Ab Global Bond Fund NPORT-P Ab Global Bond Fund, Inc. (Dec 2022 report)

AB Global Bond Fund

Portfolio of Investments

December 31, 2022 (unaudited)

	Principal Amount (000)			U.S. $ Value
GOVERNMENTS - TREASURIES – 46.7%
Australia – 2.3%
Australia Government Bond
Series 136 4.75%, 04/21/2027(a)		AUD	119,809	$	85,161,298
Series 145 2.75%, 06/21/2035(a)			51,003		29,876,740
Series 150 3.00%, 03/21/2047(a)			14,094		7,612,153
					122,650,191
Austria – 2.2%
Republic of Austria Government Bond Zero Coupon, 02/20/2030(a)		EUR	5,136		4,421,818
0.50%, 02/20/2029(a)			4,212		3,879,437
0.90%, 02/20/2032(a)			121,364		106,782,021
					115,083,276
Belgium – 0.9%
Kingdom of Belgium Government Bond
Series 84 1.45%, 06/22/2037(a)			25,528		21,297,719
Series 96 2.75%, 04/22/2039(a)			27,732		27,041,799
					48,339,518
Canada – 1.6%
Canadian Government Bond 2.25%, 12/01/2029		CAD	17,213		11,951,183
2.75%, 09/01/2027			97,235		69,816,741
					81,767,924
China – 2.7%
China Government Bond
Series INBK 2.80%, 03/24/2029		CNY	181,350		26,088,707
3.01%, 05/13/2028			396,870		57,935,067
3.81%, 09/14/2050			365,210		57,448,930
					141,472,704
Germany – 5.1%
Bundesrepublik Deutschland Bundesanleihe Zero Coupon, 02/15/2032(a)		EUR	25,385		21,638,802
1.70%, 08/15/2032(a)			176,742		175,541,758
3.25%, 07/04/2042(a)			59,627		70,170,085
					267,350,645
Indonesia – 0.5%
Indonesia Treasury Bond Series FR87 6.50%, 02/15/2031		IDR	414,116,000		25,896,382

1

	Principal Amount (000)			U.S. $ Value
Italy – 0.3%
Italy Buoni Poliennali Del Tesoro Series 13Y 4.00%, 04/30/2035(a)		EUR	16,125	$	15,961,174
Japan – 3.4%
Japan Government Forty Year Bond Series 15 1.00%, 03/20/2062		JPY	6,382,500		39,043,426
Japan Government Thirty Year Bond
Series 65 0.40%, 12/20/2049			5,587,150		32,376,702
Series 68 0.60%, 09/20/2050			3,939,050		23,642,380
Series 74 1.00%, 03/20/2052			1,468,300		9,706,422
Series 76 1.40%, 09/20/2052			4,094,850		29,914,200
Japan Government Twenty Year Bond
Series 159 0.60%, 12/20/2036			4,022,550		29,314,493
Series 169 0.30%, 06/20/2039			1,984,250		13,235,243
					177,232,866
Malaysia – 0.5%
Malaysia Government Bond Series 310 4.498%, 04/15/2030		MYR	101,778		23,746,737
New Zealand – 1.2%
New Zealand Government Bond
Series 433 3.50%, 04/14/2033(a)		NZD	74,208		43,303,678
Series 532 2.00%, 05/15/2032			39,195		20,219,470
					63,523,148
Peru – 0.7%
Peru Government Bond 6.15%, 08/12/2032		PEN	157,262		36,406,831
South Korea – 7.2%
Korea Treasury Bond
Series 2506 3.125%, 06/10/2025		KRW	280,508,520		218,374,718
Series 2703 2.375%, 03/10/2027			164,589,530		122,886,409
Series 2709 3.125%, 09/10/2027			48,185,960		36,899,288
					378,160,415
United Kingdom – 2.7%
United Kingdom Gilt 0.875%, 01/31/2046(a)		GBP	47,452		30,442,301
1.25%, 10/22/2041(a)			50,551		38,894,245
1.25%, 07/31/2051(a)			4,547		2,971,579

2

	Principal Amount (000)			U.S. $ Value
1.50%, 07/31/2053(a)		GBP	14,980	$	10,390,721
1.75%, 09/07/2037(a)			33,653		30,677,628
3.75%, 01/29/2038(a)			22,999		26,919,179
					140,295,653
United States – 15.4%
U.S. Treasury Bonds 1.125%, 05/15/2040		U.S.$	125,315		79,026,772
1.125%, 08/15/2040			95,345		59,709,806
1.75%, 08/15/2041			34,810		24,002,581
1.875%, 02/15/2051			99,191		63,621,787
2.00%, 08/15/2051			43,935		29,024,559
2.375%, 02/15/2042			21,356		16,417,425
3.00%, 11/15/2045			3,529		2,921,350
U.S. Treasury Notes 0.25%, 05/31/2025			121,173		110,002,364
0.50%, 02/28/2026			29,655		26,443,921
1.25%, 11/30/2026(b)			58,060		52,136,069
2.25%, 02/15/2027(b)			127,825		119,037,031
2.75%, 04/30/2027(b)			150,162		142,442,742
2.75%, 08/15/2032			84,561		77,214,946
					802,001,353
Total Governments - Treasuries (cost $2,683,144,487)					2,439,888,817
CORPORATES - INVESTMENT GRADE – 25.0%
Financial Institutions – 12.1%
Banking – 8.2%
AIB Group PLC 0.50%, 11/17/2027(a)		EUR	14,715		13,327,556
4.263%, 04/10/2025(a)		U.S.$	853		824,919
ASB Finance Ltd. 0.25%, 09/08/2028(a)		EUR	559		475,288
Australia & New Zealand Banking Group Ltd. 4.40%, 05/19/2026(a)		U.S.$	9,412		9,013,090
Banco Bilbao Vizcaya Argentaria SA Series 9 6.50%, 03/05/2025(c)			12,400		11,896,936
Banco de Credito del Peru SA 3.25%, 09/30/2031(a)			510		447,621
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5.375%, 04/17/2025(a)			450		444,881
Banco Santander SA 4.175%, 03/24/2028			17,400		16,130,838
5.147%, 08/18/2025			200		198,059
5.294%, 08/18/2027			600		584,975
Bangkok Bank PCL/Hong Kong 9.025%, 03/15/2029(a)			440		486,557
Bank Hapoalim BM 3.255%, 01/21/2032(a)			257		221,020

3

	Principal Amount (000)			U.S. $ Value
Bank Leumi Le-Israel BM 3.275%, 01/29/2031(a)		U.S.$	290	$	256,834
Bank Mandiri Persero Tbk PT 4.75%, 05/13/2025(a)			320		312,400
Bank of America Corp. 0.583%, 08/24/2028(a)		EUR	9,840		8,858,448
0.976%, 04/22/2025		U.S.$	208		194,955
0.981%, 09/25/2025			626		577,432
1.898%, 07/23/2031			270		207,588
2.884%, 10/22/2030			461		387,243
3.194%, 07/23/2030			573		493,146
3.384%, 04/02/2026			68		64,925
3.559%, 04/23/2027			78		73,086
3.824%, 01/20/2028			450		420,098
3.841%, 04/25/2025			569		555,422
3.846%, 03/08/2037			240		198,505
3.97%, 03/05/2029			560		516,925
3.974%, 02/07/2030			461		418,762
4.571%, 04/27/2033			124		113,615
4.948%, 07/22/2028			580		566,801
5.015%, 07/22/2033			543		515,188
6.204%, 11/10/2028			165		169,857
Series B 8.05%, 06/15/2027			930		991,726
Series N 2.651%, 03/11/2032			425		340,272
Bank of Ireland Group PLC 6.253%, 09/16/2026(a)			200		198,873
Bank of Nova Scotia (The) 0.125%, 09/04/2026(a)		EUR	531		493,492
0.25%, 11/01/2028(a)			111		94,817
5.25%, 12/06/2024		U.S.$	118		118,121
Banque Federative du Credit Mutuel SA 0.625%, 11/19/2027(a)		EUR	100		90,519
2.375%, 03/24/2026(a)			500		508,818
Barclays PLC 4.836%, 05/09/2028		U.S.$	650		598,608
5.088%, 06/20/2030			405		372,719
5.20%, 05/12/2026			515		500,549
7.325%, 11/02/2026			564		584,565
7.385%, 11/02/2028			544		565,479
8.00%, 03/15/2029(c)			11,342		10,686,528
Bbva Bancomer Sa/texas 1.875%, 09/18/2025(a)			600		546,862
BDO Unibank, Inc. 2.125%, 01/13/2026(a)			240		217,800
Belfius Bank SA 3.125%, 05/11/2026(a)		EUR	500		513,934
Berlin Hyp AG 1.25%, 01/22/2025			500		508,908
BNP Paribas SA 2.219%, 06/09/2026(a)		U.S.$	475		437,540
4.625%, 03/13/2027(a)			609		579,436
4.625%, 02/25/2031(a) (c)			3,804		2,944,882
7.75%, 08/16/2029(a) (c)			5,120		5,094,618

4

	Principal Amount (000)			U.S. $ Value
BPCE SA 2.875%, 04/22/2026(a)		EUR	500	$	515,220
3.25%, 01/11/2028(a)		U.S.$	338		303,105
4.50%, 03/15/2025(a)			8,251		7,923,905
4.625%, 07/11/2024(a)			719		698,989
5.15%, 07/21/2024(a)			260		254,944
5.25%, 04/16/2029(a)		GBP	100		113,468
CaixaBank SA 0.375%, 11/18/2026(a)		EUR	10,300		9,781,902
1.50%, 12/03/2026(a)		GBP	2,200		2,327,443
Capital One Financial Corp. 1.65%, 06/12/2029		EUR	325		276,656
CBQ Finance Ltd. 2.00%, 05/12/2026(a)		U.S.$	450		405,225
Citigroup, Inc. 0.50%, 10/08/2027(a)		EUR	440		409,888
0.981%, 05/01/2025		U.S.$	615		575,718
3.352%, 04/24/2025			593		574,893
5.95%, 01/30/2023(c)			903		896,517
Series P 5.95%, 05/15/2025(c)			2,793		2,553,417
Series W 4.00%, 12/10/2025(c)			232		202,367
Series Y 4.15%, 11/15/2026(c)			7,121		5,861,524
Commonwealth Bank of Australia 2.688%, 03/11/2031(a)			365		280,508
Cooperatieve Rabobank UA 3.25%, 12/29/2026(a) (c)		EUR	5,600		5,096,372
4.375%, 06/29/2027(a) (c)			6,200		5,901,884
4.625%, 05/23/2029(a)		GBP	125		137,907
Credit Agricole SA 3.25%, 01/14/2030(a)		U.S.$	371		303,878
4.375%, 03/17/2025(a)			589		568,464
Credit Suisse AG/London 0.25%, 01/05/2026(a)		EUR	531		483,016
0.25%, 09/01/2028(a)			455		350,431
Credit Suisse AG/New York NY 3.625%, 09/09/2024		U.S.$	271		253,158
Credit Suisse Group AG 3.25%, 04/02/2026(a)		EUR	425		408,223
3.75%, 03/26/2025		U.S.$	645		582,086
4.194%, 04/01/2031(a)			15,457		12,042,321
6.373%, 07/15/2026(a)			3,735		3,505,267
9.016%, 11/15/2033(a)			374		384,736
Danske Bank A/S 0.75%, 06/09/2029(a)		EUR	10,211		8,895,421
1.621%, 09/11/2026(a)		U.S.$	441		388,265
3.244%, 12/20/2025(a)			3,465		3,239,123
4.298%, 04/01/2028(a)			7,178		6,611,461

5

	Principal Amount (000)				U.S. $ Value
DBS Group Holdings Ltd. Series G 3.30%, 02/27/2025(a) (c)		U.S.$	240		$	222,900
Deutsche Bank AG 1.625%, 01/20/2027(a)		EUR	500			471,320
1.75%, 11/19/2030(a)			300			251,220
2.625%, 02/12/2026(a)			7,400			7,463,702
Deutsche Bank AG/New York NY 3.961%, 11/26/2025		U.S.$	240			229,397
6.119%, 07/14/2026			555			551,851
Discover Financial Services 6.70%, 11/29/2032			4,179			4,252,694
DNB Bank ASA 0.25%, 02/23/2029(a)		EUR	180			158,155
0.375%, 01/18/2028(a)			257			239,434
1.625%, 05/31/2026(a)			120			121,754
Doha Finance Ltd. 2.375%, 03/31/2026(a)		U.S.$	590			529,082
Erste Group Bank AG 0.875%, 05/13/2027(a)		EUR	300			281,010
1.625%, 09/08/2031(a)			200			184,904
4.25%, 10/15/2027(a) (c)			200			169,495
Federation des Caisses Desjardins du Quebec 4.40%, 08/23/2025(a)		U.S.$	315			307,119
4.55%, 08/23/2027(a)			618			593,006
First Abu Dhabi Bank PJSC 4.50%, 04/05/2026(a) (c)			480			458,940
Goldman Sachs Group, Inc. (The) 1.757%, 01/24/2025			619			592,397
3.615%, 03/15/2028			32			29,711
4.223%, 05/01/2029			230			214,225
4.25%, 01/29/2026(a)		GBP	335			392,184
4.693% (SOFR + 1.39%), 03/15/2024(d)		U.S.$	285			285,357
6.875%, 01/18/2038		GBP	75			97,433
HSBC Holdings PLC 1.645%, 04/18/2026		U.S.$	431			389,230
2.013%, 09/22/2028			699	��		582,026
3.125%, 06/07/2028		EUR	484			479,176
3.973%, 05/22/2030		U.S.$	420			366,889
4.18%, 12/09/2025			619			600,984
4.292%, 09/12/2026			204			195,705
4.60%, 12/17/2030(c)			7,312			5,738,046
4.755%, 06/09/2028			419			396,488
4.762%, 03/29/2033			363			313,902
5.21%, 08/11/2028			9,435			9,077,710
5.75%, 12/20/2027(a)		GBP	125			148,810
7.336%, 11/03/2026		U.S.$	10,146			10,550,760
7.39%, 11/03/2028			200			209,680
8.113%, 11/03/2033			456			482,969
Huntington National Bank (The) 5.699%, 11/18/2025			578			579,756
ING Groep NV 1.75%, 02/16/2031(a)		EUR	100			88,897
2.125%, 05/26/2031(a)			200			194,182
6.50%, 04/16/2025(c)		U.S.$	226			213,886

6

	Principal Amount (000)			U.S. $ Value
Intesa Sanpaolo SpA 1.35%, 02/24/2031(a)		EUR	250	$	198,374
3.875%, 07/14/2027(a)		U.S.$	200		179,399
5.017%, 06/26/2024(a)			9,793		9,456,716
5.71%, 01/15/2026(a)			5,580		5,374,162
7.00%, 11/21/2025(a)			1,087		1,110,443
Series XR 3.25%, 09/23/2024(a)			610		578,664
4.00%, 09/23/2029(a)			200		170,476
Investec Bank PLC 1.25%, 08/11/2026(a)		EUR	461		441,298
JPMorgan Chase & Co. 0.563%, 02/16/2025		U.S.$	611		576,311
0.824%, 06/01/2025			283		263,962
1.09%, 03/11/2027(a)		EUR	7,804		7,592,037
1.578%, 04/22/2027		U.S.$	580		510,485
2.522%, 04/22/2031			206		168,534
2.545%, 11/08/2032			315		248,920
2.947%, 02/24/2028			720		651,752
3.22%, 03/01/2025			11		10,691
3.509%, 01/23/2029			235		213,146
3.96%, 01/29/2027			383		365,621
4.005%, 04/23/2029			149		138,022
4.323%, 04/26/2028			594		566,266
4.452%, 12/05/2029			604		567,820
4.565%, 06/14/2030			240		226,624
4.851%, 07/25/2028			268		261,643
5.546%, 12/15/2025			300		300,019
5.717%, 09/14/2033			175		171,965
Jyske Bank A/s 0.05%, 09/02/2026(a)		EUR	170		159,804
2.25%, 04/05/2029(a)			100		102,126
KBC Group NV 0.125%, 01/14/2029(a)			200		172,123
1.50%, 03/29/2026(a)			100		100,811
Kookmin Bank 2.50%, 11/04/2030(a)		U.S.$	810		641,439
Lloyds Banking Group PLC 1.50%, 09/12/2027(a)		EUR	508		487,617
3.574%, 11/07/2028		U.S.$	644		578,778
3.75%, 03/18/2028			285		262,522
5.125%, 12/27/2024(c)		GBP	200		222,620
7.953%, 11/15/2033		U.S.$	4,370		4,627,274
Macquarie Group Ltd. 0.35%, 03/03/2028(a)		EUR	555		480,615
0.625%, 02/03/2027(a)			100		92,152
5.491%, 11/09/2033(a)		U.S.$	124		116,982
Mitsubishi UFJ Financial Group, Inc. 5.354%, 09/13/2028			200		197,982
Mizuho Financial Group, Inc. 0.184%, 04/13/2026(a)		EUR	528		499,921
0.47%, 09/06/2029(a)			135		115,815

7

	Principal Amount (000)			U.S. $ Value
2.26%, 07/09/2032		U.S.$	200	$	152,727
4.353%, 10/20/2025(a)			325		315,193
5.414%, 09/13/2028			200		199,554
Morgan Stanley 0.406%, 10/29/2027		EUR	14,525		13,430,277
0.495%, 10/26/2029			280		239,860
0.497%, 02/07/2031			100		81,032
0.79%, 05/30/2025		U.S.$	619		576,765
0.791%, 01/22/2025			609		576,744
1.164%, 10/21/2025			626		576,000
2.72%, 07/22/2025			601		574,943
2.95%, 05/07/2032		EUR	235		222,995
3.772%, 01/24/2029		U.S.$	95		86,948
4.21%, 04/20/2028			309		293,502
4.679%, 07/17/2026			152		149,531
4.813%, 10/25/2028		EUR	7,920		8,632,056
6.296%, 10/18/2028		U.S.$	245		252,546
Series G 2.625%, 03/09/2027		GBP	245		267,333
Nanyang Commercial Bank Ltd. 3.80%, 11/20/2029(a)		U.S.$	570		534,660
National Australia Bank Ltd. 1.375%, 08/30/2028(a)		EUR	102		96,837
National Bank of Canada 3.75%, 06/09/2025		U.S.$	590		574,017
National Securities Clearing Corp. 5.10%, 11/21/2027(a)			250		251,310
Nationwide Building Society 0.25%, 09/14/2028(a)		EUR	554		475,389
2.972%, 02/16/2028(a)		U.S.$	4,664		4,109,665
4.00%, 09/14/2026(a)			250		229,356
4.089% (SOFR + 1.29%), 02/16/2028(a) (d)			290		271,851
NatWest Group PLC 0.78%, 02/26/2030(a)		EUR	17,390		14,585,012
3.622%, 08/14/2030(a)		GBP	105		116,863
4.445%, 05/08/2030		U.S.$	455		412,771
5.076%, 01/27/2030			791		743,633
7.472%, 11/10/2026			2,612		2,719,458
NatWest Markets PLC 0.125%, 11/12/2025(a)		EUR	105		100,569
0.125%, 06/18/2026(a)			534		498,299
1.60%, 09/29/2026(a)		U.S.$	400		346,975
NBK Tier 1 Financing 2 Ltd. 4.50%, 08/27/2025(a) (c)			290		266,039
NIBC Bank NV 0.25%, 09/09/2026(a)		EUR	500		450,190
Nykredit Realkredit AS 0.25%, 01/13/2026(a)			528		498,200
OP Corporate Bank PLC 0.375%, 06/16/2028(a)			554		479,560
Oversea-Chinese Banking Corp. Ltd. 1.832%, 09/10/2030(a)		U.S.$	530		476,226

8

	Principal Amount (000)			U.S. $ Value
Philippine National Bank 3.28%, 09/27/2024(a)		U.S.$	480	$	451,290
PNC Financial Services Group, Inc. (The) Series O 8.118% (LIBOR 3 Month + 3.68%), 02/01/2023(c) (d)			1,214		1,215,688
QIB Sukuk Ltd. 1.95%, 10/27/2025(a)			300		272,869
QNB Finance Ltd. 1.375%, 01/26/2026(a)			510		455,271
2.75%, 02/12/2027(a)			240		220,520
Raiffeisen Bank International AG 0.05%, 09/01/2027(a)		EUR	600		512,061
Santander Consumer Bank AS 0.125%, 09/11/2024(a)			200		200,994
Santander Holdings USA, Inc. 2.49%, 01/06/2028		U.S.$	5,605		4,822,040
5.807%, 09/09/2026			120		118,933
Santander UK Group Holdings PLC 0.603%, 09/13/2029(a)		EUR	1,438		1,195,447
2.469%, 01/11/2028		U.S.$	450		384,538
6.833%, 11/21/2026			9,322		9,429,631
Shinhan Bank Co., Ltd. 4.00%, 04/23/2029(a)			760		671,555
Shinhan Financial Group Co., Ltd. 3.34%, 02/05/2030(a)			540		499,095
5.875%, 08/13/2023(a) (c)			230		225,975
Siam Commercial Bank PCL/Cayman Islands Series G 4.40%, 02/11/2029(a)			350		332,894
Societe Generale SA 0.125%, 02/18/2028(a)		EUR	600		530,242
1.50%, 05/30/2025(a)			100		103,676
2.797%, 01/19/2028(a)		U.S.$	16,809		14,675,415
Standard Chartered PLC 0.80%, 11/17/2029(a)		EUR	195		165,424
2.608%, 01/12/2028(a)		U.S.$	12,199		10,575,798
2.819%, 01/30/2026(a)			693		644,529
3.125%, 11/19/2024(a)		EUR	479		503,372
5.925% (LIBOR 3 Month + 1.51%), 01/30/2027(a) (c) (d)		U.S.$	12,300		9,471,000
7.776%, 11/16/2025(a)			595		613,650
Sumitomo Mitsui Financial Group, Inc. 0.632%, 10/23/2029(a)		EUR	110		93,164
1.546%, 06/15/2026(a)			499		493,097
3.04%, 07/16/2029		U.S.$	585		505,970
Svenska Handelsbanken AB 4.75%, 03/01/2031(a) (c)			200		163,626
Swedbank AB 0.20%, 01/12/2028(a)		EUR	556		486,957

9

		Principal Amount (000)			U.S. $ Value
Series G 0.25%, 11/02/2026(a)			EUR	265	$	248,394
Series NC5
5.625%, 09/17/2024(a) (c)			U.S.$	3,600		3,447,723
Toronto-Dominion Bank (The) 0.50%, 01/18/2027(a)			EUR	526		488,986
UBS Group AG 0.25%, 02/24/2028(a)				547		476,241
3.126%, 08/13/2030(a)			U.S.$	295		249,353
4.312% (SOFR + 1.58%), 05/12/2026(a) (d)				17,565		17,605,157
5.125%, 07/29/2026(a) (c)				200		186,834
UniCredit SpA 1.982%, 06/03/2027(a)				619		527,194
2.569%, 09/22/2026(a)				15,592		13,800,807
3.127%, 06/03/2032(a)				9,762		7,388,089
United Overseas Bank Ltd. 2.00%, 10/14/2031(a)				200		174,534
Series G 1.75%, 03/16/2031(a)				250		221,088
Virgin Money UK PLC Series G 5.125%, 12/11/2030(a)			GBP	135		151,101
Visa, Inc. 1.50%, 06/15/2026			EUR	375		376,650
1.90%, 04/15/2027			U.S.$	262		236,412
2.75%, 09/15/2027				602		558,153
Wells Fargo & Co. 0.805%, 05/19/2025				74		69,283
2.393%, 06/02/2028				200		176,383
4.54%, 08/15/2026				123		120,646
Western Union Co. (The) 2.75%, 03/15/2031				221		167,210
Westpac Banking Corp. 5.35%, 10/18/2024				113		113,830
5.457%, 11/18/2027				113		115,379
Series G 4.322%, 11/23/2031				185		173,289
Woori Bank 5.125%, 08/06/2028(a)				210		198,404
Yorkshire Building Society 0.50%, 07/01/2028(a)			EUR	553		478,027
						429,606,829
Brokerage – 0.2%
Abrdn PLC 4.25%, 06/30/2028(a)			U.S.$	299		263,472
Blue Owl Finance LLC 4.375%, 02/15/2032(a)				133		105,530
Brookfield Finance, Inc. 3.90%, 01/25/2028				583		536,124
Charles Schwab Corp. (The) Series I 4.00%, 06/01/2026(c)	��			11,930		10,345,125

10

	Principal Amount (000)			U.S. $ Value
Clearstream Banking AG Zero Coupon, 12/01/2025(a)		EUR	200	$	193,434
Intercorp Peru Ltd. 3.875%, 08/15/2029(a)		U.S.$	370		304,556
					11,748,241
Finance – 1.0%
Aareal Bank AG 0.75%, 04/18/2028(a)		EUR	500		424,111
Air Lease Corp. 2.10%, 09/01/2028		U.S.$	2,747		2,242,066
3.25%, 03/01/2025			568		539,376
3.625%, 04/01/2027			827		754,175
4.625%, 10/01/2028			1,502		1,406,797
Aircastle Ltd. 2.85%, 01/26/2028(a)			9,362		7,660,721
4.25%, 06/15/2026			4,586		4,317,609
5.25%, 08/11/2025(a)			6,102		5,875,047
Aviation Capital Group LLC 1.95%, 01/30/2026(a)			1,832		1,595,970
1.95%, 09/20/2026(a)			2,125		1,795,822
3.50%, 11/01/2027(a)			1,342		1,174,292
4.125%, 08/01/2025(a)			23		21,374
4.375%, 01/30/2024(a)			1,889		1,843,469
4.875%, 10/01/2025(a)			926		872,349
5.50%, 12/15/2024(a)			5,268		5,168,198
Bain Capital Specialty Finance, Inc. 2.55%, 10/13/2026			139		114,313
BOC Aviation Ltd. 3.875%, 04/27/2026(a)			620		591,499
CCBL Cayman 1 Corp. Ltd. 1.80%, 07/22/2026(a)			400		355,575
CDBL Funding 1 3.50%, 10/24/2027(a)			430		393,459
China Development Bank Financial Leasing Co., Ltd. 2.875%, 09/28/2030(a)			350		322,722
EQT AB 0.875%, 05/14/2031(a)		EUR	586		432,879
Huarong Finance 2017 Co., Ltd. 4.25%, 11/07/2027(a)		U.S.$	530		447,850
4.75%, 04/27/2027(a)			290		253,623
Huarong Finance 2019 Co., Ltd. 3.25%, 11/13/2024(a)			260		238,518
3.375%, 02/24/2030(a)			570		431,348
ICBCIL Finance Co., Ltd. 3.625%, 05/19/2026(a)			230		218,615
Intercorp Financial Services, Inc. 4.125%, 10/19/2027(a)			840		737,257
KKR Group Finance Co. X LLC 3.25%, 12/15/2051(a)			139		88,204

11

	Principal Amount (000)			U.S. $ Value
OWL Rock Core Income Corp. 7.75%, 09/16/2027(a)		U.S.$	571	$	568,123
Owl Rock Technology Finance Corp. 2.50%, 01/15/2027			288		234,825
Power Finance Corp., Ltd. Series G 3.35%, 05/16/203(a)			360		297,508
Prospect Capital Corp. 3.364%, 11/15/2026			666		555,499
Synchrony Financial 2.875%, 10/28/2031			9,262		6,902,400
3.95%, 12/01/2027			1,270		1,133,686
5.15%, 03/19/2029			220		207,544
					50,216,823
Insurance – 1.2%
ACE Capital Trust II 9.70%, 04/01/2030			150		186,051
Aegon NV 5.50%, 04/11/2048			653		587,843
Ageas SA/NV 1.875%, 11/24/2051(a)		EUR	100		76,466
Allianz SE 2.121%, 07/08/2050(a)			1,900		1,640,192
2.241%, 07/07/2045(a)			200		199,814
3.099%, 07/06/2047(a)			200		197,455
3.375%, 09/18/2024(a) (c)			200		206,326
4.252%, 07/05/2052(a)			6,800		6,673,708
4.75%, 10/24/2023(a) (c)			200		212,472
Argentum Netherlands BV for Swiss Re Ltd. 5.625%, 08/15/2052(a)		U.S.$	597		547,546
5.75%, 08/15/2050(a)			365		346,978
Argentum Netherlands BV for Zurich Insurance Co., Ltd. 3.50%, 10/01/2046(a)		EUR	155		156,227
Assicurazioni Generali SpA 3.875%, 01/29/2029(a)			305		311,398
Athene Global Funding 0.366%, 09/10/2026(a)			107		96,755
0.832%, 01/08/2027(a)			530		482,080
0.95%, 01/08/2024(a)		U.S.$	201		191,317
2.646%, 10/04/2031(a)			139		106,158
2.717%, 01/07/2029(a)			13		10,751
Athene Holding Ltd. 3.45%, 05/15/2052			139		85,817
3.50%, 01/15/2031			454		373,949
4.125%, 01/12/2028			467		429,425
Aviva PLC 4.00%, 06/03/2055(a)		GBP	135		125,112
AXA SA 3.25%, 05/28/2049(a)		EUR	299		283,037
4.25%, 03/10/2043(a)			138		134,621

12

	Principal Amount (000)			U.S. $ Value
Berkshire Hathaway, Inc. 2.15%, 03/15/2028		EUR	280	$	276,241
Cloverie PLC for Zurich Insurance Co., Ltd. 5.625%, 06/24/2046(a)		U.S.$	859		837,859
CNP Assurances 1.25%, 01/27/2029(a)		EUR	500		430,362
2.50%, 06/30/2051(a)			200		173,557
Coface SA 6.00%, 09/22/2032(a)			200		207,271
Credit Agricole Assurances SA 4.75%, 09/27/2048(a)			8,900		9,176,820
Elevance Health, Inc. 2.375%, 01/15/2025		U.S.$	46		43,670
3.35%, 12/01/2024			575		558,126
F&G Global Funding 5.15%, 07/07/2025(a)			594		580,815
Fairfax Financial Holdings Ltd. 5.625%, 08/16/2032(a)			123		115,506
GA Global Funding Trust 2.25%, 01/06/2027(a)			150		132,278
Guardian Life Insurance Co. of America (The) 4.85%, 01/24/2077(a)			149		122,626
Humana, Inc. 5.75%, 03/01/2028			77		78,687
Liberty Mutual Group, Inc. 3.625%, 05/23/2059(a)		EUR	8,585		8,094,450
Massmutual Global Funding Ii 5.05%, 12/07/2027(a)		U.S.$	200		202,284
MetLife Capital Trust IV 7.875%, 12/15/2037(a)			110		119,078
MetLife, Inc. 9.25%, 04/08/2038(a)			232		270,875
Metropolitan Life Global Funding I 4.30%, 08/25/2029(a)			614		581,758
5.232% (SOFR + 0.91%), 03/21/2025(a) (d)			285		282,980
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1.00%, 05/26/2042(a)		EUR	300		224,054
1.25%, 05/26/2041(a)			100		80,019
3.25%, 05/26/2049(a)			3,700		3,540,852
Nationwide Mutual Insurance Co. 9.375%, 08/15/2039(a)		U.S.$	4,295		5,561,012
New York Life Insurance Co. 4.45%, 05/15/2069(a)			80		66,665
Protective Life Global Funding 3.218%, 03/28/2025(a)			150		142,791
4.714%, 07/06/2027(a)			150		145,439
Prudential Financial, Inc. 5.20%, 03/15/2044			385		370,240
5.625%, 06/15/2043			435		428,477

13

	Principal Amount (000)			U.S. $ Value
QBE Insurance Group Ltd. 5.875%, 05/12/2025(a) (c)		U.S.$	325	$	307,350
Sammons Financial Group, Inc. 4.75%, 04/08/2032(a)			129		107,105
Sampo Oyj 2.50%, 09/03/2052(a)		EUR	296		236,596
Swiss Re Finance Luxembourg SA 4.25%, 09/04/2024(a) (c)		U.S.$	200		175,671
UNIQA Insurance Group AG 1.375%, 07/09/2030(a)		EUR	500		425,874
UnitedHealth Group, Inc. 3.875%, 08/15/2059		U.S.$	644		506,092
4.75%, 05/15/2052			121		112,133
4.95%, 05/15/2062			616		579,676
5.875%, 02/15/2053			111		120,517
6.05%, 02/15/2063			231		254,365
Voya Financial, Inc. 5.65%, 05/15/2053			12,751		12,524,981
					61,856,650
Other Finance – 0.0%
China Cinda 2020 I Management Ltd. 3.00%, 01/20/2031(a)			510		413,355
Computershare US, Inc. 1.125%, 10/07/2031(a)		EUR	305		238,638
Intercontinental Exchange, Inc. 5.20%, 06/15/2062		U.S.$	122		115,809
					767,802
REITs – 1.5%
Acef Holding SCA 1.25%, 04/26/2030(a)		EUR	436		323,819
American Tower Corp. 0.40%, 02/15/2027			270		246,715
0.50%, 01/15/2028			196		172,009
0.875%, 05/21/2029			16,895		14,375,415
4.00%, 06/01/2025		U.S.$	282		274,561
Annington Funding PLC 3.184%, 07/12/2029(a)		GBP	3,571		3,585,623
Aroundtown SA 0.375%, 04/15/2027(a)		EUR	100		70,694
Boston Properties LP 6.75%, 12/01/2027		U.S.$	162		167,299
Brandywine Operating Partnership LP 7.55%, 03/15/2028			601		590,112
Castellum Helsinki Finance Holding Abp 0.875%, 09/17/2029(a)		EUR	596		411,860
CBRE Services, Inc. 2.50%, 04/01/2031		U.S.$	647		511,366
Digital Euro Finco LLC 2.50%, 01/16/2026(a)		EUR	15,955		15,818,446

14

	Principal Amount (000)			U.S. $ Value
Digital Intrepid Holding BV 0.625%, 07/15/2031(a)		EUR	330	$	241,745
Equinix, Inc. 3.90%, 04/15/2032		U.S.$	129		114,259
Essential Properties LP 2.95%, 07/15/2031			10,801		7,832,352
Fastighets AB Balder 1.25%, 01/28/2028(a)		EUR	265		195,782
GLP Capital LP/GLP Financing II, Inc. 3.25%, 01/15/2032		U.S.$	5,638		4,511,528
Heimstaden Bostad Treasury BV 0.75%, 09/06/2029(a)		EUR	275		196,694
Host Hotels & Resorts LP Series J 2.90%, 12/15/2031		U.S.$	105		80,383
Icade Sante SACA 0.875%, 11/04/2029(a)		EUR	300		235,863
MAF Sukuk Ltd. 3.933%, 02/28/2030(a)		U.S.$	340		314,670
MPT Operating Partnership LP/MPT Finance Corp. 3.325%, 03/24/2025		EUR	100		96,954
NE Property BV 1.75%, 11/23/2024(a)			509		504,165
Nerval SAS 2.875%, 04/14/2032(a)			300		256,429
Office Properties Income Trust 2.40%, 02/01/2027		U.S.$	365		267,676
3.45%, 10/15/2031			534		359,964
Omega Healthcare Investors, Inc. 3.25%, 04/15/2033			8,923		6,453,875
3.375%, 02/01/2031			405		313,141
3.625%, 10/01/2029			1,382		1,135,891
Prologis Euro Finance LLC 0.375%, 02/06/2028		EUR	145		128,561
1.00%, 02/08/2029			220		194,849
Realty Income Corp. 1.125%, 07/13/2027		GBP	230		228,171
Regency Centers LP 4.40%, 02/01/2047		U.S.$	33		25,411
Sabra Health Care LP 5.125%, 08/15/2026			320		304,788
Samhallsbyggnadsbolaget i Norden AB 1.125%, 09/04/2026(a)		EUR	100		79,191
SBB Treasury Oyj 0.75%, 12/14/2028(a)			10,119		6,906,790
1.125%, 11/26/2029(a)			314		213,623
Segro Capital Sarl 1.875%, 03/23/2030(a)			273		247,687
Sirius Real Estate Ltd. 1.125%, 06/22/2026(a)			200		166,453
Spirit Realty LP 4.45%, 09/15/2026		U.S.$	393		375,194
Trust Fibra Uno 4.869%, 01/15/2030(a)			735		630,400
6.39%, 01/15/2050(a)			205		165,512

15

	Principal Amount (000)			U.S. $ Value
Unibail - Rodamco-Westfield SE 2.25%, 05/14/2038(a)		EUR	300	$	231,377
VICI Properties LP 4.75%, 02/15/2028		U.S.$	123		116,845
VICI Properties LP/VICI Note Co., Inc. 4.25%, 12/01/2026(a)			101		94,255
Vornado Realty LP 3.40%, 06/01/2031			233		172,887
WEA Finance LLC 2.875%, 01/15/2027(a)			650		557,746
Weyerhaeuser Co. 7.375%, 03/15/2032			140		155,081
WPC Eurobond BV 0.95%, 06/01/2030		EUR	582		450,292
1.35%, 04/15/2028			10,003		8,887,612
					79,992,015
					634,188,360
Industrial – 11.0%
Basic – 0.3%
Air Products and Chemicals, Inc. 0.50%, 05/05/2028			175		160,284
Amcor Flexibles North America, Inc. 2.69%, 05/25/2031		U.S.$	651		528,981
Amcor UK Finance PLC 1.125%, 06/23/2027		EUR	103		96,916
Anglo American Capital PLC 1.625%, 09/18/2025(a)			506		510,097
1.625%, 03/11/2026(a)			210		208,539
2.625%, 09/10/2030(a)		U.S.$	260		211,532
5.625%, 04/01/2030(a)			260		257,457
BHP Billiton Finance Ltd. Series 17 1.50%, 04/29/2030(a)		EUR	125		113,747
Braskem Netherlands Finance BV 4.50%, 01/10/2028(a)		U.S.$	450		402,834
Celanese US Holdings LLC 5.90%, 07/05/2024			130		129,931
6.05%, 03/15/2025			90		89,744
6.165%, 07/15/2027			311		307,144
6.33%, 07/15/2029			311		302,706
Celulosa Arauco y Constitucion SA 3.875%, 11/02/2027			200		187,163
4.20%, 01/29/2030(a)			470		437,482
5.50%, 04/30/2049(a)			260		230,393
Dow Chemical Co. (The) 6.90%, 05/15/2053			111		121,086
9.40%, 05/15/2039			279		368,265
Equate Petrochemical BV 2.625%, 04/28/2028(a)			1,000		868,000
Freeport Indonesia PT 4.763%, 04/14/2027(a)			320		306,835
5.315%, 04/14/2032(a)			404		370,714

16

	Principal Amount (000)			U.S. $ Value
Fresnillo PLC 4.25%, 10/02/2050(a)		U.S.$	240	$	188,520
GC Treasury Center Co., Ltd. 2.98%, 03/18/2031(a)			310		248,833
4.40%, 03/30/2032(a)			200		175,600
Glencore Capital Finance DAC 1.125%, 03/10/2028(a)		EUR	2,094		1,846,029
Glencore Finance Europe Ltd. 3.125%, 03/26/2026(a)		GBP	105		117,520
3.75%, 04/01/2026(a)		EUR	160		169,130
Gold Fields Orogen Holdings BVI Ltd. 6.125%, 05/15/2029(a)		U.S.$	200		202,038
Industrias Penoles SAB de CV 4.75%, 08/06/2050(a)			230		189,578
Inversiones CMPC SA 3.00%, 04/06/2031(a)			530		443,312
LANXESS AG 0.625%, 12/01/2029(a)		EUR	600		493,937
LG Chem Ltd. 2.375%, 07/07/2031(a)		U.S.$	510		398,693
LYB International Finance II BV 0.875%, 09/17/2026		EUR	214		199,856
Mondi Finance Europe GmbH 2.375%, 04/01/2028(a)			490		484,461
Nucor Corp. 4.30%, 05/23/2027		U.S.$	128		124,556
SABIC Capital I BV 2.15%, 09/14/2030(a)			1,020		855,397
Southern Copper Corp. 3.875%, 04/23/2025			180		173,621
5.875%, 04/23/2045			170		174,233
Suzano Austria GmbH 5.00%, 01/15/2030			200		187,100
Series DM3N 3.125%, 01/15/2032			500		389,375
UPL Corp. Ltd. 4.625%, 06/16/2030(a)			380		296,590
Vale Overseas Ltd. 3.75%, 07/08/2030			200		174,725
					13,742,954
Capital Goods – 0.1%
3M Co. 2.375%, 08/26/2029			637		540,681
Carlisle Cos., Inc. 0.55%, 09/01/2023			323		312,582
CNH Industrial Capital LLC 1.45%, 07/15/2026			205		181,239
CNH Industrial Finance Europe SA 1.625%, 07/03/2029(a)		EUR	261		238,431
1.75%, 09/12/2025(a)			210		212,677
Eaton Corp. 4.70%, 08/23/2052		U.S.$	180		164,090

17

	Principal Amount (000)			U.S. $ Value
Emerson Electric Co. 0.875%, 10/15/2026		U.S.$	655	$	567,506
HeidelbergCement Finance Luxembourg SA 1.75%, 04/24/2028(a)		EUR	180		172,562
IDEX Corp. 2.625%, 06/15/2031		U.S.$	667		553,855
Lockheed Martin Corp. 5.70%, 11/15/2054			295		312,844
5.90%, 11/15/2063			521		562,741
Metso Outotec Oyj 0.875%, 05/26/2028(a)		EUR	179		156,214
Safran SA 0.125%, 03/16/2026(a)			500		479,559
Schneider Electric SE 0.25%, 09/09/2024(a)			100		101,741
1.50%, 09/08/2023(a)			200		212,362
St Marys Cement, Inc. Canada 5.75%, 01/28/2027(a)		U.S.$	440		440,085
UltraTech Cement Ltd. 2.80%, 02/16/2031(a)			410		326,924
					5,536,093
Communications - Media – 0.8%
Charter Communications Operating LLC/Charter Communications Operating Capital 4.80%, 03/01/2050			330		241,471
5.375%, 05/01/2047			2,760		2,174,738
5.75%, 04/01/2048			245		201,487
6.484%, 10/23/2045			115		104,219
Comcast Corp. 1.875%, 02/20/2036		GBP	122		104,432
3.90%, 03/01/2038		U.S.$	230		199,404
4.049%, 11/01/2052			300		241,370
4.65%, 07/15/2042			210		189,628
Cox Communications, Inc. 4.50%, 06/30/2043(a)			155		125,472
Directv Financing LLC/Directv Financing Co-Obligor, Inc. 5.875%, 08/15/2027(a)			145		130,032
Discovery Communications LLC 1.90%, 03/19/2027		EUR	144		139,394
5.20%, 09/20/2047		U.S.$	9,179		6,857,914
5.30%, 05/15/2049			3,856		2,922,679
Fox Corp. 3.50%, 04/08/2030			190		168,021
5.476%, 01/25/2039			240		218,192
Grupo Televisa SAB 6.625%, 01/15/2040			350		359,800
Informa PLC 2.125%, 10/06/2025(a)		EUR	496		504,059
Interpublic Group of Cos., Inc. (The) 3.375%, 03/01/2041		U.S.$	105		74,009
4.75%, 03/30/2030			175		165,038

18

	Principal Amount (000)			U.S. $ Value
ITV PLC 1.375%, 09/26/2026(a)		EUR	517	$	499,511
JCDecaux SA 1.625%, 02/07/2030(a)			100		85,499
2.625%, 04/24/2028(a)			500		477,446
Meta Platforms, Inc. 4.65%, 08/15/2062(a)		U.S.$	92		73,594
Netflix, Inc. 3.625%, 05/15/2027		EUR	6,300		6,467,656
4.625%, 05/15/2029			5,971		6,243,834
Omnicom Group, Inc./Omnicom Capital, Inc. 3.65%, 11/01/2024		U.S.$	197		192,902
Paramount Global 4.20%, 05/19/2032			2,223		1,817,466
Prosus NV 1.539%, 08/03/2028(a)		EUR	230		198,889
2.778%, 01/19/2034(a)			199		152,859
3.257%, 01/19/2027(a)		U.S.$	250		224,375
3.68%, 01/21/2030(a)			970		804,069
Tencent Holdings Ltd. 2.39%, 06/03/2030(a)			820		669,637
Time Warner Cable LLC 5.25%, 07/15/2042		GBP	100		97,107
Walt Disney Co. (The) 3.80%, 05/13/2060		U.S.$	215		165,187
Warnermedia Holdings, Inc. 3.755%, 03/15/2027(a)			4,535		4,093,034
5.05%, 03/15/2042(a)			190		146,110
Weibo Corp. 3.375%, 07/08/2030			3,992		3,042,154
3.50%, 07/05/2024			290		279,865
Wolters Kluwer NV 0.75%, 07/03/2030(a)		EUR	100		85,416
					40,937,969
Communications - Telecommunications – 1.2%
America Movil SAB de CV 2.875%, 05/07/2030		U.S.$	340		289,276
AT&T, Inc. 3.55%, 09/15/2055			320		216,134
Series B 2.875%, 03/02/2025(c)		EUR	300		287,987
Bell Telephone Co. of Canada or Bell Canada (The) 3.00%, 03/17/2031		CAD	2,381		1,516,652
5.85%, 11/10/2032			7,893		6,117,326
British Telecommunications PLC 9.625%, 12/15/2030		U.S.$	6,607		7,905,119
CK Hutchison Group Telecom Finance SA 1.125%, 10/17/2028(a)		EUR	16,235		14,400,112
Corning, Inc. 5.45%, 11/15/2079		U.S.$	80		69,359

19

	Principal Amount (000)			U.S. $ Value
Deutsche Telekom International Finance BV 2.00%, 12/01/2029(a)		EUR	246	$	237,190
8.75%, 06/15/2030		U.S.$	325		383,438
8.875%, 11/27/2028		GBP	3,702		5,336,991
Eutelsat SA 1.50%, 10/13/2028(a)		EUR	300		229,491
HKT Capital No. 4 Ltd. 3.00%, 07/14/2026(a)		U.S.$	760		698,630
Koninklijke KPN NV 0.625%, 04/09/2025(a)		EUR	500		500,813
NTT Finance Corp. 0.082%, 12/13/2025(a)			521		504,788
0.399%, 12/13/2028(a)			109		96,208
O2 Telefonica Deutschland Finanzierungs GmbH 1.75%, 07/05/2025(a)			500		507,295
Ooredoo International Finance Ltd. 2.625%, 04/08/2031(a)		U.S.$	740		634,550
Orange SA 2.375%, 01/15/2025(a) (c)		EUR	200		202,213
5.25%, 02/07/2024(a) (c)			160		172,345
PLDT, Inc. 2.50%, 01/23/2031(a)		U.S.$	870		669,519
SingTel Group Treasury Pte Ltd. 2.375%, 08/28/2029(a)			290		247,007
T-Mobile USA, Inc. 2.625%, 04/15/2026			200		183,177
TELUS Corp. 5.25%, 11/15/2032		CAD	10,367		7,618,262
Verizon Communications, Inc. 1.875%, 09/19/2030		GBP	355		341,017
4.25%, 10/31/2030		EUR	12,944		13,984,239
Vodafone Group PLC 3.00%, 08/12/2056(a)		GBP	100		73,717
4.20%, 12/13/2027(a)		AUD	320		204,641
5.125%, 06/19/2059		U.S.$	250		214,310
					63,841,806
Consumer Cyclical - Automotive – 0.5%
Aptiv PLC 1.50%, 03/10/2025		EUR	210		213,108
Aptiv PLC/Aptiv Corp. 4.15%, 05/01/2052		U.S.$	79		57,235
General Motors Co. 5.00%, 10/01/2028			265		254,772
5.00%, 04/01/2035			316		271,952
5.40%, 10/15/2029			122		116,675
5.60%, 10/15/2032			122		113,770
Harley-Davidson Financial Services, Inc. 3.05%, 02/14/2027(a)			14,185		12,676,248
3.35%, 06/08/2025(a)			335		313,881
Hella GmbH & Co. KGaA 1.00%, 05/17/2024		EUR	505		520,620
Hyundai Capital America 1.30%, 01/08/2026(a)		U.S.$	365		319,581

20

	Principal Amount (000)			U.S. $ Value
1.50%, 06/15/2026(a)		U.S.$	660	$	573,865
2.10%, 09/15/2028(a)			713		587,957
2.375%, 10/15/2027(a)			590		504,584
Hyundai Motor Manufacturing Indonesia PT 1.75%, 05/06/2026(a)			250		214,344
Kia Corp. 2.75%, 02/14/2027(a)			290		254,475
3.50%, 10/25/2027(a)			230		204,866
Lear Corp. 3.50%, 05/30/2030			802		677,545
Mercedes-Benz Finance North America LLC 5.50%, 11/27/2024(a)			256		257,488
Nissan Motor Acceptance Co. LLC 1.85%, 09/16/2026(a)			1,878		1,570,556
2.75%, 03/09/2028(a)			255		206,735
Nissan Motor Co., Ltd. 3.522%, 09/17/2025(a)			261		242,641
RCI Banque SA 1.75%, 04/10/2026(a)		EUR	521		510,018
Toyota Motor Credit Corp. 5.45%, 11/10/2027		U.S.$	165		168,900
Volkswagen Financial Services NV 0.875%, 02/20/2025(a)		GBP	100		109,200
Volkswagen International Finance NV 0.875%, 09/22/2028(a)		EUR	400		346,727
3.50%, 06/17/2025(a) (c)			5,500		5,447,857
3.875%, 06/14/2027(a) (c)			300		284,293
3.875%, 06/17/2029(a) (c)			100		88,783
4.125%, 11/16/2038(a)			100		97,248
Series 10Y 1.875%, 03/30/2027(a)			100		96,175
					27,302,099
Consumer Cyclical - Entertainment – 0.0%
CPUK Finance Ltd. 3.588%, 08/28/2025(a)		GBP	275		308,756
Consumer Cyclical - Other – 0.2%
Gohl Capital Ltd. 4.25%, 01/24/2027(a)		U.S.$	220		195,566
HOCHTIEF AG 0.625%, 04/26/2029(a)		EUR	180		143,444
Imerys SA 1.50%, 01/15/2027(a)			500		481,899
InterContinental Hotels Group PLC 1.625%, 10/08/2024(a)			403		412,560
Marriott International, Inc./MD Series AA 4.65%, 12/01/2028		U.S.$	218		209,173
MDC Holdings, Inc. 2.50%, 01/15/2031			315		226,474
6.00%, 01/15/2043			11,397		9,325,854

21

	Principal Amount (000)			U.S. $ Value
Nissan Motor Co., Ltd. 2.652%, 03/17/2026(a)		EUR	125	$	123,945
NVR, Inc. 3.00%, 05/15/2030		U.S.$	661		554,654
Owens Corning 7.00%, 12/01/2036			50		53,332
Sands China Ltd. 3.75%, 08/08/2031			1,060		837,885
					12,564,786
Consumer Cyclical - Restaurants – 0.0%
McDonald’s Corp. 4.45%, 09/01/2048			143		125,361
5.15%, 09/09/2052			120		115,829
					241,190
Consumer Cyclical - Retailers – 0.4%
Alimentation Couche-Tard, Inc. 1.875%, 05/06/2026(a)		EUR	506		500,517
3.55%, 07/26/2027(a)		U.S.$	643		592,877
AutoNation, Inc. 3.80%, 11/15/2027			5,371		4,879,973
3.85%, 03/01/2032			572		457,199
4.75%, 06/01/2030			1,223		1,094,413
CK Hutchison Europe Finance 21 Ltd. 0.75%, 11/02/2029(a)		EUR	245		204,309
CK Hutchison International 21 Ltd. 2.50%, 04/15/2031(a)		U.S.$	790		647,915
Falabella SA 3.75%, 10/30/2027(a)			261		235,601
Home Depot, Inc. (The) 3.50%, 09/15/2056			194		145,193
4.50%, 12/06/2048			370		338,826
4.95%, 09/15/2052			461		445,421
5.875%, 12/16/2036			489		523,227
Lowe’s Cos., Inc. 4.05%, 05/03/2047			360		282,659
5.00%, 04/15/2033			120		117,418
5.625%, 04/15/2053			120		115,654
5.80%, 09/15/2062			569		548,659
PVH Corp. 3.125%, 12/15/2027(a)		EUR	8,275		8,035,205
3.625%, 07/15/2024(a)			481		512,747
4.625%, 07/10/2025		U.S.$	185		178,649
VF Corp. 0.25%, 02/25/2028		EUR	100		88,383
Walmart, Inc. 4.50%, 09/09/2052		U.S.$	120		114,507
					20,059,352
Consumer Non-Cyclical – 1.2%
AbbVie, Inc. 2.625%, 11/15/2028		EUR	320		324,672
Altria Group, Inc. 3.125%, 06/15/2031		EUR	14,933		13,197,272

22

	Principal Amount (000)			U.S. $ Value
3.875%, 09/16/2046		U.S.$	160	$	106,793
4.00%, 02/04/2061			621		404,733
4.80%, 02/14/2029			135		129,438
5.80%, 02/14/2039			130		119,226
American Medical Systems Europe BV 1.375%, 03/08/2028		EUR	180		169,785
AmerisourceBergen Corp. 2.70%, 03/15/2031		U.S.$	381		316,070
2.80%, 05/15/2030			245		207,772
4.30%, 12/15/2047			146		121,300
Amgen, Inc. 3.35%, 02/22/2032			58		50,611
4.20%, 02/22/2052			220		176,630
4.40%, 05/01/2045			225		187,964
4.40%, 02/22/2062			195		156,433
4.663%, 06/15/2051			213		184,316
4.875%, 03/01/2053			720		641,151
Anheuser-Busch InBev SA/NV 2.75%, 03/17/2036(a)		EUR	100		92,189
9.75%, 07/30/2024(a)		GBP	335		435,261
Archer-Daniels-Midland Co. 2.50%, 08/11/2026		U.S.$	636		590,180
3.25%, 03/27/2030			627		563,777
4.535%, 03/26/2042			91		82,810
5.935%, 10/01/2032			190		203,261
Asahi Group Holdings Ltd. 0.336%, 04/19/2027(a)		EUR	535		490,917
0.541%, 10/23/2028(a)			109		95,650
Ascension Health Series B 2.532%, 11/15/2029		U.S.$	656		562,009
Astrazeneca Finance LLC 1.20%, 05/28/2026			616		548,848
AstraZeneca PLC 0.70%, 04/08/2026			667		586,387
BAT Capital Corp. 3.215%, 09/06/2026			616		569,002
4.54%, 08/15/2047			70		49,757
7.75%, 10/19/2032			115		123,744
BAT International Finance PLC 2.25%, 09/09/2052(a)		GBP	110		55,110
4.448%, 03/16/2028		U.S.$	852		788,158
Baxter International, Inc. 1.30%, 05/15/2029		EUR	521		467,261
Bayer AG 0.375%, 01/12/2029(a)			600		518,941
Becton Dickinson Euro Finance SARL 0.334%, 08/13/2028			370		325,950
Biogen, Inc. 3.25%, 02/15/2051		U.S.$	85		56,955
4.05%, 09/15/2025			539		523,377
Boston Scientific Corp. 0.625%, 12/01/2027		EUR	310		284,903
Bristol-Myers Squibb Co. 1.125%, 11/13/2027		U.S.$	703		600,935
3.90%, 03/15/2062			570		445,134

23

	Principal Amount (000)			U.S. $ Value
British American Tobacco PLC Series 5.25 3.00%, 09/27/2026(a) (c)		EUR	10,456	$	8,663,756
Bunge Ltd. Finance Corp. 2.75%, 05/14/2031		U.S.$	717		588,574
Cardinal Health, Inc. 4.90%, 09/15/2045			250		212,940
Cargill, Inc. 4.375%, 04/22/2052(a)			311		270,591
4.875%, 10/10/2025(a)			370		368,566
5.125%, 10/11/2032(a)			66		66,182
Cencosud SA 4.375%, 07/17/2027(a)			230		217,753
Cia Cervecerias Unidas SA 3.35%, 01/19/2032(a)			200		167,663
Cigna Corp. 3.40%, 03/01/2027			597		560,248
3.40%, 03/15/2050			375		266,082
4.80%, 08/15/2038			574		534,896
4.80%, 07/15/2046			193		173,511
4.90%, 12/15/2048			133		120,735
Coca-Cola Co. (The) 0.125%, 03/09/2029		EUR	180		158,008
1.45%, 06/01/2027		U.S.$	505		446,007
CommonSpirit Health 3.347%, 10/01/2029			651		564,110
CVS Health Corp. 4.25%, 04/01/2050			205		164,598
4.78%, 03/25/2038			295		270,300
DH Europe Finance II Sarl 2.60%, 11/15/2029			345		301,469
Diageo Capital BV 1.50%, 06/08/2029(a)		EUR	126		119,620
Diageo Finance PLC 0.125%, 10/12/2023(a)			136		142,798
1.875%, 03/27/2027(a)			235		236,203
Essity AB 0.25%, 02/08/2031(a)			588		459,196
Fresenius Medical Care US Finance III, Inc. 3.75%, 06/15/2029(a)		U.S.$	190		160,630
GE Healthcare Holding LLC 5.55%, 11/15/2024(a)			375		376,203
General Mills, Inc. 0.45%, 01/15/2026		EUR	519		505,510
Gilead Sciences, Inc. 2.80%, 10/01/2050		U.S.$	145		93,838
4.80%, 04/01/2044			280		258,290
HCA, Inc. 5.50%, 06/15/2047			366		325,586
Hormel Foods Corp. 1.80%, 06/11/2030			266		216,895
Imperial Brands Finance Netherlands BV 1.75%, 03/18/2033(a)		EUR	4,161		3,113,300

24

	Principal Amount (000)			U.S. $ Value
Indofood CBP Sukses Makmur Tbk PT 3.398%, 06/09/2031(a)		U.S.$	490	$	403,691
Ingredion, Inc. 2.90%, 06/01/2030			361		305,812
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. 5.50%, 01/15/2030(a)			469		446,241
Johnson & Johnson 5.85%, 07/15/2038			187		207,609
JT International Financial Services BV 6.875%, 10/24/2032(a)			563		596,510
Kellogg Co. 1.25%, 03/10/2025		EUR	500		510,967
Keurig Dr Pepper, Inc. 4.05%, 04/15/2032		U.S.$	127		115,561
4.50%, 04/15/2052			634		531,267
McKesson Corp. 1.50%, 11/17/2025		EUR	226		227,093
3.125%, 02/17/2029		GBP	205		216,693
Medtronic Global Holdings SCA 3.00%, 10/15/2028		EUR	345		356,472
Merck & Co., Inc. 1.90%, 12/10/2028		U.S.$	653		561,986
2.90%, 12/10/2061			562		362,197
3.90%, 03/07/2039			543		477,041
4.00%, 03/07/2049			170		145,677
Molson Coors Beverage Co. 1.25%, 07/15/2024		EUR	500		516,819
Mondelez International Holdings Netherlands BV 0.75%, 09/24/2024(a)		U.S.$	270		249,843
Mondelez International, Inc. 2.625%, 03/17/2027			131		118,968
Nestle Holdings, Inc. 0.606%, 09/14/2024(a)			161		150,079
1.25%, 09/15/2030(a)			643		502,094
4.125%, 10/01/2027(a)			150		146,536
4.25%, 10/01/2029(a)			150		146,421
4.70%, 01/15/2053(a)			150		141,716
Newell Brands, Inc. 6.375%, 09/15/2027			130		129,072
Panasonic Holdings Corp. 2.679%, 07/19/2024(a)			599		573,682
PepsiCo, Inc. 2.625%, 07/29/2029			649		573,151
3.00%, 10/15/2027			595		558,700
3.20%, 07/22/2029		GBP	100		111,306
3.90%, 07/18/2032		U.S.$	265		250,592
Pfizer, Inc. 7.20%, 03/15/2039			488		591,907
Philip Morris International, Inc. 2.10%, 05/01/2030			709		574,053
5.00%, 11/17/2025			255		256,304
5.125%, 11/15/2024			578		578,492
5.625%, 11/17/2029			32		32,590

25

	Principal Amount (000)			U.S. $ Value
Pilgrim’s Pride Corp. 3.50%, 03/01/2032(a)		U.S.$	105	$	82,074
5.875%, 09/30/2027(a)			95		93,094
Reynolds American, Inc. 5.85%, 08/15/2045			352		300,506
Roche Holdings, Inc. 2.314%, 03/10/2027(a)			617		561,992
2.375%, 01/28/2027(a)			613		561,023
Sigma Finance Netherlands BV 4.875%, 03/27/2028(a)			350		331,691
Smithfield Foods, Inc. 2.625%, 09/13/2031(a)			315		226,166
Stryker Corp. 2.625%, 11/30/2030		EUR	270		261,717
Sysco Corp. 3.15%, 12/14/2051		U.S.$	210		139,389
6.60%, 04/01/2050			117		127,448
Takeda Pharmaceutical Co., Ltd. 3.175%, 07/09/2050			250		171,178
Thermo Fisher Scientific, Inc. 3.20%, 01/21/2026		EUR	169		179,304
Viterra Finance BV 4.90%, 04/21/2027(a)		U.S.$	625		589,600
5.25%, 04/21/2032(a)			200		175,093
Wyeth LLC 5.95%, 04/01/2037			673		727,336
Zoetis, Inc. 5.40%, 11/14/2025			167		170,350
					62,043,843
Energy – 3.1%
APA Infrastructure Ltd. 2.00%, 03/22/2027(a)		EUR	502		490,270
4.25%, 07/15/2027(a)		U.S.$	393		366,745
Apache Corp. 5.10%, 09/01/2040			180		149,482
BG Energy Capital PLC 5.125%, 12/01/2025(a)		GBP	365		444,083
Boardwalk Pipelines LP 3.40%, 02/15/2031		U.S.$	150		125,579
BP Capital Markets America, Inc. 2.772%, 11/10/2050			330		210,844
3.017%, 01/16/2027			602		561,278
BP Capital Markets PLC 3.25%, 03/22/2026(a) (c)		EUR	1,179		1,159,253
3.625%, 03/22/2029(a) (c)			12,390		11,387,371
Canadian Natural Resources Ltd. 3.85%, 06/01/2027		U.S.$	140		132,137
Chevron Corp. 1.995%, 05/11/2027			630		566,170
ConocoPhillips Co. 4.025%, 03/15/2062			345		275,389
6.95%, 04/15/2029			269		297,438
Contemporary Ruiding Development Ltd. 2.625%, 09/17/2030(a)			800		627,864

26

	Principal Amount (000)			U.S. $ Value
Continental Resources, Inc./OK 2.875%, 04/01/2032(a)		U.S.$	9,526	$	7,073,156
4.375%, 01/15/2028			554		504,589
4.90%, 06/01/2044			100		73,734
5.75%, 01/15/2031(a)			6,979		6,502,759
COSL Singapore Capital Ltd. 1.875%, 06/24/2025(a)			200		183,782
DCP Midstream Operating LP 5.375%, 07/15/2025			88		87,171
Devon Energy Corp. 5.60%, 07/15/2041			10,651		9,950,969
Diamondback Energy, Inc. 4.25%, 03/15/2052			138		102,410
6.25%, 03/15/2033			227		230,541
6.25%, 03/15/2053			119		115,574
Ecopetrol SA 5.875%, 11/02/2051			4,101		2,757,922
6.875%, 04/29/2030			1,505		1,362,025
El Paso Natural Gas Co. LLC 3.50%, 02/15/2032(a)			63		52,859
Enbridge Energy Partners LP 7.375%, 10/15/2045			8,964		10,027,465
Enbridge Pipelines, Inc. 2.82%, 05/12/2031		CAD	4,087		2,531,527
Enbridge, Inc. 6.10%, 11/09/2032			3,461		2,689,446
Energy Transfer LP 4.40%, 03/15/2027		U.S.$	235		223,544
6.05%, 06/01/2041			85		80,469
6.125%, 12/15/2045			205		190,098
6.50%, 02/01/2042			384		379,398
Eni SpA 0.375%, 06/14/2028(a)		EUR	135		119,109
Series NC5. 2.625%, 10/13/2025(a) (c)			170		164,516
Series NC9 3.375%, 07/13/2029(a) (c)			12,030		10,680,578
Enterprise Products Operating LLC 3.70%, 01/31/2051		U.S.$	345		250,914
4.85%, 03/15/2044			130		114,170
EQT Corp. 5.70%, 04/01/2028			2,688		2,673,013
Exxon Mobil Corp. 2.275%, 08/16/2026			618		572,172
3.043%, 03/01/2026			584		557,557
4.227%, 03/19/2040			215		193,512
Halliburton Co. 6.70%, 09/15/2038			303		321,535
7.45%, 09/15/2039			459		519,006
Hess Corp. 4.30%, 04/01/2027			230		220,118
Kinder Morgan Energy Partners LP 5.00%, 03/01/2043			175		149,816
Kinder Morgan, Inc. 5.45%, 08/01/2052			123		111,086
7.75%, 01/15/2032			70		78,750

27

	Principal Amount (000)			U.S. $ Value
Marathon Oil Corp. 4.40%, 07/15/2027		U.S.$	1,953	$	1,864,972
6.60%, 10/01/2037			190		189,326
6.80%, 03/15/2032			277		285,185
Marathon Petroleum Corp. 6.50%, 03/01/2041			3,097		3,195,432
Midwest Connector Capital Co. LLC 3.90%, 04/01/2024(a)			364		352,394
4.625%, 04/01/2029(a)			288		259,853
MOL Hungarian Oil & Gas PLC 1.50%, 10/08/2027(a)		EUR	539		473,117
2.625%, 04/28/2023(a)			100		106,496
MPLX LP 4.875%, 06/01/2025		U.S.$	95		93,905
4.95%, 09/01/2032			123		115,344
4.95%, 03/14/2052			516		423,722
5.50%, 02/15/2049			287		253,870
Oil India International Pte Ltd. 4.00%, 04/21/2027(a)			470		437,041
OMV AG 6.25%, 12/09/2025(a) (c)		EUR	217		239,573
ONEOK Partners LP 6.125%, 02/01/2041		U.S.$	536		508,732
ONEOK, Inc. 3.40%, 09/01/2029			390		337,178
5.20%, 07/15/2048			588		492,706
6.10%, 11/15/2032			1,082		1,085,935
6.35%, 01/15/2031			9,379		9,557,862
Plains All American Pipeline LP/PAA Finance Corp. 3.55%, 12/15/2029			9,014		7,833,970
3.60%, 11/01/2024			335		324,408
PTTEP Treasury Center Co., Ltd. 2.993%, 01/15/2030(a)			300		256,838
Raizen Fuels Finance SA 5.30%, 01/20/2027(a)			290		280,992
Ras Laffan Liquefied Natural Gas Co., Ltd. III 5.838%, 09/30/2027(a)			391		392,159
Reliance Industries Ltd. 2.875%, 01/12/2032(a)			250		204,145
3.625%, 01/12/2052(a)			300		196,761
SA Global Sukuk Ltd. 1.602%, 06/17/2026(a)			1,000		890,813
Saudi Arabian Oil Co. 2.25%, 11/24/2030(a)			1,100		899,112
2.875%, 04/16/2024(a)			483		467,694
3.25%, 11/24/2050(a)			410		288,025
Schlumberger Finance BV 0.50%, 10/15/2031(a)		EUR	568		459,152
Shell International Finance BV 4.375%, 05/11/2045		U.S.$	210		184,461
4.55%, 08/12/2043			560		506,598
6.375%, 12/15/2038			441		486,875
Suncor Energy, Inc. 6.50%, 06/15/2038			4,255		4,375,368

28

	Principal Amount (000)			U.S. $ Value
6.80%, 05/15/2038		U.S.$	204	$	214,117
6.85%, 06/01/2039			3,654		3,844,869
7.15%, 02/01/2032			75		80,508
Sweihan PV Power Co. PJSC 3.625%, 01/31/2049(a)			487		388,517
Targa Resources Corp. 6.25%, 07/01/2052			722		686,745
Tengizchevroil Finance Co. International Ltd. 3.25%, 08/15/2030(a)			750		531,938
Tennessee Gas Pipeline Co. LLC 2.90%, 03/01/2030(a)			250		209,571
7.00%, 10/15/2028			120		128,098
Thaioil Treasury Center Co., Ltd. 2.50%, 06/18/2030(a)			530		409,524
TotalEnergies Capital Canada Ltd. 2.125%, 09/18/2029(a)		EUR	500		488,158
TotalEnergies Capital International SA 2.50%, 03/25/2026(a)			100		104,594
3.386%, 06/29/2060		U.S.$	76		53,413
TotalEnergies SE 2.00%, 01/17/2027(a) (c)		EUR	11,880		10,852,826
Series NC7 1.625%, 10/25/2027(a) (c)			3,313		2,876,356
TransCanada PipeLines Ltd. 5.33%, 05/12/2032		CAD	10,257		7,547,346
Transportadora de Gas Internacional SA ESP 5.55%, 11/01/2028(a)		U.S.$	850		781,628
Valero Energy Corp. 4.00%, 06/01/2052			46		34,705
7.50%, 04/15/2032			495		556,979
Var Energi ASA 5.00%, 05/18/2027(a)			269		253,351
7.50%, 01/15/2028(a)			6,537		6,646,678
8.00%, 11/15/2032(a)			5,514		5,677,295
Vier Gas Transport GmbH Series DIP 1.50%, 09/25/2028(a)		EUR	500		459,630
Williams Cos., Inc. (The) 5.30%, 08/15/2052		U.S.$	123		110,802
Wintershall Dea Finance BV 0.452%, 09/25/2023(a)		EUR	500		521,942
Woodside Finance Ltd. 3.70%, 09/15/2026(a)		U.S.$	628		586,717
4.50%, 03/04/2029(a)			531		498,389
					161,503,903
Other Industrial – 0.1%
Alfa Desarrollo SpA 4.55%, 09/27/2051(a)			508		386,187
CITIC Ltd. Series E 2.85%, 02/25/2030(a)			250		210,940

29

	Principal Amount (000)			U.S. $ Value
Ferguson Finance PLC 4.25%, 04/20/2027(a)		U.S.$	624	$	590,048
4.65%, 04/20/2032(a)			624		569,292
Massachusetts Institute of Technology 5.60%, 07/01/2111			245		255,860
Swire Pacific Mtn Financing HK Ltd. 2.875%, 01/30/2030(a)			340		288,957
Technip Energies NV 1.125%, 05/28/2028(a)		EUR	565		489,648
Worley US Finance Sub Ltd. 0.875%, 06/09/2026(a)			531		494,047
WW Grainger, Inc. 4.60%, 06/15/2045		U.S.$	364		330,910
					3,615,889
Services – 0.6%
Alibaba Group Holding Ltd. 2.125%, 02/09/2031			630		496,919
Amazon.com, Inc. 4.10%, 04/13/2062			126		104,145
4.25%, 08/22/2057			360		312,224
4.55%, 12/01/2027			435		433,738
Automatic Data Processing, Inc. 1.70%, 05/15/2028			647		561,711
Booking Holdings, Inc. 3.60%, 06/01/2026			581		556,687
4.50%, 11/15/2031		EUR	6,154		6,647,122
Chicago Parking Meters LLC 4.93%, 12/30/2025(e)		U.S.$	16,500		15,997,136
Edenred 1.375%, 06/18/2029(a)		EUR	500		460,518
Global Payments, Inc. 5.30%, 08/15/2029		U.S.$	60		58,234
5.40%, 08/15/2032			102		97,245
5.95%, 08/15/2052			123		111,771
ISS Global A/S 0.875%, 06/18/2026(a)		EUR	106		100,411
1.50%, 08/31/2027(a)			527		490,356
JD.com, Inc. 3.875%, 04/29/2026		U.S.$	320		304,442
Mastercard, Inc. 1.00%, 02/22/2029		EUR	295		273,151
2.95%, 06/01/2029		U.S.$	567		511,911
3.85%, 03/26/2050			400		335,445
PayPal Holdings, Inc. 5.05%, 06/01/2052			606		553,074
Rentokil Initial PLC 0.50%, 10/14/2028(a)		EUR	557		486,298
Securitas AB 0.25%, 02/22/2028(a)			570		472,960
SGS Nederland Holding BV 0.125%, 04/21/2027(a)			500		463,397
Verisk Analytics, Inc. 4.125%, 03/15/2029		U.S.$	230		214,574
Visa, Inc. 3.15%, 12/14/2025			593		571,927
					30,615,396

30

	Principal Amount (000)			U.S. $ Value
Technology – 2.0%
Apple, Inc. 1.40%, 08/05/2028		U.S.$	665	$	563,475
2.00%, 09/17/2027		EUR	240		243,951
2.45%, 08/04/2026		U.S.$	495		459,629
2.80%, 02/08/2061			418		268,210
2.85%, 08/05/2061			257		167,483
3.25%, 08/08/2029			124		114,876
3.95%, 08/08/2052			124		105,887
4.10%, 08/08/2062			224		189,113
4.45%, 05/06/2044			260		246,574
Avnet, Inc. 5.50%, 06/01/2032			609		561,029
Axiata SPV2 Bhd 2.163%, 08/19/2030(a)			610		484,492
Baidu, Inc. 2.375%, 08/23/2031			630		487,683
Broadcom, Inc. 4.15%, 04/15/2032(a)			94		82,627
4.926%, 05/15/2037(a)			135		117,994
Cisco Systems, Inc. 5.50%, 01/15/2040			328		342,108
5.90%, 02/15/2039			312		336,792
Dell International LLC/EMC Corp. 4.90%, 10/01/2026			360		354,649
8.35%, 07/15/2046			2,243		2,573,028
DXC Capital Funding DAC 0.45%, 09/15/2027(a)		EUR	457		402,904
DXC Technology Co. 1.75%, 01/15/2026			101		99,709
Entegris Escrow Corp. 4.75%, 04/15/2029(a)		U.S.$	9,256		8,465,871
Fidelity National Information Services, Inc. 0.625%, 12/03/2025		EUR	903		879,671
1.00%, 12/03/2028			791		703,036
2.25%, 12/03/2029		GBP	250		246,300
4.50%, 07/15/2025		U.S.$	603		591,854
5.625%, 07/15/2052			95		87,964
Fiserv, Inc. 1.625%, 07/01/2030		EUR	15,225		13,445,061
2.25%, 07/01/2025		GBP	250		281,728
Flex Ltd. 6.00%, 01/15/2028		U.S.$	591		590,054
Honeywell International, Inc. 4.125%, 11/02/2034		EUR	16,949		17,760,486
HP, Inc. 2.65%, 06/17/2031		U.S.$	64		49,884
3.00%, 06/17/2027			25		22,835
4.20%, 04/15/2032			345		296,328
4.75%, 01/15/2028			75		72,846
5.50%, 01/15/2033			11,648		10,956,456
6.00%, 09/15/2041			492		471,657

31

	Principal Amount (000)			U.S. $ Value
Intel Corp. 3.25%, 11/15/2049		U.S.$	150	$	102,167
3.75%, 08/05/2027			598		574,996
4.00%, 08/05/2029			124		118,248
4.15%, 08/05/2032			124		115,952
4.75%, 03/25/2050			470		409,833
4.90%, 08/05/2052			124		110,164
4.95%, 03/25/2060			472		421,484
5.05%, 08/05/2062			8,442		7,449,130
International Business Machines Corp. 3.30%, 05/15/2026			700		666,295
3.43%, 02/09/2052			135		95,295
3.50%, 05/15/2029			100		91,880
4.00%, 06/20/2042			150		124,484
4.25%, 05/15/2049			100		82,997
4.40%, 07/27/2032			120		114,318
4.90%, 07/27/2052			284		259,681
KLA Corp. 4.95%, 07/15/2052			354		332,240
Kyndryl Holdings, Inc. 2.05%, 10/15/2026			10,101		8,351,619
Lam Research Corp. 4.00%, 03/15/2029			225		214,139
Lenovo Group Ltd. 3.421%, 11/02/2030(a)			250		196,687
Micron Technology, Inc. 6.75%, 11/01/2029			80		81,401
Microsoft Corp. 2.675%, 06/01/2060			150		96,939
3.041%, 03/17/2062			200		139,312
4.50%, 02/06/2057			126		119,833
Motorola Solutions, Inc. 5.60%, 06/01/2032			583		568,833
NXP BV/NXP Funding LLC 5.35%, 03/01/2026			445		443,609
Oracle Corp. 3.65%, 03/25/2041			676		499,772
4.00%, 07/15/2046			160		117,503
4.10%, 03/25/2061			551		384,745
5.375%, 07/15/2040			377		346,135
QUALCOMM, Inc. 6.00%, 05/20/2053			7,560		8,076,594
SK Hynix, Inc. 2.375%, 01/19/2031(a)			460		337,324
Skyworks Solutions, Inc. 3.00%, 06/01/2031			355		278,077
Take-Two Interactive Software, Inc. 3.30%, 03/28/2024			219		213,736
Texas Instruments, Inc. 2.25%, 09/04/2029			661		571,528
4.10%, 08/16/2052			183		163,545
4.70%, 11/18/2024			220		219,658
TSMC Arizona Corp. 3.875%, 04/22/2027			360		344,092
4.125%, 04/22/2029			230		218,905
4.25%, 04/22/2032			380		366,058
4.50%, 04/22/2052			230		205,275
TSMC Global Ltd. 1.375%, 09/28/2030(a)			540		411,977
2.25%, 04/23/2031(a)			410		331,038

32

	Principal Amount (000)			U.S. $ Value
Tyco Electronics Group SA Zero Coupon, 02/16/2029		EUR	135	$	112,646
Western Digital Corp. 2.85%, 02/01/2029		U.S.$	3,007		2,325,610
3.10%, 02/01/2032			6,522		4,689,850
4.75%, 02/15/2026			561		527,761
Wipro IT Services LLC 1.50%, 06/23/2026(a)			250		219,266
Xiaomi Best Time International Ltd. 2.875%, 07/14/2031(a)			460		327,175
					105,694,050
Transportation - Airlines – 0.0%
Alaska Airlines Pass Through Trust Series 2020-1, Class A 4.80%, 08/15/2027(a)			568		536,213
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.50%, 10/20/2025(a)			380		370,603
easyJet FinCo BV 1.875%, 03/03/2028(a)		EUR	226		195,737
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.50%, 06/20/2027(a)		U.S.$	338		336,289
					1,438,842
Transportation - Railroads – 0.1%
Burlington Northern Santa Fe LLC 4.45%, 01/15/2053			124		110,714
Canadian National Railway Co. 3.60%, 08/01/2047		CAD	355		213,534
4.40%, 08/05/2052		U.S.$	124		110,848
Canadian Pacific Railway Co. 6.125%, 09/15/2115			235		236,392
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(a)			445		394,679
5.875%, 07/05/2034(a)			752		728,635
MTR Corp. Ltd. 1.625%, 08/19/2030(a)			260		205,855
Union Pacific Corp. 3.85%, 02/14/2072			133		99,021
5.15%, 01/20/2063			598		580,274
					2,679,952
Transportation - Services – 0.4%
Adani Ports & Special Economic Zone Ltd. 3.10%, 02/02/2031(a)			360		262,755
Ashtead Capital, Inc. 5.50%, 08/11/2032(a)			229		219,472
ENA Master Trust 4.00%, 05/19/2048(a)			1,716		1,150,792
FedEx Corp. 0.45%, 05/04/2029		EUR	12,816		10,861,291

33

	Principal Amount (000)			U.S. $ Value
Heathrow Funding Ltd. 1.50%, 02/11/2030(a)		EUR	536	$	466,507
2.625%, 03/16/2028(a)		GBP	295		286,766
6.45%, 12/10/2031(a)			3,638		4,525,685
Holding d’Infrastructures de Transport SASU 1.475%, 01/18/2031(a)		EUR	200		166,846
HPHT Finance 21 Ltd. 2.00%, 03/19/2026(a)		U.S.$	250		224,528
Penske Truck Leasing Co. LP / PTL Finance Corp. 5.875%, 11/15/2027(a)			116		116,871
Ryder System, Inc. 1.75%, 09/01/2026			139		122,643
Shanghai Port Group BVI Development 2 Co., Ltd. 1.50%, 07/13/2025(a)			500		454,275
Sydney Airport Finance Co. Pty Ltd. 3.625%, 04/28/2026(a)			365		341,930
Transurban Finance Co. Pty Ltd. 2.45%, 03/16/2031(a)			715		562,019
					19,762,380
					571,889,260
Utility – 1.9%
Electric – 1.7%
Abu Dhabi National Energy Co. PJSC 4.875%, 04/23/2030(a)			420		431,629
Adani Electricity Mumbai Ltd. 3.867%, 07/22/2031(a)			710		505,002
Adani Transmission Step-One Ltd. 4.00%, 08/03/2026(a)			8,086		7,188,939
AEP Texas, Inc. 5.25%, 05/15/2052			121		116,370
AES Corp. (The) 3.30%, 07/15/2025(a)			23		21,759
AES Panama Generation Holdings SRL 4.375%, 05/31/2030(a)			2,885		2,487,952
AusNet Services Holdings Pty Ltd. 1.50%, 02/26/2027(a)		EUR	507		488,253
Avangrid, Inc. 3.20%, 04/15/2025		U.S.$	99		94,638
3.80%, 06/01/2029			637		578,710
Cadent Finance PLC 0.625%, 03/19/2030(a)		EUR	2,350		1,971,634
Chile Electricity PEC SpA Zero Coupon, 01/25/2028(f)		U.S.$	206		147,329
Cometa Energia SA de CV 6.375%, 04/24/2035(a)			651		616,434
Commonwealth Edison Co. 5.90%, 03/15/2036			150		156,826
Series 133 3.85%, 03/15/2052			229		183,383

34

	Principal Amount (000)			U.S. $ Value
Consolidated Edison Co. of New York, Inc. 4.50%, 05/15/2058	U.S.$		3,822	$	3,196,944
Series 06-A 5.85%, 03/15/2036			115		116,191
Consorcio Transmantaro SA 5.20%, 04/11/2038(a)			460		417,536
Duke Energy Indiana LLC Series YYY 3.25%, 10/01/2049			300		209,220
Duke Energy Ohio, Inc. 4.30%, 02/01/2049			130		107,127
Duke Energy Progress LLC 4.00%, 04/01/2052			43		34,650
E.ON International Finance BV 5.75%, 02/14/2033(a)		EUR	373		442,320
6.25%, 06/03/2030(a)		GBP	7,050		8,873,300
Series DIP 1.00%, 04/13/2025(a)		EUR	91		92,425
EDP Finance BV 3.625%, 07/15/2024(a)		U.S.$	273		263,423
Electricite de France SA 2.875%, 12/15/2026(a) (c)		EUR	8,400		7,354,682
5.25%, 01/29/2023(a) (c)		U.S.$	485		485,000
5.875%, 07/18/2031		GBP	3,890		4,695,960
Elia Transmission Belgium SA 0.875%, 04/28/2030(a)		EUR	500		429,530
Emirates Semb Corp. Water & Power Co. PJSC 4.45%, 08/01/2035(a)		U.S.$	220		205,838
Enel Chile SA 4.875%, 06/12/2028			270		262,035
Enel Finance International NV 0.375%, 05/28/2029(a)		EUR	360		305,654
4.625%, 06/15/2027(a)		U.S.$	537		508,829
4.875%, 06/14/2029(a)			229		212,476
5.00%, 06/15/2032(a)			200		179,902
6.00%, 10/07/2039(a)			115		107,178
7.50%, 10/14/2032(a)			6,524		6,943,625
7.75%, 10/14/2052(a)			200		215,509
Engie Energia Chile SA 3.40%, 01/28/2030(a)			670		544,082
Entergy Arkansas LLC 3.35%, 06/15/2052			4,412		3,091,827
Entergy Louisiana LLC 4.75%, 09/15/2052			123		110,921
Entergy Texas, Inc. 5.00%, 09/15/2052			610		560,232
Exelon Generation Co. LLC 5.75%, 10/01/2041			170		163,612
Florida Power & Light Co. 4.05%, 06/01/2042			435		374,766
4.125%, 06/01/2048			125		106,391
Georgia Power Co. Series B 3.70%, 01/30/2050			290		216,869

35

	Principal Amount (000)			U.S. $ Value
Iberdrola International BV Series NC5 1.874%, 01/28/2026(a) (c)		EUR	300	$	285,484
Series NC6 1.45%, 11/09/2026(a) (c)			11,700		10,618,225
Infraestructura Energetica Nova SAPI de CV 4.75%, 01/15/2051(a)		U.S.$	480		362,490
Israel Electric Corp. Ltd. Series G 3.75%, 02/22/2032(a)			290		252,445
4.25%, 08/14/2028(a)			450		421,678
LLPL Capital Pte Ltd. 6.875%, 02/04/2039(a)			410		352,201
Minejesa Capital BV 4.625%, 08/10/2030(a)			730		635,180
National Central Cooling Co. PJSC 2.50%, 10/21/2027(a)			730		642,993
National Grid Electricity Distribution West Midlands PLC 5.75%, 04/16/2032(a)		GBP	1,500		1,834,864
National Grid Electricity Transmission PLC 1.125%, 07/07/2028(a)			2,148		2,071,508
National Grid PLC 0.553%, 09/18/2029(a)		EUR	554		467,221
Nevada Power Co. Series GG 5.90%, 05/01/2053		U.S.$	538		576,219
Niagara Mohawk Power Corp. 4.278%, 12/15/2028(a)			230		212,261
5.783%, 09/16/2052(a)			335		335,139
NSTAR Electric Co. 4.55%, 06/01/2052			122		111,377
4.95%, 09/15/2052			596		578,606
NTPC Ltd. 4.25%, 02/26/2026(a)			370		356,079
Oncor Electric Delivery Co. LLC 4.95%, 09/15/2052(a)			598		581,653
Origin Energy Finance Ltd. 1.00%, 09/17/2029(a)		EUR	452		377,873
Orsted AS 4.875%, 01/12/2032(a)		GBP	7,470		8,840,075
Pacific Gas and Electric Co. 4.40%, 03/01/2032		U.S.$	131		114,612
4.95%, 07/01/2050			272		213,100
5.25%, 03/01/2052			131		107,491
5.45%, 06/15/2027			242		239,625
PacifiCorp 4.15%, 02/15/2050			390		322,118
6.35%, 07/15/2038			110		118,410
PECO Energy Co. 2.85%, 09/15/2051			155		102,867

36

	Principal Amount (000)			U.S. $ Value
Public Service Co. of Colorado Series 38 4.10%, 06/01/2032		U.S.$	121	$	113,581
Public Service Electric and Gas Co. 3.80%, 03/01/2046			410		327,195
RH International Singapore Corp. Pte Ltd. 4.50%, 03/27/2028(a)			470		440,273
San Diego Gas & Electric Co. Series UUU 3.32%, 04/15/2050			360		258,662
Series WWW 2.95%, 08/15/2051			231		157,032
Sociedad de Transmision Austral SA 4.00%, 01/27/2032(a)			390		335,351
Southern California Edison Co. 5.85%, 11/01/2027			113		116,678
Series C 4.20%, 06/01/2025			602		589,937
Series E 5.45%, 06/01/2052			120		115,184
Southern Power Co. Series F 4.95%, 12/15/2046			345		293,992
Southwestern Public Service Co. Series 9 5.15%, 06/01/2052			122		112,691
SSE PLC 2.875%, 08/01/2029(a)		EUR	233		232,278
Tampa Electric Co. 5.00%, 07/15/2052		U.S.$	120		110,617
TenneT Holding BV 2.374%, 07/22/2025(a) (c)		EUR	125		123,125
TNB Global Ventures Capital Bhd 4.851%, 11/01/2028(a)		U.S.$	430		412,881
Union Electric Co. 3.90%, 04/01/2052			129		104,712
Virginia Electric and Power Co. Series C 4.625%, 05/15/2052			121		106,480
Wisconsin Electric Power Co. 4.75%, 09/30/2032			175		171,955
					91,071,330
Natural Gas – 0.0%
Atmos Energy Corp. 2.625%, 09/15/2029			345		299,639
5.45%, 10/15/2032			32		33,190
5.75%, 10/15/2052			114		119,833
Centrica PLC 4.375%, 03/13/2029(a)		GBP	120		133,786
ENN Energy Holdings Ltd. 2.625%, 09/17/2030(a)		U.S.$	290		232,417
KeySpan Gas East Corp. 3.586%, 01/18/2052(a)			137		90,865
National Grid North America, Inc. 1.054%, 01/20/2031(a)		EUR	109		90,166

37

	Principal Amount (000)			U.S. $ Value
NiSource, Inc. 5.00%, 06/15/2052		U.S.$	122	$	111,309
5.65%, 02/01/2045			230		225,202
Southwest Gas Corp. 4.05%, 03/15/2032			128		112,246
5.80%, 12/01/2027			117		119,133
					1,567,786
Other Utility – 0.2%
Thames Water Utilities Finance PLC 6.75%, 11/16/2028		GBP	6,730		8,573,976
					101,213,092
Total Corporates - Investment Grade (cost $1,479,395,015)					1,307,290,712
INFLATION-LINKED SECURITIES – 5.1%
United States – 5.1%
U.S. Treasury Inflation Index 0.125%, 07/15/2024 (TIPS)		U.S.$	176,885		171,219,329
0.125%, 10/15/2026 (TIPS)			102,183		95,789,343
Total Inflation-Linked Securities (cost $277,144,975)					267,008,672
MORTGAGE PASS-THROUGHS – 4.0%
Agency Fixed Rate 30-Year – 4.0%
Federal Home Loan Mortgage Corp. Series 2019 3.50%, 09/01/2049			12,797		11,872,492
Series 2020 2.50%, 07/01/2050			13,650		11,795,999
3.50%, 01/01/2050			10,022		9,313,352
Federal Home Loan Mortgage Corp. Gold Series 2019 4.50%, 02/01/2049			6,881		6,795,873
Federal National Mortgage Association Series 2005 5.50%, 02/01/2035			7		6,965
Series 2007 5.50%, 09/01/2036			5		4,743
5.50%, 08/01/2037			5		5,205
Series 2008 5.50%, 03/01/2037			2		2,126
5.50%, 05/01/2038			894		922,693
Series 2012 3.50%, 02/01/2042			1,688		1,579,413
3.50%, 11/01/2042			17,774		16,631,143
3.50%, 01/01/2043			2,982		2,793,121
Series 2013 3.50%, 04/01/2043			10,209		9,562,791
Series 2017 3.50%, 06/01/2047			12		11,437
3.50%, 08/01/2047			20		18,807
3.50%, 10/01/2047			152		141,186
3.50%, 01/01/2048			8		7,005
Series 2018 3.50%, 01/01/2048			411		380,391

38

	Principal Amount (000)			U.S. $ Value
3.50%, 02/01/2048		U.S.$	175	$	162,361
3.50%, 03/01/2048			11,260		10,473,387
3.50%, 05/01/2048			287		265,677
4.50%, 09/01/2048			9,016		8,870,384
4.50%, 12/01/2048			5,566		5,492,365
Series 2020 2.50%, 07/01/2050			30,045		26,039,267
3.50%, 01/01/2050			15,595		14,463,144
Government National Mortgage Association 4.50%, 01/01/2053, TBA			40,927		39,712,344
Uniform Mortgage-Backed Security Series 2023 2.50%, 01/01/2053, TBA			2,750		2,331,393
3.00%, 01/01/2053, TBA			35,030		30,774,401
Total Mortgage Pass-Throughs (cost $230,156,740)					210,429,465
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.8%
Risk Share Floating Rate – 2.7%
Bellemeade Re Ltd. Series 2018-1A, Class M2 7.289% (LIBOR 1 Month + 2.90%), 04/25/2028(a) (d)			524		522,983
Series 2019-1A, Class M1B 6.139% (LIBOR 1 Month + 1.75%), 03/25/2029(a) (d)			538		537,744
Series 2019-2A, Class M1C 6.389% (LIBOR 1 Month + 2.00%), 04/25/2029(a) (d)			7,582		7,528,641
Series 2019-2A, Class M2 7.489% (LIBOR 1 Month + 3.10%), 04/25/2029(a) (d)			5,800		5,619,279
Series 2019-3A, Class M1B 5.989% (LIBOR 1 Month + 1.60%), 07/25/2029(a) (d)			1,162		1,161,404
Series 2019-3A, Class M1C 6.339% (LIBOR 1 Month + 1.95%), 07/25/2029(a) (d)			10,500		10,404,053
Series 2019-4A, Class M1C 6.889% (LIBOR 1 Month + 2.50%), 10/25/2029(a) (d)			4,951		4,943,817
Series 2020-3A, Class M1C 8.089% (LIBOR 1 Month + 3.70%), 10/25/2030(a) (d)			4,572		4,596,051
Series 2021-3A, Class A2 4.928% (SOFR + 1.00%), 09/25/2031(a) (d)			7,225		6,715,064
Connecticut Avenue Securities Trust Series 2019-R02, Class 1M2 6.689% (LIBOR 1 Month + 2.30%), 08/25/2031(a) (d)			222		221,234
Series 2019-R03, Class 1M2 6.539% (LIBOR 1 Month + 2.15%), 09/25/2031(a) (d)			176		176,026

39

	Principal Amount (000)			U.S. $ Value
Series 2019-R06, Class 2M2 6.489% (LIBOR 1 Month + 2.10%), 09/25/2039(a) (d)		U.S.$	71	$	71,075
Series 2019-R07, Class 1M2 6.489% (LIBOR 1 Month + 2.10%), 10/25/2039(a) (d)			543		541,932
Series 2020-R01, Class 1M2 6.439% (LIBOR 1 Month + 2.05%), 01/25/2040(a) (d)			2,259		2,243,023
Series 2021-R01, Class 1M1 4.678% (SOFR + 0.75%), 10/25/2041(a) (d)			320		317,221
Series 2021-R01, Class 1M2 5.478% (SOFR + 1.55%), 10/25/2041(a) (d)			878		855,928
Eagle Re Ltd. Series 2018-1, Class M1 6.089% (LIBOR 1 Month + 1.70%), 11/25/2028(a) (d)			4,843		4,826,939
Series 2021-2, Class M1B 5.978% (SOFR + 2.05%), 04/25/2034(a) (d)			3,700		3,603,112
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2013-DN2, Class M2 8.639% (LIBOR 1 Month + 4.25%), 11/25/2023(d)			4,010		4,057,766
Series 2015-DNA1, Class M3 7.689% (LIBOR 1 Month + 3.30%), 10/25/2027(d)			2,937		2,966,636
Series 2019-DNA3, Class M2 6.439% (LIBOR 1 Month + 2.05%), 07/25/2049(a) (d)			725		710,588
Series 2019-DNA4, Class M2 6.339% (LIBOR 1 Month + 1.95%), 10/25/2049(a) (d)			473		472,855
Series 2020-DNA1, Class M2 6.089% (LIBOR 1 Month + 1.70%), 01/25/2050(a) (d)			366		364,561
Series 2020-HQA2, Class M2 7.489% (LIBOR 1 Month + 3.10%), 03/25/2050(a) (d)			1,809		1,827,786
Series 2021-DNA5, Class M2 5.578% (SOFR + 1.65%), 01/25/2034(a) (d)			3,286		3,235,587
Series 2021-DNA6, Class M1 4.728% (SOFR + 0.80%), 10/25/2041(a) (d)			730		717,381
Series 2021-DNA6, Class M2 5.428% (SOFR + 1.50%), 10/25/2041(a) (d)			11,395		10,825,045

40

	Principal Amount (000)			U.S. $ Value
Series 2021-DNA7, Class M1 4.778% (SOFR + 0.85%), 11/25/2041(a) (d)		U.S.$	883	$	867,331
Series 2021-DNA7, Class M2 5.728% (SOFR + 1.80%), 11/25/2041(a) (d)			13,277		12,469,616
Series 2021-HQA4, Class M1 4.878% (SOFR + 0.95%), 12/25/2041(a) (d)			6,763		6,415,539
Series 2021-HQA4, Class M2 6.278% (SOFR + 2.35%), 12/25/2041(a) (d)			6,919		6,106,035
Federal National Mortgage Association Connecticut Avenue Securities
Series 2013-C01, Class M2 9.639% (LIBOR 1 Month + 5.25%), 10/25/2023(d)			100		102,097
Series 2014-C01, Class M2 8.789% (LIBOR 1 Month + 4.40%), 01/25/2024(d)			411		422,151
Series 2014-C04, Class 1M2 9.289% (LIBOR 1 Month + 4.90%), 11/25/2024(d)			1,378		1,413,947
Series 2014-C04, Class 2M2 9.389% (LIBOR 1 Month + 5.00%), 11/25/2024(d)			457		461,986
Series 2015-C01, Class 1M2 8.689% (LIBOR 1 Month + 4.30%), 02/25/2025(d)			1,703		1,732,810
Series 2015-C02, Class 1M2 8.389% (LIBOR 1 Month + 4.00%), 05/25/2025(d)			1,527		1,534,722
Series 2015-C03, Class 1M2 9.389% (LIBOR 1 Month + 5.00%), 07/25/2025(d)			350		355,011
Series 2015-C04, Class 1M2 10.089% (LIBOR 1 Month + 5.70%), 04/25/2028(d)			1,026		1,081,921
Series 2015-C04, Class 2M2 9.939% (LIBOR 1 Month + 5.55%), 04/25/2028(d)			68		69,936
Series 2016-C01, Class 2M2 11.339% (LIBOR 1 Month + 6.95%), 08/25/2028(d)			762		809,650
Series 2016-C02, Class 1M2 10.389% (LIBOR 1 Month + 6.00%), 09/25/2028(d)			2,117		2,188,866
Series 2018-C01, Class 1B1 7.939% (LIBOR 1 Month + 3.55%), 07/25/2030(d)			1,487		1,513,050
Series 2021-R02, Class 2M2 5.928% (SOFR + 2.00%), 11/25/2041(a) (d)			7,361		6,845,844

41

	Principal Amount (000)			U.S. $ Value
JPMorgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 9.889% (LIBOR 1 Month + 5.50%), 10/25/2025(d) (f)		U.S.$	1,549	$	1,516,609
PMT Credit Risk Transfer Trust
Series 2019-2R, Class A 7.137% (LIBOR 1 Month + 2.75%), 05/27/2023(a) (d)			4,848		4,639,099
Series 2019-3R, Class A 8.087% (LIBOR 1 Month + 3.70%), 11/27/2031(a) (d)			349		334,215
Radnor Re Ltd.
Series 2019-1, Class M1B 6.339% (LIBOR 1 Month + 1.95%), 02/25/2029(a) (d)			4,623		4,570,181
Series 2019-2, Class M1B 6.139% (LIBOR 1 Month + 1.75%), 06/25/2029(a) (d)			1,662		1,660,172
Traingle Re Ltd. Series 2021-3, Class M1A 5.828% (SOFR + 1.90%), 02/25/2034(a) (d)			8,582		8,364,993
					145,539,512
Non-Agency Fixed Rate – 0.1%
Alternative Loan Trust
Series 2006-24CB, Class A15 5.75%, 08/25/2036			1,307		736,767
Series 2006-26CB, Class A6 6.25%, 09/25/2036			114		63,292
Series 2006-26CB, Class A8 6.25%, 09/25/2036			425		236,435
Series 2006-J1, Class 1A11 5.50%, 02/25/2036			662		472,495
Series 2007-15CB, Class A19 5.75%, 07/25/2037			260		161,756
CHL Mortgage Pass-Through Trust
Series 2007-3, Class A30 5.75%, 04/25/2037			777		405,442
Series 2007-HY4, Class 1A1 3.632%, 09/25/2047			239		206,497
Citigroup Mortgage Loan Trust Series 2007-AR4, Class 1A1A 3.463%, 03/25/2037			121		104,866
CSMC Mortgage-Backed Trust Series 2006-7, Class 3A12 6.25%, 08/25/2036			491		209,024
Residential Accredit Loans, Inc. Trust Series 2005-QS14, Class 3A1 6.00%, 09/25/2035			530		455,352

42

	Principal Amount (000)			U.S. $ Value
Wells Fargo Mortgage Backed Securities Trust Series 2007-AR7, Class A1 4.332%, 12/28/2037		U.S.$	809	$	700,227
					3,752,153
Non-Agency Floating Rate – 0.0%
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A10 4.639% (LIBOR 1 MONTH + 0.25%), 04/25/2037(d)			530		135,763
Total Collateralized Mortgage Obligations (cost $154,929,469)					149,427,428
CORPORATES - NON-INVESTMENT GRADE – 2.6%
Industrial – 1.6%
Basic – 0.3%
INEOS Quattro Finance 2 PLC 2.50%, 01/15/2026(a)		EUR	5,045		4,584,466
Rimini Bidco SpA 7.296% (EURIBOR 3 Month + 5.25%), 12/14/2026(d) (g)			9,315		8,917,628
					13,502,094
Capital Goods – 0.0%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 3.00%, 09/01/2029(a)			100		77,811
Communications - Media – 0.2%
CCO Holdings LLC/CCO Holdings Capital Corp. 4.75%, 02/01/2032(a)		U.S.$	141		114,310
DISH DBS Corp. 5.25%, 12/01/2026(a)			7,940		6,697,623
5.75%, 12/01/2028(a)			6,707		5,357,352
Virgin Media Finance PLC 5.00%, 07/15/2030(a)			200		160,684
VZ Secured Financing BV 3.50%, 01/15/2032(a)		EUR	105		87,741
					12,417,710
Communications - Telecommunications – 0.0%
Telefonica Europe BV 4.375%, 12/14/2024(a) (c)			100		101,961
Consumer Cyclical - Automotive – 0.2%
Faurecia SE 2.75%, 02/15/2027(a)			105		94,577
Ford Motor Co. 6.10%, 08/19/2032		U.S.$	90		83,381

43

	Principal Amount (000)			U.S. $ Value
Jaguar Land Rover Automotive PLC 4.50%, 10/01/2027(a)		U.S.$	200	$	152,441
ZF Finance GmbH 2.00%, 05/06/2027(a)		EUR	13,000		11,359,550
2.25%, 05/03/2028(a)			200		166,828
					11,856,777
Consumer Cyclical - Entertainment – 0.3%
Carnival Corp. 4.00%, 08/01/2028(a)		U.S.$	5,542		4,498,220
Carnival PLC 1.00%, 10/28/2029		EUR	9,042		3,955,901
Royal Caribbean Cruises Ltd. 8.25%, 01/15/2029(a)		U.S.$	7,127		7,144,818
					15,598,939
Consumer Cyclical - Other – 0.2%
Allwyn Entertainment Financing UK PLC 5.887% (EURIBOR 3 Month + 4.12%), 02/15/2028(d)		EUR	4,602		4,790,740
Castle UK Finco PLC 5.571% (EURIBOR 3 Month + 5.25%), 05/15/2028(d)			130		102,940
NAC Aviation 29 DAC 4.75%, 06/30/2026		U.S.$	4,914		4,004,595
					8,898,275
Consumer Cyclical - Restaurants – 0.1%
Stonegate Pub Co. Financing 2019 PLC 8.25%, 07/31/2025(a)		GBP	5,175		5,655,176
Consumer Non-Cyclical – 0.1%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 3.50%, 02/15/2023(a)		U.S.$	3,143		3,124,583
5.875%, 02/15/2028(a)			140		133,190
Cheplapharm Arzneimittel GmbH 4.375%, 01/15/2028(a)		EUR	100		93,828
Grifols Escrow Issuer SA 3.875%, 10/15/2028(a)			100		89,689
Grifols SA 1.625%, 02/15/2025(a)			2,746		2,771,072
					6,212,362
Services – 0.1%
Verisure Holding AB 3.25%, 02/15/2027(a)			8,815		8,188,576
Technology – 0.1%
Cedacri Mergeco SpA 6.387% (EURIBOR 3 Month + 4.62%), 05/15/2028(a) (d) (g)			2,835		2,825,593
					85,335,274

44

	Principal Amount (000)			U.S. $ Value
Financial Institutions – 0.9%
Banking – 0.5%
Ally Financial, Inc. Series C 4.70%, 05/15/2028(c)		U.S.$	100	$	62,625
Credit Suisse Group AG 6.25%, 12/18/2024(a) (c)			11,289		8,867,461
Societe Generale SA 7.875%, 12/18/2023(a) (c)			15,565		15,378,998
					24,309,084
Finance – 0.1%
Aircastle Ltd. 5.25%, 06/15/2026(a) (c)			195		146,122
doValue SpA 5.00%, 08/04/2025(a)		EUR	105		108,102
SLM Corp. 4.20%, 10/29/2025		U.S.$	6,276		5,715,499
					5,969,723
Other Finance – 0.1%
Motion Finco SARL 7.00%, 05/15/2025(a)		EUR	5,545		5,908,278
REITs – 0.2%
Neinor Homes SA 4.50%, 10/15/2026(a)			100		90,960
Via Celere Desarrollos Inmobiliarios SA 5.25%, 04/01/2026(a)			100		95,805
Vivion Investments SARL 3.00%, 08/08/2024(a)			8,100		6,763,618
3.50%, 11/01/2025(a)			3,300		2,584,209
					9,534,592
					45,721,677
Utility – 0.1%
Electric – 0.1%
EDP - Energias de Portugal SA Series NC5. 1.50%, 03/14/2082(a)			6,200		5,411,369
Vistra Corp. 7.00%, 12/15/2026(a) (c)		U.S.$	100		91,161
					5,502,530
Total Corporates - Non-Investment Grade (cost $166,705,894)					136,559,481
GOVERNMENTS - SOVEREIGN BONDS – 2.6%
Chile – 0.0%
Chile Government International Bond 2.45%, 01/31/2031			250		207,000

45

	Principal Amount (000)			U.S. $ Value
2.55%, 01/27/2032		U.S.$	250	$	204,422
3.10%, 05/07/2041			825		591,577
3.10%, 01/22/2061			280		174,002
					1,177,001
Colombia – 0.3%
Colombia Government International Bond 3.875%, 04/25/2027			14,793		13,057,596
France – 0.5%
Dexia Credit Local SA Zero Coupon, 01/21/2028(a)		EUR	22,100		20,090,362
0.01%, 01/22/2027(a)			7,200		6,771,291
					26,861,653
Germany – 1.1%
Kreditanstalt fuer Wiederaufbau 2.00%, 02/15/2027		AUD	6,000		3,729,288
3.20%, 09/11/2026			6,008		3,951,632
4.10%, 02/20/2026			37,326		25,378,589
Landwirtschaftliche Rentenbank Zero Coupon, 11/27/2029(a)		EUR	24,583		21,359,841
					54,419,350
Hungary – 0.0%
Hungary Government International Bond 2.125%, 09/22/2031(a)		U.S.$	673		494,571
3.125%, 09/21/2051(a)			200		119,225
5.25%, 06/16/2029(a)			310		294,752
					908,548
Indonesia – 0.4%
Indonesia Government International Bond 1.00%, 07/28/2029		EUR	5,330		4,579,732
2.15%, 07/28/2031		U.S.$	1,030		855,013
3.20%, 09/23/2061			640		438,470
3.375%, 07/30/2025(a)		EUR	10,564		11,197,272
3.55%, 03/31/2032		U.S.$	200		181,522
4.125%, 01/15/2025(a)			590		582,690
4.30%, 03/31/2052			200		168,522
					18,003,221
Mexico – 0.0%
Mexico Government International Bond 2.659%, 05/24/2031			400		323,200
4.28%, 08/14/2041			500		384,313
					707,513
Panama – 0.2%
Panama Bonos del Tesoro Series DOM 3.362%, 06/30/2031			500		409,063
Panama Government International Bond 2.252%, 09/29/2032			408		302,124

46

	Principal Amount (000)			U.S. $ Value
3.87%, 07/23/2060		U.S.$	400	$	257,700
3.875%, 03/17/2028			920		868,135
6.40%, 02/14/2035			10,416		10,564,428
					12,401,450
Peru – 0.0%
Peruvian Government International Bond 1.862%, 12/01/2032			150		109,481
2.392%, 01/23/2026			380		349,434
2.78%, 12/01/2060			105		61,412
					520,327
Philippines – 0.0%
Philippine Government International Bond 1.95%, 01/06/2032			1,660		1,344,783
3.229%, 03/29/2027			205		193,491
3.556%, 09/29/2032			205		186,316
4.20%, 03/29/2047			205		173,904
					1,898,494
Poland – 0.0%
Republic of Poland Government International Bond 5.50%, 11/16/2027			343		350,693
Qatar – 0.0%
Qatar Government International Bond 3.75%, 04/16/2030(a)			1,110		1,071,011
4.40%, 04/16/2050(a)			490		445,992
					1,517,003
Romania – 0.0%
Romanian Government International Bond 2.875%, 04/13/2042(a)		EUR	300		179,193
3.00%, 02/14/2031(a)		U.S.$	250		195,906
3.625%, 03/27/2032(a)			256		203,008
5.25%, 11/25/2027(a)			694		663,985
					1,242,092
Saudi Arabia – 0.1%
Saudi Arabia 5.268%, 10/25/2028(a)			405		420,533
Saudi Government International Bond 3.45%, 02/02/2061(a)			335		238,332
3.625%, 03/04/2028(a)			370		352,869
3.75%, 01/21/2055(a)			970		759,813
5.00%, 04/17/2049(a)			407		382,402
					2,153,949

47

	Principal Amount (000)			U.S. $ Value
Uruguay – 0.0%
Uruguay Government International Bond 4.375%, 10/27/2027		U.S.$	260	$	262,080
4.375%, 01/23/2031			430		428,065
					690,145
Total Governments - Sovereign Bonds (cost $145,089,464)					135,909,035
COVERED BONDS – 2.0%
Bank of Montreal 0.125%, 01/26/2027(a)		EUR	17,195		16,108,154
Bank of Nova Scotia (The) 0.01%, 01/14/2027(a)			17,880		16,680,394
0.01%, 12/15/2027(a)			400		361,625
BPCE SFH SA 0.125%, 03/31/2025(a)			300		298,925
1.75%, 06/27/2024(a)			200		209,330
Cie de Financement Foncier SA 0.01%, 07/15/2026(a)			6,800		6,482,239
Commonwealth Bank of Australia 0.125%, 10/15/2029(a)			17,890		15,239,525
DNB Boligkreditt AS 0.375%, 11/20/2024(a)			350		354,543
0.625%, 06/19/2025(a)			4,751		4,763,249
National Australia Bank Ltd. 0.01%, 01/06/2029(a)			17,865		15,531,976
National Westminster Bank PLC 0.50%, 05/15/2024(a)			310		319,308
Nationwide Building Society 0.625%, 03/25/2027(a)			4,570		4,358,286
Nordea Kiinnitysluottopankki Oyj Series FI43 1.00%, 11/05/2024(a)			430		441,453
Royal Bank of Canada 0.01%, 01/21/2027(a)			3,100		2,893,669
0.125%, 04/26/2027(a)			20,240		18,824,286
Skandinaviska Enskilda Banken AB 0.375%, 02/09/2026(a)			320		313,027
Societe Generale SFH SA 0.01%, 12/02/2026(a)			600		565,608
Stadshypotek AB 0.375%, 03/13/2026(a)			320		312,296
Total Covered Bonds (cost $116,914,364)					104,057,893
COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.9%
Non-Agency Floating Rate CMBS – 1.5%
Ashford Hospitality Trust Series 2018-KEYS, Class A 5.318% (LIBOR 1 Month + 1.00%), 06/15/2035(a) (d)		U.S.$	14,000		13,477,372

48

	Principal Amount (000)			U.S. $ Value
BAMLL Commercial Mortgage Securities Trust Series 2017-SCH, Class AF 5.318% (LIBOR 1 Month + 1.00%), 11/15/2033(a) (d)		U.S.$	6,275	$	5,910,702
BHMS Series 2018-ATLS, Class A 5.568% (LIBOR 1 Month + 1.25%), 07/15/2035(a) (d)			13,884		13,329,488
BHP Trust Series 2019-BXHP, Class C 5.84% (LIBOR 1 Month + 1.52%), 08/15/2036(a) (d)			5,180		4,958,107
DBWF Mortgage Trust Series 2018-GLKS, Class A 5.469% (LIBOR 1 Month + 1.03%), 12/19/2030(a) (d)			18,535		17,976,830
GS Mortgage Securities Corp. Trust Series 2019-SMP, Class D 6.268% (LIBOR 1 Month + 1.95%), 08/15/2032(a) (d)			5,035		4,753,865
Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A 5.818% (LIBOR 1 MONTH + 1.5%), 07/15/2036(a) (d)			12,593		12,043,578
Series 2022-JERI, Class A 5.737% (SOFR + 1.40%), 01/15/2039(a) (d)			8,113		7,744,595
					80,194,537
Non-Agency Fixed Rate CMBS – 0.4%
225 Liberty Street Trust Series 2016-225L, Class E 4.649%, 02/10/2036(a)			9,098		7,372,069
Commercial Mortgage Trust Series 2012-CR3, Class D 4.727%, 10/15/2045(a)			2,322		1,692,032
Series 2013-SFS, Class A1 1.873%, 04/12/2035(a)			180		178,784
GS Mortgage Securities Trust Series 2011-GC5, Class D 5.154%, 08/10/2044(a)			205		84,734
Series 2013-G1, Class A2 3.557%, 04/10/2031(a)			2,526		2,510,475
JPMBB Commercial Mortgage Securities Trust Series 2014-C21, Class B 4.341%, 08/15/2047			6,329		5,908,805
					17,746,899
Total Commercial Mortgage-Backed Securities (cost $103,048,000)					97,941,436

49

	Principal Amount (000)			U.S. $ Value
COLLATERALIZED LOAN OBLIGATIONS – 1.8%
CLO - Floating Rate – 1.8%
AGL CLO 16 Ltd. Series 2021-16A, Class A 5.373% (LIBOR 3 Month + 1.13%), 01/20/2035(a) (d)		U.S.$	700	$	678,098
Balboa Bay Loan Funding Ltd. Series 2021-1A, Class B 5.893% (LIBOR 3 Month + 1.65%), 07/20/2034(a) (d)			1,600		1,514,450
Series 2022-1A, Class A 5.393% (SOFR + 1.43%), 04/20/2034(a) (d)			4,500		4,410,013
Crown Point CLO 11 Ltd. Series 2021-11A, Class D 7.679% (LIBOR 3 Month + 3.60%), 01/17/2034(a) (d)			500		472,948
Invco 2021-1a A1 Series 2021-1A, Class A1 5.079% (LIBOR 3 Month + 1.00%), 04/15/2034(a) (d)			5,500		5,345,378
Kings Park CLO Ltd. Series 2021-1A, Class A 5.408% (LIBOR 3 Month + 1.13%), 01/21/2035(a) (d)			700		679,632
Marble Point CLO XI Ltd. Series 2017-2A, Class A 5.374% (LIBOR 3 Month + 1.18%), 12/18/2030(a) (d)			17,519		17,227,976
Neuberger Berman Loan Advisers Euro CLO 3 DAC Series 2022-3A, Class D 4.743% (EURIBOR 3 Month + 3.20%), 10/25/2034(a) (d)		EUR	437		388,312
New Mountain CLO 3 Ltd. Series CLO-3A, Class B1 5.943% (LIBOR 3 Month + 1.70%), 10/20/2034(a) (d)		U.S.$	5,734		5,379,683
OCP CLO Ltd. Series 2020-18A, Class AR 5.333% (LIBOR 3 Month + 1.09%), 07/20/2032(a) (d)			3,453		3,376,528
Octagon Loan Funding Ltd. Series 2014-1A, Class ARR 5.854% (LIBOR 3 Month + 1.18%), 11/18/2031(a) (d)			8,984		8,837,544
OZLM XVIII Ltd. Series 2018-18A, Class A 5.099% (LIBOR 3 Month + 1.02%), 04/15/2031(a) (d)			17,040		16,663,893
Peace Park CLO Ltd. Series 2021-1A, Class A 5.373% (LIBOR 3 Month + 1.13%), 10/20/2034(a) (d)			4,620		4,498,388

50

	Principal Amount (000)			U.S. $ Value
Pikes Peak CLO 8 Series 2021-8A, Class A 5.413% (LIBOR 3 Month + 1.17%), 07/20/2034(a) (d)		U.S.$	14,279	$	13,950,122
Regatta XXIV Funding Ltd. Series 2021-5A, Class A1 5.393% (LIBOR 3 Month + 1.15%), 01/20/2035(a) (d)			450		437,388
Rockford Tower CLO Ltd. Series 2018-2A, Class A 5.403% (LIBOR 3 Month + 1.16%), 10/20/2031(a) (d)			8,500		8,342,240
TIAA CLO IV Ltd. Series 2018-1A, Class A1A 5.473% (LIBOR 3 Month + 1.23%), 01/20/2032(a) (d)			4,510		4,452,245
Total Collateralized Loan Obligations (cost $98,789,146)					96,654,838
SUPRANATIONALS – 1.6%
Supranational – 1.6%
European Investment Bank 0.50%, 06/21/2023		AUD	3,200		2,149,443
0.75%, 07/15/2027			15,292		8,859,585
1.80%, 01/19/2027			19,295		11,893,090
3.10%, 08/17/2026(a)			9,991		6,536,654
Inter-American Development Bank 2.50%, 04/14/2027(a)			2,505		1,574,950
2.70%, 01/29/2026			2,485		1,616,559
4.25%, 06/11/2026			12,339		8,387,881
International Bank for Reconstruction & Development Zero Coupon, 01/15/2027		EUR	14,647		13,858,122
3.00%, 10/19/2026		AUD	6,993		4,548,418
Series GDIF 0.01%, 04/24/2028		EUR	7,398		6,737,552
International Finance Corp. 4.45%, 05/14/2027		AUD	18,234		12,451,279
Nordic Investment Bank 4.75%, 02/28/2024			6,590		4,523,257
Total Supranationals (cost $89,267,687)					83,136,790
LOCAL GOVERNMENTS - PROVINCIAL BONDS – 0.9%
Canada – 0.9%
Province of Ontario Canada 2.70%, 06/02/2029		CAD	28,190		19,428,366
Province of Quebec Canada 0.875%, 05/04/2027(a)		EUR	19,183		18,543,262
3.65%, 05/20/2032		CAD	10,105		7,269,714
Total Local Governments - Provincial Bonds (cost $49,665,859)					45,241,342

51

	Principal Amount (000)			U.S. $ Value
EMERGING MARKETS - TREASURIES – 0.8%
Brazil – 0.8%
Brazil Notas do Tesouro Nacional Series NTNF 10.00%, 01/01/2029 (cost $38,580,135)		BRL	237,175	$	40,160,649
EMERGING MARKETS - CORPORATE BONDS – 0.6%
Industrial – 0.5%
Basic – 0.2%
Braskem Idesa SAPI 6.99%, 02/20/2032(a)		U.S.$	4,523		3,222,638
Cia de Minas Buenaventura SAA 5.50%, 07/23/2026(a)			4,883		4,177,406
Volcan Cia Minera SAA 4.375%, 02/11/2026(a)			927		797,104
					8,197,148
Capital Goods – 0.0%
Cemex SAB de CV 5.45%, 11/19/2029(a)			227		217,111
Odebrecht Holdco Finance Ltd. Zero Coupon, 09/10/2058(a)			9,813		11,776
					228,887
Communications - Media – 0.0%
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030(a)			879		733,031
Consumer Cyclical - Other – 0.1%
Studio City Finance Ltd. 6.50%, 01/15/2028(a)			3,465		2,657,872
Wynn Macau Ltd. 5.625%, 08/26/2028(a)			3,203		2,706,182
					5,364,054
Consumer Non - Cyclical – 0.1%
Natura & Co., Luxembourg Holdings SARL 6.00%, 04/19/2029(a)			6,337		5,530,221
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018(e) (f) (h) (i) (j)			4,300		430
					5,530,651
Energy – 0.1%
Acu Petroleo Luxembourg SARL 7.50%, 01/13/2032(a)			3,453		3,135,324
Greenko Dutch BV 3.85%, 03/29/2026(a)			382		331,385
Greenko Solar Mauritius Ltd. 5.95%, 07/29/2026(a)			215		194,844

52

	Principal Amount (000)		U.S. $ Value
Leviathan Bond Ltd. 6.125%, 06/30/2025(a)	U.S.$	3,835	$	3,739,414
				7,400,967
				27,454,738
Utility – 0.1%
Electric – 0.1%
Adani Green Energy Ltd. 4.375%, 09/08/2024(a)		3,315		2,994,481
JSW Hydro Energy Ltd. 4.125%, 05/18/2031(a)		1,071		891,014
Terraform Global Operating LP 6.125%, 03/01/2026(f)		1,155		1,075,474
				4,960,969
Financial Institutions – 0.0%
Other Finance – 0.0%
OEC Finance Ltd. 4.375%, 10/25/2029(a) (k)		5,149		109,944
5.25%, 12/27/2033(a) (k)		1,687		33,699
7.125%, 12/26/2046(a) (k)		2,425		66,829
				210,472
Total Emerging Markets - Corporate Bonds (cost $53,874,401)				32,626,179
ASSET-BACKED SECURITIES – 0.6%
Other ABS - Fixed Rate – 0.5%
CNH Equipment Trust Series 2022-C, Class A2 5.42%, 07/15/2026		6,259		6,282,596
Hpefs Equipment Trust Series 2022-3A, Class A2 5.26%, 08/20/2029(a)		5,685		5,676,571
Marlette Funding Trust Series 2022-2A, Class A 4.25%, 08/15/2032(a)		4,773		4,724,296
Nelnet Student Loan Trust Series 2021-CA, Class B 2.53%, 04/20/2062(a)		8,191		6,377,121
SBA Tower Trust Series 2014-2A, Class C 3.869%, 10/15/2049(a)		3,008		2,874,114
				25,934,698
Autos - Fixed Rate – 0.1%
Santander Bank Auto Credit-Linked Notes Series 2022-B, Class B 5.721%, 08/16/2032(a)		5,098		5,074,849
Total Asset-Backed Securities (cost $32,997,258)				31,009,547

53

	Principal Amount (000)			U.S. $ Value
LOCAL GOVERNMENTS - REGIONAL BONDS – 0.6%
Australia – 0.1%
Queensland Treasury Corp. Series 24 5.75%, 07/22/2024(a)		AUD	3,061	$	2,143,184
Japan – 0.5%
Japan Finance Organization for Municipalities Series G 0.05%, 02/12/2027(a)		EUR	29,930		27,888,675
Total Local Governments - Regional Bonds (cost $35,725,540)					30,031,859
GOVERNMENTS - SOVEREIGN AGENCIES – 0.4%
Japan – 0.2%
Development Bank of Japan, Inc. 0.01%, 10/15/2024(a)			7,071		7,117,399
Series G 0.875%, 10/10/2025(a)			5,600		5,588,609
					12,706,008
Netherlands – 0.1%
BNG Bank NV 0.75%, 01/24/2029(a)			4,715		4,383,753
Norway – 0.1%
Kommunalbanken AS 4.50%, 04/17/2023(a)		AUD	5,050		3,448,312
South Korea – 0.0%
Korea Gas Corp. 1.125%, 07/13/2026(a)		U.S.$	290		252,264
Total Governments - Sovereign Agencies (cost $23,607,628)					20,790,337
QUASI-SOVEREIGNS – 0.4%
Quasi-Sovereign Bonds – 0.4%
Chile – 0.0%
Empresa de Transporte de Pasajeros Metro SA 3.65%, 05/07/2030(a)			370		335,267
4.70%, 05/07/2050(a)			370		309,366
					644,633
China – 0.0%
CNAC HK Finbridge Co., Ltd. 3.00%, 09/22/2030(a)			800		650,888
4.875%, 03/14/2025(a)			230		225,315
					876,203
Hong Kong – 0.0%
Airport Authority 2.10%, 03/08/2026(a) (c)			250		226,844
3.50%, 01/12/2062(a)			350		253,599
					480,443

54

	Principal Amount (000)			U.S. $ Value
India – 0.0%
Indian Railway Finance Corp. Ltd. 3.249%, 02/13/2030(a)		U.S.$	250	$	214,578
Indonesia – 0.1%
Pertamina Persero PT 1.40%, 02/09/2026(a)			770		681,535
4.15%, 02/25/2060(a)			410		288,999
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.125%, 05/15/2027(a)			460		437,000
					1,407,534
Kazakhstan – 0.0%
Fund of National Welfare Samruk-Kazyna JSC 2.00%, 10/28/2026(a)			473		410,416
KazMunayGas National Co. JSC 3.50%, 04/14/2033(a)			240		176,670
					587,086
Malaysia – 0.0%
Petronas Capital Ltd. 2.48%, 01/28/2032(a)			1,000		826,150
Mexico – 0.2%
Comision Federal de Electricidad 3.348%, 02/09/2031(a)			12,652		9,855,117
4.677%, 02/09/2051(a)			430		279,043
4.688%, 05/15/2029(a)			1,808		1,590,814
					11,724,974
Panama – 0.0%
Aeropuerto Internacional de Tocumen SA 5.125%, 08/11/2061(a)			240		196,395
Banco Nacional de Panama 2.50%, 08/11/2030(a)			580		463,021
					659,416
Qatar – 0.0%
QatarEnergy Trading LLC 2.25%, 07/12/2031(a)			540		445,601
United Arab Emirates – 0.1%
Abu Dhabi Crude Oil Pipeline LLC 3.65%, 11/02/2029(a)			270		251,741
4.60%, 11/02/2047(a)			250		229,109
Abu Dhabi Ports Co. PJSC 2.50%, 05/06/2031(a)			500		413,063

55

	Principal Amount (000)		U.S. $ Value
DP World Crescent Ltd. 3.75%, 01/30/2030(a)	U.S.$	200	$	183,913
MDGH GMTN RSC Ltd. 3.70%, 11/07/2049(a)		520		428,610
Series G 2.50%, 06/03/2031(a)		690		586,629
				2,093,065
Total Quasi-Sovereigns (cost $24,610,665)				19,959,683
BANK LOANS – 0.1%
Industrial – 0.1%
Consumer Cyclical - Restaurants – 0.0%
IRB Holding Corp. 6.821% (LIBOR 1 Month + 2.75%), 02/05/2025(l)		1,198		1,186,028
Consumer Non-Cyclical – 0.1%
LifePoint Health, Inc. (fka Regionalcare Hospital Partners Holdings, Inc.) 8.165% (LIBOR 3 Month + 3.75%), 11/16/2025(l)		5,087		4,784,170
Total Bank Loans (cost $6,241,256)				5,970,198
	Shares
COMMON STOCKS – 0.1%
Financials – 0.1%
Banks – 0.0%
Nordic Aviation Capital DAC(e) (i) (j)		86,655		1,733,100
Insurance – 0.1%
Mt Logan Re Ltd. (Special Investment)(e) (i) (j)		2,703		2,293,604
				4,026,704
Energy – 0.0%
Oil, Gas & Consumable Fuels – 0.0%
Golden Energy Offshore Services AS^ (i)		3,089,816		397,392
SandRidge Energy, Inc.(i)		4,459		75,937
				473,329
Total Common Stocks (cost $10,091,974)				4,500,033
	Principal Amount (000)
QUASI-SOVEREIGN BONDS – 0.1%
Mexico – 0.1%
Comision Federal de Electricidad 5.00%, 09/29/2036(a)	U.S.$	3,441		2,787,048

56

	Principal Amount (000)				U.S. $ Value
United Arab Emirates – 0.0%
DP World Ltd./United Arab Emirates 4.70%, 09/30/2049(a)		U.S.$	440		$	368,720
Qatar – 0.0%
QatarEnergy Trading LLC 3.30%, 07/12/2051(a)			500			366,031
Total Quasi-Sovereign Bonds (cost $4,492,360)						3,521,799
	Shares
WARRANTS – 0.0%
Encore Automotive Acceptance, expiring 07/05/2031(e) (i) (j)			27			0
Flexpath Capital, Inc., expiring 04/15/2031(e) (i) (j)			42,267			0
Total Warrants (cost $0)						0
SHORT-TERM INVESTMENTS – 2.0%
Investment Companies – 1.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.12%(m) (n) (o) (cost $91,418,364)			91,418,364			91,418,364
	Principal Amount (000)
Time Deposits – 0.2%
ANZ, Hong Kong 1.56%, 01/03/2023		AUD	716			487,496
ANZ, London 2.30%, 01/03/2023		GBP	250			301,771
BBH, Grand Cayman 1.70%, 01/04/2023		NZD	0	**		39
Citibank, London 1.10%, 01/02/2023		EUR	2,272			2,432,032
Citibank, New York 3.69%, 01/03/2023		U.S.$	7,297			7,297,068
Total Time Deposits (cost $10,518,406)						10,518,406
Governments - Treasuries – 0.1%
Japan – 0.1%
Japan Treasury Discount Bill Series 1110 Zero Coupon, 01/06/2023 (cost $3,083,728)		JPY	449,400			3,424,970
Total Short-Term Investments (cost $105,020,498)						105,361,740

57

	U.S. $ Value
Total Investments – 102.7% (cost $5,929,492,815)(p)	$	5,367,477,933
Other assets less liabilities – (2.7)%		(143,570,767	)
Net Assets – 100.0%	$	5,223,907,166

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
5 Yr Canadian Bond Futures		10		March 2023		$	823,264		$	(4,646	)
10 Yr Canadian Bond Futures		7		March 2023			633,567			(12,356	)
Euro-Bund Futures		384		March 2023			54,641,248			(463,280	)
Euro-BUXL 30Y Bond Futures		6		March 2023			868,606			(167,525	)
Japan 10 Yr Bond (OSE) Futures		8		March 2023			8,866,809			(175,861	)
U.S. 10 Yr Ultra Futures		1,437		March 2023			169,970,156			449,102
U.S. Long Bond (CBT) Futures		37		March 2023			4,637,719			(150,969	)
U.S. T-Note 2 Yr (CBT) Futures		19		March 2023			3,896,484			4,602
U.S. T-Note 5 Yr (CBT) Futures		660		March 2023			71,233,594			(25,781	)
U.S. T-Note 10 Yr (CBT) Futures		21		March 2023			2,358,234			(12,703	)
U.S. Ultra Bond (CBT) Futures		18		March 2023			2,417,625			(48,438	)
Sold Contracts
Euro-BOBL Futures		952		March 2023			117,957,165			3,840,625
Euro-BTP Futures		380		March 2023			44,305,496			3,608,305
Euro-BUXL 30Y Bond Futures		225		March 2023			32,572,722			6,770,168
Euro-OAT Futures		398		March 2023			54,234,776			3,709,794
Euro-Schatz Futures		422		March 2023			47,621,365			586,756
Long Gilt Futures		1,251		March 2023			151,088,399			7,309,517
U.S. T-Note 5 Yr (CBT) Futures		51		March 2023			5,504,414			1,992
									$	25,219,302

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Australia and New Zealand
Banking Group Ltd.		USD	55,649		AUD	82,946		01/19/2023		$	861,253
Bank of America, NA		AUD	338,327		USD	220,728		01/19/2023			(9,771,025	)
Bank of America, NA		CAD	75,655		USD	55,472		01/19/2023			(406,936	)
Bank of America, NA		CLP	98,879,121		USD	105,088		01/19/2023			(11,312,585	)
Bank of America, NA		MXN	1,029,558		USD	52,388		01/19/2023			(291,620	)
Bank of America, NA		USD	722		CAD	979		01/19/2023			1,180
Bank of America, NA		USD	53,360		CLP	49,863,155		01/19/2023			5,339,113
Bank of America, NA		USD	53,379		MXN	1,041,921		01/19/2023			(66,139	)
Bank of America, NA		KRW	353,458,562		USD	247,304		01/30/2023			(33,524,877	)
Bank of America, NA		USD	53,141		KRW	71,472,313		01/30/2023			3,644,915
Bank of America, NA		NZD	173,720		USD	108,881		02/02/2023			(1,464,486	)
Bank of America, NA		USD	55,067		NZD	86,141		02/02/2023			(351,437	)
Bank of America, NA		SEK	581,150		USD	55,454		02/03/2023			(342,594	)
Bank of America, NA		USD	108,538		NOK	1,079,576		02/03/2023			1,801,804
Bank of America, NA		USD	54,874		SEK	565,761		02/03/2023			(555,033	)
Bank of America, NA		JPY	4,035,755		USD	29,802		02/09/2023			(1,101,462	)
Bank of America, NA		EUR	7,104		USD	7,632		02/27/2023			(1,244	)
Bank of America, NA		USD	27,625		EUR	25,886		02/27/2023			188,175
Bank of America, NA		USD	52,786		INR	4,386,409		03/16/2023			(9,400	)

58

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Barclays Bank PLC		IDR	404,966,875		USD	25,975		01/26/2023		$	(131,608	)
Barclays Bank PLC		SGD	72,324		USD	53,427		03/02/2023			(619,910	)
BNP Paribas SA		CAD	147,579		USD	109,681		01/19/2023			677,683
BNP Paribas SA		CAD	75,655		USD	55,388		01/19/2023			(491,166	)
BNP Paribas SA		CLP	47,993,789		USD	53,668		01/19/2023			(2,830,119	)
BNP Paribas SA		MXN	1,070,188		USD	53,737		01/19/2023			(1,021,569	)
BNP Paribas SA		USD	55,487		CAD	75,149		01/19/2023			18,197
BNP Paribas SA		USD	44,911		CAD	59,561		01/19/2023			(918,389	)
BNP Paribas SA		USD	54,270		CLP	48,100,832		01/19/2023			2,354,273
BNP Paribas SA		USD	18,988		THB	680,171		01/19/2023			680,687
BNP Paribas SA		KRW	74,848,870		USD	56,129		01/30/2023			(3,339,242	)
BNP Paribas SA		NOK	1,085,266		USD	109,308		02/03/2023			(1,612,883	)
BNP Paribas SA		CNH	1,744,855		USD	244,090		02/16/2023			(8,904,947	)
Brown Brothers Harriman & Co.		GBP	126		USD	151		01/18/2023			(2,066	)
Brown Brothers Harriman & Co.		USD	394		GBP	329		01/18/2023			3,262
Brown Brothers Harriman & Co.		AUD	2,853		USD	1,910		01/19/2023			(33,960	)
Brown Brothers Harriman & Co.		CAD	3,279		USD	2,442		01/19/2023			20,976
Brown Brothers Harriman & Co.		CAD	590		USD	434		01/19/2023			(2,034	)
Brown Brothers Harriman & Co.		USD	375		AUD	567		01/19/2023			11,600
Brown Brothers Harriman & Co.		USD	181		AUD	262		01/19/2023			(2,044	)
Brown Brothers Harriman & Co.		USD	138		CAD	184		01/19/2023			(1,592	)
Brown Brothers Harriman & Co.		EUR	12,789		USD	13,500		01/26/2023			(211,117	)
Citibank, NA		GBP	198,036		USD	235,802		01/18/2023			(3,707,735	)
Citibank, NA		AUD	334,515		USD	212,247		01/19/2023			(15,655,422	)
Citibank, NA		CAD	71,408		USD	53,770		01/19/2023			1,027,631
Citibank, NA		CAD	432,741		USD	317,098		01/19/2023			(2,527,374	)
Citibank, NA		CLP	46,724,875		USD	51,499		01/19/2023			(3,505,951	)
Citibank, NA		USD	107,070		CAD	143,012		01/19/2023			(1,440,099	)
Citibank, NA		USD	54,309		MXN	1,050,233		01/19/2023			(571,480	)
Citibank, NA		KRW	212,092,555		USD	158,382		01/30/2023			(10,128,945	)
Citibank, NA		USD	3,731		DKK	26,615		02/03/2023			109,643
Citibank, NA		JPY	21,071,694		USD	152,536		02/09/2023			(8,819,415	)
Citibank, NA		SGD	74,431		USD	55,225		03/02/2023			(395,644	)
Citibank, NA		INR	8,768,972		USD	105,475		03/16/2023			(31,092	)
Citibank, NA		USD	52,889		INR	4,386,409		03/16/2023			(112,442	)
Credit Suisse International		USD	51,279		AUD	76,522		01/19/2023			855,009
Credit Suisse International		USD	55,756		SEK	574,333		02/03/2023			(614,352	)
Goldman Sachs Bank USA		AUD	85,952		USD	54,969		01/19/2023			(3,588,684	)
Goldman Sachs Bank USA		CAD	6,456		USD	4,786		01/19/2023			17,639
HSBC Bank USA		CAD	3,595		USD	2,642		01/19/2023			(13,973	)
HSBC Bank USA		KRW	51,879,322		USD	38,871		01/30/2023			(2,347,454	)
HSBC Bank USA		USD	107,269		PLN	486,528		01/30/2023			3,523,911
HSBC Bank USA		CNH	68,997		USD	9,898		02/16/2023			(106,448	)
HSBC Bank USA		USD	110,719		CNH	780,682		02/16/2023			2,475,993
HSBC Bank USA		USD	162,760		SGD	220,166		03/02/2023			1,766,573
JPMorgan Chase Bank, NA		BRL	88,941		USD	16,694		01/04/2023			(151,665	)
JPMorgan Chase Bank, NA		USD	17,046		BRL	88,941		01/04/2023			(200,331	)
JPMorgan Chase Bank, NA		GBP	46,115		USD	54,891		01/18/2023			(880,964	)
JPMorgan Chase Bank, NA		CAD	6,521		USD	4,852		01/19/2023			35,283
JPMorgan Chase Bank, NA		CAD	18,203		USD	13,415		01/19/2023			(30,572	)
JPMorgan Chase Bank, NA		MXN	1,019,845		USD	51,208		01/19/2023			(974,887	)
JPMorgan Chase Bank, NA		USD	4,872		CAD	6,657		01/19/2023			45,001
JPMorgan Chase Bank, NA		USD	51,634		CAD	69,593		01/19/2023			(231,799	)
JPMorgan Chase Bank, NA		USD	53,136		MXN	1,035,336		01/19/2023			(160,150	)
JPMorgan Chase Bank, NA		PLN	241,093		USD	53,794		01/30/2023			(1,108,266	)
JPMorgan Chase Bank, NA		USD	81,465		NZD	132,076		02/02/2023			2,428,174
JPMorgan Chase Bank, NA		USD	54,994		NZD	85,930		02/02/2023			(412,837	)
JPMorgan Chase Bank, NA		EUR	144,672		USD	153,023		02/27/2023			(2,422,568	)
JPMorgan Chase Bank, NA		USD	5,721		EUR	5,399		02/27/2023			80,448
JPMorgan Chase Bank, NA		SGD	73,268		USD	54,097		03/02/2023			(654,905	)

59

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services LLC		BRL	323,175		USD	61,850		01/04/2023		$	639,181
Morgan Stanley Capital Services LLC		BRL	126,640		USD	23,717		01/04/2023			(269,296	)
Morgan Stanley Capital Services LLC		USD	49,659		BRL	269,378		01/04/2023			1,362,383
Morgan Stanley Capital Services LLC		USD	34,582		BRL	180,437		01/04/2023			(406,420	)
Morgan Stanley Capital Services LLC		EUR	9,312		USD	9,389		01/12/2023			(585,317	)
Morgan Stanley Capital Services LLC		GBP	22,499		USD	27,970		01/18/2023			759,769
Morgan Stanley Capital Services LLC		GBP	10,113		USD	12,169		01/18/2023			(61,974	)
Morgan Stanley Capital Services LLC		AUD	81,444		USD	52,695		01/19/2023			(2,791,303	)
Morgan Stanley Capital Services LLC		CAD	81,300		USD	60,496		01/19/2023			446,652
Morgan Stanley Capital Services LLC		USD	217,726		AUD	336,296		01/19/2023			11,389,337
Morgan Stanley Capital Services LLC		USD	25,402		CAD	34,378		01/19/2023			(9,567	)
Morgan Stanley Capital Services LLC		PLN	241,093		USD	53,911		01/30/2023			(991,313	)
Morgan Stanley Capital Services LLC		USD	55,333		KRW	75,349,627		01/30/2023			4,533,814
Morgan Stanley Capital Services LLC		NZD	227,874		USD	140,555		02/02/2023			(4,188,701	)
Morgan Stanley Capital Services LLC		USD	10,166		BRL	53,797		02/02/2023			(37,194	)
Morgan Stanley Capital Services LLC		JPY	6,780,445		USD	50,038		02/09/2023			(1,882,836	)
Morgan Stanley Capital Services LLC		USD	1,014		EUR	946		02/27/2023			2,436
Morgan Stanley Capital Services LLC		CHF	51,014		USD	55,145		03/01/2023			(369,541	)
Morgan Stanley Capital Services LLC		MYR	120,125		USD	27,514		03/16/2023			(65,271	)
Royal Bank of Scotland PLC		USD	115,568		GBP	94,293		01/18/2023			(1,527,277	)
Royal Bank of Scotland PLC		USD	54,458		CAD	73,740		01/19/2023			6,275
Royal Bank of Scotland PLC		USD	54,353		JPY	7,342,502		02/09/2023			1,871,735
Standard Chartered Bank		THB	675,325		USD	18,306		01/19/2023			(1,222,532	)
Standard Chartered Bank		USD	177,498		CAD	242,027		01/19/2023			1,265,256
Standard Chartered Bank		KRW	157,102,603		USD	114,998		01/30/2023			(9,822,095	)
Standard Chartered Bank		USD	163,339		KRW	219,627,446		01/30/2023			11,158,859
Standard Chartered Bank		EUR	353,154		USD	372,550		02/27/2023			(6,901,484	)
UBS AG		USD	3,116		AUD	4,923		01/19/2023			237,746
UBS AG		USD	105,709		CLP	95,286,384		01/19/2023			6,462,305
UBS AG		SEK	565,893		USD	54,847		02/03/2023			515,526
UBS AG		EUR	315,472		USD	336,843		02/09/2023			(1,722,268	)
UBS AG		EUR	315,472		USD	337,260		02/27/2023			(1,702,410	)
UBS AG		USD	55,670		CHF	51,536		03/01/2023			412,623
										$	(105,641,417	)

60

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

Description	Fixed Rate (Pay) Receive		Payment Frequency		Implied Credit Spread at December 31, 2022		Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)
Buy Contracts
iTraxx Europe Series 38, 5 Year Index, 12/20/2027*		5.00%		Quarterly		4.74%		EUR	24,830	$	(306,626	)	$	254,898	$	(561,524	)

CENTRALLY CLEARED INTEREST RATE SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)
NZD	43,642	11/01/2024	3 Month BKBM	2.580%	Quarterly/ Semi-Annual	$	(1,428,248)	$	—	$	(1,428,248)
NZD	116,738	11/02/2024	3 Month BKBM	2.503%	Quarterly/ Semi-Annual		(3,945,571)		—		(3,945,571)
GBP	1,290	01/14/2027	1.139%	1 Day SONIA	Annual/ Annual		178,531		—		178,531
USD	600	01/30/2027	2.459%	3 Month LIBOR	Semi-Annual/ Quarterly		35,727		—		35,727
EUR	70,942	05/12/2027	6 Month EURIBOR	1.494%	Semi-Annual/ Annual		(4,846,445)		—		(4,846,445)
EUR	54,178	05/13/2027	6 Month EURIBOR	1.464%	Semi-Annual/ Annual		(3,785,507)		—		(3,785,507)
GBP	480	11/08/2027	4.121%	1 Day SONIA	Annual/ Annual		(1,259)		—		(1,259)
EUR	62,410	08/18/2032	6 Month EURIBOR	1.800%	Semi-Annual/ Annual		(7,342,530)		—		(7,342,530)
AUD	46,280	11/14/2032	4.355%	6 Month BBSW	Semi-Annual/ Semi-Annual		424,028		414,277		9,751
AUD	46,280	11/14/2032	6 Month BBSW	4.355%	Semi-Annual/ Semi-Annual		(424,028)		—		(424,028)
USD	150	05/05/2045	3 Month LIBOR	2.566%	Quarterly/ Semi-Annual		(26,298)		1		(26,299)
USD	100	07/16/2045	3 Month LIBOR	3.019%	Quarterly/ Semi-Annual		(9,716)		9,466		(19,182)
EUR	45,250	09/30/2050	0.122%	6 Month EURIBOR	Annual/ Semi-Annual		23,207,876		—		23,207,876
EUR	45,250	09/30/2050	6 Month EURIBOR	(0.017)%	Semi-Annual/ Annual		(24,506,953)		—		(24,506,953)

61

				Rate Type
Notional Amount (000)		Termination Date		Payments made by the Fund		Payments received by the Fund		Payment Frequency Paid/ Received		Market Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)
EUR	45,740		11/10/2050		0.022%		6 Month EURIBOR		Annual/ Semi-Annual	$	24,403,911	$	357,073	$	24,046,838
EUR	45,740		11/10/2050		6 Month EURIBOR		(0.043)%		Semi-Annual/ Annual		(25,018,452)		—		(25,018,452)
GBP	80		01/14/2052		1 Day SONIA		0.942%		Annual/ Annual		(44,006)		—		(44,006)
GBP	140		01/31/2052		1 Day SONIA		1.068%		Annual/ Annual		(73,130)		—		(73,130)
										$	(23,202,070)	$	780,817	$	(23,982,887)

CREDIT DEFAULT SWAPS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2022		Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation (Depreciation)
Sale Contracts
Credit Suisse International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%		Monthly		7.50%		USD	3,168	$	(775,463	)	$	(422,949	)	$	(352,514)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	4,118		(1,008,102	)		(549,190	)		(458,912	)
Goldman Sachs International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	1,901		(465,278	)		(140,186	)		(325,092	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	6,336		(1,550,927	)		(452,403	)		(1,098,524	)
											$	(3,799,770)		$	(1,564,728)		$	(2,235,042)

* Termination date

62

REVERSE REPURCHASE AGREEMENTS

Broker	Currency		Principal Amount (000)		Interest Rate			Maturity		U.S. $ Value at December 31, 2022
Credit Suisse Securities (USA)†		EUR		2,649		0.75	%		—	$	2,832,800
Credit Suisse Securities (USA)†		EUR		7,966		1.25	%		—		8,531,288
										$	11,364,088

† The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on September 30, 2022.

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements on the statements of assets and liabilities is as follows:

	Overnight and Continuous		Up to 30 Days		31-90 Days		Greater than 90 Days		Total
Corporates - Non-Investment Grade	$	11,364,088	$	0	$	0	$	0	$	11,364,088

^ Deemed an affiliated company as defined by the Investment Company Act of 1940 since the Fund owns 5% or more of the outstanding voting securities.

** Principal amount less than 500.

(a) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2022, the aggregate market value of these securities amounted to $2,160,063,448 or 41.3% of net assets.

(b) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

(c) Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(d) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2022.

(e) Fair valued by the Adviser.

(f) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.05% of net assets as of December 31, 2022, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities	Acquisition Date	Cost		Market Value		Percentage of Net Assets
Chile Electricity PEC SpA 0.0%, 01/25/2028	10/06/2021	$	179,498	$	147,329	0.00%
JPMorgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 9.889%, 10/25/2025	09/18/2015		1,548,610		1,516,609	0.03%
Terraform Global Operating LP 6.125%, 03/01/2026	02/08/2018		1,155,000		1,075,474	0.02%
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018	06/13/2013 – 09/23/2014		3,886,876		430	0.00%

(g) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.

(h) Defaulted matured security.

(i) Non-income producing security.

(j) Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(k) Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at December 31, 2022.

(l) The stated coupon rate represents the greater of the LIBOR or the LIBOR floor rate plus a spread at December 31, 2022.

63

(m) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(n) The rate shown represents the 7-day yield as of period end.

(o) Affiliated investments.

(p) As of December 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $203,334,411 and gross unrealized depreciation of investments was $(872,550,861), resulting in net unrealized depreciation of $(669,216,450).

Currency Abbreviations:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CLP – Chilean Peso

CNH – Chinese Yuan Renminbi (Offshore)

CNY – Chinese Yuan Renminbi

DKK – Danish Krone

EUR – Euro

GBP – Great British Pound

IDR – Indonesian Rupiah

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

PEN – Peruvian Sol

PLN – Polish Zloty

SEK ��� Swedish Krona

SGD – Singapore Dollar

THB – Thailand Baht

USD – United States Dollar

Glossary:

ABS – Asset-Backed Securities

BBSW – Bank Bill Swap Reference Rate (Australia)

BKBM – Bank Bill Benchmark (New Zealand)

BOBL – Bundesobligationen

BTP – Buoni del Tesoro Poliennali

CBT – Chicago Board of Trade

CDX-CMBX.NA – North American Commercial Mortgage-Backed Index

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

EURIBOR – Euro Interbank Offered Rate

JSC – Joint Stock Company

LIBOR – London Interbank Offered Rate

OAT – Obligations Assimilables du Trésor

OSE – Osaka Securities Exchange

PJSC – Public Joint Stock Company

REIT – Real Estate Investment Trust

SOFR – Secured Overnight Financing Rate

SONIA – Sterling Overnight Index Average

TBA – To Be Announced

TIPS – Treasury Inflation Protected Security

COUNTRY BREAKDOWN¹

December 31, 2022 (unaudited)

43.1	%	United States
7.1	%	Germany
7.1	%	South Korea
6.6	%	United Kingdom
4.2	%	Canada
4.2	%	Japan
3.3	%	Australia
2.9	%	China
2.4	%	France
2.2	%	Austria
1.6	%	Italy
1.6	%	Supranational
1.2	%	New zealand
10.5	%	Other
2.0	%	Short-Term Investments
100.0	%	Total Investments

¹  The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or other investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 1.0%% or less in the following: Belgium, Brazil, Chile, Colombia, Denmark, Finland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Kazakhstan, Kuwait, Luxembourg, Macau, Malaysia, Mexico, Netherlands, Norway, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates and Uruguay.

64

AB Global Bond Fund

December 31, 2022 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - quoted prices in active markets for identical investments

• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which are then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

Valuations of mortgage-backed or other asset-backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset-backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as a significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

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The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of December 31, 2022:

Investments in Securities	Level 1			Level 2			Level 3			Total
Assets:
Governments - Treasuries	$	-0-		$	2,439,888,817		$	-0-		$	2,439,888,817
Corporates - Investment Grade		2,944,882			1,304,345,830			-0-			1,307,290,712
Inflation-Linked Securities		-0-			267,008,672			-0-			267,008,672
Mortgage Pass-Throughs		-0-			210,429,465			-0-			210,429,465
Collateralized Mortgage Obligations		-0-			149,427,428			-0-			149,427,428
Corporates - Non-Investment Grade		-0-			136,559,481			-0-			136,559,481
Governments - Sovereign Bonds		-0-			135,909,035			-0-			135,909,035
Covered Bonds		-0-			104,057,893			-0-			104,057,893
Commercial Mortgage-Backed Securities		-0-			97,941,436			-0-			97,941,436
Collateralized Loan Obligations		-0-			96,654,838			-0-			96,654,838
Supranationals		-0-			83,136,790			-0-			83,136,790
Local Governments - Provincial Bonds		-0-			45,241,342			-0-			45,241,342
Emerging Market - Treasuries		-0-			40,160,649			-0-			40,160,649
Emerging Market - Corporate Bonds		-0-			32,625,749			430			32,626,179
Asset-Backed Securities		-0-			31,009,547			-0-			31,009,547
Local Governments - Regional Bonds		-0-			30,031,859			-0-			30,031,859
Governments - Sovereign Agencies		-0-			20,790,337			-0-			20,790,337
Quasi-Sovereigns		-0-			19,959,683			-0-			19,959,683
Bank Loans		-0-			5,970,198			-0-			5,970,198
Common Stocks		473,329			-0-			4,026,704			4,500,033
Quasi-Sovereign Bonds		-0-			3,521,799			-0-			3,521,799
Warrants		-0-			-0-			0	#		0
Short-Term Investments:
Investment Companies		91,418,364			-0-			-0-			91,418,364
Time Deposits		-0-			10,518,406			-0-			10,518,406
Governments - Treasuries		-0-			3,424,970			-0-			3,424,970
Total Investments in Securities		94,836,575			5,268,614,224			4,027,134			5,367,477,933
Other Financial Instruments*:
Assets
Futures		26,280,861			-0-			-0-			26,280,861
Forward Currency Exchange Contracts		-0-			69,032,320			-0-			69,032,320
Centrally Cleared Interest Rate Swaps		-0-			48,250,073			-0-			48,250,073
Liabilities
Futures		(1 ,061 ,559	)		-0-			-0-			(1,061,559	)
Forward Currency Exchange Contracts		-0-			(174,673,737	)		-0-			(174,673,737	)
Centrally Cleared Credit Default Swaps		-0-			(306,626	)		-0-			(306,626	)
Centrally Cleared Interest Rate Swaps		-0-			(71,452,143	)		-0-			(71,452,143	)
Credit Default Swaps		-0-			(3,799,770	)		-0-			(3,799,770	)
Reverse Repurchase Agreements		(11,364,088	)		-0-			-0-			(11,364,088	)
Total	$	108,691,789		$	5,135,664,341		$	4,027,134		$	5,248,383,264

# The Fund held securities with zero market value at period end.

* Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the three months ended December 31, 2022 is as follows:

Fund	Market Value 9/30/22 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Realized Gain (000)		Change in Unrealized Appr. (Depr.) (000)			Market Value 12/31/22 (000)		Dividend Income (000)
Government Money Market Portfolio	$	64,626	$	563,789	$	536,997	$	-0-	$	-0-		$	91,418	$	742
Golden Energy Offshore Services AS		562		-0-		-0-		-0-		(165	)		397		-0-
Total							$	-0-	$	(165	)	$	91,815	$	742

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