Asset-Backed Securities - 9.0%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
BAILIWICK OF JERSEY - 0.4%
|
|||
Fortress Credit Bsl Xv Ltd Series 2024-2A Class AR, CME Term SOFR 3 month Index + 1.4%, 5.0676% 10/18/2033 (b)(c)(d)
|
1,963,142
|
1,963,814
|
|
Hartwick Park Clo Ltd Series 2024-1A Class AR, CME Term SOFR 3 month Index + 1.16%, 4.8276% 1/20/2037 (b)(c)(d)
|
2,899,000
|
2,902,740
|
|
Neuberger Berman Ln Advisers Nbla CLO Ltd / Neuberger Berman Ln Series 2026-50A Class AR2, CME Term SOFR 3 month Index + 1.04%, 4.6989% 7/23/2036 (b)(c)(d)
|
3,825,000
|
3,825,516
|
|
Neuberger Berman Loan Advisers CLO Ltd Series 2026-51A Class AR2, CME Term SOFR 3 month Index + 1%, 4.6677% 10/23/2036 (b)(c)(d)
|
2,025,000
|
2,024,990
|
|
Symphony CLO Ltd Series 2026-37A Class AR2, CME Term SOFR 3 month Index + 1.13%, 4.7951% 1/20/2037 (b)(c)(d)
|
1,815,000
|
1,815,575
|
|
Valley Stream Pk Clo Ltd / Vy Stream Pk Clo LLC Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.19%, 4.8576% 1/20/2037 (b)(c)(d)
|
1,526,000
|
1,527,271
|
|
TOTAL BAILIWICK OF JERSEY
|
14,059,906
|
||
CANADA - 0.1%
|
|||
Chesapeake Funding II LLC Series 2023-1A Class A1, 5.65% 5/15/2035 (d)
|
432,581
|
434,558
|
|
Chesapeake Funding II LLC Series 2023-2A Class A1, 6.16% 10/15/2035 (d)
|
106,175
|
107,291
|
|
Chesapeake Funding II LLC Series 2024-1A Class A1, 5.52% 5/15/2036 (d)
|
255,249
|
258,456
|
|
Securitized Term Auto Receivables Trust Series 2025-A Class B, 5.038% 7/25/2031 (d)
|
738,300
|
746,197
|
|
Securitized Term Auto Receivables Trust Series 2025-B Class B, 4.925% 12/29/2032 (d)
|
176,266
|
178,257
|
|
Securitized Term Auto Receivables Trust Series 2025-B Class C, 5.121% 12/29/2032 (d)
|
66,981
|
67,820
|
|
Securitized Term Auto Receivables Trust Series 2026-A Class B, 4.284% 3/25/2033 (d)
|
547,619
|
550,154
|
|
Securitized Term Auto Receivables Trust Series 2026-A Class C, 4.431% 3/25/2033 (d)
|
198,276
|
199,190
|
|
TOTAL CANADA
|
2,541,923
|
||
GRAND CAYMAN (UK OVERSEAS TER) - 2.7%
|
|||
Alinea Clo Ltd Series 2025-1A Class BR, CME Term SOFR 3 month Index + 1.15%, 4.8176% 7/20/2031 (b)(c)(d)
|
121,064
|
121,125
|
|
Anthelion CLO 2025-1 Ltd Series 2025-1A Class A1, CME Term SOFR 3 month Index + 1.5%, 5.1697% 7/20/2036 (b)(c)(d)
|
1,140,000
|
1,141,777
|
|
Ares Lx Clo Ltd Series 2026-60A Class CR, CME Term SOFR 3 month Index + 1.75%, 5.4176% 7/18/2034 (b)(c)(d)
|
2,830,000
|
2,830,122
|
|
Ares XXXIV CLO Ltd Series 2025-2A Class X, CME Term SOFR 3 month Index + 1%, 4.6676% 7/17/2038 (b)(c)(d)
|
1,578,571
|
1,578,522
|
|
Bain Capital Credit Clo Ltd Series 2025-5A Class ARR, CME Term SOFR 3 month Index + 1.15%, 4.8176% 4/20/2034 (b)(c)(d)
|
1,485,000
|
1,486,405
|
|
Balboa Bay Loan Funding Ltd Series 2025-1A Class ARR, CME Term SOFR 3 month Index + 1.16%, 4.8276% 4/20/2036 (b)(c)(d)
|
1,285,000
|
1,287,994
|
|
Battalion Clo X Ltd / Battalion Clo X LLC Series 2025-10A Class A2R3, CME Term SOFR 3 month Index + 1.75%, 5.418% 1/24/2035 (b)(c)(d)
|
1,945,000
|
1,946,470
|
|
Battalion Clo Xv Ltd / Battalion Clo Xv LLC Series 2025-15A Class A1RR, CME Term SOFR 3 month Index + 0.98%, 4.6476% 1/17/2033 (b)(c)(d)
|
2,374,672
|
2,374,750
|
|
Battalion Clo Xv Ltd / Battalion Clo Xv LLC Series 2025-15A Class CR, CME Term SOFR 3 month Index + 1.9%, 5.5676% 1/17/2033 (b)(c)(d)
|
715,000
|
712,225
|
|
Bluemountain Clo Ltd / Bluemountain Clo LLC Series 2024-3A Class A1R, CME Term SOFR 3 month Index + 1.19%, 4.858% 10/25/2030 (b)(c)(d)
|
218,455
|
218,933
|
|
Bluemountain CLO Ltd Series 2024-3A Class A1R2, CME Term SOFR 3 month Index + 1.2%, 4.8525% 11/15/2030 (b)(c)(d)
|
210,891
|
211,012
|
|
Buckhorn Park Clo Ltd Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.07%, 4.7376% 7/18/2034 (b)(c)(d)
|
2,500,000
|
2,502,308
|
|
Canyon Capital CLO Ltd Series 2025-2A Class AR2, CME Term SOFR 3 month Index + 1.01%, 4.6822% 10/15/2034 (b)(c)(d)
|
990,000
|
990,708
|
|
Chenango Park Clo Ltd Series 2025-1A Class A2R, CME Term SOFR 3 month Index + 1.45%, 5.1222% 4/15/2030 (b)(c)(d)
|
354,382
|
354,429
|
|
Chenango Park Clo Ltd Series 2025-1A Class BR, CME Term SOFR 3 month Index + 1.8%, 5.4722% 4/15/2030 (b)(c)(d)
|
1,200,000
|
1,201,579
|
|
Clover Clo Ltd Series 2025-1A Class ARR, CME Term SOFR 3 month Index + 1%, 4.6676% 4/18/2035 (b)(c)(d)
|
1,635,000
|
1,635,389
|
|
Dryden 45 Senior Loan Fund Series 2024-45A Class BRR, CME Term SOFR 3 month Index + 1.65%, 5.3222% 10/15/2030 (b)(c)(d)
|
1,290,000
|
1,292,067
|
|
Dryden 68 Clo Ltd Series 2024-68A Class ARR, CME Term SOFR 3 month Index + 1.1%, 4.7722% 7/15/2035 (b)(c)(d)
|
2,331,000
|
2,329,138
|
|
Flatiron Clo 28 Ltd / Flatiron Clo LLC Series 2025-1A Class A1R, CME Term SOFR 3 month Index + 1.08%, 4.7522% 7/15/2036 (b)(c)(d)
|
3,497,000
|
3,503,431
|
|
Fortress Credit BSL Ltd Series 2025-1A Class A1R, CME Term SOFR 3 month Index + 1.57%, 5.241% 4/23/2036 (b)(c)(d)
|
265,000
|
265,433
|
|
Fortress Credit Bsl VII Ltd Series 2024-1A Class A2R, CME Term SOFR 3 month Index + 1.4%, 5.071% 7/23/2032 (b)(c)(d)
|
980,000
|
979,603
|
|
Fortress Credit Bsl VII Ltd Series 2024-1A Class BR, CME Term SOFR 3 month Index + 1.65%, 5.321% 7/23/2032 (b)(c)(d)
|
1,250,000
|
1,250,448
|
|
Fortress Credit Bsl VIII Ltd Series 2024-2A Class A1AR, CME Term SOFR 3 month Index + 1.05%, 4.7197% 10/20/2032 (b)(c)(d)
|
506,718
|
506,619
|
|
Fortress Credit Bsl VIII Ltd Series 2024-2A Class A2R, CME Term SOFR 3 month Index + 1.4%, 5.0697% 10/20/2032 (b)(c)(d)
|
2,455,000
|
2,453,861
|
|
Galaxy Xxii Clo Ltd Series 2026-22A Class CR4, CME Term SOFR 3 month Index + 1.6%, 5.2632% 4/16/2034 (b)(c)(d)
|
700,000
|
700,172
|
|
Golub Cap Partners Static Ltd Series 2025-1A Class BR, CME Term SOFR 3 month Index + 1.5%, 5.1676% 7/20/2035 (b)(c)(d)
|
2,930,000
|
2,929,883
|
|
Invesco CLO 2021-3 Ltd Series 2025-3A Class A1R, CME Term SOFR 3 month Index + 1.08%, 4.7492% 10/22/2034 (b)(c)(d)
|
2,820,000
|
2,823,593
|
|
Kkr Clo 34 Ltd Series 2025-34A Class AR, CME Term SOFR 3 month Index + 1.1%, 4.7722% 7/15/2034 (b)(c)(d)
|
845,000
|
846,060
|
|
Kkr Clo 40 Ltd Series 2024-40A Class AR, CME Term SOFR 3 month Index + 1.3%, 4.9676% 10/20/2034 (b)(c)(d)
|
1,980,000
|
1,980,937
|
|
KKR Clo Ltd / KKR Clo LLC Series 2025-18 Class A1R2, CME Term SOFR 3 month Index + 1.05%, 4.7176% 10/18/2035 (b)(c)(d)
|
2,334,188
|
2,336,347
|
|
Kkr Clo Trust Series 2025-33A Class AR, CME Term SOFR 3 month Index + 1.08%, 4.7476% 7/20/2034 (b)(c)(d)
|
1,800,000
|
1,800,815
|
|
Kkr Clo Trust Series 2025-33A Class BR, CME Term SOFR 3 month Index + 1.6%, 5.2676% 7/20/2034 (b)(c)(d)
|
1,145,000
|
1,145,000
|
|
Lcm Ltd Series 2026-39A Class A1R2, CME Term SOFR 3 month Index + 1.04%, 4.703% 10/15/2034 (b)(c)(d)
|
250,000
|
249,999
|
|
Madison Park Funding Xxiv Ltd Series 2024-24A Class CR2, CME Term SOFR 3 month Index + 2.05%, 5.7176% 10/20/2029 (b)(c)(d)
|
855,000
|
855,628
|
|
Madison Park Funding XXXIII Ltd Series 2022-33A Class AR, CME Term SOFR 3 month Index + 1.29%, 4.9622% 10/15/2032 (b)(c)(d)
|
1,673,707
|
1,675,645
|
|
Madison Pk Fdg Xlv Ltd / Madison Pk Fdg Xlv LLC Series 2024-45A Class ARR, CME Term SOFR 3 month Index + 1.08%, 4.7522% 7/15/2034 (b)(c)(d)
|
2,860,000
|
2,862,071
|
|
Magnetite Xxii Ltd / Magnetite Xxii LLC Series 2024-22A Class ARR, CME Term SOFR 3 month Index + 1.25%, 4.9222% 7/15/2036 (b)(c)(d)
|
2,408,000
|
2,409,459
|
|
Magnetite Xxiii Ltd Series 2026-23A Class AR2, CME Term SOFR 3 month Index + 0.99%, 4.6371% 1/25/2035 (b)(c)(d)
|
1,780,000
|
1,781,534
|
|
Marble Point Clo Xv Ltd Series 2024-1A Class A1R2, CME Term SOFR 3 month Index + 1.04%, 4.711% 7/23/2032 (b)(c)(d)
|
1,052,371
|
1,052,805
|
|
Marble Point Clo Xxi Ltd Series 2026-3A Class BR, CME Term SOFR 3 month Index + 1.5%, 5.1679% 10/17/2034 (b)(c)(d)
|
2,100,000
|
2,100,326
|
|
Northwoods Capital Xiv-B Ltd Series 2024-14BA Class AR, CME Term SOFR 3 month Index + 1.25%, 4.8831% 11/13/2031 (b)(c)(d)
|
1,177,539
|
1,180,524
|
|
Octagon Investment Partners XXI Ltd Series 2025-1A Class A2R4, CME Term SOFR 3 month Index + 1.15%, 4.8025% 2/14/2031 (b)(c)(d)
|
1,925,000
|
1,928,425
|
|
Octagon Investment Partners XXI Ltd Series 2025-1A Class AAR4, CME Term SOFR 3 month Index + 0.81%, 4.4625% 2/14/2031 (b)(c)(d)
|
40,048
|
40,059
|
|
Octagon Investment Partners XXI Ltd Series 2025-1A Class BR4, CME Term SOFR 3 month Index + 1.35%, 5.0025% 2/14/2031 (b)(c)(d)
|
760,000
|
760,128
|
|
Oha Credit Funding 22 Ltd Series 2025-22A Class A1, CME Term SOFR 3 month Index + 1.33%, 4.9976% 7/20/2038 (b)(c)(d)
|
1,854,000
|
1,857,727
|
|
Ozlm Funding II Ltd Series 2025-2A Class AR4, CME Term SOFR 3 month Index + 1.2%, 4.8668% 7/30/2037 (b)(c)(d)
|
1,850,000
|
1,850,285
|
|
Ozlm Funding II Ltd Series 2025-2A Class BR4, CME Term SOFR 3 month Index + 1.75%, 5.4168% 7/30/2037 (b)(c)(d)
|
1,710,000
|
1,712,681
|
|
Ozlm Xix Ltd Series 2026-19A Class A1R3, CME Term SOFR 3 month Index + 1%, 4.6633% 1/15/2035 (b)(c)(d)
|
2,155,000
|
2,155,399
|
|
Palmer Square Ln Fdg 2025-2 Ltd / Palmer Square Ln Fdg 2025-2 LLC Series 2025-2A Class A1, CME Term SOFR 3 month Index + 0.94%, 4.6122% 7/15/2033 (b)(c)(d)
|
2,371,897
|
2,373,346
|
|
Palmer Square Loan Funding Ltd Series 2024-2A Class A1N, CME Term SOFR 3 month Index + 1%, 4.6722% 1/15/2033 (b)(c)(d)
|
309,688
|
309,688
|
|
Palmer Square Loan Funding Ltd Series 2026-3A Class BR, CME Term SOFR 3 month Index + 1.45%, 5.1103% 8/8/2032 (b)(c)(d)
|
680,000
|
680,653
|
|
Post CLO Ltd Series 2026-1A Class BR, CME Term SOFR 3 month Index + 1.45%, 5.1121% 4/20/2035 (b)(c)(d)
|
1,065,000
|
1,065,331
|
|
Romark Clo II Ltd Series 2024-2A Class A2R, CME Term SOFR 3 month Index + 1.65%, 5.318% 7/25/2031 (b)(c)(d)
|
2,150,000
|
2,152,614
|
|
RR Ltd Series 2025-16A Class A1R, CME Term SOFR 3 month Index + 1.05%, 4.7222% 7/15/2036 (b)(c)(d)
|
1,100,000
|
1,100,105
|
|
Sound Point Clo Xxii Ltd Series 2024-1A Class BRR, CME Term SOFR 3 month Index + 1.65%, 5.3176% 1/20/2032 (b)(c)(d)
|
250,000
|
250,863
|
|
Stratus Funding CLO 2025-1 Ltd Series 2025-1A Class B, CME Term SOFR 3 month Index + 1.45%, 5.1222% 7/15/2033 (b)(c)(d)
|
620,000
|
620,083
|
|
Symphony Clo Xxiii Ltd Series 2025-23A Class AR2, CME Term SOFR 3 month Index + 0.9%, 4.5722% 1/15/2034 (b)(c)(d)
|
1,410,195
|
1,410,434
|
|
Trinitas Clo VI Ltd / Trinitas Clo VI LLC Series 2025-6A Class AR4, CME Term SOFR 3 month Index + 1.11%, 4.778% 1/25/2034 (b)(c)(d)
|
1,890,000
|
1,891,786
|
|
Voya Clo 2022-1 Ltd / Voya Clo 2022-1 LLC Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.25%, 4.9176% 4/20/2035 (b)(c)(d)
|
1,888,000
|
1,891,415
|
|
Voya CLO Ltd Series 2024-2A Class AR, CME Term SOFR 3 month Index + 1.2%, 4.8676% 7/20/2032 (b)(c)(d)
|
2,308,426
|
2,310,243
|
|
Wellfleet Clo 2021-1 Ltd Series 2025-1A Class BR, CME Term SOFR 3 month Index + 1.65%, 5.3176% 4/20/2034 (b)(c)(d)
|
1,510,000
|
1,511,060
|
|
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
|
89,777,471
|
||
UNITED STATES - 5.8%
|
|||
Affirm Asset Securitization Trust Series 2025-X1 Class A, 5.08% 4/15/2030 (d)
|
164,090
|
164,303
|
|
Affirm Asset Securitization Trust Series 2025-X2 Class A, 4.45% 10/15/2030 (d)
|
2,197,927
|
2,200,441
|
|
Affirm Master Trust Series 2025-2A Class A, 4.67% 7/15/2033 (d)
|
655,000
|
659,671
|
|
Affirm Master Trust Series 2025-2A Class B, 5.06% 7/15/2033 (d)
|
685,000
|
690,163
|
|
Affirm Master Trust Series 2025-3A Class A, 4.45% 10/16/2034 (d)
|
550,000
|
554,092
|
|
Affirm Master Trust Series 2026-1A Class A, 4.37% 2/15/2034 (d)
|
1,385,000
|
1,392,918
|
|
Affirm Master Trust Series 2026-1A Class B, 4.57% 2/15/2034 (d)
|
210,000
|
210,767
|
|
Affirm Master Trust Series 2026-1A Class C, 4.72% 2/15/2034 (d)
|
855,000
|
859,313
|
|
Ally Auto Receivables Trust Series 2023-A Class C, 6.08% 1/17/2034 (d)
|
251,301
|
253,276
|
|
Ally Auto Receivables Trust Series 2025-1 Class A2, 4.03% 7/17/2028
|
2,465,000
|
2,466,485
|
|
Ally Bank/UT Series 2024-A Class C, 6.022% 5/17/2032 (d)
|
108,305
|
110,246
|
|
Ally Bank/UT Series 2024-B Class A2, 4.97% 9/15/2032 (d)
|
146,546
|
147,968
|
|
Ally Bank/UT Series 2024-B Class C, 5.215% 9/15/2032 (d)
|
162,533
|
164,148
|
|
Ally Bank/UT Series 2025-B Class B, 4.501% 9/15/2033 (d)
|
349,321
|
351,445
|
|
Ally Bank/UT Series 2025-B Class C, 4.697% 9/15/2033 (d)
|
746,082
|
751,543
|
|
Americredit Automobile Receivables Trust Series 2023-1 Class C, 5.8% 12/18/2028
|
625,000
|
636,123
|
|
AMSR Trust Series 2021-SFR2 Class A, 1.527% 8/17/2038 (d)
|
2,745,926
|
2,709,871
|
|
Amur Equipment Finance Receivables X LLC Series 2022-1A Class C, 2.37% 4/20/2028 (d)
|
20,172
|
20,149
|
|
Amur Equipment Finance Receivables X LLC Series 2022-1A Class E, 5.02% 12/20/2028 (d)
|
830,000
|
830,771
|
|
Amur Equipment Finance Receivables Xiv LLC Series 2024-2A Class C, 5.38% 7/21/2031 (d)
|
1,553,000
|
1,589,773
|
|
Amur Equipment Finance Receivables Xiv LLC Series 2024-2A Class D, 5.97% 10/20/2031 (d)
|
245,000
|
251,315
|
|
Arbys Funding LLC Series 2020-1A Class A2, 3.237% 7/30/2050 (d)
|
2,121,525
|
2,076,688
|
|
ARI Fleet Lease Trust Series 2024-B Class A2, 5.54% 4/15/2033 (d)
|
465,484
|
468,496
|
|
ARI Fleet Lease Trust Series 2026-A Class A2, 3.96% 11/15/2034 (d)
|
1,345,000
|
1,348,304
|
|
ARI Fleet Lease Trust Series 2026-A Class A3, 4.09% 11/15/2034 (d)
|
100,000
|
100,814
|
|
Autonation Finance Trust Series 2025-1A Class A2, 4.72% 4/10/2028 (d)
|
204,839
|
205,237
|
|
AutoNation Finance Trust Series 2026-1A Class A3, 4.03% 8/12/2030 (d)
|
475,000
|
477,653
|
|
Auxilior Term Funding LLC Series 2023-1A Class D, 7.27% 12/16/2030 (d)
|
1,055,000
|
1,092,947
|
|
Auxilior Term Funding LLC Series 2023-1A Class E, 10.97% 12/15/2032 (d)
|
230,000
|
251,480
|
|
Auxilior Term Funding LLC Series 2024-1A Class A3, 5.49% 7/15/2031 (d)
|
485,000
|
492,779
|
|
Avis Budget Rental Car Funding AESOP LLC Series 2024-2A Class C, 6.18% 10/20/2027 (d)
|
210,000
|
211,215
|
|
Avis Budget Rental Car Funding AESOP LLC Series 2024-5A Class C, 6.24% 4/20/2027 (d)
|
100,000
|
100,178
|
|
Avis Budget Rental Car Funding AESOP LLC Series 2025-3A Class B, 4.46% 2/20/2030 (d)
|
175,000
|
175,812
|
|
Avis Budget Rental Car Funding AESOP LLC Series 2025-3A Class C, 4.95% 2/20/2030 (d)
|
100,000
|
100,556
|
|
Battalion Clo Xii Ltd Series 2025-12A Class BRR, CME Term SOFR 3 month Index + 1.2%, 4.8525% 5/17/2031 (b)(c)(d)
|
945,000
|
946,445
|
|
Battalion Clo Xii Ltd Series 2025-12A Class CRR, CME Term SOFR 3 month Index + 1.55%, 5.2025% 5/17/2031 (b)(c)(d)
|
1,020,000
|
1,020,031
|
|
Battalion Clo Xxi Ltd / Battalion Clo Xxi LLC Series 2025-21A Class AR, CME Term SOFR 3 month Index + 1.15%, 4.8222% 7/15/2034 (b)(c)(d)
|
1,535,000
|
1,536,276
|
|
Battalion Clo Xxi Ltd / Battalion Clo Xxi LLC Series 2025-21A Class BR, CME Term SOFR 3 month Index + 1.7%, 5.3722% 7/15/2034 (b)(c)(d)
|
570,000
|
569,996
|
|
Bayview Opportunity Master Fund VII LLC Series 2024-CAR1 Class A, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 12/26/2031 (b)(c)(d)
|
171,403
|
171,868
|
|
Bayview Opportunity Master Fund VII LLC Series 2025-EDU1 Class A, U.S. 30-Day Avg. SOFR Index + 1.3%, 4.9672% 7/27/2048 (b)(c)(d)
|
302,179
|
301,817
|
|
Bayview Opportunity Master Fund VII LLC Series 2025-EDU1 Class B, U.S. 30-Day Avg. SOFR Index + 1.7%, 5.3672% 7/27/2048 (b)(c)(d)
|
781,350
|
779,920
|
|
Blue Owl Asset Leasing Trust LLC Series 2024-1A Class A2, 5.05% 3/15/2029 (d)
|
363,291
|
364,652
|
|
Blue Owl Asset Leasing Trust LLC Series 2024-1A Class B, 5.41% 3/15/2030 (d)
|
240,000
|
242,701
|
|
BofA Auto Trust Series 2025-1A Class A2A, 4.52% 11/22/2027 (d)
|
374,618
|
375,210
|
|
BRE Grand Islander Timeshare Issuer Series 2019-A Class A, 3.28% 9/26/2033 (d)
|
374,771
|
373,649
|
|
Bridgecrest Lending Auto Securitization Trust Series 2026-1 Class C, 4.44% 11/17/2031
|
840,000
|
845,541
|
|
Capital One Prime Auto Receivables Trust Series 2024-1 Class A2A, 4.61% 10/15/2027
|
493,120
|
493,559
|
|
Capital One Prime Auto Receivables Trust Series 2025-1 Class A2A, 3.88% 1/16/2029
|
2,600,000
|
2,602,016
|
|
CarMax Auto Owner Trust Series 2023-2 Class C, 5.57% 11/15/2028
|
955,000
|
970,747
|
|
CarMax Auto Owner Trust Series 2023-2 Class D, 6.55% 10/15/2029
|
635,000
|
651,362
|
|
CarMax Auto Owner Trust Series 2023-3 Class C, 5.61% 2/15/2029
|
975,000
|
994,070
|
|
CarMax Auto Owner Trust Series 2023-3 Class D, 6.44% 12/16/2030
|
350,000
|
359,194
|
|
CarMax Auto Owner Trust Series 2024-1 Class C, 5.47% 8/15/2029
|
505,000
|
517,267
|
|
CarMax Auto Owner Trust Series 2024-2 Class D, 6.42% 10/15/2030
|
70,000
|
72,734
|
|
CarMax Auto Owner Trust Series 2024-3 Class D, 5.67% 1/15/2031
|
255,000
|
262,153
|
|
CarMax Auto Owner Trust Series 2025-3 Class A2A, 4.42% 8/15/2028
|
2,070,838
|
2,075,192
|
|
Carmax Auto Owner Trust Series 2025-4 Class A2A, 3.95% 3/15/2029
|
2,015,000
|
2,017,306
|
|
CarMax Select Receivables Trust Series 2024-A Class A2A, 5.78% 9/15/2027
|
10,819
|
10,831
|
|
CarMax Select Receivables Trust Series 2024-A Class B, 5.35% 1/15/2030
|
270,000
|
274,626
|
|
CarMax Select Receivables Trust Series 2024-A Class C, 5.62% 1/15/2030
|
1,150,000
|
1,180,622
|
|
Carvana Auto Receivables Trust 2025-P2 Series 2025-P2 Class A2, 4.56% 8/10/2028
|
1,233,120
|
1,235,264
|
|
Carvana Auto Receivables Trust Series 2021-P4 Class B, 1.98% 2/10/2028
|
445,000
|
438,110
|
|
Carvana Auto Receivables Trust Series 2022-N1 Class C, 3.32% 12/11/2028 (d)
|
49,621
|
49,190
|
|
Carvana Auto Receivables Trust Series 2024-N2 Class B, 5.67% 9/10/2030 (d)
|
815,000
|
823,731
|
|
Carvana Auto Receivables Trust Series 2024-N2 Class C, 5.82% 9/10/2030 (d)
|
1,620,000
|
1,654,882
|
|
Carvana Auto Receivables Trust Series 2024-P4 Class A2, 4.62% 2/10/2028
|
85,756
|
85,777
|
|
Carvana Auto Receivables Trust Series 2025-P1 Class A2, 4.5% 6/12/2028
|
174,044
|
174,181
|
|
Carvana Auto Receivables Trust Series 2025-P3 Class A2, 4.07% 2/12/2029
|
1,805,935
|
1,806,665
|
|
Chase Auto Credit Linked Notes Series 2025-1 Class B, 4.753% 2/25/2033 (d)
|
530,083
|
534,662
|
|
CyrusOne Data Centers Issuer I LLC Series 2024-2A Class A2, 4.5% 5/20/2049 (d)
|
1,500,000
|
1,481,859
|
|
Dell Equip Fin Trust Series 2025-1 Class A2, 4.68% 7/22/2027 (d)
|
262,630
|
263,345
|
|
Dell Equip Fin Trust Series 2025-1 Class C, 5.25% 2/24/2031 (d)
|
100,000
|
101,805
|
|
Dell Equipment Finance Trust Series 2023-3 Class D, 6.75% 10/22/2029 (d)
|
100,000
|
100,555
|
|
Dell Equipment Finance Trust Series 2024-1 Class D, 6.12% 9/23/2030 (d)
|
195,000
|
197,512
|
|
Dell Equipment Finance Trust Series 2024-2 Class A2, 4.69% 8/22/2030 (d)
|
633,887
|
634,845
|
|
Dell Equipment Finance Trust Series 2024-2 Class B, 4.82% 8/22/2030 (d)
|
105,000
|
106,022
|
|
Dell Equipment Finance Trust Series 2024-2 Class D, 5.29% 2/24/2031 (d)
|
865,000
|
872,883
|
|
Dext Abs LLC Series 2025-1 Class A2, 4.59% 8/16/2027 (d)
|
357,852
|
358,662
|
|
Dext Abs LLC Series 2025-2 Class A3, 4.23% 4/15/2036 (d)
|
100,000
|
100,331
|
|
Dext Abs LLC Series 2025-2 Class C, 4.89% 4/15/2036 (d)
|
150,000
|
151,202
|
|
DLLAA LLC Series 2025-1A Class A2, 4.7% 10/20/2027 (d)
|
601,777
|
603,808
|
|
DLLAA Series 2023-1A Class A3, 5.64% 2/22/2028 (d)
|
438,569
|
443,117
|
|
Dllad LLC Series 2025-1A Class A2, 4.46% 11/20/2028 (d)
|
1,400,000
|
1,407,120
|
|
DLLAD Series 2024-1A Class A2, 5.5% 8/20/2027 (d)
|
273,377
|
274,358
|
|
DLLMT LLC Series 2026-1A Class A3, 4.2% 12/20/2029 (d)
|
160,000
|
161,114
|
|
DLLMT LLC Series 2026-1A Class A4, 4.36% 9/20/2033 (d)
|
45,000
|
45,558
|
|
DLLST Series 2024-1A Class A3, 5.05% 8/20/2027 (d)
|
135,299
|
135,843
|
|
DLLST Series 2024-1A Class A4, 4.93% 4/22/2030 (d)
|
65,000
|
65,588
|
|
Drive Auto Receivables Trust Series 2024-2 Class C, 4.67% 5/17/2032
|
475,000
|
479,082
|
|
Drive Auto Receivables Trust Series 2025-2 Class C, 4.39% 9/15/2032
|
380,000
|
382,161
|
|
DRIVE Series 2025-1 Class A2, 4.87% 8/15/2028
|
455,787
|
456,413
|
|
Eart Series 2025-5A Class B, 4.28% 7/15/2030
|
840,000
|
846,063
|
|
Elara Hgv Timeshare Issuer LLC Series 2023-A Class A, 6.16% 2/25/2038 (d)
|
150,041
|
155,903
|
|
Elara Hgv Timeshare Issuer LLC Series 2023-A Class C, 7.3% 2/25/2038 (d)
|
205,441
|
213,623
|
|
Enterprise Fleet Financing 2025-2 LLC Series 2025-2 Class A2, 4.51% 2/22/2028 (d)
|
2,509,291
|
2,519,109
|
|
Enterprise Fleet Financing LLC Series 2022-3 Class A2, 4.38% 7/20/2029 (d)
|
975
|
974
|
|
Enterprise Fleet Financing LLC Series 2023-3 Class A2, 6.4% 3/20/2030 (d)
|
288,183
|
291,540
|
|
Enterprise Fleet Financing LLC Series 2024-1 Class A2, 5.23% 3/20/2030 (d)
|
1,202,420
|
1,211,266
|
|
Enterprise Fleet Financing LLC Series 2024-3 Class A2, 5.31% 4/20/2027 (d)
|
587,169
|
588,934
|
|
Enterprise Fleet Financing LLC Series 2024-3 Class A4, 5.06% 3/20/2031 (d)
|
205,000
|
210,340
|
|
Enterprise Fleet Financing LLC Series 2024-4 Class A2, 4.69% 7/20/2027 (d)
|
1,608,009
|
1,613,228
|
|
Enterprise Fleet Financing LLC Series 2025-1 Class A2, 4.65% 10/20/2027 (d)
|
1,632,699
|
1,639,089
|
|
Enterprise Fleet Financing Series 2024-2 Class A2, 5.74% 12/20/2026 (d)
|
90,420
|
90,644
|
|
Exeter Automobile Receivables Trust Series 2023-1A Class D, 6.69% 6/15/2029
|
71,555
|
72,657
|
|
Exeter Automobile Receivables Trust Series 2025-3A Class A2, 4.83% 1/18/2028
|
696,265
|
697,207
|
|
Exeter Automobile Receivables Trust Series 2025-4A Class A2, 4.53% 3/15/2028
|
1,277,455
|
1,279,230
|
|
Exeter Automobile Receivables Trust Series 2025-4A Class B, 4.4% 5/15/2030
|
255,000
|
257,057
|
|
Exeter Automobile Receivables Trust Series 2025-4A Class C, 4.57% 6/16/2031
|
915,000
|
924,626
|
|
Exeter Automobile Receivables Trust Series 2026-1A Class B, 4.22% 10/15/2030
|
275,000
|
276,614
|
|
Exeter Automobile Receivables Trust Series 2026-1A Class C, 4.4% 5/17/2032
|
800,000
|
805,640
|
|
Exeter Select Automobile Receivables Trust Series 2025-1 Class A2, 4.83% 10/16/2028
|
39,910
|
40,011
|
|
Exeter Select Automobile Receivables Trust Series 2025-1 Class B, 4.87% 8/15/2031
|
480,000
|
486,829
|
|
Exeter Select Automobile Receivables Trust Series 2025-2 Class A2, 4.54% 6/15/2029
|
974,580
|
977,069
|
|
Exeter Select Automobile Receivables Trust Series 2025-2 Class B, 4.63% 11/17/2031
|
265,000
|
268,589
|
|
Exeter Select Automobile Receivables Trust Series 2025-2 Class C, 4.91% 12/15/2031
|
540,000
|
549,079
|
|
Fiaot Series 2025-1A Class A2, 4.31% 12/15/2028 (d)
|
1,585,000
|
1,587,497
|
|
Flatiron Clo 23 LLC Series 2025-1A Class AR, CME Term SOFR 3 month Index + 1.24%, 4.9076% 4/17/2036 (b)(c)(d)
|
2,303,000
|
2,306,851
|
|
Flatiron Rr Clo 22 LLC Series 2025-2A Class AR, CME Term SOFR 3 month Index + 0.91%, 4.5822% 10/15/2034 (b)(c)(d)
|
1,900,000
|
1,899,050
|
|
Ford Credit Auto Lease Trust Series 2023-B Class C, 6.43% 4/15/2027
|
480,704
|
481,602
|
|
Ford Credit Auto Owner Trust Series 2021-2 Class D, 2.6% 5/15/2034 (d)
|
695,000
|
684,057
|
|
Ford Credit Auto Owner Trust Series 2023-A Class B, 5.07% 1/15/2029
|
1,495,000
|
1,511,376
|
|
Ford Credit Floorplan Master Owner Trust A Series 2023-1 Class C, 5.75% 5/15/2028 (d)
|
405,000
|
406,080
|
|
Ford Credit Floorplan Master Owner Trust A Series 2023-1 Class D, 6.62% 5/15/2028 (d)
|
750,000
|
753,087
|
|
Ford Credit Floorplan Master Owner Trust A Series 2024-1 Class B, 5.48% 4/15/2029 (d)
|
550,000
|
558,823
|
|
FORDO Series 2024-B Class A2A, 5.4% 4/15/2027
|
41,778
|
41,811
|
|
Freddie Mac STACR REMIC Trust Series 2023-HQA3 Class A1, U.S. 30-Day Avg. SOFR Index + 1.85%, 5.5172% 11/25/2043 (b)(c)(d)
|
249,372
|
251,387
|
|
GM Financial Automobile Leasing Trust Series 2025-1 Class A2A, 4.54% 5/20/2027 (b)
|
1,791,582
|
1,794,801
|
|
GM Financial Consumer Automobile Receivables Trust Series 2024-4 Class A2A, 4.53% 10/18/2027
|
418,733
|
419,048
|
|
GM Financial Consumer Automobile Receivables Trust Series 2025-2 Class A2A, 4.4% 2/16/2028
|
1,413,079
|
1,415,628
|
|
GMF Floorplan Owner Revolving Trust Series 2023-1 Class A2, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8082% 6/15/2028 (b)(c)(d)
|
1,000,000
|
1,002,138
|
|
GMF Floorplan Owner Revolving Trust Series 2025-1A Class A2, U.S. 30-Day Avg. SOFR Index + 0.6%, 4.2582% 3/15/2029 (b)(c)(d)
|
1,650,000
|
1,654,455
|
|
Goto Foods Funding LLC Series 2017-1A Class A2II, 5.093% 4/30/2047 (d)
|
1,920,813
|
1,918,957
|
|
GreatAmerica Leasing Receivables Funding LLC Series 2025-2 Class A3, 4.14% 12/17/2029 (d)
|
435,000
|
438,965
|
|
Greensky Home Improvement Issuer Trust Series 2025-2A Class A2, 4.93% 6/25/2060 (d)
|
111,969
|
112,427
|
|
Greensky Home Improvement Series 2025-3A Class A1, 4.34% 12/27/2060 (d)
|
1,718,657
|
1,721,999
|
|
Hardee's Funding LLC / Carl's Jr Funding LLC Series 2018-1A Class A23, 5.71% 6/20/2048 (d)
|
667,800
|
667,152
|
|
Hardee's Funding LLC / Carl's Jr Funding LLC Series 2020-1A Class A2, 3.981% 12/20/2050 (d)
|
2,525,823
|
2,447,350
|
|
Hardee's Funding LLC / Carl's Jr Funding LLC Series 2021-1A Class A2, 2.865% 6/20/2051 (d)
|
269,310
|
254,136
|
|
Hilton Grand Vacations Trust 2025-1 Series 2025-1A Class A, 4.88% 5/27/2042 (d)
|
322,457
|
328,389
|
|
Hilton Grand Vacations Trust 2025-1 Series 2025-1A Class B, 5.18% 5/27/2042 (d)
|
552,783
|
562,825
|
|
Hilton Grand Vacations Trust Series 2020-AA Class A, 2.74% 2/25/2039 (d)
|
124,036
|
122,210
|
|
Hilton Grand Vacations Trust Series 2020-AA Class B, 4.22% 2/25/2039 (d)
|
191,102
|
190,099
|
|
Hilton Grand Vacations Trust Series 2022-1D Class A, 3.61% 6/20/2034 (d)
|
86,262
|
85,981
|
|
Hilton Grand Vacations Trust Series 2023-1A Class B, 6.11% 1/25/2038 (d)
|
448,821
|
462,288
|
|
Hilton Grand Vacations Trust Series 2023-1A Class C, 6.94% 1/25/2038 (d)
|
83,236
|
86,203
|
|
Home Partners of America Trust Series 2022-1 Class A, 3.93% 4/17/2039 (d)
|
354,622
|
353,341
|
|
Hotwire Funding LLC Series 2021-1 Class A2, 2.311% 11/20/2051 (d)
|
325,000
|
319,887
|
|
Hpefs Equipment Trust 2023-2 Series 2023-2A Class C, 6.48% 1/21/2031 (d)
|
88,098
|
88,288
|
|
Hpefs Equipment Trust 2023-2 Series 2023-2A Class D, 6.97% 7/21/2031 (d)
|
215,000
|
216,708
|
|
HPEFS Equipment Trust Series 2024-1A Class C, 5.33% 5/20/2031 (d)
|
1,220,000
|
1,225,708
|
|
HPEFS Equipment Trust Series 2024-2A Class B, 5.35% 10/20/2031 (d)
|
170,000
|
171,602
|
|
HPEFS Equipment Trust Series 2024-2A Class D, 5.82% 4/20/2032 (d)
|
420,000
|
428,445
|
|
Huntington Bank Auto Credit-Linked Notes Series 2024-1 Class B1, 6.153% 5/20/2032 (d)
|
530,201
|
539,248
|
|
Huntington Bank Auto Credit-Linked Notes Series 2024-2 Class B1, 5.442% 10/20/2032 (d)
|
1,152,718
|
1,165,667
|
|
Huntington Bank Auto Credit-Linked Notes Series 2025-2 Class B2, U.S. 30-Day Avg. SOFR Index + 1.2%, 4.8615% 9/20/2033 (b)(c)(d)
|
620,013
|
621,718
|
|
Huntington National Bank/The Series 2025-1 Class B, 4.957% 3/21/2033 (d)
|
775,681
|
782,184
|
|
Hyundai Auto Lease Securitization Trust Series 2025-B Class A3, 4.53% 4/17/2028 (d)
|
390,000
|
393,436
|
|
Hyundai Auto Lease Securitization Trust Series 2025-B Class B, 4.94% 8/15/2029 (d)
|
805,000
|
817,458
|
|
Hyundai Auto Lease Securitization Trust Series 2025-C Class A3, 4.36% 7/17/2028 (d)
|
1,700,000
|
1,711,997
|
|
Hyundai Auto Receivables Trust Series 2024-C Class A2A, 4.53% 9/15/2027
|
618,628
|
619,366
|
|
Hyundai Auto Receivables Trust Series 2025-B Class A2A, 4.45% 8/15/2028
|
1,247,868
|
1,251,537
|
|
Hyundai Auto Receivables Trust Series 2026-A Class C, 4.31% 6/15/2033
|
165,000
|
166,113
|
|
Jack in the Box Funding LLC Series 2022-1A Class A2I, 3.445% 2/26/2052 (d)
|
1,990,880
|
1,941,748
|
|
John Deere Owner Trust Series 2024-C Class A2B, U.S. 30-Day Avg. SOFR Index + 0.43%, 4.0882% 8/16/2027 (b)(c)
|
550,762
|
550,962
|
|
JP Morgan Mortgage Trust Series 2025-HE3 Class A1, U.S. 30-Day Avg. SOFR Index + 1.35%, 5.0115% 3/20/2056 (b)(c)(d)
|
411,801
|
413,114
|
|
Juniper Valley Park CLO LLC Series 2025-1A Class ARR, CME Term SOFR 3 month Index + 1.08%, 4.7476% 7/20/2036 (b)(c)(d)
|
2,500,000
|
2,501,671
|
|
Kubota Credit Owner Trust 2025-2 Series 2025-2A Class A2, 4.48% 4/17/2028 (d)
|
1,085,000
|
1,090,192
|
|
Kubota Credit Owner Trust Series 2024-2A Class A2, 5.45% 4/15/2027 (d)
|
194,962
|
195,372
|
|
Kubota Credit Owner Trust Series 2025-1A Class A2, 4.61% 12/15/2027 (d)
|
1,967,643
|
1,975,264
|
|
M&T Equipment Notes Series 2025-1A Class A2, 4.7% 12/16/2027 (d)
|
1,001,294
|
1,005,935
|
|
Marlette Funding Trust 2025-1 Series 2025-1A Class A, 4.75% 7/16/2035 (d)
|
79,192
|
79,308
|
|
Marriott Vacations Worldwide Owner Trust Series 2023-2A Class A, 6.18% 11/20/2040 (d)
|
129,855
|
133,813
|
|
Marriott Vacations Worldwide Owner Trust Series 2023-2A Class B, 6.33% 11/20/2040 (d)
|
83,353
|
85,426
|
|
Mercedes-Benz Auto Lease Trust Series 2024-A Class A2A, 5.44% 2/16/2027
|
38,210
|
38,240
|
|
Merchants Fleet Funding LLC Series 2025-1A Class A, 4.49% 1/20/2039 (d)
|
850,000
|
857,124
|
|
MMAF Equipment Finance LLC Series 2021-A Class A5, 1.19% 11/13/2043 (d)
|
215,000
|
214,741
|
|
Mtg Pass Thru Ctf Series 2021-INV1 Class A1, 0.852% 1/25/2056 (b)(d)
|
35,978
|
35,288
|
|
MVW LLC Series 2020-1A Class A, 1.74% 10/20/2037 (d)
|
128,504
|
127,005
|
|
MVW LLC Series 2020-1A Class B, 2.73% 10/20/2037 (d)
|
90,673
|
89,873
|
|
MVW LLC Series 2021-1WA Class B, 1.44% 1/22/2041 (d)
|
32,841
|
31,911
|
|
MVW LLC Series 2021-1WA Class C, 1.94% 1/22/2041 (d)
|
52,389
|
50,962
|
|
MVW LLC Series 2023-1A Class A, 4.93% 10/20/2040 (d)
|
424,107
|
430,258
|
|
Navient Private Education Loan Trust Series 2019-D Class A2A, 3.01% 12/15/2059 (d)
|
150,310
|
147,255
|
|
Navient Private Education Loan Trust Series 2020-CA Class A2A, 2.15% 11/15/2068 (d)
|
938,749
|
908,791
|
|
Navient Private Education Refi Loan Trust Series 2019-A Class A2A, 3.42% 1/15/2043 (d)
|
86,589
|
86,433
|
|
Navient Private Education Refi Loan Trust Series 2019-GA Class A, 2.4% 10/15/2068 (d)
|
93,339
|
91,255
|
|
Navient Private Education Refi Loan Trust Series 2020-DA Class A, 1.69% 5/15/2069 (d)
|
169,061
|
162,202
|
|
Navient Refinance Loan Trust Series 2026-A Class A, 4.5% 1/18/2056 (d)
|
425,000
|
425,909
|
|
Navient Student Loan Trust Series 2019-EA Class A2A, 2.64% 5/15/2068 (d)
|
184,420
|
182,109
|
|
Navistar Financial Dealer Note Master Trust Series 2024-1 Class B, 5.79% 4/25/2029 (d)
|
100,000
|
100,215
|
|
Navistar Financial Dealer Note Master Trust Series 2024-1 Class C, 6.13% 4/25/2029 (d)
|
155,000
|
155,355
|
|
Navistar Financial Dealer Note Master Trust Series 2025-1 Class B, 4.42% 9/25/2030 (d)
|
150,000
|
150,360
|
|
Navistar Financial Dealer Note Master Trust Series 2025-1 Class C, 4.72% 9/25/2030 (d)
|
70,000
|
70,184
|
|
Nelnet Student Loan Trust Series 2020-1A Class A, CME Term SOFR 1 month Index + 0.8545%, 4.5282% 3/26/2068 (b)(c)(d)
|
130,666
|
130,413
|
|
Nelnet Student Loan Trust Series 2021-CA Class AFX, 1.32% 4/20/2062 (d)
|
541,829
|
514,084
|
|
Nelnet Student Loan Trust Series 2021-DA Class AFX, 1.63% 4/20/2062 (d)
|
189,463
|
181,362
|
|
NMEF Funding LLC Series 2026-A Class B, 4.48% 2/15/2034 (d)
|
100,000
|
100,455
|
|
NMEF Funding LLC Series 2026-A Class C, 4.71% 2/15/2034 (d)
|
170,000
|
171,170
|
|
Octane Receivable Trust Series 2024-1A Class A2, 5.68% 5/20/2030 (d)
|
121,010
|
121,818
|
|
Octane Receivables Trust Series 2023-3A Class B, 6.48% 7/20/2029 (d)
|
230,000
|
232,471
|
|
Octane Receivables Trust Series 2023-3A Class C, 6.74% 8/20/2029 (d)
|
100,000
|
102,265
|
|
Octane Receivables Trust Series 2024-3A Class A2, 4.94% 5/20/2030 (d)
|
672,453
|
675,253
|
|
Octane Receivables Trust Series 2024-3A Class C, 5.51% 10/20/2031 (d)
|
300,000
|
307,087
|
|
Octane Receivables Trust Series 2024-RVM1 Class A, 5.01% 1/22/2046 (d)
|
236,725
|
240,987
|
|
Octane Receivables Trust Series 2025-RVM1 Class B, 4.83% 12/20/2046 (d)
|
455,000
|
459,787
|
|
Octane Receivables Trust Series 2025-RVM1 Class C, 5.26% 12/20/2046 (d)
|
935,000
|
952,605
|
|
Optn Series 2026-A Class A, 4.32% 1/9/2034 (d)
|
200,000
|
200,640
|
|
PEAC Solutions Receivables LLC Series 2026-1A Class A2, 4.27% 10/20/2028 (d)
|
545,000
|
546,317
|
|
PEAC Solutions Receivables LLC Series 2026-1A Class B, 4.75% 7/20/2033 (d)
|
630,000
|
636,965
|
|
Peac Solutions Receivables Series 2025-1A Class A2, 4.94% 10/20/2028 (d)
|
551,303
|
554,579
|
|
Peac Solutions Receivables Series 2025-1A Class A3, 5.04% 7/20/2032 (d)
|
510,000
|
521,006
|
|
Post Road Equipment Finance LLC Series 2025-1A Class A2, 4.9% 5/15/2031 (d)
|
192,695
|
194,394
|
|
Post Road Equipment Finance Series 2024-1A Class A2, 5.59% 11/15/2029 (d)
|
20,101
|
20,167
|
|
Progress Residential Trust Series 2021-SFR8 Class B, 1.681% 10/17/2038 (d)
|
496,000
|
488,226
|
|
Progress Residential Trust Series 2021-SFR8 Class C, 1.931% 10/17/2038 (d)
|
2,225,000
|
2,192,000
|
|
RCKT Trust Series 2025-1A Class A, 4.9% 7/25/2034 (d)
|
107,576
|
107,831
|
|
Rcktl Series 2025-2A Class A, 4.48% 11/27/2034 (d)
|
228,663
|
228,893
|
|
RKTL Series 2026-1A Class A, 4.07% 2/26/2035 (d)
|
1,140,000
|
1,141,297
|
|
Sabey Data Ctr Issuer LLC Series 2021-1 Class A2, 1.881% 6/20/2046 (d)
|
733,000
|
725,551
|
|
Santander Bank Auto Credit Linked Notes Series 2024-B Class B, 4.965% 1/18/2033 (d)
|
204,400
|
205,889
|
|
Santander Bank Auto Credit Linked Notes Series 2024-B Class C, 5.141% 1/18/2033 (d)
|
273,896
|
276,166
|
|
Santander Bank NA - Sbcln Series 2023-B Class A2, 5.644% 12/15/2033 (d)
|
99,038
|
100,699
|
|
Santander Bank NA - Sbcln Series 2023-B Class D, 6.663% 12/15/2033 (d)
|
264,202
|
268,609
|
|
Santander Bank NA - Sbcln Series 2024-A Class B, 5.622% 6/15/2032 (d)
|
204,548
|
207,462
|
|
Santander Bank NA - Sbcln Series 2024-A Class C, 5.818% 6/15/2032 (d)
|
249,015
|
252,332
|
|
Santander Bank NA - Sbcln Series 2025-A Class B, 4.484% 1/16/2034 (d)
|
250,000
|
251,468
|
|
Santander Bank NA - Sbcln Series 2025-A Class C, 4.661% 1/16/2034 (d)
|
250,000
|
251,622
|
|
Santander Drive Auto Receivables Trust Series 2025-2 Class A2, 4.71% 6/15/2028
|
877,224
|
878,231
|
|
Santander Drive Auto Receivables Trust Series 2025-4 Class B, 4.27% 1/15/2032
|
770,000
|
776,566
|
|
Santander Drive Auto Receivables Trust Series 2026-1 Class A3, 3.93% 7/15/2030
|
670,000
|
671,409
|
|
Santander Mortgage Asset Receivable Trust Series 2025-CES1 Class A1A, 5.036% 9/25/2055 (d)
|
918,043
|
924,946
|
|
SBA Tower Trust Series 2020, 2.328% 7/15/2052 (d)
|
440,000
|
425,154
|
|
SBA Tower Trust Series 2021, 1.631% 5/15/2051 (d)
|
1,149,000
|
1,129,394
|
|
Scf Equipment Leasing Series 2023-1A Class A3, 6.17% 5/20/2032 (d)
|
148,793
|
149,892
|
|
SCLP Series 2025-4 Class A, 4.24% 8/25/2035 (d)
|
1,899,912
|
1,903,579
|
|
SEB Funding LLC Series 2021-1A Class A2, 4.969% 1/30/2052 (d)
|
1,511,213
|
1,511,285
|
|
SEB Funding LLC Series 2024-1A Class A2, 7.386% 4/30/2054 (d)
|
925,000
|
951,096
|
|
SFAST Series 2025-1A Class A2, 4.65% 5/22/2028 (d)
|
644,042
|
644,756
|
|
SFS Auto Receivables Securitization Trust Series 2024-1A Class A3, 4.95% 5/21/2029 (d)
|
453,834
|
456,293
|
|
SFS Auto Receivables Securitization Trust Series 2024-1A Class C, 5.51% 1/20/2032 (d)
|
494,000
|
509,829
|
|
SFS Auto Receivables Securitization Trust Series 2024-3A Class A2, 4.71% 5/22/2028 (d)
|
82,051
|
82,098
|
|
SFS Auto Receivables Securitization Trust Series 2025-2A Class A2, 4.52% 11/20/2028 (d)
|
1,023,534
|
1,025,935
|
|
Sfs Auto Receivables Securitization Trust Series 2025-3A Class A2, 4.11% 3/20/2029 (d)
|
2,067,928
|
2,070,447
|
|
SFS Auto Receivables Securitization Trust Series 2026-1A Class C, 4.46% 11/21/2033 (d)
|
1,590,000
|
1,598,811
|
|
Sfuel Series 2025-BA Class A2, 4.31% 5/22/2028 (d)
|
2,595,000
|
2,603,447
|
|
Sierra Timeshare Receivables Funding LLC Series 2025-2A Class B, 4.93% 4/20/2044 (d)
|
301,197
|
304,936
|
|
Sierra Timeshare Receivables Funding LLC Series 2025-3A Class A, 4.44% 8/22/2044 (d)
|
144,663
|
145,628
|
|
Sierra Timeshare Receivables Funding LLC Series 2025-3A Class B, 4.64% 8/22/2044 (d)
|
229,050
|
230,676
|
|
SMB Private Education Loan Trust Series 2018-B Class A2B, CME Term SOFR 1 month Index + 0.8345%, 4.4941% 1/15/2037 (b)(c)(d)
|
163,967
|
163,841
|
|
SMB Private Education Loan Trust Series 2020-B Class A1A, 1.29% 7/15/2053 (d)
|
113,463
|
108,781
|
|
SMB Private Education Loan Trust Series 2020-PTB Class A2A, 1.6% 9/15/2054 (d)
|
751,803
|
717,455
|
|
SMB Private Education Loan Trust Series 2025-A Class A1A, 5.13% 4/15/2054 (d)
|
541,299
|
555,882
|
|
Sofi Consumer Loan Program Series 2025-3 Class A, 4.47% 8/15/2034 (d)
|
393,288
|
394,395
|
|
Sonic Capital LLC Series 2020-1A Class A2II, 4.336% 1/20/2050 (d)
|
727,650
|
711,759
|
|
Stellantis Financial Underwritten Enhanced Lease Trust Series 2025-CA Class A3, 4.11% 4/20/2029 (d)
|
1,807,000
|
1,819,896
|
|
Stellantis Financial Underwritten Enhanced Lease Trust Series 2025-CA Class C, 4.44% 8/20/2030 (d)
|
70,000
|
70,410
|
|
Tesla Lease Electric Vehicle Securitization LLC Series 2025-A Class A2, 4.14% 6/20/2028 (d)
|
1,787,992
|
1,791,290
|
|
Towd Point Mortgage Trust Series 2019-1 Class A1, 3.7411% 3/25/2058 (b)(d)
|
300,088
|
295,035
|
|
Toyota Auto Receivables Owner Trust Series 2025-B Class A2A, 4.46% 3/15/2028
|
1,780,967
|
1,785,321
|
|
Toyota Lease Owner Trust Series 2025-A Class A2A, 4.58% 7/20/2027 (d)
|
694,697
|
696,085
|
|
Tricon Residential Trust Series 2024-SFR2 Class A, 4.75% 6/17/2040 (d)
|
558,232
|
560,805
|
|
Tricon Residential Trust Series 2024-SFR2 Class D, 6% 6/17/2040 (d)
|
1,020,000
|
1,032,470
|
|
USB Auto Owner Trust 2025-1 Series 2025-1A Class A2, 4.51% 6/15/2028 (d)
|
1,459,825
|
1,462,845
|
|
USCLN Series 2023-1 Class B, 6.789% 8/25/2032 (d)
|
87,888
|
88,758
|
|
Verdant Receivables 2023-1 LLC Series 2023-1A Class A2, 6.24% 1/13/2031 (d)
|
386,653
|
393,065
|
|
Verdant Receivables LLC Series 2024-1A Class A2, 5.68% 12/12/2031 (d)
|
162,077
|
165,162
|
|
Verizon Master Trust Series 2024-6 Class B, 4.42% 8/20/2030
|
1,355,000
|
1,363,967
|
|
Verizon Master Trust Series 2025-3 Class A1A, 4.51% 3/20/2030
|
2,155,000
|
2,172,032
|
|
Volkswagen Auto Lease Trust Series 2025-B Class A2A, 3.97% 4/20/2028
|
2,245,000
|
2,246,945
|
|
Wheels Fleet Lease Funding LLC Series 2023-2A Class A, 6.46% 8/18/2038 (d)
|
145,521
|
147,117
|
|
Wheels Fleet Lease Funding LLC Series 2024-1A Class A1, 5.49% 2/18/2039 (d)
|
710,592
|
718,523
|
|
Wheels Fleet Lease Funding LLC Series 2024-2A Class A1, 4.87% 6/21/2039 (d)
|
490,350
|
495,425
|
|
Wheels Fleet Lease Funding LLC Series 2025-1A Class A2, CME Term SOFR 1 month Index + 0%, 4.9868% 1/18/2040 (b)(c)(d)
|
2,362,045
|
2,372,911
|
|
Wheels Fleet Lease Funding LLC Series 2025-3A Class A1, 4.08% 9/18/2040 (d)
|
365,000
|
366,562
|
|
Wheels Fleet Lease Funding LLC Series 2025-3A Class C, 4.79% 9/18/2040 (d)
|
585,000
|
590,030
|
|
Wingspire Equipment FinanceLLC Series 2025-1A Class A2, 4.33% 9/20/2033 (d)
|
100,000
|
100,373
|
|
Wingspire Equipment FinanceLLC Series 2025-1A Class C, 4.76% 9/20/2033 (d)
|
100,000
|
100,719
|
|
Woart Series 2025-B Class A2A, 4.38% 8/15/2028
|
1,904,090
|
1,907,807
|
|
Woart Series 2025-C Class A2A, 4.19% 10/16/2028
|
2,497,271
|
2,500,844
|
|
World Omni Auto Receivables Trust 2022-A Series 2022-A Class C, 2.55% 9/15/2028
|
600,000
|
599,499
|
|
World Omni Auto Receivables Trust Series 2025-A Class A2A, 4.49% 4/17/2028
|
907,908
|
908,973
|
|
World Omni Select Auto Trust Series 2023-A Class B, 5.87% 8/15/2028
|
280,000
|
281,158
|
|
World Omni Select Auto Trust Series 2025-A Class A2A, 4.14% 5/15/2030
|
1,970,000
|
1,974,411
|
|
Zaxby's Funding LLC Series 2021-1A Class A2, 3.238% 7/30/2051 (d)
|
735,350
|
705,300
|
|
TOTAL UNITED STATES
|
192,057,470
|
||
|
TOTAL ASSET-BACKED SECURITIES
(Cost $296,788,649)
|
298,436,770
|
||
Collateralized Mortgage Obligations - 1.3%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
UNITED STATES - 1.3%
|
|||
Angel Oak Mortgage Trust 2026-2 Series 2026-2 Class AFCF, 4.631% 2/25/2071 (b)(d)
|
1,000,000
|
1,000,000
|
|
Angel Oak Mortgage Trust LLC Series 2020-3 Class A3, 2.872% 4/25/2065 (b)(d)
|
235,619
|
229,594
|
|
Angel Oak Mortgage Trust LLC Series 2022-2 Class A1, 3.353% 1/25/2067 (b)(d)
|
1,314,350
|
1,279,231
|
|
Angel Oak Mortgage Trust Series 2021-1 Class A1, 0.909% 1/25/2066 (d)
|
326,268
|
297,053
|
|
Angel Oak Mortgage Trust Series 2025-5 Class A1, 5.573% 4/25/2070 (d)
|
1,611,512
|
1,629,983
|
|
BINOM Securitization Trust Series 2021-INV1 Class A2, 2.37% 6/25/2056 (d)
|
664,674
|
623,787
|
|
BINOM Securitization Trust Series 2021-INV1 Class A3, 2.625% 6/25/2056 (d)
|
208,525
|
196,033
|
|
CFMT LLC Series 2024-HB13 Class A, 3% 5/25/2034 (b)(d)
|
199,159
|
197,335
|
|
Cim Tr 2021-R6 Series 2021-R6 Class A1, 1.425% 7/25/2061 (d)
|
123,372
|
114,756
|
|
Citigroup Mortgage Loan Trust Series 2020-EXP2 Class A3, 2.5% 8/25/2050 (d)
|
142,876
|
126,148
|
|
Colt Funding LLC Series 2021-1 Class A2, 1.167% 6/25/2066 (d)
|
287,029
|
261,691
|
|
COLT Mortgage Loan Trust Series 2024-6 Class A2, 5.644% 11/25/2069 (d)
|
984,100
|
992,059
|
|
COLT Mortgage Loan Trust Series 2024-INV4 Class A3, 6.111% 5/25/2069 (b)(d)
|
979,270
|
992,922
|
|
COLT Mortgage Loan Trust Series 2025-4 Class A1, 5.794% 4/25/2070 (b)(d)
|
354,783
|
360,131
|
|
Connecticut Ave Secs Trust Series 2025-R06 Class 1M1, U.S. 30-Day Avg. SOFR Index + 0.95%, 4.6172% 9/25/2045 (b)(c)(d)
|
433,718
|
434,402
|
|
Connecticut Avenue Securities Trust Series 2025-R03 Class 2A1, U.S. 30-Day Avg. SOFR Index + 1.45%, 5.1172% 3/25/2045 (b)(c)(d)
|
281,794
|
283,496
|
|
Deephaven Residential Mortgage Trust Series 2021-1 Class A2, 0.973% 5/25/2065 (d)
|
32,420
|
31,582
|
|
Deephaven Residential Mortgage Trust Series 2021-2 Class A3, 1.26% 4/25/2066 (d)
|
140,580
|
127,350
|
|
Deephaven Residential Mortgage Trust Series 2026-INV1 Class A1, 4.797% 12/25/2070 (b)(d)
|
640,664
|
642,518
|
|
EFMT Series 2025-INV2 Class A1, 5.387% 5/26/2070 (d)
|
345,440
|
348,783
|
|
EFMT Series 2025-INV5 Class A1, 0% 12/25/2070 (b)(d)
|
529,764
|
533,649
|
|
EFMT Series 2025-NQM5 Class A1, 0% 11/25/2070 (b)(d)
|
272,197
|
273,758
|
|
EFMT Series 2025-NQM6 Class A1, 0% 12/25/2070 (b)(d)
|
702,365
|
706,343
|
|
EFMT Series 2026-NQM1 Class A1F, 4.8672% 2/25/2071 (d)
|
404,124
|
404,476
|
|
EFMT Trust Series 2024-INV2 Class A2, 5.289% 10/25/2069 (d)
|
458,798
|
460,594
|
|
Ellington Financial Mortgage Trust Series 2019-2 Class A3, 3.046% 11/25/2059 (d)
|
30,051
|
29,627
|
|
Ellington Financial Mortgage Trust Series 2021-3 Class A3, 1.55% 9/25/2066 (d)
|
203,134
|
175,474
|
|
Fannie Mae Guaranteed REMIC Series 2017-90 Class KA, 3% 11/25/2047
|
297,337
|
287,018
|
|
Flagstar Mortgage Trust Series 2020-1INV Class A11, CME Term SOFR 1 month Index + 0.9645%, 4.6382% 3/25/2050 (b)(c)(d)
|
177,999
|
174,535
|
|
Freddie Mac STACR REMIC Trust Series 2021-DNA5 Class M2, U.S. 30-Day Avg. SOFR Index + 1.65%, 5.3172% 1/25/2034 (b)(c)(d)
|
90,484
|
90,877
|
|
Freddie Mac STACR REMIC Trust Series 2021-DNA7 Class M2, U.S. 30-Day Avg. SOFR Index + 1.8%, 5.4672% 11/25/2041 (b)(c)(d)
|
555,000
|
558,880
|
|
Freddie Mac STACR REMIC Trust Series 2022-DNA5 Class M1A, U.S. 30-Day Avg. SOFR Index + 2.95%, 6.6172% 6/25/2042 (b)(c)(d)
|
424,119
|
430,888
|
|
Freddie Mac STACR REMIC Trust Series 2025-DNA1 Class A1, U.S. 30-Day Avg. SOFR Index + 0.95%, 4.6172% 1/25/2045 (b)(c)(d)
|
200,200
|
200,705
|
|
Freddie Mac STACR REMIC Trust Series 2025-DNA4 Class A1, U.S. 30-Day Avg. SOFR Index + 0.9%, 4.5672% 10/25/2045 (b)(c)(d)
|
544,000
|
544,381
|
|
Freddie Mac STACR REMIC Trust Series 2025-DNA4 Class M1, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 10/25/2045 (b)(c)(d)
|
179,879
|
180,158
|
|
Freddie Mac STACR REMIC Trust Series 2026-DNA1 Class M1, U.S. 30-Day Avg. SOFR Index + 1%, 4.6579% 2/25/2046 (b)(c)(d)
|
990,000
|
990,929
|
|
Galton Funding Mortgage Trust Series 2018-1 Class A33, 3.5% 11/25/2057 (d)
|
37,260
|
34,862
|
|
Galton Funding Mortgage Trust Series 2019-1 Class A21, 4.5% 2/25/2059 (d)
|
26,419
|
26,298
|
|
Galton Funding Mortgage Trust Series 2019-1 Class A32, 4% 2/25/2059 (d)
|
13,354
|
13,011
|
|
Galton Funding Mortgage Trust Series 2019-H1 Class M1, 3.339% 10/25/2059 (d)
|
600,000
|
572,052
|
|
Galton Funding Mortgage Trust Series 2020-H1 Class M1, 2.832% 1/25/2060 (d)
|
625,000
|
570,151
|
|
GCAT Trust Series 2025-NQM1 Class A1, 5.373% 11/25/2069 (d)
|
478,734
|
483,138
|
|
GS Mortgage-Backed Securites Trust Series 2014-EB1A Class 2A1, 5.6878% 7/25/2044 (b)(d)
|
2,006
|
2,002
|
|
HOMES 2026-AFC1 Trust Series 2026-AFC1 Class A1, 4.846% 2/25/2061 (b)(d)
|
890,000
|
889,991
|
|
Homes Trust Series 2025-NQM2 Class A1, 5.425% 2/25/2070 (d)
|
429,158
|
433,148
|
|
HOMES Trust Series 2025-NQM4 Class A1, 5.22% 8/25/2070 (b)(d)
|
406,365
|
409,588
|
|
Imperial Fund Mortgage Trust Series 2021-NQM2 Class A3, 1.516% 9/25/2056 (d)
|
310,330
|
271,281
|
|
Imperial Fund Mortgage Trust Series 2022-NQM4 Class A1, 4.767% 6/25/2067 (d)
|
1,084,563
|
1,085,298
|
|
JP Morgan Mortgage Trust Series 2020-INV1 Class A15, 3.5% 8/25/2050 (d)
|
117,934
|
107,138
|
|
JP Morgan Mortgage Trust Series 2025-DSC2 Class A1, 5.195% 10/25/2065 (d)
|
461,326
|
465,475
|
|
JP Morgan Mortgage Trust Series Series 2025-NQM3 Class A1, 5.495% 11/25/2065 (d)
|
639,855
|
647,741
|
|
JPMorgan Mortgage Trust Series 2025-DSC1 Class A1, 5.577% 9/25/2065 (b)(d)
|
962,842
|
975,444
|
|
MAST 2026-1 LLC Series 2026-R01 Class 2A1, U.S. 30-Day Avg. SOFR Index + 0.85%, 4.5172% 1/25/2046 (b)(c)(d)
|
1,553,952
|
1,554,437
|
|
MFA Trust Series 2021-NQM2 Class A2, 1.317% 11/25/2064 (d)
|
136,315
|
124,159
|
|
Morgan Stanley Residential Mortgage Loan Trust Series 2025-DSC2 Class A1, 5.443% 7/25/2070 (b)(d)
|
147,786
|
149,649
|
|
New Residential Mortgage Loan Trust Series 2025-NQM4 Class A1, 5.35% 7/25/2065 (d)
|
635,490
|
645,599
|
|
New Residential Mortgage Loan Trust Series 2025-NQM4 Class A2, 5.603% 7/25/2065 (d)
|
1,270,985
|
1,293,947
|
|
New Residential Mortgage Loan Trust Series 2025-NQM7 Class A2, 5.264% 10/26/2065 (d)
|
472,873
|
475,593
|
|
NRZT Series 2025-NQM6 Class A1, 5.085% 10/25/2065 (b)(d)
|
1,472,532
|
1,481,309
|
|
NYMT Loan Trust Series 2026-INV1 Class A1, 4.766% 2/25/2061 (b)(d)
|
369,245
|
370,083
|
|
OBX Trust Series 2019-EXP2 Class 2A2, CME Term SOFR 1 month Index + 1.3145%, 4.9871% 6/25/2059 (b)(c)(d)
|
44,683
|
44,731
|
|
OBX Trust Series 2020-EXP1 Class 2A1B, CME Term SOFR 1 month Index + 0.8645%, 4.5382% 2/25/2060 (b)(c)(d)
|
955,666
|
941,858
|
|
OBX Trust Series 2020-EXP1 Class 2A2, CME Term SOFR 1 month Index + 1.0645%, 4.7382% 2/25/2060 (b)(c)(d)
|
91,215
|
90,352
|
|
OBX Trust Series 2020-EXP2 Class A9, 3% 5/25/2060 (d)
|
72,161
|
64,811
|
|
OBX Trust Series 2020-INV1 Class A5, 3.5% 12/25/2049 (d)
|
68,506
|
62,725
|
|
OBX Trust Series 2021-NQM1 Class A2, 1.175% 2/25/2066 (d)
|
201,331
|
182,614
|
|
OBX Trust Series 2025-NQM15 Class A1, 5.143% 7/27/2065 (d)
|
274,762
|
276,725
|
|
OBX Trust Series 2025-NQM15 Class A1F, 5.2218% 7/27/2065 (b)(d)
|
287,443
|
287,676
|
|
OBX Trust Series 2025-NQM6 Class A1, 5.603% 3/25/2065 (b)(d)
|
1,129,773
|
1,143,836
|
|
Ocwen Loan Investment Trust Series 2023-HB1 Class A, 3% 6/25/2036 (d)
|
7,019
|
7,010
|
|
Ocwen Loan Investment Trust Series 2025-HB1 Class A, 3% 6/25/2038 (b)(d)
|
266,430
|
262,340
|
|
Ocwen Loan Investment Trust Series 2025-HB2 Class A, 3% 11/25/2038 (b)(d)
|
188,370
|
182,587
|
|
OSS Mortgage Trust Series 2024-H6 Class A2, 5.383% 9/25/2069 (d)
|
1,212,385
|
1,219,403
|
|
RCKT Mortgage Trust Series 2024-CES9 Class A1A, 5.582% 12/25/2044 (d)(e)
|
195,989
|
197,847
|
|
Rocket Mortgage Trust Series 2024-CES8 Class A1A, 5.4896% 11/25/2044 (d)(e)
|
1,000,829
|
1,008,330
|
|
Santander Mortgage Asset Receivable Trust Series 2025-NQM5 Class A1, 5.067% 8/25/2065 (b)(d)
|
105,712
|
106,330
|
|
Santander Mortgage Asset Receivable Trust Series 2025-NQM6 Class A1, 5.138% 11/25/2065 (b)(d)
|
235,172
|
236,871
|
|
Sequoia Mortgage Trust Series 2018-CH2 Class A21, 4% 6/25/2048 (d)
|
29,576
|
27,954
|
|
Sequoia Mortgage Trust Series 2018-CH2 Class A3, 4% 6/25/2048 (d)
|
66,279
|
62,645
|
|
Sequoia Mortgage Trust Series 2018-CH3 Class A19, 4.5% 8/25/2048 (d)
|
1,097
|
1,092
|
|
Spruce Hill Mtg Ln Tr 2022-Sh1 Series 2022-SH1 Class A1A, 4.1% 7/25/2057 (d)(e)
|
2,735,785
|
2,723,816
|
|
Starwood Mortgage Residential Trust Series 2019-INV1 Class A3, 2.916% 9/27/2049 (d)
|
86,043
|
85,493
|
|
Starwood Mortgage Residential Trust Series 2020-1 Class A2, 2.408% 2/25/2050 (d)
|
254,413
|
245,413
|
|
Starwood Mortgage Residential Trust Series 2021-2 Class A1, 0.943% 5/25/2065 (d)
|
153,100
|
148,590
|
|
Starwood Mortgage Residential Trust Series 2021-4 Class A1, 1.162% 8/25/2056 (d)
|
710,277
|
640,870
|
|
Toorak Mortgage Corp Ltd Series 2021-INV1 Class A2, 1.409% 7/25/2056 (d)
|
111,548
|
102,337
|
|
TOWD Point Mortgage Trust Series 2019-HY3 Class M1, CME Term SOFR 1 month Index + 1.6145%, 5.2882% 10/25/2059 (b)(c)(d)
|
420,000
|
421,941
|
|
Towd Point Mortgage Trust Series 2024-2 Class A1B, 4.8333% 12/25/2064 (b)(d)
|
919,367
|
940,579
|
|
Towd Point Mortgage Trust Series 2026-1 Class A1B, 4.419% 1/25/2066 (d)
|
1,197,608
|
1,198,021
|
|
Verus Securitization Trust Series 2021-1 Class A2, 1.052% 1/25/2066 (d)
|
114,606
|
105,869
|
|
Verus Securitization Trust Series 2021-1 Class A3, 1.155% 1/25/2066 (d)
|
67,721
|
62,636
|
|
Verus Securitization Trust Series 2021-2 Class A1, 1.031% 2/25/2066 (d)
|
174,731
|
160,228
|
|
Verus Securitization Trust Series 2021-R1 Class A2, 1.057% 10/25/2063 (d)
|
24,440
|
24,102
|
|
Verus Securitization Trust Series 2021-R2 Class A1, 0.918% 2/25/2064 (d)
|
167,452
|
159,655
|
|
Verus Securitization Trust Series 2023-6 Class A2, 6.939% 9/25/2068 (d)
|
223,025
|
224,446
|
|
Verus Securitization Trust Series 2023-7 Class A2, 7.272% 10/25/2068 (d)
|
91,721
|
92,600
|
|
Verus Securitization Trust Series 2023-8 Class A2, 6.6642% 12/25/2068 (d)
|
179,407
|
181,029
|
|
Verus Securitization Trust Series 2025-3 Class A1, 5.623% 5/25/2070 (b)(d)
|
348,127
|
352,279
|
|
Verus Securitization Trust Series 2025-7 Class A1F, 5.2718% 8/25/2070 (b)(d)
|
815,346
|
816,640
|
|
Vista Point Securitization Trust Series 2020-2 Class A3, 2.496% 4/25/2065 (d)
|
275,396
|
268,844
|
|
TOTAL UNITED STATES
|
44,655,665
|
||
|
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $44,966,863)
|
44,655,665
|
||
Commercial Mortgage Securities - 1.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
UNITED STATES - 1.6%
|
|||
ALA Trust Series 2025-OANA Class A, CME Term SOFR 1 month Index + 1.7426%, 5.4026% 6/15/2040 (b)(c)(d)
|
1,920,000
|
1,929,633
|
|
BANK Series 2024-BNK47 Class A1, 5.523% 6/15/2057
|
149,738
|
152,941
|
|
BANK5 Series 2024-5YR11 Class AS, 6.139% 11/15/2057
|
690,000
|
727,317
|
|
BANK5 Series 2024-5YR12 Class A3, 5.902% 12/15/2057
|
1,090,000
|
1,155,273
|
|
BANK5 Series 2024-5YR12 Class AS, 6.122% 12/15/2057 (b)
|
485,000
|
511,417
|
|
BANK5 Series 2024-5YR9 Class A1, 4.8894% 8/15/2057
|
681,017
|
689,299
|
|
BBCMS Mortgage Trust Series 2026-5C40 Class A1, 4.4309% 2/15/2059
|
90,000
|
90,240
|
|
Benchmark Mortgage Trust Series 2024-V11 Class AM, 6.201% 11/15/2057
|
585,000
|
615,179
|
|
Benchmark Mortgage Trust Series 2024-V6 Class A1, 5.5678% 3/15/2057
|
140,923
|
141,856
|
|
Benchmark Mortgage Trust Series 2025-B41 Class A1, 4.4006% 7/15/2068
|
418,632
|
422,173
|
|
Benchmark Mortgage Trust Series 2025-V19 Class A3, 5.249% 1/15/2058 (b)
|
970,000
|
1,013,383
|
|
Benchmark Mortgage Trust Series 2026-V20 Class A1, 4.332% 2/15/2059
|
215,000
|
216,141
|
|
BFLD Commercial Mortgage Trust Series 2025-5MW Class C, 5.4512% 10/10/2042 (b)(d)
|
300,000
|
306,363
|
|
BLOX Trust Series 2021-BLOX Class A, CME Term SOFR 1 month Index + 1.1145%, 4.7745% 9/15/2026 (b)(c)(d)
|
2,040,000
|
2,027,402
|
|
BLP Commercial Mortgage Trust Series 2024-IND2 Class A, CME Term SOFR 1 month Index + 1.3422%, 5.0018% 3/15/2041 (b)(c)(d)
|
657,055
|
657,055
|
|
BMARK Trust Series 2024-V8 Class A1, 5.514% 7/15/2057
|
337,215
|
343,669
|
|
BMO Mortgage Trust Series 2024-5C4 Class A3, 6.5262% 5/15/2057 (b)
|
1,000,000
|
1,065,789
|
|
BMO Mortgage Trust Series 2026-C14 Class A1, 4.3597% 2/15/2059
|
195,000
|
196,331
|
|
BMO Series 2024-C8 Class A1, 5.5422% 3/15/2057
|
348,613
|
352,528
|
|
BX Commercial Mortgage Trust 24-MDHS Series 2024-MDHS Class A, 5.301% 5/15/2041 (b)(d)
|
675,827
|
676,249
|
|
BX Commercial Mortgage Trust 24-MDHS Series 2024-MDHS Class B, CME Term SOFR 1 month Index + 1.841%, 5.5007% 5/15/2041 (b)(c)(d)
|
696,500
|
697,371
|
|
BX Commercial Mortgage Trust Series 2021-PAC Class A, CME Term SOFR 1 month Index + 0.8036%, 4.4636% 10/15/2036 (b)(c)(d)
|
1,872,000
|
1,868,490
|
|
BX Commercial Mortgage Trust Series 2022-LP2 Class A, CME Term SOFR 1 month Index + 1.0129%, 4.6726% 2/15/2039 (b)(c)(d)
|
314,923
|
314,824
|
|
BX Commercial Mortgage Trust Series 2024-GPA3 Class A, CME Term SOFR 1 month Index + 1.2928%, 4.9525% 12/15/2039 (b)(c)(d)
|
217,987
|
218,055
|
|
BX Commercial Mortgage Trust Series 2024-GPA3 Class B, CME Term SOFR 1 month Index + 1.6423%, 5.302% 12/15/2039 (b)(c)(d)
|
560,649
|
561,000
|
|
BX Commercial Mortgage Trust Series 2024-SLCT Class B, CME Term SOFR 1 month Index + 1.7928%, 5.4524% 1/15/2042 (b)(c)(d)
|
410,000
|
410,256
|
|
BX Commercial Mortgage Trust Series 2024-SLCT Class C, CME Term SOFR 1 month Index + 2.392%, 6.0516% 1/15/2042 (b)(c)(d)
|
1,045,000
|
1,045,653
|
|
BX Commercial Mortgage Trust Series 2026-CSMO Class C, CME Term SOFR 1 month Index + 2%, 5.6672% 2/15/2043 (b)(c)(d)
|
310,000
|
310,775
|
|
BX Commercial Mortgage Trust Series 2026-XL6 Class A, CME Term SOFR 1 month Index + 1.2%, 4.87% 3/15/2043 (b)(c)(d)
|
936,000
|
936,589
|
|
BX Trust 2025-ROIC Series 2025-ROIC Class A, CME Term SOFR 1 month Index + 1.1438%, 4.8035% 3/15/2030 (b)(c)(d)
|
1,916,895
|
1,914,499
|
|
BX Trust Series 2021-ACNT Class A, CME Term SOFR 1 month Index + 0.9645%, 4.6245% 11/15/2038 (b)(c)(d)
|
1,373,084
|
1,372,655
|
|
BX Trust Series 2021-BXMF Class A, CME Term SOFR 1 month Index + 0.7504%, 4.4104% 10/15/2026 (b)(c)(d)
|
1,228,327
|
1,227,943
|
|
BX Trust Series 2024-XL4 Class A, CME Term SOFR 1 month Index + 1.442%, 5.1017% 2/15/2039 (b)(c)(d)
|
831,950
|
831,950
|
|
BX Trust Series 2025-DIME Class A, CME Term SOFR 1 month Index + 1.15%, 4.8097% 2/15/2035 (b)(c)(d)
|
139,000
|
138,811
|
|
BX Trust Series 2025-GW Class A, CME Term SOFR 1 month Index + 1.6%, 5.26% 7/15/2042 (b)(c)(d)
|
1,150,000
|
1,151,438
|
|
BX Trust Series 2025-VOLT Class A, CME Term SOFR 1 month Index + 1.7%, 5.3597% 12/15/2044 (b)(c)(d)
|
815,000
|
815,764
|
|
BX Trust Series 2025-VOLT Class B, CME Term SOFR 1 month Index + 2.1%, 5.7597% 12/15/2044 (b)(c)(d)
|
1,125,000
|
1,127,105
|
|
Cent Trust Series 2025-CITY Class A, 4.92% 7/10/2040 (b)(d)
|
860,000
|
881,620
|
|
COMM Mortgage Trust Series 2014-CR15 Class B, 3.8837% 2/10/2047 (b)
|
320,341
|
315,572
|
|
DBC Mortgage Trust Series 2025-DBC Class A, CME Term SOFR 1 month Index + 1.35%, 5.01% 11/15/2042 (b)(c)(d)
|
1,110,000
|
1,111,041
|
|
Extended Stay America Trust Series 2025-ESH Class A, CME Term SOFR 1 month Index + 1.3%, 4.9597% 10/15/2042 (b)(c)(d)
|
1,165,000
|
1,166,457
|
|
Extended Stay America Trust Series 2025-ESH Class C, CME Term SOFR 1 month Index + 1.85%, 5.5097% 10/15/2042 (b)(c)(d)
|
435,000
|
436,090
|
|
Extended Stay America Trust Series 2026-ESH2 Class A, CME Term SOFR 1 month Index + 1.2%, 4.87% 2/15/2043 (b)(c)(d)
|
1,016,000
|
1,016,318
|
|
Freddie Mac Multifamily Structured pass-thru certificates Series 2023-K753 Class A1, 4.6% 6/25/2030
|
527,666
|
538,942
|
|
Hilt Commercial Mortgage Trust Series 2024-ORL Class B, CME Term SOFR 1 month Index + 1.9407%, 5.6003% 5/15/2037 (b)(c)(d)
|
965,000
|
964,397
|
|
HYT Commercial Mortgage Trust Series 2024-RGCY Class A, CME Term SOFR 1 month Index + 1.8415%, 5.5011% 9/15/2041 (b)(c)(d)
|
1,595,000
|
1,596,456
|
|
JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-BKWD Class A, CME Term SOFR 1 month Index + 1.6145%, 5.2745% 9/15/2029 (b)(c)(d)
|
738,093
|
723,546
|
|
Life Financial Services Trust Series 2022-BMR2 Class A1, CME Term SOFR 1 month Index + 1.2952%, 4.9549% 5/15/2039 (b)(c)(d)
|
2,874,000
|
2,777,003
|
|
MARQ Trust Series 2024-HOU Class B, CME Term SOFR 1 month Index + 2.0907%, 5.7503% 6/15/2039 (b)(c)(d)
|
1,070,000
|
1,071,242
|
|
Medical Commercial Mtg Trust Series 2024-MOB Class A, CME Term SOFR 1 month Index + 1.5915%, 5.2512% 5/15/2041 (b)(c)(d)
|
995,000
|
990,560
|
|
MHP Commercial Mortgage Trust Series 2021-STOR Class A, CME Term SOFR 1 month Index + 0.8145%, 4.4745% 7/15/2038 (b)(c)(d)
|
907,000
|
906,318
|
|
Morgan Stanley Bank Amer Trust Series 2025-C35 Class A1, 4.609% 8/15/2058
|
191,596
|
193,595
|
|
Morgan Stanley Capital I Trust Series 2018-BOP Class A, CME Term SOFR 1 month Index + 0.897%, 4.557% 8/15/2033 (b)(c)(d)
|
3,654,512
|
2,972,799
|
|
NYC Commercial Mortgage Trust Series 2025-28L Class B, 5.0069% 11/5/2038 (b)(d)
|
390,000
|
393,468
|
|
Penn Commercial Mortgage Trust Series 2025-P11 Class A, 5.344% 8/10/2042 (b)(d)
|
680,000
|
706,217
|
|
Plym Commercial Mortgage Trust Series 2026-IND Class A, CME Term SOFR 1 month Index + 1.25%, 4.9% 3/15/2043 (b)(c)(d)
|
1,300,000
|
1,300,000
|
|
ROCK Trust Series 2024-CNTR Class A, 5.3883% 11/13/2041 (d)
|
750,000
|
776,357
|
|
SDR Commercial Mortgage Trust Series 2024-DSNY Class B, CME Term SOFR 1 month Index + 1.7412%, 5.4008% 5/15/2039 (b)(c)(d)
|
790,000
|
790,007
|
|
SREIT Trust Series 2021-MFP Class A, CME Term SOFR 1 month Index + 0.8453%, 4.5049% 11/15/2038 (b)(c)(d)
|
1,470,489
|
1,470,030
|
|
TCO Commercial Mortgage Trust Series 2024-DPM Class A, CME Term SOFR 1 month Index + 1.2429%, 4.9026% 12/15/2039 (b)(c)(d)
|
1,157,000
|
1,158,447
|
|
Wells Fargo Commercial Mortgage Trust Series 2024-GRP Class A, CME Term SOFR 1 month Index + 1.7913%, 5.451% 10/15/2041 (b)(c)(d)
|
1,060,000
|
1,058,620
|
|
Wells Fargo Commercial Mortgage Trust Series 2025-5C6 Class A1, 4.314% 10/15/2058
|
241,664
|
242,580
|
|
TOTAL UNITED STATES
|
53,791,098
|
||
|
TOTAL COMMERCIAL MORTGAGE SECURITIES
(Cost $54,335,058)
|
53,791,098
|
||
Fixed-Income Funds - 23.3%
|
|||
Shares
|
Value ($)
|
||
Baird Short-Term Bond Fund Institutional Class
|
32,711,056
|
313,699,023
|
|
iShares 1-3 Year Treasury Bond ETF
|
11,189
|
930,701
|
|
iShares 3-7 Year Treasury Bond ETF
|
1,835,117
|
221,535,324
|
|
iShares Short Duration Bond Active ETF
|
977,829
|
50,201,741
|
|
PIMCO ETF Trust: PIMCO Enhanced Low Duration Active Exchange-Traded Fund
|
1,925,489
|
185,746,340
|
|
|
TOTAL FIXED-INCOME FUNDS
(Cost $767,055,714)
|
772,113,129
|
||
Foreign Government and Government Agency Obligations - 0.0%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
COLOMBIA - 0.0%
|
|||
Colombian Republic 5.375% 1/21/2029
(Cost $1,449,426)
|
1,460,000
|
1,457,080
|
|
Non-Convertible Corporate Bonds - 18.5%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
AUSTRALIA - 0.3%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
NBN Co Ltd 1.45% 5/5/2026 (d)
|
1,765,000
|
1,757,309
|
|
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Woodside Finance Ltd 3.7% 9/15/2026 (d)
|
487,000
|
485,670
|
|
Health Care - 0.1%
|
|||
Biotechnology - 0.1%
|
|||
CSL Finance PLC 3.85% 4/27/2027 (d)
|
2,075,000
|
2,076,120
|
|
Industrials - 0.0%
|
|||
Transportation Infrastructure - 0.0%
|
|||
Sydney Airport Finance Co Pty Ltd 3.625% 4/28/2026 (d)
|
242,000
|
241,698
|
|
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
Glencore Funding LLC 4.907% 4/1/2028 (d)
|
1,740,000
|
1,771,805
|
|
Glencore Funding LLC 5.338% 4/4/2027 (d)
|
2,088,000
|
2,118,157
|
|
TOTAL MATERIALS
|
3,889,962
|
||
TOTAL AUSTRALIA
|
8,450,759
|
||
BERMUDA - 0.1%
|
|||
Consumer Staples - 0.1%
|
|||
Beverages - 0.1%
|
|||
Bacardi Ltd 4.7% 5/15/2028 (d)
|
2,001,000
|
2,016,393
|
|
Financials - 0.0%
|
|||
Insurance - 0.0%
|
|||
Aspen Insurance Holdings Ltd 5.75% 7/1/2030
|
490,000
|
513,917
|
|
TOTAL BERMUDA
|
2,530,310
|
||
CANADA - 0.8%
|
|||
Communication Services - 0.2%
|
|||
Wireless Telecommunication Services - 0.2%
|
|||
Rogers Communications Inc 3.2% 3/15/2027
|
3,705,000
|
3,677,871
|
|
Rogers Communications Inc 5% 2/15/2029
|
1,835,000
|
1,877,267
|
|
TOTAL COMMUNICATION SERVICES
|
5,555,138
|
||
Consumer Staples - 0.1%
|
|||
Consumer Staples Distribution & Retail - 0.1%
|
|||
Alimentation Couche-Tard Inc 4.148% 9/29/2028 (d)
|
2,500,000
|
2,514,064
|
|
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Canadian Natural Resources Ltd 3.85% 6/1/2027
|
1,928,000
|
1,927,747
|
|
Enbridge Inc 4.6% 6/20/2028
|
4,100,000
|
4,155,087
|
|
Enbridge Inc 5.9% 11/15/2026
|
400,000
|
404,853
|
|
Enbridge Inc 6% 11/15/2028
|
325,000
|
342,375
|
|
South Bow USA Infrastructure Holdings LLC 4.911% 9/1/2027
|
1,180,000
|
1,192,745
|
|
TOTAL ENERGY
|
8,022,807
|
||
Financials - 0.3%
|
|||
Banks - 0.3%
|
|||
Bank of Nova Scotia/The 4.247% 2/2/2030 (b)
|
2,500,000
|
2,512,336
|
|
Bank of Nova Scotia/The 4.932% 2/14/2029 (b)
|
2,902,000
|
2,954,753
|
|
Canadian Imperial Bank of Commerce 4.283% 1/29/2030 (b)
|
1,105,000
|
1,112,424
|
|
Canadian Imperial Bank of Commerce 4.862% 1/13/2028 (b)
|
2,500,000
|
2,517,486
|
|
Federation des Caisses Desjardins du Quebec 4.565% 8/26/2030 (d)
|
770,000
|
780,229
|
|
TOTAL FINANCIALS
|
9,877,228
|
||
Industrials - 0.0%
|
|||
Commercial Services & Supplies - 0.0%
|
|||
Element Fleet Management Corp 5.037% 3/25/2030 (d)
|
940,000
|
963,565
|
|
Element Fleet Management Corp 5.643% 3/13/2027 (d)
|
660,000
|
669,613
|
|
TOTAL INDUSTRIALS
|
1,633,178
|
||
Materials - 0.0%
|
|||
Chemicals - 0.0%
|
|||
Nutrien Ltd 4.9% 3/27/2028
|
400,000
|
407,249
|
|
TOTAL CANADA
|
28,009,664
|
||
CHILE - 0.0%
|
|||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
Corp Nacional del Cobre de Chile 3% 9/30/2029 (g)
|
1,400,000
|
1,340,938
|
|
Corp Nacional del Cobre de Chile 3.625% 8/1/2027 (g)
|
404,000
|
401,349
|
|
TOTAL CHILE
|
1,742,287
|
||
CHINA - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Broadline Retail - 0.0%
|
|||
Prosus NV 3.257% 1/19/2027 (g)
|
236,000
|
233,521
|
|
DENMARK - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
Danske Bank A/S 4.298% 4/1/2028 (b)(d)
|
2,544,000
|
2,553,406
|
|
Danske Bank A/S 4.613% 10/2/2030 (b)(d)
|
770,000
|
780,091
|
|
Danske Bank A/S 5.427% 3/1/2028 (b)(d)
|
730,000
|
740,782
|
|
TOTAL DENMARK
|
4,074,279
|
||
FRANCE - 0.4%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Orange SA 4% 1/13/2029 (d)
|
978,000
|
981,042
|
|
Orange SA 4.25% 1/13/2031 (d)
|
945,000
|
946,540
|
|
TOTAL COMMUNICATION SERVICES
|
1,927,582
|
||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
TotalEnergies Capital USA LLC 4.248% 1/13/2031
|
1,760,000
|
1,775,769
|
|
Financials - 0.3%
|
|||
Banks - 0.3%
|
|||
BNP Paribas SA 2.591% 1/20/2028 (b)(d)
|
3,200,000
|
3,160,244
|
|
BNP Paribas SA 4.792% 5/9/2029 (b)(d)
|
2,210,000
|
2,238,043
|
|
Credit Agricole SA 5.23% 1/9/2029 (b)(d)
|
705,000
|
719,754
|
|
Societe Generale SA 5.249% 5/22/2029 (b)(d)
|
1,000,000
|
1,021,780
|
|
Societe Generale SA 5.5% 4/13/2029 (b)(d)
|
2,500,000
|
2,565,313
|
|
Societe Generale SA 5.519% 1/19/2028 (b)(d)
|
770,000
|
779,544
|
|
TOTAL FINANCIALS
|
10,484,678
|
||
TOTAL FRANCE
|
14,188,029
|
||
GERMANY - 0.9%
|
|||
Consumer Discretionary - 0.3%
|
|||
Automobiles - 0.3%
|
|||
BMW US Capital LLC 4.6% 8/13/2027 (d)
|
1,965,000
|
1,985,339
|
|
Mercedes-Benz Finance North America LLC 4.8% 3/30/2026 (d)
|
365,000
|
365,313
|
|
Volkswagen Group of America Finance LLC 4.450% 9/11/2027 (d)
|
225,000
|
226,197
|
|
Volkswagen Group of America Finance LLC 4.75% 11/13/2028 (d)
|
420,000
|
425,369
|
|
Volkswagen Group of America Finance LLC 4.85% 8/15/2027 (d)
|
1,875,000
|
1,894,555
|
|
Volkswagen Group of America Finance LLC 5.05% 3/27/2028 (d)
|
2,330,000
|
2,367,880
|
|
Volkswagen Group of America Finance LLC 5.7% 9/12/2026 (d)
|
1,425,000
|
1,437,292
|
|
Volkswagen Group of America Finance LLC 6% 11/16/2026 (d)
|
2,150,000
|
2,178,478
|
|
Volkswagen Group of America Finance LLC 6.2% 11/16/2028 (d)
|
200,000
|
209,657
|
|
TOTAL CONSUMER DISCRETIONARY
|
11,090,080
|
||
Financials - 0.3%
|
|||
Capital Markets - 0.3%
|
|||
Deutsche Bank AG/New York NY 2.552% 1/7/2028 (b)
|
2,600,000
|
2,567,413
|
|
Deutsche Bank AG/New York NY 5.373% 1/10/2029 (b)
|
2,500,000
|
2,554,983
|
|
Deutsche Bank AG/New York NY 5.706% 2/8/2028 (b)
|
1,000,000
|
1,014,815
|
|
Deutsche Bank AG/New York NY 6.72% 1/18/2029 (b)
|
2,792,000
|
2,920,046
|
|
TOTAL FINANCIALS
|
9,057,257
|
||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
Bayer US Finance II LLC 4.375% 12/15/2028 (d)
|
4,108,000
|
4,122,726
|
|
EMD Finance LLC 4.125% 8/15/2028 (d)
|
1,980,000
|
1,989,743
|
|
TOTAL HEALTH CARE
|
6,112,469
|
||
Industrials - 0.1%
|
|||
Machinery - 0.1%
|
|||
Daimler Truck Finance North America LLC 4.15% 1/12/2029 (d)
|
310,000
|
310,860
|
|
Daimler Truck Finance North America LLC 4.3% 8/12/2027 (d)
|
870,000
|
875,213
|
|
Daimler Truck Finance North America LLC 4.95% 1/13/2028 (d)
|
2,500,000
|
2,542,751
|
|
Daimler Truck Finance North America LLC 5.125% 9/25/2027 (d)
|
690,000
|
701,887
|
|
TOTAL INDUSTRIALS
|
4,430,711
|
||
TOTAL GERMANY
|
30,690,517
|
||
HONG KONG - 0.0%
|
|||
Industrials - 0.0%
|
|||
Commercial Services & Supplies - 0.0%
|
|||
HPHT Finance 21 II Ltd 1.5% 9/17/2026 (g)
|
650,000
|
641,077
|
|
INDIA - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
HDFC Bank Ltd 5.686% 3/2/2026 (g)
|
800,000
|
800,000
|
|
State Bank of India/London 1.8% 7/13/2026 (g)
|
1,850,000
|
1,836,076
|
|
TOTAL INDIA
|
2,636,076
|
||
INDONESIA - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
Bank Mandiri Persero Tbk PT 5.5% 4/4/2026 (g)
|
1,900,000
|
1,902,109
|
|
IRELAND - 0.5%
|
|||
Financials - 0.3%
|
|||
Banks - 0.1%
|
|||
Bank of Ireland Group PLC 2.029% 9/30/2027 (b)(d)
|
2,200,000
|
2,173,855
|
|
Consumer Finance - 0.2%
|
|||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.875% 1/23/2028
|
2,500,000
|
2,494,872
|
|
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.125% 2/28/2029
|
1,478,000
|
1,478,773
|
|
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 5.75% 6/6/2028
|
2,500,000
|
2,589,037
|
|
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.45% 4/15/2027
|
1,551,000
|
1,590,032
|
|
8,152,714
|
|||
TOTAL FINANCIALS
|
10,326,569
|
||
Industrials - 0.2%
|
|||
Transportation Infrastructure - 0.2%
|
|||
Avolon Holdings Funding Ltd 2.528% 11/18/2027 (d)
|
2,700,000
|
2,628,878
|
|
Avolon Holdings Funding Ltd 4.95% 1/15/2028 (d)
|
2,500,000
|
2,533,203
|
|
Avolon Holdings Funding Ltd 6.375% 5/4/2028 (d)
|
300,000
|
312,673
|
|
TOTAL INDUSTRIALS
|
5,474,754
|
||
TOTAL IRELAND
|
15,801,323
|
||
ITALY - 0.2%
|
|||
Utilities - 0.2%
|
|||
Electric Utilities - 0.2%
|
|||
Enel Finance International NV 1.625% 7/12/2026 (d)(e)
|
1,605,000
|
1,590,202
|
|
Enel Finance International NV 4.125% 9/30/2028 (d)
|
1,912,000
|
1,916,068
|
|
Enel Finance International NV 5.125% 6/26/2029 (d)
|
2,450,000
|
2,524,068
|
|
TOTAL ITALY
|
6,030,338
|
||
JAPAN - 0.2%
|
|||
Communication Services - 0.0%
|
|||
Diversified Telecommunication Services - 0.0%
|
|||
NTT Finance Corp 4.567% 7/16/2027 (d)
|
200,000
|
201,814
|
|
NTT Finance Corp 4.62% 7/16/2028 (d)
|
705,000
|
715,651
|
|
TOTAL COMMUNICATION SERVICES
|
917,465
|
||
Consumer Staples - 0.0%
|
|||
Tobacco - 0.0%
|
|||
Japan Tobacco Inc 4.85% 5/15/2028 (d)
|
1,620,000
|
1,652,966
|
|
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
Mitsubishi UFJ Financial Group Inc 5.258% 4/17/2030 (b)
|
1,650,000
|
1,708,560
|
|
Mizuho Financial Group Inc 5.414% 9/13/2028 (b)
|
2,500,000
|
2,557,970
|
|
TOTAL FINANCIALS
|
4,266,530
|
||
TOTAL JAPAN
|
6,836,961
|
||
KAZAKHSTAN - 0.0%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Tengizchevroil Finance Co International Ltd 4% 8/15/2026 (g)
|
840,000
|
837,732
|
|
KOREA (SOUTH) - 0.2%
|
|||
Communication Services - 0.0%
|
|||
Diversified Telecommunication Services - 0.0%
|
|||
KT Corp 4.125% 2/2/2028 (d)
|
900,000
|
902,924
|
|
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Korea Housing Finance Corp 4.625% 2/24/2028 (d)
|
1,600,000
|
1,628,316
|
|
Utilities - 0.2%
|
|||
Electric Utilities - 0.2%
|
|||
Korea Electric Power Corp 5.375% 4/6/2026 (d)
|
1,750,000
|
1,752,351
|
|
Korea Hydro & Nuclear Power Co Ltd 1.25% 4/27/2026 (d)
|
1,421,000
|
1,414,908
|
|
TOTAL UTILITIES
|
3,167,259
|
||
TOTAL KOREA (SOUTH)
|
5,698,499
|
||
KUWAIT - 0.1%
|
|||
Materials - 0.1%
|
|||
Chemicals - 0.1%
|
|||
EQUATE Petrochemical Co KSC 4.25% 11/3/2026 (g)
|
1,850,000
|
1,847,688
|
|
NETHERLANDS - 0.5%
|
|||
Consumer Staples - 0.1%
|
|||
Beverages - 0.1%
|
|||
Heineken NV 3.5% 1/29/2028 (d)
|
3,653,000
|
3,628,708
|
|
Financials - 0.3%
|
|||
Banks - 0.3%
|
|||
Cooperatieve Rabobank UA 4.655% 8/22/2028 (b)(d)
|
2,100,000
|
2,120,295
|
|
Cooperatieve Rabobank UA 5.564% 2/28/2029 (b)(d)
|
1,720,000
|
1,771,142
|
|
ING Groep NV 4.017% 3/28/2028 (b)
|
2,100,000
|
2,101,530
|
|
ING Groep NV 4.858% 3/25/2029 (b)
|
1,060,000
|
1,078,422
|
|
TOTAL FINANCIALS
|
7,071,389
|
||
Information Technology - 0.1%
|
|||
Semiconductors & Semiconductor Equipment - 0.1%
|
|||
NXP BV / NXP Funding LLC / NXP USA Inc 3.15% 5/1/2027
|
2,195,000
|
2,175,684
|
|
NXP BV / NXP Funding LLC / NXP USA Inc 3.875% 6/18/2026
|
695,000
|
694,463
|
|
NXP BV / NXP Funding LLC / NXP USA Inc 4.3% 6/18/2029
|
1,123,000
|
1,129,632
|
|
NXP BV / NXP Funding LLC / NXP USA Inc 4.3% 8/19/2028
|
365,000
|
367,442
|
|
NXP BV / NXP Funding LLC / NXP USA Inc 4.4% 6/1/2027
|
155,000
|
155,772
|
|
TOTAL INFORMATION TECHNOLOGY
|
4,522,993
|
||
TOTAL NETHERLANDS
|
15,223,090
|
||
NORWAY - 0.1%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Var Energi ASA 5% 5/18/2027 (d)
|
1,490,000
|
1,503,706
|
|
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
DNB Bank ASA 1.535% 5/25/2027 (b)(d)
|
2,000,000
|
1,988,416
|
|
TOTAL NORWAY
|
3,492,122
|
||
QATAR - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
QNB Finance Ltd 4.875% 1/30/2029 (g)
|
1,970,000
|
2,009,400
|
|
SAUDI ARABIA - 0.1%
|
|||
Energy - 0.1%
|
|||
Oil, Gas & Consumable Fuels - 0.1%
|
|||
SA Global Sukuk Ltd 4.125% 9/17/2030 (d)
|
1,890,000
|
1,870,495
|
|
Materials - 0.0%
|
|||
Chemicals - 0.0%
|
|||
Ma'aden Sukuk Ltd 5.25% 2/13/2030 (d)
|
1,500,000
|
1,540,755
|
|
TOTAL SAUDI ARABIA
|
3,411,250
|
||
SPAIN - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
Banco Santander SA 5.552% 3/14/2028 (b)
|
800,000
|
811,935
|
|
CaixaBank SA 6.684% 9/13/2027 (b)(d)
|
1,530,000
|
1,551,736
|
|
TOTAL SPAIN
|
2,363,671
|
||
SWITZERLAND - 0.1%
|
|||
Financials - 0.1%
|
|||
Capital Markets - 0.1%
|
|||
UBS Group AG 1.494% 8/10/2027 (b)(d)
|
3,000,000
|
2,966,415
|
|
THAILAND - 0.0%
|
|||
Communication Services - 0.0%
|
|||
Wireless Telecommunication Services - 0.0%
|
|||
Advanced Info Service PCL 4.26% 3/4/2031 (g)
|
980,000
|
983,381
|
|
UNITED KINGDOM - 1.7%
|
|||
Consumer Staples - 0.4%
|
|||
Beverages - 0.0%
|
|||
Coca-Cola Europacific Partners PLC 1.5% 1/15/2027 (d)
|
475,000
|
464,944
|
|
Tobacco - 0.4%
|
|||
BAT Capital Corp 2.259% 3/25/2028
|
2,700,000
|
2,611,783
|
|
BAT Capital Corp 3.557% 8/15/2027
|
2,000,000
|
1,989,759
|
|
BAT International Finance PLC 1.668% 3/25/2026
|
885,000
|
883,634
|
|
BAT International Finance PLC 4.448% 3/16/2028
|
1,985,000
|
2,003,770
|
|
Imperial Brands Finance PLC 3.5% 7/26/2026 (d)
|
305,000
|
304,019
|
|
Imperial Brands Finance PLC 4.5% 6/30/2028 (d)
|
2,590,000
|
2,617,068
|
|
Imperial Brands Finance PLC 6.125% 7/27/2027 (d)
|
1,300,000
|
1,335,581
|
|
11,745,614
|
|||
TOTAL CONSUMER STAPLES
|
12,210,558
|
||
Financials - 1.3%
|
|||
Banks - 1.2%
|
|||
Barclays PLC 4.219% 5/24/2030 (b)
|
760,000
|
760,166
|
|
Barclays PLC 4.476% 11/11/2029 (b)
|
535,000
|
539,141
|
|
Barclays PLC 5.086% 2/25/2029 (b)
|
1,085,000
|
1,105,374
|
|
Barclays PLC 5.501% 8/9/2028 (b)
|
2,500,000
|
2,548,889
|
|
Barclays PLC 5.674% 3/12/2028 (b)
|
2,500,000
|
2,539,538
|
|
Barclays PLC 7.385% 11/2/2028 (b)
|
2,400,000
|
2,527,440
|
|
HSBC Holdings PLC 4.583% 6/19/2029 (b)
|
2,000,000
|
2,020,607
|
|
HSBC Holdings PLC 4.899% 3/3/2029 (b)
|
1,005,000
|
1,021,399
|
|
HSBC Holdings PLC 5.13% 11/19/2028 (b)
|
1,220,000
|
1,242,136
|
|
HSBC Holdings PLC 5.597% 5/17/2028 (b)
|
2,845,000
|
2,897,036
|
|
HSBC Holdings PLC 5.887% 8/14/2027 (b)
|
2,600,000
|
2,622,108
|
|
HSBC Holdings PLC 7.39% 11/3/2028 (b)
|
2,000,000
|
2,107,339
|
|
Lloyds Banking Group PLC 3.574% 11/7/2028 (b)
|
2,600,000
|
2,582,762
|
|
Lloyds Banking Group PLC 4.241% 2/10/2030 (b)
|
1,463,000
|
1,469,771
|
|
Lloyds Banking Group PLC 5.462% 1/5/2028 (b)
|
800,000
|
809,859
|
|
Lloyds Banking Group PLC 5.871% 3/6/2029 (b)
|
2,441,000
|
2,530,146
|
|
NatWest Group PLC 4.892% 5/18/2029 (b)
|
2,500,000
|
2,545,325
|
|
NatWest Group PLC 5.516% 9/30/2028 (b)
|
2,500,000
|
2,559,729
|
|
NatWest Group PLC 5.583% 3/1/2028 (b)
|
700,000
|
711,115
|
|
Santander UK Group Holdings PLC 1.673% 6/14/2027 (b)
|
420,000
|
417,085
|
|
Santander UK Group Holdings PLC 4.32% 9/22/2029 (b)
|
550,000
|
551,911
|
|
Standard Chartered PLC 4.299% 1/13/2030 (b)(d)
|
2,974,000
|
2,982,518
|
|
Standard Chartered PLC 4.3% 2/19/2027 (d)
|
327,000
|
327,295
|
|
Standard Chartered PLC 5.688% 5/14/2028 (b)(d)
|
780,000
|
794,997
|
|
40,213,686
|
|||
Financial Services - 0.1%
|
|||
Nationwide Building Society 6.557% 10/18/2027 (b)(d)
|
2,500,000
|
2,539,621
|
|
TOTAL FINANCIALS
|
42,753,307
|
||
Industrials - 0.0%
|
|||
Aerospace & Defense - 0.0%
|
|||
Rolls-Royce PLC 5.75% 10/15/2027 (d)
|
1,195,000
|
1,222,250
|
|
TOTAL UNITED KINGDOM
|
56,186,115
|
||
UNITED STATES - 11.8%
|
|||
Communication Services - 0.4%
|
|||
Diversified Telecommunication Services - 0.2%
|
|||
SBA Tower Trust 4.831% 10/15/2029 (d)
|
2,245,000
|
2,276,823
|
|
SBA Tower Trust 6.599% 11/15/2052 (d)
|
1,160,000
|
1,184,138
|
|
Verizon Communications Inc 2.1% 3/22/2028
|
1,583,000
|
1,529,649
|
|
4,990,610
|
|||
Entertainment - 0.0%
|
|||
Take-Two Interactive Software Inc 5% 3/28/2026
|
1,375,000
|
1,375,606
|
|
Interactive Media & Services - 0.1%
|
|||
Alphabet Inc 3.7% 2/15/2029
|
1,215,000
|
1,216,176
|
|
Meta Platforms Inc 4.2% 11/15/2030
|
1,445,000
|
1,457,708
|
|
2,673,884
|
|||
Media - 0.1%
|
|||
Charter Communications Operating LLC / Charter Communications Operating Capital 4.2% 3/15/2028
|
2,600,000
|
2,598,556
|
|
Cox Communications Inc 3.35% 9/15/2026 (d)
|
460,000
|
457,764
|
|
Cox Communications Inc 3.5% 8/15/2027 (d)
|
600,000
|
594,350
|
|
Omnicom Group Inc / Omnicom Capital Inc 3.6% 4/15/2026
|
370,000
|
369,936
|
|
4,020,606
|
|||
TOTAL COMMUNICATION SERVICES
|
13,060,706
|
||
Consumer Discretionary - 0.9%
|
|||
Automobiles - 0.6%
|
|||
American Honda Finance Corp 5.65% 11/15/2028
|
1,245,000
|
1,299,498
|
|
General Motors Financial Co Inc 4.2% 10/27/2028
|
1,500,000
|
1,505,729
|
|
General Motors Financial Co Inc 5.05% 4/4/2028
|
815,000
|
830,907
|
|
General Motors Financial Co Inc 5.35% 7/15/2027
|
893,000
|
908,444
|
|
General Motors Financial Co Inc 5.4% 4/6/2026
|
495,000
|
495,533
|
|
General Motors Financial Co Inc 5.4% 5/8/2027
|
3,211,000
|
3,261,399
|
|
General Motors Financial Co Inc 5.8% 1/7/2029
|
1,000,000
|
1,044,356
|
|
General Motors Financial Co Inc 6% 1/9/2028
|
1,500,000
|
1,549,580
|
|
Hyundai Capital America 4.25% 1/8/2029 (d)
|
495,000
|
497,733
|
|
Hyundai Capital America 4.85% 3/25/2027 (d)
|
615,000
|
620,831
|
|
Hyundai Capital America 4.875% 6/23/2027 (d)
|
2,535,000
|
2,565,331
|
|
Hyundai Capital America 5% 1/7/2028 (d)
|
985,000
|
1,001,886
|
|
Hyundai Capital America 5.25% 1/8/2027 (d)
|
675,000
|
682,273
|
|
Hyundai Capital America 5.45% 6/24/2026 (d)
|
2,000,000
|
2,008,193
|
|
Hyundai Capital America 5.5% 3/30/2026 (d)
|
935,000
|
935,885
|
|
Hyundai Capital America 5.6% 3/30/2028 (d)
|
580,000
|
596,913
|
|
19,804,491
|
|||
Diversified Consumer Services - 0.1%
|
|||
ERAC USA Finance LLC 4.6% 5/1/2028 (d)
|
1,205,000
|
1,223,960
|
|
ERAC USA Finance LLC 5% 2/15/2029 (d)
|
505,000
|
520,059
|
|
1,744,019
|
|||
Hotels, Restaurants & Leisure - 0.1%
|
|||
Darden Restaurants Inc 4.35% 10/15/2027
|
1,120,000
|
1,127,674
|
|
Marriott International Inc/MD 3.125% 6/15/2026
|
1,628,000
|
1,624,339
|
|
2,752,013
|
|||
Specialty Retail - 0.1%
|
|||
AutoNation Inc 1.95% 8/1/2028
|
2,700,000
|
2,571,250
|
|
AutoZone Inc 5.165% 6/15/2030
|
800,000
|
829,182
|
|
O'Reilly Automotive Inc 4.35% 6/1/2028
|
723,000
|
729,817
|
|
4,130,249
|
|||
TOTAL CONSUMER DISCRETIONARY
|
28,430,772
|
||
Consumer Staples - 0.2%
|
|||
Beverages - 0.1%
|
|||
Keurig Dr Pepper Inc 3.95% 4/15/2029
|
198,000
|
196,887
|
|
Keurig Dr Pepper Inc 4.35% 5/15/2028
|
680,000
|
684,091
|
|
Keurig Dr Pepper Inc 5.05% 3/15/2029
|
1,190,000
|
1,219,399
|
|
2,100,377
|
|||
Consumer Staples Distribution & Retail - 0.1%
|
|||
Dollar General Corp 4.125% 5/1/2028
|
699,000
|
701,656
|
|
Dollar General Corp 5.2% 7/5/2028
|
584,000
|
598,914
|
|
Mars Inc 4.55% 4/20/2028 (d)
|
890,000
|
902,211
|
|
Mars Inc 4.6% 3/1/2028 (d)
|
1,080,000
|
1,095,667
|
|
3,298,448
|
|||
Food Products - 0.0%
|
|||
Bunge Ltd Finance Corp 2% 4/21/2026
|
515,000
|
513,543
|
|
Bunge Ltd Finance Corp 4.9% 4/21/2027
|
1,230,000
|
1,243,084
|
|
1,756,627
|
|||
Tobacco - 0.0%
|
|||
Philip Morris International Inc 5.125% 11/17/2027
|
307,000
|
313,445
|
|
TOTAL CONSUMER STAPLES
|
7,468,897
|
||
Energy - 1.2%
|
|||
Energy Equipment & Services - 0.0%
|
|||
Schlumberger Holdings Corp 3.9% 5/17/2028 (d)
|
1,363,000
|
1,363,779
|
|
Oil, Gas & Consumable Fuels - 1.2%
|
|||
Cheniere Corpus Christi Holdings LLC 5.125% 6/30/2027
|
1,005,000
|
1,014,507
|
|
Cheniere Energy Inc 4.625% 10/15/2028
|
170,000
|
169,939
|
|
Columbia Pipelines Holding Co LLC 6.055% 8/15/2026 (d)
|
150,000
|
151,007
|
|
DCP Midstream Operating LP 5.625% 7/15/2027
|
2,500,000
|
2,548,205
|
|
Diamondback Energy Inc 5.2% 4/18/2027
|
2,375,000
|
2,405,489
|
|
Energy Transfer LP 4.55% 1/15/2031
|
595,000
|
600,702
|
|
Energy Transfer LP 5.25% 7/1/2029
|
645,000
|
668,803
|
|
Energy Transfer LP 6.05% 12/1/2026
|
1,885,000
|
1,910,114
|
|
EOG Resources Inc 4.4% 1/15/2031
|
585,000
|
591,854
|
|
EQT Corp 3.125% 5/15/2026 (d)
|
1,715,000
|
1,709,901
|
|
EQT Corp 3.9% 10/1/2027
|
1,500,000
|
1,497,177
|
|
EQT Corp 5.7% 4/1/2028
|
2,000,000
|
2,067,857
|
|
Marathon Petroleum Corp 3.8% 4/1/2028
|
2,600,000
|
2,592,954
|
|
MPLX LP 4% 3/15/2028
|
2,600,000
|
2,603,096
|
|
MPLX LP 4.8% 2/15/2031
|
2,685,000
|
2,741,025
|
|
ONEOK Inc 4.25% 9/24/2027
|
2,070,000
|
2,079,902
|
|
ONEOK Inc 4.85% 7/15/2026
|
1,899,000
|
1,900,307
|
|
ONEOK Inc 5.55% 11/1/2026
|
990,000
|
998,879
|
|
ONEOK Inc 5.625% 1/15/2028 (d)
|
385,000
|
393,160
|
|
Plains All American Pipeline LP / PAA Finance Corp 4.7% 1/15/2031
|
1,090,000
|
1,107,106
|
|
Sabine Pass Liquefaction LLC 4.2% 3/15/2028
|
308,000
|
309,248
|
|
Schlumberger Investment SA 4.5% 5/15/2028
|
749,000
|
757,779
|
|
Targa Resources Corp 4.35% 1/15/2029
|
940,000
|
947,654
|
|
Targa Resources Corp 5.2% 7/1/2027
|
345,000
|
350,536
|
|
Western Gas Partners LP 4.65% 7/1/2026
|
2,000,000
|
2,000,537
|
|
Williams Cos Inc/The 4.625% 6/30/2030
|
1,045,000
|
1,063,014
|
|
Williams Cos Inc/The 4.8% 11/15/2029
|
670,000
|
686,725
|
|
Williams Cos Inc/The 5.4% 3/2/2026
|
2,140,000
|
2,140,000
|
|
38,007,477
|
|||
TOTAL ENERGY
|
39,371,256
|
||
Financials - 5.5%
|
|||
Banks - 2.2%
|
|||
Bank of America Corp 1.734% 7/22/2027 (b)
|
3,465,000
|
3,433,895
|
|
Bank of America Corp 4.623% 5/9/2029 (b)
|
4,382,000
|
4,444,194
|
|
Bank of America Corp 4.948% 7/22/2028 (b)
|
2,902,000
|
2,938,431
|
|
Bank of America Corp 5.933% 9/15/2027 (b)
|
2,200,000
|
2,223,639
|
|
Citigroup Inc 3.52% 10/27/2028 (b)
|
2,300,000
|
2,282,472
|
|
Citigroup Inc 3.887% 1/10/2028 (b)
|
2,000,000
|
1,997,224
|
|
Citigroup Inc 4.075% 4/23/2029 (b)
|
2,300,000
|
2,303,411
|
|
Citigroup Inc 4.786% 3/4/2029 (b)
|
2,300,000
|
2,334,572
|
|
Citigroup Inc 5.174% 2/13/2030 (b)
|
710,000
|
731,571
|
|
Fifth Third Bancorp 4.566% 4/29/2032 (b)
|
1,335,000
|
1,342,910
|
|
Huntington Bancshares Inc/OH 4.623% 1/28/2032 (b)
|
2,240,000
|
2,261,263
|
|
Huntington National Bank/The 4.871% 4/12/2028 (b)
|
2,500,000
|
2,522,596
|
|
JPMorgan Chase & Co 4.851% 7/25/2028 (b)
|
2,491,000
|
2,519,861
|
|
JPMorgan Chase & Co 4.979% 7/22/2028 (b)
|
3,284,000
|
3,327,619
|
|
JPMorgan Chase & Co 5.04% 1/23/2028 (b)
|
3,310,000
|
3,339,565
|
|
JPMorgan Chase & Co U.S. SOFR Index + 0.885%, 4.5515% 4/22/2027 (b)(c)
|
747,000
|
747,675
|
|
Manufacturers & Traders Trust Co 4.762% 7/6/2028 (b)
|
605,000
|
610,737
|
|
Morgan Stanley Private Bank NA 4.204% 11/17/2028 (b)
|
2,557,000
|
2,566,513
|
|
PNC Financial Services Group Inc/The 5.582% 6/12/2029 (b)
|
1,500,000
|
1,554,764
|
|
Santander Holdings USA Inc 2.49% 1/6/2028 (b)
|
760,000
|
749,045
|
|
Santander Holdings USA Inc 6.124% 5/31/2027 (b)
|
160,000
|
160,663
|
|
Truist Financial Corp 1.887% 6/7/2029 (b)
|
2,700,000
|
2,580,712
|
|
Truist Financial Corp 4.123% 6/6/2028 (b)
|
2,511,000
|
2,516,589
|
|
Truist Financial Corp 4.873% 1/26/2029 (b)
|
2,500,000
|
2,540,765
|
|
US Bancorp 4.548% 7/22/2028 (b)
|
940,000
|
948,056
|
|
US Bancorp 5.775% 6/12/2029 (b)
|
2,400,000
|
2,495,991
|
|
Wells Fargo & Co 3.196% 6/17/2027 (b)
|
3,200,000
|
3,192,098
|
|
Wells Fargo & Co 3.526% 3/24/2028 (b)
|
3,130,000
|
3,113,823
|
|
Wells Fargo & Co 4.9% 1/24/2028 (b)
|
1,550,000
|
1,562,226
|
|
Wells Fargo & Co 4.97% 4/23/2029 (b)
|
2,895,000
|
2,951,498
|
|
Wells Fargo & Co 5.707% 4/22/2028 (b)
|
2,500,000
|
2,545,771
|
|
Wells Fargo & Co 6.303% 10/23/2029 (b)
|
2,000,000
|
2,109,243
|
|
70,949,392
|
|||
Capital Markets - 1.5%
|
|||
Athene Global Funding 4.86% 8/27/2026 (d)
|
885,000
|
888,206
|
|
Athene Global Funding 5.339% 1/15/2027 (d)
|
2,500,000
|
2,525,906
|
|
Athene Global Funding 5.349% 7/9/2027 (d)
|
860,000
|
873,076
|
|
Athene Global Funding 5.516% 3/25/2027 (d)
|
2,503,000
|
2,539,849
|
|
Charles Schwab Corp/The 4.343% 11/14/2031 (b)
|
1,780,000
|
1,791,271
|
|
Equitable America Global Funding 4.65% 6/9/2028 (d)
|
3,625,000
|
3,666,384
|
|
GA Global Funding Trust 4.4% 9/23/2027 (d)
|
1,490,000
|
1,494,798
|
|
GA Global Funding Trust 5.4% 1/13/2030 (d)
|
1,135,000
|
1,163,022
|
|
Goldman Sachs Group Inc/The 1.542% 9/10/2027 (b)
|
2,800,000
|
2,763,197
|
|
Goldman Sachs Group Inc/The 4.148% 1/21/2029 (b)
|
3,800,000
|
3,801,574
|
|
Goldman Sachs Group Inc/The 4.482% 8/23/2028 (b)
|
2,415,000
|
2,431,464
|
|
Goldman Sachs Group Inc/The 4.937% 4/23/2028 (b)
|
1,970,000
|
1,988,604
|
|
Goldman Sachs Group Inc/The 5.218% 4/23/2031 (b)
|
1,250,000
|
1,294,011
|
|
Goldman Sachs Group Inc/The 6.484% 10/24/2029 (b)
|
1,000,000
|
1,058,613
|
|
LPL Holdings Inc 4.625% 11/15/2027 (d)
|
470,000
|
469,712
|
|
LPL Holdings Inc 4.9% 4/3/2028
|
2,965,000
|
2,999,311
|
|
LPL Holdings Inc 5.7% 5/20/2027
|
1,298,000
|
1,319,588
|
|
LPL Holdings Inc 6.75% 11/17/2028
|
325,000
|
344,646
|
|
Morgan Stanley 1.512% 7/20/2027 (b)
|
2,700,000
|
2,674,942
|
|
Morgan Stanley 4.238% 1/9/2030 (b)
|
765,000
|
767,676
|
|
Morgan Stanley 4.994% 4/12/2029 (b)
|
1,065,000
|
1,084,409
|
|
Morgan Stanley 5.164% 4/20/2029 (b)
|
2,500,000
|
2,556,751
|
|
Morgan Stanley 6.296% 10/18/2028 (b)
|
2,450,000
|
2,537,996
|
|
Morgan Stanley 6.407% 11/1/2029 (b)
|
2,400,000
|
2,541,142
|
|
Sammons Financial Group Global Funding 5.05% 1/10/2028 (d)
|
3,478,000
|
3,537,722
|
|
49,113,870
|
|||
Consumer Finance - 0.4%
|
|||
American Express Co 4.731% 4/25/2029 (b)
|
840,000
|
853,912
|
|
American Express Co 5.043% 7/26/2028 (b)
|
710,000
|
721,096
|
|
American Express Co 5.098% 2/16/2028 (b)
|
380,000
|
383,905
|
|
American Express Co 5.532% 4/25/2030 (b)
|
845,000
|
882,357
|
|
Capital One Financial Corp 7.149% 10/29/2027 (b)
|
410,000
|
418,133
|
|
Ford Motor Credit Co LLC 4.97% 4/6/2029
|
605,000
|
608,858
|
|
Ford Motor Credit Co LLC 5.125% 11/5/2026
|
780,000
|
784,502
|
|
Ford Motor Credit Co LLC 5.8% 3/5/2027
|
3,835,000
|
3,887,056
|
|
Ford Motor Credit Co LLC 5.85% 5/17/2027
|
2,500,000
|
2,540,968
|
|
Ford Motor Credit Co LLC 5.918% 3/20/2028
|
550,000
|
564,651
|
|
Stellantis Financial Services US Corp 4.95% 9/15/2028 (d)
|
568,000
|
572,675
|
|
12,218,113
|
|||
Financial Services - 0.7%
|
|||
CNH Industrial Capital LLC 4.375% 3/7/2031
|
2,315,000
|
2,313,490
|
|
CNH Industrial Capital LLC 4.5% 10/8/2027
|
800,000
|
805,696
|
|
CNH Industrial Capital LLC 4.55% 4/10/2028
|
1,750,000
|
1,767,146
|
|
Crown Castle Towers LLC 4.241% 7/15/2048 (d)
|
435,000
|
436,173
|
|
Equitable Holdings Inc 4.35% 4/20/2028
|
2,500,000
|
2,512,561
|
|
Fiserv Inc 3.5% 7/1/2029
|
850,000
|
825,680
|
|
Fiserv Inc 4.2% 10/1/2028
|
686,000
|
686,171
|
|
Fiserv Inc 4.55% 2/15/2031
|
830,000
|
827,386
|
|
Fiserv Inc 5.15% 3/15/2027
|
1,805,000
|
1,822,421
|
|
Fiserv Inc 5.375% 8/21/2028
|
1,090,000
|
1,117,123
|
|
Jackson Financial Inc 5.17% 6/8/2027
|
2,500,000
|
2,530,403
|
|
National Rural Utilities Cooperative Finance Corp 4.05% 2/9/2029
|
2,025,000
|
2,034,852
|
|
Penske Truck Leasing Co Lp / PTL Finance Corp 1.7% 6/15/2026 (d)
|
364,000
|
361,528
|
|
Penske Truck Leasing Co Lp / PTL Finance Corp 3.4% 11/15/2026 (d)
|
590,000
|
586,875
|
|
Penske Truck Leasing Co Lp / PTL Finance Corp 4.4% 7/1/2027 (d)
|
129,000
|
129,569
|
|
Penske Truck Leasing Co Lp / PTL Finance Corp 5.35% 1/12/2027 (d)
|
515,000
|
520,199
|
|
Penske Truck Leasing Co Lp / PTL Finance Corp 5.75% 5/24/2026 (d)
|
2,170,000
|
2,175,133
|
|
Western Union Co/The 1.35% 3/15/2026
|
2,954,000
|
2,950,610
|
|
24,403,016
|
|||
Insurance - 0.7%
|
|||
Brighthouse Financial Global Funding 1.55% 5/24/2026 (d)
|
250,000
|
248,209
|
|
Brown & Brown Inc 4.7% 6/23/2028
|
420,000
|
423,972
|
|
CNO Global Funding 1.75% 10/7/2026 (d)
|
1,810,000
|
1,785,204
|
|
CNO Global Funding 4.875% 12/10/2027 (d)
|
410,000
|
413,951
|
|
Corebridge Global Funding 4.25% 8/21/2028 (d)
|
760,000
|
762,352
|
|
Corebridge Global Funding 4.65% 8/20/2027 (d)
|
415,000
|
418,880
|
|
Corebridge Global Funding 4.9% 1/7/2028 (d)
|
2,500,000
|
2,542,434
|
|
Corebridge Global Funding 5.2% 1/12/2029 (d)
|
325,000
|
334,580
|
|
Equitable Financial Life Global Funding 4.6% 4/1/2027 (d)
|
1,597,000
|
1,608,481
|
|
Health Care Service Corp 5.2% 6/15/2029 (d)
|
2,085,000
|
2,144,191
|
|
Jackson National Life Global Funding 5.55% 7/2/2027 (d)
|
2,604,000
|
2,651,092
|
|
Jackson National Life Global Funding 5.6% 4/10/2026 (d)
|
1,220,000
|
1,222,101
|
|
Lincoln Financial Global Funding 5.3% 1/13/2030 (d)
|
1,598,000
|
1,641,770
|
|
MassMutual Global Funding II 4% 1/22/2029 (d)
|
788,000
|
789,580
|
|
RGA Global Funding 4.35% 8/25/2028 (d)
|
3,720,000
|
3,738,860
|
|
RGA Global Funding 4.6% 11/25/2030 (d)
|
1,180,000
|
1,189,000
|
|
Trinity Acq PLC 4.4% 3/15/2026
|
250,000
|
249,993
|
|
Western-Southern Global Funding 4.25% 1/29/2029 (d)
|
1,720,000
|
1,727,630
|
|
23,892,280
|
|||
TOTAL FINANCIALS
|
180,576,671
|
||
Health Care - 0.9%
|
|||
Biotechnology - 0.1%
|
|||
AbbVie Inc 3.775% 3/3/2028
|
2,375,000
|
2,378,144
|
|
AbbVie Inc 4.125% 3/15/2031
|
660,000
|
662,097
|
|
3,040,241
|
|||
Health Care Equipment & Supplies - 0.2%
|
|||
Becton Dickinson & Co 4.693% 2/13/2028
|
1,325,000
|
1,343,113
|
|
Medline Borrower LP 3.875% 4/1/2029 (d)
|
3,120,000
|
3,068,556
|
|
Medline Borrower LP/Medline Co-Issuer Inc 6.25% 4/1/2029 (d)
|
199,000
|
205,362
|
|
Solventum Corp 5.45% 2/25/2027
|
617,000
|
625,304
|
|
Stryker Corp 4.7% 2/10/2028
|
922,000
|
935,808
|
|
6,178,143
|
|||
Health Care Providers & Services - 0.5%
|
|||
Cencora Inc 3.45% 12/15/2027
|
190,000
|
188,576
|
|
Cencora Inc 3.95% 2/13/2029
|
660,000
|
660,280
|
|
Cencora Inc 4.625% 12/15/2027
|
500,000
|
506,253
|
|
Centene Corp 4.625% 12/15/2029
|
1,235,000
|
1,205,071
|
|
CVS Health Corp 1.3% 8/21/2027
|
2,675,000
|
2,575,529
|
|
CVS Health Corp 2.875% 6/1/2026
|
733,000
|
731,153
|
|
CVS Health Corp 3% 8/15/2026
|
415,000
|
413,150
|
|
CVS Health Corp 4.3% 3/25/2028
|
3,230,000
|
3,248,971
|
|
HCA Inc 3.125% 3/15/2027
|
1,140,000
|
1,130,524
|
|
HCA Inc 4.3% 11/15/2030
|
380,000
|
380,728
|
|
HCA Inc 5.625% 9/1/2028
|
1,850,000
|
1,909,017
|
|
Highmark Inc 1.45% 5/10/2026 (d)
|
435,000
|
432,232
|
|
Humana Inc 5.75% 12/1/2028
|
912,000
|
945,277
|
|
Humana Inc 5.75% 3/1/2028
|
300,000
|
308,195
|
|
Icon Investments Six DAC 5.809% 5/8/2027
|
1,940,000
|
1,957,343
|
|
16,592,299
|
|||
Health Care Technology - 0.0%
|
|||
IQVIA Inc 6.25% 2/1/2029
|
440,000
|
462,455
|
|
Life Sciences Tools & Services - 0.0%
|
|||
Revvity Inc 1.9% 9/15/2028
|
1,054,000
|
998,343
|
|
Thermo Fisher Scientific Inc 4.215% 2/12/2031
|
1,095,000
|
1,103,987
|
|
2,102,330
|
|||
Pharmaceuticals - 0.1%
|
|||
Utah Acquisition Sub Inc 3.95% 6/15/2026
|
1,230,000
|
1,228,607
|
|
Viatris Inc 2.3% 6/22/2027
|
1,236,000
|
1,205,488
|
|
2,434,095
|
|||
TOTAL HEALTH CARE
|
30,809,563
|
||
Industrials - 0.6%
|
|||
Aerospace & Defense - 0.2%
|
|||
Boeing Co 3.2% 3/1/2029
|
845,000
|
825,643
|
|
Boeing Co 3.25% 2/1/2028
|
1,500,000
|
1,482,051
|
|
Boeing Co 3.25% 3/1/2028
|
1,500,000
|
1,481,419
|
|
Boeing Co 6.259% 5/1/2027
|
1,695,000
|
1,736,422
|
|
Huntington Ingalls Industries Inc 5.353% 1/15/2030
|
330,000
|
342,419
|
|
RTX Corp 6.7% 8/1/2028
|
678,000
|
719,790
|
|
RTX Corp 7% 11/1/2028
|
644,000
|
683,164
|
|
7,270,908
|
|||
Building Products - 0.0%
|
|||
Owens Corning 3.4% 8/15/2026
|
517,000
|
515,256
|
|
Owens Corning 5.5% 6/15/2027
|
690,000
|
702,625
|
|
1,217,881
|
|||
Electrical Equipment - 0.0%
|
|||
Regal Rexnord Corp 6.05% 4/15/2028
|
1,045,000
|
1,083,583
|
|
Ground Transportation - 0.1%
|
|||
Uber Technologies Inc 4.5% 8/15/2029 (d)
|
1,842,000
|
1,843,463
|
|
Machinery - 0.0%
|
|||
Fortive Corp 3.15% 6/15/2026
|
1,133,000
|
1,129,000
|
|
Passenger Airlines - 0.1%
|
|||
Delta Air Lines Inc 4.95% 7/10/2028
|
695,000
|
706,553
|
|
Southwest Airlines Co 4.375% 11/15/2028
|
1,185,000
|
1,195,147
|
|
1,901,700
|
|||
Professional Services - 0.1%
|
|||
Booz Allen Hamilton Inc 3.875% 9/1/2028 (d)
|
2,165,000
|
2,131,876
|
|
Booz Allen Hamilton Inc 4% 7/1/2029 (d)
|
990,000
|
969,978
|
|
Leidos Inc 4.1% 3/15/2029 (f)
|
1,425,000
|
1,428,649
|
|
4,530,503
|
|||
Trading Companies & Distributors - 0.1%
|
|||
GATX Corp 3.25% 9/15/2026
|
455,000
|
453,036
|
|
GATX Corp 3.85% 3/30/2027
|
1,189,000
|
1,187,761
|
|
GATX Corp 5.4% 3/15/2027
|
820,000
|
831,569
|
|
2,472,366
|
|||
TOTAL INDUSTRIALS
|
21,449,404
|
||
Information Technology - 0.6%
|
|||
Electronic Equipment, Instruments & Components - 0.2%
|
|||
Amphenol Corp 4.75% 3/30/2026
|
340,000
|
340,171
|
|
Dell International LLC / EMC Corp 4.75% 4/1/2028
|
3,005,000
|
3,053,087
|
|
Dell International LLC / EMC Corp 4.9% 10/1/2026
|
1,750,000
|
1,756,102
|
|
5,149,360
|
|||
IT Services - 0.0%
|
|||
Gartner Inc 4.5% 7/1/2028 (d)
|
2,213,000
|
2,181,716
|
|
Semiconductors & Semiconductor Equipment - 0.2%
|
|||
Broadcom Inc 5.05% 7/12/2029
|
2,400,000
|
2,483,246
|
|
Foundry JV Holdco LLC 5.5% 1/25/2031 (d)
|
380,000
|
396,541
|
|
Foundry JV Holdco LLC 5.9% 1/25/2030 (d)
|
330,000
|
348,258
|
|
Intel Corp 3.15% 5/11/2027
|
376,000
|
372,349
|
|
Intel Corp 3.75% 8/5/2027
|
655,000
|
652,874
|
|
Marvell Technology Inc 1.65% 4/15/2026
|
510,000
|
508,519
|
|
Marvell Technology Inc 4.75% 7/15/2030
|
310,000
|
316,041
|
|
Marvell Technology Inc 4.875% 6/22/2028
|
1,520,000
|
1,549,175
|
|
6,627,003
|
|||
Software - 0.2%
|
|||
Atlassian Corp 5.25% 5/15/2029
|
425,000
|
432,504
|
|
Fortinet Inc 1% 3/15/2026
|
1,485,000
|
1,482,351
|
|
Oracle Corp 4.45% 9/26/2030
|
1,275,000
|
1,250,461
|
|
Synopsys Inc 4.65% 4/1/2028
|
2,075,000
|
2,101,427
|
|
Workday Inc 3.5% 4/1/2027
|
525,000
|
522,157
|
|
5,788,900
|
|||
TOTAL INFORMATION TECHNOLOGY
|
19,746,979
|
||
Materials - 0.2%
|
|||
Chemicals - 0.1%
|
|||
Celanese US Holdings LLC 1.4% 8/5/2026
|
930,000
|
916,216
|
|
Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP 3.4% 12/1/2026 (d)
|
2,600,000
|
2,590,286
|
|
3,506,502
|
|||
Construction Materials - 0.0%
|
|||
Amrize Finance US LLC 4.7% 4/7/2028
|
1,025,000
|
1,040,868
|
|
Amrize Finance US LLC 4.95% 4/7/2030
|
375,000
|
385,811
|
|
1,426,679
|
|||
Containers & Packaging - 0.0%
|
|||
AptarGroup Inc 4.75% 3/30/2031
|
360,000
|
365,348
|
|
Metals & Mining - 0.1%
|
|||
Freeport-McMoRan Inc 4.125% 3/1/2028
|
276,000
|
276,014
|
|
Freeport-McMoRan Inc 4.375% 8/1/2028
|
160,000
|
160,180
|
|
Freeport-McMoRan Inc 5.25% 9/1/2029
|
323,000
|
327,953
|
|
Steel Dynamics Inc 4% 12/15/2028
|
1,775,000
|
1,776,480
|
|
2,540,627
|
|||
TOTAL MATERIALS
|
7,839,156
|
||
Real Estate - 0.5%
|
|||
Diversified REITs - 0.1%
|
|||
VICI Properties LP 4.75% 4/1/2028
|
2,400,000
|
2,423,580
|
|
Health Care REITs - 0.1%
|
|||
Ventas Realty LP 4% 3/1/2028
|
2,500,000
|
2,498,889
|
|
Real Estate Management & Development - 0.0%
|
|||
CBRE Services Inc 5.1% 6/15/2030
|
390,000
|
397,836
|
|
Essex Portfolio LP 3.375% 4/15/2026
|
794,000
|
793,080
|
|
Extra Space Storage LP 3.875% 12/15/2027
|
1,065,000
|
1,064,115
|
|
2,255,031
|
|||
Residential REITs - 0.0%
|
|||
American Homes 4 Rent LP 4.25% 2/15/2028
|
900,000
|
901,782
|
|
Specialized REITs - 0.3%
|
|||
American Tower Corp 1.5% 1/31/2028
|
2,700,000
|
2,580,985
|
|
American Tower Corp 1.6% 4/15/2026
|
2,043,000
|
2,037,123
|
|
American Tower Corp 3.55% 7/15/2027
|
645,000
|
641,746
|
|
Crown Castle Inc 1.05% 7/15/2026
|
1,005,000
|
994,029
|
|
Crown Castle Inc 2.9% 3/15/2027
|
1,115,000
|
1,102,846
|
|
Crown Castle Inc 4.3% 2/15/2029
|
335,000
|
336,700
|
|
Crown Castle Inc 4.8% 9/1/2028
|
835,000
|
848,854
|
|
Crown Castle Inc 5% 1/11/2028
|
600,000
|
610,489
|
|
Crown Castle Inc 5.6% 6/1/2029
|
515,000
|
536,481
|
|
9,689,253
|
|||
TOTAL REAL ESTATE
|
17,768,535
|
||
Utilities - 0.8%
|
|||
Electric Utilities - 0.6%
|
|||
American Electric Power Co Inc 5.2% 1/15/2029
|
1,165,000
|
1,204,640
|
|
Appalachian Power Co 3.3% 6/1/2027
|
1,723,000
|
1,706,614
|
|
DTE Electric Co 4.25% 5/14/2027
|
474,000
|
477,261
|
|
Duke Energy Corp 4.3% 3/15/2028
|
2,500,000
|
2,519,943
|
|
Exelon Corp 5.15% 3/15/2029
|
380,000
|
392,798
|
|
FirstEnergy Corp 3.9% 7/15/2027 (e)
|
1,507,000
|
1,513,222
|
|
FirstEnergy Transmission LLC 4.55% 1/15/2030
|
310,000
|
314,621
|
|
Jersey Central Power & Light Co 4.15% 1/15/2029 (d)
|
2,000,000
|
2,008,326
|
|
NextEra Energy Capital Holdings Inc 1.875% 1/15/2027
|
1,255,000
|
1,233,715
|
|
NextEra Energy Capital Holdings Inc 4.6% 9/1/2027
|
255,000
|
257,892
|
|
NextEra Energy Capital Holdings Inc 4.685% 9/1/2027
|
1,187,000
|
1,200,460
|
|
Niagara Mohawk Power Corp 4.647% 10/3/2030 (d)
|
655,000
|
665,252
|
|
Pacific Gas and Electric Co 3.3% 12/1/2027
|
320,000
|
316,146
|
|
Pacific Gas and Electric Co 3.3% 3/15/2027
|
266,000
|
264,113
|
|
Pacific Gas and Electric Co 5% 6/4/2028
|
610,000
|
621,404
|
|
Pacific Gas and Electric Co 5.45% 6/15/2027
|
135,000
|
137,207
|
|
Southern California Edison Co 5.15% 6/1/2029
|
1,020,000
|
1,049,287
|
|
Southern Co/The 5.113% 8/1/2027 (e)
|
705,000
|
716,627
|
|
Vistra Operations Co LLC 5.05% 12/30/2026 (d)
|
633,000
|
639,871
|
|
17,239,399
|
|||
Gas Utilities - 0.0%
|
|||
Southern Co Gas Capital Corp 4.05% 9/15/2028
|
690,000
|
692,014
|
|
Independent Power and Renewable Electricity Producers - 0.1%
|
|||
AES Corp/The 5.45% 6/1/2028
|
2,500,000
|
2,557,747
|
|
Constellation Energy Generation LLC 5.6% 3/1/2028
|
269,000
|
277,444
|
|
2,835,191
|
|||
Multi-Utilities - 0.1%
|
|||
Ameren Corp 1.95% 3/15/2027
|
578,000
|
566,296
|
|
DTE Energy Co 4.875% 6/1/2028
|
830,000
|
845,984
|
|
DTE Energy Co 4.95% 7/1/2027
|
600,000
|
607,147
|
|
DTE Energy Co 5.2% 4/1/2030
|
820,000
|
852,640
|
|
NiSource Inc 5.25% 3/30/2028
|
210,000
|
215,323
|
|
Public Service Enterprise Group Inc 4.9% 3/15/2030
|
1,275,000
|
1,312,692
|
|
Sempra 5.4% 8/1/2026
|
330,000
|
331,510
|
|
4,731,592
|
|||
TOTAL UTILITIES
|
25,498,196
|
||
TOTAL UNITED STATES
|
392,020,135
|
||
|
TOTAL NON-CONVERTIBLE CORPORATE BONDS
(Cost $606,667,639)
|
610,806,748
|
||
Short-Term Funds - 23.7%
|
|||
Shares
|
Value ($)
|
||
Baird Ultra Short Bond Fund Institutional Class
|
127,856
|
1,293,900
|
|
JPMorgan Ultra-Short Income ETF
|
5,002,562
|
253,930,047
|
|
Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio Class IR
|
4,279,814
|
42,755,340
|
|
PIMCO Short-Term Fund Institutional Class
|
28,918,720
|
280,222,401
|
|
T. Rowe Price Ultra Short-Term Bond Fund
|
39,873,967
|
202,958,491
|
|
|
TOTAL SHORT-TERM FUNDS
(Cost $773,216,157)
|
781,160,179
|
||
U.S. Government Agency - Mortgage Securities - 1.5%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
UNITED STATES - 1.5%
|
|||
Fannie Mae 5.5% 9/1/2053
|
78,583
|
80,904
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.523%, 6.096% 7/1/2035 (b)(c)
|
1,318
|
1,358
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.613%, 6.095% 12/1/2035 (b)(c)
|
3,205
|
3,326
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.655%, 6.28% 8/1/2037 (b)(c)
|
594
|
616
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.788%, 6.788% 5/1/2038 (b)(c)
|
2,048
|
2,136
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.83%, 6.83% 4/1/2038 (b)(c)
|
4,572
|
4,776
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.853%, 6.574% 8/1/2038 (b)(c)
|
3,780
|
3,959
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 1.907%, 6.907% 5/1/2038 (b)(c)
|
5,051
|
5,284
|
|
Fannie Mae Mortgage pass-thru certificates 1 year FTSE USD IBOR Consumer Fallbacks + 2.04%, 6.415% 12/1/2036 (b)(c)
|
805
|
842
|
|
Fannie Mae Mortgage pass-thru certificates 2% 10/1/2050
|
196,820
|
164,766
|
|
Fannie Mae Mortgage pass-thru certificates 2% 2/1/2052
|
196,058
|
163,393
|
|
Fannie Mae Mortgage pass-thru certificates 2.5% 1/1/2054
|
719,847
|
627,409
|
|
Fannie Mae Mortgage pass-thru certificates 3% 12/1/2034
|
331,013
|
323,456
|
|
Fannie Mae Mortgage pass-thru certificates 3% 2/1/2030
|
4,591
|
4,532
|
|
Fannie Mae Mortgage pass-thru certificates 3% 3/1/2050
|
184,809
|
168,654
|
|
Fannie Mae Mortgage pass-thru certificates 3% 7/1/2050
|
109,718
|
100,207
|
|
Fannie Mae Mortgage pass-thru certificates 3% 9/1/2028
|
109,273
|
108,201
|
|
Fannie Mae Mortgage pass-thru certificates 3.5% 11/1/2026
|
6,268
|
6,246
|
|
Fannie Mae Mortgage pass-thru certificates 3.5% 2/1/2048
|
410,196
|
391,670
|
|
Fannie Mae Mortgage pass-thru certificates 3.5% 2/1/2048
|
54,151
|
51,705
|
|
Fannie Mae Mortgage pass-thru certificates 3.5% 6/1/2032
|
9,768
|
9,727
|
|
Fannie Mae Mortgage pass-thru certificates 3.5% 7/1/2050
|
16,174
|
15,256
|
|
Fannie Mae Mortgage pass-thru certificates 4% 1/1/2047
|
132,905
|
131,206
|
|
Fannie Mae Mortgage pass-thru certificates 4% 11/1/2049
|
55,991
|
54,960
|
|
Fannie Mae Mortgage pass-thru certificates 4% 12/1/2049
|
16,519
|
16,215
|
|
Fannie Mae Mortgage pass-thru certificates 4% 5/1/2052
|
715,529
|
698,779
|
|
Fannie Mae Mortgage pass-thru certificates 4% 8/1/2052
|
758,216
|
738,098
|
|
Fannie Mae Mortgage pass-thru certificates 4% 9/1/2052
|
1,588,918
|
1,546,013
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 1/1/2050
|
26,469
|
26,471
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 10/1/2048
|
367,432
|
369,178
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 10/1/2048
|
5,561
|
5,565
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 11/1/2048
|
51,028
|
51,017
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 11/1/2054
|
777,355
|
769,352
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 3/1/2046
|
256,615
|
260,772
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 5/1/2041
|
103,427
|
105,193
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 7/1/2049
|
3,417
|
3,419
|
|
Fannie Mae Mortgage pass-thru certificates 4.5% 9/1/2048
|
33,362
|
33,385
|
|
Fannie Mae Mortgage pass-thru certificates 5% 1/1/2056
|
757,981
|
761,936
|
|
Fannie Mae Mortgage pass-thru certificates 5% 10/1/2033
|
126,900
|
130,146
|
|
Fannie Mae Mortgage pass-thru certificates 5% 10/1/2055
|
631,237
|
637,883
|
|
Fannie Mae Mortgage pass-thru certificates 5% 2/1/2036
|
8,122
|
8,369
|
|
Fannie Mae Mortgage pass-thru certificates 5% 3/1/2050
|
926,183
|
950,696
|
|
Fannie Mae Mortgage pass-thru certificates 5% 4/1/2038
|
3,941
|
4,073
|
|
Fannie Mae Mortgage pass-thru certificates 5% 6/1/2035
|
101,608
|
104,566
|
|
Fannie Mae Mortgage pass-thru certificates 5% 6/1/2035
|
15,442
|
15,869
|
|
Fannie Mae Mortgage pass-thru certificates 5% 6/1/2035
|
5,777
|
5,937
|
|
Fannie Mae Mortgage pass-thru certificates 5% 6/1/2039
|
58,612
|
60,219
|
|
Fannie Mae Mortgage pass-thru certificates 5% 6/1/2040
|
54,916
|
56,833
|
|
Fannie Mae Mortgage pass-thru certificates 5% 7/1/2035
|
43,843
|
45,063
|
|
Fannie Mae Mortgage pass-thru certificates 5% 7/1/2045
|
31,313
|
32,399
|
|
Fannie Mae Mortgage pass-thru certificates 5% 9/1/2053
|
3,883,623
|
3,937,867
|
|
Fannie Mae Mortgage pass-thru certificates 5% 9/1/2053
|
702,555
|
713,246
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 1/1/2035
|
149,312
|
155,696
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 1/1/2037
|
966
|
1,009
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 1/1/2038
|
1,617
|
1,696
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 10/1/2035
|
14,280
|
14,927
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 10/1/2053
|
1,547,951
|
1,592,724
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 10/1/2055
|
911,525
|
932,762
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 12/1/2039
|
13,438
|
14,095
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 2/1/2054
|
1,328,429
|
1,366,437
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 3/1/2036
|
3,453
|
3,612
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 3/1/2054
|
739,382
|
760,767
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 4/1/2036
|
6,293
|
6,583
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 5/1/2036
|
4,317
|
4,517
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 5/1/2039
|
12,739
|
13,357
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 5/1/2054
|
144,028
|
148,093
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 6/1/2039
|
12,675
|
13,297
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 7/1/2034
|
25,156
|
26,201
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 8/1/2037
|
32,440
|
33,874
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 8/1/2037
|
29,533
|
30,829
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 8/1/2037
|
23,310
|
24,358
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 8/1/2037
|
10,004
|
10,440
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 9/1/2054
|
3,171,277
|
3,246,899
|
|
Fannie Mae Mortgage pass-thru certificates 5.5% 9/1/2055
|
1,553,684
|
1,589,884
|
|
Fannie Mae Mortgage pass-thru certificates 6 month FTSE USD IBOR Consumer Fallbacks + 1.372%, 5.96% 10/1/2033 (b)(c)
|
11,322
|
11,534
|
|
Fannie Mae Mortgage pass-thru certificates 6% 1/1/2037
|
1,000
|
1,062
|
|
Fannie Mae Mortgage pass-thru certificates 6% 1/1/2041
|
10,352
|
11,008
|
|
Fannie Mae Mortgage pass-thru certificates 6% 11/1/2034
|
4,764
|
5,013
|
|
Fannie Mae Mortgage pass-thru certificates 6% 12/1/2034
|
1,152
|
1,211
|
|
Fannie Mae Mortgage pass-thru certificates 6% 2/1/2037
|
3,195
|
3,377
|
|
Fannie Mae Mortgage pass-thru certificates 6% 2/1/2049
|
456,657
|
483,520
|
|
Fannie Mae Mortgage pass-thru certificates 6% 3/1/2034
|
42,263
|
44,183
|
|
Fannie Mae Mortgage pass-thru certificates 6% 3/1/2037
|
3,298
|
3,486
|
|
Fannie Mae Mortgage pass-thru certificates 6% 4/1/2035
|
7,583
|
7,983
|
|
Fannie Mae Mortgage pass-thru certificates 6% 4/1/2040
|
32,863
|
34,944
|
|
Fannie Mae Mortgage pass-thru certificates 6% 5/1/2037
|
3,563
|
3,771
|
|
Fannie Mae Mortgage pass-thru certificates 6% 5/1/2038
|
2,245
|
2,384
|
|
Fannie Mae Mortgage pass-thru certificates 6% 6/1/2036
|
1,200
|
1,268
|
|
Fannie Mae Mortgage pass-thru certificates 6% 6/1/2054
|
410,032
|
423,796
|
|
Fannie Mae Mortgage pass-thru certificates 6% 7/1/2054
|
57,174
|
59,111
|
|
Fannie Mae Mortgage pass-thru certificates 6% 8/1/2054
|
328,128
|
339,630
|
|
Fannie Mae Mortgage pass-thru certificates 6% 9/1/2039
|
51,358
|
54,601
|
|
Fannie Mae Mortgage pass-thru certificates 6.5% 1/1/2055
|
72,510
|
75,275
|
|
Fannie Mae Mortgage pass-thru certificates 6.5% 12/1/2032
|
11,469
|
11,995
|
|
Fannie Mae Mortgage pass-thru certificates 6.5% 2/1/2055
|
194,904
|
204,372
|
|
Fannie Mae Mortgage pass-thru certificates 6.5% 7/1/2032
|
12,970
|
13,580
|
|
Freddie Mac Gold Pool 2.5% 1/1/2052
|
746,095
|
656,581
|
|
Freddie Mac Gold Pool 2.5% 4/1/2052
|
402,679
|
354,241
|
|
Freddie Mac Gold Pool 3% 11/1/2034
|
127,925
|
125,085
|
|
Freddie Mac Gold Pool 3.5% 12/1/2047
|
475,338
|
454,400
|
|
Freddie Mac Gold Pool 3.5% 2/1/2052
|
868,520
|
821,725
|
|
Freddie Mac Gold Pool 4% 12/1/2049
|
103,469
|
101,791
|
|
Freddie Mac Gold Pool 4.5% 5/1/2050
|
93,843
|
93,849
|
|
Freddie Mac Gold Pool 4.5% 9/1/2052
|
2,333,633
|
2,317,010
|
|
Freddie Mac Gold Pool 5% 12/1/2041
|
179,242
|
185,529
|
|
Freddie Mac Gold Pool 5% 6/1/2055
|
15,836
|
15,971
|
|
Freddie Mac Gold Pool 5.5% 10/1/2038
|
1,218
|
1,280
|
|
Freddie Mac Gold Pool 5.5% 10/1/2055
|
828,593
|
845,568
|
|
Freddie Mac Gold Pool 5.5% 4/1/2055
|
1,373,550
|
1,402,870
|
|
Freddie Mac Gold Pool 5.5% 7/1/2055
|
712,394
|
727,255
|
|
Freddie Mac Gold Pool 6% 10/1/2054
|
642,680
|
663,731
|
|
Freddie Mac Gold Pool 6% 10/1/2054
|
192,693
|
199,447
|
|
Freddie Mac Gold Pool 6% 12/1/2054
|
971,787
|
999,473
|
|
Freddie Mac Gold Pool 6% 2/1/2035
|
27,870
|
29,309
|
|
Freddie Mac Gold Pool 6% 2/1/2055
|
2,313,421
|
2,383,238
|
|
Freddie Mac Gold Pool 6% 5/1/2055
|
192,693
|
199,348
|
|
Freddie Mac Gold Pool 6% 6/1/2055
|
726,746
|
749,211
|
|
Freddie Mac Gold Pool 6% 8/1/2055
|
746,744
|
771,461
|
|
Freddie Mac Gold Pool 6% 9/1/2034
|
1,517
|
1,588
|
|
Freddie Mac Gold Pool 6% 9/1/2035
|
9,502
|
10,007
|
|
Freddie Mac Gold Pool 6.5% 9/1/2054
|
412,769
|
432,368
|
|
Freddie Mac Gold Pool 6.5% 9/1/2054
|
107,482
|
111,836
|
|
Freddie Mac Gold Pool 7% 3/1/2039
|
44,836
|
47,691
|
|
Freddie Mac Gold Pool 7.5% 6/1/2038
|
39,356
|
41,831
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.625%, 6.477% 6/1/2038 (b)(c)
|
6,376
|
6,611
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.726%, 6.356% 7/1/2035 (b)(c)
|
1,550
|
1,602
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.733%, 5.983% 2/1/2037 (b)(c)
|
1,433
|
1,486
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.733%, 6.358% 10/1/2036 (b)(c)
|
3,294
|
3,414
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.7709%, 6.616% 5/1/2038 (b)(c)
|
4,028
|
4,191
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.775%, 6.689% 5/1/2037 (b)(c)
|
1,184
|
1,231
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.911%, 6.219% 12/1/2036 (b)(c)
|
2,137
|
2,234
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 1.934%, 6.183% 2/1/2037 (b)(c)
|
751
|
782
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 2.032%, 6.398% 11/1/2036 (b)(c)
|
2,175
|
2,280
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 2.0686%, 6.318% 2/1/2037 (b)(c)
|
1,019
|
1,064
|
|
Freddie Mac Non Gold Pool 1 year FTSE USD IBOR Consumer Fallbacks + 2.083%, 6.957% 2/1/2038 (b)(c)
|
8,975
|
9,406
|
|
Freddie Mac Non Gold Pool 1 year U.S. Treasury Index + 2.347%, 6.111% 11/1/2034 (b)(c)
|
3,642
|
3,769
|
|
Freddie Mac Non Gold Pool 6% 5/1/2055
|
610,587
|
629,738
|
|
Freddie Mac Non Gold Pool 6.5% 6/1/2055
|
1,011,018
|
1,055,881
|
|
Freddie Mac STACR REMIC Trust Series DNA3 Class M1, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 9/25/2045 (b)(c)(d)
|
613,625
|
614,563
|
|
Ginnie Mae I Pool 3.5% 7/20/2052
|
654,249
|
620,579
|
|
Ginnie Mae I Pool 3.5% 8/20/2044
|
131,079
|
125,447
|
|
Ginnie Mae I Pool 4% 10/20/2052
|
771,384
|
748,041
|
|
Ginnie Mae I Pool 4% 3/20/2048
|
46,811
|
45,775
|
|
Ginnie Mae I Pool 4% 4/20/2050
|
41,373
|
40,302
|
|
Ginnie Mae I Pool 4% 4/20/2050
|
31,328
|
30,498
|
|
Ginnie Mae I Pool 4% 4/20/2050
|
20,690
|
20,155
|
|
Ginnie Mae I Pool 4% 4/20/2050
|
17,382
|
16,921
|
|
Ginnie Mae I Pool 6% 7/15/2036
|
69,787
|
73,259
|
|
Ginnie Mae II Pool 3% 9/20/2047
|
757,489
|
703,208
|
|
Ginnie Mae II Pool 3.5% 1/20/2047
|
58,599
|
56,275
|
|
Ginnie Mae II Pool 3.5% 10/20/2046
|
921
|
885
|
|
Ginnie Mae II Pool 3.5% 11/20/2046
|
54,854
|
52,712
|
|
Ginnie Mae II Pool 3.5% 11/20/2050
|
705,107
|
672,952
|
|
Ginnie Mae II Pool 3.5% 2/20/2052
|
819,347
|
776,349
|
|
Ginnie Mae II Pool 4% 4/20/2050
|
43,458
|
42,333
|
|
Ginnie Mae II Pool 4% 4/20/2050
|
18,255
|
17,800
|
|
Ginnie Mae II Pool 4% 4/20/2050
|
12,539
|
12,226
|
|
Ginnie Mae II Pool 4% 4/20/2050
|
10,249
|
9,977
|
|
Ginnie Mae II Pool 4% 4/20/2050
|
4,374
|
4,258
|
|
Ginnie Mae II Pool 4% 8/20/2050
|
23,972
|
23,434
|
|
Ginnie Mae II Pool 4.5% 7/20/2041
|
190,348
|
192,586
|
|
Ginnie Mae II Pool 4.5% 9/20/2040
|
39,503
|
39,967
|
|
Ginnie Mae II Pool 5% 1/20/2036
|
3,958
|
4,057
|
|
Ginnie Mae II Pool 5% 1/20/2048
|
40,444
|
41,535
|
|
Ginnie Mae II Pool 5% 11/20/2039
|
115,135
|
118,487
|
|
Ginnie Mae II Pool 5% 12/20/2034
|
7,418
|
7,594
|
|
Ginnie Mae II Pool 5% 12/20/2035
|
4,854
|
4,975
|
|
Ginnie Mae II Pool 5% 2/20/2040
|
8,010
|
8,244
|
|
Ginnie Mae II Pool 5% 2/20/2048
|
154,562
|
158,876
|
|
Ginnie Mae II Pool 5% 3/20/2041
|
4,455
|
4,589
|
|
Ginnie Mae II Pool 5% 5/20/2036
|
5,058
|
5,187
|
|
Ginnie Mae II Pool 5% 5/20/2048
|
14,344
|
14,722
|
|
Ginnie Mae II Pool 5.5% 2/20/2049
|
63,619
|
66,071
|
|
TOTAL UNITED STATES
|
48,144,531
|
||
|
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
(Cost $48,242,511)
|
48,144,531
|
||
Commercial Paper - 0.8%
|
||||
Yield (%) (h)
|
Principal
Amount (a)
|
Value ($)
|
||
Bacardi-Martini BV yankee 0% 3/27/2026
|
4.11
|
810,000
|
807,399
|
|
Brunswick Corp/DE 0% 3/3/2026
|
4.20
|
2,530,000
|
2,528,807
|
|
Crown Castle Inc 0% 3/12/2026
|
4.11
|
1,730,000
|
1,727,383
|
|
Crown Castle Inc 0% 3/19/2026
|
4.10
|
2,200,000
|
2,194,886
|
|
Edison International 0% 3/16/2026
|
4.23
|
1,550,000
|
1,546,979
|
|
Edison International 0% 3/19/2026
|
4.21
|
1,690,000
|
1,686,120
|
|
Harley-Davidson Financial Services Inc 0% 3/17/2026
|
4.21
|
1,995,000
|
1,991,052
|
|
Harley-Davidson Financial Services Inc 0% 3/4/2026
|
4.14
|
1,505,000
|
1,504,190
|
|
HCA Inc 0% 3/2/2026
|
4.07
|
2,370,000
|
2,369,207
|
|
HCA Inc 0% 5/12/2026
|
4.24
|
2,520,000
|
2,499,126
|
|
HCA Inc 0% 5/14/2026
|
4.30
|
1,720,000
|
1,704,803
|
|
Ovintiv Inc 0% 3/19/2026
|
4.22
|
1,990,000
|
1,985,392
|
|
Ovintiv Inc 0% 3/20/2026
|
4.22
|
2,115,000
|
2,109,852
|
|
Southern California Edison Co 0% 3/27/2026
|
4.22
|
2,095,000
|
2,088,285
|
|
|
TOTAL COMMERCIAL PAPER
(Cost $26,748,456)
|
26,743,481
|
|||
U.S. Treasury Obligations - 18.3%
|
||||
Yield (%) (h)
|
Principal
Amount (a)
|
Value ($)
|
||
US Treasury Notes 3.375% 11/30/2027
|
3.48 to 3.53
|
37,675,000
|
37,651,453
|
|
US Treasury Notes 3.375% 12/31/2027
|
3.45 to 3.61
|
142,525,000
|
142,447,057
|
|
US Treasury Notes 3.5% 1/31/2028
|
3.45
|
975,000
|
976,866
|
|
US Treasury Notes 3.5% 10/31/2027 (i)
|
3.58 to 3.60
|
5,570,000
|
5,576,310
|
|
US Treasury Notes 3.5% 11/15/2028
|
3.53
|
85,486,000
|
85,729,768
|
|
US Treasury Notes 3.5% 12/15/2028
|
3.53 to 3.60
|
109,614,200
|
109,939,617
|
|
US Treasury Notes 3.5% 2/15/2029
|
3.39
|
8,872,700
|
8,900,427
|
|
US Treasury Notes 3.75% 5/15/2028
|
3.38
|
87,450,400
|
88,110,712
|
|
US Treasury Notes 3.875% 3/15/2028 (i)
|
3.48 to 3.54
|
53,817,300
|
54,330,246
|
|
US Treasury Notes 3.875% 6/15/2028
|
3.37
|
69,946,500
|
70,703,343
|
|
|
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $603,079,138)
|
604,365,799
|
|||
Money Market Funds - 2.4%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (j)
|
3.70
|
12,879,955
|
12,882,531
|
|
Fidelity Investments Money Market Government Portfolio - Institutional Class (k)(l)
|
3.59
|
55,428,962
|
55,428,962
|
|
State Street Institutional U.S. Government Money Market Fund Premier Class (l)
|
3.63
|
12,182,263
|
12,182,263
|
|
|
TOTAL MONEY MARKET FUNDS
(Cost $80,493,756)
|
80,493,756
|
|||
|
TOTAL INVESTMENT IN SECURITIES - 100.4%
(Cost $3,303,043,367)
|
3,322,168,236
|
NET OTHER ASSETS (LIABILITIES) - (0.4)%
|
(13,244,422)
|
NET ASSETS - 100.0%
|
3,308,923,814
|
Futures Contracts
|
||||
Number
of contracts
|
Expiration
Date
|
Notional
Amount ($)
|
Unrealized
Appreciation/
(Depreciation) ($)
|
|
LONG
|
||||
Interest Rate Contracts
|
||||
CBOT 2Y US Treasury Notes Contracts (United States)
|
1,481
|
6/2026
|
309,876,109
|
323,216
|
SHORT
|
||||
Interest Rate Contracts
|
||||
CBOT 10Y US Treasury Notes Contracts (United States)
|
(170)
|
6/2026
|
(19,342,813)
|
(79,929)
|
CBOT 10Y Ultra US Treasury Notes Contracts (United States)
|
(35)
|
6/2026
|
(4,084,609)
|
(20,831)
|
CBOT 5Y US Treasury Notes Contracts (United States)
|
(107)
|
6/2026
|
(11,782,539)
|
(31,816)
|
CBOT US Treasury Ultra Bond Contracts (United States)
|
(24)
|
6/2026
|
(2,917,500)
|
(27,222)
|
TOTAL SHORT
|
(159,798)
|
|||
TOTAL FUTURES CONTRACTS
|
163,418
|
|||
The notional amount of long futures as a percentage of Net Assets is 9.4%.
|
||||
The notional amount of short futures as a percentage of Net Assets is 1.2%.
|
||||
ETF
|
-
|
EXCHANGE-TRADED FUND
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(c)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(d)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $523,316,037 or 15.8% of net assets.
|
(e)
|
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
|
(f)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(g)
|
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $12,833,271 or 0.4% of net assets.
|
(h)
|
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
|
(i)
|
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,817,503.
|
(j)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(k)
|
Affiliated fund.
|
(l)
|
The rate quoted is the annualized seven-day yield of the fund at period end.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
18,426,071
|
621,488,249
|
627,019,717
|
756,355
|
(12,072)
|
-
|
12,882,531
|
12,879,955
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
55,644,889
|
534,984,567
|
590,629,245
|
16,024
|
(211)
|
-
|
-
|
-
|
0.0%
|
Total
|
74,070,960
|
1,156,472,816
|
1,217,648,962
|
772,379
|
(12,283)
|
-
|
12,882,531
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
Fidelity Investments Money Market Government Portfolio - Institutional Class
|
67,807,370
|
301,717,071
|
314,095,479
|
973,107
|
-
|
-
|
55,428,962
|
55,428,962
|
Fidelity SAI Short-Term Bond Fund
|
5,082,980
|
25,015
|
5,120,607
|
25,342
|
103,078
|
(90,466)
|
-
|
-
|
72,890,350
|
301,742,086
|
319,216,086
|
998,449
|
103,078
|
(90,466)
|
55,428,962
|