PORTFOLIO OF INVESTMENTS – as of March 31, 2022 (Unaudited)
Loomis Sayles Investment Grade Bond Fund
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – 91.1% of Net Assets | ||||||||
Non-Convertible Bonds – 89.8% | ||||||||
ABS Car Loan – 7.1% |
| |||||||
$ 1,828,368 | Ally Auto Receivables Trust, Series 2019-1, Class A3, 2.910%, 9/15/2023 | $ | 1,833,904 | |||||
7,865,000 | American Credit Acceptance Receivables Trust, Series 2019-3, Class D, 2.890%, 9/12/2025, 144A | 7,902,595 | ||||||
3,200,000 | American Credit Acceptance Receivables Trust, Series 2022-1, Class D, 2.460%, 3/13/2028, 144A | 3,026,284 | ||||||
1,965,000 | AmeriCredit Automobile Receivables Trust, Series 2018-2, Class D, 4.010%, 7/18/2024 | 1,986,870 | ||||||
10,515,000 | AmeriCredit Automobile Receivables Trust, Series 2018-3, Class D, 4.040%, 11/18/2024 | 10,637,124 | ||||||
25,880,000 | AmeriCredit Automobile Receivables Trust, Series 2019-1, Class D, 3.620%, 3/18/2025 | 26,107,824 | ||||||
12,340,000 | AmeriCredit Automobile Receivables Trust, Series 2019-2, Class D, 2.990%, 6/18/2025 | 12,298,786 | ||||||
1,395,000 | AmeriCredit Automobile Receivables Trust, Series 2020-2, Class D, 2.130%, 3/18/2026 | 1,355,604 | ||||||
11,000,000 | Avis Budget Rental Car Funding AESOP LLC, Series 2018-2A, Class D, 3.040%, 3/20/2025, 144A | 10,699,425 | ||||||
1,940,000 | Avis Budget Rental Car Funding AESOP LLC, Series 2019-2A, Class A, 3.350%, 9/22/2025, 144A | 1,946,229 | ||||||
8,910,000 | Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class A, 2.020%, 2/20/2027, 144A | 8,442,640 | ||||||
7,500,000 | Avis Budget Rental Car Funding AESOP LLC, Series 2021-2A, Class D, 4.080%, 2/20/2028, 144A | 6,959,534 | ||||||
3,650,000 | CarMax Auto Owner Trust, Series 2018-3, Class D, 3.910%, 1/15/2025 | 3,679,372 | ||||||
13,585,000 | CarMax Auto Owner Trust, Series 2019-1, Class D, 4.040%, 8/15/2025 | 13,690,190 | ||||||
5,811,000 | CarMax Auto Owner Trust, Series 2019-2, Class D, 3.410%, 10/15/2025 | 5,798,849 | ||||||
2,315,000 | CarMax Auto Owner Trust, Series 2019-3, Class D, 2.850%, 1/15/2026 | 2,298,382 | ||||||
4,625,000 | CarMax Auto Owner Trust, Series 2020-1, Class D, 2.640%, 7/15/2026 | 4,492,600 | ||||||
2,550,000 | CarMax Auto Owner Trust, Series 2021-3, Class D, 1.500%, 1/18/2028 | 2,392,449 | ||||||
1,100,000 | CarMax Auto Owner Trust, Series 2022-1, Class D, 2.470%, 7/17/2028 | 1,053,515 | ||||||
19,699,771 | Credit Acceptance Auto Loan Trust, Series 2019-1A, Class C, 3.940%, 6/15/2028, 144A | 19,738,865 | ||||||
2,525,000 | Credit Acceptance Auto Loan Trust, Series 2020-2A, Class C, 2.730%, 11/15/2029, 144A | 2,480,585 | ||||||
275,000 | Credit Acceptance Auto Loan Trust, Series 2020-3A, Class C, 2.280%, 2/15/2030, 144A | 265,376 | ||||||
6,555,000 | Drive Auto Receivables Trust, Series 2018-5, Class D, 4.300%, 4/15/2026 | 6,626,622 | ||||||
14,515,443 | Drive Auto Receivables Trust, Series 2019-1, Class D, 4.090%, 6/15/2026 | 14,638,640 | ||||||
3,700,000 | Drive Auto Receivables Trust, Series 2019-2, Class D, 3.690%, 8/17/2026 | 3,739,097 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Car Loan – continued |
| |||||||
$ 9,229,019 | DT Auto Owner Trust, Series 2019-1A, Class D, 3.870%, 11/15/2024, 144A | $ | 9,286,399 | |||||
3,950,000 | DT Auto Owner Trust, Series 2019-2A, Class D, 3.480%, 2/18/2025, 144A | 3,971,211 | ||||||
3,400,000 | DT Auto Owner Trust, Series 2019-3A, Class D, 2.960%, 4/15/2025, 144A | 3,411,128 | ||||||
10,500,000 | DT Auto Owner Trust, Series 2022-1A, Class D, 3.400%, 12/15/2027, 144A | 10,178,243 | ||||||
7,410,000 | Exeter Automobile Receivables Trust, Series 2021-1A, Class D, 1.080%, 11/16/2026 | 7,115,322 | ||||||
3,790,000 | First Investors Auto Owner Trust, Series 2019-1A, Class D, 3.550%, 4/15/2025, 144A | 3,816,665 | ||||||
2,660,000 | First Investors Auto Owner Trust, Series 2022-1A, Class D, 3.790%, 6/15/2028, 144A | 2,589,819 | ||||||
4,610,000 | Flagship Credit Auto Trust, Series 2019-3, Class D, 2.860%, 12/15/2025, 144A | 4,564,816 | ||||||
22,998,381 | Ford Credit Auto Owner Trust, Series 2020-B, Class A3, 0.560%, 10/15/2024 | 22,805,585 | ||||||
15,340,000 | Ford Credit Auto Owner Trust, Series 2020-C, Class A3, 0.410%, 7/15/2025 | 15,107,636 | ||||||
27,290,000 | Ford Credit Auto Owner Trust, Series 2021-A, Class A3, 0.300%, 8/15/2025 | 26,641,363 | ||||||
8,555,000 | GLS Auto Receivables Trust, Series 2019-2A, Class C, 3.540%, 2/18/2025, 144A | 8,630,468 | ||||||
1,025,639 | GM Financial Consumer Automobile Receivables Trust, Series 2019-1, Class A3, 2.970%, 11/16/2023 | 1,027,183 | ||||||
3,110,171 | GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class A3, 1.840%, 9/16/2024 | 3,111,175 | ||||||
10,120,000 | GM Financial Consumer Automobile Receivables Trust, Series 2021-1, Class A3, 0.350%, 10/16/2025 | 9,923,330 | ||||||
21,335,000 | GM Financial Consumer Automobile Receivables Trust, Series 2021-2, Class A3, 0.510%, 4/16/2026 | 20,679,885 | ||||||
1,400,000 | GMF Floorplan Owner Revolving Trust, Series 2020-1, Class C, 1.480%, 8/15/2025, 144A | 1,380,240 | ||||||
645,754 | Honda Auto Receivables Owner Trust, Series 2019-1, Class A3, 2.830%, 3/20/2023 | 647,354 | ||||||
16,245,000 | Honda Auto Receivables Owner Trust, Series 2021-1, Class A3, 0.270%, 4/21/2025 | 15,905,543 | ||||||
1,890,526 | JPMorgan Chase Bank NA, Series 2021-1, Class D, 1.174%, 9/25/2028, 144A | 1,856,902 | ||||||
3,261,462 | Nissan Auto Receivables Owner Trust, Series 2019-C, Class A3, 1.930%, 7/15/2024 | 3,267,775 | ||||||
12,924,381 | Nissan Auto Receivables Owner Trust, Series 2020-B, Class A3, 0.550%, 7/15/2024 | 12,832,721 | ||||||
4,350,000 | Prestige Auto Receivables Trust, Series 2020-1A, Class E, 3.670%, 2/15/2028, 144A | 4,300,545 | ||||||
21,362,932 | Santander Drive Auto Receivables Trust, Series 2019-1, Class D, 3.650%, 4/15/2025 | 21,481,761 | ||||||
6,995,000 | Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.220%, 7/15/2025 | 7,023,077 | ||||||
8,455,000 | Santander Drive Auto Receivables Trust, Series 2019-3, Class D, 2.680%, 10/15/2025 | 8,485,678 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Car Loan – continued |
| |||||||
$ 12,815,000 | Santander Drive Auto Receivables Trust, Series 2020-1, Class D, 5.350%, 3/15/2028 | $ | 13,127,129 | |||||
2,900,000 | Santander Drive Auto Receivables Trust, Series 2020-2, Class D, 2.220%, 9/15/2026 | 2,877,664 | ||||||
2,392,471 | Toyota Auto Receivables Owner Trust, Series 2021-A, Class A2, 0.160%, 7/17/2023 | 2,389,369 | ||||||
10,888,065 | Westlake Automobile Receivables Trust, Series 2019-1A, Class D, 3.670%, 3/15/2024, 144A | 10,944,694 | ||||||
|
| |||||||
433,472,041 | ||||||||
|
| |||||||
ABS Credit Card – 0.3% |
| |||||||
3,460,000 | Brex Commercial Charge Card Master Trust, Series 2021-1, Class A, 2.090%, 7/15/2024, 144A | 3,420,644 | ||||||
6,355,000 | Mercury Financial Credit Card Master Trust, Series 2021-1A, Class A, 1.540%, 3/20/2026, 144A | 6,166,743 | ||||||
5,000,000 | Mercury Financial Credit Card Master Trust, Series 2021-1A, Class C, 4.210%, 3/20/2026, 144A | 4,888,442 | ||||||
1,525,000 | Mission Lane Credit Card Master Trust, Series 2021-A, Class B, 2.240%, 9/15/2026, 144A | 1,490,530 | ||||||
|
| |||||||
15,966,359 | ||||||||
|
| |||||||
ABS Home Equity – 4.8% |
| |||||||
15,451,000 | American Homes 4 Rent, Series 2015-SFR1, Class E, 5.639%, 4/17/2052, 144A | 15,785,842 | ||||||
1,250,000 | Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class B2, 4.750%, 1/28/2055, 144A(a) | 1,239,296 | ||||||
1,716,572 | Brass PLC, Series 8A, Class A1, 3-month LIBOR + 0.700%, 1.159%, 11/16/2066, 144A(b) | 1,719,887 | ||||||
10,390,000 | CAFL Issuer LLC, Series 2021-RTL1, Class A1, 2.239%, 3/28/2029, 144A(a) | 9,830,482 | ||||||
1,563,386 | Citigroup Mortgage Loan Trust, Series 2019-E, Class A1, 3.228%, 11/25/2070, 144A(a) | 1,562,833 | ||||||
4,275,040 | Citigroup Mortgage Loan Trust, Series 2019-RP1, Class A1, 3.500%, 1/25/2066, 144A(a) | 4,243,464 | ||||||
2,434,000 | CoreVest American Finance Trust, Series 2019-1, Class D, 4.818%, 3/15/2052, 144A | 2,467,105 | ||||||
3,871,845 | CoreVest American Finance Trust, Series 2019-3, Class A, 2.705%, 10/15/2052, 144A | 3,780,519 | ||||||
2,929,000 | CoreVest American Finance Trust, Series 2019-3, Class B, 3.163%, 10/15/2052, 144A | 2,769,353 | ||||||
1,259,000 | CoreVest American Finance Trust, Series 2020-2, Class C, 4.746%, 5/15/2052, 144A(a) | 1,273,192 | ||||||
1,870,000 | CoreVest American Finance Trust, Series 2021-3, Class D, 3.469%, 10/15/2054, 144A | 1,675,758 | ||||||
3,548,243 | Credit Suisse Mortgage Trust, Series 2020-RPL3, Class A1, 2.691%, 3/25/2060, 144A(a) | 3,479,912 | ||||||
5,873,249 | Credit Suisse Mortgage Trust, Series 2021-RPL1, Class A1, 1.668%, 9/27/2060, 144A(a) | 5,643,801 | ||||||
1,515,000 | FirstKey Homes Trust, Series 2020-SFR1, Class E, 2.791%, 8/17/2037, 144A | 1,412,451 | ||||||
11,696,000 | FirstKey Homes Trust, Series 2020-SFR2, Class D, 1.968%, 10/19/2037, 144A | 10,707,062 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Home Equity – continued |
| |||||||
$ 3,083,000 | FirstKey Homes Trust, Series 2020-SRF1, Class D, 2.241%, 8/17/2037, 144A | $ | 2,867,493 | |||||
4,996,488 | GCAT Trust, Series 2019-RPL1, Class A1, 2.650%, 10/25/2068, 144A(a) | 4,909,313 | ||||||
146,994 | Gosforth Funding PLC, Series 2018-1A, Class A1, 3-month LIBOR + 0.450%, 0.948%, 8/25/2060, 144A(b) | 146,976 | ||||||
2,534,622 | Home Partners of America Trust, Series 2019-1, Class D, 3.406%, 9/17/2039, 144A | 2,366,479 | ||||||
2,463,142 | Home Partners of America Trust, Series 2019-2, Class D, 3.121%, 10/19/2039, 144A | 2,249,583 | ||||||
1,069,599 | Home Partners of America Trust, Series 2021-1, Class E, 2.577%, 9/17/2041, 144A | 962,997 | ||||||
10,677,213 | Home Partners of America Trust, Series 2021-2, Class E1, 2.852%, 12/17/2026, 144A | 9,990,199 | ||||||
5,328,674 | Home Partners of America Trust, Series 2021-2, Class E2, 2.952%, 12/17/2026, 144A | 4,830,624 | ||||||
2,304,638 | Invitation Homes Trust, Series 2018-SFR2, Class B, 1-month LIBOR + 1.080%, 1.477%, 6/17/2037, 144A(b) | 2,285,655 | ||||||
282,713 | Invitation Homes Trust, Series 2018-SFR3, Class B, 1-month LIBOR + 1.150%, 1.591%, 7/17/2037, 144A(b) | 280,100 | ||||||
7,020,000 | Lanark Master Issuer PLC, Series 2019-2A, Class 1A, 2.710%, 12/22/2069, 144A(a) | 7,041,095 | ||||||
895,000 | Lanark Master Issuer PLC, Series 2020-1A, Class 1A, 2.277%, 12/22/2069, 144A(a) | 897,074 | ||||||
9,019,892 | Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 3.250%, 11/25/2059, 144A(a) | 8,979,038 | ||||||
6,301,182 | Legacy Mortgage Asset Trust, Series 2020-GS1, Class A1, 2.882%, 10/25/2059, 144A(a) | 6,300,910 | ||||||
1,673,812 | Legacy Mortgage Asset Trust, Series 2020-GS5, Class A1, 3.250%, 6/25/2060, 144A(a) | 1,659,196 | ||||||
2,329,098 | Legacy Mortgage Asset Trust, Series 2021-GS4, Class A1, 1.650%, 11/25/2060, 144A(a) | 2,197,698 | ||||||
1,467,786 | Mill City Mortgage Loan Trust, Series 2018-2, Class M1, 3.750%, 5/25/2058, 144A(a) | 1,449,496 | ||||||
2,924,010 | Mill City Mortgage Loan Trust, Series 2019-1, Class A1, 3.250%, 10/25/2069, 144A(a) | 2,896,355 | ||||||
2,744,944 | Mill City Mortgage Loan Trust, Series 2019-1, Class M1, 3.500%, 10/25/2069, 144A(a) | 2,697,469 | ||||||
6,404,263 | Mill City Mortgage Loan Trust, Series 2019-GS1, Class A1, 2.750%, 7/25/2059, 144A(a) | 6,367,664 | ||||||
4,732,000 | Progress Residential Trust, Series 2019-SFR2, Class D, 3.794%, 5/17/2036, 144A | 4,634,423 | ||||||
1,690,000 | Progress Residential Trust, Series 2019-SFR2, Class E, 4.142%, 5/17/2036, 144A | 1,648,905 | ||||||
3,860,000 | Progress Residential Trust, Series 2019-SFR4, Class D, 3.136%, 10/17/2036, 144A | 3,728,119 | ||||||
155,000 | Progress Residential Trust, Series 2020-SFR2, Class C, 3.077%, 6/17/2037, 144A | 149,226 | ||||||
295,000 | Progress Residential Trust, Series 2020-SFR3, Class B, 1.495%, 10/17/2027, 144A | 270,211 | ||||||
1,818,000 | Progress Residential Trust, Series 2020-SFR3, Class E, 2.296%, 10/17/2027, 144A | 1,635,742 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Home Equity – continued |
| |||||||
$ 5,780,000 | Progress Residential Trust, Series 2021-SFR2, Class E1, 2.547%, 4/19/2038, 144A | $ | 5,239,618 | |||||
2,420,000 | Progress Residential Trust, Series 2021-SFR3, Class E1, 2.538%, 5/17/2026, 144A | 2,162,751 | ||||||
2,015,000 | Progress Residential Trust, Series 2021-SFR3, Class E2, 2.688%, 5/17/2026, 144A | 1,796,073 | ||||||
3,575,000 | Progress Residential Trust, Series 2021-SFR6, Class E1, 2.425%, 7/17/2038, 144A | 3,167,732 | ||||||
1,795,000 | Progress Residential Trust, Series 2021-SFR6, Class E2, 2.525%, 7/17/2038, 144A | 1,584,716 | ||||||
1,400,000 | Progress Residential Trust, Series 2021-SFR9, Class E1, 2.811%, 11/17/2040, 144A | 1,218,567 | ||||||
960,000 | Progress Residential Trust, Series 2021-SFR9, Class E2, 3.010%, 11/17/2040, 144A | 831,582 | ||||||
4,800,048 | PRPM LLC, Series 2020-4, Class A1, 2.951%, 10/25/2025, 144A(a) | 4,677,142 | ||||||
7,991,423 | PRPM LLC, Series 2021-1, Class A1, 2.115%, 1/25/2026, 144A(a) | 7,679,185 | ||||||
6,666,024 | PRPM LLC, Series 2021-10, Class A1, 2.487%, 10/25/2026, 144A(a) | 6,400,509 | ||||||
297,194 | PRPM LLC, Series 2021-2, Class A1, 2.115%, 3/25/2026, 144A(a) | 287,122 | ||||||
7,029,353 | PRPM LLC, Series 2021-8, Class A1, 1.743%, 9/25/2026, 144A(a) | 6,661,284 | ||||||
520,709 | Sequoia Mortgage Trust, Series 2017-CH2, Class A1, 4.000%, 12/25/2047, 144A(a) | 521,262 | ||||||
520,443 | Sequoia Mortgage Trust, Series 2019-CH2, Class A1, 4.500%, 8/25/2049, 144A(a) | 522,462 | ||||||
4,930,000 | Towd Point Mortgage Trust, Series 2017-4, Class M2, 3.250%, 6/25/2057, 144A(a) | 4,711,147 | ||||||
6,390,000 | Towd Point Mortgage Trust, Series 2017-5, Class M2, 1-month LIBOR + 1.500%, 1.957%, 2/25/2057, 144A(b) | 6,390,406 | ||||||
1,775,000 | Towd Point Mortgage Trust, Series 2018-4, Class A2, 3.000%, 6/25/2058, 144A(a) | 1,693,249 | ||||||
1,943,340 | Towd Point Mortgage Trust, Series 2018-5, Class M1, 3.250%, 7/25/2058, 144A(a) | 1,872,061 | ||||||
17,610,000 | Towd Point Mortgage Trust, Series 2019-2, Class M1, 3.750%, 12/25/2058, 144A(a) | 17,254,542 | ||||||
6,075,090 | Towd Point Mortgage Trust, Series 2019-4, Class A1, 2.900%, 10/25/2059, 144A(a) | 5,965,067 | ||||||
3,325,000 | Towd Point Mortgage Trust, Series 2020-1, Class A2B, 3.250%, 1/25/2060, 144A(a) | 3,237,074 | ||||||
3,950,000 | Tricon American Homes, Series 2020-SFR1, Class D, 2.548%, 7/17/2038, 144A | 3,611,655 | ||||||
2,575,000 | Tricon American Homes Trust, Series 2019-SFR1, Class D, 3.198%, 3/17/2038, 144A | 2,446,841 | ||||||
14,873,223 | VCAT Asset Securitization LLC, Series 2021-NPL6, Class A1, 1.917%, 9/25/2051, 144A(a) | 14,195,023 | ||||||
1,840,698 | VCAT LLC, Series 2021-NPL1, Class A1, 2.289%, 12/26/2050, 144A(a) | 1,791,261 | ||||||
9,479,176 | VCAT LLC, Series 2021-NPL5, Class A1, 1.868%, 8/25/2051, 144A(a) | 9,100,985 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Home Equity – continued |
| |||||||
$ 2,839,797 | VOLT XCII LLC, Series 2021-NPL1, Class A1, 1.893%, 2/27/2051, 144A(a) | $ | 2,751,487 | |||||
7,321,534 | VOLT XCIII LLC, Series 2021-NPL2, Class A1, 1.893%, 2/27/2051, 144A(a) | 7,094,990 | ||||||
6,595,173 | VOLT XCIV LLC, Series 2021-NPL3, Class A1, 2.240%, 2/27/2051, 144A(a) | 6,336,053 | ||||||
4,697,396 | VOLT XCVI LLC, Series 2021-NPL5, Class A1, 2.116%, 3/27/2051, 144A(a) | 4,573,937 | ||||||
9,279,613 | VOLT XCVII LLC, Series 2021-NPL6, Class A1, 2.240%, 4/25/2051, 144A(a) | 8,973,602 | ||||||
|
| |||||||
295,782,382 | ||||||||
|
| |||||||
ABS Other – 3.0% |
| |||||||
6,698,573 | Apollo Aviation Securitization Equity Trust, Series 2021-1A, Class A, 2.950%, 11/16/2041, 144A | 5,530,235 | ||||||
11,270,000 | BHG Securitization Trust, Series 2022-A, Class B, 2.700%, 2/20/2035, 144A | 10,769,480 | ||||||
4,367,668 | Business Jet Securities LLC, Series 2021-1A, Class A, 2.162%, 4/15/2036, 144A | 4,061,610 | ||||||
7,634,375 | CAL Funding IV Ltd., Series 2020-1A, Class A, 2.220%, 9/25/2045, 144A | 7,097,110 | ||||||
7,128,913 | CLI Funding VI LLC, Series 2020-3A, Class A, 2.070%, 10/18/2045, 144A | 6,590,173 | ||||||
5,297,773 | CLI Funding VIII LLC, Series 2021-1A, Class A, 1.640%, 2/18/2046, 144A | 4,809,399 | ||||||
940,000 | Dell Equipment Finance Trust, Series 2020-2, Class C, 1.370%, 1/22/2024, 144A | 924,977 | ||||||
945,000 | Dell Equipment Finance Trust, Series 2020-2, Class D, 1.920%, 3/23/2026, 144A | 935,032 | ||||||
2,620,386 | Horizon Aircraft Finance II Ltd., Series 2019-1, Class A, 3.721%, 7/15/2039, 144A | 2,335,585 | ||||||
1,584,436 | HPEFS Equipment Trust, Series 2019-1A, Class C, 2.490%, 9/20/2029, 144A | 1,587,438 | ||||||
3,645,000 | HPEFS Equipment Trust, Series 2020-1A, Class D, 2.260%, 2/20/2030, 144A | 3,619,654 | ||||||
1,980,000 | HPEFS Equipment Trust, Series 2020-2A, Class C, 2.000%, 7/22/2030, 144A | 1,973,345 | ||||||
2,795,000 | HPEFS Equipment Trust, Series 2021-1A, Class D, 1.030%, 3/20/2031, 144A | 2,662,021 | ||||||
3,135,000 | HPEFS Equipment Trust, Series 2022-1A, Class D, 2.400%, 11/20/2029, 144A | 2,998,609 | ||||||
7,117,241 | Kestrel Aircraft Funding Ltd., Series 2018-1A, Class A, 4.250%, 12/15/2038, 144A | 6,476,573 | ||||||
8,777,823 | Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A, 2.636%, 10/15/2046, 144A | 7,874,945 | ||||||
10,643,815 | MAPS Ltd., Series 2018-1A, Class A, 4.212%, 5/15/2043, 144A | 9,952,774 | ||||||
2,546,811 | MAPS Ltd., Series 2019-1A, Class A, 4.458%, 3/15/2044, 144A | 2,375,259 | ||||||
1,916,547 | Merlin Aviation Holdings DAC, Series 2016-1, Class A, 4.500%, 12/15/2032, 144A(a) | 1,554,690 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued | ||||||||
ABS Other – continued | ||||||||
$ 588,435 | MVW LLC, Series 2020-1A, Class C, 4.210%, 10/20/2037, 144A | $ | 584,850 | |||||
372,337 | MVW Owner Trust, Series 2019-1A, Class C, 3.330%, 11/20/2036, 144A | 363,031 | ||||||
13,404,792 | Navigator Aircraft ABS Ltd., Series 2021-1, Class A, 2.771%, 11/15/2046, 144A(a) | 12,344,347 | ||||||
8,040,000 | OneMain Financial Issuance Trust, Series 2019-1A, Class D, 4.220%, 2/14/2031, 144A | 8,051,088 | ||||||
4,675,000 | OneMain Financial Issuance Trust, Series 2020-1A, Class B, 4.830%, 5/14/2032, 144A | 4,727,641 | ||||||
6,585,000 | OneMain Financial Issuance Trust, Series 2020-2A, Class A, 1.750%, 9/14/2035, 144A | 6,110,722 | ||||||
13,710,394 | S-Jets Ltd., Series 2017-1, Class A, 3.967%, 8/15/2042, 144A | 11,616,001 | ||||||
530,000 | SCF Equipment Leasing LLC, Series 2021-1A, Class D, 1.930%, 9/20/2030, 144A | 494,508 | ||||||
2,555,000 | SCF Equipment Leasing LLC, Series 2022-1A, Class D, 3.790%, 11/20/2031, 144A | 2,483,394 | ||||||
1,123,620 | Sierra Timeshare Receivables Funding LLC, Series 2021-1A, Class C, 1.790%, 11/20/2037, 144A | 1,079,914 | ||||||
490,000 | SLM Private Credit Student Loan Trust, Series 2003-C, Class A3, 28-day ARS, 3.949%, 9/15/2032(b) | 487,049 | ||||||
850,000 | SLM Private Credit Student Loan Trust, Series 2003-C, Class A4, 28-day ARS, 3.806%, 9/15/2032(b) | 844,881 | ||||||
1,412,897 | SoFi Consumer Loan Program Trust, Series 2018-4, Class C, 4.170%, 11/26/2027, 144A | 1,418,120 | ||||||
6,127,693 | SoFi Consumer Loan Program Trust, Series 2019-1, Class C, 3.730%, 2/25/2028, 144A | 6,141,199 | ||||||
4,583,944 | SoFi Consumer Loan Program Trust, Series 2019-2, Class C, 3.460%, 4/25/2028, 144A | 4,602,686 | ||||||
10,531,333 | SoFi Consumer Loan Program Trust, Series 2019-3, Class C, 3.350%, 5/25/2028, 144A | 10,558,861 | ||||||
7,370,000 | SoFi Consumer Loan Program Trust, Series 2019-4, Class C, 2.840%, 8/25/2028, 144A | 7,360,426 | ||||||
5,881,867 | Textainer Marine Containers VII Ltd., Series 2021-1A, Class A, 1.680%, 2/20/2046, 144A | 5,322,151 | ||||||
6,203,358 | TIF Funding II LLC, Series 2021-1A, Class A, 1.650%, 2/20/2046, 144A | 5,568,700 | ||||||
12,421,125 | Triton Container Finance VIII LLC, Series 2021-1A, Class A, 1.860%, 3/20/2046, 144A | 11,238,315 | ||||||
|
| |||||||
185,526,793 | ||||||||
|
| |||||||
ABS Student Loan – 0.9% | ||||||||
745,000 | College Ave Student Loans LLC, Series 2021-A, Class C, 2.920%, 7/25/2051, 144A | 705,763 | ||||||
3,324,438 | Commonbond Student Loan Trust, Series 2020-1, Class A, 1.690%, 10/25/2051, 144A | 3,091,418 | ||||||
2,503,678 | EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021-A, Class A, 1.800%, 11/25/2045, 144A | 2,265,383 | ||||||
3,847,261 | ELFI Graduate Loan Program LLC, Series 2019-A, Class A, 2.540%, 3/25/2044, 144A | 3,794,765 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Student Loan – continued |
| |||||||
$ 6,103,492 | Laurel Road Prime Student Loan Trust, Series 2020-A, Class A2FX, 1.400%, 11/25/2050, 144A | $ | 5,839,875 | |||||
1,117,508 | Navient Private Education Refi Loan Trust, Series 2020-HA, Class A, 1.310%, 1/15/2069, 144A | 1,082,100 | ||||||
4,006,408 | Navient Private Education Refi Loan Trust, Series 2021-A, Class A, 0.840%, 5/15/2069, 144A | 3,825,116 | ||||||
560,000 | Navient Private Education Refi Loan Trust, Series 2021-A, Class B, 2.240%, 5/15/2069, 144A | 513,806 | ||||||
2,105,000 | Navient Private Education Refi Loan Trust, Series 2021-EA, Class B, 2.030%, 12/16/2069, 144A | 1,841,240 | ||||||
4,790,000 | Navient Private Education Refi Loan Trust, Series 2021-FA, Class B, 2.120%, 2/18/2070, 144A | 4,312,480 | ||||||
439,000 | SLM Private Credit Student Loan Trust, Series 2003-A, Class A3, 28-day ARS, 3.957%, 6/15/2032(b) | 435,106 | ||||||
339,000 | SLM Private Credit Student Loan Trust, Series 2003-A, Class A4, 28-day ARS, 3.821%, 6/15/2032(b) | 335,993 | ||||||
666,000 | SLM Private Credit Student Loan Trust, Series 2003-B, Class A3, 28-day ARS, 3.810%, 3/15/2033(b) | 661,297 | ||||||
449,000 | SLM Private Credit Student Loan Trust, Series 2003-B, Class A4, 28-day ARS, 3.852%, 3/15/2033(b) | 445,829 | ||||||
2,500,000 | SMB Private Education Loan Trust, Series 2015-C, Class B, 3.500%, 9/15/2043, 144A | 2,447,727 | ||||||
565,000 | SMB Private Education Loan Trust, Series 2018-B, Class B, 4.000%, 7/15/2042, 144A | 563,480 | ||||||
1,525,000 | SMB Private Education Loan Trust, Series 2018-C, Class B, 4.000%, 11/17/2042, 144A | 1,521,040 | ||||||
7,032,964 | SMB Private Education Loan Trust, Series 2019-A, Class A2A, 3.440%, 7/15/2036, 144A | 7,042,421 | ||||||
11,647,629 | SMB Private Education Loan Trust, Series 2019-B, Class A2A, 2.840%, 6/15/2037, 144A | 11,494,639 | ||||||
930,294 | SMB Private Education Loan Trust, Series 2020-A, Class A2A, 2.230%, 9/15/2037, 144A | 897,688 | ||||||
|
| |||||||
53,117,166 | ||||||||
|
| |||||||
ABS Whole Business – 1.2% |
| |||||||
9,472,569 | Adams Outdoor Advertising LP, Series 2018-1, Class A, 4.810%, 11/15/2048, 144A | 9,589,251 | ||||||
3,595,000 | Adams Outdoor Advertising LP, Series 2018-1, Class B, 5.653%, 11/15/2048, 144A | 3,622,108 | ||||||
7,114,575 | DB Master Finance LLC, Series 2019-1A, Class A23, 4.352%, 5/20/2049, 144A | 7,108,108 | ||||||
2,867,520 | Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118%, 7/25/2047, 144A | 2,843,622 | ||||||
5,138,393 | Domino’s Pizza Master Issuer LLC, Series 2018-1A, Class A2II, 4.328%, 7/25/2048, 144A | 5,136,635 | ||||||
4,032,700 | Domino’s Pizza Master Issuer LLC, Series 2019-1A, Class A2, 3.668%, 10/25/2049, 144A | 3,866,057 | ||||||
15,353,975 | Domino’s Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.662%, 4/25/2051, 144A | 14,234,931 | ||||||
3,956,500 | Planet Fitness Master Issuer LLC, Series 2018-1A, Class A2II, 4.666%, 9/05/2048, 144A | 3,952,860 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
ABS Whole Business – continued |
| |||||||
$ 1,650,998 | Planet Fitness Master Issuer LLC, Series 2019-1A, Class A2, 3.858%, 12/05/2049, 144A | $ | 1,552,114 | |||||
17,183,325 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.540%, 2/25/2044, 144A | 17,260,162 | ||||||
2,465,563 | Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.884%, 3/15/2048, 144A | 2,438,495 | ||||||
2,019,850 | Wingstop Funding LLC, Series 2020-1A, Class A2, 2.841%, 12/05/2050, 144A | 1,873,362 | ||||||
|
| |||||||
73,477,705 | ||||||||
|
| |||||||
Aerospace & Defense – 2.3% |
| |||||||
13,620,000 | BAE Systems PLC, 3.400%, 4/15/2030, 144A | 13,420,697 | ||||||
29,500,000 | Boeing Co. (The), 2.196%, 2/04/2026 | 27,889,786 | ||||||
3,780,000 | Boeing Co. (The), 2.250%, 6/15/2026 | 3,572,888 | ||||||
4,874,000 | Boeing Co. (The), 2.950%, 2/01/2030 | 4,516,059 | ||||||
655,000 | Boeing Co. (The), 3.100%, 5/01/2026 | 643,545 | ||||||
3,225,000 | Boeing Co. (The), 3.200%, 3/01/2029 | 3,073,195 | ||||||
9,088,000 | Boeing Co. (The), 3.375%, 6/15/2046 | 7,518,048 | ||||||
3,564,000 | Boeing Co. (The), 3.625%, 3/01/2048 | 3,024,430 | ||||||
14,352,000 | Boeing Co. (The), 3.750%, 2/01/2050 | 12,839,156 | ||||||
1,932,000 | Boeing Co. (The), 3.825%, 3/01/2059 | 1,586,763 | ||||||
2,501,000 | Boeing Co. (The), 3.850%, 11/01/2048 | 2,192,811 | ||||||
4,740,000 | Boeing Co. (The), 5.150%, 5/01/2030 | 5,055,010 | ||||||
4,875,000 | Boeing Co. (The), 5.805%, 5/01/2050 | 5,629,343 | ||||||
4,465,000 | Embraer Netherlands Finance BV, 5.050%, 6/15/2025 | 4,509,695 | ||||||
4,350,000 | Embraer Netherlands Finance BV, 5.400%, 2/01/2027 | 4,420,731 | ||||||
6,885,000 | Huntington Ingalls Industries, Inc., 3.844%, 5/01/2025 | 6,958,546 | ||||||
4,245,000 | Huntington Ingalls Industries, Inc., 4.200%, 5/01/2030 | 4,415,000 | ||||||
650,000 | Leonardo U.S. Holdings, Inc., 7.375%, 7/15/2039 | 809,978 | ||||||
1,335,000 | Spirit AeroSystems, Inc., 4.600%, 6/15/2028 | 1,253,118 | ||||||
29,075,000 | Textron, Inc., 3.000%, 6/01/2030 | 27,746,486 | ||||||
|
| |||||||
141,075,285 | ||||||||
|
|
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Airlines – 0.8% |
| |||||||
$ 1,614,374 | American Airlines Pass Through Trust, Series 2015-2, Class B, 4.400%, 3/22/2025 | $ | 1,559,469 | |||||
5,727,570 | American Airlines Pass Through Trust, Series 2016-1, Class B, 5.250%, 7/15/2025 | 5,579,684 | ||||||
11,953,074 | American Airlines Pass Through Trust, Series 2016-3, Class A, 3.250%, 4/15/2030 | 10,700,824 | ||||||
1,325,255 | American Airlines Pass Through Trust, Series 2016-3, Class B, 3.750%, 4/15/2027 | 1,218,585 | ||||||
5,143,073 | American Airlines Pass Through Trust, Series 2017-2, Class A, 3.600%, 4/15/2031 | 4,741,404 | ||||||
2,881,086 | American Airlines Pass Through Trust, Series 2017-2, Class B, 3.700%, 4/15/2027 | 2,706,778 | ||||||
16,986,882 | American Airlines Pass Through Trust, Series 2019-1, Class B, 3.850%, 8/15/2029 | 15,175,571 | ||||||
5,564,069 | British Airways Pass Through Trust, Series 2019-1, Class A, 3.350%, 12/15/2030, 144A | 5,204,018 | ||||||
2,372,435 | United Airlines Pass Through Trust, Series 2018-1, Class A, 3.700%, 9/01/2031 | 2,210,016 | ||||||
|
| |||||||
49,096,349 | ||||||||
|
| |||||||
Automotive – 2.2% |
| |||||||
25,580,000 | American Honda Finance Corp., MTN, 0.550%, 7/12/2024 | 24,395,257 | ||||||
5,274,000 | Cummins, Inc., 6.750%, 2/15/2027 | 6,071,884 | ||||||
29,605,000 | Ford Motor Co., 3.250%, 2/12/2032 | 26,441,114 | ||||||
2,360,000 | Ford Motor Credit Co. LLC, 3.625%, 6/17/2031 | 2,131,729 | ||||||
9,966,000 | General Motors Co., 5.200%, 4/01/2045 | 10,087,350 | ||||||
27,915,000 | General Motors Co., 5.400%, 4/01/2048 | 29,348,469 | ||||||
205,000 | General Motors Co., 5.950%, 4/01/2049 | 227,815 | ||||||
9,600,000 | General Motors Co., 6.250%, 10/02/2043 | 10,884,503 | ||||||
24,360,000 | Volkswagen Group of America Finance LLC, 0.875%, 11/22/2023, 144A | 23,525,088 | ||||||
2,895,000 | Volkswagen Group of America Finance LLC, 3.350%, 5/13/2025, 144A | 2,885,913 | ||||||
|
| |||||||
135,999,122 | ||||||||
|
| |||||||
Banking – 9.4% |
| |||||||
5,125,000 | Ally Financial, Inc., 2.200%, 11/02/2028 | 4,629,755 | ||||||
300,000 | Ally Financial, Inc., 3.875%, 5/21/2024 | 303,443 | ||||||
39,613,000 | Ally Financial, Inc., 4.625%, 3/30/2025 | 40,824,168 | ||||||
2,835,000 | Ally Financial, Inc., 5.750%, 11/20/2025 | 2,981,294 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Banking – continued |
| |||||||
$ 1,468,000 | Ally Financial, Inc., 8.000%, 11/01/2031 | $ | 1,821,820 | |||||
10,155,000 | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander, 5.375%, 4/17/2025, 144A | 10,597,098 | ||||||
5,800,000 | Banco Santander S.A., 2.749%, 12/03/2030 | 5,104,551 | ||||||
49,304,000 | Bank of America Corp., (fixed rate to 12/20/2027, variable rate thereafter), 3.419%, 12/20/2028 | 48,805,746 | ||||||
100,000 | Bank of America Corp., MTN, 4.250%, 10/22/2026 | 102,927 | ||||||
25,627,000 | Bank of America Corp., Series L, MTN, 4.183%, 11/25/2027 | 26,127,923 | ||||||
24,260,000 | Barclays PLC, (fixed rate to 11/24/2026, variable rate thereafter), 2.279%, 11/24/2027 | 22,522,490 | ||||||
4,287,000 | Barclays PLC, (fixed rate to 6/20/2029, variable rate thereafter), 5.088%, 6/20/2030 | 4,446,972 | ||||||
18,255,000 | Barclays PLC, (fixed rate to 9/23/2030, variable rate thereafter), 3.564%, 9/23/2035 | 16,813,452 | ||||||
3,335,000 | BBVA Bancomer S.A., 1.875%, 9/18/2025, 144A | 3,178,255 | ||||||
14,045,000 | BNP Paribas S.A., (fixed rate to 1/20/2027, variable rate thereafter), 2.591%, 1/20/2028, 144A | 13,217,816 | ||||||
22,500,000 | BNP Paribas S.A., (fixed rate to 3/01/2028, variable rate thereafter), 4.375%, 3/01/2033, 144A | 22,323,412 | ||||||
460,000 | Capital One Financial Corp., 4.200%, 10/29/2025 | 470,515 | ||||||
1,230,000 | Citigroup, Inc., 4.125%, 7/25/2028 | 1,248,614 | ||||||
7,155,000 | Credit Agricole S.A., (fixed rate to 1/10/2028, variable rate thereafter), 4.000%, 1/10/2033, 144A | 7,035,655 | ||||||
15,615,000 | Credit Suisse AG, 0.495%, 2/02/2024 | 14,937,777 | ||||||
14,200,000 | Danske Bank A/S, 5.375%, 1/12/2024, 144A | 14,640,758 | ||||||
3,390,000 | Danske Bank A/S, (fixed rate to 12/20/2024, variable rate thereafter), 3.244%, 12/20/2025, 144A | 3,340,137 | ||||||
4,690,000 | Deutsche Bank AG, (fixed rate to 10/14/2030, variable rate thereafter), 3.729%, 1/14/2032 | 4,183,235 | ||||||
2,640,000 | Deutsche Bank AG, (fixed rate to 12/01/2027, variable rate thereafter), 4.875%, 12/01/2032 | 2,534,241 | ||||||
9,260,000 | Deutsche Bank AG, (fixed rate to 9/18/2023, variable rate thereafter), 2.222%, 9/18/2024 | 9,057,366 | ||||||
6,235,000 | Deutsche Bank AG, (fixed rate to 9/18/2030, variable rate thereafter), 3.547%, 9/18/2031 | 5,879,501 | ||||||
19,755,000 | Deutsche Bank AG, Series E, 0.962%, 11/08/2023 | 19,152,843 | ||||||
70,245,000 | JPMorgan Chase & Co., 4.125%, 12/15/2026 | 72,688,436 | ||||||
28,715,000 | JPMorgan Chase & Co., (fixed rate to 3/24/2030, variable rate thereafter), 4.493%, 3/24/2031 | 30,436,122 | ||||||
12,025,000 | JPMorgan Chase & Co., (fixed rate to 4/22/2026, variable rate thereafter), 1.578%, 4/22/2027 | 11,199,820 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued | ||||||||
Banking – continued | ||||||||
$ | 100,000 | KeyBank NA, 6.950%, 2/01/2028 | $ | 115,874 | ||||
30,210,000 | Morgan Stanley, (fixed rate to 1/25/2023, variable rate thereafter), MTN, 0.529%, 1/25/2024 | 29,718,497 | ||||||
1,845,000 | Morgan Stanley, GMTN, 4.350%, 9/08/2026 | 1,900,306 | ||||||
20,695,000 | Morgan Stanley, MTN, 4.100%, 5/22/2023 | 21,066,045 | ||||||
25,560,000 | Nationwide Building Society, 0.550%, 1/22/2024, 144A | 24,515,107 | ||||||
15,160,000 | Santander Holdings USA, Inc., 3.244%, 10/05/2026 | 14,777,770 | ||||||
20,295,000 | Societe Generale S.A., 4.250%, 4/14/2025, 144A | 20,194,337 | ||||||
11,950,000 | Societe Generale S.A., (fixed rate to 7/08/2030, variable rate thereafter), 3.653%, 7/08/2035, 144A | 11,018,194 | ||||||
16,790,000 | Standard Chartered PLC, (fixed rate to 11/18/2030, variable rate thereafter), 3.265%, 2/18/2036, 144A | 15,051,900 | ||||||
7,090,000 | Standard Chartered PLC, (fixed rate to 4/01/2030, variable rate thereafter), 4.644%, 4/01/2031, 144A | 7,310,537 | ||||||
3,865,000 | Synchrony Financial, 4.375%, 3/19/2024 | 3,936,732 | ||||||
1,820,000 | UniCredit SpA, (fixed rate to 6/30/2030, variable rate thereafter), 5.459%, 6/30/2035, 144A | 1,739,095 | ||||||
|
| |||||||
571,950,536 | ||||||||
|
| |||||||
Brokerage – 0.5% | ||||||||
19,498,000 | Jefferies Group LLC, 6.250%, 1/15/2036 | 22,799,525 | ||||||
8,760,000 | Jefferies Group LLC, 6.450%, 6/08/2027 | 9,884,879 | ||||||
|
| |||||||
32,684,404 | ||||||||
|
| |||||||
Building Materials – 1.4% | ||||||||
33,030,000 | Cemex SAB de CV, 3.875%, 7/11/2031, 144A | 30,140,205 | ||||||
16,180,000 | Cemex SAB de CV, 5.200%, 9/17/2030, 144A | 16,099,100 | ||||||
5,955,000 | Cemex SAB de CV, 5.450%, 11/19/2029, 144A | 6,022,053 | ||||||
3,285,000 | Ferguson Finance PLC, 3.250%, 6/02/2030, 144A | 3,126,430 | ||||||
23,975,000 | Owens Corning, 7.000%, 12/01/2036 | 30,190,000 | ||||||
2,655,000 | Vulcan Materials Co., 3.500%, 6/01/2030 | 2,633,258 | ||||||
|
| |||||||
88,211,046 | ||||||||
|
| |||||||
Cable Satellite – 2.3% | ||||||||
9,425,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A | 8,590,699 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Cable Satellite – continued |
| |||||||
$ 1,905,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 1/15/2034, 144A | $ | 1,654,483 | |||||
2,826,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 8/15/2030, 144A | 2,651,615 | ||||||
315,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 5/01/2032 | | 288,130 | | ||||
790,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.750%, 2/01/2032, 144A | 735,679 | ||||||
550,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 6/01/2029, 144A | 550,000 | ||||||
25,020,000 | Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 3.950%, 6/30/2062 | 20,232,729 | ||||||
13,450,000 | Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.400%, 12/01/2061 | 11,707,880 | ||||||
30,810,000 | Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.800%, 3/01/2050 | 29,266,711 | ||||||
6,695,000 | Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.750%, 4/01/2048 | 7,117,690 | ||||||
26,515,000 | CSC Holdings LLC, 4.625%, 12/01/2030, 144A | 22,174,229 | ||||||
1,115,000 | CSC Holdings LLC, 5.000%, 11/15/2031, 144A | 934,214 | ||||||
1,035,000 | CSC Holdings LLC, 5.750%, 1/15/2030, 144A | 921,150 | ||||||
930,000 | CSC Holdings LLC, 6.500%, 2/01/2029, 144A | 937,384 | ||||||
2,416,000 | Sirius XM Radio, Inc., 5.000%, 8/01/2027, 144A | 2,409,960 | ||||||
200,000 | Sirius XM Radio, Inc., 5.500%, 7/01/2029, 144A | 203,000 | ||||||
17,891,000 | Time Warner Cable LLC, 4.500%, 9/15/2042 | 16,547,744 | ||||||
15,815,000 | Time Warner Cable LLC, 5.500%, 9/01/2041 | 16,417,268 | ||||||
|
| |||||||
143,340,565 | ||||||||
|
| |||||||
Chemicals – 1.1% |
| |||||||
4,330,000 | Alpek SAB de CV, 3.250%, 2/25/2031, 144A | 3,945,713 | ||||||
9,180,000 | Braskem Netherlands Finance BV, 4.500%, 1/31/2030, 144A | 8,884,312 | ||||||
6,060,000 | Braskem Netherlands Finance BV, 5.875%, 1/31/2050, 144A | 6,011,520 | ||||||
27,205,000 | CF Industries, Inc., 4.500%, 12/01/2026, 144A | 28,394,949 | ||||||
3,740,000 | FMC Corp., 3.450%, 10/01/2029 | 3,673,708 | ||||||
6,120,000 | LYB International Finance III LLC, 4.200%, 10/15/2049 | 6,058,817 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Chemicals – continued |
| |||||||
$ 12,285,000 | Orbia Advance Corp. SAB de CV, 2.875%, 5/11/2031, 144A | $ | 10,900,235 | |||||
|
| |||||||
67,869,254 | ||||||||
|
| |||||||
Construction Machinery – 0.6% |
| |||||||
23,395,000 | Caterpillar Financial Services Corp., MTN, 0.950%, 1/10/2024 | 22,790,551 | ||||||
5,730,000 | John Deere Capital Corp., MTN, 0.900%, 1/10/2024 | 5,575,561 | ||||||
8,900,000 | John Deere Capital Corp., MTN, 1.250%, 1/10/2025 | 8,566,739 | ||||||
|
| |||||||
36,932,851 | ||||||||
|
| |||||||
Consumer Cyclical Services – 1.2% |
| |||||||
16,000,000 | Booking Holdings, Inc., 4.625%, 4/13/2030 | 17,353,354 | ||||||
5,765,000 | Expedia Group, Inc., 2.950%, 3/15/2031 | 5,337,500 | ||||||
30,201,000 | Expedia Group, Inc., 3.250%, 2/15/2030 | 28,747,602 | ||||||
4,928,000 | Expedia Group, Inc., 3.800%, 2/15/2028 | 4,901,864 | ||||||
3,970,000 | Expedia Group, Inc., 4.625%, 8/01/2027 | 4,123,826 | ||||||
1,025,000 | Uber Technologies, Inc., 4.500%, 8/15/2029, 144A | 960,937 | ||||||
8,430,000 | Uber Technologies, Inc., 6.250%, 1/15/2028, 144A | 8,716,114 | ||||||
5,015,000 | Uber Technologies, Inc., 7.500%, 9/15/2027, 144A | 5,347,294 | ||||||
|
| |||||||
75,488,491 | ||||||||
|
| |||||||
Consumer Products – 0.2% |
| |||||||
7,458,000 | Hasbro, Inc., 6.600%, 7/15/2028 | 8,472,621 | ||||||
6,970,000 | Natura Cosmeticos S.A., 4.125%, 5/03/2028, 144A | 6,710,367 | ||||||
|
| |||||||
15,182,988 | ||||||||
|
| |||||||
Diversified Manufacturing – 0.2% |
| |||||||
7,675,000 | GE Capital Funding LLC, 4.550%, 5/15/2032 | 8,241,996 | ||||||
1,869,000 | GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/2035 | 2,006,911 | ||||||
|
| |||||||
10,248,907 | ||||||||
|
| |||||||
Electric – 1.9% |
| |||||||
7,435,000 | AES Corp. (The), 2.450%, 1/15/2031 | 6,648,783 | ||||||
3,695,000 | AES Corp. (The), 3.950%, 7/15/2030, 144A | 3,660,476 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Electric – continued |
| |||||||
$ 15,378,599 | Alta Wind Holdings LLC, 7.000%, 6/30/2035, 144A | $ | 16,760,820 | |||||
14,855,000 | Calpine Corp., 3.750%, 3/01/2031, 144A | 13,297,973 | ||||||
13,025,000 | Enel Finance International NV, 6.000%, 10/07/2039, 144A | 15,408,248 | ||||||
9,007,000 | Enel Finance International NV, 6.800%, 9/15/2037, 144A | 11,429,778 | ||||||
2,355,000 | IPALCO Enterprises, Inc., 4.250%, 5/01/2030 | 2,358,627 | ||||||
9,641,000 | NRG Energy, Inc., 4.450%, 6/15/2029, 144A | 9,644,947 | ||||||
1,435,000 | NRG Energy, Inc., 5.250%, 6/15/2029, 144A | 1,402,325 | ||||||
4,437,000 | NRG Energy, Inc., 5.750%, 1/15/2028 | 4,509,789 | ||||||
6,185,000 | Pacific Gas & Electric Co., 3.250%, 6/01/2031 | 5,594,510 | ||||||
8,915,000 | Pacific Gas & Electric Co., 3.500%, 8/01/2050 | 7,177,062 | ||||||
10,400,000 | Pacific Gas & Electric Co., 4.300%, 3/15/2045 | 8,858,316 | ||||||
1,250,000 | Pacific Gas & Electric Co., 4.950%, 7/01/2050 | 1,177,375 | ||||||
10,835,000 | Vistra Operations Co. LLC, 3.700%, 1/30/2027, 144A | 10,399,121 | ||||||
|
| |||||||
118,328,150 | ||||||||
|
| |||||||
Finance Companies – 4.6% |
| |||||||
7,910,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.000%, 10/29/2028 | 7,294,500 | ||||||
9,900,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.300%, 1/30/2032 | 8,924,450 | ||||||
860,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.650%, 7/21/2027 | 833,270 | ||||||
23,900,000 | Air Lease Corp., 3.125%, 12/01/2030 | 22,096,028 | ||||||
2,235,000 | Air Lease Corp., 3.250%, 10/01/2029 | 2,110,060 | ||||||
10,270,000 | Air Lease Corp., 3.375%, 7/01/2025 | 10,121,973 | ||||||
345,000 | Air Lease Corp., 4.625%, 10/01/2028 | 351,307 | ||||||
8,426,000 | Air Lease Corp., MTN, 3.000%, 2/01/2030 | 7,760,785 | ||||||
12,430,000 | Aircastle Ltd., 4.125%, 5/01/2024 | 12,409,497 | ||||||
8,070,000 | Aircastle Ltd., 4.400%, 9/25/2023 | 8,101,634 | ||||||
8,160,000 | Aircastle Ltd., 5.000%, 4/01/2023 | 8,290,900 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Finance Companies – continued |
| |||||||
$ 6,700,000 | Antares Holdings LP, 6.000%, 8/15/2023, 144A | $ | 6,839,597 | |||||
15,575,000 | Ares Capital Corp., 2.875%, 6/15/2028 | 13,788,568 | ||||||
16,355,000 | Ares Capital Corp., 3.200%, 11/15/2031 | 13,860,144 | ||||||
3,865,000 | Aviation Capital Group LLC, 1.950%, 1/30/2026, 144A | 3,549,569 | ||||||
7,510,000 | Aviation Capital Group LLC, 5.500%, 12/15/2024, 144A | 7,729,624 | ||||||
8,255,000 | Barings BDC, Inc., 3.300%, 11/23/2026, 144A | 7,622,105 | ||||||
27,825,000 | Blackstone Secured Lending Fund, 2.125%, 2/15/2027, 144A | 24,683,369 | ||||||
10,640,000 | FS KKR Capital Corp., 3.125%, 10/12/2028 | 9,485,279 | ||||||
3,425,000 | Navient Corp., 5.000%, 3/15/2027 | 3,262,312 | ||||||
50,000 | Navient Corp., 5.875%, 10/25/2024 | 51,007 | ||||||
145,000 | Navient Corp., 6.750%, 6/15/2026 | 147,900 | ||||||
222,000 | Navient Corp., 7.250%, 9/25/2023 | 230,603 | ||||||
20,000 | Navient Corp., MTN, 6.125%, 3/25/2024 | 20,350 | ||||||
7,855,000 | Oaktree Specialty Lending Corp., 2.700%, 1/15/2027 | 7,197,092 | ||||||
12,150,000 | Owl Rock Capital Corp., 2.625%, 1/15/2027 | 10,890,040 | ||||||
12,290,000 | Owl Rock Capital Corp., 2.875%, 6/11/2028 | 10,719,078 | ||||||
13,940,000 | Owl Rock Technology Finance Corp., 2.500%, 1/15/2027 | 12,589,638 | ||||||
13,705,000 | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/2026, 144A | 12,583,177 | ||||||
7,445,000 | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.625%, 3/01/2029 | 6,803,613 | ||||||
17,825,000 | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031, 144A | 16,131,625 | ||||||
25,002,000 | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.000%, 10/15/2033, 144A | 21,899,252 | ||||||
|
| |||||||
278,378,346 | ||||||||
|
| |||||||
Financial Other – 0.3% |
| |||||||
2,310,000 | CIFI Holdings Group Co. Ltd., 6.000%, 7/16/2025 | 1,917,300 | ||||||
720,000 | CIFI Holdings Group Co. Ltd., 6.450%, 11/07/2024 | 640,728 | ||||||
6,220,000 | Country Garden Holdings Co. Ltd., 3.300%, 1/12/2031 | 4,295,719 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Financial Other – continued |
| |||||||
$ 1,110,000 | Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.375%, 2/01/2029 | $ | 1,018,425 | |||||
6,065,000 | Shimao Group Holdings Ltd., 3.450%, 1/11/2031(c)(d) | 1,506,061 | ||||||
400,000 | Shimao Group Holdings Ltd., 4.600%, 7/13/2030(c)(d) | 104,340 | ||||||
3,495,000 | Shimao Group Holdings Ltd., 4.750%, 7/03/2022(c)(d) | 1,293,150 | ||||||
4,345,000 | Shimao Group Holdings Ltd., 5.200%, 1/16/2027(c)(d) | 1,172,455 | ||||||
3,780,000 | Shimao Group Holdings Ltd., 5.600%, 7/15/2026(c)(d) | 1,050,840 | ||||||
1,265,000 | Shimao Group Holdings Ltd., 6.125%, 2/21/2024(c)(d) | 366,723 | ||||||
5,120,000 | Times China Holdings Ltd., 5.750%, 1/14/2027(c)(d) | 1,892,147 | ||||||
1,835,000 | Times China Holdings Ltd., 6.200%, 3/22/2026(c)(d) | 695,777 | ||||||
1,415,000 | Times China Holdings Ltd., 6.750%, 7/08/2025(c)(d) | 558,684 | ||||||
|
| |||||||
16,512,349 | ||||||||
|
| |||||||
Food & Beverage – 1.6% |
| |||||||
2,040,000 | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.900%, 2/01/2046 | 2,268,775 | ||||||
14,470,000 | Anheuser-Busch InBev Worldwide, Inc., 4.500%, 6/01/2050 | 15,460,359 | ||||||
6,002,000 | Anheuser-Busch InBev Worldwide, Inc., 4.600%, 4/15/2048 | 6,477,801 | ||||||
4,910,000 | JBS USA LUX S.A./JBS USA Finance, Inc., 6.750%, 2/15/2028, 144A | 5,176,368 | ||||||
3,625,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.750%, 12/01/2031, 144A | 3,364,852 | ||||||
10,660,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.500%, 1/15/2030, 144A | 10,897,505 | ||||||
4,895,000 | JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 3.000%, 2/02/2029, 144A | 4,527,875 | ||||||
26,540,000 | Kraft Heinz Foods Co., 4.375%, 6/01/2046 | 26,317,064 | ||||||
6,470,000 | NBM U.S Holdings, Inc., 7.000%, 5/14/2026, 144A | 6,715,084 | ||||||
13,590,000 | Pilgrim’s Pride Corp., 3.500%, 3/01/2032, 144A | 11,881,193 | ||||||
2,065,000 | Pilgrim’s Pride Corp., 4.250%, 4/15/2031, 144A | 1,910,125 | ||||||
1,920,000 | Smithfield Foods, Inc., 3.000%, 10/15/2030, 144A | 1,742,519 | ||||||
|
| |||||||
96,739,520 | ||||||||
|
| |||||||
Gaming – 0.3% |
| |||||||
14,625,000 | Genm Capital Labuan Ltd., 3.882%, 4/19/2031, 144A | 12,749,749 |
Principal Amount | Description | Value (��) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Gaming – continued |
| |||||||
$ 4,880,000 | GLP Capital LP/GLP Financing II, Inc., 3.250%, 1/15/2032 | $ | 4,427,624 | |||||
|
| |||||||
17,177,373 | ||||||||
|
| |||||||
Government Owned - No Guarantee – 0.6% |
| |||||||
8,755,000 | Antares Holdings LP, 2.750%, 1/15/2027, 144A | 7,694,667 | ||||||
12,655,000 | Antares Holdings LP, 3.750%, 7/15/2027, 144A | 11,674,751 | ||||||
4,000,000 | Empresa de los Ferrocarriles del Estado, 3.068%, 8/18/2050, 144A | 2,970,000 | ||||||
10,320,000 | Indian Railway Finance Corp. Ltd., 2.800%, 2/10/2031, 144A | 9,228,247 | ||||||
2,185,000 | Sino-Ocean Land Treasure IV Ltd., 4.750%, 8/05/2029 | 1,420,621 | ||||||
4,210,000 | Sino-Ocean Land Treasure IV Ltd., 4.750%, 1/14/2030 | 2,735,363 | ||||||
|
| |||||||
35,723,649 | ||||||||
|
| |||||||
Health Insurance – 0.4% |
| |||||||
19,320,000 | Centene Corp., 2.500%, 3/01/2031 | 17,050,480 | ||||||
4,145,000 | Centene Corp., 2.625%, 8/01/2031 | 3,689,050 | ||||||
2,520,000 | Centene Corp., 3.000%, 10/15/2030 | 2,314,544 | ||||||
565,000 | Centene Corp., 4.625%, 12/15/2029 | 569,571 | ||||||
|
| |||||||
23,623,645 | ||||||||
|
| |||||||
Healthcare – 1.0% |
| |||||||
19,420,000 | Cigna Corp., 4.375%, 10/15/2028 | 20,428,303 | ||||||
1,261,000 | Cigna Corp., 7.875%, 5/15/2027 | 1,522,611 | ||||||
7,210,000 | CVS Health Corp., 3.250%, 8/15/2029 | 7,118,812 | ||||||
685,000 | Encompass Health Corp., 4.750%, 2/01/2030 | 657,600 | ||||||
2,671,000 | HCA, Inc., 3.500%, 9/01/2030 | 2,580,357 | ||||||
8,810,000 | HCA, Inc., 4.125%, 6/15/2029 | 8,980,057 | ||||||
16,050,000 | HCA, Inc., 4.500%, 2/15/2027 | 16,577,167 | ||||||
4,520,000 | HCA, Inc., 5.250%, 6/15/2049 | 4,950,126 | ||||||
|
| |||||||
62,815,033 | ||||||||
|
| |||||||
Home Construction – 0.4% |
| |||||||
2,450,000 | Lennar Corp., 4.750%, 11/29/2027 | 2,552,237 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Home Construction – continued |
| |||||||
$ 560,000 | Lennar Corp., 4.875%, 12/15/2023 | $ | 575,227 | |||||
55,000 | Lennar Corp., 5.000%, 6/15/2027 | 57,638 | ||||||
2,050,000 | Logan Group Co. Ltd., 4.250%, 7/12/2025(c)(d) | 416,642 | ||||||
3,445,000 | Logan Group Co. Ltd., 4.850%, 12/14/2026(c)(d) | 688,311 | ||||||
5,370,000 | MDC Holdings, Inc., 3.966%, 8/06/2061 | 4,148,919 | ||||||
12,384,000 | MDC Holdings, Inc., 6.000%, 1/15/2043 | 12,711,744 | ||||||
6,130,000 | Meritage Homes Corp., 3.875%, 4/15/2029, 144A | 5,838,825 | ||||||
|
| |||||||
26,989,543 | ||||||||
|
| |||||||
Independent Energy – 2.7% |
| |||||||
3,195,000 | Aker BP ASA, 3.000%, 1/15/2025, 144A | 3,147,260 | ||||||
9,925,000 | Aker BP ASA, 3.750%, 1/15/2030, 144A | 9,711,757 | ||||||
16,455,000 | Aker BP ASA, 4.000%, 1/15/2031, 144A | 16,392,983 | ||||||
3,140,000 | Continental Resources, Inc., 2.875%, 4/01/2032, 144A | 2,800,095 | ||||||
9,310,000 | Continental Resources, Inc., 3.800%, 6/01/2024 | 9,344,075 | ||||||
16,077,000 | Continental Resources, Inc., 5.750%, 1/15/2031, 144A | 17,585,023 | ||||||
4,685,000 | Diamondback Energy, Inc., 3.125%, 3/24/2031 | 4,474,417 | ||||||
6,910,000 | Energean Israel Finance Ltd., 5.375%, 3/30/2028, 144A | 6,643,965 | ||||||
9,035,000 | Energean Israel Finance Ltd., 5.875%, 3/30/2031, 144A | 8,603,579 | ||||||
925,000 | EQT Corp., 3.125%, 5/15/2026, 144A | 898,425 | ||||||
9,675,000 | EQT Corp., 3.625%, 5/15/2031, 144A | 9,239,625 | ||||||
11,030,000 | EQT Corp., 3.900%, 10/01/2027 | 10,998,068 | ||||||
1,970,000 | EQT Corp., 5.000%, 1/15/2029 | 2,033,710 | ||||||
10,475,000 | Hess Corp., 4.300%, 4/01/2027 | 10,748,214 | ||||||
4,675,000 | Leviathan Bond Ltd., 6.125%, 6/30/2025, 144A | 4,755,176 | ||||||
10,085,000 | Lundin Energy Finance BV, 2.000%, 7/15/2026, 144A | 9,390,821 | ||||||
7,360,000 | Lundin Energy Finance BV, 3.100%, 7/15/2031, 144A | 6,815,961 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Independent Energy – continued |
| |||||||
$ 3,560,000 | Occidental Petroleum Corp., 4.100%, 2/15/2047 | $ | 3,293,000 | |||||
4,130,000 | Occidental Petroleum Corp., 4.200%, 3/15/2048 | 3,861,550 | ||||||
285,000 | Occidental Petroleum Corp., 4.400%, 8/15/2049 | 267,900 | ||||||
570,000 | Occidental Petroleum Corp., 4.500%, 7/15/2044 | 545,051 | ||||||
675,000 | Occidental Petroleum Corp., 4.625%, 6/15/2045 | 654,622 | ||||||
6,090,000 | Occidental Petroleum Corp., 5.550%, 3/15/2026 | 6,455,400 | ||||||
11,260,000 | Ovintiv, Inc., 6.500%, 8/15/2034 | 13,364,811 | ||||||
1,110,000 | Ovintiv, Inc., 7.375%, 11/01/2031 | 1,360,781 | ||||||
1,750,000 | Southwestern Energy Co., 4.750%, 2/01/2032 | 1,747,812 | ||||||
|
| |||||||
165,134,081 | ||||||||
|
| |||||||
Leisure – 0.2% |
| |||||||
1,985,000 | NCL Corp. Ltd., 5.875%, 3/15/2026, 144A | 1,886,068 | ||||||
6,665,000 | NCL Corp. Ltd., 5.875%, 2/15/2027, 144A | 6,581,887 | ||||||
2,750,000 | Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028, 144A | 2,621,603 | ||||||
|
| |||||||
11,089,558 | ||||||||
|
| |||||||
Life Insurance – 3.1% |
| |||||||
11,800,000 | Athene Global Funding, 1.608%, 6/29/2026, 144A | 10,751,359 | ||||||
18,770,000 | Athene Global Funding, 1.716%, 1/07/2025, 144A | 17,887,397 | ||||||
21,550,000 | Athene Global Funding, 2.550%, 11/19/2030, 144A | 19,120,942 | ||||||
7,385,000 | Athene Holding Ltd., 3.500%, 1/15/2031 | 7,068,557 | ||||||
8,255,000 | CNO Financial Group, Inc., 5.250%, 5/30/2029 | 8,700,935 | ||||||
19,600,000 | Fidelity & Guaranty Life Holdings, Inc., 5.500%, 5/01/2025, 144A | 20,520,392 | ||||||
9,063,000 | Mutual of Omaha Insurance Co., 6.800%, 6/15/2036, 144A | 11,105,911 | ||||||
26,914,000 | National Life Insurance Co., 10.500%, 9/15/2039, 144A(c)(d) | 40,252,848 | ||||||
23,335,000 | New York Life Global Funding, 0.850%, 1/15/2026, 144A | 21,477,836 | ||||||
6,440,000 | NLV Financial Corp., 7.500%, 8/15/2033, 144A(c)(d) | 8,015,868 | ||||||
2,872,000 | Penn Mutual Life Insurance Co. (The), 6.650%, 6/15/2034, 144A | 3,399,730 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Life Insurance – continued |
| |||||||
$ 14,489,000 | Penn Mutual Life Insurance Co. (The), 7.625%, 6/15/2040, 144A | $ | 19,407,773 | |||||
|
| |||||||
187,709,548 | ||||||||
|
| |||||||
Local Authorities – 0.2% |
| |||||||
14,455,000 | Province of Quebec Canada, 0.600%, 7/23/2025 | 13,499,724 | ||||||
|
| |||||||
Lodging – 0.2% |
| |||||||
1,795,000 | Marriott International, Inc., Series FF, 4.625%, 6/15/2030 | 1,859,065 | ||||||
3,525,000 | Marriott International, Inc., Series HH, 2.850%, 4/15/2031 | 3,217,243 | ||||||
975,000 | Marriott Ownership Resorts, Inc., 4.500%, 6/15/2029, 144A | 918,937 | ||||||
7,435,000 | Travel & Leisure Co., 4.500%, 12/01/2029, 144A | 6,894,624 | ||||||
1,610,000 | Travel & Leisure Co., 4.625%, 3/01/2030, 144A | 1,497,300 | ||||||
205,000 | Travel & Leisure Co., 6.000%, 4/01/2027 | 211,150 | ||||||
235,000 | Travel & Leisure Co., 6.625%, 7/31/2026, 144A | 244,988 | ||||||
|
| |||||||
14,843,307 | ||||||||
|
| |||||||
Media Entertainment – 1.3% |
| |||||||
2,610,000 | iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A | 2,492,550 | ||||||
3,925,000 | iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A | 3,880,844 | ||||||
4,125,000 | Magallanes, Inc., 4.054%, 3/15/2029, 144A | 4,145,130 | ||||||
6,335,000 | Magallanes, Inc., 4.279%, 3/15/2032, 144A | 6,370,666 | ||||||
2,080,000 | Netflix, Inc., 4.875%, 4/15/2028 | 2,181,410 | ||||||
22,100,000 | Netflix, Inc., 4.875%, 6/15/2030, 144A | 23,574,070 | ||||||
2,545,000 | Netflix, Inc., 5.375%, 11/15/2029, 144A | 2,754,963 | ||||||
5,910,000 | Netflix, Inc., 5.875%, 11/15/2028 | 6,514,593 | ||||||
9,540,000 | Netflix, Inc., 6.375%, 5/15/2029 | 10,787,641 | ||||||
2,700,000 | Paramount Global, 4.200%, 6/01/2029 | 2,730,691 | ||||||
10,855,000 | Paramount Global, 4.950%, 1/15/2031 | 11,538,652 | ||||||
|
| |||||||
76,971,210 | ||||||||
|
|
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Metals & Mining – 2.6% |
| |||||||
$ 550,000 | Anglo American Capital PLC, 2.625%, 9/10/2030, 144A | $ | 498,691 | |||||
1,325,000 | Anglo American Capital PLC, 2.875%, 3/17/2031, 144A | 1,221,122 | ||||||
6,260,000 | Anglo American Capital PLC, 4.000%, 9/11/2027, 144A | 6,272,208 | ||||||
34,334,000 | Anglo American Capital PLC, 4.500%, 3/15/2028, 144A | 35,599,059 | ||||||
8,785,000 | Anglo American Capital PLC, 4.750%, 4/10/2027, 144A | 9,111,807 | ||||||
11,405,000 | ArcelorMittal S.A., 6.750%, 3/01/2041 | 13,488,117 | ||||||
5,890,000 | First Quantum Minerals Ltd., 6.875%, 10/15/2027, 144A | 6,169,775 | ||||||
6,325,000 | FMG Resources August 2006 Pty Ltd., 4.375%, 4/01/2031, 144A | 5,982,817 | ||||||
2,930,000 | Freeport-McMoRan, Inc., 4.375%, 8/01/2028 | 2,943,566 | ||||||
1,975,000 | Freeport-McMoRan, Inc., 4.625%, 8/01/2030 | 2,019,437 | ||||||
6,175,000 | Freeport-McMoRan, Inc., 5.400%, 11/14/2034 | 6,854,559 | ||||||
1,770,000 | Freeport-McMoRan, Inc., 5.450%, 3/15/2043 | 1,982,117 | ||||||
7,688,000 | Glencore Funding LLC, 3.875%, 10/27/2027, 144A | 7,648,484 | ||||||
39,092,000 | Glencore Funding LLC, 4.000%, 3/27/2027, 144A | 39,211,835 | ||||||
11,700,000 | Glencore Funding LLC, 4.125%, 3/12/2024, 144A | 11,858,065 | ||||||
4,280,000 | Newcrest Finance Pty Ltd., 3.250%, 5/13/2030, 144A | 4,093,012 | ||||||
1,855,000 | Reliance Steel & Aluminum Co., 2.150%, 8/15/2030 | 1,662,815 | ||||||
2,010,000 | Volcan Cia Minera SAA, 4.375%, 2/11/2026, 144A | 1,924,575 | ||||||
|
| |||||||
158,542,061 | ||||||||
|
| |||||||
Midstream – 2.2% |
| |||||||
22,495,000 | Cheniere Corpus Christi Holdings LLC, 3.700%, 11/15/2029 | 22,424,812 | ||||||
13,555,000 | DCP Midstream Operating LP, 3.250%, 2/15/2032 | 12,199,500 | ||||||
1,635,000 | DCP Midstream Operating LP, 5.125%, 5/15/2029 | 1,681,581 | ||||||
650,000 | DCP Midstream Operating LP, 6.450%, 11/03/2036, 144A | 748,962 | ||||||
7,000,000 | Energy Transfer LP, 4.950%, 6/15/2028 | 7,351,671 | ||||||
6,405,000 | Energy Transfer LP, 5.250%, 4/15/2029 | 6,834,818 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued | ||||||||
Midstream – continued | ||||||||
$ 1,435,000 | Gray Oak Pipeline LLC, 3.450%, 10/15/2027, 144A | $ | 1,382,113 | |||||
14,660,000 | Kinder Morgan Energy Partners LP, 3.500%, 9/01/2023 | 14,796,872 | ||||||
85,000 | Kinder Morgan Energy Partners LP, 5.000%, 8/15/2042 | 87,009 | ||||||
375,000 | Kinder Morgan, Inc., 5.050%, 2/15/2046 | 397,755 | ||||||
14,040,000 | MPLX LP, 4.250%, 12/01/2027 | 14,500,027 | ||||||
85,000 | NGPL PipeCo LLC, 7.768%, 12/15/2037, 144A | 106,677 | ||||||
225,000 | Plains All American Pipeline LP/PAA Finance Corp., 2.850%, 1/31/2023 | 224,749 | ||||||
3,710,000 | Plains All American Pipeline LP/PAA Finance Corp., 3.800%, 9/15/2030 | 3,639,068 | ||||||
7,365,000 | Plains All American Pipeline LP/PAA Finance Corp., 4.300%, 1/31/2043 | 6,520,967 | ||||||
7,825,000 | Plains All American Pipeline LP/PAA Finance Corp., 4.700%, 6/15/2044 | 7,342,242 | ||||||
620,000 | Plains All American Pipeline LP/PAA Finance Corp., 4.900%, 2/15/2045 | 594,410 | ||||||
12,445,000 | Sabine Pass Liquefaction LLC, 4.500%, 5/15/2030 | 13,014,577 | ||||||
2,170,000 | Western Midstream Operating LP, 4.550%, 2/01/2030 | 2,159,150 | ||||||
5,070,000 | Western Midstream Operating LP, 5.300%, 3/01/2048 | 5,019,300 | ||||||
950,000 | Western Midstream Operating LP, 5.450%, 4/01/2044 | 963,072 | ||||||
710,000 | Western Midstream Operating LP, 5.500%, 8/15/2048 | 701,125 | ||||||
2,870,000 | Western Midstream Operating LP, 5.750%, 2/01/2050 | 2,798,250 | ||||||
8,405,000 | Williams Cos., Inc. (The), 3.350%, 8/15/2022 | 8,418,997 | ||||||
|
| |||||||
133,907,704 | ||||||||
|
| |||||||
Mortgage Related – 0.0% | ||||||||
824 | FNMA, 6.000%, 7/01/2029 | 895 | ||||||
|
| |||||||
Non-Agency Commercial Mortgage-Backed Securities – 1.6% | ||||||||
8,625,000 | BANK, Series 2021-BN35, Class AS, 2.457%, 6/15/2064 | 7,937,978 | ||||||
410,000 | BBSG Mortgage Trust, Series 2016-MRP, Class A, 3.275%, 6/05/2036, 144A | 390,316 | ||||||
1,410,000 | Commercial Mortgage Pass Through Certificates, Series 2012-CR3, Class AM, 3.416%, 10/15/2045, 144A | 1,403,547 | ||||||
785,000 | Commercial Mortgage Pass Through Certificates, Series 2012-LTRT, Class A2, 3.400%, 10/05/2030, 144A | 773,972 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Non-Agency Commercial Mortgage-Backed Securities – continued |
| |||||||
$ 730,574 | Commercial Mortgage Trust, Series 2012-LC4, Class B, 4.934%, 12/10/2044(a) | $ | 729,615 | |||||
2,010,000 | Commercial Mortgage Trust, Series 2012-LC4, Class C, 5.467%, 12/10/2044(a) | 1,988,493 | ||||||
370,000 | Credit Suisse Mortgage Trust, Series 2014-USA, Class B, 4.185%, 9/15/2037, 144A | 344,076 | ||||||
510,000 | Credit Suisse Mortgage Trust, Series 2014-USA, Class C, 4.336%, 9/15/2037, 144A | 467,524 | ||||||
12,790,000 | Credit Suisse Mortgage Trust, Series 2014-USA, Class D, 4.373%, 9/15/2037, 144A | 11,270,814 | ||||||
5,095,000 | DBUBS Mortgage Trust, Series 2017-BRBK, Class D, 3.530%, 10/10/2034, 144A(a) | 4,906,905 | ||||||
3,523,316 | Extended Stay America Trust, Series 2021-ESH, Class C, 1-month LIBOR + 1.700%, 2.097%, 7/15/2038, 144A(b) | 3,472,439 | ||||||
2,390,000 | GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class A, 3.550%, 3/05/2033, 144A(a) | 2,321,215 | ||||||
9,406,000 | GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class D, 3.550%, 3/05/2033, 144A(a) | 7,706,152 | ||||||
6,079,000 | GS Mortgage Securities Trust, Series 2014-GC18, Class B, 4.885%, 1/10/2047(a) | 5,657,711 | ||||||
6,478,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class C, 4.364%, 12/15/2047, 144A(a) | 6,425,644 | ||||||
340,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class D, 4.364%, 12/15/2047, 144A(a) | 334,829 | ||||||
4,990,000 | MedTrust, Series 2021-MDLN, Class C, 1-month LIBOR + 1.800%, 2.197%, 11/15/2038, 144A(b) | 4,891,241 | ||||||
945,000 | Morgan Stanley Bank of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2012-CKSV, Class A2, 3.277%, 10/15/2030, 144A | 935,226 | ||||||
5,050,000 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.152%, 8/15/2046(a) | 5,077,874 | ||||||
1,405,000 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class C, 4.763%, 10/15/2046(a) | 1,347,645 | ||||||
3,456,000 | Morgan Stanley Capital I Trust, Series 2011-C2, Class E, 5.212%, 6/15/2044, 144A(a)(c)(d) | 2,765,953 | ||||||
441,526 | Motel Trust, Series 2021-MTL6, Class C, 1-month LIBOR + 1.500%, 1.897%, 9/15/2038, 144A(b) | 433,457 | ||||||
4,735,000 | RBS Commercial Funding Trust, Series 2013-GSP, Class A, 3.834%, 1/15/2032, 144A(a) | 4,749,838 | ||||||
965,000 | UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class BEC, 4.875%, 5/10/2063, 144A(a) | 945,566 | ||||||
6,706,000 | UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class E, 4.947%, 5/10/2063, 144A(a)(c)(d) | 556,598 | ||||||
827,560 | UBS-Barclays Commercial Mortgage Trust, Series 2012-TFT, Class A, 2.892%, 6/05/2030, 144A | 825,861 | ||||||
4,990,000 | Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class B, 4.305%, 7/15/2046(a) | 4,790,398 | ||||||
4,030,000 | Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class AS, 3.419%, 11/15/2059 | 3,836,136 | ||||||
1,640,146 | WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D, 5.294%, 3/15/2044, 144A(a) | 713,464 | ||||||
1,565,000 | WFRBS Commercial Mortgage Trust, Series 2012-C10, Class B, 3.744%, 12/15/2045 | 1,552,770 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Non-Agency Commercial Mortgage-Backed Securities – continued |
| |||||||
$ 1,746,000 | WFRBS Commercial Mortgage Trust, Series 2012-C7, Class C, 4.779%, 6/15/2045(a) | $ | 1,342,325 | |||||
865,000 | WFRBS Commercial Mortgage Trust, Series 2012-C7, Class E, 4.779%, 6/15/2045, 144A(a)(c)(d) | 127,587 | ||||||
4,615,000 | WFRBS Commercial Mortgage Trust, Series 2014-C20, Class B, 4.378%, 5/15/2047 | 4,495,636 | ||||||
1,290,000 | WFRBS Commercial Mortgage Trust, Series 2014-C24, Class B, 4.204%, 11/15/2047(a) | 1,226,840 | ||||||
|
| |||||||
96,745,645 | ||||||||
|
| |||||||
Paper – 0.5% |
| |||||||
10,460,000 | Suzano Austria GmbH, 3.750%, 1/15/2031 | 9,848,090 | ||||||
16,595,000 | Weyerhaeuser Co., 4.000%, 4/15/2030 | 17,089,024 | ||||||
2,745,000 | WRKCo, Inc., 3.000%, 6/15/2033 | 2,563,684 | ||||||
|
| |||||||
29,500,798 | ||||||||
|
| |||||||
Pharmaceuticals – 0.5% |
| |||||||
570,000 | Bausch Health Cos., Inc., 4.875%, 6/01/2028, 144A | 545,775 | ||||||
865,000 | Bausch Health Cos., Inc., 5.000%, 1/30/2028, 144A | 712,388 | ||||||
120,000 | Bausch Health Cos., Inc., 5.000%, 2/15/2029, 144A | 93,481 | ||||||
340,000 | Bausch Health Cos., Inc., 5.250%, 1/30/2030, 144A | 267,083 | ||||||
1,295,000 | Bausch Health Cos., Inc., 5.250%, 2/15/2031, 144A | 1,007,976 | ||||||
135,000 | Bausch Health Cos., Inc., 6.250%, 2/15/2029, 144A | 110,700 | ||||||
220,000 | Bausch Health Cos., Inc., 7.000%, 1/15/2028, 144A | 196,962 | ||||||
980,000 | Teva Pharmaceutical Finance Co. LLC, 6.150%, 2/01/2036 | 989,800 | ||||||
15,105,000 | Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026 | 13,675,916 | ||||||
6,270,000 | Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046 | 4,921,950 | ||||||
4,335,000 | Teva Pharmaceutical Finance Netherlands III BV, 4.750%, 5/09/2027 | 4,161,383 | ||||||
3,140,000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/09/2029 | 3,018,231 | ||||||
|
| |||||||
29,701,645 | ||||||||
|
| |||||||
Property & Casualty Insurance – 0.7% |
| |||||||
5,653,000 | American International Group, Inc., 4.200%, 4/01/2028 | 5,867,092 | ||||||
16,635,000 | Fidelity National Financial, Inc., 3.400%, 6/15/2030 | 16,019,475 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Property & Casualty Insurance – continued |
| |||||||
$ 2,740,000 | Fidelity National Financial, Inc., 5.500%, 9/01/2022 | $ | 2,779,196 | |||||
3,159,000 | Sirius International Group Ltd., 4.600%, 11/01/2026, 144A | 3,079,109 | ||||||
14,195,000 | Stewart Information Services Corp., 3.600%, 11/15/2031 | 12,919,088 | ||||||
|
| |||||||
40,663,960 | ||||||||
|
| |||||||
REITs - Apartments – 0.0% |
| |||||||
2,185,000 | American Homes 4 Rent, 2.375%, 7/15/2031 | 1,928,906 | ||||||
|
| |||||||
REITs - Health Care – 0.1% |
| |||||||
5,972,000 | Welltower, Inc., 6.500%, 3/15/2041 | 7,671,296 | ||||||
|
| |||||||
REITs - Office Property – 0.0% |
| |||||||
2,085,000 | Corporate Office Properties LP, 2.750%, 4/15/2031 | 1,871,730 | ||||||
|
| |||||||
REITs - Regional Malls – 0.1% |
| |||||||
6,815,000 | Simon Property Group LP, 2.650%, 7/15/2030 | 6,426,993 | ||||||
|
| |||||||
REITs - Shopping Centers – 0.1% |
| |||||||
1,600,000 | Brixmor Operating Partnership LP, 2.250%, 4/01/2028 | 1,461,179 | ||||||
2,280,000 | Brixmor Operating Partnership LP, 4.050%, 7/01/2030 | 2,287,610 | ||||||
|
| |||||||
3,748,789 | ||||||||
|
| |||||||
Restaurants – 0.1% |
| |||||||
2,375,000 | Yum! Brands, Inc., 4.750%, 1/15/2030, 144A | 2,328,984 | ||||||
1,890,000 | Yum! Brands, Inc., 7.750%, 4/01/2025, 144A | 1,963,238 | ||||||
|
| |||||||
4,292,222 | ||||||||
|
| |||||||
Retailers – 1.4% |
| |||||||
21,520,000 | 7-Eleven, Inc., 0.800%, 2/10/2024, 144A | 20,672,905 | ||||||
1,960,000 | AutoNation, Inc., 4.750%, 6/01/2030 | 2,042,861 | ||||||
9,720,000 | AutoZone, Inc., 3.625%, 4/15/2025 | 9,823,188 | ||||||
14,585,000 | AutoZone, Inc., 4.000%, 4/15/2030 | 14,971,839 | ||||||
343,224 | CVS Pass-Through Trust, 5.773%, 1/10/2033, 144A | 372,470 | ||||||
341,707 | CVS Pass-Through Trust, 6.036%, 12/10/2028 | 364,509 | ||||||
10,487,693 | CVS Pass-Through Trust, Series 2013, 4.704%, 1/10/2036, 144A | 10,939,293 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Retailers – continued |
| |||||||
$ 1,100,460 | CVS Pass-Through Trust, Series 2014, 4.163%, 8/11/2036, 144A | $ | 1,145,975 | |||||
5,620,000 | Dollar General Corp., 3.500%, 4/03/2030 | 5,590,527 | ||||||
4,665,000 | Lithia Motors, Inc., 3.875%, 6/01/2029, 144A | 4,432,030 | ||||||
8,064,000 | Marks & Spencer PLC, 7.125%, 12/01/2037, 144A | 8,591,950 | ||||||
3,755,000 | PVH Corp., 7.750%, 11/15/2023 | 4,031,894 | ||||||
3,145,000 | Tapestry, Inc., 3.050%, 3/15/2032 | 2,858,100 | ||||||
|
| |||||||
85,837,541 | ||||||||
|
| |||||||
Sovereigns – 0.5% |
| |||||||
20,395,000 | Mexico Government International Bond, 3.771%, 5/24/2061 | 16,523,213 | ||||||
13,115,000 | Mexico Government International Bond, 4.280%, 8/14/2041 | 12,225,410 | ||||||
|
| |||||||
28,748,623 | ||||||||
|
| |||||||
Supermarkets – 0.0% |
| |||||||
325,000 | Koninklijke Ahold Delhaize NV, 5.700%, 10/01/2040 | 390,783 | ||||||
|
| |||||||
Technology – 4.5% |
| |||||||
27,985,000 | Avnet, Inc., 4.625%, 4/15/2026 | 28,729,441 | ||||||
9,915,000 | Broadcom, Inc., 3.187%, 11/15/2036, 144A | 8,607,102 | ||||||
5,480,000 | Broadcom, Inc., 4.300%, 11/15/2032 | 5,560,920 | ||||||
22,935,000 | CDW LLC/CDW Finance Corp., 3.569%, 12/01/2031 | 21,248,131 | ||||||
1,620,000 | CommScope Technologies LLC, 5.000%, 3/15/2027, 144A | 1,407,092 | ||||||
3,095,000 | CommScope, Inc., 4.750%, 9/01/2029, 144A | 2,850,526 | ||||||
3,900,000 | CommScope, Inc., 6.000%, 3/01/2026, 144A | 3,945,201 | ||||||
3,950,000 | CommScope, Inc., 7.125%, 7/01/2028, 144A | 3,568,331 | ||||||
10,115,000 | Equinix, Inc., 2.150%, 7/15/2030 | 8,852,311 | ||||||
17,195,000 | Equinix, Inc., 3.200%, 11/18/2029 | 16,455,549 | ||||||
5,320,000 | Jabil, Inc., 1.700%, 4/15/2026 | 4,924,863 | ||||||
4,610,000 | Jabil, Inc., 3.000%, 1/15/2031 | 4,222,979 | ||||||
7,440,000 | Jabil, Inc., 4.700%, 9/15/2022 | 7,523,094 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Technology – continued |
| |||||||
$ 16,735,000 | KLA Corp., 5.650%, 11/01/2034 | $ | 19,020,092 | |||||
7,480,000 | Marvell Technology, Inc., 2.450%, 4/15/2028 | 6,877,694 | ||||||
6,390,000 | Marvell Technology, Inc., 2.950%, 4/15/2031 | 5,906,549 | ||||||
11,425,000 | Microchip Technology, Inc., 0.983%, 9/01/2024, 144A | 10,816,854 | ||||||
25,479,000 | Micron Technology, Inc., 4.663%, 2/15/2030 | 26,628,867 | ||||||
10,622,000 | Micron Technology, Inc., 5.327%, 2/06/2029 | 11,482,250 | ||||||
3,980,000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 3.150%, 5/01/2027, 144A | 3,861,402 | ||||||
2,225,000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 3.400%, 5/01/2030, 144A | 2,156,595 | ||||||
1,055,000 | Open Text Corp., 3.875%, 2/15/2028, 144A | 1,010,553 | ||||||
1,015,000 | Open Text Holdings, Inc., 4.125%, 2/15/2030, 144A | 962,418 | ||||||
25,480,000 | Oracle Corp., 3.600%, 4/01/2050 | 21,132,152 | ||||||
4,402,000 | S&P Global, Inc., 4.250%, 5/01/2029, 144A | 4,632,093 | ||||||
1,770,000 | Skyworks Solutions, Inc., 1.800%, 6/01/2026 | 1,643,884 | ||||||
970,000 | SS&C Technologies, Inc., 5.500%, 9/30/2027, 144A | 977,290 | ||||||
13,665,000 | TD SYNNEX Corp., 1.750%, 8/09/2026, 144A | 12,515,412 | ||||||
15,815,000 | TSMC Arizona Corp., 2.500%, 10/25/2031 | 14,645,700 | ||||||
9,135,000 | Verisk Analytics, Inc., 4.125%, 3/15/2029 | 9,419,280 | ||||||
1,395,000 | Western Digital Corp., 2.850%, 2/01/2029 | 1,274,458 | ||||||
955,000 | Western Digital Corp., 3.100%, 2/01/2032 | 855,078 | ||||||
|
| |||||||
273,714,161 | ||||||||
|
| |||||||
Transportation Services – 0.2% |
| |||||||
9,670,000 | Adani Ports & Special Economic Zone Ltd., 4.200%, 8/04/2027, 144A | 9,420,184 | ||||||
|
| |||||||
Treasuries – 14.7% |
| |||||||
142,940,000 | U.S. Treasury Bond, 2.000%, 11/15/2041 | 129,338,366 | ||||||
206,825,000 | U.S. Treasury Note, 0.125%, 4/30/2022 | 206,797,643 | ||||||
173,275,000 | U.S. Treasury Note, 0.125%, 6/30/2022 | 173,078,712 |
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Non-Convertible Bonds – continued |
| |||||||
Treasuries – continued |
| |||||||
$ 119,815,000 | U.S. Treasury Note, 0.125%, 12/31/2022(e) | $ | 118,654,292 | |||||
79,165,000 | U.S. Treasury Note, 0.125%, 4/30/2023 | 77,767,243 | ||||||
200,000,000 | U.S. Treasury Note, 0.125%, 8/31/2023 | 194,578,124 | ||||||
|
| |||||||
900,214,380 | ||||||||
|
| |||||||
Wireless – 1.7% |
| |||||||
6,125,000 | Bharti Airtel Ltd., 3.250%, 6/03/2031, 144A | 5,660,812 | ||||||
2,295,000 | Crown Castle International Corp., 2.250%, 1/15/2031 | 2,022,777 | ||||||
3,725,000 | Crown Castle International Corp., 3.300%, 7/01/2030 | 3,562,322 | ||||||
22,660,000 | Crown Castle International Corp., 3.650%, 9/01/2027 | 22,495,528 | ||||||
6,615,000 | Crown Castle International Corp., 4.000%, 3/01/2027 | 6,706,324 | ||||||
610,000 | Sprint Capital Corp., 6.875%, 11/15/2028 | 706,801 | ||||||
1,960,000 | T-Mobile USA, Inc., 2.400%, 3/15/2029, 144A | 1,794,803 | ||||||
3,515,000 | T-Mobile USA, Inc., 2.700%, 3/15/2032, 144A | 3,197,569 | ||||||
15,320,000 | T-Mobile USA, Inc., 3.375%, 4/15/2029 | 14,571,312 | ||||||
7,565,000 | T-Mobile USA, Inc., 3.500%, 4/15/2031 | 7,118,514 | ||||||
36,385,000 | T-Mobile USA, Inc., 3.875%, 4/15/2030 | 36,524,687 | ||||||
|
| |||||||
104,361,449 | ||||||||
|
| |||||||
Wirelines – 0.0% |
| |||||||
857,000 | Level 3 Financing, Inc., 4.625%, 9/15/2027, 144A | 806,720 | ||||||
|
| |||||||
Total Non-Convertible Bonds (Identified Cost $5,614,415,857) | 5,489,453,765 | |||||||
|
| |||||||
Convertible Bonds – 1.2% | ||||||||
Airlines – 0.1% |
| |||||||
5,165,000 | Southwest Airlines Co., 1.250%, 5/01/2025 | 7,008,905 | ||||||
|
| |||||||
Cable Satellite – 0.3% |
| |||||||
9,050,000 | DISH Network Corp., 2.375%, 3/15/2024 | 8,461,750 | ||||||
13,110,000 | DISH Network Corp., 3.375%, 8/15/2026 | 11,792,445 | ||||||
|
| |||||||
20,254,195 | ||||||||
|
|
Principal Amount | Description | Value (†) | ||||||
Bonds and Notes – continued | ||||||||
Convertible Bonds – continued | ||||||||
Consumer Cyclical Services – 0.1% | ||||||||
$ 4,515,000 | Peloton Interactive, Inc., Zero Coupon, 0.519%-1.734%, 2/15/2026(f) | $ | 3,772,192 | |||||
5,755,000 | Uber Technologies, Inc., Zero Coupon, 0.000%-1.922%, 12/15/2025(f) | 5,158,610 | ||||||
|
| |||||||
8,930,802 | ||||||||
|
| |||||||
Healthcare – 0.2% | ||||||||
14,730,000 | Teladoc Health, Inc., 1.250%, 6/01/2027 | 12,424,755 | ||||||
|
| |||||||
Media Entertainment – 0.1% |
| |||||||
4,520,000 | Twitter, Inc., Zero Coupon, 0.000%, 3/15/2026(g) | 3,794,540 | ||||||
|
| |||||||
Pharmaceuticals – 0.4% | ||||||||
5,120,000 | BioMarin Pharmaceutical, Inc., 0.599%, 8/01/2024 | 5,117,440 | ||||||
13,985,000 | BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027 | 14,002,978 | ||||||
2,935,000 | Livongo Health, Inc., 0.875%, 6/01/2025 | 2,973,155 | ||||||
|
| |||||||
22,093,573 | ||||||||
|
| |||||||
Total Convertible Bonds (Identified Cost $82,244,093) | 74,506,770 | |||||||
|
| |||||||
Municipals – 0.1% | ||||||||
Virginia – 0.1% | ||||||||
7,335,000 | Tobacco Settlement Financing Corp., Series A-1, 6.706%, 6/01/2046 (Identified Cost $7,078,292) | 7,438,969 | ||||||
|
| |||||||
Total Bonds and Notes (Identified Cost $5,703,738,242) | 5,571,399,504 | |||||||
|
| |||||||
Collateralized Loan Obligations – 3.4% | ||||||||
1,585,000 | 522 Funding CLO Ltd., Series 2021-7A, Class D, 3-month LIBOR + 2.900%, 3.159%, 4/23/2034, 144A(b) | 1,527,932 | ||||||
5,565,000 | AGL CLO 5 Ltd., Series 2020-5A, Class BR, 3-month LIBOR + 1.700%, 1.954%, 7/20/2034, 144A(b) | 5,447,957 | ||||||
14,785,000 | Alinea CLO Ltd., Series 2018-1A, Class B, 3-month LIBOR + 1.650%, 1.904%, 7/20/2031, 144A(b) | 14,701,967 | ||||||
4,650,000 | Allegro CLO VIII Ltd., Series 2018-2A, Class B1, 3-month LIBOR + 1.670%, 1.911%, 7/15/2031, 144A(b) | 4,582,180 | ||||||
3,520,000 | ARES Loan Funding I Ltd., Series 2021-ALFA, Class D, 3-month LIBOR + 3.000%, 3.241%, 10/15/2034, 144A(b) | 3,446,133 | ||||||
4,075,000 | Ares XXXVII CLO Ltd., Series 2015-4A, Class A3R, 3-month LIBOR + 1.500%, 1.741%, 10/15/2030, 144A(b) | 4,028,626 | ||||||
1,651,667 | Atrium XV, Series 15A, Class D, 3-month LIBOR + 3.000%, 3.259%, 1/23/2031, 144A(b) | 1,623,919 | ||||||
1,170,000 | Ballyrock CLO Ltd., Series 2019-2A, Class A2R, 3-month LIBOR + 1.400%, 1.880%, 11/20/2030, 144A(b) | 1,153,468 | ||||||
5,320,000 | Battalion CLO VIII Ltd., Series 2015-8A, Class A2R2, 3-month LIBOR + 1.550%, 1.791%, 7/18/2030, 144A(b) | 5,307,269 |
Principal Amount | Description | Value (†) | ||||||
Collateralized Loan Obligations – continued | ||||||||
$ 2,525,000 | Canyon CLO Ltd., Series 2018-1A, Class B, 3-month LIBOR + 1.700%, 1.941%, 7/15/2031, 144A(b) | $ | 2,502,134 | |||||
3,920,000 | Canyon CLO Ltd., Series 2021-4A, Class B, 3-month LIBOR + 1.700%, 1.837%, 10/15/2034, 144A(b) | 3,875,226 | ||||||
7,170,000 | Carlyle U.S. CLO Ltd., Series 2021-9A, Class B, 3-month LIBOR + 1.650%, 1.904%, 10/20/2034, 144A(b) | 7,126,084 | ||||||
6,500,000 | CIFC Funding Ltd., Series 2014-5A, Class BR2, 3-month LIBOR + 1.800%, 2.041%, 10/17/2031, 144A(b) | 6,473,291 | ||||||
4,415,000 | CIFC Funding Ltd., Series 2021-6A, Class B, 3-month LIBOR + 1.650%, 1.855%, 10/15/2034, 144A(b) | 4,370,616 | ||||||
3,335,000 | Dryden 53 CLO Ltd., Series 2017-53A, Class B, 3-month LIBOR + 1.400%, 1.641%, 1/15/2031, 144A(b) | 3,302,921 | ||||||
1,250,000 | Galaxy XXV CLO Ltd., Series 2018-25A, Class B, 3-month LIBOR + 1.650%, 1.908%, 10/25/2031, 144A(b) | 1,235,784 | ||||||
4,465,000 | Galaxy XXVI CLO Ltd., Series 2018-26A, Class B, 3-month LIBOR + 1.700%, 2.180%, 11/22/2031, 144A(b) | 4,424,293 | ||||||
5,405,000 | Goldentree Loan Management U.S CLO 3 Ltd., Series 2018-3A, Class B1, 3-month LIBOR + 1.550%, 1.804%, 4/20/2030, 144A(b) | 5,371,959 | ||||||
403,333 | Halcyon Loan Advisors Funding Ltd., Series 2014-3A, Class B1R, 3-month LIBOR + 1.700%, 1.959%, 10/22/2025, 144A(b) | 403,376 | ||||||
13,735,000 | Hayfin U.S. XII Ltd., Series 2018-8A, Class B, 3-month LIBOR + 1.480%, 1.734%, 4/20/2031, 144A(b) | 13,507,274 | ||||||
3,545,000 | Invesco CLO Ltd., Series 2021-1A, Class D, 3-month LIBOR + 3.050% 3.291%, 4/15/2034, 144A(b) | 3,445,914 | ||||||
13,180,000 | Madison Park Funding XIV Ltd., Series 2014-14A, Class BRR, 3-month LIBOR + 1.700%, 1.959%, 10/22/2030, 144A(b) | 13,108,485 | ||||||
2,945,000 | Magnetite XIV-R Ltd., Series 2015-14RA, Class B, 3-month LIBOR + 1.600%, 1.841%, 10/18/2031, 144A(b) | 2,915,786 | ||||||
13,895,000 | Morgan Stanley Eaton Vance CLO, Series 2022-16A, Class B, 3-month Term SOFR + 1.950%, 4/15/2035, 144A(b)(c)(d)(h) | 13,860,915 | ||||||
2,105,000 | Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class DR, 3-month LIBOR + 2.900%, 3.141%, 4/15/2034, 144A(b) | 2,040,926 | ||||||
545,455 | Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class A2R2, 3-month LIBOR + 1.700%, 1.955%, 10/21/2030, 144A(b) | 538,900 | ||||||
6,205,000 | OCP CLO Ltd., Series 2016-12A, Class BR2, 3-month Term SOFR + 1.810%, 2.531%, 4/18/2033, 144A(b) | 6,174,310 | ||||||
14,755,000 | OCP CLO Ltd., Series 2020-8RA, Class A2, 3-month LIBOR + 1.550%, 1.791%, 1/17/2032, 144A(b) | 14,593,772 | ||||||
2,000,000 | Octagon Investment Partners 26 Ltd., Series 2016-1A, Class BR, 3-month LIBOR + 1.600%, 1.841%, 7/15/2030, 144A(b) | 1,969,606 | ||||||
1,986,282 | Octagon Investment Partners 28 Ltd., Series 2016-1A, Class BR, 3-month LIBOR + 1.800%, 2.059%, 10/24/2030, 144A(b) | 1,966,004 | ||||||
4,155,000 | Octagon Investment Partners 46 Ltd., Series 2020-2A, Class DR, 3-month LIBOR + 3.300%, 3.541%, 7/15/2036, 144A(b) | 4,066,062 | ||||||
7,170,000 | Octagon Investment Partners Ltd., Series 2018-18A, Class A2, 3-month LIBOR + 1.470%, 1.711%, 4/16/2031, 144A(b) | 7,043,041 | ||||||
1,440,000 | Palmer Square CLO Ltd., Series 2015-1A, Class A2R4, 3-month LIBOR + 1.700%, 2.180%, 5/21/2034, 144A(b) | 1,421,945 | ||||||
12,875,000 | Post CLO Ltd., Series 2022-1A, Class B, 3-month Term SOFR + 1.900%, 2.613%, 4/20/2035, 144A(b) | 12,812,183 | ||||||
4,310,000 | Rad CLO Ltd., Series 2021-15A, Class B, 3-month LIBOR + 1.650%, 1.897%, 1/20/2034, 144A(b) | 4,277,356 | ||||||
1,730,000 | Recette CLO Ltd., Series 2015-1A, Class BRR, 3-month LIBOR + 1.400%, 1.654%, 4/20/2034, 144A(b) | 1,680,255 | ||||||
1,015,000 | Regatta XV Funding Ltd., Series 2018-4A, Class A2, 3-month LIBOR + 1.850%, 2.108%, 10/25/2031, 144A(b) | 998,696 |
Principal Amount | Description | Value (†) | ||||||
Collateralized Loan Obligations – continued | ||||||||
$ 6,680,000 | Rockford Tower CLO Ltd., Series 2017-1A, Class DR2A, 3-month LIBOR + 3.250%, 3.504%, 4/20/2034, 144A(b) | $ | 6,591,777 | |||||
1,830,000 | Vibrant CLO XIV Ltd., Series 2021-14A, Class C, 3-month LIBOR + 3.750%, 4.004%, 10/20/2034, 144A(b) | 1,784,612 | ||||||
3,335,000 | Voya CLO Ltd., Series 2013-3A, Class A2RR, 3-month LIBOR + 1.700%, 1.941%, 10/18/2031, 144A(b) | 3,274,897 | ||||||
1,610,000 | Voya CLO Ltd., Series 2016-3A, Class A3R, 3-month LIBOR + 1.750%, 1.991%, 10/18/2031, 144A(b) | 1,577,174 | ||||||
6,235,000 | Voya CLO Ltd., Series 2018-3A, Class B, 3-month LIBOR + 1.650%, 1.891%, 10/15/2031, 144A(b) | 6,139,062 | ||||||
|
| |||||||
Total Collateralized Loan Obligations (Identified Cost $205,919,199) | 206,694,087 | |||||||
|
| |||||||
Shares | ||||||||
Preferred Stocks – 1.3% | ||||||||
Convertible Preferred Stocks – 1.3% | ||||||||
Banking – 0.8% |
| |||||||
17,832 | Bank of America Corp., Series L, 7.250% | 23,404,500 | ||||||
18,269 | Wells Fargo & Co., Class A, Series L, 7.500% | 24,206,425 | ||||||
|
| |||||||
47,610,925 | ||||||||
|
| |||||||
Wireless – 0.5% |
| |||||||
28,763 | 2020 Cash Mandatory Exchangeable Trust, 5.250%, 144A(c)(d) | 32,070,745 | ||||||
|
| |||||||
Total Convertible Preferred Stocks (Identified Cost $83,896,536) | 79,681,670 | |||||||
|
| |||||||
Total Preferred Stocks (Identified Cost $83,896,536) | 79,681,670 | |||||||
|
| |||||||
Principal Amount | ||||||||
Short-Term Investments – 2.9% | ||||||||
$ 176,957,154 | Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/2022 at 0.000% to be repurchased at $176,957,154 on 4/01/2022 collateralized by $181,147,400 U.S. Treasury Note, 2.375% due 3/31/2029 valued at $180,496,356 including accrued interest(i) (Identified Cost $176,957,154) | 176,957,154 | ||||||
|
| |||||||
Total Investments – 98.7% (Identified Cost $6,170,511,131) | 6,034,732,415 | |||||||
Other assets less liabilities – 1.3% | 80,172,037 | |||||||
|
| |||||||
Net Assets – 100.0% | $ | 6,114,904,452 | ||||||
|
|
(†) | Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows: Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers. |
Senior loans and collateralized loan obligations are valued at bid prices supplied by an independent pricing service, if available.
Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be valued using evaluated bids furnished by an independent pricing service, if available.
In some foreign markets, an official close price and a last sale price may be available from the foreign exchange or market. In those cases, the official close price is used.
Broker-dealer bid prices may be used to value debt and unlisted equity securities and senior loans and collateralized loan obligations where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.
Forward foreign currency contracts are valued utilizing interpolated rates determined based on information provided by an independent pricing service.
Futures contracts are valued at the most recent settlement price on the exchange on which the adviser believes that, over time, they are traded most extensively.
Centrally cleared swap agreements are valued at settlement prices of the clearing house on which the contracts were traded or prices obtained from broker-dealers.
Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees. The Fund may also value securities and other investments at fair value in other circumstances such as when extraordinary events occur after the close of a foreign market but prior to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of the issuer’s security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing its securities or other investments, the Fund may, among other things, use modeling tools or other processes that may take into account factors such as securities or other market activity and/or significant events that occur after the close of the foreign market and before the time the Fund’s net asset value (“NAV”) is calculated. Fair value pricing may require subjective determinations about the value of a security, and fair values used to determine the Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same securities. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities held by the Fund.
Illiquid securities for which market quotations are readily available and have been evaluated by the adviser are considered and classified as fair valued securities pursuant to the Fund’s pricing policies and procedures.
The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.
(a) | Variable rate security. The interest rate adjusts periodically based on; (i) changes in current interest rates and/or prepayments on underlying pools of assets, if applicable, (ii) reference to a base lending rate plus or minus a margin, and/or (iii) reference to a base lending rate adjusted by a multiplier and/or subject to certain floors or caps. Rate as of March 31, 2022 is disclosed. |
(b) | Variable rate security. Rate as of March 31, 2022 is disclosed. |
(c) | Illiquid security. |
(d) | Securities classified as fair valued pursuant to the Fund’s pricing policies and procedures. At March 31, 2022, the value of these securities amounted to $107,395,644 or 1.8% of net assets. |
(e) | Security (or a portion thereof) has been pledged as collateral for potential derivative contracts. |
(f) | Interest rate represents annualized yield at time of purchase; not a coupon rate. The Fund’s investment in this security is comprised of various lots with differing annualized yields. |
(g) | Interest rate represents annualized yield at time of purchase; not a coupon rate. |
(h) | New issue unsettled as of March 31, 2022. Coupon rate does not take effect until settlement date. |
(i) | The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of March 31, 2022, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement. |
144A | All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2022, the value of Rule 144A holdings amounted to $2,296,482,228 or 37.6% of net assets. |
ABS | Asset-Backed Securities |
ARS | Auction Rate Security |
FNMA | Federal National Mortgage Association |
GMTN | Global Medium Term Note |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
REITs | Real Estate Investment Trusts |
SLM | Sallie Mae |
SOFR | Secured Overnight Financing Rate |
Fair Value Measurements
In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:
• | Level 1 – quoted prices in active markets for identical assets or liabilities; |
• | Level 2 – prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and |
• | Level 3 – prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available). |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used to value the Fund’s investments as of March 31, 2022, at value:
Asset Valuation Inputs
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Bonds and Notes* | $ | — | $ | 5,571,399,504 | $ | — | $ | 5,571,399,504 | ||||||||
Collateralized Loan Obligations | — | 206,694,087 | — | 206,694,087 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Banking | 47,610,925 | — | — | 47,610,925 | ||||||||||||
Wireless | — | 32,070,745 | — | 32,070,745 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Preferred Stocks | 47,610,925 | 32,070,745 | — | 79,681,670 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Investments | — | 176,957,154 | — | 176,957,154 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 47,610,925 | $ | 5,987,121,490 | $ | — | $ | 6,034,732,415 | ||||||||
|
|
|
|
|
|
|
|
* | Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments. |
Industry Summary at March 31, 2022 (Unaudited)
Treasuries | 14.7 | % | ||
Banking | 10.2 | |||
ABS Car Loan | 7.1 | |||
ABS Home Equity | 4.8 | |||
Finance Companies | 4.6 | |||
Technology | 4.5 | |||
Life Insurance | 3.1 | |||
ABS Other | 3.0 | |||
Independent Energy | 2.7 | |||
Cable Satellite | 2.6 | |||
Metals & Mining | 2.6 | |||
Aerospace & Defense | 2.3 | |||
Wireless | 2.2 | |||
Automotive | 2.2 | |||
Midstream | 2.2 | |||
Other Investments, less than 2% each | 23.6 | |||
Collateralized Loan Obligations | 3.4 | |||
Short-Term Investments | 2.9 | |||
|
| |||
Total Investments | 98.7 | |||
Other assets less liabilities | 1.3 | |||
|
| |||
Net Assets | 100.0 | % | ||
|
|