 | 175,166 |
4.35%, 11/03/45 (a) | 250,000 | 221,087 |
2.85%, 12/15/51 (a) | 150,000 | 101,615 |
3.05%, 12/15/61 (a) | 250,000 | 166,317 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 75,000 | 79,998 |
6.13%, 11/01/34 | 50,000 | 52,337 |
CNA Financial Corp. | ||
4.50%, 03/01/26 (a) | 150,000 | 147,646 |
3.45%, 08/15/27 (a) | 100,000 | 94,720 |
3.90%, 05/01/29 (a) | 100,000 | 93,947 |
2.05%, 08/15/30 (a) | 100,000 | 82,763 |
5.50%, 06/15/33 (a) | 100,000 | 100,819 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 150,000 | 145,713 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a) | 200,000 | 195,358 |
3.65%, 04/05/27 (a) | 250,000 | 236,890 |
3.85%, 04/05/29 (a) | 150,000 | 139,158 |
3.90%, 04/05/32 (a) | 200,000 | 176,124 |
6.05%, 09/15/33 (a)(d) | 100,000 | 102,267 |
5.75%, 01/15/34 (a) | 100,000 | 99,893 |
4.35%, 04/05/42 (a) | 100,000 | 82,889 |
4.40%, 04/05/52 (a) | 250,000 | 201,175 |
6.88%, 12/15/52 (a)(b) | 175,000 | 175,079 |
Elevance Health, Inc. | ||
4.90%, 02/08/26 (a) | 150,000 | 148,965 |
1.50%, 03/15/26 (a) | 100,000 | 92,905 |
3.65%, 12/01/27 (a) | 300,000 | 286,947 |
4.10%, 03/01/28 (a) | 150,000 | 145,152 |
2.88%, 09/15/29 (a) | 150,000 | 134,703 |
2.25%, 05/15/30 (a) | 200,000 | 170,042 |
2.55%, 03/15/31 (a) | 200,000 | 169,696 |
4.10%, 05/15/32 (a) | 100,000 | 92,225 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.50%, 10/15/32 (a) | 150,000 | 152,854 |
4.75%, 02/15/33 (a) | 250,000 | 241,702 |
6.38%, 06/15/37 | 100,000 | 108,100 |
4.63%, 05/15/42 | 200,000 | 180,166 |
4.65%, 01/15/43 | 150,000 | 135,545 |
5.10%, 01/15/44 | 150,000 | 141,365 |
4.65%, 08/15/44 (a) | 150,000 | 133,607 |
4.38%, 12/01/47 (a) | 250,000 | 212,670 |
4.55%, 03/01/48 (a) | 150,000 | 130,808 |
3.70%, 09/15/49 (a) | 150,000 | 113,993 |
3.13%, 05/15/50 (a) | 200,000 | 136,998 |
3.60%, 03/15/51 (a) | 200,000 | 149,084 |
4.55%, 05/15/52 (a) | 100,000 | 86,935 |
6.10%, 10/15/52 (a) | 150,000 | 161,071 |
5.13%, 02/15/53 (a) | 150,000 | 142,085 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 100,000 | 97,403 |
3.10%, 09/01/31 (a) | 100,000 | 81,690 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 350,000 | 337,417 |
5.59%, 01/11/33 (a) | 75,000 | 75,571 |
5.00%, 04/20/48 (a) | 250,000 | 227,237 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 100,000 | 90,400 |
3.50%, 10/15/50 (a) | 200,000 | 140,716 |
3.13%, 10/15/52 (a) | 150,000 | 94,359 |
F&G Annuities & Life, Inc. | ||
7.40%, 01/13/28 (a) | 100,000 | 102,715 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 100,000 | 97,962 |
4.63%, 04/29/30 (a) | 125,000 | 117,966 |
3.38%, 03/03/31 (a) | 100,000 | 86,663 |
5.63%, 08/16/32 (a) | 100,000 | 98,660 |
6.00%, 12/07/33 (a)(d) | 100,000 | 100,473 |
Fidelity National Financial, Inc. | ||
3.40%, 06/15/30 (a) | 250,000 | 220,825 |
2.45%, 03/15/31 (a) | 150,000 | 122,040 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 100,000 | 89,274 |
2.40%, 08/15/31 (a) | 100,000 | 78,495 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 100,000 | 97,578 |
2.15%, 08/15/30 (a) | 150,000 | 124,551 |
Hanover Insurance Group, Inc. | ||
2.50%, 09/01/30 (a) | 100,000 | 83,247 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 150,000 | 134,126 |
6.10%, 10/01/41 | 80,000 | 83,495 |
4.40%, 03/15/48 (a) | 100,000 | 86,499 |
3.60%, 08/19/49 (a) | 150,000 | 113,144 |
2.90%, 09/15/51 (a) | 150,000 | 96,357 |
Horace Mann Educators Corp. | ||
7.25%, 09/15/28 (a) | 100,000 | 107,138 |
Humana, Inc. | ||
4.50%, 04/01/25 (a) | 100,000 | 98,981 |
5.70%, 03/13/26 (a) | 100,000 | 99,974 |
1.35%, 02/03/27 (a) | 150,000 | 134,589 |
3.95%, 03/15/27 (a) | 100,000 | 96,531 |
5.75%, 12/01/28 (a) | 100,000 | 102,167 |
3.70%, 03/23/29 (a) | 100,000 | 93,536 |
3.13%, 08/15/29 (a) | 150,000 | 135,662 |
4.88%, 04/01/30 (a) | 100,000 | 98,439 |
2.15%, 02/03/32 (a) | 150,000 | 118,899 |
5.88%, 03/01/33 (a) | 150,000 | 154,048 |
5.95%, 03/15/34 (a) | 100,000 | 103,391 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 10/01/44 (a) | 100,000 | 90,260 |
4.80%, 03/15/47 (a) | 100,000 | 87,201 |
3.95%, 08/15/49 (a) | 150,000 | 117,353 |
5.50%, 03/15/53 (a) | 150,000 | 145,527 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a) | 100,000 | 82,904 |
5.67%, 06/08/32 (a) | 100,000 | 99,900 |
4.00%, 11/23/51 (a) | 100,000 | 71,664 |
Kemper Corp. | ||
2.40%, 09/30/30 (a) | 150,000 | 118,455 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 150,000 | 143,321 |
3.80%, 03/01/28 (a) | 100,000 | 95,202 |
3.05%, 01/15/30 (a) | 100,000 | 87,607 |
3.40%, 01/15/31 (a) | 100,000 | 87,595 |
3.40%, 03/01/32 (a) | 75,000 | 63,719 |
6.30%, 10/09/37 | 100,000 | 102,988 |
7.00%, 06/15/40 | 100,000 | 109,190 |
4.38%, 06/15/50 (a) | 50,000 | 38,709 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 100,000 | 90,327 |
6.00%, 02/01/35 | 100,000 | 106,247 |
4.13%, 05/15/43 (a) | 100,000 | 84,830 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 200,000 | 196,124 |
2.48%, 05/19/27 (a) | 100,000 | 92,879 |
4.06%, 02/24/32 (a)(b) | 200,000 | 190,666 |
3.70%, 03/16/32 (a) | 150,000 | 136,805 |
5.38%, 03/04/46 | 100,000 | 97,995 |
Markel Group, Inc. | ||
3.50%, 11/01/27 (a) | 100,000 | 94,301 |
3.35%, 09/17/29 (a) | 100,000 | 90,174 |
5.00%, 04/05/46 | 100,000 | 89,346 |
4.30%, 11/01/47 (a) | 75,000 | 60,154 |
5.00%, 05/20/49 (a) | 100,000 | 90,789 |
4.15%, 09/17/50 (a) | 100,000 | 79,159 |
Marsh & McLennan Cos., Inc. | ||
3.50%, 03/10/25 (a) | 100,000 | 98,247 |
3.75%, 03/14/26 (a) | 150,000 | 146,403 |
4.38%, 03/15/29 (a) | 250,000 | 244,555 |
2.25%, 11/15/30 (a) | 140,000 | 118,191 |
5.75%, 11/01/32 (a) | 100,000 | 104,490 |
5.88%, 08/01/33 | 100,000 | 105,654 |
5.40%, 09/15/33 (a) | 100,000 | 101,854 |
5.15%, 03/15/34 (a) | 100,000 | 99,702 |
4.75%, 03/15/39 (a) | 50,000 | 47,186 |
4.35%, 01/30/47 (a) | 100,000 | 84,973 |
4.20%, 03/01/48 (a) | 50,000 | 41,795 |
4.90%, 03/15/49 (a) | 200,000 | 185,236 |
2.90%, 12/15/51 (a) | 75,000 | 48,124 |
6.25%, 11/01/52 (a) | 100,000 | 110,705 |
5.45%, 03/15/53 (a) | 150,000 | 149,979 |
5.70%, 09/15/53 (a) | 175,000 | 181,351 |
5.45%, 03/15/54 (a) | 75,000 | 74,660 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 95,601 |
MetLife, Inc. | ||
3.60%, 11/13/25 (a) | 100,000 | 97,584 |
4.55%, 03/23/30 (a) | 200,000 | 195,948 |
6.50%, 12/15/32 | 100,000 | 109,335 |
5.38%, 07/15/33 (a) | 150,000 | 150,946 |
6.38%, 06/15/34 | 200,000 | 215,762 |
5.70%, 06/15/35 | 150,000 | 155,353 |
5.88%, 02/06/41 | 150,000 | 156,780 |
4.13%, 08/13/42 | 100,000 | 84,708 |
4.88%, 11/13/43 | 250,000 | 230,075 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.72%, 12/15/44 (b) | 100,000 | 89,137 |
4.05%, 03/01/45 | 100,000 | 82,632 |
4.60%, 05/13/46 (a) | 100,000 | 89,463 |
5.00%, 07/15/52 (a) | 200,000 | 186,938 |
5.25%, 01/15/54 (a) | 150,000 | 145,272 |
6.40%, 12/15/66 (a) | 230,000 | 234,034 |
10.75%, 08/01/69 (a)(b) | 75,000 | 102,320 |
MGIC Investment Corp. | ||
5.25%, 08/15/28 (a) | 100,000 | 96,788 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/37 (b) | 40,000 | 40,216 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 150,000 | 145,303 |
3.85%, 06/11/51 (a) | 125,000 | 90,786 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 100,000 | 93,943 |
4.50%, 10/01/50 (a)(b) | 75,000 | 67,349 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 150,000 | 124,680 |
Principal Financial Group, Inc. | ||
3.10%, 11/15/26 (a) | 100,000 | 94,943 |
3.70%, 05/15/29 (a) | 150,000 | 140,040 |
2.13%, 06/15/30 (a) | 150,000 | 124,928 |
6.05%, 10/15/36 | 100,000 | 105,417 |
4.30%, 11/15/46 (a) | 137,000 | 113,735 |
5.50%, 03/15/53 (a) | 75,000 | 73,610 |
Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 93,373 |
4.00%, 03/01/29 (a) | 150,000 | 144,406 |
3.20%, 03/26/30 (a) | 100,000 | 90,392 |
3.00%, 03/15/32 (a) | 75,000 | 64,918 |
6.25%, 12/01/32 | 150,000 | 162,979 |
4.95%, 06/15/33 (a) | 100,000 | 99,359 |
3.70%, 01/26/45 | 100,000 | 81,146 |
4.13%, 04/15/47 (a) | 100,000 | 84,093 |
4.20%, 03/15/48 (a) | 100,000 | 86,100 |
3.95%, 03/26/50 (a) | 100,000 | 81,543 |
3.70%, 03/15/52 (a) | 100,000 | 77,916 |
Prudential Financial, Inc. | ||
3.88%, 03/27/28 (a) | 97,000 | 93,251 |
2.10%, 03/10/30 (a) | 200,000 | 171,150 |
5.70%, 12/14/36 | 150,000 | 154,992 |
6.63%, 12/01/37 | 150,000 | 167,298 |
3.00%, 03/10/40 (a) | 250,000 | 186,585 |
4.60%, 05/15/44 | 150,000 | 133,823 |
5.38%, 05/15/45 (a)(b) | 150,000 | 147,991 |
4.50%, 09/15/47 (a)(b) | 100,000 | 93,782 |
3.91%, 12/07/47 (a) | 200,000 | 158,034 |
5.70%, 09/15/48 (a)(b) | 150,000 | 146,799 |
3.94%, 12/07/49 (a) | 100,000 | 78,468 |
4.35%, 02/25/50 (a) | 150,000 | 126,999 |
3.70%, 10/01/50 (a)(b) | 200,000 | 174,718 |
3.70%, 03/13/51 (a) | 300,000 | 228,393 |
5.13%, 03/01/52 (a)(b) | 200,000 | 187,102 |
6.00%, 09/01/52 (a)(b) | 200,000 | 199,458 |
Prudential Funding Asia PLC | ||
3.13%, 04/14/30 | 200,000 | 178,446 |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 50,000 | 50,151 |
4.88%, 03/15/27 (a) | 100,000 | 97,257 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 200,000 | 188,794 |
3.15%, 06/15/30 (a) | 200,000 | 176,954 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 150,000 | 138,440 |
5.75%, 06/05/33 (a) | 150,000 | 151,258 |
Selective Insurance Group, Inc. | ||
5.38%, 03/01/49 (a) | 75,000 | 71,144 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 100,000 | 78,060 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 100,000 | 128,085 |
Travelers Cos., Inc. | ||
6.75%, 06/20/36 | 150,000 | 171,375 |
5.35%, 11/01/40 | 100,000 | 101,218 |
4.60%, 08/01/43 | 200,000 | 186,308 |
4.00%, 05/30/47 (a) | 200,000 | 165,154 |
4.10%, 03/04/49 (a) | 100,000 | 84,185 |
2.55%, 04/27/50 (a) | 200,000 | 124,620 |
3.05%, 06/08/51 (a) | 200,000 | 137,058 |
5.45%, 05/25/53 (a) | 150,000 | 153,673 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 255,000 | 250,288 |
5.15%, 10/15/25 | 50,000 | 50,117 |
1.25%, 01/15/26 | 100,000 | 93,443 |
3.10%, 03/15/26 | 200,000 | 193,222 |
1.15%, 05/15/26 (a) | 200,000 | 184,416 |
3.45%, 01/15/27 | 150,000 | 144,804 |
3.38%, 04/15/27 | 150,000 | 143,819 |
3.70%, 05/15/27 (a) | 50,000 | 48,423 |
2.95%, 10/15/27 | 150,000 | 140,897 |
5.25%, 02/15/28 (a) | 200,000 | 203,388 |
3.85%, 06/15/28 | 250,000 | 240,777 |
3.88%, 12/15/28 | 150,000 | 144,055 |
4.25%, 01/15/29 (a) | 200,000 | 195,084 |
4.00%, 05/15/29 (a) | 150,000 | 144,295 |
2.88%, 08/15/29 | 200,000 | 181,424 |
5.30%, 02/15/30 (a) | 200,000 | 203,864 |
2.00%, 05/15/30 | 200,000 | 168,184 |
2.30%, 05/15/31 (a) | 300,000 | 251,721 |
4.20%, 05/15/32 (a) | 250,000 | 236,145 |
5.35%, 02/15/33 (a) | 350,000 | 357,252 |
4.50%, 04/15/33 (a) | 250,000 | 240,155 |
4.63%, 07/15/35 | 200,000 | 193,162 |
5.80%, 03/15/36 | 193,000 | 204,209 |
6.50%, 06/15/37 | 100,000 | 111,501 |
6.63%, 11/15/37 | 150,000 | 169,209 |
6.88%, 02/15/38 | 200,000 | 232,470 |
3.50%, 08/15/39 (a) | 250,000 | 202,205 |
2.75%, 05/15/40 (a) | 150,000 | 108,149 |
5.70%, 10/15/40 (a) | 75,000 | 77,992 |
5.95%, 02/15/41 (a) | 100,000 | 105,539 |
3.05%, 05/15/41 (a) | 300,000 | 223,140 |
4.63%, 11/15/41 (a) | 100,000 | 91,360 |
4.38%, 03/15/42 (a) | 100,000 | 89,352 |
3.95%, 10/15/42 (a) | 100,000 | 84,242 |
4.25%, 03/15/43 (a) | 100,000 | 87,422 |
4.75%, 07/15/45 | 350,000 | 323,855 |
4.20%, 01/15/47 (a) | 150,000 | 127,011 |
4.25%, 04/15/47 (a) | 100,000 | 85,312 |
3.75%, 10/15/47 (a) | 200,000 | 155,314 |
4.25%, 06/15/48 (a) | 250,000 | 210,742 |
4.45%, 12/15/48 (a) | 175,000 | 153,344 |
3.70%, 08/15/49 (a) | 150,000 | 115,664 |
2.90%, 05/15/50 (a) | 150,000 | 99,723 |
3.25%, 05/15/51 (a) | 350,000 | 246,641 |
4.75%, 05/15/52 (a) | 300,000 | 273,519 |
5.88%, 02/15/53 (a) | 350,000 | 374,615 |
5.05%, 04/15/53 (a) | 400,000 | 380,932 |
3.88%, 08/15/59 (a) | 200,000 | 152,884 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.13%, 05/15/60 (a) | 150,000 | 98,456 |
4.95%, 05/15/62 (a) | 150,000 | 138,404 |
6.05%, 02/15/63 (a) | 250,000 | 272,317 |
5.20%, 04/15/63 (a) | 325,000 | 310,216 |
Unum Group | ||
4.00%, 06/15/29 (a) | 100,000 | 93,943 |
5.75%, 08/15/42 | 100,000 | 97,218 |
4.50%, 12/15/49 (a) | 50,000 | 39,710 |
4.13%, 06/15/51 (a) | 100,000 | 73,554 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 100,000 | 96,276 |
5.70%, 07/15/43 | 100,000 | 97,078 |
4.70%, 01/23/48 (a)(b) | 100,000 | 84,371 |
W R Berkley Corp. | ||
4.00%, 05/12/50 (a) | 50,000 | 38,551 |
3.55%, 03/30/52 (a) | 100,000 | 69,345 |
3.15%, 09/30/61 (a) | 100,000 | 60,182 |
Willis North America, Inc. | ||
4.65%, 06/15/27 (a) | 150,000 | 147,288 |
4.50%, 09/15/28 (a) | 150,000 | 144,876 |
2.95%, 09/15/29 (a) | 200,000 | 177,882 |
5.35%, 05/15/33 (a) | 150,000 | 147,825 |
3.88%, 09/15/49 (a) | 150,000 | 111,467 |
XL Group Ltd. | ||
5.25%, 12/15/43 | 55,000 | 51,525 |
50,159,670 | ||
REITs 0.7% | ||
Agree LP | ||
2.90%, 10/01/30 (a) | 150,000 | 127,892 |
4.80%, 10/01/32 (a) | 100,000 | 93,595 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 100,000 | 97,679 |
3.80%, 04/15/26 (a) | 50,000 | 48,513 |
3.95%, 01/15/28 (a) | 100,000 | 95,292 |
4.50%, 07/30/29 (a) | 50,000 | 48,004 |
2.75%, 12/15/29 (a) | 100,000 | 87,052 |
4.70%, 07/01/30 (a) | 100,000 | 96,220 |
4.90%, 12/15/30 (a) | 150,000 | 146,121 |
3.38%, 08/15/31 (a) | 150,000 | 131,871 |
2.00%, 05/18/32 (a) | 100,000 | 77,307 |
1.88%, 02/01/33 (a) | 150,000 | 112,412 |
2.95%, 03/15/34 (a) | 150,000 | 121,016 |
4.75%, 04/15/35 (a) | 100,000 | 93,156 |
5.25%, 05/15/36 (a) | 75,000 | 72,112 |
4.85%, 04/15/49 (a) | 50,000 | 43,845 |
4.00%, 02/01/50 (a) | 150,000 | 113,331 |
3.00%, 05/18/51 (a) | 150,000 | 94,311 |
3.55%, 03/15/52 (a) | 175,000 | 121,592 |
5.15%, 04/15/53 (a) | 100,000 | 90,753 |
5.63%, 05/15/54 (a) | 100,000 | 96,328 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 75,000 | 60,728 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 96,103 |
4.90%, 02/15/29 (a) | 100,000 | 97,531 |
2.38%, 07/15/31 (a) | 100,000 | 80,648 |
3.63%, 04/15/32 (a) | 150,000 | 130,855 |
5.50%, 02/01/34 (a) | 100,000 | 98,217 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25 (a) | 100,000 | 97,788 |
2.95%, 05/11/26 (a) | 100,000 | 95,554 |
2.90%, 10/15/26 (a) | 100,000 | 94,604 |
3.30%, 06/01/29 (a) | 150,000 | 138,370 |
2.30%, 03/01/30 (a) | 100,000 | 85,991 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.45%, 01/15/31 (a) | 150,000 | 127,998 |
2.05%, 01/15/32 (a) | 150,000 | 122,517 |
5.00%, 02/15/33 (a) | 100,000 | 98,118 |
5.30%, 12/07/33 (a) | 100,000 | 100,292 |
3.90%, 10/15/46 (a) | 150,000 | 117,449 |
Boston Properties LP | ||
3.65%, 02/01/26 (a) | 150,000 | 144,298 |
2.75%, 10/01/26 (a) | 200,000 | 185,224 |
6.75%, 12/01/27 (a) | 150,000 | 155,073 |
4.50%, 12/01/28 (a) | 150,000 | 141,784 |
3.40%, 06/21/29 (a) | 200,000 | 176,540 |
2.90%, 03/15/30 (a) | 100,000 | 84,583 |
3.25%, 01/30/31 (a) | 200,000 | 168,476 |
2.55%, 04/01/32 (a) | 150,000 | 116,660 |
2.45%, 10/01/33 (a) | 100,000 | 73,859 |
6.50%, 01/15/34 (a) | 150,000 | 153,537 |
Brixmor Operating Partnership LP | ||
4.13%, 06/15/26 (a) | 100,000 | 96,886 |
3.90%, 03/15/27 (a) | 100,000 | 95,369 |
4.13%, 05/15/29 (a) | 150,000 | 140,242 |
4.05%, 07/01/30 (a) | 150,000 | 137,896 |
2.50%, 08/16/31 (a) | 100,000 | 81,343 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 75,000 | 58,241 |
Camden Property Trust | ||
5.85%, 11/03/26 (a) | 75,000 | 76,579 |
4.10%, 10/15/28 (a) | 100,000 | 96,352 |
3.15%, 07/01/29 (a) | 100,000 | 91,037 |
2.80%, 05/15/30 (a) | 100,000 | 87,914 |
4.90%, 01/15/34 (a) | 100,000 | 96,110 |
3.35%, 11/01/49 (a) | 50,000 | 35,736 |
COPT Defense Properties LP | ||
2.25%, 03/15/26 (a) | 100,000 | 93,544 |
2.00%, 01/15/29 (a) | 150,000 | 124,347 |
2.75%, 04/15/31 (a) | 100,000 | 80,712 |
CubeSmart LP | ||
3.13%, 09/01/26 (a) | 150,000 | 141,981 |
4.38%, 02/15/29 (a) | 100,000 | 95,180 |
2.00%, 02/15/31 (a) | 100,000 | 80,418 |
2.50%, 02/15/32 (a) | 150,000 | 121,239 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 150,000 | 143,055 |
5.55%, 01/15/28 (a) | 150,000 | 151,656 |
4.45%, 07/15/28 (a) | 150,000 | 145,209 |
3.60%, 07/01/29 (a) | 150,000 | 138,349 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 100,000 | 96,145 |
4.50%, 06/01/27 (a) | 150,000 | 141,826 |
3.75%, 08/15/29 (a) | 100,000 | 87,402 |
3.60%, 11/15/31 (a) | 100,000 | 81,881 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 100,000 | 97,558 |
2.85%, 11/01/26 (a) | 100,000 | 94,416 |
3.50%, 03/01/28 (a) | 100,000 | 94,509 |
4.15%, 12/01/28 (a) | 100,000 | 96,754 |
3.00%, 07/01/29 (a) | 100,000 | 90,660 |
2.50%, 02/15/30 (a) | 100,000 | 86,896 |
4.50%, 07/01/44 (a) | 150,000 | 129,185 |
4.50%, 06/01/45 (a) | 50,000 | 41,781 |
4.00%, 08/01/47 (a) | 100,000 | 77,149 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 100,000 | 78,631 |
Essex Portfolio LP | ||
3.50%, 04/01/25 (a) | 130,000 | 127,292 |
3.38%, 04/15/26 (a) | 50,000 | 48,145 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 03/01/29 (a) | 150,000 | 142,171 |
3.00%, 01/15/30 (a) | 100,000 | 87,790 |
1.65%, 01/15/31 (a) | 150,000 | 117,335 |
2.65%, 03/15/32 (a) | 150,000 | 122,399 |
2.65%, 09/01/50 (a) | 100,000 | 58,241 |
Extra Space Storage LP | ||
3.88%, 12/15/27 (a) | 150,000 | 142,477 |
5.70%, 04/01/28 (a) | 150,000 | 152,151 |
4.00%, 06/15/29 (a) | 100,000 | 93,938 |
2.20%, 10/15/30 (a) | 50,000 | 40,904 |
5.90%, 01/15/31 (a) | 100,000 | 102,368 |
2.55%, 06/01/31 (a) | 100,000 | 82,417 |
2.40%, 10/15/31 (a) | 150,000 | 121,274 |
2.35%, 03/15/32 (a) | 150,000 | 119,043 |
5.40%, 02/01/34 (a) | 100,000 | 98,100 |
Federal Realty OP LP | ||
1.25%, 02/15/26 (a) | 100,000 | 92,250 |
3.25%, 07/15/27 (a) | 100,000 | 93,539 |
3.50%, 06/01/30 (a) | 100,000 | 89,786 |
4.50%, 12/01/44 (a) | 100,000 | 81,675 |
Healthcare Realty Holdings LP | ||
3.50%, 08/01/26 (a) | 100,000 | 95,504 |
3.10%, 02/15/30 (a) | 150,000 | 129,360 |
2.00%, 03/15/31 (a) | 100,000 | 78,426 |
Healthpeak OP LLC | ||
4.00%, 06/01/25 (a) | 75,000 | 73,612 |
3.25%, 07/15/26 (a) | 200,000 | 191,120 |
2.13%, 12/01/28 (a) | 75,000 | 65,336 |
3.50%, 07/15/29 (a) | 150,000 | 137,169 |
3.00%, 01/15/30 (a) | 100,000 | 87,778 |
2.88%, 01/15/31 (a) | 150,000 | 127,710 |
5.25%, 12/15/32 (a) | 150,000 | 146,785 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 100,000 | 90,296 |
3.05%, 02/15/30 (a) | 100,000 | 83,856 |
2.60%, 02/01/31 (a) | 100,000 | 78,795 |
7.65%, 02/01/34 (a) | 75,000 | 80,443 |
Host Hotels & Resorts LP | ||
4.00%, 06/15/25 (a) | 105,000 | 102,928 |
3.38%, 12/15/29 (a) | 150,000 | 132,778 |
3.50%, 09/15/30 (a) | 225,000 | 198,547 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 200,000 | 175,204 |
2.00%, 08/15/31 (a) | 100,000 | 78,180 |
4.15%, 04/15/32 (a) | 100,000 | 90,525 |
5.50%, 08/15/33 (a) | 100,000 | 98,875 |
Kilroy Realty LP | ||
4.75%, 12/15/28 (a) | 100,000 | 94,261 |
4.25%, 08/15/29 (a) | 120,000 | 109,625 |
3.05%, 02/15/30 (a) | 150,000 | 125,828 |
2.50%, 11/15/32 (a) | 150,000 | 111,248 |
Kimco Realty OP LLC | ||
2.80%, 10/01/26 (a) | 100,000 | 93,723 |
1.90%, 03/01/28 (a) | 100,000 | 87,666 |
2.70%, 10/01/30 (a) | 100,000 | 85,195 |
2.25%, 12/01/31 (a) | 100,000 | 79,714 |
3.20%, 04/01/32 (a) | 100,000 | 85,016 |
4.60%, 02/01/33 (a) | 100,000 | 93,802 |
6.40%, 03/01/34 (a) | 100,000 | 105,330 |
4.25%, 04/01/45 (a) | 150,000 | 117,531 |
4.13%, 12/01/46 (a) | 100,000 | 76,269 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 94,848 |
Kite Realty Group Trust | ||
4.75%, 09/15/30 (a) | 100,000 | 94,482 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
LXP Industrial Trust | ||
2.70%, 09/15/30 (a) | 150,000 | 123,911 |
Mid-America Apartments LP | ||
1.10%, 09/15/26 (a) | 100,000 | 90,479 |
3.60%, 06/01/27 (a) | 150,000 | 143,389 |
4.20%, 06/15/28 (a) | 100,000 | 96,869 |
3.95%, 03/15/29 (a) | 50,000 | 47,730 |
2.75%, 03/15/30 (a) | 100,000 | 87,947 |
1.70%, 02/15/31 (a) | 100,000 | 79,791 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 100,000 | 80,291 |
NNN REIT, Inc. | ||
4.00%, 11/15/25 (a) | 100,000 | 97,578 |
3.50%, 10/15/27 (a) | 100,000 | 94,128 |
4.30%, 10/15/28 (a) | 100,000 | 96,061 |
2.50%, 04/15/30 (a) | 100,000 | 84,740 |
5.60%, 10/15/33 (a) | 75,000 | 74,858 |
4.80%, 10/15/48 (a) | 50,000 | 42,985 |
3.10%, 04/15/50 (a) | 100,000 | 64,900 |
3.00%, 04/15/52 (a) | 100,000 | 63,864 |
Omega Healthcare Investors, Inc. | ||
5.25%, 01/15/26 (a) | 100,000 | 99,143 |
4.50%, 04/01/27 (a) | 150,000 | 144,381 |
4.75%, 01/15/28 (a) | 100,000 | 96,012 |
3.63%, 10/01/29 (a) | 150,000 | 131,791 |
3.38%, 02/01/31 (a) | 150,000 | 126,501 |
3.25%, 04/15/33 (a) | 100,000 | 79,610 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 100,000 | 80,506 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 100,000 | 97,268 |
2.63%, 11/01/31 (a) | 100,000 | 81,533 |
Piedmont Operating Partnership LP | ||
9.25%, 07/20/28 (a) | 75,000 | 79,150 |
3.15%, 08/15/30 (a) | 150,000 | 115,349 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 130,000 | 124,934 |
2.13%, 04/15/27 (a) | 150,000 | 137,707 |
4.88%, 06/15/28 (a) | 150,000 | 149,830 |
3.88%, 09/15/28 (a) | 150,000 | 143,632 |
4.38%, 02/01/29 (a) | 50,000 | 48,870 |
2.88%, 11/15/29 (a) | 50,000 | 44,928 |
2.25%, 04/15/30 (a) | 200,000 | 171,552 |
1.75%, 07/01/30 (a) | 75,000 | 61,730 |
1.25%, 10/15/30 (a) | 100,000 | 79,383 |
1.63%, 03/15/31 (a) | 100,000 | 79,440 |
2.25%, 01/15/32 (a) | 100,000 | 81,731 |
4.63%, 01/15/33 (a) | 150,000 | 144,493 |
4.75%, 06/15/33 (a) | 150,000 | 145,474 |
5.13%, 01/15/34 (a) | 150,000 | 148,531 |
5.00%, 03/15/34 (a) | 100,000 | 98,316 |
3.05%, 03/01/50 (a) | 50,000 | 33,975 |
3.00%, 04/15/50 (a) | 150,000 | 101,625 |
2.13%, 10/15/50 (a) | 150,000 | 82,359 |
5.25%, 06/15/53 (a) | 150,000 | 145,557 |
5.25%, 03/15/54 (a) | 100,000 | 95,994 |
Public Storage Operating Co. | ||
0.88%, 02/15/26 (a) | 125,000 | 115,391 |
1.50%, 11/09/26 (a) | 150,000 | 137,055 |
3.09%, 09/15/27 (a) | 50,000 | 47,097 |
1.85%, 05/01/28 (a) | 150,000 | 132,687 |
5.13%, 01/15/29 (a) | 100,000 | 101,065 |
3.39%, 05/01/29 (a) | 150,000 | 139,858 |
2.30%, 05/01/31 (a) | 100,000 | 83,991 |
2.25%, 11/09/31 (a) | 100,000 | 82,502 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.10%, 08/01/33 (a) | 100,000 | 99,958 |
5.35%, 08/01/53 (a) | 100,000 | 99,589 |
Realty Income Corp. | ||
3.88%, 04/15/25 (a) | 150,000 | 147,493 |
0.75%, 03/15/26 (a) | 100,000 | 91,298 |
4.88%, 06/01/26 (a) | 100,000 | 99,229 |
4.13%, 10/15/26 (a) | 100,000 | 97,358 |
3.00%, 01/15/27 (a) | 180,000 | 169,758 |
3.95%, 08/15/27 (a) | 150,000 | 144,910 |
3.40%, 01/15/28 (a) | 100,000 | 93,917 |
2.10%, 03/15/28 (a) | 100,000 | 88,752 |
2.20%, 06/15/28 (a) | 100,000 | 88,803 |
4.70%, 12/15/28 (a) | 150,000 | 147,625 |
4.75%, 02/15/29 (a) | 100,000 | 97,908 |
3.10%, 12/15/29 (a) | 100,000 | 89,855 |
3.40%, 01/15/30 (a) | 50,000 | 45,352 |
4.85%, 03/15/30 (a) | 100,000 | 98,120 |
3.25%, 01/15/31 (a) | 200,000 | 177,036 |
3.20%, 02/15/31 (a) | 150,000 | 131,212 |
2.70%, 02/15/32 (a) | 75,000 | 61,565 |
5.63%, 10/13/32 (a) | 150,000 | 151,774 |
2.85%, 12/15/32 (a) | 150,000 | 123,579 |
1.80%, 03/15/33 (a) | 100,000 | 75,231 |
4.90%, 07/15/33 (a) | 100,000 | 95,485 |
5.13%, 02/15/34 (a) | 150,000 | 145,362 |
4.65%, 03/15/47 (a) | 100,000 | 87,410 |
Regency Centers LP | ||
4.13%, 03/15/28 (a) | 150,000 | 143,388 |
3.70%, 06/15/30 (a) | 100,000 | 91,178 |
5.25%, 01/15/34 (a) | 75,000 | 73,446 |
4.40%, 02/01/47 (a) | 100,000 | 80,181 |
4.65%, 03/15/49 (a) | 75,000 | 63,647 |
Retail Opportunity Investments Partnership LP | ||
6.75%, 10/15/28 (a) | 75,000 | 77,643 |
Rexford Industrial Realty LP | ||
2.15%, 09/01/31 (a) | 150,000 | 118,622 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 75,000 | 73,653 |
3.90%, 10/15/29 (a) | 100,000 | 89,191 |
3.20%, 12/01/31 (a) | 150,000 | 122,016 |
Safehold GL Holdings LLC | ||
2.85%, 01/15/32 (a) | 100,000 | 80,498 |
Simon Property Group LP | ||
3.50%, 09/01/25 (a) | 250,000 | 243,972 |
3.30%, 01/15/26 (a) | 100,000 | 96,533 |
3.25%, 11/30/26 (a) | 250,000 | 238,407 |
3.38%, 12/01/27 (a) | 150,000 | 141,532 |
1.75%, 02/01/28 (a) | 175,000 | 154,954 |
2.45%, 09/13/29 (a) | 250,000 | 218,007 |
2.65%, 07/15/30 (a) | 150,000 | 130,281 |
2.20%, 02/01/31 (a) | 150,000 | 123,134 |
2.25%, 01/15/32 (a) | 200,000 | 161,032 |
2.65%, 02/01/32 (a) | 100,000 | 83,168 |
5.50%, 03/08/33 (a) | 150,000 | 151,398 |
6.25%, 01/15/34 (a) | 100,000 | 105,418 |
6.75%, 02/01/40 (a) | 100,000 | 110,387 |
4.25%, 11/30/46 (a) | 150,000 | 122,021 |
3.25%, 09/13/49 (a) | 150,000 | 104,480 |
3.80%, 07/15/50 (a) | 175,000 | 132,512 |
5.85%, 03/08/53 (a) | 150,000 | 152,466 |
6.65%, 01/15/54 (a) | 75,000 | 84,481 |
SITE Centers Corp. | ||
4.70%, 06/01/27 (a) | 100,000 | 98,420 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Store Capital LLC | ||
4.50%, 03/15/28 (a) | 100,000 | 94,167 |
4.63%, 03/15/29 (a) | 100,000 | 93,344 |
2.70%, 12/01/31 (a) | 75,000 | 58,491 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 100,000 | 86,867 |
5.50%, 01/15/29 (a) | 75,000 | 74,339 |
2.70%, 07/15/31 (a) | 100,000 | 81,670 |
4.20%, 04/15/32 (a) | 100,000 | 88,836 |
5.70%, 01/15/33 (a) | 100,000 | 98,501 |
Tanger Properties LP | ||
3.88%, 07/15/27 (a) | 100,000 | 91,758 |
2.75%, 09/01/31 (a) | 100,000 | 80,810 |
UDR, Inc. | ||
3.50%, 01/15/28 (a) | 100,000 | 93,348 |
3.20%, 01/15/30 (a) | 150,000 | 134,352 |
3.00%, 08/15/31 (a) | 100,000 | 85,856 |
2.10%, 08/01/32 (a) | 150,000 | 116,097 |
1.90%, 03/15/33 (a) | 150,000 | 112,142 |
Ventas Realty LP | ||
4.13%, 01/15/26 (a) | 100,000 | 97,399 |
3.25%, 10/15/26 (a) | 100,000 | 94,468 |
3.85%, 04/01/27 (a) | 150,000 | 143,133 |
4.00%, 03/01/28 (a) | 100,000 | 95,333 |
4.40%, 01/15/29 (a) | 150,000 | 143,730 |
4.75%, 11/15/30 (a) | 100,000 | 95,774 |
5.70%, 09/30/43 (a) | 100,000 | 94,677 |
4.38%, 02/01/45 (a) | 100,000 | 79,348 |
Welltower OP LLC | ||
4.00%, 06/01/25 (a) | 300,000 | 294,534 |
4.25%, 04/01/26 (a) | 150,000 | 147,117 |
4.25%, 04/15/28 (a) | 100,000 | 96,816 |
4.13%, 03/15/29 (a) | 150,000 | 142,687 |
2.75%, 01/15/31 (a) | 150,000 | 127,979 |
2.75%, 01/15/32 (a) | 100,000 | 83,244 |
3.85%, 06/15/32 (a) | 150,000 | 134,593 |
6.50%, 03/15/41 (a) | 150,000 | 162,562 |
4.95%, 09/01/48 (a) | 100,000 | 90,056 |
WP Carey, Inc. | ||
4.25%, 10/01/26 (a) | 150,000 | 146,110 |
2.40%, 02/01/31 (a) | 100,000 | 82,337 |
2.25%, 04/01/33 (a) | 100,000 | 76,078 |
30,260,117 | ||
373,978,963 | ||
Industrial 14.5% | ||
Basic Industry 0.7% | ||
Air Products & Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 250,000 | 236,415 |
4.60%, 02/08/29 (a) | 125,000 | 123,475 |
2.05%, 05/15/30 (a) | 200,000 | 170,202 |
4.75%, 02/08/31 (a) | 100,000 | 98,880 |
4.80%, 03/03/33 (a) | 100,000 | 98,697 |
4.85%, 02/08/34 (a) | 200,000 | 196,194 |
2.70%, 05/15/40 (a) | 150,000 | 108,009 |
2.80%, 05/15/50 (a) | 200,000 | 133,140 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 100,000 | 98,267 |
5.05%, 06/01/32 (a) | 100,000 | 95,005 |
5.45%, 12/01/44 (a) | 50,000 | 45,618 |
5.65%, 06/01/52 (a) | 100,000 | 89,945 |
AngloGold Ashanti Holdings PLC | ||
3.38%, 11/01/28 (a) | 200,000 | 179,420 |
3.75%, 10/01/30 (a) | 200,000 | 173,274 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ArcelorMittal SA | ||
6.55%, 11/29/27 (a) | 200,000 | 208,244 |
4.25%, 07/16/29 | 100,000 | 94,807 |
6.80%, 11/29/32 (a) | 150,000 | 158,859 |
7.00%, 10/15/39 | 100,000 | 106,742 |
6.75%, 03/01/41 (f) | 100,000 | 102,822 |
Barrick Gold Corp. | ||
6.45%, 10/15/35 | 150,000 | 162,711 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 100,000 | 101,328 |
5.75%, 05/01/43 | 150,000 | 153,556 |
Barrick PD Australia Finance Pty. Ltd. | ||
5.95%, 10/15/39 | 150,000 | 153,631 |
BHP Billiton Finance USA Ltd. | ||
4.88%, 02/27/26 | 150,000 | 149,434 |
6.42%, 03/01/26 | 150,000 | 153,703 |
5.25%, 09/08/26 | 150,000 | 150,969 |
4.75%, 02/28/28 (a) | 200,000 | 198,710 |
5.10%, 09/08/28 (a) | 150,000 | 151,005 |
5.25%, 09/08/30 (a) | 150,000 | 151,338 |
4.90%, 02/28/33 (a) | 150,000 | 148,108 |
5.25%, 09/08/33 (a) | 250,000 | 251,222 |
4.13%, 02/24/42 | 95,000 | 81,920 |
5.00%, 09/30/43 | 450,000 | 430,978 |
5.50%, 09/08/53 (a) | 150,000 | 153,343 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 150,000 | 140,207 |
Celanese U.S. Holdings LLC | ||
6.05%, 03/15/25 | 200,000 | 200,484 |
1.40%, 08/05/26 (a) | 100,000 | 90,626 |
6.17%, 07/15/27 (a) | 350,000 | 355,470 |
6.35%, 11/15/28 (a) | 200,000 | 205,954 |
6.33%, 07/15/29 (a) | 200,000 | 205,618 |
6.55%, 11/15/30 (a) | 100,000 | 103,905 |
6.38%, 07/15/32 (a) | 100,000 | 102,733 |
6.70%, 11/15/33 (a) | 200,000 | 210,250 |
Celulosa Arauco y Constitucion SA | ||
3.88%, 11/02/27 (a) | 200,000 | 187,878 |
CF Industries, Inc. | ||
5.15%, 03/15/34 | 100,000 | 96,988 |
4.95%, 06/01/43 | 100,000 | 88,628 |
5.38%, 03/15/44 | 150,000 | 140,177 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 100,000 | 99,300 |
7.38%, 11/01/29 | 174,000 | 193,015 |
2.10%, 11/15/30 (a) | 150,000 | 125,303 |
6.30%, 03/15/33 (a) | 100,000 | 107,159 |
5.15%, 02/15/34 (a) | 150,000 | 147,817 |
4.25%, 10/01/34 (a) | 50,000 | 46,068 |
9.40%, 05/15/39 | 100,000 | 133,526 |
5.25%, 11/15/41 (a) | 100,000 | 93,858 |
4.38%, 11/15/42 (a) | 250,000 | 211,217 |
4.63%, 10/01/44 (a) | 100,000 | 86,849 |
5.55%, 11/30/48 (a) | 150,000 | 146,046 |
4.80%, 05/15/49 (a) | 150,000 | 130,635 |
3.60%, 11/15/50 (a) | 150,000 | 109,239 |
6.90%, 05/15/53 (a) | 150,000 | 171,667 |
5.60%, 02/15/54 (a) | 100,000 | 98,086 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 300,000 | 296,571 |
4.73%, 11/15/28 (a) | 400,000 | 398,068 |
5.32%, 11/15/38 (a) | 250,000 | 247,485 |
5.42%, 11/15/48 (a) | 400,000 | 393,656 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 150,000 | 147,377 |
4.50%, 12/01/28 (a) | 150,000 | 145,650 |
5.75%, 03/08/33 (a) | 100,000 | 100,886 |
5.63%, 02/20/34 (a) | 100,000 | 99,434 |
4.80%, 09/01/42 (a) | 100,000 | 87,825 |
4.65%, 10/15/44 (a) | 100,000 | 84,612 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 150,000 | 142,226 |
1.65%, 02/01/27 (a) | 100,000 | 91,441 |
3.25%, 12/01/27 (a) | 150,000 | 142,170 |
4.80%, 03/24/30 (a) | 200,000 | 199,828 |
1.30%, 01/30/31 (a) | 100,000 | 79,207 |
2.13%, 02/01/32 (a) | 150,000 | 123,051 |
2.13%, 08/15/50 (a) | 100,000 | 57,864 |
2.70%, 12/15/51 (a) | 150,000 | 94,961 |
2.75%, 08/18/55 (a) | 150,000 | 93,378 |
EIDP, Inc. | ||
1.70%, 07/15/25 (a) | 200,000 | 190,150 |
4.80%, 05/15/33 (a) | 150,000 | 146,933 |
FMC Corp. | ||
5.15%, 05/18/26 (a) | 100,000 | 98,763 |
3.20%, 10/01/26 (a) | 100,000 | 93,771 |
3.45%, 10/01/29 (a) | 100,000 | 88,930 |
5.65%, 05/18/33 (a) | 50,000 | 48,449 |
4.50%, 10/01/49 (a) | 100,000 | 74,393 |
6.38%, 05/18/53 (a) | 100,000 | 97,811 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 150,000 | 147,775 |
4.13%, 03/01/28 (a) | 100,000 | 94,992 |
5.25%, 09/01/29 (a) | 100,000 | 99,567 |
4.63%, 08/01/30 (a) | 200,000 | 190,888 |
5.40%, 11/14/34 (a) | 100,000 | 97,320 |
5.45%, 03/15/43 (a) | 300,000 | 279,900 |
Georgia-Pacific LLC | ||
7.75%, 11/15/29 | 75,000 | 85,247 |
8.88%, 05/15/31 | 100,000 | 123,007 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 100,000 | 95,047 |
2.95%, 06/15/31 (a) | 100,000 | 82,527 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 100,000 | 96,618 |
4.38%, 06/01/47 (a) | 100,000 | 74,887 |
5.00%, 09/26/48 (a) | 150,000 | 125,984 |
International Paper Co. | ||
7.30%, 11/15/39 | 100,000 | 116,409 |
6.00%, 11/15/41 (a) | 100,000 | 103,114 |
4.80%, 06/15/44 (a) | 100,000 | 89,182 |
5.15%, 05/15/46 (a) | 100,000 | 93,425 |
4.40%, 08/15/47 (a) | 100,000 | 83,308 |
4.35%, 08/15/48 (a) | 100,000 | 84,919 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 100,000 | 97,268 |
6.25%, 07/15/33 (a)(d) | 100,000 | 102,372 |
Linde, Inc. | ||
4.70%, 12/05/25 (a) | 150,000 | 149,343 |
3.20%, 01/30/26 (a) | 150,000 | 145,434 |
1.10%, 08/10/30 (a) | 200,000 | 160,146 |
2.00%, 08/10/50 (a) | 150,000 | 84,537 |
LYB International Finance BV | ||
5.25%, 07/15/43 | 150,000 | 137,858 |
4.88%, 03/15/44 (a) | 150,000 | 131,706 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 150,000 | 142,913 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 100,000 | 83,338 |
3.38%, 10/01/40 (a) | 150,000 | 111,278 |
4.20%, 10/15/49 (a) | 100,000 | 77,302 |
4.20%, 05/01/50 (a) | 250,000 | 193,347 |
3.63%, 04/01/51 (a) | 250,000 | 173,892 |
3.80%, 10/01/60 (a) | 100,000 | 67,826 |
LyondellBasell Industries NV | ||
4.63%, 02/26/55 (a) | 100,000 | 82,225 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 100,000 | 96,172 |
5.45%, 11/15/33 (a) | 75,000 | 74,223 |
4.88%, 11/15/41 (a) | 100,000 | 87,666 |
5.63%, 11/15/43 (a) | 100,000 | 95,919 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 100,000 | 83,183 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 100,000 | 88,920 |
2.25%, 10/01/30 (a) | 200,000 | 167,418 |
2.60%, 07/15/32 (a) | 200,000 | 164,628 |
5.88%, 04/01/35 | 100,000 | 103,104 |
6.25%, 10/01/39 | 150,000 | 158,880 |
4.88%, 03/15/42 (a) | 230,000 | 211,662 |
5.45%, 06/09/44 (a) | 100,000 | 97,798 |
Newmont Corp./Newcrest Finance Pty. Ltd. | ||
3.25%, 05/13/30 (a)(d) | 100,000 | 89,649 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 100,000 | 95,966 |
3.95%, 05/01/28 (a) | 150,000 | 145,079 |
2.70%, 06/01/30 (a) | 150,000 | 132,357 |
3.13%, 04/01/32 (a) | 100,000 | 87,402 |
6.40%, 12/01/37 | 50,000 | 54,758 |
5.20%, 08/01/43 (a) | 75,000 | 73,469 |
3.85%, 04/01/52 (a) | 100,000 | 78,664 |
2.98%, 12/15/55 (a) | 200,000 | 129,168 |
Nutrien Ltd. | ||
5.95%, 11/07/25 | 150,000 | 151,302 |
4.00%, 12/15/26 (a) | 100,000 | 96,915 |
4.90%, 03/27/28 (a) | 150,000 | 148,846 |
4.20%, 04/01/29 (a) | 100,000 | 96,143 |
2.95%, 05/13/30 (a) | 150,000 | 132,810 |
5.88%, 12/01/36 | 50,000 | 51,242 |
5.63%, 12/01/40 | 100,000 | 98,013 |
6.13%, 01/15/41 (a) | 45,000 | 46,264 |
4.90%, 06/01/43 (a) | 100,000 | 90,554 |
5.25%, 01/15/45 (a) | 50,000 | 46,642 |
5.00%, 04/01/49 (a) | 100,000 | 90,392 |
3.95%, 05/13/50 (a) | 150,000 | 117,188 |
5.80%, 03/27/53 (a) | 150,000 | 150,477 |
Packaging Corp. of America | ||
3.00%, 12/15/29 (a) | 150,000 | 134,585 |
4.05%, 12/15/49 (a) | 100,000 | 79,067 |
3.05%, 10/01/51 (a) | 150,000 | 100,107 |
PPG Industries, Inc. | ||
1.20%, 03/15/26 (a) | 100,000 | 92,458 |
2.80%, 08/15/29 (a) | 100,000 | 89,738 |
2.55%, 06/15/30 (a) | 200,000 | 172,716 |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 75,000 | 61,256 |
Reliance, Inc. | ||
2.15%, 08/15/30 (a) | 200,000 | 166,060 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 100,000 | 111,983 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 100,000 | 108,980 |
5.20%, 11/02/40 | 250,000 | 246,422 |
2.75%, 11/02/51 (a) | 250,000 | 158,762 |
Rio Tinto Finance USA PLC | ||
5.00%, 03/09/33 (a) | 150,000 | 150,046 |
4.75%, 03/22/42 (a) | 100,000 | 93,925 |
4.13%, 08/21/42 (a) | 200,000 | 171,542 |
5.13%, 03/09/53 (a) | 200,000 | 192,544 |
Rohm & Haas Co. | ||
7.85%, 07/15/29 | 100,000 | 111,118 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 50,000 | 47,755 |
4.55%, 03/01/29 (a) | 100,000 | 96,278 |
4.25%, 01/15/48 (a) | 100,000 | 80,951 |
Sherwin-Williams Co. | ||
4.25%, 08/08/25 | 100,000 | 98,515 |
3.45%, 06/01/27 (a) | 250,000 | 238,190 |
2.95%, 08/15/29 (a) | 200,000 | 179,926 |
2.30%, 05/15/30 (a) | 100,000 | 85,038 |
2.20%, 03/15/32 (a) | 150,000 | 121,485 |
4.00%, 12/15/42 (a) | 100,000 | 81,886 |
4.50%, 06/01/47 (a) | 200,000 | 172,872 |
3.80%, 08/15/49 (a) | 100,000 | 77,326 |
3.30%, 05/15/50 (a) | 100,000 | 70,077 |
2.90%, 03/15/52 (a) | 100,000 | 64,671 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 98,097 |
7.50%, 07/27/35 | 150,000 | 172,956 |
6.75%, 04/16/40 | 200,000 | 220,920 |
5.25%, 11/08/42 | 250,000 | 235,560 |
5.88%, 04/23/45 | 250,000 | 249,117 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 100,000 | 96,096 |
5.00%, 12/15/26 (a) | 100,000 | 99,248 |
1.65%, 10/15/27 (a) | 75,000 | 66,720 |
3.45%, 04/15/30 (a) | 100,000 | 90,921 |
3.25%, 10/15/50 (a) | 75,000 | 49,204 |
Suzano Austria GmbH | ||
2.50%, 09/15/28 (a) | 100,000 | 87,414 |
6.00%, 01/15/29 (a) | 200,000 | 200,130 |
5.00%, 01/15/30 (a) | 200,000 | 190,596 |
3.75%, 01/15/31 (a) | 250,000 | 218,765 |
3.13%, 01/15/32 (a) | 200,000 | 164,478 |
Suzano International Finance BV | ||
5.50%, 01/17/27 | 200,000 | 199,832 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 100,000 | 91,350 |
6.00%, 08/15/40 (a) | 95,000 | 94,316 |
5.20%, 03/01/42 (a) | 100,000 | 90,434 |
5.40%, 02/01/43 (a) | 100,000 | 92,832 |
Vale Overseas Ltd. | ||
3.75%, 07/08/30 (a) | 300,000 | 270,057 |
6.13%, 06/12/33 (a) | 400,000 | 404,220 |
6.88%, 11/21/36 | 250,000 | 267,992 |
6.88%, 11/10/39 | 200,000 | 214,548 |
Westlake Corp. | ||
3.60%, 08/15/26 (a) | 100,000 | 96,263 |
3.38%, 06/15/30 (a) | 100,000 | 89,409 |
5.00%, 08/15/46 (a) | 100,000 | 89,132 |
4.38%, 11/15/47 (a) | 100,000 | 82,363 |
3.13%, 08/15/51 (a) | 125,000 | 78,865 |
3.38%, 08/15/61 (a) | 100,000 | 62,105 |
WestRock MWV LLC | ||
7.95%, 02/15/31 | 150,000 | 171,205 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 100,000 | 106,158 |
4.00%, 11/15/29 (a) | 150,000 | 141,005 |
4.00%, 04/15/30 (a) | 150,000 | 140,262 |
7.38%, 03/15/32 | 100,000 | 113,025 |
3.38%, 03/09/33 (a) | 100,000 | 86,515 |
4.00%, 03/09/52 (a) | 75,000 | 59,011 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 100,000 | 98,030 |
4.65%, 03/15/26 (a) | 250,000 | 246,832 |
4.00%, 03/15/28 (a) | 150,000 | 143,289 |
3.90%, 06/01/28 (a) | 100,000 | 94,836 |
4.90%, 03/15/29 (a) | 100,000 | 99,083 |
3.00%, 06/15/33 (a) | 150,000 | 126,587 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(d) | 50,000 | 41,307 |
30,528,702 | ||
Capital Goods 1.3% | ||
3M Co. | ||
2.65%, 04/15/25 (a) | 150,000 | 145,324 |
3.00%, 08/07/25 | 100,000 | 96,927 |
2.88%, 10/15/27 (a) | 100,000 | 92,640 |
3.63%, 09/14/28 (a) | 150,000 | 141,624 |
3.38%, 03/01/29 (a) | 200,000 | 184,252 |
3.05%, 04/15/30 (a) | 200,000 | 177,470 |
3.88%, 06/15/44 | 100,000 | 78,720 |
3.13%, 09/19/46 (a) | 100,000 | 69,092 |
3.63%, 10/15/47 (a) | 150,000 | 108,854 |
4.00%, 09/14/48 (a) | 150,000 | 121,211 |
3.25%, 08/26/49 (a) | 200,000 | 137,966 |
3.70%, 04/15/50 (a) | 100,000 | 74,145 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 200,000 | 194,600 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 100,000 | 82,108 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 100,000 | 91,439 |
Allegion U.S. Holding Co., Inc. | ||
5.41%, 07/01/32 (a) | 100,000 | 99,992 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 150,000 | 144,571 |
4.50%, 05/15/28 (a) | 100,000 | 97,304 |
5.63%, 05/26/33 (a) | 75,000 | 76,319 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 100,000 | 85,430 |
2.69%, 05/25/31 (a) | 150,000 | 126,501 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 100,000 | 96,676 |
2.80%, 02/15/30 (a) | 150,000 | 133,686 |
2.20%, 09/15/31 (a) | 200,000 | 164,180 |
AptarGroup, Inc. | ||
3.60%, 03/15/32 (a) | 100,000 | 87,881 |
Avery Dennison Corp. | ||
2.65%, 04/30/30 (a) | 100,000 | 87,075 |
2.25%, 02/15/32 (a) | 100,000 | 81,308 |
5.75%, 03/15/33 (a) | 100,000 | 103,660 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 350,000 | 326,116 |
5.50%, 04/15/28 (a)(d) | 100,000 | 99,511 |
5.65%, 01/15/34 (a)(d) | 150,000 | 148,122 |
Boeing Co. | ||
4.88%, 05/01/25 (a) | 600,000 | 594,996 |
2.60%, 10/30/25 (a) | 50,000 | 47,678 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.75%, 02/01/26 (a) | 250,000 | 237,417 |
2.20%, 02/04/26 (a) | 950,000 | 892,268 |
3.10%, 05/01/26 (a) | 150,000 | 142,860 |
2.25%, 06/15/26 (a) | 50,000 | 46,571 |
2.70%, 02/01/27 (a) | 200,000 | 186,214 |
2.80%, 03/01/27 (a) | 100,000 | 92,878 |
5.04%, 05/01/27 (a) | 300,000 | 297,282 |
3.25%, 02/01/28 (a) | 250,000 | 231,862 |
3.45%, 11/01/28 (a) | 50,000 | 46,089 |
3.20%, 03/01/29 (a) | 150,000 | 135,716 |
2.95%, 02/01/30 (a) | 150,000 | 131,325 |
5.15%, 05/01/30 (a) | 800,000 | 786,872 |
3.63%, 02/01/31 (a) | 250,000 | 223,895 |
6.13%, 02/15/33 | 75,000 | 77,903 |
3.60%, 05/01/34 (a) | 100,000 | 84,355 |
3.25%, 02/01/35 (a) | 150,000 | 120,588 |
6.63%, 02/15/38 | 100,000 | 105,591 |
3.55%, 03/01/38 (a) | 100,000 | 77,379 |
3.50%, 03/01/39 (a) | 50,000 | 37,946 |
6.88%, 03/15/39 | 80,000 | 87,169 |
5.88%, 02/15/40 | 100,000 | 98,671 |
5.71%, 05/01/40 (a) | 550,000 | 535,953 |
3.38%, 06/15/46 (a) | 75,000 | 51,497 |
3.65%, 03/01/47 (a) | 50,000 | 35,379 |
3.63%, 03/01/48 (a) | 50,000 | 34,820 |
3.85%, 11/01/48 (a) | 100,000 | 71,875 |
3.90%, 05/01/49 (a) | 100,000 | 73,462 |
3.75%, 02/01/50 (a) | 175,000 | 124,474 |
5.81%, 05/01/50 (a) | 925,000 | 889,646 |
3.83%, 03/01/59 (a) | 50,000 | 34,679 |
3.95%, 08/01/59 (a) | 150,000 | 106,407 |
5.93%, 05/01/60 (a) | 600,000 | 575,442 |
Carlisle Cos., Inc. | ||
3.75%, 12/01/27 (a) | 150,000 | 142,659 |
2.75%, 03/01/30 (a) | 150,000 | 130,514 |
2.20%, 03/01/32 (a) | 100,000 | 79,239 |
Carrier Global Corp. | ||
5.80%, 11/30/25 | 200,000 | 201,518 |
2.49%, 02/15/27 (a) | 56,000 | 52,054 |
2.72%, 02/15/30 (a) | 400,000 | 350,384 |
2.70%, 02/15/31 (a)(d) | 150,000 | 127,977 |
5.90%, 03/15/34 (a) | 200,000 | 209,050 |
3.38%, 04/05/40 (a) | 300,000 | 231,729 |
3.58%, 04/05/50 (a)(d) | 325,000 | 239,769 |
6.20%, 03/15/54 (a) | 100,000 | 109,192 |
Caterpillar Financial Services Corp. | ||
3.40%, 05/13/25 | 200,000 | 195,788 |
1.45%, 05/15/25 | 100,000 | 95,652 |
5.15%, 08/11/25 | 150,000 | 150,007 |
3.65%, 08/12/25 | 150,000 | 147,010 |
0.80%, 11/13/25 | 200,000 | 186,538 |
5.05%, 02/27/26 | 150,000 | 150,111 |
0.90%, 03/02/26 | 100,000 | 92,333 |
4.35%, 05/15/26 | 200,000 | 197,636 |
2.40%, 08/09/26 | 162,000 | 152,821 |
1.15%, 09/14/26 | 100,000 | 91,175 |
1.70%, 01/08/27 | 100,000 | 91,993 |
3.60%, 08/12/27 | 150,000 | 144,528 |
1.10%, 09/14/27 | 250,000 | 220,352 |
Caterpillar, Inc. | ||
2.60%, 09/19/29 (a) | 100,000 | 90,079 |
2.60%, 04/09/30 (a) | 200,000 | 177,894 |
1.90%, 03/12/31 (a) | 200,000 | 167,990 |
5.30%, 09/15/35 | 100,000 | 104,807 |
6.05%, 08/15/36 | 100,000 | 109,781 |
5.20%, 05/27/41 | 150,000 | 151,747 |
3.80%, 08/15/42 | 250,000 | 208,775 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.30%, 05/15/44 (a) | 100,000 | 90,482 |
3.25%, 09/19/49 (a) | 100,000 | 73,679 |
3.25%, 04/09/50 (a) | 250,000 | 185,165 |
4.75%, 05/15/64 (a) | 100,000 | 90,876 |
CNH Industrial Capital LLC | ||
3.95%, 05/23/25 | 100,000 | 98,146 |
1.88%, 01/15/26 (a) | 250,000 | 234,432 |
1.45%, 07/15/26 (a) | 100,000 | 91,481 |
4.55%, 04/10/28 (a) | 100,000 | 97,904 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 100,000 | 96,023 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 150,000 | 146,113 |
5.38%, 10/16/29 | 112,000 | 115,790 |
3.10%, 04/15/30 (a) | 150,000 | 136,548 |
3.90%, 06/09/42 (a) | 300,000 | 256,389 |
2.88%, 09/07/49 (a) | 100,000 | 69,783 |
3.75%, 04/15/50 (a) | 150,000 | 123,030 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 150,000 | 144,708 |
5.38%, 03/01/41 (a) | 100,000 | 98,620 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 150,000 | 124,728 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 150,000 | 141,925 |
4.35%, 05/18/28 (a) | 100,000 | 98,534 |
4.00%, 11/02/32 | 96,000 | 90,021 |
4.15%, 03/15/33 (a) | 200,000 | 188,518 |
4.15%, 11/02/42 | 150,000 | 130,352 |
3.92%, 09/15/47 (a) | 100,000 | 82,153 |
4.70%, 08/23/52 (a) | 100,000 | 92,432 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 150,000 | 135,647 |
1.80%, 10/15/27 (a) | 150,000 | 135,093 |
2.00%, 12/21/28 (a) | 200,000 | 176,534 |
2.20%, 12/21/31 (a) | 200,000 | 165,962 |
5.25%, 11/15/39 | 50,000 | 50,567 |
2.75%, 10/15/50 (a) | 100,000 | 64,097 |
2.80%, 12/21/51 (a) | 200,000 | 129,058 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 150,000 | 132,081 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 150,000 | 143,287 |
4.30%, 06/15/46 (a) | 80,000 | 66,080 |
Fortune Brands Innovations, Inc. | ||
4.00%, 06/15/25 (a) | 100,000 | 98,159 |
3.25%, 09/15/29 (a) | 100,000 | 90,431 |
4.00%, 03/25/32 (a) | 100,000 | 90,774 |
5.88%, 06/01/33 (a) | 100,000 | 101,632 |
4.50%, 03/25/52 (a) | 100,000 | 81,387 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 250,000 | 240,295 |
GE Capital International Funding Co. Unlimited Co. | ||
3.37%, 11/15/25 | 100,000 | 96,852 |
4.42%, 11/15/35 | 200,000 | 187,356 |
General Dynamics Corp. | ||
3.25%, 04/01/25 (a) | 100,000 | 97,923 |
3.50%, 05/15/25 (a) | 100,000 | 98,106 |
1.15%, 06/01/26 (a) | 100,000 | 92,129 |
2.13%, 08/15/26 (a) | 100,000 | 93,626 |
3.50%, 04/01/27 (a) | 100,000 | 96,269 |
3.75%, 05/15/28 (a) | 300,000 | 288,834 |
3.63%, 04/01/30 (a) | 150,000 | 140,108 |
2.25%, 06/01/31 (a) | 100,000 | 83,995 |
4.25%, 04/01/40 (a) | 100,000 | 89,199 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.85%, 06/01/41 (a) | 100,000 | 72,469 |
3.60%, 11/15/42 (a) | 150,000 | 120,899 |
4.25%, 04/01/50 (a) | 150,000 | 129,317 |
General Electric Co. | ||
6.75%, 03/15/32 | 200,000 | 222,210 |
5.88%, 01/14/38 | 100,000 | 106,328 |
6.88%, 01/10/39 | 100,000 | 118,295 |
4.35%, 05/01/50 (a) | 150,000 | 132,336 |
HEICO Corp. | ||
5.25%, 08/01/28 (a) | 100,000 | 100,741 |
5.35%, 08/01/33 (a) | 100,000 | 99,511 |
Hexcel Corp. | ||
4.20%, 02/15/27 (a) | 200,000 | 190,550 |
Honeywell International, Inc. | ||
1.35%, 06/01/25 (a) | 200,000 | 191,106 |
2.50%, 11/01/26 (a) | 300,000 | 282,819 |
1.10%, 03/01/27 (a) | 200,000 | 179,748 |
4.25%, 01/15/29 (a) | 200,000 | 195,694 |
2.70%, 08/15/29 (a) | 150,000 | 135,035 |
1.95%, 06/01/30 (a) | 200,000 | 169,130 |
1.75%, 09/01/31 (a) | 150,000 | 120,608 |
5.00%, 02/15/33 (a) | 225,000 | 225,612 |
4.50%, 01/15/34 (a) | 200,000 | 192,572 |
5.00%, 03/01/35 | 150,000 | 149,743 |
5.70%, 03/15/37 | 100,000 | 104,926 |
3.81%, 11/21/47 (a) | 150,000 | 121,268 |
2.80%, 06/01/50 (a) | 150,000 | 103,746 |
5.25%, 03/01/54 | 300,000 | 299,523 |
5.35%, 03/01/64 | 150,000 | 150,016 |
Howmet Aerospace, Inc. | ||
6.88%, 05/01/25 (a) | 100,000 | 101,102 |
5.90%, 02/01/27 | 100,000 | 101,099 |
6.75%, 01/15/28 | 100,000 | 104,350 |
3.00%, 01/15/29 (a) | 100,000 | 89,705 |
5.95%, 02/01/37 | 100,000 | 102,181 |
Hubbell, Inc. | ||
3.50%, 02/15/28 (a) | 100,000 | 94,511 |
2.30%, 03/15/31 (a) | 100,000 | 82,874 |
Huntington Ingalls Industries, Inc. | ||
3.84%, 05/01/25 (a) | 200,000 | 195,776 |
3.48%, 12/01/27 (a) | 100,000 | 93,747 |
2.04%, 08/16/28 (a) | 100,000 | 86,974 |
4.20%, 05/01/30 (a) | 100,000 | 94,086 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 200,000 | 174,714 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 200,000 | 190,198 |
3.90%, 09/01/42 (a) | 300,000 | 255,639 |
Ingersoll Rand, Inc. | ||
5.70%, 08/14/33 (a) | 200,000 | 203,628 |
John Deere Capital Corp. | ||
2.13%, 03/07/25 | 200,000 | 194,046 |
3.45%, 03/13/25 | 200,000 | 196,450 |
3.40%, 06/06/25 | 250,000 | 244,975 |
4.05%, 09/08/25 | 200,000 | 197,222 |
4.80%, 01/09/26 | 200,000 | 199,538 |
0.70%, 01/15/26 | 100,000 | 92,588 |
4.75%, 06/08/26 | 150,000 | 149,575 |
2.65%, 06/10/26 | 200,000 | 190,688 |
1.05%, 06/17/26 | 100,000 | 91,700 |
1.30%, 10/13/26 | 100,000 | 91,402 |
4.50%, 01/08/27 | 100,000 | 99,235 |
1.70%, 01/11/27 | 200,000 | 183,264 |
1.75%, 03/09/27 | 200,000 | 182,958 |
4.15%, 09/15/27 | 200,000 | 196,108 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.05%, 01/06/28 | 50,000 | 47,211 |
4.75%, 01/20/28 | 200,000 | 199,962 |
1.50%, 03/06/28 | 150,000 | 132,249 |
4.95%, 07/14/28 | 250,000 | 251,577 |
4.50%, 01/16/29 | 150,000 | 147,901 |
3.45%, 03/07/29 | 100,000 | 94,394 |
2.80%, 07/18/29 | 150,000 | 136,481 |
2.45%, 01/09/30 | 100,000 | 87,993 |
4.70%, 06/10/30 | 200,000 | 198,556 |
1.45%, 01/15/31 | 200,000 | 161,588 |
2.00%, 06/17/31 | 100,000 | 82,777 |
3.90%, 06/07/32 | 100,000 | 93,271 |
4.35%, 09/15/32 | 150,000 | 145,218 |
5.15%, 09/08/33 | 175,000 | 178,160 |
Johnson Controls International PLC | ||
6.00%, 01/15/36 | 50,000 | 52,602 |
4.63%, 07/02/44 (a) | 95,000 | 83,148 |
5.13%, 09/14/45 (a) | 41,000 | 38,242 |
4.50%, 02/15/47 (a) | 100,000 | 86,041 |
4.95%, 07/02/64 (a)(g) | 100,000 | 89,280 |
Johnson Controls International PLC/Tyco Fire & Security Finance SCA | ||
1.75%, 09/15/30 (a) | 150,000 | 122,447 |
2.00%, 09/16/31 (a) | 100,000 | 80,529 |
4.90%, 12/01/32 (a) | 100,000 | 98,293 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 100,000 | 97,334 |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 150,000 | 147,271 |
5.40%, 01/15/27 | 225,000 | 226,543 |
4.40%, 06/15/28 (a) | 300,000 | 291,578 |
2.90%, 12/15/29 (a) | 50,000 | 44,343 |
1.80%, 01/15/31 (a) | 200,000 | 160,902 |
5.40%, 07/31/33 (a) | 275,000 | 275,415 |
6.15%, 12/15/40 | 95,000 | 100,000 |
5.05%, 04/27/45 (a) | 100,000 | 93,697 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 100,000 | 93,421 |
4.40%, 03/15/29 (a) | 100,000 | 94,792 |
3.50%, 11/15/51 (a) | 100,000 | 69,538 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 94,318 |
1.70%, 08/01/27 (a) | 75,000 | 67,262 |
Lockheed Martin Corp. | ||
4.95%, 10/15/25 (a) | 100,000 | 99,891 |
3.55%, 01/15/26 (a) | 175,000 | 170,550 |
5.10%, 11/15/27 (a) | 150,000 | 151,642 |
4.45%, 05/15/28 (a) | 100,000 | 98,596 |
4.50%, 02/15/29 (a) | 100,000 | 98,267 |
3.90%, 06/15/32 (a) | 150,000 | 139,223 |
5.25%, 01/15/33 (a) | 150,000 | 153,048 |
4.75%, 02/15/34 (a) | 150,000 | 146,679 |
4.80%, 08/15/34 (a) | 100,000 | 97,929 |
3.60%, 03/01/35 (a) | 100,000 | 87,479 |
4.50%, 05/15/36 (a) | 50,000 | 47,306 |
6.15%, 09/01/36 | 100,000 | 108,287 |
5.72%, 06/01/40 | 100,000 | 105,163 |
4.07%, 12/15/42 | 200,000 | 171,776 |
3.80%, 03/01/45 (a) | 150,000 | 121,620 |
4.70%, 05/15/46 (a) | 250,000 | 231,005 |
2.80%, 06/15/50 (a) | 150,000 | 99,276 |
4.09%, 09/15/52 (a) | 288,000 | 239,521 |
4.15%, 06/15/53 (a) | 150,000 | 124,808 |
5.70%, 11/15/54 (a) | 150,000 | 158,367 |
5.20%, 02/15/55 (a) | 150,000 | 147,613 |
4.30%, 06/15/62 (a) | 50,000 | 41,755 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.90%, 11/15/63 (a) | 150,000 | 163,150 |
5.20%, 02/15/64 (a) | 100,000 | 97,801 |
Martin Marietta Materials, Inc. | ||
3.45%, 06/01/27 (a) | 50,000 | 47,756 |
3.50%, 12/15/27 (a) | 50,000 | 47,471 |
2.50%, 03/15/30 (a) | 100,000 | 86,550 |
2.40%, 07/15/31 (a) | 200,000 | 166,286 |
4.25%, 12/15/47 (a) | 100,000 | 83,283 |
3.20%, 07/15/51 (a) | 150,000 | 103,955 |
Masco Corp. | ||
1.50%, 02/15/28 (a) | 100,000 | 86,890 |
2.00%, 10/01/30 (a) | 100,000 | 81,463 |
2.00%, 02/15/31 (a) | 125,000 | 101,611 |
4.50%, 05/15/47 (a) | 100,000 | 83,669 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 160,000 | 145,782 |
Nordson Corp. | ||
5.80%, 09/15/33 (a) | 100,000 | 103,343 |
Northrop Grumman Corp. | ||
3.20%, 02/01/27 (a) | 100,000 | 95,316 |
3.25%, 01/15/28 (a) | 300,000 | 281,454 |
4.60%, 02/01/29 (a) | 150,000 | 147,060 |
4.40%, 05/01/30 (a) | 150,000 | 144,651 |
4.70%, 03/15/33 (a) | 150,000 | 144,903 |
4.90%, 06/01/34 (a) | 150,000 | 146,221 |
5.15%, 05/01/40 (a) | 100,000 | 97,208 |
5.05%, 11/15/40 | 100,000 | 96,262 |
4.75%, 06/01/43 | 150,000 | 136,392 |
4.03%, 10/15/47 (a) | 400,000 | 322,644 |
5.25%, 05/01/50 (a) | 200,000 | 193,286 |
4.95%, 03/15/53 (a) | 150,000 | 138,971 |
5.20%, 06/01/54 (a) | 200,000 | 192,408 |
nVent Finance SARL | ||
4.55%, 04/15/28 (a) | 150,000 | 144,756 |
5.65%, 05/15/33 (a) | 100,000 | 100,053 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 100,000 | 88,340 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 200,000 | 192,694 |
2.29%, 04/05/27 (a) | 100,000 | 92,495 |
5.25%, 08/16/28 (a) | 100,000 | 100,890 |
2.57%, 02/15/30 (a) | 250,000 | 218,022 |
3.11%, 02/15/40 (a) | 175,000 | 133,191 |
3.36%, 02/15/50 (a) | 125,000 | 90,491 |
Owens Corning | ||
3.95%, 08/15/29 (a) | 100,000 | 94,411 |
3.88%, 06/01/30 (a) | 100,000 | 92,271 |
7.00%, 12/01/36 | 100,000 | 111,259 |
4.30%, 07/15/47 (a) | 100,000 | 82,091 |
4.40%, 01/30/48 (a) | 100,000 | 82,478 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27 (a) | 100,000 | 95,163 |
4.25%, 09/15/27 (a) | 200,000 | 195,662 |
3.25%, 06/14/29 (a) | 150,000 | 138,084 |
4.50%, 09/15/29 (a) | 200,000 | 195,672 |
4.20%, 11/21/34 (a) | 150,000 | 138,255 |
6.25%, 05/15/38 | 50,000 | 53,923 |
4.45%, 11/21/44 (a) | 100,000 | 87,837 |
4.10%, 03/01/47 (a) | 100,000 | 82,266 |
4.00%, 06/14/49 (a) | 100,000 | 81,708 |
Pentair Finance SARL | ||
4.50%, 07/01/29 (a) | 75,000 | 72,389 |
5.90%, 07/15/32 (a) | 50,000 | 51,400 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 100,000 | 97,739 |
3.90%, 01/15/43 (a) | 100,000 | 84,506 |
4.38%, 06/15/45 (a) | 100,000 | 87,951 |
Regal Rexnord Corp. | ||
6.05%, 02/15/26 (d) | 200,000 | 201,046 |
6.05%, 04/15/28 (a)(d) | 200,000 | 201,256 |
6.30%, 02/15/30 (a)(d) | 200,000 | 203,682 |
6.40%, 04/15/33 (a)(d) | 200,000 | 205,434 |
Republic Services, Inc. | ||
0.88%, 11/15/25 (a) | 100,000 | 92,795 |
2.90%, 07/01/26 (a) | 200,000 | 191,082 |
3.38%, 11/15/27 (a) | 150,000 | 142,339 |
3.95%, 05/15/28 (a) | 100,000 | 96,282 |
4.88%, 04/01/29 (a) | 100,000 | 99,629 |
2.30%, 03/01/30 (a) | 200,000 | 171,966 |
1.45%, 02/15/31 (a) | 250,000 | 197,045 |
5.00%, 12/15/33 (a) | 100,000 | 98,393 |
5.00%, 04/01/34 (a) | 150,000 | 147,768 |
6.20%, 03/01/40 | 100,000 | 109,096 |
3.05%, 03/01/50 (a) | 100,000 | 69,368 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 100,000 | 95,369 |
1.75%, 08/15/31 (a) | 100,000 | 80,351 |
4.20%, 03/01/49 (a) | 100,000 | 85,298 |
2.80%, 08/15/61 (a) | 100,000 | 59,914 |
RTX Corp. | ||
3.95%, 08/16/25 (a) | 250,000 | 245,252 |
5.00%, 02/27/26 (a) | 100,000 | 99,781 |
2.65%, 11/01/26 (a) | 150,000 | 141,251 |
5.75%, 11/08/26 (a) | 225,000 | 228,357 |
3.50%, 03/15/27 (a) | 200,000 | 191,228 |
3.13%, 05/04/27 (a) | 200,000 | 188,796 |
4.13%, 11/16/28 (a) | 500,000 | 480,385 |
5.75%, 01/15/29 (a) | 200,000 | 205,998 |
7.50%, 09/15/29 | 100,000 | 111,058 |
2.25%, 07/01/30 (a) | 150,000 | 127,013 |
6.00%, 03/15/31 (a) | 175,000 | 182,392 |
1.90%, 09/01/31 (a) | 200,000 | 159,522 |
2.38%, 03/15/32 (a) | 200,000 | 162,286 |
5.15%, 02/27/33 (a) | 200,000 | 198,152 |
6.10%, 03/15/34 (a) | 275,000 | 290,856 |
6.05%, 06/01/36 | 100,000 | 104,962 |
6.13%, 07/15/38 | 100,000 | 105,798 |
4.45%, 11/16/38 (a) | 100,000 | 88,977 |
5.70%, 04/15/40 | 100,000 | 100,385 |
4.88%, 10/15/40 (d) | 50,000 | 46,332 |
4.70%, 12/15/41 | 100,000 | 89,511 |
4.50%, 06/01/42 | 600,000 | 525,336 |
4.80%, 12/15/43 (a) | 50,000 | 44,980 |
4.15%, 05/15/45 (a) | 100,000 | 81,878 |
3.75%, 11/01/46 (a) | 225,000 | 171,119 |
4.35%, 04/15/47 (a) | 150,000 | 125,549 |
4.05%, 05/04/47 (a) | 100,000 | 80,233 |
4.63%, 11/16/48 (a) | 300,000 | 261,249 |
3.13%, 07/01/50 (a) | 200,000 | 134,632 |
2.82%, 09/01/51 (a) | 200,000 | 124,980 |
3.03%, 03/15/52 (a) | 200,000 | 130,434 |
5.38%, 02/27/53 (a) | 200,000 | 193,508 |
6.40%, 03/15/54 (a) | 300,000 | 332,430 |
Snap-on, Inc. | ||
4.10%, 03/01/48 (a) | 100,000 | 83,649 |
3.10%, 05/01/50 (a) | 100,000 | 70,281 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 100,000 | 88,825 |
2.85%, 02/01/32 (a) | 100,000 | 84,447 |
5.75%, 11/01/40 (a) | 150,000 | 151,191 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 150,000 | 144,621 |
6.00%, 03/06/28 (a) | 100,000 | 103,286 |
4.25%, 11/15/28 (a) | 150,000 | 144,850 |
2.30%, 03/15/30 (a) | 200,000 | 168,050 |
5.20%, 09/01/40 | 100,000 | 94,078 |
4.85%, 11/15/48 (a) | 150,000 | 130,196 |
2.75%, 11/15/50 (a) | 100,000 | 58,332 |
4.00%, 03/15/60 (a)(b) | 100,000 | 89,266 |
Teledyne Technologies, Inc. | ||
2.25%, 04/01/28 (a) | 400,000 | 358,528 |
Textron, Inc. | ||
4.00%, 03/15/26 (a) | 100,000 | 97,332 |
3.38%, 03/01/28 (a) | 100,000 | 93,809 |
3.00%, 06/01/30 (a) | 100,000 | 87,911 |
2.45%, 03/15/31 (a) | 250,000 | 209,090 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 100,000 | 97,219 |
4.13%, 04/01/32 (a) | 100,000 | 91,278 |
Trane Technologies Financing Ltd. | ||
3.50%, 03/21/26 (a) | 50,000 | 48,342 |
3.80%, 03/21/29 (a) | 100,000 | 94,575 |
5.25%, 03/03/33 (a) | 100,000 | 101,056 |
Trane Technologies Global Holding Co. Ltd. | ||
3.75%, 08/21/28 (a) | 100,000 | 95,432 |
5.75%, 06/15/43 | 100,000 | 103,548 |
4.30%, 02/21/48 (a) | 150,000 | 129,321 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 100,000 | 87,443 |
Veralto Corp. | ||
5.50%, 09/18/26 (a)(d) | 100,000 | 100,464 |
5.35%, 09/18/28 (a)(d) | 100,000 | 100,716 |
5.45%, 09/18/33 (a)(d) | 175,000 | 175,884 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 200,000 | 184,612 |
2.95%, 04/01/31 (a) | 100,000 | 82,390 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 250,000 | 242,290 |
3.50%, 06/01/30 (a) | 50,000 | 45,603 |
4.50%, 06/15/47 (a) | 150,000 | 130,052 |
4.70%, 03/01/48 (a) | 100,000 | 89,864 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 100,000 | 96,931 |
3.50%, 05/01/29 (a) | 100,000 | 93,740 |
2.60%, 02/01/30 (a) | 150,000 | 132,281 |
3.20%, 06/01/32 (a) | 100,000 | 87,203 |
4.20%, 01/15/33 (a) | 50,000 | 46,747 |
5.00%, 03/01/34 (a) | 150,000 | 146,991 |
3.05%, 04/01/50 (a) | 100,000 | 67,715 |
2.95%, 01/15/52 (a) | 200,000 | 132,584 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 250,000 | 244,705 |
0.75%, 11/15/25 (a) | 100,000 | 92,907 |
3.15%, 11/15/27 (a) | 200,000 | 188,300 |
1.15%, 03/15/28 (a) | 100,000 | 86,700 |
1.50%, 03/15/31 (a) | 150,000 | 119,126 |
4.15%, 04/15/32 (a) | 200,000 | 188,512 |
4.88%, 02/15/34 (a) | 250,000 | 244,762 |
2.95%, 06/01/41 (a) | 75,000 | 55,565 |
4.10%, 03/01/45 (a) | 112,000 | 96,359 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.15%, 07/15/49 (a) | 100,000 | 84,598 |
2.50%, 11/15/50 (a) | 250,000 | 154,652 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 100,000 | 97,010 |
3.45%, 11/15/26 (a) | 100,000 | 95,125 |
4.70%, 09/15/28 (a)(f) | 250,000 | 243,960 |
WW Grainger, Inc. | ||
4.60%, 06/15/45 (a) | 100,000 | 91,208 |
4.20%, 05/15/47 (a) | 200,000 | 172,438 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 95,522 |
1.95%, 01/30/28 (a) | 100,000 | 89,409 |
2.25%, 01/30/31 (a) | 150,000 | 125,885 |
60,288,230 | ||
Communications 2.1% | ||
America Movil SAB de CV | ||
3.63%, 04/22/29 (a) | 200,000 | 186,078 |
2.88%, 05/07/30 (a) | 200,000 | 175,532 |
4.70%, 07/21/32 (a) | 200,000 | 192,072 |
6.38%, 03/01/35 | 200,000 | 217,220 |
6.13%, 03/30/40 | 230,000 | 241,148 |
4.38%, 07/16/42 | 200,000 | 173,672 |
4.38%, 04/22/49 (a) | 200,000 | 172,186 |
American Tower Corp. | ||
2.40%, 03/15/25 (a) | 100,000 | 96,742 |
4.00%, 06/01/25 (a) | 150,000 | 147,096 |
4.40%, 02/15/26 (a) | 100,000 | 98,361 |
1.60%, 04/15/26 (a) | 150,000 | 138,909 |
1.45%, 09/15/26 (a) | 50,000 | 45,477 |
3.38%, 10/15/26 (a) | 150,000 | 143,082 |
2.75%, 01/15/27 (a) | 150,000 | 139,740 |
3.13%, 01/15/27 (a) | 130,000 | 122,650 |
3.65%, 03/15/27 (a) | 150,000 | 143,400 |
3.55%, 07/15/27 (a) | 100,000 | 94,821 |
3.60%, 01/15/28 (a) | 100,000 | 94,166 |
1.50%, 01/31/28 (a) | 100,000 | 86,886 |
5.50%, 03/15/28 (a) | 100,000 | 100,461 |
5.25%, 07/15/28 (a) | 200,000 | 199,488 |
5.80%, 11/15/28 (a) | 150,000 | 153,109 |
3.95%, 03/15/29 (a) | 100,000 | 93,876 |
3.80%, 08/15/29 (a) | 250,000 | 231,580 |
2.90%, 01/15/30 (a) | 150,000 | 131,615 |
1.88%, 10/15/30 (a) | 150,000 | 120,555 |
2.70%, 04/15/31 (a) | 100,000 | 83,985 |
2.30%, 09/15/31 (a) | 200,000 | 161,654 |
4.05%, 03/15/32 (a) | 150,000 | 136,506 |
5.65%, 03/15/33 (a) | 150,000 | 151,080 |
5.55%, 07/15/33 (a) | 200,000 | 200,140 |
5.90%, 11/15/33 (a) | 150,000 | 154,018 |
3.70%, 10/15/49 (a) | 100,000 | 73,319 |
3.10%, 06/15/50 (a) | 200,000 | 131,184 |
2.95%, 01/15/51 (a) | 150,000 | 95,126 |
AT&T, Inc. | ||
3.88%, 01/15/26 (a) | 50,000 | 48,803 |
5.54%, 02/20/26 (a) | 200,000 | 199,842 |
1.70%, 03/25/26 (a) | 550,000 | 511,692 |
2.95%, 07/15/26 (a) | 100,000 | 95,110 |
3.80%, 02/15/27 (a) | 150,000 | 144,605 |
4.25%, 03/01/27 (a) | 200,000 | 195,028 |
2.30%, 06/01/27 (a) | 500,000 | 457,915 |
1.65%, 02/01/28 (a) | 400,000 | 352,104 |
4.10%, 02/15/28 (a) | 327,000 | 315,385 |
4.35%, 03/01/29 (a) | 600,000 | 579,984 |
4.30%, 02/15/30 (a) | 547,000 | 522,445 |
2.75%, 06/01/31 (a) | 550,000 | 468,759 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.25%, 02/01/32 (a) | 450,000 | 361,098 |
2.55%, 12/01/33 (a) | 707,000 | 557,858 |
5.40%, 02/15/34 (a) | 400,000 | 400,784 |
4.50%, 05/15/35 (a) | 400,000 | 368,608 |
5.25%, 03/01/37 (a) | 150,000 | 145,883 |
4.90%, 08/15/37 (a) | 150,000 | 140,532 |
6.30%, 01/15/38 | 100,000 | 105,846 |
4.85%, 03/01/39 (a) | 200,000 | 184,380 |
6.00%, 08/15/40 (a) | 50,000 | 51,364 |
5.35%, 09/01/40 | 150,000 | 144,810 |
6.38%, 03/01/41 | 200,000 | 211,332 |
3.50%, 06/01/41 (a) | 450,000 | 345,676 |
5.55%, 08/15/41 | 150,000 | 150,712 |
5.15%, 03/15/42 | 50,000 | 47,754 |
4.30%, 12/15/42 (a) | 200,000 | 169,116 |
3.10%, 02/01/43 (a) | 100,000 | 72,054 |
4.65%, 06/01/44 (a) | 100,000 | 86,452 |
4.35%, 06/15/45 (a) | 200,000 | 167,426 |
4.75%, 05/15/46 (a) | 300,000 | 262,998 |
5.15%, 11/15/46 (a) | 150,000 | 139,134 |
5.65%, 02/15/47 (a) | 150,000 | 150,561 |
5.45%, 03/01/47 (a) | 150,000 | 146,211 |
4.50%, 03/09/48 (a) | 250,000 | 209,392 |
4.55%, 03/09/49 (a) | 200,000 | 168,338 |
5.15%, 02/15/50 (a) | 150,000 | 137,667 |
3.65%, 06/01/51 (a) | 500,000 | 358,145 |
3.30%, 02/01/52 (a) | 150,000 | 102,065 |
3.50%, 09/15/53 (a) | 1,235,000 | 850,989 |
3.55%, 09/15/55 (a) | 1,373,000 | 936,949 |
3.80%, 12/01/57 (a) | 1,011,000 | 713,918 |
3.65%, 09/15/59 (a) | 1,124,000 | 762,701 |
3.85%, 06/01/60 (a) | 275,000 | 194,587 |
3.50%, 02/01/61 (a) | 100,000 | 67,007 |
Bell Telephone Co. of Canada or Bell Canada | ||
2.15%, 02/15/32 (a) | 100,000 | 80,280 |
5.10%, 05/11/33 (a) | 100,000 | 98,997 |
5.20%, 02/15/34 (a) | 150,000 | 148,118 |
4.46%, 04/01/48 (a) | 200,000 | 170,146 |
4.30%, 07/29/49 (a) | 100,000 | 82,483 |
3.65%, 03/17/51 (a) | 100,000 | 73,806 |
3.20%, 02/15/52 (a) | 125,000 | 84,079 |
3.65%, 08/15/52 (a) | 150,000 | 110,390 |
5.55%, 02/15/54 (a) | 150,000 | 147,791 |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 50,000 | 50,282 |
9.63%, 12/15/30 (f) | 450,000 | 550,872 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 800,000 | 789,056 |
6.15%, 11/10/26 (a) | 200,000 | 202,048 |
3.75%, 02/15/28 (a) | 200,000 | 184,788 |
4.20%, 03/15/28 (a) | 200,000 | 187,502 |
2.25%, 01/15/29 (a) | 200,000 | 168,888 |
5.05%, 03/30/29 (a) | 200,000 | 191,392 |
2.80%, 04/01/31 (a) | 300,000 | 242,358 |
2.30%, 02/01/32 (a) | 200,000 | 152,048 |
4.40%, 04/01/33 (a) | 150,000 | 131,138 |
6.65%, 02/01/34 (a) | 150,000 | 150,410 |
6.38%, 10/23/35 (a) | 330,000 | 319,536 |
5.38%, 04/01/38 (a) | 150,000 | 128,975 |
3.50%, 06/01/41 (a) | 300,000 | 198,876 |
3.50%, 03/01/42 (a) | 200,000 | 130,956 |
6.48%, 10/23/45 (a) | 650,000 | 594,457 |
5.38%, 05/01/47 (a) | 450,000 | 355,117 |
5.75%, 04/01/48 (a) | 400,000 | 332,980 |
5.13%, 07/01/49 (a) | 200,000 | 151,786 |
4.80%, 03/01/50 (a) | 500,000 | 361,955 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.70%, 04/01/51 (a) | 300,000 | 182,061 |
3.90%, 06/01/52 (a) | 400,000 | 251,332 |
5.25%, 04/01/53 (a) | 250,000 | 194,125 |
6.83%, 10/23/55 (a) | 100,000 | 94,725 |
3.85%, 04/01/61 (a) | 300,000 | 174,207 |
4.40%, 12/01/61 (a) | 250,000 | 160,730 |
3.95%, 06/30/62 (a) | 250,000 | 147,125 |
5.50%, 04/01/63 (a) | 200,000 | 154,042 |
Comcast Corp. | ||
3.38%, 08/15/25 (a) | 150,000 | 146,463 |
3.95%, 10/15/25 (a) | 500,000 | 491,410 |
5.25%, 11/07/25 | 150,000 | 150,689 |
3.15%, 03/01/26 (a) | 400,000 | 386,132 |
2.35%, 01/15/27 (a) | 200,000 | 186,492 |
3.30%, 02/01/27 (a) | 250,000 | 239,717 |
3.30%, 04/01/27 (a) | 200,000 | 190,876 |
5.35%, 11/15/27 (a) | 150,000 | 152,400 |
3.15%, 02/15/28 (a) | 350,000 | 328,387 |
3.55%, 05/01/28 (a) | 200,000 | 189,922 |
4.15%, 10/15/28 (a) | 750,000 | 728,355 |
4.55%, 01/15/29 (a) | 200,000 | 196,902 |
2.65%, 02/01/30 (a) | 300,000 | 264,150 |
3.40%, 04/01/30 (a) | 250,000 | 228,957 |
4.25%, 10/15/30 (a) | 300,000 | 287,079 |
1.95%, 01/15/31 (a) | 200,000 | 164,332 |
1.50%, 02/15/31 (a) | 300,000 | 239,355 |
5.50%, 11/15/32 (a) | 200,000 | 205,152 |
4.25%, 01/15/33 | 250,000 | 234,302 |
4.65%, 02/15/33 (a) | 200,000 | 194,310 |
7.05%, 03/15/33 | 150,000 | 168,799 |
4.80%, 05/15/33 (a) | 200,000 | 195,652 |
4.20%, 08/15/34 (a) | 250,000 | 230,085 |
5.65%, 06/15/35 | 100,000 | 102,887 |
4.40%, 08/15/35 (a) | 100,000 | 92,780 |
6.50%, 11/15/35 | 145,000 | 158,194 |
3.20%, 07/15/36 (a) | 175,000 | 141,524 |
6.45%, 03/15/37 | 100,000 | 109,642 |
6.95%, 08/15/37 | 100,000 | 114,167 |
3.90%, 03/01/38 (a) | 250,000 | 214,657 |
4.60%, 10/15/38 (a) | 200,000 | 184,198 |
6.55%, 07/01/39 | 50,000 | 55,051 |
3.25%, 11/01/39 (a) | 200,000 | 153,758 |
3.75%, 04/01/40 (a) | 275,000 | 225,239 |
4.65%, 07/15/42 | 100,000 | 90,174 |
4.75%, 03/01/44 | 50,000 | 45,423 |
4.60%, 08/15/45 (a) | 100,000 | 88,511 |
3.40%, 07/15/46 (a) | 200,000 | 146,794 |
4.00%, 08/15/47 (a) | 100,000 | 80,201 |
3.97%, 11/01/47 (a) | 400,000 | 317,560 |
4.00%, 03/01/48 (a) | 200,000 | 158,720 |
4.70%, 10/15/48 (a) | 375,000 | 338,797 |
4.00%, 11/01/49 (a) | 300,000 | 237,912 |
3.45%, 02/01/50 (a) | 300,000 | 215,682 |
2.80%, 01/15/51 (a) | 250,000 | 156,500 |
2.89%, 11/01/51 (a) | 844,000 | 535,256 |
2.45%, 08/15/52 (a) | 300,000 | 172,284 |
4.05%, 11/01/52 (a) | 202,000 | 159,628 |
5.35%, 05/15/53 (a) | 275,000 | 268,444 |
2.94%, 11/01/56 (a) | 1,001,000 | 617,187 |
4.95%, 10/15/58 (a) | 150,000 | 138,933 |
2.65%, 08/15/62 (a) | 200,000 | 111,702 |
2.99%, 11/01/63 (a) | 689,000 | 413,600 |
5.50%, 05/15/64 (a) | 250,000 | 245,827 |
Crown Castle, Inc. | ||
4.45%, 02/15/26 (a) | 195,000 | 191,428 |
3.70%, 06/15/26 (a) | 100,000 | 96,392 |
1.05%, 07/15/26 (a) | 150,000 | 135,635 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.90%, 03/15/27 (a) | 200,000 | 186,290 |
3.65%, 09/01/27 (a) | 200,000 | 188,840 |
5.00%, 01/11/28 (a) | 200,000 | 197,166 |
3.80%, 02/15/28 (a) | 150,000 | 141,329 |
4.80%, 09/01/28 (a) | 200,000 | 195,210 |
4.30%, 02/15/29 (a) | 100,000 | 95,084 |
3.10%, 11/15/29 (a) | 100,000 | 88,590 |
3.30%, 07/01/30 (a) | 150,000 | 132,564 |
2.25%, 01/15/31 (a) | 200,000 | 163,538 |
2.10%, 04/01/31 (a) | 200,000 | 160,536 |
2.50%, 07/15/31 (a) | 150,000 | 122,954 |
5.10%, 05/01/33 (a) | 150,000 | 144,921 |
5.80%, 03/01/34 (a) | 200,000 | 203,036 |
2.90%, 04/01/41 (a) | 250,000 | 173,885 |
4.75%, 05/15/47 (a) | 100,000 | 84,747 |
5.20%, 02/15/49 (a) | 50,000 | 45,354 |
4.15%, 07/01/50 (a) | 50,000 | 39,640 |
3.25%, 01/15/51 (a) | 200,000 | 135,342 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 600,000 | 708,180 |
9.25%, 06/01/32 | 150,000 | 189,471 |
Discovery Communications LLC | ||
3.95%, 06/15/25 (a) | 250,000 | 244,180 |
4.90%, 03/11/26 (a) | 100,000 | 98,488 |
3.95%, 03/20/28 (a) | 250,000 | 233,915 |
4.13%, 05/15/29 (a) | 150,000 | 138,708 |
3.63%, 05/15/30 (a) | 150,000 | 131,892 |
5.00%, 09/20/37 (a) | 150,000 | 128,654 |
6.35%, 06/01/40 | 150,000 | 144,446 |
4.88%, 04/01/43 | 50,000 | 40,226 |
5.20%, 09/20/47 (a) | 210,000 | 171,041 |
5.30%, 05/15/49 (a) | 150,000 | 122,862 |
4.65%, 05/15/50 (a) | 150,000 | 113,975 |
4.00%, 09/15/55 (a) | 257,000 | 170,340 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 100,000 | 81,440 |
2.95%, 02/15/51 (a) | 125,000 | 83,260 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 100,000 | 97,346 |
4.71%, 01/25/29 (a) | 400,000 | 390,516 |
3.50%, 04/08/30 (a) | 100,000 | 90,074 |
6.50%, 10/13/33 (a) | 200,000 | 210,198 |
5.48%, 01/25/39 (a) | 200,000 | 186,998 |
5.58%, 01/25/49 (a) | 250,000 | 228,907 |
Grupo Televisa SAB | ||
6.63%, 01/15/40 | 200,000 | 205,720 |
5.00%, 05/13/45 (a) | 100,000 | 84,042 |
6.13%, 01/31/46 (a) | 200,000 | 195,556 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 100,000 | 97,982 |
4.75%, 03/30/30 (a) | 100,000 | 97,316 |
2.40%, 03/01/31 (a) | 100,000 | 83,376 |
3.38%, 03/01/41 (a) | 100,000 | 73,654 |
5.40%, 10/01/48 (a) | 100,000 | 92,558 |
Koninklijke KPN NV | ||
8.38%, 10/01/30 | 100,000 | 116,721 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 450,000 | 431,523 |
4.60%, 05/15/28 (a) | 250,000 | 249,095 |
4.80%, 05/15/30 (a) | 200,000 | 200,024 |
3.85%, 08/15/32 (a) | 500,000 | 463,375 |
4.95%, 05/15/33 (a) | 300,000 | 300,408 |
4.45%, 08/15/52 (a) | 500,000 | 437,610 |
5.60%, 05/15/53 (a) | 400,000 | 414,820 |
4.65%, 08/15/62 (a) | 250,000 | 221,350 |
5.75%, 05/15/63 (a) | 300,000 | 314,388 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
NBCUniversal Media LLC | ||
6.40%, 04/30/40 | 75,000 | 81,536 |
5.95%, 04/01/41 | 100,000 | 104,221 |
4.45%, 01/15/43 | 130,000 | 113,827 |
Netflix, Inc. | ||
4.38%, 11/15/26 | 175,000 | 172,235 |
4.88%, 04/15/28 | 275,000 | 274,648 |
5.88%, 11/15/28 | 325,000 | 336,846 |
6.38%, 05/15/29 | 125,000 | 132,901 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 100,000 | 85,615 |
4.20%, 06/01/30 (a) | 100,000 | 94,720 |
2.60%, 08/01/31 (a) | 150,000 | 126,036 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26 (a) | 250,000 | 242,315 |
Orange SA | ||
9.00%, 03/01/31 | 400,000 | 483,580 |
5.38%, 01/13/42 | 150,000 | 147,722 |
5.50%, 02/06/44 (a) | 150,000 | 149,984 |
Paramount Global | ||
2.90%, 01/15/27 (a) | 150,000 | 135,206 |
3.38%, 02/15/28 (a) | 250,000 | 219,682 |
3.70%, 06/01/28 (a) | 100,000 | 87,676 |
4.20%, 06/01/29 (a) | 100,000 | 88,122 |
7.88%, 07/30/30 | 50,000 | 51,068 |
4.95%, 01/15/31 (a) | 300,000 | 262,968 |
4.20%, 05/19/32 (a) | 150,000 | 122,340 |
6.88%, 04/30/36 | 150,000 | 137,765 |
5.90%, 10/15/40 (a) | 50,000 | 40,905 |
4.38%, 03/15/43 | 250,000 | 167,627 |
5.85%, 09/01/43 (a) | 250,000 | 202,475 |
5.25%, 04/01/44 (a) | 100,000 | 74,541 |
4.90%, 08/15/44 (a) | 95,000 | 66,896 |
4.60%, 01/15/45 (a) | 130,000 | 89,774 |
4.95%, 05/19/50 (a) | 200,000 | 143,496 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a) | 200,000 | 194,764 |
3.63%, 12/15/25 (a) | 150,000 | 145,407 |
2.90%, 11/15/26 (a) | 150,000 | 141,233 |
3.20%, 03/15/27 (a) | 250,000 | 235,477 |
5.00%, 02/15/29 (a) | 200,000 | 198,232 |
3.80%, 03/15/32 (a) | 300,000 | 266,670 |
5.30%, 02/15/34 (a) | 200,000 | 196,466 |
7.50%, 08/15/38 | 50,000 | 57,593 |
4.50%, 03/15/42 (a) | 150,000 | 128,897 |
4.50%, 03/15/43 (a) | 100,000 | 85,025 |
5.45%, 10/01/43 (a) | 100,000 | 95,733 |
5.00%, 03/15/44 (a) | 180,000 | 162,536 |
4.30%, 02/15/48 (a) | 100,000 | 80,100 |
4.35%, 05/01/49 (a) | 250,000 | 201,052 |
3.70%, 11/15/49 (a) | 150,000 | 108,116 |
4.55%, 03/15/52 (a) | 350,000 | 289,296 |
Sprint Capital Corp. | ||
6.88%, 11/15/28 | 500,000 | 533,085 |
8.75%, 03/15/32 | 300,000 | 362,643 |
Sprint LLC | ||
7.63%, 03/01/26 (a) | 250,000 | 258,390 |
Take-Two Interactive Software, Inc. | ||
3.55%, 04/14/25 | 200,000 | 195,986 |
3.70%, 04/14/27 (a) | 150,000 | 143,435 |
4.00%, 04/14/32 (a) | 150,000 | 137,757 |
TCI Communications, Inc. | ||
7.13%, 02/15/28 | 30,000 | 32,381 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Telefonica Emisiones SA | ||
4.10%, 03/08/27 | 300,000 | 290,622 |
7.05%, 06/20/36 | 365,000 | 402,307 |
4.67%, 03/06/38 | 150,000 | 133,881 |
5.21%, 03/08/47 | 450,000 | 404,626 |
4.90%, 03/06/48 | 150,000 | 128,729 |
5.52%, 03/01/49 (a) | 300,000 | 280,518 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 100,000 | 113,648 |
TELUS Corp. | ||
3.70%, 09/15/27 (a) | 350,000 | 332,412 |
4.60%, 11/16/48 (a) | 100,000 | 85,584 |
4.30%, 06/15/49 (a) | 150,000 | 122,088 |
Time Warner Cable Enterprises LLC | ||
8.38%, 07/15/33 | 200,000 | 222,026 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 | 150,000 | 141,072 |
7.30%, 07/01/38 | 300,000 | 299,160 |
6.75%, 06/15/39 | 250,000 | 235,772 |
5.88%, 11/15/40 (a) | 224,000 | 192,929 |
5.50%, 09/01/41 (a) | 250,000 | 206,160 |
4.50%, 09/15/42 (a) | 200,000 | 146,414 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 500,000 | 488,960 |
1.50%, 02/15/26 (a) | 250,000 | 232,492 |
2.25%, 02/15/26 (a) | 300,000 | 282,699 |
2.63%, 04/15/26 (a) | 250,000 | 236,922 |
3.75%, 04/15/27 (a) | 600,000 | 575,280 |
4.75%, 02/01/28 (a) | 300,000 | 295,290 |
2.05%, 02/15/28 (a) | 300,000 | 267,366 |
4.95%, 03/15/28 (a) | 150,000 | 149,130 |
4.80%, 07/15/28 (a) | 150,000 | 148,098 |
4.85%, 01/15/29 (a) | 200,000 | 197,564 |
2.63%, 02/15/29 (a) | 150,000 | 133,313 |
2.40%, 03/15/29 (a) | 100,000 | 88,029 |
3.38%, 04/15/29 (a) | 400,000 | 367,484 |
3.88%, 04/15/30 (a) | 1,100,000 | 1,021,768 |
2.55%, 02/15/31 (a) | 500,000 | 421,860 |
2.88%, 02/15/31 (a) | 200,000 | 172,152 |
3.50%, 04/15/31 (a) | 400,000 | 358,020 |
2.25%, 11/15/31 (a) | 100,000 | 81,192 |
2.70%, 03/15/32 (a) | 200,000 | 166,348 |
5.20%, 01/15/33 (a) | 200,000 | 198,820 |
5.05%, 07/15/33 (a) | 450,000 | 440,491 |
5.75%, 01/15/34 (a) | 150,000 | 154,608 |
5.15%, 04/15/34 (a) | 250,000 | 246,162 |
4.38%, 04/15/40 (a) | 350,000 | 307,023 |
3.00%, 02/15/41 (a) | 450,000 | 325,224 |
4.50%, 04/15/50 (a) | 500,000 | 423,210 |
3.30%, 02/15/51 (a) | 550,000 | 378,719 |
3.40%, 10/15/52 (a) | 500,000 | 347,865 |
5.65%, 01/15/53 (a) | 300,000 | 298,434 |
5.75%, 01/15/54 (a) | 200,000 | 202,628 |
6.00%, 06/15/54 (a) | 175,000 | 183,858 |
5.50%, 01/15/55 (a) | 150,000 | 146,540 |
3.60%, 11/15/60 (a) | 300,000 | 207,333 |
5.80%, 09/15/62 (a) | 100,000 | 101,550 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 150,000 | 145,551 |
3.00%, 02/13/26 | 150,000 | 144,488 |
1.85%, 07/30/26 | 150,000 | 139,487 |
2.95%, 06/15/27 | 200,000 | 189,586 |
7.00%, 03/01/32 | 100,000 | 113,246 |
4.38%, 08/16/41 | 100,000 | 88,573 |
4.13%, 12/01/41 | 150,000 | 129,300 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 06/01/44 | 250,000 | 213,647 |
3.00%, 07/30/46 | 100,000 | 69,934 |
Verizon Communications, Inc. | ||
0.85%, 11/20/25 (a) | 300,000 | 278,460 |
1.45%, 03/20/26 (a) | 350,000 | 324,632 |
2.63%, 08/15/26 | 300,000 | 282,975 |
4.13%, 03/16/27 | 550,000 | 535,029 |
3.00%, 03/22/27 (a) | 150,000 | 141,222 |
2.10%, 03/22/28 (a) | 500,000 | 445,320 |
4.33%, 09/21/28 | 700,000 | 679,735 |
3.88%, 02/08/29 (a) | 200,000 | 190,068 |
4.02%, 12/03/29 (a) | 700,000 | 664,657 |
3.15%, 03/22/30 (a) | 250,000 | 223,912 |
1.50%, 09/18/30 (a) | 250,000 | 200,740 |
1.68%, 10/30/30 (a) | 117,000 | 94,276 |
7.75%, 12/01/30 | 102,000 | 116,521 |
1.75%, 01/20/31 (a) | 400,000 | 320,932 |
2.55%, 03/21/31 (a) | 600,000 | 505,914 |
2.36%, 03/15/32 (a) | 813,000 | 659,392 |
5.05%, 05/09/33 (a) | 150,000 | 148,595 |
4.50%, 08/10/33 | 400,000 | 377,532 |
6.40%, 09/15/33 | 100,000 | 107,604 |
4.40%, 11/01/34 (a) | 330,000 | 306,933 |
5.85%, 09/15/35 | 75,000 | 78,443 |
4.27%, 01/15/36 | 205,000 | 186,247 |
5.25%, 03/16/37 | 200,000 | 199,626 |
4.81%, 03/15/39 | 200,000 | 186,952 |
2.65%, 11/20/40 (a) | 500,000 | 344,985 |
3.40%, 03/22/41 (a) | 650,000 | 498,634 |
2.85%, 09/03/41 (a) | 250,000 | 176,465 |
4.75%, 11/01/41 | 75,000 | 69,068 |
3.85%, 11/01/42 (a) | 100,000 | 80,545 |
6.55%, 09/15/43 | 100,000 | 111,603 |
4.13%, 08/15/46 | 200,000 | 164,144 |
4.86%, 08/21/46 | 400,000 | 367,492 |
5.50%, 03/16/47 | 100,000 | 100,846 |
4.52%, 09/15/48 | 250,000 | 219,220 |
5.01%, 04/15/49 | 150,000 | 146,591 |
4.00%, 03/22/50 (a) | 250,000 | 197,655 |
2.88%, 11/20/50 (a) | 500,000 | 319,000 |
3.55%, 03/22/51 (a) | 725,000 | 527,524 |
3.88%, 03/01/52 (a) | 150,000 | 115,830 |
5.50%, 02/23/54 (a) | 200,000 | 197,820 |
5.01%, 08/21/54 | 100,000 | 92,884 |
4.67%, 03/15/55 | 100,000 | 88,382 |
2.99%, 10/30/56 (a) | 650,000 | 404,612 |
3.00%, 11/20/60 (a) | 350,000 | 212,828 |
3.70%, 03/22/61 (a) | 550,000 | 391,908 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 250,000 | 245,997 |
4.38%, 05/30/28 | 200,000 | 196,620 |
7.88%, 02/15/30 | 150,000 | 170,205 |
6.15%, 02/27/37 | 300,000 | 313,440 |
5.00%, 05/30/38 | 100,000 | 96,560 |
4.38%, 02/19/43 | 250,000 | 210,700 |
5.25%, 05/30/48 | 225,000 | 209,230 |
4.88%, 06/19/49 | 300,000 | 260,091 |
4.25%, 09/17/50 | 250,000 | 197,170 |
5.63%, 02/10/53 (a) | 150,000 | 145,043 |
5.13%, 06/19/59 | 100,000 | 88,251 |
5.75%, 02/10/63 (a) | 100,000 | 97,782 |
Walt Disney Co. | ||
3.35%, 03/24/25 | 250,000 | 245,012 |
3.70%, 10/15/25 (a) | 100,000 | 97,759 |
1.75%, 01/13/26 | 300,000 | 282,885 |
3.70%, 03/23/27 | 100,000 | 96,915 |
2.20%, 01/13/28 | 200,000 | 182,490 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 09/01/29 (a) | 350,000 | 302,046 |
3.80%, 03/22/30 | 200,000 | 188,878 |
2.65%, 01/13/31 | 450,000 | 391,419 |
6.55%, 03/15/33 | 100,000 | 111,647 |
6.20%, 12/15/34 | 150,000 | 163,921 |
6.40%, 12/15/35 | 130,000 | 143,127 |
6.15%, 03/01/37 | 50,000 | 54,089 |
6.65%, 11/15/37 | 200,000 | 226,482 |
4.63%, 03/23/40 (a) | 100,000 | 93,678 |
3.50%, 05/13/40 (a) | 350,000 | 281,169 |
6.15%, 02/15/41 | 100,000 | 108,117 |
5.40%, 10/01/43 | 50,000 | 50,392 |
4.75%, 09/15/44 (a) | 150,000 | 138,035 |
4.95%, 10/15/45 (a) | 100,000 | 93,735 |
7.75%, 12/01/45 | 75,000 | 96,177 |
4.75%, 11/15/46 (a) | 100,000 | 90,779 |
2.75%, 09/01/49 (a) | 350,000 | 226,219 |
4.70%, 03/23/50 (a) | 300,000 | 275,055 |
3.60%, 01/13/51 (a) | 450,000 | 342,166 |
3.80%, 05/13/60 (a) | 250,000 | 190,015 |
Warnermedia Holdings, Inc. | ||
3.64%, 03/15/25 | 300,000 | 293,712 |
3.79%, 03/15/25 (a) | 100,000 | 98,051 |
6.41%, 03/15/26 (a) | 200,000 | 199,970 |
3.76%, 03/15/27 (a) | 700,000 | 662,851 |
4.05%, 03/15/29 (a) | 250,000 | 231,197 |
4.28%, 03/15/32 (a) | 900,000 | 794,619 |
5.05%, 03/15/42 (a) | 800,000 | 673,144 |
5.14%, 03/15/52 (a) | 1,200,000 | 975,624 |
5.39%, 03/15/62 (a) | 550,000 | 443,124 |
Weibo Corp. | ||
3.38%, 07/08/30 (a) | 200,000 | 171,770 |
95,195,380 | ||
Consumer Cyclical 1.8% | ||
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 500,000 | 472,305 |
2.13%, 02/09/31 (a) | 200,000 | 165,546 |
4.00%, 12/06/37 (a) | 200,000 | 172,702 |
2.70%, 02/09/41 (a) | 250,000 | 172,755 |
4.20%, 12/06/47 (a) | 200,000 | 162,832 |
3.15%, 02/09/51 (a) | 300,000 | 198,336 |
4.40%, 12/06/57 (a) | 200,000 | 163,608 |
3.25%, 02/09/61 (a) | 200,000 | 126,570 |
Amazon.com, Inc. | ||
3.00%, 04/13/25 | 250,000 | 244,297 |
0.80%, 06/03/25 (a) | 100,000 | 94,980 |
4.60%, 12/01/25 | 250,000 | 248,922 |
5.20%, 12/03/25 (a) | 200,000 | 200,936 |
1.00%, 05/12/26 (a) | 600,000 | 552,408 |
3.30%, 04/13/27 (a) | 400,000 | 383,452 |
1.20%, 06/03/27 (a) | 200,000 | 178,948 |
3.15%, 08/22/27 (a) | 600,000 | 569,682 |
4.55%, 12/01/27 (a) | 350,000 | 348,932 |
1.65%, 05/12/28 (a) | 400,000 | 355,128 |
3.45%, 04/13/29 (a) | 250,000 | 237,002 |
4.65%, 12/01/29 (a) | 300,000 | 300,324 |
1.50%, 06/03/30 (a) | 400,000 | 330,940 |
2.10%, 05/12/31 (a) | 525,000 | 441,026 |
3.60%, 04/13/32 (a) | 300,000 | 276,774 |
4.70%, 12/01/32 (a) | 400,000 | 398,276 |
4.80%, 12/05/34 (a) | 225,000 | 225,092 |
3.88%, 08/22/37 (a) | 500,000 | 447,160 |
2.88%, 05/12/41 (a) | 300,000 | 225,651 |
4.95%, 12/05/44 (a) | 280,000 | 276,808 |
4.05%, 08/22/47 (a) | 600,000 | 514,254 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 06/03/50 (a) | 400,000 | 251,548 |
3.10%, 05/12/51 (a) | 550,000 | 387,744 |
3.95%, 04/13/52 (a) | 450,000 | 372,496 |
4.25%, 08/22/57 (a) | 400,000 | 344,308 |
2.70%, 06/03/60 (a) | 375,000 | 231,236 |
3.25%, 05/12/61 (a) | 300,000 | 207,096 |
4.10%, 04/13/62 (a) | 200,000 | 165,828 |
American Honda Finance Corp. | ||
4.60%, 04/17/25 | 250,000 | 248,330 |
1.20%, 07/08/25 | 250,000 | 237,160 |
1.00%, 09/10/25 | 250,000 | 234,982 |
5.80%, 10/03/25 | 200,000 | 201,986 |
4.95%, 01/09/26 | 150,000 | 149,573 |
5.25%, 07/07/26 | 200,000 | 201,520 |
2.30%, 09/09/26 | 200,000 | 187,650 |
2.35%, 01/08/27 | 50,000 | 46,663 |
3.50%, 02/15/28 | 100,000 | 95,059 |
2.00%, 03/24/28 | 250,000 | 224,110 |
5.13%, 07/07/28 | 200,000 | 201,714 |
5.65%, 11/15/28 | 150,000 | 154,308 |
4.60%, 04/17/30 | 200,000 | 195,976 |
5.85%, 10/04/30 | 100,000 | 104,111 |
4.90%, 01/10/34 | 150,000 | 146,388 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 100,000 | 96,778 |
5.40%, 03/15/49 (a) | 100,000 | 90,945 |
3.10%, 12/01/51 (a) | 250,000 | 157,013 |
Aptiv PLC/Aptiv Corp. | ||
3.25%, 03/01/32 (a) | 200,000 | 172,596 |
4.15%, 05/01/52 (a) | 100,000 | 76,465 |
AutoNation, Inc. | ||
1.95%, 08/01/28 (a) | 75,000 | 64,208 |
4.75%, 06/01/30 (a) | 100,000 | 95,262 |
2.40%, 08/01/31 (a) | 100,000 | 79,263 |
3.85%, 03/01/32 (a) | 150,000 | 131,045 |
AutoZone, Inc. | ||
3.25%, 04/15/25 (a) | 200,000 | 195,240 |
5.05%, 07/15/26 | 100,000 | 99,832 |
4.50%, 02/01/28 (a) | 100,000 | 98,023 |
3.75%, 04/18/29 (a) | 150,000 | 140,924 |
4.00%, 04/15/30 (a) | 150,000 | 141,113 |
1.65%, 01/15/31 (a) | 150,000 | 119,385 |
4.75%, 08/01/32 (a) | 150,000 | 144,233 |
4.75%, 02/01/33 (a) | 100,000 | 95,902 |
6.55%, 11/01/33 (a) | 100,000 | 108,059 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 100,000 | 98,008 |
1.95%, 10/01/30 (a) | 150,000 | 123,347 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 100,000 | 99,319 |
3.88%, 08/15/30 (a) | 150,000 | 135,311 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 100,000 | 98,370 |
3.60%, 06/01/26 (a) | 150,000 | 145,401 |
4.63%, 04/13/30 (a) | 350,000 | 344,088 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 200,000 | 184,686 |
4.38%, 03/15/45 (a) | 100,000 | 81,536 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 100,000 | 98,867 |
5.50%, 04/01/29 (a) | 100,000 | 100,072 |
2.50%, 04/01/31 (a) | 100,000 | 82,203 |
5.95%, 08/15/34 (a) | 150,000 | 151,650 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 100,000 | 87,737 |
3.70%, 01/15/31 (a) | 100,000 | 86,046 |
Costco Wholesale Corp. | ||
3.00%, 05/18/27 (a) | 300,000 | 286,320 |
1.38%, 06/20/27 (a) | 250,000 | 224,835 |
1.60%, 04/20/30 (a) | 100,000 | 83,344 |
1.75%, 04/20/32 (a) | 200,000 | 160,020 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 140,735 |
4.90%, 02/20/29 (a) | 100,000 | 99,542 |
1.50%, 09/01/30 (a) | 150,000 | 121,241 |
5.15%, 02/20/34 (a) | 150,000 | 149,924 |
4.88%, 10/01/43 (a) | 50,000 | 47,304 |
2.60%, 09/01/50 (a) | 150,000 | 94,434 |
5.45%, 02/20/54 (a) | 150,000 | 150,963 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 100,000 | 96,178 |
6.30%, 10/10/33 (a) | 100,000 | 104,491 |
4.55%, 02/15/48 (a) | 50,000 | 40,722 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 100,000 | 83,853 |
4.10%, 01/15/52 (a) | 200,000 | 141,000 |
Dollar General Corp. | ||
3.88%, 04/15/27 (a) | 200,000 | 192,366 |
4.13%, 05/01/28 (a) | 100,000 | 96,691 |
5.20%, 07/05/28 (a) | 100,000 | 99,931 |
3.50%, 04/03/30 (a) | 200,000 | 180,948 |
5.00%, 11/01/32 (a) | 150,000 | 145,821 |
5.45%, 07/05/33 (a) | 200,000 | 198,742 |
4.13%, 04/03/50 (a) | 100,000 | 76,475 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 150,000 | 147,383 |
4.20%, 05/15/28 (a) | 250,000 | 240,992 |
2.65%, 12/01/31 (a) | 100,000 | 83,333 |
3.38%, 12/01/51 (a) | 100,000 | 66,360 |
DR Horton, Inc. | ||
2.60%, 10/15/25 (a) | 75,000 | 71,793 |
1.40%, 10/15/27 (a) | 150,000 | 132,426 |
eBay, Inc. | ||
1.90%, 03/11/25 (a) | 150,000 | 144,788 |
5.90%, 11/22/25 (a) | 100,000 | 100,822 |
1.40%, 05/10/26 (a) | 100,000 | 92,250 |
3.60%, 06/05/27 (a) | 150,000 | 143,381 |
2.70%, 03/11/30 (a) | 100,000 | 87,414 |
2.60%, 05/10/31 (a) | 150,000 | 127,263 |
6.30%, 11/22/32 (a) | 150,000 | 159,295 |
4.00%, 07/15/42 (a) | 150,000 | 119,165 |
3.65%, 05/10/51 (a) | 100,000 | 72,446 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 200,000 | 198,734 |
3.80%, 02/15/28 (a) | 200,000 | 189,236 |
3.25%, 02/15/30 (a) | 200,000 | 178,346 |
2.95%, 03/15/31 (a) | 150,000 | 128,565 |
Ford Foundation | ||
2.42%, 06/01/50 (a) | 100,000 | 62,822 |
Ford Motor Co. | ||
4.35%, 12/08/26 (a) | 245,000 | 238,123 |
6.63%, 10/01/28 | 75,000 | 78,446 |
9.63%, 04/22/30 (a) | 100,000 | 116,970 |
7.45%, 07/16/31 | 175,000 | 188,676 |
3.25%, 02/12/32 (a) | 400,000 | 328,540 |
6.10%, 08/19/32 (a) | 300,000 | 299,472 |
4.75%, 01/15/43 | 300,000 | 243,501 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.40%, 11/01/46 | 50,000 | 53,650 |
5.29%, 12/08/46 (a) | 200,000 | 173,288 |
Ford Motor Credit Co. LLC | ||
5.13%, 06/16/25 (a) | 295,000 | 292,141 |
4.13%, 08/04/25 | 230,000 | 224,498 |
3.38%, 11/13/25 (a) | 340,000 | 326,346 |
4.39%, 01/08/26 | 200,000 | 194,632 |
6.95%, 03/06/26 (a) | 225,000 | 229,120 |
6.95%, 06/10/26 (a) | 200,000 | 203,996 |
4.54%, 08/01/26 (a) | 200,000 | 193,930 |
2.70%, 08/10/26 (a) | 230,000 | 213,633 |
4.27%, 01/09/27 (a) | 200,000 | 191,662 |
5.80%, 03/05/27 (a) | 200,000 | 199,770 |
4.95%, 05/28/27 (a) | 245,000 | 238,270 |
4.13%, 08/17/27 (a) | 200,000 | 189,128 |
3.82%, 11/02/27 (a) | 200,000 | 186,616 |
7.35%, 11/04/27 (a) | 250,000 | 261,360 |
2.90%, 02/16/28 (a) | 200,000 | 179,364 |
6.80%, 05/12/28 (a) | 250,000 | 258,172 |
6.80%, 11/07/28 (a) | 225,000 | 233,176 |
2.90%, 02/10/29 (a) | 200,000 | 174,390 |
5.11%, 05/03/29 (a) | 225,000 | 216,949 |
7.35%, 03/06/30 (a) | 200,000 | 211,924 |
7.20%, 06/10/30 (a) | 200,000 | 211,110 |
4.00%, 11/13/30 (a) | 225,000 | 199,073 |
6.05%, 03/05/31 (a) | 200,000 | 199,254 |
3.63%, 06/17/31 (a) | 200,000 | 170,630 |
7.12%, 11/07/33 (a) | 225,000 | 240,194 |
General Motors Co. | ||
6.13%, 10/01/25 (a) | 250,000 | 252,127 |
4.20%, 10/01/27 (a) | 150,000 | 144,590 |
6.80%, 10/01/27 (a) | 200,000 | 208,892 |
5.00%, 10/01/28 (a) | 150,000 | 149,075 |
5.40%, 10/15/29 (a) | 200,000 | 199,538 |
5.60%, 10/15/32 (a)(c) | 200,000 | 199,530 |
5.00%, 04/01/35 | 100,000 | 93,551 |
6.60%, 04/01/36 (a) | 200,000 | 210,054 |
5.15%, 04/01/38 (a) | 175,000 | 162,216 |
6.25%, 10/02/43 | 250,000 | 251,305 |
5.20%, 04/01/45 | 250,000 | 220,875 |
6.75%, 04/01/46 (a) | 100,000 | 105,842 |
5.40%, 04/01/48 (a) | 75,000 | 67,356 |
5.95%, 04/01/49 (a) | 200,000 | 192,474 |
General Motors Financial Co., Inc. | ||
3.80%, 04/07/25 | 250,000 | 245,105 |
4.35%, 04/09/25 (a) | 150,000 | 148,082 |
2.75%, 06/20/25 (a) | 250,000 | 241,307 |
4.30%, 07/13/25 (a) | 200,000 | 196,720 |
6.05%, 10/10/25 | 250,000 | 251,992 |
1.25%, 01/08/26 (a) | 200,000 | 185,378 |
5.25%, 03/01/26 (a) | 250,000 | 249,267 |
5.40%, 04/06/26 | 250,000 | 250,157 |
1.50%, 06/10/26 (a) | 250,000 | 229,092 |
4.35%, 01/17/27 (a) | 200,000 | 194,740 |
2.35%, 02/26/27 (a) | 150,000 | 137,559 |
5.00%, 04/09/27 (a) | 300,000 | 297,087 |
5.40%, 05/08/27 | 250,000 | 250,350 |
2.70%, 08/20/27 (a) | 200,000 | 183,560 |
3.85%, 01/05/28 (a) | 150,000 | 142,455 |
2.40%, 04/10/28 (a) | 100,000 | 89,191 |
5.80%, 06/23/28 (a) | 300,000 | 304,611 |
2.40%, 10/15/28 (a) | 250,000 | 219,825 |
5.80%, 01/07/29 (a) | 250,000 | 253,400 |
5.65%, 01/17/29 (a) | 100,000 | 100,855 |
4.30%, 04/06/29 (a) | 250,000 | 237,327 |
5.85%, 04/06/30 (a) | 200,000 | 203,036 |
3.60%, 06/21/30 (a) | 200,000 | 179,390 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.35%, 01/08/31 (a) | 200,000 | 163,210 |
5.75%, 02/08/31 (a) | 200,000 | 199,532 |
2.70%, 06/10/31 (a) | 200,000 | 164,810 |
3.10%, 01/12/32 (a) | 250,000 | 209,002 |
6.40%, 01/09/33 (a) | 100,000 | 103,950 |
6.10%, 01/07/34 (a) | 250,000 | 252,670 |
Genuine Parts Co. | ||
6.50%, 11/01/28 (a) | 75,000 | 78,659 |
1.88%, 11/01/30 (a) | 125,000 | 100,440 |
2.75%, 02/01/32 (a) | 150,000 | 123,536 |
6.88%, 11/01/33 (a) | 75,000 | 81,987 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25 (a) | 100,000 | 99,209 |
5.38%, 04/15/26 (a) | 150,000 | 148,551 |
5.75%, 06/01/28 (a) | 100,000 | 99,357 |
5.30%, 01/15/29 (a) | 100,000 | 97,189 |
4.00%, 01/15/30 (a) | 100,000 | 90,125 |
4.00%, 01/15/31 (a) | 200,000 | 176,528 |
3.25%, 01/15/32 (a) | 100,000 | 83,054 |
6.75%, 12/01/33 (a) | 75,000 | 78,059 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 97,132 |
4.63%, 07/28/45 (a) | 75,000 | 59,409 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 75,000 | 73,733 |
Home Depot, Inc. | ||
2.70%, 04/15/25 (a) | 100,000 | 97,453 |
3.35%, 09/15/25 (a) | 200,000 | 195,182 |
4.00%, 09/15/25 (a) | 150,000 | 147,675 |
3.00%, 04/01/26 (a) | 150,000 | 144,543 |
2.13%, 09/15/26 (a) | 200,000 | 187,006 |
4.95%, 09/30/26 (a) | 150,000 | 150,104 |
2.50%, 04/15/27 (a) | 200,000 | 186,308 |
2.88%, 04/15/27 (a) | 100,000 | 94,408 |
2.80%, 09/14/27 (a) | 150,000 | 140,628 |
1.50%, 09/15/28 (a) | 150,000 | 130,763 |
3.90%, 12/06/28 (a) | 300,000 | 290,325 |
4.90%, 04/15/29 (a) | 150,000 | 150,617 |
2.95%, 06/15/29 (a) | 350,000 | 319,578 |
2.70%, 04/15/30 (a) | 200,000 | 176,994 |
1.38%, 03/15/31 (a) | 250,000 | 197,902 |
1.88%, 09/15/31 (a) | 250,000 | 202,680 |
3.25%, 04/15/32 (a) | 250,000 | 221,915 |
4.50%, 09/15/32 (a)(c) | 200,000 | 195,646 |
5.88%, 12/16/36 | 505,000 | 538,330 |
3.30%, 04/15/40 (a) | 200,000 | 156,838 |
5.40%, 09/15/40 (a) | 100,000 | 100,681 |
5.95%, 04/01/41 (a) | 200,000 | 213,630 |
4.20%, 04/01/43 (a) | 130,000 | 112,052 |
4.88%, 02/15/44 (a) | 195,000 | 183,253 |
4.40%, 03/15/45 (a) | 150,000 | 131,804 |
4.25%, 04/01/46 (a) | 250,000 | 213,917 |
3.90%, 06/15/47 (a) | 200,000 | 161,506 |
4.50%, 12/06/48 (a) | 200,000 | 176,672 |
3.13%, 12/15/49 (a) | 200,000 | 139,454 |
3.35%, 04/15/50 (a) | 250,000 | 181,450 |
2.38%, 03/15/51 (a) | 250,000 | 147,175 |
2.75%, 09/15/51 (a) | 150,000 | 95,747 |
3.63%, 04/15/52 (a) | 300,000 | 226,998 |
4.95%, 09/15/52 (a) | 150,000 | 142,302 |
3.50%, 09/15/56 (a) | 150,000 | 110,316 |
Honda Motor Co. Ltd. | ||
2.53%, 03/10/27 (a) | 200,000 | 186,926 |
2.97%, 03/10/32 (a) | 150,000 | 131,931 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hyatt Hotels Corp. | ||
5.38%, 04/23/25 (a)(g) | 100,000 | 99,827 |
5.75%, 01/30/27 (a) | 100,000 | 101,250 |
4.38%, 09/15/28 (a) | 150,000 | 144,095 |
5.75%, 04/23/30 (a)(g) | 100,000 | 101,959 |
JD.com, Inc. | ||
4.13%, 01/14/50 (a) | 200,000 | 156,604 |
Jones Lang LaSalle, Inc. | ||
6.88%, 12/01/28 (a) | 100,000 | 105,217 |
Las Vegas Sands Corp. | ||
3.50%, 08/18/26 (a) | 200,000 | 188,228 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 50,000 | 47,879 |
4.25%, 05/15/29 (a) | 50,000 | 47,618 |
3.50%, 05/30/30 (a) | 50,000 | 44,736 |
2.60%, 01/15/32 (a) | 100,000 | 81,517 |
5.25%, 05/15/49 (a) | 100,000 | 90,176 |
3.55%, 01/15/52 (a) | 100,000 | 67,949 |
Lennar Corp. | ||
4.75%, 05/30/25 (a) | 150,000 | 148,676 |
4.75%, 11/29/27 (a) | 250,000 | 246,125 |
LKQ Corp. | ||
5.75%, 06/15/28 (a) | 150,000 | 151,572 |
6.25%, 06/15/33 (a) | 150,000 | 154,367 |
Lowe's Cos., Inc. | ||
4.40%, 09/08/25 | 200,000 | 197,586 |
3.38%, 09/15/25 (a) | 274,000 | 266,627 |
4.80%, 04/01/26 (a) | 200,000 | 198,758 |
2.50%, 04/15/26 (a) | 200,000 | 189,894 |
3.35%, 04/01/27 (a) | 200,000 | 190,594 |
3.10%, 05/03/27 (a) | 250,000 | 236,407 |
1.30%, 04/15/28 (a) | 250,000 | 216,772 |
1.70%, 09/15/28 (a) | 100,000 | 86,921 |
3.65%, 04/05/29 (a) | 300,000 | 282,990 |
4.50%, 04/15/30 (a) | 200,000 | 194,376 |
1.70%, 10/15/30 (a) | 250,000 | 202,852 |
2.63%, 04/01/31 (a) | 250,000 | 213,282 |
3.75%, 04/01/32 (a) | 300,000 | 272,466 |
5.00%, 04/15/33 (a) | 200,000 | 197,386 |
5.15%, 07/01/33 (a) | 150,000 | 149,402 |
5.00%, 04/15/40 (a) | 100,000 | 95,120 |
2.80%, 09/15/41 (a) | 200,000 | 139,838 |
4.65%, 04/15/42 (a) | 95,000 | 85,232 |
4.38%, 09/15/45 (a) | 100,000 | 84,971 |
3.70%, 04/15/46 (a) | 150,000 | 113,058 |
4.05%, 05/03/47 (a) | 250,000 | 198,292 |
4.55%, 04/05/49 (a) | 100,000 | 84,921 |
5.13%, 04/15/50 (a) | 100,000 | 92,651 |
3.00%, 10/15/50 (a) | 300,000 | 193,893 |
3.50%, 04/01/51 (a) | 50,000 | 35,315 |
4.25%, 04/01/52 (a) | 300,000 | 241,653 |
5.63%, 04/15/53 (a) | 250,000 | 248,652 |
5.75%, 07/01/53 (a) | 75,000 | 75,875 |
4.45%, 04/01/62 (a) | 250,000 | 200,122 |
5.80%, 09/15/62 (a) | 200,000 | 199,976 |
5.85%, 04/01/63 (a) | 100,000 | 101,116 |
Magna International, Inc. | ||
4.15%, 10/01/25 (a) | 200,000 | 196,366 |
2.45%, 06/15/30 (a) | 200,000 | 172,162 |
Marriott International, Inc. | ||
3.75%, 03/15/25 (a) | 130,000 | 127,637 |
5.75%, 05/01/25 (a) | 300,000 | 301,134 |
3.13%, 06/15/26 (a) | 150,000 | 143,228 |
5.45%, 09/15/26 (a) | 100,000 | 100,473 |
5.00%, 10/15/27 (a) | 150,000 | 149,562 |
4.00%, 04/15/28 (a) | 100,000 | 95,815 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.55%, 10/15/28 (a) | 125,000 | 127,221 |
4.88%, 05/15/29 (a) | 100,000 | 98,700 |
4.63%, 06/15/30 (a) | 200,000 | 193,760 |
3.50%, 10/15/32 (a) | 350,000 | 305,728 |
5.30%, 05/15/34 (a) | 200,000 | 196,958 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 150,000 | 146,648 |
3.30%, 07/01/25 (a) | 100,000 | 97,647 |
1.45%, 09/01/25 (a) | 100,000 | 94,673 |
3.70%, 01/30/26 (a) | 180,000 | 175,950 |
3.50%, 03/01/27 (a) | 200,000 | 192,644 |
3.50%, 07/01/27 (a) | 200,000 | 191,506 |
3.80%, 04/01/28 (a) | 250,000 | 240,122 |
4.80%, 08/14/28 (a) | 100,000 | 99,743 |
2.63%, 09/01/29 (a) | 100,000 | 89,538 |
2.13%, 03/01/30 (a) | 150,000 | 128,411 |
3.60%, 07/01/30 (a) | 150,000 | 139,023 |
4.60%, 09/09/32 (a) | 150,000 | 146,571 |
4.95%, 08/14/33 (a) | 125,000 | 124,016 |
4.70%, 12/09/35 (a) | 100,000 | 96,143 |
6.30%, 10/15/37 | 200,000 | 218,098 |
6.30%, 03/01/38 | 100,000 | 108,963 |
4.88%, 07/15/40 | 100,000 | 95,548 |
3.70%, 02/15/42 | 100,000 | 80,471 |
4.60%, 05/26/45 (a) | 100,000 | 89,167 |
4.88%, 12/09/45 (a) | 320,000 | 294,714 |
4.45%, 03/01/47 (a) | 100,000 | 86,069 |
4.45%, 09/01/48 (a) | 200,000 | 173,420 |
3.63%, 09/01/49 (a) | 300,000 | 224,532 |
4.20%, 04/01/50 (a) | 100,000 | 82,516 |
5.15%, 09/09/52 (a) | 150,000 | 142,593 |
5.45%, 08/14/53 (a) | 150,000 | 149,172 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 100,000 | 92,406 |
2.50%, 01/15/31 (a) | 150,000 | 126,831 |
6.00%, 01/15/43 (a) | 75,000 | 74,856 |
Mercedes-Benz Finance North America LLC | ||
8.50%, 01/18/31 | 350,000 | 425,239 |
NIKE, Inc. | ||
2.38%, 11/01/26 (a) | 100,000 | 94,108 |
2.75%, 03/27/27 (a) | 350,000 | 330,081 |
2.85%, 03/27/30 (a) | 350,000 | 314,870 |
3.25%, 03/27/40 (a) | 300,000 | 239,286 |
3.38%, 11/01/46 (a) | 230,000 | 174,124 |
3.38%, 03/27/50 (a) | 200,000 | 151,954 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 200,000 | 176,342 |
O'Reilly Automotive, Inc. | ||
5.75%, 11/20/26 (a) | 150,000 | 152,198 |
3.60%, 09/01/27 (a) | 150,000 | 143,022 |
4.35%, 06/01/28 (a) | 200,000 | 195,024 |
4.20%, 04/01/30 (a) | 100,000 | 94,979 |
1.75%, 03/15/31 (a) | 150,000 | 120,381 |
4.70%, 06/15/32 (a) | 150,000 | 145,178 |
PACCAR Financial Corp. | ||
3.55%, 08/11/25 | 200,000 | 195,930 |
1.10%, 05/11/26 | 275,000 | 253,616 |
5.20%, 11/09/26 | 100,000 | 100,892 |
4.60%, 01/31/29 | 150,000 | 148,667 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 150,323 |
7.88%, 06/15/32 | 200,000 | 231,452 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(d) | 150,000 | 147,933 |
Ralph Lauren Corp. | ||
2.95%, 06/15/30 (a) | 150,000 | 133,467 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rockefeller Foundation | ||
2.49%, 10/01/50 (a) | 150,000 | 96,246 |
Ross Stores, Inc. | ||
0.88%, 04/15/26 (a) | 250,000 | 228,722 |
Sands China Ltd. | ||
5.13%, 08/08/25 (a)(g) | 400,000 | 394,108 |
4.05%, 01/08/26 (a)(g) | 200,000 | 191,884 |
2.55%, 03/08/27 (a)(g) | 200,000 | 179,854 |
5.40%, 08/08/28 (a)(g) | 300,000 | 291,786 |
3.10%, 03/08/29 (a)(g) | 200,000 | 172,428 |
4.63%, 06/18/30 (a)(g) | 200,000 | 182,172 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 300,000 | 293,832 |
2.45%, 06/15/26 (a) | 150,000 | 141,648 |
4.85%, 02/08/27 (a) | 200,000 | 199,000 |
2.00%, 03/12/27 (a) | 100,000 | 91,675 |
3.50%, 03/01/28 (a) | 150,000 | 142,265 |
4.00%, 11/15/28 (a) | 150,000 | 144,975 |
3.55%, 08/15/29 (a) | 200,000 | 187,630 |
2.25%, 03/12/30 (a) | 100,000 | 85,600 |
2.55%, 11/15/30 (a) | 195,000 | 167,526 |
4.90%, 02/15/31 (a) | 100,000 | 98,844 |
3.00%, 02/14/32 (a) | 200,000 | 173,472 |
4.80%, 02/15/33 (a) | 100,000 | 98,679 |
5.00%, 02/15/34 (a) | 100,000 | 98,467 |
3.75%, 12/01/47 (a) | 150,000 | 115,836 |
4.50%, 11/15/48 (a) | 150,000 | 129,935 |
4.45%, 08/15/49 (a) | 150,000 | 128,480 |
3.35%, 03/12/50 (a) | 100,000 | 70,858 |
3.50%, 11/15/50 (a) | 200,000 | 146,448 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 150,000 | 147,809 |
7.00%, 11/27/26 | 100,000 | 102,732 |
4.13%, 07/15/27 (a) | 100,000 | 95,035 |
7.35%, 11/27/28 (a) | 200,000 | 209,432 |
7.70%, 11/27/30 (a) | 200,000 | 212,568 |
7.85%, 11/27/33 (a) | 225,000 | 243,697 |
Target Corp. | ||
2.25%, 04/15/25 (a) | 300,000 | 290,682 |
2.50%, 04/15/26 | 200,000 | 191,062 |
3.38%, 04/15/29 (a) | 150,000 | 140,633 |
2.35%, 02/15/30 (a) | 250,000 | 218,202 |
2.65%, 09/15/30 (a) | 350,000 | 307,282 |
4.50%, 09/15/32 (a) | 200,000 | 193,780 |
4.40%, 01/15/33 (a) | 100,000 | 96,608 |
4.00%, 07/01/42 | 75,000 | 64,706 |
3.90%, 11/15/47 (a) | 300,000 | 245,079 |
2.95%, 01/15/52 (a) | 200,000 | 133,098 |
4.80%, 01/15/53 (a) | 200,000 | 185,040 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 200,000 | 187,984 |
1.15%, 05/15/28 (a) | 150,000 | 129,365 |
3.88%, 04/15/30 (a) | 100,000 | 94,886 |
1.60%, 05/15/31 (a) | 100,000 | 80,802 |
Toll Brothers Finance Corp. | ||
4.88%, 03/15/27 (a) | 100,000 | 98,352 |
4.35%, 02/15/28 (a) | 200,000 | 192,304 |
Toyota Motor Corp. | ||
1.34%, 03/25/26 (a) | 200,000 | 185,766 |
5.12%, 07/13/28 (a) | 100,000 | 101,971 |
3.67%, 07/20/28 | 150,000 | 145,545 |
2.36%, 03/25/31 (a) | 100,000 | 86,302 |
5.12%, 07/13/33 (a)(c) | 100,000 | 104,978 |
Toyota Motor Credit Corp. | ||
3.00%, 04/01/25 | 300,000 | 293,169 |
3.95%, 06/30/25 | 250,000 | 246,222 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.80%, 10/16/25 | 250,000 | 233,765 |
5.40%, 11/10/25 | 200,000 | 201,288 |
0.80%, 01/09/26 | 150,000 | 139,176 |
4.45%, 05/18/26 | 300,000 | 296,910 |
1.13%, 06/18/26 | 250,000 | 229,457 |
5.40%, 11/20/26 | 200,000 | 202,144 |
3.20%, 01/11/27 | 150,000 | 143,363 |
1.90%, 01/13/27 | 150,000 | 138,219 |
3.05%, 03/22/27 | 300,000 | 284,604 |
1.15%, 08/13/27 | 200,000 | 177,294 |
4.55%, 09/20/27 | 200,000 | 198,354 |
5.45%, 11/10/27 | 100,000 | 102,045 |
4.63%, 01/12/28 | 150,000 | 149,187 |
1.90%, 04/06/28 | 150,000 | 134,079 |
5.25%, 09/11/28 | 100,000 | 101,493 |
4.65%, 01/05/29 | 10,000 | 9,898 |
3.65%, 01/08/29 | 150,000 | 142,056 |
4.45%, 06/29/29 | 200,000 | 196,526 |
2.15%, 02/13/30 | 100,000 | 85,974 |
3.38%, 04/01/30 | 200,000 | 184,014 |
4.55%, 05/17/30 | 150,000 | 146,988 |
5.55%, 11/20/30 | 200,000 | 206,582 |
1.65%, 01/10/31 | 100,000 | 81,250 |
1.90%, 09/12/31 | 100,000 | 81,293 |
4.70%, 01/12/33 | 200,000 | 197,428 |
4.80%, 01/05/34 | 100,000 | 97,518 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 125,000 | 100,714 |
5.25%, 05/15/33 (a) | 150,000 | 149,265 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 150,000 | 144,012 |
2.95%, 04/23/30 (a) | 200,000 | 165,030 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 250,000 | 242,360 |
4.95%, 02/15/30 (a) | 200,000 | 191,148 |
5.13%, 05/15/32 (a) | 200,000 | 187,976 |
5.63%, 05/15/52 (a) | 150,000 | 135,666 |
Walmart, Inc. | ||
3.55%, 06/26/25 (a) | 100,000 | 98,405 |
3.90%, 09/09/25 | 250,000 | 246,262 |
4.00%, 04/15/26 (a) | 250,000 | 246,212 |
3.05%, 07/08/26 (a) | 200,000 | 192,458 |
1.05%, 09/17/26 (a) | 200,000 | 182,788 |
3.95%, 09/09/27 (a) | 200,000 | 196,044 |
3.90%, 04/15/28 (a) | 125,000 | 121,979 |
3.70%, 06/26/28 (a) | 300,000 | 290,367 |
1.50%, 09/22/28 (a) | 200,000 | 175,674 |
2.38%, 09/24/29 (a) | 100,000 | 89,357 |
7.55%, 02/15/30 | 200,000 | 231,570 |
1.80%, 09/22/31 (a) | 250,000 | 205,052 |
4.15%, 09/09/32 (a) | 200,000 | 193,092 |
4.10%, 04/15/33 (a) | 250,000 | 238,327 |
5.25%, 09/01/35 | 250,000 | 258,972 |
6.50%, 08/15/37 | 150,000 | 172,236 |
6.20%, 04/15/38 | 100,000 | 112,329 |
3.95%, 06/28/38 (a) | 100,000 | 90,328 |
5.63%, 04/01/40 | 100,000 | 106,320 |
5.00%, 10/25/40 | 150,000 | 151,901 |
5.63%, 04/15/41 | 100,000 | 106,505 |
2.50%, 09/22/41 (a) | 200,000 | 141,332 |
4.30%, 04/22/44 (a) | 100,000 | 91,364 |
3.63%, 12/15/47 (a) | 50,000 | 39,475 |
4.05%, 06/29/48 (a) | 350,000 | 301,626 |
2.95%, 09/24/49 (a) | 150,000 | 104,919 |
2.65%, 09/22/51 (a) | 250,000 | 163,180 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 09/09/52 (a) | 200,000 | 182,462 |
4.50%, 04/15/53 (a) | 250,000 | 227,592 |
83,537,078 | ||
Consumer Non-Cyclical 3.9% | ||
Abbott Laboratories | ||
3.75%, 11/30/26 (a) | 500,000 | 487,245 |
1.15%, 01/30/28 (a) | 50,000 | 43,860 |
1.40%, 06/30/30 (a) | 150,000 | 123,786 |
4.75%, 11/30/36 (a) | 350,000 | 343,283 |
6.15%, 11/30/37 | 150,000 | 166,399 |
5.30%, 05/27/40 | 100,000 | 102,178 |
4.75%, 04/15/43 (a) | 150,000 | 144,000 |
4.90%, 11/30/46 (a) | 576,000 | 555,926 |
AbbVie, Inc. | ||
3.80%, 03/15/25 (a) | 200,000 | 195,974 |
3.60%, 05/14/25 (a) | 800,000 | 784,008 |
3.20%, 05/14/26 (a) | 350,000 | 336,899 |
2.95%, 11/21/26 (a) | 700,000 | 663,957 |
4.80%, 03/15/27 (a) | 400,000 | 398,932 |
4.25%, 11/14/28 (a) | 300,000 | 293,280 |
4.80%, 03/15/29 (a) | 450,000 | 448,110 |
3.20%, 11/21/29 (a) | 1,000,000 | 915,420 |
4.95%, 03/15/31 (a) | 350,000 | 350,066 |
5.05%, 03/15/34 (a) | 525,000 | 527,782 |
4.55%, 03/15/35 (a) | 350,000 | 335,790 |
4.50%, 05/14/35 (a) | 400,000 | 382,004 |
4.30%, 05/14/36 (a) | 175,000 | 163,009 |
4.05%, 11/21/39 (a) | 700,000 | 615,188 |
4.63%, 10/01/42 (a) | 100,000 | 91,598 |
4.40%, 11/06/42 | 450,000 | 403,573 |
5.35%, 03/15/44 (a) | 150,000 | 151,432 |
4.85%, 06/15/44 (a) | 200,000 | 189,296 |
4.75%, 03/15/45 (a) | 161,000 | 149,307 |
4.70%, 05/14/45 (a) | 450,000 | 415,561 |
4.45%, 05/14/46 (a) | 350,000 | 309,862 |
4.88%, 11/14/48 (a) | 300,000 | 283,896 |
4.25%, 11/21/49 (a) | 1,000,000 | 861,720 |
5.40%, 03/15/54 (a) | 550,000 | 558,992 |
5.50%, 03/15/64 (a) | 275,000 | 278,272 |
Adventist Health System | ||
3.63%, 03/01/49 (a) | 100,000 | 73,742 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 50,000 | 48,033 |
4.27%, 08/15/48 (a) | 150,000 | 130,928 |
3.39%, 10/15/49 (a) | 100,000 | 75,304 |
Agilent Technologies, Inc. | ||
3.05%, 09/22/26 (a) | 100,000 | 95,179 |
2.75%, 09/15/29 (a) | 100,000 | 89,577 |
2.10%, 06/04/30 (a) | 100,000 | 83,850 |
2.30%, 03/12/31 (a) | 100,000 | 83,542 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 75,000 | 81,461 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 50,000 | 47,923 |
2.78%, 07/01/51 (a) | 100,000 | 65,749 |
Allina Health System | ||
3.89%, 04/15/49 (a) | 100,000 | 81,320 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 170,000 | 164,121 |
4.40%, 02/14/26 (a) | 200,000 | 196,856 |
2.63%, 09/16/26 (a) | 100,000 | 94,009 |
6.20%, 11/01/28 (a) | 100,000 | 103,899 |
4.80%, 02/14/29 (a) | 300,000 | 294,783 |
3.40%, 05/06/30 (a) | 150,000 | 135,081 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.45%, 02/04/32 (a) | 300,000 | 240,477 |
6.88%, 11/01/33 (a) | 100,000 | 107,876 |
5.80%, 02/14/39 (a) | 375,000 | 374,025 |
3.40%, 02/04/41 (a) | 200,000 | 143,926 |
4.25%, 08/09/42 | 200,000 | 160,158 |
4.50%, 05/02/43 | 100,000 | 82,964 |
5.38%, 01/31/44 | 295,000 | 287,180 |
3.88%, 09/16/46 (a) | 200,000 | 146,570 |
5.95%, 02/14/49 (a) | 400,000 | 398,868 |
4.45%, 05/06/50 (a) | 100,000 | 78,488 |
3.70%, 02/04/51 (a) | 250,000 | 170,550 |
4.00%, 02/04/61 (a) | 200,000 | 143,130 |
Amgen, Inc. | ||
5.25%, 03/02/25 | 350,000 | 349,373 |
3.13%, 05/01/25 (a) | 250,000 | 243,815 |
5.51%, 03/02/26 (a) | 200,000 | 199,890 |
2.60%, 08/19/26 (a) | 130,000 | 122,751 |
2.20%, 02/21/27 (a) | 300,000 | 276,585 |
3.20%, 11/02/27 (a) | 150,000 | 141,092 |
5.15%, 03/02/28 (a) | 650,000 | 651,651 |
1.65%, 08/15/28 (a) | 300,000 | 261,213 |
3.00%, 02/22/29 (a) | 200,000 | 183,560 |
4.05%, 08/18/29 (a) | 300,000 | 286,911 |
2.45%, 02/21/30 (a) | 200,000 | 173,886 |
5.25%, 03/02/30 (a) | 500,000 | 504,180 |
2.30%, 02/25/31 (a) | 175,000 | 146,552 |
2.00%, 01/15/32 (a) | 200,000 | 160,442 |
3.35%, 02/22/32 (a) | 200,000 | 176,972 |
4.20%, 03/01/33 (a) | 200,000 | 185,238 |
5.25%, 03/02/33 (a) | 700,000 | 698,355 |
6.40%, 02/01/39 | 50,000 | 54,191 |
3.15%, 02/21/40 (a) | 350,000 | 262,804 |
2.80%, 08/15/41 (a) | 200,000 | 142,554 |
4.95%, 10/01/41 | 100,000 | 93,392 |
5.15%, 11/15/41 (a) | 100,000 | 95,282 |
5.60%, 03/02/43 (a) | 500,000 | 502,025 |
4.40%, 05/01/45 (a) | 375,000 | 320,415 |
4.56%, 06/15/48 (a) | 250,000 | 216,652 |
3.38%, 02/21/50 (a) | 400,000 | 286,420 |
4.66%, 06/15/51 (a) | 625,000 | 543,456 |
3.00%, 01/15/52 (a) | 150,000 | 100,368 |
4.20%, 02/22/52 (a) | 200,000 | 162,188 |
4.88%, 03/01/53 (a) | 200,000 | 179,642 |
5.65%, 03/02/53 (a) | 800,000 | 801,392 |
2.77%, 09/01/53 (a) | 219,000 | 133,813 |
4.40%, 02/22/62 (a) | 175,000 | 140,800 |
5.75%, 03/02/63 (a) | 475,000 | 475,708 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 400,000 | 390,052 |
4.70%, 02/01/36 (a) | 955,000 | 914,928 |
4.90%, 02/01/46 (a) | 1,600,000 | 1,495,424 |
Anheuser-Busch InBev Finance, Inc. | ||
4.70%, 02/01/36 (a) | 150,000 | 143,180 |
4.63%, 02/01/44 | 200,000 | 180,686 |
4.90%, 02/01/46 (a) | 200,000 | 185,058 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 450,000 | 436,459 |
4.75%, 01/23/29 (a) | 800,000 | 794,848 |
3.50%, 06/01/30 (a) | 300,000 | 277,461 |
4.90%, 01/23/31 (a) | 100,000 | 100,593 |
4.38%, 04/15/38 (a) | 250,000 | 228,840 |
8.20%, 01/15/39 | 250,000 | 321,712 |
5.45%, 01/23/39 (a) | 300,000 | 305,544 |
8.00%, 11/15/39 | 150,000 | 188,406 |
4.35%, 06/01/40 (a) | 250,000 | 223,887 |
4.95%, 01/15/42 | 200,000 | 190,986 |
3.75%, 07/15/42 | 100,000 | 81,964 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.60%, 04/15/48 (a) | 200,000 | 179,864 |
4.44%, 10/06/48 (a) | 350,000 | 306,834 |
5.55%, 01/23/49 (a) | 700,000 | 718,830 |
4.50%, 06/01/50 (a) | 150,000 | 135,321 |
4.75%, 04/15/58 (a) | 150,000 | 135,354 |
5.80%, 01/23/59 (a) | 350,000 | 370,573 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 200,000 | 188,356 |
3.25%, 03/27/30 (a) | 200,000 | 181,002 |
2.90%, 03/01/32 (a) | 250,000 | 213,200 |
5.38%, 09/15/35 | 100,000 | 100,750 |
4.54%, 03/26/42 | 100,000 | 90,092 |
3.75%, 09/15/47 (a) | 50,000 | 38,056 |
4.50%, 03/15/49 (a) | 100,000 | 87,425 |
2.70%, 09/15/51 (a) | 100,000 | 63,406 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 150,000 | 133,665 |
3.11%, 11/15/39 (a) | 100,000 | 78,109 |
3.95%, 11/15/46 | 150,000 | 125,889 |
4.85%, 11/15/53 | 100,000 | 96,193 |
Astrazeneca Finance LLC | ||
1.20%, 05/28/26 (a) | 250,000 | 230,010 |
4.80%, 02/26/27 (a) | 200,000 | 199,532 |
4.88%, 03/03/28 (a) | 200,000 | 199,856 |
1.75%, 05/28/28 (a) | 250,000 | 221,062 |
4.85%, 02/26/29 (a) | 200,000 | 200,006 |
4.90%, 03/03/30 (a) | 150,000 | 150,363 |
4.90%, 02/26/31 (a) | 200,000 | 199,670 |
2.25%, 05/28/31 (a) | 150,000 | 125,852 |
4.88%, 03/03/33 (a) | 150,000 | 149,587 |
5.00%, 02/26/34 (a) | 250,000 | 251,060 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 300,000 | 291,846 |
0.70%, 04/08/26 (a) | 200,000 | 183,126 |
3.13%, 06/12/27 (a) | 100,000 | 95,052 |
4.00%, 01/17/29 (a) | 150,000 | 144,969 |
1.38%, 08/06/30 (a) | 250,000 | 202,777 |
6.45%, 09/15/37 | 380,000 | 428,256 |
4.00%, 09/18/42 | 125,000 | 106,948 |
4.38%, 11/16/45 | 100,000 | 88,521 |
4.38%, 08/17/48 (a) | 150,000 | 133,490 |
2.13%, 08/06/50 (a) | 50,000 | 29,557 |
3.00%, 05/28/51 (a) | 200,000 | 138,536 |
Banner Health | ||
2.34%, 01/01/30 (a) | 100,000 | 86,488 |
1.90%, 01/01/31 (a) | 100,000 | 81,549 |
3.18%, 01/01/50 (a) | 100,000 | 71,784 |
Baptist Healthcare System Obligated Group | ||
Series 20B 3.54%, 08/15/50 (a) | 150,000 | 111,534 |
BAT Capital Corp. | ||
3.22%, 09/06/26 (a) | 200,000 | 189,606 |
4.70%, 04/02/27 (a) | 150,000 | 146,823 |
3.56%, 08/15/27 (a) | 400,000 | 377,960 |
2.26%, 03/25/28 (a) | 350,000 | 309,795 |
3.46%, 09/06/29 (a) | 100,000 | 90,560 |
4.91%, 04/02/30 (a) | 175,000 | 170,056 |
6.34%, 08/02/30 (a) | 200,000 | 206,610 |
5.83%, 02/20/31 (a) | 150,000 | 149,509 |
2.73%, 03/25/31 (a) | 250,000 | 206,287 |
4.74%, 03/16/32 (a) | 100,000 | 94,140 |
7.75%, 10/19/32 (a) | 100,000 | 111,626 |
6.42%, 08/02/33 (a) | 250,000 | 257,050 |
6.00%, 02/20/34 (a) | 175,000 | 173,462 |
4.39%, 08/15/37 (a) | 450,000 | 369,387 |
3.73%, 09/25/40 (a) | 150,000 | 108,345 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.08%, 08/02/43 (a) | 150,000 | 156,279 |
4.54%, 08/15/47 (a) | 450,000 | 336,460 |
4.76%, 09/06/49 (a) | 150,000 | 116,024 |
5.28%, 04/02/50 (a) | 100,000 | 82,937 |
3.98%, 09/25/50 (a) | 200,000 | 136,698 |
5.65%, 03/16/52 (a) | 125,000 | 109,965 |
7.08%, 08/02/53 (a) | 100,000 | 103,766 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 250,000 | 231,727 |
4.45%, 03/16/28 (a) | 100,000 | 96,482 |
5.93%, 02/02/29 (a) | 100,000 | 102,130 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 147,322 |
5.25%, 06/23/45 (a) | 99,000 | 95,529 |
Baxter International, Inc. | ||
2.60%, 08/15/26 (a) | 129,000 | 121,003 |
1.92%, 02/01/27 (a) | 300,000 | 272,817 |
2.27%, 12/01/28 (a) | 250,000 | 219,250 |
3.95%, 04/01/30 (a) | 100,000 | 92,719 |
1.73%, 04/01/31 (a) | 150,000 | 118,472 |
2.54%, 02/01/32 (a) | 250,000 | 205,010 |
3.50%, 08/15/46 (a) | 85,000 | 60,312 |
3.13%, 12/01/51 (a) | 75,000 | 48,917 |
BayCare Health System, Inc. | ||
Series 2020 3.83%, 11/15/50 (a) | 100,000 | 81,914 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 100,000 | 81,462 |
4.19%, 11/15/45 (a) | 100,000 | 87,956 |
2.84%, 11/15/50 (a) | 200,000 | 133,018 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 298,000 | 285,830 |
4.69%, 02/13/28 (a) | 150,000 | 147,885 |
4.87%, 02/08/29 (a) | 100,000 | 98,772 |
2.82%, 05/20/30 (a) | 150,000 | 131,678 |
1.96%, 02/11/31 (a) | 200,000 | 162,724 |
5.11%, 02/08/34 (a) | 100,000 | 98,474 |
4.69%, 12/15/44 (a) | 250,000 | 224,802 |
4.67%, 06/06/47 (a) | 200,000 | 177,328 |
3.79%, 05/20/50 (a) | 150,000 | 116,072 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 300,000 | 294,147 |
2.25%, 05/01/30 (a) | 300,000 | 251,244 |
3.15%, 05/01/50 (a) | 300,000 | 198,237 |
3.25%, 02/15/51 (a) | 292,000 | 199,632 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 94,333 |
3.70%, 03/15/32 (a) | 150,000 | 133,730 |
Bon Secours Mercy Health, Inc. | ||
2.10%, 06/01/31 (a) | 100,000 | 81,107 |
3.21%, 06/01/50 (a) | 100,000 | 71,048 |
Boston Scientific Corp. | ||
1.90%, 06/01/25 (a) | 100,000 | 95,903 |
2.65%, 06/01/30 (a) | 150,000 | 131,271 |
6.50%, 11/15/35 (f) | 100,000 | 110,721 |
4.55%, 03/01/39 (a) | 150,000 | 139,457 |
4.70%, 03/01/49 (a) | 150,000 | 137,598 |
Bristol-Myers Squibb Co. | ||
0.75%, 11/13/25 (a) | 150,000 | 139,574 |
4.95%, 02/20/26 | 200,000 | 199,736 |
3.20%, 06/15/26 (a) | 350,000 | 336,766 |
4.90%, 02/22/27 (a) | 200,000 | 199,784 |
3.25%, 02/27/27 | 150,000 | 144,039 |
1.13%, 11/13/27 (a) | 150,000 | 131,514 |
3.90%, 02/20/28 (a) | 300,000 | 289,806 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.90%, 02/22/29 (a) | 300,000 | 299,307 |
3.40%, 07/26/29 (a) | 300,000 | 279,798 |
1.45%, 11/13/30 (a) | 150,000 | 120,408 |
5.75%, 02/01/31 (a) | 250,000 | 260,680 |
5.10%, 02/22/31 (a) | 225,000 | 225,794 |
2.95%, 03/15/32 (a) | 350,000 | 302,813 |
5.90%, 11/15/33 (a) | 200,000 | 211,866 |
5.20%, 02/22/34 (a) | 500,000 | 504,075 |
4.13%, 06/15/39 (a) | 325,000 | 283,705 |
2.35%, 11/13/40 (a) | 150,000 | 100,829 |
3.55%, 03/15/42 (a) | 250,000 | 197,407 |
3.25%, 08/01/42 | 100,000 | 75,718 |
4.63%, 05/15/44 (a) | 150,000 | 135,972 |
5.00%, 08/15/45 (a) | 100,000 | 95,342 |
4.35%, 11/15/47 (a) | 250,000 | 212,815 |
4.55%, 02/20/48 (a) | 150,000 | 132,176 |
4.25%, 10/26/49 (a) | 650,000 | 545,298 |
2.55%, 11/13/50 (a) | 200,000 | 121,418 |
3.70%, 03/15/52 (a) | 350,000 | 265,387 |
6.25%, 11/15/53 (a) | 200,000 | 222,074 |
5.55%, 02/22/54 (a) | 500,000 | 506,485 |
3.90%, 03/15/62 (a) | 200,000 | 149,366 |
6.40%, 11/15/63 (a) | 200,000 | 223,616 |
5.65%, 02/22/64 (a) | 350,000 | 353,671 |
Brown-Forman Corp. | ||
4.75%, 04/15/33 (a) | 150,000 | 148,069 |
4.00%, 04/15/38 (a) | 150,000 | 131,903 |
Brunswick Corp. | ||
2.40%, 08/18/31 (a) | 150,000 | 118,169 |
5.10%, 04/01/52 (a) | 75,000 | 59,352 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 100,000 | 94,682 |
3.25%, 08/15/26 (a) | 150,000 | 143,087 |
3.75%, 09/25/27 (a) | 150,000 | 143,606 |
2.75%, 05/14/31 (a) | 150,000 | 127,733 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 100,000 | 98,419 |
3.30%, 03/19/25 (a) | 150,000 | 146,367 |
4.15%, 03/15/28 (a) | 150,000 | 144,782 |
4.80%, 03/15/48 (a) | 100,000 | 87,876 |
3.13%, 04/24/50 (a) | 200,000 | 130,764 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25 (a) | 130,000 | 126,853 |
3.41%, 06/15/27 (a) | 250,000 | 237,037 |
5.13%, 02/15/29 (a) | 125,000 | 124,540 |
5.45%, 02/15/34 (a) | 100,000 | 100,092 |
4.50%, 11/15/44 (a) | 100,000 | 84,509 |
4.90%, 09/15/45 (a) | 80,000 | 70,914 |
4.37%, 06/15/47 (a) | 100,000 | 82,277 |
Catholic Health Services of Long Island Obligated Group | ||
3.37%, 07/01/50 (a) | 50,000 | 34,978 |
Cencora, Inc. | ||
3.25%, 03/01/25 (a) | 100,000 | 97,842 |
3.45%, 12/15/27 (a) | 100,000 | 94,675 |
2.80%, 05/15/30 (a) | 100,000 | 87,935 |
2.70%, 03/15/31 (a) | 200,000 | 170,722 |
5.13%, 02/15/34 (a) | 100,000 | 98,219 |
4.25%, 03/01/45 (a) | 100,000 | 87,229 |
4.30%, 12/15/47 (a) | 100,000 | 85,193 |
Children's Health System of Texas | ||
2.51%, 08/15/50 (a) | 150,000 | 93,104 |
Children's Hospital | ||
2.93%, 07/15/50 (a) | 100,000 | 65,598 |
Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 100,000 | 85,696 |
2.59%, 02/01/50 (a) | 80,000 | 50,711 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 100,000 | 88,678 |
Children's Hospital of Philadelphia | ||
2.70%, 07/01/50 (a) | 100,000 | 66,173 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 100,000 | 94,279 |
5.60%, 11/15/32 (a) | 100,000 | 103,809 |
3.95%, 08/01/47 (a) | 100,000 | 80,130 |
5.00%, 06/15/52 (a) | 100,000 | 94,709 |
Cigna Group | ||
3.25%, 04/15/25 (a) | 200,000 | 195,234 |
4.50%, 02/25/26 (a) | 194,000 | 191,447 |
1.25%, 03/15/26 (a) | 200,000 | 184,814 |
3.40%, 03/01/27 (a) | 142,000 | 135,273 |
3.05%, 10/15/27 (a) | 145,000 | 135,489 |
4.38%, 10/15/28 (a) | 660,000 | 641,335 |
5.00%, 05/15/29 (a) | 200,000 | 198,660 |
2.40%, 03/15/30 (a) | 250,000 | 214,420 |
2.38%, 03/15/31 (a) | 250,000 | 208,665 |
5.13%, 05/15/31 (a) | 250,000 | 247,317 |
5.40%, 03/15/33 (a) | 150,000 | 151,060 |
5.25%, 02/15/34 (a) | 225,000 | 222,347 |
4.80%, 08/15/38 (a) | 405,000 | 376,196 |
3.20%, 03/15/40 (a) | 150,000 | 112,122 |
6.13%, 11/15/41 | 100,000 | 106,113 |
4.80%, 07/15/46 (a) | 270,000 | 241,804 |
3.88%, 10/15/47 (a) | 145,000 | 111,559 |
4.90%, 12/15/48 (a) | 500,000 | 449,930 |
3.40%, 03/15/50 (a) | 200,000 | 139,594 |
3.40%, 03/15/51 (a) | 250,000 | 174,495 |
5.60%, 02/15/54 (a) | 250,000 | 246,340 |
City of Hope | ||
5.62%, 11/15/43 | 100,000 | 98,899 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 50,000 | 45,475 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 150,000 | 140,861 |
3.90%, 05/15/28 (a) | 100,000 | 96,233 |
4.60%, 05/01/32 (a) | 200,000 | 194,186 |
Coca-Cola Co. | ||
3.38%, 03/25/27 | 200,000 | 192,850 |
1.45%, 06/01/27 | 300,000 | 271,539 |
1.50%, 03/05/28 | 100,000 | 88,932 |
1.00%, 03/15/28 | 250,000 | 217,972 |
2.13%, 09/06/29 | 150,000 | 132,084 |
3.45%, 03/25/30 | 200,000 | 186,676 |
1.65%, 06/01/30 | 300,000 | 250,866 |
2.00%, 03/05/31 | 125,000 | 104,650 |
1.38%, 03/15/31 | 250,000 | 200,242 |
2.25%, 01/05/32 | 350,000 | 295,060 |
2.50%, 06/01/40 | 200,000 | 143,040 |
2.88%, 05/05/41 | 150,000 | 112,692 |
4.20%, 03/25/50 | 100,000 | 88,417 |
2.60%, 06/01/50 | 300,000 | 193,719 |
3.00%, 03/05/51 | 250,000 | 175,505 |
2.50%, 03/15/51 | 250,000 | 156,540 |
2.75%, 06/01/60 | 200,000 | 127,104 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 100,000 | 97,779 |
Coca-Cola Femsa SAB de CV | ||
2.75%, 01/22/30 (a) | 200,000 | 177,138 |
1.85%, 09/01/32 (a) | 100,000 | 77,947 |
5.25%, 11/26/43 | 150,000 | 146,257 |
Colgate-Palmolive Co. | ||
4.80%, 03/02/26 | 100,000 | 100,255 |
3.10%, 08/15/27 (a) | 200,000 | 190,948 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.60%, 03/01/33 (a) | 150,000 | 149,019 |
4.00%, 08/15/45 | 100,000 | 87,718 |
3.70%, 08/01/47 (a) | 100,000 | 82,648 |
CommonSpirit Health | ||
1.55%, 10/01/25 (a) | 125,000 | 117,459 |
6.07%, 11/01/27 (a) | 100,000 | 102,584 |
3.35%, 10/01/29 (a) | 150,000 | 136,317 |
4.35%, 11/01/42 | 150,000 | 128,652 |
3.82%, 10/01/49 (a) | 150,000 | 115,968 |
4.19%, 10/01/49 (a) | 100,000 | 81,380 |
3.91%, 10/01/50 (a) | 100,000 | 77,363 |
6.46%, 11/01/52 (a) | 100,000 | 112,747 |
Community Health Network, Inc. | ||
3.10%, 05/01/50 (a) | 50,000 | 33,769 |
Conagra Brands, Inc. | ||
4.60%, 11/01/25 (a) | 150,000 | 147,802 |
5.30%, 10/01/26 | 200,000 | 200,084 |
1.38%, 11/01/27 (a) | 250,000 | 217,410 |
4.85%, 11/01/28 (a) | 250,000 | 245,810 |
5.30%, 11/01/38 (a) | 100,000 | 94,519 |
5.40%, 11/01/48 (a) | 200,000 | 184,906 |
Constellation Brands, Inc. | ||
4.40%, 11/15/25 (a) | 100,000 | 98,537 |
4.75%, 12/01/25 | 100,000 | 98,940 |
3.70%, 12/06/26 (a) | 100,000 | 96,308 |
3.50%, 05/09/27 (a) | 100,000 | 95,074 |
4.35%, 05/09/27 (a) | 100,000 | 97,806 |
3.60%, 02/15/28 (a) | 150,000 | 141,803 |
3.15%, 08/01/29 (a) | 50,000 | 45,382 |
2.88%, 05/01/30 (a) | 200,000 | 175,740 |
2.25%, 08/01/31 (a) | 150,000 | 122,483 |
4.75%, 05/09/32 (a) | 150,000 | 145,089 |
4.90%, 05/01/33 (a) | 150,000 | 145,680 |
4.50%, 05/09/47 (a) | 150,000 | 126,533 |
4.10%, 02/15/48 (a) | 100,000 | 80,345 |
5.25%, 11/15/48 (a) | 75,000 | 70,798 |
3.75%, 05/01/50 (a) | 150,000 | 112,349 |
Corewell Health Obligated Group | ||
3.49%, 07/15/49 (a) | 50,000 | 37,770 |
Cottage Health Obligated Group | ||
3.30%, 11/01/49 (a) | 100,000 | 72,595 |
CVS Health Corp. | ||
4.10%, 03/25/25 (a) | 150,000 | 148,159 |
3.88%, 07/20/25 (a) | 500,000 | 489,945 |
5.00%, 02/20/26 (a) | 250,000 | 248,942 |
2.88%, 06/01/26 (a) | 300,000 | 285,228 |
3.00%, 08/15/26 (a) | 100,000 | 94,994 |
3.63%, 04/01/27 (a) | 150,000 | 143,877 |
1.30%, 08/21/27 (a) | 400,000 | 351,652 |
4.30%, 03/25/28 (a) | 845,000 | 820,630 |
5.00%, 01/30/29 (a) | 200,000 | 199,348 |
3.25%, 08/15/29 (a) | 300,000 | 273,249 |
5.13%, 02/21/30 (a) | 250,000 | 248,550 |
3.75%, 04/01/30 (a) | 300,000 | 276,930 |
1.75%, 08/21/30 (a) | 250,000 | 202,960 |
5.25%, 01/30/31 (a) | 100,000 | 99,913 |
1.88%, 02/28/31 (a) | 250,000 | 201,125 |
2.13%, 09/15/31 (a) | 200,000 | 161,514 |
5.25%, 02/21/33 (a) | 300,000 | 297,198 |
5.30%, 06/01/33 (a) | 200,000 | 198,704 |
4.88%, 07/20/35 (a) | 100,000 | 95,465 |
4.78%, 03/25/38 (a) | 900,000 | 819,432 |
6.13%, 09/15/39 | 150,000 | 154,216 |
4.13%, 04/01/40 (a) | 200,000 | 164,636 |
2.70%, 08/21/40 (a) | 200,000 | 136,524 |
5.30%, 12/05/43 (a) | 100,000 | 93,052 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.13%, 07/20/45 (a) | 600,000 | 546,648 |
5.05%, 03/25/48 (a) | 1,400,000 | 1,251,348 |
4.25%, 04/01/50 (a) | 150,000 | 119,936 |
5.63%, 02/21/53 (a) | 200,000 | 192,260 |
5.88%, 06/01/53 (a) | 200,000 | 199,514 |
6.00%, 06/01/63 (a) | 100,000 | 100,298 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 50,000 | 48,779 |
4.38%, 09/15/45 (a) | 100,000 | 88,797 |
2.60%, 10/01/50 (a) | 200,000 | 126,098 |
2.80%, 12/10/51 (a) | 200,000 | 130,000 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 150,000 | 130,896 |
DH Europe Finance II SARL | ||
2.60%, 11/15/29 (a) | 100,000 | 88,919 |
3.25%, 11/15/39 (a) | 150,000 | 119,382 |
3.40%, 11/15/49 (a) | 150,000 | 112,104 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 200,000 | 188,644 |
3.88%, 05/18/28 (a) | 200,000 | 193,322 |
2.38%, 10/24/29 (a) | 200,000 | 175,724 |
2.00%, 04/29/30 (a) | 250,000 | 210,895 |
2.13%, 04/29/32 (a) | 200,000 | 161,724 |
5.50%, 01/24/33 (a) | 200,000 | 205,594 |
5.63%, 10/05/33 (a) | 200,000 | 207,926 |
3.88%, 04/29/43 (a) | 100,000 | 84,753 |
Diageo Investment Corp. | ||
4.25%, 05/11/42 | 150,000 | 133,341 |
Dignity Health | ||
4.50%, 11/01/42 | 50,000 | 43,148 |
5.27%, 11/01/64 | 50,000 | 46,697 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 150,000 | 124,163 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 100,000 | 97,173 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 100,000 | 97,249 |
4.50%, 02/09/27 (a) | 200,000 | 199,218 |
5.50%, 03/15/27 | 100,000 | 102,404 |
3.10%, 05/15/27 (a) | 100,000 | 95,191 |
4.50%, 02/09/29 (a) | 200,000 | 199,000 |
3.38%, 03/15/29 (a) | 200,000 | 188,596 |
4.70%, 02/27/33 (a) | 200,000 | 198,436 |
4.70%, 02/09/34 (a) | 250,000 | 247,027 |
3.70%, 03/01/45 (a) | 100,000 | 82,854 |
3.95%, 05/15/47 (a) | 50,000 | 43,118 |
3.95%, 03/15/49 (a) | 200,000 | 168,220 |
2.25%, 05/15/50 (a) | 200,000 | 121,322 |
4.88%, 02/27/53 (a) | 200,000 | 194,088 |
5.00%, 02/09/54 (a) | 300,000 | 296,013 |
4.15%, 03/15/59 (a) | 150,000 | 126,546 |
2.50%, 09/15/60 (a) | 100,000 | 58,331 |
4.95%, 02/27/63 (a) | 150,000 | 144,711 |
5.10%, 02/09/64 (a) | 250,000 | 245,820 |
Estee Lauder Cos., Inc. | ||
3.15%, 03/15/27 (a) | 100,000 | 95,322 |
4.38%, 05/15/28 (a) | 100,000 | 98,352 |
2.38%, 12/01/29 (a) | 100,000 | 87,444 |
2.60%, 04/15/30 (a) | 150,000 | 131,327 |
1.95%, 03/15/31 (a) | 150,000 | 123,068 |
4.65%, 05/15/33 (a) | 100,000 | 97,091 |
5.00%, 02/14/34 (a) | 150,000 | 147,501 |
6.00%, 05/15/37 | 90,000 | 96,051 |
4.15%, 03/15/47 (a) | 100,000 | 82,739 |
3.13%, 12/01/49 (a) | 150,000 | 102,396 |
5.15%, 05/15/53 (a) | 100,000 | 95,994 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 100,000 | 83,595 |
Fomento Economico Mexicano SAB de CV | ||
3.50%, 01/16/50 (a) | 300,000 | 222,096 |
Franciscan Missionaries of Our Lady Health System, Inc. | ||
3.91%, 07/01/49 (a) | 50,000 | 39,150 |
GE HealthCare Technologies, Inc. | ||
5.60%, 11/15/25 (a) | 200,000 | 200,672 |
5.65%, 11/15/27 (a) | 300,000 | 304,728 |
5.86%, 03/15/30 (a) | 200,000 | 206,788 |
5.91%, 11/22/32 (a) | 300,000 | 311,838 |
6.38%, 11/22/52 (a) | 200,000 | 222,074 |
General Mills, Inc. | ||
4.70%, 01/30/27 (a) | 100,000 | 99,056 |
3.20%, 02/10/27 (a) | 200,000 | 190,158 |
4.20%, 04/17/28 (a) | 375,000 | 363,911 |
5.50%, 10/17/28 (a) | 100,000 | 101,674 |
2.88%, 04/15/30 (a) | 150,000 | 132,587 |
2.25%, 10/14/31 (a) | 150,000 | 123,018 |
4.95%, 03/29/33 (a) | 200,000 | 196,496 |
5.40%, 06/15/40 | 75,000 | 73,925 |
3.00%, 02/01/51 (a) | 150,000 | 96,773 |
Gilead Sciences, Inc. | ||
3.65%, 03/01/26 (a) | 500,000 | 485,705 |
2.95%, 03/01/27 (a) | 200,000 | 188,966 |
1.20%, 10/01/27 (a) | 150,000 | 132,008 |
1.65%, 10/01/30 (a) | 200,000 | 163,306 |
5.25%, 10/15/33 (a) | 100,000 | 101,208 |
4.60%, 09/01/35 (a) | 200,000 | 189,564 |
4.00%, 09/01/36 (a) | 100,000 | 88,607 |
2.60%, 10/01/40 (a) | 200,000 | 139,804 |
5.65%, 12/01/41 (a) | 224,000 | 228,117 |
4.80%, 04/01/44 (a) | 300,000 | 275,715 |
4.50%, 02/01/45 (a) | 350,000 | 308,357 |
4.75%, 03/01/46 (a) | 370,000 | 336,300 |
4.15%, 03/01/47 (a) | 300,000 | 248,061 |
2.80%, 10/01/50 (a) | 250,000 | 161,450 |
5.55%, 10/15/53 (a) | 100,000 | 102,122 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 200,000 | 187,810 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 150,000 | 147,411 |
3.88%, 05/15/28 | 400,000 | 387,044 |
6.38%, 05/15/38 | 463,000 | 519,380 |
4.20%, 03/18/43 | 100,000 | 87,971 |
Hackensack Meridian Health, Inc. | ||
2.68%, 09/01/41 (a) | 200,000 | 143,022 |
2.88%, 09/01/50 (a) | 100,000 | 66,701 |
4.50%, 07/01/57 (a) | 50,000 | 43,353 |
Haleon U.S. Capital LLC | ||
3.38%, 03/24/27 (a) | 400,000 | 380,356 |
3.38%, 03/24/29 (a) | 250,000 | 231,055 |
3.63%, 03/24/32 (a) | 400,000 | 358,504 |
4.00%, 03/24/52 (a) | 250,000 | 200,035 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 75,000 | 52,896 |
Hasbro, Inc. | ||
3.55%, 11/19/26 (a) | 150,000 | 142,370 |
3.50%, 09/15/27 (a) | 100,000 | 93,906 |
3.90%, 11/19/29 (a) | 100,000 | 91,815 |
6.35%, 03/15/40 | 50,000 | 50,830 |
5.10%, 05/15/44 (a) | 50,000 | 42,103 |
HCA, Inc. | ||
5.25%, 04/15/25 | 300,000 | 298,698 |
5.88%, 02/15/26 (a) | 250,000 | 251,142 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.25%, 06/15/26 (a) | 250,000 | 248,547 |
5.38%, 09/01/26 (a) | 200,000 | 199,448 |
4.50%, 02/15/27 (a) | 200,000 | 195,906 |
3.13%, 03/15/27 (a) | 200,000 | 188,002 |
5.20%, 06/01/28 (a) | 200,000 | 199,250 |
5.63%, 09/01/28 (a) | 250,000 | 252,030 |
5.88%, 02/01/29 (a) | 200,000 | 203,654 |
3.38%, 03/15/29 (a) | 100,000 | 91,257 |
4.13%, 06/15/29 (a) | 350,000 | 329,493 |
3.50%, 09/01/30 (a) | 500,000 | 447,250 |
5.45%, 04/01/31 (a) | 200,000 | 199,104 |
2.38%, 07/15/31 (a) | 200,000 | 162,726 |
3.63%, 03/15/32 (a) | 200,000 | 174,902 |
5.50%, 06/01/33 (a) | 250,000 | 248,650 |
5.60%, 04/01/34 (a) | 250,000 | 249,010 |
5.13%, 06/15/39 (a) | 150,000 | 139,670 |
4.38%, 03/15/42 (a) | 100,000 | 83,054 |
5.50%, 06/15/47 (a) | 200,000 | 186,958 |
5.25%, 06/15/49 (a) | 350,000 | 314,559 |
3.50%, 07/15/51 (a) | 225,000 | 152,316 |
4.63%, 03/15/52 (a) | 350,000 | 286,888 |
5.90%, 06/01/53 (a) | 200,000 | 196,652 |
6.00%, 04/01/54 (a) | 275,000 | 273,138 |
6.10%, 04/01/64 (a) | 150,000 | 148,468 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 150,000 | 142,584 |
2.45%, 11/15/29 (a) | 100,000 | 88,731 |
4.50%, 05/04/33 (a) | 150,000 | 146,953 |
3.13%, 11/15/49 (a) | 100,000 | 71,916 |
2.65%, 06/01/50 (a) | 100,000 | 64,800 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 150,000 | 132,504 |
1.80%, 06/11/30 (a) | 150,000 | 124,607 |
3.05%, 06/03/51 (a) | 150,000 | 100,902 |
IHC Health Services, Inc. | ||
4.13%, 05/15/48 (a) | 150,000 | 129,042 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 100,819 |
2.55%, 03/23/31 (a) | 150,000 | 123,224 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 55,000 | 45,924 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 150,000 | 132,045 |
3.90%, 06/01/50 (a) | 100,000 | 73,647 |
Integris Baptist Medical Center, Inc. | ||
3.88%, 08/15/50 (a) | 100,000 | 77,119 |
IQVIA, Inc. | ||
5.70%, 05/15/28 (a) | 200,000 | 201,702 |
6.25%, 02/01/29 (a) | 200,000 | 205,980 |
J M Smucker Co. | ||
3.50%, 03/15/25 | 237,000 | 232,305 |
5.90%, 11/15/28 (a) | 200,000 | 206,020 |
2.38%, 03/15/30 (a) | 100,000 | 85,844 |
2.13%, 03/15/32 (a) | 250,000 | 200,352 |
4.25%, 03/15/35 | 100,000 | 89,720 |
6.50%, 11/15/43 (a) | 200,000 | 214,166 |
4.38%, 03/15/45 | 100,000 | 83,749 |
3.55%, 03/15/50 (a) | 100,000 | 70,225 |
6.50%, 11/15/53 (a) | 150,000 | 163,513 |
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL | ||
6.75%, 03/15/34 (a)(d) | 200,000 | 206,258 |
7.25%, 11/15/53 (a)(d) | 200,000 | 210,226 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
2.50%, 01/15/27 (a) | 150,000 | 137,828 |
5.13%, 02/01/28 (a) | 200,000 | 195,988 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 02/02/29 (a) | 100,000 | 87,696 |
5.50%, 01/15/30 (a) | 250,000 | 243,787 |
3.63%, 01/15/32 (a) | 200,000 | 168,320 |
3.00%, 05/15/32 (a) | 250,000 | 200,500 |
5.75%, 04/01/33 (a) | 300,000 | 291,459 |
4.38%, 02/02/52 (a) | 150,000 | 107,957 |
6.50%, 12/01/52 (a) | 300,000 | 290,004 |
Johns Hopkins Health System Corp. | ||
3.84%, 05/15/46 | 150,000 | 123,630 |
Johnson & Johnson | ||
0.55%, 09/01/25 (a) | 150,000 | 140,727 |
2.45%, 03/01/26 (a) | 300,000 | 287,118 |
2.95%, 03/03/27 (a) | 200,000 | 191,252 |
0.95%, 09/01/27 (a) | 400,000 | 353,836 |
2.90%, 01/15/28 (a) | 200,000 | 189,238 |
1.30%, 09/01/30 (a) | 400,000 | 327,736 |
4.38%, 12/05/33 (a) | 150,000 | 148,230 |
3.55%, 03/01/36 (a) | 200,000 | 176,968 |
3.63%, 03/03/37 (a) | 200,000 | 176,864 |
5.95%, 08/15/37 | 200,000 | 220,712 |
3.40%, 01/15/38 (a) | 150,000 | 127,358 |
5.85%, 07/15/38 | 100,000 | 109,972 |
2.10%, 09/01/40 (a) | 250,000 | 169,980 |
4.50%, 09/01/40 | 150,000 | 142,656 |
3.70%, 03/01/46 (a) | 330,000 | 270,758 |
3.75%, 03/03/47 (a) | 200,000 | 164,648 |
3.50%, 01/15/48 (a) | 150,000 | 118,437 |
2.25%, 09/01/50 (a) | 200,000 | 123,816 |
2.45%, 09/01/60 (a) | 250,000 | 147,547 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 100,000 | 95,100 |
2.81%, 06/01/41 (a) | 250,000 | 183,195 |
4.88%, 04/01/42 | 150,000 | 142,911 |
4.15%, 05/01/47 (a) | 250,000 | 216,052 |
3.27%, 11/01/49 (a) | 150,000 | 110,198 |
3.00%, 06/01/51 (a) | 250,000 | 172,035 |
Kellanova | ||
3.25%, 04/01/26 | 150,000 | 144,216 |
3.40%, 11/15/27 (a) | 100,000 | 94,203 |
4.30%, 05/15/28 (a) | 100,000 | 97,220 |
2.10%, 06/01/30 (a) | 150,000 | 126,332 |
7.45%, 04/01/31 | 100,000 | 111,991 |
4.50%, 04/01/46 | 100,000 | 86,146 |
Kenvue, Inc. | ||
5.35%, 03/22/26 (a) | 250,000 | 251,717 |
5.05%, 03/22/28 (a) | 150,000 | 150,981 |
5.00%, 03/22/30 (a) | 150,000 | 150,370 |
4.90%, 03/22/33 (a) | 300,000 | 296,799 |
5.10%, 03/22/43 (a) | 150,000 | 146,301 |
5.05%, 03/22/53 (a) | 150,000 | 144,590 |
5.20%, 03/22/63 (a) | 200,000 | 193,866 |
Keurig Dr Pepper, Inc. | ||
4.42%, 05/25/25 (a) | 150,000 | 148,393 |
2.55%, 09/15/26 (a) | 100,000 | 93,838 |
4.60%, 05/25/28 (a) | 250,000 | 246,517 |
3.95%, 04/15/29 (a) | 175,000 | 166,663 |
3.20%, 05/01/30 (a) | 200,000 | 180,558 |
2.25%, 03/15/31 (a) | 100,000 | 83,114 |
4.05%, 04/15/32 (a) | 200,000 | 185,740 |
4.50%, 11/15/45 (a) | 150,000 | 129,488 |
4.42%, 12/15/46 (a) | 50,000 | 42,298 |
3.80%, 05/01/50 (a) | 150,000 | 114,228 |
4.50%, 04/15/52 (a) | 200,000 | 170,032 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 150,000 | 144,419 |
1.05%, 09/15/27 (a) | 50,000 | 43,999 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 11/01/28 (a) | 100,000 | 97,079 |
3.20%, 04/25/29 (a) | 100,000 | 92,870 |
3.10%, 03/26/30 (a) | 250,000 | 227,717 |
2.00%, 11/02/31 (a) | 150,000 | 123,461 |
4.50%, 02/16/33 (a) | 100,000 | 97,884 |
3.20%, 07/30/46 (a) | 100,000 | 73,412 |
3.90%, 05/04/47 (a) | 100,000 | 81,125 |
2.88%, 02/07/50 (a) | 100,000 | 68,458 |
Koninklijke Ahold Delhaize NV | ||
5.70%, 10/01/40 | 38,000 | 37,801 |
Koninklijke Philips NV | ||
6.88%, 03/11/38 | 150,000 | 161,301 |
5.00%, 03/15/42 | 95,000 | 85,999 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 450,000 | 429,475 |
3.88%, 05/15/27 (a) | 250,000 | 241,422 |
3.75%, 04/01/30 (a) | 50,000 | 46,663 |
4.25%, 03/01/31 (a) | 200,000 | 190,090 |
6.88%, 01/26/39 | 150,000 | 168,310 |
6.50%, 02/09/40 | 125,000 | 134,998 |
5.00%, 06/04/42 | 200,000 | 184,782 |
5.20%, 07/15/45 (a) | 250,000 | 233,570 |
4.38%, 06/01/46 (a) | 500,000 | 415,235 |
4.88%, 10/01/49 (a) | 250,000 | 223,327 |
5.50%, 06/01/50 (a) | 200,000 | 194,774 |
Kroger Co. | ||
3.50%, 02/01/26 (a) | 200,000 | 193,898 |
2.65%, 10/15/26 (a) | 150,000 | 140,993 |
3.70%, 08/01/27 (a) | 100,000 | 95,997 |
4.50%, 01/15/29 (a) | 200,000 | 195,602 |
1.70%, 01/15/31 (a) | 100,000 | 79,770 |
6.90%, 04/15/38 | 50,000 | 55,966 |
5.40%, 07/15/40 (a) | 100,000 | 96,916 |
5.00%, 04/15/42 (a) | 100,000 | 93,571 |
3.88%, 10/15/46 (a) | 100,000 | 76,164 |
4.45%, 02/01/47 (a) | 200,000 | 169,212 |
4.65%, 01/15/48 (a) | 50,000 | 43,649 |
5.40%, 01/15/49 (a) | 100,000 | 97,705 |
3.95%, 01/15/50 (a) | 150,000 | 117,938 |
Laboratory Corp. of America Holdings | ||
3.60%, 09/01/27 (a) | 150,000 | 142,616 |
2.95%, 12/01/29 (a) | 100,000 | 89,118 |
2.70%, 06/01/31 (a) | 150,000 | 128,225 |
4.70%, 02/01/45 (a) | 150,000 | 134,096 |
Mass General Brigham, Inc. | ||
3.77%, 07/01/48 (a) | 100,000 | 79,786 |
4.12%, 07/01/55 | 100,000 | 83,744 |
3.34%, 07/01/60 (a) | 100,000 | 69,098 |
Mattel, Inc. | ||
5.45%, 11/01/41 (a) | 75,000 | 68,170 |
Mayo Clinic | ||
4.00%, 11/15/47 | 100,000 | 84,775 |
3.20%, 11/15/61 (a) | 150,000 | 102,866 |
McCormick & Co., Inc. | ||
0.90%, 02/15/26 (a) | 200,000 | 184,018 |
3.40%, 08/15/27 (a) | 150,000 | 142,017 |
1.85%, 02/15/31 (a) | 100,000 | 80,476 |
4.20%, 08/15/47 (a) | 50,000 | 41,579 |
McKesson Corp. | ||
0.90%, 12/03/25 (a) | 200,000 | 185,738 |
1.30%, 08/15/26 (a) | 200,000 | 182,574 |
3.95%, 02/16/28 (a) | 100,000 | 97,119 |
5.10%, 07/15/33 (a) | 150,000 | 149,518 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
McLaren Health Care Corp. | ||
Series A 4.39%, 05/15/48 (a) | 100,000 | 87,245 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 150,000 | 147,223 |
5.90%, 11/01/39 | 150,000 | 157,263 |
Medtronic Global Holdings SCA | ||
4.25%, 03/30/28 (a) | 200,000 | 195,746 |
4.50%, 03/30/33 (a) | 150,000 | 144,491 |
Medtronic, Inc. | ||
4.38%, 03/15/35 | 400,000 | 377,520 |
4.63%, 03/15/45 | 325,000 | 301,340 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 100,000 | 97,605 |
4.20%, 07/01/55 | 190,000 | 161,793 |
Merck & Co., Inc. | ||
0.75%, 02/24/26 (a) | 250,000 | 231,247 |
1.70%, 06/10/27 (a) | 300,000 | 271,785 |
1.90%, 12/10/28 (a) | 200,000 | 176,624 |
3.40%, 03/07/29 (a) | 350,000 | 328,863 |
4.30%, 05/17/30 (a) | 150,000 | 146,068 |
1.45%, 06/24/30 (a) | 250,000 | 204,440 |
2.15%, 12/10/31 (a) | 200,000 | 166,064 |
4.50%, 05/17/33 (a) | 250,000 | 243,307 |
6.50%, 12/01/33 (f)(g) | 100,000 | 112,833 |
6.55%, 09/15/37 | 100,000 | 112,391 |
3.90%, 03/07/39 (a) | 200,000 | 174,884 |
2.35%, 06/24/40 (a) | 100,000 | 69,337 |
3.60%, 09/15/42 (a) | 100,000 | 81,074 |
4.15%, 05/18/43 | 200,000 | 174,728 |
4.90%, 05/17/44 (a) | 150,000 | 144,282 |
3.70%, 02/10/45 (a) | 400,000 | 323,676 |
4.00%, 03/07/49 (a) | 300,000 | 250,461 |
2.45%, 06/24/50 (a) | 250,000 | 153,962 |
2.75%, 12/10/51 (a) | 400,000 | 259,688 |
5.00%, 05/17/53 (a) | 250,000 | 242,740 |
2.90%, 12/10/61 (a) | 250,000 | 155,277 |
5.15%, 05/17/63 (a) | 150,000 | 146,838 |
Methodist Hospital | ||
2.71%, 12/01/50 (a) | 150,000 | 97,091 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 350,000 | 333,434 |
5.00%, 05/01/42 | 200,000 | 186,392 |
4.20%, 07/15/46 (a) | 330,000 | 269,481 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 175,000 | 167,335 |
2.63%, 03/17/27 (a) | 150,000 | 139,910 |
4.75%, 02/20/29 (a) | 100,000 | 98,893 |
2.75%, 04/13/30 (a) | 150,000 | 132,576 |
1.50%, 02/04/31 (a) | 75,000 | 59,676 |
3.00%, 03/17/32 (a) | 150,000 | 129,347 |
1.88%, 10/15/32 (a) | 150,000 | 118,166 |
2.63%, 09/04/50 (a) | 150,000 | 93,966 |
Montefiore Obligated Group | ||
4.29%, 09/01/50 | 100,000 | 62,040 |
Mount Sinai Hospital | ||
3.74%, 07/01/49 (a) | 100,000 | 74,993 |
3.39%, 07/01/50 (a) | 150,000 | 101,054 |
MultiCare Health System | ||
2.80%, 08/15/50 (a) | 100,000 | 58,876 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 150,000 | 144,705 |
5.40%, 11/29/43 (a) | 100,000 | 86,530 |
5.20%, 04/15/48 (a) | 100,000 | 82,072 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
New York & Presbyterian Hospital | ||
2.26%, 08/01/40 (a) | 100,000 | 67,880 |
4.02%, 08/01/45 | 150,000 | 127,311 |
2.61%, 08/01/60 (a) | 100,000 | 57,284 |
3.95%, 08/01/19 (a) | 100,000 | 73,023 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 45,000 | 35,713 |
4.26%, 11/01/47 (a) | 150,000 | 121,923 |
3.81%, 11/01/49 (a) | 100,000 | 74,835 |
Novant Health, Inc. | ||
2.64%, 11/01/36 (a) | 100,000 | 75,272 |
3.17%, 11/01/51 (a) | 100,000 | 68,391 |
Novartis Capital Corp. | ||
3.00%, 11/20/25 (a) | 250,000 | 242,285 |
2.00%, 02/14/27 (a) | 200,000 | 185,406 |
3.10%, 05/17/27 (a) | 200,000 | 190,374 |
2.20%, 08/14/30 (a) | 250,000 | 214,912 |
3.70%, 09/21/42 | 100,000 | 83,001 |
4.40%, 05/06/44 | 350,000 | 318,948 |
4.00%, 11/20/45 (a) | 225,000 | 191,486 |
2.75%, 08/14/50 (a) | 200,000 | 133,478 |
NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | ||
Series 2020 2.67%, 10/01/50 (a) | 50,000 | 31,306 |
NYU Langone Hospitals | ||
4.78%, 07/01/44 | 100,000 | 93,879 |
4.37%, 07/01/47 (a) | 100,000 | 88,584 |
3.38%, 07/01/55 (a) | 150,000 | 108,144 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 150,000 | 124,404 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 50,000 | 41,889 |
3.33%, 10/01/50 (a) | 100,000 | 73,257 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 50,000 | 46,502 |
4.79%, 11/15/48 (a) | 75,000 | 66,288 |
3.22%, 11/15/50 (a) | 100,000 | 66,830 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 300,000 | 291,390 |
2.75%, 04/30/25 (a) | 150,000 | 146,116 |
3.50%, 07/17/25 (a) | 150,000 | 146,992 |
2.85%, 02/24/26 (a) | 100,000 | 96,186 |
2.38%, 10/06/26 (a) | 250,000 | 235,610 |
5.13%, 11/10/26 (a) | 150,000 | 151,033 |
2.63%, 03/19/27 (a) | 150,000 | 141,084 |
3.00%, 10/15/27 (a) | 250,000 | 235,742 |
3.60%, 02/18/28 (a) | 150,000 | 144,335 |
4.45%, 05/15/28 (a) | 150,000 | 149,829 |
7.00%, 03/01/29 | 150,000 | 165,519 |
2.63%, 07/29/29 (a) | 250,000 | 225,390 |
2.75%, 03/19/30 (a) | 350,000 | 312,504 |
1.63%, 05/01/30 (a) | 200,000 | 166,430 |
1.40%, 02/25/31 (a) | 200,000 | 160,074 |
1.95%, 10/21/31 (a) | 250,000 | 204,935 |
3.90%, 07/18/32 (a) | 200,000 | 187,828 |
4.45%, 02/15/33 (a) | 150,000 | 148,488 |
5.50%, 01/15/40 | 150,000 | 156,883 |
3.50%, 03/19/40 (a) | 50,000 | 41,150 |
2.63%, 10/21/41 (a) | 150,000 | 107,645 |
3.60%, 08/13/42 | 75,000 | 60,452 |
4.45%, 04/14/46 (a) | 200,000 | 181,204 |
3.45%, 10/06/46 (a) | 150,000 | 116,255 |
4.00%, 05/02/47 (a) | 100,000 | 84,475 |
3.38%, 07/29/49 (a) | 150,000 | 112,989 |
2.88%, 10/15/49 (a) | 150,000 | 103,394 |
3.63%, 03/19/50 (a) | 200,000 | 157,894 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.75%, 10/21/51 (a) | 150,000 | 98,813 |
4.20%, 07/18/52 (a) | 100,000 | 86,765 |
4.65%, 02/15/53 (a) | 100,000 | 93,170 |
3.88%, 03/19/60 (a) | 100,000 | 80,012 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.65%, 05/19/25 | 500,000 | 497,045 |
4.45%, 05/19/26 (a) | 500,000 | 493,665 |
4.45%, 05/19/28 (a) | 700,000 | 686,875 |
4.65%, 05/19/30 (a) | 500,000 | 492,255 |
4.75%, 05/19/33 (a) | 850,000 | 828,792 |
5.11%, 05/19/43 (a) | 500,000 | 481,455 |
5.30%, 05/19/53 (a) | 1,050,000 | 1,029,199 |
5.34%, 05/19/63 (a) | 700,000 | 674,926 |
Pfizer, Inc. | ||
0.80%, 05/28/25 (a) | 150,000 | 142,404 |
2.75%, 06/03/26 | 300,000 | 287,085 |
3.00%, 12/15/26 | 350,000 | 333,865 |
3.60%, 09/15/28 (a) | 200,000 | 191,184 |
3.45%, 03/15/29 (a) | 300,000 | 282,246 |
2.63%, 04/01/30 (a) | 200,000 | 176,980 |
1.70%, 05/28/30 (a) | 200,000 | 166,754 |
1.75%, 08/18/31 (a) | 275,000 | 221,886 |
4.00%, 12/15/36 | 150,000 | 134,979 |
4.10%, 09/15/38 (a) | 150,000 | 133,461 |
3.90%, 03/15/39 (a) | 50,000 | 42,704 |
7.20%, 03/15/39 | 460,000 | 547,060 |
2.55%, 05/28/40 (a) | 200,000 | 140,450 |
5.60%, 09/15/40 | 50,000 | 51,366 |
4.30%, 06/15/43 | 100,000 | 87,757 |
4.40%, 05/15/44 | 180,000 | 162,023 |
4.13%, 12/15/46 | 200,000 | 167,916 |
4.20%, 09/15/48 (a) | 200,000 | 170,146 |
4.00%, 03/15/49 (a) | 250,000 | 206,685 |
2.70%, 05/28/50 (a) | 200,000 | 131,942 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 150,000 | 160,674 |
Philip Morris International, Inc. | ||
1.50%, 05/01/25 (a) | 175,000 | 167,713 |
3.38%, 08/11/25 (a) | 130,000 | 126,789 |
5.00%, 11/17/25 | 200,000 | 199,368 |
4.88%, 02/13/26 | 200,000 | 199,054 |
0.88%, 05/01/26 (a) | 150,000 | 137,106 |
4.75%, 02/12/27 | 200,000 | 197,528 |
5.13%, 11/17/27 (a) | 300,000 | 300,603 |
4.88%, 02/15/28 (a) | 250,000 | 248,667 |
3.13%, 03/02/28 (a) | 100,000 | 92,982 |
5.25%, 09/07/28 (a) | 150,000 | 151,143 |
4.88%, 02/13/29 (a) | 200,000 | 196,626 |
3.38%, 08/15/29 (a) | 150,000 | 137,796 |
5.63%, 11/17/29 (a) | 250,000 | 256,157 |
5.13%, 02/15/30 (a) | 450,000 | 447,984 |
2.10%, 05/01/30 (a) | 150,000 | 126,561 |
1.75%, 11/01/30 (a) | 150,000 | 121,278 |
5.13%, 02/13/31 (a) | 200,000 | 196,892 |
5.75%, 11/17/32 (a) | 300,000 | 306,003 |
5.38%, 02/15/33 (a) | 400,000 | 398,584 |
5.63%, 09/07/33 (a) | 150,000 | 151,612 |
5.25%, 02/13/34 (a) | 300,000 | 293,238 |
6.38%, 05/16/38 | 250,000 | 270,162 |
4.38%, 11/15/41 | 200,000 | 170,154 |
4.50%, 03/20/42 | 100,000 | 86,516 |
3.88%, 08/21/42 | 100,000 | 78,905 |
4.13%, 03/04/43 | 175,000 | 142,860 |
4.88%, 11/15/43 | 100,000 | 90,018 |
4.25%, 11/10/44 | 200,000 | 165,102 |
Piedmont Healthcare, Inc. | ||
2.72%, 01/01/42 (a) | 200,000 | 141,382 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a) | 200,000 | 178,892 |
3.50%, 03/01/32 (a) | 150,000 | 125,421 |
6.25%, 07/01/33 (a) | 150,000 | 151,921 |
6.88%, 05/15/34 (a) | 100,000 | 105,387 |
Polaris, Inc. | ||
6.95%, 03/15/29 (a) | 100,000 | 105,490 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 125,000 | 116,589 |
2.70%, 02/02/26 | 150,000 | 144,311 |
1.00%, 04/23/26 | 250,000 | 231,362 |
2.45%, 11/03/26 | 241,000 | 227,805 |
1.90%, 02/01/27 | 200,000 | 185,334 |
2.80%, 03/25/27 | 100,000 | 94,701 |
2.85%, 08/11/27 | 150,000 | 141,623 |
3.95%, 01/26/28 | 100,000 | 98,291 |
4.35%, 01/29/29 | 100,000 | 99,179 |
3.00%, 03/25/30 | 300,000 | 274,635 |
1.20%, 10/29/30 | 150,000 | 120,750 |
1.95%, 04/23/31 | 150,000 | 126,321 |
2.30%, 02/01/32 | 200,000 | 170,788 |
4.05%, 01/26/33 | 150,000 | 144,527 |
5.55%, 03/05/37 | 150,000 | 161,101 |
3.55%, 03/25/40 | 100,000 | 85,767 |
3.50%, 10/25/47 | 100,000 | 80,542 |
3.60%, 03/25/50 | 100,000 | 82,191 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 200,000 | 174,278 |
5.40%, 10/01/33 (a) | 100,000 | 99,667 |
3.93%, 10/01/48 (a) | 100,000 | 77,883 |
2.70%, 10/01/51 (a) | 150,000 | 90,140 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 150,000 | 147,286 |
4.20%, 06/30/29 (a) | 100,000 | 96,171 |
2.95%, 06/30/30 (a) | 150,000 | 132,158 |
2.80%, 06/30/31 (a) | 200,000 | 170,854 |
6.40%, 11/30/33 (a) | 125,000 | 133,780 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 250,000 | 202,165 |
2.80%, 09/15/50 (a) | 150,000 | 93,593 |
Revvity, Inc. | ||
1.90%, 09/15/28 (a) | 100,000 | 86,474 |
3.30%, 09/15/29 (a) | 150,000 | 135,104 |
2.55%, 03/15/31 (a) | 100,000 | 83,815 |
2.25%, 09/15/31 (a) | 150,000 | 122,174 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 295,000 | 290,572 |
5.70%, 08/15/35 (a) | 150,000 | 143,391 |
7.25%, 06/15/37 | 150,000 | 159,888 |
6.15%, 09/15/43 | 100,000 | 96,801 |
5.85%, 08/15/45 (a) | 350,000 | 317,789 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 100,000 | 93,662 |
1.75%, 09/02/27 (a) | 200,000 | 177,982 |
2.20%, 09/02/30 (a) | 200,000 | 164,716 |
2.15%, 09/02/31 (a) | 150,000 | 119,862 |
3.30%, 09/02/40 (a) | 200,000 | 146,796 |
3.55%, 09/02/50 (a) | 150,000 | 102,240 |
3.35%, 09/02/51 (a) | 50,000 | 32,597 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 100,000 | 93,990 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 40,000 | 32,761 |
Sanofi SA | ||
3.63%, 06/19/28 (a) | 250,000 | 241,377 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sharp HealthCare | ||
2.68%, 08/01/50 (a) | 50,000 | 31,794 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 485,000 | 462,229 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 250,000 | 205,120 |
Solventum Corp. | ||
5.40%, 03/01/29 (a)(d) | 250,000 | 249,730 |
5.45%, 03/13/31 (a)(d) | 200,000 | 198,502 |
5.60%, 03/23/34 (a)(d) | 275,000 | 274,101 |
5.90%, 04/30/54 (a)(d) | 200,000 | 196,114 |
6.00%, 05/15/64 (a)(d) | 100,000 | 97,230 |
SSM Health Care Corp. | ||
4.89%, 06/01/28 (a) | 100,000 | 99,801 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 100,000 | 90,431 |
3.80%, 11/15/48 (a) | 150,000 | 121,694 |
STERIS Irish FinCo UnLtd Co. | ||
2.70%, 03/15/31 (a) | 150,000 | 127,740 |
3.75%, 03/15/51 (a) | 150,000 | 111,216 |
Stryker Corp. | ||
1.15%, 06/15/25 (a) | 100,000 | 94,880 |
3.38%, 11/01/25 (a) | 150,000 | 145,596 |
3.50%, 03/15/26 (a) | 150,000 | 145,480 |
3.65%, 03/07/28 (a) | 150,000 | 143,120 |
4.85%, 12/08/28 (a) | 150,000 | 149,553 |
1.95%, 06/15/30 (a) | 200,000 | 167,512 |
4.38%, 05/15/44 (a) | 100,000 | 88,265 |
4.63%, 03/15/46 (a) | 150,000 | 136,058 |
2.90%, 06/15/50 (a) | 150,000 | 102,222 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 100,000 | 94,248 |
2.29%, 08/15/30 (a) | 100,000 | 85,091 |
3.16%, 08/15/40 (a) | 100,000 | 76,857 |
4.09%, 08/15/48 (a) | 65,000 | 54,735 |
3.36%, 08/15/50 (a) | 75,000 | 54,995 |
5.55%, 08/15/53 (a) | 100,000 | 104,441 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 100,000 | 97,477 |
3.30%, 07/15/26 (a) | 150,000 | 144,038 |
3.25%, 07/15/27 (a) | 150,000 | 141,464 |
2.40%, 02/15/30 (a) | 100,000 | 86,173 |
5.95%, 04/01/30 (a) | 200,000 | 208,130 |
2.45%, 12/14/31 (a) | 150,000 | 124,385 |
6.00%, 01/17/34 (a) | 100,000 | 105,309 |
6.60%, 04/01/40 (a) | 75,000 | 82,414 |
4.85%, 10/01/45 (a) | 100,000 | 90,691 |
4.50%, 04/01/46 (a) | 150,000 | 128,652 |
4.45%, 03/15/48 (a) | 100,000 | 84,764 |
3.30%, 02/15/50 (a) | 100,000 | 70,910 |
6.60%, 04/01/50 (a) | 150,000 | 169,572 |
3.15%, 12/14/51 (a) | 150,000 | 101,645 |
Takeda Pharmaceutical Co. Ltd. | ||
5.00%, 11/26/28 (a) | 250,000 | 249,490 |
2.05%, 03/31/30 (a) | 500,000 | 420,720 |
3.03%, 07/09/40 (a) | 400,000 | 298,232 |
3.18%, 07/09/50 (a) | 250,000 | 171,907 |
3.38%, 07/09/60 (a) | 200,000 | 133,950 |
Texas Health Resources | ||
2.33%, 11/15/50 (a) | 200,000 | 119,962 |
Thermo Fisher Scientific, Inc. | ||
4.95%, 08/10/26 (a) | 100,000 | 100,118 |
4.80%, 11/21/27 (a) | 200,000 | 200,166 |
1.75%, 10/15/28 (a) | 100,000 | 87,833 |
5.00%, 01/31/29 (a) | 200,000 | 201,234 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.60%, 10/01/29 (a) | 150,000 | 133,832 |
4.98%, 08/10/30 (a) | 150,000 | 150,196 |
2.00%, 10/15/31 (a) | 250,000 | 204,095 |
4.95%, 11/21/32 (a) | 150,000 | 149,329 |
5.09%, 08/10/33 (a) | 200,000 | 201,128 |
2.80%, 10/15/41 (a) | 250,000 | 180,045 |
5.40%, 08/10/43 (a) | 100,000 | 101,048 |
5.30%, 02/01/44 (a) | 45,000 | 45,059 |
4.10%, 08/15/47 (a) | 150,000 | 125,765 |
Trinity Health Corp. | ||
4.13%, 12/01/45 | 100,000 | 85,881 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 200,000 | 195,326 |
3.55%, 06/02/27 (a) | 250,000 | 237,067 |
4.35%, 03/01/29 (a) | 150,000 | 144,426 |
4.88%, 08/15/34 (a) | 50,000 | 47,543 |
5.15%, 08/15/44 (a) | 150,000 | 135,351 |
4.55%, 06/02/47 (a) | 100,000 | 81,045 |
5.10%, 09/28/48 (a) | 200,000 | 176,570 |
Unilever Capital Corp. | ||
3.38%, 03/22/25 (a) | 100,000 | 98,144 |
2.00%, 07/28/26 | 250,000 | 234,245 |
2.90%, 05/05/27 (a) | 250,000 | 236,392 |
3.50%, 03/22/28 (a) | 250,000 | 239,262 |
2.13%, 09/06/29 (a) | 150,000 | 130,790 |
1.38%, 09/14/30 (a) | 100,000 | 80,882 |
1.75%, 08/12/31 (a) | 150,000 | 120,830 |
5.90%, 11/15/32 | 100,000 | 106,587 |
5.00%, 12/08/33 (a) | 150,000 | 150,324 |
2.63%, 08/12/51 (a) | 100,000 | 64,653 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 150,000 | 136,461 |
2.65%, 10/15/30 (a) | 225,000 | 187,996 |
UPMC | ||
5.04%, 05/15/33 (a) | 150,000 | 148,149 |
5.38%, 05/15/43 (a) | 100,000 | 101,098 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 400,000 | 386,160 |
5.25%, 06/15/46 (a) | 200,000 | 164,534 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 150,000 | 142,364 |
2.30%, 06/22/27 (a) | 100,000 | 90,467 |
2.70%, 06/22/30 (a) | 300,000 | 252,567 |
3.85%, 06/22/40 (a) | 250,000 | 183,747 |
4.00%, 06/22/50 (a) | 300,000 | 204,753 |
West Virginia United Health System Obligated Group | ||
3.13%, 06/01/50 (a) | 100,000 | 64,384 |
Whirlpool Corp. | ||
3.70%, 05/01/25 | 100,000 | 97,917 |
4.75%, 02/26/29 (a) | 100,000 | 97,688 |
2.40%, 05/15/31 (a) | 100,000 | 82,169 |
5.75%, 03/01/34 (a) | 100,000 | 99,604 |
4.50%, 06/01/46 (a) | 100,000 | 80,591 |
4.60%, 05/15/50 (a) | 100,000 | 80,794 |
Willis-Knighton Medical Center | ||
3.07%, 03/01/51 (a) | 150,000 | 98,391 |
Wyeth LLC | ||
6.50%, 02/01/34 | 150,000 | 165,207 |
6.00%, 02/15/36 | 100,000 | 107,014 |
5.95%, 04/01/37 | 300,000 | 320,376 |
Yale-New Haven Health Services Corp. | ||
2.50%, 07/01/50 (a) | 100,000 | 59,734 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 350,000 | 342,447 |
3.05%, 01/15/26 (a) | 100,000 | 96,091 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.60%, 11/24/31 (a) | 150,000 | 125,699 |
5.75%, 11/30/39 | 75,000 | 74,830 |
4.45%, 08/15/45 (a) | 75,000 | 66,814 |
Zoetis, Inc. | ||
5.40%, 11/14/25 (a) | 100,000 | 100,181 |
3.00%, 09/12/27 (a) | 100,000 | 93,670 |
3.90%, 08/20/28 (a) | 100,000 | 96,182 |
2.00%, 05/15/30 (a) | 150,000 | 125,873 |
5.60%, 11/16/32 (a) | 150,000 | 155,196 |
4.70%, 02/01/43 (a) | 195,000 | 178,392 |
3.95%, 09/12/47 (a) | 100,000 | 80,697 |
4.45%, 08/20/48 (a) | 100,000 | 87,833 |
3.00%, 05/15/50 (a) | 100,000 | 68,666 |
179,180,430 | ||
Energy 1.7% | ||
Apache Corp. | ||
4.38%, 10/15/28 (a) | 100,000 | 93,879 |
4.25%, 01/15/30 (a) | 100,000 | 91,966 |
6.00%, 01/15/37 | 100,000 | 97,365 |
5.10%, 09/01/40 (a) | 225,000 | 188,397 |
5.25%, 02/01/42 (a) | 100,000 | 83,089 |
4.75%, 04/15/43 (a) | 100,000 | 77,019 |
Baker Hughes Holdings LLC | ||
5.13%, 09/15/40 | 200,000 | 194,366 |
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. | ||
2.06%, 12/15/26 (a) | 100,000 | 92,295 |
3.34%, 12/15/27 (a) | 200,000 | 188,668 |
3.14%, 11/07/29 (a) | 100,000 | 91,308 |
4.49%, 05/01/30 (a) | 150,000 | 145,944 |
4.08%, 12/15/47 (a) | 250,000 | 201,692 |
Boardwalk Pipelines LP | ||
4.80%, 05/03/29 (a) | 100,000 | 97,276 |
3.40%, 02/15/31 (a) | 100,000 | 88,451 |
3.60%, 09/01/32 (a) | 100,000 | 86,939 |
5.63%, 08/01/34 (a) | 100,000 | 99,155 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 100,000 | 98,106 |
3.41%, 02/11/26 (a) | 150,000 | 145,511 |
3.12%, 05/04/26 (a) | 200,000 | 192,270 |
3.02%, 01/16/27 (a) | 100,000 | 95,035 |
3.54%, 04/06/27 (a) | 100,000 | 95,957 |
3.59%, 04/14/27 (a) | 100,000 | 96,163 |
3.94%, 09/21/28 (a) | 150,000 | 144,153 |
4.23%, 11/06/28 (a) | 350,000 | 340,648 |
4.70%, 04/10/29 (a) | 200,000 | 197,858 |
3.63%, 04/06/30 (a) | 300,000 | 279,759 |
1.75%, 08/10/30 (a) | 200,000 | 164,990 |
2.72%, 01/12/32 (a) | 350,000 | 297,017 |
4.81%, 02/13/33 (a) | 400,000 | 390,372 |
4.89%, 09/11/33 (a) | 250,000 | 245,307 |
4.99%, 04/10/34 (a) | 150,000 | 147,665 |
3.06%, 06/17/41 (a) | 300,000 | 223,056 |
3.00%, 02/24/50 (a) | 400,000 | 268,088 |
2.77%, 11/10/50 (a) | 250,000 | 159,430 |
2.94%, 06/04/51 (a) | 400,000 | 263,872 |
3.00%, 03/17/52 (a) | 250,000 | 166,112 |
3.38%, 02/08/61 (a) | 300,000 | 202,185 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 350,000 | 331,453 |
3.72%, 11/28/28 (a) | 150,000 | 142,538 |
Burlington Resources LLC | ||
7.40%, 12/01/31 | 200,000 | 229,050 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Canadian Natural Resources Ltd. | ||
2.05%, 07/15/25 (a) | 100,000 | 95,472 |
3.85%, 06/01/27 (a) | 250,000 | 239,530 |
7.20%, 01/15/32 | 75,000 | 81,721 |
6.45%, 06/30/33 | 195,000 | 205,401 |
6.25%, 03/15/38 | 180,000 | 184,923 |
6.75%, 02/01/39 | 150,000 | 160,251 |
4.95%, 06/01/47 (a) | 100,000 | 87,279 |
Cenovus Energy, Inc. | ||
2.65%, 01/15/32 (a) | 100,000 | 81,856 |
5.25%, 06/15/37 (a) | 76,000 | 71,394 |
6.75%, 11/15/39 | 100,000 | 108,504 |
5.40%, 06/15/47 (a) | 100,000 | 92,063 |
3.75%, 02/15/52 (a) | 150,000 | 107,366 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 50,000 | 50,001 |
5.13%, 06/30/27 (a) | 275,000 | 273,826 |
3.70%, 11/15/29 (a) | 200,000 | 184,746 |
2.74%, 12/31/39 (a) | 100,000 | 78,804 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 250,000 | 234,457 |
4.00%, 03/01/31 (a) | 250,000 | 223,377 |
3.25%, 01/31/32 (a) | 150,000 | 125,442 |
5.95%, 06/30/33 (a)(d) | 300,000 | 301,347 |
Cheniere Energy, Inc. | ||
4.63%, 10/15/28 (a) | 300,000 | 288,252 |
Chevron Corp. | ||
1.55%, 05/11/25 (a) | 450,000 | 431,923 |
2.95%, 05/16/26 (a) | 400,000 | 384,276 |
2.00%, 05/11/27 (a) | 200,000 | 183,982 |
2.24%, 05/11/30 (a) | 250,000 | 216,422 |
3.08%, 05/11/50 (a) | 150,000 | 106,269 |
Chevron USA, Inc. | ||
0.69%, 08/12/25 (a) | 100,000 | 94,086 |
1.02%, 08/12/27 (a) | 150,000 | 132,506 |
3.85%, 01/15/28 (a) | 100,000 | 97,320 |
3.25%, 10/15/29 (a) | 100,000 | 93,125 |
6.00%, 03/01/41 (a) | 50,000 | 54,594 |
5.25%, 11/15/43 (a) | 100,000 | 100,897 |
2.34%, 08/12/50 (a) | 150,000 | 90,224 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 200,000 | 197,132 |
5.80%, 06/01/45 (a) | 100,000 | 96,840 |
ConocoPhillips | ||
5.90%, 10/15/32 | 100,000 | 107,090 |
6.50%, 02/01/39 | 300,000 | 339,498 |
4.88%, 10/01/47 (a) | 100,000 | 93,343 |
ConocoPhillips Co. | ||
2.40%, 03/07/25 (a) | 200,000 | 194,412 |
6.95%, 04/15/29 | 200,000 | 219,326 |
5.05%, 09/15/33 (a) | 150,000 | 149,559 |
3.76%, 03/15/42 (a) | 150,000 | 121,661 |
4.30%, 11/15/44 (a) | 150,000 | 129,066 |
3.80%, 03/15/52 (a) | 200,000 | 153,486 |
5.30%, 05/15/53 (a) | 150,000 | 147,240 |
5.55%, 03/15/54 (a) | 200,000 | 202,484 |
4.03%, 03/15/62 (a) | 307,000 | 238,389 |
5.70%, 09/15/63 (a) | 150,000 | 153,381 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 250,000 | 240,440 |
4.90%, 06/01/44 (a) | 100,000 | 81,171 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 150,000 | 144,260 |
4.38%, 03/15/29 (a) | 100,000 | 96,353 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
DCP Midstream Operating LP | ||
5.38%, 07/15/25 (a) | 200,000 | 199,682 |
5.13%, 05/15/29 (a) | 200,000 | 197,750 |
3.25%, 02/15/32 (a) | 200,000 | 170,628 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 100,000 | 100,525 |
5.25%, 10/15/27 (a) | 130,000 | 129,828 |
5.88%, 06/15/28 (a)(d) | 30,000 | 30,189 |
4.50%, 01/15/30 (a) | 130,000 | 124,088 |
7.88%, 09/30/31 | 100,000 | 114,071 |
7.95%, 04/15/32 | 100,000 | 114,167 |
5.60%, 07/15/41 (a) | 250,000 | 236,187 |
4.75%, 05/15/42 (a) | 100,000 | 84,726 |
5.00%, 06/15/45 (a) | 100,000 | 86,439 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 200,000 | 191,240 |
3.50%, 12/01/29 (a) | 150,000 | 137,859 |
3.13%, 03/24/31 (a) | 150,000 | 131,537 |
6.25%, 03/15/33 (a) | 200,000 | 210,258 |
4.40%, 03/24/51 (a) | 100,000 | 80,831 |
4.25%, 03/15/52 (a) | 150,000 | 119,127 |
6.25%, 03/15/53 (a) | 100,000 | 105,875 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 200,000 | 178,140 |
4.80%, 11/01/43 (a)(d) | 100,000 | 88,399 |
Enbridge Energy Partners LP | ||
7.50%, 04/15/38 | 100,000 | 115,865 |
5.50%, 09/15/40 (a) | 80,000 | 77,702 |
7.38%, 10/15/45 (a) | 100,000 | 115,822 |
Enbridge, Inc. | ||
5.97%, 03/08/26 (a) | 150,000 | 149,977 |
1.60%, 10/04/26 (a) | 100,000 | 91,453 |
5.90%, 11/15/26 (a) | 150,000 | 152,872 |
3.70%, 07/15/27 (a) | 150,000 | 143,316 |
6.00%, 11/15/28 (a) | 150,000 | 155,376 |
3.13%, 11/15/29 (a) | 250,000 | 225,965 |
6.20%, 11/15/30 (a) | 150,000 | 157,374 |
5.70%, 03/08/33 (a) | 400,000 | 405,000 |
2.50%, 08/01/33 (a) | 200,000 | 158,156 |
4.50%, 06/10/44 (a) | 100,000 | 83,794 |
5.50%, 12/01/46 (a) | 100,000 | 96,745 |
4.00%, 11/15/49 (a) | 100,000 | 77,614 |
3.40%, 08/01/51 (a) | 150,000 | 104,807 |
6.70%, 11/15/53 (a) | 250,000 | 279,195 |
Energy Transfer LP | ||
4.05%, 03/15/25 (a) | 150,000 | 147,657 |
5.75%, 04/01/25 (a) | 100,000 | 99,849 |
2.90%, 05/15/25 (a) | 150,000 | 145,248 |
4.75%, 01/15/26 (a) | 150,000 | 148,329 |
3.90%, 07/15/26 (a) | 100,000 | 96,755 |
6.05%, 12/01/26 (a) | 250,000 | 254,702 |
4.40%, 03/15/27 (a) | 150,000 | 146,162 |
4.20%, 04/15/27 (a) | 100,000 | 96,994 |
5.50%, 06/01/27 (a) | 150,000 | 150,610 |
4.00%, 10/01/27 (a) | 200,000 | 191,378 |
5.55%, 02/15/28 (a) | 150,000 | 151,305 |
4.95%, 05/15/28 (a) | 150,000 | 148,094 |
4.95%, 06/15/28 (a) | 150,000 | 147,783 |
6.10%, 12/01/28 (a) | 150,000 | 155,250 |
5.25%, 04/15/29 (a) | 300,000 | 298,989 |
4.15%, 09/15/29 (a) | 100,000 | 94,373 |
3.75%, 05/15/30 (a) | 300,000 | 273,879 |
6.40%, 12/01/30 (a) | 200,000 | 209,868 |
5.75%, 02/15/33 (a) | 250,000 | 251,632 |
6.55%, 12/01/33 (a) | 250,000 | 265,105 |
5.55%, 05/15/34 (a) | 200,000 | 198,108 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.90%, 03/15/35 (a) | 80,000 | 74,710 |
6.63%, 10/15/36 | 100,000 | 105,459 |
5.80%, 06/15/38 (a) | 150,000 | 148,386 |
7.50%, 07/01/38 | 50,000 | 56,898 |
6.05%, 06/01/41 (a) | 100,000 | 99,290 |
6.50%, 02/01/42 (a) | 150,000 | 157,062 |
6.10%, 02/15/42 | 100,000 | 99,702 |
5.15%, 02/01/43 (a) | 100,000 | 88,249 |
5.95%, 10/01/43 (a) | 100,000 | 97,782 |
5.30%, 04/01/44 (a) | 100,000 | 90,713 |
5.00%, 05/15/44 (a) | 75,000 | 65,152 |
5.15%, 03/15/45 (a) | 200,000 | 178,662 |
5.35%, 05/15/45 (a) | 100,000 | 90,577 |
6.13%, 12/15/45 (a) | 165,000 | 164,152 |
5.30%, 04/15/47 (a) | 200,000 | 179,224 |
5.40%, 10/01/47 (a) | 300,000 | 272,199 |
6.00%, 06/15/48 (a) | 150,000 | 147,035 |
6.25%, 04/15/49 (a) | 300,000 | 303,255 |
5.00%, 05/15/50 (a) | 350,000 | 302,872 |
5.95%, 05/15/54 (a) | 250,000 | 244,555 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 100,000 | 106,244 |
Enterprise Products Operating LLC | ||
5.05%, 01/10/26 | 150,000 | 149,979 |
3.70%, 02/15/26 (a) | 100,000 | 97,549 |
3.95%, 02/15/27 (a) | 150,000 | 146,103 |
4.15%, 10/16/28 (a) | 150,000 | 144,921 |
3.13%, 07/31/29 (a) | 200,000 | 183,116 |
2.80%, 01/31/30 (a) | 250,000 | 222,070 |
5.35%, 01/31/33 (a) | 200,000 | 202,366 |
6.88%, 03/01/33 | 150,000 | 167,097 |
4.85%, 01/31/34 (a) | 150,000 | 146,160 |
7.55%, 04/15/38 | 100,000 | 119,082 |
6.13%, 10/15/39 | 150,000 | 157,446 |
6.45%, 09/01/40 | 100,000 | 109,611 |
5.95%, 02/01/41 | 100,000 | 104,665 |
5.70%, 02/15/42 | 100,000 | 101,026 |
4.85%, 08/15/42 (a) | 100,000 | 91,617 |
4.45%, 02/15/43 (a) | 200,000 | 174,208 |
4.85%, 03/15/44 (a) | 225,000 | 206,226 |
5.10%, 02/15/45 (a) | 200,000 | 187,570 |
4.90%, 05/15/46 (a) | 200,000 | 182,806 |
4.25%, 02/15/48 (a) | 250,000 | 209,302 |
4.80%, 02/01/49 (a) | 250,000 | 226,755 |
4.20%, 01/31/50 (a) | 250,000 | 206,787 |
3.70%, 01/31/51 (a) | 200,000 | 151,188 |
3.20%, 02/15/52 (a) | 200,000 | 136,748 |
3.30%, 02/15/53 (a) | 150,000 | 104,742 |
4.95%, 10/15/54 (a) | 50,000 | 45,775 |
3.95%, 01/31/60 (a) | 150,000 | 113,640 |
5.25%, 08/16/77 (a)(b) | 100,000 | 95,197 |
5.38%, 02/15/78 (a)(b) | 100,000 | 92,834 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 100,000 | 97,782 |
4.15%, 01/15/26 (a) | 100,000 | 98,513 |
4.38%, 04/15/30 (a) | 100,000 | 97,049 |
3.90%, 04/01/35 (a) | 74,000 | 66,448 |
4.95%, 04/15/50 (a) | 150,000 | 140,079 |
EQT Corp. | ||
3.90%, 10/01/27 (a) | 250,000 | 237,027 |
5.00%, 01/15/29 (a) | 100,000 | 97,694 |
7.50%, 02/01/30 (a)(f) | 50,000 | 52,989 |
5.75%, 02/01/34 (a) | 100,000 | 98,427 |
Exxon Mobil Corp. | ||
2.71%, 03/06/25 (a) | 300,000 | 292,953 |
2.99%, 03/19/25 (a) | 500,000 | 488,960 |
3.04%, 03/01/26 (a) | 500,000 | 483,000 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.28%, 08/16/26 (a) | 150,000 | 141,824 |
3.29%, 03/19/27 (a) | 150,000 | 144,516 |
2.44%, 08/16/29 (a) | 200,000 | 178,804 |
3.48%, 03/19/30 (a) | 400,000 | 373,420 |
2.61%, 10/15/30 (a) | 350,000 | 307,149 |
3.00%, 08/16/39 (a) | 150,000 | 115,548 |
4.23%, 03/19/40 (a) | 350,000 | 313,964 |
3.57%, 03/06/45 (a) | 230,000 | 179,531 |
4.11%, 03/01/46 (a) | 400,000 | 339,336 |
3.10%, 08/16/49 (a) | 300,000 | 209,985 |
4.33%, 03/19/50 (a) | 400,000 | 348,728 |
3.45%, 04/15/51 (a) | 450,000 | 334,125 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 100,000 | 97,749 |
2.92%, 03/01/30 (a) | 200,000 | 177,766 |
4.85%, 11/15/35 (a) | 150,000 | 144,698 |
6.70%, 09/15/38 | 100,000 | 112,091 |
7.45%, 09/15/39 | 200,000 | 240,606 |
4.50%, 11/15/41 (a) | 150,000 | 132,633 |
4.75%, 08/01/43 (a) | 100,000 | 90,586 |
5.00%, 11/15/45 (a) | 330,000 | 307,270 |
Helmerich & Payne, Inc. | ||
2.90%, 09/29/31 (a) | 100,000 | 83,056 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 250,000 | 243,685 |
7.88%, 10/01/29 | 100,000 | 112,212 |
7.30%, 08/15/31 | 100,000 | 112,465 |
7.13%, 03/15/33 | 200,000 | 224,478 |
6.00%, 01/15/40 | 100,000 | 104,973 |
5.60%, 02/15/41 | 200,000 | 201,668 |
5.80%, 04/01/47 (a) | 50,000 | 50,809 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a) | 150,000 | 150,643 |
5.00%, 02/01/28 (a)(d) | 100,000 | 96,308 |
4.50%, 10/01/30 (a) | 100,000 | 93,683 |
Kinder Morgan Energy Partners LP | ||
7.30%, 08/15/33 | 200,000 | 222,338 |
5.80%, 03/15/35 | 150,000 | 150,819 |
6.95%, 01/15/38 | 180,000 | 194,459 |
6.55%, 09/15/40 | 150,000 | 156,063 |
7.50%, 11/15/40 | 100,000 | 111,931 |
6.38%, 03/01/41 | 100,000 | 101,836 |
5.63%, 09/01/41 | 50,000 | 47,186 |
5.00%, 08/15/42 (a) | 100,000 | 87,277 |
4.70%, 11/01/42 (a) | 45,000 | 37,910 |
5.00%, 03/01/43 (a) | 100,000 | 87,494 |
5.50%, 03/01/44 (a) | 200,000 | 185,292 |
5.40%, 09/01/44 (a) | 95,000 | 86,899 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 245,000 | 241,494 |
1.75%, 11/15/26 (a) | 100,000 | 91,358 |
4.30%, 03/01/28 (a) | 200,000 | 194,008 |
5.00%, 02/01/29 (a) | 200,000 | 198,458 |
2.00%, 02/15/31 (a) | 250,000 | 203,020 |
7.75%, 01/15/32 | 150,000 | 169,014 |
4.80%, 02/01/33 (a) | 200,000 | 188,768 |
5.20%, 06/01/33 (a) | 250,000 | 243,362 |
5.30%, 12/01/34 (a) | 250,000 | 243,805 |
5.55%, 06/01/45 (a) | 330,000 | 309,919 |
5.05%, 02/15/46 (a) | 200,000 | 174,158 |
5.20%, 03/01/48 (a) | 100,000 | 88,943 |
3.25%, 08/01/50 (a) | 100,000 | 64,840 |
3.60%, 02/15/51 (a) | 150,000 | 103,083 |
5.45%, 08/01/52 (a) | 150,000 | 138,318 |
Magellan Midstream Partners LP | ||
3.95%, 03/01/50 (a) | 150,000 | 109,419 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 200,000 | 194,316 |
6.80%, 03/15/32 | 100,000 | 106,698 |
6.60%, 10/01/37 | 100,000 | 104,491 |
5.20%, 06/01/45 (a) | 100,000 | 86,929 |
Marathon Petroleum Corp. | ||
4.70%, 05/01/25 (a) | 200,000 | 198,122 |
5.13%, 12/15/26 (a) | 100,000 | 99,897 |
3.80%, 04/01/28 (a) | 100,000 | 95,297 |
6.50%, 03/01/41 (a) | 200,000 | 212,536 |
4.75%, 09/15/44 (a) | 150,000 | 131,145 |
4.50%, 04/01/48 (a) | 50,000 | 41,232 |
5.00%, 09/15/54 (a) | 100,000 | 86,287 |
MPLX LP | ||
4.88%, 06/01/25 (a) | 300,000 | 297,261 |
1.75%, 03/01/26 (a) | 250,000 | 233,270 |
4.13%, 03/01/27 (a) | 200,000 | 193,996 |
4.25%, 12/01/27 (a) | 150,000 | 145,148 |
4.00%, 03/15/28 (a) | 150,000 | 143,765 |
4.80%, 02/15/29 (a) | 150,000 | 147,077 |
2.65%, 08/15/30 (a) | 250,000 | 212,860 |
4.95%, 09/01/32 (a) | 150,000 | 143,673 |
5.00%, 03/01/33 (a) | 150,000 | 143,540 |
4.50%, 04/15/38 (a) | 350,000 | 305,368 |
5.20%, 03/01/47 (a) | 150,000 | 134,856 |
5.20%, 12/01/47 (a) | 100,000 | 90,149 |
4.70%, 04/15/48 (a) | 150,000 | 125,756 |
5.50%, 02/15/49 (a) | 300,000 | 281,349 |
4.95%, 03/14/52 (a) | 250,000 | 215,695 |
5.65%, 03/01/53 (a) | 100,000 | 95,266 |
4.90%, 04/15/58 (a) | 100,000 | 82,894 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 100,000 | 99,274 |
5.50%, 01/15/26 (a) | 100,000 | 99,763 |
3.95%, 09/15/27 (a) | 100,000 | 95,031 |
4.75%, 09/01/28 (a) | 100,000 | 96,890 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 200,000 | 194,236 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 100,000 | 91,306 |
3.95%, 12/01/42 (a) | 150,000 | 112,080 |
Occidental Petroleum Corp. | ||
5.50%, 12/01/25 (a) | 200,000 | 199,920 |
5.55%, 03/15/26 (a) | 200,000 | 201,338 |
8.88%, 07/15/30 (a) | 200,000 | 231,394 |
6.63%, 09/01/30 (a) | 200,000 | 210,550 |
6.13%, 01/01/31 (a) | 200,000 | 205,032 |
7.50%, 05/01/31 | 200,000 | 221,092 |
7.88%, 09/15/31 | 75,000 | 84,536 |
6.45%, 09/15/36 | 300,000 | 316,722 |
6.20%, 03/15/40 | 150,000 | 152,443 |
6.60%, 03/15/46 (a) | 200,000 | 212,866 |
4.40%, 04/15/46 (a) | 100,000 | 80,309 |
4.20%, 03/15/48 (a) | 50,000 | 38,575 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 150,000 | 148,958 |
6.65%, 10/01/36 | 100,000 | 106,236 |
6.85%, 10/15/37 | 150,000 | 161,223 |
6.13%, 02/01/41 (a) | 150,000 | 152,850 |
ONEOK, Inc. | ||
2.20%, 09/15/25 (a) | 50,000 | 47,575 |
5.85%, 01/15/26 (a) | 155,000 | 156,406 |
5.55%, 11/01/26 (a) | 150,000 | 151,144 |
4.55%, 07/15/28 (a) | 150,000 | 146,643 |
5.65%, 11/01/28 (a) | 150,000 | 152,715 |
4.35%, 03/15/29 (a) | 150,000 | 144,479 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 09/01/29 (a) | 150,000 | 137,099 |
3.10%, 03/15/30 (a) | 200,000 | 177,326 |
3.25%, 06/01/30 (a) | 200,000 | 178,922 |
6.35%, 01/15/31 (a) | 70,000 | 73,487 |
6.10%, 11/15/32 (a) | 150,000 | 155,455 |
6.05%, 09/01/33 (a) | 300,000 | 309,213 |
5.15%, 10/15/43 (a) | 150,000 | 135,978 |
4.95%, 07/13/47 (a) | 100,000 | 86,255 |
5.20%, 07/15/48 (a) | 125,000 | 112,998 |
4.85%, 02/01/49 (a) | 150,000 | 128,666 |
4.45%, 09/01/49 (a) | 150,000 | 119,949 |
4.50%, 03/15/50 (a) | 50,000 | 40,197 |
7.15%, 01/15/51 (a) | 100,000 | 111,262 |
6.63%, 09/01/53 (a) | 350,000 | 377,058 |
Ovintiv, Inc. | ||
5.38%, 01/01/26 (a) | 200,000 | 198,986 |
7.20%, 11/01/31 | 75,000 | 81,052 |
7.38%, 11/01/31 | 200,000 | 218,196 |
6.25%, 07/15/33 (a) | 100,000 | 102,904 |
6.50%, 08/15/34 | 100,000 | 104,852 |
6.63%, 08/15/37 | 100,000 | 103,406 |
7.10%, 07/15/53 (a) | 100,000 | 109,161 |
Patterson-UTI Energy, Inc. | ||
3.95%, 02/01/28 (a) | 75,000 | 70,178 |
7.15%, 10/01/33 (a) | 100,000 | 106,059 |
Phillips 66 | ||
1.30%, 02/15/26 (a) | 50,000 | 46,297 |
3.90%, 03/15/28 (a) | 150,000 | 144,392 |
2.15%, 12/15/30 (a) | 150,000 | 124,722 |
4.65%, 11/15/34 (a) | 150,000 | 141,054 |
5.88%, 05/01/42 | 300,000 | 310,164 |
4.88%, 11/15/44 (a) | 300,000 | 274,437 |
3.30%, 03/15/52 (a) | 200,000 | 136,850 |
Phillips 66 Co. | ||
3.55%, 10/01/26 (a) | 100,000 | 96,117 |
4.95%, 12/01/27 (a) | 150,000 | 149,720 |
3.75%, 03/01/28 (a) | 100,000 | 95,416 |
3.15%, 12/15/29 (a) | 100,000 | 90,310 |
5.30%, 06/30/33 (a) | 100,000 | 99,271 |
4.68%, 02/15/45 (a) | 100,000 | 87,581 |
4.90%, 10/01/46 (a) | 100,000 | 89,675 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 200,000 | 185,578 |
5.10%, 03/29/26 | 100,000 | 99,956 |
1.90%, 08/15/30 (a) | 200,000 | 166,802 |
2.15%, 01/15/31 (a) | 200,000 | 167,538 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 150,000 | 148,005 |
4.50%, 12/15/26 (a) | 230,000 | 225,667 |
3.55%, 12/15/29 (a) | 150,000 | 136,125 |
3.80%, 09/15/30 (a) | 150,000 | 136,731 |
6.65%, 01/15/37 | 100,000 | 105,785 |
5.15%, 06/01/42 (a) | 100,000 | 88,446 |
4.30%, 01/31/43 (a) | 50,000 | 39,639 |
4.70%, 06/15/44 (a) | 100,000 | 82,872 |
4.90%, 02/15/45 (a) | 100,000 | 84,316 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 350,000 | 349,709 |
5.88%, 06/30/26 (a) | 200,000 | 201,666 |
5.00%, 03/15/27 (a) | 250,000 | 248,287 |
4.20%, 03/15/28 (a) | 250,000 | 241,327 |
4.50%, 05/15/30 (a) | 375,000 | 359,171 |
5.90%, 09/15/37 (a) | 100,000 | 103,630 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 150,000 | 141,821 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Schlumberger Investment SA | ||
2.65%, 06/26/30 (a) | 200,000 | 175,836 |
4.85%, 05/15/33 (a) | 150,000 | 148,518 |
Shell International Finance BV | ||
3.25%, 05/11/25 | 430,000 | 420,617 |
2.88%, 05/10/26 | 300,000 | 287,103 |
2.50%, 09/12/26 | 250,000 | 236,172 |
3.88%, 11/13/28 (a) | 300,000 | 289,659 |
2.38%, 11/07/29 (a) | 250,000 | 220,395 |
2.75%, 04/06/30 (a) | 300,000 | 267,126 |
4.13%, 05/11/35 | 200,000 | 185,060 |
6.38%, 12/15/38 | 500,000 | 556,540 |
5.50%, 03/25/40 | 150,000 | 154,510 |
2.88%, 11/26/41 (a) | 50,000 | 36,553 |
3.63%, 08/21/42 | 80,000 | 64,803 |
4.55%, 08/12/43 | 250,000 | 227,095 |
4.38%, 05/11/45 | 530,000 | 463,416 |
4.00%, 05/10/46 | 405,000 | 332,691 |
3.75%, 09/12/46 | 200,000 | 157,686 |
3.13%, 11/07/49 (a) | 200,000 | 139,514 |
3.25%, 04/06/50 (a) | 350,000 | 249,333 |
3.00%, 11/26/51 (a) | 200,000 | 134,276 |
Spectra Energy Partners LP | ||
3.38%, 10/15/26 (a) | 200,000 | 191,174 |
4.50%, 03/15/45 (a) | 150,000 | 126,092 |
Suncor Energy, Inc. | ||
7.15%, 02/01/32 | 200,000 | 219,610 |
6.80%, 05/15/38 | 175,000 | 187,000 |
6.50%, 06/15/38 | 150,000 | 157,203 |
6.85%, 06/01/39 | 150,000 | 161,487 |
4.00%, 11/15/47 (a) | 100,000 | 76,426 |
3.75%, 03/04/51 (a) | 150,000 | 109,127 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 100,000 | 99,498 |
6.15%, 03/01/29 (a) | 200,000 | 206,302 |
4.20%, 02/01/33 (a) | 150,000 | 135,069 |
6.13%, 03/15/33 (a) | 175,000 | 180,444 |
6.50%, 03/30/34 (a) | 100,000 | 106,232 |
4.95%, 04/15/52 (a) | 100,000 | 85,658 |
6.25%, 07/01/52 (a) | 100,000 | 101,492 |
6.50%, 02/15/53 (a) | 150,000 | 158,089 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 250,000 | 252,872 |
5.00%, 01/15/28 (a) | 200,000 | 195,960 |
5.50%, 03/01/30 (a) | 150,000 | 148,362 |
4.88%, 02/01/31 (a) | 150,000 | 142,443 |
4.00%, 01/15/32 (a) | 175,000 | 156,266 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 150,000 | 147,848 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 10/15/28 | 200,000 | 213,756 |
Texas Eastern Transmission LP | ||
7.00%, 07/15/32 | 100,000 | 110,791 |
TotalEnergies Capital International SA | ||
3.46%, 02/19/29 (a) | 300,000 | 281,844 |
2.83%, 01/10/30 (a) | 200,000 | 179,838 |
2.99%, 06/29/41 (a) | 100,000 | 74,319 |
3.46%, 07/12/49 (a) | 200,000 | 149,750 |
3.13%, 05/29/50 (a) | 450,000 | 313,456 |
3.39%, 06/29/60 (a) | 100,000 | 69,326 |
TotalEnergies Capital SA | ||
3.88%, 10/11/28 | 150,000 | 144,611 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 200,000 | 198,364 |
6.20%, 03/09/26 (a) | 150,000 | 150,034 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 05/15/28 (a) | 250,000 | 240,885 |
4.10%, 04/15/30 (a) | 200,000 | 187,402 |
2.50%, 10/12/31 (a) | 200,000 | 164,112 |
4.63%, 03/01/34 (a) | 200,000 | 185,448 |
5.60%, 03/31/34 | 100,000 | 100,028 |
5.85%, 03/15/36 | 100,000 | 100,164 |
6.20%, 10/15/37 | 150,000 | 154,417 |
4.75%, 05/15/38 (a) | 100,000 | 90,585 |
7.25%, 08/15/38 | 100,000 | 113,243 |
7.63%, 01/15/39 | 150,000 | 175,107 |
6.10%, 06/01/40 | 150,000 | 153,673 |
5.00%, 10/16/43 (a) | 100,000 | 89,491 |
4.88%, 05/15/48 (a) | 200,000 | 175,244 |
5.10%, 03/15/49 (a) | 150,000 | 137,739 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 200,000 | 207,828 |
3.25%, 05/15/30 (a) | 200,000 | 180,030 |
5.40%, 08/15/41 (a) | 100,000 | 98,073 |
4.45%, 08/01/42 (a) | 100,000 | 87,076 |
4.60%, 03/15/48 (a) | 100,000 | 87,660 |
3.95%, 05/15/50 (a) | 100,000 | 77,962 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 150,000 | 135,935 |
4.35%, 06/01/28 (a) | 100,000 | 97,400 |
4.00%, 04/01/29 (a) | 50,000 | 47,757 |
2.80%, 12/01/31 (a) | 75,000 | 63,386 |
7.50%, 04/15/32 | 150,000 | 170,869 |
6.63%, 06/15/37 | 200,000 | 214,778 |
4.90%, 03/15/45 | 130,000 | 117,959 |
3.65%, 12/01/51 (a) | 200,000 | 141,096 |
4.00%, 06/01/52 (a) | 75,000 | 56,594 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 150,000 | 145,983 |
Western Midstream Operating LP | ||
4.65%, 07/01/26 (a) | 150,000 | 146,705 |
6.35%, 01/15/29 (a) | 100,000 | 103,308 |
4.05%, 02/01/30 (a)(g) | 200,000 | 185,214 |
6.15%, 04/01/33 (a) | 200,000 | 203,430 |
5.30%, 03/01/48 (a) | 150,000 | 129,527 |
5.50%, 08/15/48 (a) | 100,000 | 88,013 |
5.25%, 02/01/50 (a)(g) | 250,000 | 221,802 |
Williams Cos., Inc. | ||
5.40%, 03/02/26 | 200,000 | 200,520 |
3.75%, 06/15/27 (a) | 200,000 | 191,394 |
5.30%, 08/15/28 (a) | 150,000 | 151,030 |
4.90%, 03/15/29 (a) | 150,000 | 148,190 |
3.50%, 11/15/30 (a) | 150,000 | 135,441 |
7.50%, 01/15/31 | 150,000 | 167,109 |
2.60%, 03/15/31 (a) | 150,000 | 126,476 |
8.75%, 03/15/32 | 50,000 | 59,633 |
4.65%, 08/15/32 (a) | 150,000 | 142,781 |
5.65%, 03/15/33 (a) | 200,000 | 203,382 |
5.15%, 03/15/34 (a) | 150,000 | 146,682 |
6.30%, 04/15/40 | 200,000 | 207,334 |
5.80%, 11/15/43 (a) | 72,000 | 70,561 |
5.40%, 03/04/44 (a) | 100,000 | 93,999 |
5.75%, 06/24/44 (a) | 100,000 | 98,089 |
4.90%, 01/15/45 (a) | 100,000 | 88,327 |
5.10%, 09/15/45 (a) | 100,000 | 91,465 |
4.85%, 03/01/48 (a) | 150,000 | 131,892 |
3.50%, 10/15/51 (a) | 150,000 | 104,960 |
5.30%, 08/15/52 (a) | 150,000 | 140,501 |
78,742,815 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Industrial Other 0.1% | ||
American University | ||
3.67%, 04/01/49 | 100,000 | 81,101 |
Booz Allen Hamilton, Inc. | ||
5.95%, 08/04/33 (a) | 150,000 | 154,642 |
Brown University | ||
2.92%, 09/01/50 (a) | 100,000 | 70,517 |
California Institute of Technology | ||
4.32%, 08/01/45 | 100,000 | 91,619 |
3.65%, 09/01/19 (a) | 150,000 | 104,871 |
Case Western Reserve University | ||
5.41%, 06/01/22 (a) | 50,000 | 48,102 |
Cintas Corp. No. 2 | ||
3.45%, 05/01/25 (a) | 100,000 | 97,920 |
3.70%, 04/01/27 (a) | 150,000 | 145,357 |
4.00%, 05/01/32 (a) | 150,000 | 140,748 |
Duke University | ||
2.68%, 10/01/44 | 100,000 | 73,655 |
2.76%, 10/01/50 | 100,000 | 69,269 |
2.83%, 10/01/55 | 100,000 | 68,452 |
Emory University | ||
2.97%, 09/01/50 (a) | 150,000 | 104,694 |
George Washington University | ||
4.30%, 09/15/44 | 100,000 | 88,294 |
4.87%, 09/15/45 | 50,000 | 48,062 |
4.13%, 09/15/48 (a) | 150,000 | 128,988 |
Georgetown University | ||
4.32%, 04/01/49 (a) | 50,000 | 44,264 |
2.94%, 04/01/50 (a) | 100,000 | 68,425 |
5.22%, 10/01/18 (a) | 50,000 | 46,469 |
Jacobs Engineering Group, Inc. | ||
5.90%, 03/01/33 (a) | 100,000 | 100,079 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 100,000 | 88,056 |
Leland Stanford Junior University | ||
1.29%, 06/01/27 (a) | 200,000 | 179,820 |
3.65%, 05/01/48 (a) | 100,000 | 82,968 |
Massachusetts Institute of Technology | ||
3.96%, 07/01/38 | 150,000 | 136,401 |
2.99%, 07/01/50 (a) | 100,000 | 72,713 |
2.29%, 07/01/51 (a) | 100,000 | 62,064 |
5.60%, 07/01/11 | 150,000 | 163,143 |
4.68%, 07/01/14 | 100,000 | 91,658 |
Northeastern University | ||
2.89%, 10/01/50 | 75,000 | 51,943 |
Northwestern University | ||
4.64%, 12/01/44 | 100,000 | 95,465 |
2.64%, 12/01/50 (a) | 100,000 | 66,144 |
President & Fellows of Harvard College | ||
3.15%, 07/15/46 (a) | 100,000 | 75,509 |
2.52%, 10/15/50 (a) | 100,000 | 65,659 |
3.75%, 11/15/52 (a) | 100,000 | 83,476 |
3.30%, 07/15/56 (a) | 100,000 | 74,254 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 250,000 | 216,850 |
3.05%, 10/01/41 (a) | 150,000 | 105,546 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 100,000 | 72,625 |
Trustees of Princeton University | ||
5.70%, 03/01/39 | 150,000 | 164,137 |
2.52%, 07/01/50 (a) | 100,000 | 66,799 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Trustees of the University of Pennsylvania | ||
2.40%, 10/01/50 (a) | 150,000 | 93,492 |
4.67%, 09/01/12 | 50,000 | 45,038 |
University of Chicago | ||
2.76%, 04/01/45 (a) | 100,000 | 77,241 |
2.55%, 04/01/50 (a) | 100,000 | 67,023 |
3.00%, 10/01/52 (a) | 100,000 | 70,689 |
University of Miami | ||
4.06%, 04/01/52 | 100,000 | 84,385 |
University of Notre Dame du Lac | ||
3.39%, 02/15/48 (a) | 100,000 | 78,437 |
University of Southern California | ||
3.03%, 10/01/39 | 150,000 | 119,334 |
3.84%, 10/01/47 (a) | 150,000 | 125,560 |
2.95%, 10/01/51 (a) | 100,000 | 70,040 |
3.23%, 10/01/20 (a) | 100,000 | 61,229 |
Washington University | ||
3.52%, 04/15/54 (a) | 125,000 | 97,067 |
4.35%, 04/15/22 (a) | 100,000 | 83,707 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 200,000 | 164,092 |
Yale University | ||
1.48%, 04/15/30 (a) | 50,000 | 41,817 |
2.40%, 04/15/50 (a) | 100,000 | 64,442 |
5,134,351 | ||
Technology 2.4% | ||
Adobe, Inc. | ||
2.15%, 02/01/27 (a) | 200,000 | 186,272 |
2.30%, 02/01/30 (a) | 200,000 | 174,614 |
Advanced Micro Devices, Inc. | ||
4.39%, 06/01/52 (a) | 75,000 | 66,338 |
Alphabet, Inc. | ||
0.45%, 08/15/25 (a) | 150,000 | 141,060 |
2.00%, 08/15/26 (a) | 400,000 | 375,820 |
0.80%, 08/15/27 (a) | 150,000 | 132,554 |
1.10%, 08/15/30 (a) | 250,000 | 202,480 |
1.90%, 08/15/40 (a) | 250,000 | 165,665 |
2.05%, 08/15/50 (a) | 400,000 | 236,708 |
2.25%, 08/15/60 (a) | 375,000 | 216,056 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 150,000 | 127,469 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 100,000 | 97,696 |
3.50%, 12/05/26 (a) | 100,000 | 96,613 |
3.45%, 06/15/27 (a) | 100,000 | 95,791 |
1.70%, 10/01/28 (a) | 200,000 | 174,618 |
2.10%, 10/01/31 (a) | 200,000 | 165,172 |
2.80%, 10/01/41 (a) | 200,000 | 142,214 |
2.95%, 10/01/51 (a) | 200,000 | 133,454 |
Apple, Inc. | ||
1.13%, 05/11/25 (a) | 400,000 | 382,024 |
3.20%, 05/13/25 | 300,000 | 293,694 |
0.55%, 08/20/25 (a) | 250,000 | 235,055 |
0.70%, 02/08/26 (a) | 500,000 | 462,335 |
3.25%, 02/23/26 (a) | 680,000 | 659,838 |
4.42%, 05/08/26 (a) | 150,000 | 149,416 |
2.45%, 08/04/26 (a) | 400,000 | 378,700 |
2.05%, 09/11/26 (a) | 300,000 | 280,608 |
3.35%, 02/09/27 (a) | 400,000 | 384,908 |
3.20%, 05/11/27 (a) | 350,000 | 334,127 |
3.00%, 06/20/27 (a) | 200,000 | 189,786 |
2.90%, 09/12/27 (a) | 350,000 | 330,274 |
3.00%, 11/13/27 (a) | 300,000 | 283,905 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.20%, 02/08/28 (a) | 400,000 | 351,640 |
4.00%, 05/10/28 (a) | 250,000 | 244,942 |
1.40%, 08/05/28 (a) | 400,000 | 349,752 |
3.25%, 08/08/29 (a) | 150,000 | 140,309 |
2.20%, 09/11/29 (a) | 350,000 | 309,393 |
1.65%, 05/11/30 (a) | 300,000 | 251,067 |
1.25%, 08/20/30 (a) | 300,000 | 243,027 |
1.65%, 02/08/31 (a) | 500,000 | 411,945 |
1.70%, 08/05/31 (a) | 200,000 | 162,992 |
3.35%, 08/08/32 (a) | 250,000 | 227,137 |
4.30%, 05/10/33 (a) | 100,000 | 98,873 |
4.50%, 02/23/36 (a) | 200,000 | 196,716 |
2.38%, 02/08/41 (a) | 300,000 | 211,197 |
3.85%, 05/04/43 | 480,000 | 411,211 |
4.45%, 05/06/44 | 150,000 | 140,348 |
3.45%, 02/09/45 | 400,000 | 317,920 |
4.38%, 05/13/45 | 300,000 | 273,846 |
4.65%, 02/23/46 (a) | 700,000 | 662,403 |
3.85%, 08/04/46 (a) | 350,000 | 292,624 |
4.25%, 02/09/47 (a) | 195,000 | 175,305 |
3.75%, 09/12/47 (a) | 150,000 | 122,091 |
3.75%, 11/13/47 (a) | 200,000 | 163,070 |
2.95%, 09/11/49 (a) | 300,000 | 209,721 |
2.65%, 05/11/50 (a) | 400,000 | 260,576 |
2.40%, 08/20/50 (a) | 300,000 | 187,134 |
2.65%, 02/08/51 (a) | 500,000 | 322,790 |
2.70%, 08/05/51 (a) | 350,000 | 228,074 |
3.95%, 08/08/52 (a) | 350,000 | 290,997 |
4.85%, 05/10/53 (a) | 250,000 | 244,512 |
2.55%, 08/20/60 (a) | 300,000 | 185,628 |
2.80%, 02/08/61 (a) | 250,000 | 159,102 |
2.85%, 08/05/61 (a) | 200,000 | 127,172 |
4.10%, 08/08/62 (a) | 200,000 | 167,738 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 150,000 | 147,409 |
3.30%, 04/01/27 (a) | 150,000 | 143,607 |
1.75%, 06/01/30 (a) | 150,000 | 125,159 |
5.10%, 10/01/35 (a) | 75,000 | 75,980 |
5.85%, 06/15/41 | 100,000 | 107,730 |
4.35%, 04/01/47 (a) | 150,000 | 133,365 |
2.75%, 06/01/50 (a) | 150,000 | 101,100 |
Arrow Electronics, Inc. | ||
3.88%, 01/12/28 (a) | 200,000 | 189,060 |
2.95%, 02/15/32 (a) | 100,000 | 83,542 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 100,000 | 98,917 |
2.85%, 01/15/30 (a) | 100,000 | 88,776 |
2.40%, 12/15/31 (a) | 200,000 | 166,174 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 200,000 | 195,436 |
1.70%, 05/15/28 (a) | 200,000 | 178,192 |
1.25%, 09/01/30 (a) | 200,000 | 162,112 |
Avnet, Inc. | ||
6.25%, 03/15/28 (a) | 100,000 | 101,759 |
3.00%, 05/15/31 (a) | 100,000 | 82,666 |
5.50%, 06/01/32 (a) | 50,000 | 48,091 |
Baidu, Inc. | ||
4.13%, 06/30/25 | 300,000 | 294,444 |
1.72%, 04/09/26 (a) | 200,000 | 185,804 |
4.88%, 11/14/28 (a) | 200,000 | 198,804 |
2.38%, 10/09/30 (a) | 200,000 | 168,526 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.88%, 01/15/27 (a) | 500,000 | 483,485 |
3.50%, 01/15/28 (a) | 150,000 | 141,350 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Broadcom, Inc. | ||
3.15%, 11/15/25 (a) | 100,000 | 96,541 |
3.46%, 09/15/26 (a) | 156,000 | 149,710 |
1.95%, 02/15/28 (a)(d) | 100,000 | 88,792 |
4.11%, 09/15/28 (a) | 250,000 | 239,647 |
4.00%, 04/15/29 (a)(d) | 150,000 | 142,100 |
4.75%, 04/15/29 (a) | 300,000 | 294,570 |
5.00%, 04/15/30 (a) | 50,000 | 49,886 |
4.15%, 11/15/30 (a) | 400,000 | 374,168 |
2.45%, 02/15/31 (a)(d) | 450,000 | 375,003 |
4.15%, 04/15/32 (a)(d) | 250,000 | 229,677 |
4.30%, 11/15/32 (a) | 350,000 | 324,250 |
2.60%, 02/15/33 (a)(d) | 300,000 | 240,897 |
3.42%, 04/15/33 (a)(d) | 350,000 | 299,082 |
3.47%, 04/15/34 (a)(d) | 600,000 | 507,138 |
3.14%, 11/15/35 (a)(d) | 550,000 | 436,716 |
3.19%, 11/15/36 (a)(d) | 450,000 | 352,278 |
4.93%, 05/15/37 (a)(d) | 463,000 | 431,817 |
3.50%, 02/15/41 (a)(d) | 450,000 | 344,317 |
3.75%, 02/15/51 (a)(d) | 350,000 | 261,943 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 95,612 |
2.90%, 12/01/29 (a) | 150,000 | 132,186 |
2.60%, 05/01/31 (a) | 200,000 | 167,654 |
CDW LLC/CDW Finance Corp. | ||
4.13%, 05/01/25 (a) | 200,000 | 196,144 |
2.67%, 12/01/26 (a) | 200,000 | 185,698 |
4.25%, 04/01/28 (a) | 200,000 | 190,592 |
3.25%, 02/15/29 (a) | 100,000 | 89,201 |
3.57%, 12/01/31 (a) | 200,000 | 173,608 |
CGI, Inc. | ||
2.30%, 09/14/31 (a) | 100,000 | 80,134 |
Cisco Systems, Inc. | ||
3.50%, 06/15/25 | 112,000 | 109,934 |
4.90%, 02/26/26 | 250,000 | 250,140 |
2.95%, 02/28/26 | 200,000 | 192,830 |
2.50%, 09/20/26 (a) | 100,000 | 94,388 |
4.80%, 02/26/27 (a) | 400,000 | 400,216 |
4.85%, 02/26/29 (a) | 400,000 | 400,772 |
4.95%, 02/26/31 (a) | 400,000 | 400,588 |
5.05%, 02/26/34 (a) | 500,000 | 502,910 |
5.90%, 02/15/39 | 100,000 | 107,395 |
5.50%, 01/15/40 | 550,000 | 569,096 |
5.30%, 02/26/54 (a) | 350,000 | 354,627 |
5.35%, 02/26/64 (a) | 200,000 | 201,594 |
Concentrix Corp. | ||
6.65%, 08/02/26 (a) | 150,000 | 151,755 |
6.60%, 08/02/28 (a) | 150,000 | 150,760 |
6.85%, 08/02/33 (a) | 100,000 | 97,826 |
Corning, Inc. | ||
5.75%, 08/15/40 | 100,000 | 100,100 |
4.75%, 03/15/42 | 100,000 | 89,951 |
5.35%, 11/15/48 (a) | 100,000 | 96,328 |
3.90%, 11/15/49 (a) | 100,000 | 78,001 |
4.38%, 11/15/57 (a) | 100,000 | 82,436 |
5.85%, 11/15/68 (a) | 50,000 | 49,361 |
5.45%, 11/15/79 (a) | 190,000 | 176,177 |
Dell International LLC/EMC Corp. | ||
5.85%, 07/15/25 (a) | 100,000 | 100,465 |
6.02%, 06/15/26 (a) | 580,000 | 586,496 |
4.90%, 10/01/26 (a) | 350,000 | 346,920 |
6.10%, 07/15/27 (a) | 100,000 | 102,672 |
5.25%, 02/01/28 (a) | 200,000 | 201,526 |
5.30%, 10/01/29 (a) | 300,000 | 300,723 |
6.20%, 07/15/30 (a) | 100,000 | 104,723 |
5.75%, 02/01/33 (a) | 200,000 | 205,686 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
8.10%, 07/15/36 (a) | 189,000 | 226,938 |
3.38%, 12/15/41 (a) | 150,000 | 109,448 |
8.35%, 07/15/46 (a) | 64,000 | 81,146 |
3.45%, 12/15/51 (a) | 250,000 | 171,887 |
Dell, Inc. | ||
6.50%, 04/15/38 | 75,000 | 78,628 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 150,000 | 136,265 |
2.38%, 09/15/28 (a) | 150,000 | 129,465 |
Equifax, Inc. | ||
2.60%, 12/15/25 (a) | 100,000 | 95,325 |
5.10%, 06/01/28 (a) | 150,000 | 149,121 |
3.10%, 05/15/30 (a) | 100,000 | 88,251 |
2.35%, 09/15/31 (a) | 200,000 | 163,418 |
Equinix, Inc. | ||
1.25%, 07/15/25 (a) | 50,000 | 47,185 |
1.00%, 09/15/25 (a) | 200,000 | 187,038 |
2.90%, 11/18/26 (a) | 100,000 | 94,208 |
1.55%, 03/15/28 (a) | 250,000 | 217,767 |
3.20%, 11/18/29 (a) | 200,000 | 179,882 |
2.15%, 07/15/30 (a) | 200,000 | 165,942 |
2.50%, 05/15/31 (a) | 200,000 | 167,150 |
3.90%, 04/15/32 (a) | 200,000 | 181,630 |
3.00%, 07/15/50 (a) | 100,000 | 65,026 |
2.95%, 09/15/51 (a) | 50,000 | 31,864 |
3.40%, 02/15/52 (a) | 100,000 | 69,616 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 100,000 | 86,965 |
Fidelity National Information Services, Inc. | ||
4.50%, 07/15/25 | 150,000 | 148,609 |
1.15%, 03/01/26 (a) | 250,000 | 231,342 |
4.70%, 07/15/27 (a) | 100,000 | 99,307 |
1.65%, 03/01/28 (a) | 150,000 | 132,278 |
3.75%, 05/21/29 (a) | 100,000 | 95,367 |
2.25%, 03/01/31 (a) | 200,000 | 167,424 |
5.10%, 07/15/32 (a) | 150,000 | 150,067 |
3.10%, 03/01/41 (a) | 100,000 | 72,184 |
5.63%, 07/15/52 (a) | 100,000 | 99,153 |
Fiserv, Inc. | ||
3.85%, 06/01/25 (a) | 100,000 | 98,016 |
3.20%, 07/01/26 (a) | 400,000 | 382,164 |
2.25%, 06/01/27 (a) | 250,000 | 228,810 |
5.45%, 03/02/28 (a) | 150,000 | 151,362 |
4.20%, 10/01/28 (a) | 150,000 | 143,936 |
3.50%, 07/01/29 (a) | 500,000 | 460,155 |
2.65%, 06/01/30 (a) | 150,000 | 129,068 |
5.60%, 03/02/33 (a) | 100,000 | 100,952 |
5.63%, 08/21/33 (a) | 250,000 | 252,942 |
5.45%, 03/15/34 (a) | 150,000 | 149,853 |
4.40%, 07/01/49 (a) | 375,000 | 314,006 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 100,000 | 98,921 |
3.75%, 02/01/26 (a) | 150,000 | 145,124 |
6.00%, 01/15/28 (a) | 100,000 | 101,679 |
4.88%, 06/15/29 (a) | 100,000 | 97,334 |
4.88%, 05/12/30 (a) | 100,000 | 96,542 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 100,000 | 91,815 |
2.20%, 03/15/31 (a) | 100,000 | 82,845 |
Global Payments, Inc. | ||
1.20%, 03/01/26 (a) | 200,000 | 184,150 |
4.80%, 04/01/26 (a) | 150,000 | 148,083 |
2.15%, 01/15/27 (a) | 150,000 | 137,714 |
4.45%, 06/01/28 (a) | 100,000 | 96,449 |
3.20%, 08/15/29 (a) | 200,000 | 178,338 |
2.90%, 05/15/30 (a) | 225,000 | 193,979 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.90%, 11/15/31 (a) | 150,000 | 125,280 |
5.40%, 08/15/32 (a) | 150,000 | 148,063 |
4.15%, 08/15/49 (a) | 100,000 | 76,370 |
5.95%, 08/15/52 (a) | 150,000 | 147,610 |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25 (a) | 350,000 | 347,816 |
1.75%, 04/01/26 (a) | 200,000 | 185,928 |
5.25%, 07/01/28 (a) | 100,000 | 100,213 |
6.20%, 10/15/35 (a) | 150,000 | 156,802 |
6.35%, 10/15/45 (a) | 262,000 | 271,136 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 144,011 |
1.45%, 06/17/26 (a) | 200,000 | 183,838 |
3.00%, 06/17/27 (a) | 200,000 | 186,888 |
4.00%, 04/15/29 (a) | 200,000 | 190,542 |
2.65%, 06/17/31 (a) | 200,000 | 167,054 |
4.20%, 04/15/32 (a) | 150,000 | 138,396 |
5.50%, 01/15/33 (a) | 150,000 | 150,264 |
6.00%, 09/15/41 | 250,000 | 255,982 |
IBM International Capital Pte. Ltd. | ||
4.75%, 02/05/31 (a) | 150,000 | 146,262 |
4.90%, 02/05/34 (a) | 200,000 | 194,072 |
5.25%, 02/05/44 (a) | 200,000 | 191,916 |
5.30%, 02/05/54 (a) | 200,000 | 192,140 |
Intel Corp. | ||
3.40%, 03/25/25 (a) | 350,000 | 343,294 |
3.70%, 07/29/25 (a) | 250,000 | 244,920 |
4.88%, 02/10/26 | 200,000 | 199,386 |
2.60%, 05/19/26 (a) | 150,000 | 142,694 |
3.75%, 03/25/27 (a) | 250,000 | 241,925 |
3.15%, 05/11/27 (a) | 150,000 | 142,215 |
3.75%, 08/05/27 (a) | 200,000 | 192,842 |
4.88%, 02/10/28 (a) | 300,000 | 299,253 |
1.60%, 08/12/28 (a) | 200,000 | 174,022 |
4.00%, 08/05/29 (a) | 200,000 | 191,290 |
2.45%, 11/15/29 (a) | 350,000 | 306,831 |
5.13%, 02/10/30 (a) | 200,000 | 201,698 |
3.90%, 03/25/30 (a) | 300,000 | 282,384 |
5.00%, 02/21/31 (a) | 100,000 | 99,393 |
2.00%, 08/12/31 (a) | 300,000 | 243,570 |
4.15%, 08/05/32 (a) | 200,000 | 188,044 |
4.00%, 12/15/32 | 150,000 | 138,510 |
5.20%, 02/10/33 (a) | 400,000 | 400,448 |
5.15%, 02/21/34 (a) | 150,000 | 148,623 |
4.60%, 03/25/40 (a) | 150,000 | 139,287 |
2.80%, 08/12/41 (a) | 150,000 | 106,559 |
4.80%, 10/01/41 | 95,000 | 88,779 |
4.25%, 12/15/42 | 100,000 | 85,515 |
5.63%, 02/10/43 (a) | 200,000 | 203,478 |
4.90%, 07/29/45 (a) | 100,000 | 94,685 |
4.10%, 05/19/46 (a) | 150,000 | 124,205 |
4.10%, 05/11/47 (a) | 100,000 | 82,314 |
3.73%, 12/08/47 (a) | 350,000 | 266,122 |
3.25%, 11/15/49 (a) | 300,000 | 207,654 |
4.75%, 03/25/50 (a) | 400,000 | 356,336 |
3.05%, 08/12/51 (a) | 250,000 | 165,672 |
4.90%, 08/05/52 (a) | 300,000 | 275,856 |
5.70%, 02/10/53 (a) | 400,000 | 405,312 |
5.60%, 02/21/54 (a) | 200,000 | 200,164 |
3.10%, 02/15/60 (a) | 160,000 | 101,355 |
4.95%, 03/25/60 (a) | 175,000 | 159,971 |
3.20%, 08/12/61 (a) | 100,000 | 64,463 |
5.05%, 08/05/62 (a) | 200,000 | 184,746 |
5.90%, 02/10/63 (a) | 200,000 | 208,562 |
International Business Machines Corp. | ||
4.00%, 07/27/25 | 200,000 | 196,942 |
3.45%, 02/19/26 | 300,000 | 291,102 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 05/15/26 | 550,000 | 529,732 |
3.30%, 01/27/27 | 150,000 | 143,354 |
1.70%, 05/15/27 (a) | 300,000 | 270,870 |
4.15%, 07/27/27 (a) | 150,000 | 146,217 |
6.22%, 08/01/27 | 130,000 | 135,785 |
4.50%, 02/06/28 (a) | 200,000 | 197,418 |
3.50%, 05/15/29 | 650,000 | 607,197 |
1.95%, 05/15/30 (a) | 200,000 | 167,566 |
2.72%, 02/09/32 (a) | 100,000 | 86,711 |
4.40%, 07/27/32 (a) | 200,000 | 191,130 |
4.75%, 02/06/33 (a) | 150,000 | 146,502 |
4.15%, 05/15/39 | 350,000 | 305,434 |
5.60%, 11/30/39 | 150,000 | 154,441 |
2.85%, 05/15/40 (a) | 100,000 | 72,809 |
4.00%, 06/20/42 | 200,000 | 166,516 |
4.70%, 02/19/46 | 150,000 | 136,142 |
4.25%, 05/15/49 | 400,000 | 335,464 |
2.95%, 05/15/50 (a) | 200,000 | 131,952 |
3.43%, 02/09/52 (a) | 150,000 | 107,214 |
4.90%, 07/27/52 (a) | 150,000 | 138,980 |
5.10%, 02/06/53 (a) | 150,000 | 143,321 |
7.13%, 12/01/96 | 75,000 | 94,535 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 100,000 | 94,370 |
5.25%, 09/15/26 (a) | 200,000 | 201,786 |
1.35%, 07/15/27 (a) | 150,000 | 133,886 |
1.65%, 07/15/30 (a) | 100,000 | 82,048 |
5.20%, 09/15/33 (a) | 200,000 | 202,178 |
5.50%, 09/15/53 (a) | 200,000 | 206,520 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 200,000 | 185,094 |
3.60%, 01/15/30 (a) | 100,000 | 90,200 |
3.00%, 01/15/31 (a) | 200,000 | 170,794 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 100,000 | 92,742 |
3.75%, 08/15/29 (a) | 100,000 | 92,805 |
5.95%, 03/15/41 | 100,000 | 99,259 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 150,000 | 147,681 |
3.00%, 10/30/29 (a) | 100,000 | 89,012 |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 100,000 | 97,055 |
4.65%, 07/15/32 (a) | 200,000 | 195,156 |
4.70%, 02/01/34 (a) | 100,000 | 97,449 |
5.00%, 03/15/49 (a) | 50,000 | 48,158 |
3.30%, 03/01/50 (a) | 100,000 | 71,999 |
4.95%, 07/15/52 (a) | 200,000 | 189,716 |
5.25%, 07/15/62 (a) | 150,000 | 146,193 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 150,000 | 137,088 |
3.15%, 10/15/31 (a) | 150,000 | 123,794 |
6.35%, 02/20/34 (a) | 100,000 | 100,984 |
4.10%, 10/15/41 (a) | 100,000 | 74,922 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 130,000 | 128,124 |
3.75%, 03/15/26 (a) | 100,000 | 97,602 |
4.00%, 03/15/29 (a) | 150,000 | 144,629 |
1.90%, 06/15/30 (a) | 200,000 | 167,938 |
4.88%, 03/15/49 (a) | 150,000 | 141,339 |
2.88%, 06/15/50 (a) | 100,000 | 67,641 |
3.13%, 06/15/60 (a) | 75,000 | 49,391 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 75,000 | 73,279 |
4.38%, 05/15/30 (a) | 150,000 | 141,147 |
2.30%, 02/15/31 (a) | 200,000 | 164,058 |
5.75%, 03/15/33 (a) | 100,000 | 101,665 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 92,820 |
2.45%, 04/15/28 (a) | 100,000 | 89,847 |
4.88%, 06/22/28 (a) | 100,000 | 98,318 |
5.75%, 02/15/29 (a) | 100,000 | 101,959 |
2.95%, 04/15/31 (a) | 100,000 | 85,719 |
5.95%, 09/15/33 (a) | 100,000 | 103,295 |
Mastercard, Inc. | ||
2.95%, 11/21/26 (a) | 250,000 | 238,552 |
3.30%, 03/26/27 (a) | 150,000 | 143,825 |
3.50%, 02/26/28 (a) | 100,000 | 96,072 |
4.88%, 03/09/28 (a) | 150,000 | 151,711 |
2.95%, 06/01/29 (a) | 150,000 | 137,754 |
3.35%, 03/26/30 (a) | 300,000 | 277,170 |
1.90%, 03/15/31 (a) | 75,000 | 62,318 |
2.00%, 11/18/31 (a) | 100,000 | 82,114 |
4.85%, 03/09/33 (a) | 150,000 | 149,884 |
3.80%, 11/21/46 (a) | 100,000 | 82,715 |
3.95%, 02/26/48 (a) | 100,000 | 84,755 |
3.65%, 06/01/49 (a) | 250,000 | 199,392 |
3.85%, 03/26/50 (a) | 200,000 | 165,280 |
2.95%, 03/15/51 (a) | 150,000 | 104,225 |
Microchip Technology, Inc. | ||
4.25%, 09/01/25 (a) | 250,000 | 245,552 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 150,000 | 149,173 |
4.19%, 02/15/27 (a) | 150,000 | 145,809 |
5.38%, 04/15/28 (a) | 200,000 | 200,758 |
5.33%, 02/06/29 (a) | 100,000 | 100,152 |
6.75%, 11/01/29 (a) | 100,000 | 106,206 |
4.66%, 02/15/30 (a) | 150,000 | 145,013 |
5.30%, 01/15/31 (a) | 150,000 | 148,518 |
2.70%, 04/15/32 (a) | 200,000 | 164,246 |
5.88%, 02/09/33 (a) | 150,000 | 153,292 |
5.88%, 09/15/33 (a) | 200,000 | 203,966 |
3.37%, 11/01/41 (a) | 100,000 | 72,916 |
3.48%, 11/01/51 (a) | 150,000 | 104,438 |
Microsoft Corp. | ||
3.13%, 11/03/25 (a) | 530,000 | 515,255 |
2.40%, 08/08/26 (a) | 600,000 | 568,182 |
3.40%, 09/15/26 (a)(d) | 150,000 | 145,169 |
3.30%, 02/06/27 (a) | 650,000 | 628,023 |
3.40%, 06/15/27 (a)(d) | 75,000 | 72,021 |
1.35%, 09/15/30 (a)(d) | 100,000 | 81,918 |
3.50%, 02/12/35 (a) | 250,000 | 227,205 |
4.20%, 11/03/35 (a) | 150,000 | 145,140 |
3.45%, 08/08/36 (a) | 350,000 | 308,598 |
4.10%, 02/06/37 (a) | 150,000 | 141,581 |
5.20%, 06/01/39 | 150,000 | 158,608 |
4.50%, 10/01/40 | 100,000 | 97,757 |
5.30%, 02/08/41 | 100,000 | 107,104 |
3.75%, 02/12/45 (a) | 100,000 | 85,550 |
4.45%, 11/03/45 (a) | 100,000 | 95,433 |
3.70%, 08/08/46 (a) | 349,000 | 290,968 |
4.25%, 02/06/47 (a) | 200,000 | 184,636 |
4.50%, 06/15/47 (a)(d) | 100,000 | 93,309 |
2.53%, 06/01/50 (a) | 1,050,000 | 677,775 |
2.50%, 09/15/50 (a)(d) | 250,000 | 159,042 |
2.92%, 03/17/52 (a) | 1,025,000 | 708,716 |
4.00%, 02/12/55 (a) | 100,000 | 86,984 |
3.95%, 08/08/56 (a) | 50,000 | 42,186 |
4.50%, 02/06/57 (a) | 150,000 | 142,010 |
2.68%, 06/01/60 (a) | 629,000 | 397,924 |
3.04%, 03/17/62 (a) | 345,000 | 235,083 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 100,000 | 98,342 |
3.25%, 01/15/28 (a) | 100,000 | 94,156 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 02/01/29 (a) | 150,000 | 145,361 |
2.00%, 08/19/31 (a) | 200,000 | 161,734 |
2.75%, 08/19/41 (a) | 100,000 | 70,411 |
5.25%, 07/15/44 | 100,000 | 98,009 |
4.88%, 12/17/48 (a) | 100,000 | 92,676 |
3.25%, 05/20/50 (a) | 100,000 | 71,046 |
3.10%, 11/29/61 (a) | 100,000 | 64,060 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 150,000 | 147,230 |
4.60%, 05/23/29 (a) | 150,000 | 145,881 |
2.30%, 11/15/30 (a) | 100,000 | 82,432 |
2.75%, 05/24/31 (a) | 150,000 | 125,246 |
5.60%, 06/01/32 (a) | 100,000 | 100,408 |
5.50%, 09/01/44 | 50,000 | 47,610 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 250,000 | 238,525 |
2.38%, 06/22/27 (a) | 150,000 | 137,501 |
Nokia OYJ | ||
4.38%, 06/12/27 | 100,000 | 95,983 |
6.63%, 05/15/39 | 100,000 | 96,598 |
NVIDIA Corp. | ||
3.20%, 09/16/26 (a) | 200,000 | 192,844 |
1.55%, 06/15/28 (a) | 200,000 | 177,076 |
2.85%, 04/01/30 (a) | 250,000 | 225,265 |
2.00%, 06/15/31 (a) | 150,000 | 125,363 |
3.50%, 04/01/40 (a) | 200,000 | 167,644 |
3.50%, 04/01/50 (a) | 325,000 | 255,235 |
3.70%, 04/01/60 (a) | 100,000 | 78,706 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a) | 250,000 | 249,712 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 175,000 | 169,281 |
4.30%, 06/18/29 (a) | 150,000 | 143,370 |
3.40%, 05/01/30 (a) | 200,000 | 179,350 |
2.50%, 05/11/31 (a) | 200,000 | 165,694 |
2.65%, 02/15/32 (a) | 200,000 | 164,412 |
5.00%, 01/15/33 (a) | 200,000 | 193,618 |
3.25%, 05/11/41 (a) | 100,000 | 73,739 |
3.13%, 02/15/42 (a) | 100,000 | 71,342 |
3.25%, 11/30/51 (a) | 100,000 | 67,370 |
Oracle Corp. | ||
2.50%, 04/01/25 (a) | 450,000 | 435,888 |
2.95%, 05/15/25 (a) | 451,000 | 437,750 |
5.80%, 11/10/25 | 200,000 | 201,644 |
1.65%, 03/25/26 (a) | 500,000 | 464,560 |
2.65%, 07/15/26 (a) | 500,000 | 471,050 |
2.80%, 04/01/27 (a) | 400,000 | 373,276 |
3.25%, 11/15/27 (a) | 500,000 | 469,030 |
2.30%, 03/25/28 (a) | 350,000 | 313,743 |
4.50%, 05/06/28 (a) | 100,000 | 98,130 |
6.15%, 11/09/29 (a) | 250,000 | 261,510 |
2.95%, 04/01/30 (a) | 600,000 | 529,476 |
4.65%, 05/06/30 (a) | 150,000 | 146,117 |
3.25%, 05/15/30 (a) | 150,000 | 134,621 |
2.88%, 03/25/31 (a) | 550,000 | 474,870 |
6.25%, 11/09/32 (a) | 400,000 | 422,632 |
4.90%, 02/06/33 (a) | 250,000 | 241,725 |
4.30%, 07/08/34 (a) | 300,000 | 272,280 |
3.90%, 05/15/35 (a) | 250,000 | 214,852 |
3.85%, 07/15/36 (a) | 200,000 | 168,390 |
3.80%, 11/15/37 (a) | 300,000 | 247,191 |
6.50%, 04/15/38 | 200,000 | 213,844 |
6.13%, 07/08/39 | 250,000 | 257,487 |
3.60%, 04/01/40 (a) | 500,000 | 386,590 |
5.38%, 07/15/40 | 400,000 | 382,828 |
3.65%, 03/25/41 (a) | 400,000 | 308,364 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 07/08/44 (a) | 230,000 | 193,492 |
4.13%, 05/15/45 (a) | 300,000 | 237,537 |
4.00%, 07/15/46 (a) | 470,000 | 361,961 |
4.00%, 11/15/47 (a) | 400,000 | 306,456 |
3.60%, 04/01/50 (a) | 800,000 | 564,520 |
3.95%, 03/25/51 (a) | 600,000 | 448,104 |
6.90%, 11/09/52 (a) | 400,000 | 451,684 |
5.55%, 02/06/53 (a) | 400,000 | 383,320 |
4.38%, 05/15/55 (a) | 225,000 | 176,742 |
3.85%, 04/01/60 (a) | 600,000 | 417,864 |
4.10%, 03/25/61 (a) | 200,000 | 146,732 |
PayPal Holdings, Inc. | ||
1.65%, 06/01/25 (a) | 150,000 | 143,627 |
2.65%, 10/01/26 (a) | 200,000 | 188,662 |
3.90%, 06/01/27 (a) | 100,000 | 96,744 |
2.85%, 10/01/29 (a) | 300,000 | 267,654 |
2.30%, 06/01/30 (a) | 200,000 | 170,356 |
4.40%, 06/01/32 (a) | 200,000 | 191,910 |
3.25%, 06/01/50 (a) | 150,000 | 104,597 |
5.05%, 06/01/52 (a) | 125,000 | 117,448 |
5.25%, 06/01/62 (a) | 125,000 | 116,515 |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 200,000 | 186,250 |
QUALCOMM, Inc. | ||
3.45%, 05/20/25 (a) | 250,000 | 244,890 |
3.25%, 05/20/27 (a) | 350,000 | 333,823 |
1.30%, 05/20/28 (a) | 217,000 | 188,825 |
2.15%, 05/20/30 (a) | 200,000 | 171,228 |
1.65%, 05/20/32 (a) | 133,000 | 103,949 |
4.25%, 05/20/32 (a) | 100,000 | 95,478 |
5.40%, 05/20/33 (a) | 150,000 | 155,590 |
4.65%, 05/20/35 (a) | 100,000 | 97,845 |
4.80%, 05/20/45 (a) | 250,000 | 235,060 |
4.30%, 05/20/47 (a) | 200,000 | 173,550 |
3.25%, 05/20/50 (a) | 175,000 | 127,864 |
4.50%, 05/20/52 (a) | 200,000 | 176,666 |
6.00%, 05/20/53 (a) | 225,000 | 246,901 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 150,000 | 143,328 |
3.00%, 05/22/30 (a) | 100,000 | 89,379 |
4.75%, 05/20/32 (a) | 100,000 | 98,360 |
Roper Technologies, Inc. | ||
1.00%, 09/15/25 (a) | 150,000 | 140,505 |
3.85%, 12/15/25 (a) | 100,000 | 97,578 |
3.80%, 12/15/26 (a) | 150,000 | 145,053 |
1.40%, 09/15/27 (a) | 150,000 | 132,603 |
2.95%, 09/15/29 (a) | 100,000 | 89,571 |
2.00%, 06/30/30 (a) | 100,000 | 83,116 |
1.75%, 02/15/31 (a) | 200,000 | 159,900 |
S&P Global, Inc. | ||
2.45%, 03/01/27 (a) | 200,000 | 186,494 |
4.75%, 08/01/28 (a) | 150,000 | 149,539 |
2.70%, 03/01/29 (a) | 250,000 | 226,325 |
4.25%, 05/01/29 (a) | 175,000 | 169,748 |
2.50%, 12/01/29 (a) | 100,000 | 88,161 |
1.25%, 08/15/30 (a) | 150,000 | 119,846 |
2.90%, 03/01/32 (a) | 300,000 | 258,627 |
5.25%, 09/15/33 (a)(d) | 150,000 | 151,764 |
3.25%, 12/01/49 (a) | 100,000 | 71,438 |
3.70%, 03/01/52 (a) | 150,000 | 116,142 |
2.30%, 08/15/60 (a) | 100,000 | 54,180 |
3.90%, 03/01/62 (a) | 100,000 | 78,059 |
Salesforce, Inc. | ||
3.70%, 04/11/28 (a) | 300,000 | 289,575 |
1.50%, 07/15/28 (a) | 150,000 | 131,279 |
1.95%, 07/15/31 (a) | 300,000 | 245,823 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.70%, 07/15/41 (a) | 250,000 | 178,522 |
2.90%, 07/15/51 (a) | 350,000 | 233,086 |
3.05%, 07/15/61 (a) | 150,000 | 96,638 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 300,000 | 240,894 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 100,000 | 92,530 |
3.00%, 06/01/31 (a) | 100,000 | 83,951 |
TD SYNNEX Corp. | ||
1.75%, 08/09/26 (a) | 150,000 | 136,782 |
2.38%, 08/09/28 (a) | 200,000 | 174,720 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 150,000 | 126,848 |
Tencent Music Entertainment Group | ||
1.38%, 09/03/25 (a) | 200,000 | 188,190 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 150,000 | 144,305 |
1.13%, 09/15/26 (a) | 150,000 | 136,980 |
4.60%, 02/08/27 (a) | 125,000 | 124,589 |
2.90%, 11/03/27 (a) | 75,000 | 70,447 |
4.60%, 02/15/28 (a) | 150,000 | 149,829 |
4.60%, 02/08/29 (a) | 125,000 | 124,375 |
2.25%, 09/04/29 (a) | 100,000 | 88,307 |
1.75%, 05/04/30 (a) | 100,000 | 83,781 |
1.90%, 09/15/31 (a) | 100,000 | 82,626 |
3.65%, 08/16/32 (a) | 100,000 | 91,954 |
4.90%, 03/14/33 (a) | 200,000 | 200,354 |
4.85%, 02/08/34 (a) | 100,000 | 99,459 |
3.88%, 03/15/39 (a) | 150,000 | 132,092 |
4.15%, 05/15/48 (a) | 300,000 | 255,006 |
2.70%, 09/15/51 (a) | 100,000 | 64,291 |
5.00%, 03/14/53 (a) | 100,000 | 96,843 |
5.15%, 02/08/54 (a) | 150,000 | 148,744 |
5.05%, 05/18/63 (a) | 300,000 | 287,199 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 100,000 | 95,983 |
5.50%, 08/15/35 | 100,000 | 101,745 |
5.65%, 11/23/43 (a) | 75,000 | 72,945 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 100,000 | 99,185 |
6.10%, 03/15/33 (a) | 150,000 | 156,733 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 250,000 | 229,792 |
3.88%, 04/22/27 (a) | 200,000 | 193,942 |
2.50%, 10/25/31 (a) | 250,000 | 211,800 |
4.25%, 04/22/32 (a) | 200,000 | 193,412 |
3.13%, 10/25/41 (a) | 250,000 | 198,645 |
4.50%, 04/22/52 (a)(c) | 200,000 | 192,632 |
Tyco Electronics Group SA | ||
4.50%, 02/13/26 | 100,000 | 98,880 |
3.70%, 02/15/26 (a) | 100,000 | 97,375 |
3.13%, 08/15/27 (a) | 100,000 | 94,603 |
2.50%, 02/04/32 (a) | 100,000 | 84,751 |
7.13%, 10/01/37 | 100,000 | 115,000 |
VeriSign, Inc. | ||
4.75%, 07/15/27 (a) | 150,000 | 147,153 |
2.70%, 06/15/31 (a) | 100,000 | 83,183 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 147,391 |
4.13%, 03/15/29 (a) | 150,000 | 144,081 |
5.75%, 04/01/33 (a) | 100,000 | 103,423 |
5.50%, 06/15/45 (a) | 50,000 | 47,845 |
3.63%, 05/15/50 (a) | 100,000 | 73,423 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 800,000 | 776,072 |
1.90%, 04/15/27 (a) | 300,000 | 276,315 |
0.75%, 08/15/27 (a) | 150,000 | 131,801 |
2.05%, 04/15/30 (a) | 300,000 | 257,565 |
1.10%, 02/15/31 (a) | 200,000 | 158,118 |
4.15%, 12/14/35 (a) | 330,000 | 309,748 |
2.70%, 04/15/40 (a) | 150,000 | 111,063 |
4.30%, 12/14/45 (a) | 595,000 | 531,043 |
3.65%, 09/15/47 (a) | 100,000 | 79,714 |
2.00%, 08/15/50 (a) | 250,000 | 145,753 |
VMware LLC | ||
4.50%, 05/15/25 (a) | 150,000 | 148,383 |
1.40%, 08/15/26 (a) | 100,000 | 90,950 |
4.65%, 05/15/27 (a) | 50,000 | 48,959 |
3.90%, 08/21/27 (a) | 200,000 | 190,764 |
1.80%, 08/15/28 (a) | 200,000 | 173,300 |
4.70%, 05/15/30 (a) | 150,000 | 144,356 |
2.20%, 08/15/31 (a) | 250,000 | 201,832 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 100,000 | 84,379 |
3.10%, 02/01/32 (a) | 100,000 | 78,080 |
Western Union Co. | ||
1.35%, 03/15/26 (a) | 200,000 | 184,208 |
6.20%, 11/17/36 | 100,000 | 100,998 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 200,000 | 190,464 |
3.70%, 04/01/29 (a) | 150,000 | 140,304 |
3.80%, 04/01/32 (a) | 150,000 | 135,671 |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 200,000 | 173,176 |
107,771,426 | ||
Transportation 0.5% | ||
American Airlines 2012-1 Class AA Pass-Through Trust | ||
2.88%, 01/11/36 | 137,935 | 116,548 |
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 03/22/29 | 128,941 | 121,113 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 128,630 | 120,214 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 131,528 | 120,409 |
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 08/15/30 | 99,375 | 91,988 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 08/15/33 | 93,960 | 82,605 |
Burlington Northern Santa Fe LLC | ||
3.65%, 09/01/25 (a) | 100,000 | 97,874 |
3.25%, 06/15/27 (a) | 200,000 | 190,884 |
6.20%, 08/15/36 | 50,000 | 54,751 |
5.75%, 05/01/40 (a) | 100,000 | 104,705 |
5.05%, 03/01/41 (a) | 100,000 | 97,138 |
5.40%, 06/01/41 (a) | 100,000 | 100,785 |
4.95%, 09/15/41 (a) | 100,000 | 95,471 |
4.40%, 03/15/42 (a) | 100,000 | 88,980 |
4.38%, 09/01/42 (a) | 150,000 | 133,014 |
4.45%, 03/15/43 (a) | 200,000 | 177,946 |
5.15%, 09/01/43 (a) | 100,000 | 97,618 |
4.90%, 04/01/44 (a) | 100,000 | 94,597 |
4.55%, 09/01/44 (a) | 90,000 | 80,676 |
4.15%, 04/01/45 (a) | 250,000 | 211,032 |
4.70%, 09/01/45 (a) | 100,000 | 91,676 |
3.90%, 08/01/46 (a) | 100,000 | 80,775 |
4.13%, 06/15/47 (a) | 100,000 | 83,771 |
4.05%, 06/15/48 (a) | 200,000 | 165,736 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.15%, 12/15/48 (a) | 200,000 | 167,110 |
3.55%, 02/15/50 (a) | 100,000 | 75,542 |
3.05%, 02/15/51 (a) | 100,000 | 67,952 |
3.30%, 09/15/51 (a) | 200,000 | 143,032 |
2.88%, 06/15/52 (a) | 150,000 | 97,868 |
4.45%, 01/15/53 (a) | 200,000 | 175,772 |
5.20%, 04/15/54 (a) | 300,000 | 293,835 |
Canadian National Railway Co. | ||
2.75%, 03/01/26 (a) | 100,000 | 95,965 |
6.90%, 07/15/28 | 150,000 | 161,787 |
3.85%, 08/05/32 (a) | 150,000 | 138,204 |
5.85%, 11/01/33 (a) | 100,000 | 106,319 |
6.20%, 06/01/36 | 150,000 | 163,608 |
3.20%, 08/02/46 (a) | 150,000 | 111,335 |
3.65%, 02/03/48 (a) | 100,000 | 79,401 |
4.45%, 01/20/49 (a) | 150,000 | 134,268 |
2.45%, 05/01/50 (a) | 200,000 | 124,872 |
Canadian Pacific Railway Co. | ||
1.75%, 12/02/26 (a) | 200,000 | 183,426 |
4.00%, 06/01/28 (a) | 100,000 | 96,238 |
2.88%, 11/15/29 (a) | 150,000 | 133,572 |
2.05%, 03/05/30 (a) | 100,000 | 84,346 |
2.45%, 12/02/31 (a) | 300,000 | 266,679 |
4.80%, 09/15/35 (a) | 50,000 | 47,911 |
5.95%, 05/15/37 | 100,000 | 103,483 |
3.00%, 12/02/41 (a) | 200,000 | 172,002 |
4.30%, 05/15/43 (a) | 100,000 | 85,730 |
4.80%, 08/01/45 (a) | 100,000 | 90,681 |
4.95%, 08/15/45 (a) | 100,000 | 91,907 |
4.70%, 05/01/48 (a) | 75,000 | 66,059 |
3.50%, 05/01/50 (a) | 100,000 | 73,131 |
3.10%, 12/02/51 (a) | 325,000 | 221,234 |
4.20%, 11/15/69 (a) | 100,000 | 78,446 |
6.13%, 09/15/15 (a) | 100,000 | 105,719 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 150,000 | 144,754 |
CSX Corp. | ||
3.35%, 11/01/25 (a) | 100,000 | 97,100 |
2.60%, 11/01/26 (a) | 100,000 | 94,342 |
3.25%, 06/01/27 (a) | 150,000 | 142,402 |
3.80%, 03/01/28 (a) | 200,000 | 192,414 |
4.25%, 03/15/29 (a) | 150,000 | 146,197 |
2.40%, 02/15/30 (a) | 100,000 | 86,875 |
4.10%, 11/15/32 (a) | 150,000 | 140,156 |
5.20%, 11/15/33 (a) | 150,000 | 151,174 |
6.15%, 05/01/37 | 150,000 | 162,721 |
6.22%, 04/30/40 | 100,000 | 108,488 |
5.50%, 04/15/41 (a) | 100,000 | 101,090 |
4.75%, 05/30/42 (a) | 150,000 | 138,393 |
4.10%, 03/15/44 (a) | 200,000 | 168,450 |
3.80%, 11/01/46 (a) | 100,000 | 78,854 |
4.30%, 03/01/48 (a) | 100,000 | 85,466 |
4.75%, 11/15/48 (a) | 100,000 | 91,320 |
4.50%, 03/15/49 (a) | 150,000 | 131,198 |
3.35%, 09/15/49 (a) | 100,000 | 71,846 |
3.80%, 04/15/50 (a) | 100,000 | 77,924 |
3.95%, 05/01/50 (a) | 100,000 | 80,245 |
2.50%, 05/15/51 (a) | 100,000 | 60,992 |
4.50%, 11/15/52 (a) | 100,000 | 87,686 |
4.50%, 08/01/54 (a) | 100,000 | 87,153 |
4.25%, 11/01/66 (a) | 100,000 | 79,937 |
4.65%, 03/01/68 (a) | 50,000 | 43,087 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 79,072 | 70,664 |
FedEx Corp. 2020-1 Class AA Pass-Through Trust | ||
1.88%, 08/20/35 | 203,212 | 166,938 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 150,000 | 144,586 |
3.40%, 02/15/28 (a) | 150,000 | 141,664 |
3.10%, 08/05/29 (a) | 200,000 | 181,514 |
4.25%, 05/15/30 (a) | 150,000 | 143,230 |
2.40%, 05/15/31 (a) | 150,000 | 125,403 |
4.90%, 01/15/34 | 150,000 | 145,785 |
3.90%, 02/01/35 | 50,000 | 44,088 |
3.25%, 05/15/41 (a) | 100,000 | 73,938 |
3.88%, 08/01/42 | 150,000 | 119,238 |
4.10%, 04/15/43 | 100,000 | 81,670 |
5.10%, 01/15/44 | 75,000 | 69,548 |
4.10%, 02/01/45 | 150,000 | 120,494 |
4.75%, 11/15/45 (a) | 300,000 | 262,902 |
4.55%, 04/01/46 (a) | 150,000 | 127,875 |
4.40%, 01/15/47 (a) | 100,000 | 83,152 |
4.05%, 02/15/48 (a) | 150,000 | 118,251 |
4.95%, 10/17/48 (a) | 150,000 | 135,380 |
5.25%, 05/15/50 (a) | 200,000 | 188,912 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 75,000 | 69,246 |
2.65%, 07/15/31 (a) | 100,000 | 81,272 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 150,000 | 146,491 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 11/15/33 | 81,711 | 69,222 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
4.00%, 05/15/34 | 80,369 | 73,602 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 100,000 | 95,659 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25 (a) | 100,000 | 97,854 |
2.90%, 06/15/26 (a) | 200,000 | 190,626 |
3.15%, 06/01/27 (a) | 50,000 | 47,398 |
3.80%, 08/01/28 (a) | 150,000 | 143,622 |
2.55%, 11/01/29 (a) | 100,000 | 88,003 |
3.00%, 03/15/32 (a) | 100,000 | 86,043 |
4.45%, 03/01/33 (a) | 100,000 | 95,293 |
3.95%, 10/01/42 (a) | 130,000 | 106,835 |
4.45%, 06/15/45 (a) | 150,000 | 129,359 |
4.65%, 01/15/46 (a) | 150,000 | 133,455 |
3.94%, 11/01/47 (a) | 125,000 | 98,948 |
4.15%, 02/28/48 (a) | 100,000 | 82,784 |
4.10%, 05/15/49 (a) | 100,000 | 81,368 |
3.40%, 11/01/49 (a) | 100,000 | 72,789 |
3.05%, 05/15/50 (a) | 100,000 | 67,068 |
2.90%, 08/25/51 (a) | 100,000 | 64,570 |
4.05%, 08/15/52 (a) | 150,000 | 119,882 |
3.70%, 03/15/53 (a) | 75,000 | 55,884 |
4.55%, 06/01/53 (a) | 150,000 | 130,160 |
5.35%, 08/01/54 (a) | 200,000 | 196,424 |
3.16%, 05/15/55 (a) | 125,000 | 82,124 |
5.95%, 03/15/64 (a) | 100,000 | 105,577 |
5.10%, 08/01/18 (a) | 50,000 | 43,633 |
4.10%, 05/15/21 (a) | 100,000 | 72,459 |
Ryder System, Inc. | ||
4.63%, 06/01/25 (a) | 150,000 | 148,654 |
3.35%, 09/01/25 (a) | 50,000 | 48,482 |
2.90%, 12/01/26 (a) | 100,000 | 94,030 |
2.85%, 03/01/27 (a) | 100,000 | 93,618 |
5.25%, 06/01/28 (a) | 100,000 | 100,226 |
6.30%, 12/01/28 (a) | 100,000 | 104,245 |
6.60%, 12/01/33 (a) | 100,000 | 107,136 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 220,000 | 219,408 |
3.00%, 11/15/26 (a) | 95,000 | 89,740 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.13%, 06/15/27 (a) | 300,000 | 299,100 |
3.45%, 11/16/27 (a) | 100,000 | 94,111 |
2.63%, 02/10/30 (a) | 150,000 | 129,756 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 100,000 | 79,646 |
Union Pacific Corp. | ||
2.75%, 03/01/26 (a) | 150,000 | 143,677 |
3.00%, 04/15/27 (a) | 200,000 | 189,398 |
3.95%, 09/10/28 (a) | 250,000 | 242,627 |
3.70%, 03/01/29 (a) | 150,000 | 143,076 |
2.40%, 02/05/30 (a) | 200,000 | 174,286 |
2.38%, 05/20/31 (a) | 200,000 | 169,116 |
2.80%, 02/14/32 (a) | 250,000 | 214,747 |
4.50%, 01/20/33 (a) | 200,000 | 193,678 |
2.89%, 04/06/36 (a) | 150,000 | 121,247 |
3.60%, 09/15/37 (a) | 150,000 | 128,364 |
3.55%, 08/15/39 (a) | 100,000 | 82,235 |
3.20%, 05/20/41 (a) | 200,000 | 154,204 |
4.05%, 11/15/45 (a) | 75,000 | 61,590 |
4.05%, 03/01/46 (a) | 150,000 | 123,869 |
4.00%, 04/15/47 (a) | 75,000 | 61,250 |
4.50%, 09/10/48 (a) | 100,000 | 87,877 |
4.30%, 03/01/49 (a) | 100,000 | 84,976 |
3.25%, 02/05/50 (a) | 350,000 | 252,668 |
3.80%, 10/01/51 (a) | 150,000 | 118,545 |
2.95%, 03/10/52 (a) | 100,000 | 66,930 |
4.95%, 09/09/52 (a) | 150,000 | 143,974 |
3.50%, 02/14/53 (a) | 150,000 | 111,695 |
4.95%, 05/15/53 (a) | 100,000 | 95,777 |
3.88%, 02/01/55 (a) | 50,000 | 38,947 |
3.95%, 08/15/59 (a) | 100,000 | 77,675 |
3.84%, 03/20/60 (a) | 250,000 | 189,842 |
3.55%, 05/20/61 (a) | 100,000 | 71,609 |
2.97%, 09/16/62 (a) | 150,000 | 93,108 |
5.15%, 01/20/63 (a) | 100,000 | 95,958 |
4.10%, 09/15/67 (a) | 100,000 | 78,864 |
3.75%, 02/05/70 (a) | 125,000 | 91,476 |
3.80%, 04/06/71 (a) | 150,000 | 110,015 |
3.85%, 02/14/72 (a) | 100,000 | 74,366 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 | 80,258 | 77,254 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 83,000 | 79,603 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 98,553 | 89,606 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 04/07/30 | 68,785 | 62,094 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 113,932 | 104,057 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 70,383 | 65,171 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 83,347 | 70,993 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 | 299,485 | 301,486 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 83,400 | 82,224 |
United Airlines 2023-1 Class A Pass-Through Trust | ||
5.80%, 07/15/37 | 300,000 | 302,733 |
United Parcel Service, Inc. | ||
3.90%, 04/01/25 (a) | 150,000 | 147,994 |
3.05%, 11/15/27 (a) | 250,000 | 235,040 |
3.40%, 03/15/29 (a) | 100,000 | 94,475 |
4.45%, 04/01/30 (a) | 150,000 | 147,624 |
4.88%, 03/03/33 (a) | 150,000 | 148,953 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.20%, 01/15/38 | 295,000 | 322,904 |
5.20%, 04/01/40 (a) | 100,000 | 99,616 |
4.88%, 11/15/40 (a) | 100,000 | 96,012 |
3.40%, 11/15/46 (a) | 100,000 | 76,614 |
3.75%, 11/15/47 (a) | 150,000 | 118,919 |
4.25%, 03/15/49 (a) | 100,000 | 86,099 |
3.40%, 09/01/49 (a) | 100,000 | 75,017 |
5.30%, 04/01/50 (a) | 225,000 | 225,970 |
5.05%, 03/03/53 (a) | 200,000 | 194,234 |
24,061,396 | ||
664,439,808 | ||
Utility 2.2% | ||
Electric 2.0% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 250,000 | 239,202 |
2.10%, 07/01/30 (a) | 175,000 | 145,000 |
4.15%, 05/01/49 (a) | 100,000 | 78,754 |
3.45%, 05/15/51 (a) | 100,000 | 69,112 |
5.25%, 05/15/52 (a) | 100,000 | 93,889 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 150,000 | 115,482 |
4.25%, 09/15/48 (a) | 100,000 | 83,218 |
3.80%, 06/15/49 (a) | 100,000 | 76,450 |
3.15%, 09/15/49 (a) | 75,000 | 51,383 |
3.65%, 04/01/50 (a) | 100,000 | 75,721 |
4.50%, 06/15/52 (a) | 100,000 | 86,876 |
5.40%, 03/15/53 (a) | 100,000 | 98,821 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 138,657 |
5.45%, 06/01/28 (a) | 200,000 | 199,440 |
2.45%, 01/15/31 (a) | 200,000 | 163,606 |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 100,000 | 96,047 |
1.45%, 09/15/30 (a) | 150,000 | 120,588 |
3.05%, 03/15/32 (a) | 150,000 | 130,242 |
5.85%, 11/15/33 (a) | 75,000 | 78,587 |
6.00%, 03/01/39 | 100,000 | 105,406 |
3.85%, 12/01/42 | 150,000 | 121,661 |
4.15%, 08/15/44 (a) | 100,000 | 83,451 |
3.75%, 03/01/45 (a) | 100,000 | 78,357 |
3.70%, 12/01/47 (a) | 100,000 | 76,456 |
4.30%, 07/15/48 (a) | 150,000 | 125,708 |
3.45%, 10/01/49 (a) | 100,000 | 73,108 |
3.13%, 07/15/51 (a) | 100,000 | 68,095 |
3.00%, 03/15/52 (a) | 150,000 | 100,032 |
Ameren Corp. | ||
5.70%, 12/01/26 (a) | 100,000 | 101,193 |
1.95%, 03/15/27 (a) | 150,000 | 137,125 |
1.75%, 03/15/28 (a) | 50,000 | 43,988 |
5.00%, 01/15/29 (a) | 100,000 | 99,189 |
3.50%, 01/15/31 (a) | 200,000 | 180,272 |
Ameren Illinois Co. | ||
3.85%, 09/01/32 (a) | 100,000 | 91,202 |
4.95%, 06/01/33 (a) | 100,000 | 98,433 |
4.15%, 03/15/46 (a) | 150,000 | 124,799 |
3.70%, 12/01/47 (a) | 100,000 | 77,052 |
4.50%, 03/15/49 (a) | 100,000 | 87,141 |
2.90%, 06/15/51 (a) | 100,000 | 65,245 |
5.90%, 12/01/52 (a) | 50,000 | 53,152 |
American Electric Power Co., Inc. | ||
5.75%, 11/01/27 (a) | 150,000 | 153,096 |
3.20%, 11/13/27 (a) | 150,000 | 140,440 |
4.30%, 12/01/28 (a) | 100,000 | 96,373 |
5.20%, 01/15/29 (a) | 150,000 | 149,886 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.30%, 03/01/30 (a) | 150,000 | 126,936 |
5.63%, 03/01/33 (a) | 150,000 | 151,161 |
3.25%, 03/01/50 (a) | 150,000 | 102,729 |
3.88%, 02/15/62 (a)(b) | 150,000 | 133,907 |
Appalachian Power Co. | ||
3.30%, 06/01/27 (a) | 100,000 | 94,161 |
2.70%, 04/01/31 (a) | 150,000 | 126,918 |
7.00%, 04/01/38 | 100,000 | 112,016 |
4.50%, 03/01/49 (a) | 100,000 | 81,167 |
3.70%, 05/01/50 (a) | 200,000 | 143,288 |
Arizona Public Service Co. | ||
2.60%, 08/15/29 (a) | 100,000 | 88,223 |
6.35%, 12/15/32 (a) | 100,000 | 106,195 |
5.55%, 08/01/33 (a) | 150,000 | 150,760 |
4.50%, 04/01/42 (a) | 150,000 | 127,854 |
4.25%, 03/01/49 (a) | 100,000 | 79,965 |
3.35%, 05/15/50 (a) | 250,000 | 171,327 |
2.65%, 09/15/50 (a) | 150,000 | 89,147 |
Atlantic City Electric Co. | ||
4.00%, 10/15/28 (a) | 100,000 | 96,402 |
2.30%, 03/15/31 (a) | 100,000 | 82,614 |
Avangrid, Inc. | ||
3.20%, 04/15/25 (a) | 150,000 | 145,950 |
3.80%, 06/01/29 (a) | 100,000 | 93,253 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 100,000 | 82,838 |
Baltimore Gas & Electric Co. | ||
2.25%, 06/15/31 (a) | 100,000 | 83,368 |
6.35%, 10/01/36 | 100,000 | 107,041 |
3.50%, 08/15/46 (a) | 150,000 | 110,801 |
3.20%, 09/15/49 (a) | 150,000 | 103,154 |
4.55%, 06/01/52 (a) | 100,000 | 87,008 |
5.40%, 06/01/53 (a) | 150,000 | 147,234 |
Berkshire Hathaway Energy Co. | ||
4.05%, 04/15/25 (a) | 200,000 | 197,268 |
3.25%, 04/15/28 (a) | 150,000 | 140,634 |
3.70%, 07/15/30 (a) | 150,000 | 138,829 |
1.65%, 05/15/31 (a) | 75,000 | 59,400 |
6.13%, 04/01/36 | 298,000 | 314,515 |
5.95%, 05/15/37 | 100,000 | 103,739 |
5.15%, 11/15/43 (a) | 100,000 | 96,089 |
4.50%, 02/01/45 (a) | 150,000 | 132,416 |
3.80%, 07/15/48 (a) | 150,000 | 113,997 |
4.45%, 01/15/49 (a) | 175,000 | 147,464 |
4.25%, 10/15/50 (a) | 100,000 | 80,719 |
2.85%, 05/15/51 (a) | 250,000 | 159,600 |
4.60%, 05/01/53 (a) | 200,000 | 171,480 |
Black Hills Corp. | ||
3.15%, 01/15/27 (a) | 350,000 | 330,743 |
2.50%, 06/15/30 (a) | 50,000 | 41,642 |
4.35%, 05/01/33 (a) | 150,000 | 136,781 |
3.88%, 10/15/49 (a) | 100,000 | 72,650 |
CenterPoint Energy Houston Electric LLC | ||
3.00%, 02/01/27 (a) | 150,000 | 142,402 |
5.20%, 10/01/28 (a) | 275,000 | 277,607 |
4.45%, 10/01/32 (a) | 150,000 | 142,900 |
4.95%, 04/01/33 (a) | 100,000 | 98,599 |
4.50%, 04/01/44 (a) | 100,000 | 88,453 |
4.25%, 02/01/49 (a) | 100,000 | 84,577 |
2.90%, 07/01/50 (a) | 200,000 | 132,054 |
3.35%, 04/01/51 (a) | 150,000 | 108,339 |
3.60%, 03/01/52 (a) | 100,000 | 75,332 |
5.30%, 04/01/53 (a) | 75,000 | 74,719 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CenterPoint Energy, Inc. | ||
2.95%, 03/01/30 (a) | 100,000 | 88,470 |
2.65%, 06/01/31 (a) | 75,000 | 63,052 |
3.70%, 09/01/49 (a) | 100,000 | 73,133 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 150,000 | 144,337 |
4.97%, 05/01/46 (a) | 75,000 | 62,175 |
CMS Energy Corp. | ||
3.45%, 08/15/27 (a) | 100,000 | 94,748 |
4.88%, 03/01/44 (a) | 100,000 | 92,250 |
4.75%, 06/01/50 (a)(b) | 100,000 | 91,491 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 100,000 | 94,642 |
2.95%, 08/15/27 (a) | 150,000 | 140,662 |
2.20%, 03/01/30 (a) | 100,000 | 85,168 |
5.90%, 03/15/36 | 150,000 | 157,024 |
3.80%, 10/01/42 (a) | 100,000 | 80,342 |
4.60%, 08/15/43 (a) | 100,000 | 90,426 |
4.70%, 01/15/44 (a) | 100,000 | 90,226 |
3.70%, 03/01/45 (a) | 100,000 | 78,105 |
4.35%, 11/15/45 (a) | 100,000 | 85,309 |
3.65%, 06/15/46 (a) | 100,000 | 76,340 |
3.75%, 08/15/47 (a) | 150,000 | 114,887 |
4.00%, 03/01/48 (a) | 150,000 | 120,305 |
4.00%, 03/01/49 (a) | 150,000 | 119,882 |
3.20%, 11/15/49 (a) | 100,000 | 68,869 |
3.00%, 03/01/50 (a) | 150,000 | 99,020 |
3.13%, 03/15/51 (a) | 200,000 | 134,204 |
Connecticut Light & Power Co. | ||
0.75%, 12/01/25 (a) | 100,000 | 92,858 |
4.65%, 01/01/29 (a) | 75,000 | 73,762 |
2.05%, 07/01/31 (a) | 100,000 | 81,293 |
4.30%, 04/15/44 (a) | 75,000 | 64,059 |
4.00%, 04/01/48 (a) | 150,000 | 122,123 |
5.25%, 01/15/53 (a) | 150,000 | 145,674 |
Consolidated Edison Co. of New York, Inc. | ||
4.00%, 12/01/28 (a) | 50,000 | 48,267 |
3.35%, 04/01/30 (a) | 200,000 | 183,214 |
2.40%, 06/15/31 (a) | 200,000 | 168,634 |
5.20%, 03/01/33 (a) | 100,000 | 101,002 |
5.50%, 03/15/34 (a) | 100,000 | 102,244 |
5.30%, 03/01/35 | 80,000 | 79,650 |
5.85%, 03/15/36 | 150,000 | 154,705 |
6.30%, 08/15/37 | 100,000 | 106,977 |
6.75%, 04/01/38 | 100,000 | 112,022 |
5.50%, 12/01/39 | 100,000 | 99,866 |
4.20%, 03/15/42 | 50,000 | 41,874 |
4.45%, 03/15/44 (a) | 230,000 | 199,714 |
4.50%, 12/01/45 (a) | 150,000 | 130,071 |
3.85%, 06/15/46 (a) | 100,000 | 78,654 |
3.88%, 06/15/47 (a) | 150,000 | 116,712 |
4.65%, 12/01/48 (a) | 100,000 | 87,757 |
4.13%, 05/15/49 (a) | 100,000 | 81,036 |
3.95%, 04/01/50 (a) | 150,000 | 120,221 |
6.15%, 11/15/52 (a) | 150,000 | 162,738 |
5.90%, 11/15/53 (a) | 150,000 | 157,696 |
4.63%, 12/01/54 (a) | 100,000 | 86,007 |
4.30%, 12/01/56 (a) | 150,000 | 123,002 |
4.00%, 11/15/57 (a) | 100,000 | 78,187 |
4.50%, 05/15/58 (a) | 100,000 | 84,226 |
3.70%, 11/15/59 (a) | 100,000 | 71,545 |
3.00%, 12/01/60 (a) | 100,000 | 60,917 |
3.60%, 06/15/61 (a) | 200,000 | 143,830 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 250,000 | 242,977 |
5.60%, 03/01/28 (a) | 150,000 | 152,059 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.80%, 03/01/33 (a) | 150,000 | 153,415 |
6.25%, 10/01/39 | 162,000 | 167,492 |
5.75%, 10/01/41 (a) | 100,000 | 98,711 |
5.60%, 06/15/42 (a) | 100,000 | 97,610 |
6.50%, 10/01/53 (a) | 175,000 | 192,442 |
Consumers Energy Co. | ||
4.65%, 03/01/28 (a) | 200,000 | 198,936 |
4.90%, 02/15/29 (a) | 100,000 | 99,826 |
4.63%, 05/15/33 (a) | 125,000 | 120,943 |
3.95%, 05/15/43 (a) | 230,000 | 193,050 |
4.05%, 05/15/48 (a) | 100,000 | 83,435 |
4.35%, 04/15/49 (a) | 100,000 | 86,726 |
3.10%, 08/15/50 (a) | 100,000 | 69,119 |
3.50%, 08/01/51 (a) | 200,000 | 149,268 |
2.50%, 05/01/60 (a) | 200,000 | 111,408 |
Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 100,000 | 74,364 |
Dominion Energy South Carolina, Inc. | ||
5.30%, 05/15/33 | 150,000 | 151,020 |
6.05%, 01/15/38 | 100,000 | 106,098 |
5.45%, 02/01/41 (a) | 100,000 | 98,862 |
6.25%, 10/15/53 (a) | 100,000 | 110,632 |
5.10%, 06/01/65 (a) | 100,000 | 92,303 |
Dominion Energy, Inc. | ||
3.90%, 10/01/25 (a) | 150,000 | 146,514 |
1.45%, 04/15/26 (a) | 100,000 | 92,372 |
2.85%, 08/15/26 (a) | 150,000 | 141,637 |
4.25%, 06/01/28 (a) | 150,000 | 144,888 |
3.38%, 04/01/30 (a) | 350,000 | 315,252 |
5.38%, 11/15/32 (a) | 150,000 | 149,292 |
5.25%, 08/01/33 | 180,000 | 176,872 |
5.95%, 06/15/35 | 100,000 | 101,961 |
7.00%, 06/15/38 | 100,000 | 109,170 |
4.90%, 08/01/41 (a) | 100,000 | 89,785 |
4.05%, 09/15/42 (a) | 100,000 | 79,498 |
4.70%, 12/01/44 (a) | 50,000 | 43,194 |
4.60%, 03/15/49 (a) | 100,000 | 84,622 |
4.85%, 08/15/52 (a) | 100,000 | 87,547 |
DTE Electric Co. | ||
1.90%, 04/01/28 (a) | 100,000 | 89,091 |
2.25%, 03/01/30 (a) | 150,000 | 128,916 |
2.63%, 03/01/31 (a) | 200,000 | 171,998 |
5.20%, 04/01/33 (a) | 150,000 | 151,104 |
3.70%, 03/15/45 (a) | 250,000 | 197,527 |
3.75%, 08/15/47 (a) | 150,000 | 115,821 |
4.05%, 05/15/48 (a) | 100,000 | 81,309 |
3.95%, 03/01/49 (a) | 150,000 | 121,154 |
2.95%, 03/01/50 (a) | 100,000 | 66,385 |
5.40%, 04/01/53 (a) | 150,000 | 148,876 |
DTE Energy Co. | ||
1.05%, 06/01/25 (a) | 200,000 | 189,528 |
2.85%, 10/01/26 (a) | 200,000 | 188,524 |
4.88%, 06/01/28 (a) | 150,000 | 148,047 |
5.10%, 03/01/29 (a) | 200,000 | 198,486 |
3.40%, 06/15/29 (a) | 100,000 | 91,599 |
2.95%, 03/01/30 (a) | 100,000 | 87,655 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 150,000 | 142,929 |
3.95%, 11/15/28 (a) | 150,000 | 144,448 |
2.45%, 08/15/29 (a) | 150,000 | 132,398 |
2.45%, 02/01/30 (a) | 100,000 | 87,518 |
6.45%, 10/15/32 | 130,000 | 141,116 |
4.95%, 01/15/33 (a) | 200,000 | 196,994 |
6.00%, 01/15/38 | 100,000 | 105,237 |
6.05%, 04/15/38 | 150,000 | 157,624 |
5.30%, 02/15/40 | 150,000 | 147,264 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 12/15/41 (a) | 155,000 | 131,169 |
3.75%, 06/01/45 (a) | 150,000 | 115,974 |
3.88%, 03/15/46 (a) | 100,000 | 78,451 |
3.70%, 12/01/47 (a) | 150,000 | 112,145 |
3.95%, 03/15/48 (a) | 100,000 | 78,993 |
3.20%, 08/15/49 (a) | 150,000 | 103,848 |
3.45%, 04/15/51 (a) | 150,000 | 107,099 |
3.55%, 03/15/52 (a) | 100,000 | 71,697 |
5.35%, 01/15/53 (a) | 150,000 | 146,454 |
5.40%, 01/15/54 (a) | 150,000 | 146,703 |
Duke Energy Corp. | ||
0.90%, 09/15/25 (a) | 200,000 | 187,190 |
2.65%, 09/01/26 (a) | 300,000 | 282,444 |
3.15%, 08/15/27 (a) | 200,000 | 187,438 |
4.30%, 03/15/28 (a) | 175,000 | 170,016 |
3.40%, 06/15/29 (a) | 50,000 | 46,088 |
2.45%, 06/01/30 (a) | 250,000 | 214,000 |
2.55%, 06/15/31 (a) | 200,000 | 166,798 |
4.50%, 08/15/32 (a) | 200,000 | 187,842 |
5.75%, 09/15/33 (a) | 100,000 | 101,929 |
4.80%, 12/15/45 (a) | 200,000 | 175,614 |
3.75%, 09/01/46 (a) | 250,000 | 186,392 |
3.95%, 08/15/47 (a) | 100,000 | 76,170 |
4.20%, 06/15/49 (a) | 100,000 | 79,129 |
3.50%, 06/15/51 (a) | 200,000 | 138,334 |
5.00%, 08/15/52 (a) | 200,000 | 178,628 |
6.10%, 09/15/53 (a) | 100,000 | 104,120 |
3.25%, 01/15/82 (a)(b) | 100,000 | 84,902 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 255,000 | 243,545 |
3.80%, 07/15/28 (a) | 150,000 | 144,055 |
1.75%, 06/15/30 (a) | 150,000 | 123,840 |
2.40%, 12/15/31 (a) | 100,000 | 82,825 |
5.88%, 11/15/33 (a) | 100,000 | 104,803 |
6.35%, 09/15/37 | 150,000 | 160,653 |
6.40%, 06/15/38 | 200,000 | 215,964 |
3.40%, 10/01/46 (a) | 75,000 | 54,077 |
4.20%, 07/15/48 (a) | 150,000 | 123,572 |
3.00%, 12/15/51 (a) | 100,000 | 64,779 |
5.95%, 11/15/52 (a) | 50,000 | 52,542 |
6.20%, 11/15/53 (a) | 125,000 | 135,570 |
Duke Energy Indiana LLC | ||
6.12%, 10/15/35 | 100,000 | 104,234 |
6.35%, 08/15/38 | 200,000 | 214,762 |
4.90%, 07/15/43 (a) | 100,000 | 91,982 |
3.25%, 10/01/49 (a) | 150,000 | 104,313 |
2.75%, 04/01/50 (a) | 100,000 | 62,317 |
Duke Energy Ohio, Inc. | ||
2.13%, 06/01/30 (a) | 150,000 | 126,180 |
4.30%, 02/01/49 (a) | 100,000 | 82,059 |
5.65%, 04/01/53 (a) | 100,000 | 101,122 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28 (a) | 200,000 | 190,800 |
2.00%, 08/15/31 (a) | 150,000 | 121,445 |
5.25%, 03/15/33 (a) | 100,000 | 99,881 |
4.10%, 05/15/42 (a) | 100,000 | 83,061 |
4.10%, 03/15/43 (a) | 150,000 | 123,416 |
4.15%, 12/01/44 (a) | 178,000 | 146,734 |
4.20%, 08/15/45 (a) | 100,000 | 82,415 |
3.70%, 10/15/46 (a) | 250,000 | 189,555 |
2.50%, 08/15/50 (a) | 150,000 | 89,162 |
4.00%, 04/01/52 (a) | 75,000 | 59,241 |
5.35%, 03/15/53 (a) | 150,000 | 144,952 |
Edison International | ||
4.95%, 04/15/25 (a) | 100,000 | 99,200 |
4.70%, 08/15/25 | 100,000 | 98,718 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.75%, 06/15/27 (a) | 100,000 | 100,995 |
4.13%, 03/15/28 (a) | 100,000 | 95,510 |
6.95%, 11/15/29 (a) | 100,000 | 106,653 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 44,000 | 44,211 |
Emera U.S. Finance LP | ||
3.55%, 06/15/26 (a) | 150,000 | 143,881 |
4.75%, 06/15/46 (a) | 250,000 | 204,205 |
Enel Americas SA | ||
4.00%, 10/25/26 (a) | 100,000 | 96,220 |
Enel Chile SA | ||
4.88%, 06/12/28 (a) | 100,000 | 97,481 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 150,000 | 145,537 |
5.15%, 01/15/33 (a) | 200,000 | 200,224 |
4.20%, 04/01/49 (a) | 150,000 | 122,945 |
2.65%, 06/15/51 (a) | 100,000 | 60,124 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 150,000 | 140,311 |
2.95%, 09/01/26 (a) | 150,000 | 142,411 |
1.90%, 06/15/28 (a) | 150,000 | 131,921 |
2.80%, 06/15/30 (a) | 100,000 | 86,596 |
2.40%, 06/15/31 (a) | 150,000 | 123,615 |
3.75%, 06/15/50 (a) | 150,000 | 108,554 |
Entergy Louisiana LLC | ||
2.40%, 10/01/26 (a) | 100,000 | 93,503 |
3.25%, 04/01/28 (a) | 100,000 | 93,774 |
2.35%, 06/15/32 (a) | 100,000 | 81,046 |
4.00%, 03/15/33 (a) | 100,000 | 90,979 |
3.10%, 06/15/41 (a) | 100,000 | 73,703 |
4.95%, 01/15/45 (a) | 75,000 | 68,672 |
4.20%, 09/01/48 (a) | 100,000 | 81,322 |
4.20%, 04/01/50 (a) | 150,000 | 122,180 |
2.90%, 03/15/51 (a) | 150,000 | 94,644 |
4.75%, 09/15/52 (a) | 100,000 | 87,843 |
Entergy Mississippi LLC | ||
5.00%, 09/01/33 (a) | 150,000 | 147,015 |
3.85%, 06/01/49 (a) | 100,000 | 76,533 |
Entergy Texas, Inc. | ||
1.75%, 03/15/31 (a) | 150,000 | 120,269 |
4.50%, 03/30/39 (a) | 100,000 | 89,391 |
3.55%, 09/30/49 (a) | 100,000 | 72,463 |
Evergy Kansas Central, Inc. | ||
3.10%, 04/01/27 (a) | 200,000 | 189,630 |
4.13%, 03/01/42 (a) | 100,000 | 83,224 |
4.25%, 12/01/45 (a) | 100,000 | 82,307 |
3.25%, 09/01/49 (a) | 100,000 | 68,749 |
3.45%, 04/15/50 (a) | 50,000 | 35,270 |
5.70%, 03/15/53 (a) | 100,000 | 100,079 |
Evergy Metro, Inc. | ||
5.30%, 10/01/41 (a) | 100,000 | 96,108 |
4.20%, 03/15/48 (a) | 100,000 | 81,693 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 250,000 | 221,727 |
Eversource Energy | ||
0.80%, 08/15/25 (a) | 100,000 | 93,406 |
4.75%, 05/15/26 | 150,000 | 148,215 |
3.30%, 01/15/28 (a) | 100,000 | 93,200 |
5.45%, 03/01/28 (a) | 200,000 | 201,216 |
5.95%, 02/01/29 (a) | 100,000 | 102,455 |
4.25%, 04/01/29 (a) | 150,000 | 143,007 |
1.65%, 08/15/30 (a) | 250,000 | 199,042 |
2.55%, 03/15/31 (a) | 100,000 | 82,709 |
3.38%, 03/01/32 (a) | 150,000 | 128,949 |
5.13%, 05/15/33 (a) | 150,000 | 144,987 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.50%, 01/01/34 (a) | 100,000 | 99,013 |
3.45%, 01/15/50 (a) | 150,000 | 102,371 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 250,000 | 245,442 |
3.40%, 04/15/26 (a) | 150,000 | 144,472 |
5.15%, 03/15/28 (a) | 200,000 | 199,636 |
5.15%, 03/15/29 (a) | 125,000 | 124,459 |
4.05%, 04/15/30 (a) | 300,000 | 281,526 |
5.30%, 03/15/33 (a) | 150,000 | 148,635 |
5.45%, 03/15/34 (a) | 125,000 | 124,535 |
4.95%, 06/15/35 (a)(d) | 80,000 | 74,948 |
5.63%, 06/15/35 | 100,000 | 99,385 |
5.10%, 06/15/45 (a) | 100,000 | 91,209 |
4.45%, 04/15/46 (a) | 200,000 | 167,816 |
4.70%, 04/15/50 (a) | 100,000 | 86,808 |
4.10%, 03/15/52 (a) | 150,000 | 116,510 |
5.60%, 03/15/53 (a) | 100,000 | 97,582 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 150,000 | 146,271 |
3.13%, 12/01/25 (a) | 150,000 | 145,498 |
4.45%, 05/15/26 (a) | 100,000 | 99,039 |
5.05%, 04/01/28 (a) | 175,000 | 176,332 |
4.40%, 05/15/28 (a) | 100,000 | 98,301 |
2.45%, 02/03/32 (a) | 300,000 | 250,929 |
5.10%, 04/01/33 (a) | 150,000 | 149,499 |
4.80%, 05/15/33 (a) | 150,000 | 146,784 |
5.63%, 04/01/34 | 150,000 | 157,231 |
5.65%, 02/01/37 | 100,000 | 103,506 |
5.95%, 02/01/38 | 100,000 | 106,613 |
5.96%, 04/01/39 | 100,000 | 107,608 |
5.69%, 03/01/40 | 150,000 | 153,918 |
5.25%, 02/01/41 (a) | 150,000 | 148,332 |
4.05%, 06/01/42 (a) | 100,000 | 84,820 |
4.05%, 10/01/44 (a) | 150,000 | 126,615 |
3.70%, 12/01/47 (a) | 100,000 | 77,967 |
3.95%, 03/01/48 (a) | 100,000 | 81,217 |
4.13%, 06/01/48 (a) | 150,000 | 125,261 |
3.99%, 03/01/49 (a) | 100,000 | 81,474 |
3.15%, 10/01/49 (a) | 100,000 | 69,114 |
2.88%, 12/04/51 (a) | 200,000 | 130,462 |
5.30%, 04/01/53 (a) | 100,000 | 98,889 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 305,000 | 288,152 |
Georgia Power Co. | ||
5.00%, 02/23/27 (a) | 75,000 | 74,873 |
3.25%, 03/30/27 (a) | 75,000 | 71,109 |
4.65%, 05/16/28 (a) | 200,000 | 197,190 |
2.65%, 09/15/29 (a) | 150,000 | 132,840 |
4.70%, 05/15/32 (a) | 100,000 | 96,747 |
4.95%, 05/17/33 (a) | 200,000 | 195,610 |
5.25%, 03/15/34 (a) | 150,000 | 149,565 |
4.75%, 09/01/40 | 150,000 | 136,751 |
4.30%, 03/15/42 | 150,000 | 128,174 |
4.30%, 03/15/43 | 100,000 | 84,196 |
3.70%, 01/30/50 (a) | 100,000 | 75,851 |
3.25%, 03/15/51 (a) | 100,000 | 68,664 |
5.13%, 05/15/52 (a) | 150,000 | 142,572 |
Iberdrola International BV | ||
6.75%, 07/15/36 | 100,000 | 112,132 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 150,000 | 121,497 |
5.80%, 04/01/54 (a) | 75,000 | 76,559 |
Indiana Michigan Power Co. | ||
4.55%, 03/15/46 (a) | 100,000 | 85,576 |
3.75%, 07/01/47 (a) | 100,000 | 74,606 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 08/15/48 (a) | 100,000 | 81,208 |
3.25%, 05/01/51 (a) | 150,000 | 102,027 |
Interstate Power & Light Co. | ||
2.30%, 06/01/30 (a) | 200,000 | 168,880 |
6.25%, 07/15/39 | 150,000 | 157,045 |
3.50%, 09/30/49 (a) | 100,000 | 71,096 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 100,000 | 95,658 |
5.30%, 07/01/43 (a) | 100,000 | 93,940 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 100,000 | 95,173 |
4.38%, 10/01/45 (a) | 100,000 | 84,285 |
3.30%, 06/01/50 (a) | 100,000 | 69,342 |
Louisville Gas & Electric Co. | ||
4.25%, 04/01/49 (a) | 100,000 | 81,741 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 200,000 | 188,822 |
6.75%, 12/30/31 | 100,000 | 112,471 |
5.35%, 01/15/34 (a) | 75,000 | 76,548 |
4.80%, 09/15/43 (a) | 100,000 | 91,645 |
4.40%, 10/15/44 (a) | 100,000 | 85,910 |
4.25%, 05/01/46 (a) | 100,000 | 84,013 |
3.95%, 08/01/47 (a) | 50,000 | 40,071 |
3.65%, 08/01/48 (a) | 150,000 | 114,374 |
4.25%, 07/15/49 (a) | 150,000 | 126,206 |
3.15%, 04/15/50 (a) | 100,000 | 68,430 |
2.70%, 08/01/52 (a) | 100,000 | 61,576 |
5.85%, 09/15/54 (a) | 175,000 | 184,791 |
5.30%, 02/01/55 (a) | 100,000 | 97,484 |
Mississippi Power Co. | ||
4.25%, 03/15/42 | 100,000 | 83,584 |
3.10%, 07/30/51 (a) | 100,000 | 65,327 |
National Grid PLC | ||
5.60%, 06/12/28 (a) | 150,000 | 151,980 |
5.81%, 06/12/33 (a) | 150,000 | 151,777 |
5.42%, 01/11/34 (a) | 150,000 | 146,364 |
National Rural Utilities Cooperative Finance Corp. | ||
3.25%, 11/01/25 (a) | 250,000 | 242,420 |
4.45%, 03/13/26 (a) | 100,000 | 98,795 |
1.00%, 06/15/26 (a) | 150,000 | 136,947 |
4.80%, 02/05/27 (a) | 100,000 | 99,549 |
3.40%, 02/07/28 (a) | 200,000 | 189,160 |
4.80%, 03/15/28 (a) | 200,000 | 199,154 |
4.85%, 02/07/29 (a) | 150,000 | 148,786 |
3.70%, 03/15/29 (a) | 100,000 | 93,963 |
2.40%, 03/15/30 (a) | 150,000 | 129,503 |
5.00%, 02/07/31 (a) | 100,000 | 98,759 |
1.35%, 03/15/31 (a) | 100,000 | 77,813 |
1.65%, 06/15/31 (a) | 100,000 | 79,380 |
2.75%, 04/15/32 (a) | 100,000 | 84,137 |
4.02%, 11/01/32 (a) | 150,000 | 138,591 |
4.15%, 12/15/32 (a) | 100,000 | 92,143 |
5.80%, 01/15/33 (a) | 150,000 | 155,287 |
4.40%, 11/01/48 (a) | 50,000 | 42,278 |
4.30%, 03/15/49 (a) | 100,000 | 83,437 |
7.13%, 09/15/53 (a)(b) | 75,000 | 77,738 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 150,000 | 141,709 |
6.65%, 04/01/36 | 100,000 | 107,507 |
6.75%, 07/01/37 | 100,000 | 111,289 |
3.13%, 08/01/50 (a) | 100,000 | 66,126 |
6.00%, 03/15/54 (a) | 100,000 | 104,732 |
NextEra Energy Capital Holdings, Inc. | ||
6.05%, 03/01/25 | 450,000 | 451,899 |
4.45%, 06/20/25 | 150,000 | 148,062 |
5.75%, 09/01/25 | 350,000 | 351,925 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 01/29/26 | 200,000 | 198,566 |
1.88%, 01/15/27 (a) | 150,000 | 136,919 |
3.55%, 05/01/27 (a) | 250,000 | 237,940 |
4.63%, 07/15/27 (a) | 200,000 | 196,866 |
4.90%, 02/28/28 (a) | 200,000 | 198,498 |
1.90%, 06/15/28 (a) | 300,000 | 262,893 |
4.90%, 03/15/29 (a) | 250,000 | 246,995 |
3.50%, 04/01/29 (a) | 150,000 | 138,816 |
2.75%, 11/01/29 (a) | 150,000 | 132,270 |
5.00%, 02/28/30 (a) | 100,000 | 99,201 |
2.25%, 06/01/30 (a) | 300,000 | 252,573 |
2.44%, 01/15/32 (a) | 200,000 | 162,542 |
5.00%, 07/15/32 (a) | 200,000 | 195,224 |
5.05%, 02/28/33 (a) | 175,000 | 170,718 |
5.25%, 03/15/34 (a) | 200,000 | 196,456 |
3.00%, 01/15/52 (a) | 100,000 | 63,498 |
5.25%, 02/28/53 (a) | 200,000 | 186,650 |
5.55%, 03/15/54 (a) | 100,000 | 97,080 |
4.80%, 12/01/77 (a)(b) | 150,000 | 136,142 |
3.80%, 03/15/82 (a)(b) | 100,000 | 89,236 |
Northern States Power Co. | ||
5.35%, 11/01/39 | 100,000 | 99,185 |
3.40%, 08/15/42 (a) | 250,000 | 190,610 |
4.00%, 08/15/45 (a) | 150,000 | 121,697 |
3.60%, 09/15/47 (a) | 150,000 | 113,609 |
2.90%, 03/01/50 (a) | 150,000 | 98,493 |
3.20%, 04/01/52 (a) | 100,000 | 69,290 |
4.50%, 06/01/52 (a) | 100,000 | 87,532 |
5.10%, 05/15/53 (a) | 150,000 | 143,535 |
5.40%, 03/15/54 (a) | 100,000 | 99,046 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 150,000 | 143,031 |
3.25%, 05/15/29 (a) | 150,000 | 139,615 |
5.50%, 03/15/40 | 150,000 | 151,165 |
4.55%, 06/01/52 (a) | 150,000 | 130,191 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 100,000 | 99,614 |
5.38%, 11/01/40 | 200,000 | 188,206 |
4.50%, 04/01/47 (a) | 100,000 | 81,444 |
3.75%, 08/01/50 (a) | 100,000 | 71,884 |
Ohio Edison Co. | ||
6.88%, 07/15/36 | 100,000 | 110,864 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 100,000 | 86,689 |
1.63%, 01/15/31 (a) | 150,000 | 119,787 |
5.00%, 06/01/33 (a) | 100,000 | 98,201 |
4.00%, 06/01/49 (a) | 50,000 | 39,215 |
2.90%, 10/01/51 (a) | 150,000 | 95,768 |
Oklahoma Gas & Electric Co. | ||
3.80%, 08/15/28 (a) | 100,000 | 95,850 |
3.30%, 03/15/30 (a) | 100,000 | 90,174 |
3.25%, 04/01/30 (a) | 150,000 | 134,900 |
5.60%, 04/01/53 (a) | 100,000 | 100,840 |
Oncor Electric Delivery Co. LLC | ||
2.95%, 04/01/25 (a) | 100,000 | 97,553 |
0.55%, 10/01/25 (a) | 250,000 | 232,635 |
3.70%, 11/15/28 (a) | 100,000 | 94,903 |
2.75%, 05/15/30 (a) | 150,000 | 131,988 |
4.15%, 06/01/32 (a) | 100,000 | 93,797 |
4.55%, 09/15/32 (a) | 100,000 | 96,108 |
5.25%, 09/30/40 | 150,000 | 149,233 |
4.55%, 12/01/41 (a) | 380,000 | 345,276 |
5.30%, 06/01/42 (a) | 37,000 | 37,552 |
3.80%, 09/30/47 (a) | 100,000 | 77,286 |
3.80%, 06/01/49 (a) | 100,000 | 78,938 |
3.10%, 09/15/49 (a) | 150,000 | 103,224 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.70%, 05/15/50 (a) | 100,000 | 76,453 |
2.70%, 11/15/51 (a) | 100,000 | 62,365 |
4.60%, 06/01/52 (a) | 100,000 | 88,444 |
4.95%, 09/15/52 (a) | 200,000 | 186,712 |
5.35%, 10/01/52 (a) | 78,000 | 77,656 |
Pacific Gas & Electric Co. | ||
3.45%, 07/01/25 | 200,000 | 194,264 |
3.15%, 01/01/26 | 325,000 | 310,901 |
2.95%, 03/01/26 (a) | 200,000 | 189,880 |
5.45%, 06/15/27 (a) | 100,000 | 99,892 |
2.10%, 08/01/27 (a) | 200,000 | 179,380 |
3.30%, 12/01/27 (a) | 250,000 | 231,162 |
3.00%, 06/15/28 (a) | 150,000 | 136,257 |
3.75%, 07/01/28 | 200,000 | 186,262 |
6.10%, 01/15/29 (a) | 200,000 | 204,788 |
4.55%, 07/01/30 (a) | 550,000 | 517,649 |
2.50%, 02/01/31 (a) | 450,000 | 369,288 |
3.25%, 06/01/31 (a) | 150,000 | 128,648 |
4.40%, 03/01/32 (a) | 100,000 | 91,168 |
5.90%, 06/15/32 (a) | 100,000 | 100,708 |
6.15%, 01/15/33 (a) | 150,000 | 153,567 |
6.40%, 06/15/33 (a) | 200,000 | 208,204 |
6.95%, 03/15/34 (a) | 150,000 | 162,277 |
4.50%, 07/01/40 (a) | 350,000 | 294,367 |
3.30%, 08/01/40 (a) | 250,000 | 180,582 |
4.20%, 06/01/41 (a) | 100,000 | 78,780 |
4.60%, 06/15/43 (a) | 150,000 | 123,401 |
4.75%, 02/15/44 (a) | 100,000 | 83,630 |
4.30%, 03/15/45 (a) | 100,000 | 78,309 |
4.00%, 12/01/46 (a) | 100,000 | 73,405 |
3.95%, 12/01/47 (a) | 200,000 | 145,560 |
4.95%, 07/01/50 (a) | 550,000 | 467,659 |
3.50%, 08/01/50 (a) | 350,000 | 235,742 |
5.25%, 03/01/52 (a) | 100,000 | 88,675 |
6.75%, 01/15/53 (a) | 150,000 | 160,879 |
6.70%, 04/01/53 (a) | 150,000 | 161,109 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 100,000 | 92,363 |
5.30%, 02/15/31 (a) | 150,000 | 148,885 |
7.70%, 11/15/31 | 100,000 | 114,706 |
5.45%, 02/15/34 (a) | 200,000 | 197,358 |
6.10%, 08/01/36 | 100,000 | 103,789 |
5.75%, 04/01/37 | 100,000 | 99,600 |
6.25%, 10/15/37 | 100,000 | 104,904 |
6.35%, 07/15/38 | 100,000 | 105,398 |
6.00%, 01/15/39 | 130,000 | 133,852 |
4.13%, 01/15/49 (a) | 150,000 | 117,173 |
4.15%, 02/15/50 (a) | 150,000 | 116,786 |
3.30%, 03/15/51 (a) | 100,000 | 65,782 |
2.90%, 06/15/52 (a) | 100,000 | 61,050 |
5.35%, 12/01/53 (a) | 200,000 | 184,178 |
5.50%, 05/15/54 (a) | 250,000 | 233,590 |
5.80%, 01/15/55 (a) | 200,000 | 193,460 |
PECO Energy Co. | ||
4.90%, 06/15/33 (a) | 150,000 | 148,666 |
4.15%, 10/01/44 (a) | 100,000 | 83,808 |
3.90%, 03/01/48 (a) | 150,000 | 120,833 |
3.00%, 09/15/49 (a) | 100,000 | 67,508 |
2.80%, 06/15/50 (a) | 100,000 | 64,867 |
3.05%, 03/15/51 (a) | 150,000 | 101,280 |
4.38%, 08/15/52 (a) | 75,000 | 64,100 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 175,000 | 166,120 |
Potomac Electric Power Co. | ||
6.50%, 11/15/37 | 150,000 | 166,033 |
4.15%, 03/15/43 (a) | 100,000 | 84,286 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 150,000 | 142,999 |
4.13%, 04/15/30 (a) | 200,000 | 187,066 |
PPL Electric Utilities Corp. | ||
5.00%, 05/15/33 (a) | 150,000 | 149,220 |
4.85%, 02/15/34 (a) | 150,000 | 146,167 |
4.75%, 07/15/43 (a) | 50,000 | 46,176 |
4.13%, 06/15/44 (a) | 100,000 | 84,209 |
3.95%, 06/01/47 (a) | 150,000 | 121,577 |
4.15%, 06/15/48 (a) | 100,000 | 84,021 |
5.25%, 05/15/53 (a) | 150,000 | 145,899 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 150,000 | 169,686 |
7.00%, 10/30/31 | 100,000 | 110,592 |
6.00%, 12/01/39 | 100,000 | 100,978 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 100,000 | 95,421 |
1.90%, 01/15/31 (a) | 150,000 | 122,301 |
1.88%, 06/15/31 (a) | 150,000 | 120,870 |
6.25%, 09/01/37 | 100,000 | 106,186 |
3.60%, 09/15/42 (a) | 100,000 | 76,938 |
4.30%, 03/15/44 (a) | 40,000 | 33,527 |
3.80%, 06/15/47 (a) | 200,000 | 152,728 |
4.05%, 09/15/49 (a) | 100,000 | 78,464 |
3.20%, 03/01/50 (a) | 100,000 | 67,832 |
5.25%, 04/01/53 (a) | 150,000 | 142,110 |
Public Service Co. of New Hampshire | ||
2.20%, 06/15/31 (a) | 100,000 | 82,522 |
3.60%, 07/01/49 (a) | 50,000 | 37,938 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 100,000 | 81,411 |
5.25%, 01/15/33 (a) | 100,000 | 99,136 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 250,000 | 231,450 |
2.25%, 09/15/26 (a) | 150,000 | 140,274 |
3.20%, 05/15/29 (a) | 100,000 | 92,263 |
1.90%, 08/15/31 (a) | 250,000 | 201,620 |
4.90%, 12/15/32 (a) | 150,000 | 148,132 |
5.20%, 08/01/33 (a) | 100,000 | 100,839 |
3.95%, 05/01/42 (a) | 150,000 | 126,318 |
3.80%, 03/01/46 (a) | 150,000 | 118,769 |
3.60%, 12/01/47 (a) | 100,000 | 76,869 |
3.85%, 05/01/49 (a) | 150,000 | 119,801 |
3.15%, 01/01/50 (a) | 100,000 | 69,842 |
2.70%, 05/01/50 (a) | 150,000 | 97,055 |
2.05%, 08/01/50 (a) | 200,000 | 112,388 |
5.13%, 03/15/53 (a) | 50,000 | 48,526 |
5.45%, 08/01/53 (a) | 100,000 | 100,681 |
Public Service Enterprise Group, Inc. | ||
0.80%, 08/15/25 (a) | 250,000 | 234,182 |
5.88%, 10/15/28 (a) | 150,000 | 154,008 |
1.60%, 08/15/30 (a) | 200,000 | 160,910 |
Puget Energy, Inc. | ||
4.10%, 06/15/30 (a) | 250,000 | 226,917 |
Puget Sound Energy, Inc. | ||
6.27%, 03/15/37 | 362,000 | 382,344 |
4.22%, 06/15/48 (a) | 100,000 | 81,333 |
3.25%, 09/15/49 (a) | 100,000 | 68,368 |
2.89%, 09/15/51 (a) | 100,000 | 63,777 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 150,000 | 142,359 |
1.70%, 10/01/30 (a) | 200,000 | 162,904 |
6.00%, 06/01/39 | 50,000 | 52,378 |
4.50%, 08/15/40 | 100,000 | 89,060 |
4.15%, 05/15/48 (a) | 100,000 | 82,558 |
4.10%, 06/15/49 (a) | 100,000 | 80,816 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.32%, 04/15/50 (a) | 100,000 | 69,709 |
2.95%, 08/15/51 (a) | 150,000 | 99,740 |
5.35%, 04/01/53 (a) | 150,000 | 145,381 |
Sierra Pacific Power Co. | ||
5.90%, 03/15/54 (a)(d) | 75,000 | 76,877 |
Southern California Edison Co. | ||
4.20%, 06/01/25 | 100,000 | 98,650 |
3.70%, 08/01/25 (a) | 200,000 | 195,394 |
1.20%, 02/01/26 (a) | 100,000 | 92,804 |
4.70%, 06/01/27 (a) | 150,000 | 148,326 |
5.85%, 11/01/27 (a) | 150,000 | 153,778 |
3.65%, 03/01/28 (a) | 100,000 | 94,819 |
5.30%, 03/01/28 (a) | 150,000 | 151,492 |
4.20%, 03/01/29 (a) | 100,000 | 96,274 |
2.85%, 08/01/29 (a) | 100,000 | 89,615 |
2.25%, 06/01/30 (a) | 150,000 | 126,764 |
2.75%, 02/01/32 (a) | 100,000 | 84,155 |
5.95%, 11/01/32 (a) | 125,000 | 130,349 |
6.00%, 01/15/34 | 150,000 | 156,567 |
5.20%, 06/01/34 (a) | 200,000 | 195,794 |
5.63%, 02/01/36 | 100,000 | 100,075 |
5.55%, 01/15/37 | 75,000 | 74,836 |
5.95%, 02/01/38 | 100,000 | 102,674 |
5.50%, 03/15/40 | 100,000 | 99,043 |
4.50%, 09/01/40 (a) | 150,000 | 131,496 |
4.05%, 03/15/42 (a) | 100,000 | 82,456 |
3.90%, 03/15/43 (a) | 50,000 | 39,656 |
4.65%, 10/01/43 (a) | 150,000 | 131,724 |
3.60%, 02/01/45 (a) | 100,000 | 74,222 |
4.00%, 04/01/47 (a) | 300,000 | 234,480 |
4.13%, 03/01/48 (a) | 250,000 | 200,025 |
4.88%, 03/01/49 (a) | 100,000 | 88,952 |
3.65%, 02/01/50 (a) | 200,000 | 146,926 |
2.95%, 02/01/51 (a) | 100,000 | 64,193 |
3.65%, 06/01/51 (a) | 100,000 | 73,409 |
3.45%, 02/01/52 (a) | 100,000 | 69,874 |
5.45%, 06/01/52 (a) | 100,000 | 96,349 |
5.70%, 03/01/53 (a) | 100,000 | 99,370 |
5.88%, 12/01/53 (a) | 150,000 | 152,557 |
Southern Co. | ||
3.25%, 07/01/26 (a) | 400,000 | 382,728 |
5.11%, 08/01/27 (g) | 150,000 | 149,728 |
4.85%, 06/15/28 (a) | 200,000 | 198,248 |
5.50%, 03/15/29 (a) | 100,000 | 101,339 |
3.70%, 04/30/30 (a) | 250,000 | 230,722 |
5.20%, 06/15/33 (a) | 150,000 | 147,858 |
5.70%, 03/15/34 (a) | 150,000 | 153,022 |
4.25%, 07/01/36 (a) | 50,000 | 44,243 |
4.40%, 07/01/46 (a) | 300,000 | 254,001 |
4.00%, 01/15/51 (a)(b) | 250,000 | 240,512 |
3.75%, 09/15/51 (a)(b) | 200,000 | 187,830 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 100,000 | 98,402 |
0.90%, 01/15/26 (a) | 150,000 | 138,372 |
5.25%, 07/15/43 | 50,000 | 46,441 |
4.95%, 12/15/46 (a) | 100,000 | 88,070 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 150,000 | 139,596 |
2.75%, 10/01/26 (a) | 75,000 | 70,436 |
4.10%, 09/15/28 (a) | 150,000 | 143,892 |
5.30%, 04/01/33 (a) | 100,000 | 98,709 |
6.20%, 03/15/40 | 100,000 | 104,570 |
3.90%, 04/01/45 (a) | 150,000 | 115,394 |
3.85%, 02/01/48 (a) | 50,000 | 36,812 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 128,561 |
3.40%, 08/15/46 (a) | 75,000 | 52,485 |
3.70%, 08/15/47 (a) | 100,000 | 72,076 |
3.15%, 05/01/50 (a) | 150,000 | 96,714 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 100,000 | 83,015 |
4.10%, 06/15/42 (a) | 200,000 | 165,942 |
4.30%, 06/15/48 (a) | 250,000 | 207,150 |
Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 105,828 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 200,000 | 161,200 |
4.85%, 12/01/48 (a) | 50,000 | 44,610 |
4.00%, 06/15/50 (a) | 100,000 | 76,870 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 150,000 | 140,050 |
2.95%, 03/15/30 (a) | 200,000 | 177,620 |
2.15%, 03/15/32 (a) | 100,000 | 80,471 |
3.90%, 09/15/42 (a) | 40,000 | 32,507 |
4.00%, 04/01/48 (a) | 250,000 | 197,332 |
2.63%, 03/15/51 (a) | 100,000 | 60,621 |
3.90%, 04/01/52 (a) | 150,000 | 116,981 |
5.45%, 03/15/53 (a) | 100,000 | 98,137 |
Virginia Electric & Power Co. | ||
3.50%, 03/15/27 (a) | 250,000 | 239,412 |
3.75%, 05/15/27 (a) | 150,000 | 144,408 |
3.80%, 04/01/28 (a) | 150,000 | 143,827 |
2.88%, 07/15/29 (a) | 250,000 | 226,365 |
2.40%, 03/30/32 (a) | 150,000 | 123,500 |
5.00%, 04/01/33 (a) | 100,000 | 98,041 |
6.00%, 01/15/36 | 150,000 | 156,456 |
6.00%, 05/15/37 | 150,000 | 155,715 |
8.88%, 11/15/38 | 150,000 | 199,795 |
4.00%, 01/15/43 (a) | 100,000 | 82,178 |
4.65%, 08/15/43 (a) | 200,000 | 177,728 |
4.45%, 02/15/44 (a) | 100,000 | 86,224 |
4.20%, 05/15/45 (a) | 100,000 | 82,732 |
3.80%, 09/15/47 (a) | 150,000 | 115,013 |
4.60%, 12/01/48 (a) | 150,000 | 130,140 |
3.30%, 12/01/49 (a) | 250,000 | 176,140 |
2.45%, 12/15/50 (a) | 200,000 | 116,150 |
2.95%, 11/15/51 (a) | 100,000 | 64,314 |
4.63%, 05/15/52 (a) | 100,000 | 86,334 |
5.45%, 04/01/53 (a) | 100,000 | 97,987 |
5.70%, 08/15/53 (a) | 100,000 | 101,214 |
WEC Energy Group, Inc. | ||
4.75%, 01/09/26 (a) | 250,000 | 247,612 |
5.15%, 10/01/27 (a) | 100,000 | 99,961 |
1.38%, 10/15/27 (a) | 200,000 | 176,130 |
4.75%, 01/15/28 (a) | 150,000 | 148,260 |
1.80%, 10/15/30 (a) | 100,000 | 81,142 |
Wisconsin Electric Power Co. | ||
1.70%, 06/15/28 (a) | 100,000 | 88,135 |
4.75%, 09/30/32 (a) | 100,000 | 98,085 |
4.30%, 10/15/48 (a) | 100,000 | 84,188 |
Wisconsin Power & Light Co. | ||
3.00%, 07/01/29 (a) | 100,000 | 91,679 |
3.95%, 09/01/32 (a) | 100,000 | 92,243 |
4.95%, 04/01/33 (a) | 100,000 | 97,608 |
3.65%, 04/01/50 (a) | 100,000 | 73,222 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 150,000 | 117,447 |
3.30%, 09/01/49 (a) | 100,000 | 70,212 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Xcel Energy, Inc. | ||
3.35%, 12/01/26 (a) | 150,000 | 142,083 |
4.00%, 06/15/28 (a) | 250,000 | 239,342 |
2.60%, 12/01/29 (a) | 100,000 | 87,826 |
3.40%, 06/01/30 (a) | 100,000 | 90,316 |
4.60%, 06/01/32 (a) | 200,000 | 186,652 |
3.50%, 12/01/49 (a) | 100,000 | 69,835 |
91,381,020 | ||
Natural Gas 0.2% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 125,000 | 111,353 |
1.50%, 01/15/31 (a) | 150,000 | 119,454 |
4.13%, 10/15/44 (a) | 300,000 | 255,492 |
4.30%, 10/01/48 (a) | 100,000 | 86,179 |
4.13%, 03/15/49 (a) | 100,000 | 82,553 |
3.38%, 09/15/49 (a) | 100,000 | 72,499 |
2.85%, 02/15/52 (a) | 150,000 | 96,212 |
5.75%, 10/15/52 (a) | 100,000 | 104,946 |
6.20%, 11/15/53 (a) | 100,000 | 110,572 |
CenterPoint Energy Resources Corp. | ||
5.25%, 03/01/28 (a) | 200,000 | 201,518 |
4.00%, 04/01/28 (a) | 100,000 | 96,180 |
1.75%, 10/01/30 (a) | 100,000 | 81,338 |
5.40%, 03/01/33 (a) | 100,000 | 100,883 |
5.85%, 01/15/41 (a) | 100,000 | 102,810 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 350,000 | 328,639 |
3.49%, 05/15/27 (a) | 250,000 | 237,757 |
5.25%, 03/30/28 (a) | 200,000 | 201,048 |
2.95%, 09/01/29 (a) | 100,000 | 89,964 |
1.70%, 02/15/31 (a) | 250,000 | 198,542 |
5.25%, 02/15/43 (a) | 45,000 | 42,505 |
4.80%, 02/15/44 (a) | 209,000 | 186,083 |
5.65%, 02/01/45 (a) | 100,000 | 97,506 |
4.38%, 05/15/47 (a) | 200,000 | 165,454 |
3.95%, 03/30/48 (a) | 100,000 | 77,047 |
5.00%, 06/15/52 (a) | 75,000 | 67,995 |
ONE Gas, Inc. | ||
2.00%, 05/15/30 (a) | 100,000 | 83,355 |
4.66%, 02/01/44 (a) | 100,000 | 89,504 |
4.50%, 11/01/48 (a) | 100,000 | 86,182 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 150,000 | 138,229 |
2.50%, 03/15/31 (a) | 100,000 | 83,791 |
5.40%, 06/15/33 (a) | 100,000 | 100,444 |
3.64%, 11/01/46 (a) | 100,000 | 70,775 |
3.35%, 06/01/50 (a) | 100,000 | 66,738 |
Sempra | ||
3.30%, 04/01/25 (a) | 150,000 | 146,523 |
5.40%, 08/01/26 (a) | 100,000 | 100,280 |
3.25%, 06/15/27 (a) | 200,000 | 188,240 |
3.40%, 02/01/28 (a) | 200,000 | 188,286 |
3.70%, 04/01/29 (a) | 150,000 | 139,797 |
5.50%, 08/01/33 (a) | 150,000 | 149,260 |
3.80%, 02/01/38 (a) | 150,000 | 123,263 |
6.00%, 10/15/39 | 150,000 | 151,617 |
4.00%, 02/01/48 (a) | 150,000 | 116,859 |
4.13%, 04/01/52 (a)(b) | 150,000 | 137,865 |
Southern California Gas Co. | ||
2.95%, 04/15/27 (a) | 150,000 | 141,159 |
2.55%, 02/01/30 (a) | 100,000 | 86,904 |
5.20%, 06/01/33 (a) | 100,000 | 99,388 |
3.75%, 09/15/42 (a) | 150,000 | 118,608 |
4.30%, 01/15/49 (a) | 150,000 | 123,260 |
3.95%, 02/15/50 (a) | 100,000 | 77,429 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.35%, 11/15/52 (a) | 100,000 | 109,929 |
5.75%, 06/01/53 (a) | 100,000 | 101,204 |
Southern Co. Gas Capital Corp. | ||
1.75%, 01/15/31 (a) | 100,000 | 80,303 |
5.15%, 09/15/32 (a) | 100,000 | 99,285 |
5.75%, 09/15/33 (a) | 100,000 | 102,557 |
5.88%, 03/15/41 (a) | 150,000 | 150,352 |
4.40%, 06/01/43 (a) | 75,000 | 62,370 |
3.95%, 10/01/46 (a) | 150,000 | 114,161 |
4.40%, 05/30/47 (a) | 100,000 | 81,300 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 250,000 | 209,015 |
4.05%, 03/15/32 (a) | 150,000 | 137,270 |
4.15%, 06/01/49 (a) | 100,000 | 77,136 |
Spire Missouri, Inc. | ||
3.30%, 06/01/51 (a) | 100,000 | 68,251 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 100,000 | 74,254 |
7,589,672 | ||
Utility Other 0.0% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 150,000 | 147,124 |
3.75%, 09/01/28 (a) | 240,000 | 227,808 |
3.45%, 06/01/29 (a) | 300,000 | 279,099 |
2.30%, 06/01/31 (a) | 200,000 | 165,864 |
5.15%, 03/01/34 (a) | 100,000 | 99,233 |
6.59%, 10/15/37 | 150,000 | 168,718 |
3.75%, 09/01/47 (a) | 200,000 | 155,560 |
4.20%, 09/01/48 (a) | 100,000 | 84,203 |
4.15%, 06/01/49 (a) | 150,000 | 124,215 |
3.45%, 05/01/50 (a) | 100,000 | 73,267 |
3.25%, 06/01/51 (a) | 200,000 | 141,076 |
Essential Utilities, Inc. | ||
2.70%, 04/15/30 (a) | 100,000 | 86,160 |
2.40%, 05/01/31 (a) | 50,000 | 41,107 |
5.38%, 01/15/34 (a) | 100,000 | 98,322 |
4.28%, 05/01/49 (a) | 100,000 | 80,956 |
3.35%, 04/15/50 (a) | 100,000 | 69,306 |
5.30%, 05/01/52 (a) | 100,000 | 93,068 |
United Utilities PLC | ||
6.88%, 08/15/28 | 100,000 | 106,064 |
2,241,150 | ||
101,211,842 | ||
Total Corporates (Cost $1,272,606,013) | 1,139,630,613 | |
TREASURIES 41.6% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
6.88%, 08/15/25 | 500,000 | 515,830 |
6.00%, 02/15/26 | 1,310,800 | 1,345,490 |
6.75%, 08/15/26 | 750,000 | 788,613 |
6.50%, 11/15/26 | 955,300 | 1,004,931 |
6.63%, 02/15/27 | 496,400 | 527,444 |
6.38%, 08/15/27 | 743,300 | 790,511 |
6.13%, 11/15/27 | 1,509,500 | 1,600,954 |
5.50%, 08/15/28 | 280,000 | 293,956 |
5.25%, 11/15/28 | 1,588,100 | 1,653,237 |
5.25%, 02/15/29 | 795,300 | 830,281 |
6.13%, 08/15/29 | 900,000 | 979,137 |
6.25%, 05/15/30 | 950,000 | 1,050,715 |
5.38%, 02/15/31 | 1,460,000 | 1,564,481 |
4.50%, 02/15/36 | 1,458,700 | 1,510,438 |
4.75%, 02/15/37 | 835,000 | 882,360 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.00%, 05/15/37 | 1,120,000 | 1,209,513 |
4.38%, 02/15/38 | 1,227,600 | 1,242,561 |
4.50%, 05/15/38 | 1,410,000 | 1,442,606 |
3.50%, 02/15/39 | 1,255,300 | 1,142,519 |
4.25%, 05/15/39 | 1,329,500 | 1,315,478 |
4.50%, 08/15/39 | 1,223,300 | 1,242,987 |
4.38%, 11/15/39 | 1,975,900 | 1,976,209 |
4.63%, 02/15/40 | 2,048,600 | 2,105,097 |
1.13%, 05/15/40 | 7,650,000 | 4,725,070 |
4.38%, 05/15/40 | 2,377,000 | 2,369,200 |
1.13%, 08/15/40 | 9,050,000 | 5,533,934 |
3.88%, 08/15/40 | 2,109,100 | 1,973,327 |
1.38%, 11/15/40 | 10,000,000 | 6,354,688 |
4.25%, 11/15/40 | 2,073,600 | 2,027,592 |
1.88%, 02/15/41 | 11,700,000 | 8,067,516 |
4.75%, 02/15/41 | 2,200,000 | 2,282,672 |
2.25%, 05/15/41 | 10,000,000 | 7,305,469 |
4.38%, 05/15/41 | 2,313,700 | 2,289,659 |
1.75%, 08/15/41 | 13,300,000 | 8,865,281 |
3.75%, 08/15/41 | 2,103,600 | 1,919,864 |
2.00%, 11/15/41 | 11,300,000 | 7,827,899 |
3.13%, 11/15/41 | 2,381,600 | 1,983,798 |
2.38%, 02/15/42 | 9,500,000 | 6,986,953 |
3.13%, 02/15/42 | 2,430,900 | 2,017,267 |
3.00%, 05/15/42 | 2,505,300 | 2,031,642 |
3.25%, 05/15/42 | 7,800,000 | 6,564,188 |
2.75%, 08/15/42 | 2,668,100 | 2,076,532 |
3.38%, 08/15/42 | 7,300,000 | 6,244,352 |
2.75%, 11/15/42 | 4,010,800 | 3,109,937 |
4.00%, 11/15/42 | 6,800,000 | 6,351,625 |
3.13%, 02/15/43 | 3,282,900 | 2,695,825 |
3.88%, 02/15/43 | 6,800,000 | 6,229,969 |
2.88%, 05/15/43 | 5,072,800 | 3,995,623 |
3.88%, 05/15/43 | 6,700,000 | 6,128,930 |
3.63%, 08/15/43 | 3,942,900 | 3,477,761 |
4.38%, 08/15/43 | 7,200,000 | 7,052,625 |
3.75%, 11/15/43 | 3,902,900 | 3,501,633 |
4.75%, 11/15/43 | 7,850,000 | 8,081,820 |
3.63%, 02/15/44 | 3,862,900 | 3,398,145 |
4.50%, 02/15/44 | 3,000,000 | 3,000,234 |
3.38%, 05/15/44 | 3,593,600 | 3,040,242 |
3.13%, 08/15/44 | 4,688,200 | 3,806,232 |
3.00%, 11/15/44 | 4,153,600 | 3,296,920 |
2.50%, 02/15/45 | 5,807,000 | 4,211,890 |
3.00%, 05/15/45 | 2,568,600 | 2,032,605 |
2.88%, 08/15/45 | 3,588,200 | 2,772,445 |
3.00%, 11/15/45 | 2,118,600 | 1,670,218 |
2.50%, 02/15/46 | 4,250,000 | 3,051,699 |
2.50%, 05/15/46 | 4,417,800 | 3,164,249 |
2.25%, 08/15/46 | 5,695,800 | 3,871,364 |
2.88%, 11/15/46 | 2,248,900 | 1,721,814 |
3.00%, 02/15/47 | 6,000,000 | 4,691,250 |
3.00%, 05/15/47 | 3,400,000 | 2,654,391 |
2.75%, 08/15/47 | 5,275,000 | 3,923,693 |
2.75%, 11/15/47 | 5,150,000 | 3,823,473 |
3.00%, 02/15/48 | 6,600,000 | 5,131,500 |
3.13%, 05/15/48 | 6,400,000 | 5,088,000 |
3.00%, 08/15/48 | 7,150,000 | 5,550,188 |
3.38%, 11/15/48 | 7,400,000 | 6,148,938 |
3.00%, 02/15/49 | 8,100,000 | 6,279,398 |
2.88%, 05/15/49 | 8,050,000 | 6,089,699 |
2.25%, 08/15/49 | 7,400,000 | 4,904,813 |
2.38%, 11/15/49 | 7,200,000 | 4,900,500 |
2.00%, 02/15/50 | 9,020,000 | 5,619,883 |
1.25%, 05/15/50 | 10,450,000 | 5,311,539 |
1.38%, 08/15/50 | 11,900,000 | 6,251,219 |
1.63%, 11/15/50 | 11,400,000 | 6,407,156 |
1.88%, 02/15/51 | 12,600,000 | 7,549,172 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.38%, 05/15/51 | 13,000,000 | 8,781,094 |
2.00%, 08/15/51 | 12,800,000 | 7,891,000 |
1.88%, 11/15/51 | 12,100,000 | 7,217,461 |
2.25%, 02/15/52 | 11,200,000 | 7,333,375 |
2.88%, 05/15/52 | 10,500,000 | 7,913,555 |
3.00%, 08/15/52 | 9,600,000 | 7,428,000 |
4.00%, 11/15/52 | 10,000,000 | 9,369,531 |
3.63%, 02/15/53 | 10,200,000 | 8,924,203 |
3.63%, 05/15/53 | 10,000,000 | 8,757,031 |
4.13%, 08/15/53 | 10,970,000 | 10,512,345 |
4.75%, 11/15/53 | 12,850,000 | 13,683,242 |
4.25%, 02/15/54 | 5,000,000 | 4,908,203 |
U.S. Treasury Notes | ||
0.50%, 03/31/25 | 7,100,000 | 6,766,633 |
2.63%, 03/31/25 | 3,200,000 | 3,120,500 |
3.88%, 03/31/25 | 7,000,000 | 6,916,875 |
2.63%, 04/15/25 | 8,000,000 | 7,796,094 |
0.38%, 04/30/25 | 7,000,000 | 6,641,797 |
2.88%, 04/30/25 | 3,500,000 | 3,418,379 |
3.88%, 04/30/25 | 8,000,000 | 7,903,438 |
2.13%, 05/15/25 | 7,721,600 | 7,471,402 |
2.75%, 05/15/25 | 9,000,000 | 8,772,539 |
0.25%, 05/31/25 | 7,900,000 | 7,457,785 |
2.88%, 05/31/25 | 3,600,000 | 3,512,391 |
4.25%, 05/31/25 | 8,000,000 | 7,935,000 |
2.88%, 06/15/25 | 8,200,000 | 7,994,520 |
0.25%, 06/30/25 | 7,500,000 | 7,058,789 |
2.75%, 06/30/25 | 2,350,000 | 2,287,211 |
4.63%, 06/30/25 | 8,000,000 | 7,975,312 |
3.00%, 07/15/25 | 11,000,000 | 10,732,305 |
0.25%, 07/31/25 | 8,100,000 | 7,596,914 |
2.88%, 07/31/25 | 3,500,000 | 3,406,895 |
4.75%, 07/31/25 | 7,000,000 | 6,991,797 |
2.00%, 08/15/25 | 9,107,400 | 8,749,863 |
3.13%, 08/15/25 | 9,300,000 | 9,080,578 |
0.25%, 08/31/25 | 7,900,000 | 7,385,266 |
2.75%, 08/31/25 | 4,400,000 | 4,269,633 |
5.00%, 08/31/25 | 8,500,000 | 8,523,242 |
3.50%, 09/15/25 | 7,500,000 | 7,356,738 |
0.25%, 09/30/25 | 8,900,000 | 8,292,471 |
3.00%, 09/30/25 | 3,400,000 | 3,308,824 |
5.00%, 09/30/25 | 8,000,000 | 8,026,250 |
4.25%, 10/15/25 | 7,000,000 | 6,944,355 |
0.25%, 10/31/25 | 9,400,000 | 8,730,617 |
3.00%, 10/31/25 | 3,100,000 | 3,014,084 |
5.00%, 10/31/25 | 9,000,000 | 9,035,684 |
2.25%, 11/15/25 | 10,580,200 | 10,154,719 |
4.50%, 11/15/25 | 6,000,000 | 5,977,500 |
0.38%, 11/30/25 | 7,500,000 | 6,959,180 |
2.88%, 11/30/25 | 4,000,000 | 3,878,047 |
4.88%, 11/30/25 | 10,000,000 | 10,025,391 |
4.00%, 12/15/25 | 6,500,000 | 6,421,543 |
0.38%, 12/31/25 | 9,300,000 | 8,604,861 |
2.63%, 12/31/25 | 4,100,000 | 3,954,018 |
4.25%, 12/31/25 | 10,000,000 | 9,923,047 |
3.88%, 01/15/26 | 6,000,000 | 5,915,391 |
0.38%, 01/31/26 | 9,900,000 | 9,130,043 |
2.63%, 01/31/26 | 4,400,000 | 4,238,781 |
4.25%, 01/31/26 | 10,000,000 | 9,926,172 |
1.63%, 02/15/26 | 8,545,800 | 8,069,772 |
4.00%, 02/15/26 | 6,800,000 | 6,720,047 |
0.50%, 02/28/26 | 10,100,000 | 9,312,910 |
2.50%, 02/28/26 | 4,000,000 | 3,840,156 |
4.63%, 02/28/26 | 12,000,000 | 11,999,297 |
4.63%, 03/15/26 | 7,700,000 | 7,700,902 |
0.75%, 03/31/26 | 9,200,000 | 8,507,844 |
2.25%, 03/31/26 | 4,400,000 | 4,197,703 |
3.75%, 04/15/26 | 7,000,000 | 6,882,422 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.75%, 04/30/26 | 10,000,000 | 9,219,141 |
2.38%, 04/30/26 | 2,500,000 | 2,387,793 |
1.63%, 05/15/26 | 7,924,500 | 7,439,434 |
3.63%, 05/15/26 | 7,000,000 | 6,863,281 |
0.75%, 05/31/26 | 10,000,000 | 9,194,922 |
2.13%, 05/31/26 | 4,700,000 | 4,458,574 |
4.13%, 06/15/26 | 7,000,000 | 6,935,742 |
0.88%, 06/30/26 | 9,900,000 | 9,111,094 |
1.88%, 06/30/26 | 4,450,000 | 4,193,777 |
4.50%, 07/15/26 | 7,000,000 | 6,995,352 |
0.63%, 07/31/26 | 10,000,000 | 9,119,141 |
1.88%, 07/31/26 | 3,700,000 | 3,478,867 |
1.50%, 08/15/26 | 9,471,600 | 8,814,508 |
4.38%, 08/15/26 | 7,000,000 | 6,977,852 |
0.75%, 08/31/26 | 10,000,000 | 9,123,828 |
1.38%, 08/31/26 | 4,600,000 | 4,263,625 |
4.63%, 09/15/26 | 8,000,000 | 8,023,750 |
0.88%, 09/30/26 | 9,500,000 | 8,678,027 |
1.63%, 09/30/26 | 3,000,000 | 2,794,688 |
4.63%, 10/15/26 | 8,000,000 | 8,027,500 |
1.13%, 10/31/26 | 7,200,000 | 6,600,656 |
1.63%, 10/31/26 | 3,800,000 | 3,530,883 |
2.00%, 11/15/26 | 8,773,900 | 8,228,273 |
4.63%, 11/15/26 | 8,000,000 | 8,030,625 |
1.25%, 11/30/26 | 10,100,000 | 9,271,484 |
1.63%, 11/30/26 | 3,200,000 | 2,969,000 |
4.38%, 12/15/26 | 9,000,000 | 8,982,773 |
1.25%, 12/31/26 | 8,600,000 | 7,881,430 |
1.75%, 12/31/26 | 3,800,000 | 3,531,773 |
4.00%, 01/15/27 | 10,000,000 | 9,883,203 |
1.50%, 01/31/27 | 12,700,000 | 11,693,426 |
2.25%, 02/15/27 | 7,942,600 | 7,469,457 |
4.13%, 02/15/27 | 10,000,000 | 9,917,578 |
1.13%, 02/28/27 | 800,000 | 727,000 |
1.88%, 02/28/27 | 9,500,000 | 8,827,949 |
0.63%, 03/31/27 | 4,150,000 | 3,704,037 |
2.50%, 03/31/27 | 8,800,000 | 8,322,875 |
0.50%, 04/30/27 | 6,000,000 | 5,316,094 |
2.75%, 04/30/27 | 8,500,000 | 8,088,945 |
2.38%, 05/15/27 | 9,500,000 | 8,932,598 |
0.50%, 05/31/27 | 5,600,000 | 4,947,031 |
2.63%, 05/31/27 | 8,200,000 | 7,764,375 |
0.50%, 06/30/27 | 6,100,000 | 5,373,719 |
3.25%, 06/30/27 | 8,200,000 | 7,915,883 |
0.38%, 07/31/27 | 8,000,000 | 6,994,375 |
2.75%, 07/31/27 | 8,000,000 | 7,589,688 |
2.25%, 08/15/27 | 7,842,000 | 7,312,971 |
0.50%, 08/31/27 | 7,100,000 | 6,218,324 |
3.13%, 08/31/27 | 8,000,000 | 7,678,438 |
0.38%, 09/30/27 | 8,200,000 | 7,127,914 |
4.13%, 09/30/27 | 8,100,000 | 8,035,770 |
0.50%, 10/31/27 | 8,450,000 | 7,357,772 |
4.13%, 10/31/27 | 7,500,000 | 7,439,941 |
2.25%, 11/15/27 | 8,500,000 | 7,894,375 |
0.63%, 11/30/27 | 8,600,000 | 7,504,508 |
3.88%, 11/30/27 | 7,500,000 | 7,376,953 |
0.63%, 12/31/27 | 10,000,000 | 8,700,781 |
3.88%, 12/31/27 | 7,500,000 | 7,376,074 |
0.75%, 01/31/28 | 11,000,000 | 9,594,492 |
3.50%, 01/31/28 | 7,500,000 | 7,275,879 |
2.75%, 02/15/28 | 10,850,000 | 10,230,787 |
1.13%, 02/29/28 | 10,500,000 | 9,278,145 |
4.00%, 02/29/28 | 7,500,000 | 7,408,594 |
1.25%, 03/31/28 | 9,500,000 | 8,419,746 |
3.63%, 03/31/28 | 8,000,000 | 7,791,875 |
1.25%, 04/30/28 | 11,000,000 | 9,725,977 |
3.50%, 04/30/28 | 7,500,000 | 7,268,848 |
2.88%, 05/15/28 | 12,350,000 | 11,671,715 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.25%, 05/31/28 | 11,300,000 | 9,969,602 |
3.63%, 05/31/28 | 8,000,000 | 7,789,062 |
1.25%, 06/30/28 | 10,400,000 | 9,156,063 |
4.00%, 06/30/28 | 8,000,000 | 7,904,688 |
1.00%, 07/31/28 | 10,200,000 | 8,860,453 |
4.13%, 07/31/28 | 7,500,000 | 7,448,438 |
2.88%, 08/15/28 | 11,050,000 | 10,416,352 |
1.13%, 08/31/28 | 10,900,000 | 9,499,606 |
4.38%, 08/31/28 | 7,500,000 | 7,525,195 |
1.25%, 09/30/28 | 10,350,000 | 9,052,611 |
4.63%, 09/30/28 | 8,600,000 | 8,717,242 |
1.38%, 10/31/28 | 10,100,000 | 8,869,852 |
4.88%, 10/31/28 | 9,000,000 | 9,221,133 |
3.13%, 11/15/28 | 9,750,000 | 9,272,402 |
1.50%, 11/30/28 | 10,000,000 | 8,817,969 |
4.38%, 11/30/28 | 9,500,000 | 9,541,934 |
1.38%, 12/31/28 | 9,500,000 | 8,308,418 |
3.75%, 12/31/28 | 9,700,000 | 9,480,992 |
1.75%, 01/31/29 | 9,400,000 | 8,357,922 |
4.00%, 01/31/29 | 10,500,000 | 10,379,824 |
2.63%, 02/15/29 | 10,150,000 | 9,405,799 |
1.88%, 02/28/29 | 8,300,000 | 7,413,262 |
4.25%, 02/28/29 | 12,000,000 | 12,001,875 |
2.38%, 03/31/29 | 8,000,000 | 7,312,500 |
2.88%, 04/30/29 | 7,500,000 | 7,019,531 |
2.38%, 05/15/29 | 8,050,000 | 7,345,625 |
2.75%, 05/31/29 | 6,300,000 | 5,853,340 |
3.25%, 06/30/29 | 6,300,000 | 5,994,105 |
2.63%, 07/31/29 | 6,400,000 | 5,896,750 |
1.63%, 08/15/29 | 7,350,000 | 6,432,111 |
3.13%, 08/31/29 | 6,000,000 | 5,663,906 |
3.88%, 09/30/29 | 5,600,000 | 5,489,750 |
4.00%, 10/31/29 | 5,800,000 | 5,719,117 |
1.75%, 11/15/29 | 4,900,000 | 4,298,410 |
3.88%, 11/30/29 | 5,100,000 | 4,997,402 |
3.88%, 12/31/29 | 5,500,000 | 5,387,637 |
3.50%, 01/31/30 | 5,400,000 | 5,182,523 |
1.50%, 02/15/30 | 10,150,000 | 8,686,576 |
4.00%, 02/28/30 | 5,050,000 | 4,976,025 |
3.63%, 03/31/30 | 5,200,000 | 5,019,828 |
3.50%, 04/30/30 | 5,400,000 | 5,174,719 |
0.63%, 05/15/30 | 14,105,000 | 11,328,629 |
3.75%, 05/31/30 | 5,500,000 | 5,341,230 |
3.75%, 06/30/30 | 5,300,000 | 5,145,762 |
4.00%, 07/31/30 | 5,500,000 | 5,415,566 |
0.63%, 08/15/30 | 17,700,000 | 14,095,699 |
4.13%, 08/31/30 | 6,000,000 | 5,947,031 |
4.63%, 09/30/30 | 5,500,000 | 5,608,711 |
4.88%, 10/31/30 | 6,400,000 | 6,618,500 |
0.88%, 11/15/30 | 18,900,000 | 15,218,930 |
4.38%, 11/30/30 | 6,750,000 | 6,788,496 |
3.75%, 12/31/30 | 6,950,000 | 6,736,613 |
4.00%, 01/31/31 | 7,100,000 | 6,986,289 |
1.13%, 02/15/31 | 17,750,000 | 14,477,344 |
4.25%, 02/28/31 | 8,000,000 | 7,991,875 |
1.63%, 05/15/31 | 17,550,000 | 14,714,578 |
1.25%, 08/15/31 | 19,250,000 | 15,589,492 |
1.38%, 11/15/31 | 18,700,000 | 15,184,984 |
1.88%, 02/15/32 | 19,000,000 | 15,960,000 |
2.88%, 05/15/32 | 18,050,000 | 16,319,738 |
2.75%, 08/15/32 | 18,450,000 | 16,475,273 |
4.13%, 11/15/32 | 18,950,000 | 18,753,098 |
3.50%, 02/15/33 | 16,900,000 | 15,946,734 |
3.38%, 05/15/33 | 17,900,000 | 16,704,336 |
3.88%, 08/15/33 | 20,000,000 | 19,406,250 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 11/15/33 | 21,150,000 | 21,554,824 |
4.00%, 02/15/34 | 10,000,000 | 9,805,469 |
Total Treasuries (Cost $1,975,817,927) | 1,911,245,740 | |
GOVERNMENT RELATED 4.8% OF NET ASSETS | ||
Agency 1.7% | ||
Foreign 0.8% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
1.50%, 02/12/25 | 350,000 | 338,170 |
0.38%, 09/17/25 | 500,000 | 466,780 |
4.63%, 11/03/25 | 500,000 | 497,850 |
0.50%, 02/02/26 | 500,000 | 461,400 |
5.00%, 10/23/26 | 200,000 | 202,020 |
1,966,220 | ||
Canada 0.0% | ||
Export Development Canada | ||
3.38%, 08/26/25 | 350,000 | 342,521 |
4.38%, 06/29/26 | 300,000 | 298,260 |
3.00%, 05/25/27 | 550,000 | 525,343 |
3.88%, 02/14/28 | 750,000 | 734,400 |
1,900,524 | ||
Germany 0.3% | ||
Kreditanstalt fuer Wiederaufbau | ||
2.50%, 11/20/24(h) | 730,000 | 715,918 |
1.25%, 01/31/25(h) | 950,000 | 917,244 |
2.00%, 05/02/25(h) | 450,000 | 434,718 |
3.13%, 06/10/25(h) | 250,000 | 244,370 |
0.38%, 07/18/25(h) | 1,250,000 | 1,175,037 |
0.63%, 01/22/26(h) | 1,000,000 | 926,960 |
1.00%, 10/01/26(h) | 650,000 | 594,874 |
3.00%, 05/20/27(h) | 950,000 | 907,839 |
3.75%, 02/15/28(h) | 400,000 | 389,976 |
2.88%, 04/03/28(h) | 750,000 | 706,590 |
3.88%, 06/15/28(h) | 1,000,000 | 978,510 |
1.75%, 09/14/29(h) | 400,000 | 349,216 |
0.75%, 09/30/30(h) | 400,000 | 318,660 |
4.75%, 10/29/30(h) | 400,000 | 408,596 |
4.13%, 07/15/33(h) | 1,000,000 | 977,700 |
0.00%, 04/18/36(h)(i) | 300,000 | 173,967 |
0.00%, 06/29/37(h)(i) | 450,000 | 246,528 |
Landwirtschaftliche Rentenbank | ||
2.00%, 01/13/25(h) | 300,000 | 291,951 |
0.50%, 05/27/25(h) | 300,000 | 283,857 |
2.38%, 06/10/25(h) | 500,000 | 483,865 |
0.88%, 03/30/26(h) | 250,000 | 231,355 |
1.75%, 07/27/26(h) | 250,000 | 233,835 |
3.88%, 09/28/27(h) | 250,000 | 245,033 |
2.50%, 11/15/27(h) | 250,000 | 233,305 |
0.88%, 09/03/30(h) | 500,000 | 400,435 |
12,870,339 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
2.50%, 05/28/25 | 250,000 | 241,905 |
0.63%, 07/15/25 | 500,000 | 470,270 |
3.88%, 09/16/25 | 300,000 | 294,486 |
2.75%, 01/21/26 | 200,000 | 192,112 |
4.25%, 01/26/26 | 250,000 | 246,802 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.38%, 04/20/26 | 500,000 | 474,570 |
4.25%, 04/27/26 | 750,000 | 739,912 |
1.88%, 07/21/26 | 400,000 | 373,400 |
2.25%, 11/04/26 | 300,000 | 281,019 |
1.63%, 01/20/27 | 200,000 | 183,286 |
2.88%, 06/01/27 | 200,000 | 188,924 |
2.88%, 07/21/27 | 200,000 | 188,594 |
2.75%, 11/16/27 | 450,000 | 420,030 |
3.25%, 07/20/28 | 200,000 | 188,874 |
3.50%, 10/31/28 | 200,000 | 190,054 |
2.13%, 02/16/29 | 250,000 | 221,848 |
2.00%, 10/17/29 | 200,000 | 173,772 |
1.25%, 01/21/31 | 250,000 | 200,263 |
1.88%, 04/15/31 | 700,000 | 581,553 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 186,582 |
2.75%, 04/27/27 | 200,000 | 187,900 |
1.00%, 07/22/30 | 380,000 | 302,043 |
1.75%, 04/28/31 | 200,000 | 163,680 |
6,691,879 | ||
Norway 0.1% | ||
Equinor ASA | ||
2.88%, 04/06/25(a) | 250,000 | 244,145 |
1.75%, 01/22/26(a) | 200,000 | 188,352 |
3.00%, 04/06/27(a) | 200,000 | 189,298 |
3.63%, 09/10/28(a) | 300,000 | 287,172 |
3.13%, 04/06/30(a) | 250,000 | 228,067 |
2.38%, 05/22/30(a) | 300,000 | 260,871 |
3.63%, 04/06/40(a) | 100,000 | 82,570 |
5.10%, 08/17/40 | 114,000 | 112,447 |
4.25%, 11/23/41 | 100,000 | 88,904 |
3.95%, 05/15/43 | 150,000 | 125,409 |
4.80%, 11/08/43 | 100,000 | 94,202 |
3.25%, 11/18/49(a) | 300,000 | 215,853 |
3.70%, 04/06/50(a) | 250,000 | 195,373 |
2,312,663 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
2.88%, 01/21/25 | 400,000 | 391,876 |
0.75%, 09/21/25 | 750,000 | 701,782 |
3.25%, 11/10/25(c) | 750,000 | 727,672 |
1.63%, 01/18/27 | 250,000 | 228,345 |
4.25%, 09/15/27 | 200,000 | 195,808 |
1.25%, 09/21/30 | 500,000 | 400,000 |
2.13%, 01/18/32 | 250,000 | 205,558 |
5.13%, 01/11/33 | 200,000 | 203,138 |
4.63%, 01/11/34 | 200,000 | 195,470 |
2.50%, 06/29/41 | 200,000 | 142,620 |
Korea Development Bank | ||
2.13%, 10/01/24 | 250,000 | 245,282 |
4.00%, 09/08/25 | 200,000 | 196,648 |
3.00%, 01/13/26 | 200,000 | 193,050 |
0.80%, 04/27/26 | 200,000 | 183,004 |
4.38%, 02/15/28 | 500,000 | 493,325 |
4.50%, 02/15/29 | 500,000 | 495,125 |
2.00%, 10/25/31 | 250,000 | 204,405 |
4.25%, 09/08/32 | 250,000 | 238,973 |
4.38%, 02/15/33 | 200,000 | 192,332 |
5,834,413 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
0.38%, 07/30/24 | 200,000 | 195,940 |
0.63%, 05/14/25 | 275,000 | 260,722 |
4.00%, 07/15/25 | 500,000 | 492,840 |
0.50%, 08/26/25 | 150,000 | 140,346 |
4.63%, 11/28/25 | 350,000 | 348,012 |
2.25%, 03/22/27 | 250,000 | 233,040 |
4.13%, 06/14/28 | 200,000 | 196,632 |
4.88%, 10/04/30 | 500,000 | 507,725 |
2,375,257 | ||
33,951,295 | ||
U.S. 0.9% | ||
Federal Farm Credit Banks Funding Corp. | ||
5.13%, 10/10/25 | 3,000,000 | 3,012,150 |
4.88%, 11/13/25 | 3,000,000 | 3,004,650 |
4.00%, 01/06/28 | 500,000 | 492,825 |
Federal Home Loan Banks | ||
0.50%, 04/14/25 | 1,000,000 | 952,100 |
0.88%, 06/12/26 | 500,000 | 460,660 |
4.38%, 06/12/26 | 1,000,000 | 993,780 |
4.75%, 06/12/26 | 1,000,000 | 1,003,070 |
4.63%, 11/17/26 | 2,500,000 | 2,511,250 |
4.00%, 06/30/28 | 2,000,000 | 1,979,760 |
3.25%, 11/16/28 | 2,850,000 | 2,729,588 |
4.75%, 12/08/28 | 1,500,000 | 1,529,985 |
5.50%, 07/15/36 | 330,000 | 361,317 |
Federal Home Loan Mortgage Corp. | ||
0.38%, 07/21/25 | 4,000,000 | 3,764,520 |
0.38%, 09/23/25 | 2,000,000 | 1,868,900 |
6.75%, 03/15/31 | 200,000 | 228,642 |
6.25%, 07/15/32 | 1,100,000 | 1,247,323 |
Federal National Mortgage Association | ||
0.63%, 04/22/25 | 1,000,000 | 952,570 |
0.50%, 06/17/25 | 2,000,000 | 1,892,780 |
0.38%, 08/25/25 | 1,500,000 | 1,405,770 |
0.50%, 11/07/25 | 3,000,000 | 2,797,140 |
2.13%, 04/24/26 | 1,000,000 | 951,130 |
1.88%, 09/24/26 | 1,500,000 | 1,405,950 |
0.75%, 10/08/27 | 500,000 | 439,825 |
6.03%, 10/08/27 | 164,000 | 172,672 |
7.25%, 05/15/30 | 1,000,000 | 1,157,680 |
0.88%, 08/05/30 | 2,000,000 | 1,612,860 |
6.63%, 11/15/30 | 2,180,000 | 2,461,765 |
5.63%, 07/15/37 | 500,000 | 553,330 |
Tennessee Valley Authority | ||
4.65%, 06/15/35 | 655,000 | 654,810 |
4.63%, 09/15/60 | 150,000 | 140,820 |
42,739,622 | ||
76,690,917 | ||
Local Authority 0.8% | ||
Foreign 0.2% | ||
Canada 0.2% | ||
Hydro-Quebec | ||
8.50%, 12/01/29 | 100,000 | 116,981 |
Province of Alberta | ||
1.00%, 05/20/25 | 400,000 | 380,908 |
3.30%, 03/15/28 | 200,000 | 190,502 |
1.30%, 07/22/30 | 450,000 | 369,342 |
4.50%, 01/24/34 | 200,000 | 196,826 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Province of British Columbia | ||
2.25%, 06/02/26 | 150,000 | 142,164 |
0.90%, 07/20/26 | 300,000 | 274,530 |
4.80%, 11/15/28 | 400,000 | 404,756 |
1.30%, 01/29/31(c) | 500,000 | 405,675 |
4.20%, 07/06/33 | 250,000 | 241,688 |
Province of Manitoba | ||
2.13%, 06/22/26 | 230,000 | 216,954 |
1.50%, 10/25/28 | 150,000 | 131,073 |
Province of New Brunswick | ||
3.63%, 02/24/28 | 150,000 | 143,879 |
Province of Ontario | ||
0.63%, 01/21/26 | 250,000 | 231,280 |
1.05%, 04/14/26 | 500,000 | 462,990 |
2.50%, 04/27/26 | 200,000 | 190,856 |
2.30%, 06/15/26 | 200,000 | 189,506 |
3.10%, 05/19/27 | 400,000 | 382,076 |
1.05%, 05/21/27 | 450,000 | 402,205 |
4.20%, 01/18/29 | 500,000 | 492,795 |
2.00%, 10/02/29 | 200,000 | 175,182 |
1.13%, 10/07/30 | 500,000 | 403,235 |
1.60%, 02/25/31 | 250,000 | 206,190 |
1.80%, 10/14/31 | 500,000 | 412,200 |
Province of Quebec | ||
1.50%, 02/11/25 | 350,000 | 338,146 |
0.60%, 07/23/25 | 500,000 | 470,810 |
2.50%, 04/20/26 | 450,000 | 429,628 |
2.75%, 04/12/27 | 200,000 | 189,282 |
3.63%, 04/13/28 | 500,000 | 482,340 |
7.50%, 09/15/29 | 421,000 | 480,710 |
1.35%, 05/28/30 | 250,000 | 207,050 |
1.90%, 04/21/31 | 250,000 | 209,608 |
4.50%, 09/08/33 | 200,000 | 197,548 |
Province of Saskatchewan | ||
3.25%, 06/08/27 | 200,000 | 191,550 |
9,960,465 | ||
U.S. 0.6% | ||
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 90,000 | 95,979 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 334,207 |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 400,000 | 455,264 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 230,000 | 279,888 |
Board of Regents of the University of Texas System | ||
TXBL-SER A | ||
3.35%, 08/15/47 (a) | 250,000 | 186,354 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 900,000 | 1,060,439 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 400,000 | 486,604 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 500,000 | 585,231 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 200,000 | 235,232 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47(a) | 50,000 | 42,410 |
TXBL-REF-SER B | ||
2.98%, 11/01/51(a) | 200,000 | 140,882 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 100,000 | 110,127 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 137,956 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 708,318 | 788,306 |
City of Atlanta GA Water & Wastewater Revenue | ||
2.26%, 11/01/35 (a) | 125,000 | 99,713 |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 120,000 | 103,924 |
City of New York | ||
6.27%, 12/01/37 | 200,000 | 215,838 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 190,000 | 204,841 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 200,000 | 185,405 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 103,810 |
Series H | ||
2.90%, 09/01/49 | 100,000 | 70,204 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 100,000 | 103,921 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 250,000 | 260,932 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 150,000 | 175,417 |
County of Miami-Dade Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42 (a) | 100,000 | 80,983 |
Dallas Area Rapid Transit | ||
Series B | ||
6.00%, 12/01/44 | 140,000 | 153,180 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 100,000 | 103,536 |
Dallas/Fort Worth International Airport | ||
RB Series 2020C | ||
2.92%, 11/01/50 | 250,000 | 175,849 |
Series A | ||
2.99%, 11/01/38 | 100,000 | 82,471 |
Series C | ||
3.09%, 11/01/40(a) | 250,000 | 197,060 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 100,000 | 91,414 |
East Bay Municipal Utility District Water System Revenue | ||
Water System RB (Build America Bonds) Series 2010 | ||
5.87%, 06/01/40 | 330,000 | 350,867 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
3.92%, 01/15/53 (a) | 100,000 | 80,553 |
Golden State Tobacco Securitization Corp. | ||
3.71%, 06/01/41(a) | 100,000 | 76,621 |
4.21%, 06/01/50(a) | 100,000 | 75,989 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 100,000 | 100,290 |
Health & Educational Facilities Authority of the State of Missouri | ||
3.23%, 05/15/50 (a) | 150,000 | 108,717 |
Illinois | ||
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 101,538 | 106,159 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 1,537,000 | 1,515,298 |
Illinois State Toll Highway Authority | ||
RB (Build America Bonds) Series A | ||
6.18%, 01/01/34 | 100,000 | 107,855 |
JobsOhio Beverage System | ||
2.83%, 01/01/38 | 50,000 | 41,017 |
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 415,000 | 405,887 |
Series B | ||
4.53%, 01/01/35 | 300,000 | 295,039 |
Kansas Development Finance Authority | ||
RB Series H | ||
4.93%, 04/15/45 | 100,000 | 95,121 |
Los Angeles Community College District/CA | ||
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 275,000 | 246,002 |
GO Bonds Series 2020 | ||
2.11%, 08/01/32(a) | 250,000 | 207,574 |
Los Angeles County Public Works Financing Auth | ||
7.62%, 08/01/40 | 100,000 | 121,216 |
Los Angeles Department of Water & Power Power System | ||
5.72%, 07/01/39 | 100,000 | 103,810 |
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 200,000 | 229,291 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 250,000 | 259,021 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 500,000 | 548,689 |
Louisiana Local Government Environmental Facilities & Community Development Authority | ||
5.05%, 12/01/34(a) | 250,000 | 251,648 |
RB Series A | ||
4.15%, 02/01/33(a) | 250,000 | 241,750 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Maryland Health & Higher Educational Facilities Authority | ||
RB Series D | ||
3.05%, 07/01/40(a) | 150,000 | 112,054 |
RB Series D | ||
3.20%, 07/01/50 | 150,000 | 102,877 |
Massachusetts School Building Authority | ||
RB Series B | ||
1.75%, 08/15/30 | 500,000 | 426,163 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Board | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 130,000 | 126,658 |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 200,000 | 241,182 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 330,000 | 365,556 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 200,000 | 163,289 |
Michigan State Building Authority | ||
RB Series 2020 | ||
2.71%, 10/15/40 (a) | 250,000 | 186,844 |
Municipal Electric Authority of Georgia | ||
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 142,000 | 157,968 |
RB (Build America Bonds) Series A | ||
6.64%, 04/01/57 | 142,000 | 159,551 |
RB Series B | ||
7.06%, 04/01/57 | 294,000 | 319,274 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 250,000 | 267,939 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 330,000 | 333,604 |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 350,000 | 427,100 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 350,000 | 409,516 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.57%, 11/01/38 | 200,000 | 205,464 |
New York City Water & Sewer System | ||
RB (Build America Bonds) Series GG | ||
5.72%, 06/15/42 | 125,000 | 129,452 |
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 269,206 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 100,000 | 106,805 |
New York State Dormitory Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 50,000 | 52,744 |
RB Series 2009F | ||
5.63%, 03/15/39 | 100,000 | 103,755 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 100,000 | 101,356 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 150,000 | 176,657 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 300,000 | 291,217 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 430,000 | 437,220 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 240,000 | 242,672 |
Port Authority of New York & New Jersey | ||
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 150,000 | 157,998 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 100,000 | 106,018 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 200,000 | 194,492 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 450,000 | 401,827 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 100,000 | 95,747 |
Consolidated Bonds 192th Series | ||
4.81%, 10/15/65 | 170,000 | 160,593 |
Consolidated Bonds 215th Series | ||
3.29%, 08/01/69 | 100,000 | 67,162 |
Regents of the University of California Medical Center Pooled Revenue | ||
RB (Build America Bonds) Series F | ||
6.58%, 05/15/49 | 75,000 | 85,511 |
RB (Build America Bonds) Series H | ||
6.55%, 05/15/48 | 100,000 | 115,223 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 50,000 | 54,664 |
Rutgers The State University of New Jersey | ||
Series P | ||
3.92%, 05/01/19 (a) | 100,000 | 71,069 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 15,000 | 12,528 |
RB Series B | ||
3.82%, 01/01/48 | 150,000 | 120,557 |
San Diego County Water Authority., Class B | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 100,000 | 110,214 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 100,000 | 89,991 |
State Board of Administration Finance Corp. | ||
Series A | ||
1.71%, 07/01/27 | 400,000 | 360,294 |
Series A | ||
2.15%, 07/01/30 | 600,000 | 506,141 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
State of California | ||
2.38%, 10/01/26 | 175,000 | 165,170 |
7.63%, 03/01/40 | 300,000 | 365,361 |
GO Bonds | ||
7.60%, 11/01/40 | 300,000 | 371,589 |
State of Illinois | ||
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 85,714 | 92,570 |
State of Washington | ||
5.14%, 08/01/40 | 100,000 | 100,964 |
Texas | ||
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 580,000 | 607,158 |
Texas Natural Gas Securitization Finance Corp. | ||
5.10%, 04/01/35(a) | 200,000 | 201,927 |
5.17%, 04/01/41(a) | 200,000 | 203,036 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 150,000 | 122,034 |
Texas Transportation Commission | ||
GO Bonds Series 2020 | ||
2.47%, 10/01/44 (a) | 400,000 | 276,168 |
The Pennsylvania State University | ||
2.84%, 09/01/50 | 150,000 | 104,391 |
University of California | ||
0.88%, 05/15/25(a) | 250,000 | 238,005 |
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 500,000 | 524,904 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 150,000 | 134,908 |
RB Series 2020BG | ||
1.32%, 05/15/27(a) | 195,000 | 175,454 |
RB Series AD | ||
4.86%, 05/15/12 | 100,000 | 92,146 |
RB Series BG | ||
1.61%, 05/15/30(a) | 250,000 | 209,043 |
University of Michigan | ||
4.45%, 04/01/22(a) | 100,000 | 85,488 |
Series B | ||
2.44%, 04/01/40(a) | 250,000 | 180,564 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 100,000 | 67,069 |
University of Virginia | ||
General Revenue Pledge and Refunding Bonds, Series 2020 | ||
2.26%, 09/01/50(a) | 400,000 | 243,022 |
Series C | ||
4.18%, 09/01/17(a) | 100,000 | 79,904 |
26,182,818 | ||
36,143,283 | ||
Sovereign 0.9% | ||
Canada 0.0% | ||
Canada Government International Bonds | ||
2.88%, 04/28/25 | 650,000 | 634,491 |
0.75%, 05/19/26 | 250,000 | 229,855 |
3.75%, 04/26/28 | 500,000 | 487,545 |
1,351,891 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Chile 0.1% | ||
Chile Government International Bonds | ||
3.13%, 01/21/26 | 200,000 | 193,346 |
3.24%, 02/06/28(a) | 250,000 | 234,342 |
2.45%, 01/31/31(a) | 300,000 | 255,663 |
2.55%, 01/27/32(a) | 200,000 | 168,588 |
2.55%, 07/27/33(a) | 500,000 | 405,180 |
4.95%, 01/05/36(a) | 400,843 | 387,968 |
3.10%, 05/07/41(a) | 550,000 | 404,701 |
4.34%, 03/07/42(a) | 250,000 | 216,828 |
3.63%, 10/30/42 | 150,000 | 117,029 |
3.86%, 06/21/47 | 200,000 | 157,284 |
3.50%, 01/25/50(a) | 500,000 | 363,695 |
4.00%, 01/31/52(a) | 200,000 | 157,458 |
5.33%, 01/05/54(a) | 300,000 | 287,385 |
3.10%, 01/22/61(a) | 450,000 | 282,658 |
3.25%, 09/21/71(a) | 200,000 | 125,924 |
3,758,049 | ||
Hungary 0.0% | ||
Hungary Government International Bonds | ||
7.63%, 03/29/41 | 300,000 | 343,992 |
Indonesia 0.1% | ||
Indonesia Government International Bonds | ||
3.50%, 01/11/28 | 200,000 | 189,902 |
4.55%, 01/11/28(a) | 300,000 | 295,527 |
4.10%, 04/24/28 | 250,000 | 241,913 |
4.75%, 02/11/29 | 200,000 | 198,116 |
3.40%, 09/18/29 | 250,000 | 231,000 |
2.85%, 02/14/30 | 400,000 | 355,428 |
3.85%, 10/15/30 | 300,000 | 279,546 |
2.15%, 07/28/31(a) | 200,000 | 164,060 |
4.65%, 09/20/32(a) | 250,000 | 241,920 |
4.85%, 01/11/33(a) | 200,000 | 196,576 |
4.35%, 01/11/48 | 400,000 | 346,032 |
5.35%, 02/11/49 | 200,000 | 199,904 |
3.70%, 10/30/49 | 300,000 | 231,186 |
3.50%, 02/14/50 | 200,000 | 147,834 |
4.20%, 10/15/50 | 250,000 | 208,460 |
3.05%, 03/12/51 | 400,000 | 279,980 |
5.65%, 01/11/53(a) | 200,000 | 206,658 |
4.45%, 04/15/70 | 200,000 | 166,656 |
3.35%, 03/12/71 | 200,000 | 131,298 |
4,311,996 | ||
Israel 0.1% | ||
Israel Government International Bonds | ||
2.88%, 03/16/26 | 200,000 | 190,276 |
3.25%, 01/17/28 | 200,000 | 185,334 |
2.75%, 07/03/30 | 350,000 | 300,132 |
4.50%, 01/17/33 | 350,000 | 326,252 |
4.50%, 01/30/43 | 300,000 | 259,380 |
4.13%, 01/17/48 | 200,000 | 156,548 |
3.88%, 07/03/50 | 300,000 | 221,424 |
4.50%, 04/03/20 | 200,000 | 147,476 |
State of Israel | ||
2.50%, 01/15/30 | 200,000 | 171,166 |
3.38%, 01/15/50 | 350,000 | 235,813 |
2,193,801 | ||
Italy 0.0% | ||
Republic of Italy Government International Bonds | ||
1.25%, 02/17/26 | 600,000 | 554,568 |
2.88%, 10/17/29 | 475,000 | 418,993 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.38%, 06/15/33 | 250,000 | 245,860 |
4.00%, 10/17/49 | 550,000 | 397,254 |
3.88%, 05/06/51 | 500,000 | 346,505 |
1,963,180 | ||
Mexico 0.2% | ||
Mexico Government International Bonds | ||
3.90%, 04/27/25(a) | 200,000 | 197,196 |
4.13%, 01/21/26 | 288,000 | 282,995 |
4.15%, 03/28/27 | 500,000 | 488,395 |
3.75%, 01/11/28 | 800,000 | 759,016 |
4.50%, 04/22/29 | 600,000 | 578,058 |
3.25%, 04/16/30(a) | 500,000 | 443,215 |
2.66%, 05/24/31(a) | 400,000 | 331,856 |
8.30%, 08/15/31 | 150,000 | 177,624 |
4.75%, 04/27/32(a) | 700,000 | 659,995 |
4.88%, 05/19/33(a) | 400,000 | 377,188 |
6.75%, 09/27/34 | 362,000 | 382,960 |
6.00%, 05/07/36(a) | 750,000 | 748,687 |
6.05%, 01/11/40 | 700,000 | 687,169 |
4.28%, 08/14/41(a) | 400,000 | 318,364 |
4.75%, 03/08/44 | 950,000 | 786,153 |
5.55%, 01/21/45 | 550,000 | 508,051 |
4.60%, 01/23/46 | 450,000 | 359,852 |
4.35%, 01/15/47 | 300,000 | 231,939 |
4.60%, 02/10/48 | 400,000 | 317,024 |
4.50%, 01/31/50(a) | 475,000 | 370,491 |
5.00%, 04/27/51(a) | 450,000 | 375,259 |
4.40%, 02/12/52(a) | 250,000 | 189,145 |
6.34%, 05/04/53(a) | 400,000 | 391,632 |
6.40%, 05/07/54(a) | 300,000 | 296,466 |
3.77%, 05/24/61(a) | 600,000 | 386,862 |
5.75%, 10/12/10 | 420,000 | 364,203 |
11,009,795 | ||
Panama 0.1% | ||
Panama Government International Bonds | ||
3.75%, 03/16/25(a) | 300,000 | 293,091 |
8.88%, 09/30/27 | 250,000 | 270,002 |
3.88%, 03/17/28(a) | 200,000 | 181,462 |
9.38%, 04/01/29 | 100,000 | 110,748 |
3.16%, 01/23/30(a) | 200,000 | 164,736 |
2.25%, 09/29/32(a) | 1,000,000 | 703,000 |
3.30%, 01/19/33(a) | 200,000 | 151,422 |
6.40%, 02/14/35(a) | 250,000 | 231,298 |
6.70%, 01/26/36 | 131,000 | 124,100 |
4.50%, 05/15/47 | 250,000 | 167,413 |
4.50%, 04/16/50(a) | 400,000 | 261,376 |
4.30%, 04/29/53 | 200,000 | 126,050 |
6.85%, 03/28/54(a) | 200,000 | 176,690 |
4.50%, 04/01/56(a) | 550,000 | 348,282 |
3.87%, 07/23/60(a) | 650,000 | 364,942 |
4.50%, 01/19/63(a) | 250,000 | 155,700 |
3,830,312 | ||
Peru 0.1% | ||
Peru Government International Bonds | ||
7.35%, 07/21/25 | 250,000 | 256,562 |
2.39%, 01/23/26(a) | 200,000 | 189,666 |
4.13%, 08/25/27 | 250,000 | 242,172 |
2.84%, 06/20/30 | 150,000 | 131,003 |
2.78%, 01/23/31(a) | 400,000 | 340,888 |
1.86%, 12/01/32(a) | 300,000 | 227,589 |
8.75%, 11/21/33 | 450,000 | 553,743 |
3.00%, 01/15/34(a) | 200,000 | 163,038 |
6.55%, 03/14/37 | 300,000 | 324,279 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 03/11/41(a) | 250,000 | 185,968 |
5.63%, 11/18/50 | 395,000 | 392,041 |
3.55%, 03/10/51(a) | 350,000 | 251,975 |
2.78%, 12/01/60(a) | 250,000 | 143,793 |
3.60%, 01/15/72(a) | 200,000 | 131,786 |
3.23%, 07/28/21(a) | 200,000 | 114,686 |
3,649,189 | ||
Philippines 0.1% | ||
Philippines Government International Bonds | ||
10.63%, 03/16/25 | 800,000 | 845,872 |
5.50%, 03/30/26 | 200,000 | 202,632 |
3.00%, 02/01/28 | 400,000 | 371,928 |
3.75%, 01/14/29 | 200,000 | 189,708 |
9.50%, 02/02/30 | 250,000 | 307,490 |
2.46%, 05/05/30 | 200,000 | 172,664 |
7.75%, 01/14/31 | 350,000 | 404,127 |
1.95%, 01/06/32 | 200,000 | 159,958 |
6.38%, 01/15/32 | 300,000 | 324,864 |
5.61%, 04/13/33 | 200,000 | 207,586 |
6.38%, 10/23/34 | 600,000 | 660,084 |
3.95%, 01/20/40 | 600,000 | 514,530 |
3.70%, 03/01/41 | 550,000 | 450,615 |
3.70%, 02/02/42 | 400,000 | 325,416 |
2.95%, 05/05/45 | 200,000 | 138,862 |
3.20%, 07/06/46 | 500,000 | 357,645 |
4.20%, 03/29/47 | 200,000 | 167,346 |
5.50%, 01/17/48 | 200,000 | 203,616 |
6,004,943 | ||
Poland 0.0% | ||
Republic of Poland Government International Bonds | ||
3.25%, 04/06/26 | 1,000,000 | 973,830 |
5.75%, 11/16/32(a) | 300,000 | 313,347 |
4.88%, 10/04/33(a) | 400,000 | 392,484 |
5.50%, 04/04/53(a) | 350,000 | 350,480 |
2,030,141 | ||
Republic of Korea 0.0% | ||
Korea International Bonds | ||
5.63%, 11/03/25(c) | 232,000 | 234,227 |
2.75%, 01/19/27 | 250,000 | 237,058 |
3.50%, 09/20/28 | 200,000 | 191,576 |
2.50%, 06/19/29 | 200,000 | 181,378 |
1.75%, 10/15/31(c) | 200,000 | 164,946 |
4.13%, 06/10/44 | 200,000 | 180,344 |
1,189,529 | ||
Uruguay 0.1% | ||
Uruguay Government International Bonds | ||
4.38%, 10/27/27 | 300,000 | 297,036 |
4.38%, 01/23/31(a) | 350,000 | 341,527 |
5.75%, 10/28/34(a) | 200,000 | 210,492 |
7.63%, 03/21/36 | 250,000 | 300,990 |
4.13%, 11/20/45 | 150,000 | 130,989 |
5.10%, 06/18/50 | 750,000 | 721,867 |
4.98%, 04/20/55 | 400,000 | 373,300 |
2,376,201 | ||
44,013,019 | ||
Supranational* 1.4% | ||
African Development Bank | ||
3.38%, 07/07/25 | 250,000 | 244,900 |
0.88%, 03/23/26 | 250,000 | 231,455 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.88%, 07/22/26 | 500,000 | 457,895 |
4.63%, 01/04/27 | 350,000 | 350,718 |
4.13%, 02/25/27 | 500,000 | 494,375 |
4.38%, 11/03/27 | 500,000 | 498,315 |
4.38%, 03/14/28 | 250,000 | 249,315 |
5.75%, 05/07/34(j) | 200,000 | 196,150 |
Asian Development Bank | ||
0.63%, 04/29/25 | 400,000 | 380,420 |
2.88%, 05/06/25 | 550,000 | 536,674 |
0.38%, 09/03/25 | 800,000 | 748,360 |
4.25%, 01/09/26 | 1,000,000 | 991,490 |
0.50%, 02/04/26 | 750,000 | 692,415 |
1.00%, 04/14/26 | 1,000,000 | 926,770 |
2.00%, 04/24/26 | 500,000 | 472,995 |
2.63%, 01/12/27 | 500,000 | 474,930 |
4.13%, 01/12/27 | 500,000 | 494,670 |
1.50%, 01/20/27 | 500,000 | 459,690 |
3.13%, 08/20/27 | 500,000 | 478,510 |
2.50%, 11/02/27 | 500,000 | 467,235 |
2.75%, 01/19/28 | 200,000 | 187,960 |
3.75%, 04/25/28 | 500,000 | 487,185 |
5.82%, 06/16/28 | 250,000 | 262,658 |
4.50%, 08/25/28 | 500,000 | 502,345 |
1.88%, 03/15/29 | 300,000 | 266,361 |
1.75%, 09/19/29 | 250,000 | 217,770 |
1.88%, 01/24/30 | 400,000 | 347,552 |
0.75%, 10/08/30 | 750,000 | 594,637 |
1.50%, 03/04/31 | 500,000 | 413,815 |
3.88%, 09/28/32 | 650,000 | 625,865 |
4.00%, 01/12/33 | 350,000 | 339,588 |
3.88%, 06/14/33 | 350,000 | 335,885 |
4.13%, 01/12/34 | 350,000 | 342,269 |
Asian Infrastructure Investment Bank | ||
0.50%, 05/28/25 | 500,000 | 472,820 |
3.38%, 06/29/25 | 300,000 | 293,640 |
0.50%, 01/27/26 | 1,750,000 | 1,615,390 |
4.13%, 01/18/29 | 500,000 | 493,890 |
Corp. Andina de Fomento | ||
1.63%, 09/23/25 | 300,000 | 283,191 |
2.25%, 02/08/27 | 400,000 | 368,064 |
5.00%, 01/24/29 | 500,000 | 498,010 |
Council of Europe Development Bank | ||
1.38%, 02/27/25 | 650,000 | 626,632 |
0.88%, 09/22/26 | 400,000 | 364,432 |
European Bank for Reconstruction & Development | ||
1.63%, 09/27/24 | 250,000 | 244,875 |
0.50%, 05/19/25 | 850,000 | 805,171 |
0.50%, 11/25/25 | 500,000 | 464,585 |
0.50%, 01/28/26 | 500,000 | 461,915 |
4.13%, 01/25/29 | 500,000 | 494,425 |
European Investment Bank | ||
1.88%, 02/10/25 | 450,000 | 436,824 |
1.63%, 03/14/25 | 700,000 | 676,095 |
0.63%, 07/25/25 | 1,000,000 | 943,040 |
0.38%, 12/15/25 | 1,000,000 | 925,770 |
0.38%, 03/26/26 | 500,000 | 458,430 |
2.13%, 04/13/26 | 500,000 | 474,915 |
0.75%, 10/26/26 | 500,000 | 453,365 |
1.38%, 03/15/27 | 750,000 | 684,705 |
2.38%, 05/24/27 | 450,000 | 422,289 |
3.25%, 11/15/27 | 500,000 | 479,885 |
3.88%, 03/15/28 | 750,000 | 735,292 |
4.50%, 10/16/28 | 750,000 | 754,245 |
4.00%, 02/15/29 | 750,000 | 737,932 |
1.63%, 10/09/29 | 350,000 | 302,953 |
0.88%, 05/17/30 | 170,000 | 138,026 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.75%, 09/23/30 | 500,000 | 398,845 |
1.25%, 02/14/31 | 500,000 | 408,810 |
1.63%, 05/13/31 | 250,000 | 208,828 |
3.75%, 02/14/33 | 500,000 | 477,865 |
4.88%, 02/15/36 | 1,750,000 | 1,816,342 |
Inter-American Development Bank | ||
1.75%, 03/14/25 | 500,000 | 483,245 |
0.88%, 04/03/25 | 300,000 | 286,806 |
0.63%, 07/15/25 | 400,000 | 377,336 |
0.88%, 04/20/26 | 250,000 | 231,030 |
4.50%, 05/15/26 | 500,000 | 498,535 |
2.00%, 06/02/26 | 524,000 | 494,556 |
2.00%, 07/23/26 | 300,000 | 282,414 |
1.50%, 01/13/27 | 500,000 | 460,000 |
2.38%, 07/07/27 | 350,000 | 327,331 |
0.63%, 09/16/27 | 1,000,000 | 875,640 |
1.13%, 07/20/28 | 500,000 | 435,410 |
3.13%, 09/18/28 | 650,000 | 616,102 |
4.13%, 02/15/29 | 500,000 | 494,715 |
2.25%, 06/18/29 | 700,000 | 629,797 |
3.50%, 09/14/29 | 500,000 | 478,245 |
1.13%, 01/13/31 | 750,000 | 606,345 |
3.50%, 04/12/33 | 500,000 | 465,500 |
4.50%, 09/13/33 | 350,000 | 352,163 |
4.38%, 01/24/44 | 500,000 | 475,895 |
Inter-American Investment Corp. | ||
2.63%, 04/22/25 | 250,000 | 243,050 |
International Bank for Reconstruction & Development | ||
0.75%, 03/11/25 | 850,000 | 813,671 |
0.63%, 04/22/25 | 1,500,000 | 1,427,865 |
0.38%, 07/28/25 | 1,250,000 | 1,173,850 |
2.50%, 07/29/25 | 1,150,000 | 1,112,682 |
0.50%, 10/28/25 | 1,000,000 | 932,060 |
0.88%, 07/15/26 | 550,000 | 504,680 |
1.88%, 10/27/26 | 200,000 | 186,806 |
3.13%, 06/15/27 | 500,000 | 479,800 |
2.50%, 11/22/27 | 350,000 | 326,897 |
0.75%, 11/24/27 | 1,000,000 | 874,150 |
1.38%, 04/20/28 | 1,000,000 | 885,510 |
3.50%, 07/12/28 | 1,000,000 | 964,860 |
1.13%, 09/13/28 | 500,000 | 433,615 |
3.63%, 09/21/29 | 500,000 | 481,640 |
1.75%, 10/23/29 | 450,000 | 390,969 |
3.88%, 02/14/30 | 1,000,000 | 973,240 |
0.88%, 05/14/30 | 500,000 | 404,635 |
4.00%, 07/25/30 | 750,000 | 733,395 |
0.75%, 08/26/30 | 750,000 | 596,715 |
4.00%, 01/10/31 | 800,000 | 780,800 |
1.25%, 02/10/31 | 750,000 | 610,125 |
1.63%, 11/03/31 | 1,000,000 | 822,480 |
2.50%, 03/29/32 | 750,000 | 655,110 |
4.75%, 11/14/33 | 550,000 | 565,185 |
4.75%, 02/15/35 | 80,000 | 81,221 |
International Finance Corp. | ||
0.38%, 07/16/25 | 450,000 | 423,144 |
3.63%, 09/15/25 | 500,000 | 490,800 |
2.13%, 04/07/26 | 200,000 | 190,008 |
0.75%, 10/08/26 | 300,000 | 272,442 |
4.50%, 07/13/28 | 250,000 | 251,143 |
0.75%, 08/27/30 | 400,000 | 318,784 |
Nordic Investment Bank | ||
2.63%, 04/04/25 | 250,000 | 243,540 |
0.38%, 09/11/25 | 450,000 | 420,755 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.50%, 01/21/26 | 250,000 | 231,155 |
4.38%, 03/14/28 | 250,000 | 249,360 |
63,609,875 | ||
Total Government Related (Cost $242,869,571) | 220,457,094 | |
SECURITIZED 28.1% OF NET ASSETS | ||
Asset-Backed Securities 0.0% | ||
Auto Backed 0.0% | ||
Ford Credit Floorplan Master Owner Trust A | ||
Series 2019-2, Class A | ||
3.06%, 04/15/26 (a) | 172,000 | 171,509 |
Credit Card 0.0% | ||
Capital One Multi-Asset Execution Trust | ||
Series 2019-A3, Class A3 | ||
2.06%, 08/15/28 (a) | 1,000,000 | 933,711 |
Electric 0.0% | ||
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/32 | 82,328 | 78,661 |
4.26%, 06/01/38 | 100,000 | 94,242 |
4.45%, 12/01/49 | 200,000 | 179,994 |
4.67%, 12/01/53 | 200,000 | 186,378 |
5.10%, 06/01/54 | 175,000 | 172,844 |
712,119 | ||
1,817,339 | ||
Commercial Mortgage-Backed Security 2.1% | ||
Bank | ||
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60(a) | 150,000 | 141,154 |
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50(a) | 1,190,000 | 1,097,375 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54(a) | 950,000 | 893,832 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61(a) | 600,000 | 525,995 |
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63(a) | 300,000 | 256,008 |
Bank of America Merrill Lynch Commercial Mortgage Trust | ||
Series 2016-UB10, Class A3 | ||
2.90%, 07/15/49 (a) | 141,063 | 134,320 |
BBCMS Mortgage Trust | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51 (a) | 449,000 | 428,590 |
Benchmark Mortgage Trust | ||
Series 2019-B10, Class A4 | ||
3.72%, 03/15/62(a) | 5,090,000 | 4,736,808 |
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52(a) | 700,000 | 632,327 |
Series 2019-B13, Class A4 | ||
2.95%, 08/15/57(a) | 3,500,000 | 3,121,132 |
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52(a) | 600,000 | 558,890 |
Series 2020-B16, Class A5 | ||
2.73%, 02/15/53(a) | 1,000,000 | 873,130 |
CD Mortgage Trust | ||
Series 2016-CD2, Class A4 | ||
3.53%, 11/10/49 (a) | 240,000 | 223,235 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48(a) | 402,000 | 388,077 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58(a) | 430,000 | 410,252 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54(a) | 2,200,000 | 2,085,484 |
Citigroup Commercial Mortgage Trust | ||
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47(a) | 253,748 | 249,955 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49(a) | 2,260,000 | 2,150,931 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49(a) | 100,000 | 94,997 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50(a) | 5,700,000 | 5,340,888 |
COMM Mortgage Trust | ||
Series 2014-LC17, Class A5 | ||
3.92%, 10/10/47(a) | 45,000 | 44,430 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48(a) | 1,148,000 | 1,114,574 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48(a) | 330,000 | 318,450 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49(a) | 602,000 | 580,744 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49(a) | 300,000 | 289,292 |
CSAIL Commercial Mortgage Trust | ||
Series 2019-C17, Class A5 | ||
3.02%, 09/15/52 (a) | 2,500,000 | 2,201,593 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a) | 2,000,000 | 1,894,631 |
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||
Series K052, Class A2 | ||
3.15%, 11/25/25(a) | 100,000 | 97,087 |
Series K054, Class A2 | ||
2.75%, 01/25/26(a) | 10,000 | 9,619 |
Series K058, Class A2 | ||
2.65%, 08/25/26(a) | 600,000 | 570,116 |
Series K061, Class A2 | ||
3.35%, 11/25/26(a)(k) | 2,486,885 | 2,397,941 |
Series K062, Class A2 | ||
3.41%, 12/25/26(a) | 300,000 | 289,382 |
Series K064, Class A2 | ||
3.22%, 03/25/27(a) | 750,000 | 718,702 |
Series K066, Class A2 | ||
3.12%, 06/25/27(a) | 1,200,000 | 1,142,819 |
Series K070, Class A2 | ||
3.30%, 11/25/27(a)(k) | 500,000 | 476,312 |
Series K071, Class A2 | ||
3.29%, 11/25/27(a) | 2,000,000 | 1,902,208 |
Series K072, Class A2 | ||
3.44%, 12/25/27(a) | 900,000 | 860,208 |
Series K074, Class A1 | ||
3.60%, 09/25/27(a) | 45,741 | 44,944 |
Series K074, Class A2 | ||
3.60%, 01/25/28(a) | 3,500,000 | 3,360,709 |
Series K078, Class A2 | ||
3.85%, 06/25/28(a) | 1,182,367 | 1,142,828 |
Series K083, Class A2 | ||
4.05%, 09/25/28(a)(k) | 250,000 | 243,019 |
Series K085, Class A2 | ||
4.06%, 10/25/28(a)(k) | 700,000 | 680,116 |
Series K087, Class A2 | ||
3.77%, 12/25/28(a) | 100,000 | 96,023 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series K088, Class A2 | ||
3.69%, 01/25/29(a) | 975,000 | 932,580 |
Series K089, Class A2 | ||
3.56%, 01/25/29(a) | 1,500,000 | 1,426,378 |
Series K099, Class A2 | ||
2.60%, 09/25/29(a) | 2,210,000 | 1,982,733 |
Series K112, Class A2 | ||
1.31%, 05/25/30(a) | 1,910,000 | 1,561,828 |
Series K130, Class A2 | ||
1.72%, 06/25/31(a) | 2,000,000 | 1,634,093 |
Series K149, Class A2 | ||
3.53%, 08/25/32(a) | 1,000,000 | 915,146 |
Series K150, Class A2 | ||
3.71%, 09/25/32(a) | 700,000 | 648,676 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31(a) | 2,500,000 | 2,241,889 |
Series K153, Class A2 | ||
3.82%, 12/25/32(a)(k) | 1,200,000 | 1,119,905 |
Series K154, Class A2 | ||
3.42%, 04/25/32(a) | 700,000 | 656,569 |
Series K157, Class A2 | ||
3.99%, 05/25/33(a) | 360,000 | 343,987 |
Series K157, Class A2 | ||
4.20%, 05/25/33(a) | 800,000 | 766,638 |
Series K159, Class A2 | ||
4.50%, 07/25/33(a) | 2,700,000 | 2,646,153 |
Series K733, Class A2 | ||
3.75%, 08/25/25(a)(k) | 1,389,438 | 1,362,478 |
Series K735, Class A2 | ||
2.86%, 05/25/26(a) | 811,062 | 778,335 |
Series KS03, Class A4 | ||
3.16%, 05/25/25(a)(k) | 150,000 | 147,106 |
Federal National Mortgage Association-Aces | ||
Series 2015-M13, Class A2 | ||
2.70%, 06/25/25(a)(k) | 133,465 | 129,629 |
Series 2016-M11, Class A2 | ||
2.37%, 07/25/26(a)(k) | 729,153 | 689,963 |
GS Mortgage Securities Trust | ||
Series 2014-GC20, Class A5 | ||
4.00%, 04/10/47(a) | 35,277 | 35,178 |
Series 2020-GC45, Class A5 | ||
2.91%, 02/13/53(a) | 3,000,000 | 2,642,646 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2016-JP4, Class A4 | ||
3.65%, 12/15/49 (a)(k) | 2,034,000 | 1,920,063 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C32, Class A5 | ||
3.60%, 11/15/48(a) | 1,000,000 | 953,773 |
Series 2015-C33, Class A3 | ||
3.50%, 12/15/48(a) | 454,084 | 441,651 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48(a) | 2,550,000 | 2,466,195 |
JPMCC Commercial Mortgage Securities Trust | ||
Series 2017-JP5, Class A5 | ||
3.72%, 03/15/50 (a) | 2,430,000 | 2,306,137 |
JPMDB Commercial Mortgage Securities Trust | ||
Series 2018-C8, Class A3 | ||
3.94%, 06/15/51 (a) | 274,077 | 257,569 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2016-C28, Class A4 | ||
3.54%, 01/15/49 (a) | 1,300,000 | 1,246,197 |
Morgan Stanley Capital I Trust | ||
Series 2015-A4, Class A4 | ||
3.78%, 05/15/48(a) | 50,000 | 48,589 |
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48(a) | 400,000 | 385,329 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2017-H1, Class A4 | ||
3.26%, 06/15/50(a) | 250,000 | 235,852 |
Series 2020-HR8, Class A4 | ||
2.04%, 07/15/53(a) | 1,000,000 | 829,146 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50(a) | 200,000 | 185,236 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50(a) | 600,000 | 561,403 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-C33, Class A3 | ||
3.16%, 03/15/59(a) | 106,266 | 101,687 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48(a) | 240,912 | 233,786 |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58(a) | 200,000 | 193,626 |
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48(a) | 2,100,000 | 2,030,769 |
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59(a) | 1,200,000 | 1,155,970 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59(a) | 589,632 | 568,854 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59(a) | 1,330,400 | 1,275,279 |
Series 2016-NXS6, Class ASB | ||
2.83%, 11/15/49(a) | 141,990 | 138,650 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50(a) | 1,020,000 | 959,461 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50(a) | 300,000 | 280,578 |
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50(a) | 1,400,000 | 1,287,160 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51(a) | 950,000 | 907,995 |
Series 2018-C47, Class A3 | ||
4.18%, 09/15/61(a) | 482,315 | 461,567 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52(a) | 675,000 | 625,697 |
Series 2019-C51, Class A4 | ||
3.31%, 06/15/52(a) | 1,800,000 | 1,620,531 |
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52(a) | 500,000 | 447,382 |
Series 2020-C55, Class A5 | ||
2.73%, 02/15/53(a) | 1,950,000 | 1,709,978 |
Series 2020-C58, Class A4 | ||
2.09%, 07/15/53(a) | 1,645,000 | 1,353,730 |
94,670,877 | ||
Mortgage-Backed Securities Pass-Through 26.0% | ||
Federal Home Loan Mortgage Corp. | ||
1.00%, 10/01/36(a) | 317,850 | 266,977 |
1.50%, 08/01/35 to 08/01/51 (a) | 39,908,396 | 31,645,944 |
2.00%, 01/01/28 to 03/01/52 (a) | 156,555,594 | 125,979,958 |
2.50%, 04/01/27 to 05/01/52 (a) | 81,022,576 | 67,670,940 |
3.00%, 08/01/26 to 05/01/52 (a) | 46,012,445 | 40,571,129 |
3.50%, 01/01/26 to 02/01/53 (a) | 27,010,323 | 24,619,549 |
4.00%, 05/01/26 to 10/01/52 (a) | 16,610,451 | 15,600,480 |
4.50%, 05/01/34 to 09/01/52 (a) | 11,272,164 | 10,904,097 |
5.00%, 11/01/33 to 06/01/53 (a) | 9,197,317 | 9,043,497 |
5.50%, 06/01/33 to 07/01/53 (a) | 9,697,775 | 9,674,526 |
6.00%, 05/01/32 to 12/01/53 (a) | 11,931,648 | 12,097,379 |
6.50%, 02/01/36 to 01/01/54 (a) | 8,992,645 | 9,199,683 |
7.00%, 01/01/54 (a) | 2,830,222 | 2,907,063 |
Federal National Mortgage Association | ||
1.00%, 03/01/36 to 07/01/36 (a) | 751,476 | 634,796 |
1.50%, 08/01/35 to 04/01/51 (a) | 27,311,896 | 22,469,576 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 12/01/27 to 04/01/52 (a) | 158,294,849 | 128,354,015 |
2.50%, 07/01/27 to 05/01/52 (a) | 135,877,754 | 114,008,017 |
3.00%, 10/01/26 to 05/01/52 (a) | 80,348,031 | 71,047,511 |
3.50%, 10/01/25 to 09/01/50 (a) | 50,312,841 | 46,062,467 |
4.00%, 06/01/27 to 07/01/52 (a) | 34,144,120 | 32,181,019 |
4.50%, 12/01/24 to 09/01/52 (a) | 14,059,099 | 13,618,776 |
5.00%, 11/01/33 to 08/01/53 (a) | 10,314,831 | 10,173,305 |
5.50%, 03/01/33 to 10/01/53 (a) | 10,984,894 | 11,029,960 |
6.00%, 04/01/35 to 12/01/53 (a) | 18,506,767 | 18,756,217 |
6.50%, 08/01/34 to 12/01/53 (a) | 9,797,130 | 10,054,487 |
7.00%, 12/01/53 (a) | 2,456,015 | 2,527,698 |
7.50%, 01/01/54(a) | 766,008 | 785,926 |
Government National Mortgage Association | ||
1.50%, 03/20/51 to 10/20/51 (a) | 792,752 | 615,551 |
2.00%, 04/20/36 to 03/20/52 (a) | 59,842,680 | 48,796,027 |
2.50%, 08/20/27 to 04/20/52 (a) | 62,762,151 | 53,216,817 |
3.00%, 04/20/27 to 04/20/52 (a) | 45,860,510 | 40,592,623 |
3.50%, 09/20/32 to 06/20/51 (a) | 31,064,648 | 28,548,530 |
4.00%, 06/15/39 to 09/20/52 (a) | 19,977,692 | 18,845,834 |
4.50%, 07/15/39 to 08/20/53 (a) | 14,055,879 | 13,583,214 |
5.00%, 02/20/33 to 11/20/53 (a) | 18,881,286 | 18,526,909 |
5.50%, 04/15/33 to 01/20/54 (a) | 15,740,857 | 15,648,163 |
6.00%, 04/20/44 to 01/20/54 (a) | 12,311,028 | 12,378,859 |
6.50%, 01/20/53 to 01/20/54 (a) | 7,530,477 | 7,638,949 |
7.00%, 01/20/53 to 01/20/54 (a) | 2,426,794 | 2,475,557 |
7.50%, 12/20/53(a) | 398,233 | 412,024 |
Government National Mortgage Association, TBA | ||
3.50%, 03/20/54(a)(l) | 4,500,000 | 4,070,576 |
4.00%, 03/20/54(a)(l) | 3,500,000 | 3,258,791 |
4.50%, 03/20/54(a)(l) | 6,000,000 | 5,733,053 |
Uniform Mortgage-Backed Security, TBA | ||
3.50%, 03/13/53(a)(l) | 9,000,000 | 8,009,407 |
4.00%, 03/13/53(a)(l) | 13,500,000 | 12,421,740 |
4.50%, 03/13/53(a)(l) | 19,000,000 | 17,985,929 |
5.00%, 03/13/53(a)(l) | 25,500,000 | 24,741,168 |
5.50%, 03/13/53(a)(l) | 18,000,000 | 17,806,116 |
1,197,190,829 | ||
Total Securitized (Cost $1,475,400,237) | 1,293,679,045 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 2.7% OF NET ASSETS | ||
Money Market Funds 2.7% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (m) | 120,973,552 | 120,973,552 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (m)(n) | 1,828,368 | 1,828,368 |
122,801,920 | ||
Total Short-Term Investments (Cost $122,801,920) | 122,801,920 | |
Total Investments in Securities (Cost $5,089,495,668) | 4,687,814,412 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(c) | All or a portion of this security is on loan. Securities on loan were valued at $1,771,342. |
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $10,050,185 or 0.2% of net assets. |
(e) | Issuer is affiliated with the fund’s investment adviser. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(h) | Guaranteed by the Republic of Germany. |
(i) | Zero coupon bond. |
(j) | Perpetual security has no stated maturity date. Maturity date represents next call date. |
(k) | Fixed rate is determined by a formula set forth in the security’s offering documents and is affected by the current WAC of the underlying loans. |
(l) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(m) | The rate shown is the annualized 7-day yield. |
(n) | Security purchased with cash collateral received for securities on loan. |
GO — | General obligation |
MBS — | Mortgage-Backed Security |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
TBA — | To-be-announced |
WAC — | Weighted Average Coupon, which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
SECURITY RATE, MATURITY DATE | VALUE AT 8/31/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 2/29/24 | FACE AMOUNT AT 2/29/24 | INTEREST INCOME EARNED |
CORPORATES 0.0% OF NET ASSETS | |||||||||
Financial Institutions 0.0% | |||||||||
Brokerage/Asset Managers/Exchanges 0.0% | |||||||||
Charles Schwab Corp. | |||||||||
3.00%, 03/10/25 | $47,987 | $— | $— | $— | $1,075 | ($220 ) | $48,842 | $50,000 | $750 |
4.20%, 03/24/25 | 97,772 | — | (49,190 ) | (1,677 ) | 3,103 | (552 ) | 49,456 | 50,000 | 1,645 |
3.63%, 04/01/25 | 48,471 | — | — | — | 1,232 | (642 ) | 49,061 | 50,000 | 906 |
3.85%, 05/21/25 | 96,957 | — | — | — | 1,998 | (806 ) | 98,149 | 100,000 | 1,925 |
3.45%, 02/13/26 | 47,566 | — | — | — | 1,147 | (306 ) | 48,407 | 50,000 | 862 |
0.90%, 03/11/26 | 178,562 | — | — | — | 5,077 | (159 ) | 183,480 | 200,000 | 900 |
1.15%, 05/13/26 | 133,605 | — | — | — | 4,159 | (92 ) | 137,672 | 150,000 | 863 |
5.88%, 08/24/26 | — | 150,396 | — | — | 2,057 | (61 ) | 152,392 | 150,000 | 4,161 |
3.20%, 03/02/27 | 92,658 | — | — | — | 3,353 | (1,073 ) | 94,938 | 100,000 | 1,600 |
2.45%, 03/03/27 | 225,225 | — | (9,136 ) | (656 ) | 6,339 | 754 | 222,526 | 240,000 | 3,009 |
3.30%, 04/01/27 | 93,243 | — | — | — | 2,813 | (1,031 ) | 95,025 | 100,000 | 1,650 |
3.20%, 01/25/28 | 91,212 | — | — | — | 2,784 | (340 ) | 93,656 | 100,000 | 1,600 |
2.00%, 03/20/28 | 172,456 | — | — | — | 5,093 | (161 ) | 177,388 | 200,000 | 2,000 |
4.00%, 02/01/29 | 94,131 | — | (47,128 ) | (6,966 ) | 8,565 | (618 ) | 47,984 | 50,000 | 1,567 |
5.64%, 05/19/29 | 199,724 | — | (10,027 ) | (39 ) | 2,869 | (17 ) | 192,510 | 190,000 | 5,521 |
3.25%, 05/22/29 | 89,012 | — | (21,258 ) | (5,003 ) | 6,807 | (359 ) | 69,199 | 75,000 | 1,327 |
2.75%, 10/01/29 | 43,132 | — | — | — | 1,489 | (180 ) | 44,441 | 50,000 | 688 |
6.20%, 11/17/29 | — | 184,017 | — | — | (2,976 ) | (264 ) | 180,777 | 175,000 | 1,747 |
4.63%, 03/22/30 | 48,607 | — | — | — | 1,082 | (273 ) | 49,416 | 50,000 | 1,156 |
1.65%, 03/11/31 | 76,660 | — | — | — | 2,521 | 40 | 79,221 | 100,000 | 825 |
2.30%, 05/13/31 | 80,451 | — | — | — | 2,628 | (183 ) | 82,896 | 100,000 | 1,150 |
1.95%, 12/01/31 | 95,995 | — | — | — | 3,304 | 1 | 99,300 | 125,000 | 1,219 |
2.90%, 03/03/32 | 123,909 | — | — | — | 2,937 | 266 | 127,112 | 150,000 | 2,175 |
5.85%, 05/19/34 | 200,382 | — | — | — | 2,880 | (110 ) | 203,152 | 200,000 | 5,853 |
6.14%, 08/24/34 | — | 200,246 | — | — | 7,375 | (9 ) | 207,612 | 200,000 | 5,795 |
Total | $2,377,717 | $534,659 | ($136,739 ) | ($14,341 ) | $79,711 | ($6,395 ) | $2,834,612 | $50,894 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $1,139,630,613 | $— | $1,139,630,613 |
Treasuries1 | — | 1,911,245,740 | — | 1,911,245,740 |
Government Related1 | — | 220,457,094 | — | 220,457,094 |
Securitized1 | — | 1,293,679,045 | — | 1,293,679,045 |
Short-Term Investments1 | 122,801,920 | — | — | 122,801,920 |
Total | $122,801,920 | $4,565,012,492 | $— | $4,687,814,412 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $3,043,486) | $2,834,612 | |
Investments in securities, at value - unaffiliated (cost $5,086,452,182) including securities on loan of $1,771,342 | 4,684,979,800 | |
Cash | 185,342 | |
Deposits with brokers for TBA margin | 990,000 | |
Receivables: | ||
Investments sold | 58,647,624 | |
Interest | 29,899,654 | |
Fund shares sold | 24,864,323 | |
Dividends | 470,952 | |
Income from securities on loan | + | 556 |
Total assets | 4,802,872,863 | |
Liabilities | ||
Collateral held for securities on loan | 1,828,368 | |
Payables: | ||
Investments bought | 99,369,735 | |
Investments bought - delayed-delivery | 98,958,552 | |
Fund shares redeemed | 3,418,649 | |
Distributions to shareholders | 2,541,982 | |
Investment adviser fees | + | 144,632 |
Total liabilities | 206,261,918 | |
Net assets | $4,596,610,945 | |
Net Assets by Source | ||
Capital received from investors | $5,364,958,515 | |
Total distributable loss | + | (768,347,570 ) |
Net assets | $4,596,610,945 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,596,610,945 | 521,927,721 | $8.81 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated (net of foreign withholding tax of $352) | $75,811,994 | |
Dividends received from securities - unaffiliated | 2,859,047 | |
Interest received from securities - affiliated | 44,499 | |
Securities on loan, net | + | 12,575 |
Total investment income | 78,728,115 | |
Expenses | ||
Investment adviser fees | 877,173 | |
Total expenses | – | 877,173 |
Net investment income | 77,850,942 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (14,341 ) | |
Net realized losses on sales of securities - unaffiliated | + | (77,767,561 ) |
Net realized losses | (77,781,902 ) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | 79,711 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 93,529,231 |
Net change in unrealized appreciation (depreciation) | + | 93,608,942 |
Net realized and unrealized gains | 15,827,040 | |
Increase in net assets resulting from operations | $93,677,982 |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $77,850,942 | $126,588,897 | |
Net realized losses | (77,781,902 ) | (167,299,238 ) | |
Net change in unrealized appreciation (depreciation) | + | 93,608,942 | (20,095,101 ) |
Increase (decrease) in net assets resulting from operations | $93,677,982 | ($60,805,442 ) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($79,545,910 ) | ($130,788,565 ) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 85,067,237 | $746,682,993 | 194,224,735 | $1,728,158,284 | |
Shares reinvested | 7,358,681 | 64,207,484 | 11,463,215 | 101,708,064 | |
Shares redeemed | + | (86,362,754 ) | (749,671,304 ) | (175,138,615 ) | (1,556,776,557 ) |
Net transactions in fund shares | 6,063,164 | $61,219,173 | 30,549,335 | $273,089,791 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 515,864,557 | $4,521,259,700 | 485,315,222 | $4,439,763,916 | |
Total increase | + | 6,063,164 | 75,351,245 | 30,549,335 | 81,495,784 |
End of period | 521,927,721 | $4,596,610,945 | 515,864,557 | $4,521,259,700 |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $9.40 | $9.55 | $10.28 | $10.39 | $10.13 | $9.80 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.17 | 0.25 | 0.11 | 0.10 | 0.19 | 0.24 |
Net realized and unrealized gains (losses) | 0.07 | (0.15 ) | (0.70 ) | (0.08 ) | 0.27 | 0.33 |
Total from investment operations | 0.24 | 0.10 | (0.59 ) | 0.02 | 0.46 | 0.57 |
Less distributions: | ||||||
Distributions from net investment income | (0.17 ) | (0.25 ) | (0.11 ) | (0.10 ) | (0.20 ) | (0.24 ) |
Distributions from net realized gains | — | — | (0.03 ) | (0.03 ) | — | — |
Total distributions | (0.17 ) | (0.25 ) | (0.14 ) | (0.13 ) | (0.20 ) | (0.24 ) |
Net asset value at end of period | $9.47 | $9.40 | $9.55 | $10.28 | $10.39 | $10.13 |
Total return | 2.61 %2 | 1.08 % | (5.81 %) | 0.18 % | 4.59 % | 5.89 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06 %3 | 0.06 %4 | 0.06 %4 | 0.06 % | 0.06 % | 0.06 % |
Net investment income (loss) | 3.70 %3 | 2.62 % | 1.07 % | 0.96 % | 1.89 % | 2.43 % |
Portfolio turnover rate | 38 %2 | 97 % | 59 % | 61 % | 65 % | 46 % |
Net assets, end of period (x 1,000,000) | $1,479 | $1,505 | $1,881 | $2,228 | $1,694 | $877 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 26.3% OF NET ASSETS | ||
Financial Institutions 11.6% | ||
Banking 9.2% | ||
Ally Financial, Inc. | ||
4.63%, 03/30/25 | 100,000 | 98,844 |
5.80%, 05/01/25 (a) | 200,000 | 199,750 |
7.10%, 11/15/27 (a)(b) | 150,000 | 156,291 |
6.99%, 06/13/29 (a)(c) | 150,000 | 154,247 |
6.85%, 01/03/30 (a)(c) | 150,000 | 153,420 |
American Express Co. | ||
2.25%, 03/04/25 (a) | 400,000 | 387,420 |
3.95%, 08/01/25 (a) | 400,000 | 393,008 |
4.20%, 11/06/25 (a) | 250,000 | 246,690 |
4.99%, 05/01/26 (a)(c) | 200,000 | 198,870 |
3.13%, 05/20/26 (a) | 250,000 | 240,048 |
1.65%, 11/04/26 (a) | 150,000 | 137,202 |
2.55%, 03/04/27 (a) | 400,000 | 371,720 |
3.30%, 05/03/27 (a) | 400,000 | 379,316 |
5.85%, 11/05/27 (a) | 200,000 | 205,186 |
5.28%, 07/27/29 (a)(c) | 250,000 | 251,560 |
Australia & New Zealand Banking Group Ltd. | ||
5.38%, 07/03/25 | 250,000 | 250,805 |
3.70%, 11/16/25 | 250,000 | 244,600 |
4.75%, 01/18/27 | 250,000 | 249,177 |
Banco Bilbao Vizcaya Argentaria SA | ||
1.13%, 09/18/25 | 200,000 | 186,998 |
6.14%, 09/14/28 (a)(c) | 200,000 | 202,936 |
Banco Santander SA | ||
2.75%, 05/28/25 | 200,000 | 192,998 |
5.15%, 08/18/25 | 200,000 | 198,512 |
5.18%, 11/19/25 | 400,000 | 394,692 |
1.85%, 03/25/26 | 200,000 | 185,668 |
4.25%, 04/11/27 | 200,000 | 192,808 |
5.29%, 08/18/27 | 400,000 | 397,204 |
1.72%, 09/14/27 (a)(c) | 200,000 | 181,010 |
4.18%, 03/24/28 (a)(c) | 200,000 | 191,514 |
4.38%, 04/12/28 | 200,000 | 192,296 |
5.59%, 08/08/28 | 400,000 | 403,388 |
6.61%, 11/07/28 | 200,000 | 210,258 |
Bank of America Corp. | ||
3.95%, 04/21/25 | 400,000 | 393,464 |
3.88%, 08/01/25 | 350,000 | 344,501 |
4.45%, 03/03/26 | 400,000 | 393,460 |
3.38%, 04/02/26 (a)(c) | 525,000 | 512,741 |
3.50%, 04/19/26 | 400,000 | 387,788 |
1.32%, 06/19/26 (a)(c) | 300,000 | 284,124 |
4.83%, 07/22/26 (a)(c) | 200,000 | 198,358 |
4.25%, 10/22/26 | 200,000 | 195,710 |
1.20%, 10/24/26 (a)(c) | 400,000 | 372,788 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.08%, 01/20/27 (a)(c) | 300,000 | 298,164 |
1.66%, 03/11/27 (a)(c) | 450,000 | 417,937 |
3.56%, 04/23/27 (a)(c) | 550,000 | 529,166 |
1.73%, 07/22/27 (a)(c) | 900,000 | 825,381 |
3.25%, 10/21/27 (a) | 400,000 | 378,056 |
4.18%, 11/25/27 (a) | 300,000 | 289,965 |
3.82%, 01/20/28 (a)(c) | 500,000 | 480,535 |
2.55%, 02/04/28 (a)(c) | 300,000 | 277,566 |
3.71%, 04/24/28 (a)(c) | 400,000 | 381,244 |
4.38%, 04/27/28 (a)(c) | 400,000 | 389,440 |
3.59%, 07/21/28 (a)(c) | 400,000 | 379,156 |
4.95%, 07/22/28 (a)(c) | 500,000 | 495,250 |
6.20%, 11/10/28 (a)(c) | 150,000 | 154,734 |
3.42%, 12/20/28 (a)(c) | 1,000,000 | 934,760 |
3.97%, 03/05/29 (a)(c) | 400,000 | 380,716 |
5.20%, 04/25/29 (a)(c) | 500,000 | 497,350 |
2.09%, 06/14/29 (a)(c) | 400,000 | 351,408 |
4.27%, 07/23/29 (a)(c) | 500,000 | 480,600 |
5.82%, 09/15/29 (a)(c) | 450,000 | 458,869 |
3.97%, 02/07/30 (a)(c) | 400,000 | 376,116 |
Bank of America NA | ||
5.65%, 08/18/25 (a) | 350,000 | 352,520 |
5.53%, 08/18/26 (a) | 350,000 | 353,535 |
Bank of Montreal | ||
1.85%, 05/01/25 | 350,000 | 336,402 |
3.70%, 06/07/25 | 200,000 | 195,984 |
1.25%, 09/15/26 | 300,000 | 273,102 |
0.95%, 01/22/27 (a)(c) | 350,000 | 323,036 |
2.65%, 03/08/27 | 300,000 | 280,095 |
4.70%, 09/14/27 (a) | 200,000 | 198,070 |
5.20%, 02/01/28 (a) | 200,000 | 200,818 |
5.72%, 09/25/28 (a) | 200,000 | 205,176 |
3.80%, 12/15/32 (a)(c) | 200,000 | 184,228 |
Bank of New York Mellon Corp. | ||
1.60%, 04/24/25 (a) | 200,000 | 192,164 |
3.95%, 11/18/25 (a) | 150,000 | 146,894 |
0.75%, 01/28/26 (a) | 250,000 | 230,705 |
2.80%, 05/04/26 (a) | 200,000 | 191,096 |
2.45%, 08/17/26 (a) | 150,000 | 141,174 |
2.05%, 01/26/27 (a) | 250,000 | 230,865 |
3.25%, 05/16/27 (a) | 200,000 | 190,152 |
3.40%, 01/29/28 (a) | 200,000 | 189,392 |
3.44%, 02/07/28 (a)(c) | 250,000 | 239,008 |
3.99%, 06/13/28 (a)(c) | 150,000 | 145,374 |
5.80%, 10/25/28 (a)(c) | 200,000 | 204,894 |
3.00%, 10/30/28 (a) | 150,000 | 137,621 |
4.54%, 02/01/29 (a)(c) | 200,000 | 196,644 |
Bank of Nova Scotia | ||
3.45%, 04/11/25 | 250,000 | 244,873 |
1.30%, 06/11/25 | 200,000 | 190,108 |
4.50%, 12/16/25 | 250,000 | 245,763 |
4.75%, 02/02/26 | 200,000 | 198,506 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.05%, 03/02/26 | 200,000 | 184,490 |
1.35%, 06/24/26 | 250,000 | 229,498 |
2.70%, 08/03/26 | 200,000 | 188,980 |
1.30%, 09/15/26 | 250,000 | 227,678 |
1.95%, 02/02/27 | 175,000 | 160,662 |
2.95%, 03/11/27 | 200,000 | 188,306 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 200,000 | 194,992 |
Barclays PLC | ||
3.65%, 03/16/25 | 425,000 | 416,202 |
4.38%, 01/12/26 | 450,000 | 440,982 |
2.85%, 05/07/26 (a)(c) | 400,000 | 386,760 |
5.20%, 05/12/26 | 400,000 | 395,416 |
5.83%, 05/09/27 (a)(c) | 350,000 | 350,875 |
2.28%, 11/24/27 (a)(c) | 400,000 | 365,788 |
4.34%, 01/10/28 (a) | 200,000 | 192,362 |
4.84%, 05/09/28 (a) | 300,000 | 288,942 |
5.50%, 08/09/28 (a)(c) | 400,000 | 398,120 |
7.39%, 11/02/28 (a)(c) | 200,000 | 211,458 |
4.97%, 05/16/29 (a)(c) | 300,000 | 291,888 |
6.49%, 09/13/29 (a)(c) | 200,000 | 206,190 |
BPCE SA | ||
3.38%, 12/02/26 | 250,000 | 239,720 |
Canadian Imperial Bank of Commerce | ||
3.30%, 04/07/25 | 250,000 | 244,240 |
5.14%, 04/28/25 | 200,000 | 199,372 |
3.95%, 08/04/25 | 250,000 | 245,155 |
0.95%, 10/23/25 | 100,000 | 93,489 |
1.25%, 06/22/26 | 200,000 | 183,406 |
3.45%, 04/07/27 (a)(b) | 250,000 | 238,328 |
5.99%, 10/03/28 (a) | 250,000 | 259,095 |
Capital One Financial Corp. | ||
4.25%, 04/30/25 (a) | 200,000 | 197,346 |
4.20%, 10/29/25 (a) | 300,000 | 293,343 |
2.64%, 03/03/26 (a)(c) | 300,000 | 291,039 |
3.75%, 07/28/26 (a) | 250,000 | 240,098 |
3.75%, 03/09/27 (a) | 300,000 | 286,455 |
3.65%, 05/11/27 (a) | 250,000 | 238,110 |
1.88%, 11/02/27 (a)(c) | 200,000 | 181,526 |
3.80%, 01/31/28 (a) | 200,000 | 189,082 |
4.93%, 05/10/28 (a)(c) | 200,000 | 195,754 |
5.47%, 02/01/29 (a)(c) | 250,000 | 248,555 |
6.31%, 06/08/29 (a)(c) | 250,000 | 256,130 |
Citibank NA | ||
5.86%, 09/29/25 (a) | 250,000 | 253,020 |
5.49%, 12/04/26 (a) | 250,000 | 252,172 |
5.80%, 09/29/28 (a) | 250,000 | 257,612 |
Citigroup, Inc. | ||
3.88%, 03/26/25 | 200,000 | 196,316 |
3.30%, 04/27/25 | 250,000 | 244,495 |
4.40%, 06/10/25 | 400,000 | 394,276 |
5.50%, 09/13/25 | 200,000 | 199,608 |
3.70%, 01/12/26 | 250,000 | 243,448 |
4.60%, 03/09/26 | 350,000 | 344,459 |
3.29%, 03/17/26 (a)(c) | 300,000 | 293,043 |
3.11%, 04/08/26 (a)(c) | 400,000 | 389,428 |
3.40%, 05/01/26 | 300,000 | 288,789 |
5.61%, 09/29/26 (a)(c) | 500,000 | 500,675 |
3.20%, 10/21/26 (a) | 500,000 | 474,965 |
4.30%, 11/20/26 | 250,000 | 243,608 |
1.12%, 01/28/27 (a)(c) | 450,000 | 415,003 |
1.46%, 06/09/27 (a)(c) | 500,000 | 458,285 |
4.45%, 09/29/27 | 500,000 | 484,760 |
3.89%, 01/10/28 (a)(c) | 400,000 | 384,512 |
3.07%, 02/24/28 (a)(c) | 500,000 | 468,505 |
4.66%, 05/24/28 (a)(c) | 250,000 | 245,555 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.67%, 07/24/28 (a)(c) | 250,000 | 237,083 |
4.13%, 07/25/28 | 300,000 | 285,087 |
3.52%, 10/27/28 (a)(c) | 400,000 | 376,020 |
4.08%, 04/23/29 (a)(c) | 300,000 | 286,446 |
5.17%, 02/13/30 (a)(c) | 400,000 | 396,000 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 239,768 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 200,000 | 195,066 |
2.85%, 07/27/26 (a) | 150,000 | 140,336 |
5.84%, 01/23/30 (a)(c) | 200,000 | 197,670 |
Comerica, Inc. | ||
5.98%, 01/30/30 (a)(c) | 150,000 | 147,389 |
Commonwealth Bank of Australia | ||
5.50%, 09/12/25 | 250,000 | 251,442 |
Cooperatieve Rabobank UA | ||
3.38%, 05/21/25 | 250,000 | 244,843 |
4.38%, 08/04/25 | 250,000 | 245,223 |
3.75%, 07/21/26 | 250,000 | 239,708 |
4.80%, 01/09/29 | 250,000 | 247,795 |
Credit Suisse AG | ||
1.25%, 08/07/26 | 500,000 | 454,260 |
5.00%, 07/09/27 | 250,000 | 247,747 |
7.50%, 02/15/28 | 350,000 | 377,058 |
Deutsche Bank AG | ||
4.50%, 04/01/25 | 250,000 | 245,475 |
4.16%, 05/13/25 | 150,000 | 147,722 |
4.10%, 01/13/26 | 200,000 | 195,162 |
1.69%, 03/19/26 | 200,000 | 186,428 |
2.13%, 11/24/26 (a)(c) | 500,000 | 468,970 |
2.31%, 11/16/27 (a)(c) | 500,000 | 454,425 |
2.55%, 01/07/28 (a)(c) | 200,000 | 182,322 |
6.72%, 01/18/29 (a)(c) | 200,000 | 205,524 |
6.82%, 11/20/29 (a)(c) | 250,000 | 258,662 |
4.88%, 12/01/32 (a)(c) | 200,000 | 185,230 |
Discover Bank | ||
3.45%, 07/27/26 (a) | 250,000 | 237,130 |
Discover Financial Services | ||
3.75%, 03/04/25 (a) | 100,000 | 98,206 |
4.50%, 01/30/26 (a) | 250,000 | 245,867 |
4.10%, 02/09/27 (a) | 150,000 | 144,212 |
Fifth Third Bancorp | ||
2.55%, 05/05/27 (a) | 175,000 | 160,746 |
1.71%, 11/01/27 (a)(c) | 100,000 | 89,792 |
6.36%, 10/27/28 (a)(c) | 250,000 | 254,912 |
6.34%, 07/27/29 (a)(c) | 200,000 | 205,426 |
Fifth Third Bank NA | ||
3.85%, 03/15/26 (a) | 200,000 | 192,592 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(c) | 50,000 | 48,057 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 100,000 | 97,516 |
Goldman Sachs Group, Inc. | ||
3.50%, 04/01/25 (a) | 650,000 | 636,675 |
3.75%, 05/22/25 (a) | 500,000 | 490,420 |
4.25%, 10/21/25 | 300,000 | 294,771 |
3.75%, 02/25/26 (a) | 300,000 | 292,566 |
3.50%, 11/16/26 (a) | 500,000 | 479,675 |
1.09%, 12/09/26 (a)(c) | 350,000 | 324,397 |
5.95%, 01/15/27 | 150,000 | 153,153 |
3.85%, 01/26/27 (a) | 300,000 | 289,950 |
1.43%, 03/09/27 (a)(c) | 550,000 | 508,513 |
1.54%, 09/10/27 (a)(c) | 550,000 | 500,373 |
1.95%, 10/21/27 (a)(c) | 500,000 | 457,995 |
2.64%, 02/24/28 (a)(c) | 600,000 | 556,026 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.62%, 03/15/28 (a)(c) | 600,000 | 572,268 |
3.69%, 06/05/28 (a)(c) | 575,000 | 548,659 |
4.48%, 08/23/28 (a)(c) | 250,000 | 244,018 |
3.81%, 04/23/29 (a)(c) | 400,000 | 378,096 |
4.22%, 05/01/29 (a)(c) | 200,000 | 191,850 |
6.48%, 10/24/29 (a)(c) | 500,000 | 524,205 |
HSBC Holdings PLC | ||
4.25%, 08/18/25 | 350,000 | 342,891 |
4.30%, 03/08/26 | 400,000 | 391,572 |
3.00%, 03/10/26 (a)(c) | 400,000 | 388,896 |
1.65%, 04/18/26 (a)(c) | 225,000 | 214,778 |
3.90%, 05/25/26 | 400,000 | 387,732 |
2.10%, 06/04/26 (a)(c) | 300,000 | 287,031 |
4.29%, 09/12/26 (a)(c) | 400,000 | 392,288 |
4.38%, 11/23/26 | 300,000 | 292,029 |
1.59%, 05/24/27 (a)(c) | 400,000 | 366,300 |
5.89%, 08/14/27 (a)(c) | 400,000 | 402,716 |
2.25%, 11/22/27 (a)(c) | 500,000 | 458,155 |
4.04%, 03/13/28 (a)(c) | 400,000 | 383,552 |
4.76%, 06/09/28 (a)(c) | 200,000 | 195,380 |
5.21%, 08/11/28 (a)(c) | 450,000 | 445,819 |
2.01%, 09/22/28 (a)(c) | 200,000 | 177,342 |
7.39%, 11/03/28 (a)(c) | 250,000 | 264,805 |
6.16%, 03/09/29 (a)(c) | 200,000 | 204,474 |
4.58%, 06/19/29 (a)(c) | 500,000 | 481,240 |
2.21%, 08/17/29 (a)(c) | 400,000 | 347,452 |
Huntington Bancshares, Inc. | ||
6.21%, 08/21/29 (a)(c) | 200,000 | 203,528 |
Huntington National Bank | ||
4.55%, 05/17/28 (a)(c) | 250,000 | 241,318 |
ING Groep NV | ||
3.87%, 03/28/26 (a)(c) | 300,000 | 294,402 |
3.95%, 03/29/27 | 200,000 | 192,620 |
1.73%, 04/01/27 (a)(c) | 200,000 | 185,200 |
4.02%, 03/28/28 (a)(c) | 300,000 | 288,066 |
4.55%, 10/02/28 | 300,000 | 292,842 |
JPMorgan Chase & Co. | ||
3.90%, 07/15/25 (a) | 200,000 | 196,628 |
7.75%, 07/15/25 | 100,000 | 103,743 |
2.01%, 03/13/26 (a)(c) | 450,000 | 433,813 |
3.30%, 04/01/26 (a) | 400,000 | 385,868 |
2.08%, 04/22/26 (a)(c) | 600,000 | 577,470 |
4.08%, 04/26/26 (a)(c) | 500,000 | 492,605 |
3.20%, 06/15/26 (a) | 350,000 | 336,857 |
2.95%, 10/01/26 (a) | 600,000 | 570,486 |
1.05%, 11/19/26 (a)(c) | 650,000 | 604,799 |
4.13%, 12/15/26 | 300,000 | 292,953 |
3.96%, 01/29/27 (a)(c) | 400,000 | 390,488 |
1.04%, 02/04/27 (a)(c) | 350,000 | 322,686 |
1.58%, 04/22/27 (a)(c) | 600,000 | 554,802 |
1.47%, 09/22/27 (a)(c) | 450,000 | 409,050 |
4.25%, 10/01/27 | 300,000 | 293,664 |
3.78%, 02/01/28 (a)(c) | 550,000 | 528,242 |
2.95%, 02/24/28 (a)(c) | 200,000 | 187,346 |
4.32%, 04/26/28 (a)(c) | 500,000 | 488,220 |
3.54%, 05/01/28 (a)(c) | 300,000 | 285,270 |
2.18%, 06/01/28 (a)(c) | 350,000 | 318,930 |
4.85%, 07/25/28 (a)(c) | 750,000 | 741,922 |
3.51%, 01/23/29 (a)(c) | 350,000 | 329,836 |
4.01%, 04/23/29 (a)(c) | 350,000 | 334,428 |
2.07%, 06/01/29 (a)(c) | 250,000 | 220,323 |
4.20%, 07/23/29 (a)(c) | 450,000 | 432,549 |
5.30%, 07/24/29 (a)(c) | 400,000 | 401,228 |
6.09%, 10/23/29 (a)(c) | 400,000 | 413,880 |
4.45%, 12/05/29 (a)(c) | 350,000 | 338,642 |
5.01%, 01/23/30 (a)(c) | 350,000 | 346,433 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KeyBank NA | ||
3.30%, 06/01/25 | 250,000 | 240,573 |
5.85%, 11/15/27 (a) | 250,000 | 246,835 |
4.39%, 12/14/27 | 250,000 | 234,540 |
KeyCorp | ||
2.25%, 04/06/27 | 250,000 | 223,213 |
Lloyds Banking Group PLC | ||
4.45%, 05/08/25 | 450,000 | 444,240 |
4.58%, 12/10/25 | 250,000 | 245,080 |
4.65%, 03/24/26 | 400,000 | 392,212 |
3.75%, 01/11/27 | 200,000 | 191,940 |
1.63%, 05/11/27 (a)(c) | 250,000 | 229,423 |
3.75%, 03/18/28 (a)(c) | 250,000 | 237,143 |
4.38%, 03/22/28 | 200,000 | 193,234 |
4.55%, 08/16/28 | 200,000 | 194,158 |
3.57%, 11/07/28 (a)(c) | 300,000 | 280,116 |
5.87%, 03/06/29 (a)(c) | 200,000 | 202,110 |
M&T Bank Corp. | ||
4.55%, 08/16/28 (a)(c) | 250,000 | 238,520 |
Manufacturers & Traders Trust Co. | ||
4.65%, 01/27/26 (a) | 250,000 | 243,543 |
4.70%, 01/27/28 (a) | 250,000 | 240,615 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.78%, 03/02/25 | 150,000 | 147,617 |
1.41%, 07/17/25 | 200,000 | 189,512 |
3.85%, 03/01/26 | 450,000 | 438,853 |
2.76%, 09/13/26 | 200,000 | 188,628 |
3.68%, 02/22/27 | 250,000 | 241,013 |
1.54%, 07/20/27 (a)(c) | 350,000 | 320,309 |
3.29%, 07/25/27 | 200,000 | 189,232 |
1.64%, 10/13/27 (a)(c) | 250,000 | 227,883 |
2.34%, 01/19/28 (a)(c) | 350,000 | 323,211 |
4.08%, 04/19/28 (a)(c) | 200,000 | 193,302 |
5.35%, 09/13/28 (a)(c) | 250,000 | 250,782 |
5.42%, 02/22/29 (a)(c) | 200,000 | 201,576 |
5.24%, 04/19/29 (a)(c) | 200,000 | 200,650 |
Mizuho Financial Group, Inc. | ||
2.65%, 05/22/26 (a)(c) | 200,000 | 193,092 |
2.23%, 05/25/26 (a)(c) | 250,000 | 239,923 |
1.23%, 05/22/27 (a)(c) | 200,000 | 182,822 |
1.55%, 07/09/27 (a)(c) | 200,000 | 183,196 |
4.02%, 03/05/28 | 200,000 | 192,386 |
5.41%, 09/13/28 (a)(c) | 200,000 | 200,990 |
5.67%, 05/27/29 (a)(c) | 200,000 | 202,802 |
5.78%, 07/06/29 (a)(c) | 200,000 | 203,824 |
4.25%, 09/11/29 (a)(c) | 200,000 | 191,824 |
Morgan Stanley | ||
4.00%, 07/23/25 | 500,000 | 491,515 |
5.00%, 11/24/25 | 350,000 | 348,033 |
3.88%, 01/27/26 | 500,000 | 487,925 |
2.19%, 04/28/26 (a)(c) | 500,000 | 481,275 |
4.68%, 07/17/26 (a)(c) | 400,000 | 395,892 |
3.13%, 07/27/26 | 400,000 | 381,592 |
6.25%, 08/09/26 | 250,000 | 255,965 |
4.35%, 09/08/26 | 450,000 | 439,987 |
0.99%, 12/10/26 (a)(c) | 500,000 | 461,435 |
3.63%, 01/20/27 | 550,000 | 530,425 |
5.05%, 01/28/27 (a)(c) | 250,000 | 249,197 |
3.95%, 04/23/27 | 300,000 | 288,888 |
1.59%, 05/04/27 (a)(c) | 600,000 | 553,326 |
1.51%, 07/20/27 (a)(c) | 500,000 | 457,460 |
2.48%, 01/21/28 (a)(c) | 400,000 | 370,120 |
4.21%, 04/20/28 (a)(c) | 200,000 | 193,632 |
3.59%, 07/22/28 (a)(c) | 500,000 | 473,375 |
6.30%, 10/18/28 (a)(c) | 400,000 | 413,624 |
3.77%, 01/24/29 (a)(c) | 250,000 | 236,378 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.12%, 02/01/29 (a)(c) | 300,000 | 298,311 |
5.16%, 04/20/29 (a)(c) | 500,000 | 497,035 |
5.45%, 07/20/29 (a)(c) | 350,000 | 351,564 |
6.41%, 11/01/29 (a)(c) | 300,000 | 313,302 |
5.17%, 01/16/30 (a)(c) | 385,000 | 382,705 |
4.43%, 01/23/30 (a)(c) | 450,000 | 432,540 |
Morgan Stanley Bank NA | ||
4.75%, 04/21/26 (a) | 250,000 | 248,542 |
4.95%, 01/14/28 (a)(c) | 250,000 | 248,687 |
National Australia Bank Ltd. | ||
2.50%, 07/12/26 | 400,000 | 377,668 |
3.91%, 06/09/27 | 275,000 | 266,673 |
4.94%, 01/12/28 | 250,000 | 250,015 |
4.90%, 06/13/28 | 250,000 | 249,577 |
4.79%, 01/10/29 | 250,000 | 248,460 |
National Bank of Canada | ||
5.60%, 12/18/28 | 250,000 | 252,585 |
NatWest Group PLC | ||
4.80%, 04/05/26 | 400,000 | 395,220 |
1.64%, 06/14/27 (a)(c) | 400,000 | 365,824 |
3.07%, 05/22/28 (a)(c) | 200,000 | 185,750 |
5.52%, 09/30/28 (a)(c) | 200,000 | 199,970 |
4.89%, 05/18/29 (a)(c) | 300,000 | 292,239 |
5.81%, 09/13/29 (a)(c) | 200,000 | 202,100 |
5.08%, 01/27/30 (a)(c) | 300,000 | 293,427 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 200,000 | 196,254 |
4.00%, 05/10/27 (a) | 200,000 | 194,326 |
PNC Bank NA | ||
3.25%, 06/01/25 (a) | 250,000 | 243,388 |
3.25%, 01/22/28 (a) | 250,000 | 232,353 |
PNC Financial Services Group, Inc. | ||
2.60%, 07/23/26 (a) | 250,000 | 235,153 |
1.15%, 08/13/26 (a) | 200,000 | 181,668 |
4.76%, 01/26/27 (a)(c) | 250,000 | 247,095 |
5.30%, 01/21/28 (a)(c) | 200,000 | 199,794 |
5.35%, 12/02/28 (a)(c) | 350,000 | 350,042 |
5.58%, 06/12/29 (a)(c) | 500,000 | 503,365 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 200,000 | 191,632 |
Royal Bank of Canada | ||
3.38%, 04/14/25 | 350,000 | 342,874 |
1.15%, 06/10/25 | 300,000 | 285,084 |
0.88%, 01/20/26 | 300,000 | 277,797 |
4.65%, 01/27/26 | 250,000 | 247,590 |
1.20%, 04/27/26 | 200,000 | 184,142 |
1.15%, 07/14/26 | 250,000 | 228,515 |
1.40%, 11/02/26 | 250,000 | 227,353 |
2.05%, 01/21/27 | 150,000 | 138,588 |
3.63%, 05/04/27 | 250,000 | 239,685 |
4.24%, 08/03/27 | 250,000 | 243,668 |
6.00%, 11/01/27 | 250,000 | 257,632 |
4.90%, 01/12/28 | 150,000 | 149,663 |
5.20%, 08/01/28 | 150,000 | 150,948 |
Santander Holdings USA, Inc. | ||
4.50%, 07/17/25 (a) | 250,000 | 245,163 |
3.24%, 10/05/26 (a)(d) | 200,000 | 187,522 |
4.40%, 07/13/27 (a) | 250,000 | 239,690 |
2.49%, 01/06/28 (a)(c) | 150,000 | 135,705 |
6.50%, 03/09/29 (a)(c) | 200,000 | 203,188 |
6.57%, 06/12/29 (a)(c) | 100,000 | 101,902 |
Santander U.K. Group Holdings PLC | ||
1.53%, 08/21/26 (a)(c) | 200,000 | 187,464 |
1.67%, 06/14/27 (a)(c) | 250,000 | 227,393 |
2.47%, 01/11/28 (a)(c) | 250,000 | 227,723 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.82%, 11/03/28 (a)(c) | 200,000 | 186,768 |
6.53%, 01/10/29 (a)(c) | 250,000 | 256,502 |
State Street Corp. | ||
3.55%, 08/18/25 | 400,000 | 391,948 |
2.90%, 03/30/26 (a)(c) | 150,000 | 146,141 |
5.10%, 05/18/26 (a)(c) | 200,000 | 199,298 |
5.27%, 08/03/26 (a) | 200,000 | 200,728 |
2.20%, 02/07/28 (a)(c) | 200,000 | 184,214 |
5.68%, 11/21/29 (a)(c) | 150,000 | 153,399 |
Sumitomo Mitsui Financial Group, Inc. | ||
1.47%, 07/08/25 | 500,000 | 475,310 |
0.95%, 01/12/26 | 250,000 | 231,253 |
3.78%, 03/09/26 | 200,000 | 194,614 |
2.63%, 07/14/26 | 400,000 | 377,832 |
1.40%, 09/17/26 | 300,000 | 273,465 |
3.01%, 10/19/26 | 200,000 | 189,472 |
3.45%, 01/11/27 | 200,000 | 191,614 |
2.17%, 01/14/27 | 200,000 | 184,726 |
3.36%, 07/12/27 | 400,000 | 379,468 |
5.52%, 01/13/28 | 250,000 | 254,082 |
3.54%, 01/17/28 | 200,000 | 189,564 |
5.80%, 07/13/28 | 200,000 | 205,538 |
5.72%, 09/14/28 | 400,000 | 409,044 |
1.90%, 09/17/28 | 250,000 | 217,665 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 247,210 |
5.63%, 08/23/27 (a) | 250,000 | 243,390 |
Synchrony Financial | ||
4.50%, 07/23/25 (a) | 150,000 | 146,649 |
3.95%, 12/01/27 (a) | 150,000 | 139,020 |
Toronto-Dominion Bank | ||
3.77%, 06/06/25 | 300,000 | 294,705 |
1.15%, 06/12/25 | 150,000 | 142,394 |
0.75%, 09/11/25 | 200,000 | 187,450 |
0.75%, 01/06/26 | 250,000 | 231,280 |
1.20%, 06/03/26 | 200,000 | 183,586 |
5.53%, 07/17/26 | 300,000 | 302,775 |
1.25%, 09/10/26 | 200,000 | 182,264 |
1.95%, 01/12/27 | 100,000 | 92,059 |
2.80%, 03/10/27 | 250,000 | 234,550 |
4.11%, 06/08/27 | 250,000 | 242,778 |
4.69%, 09/15/27 | 300,000 | 296,679 |
5.16%, 01/10/28 | 200,000 | 200,748 |
5.52%, 07/17/28 | 150,000 | 152,478 |
3.63%, 09/15/31 (a)(c) | 200,000 | 191,136 |
Truist Bank | ||
1.50%, 03/10/25 (a) | 250,000 | 240,280 |
3.63%, 09/16/25 (a) | 300,000 | 291,156 |
3.30%, 05/15/26 (a) | 200,000 | 190,736 |
3.80%, 10/30/26 (a) | 250,000 | 239,095 |
Truist Financial Corp. | ||
4.00%, 05/01/25 (a) | 250,000 | 245,553 |
1.20%, 08/05/25 (a) | 250,000 | 235,210 |
5.90%, 10/28/26 (a)(c) | 150,000 | 150,456 |
1.27%, 03/02/27 (a)(c) | 200,000 | 183,672 |
1.13%, 08/03/27 (a) | 150,000 | 130,631 |
4.12%, 06/06/28 (a)(c) | 200,000 | 192,308 |
4.87%, 01/26/29 (a)(c) | 250,000 | 243,585 |
1.89%, 06/07/29 (a)(c) | 200,000 | 171,962 |
7.16%, 10/30/29 (a)(c) | 250,000 | 264,937 |
5.44%, 01/24/30 (a)(c) | 150,000 | 148,581 |
U.S. Bancorp | ||
1.45%, 05/12/25 (a) | 250,000 | 239,278 |
3.95%, 11/17/25 (a) | 250,000 | 244,680 |
3.10%, 04/27/26 (a) | 200,000 | 191,078 |
2.38%, 07/22/26 (a) | 200,000 | 187,490 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.73%, 10/21/26 (a)(c) | 200,000 | 200,902 |
3.15%, 04/27/27 (a) | 150,000 | 141,686 |
2.22%, 01/27/28 (a)(c) | 200,000 | 183,288 |
4.55%, 07/22/28 (a)(c) | 400,000 | 390,704 |
4.65%, 02/01/29 (a)(c) | 300,000 | 291,786 |
5.78%, 06/12/29 (a)(c) | 250,000 | 252,672 |
5.38%, 01/23/30 (a)(c) | 250,000 | 248,670 |
UBS AG | ||
5.65%, 09/11/28 | 250,000 | 255,122 |
UBS Group AG | ||
3.75%, 03/26/25 | 500,000 | 489,720 |
4.55%, 04/17/26 | 350,000 | 343,913 |
Wells Fargo & Co. | ||
3.55%, 09/29/25 | 400,000 | 389,752 |
3.00%, 04/22/26 | 600,000 | 572,628 |
3.91%, 04/25/26 (a)(c) | 450,000 | 441,382 |
2.19%, 04/30/26 (a)(c) | 500,000 | 479,825 |
4.10%, 06/03/26 | 450,000 | 438,228 |
4.54%, 08/15/26 (a)(c) | 200,000 | 197,296 |
3.00%, 10/23/26 | 600,000 | 567,216 |
3.20%, 06/17/27 (a)(c) | 450,000 | 428,494 |
4.30%, 07/22/27 | 400,000 | 388,392 |
3.53%, 03/24/28 (a)(c) | 700,000 | 663,915 |
3.58%, 05/22/28 (a)(c) | 500,000 | 473,885 |
2.39%, 06/02/28 (a)(c) | 500,000 | 456,265 |
4.81%, 07/25/28 (a)(c) | 500,000 | 491,400 |
4.15%, 01/24/29 (a) | 350,000 | 335,237 |
5.57%, 07/25/29 (a)(c) | 700,000 | 705,187 |
6.30%, 10/23/29 (a)(c) | 400,000 | 414,672 |
5.20%, 01/23/30 (a)(c) | 400,000 | 396,684 |
Wells Fargo Bank NA | ||
5.55%, 08/01/25 (a) | 350,000 | 351,533 |
4.81%, 01/15/26 (a) | 275,000 | 273,658 |
5.45%, 08/07/26 (a) | 350,000 | 353,160 |
Westpac Banking Corp. | ||
3.74%, 08/26/25 | 150,000 | 147,153 |
2.85%, 05/13/26 | 200,000 | 191,150 |
1.15%, 06/03/26 | 250,000 | 229,800 |
2.70%, 08/19/26 | 200,000 | 189,746 |
3.35%, 03/08/27 | 200,000 | 191,338 |
5.46%, 11/18/27 | 250,000 | 254,335 |
3.40%, 01/25/28 | 200,000 | 189,548 |
5.54%, 11/17/28 | 200,000 | 204,850 |
1.95%, 11/20/28 | 200,000 | 175,546 |
4.32%, 11/23/31 (a)(c) | 300,000 | 288,183 |
135,431,788 | ||
Brokerage/Asset Managers/Exchanges 0.4% | ||
Affiliated Managers Group, Inc. | ||
3.50%, 08/01/25 | 100,000 | 97,324 |
Ameriprise Financial, Inc. | ||
3.00%, 04/02/25 (a) | 150,000 | 146,139 |
5.70%, 12/15/28 (a) | 100,000 | 102,902 |
Ares Management Corp | ||
6.38%, 11/10/28 (a) | 100,000 | 103,980 |
BGC Group, Inc. | ||
8.00%, 05/25/28 (a) | 75,000 | 79,289 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 100,000 | 95,671 |
Brookfield Finance, Inc. | ||
3.90%, 01/25/28 (a) | 200,000 | 191,906 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 150,000 | 145,257 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Charles Schwab Corp. | ||
3.00%, 03/10/25 (a)(e) | 50,000 | 48,842 |
4.20%, 03/24/25 (a)(e) | 50,000 | 49,456 |
3.63%, 04/01/25 (a)(e) | 50,000 | 49,061 |
3.85%, 05/21/25 (a)(e) | 100,000 | 98,149 |
3.45%, 02/13/26 (a)(e) | 50,000 | 48,407 |
0.90%, 03/11/26 (a)(e) | 175,000 | 160,545 |
1.15%, 05/13/26 (a)(e) | 150,000 | 137,671 |
5.88%, 08/24/26 (a)(e) | 125,000 | 126,994 |
3.20%, 03/02/27 (a)(e) | 50,000 | 47,469 |
2.45%, 03/03/27 (a)(e) | 200,000 | 185,438 |
3.30%, 04/01/27 (a)(e) | 100,000 | 95,025 |
3.20%, 01/25/28 (a)(e) | 100,000 | 93,656 |
2.00%, 03/20/28 (a)(e) | 150,000 | 133,041 |
5.64%, 05/19/29 (a)(c)(e) | 150,000 | 151,981 |
6.20%, 11/17/29 (a)(c) | 175,000 | 180,777 |
CME Group, Inc. | ||
3.75%, 06/15/28 (a) | 100,000 | 96,570 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 97,456 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 200,000 | 196,140 |
3.75%, 12/01/25 (a) | 200,000 | 195,056 |
3.10%, 09/15/27 (a) | 100,000 | 93,992 |
4.00%, 09/15/27 (a) | 250,000 | 241,507 |
3.75%, 09/21/28 (a) | 100,000 | 95,489 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 150,000 | 145,844 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 200,000 | 198,744 |
5.88%, 07/21/28 (a) | 150,000 | 152,989 |
Lazard Group LLC | ||
3.63%, 03/01/27 (a) | 150,000 | 142,122 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 75,000 | 74,529 |
LPL Holdings, Inc. | ||
6.75%, 11/17/28 (a) | 100,000 | 104,409 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 150,000 | 145,629 |
5.35%, 06/28/28 (a) | 175,000 | 176,813 |
Nomura Holdings, Inc. | ||
1.85%, 07/16/25 | 400,000 | 379,904 |
2.33%, 01/22/27 | 200,000 | 183,380 |
5.39%, 07/06/27 | 200,000 | 199,644 |
5.84%, 01/18/28 | 200,000 | 202,900 |
6.07%, 07/12/28 | 200,000 | 204,880 |
2.17%, 07/14/28 | 200,000 | 174,416 |
6,071,393 | ||
Finance Companies 0.6% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
6.50%, 07/15/25 (a) | 200,000 | 201,878 |
4.45%, 10/01/25 (a) | 150,000 | 147,177 |
1.75%, 01/30/26 (a) | 250,000 | 232,305 |
4.45%, 04/03/26 (a) | 150,000 | 147,049 |
2.45%, 10/29/26 (a) | 500,000 | 461,490 |
6.45%, 04/15/27 (a)(d) | 250,000 | 256,017 |
3.65%, 07/21/27 (a) | 200,000 | 188,338 |
4.63%, 10/15/27 (a) | 150,000 | 145,350 |
5.75%, 06/06/28 (a) | 150,000 | 151,273 |
3.00%, 10/29/28 (a) | 650,000 | 584,181 |
Air Lease Corp. | ||
3.25%, 03/01/25 (a) | 100,000 | 97,670 |
3.38%, 07/01/25 (a) | 150,000 | 145,773 |
2.88%, 01/15/26 (a) | 200,000 | 190,818 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 06/01/26 (a) | 150,000 | 144,580 |
1.88%, 08/15/26 (a) | 250,000 | 229,652 |
2.20%, 01/15/27 (a) | 200,000 | 183,284 |
5.85%, 12/15/27 (a) | 100,000 | 101,192 |
5.30%, 02/01/28 (a) | 150,000 | 149,248 |
4.63%, 10/01/28 (a) | 100,000 | 96,649 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 125,000 | 121,203 |
ARES Capital Corp. | ||
4.25%, 03/01/25 (a) | 100,000 | 98,073 |
3.25%, 07/15/25 (a) | 150,000 | 144,144 |
3.88%, 01/15/26 (a) | 250,000 | 239,932 |
2.15%, 07/15/26 (a) | 150,000 | 136,319 |
2.88%, 06/15/27 (a) | 100,000 | 90,886 |
2.88%, 06/15/28 (a) | 200,000 | 175,270 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 75,000 | 70,222 |
2.55%, 10/13/26 (a) | 50,000 | 45,546 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 100,000 | 91,366 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 100,000 | 93,509 |
Blackstone Private Credit Fund | ||
4.70%, 03/24/25 (b) | 200,000 | 196,978 |
2.63%, 12/15/26 (a) | 200,000 | 180,774 |
3.25%, 03/15/27 (a) | 200,000 | 183,012 |
7.30%, 11/27/28 (a)(d) | 75,000 | 77,404 |
4.00%, 01/15/29 (a) | 100,000 | 90,983 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 200,000 | 190,784 |
2.75%, 09/16/26 (a) | 150,000 | 137,648 |
2.13%, 02/15/27 (a) | 100,000 | 89,609 |
2.85%, 09/30/28 (a) | 100,000 | 87,021 |
Blue Owl Capital Corp. | ||
4.00%, 03/30/25 (a) | 50,000 | 48,845 |
3.75%, 07/22/25 (a) | 100,000 | 96,397 |
4.25%, 01/15/26 (a) | 100,000 | 96,343 |
3.40%, 07/15/26 (a) | 250,000 | 232,905 |
2.88%, 06/11/28 (a) | 100,000 | 87,486 |
Blue Owl Capital Corp. III | ||
3.13%, 04/13/27 (a) | 50,000 | 45,216 |
Blue Owl Credit Income Corp. | ||
3.13%, 09/23/26 (a) | 150,000 | 136,653 |
4.70%, 02/08/27 (a) | 150,000 | 141,315 |
7.75%, 09/16/27 (a) | 100,000 | 102,345 |
7.95%, 06/13/28 (a)(d) | 100,000 | 103,146 |
Blue Owl Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 75,000 | 66,111 |
FS KKR Capital Corp. | ||
3.40%, 01/15/26 (a) | 200,000 | 189,246 |
2.63%, 01/15/27 (a) | 150,000 | 135,837 |
3.13%, 10/12/28 (a) | 100,000 | 86,437 |
7.88%, 01/15/29 (a) | 75,000 | 77,627 |
GATX Corp. | ||
3.25%, 09/15/26 (a) | 100,000 | 95,361 |
3.50%, 03/15/28 (a) | 75,000 | 70,403 |
Goldman Sachs BDC, Inc. | ||
2.88%, 01/15/26 (a) | 150,000 | 142,786 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 100,000 | 91,152 |
2.05%, 02/15/27 (a) | 100,000 | 88,068 |
Hercules Capital, Inc. | ||
2.63%, 09/16/26 (a) | 75,000 | 67,588 |
3.38%, 01/20/27 (a) | 100,000 | 90,754 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
HPS Corporate Lending Fund | ||
6.75%, 01/30/29 (a)(d) | 100,000 | 99,091 |
Main Street Capital Corp. | ||
3.00%, 07/14/26 (a) | 100,000 | 92,422 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 100,000 | 95,632 |
New Mountain Finance Corp. | ||
6.88%, 02/01/29 (a) | 50,000 | 48,980 |
Oaktree Specialty Lending Corp. | ||
7.10%, 02/15/29 (a) | 50,000 | 50,647 |
Oaktree Strategic Credit Fund | ||
8.40%, 11/14/28 (a)(d) | 50,000 | 52,565 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 150,000 | 141,418 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 100,000 | 92,021 |
9,359,404 | ||
Financial Other 0.0% | ||
ORIX Corp. | ||
5.00%, 09/13/27 | 100,000 | 99,932 |
Insurance 0.7% | ||
Aegon Ltd. | ||
5.50%, 04/11/48 (a)(c) | 200,000 | 192,158 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 75,000 | 69,298 |
2.88%, 10/15/26 (a) | 100,000 | 94,512 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 97,237 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 138,468 |
3.28%, 12/15/26 (a) | 100,000 | 95,286 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 96,418 |
American International Group, Inc. | ||
5.75%, 04/01/48 (a)(c) | 125,000 | 122,914 |
Aon Corp./Aon Global Holdings PLC | ||
2.85%, 05/28/27 (a) | 200,000 | 186,496 |
Aon Global Ltd. | ||
3.88%, 12/15/25 (a) | 100,000 | 97,512 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 150,000 | 145,051 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 75,000 | 73,501 |
Assured Guaranty U.S. Holdings, Inc. | ||
6.13%, 09/15/28 (a) | 75,000 | 77,450 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 200,000 | 191,654 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 100,000 | 95,683 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 300,000 | 290,064 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 175,000 | 165,088 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 400,000 | 381,496 |
2.45%, 07/15/28 (a) | 400,000 | 353,124 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 175,000 | 171,124 |
3.35%, 05/03/26 (a) | 200,000 | 192,858 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 100,000 | 106,664 |
CNA Financial Corp. | ||
4.50%, 03/01/26 (a) | 75,000 | 73,823 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 100,000 | 99,457 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a) | 175,000 | 170,938 |
3.65%, 04/05/27 (a) | 225,000 | 213,201 |
6.88%, 12/15/52 (a)(c) | 150,000 | 150,067 |
Elevance Health, Inc. | ||
1.50%, 03/15/26 (a) | 200,000 | 185,810 |
3.65%, 12/01/27 (a) | 250,000 | 239,122 |
4.10%, 03/01/28 (a) | 150,000 | 145,152 |
Equitable Holdings, Inc. | ||
7.00%, 04/01/28 | 50,000 | 53,212 |
4.35%, 04/20/28 (a) | 200,000 | 192,810 |
F&G Annuities & Life, Inc. | ||
7.40%, 01/13/28 (a) | 100,000 | 102,715 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 100,000 | 97,962 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 50,000 | 48,137 |
Horace Mann Educators Corp. | ||
7.25%, 09/15/28 (a) | 50,000 | 53,569 |
Humana, Inc. | ||
4.50%, 04/01/25 (a) | 150,000 | 148,471 |
1.35%, 02/03/27 (a) | 150,000 | 134,589 |
3.95%, 03/15/27 (a) | 150,000 | 144,797 |
5.75%, 12/01/28 (a) | 75,000 | 76,625 |
Jackson Financial, Inc. | ||
5.17%, 06/08/27 (a) | 100,000 | 99,708 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 100,000 | 95,547 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 100,000 | 97,333 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 200,000 | 196,124 |
4.06%, 02/24/32 (a)(c) | 200,000 | 190,666 |
Marsh & McLennan Cos., Inc. | ||
3.75%, 03/14/26 (a) | 50,000 | 48,801 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 95,601 |
MetLife, Inc. | ||
3.00%, 03/01/25 | 100,000 | 97,773 |
3.60%, 11/13/25 (a) | 100,000 | 97,584 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 100,000 | 96,869 |
Principal Financial Group, Inc. | ||
3.40%, 05/15/25 (a) | 100,000 | 97,699 |
Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 93,373 |
2.50%, 03/15/27 (a) | 100,000 | 93,154 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 93,205 |
5.38%, 05/15/45 (a)(c) | 250,000 | 246,652 |
4.50%, 09/15/47 (a)(c) | 100,000 | 93,782 |
5.70%, 09/15/48 (a)(c) | 150,000 | 146,799 |
Radian Group, Inc. | ||
4.88%, 03/15/27 (a) | 150,000 | 145,885 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 100,000 | 98,113 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 100,000 | 98,022 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 250,000 | 245,380 |
5.15%, 10/15/25 | 200,000 | 200,468 |
3.70%, 12/15/25 | 100,000 | 97,842 |
1.25%, 01/15/26 | 100,000 | 93,443 |
3.10%, 03/15/26 | 200,000 | 193,222 |
3.45%, 01/15/27 | 100,000 | 96,536 |
3.70%, 05/15/27 (a) | 200,000 | 193,690 |
2.95%, 10/15/27 | 150,000 | 140,897 |
5.25%, 02/15/28 (a) | 200,000 | 203,388 |
3.85%, 06/15/28 | 150,000 | 144,467 |
3.88%, 12/15/28 | 100,000 | 96,037 |
4.25%, 01/15/29 (a) | 200,000 | 195,084 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 100,000 | 96,276 |
4.70%, 01/23/48 (a)(c) | 50,000 | 42,186 |
Willis North America, Inc. | ||
4.65%, 06/15/27 (a) | 150,000 | 147,288 |
4.50%, 09/15/28 (a) | 100,000 | 96,584 |
10,369,991 | ||
REITs 0.7% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 100,000 | 87,039 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 100,000 | 97,679 |
4.30%, 01/15/26 (a) | 50,000 | 49,081 |
3.95%, 01/15/27 (a) | 100,000 | 96,465 |
3.95%, 01/15/28 (a) | 100,000 | 95,292 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 96,103 |
4.90%, 02/15/29 (a) | 50,000 | 48,766 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25 (a) | 100,000 | 97,788 |
3.50%, 11/15/25 (a) | 50,000 | 48,604 |
3.35%, 05/15/27 (a) | 100,000 | 94,915 |
3.20%, 01/15/28 (a) | 100,000 | 93,780 |
1.90%, 12/01/28 (a) | 75,000 | 65,359 |
Boston Properties LP | ||
3.65%, 02/01/26 (a) | 100,000 | 96,199 |
2.75%, 10/01/26 (a) | 200,000 | 185,224 |
6.75%, 12/01/27 (a) | 100,000 | 103,382 |
4.50%, 12/01/28 (a) | 150,000 | 141,784 |
Brixmor Operating Partnership LP | ||
4.13%, 06/15/26 (a) | 100,000 | 96,886 |
3.90%, 03/15/27 (a) | 75,000 | 71,527 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 50,000 | 48,176 |
COPT Defense Properties LP | ||
2.25%, 03/15/26 (a) | 100,000 | 93,544 |
2.00%, 01/15/29 (a) | 75,000 | 62,173 |
CubeSmart LP | ||
3.13%, 09/01/26 (a) | 100,000 | 94,654 |
2.25%, 12/15/28 (a) | 100,000 | 87,063 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 200,000 | 190,740 |
5.55%, 01/15/28 (a) | 150,000 | 151,656 |
4.45%, 07/15/28 (a) | 100,000 | 96,806 |
EPR Properties | ||
4.50%, 04/01/25 (a) | 50,000 | 49,215 |
4.75%, 12/15/26 (a) | 100,000 | 96,145 |
4.50%, 06/01/27 (a) | 100,000 | 94,551 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 100,000 | 97,558 |
2.85%, 11/01/26 (a) | 100,000 | 94,416 |
3.50%, 03/01/28 (a) | 100,000 | 94,509 |
Essex Portfolio LP | ||
3.50%, 04/01/25 (a) | 100,000 | 97,917 |
3.38%, 04/15/26 (a) | 75,000 | 72,217 |
1.70%, 03/01/28 (a) | 100,000 | 86,931 |
Extra Space Storage LP | ||
3.50%, 07/01/26 (a) | 100,000 | 95,796 |
5.70%, 04/01/28 (a) | 100,000 | 101,434 |
Federal Realty OP LP | ||
1.25%, 02/15/26 (a) | 150,000 | 138,375 |
5.38%, 05/01/28 (a) | 50,000 | 49,871 |
Healthcare Realty Holdings LP | ||
3.50%, 08/01/26 (a) | 150,000 | 143,256 |
3.75%, 07/01/27 (a) | 75,000 | 70,396 |
Healthpeak OP LLC | ||
4.00%, 06/01/25 (a) | 100,000 | 98,149 |
3.25%, 07/15/26 (a) | 100,000 | 95,560 |
2.13%, 12/01/28 (a) | 75,000 | 65,336 |
Highwoods Realty LP | ||
4.13%, 03/15/28 (a) | 100,000 | 93,472 |
Host Hotels & Resorts LP | ||
4.00%, 06/15/25 (a) | 100,000 | 98,027 |
4.50%, 02/01/26 (a) | 100,000 | 97,935 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 100,000 | 87,602 |
Kilroy Realty LP | ||
4.75%, 12/15/28 (a) | 75,000 | 70,696 |
Kimco Realty OP LLC | ||
3.80%, 04/01/27 (a) | 100,000 | 95,907 |
1.90%, 03/01/28 (a) | 100,000 | 87,666 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 94,848 |
LXP Industrial Trust | ||
6.75%, 11/15/28 (a) | 50,000 | 51,562 |
Mid-America Apartments LP | ||
4.00%, 11/15/25 (a) | 100,000 | 97,898 |
3.60%, 06/01/27 (a) | 150,000 | 143,389 |
NNN REIT, Inc. | ||
4.00%, 11/15/25 (a) | 50,000 | 48,789 |
3.50%, 10/15/27 (a) | 100,000 | 94,128 |
4.30%, 10/15/28 (a) | 100,000 | 96,061 |
Omega Healthcare Investors, Inc. | ||
5.25%, 01/15/26 (a) | 100,000 | 99,143 |
4.50%, 04/01/27 (a) | 150,000 | 144,381 |
4.75%, 01/15/28 (a) | 50,000 | 48,006 |
Physicians Realty LP | ||
3.95%, 01/15/28 (a) | 100,000 | 95,192 |
Piedmont Operating Partnership LP | ||
9.25%, 07/20/28 (a) | 100,000 | 105,533 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 100,000 | 96,103 |
2.13%, 04/15/27 (a) | 100,000 | 91,805 |
4.88%, 06/15/28 (a) | 200,000 | 199,774 |
4.00%, 09/15/28 (a) | 75,000 | 72,262 |
4.38%, 02/01/29 (a) | 75,000 | 73,304 |
Public Storage Operating Co. | ||
0.88%, 02/15/26 (a) | 150,000 | 138,469 |
1.50%, 11/09/26 (a) | 100,000 | 91,370 |
1.85%, 05/01/28 (a) | 100,000 | 88,458 |
1.95%, 11/09/28 (a) | 75,000 | 65,908 |
5.13%, 01/15/29 (a) | 100,000 | 101,065 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Realty Income Corp. | ||
3.88%, 04/15/25 (a) | 50,000 | 49,165 |
4.63%, 11/01/25 (a) | 100,000 | 98,872 |
4.88%, 06/01/26 (a) | 150,000 | 148,843 |
4.13%, 10/15/26 (a) | 150,000 | 146,037 |
3.00%, 01/15/27 (a) | 150,000 | 141,465 |
3.95%, 08/15/27 (a) | 150,000 | 144,910 |
3.65%, 01/15/28 (a) | 100,000 | 94,912 |
2.10%, 03/15/28 (a) | 75,000 | 66,564 |
4.75%, 02/15/29 (a) | 75,000 | 73,431 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 150,000 | 143,595 |
Retail Opportunity Investments Partnership LP | ||
6.75%, 10/15/28 (a) | 50,000 | 51,762 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 100,000 | 98,204 |
Simon Property Group LP | ||
3.50%, 09/01/25 (a) | 200,000 | 195,178 |
3.30%, 01/15/26 (a) | 100,000 | 96,533 |
3.25%, 11/30/26 (a) | 150,000 | 143,044 |
1.38%, 01/15/27 (a) | 150,000 | 136,107 |
3.38%, 06/15/27 (a) | 100,000 | 94,950 |
3.38%, 12/01/27 (a) | 100,000 | 94,355 |
SITE Centers Corp. | ||
4.25%, 02/01/26 (a) | 100,000 | 97,891 |
4.70%, 06/01/27 (a) | 100,000 | 98,420 |
Store Capital LLC | ||
4.50%, 03/15/28 (a) | 50,000 | 47,084 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 50,000 | 43,434 |
5.50%, 01/15/29 (a) | 75,000 | 74,338 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 100,000 | 93,432 |
UDR, Inc. | ||
3.50%, 07/01/27 (a) | 150,000 | 141,159 |
4.40%, 01/26/29 (a) | 50,000 | 47,879 |
Ventas Realty LP | ||
4.13%, 01/15/26 (a) | 100,000 | 97,399 |
3.25%, 10/15/26 (a) | 100,000 | 94,468 |
4.00%, 03/01/28 (a) | 100,000 | 95,333 |
4.40%, 01/15/29 (a) | 100,000 | 95,820 |
Welltower OP LLC | ||
4.00%, 06/01/25 (a) | 250,000 | 245,445 |
4.25%, 04/01/26 (a) | 100,000 | 98,078 |
2.70%, 02/15/27 (a) | 100,000 | 93,427 |
4.25%, 04/15/28 (a) | 102,000 | 98,752 |
10,481,356 | ||
171,813,864 | ||
Industrial 13.1% | ||
Basic Industry 0.5% | ||
Air Products & Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 200,000 | 189,132 |
4.60%, 02/08/29 (a) | 100,000 | 98,780 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 150,000 | 147,400 |
AngloGold Ashanti Holdings PLC | ||
3.38%, 11/01/28 (a) | 200,000 | 179,420 |
ArcelorMittal SA | ||
4.55%, 03/11/26 | 100,000 | 98,541 |
6.55%, 11/29/27 (a) | 200,000 | 208,244 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BHP Billiton Finance USA Ltd. | ||
4.88%, 02/27/26 | 175,000 | 174,340 |
5.25%, 09/08/26 | 100,000 | 100,646 |
4.75%, 02/28/28 (a) | 175,000 | 173,871 |
5.10%, 09/08/28 (a) | 150,000 | 151,005 |
Celanese U.S. Holdings LLC | ||
6.05%, 03/15/25 | 200,000 | 200,484 |
1.40%, 08/05/26 (a) | 150,000 | 135,939 |
6.17%, 07/15/27 (a) | 300,000 | 304,689 |
6.35%, 11/15/28 (a) | 100,000 | 102,977 |
Celulosa Arauco y Constitucion SA | ||
3.88%, 11/02/27 (a) | 200,000 | 187,878 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 100,000 | 99,300 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 150,000 | 148,285 |
4.73%, 11/15/28 (a) | 350,000 | 348,309 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 150,000 | 147,376 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 200,000 | 189,634 |
3.25%, 12/01/27 (a) | 150,000 | 142,170 |
EIDP, Inc. | ||
1.70%, 07/15/25 (a) | 100,000 | 95,075 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 150,000 | 140,657 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 100,000 | 98,517 |
4.13%, 03/01/28 (a) | 100,000 | 94,992 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 75,000 | 72,464 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 100,000 | 97,268 |
Linde, Inc. | ||
4.70%, 12/05/25 (a) | 100,000 | 99,562 |
3.20%, 01/30/26 (a) | 100,000 | 96,956 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 150,000 | 140,255 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 150,000 | 144,258 |
5.38%, 11/15/28 (a) | 50,000 | 50,342 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 50,000 | 47,983 |
4.30%, 05/23/27 (a) | 200,000 | 195,500 |
3.95%, 05/01/28 (a) | 100,000 | 96,719 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 100,000 | 97,304 |
4.90%, 03/27/28 (a) | 125,000 | 124,039 |
Packaging Corp. of America | ||
3.40%, 12/15/27 (a) | 100,000 | 94,590 |
PPG Industries, Inc. | ||
1.20%, 03/15/26 (a) | 200,000 | 184,916 |
Reliance, Inc. | ||
1.30%, 08/15/25 (a) | 50,000 | 46,944 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 150,000 | 163,470 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 100,000 | 95,509 |
Sherwin-Williams Co. | ||
3.45%, 08/01/25 (a) | 100,000 | 97,472 |
3.95%, 01/15/26 (a) | 50,000 | 48,946 |
3.45%, 06/01/27 (a) | 300,000 | 285,828 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 98,097 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 100,000 | 96,096 |
1.65%, 10/15/27 (a) | 100,000 | 88,960 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 200,000 | 200,130 |
Suzano International Finance BV | ||
5.50%, 01/17/27 | 200,000 | 199,832 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 75,000 | 76,322 |
Westlake Corp. | ||
3.60%, 08/15/26 (a) | 150,000 | 144,394 |
Weyerhaeuser Co. | ||
4.75%, 05/15/26 | 100,000 | 98,874 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 100,000 | 98,030 |
4.65%, 03/15/26 (a) | 200,000 | 197,466 |
4.00%, 03/15/28 (a) | 100,000 | 95,526 |
3.90%, 06/01/28 (a) | 100,000 | 94,836 |
7,726,549 | ||
Capital Goods 1.4% | ||
3M Co. | ||
2.65%, 04/15/25 (a) | 100,000 | 96,883 |
2.25%, 09/19/26 (a) | 100,000 | 93,219 |
2.88%, 10/15/27 (a) | 200,000 | 185,280 |
3.63%, 09/14/28 (a) | 100,000 | 94,416 |
Allegion U.S. Holding Co., Inc. | ||
3.55%, 10/01/27 (a) | 100,000 | 94,640 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 100,000 | 96,381 |
4.50%, 05/15/28 (a) | 100,000 | 97,304 |
Amcor Flexibles North America, Inc. | ||
4.00%, 05/17/25 (a) | 100,000 | 98,096 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 250,000 | 232,940 |
1.65%, 01/15/27 (a) | 100,000 | 90,410 |
5.50%, 04/15/28 (a)(d) | 100,000 | 99,511 |
Boeing Co. | ||
4.88%, 05/01/25 (a) | 600,000 | 594,996 |
2.75%, 02/01/26 (a) | 200,000 | 189,934 |
2.20%, 02/04/26 (a) | 800,000 | 751,384 |
3.10%, 05/01/26 (a) | 150,000 | 142,860 |
2.25%, 06/15/26 (a) | 200,000 | 186,282 |
2.70%, 02/01/27 (a) | 200,000 | 186,214 |
5.04%, 05/01/27 (a) | 300,000 | 297,282 |
3.25%, 03/01/28 (a) | 100,000 | 92,471 |
Carlisle Cos., Inc. | ||
3.75%, 12/01/27 (a) | 100,000 | 95,106 |
Carrier Global Corp. | ||
2.49%, 02/15/27 (a) | 300,000 | 278,862 |
Caterpillar Financial Services Corp. | ||
3.40%, 05/13/25 | 200,000 | 195,788 |
1.45%, 05/15/25 | 200,000 | 191,304 |
0.80%, 11/13/25 | 200,000 | 186,538 |
0.90%, 03/02/26 | 350,000 | 323,165 |
4.35%, 05/15/26 | 200,000 | 197,636 |
1.15%, 09/14/26 (b) | 150,000 | 136,763 |
3.60%, 08/12/27 | 200,000 | 192,704 |
1.10%, 09/14/27 | 200,000 | 176,282 |
4.85%, 02/27/29 | 150,000 | 150,171 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CNH Industrial Capital LLC | ||
1.88%, 01/15/26 (a) | 200,000 | 187,546 |
1.45%, 07/15/26 (a) | 150,000 | 137,222 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 100,000 | 96,023 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 100,000 | 97,409 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 100,000 | 96,472 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 100,000 | 94,617 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 200,000 | 180,862 |
1.80%, 10/15/27 (a) | 100,000 | 90,062 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 175,000 | 167,169 |
General Dynamics Corp. | ||
3.25%, 04/01/25 (a) | 125,000 | 122,404 |
1.15%, 06/01/26 (a) | 150,000 | 138,194 |
2.13%, 08/15/26 (a) | 100,000 | 93,626 |
3.50%, 04/01/27 (a) | 200,000 | 192,538 |
2.63%, 11/15/27 (a) | 150,000 | 138,831 |
3.75%, 05/15/28 (a) | 100,000 | 96,278 |
HEICO Corp. | ||
5.25%, 08/01/28 (a) | 100,000 | 100,741 |
Hexcel Corp. | ||
4.20%, 02/15/27 (a) | 150,000 | 142,913 |
Honeywell International, Inc. | ||
1.35%, 06/01/25 (a) | 300,000 | 286,659 |
2.50%, 11/01/26 (a) | 400,000 | 377,092 |
4.25%, 01/15/29 (a) | 100,000 | 97,847 |
Howmet Aerospace, Inc. | ||
6.88%, 05/01/25 (a) | 100,000 | 101,102 |
5.90%, 02/01/27 | 100,000 | 101,099 |
6.75%, 01/15/28 | 50,000 | 52,175 |
3.00%, 01/15/29 (a) | 100,000 | 89,705 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 100,000 | 96,548 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 150,000 | 140,621 |
2.04%, 08/16/28 (a) | 100,000 | 86,974 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 200,000 | 190,198 |
Ingersoll Rand, Inc. | ||
5.40%, 08/14/28 (a) | 100,000 | 100,787 |
John Deere Capital Corp. | ||
3.45%, 03/13/25 | 200,000 | 196,450 |
4.80%, 01/09/26 | 300,000 | 299,307 |
0.70%, 01/15/26 | 150,000 | 138,882 |
1.05%, 06/17/26 | 250,000 | 229,250 |
2.25%, 09/14/26 | 200,000 | 187,344 |
1.30%, 10/13/26 | 150,000 | 137,103 |
1.70%, 01/11/27 | 200,000 | 183,264 |
1.75%, 03/09/27 | 200,000 | 182,958 |
4.15%, 09/15/27 | 200,000 | 196,108 |
4.75%, 01/20/28 | 200,000 | 199,962 |
4.90%, 03/03/28 | 125,000 | 125,715 |
1.50%, 03/06/28 | 175,000 | 154,290 |
4.95%, 07/14/28 | 250,000 | 251,577 |
4.50%, 01/16/29 | 200,000 | 197,202 |
Johnson Controls International PLC | ||
3.90%, 02/14/26 (a) | 100,000 | 97,499 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 300,000 | 294,543 |
5.40%, 01/15/27 | 200,000 | 201,372 |
4.40%, 06/15/28 (a) | 200,000 | 194,358 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 125,000 | 117,898 |
5.50%, 09/15/28 (a) | 100,000 | 100,987 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 250,000 | 243,642 |
5.10%, 11/15/27 (a) | 150,000 | 151,642 |
4.50%, 02/15/29 (a) | 100,000 | 98,267 |
Martin Marietta Materials, Inc. | ||
3.50%, 12/15/27 (a) | 100,000 | 94,941 |
Masco Corp. | ||
1.50%, 02/15/28 (a) | 100,000 | 86,890 |
Mohawk Industries, Inc. | ||
5.85%, 09/18/28 (a) | 100,000 | 102,085 |
Nordson Corp. | ||
5.60%, 09/15/28 (a) | 75,000 | 76,275 |
Northrop Grumman Corp. | ||
3.20%, 02/01/27 (a) | 100,000 | 95,316 |
3.25%, 01/15/28 (a) | 250,000 | 234,545 |
4.60%, 02/01/29 (a) | 75,000 | 73,530 |
nVent Finance SARL | ||
4.55%, 04/15/28 (a) | 100,000 | 96,504 |
Oshkosh Corp. | ||
4.60%, 05/15/28 (a) | 100,000 | 97,373 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 250,000 | 240,867 |
5.25%, 08/16/28 (a) | 150,000 | 151,335 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 150,000 | 143,304 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27 (a) | 200,000 | 190,326 |
4.25%, 09/15/27 (a) | 200,000 | 195,662 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 150,000 | 146,608 |
Regal Rexnord Corp. | ||
6.05%, 02/15/26 (d) | 200,000 | 201,046 |
6.05%, 04/15/28 (a)(d) | 200,000 | 201,256 |
Republic Services, Inc. | ||
3.20%, 03/15/25 (a) | 100,000 | 97,647 |
0.88%, 11/15/25 (a) | 100,000 | 92,795 |
3.38%, 11/15/27 (a) | 150,000 | 142,340 |
3.95%, 05/15/28 (a) | 100,000 | 96,282 |
Rockwell Automation, Inc. | ||
2.88%, 03/01/25 (a) | 75,000 | 73,317 |
RTX Corp. | ||
3.95%, 08/16/25 (a) | 250,000 | 245,252 |
2.65%, 11/01/26 (a) | 200,000 | 188,334 |
5.75%, 11/08/26 (a) | 100,000 | 101,492 |
3.50%, 03/15/27 (a) | 300,000 | 286,842 |
3.13%, 05/04/27 (a) | 150,000 | 141,597 |
4.13%, 11/16/28 (a) | 500,000 | 480,385 |
5.75%, 01/15/29 (a) | 75,000 | 77,249 |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 100,000 | 95,846 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 100,000 | 96,414 |
6.00%, 03/06/28 (a) | 200,000 | 206,572 |
4.00%, 03/15/60 (a)(c) | 150,000 | 133,899 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Teledyne Technologies, Inc. | ||
1.60%, 04/01/26 (a) | 100,000 | 92,762 |
2.25%, 04/01/28 (a) | 150,000 | 134,448 |
Textron, Inc. | ||
4.00%, 03/15/26 (a) | 100,000 | 97,332 |
3.65%, 03/15/27 (a) | 100,000 | 95,757 |
Trane Technologies Financing Ltd. | ||
3.50%, 03/21/26 (a) | 100,000 | 96,684 |
Veralto Corp. | ||
5.50%, 09/18/26 (a)(d) | 100,000 | 100,464 |
5.35%, 09/18/28 (a)(d) | 150,000 | 151,074 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 100,000 | 92,306 |
2.40%, 04/01/28 (a) | 100,000 | 87,565 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 100,000 | 98,989 |
5.80%, 03/01/26 (a) | 100,000 | 100,000 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 100,000 | 97,882 |
0.75%, 11/15/25 (a) | 200,000 | 185,814 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 100,000 | 97,010 |
3.45%, 11/15/26 (a) | 150,000 | 142,688 |
4.70%, 09/15/28 (a)(f) | 200,000 | 195,168 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 95,522 |
1.95%, 01/30/28 (a) | 100,000 | 89,409 |
20,953,156 | ||
Communications 1.5% | ||
American Tower Corp. | ||
4.00%, 06/01/25 (a) | 150,000 | 147,096 |
4.40%, 02/15/26 (a) | 150,000 | 147,541 |
1.60%, 04/15/26 (a) | 100,000 | 92,606 |
1.45%, 09/15/26 (a) | 150,000 | 136,430 |
3.38%, 10/15/26 (a) | 250,000 | 238,470 |
2.75%, 01/15/27 (a) | 200,000 | 186,320 |
3.13%, 01/15/27 (a) | 100,000 | 94,346 |
3.65%, 03/15/27 (a) | 200,000 | 191,200 |
3.60%, 01/15/28 (a) | 200,000 | 188,332 |
5.25%, 07/15/28 (a) | 100,000 | 99,744 |
5.80%, 11/15/28 (a) | 100,000 | 102,073 |
AT&T, Inc. | ||
3.88%, 01/15/26 (a) | 50,000 | 48,803 |
5.54%, 02/20/26 (a) | 300,000 | 299,763 |
1.70%, 03/25/26 (a) | 500,000 | 465,175 |
2.95%, 07/15/26 (a) | 50,000 | 47,555 |
3.80%, 02/15/27 (a) | 150,000 | 144,604 |
4.25%, 03/01/27 (a) | 200,000 | 195,028 |
2.30%, 06/01/27 (a) | 400,000 | 366,332 |
1.65%, 02/01/28 (a) | 300,000 | 264,078 |
4.10%, 02/15/28 (a) | 250,000 | 241,120 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 650,000 | 641,108 |
6.15%, 11/10/26 (a) | 150,000 | 151,536 |
3.75%, 02/15/28 (a) | 150,000 | 138,591 |
4.20%, 03/15/28 (a) | 150,000 | 140,627 |
2.25%, 01/15/29 (a) | 150,000 | 126,666 |
Comcast Corp. | ||
3.38%, 08/15/25 (a) | 250,000 | 244,105 |
3.95%, 10/15/25 (a) | 500,000 | 491,410 |
5.25%, 11/07/25 | 150,000 | 150,688 |
3.15%, 03/01/26 (a) | 400,000 | 386,132 |
2.35%, 01/15/27 (a) | 300,000 | 279,738 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 02/01/27 (a) | 200,000 | 191,774 |
3.30%, 04/01/27 (a) | 150,000 | 143,157 |
5.35%, 11/15/27 (a) | 150,000 | 152,400 |
3.15%, 02/15/28 (a) | 150,000 | 140,738 |
3.55%, 05/01/28 (a) | 150,000 | 142,442 |
4.15%, 10/15/28 (a) | 600,000 | 582,684 |
4.55%, 01/15/29 (a) | 100,000 | 98,451 |
Crown Castle, Inc. | ||
1.35%, 07/15/25 (a) | 100,000 | 94,633 |
4.45%, 02/15/26 (a) | 150,000 | 147,252 |
3.70%, 06/15/26 (a) | 200,000 | 192,784 |
1.05%, 07/15/26 (a) | 200,000 | 180,846 |
2.90%, 03/15/27 (a) | 150,000 | 139,718 |
3.65%, 09/01/27 (a) | 150,000 | 141,630 |
5.00%, 01/11/28 (a) | 250,000 | 246,457 |
3.80%, 02/15/28 (a) | 100,000 | 94,219 |
Discovery Communications LLC | ||
3.45%, 03/15/25 (a) | 50,000 | 48,843 |
4.90%, 03/11/26 (a) | 200,000 | 196,976 |
3.95%, 03/20/28 (a) | 300,000 | 280,698 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 100,000 | 97,346 |
4.71%, 01/25/29 (a) | 300,000 | 292,887 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 100,000 | 97,982 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 425,000 | 407,549 |
4.60%, 05/15/28 (a) | 275,000 | 274,004 |
Netflix, Inc. | ||
4.38%, 11/15/26 | 175,000 | 172,235 |
4.88%, 04/15/28 | 250,000 | 249,680 |
5.88%, 11/15/28 | 300,000 | 310,935 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26 (a) | 300,000 | 290,778 |
Paramount Global | ||
2.90%, 01/15/27 (a) | 200,000 | 180,274 |
3.70%, 06/01/28 (a) | 100,000 | 87,676 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a) | 150,000 | 146,073 |
3.63%, 12/15/25 (a) | 150,000 | 145,407 |
3.20%, 03/15/27 (a) | 300,000 | 282,573 |
5.00%, 02/15/29 (a) | 200,000 | 198,232 |
Sprint Capital Corp. | ||
6.88%, 11/15/28 | 400,000 | 426,468 |
Sprint LLC | ||
7.63%, 03/01/26 (a) | 250,000 | 258,390 |
Take-Two Interactive Software, Inc. | ||
3.70%, 04/14/27 (a) | 200,000 | 191,246 |
4.95%, 03/28/28 (a) | 100,000 | 99,229 |
Telefonica Emisiones SA | ||
4.10%, 03/08/27 | 250,000 | 242,185 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 100,000 | 93,745 |
3.70%, 09/15/27 (a) | 150,000 | 142,462 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 475,000 | 464,512 |
1.50%, 02/15/26 (a) | 200,000 | 185,994 |
2.25%, 02/15/26 (a) | 300,000 | 282,699 |
2.63%, 04/15/26 (a) | 200,000 | 189,538 |
3.75%, 04/15/27 (a) | 650,000 | 623,220 |
5.38%, 04/15/27 (a) | 100,000 | 99,926 |
2.05%, 02/15/28 (a) | 250,000 | 222,805 |
4.95%, 03/15/28 (a) | 250,000 | 248,550 |
4.80%, 07/15/28 (a) | 150,000 | 148,098 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 01/15/29 (a) | 150,000 | 148,173 |
2.63%, 02/15/29 (a) | 150,000 | 133,313 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 194,068 |
3.00%, 02/13/26 | 200,000 | 192,650 |
1.85%, 07/30/26 | 150,000 | 139,487 |
2.95%, 06/15/27 | 150,000 | 142,190 |
Verizon Communications, Inc. | ||
0.85%, 11/20/25 (a) | 250,000 | 232,050 |
1.45%, 03/20/26 (a) | 300,000 | 278,256 |
2.63%, 08/15/26 | 300,000 | 282,975 |
4.13%, 03/16/27 | 300,000 | 291,834 |
3.00%, 03/22/27 (a) | 150,000 | 141,222 |
2.10%, 03/22/28 (a) | 450,000 | 400,788 |
4.33%, 09/21/28 | 750,000 | 728,287 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 250,000 | 245,997 |
4.38%, 05/30/28 | 100,000 | 98,310 |
Walt Disney Co. | ||
3.35%, 03/24/25 | 375,000 | 367,519 |
1.75%, 01/13/26 | 300,000 | 282,885 |
2.20%, 01/13/28 | 100,000 | 91,245 |
Warnermedia Holdings, Inc. | ||
3.64%, 03/15/25 | 400,000 | 391,616 |
3.76%, 03/15/27 (a) | 600,000 | 568,158 |
22,166,640 | ||
Consumer Cyclical 2.3% | ||
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 400,000 | 377,844 |
Amazon.com, Inc. | ||
3.00%, 04/13/25 | 100,000 | 97,719 |
0.80%, 06/03/25 (a) | 150,000 | 142,470 |
4.60%, 12/01/25 | 250,000 | 248,922 |
5.20%, 12/03/25 (a) | 150,000 | 150,702 |
1.00%, 05/12/26 (a) | 450,000 | 414,306 |
3.30%, 04/13/27 (a) | 350,000 | 335,520 |
1.20%, 06/03/27 (a) | 200,000 | 178,948 |
3.15%, 08/22/27 (a) | 575,000 | 545,945 |
4.55%, 12/01/27 (a) | 300,000 | 299,085 |
1.65%, 05/12/28 (a) | 350,000 | 310,737 |
American Honda Finance Corp. | ||
1.20%, 07/08/25 | 250,000 | 237,160 |
1.00%, 09/10/25 | 250,000 | 234,982 |
4.95%, 01/09/26 | 200,000 | 199,430 |
5.25%, 07/07/26 | 200,000 | 201,520 |
1.30%, 09/09/26 | 200,000 | 182,668 |
2.35%, 01/08/27 | 150,000 | 139,989 |
4.70%, 01/12/28 | 100,000 | 99,571 |
2.00%, 03/24/28 | 100,000 | 89,644 |
5.13%, 07/07/28 | 150,000 | 151,285 |
5.65%, 11/15/28 | 150,000 | 154,308 |
2.25%, 01/12/29 | 100,000 | 88,825 |
AutoNation, Inc. | ||
4.50%, 10/01/25 (a) | 150,000 | 147,387 |
1.95%, 08/01/28 (a) | 50,000 | 42,805 |
AutoZone, Inc. | ||
3.63%, 04/15/25 (a) | 100,000 | 98,189 |
3.75%, 06/01/27 (a) | 200,000 | 192,188 |
4.50%, 02/01/28 (a) | 100,000 | 98,023 |
6.25%, 11/01/28 (a) | 100,000 | 104,073 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 50,000 | 49,660 |
2.50%, 07/15/28 (a) | 75,000 | 66,094 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Booking Holdings, Inc. | ||
3.60%, 06/01/26 (a) | 300,000 | 290,802 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 200,000 | 184,686 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 150,000 | 148,301 |
Costco Wholesale Corp. | ||
3.00%, 05/18/27 (a) | 100,000 | 95,440 |
1.38%, 06/20/27 (a) | 250,000 | 224,835 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 140,735 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 150,000 | 144,267 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 100,000 | 98,004 |
3.88%, 04/15/27 (a) | 100,000 | 96,183 |
4.63%, 11/01/27 (a) | 100,000 | 98,108 |
4.13%, 05/01/28 (a) | 100,000 | 96,691 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 200,000 | 196,510 |
4.20%, 05/15/28 (a) | 200,000 | 192,794 |
DR Horton, Inc. | ||
2.60%, 10/15/25 (a) | 50,000 | 47,862 |
1.30%, 10/15/26 (a) | 200,000 | 181,038 |
eBay, Inc. | ||
1.90%, 03/11/25 (a) | 150,000 | 144,788 |
1.40%, 05/10/26 (a) | 200,000 | 184,500 |
3.60%, 06/05/27 (a) | 150,000 | 143,381 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 100,000 | 99,367 |
4.63%, 08/01/27 (a) | 150,000 | 146,891 |
3.80%, 02/15/28 (a) | 150,000 | 141,927 |
Ford Motor Co. | ||
4.35%, 12/08/26 (a) | 250,000 | 242,982 |
6.63%, 10/01/28 | 100,000 | 104,594 |
Ford Motor Credit Co. LLC | ||
5.13%, 06/16/25 (a) | 300,000 | 297,093 |
4.13%, 08/04/25 | 200,000 | 195,216 |
3.38%, 11/13/25 (a) | 325,000 | 311,948 |
4.39%, 01/08/26 | 200,000 | 194,632 |
6.95%, 06/10/26 (a) | 200,000 | 203,996 |
4.54%, 08/01/26 (a) | 200,000 | 193,930 |
2.70%, 08/10/26 (a) | 200,000 | 185,768 |
4.27%, 01/09/27 (a) | 200,000 | 191,662 |
5.80%, 03/05/27 (a) | 200,000 | 199,770 |
4.95%, 05/28/27 (a) | 250,000 | 243,132 |
4.13%, 08/17/27 (a) | 200,000 | 189,128 |
3.82%, 11/02/27 (a) | 200,000 | 186,616 |
7.35%, 11/04/27 (a) | 250,000 | 261,360 |
2.90%, 02/16/28 (a) | 200,000 | 179,364 |
6.80%, 05/12/28 (a) | 250,000 | 258,172 |
6.80%, 11/07/28 (a) | 200,000 | 207,268 |
General Motors Co. | ||
4.00%, 04/01/25 | 100,000 | 98,440 |
6.13%, 10/01/25 (a) | 300,000 | 302,553 |
6.80%, 10/01/27 (a) | 200,000 | 208,892 |
5.00%, 10/01/28 (a) | 100,000 | 99,383 |
General Motors Financial Co., Inc. | ||
4.35%, 04/09/25 (a) | 150,000 | 148,082 |
2.75%, 06/20/25 (a) | 250,000 | 241,307 |
4.30%, 07/13/25 (a) | 200,000 | 196,720 |
1.25%, 01/08/26 (a) | 350,000 | 324,411 |
5.25%, 03/01/26 (a) | 200,000 | 199,414 |
5.40%, 04/06/26 | 250,000 | 250,157 |
1.50%, 06/10/26 (a) | 200,000 | 183,274 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 10/06/26 (a) | 200,000 | 193,430 |
4.35%, 01/17/27 (a) | 150,000 | 146,055 |
2.35%, 02/26/27 (a) | 250,000 | 229,265 |
5.00%, 04/09/27 (a) | 300,000 | 297,087 |
2.70%, 08/20/27 (a) | 200,000 | 183,560 |
6.00%, 01/09/28 (a) | 150,000 | 153,325 |
2.40%, 04/10/28 (a) | 200,000 | 178,382 |
5.80%, 06/23/28 (a) | 200,000 | 203,074 |
2.40%, 10/15/28 (a) | 200,000 | 175,860 |
5.80%, 01/07/29 (a) | 250,000 | 253,400 |
Genuine Parts Co. | ||
6.50%, 11/01/28 (a) | 150,000 | 157,318 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25 (a) | 150,000 | 148,814 |
5.38%, 04/15/26 (a) | 150,000 | 148,551 |
5.75%, 06/01/28 (a) | 50,000 | 49,679 |
5.30%, 01/15/29 (a) | 100,000 | 97,189 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 75,000 | 72,849 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 100,000 | 98,310 |
Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 300,000 | 292,773 |
3.00%, 04/01/26 (a) | 200,000 | 192,724 |
2.13%, 09/15/26 (a) | 300,000 | 280,509 |
2.50%, 04/15/27 (a) | 200,000 | 186,308 |
2.80%, 09/14/27 (a) | 200,000 | 187,504 |
0.90%, 03/15/28 (a) | 100,000 | 86,296 |
1.50%, 09/15/28 (a) | 150,000 | 130,763 |
3.90%, 12/06/28 (a) | 150,000 | 145,163 |
Honda Motor Co. Ltd. | ||
2.53%, 03/10/27 (a) | 250,000 | 233,657 |
Hyatt Hotels Corp. | ||
5.38%, 04/23/25 (a)(g) | 100,000 | 99,827 |
4.85%, 03/15/26 (a) | 100,000 | 98,870 |
4.38%, 09/15/28 (a) | 100,000 | 96,063 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 194,056 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 150,000 | 143,636 |
Lennar Corp. | ||
4.75%, 05/30/25 (a) | 100,000 | 99,117 |
5.00%, 06/15/27 (a) | 100,000 | 99,209 |
4.75%, 11/29/27 (a) | 150,000 | 147,675 |
LKQ Corp. | ||
5.75%, 06/15/28 (a) | 100,000 | 101,048 |
Lowe's Cos., Inc. | ||
4.00%, 04/15/25 (a) | 175,000 | 172,501 |
2.50%, 04/15/26 (a) | 300,000 | 284,841 |
3.35%, 04/01/27 (a) | 200,000 | 190,594 |
3.10%, 05/03/27 (a) | 300,000 | 283,689 |
1.30%, 04/15/28 (a) | 200,000 | 173,418 |
1.70%, 09/15/28 (a) | 150,000 | 130,382 |
Magna International, Inc. | ||
4.15%, 10/01/25 (a) | 200,000 | 196,366 |
Marriott International, Inc. | ||
5.75%, 05/01/25 (a) | 100,000 | 100,378 |
3.13%, 06/15/26 (a) | 200,000 | 190,970 |
5.45%, 09/15/26 (a) | 75,000 | 75,355 |
5.00%, 10/15/27 (a) | 150,000 | 149,562 |
4.00%, 04/15/28 (a) | 100,000 | 95,815 |
5.55%, 10/15/28 (a) | 100,000 | 101,777 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 100,000 | 97,765 |
3.30%, 07/01/25 (a) | 100,000 | 97,647 |
1.45%, 09/01/25 (a) | 150,000 | 142,010 |
3.70%, 01/30/26 (a) | 350,000 | 342,125 |
3.50%, 03/01/27 (a) | 200,000 | 192,644 |
3.80%, 04/01/28 (a) | 200,000 | 192,098 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 150,000 | 145,859 |
2.38%, 11/01/26 (a) | 100,000 | 94,108 |
2.75%, 03/27/27 (a) | 250,000 | 235,772 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 150,000 | 145,179 |
4.35%, 06/01/28 (a) | 100,000 | 97,512 |
PACCAR Financial Corp. | ||
4.45%, 03/30/26 | 100,000 | 99,140 |
2.00%, 02/04/27 | 200,000 | 184,628 |
4.60%, 01/10/28 | 100,000 | 99,534 |
4.60%, 01/31/29 | 150,000 | 148,667 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 150,323 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(d) | 150,000 | 147,933 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 50,000 | 48,898 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 150,000 | 148,598 |
0.88%, 04/15/26 (a) | 100,000 | 91,489 |
Sands China Ltd. | ||
5.13%, 08/08/25 (a)(g) | 200,000 | 197,054 |
4.05%, 01/08/26 (a)(g) | 200,000 | 191,884 |
2.55%, 03/08/27 (a)(g) | 200,000 | 179,854 |
5.40%, 08/08/28 (a)(g) | 300,000 | 291,786 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 150,000 | 146,916 |
2.45%, 06/15/26 (a) | 150,000 | 141,648 |
2.00%, 03/12/27 (a) | 100,000 | 91,675 |
3.50%, 03/01/28 (a) | 200,000 | 189,686 |
4.00%, 11/15/28 (a) | 150,000 | 144,975 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 100,000 | 98,539 |
7.00%, 11/27/26 | 100,000 | 102,732 |
7.35%, 11/27/28 (a) | 200,000 | 209,432 |
Target Corp. | ||
2.25%, 04/15/25 (a) | 150,000 | 145,341 |
2.50%, 04/15/26 | 250,000 | 238,827 |
1.95%, 01/15/27 (a) | 150,000 | 138,690 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 175,000 | 164,486 |
1.15%, 05/15/28 (a) | 100,000 | 86,243 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 100,000 | 98,902 |
4.88%, 03/15/27 (a) | 100,000 | 98,352 |
Toyota Motor Corp. | ||
1.34%, 03/25/26 (a) | 300,000 | 278,649 |
3.67%, 07/20/28 | 150,000 | 145,545 |
Toyota Motor Credit Corp. | ||
3.00%, 04/01/25 | 350,000 | 342,030 |
3.40%, 04/14/25 | 100,000 | 98,025 |
3.95%, 06/30/25 | 250,000 | 246,222 |
0.80%, 10/16/25 | 200,000 | 187,012 |
0.80%, 01/09/26 | 100,000 | 92,784 |
1.13%, 06/18/26 | 200,000 | 183,566 |
5.00%, 08/14/26 | 200,000 | 200,026 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.20%, 01/11/27 | 200,000 | 191,150 |
1.90%, 01/13/27 | 50,000 | 46,073 |
3.05%, 03/22/27 | 300,000 | 284,604 |
4.55%, 09/20/27 | 200,000 | 198,354 |
5.45%, 11/10/27 | 150,000 | 153,067 |
3.05%, 01/11/28 | 100,000 | 94,174 |
4.63%, 01/12/28 | 200,000 | 198,916 |
5.25%, 09/11/28 | 200,000 | 202,986 |
3.65%, 01/08/29 | 200,000 | 189,408 |
UL Solutions, Inc. | ||
6.50%, 10/20/28 (a)(d) | 75,000 | 77,590 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 150,000 | 144,012 |
2.80%, 04/23/27 (a) | 125,000 | 113,429 |
VICI Properties LP | ||
4.38%, 05/15/25 | 75,000 | 73,782 |
4.75%, 02/15/28 (a) | 200,000 | 193,888 |
Walmart, Inc. | ||
3.55%, 06/26/25 (a) | 150,000 | 147,608 |
3.90%, 09/09/25 | 250,000 | 246,262 |
3.05%, 07/08/26 (a) | 200,000 | 192,458 |
1.05%, 09/17/26 (a) | 100,000 | 91,394 |
3.95%, 09/09/27 (a) | 200,000 | 196,044 |
3.90%, 04/15/28 (a) | 250,000 | 243,957 |
3.70%, 06/26/28 (a) | 250,000 | 241,972 |
1.50%, 09/22/28 (a) | 200,000 | 175,674 |
33,952,979 | ||
Consumer Non-Cyclical 3.3% | ||
Abbott Laboratories | ||
3.75%, 11/30/26 (a) | 300,000 | 292,347 |
1.15%, 01/30/28 (a) | 100,000 | 87,720 |
AbbVie, Inc. | ||
3.80%, 03/15/25 (a) | 500,000 | 489,935 |
3.60%, 05/14/25 (a) | 500,000 | 490,005 |
3.20%, 05/14/26 (a) | 350,000 | 336,899 |
2.95%, 11/21/26 (a) | 700,000 | 663,957 |
4.80%, 03/15/27 (a) | 300,000 | 299,199 |
4.25%, 11/14/28 (a) | 200,000 | 195,520 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 75,000 | 72,049 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 50,000 | 48,271 |
4.40%, 02/14/26 (a) | 200,000 | 196,856 |
2.63%, 09/16/26 (a) | 150,000 | 141,014 |
6.20%, 11/01/28 (a) | 100,000 | 103,899 |
4.80%, 02/14/29 (a) | 300,000 | 294,783 |
Amgen, Inc. | ||
3.13%, 05/01/25 (a) | 200,000 | 195,052 |
5.51%, 03/02/26 (a) | 275,000 | 274,849 |
2.60%, 08/19/26 (a) | 200,000 | 188,848 |
2.20%, 02/21/27 (a) | 200,000 | 184,390 |
3.20%, 11/02/27 (a) | 200,000 | 188,122 |
5.15%, 03/02/28 (a) | 600,000 | 601,524 |
1.65%, 08/15/28 (a) | 150,000 | 130,607 |
3.00%, 02/22/29 (a) | 100,000 | 91,780 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 350,000 | 341,295 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 400,000 | 387,964 |
4.75%, 01/23/29 (a) | 600,000 | 596,136 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 150,000 | 141,267 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Astrazeneca Finance LLC | ||
1.20%, 05/28/26 (a) | 250,000 | 230,010 |
4.80%, 02/26/27 (a) | 200,000 | 199,532 |
4.88%, 03/03/28 (a) | 200,000 | 199,856 |
1.75%, 05/28/28 (a) | 200,000 | 176,850 |
4.85%, 02/26/29 (a) | 200,000 | 200,006 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 200,000 | 194,564 |
0.70%, 04/08/26 (a) | 200,000 | 183,126 |
3.13%, 06/12/27 (a) | 200,000 | 190,104 |
4.00%, 01/17/29 (a) | 150,000 | 144,969 |
BAT Capital Corp. | ||
3.22%, 09/06/26 (a) | 200,000 | 189,606 |
3.56%, 08/15/27 (a) | 500,000 | 472,450 |
2.26%, 03/25/28 (a) | 150,000 | 132,770 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 300,000 | 278,073 |
4.45%, 03/16/28 (a) | 200,000 | 192,964 |
5.93%, 02/02/29 (a) | 100,000 | 102,130 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 147,323 |
Baxter International, Inc. | ||
2.60%, 08/15/26 (a) | 100,000 | 93,801 |
1.92%, 02/01/27 (a) | 300,000 | 272,817 |
2.27%, 12/01/28 (a) | 150,000 | 131,550 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 250,000 | 239,790 |
4.69%, 02/13/28 (a) | 150,000 | 147,885 |
4.87%, 02/08/29 (a) | 100,000 | 98,772 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 300,000 | 294,147 |
Boston Scientific Corp. | ||
1.90%, 06/01/25 (a) | 200,000 | 191,806 |
Bristol-Myers Squibb Co. | ||
0.75%, 11/13/25 (a) | 175,000 | 162,836 |
4.95%, 02/20/26 | 150,000 | 149,802 |
3.20%, 06/15/26 (a) | 300,000 | 288,657 |
4.90%, 02/22/27 (a) | 200,000 | 199,784 |
1.13%, 11/13/27 (a) | 175,000 | 153,433 |
3.45%, 11/15/27 (a) | 100,000 | 95,409 |
3.90%, 02/20/28 (a) | 200,000 | 193,204 |
4.90%, 02/22/29 (a) | 250,000 | 249,422 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 150,000 | 142,023 |
3.25%, 08/15/26 (a) | 150,000 | 143,087 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 150,000 | 147,628 |
3.30%, 03/19/25 (a) | 100,000 | 97,578 |
4.15%, 03/15/28 (a) | 150,000 | 144,782 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25 (a) | 100,000 | 97,579 |
3.41%, 06/15/27 (a) | 250,000 | 237,037 |
5.13%, 02/15/29 (a) | 100,000 | 99,632 |
Cencora, Inc. | ||
3.25%, 03/01/25 (a) | 97,000 | 94,907 |
3.45%, 12/15/27 (a) | 150,000 | 142,013 |
Cigna Group | ||
3.25%, 04/15/25 (a) | 100,000 | 97,617 |
4.50%, 02/25/26 (a) | 150,000 | 148,026 |
1.25%, 03/15/26 (a) | 150,000 | 138,611 |
3.40%, 03/01/27 (a) | 350,000 | 333,420 |
4.38%, 10/15/28 (a) | 600,000 | 583,032 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 100,000 | 93,907 |
3.90%, 05/15/28 (a) | 100,000 | 96,233 |
Coca-Cola Co. | ||
3.38%, 03/25/27 | 250,000 | 241,062 |
1.45%, 06/01/27 | 300,000 | 271,539 |
1.50%, 03/05/28 | 100,000 | 88,932 |
1.00%, 03/15/28 | 150,000 | 130,784 |
Colgate-Palmolive Co. | ||
3.10%, 08/15/27 (a) | 150,000 | 143,211 |
4.60%, 03/01/28 (a) | 100,000 | 100,778 |
CommonSpirit Health | ||
1.55%, 10/01/25 (a) | 100,000 | 93,967 |
Conagra Brands, Inc. | ||
4.60%, 11/01/25 (a) | 150,000 | 147,802 |
1.38%, 11/01/27 (a) | 150,000 | 130,446 |
7.00%, 10/01/28 | 100,000 | 106,908 |
4.85%, 11/01/28 (a) | 200,000 | 196,648 |
Conopco, Inc. | ||
7.25%, 12/15/26 | 50,000 | 53,080 |
Constellation Brands, Inc. | ||
4.40%, 11/15/25 (a) | 150,000 | 147,805 |
5.00%, 02/02/26 (a) | 100,000 | 99,391 |
3.70%, 12/06/26 (a) | 75,000 | 72,231 |
3.50%, 05/09/27 (a) | 200,000 | 190,148 |
4.35%, 05/09/27 (a) | 200,000 | 195,612 |
4.65%, 11/15/28 (a) | 75,000 | 73,559 |
CVS Health Corp. | ||
4.10%, 03/25/25 (a) | 150,000 | 148,159 |
3.88%, 07/20/25 (a) | 300,000 | 293,967 |
5.00%, 02/20/26 (a) | 225,000 | 224,048 |
2.88%, 06/01/26 (a) | 300,000 | 285,228 |
3.00%, 08/15/26 (a) | 150,000 | 142,491 |
3.63%, 04/01/27 (a) | 175,000 | 167,856 |
1.30%, 08/21/27 (a) | 400,000 | 351,652 |
4.30%, 03/25/28 (a) | 700,000 | 679,812 |
5.00%, 01/30/29 (a) | 200,000 | 199,348 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 200,000 | 188,644 |
5.30%, 10/24/27 (a) | 200,000 | 202,440 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 100,000 | 97,173 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 150,000 | 145,874 |
4.50%, 02/09/27 (a) | 150,000 | 149,413 |
5.50%, 03/15/27 | 75,000 | 76,803 |
3.10%, 05/15/27 (a) | 100,000 | 95,191 |
4.50%, 02/09/29 (a) | 150,000 | 149,250 |
Estee Lauder Cos., Inc. | ||
4.38%, 05/15/28 (a) | 125,000 | 122,940 |
Flowers Foods, Inc. | ||
3.50%, 10/01/26 (a) | 100,000 | 96,026 |
GE HealthCare Technologies, Inc. | ||
5.60%, 11/15/25 (a) | 300,000 | 301,008 |
5.65%, 11/15/27 (a) | 250,000 | 253,940 |
General Mills, Inc. | ||
4.00%, 04/17/25 (a) | 100,000 | 98,430 |
5.24%, 11/18/25 (a) | 100,000 | 99,948 |
3.20%, 02/10/27 (a) | 150,000 | 142,619 |
4.20%, 04/17/28 (a) | 200,000 | 194,086 |
5.50%, 10/17/28 (a) | 100,000 | 101,674 |
Gilead Sciences, Inc. | ||
3.65%, 03/01/26 (a) | 350,000 | 339,993 |
2.95%, 03/01/27 (a) | 300,000 | 283,449 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 175,000 | 171,979 |
3.88%, 05/15/28 | 300,000 | 290,283 |
Haleon U.K. Capital PLC | ||
3.13%, 03/24/25 | 250,000 | 243,917 |
Haleon U.S. Capital LLC | ||
3.38%, 03/24/27 (a) | 250,000 | 237,722 |
Hasbro, Inc. | ||
3.55%, 11/19/26 (a) | 125,000 | 118,641 |
3.50%, 09/15/27 (a) | 100,000 | 93,906 |
HCA, Inc. | ||
5.25%, 04/15/25 | 200,000 | 199,132 |
5.88%, 02/15/26 (a) | 200,000 | 200,914 |
5.25%, 06/15/26 (a) | 200,000 | 198,838 |
5.38%, 09/01/26 (a) | 200,000 | 199,448 |
4.50%, 02/15/27 (a) | 250,000 | 244,882 |
3.13%, 03/15/27 (a) | 250,000 | 235,002 |
5.20%, 06/01/28 (a) | 150,000 | 149,437 |
5.63%, 09/01/28 (a) | 200,000 | 201,624 |
5.88%, 02/01/29 (a) | 150,000 | 152,740 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 100,000 | 95,056 |
2.30%, 08/15/26 (a) | 150,000 | 141,636 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 100,000 | 88,336 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 100,819 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 75,000 | 71,578 |
IQVIA, Inc. | ||
5.70%, 05/15/28 (a) | 200,000 | 201,702 |
J M Smucker Co. | ||
3.50%, 03/15/25 | 200,000 | 196,038 |
3.38%, 12/15/27 (a) | 100,000 | 94,354 |
5.90%, 11/15/28 (a) | 100,000 | 103,010 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
5.13%, 02/01/28 (a) | 200,000 | 195,988 |
3.00%, 02/02/29 (a) | 200,000 | 175,392 |
Johnson & Johnson | ||
2.45%, 03/01/26 (a) | 250,000 | 239,265 |
2.95%, 03/03/27 (a) | 200,000 | 191,252 |
0.95%, 09/01/27 (a) | 200,000 | 176,918 |
2.90%, 01/15/28 (a) | 275,000 | 260,202 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 150,000 | 142,650 |
Kellanova | ||
3.25%, 04/01/26 | 200,000 | 192,288 |
4.30%, 05/15/28 (a) | 100,000 | 97,220 |
Kenvue, Inc. | ||
5.50%, 03/22/25 | 125,000 | 125,348 |
5.35%, 03/22/26 (a) | 150,000 | 151,030 |
5.05%, 03/22/28 (a) | 175,000 | 176,144 |
Keurig Dr Pepper, Inc. | ||
3.40%, 11/15/25 (a) | 200,000 | 193,766 |
3.43%, 06/15/27 (a) | 150,000 | 142,893 |
4.60%, 05/25/28 (a) | 100,000 | 98,607 |
Kimberly-Clark Corp. | ||
3.05%, 08/15/25 | 150,000 | 145,922 |
2.75%, 02/15/26 | 100,000 | 96,279 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 300,000 | 286,317 |
3.88%, 05/15/27 (a) | 250,000 | 241,422 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kroger Co. | ||
3.50%, 02/01/26 (a) | 100,000 | 96,949 |
2.65%, 10/15/26 (a) | 200,000 | 187,990 |
4.50%, 01/15/29 (a) | 150,000 | 146,702 |
Laboratory Corp. of America Holdings | ||
1.55%, 06/01/26 (a) | 150,000 | 138,311 |
McCormick & Co., Inc. | ||
0.90%, 02/15/26 (a)(b) | 200,000 | 184,018 |
McKesson Corp. | ||
0.90%, 12/03/25 (a) | 200,000 | 185,738 |
5.25%, 02/15/26 (a) | 100,000 | 100,000 |
4.90%, 07/15/28 (a) | 100,000 | 100,093 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 100,000 | 98,149 |
Medtronic Global Holdings SCA | ||
4.25%, 03/30/28 (a) | 150,000 | 146,810 |
Merck & Co., Inc. | ||
0.75%, 02/24/26 (a) | 50,000 | 46,250 |
1.70%, 06/10/27 (a) | 300,000 | 271,785 |
4.05%, 05/17/28 (a) | 150,000 | 147,048 |
1.90%, 12/10/28 (a) | 150,000 | 132,468 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 350,000 | 333,434 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 100,000 | 95,620 |
2.63%, 03/17/27 (a) | 150,000 | 139,910 |
4.13%, 05/07/28 (a) | 100,000 | 97,996 |
4.75%, 02/20/29 (a) | 75,000 | 74,170 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 150,000 | 144,705 |
Novartis Capital Corp. | ||
3.00%, 11/20/25 (a) | 275,000 | 266,513 |
2.00%, 02/14/27 (a) | 200,000 | 185,406 |
3.10%, 05/17/27 (a) | 200,000 | 190,374 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 100,000 | 93,004 |
Pepsico Singapore Financing I Pte. Ltd. | ||
4.55%, 02/16/29 (a) | 75,000 | 74,345 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 250,000 | 242,825 |
2.75%, 04/30/25 (a) | 150,000 | 146,117 |
3.50%, 07/17/25 (a) | 125,000 | 122,494 |
4.55%, 02/13/26 (a) | 100,000 | 99,449 |
2.85%, 02/24/26 (a) | 150,000 | 144,279 |
2.38%, 10/06/26 (a) | 200,000 | 188,488 |
2.63%, 03/19/27 (a) | 100,000 | 94,056 |
3.00%, 10/15/27 (a) | 300,000 | 282,891 |
3.60%, 02/18/28 (a) | 100,000 | 96,223 |
4.45%, 05/15/28 (a) | 100,000 | 99,886 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.65%, 05/19/25 | 425,000 | 422,488 |
4.45%, 05/19/26 (a) | 500,000 | 493,665 |
4.45%, 05/19/28 (a) | 700,000 | 686,875 |
Pfizer, Inc. | ||
0.80%, 05/28/25 (a) | 100,000 | 94,936 |
2.75%, 06/03/26 | 300,000 | 287,085 |
3.00%, 12/15/26 | 300,000 | 286,170 |
3.60%, 09/15/28 (a) | 100,000 | 95,592 |
Philip Morris International, Inc. | ||
1.50%, 05/01/25 (a) | 100,000 | 95,836 |
3.38%, 08/11/25 (a) | 200,000 | 195,060 |
4.88%, 02/13/26 | 225,000 | 223,936 |
2.75%, 02/25/26 (a) | 200,000 | 191,084 |
0.88%, 05/01/26 (a) | 150,000 | 137,106 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.75%, 02/12/27 | 100,000 | 98,764 |
5.13%, 11/17/27 (a) | 300,000 | 300,603 |
4.88%, 02/15/28 (a) | 300,000 | 298,401 |
3.13%, 03/02/28 (a) | 75,000 | 69,737 |
5.25%, 09/07/28 (a) | 100,000 | 100,762 |
4.88%, 02/13/29 (a) | 150,000 | 147,469 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 150,000 | 139,907 |
2.70%, 02/02/26 | 100,000 | 96,207 |
1.00%, 04/23/26 | 250,000 | 231,362 |
2.45%, 11/03/26 | 100,000 | 94,525 |
1.90%, 02/01/27 | 250,000 | 231,667 |
2.80%, 03/25/27 | 150,000 | 142,052 |
3.95%, 01/26/28 | 150,000 | 147,436 |
Providence St Joseph Health Obligated Group | ||
2.75%, 10/01/26 (a) | 50,000 | 46,920 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 100,000 | 98,191 |
3.45%, 06/01/26 (a) | 100,000 | 96,231 |
Revvity, Inc. | ||
1.90%, 09/15/28 (a) | 75,000 | 64,856 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 300,000 | 295,497 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 200,000 | 187,324 |
1.75%, 09/02/27 (a) | 150,000 | 133,487 |
Sanofi SA | ||
3.63%, 06/19/28 (a) | 100,000 | 96,551 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 500,000 | 476,525 |
SSM Health Care Corp. | ||
4.89%, 06/01/28 (a) | 100,000 | 99,801 |
Stryker Corp. | ||
1.15%, 06/15/25 (a) | 100,000 | 94,880 |
3.38%, 11/01/25 (a) | 200,000 | 194,128 |
3.50%, 03/15/26 (a) | 250,000 | 242,467 |
4.85%, 12/08/28 (a) | 100,000 | 99,702 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 100,000 | 94,248 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 125,000 | 121,846 |
3.30%, 07/15/26 (a) | 150,000 | 144,038 |
3.25%, 07/15/27 (a) | 100,000 | 94,309 |
5.75%, 01/17/29 (a) | 75,000 | 76,835 |
Takeda Pharmaceutical Co. Ltd. | ||
5.00%, 11/26/28 (a) | 200,000 | 199,592 |
Thermo Fisher Scientific, Inc. | ||
5.00%, 12/05/26 (a) | 150,000 | 150,454 |
4.80%, 11/21/27 (a) | 100,000 | 100,083 |
1.75%, 10/15/28 (a) | 100,000 | 87,833 |
5.00%, 01/31/29 (a) | 150,000 | 150,925 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 150,000 | 146,495 |
3.55%, 06/02/27 (a) | 200,000 | 189,654 |
Unilever Capital Corp. | ||
3.10%, 07/30/25 | 100,000 | 97,507 |
2.00%, 07/28/26 | 150,000 | 140,547 |
2.90%, 05/05/27 (a) | 200,000 | 189,114 |
3.50%, 03/22/28 (a) | 150,000 | 143,558 |
4.88%, 09/08/28 (a) | 100,000 | 100,778 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 150,000 | 136,461 |
UPMC | ||
1.80%, 04/15/26 (a) | 150,000 | 139,775 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 400,000 | 386,160 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 100,000 | 94,909 |
2.30%, 06/22/27 (a) | 125,000 | 113,084 |
Whirlpool Corp. | ||
3.70%, 05/01/25 | 100,000 | 97,917 |
4.75%, 02/26/29 (a) | 100,000 | 97,688 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 200,000 | 195,684 |
3.05%, 01/15/26 (a) | 200,000 | 192,182 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 200,000 | 197,524 |
3.00%, 09/12/27 (a) | 150,000 | 140,505 |
48,293,596 | ||
Energy 1.4% | ||
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. | ||
2.06%, 12/15/26 (a) | 150,000 | 138,443 |
3.34%, 12/15/27 (a) | 200,000 | 188,668 |
Boardwalk Pipelines LP | ||
4.45%, 07/15/27 (a) | 150,000 | 146,304 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 200,000 | 196,212 |
3.41%, 02/11/26 (a) | 100,000 | 97,007 |
3.12%, 05/04/26 (a) | 200,000 | 192,270 |
3.02%, 01/16/27 (a) | 200,000 | 190,070 |
3.59%, 04/14/27 (a) | 100,000 | 96,163 |
3.94%, 09/21/28 (a) | 100,000 | 96,102 |
4.23%, 11/06/28 (a) | 400,000 | 389,312 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 200,000 | 189,402 |
3.72%, 11/28/28 (a) | 100,000 | 95,025 |
Canadian Natural Resources Ltd. | ||
2.05%, 07/15/25 (a) | 100,000 | 95,472 |
3.85%, 06/01/27 (a) | 200,000 | 191,624 |
Cenovus Energy, Inc. | ||
4.25%, 04/15/27 (a) | 125,000 | 121,176 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 200,000 | 200,002 |
5.13%, 06/30/27 (a) | 250,000 | 248,932 |
Cheniere Energy, Inc. | ||
4.63%, 10/15/28 (a) | 250,000 | 240,210 |
Chevron Corp. | ||
1.55%, 05/11/25 (a) | 500,000 | 479,915 |
3.33%, 11/17/25 (a) | 100,000 | 97,654 |
2.95%, 05/16/26 (a) | 300,000 | 288,207 |
2.00%, 05/11/27 (a) | 200,000 | 183,982 |
Chevron USA, Inc. | ||
0.69%, 08/12/25 (a) | 125,000 | 117,608 |
3.85%, 01/15/28 (a) | 150,000 | 145,980 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 200,000 | 197,132 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 175,000 | 168,308 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 125,000 | 120,216 |
DCP Midstream Operating LP | ||
5.63%, 07/15/27 (a) | 200,000 | 201,214 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 150,000 | 150,787 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 150,000 | 143,430 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 150,000 | 150,936 |
Enbridge, Inc. | ||
1.60%, 10/04/26 (a) | 150,000 | 137,180 |
4.25%, 12/01/26 (a) | 200,000 | 195,692 |
6.00%, 11/15/28 (a) | 150,000 | 155,376 |
Energy Transfer LP | ||
4.05%, 03/15/25 (a) | 50,000 | 49,219 |
2.90%, 05/15/25 (a) | 200,000 | 193,664 |
4.75%, 01/15/26 (a) | 250,000 | 247,215 |
3.90%, 07/15/26 (a) | 100,000 | 96,755 |
4.40%, 03/15/27 (a) | 200,000 | 194,882 |
4.20%, 04/15/27 (a) | 200,000 | 193,988 |
5.50%, 06/01/27 (a) | 200,000 | 200,814 |
5.55%, 02/15/28 (a) | 200,000 | 201,740 |
4.95%, 05/15/28 (a) | 100,000 | 98,729 |
4.95%, 06/15/28 (a) | 150,000 | 147,783 |
6.10%, 12/01/28 (a) | 75,000 | 77,625 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 125,000 | 132,805 |
Enterprise Products Operating LLC | ||
5.05%, 01/10/26 | 150,000 | 149,979 |
3.70%, 02/15/26 (a) | 150,000 | 146,324 |
3.95%, 02/15/27 (a) | 100,000 | 97,402 |
4.15%, 10/16/28 (a) | 150,000 | 144,921 |
5.25%, 08/16/77 (a)(c) | 200,000 | 190,394 |
5.38%, 02/15/78 (a)(c) | 100,000 | 92,834 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 100,000 | 97,782 |
4.15%, 01/15/26 (a) | 125,000 | 123,141 |
EQT Corp. | ||
3.90%, 10/01/27 (a) | 200,000 | 189,622 |
5.70%, 04/01/28 (a) | 50,000 | 50,398 |
Exxon Mobil Corp. | ||
2.71%, 03/06/25 (a) | 200,000 | 195,302 |
2.99%, 03/19/25 (a) | 250,000 | 244,480 |
3.04%, 03/01/26 (a) | 500,000 | 483,000 |
2.28%, 08/16/26 (a) | 250,000 | 236,372 |
3.29%, 03/19/27 (a) | 50,000 | 48,172 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 100,000 | 97,749 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 175,000 | 170,579 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a) | 150,000 | 150,643 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 250,000 | 246,422 |
1.75%, 11/15/26 (a) | 125,000 | 114,198 |
4.30%, 03/01/28 (a) | 225,000 | 218,259 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26 (a) | 150,000 | 149,009 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 175,000 | 170,026 |
Marathon Petroleum Corp. | ||
4.70%, 05/01/25 (a) | 250,000 | 247,652 |
5.13%, 12/15/26 (a) | 100,000 | 99,897 |
3.80%, 04/01/28 (a) | 100,000 | 95,297 |
MPLX LP | ||
4.88%, 06/01/25 (a) | 250,000 | 247,717 |
1.75%, 03/01/26 (a) | 200,000 | 186,616 |
4.13%, 03/01/27 (a) | 250,000 | 242,495 |
4.25%, 12/01/27 (a) | 150,000 | 145,148 |
4.00%, 03/15/28 (a) | 175,000 | 167,725 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 100,000 | 99,274 |
5.50%, 01/15/26 (a) | 100,000 | 99,763 |
4.75%, 09/01/28 (a) | 100,000 | 96,890 |
Occidental Petroleum Corp. | ||
5.88%, 09/01/25 (a) | 100,000 | 100,348 |
5.50%, 12/01/25 (a) | 75,000 | 74,970 |
5.55%, 03/15/26 (a) | 150,000 | 151,003 |
8.50%, 07/15/27 (a) | 75,000 | 81,401 |
6.38%, 09/01/28 (a) | 100,000 | 103,839 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 100,000 | 99,305 |
ONEOK, Inc. | ||
5.85%, 01/15/26 (a) | 225,000 | 227,041 |
4.00%, 07/13/27 (a) | 100,000 | 96,400 |
4.55%, 07/15/28 (a) | 100,000 | 97,762 |
5.65%, 11/01/28 (a) | 150,000 | 152,715 |
Ovintiv, Inc. | ||
5.38%, 01/01/26 (a) | 100,000 | 99,493 |
5.65%, 05/15/28 (a) | 150,000 | 151,411 |
Patterson-UTI Energy, Inc. | ||
3.95%, 02/01/28 (a) | 75,000 | 70,178 |
Phillips 66 | ||
1.30%, 02/15/26 (a) | 100,000 | 92,594 |
3.90%, 03/15/28 (a) | 150,000 | 144,392 |
Phillips 66 Co. | ||
3.55%, 10/01/26 (a) | 150,000 | 144,176 |
3.75%, 03/01/28 (a) | 50,000 | 47,708 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 150,000 | 139,184 |
5.10%, 03/29/26 | 150,000 | 149,934 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 100,000 | 98,670 |
4.50%, 12/15/26 (a) | 200,000 | 196,232 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 350,000 | 349,709 |
5.88%, 06/30/26 (a) | 175,000 | 176,458 |
5.00%, 03/15/27 (a) | 300,000 | 297,945 |
4.20%, 03/15/28 (a) | 125,000 | 120,664 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 150,000 | 141,821 |
Shell International Finance BV | ||
3.25%, 05/11/25 | 500,000 | 489,090 |
2.88%, 05/10/26 | 300,000 | 287,103 |
3.88%, 11/13/28 (a) | 200,000 | 193,106 |
Spectra Energy Partners LP | ||
3.50%, 03/15/25 (a) | 150,000 | 147,075 |
3.38%, 10/15/26 (a) | 150,000 | 143,381 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 200,000 | 198,996 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 (a) | 150,000 | 146,970 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 100,000 | 98,565 |
3.90%, 05/25/27 (a) | 100,000 | 95,431 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 10/15/28 | 75,000 | 80,159 |
TotalEnergies Capital SA | ||
3.88%, 10/11/28 | 150,000 | 144,611 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 100,000 | 99,182 |
4.25%, 05/15/28 (a) | 250,000 | 240,885 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 259,785 |
4.00%, 03/15/28 (a) | 75,000 | 72,014 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 100,000 | 90,623 |
4.35%, 06/01/28 (a) | 100,000 | 97,400 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 100,000 | 97,322 |
Western Midstream Operating LP | ||
4.50%, 03/01/28 (a) | 75,000 | 71,897 |
4.75%, 08/15/28 (a) | 100,000 | 96,720 |
6.35%, 01/15/29 (a) | 100,000 | 103,308 |
Williams Cos., Inc. | ||
4.00%, 09/15/25 (a) | 200,000 | 196,180 |
3.75%, 06/15/27 (a) | 250,000 | 239,242 |
5.30%, 08/15/28 (a) | 150,000 | 151,030 |
20,862,140 | ||
Industrial Other 0.0% | ||
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 200,000 | 193,810 |
Jacobs Engineering Group, Inc. | ||
6.35%, 08/18/28 (a) | 150,000 | 154,650 |
Yale University | ||
0.87%, 04/15/25 (a) | 150,000 | 143,121 |
491,581 | ||
Technology 2.3% | ||
Adobe, Inc. | ||
2.15%, 02/01/27 (a) | 200,000 | 186,272 |
Alphabet, Inc. | ||
0.45%, 08/15/25 (a) | 150,000 | 141,060 |
2.00%, 08/15/26 (a) | 250,000 | 234,887 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 250,000 | 244,240 |
1.70%, 10/01/28 (a) | 100,000 | 87,309 |
Apple, Inc. | ||
1.13%, 05/11/25 (a) | 450,000 | 429,777 |
3.20%, 05/13/25 | 200,000 | 195,796 |
0.55%, 08/20/25 (a) | 150,000 | 141,033 |
0.70%, 02/08/26 (a) | 300,000 | 277,401 |
3.25%, 02/23/26 (a) | 500,000 | 485,175 |
2.45%, 08/04/26 (a) | 400,000 | 378,700 |
2.05%, 09/11/26 (a) | 300,000 | 280,608 |
3.35%, 02/09/27 (a) | 400,000 | 384,908 |
3.20%, 05/11/27 (a) | 400,000 | 381,860 |
3.00%, 06/20/27 (a) | 250,000 | 237,232 |
2.90%, 09/12/27 (a) | 350,000 | 330,274 |
3.00%, 11/13/27 (a) | 250,000 | 236,587 |
1.20%, 02/08/28 (a) | 200,000 | 175,820 |
4.00%, 05/10/28 (a) | 350,000 | 342,919 |
1.40%, 08/05/28 (a) | 300,000 | 262,314 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 150,000 | 147,409 |
3.30%, 04/01/27 (a) | 200,000 | 191,476 |
Arrow Electronics, Inc. | ||
6.13%, 03/01/26 (a) | 100,000 | 100,032 |
3.88%, 01/12/28 (a) | 100,000 | 94,530 |
Autodesk, Inc. | ||
3.50%, 06/15/27 (a) | 100,000 | 95,695 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 175,000 | 171,006 |
1.70%, 05/15/28 (a) | 100,000 | 89,096 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 50,000 | 48,989 |
6.25%, 03/15/28 (a) | 100,000 | 101,759 |
Baidu, Inc. | ||
3.08%, 04/07/25 (a) | 250,000 | 243,300 |
1.72%, 04/09/26 (a) | 200,000 | 185,804 |
4.38%, 03/29/28 (a) | 200,000 | 195,320 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.88%, 01/15/27 (a) | 475,000 | 459,311 |
3.50%, 01/15/28 (a) | 200,000 | 188,466 |
Broadcom, Inc. | ||
3.15%, 11/15/25 (a) | 100,000 | 96,541 |
1.95%, 02/15/28 (a)(d) | 100,000 | 88,792 |
4.11%, 09/15/28 (a) | 150,000 | 143,789 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 95,612 |
CDW LLC/CDW Finance Corp. | ||
2.67%, 12/01/26 (a) | 250,000 | 232,122 |
4.25%, 04/01/28 (a) | 100,000 | 95,296 |
3.28%, 12/01/28 (a) | 75,000 | 67,598 |
3.25%, 02/15/29 (a) | 100,000 | 89,201 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 150,000 | 136,200 |
Cisco Systems, Inc. | ||
2.95%, 02/28/26 | 100,000 | 96,415 |
2.50%, 09/20/26 (a) | 250,000 | 235,970 |
4.80%, 02/26/27 (a) | 300,000 | 300,162 |
4.85%, 02/26/29 (a) | 375,000 | 375,724 |
Concentrix Corp. | ||
6.65%, 08/02/26 (a) | 100,000 | 101,170 |
6.60%, 08/02/28 (a) | 175,000 | 175,887 |
Dell International LLC/EMC Corp. | ||
5.85%, 07/15/25 (a) | 150,000 | 150,697 |
6.02%, 06/15/26 (a) | 400,000 | 404,480 |
4.90%, 10/01/26 (a) | 250,000 | 247,800 |
6.10%, 07/15/27 (a) | 100,000 | 102,672 |
5.25%, 02/01/28 (a) | 200,000 | 201,526 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 150,000 | 136,265 |
2.38%, 09/15/28 (a) | 100,000 | 86,310 |
Equifax, Inc. | ||
2.60%, 12/15/25 (a) | 100,000 | 95,325 |
5.10%, 12/15/27 (a) | 150,000 | 149,452 |
5.10%, 06/01/28 (a) | 100,000 | 99,414 |
Equinix, Inc. | ||
1.25%, 07/15/25 (a) | 150,000 | 141,554 |
1.00%, 09/15/25 (a) | 150,000 | 140,279 |
1.45%, 05/15/26 (a) | 50,000 | 46,054 |
2.90%, 11/18/26 (a) | 150,000 | 141,312 |
1.55%, 03/15/28 (a) | 75,000 | 65,330 |
2.00%, 05/15/28 (a) | 100,000 | 88,216 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 100,000 | 93,461 |
Fidelity National Information Services, Inc. | ||
1.15%, 03/01/26 (a) | 350,000 | 323,879 |
1.65%, 03/01/28 (a) | 100,000 | 88,185 |
Fiserv, Inc. | ||
3.85%, 06/01/25 (a) | 150,000 | 147,024 |
3.20%, 07/01/26 (a) | 300,000 | 286,623 |
2.25%, 06/01/27 (a) | 250,000 | 228,810 |
5.45%, 03/02/28 (a) | 150,000 | 151,362 |
5.38%, 08/21/28 (a) | 100,000 | 100,700 |
4.20%, 10/01/28 (a) | 100,000 | 95,957 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 150,000 | 148,381 |
3.75%, 02/01/26 (a) | 100,000 | 96,749 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 125,000 | 114,769 |
Genpact Luxembourg SARL/Genpact USA, Inc. | ||
1.75%, 04/10/26 (a) | 100,000 | 92,546 |
Global Payments, Inc. | ||
1.20%, 03/01/26 (a) | 200,000 | 184,150 |
4.80%, 04/01/26 (a) | 100,000 | 98,722 |
2.15%, 01/15/27 (a) | 175,000 | 160,666 |
4.45%, 06/01/28 (a) | 100,000 | 96,449 |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25 (a) | 350,000 | 347,816 |
1.75%, 04/01/26 (a) | 150,000 | 139,446 |
5.25%, 07/01/28 (a) | 100,000 | 100,213 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 200,000 | 192,014 |
1.45%, 06/17/26 (a) | 150,000 | 137,879 |
3.00%, 06/17/27 (a) | 175,000 | 163,527 |
4.75%, 01/15/28 (a) | 100,000 | 99,030 |
IBM International Capital Pte. Ltd. | ||
4.60%, 02/05/27 (a) | 200,000 | 197,596 |
Intel Corp. | ||
3.40%, 03/25/25 (a) | 300,000 | 294,252 |
3.70%, 07/29/25 (a) | 200,000 | 195,936 |
4.88%, 02/10/26 | 275,000 | 274,156 |
2.60%, 05/19/26 (a) | 100,000 | 95,129 |
3.75%, 03/25/27 (a) | 250,000 | 241,925 |
3.75%, 08/05/27 (a) | 250,000 | 241,052 |
4.88%, 02/10/28 (a) | 350,000 | 349,128 |
1.60%, 08/12/28 (a) | 150,000 | 130,517 |
International Business Machines Corp. | ||
3.45%, 02/19/26 | 300,000 | 291,102 |
3.30%, 05/15/26 | 400,000 | 385,260 |
3.30%, 01/27/27 | 100,000 | 95,569 |
2.20%, 02/09/27 (a) | 100,000 | 92,506 |
1.70%, 05/15/27 (a) | 300,000 | 270,870 |
4.15%, 07/27/27 (a) | 200,000 | 194,956 |
4.50%, 02/06/28 (a) | 200,000 | 197,418 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 150,000 | 141,555 |
5.13%, 09/15/28 (a) | 125,000 | 126,624 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 150,000 | 138,821 |
4.25%, 05/15/27 (a) | 100,000 | 96,644 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 100,000 | 92,742 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 150,000 | 147,681 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 100,000 | 91,392 |
2.70%, 10/15/28 (a) | 50,000 | 43,874 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 100,000 | 98,557 |
3.75%, 03/15/26 (a) | 100,000 | 97,602 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 100,000 | 97,705 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 92,820 |
2.45%, 04/15/28 (a) | 150,000 | 134,771 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mastercard, Inc. | ||
2.00%, 03/03/25 (a) | 100,000 | 96,930 |
3.30%, 03/26/27 (a) | 250,000 | 239,707 |
4.88%, 03/09/28 (a) | 125,000 | 126,426 |
Microchip Technology, Inc. | ||
4.25%, 09/01/25 (a) | 200,000 | 196,442 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 100,000 | 99,449 |
4.19%, 02/15/27 (a) | 150,000 | 145,809 |
5.38%, 04/15/28 (a) | 100,000 | 100,379 |
Microsoft Corp. | ||
3.13%, 11/03/25 (a) | 200,000 | 194,436 |
2.40%, 08/08/26 (a) | 700,000 | 662,879 |
3.40%, 09/15/26 (a)(d) | 200,000 | 193,558 |
3.30%, 02/06/27 (a) | 500,000 | 483,095 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 100,000 | 98,342 |
3.25%, 01/15/28 (a) | 150,000 | 141,234 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 150,000 | 147,230 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 150,000 | 143,115 |
2.38%, 06/22/27 (a) | 100,000 | 91,667 |
Nokia OYJ | ||
4.38%, 06/12/27 | 100,000 | 95,983 |
NVIDIA Corp. | ||
3.20%, 09/16/26 (a) | 100,000 | 96,422 |
1.55%, 06/15/28 (a) | 250,000 | 221,345 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a) | 100,000 | 99,885 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 100,000 | 96,732 |
3.88%, 06/18/26 (a) | 150,000 | 145,223 |
3.15%, 05/01/27 (a) | 100,000 | 94,061 |
4.40%, 06/01/27 (a) | 50,000 | 48,877 |
Oracle Corp. | ||
2.50%, 04/01/25 (a) | 500,000 | 484,320 |
2.95%, 05/15/25 (a) | 400,000 | 388,248 |
1.65%, 03/25/26 (a) | 450,000 | 418,104 |
2.65%, 07/15/26 (a) | 550,000 | 518,155 |
2.80%, 04/01/27 (a) | 400,000 | 373,276 |
3.25%, 11/15/27 (a) | 400,000 | 375,224 |
2.30%, 03/25/28 (a) | 350,000 | 313,743 |
4.50%, 05/06/28 (a) | 100,000 | 98,130 |
PayPal Holdings, Inc. | ||
1.65%, 06/01/25 (a) | 175,000 | 167,564 |
2.65%, 10/01/26 (a) | 200,000 | 188,662 |
3.90%, 06/01/27 (a) | 100,000 | 96,744 |
QUALCOMM, Inc. | ||
3.45%, 05/20/25 (a) | 200,000 | 195,912 |
3.25%, 05/20/27 (a) | 350,000 | 333,823 |
1.30%, 05/20/28 (a) | 150,000 | 130,524 |
Roper Technologies, Inc. | ||
1.00%, 09/15/25 (a) | 100,000 | 93,670 |
3.80%, 12/15/26 (a) | 150,000 | 145,053 |
1.40%, 09/15/27 (a) | 100,000 | 88,402 |
4.20%, 09/15/28 (a) | 100,000 | 96,697 |
S&P Global, Inc. | ||
2.45%, 03/01/27 (a) | 300,000 | 279,741 |
4.75%, 08/01/28 (a) | 100,000 | 99,693 |
Salesforce, Inc. | ||
3.70%, 04/11/28 (a) | 150,000 | 144,788 |
1.50%, 07/15/28 (a) | 200,000 | 175,038 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 125,000 | 115,663 |
TD SYNNEX Corp. | ||
1.75%, 08/09/26 (a) | 100,000 | 91,188 |
2.38%, 08/09/28 (a) | 100,000 | 87,360 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 125,000 | 120,254 |
1.13%, 09/15/26 (a) | 150,000 | 136,980 |
2.90%, 11/03/27 (a) | 100,000 | 93,929 |
4.60%, 02/15/28 (a) | 100,000 | 99,886 |
4.60%, 02/08/29 (a) | 100,000 | 99,500 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 100,000 | 95,983 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 100,000 | 99,185 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 350,000 | 321,709 |
Tyco Electronics Group SA | ||
4.50%, 02/13/26 | 100,000 | 98,880 |
3.13%, 08/15/27 (a) | 100,000 | 94,603 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 150,000 | 149,463 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 200,000 | 196,522 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 700,000 | 679,063 |
1.90%, 04/15/27 (a) | 200,000 | 184,210 |
2.75%, 09/15/27 (a) | 150,000 | 140,555 |
VMware LLC | ||
4.50%, 05/15/25 (a) | 150,000 | 148,383 |
1.40%, 08/15/26 (a) | 200,000 | 181,900 |
4.65%, 05/15/27 (a) | 100,000 | 97,918 |
3.90%, 08/21/27 (a) | 200,000 | 190,764 |
1.80%, 08/15/28 (a) | 100,000 | 86,650 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 75,000 | 63,284 |
Western Union Co. | ||
1.35%, 03/15/26 (a) | 150,000 | 138,156 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 200,000 | 190,464 |
34,277,237 | ||
Transportation 0.4% | ||
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 64,315 | 60,107 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 101,175 | 92,623 |
American Airlines Pass-Through Trust | ||
3.70%, 04/01/28 | 105,630 | 100,334 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(c) | 100,000 | 99,275 |
Burlington Northern Santa Fe LLC | ||
3.00%, 04/01/25 (a) | 150,000 | 146,625 |
7.00%, 12/15/25 | 100,000 | 103,403 |
Canadian National Railway Co. | ||
2.75%, 03/01/26 (a) | 150,000 | 143,947 |
Canadian Pacific Railway Co. | ||
1.75%, 12/02/26 (a) | 200,000 | 183,426 |
4.00%, 06/01/28 (a) | 100,000 | 96,238 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 100,000 | 96,503 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CSX Corp. | ||
3.35%, 11/01/25 (a) | 100,000 | 97,100 |
3.25%, 06/01/27 (a) | 250,000 | 237,337 |
3.80%, 03/01/28 (a) | 150,000 | 144,310 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 79,072 | 70,664 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 125,000 | 120,489 |
3.40%, 02/15/28 (a) | 100,000 | 94,443 |
4.20%, 10/17/28 (a) | 75,000 | 72,325 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 100,000 | 92,328 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 100,000 | 97,661 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 100,000 | 95,659 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25 (a) | 125,000 | 122,318 |
2.90%, 06/15/26 (a) | 150,000 | 142,970 |
3.80%, 08/01/28 (a) | 100,000 | 95,748 |
Ryder System, Inc. | ||
4.63%, 06/01/25 (a) | 100,000 | 99,103 |
3.35%, 09/01/25 (a) | 75,000 | 72,722 |
1.75%, 09/01/26 (a) | 100,000 | 91,909 |
2.85%, 03/01/27 (a) | 200,000 | 187,236 |
5.25%, 06/01/28 (a) | 100,000 | 100,226 |
6.30%, 12/01/28 (a) | 75,000 | 78,184 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 200,000 | 199,462 |
5.13%, 06/15/27 (a) | 350,000 | 348,950 |
Union Pacific Corp. | ||
2.75%, 03/01/26 (a) | 200,000 | 191,570 |
2.15%, 02/05/27 (a) | 200,000 | 185,490 |
3.00%, 04/15/27 (a) | 100,000 | 94,699 |
3.95%, 09/10/28 (a) | 100,000 | 97,051 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 (a) | 52,832 | 51,560 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 (a) | 80,258 | 77,254 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 83,000 | 79,603 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 49,277 | 44,803 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 (a) | 299,485 | 301,486 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 111,200 | 109,632 |
United Parcel Service, Inc. | ||
3.90%, 04/01/25 (a) | 200,000 | 197,326 |
3.05%, 11/15/27 (a) | 150,000 | 141,024 |
5,355,123 | ||
194,079,001 | ||
Utility 1.6% | ||
Electric 1.4% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 100,000 | 95,681 |
AEP Transmission Co. LLC | ||
3.10%, 12/01/26 (a) | 150,000 | 142,883 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 138,657 |
5.45%, 06/01/28 (a) | 150,000 | 149,580 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 150,000 | 144,070 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 250,000 | 242,115 |
1.95%, 03/15/27 (a) | 75,000 | 68,563 |
1.75%, 03/15/28 (a) | 75,000 | 65,981 |
Ameren Illinois Co. | ||
3.80%, 05/15/28 (a) | 100,000 | 96,467 |
American Electric Power Co., Inc. | ||
1.00%, 11/01/25 (a) | 250,000 | 232,422 |
5.20%, 01/15/29 (a) | 150,000 | 149,886 |
3.88%, 02/15/62 (a)(c) | 150,000 | 133,907 |
Avangrid, Inc. | ||
3.20%, 04/15/25 (a) | 100,000 | 97,300 |
Baltimore Gas & Electric Co. | ||
2.40%, 08/15/26 (a) | 75,000 | 70,745 |
Berkshire Hathaway Energy Co. | ||
4.05%, 04/15/25 (a) | 250,000 | 246,585 |
3.25%, 04/15/28 (a) | 100,000 | 93,756 |
Black Hills Corp. | ||
3.15%, 01/15/27 (a) | 100,000 | 94,498 |
5.95%, 03/15/28 (a) | 75,000 | 77,167 |
CenterPoint Energy Houston Electric LLC | ||
5.20%, 10/01/28 (a) | 100,000 | 100,948 |
CenterPoint Energy, Inc. | ||
1.45%, 06/01/26 (a) | 150,000 | 138,119 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 150,000 | 144,337 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 100,000 | 95,251 |
3.45%, 08/15/27 (a) | 50,000 | 47,374 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 150,000 | 141,963 |
3.70%, 08/15/28 (a) | 150,000 | 143,049 |
Connecticut Light & Power Co. | ||
3.20%, 03/15/27 (a) | 100,000 | 95,114 |
Consolidated Edison Co. of New York, Inc. | ||
3.80%, 05/15/28 (a) | 100,000 | 95,668 |
4.00%, 12/01/28 (a) | 75,000 | 72,401 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 150,000 | 145,786 |
5.60%, 03/01/28 (a) | 125,000 | 126,716 |
Consumers Energy Co. | ||
4.65%, 03/01/28 (a) | 75,000 | 74,601 |
Dominion Energy, Inc. | ||
3.30%, 03/15/25 (a) | 100,000 | 97,753 |
3.90%, 10/01/25 (a) | 150,000 | 146,514 |
1.45%, 04/15/26 (a) | 100,000 | 92,372 |
4.25%, 06/01/28 (a) | 100,000 | 96,592 |
DTE Electric Co. | ||
1.90%, 04/01/28 (a) | 100,000 | 89,091 |
DTE Energy Co. | ||
1.05%, 06/01/25 (a) | 150,000 | 142,146 |
2.85%, 10/01/26 (a) | 125,000 | 117,828 |
4.88%, 06/01/28 (a) | 150,000 | 148,047 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 200,000 | 190,572 |
3.95%, 11/15/28 (a) | 100,000 | 96,299 |
Duke Energy Corp. | ||
0.90%, 09/15/25 (a)(b) | 150,000 | 140,393 |
2.65%, 09/01/26 (a) | 200,000 | 188,296 |
4.85%, 01/05/27 | 100,000 | 99,323 |
5.00%, 12/08/27 (a) | 150,000 | 149,301 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.30%, 03/15/28 (a) | 150,000 | 145,728 |
4.85%, 01/05/29 (a) | 125,000 | 123,010 |
3.25%, 01/15/82 (a)(c) | 100,000 | 84,902 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 200,000 | 191,016 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 75,000 | 70,890 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 100,000 | 97,570 |
Edison International | ||
4.95%, 04/15/25 (a) | 150,000 | 148,800 |
5.75%, 06/15/27 (a) | 150,000 | 151,492 |
4.13%, 03/15/28 (a) | 100,000 | 95,510 |
5.25%, 11/15/28 (a) | 100,000 | 99,525 |
Emera U.S. Finance LP | ||
3.55%, 06/15/26 (a) | 200,000 | 191,842 |
Enel Americas SA | ||
4.00%, 10/25/26 (a) | 150,000 | 144,330 |
Enel Chile SA | ||
4.88%, 06/12/28 (a) | 150,000 | 146,221 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 150,000 | 145,537 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 150,000 | 140,312 |
2.95%, 09/01/26 (a) | 200,000 | 189,882 |
1.90%, 06/15/28 (a) | 100,000 | 87,947 |
Entergy Louisiana LLC | ||
3.25%, 04/01/28 (a) | 100,000 | 93,774 |
Evergy Kansas Central, Inc. | ||
2.55%, 07/01/26 (a) | 150,000 | 141,680 |
Eversource Energy | ||
0.80%, 08/15/25 (a) | 100,000 | 93,406 |
2.90%, 03/01/27 (a) | 150,000 | 140,391 |
4.60%, 07/01/27 (a) | 100,000 | 97,917 |
3.30%, 01/15/28 (a) | 150,000 | 139,800 |
5.45%, 03/01/28 (a) | 225,000 | 226,368 |
5.95%, 02/01/29 (a) | 125,000 | 128,069 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 100,000 | 98,177 |
3.40%, 04/15/26 (a) | 200,000 | 192,630 |
2.75%, 03/15/27 (a) | 150,000 | 139,767 |
5.15%, 03/15/28 (a) | 100,000 | 99,818 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a)(b) | 250,000 | 243,785 |
3.13%, 12/01/25 (a) | 100,000 | 96,999 |
5.05%, 04/01/28 (a) | 150,000 | 151,141 |
4.40%, 05/15/28 (a) | 100,000 | 98,301 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 200,000 | 188,952 |
Georgia Power Co. | ||
3.25%, 03/30/27 (a) | 150,000 | 142,218 |
4.65%, 05/16/28 (a) | 100,000 | 98,595 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 100,000 | 95,563 |
Interstate Power & Light Co. | ||
4.10%, 09/26/28 (a) | 100,000 | 95,910 |
ITC Holdings Corp. | ||
3.35%, 11/15/27 (a) | 150,000 | 140,888 |
National Grid PLC | ||
5.60%, 06/12/28 (a) | 150,000 | 151,980 |
National Rural Utilities Cooperative Finance Corp. | ||
3.25%, 11/01/25 (a) | 200,000 | 193,936 |
1.00%, 06/15/26 (a) | 200,000 | 182,596 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 02/07/28 (a) | 125,000 | 118,225 |
4.80%, 03/15/28 (a) | 100,000 | 99,577 |
5.05%, 09/15/28 (a) | 75,000 | 75,161 |
4.85%, 02/07/29 (a) | 125,000 | 123,989 |
7.13%, 09/15/53 (a)(c) | 100,000 | 103,650 |
NextEra Energy Capital Holdings, Inc. | ||
6.05%, 03/01/25 | 250,000 | 251,055 |
4.45%, 06/20/25 | 100,000 | 98,708 |
5.75%, 09/01/25 | 350,000 | 351,925 |
1.88%, 01/15/27 (a) | 250,000 | 228,197 |
3.55%, 05/01/27 (a) | 250,000 | 237,940 |
4.63%, 07/15/27 (a) | 250,000 | 246,082 |
4.90%, 02/28/28 (a) | 200,000 | 198,498 |
1.90%, 06/15/28 (a) | 325,000 | 284,801 |
4.80%, 12/01/77 (a)(c) | 100,000 | 90,761 |
3.80%, 03/15/82 (a)(c) | 100,000 | 89,236 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 150,000 | 143,031 |
Oncor Electric Delivery Co. LLC | ||
2.95%, 04/01/25 (a) | 100,000 | 97,553 |
0.55%, 10/01/25 (a) | 100,000 | 93,054 |
3.70%, 11/15/28 (a) | 100,000 | 94,903 |
Pacific Gas & Electric Co. | ||
3.50%, 06/15/25 (a) | 150,000 | 145,689 |
3.45%, 07/01/25 | 200,000 | 194,264 |
3.15%, 01/01/26 | 300,000 | 286,986 |
2.95%, 03/01/26 (a) | 100,000 | 94,940 |
5.45%, 06/15/27 (a) | 100,000 | 99,892 |
2.10%, 08/01/27 (a) | 100,000 | 89,690 |
3.30%, 12/01/27 (a) | 150,000 | 138,698 |
3.00%, 06/15/28 (a) | 100,000 | 90,838 |
3.75%, 07/01/28 | 100,000 | 93,131 |
4.65%, 08/01/28 (a) | 100,000 | 95,720 |
6.10%, 01/15/29 (a) | 150,000 | 153,591 |
PacifiCorp | ||
5.10%, 02/15/29 (a) | 75,000 | 74,801 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 125,000 | 118,658 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 200,000 | 190,666 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 100,000 | 92,580 |
2.25%, 09/15/26 (a) | 200,000 | 187,032 |
3.70%, 05/01/28 (a) | 75,000 | 71,750 |
Public Service Enterprise Group, Inc. | ||
0.80%, 08/15/25 (a) | 250,000 | 234,182 |
5.88%, 10/15/28 (a) | 100,000 | 102,672 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 100,000 | 97,496 |
2.38%, 06/15/28 (a) | 100,000 | 88,867 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 150,000 | 142,359 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 75,000 | 71,133 |
Southern California Edison Co. | ||
3.70%, 08/01/25 (a) | 100,000 | 97,697 |
1.20%, 02/01/26 (a) | 100,000 | 92,804 |
4.70%, 06/01/27 (a) | 150,000 | 148,326 |
5.85%, 11/01/27 (a) | 150,000 | 153,778 |
5.30%, 03/01/28 (a) | 125,000 | 126,244 |
5.65%, 10/01/28 (a) | 100,000 | 102,459 |
Southern Co. | ||
3.25%, 07/01/26 (a) | 300,000 | 287,046 |
5.11%, 08/01/27 (g) | 100,000 | 99,819 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 01/15/51 (a)(c) | 250,000 | 240,512 |
3.75%, 09/15/51 (a)(c) | 200,000 | 187,830 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 100,000 | 98,402 |
0.90%, 01/15/26 (a) | 100,000 | 92,248 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 150,000 | 139,596 |
2.75%, 10/01/26 (a) | 100,000 | 93,915 |
4.10%, 09/15/28 (a) | 100,000 | 95,928 |
System Energy Resources, Inc. | ||
6.00%, 04/15/28 (a) | 100,000 | 101,089 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 100,000 | 97,630 |
Virginia Electric & Power Co. | ||
3.10%, 05/15/25 (a) | 100,000 | 97,420 |
3.15%, 01/15/26 (a) | 150,000 | 144,778 |
3.50%, 03/15/27 (a) | 100,000 | 95,765 |
3.75%, 05/15/27 (a) | 150,000 | 144,408 |
3.80%, 04/01/28 (a) | 100,000 | 95,885 |
WEC Energy Group, Inc. | ||
4.75%, 01/09/26 (a) | 150,000 | 148,567 |
5.60%, 09/12/26 (a) | 100,000 | 101,049 |
5.15%, 10/01/27 (a) | 150,000 | 149,941 |
1.38%, 10/15/27 (a) | 150,000 | 132,098 |
4.75%, 01/15/28 (a) | 100,000 | 98,840 |
2.20%, 12/15/28 (a) | 75,000 | 65,938 |
Xcel Energy, Inc. | ||
3.35%, 12/01/26 (a) | 150,000 | 142,083 |
1.75%, 03/15/27 (a) | 100,000 | 90,302 |
4.00%, 06/15/28 (a) | 100,000 | 95,737 |
21,123,407 | ||
Natural Gas 0.2% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 75,000 | 70,612 |
CenterPoint Energy Resources Corp. | ||
5.25%, 03/01/28 (a) | 200,000 | 201,518 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 200,000 | 187,794 |
3.49%, 05/15/27 (a) | 225,000 | 213,982 |
5.25%, 03/30/28 (a) | 150,000 | 150,786 |
Sempra | ||
3.30%, 04/01/25 (a) | 100,000 | 97,682 |
3.25%, 06/15/27 (a) | 200,000 | 188,240 |
3.40%, 02/01/28 (a) | 150,000 | 141,215 |
4.13%, 04/01/52 (a)(c) | 200,000 | 183,820 |
Southern California Gas Co. | ||
2.60%, 06/15/26 (a) | 150,000 | 142,231 |
2.95%, 04/15/27 (a) | 100,000 | 94,106 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 95,670 |
Southwest Gas Corp. | ||
5.45%, 03/23/28 (a) | 100,000 | 100,991 |
3.70%, 04/01/28 (a) | 50,000 | 47,285 |
1,915,932 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Utility Other 0.0% | ||
American Water Capital Corp. | ||
2.95%, 09/01/27 (a) | 100,000 | 93,336 |
3.75%, 09/01/28 (a) | 100,000 | 94,920 |
188,256 | ||
23,227,595 | ||
Total Corporates (Cost $402,420,033) | 389,120,460 | |
TREASURIES 65.1% OF NET ASSETS | ||
U.S. Treasury Bonds | ||
6.88%, 08/15/25 | 1,000,000 | 1,031,660 |
6.00%, 02/15/26 | 1,500,000 | 1,539,697 |
6.75%, 08/15/26 | 1,000,000 | 1,051,484 |
6.50%, 11/15/26 | 1,000,000 | 1,051,953 |
6.63%, 02/15/27 | 700,000 | 743,777 |
6.38%, 08/15/27 | 1,000,000 | 1,063,516 |
6.13%, 11/15/27 | 1,600,000 | 1,696,938 |
5.50%, 08/15/28 | 1,000,000 | 1,049,844 |
5.25%, 11/15/28 | 1,300,000 | 1,353,320 |
5.25%, 02/15/29 | 700,000 | 730,789 |
U.S. Treasury Notes | ||
0.50%, 03/31/25 | 7,000,000 | 6,671,328 |
3.88%, 03/31/25 | 3,500,000 | 3,458,438 |
2.63%, 04/15/25 | 6,900,000 | 6,724,131 |
0.38%, 04/30/25 | 5,900,000 | 5,598,086 |
2.88%, 04/30/25 | 4,200,000 | 4,102,055 |
3.88%, 04/30/25 | 7,000,000 | 6,915,508 |
2.13%, 05/15/25 | 7,600,000 | 7,353,742 |
2.75%, 05/15/25 | 6,000,000 | 5,848,359 |
0.25%, 05/31/25 | 7,050,000 | 6,655,365 |
2.88%, 05/31/25 | 3,400,000 | 3,317,258 |
4.25%, 05/31/25 | 6,000,000 | 5,951,250 |
2.88%, 06/15/25 | 7,150,000 | 6,970,831 |
0.25%, 06/30/25 | 6,500,000 | 6,117,617 |
2.75%, 06/30/25 | 2,900,000 | 2,822,516 |
4.63%, 06/30/25 | 7,000,000 | 6,978,398 |
3.00%, 07/15/25 | 7,200,000 | 7,024,781 |
0.25%, 07/31/25 | 7,500,000 | 7,034,180 |
2.88%, 07/31/25 | 3,605,000 | 3,509,101 |
4.75%, 07/31/25 | 7,300,000 | 7,291,445 |
2.00%, 08/15/25 | 9,000,000 | 8,646,680 |
3.13%, 08/15/25 | 5,500,000 | 5,370,234 |
0.25%, 08/31/25 | 7,800,000 | 7,291,781 |
2.75%, 08/31/25 | 3,750,000 | 3,638,892 |
5.00%, 08/31/25 | 7,000,000 | 7,019,141 |
3.50%, 09/15/25 | 7,200,000 | 7,062,469 |
0.25%, 09/30/25 | 8,300,000 | 7,733,428 |
3.00%, 09/30/25 | 3,900,000 | 3,795,416 |
5.00%, 09/30/25 | 7,500,000 | 7,524,609 |
4.25%, 10/15/25 | 6,900,000 | 6,845,150 |
0.25%, 10/31/25 | 8,300,000 | 7,708,949 |
3.00%, 10/31/25 | 3,600,000 | 3,500,227 |
5.00%, 10/31/25 | 8,500,000 | 8,533,701 |
2.25%, 11/15/25 | 9,500,000 | 9,117,959 |
4.50%, 11/15/25 | 6,550,000 | 6,525,437 |
0.38%, 11/30/25 | 7,800,000 | 7,237,547 |
2.88%, 11/30/25 | 3,800,000 | 3,684,145 |
4.88%, 11/30/25 | 9,000,000 | 9,022,852 |
4.00%, 12/15/25 | 6,400,000 | 6,322,750 |
0.38%, 12/31/25 | 9,050,000 | 8,373,548 |
2.63%, 12/31/25 | 3,500,000 | 3,375,381 |
4.25%, 12/31/25 | 10,010,000 | 9,932,970 |
3.88%, 01/15/26 | 6,800,000 | 6,704,109 |
0.38%, 01/31/26 | 9,700,000 | 8,945,598 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.63%, 01/31/26 | 4,473,000 | 4,309,107 |
4.25%, 01/31/26 | 11,200,000 | 11,117,313 |
1.63%, 02/15/26 | 7,200,000 | 6,798,938 |
4.00%, 02/15/26 | 6,900,000 | 6,818,871 |
0.50%, 02/28/26 | 9,800,000 | 9,036,289 |
2.50%, 02/28/26 | 3,100,000 | 2,976,121 |
4.63%, 02/28/26 | 10,000,000 | 9,999,414 |
4.63%, 03/15/26 | 5,700,000 | 5,700,668 |
0.75%, 03/31/26 | 8,550,000 | 7,906,746 |
2.25%, 03/31/26 | 3,700,000 | 3,529,887 |
3.75%, 04/15/26 | 5,300,000 | 5,210,977 |
0.75%, 04/30/26 | 8,700,000 | 8,020,652 |
2.38%, 04/30/26 | 2,200,000 | 2,101,258 |
1.63%, 05/15/26 | 8,500,000 | 7,979,707 |
3.63%, 05/15/26 | 5,400,000 | 5,294,531 |
0.75%, 05/31/26 | 8,100,000 | 7,447,887 |
2.13%, 05/31/26 | 2,700,000 | 2,561,309 |
4.13%, 06/15/26 | 4,900,000 | 4,855,020 |
0.88%, 06/30/26 | 6,200,000 | 5,705,937 |
1.88%, 06/30/26 | 2,350,000 | 2,214,691 |
4.50%, 07/15/26 | 3,500,000 | 3,497,676 |
0.63%, 07/31/26 | 7,500,000 | 6,839,355 |
1.88%, 07/31/26 | 3,050,000 | 2,867,715 |
1.50%, 08/15/26 | 8,900,000 | 8,282,562 |
4.38%, 08/15/26 | 5,900,000 | 5,881,332 |
0.75%, 08/31/26 | 8,500,000 | 7,755,254 |
1.38%, 08/31/26 | 2,500,000 | 2,317,188 |
4.63%, 09/15/26 | 5,200,000 | 5,215,438 |
0.88%, 09/30/26 | 8,500,000 | 7,764,551 |
1.63%, 09/30/26 | 1,100,000 | 1,024,719 |
4.63%, 10/15/26 | 5,050,000 | 5,067,359 |
1.13%, 10/31/26 | 6,000,000 | 5,500,547 |
1.63%, 10/31/26 | 2,700,000 | 2,508,785 |
2.00%, 11/15/26 | 7,200,000 | 6,752,250 |
4.63%, 11/15/26 | 5,500,000 | 5,521,055 |
1.25%, 11/30/26 | 8,300,000 | 7,619,141 |
1.63%, 11/30/26 | 2,600,000 | 2,412,313 |
4.38%, 12/15/26 | 4,850,000 | 4,840,717 |
1.25%, 12/31/26 | 7,700,000 | 7,056,629 |
1.75%, 12/31/26 | 2,100,000 | 1,951,770 |
4.00%, 01/15/27 | 5,600,000 | 5,534,594 |
1.50%, 01/31/27 | 11,600,000 | 10,680,610 |
2.25%, 02/15/27 | 6,600,000 | 6,206,836 |
4.13%, 02/15/27 | 10,000,000 | 9,917,578 |
1.13%, 02/28/27 | 2,900,000 | 2,635,375 |
1.88%, 02/28/27 | 7,200,000 | 6,690,656 |
0.63%, 03/31/27 | 3,300,000 | 2,945,379 |
2.50%, 03/31/27 | 7,000,000 | 6,620,469 |
0.50%, 04/30/27 | 5,400,000 | 4,784,484 |
2.75%, 04/30/27 | 7,000,000 | 6,661,484 |
2.38%, 05/15/27 | 8,500,000 | 7,992,324 |
0.50%, 05/31/27 | 5,000,000 | 4,416,992 |
2.63%, 05/31/27 | 7,500,000 | 7,101,562 |
0.50%, 06/30/27 | 6,000,000 | 5,285,625 |
3.25%, 06/30/27 | 7,200,000 | 6,950,531 |
0.38%, 07/31/27 | 6,500,000 | 5,682,930 |
2.75%, 07/31/27 | 8,000,000 | 7,589,688 |
2.25%, 08/15/27 | 4,800,000 | 4,476,187 |
0.50%, 08/31/27 | 6,500,000 | 5,692,832 |
3.13%, 08/31/27 | 7,300,000 | 7,006,574 |
0.38%, 09/30/27 | 8,200,000 | 7,127,914 |
4.13%, 09/30/27 | 6,600,000 | 6,547,664 |
0.50%, 10/31/27 | 8,200,000 | 7,140,086 |
4.13%, 10/31/27 | 7,000,000 | 6,943,945 |
2.25%, 11/15/27 | 7,000,000 | 6,501,250 |
0.63%, 11/30/27 | 8,400,000 | 7,329,984 |
3.88%, 11/30/27 | 7,600,000 | 7,475,312 |
0.63%, 12/31/27 | 9,100,000 | 7,917,711 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.88%, 12/31/27 | 6,850,000 | 6,736,814 |
0.75%, 01/31/28 | 10,000,000 | 8,722,266 |
3.50%, 01/31/28 | 7,200,000 | 6,984,844 |
2.75%, 02/15/28 | 10,000,000 | 9,429,297 |
1.13%, 02/29/28 | 9,900,000 | 8,747,965 |
4.00%, 02/29/28 | 7,250,000 | 7,161,641 |
1.25%, 03/31/28 | 8,850,000 | 7,843,658 |
3.63%, 03/31/28 | 7,350,000 | 7,158,785 |
1.25%, 04/30/28 | 10,000,000 | 8,841,797 |
3.50%, 04/30/28 | 7,300,000 | 7,075,012 |
2.88%, 05/15/28 | 10,500,000 | 9,923,320 |
1.25%, 05/31/28 | 9,800,000 | 8,646,203 |
3.63%, 05/31/28 | 6,800,000 | 6,620,703 |
1.25%, 06/30/28 | 8,600,000 | 7,571,359 |
4.00%, 06/30/28 | 7,200,000 | 7,114,219 |
1.00%, 07/31/28 | 9,225,000 | 8,013,498 |
4.13%, 07/31/28 | 7,300,000 | 7,249,812 |
2.88%, 08/15/28 | 9,350,000 | 8,813,836 |
1.13%, 08/31/28 | 9,050,000 | 7,887,287 |
4.38%, 08/31/28 | 6,200,000 | 6,220,828 |
1.25%, 09/30/28 | 9,600,000 | 8,396,625 |
4.63%, 09/30/28 | 7,200,000 | 7,298,156 |
1.38%, 10/31/28 | 9,300,000 | 8,167,289 |
4.88%, 10/31/28 | 8,200,000 | 8,401,477 |
3.13%, 11/15/28 | 9,500,000 | 9,034,648 |
1.50%, 11/30/28 | 9,450,000 | 8,332,981 |
4.38%, 11/30/28 | 8,800,000 | 8,838,844 |
1.38%, 12/31/28 | 9,300,000 | 8,133,504 |
3.75%, 12/31/28 | 8,800,000 | 8,601,313 |
1.75%, 01/31/29 | 8,000,000 | 7,113,125 |
4.00%, 01/31/29 | 9,800,000 | 9,687,836 |
2.63%, 02/15/29 | 10,000,000 | 9,266,797 |
1.88%, 02/28/29 | 8,000,000 | 7,145,312 |
4.25%, 02/28/29 | 10,000,000 | 10,001,562 |
Total Treasuries (Cost $967,522,091) | 962,871,208 | |
GOVERNMENT RELATED 7.4% OF NET ASSETS | ||
Agency 3.5% | ||
Foreign 1.5% | ||
Austria 0.1% | ||
Oesterreichische Kontrollbank AG | ||
0.38%, 09/17/25 | 500,000 | 466,780 |
4.63%, 11/03/25 | 250,000 | 248,925 |
0.50%, 02/02/26 | 500,000 | 461,400 |
4.25%, 03/01/28 | 250,000 | 247,878 |
1,424,983 | ||
Canada 0.1% | ||
Export Development Canada | ||
3.00%, 05/25/27 | 650,000 | 620,861 |
3.88%, 02/14/28 | 1,000,000 | 979,200 |
1,600,061 | ||
Germany 0.6% | ||
Kreditanstalt fuer Wiederaufbau | ||
0.38%, 07/18/25(h) | 1,500,000 | 1,410,045 |
0.63%, 01/22/26(h) | 1,600,000 | 1,483,136 |
3.63%, 04/01/26(h) | 500,000 | 489,730 |
1.00%, 10/01/26(h) | 1,000,000 | 915,190 |
3.00%, 05/20/27(h) | 1,150,000 | 1,098,963 |
3.75%, 02/15/28(h) | 500,000 | 487,470 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.88%, 04/03/28(h) | 250,000 | 235,530 |
3.88%, 06/15/28(h) | 1,000,000 | 978,510 |
Landwirtschaftliche Rentenbank | ||
0.50%, 05/27/25(h) | 500,000 | 473,095 |
2.38%, 06/10/25(h) | 450,000 | 435,478 |
0.88%, 03/30/26(h) | 500,000 | 462,710 |
1.75%, 07/27/26(h) | 400,000 | 374,136 |
2.50%, 11/15/27(h) | 200,000 | 186,644 |
9,030,637 | ||
Japan 0.3% | ||
Japan Bank for International Cooperation | ||
2.50%, 05/28/25 | 1,000,000 | 967,620 |
0.63%, 07/15/25 | 250,000 | 235,135 |
2.75%, 01/21/26 | 250,000 | 240,140 |
4.25%, 01/26/26 | 250,000 | 246,802 |
2.38%, 04/20/26 | 500,000 | 474,570 |
4.25%, 04/27/26 | 200,000 | 197,310 |
1.88%, 07/21/26 | 350,000 | 326,725 |
2.25%, 11/04/26 | 500,000 | 468,365 |
2.88%, 06/01/27 | 400,000 | 377,848 |
2.88%, 07/21/27 | 250,000 | 235,743 |
2.75%, 11/16/27 | 250,000 | 233,350 |
4.63%, 07/19/28 | 250,000 | 249,520 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 186,582 |
2.75%, 04/27/27 | 200,000 | 187,900 |
4.00%, 05/23/28 | 250,000 | 242,600 |
4,870,210 | ||
Norway 0.1% | ||
Equinor ASA | ||
1.75%, 01/22/26(a) | 250,000 | 235,440 |
3.00%, 04/06/27(a) | 600,000 | 567,894 |
803,334 | ||
Republic of Korea 0.2% | ||
Export-Import Bank of Korea | ||
0.75%, 09/21/25 | 500,000 | 467,855 |
3.25%, 11/10/25 | 500,000 | 485,115 |
0.63%, 02/09/26 | 200,000 | 184,104 |
2.63%, 05/26/26 | 400,000 | 380,024 |
1.13%, 12/29/26 | 200,000 | 180,238 |
1.63%, 01/18/27 | 250,000 | 228,345 |
2.38%, 04/21/27 | 200,000 | 185,556 |
4.50%, 01/11/29(b) | 200,000 | 197,992 |
Korea Development Bank | ||
2.00%, 02/24/25 | 250,000 | 242,463 |
3.38%, 09/16/25 | 250,000 | 243,392 |
0.80%, 07/19/26 | 450,000 | 407,758 |
1.38%, 04/25/27 | 600,000 | 539,094 |
3,741,936 | ||
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
0.63%, 05/14/25 | 225,000 | 213,318 |
0.50%, 08/26/25 | 350,000 | 327,474 |
4.38%, 02/13/26 | 500,000 | 495,490 |
2.25%, 03/22/27 | 500,000 | 466,080 |
4.13%, 06/14/28 | 200,000 | 196,632 |
1,698,994 | ||
23,170,155 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
U.S. 2.0% | ||
Federal Farm Credit Banks Funding Corp. | ||
2.51%, 04/01/25 | 1,000,000 | 973,230 |
4.88%, 11/13/25 | 500,000 | 500,775 |
4.38%, 06/23/26 | 600,000 | 596,694 |
4.50%, 08/14/26 | 500,000 | 499,765 |
Federal Home Loan Banks | ||
0.50%, 04/14/25 | 3,000,000 | 2,856,300 |
0.50%, 06/13/25 | 500,000 | 472,685 |
0.38%, 09/04/25 | 2,000,000 | 1,872,760 |
4.63%, 11/17/26 | 1,000,000 | 1,004,500 |
1.25%, 12/21/26 | 3,000,000 | 2,749,260 |
4.00%, 06/30/28 | 1,000,000 | 989,880 |
3.25%, 11/16/28 | 1,000,000 | 957,750 |
Federal Home Loan Mortgage Corp. | ||
1.50%, 02/12/25 | 1,700,000 | 1,643,339 |
0.38%, 07/21/25 | 1,000,000 | 941,130 |
0.38%, 09/23/25 | 2,000,000 | 1,868,900 |
Federal National Mortgage Association | ||
0.63%, 04/22/25 | 2,500,000 | 2,381,425 |
0.50%, 06/17/25 | 1,500,000 | 1,419,585 |
0.38%, 08/25/25 | 2,000,000 | 1,874,360 |
0.50%, 11/07/25 | 3,000,000 | 2,797,140 |
1.88%, 09/24/26 | 1,000,000 | 937,300 |
0.75%, 10/08/27 | 2,000,000 | 1,759,300 |
29,096,078 | ||
52,266,233 | ||
Local Authority 0.5% | ||
Foreign 0.4% | ||
Canada 0.4% | ||
Province of Alberta | ||
1.00%, 05/20/25 | 500,000 | 476,135 |
Province of British Columbia | ||
2.25%, 06/02/26 | 300,000 | 284,328 |
0.90%, 07/20/26 | 450,000 | 411,795 |
4.80%, 11/15/28 | 300,000 | 303,567 |
Province of Manitoba | ||
2.13%, 06/22/26 | 100,000 | 94,328 |
Province of Ontario | ||
0.63%, 01/21/26 | 650,000 | 601,328 |
1.05%, 04/14/26 | 500,000 | 462,990 |
2.50%, 04/27/26 | 250,000 | 238,570 |
2.30%, 06/15/26 | 300,000 | 284,259 |
3.10%, 05/19/27 | 400,000 | 382,076 |
1.05%, 05/21/27 | 350,000 | 312,826 |
4.20%, 01/18/29 | 250,000 | 246,398 |
Province of Quebec | ||
1.50%, 02/11/25 | 450,000 | 434,758 |
0.60%, 07/23/25 | 550,000 | 517,891 |
2.50%, 04/20/26 | 500,000 | 477,365 |
3.63%, 04/13/28 | 500,000 | 482,340 |
Province of Saskatchewan | ||
3.25%, 06/08/27 | 225,000 | 215,494 |
6,226,448 | ||
U.S. 0.1% | ||
California | ||
1.70%, 02/01/28 | 125,000 | 112,023 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Los Angeles Community College District/CA | ||
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 50,000 | 44,728 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Board | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 95,000 | 92,557 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 200,000 | 202,184 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 150,000 | 152,519 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 150,000 | 151,670 |
State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 350,000 | 332,549 |
Series A | ||
1.71%, 07/01/27 | 100,000 | 90,074 |
State of California | ||
2.38%, 10/01/26 | 40,000 | 37,753 |
State Public School Building Auth | ||
5.00%, 09/15/27 | 20,000 | 20,002 |
University of California | ||
0.88%, 05/15/25(a) | 250,000 | 238,005 |
RB Series 2020BG | ||
1.32%, 05/15/27(a) | 150,000 | 134,965 |
Wisconsin | ||
3.15%, 05/01/27 | 100,000 | 95,932 |
1,704,961 | ||
7,931,409 | ||
Sovereign 0.6% | ||
Canada 0.1% | ||
Canada Government International Bonds | ||
2.88%, 04/28/25 | 500,000 | 488,070 |
0.75%, 05/19/26 | 675,000 | 620,608 |
3.75%, 04/26/28 | 700,000 | 682,563 |
1,791,241 | ||
Chile 0.1% | ||
Chile Government International Bonds | ||
3.13%, 01/21/26 | 250,000 | 241,683 |
2.75%, 01/31/27(a) | 400,000 | 374,980 |
4.85%, 01/22/29(a) | 200,000 | 198,536 |
815,199 | ||
Indonesia 0.1% | ||
Indonesia Government International Bonds | ||
4.15%, 09/20/27(a) | 200,000 | 194,596 |
3.50%, 01/11/28 | 200,000 | 189,902 |
4.55%, 01/11/28(a) | 200,000 | 197,018 |
4.10%, 04/24/28 | 200,000 | 193,530 |
775,046 | ||
Italy 0.0% | ||
Republic of Italy Government International Bonds | ||
1.25%, 02/17/26 | 550,000 | 508,354 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mexico 0.1% | ||
Mexico Government International Bonds | ||
4.13%, 01/21/26 | 500,000 | 491,310 |
4.15%, 03/28/27 | 500,000 | 488,395 |
3.75%, 01/11/28 | 600,000 | 569,262 |
1,548,967 | ||
Panama 0.0% | ||
Panama Government International Bonds | ||
7.13%, 01/29/26 | 350,000 | 356,016 |
8.88%, 09/30/27 | 250,000 | 270,003 |
626,019 | ||
Peru 0.0% | ||
Peru Government International Bonds | ||
2.39%, 01/23/26 (a) | 300,000 | 284,499 |
Philippines 0.1% | ||
Philippines Government International Bonds | ||
10.63%, 03/16/25 | 400,000 | 422,936 |
5.50%, 03/30/26 | 300,000 | 303,948 |
3.23%, 03/29/27 | 300,000 | 285,213 |
1,012,097 | ||
Poland 0.1% | ||
Republic of Poland Government International Bonds | ||
3.25%, 04/06/26 | 700,000 | 681,681 |
Uruguay 0.0% | ||
Uruguay Government International Bonds | ||
4.38%, 10/27/27 | 300,000 | 297,036 |
8,340,139 | ||
Supranational* 2.8% | ||
African Development Bank | ||
0.88%, 03/23/26 | 500,000 | 462,910 |
0.88%, 07/22/26 | 600,000 | 549,474 |
4.63%, 01/04/27 | 300,000 | 300,615 |
4.38%, 11/03/27 | 500,000 | 498,315 |
4.38%, 03/14/28 | 400,000 | 398,904 |
Arab Petroleum Investments Corp. | ||
1.48%, 10/06/26 (b)(d) | 500,000 | 456,685 |
Asian Development Bank | ||
0.63%, 04/29/25 | 900,000 | 855,945 |
0.38%, 09/03/25 | 500,000 | 467,725 |
0.50%, 02/04/26 | 1,000,000 | 923,220 |
1.00%, 04/14/26 | 1,250,000 | 1,158,462 |
2.00%, 04/24/26 | 500,000 | 472,995 |
1.75%, 08/14/26 | 250,000 | 233,795 |
1.50%, 01/20/27 | 750,000 | 689,535 |
3.13%, 08/20/27 | 1,000,000 | 957,020 |
2.75%, 01/19/28 | 500,000 | 469,900 |
3.75%, 04/25/28 | 1,500,000 | 1,461,555 |
4.50%, 08/25/28 | 500,000 | 502,345 |
Asian Infrastructure Investment Bank | ||
0.50%, 05/28/25 | 500,000 | 472,820 |
0.50%, 01/27/26 | 850,000 | 784,618 |
3.75%, 09/14/27 | 500,000 | 487,155 |
4.00%, 01/18/28 | 350,000 | 343,525 |
4.13%, 01/18/29 | 450,000 | 444,501 |
Corp. Andina de Fomento | ||
1.63%, 09/23/25 | 200,000 | 188,794 |
2.25%, 02/08/27 | 100,000 | 92,016 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.00%, 04/26/27 | 500,000 | 511,195 |
5.00%, 01/24/29 | 200,000 | 199,204 |
Council of Europe Development Bank | ||
1.38%, 02/27/25 | 150,000 | 144,608 |
0.88%, 09/22/26 | 250,000 | 227,770 |
4.13%, 01/24/29 | 200,000 | 197,790 |
Council Of Europe Development Bank | ||
3.63%, 01/26/28 | 200,000 | 194,160 |
European Bank for Reconstruction & Development | ||
0.50%, 05/19/25 | 100,000 | 94,726 |
0.50%, 11/25/25 | 300,000 | 278,751 |
0.50%, 01/28/26 | 600,000 | 554,298 |
4.38%, 03/09/28 | 500,000 | 498,745 |
European Investment Bank | ||
1.63%, 03/14/25 | 800,000 | 772,680 |
0.63%, 07/25/25 | 750,000 | 707,280 |
0.38%, 12/15/25 | 750,000 | 694,328 |
0.38%, 03/26/26 | 1,250,000 | 1,146,075 |
1.38%, 03/15/27 | 750,000 | 684,705 |
2.38%, 05/24/27 | 500,000 | 469,210 |
3.25%, 11/15/27 | 650,000 | 623,851 |
3.88%, 03/15/28 | 750,000 | 735,292 |
4.50%, 10/16/28 | 750,000 | 754,245 |
Inter-American Development Bank | ||
1.75%, 03/14/25 | 400,000 | 386,596 |
0.88%, 04/03/25 | 150,000 | 143,403 |
0.63%, 07/15/25 | 700,000 | 660,338 |
0.88%, 04/20/26 | 1,150,000 | 1,062,738 |
4.50%, 05/15/26 | 500,000 | 498,535 |
2.00%, 06/02/26 | 750,000 | 707,857 |
2.00%, 07/23/26 | 400,000 | 376,552 |
1.50%, 01/13/27 | 850,000 | 782,000 |
2.38%, 07/07/27 | 600,000 | 561,138 |
1.13%, 07/20/28 | 200,000 | 174,164 |
3.13%, 09/18/28 | 200,000 | 189,570 |
Inter-American Investment Corp. | ||
2.63%, 04/22/25 | 250,000 | 243,050 |
4.75%, 09/19/28 | 200,000 | 201,644 |
International Bank for Reconstruction & Development | ||
2.13%, 03/03/25 | 100,000 | 97,145 |
0.75%, 03/11/25 | 500,000 | 478,630 |
0.63%, 04/22/25 | 1,000,000 | 951,910 |
0.38%, 07/28/25 | 800,000 | 751,264 |
2.50%, 07/29/25 | 700,000 | 677,285 |
0.50%, 10/28/25 | 1,100,000 | 1,025,266 |
0.88%, 07/15/26 | 500,000 | 458,800 |
1.88%, 10/27/26 | 500,000 | 467,015 |
3.13%, 06/15/27 | 600,000 | 575,760 |
2.50%, 11/22/27 | 500,000 | 466,995 |
0.75%, 11/24/27 | 1,000,000 | 874,150 |
1.38%, 04/20/28 | 750,000 | 664,133 |
3.50%, 07/12/28 | 500,000 | 482,430 |
4.63%, 08/01/28 | 750,000 | 757,312 |
1.13%, 09/13/28 | 750,000 | 650,423 |
International Finance Corp. | ||
0.38%, 07/16/25 | 450,000 | 423,144 |
2.13%, 04/07/26 | 250,000 | 237,510 |
0.75%, 10/08/26 | 600,000 | 544,884 |
4.50%, 07/13/28 | 400,000 | 401,828 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Nordic Investment Bank | ||
2.63%, 04/04/25 | 300,000 | 292,248 |
0.38%, 09/11/25 | 400,000 | 374,004 |
0.50%, 01/21/26 | 250,000 | 231,155 |
4.38%, 03/14/28 | 250,000 | 249,360 |
41,281,978 | ||
Total Government Related (Cost $114,794,148) | 109,819,759 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.7% OF NET ASSETS | ||
Money Market Funds 0.7% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (i) | 7,826,382 | 7,826,382 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.28% (i)(j) | 1,689,273 | 1,689,273 |
9,515,655 | ||
Total Short-Term Investments (Cost $9,515,655) | 9,515,655 | |
Total Investments in Securities (Cost $1,494,251,927) | 1,471,327,082 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | All or a portion of this security is on loan. Securities on loan were valued at $1,639,634. |
(c) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $2,493,654 or 0.2% of net assets. |
(e) | Issuer is affiliated with the fund’s investment adviser. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(h) | Guaranteed by the Republic of Germany. |
(i) | The rate shown is the annualized 7-day yield. |
(j) | Security purchased with cash collateral received for securities on loan. |
GO — | General obligation |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 8/31/23 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 2/29/24 | FACE AMOUNT AT 2/29/24 | INTEREST INCOME EARNED |
CORPORATES 0.1% OF NET ASSETS | |||||||||
Financial Institutions 0.1% | |||||||||
Brokerage/Asset Managers/Exchanges 0.1% | |||||||||
Charles Schwab Corp. | |||||||||
3.00%, 03/10/25 | $47,987 | $— | $— | $— | $1,441 | ($586 ) | $48,842 | $50,000 | $750 |
4.20%, 03/24/25 | 48,886 | — | — | — | 911 | (341 ) | 49,456 | 50,000 | 1,050 |
3.63%, 04/01/25 | 48,471 | — | — | — | 1,233 | (643 ) | 49,061 | 50,000 | 906 |
3.85%, 05/21/25 | 96,957 | — | — | — | 2,637 | (1,445 ) | 98,149 | 100,000 | 1,925 |
3.45%, 02/13/26 | 47,566 | — | — | — | 1,427 | (586 ) | 48,407 | 50,000 | 863 |
0.90%, 03/11/26 | 178,562 | — | (23,020 ) | (1,878 ) | 6,693 | 188 | 160,545 | 175,000 | 882 |
1.15%, 05/13/26 | 133,605 | — | — | — | 4,093 | (27 ) | 137,671 | 150,000 | 863 |
5.88%, 08/24/26 | — | 125,330 | — | — | 1,714 | (50 ) | 126,994 | 125,000 | 3,468 |
3.20%, 03/02/27 | 92,658 | — | (47,836 ) | (1,478 ) | 3,944 | 181 | 47,469 | 50,000 | 1,404 |
2.45%, 03/03/27 | 180,180 | — | — | — | 4,094 | 1,164 | 185,438 | 200,000 | 2,450 |
3.30%, 04/01/27 | 93,243 | — | — | — | 1,696 | 86 | 95,025 | 100,000 | 1,650 |
3.20%, 01/25/28 | 91,212 | — | — | — | 1,669 | 775 | 93,656 | 100,000 | 1,600 |
2.00%, 03/20/28 | 129,342 | — | — | — | 1,790 | 1,909 | 133,041 | 150,000 | 1,500 |
5.64%, 05/19/29 | 149,793 | — | — | — | 2,175 | 13 | 151,981 | 150,000 | 4,232 |
6.20%, 11/17/29 | — | 178,885 | — | — | 2,051 | (159 ) | 180,777 | 175,000 | 2,500 |
Total | $1,338,462 | $304,215 | ($70,856 ) | ($3,356 ) | $37,568 | $479 | $1,606,512 | $26,043 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $389,120,460 | $— | $389,120,460 |
Treasuries1 | — | 962,871,208 | — | 962,871,208 |
Government Related1 | — | 109,819,759 | — | 109,819,759 |
Short-Term Investments1 | 9,515,655 | — | — | 9,515,655 |
Total | $9,515,655 | $1,461,811,427 | $— | $1,471,327,082 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,653,118) | $1,606,512 | |
Investments in securities, at value - unaffiliated (cost $1,492,598,809) including securities on loan of $1,639,634 | 1,469,720,570 | |
Receivables: | ||
Investments sold | 58,511,332 | |
Interest | 9,660,393 | |
Fund shares sold | 9,345,926 | |
Dividends | 24,268 | |
Income from securities on loan | + | 3,751 |
Total assets | 1,548,872,752 | |
Liabilities | ||
Collateral held for securities on loan | 1,689,273 | |
Payables: | ||
Investments bought | 65,506,553 | |
Distributions to shareholders | 1,874,219 | |
Fund shares redeemed | 1,123,616 | |
Investment adviser fees | + | 70,449 |
Total liabilities | 70,264,110 | |
Net assets | $1,478,608,642 | |
Net Assets by Source | ||
Capital received from investors | $1,628,784,174 | |
Total distributable loss | + | (150,175,532 ) |
Net assets | $1,478,608,642 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,478,608,642 | 156,113,765 | $9.47 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated (net of foreign withholding tax of $125) | $27,591,958 | |
Dividends received from securities - unaffiliated | 141,300 | |
Interest received from securities - affiliated | 26,522 | |
Securities on loan, net | + | 18,263 |
Total investment income | 27,778,043 | |
Expenses | ||
Investment adviser fees | 443,040 | |
Total expenses | – | 443,040 |
Net investment income | 27,335,003 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (3,356 ) | |
Net realized losses on sales of securities - unaffiliated | + | (13,805,330 ) |
Net realized losses | (13,808,686 ) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | 37,568 | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 25,099,310 |
Net change in unrealized appreciation (depreciation) | + | 25,136,878 |
Net realized and unrealized gains | 11,328,192 | |
Increase in net assets resulting from operations | $38,663,195 |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $27,335,003 | $42,192,960 | |
Net realized losses | (13,808,686 ) | (84,036,689 ) | |
Net change in unrealized appreciation (depreciation) | + | 25,136,878 | 55,996,700 |
Increase in net assets resulting from operations | $38,663,195 | $14,152,971 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($27,334,942 ) | ($42,183,526 ) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 28,453,676 | $268,496,873 | 58,399,769 | $551,093,790 | |
Shares reinvested | 1,698,382 | 16,044,926 | 2,583,041 | 24,375,593 | |
Shares redeemed | + | (34,133,901 ) | (322,083,211 ) | (97,908,751 ) | (923,607,341 ) |
Net transactions in fund shares | (3,981,843 ) | ($37,541,412 ) | (36,925,941 ) | ($348,137,958 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 160,095,608 | $1,504,821,801 | 197,021,549 | $1,880,990,314 | |
Total decrease | + | (3,981,843 ) | (26,213,159 ) | (36,925,941 ) | (376,168,513 ) |
End of period | 156,113,765 | $1,478,608,642 | 160,095,608 | $1,504,821,801 |
SCHWAB INVESTMENTS | |
Schwab Treasury Inflation Protected Securities Index Fund | Schwab California Tax-Free Bond Fund |
Schwab U.S. Aggregate Bond Index Fund | Schwab Opportunistic Municipal Bond Fund |
Schwab Short-Term Bond Index Fund | Schwab 1000 Index® Fund |
Schwab Tax-Free Bond Fund | Schwab Global Real Estate Fund |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
SCHWAB TREASURY INFLATION PROTECTED SECURITIES INDEX FUND | SCHWAB U.S. AGGREGATE BOND INDEX FUND | SCHWAB SHORT-TERM BOND INDEX FUND |
0.05 % | 0.04 % | 0.06 % |
UNDERLYING FUNDS | |||
SCHWAB TREASURY INFLATION PROTECTED SECURITIES INDEX FUND | SCHWAB U.S. AGGREGATE BOND INDEX FUND | SCHWAB SHORT-TERM BOND INDEX FUND | |
Schwab Balanced Fund | — % | 5.2 % | — % |
Schwab MarketTrack Balanced Portfolio | — % | 4.4 % | 0.4 % |
Schwab MarketTrack Conservative Portfolio | — % | 2.4 % | 0.1 % |
Schwab MarketTrack Growth Portfolio | — % | 3.2 % | — % |
Schwab Monthly Income Fund - Flexible Payout | — % | 0.2 % | — % |
Schwab Monthly Income Fund - Income Payout | — % | 0.4 % | — % |
Schwab Monthly Income Fund - Target Payout | — % | 0.1 % | — % |
Schwab Target 2010 Fund | 0.1 % | 0.3 % | 0.2 % |
Schwab Target 2015 Fund | 0.1 % | 0.3 % | 0.3 % |
Schwab Target 2020 Fund | 0.8 % | 1.7 % | 1.6 % |
Schwab Target 2025 Fund | 0.9 % | 2.1 % | 2.0 % |
Schwab Target 2030 Fund | 0.7 % | 3.0 % | 2.8 % |
Schwab Target 2035 Fund | — % | 1.2 % | 1.1 % |
Schwab Target 2040 Fund | — % | 1.5 % | 1.4 % |
Schwab Target 2045 Fund | — % | 0.2 % | 0.2 % |
Schwab Target 2050 Fund | — % | 0.1 % | 0.1 % |
Schwab Target 2055 Fund | — % | 0.1 % | 0.1 % |
Schwab Target 2060 Fund | — % | 0.0 %* | 0.0 %* |
Schwab Target 2065 Fund | — % | 0.0 %* | 0.0 %* |
* | Less than 0.05% |
5. Board of Trustees:
6. Borrowing from Banks:
7. Purchases and Sales/Maturities of Investment Securities:
PURCHASES OF LONG-TERM U.S. GOVERNMENT SECURITIES* | PURCHASES OF OTHER LONG-TERM SECURITIES | TOTAL PURCHASES OF LONG-TERM SECURITIES | |
Schwab Treasury Inflation Protected Securities Index Fund | $446,129,122 | $— | $446,129,122 |
Schwab U.S. Aggregate Bond Index Fund | 1,484,398,316 | 154,964,297 | 1,639,362,613 |
Schwab Short-Term Bond Index Fund | 472,389,272 | 86,412,890 | 558,802,162 |
SALES/MATURITIES OF LONG-TERM U.S. GOVERNMENT SECURITIES* | SALES/MATURITIES OF OTHER LONG-TERM SECURITIES | TOTAL SALES/MATURITIES OF LONG-TERM SECURITIES | |
Schwab Treasury Inflation Protected Securities Index Fund | $484,444,649 | $— | $484,444,649 |
Schwab U.S. Aggregate Bond Index Fund | 1,443,688,290 | 143,110,383 | 1,586,798,673 |
Schwab Short-Term Bond Index Fund | 513,649,773 | 93,646,536 | 607,296,309 |
8. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Treasury Inflation Protected Securities Index Fund | $2,850,361,848 | $— | ($266,458,662 ) | ($266,458,662 ) |
Schwab U.S. Aggregate Bond Index Fund | 5,117,254,511 | — | (429,440,099 ) | (429,440,099 ) |
Schwab Short-Term Bond Index Fund | 1,497,047,332 | 942,712 | (26,662,962 ) | (25,720,250 ) |
Schwab Treasury Inflation Protected Securities Index Fund | $130,787,250 |
Schwab U.S. Aggregate Bond Index Fund | 260,369,779 |
Schwab Short-Term Bond Index Fund | 109,814,529 |
PRIOR FISCAL YEAR END DISTRIBUTIONS | ||
ORDINARY INCOME | LONG-TERM CAPITAL GAINS | |
Schwab Treasury Inflation Protected Securities Index Fund | $143,952,912 | $21,184,284 |
Schwab U.S. Aggregate Bond Index Fund | 130,788,565 | — |
Schwab Short-Term Bond Index Fund | 42,183,526 | — |
9. Subsequent Events:
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Michael J. Beer 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 106 | Director (2016 – 2019), Principal Funds, Inc. |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor. | 106 | None |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. | 106 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 106 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 106 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 106 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 106 | None |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 106 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Omar Aguilar 1970 Chief Executive Officer, President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
Mark Fischer 1970 Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Managing Director (Mar. 2023 – present), Senior Vice President (Jan. 2020 – Mar. 2023) and Chief Investment Officer (Jan. 2020 – present) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Chief Legal Officer (Mar. 2022 – present), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
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Beginning on July 24, 2024, fund shareholder reports will be streamlined to highlight key information deemed important for investors to assess and monitor their fund investments. Other information, including financial statements, will not appear in the streamlined shareholder reports but will available online and delivered free of charge upon request. |
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Total Returns for the 6 Months Ended February 29, 2024 | |
Schwab Tax-Free Bond Fund (Ticker Symbol: SWNTX) | 3.77% |
Bloomberg Municipal Bond Index1 | 4.33% |
Bloomberg Municipal 3-15 Year Blend Index | 3.86% |
Fund Category: Morningstar Muni National Intermediate* | 4.02% |
Performance Details | pages 4-5 |
Schwab California Tax-Free Bond Fund (Ticker Symbol: SWCAX) | 3.64% |
Bloomberg Municipal Bond Index1 | 4.33% |
Bloomberg California Municipal 3-15 Year Blend Index | 3.78% |
Fund Category: Morningstar Muni California Intermediate* | 3.57% |
Performance Details | pages 6-7 |
Schwab Opportunistic Municipal Bond Fund (Ticker Symbol: SWHYX) | 5.21% |
Bloomberg Municipal Bond Index | 4.33% |
Fund Category: Morningstar Muni National Long* | 5.10% |
Performance Details | pages 8-9 |
Jason D. Diefenthaler, Managing Director and Head of Tax-Exempt Strategies for Schwab Asset Management, is responsible for developing, managing, and implementing Schwab Asset Management’s tax-exempt fixed income investment strategies, including separately managed accounts, actively managed mutual funds, and exchange-traded funds (ETFs). Mr. Diefenthaler also leads the portfolio management team for the Wasmer SchroederTM Municipal Bond Strategies and is responsible for day-to-day co-management of several tax-free Schwab Funds. Previously, Mr. Diefenthaler was the director of tax-exempt portfolio management at Wasmer Schroeder & Company, LLC (Schwab Asset Management became the investment adviser for Wasmer Schroeder Strategies in 2020). He oversaw all tax-exempt strategies and management of the Wasmer Schroeder High Yield Municipal Fund, which subsequently reorganized into the Schwab Opportunistic Municipal Bond Fund. Mr. Diefenthaler began his career with Wasmer Schroeder in 2000. He was a credit analyst before becoming a portfolio manager. |
John Khodarahmi, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Prior to joining Schwab in 2015, Mr. Khodarahmi was a vice president and senior municipal trader at Eaton Vance Management for the firm’s tax-free bond funds. Previous to Eaton Vance, he was a vice president and portfolio manager at both Banc of America Montgomery Securities and Thomas Weisel Partners, managing corporate cash and high net worth portfolios. Prior to those roles, Mr. Khodarahmi was a municipal trader and underwriter for Fleet Securities, Inc. (now part of Bank of America). |
James Cortez, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds and has been a portfolio manager with Schwab Asset Management since 2019. Mr. Cortez joined the firm in 2006 as a director on Schwab Asset Management’s municipal research team, responsible for conducting credit research for municipal fixed income funds and money market funds with a focus on healthcare and higher education credits. Prior to joining Schwab, Mr. Cortez was an associate director in Standard & Poor’s healthcare group. |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Tax-Free Bond Fund (9/11/92) | 3.77% | 5.07% | 1.53% | 2.05% |
Bloomberg Municipal Bond Index3 | 4.33% | 5.42% | 1.91% | 2.68% |
Bloomberg Municipal 3-15 Year Blend Index | 3.86% | 4.66% | 1.91% | 2.46% |
Fund Category: Morningstar Muni National Intermediate4 | 4.02% | 5.08% | 1.61% | 2.07% |
Fund Expense Ratios5: Net 0.38%; Gross 0.41% |
30-Day SEC Yield1,2 | 3.29% |
30-Day SEC Yield-No Waiver1,6 | 3.27% |
12-Month Distribution Yield1,2 | 3.17% |
Weighted Average Maturity1 | 6.2 Yrs |
Weighted Average Duration1 | 5.7 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab California Tax-Free Bond Fund (2/24/92) | 3.64% | 4.83% | 1.34% | 2.02% |
Bloomberg Municipal Bond Index3 | 4.33% | 5.42% | 1.91% | 2.68% |
Bloomberg California Municipal 3-15 Year Blend Index4 | 3.78% | 4.69% | 1.78% | N/A 5 |
S&P California AMT-Free Municipal Bond Index | 3.90% | 5.20% | 1.87% | 2.61% |
Fund Category: Morningstar Muni California Intermediate6 | 3.57% | 4.50% | 1.44% | 1.99% |
Fund Expense Ratios7: Net 0.38%; Gross 0.41% |
30-Day SEC Yield1,2 | 3.06% |
30-Day SEC Yield-No Waiver1,8 | 3.04% |
12-Month Distribution Yield1,2 | 2.78% |
Weighted Average Maturity1 | 4.8 Yrs |
Weighted Average Duration1 | 4.8 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab Opportunistic Municipal Bond Fund (3/31/14)4 | 5.21% | 8.21% | 1.02% | 3.37% |
Bloomberg Municipal Bond Index | 4.33% | 5.42% | 1.91% | 2.68% |
Fund Category: Morningstar Muni National Long5 | 5.10% | 6.29% | 1.68% | N/A |
Fund Expense Ratios6: Net 0.50%; Gross 0.68% |
30-Day SEC Yield1,2 | 3.35% |
30-Day SEC Yield-No Waiver1,7 | 3.27% |
12-Month Distribution Yield1,2 | 6.58%* |
Weighted Average Maturity1 | 9.2 Yrs |
Weighted Average Duration1 | 7.6 Yrs |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/23 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/29/24 | EXPENSES PAID DURING PERIOD 9/1/23-2/29/24 2 | |
Schwab Tax-Free Bond Fund | ||||
Actual Return | 0.38% | $1,000.00 | $1,037.70 | $1.93 |
Hypothetical 5% Return | 0.38% | $1,000.00 | $1,022.97 | $1.91 |
Schwab California Tax-Free Bond Fund | ||||
Actual Return | 0.38% | $1,000.00 | $1,036.40 | $1.92 |
Hypothetical 5% Return | 0.38% | $1,000.00 | $1,022.97 | $1.91 |
Schwab Opportunistic Municipal Bond Fund | ||||
Actual Return | 0.50% | $1,000.00 | $1,052.10 | $2.55 |
Hypothetical 5% Return | 0.50% | $1,000.00 | $1,022.38 | $2.51 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 182 days in the period, and divided by 366 days in the fiscal year. |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $10.82 | $10.93 | $12.22 | $12.13 | $12.12 | $11.52 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.18 | 0.32 | 0.22 | 0.21 | 0.26 | 0.28 |
Net realized and unrealized gains (losses) | 0.22 | (0.11 ) | (1.24 ) | 0.16 | 0.04 2 | 0.60 |
Total from investment operations | 0.40 | 0.21 | (1.02 ) | 0.37 | 0.30 | 0.88 |
Less distributions: | ||||||
Distributions from net investment income | (0.18 ) | (0.32 ) | (0.22 ) | (0.21 ) | (0.26 ) | (0.28 ) |
Distributions from net realized gains | — | — | (0.05 ) | (0.07 ) | (0.03 ) | — |
Total distributions | (0.18 ) | (0.32 ) | (0.27 ) | (0.28 ) | (0.29 ) | (0.28 ) |
Net asset value at end of period | $11.04 | $10.82 | $10.93 | $12.22 | $12.13 | $12.12 |
Total return | 3.77 %3 | 1.93 % | (8.48 %) | 3.03 % | 2.52 % | 7.77 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Net operating expenses | 0.38 %4 | 0.38 % | 0.48 %5,6 | 0.49 % | 0.49 % | 0.49 % |
Gross operating expenses | 0.41 %4 | 0.41 % | 0.53 %6 | 0.55 % | 0.55 % | 0.56 % |
Net investment income (loss) | 3.40 %4 | 2.92 % | 1.88 % | 1.72 % | 2.14 % | 2.41 % |
Portfolio turnover rate | 62 %3 | 101 % | 87 % | 53 % | 99 % | 129 % |
Net assets, end of period (x 1,000) | $611,751 | $545,929 | $542,993 | $801,234 | $757,844 | $751,353 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022, is a blended ratio. |
6 | Ratio includes less than 0.005% of non-routine proxy expenses. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 100.4% OF NET ASSETS | ||||
ALABAMA 2.7% | ||||
Black Belt Energy Gas District | ||||
Gas Supply RB Series 2022D1 | 4.00% | 07/01/52 (a) | 4,000,000 | 4,015,489 |
RB Series 2022C1 | 5.25% | 06/01/24 | 380,000 | 381,042 |
RB Series 2022C1 | 5.25% | 06/01/25 | 1,175,000 | 1,193,985 |
Jefferson Cnty | ||||
Sewer RB Series 2024 | 5.25% | 10/01/49 (a) | 2,500,000 | 2,691,079 |
Southeast Energy Auth | ||||
RB Series 2021B | 4.00% | 12/01/51 (a) | 2,000,000 | 2,010,563 |
RB Series 2022A1 | 5.50% | 01/01/53 (a) | 2,000,000 | 2,141,592 |
The Southeast Alabama Gas District | ||||
Gas Supply Refunding RB Series 2024B | 5.00% | 06/01/49 (a)(b) | 1,500,000 | 1,596,427 |
Univ of Montevallo | ||||
RB Series 2017 | 5.00% | 05/01/27 | 250,000 | 265,694 |
RB Series 2017 | 5.00% | 05/01/42 (a) | 2,150,000 | 2,264,358 |
16,560,229 | ||||
ARIZONA 1.5% | ||||
Arizona IDA | ||||
RB Series 2021A | 4.00% | 11/01/30 | 500,000 | 520,315 |
RB Series 2021A | 4.00% | 11/01/31 | 1,270,000 | 1,326,773 |
RB Series 2023A | 5.00% | 11/01/28 (a) | 2,500,000 | 2,693,949 |
Chandler Industrial Development Auth | ||||
IDRB (Intel Corp) Series 2022 | 5.00% | 09/01/42 (a) | 2,000,000 | 2,068,980 |
Salt River Project Agricultural Improvement & Power District | ||||
Electric System RB Series 2023A | 5.00% | 01/01/50 (a) | 2,500,000 | 2,740,593 |
9,350,610 | ||||
ARKANSAS 0.2% | ||||
Bella Vista | ||||
Sales & Use Tax Bonds Series 2020 | 1.13% | 10/01/45 (a) | 205,000 | 204,640 |
Bentonville Sales & Use Tax | ||||
Sales & Use Tax Refunding RB Series 2021B | 1.05% | 11/01/46 (a) | 55,000 | 54,729 |
Forrest City | ||||
Sales & Use Tax RB Series 2021 | 1.55% | 11/01/44 (a) | 700,000 | 634,133 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Little Rock | ||||
Sewer Refunding RB Series 2015 | 3.00% | 04/01/24 | 560,000 | 559,642 |
1,453,144 | ||||
CALIFORNIA 9.0% | ||||
Alameda Corridor Transportation Auth | ||||
Sr Lien Refunding RB Series 2022A | 0.00% | 10/01/49 (a)(c) | 1,500,000 | 820,660 |
Bay Area Toll Auth | ||||
Toll Bridge RB Series 2021C (SIFMA Municipal Swap Index + 0.45%) | 3.75% | 04/01/56 (a)(d) | 5,000,000 | 4,947,807 |
California | ||||
GO Refunding Bonds | 5.25% | 08/01/32 | 5,000,000 | 5,973,981 |
California Community Choice Financing Auth | ||||
RB (Deutsche Bank) Series 2023C | 5.25% | 01/01/54 (a) | 3,000,000 | 3,175,412 |
California Educational Facilities Auth | ||||
RB (St Marys College) Series 2023A | 5.50% | 10/01/53 (a) | 300,000 | 317,490 |
California Health Facilities Financing Auth | ||||
RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (a)(e) | 2,560,000 | 2,560,000 |
RB (Kaiser Permanente) Series 2017A2 | 4.00% | 11/01/44 (a) | 1,500,000 | 1,490,317 |
California Public Finance Auth | ||||
RB (Sharp Healthcare) Series 2017C | 3.70% | 08/01/52 (a)(f)(g) | 6,095,000 | 6,095,000 |
California Statewide Communities Development Auth | ||||
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/25 | 1,000,000 | 1,008,361 |
RB (Loma Linda Univ Medical Center) Series 2016A | 5.00% | 12/01/36 (a) | 1,500,000 | 1,519,103 |
RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (a) | 1,065,000 | 1,089,013 |
Fair Oaks Recreation & Park District | ||||
GO Bonds Series 2022 | 5.75% | 08/01/51 (a)(f) | 1,700,000 | 1,932,937 |
Hastings Campus Housing Financing Auth | ||||
Campus Housing RB Series 2020A | 5.00% | 07/01/45 (a) | 3,700,000 | 3,201,879 |
Los Angeles Dept of Airports | ||||
Sub Refunding RB Series 2023A | 5.00% | 05/15/24 | 715,000 | 716,841 |
Pleasant Valley SD | ||||
GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 3,000,000 | 3,310,680 |
Rancho Cucamonga Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2014 | 5.00% | 09/01/26 (a) | 755,000 | 761,664 |
San Diego Cnty Regional Airport Auth | ||||
Sr Airport RB Series 2023B | 5.00% | 07/01/32 | 5,000,000 | 5,614,380 |
San Diego USD | ||||
GO Bonds Series 2010C | 0.00% | 07/01/31 (h) | 1,250,000 | 1,000,963 |
GO Bonds Series 2010C | 0.00% | 07/01/32 (h) | 1,500,000 | 1,159,656 |
GO Bonds Series 2010C | 0.00% | 07/01/33 (h) | 1,000,000 | 745,609 |
GO Bonds Series 2010C | 0.00% | 07/01/35 (h) | 1,300,000 | 895,403 |
San Francisco Airport Commission | ||||
RB 2nd Series 2019E | 5.00% | 05/01/39 (a) | 2,450,000 | 2,590,801 |
RB 2nd Series 2019E | 5.00% | 05/01/40 (a) | 425,000 | 447,672 |
RB 2nd Series 2022A | 5.00% | 05/01/30 | 800,000 | 878,422 |
RB 2nd Series 2022A | 5.00% | 05/01/31 | 1,695,000 | 1,880,930 |
Santa Cruz Cnty Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/24 | 1,060,000 | 1,067,661 |
55,202,642 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
COLORADO 2.1% | ||||
Colorado Educational & Cultural Facilities Auth | ||||
Charter School RB (Loveland Classical Schools) Series 2023 | 4.75% | 07/01/43 (a)(f) | 610,000 | 630,108 |
Colorado Health Facilities Auth | ||||
RB (CommonSpirit Health) Series 2022A | 5.00% | 11/01/31 | 1,300,000 | 1,442,551 |
RB (CommonSpirit Health) Series 2022A | 5.00% | 11/01/32 | 1,500,000 | 1,684,368 |
Colorado Regional Transportation District | ||||
RB (Denver Transit Partners) Series 2020A | 5.00% | 07/15/30 | 300,000 | 332,636 |
RB (Denver Transit Partners) Series 2020A | 4.00% | 07/15/34 (a) | 800,000 | 833,677 |
Denver | ||||
Airport System RB Series 2017A | 5.00% | 11/15/27 | 1,865,000 | 1,979,165 |
Airport System Sub RB Series 2023B | 5.00% | 11/15/24 | 1,380,000 | 1,390,708 |
Airport System Sub RB Series 2023B | 5.00% | 11/15/31 | 2,000,000 | 2,233,148 |
Airport System Sub RB Series 2023B | 5.00% | 11/15/32 | 1,000,000 | 1,127,376 |
Dedicated Tax RB Series 2018A-2 | 0.00% | 08/01/31 (a)(h) | 380,000 | 284,864 |
Whispering Pines Metropolitan District #1 | ||||
LT GO Refunding Bonds Series 2023 | 5.00% | 12/01/52 (a) | 900,000 | 944,764 |
12,883,365 | ||||
CONNECTICUT 0.4% | ||||
Connecticut | ||||
GO Bonds Series 2020A | 4.00% | 01/15/37 (a) | 2,000,000 | 2,089,234 |
GO Bonds Series 2024B | 4.00% | 01/15/41 (a) | 500,000 | 514,194 |
2,603,428 | ||||
DISTRICT OF COLUMBIA 0.4% | ||||
Metropolitan Washington Airports Auth | ||||
Sr Lien Refunding RB (Dulles Metrorail) Series 2019A | 5.00% | 10/01/44 (a) | 2,150,000 | 2,258,325 |
FLORIDA 6.3% | ||||
Florida Development Finance Corp | ||||
Healthcare Facilities RB (Tampa General Hospital) Series 2024B | 5.00% | 08/01/56 (a) | 2,000,000 | 2,219,404 |
Florida Higher Educational Facilities Financing Auth | ||||
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/25 | 450,000 | 457,209 |
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/26 | 765,000 | 785,517 |
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/27 | 685,000 | 712,466 |
Florida Insurance Assistance Interlocal Agency | ||||
Insurance Assessment RB Series 2023A1 | 5.00% | 09/01/25 (a) | 2,750,000 | 2,789,541 |
Hialeah | ||||
RB Series 2022 | 5.00% | 10/01/31 | 1,585,000 | 1,777,523 |
RB Series 2022 | 5.00% | 10/01/37 (a) | 2,360,000 | 2,571,924 |
Hollywood Community Redevelopment Agency | ||||
Refunding RB Series 2015 | 5.00% | 03/01/24 | 3,000,000 | 3,000,000 |
Jacksonville | ||||
Health Care Facilities Refunding RB (Baptist Health) Series 2017 | 5.00% | 08/15/34 (a) | 910,000 | 955,565 |
Miami Beach Health Facilities Auth | ||||
Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/24 | 400,000 | 402,637 |
Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/25 (a) | 250,000 | 251,803 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Miami-Dade Cnty | ||||
RB Series 2022 | 5.00% | 07/01/49 (a) | 3,080,000 | 3,316,109 |
Refunding RB Series 2020A | 4.00% | 10/01/37 (a) | 2,205,000 | 2,245,483 |
Miami-Dade Cnty Educational Facilities Auth | ||||
RB (Univ of Miami) Series 2018A | 4.00% | 04/01/53 (a) | 2,000,000 | 1,892,424 |
Miami-Dade Cnty Expressway Auth | ||||
Toll System RB Series 2014A | 5.00% | 07/01/24 | 625,000 | 627,409 |
Miami-Dade Cnty SD | ||||
GO Bonds Series 2022A | 5.00% | 03/15/52 (a) | 5,000,000 | 5,368,444 |
Pasco Cnty | ||||
RB (Moffitt Cancer Center) Series 2023A | 5.75% | 09/01/54 (a) | 500,000 | 562,128 |
Pompano Beach | ||||
RB (John Knox Village) Series 2021A | 4.00% | 09/01/51 (a) | 2,000,000 | 1,558,408 |
Seminole Cnty | ||||
Refunding RB Series 2022 | 5.00% | 10/01/52 (a) | 1,000,000 | 1,077,621 |
Tampa | ||||
Tax Allocation RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/35 (a)(h) | 1,550,000 | 991,682 |
Tax Allocation RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/36 (a)(h) | 800,000 | 485,881 |
Tax Allocation RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/37 (a)(h) | 855,000 | 491,035 |
Tax Allocation RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/38 (a)(h) | 1,000,000 | 541,239 |
Tax Allocation RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/49 (a)(h) | 1,200,000 | 353,825 |
Tampa Bay Water | ||||
Utility System RB Series 2022 | 5.25% | 10/01/47 (a) | 1,500,000 | 1,672,249 |
Village Community Dev Dist. No.15 | ||||
RB Series 2023 | 4.38% | 05/01/33 (a) | 400,000 | 407,026 |
RB Series 2023 | 4.85% | 05/01/38 (a) | 500,000 | 507,101 |
RB Series 2023 | 5.25% | 05/01/54 (a) | 500,000 | 513,919 |
38,535,572 | ||||
GEORGIA 2.1% | ||||
Atlanta | ||||
Airport PFC & Sub Lien RB Series 2022D | 5.00% | 07/01/36 (a) | 4,640,000 | 5,149,073 |
Columbia Cnty Hospital Auth | ||||
Revenue Anticipation Certificates (Wellstar Health System) Series 2023A | 5.75% | 04/01/53 (a) | 500,000 | 567,382 |
Georgia State Road & Tollway Auth | ||||
Managed Lane System RB Series 2021A | 4.00% | 07/15/37 (a) | 1,515,000 | 1,603,222 |
Main Street Natural Gas Inc | ||||
Gas Supply RB Series 2023A | 5.00% | 06/01/53 (a) | 3,000,000 | 3,158,982 |
Gas Supply RB Series 2023B | 5.00% | 09/01/24 | 550,000 | 551,760 |
Gas Supply RB Series 2023B | 5.00% | 03/01/25 | 390,000 | 392,954 |
Gas Supply RB Series 2023D | 5.00% | 05/01/54 (a) | 1,250,000 | 1,318,911 |
12,742,284 | ||||
GUAM 0.4% | ||||
Guam Waterworks Auth | ||||
Water & Wastewater System RB Series 2016 | 5.00% | 01/01/46 (a) | 2,500,000 | 2,535,427 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
HAWAII 0.4% | ||||
Hawaii | ||||
Airport System RB Series 2020A | 4.00% | 07/01/35 (a) | 1,500,000 | 1,536,173 |
Harbor System RB Series 2020A | 4.00% | 07/01/34 (a) | 750,000 | 772,765 |
2,308,938 | ||||
IDAHO 0.1% | ||||
Jerome Jt SD #261 | ||||
GO Bonds Series 2022 | 5.25% | 09/15/42 (a)(f) | 500,000 | 566,110 |
ILLINOIS 9.0% | ||||
Bellwood Village | ||||
GO Refunding Bonds Series 2014 | 5.00% | 12/01/32 (a) | 1,705,000 | 1,726,944 |
GO Refunding Bonds Series 2016B | 5.00% | 12/01/28 (a) | 1,855,000 | 1,953,499 |
Chicago | ||||
GO Bonds Series 2019A | 5.50% | 01/01/35 (a) | 1,450,000 | 1,567,385 |
GO Bonds Series 2023A | 5.00% | 01/01/34 (a) | 1,000,000 | 1,101,628 |
GO Bonds Series 2023A | 5.50% | 01/01/39 (a) | 1,500,000 | 1,641,935 |
OHare General Airport Sr Lien Refunding RB Series 2012A | 5.00% | 01/01/33 (a) | 400,000 | 408,695 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/28 (a) | 1,750,000 | 1,773,673 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/29 (a) | 1,135,000 | 1,150,784 |
OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/29 (a) | 400,000 | 413,280 |
OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/31 (a) | 1,000,000 | 1,031,880 |
Chicago Board of Education | ||||
ULT GO Bonds Series 2023A | 5.00% | 12/01/30 | 750,000 | 798,027 |
Chicago Housing Auth | ||||
GO Bonds Series 2018A | 5.00% | 01/01/27 | 1,000,000 | 1,051,860 |
GO Bonds Series 2018A | 5.00% | 01/01/28 | 1,000,000 | 1,072,909 |
Chicago Midway Airport | ||||
Sr Lien Airport Refunding RB Series 2023C | 5.00% | 01/01/36 (a) | 2,500,000 | 2,808,680 |
Chicago Park District | ||||
LT GO Refunding Bonds Series 2023C | 5.00% | 01/01/37 (a) | 600,000 | 657,895 |
Chicago Transit Auth Sales Tax | ||||
Sales Tax RB Series 2014 | 5.25% | 12/01/49 (a) | 3,000,000 | 3,011,884 |
Illinois | ||||
GO Bonds Series 2018 | 5.00% | 05/01/31 (a) | 1,000,000 | 1,075,215 |
GO Bonds Series 2019A | 5.00% | 11/01/27 | 5,855,000 | 6,223,350 |
GO Bonds Series 2020 | 5.50% | 05/01/24 | 1,000,000 | 1,002,904 |
GO Bonds Series 2020 | 5.50% | 05/01/25 | 1,500,000 | 1,535,518 |
GO Bonds Series 2021A | 4.00% | 03/01/40 (a) | 2,000,000 | 1,970,748 |
GO Bonds Series 2023B | 5.50% | 05/01/47 (a) | 1,000,000 | 1,096,915 |
GO Bonds Series 2023B | 4.50% | 05/01/48 (a) | 500,000 | 497,769 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/28 (a) | 1,500,000 | 1,575,627 |
GO Refunding Bonds Series 2018B | 5.00% | 10/01/33 (a) | 1,500,000 | 1,609,220 |
Illinois Finance Auth | ||||
RB (OSF Healthcare System) Series 2020B1 | 5.00% | 05/15/50 (a)(e) | 1,150,000 | 1,152,229 |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/30 (a) | 900,000 | 933,529 |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/33 (a) | 960,000 | 993,075 |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/34 (a) | 1,330,000 | 1,374,920 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/26 | 700,000 | 717,158 |
Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/30 (a) | 400,000 | 415,054 |
Illinois Toll Highway Auth | ||||
Sr RB Series 2015A | 5.00% | 01/01/37 (a) | 2,100,000 | 2,139,658 |
Sr RB Series 2024A | 5.00% | 01/01/38 (a) | 750,000 | 880,037 |
Kankakee River Metropolitan Agency | ||||
Sr Lien Sewage Treatment Facility Refunding RB Series 2016 | 5.00% | 05/01/26 | 1,305,000 | 1,360,747 |
Metropolitan Pier & Exposition Auth | ||||
RB Series 2015A | 5.00% | 06/15/53 (a) | 2,000,000 | 2,014,235 |
Northern Illinois Univ | ||||
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/26 (f) | 250,000 | 259,250 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/27 (f) | 325,000 | 342,478 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/28 (f) | 325,000 | 347,921 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/30 (f) | 325,000 | 356,728 |
Auxiliary Facilities System Refunding RB Series 2020B | 5.00% | 04/01/29 (f) | 400,000 | 427,633 |
Auxiliary Facilities System Refunding RB Series 2020B | 5.00% | 04/01/30 (f) | 450,000 | 484,586 |
Auxiliary Facilities System Refunding RB Series 2020B | 5.00% | 04/01/31 (a)(f) | 500,000 | 536,770 |
Auxiliary Facilities System Refunding RB Series 2020B | 4.00% | 04/01/35 (a)(f) | 1,050,000 | 1,071,445 |
Auxiliary Facilities System Refunding RB Series 2020B | 4.00% | 04/01/37 (a)(f) | 600,000 | 605,227 |
55,170,904 | ||||
IOWA 0.8% | ||||
Public Energy Financing Auth | ||||
Gas Project RB Series 2019 | 5.00% | 09/01/49 (a)(e) | 5,000,000 | 5,106,884 |
KANSAS 0.6% | ||||
Crawford Cnty USD #250 | ||||
GO Bonds Series 2017 | 5.00% | 09/01/26 | 250,000 | 262,967 |
GO Bonds Series 2017 | 5.00% | 09/01/27 | 450,000 | 484,325 |
Johnson & Miami Cnty USD No. 230 | ||||
GO Bonds Series 2018A | 5.00% | 09/01/31 (a) | 2,575,000 | 2,795,997 |
3,543,289 | ||||
KENTUCKY 0.4% | ||||
Kentucky | ||||
COP 2015 | 4.00% | 06/15/24 | 400,000 | 400,591 |
COP 2015 | 5.00% | 06/15/25 | 400,000 | 408,943 |
Kentucky Public Energy Auth | ||||
Gas Supply RB Series 2018C1 | 4.00% | 12/01/49 (a)(e) | 1,450,000 | 1,452,217 |
2,261,751 | ||||
LOUISIANA 2.2% | ||||
Louisiana Housing Corp M/F Revenue | ||||
S/F Mortgage RB Series 2023C | 5.75% | 12/01/53 (a) | 1,785,000 | 1,939,152 |
Louisiana Offshore Terminal Auth | ||||
Port RB (LOOP LLC) Series 2007A | 4.15% | 09/01/27 | 3,000,000 | 3,044,203 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Louisiana Public Facilities Auth | ||||
RB (Loyola Univ) Series 2023A | 5.00% | 10/01/38 (a) | 1,000,000 | 1,094,707 |
RB (Loyola Univ) Series 2023A | 5.00% | 10/01/43 (a) | 1,500,000 | 1,605,378 |
Refunding RB (Ochsner Clinic Fdn) Series 2017 | 5.00% | 05/15/27 | 500,000 | 525,712 |
Louisiana Stadium & Exposition District | ||||
Sr RB Series 2023A | 5.25% | 07/01/53 (a) | 3,000,000 | 3,293,799 |
New Orleans | ||||
Public Improvement Bonds Series 2021A | 5.00% | 12/01/50 (a) | 1,750,000 | 1,849,891 |
13,352,842 | ||||
MAINE 0.8% | ||||
Maine Health & Educational Facilities Auth | ||||
RB (MaineHealth) Series 2020A | 4.00% | 07/01/37 (a) | 1,000,000 | 1,020,453 |
RB (MaineHealth) Series 2023B | 4.75% | 07/01/53 (a) | 2,000,000 | 2,055,774 |
Portland | ||||
General Airport Refunding RB Series 2019 | 5.00% | 01/01/32 (a) | 560,000 | 621,167 |
General Airport Refunding RB Series 2019 | 5.00% | 01/01/33 (a) | 695,000 | 769,793 |
General Airport Refunding RB Series 2019 | 5.00% | 01/01/34 (a) | 620,000 | 686,359 |
5,153,546 | ||||
MARYLAND 2.0% | ||||
Baltimore Cnty | ||||
Metropolitan District GO Bonds 78th Issue | 5.00% | 02/01/46 (a) | 2,000,000 | 2,047,423 |
Maryland | ||||
GO Bonds 1st Series 2018A | 3.13% | 03/15/33 (a) | 3,600,000 | 3,535,843 |
Maryland Health & Higher Educational Facilities Auth | ||||
RB (Frederick Health System) Series 2020 | 4.00% | 07/01/45 (a) | 600,000 | 572,139 |
RB (Frederick Health System) Series 2023 | 5.00% | 07/01/48 (a) | 1,000,000 | 1,045,845 |
RB (Frederick Health System) Series 2023 | 5.25% | 07/01/53 (a) | 775,000 | 822,755 |
Maryland Stadium Authority | ||||
Built to Learn RB Series 2022A | 5.00% | 06/01/29 | 875,000 | 972,816 |
Built to Learn RB Series 2022A | 5.00% | 06/01/30 | 1,000,000 | 1,129,323 |
Built to Learn RB Series 2022A | 5.00% | 06/01/31 | 1,250,000 | 1,434,447 |
Washington Cnty | ||||
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/25 (i) | 550,000 | 557,419 |
12,118,010 | ||||
MASSACHUSETTS 2.3% | ||||
Massachusetts Development Finance Agency | ||||
RB (Beth Israel Lahey Health) Series 2023M | 5.00% | 07/01/32 | 2,500,000 | 2,889,872 |
RB (Boston Medical Center) Series 2016E | 5.00% | 07/01/31 (a) | 2,815,000 | 2,917,936 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/24 | 500,000 | 501,928 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/25 | 665,000 | 676,635 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/26 | 865,000 | 900,170 |
RB (Boston Medical Center) Series 2023G | 5.25% | 07/01/48 (a) | 800,000 | 870,353 |
RB (Lahey Health System) Series 2015F | 5.00% | 08/15/28 (a) | 950,000 | 969,704 |
RB (Lesley Univ) Series 2019A | 5.00% | 07/01/35 (a) | 1,065,000 | 1,122,881 |
RB (UMASS Memorial Health) Series 2016I | 5.00% | 07/01/36 (a) | 1,815,000 | 1,866,987 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Massachusetts HFA | ||||
S/F Housing RB Series 183 | 3.50% | 12/01/46 (a) | 435,000 | 431,062 |
S/F Housing RB Series 203 | 4.50% | 12/01/48 (a) | 900,000 | 902,948 |
14,050,476 | ||||
MICHIGAN 3.1% | ||||
Great Lakes Water Auth | ||||
Water Supply System 2nd Lien RB Series 2022B | 5.25% | 07/01/47 (a) | 2,000,000 | 2,203,477 |
Karegnondi Water Auth | ||||
RB Series 2014A | 5.00% | 11/01/24 (a) | 1,645,000 | 1,646,423 |
RB Series 2014A | 5.00% | 11/01/25 (a) | 1,100,000 | 1,100,936 |
Kentwood Public Schools | ||||
ULT GO Bonds Series 2023II | 5.00% | 05/01/53 (a) | 4,450,000 | 4,807,663 |
Michigan | ||||
RB Series 2020B | 4.00% | 11/15/45 (a) | 7,755,000 | 7,810,535 |
Michigan Housing Development Auth | ||||
S/F Mortgage RB Series 2015A | 4.00% | 06/01/46 (a) | 210,000 | 209,541 |
Wayne Cnty Airport Auth | ||||
Airport RB Series 2014B | 5.00% | 12/01/32 (a) | 550,000 | 554,457 |
Airport RB Series 2014B | 5.00% | 12/01/33 (a) | 625,000 | 630,019 |
18,963,051 | ||||
MINNESOTA 0.2% | ||||
Center City | ||||
Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/26 | 315,000 | 315,617 |
Duluth ISD #709 | ||||
Refunding COP Series 2019C | 5.00% | 02/01/25 (f) | 375,000 | 381,110 |
Refunding COP Series 2019C | 5.00% | 02/01/26 (f) | 400,000 | 414,351 |
1,111,078 | ||||
MISSISSIPPI 0.3% | ||||
Mississippi Development Bank | ||||
Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/25 | 1,000,000 | 1,025,718 |
Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/26 | 590,000 | 618,061 |
Special Obligation (Jackson Public SD) Refunding RB Series 2012A | 5.00% | 04/01/28 (a) | 75,000 | 75,088 |
1,718,867 | ||||
MISSOURI 1.2% | ||||
Missouri Health & Educational Facilities Auth | ||||
Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/35 (a) | 1,000,000 | 1,055,657 |
Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/36 (a) | 1,050,000 | 1,104,647 |
Missouri Housing Development Commission | ||||
S/F Mortgage RB Series 2017D | 4.00% | 05/01/47 (a) | 470,000 | 467,802 |
S/F Mortgage RB Series 2018A | 4.25% | 05/01/49 (a) | 990,000 | 989,964 |
St Louis | ||||
Airport RB (Lambert International) Series 2023B | 5.00% | 07/01/24 | 1,000,000 | 1,002,945 |
GO Bonds Series 2023A | 5.00% | 02/15/43 (a) | 2,400,000 | 2,608,386 |
7,229,401 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MONTANA 0.5% | ||||
Montana Board of Housing | ||||
S/F Housing RB Series 2018A | 4.00% | 06/01/49 (a) | 635,000 | 632,030 |
S/F Mortgage Bonds Series 2023B | 6.00% | 12/01/53 (a) | 2,110,000 | 2,285,869 |
2,917,899 | ||||
NEBRASKA 0.7% | ||||
Boys Town Village | ||||
RB (Father Flanagan Boys Home) Series 2017 | 3.00% | 09/01/28 | 2,615,000 | 2,626,035 |
Sarpy Cnty SD No 0037 | ||||
GO Bonds Series 2022B | 5.00% | 12/15/27 (a) | 1,500,000 | 1,549,211 |
4,175,246 | ||||
NEVADA 0.5% | ||||
Carson City | ||||
Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/25 | 600,000 | 610,549 |
Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/27 | 605,000 | 632,633 |
Clark Cnty SD | ||||
LT GO Bonds Series 2018A | 4.00% | 06/15/36 (a) | 1,800,000 | 1,844,691 |
3,087,873 | ||||
NEW JERSEY 3.7% | ||||
Atlantic City | ||||
Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/24 | 200,000 | 200,000 |
Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/25 | 300,000 | 304,783 |
New Jersey Transportation Trust Fund Auth | ||||
Transportation Bonds Series 2023BB | 5.00% | 06/15/34 (a) | 1,300,000 | 1,536,325 |
Transportation Bonds Series 2023BB | 5.25% | 06/15/50 (a) | 2,000,000 | 2,192,647 |
Transportation Program Bonds Series 2015AA | 5.25% | 06/15/41 (a) | 4,050,000 | 4,116,169 |
Transportation Program Bonds Series 2023AA | 4.25% | 06/15/44 (a) | 1,000,000 | 1,013,661 |
Transportation Program Notes Series 2014 BB1 | 5.00% | 06/15/33 (a) | 3,500,000 | 3,806,167 |
Transportation System Bonds Series 2023A | 4.25% | 06/15/40 (a) | 3,000,000 | 3,121,872 |
Transportation System RB Series 2019BB | 5.00% | 06/15/44 (a) | 2,550,000 | 2,663,071 |
New Jersey Turnpike Auth | ||||
RB Series 2022B | 4.25% | 01/01/43 (a) | 1,750,000 | 1,822,860 |
RB Series 2022B | 4.50% | 01/01/48 (a) | 1,500,000 | 1,562,150 |
22,339,705 | ||||
NEW MEXICO 0.1% | ||||
New Mexico Mortgage Finance Auth | ||||
S/F Mortgage RB Series 2018B | 4.00% | 01/01/49 (a) | 795,000 | 790,789 |
NEW YORK 13.7% | ||||
Metropolitan Transportation Auth | ||||
Transportation RB Series 2015A2 | 5.00% | 11/15/45 (a)(e) | 2,845,000 | 3,098,033 |
Transportation RB Series 2020C1 | 4.75% | 11/15/45 (a) | 1,200,000 | 1,235,623 |
Nassau Cnty Local Economic Assistance Corp | ||||
RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/25 (a) | 500,000 | 502,196 |
RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/26 (a) | 250,000 | 250,993 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
New York City | ||||
GO Bonds Fiscal 2015 Series F5 | 3.78% | 06/01/44 (a)(f)(g) | 11,085,000 | 11,085,000 |
GO Bonds Fiscal 2018 Series B4 | 3.78% | 10/01/46 (a)(f)(g) | 2,925,000 | 2,925,000 |
GO Bonds Fiscal 2022 Series A1 | 4.00% | 08/01/38 (a) | 2,000,000 | 2,070,729 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/35 (a) | 2,000,000 | 2,174,585 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/36 (a) | 1,450,000 | 1,569,236 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A2 | 5.00% | 05/01/39 (a) | 5,000,000 | 5,428,894 |
Future Tax Secured Sub Bonds Fiscal 2023 Series F1 | 5.00% | 02/01/45 (a) | 2,500,000 | 2,763,527 |
Future Tax Secured Sub Bonds Fiscal 2024 Series D1 | 5.00% | 11/01/37 (a) | 1,000,000 | 1,175,683 |
Future Tax Secured Sub Bonds Fiscal 2024 Series D1 | 5.00% | 11/01/38 (a) | 3,000,000 | 3,503,272 |
New York Liberty Development Corp | ||||
RB (Goldman Sachs Headquarters) Series 2005 | 3.65% | 10/01/35 (a)(f)(j)(k) | 3,750,000 | 3,750,000 |
New York State Dormitory Auth | ||||
RB (Montefiore Health) Series 2018A | 5.00% | 08/01/28 | 1,700,000 | 1,757,373 |
RB (New York Institute of Technology) Series 2024 | 5.00% | 07/01/40 (a)(b) | 500,000 | 552,109 |
RB (New York Institute of Technology) Series 2024 | 5.00% | 07/01/41 (a)(b) | 600,000 | 658,910 |
RB (Rochester Institute of Technology) Series 2022A | 5.00% | 07/01/39 (a) | 1,000,000 | 1,113,196 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/46 (a) | 5,000,000 | 5,338,439 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/48 (a) | 5,000,000 | 5,323,545 |
New York State Thruway Auth | ||||
General RB Series O | 4.00% | 01/01/40 (a) | 1,865,000 | 1,876,316 |
General RB Series P | 5.00% | 01/01/38 (a) | 500,000 | 582,303 |
New York Transportation Development Corp | ||||
Special Facilities RB (JFK Airport - New Terminal 1) Series 2023 | 5.50% | 06/30/38 (a) | 1,000,000 | 1,103,845 |
Special Facility RB (JFK Airport - Terminal 4) Series 2020A | 5.00% | 12/01/28 | 1,000,000 | 1,064,227 |
Special Facility RB (JFK Airport - Terminal 4) Series 2020A | 5.00% | 12/01/31 (a) | 500,000 | 540,484 |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 221st Series | 5.00% | 07/15/34 (a) | 2,835,000 | 3,104,581 |
Consolidated Bonds 236th Series | 5.00% | 01/15/37 (a) | 1,000,000 | 1,109,410 |
Consolidated Bonds 236th Series | 5.00% | 01/15/38 (a) | 1,000,000 | 1,100,945 |
Sales Tax Asset Receivable Corp | ||||
RB Fiscal 2015 Series A | 5.00% | 10/15/31 (a)(i) | 5,330,000 | 5,392,144 |
Triborough Bridge & Tunnel Auth | ||||
Sales Tax RB Series 2023A | 4.00% | 05/15/48 (a) | 2,000,000 | 1,950,850 |
Sales Tax RB Series 2024A1 | 4.00% | 05/15/54 (a) | 3,000,000 | 2,890,327 |
Sr Lien RB Series 2021A1 | 5.00% | 05/15/51 (a) | 5,000,000 | 5,360,212 |
Westchester Cnty Local Development Corp | ||||
RB (New York Blood Center) Series 2024 | 5.00% | 07/01/35 (a) | 1,000,000 | 1,127,754 |
83,479,741 | ||||
NORTH CAROLINA 2.2% | ||||
Brunswick Cnty | ||||
GO Bonds Series 2018 | 3.20% | 08/01/34 (a) | 2,230,000 | 2,198,766 |
Greater Asheville Regional Airport Auth | ||||
Airport System RB Series 2022A | 5.50% | 07/01/47 (a) | 2,000,000 | 2,201,617 |
Airport System RB Series 2022A | 5.50% | 07/01/52 (a) | 1,500,000 | 1,635,692 |
North Carolina Capital Facilities Finance Agency | ||||
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/25 | 500,000 | 508,465 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/26 | 1,735,000 | 1,783,542 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/30 (a) | 1,000,000 | 1,031,763 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/31 (a) | 1,305,000 | 1,345,385 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/32 (a) | 1,255,000 | 1,293,029 |
North Carolina Medical Care Commission | ||||
Health Care Facilities RB (Presbyterian Homes) Series 2020A | 4.00% | 10/01/35 (a) | 450,000 | 453,356 |
North Carolina Medical Care Commission Retirement Facilities | ||||
Retirement Facilities 1st Mortgage RB (United Methodist Retirement Homes) Series 2024A | 5.13% | 10/01/54 (a)(b) | 1,000,000 | 1,043,596 |
13,495,211 | ||||
NORTH DAKOTA 0.1% | ||||
West Fargo | ||||
Refunding Bonds Series 2019B | 4.00% | 05/01/25 | 400,000 | 403,339 |
Refunding Bonds Series 2019B | 4.00% | 05/01/26 | 465,000 | 474,234 |
877,573 | ||||
OHIO 1.5% | ||||
Buckeye Tobacco Settlement Financing Auth | ||||
Tobacco Settlement Refunding Bonds Series 2020A-2 | 5.00% | 06/01/34 (a) | 5,000,000 | 5,463,888 |
Cleveland | ||||
Airport System RB Series 2019B | 5.00% | 01/01/26 | 1,045,000 | 1,070,446 |
Columbus | ||||
ULT GO Bonds Series 2017A | 3.15% | 04/01/35 (a) | 2,500,000 | 2,462,661 |
Northeast Ohio Medical Univ | ||||
General Refunding RB Series 2021A | 5.00% | 12/01/25 | 200,000 | 203,678 |
9,200,673 | ||||
OKLAHOMA 0.2% | ||||
Norman Regional Hospital Auth | ||||
Hospital RB Series 2019 | 5.00% | 09/01/45 (a) | 1,050,000 | 1,059,748 |
Oklahoma Development Finance Auth | ||||
Lease RB Series 2014A | 4.00% | 06/01/27 (a) | 29,000 | 29,045 |
1,088,793 | ||||
OREGON 1.4% | ||||
Forest Grove | ||||
Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/24 | 250,000 | 250,370 |
Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/25 | 145,000 | 146,558 |
Gresham-Barlow SD #10Jt | ||||
GO Bonds Series 2019 | 0.00% | 06/15/34 (a)(f)(h) | 300,000 | 198,137 |
GO Bonds Series 2019 | 0.00% | 06/15/35 (a)(f)(h) | 265,000 | 166,613 |
GO Bonds Series 2019 | 0.00% | 06/15/36 (a)(f)(h) | 420,000 | 249,226 |
GO Bonds Series 2019 | 0.00% | 06/15/37 (a)(f)(h) | 500,000 | 279,804 |
Lane Cnty SD | ||||
GO Bonds Series 2023 | 0.00% | 06/15/38 (a)(f)(h) | 750,000 | 405,051 |
Port of Portland Airport | ||||
Airport RB Series 27A | 4.00% | 07/01/39 (a) | 2,000,000 | 1,997,007 |
Seaside | ||||
Transient Lodging Tax RB Series 2018 | 5.00% | 12/15/37 (a) | 1,875,000 | 2,016,516 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Umatilla SD #6R | ||||
GO Bonds Series 2017 | 5.00% | 06/15/29 (a)(f) | 340,000 | 365,346 |
GO Bonds Series 2017 | 5.00% | 06/15/30 (a)(f) | 300,000 | 321,923 |
GO Bonds Series 2017 | 5.00% | 06/15/32 (a)(f) | 350,000 | 375,074 |
GO Bonds Series 2017 | 5.00% | 06/15/33 (a)(f) | 520,000 | 557,050 |
GO Bonds Series 2017 | 5.00% | 06/15/34 (a)(f) | 350,000 | 374,653 |
GO Bonds Series 2017 | 5.00% | 06/15/35 (a)(f) | 410,000 | 437,943 |
GO Bonds Series 2023B | 0.00% | 06/15/53 (a)(f)(h) | 1,600,000 | 379,638 |
8,520,909 | ||||
PENNSYLVANIA 3.9% | ||||
Lancaster Cnty Hospital Auth | ||||
RB (Penn State Health) Series 2021 | 5.00% | 11/01/46 (a) | 1,000,000 | 1,044,307 |
Montgomery Cnty Higher Education & Health Auth | ||||
RB Series 2022B | 5.00% | 05/01/32 | 700,000 | 780,345 |
Pennsylvania Economic Development Financing Auth | ||||
Solid Waste Disposal RB (Republic Services Inc) Series 2019B | 4.00% | 04/01/49 (a) | 5,000,000 | 4,998,253 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2014A | 5.00% | 12/01/44 (a) | 3,000,000 | 3,023,912 |
RB Series 2022B | 5.00% | 12/01/47 (a) | 1,000,000 | 1,096,786 |
RB Series 2022B | 5.25% | 12/01/52 (a) | 750,000 | 828,505 |
Sub RB Series 2021B | 4.00% | 12/01/51 (a) | 3,400,000 | 3,259,409 |
Philadelphia | ||||
GO Refunding Bonds Series 2017 | 5.00% | 08/01/24 | 1,000,000 | 1,006,690 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/25 | 745,000 | 764,400 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/26 | 1,000,000 | 1,046,468 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/27 | 500,000 | 534,783 |
Philadelphia Redevelopment Auth Financing Corp | ||||
RB Series 2023B | 5.00% | 09/01/43 (a) | 3,000,000 | 3,250,648 |
Pocono Mountains Park Auth | ||||
Hospital RB (St Luke’s Hospital) Series 2015A | 5.00% | 08/15/40 (a) | 2,000,000 | 2,018,082 |
23,652,588 | ||||
PUERTO RICO 0.6% | ||||
Puerto Rico Sales Tax Financing Corp | ||||
Restructured Sales Tax Bonds Series 2019A1 | 5.00% | 07/01/58 (a) | 3,321,000 | 3,345,901 |
RHODE ISLAND 0.3% | ||||
Rhode Island Health & Educational Building Corp | ||||
Hospital Financing RB (Lifespan Obligated Group) Series 2024 | 5.00% | 05/15/38 (a) | 750,000 | 826,983 |
Hospital Financing RB (Lifespan Obligated Group) Series 2024 | 5.00% | 05/15/39 (a) | 600,000 | 658,089 |
Hospital Financing RB (Lifespan Obligated Group) Series 2024 | 5.00% | 05/15/44 (a) | 565,000 | 604,722 |
2,089,794 | ||||
SOUTH CAROLINA 0.7% | ||||
South Carolina Public Service Auth | ||||
Refunding RB Series 2020A | 4.00% | 12/01/40 (a) | 4,000,000 | 3,933,215 |
Refunding RB Series 2022A | 5.00% | 12/01/29 | 500,000 | 550,264 |
4,483,479 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
SOUTH DAKOTA 0.4% | ||||
Clay Cnty | ||||
GO Bonds Series 2023 | 4.25% | 12/01/48 (a) | 1,000,000 | 1,003,863 |
Sioux Falls SD #49-5 | ||||
LT Capital Outlay Refunding Certificates Series 2017A | 3.00% | 08/01/28 (a) | 150,000 | 150,850 |
LT Capital Outlay Refunding Certificates Series 2017B | 3.00% | 08/01/28 (a) | 325,000 | 326,842 |
South Dakota Health & Educational Facilities Auth | ||||
RB Series 2015 | 5.00% | 11/01/26 (a) | 1,000,000 | 1,030,821 |
2,512,376 | ||||
TENNESSEE 1.1% | ||||
Chattanooga-Hamilton Cnty Hospital Auth | ||||
Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/24 | 600,000 | 604,200 |
Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/25 (a) | 950,000 | 956,562 |
Metro Government of Nashville & Davidson Cnty Health & Educational Facilities Board | ||||
Educational Facilities RB (Belmont Univ) Series 2023 | 5.25% | 05/01/48 (a) | 1,500,000 | 1,632,864 |
Metropolitan Nashville Airport Auth | ||||
RB Series 2022B | 5.25% | 07/01/47 (a) | 1,500,000 | 1,613,972 |
RB Series 2022B | 5.50% | 07/01/52 (a) | 1,250,000 | 1,363,077 |
Tennessee Housing Development Agency Home Ownership | ||||
Residential Finance Program Bonds Series 2023-3A | 6.25% | 01/01/54 (a) | 500,000 | 547,541 |
6,718,216 | ||||
TEXAS 14.7% | ||||
Austin | ||||
Airport System RB Series 2022 | 5.00% | 11/15/32 | 500,000 | 561,678 |
Airport System RB Series 2022 | 5.00% | 11/15/33 (a) | 750,000 | 841,913 |
Airport System RB Series 2022 | 5.25% | 11/15/47 (a) | 2,500,000 | 2,697,019 |
Central Texas Regional Mobility Auth | ||||
Sr Lien RB Series 2015A | 5.00% | 01/01/27 (a) | 1,100,000 | 1,124,604 |
Sr Lien RB Series 2015A | 5.00% | 01/01/30 (a)(i) | 1,520,000 | 1,557,910 |
City of Alvin | ||||
Water & Sewer System RB Series 2023 | 4.00% | 02/01/37 (a)(f) | 1,105,000 | 1,147,079 |
Clear Creek ISD | ||||
ULT GO Refunding Bonds Series 2015A | 4.00% | 02/15/33 (a)(f) | 750,000 | 753,777 |
Collin Cnty CCD | ||||
LT Bonds Series 2018 | 5.00% | 08/15/24 | 4,900,000 | 4,939,490 |
Corpus Christi | ||||
Utility System Jr Lien RB Series 2022B | 5.00% | 07/15/47 (a) | 4,000,000 | 4,350,943 |
Dallas | ||||
Sr Lien Special Tax RB (Kay Bailey Hutchison Convention Center) Series 2023 | 6.00% | 08/15/53 (a) | 5,000,000 | 5,068,571 |
Denton ISD | ||||
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(f)(i) | 285,000 | 283,507 |
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(f)(i) | 270,000 | 268,585 |
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(f) | 220,000 | 218,715 |
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(f) | 1,225,000 | 1,217,256 |
Donna ISD | ||||
ULT Refunding Bonds Series 2019 | 5.00% | 02/15/27 (f) | 775,000 | 821,889 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Falls City ISD | ||||
ULT GO Bonds Series 2014 | 5.00% | 08/15/30 (a)(f) | 930,000 | 931,232 |
Galveston | ||||
1st Lien RB Series 2023 | 6.00% | 08/01/43 (a) | 1,250,000 | 1,406,217 |
Garland ISD | ||||
ULT GO Bonds Series 2023A | 5.00% | 02/15/39 (a)(f) | 2,000,000 | 2,287,714 |
Greater Texoma Utility Auth | ||||
RB Series 2023A | 4.38% | 10/01/53 (a) | 2,000,000 | 1,982,980 |
RB Series 2024 | 5.00% | 10/01/33 | 2,000,000 | 2,350,531 |
Harris Cnty Cultural Education Facilities Finance Corp | ||||
Medical Facilities RB (Baylor College of Medicine) Series 2024A | 5.00% | 05/15/29 (a) | 2,000,000 | 2,198,163 |
RB (Houston Methodist) Series 2020B | 3.75% | 12/01/59 (a)(g) | 2,800,000 | 2,800,000 |
Houston | ||||
Sub Lien Refunding RB Series 2018A | 5.00% | 07/01/25 | 1,000,000 | 1,015,939 |
Krum ISD | ||||
ULT GO Bonds Series 2024 | 4.25% | 08/15/54 (a)(f) | 2,750,000 | 2,724,485 |
Lower Colorado River Auth | ||||
Refunding RB (LCRA Transmission Services) Series 2016 | 5.00% | 05/15/46 (a) | 3,915,000 | 4,008,759 |
Lubbock | ||||
Electric Light & Power System Refunding RB Series 2023 | 5.00% | 04/15/38 (a) | 300,000 | 340,853 |
McKinney | ||||
Waterworks & Sewer System RB Series 2022 | 5.00% | 03/15/38 (a) | 1,090,000 | 1,231,766 |
Newark Higher Education Finance Corp | ||||
Education RB (Orenda) Series 2023A | 5.00% | 08/15/43 (a)(f) | 1,865,000 | 2,060,159 |
Education RB (Orenda) Series 2023A | 4.00% | 08/15/48 (a)(f) | 1,000,000 | 954,831 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/37 (a)(f) | 500,000 | 569,576 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/42 (a)(f) | 600,000 | 665,264 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/47 (a)(f) | 680,000 | 729,542 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/52 (a)(f) | 500,000 | 531,785 |
Nixon-Smiley Consolidated ISD | ||||
ULT GO Bonds Series 2023 | 4.25% | 08/15/53 (a)(f) | 1,280,000 | 1,280,498 |
North East Texas Regional Mobility Auth | ||||
Sr Lien RB Series 2016A | 5.00% | 01/01/46 (a) | 3,000,000 | 3,024,254 |
Northside ISD | ||||
ULT GO Bonds Series 2019 | 1.60% | 08/01/49 (a)(e)(f) | 2,915,000 | 2,891,894 |
Prosper ISD | ||||
ULT GO Bonds Series 2019B | 4.00% | 02/15/50 (a)(f) | 2,500,000 | 2,534,468 |
San Antonio | ||||
Electric & Gas Systems Jr Lien RB Series 2014 | 5.00% | 02/01/44 (a) | 1,290,000 | 1,290,466 |
GO Bonds Series 2023 | 4.00% | 02/01/42 (a) | 2,000,000 | 2,049,014 |
Sinton ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 08/15/52 (a)(f) | 3,000,000 | 3,018,838 |
Spring Branch ISD | ||||
ULT GO Refunding Bonds Series 2015B | 4.00% | 02/01/33 (a)(f) | 3,000,000 | 3,014,524 |
Spring ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/15/24 | 750,000 | 755,944 |
ULT GO Bonds Series 2023 | 5.00% | 08/15/25 | 1,500,000 | 1,540,315 |
Tarrant Cnty Cultural Education Facilities Finance Corp | ||||
Hospital RB (Baylor Scott & White) Series 2022D | 5.00% | 11/15/51 (a) | 1,000,000 | 1,055,174 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Texas City ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 08/15/53 (a)(f) | 2,000,000 | 1,934,641 |
Texas Dept of Housing & Community Affairs | ||||
Residential Mortgage RB Series 2019A | 4.75% | 01/01/49 (a) | 970,000 | 977,054 |
S/F Mortgage RB Series 2018A | 4.75% | 03/01/49 (a) | 660,000 | 664,612 |
Texas Municipal Gas Corp III | ||||
Gas Supply Refunding RB Series 2021 | 5.00% | 12/15/31 | 1,250,000 | 1,323,838 |
Texas State Affordable Housing Corp Heroes 2019 Program | ||||
S/F Mortgage RB Series 2019A | 4.25% | 03/01/49 (a) | 600,000 | 599,440 |
Texas Transportation Corp | ||||
Sr Lien RB (NTE Mobility Partners) Series 2023 | 5.50% | 12/31/58 (a) | 1,835,000 | 2,019,893 |
Texas Water Dev Brd | ||||
RB Series 2016 | 4.00% | 10/15/30 (a) | 3,900,000 | 3,992,109 |
Waxahachie | ||||
Tax & Revenue Certificates of Obligation Series 2023 | 4.13% | 08/01/41 (a) | 400,000 | 413,415 |
Tax & Revenue Certificates of Obligation Series 2023 | 4.25% | 08/01/42 (a) | 500,000 | 519,446 |
Tax & Revenue Certificates of Obligation Series 2023 | 4.25% | 08/01/43 (a) | 500,000 | 517,029 |
90,059,598 | ||||
UTAH 0.1% | ||||
Utah Board of Regents | ||||
Student Building Fee RB Series 2018 | 5.00% | 03/01/27 (a) | 360,000 | 366,234 |
Student Building Fee RB Series 2018 | 5.00% | 03/01/28 (a) | 425,000 | 431,943 |
798,177 | ||||
VERMONT 0.5% | ||||
Vermont HFA | ||||
Multiple Purpose Bonds Series 2017D | 4.00% | 05/01/48 (a) | 290,000 | 288,780 |
Multiple Purpose Bonds Series 2018A | 4.00% | 11/01/48 (a) | 1,780,000 | 1,771,673 |
Multiple Purpose Bonds Series 2018C | 4.75% | 11/01/48 (a) | 975,000 | 979,183 |
3,039,636 | ||||
VIRGINIA 0.1% | ||||
Lynchburg Economic Development Auth | ||||
Hospital Refunding RB (Centra Health) Series 2021 | 4.00% | 01/01/40 (a) | 580,000 | 581,181 |
WASHINGTON 2.5% | ||||
Central Puget Sound Regional Transit Auth | ||||
Sales & Motor Vehicle Excise Tax RB Series 2016S1 | 5.00% | 11/01/46 | 2,250,000 | 2,669,123 |
King Cnty Public Hospital District #2 | ||||
LT GO Refunding Bonds (EvergreenHealth) Series 2015 | 5.00% | 12/01/24 | 485,000 | 491,529 |
King Cnty SD #403 Renton | ||||
ULT GO Bond Series 2023 | 4.00% | 12/01/41 (a)(f) | 1,000,000 | 1,013,198 |
Moses Lake SD #161 | ||||
ULT GO Bonds Series 2018 | 5.00% | 12/01/34 (a)(f) | 1,000,000 | 1,088,122 |
ULT GO Bonds Series 2018 | 5.00% | 12/01/35 (a)(f) | 1,250,000 | 1,358,379 |
Port of Bellingham | ||||
Refunding RB 2019 | 5.00% | 12/01/27 | 500,000 | 539,437 |
Refunding RB 2019 | 5.00% | 12/01/28 | 460,000 | 506,638 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Refunding RB 2019 | 5.00% | 12/01/29 (a) | 500,000 | 555,173 |
Refunding RB 2019 | 5.00% | 12/01/30 (a) | 625,000 | 693,992 |
Skagit Cnty Hospital District No 1 | ||||
Hospital RB Series 2024 | 5.50% | 12/01/38 (a) | 300,000 | 332,617 |
Hospital RB Series 2024 | 5.50% | 12/01/39 (a) | 500,000 | 553,063 |
Tukwila SD #406 | ||||
ULT GO Series 2018 | 5.00% | 12/01/37 (a)(f) | 2,830,000 | 3,072,044 |
Washington Health Care Facilities Auth | ||||
RB (Overlake Hospital) Series 2014 | 5.00% | 07/01/29 (a) | 780,000 | 782,299 |
Refunding RB (Overlake Hospital) Series 2017B | 5.00% | 07/01/32 (a) | 1,845,000 | 1,906,473 |
15,562,087 | ||||
WEST VIRGINIA 0.5% | ||||
West Virginia Hospital Finance Auth | ||||
Hospital RB (West Virginia Univ Health System) Series 2023A | 4.25% | 06/01/47 (a) | 2,000,000 | 2,027,612 |
Hospital Revenue & Refunding Bonds (Vandalia Health) Series 2023B | 6.00% | 09/01/48 (a) | 1,000,000 | 1,152,003 |
3,179,615 | ||||
WISCONSIN 1.8% | ||||
Wisconsin Center District | ||||
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/34 (a)(h) | 1,820,000 | 1,227,963 |
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/35 (a)(h) | 2,900,000 | 1,857,071 |
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/36 (a)(h) | 3,000,000 | 1,822,218 |
Wisconsin Health & Educational Facilities Auth | ||||
RB (Fort HealthCare Inc) Series 2024B | 5.00% | 10/01/54 (a)(b) | 2,500,000 | 2,809,025 |
RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/31 (a)(i) | 1,000,000 | 1,069,385 |
RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/32 (a)(i) | 1,025,000 | 1,096,120 |
RB (UnityPoint Health) Series 2014A | 5.00% | 12/01/24 (a) | 1,000,000 | 1,008,702 |
10,890,484 | ||||
WYOMING 0.1% | ||||
Laramie Cnty | ||||
Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/34 (a) | 495,000 | 507,791 |
Total Municipal Securities (Cost $608,609,160) | 614,175,508 | |||
Total Investments in Securities (Cost $608,609,160) | 614,175,508 |
(a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(b) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(c) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(d) | Variable rate security; rate shown is effective rate at period end. |
(e) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
(f) | Credit-enhanced or liquidity-enhanced. |
(g) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
(h) | Zero coupon bond. |
(i) | Refunded bond. |
(j) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $3,750,000 or 0.6% of net assets. |
(k) | TOB is a synthetically created VRDN where the owner of a long-term bond places the bond in a trust in combination with a liquidity facility. The trust then sells certificates which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
HFA — | Housing finance agency/authority |
IDA — | Industrial development agency/authority |
IDRB — | Industrial development revenue bond |
ISD — | Independent school district |
LT — | Limited tax |
M/F — | Multi-family |
PFC — | Passenger facility charge |
RB — | Revenue bond |
S/F — | Single-family |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
TOB — | Tender option bond |
ULT — | Unlimited tax |
USD — | Unified school district |
VRDN — | Variable rate demand note |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $614,175,508 | $— | $614,175,508 |
Total | $— | $614,175,508 | $— | $614,175,508 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $608,609,160) | $614,175,508 | |
Cash | 1,737 | |
Receivables: | ||
Interest | 6,278,052 | |
Fund shares sold | 287,855 | |
Prepaid expenses | + | 43,742 |
Total assets | 620,786,894 | |
Liabilities | ||
Payables: | ||
Investments bought - delayed-delivery | 6,591,843 | |
Fund shares redeemed | 1,356,294 | |
Distributions to shareholders | 827,476 | |
Investment adviser fees | 96,337 | |
Shareholder service fees | 70,387 | |
Accrued expenses | + | 93,483 |
Total liabilities | 9,035,820 | |
Net assets | $611,751,074 | |
Net Assets by Source | ||
Capital received from investors | $637,920,142 | |
Total distributable loss | + | (26,169,068 ) |
Net assets | $611,751,074 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$611,751,074 | 55,416,902 | $11.04 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $10,497,066 | |
Expenses | ||
Investment adviser and administrator fees | 610,438 | |
Shareholder service fees | 403,228 | |
Portfolio accounting fees | 47,598 | |
Registration fees | 23,120 | |
Professional fees | 20,027 | |
Shareholder reports | 9,277 | |
Independent trustees’ fees | 5,720 | |
Custodian fees | 5,005 | |
Transfer agent fees | 980 | |
Other expenses | + | 4,624 |
Total expenses | 1,130,017 | |
Expense reduction | – | 74,057 |
Net expenses | – | 1,055,960 |
Net investment income | 9,441,106 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (4,161,116 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 14,075,519 |
Net realized and unrealized gains | 9,914,403 | |
Increase in net assets resulting from operations | $19,355,509 |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $9,441,106 | $16,377,641 | |
Net realized losses | (4,161,116 ) | (11,180,748 ) | |
Net change in unrealized appreciation (depreciation) | + | 14,075,519 | 6,900,206 |
Increase in net assets resulting from operations | $19,355,509 | $12,097,099 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($9,429,945 ) | ($16,403,324 ) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 15,152,386 | $165,387,560 | 27,440,783 | $296,820,374 | |
Shares reinvested | 472,043 | 5,114,203 | 905,527 | 9,830,758 | |
Shares redeemed | + | (10,645,090 ) | (114,605,527 ) | (27,592,294 ) | (299,408,696 ) |
Net transactions in fund shares | 4,979,339 | $55,896,236 | 754,016 | $7,242,436 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 50,437,563 | $545,929,274 | 49,683,547 | $542,993,063 | |
Total increase | + | 4,979,339 | 65,821,800 | 754,016 | 2,936,211 |
End of period | 55,416,902 | $611,751,074 | 50,437,563 | $545,929,274 |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $10.91 | $11.01 | $12.24 | $12.26 | $12.23 | $11.69 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.16 | 0.28 | 0.21 | 0.20 | 0.24 | 0.29 |
Net realized and unrealized gains (losses) | 0.23 | (0.10 ) | (1.17 ) | 0.07 | 0.07 | 0.54 |
Total from investment operations | 0.39 | 0.18 | (0.96 ) | 0.27 | 0.31 | 0.83 |
Less distributions: | ||||||
Distributions from net investment income | (0.16 ) | (0.28 ) | (0.21 ) | (0.20 ) | (0.24 ) | (0.29 ) |
Distributions from net realized gains | — | — | (0.06 ) | (0.09 ) | (0.04 ) | — |
Total distributions | (0.16 ) | (0.28 ) | (0.27 ) | (0.29 ) | (0.28 ) | (0.29 ) |
Net asset value at end of period | $11.14 | $10.91 | $11.01 | $12.24 | $12.26 | $12.23 |
Total return | 3.64 %2 | 1.65 % | (7.97 %) | 2.25 % | 2.54 % | 7.19 % |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Net operating expenses | 0.38 %3 | 0.38 % | 0.48 %4,5 | 0.49 % | 0.49 % | 0.49 % |
Gross operating expenses | 0.41 %3 | 0.41 % | 0.56 %5 | 0.58 % | 0.58 % | 0.60 % |
Net investment income (loss) | 3.00 %3 | 2.55 % | 1.78 % | 1.64 % | 1.97 % | 2.42 % |
Portfolio turnover rate | 41 %2 | 65 % | 67 % | 43 % | 78 % | 75 % |
Net assets, end of period (x 1,000) | $437,500 | $399,865 | $419,849 | $504,491 | $488,458 | $487,502 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022, is a blended ratio. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 99.4% OF NET ASSETS | ||||
CALIFORNIA 96.9% | ||||
Alameda Corridor Transportation Auth | ||||
2nd Sub Lien Refunding RB Series 2022C | 5.00% | 10/01/52 (a) | 2,500,000 | 2,707,304 |
Sr Lien Refunding RB Series 2022A | 0.00% | 10/01/50 (a)(b) | 3,000,000 | 1,626,598 |
Sr Lien Refunding RB Series 2024A | 0.00% | 10/01/52 (a)(c) | 1,000,000 | 262,535 |
Sr Lien Refunding RB Series 2024A | 0.00% | 10/01/53 (a)(c) | 1,000,000 | 248,736 |
Sub Lien Refunding RB Series 2024C | 0.00% | 10/01/49 (a)(c) | 1,000,000 | 295,117 |
Sub Lien Refunding RB Series 2024C | 0.00% | 10/01/53 (a)(c) | 1,000,000 | 233,571 |
Alhambra USD | ||||
GO Bonds Series B | 5.25% | 08/01/48 (a) | 1,000,000 | 1,139,684 |
American Canyon Finance Auth | ||||
Refunding RB Series 2015 | 5.00% | 09/02/25 | 690,000 | 710,374 |
Banning Financing Auth | ||||
Electric System Refunding RB Series 2015 | 5.00% | 06/01/27 (a) | 650,000 | 667,954 |
Bay Area Toll Auth | ||||
Toll Bridge RB Series 2017H | 2.13% | 04/01/53 (a)(d) | 3,000,000 | 2,949,247 |
Toll Bridge RB Series 2023B | 3.70% | 04/01/55 (a)(e)(f) | 3,880,000 | 3,880,000 |
Beverly Hills USD | ||||
GO Bonds Series 2009 | 0.00% | 08/01/26 (c) | 555,000 | 517,591 |
GO Bonds Series 2017 | 0.00% | 08/01/34 (a)(c) | 7,705,000 | 5,169,091 |
Burbank USD | ||||
GO Bonds Series 1997C | 0.00% | 08/01/24 (c) | 3,000,000 | 2,960,006 |
California | ||||
GO Bonds | 5.00% | 10/01/26 (a) | 5,000 | 5,006 |
GO Bonds | 5.00% | 09/01/39 (a) | 1,250,000 | 1,445,024 |
GO Bonds | 5.00% | 05/01/44 (a) | 2,525,000 | 2,528,458 |
GO Bonds | 5.00% | 10/01/45 (a) | 1,420,000 | 1,615,641 |
GO Refunding Bonds | 5.00% | 10/01/25 | 5,000,000 | 5,165,173 |
GO Refunding Bonds | 5.00% | 04/01/30 | 1,055,000 | 1,207,225 |
GO Refunding Bonds | 5.25% | 08/01/32 | 3,250,000 | 3,883,088 |
GO Refunding Bonds | 5.00% | 08/01/34 (a) | 3,500,000 | 3,589,371 |
GO Refunding Bonds | 4.00% | 03/01/36 (a) | 1,395,000 | 1,487,714 |
GO Refunding Bonds | 5.00% | 10/01/36 (a) | 2,000,000 | 2,376,398 |
GO Refunding Bonds Series 2016 | 5.00% | 09/01/29 (a) | 1,290,000 | 1,362,252 |
GO Refunding Bonds Series 2017 | 5.00% | 08/01/32 (a) | 2,000,000 | 2,101,256 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
California Cnty Tobacco Securitization Agency | ||||
Tobacco Settlement (Gold Country) Sr Refunding Bonds Series 2020A | 4.00% | 06/01/37 (a) | 1,095,000 | 1,128,200 |
Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/37 (a) | 310,000 | 318,774 |
Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/38 (a) | 340,000 | 347,906 |
Tobacco Settlement (Los Angeles Cnty Securitization) Sr RB Series 2020A | 4.00% | 06/01/49 (a) | 1,000,000 | 975,091 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/24 | 210,000 | 210,773 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/26 | 225,000 | 233,875 |
California Community Choice Financing Auth | ||||
Clean Energy RB Series 2023D | 5.50% | 05/01/54 (a) | 6,000,000 | 6,383,566 |
RB (Deutsche Bank) Series 2023C | 5.25% | 01/01/54 (a) | 3,750,000 | 3,969,265 |
RB Series 2022A1 | 4.00% | 05/01/53 (a) | 5,000,000 | 5,031,637 |
RB Series 2023F | 5.50% | 10/01/54 (a) | 4,200,000 | 4,603,630 |
RB Series 2023G1 | 5.25% | 11/01/54 (a) | 2,000,000 | 2,135,365 |
California Educational Facilities Auth | ||||
RB (Art Center College of Design) Series 2018A | 5.00% | 12/01/35 (a) | 1,250,000 | 1,329,180 |
RB (Santa Clara Univ) Series 2015 | 5.00% | 04/01/45 (a) | 2,000,000 | 2,031,556 |
RB (St Marys College) Series 2023A | 5.25% | 10/01/44 (a) | 665,000 | 705,193 |
RB (University of Redlands) Series 2022A | 5.00% | 10/01/44 (a) | 2,000,000 | 2,085,345 |
California Health Facilities Financing Auth | ||||
RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (a)(d) | 2,560,000 | 2,560,000 |
RB (CommonSpirit Health) Series 2020A | 4.00% | 04/01/38 (a) | 2,500,000 | 2,531,068 |
RB (CommonSpirit Health) Series 2020A | 4.00% | 04/01/45 (a) | 3,000,000 | 2,912,807 |
RB (Episcopal Communities & Services) Series 2024A | 3.85% | 11/15/27 (a) | 1,300,000 | 1,302,911 |
RB (Episcopal Communities & Services) Series 2024B | 5.25% | 11/15/58 (a) | 500,000 | 526,966 |
RB (Kaiser Permanente) Series 2017A2 | 4.00% | 11/01/44 (a) | 2,000,000 | 1,987,089 |
RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/40 (a) | 650,000 | 691,358 |
RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/50 (a) | 1,000,000 | 1,037,853 |
RB (Scripps Health) Series 2024B1 | 5.00% | 11/15/61 (a) | 2,000,000 | 2,208,823 |
Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/25 (a)(e) | 200,000 | 202,561 |
Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/28 (a)(e) | 800,000 | 813,578 |
California Infrastructure & Economic Development Bank | ||||
RB (Brightline West Passenger Rail) Series 2020A | 3.95% | 01/01/50 (a) | 6,000,000 | 5,999,696 |
RB Series 2021B | 4.00% | 11/01/38 (a) | 600,000 | 608,476 |
RB Series 2021B | 4.00% | 11/01/40 (a) | 650,000 | 654,292 |
Refunding RB (Academy of Motion Picture Arts & Sciences) Series 2023A | 4.00% | 11/01/41 (a) | 2,000,000 | 2,075,213 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 4.00% | 12/01/37 (a) | 475,000 | 486,351 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/39 (a) | 1,000,000 | 1,093,403 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/41 (a) | 995,000 | 1,079,832 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/29 (a) | 250,000 | 261,305 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/30 (a) | 330,000 | 345,277 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/31 (a) | 350,000 | 366,441 |
California Municipal Finance Auth | ||||
COP Series 2022A | 5.00% | 11/01/27 | 100,000 | 107,119 |
COP Series 2022A | 5.00% | 11/01/28 | 115,000 | 125,602 |
COP Series 2022A | 5.00% | 11/01/29 | 125,000 | 139,033 |
COP Series 2022A | 5.00% | 11/01/30 | 100,000 | 113,053 |
COP Series 2022A | 5.25% | 11/01/52 (a) | 2,000,000 | 2,243,492 |
Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/27 (e) | 350,000 | 376,259 |
Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/34 (a)(e) | 1,040,000 | 1,116,884 |
RB (Community Health System) Series 2021A | 5.00% | 02/01/35 (a) | 750,000 | 826,764 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB (Inland Christian Home) Series 2020 | 4.00% | 12/01/39 (a)(e) | 500,000 | 510,042 |
RB (National Univ) Series 2019A | 5.00% | 04/01/26 | 650,000 | 676,531 |
RB (National Univ) Series 2019A | 5.00% | 04/01/27 | 1,100,000 | 1,173,112 |
RB (Samuel Merritt Univ) Series 2022 | 5.25% | 06/01/53 (a) | 2,000,000 | 2,154,452 |
RB (Univ of La Verne) Series 2017A | 5.00% | 06/01/29 (a) | 1,000,000 | 1,060,098 |
Refunding RB (Aldersly) Series 2023A | 5.00% | 05/15/53 (a)(e) | 2,500,000 | 2,717,817 |
Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/27 | 600,000 | 627,219 |
Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/30 (a) | 1,150,000 | 1,202,463 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/29 (a) | 655,000 | 663,149 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/30 (a) | 750,000 | 759,994 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/31 (a) | 500,000 | 506,433 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/29 (a)(e) | 250,000 | 270,757 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/31 (a)(e) | 575,000 | 621,784 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/32 (a)(e) | 250,000 | 270,130 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/33 (a)(e) | 250,000 | 270,009 |
Refunding RB (Southwestern Law School) Series 2021 | 4.00% | 11/01/34 (a) | 260,000 | 263,951 |
Refunding RB (Southwestern Law School) Series 2021 | 4.00% | 11/01/35 (a) | 270,000 | 272,854 |
Solid Waste Disposal Refunding RB Series 2021A | 4.70% | 07/01/41 (a) | 1,000,000 | 1,000,238 |
Special Tax RB (Bold Program) Series 2023B | 5.75% | 09/01/53 (a) | 1,000,000 | 1,051,104 |
Sr RB (Caritas Projects) Series 2023A | 5.25% | 08/15/53 (a) | 900,000 | 940,256 |
California Pollution Control Financing Auth | ||||
Solid Waste Disposal RB (Republic Services Inc) Series 2017 | 4.00% | 11/01/42 (a) | 2,000,000 | 1,999,301 |
California Public Finance Auth | ||||
RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/33 (a) | 425,000 | 433,932 |
RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/47 (a) | 600,000 | 601,279 |
RB (Sharp Healthcare) Series 2017C | 3.70% | 08/01/52 (a)(e)(f) | 8,765,000 | 8,765,000 |
California Public Works Board | ||||
Lease RB Series 2014B | 5.00% | 10/01/24 | 1,000,000 | 1,010,991 |
Lease Refunding RB Series 2022C | 5.00% | 08/01/35 (a) | 2,865,000 | 3,334,547 |
California School Finance Auth | ||||
School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/24 | 165,000 | 165,432 |
School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/37 (a) | 590,000 | 605,686 |
California State Univ | ||||
RB Series 2015A | 5.00% | 11/01/37 (a) | 2,500,000 | 2,579,289 |
RB Series 2016B3 | 3.13% | 11/01/51 (a) | 2,200,000 | 2,204,259 |
California Statewide Communities Development Auth | ||||
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/31 (a) | 1,700,000 | 1,794,493 |
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/33 (a) | 1,355,000 | 1,428,427 |
Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A | 5.00% | 11/15/37 (a)(e) | 735,000 | 818,471 |
Pollution Control Refunding RB (Southern California Edison) Series 2006C | 4.50% | 11/01/33 | 1,500,000 | 1,616,610 |
RB (Adventist Health System West) Series 2018A | 5.00% | 03/01/48 (a) | 1,765,000 | 1,809,559 |
RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (a) | 2,500,000 | 2,556,367 |
RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/30 (a) | 800,000 | 827,455 |
RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/32 (a) | 700,000 | 722,673 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/29 (a)(e) | 300,000 | 331,039 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/30 (a)(e) | 235,000 | 258,843 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/32 (a)(e) | 900,000 | 990,005 |
RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/35 (a)(e) | 275,000 | 286,027 |
RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/36 (a)(e) | 425,000 | 440,402 |
Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/30 (a) | 500,000 | 511,962 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/32 (a) | 1,250,000 | 1,278,131 |
Refunding RB (Odd Fellows Home) Series 2023A | 5.00% | 04/01/24 (e) | 400,000 | 400,456 |
Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/33 (a) | 1,075,000 | 1,188,440 |
Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/36 (a) | 1,475,000 | 1,617,124 |
California Statewide Communities Development Auth District 2021-02 | ||||
Special Tax Bonds Series 2023 | 5.00% | 09/01/53 (a) | 1,800,000 | 1,873,823 |
Cathedral City Successor Redevelopment Agency | ||||
Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/24 | 650,000 | 650,712 |
Chaffey Joint UHSD | ||||
GO Bonds Series 2012G | 0.00% | 08/01/37 (a)(c) | 1,000,000 | 578,523 |
GO Bonds Series 2012G | 0.00% | 08/01/38 (a)(c) | 500,000 | 273,606 |
GO Bonds Series 2012G | 0.00% | 08/01/41 (a)(c) | 1,500,000 | 695,465 |
GO Bonds Series 2012G | 0.00% | 08/01/42 (a)(c) | 1,000,000 | 439,996 |
Clovis | ||||
Wastewater Refunding RB Series 2015 | 5.25% | 08/01/30 (a) | 1,060,000 | 1,099,750 |
Compton CCD | ||||
GO Bonds Series 2024B | 4.00% | 08/01/42 (a)(g) | 970,000 | 1,010,967 |
Compton USD | ||||
GO Refunding Bonds Series 2016F | 5.50% | 06/01/28 (a) | 250,000 | 266,858 |
GO Refunding Bonds Series 2016F | 5.50% | 06/01/30 (a) | 500,000 | 533,987 |
GO Refunding Bonds Series 2016F | 5.50% | 06/01/31 (a) | 750,000 | 801,150 |
Corona-Norco USD | ||||
GO Bonds Series 1998D | 0.00% | 09/01/27 (c) | 2,400,000 | 2,142,574 |
Diablo Water District | ||||
Water Revenue COP Series 2019 | 4.00% | 01/01/27 | 470,000 | 487,824 |
Water Revenue COP Series 2019 | 4.00% | 01/01/29 (a) | 505,000 | 531,240 |
Water Revenue COP Series 2019 | 4.00% | 01/01/30 (a) | 480,000 | 503,306 |
Dinuba USD | ||||
COP Series 2023 | 5.50% | 06/01/38 (a) | 1,250,000 | 1,280,648 |
Discovery Bay Public Financing Auth | ||||
Water & Wastewater Enterprise RB Series 2022 | 5.00% | 12/01/52 (a) | 1,000,000 | 1,102,656 |
East Bay Municipal Utility District | ||||
Wastewater System RB Series 2024A | 5.00% | 06/01/54 (a)(g) | 1,000,000 | 1,115,201 |
Water System Refunding RB Series 2015A | 5.00% | 06/01/35 (a) | 475,000 | 486,925 |
East Side UHSD | ||||
GO Refunding Bonds Series 2013 | 5.00% | 08/01/28 (a) | 3,000,000 | 3,004,571 |
Foothill Eastern Transportation Corridor Agency | ||||
Toll Road Refunding RB Series 2013A | 6.85% | 01/15/42 (a)(b) | 1,000,000 | 1,214,925 |
Toll Road Sr Lien Refunding RB Series 2021A | 4.00% | 01/15/46 (a) | 2,000,000 | 1,945,916 |
Fresno Jt Power Finance Auth | ||||
Lease Refunding RB Series 2017A | 5.00% | 04/01/26 | 850,000 | 889,066 |
Lease Refunding RB Series 2017A | 5.00% | 04/01/28 (a) | 1,415,000 | 1,514,553 |
Fresno USD | ||||
GO Bonds Series 2016A | 0.00% | 08/01/33 (a)(c)(h) | 1,120,000 | 788,655 |
GO Bonds Series 2016A | 0.00% | 08/01/34 (a)(c)(h) | 1,900,000 | 1,274,905 |
Golden West Schools Financing Auth | ||||
GO RB (Rowland USD) Series 2005 | 5.25% | 09/01/24 | 1,675,000 | 1,691,992 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Goleta Water District | ||||
Refunding COP Series 2014A | 5.00% | 12/01/24 (a) | 900,000 | 900,384 |
Refunding RB Series 2023A | 5.00% | 09/01/29 | 400,000 | 448,361 |
Refunding RB Series 2023A | 5.00% | 09/01/33 | 200,000 | 239,581 |
Greenfield Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2016 | 4.00% | 02/01/25 | 790,000 | 794,024 |
Tax Allocation Refunding Bonds Series 2016 | 5.00% | 02/01/29 (a) | 730,000 | 762,039 |
Hacienda La Puente USD | ||||
GO Bonds Series 2023A | 4.00% | 08/01/43 (a) | 1,100,000 | 1,131,745 |
Hastings Campus Housing Financing Auth | ||||
Campus Housing RB Series 2020A | 5.00% | 07/01/45 (a) | 2,800,000 | 2,423,044 |
Hastings College of the Law | ||||
Refunding Bonds Series 2017 | 5.00% | 04/01/25 | 400,000 | 407,224 |
Refunding Bonds Series 2017 | 5.00% | 04/01/32 (a) | 1,100,000 | 1,177,913 |
Refunding Bonds Series 2017 | 5.00% | 04/01/34 (a) | 1,115,000 | 1,195,291 |
Imperial USD | ||||
GO Bonds Series A | 5.25% | 08/01/43 (a)(h) | 1,430,000 | 1,562,916 |
Independent Cities Finance Auth | ||||
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/25 | 780,000 | 783,324 |
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/26 | 810,000 | 822,494 |
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 5.00% | 05/15/48 (a) | 2,000,000 | 2,059,090 |
Indian Wells Successor Redevelopment Agency | ||||
Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/27 (a) | 1,250,000 | 1,289,007 |
Inglewood Successor Redevelopment Agency | ||||
Sub Lien Tax Allocation RB Series 2017A | 5.00% | 05/01/26 | 500,000 | 520,613 |
Inglewood USD | ||||
GO Bonds Series B | 5.00% | 08/01/35 (a) | 200,000 | 208,930 |
GO Bonds Series B | 5.00% | 08/01/37 (a) | 720,000 | 747,523 |
Irvine Facilities Financing Auth | ||||
Lease RB Series 2023A | 4.25% | 05/01/53 (a) | 1,000,000 | 1,003,429 |
Jefferson UHSD | ||||
GO Bonds Series A | 5.00% | 08/01/24 | 670,000 | 675,603 |
Kern Cnty Water Agency Improvement District #4 | ||||
Refunding RB Series 2016A | 5.00% | 05/01/30 (a) | 1,500,000 | 1,582,659 |
Kern HSD | ||||
GO Bonds Series 2016A | 3.00% | 08/01/29 (a) | 1,000,000 | 1,001,804 |
Lake Tahoe USD | ||||
GO Refunding Bonds Series 2019 | 4.00% | 08/01/26 | 550,000 | 563,515 |
GO Refunding Bonds Series 2019 | 4.00% | 08/01/28 | 375,000 | 394,116 |
Lancaster Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2017 | 4.00% | 08/01/26 | 1,360,000 | 1,387,060 |
Tax Allocation Refunding Bonds Series 2017 | 5.00% | 08/01/29 (a) | 820,000 | 866,099 |
Livermore Valley Joint USD | ||||
GO Bonds Series 2019 | 4.00% | 08/01/32 (a) | 335,000 | 343,732 |
Long Beach CCD | ||||
GO Refunding Bonds Series 2015F | 5.00% | 06/01/25 | 925,000 | 948,721 |
Long Beach Harbor Dept | ||||
Sr Airport RB Series 2022C | 5.25% | 06/01/47 (a) | 1,000,000 | 1,076,059 |
Los Alamitos USD #1 | ||||
GO Refunding Bonds Series 2016 | 3.00% | 08/01/36 (a) | 2,605,000 | 2,467,552 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Los Angeles | ||||
Wastewater System RB Series 2015A | 5.00% | 06/01/44 (a) | 500,000 | 509,671 |
Los Angeles Cnty Metropolitan Transportation Auth | ||||
Sr Sales Tax Refunding RB Series 2014A | 4.00% | 07/01/34 (a) | 3,000,000 | 3,004,220 |
Los Angeles Cnty Redevelopment Refunding Auth | ||||
Tax Allocation Refunding RB (South Gate) Series 2014A | 5.00% | 09/01/24 | 1,390,000 | 1,402,759 |
Los Angeles Cnty Sanitation Districts Financing Auth | ||||
Sub RB (District #14) Series 2015A | 5.00% | 10/01/31 (a) | 3,880,000 | 4,018,441 |
Los Angeles Dept of Airports | ||||
Sr RB Series 2020C | 5.00% | 05/15/27 | 1,290,000 | 1,357,138 |
Sr Refunding RB Series 2018B | 5.00% | 05/15/32 (a) | 1,000,000 | 1,064,127 |
Sub RB Series 2019F | 5.00% | 05/15/36 (a) | 850,000 | 911,553 |
Sub Refunding RB Series 2021A | 5.00% | 05/15/51 (a) | 1,500,000 | 1,570,030 |
Sub Refunding RB Series 2023A | 5.00% | 05/15/25 | 500,000 | 509,353 |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2001B3 | 3.74% | 07/01/34 (a)(e)(f) | 2,200,000 | 2,200,000 |
Power System RB Series 2015A | 5.00% | 07/01/30 (a) | 3,015,000 | 3,066,320 |
Water System RB Series 2014A | 5.00% | 07/01/44 (a) | 2,360,000 | 2,367,257 |
Los Angeles Development Auth | ||||
M/F Housing RB Series 2022F | 3.38% | 01/01/46 (a) | 3,250,000 | 3,239,504 |
Los Angeles Harbor Dept | ||||
Refunding RB Series 2015A | 5.00% | 08/01/26 (a) | 850,000 | 877,554 |
Los Angeles Municipal Improvement Corp | ||||
Lease RB Series 2014A | 5.00% | 05/01/31 (a)(h) | 1,050,000 | 1,052,819 |
Los Angeles USD | ||||
COP Series 2023A | 5.00% | 10/01/24 | 1,045,000 | 1,055,769 |
COP Series 2023A | 5.00% | 10/01/25 | 1,150,000 | 1,186,014 |
GO Bonds Series 2021RYRR | 4.00% | 07/01/46 (a) | 770,000 | 786,250 |
Los Osos Community Facilities Wastewater Assessment District #1 | ||||
Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/24 | 675,000 | 679,911 |
Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/26 | 740,000 | 773,348 |
Madera Irrigation District | ||||
Water Refunding RB Series 2015 | 5.00% | 09/01/28 (a) | 2,205,000 | 2,286,365 |
Merced UHSD | ||||
GO Refunding Bonds Series 2015 | 0.00% | 08/01/49 (a)(c)(h) | 2,550,000 | 662,083 |
Modesto Irrigation District Financing Auth | ||||
Electric System RB Series 2015A | 5.00% | 10/01/26 (a) | 1,250,000 | 1,294,825 |
Electric System RB Series 2015A | 5.00% | 10/01/40 (a) | 2,000,000 | 2,053,502 |
Northern California Energy Auth | ||||
Commodity Supply RB Series 2018 | 5.00% | 07/01/24 | 3,000,000 | 3,009,420 |
Novato | ||||
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/31 (a) | 285,000 | 297,981 |
Oakland | ||||
GO Refunding Bonds Series 2015A | 5.00% | 01/15/31 (a) | 620,000 | 638,500 |
Oakland USD | ||||
GO Bonds Series 2015A | 5.00% | 08/01/24 | 600,000 | 602,721 |
GO Bonds Series 2019A | 5.00% | 08/01/31 (a) | 500,000 | 538,900 |
GO Bonds Series 2023A | 5.00% | 08/01/38 (a) | 1,150,000 | 1,349,180 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Oakley Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/30 (a) | 500,000 | 549,149 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/31 (a) | 660,000 | 724,927 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/32 (a) | 350,000 | 384,524 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/33 (a) | 725,000 | 795,720 |
Oceanside Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/24 | 600,000 | 604,921 |
Oceanside USD | ||||
GO Bonds Series 2023B | 4.00% | 08/01/45 (a) | 1,500,000 | 1,513,422 |
Ojai USD | ||||
GO Bonds Series 2020B | 5.25% | 08/01/48 (a) | 1,100,000 | 1,235,424 |
GO Bonds Series 2020B | 5.50% | 08/01/53 (a) | 1,750,000 | 1,982,923 |
Oxnard | ||||
Lease Refunding RB Series 2018 | 5.00% | 06/01/33 (a) | 1,250,000 | 1,369,030 |
Lease Refunding RB Series 2018 | 5.00% | 06/01/34 (a) | 1,235,000 | 1,356,018 |
Lease Refunding RB Series 2018 | 5.00% | 06/01/35 (a) | 770,000 | 842,265 |
Oxnard Financing Auth | ||||
Wastewater Refunding RB Series 2014 | 5.00% | 06/01/24 | 1,750,000 | 1,757,001 |
Oxnard SD | ||||
GO Bonds Series D | 5.00% | 08/01/31 (a)(h) | 1,365,000 | 1,406,266 |
GO Bonds Series D | 5.00% | 08/01/32 (a)(h) | 1,490,000 | 1,535,045 |
GO Bonds Series D | 5.00% | 08/01/33 (a)(h) | 1,685,000 | 1,735,940 |
Pacifica | ||||
Wastewater RB Series 2017 | 5.00% | 10/01/32 (a) | 1,030,000 | 1,117,252 |
Palmdale SD | ||||
GO Bonds Series 2017B | 5.25% | 08/01/42 (a) | 2,500,000 | 2,668,943 |
Palo Alto | ||||
COP Series 2019A | 5.00% | 11/01/44 (a) | 2,000,000 | 2,154,022 |
Pasadena | ||||
Refunding COP Series 2015A | 5.00% | 02/01/26 (a) | 600,000 | 612,409 |
Peralta CCD | ||||
GO Bonds Series 2022B | 5.00% | 08/01/24 | 1,500,000 | 1,511,686 |
Perris Elementary SD | ||||
GO Bonds Series 2023 | 4.00% | 08/01/46 (a) | 1,635,000 | 1,661,278 |
GO Bonds Series 2023 | 5.00% | 08/01/47 (a) | 1,065,000 | 1,177,699 |
Pico Rivera Public Financing Auth | ||||
Lease Refunding RB Series 2016 | 5.50% | 09/01/29 (a) | 350,000 | 375,325 |
Lease Refunding RB Series 2016 | 5.25% | 09/01/33 (a) | 800,000 | 853,415 |
Pittsburg USD | ||||
GO Bonds Series 2023D | 5.00% | 08/01/47 (a) | 2,000,000 | 2,195,644 |
Pleasant Valley SD | ||||
GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 2,000,000 | 2,207,120 |
Port of Oakland | ||||
Intermediate Lien Refunding RB Series 2021H | 5.00% | 05/01/26 | 1,750,000 | 1,808,053 |
Intermediate Lien Refunding RB Series 2021H | 5.00% | 05/01/28 | 1,250,000 | 1,332,080 |
Refunding RB Series 2017D | 5.00% | 11/01/27 | 1,895,000 | 2,007,610 |
Ravenswood City SD | ||||
GO Bonds Series 2023 | 4.50% | 08/01/48 (a) | 1,250,000 | 1,308,868 |
GO Bonds Series 2023 | 5.25% | 08/01/53 (a) | 3,500,000 | 3,917,444 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Reedley | ||||
Water Refunding RB Series 2017 | 5.00% | 09/01/25 | 540,000 | 555,986 |
Regents of the University of California | ||||
Medical Center Pooled RB Series 2022P | 4.00% | 05/15/53 (a) | 1,500,000 | 1,482,290 |
Rialto Public Financing Auth | ||||
Lease RB Series 2023A | 5.00% | 06/01/36 (a) | 200,000 | 230,351 |
Lease RB Series 2023A | 5.00% | 06/01/37 (a) | 150,000 | 171,440 |
Lease RB Series 2023A | 5.00% | 06/01/38 (a) | 200,000 | 226,503 |
Richmond California Redevelopment Agency | ||||
Refunding RB Series 2021A | 4.00% | 09/01/24 | 300,000 | 300,966 |
Refunding RB Series 2021A | 4.00% | 09/01/26 | 400,000 | 408,477 |
Riverside Cnty | ||||
Lease Refunding RB Series 2015A | 5.00% | 11/01/25 | 1,020,000 | 1,055,716 |
Riverside Cnty Transportation Commission | ||||
Sr Lien Toll Refunding RB Series 2021B1 | 4.00% | 06/01/40 (a) | 4,000,000 | 4,050,348 |
Rosedale-Rio Bravo Water Storage District | ||||
Refunding RB Series 2020A | 5.00% | 01/01/25 | 545,000 | 552,798 |
Refunding RB Series 2020A | 5.00% | 01/01/26 | 575,000 | 595,392 |
Ross Valley Public Financing Auth | ||||
RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/27 (a) | 200,000 | 200,256 |
RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/43 (a) | 1,000,000 | 1,000,912 |
Sacramento Area Flood Control Agency | ||||
Consolidated Capital Assessment District No 2 Bonds Series 2016A | 5.00% | 10/01/47 (a) | 4,000,000 | 4,135,826 |
Sacramento Cnty | ||||
Airport System Sr Refunding RB Series 2016A | 5.00% | 07/01/41 (a) | 2,000,000 | 2,066,507 |
Refunding COP Series 2020 | 5.00% | 10/01/24 | 1,420,000 | 1,435,039 |
Sacramento Cnty Sanitation District Financing Auth | ||||
RB Series 2014A | 5.00% | 12/01/44 (a) | 1,935,000 | 1,937,471 |
San Bernardino CCD | ||||
GO Bonds Series B | 4.13% | 08/01/49 (a) | 3,375,000 | 3,392,112 |
San Diego Assoc of Governments | ||||
Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (a)(h) | 2,500,000 | 2,533,901 |
San Diego CCD | ||||
GO Refunding Bonds Series 2024 | 4.00% | 08/01/42 (a) | 2,250,000 | 2,369,553 |
GO Refunding Bonds Series 2024 | 4.00% | 08/01/43 (a) | 2,500,000 | 2,613,376 |
San Diego Cnty | ||||
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/24 | 550,000 | 555,788 |
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/25 | 350,000 | 360,417 |
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/26 (a) | 1,000,000 | 1,037,238 |
San Diego Cnty Regional Airport Auth | ||||
RB Series 2017B | 5.00% | 07/01/31 (a) | 1,360,000 | 1,423,881 |
Sr Airport RB Series 2023B | 5.00% | 07/01/33 | 2,245,000 | 2,555,197 |
Sub Airport RB Series 2017B | 5.00% | 07/01/29 (a) | 1,980,000 | 2,072,635 |
San Diego Unified Port District | ||||
Refunding RB Series 2013A | 5.00% | 09/01/25 (a) | 245,000 | 245,307 |
San Francisco | ||||
RB Series 2020N | 4.00% | 04/01/40 (a) | 565,000 | 582,039 |
San Francisco Airport Commission | ||||
RB 2nd Series 2018G | 5.00% | 05/01/27 | 2,700,000 | 2,835,317 |
RB 2nd Series 2019E | 5.00% | 05/01/39 (a) | 2,450,000 | 2,590,800 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB 2nd Series 2019E | 5.00% | 05/01/40 (a) | 425,000 | 447,672 |
RB 2nd Series 2022A | 5.00% | 05/01/30 | 800,000 | 878,422 |
RB 2nd Series 2022A | 5.00% | 05/01/31 | 1,690,000 | 1,875,381 |
Refunding RB 2nd Series 2020A | 5.00% | 05/01/37 (a) | 3,500,000 | 3,771,328 |
Refunding RB 2nd Series 2023C | 5.00% | 05/01/33 | 5,000,000 | 5,681,025 |
San Francisco Redevelopment Agency | ||||
Special Tax Refunding Bonds (Mission Bay South) Series 2023 | 5.25% | 08/01/39 (a) | 875,000 | 1,021,794 |
Special Tax Refunding Bonds (Mission Bay South) Series 2023 | 5.25% | 08/01/40 (a) | 1,000,000 | 1,160,347 |
San Francisco Successor Redevelopment Agency | ||||
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/25 (a) | 150,000 | 151,114 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/28 (a) | 305,000 | 306,875 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/29 (a) | 430,000 | 432,488 |
San Jacinto USD | ||||
GO Bonds Series 2017 | 5.00% | 08/01/34 (a) | 1,155,000 | 1,258,840 |
GO Bonds Series 2017 | 5.00% | 08/01/36 (a) | 925,000 | 1,000,987 |
San Joaquin Hills Transportation Corridor Agency Toll | ||||
Toll Road Sr Lien Refunding RB Series 2021A | 4.00% | 01/15/50 (a) | 2,500,000 | 2,481,239 |
San Luis Obispo Cnty CCD | ||||
GO Bonds Series 2014D | 4.00% | 08/01/40 (a) | 500,000 | 528,106 |
GO Bonds Series 2014D | 4.00% | 08/01/41 (a) | 600,000 | 630,361 |
GO Bonds Series 2014D | 4.00% | 08/01/42 (a) | 700,000 | 733,733 |
San Mateo Foster City Public Finance Auth | ||||
RB Series 2020A | 5.00% | 05/01/37 (a) | 250,000 | 273,340 |
Santa Cruz Cnty Capital Financing Auth | ||||
Lease RB Series 2014 | 3.00% | 08/01/24 | 175,000 | 174,871 |
Lease RB Series 2014 | 5.00% | 08/01/25 (a) | 175,000 | 176,378 |
Lease RB Series 2014 | 5.00% | 08/01/26 (a) | 165,000 | 166,293 |
Lease RB Series 2014 | 5.00% | 08/01/27 (a) | 320,000 | 322,482 |
Santa Monica Public Financing Auth | ||||
Lease RB Series 2018 | 5.00% | 07/01/35 (a) | 575,000 | 617,651 |
Sierra View Healthcare District | ||||
RB Series 2019 | 5.00% | 07/01/24 | 915,000 | 918,230 |
RB Series 2019 | 4.00% | 07/01/25 | 1,270,000 | 1,273,988 |
Refunding RB Series 2020 | 4.00% | 07/01/26 | 300,000 | 302,908 |
Refunding RB Series 2020 | 5.00% | 07/01/27 | 630,000 | 661,204 |
Refunding RB Series 2020 | 5.00% | 07/01/30 | 645,000 | 700,881 |
South San Francisco Public Facilities Auth | ||||
Lease RB Series 2021A | 4.00% | 06/01/46 (a) | 1,500,000 | 1,490,678 |
South San Francisco USD | ||||
GO Bonds Series 2023 | 4.00% | 09/01/48 (a) | 1,000,000 | 1,004,390 |
Southern California Metropolitan Water District | ||||
Water Refunding RB Series 2016A | 5.00% | 07/01/34 (a)(h) | 390,000 | 406,234 |
Southern California Public Power Auth | ||||
RB (Apex Power) Series 2014A | 5.00% | 07/01/34 (a) | 3,535,000 | 3,548,971 |
Refunding RB (Windy Point/Windy Flats) Series 2023-1 | 5.00% | 07/01/27 | 2,500,000 | 2,711,446 |
Refunding RB (Windy Point/Windy Flats) Series 2023-1 | 5.00% | 07/01/28 | 1,000,000 | 1,112,804 |
Susanville Natural Gas | ||||
Natural Gas Refunding RB Series 2019 | 3.00% | 06/01/25 | 575,000 | 574,086 |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/28 (a) | 615,000 | 643,401 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/30 (a) | 680,000 | 712,492 |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/33 (a) | 580,000 | 599,925 |
Tobacco Securitization Auth of Northern California | ||||
Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021A1 | 4.00% | 06/01/49 (a) | 1,000,000 | 949,582 |
Truckee Donner Public Utility District | ||||
Water System Refunding RB Series 2015 | 4.00% | 11/15/24 | 680,000 | 683,588 |
Water System Refunding RB Series 2015 | 4.00% | 11/15/25 | 460,000 | 468,055 |
Water System Revenue COP Series 2022A | 5.00% | 11/15/52 (a) | 3,000,000 | 3,281,111 |
Univ of California | ||||
General RB Series 2024BS | 5.00% | 05/15/43 (a) | 1,000,000 | 1,163,450 |
Limited Project RB Series 2017M | 5.00% | 05/15/52 (a) | 2,000,000 | 2,101,020 |
Val Verde USD | ||||
GO Bonds Series 2021B | 4.00% | 08/01/24 | 500,000 | 501,844 |
Vernon | ||||
Electric System RB Series 2021A | 5.00% | 10/01/26 | 2,000,000 | 2,060,068 |
Victorville | ||||
Electric RB Series 2022A | 5.00% | 05/01/30 | 500,000 | 567,527 |
West Contra Costa USD | ||||
GO Bonds Series 2002C | 0.00% | 08/01/24 (c) | 2,885,000 | 2,845,048 |
West Hills CCD | ||||
GO Refunding Bonds Series 2016B | 5.00% | 08/01/25 | 320,000 | 329,450 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/26 | 450,000 | 475,209 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/30 (a) | 595,000 | 630,387 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/31 (a) | 635,000 | 672,272 |
424,111,268 | ||||
GUAM 1.2% | ||||
Guam Power Auth | ||||
Refunding RB Series 2022A | 5.00% | 10/01/32 | 2,000,000 | 2,204,734 |
Refunding RB Series 2022A | 5.00% | 10/01/39 (a) | 1,190,000 | 1,262,957 |
Guam Waterworks Auth | ||||
Water & Wastewater System RB Series 2016 | 5.00% | 01/01/46 (a) | 1,840,000 | 1,866,074 |
5,333,765 | ||||
PUERTO RICO 1.3% | ||||
Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Auth | ||||
Hospital Refunding RB Series 2021 | 5.00% | 07/01/28 | 700,000 | 737,526 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/30 | 550,000 | 593,436 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/31 | 825,000 | 898,752 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/33 (a) | 775,000 | 843,318 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Puerto Rico Sales Tax Financing Corp | ||||
Restructured Sales Tax Bonds Series 2019A1 | 5.00% | 07/01/58 (a) | 2,500,000 | 2,518,745 |
5,591,777 | ||||
Total Municipal Securities (Cost $432,119,902) | 435,036,810 | |||
Total Investments in Securities (Cost $432,119,902) | 435,036,810 |
(a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(b) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(c) | Zero coupon bond. |
(d) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
(e) | Credit-enhanced or liquidity-enhanced. |
(f) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
(g) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(h) | Refunded bond. |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
HSD — | High school district |
M/F — | Multi-family |
RB — | Revenue bond |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
TOB — | Tender option bond |
UHSD — | Union high school district |
USD — | Unified school district |
VRDN — | Variable rate demand note |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $435,036,810 | $— | $435,036,810 |
Total | $— | $435,036,810 | $— | $435,036,810 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $432,119,902) | $435,036,810 | |
Cash | 91,155 | |
Receivables: | ||
Interest | 4,620,252 | |
Fund shares sold | 548,646 | |
Prepaid expenses | + | 16,358 |
Total assets | 440,313,221 | |
Liabilities | ||
Payables: | ||
Investments bought - delayed-delivery | 2,114,955 | |
Distributions to shareholders | 477,794 | |
Investment adviser fees | 68,235 | |
Shareholder service fees | 52,977 | |
Fund shares redeemed | 20,912 | |
Accrued expenses | + | 78,284 |
Total liabilities | 2,813,157 | |
Net assets | $437,500,064 | |
Net Assets by Source | ||
Capital received from investors | $454,093,977 | |
Total distributable loss | + | (16,593,913 ) |
Net assets | $437,500,064 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$437,500,064 | 39,268,651 | $11.14 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $6,991,623 | |
Expenses | ||
Investment adviser and administrator fees | 454,473 | |
Shareholder service fees | 301,430 | |
Portfolio accounting fees | 43,159 | |
Professional fees | 17,922 | |
Registration fees | 12,914 | |
Independent trustees’ fees | 5,483 | |
Shareholder reports | 4,528 | |
Custodian fees | 2,900 | |
Transfer agent fees | 775 | |
Other expenses | + | 2,683 |
Total expenses | 846,267 | |
Expense reduction | – | 61,054 |
Net expenses | – | 785,213 |
Net investment income | 6,206,410 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (1,893,341 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 11,236,129 |
Net realized and unrealized gains | 9,342,788 | |
Increase in net assets resulting from operations | $15,549,198 |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $6,206,410 | $10,388,850 | |
Net realized losses | (1,893,341 ) | (8,929,300 ) | |
Net change in unrealized appreciation (depreciation) | + | 11,236,129 | 5,039,331 |
Increase in net assets resulting from operations | $15,549,198 | $6,498,881 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($6,200,635 ) | ($10,379,368 ) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 8,434,640 | $91,474,587 | 10,568,073 | $115,563,605 | |
Shares reinvested | 321,351 | 3,527,499 | 567,420 | 6,203,474 | |
Shares redeemed | + | (6,122,316 ) | (66,715,841 ) | (12,623,734 ) | (137,870,742 ) |
Net transactions in fund shares | 2,633,675 | $28,286,245 | (1,488,241 ) | ($16,103,663 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 36,634,976 | $399,865,256 | 38,123,217 | $419,849,406 | |
Total increase (decrease) | + | 2,633,675 | 37,634,808 | (1,488,241 ) | (19,984,150 ) |
End of period | 39,268,651 | $437,500,064 | 36,634,976 | $399,865,256 |
9/1/23– 2/29/24* | 9/1/22– 8/31/23 | 9/1/21– 8/31/22 | 9/1/20– 8/31/211 | 3/1/20– 8/31/202 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | |
Per-Share Data | |||||||
Net asset value at beginning of period | $8.81 | $9.20 | $10.64 | $10.42 | $11.25 | $10.61 | $10.63 |
Income (loss) from investment operations: | |||||||
Net investment income (loss)3 | 0.16 | 0.56 4 | 0.27 | 0.32 | 0.20 | 0.38 | 0.40 |
Net realized and unrealized gains (losses) | 0.29 | (0.37 ) | (1.43 ) | 0.23 | (0.83 ) | 0.73 | 0.01 |
Total from investment operations | 0.45 | 0.19 | (1.16 ) | 0.55 | (0.63 ) | 1.11 | 0.41 |
Less distributions: | |||||||
Distributions from net investment income | (0.18 ) | (0.58 )4 | (0.28 ) | (0.26 ) | (0.20 ) | (0.38 ) | (0.41 ) |
Distributions from net realized gains | — | — | — | (0.07 ) | — | (0.09 ) | (0.02 ) |
Total distributions | (0.18 ) | (0.58 ) | (0.28 ) | (0.33 ) | (0.20 ) | (0.47 ) | (0.43 ) |
Redemption fees3 | — | — | — | — 5 | 0.00 6 | 0.00 6 | 0.00 6 |
Net asset value at end of period | $9.08 | $8.81 | $9.20 | $10.64 | $10.42 | $11.25 | $10.61 |
Total return | 5.21 %7 | 2.14 % | (11.10 %) | 5.36 % | (5.56 %)7 | 10.71 % | 3.93 % |
Ratios/Supplemental Data | |||||||
Ratios to average net assets: | |||||||
Net operating expenses | 0.50 %8 | 0.50 % | 0.50 %9 | 0.58 %10 | 0.73 %8,11 | 0.75 % | 0.75 % |
Gross operating expenses | 0.63 %8 | 0.68 % | 0.55 %9 | 0.70 % | 0.90 %8 | 0.78 % | 0.76 % |
Net investment income (loss) | 3.62 %8 | 6.28 %4 | 2.63 % | 2.99 % | 3.81 %8 | 3.48 % | 3.80 % |
Portfolio turnover rate | 104 %7 | 157 % | 126 % | 83 % | 36 %7 | 27 % | 18 % |
Net assets, end of period (x 1,000) | $54,944 | $41,279 | $48,588 | $69,314 | $66,290 | $82,969 | $77,029 |
* | Unaudited. |
1 | Effective July 1, 2021, the Schwab High Yield Municipal Bond Fund changed its name to Schwab Opportunistic Municipal Bond Fund. |
2 | Effective August 10, 2020, the Wasmer Schroeder High Yield Municipal Fund was reorganized into the Schwab Opportunistic Municipal Bond Fund (formerly, Schwab High Yield Municipal Bond Fund), which commenced operations on that day. The Financial Highlights above present the shares of the Wasmer Schroeder High Yield Municipal Fund prior to the acquisition date of August 10, 2020, and Schwab Opportunistic Municipal Bond Fund subsequent to that date. |
3 | Calculated based on the average shares outstanding during the period. |
4 | Includes a special payment of past due interest income received from defaulted securities. The per share effect on net investment income and distributions from net investment income was $0.27 and ($0.27), respectively, and effect on net investment income to average net assets was 2.77% (see financial note 2(d) for additional information). |
5 | Effective July 1, 2021, redemption fees were eliminated. |
6 | Amount is less than $0.01 per share. |
7 | Not annualized. |
8 | Annualized. |
9 | Ratio includes less than 0.005% of non-routine proxy expenses. |
10 | Effective July 1, 2021, the net operating expense limitation was lowered from 0.60% to 0.50%. The ratio presented for the year ended August 31, 2021, is a blended ratio. |
11 | Effective August 10, 2020, the net operating expense limitation was lowered from 0.75% to 0.60%. The ratio presented for the period ended August 31, 2020, is a blended ratio. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 104.8% OF NET ASSETS | ||||
ALABAMA 3.1% | ||||
Black Belt Energy Gas District | ||||
Gas RB Series 2023C | 5.50% | 10/01/54 (a) | 250,000 | 273,954 |
Gas Supply RB Series 2022D1 | 4.00% | 07/01/52 (a) | 500,000 | 501,936 |
Energy Southeast Cooperative District | ||||
Energy Supply RB Series 2023B1 | 5.75% | 04/01/54 (a) | 250,000 | 278,032 |
Jefferson Cnty | ||||
Sewer RB Series 2024 | 5.50% | 10/01/53 (a) | 585,000 | 639,838 |
1,693,760 | ||||
ARIZONA 1.6% | ||||
Arizona IDA | ||||
RB Series 2023A | 5.00% | 11/01/33 (a) | 400,000 | 454,964 |
La Paz Cnty Industrial Development Auth | ||||
Education Facility Lease RB (Harmony Public Schools) Series 2018A | 5.00% | 02/15/38 (a) | 400,000 | 405,191 |
860,155 | ||||
CALIFORNIA 7.5% | ||||
California | ||||
GO Refunding Bonds | 5.00% | 10/01/32 (a) | 500,000 | 582,301 |
California Community Choice Financing Auth | ||||
RB (Deutsche Bank) Series 2023C | 5.25% | 01/01/54 (a) | 250,000 | 264,618 |
RB Series 2024A1 | 5.00% | 05/01/54 (a) | 250,000 | 268,502 |
California Educational Facilities Auth | ||||
RB (St Marys College) Series 2023A | 5.00% | 10/01/38 (a) | 200,000 | 213,342 |
California Health Facilities Financing Auth | ||||
RB (Episcopal Communities & Services) Series 2024B | 5.00% | 11/15/38 (a) | 250,000 | 273,523 |
RB (Kaiser Permanente) Series 2017A2 | 4.00% | 11/01/44 (a) | 200,000 | 198,709 |
California Municipal Finance Auth | ||||
Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/34 (a) | 315,000 | 327,410 |
California Public Finance Auth | ||||
RB (Henry Mayo Newhall Hospital) Series 2021A | 4.00% | 10/15/28 | 350,000 | 355,106 |
Compton CCD | ||||
GO Bonds Series 2024B | 4.00% | 08/01/43 (a)(b) | 800,000 | 828,518 |
East Bay Municipal Utility District | ||||
Wastewater System RB Series 2024A | 5.00% | 06/01/44 (a)(b) | 235,000 | 268,797 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
San Diego Cnty Regional Airport Auth | ||||
Sr Airport RB Series 2023B | 5.25% | 07/01/34 (a) | 250,000 | 289,771 |
Sub Airport RB Series 2021B | 4.00% | 07/01/46 (a) | 250,000 | 241,742 |
4,112,339 | ||||
COLORADO 5.5% | ||||
Colorado Educational & Cultural Facilities Auth | ||||
Charter School RB (Loveland Classical Schools) Series 2023 | 5.00% | 07/01/53 (a)(c) | 375,000 | 385,241 |
Colorado Health Facilities Auth | ||||
RB (CommonSpirit Health) Series 2019A1 | 5.00% | 08/01/28 | 215,000 | 230,575 |
RB (CommonSpirit Health) Series 2019A1 | 4.00% | 08/01/44 (a) | 200,000 | 193,025 |
RB (Intermountain Healthcare) Series 2022A | 4.00% | 05/15/52 (a) | 500,000 | 487,141 |
Refunding RB (Intermountain Healthcare) Series 2019A | 4.00% | 01/01/35 (a) | 375,000 | 388,525 |
Denver | ||||
Airport System RB Series 2022A | 4.13% | 11/15/53 (a) | 500,000 | 472,936 |
Airport System Sub RB Series 2023B | 5.00% | 11/15/28 | 500,000 | 537,393 |
Whispering Pines Metropolitan District #1 | ||||
LT GO Refunding Bonds Series 2023 | 5.00% | 12/01/43 (a) | 325,000 | 349,350 |
3,044,186 | ||||
CONNECTICUT 1.6% | ||||
Connecticut | ||||
GO Bonds Series 2020A | 4.00% | 01/15/37 (a) | 250,000 | 261,154 |
GO Bonds Series 2024A | 5.00% | 01/15/37 (a) | 250,000 | 295,222 |
Connecticut Health & Educational Facilities Auth | ||||
RB (Connecticut Children’s Medical Center) Series E | 5.00% | 07/15/39 (a) | 300,000 | 325,244 |
881,620 | ||||
DISTRICT OF COLUMBIA 0.5% | ||||
Metropolitan Washington Airports Auth | ||||
Sr Lien Refunding RB (Dulles Metrorail) Series 2019A | 5.00% | 10/01/44 (a) | 250,000 | 262,596 |
FLORIDA 5.7% | ||||
Florida Development Finance Corp | ||||
Healthcare Facilities RB (Tampa General Hospital) Series 2024A | 4.50% | 08/01/55 (a) | 300,000 | 294,303 |
Hialeah | ||||
RB Series 2022 | 5.00% | 10/01/31 | 200,000 | 224,293 |
Lake Worth Beach | ||||
Consolidated Utility RB Series 2022 | 4.00% | 10/01/52 (a) | 500,000 | 475,861 |
Lee Cnty Industrial Development Auth | ||||
Healthcare Facilities Improvement RB (Shell Point Alliance) Series 2019 | 5.00% | 11/15/49 (a) | 500,000 | 487,256 |
Miami-Dade School Board | ||||
COP Series 2016C | 3.25% | 02/01/33 (a) | 265,000 | 264,504 |
Pompano Beach | ||||
RB (John Knox Village) Series 2021A | 4.00% | 09/01/51 (a) | 500,000 | 389,602 |
Tampa | ||||
Hospital RB (H Lee Moffitt Cancer Center) Series 2020B | 5.00% | 07/01/34 (a) | 255,000 | 280,710 |
Revenue & Refunding Bonds (Univ of Tampa) Series 2020A | 4.00% | 04/01/50 (a) | 500,000 | 473,703 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Village Community Dev Dist. No.15 | ||||
RB Series 2023 | 5.00% | 05/01/43 (a) | 250,000 | 255,719 |
3,145,951 | ||||
GEORGIA 1.0% | ||||
Columbia Cnty Hospital Auth | ||||
Revenue Anticipation Certificates (Wellstar Health System) Series 2023A | 5.13% | 04/01/53 (a) | 250,000 | 266,967 |
Main Street Natural Gas Inc | ||||
Gas Supply RB Series 2023D | 5.00% | 05/01/54 (a) | 250,000 | 263,782 |
530,749 | ||||
GUAM 0.9% | ||||
Guam Waterworks Auth | ||||
Water & Wastewater System Refunding RB Series 2014A | 5.00% | 07/01/35 (a) | 500,000 | 502,296 |
HAWAII 1.1% | ||||
Hawaii | ||||
Airport System RB Series 2020A | 4.00% | 07/01/35 (a) | 250,000 | 256,029 |
Honolulu City & Cnty Board | ||||
Water System RB Series 2022A | 4.00% | 07/01/35 (a) | 340,000 | 365,126 |
621,155 | ||||
IDAHO 1.0% | ||||
Idaho Housing & Finance Assoc | ||||
Facilities RB (White Pine Charter School) Series 2023A | 5.25% | 05/01/38 (a)(c) | 300,000 | 317,501 |
Facilities RB (White Pine Charter School) Series 2023A | 5.50% | 05/01/43 (a)(c) | 230,000 | 243,119 |
560,620 | ||||
ILLINOIS 7.0% | ||||
Chicago | ||||
2nd Lien Water Refunding RB Series 2023B | 5.00% | 11/01/35 (a) | 250,000 | 286,803 |
GO Bonds Series 2015A | 5.50% | 01/01/34 (a) | 250,000 | 252,856 |
GO Bonds Series 2019A | 5.50% | 01/01/49 (a) | 250,000 | 259,404 |
Chicago Board of Education | ||||
ULT GO Bonds Series 2023A | 5.50% | 12/01/31 | 450,000 | 497,032 |
Chicago Park District | ||||
LT GO Refunding Bonds Series 2023 | 5.00% | 01/01/38 (a) | 200,000 | 218,065 |
Illinois | ||||
GO Bonds Series 2016 | 4.00% | 06/01/35 (a) | 250,000 | 250,770 |
GO Bonds Series 2017D | 5.00% | 11/01/24 | 370,000 | 373,633 |
GO Bonds Series 2020C | 4.25% | 10/01/45 (a) | 450,000 | 439,974 |
GO Bonds Series 2023B | 5.25% | 05/01/39 (a) | 250,000 | 278,840 |
Illinois Finance Auth | ||||
Refunding RB (Northwestern Memorial Healthcare) Series 2021A | 4.00% | 07/15/35 (a) | 235,000 | 246,788 |
Illinois Toll Highway Auth | ||||
Sr RB Series 2015A | 5.00% | 01/01/37 (a) | 275,000 | 280,193 |
Sr RB Series 2024A | 5.00% | 01/01/39 (a) | 250,000 | 290,658 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Metropolitan Pier & Exposition Auth | ||||
Refunding Bonds Series 2010B-1 | 0.00% | 06/15/43 (d) | 405,000 | 173,804 |
3,848,820 | ||||
IOWA 0.5% | ||||
Iowa Finance Auth | ||||
Health Facilities RB (UnityPoint Health) Series 2014C | 5.00% | 02/15/31 (a) | 250,000 | 251,343 |
KENTUCKY 0.4% | ||||
Kentucky Public Energy Auth | ||||
Gas Supply RB (Morgan Stanley) Series 2019A1 | 4.00% | 12/01/49 (a) | 200,000 | 200,306 |
LOUISIANA 2.1% | ||||
Louisiana Housing Corp M/F Revenue | ||||
S/F Mortgage RB Series 2023C | 5.75% | 12/01/53 (a) | 215,000 | 233,567 |
Louisiana Public Facilities Auth | ||||
RB (Loyola Univ) Series 2023A | 5.25% | 10/01/48 (a) | 250,000 | 267,980 |
Louisiana Stadium & Exposition District | ||||
Sr RB Series 2023A | 5.00% | 07/01/48 (a) | 350,000 | 379,095 |
New Orleans | ||||
Sewerage Service RB Series 2015 | 5.00% | 06/01/25 | 260,000 | 265,069 |
1,145,711 | ||||
MAINE 0.5% | ||||
Maine Health & Educational Facilities Auth | ||||
RB (MaineHealth) Series 2023B | 5.25% | 07/01/48 (a) | 250,000 | 273,579 |
MARYLAND 2.1% | ||||
Maryland Economic Development Corp | ||||
Refunding RB (Transportation Facilities) Series 2017A | 5.00% | 06/01/35 (a) | 500,000 | 525,618 |
Maryland Health & Higher Educational Facilities Auth | ||||
RB (Frederick Health System) Series 2020 | 4.00% | 07/01/45 (a) | 250,000 | 238,391 |
RB (Frederick Health System) Series 2023 | 5.00% | 07/01/39 (a) | 350,000 | 378,337 |
1,142,346 | ||||
MASSACHUSETTS 1.9% | ||||
Massachusetts Development Finance Agency | ||||
RB (Boston Medical Center) Series 2023G | 5.25% | 07/01/52 (a) | 500,000 | 539,726 |
RB (Emerson College) Series 2018 | 5.00% | 01/01/43 (a) | 500,000 | 506,453 |
1,046,179 | ||||
MICHIGAN 0.4% | ||||
Fitzgerald Public SD | ||||
ULT GO Bonds Series 2023 | 5.25% | 05/01/43 (a)(c) | 200,000 | 223,291 |
MINNESOTA 2.6% | ||||
Eden Prairie ISD No 272 | ||||
GO Bonds Series 2019B | 3.00% | 02/01/34 (a)(c) | 330,000 | 326,060 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Hopkins ISD #270 | ||||
GO Bonds Series 2019A | 3.00% | 02/01/34 (a)(c) | 285,000 | 281,854 |
South Central Minnesota Multi-Cnty Hsg & Redevelopment Auth | ||||
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/00 (e)(f) | 15,000 | 1,197 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/02 (e)(f) | 30,000 | 2,394 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/05 (e)(f) | 20,000 | 1,596 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/06 (e)(f) | 20,000 | 1,596 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/07 (e)(f) | 65,000 | 5,187 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/08 (e)(f) | 10,000 | 798 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/17 (e)(f) | 450,000 | 35,910 |
Pooled Housing Development RB Series 1993 | 0.00% | 02/01/25 (e)(f) | 9,500,000 | 758,100 |
1,414,692 | ||||
MISSOURI 1.2% | ||||
Kansas City IDA | ||||
Airport Special Obligation Bonds Series 2020A | 5.00% | 03/01/32 (a) | 345,000 | 370,120 |
St Louis Board of Education | ||||
GO Bonds Series 2023 | 5.00% | 04/01/42 (a) | 250,000 | 276,197 |
646,317 | ||||
NEVADA 2.3% | ||||
Carson City | ||||
Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/47 (a) | 235,000 | 238,095 |
Clark Cnty | ||||
Airport System Jr Lien Sub RB Series 2021B | 5.00% | 07/01/27 | 235,000 | 247,017 |
Clark Cnty SD | ||||
LT GO Bonds Series 2018A | 4.00% | 06/15/36 (a) | 270,000 | 276,704 |
Nevada Dept of Business & Industry | ||||
RB (Brightline West Passenger Rail) Series 2020A | 4.00% | 01/01/50 (a)(c) | 500,000 | 499,661 |
1,261,477 | ||||
NEW JERSEY 4.7% | ||||
New Jersey Economic Development Auth | ||||
School Facilities Construction Refunding Bonds Series 2023RRR | 5.00% | 03/01/25 | 250,000 | 254,150 |
State Lease RB Series 2017B | 5.00% | 06/15/30 (a) | 240,000 | 262,464 |
New Jersey Transportation Trust Fund Auth | ||||
Transportation Bonds Series 2023BB | 5.00% | 06/15/46 (a) | 250,000 | 272,599 |
Transportation System Bonds Series 2019A | 5.00% | 12/15/33 (a) | 225,000 | 250,126 |
Transportation System Bonds Series 2022A | 4.00% | 06/15/41 (a) | 250,000 | 252,197 |
Transportation System RB Series 2021A | 4.00% | 06/15/34 (a) | 250,000 | 263,501 |
New Jersey Turnpike Auth | ||||
RB Series 2022B | 4.50% | 01/01/48 (a) | 500,000 | 520,716 |
Tobacco Settlement Financing Corp | ||||
Tobacco Settlement Bonds Series 2018A | 5.25% | 06/01/46 (a) | 500,000 | 518,471 |
2,594,224 | ||||
NEW YORK 19.3% | ||||
Metropolitan Transportation Auth | ||||
Transportation RB Series 2020C1 | 4.75% | 11/15/45 (a) | 500,000 | 514,843 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
New York City | ||||
GO Bonds Fiscal 2018 Series B4 | 3.78% | 10/01/46 (a)(c)(g) | 3,585,000 | 3,585,000 |
GO Bonds Fiscal 2021 Series F1 | 4.00% | 03/01/47 (a) | 545,000 | 536,941 |
GO Bonds Fiscal 2022 Series A1 | 4.00% | 08/01/38 (a) | 250,000 | 258,841 |
GO Bonds Fiscal 2022 Series D1 | 5.50% | 05/01/46 (a) | 250,000 | 281,807 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2021 Series S1 | 4.00% | 07/15/40 (a) | 210,000 | 211,897 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A2 | 5.00% | 05/01/39 (a) | 280,000 | 304,018 |
Future Tax Secured Sub Bonds Fiscal 2022 Series C1 | 4.00% | 02/01/39 (a) | 250,000 | 255,748 |
Future Tax Secured Sub Bonds Fiscal 2023 Series A1 | 4.00% | 08/01/48 (a) | 500,000 | 486,380 |
Future Tax Secured Sub Bonds Fiscal 2024 Series B | 4.38% | 05/01/53 (a) | 250,000 | 250,899 |
Future Tax Secured Sub RB Fiscal 2014 Series B3 | 3.78% | 11/01/42 (a)(c)(g) | 1,335,000 | 1,335,000 |
New York Liberty Development Corp | ||||
RB (Goldman Sachs Headquarters) Series 2005 | 5.25% | 10/01/35 | 250,000 | 297,069 |
New York State Dormitory Auth | ||||
RB (New York Institute of Technology) Series 2024 | 5.00% | 07/01/43 (a)(b) | 500,000 | 544,208 |
RB (New York Institute of Technology) Series 2024 | 5.00% | 07/01/44 (a)(b) | 250,000 | 270,987 |
State Personal Income Tax RB Series 2017A | 4.00% | 02/15/36 (a) | 500,000 | 508,861 |
New York Transportation Development Corp | ||||
Special Facilities RB (JFK Airport - New Terminal 1) Series 2023 | 5.50% | 06/30/39 (a) | 250,000 | 275,037 |
Triborough Bridge & Tunnel Auth | ||||
Sales Tax RB Series 2023A | 4.13% | 05/15/53 (a) | 500,000 | 488,823 |
Westchester Cnty Local Development Corp | ||||
RB (New York Blood Center) Series 2024 | 5.00% | 07/01/38 (a) | 200,000 | 220,709 |
10,627,068 | ||||
NORTH CAROLINA 1.5% | ||||
Greater Asheville Regional Airport Auth | ||||
Airport System RB Series 2022A | 5.50% | 07/01/52 (a) | 250,000 | 272,615 |
North Carolina Medical Care Commission Retirement Facilities | ||||
Retirement Facilities 1st Mortgage RB (United Methodist Retirement Homes) Series 2024A | 5.00% | 10/01/49 (a)(b) | 510,000 | 532,179 |
804,794 | ||||
OHIO 0.4% | ||||
Columbus | ||||
ULT GO Bonds Series 2017A | 3.15% | 04/01/35 (a) | 250,000 | 246,266 |
OKLAHOMA 0.9% | ||||
Oklahoma Development Finance Auth | ||||
Health System RB (OU Medicine) Series 2018B | 5.50% | 08/15/57 (a) | 500,000 | 507,359 |
OREGON 1.8% | ||||
Beaverton SD #48J | ||||
GO Bonds Series 2022A | 0.00% | 06/15/48 (a)(c)(d) | 500,000 | 156,071 |
Lane Cnty SD | ||||
GO Bonds Series 2023 | 0.00% | 06/15/43 (a)(c)(d) | 900,000 | 360,149 |
Port of Portland Airport | ||||
Airport RB Series 27A | 4.00% | 07/01/39 (a) | 500,000 | 499,252 |
1,015,472 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
PENNSYLVANIA 2.0% | ||||
Commonwealth Financing Auth | ||||
Tobacco Settlement RB Series 2018 | 5.00% | 06/01/35 (a) | 500,000 | 535,147 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2022B | 5.00% | 12/01/47 (a) | 500,000 | 548,393 |
1,083,540 | ||||
PUERTO RICO 0.5% | ||||
Puerto Rico Sales Tax Financing Corp | ||||
Restructured Sales Tax Bonds Series 2019A1 | 5.00% | 07/01/58 (a) | 250,000 | 251,875 |
RHODE ISLAND 1.4% | ||||
Rhode Island Health & Educational Building Corp | ||||
Hospital Financing RB (Lifespan Obligated Group) Series 2024 | 5.00% | 05/15/40 (a) | 200,000 | 218,198 |
Hospital Financing RB (Lifespan Obligated Group) Series 2024 | 5.00% | 05/15/43 (a) | 500,000 | 536,042 |
754,240 | ||||
SOUTH CAROLINA 1.5% | ||||
South Carolina Public Service Auth | ||||
RB Series 2022E | 5.75% | 12/01/47 (a) | 500,000 | 555,409 |
Refunding RB Series 2016B | 5.00% | 12/01/56 (a) | 250,000 | 252,436 |
807,845 | ||||
TENNESSEE 2.4% | ||||
Chattanooga Health Educational & Housing Facilities Board | ||||
Student Housing Refunding RB (CDFI Univ of Tennessee at Chattanooga) Series 2015 | 5.00% | 10/01/29 (a) | 500,000 | 507,928 |
Metro Government of Nashville & Davidson Cnty Health & Educational Facilities Board | ||||
Educational Facilities RB (Belmont Univ) Series 2023 | 5.25% | 05/01/53 (a) | 250,000 | 270,199 |
Metropolitan Nashville Airport Auth | ||||
RB Series 2022B | 5.25% | 07/01/47 (a) | 250,000 | 268,995 |
Tennessee Housing Development Agency Home Ownership | ||||
Residential Finance Program Bonds Series 2023-3A | 6.25% | 01/01/54 (a) | 250,000 | 273,771 |
1,320,893 | ||||
TEXAS 10.6% | ||||
Aldine ISD | ||||
ULT GO Bonds Series 2024 | 4.00% | 02/15/54 (a)(c) | 200,000 | 192,418 |
Dallas | ||||
Refunding RB Series 2021 | 4.00% | 08/15/30 (a) | 250,000 | 252,286 |
Sr Lien Special Tax RB (Dallas Fair Park) Series 2023 | 6.25% | 08/15/53 (a) | 250,000 | 253,043 |
El Paso Cnty Hospital District | ||||
GO Refunding Bonds Series 2017 | 5.00% | 08/15/33 (a) | 165,000 | 170,584 |
GO Refunding Bonds Series 2017 | 5.00% | 08/15/35 (a) | 200,000 | 206,567 |
Galveston | ||||
1st Lien RB Series 2023 | 5.25% | 08/01/24 | 400,000 | 401,614 |
1st Lien RB Series 2023 | 5.25% | 08/01/25 | 250,000 | 254,078 |
Garland | ||||
Electric Utility System Refunding RB Series 2023 | 4.25% | 03/01/48 (a) | 250,000 | 252,894 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Garland ISD | ||||
ULT GO Bonds Series 2023A | 5.00% | 02/15/48 (a)(c) | 250,000 | 274,666 |
Greater Texoma Utility Auth | ||||
RB Series 2024 | 5.00% | 10/01/32 | 250,000 | 289,983 |
Hidalgo Cnty | ||||
Certificates of Obligation Series 2023 | 5.25% | 08/15/43 (a) | 250,000 | 282,011 |
Huntsville | ||||
Water & Wastewater System RB Series 2018 | 3.63% | 08/15/43 (a) | 230,000 | 222,342 |
Lubbock | ||||
Electric Light & Power System Refunding RB Series 2023 | 5.00% | 04/15/37 (a) | 300,000 | 345,452 |
Martin Cnty Hospital District | ||||
GO Refunding Bonds Series 2021 | 4.00% | 04/01/36 (a) | 280,000 | 286,192 |
New Hope Cultural Educational Facilities Corp | ||||
Education RB (Beta Academy) Series 2019A | 5.00% | 08/15/49 (a) | 500,000 | 465,311 |
Newark Higher Education Finance Corp | ||||
Education RB (Orenda) Series 2023A | 4.25% | 08/15/58 (a)(c) | 200,000 | 194,532 |
San Antonio | ||||
Electric & Gas Systems Refunding RB Series 2023B | 4.00% | 02/01/43 (a) | 250,000 | 253,337 |
GO Bonds Series 2023 | 4.00% | 02/01/43 (a) | 250,000 | 254,322 |
Terrell | ||||
Tax & Waterworks & Sewer System GO RB Series 2023C | 4.50% | 08/15/53 (a) | 500,000 | 505,973 |
Texas Municipal Gas Corp III | ||||
Gas Supply Refunding RB Series 2021 | 5.00% | 12/15/28 (c) | 275,000 | 287,399 |
Texas Transportation Corp | ||||
Sr Lien RB (NTE Mobility Partners) Series 2023 | 5.50% | 12/31/58 (a) | 165,000 | 181,625 |
5,826,629 | ||||
UTAH 1.7% | ||||
Salt Lake City | ||||
Airport RB Series 2021A | 5.00% | 07/01/46 (a) | 265,000 | 277,726 |
Airport RB Series 2023A | 5.25% | 07/01/40 (a) | 250,000 | 278,459 |
Utah Board of Regents | ||||
General RB (Univ of Utah) Series 2022A | 4.00% | 08/01/51 (a) | 400,000 | 391,625 |
947,810 | ||||
VIRGINIA 0.9% | ||||
Lynchburg Economic Development Auth | ||||
Hospital Refunding RB (Centra Health) Series 2021 | 4.00% | 01/01/40 (a) | 520,000 | 521,059 |
WASHINGTON 2.1% | ||||
Pasco Water & Sewer | ||||
Water & Sewer Refunding RB Series 2023A | 5.00% | 12/01/43 (a) | 250,000 | 272,447 |
Port Vancouver Washington | ||||
LT GO Bonds Series 2022A | 5.00% | 12/01/33 (a) | 500,000 | 555,518 |
Skagit Cnty Hospital District No 1 | ||||
Hospital RB Series 2024 | 5.50% | 12/01/42 (a) | 300,000 | 327,099 |
1,155,064 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
WEST VIRGINIA 0.5% | ||||
West Virginia Hospital Finance Auth | ||||
Hospital Revenue & Refunding Bonds (Vandalia Health) Series 2023B | 6.00% | 09/01/53 (a) | 250,000 | 285,240 |
WISCONSIN 2.1% | ||||
Wisconsin Health & Educational Facilities Auth | ||||
RB (Fort HealthCare Inc) Series 2024A | 5.00% | 10/01/40 (a)(b) | 300,000 | 326,211 |
RB (Fort HealthCare Inc) Series 2024A | 5.00% | 10/01/41 (a)(b) | 350,000 | 378,464 |
RB (Woodland Hill Sr Housing) Series 2014 | 5.25% | 12/01/49 (a) | 500,000 | 436,934 |
1,141,609 | ||||
Total Municipal Securities (Cost $56,693,057) | 57,560,475 | |||
Total Investments in Securities (Cost $56,693,057) | 57,560,475 |
(a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(b) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(c) | Credit-enhanced or liquidity-enhanced. |
(d) | Zero coupon bond. |
(e) | The underlying properties were sold and the bond trustee collected sales proceeds from the underlying properties. A substantial distribution to bond holders occurred on April 14, 2023, with a residual distribution to be paid in 2025. Due to the sale of the underlying properties, accruals for interest were suspended. Previously, the securities were making semiannual distributions of variable amounts of cash flow. The residual distribution payment to be made to bond holders in 2025 consists of county tax levy deficit payments collected and to be collected by the bond trustee through the end of 2024 less trust operating, administration, and legal expenses in liquidating the trust. |
(f) | Fair valued using significant unobservable inputs (see financial note 2(a), Securities for which no quoted value is available, for additional information). |
(g) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
IDA — | Industrial development agency/authority |
ISD — | Independent school district |
LT — | Limited tax |
M/F — | Multi-family |
RB — | Revenue bond |
S/F — | Single-family |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
ULT — | Unlimited tax |
VRDN — | Variable rate demand note |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $56,145,783 | $— | $56,145,783 |
Minnesota | — | 607,914 | 806,778 | 1,414,692 |
Total | $— | $56,753,697 | $806,778 | $57,560,475 |
1 | As categorized in the Portfolio Holdings. |
INVESTMENT IN SECURITIES | VALUE AT August 31, 2023 | GROSS TRANSFERS IN | GROSS TRANSFERS OUT | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | VALUE AT February 29, 2024 |
Municipal Securities | ||||||||
Minnesota | $713,766 | $0 | $0 | $0 | $0 | $0 | $93,012 | $806,778 |
Total | $713,766 | $0 | $0 | $0 | $0 | $0 | $93,012 | $806,778 |
Assets | ||
Investments in securities, at value - unaffiliated (cost $56,693,057) | $57,560,475 | |
Cash | 1,716 | |
Receivables: | ||
Interest | 505,010 | |
Fund shares sold | 143,455 | |
Prepaid expenses | + | 10,194 |
Total assets | 58,220,850 | |
Liabilities | ||
Payables: | ||
Investments bought - delayed-delivery | 3,123,783 | |
Distributions to shareholders | 89,844 | |
Investment adviser fees | 13,273 | |
Fund shares redeemed | 1,305 | |
Accrued expenses | + | 48,870 |
Total liabilities | 3,277,075 | |
Net assets | $54,943,775 | |
Net Assets by Source | ||
Capital received from investors | $61,799,643 | |
Total distributable loss | + | (6,855,868 ) |
Net assets | $54,943,775 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$54,943,775 | 6,049,019 | $9.08 | ||
For the period September 1, 2023 through February 29, 2024; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $902,401 | |
Expenses | ||
Investment adviser and administrator fees | 87,585 | |
Portfolio accounting fees | 15,538 | |
Professional fees | 15,154 | |
Registration fees | 10,616 | |
Independent trustees’ fees | 4,873 | |
Transfer agent fees | 962 | |
Custodian fees | 786 | |
Other expenses | + | 1,387 |
Total expenses | 136,901 | |
Expense reduction | – | 27,307 |
Net expenses | – | 109,594 |
Net investment income | 792,807 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (286,935 ) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 1,819,657 |
Net realized and unrealized gains | 1,532,722 | |
Increase in net assets resulting from operations | $2,325,529 |
OPERATIONS | |||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||
Net investment income | $792,807 | $2,536,704 1 | |
Net realized losses | (286,935 ) | (4,073,435 ) | |
Net change in unrealized appreciation (depreciation) | + | 1,819,657 | 1,875,831 |
Increase in net assets resulting from operations | $2,325,529 | $339,100 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($916,795 ) | ($2,494,917 )1 |
TRANSACTIONS IN FUND SHARES | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 2,662,569 | $23,717,362 | 2,144,718 | $19,213,326 | |
Shares reinvested | 59,525 | 524,897 | 163,840 | 1,460,659 | |
Shares redeemed | + | (1,358,477 ) | (11,986,159 ) | (2,903,398 ) | (25,827,457 ) |
Net transactions in fund shares | 1,363,617 | $12,256,100 | (594,840 ) | ($5,153,472 ) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/23-2/29/24 | 9/1/22-8/31/23 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 4,685,402 | $41,278,941 | 5,280,242 | $48,588,230 | |
Total increase (decrease) | + | 1,363,617 | 13,664,834 | (594,840 ) | (7,309,289 ) |
End of period | 6,049,019 | $54,943,775 | 4,685,402 | $41,278,941 |
1 | Includes a special payment of past due interest income received from defaulted securities (see financial note 2(d) for additional information). |
SCHWAB INVESTMENTS | |
Schwab Tax-Free Bond Fund | Schwab U.S. Aggregate Bond Index Fund |
Schwab California Tax-Free Bond Fund | Schwab Short-Term Bond Index Fund |
Schwab Opportunistic Municipal Bond Fund | Schwab 1000 Index® Fund |
Schwab Treasury Inflation Protected Securities Index Fund | Schwab Global Real Estate Fund |
2. Significant Accounting Policies:
3. Credit and Liquidity Enhancements:
4. Risk Factors:
5. Affiliates and Affiliated Transactions:
6. Board of Trustees:
7. Borrowing from Banks:
8. Purchases and Sales/Maturities of Investment Securities:
PURCHASES OF SECURITIES | SALES/MATURITIES OF SECURITIES | |
Schwab Tax-Free Bond Fund | $407,548,793 | $349,523,207 |
Schwab California Tax-Free Bond Fund | 203,040,227 | 169,750,944 |
Schwab Opportunistic Municipal Bond Fund | 60,774,470 | 47,635,808 |
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Tax-Free Bond Fund | $608,609,160 | $11,331,039 | ($5,764,691 ) | $5,566,348 |
Schwab California Tax-Free Bond Fund | 432,371,652 | 6,686,063 | (4,020,905 ) | 2,665,158 |
Schwab Opportunistic Municipal Bond Fund | 56,693,057 | 1,270,484 | (403,066 ) | 867,418 |
Schwab Tax-Free Bond Fund | $27,643,901 |
Schwab California Tax-Free Bond Fund | 17,349,999 |
Schwab Opportunistic Municipal Bond Fund | 4,815,277 |
PRIOR FISCAL YEAR END DISTRIBUTIONS | ||
TAX-EXEMPT INCOME | ORDINARY INCOME | |
Schwab Tax-Free Bond Fund | $16,403,324 | $— |
Schwab California Tax-Free Bond Fund | 10,379,368 | — |
Schwab Opportunistic Municipal Bond Fund | 2,493,536 | 1,381 |
10. Subsequent Events:
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Michael J. Beer 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 106 | Director (2016 – 2019), Principal Funds, Inc. |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor. | 106 | None |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. | 106 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 106 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 106 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 106 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 106 | None |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Co-Chairman of the Board (July 2022 – present) and Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Co-Chairman of the Board (July 2022 – present) and Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Manager (Sept. 2023 – present), TD Ameritrade Holding LLC; Director (Oct. 2020 – Aug. 2023), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 106 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 106 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Omar Aguilar 1970 Chief Executive Officer, President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), President (Oct. 2023 – present), (Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023 – present), President (Oct. 2023 – present), Chief Investment Officer (June 2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. |
Mark Fischer 1970 Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present), Chief Operating Officer (Oct. 2023 – present), Managing Director (Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles Schwab Investment Management, Inc. |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab & Co., Inc. |
Patrick Cassidy 1964 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Chief Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 – present), Chief Investment Officer (Oct. 2023 – present), and Senior Vice President (Oct. 2012 – Mar. 2023), Charles Schwab Investment Management, Inc. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Managing Director (Mar. 2023 – present), Senior Vice President (Jan. 2020 – Mar. 2023) and Chief Investment Officer (Jan. 2020 – present) Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Chief Legal Officer (Mar. 2022 – present), Managing Director (Mar. 2023 – present) and Vice President (Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (Aug. 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
Credit Ratings
Member SIPC®
Printed on recycled paper.
Item 2: Code of Ethics.
Not applicable to this semi-annual report.
Item 3: Audit Committee Financial Expert.
Not applicable to this semi-annual report.
Item 4: Principal Accountant Fees and Services.
Not applicable to this semi-annual report.
Item 5: Audit Committee of Listed Registrants.
Not applicable to this semi-annual report.
Item 6: Schedule of Investments.
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.
The financial statements and financial highlights are included as part of the report to shareholders filed under Item 1 of this Form.
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9: Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to directors, officers and others are included as part of the report to shareholders filed under Item 1 of this Form.
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.
Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 16: Controls and Procedures.
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Principal Executive Officer, Omar Aguilar and Registrant’s Principal Financial Officer, Dana Smith, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
(b) | During the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18: Recovery of Erroneously Awarded Compensation.
(a) Not applicable.
(b) Not applicable.
Item 19: Exhibits.
(a) | (1) | Code of ethics – not applicable to this semi-annual report. | ||
(2) | Not applicable. | |||
(3) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (the “1940 Act”), are attached. |
(b) |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds
By: | /s/ Omar Aguilar | |
Omar Aguilar Principal Executive Officer | ||
Date: | April 16, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Omar Aguilar | |
Omar Aguilar Principal Executive Officer | ||
Date: | April 16, 2024 |
By: | /s/ Dana Smith | |
Dana Smith Principal Financial Officer | ||
Date: | April 16, 2024 |