UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06200
Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Jonathan de St. Paer
Schwab Investments
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 636-7000
Date of fiscal year end: August 31
Date of reporting period: February 28, 2023
Item 1: Report(s) to Shareholders.
Protected Securities Index Fund
Bond Index Fund
Bond Index Fund
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
14 | |
84 | |
115 | |
125 | |
126 | |
130 |
Total Returns for the 6 Months Ended February 28, 2023 | |
Schwab Treasury Inflation Protected Securities Index Fund (Ticker Symbol: SWRSX) | -4.28% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -4.30% |
Fund Category: Morningstar Inflation Protected Bond1 | -3.64% |
Performance Details | page 4 |
Schwab U.S. Aggregate Bond Index Fund (Ticker Symbol: SWAGX) | -2.23% |
Bloomberg US Aggregate Bond Index | -2.13% |
Fund Category: Morningstar Intermediate Core Bond1 | -2.10% |
Performance Details | page 5 |
Schwab Short-Term Bond Index Fund (Ticker Symbol: SWSBX) | -0.68% |
Bloomberg US Government/Credit 1-5 Year Index | -0.63% |
Fund Category: Morningstar Short-Term Bond1 | 0.11% |
Performance Details | page 6 |
Matthew Hastings, CFA, Managing Director and Head of Taxable Bond Strategies for Schwab Asset Management, leads the portfolio management team for the Schwab Taxable Bond Funds and Schwab Fixed-Income ETFs. He also has overall responsibility for all aspects of the management of the funds. Prior to joining Schwab in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996. |
Steven Hung, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of each of the funds, except for the Schwab Treasury Inflation Protected Securities Index Fund. He is primarily responsible for the management and oversight of corporate bonds within the taxable bond strategies, with additional responsibility for managing municipal bond index strategies. Mr. Hung has been a portfolio manager with Schwab Asset Management since 2005 and prior to that, served in various roles as an associate portfolio manager and trader since 1999. In 1998, he joined Charles Schwab & Co.’s management training program and worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
Mark McKissick, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Prior to joining Schwab in 2016, Mr. McKissick worked at Denver Investments for 17 years, most recently as a director of fixed income and portfolio manager. In this role he co-managed multiple bond strategies, as well as oversaw the firm’s fixed-income business including the investment process, client service, and other administrative functions. He also served as a credit/security analyst from 1999 to 2005. Prior to that, he worked as a senior research analyst with Hotchkis & Wiley, a portfolio manager at Payden & Rygel, and a vice president in fixed income at Salomon Brothers. |
Alfonso Portillo, Jr., Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond Index Fund. His primary focus is securitized products. Prior to joining Schwab in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996. |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Treasury Inflation Protected Securities Index Fund (3/31/06) | -4.28% | -10.47% | 2.50% | 1.11% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -4.30% | -10.40% | 2.57% | 1.22% |
Fund Category: Morningstar Inflation Protected Bond 2 | -3.64% | -8.36% | 2.26% | 0.93% |
Fund Expense Ratio3: 0.05% |
30-Day SEC Yield | -2.32%4 |
12-Month Distribution Yield | 7.03% |
Weighted Average Maturity7 | 7.4 Yrs |
Weighted Average Duration7 | 6.9 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab U.S. Aggregate Bond Index Fund (2/23/17) | -2.23% | -9.84% | 0.42% | 0.45% |
Bloomberg US Aggregate Bond Index | -2.13% | -9.72% | 0.53% | 0.59% |
Fund Category: Morningstar Intermediate Core Bond 2 | -2.10% | -9.90% | 0.39% | N/A |
Fund Expense Ratio3: 0.04% |
30-Day SEC Yield | 4.11% |
12-Month Distribution Yield | 2.67% |
Weighted Average Maturity7 | 8.6 Yrs |
Weighted Average Duration7 | 6.3 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab Short-Term Bond Index Fund (2/23/17) | -0.68% | -4.06% | 0.92% | 0.74% |
Bloomberg US Government/Credit 1-5 Year Index | -0.63% | -4.00% | 1.00% | 0.85% |
Fund Category: Morningstar Short-Term Bond 2 | 0.11% | -3.07% | 1.15% | N/A |
Fund Expense Ratio3: 0.06% |
30-Day SEC Yield | 4.58% |
12-Month Distribution Yield | 1.78% |
Weighted Average Maturity6 | 2.8 Yrs |
Weighted Average Duration6 | 2.6 Yrs |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/22 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/28/23 | EXPENSES PAID DURING PERIOD 9/1/22-2/28/23 2 | |
Schwab Treasury Inflation Protected Securities Index Fund | ||||
Actual Return | 0.05% | $1,000.00 | $957.20 | $0.24 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.55 | $0.25 |
Schwab U.S. Aggregate Bond Index Fund | ||||
Actual Return | 0.04% | $1,000.00 | $977.70 | $0.20 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab Short-Term Bond Index Fund | ||||
Actual Return | 0.06% | $1,000.00 | $993.20 | $0.30 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.50 | $0.30 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days in the period, and divided by 365 days in the fiscal year. |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | 9/1/17– 8/31/18 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $11.27 | $12.70 | $12.33 | $11.50 | $10.97 | $11.18 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | (0.00)2 | 0.90 | 0.59 | 0.12 | 0.25 | 0.36 |
Net realized and unrealized gains (losses) | (0.48) | (1.64) | 0.07 | 0.88 | 0.55 | (0.28) |
Total from investment operations | (0.48) | (0.74) | 0.66 | 1.00 | 0.80 | 0.08 |
Less distributions: | ||||||
Distributions from net investment income | (0.46) | (0.67) | (0.28) | (0.17) | (0.27) | (0.29) |
Distributions from net realized gains | (0.09) | (0.02) | (0.01) | — | — | — |
Total distributions | (0.55) | (0.69) | (0.29) | (0.17) | (0.27) | (0.29) |
Net asset value at end of period | $10.24 | $11.27 | $12.70 | $12.33 | $11.50 | $10.97 |
Total return | (4.28%)3 | (6.04%) | 5.48% | 8.88% | 7.42% | 0.71% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05%4,5 | 0.05%5 | 0.05% | 0.05% | 0.05% | 0.05% |
Net investment income (loss) | (0.01%)4 | 7.50% | 4.83% | 1.05% | 2.27% | 3.29% |
Portfolio turnover rate | 28%3 | 37% | 25% | 29% | 25% | 18% |
Net assets, end of period (x 1,000,000) | $2,552 | $2,750 | $2,397 | $1,429 | $923 | $746 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Per-share amount was less than $0.005. |
3 | Not annualized. |
4 | Annualized. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.9% OF NET ASSETS | ||
U.S. Treasury Inflation Protected Securities | ||
0.50%, 04/15/24 | 54,696,676 | 53,794,674 |
0.13%, 07/15/24 | 88,441,782 | 86,592,339 |
0.13%, 10/15/24 | 78,886,802 | 76,801,031 |
0.25%, 01/15/25 | 80,877,844 | 78,320,582 |
2.38%, 01/15/25 | 55,128,295 | 55,523,991 |
0.13%, 04/15/25 | 64,622,653 | 62,097,259 |
0.38%, 07/15/25 | 88,688,662 | 85,899,673 |
0.13%, 10/15/25 | 78,624,408 | 75,366,833 |
0.63%, 01/15/26 | 74,669,360 | 72,110,059 |
2.00%, 01/15/26 | 35,580,619 | 35,689,303 |
0.13%, 04/15/26 | 60,749,672 | 57,487,008 |
0.13%, 07/15/26 | 74,423,666 | 70,579,240 |
0.13%, 10/15/26 | 84,041,477 | 79,370,491 |
0.38%, 01/15/27 | 69,303,074 | 65,689,010 |
2.38%, 01/15/27 | 34,395,081 | 35,148,156 |
0.13%, 04/15/27 | 85,847,665 | 80,247,924 |
0.38%, 07/15/27 | 76,406,833 | 72,350,935 |
1.63%, 10/15/27 | 86,086,843 | 86,065,555 |
0.50%, 01/15/28 | 78,029,982 | 73,711,696 |
1.75%, 01/15/28 | 32,337,925 | 32,428,407 |
3.63%, 04/15/28 | 33,108,299 | 36,190,920 |
0.75%, 07/15/28 | 67,926,550 | 65,014,989 |
0.88%, 01/15/29 | 58,258,640 | 55,820,666 |
2.50%, 01/15/29 | 29,864,321 | 31,273,836 |
3.88%, 04/15/29 | 38,459,844 | 43,387,184 |
0.25%, 07/15/29 | 68,847,997 | 63,502,326 |
0.13%, 01/15/30 | 77,753,112 | 70,478,237 |
0.13%, 07/15/30 | 86,094,815 | 77,802,097 |
0.13%, 01/15/31 | 89,111,916 | 79,824,354 |
0.13%, 07/15/31 | 91,066,951 | 81,266,839 |
0.13%, 01/15/32 | 99,384,673 | 87,880,291 |
3.38%, 04/15/32 | 13,834,444 | 15,925,356 |
0.63%, 07/15/32 | 103,146,408 | 95,374,307 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.13%, 01/15/33 | 36,387,820 | 35,110,372 |
2.13%, 02/15/40 | 18,103,524 | 19,522,281 |
2.13%, 02/15/41 | 26,102,533 | 28,150,622 |
0.75%, 02/15/42 | 42,306,787 | 36,240,343 |
0.63%, 02/15/43 | 33,227,251 | 27,484,081 |
1.38%, 02/15/44 | 45,697,507 | 43,385,357 |
0.75%, 02/15/45 | 50,299,399 | 41,940,100 |
1.00%, 02/15/46 | 25,895,883 | 22,613,798 |
0.88%, 02/15/47 | 31,744,279 | 26,772,479 |
1.00%, 02/15/48 | 23,077,883 | 19,965,681 |
1.00%, 02/15/49 | 21,613,098 | 18,669,715 |
0.25%, 02/15/50 | 32,673,988 | 22,993,984 |
0.13%, 02/15/51 | 32,883,865 | 22,092,517 |
0.13%, 02/15/52 | 38,121,778 | 25,518,149 |
1.50%, 02/15/53 | 19,316,207 | 19,092,212 |
Total Treasuries (Cost $2,820,281,362) | 2,548,567,259 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.43% (a) | 3,238,923 | 3,238,923 |
Total Short-Term Investments (Cost $3,238,923) | 3,238,923 | |
Total Investments in Securities (Cost $2,823,520,285) | 2,551,806,182 |
(a) | The rate shown is the annualized 7-day yield. |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Treasuries1 | $— | $2,548,567,259 | $— | $2,548,567,259 |
Short-Term Investments1 | 3,238,923 | — | — | 3,238,923 |
Total | $3,238,923 | $2,548,567,259 | $— | $2,551,806,182 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $2,823,520,285) | $2,551,806,182 | |
Receivables: | ||
Investments sold | 16,475,069 | |
Fund shares sold | 9,289,115 | |
Interest | 3,312,340 | |
Dividends | + | 7,418 |
Total assets | 2,580,890,124 | |
Liabilities | ||
Payables: | ||
Investments bought | 24,790,000 | |
Fund shares redeemed | 4,205,786 | |
Investment adviser fees | + | 96,966 |
Total liabilities | 29,092,752 | |
Net assets | $2,551,797,372 | |
Net Assets by Source | ||
Capital received from investors | $2,946,798,160 | |
Total distributable loss | + | (395,000,788) |
Net assets | $2,551,797,372 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$2,551,797,372 | 249,190,683 | $10.24 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $525,961* | |
Dividends received from securities - unaffiliated | + | 24,795 |
Total investment income | 550,756 | |
Expenses | ||
Investment adviser fees | 633,777 | |
Proxy fees1 | + | 2,700 |
Total expenses | – | 636,477 |
Net investment loss | (85,721) | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (98,039,841) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (19,922,380) |
Net realized and unrealized losses | (117,962,221) | |
Decrease in net assets resulting from operations | ($118,047,942) |
* | See financial note 2(b), Inflation-Protected Securities, for additional information. |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income (loss) | ($85,721) | $211,665,978 | |
Net realized gains (losses) | (98,039,841) | 5,956,829 | |
Net change in unrealized appreciation (depreciation) | + | (19,922,380) | (408,155,154) |
Decrease in net assets from operations | ($118,047,942) | ($190,532,347) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($130,468,290) | ($158,919,484) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 36,221,175 | $377,052,258 | 127,567,665 | $1,569,597,809 | |
Shares reinvested | 9,540,908 | 98,534,830 | 10,128,781 | 121,065,276 | |
Shares redeemed | + | (40,596,445) | (425,315,060) | (82,401,634) | (988,461,315) |
Net transactions in fund shares | 5,165,638 | $50,272,028 | 55,294,812 | $702,201,770 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 244,025,045 | $2,750,041,576 | 188,730,233 | $2,397,291,637 | |
Total increase (decrease) | + | 5,165,638 | (198,244,204) | 55,294,812 | 352,749,939 |
End of period | 249,190,683 | $2,551,797,372 | 244,025,045 | $2,750,041,576 |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | 9/1/17– 8/31/18 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $9.15 | $10.57 | $10.84 | $10.46 | $9.78 | $10.16 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.12 | 0.19 | 0.18 | 0.25 | 0.28 | 0.25 |
Net realized and unrealized gains (losses) | (0.32) | (1.39) | (0.22) | 0.40 | 0.69 | (0.37) |
Total from investment operations | (0.20) | (1.20) | (0.04) | 0.65 | 0.97 | (0.12) |
Less distributions: | ||||||
Distributions from net investment income | (0.13) | (0.22) | (0.22) | (0.27) | (0.29) | (0.26) |
Distributions from net realized gains | — | — | (0.01) | — | — | — |
Total distributions | (0.13) | (0.22) | (0.23) | (0.27) | (0.29) | (0.26) |
Net asset value at end of period | $8.82 | $9.15 | $10.57 | $10.84 | $10.46 | $9.78 |
Total return | (2.23%)2 | (11.51%) | (0.30%) | 6.33% | 10.15% | (1.17%) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%3,4 | 0.04%4 | 0.04% | 0.04% | 0.04% | 0.04% |
Net investment income (loss) | 2.74%3 | 1.93% | 1.66% | 2.32% | 2.86% | 2.52% |
Portfolio turnover rate5 | 41%2 | 58% | 56% | 81% | 91% | 97% |
Net assets, end of period (x 1,000,000) | $4,309 | $4,440 | $5,510 | $4,697 | $2,971 | $2,006 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Includes to-be-announced (TBA) transactions, if any (see financial note 2 for additional information). |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 24.2% OF NET ASSETS | ||
Financial Institutions 8.2% | ||
Banking 5.8% | ||
Ally Financial, Inc. | ||
3.88%, 05/21/24 (a) | 200,000 | 195,946 |
5.13%, 09/30/24 | 150,000 | 148,767 |
5.80%, 05/01/25 (a) | 150,000 | 150,305 |
4.75%, 06/09/27 (a) | 150,000 | 143,195 |
2.20%, 11/02/28 (a) | 150,000 | 122,319 |
8.00%, 11/01/31 | 450,000 | 488,333 |
American Express Co. | ||
3.38%, 05/03/24 | 400,000 | 390,872 |
2.50%, 07/30/24 (a) | 350,000 | 336,962 |
3.00%, 10/30/24 (a) | 450,000 | 433,980 |
2.25%, 03/04/25 (a) | 300,000 | 282,552 |
3.95%, 08/01/25 (a) | 400,000 | 388,416 |
4.20%, 11/06/25 (a) | 150,000 | 146,810 |
3.13%, 05/20/26 (a) | 150,000 | 140,955 |
1.65%, 11/04/26 (a) | 250,000 | 221,175 |
2.55%, 03/04/27 (a) | 250,000 | 226,630 |
3.30%, 05/03/27 (a) | 450,000 | 420,736 |
5.85%, 11/05/27 (a) | 250,000 | 257,635 |
4.99%, 05/26/33 (a)(b) | 200,000 | 191,568 |
4.42%, 08/03/33 (a)(b) | 250,000 | 234,058 |
4.05%, 12/03/42 | 150,000 | 132,689 |
Australia & New Zealand Banking Group Ltd. | ||
3.70%, 11/16/25 | 250,000 | 240,725 |
5.09%, 12/08/25 | 250,000 | 249,282 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
1.13%, 09/18/25 | 200,000 | 179,308 |
6.14%, 09/14/28 (a)(b) | 200,000 | 202,568 |
Banco Santander S.A. | ||
3.89%, 05/24/24 | 200,000 | 195,812 |
2.71%, 06/27/24 | 400,000 | 385,496 |
3.50%, 03/24/25 | 200,000 | 192,456 |
2.75%, 05/28/25 | 200,000 | 187,796 |
5.15%, 08/18/25 | 400,000 | 394,616 |
5.18%, 11/19/25 | 200,000 | 197,260 |
1.85%, 03/25/26 | 200,000 | 177,676 |
4.25%, 04/11/27 | 200,000 | 189,840 |
5.29%, 08/18/27 | 200,000 | 196,064 |
1.72%, 09/14/27 (a)(b) | 200,000 | 172,612 |
3.80%, 02/23/28 | 200,000 | 183,700 |
4.18%, 03/24/28 (a)(b) | 200,000 | 186,906 |
4.38%, 04/12/28 | 200,000 | 188,140 |
3.31%, 06/27/29 | 200,000 | 177,192 |
3.49%, 05/28/30 | 200,000 | 172,352 |
2.75%, 12/03/30 | 200,000 | 156,108 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.96%, 03/25/31 | 200,000 | 163,158 |
3.23%, 11/22/32 (a)(b) | 200,000 | 154,644 |
Bank of America Corp. | ||
4.00%, 04/01/24 | 500,000 | 492,695 |
4.20%, 08/26/24 | 650,000 | 637,962 |
4.00%, 01/22/25 | 450,000 | 438,583 |
3.46%, 03/15/25 (a)(b) | 450,000 | 439,942 |
3.95%, 04/21/25 | 450,000 | 436,450 |
0.98%, 04/22/25 (a)(b) | 400,000 | 378,168 |
3.84%, 04/25/25 (a)(b) | 400,000 | 391,808 |
3.88%, 08/01/25 | 350,000 | 340,133 |
0.98%, 09/25/25 (a)(b) | 400,000 | 371,232 |
3.09%, 10/01/25 (a)(b) | 250,000 | 240,147 |
2.46%, 10/22/25 (a)(b) | 350,000 | 332,220 |
1.53%, 12/06/25 (a)(b) | 350,000 | 325,440 |
3.37%, 01/23/26 (a)(b) | 450,000 | 430,821 |
2.02%, 02/13/26 (a)(b) | 250,000 | 232,960 |
4.45%, 03/03/26 | 300,000 | 291,873 |
3.38%, 04/02/26 (a)(b) | 500,000 | 478,570 |
3.50%, 04/19/26 | 500,000 | 477,730 |
1.32%, 06/19/26 (a)(b) | 600,000 | 544,428 |
4.83%, 07/22/26 (a)(b) | 400,000 | 393,764 |
6.22%, 09/15/26 | 150,000 | 154,992 |
4.25%, 10/22/26 | 250,000 | 240,432 |
1.20%, 10/24/26 (a)(b) | 400,000 | 356,420 |
1.66%, 03/11/27 (a)(b) | 500,000 | 445,660 |
3.56%, 04/23/27 (a)(b) | 450,000 | 423,108 |
1.73%, 07/22/27 (a)(b) | 1,000,000 | 881,420 |
3.25%, 10/21/27 (a) | 500,000 | 460,790 |
4.18%, 11/25/27 (a) | 350,000 | 333,697 |
3.82%, 01/20/28 (a)(b) | 400,000 | 376,320 |
2.55%, 02/04/28 (a)(b) | 450,000 | 402,633 |
3.71%, 04/24/28 (a)(b) | 350,000 | 325,913 |
4.38%, 04/27/28 (a)(b) | 400,000 | 382,612 |
3.59%, 07/21/28 (a)(b) | 400,000 | 369,452 |
4.95%, 07/22/28 (a)(b) | 500,000 | 489,485 |
6.20%, 11/10/28 (a)(b) | 300,000 | 308,544 |
3.42%, 12/20/28 (a)(b) | 1,000,000 | 912,850 |
3.97%, 03/05/29 (a)(b) | 400,000 | 371,816 |
2.09%, 06/14/29 (a)(b) | 500,000 | 421,245 |
4.27%, 07/23/29 (a)(b) | 550,000 | 516,598 |
3.97%, 02/07/30 (a)(b) | 500,000 | 458,020 |
3.19%, 07/23/30 (a)(b) | 450,000 | 391,261 |
2.88%, 10/22/30 (a)(b) | 350,000 | 296,772 |
2.50%, 02/13/31 (a)(b) | 650,000 | 536,178 |
2.59%, 04/29/31 (a)(b) | 500,000 | 413,565 |
1.90%, 07/23/31 (a)(b) | 450,000 | 350,923 |
1.92%, 10/24/31 (a)(b) | 450,000 | 349,222 |
2.65%, 03/11/32 (a)(b) | 400,000 | 325,864 |
2.69%, 04/22/32 (a)(b) | 800,000 | 649,552 |
2.30%, 07/21/32 (a)(b) | 650,000 | 509,060 |
2.57%, 10/20/32 (a)(b) | 600,000 | 478,530 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.97%, 02/04/33 (a)(b) | 650,000 | 532,454 |
4.57%, 04/27/33 (a)(b) | 750,000 | 697,590 |
5.02%, 07/22/33 (a)(b) | 950,000 | 914,736 |
2.48%, 09/21/36 (a)(b) | 400,000 | 299,740 |
6.11%, 01/29/37 | 350,000 | 360,650 |
3.85%, 03/08/37 (a)(b) | 425,000 | 358,670 |
4.24%, 04/24/38 (a)(b) | 350,000 | 303,558 |
7.75%, 05/14/38 | 320,000 | 377,917 |
4.08%, 04/23/40 (a)(b) | 300,000 | 253,806 |
2.68%, 06/19/41 (a)(b) | 900,000 | 618,606 |
5.88%, 02/07/42 | 150,000 | 156,911 |
3.31%, 04/22/42 (a)(b) | 600,000 | 449,004 |
5.00%, 01/21/44 | 350,000 | 332,188 |
4.88%, 04/01/44 | 100,000 | 92,842 |
4.75%, 04/21/45 | 100,000 | 91,509 |
4.44%, 01/20/48 (a)(b) | 350,000 | 302,883 |
3.95%, 01/23/49 (a)(b) | 200,000 | 159,662 |
4.33%, 03/15/50 (a)(b) | 500,000 | 421,785 |
4.08%, 03/20/51 (a)(b) | 1,000,000 | 804,790 |
2.83%, 10/24/51 (a)(b) | 150,000 | 96,251 |
3.48%, 03/13/52 (a)(b) | 200,000 | 147,162 |
2.97%, 07/21/52 (a)(b) | 350,000 | 230,045 |
Bank of America NA | ||
6.00%, 10/15/36 | 168,000 | 174,231 |
Bank of Montreal | ||
2.50%, 06/28/24 | 200,000 | 192,522 |
0.63%, 07/09/24 | 250,000 | 234,608 |
4.25%, 09/14/24 | 300,000 | 294,924 |
1.50%, 01/10/25 | 275,000 | 256,283 |
1.85%, 05/01/25 | 350,000 | 325,570 |
3.70%, 06/07/25 | 250,000 | 241,802 |
1.25%, 09/15/26 | 250,000 | 218,440 |
0.95%, 01/22/27 (a)(b) | 200,000 | 176,192 |
2.65%, 03/08/27 | 250,000 | 227,998 |
4.70%, 09/14/27 (a) | 200,000 | 195,772 |
5.20%, 02/01/28 (a) | 250,000 | 248,955 |
3.80%, 12/15/32 (a)(b) | 200,000 | 179,050 |
3.09%, 01/10/37 (a)(b) | 200,000 | 157,240 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 100,000 | 97,902 |
5.13%, 06/11/30 (a) | 100,000 | 94,970 |
Barclays Bank PLC | ||
3.75%, 05/15/24 | 200,000 | 195,850 |
Barclays PLC | ||
4.38%, 09/11/24 | 200,000 | 195,200 |
3.65%, 03/16/25 | 350,000 | 336,105 |
3.93%, 05/07/25 (a)(b) | 400,000 | 389,616 |
4.38%, 01/12/26 | 500,000 | 483,635 |
2.85%, 05/07/26 (a)(b) | 350,000 | 328,013 |
5.20%, 05/12/26 | 300,000 | 292,350 |
5.30%, 08/09/26 (a)(b) | 250,000 | 245,300 |
7.33%, 11/02/26 (a)(b) | 250,000 | 258,745 |
2.28%, 11/24/27 (a)(b) | 200,000 | 176,104 |
4.34%, 01/10/28 (a) | 200,000 | 186,876 |
4.84%, 05/09/28 (a) | 250,000 | 234,358 |
5.50%, 08/09/28 (a)(b) | 300,000 | 293,946 |
7.39%, 11/02/28 (a)(b) | 250,000 | 263,140 |
4.97%, 05/16/29 (a)(b) | 250,000 | 237,933 |
5.09%, 06/20/30 (a)(b) | 300,000 | 278,367 |
2.65%, 06/24/31 (a)(b) | 300,000 | 239,352 |
2.67%, 03/10/32 (a)(b) | 200,000 | 156,114 |
2.89%, 11/24/32 (a)(b) | 250,000 | 195,025 |
5.75%, 08/09/33 (a)(b) | 200,000 | 193,308 |
7.44%, 11/02/33 (a)(b) | 350,000 | 377,919 |
3.56%, 09/23/35 (a)(b) | 150,000 | 120,081 |
3.81%, 03/10/42 (a)(b) | 200,000 | 145,310 |
3.33%, 11/24/42 (a)(b) | 200,000 | 143,756 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.25%, 08/17/45 | 400,000 | 373,228 |
4.95%, 01/10/47 | 200,000 | 178,986 |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 200,000 | 195,526 |
BPCE S.A. | ||
4.00%, 04/15/24 | 250,000 | 246,100 |
3.38%, 12/02/26 | 250,000 | 233,653 |
Cadence Bank | ||
4.13%, 11/20/29 (a)(b) | 50,000 | 47,973 |
Canadian Imperial Bank of Commerce | ||
3.10%, 04/02/24 | 200,000 | 195,136 |
2.25%, 01/28/25 | 200,000 | 188,914 |
3.30%, 04/07/25 | 250,000 | 239,808 |
3.95%, 08/04/25 | 250,000 | 242,355 |
0.95%, 10/23/25 | 200,000 | 179,268 |
1.25%, 06/22/26 | 150,000 | 131,817 |
3.45%, 04/07/27 | 200,000 | 187,592 |
3.60%, 04/07/32 (a) | 200,000 | 176,654 |
Capital One Financial Corp. | ||
3.75%, 04/24/24 (a) | 200,000 | 196,176 |
3.30%, 10/30/24 (a) | 300,000 | 289,773 |
3.20%, 02/05/25 (a) | 250,000 | 239,720 |
4.17%, 05/09/25 (a)(b) | 200,000 | 195,542 |
4.20%, 10/29/25 (a) | 250,000 | 241,582 |
2.64%, 03/03/26 (a)(b) | 250,000 | 235,268 |
4.99%, 07/24/26 (a)(b) | 250,000 | 246,307 |
3.75%, 07/28/26 (a) | 250,000 | 235,148 |
3.75%, 03/09/27 (a) | 300,000 | 281,562 |
3.65%, 05/11/27 (a) | 250,000 | 233,153 |
1.88%, 11/02/27 (a)(b) | 225,000 | 196,763 |
3.80%, 01/31/28 (a) | 200,000 | 185,524 |
4.93%, 05/10/28 (a)(b) | 300,000 | 290,502 |
2.36%, 07/29/32 (a)(b) | 150,000 | 110,084 |
2.62%, 11/02/32 (a)(b) | 200,000 | 155,606 |
5.27%, 05/10/33 (a)(b) | 200,000 | 189,782 |
5.82%, 02/01/34 (a)(b) | 250,000 | 242,905 |
Capital One NA | ||
2.28%, 01/28/26 (a)(b) | 100,000 | 93,857 |
Citigroup, Inc. | ||
3.75%, 06/16/24 | 100,000 | 98,011 |
4.00%, 08/05/24 | 150,000 | 147,611 |
3.88%, 03/26/25 | 150,000 | 145,206 |
3.35%, 04/24/25 (a)(b) | 550,000 | 535,337 |
3.30%, 04/27/25 | 300,000 | 287,280 |
0.98%, 05/01/25 (a)(b) | 200,000 | 188,972 |
4.40%, 06/10/25 | 300,000 | 293,619 |
5.50%, 09/13/25 | 324,000 | 325,623 |
1.28%, 11/03/25 (a)(b) | 250,000 | 232,428 |
3.70%, 01/12/26 | 200,000 | 191,952 |
2.01%, 01/25/26 (a)(b) | 400,000 | 373,484 |
4.60%, 03/09/26 | 345,000 | 336,368 |
3.29%, 03/17/26 (a)(b) | 300,000 | 286,272 |
3.11%, 04/08/26 (a)(b) | 700,000 | 664,811 |
3.40%, 05/01/26 | 250,000 | 236,235 |
5.61%, 09/29/26 (a)(b) | 500,000 | 500,035 |
3.20%, 10/21/26 (a) | 600,000 | 558,408 |
4.30%, 11/20/26 | 150,000 | 143,966 |
1.12%, 01/28/27 (a)(b) | 500,000 | 443,830 |
1.46%, 06/09/27 (a)(b) | 550,000 | 480,914 |
4.45%, 09/29/27 | 680,000 | 650,196 |
3.89%, 01/10/28 (a)(b) | 500,000 | 470,515 |
3.07%, 02/24/28 (a)(b) | 500,000 | 454,345 |
4.66%, 05/24/28 (a)(b) | 300,000 | 290,505 |
3.67%, 07/24/28 (a)(b) | 500,000 | 463,510 |
4.13%, 07/25/28 | 350,000 | 327,719 |
3.52%, 10/27/28 (a)(b) | 400,000 | 366,760 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.08%, 04/23/29 (a)(b) | 300,000 | 279,597 |
3.98%, 03/20/30 (a)(b) | 450,000 | 411,057 |
2.98%, 11/05/30 (a)(b) | 400,000 | 341,188 |
2.67%, 01/29/31 (a)(b) | 400,000 | 333,308 |
4.41%, 03/31/31 (a)(b) | 700,000 | 652,575 |
2.57%, 06/03/31 (a)(b) | 650,000 | 533,266 |
2.56%, 05/01/32 (a)(b) | 500,000 | 401,690 |
6.63%, 06/15/32 | 200,000 | 211,718 |
2.52%, 11/03/32 (a)(b) | 300,000 | 237,078 |
3.06%, 01/25/33 (a)(b) | 600,000 | 492,474 |
5.88%, 02/22/33 | 100,000 | 100,948 |
3.79%, 03/17/33 (a)(b) | 500,000 | 435,325 |
4.91%, 05/24/33 (a)(b) | 475,000 | 451,839 |
6.27%, 11/17/33 (a)(b) | 500,000 | 525,005 |
6.13%, 08/25/36 | 100,000 | 101,810 |
3.88%, 01/24/39 (a)(b) | 200,000 | 164,806 |
8.13%, 07/15/39 | 320,000 | 406,710 |
5.32%, 03/26/41 (a)(b) | 200,000 | 194,780 |
5.88%, 01/30/42 | 130,000 | 135,634 |
2.90%, 11/03/42 (a)(b) | 200,000 | 139,394 |
6.68%, 09/13/43 | 200,000 | 221,686 |
5.30%, 05/06/44 | 150,000 | 141,330 |
4.65%, 07/30/45 | 180,000 | 160,081 |
4.75%, 05/18/46 | 330,000 | 285,074 |
4.28%, 04/24/48 (a)(b) | 150,000 | 127,655 |
4.65%, 07/23/48 (a) | 450,000 | 404,572 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 233,703 |
4.12%, 05/23/25 (a)(b) | 250,000 | 244,010 |
Citizens Financial Group, Inc. | ||
2.85%, 07/27/26 (a) | 150,000 | 139,242 |
3.25%, 04/30/30 (a) | 250,000 | 218,640 |
2.64%, 09/30/32 (a) | 150,000 | 114,537 |
5.64%, 05/21/37 (a)(b) | 100,000 | 94,066 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 250,000 | 233,300 |
Commonwealth Bank of Australia | ||
5.08%, 01/10/25 | 250,000 | 249,642 |
Cooperatieve Rabobank UA | ||
1.38%, 01/10/25 | 250,000 | 233,408 |
5.00%, 01/13/25 | 250,000 | 249,137 |
3.38%, 05/21/25 | 250,000 | 240,445 |
4.38%, 08/04/25 | 241,000 | 233,816 |
3.75%, 07/21/26 | 300,000 | 281,757 |
5.25%, 05/24/41 | 200,000 | 209,240 |
5.75%, 12/01/43 | 250,000 | 252,797 |
5.25%, 08/04/45 | 250,000 | 237,840 |
Credit Suisse AG | ||
3.63%, 09/09/24 | 550,000 | 519,898 |
7.95%, 01/09/25 | 250,000 | 252,365 |
3.70%, 02/21/25 | 400,000 | 373,404 |
2.95%, 04/09/25 | 400,000 | 364,740 |
1.25%, 08/07/26 | 250,000 | 204,725 |
5.00%, 07/09/27 | 250,000 | 229,350 |
7.50%, 02/15/28 | 400,000 | 403,932 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 500,000 | 460,405 |
4.55%, 04/17/26 | 250,000 | 224,115 |
4.88%, 05/15/45 | 250,000 | 182,630 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 150,000 | 154,151 |
Deutsche Bank AG | ||
0.90%, 05/28/24 | 300,000 | 282,942 |
3.70%, 05/30/24 | 300,000 | 292,881 |
1.45%, 04/01/25 (a)(b) | 150,000 | 141,939 |
4.50%, 04/01/25 | 250,000 | 242,097 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.96%, 11/26/25 (a)(b) | 350,000 | 336,388 |
4.10%, 01/13/26 | 250,000 | 240,475 |
1.69%, 03/19/26 | 200,000 | 179,642 |
6.12%, 07/14/26 (a)(b) | 200,000 | 199,906 |
2.13%, 11/24/26 (a)(b) | 350,000 | 314,065 |
2.31%, 11/16/27 (a)(b) | 400,000 | 347,852 |
2.55%, 01/07/28 (a)(b) | 250,000 | 217,715 |
3.55%, 09/18/31 (a)(b) | 350,000 | 293,422 |
3.73%, 01/14/32 (a)(b) | 200,000 | 158,284 |
3.04%, 05/28/32 (a)(b) | 150,000 | 118,577 |
4.88%, 12/01/32 (a)(b) | 200,000 | 177,174 |
3.74%, 01/07/33 (a)(b) | 200,000 | 152,688 |
7.08%, 02/10/34 (a)(b) | 200,000 | 195,055 |
Discover Bank | ||
3.45%, 07/27/26 (a) | 250,000 | 232,820 |
4.65%, 09/13/28 (a) | 250,000 | 237,948 |
Discover Financial Services | ||
3.75%, 03/04/25 (a) | 100,000 | 96,405 |
4.50%, 01/30/26 (a) | 100,000 | 96,875 |
4.10%, 02/09/27 (a) | 150,000 | 142,268 |
6.70%, 11/29/32 (a) | 150,000 | 155,124 |
Fifth Third Bancorp | ||
2.38%, 01/28/25 (a) | 200,000 | 188,964 |
2.55%, 05/05/27 (a) | 150,000 | 135,980 |
1.71%, 11/01/27 (a)(b) | 150,000 | 133,193 |
3.95%, 03/14/28 (a) | 150,000 | 142,422 |
6.36%, 10/27/28 (a)(b) | 200,000 | 206,132 |
4.77%, 07/28/30 (a)(b) | 200,000 | 192,010 |
8.25%, 03/01/38 | 200,000 | 250,668 |
Fifth Third Bank NA | ||
5.85%, 10/27/25 (a)(b) | 250,000 | 251,352 |
3.85%, 03/15/26 (a) | 200,000 | 189,390 |
2.25%, 02/01/27 (a) | 250,000 | 225,325 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 100,000 | 94,297 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 250,000 | 250,425 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 50,000 | 48,407 |
First Republic Bank | ||
4.63%, 02/13/47 (a) | 250,000 | 199,158 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 100,000 | 102,535 |
Goldman Sachs Capital l | ||
6.35%, 02/15/34 | 150,000 | 157,022 |
HSBC Bank USA NA | ||
5.88%, 11/01/34 | 250,000 | 240,582 |
HSBC Holdings PLC | ||
3.80%, 03/11/25 (a)(b) | 450,000 | 440,577 |
0.98%, 05/24/25 (a)(b) | 300,000 | 282,249 |
4.25%, 08/18/25 | 200,000 | 193,582 |
2.63%, 11/07/25 (a)(b) | 400,000 | 379,064 |
4.18%, 12/09/25 (a)(b) | 200,000 | 194,736 |
4.30%, 03/08/26 | 600,000 | 580,398 |
3.00%, 03/10/26 (a)(b) | 400,000 | 378,588 |
1.65%, 04/18/26 (a)(b) | 425,000 | 389,810 |
3.90%, 05/25/26 | 450,000 | 429,214 |
2.10%, 06/04/26 (a)(b) | 300,000 | 276,591 |
4.29%, 09/12/26 (a)(b) | 400,000 | 385,456 |
7.34%, 11/03/26 (a)(b) | 300,000 | 312,408 |
4.38%, 11/23/26 | 309,000 | 297,283 |
1.59%, 05/24/27 (a)(b) | 350,000 | 306,446 |
2.25%, 11/22/27 (a)(b) | 400,000 | 352,212 |
4.04%, 03/13/28 (a)(b) | 400,000 | 373,836 |
4.76%, 06/09/28 (a)(b) | 450,000 | 431,829 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.21%, 08/11/28 (a)(b) | 400,000 | 391,352 |
2.01%, 09/22/28 (a)(b) | 350,000 | 296,859 |
7.39%, 11/03/28 (a)(b) | 400,000 | 422,700 |
4.58%, 06/19/29 (a)(b) | 600,000 | 564,342 |
2.21%, 08/17/29 (a)(b) | 400,000 | 332,048 |
4.95%, 03/31/30 | 400,000 | 385,640 |
3.97%, 05/22/30 (a)(b) | 450,000 | 404,721 |
2.85%, 06/04/31 (a)(b) | 250,000 | 205,703 |
2.36%, 08/18/31 (a)(b) | 250,000 | 197,630 |
7.63%, 05/17/32 | 200,000 | 211,662 |
2.80%, 05/24/32 (a)(b) | 500,000 | 399,400 |
2.87%, 11/22/32 (a)(b) | 350,000 | 277,469 |
4.76%, 03/29/33 (a)(b) | 200,000 | 179,668 |
5.40%, 08/11/33 (a)(b) | 450,000 | 431,523 |
8.11%, 11/03/33 (a)(b) | 200,000 | 220,244 |
6.50%, 05/02/36 | 400,000 | 411,762 |
6.50%, 09/15/37 | 405,000 | 412,472 |
6.80%, 06/01/38 | 400,000 | 413,758 |
6.10%, 01/14/42 | 200,000 | 213,842 |
5.25%, 03/14/44 | 200,000 | 182,588 |
HSBC USA, Inc. | ||
3.50%, 06/23/24 | 150,000 | 146,330 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 200,000 | 192,432 |
4.44%, 08/04/28 (a)(b) | 200,000 | 191,526 |
2.55%, 02/04/30 (a) | 150,000 | 125,634 |
2.49%, 08/15/36 (a)(b) | 250,000 | 185,485 |
ING Groep N.V. | ||
3.55%, 04/09/24 | 200,000 | 195,706 |
3.95%, 03/29/27 | 200,000 | 189,664 |
1.73%, 04/01/27 (a)(b) | 300,000 | 266,502 |
4.02%, 03/28/28 (a)(b) | 250,000 | 235,123 |
4.55%, 10/02/28 | 300,000 | 288,084 |
4.05%, 04/09/29 | 200,000 | 186,098 |
2.73%, 04/01/32 (a)(b) | 200,000 | 162,096 |
4.25%, 03/28/33 (a)(b) | 200,000 | 180,098 |
JPMorgan Chase & Co. | ||
3.63%, 05/13/24 | 300,000 | 294,657 |
3.88%, 09/10/24 | 500,000 | 488,335 |
3.13%, 01/23/25 (a) | 395,000 | 380,756 |
0.82%, 06/01/25 (a)(b) | 400,000 | 375,332 |
3.85%, 06/14/25 (a)(b) | 400,000 | 391,020 |
0.97%, 06/23/25 (a)(b) | 350,000 | 328,737 |
3.90%, 07/15/25 (a) | 450,000 | 437,238 |
0.77%, 08/09/25 (a)(b) | 250,000 | 232,313 |
2.30%, 10/15/25 (a)(b) | 300,000 | 284,211 |
1.56%, 12/10/25 (a)(b) | 450,000 | 418,401 |
5.55%, 12/15/25 (a)(b) | 550,000 | 549,708 |
2.60%, 02/24/26 (a)(b) | 300,000 | 283,824 |
2.01%, 03/13/26 (a)(b) | 400,000 | 372,280 |
3.30%, 04/01/26 (a) | 435,000 | 411,801 |
2.08%, 04/22/26 (a)(b) | 700,000 | 650,454 |
4.08%, 04/26/26 (a)(b) | 500,000 | 486,235 |
3.20%, 06/15/26 (a) | 250,000 | 235,510 |
2.95%, 10/01/26 (a) | 550,000 | 511,978 |
7.63%, 10/15/26 | 150,000 | 161,987 |
1.05%, 11/19/26 (a)(b) | 550,000 | 487,454 |
4.13%, 12/15/26 | 450,000 | 433,485 |
3.96%, 01/29/27 (a)(b) | 300,000 | 287,118 |
1.04%, 02/04/27 (a)(b) | 350,000 | 307,489 |
1.58%, 04/22/27 (a)(b) | 625,000 | 553,137 |
8.00%, 04/29/27 | 150,000 | 168,090 |
1.47%, 09/22/27 (a)(b) | 550,000 | 477,317 |
4.25%, 10/01/27 | 250,000 | 240,460 |
3.63%, 12/01/27 (a) | 150,000 | 140,135 |
3.78%, 02/01/28 (a)(b) | 500,000 | 470,210 |
2.95%, 02/24/28 (a)(b) | 350,000 | 317,782 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.32%, 04/26/28 (a)(b) | 500,000 | 478,210 |
3.54%, 05/01/28 (a)(b) | 450,000 | 417,235 |
2.18%, 06/01/28 (a)(b) | 300,000 | 262,809 |
4.85%, 07/25/28 (a)(b) | 500,000 | 488,875 |
3.51%, 01/23/29 (a)(b) | 450,000 | 411,687 |
4.01%, 04/23/29 (a)(b) | 300,000 | 279,039 |
2.07%, 06/01/29 (a)(b) | 350,000 | 295,316 |
4.20%, 07/23/29 (a)(b) | 450,000 | 422,140 |
4.45%, 12/05/29 (a)(b) | 450,000 | 426,708 |
3.70%, 05/06/30 (a)(b) | 450,000 | 406,791 |
4.57%, 06/14/30 (a)(b) | 400,000 | 380,452 |
8.75%, 09/01/30 | 50,000 | 58,820 |
2.74%, 10/15/30 (a)(b) | 650,000 | 548,125 |
4.49%, 03/24/31 (a)(b) | 550,000 | 519,029 |
2.52%, 04/22/31 (a)(b) | 500,000 | 414,320 |
2.96%, 05/13/31 (a)(b) | 500,000 | 420,740 |
1.76%, 11/19/31 (a)(b) | 250,000 | 192,703 |
1.95%, 02/04/32 (a)(b) | 550,000 | 427,388 |
2.58%, 04/22/32 (a)(b) | 575,000 | 466,612 |
2.55%, 11/08/32 (a)(b) | 600,000 | 479,670 |
2.96%, 01/25/33 (a)(b) | 500,000 | 412,620 |
4.59%, 04/26/33 (a)(b) | 450,000 | 420,084 |
4.91%, 07/25/33 (a)(b) | 800,000 | 766,328 |
5.72%, 09/14/33 (a)(b) | 600,000 | 594,432 |
6.40%, 05/15/38 | 450,000 | 494,154 |
3.88%, 07/24/38 (a)(b) | 400,000 | 333,840 |
5.50%, 10/15/40 | 230,000 | 232,965 |
3.11%, 04/22/41 (a)(b) | 250,000 | 185,088 |
5.60%, 07/15/41 | 350,000 | 356,828 |
2.53%, 11/19/41 (a)(b) | 300,000 | 201,714 |
5.40%, 01/06/42 | 250,000 | 249,070 |
3.16%, 04/22/42 (a)(b) | 200,000 | 147,898 |
5.63%, 08/16/43 | 250,000 | 249,090 |
4.85%, 02/01/44 | 100,000 | 93,762 |
4.95%, 06/01/45 | 300,000 | 277,245 |
4.26%, 02/22/48 (a)(b) | 350,000 | 297,209 |
4.03%, 07/24/48 (a)(b) | 250,000 | 204,515 |
3.96%, 11/15/48 (a)(b) | 625,000 | 504,244 |
3.90%, 01/23/49 (a)(b) | 300,000 | 239,004 |
3.11%, 04/22/51 (a)(b) | 400,000 | 274,192 |
3.33%, 04/22/52 (a)(b) | 600,000 | 426,432 |
KeyBank NA | ||
4.15%, 08/08/25 | 250,000 | 243,865 |
3.40%, 05/20/26 | 250,000 | 234,065 |
5.85%, 11/15/27 (a) | 250,000 | 256,047 |
4.39%, 12/14/27 | 250,000 | 240,460 |
3.90%, 04/13/29 | 250,000 | 226,103 |
5.00%, 01/26/33 (a) | 250,000 | 240,520 |
KeyCorp | ||
4.15%, 10/29/25 | 100,000 | 97,470 |
4.10%, 04/30/28 | 150,000 | 142,482 |
2.55%, 10/01/29 | 100,000 | 84,766 |
4.79%, 06/01/33 (a)(b) | 100,000 | 94,025 |
Lloyds Bank PLC | ||
3.50%, 05/14/25 | 200,000 | 192,128 |
Lloyds Banking Group PLC | ||
3.90%, 03/12/24 | 250,000 | 245,830 |
4.50%, 11/04/24 | 200,000 | 196,050 |
4.45%, 05/08/25 | 200,000 | 195,188 |
3.87%, 07/09/25 (a)(b) | 200,000 | 194,834 |
4.58%, 12/10/25 | 200,000 | 192,796 |
2.44%, 02/05/26 (a)(b) | 200,000 | 187,560 |
3.51%, 03/18/26 (a)(b) | 200,000 | 191,068 |
4.65%, 03/24/26 | 324,000 | 312,449 |
4.72%, 08/11/26 (a)(b) | 200,000 | 195,084 |
3.75%, 01/11/27 | 200,000 | 187,020 |
1.63%, 05/11/27 (a)(b) | 200,000 | 175,292 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 03/18/28 (a)(b) | 200,000 | 185,434 |
4.38%, 03/22/28 | 300,000 | 283,989 |
4.55%, 08/16/28 | 200,000 | 189,628 |
3.57%, 11/07/28 (a)(b) | 200,000 | 181,718 |
4.98%, 08/11/33 (a)(b) | 200,000 | 186,922 |
7.95%, 11/15/33 (a)(b) | 200,000 | 218,986 |
5.30%, 12/01/45 | 200,000 | 180,536 |
3.37%, 12/14/46 (a)(b) | 200,000 | 136,126 |
4.34%, 01/09/48 | 300,000 | 232,389 |
M&T Bank Corp. | ||
4.00%, 07/15/24 (a) | 250,000 | 245,335 |
5.05%, 01/27/34 (a)(b) | 250,000 | 238,883 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 238,708 |
4.65%, 01/27/26 (a) | 250,000 | 245,275 |
4.70%, 01/27/28 (a) | 250,000 | 242,922 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.80%, 07/18/24 | 200,000 | 192,756 |
2.19%, 02/25/25 | 450,000 | 421,902 |
1.41%, 07/17/25 | 350,000 | 318,286 |
0.95%, 07/19/25 (a)(b) | 400,000 | 373,700 |
5.06%, 09/12/25 (a)(b) | 400,000 | 396,140 |
0.96%, 10/11/25 (a)(b) | 200,000 | 184,752 |
3.85%, 03/01/26 | 550,000 | 526,020 |
2.76%, 09/13/26 | 200,000 | 183,690 |
3.68%, 02/22/27 | 200,000 | 190,904 |
1.54%, 07/20/27 (a)(b) | 450,000 | 393,822 |
3.29%, 07/25/27 | 250,000 | 232,453 |
1.64%, 10/13/27 (a)(b) | 250,000 | 217,225 |
2.34%, 01/19/28 (a)(b) | 200,000 | 177,400 |
3.96%, 03/02/28 | 250,000 | 236,118 |
4.08%, 04/19/28 (a)(b) | 200,000 | 189,420 |
5.02%, 07/20/28 (a)(b) | 200,000 | 195,886 |
4.05%, 09/11/28 | 250,000 | 237,823 |
5.35%, 09/13/28 (a)(b) | 200,000 | 198,482 |
3.74%, 03/07/29 | 300,000 | 275,076 |
3.20%, 07/18/29 | 200,000 | 175,904 |
2.56%, 02/25/30 | 200,000 | 167,500 |
2.05%, 07/17/30 | 250,000 | 199,188 |
2.31%, 07/20/32 (a)(b) | 200,000 | 156,244 |
2.49%, 10/13/32 (a)(b) | 200,000 | 157,696 |
2.85%, 01/19/33 (a)(b) | 200,000 | 161,898 |
5.13%, 07/20/33 (a)(b) | 300,000 | 291,528 |
5.47%, 09/13/33 (a)(b) | 200,000 | 199,048 |
5.44%, 02/22/34 (a)(b) | 200,000 | 196,724 |
4.15%, 03/07/39 | 250,000 | 218,568 |
3.75%, 07/18/39 | 200,000 | 169,564 |
Mizuho Financial Group, Inc. | ||
2.56%, 09/13/25 (a)(b) | 200,000 | 189,760 |
2.23%, 05/25/26 (a)(b) | 200,000 | 184,900 |
3.66%, 02/28/27 | 200,000 | 187,796 |
1.23%, 05/22/27 (a)(b) | 250,000 | 216,930 |
1.55%, 07/09/27 (a)(b) | 250,000 | 217,998 |
3.17%, 09/11/27 | 300,000 | 276,489 |
4.02%, 03/05/28 | 200,000 | 188,538 |
5.41%, 09/13/28 (a)(b) | 200,000 | 199,352 |
3.15%, 07/16/30 (a)(b) | 200,000 | 172,564 |
2.87%, 09/13/30 (a)(b) | 200,000 | 168,596 |
2.20%, 07/10/31 (a)(b) | 250,000 | 198,868 |
1.98%, 09/08/31 (a)(b) | 250,000 | 194,593 |
2.56%, 09/13/31 | 200,000 | 155,710 |
2.26%, 07/09/32 (a)(b) | 200,000 | 155,490 |
5.67%, 09/13/33 (a)(b) | 200,000 | 200,484 |
Morgan Stanley | ||
3.88%, 04/29/24 | 550,000 | 541,618 |
3.70%, 10/23/24 | 500,000 | 487,210 |
3.62%, 04/17/25 (a)(b) | 350,000 | 341,999 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.79%, 05/30/25 (a)(b) | 500,000 | 468,485 |
2.72%, 07/22/25 (a)(b) | 350,000 | 335,695 |
4.00%, 07/23/25 | 424,000 | 413,243 |
0.86%, 10/21/25 (a)(b) | 250,000 | 230,530 |
1.16%, 10/21/25 (a)(b) | 500,000 | 463,150 |
5.00%, 11/24/25 | 324,000 | 320,789 |
3.88%, 01/27/26 | 550,000 | 529,529 |
2.63%, 02/18/26 (a)(b) | 200,000 | 188,726 |
2.19%, 04/28/26 (a)(b) | 550,000 | 512,732 |
4.68%, 07/17/26 (a)(b) | 250,000 | 245,245 |
3.13%, 07/27/26 | 500,000 | 465,655 |
6.25%, 08/09/26 | 212,000 | 218,547 |
4.35%, 09/08/26 | 300,000 | 288,636 |
6.14%, 10/16/26 (a)(b) | 250,000 | 254,475 |
0.99%, 12/10/26 (a)(b) | 500,000 | 439,990 |
3.63%, 01/20/27 | 450,000 | 425,853 |
5.05%, 01/28/27 (a)(b) | 250,000 | 247,422 |
3.95%, 04/23/27 | 350,000 | 330,900 |
1.59%, 05/04/27 (a)(b) | 700,000 | 618,310 |
1.51%, 07/20/27 (a)(b) | 550,000 | 480,254 |
2.48%, 01/21/28 (a)(b) | 400,000 | 356,928 |
4.21%, 04/20/28 (a)(b) | 400,000 | 380,400 |
3.59%, 07/22/28 (a)(b) | 500,000 | 462,620 |
6.30%, 10/18/28 (a)(b) | 400,000 | 411,612 |
3.77%, 01/24/29 (a)(b) | 550,000 | 508,585 |
5.12%, 02/01/29 (a)(b) | 400,000 | 393,120 |
4.43%, 01/23/30 (a)(b) | 600,000 | 565,782 |
2.70%, 01/22/31 (a)(b) | 650,000 | 543,367 |
3.62%, 04/01/31 (a)(b) | 500,000 | 443,015 |
1.79%, 02/13/32 (a)(b) | 500,000 | 380,850 |
7.25%, 04/01/32 | 180,000 | 204,005 |
1.93%, 04/28/32 (a)(b) | 450,000 | 344,970 |
2.24%, 07/21/32 (a)(b) | 650,000 | 506,168 |
2.51%, 10/20/32 (a)(b) | 450,000 | 355,725 |
2.94%, 01/21/33 (a)(b) | 500,000 | 409,895 |
4.89%, 07/20/33 (a)(b) | 400,000 | 380,196 |
6.34%, 10/18/33 (a)(b) | 550,000 | 580,288 |
2.48%, 09/16/36 (a)(b) | 600,000 | 447,546 |
5.30%, 04/20/37 (a)(b) | 350,000 | 325,944 |
5.95%, 01/19/38 (a)(b) | 300,000 | 292,617 |
3.97%, 07/22/38 (a)(b) | 300,000 | 253,593 |
4.46%, 04/22/39 (a)(b) | 200,000 | 178,212 |
3.22%, 04/22/42 (a)(b) | 350,000 | 261,726 |
6.38%, 07/24/42 | 300,000 | 330,855 |
4.30%, 01/27/45 | 405,000 | 348,810 |
4.38%, 01/22/47 | 400,000 | 349,212 |
5.60%, 03/24/51 (a)(b) | 200,000 | 207,534 |
2.80%, 01/25/52 (a)(b) | 350,000 | 226,366 |
National Australia Bank Ltd. | ||
5.13%, 11/22/24 | 250,000 | 249,995 |
4.97%, 01/12/26 | 250,000 | 249,060 |
3.38%, 01/14/26 | 250,000 | 238,183 |
2.50%, 07/12/26 | 250,000 | 229,753 |
3.91%, 06/09/27 | 250,000 | 239,125 |
National Bank of Canada | ||
3.75%, 06/09/25 (a)(b) | 250,000 | 244,447 |
Natwest Group PLC | ||
5.13%, 05/28/24 | 200,000 | 199,296 |
4.27%, 03/22/25 (a)(b) | 450,000 | 442,215 |
4.80%, 04/05/26 | 350,000 | 341,001 |
7.47%, 11/10/26 (a)(b) | 250,000 | 259,987 |
1.64%, 06/14/27 (a)(b) | 300,000 | 263,676 |
3.07%, 05/22/28 (a)(b) | 200,000 | 180,464 |
5.52%, 09/30/28 (a)(b) | 200,000 | 198,542 |
4.89%, 05/18/29 (a)(b) | 300,000 | 287,067 |
3.75%, 11/01/29 (a)(b) | 200,000 | 188,476 |
5.08%, 01/27/30 (a)(b) | 200,000 | 191,832 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.45%, 05/08/30 (a)(b) | 200,000 | 185,326 |
3.03%, 11/28/35 (a)(b) | 250,000 | 193,240 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 250,000 | 242,057 |
4.00%, 05/10/27 (a) | 100,000 | 96,976 |
3.65%, 08/03/28 (a) | 100,000 | 94,681 |
3.15%, 05/03/29 (a) | 100,000 | 91,003 |
1.95%, 05/01/30 (a) | 200,000 | 163,810 |
6.13%, 11/02/32 (a) | 200,000 | 211,370 |
PNC Bank NA | ||
2.95%, 02/23/25 (a) | 250,000 | 239,410 |
3.88%, 04/10/25 (a) | 250,000 | 242,407 |
3.25%, 06/01/25 (a) | 250,000 | 239,872 |
3.10%, 10/25/27 (a) | 250,000 | 232,625 |
3.25%, 01/22/28 (a) | 250,000 | 232,678 |
4.05%, 07/26/28 | 250,000 | 235,995 |
2.70%, 10/22/29 | 250,000 | 212,725 |
PNC Financial Services Group, Inc. | ||
6.04%, 10/28/33 (a)(b) | 250,000 | 260,160 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 200,000 | 187,018 |
1.80%, 08/12/28 (a) | 250,000 | 210,233 |
7.38%, 12/10/37 | 100,000 | 115,876 |
Royal Bank of Canada | ||
2.55%, 07/16/24 | 150,000 | 144,551 |
3.97%, 07/26/24 | 250,000 | 245,435 |
0.65%, 07/29/24 | 150,000 | 140,517 |
0.75%, 10/07/24 | 100,000 | 93,136 |
5.66%, 10/25/24 | 200,000 | 201,430 |
2.25%, 11/01/24 | 200,000 | 190,416 |
1.60%, 01/21/25 | 200,000 | 187,318 |
3.38%, 04/14/25 | 250,000 | 240,550 |
1.15%, 06/10/25 | 350,000 | 319,707 |
4.88%, 01/12/26 | 200,000 | 198,334 |
0.88%, 01/20/26 | 400,000 | 354,320 |
4.65%, 01/27/26 | 300,000 | 293,445 |
1.20%, 04/27/26 | 200,000 | 177,240 |
1.15%, 07/14/26 | 150,000 | 131,691 |
1.40%, 11/02/26 | 200,000 | 174,580 |
3.63%, 05/04/27 | 250,000 | 236,005 |
4.24%, 08/03/27 | 250,000 | 240,427 |
6.00%, 11/01/27 | 250,000 | 257,512 |
2.30%, 11/03/31 | 250,000 | 200,873 |
3.88%, 05/04/32 | 200,000 | 180,974 |
5.00%, 02/01/33 | 300,000 | 292,953 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 200,000 | 194,828 |
3.45%, 06/02/25 (a) | 200,000 | 190,406 |
4.50%, 07/17/25 (a) | 300,000 | 291,462 |
3.24%, 10/05/26 (a)(c) | 150,000 | 138,369 |
4.40%, 07/13/27 (a) | 150,000 | 142,634 |
2.49%, 01/06/28 (a)(b) | 150,000 | 130,835 |
Santander UK Group Holdings PLC | ||
1.09%, 03/15/25 (a)(b) | 300,000 | 284,457 |
1.53%, 08/21/26 (a)(b) | 200,000 | 178,886 |
1.67%, 06/14/27 (a)(b) | 300,000 | 262,143 |
3.82%, 11/03/28 (a)(b) | 250,000 | 227,590 |
2.90%, 03/15/32 (a)(b) | 200,000 | 160,544 |
Santander UK PLC | ||
4.00%, 03/13/24 | 200,000 | 197,352 |
2.88%, 06/18/24 | 200,000 | 193,210 |
State Street Corp. | ||
3.30%, 12/16/24 | 300,000 | 290,676 |
2.35%, 11/01/25 (a)(b) | 200,000 | 190,306 |
2.90%, 03/30/26 (a)(b) | 200,000 | 190,572 |
2.65%, 05/19/26 | 250,000 | 233,765 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.75%, 11/04/26 (a)(b) | 200,000 | 202,904 |
2.20%, 02/07/28 (a)(b) | 100,000 | 90,035 |
4.14%, 12/03/29 (a)(b) | 100,000 | 94,976 |
2.40%, 01/24/30 | 100,000 | 85,553 |
2.20%, 03/03/31 | 200,000 | 161,058 |
3.15%, 03/30/31 (a)(b) | 100,000 | 88,065 |
2.62%, 02/07/33 (a)(b) | 100,000 | 82,204 |
4.42%, 05/13/33 (a)(b) | 100,000 | 94,933 |
4.16%, 08/04/33 (a)(b) | 100,000 | 91,868 |
3.03%, 11/01/34 (a)(b) | 100,000 | 85,586 |
Sumitomo Mitsui Banking Corp. | ||
3.65%, 07/23/25 | 250,000 | 239,820 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.70%, 07/16/24 | 450,000 | 433,269 |
2.45%, 09/27/24 | 200,000 | 190,782 |
2.35%, 01/15/25 | 200,000 | 188,876 |
1.47%, 07/08/25 | 300,000 | 273,261 |
0.95%, 01/12/26 | 250,000 | 221,200 |
5.46%, 01/13/26 | 250,000 | 249,485 |
3.78%, 03/09/26 | 200,000 | 191,390 |
2.63%, 07/14/26 | 400,000 | 365,488 |
1.40%, 09/17/26 | 250,000 | 217,110 |
3.01%, 10/19/26 | 250,000 | 230,475 |
3.45%, 01/11/27 | 200,000 | 186,698 |
3.36%, 07/12/27 | 200,000 | 185,236 |
3.35%, 10/18/27 | 250,000 | 230,493 |
5.52%, 01/13/28 | 250,000 | 250,202 |
3.94%, 07/19/28 | 250,000 | 234,233 |
1.90%, 09/17/28 | 200,000 | 166,100 |
4.31%, 10/16/28 | 100,000 | 95,011 |
2.47%, 01/14/29 | 200,000 | 169,690 |
3.04%, 07/16/29 | 400,000 | 346,784 |
3.20%, 09/17/29 | 100,000 | 85,798 |
2.72%, 09/27/29 | 200,000 | 168,948 |
5.71%, 01/13/30 | 200,000 | 201,736 |
2.75%, 01/15/30 | 200,000 | 169,138 |
2.13%, 07/08/30 | 300,000 | 239,910 |
2.14%, 09/23/30 | 150,000 | 117,966 |
1.71%, 01/12/31 | 200,000 | 152,578 |
2.22%, 09/17/31 | 200,000 | 156,276 |
5.77%, 01/13/33 | 250,000 | 252,775 |
2.93%, 09/17/41 | 150,000 | 104,585 |
3.05%, 01/14/42 | 200,000 | 143,950 |
SVB Financial Group | ||
1.80%, 10/28/26 (a)(d) | 200,000 | 174,816 |
3.13%, 06/05/30 (a)(d) | 200,000 | 168,834 |
1.80%, 02/02/31 (a)(d) | 100,000 | 74,341 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 246,450 |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 150,000 | 147,939 |
4.25%, 08/15/24 (a) | 200,000 | 195,170 |
4.50%, 07/23/25 (a) | 250,000 | 240,925 |
3.70%, 08/04/26 (a) | 200,000 | 185,662 |
3.95%, 12/01/27 (a) | 200,000 | 182,550 |
5.15%, 03/19/29 (a) | 150,000 | 141,267 |
2.88%, 10/28/31 (a) | 100,000 | 75,304 |
The Bank of New York Mellon Corp. | ||
3.25%, 09/11/24 (a) | 200,000 | 194,236 |
2.10%, 10/24/24 | 200,000 | 190,460 |
1.60%, 04/24/25 (a) | 250,000 | 231,885 |
3.35%, 04/25/25 (a) | 200,000 | 192,738 |
0.75%, 01/28/26 (a) | 500,000 | 443,805 |
2.80%, 05/04/26 (a) | 200,000 | 186,812 |
4.41%, 07/24/26 (a)(b) | 250,000 | 245,045 |
2.45%, 08/17/26 (a) | 150,000 | 137,777 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 05/16/27 (a) | 250,000 | 234,483 |
3.44%, 02/07/28 (a)(b) | 150,000 | 141,177 |
3.85%, 04/28/28 | 600,000 | 569,856 |
5.80%, 10/25/28 (a)(b) | 250,000 | 256,295 |
3.00%, 10/30/28 (a) | 150,000 | 134,220 |
1.90%, 01/25/29 (a) | 100,000 | 83,782 |
1.80%, 07/28/31 (a) | 100,000 | 78,240 |
4.29%, 06/13/33 (a)(b) | 200,000 | 186,542 |
5.83%, 10/25/33 (a)(b) | 250,000 | 260,595 |
The Bank of Nova Scotia | ||
2.44%, 03/11/24 | 150,000 | 145,685 |
0.70%, 04/15/24 | 250,000 | 237,248 |
0.65%, 07/31/24 | 200,000 | 187,138 |
1.45%, 01/10/25 | 250,000 | 232,883 |
2.20%, 02/03/25 | 200,000 | 188,636 |
3.45%, 04/11/25 | 250,000 | 240,500 |
1.30%, 06/11/25 | 400,000 | 365,412 |
4.50%, 12/16/25 | 150,000 | 145,505 |
4.75%, 02/02/26 | 200,000 | 196,830 |
1.05%, 03/02/26 | 200,000 | 176,332 |
1.35%, 06/24/26 | 250,000 | 220,235 |
2.70%, 08/03/26 | 200,000 | 183,676 |
1.30%, 09/15/26 | 250,000 | 217,740 |
1.95%, 02/02/27 | 150,000 | 133,614 |
4.85%, 02/01/30 | 200,000 | 194,130 |
2.15%, 08/01/31 | 150,000 | 119,250 |
2.45%, 02/02/32 | 150,000 | 120,978 |
4.59%, 05/04/37 (a)(b) | 200,000 | 175,340 |
The Goldman Sachs Group, Inc. | ||
4.00%, 03/03/24 | 500,000 | 492,645 |
3.00%, 03/15/24 | 400,000 | 389,724 |
3.85%, 07/08/24 (a) | 424,000 | 415,164 |
5.70%, 11/01/24 | 300,000 | 301,893 |
3.50%, 01/23/25 (a) | 450,000 | 434,988 |
3.50%, 04/01/25 (a) | 650,000 | 625,969 |
3.75%, 05/22/25 (a) | 450,000 | 435,096 |
3.27%, 09/29/25 (a)(b) | 450,000 | 432,729 |
4.25%, 10/21/25 | 350,000 | 339,269 |
0.86%, 02/12/26 (a)(b) | 150,000 | 136,197 |
3.75%, 02/25/26 (a) | 400,000 | 382,324 |
3.50%, 11/16/26 (a) | 550,000 | 516,598 |
1.09%, 12/09/26 (a)(b) | 400,000 | 352,264 |
5.95%, 01/15/27 | 157,000 | 159,945 |
3.85%, 01/26/27 (a) | 600,000 | 568,308 |
1.43%, 03/09/27 (a)(b) | 550,000 | 485,133 |
4.39%, 06/15/27 (a)(b) | 150,000 | 144,833 |
1.54%, 09/10/27 (a)(b) | 500,000 | 434,305 |
1.95%, 10/21/27 (a)(b) | 800,000 | 700,912 |
2.64%, 02/24/28 (a)(b) | 500,000 | 447,175 |
3.62%, 03/15/28 (a)(b) | 500,000 | 464,465 |
3.69%, 06/05/28 (a)(b) | 400,000 | 371,740 |
4.48%, 08/23/28 (a)(b) | 450,000 | 431,536 |
3.81%, 04/23/29 (a)(b) | 450,000 | 413,194 |
4.22%, 05/01/29 (a)(b) | 600,000 | 562,206 |
2.60%, 02/07/30 (a) | 350,000 | 294,605 |
3.80%, 03/15/30 (a) | 400,000 | 363,192 |
1.99%, 01/27/32 (a)(b) | 400,000 | 307,740 |
2.62%, 04/22/32 (a)(b) | 700,000 | 563,591 |
2.38%, 07/21/32 (a)(b) | 700,000 | 550,417 |
2.65%, 10/21/32 (a)(b) | 500,000 | 398,985 |
6.13%, 02/15/33 | 150,000 | 158,540 |
3.10%, 02/24/33 (a)(b) | 700,000 | 577,241 |
6.45%, 05/01/36 | 100,000 | 104,259 |
6.75%, 10/01/37 | 1,000,000 | 1,065,540 |
4.02%, 10/31/38 (a)(b) | 500,000 | 415,570 |
4.41%, 04/23/39 (a)(b) | 300,000 | 260,892 |
6.25%, 02/01/41 | 450,000 | 482,283 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.21%, 04/22/42 (a)(b) | 400,000 | 291,324 |
2.91%, 07/21/42 (a)(b) | 250,000 | 174,323 |
3.44%, 02/24/43 (a)(b) | 200,000 | 149,608 |
4.80%, 07/08/44 (a) | 350,000 | 314,674 |
5.15%, 05/22/45 | 350,000 | 324,282 |
4.75%, 10/21/45 (a) | 300,000 | 268,740 |
The Huntington National Bank | ||
4.55%, 05/17/28 (a)(b) | 250,000 | 241,970 |
5.65%, 01/10/30 (a) | 250,000 | 252,270 |
The PNC Financial Services Group, Inc. | ||
3.90%, 04/29/24 (a) | 250,000 | 246,022 |
2.20%, 11/01/24 (a) | 100,000 | 95,480 |
2.60%, 07/23/26 (a) | 100,000 | 92,417 |
1.15%, 08/13/26 (a) | 150,000 | 131,877 |
4.76%, 01/26/27 (a)(b) | 250,000 | 246,215 |
3.15%, 05/19/27 (a) | 200,000 | 187,084 |
3.45%, 04/23/29 (a) | 250,000 | 230,135 |
2.55%, 01/22/30 (a) | 300,000 | 255,507 |
2.31%, 04/23/32 (a)(b) | 200,000 | 162,544 |
5.07%, 01/24/34 (a)(b) | 250,000 | 242,332 |
The Toronto-Dominion Bank | ||
0.55%, 03/04/24 | 200,000 | 190,612 |
2.35%, 03/08/24 | 250,000 | 242,585 |
3.25%, 03/11/24 | 200,000 | 195,704 |
2.65%, 06/12/24 | 200,000 | 193,452 |
0.70%, 09/10/24 | 250,000 | 233,058 |
4.29%, 09/13/24 | 300,000 | 295,377 |
1.45%, 01/10/25 | 100,000 | 93,344 |
3.77%, 06/06/25 | 300,000 | 290,076 |
1.15%, 06/12/25 | 250,000 | 228,098 |
0.75%, 09/11/25 | 200,000 | 178,786 |
0.75%, 01/06/26 | 200,000 | 176,560 |
1.20%, 06/03/26 | 250,000 | 219,413 |
1.25%, 09/10/26 | 300,000 | 261,561 |
1.95%, 01/12/27 | 100,000 | 89,066 |
2.80%, 03/10/27 | 250,000 | 228,593 |
4.69%, 09/15/27 | 400,000 | 391,708 |
5.16%, 01/10/28 | 250,000 | 248,920 |
2.00%, 09/10/31 | 150,000 | 117,927 |
3.63%, 09/15/31 (a)(b) | 300,000 | 279,285 |
2.45%, 01/12/32 | 150,000 | 121,848 |
3.20%, 03/10/32 | 300,000 | 258,384 |
4.46%, 06/08/32 | 300,000 | 282,744 |
Truist Bank | ||
2.15%, 12/06/24 (a) | 250,000 | 237,188 |
1.50%, 03/10/25 (a) | 300,000 | 278,745 |
3.63%, 09/16/25 (a) | 491,000 | 471,664 |
4.05%, 11/03/25 (a) | 200,000 | 194,686 |
2.25%, 03/11/30 (a) | 250,000 | 206,665 |
Truist Financial Corp. | ||
2.50%, 08/01/24 (a) | 300,000 | 288,303 |
2.85%, 10/26/24 (a) | 300,000 | 289,839 |
4.00%, 05/01/25 (a) | 200,000 | 195,014 |
1.20%, 08/05/25 (a) | 200,000 | 182,140 |
4.26%, 07/28/26 (a)(b) | 300,000 | 292,674 |
1.27%, 03/02/27 (a)(b) | 200,000 | 178,254 |
1.13%, 08/03/27 (a) | 250,000 | 213,130 |
4.87%, 01/26/29 (a)(b) | 250,000 | 245,620 |
3.88%, 03/19/29 (a) | 100,000 | 92,897 |
1.89%, 06/07/29 (a)(b) | 250,000 | 211,238 |
1.95%, 06/05/30 (a) | 100,000 | 80,939 |
4.92%, 07/28/33 (a)(b) | 200,000 | 188,658 |
6.12%, 10/28/33 (a)(b) | 150,000 | 157,241 |
5.12%, 01/26/34 (a)(b) | 250,000 | 243,447 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
US Bancorp | ||
2.40%, 07/30/24 (a) | 200,000 | 192,208 |
1.45%, 05/12/25 (a) | 300,000 | 276,993 |
3.10%, 04/27/26 (a) | 250,000 | 235,038 |
2.38%, 07/22/26 (a) | 300,000 | 275,451 |
5.73%, 10/21/26 (a)(b) | 200,000 | 202,370 |
3.15%, 04/27/27 (a) | 300,000 | 279,999 |
4.55%, 07/22/28 (a)(b) | 250,000 | 243,245 |
4.65%, 02/01/29 (a)(b) | 300,000 | 291,525 |
3.00%, 07/30/29 (a) | 150,000 | 131,930 |
1.38%, 07/22/30 (a) | 400,000 | 310,324 |
2.68%, 01/27/33 (a)(b) | 200,000 | 165,184 |
4.97%, 07/22/33 (a)(b) | 250,000 | 238,575 |
5.85%, 10/21/33 (a)(b) | 250,000 | 257,790 |
4.84%, 02/01/34 (a)(b) | 200,000 | 191,564 |
2.49%, 11/03/36 (a)(b) | 250,000 | 192,435 |
US Bank NA/Cincinnati OH | ||
2.05%, 01/21/25 (a) | 250,000 | 236,188 |
2.80%, 01/27/25 (a) | 250,000 | 239,807 |
Wachovia Corp. | ||
5.50%, 08/01/35 | 130,000 | 128,547 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 50,000 | 46,133 |
Wells Fargo & Co. | ||
3.30%, 09/09/24 | 424,000 | 411,840 |
3.00%, 02/19/25 | 500,000 | 478,750 |
0.81%, 05/19/25 (a)(b) | 150,000 | 141,641 |
3.55%, 09/29/25 | 350,000 | 335,282 |
6.00%, 10/28/25 (a) | 100,000 | 100,030 |
2.41%, 10/30/25 (a)(b) | 550,000 | 521,796 |
2.16%, 02/11/26 (a)(b) | 550,000 | 515,344 |
3.00%, 04/22/26 | 500,000 | 466,940 |
3.91%, 04/25/26 (a)(b) | 500,000 | 482,830 |
2.19%, 04/30/26 (a)(b) | 550,000 | 511,962 |
4.10%, 06/03/26 | 450,000 | 432,279 |
4.54%, 08/15/26 (a)(b) | 400,000 | 390,612 |
3.00%, 10/23/26 | 650,000 | 600,723 |
3.20%, 06/17/27 (a)(b) | 400,000 | 371,488 |
4.30%, 07/22/27 | 480,000 | 464,645 |
3.53%, 03/24/28 (a)(b) | 750,000 | 695,145 |
3.58%, 05/22/28 (a)(b) | 500,000 | 463,000 |
2.39%, 06/02/28 (a)(b) | 550,000 | 486,788 |
4.81%, 07/25/28 (a)(b) | 500,000 | 487,100 |
4.15%, 01/24/29 (a) | 475,000 | 445,042 |
2.88%, 10/30/30 (a)(b) | 600,000 | 511,806 |
2.57%, 02/11/31 (a)(b) | 550,000 | 458,876 |
4.48%, 04/04/31 (a)(b) | 400,000 | 376,484 |
3.35%, 03/02/33 (a)(b) | 700,000 | 592,620 |
4.90%, 07/25/33 (a)(b) | 750,000 | 716,235 |
3.07%, 04/30/41 (a)(b) | 650,000 | 473,148 |
5.38%, 11/02/43 | 300,000 | 284,418 |
5.61%, 01/15/44 | 450,000 | 439,258 |
4.65%, 11/04/44 | 400,000 | 342,608 |
3.90%, 05/01/45 | 230,000 | 182,970 |
4.90%, 11/17/45 | 350,000 | 310,124 |
4.40%, 06/14/46 | 300,000 | 246,669 |
4.75%, 12/07/46 | 400,000 | 343,624 |
5.01%, 04/04/51 (a)(b) | 950,000 | 876,251 |
4.61%, 04/25/53 (a)(b) | 625,000 | 542,537 |
5.95%, 12/01/86 | 150,000 | 157,140 |
Wells Fargo Bank NA | ||
5.85%, 02/01/37 | 250,000 | 254,947 |
6.60%, 01/15/38 | 250,000 | 272,527 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 150,000 | 130,809 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Westpac Banking Corp. | ||
5.35%, 10/18/24 | 200,000 | 200,486 |
1.02%, 11/18/24 | 250,000 | 233,043 |
2.35%, 02/19/25 | 250,000 | 236,920 |
3.74%, 08/26/25 | 200,000 | 193,564 |
2.85%, 05/13/26 | 200,000 | 186,496 |
1.15%, 06/03/26 | 250,000 | 220,518 |
2.70%, 08/19/26 | 100,000 | 92,469 |
3.35%, 03/08/27 | 150,000 | 141,128 |
4.04%, 08/26/27 | 200,000 | 193,370 |
5.46%, 11/18/27 | 200,000 | 203,524 |
3.40%, 01/25/28 | 250,000 | 232,428 |
1.95%, 11/20/28 | 200,000 | 170,940 |
2.65%, 01/16/30 | 100,000 | 87,547 |
2.89%, 02/04/30 (a)(b) | 200,000 | 186,106 |
2.15%, 06/03/31 | 250,000 | 208,330 |
4.32%, 11/23/31 (a)(b) | 250,000 | 235,938 |
5.41%, 08/10/33 (a)(b) | 150,000 | 143,972 |
4.11%, 07/24/34 (a)(b) | 250,000 | 221,158 |
2.67%, 11/15/35 (a)(b) | 250,000 | 192,310 |
3.02%, 11/18/36 (a)(b) | 250,000 | 191,678 |
4.42%, 07/24/39 | 200,000 | 169,744 |
2.96%, 11/16/40 | 200,000 | 136,602 |
3.13%, 11/18/41 | 200,000 | 137,850 |
249,991,761 | ||
Brokerage/Asset Managers/Exchanges 0.3% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 150,000 | 127,329 |
Ameriprise Financial, Inc. | ||
3.00%, 04/02/25 (a) | 50,000 | 47,857 |
2.88%, 09/15/26 (a) | 200,000 | 185,370 |
4.50%, 05/13/32 (a) | 100,000 | 97,548 |
BGC Partners, Inc. | ||
3.75%, 10/01/24 (a) | 100,000 | 95,645 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 224,000 | 220,266 |
3.25%, 04/30/29 (a) | 150,000 | 138,652 |
2.40%, 04/30/30 (a) | 200,000 | 170,418 |
1.90%, 01/28/31 (a) | 250,000 | 201,980 |
2.10%, 02/25/32 (a) | 200,000 | 160,068 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 150,000 | 146,535 |
Brookfield Finance I UK PLC | ||
2.34%, 01/30/32 (a) | 150,000 | 117,332 |
Brookfield Finance LLC | ||
3.45%, 04/15/50 (a) | 100,000 | 67,578 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 100,000 | 98,419 |
4.25%, 06/02/26 (a) | 100,000 | 96,431 |
3.90%, 01/25/28 (a) | 150,000 | 139,840 |
4.85%, 03/29/29 (a) | 150,000 | 144,525 |
4.35%, 04/15/30 (a) | 150,000 | 138,340 |
2.72%, 04/15/31 (a) | 100,000 | 81,537 |
4.70%, 09/20/47 (a) | 100,000 | 85,384 |
3.50%, 03/30/51 (a) | 150,000 | 101,756 |
3.63%, 02/15/52 (a) | 100,000 | 68,622 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 100,000 | 95,681 |
1.63%, 12/15/30 (a) | 200,000 | 157,694 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 200,000 | 151,788 |
4.10%, 06/15/51 (a) | 150,000 | 90,239 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 192,926 |
2.65%, 03/15/32 (a) | 200,000 | 167,822 |
5.30%, 09/15/43 (a) | 200,000 | 204,438 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 100,000 | 94,181 |
4.50%, 06/20/28 (a) | 100,000 | 97,271 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 50,000 | 47,167 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 95,072 |
1.60%, 10/30/30 (a) | 150,000 | 116,357 |
2.95%, 08/12/51 (a) | 100,000 | 64,070 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 250,000 | 243,732 |
3.75%, 12/01/25 | 250,000 | 240,940 |
3.10%, 09/15/27 | 100,000 | 92,778 |
4.00%, 09/15/27 | 200,000 | 194,450 |
3.75%, 09/21/28 | 200,000 | 187,740 |
4.35%, 06/15/29 | 150,000 | 145,338 |
2.10%, 06/15/30 | 250,000 | 203,117 |
1.85%, 09/15/32 | 250,000 | 187,797 |
4.60%, 03/15/33 | 400,000 | 382,060 |
2.65%, 09/15/40 | 250,000 | 176,137 |
4.25%, 09/21/48 | 150,000 | 129,440 |
3.00%, 06/15/50 | 225,000 | 153,227 |
4.95%, 06/15/52 | 250,000 | 236,705 |
3.00%, 09/15/60 | 250,000 | 158,542 |
5.20%, 06/15/62 | 200,000 | 197,102 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 130,000 | 125,566 |
5.38%, 11/30/43 | 100,000 | 95,634 |
Janus Henderson US Holdings, Inc. | ||
4.88%, 08/01/25 (a) | 100,000 | 98,848 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 150,000 | 147,258 |
4.15%, 01/23/30 | 200,000 | 181,318 |
2.63%, 10/15/31 (a) | 200,000 | 156,684 |
2.75%, 10/15/32 (a) | 100,000 | 77,337 |
Jefferies Group LLC | ||
6.45%, 06/08/27 | 100,000 | 103,879 |
6.25%, 01/15/36 | 100,000 | 104,165 |
6.50%, 01/20/43 | 50,000 | 51,502 |
Lazard Group LLC | ||
4.50%, 09/19/28 (a) | 150,000 | 141,766 |
4.38%, 03/11/29 (a) | 150,000 | 141,070 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 150,000 | 148,447 |
5.63%, 01/15/44 | 75,000 | 74,594 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 150,000 | 143,745 |
2.50%, 12/21/40 (a) | 150,000 | 97,493 |
3.25%, 04/28/50 (a) | 100,000 | 68,136 |
3.95%, 03/07/52 (a) | 100,000 | 76,194 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 200,000 | 189,224 |
5.10%, 07/03/25 | 200,000 | 198,520 |
1.85%, 07/16/25 | 400,000 | 365,188 |
1.65%, 07/14/26 | 200,000 | 174,702 |
2.33%, 01/22/27 | 250,000 | 221,415 |
2.17%, 07/14/28 | 200,000 | 166,784 |
3.10%, 01/16/30 | 200,000 | 169,546 |
2.68%, 07/16/30 | 300,000 | 244,020 |
2.61%, 07/14/31 | 200,000 | 157,140 |
3.00%, 01/22/32 | 200,000 | 160,748 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 100,000 | 96,130 |
4.95%, 07/15/46 | 150,000 | 137,016 |
3.75%, 04/01/51 (a) | 150,000 | 112,731 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 98,346 |
4.00%, 05/15/30 (a) | 100,000 | 88,761 |
The Charles Schwab Corp. | ||
0.75%, 03/18/24 (a)(e) | 250,000 | 238,585 |
3.75%, 04/01/24 (a)(e) | 50,000 | 49,125 |
3.00%, 03/10/25 (a)(e) | 50,000 | 47,896 |
4.20%, 03/24/25 (a)(e) | 100,000 | 98,363 |
3.63%, 04/01/25 (a)(e) | 50,000 | 48,473 |
3.85%, 05/21/25 (a)(e) | 100,000 | 97,232 |
3.45%, 02/13/26 (a)(e) | 50,000 | 47,879 |
0.90%, 03/11/26 (a)(e) | 200,000 | 176,512 |
1.15%, 05/13/26 (a)(e) | 150,000 | 132,618 |
3.20%, 03/02/27 (a)(e) | 100,000 | 93,743 |
2.45%, 03/03/27 (a)(e) | 250,000 | 226,942 |
3.30%, 04/01/27 (a)(e) | 100,000 | 94,180 |
3.20%, 01/25/28 (a)(e) | 100,000 | 92,671 |
2.00%, 03/20/28 (a)(e) | 200,000 | 174,530 |
4.00%, 02/01/29 (a)(e) | 100,000 | 94,575 |
3.25%, 05/22/29 (a)(e) | 100,000 | 90,769 |
2.75%, 10/01/29 (a)(e) | 50,000 | 43,543 |
4.63%, 03/22/30 (a)(e) | 50,000 | 49,329 |
1.65%, 03/11/31 (a)(e) | 100,000 | 78,229 |
2.30%, 05/13/31 (a)(e) | 100,000 | 82,402 |
1.95%, 12/01/31 (a)(e) | 125,000 | 98,036 |
2.90%, 03/03/32 (a)(e) | 150,000 | 127,002 |
14,131,784 | ||
Finance Companies 0.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
1.65%, 10/29/24 (a) | 500,000 | 464,285 |
1.75%, 10/29/24 (a) | 250,000 | 232,255 |
3.50%, 01/15/25 (a) | 150,000 | 143,020 |
6.50%, 07/15/25 (a) | 150,000 | 150,613 |
4.45%, 10/01/25 (a) | 150,000 | 144,094 |
1.75%, 01/30/26 (a) | 250,000 | 221,137 |
4.45%, 04/03/26 (a) | 150,000 | 143,100 |
2.45%, 10/29/26 (a) | 600,000 | 529,374 |
3.65%, 07/21/27 (a) | 250,000 | 226,717 |
4.63%, 10/15/27 (a) | 150,000 | 141,777 |
3.00%, 10/29/28 (a) | 600,000 | 511,488 |
3.30%, 01/30/32 (a) | 700,000 | 560,679 |
3.40%, 10/29/33 (a) | 300,000 | 233,745 |
3.85%, 10/29/41 (a) | 150,000 | 109,421 |
Air Lease Corp. | ||
4.25%, 09/15/24 (a) | 150,000 | 146,959 |
2.30%, 02/01/25 (a) | 100,000 | 93,425 |
3.25%, 03/01/25 (a) | 150,000 | 142,471 |
3.38%, 07/01/25 (a) | 125,000 | 117,909 |
2.88%, 01/15/26 (a) | 300,000 | 276,690 |
3.75%, 06/01/26 (a) | 150,000 | 141,013 |
1.88%, 08/15/26 (a) | 250,000 | 218,442 |
2.20%, 01/15/27 (a) | 150,000 | 131,943 |
3.63%, 04/01/27 (a) | 150,000 | 137,969 |
3.63%, 12/01/27 (a) | 150,000 | 136,487 |
5.85%, 12/15/27 (a) | 150,000 | 149,400 |
4.63%, 10/01/28 (a) | 100,000 | 93,473 |
3.25%, 10/01/29 (a) | 100,000 | 85,374 |
3.00%, 02/01/30 (a) | 100,000 | 83,271 |
3.13%, 12/01/30 (a) | 150,000 | 123,318 |
2.88%, 01/15/32 (a) | 150,000 | 118,080 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Aircastle Ltd. | ||
4.13%, 05/01/24 (a) | 100,000 | 97,697 |
4.25%, 06/15/26 (a) | 100,000 | 94,901 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 150,000 | 146,701 |
4.25%, 03/01/25 (a) | 100,000 | 96,099 |
3.25%, 07/15/25 (a) | 250,000 | 233,050 |
3.88%, 01/15/26 (a) | 250,000 | 232,142 |
2.15%, 07/15/26 (a) | 150,000 | 129,464 |
2.88%, 06/15/27 (a) | 100,000 | 87,116 |
2.88%, 06/15/28 (a) | 200,000 | 164,354 |
3.20%, 11/15/31 (a) | 150,000 | 114,473 |
Bain Capital Specialty Finance, Inc. | ||
2.55%, 10/13/26 (a) | 100,000 | 86,248 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 100,000 | 88,749 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 100,000 | 90,756 |
Blackstone Private Credit Fund | ||
2.35%, 11/22/24 | 100,000 | 93,324 |
2.70%, 01/15/25 (a) | 100,000 | 93,280 |
4.70%, 03/24/25 | 200,000 | 193,366 |
7.05%, 09/29/25 (c) | 150,000 | 150,613 |
2.63%, 12/15/26 (a) | 200,000 | 170,260 |
3.25%, 03/15/27 (a) | 200,000 | 172,430 |
4.00%, 01/15/29 (a) | 150,000 | 127,733 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 150,000 | 137,790 |
2.75%, 09/16/26 (a) | 150,000 | 130,778 |
2.85%, 09/30/28 (a) | 200,000 | 161,768 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 100,000 | 97,935 |
1.65%, 10/12/24 | 100,000 | 92,580 |
4.13%, 02/01/25 (a) | 100,000 | 95,655 |
3.40%, 01/15/26 (a) | 150,000 | 135,984 |
2.63%, 01/15/27 (a) | 100,000 | 84,912 |
3.13%, 10/12/28 (a) | 150,000 | 123,279 |
GATX Corp. | ||
3.25%, 09/15/26 (a) | 100,000 | 92,782 |
3.85%, 03/30/27 (a) | 150,000 | 140,830 |
3.50%, 03/15/28 (a) | 150,000 | 136,220 |
4.70%, 04/01/29 (a) | 150,000 | 144,321 |
4.00%, 06/30/30 (a) | 100,000 | 90,065 |
1.90%, 06/01/31 (a) | 100,000 | 75,477 |
4.90%, 03/15/33 (a) | 75,000 | 70,766 |
3.10%, 06/01/51 (a) | 100,000 | 63,482 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 50,000 | 48,232 |
2.88%, 01/15/26 (a) | 150,000 | 138,506 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 200,000 | 173,392 |
Hercules Capital, Inc. | ||
3.38%, 01/20/27 (a) | 100,000 | 88,562 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 50,000 | 49,405 |
3.00%, 07/14/26 (a) | 100,000 | 88,322 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 100,000 | 94,179 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 50,000 | 47,844 |
2.70%, 01/15/27 (a) | 50,000 | 43,533 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 100,000 | 98,945 |
3.75%, 07/22/25 (a) | 100,000 | 93,571 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 01/15/26 (a) | 150,000 | 139,939 |
3.40%, 07/15/26 (a) | 200,000 | 178,616 |
2.88%, 06/11/28 (a) | 150,000 | 120,350 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a) | 100,000 | 86,698 |
4.70%, 02/08/27 (a) | 100,000 | 91,340 |
OWL Rock Core Income Corp. | ||
7.75%, 09/16/27 (a)(c) | 100,000 | 99,964 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 100,000 | 82,022 |
Prospect Capital Corp. | ||
3.36%, 11/15/26 (a) | 100,000 | 86,619 |
3.44%, 10/15/28 (a) | 100,000 | 80,278 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 100,000 | 87,941 |
12,563,567 | ||
Financial Other 0.0% | ||
ORIX Corp. | ||
3.25%, 12/04/24 | 150,000 | 144,422 |
3.70%, 07/18/27 | 100,000 | 94,757 |
2.25%, 03/09/31 | 100,000 | 80,873 |
5.20%, 09/13/32 | 200,000 | 198,840 |
The Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 100,000 | 85,488 |
604,380 | ||
Insurance 1.1% | ||
Aegon N.V. | ||
5.50%, 04/11/48 (a)(b) | 200,000 | 190,464 |
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 96,968 |
6.63%, 06/15/36 | 100,000 | 107,698 |
6.75%, 12/15/37 | 150,000 | 160,374 |
4.50%, 05/15/42 (a) | 100,000 | 86,583 |
4.13%, 11/15/42 (a) | 100,000 | 81,830 |
4.75%, 03/15/44 (a) | 50,000 | 43,830 |
3.88%, 08/15/47 (a) | 150,000 | 113,072 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 100,000 | 89,080 |
2.88%, 10/15/26 (a) | 100,000 | 93,142 |
3.60%, 04/01/30 (a) | 250,000 | 230,230 |
4.75%, 01/15/49 (a) | 100,000 | 92,207 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 100,000 | 92,733 |
3.25%, 08/15/51 (a) | 100,000 | 71,679 |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 96,004 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 90,000 | 88,544 |
American Financial Group, Inc. | ||
4.50%, 06/15/47 (a) | 100,000 | 83,193 |
American International Group, Inc. | ||
2.50%, 06/30/25 (a) | 233,000 | 219,479 |
3.90%, 04/01/26 (a) | 175,000 | 168,031 |
3.40%, 06/30/30 (a) | 150,000 | 133,047 |
3.88%, 01/15/35 (a) | 78,000 | 68,439 |
6.25%, 05/01/36 | 150,000 | 159,039 |
4.50%, 07/16/44 (a) | 145,000 | 126,470 |
4.80%, 07/10/45 (a) | 100,000 | 89,372 |
4.75%, 04/01/48 (a) | 200,000 | 178,646 |
5.75%, 04/01/48 (a)(b) | 100,000 | 96,787 |
4.38%, 06/30/50 (a) | 200,000 | 168,594 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Anthem, Inc. | ||
3.50%, 08/15/24 (a) | 195,000 | 189,842 |
3.35%, 12/01/24 (a) | 100,000 | 96,762 |
2.38%, 01/15/25 (a) | 175,000 | 165,667 |
1.50%, 03/15/26 (a) | 100,000 | 89,483 |
3.65%, 12/01/27 (a) | 500,000 | 469,460 |
4.10%, 03/01/28 (a) | 150,000 | 143,257 |
2.88%, 09/15/29 (a) | 150,000 | 130,782 |
2.25%, 05/15/30 (a) | 200,000 | 164,900 |
2.55%, 03/15/31 (a) | 200,000 | 165,918 |
6.38%, 06/15/37 | 150,000 | 159,840 |
4.63%, 05/15/42 | 200,000 | 180,594 |
4.65%, 01/15/43 | 150,000 | 134,634 |
5.10%, 01/15/44 | 150,000 | 140,873 |
4.65%, 08/15/44 (a) | 150,000 | 132,354 |
4.38%, 12/01/47 (a) | 250,000 | 211,457 |
4.55%, 03/01/48 (a) | 150,000 | 129,465 |
3.70%, 09/15/49 (a) | 150,000 | 113,444 |
3.13%, 05/15/50 (a) | 200,000 | 138,696 |
3.60%, 03/15/51 (a) | 200,000 | 149,664 |
4.55%, 05/15/52 (a) | 100,000 | 87,059 |
Aon Corp. | ||
4.50%, 12/15/28 (a) | 100,000 | 96,854 |
3.75%, 05/02/29 (a) | 150,000 | 137,474 |
2.80%, 05/15/30 (a) | 200,000 | 170,982 |
2.05%, 08/23/31 (a) | 100,000 | 78,618 |
6.25%, 09/30/40 | 50,000 | 51,961 |
2.90%, 08/23/51 (a) | 100,000 | 64,913 |
Aon Corp./Aon Global Holdings PLC | ||
2.60%, 12/02/31 (a) | 100,000 | 81,602 |
3.90%, 02/28/52 (a) | 125,000 | 96,444 |
Aon PLC | ||
3.50%, 06/14/24 (a) | 150,000 | 146,500 |
3.88%, 12/15/25 (a) | 200,000 | 193,032 |
4.60%, 06/14/44 (a) | 150,000 | 131,250 |
4.75%, 05/15/45 (a) | 100,000 | 88,985 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 100,000 | 96,568 |
5.03%, 12/15/46 (a) | 100,000 | 89,288 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 200,000 | 144,310 |
Arch Capital Group US, Inc. | ||
5.14%, 11/01/43 | 85,000 | 78,059 |
Arthur J Gallagher & Co. | ||
2.40%, 11/09/31 (a) | 100,000 | 79,452 |
3.50%, 05/20/51 (a) | 150,000 | 106,628 |
3.05%, 03/09/52 (a) | 100,000 | 65,091 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 113,000 | 111,871 |
3.70%, 02/22/30 (a) | 100,000 | 86,779 |
Assured Guaranty US Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 200,000 | 170,844 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 200,000 | 187,178 |
6.15%, 04/03/30 (a) | 100,000 | 101,001 |
3.50%, 01/15/31 (a) | 100,000 | 84,096 |
6.65%, 02/01/33 (a) | 100,000 | 102,763 |
3.95%, 05/25/51 (a) | 100,000 | 70,536 |
3.45%, 05/15/52 (a) | 50,000 | 31,947 |
AXA S.A. | ||
8.60%, 12/15/30 | 100,000 | 122,995 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 100,000 | 91,547 |
4.90%, 01/15/40 (a)(b) | 50,000 | 42,998 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a) | 150,000 | 139,154 |
1.85%, 03/12/30 (a) | 100,000 | 83,445 |
1.45%, 10/15/30 (a) | 150,000 | 119,138 |
2.88%, 03/15/32 (a) | 200,000 | 172,642 |
5.75%, 01/15/40 | 200,000 | 215,470 |
4.30%, 05/15/43 | 150,000 | 135,429 |
4.20%, 08/15/48 (a) | 400,000 | 354,096 |
4.25%, 01/15/49 (a) | 350,000 | 312,466 |
2.85%, 10/15/50 (a) | 300,000 | 203,289 |
2.50%, 01/15/51 (a) | 100,000 | 62,836 |
3.85%, 03/15/52 (a) | 450,000 | 363,960 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 550,000 | 525,536 |
4.50%, 02/11/43 | 100,000 | 92,711 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 150,000 | 140,460 |
5.63%, 05/15/30 (a) | 150,000 | 147,676 |
4.70%, 06/22/47 (a) | 200,000 | 154,870 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 100,000 | 97,933 |
2.38%, 03/15/31 (a) | 250,000 | 192,570 |
4.20%, 03/17/32 (a) | 100,000 | 87,718 |
4.95%, 03/17/52 (a) | 100,000 | 84,340 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 400,000 | 370,812 |
2.45%, 07/15/28 (a) | 400,000 | 336,360 |
4.63%, 12/15/29 (a) | 600,000 | 550,704 |
3.38%, 02/15/30 (a) | 400,000 | 339,052 |
3.00%, 10/15/30 (a) | 400,000 | 327,400 |
2.50%, 03/01/31 (a) | 400,000 | 312,756 |
2.63%, 08/01/31 (a) | 200,000 | 156,578 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 150,000 | 144,168 |
3.35%, 05/03/26 (a) | 400,000 | 381,272 |
1.38%, 09/15/30 (a) | 250,000 | 194,552 |
4.15%, 03/13/43 | 200,000 | 175,216 |
4.35%, 11/03/45 (a) | 250,000 | 223,907 |
2.85%, 12/15/51 (a) | 150,000 | 102,036 |
3.05%, 12/15/61 (a) | 250,000 | 164,465 |
Cincinnati Financial Corp. | ||
6.13%, 11/01/34 | 150,000 | 157,879 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 100,000 | 98,241 |
4.50%, 03/01/26 (a) | 150,000 | 146,839 |
3.45%, 08/15/27 (a) | 100,000 | 92,843 |
3.90%, 05/01/29 (a) | 100,000 | 92,113 |
2.05%, 08/15/30 (a) | 100,000 | 79,602 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 150,000 | 142,330 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(c) | 200,000 | 191,466 |
3.65%, 04/05/27 (a)(c) | 250,000 | 233,467 |
3.85%, 04/05/29 (a)(c) | 150,000 | 135,453 |
3.90%, 04/05/32 (a)(c) | 400,000 | 350,672 |
4.35%, 04/05/42 (a)(c) | 100,000 | 82,910 |
4.40%, 04/05/52 (a)(c) | 250,000 | 199,515 |
Elevance Health, Inc. | ||
5.50%, 10/15/32 (a) | 150,000 | 152,524 |
6.10%, 10/15/52 (a) | 150,000 | 160,935 |
5.13%, 02/15/53 (a) | 150,000 | 142,357 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 100,000 | 91,997 |
3.10%, 09/01/31 (a) | 100,000 | 76,171 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 350,000 | 332,997 |
5.00%, 04/20/48 (a) | 250,000 | 221,335 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 100,000 | 89,890 |
3.50%, 10/15/50 (a) | 200,000 | 141,006 |
3.13%, 10/15/52 (a) | 150,000 | 97,463 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 100,000 | 95,897 |
4.63%, 04/29/30 (a) | 125,000 | 115,349 |
3.38%, 03/03/31 (a) | 100,000 | 82,012 |
5.63%, 08/16/32 (a)(c) | 100,000 | 95,172 |
Fidelity National Financial, Inc. | ||
3.40%, 06/15/30 (a) | 250,000 | 215,787 |
2.45%, 03/15/31 (a) | 150,000 | 117,996 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 100,000 | 88,275 |
2.40%, 08/15/31 (a) | 100,000 | 75,134 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 100,000 | 98,250 |
2.15%, 08/15/30 (a) | 150,000 | 120,507 |
Humana, Inc. | ||
3.85%, 10/01/24 (a) | 156,000 | 152,325 |
4.50%, 04/01/25 (a) | 100,000 | 98,310 |
1.35%, 02/03/27 (a) | 150,000 | 129,218 |
3.95%, 03/15/27 (a) | 100,000 | 95,664 |
3.70%, 03/23/29 (a) | 100,000 | 90,843 |
3.13%, 08/15/29 (a) | 150,000 | 131,054 |
4.88%, 04/01/30 (a) | 100,000 | 97,955 |
2.15%, 02/03/32 (a) | 150,000 | 115,908 |
5.88%, 03/01/33 (a) | 150,000 | 154,401 |
4.95%, 10/01/44 (a) | 100,000 | 90,033 |
4.80%, 03/15/47 (a) | 100,000 | 88,780 |
3.95%, 08/15/49 (a) | 150,000 | 117,729 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a) | 100,000 | 80,117 |
5.67%, 06/08/32 (a) | 100,000 | 97,628 |
4.00%, 11/23/51 (a) | 100,000 | 67,598 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 100,000 | 97,659 |
2.40%, 09/30/30 (a) | 150,000 | 117,011 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 150,000 | 141,527 |
3.80%, 03/01/28 (a) | 100,000 | 92,701 |
3.05%, 01/15/30 (a) | 100,000 | 84,693 |
3.40%, 01/15/31 (a) | 150,000 | 126,720 |
3.40%, 03/01/32 (a) | 75,000 | 62,811 |
7.00%, 06/15/40 | 100,000 | 108,491 |
4.38%, 06/15/50 (a) | 150,000 | 115,722 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 100,000 | 88,802 |
6.00%, 02/01/35 | 100,000 | 105,941 |
4.13%, 05/15/43 (a) | 100,000 | 83,563 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 200,000 | 194,838 |
2.48%, 05/19/27 (a) | 100,000 | 90,866 |
4.06%, 02/24/32 (a)(b) | 200,000 | 185,606 |
3.70%, 03/16/32 (a) | 150,000 | 134,738 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 100,000 | 93,245 |
3.35%, 09/17/29 (a) | 100,000 | 88,226 |
5.00%, 04/05/46 | 200,000 | 176,824 |
4.30%, 11/01/47 (a) | 75,000 | 59,928 |
4.15%, 09/17/50 (a) | 100,000 | 78,058 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marsh & McLennan Cos., Inc. | ||
3.50%, 06/03/24 (a) | 150,000 | 146,580 |
3.50%, 03/10/25 (a) | 100,000 | 96,507 |
3.75%, 03/14/26 (a) | 150,000 | 144,045 |
4.38%, 03/15/29 (a) | 250,000 | 238,392 |
2.25%, 11/15/30 (a) | 140,000 | 113,663 |
5.75%, 11/01/32 (a) | 100,000 | 103,937 |
5.88%, 08/01/33 | 100,000 | 105,723 |
4.75%, 03/15/39 (a) | 150,000 | 139,710 |
4.35%, 01/30/47 (a) | 100,000 | 85,868 |
4.20%, 03/01/48 (a) | 50,000 | 42,001 |
4.90%, 03/15/49 (a) | 200,000 | 185,018 |
6.25%, 11/01/52 (a) | 100,000 | 111,193 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 95,647 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 250,000 | 245,255 |
3.60%, 11/13/25 (a) | 100,000 | 96,336 |
4.55%, 03/23/30 (a) | 200,000 | 196,746 |
6.50%, 12/15/32 | 100,000 | 111,608 |
6.38%, 06/15/34 | 200,000 | 223,352 |
5.70%, 06/15/35 | 250,000 | 262,315 |
5.88%, 02/06/41 | 150,000 | 156,427 |
4.13%, 08/13/42 | 100,000 | 85,551 |
4.88%, 11/13/43 | 250,000 | 234,150 |
4.72%, 12/15/44 | 100,000 | 91,510 |
4.05%, 03/01/45 | 100,000 | 83,977 |
4.60%, 05/13/46 (a) | 100,000 | 89,594 |
5.00%, 07/15/52 (a) | 100,000 | 95,918 |
5.25%, 01/15/54 (a) | 150,000 | 146,971 |
6.40%, 12/15/66 (a) | 230,000 | 231,904 |
10.75%, 08/01/69 (a)(b) | 75,000 | 101,910 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/87 (b) | 40,000 | 39,784 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 150,000 | 142,804 |
3.85%, 06/11/51 (a) | 125,000 | 89,780 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 100,000 | 90,664 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 150,000 | 124,340 |
Principal Financial Group, Inc. | ||
3.10%, 11/15/26 (a) | 100,000 | 92,648 |
3.70%, 05/15/29 (a) | 150,000 | 139,625 |
2.13%, 06/15/30 (a) | 150,000 | 122,496 |
4.30%, 11/15/46 (a) | 137,000 | 113,546 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 150,000 | 135,333 |
3.88%, 03/27/28 (a) | 97,000 | 92,659 |
2.10%, 03/10/30 (a) | 200,000 | 166,220 |
6.63%, 12/01/37 | 150,000 | 166,825 |
3.00%, 03/10/40 (a) | 250,000 | 187,347 |
5.20%, 03/15/44 (a)(b) | 100,000 | 98,438 |
4.60%, 05/15/44 | 150,000 | 136,608 |
5.38%, 05/15/45 (a)(b) | 150,000 | 146,299 |
4.50%, 09/15/47 (a)(b) | 100,000 | 92,708 |
3.91%, 12/07/47 (a) | 200,000 | 158,656 |
5.70%, 09/15/48 (a)(b) | 150,000 | 143,151 |
3.94%, 12/07/49 (a) | 100,000 | 79,477 |
4.35%, 02/25/50 (a) | 150,000 | 127,707 |
3.70%, 10/01/50 (a)(b) | 200,000 | 169,438 |
3.70%, 03/13/51 (a) | 300,000 | 229,779 |
5.13%, 03/01/52 (a)(b) | 200,000 | 183,552 |
6.00%, 09/01/52 (a)(b) | 200,000 | 194,692 |
Prudential PLC | ||
3.13%, 04/14/30 | 200,000 | 176,222 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 150,000 | 150,019 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 200,000 | 183,340 |
3.15%, 06/15/30 (a) | 200,000 | 171,360 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 150,000 | 135,140 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 100,000 | 77,417 |
The Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 133,154 |
3.28%, 12/15/26 (a) | 100,000 | 94,440 |
5.35%, 06/01/33 | 200,000 | 204,520 |
5.55%, 05/09/35 | 150,000 | 154,977 |
4.50%, 06/15/43 | 50,000 | 44,585 |
4.20%, 12/15/46 (a) | 100,000 | 83,269 |
3.85%, 08/10/49 (a) | 100,000 | 80,095 |
6.50%, 05/15/67 (a)(b) | 100,000 | 97,343 |
The Chubb Corp. | ||
6.50%, 05/15/38 | 100,000 | 112,883 |
The Hanover Insurance Group, Inc. | ||
2.50%, 09/01/30 (a) | 100,000 | 77,849 |
The Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 150,000 | 129,413 |
6.10%, 10/01/41 | 80,000 | 82,506 |
4.40%, 03/15/48 (a) | 100,000 | 85,315 |
3.60%, 08/19/49 (a) | 150,000 | 112,551 |
2.90%, 09/15/51 (a) | 150,000 | 97,668 |
The Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 91,375 |
4.00%, 03/01/29 (a) | 150,000 | 143,923 |
3.20%, 03/26/30 (a) | 100,000 | 90,072 |
6.25%, 12/01/32 | 150,000 | 164,706 |
3.70%, 01/26/45 | 100,000 | 79,261 |
4.13%, 04/15/47 (a) | 100,000 | 85,585 |
4.20%, 03/15/48 (a) | 250,000 | 215,382 |
3.95%, 03/26/50 (a) | 100,000 | 81,925 |
3.70%, 03/15/52 (a) | 100,000 | 79,374 |
The Travelers Cos., Inc. | ||
6.75%, 06/20/36 | 150,000 | 171,006 |
5.35%, 11/01/40 | 100,000 | 101,947 |
4.60%, 08/01/43 | 200,000 | 183,698 |
4.00%, 05/30/47 (a) | 200,000 | 167,640 |
4.10%, 03/04/49 (a) | 100,000 | 84,577 |
2.55%, 04/27/50 (a) | 300,000 | 193,014 |
3.05%, 06/08/51 (a) | 200,000 | 139,700 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 100,000 | 126,604 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 355,000 | 344,638 |
1.25%, 01/15/26 | 150,000 | 135,668 |
3.10%, 03/15/26 | 200,000 | 189,726 |
1.15%, 05/15/26 (a) | 200,000 | 177,374 |
3.45%, 01/15/27 | 150,000 | 142,356 |
3.38%, 04/15/27 | 150,000 | 141,564 |
3.70%, 05/15/27 (a) | 150,000 | 143,295 |
2.95%, 10/15/27 | 150,000 | 137,819 |
5.25%, 02/15/28 (a) | 200,000 | 202,832 |
3.85%, 06/15/28 | 250,000 | 237,402 |
3.88%, 12/15/28 | 150,000 | 141,916 |
4.00%, 05/15/29 (a) | 150,000 | 142,278 |
2.88%, 08/15/29 | 200,000 | 176,382 |
5.30%, 02/15/30 (a) | 200,000 | 203,014 |
2.00%, 05/15/30 | 250,000 | 205,037 |
2.30%, 05/15/31 (a) | 300,000 | 247,485 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 05/15/32 (a) | 250,000 | 235,555 |
5.35%, 02/15/33 (a) | 350,000 | 358,176 |
4.63%, 07/15/35 | 200,000 | 191,938 |
5.80%, 03/15/36 | 193,000 | 202,364 |
6.50%, 06/15/37 | 100,000 | 111,316 |
6.63%, 11/15/37 | 150,000 | 167,952 |
6.88%, 02/15/38 | 100,000 | 116,138 |
3.50%, 08/15/39 (a) | 250,000 | 204,800 |
2.75%, 05/15/40 (a) | 150,000 | 109,347 |
5.70%, 10/15/40 (a) | 75,000 | 78,737 |
5.95%, 02/15/41 (a) | 100,000 | 106,375 |
3.05%, 05/15/41 (a) | 300,000 | 225,783 |
4.63%, 11/15/41 (a) | 100,000 | 92,682 |
4.38%, 03/15/42 (a) | 100,000 | 89,682 |
3.95%, 10/15/42 (a) | 100,000 | 85,935 |
4.25%, 03/15/43 (a) | 100,000 | 88,366 |
4.75%, 07/15/45 | 350,000 | 328,251 |
4.20%, 01/15/47 (a) | 150,000 | 129,929 |
4.25%, 04/15/47 (a) | 100,000 | 86,569 |
3.75%, 10/15/47 (a) | 200,000 | 159,866 |
4.25%, 06/15/48 (a) | 250,000 | 216,937 |
4.45%, 12/15/48 (a) | 175,000 | 156,151 |
3.70%, 08/15/49 (a) | 150,000 | 118,071 |
2.90%, 05/15/50 (a) | 250,000 | 169,847 |
3.25%, 05/15/51 (a) | 350,000 | 251,405 |
4.75%, 05/15/52 (a) | 350,000 | 321,804 |
5.88%, 02/15/53 (a) | 350,000 | 378,077 |
3.88%, 08/15/59 (a) | 200,000 | 156,542 |
3.13%, 05/15/60 (a) | 150,000 | 102,071 |
4.95%, 05/15/62 (a) | 150,000 | 141,564 |
6.05%, 02/15/63 (a) | 250,000 | 274,125 |
Unum Group | ||
4.00%, 06/15/29 (a) | 100,000 | 91,632 |
5.75%, 08/15/42 | 100,000 | 92,370 |
4.50%, 12/15/49 (a) | 100,000 | 75,713 |
4.13%, 06/15/51 (a) | 100,000 | 71,993 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 100,000 | 94,767 |
5.70%, 07/15/43 | 100,000 | 96,407 |
4.70%, 01/23/48 (a)(b) | 100,000 | 85,344 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 200,000 | 195,442 |
4.65%, 06/15/27 (a) | 150,000 | 144,957 |
4.50%, 09/15/28 (a) | 150,000 | 142,551 |
2.95%, 09/15/29 (a) | 200,000 | 171,084 |
3.88%, 09/15/49 (a) | 150,000 | 109,857 |
WR Berkley Corp. | ||
4.00%, 05/12/50 (a) | 50,000 | 39,264 |
3.55%, 03/30/52 (a) | 100,000 | 71,339 |
3.15%, 09/30/61 (a) | 100,000 | 62,756 |
XLIT Ltd. | ||
5.25%, 12/15/43 | 130,000 | 128,622 |
47,946,664 | ||
REITs 0.7% | ||
Agree LP | ||
2.90%, 10/01/30 (a) | 150,000 | 125,205 |
4.80%, 10/01/32 (a) | 100,000 | 93,738 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 150,000 | 143,784 |
3.80%, 04/15/26 (a) | 100,000 | 95,823 |
3.95%, 01/15/28 (a) | 100,000 | 94,382 |
4.50%, 07/30/29 (a) | 50,000 | 47,685 |
2.75%, 12/15/29 (a) | 100,000 | 84,777 |
4.70%, 07/01/30 (a) | 100,000 | 96,996 |
4.90%, 12/15/30 (a) | 150,000 | 145,549 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.38%, 08/15/31 (a) | 150,000 | 131,807 |
2.00%, 05/18/32 (a) | 100,000 | 76,521 |
1.88%, 02/01/33 (a) | 250,000 | 185,497 |
2.95%, 03/15/34 (a) | 150,000 | 120,779 |
4.85%, 04/15/49 (a) | 50,000 | 43,826 |
4.00%, 02/01/50 (a) | 150,000 | 116,706 |
3.00%, 05/18/51 (a) | 150,000 | 96,702 |
3.55%, 03/15/52 (a) | 200,000 | 143,548 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 93,447 |
4.90%, 02/15/29 (a) | 100,000 | 95,185 |
2.38%, 07/15/31 (a) | 100,000 | 78,810 |
3.63%, 04/15/32 (a) | 150,000 | 126,927 |
AvalonBay Communities, Inc. | ||
3.50%, 11/15/24 (a) | 150,000 | 145,294 |
3.45%, 06/01/25 (a) | 100,000 | 96,186 |
2.95%, 05/11/26 (a) | 100,000 | 93,520 |
2.90%, 10/15/26 (a) | 100,000 | 92,096 |
3.30%, 06/01/29 (a) | 200,000 | 179,340 |
2.30%, 03/01/30 (a) | 100,000 | 83,860 |
2.45%, 01/15/31 (a) | 150,000 | 124,892 |
2.05%, 01/15/32 (a) | 150,000 | 118,938 |
3.90%, 10/15/46 (a) | 150,000 | 118,025 |
Boston Properties LP | ||
3.65%, 02/01/26 (a) | 150,000 | 142,215 |
2.75%, 10/01/26 (a) | 200,000 | 180,620 |
6.75%, 12/01/27 (a) | 150,000 | 155,772 |
4.50%, 12/01/28 (a) | 150,000 | 139,411 |
3.40%, 06/21/29 (a) | 200,000 | 172,090 |
2.90%, 03/15/30 (a) | 100,000 | 82,268 |
3.25%, 01/30/31 (a) | 200,000 | 167,062 |
2.55%, 04/01/32 (a) | 150,000 | 114,561 |
2.45%, 10/01/33 (a) | 200,000 | 146,294 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 150,000 | 144,340 |
4.55%, 10/01/29 (a) | 100,000 | 82,783 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 150,000 | 144,390 |
4.13%, 06/15/26 (a) | 150,000 | 141,757 |
3.90%, 03/15/27 (a) | 100,000 | 92,809 |
4.13%, 05/15/29 (a) | 150,000 | 135,286 |
4.05%, 07/01/30 (a) | 150,000 | 132,831 |
2.50%, 08/16/31 (a) | 100,000 | 77,771 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 100,000 | 95,050 |
3.15%, 07/01/29 (a) | 150,000 | 133,209 |
2.80%, 05/15/30 (a) | 100,000 | 85,881 |
3.35%, 11/01/49 (a) | 50,000 | 36,049 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 100,000 | 89,505 |
2.00%, 01/15/29 (a) | 150,000 | 115,688 |
2.75%, 04/15/31 (a) | 100,000 | 75,613 |
CubeSmart LP | ||
3.13%, 09/01/26 (a) | 150,000 | 138,487 |
4.38%, 02/15/29 (a) | 100,000 | 93,004 |
2.00%, 02/15/31 (a) | 100,000 | 76,794 |
2.50%, 02/15/32 (a) | 150,000 | 117,380 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 150,000 | 139,050 |
5.55%, 01/15/28 (a) | 150,000 | 149,607 |
4.45%, 07/15/28 (a) | 150,000 | 141,661 |
3.60%, 07/01/29 (a) | 150,000 | 132,723 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 150,000 | 137,329 |
4.50%, 06/01/27 (a) | 150,000 | 133,672 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 08/15/29 (a) | 100,000 | 81,603 |
3.60%, 11/15/31 (a) | 100,000 | 75,794 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 100,000 | 95,957 |
2.85%, 11/01/26 (a) | 150,000 | 138,277 |
3.50%, 03/01/28 (a) | 100,000 | 92,442 |
4.15%, 12/01/28 (a) | 100,000 | 94,409 |
3.00%, 07/01/29 (a) | 100,000 | 87,626 |
2.50%, 02/15/30 (a) | 100,000 | 84,489 |
4.50%, 07/01/44 (a) | 150,000 | 132,706 |
4.50%, 06/01/45 (a) | 50,000 | 43,274 |
4.00%, 08/01/47 (a) | 100,000 | 80,558 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 100,000 | 74,893 |
Essex Portfolio LP | ||
3.50%, 04/01/25 (a) | 130,000 | 124,979 |
3.38%, 04/15/26 (a) | 150,000 | 140,436 |
4.00%, 03/01/29 (a) | 150,000 | 138,204 |
3.00%, 01/15/30 (a) | 100,000 | 85,262 |
1.65%, 01/15/31 (a) | 150,000 | 112,994 |
2.65%, 03/15/32 (a) | 150,000 | 119,271 |
2.65%, 09/01/50 (a) | 100,000 | 58,574 |
Extra Space Storage LP | ||
2.55%, 06/01/31 (a) | 100,000 | 79,712 |
2.35%, 03/15/32 (a) | 150,000 | 115,053 |
Federal Realty Investment Trust | ||
1.25%, 02/15/26 (a) | 150,000 | 133,395 |
3.25%, 07/15/27 (a) | 100,000 | 91,737 |
3.50%, 06/01/30 (a) | 100,000 | 87,235 |
4.50%, 12/01/44 (a) | 100,000 | 80,717 |
Healthcare Realty Holdings LP | ||
3.10%, 02/15/30 (a) | 150,000 | 128,154 |
2.00%, 03/15/31 (a) | 100,000 | 76,485 |
2.05%, 03/15/31 (a) | 150,000 | 111,407 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 100,000 | 93,128 |
Healthpeak Properties Interim, Inc. | ||
3.40%, 02/01/25 (a) | 100,000 | 96,348 |
3.25%, 07/15/26 (a) | 200,000 | 187,588 |
3.50%, 07/15/29 (a) | 150,000 | 134,071 |
3.00%, 01/15/30 (a) | 100,000 | 86,275 |
2.88%, 01/15/31 (a) | 250,000 | 211,042 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 100,000 | 87,072 |
3.05%, 02/15/30 (a) | 100,000 | 79,367 |
2.60%, 02/01/31 (a) | 150,000 | 111,773 |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 100,000 | 97,821 |
4.00%, 06/15/25 (a) | 105,000 | 102,173 |
3.38%, 12/15/29 (a) | 150,000 | 127,799 |
3.50%, 09/15/30 (a) | 225,000 | 187,729 |
Hudson Pacific Properties LP | ||
5.95%, 02/15/28 (a) | 75,000 | 71,519 |
4.65%, 04/01/29 (a) | 100,000 | 85,119 |
3.25%, 01/15/30 (a) | 100,000 | 75,443 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 200,000 | 165,536 |
2.00%, 08/15/31 (a) | 100,000 | 75,107 |
4.15%, 04/15/32 (a) | 100,000 | 88,114 |
Kilroy Realty LP | ||
4.75%, 12/15/28 (a) | 100,000 | 92,193 |
4.25%, 08/15/29 (a) | 120,000 | 104,641 |
3.05%, 02/15/30 (a) | 150,000 | 119,696 |
2.50%, 11/15/32 (a) | 150,000 | 106,220 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kimco Realty Corp. | ||
3.30%, 02/01/25 (a) | 100,000 | 96,007 |
2.80%, 10/01/26 (a) | 100,000 | 91,431 |
1.90%, 03/01/28 (a) | 100,000 | 84,531 |
2.70%, 10/01/30 (a) | 200,000 | 165,500 |
2.25%, 12/01/31 (a) | 100,000 | 77,822 |
4.60%, 02/01/33 (a) | 100,000 | 91,927 |
4.25%, 04/01/45 (a) | 150,000 | 115,634 |
4.13%, 12/01/46 (a) | 100,000 | 75,131 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 92,678 |
Lexington Realty Trust | ||
2.70%, 09/15/30 (a) | 150,000 | 120,368 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 150,000 | 139,738 |
4.00%, 06/15/29 (a) | 100,000 | 91,368 |
2.20%, 10/15/30 (a) | 50,000 | 39,992 |
2.40%, 10/15/31 (a) | 150,000 | 119,118 |
Mid-America Apartments LP | ||
4.00%, 11/15/25 (a) | 100,000 | 96,548 |
1.10%, 09/15/26 (a) | 150,000 | 130,206 |
3.60%, 06/01/27 (a) | 150,000 | 141,942 |
4.20%, 06/15/28 (a) | 100,000 | 95,396 |
3.95%, 03/15/29 (a) | 50,000 | 47,112 |
2.75%, 03/15/30 (a) | 100,000 | 86,679 |
1.70%, 02/15/31 (a) | 100,000 | 78,185 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 100,000 | 75,251 |
National Retail Properties, Inc. | ||
4.00%, 11/15/25 (a) | 100,000 | 96,450 |
3.50%, 10/15/27 (a) | 100,000 | 91,595 |
4.30%, 10/15/28 (a) | 100,000 | 93,602 |
2.50%, 04/15/30 (a) | 100,000 | 83,136 |
4.80%, 10/15/48 (a) | 50,000 | 42,840 |
3.10%, 04/15/50 (a) | 100,000 | 64,182 |
3.00%, 04/15/52 (a) | 100,000 | 62,074 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24 (a) | 246,000 | 242,529 |
4.50%, 04/01/27 (a) | 150,000 | 141,790 |
4.75%, 01/15/28 (a) | 100,000 | 94,088 |
3.63%, 10/01/29 (a) | 150,000 | 124,796 |
3.38%, 02/01/31 (a) | 150,000 | 118,550 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 100,000 | 75,451 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 100,000 | 95,284 |
2.63%, 11/01/31 (a) | 100,000 | 80,001 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 150,000 | 115,007 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 230,000 | 217,874 |
2.13%, 04/15/27 (a) | 150,000 | 135,180 |
3.88%, 09/15/28 (a) | 150,000 | 142,156 |
4.38%, 02/01/29 (a) | 50,000 | 48,289 |
2.88%, 11/15/29 (a) | 50,000 | 43,474 |
2.25%, 04/15/30 (a) | 200,000 | 167,286 |
1.75%, 07/01/30 (a) | 150,000 | 119,501 |
1.25%, 10/15/30 (a) | 100,000 | 76,747 |
1.63%, 03/15/31 (a) | 100,000 | 78,253 |
2.25%, 01/15/32 (a) | 100,000 | 80,248 |
3.05%, 03/01/50 (a) | 50,000 | 34,652 |
3.00%, 04/15/50 (a) | 150,000 | 102,546 |
2.13%, 10/15/50 (a) | 150,000 | 84,954 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Public Storage | ||
0.88%, 02/15/26 (a) | 125,000 | 110,758 |
1.50%, 11/09/26 (a) | 150,000 | 132,985 |
3.09%, 09/15/27 (a) | 50,000 | 46,285 |
1.85%, 05/01/28 (a) | 150,000 | 129,011 |
3.39%, 05/01/29 (a) | 150,000 | 136,603 |
2.30%, 05/01/31 (a) | 100,000 | 81,876 |
2.25%, 11/09/31 (a) | 100,000 | 80,656 |
Realty Income Corp. | ||
3.88%, 04/15/25 (a) | 150,000 | 145,561 |
0.75%, 03/15/26 (a) | 150,000 | 130,899 |
4.88%, 06/01/26 (a) | 100,000 | 99,075 |
4.13%, 10/15/26 (a) | 100,000 | 96,440 |
3.00%, 01/15/27 (a) | 180,000 | 166,392 |
3.95%, 08/15/27 (a) | 150,000 | 142,902 |
3.40%, 01/15/28 (a) | 100,000 | 92,735 |
2.20%, 06/15/28 (a) | 100,000 | 86,509 |
3.10%, 12/15/29 (a) | 100,000 | 88,043 |
3.25%, 01/15/31 (a) | 200,000 | 174,458 |
5.63%, 10/13/32 (a) | 150,000 | 153,121 |
2.85%, 12/15/32 (a) | 150,000 | 122,822 |
1.80%, 03/15/33 (a) | 100,000 | 73,180 |
4.65%, 03/15/47 (a) | 150,000 | 136,960 |
Regency Centers LP | ||
4.13%, 03/15/28 (a) | 150,000 | 139,513 |
3.70%, 06/15/30 (a) | 100,000 | 88,605 |
4.40%, 02/01/47 (a) | 100,000 | 80,662 |
4.65%, 03/15/49 (a) | 75,000 | 62,230 |
Retail Properties of America, Inc. | ||
4.75%, 09/15/30 (a) | 100,000 | 89,913 |
Rexford Industrial Realty LP | ||
2.15%, 09/01/31 (a) | 150,000 | 116,079 |
Sabra Health Care LP | ||
3.90%, 10/15/29 (a) | 150,000 | 125,076 |
3.20%, 12/01/31 (a) | 150,000 | 111,420 |
Safehold Operating Partnership LP | ||
2.85%, 01/15/32 (a) | 100,000 | 77,285 |
Simon Property Group LP | ||
2.00%, 09/13/24 (a) | 250,000 | 238,177 |
3.38%, 10/01/24 (a) | 200,000 | 193,912 |
3.50%, 09/01/25 (a) | 250,000 | 240,080 |
3.30%, 01/15/26 (a) | 100,000 | 94,955 |
3.25%, 11/30/26 (a) | 250,000 | 233,737 |
3.38%, 12/01/27 (a) | 150,000 | 138,883 |
2.45%, 09/13/29 (a) | 250,000 | 209,845 |
2.65%, 07/15/30 (a) | 150,000 | 126,168 |
2.20%, 02/01/31 (a) | 150,000 | 119,978 |
2.25%, 01/15/32 (a) | 200,000 | 156,264 |
2.65%, 02/01/32 (a) | 100,000 | 80,988 |
6.75%, 02/01/40 (a) | 100,000 | 111,523 |
4.25%, 11/30/46 (a) | 150,000 | 122,603 |
3.25%, 09/13/49 (a) | 150,000 | 103,710 |
3.80%, 07/15/50 (a) | 250,000 | 188,205 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 150,000 | 143,157 |
4.70%, 06/01/27 (a) | 100,000 | 93,841 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 100,000 | 95,706 |
2.10%, 03/15/28 (a) | 100,000 | 83,066 |
3.40%, 01/15/30 (a) | 50,000 | 42,346 |
3.20%, 02/15/31 (a) | 150,000 | 122,615 |
2.70%, 02/15/32 (a) | 75,000 | 57,491 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 100,000 | 89,199 |
4.63%, 03/15/29 (a) | 100,000 | 88,234 |
2.70%, 12/01/31 (a) | 100,000 | 73,033 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 100,000 | 84,599 |
2.70%, 07/15/31 (a) | 100,000 | 79,908 |
4.20%, 04/15/32 (a) | 100,000 | 88,815 |
Tanger Properties LP | ||
3.88%, 07/15/27 (a) | 100,000 | 92,149 |
2.75%, 09/01/31 (a) | 100,000 | 74,260 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 150,000 | 138,487 |
3.50%, 01/15/28 (a) | 100,000 | 92,567 |
3.20%, 01/15/30 (a) | 150,000 | 131,742 |
3.00%, 08/15/31 (a) | 100,000 | 84,381 |
2.10%, 08/01/32 (a) | 150,000 | 113,643 |
1.90%, 03/15/33 (a) | 150,000 | 109,044 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 100,000 | 97,339 |
2.65%, 01/15/25 (a) | 100,000 | 94,623 |
3.50%, 02/01/25 (a) | 150,000 | 144,039 |
3.25%, 10/15/26 (a) | 100,000 | 92,380 |
3.85%, 04/01/27 (a) | 150,000 | 141,996 |
4.00%, 03/01/28 (a) | 100,000 | 92,850 |
4.40%, 01/15/29 (a) | 250,000 | 233,050 |
4.75%, 11/15/30 (a) | 100,000 | 94,481 |
5.70%, 09/30/43 (a) | 100,000 | 94,655 |
4.38%, 02/01/45 (a) | 100,000 | 80,370 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 150,000 | 142,759 |
2.15%, 06/01/26 (a) | 100,000 | 86,260 |
Welltower, Inc. | ||
4.00%, 06/01/25 (a) | 300,000 | 290,022 |
4.25%, 04/01/26 (a) | 150,000 | 144,921 |
4.25%, 04/15/28 (a) | 100,000 | 94,613 |
4.13%, 03/15/29 (a) | 150,000 | 138,739 |
2.75%, 01/15/31 (a) | 150,000 | 122,634 |
2.75%, 01/15/32 (a) | 100,000 | 79,945 |
3.85%, 06/15/32 (a) | 150,000 | 130,739 |
6.50%, 03/15/41 (a) | 150,000 | 154,932 |
4.95%, 09/01/48 (a) | 100,000 | 85,550 |
WP Carey, Inc. | ||
4.00%, 02/01/25 (a) | 100,000 | 97,703 |
4.25%, 10/01/26 (a) | 150,000 | 144,871 |
2.40%, 02/01/31 (a) | 200,000 | 161,274 |
2.25%, 04/01/33 (a) | 100,000 | 75,373 |
28,660,806 | ||
353,898,962 | ||
Industrial 14.0% | ||
Basic Industry 0.6% | ||
Air Products & Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 250,000 | 228,245 |
2.05%, 05/15/30 (a) | 200,000 | 167,328 |
2.70%, 05/15/40 (a) | 150,000 | 111,126 |
2.80%, 05/15/50 (a) | 200,000 | 138,846 |
Albemarle Corp. | ||
5.45%, 12/01/44 (a) | 50,000 | 46,307 |
5.65%, 06/01/52 (a) | 100,000 | 94,356 |
AngloGold Ashanti Holdings PLC | ||
3.75%, 10/01/30 (a) | 200,000 | 170,784 |
ArcelorMittal S.A. | ||
6.55%, 11/29/27 (a) | 200,000 | 205,192 |
4.25%, 07/16/29 | 100,000 | 93,039 |
6.80%, 11/29/32 (a) | 150,000 | 152,017 |
7.00%, 10/15/39 | 100,000 | 103,289 |
6.75%, 03/01/41 (f) | 50,000 | 49,552 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 100,000 | 99,998 |
5.75%, 05/01/43 | 150,000 | 151,474 |
Barrick PD Australia Finance Pty Ltd. | ||
5.95%, 10/15/39 | 150,000 | 154,780 |
BHP Billiton Finance (USA) Ltd. | ||
6.42%, 03/01/26 | 150,000 | 155,589 |
4.13%, 02/24/42 | 95,000 | 83,180 |
5.00%, 09/30/43 | 450,000 | 437,949 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 150,000 | 135,692 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 100,000 | 97,440 |
5.90%, 07/05/24 | 350,000 | 349,678 |
6.05%, 03/15/25 | 300,000 | 298,992 |
1.40%, 08/05/26 (a) | 100,000 | 85,260 |
6.17%, 07/15/27 (a) | 350,000 | 347,417 |
6.33%, 07/15/29 (a) | 200,000 | 197,032 |
6.38%, 07/15/32 (a) | 100,000 | 97,129 |
Celulosa Arauco y Constitucion S.A. | ||
3.88%, 11/02/27 (a) | 200,000 | 184,068 |
CF Industries, Inc. | ||
5.15%, 03/15/34 | 200,000 | 186,244 |
4.95%, 06/01/43 | 100,000 | 83,967 |
5.38%, 03/15/44 | 150,000 | 132,531 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 200,000 | 196,736 |
4.73%, 11/15/28 (a) | 400,000 | 393,716 |
5.32%, 11/15/38 (a) | 250,000 | 243,125 |
5.42%, 11/15/48 (a) | 400,000 | 383,908 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 150,000 | 145,558 |
4.50%, 12/01/28 (a) | 150,000 | 143,571 |
4.80%, 09/01/42 (a) | 100,000 | 86,958 |
4.65%, 10/15/44 (a) | 100,000 | 83,486 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 150,000 | 138,426 |
1.65%, 02/01/27 (a) | 100,000 | 88,491 |
3.25%, 12/01/27 (a) | 150,000 | 139,731 |
4.80%, 03/24/30 (a) | 200,000 | 197,744 |
1.30%, 01/30/31 (a) | 100,000 | 76,460 |
2.13%, 02/01/32 (a) | 150,000 | 119,828 |
2.13%, 08/15/50 (a) | 100,000 | 57,363 |
2.70%, 12/15/51 (a) | 150,000 | 95,535 |
2.75%, 08/18/55 (a) | 150,000 | 92,598 |
EI du Pont de Nemours & Co. | ||
1.70%, 07/15/25 (a) | 200,000 | 184,560 |
Fibria Overseas Finance Ltd. | ||
5.50%, 01/17/27 | 200,000 | 199,934 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 100,000 | 93,409 |
3.45%, 10/01/29 (a) | 100,000 | 88,504 |
4.50%, 10/01/49 (a) | 100,000 | 81,309 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 150,000 | 147,069 |
4.13%, 03/01/28 (a) | 200,000 | 185,584 |
5.25%, 09/01/29 (a) | 100,000 | 96,685 |
4.63%, 08/01/30 (a) | 200,000 | 186,248 |
5.40%, 11/14/34 (a) | 100,000 | 94,713 |
5.45%, 03/15/43 (a) | 300,000 | 272,187 |
Georgia-Pacific LLC | ||
7.75%, 11/15/29 | 150,000 | 169,951 |
8.88%, 05/15/31 | 100,000 | 123,250 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 100,000 | 91,219 |
2.95%, 06/15/31 (a) | 100,000 | 79,719 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 100,000 | 93,232 |
4.38%, 06/01/47 (a) | 100,000 | 76,128 |
5.00%, 09/26/48 (a) | 150,000 | 124,649 |
International Paper Co. | ||
7.30%, 11/15/39 | 100,000 | 111,831 |
6.00%, 11/15/41 (a) | 100,000 | 101,362 |
4.80%, 06/15/44 (a) | 200,000 | 178,624 |
5.15%, 05/15/46 (a) | 100,000 | 91,956 |
4.40%, 08/15/47 (a) | 100,000 | 85,232 |
4.35%, 08/15/48 (a) | 100,000 | 84,176 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 100,000 | 95,450 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 50,000 | 47,746 |
4.70%, 12/05/25 (a) | 150,000 | 149,952 |
3.20%, 01/30/26 (a) | 150,000 | 144,551 |
1.10%, 08/10/30 (a) | 200,000 | 154,828 |
2.00%, 08/10/50 (a) | 150,000 | 86,051 |
LYB International Finance BV | ||
5.25%, 07/15/43 | 150,000 | 133,856 |
4.88%, 03/15/44 (a) | 150,000 | 127,310 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 150,000 | 140,276 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 200,000 | 179,368 |
2.25%, 10/01/30 (a) | 100,000 | 80,198 |
3.38%, 10/01/40 (a) | 150,000 | 107,772 |
4.20%, 10/15/49 (a) | 100,000 | 75,584 |
4.20%, 05/01/50 (a) | 250,000 | 189,300 |
3.63%, 04/01/51 (a) | 250,000 | 171,845 |
3.80%, 10/01/60 (a) | 100,000 | 66,902 |
LyondellBasell Industries N.V. | ||
4.63%, 02/26/55 (a) | 100,000 | 80,201 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 100,000 | 80,654 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 100,000 | 85,247 |
2.25%, 10/01/30 (a) | 200,000 | 161,306 |
2.60%, 07/15/32 (a) | 200,000 | 159,700 |
5.88%, 04/01/35 | 100,000 | 101,561 |
4.88%, 03/15/42 (a) | 330,000 | 302,217 |
5.45%, 06/09/44 (a) | 100,000 | 96,515 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 250,000 | 232,577 |
3.95%, 05/01/28 (a) | 150,000 | 142,005 |
2.70%, 06/01/30 (a) | 250,000 | 213,620 |
3.13%, 04/01/32 (a) | 100,000 | 85,368 |
6.40%, 12/01/37 | 50,000 | 55,013 |
3.85%, 04/01/52 (a) | 100,000 | 78,760 |
2.98%, 12/15/55 (a) | 200,000 | 131,280 |
Nutrien Ltd. | ||
5.90%, 11/07/24 | 100,000 | 100,555 |
5.95%, 11/07/25 | 150,000 | 152,325 |
4.00%, 12/15/26 (a) | 100,000 | 96,179 |
4.20%, 04/01/29 (a) | 100,000 | 94,492 |
5.88%, 12/01/36 | 50,000 | 50,417 |
5.63%, 12/01/40 | 100,000 | 97,381 |
6.13%, 01/15/41 (a) | 145,000 | 149,114 |
4.90%, 06/01/43 (a) | 100,000 | 89,854 |
5.25%, 01/15/45 (a) | 50,000 | 46,392 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.00%, 04/01/49 (a) | 100,000 | 90,256 |
3.95%, 05/13/50 (a) | 150,000 | 114,729 |
Packaging Corp. of America | ||
3.40%, 12/15/27 (a) | 100,000 | 92,598 |
3.00%, 12/15/29 (a) | 150,000 | 129,336 |
4.05%, 12/15/49 (a) | 100,000 | 79,208 |
3.05%, 10/01/51 (a) | 150,000 | 98,331 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 100,000 | 95,989 |
1.20%, 03/15/26 (a) | 100,000 | 88,555 |
2.80%, 08/15/29 (a) | 100,000 | 86,359 |
2.55%, 06/15/30 (a) | 200,000 | 167,926 |
Reliance Steel & Aluminum Co. | ||
2.15%, 08/15/30 (a) | 200,000 | 161,230 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 100,000 | 113,976 |
Rio Tinto Finance (USA) Ltd. | ||
7.13%, 07/15/28 | 100,000 | 109,977 |
5.20%, 11/02/40 | 250,000 | 249,717 |
2.75%, 11/02/51 (a) | 250,000 | 165,345 |
Rio Tinto Finance (USA) PLC | ||
4.75%, 03/22/42 (a) | 100,000 | 94,399 |
4.13%, 08/21/42 (a) | 200,000 | 174,004 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 150,000 | 140,559 |
4.55%, 03/01/29 (a) | 100,000 | 92,967 |
4.25%, 01/15/48 (a) | 100,000 | 75,953 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 96,873 |
7.50%, 07/27/35 | 150,000 | 171,054 |
6.75%, 04/16/40 | 200,000 | 219,864 |
5.25%, 11/08/42 | 250,000 | 236,172 |
5.88%, 04/23/45 | 250,000 | 253,682 |
Steel Dynamics, Inc. | ||
2.80%, 12/15/24 (a) | 100,000 | 95,375 |
2.40%, 06/15/25 (a) | 100,000 | 93,346 |
5.00%, 12/15/26 (a) | 100,000 | 98,409 |
1.65%, 10/15/27 (a) | 100,000 | 84,470 |
3.45%, 04/15/30 (a) | 100,000 | 88,924 |
3.25%, 10/15/50 (a) | 150,000 | 101,139 |
Suzano Austria GmbH | ||
2.50%, 09/15/28 (a) | 100,000 | 84,119 |
6.00%, 01/15/29 (a) | 200,000 | 197,120 |
5.00%, 01/15/30 (a) | 200,000 | 184,262 |
3.75%, 01/15/31 (a) | 250,000 | 211,957 |
3.13%, 01/15/32 (a) | 200,000 | 158,180 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 200,000 | 179,236 |
6.00%, 08/15/40 (a) | 95,000 | 92,978 |
5.20%, 03/01/42 (a) | 100,000 | 89,251 |
5.40%, 02/01/43 (a) | 100,000 | 91,207 |
The Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 100,000 | 98,182 |
7.38%, 11/01/29 | 174,000 | 193,384 |
2.10%, 11/15/30 (a) | 250,000 | 202,145 |
6.30%, 03/15/33 (a) | 100,000 | 105,975 |
4.25%, 10/01/34 (a) | 50,000 | 44,637 |
9.40%, 05/15/39 | 100,000 | 133,163 |
5.25%, 11/15/41 (a) | 100,000 | 94,185 |
4.38%, 11/15/42 (a) | 250,000 | 210,732 |
4.63%, 10/01/44 (a) | 100,000 | 86,275 |
5.55%, 11/30/48 (a) | 150,000 | 143,295 |
4.80%, 05/15/49 (a) | 150,000 | 128,408 |
3.60%, 11/15/50 (a) | 250,000 | 180,677 |
6.90%, 05/15/53 (a) | 150,000 | 167,781 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The Mosaic Co. | ||
4.05%, 11/15/27 (a) | 250,000 | 236,985 |
4.88%, 11/15/41 (a) | 100,000 | 87,831 |
5.63%, 11/15/43 (a) | 100,000 | 95,188 |
The Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 100,000 | 97,218 |
3.45%, 08/01/25 (a) | 200,000 | 191,830 |
4.25%, 08/08/25 | 100,000 | 97,500 |
3.45%, 06/01/27 (a) | 250,000 | 234,500 |
2.95%, 08/15/29 (a) | 200,000 | 173,560 |
2.30%, 05/15/30 (a) | 100,000 | 82,341 |
2.20%, 03/15/32 (a) | 150,000 | 117,465 |
4.00%, 12/15/42 (a) | 100,000 | 79,864 |
4.50%, 06/01/47 (a) | 200,000 | 168,138 |
3.80%, 08/15/49 (a) | 100,000 | 75,185 |
3.30%, 05/15/50 (a) | 100,000 | 68,417 |
2.90%, 03/15/52 (a) | 100,000 | 61,804 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 250,000 | 255,415 |
3.75%, 07/08/30 (a) | 200,000 | 174,068 |
6.88%, 11/21/36 | 350,000 | 359,229 |
6.88%, 11/10/39 | 200,000 | 204,830 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 100,000 | 94,172 |
3.38%, 06/15/30 (a) | 100,000 | 86,803 |
5.00%, 08/15/46 (a) | 100,000 | 84,495 |
4.38%, 11/15/47 (a) | 100,000 | 78,637 |
3.13%, 08/15/51 (a) | 125,000 | 77,426 |
3.38%, 08/15/61 (a) | 100,000 | 60,907 |
WestRock MWV LLC | ||
7.95%, 02/15/31 | 150,000 | 170,775 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 100,000 | 106,689 |
4.00%, 11/15/29 (a) | 150,000 | 136,820 |
4.00%, 04/15/30 (a) | 150,000 | 136,380 |
7.38%, 03/15/32 | 100,000 | 111,412 |
3.38%, 03/09/33 (a) | 100,000 | 84,238 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 100,000 | 96,942 |
4.65%, 03/15/26 (a) | 250,000 | 245,147 |
4.00%, 03/15/28 (a) | 150,000 | 140,322 |
3.90%, 06/01/28 (a) | 100,000 | 92,933 |
4.90%, 03/15/29 (a) | 100,000 | 95,957 |
3.00%, 06/15/33 (a) | 250,000 | 201,787 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(c) | 50,000 | 38,428 |
27,436,497 | ||
Capital Goods 1.3% | ||
3M Co. | ||
2.00%, 02/14/25 (a) | 150,000 | 141,037 |
2.65%, 04/15/25 (a) | 150,000 | 142,318 |
3.00%, 08/07/25 | 100,000 | 95,078 |
2.88%, 10/15/27 (a) | 100,000 | 91,046 |
3.63%, 09/14/28 (a) | 150,000 | 139,401 |
3.38%, 03/01/29 (a) | 200,000 | 181,044 |
3.05%, 04/15/30 (a) | 200,000 | 175,162 |
3.88%, 06/15/44 | 100,000 | 79,850 |
3.13%, 09/19/46 (a) | 100,000 | 69,181 |
3.63%, 10/15/47 (a) | 150,000 | 113,343 |
4.00%, 09/14/48 (a) | 150,000 | 120,584 |
3.25%, 08/26/49 (a) | 200,000 | 139,732 |
3.70%, 04/15/50 (a) | 100,000 | 77,519 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 200,000 | 193,148 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 100,000 | 78,449 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 100,000 | 87,316 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 150,000 | 144,480 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 150,000 | 141,934 |
4.50%, 05/15/28 (a) | 100,000 | 96,076 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 100,000 | 82,930 |
2.69%, 05/25/31 (a) | 150,000 | 121,761 |
Amphenol Corp. | ||
3.20%, 04/01/24 (a) | 100,000 | 97,638 |
2.05%, 03/01/25 (a) | 100,000 | 94,004 |
2.80%, 02/15/30 (a) | 150,000 | 129,494 |
2.20%, 09/15/31 (a) | 200,000 | 159,418 |
AptarGroup, Inc. | ||
3.60%, 03/15/32 (a) | 100,000 | 84,720 |
Avery Dennison Corp. | ||
0.85%, 08/15/24 (a) | 100,000 | 93,771 |
2.65%, 04/30/30 (a) | 100,000 | 83,123 |
2.25%, 02/15/32 (a) | 100,000 | 77,339 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 350,000 | 312,319 |
Carlisle Cos., Inc. | ||
3.75%, 12/01/27 (a) | 150,000 | 140,590 |
2.75%, 03/01/30 (a) | 150,000 | 125,324 |
2.20%, 03/01/32 (a) | 100,000 | 75,935 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 225,000 | 211,462 |
2.49%, 02/15/27 (a) | 56,000 | 50,518 |
2.72%, 02/15/30 (a) | 400,000 | 337,604 |
2.70%, 02/15/31 (a)(c) | 150,000 | 124,173 |
3.38%, 04/05/40 (a) | 300,000 | 225,240 |
3.58%, 04/05/50 (a)(c) | 325,000 | 234,572 |
Caterpillar Financial Services Corp. | ||
2.85%, 05/17/24 | 100,000 | 97,204 |
3.30%, 06/09/24 | 200,000 | 195,194 |
0.60%, 09/13/24 | 150,000 | 140,059 |
2.15%, 11/08/24 | 150,000 | 143,070 |
3.25%, 12/01/24 | 100,000 | 97,108 |
4.90%, 01/17/25 | 150,000 | 149,544 |
3.40%, 05/13/25 | 200,000 | 193,134 |
1.45%, 05/15/25 | 300,000 | 277,473 |
0.80%, 11/13/25 | 200,000 | 179,320 |
2.40%, 08/09/26 | 162,000 | 149,087 |
1.15%, 09/14/26 | 250,000 | 219,837 |
3.60%, 08/12/27 | 150,000 | 143,362 |
1.10%, 09/14/27 | 250,000 | 213,892 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 135,000 | 132,307 |
2.60%, 09/19/29 (a) | 100,000 | 87,251 |
2.60%, 04/09/30 (a) | 200,000 | 174,434 |
1.90%, 03/12/31 (a) | 200,000 | 161,906 |
5.20%, 05/27/41 | 150,000 | 153,471 |
3.80%, 08/15/42 | 350,000 | 298,228 |
4.30%, 05/15/44 (a) | 100,000 | 92,340 |
3.25%, 09/19/49 (a) | 100,000 | 76,464 |
3.25%, 04/09/50 (a) | 250,000 | 191,842 |
4.75%, 05/15/64 (a) | 100,000 | 94,668 |
CNH Industrial Capital LLC | ||
1.88%, 01/15/26 (a) | 250,000 | 227,765 |
CNH Industrial N.V. | ||
3.85%, 11/15/27 (a) | 100,000 | 94,798 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Crane Holdings Co. | ||
4.20%, 03/15/48 (a) | 100,000 | 73,482 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 150,000 | 143,140 |
5.38%, 10/16/29 | 112,000 | 116,411 |
3.10%, 04/15/30 (a) | 150,000 | 134,234 |
3.90%, 06/09/42 (a) | 300,000 | 265,383 |
2.88%, 09/07/49 (a) | 100,000 | 72,599 |
3.75%, 04/15/50 (a) | 150,000 | 127,913 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 150,000 | 142,339 |
5.38%, 03/01/41 (a) | 100,000 | 98,285 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 150,000 | 117,525 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 150,000 | 138,713 |
4.00%, 11/02/32 | 96,000 | 88,056 |
4.15%, 03/15/33 (a) | 200,000 | 184,394 |
4.15%, 11/02/42 | 150,000 | 128,054 |
3.92%, 09/15/47 (a) | 100,000 | 82,042 |
4.70%, 08/23/52 (a) | 100,000 | 91,084 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 150,000 | 129,696 |
1.80%, 10/15/27 (a) | 150,000 | 130,971 |
2.00%, 12/21/28 (a) | 200,000 | 171,084 |
2.20%, 12/21/31 (a) | 200,000 | 160,544 |
5.25%, 11/15/39 | 100,000 | 100,214 |
2.75%, 10/15/50 (a) | 100,000 | 64,632 |
2.80%, 12/21/51 (a) | 200,000 | 128,830 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 250,000 | 212,660 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 150,000 | 140,155 |
4.30%, 06/15/46 (a) | 80,000 | 62,921 |
Fortune Brands Innovations, Inc. | ||
3.25%, 09/15/29 (a) | 200,000 | 170,598 |
4.50%, 03/25/52 (a) | 100,000 | 75,381 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 250,000 | 238,162 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 100,000 | 95,422 |
4.42%, 11/15/35 | 200,000 | 185,058 |
General Dynamics Corp. | ||
2.38%, 11/15/24 (a) | 250,000 | 238,440 |
3.25%, 04/01/25 (a) | 100,000 | 96,340 |
3.50%, 05/15/25 (a) | 100,000 | 96,804 |
1.15%, 06/01/26 (a) | 100,000 | 88,566 |
3.50%, 04/01/27 (a) | 100,000 | 94,941 |
3.75%, 05/15/28 (a) | 300,000 | 285,513 |
3.63%, 04/01/30 (a) | 150,000 | 139,873 |
2.25%, 06/01/31 (a) | 100,000 | 83,411 |
4.25%, 04/01/40 (a) | 100,000 | 90,987 |
2.85%, 06/01/41 (a) | 100,000 | 75,231 |
3.60%, 11/15/42 (a) | 150,000 | 124,401 |
4.25%, 04/01/50 (a) | 50,000 | 44,720 |
General Electric Co. | ||
6.75%, 03/15/32 | 200,000 | 222,344 |
5.88%, 01/14/38 | 100,000 | 103,934 |
6.88%, 01/10/39 | 100,000 | 113,460 |
4.35%, 05/01/50 (a) | 150,000 | 127,317 |
Honeywell International, Inc. | ||
2.30%, 08/15/24 (a) | 200,000 | 192,078 |
1.35%, 06/01/25 (a) | 300,000 | 277,248 |
2.50%, 11/01/26 (a) | 300,000 | 277,311 |
1.10%, 03/01/27 (a) | 200,000 | 174,084 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.70%, 08/15/29 (a) | 150,000 | 132,135 |
1.95%, 06/01/30 (a) | 200,000 | 165,344 |
1.75%, 09/01/31 (a) | 150,000 | 118,836 |
5.00%, 02/15/33 (a) | 325,000 | 329,176 |
5.70%, 03/15/37 | 100,000 | 105,655 |
3.81%, 11/21/47 (a) | 150,000 | 125,732 |
2.80%, 06/01/50 (a) | 150,000 | 108,398 |
Hubbell, Inc. | ||
3.50%, 02/15/28 (a) | 100,000 | 92,695 |
2.30%, 03/15/31 (a) | 100,000 | 81,158 |
Huntington Ingalls Industries, Inc. | ||
3.84%, 05/01/25 (a) | 200,000 | 193,132 |
3.48%, 12/01/27 (a) | 100,000 | 91,559 |
4.20%, 05/01/30 (a) | 100,000 | 91,488 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 200,000 | 172,428 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 150,000 | 147,960 |
2.65%, 11/15/26 (a) | 200,000 | 185,334 |
3.90%, 09/01/42 (a) | 300,000 | 259,485 |
John Deere Capital Corp. | ||
2.60%, 03/07/24 | 150,000 | 146,274 |
0.45%, 06/07/24 | 250,000 | 235,587 |
3.35%, 06/12/24 | 100,000 | 97,758 |
4.55%, 10/11/24 | 150,000 | 149,016 |
2.05%, 01/09/25 | 100,000 | 94,792 |
2.13%, 03/07/25 | 200,000 | 188,840 |
3.45%, 03/13/25 | 200,000 | 193,846 |
3.40%, 06/06/25 | 50,000 | 48,278 |
4.80%, 01/09/26 | 200,000 | 199,274 |
0.70%, 01/15/26 | 100,000 | 88,748 |
2.65%, 06/10/26 | 200,000 | 186,270 |
1.05%, 06/17/26 | 250,000 | 221,035 |
1.30%, 10/13/26 | 100,000 | 87,921 |
1.70%, 01/11/27 | 200,000 | 178,458 |
1.75%, 03/09/27 | 200,000 | 178,568 |
4.15%, 09/15/27 | 200,000 | 194,622 |
3.05%, 01/06/28 | 50,000 | 46,992 |
1.50%, 03/06/28 | 150,000 | 128,480 |
3.45%, 03/07/29 | 100,000 | 92,779 |
2.80%, 07/18/29 | 150,000 | 133,175 |
2.45%, 01/09/30 | 100,000 | 86,196 |
1.45%, 01/15/31 | 200,000 | 157,380 |
2.00%, 06/17/31 | 100,000 | 80,827 |
4.35%, 09/15/32 | 250,000 | 241,130 |
Johnson Controls International PLC | ||
3.63%, 07/02/24 (a)(g) | 195,000 | 190,753 |
6.00%, 01/15/36 | 100,000 | 103,623 |
4.63%, 07/02/44 (a) | 95,000 | 83,681 |
5.13%, 09/14/45 (a) | 69,000 | 64,285 |
4.95%, 07/02/64 (a)(g) | 100,000 | 87,447 |
Johnson Controls International PLC/Tyco Fire & Security Finance SCA | ||
1.75%, 09/15/30 (a) | 150,000 | 119,919 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 100,000 | 94,372 |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 150,000 | 145,075 |
4.40%, 06/15/28 (a) | 300,000 | 289,251 |
2.90%, 12/15/29 (a) | 150,000 | 129,279 |
1.80%, 01/15/31 (a) | 200,000 | 156,206 |
6.15%, 12/15/40 | 95,000 | 99,780 |
5.05%, 04/27/45 (a) | 100,000 | 92,840 |
Leggett & Platt, Inc. | ||
3.80%, 11/15/24 (a) | 100,000 | 97,236 |
3.50%, 11/15/27 (a) | 100,000 | 92,128 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.40%, 03/15/29 (a) | 100,000 | 93,931 |
3.50%, 11/15/51 (a) | 100,000 | 71,114 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 90,969 |
1.70%, 08/01/27 (a) | 150,000 | 128,406 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 225,000 | 217,501 |
5.10%, 11/15/27 (a) | 150,000 | 152,043 |
3.90%, 06/15/32 (a) | 200,000 | 185,740 |
5.25%, 01/15/33 (a) | 150,000 | 153,901 |
3.60%, 03/01/35 (a) | 100,000 | 88,381 |
4.50%, 05/15/36 (a) | 150,000 | 143,311 |
6.15%, 09/01/36 | 100,000 | 109,360 |
5.72%, 06/01/40 | 100,000 | 106,495 |
4.07%, 12/15/42 | 200,000 | 175,122 |
3.80%, 03/01/45 (a) | 150,000 | 124,293 |
4.70%, 05/15/46 (a) | 250,000 | 236,895 |
2.80%, 06/15/50 (a) | 150,000 | 103,602 |
4.09%, 09/15/52 (a) | 188,000 | 161,838 |
4.15%, 06/15/53 (a) | 150,000 | 129,159 |
5.70%, 11/15/54 (a) | 150,000 | 162,724 |
4.30%, 06/15/62 (a) | 150,000 | 130,367 |
5.90%, 11/15/63 (a) | 150,000 | 166,269 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 100,000 | 98,549 |
3.45%, 06/01/27 (a) | 50,000 | 46,637 |
3.50%, 12/15/27 (a) | 50,000 | 46,912 |
2.50%, 03/15/30 (a) | 100,000 | 82,876 |
2.40%, 07/15/31 (a) | 200,000 | 159,666 |
4.25%, 12/15/47 (a) | 100,000 | 82,742 |
3.20%, 07/15/51 (a) | 150,000 | 101,918 |
Masco Corp. | ||
2.00%, 10/01/30 (a) | 250,000 | 195,200 |
2.00%, 02/15/31 (a) | 125,000 | 96,821 |
4.50%, 05/15/47 (a) | 100,000 | 81,444 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 160,000 | 139,790 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 350,000 | 335,212 |
3.20%, 02/01/27 (a) | 100,000 | 94,083 |
3.25%, 01/15/28 (a) | 400,000 | 369,684 |
4.40%, 05/01/30 (a) | 150,000 | 143,334 |
4.70%, 03/15/33 (a) | 150,000 | 144,729 |
5.15%, 05/01/40 (a) | 100,000 | 97,217 |
5.05%, 11/15/40 | 100,000 | 96,142 |
4.75%, 06/01/43 | 150,000 | 137,667 |
4.03%, 10/15/47 (a) | 400,000 | 331,504 |
5.25%, 05/01/50 (a) | 200,000 | 197,832 |
4.95%, 03/15/53 (a) | 150,000 | 141,508 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 150,000 | 139,284 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 100,000 | 86,345 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 200,000 | 186,756 |
2.29%, 04/05/27 (a) | 100,000 | 89,893 |
2.57%, 02/15/30 (a) | 250,000 | 210,862 |
3.11%, 02/15/40 (a) | 225,000 | 168,061 |
3.36%, 02/15/50 (a) | 125,000 | 88,798 |
Owens Corning | ||
4.20%, 12/01/24 (a) | 150,000 | 146,946 |
3.95%, 08/15/29 (a) | 200,000 | 183,714 |
3.88%, 06/01/30 (a) | 100,000 | 90,742 |
4.30%, 07/15/47 (a) | 100,000 | 79,935 |
4.40%, 01/30/48 (a) | 100,000 | 81,109 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 100,000 | 96,518 |
3.65%, 06/15/24 | 250,000 | 244,605 |
3.30%, 11/21/24 (a) | 100,000 | 96,763 |
3.25%, 03/01/27 (a) | 150,000 | 139,766 |
4.25%, 09/15/27 (a) | 200,000 | 191,566 |
3.25%, 06/14/29 (a) | 150,000 | 133,688 |
4.50%, 09/15/29 (a) | 200,000 | 191,392 |
4.20%, 11/21/34 (a) | 150,000 | 136,475 |
6.25%, 05/15/38 | 50,000 | 53,044 |
4.45%, 11/21/44 (a) | 100,000 | 88,298 |
4.10%, 03/01/47 (a) | 100,000 | 83,352 |
4.00%, 06/14/49 (a) | 100,000 | 80,863 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 75,000 | 68,944 |
5.90%, 07/15/32 (a) | 50,000 | 50,164 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 100,000 | 96,262 |
3.90%, 01/15/43 (a) | 100,000 | 85,031 |
4.38%, 06/15/45 (a) | 100,000 | 89,952 |
Raytheon Technologies Corp. | ||
3.20%, 03/15/24 (a) | 200,000 | 195,938 |
3.95%, 08/16/25 (a) | 250,000 | 242,995 |
2.65%, 11/01/26 (a) | 150,000 | 138,231 |
3.50%, 03/15/27 (a) | 250,000 | 236,905 |
3.13%, 05/04/27 (a) | 200,000 | 185,518 |
4.13%, 11/16/28 (a) | 600,000 | 571,518 |
7.50%, 09/15/29 | 100,000 | 113,815 |
2.25%, 07/01/30 (a) | 150,000 | 124,361 |
1.90%, 09/01/31 (a) | 200,000 | 156,400 |
2.38%, 03/15/32 (a) | 200,000 | 161,346 |
6.05%, 06/01/36 | 100,000 | 105,618 |
6.13%, 07/15/38 | 100,000 | 106,807 |
4.45%, 11/16/38 (a) | 200,000 | 181,130 |
5.70%, 04/15/40 | 100,000 | 102,937 |
4.88%, 10/15/40 (c) | 50,000 | 46,853 |
4.70%, 12/15/41 | 100,000 | 92,132 |
4.50%, 06/01/42 | 500,000 | 450,000 |
4.80%, 12/15/43 (a) | 50,000 | 45,823 |
4.15%, 05/15/45 (a) | 100,000 | 83,638 |
3.75%, 11/01/46 (a) | 150,000 | 118,296 |
4.35%, 04/15/47 (a) | 150,000 | 130,457 |
4.05%, 05/04/47 (a) | 100,000 | 83,150 |
4.63%, 11/16/48 (a) | 350,000 | 318,276 |
3.13%, 07/01/50 (a) | 200,000 | 141,274 |
2.82%, 09/01/51 (a) | 200,000 | 131,566 |
3.03%, 03/15/52 (a) | 200,000 | 138,320 |
Regal Rexnord Corp. | ||
6.05%, 04/15/28 (a)(c) | 200,000 | 195,550 |
6.30%, 02/15/30 (a)(c) | 200,000 | 196,208 |
6.40%, 04/15/33 (a)(c) | 250,000 | 245,037 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 100,000 | 96,030 |
0.88%, 11/15/25 (a) | 200,000 | 177,656 |
2.90%, 07/01/26 (a) | 200,000 | 186,020 |
3.38%, 11/15/27 (a) | 150,000 | 139,007 |
3.95%, 05/15/28 (a) | 100,000 | 94,732 |
2.30%, 03/01/30 (a) | 200,000 | 167,660 |
1.45%, 02/15/31 (a) | 250,000 | 191,800 |
3.05%, 03/01/50 (a) | 100,000 | 70,099 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 100,000 | 92,881 |
1.75%, 08/15/31 (a) | 100,000 | 78,821 |
4.20%, 03/01/49 (a) | 100,000 | 88,126 |
2.80%, 08/15/61 (a) | 100,000 | 62,070 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Roper Technologies, Inc. | ||
1.00%, 09/15/25 (a) | 150,000 | 135,153 |
3.85%, 12/15/25 (a) | 100,000 | 96,542 |
3.80%, 12/15/26 (a) | 150,000 | 142,878 |
1.40%, 09/15/27 (a) | 250,000 | 212,092 |
2.95%, 09/15/29 (a) | 100,000 | 86,976 |
2.00%, 06/30/30 (a) | 150,000 | 120,932 |
1.75%, 02/15/31 (a) | 250,000 | 192,957 |
Snap-on, Inc. | ||
4.10%, 03/01/48 (a) | 100,000 | 86,513 |
3.10%, 05/01/50 (a) | 100,000 | 73,782 |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 200,000 | 172,370 |
5.75%, 11/01/40 (a) | 150,000 | 151,429 |
Stanley Black & Decker, Inc. | ||
4.25%, 11/15/28 (a) | 250,000 | 236,107 |
2.30%, 03/15/30 (a) | 200,000 | 162,666 |
5.20%, 09/01/40 | 100,000 | 94,039 |
4.85%, 11/15/48 (a) | 150,000 | 129,617 |
2.75%, 11/15/50 (a) | 100,000 | 60,186 |
4.00%, 03/15/60 (a)(b) | 100,000 | 86,355 |
Teledyne Technologies, Inc. | ||
2.25%, 04/01/28 (a) | 500,000 | 433,035 |
Textron, Inc. | ||
4.00%, 03/15/26 (a) | 100,000 | 96,923 |
3.38%, 03/01/28 (a) | 100,000 | 91,039 |
3.00%, 06/01/30 (a) | 100,000 | 86,894 |
2.45%, 03/15/31 (a) | 250,000 | 204,875 |
The Boeing Co. | ||
2.80%, 03/01/24 (a) | 50,000 | 48,661 |
4.88%, 05/01/25 (a) | 600,000 | 591,750 |
2.60%, 10/30/25 (a) | 50,000 | 46,457 |
2.75%, 02/01/26 (a) | 250,000 | 231,827 |
2.20%, 02/04/26 (a) | 950,000 | 862,923 |
3.10%, 05/01/26 (a) | 150,000 | 139,656 |
2.25%, 06/15/26 (a) | 50,000 | 45,128 |
2.70%, 02/01/27 (a) | 200,000 | 181,472 |
2.80%, 03/01/27 (a) | 100,000 | 90,985 |
5.04%, 05/01/27 (a) | 300,000 | 295,572 |
3.25%, 02/01/28 (a) | 250,000 | 226,445 |
3.45%, 11/01/28 (a) | 150,000 | 135,894 |
3.20%, 03/01/29 (a) | 150,000 | 132,108 |
2.95%, 02/01/30 (a) | 150,000 | 128,006 |
5.15%, 05/01/30 (a) | 800,000 | 776,128 |
3.63%, 02/01/31 (a) | 250,000 | 219,292 |
3.60%, 05/01/34 (a) | 100,000 | 81,097 |
3.25%, 02/01/35 (a) | 150,000 | 116,259 |
6.63%, 02/15/38 | 100,000 | 104,869 |
3.55%, 03/01/38 (a) | 100,000 | 75,729 |
3.50%, 03/01/39 (a) | 150,000 | 111,483 |
6.88%, 03/15/39 | 80,000 | 86,310 |
5.88%, 02/15/40 | 100,000 | 97,733 |
5.71%, 05/01/40 (a) | 550,000 | 527,312 |
3.65%, 03/01/47 (a) | 50,000 | 34,789 |
3.63%, 03/01/48 (a) | 50,000 | 34,272 |
3.85%, 11/01/48 (a) | 100,000 | 71,538 |
3.90%, 05/01/49 (a) | 100,000 | 72,216 |
3.75%, 02/01/50 (a) | 175,000 | 124,079 |
5.81%, 05/01/50 (a) | 800,000 | 763,432 |
3.83%, 03/01/59 (a) | 100,000 | 67,731 |
3.95%, 08/01/59 (a) | 150,000 | 104,214 |
5.93%, 05/01/60 (a) | 600,000 | 566,580 |
The Timken Co. | ||
4.50%, 12/15/28 (a) | 100,000 | 94,881 |
4.13%, 04/01/32 (a) | 100,000 | 90,417 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Trane Technologies Financing Ltd. | ||
5.25%, 03/03/33 (a) | 100,000 | 99,465 |
Trane Technologies Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 100,000 | 94,315 |
5.75%, 06/15/43 | 100,000 | 101,098 |
4.30%, 02/21/48 (a) | 150,000 | 123,042 |
Trane Technologies Luxembourg Finance S.A. | ||
3.55%, 11/01/24 (a) | 150,000 | 145,702 |
3.50%, 03/21/26 (a) | 50,000 | 47,525 |
3.80%, 03/21/29 (a) | 100,000 | 92,276 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 100,000 | 87,248 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 200,000 | 174,980 |
2.95%, 04/01/31 (a) | 100,000 | 76,470 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 250,000 | 238,820 |
3.50%, 06/01/30 (a) | 50,000 | 44,357 |
4.50%, 06/15/47 (a) | 150,000 | 128,891 |
4.70%, 03/01/48 (a) | 100,000 | 88,183 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 100,000 | 95,747 |
3.50%, 05/01/29 (a) | 100,000 | 90,716 |
2.60%, 02/01/30 (a) | 150,000 | 127,866 |
3.20%, 06/01/32 (a) | 100,000 | 85,575 |
4.20%, 01/15/33 (a) | 50,000 | 46,249 |
3.05%, 04/01/50 (a) | 100,000 | 67,974 |
2.95%, 01/15/52 (a) | 200,000 | 131,582 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 250,000 | 240,162 |
0.75%, 11/15/25 (a) | 100,000 | 89,163 |
3.15%, 11/15/27 (a) | 200,000 | 185,074 |
1.15%, 03/15/28 (a) | 100,000 | 82,821 |
4.15%, 04/15/32 (a) | 200,000 | 187,580 |
4.10%, 03/01/45 (a) | 112,000 | 96,478 |
4.15%, 07/15/49 (a) | 100,000 | 87,836 |
2.50%, 11/15/50 (a) | 250,000 | 156,995 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(f) | 100,000 | 98,547 |
3.20%, 06/15/25 (a) | 100,000 | 94,183 |
3.45%, 11/15/26 (a) | 100,000 | 92,780 |
4.95%, 09/15/28 (a)(f) | 250,000 | 241,502 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 100,000 | 93,825 |
4.60%, 06/15/45 (a) | 100,000 | 92,189 |
4.20%, 05/15/47 (a) | 200,000 | 172,560 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 93,483 |
1.95%, 01/30/28 (a) | 100,000 | 85,926 |
2.25%, 01/30/31 (a) | 150,000 | 121,367 |
55,020,186 | ||
Communications 2.1% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 150,000 | 141,887 |
1.35%, 09/15/30 (a) | 100,000 | 78,101 |
4.50%, 06/15/47 (a) | 100,000 | 88,529 |
2.50%, 09/15/50 (a) | 250,000 | 156,365 |
America Movil, S.A.B. de CV | ||
3.63%, 04/22/29 (a) | 200,000 | 182,154 |
2.88%, 05/07/30 (a) | 200,000 | 171,876 |
4.70%, 07/21/32 (a) | 200,000 | 191,558 |
6.38%, 03/01/35 | 200,000 | 217,654 |
6.13%, 03/30/40 | 230,000 | 243,101 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 07/16/42 | 200,000 | 174,260 |
4.38%, 04/22/49 (a) | 200,000 | 172,272 |
American Tower Corp. | ||
3.38%, 05/15/24 (a) | 100,000 | 97,332 |
2.95%, 01/15/25 (a) | 150,000 | 142,977 |
2.40%, 03/15/25 (a) | 250,000 | 234,750 |
4.00%, 06/01/25 (a) | 150,000 | 145,238 |
4.40%, 02/15/26 (a) | 100,000 | 97,111 |
1.60%, 04/15/26 (a) | 150,000 | 133,580 |
1.45%, 09/15/26 (a) | 50,000 | 43,529 |
3.38%, 10/15/26 (a) | 150,000 | 139,461 |
2.75%, 01/15/27 (a) | 150,000 | 135,537 |
3.13%, 01/15/27 (a) | 130,000 | 119,254 |
3.65%, 03/15/27 (a) | 150,000 | 139,805 |
3.55%, 07/15/27 (a) | 200,000 | 184,940 |
3.60%, 01/15/28 (a) | 100,000 | 91,498 |
1.50%, 01/31/28 (a) | 100,000 | 82,646 |
3.95%, 03/15/29 (a) | 100,000 | 91,384 |
3.80%, 08/15/29 (a) | 250,000 | 225,590 |
2.90%, 01/15/30 (a) | 150,000 | 127,113 |
1.88%, 10/15/30 (a) | 150,000 | 115,673 |
2.30%, 09/15/31 (a) | 200,000 | 155,500 |
4.05%, 03/15/32 (a) | 150,000 | 133,718 |
3.70%, 10/15/49 (a) | 100,000 | 70,035 |
3.10%, 06/15/50 (a) | 200,000 | 124,764 |
2.95%, 01/15/51 (a) | 250,000 | 151,232 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 400,000 | 381,632 |
1.70%, 03/25/26 (a) | 550,000 | 494,620 |
2.95%, 07/15/26 (a) | 100,000 | 93,617 |
3.80%, 02/15/27 (a) | 150,000 | 142,506 |
4.25%, 03/01/27 (a) | 200,000 | 194,050 |
2.30%, 06/01/27 (a) | 500,000 | 445,980 |
1.65%, 02/01/28 (a) | 400,000 | 340,012 |
4.10%, 02/15/28 (a) | 327,000 | 311,847 |
4.35%, 03/01/29 (a) | 600,000 | 569,232 |
4.30%, 02/15/30 (a) | 547,000 | 513,835 |
2.75%, 06/01/31 (a) | 550,000 | 455,081 |
2.25%, 02/01/32 (a) | 450,000 | 351,549 |
2.55%, 12/01/33 (a) | 707,000 | 541,802 |
4.50%, 05/15/35 (a) | 550,000 | 495,038 |
5.25%, 03/01/37 (a) | 150,000 | 144,639 |
4.90%, 08/15/37 (a) | 150,000 | 138,209 |
4.85%, 03/01/39 (a) | 200,000 | 179,856 |
6.00%, 08/15/40 (a) | 50,000 | 51,134 |
5.35%, 09/01/40 | 150,000 | 143,855 |
3.50%, 06/01/41 (a) | 450,000 | 338,481 |
5.15%, 03/15/42 | 50,000 | 46,081 |
4.30%, 12/15/42 (a) | 200,000 | 165,782 |
3.10%, 02/01/43 (a) | 100,000 | 70,191 |
4.65%, 06/01/44 (a) | 100,000 | 85,680 |
4.35%, 06/15/45 (a) | 300,000 | 244,656 |
4.75%, 05/15/46 (a) | 300,000 | 258,186 |
5.15%, 11/15/46 (a) | 150,000 | 137,160 |
5.65%, 02/15/47 (a) | 150,000 | 148,044 |
5.45%, 03/01/47 (a) | 150,000 | 143,517 |
4.50%, 03/09/48 (a) | 350,000 | 288,417 |
4.55%, 03/09/49 (a) | 200,000 | 166,198 |
5.15%, 02/15/50 (a) | 150,000 | 137,540 |
3.65%, 06/01/51 (a) | 500,000 | 358,085 |
3.30%, 02/01/52 (a) | 150,000 | 102,852 |
3.50%, 09/15/53 (a) | 1,135,000 | 780,505 |
3.55%, 09/15/55 (a) | 1,273,000 | 864,138 |
3.80%, 12/01/57 (a) | 1,161,000 | 816,485 |
3.65%, 09/15/59 (a) | 1,174,000 | 795,878 |
3.85%, 06/01/60 (a) | 300,000 | 210,537 |
3.50%, 02/01/61 (a) | 100,000 | 66,203 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 250,000 | 245,815 |
9.63%, 12/15/30 (f) | 450,000 | 544,671 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 800,000 | 782,976 |
3.75%, 02/15/28 (a) | 200,000 | 180,340 |
4.20%, 03/15/28 (a) | 200,000 | 183,856 |
2.25%, 01/15/29 (a) | 200,000 | 160,588 |
5.05%, 03/30/29 (a) | 200,000 | 186,886 |
2.80%, 04/01/31 (a) | 200,000 | 156,536 |
2.30%, 02/01/32 (a) | 200,000 | 147,348 |
4.40%, 04/01/33 (a) | 150,000 | 128,379 |
6.38%, 10/23/35 (a) | 330,000 | 316,562 |
5.38%, 04/01/38 (a) | 150,000 | 125,595 |
3.50%, 06/01/41 (a) | 300,000 | 196,350 |
3.50%, 03/01/42 (a) | 300,000 | 194,202 |
6.48%, 10/23/45 (a) | 650,000 | 589,088 |
5.38%, 05/01/47 (a) | 450,000 | 357,525 |
5.75%, 04/01/48 (a) | 400,000 | 333,344 |
5.13%, 07/01/49 (a) | 200,000 | 154,008 |
4.80%, 03/01/50 (a) | 500,000 | 364,855 |
3.70%, 04/01/51 (a) | 400,000 | 244,788 |
3.90%, 06/01/52 (a) | 400,000 | 252,588 |
5.25%, 04/01/53 (a) | 250,000 | 195,537 |
6.83%, 10/23/55 (a) | 100,000 | 93,721 |
3.85%, 04/01/61 (a) | 300,000 | 176,640 |
4.40%, 12/01/61 (a) | 250,000 | 162,080 |
3.95%, 06/30/62 (a) | 250,000 | 149,168 |
5.50%, 04/01/63 (a) | 200,000 | 155,054 |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 400,000 | 392,964 |
3.38%, 02/15/25 (a) | 200,000 | 193,354 |
3.38%, 08/15/25 (a) | 150,000 | 144,105 |
3.95%, 10/15/25 (a) | 500,000 | 486,155 |
5.25%, 11/07/25 | 150,000 | 150,754 |
3.15%, 03/01/26 (a) | 450,000 | 425,461 |
2.35%, 01/15/27 (a) | 300,000 | 272,007 |
3.30%, 02/01/27 (a) | 300,000 | 281,826 |
3.30%, 04/01/27 (a) | 200,000 | 187,534 |
5.35%, 11/15/27 (a) | 150,000 | 152,247 |
3.15%, 02/15/28 (a) | 350,000 | 321,667 |
3.55%, 05/01/28 (a) | 200,000 | 186,584 |
4.15%, 10/15/28 (a) | 750,000 | 717,705 |
2.65%, 02/01/30 (a) | 300,000 | 258,492 |
3.40%, 04/01/30 (a) | 250,000 | 225,885 |
4.25%, 10/15/30 (a) | 350,000 | 332,909 |
1.95%, 01/15/31 (a) | 300,000 | 240,750 |
1.50%, 02/15/31 (a) | 300,000 | 231,975 |
5.50%, 11/15/32 (a) | 200,000 | 205,716 |
4.25%, 01/15/33 | 250,000 | 233,772 |
7.05%, 03/15/33 | 150,000 | 171,183 |
4.20%, 08/15/34 (a) | 250,000 | 230,015 |
5.65%, 06/15/35 | 100,000 | 103,775 |
4.40%, 08/15/35 (a) | 100,000 | 92,453 |
6.50%, 11/15/35 | 145,000 | 160,960 |
3.20%, 07/15/36 (a) | 100,000 | 80,648 |
6.45%, 03/15/37 | 100,000 | 110,420 |
3.90%, 03/01/38 (a) | 250,000 | 214,855 |
4.60%, 10/15/38 (a) | 200,000 | 184,740 |
6.55%, 07/01/39 | 50,000 | 55,757 |
3.25%, 11/01/39 (a) | 200,000 | 156,038 |
3.75%, 04/01/40 (a) | 275,000 | 226,878 |
4.65%, 07/15/42 | 100,000 | 92,659 |
4.75%, 03/01/44 | 50,000 | 45,878 |
4.60%, 08/15/45 (a) | 100,000 | 88,636 |
3.40%, 07/15/46 (a) | 200,000 | 147,532 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 08/15/47 (a) | 100,000 | 81,155 |
3.97%, 11/01/47 (a) | 400,000 | 323,236 |
4.00%, 03/01/48 (a) | 200,000 | 162,082 |
4.70%, 10/15/48 (a) | 375,000 | 340,260 |
4.00%, 11/01/49 (a) | 400,000 | 322,688 |
3.45%, 02/01/50 (a) | 300,000 | 219,873 |
2.80%, 01/15/51 (a) | 350,000 | 224,014 |
2.89%, 11/01/51 (a) | 794,000 | 514,655 |
2.45%, 08/15/52 (a) | 300,000 | 178,662 |
4.05%, 11/01/52 (a) | 202,000 | 162,497 |
2.94%, 11/01/56 (a) | 1,001,000 | 629,239 |
4.95%, 10/15/58 (a) | 150,000 | 139,494 |
2.65%, 08/15/62 (a) | 200,000 | 115,380 |
2.99%, 11/01/63 (a) | 789,000 | 482,963 |
Crown Castle International Corp. | ||
3.20%, 09/01/24 (a) | 200,000 | 193,308 |
1.35%, 07/15/25 (a) | 200,000 | 181,776 |
4.45%, 02/15/26 (a) | 195,000 | 189,636 |
3.70%, 06/15/26 (a) | 100,000 | 94,703 |
1.05%, 07/15/26 (a) | 150,000 | 129,881 |
3.65%, 09/01/27 (a) | 200,000 | 186,090 |
3.80%, 02/15/28 (a) | 150,000 | 139,512 |
4.30%, 02/15/29 (a) | 100,000 | 94,087 |
3.10%, 11/15/29 (a) | 100,000 | 86,890 |
3.30%, 07/01/30 (a) | 150,000 | 131,009 |
2.25%, 01/15/31 (a) | 200,000 | 160,158 |
2.10%, 04/01/31 (a) | 200,000 | 156,786 |
2.50%, 07/15/31 (a) | 150,000 | 121,175 |
2.90%, 04/01/41 (a) | 250,000 | 170,242 |
4.75%, 05/15/47 (a) | 100,000 | 84,979 |
5.20%, 02/15/49 (a) | 50,000 | 45,816 |
4.15%, 07/01/50 (a) | 50,000 | 38,593 |
3.25%, 01/15/51 (a) | 200,000 | 131,462 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 600,000 | 712,680 |
9.25%, 06/01/32 | 150,000 | 190,435 |
Discovery Communications LLC | ||
3.90%, 11/15/24 (a) | 50,000 | 48,471 |
3.95%, 06/15/25 (a) | 250,000 | 240,340 |
4.90%, 03/11/26 (a) | 100,000 | 97,551 |
3.95%, 03/20/28 (a) | 250,000 | 228,545 |
4.13%, 05/15/29 (a) | 150,000 | 134,553 |
3.63%, 05/15/30 (a) | 150,000 | 128,489 |
5.00%, 09/20/37 (a) | 150,000 | 128,609 |
4.88%, 04/01/43 | 50,000 | 39,568 |
5.20%, 09/20/47 (a) | 260,000 | 207,740 |
5.30%, 05/15/49 (a) | 150,000 | 120,597 |
4.65%, 05/15/50 (a) | 150,000 | 110,079 |
4.00%, 09/15/55 (a) | 357,000 | 230,586 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 100,000 | 78,410 |
2.95%, 02/15/51 (a) | 200,000 | 127,894 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 100,000 | 95,509 |
4.71%, 01/25/29 (a) | 400,000 | 382,180 |
3.50%, 04/08/30 (a) | 100,000 | 88,060 |
5.48%, 01/25/39 (a) | 200,000 | 183,822 |
5.58%, 01/25/49 (a) | 250,000 | 227,947 |
Grupo Televisa S.A.B. | ||
6.63%, 01/15/40 | 200,000 | 207,806 |
5.00%, 05/13/45 (a) | 300,000 | 261,678 |
6.13%, 01/31/46 (a) | 200,000 | 200,776 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 100,000 | 116,991 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Magallanes, Inc. | ||
3.53%, 03/15/24 (a)(c) | 200,000 | 195,412 |
3.64%, 03/15/25 (c) | 500,000 | 476,960 |
3.79%, 03/15/25 (a)(c) | 100,000 | 95,698 |
3.76%, 03/15/27 (a)(c) | 700,000 | 642,509 |
4.05%, 03/15/29 (a)(c) | 250,000 | 223,642 |
4.28%, 03/15/32 (a)(c) | 900,000 | 777,573 |
5.05%, 03/15/42 (a)(c) | 900,000 | 729,414 |
5.14%, 03/15/52 (a)(c) | 1,200,000 | 944,028 |
5.39%, 03/15/62 (a)(c) | 450,000 | 351,081 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 450,000 | 423,306 |
3.85%, 08/15/32 (a) | 500,000 | 449,150 |
4.45%, 08/15/52 (a) | 500,000 | 414,625 |
4.65%, 08/15/62 (a) | 250,000 | 208,052 |
NBCUniversal Media LLC | ||
5.95%, 04/01/41 | 100,000 | 105,255 |
4.45%, 01/15/43 | 130,000 | 114,088 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 100,000 | 83,297 |
4.20%, 06/01/30 (a) | 100,000 | 93,589 |
2.60%, 08/01/31 (a) | 200,000 | 164,538 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 130,000 | 126,268 |
3.60%, 04/15/26 (a) | 250,000 | 238,407 |
Orange S.A. | ||
9.00%, 03/01/31 | 400,000 | 489,844 |
5.38%, 01/13/42 | 150,000 | 148,703 |
5.50%, 02/06/44 (a) | 150,000 | 151,927 |
Paramount Global | ||
3.70%, 06/01/28 (a) | 100,000 | 89,919 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a)(c) | 200,000 | 189,816 |
3.63%, 12/15/25 (a) | 150,000 | 142,611 |
2.90%, 11/15/26 (a) | 150,000 | 137,213 |
3.20%, 03/15/27 (a)(c) | 250,000 | 230,135 |
3.80%, 03/15/32 (a)(c) | 200,000 | 174,822 |
7.50%, 08/15/38 | 50,000 | 56,179 |
4.50%, 03/15/42 (a)(c) | 150,000 | 123,359 |
4.50%, 03/15/43 (a) | 100,000 | 81,755 |
5.45%, 10/01/43 (a) | 100,000 | 92,143 |
5.00%, 03/15/44 (a) | 180,000 | 156,510 |
4.30%, 02/15/48 (a) | 100,000 | 76,880 |
4.35%, 05/01/49 (a) | 250,000 | 195,402 |
3.70%, 11/15/49 (a) | 150,000 | 105,977 |
4.55%, 03/15/52 (a)(c) | 375,000 | 299,974 |
Take-Two Interactive Software, Inc. | ||
3.55%, 04/14/25 | 150,000 | 144,246 |
3.70%, 04/14/27 (a) | 150,000 | 141,707 |
4.00%, 04/14/32 (a) | 150,000 | 133,685 |
TCI Communications, Inc. | ||
7.13%, 02/15/28 | 30,000 | 32,715 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 300,000 | 284,289 |
7.05%, 06/20/36 | 365,000 | 385,155 |
4.67%, 03/06/38 | 150,000 | 124,050 |
5.21%, 03/08/47 | 500,000 | 418,920 |
4.90%, 03/06/48 | 150,000 | 119,102 |
5.52%, 03/01/49 (a) | 300,000 | 260,988 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 100,000 | 113,471 |
TELUS Corp. | ||
3.70%, 09/15/27 (a) | 350,000 | 330,491 |
4.60%, 11/16/48 (a) | 100,000 | 88,265 |
4.30%, 06/15/49 (a) | 150,000 | 125,400 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The Bell Telephone Co of Canada | ||
0.75%, 03/17/24 | 100,000 | 95,242 |
2.15%, 02/15/32 (a) | 100,000 | 78,539 |
4.46%, 04/01/48 (a) | 200,000 | 170,618 |
4.30%, 07/29/49 (a) | 100,000 | 82,486 |
3.65%, 03/17/51 (a) | 100,000 | 73,830 |
3.20%, 02/15/52 (a) | 125,000 | 84,510 |
3.65%, 08/15/52 (a) | 150,000 | 110,505 |
The Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 100,000 | 96,179 |
4.75%, 03/30/30 (a) | 100,000 | 95,469 |
2.40%, 03/01/31 (a) | 100,000 | 80,277 |
3.38%, 03/01/41 (a) | 100,000 | 72,929 |
5.40%, 10/01/48 (a) | 100,000 | 95,000 |
The Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 150,000 | 142,644 |
3.70%, 09/15/24 (a) | 150,000 | 147,086 |
3.35%, 03/24/25 | 250,000 | 241,622 |
3.70%, 10/15/25 (a) | 200,000 | 193,250 |
1.75%, 01/13/26 | 300,000 | 274,173 |
3.70%, 03/23/27 | 250,000 | 239,562 |
2.20%, 01/13/28 | 200,000 | 177,666 |
2.00%, 09/01/29 (a) | 400,000 | 334,392 |
3.80%, 03/22/30 | 200,000 | 186,092 |
2.65%, 01/13/31 | 450,000 | 383,476 |
6.55%, 03/15/33 | 100,000 | 111,509 |
6.20%, 12/15/34 | 150,000 | 164,187 |
6.40%, 12/15/35 | 230,000 | 253,810 |
6.15%, 03/01/37 | 50,000 | 53,563 |
6.65%, 11/15/37 | 200,000 | 226,950 |
4.63%, 03/23/40 (a) | 200,000 | 187,994 |
3.50%, 05/13/40 (a) | 350,000 | 283,843 |
5.40%, 10/01/43 | 50,000 | 50,377 |
4.75%, 09/15/44 (a) | 150,000 | 139,662 |
4.95%, 10/15/45 (a) | 100,000 | 95,013 |
4.75%, 11/15/46 (a) | 100,000 | 93,378 |
2.75%, 09/01/49 (a) | 350,000 | 232,949 |
4.70%, 03/23/50 (a) | 300,000 | 281,289 |
3.60%, 01/13/51 (a) | 450,000 | 349,438 |
3.80%, 05/13/60 (a) | 250,000 | 195,057 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 | 150,000 | 143,339 |
7.30%, 07/01/38 | 300,000 | 300,849 |
6.75%, 06/15/39 | 250,000 | 240,847 |
5.88%, 11/15/40 (a) | 224,000 | 197,523 |
5.50%, 09/01/41 (a) | 250,000 | 211,250 |
4.50%, 09/15/42 (a) | 200,000 | 149,204 |
Time Warner Entertainment Co. LP | ||
8.38%, 07/15/33 | 200,000 | 224,924 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 500,000 | 479,025 |
1.50%, 02/15/26 (a) | 250,000 | 223,857 |
2.25%, 02/15/26 (a) | 300,000 | 273,195 |
2.63%, 04/15/26 (a) | 250,000 | 229,205 |
3.75%, 04/15/27 (a) | 750,000 | 705,510 |
4.75%, 02/01/28 (a) | 300,000 | 290,826 |
2.05%, 02/15/28 (a) | 300,000 | 257,679 |
4.95%, 03/15/28 (a) | 150,000 | 147,339 |
2.63%, 02/15/29 (a) | 150,000 | 128,000 |
2.40%, 03/15/29 (a) | 100,000 | 84,652 |
3.38%, 04/15/29 (a) | 400,000 | 354,268 |
3.88%, 04/15/30 (a) | 1,300,000 | 1,179,750 |
2.55%, 02/15/31 (a) | 500,000 | 408,455 |
2.88%, 02/15/31 (a) | 200,000 | 166,206 |
3.50%, 04/15/31 (a) | 400,000 | 346,716 |
2.25%, 11/15/31 (a) | 100,000 | 78,590 |
2.70%, 03/15/32 (a) | 200,000 | 162,166 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.20%, 01/15/33 (a) | 300,000 | 292,821 |
5.05%, 07/15/33 (a) | 200,000 | 192,786 |
4.38%, 04/15/40 (a) | 350,000 | 297,829 |
3.00%, 02/15/41 (a) | 450,000 | 314,721 |
4.50%, 04/15/50 (a) | 500,000 | 415,910 |
3.30%, 02/15/51 (a) | 550,000 | 369,275 |
3.40%, 10/15/52 (a) | 500,000 | 340,210 |
5.65%, 01/15/53 (a) | 200,000 | 196,428 |
3.60%, 11/15/60 (a) | 300,000 | 200,895 |
5.80%, 09/15/62 (a) | 100,000 | 98,123 |
TWDC Enterprises 18 Corp. | ||
3.00%, 02/13/26 | 150,000 | 141,675 |
1.85%, 07/30/26 | 150,000 | 135,129 |
2.95%, 06/15/27 | 200,000 | 185,416 |
4.38%, 08/16/41 | 100,000 | 89,504 |
4.13%, 12/01/41 | 150,000 | 130,763 |
4.13%, 06/01/44 | 250,000 | 216,020 |
3.00%, 07/30/46 | 100,000 | 70,613 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 200,000 | 190,616 |
3.50%, 11/01/24 (a) | 130,000 | 126,724 |
3.38%, 02/15/25 | 250,000 | 241,535 |
0.85%, 11/20/25 (a) | 300,000 | 268,245 |
1.45%, 03/20/26 (a) | 350,000 | 313,540 |
2.63%, 08/15/26 | 400,000 | 367,524 |
4.13%, 03/16/27 | 450,000 | 433,309 |
3.00%, 03/22/27 (a) | 150,000 | 138,482 |
2.10%, 03/22/28 (a) | 500,000 | 431,935 |
4.33%, 09/21/28 | 800,000 | 766,456 |
3.88%, 02/08/29 (a) | 200,000 | 186,440 |
4.02%, 12/03/29 (a) | 700,000 | 646,835 |
3.15%, 03/22/30 (a) | 250,000 | 219,047 |
1.50%, 09/18/30 (a) | 250,000 | 193,720 |
1.68%, 10/30/30 (a) | 117,000 | 90,452 |
7.75%, 12/01/30 | 52,000 | 59,841 |
1.75%, 01/20/31 (a) | 400,000 | 308,904 |
2.55%, 03/21/31 (a) | 800,000 | 654,288 |
2.36%, 03/15/32 (a) | 813,000 | 639,465 |
4.50%, 08/10/33 | 400,000 | 371,996 |
4.40%, 11/01/34 (a) | 330,000 | 300,346 |
4.27%, 01/15/36 | 305,000 | 269,358 |
5.25%, 03/16/37 | 200,000 | 195,502 |
4.81%, 03/15/39 | 200,000 | 183,598 |
2.65%, 11/20/40 (a) | 500,000 | 338,895 |
3.40%, 03/22/41 (a) | 650,000 | 490,906 |
2.85%, 09/03/41 (a) | 250,000 | 173,560 |
3.85%, 11/01/42 (a) | 200,000 | 159,716 |
6.55%, 09/15/43 | 100,000 | 109,150 |
4.13%, 08/15/46 | 200,000 | 163,400 |
4.86%, 08/21/46 | 400,000 | 362,076 |
4.52%, 09/15/48 | 250,000 | 214,495 |
5.01%, 04/15/49 | 150,000 | 137,618 |
4.00%, 03/22/50 (a) | 250,000 | 198,057 |
2.88%, 11/20/50 (a) | 500,000 | 315,590 |
3.55%, 03/22/51 (a) | 825,000 | 596,186 |
3.88%, 03/01/52 (a) | 150,000 | 114,927 |
5.01%, 08/21/54 | 100,000 | 92,733 |
4.67%, 03/15/55 | 100,000 | 86,907 |
2.99%, 10/30/56 (a) | 550,000 | 337,122 |
3.00%, 11/20/60 (a) | 350,000 | 211,232 |
3.70%, 03/22/61 (a) | 650,000 | 457,840 |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 89,000 | 87,323 |
2.90%, 01/15/27 (a) | 150,000 | 135,731 |
3.38%, 02/15/28 (a) | 250,000 | 225,000 |
4.20%, 06/01/29 (a) | 100,000 | 89,921 |
7.88%, 07/30/30 | 50,000 | 54,075 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 01/15/31 (a) | 300,000 | 268,650 |
4.20%, 05/19/32 (a) | 150,000 | 123,677 |
6.88%, 04/30/36 | 150,000 | 149,233 |
5.90%, 10/15/40 (a) | 100,000 | 88,866 |
4.38%, 03/15/43 | 250,000 | 173,910 |
5.85%, 09/01/43 (a) | 250,000 | 210,517 |
5.25%, 04/01/44 (a) | 100,000 | 77,256 |
4.90%, 08/15/44 (a) | 95,000 | 70,204 |
4.60%, 01/15/45 (a) | 130,000 | 93,539 |
4.95%, 05/19/50 (a) | 200,000 | 148,328 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 250,000 | 243,437 |
7.88%, 02/15/30 | 150,000 | 170,761 |
6.15%, 02/27/37 | 300,000 | 310,818 |
5.00%, 05/30/38 | 200,000 | 187,552 |
4.38%, 02/19/43 | 250,000 | 204,720 |
5.25%, 05/30/48 | 300,000 | 277,338 |
4.88%, 06/19/49 | 350,000 | 303,821 |
4.25%, 09/17/50 | 250,000 | 196,557 |
5.13%, 06/19/59 | 100,000 | 88,337 |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 200,000 | 193,134 |
3.38%, 07/08/30 (a) | 200,000 | 161,350 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 100,000 | 96,989 |
88,356,156 | ||
Consumer Cyclical 1.7% | ||
Advance Auto Parts, Inc. | ||
1.75%, 10/01/27 (a) | 100,000 | 84,933 |
3.90%, 04/15/30 (a) | 100,000 | 88,514 |
3.50%, 03/15/32 (a) | 50,000 | 41,092 |
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 200,000 | 193,724 |
3.40%, 12/06/27 (a) | 500,000 | 459,585 |
2.13%, 02/09/31 (a) | 200,000 | 159,730 |
4.00%, 12/06/37 (a) | 200,000 | 165,570 |
2.70%, 02/09/41 (a) | 250,000 | 164,860 |
4.20%, 12/06/47 (a) | 200,000 | 157,242 |
3.15%, 02/09/51 (a) | 300,000 | 192,885 |
4.40%, 12/06/57 (a) | 200,000 | 156,546 |
3.25%, 02/09/61 (a) | 200,000 | 123,702 |
Amazon.com, Inc. | ||
0.45%, 05/12/24 | 300,000 | 284,034 |
2.80%, 08/22/24 (a) | 400,000 | 387,296 |
4.70%, 11/29/24 | 250,000 | 248,715 |
3.80%, 12/05/24 (a) | 195,000 | 190,956 |
3.00%, 04/13/25 | 250,000 | 240,742 |
0.80%, 06/03/25 (a) | 250,000 | 228,147 |
4.60%, 12/01/25 | 250,000 | 248,265 |
5.20%, 12/03/25 (a) | 200,000 | 201,430 |
1.00%, 05/12/26 (a) | 500,000 | 442,840 |
3.30%, 04/13/27 (a) | 400,000 | 378,144 |
1.20%, 06/03/27 (a) | 200,000 | 172,808 |
3.15%, 08/22/27 (a) | 600,000 | 560,718 |
4.55%, 12/01/27 (a) | 350,000 | 346,311 |
1.65%, 05/12/28 (a) | 400,000 | 343,660 |
3.45%, 04/13/29 (a) | 250,000 | 232,532 |
4.65%, 12/01/29 (a) | 300,000 | 295,848 |
1.50%, 06/03/30 (a) | 400,000 | 321,460 |
2.10%, 05/12/31 (a) | 525,000 | 432,028 |
3.60%, 04/13/32 (a) | 500,000 | 458,055 |
4.70%, 12/01/32 (a) | 400,000 | 395,624 |
4.80%, 12/05/34 (a) | 150,000 | 150,114 |
3.88%, 08/22/37 (a) | 500,000 | 442,085 |
2.88%, 05/12/41 (a) | 200,000 | 149,148 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 12/05/44 (a) | 280,000 | 274,781 |
4.05%, 08/22/47 (a) | 600,000 | 518,592 |
2.50%, 06/03/50 (a) | 400,000 | 256,304 |
3.10%, 05/12/51 (a) | 600,000 | 430,674 |
3.95%, 04/13/52 (a) | 450,000 | 378,540 |
4.25%, 08/22/57 (a) | 400,000 | 346,320 |
2.70%, 06/03/60 (a) | 400,000 | 246,100 |
3.25%, 05/12/61 (a) | 300,000 | 208,158 |
4.10%, 04/13/62 (a) | 200,000 | 165,644 |
American Honda Finance Corp. | ||
0.75%, 08/09/24 | 200,000 | 187,698 |
2.15%, 09/10/24 | 250,000 | 238,662 |
1.50%, 01/13/25 | 250,000 | 233,980 |
1.20%, 07/08/25 | 250,000 | 228,050 |
1.00%, 09/10/25 | 250,000 | 225,815 |
2.30%, 09/09/26 | 200,000 | 182,418 |
2.35%, 01/08/27 | 50,000 | 45,539 |
3.50%, 02/15/28 | 100,000 | 93,633 |
2.00%, 03/24/28 | 250,000 | 216,392 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 100,000 | 94,804 |
3.25%, 03/01/32 (a) | 200,000 | 166,996 |
5.40%, 03/15/49 (a) | 100,000 | 87,144 |
3.10%, 12/01/51 (a) | 250,000 | 151,130 |
Aptiv PLC/Aptiv Corp. | ||
4.15%, 05/01/52 (a) | 200,000 | 146,664 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 150,000 | 144,690 |
4.75%, 06/01/30 (a) | 100,000 | 93,488 |
2.40%, 08/01/31 (a) | 100,000 | 74,980 |
3.85%, 03/01/32 (a) | 150,000 | 125,864 |
AutoZone, Inc. | ||
3.25%, 04/15/25 (a) | 200,000 | 191,500 |
3.75%, 04/18/29 (a) | 150,000 | 137,819 |
4.00%, 04/15/30 (a) | 150,000 | 138,084 |
1.65%, 01/15/31 (a) | 150,000 | 115,752 |
4.75%, 08/01/32 (a) | 150,000 | 143,318 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 100,000 | 95,893 |
1.95%, 10/01/30 (a) | 150,000 | 118,070 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 100,000 | 99,124 |
3.88%, 08/15/30 (a) | 150,000 | 131,552 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 100,000 | 96,876 |
3.60%, 06/01/26 (a) | 150,000 | 143,028 |
4.63%, 04/13/30 (a) | 350,000 | 339,997 |
BorgWarner, Inc. | ||
3.38%, 03/15/25 (a) | 100,000 | 95,987 |
2.65%, 07/01/27 (a) | 200,000 | 179,794 |
4.38%, 03/15/45 (a) | 100,000 | 77,982 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 100,000 | 97,940 |
2.50%, 04/01/31 (a) | 100,000 | 81,327 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 100,000 | 87,122 |
3.70%, 01/15/31 (a) | 100,000 | 86,374 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 200,000 | 194,314 |
3.00%, 05/18/27 (a) | 300,000 | 282,492 |
1.38%, 06/20/27 (a) | 250,000 | 218,700 |
1.60%, 04/20/30 (a) | 100,000 | 81,719 |
1.75%, 04/20/32 (a) | 200,000 | 157,934 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 135,509 |
1.50%, 09/01/30 (a) | 250,000 | 198,495 |
4.88%, 10/01/43 (a) | 50,000 | 48,167 |
2.60%, 09/01/50 (a) | 150,000 | 94,754 |
D.R. Horton, Inc. | ||
2.60%, 10/15/25 (a) | 175,000 | 162,640 |
1.40%, 10/15/27 (a) | 150,000 | 125,706 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 350,000 | 433,261 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 100,000 | 95,523 |
4.55%, 02/15/48 (a) | 50,000 | 41,194 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 100,000 | 79,060 |
4.10%, 01/15/52 (a) | 200,000 | 132,714 |
Dollar General Corp. | ||
4.25%, 09/20/24 | 200,000 | 196,588 |
3.88%, 04/15/27 (a) | 200,000 | 190,422 |
4.13%, 05/01/28 (a) | 100,000 | 95,241 |
3.50%, 04/03/30 (a) | 200,000 | 179,130 |
5.00%, 11/01/32 (a) | 150,000 | 145,389 |
4.13%, 04/03/50 (a) | 100,000 | 79,590 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 150,000 | 145,814 |
4.20%, 05/15/28 (a) | 250,000 | 238,172 |
2.65%, 12/01/31 (a) | 100,000 | 80,600 |
3.38%, 12/01/51 (a) | 100,000 | 67,087 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 200,000 | 195,234 |
1.90%, 03/11/25 (a) | 150,000 | 140,277 |
5.90%, 11/22/25 (a) | 100,000 | 101,812 |
1.40%, 05/10/26 (a) | 100,000 | 88,872 |
3.60%, 06/05/27 (a) | 150,000 | 141,504 |
2.70%, 03/11/30 (a) | 100,000 | 84,998 |
2.60%, 05/10/31 (a) | 150,000 | 123,339 |
6.30%, 11/22/32 (a) | 150,000 | 158,517 |
4.00%, 07/15/42 (a) | 150,000 | 119,247 |
3.65%, 05/10/51 (a) | 200,000 | 144,040 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 200,000 | 197,376 |
3.80%, 02/15/28 (a) | 200,000 | 183,844 |
3.25%, 02/15/30 (a) | 200,000 | 168,904 |
2.95%, 03/15/31 (a) | 150,000 | 120,839 |
General Motors Co. | ||
6.13%, 10/01/25 (a) | 250,000 | 252,805 |
4.20%, 10/01/27 (a) | 150,000 | 141,864 |
6.80%, 10/01/27 (a) | 300,000 | 313,341 |
5.00%, 10/01/28 (a) | 250,000 | 242,270 |
5.40%, 10/15/29 (a) | 200,000 | 192,550 |
5.60%, 10/15/32 (a) | 200,000 | 190,378 |
5.00%, 04/01/35 | 100,000 | 88,858 |
6.60%, 04/01/36 (a) | 300,000 | 300,252 |
5.15%, 04/01/38 (a) | 250,000 | 216,390 |
6.25%, 10/02/43 | 250,000 | 235,810 |
5.20%, 04/01/45 | 250,000 | 206,637 |
6.75%, 04/01/46 (a) | 100,000 | 98,712 |
5.40%, 04/01/48 (a) | 75,000 | 62,616 |
5.95%, 04/01/49 (a) | 200,000 | 180,066 |
General Motors Financial Co., Inc. | ||
1.05%, 03/08/24 | 150,000 | 143,283 |
3.95%, 04/13/24 (a) | 150,000 | 147,152 |
1.20%, 10/15/24 | 150,000 | 139,488 |
3.50%, 11/07/24 (a) | 150,000 | 144,831 |
4.00%, 01/15/25 (a) | 100,000 | 97,011 |
2.90%, 02/26/25 (a) | 200,000 | 189,536 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.80%, 04/07/25 | 250,000 | 240,600 |
4.35%, 04/09/25 (a) | 150,000 | 145,698 |
2.75%, 06/20/25 (a) | 250,000 | 234,575 |
4.30%, 07/13/25 (a) | 200,000 | 194,310 |
6.05%, 10/10/25 | 250,000 | 252,147 |
1.25%, 01/08/26 (a) | 200,000 | 176,930 |
5.25%, 03/01/26 (a) | 250,000 | 247,200 |
1.50%, 06/10/26 (a) | 250,000 | 218,427 |
4.35%, 01/17/27 (a) | 200,000 | 191,096 |
2.35%, 02/26/27 (a) | 150,000 | 132,693 |
5.00%, 04/09/27 (a) | 300,000 | 292,851 |
2.70%, 08/20/27 (a) | 200,000 | 176,438 |
3.85%, 01/05/28 (a) | 150,000 | 137,307 |
2.40%, 10/15/28 (a) | 250,000 | 209,445 |
5.65%, 01/17/29 (a) | 100,000 | 98,090 |
4.30%, 04/06/29 (a) | 250,000 | 228,030 |
3.60%, 06/21/30 (a) | 300,000 | 257,421 |
2.35%, 01/08/31 (a) | 200,000 | 153,836 |
2.70%, 06/10/31 (a) | 200,000 | 156,662 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 125,000 | 96,691 |
2.75%, 02/01/32 (a) | 150,000 | 121,236 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25 (a) | 100,000 | 98,131 |
5.38%, 04/15/26 (a) | 150,000 | 146,447 |
5.75%, 06/01/28 (a) | 100,000 | 98,160 |
5.30%, 01/15/29 (a) | 100,000 | 94,786 |
4.00%, 01/15/30 (a) | 100,000 | 87,907 |
4.00%, 01/15/31 (a) | 400,000 | 344,232 |
3.25%, 01/15/32 (a) | 100,000 | 79,553 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 96,369 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 75,000 | 72,687 |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 200,000 | 183,726 |
2.97%, 03/10/32 (a) | 150,000 | 130,353 |
Hyatt Hotels Corp. | ||
5.63%, 04/23/25 (a) | 100,000 | 99,477 |
4.38%, 09/15/28 (a) | 150,000 | 142,187 |
6.00%, 04/23/30 (a) | 150,000 | 150,871 |
JD.com, Inc. | ||
4.13%, 01/14/50 (a) | 200,000 | 154,948 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 50,000 | 46,778 |
4.25%, 05/15/29 (a) | 50,000 | 45,827 |
3.50%, 05/30/30 (a) | 50,000 | 42,809 |
2.60%, 01/15/32 (a) | 100,000 | 76,105 |
5.25%, 05/15/49 (a) | 100,000 | 84,675 |
3.55%, 01/15/52 (a) | 100,000 | 62,763 |
Lennar Corp. | ||
4.75%, 05/30/25 (a) | 350,000 | 343,192 |
4.75%, 11/29/27 (a) | 250,000 | 239,777 |
Lowe's Cos., Inc. | ||
3.13%, 09/15/24 (a) | 100,000 | 96,732 |
4.40%, 09/08/25 | 200,000 | 196,602 |
3.38%, 09/15/25 (a) | 274,000 | 261,769 |
2.50%, 04/15/26 (a) | 200,000 | 185,050 |
3.35%, 04/01/27 (a) | 200,000 | 187,258 |
3.10%, 05/03/27 (a) | 250,000 | 232,307 |
1.30%, 04/15/28 (a) | 250,000 | 207,097 |
3.65%, 04/05/29 (a) | 300,000 | 274,383 |
4.50%, 04/15/30 (a) | 200,000 | 190,704 |
1.70%, 10/15/30 (a) | 250,000 | 195,217 |
2.63%, 04/01/31 (a) | 350,000 | 288,438 |
3.75%, 04/01/32 (a) | 300,000 | 265,815 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.00%, 04/15/33 (a) | 200,000 | 192,674 |
5.00%, 04/15/40 (a) | 100,000 | 91,695 |
2.80%, 09/15/41 (a) | 200,000 | 135,612 |
4.65%, 04/15/42 (a) | 95,000 | 82,869 |
4.38%, 09/15/45 (a) | 100,000 | 82,070 |
3.70%, 04/15/46 (a) | 150,000 | 111,126 |
4.05%, 05/03/47 (a) | 250,000 | 195,402 |
4.55%, 04/05/49 (a) | 100,000 | 82,810 |
5.13%, 04/15/50 (a) | 100,000 | 91,243 |
3.00%, 10/15/50 (a) | 200,000 | 127,312 |
3.50%, 04/01/51 (a) | 50,000 | 35,175 |
4.25%, 04/01/52 (a) | 300,000 | 236,598 |
5.63%, 04/15/53 (a) | 250,000 | 240,330 |
4.45%, 04/01/62 (a) | 250,000 | 195,775 |
5.80%, 09/15/62 (a) | 200,000 | 193,406 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 200,000 | 195,318 |
2.45%, 06/15/30 (a) | 200,000 | 166,376 |
Marriott International, Inc. | ||
3.75%, 03/15/25 (a) | 130,000 | 125,598 |
5.75%, 05/01/25 (a) | 300,000 | 302,853 |
3.13%, 06/15/26 (a) | 150,000 | 140,280 |
5.00%, 10/15/27 (a) | 150,000 | 148,368 |
4.00%, 04/15/28 (a) | 100,000 | 94,030 |
4.63%, 06/15/30 (a) | 200,000 | 188,926 |
3.50%, 10/15/32 (a) | 350,000 | 296,614 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 150,000 | 144,384 |
3.30%, 07/01/25 (a) | 100,000 | 96,237 |
1.45%, 09/01/25 (a) | 150,000 | 137,171 |
3.70%, 01/30/26 (a) | 330,000 | 318,480 |
3.50%, 03/01/27 (a) | 200,000 | 188,974 |
3.50%, 07/01/27 (a) | 200,000 | 188,726 |
3.80%, 04/01/28 (a) | 250,000 | 237,090 |
2.63%, 09/01/29 (a) | 100,000 | 86,999 |
2.13%, 03/01/30 (a) | 150,000 | 124,376 |
3.60%, 07/01/30 (a) | 150,000 | 136,841 |
4.60%, 09/09/32 (a) | 150,000 | 144,786 |
4.70%, 12/09/35 (a) | 100,000 | 94,688 |
6.30%, 10/15/37 | 200,000 | 217,862 |
6.30%, 03/01/38 | 200,000 | 216,188 |
4.88%, 07/15/40 | 100,000 | 94,504 |
3.70%, 02/15/42 | 100,000 | 79,566 |
4.60%, 05/26/45 (a) | 100,000 | 88,989 |
4.88%, 12/09/45 (a) | 320,000 | 291,866 |
4.45%, 03/01/47 (a) | 100,000 | 86,646 |
4.45%, 09/01/48 (a) | 200,000 | 174,580 |
3.63%, 09/01/49 (a) | 300,000 | 226,254 |
4.20%, 04/01/50 (a) | 100,000 | 83,232 |
5.15%, 09/09/52 (a) | 150,000 | 144,114 |
MDC Holdings, Inc. | ||
2.50%, 01/15/31 (a) | 150,000 | 111,128 |
6.00%, 01/15/43 (a) | 150,000 | 127,257 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 150,000 | 143,162 |
2.38%, 11/01/26 (a) | 100,000 | 92,094 |
2.75%, 03/27/27 (a) | 350,000 | 324,810 |
2.85%, 03/27/30 (a) | 350,000 | 311,468 |
3.25%, 03/27/40 (a) | 300,000 | 242,049 |
3.38%, 11/01/46 (a) | 230,000 | 177,873 |
3.38%, 03/27/50 (a)(h) | 200,000 | 156,186 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 200,000 | 170,874 |
O'Reilly Automotive, Inc. | ||
3.60%, 09/01/27 (a) | 150,000 | 140,850 |
4.35%, 06/01/28 (a) | 200,000 | 192,804 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 04/01/30 (a) | 100,000 | 93,779 |
1.75%, 03/15/31 (a) | 150,000 | 116,831 |
4.70%, 06/15/32 (a) | 150,000 | 143,148 |
PACCAR Financial Corp. | ||
0.50%, 08/09/24 | 250,000 | 233,720 |
1.80%, 02/06/25 | 200,000 | 187,888 |
3.55%, 08/11/25 | 200,000 | 193,546 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 149,415 |
7.88%, 06/15/32 | 200,000 | 223,740 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(c) | 250,000 | 244,372 |
Ralph Lauren Corp. | ||
2.95%, 06/15/30 (a) | 150,000 | 131,286 |
Ross Stores, Inc. | ||
0.88%, 04/15/26 (a) | 250,000 | 218,930 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 300,000 | 290,985 |
2.45%, 06/15/26 (a) | 150,000 | 138,372 |
2.00%, 03/12/27 (a) | 200,000 | 177,994 |
4.00%, 11/15/28 (a) | 150,000 | 142,313 |
3.55%, 08/15/29 (a) | 200,000 | 182,976 |
2.25%, 03/12/30 (a) | 100,000 | 82,952 |
2.55%, 11/15/30 (a) | 195,000 | 162,833 |
3.00%, 02/14/32 (a) | 200,000 | 170,178 |
3.75%, 12/01/47 (a) | 150,000 | 115,127 |
4.50%, 11/15/48 (a) | 150,000 | 129,252 |
4.45%, 08/15/49 (a) | 150,000 | 128,063 |
3.35%, 03/12/50 (a) | 100,000 | 71,378 |
3.50%, 11/15/50 (a) | 200,000 | 145,666 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 150,000 | 146,489 |
4.13%, 07/15/27 (a) | 100,000 | 94,590 |
Target Corp. | ||
3.50%, 07/01/24 | 263,000 | 257,243 |
2.25%, 04/15/25 (a) | 300,000 | 283,542 |
2.50%, 04/15/26 | 200,000 | 187,310 |
3.38%, 04/15/29 (a) | 150,000 | 138,468 |
2.35%, 02/15/30 (a) | 250,000 | 212,202 |
2.65%, 09/15/30 (a) | 350,000 | 300,212 |
4.50%, 09/15/32 (a) | 200,000 | 192,198 |
4.00%, 07/01/42 | 75,000 | 66,030 |
3.90%, 11/15/47 (a) | 300,000 | 246,948 |
2.95%, 01/15/52 (a) | 200,000 | 136,548 |
4.80%, 01/15/53 (a) | 200,000 | 187,000 |
The Ford Foundation | ||
2.42%, 06/01/50 (a) | 100,000 | 65,196 |
The Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 200,000 | 192,336 |
4.00%, 09/15/25 (a) | 150,000 | 147,558 |
3.00%, 04/01/26 (a) | 150,000 | 141,654 |
2.13%, 09/15/26 (a) | 200,000 | 182,106 |
2.50%, 04/15/27 (a) | 200,000 | 182,884 |
2.80%, 09/14/27 (a) | 150,000 | 138,054 |
3.90%, 12/06/28 (a) | 300,000 | 287,556 |
2.95%, 06/15/29 (a) | 350,000 | 312,697 |
2.70%, 04/15/30 (a) | 200,000 | 173,556 |
1.38%, 03/15/31 (a) | 250,000 | 192,530 |
1.88%, 09/15/31 (a) | 250,000 | 198,162 |
3.25%, 04/15/32 (a) | 250,000 | 219,282 |
4.50%, 09/15/32 (a) | 200,000 | 192,926 |
5.88%, 12/16/36 | 605,000 | 647,519 |
3.30%, 04/15/40 (a) | 200,000 | 159,682 |
5.40%, 09/15/40 (a) | 100,000 | 101,658 |
5.95%, 04/01/41 (a) | 200,000 | 214,782 |
4.20%, 04/01/43 (a) | 230,000 | 201,703 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.88%, 02/15/44 (a) | 195,000 | 187,108 |
4.40%, 03/15/45 (a) | 150,000 | 133,248 |
4.25%, 04/01/46 (a) | 250,000 | 216,645 |
3.90%, 06/15/47 (a) | 200,000 | 165,666 |
4.50%, 12/06/48 (a) | 300,000 | 269,937 |
3.13%, 12/15/49 (a) | 200,000 | 141,882 |
3.35%, 04/15/50 (a) | 250,000 | 185,890 |
2.38%, 03/15/51 (a) | 250,000 | 150,145 |
2.75%, 09/15/51 (a) | 150,000 | 97,956 |
3.63%, 04/15/52 (a) | 300,000 | 231,021 |
4.95%, 09/15/52 (a) | 150,000 | 144,377 |
3.50%, 09/15/56 (a) | 150,000 | 112,616 |
The Rockefeller Foundation | ||
2.49%, 10/01/50 (a) | 150,000 | 98,460 |
The TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 200,000 | 182,752 |
1.15%, 05/15/28 (a) | 150,000 | 125,736 |
3.88%, 04/15/30 (a) | 100,000 | 94,150 |
1.60%, 05/15/31 (a) | 100,000 | 78,786 |
Toll Brothers Finance Corp. | ||
4.35%, 02/15/28 (a) | 200,000 | 185,180 |
Toyota Motor Corp. | ||
0.68%, 03/25/24 (a) | 250,000 | 238,345 |
2.36%, 07/02/24 | 100,000 | 96,285 |
1.34%, 03/25/26 (a) | 200,000 | 179,584 |
3.67%, 07/20/28 | 150,000 | 142,707 |
Toyota Motor Credit Corp. | ||
2.50%, 03/22/24 | 250,000 | 242,935 |
2.90%, 04/17/24 | 200,000 | 194,862 |
0.50%, 06/18/24 | 100,000 | 94,163 |
0.63%, 09/13/24 | 200,000 | 186,800 |
2.00%, 10/07/24 | 100,000 | 95,201 |
4.80%, 01/10/25 | 200,000 | 198,976 |
1.45%, 01/13/25 | 150,000 | 140,421 |
1.80%, 02/13/25 | 400,000 | 375,188 |
3.00%, 04/01/25 | 300,000 | 287,280 |
3.95%, 06/30/25 | 250,000 | 244,030 |
0.80%, 10/16/25 | 250,000 | 224,277 |
5.40%, 11/10/25 | 200,000 | 202,046 |
0.80%, 01/09/26 | 150,000 | 133,719 |
1.13%, 06/18/26 | 250,000 | 220,867 |
3.20%, 01/11/27 | 150,000 | 141,084 |
3.05%, 03/22/27 | 300,000 | 279,396 |
1.15%, 08/13/27 | 200,000 | 170,350 |
4.55%, 09/20/27 | 200,000 | 196,948 |
4.63%, 01/12/28 | 150,000 | 148,121 |
1.90%, 04/06/28 | 150,000 | 130,353 |
3.65%, 01/08/29 | 150,000 | 141,036 |
4.45%, 06/29/29 | 200,000 | 195,860 |
2.15%, 02/13/30 | 100,000 | 85,208 |
3.38%, 04/01/30 | 200,000 | 183,312 |
1.90%, 09/12/31 | 300,000 | 240,414 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 125,000 | 96,425 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 250,000 | 234,437 |
2.95%, 04/23/30 (a) | 200,000 | 165,254 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 250,000 | 236,045 |
4.95%, 02/15/30 (a) | 200,000 | 187,686 |
5.13%, 05/15/32 (a) | 200,000 | 185,680 |
5.63%, 05/15/52 (a) | 150,000 | 133,751 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24 (a) | 230,000 | 223,604 |
3.45%, 06/01/26 (a) | 300,000 | 281,400 |
3.20%, 04/15/30 (a) | 100,000 | 84,789 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.80%, 11/18/44 (a) | 250,000 | 207,217 |
4.10%, 04/15/50 (a) | 150,000 | 109,041 |
Walmart, Inc. | ||
2.85%, 07/08/24 (a) | 250,000 | 242,850 |
2.65%, 12/15/24 (a) | 200,000 | 193,058 |
3.55%, 06/26/25 (a) | 250,000 | 243,980 |
3.90%, 09/09/25 | 300,000 | 294,051 |
3.05%, 07/08/26 (a) | 200,000 | 189,858 |
1.05%, 09/17/26 (a) | 200,000 | 175,728 |
3.95%, 09/09/27 (a) | 200,000 | 194,988 |
3.70%, 06/26/28 (a) | 300,000 | 287,142 |
1.50%, 09/22/28 (a) | 200,000 | 170,110 |
2.38%, 09/24/29 (a) | 100,000 | 87,006 |
7.55%, 02/15/30 | 200,000 | 235,804 |
1.80%, 09/22/31 (a) | 250,000 | 201,837 |
4.15%, 09/09/32 (a) | 200,000 | 192,890 |
5.25%, 09/01/35 | 250,000 | 263,107 |
6.50%, 08/15/37 | 150,000 | 176,296 |
6.20%, 04/15/38 | 100,000 | 112,773 |
3.95%, 06/28/38 (a) | 100,000 | 90,834 |
5.63%, 04/01/40 | 100,000 | 107,742 |
5.00%, 10/25/40 | 150,000 | 150,587 |
5.63%, 04/15/41 | 100,000 | 108,459 |
4.30%, 04/22/44 (a) | 100,000 | 92,786 |
3.63%, 12/15/47 (a) | 50,000 | 41,193 |
4.05%, 06/29/48 (a) | 500,000 | 441,105 |
2.95%, 09/24/49 (a) | 150,000 | 109,148 |
2.65%, 09/22/51 (a) | 250,000 | 169,912 |
4.50%, 09/09/52 (a) | 200,000 | 188,816 |
71,017,270 | ||
Consumer Non-Cyclical 3.6% | ||
Abbott Laboratories | ||
2.95%, 03/15/25 (a) | 250,000 | 240,285 |
3.75%, 11/30/26 (a) | 400,000 | 387,012 |
1.15%, 01/30/28 (a) | 50,000 | 42,436 |
1.40%, 06/30/30 (a) | 150,000 | 120,290 |
4.75%, 11/30/36 (a) | 350,000 | 348,712 |
6.15%, 11/30/37 | 150,000 | 167,679 |
5.30%, 05/27/40 | 100,000 | 103,247 |
4.75%, 04/15/43 (a) | 150,000 | 145,371 |
4.90%, 11/30/46 (a) | 576,000 | 567,527 |
AbbVie, Inc. | ||
3.85%, 06/15/24 (a) | 150,000 | 147,211 |
2.60%, 11/21/24 (a) | 675,000 | 644,078 |
3.80%, 03/15/25 (a) | 400,000 | 388,112 |
3.60%, 05/14/25 (a) | 600,000 | 577,470 |
3.20%, 05/14/26 (a) | 350,000 | 329,119 |
2.95%, 11/21/26 (a) | 700,000 | 646,030 |
4.25%, 11/14/28 (a) | 300,000 | 287,040 |
3.20%, 11/21/29 (a) | 1,000,000 | 884,440 |
4.55%, 03/15/35 (a) | 350,000 | 325,920 |
4.50%, 05/14/35 (a) | 400,000 | 371,560 |
4.30%, 05/14/36 (a) | 250,000 | 224,760 |
4.05%, 11/21/39 (a) | 700,000 | 592,585 |
4.63%, 10/01/42 (a) | 100,000 | 88,705 |
4.40%, 11/06/42 | 450,000 | 390,780 |
4.85%, 06/15/44 (a) | 100,000 | 91,051 |
4.75%, 03/15/45 (a) | 111,000 | 99,528 |
4.70%, 05/14/45 (a) | 450,000 | 399,339 |
4.45%, 05/14/46 (a) | 350,000 | 300,226 |
4.88%, 11/14/48 (a) | 300,000 | 275,052 |
4.25%, 11/21/49 (a) | 1,000,000 | 833,430 |
Adventist Health System | ||
3.63%, 03/01/49 (a) | 100,000 | 72,721 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 50,000 | 46,851 |
4.27%, 08/15/48 (a) | 150,000 | 131,123 |
3.39%, 10/15/49 (a) | 100,000 | 74,394 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 150,000 | 129,720 |
2.10%, 06/04/30 (a) | 100,000 | 81,135 |
2.30%, 03/12/31 (a) | 200,000 | 162,884 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 75,000 | 79,139 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 50,000 | 49,248 |
2.78%, 07/01/51 (a) | 100,000 | 65,069 |
Allina Health System | ||
3.89%, 04/15/49 | 100,000 | 81,554 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 170,000 | 159,514 |
4.40%, 02/14/26 (a) | 200,000 | 195,886 |
2.63%, 09/16/26 (a) | 100,000 | 91,866 |
4.80%, 02/14/29 (a) | 300,000 | 287,907 |
3.40%, 05/06/30 (a) | 150,000 | 129,372 |
2.45%, 02/04/32 (a) | 300,000 | 226,698 |
5.80%, 02/14/39 (a) | 375,000 | 345,694 |
3.40%, 02/04/41 (a) | 300,000 | 201,336 |
4.25%, 08/09/42 | 200,000 | 150,060 |
4.50%, 05/02/43 | 100,000 | 76,334 |
5.38%, 01/31/44 | 145,000 | 126,476 |
3.88%, 09/16/46 (a) | 200,000 | 133,838 |
5.95%, 02/14/49 (a) | 400,000 | 358,392 |
4.45%, 05/06/50 (a) | 100,000 | 70,956 |
3.70%, 02/04/51 (a) | 250,000 | 158,895 |
4.00%, 02/04/61 (a) | 200,000 | 132,398 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 100,000 | 97,578 |
3.25%, 03/01/25 (a) | 100,000 | 95,862 |
3.45%, 12/15/27 (a) | 100,000 | 93,132 |
2.80%, 05/15/30 (a) | 100,000 | 85,332 |
2.70%, 03/15/31 (a) | 200,000 | 166,346 |
4.25%, 03/01/45 (a) | 100,000 | 83,771 |
4.30%, 12/15/47 (a) | 100,000 | 84,059 |
Amgen, Inc. | ||
3.63%, 05/22/24 (a) | 250,000 | 244,605 |
1.90%, 02/21/25 (a) | 100,000 | 93,570 |
5.25%, 03/02/25 | 500,000 | 499,090 |
3.13%, 05/01/25 (a) | 250,000 | 238,960 |
2.60%, 08/19/26 (a) | 130,000 | 119,399 |
2.20%, 02/21/27 (a) | 300,000 | 268,959 |
3.20%, 11/02/27 (a) | 150,000 | 138,702 |
5.15%, 03/02/28 (a) | 750,000 | 747,420 |
1.65%, 08/15/28 (a) | 300,000 | 251,382 |
4.05%, 08/18/29 (a) | 300,000 | 279,834 |
2.45%, 02/21/30 (a) | 200,000 | 168,190 |
5.25%, 03/02/30 (a) | 500,000 | 497,735 |
2.30%, 02/25/31 (a) | 175,000 | 141,988 |
2.00%, 01/15/32 (a) | 300,000 | 232,470 |
3.35%, 02/22/32 (a) | 200,000 | 173,522 |
4.20%, 03/01/33 (a) | 200,000 | 183,996 |
5.25%, 03/02/33 (a) | 500,000 | 496,520 |
6.40%, 02/01/39 | 50,000 | 53,408 |
3.15%, 02/21/40 (a) | 400,000 | 294,784 |
2.80%, 08/15/41 (a) | 200,000 | 137,864 |
4.95%, 10/01/41 | 100,000 | 91,619 |
5.15%, 11/15/41 (a) | 100,000 | 92,892 |
5.60%, 03/02/43 (a) | 400,000 | 395,424 |
4.40%, 05/01/45 (a) | 450,000 | 376,933 |
4.56%, 06/15/48 (a) | 250,000 | 215,330 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.38%, 02/21/50 (a) | 400,000 | 279,584 |
4.66%, 06/15/51 (a) | 625,000 | 541,144 |
3.00%, 01/15/52 (a) | 150,000 | 96,200 |
4.20%, 02/22/52 (a) | 200,000 | 161,440 |
4.88%, 03/01/53 (a) | 200,000 | 178,570 |
5.65%, 03/02/53 (a) | 750,000 | 744,277 |
2.77%, 09/01/53 (a) | 219,000 | 132,532 |
4.40%, 02/22/62 (a) | 250,000 | 200,885 |
5.75%, 03/02/63 (a) | 500,000 | 493,450 |
Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 600,000 | 575,160 |
4.70%, 02/01/36 (a) | 855,000 | 803,760 |
4.90%, 02/01/46 (a) | 1,700,000 | 1,562,096 |
Anheuser-Busch InBev Finance, Inc. | ||
4.70%, 02/01/36 (a) | 150,000 | 141,492 |
4.63%, 02/01/44 | 200,000 | 179,274 |
4.90%, 02/01/46 (a) | 200,000 | 183,758 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 450,000 | 429,948 |
4.75%, 01/23/29 (a) | 800,000 | 787,384 |
3.50%, 06/01/30 (a) | 300,000 | 273,549 |
4.90%, 01/23/31 (a) | 100,000 | 100,101 |
4.38%, 04/15/38 (a) | 250,000 | 223,810 |
8.20%, 01/15/39 | 250,000 | 312,867 |
5.45%, 01/23/39 (a) | 300,000 | 299,757 |
8.00%, 11/15/39 | 150,000 | 184,467 |
4.35%, 06/01/40 (a) | 250,000 | 220,025 |
4.95%, 01/15/42 | 200,000 | 187,350 |
4.60%, 04/15/48 (a) | 400,000 | 353,792 |
4.44%, 10/06/48 (a) | 350,000 | 302,001 |
5.55%, 01/23/49 (a) | 700,000 | 706,272 |
4.50%, 06/01/50 (a) | 400,000 | 353,464 |
4.75%, 04/15/58 (a) | 150,000 | 134,634 |
5.80%, 01/23/59 (a) | 350,000 | 362,306 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 200,000 | 184,296 |
3.25%, 03/27/30 (a) | 200,000 | 180,234 |
2.90%, 03/01/32 (a) | 250,000 | 215,620 |
5.38%, 09/15/35 | 100,000 | 103,034 |
4.54%, 03/26/42 | 100,000 | 92,001 |
3.75%, 09/15/47 (a) | 50,000 | 41,270 |
4.50%, 03/15/49 (a) | 100,000 | 91,864 |
2.70%, 09/15/51 (a) | 100,000 | 66,983 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 150,000 | 128,984 |
3.11%, 11/15/39 (a) | 100,000 | 78,404 |
3.95%, 11/15/46 | 250,000 | 211,752 |
4.85%, 11/15/53 | 100,000 | 99,437 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 300,000 | 283,959 |
1.20%, 05/28/26 (a) | 250,000 | 221,447 |
1.75%, 05/28/28 (a) | 250,000 | 214,340 |
2.25%, 05/28/31 (a) | 150,000 | 124,955 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 300,000 | 288,207 |
0.70%, 04/08/26 (a) | 200,000 | 175,420 |
3.13%, 06/12/27 (a) | 100,000 | 93,682 |
4.00%, 01/17/29 (a) | 250,000 | 239,835 |
1.38%, 08/06/30 (a) | 250,000 | 197,452 |
6.45%, 09/15/37 | 380,000 | 429,351 |
4.00%, 09/18/42 | 250,000 | 218,785 |
4.38%, 11/16/45 | 100,000 | 90,942 |
4.38%, 08/17/48 (a) | 150,000 | 136,127 |
2.13%, 08/06/50 (a) | 50,000 | 29,967 |
3.00%, 05/28/51 (a) | 200,000 | 144,002 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Banner Health | ||
2.34%, 01/01/30 (a) | 100,000 | 84,728 |
1.90%, 01/01/31 (a) | 100,000 | 79,643 |
3.18%, 01/01/50 (a) | 100,000 | 72,908 |
Baptist Healthcare System Obligated Group | ||
Series 20B 3.54%, 08/15/50 (a) | 150,000 | 111,551 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 400,000 | 385,648 |
2.79%, 09/06/24 (a) | 150,000 | 143,820 |
3.22%, 09/06/26 (a) | 200,000 | 184,566 |
4.70%, 04/02/27 (a) | 150,000 | 145,125 |
3.56%, 08/15/27 (a) | 600,000 | 547,452 |
2.26%, 03/25/28 (a) | 350,000 | 293,639 |
3.46%, 09/06/29 (a) | 100,000 | 85,862 |
4.91%, 04/02/30 (a) | 175,000 | 161,740 |
2.73%, 03/25/31 (a) | 250,000 | 195,262 |
4.74%, 03/16/32 (a) | 200,000 | 178,726 |
7.75%, 10/19/32 (a) | 100,000 | 107,483 |
4.39%, 08/15/37 (a) | 450,000 | 350,001 |
3.73%, 09/25/40 (a) | 150,000 | 102,684 |
4.54%, 08/15/47 (a) | 400,000 | 287,264 |
4.76%, 09/06/49 (a) | 150,000 | 111,398 |
5.28%, 04/02/50 (a) | 100,000 | 79,886 |
3.98%, 09/25/50 (a) | 200,000 | 132,102 |
5.65%, 03/16/52 (a) | 125,000 | 105,611 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 250,000 | 222,297 |
4.45%, 03/16/28 (a) | 100,000 | 93,526 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 145,467 |
5.25%, 06/23/45 (a) | 99,000 | 94,263 |
Baxter International, Inc. | ||
1.32%, 11/29/24 | 100,000 | 93,186 |
2.60%, 08/15/26 (a) | 129,000 | 117,479 |
1.92%, 02/01/27 (a) | 300,000 | 261,396 |
2.27%, 12/01/28 (a) | 250,000 | 209,487 |
3.95%, 04/01/30 (a) | 100,000 | 89,913 |
1.73%, 04/01/31 (a) | 150,000 | 111,761 |
2.54%, 02/01/32 (a) | 250,000 | 194,070 |
3.50%, 08/15/46 (a) | 85,000 | 59,276 |
3.13%, 12/01/51 (a) | 150,000 | 91,355 |
BayCare Health System, Inc. | ||
Series 2020 3.83%, 11/15/50 (a) | 100,000 | 82,381 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 100,000 | 79,331 |
4.19%, 11/15/45 (a) | 100,000 | 87,204 |
2.84%, 11/15/50 (a) | 200,000 | 136,152 |
Becton Dickinson & Co. | ||
3.36%, 06/06/24 (a) | 191,000 | 186,172 |
3.73%, 12/15/24 (a) | 102,000 | 99,167 |
3.70%, 06/06/27 (a) | 298,000 | 281,473 |
2.82%, 05/20/30 (a) | 200,000 | 171,356 |
1.96%, 02/11/31 (a) | 200,000 | 157,608 |
4.69%, 12/15/44 (a) | 250,000 | 222,437 |
4.67%, 06/06/47 (a) | 200,000 | 176,038 |
3.79%, 05/20/50 (a) | 150,000 | 116,030 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 300,000 | 290,478 |
2.25%, 05/01/30 (a) | 300,000 | 243,192 |
3.15%, 05/01/50 (a) | 300,000 | 199,104 |
3.25%, 02/15/51 (a) | 292,000 | 197,412 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 93,029 |
3.70%, 03/15/32 (a) | 150,000 | 131,004 |
Bon Secours Mercy Health, Inc. | ||
2.10%, 06/01/31 (a) | 100,000 | 79,294 |
3.21%, 06/01/50 (a) | 100,000 | 70,612 |
Boston Scientific Corp. | ||
1.90%, 06/01/25 (a) | 200,000 | 186,066 |
2.65%, 06/01/30 (a) | 150,000 | 128,432 |
6.75%, 11/15/35 (f) | 100,000 | 110,222 |
4.55%, 03/01/39 (a) | 150,000 | 135,935 |
4.70%, 03/01/49 (a) | 150,000 | 136,391 |
Bristol-Myers Squibb Co. | ||
2.90%, 07/26/24 (a) | 300,000 | 290,847 |
3.88%, 08/15/25 (a) | 91,000 | 87,925 |
0.75%, 11/13/25 (a) | 150,000 | 134,550 |
3.20%, 06/15/26 (a) | 350,000 | 331,520 |
3.25%, 02/27/27 | 150,000 | 141,999 |
1.13%, 11/13/27 (a) | 250,000 | 212,520 |
3.90%, 02/20/28 (a) | 300,000 | 287,682 |
3.40%, 07/26/29 (a) | 500,000 | 458,940 |
1.45%, 11/13/30 (a) | 150,000 | 118,419 |
2.95%, 03/15/32 (a) | 350,000 | 302,435 |
4.13%, 06/15/39 (a) | 200,000 | 178,958 |
2.35%, 11/13/40 (a) | 150,000 | 102,732 |
3.55%, 03/15/42 (a) | 250,000 | 203,150 |
3.25%, 08/01/42 | 100,000 | 76,978 |
4.63%, 05/15/44 (a) | 150,000 | 139,290 |
5.00%, 08/15/45 (a) | 100,000 | 97,600 |
4.35%, 11/15/47 (a) | 250,000 | 220,872 |
4.55%, 02/20/48 (a) | 250,000 | 227,725 |
4.25%, 10/26/49 (a) | 700,000 | 605,045 |
2.55%, 11/13/50 (a) | 200,000 | 127,052 |
3.70%, 03/15/52 (a) | 350,000 | 276,874 |
3.90%, 03/15/62 (a) | 200,000 | 156,722 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 150,000 | 132,296 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 100,000 | 93,273 |
2.40%, 08/18/31 (a) | 150,000 | 110,492 |
5.10%, 04/01/52 (a) | 75,000 | 54,854 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 100,000 | 91,224 |
3.25%, 08/15/26 (a) | 150,000 | 139,783 |
3.75%, 09/25/27 (a) | 150,000 | 141,084 |
2.75%, 05/14/31 (a) | 150,000 | 123,549 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 100,000 | 97,485 |
3.30%, 03/19/25 (a) | 150,000 | 144,219 |
4.15%, 03/15/28 (a) | 150,000 | 143,197 |
4.80%, 03/15/48 (a) | 100,000 | 89,289 |
3.13%, 04/24/50 (a) | 200,000 | 135,890 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 200,000 | 193,770 |
3.75%, 09/15/25 (a) | 130,000 | 124,972 |
3.41%, 06/15/27 (a) | 250,000 | 233,172 |
4.50%, 11/15/44 (a) | 100,000 | 83,092 |
4.90%, 09/15/45 (a) | 80,000 | 69,358 |
4.37%, 06/15/47 (a) | 100,000 | 80,535 |
Catholic Health Services of Long Island Obligated Group | ||
3.37%, 07/01/50 (a) | 50,000 | 35,804 |
Children's Health System of Texas | ||
2.51%, 08/15/50 (a) | 150,000 | 93,734 |
Children's Hospital | ||
2.93%, 07/15/50 (a) | 100,000 | 66,187 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 100,000 | 89,875 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 100,000 | 93,347 |
5.60%, 11/15/32 (a) | 100,000 | 103,814 |
3.95%, 08/01/47 (a) | 100,000 | 80,775 |
5.00%, 06/15/52 (a) | 100,000 | 95,419 |
Cigna Corp. | ||
3.50%, 06/15/24 (a) | 145,000 | 141,526 |
3.25%, 04/15/25 (a) | 200,000 | 191,978 |
4.13%, 11/15/25 (a) | 400,000 | 389,288 |
4.50%, 02/25/26 (a) | 194,000 | 189,728 |
1.25%, 03/15/26 (a) | 200,000 | 177,742 |
3.40%, 03/01/27 (a) | 142,000 | 132,983 |
3.05%, 10/15/27 (a) | 145,000 | 132,864 |
4.38%, 10/15/28 (a) | 660,000 | 633,983 |
2.40%, 03/15/30 (a) | 250,000 | 208,705 |
2.38%, 03/15/31 (a) | 250,000 | 203,737 |
4.80%, 08/15/38 (a) | 405,000 | 373,086 |
3.20%, 03/15/40 (a) | 150,000 | 112,221 |
6.13%, 11/15/41 | 100,000 | 107,546 |
4.80%, 07/15/46 (a) | 270,000 | 238,540 |
3.88%, 10/15/47 (a) | 145,000 | 110,986 |
4.90%, 12/15/48 (a) | 550,000 | 495,627 |
3.40%, 03/15/50 (a) | 200,000 | 140,846 |
3.40%, 03/15/51 (a) | 150,000 | 105,828 |
City of Hope | ||
5.62%, 11/15/43 | 100,000 | 98,922 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 100,000 | 96,674 |
Coca-Cola Femsa S.A.B. de CV | ||
2.75%, 01/22/30 (a) | 200,000 | 173,926 |
1.85%, 09/01/32 (a) | 100,000 | 76,194 |
5.25%, 11/26/43 | 150,000 | 149,977 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 100,000 | 98,092 |
3.10%, 08/15/27 (a) | 200,000 | 188,904 |
4.00%, 08/15/45 | 100,000 | 91,827 |
3.70%, 08/01/47 (a) | 100,000 | 88,211 |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 100,000 | 96,035 |
1.55%, 10/01/25 (a) | 125,000 | 113,355 |
6.07%, 11/01/27 (a) | 150,000 | 153,483 |
3.35%, 10/01/29 (a) | 150,000 | 130,731 |
4.35%, 11/01/42 | 150,000 | 127,070 |
3.82%, 10/01/49 (a) | 150,000 | 114,192 |
4.19%, 10/01/49 (a) | 200,000 | 160,458 |
3.91%, 10/01/50 (a) | 100,000 | 76,456 |
6.46%, 11/01/52 (a) | 100,000 | 112,261 |
Community Health Network, Inc. | ||
3.10%, 05/01/50 (a) | 150,000 | 99,519 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 200,000 | 197,282 |
4.60%, 11/01/25 (a) | 150,000 | 147,063 |
1.38%, 11/01/27 (a) | 250,000 | 208,192 |
4.85%, 11/01/28 (a) | 250,000 | 242,435 |
5.30%, 11/01/38 (a) | 100,000 | 93,265 |
5.40%, 11/01/48 (a) | 200,000 | 182,882 |
Constellation Brands, Inc. | ||
4.75%, 11/15/24 | 150,000 | 148,557 |
4.40%, 11/15/25 (a) | 100,000 | 97,742 |
4.75%, 12/01/25 | 100,000 | 98,886 |
3.70%, 12/06/26 (a) | 250,000 | 236,380 |
3.50%, 05/09/27 (a) | 100,000 | 94,175 |
3.15%, 08/01/29 (a) | 50,000 | 43,915 |
2.88%, 05/01/30 (a) | 200,000 | 169,982 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.75%, 05/09/32 (a) | 150,000 | 142,858 |
4.50%, 05/09/47 (a) | 150,000 | 126,131 |
5.25%, 11/15/48 (a) | 150,000 | 140,083 |
3.75%, 05/01/50 (a) | 150,000 | 112,640 |
Cottage Health Obligated Group | ||
3.30%, 11/01/49 (a) | 100,000 | 72,855 |
CVS Health Corp. | ||
3.38%, 08/12/24 (a) | 80,000 | 77,769 |
2.63%, 08/15/24 (a) | 150,000 | 144,513 |
4.10%, 03/25/25 (a) | 200,000 | 196,070 |
3.88%, 07/20/25 (a) | 500,000 | 484,550 |
5.00%, 02/20/26 (a) | 250,000 | 248,712 |
2.88%, 06/01/26 (a) | 300,000 | 279,177 |
3.00%, 08/15/26 (a) | 200,000 | 185,822 |
3.63%, 04/01/27 (a) | 150,000 | 141,381 |
1.30%, 08/21/27 (a) | 400,000 | 337,264 |
4.30%, 03/25/28 (a) | 945,000 | 903,807 |
3.25%, 08/15/29 (a) | 300,000 | 265,293 |
5.13%, 02/21/30 (a) | 250,000 | 245,552 |
3.75%, 04/01/30 (a) | 300,000 | 271,251 |
1.75%, 08/21/30 (a) | 250,000 | 195,477 |
1.88%, 02/28/31 (a) | 250,000 | 194,482 |
2.13%, 09/15/31 (a) | 200,000 | 156,978 |
5.25%, 02/21/33 (a) | 250,000 | 246,152 |
4.88%, 07/20/35 (a) | 100,000 | 94,068 |
4.78%, 03/25/38 (a) | 900,000 | 818,100 |
6.13%, 09/15/39 | 50,000 | 51,054 |
4.13%, 04/01/40 (a) | 200,000 | 164,520 |
2.70%, 08/21/40 (a) | 200,000 | 135,608 |
5.30%, 12/05/43 (a) | 100,000 | 93,571 |
5.13%, 07/20/45 (a) | 600,000 | 541,974 |
5.05%, 03/25/48 (a) | 1,400,000 | 1,257,004 |
4.25%, 04/01/50 (a) | 150,000 | 120,174 |
5.63%, 02/21/53 (a) | 200,000 | 193,748 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 50,000 | 47,958 |
4.38%, 09/15/45 (a) | 100,000 | 88,712 |
2.60%, 10/01/50 (a) | 200,000 | 128,128 |
2.80%, 12/10/51 (a) | 200,000 | 132,394 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 150,000 | 128,132 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 100,000 | 95,206 |
2.60%, 11/15/29 (a) | 100,000 | 86,416 |
3.25%, 11/15/39 (a) | 150,000 | 119,900 |
3.40%, 11/15/49 (a) | 150,000 | 113,642 |
Diageo Capital PLC | ||
2.13%, 10/24/24 (a) | 200,000 | 190,176 |
1.38%, 09/29/25 (a) | 200,000 | 182,088 |
3.88%, 05/18/28 (a) | 200,000 | 191,060 |
2.38%, 10/24/29 (a) | 200,000 | 169,590 |
2.00%, 04/29/30 (a) | 250,000 | 205,782 |
2.13%, 04/29/32 (a) | 200,000 | 159,426 |
5.50%, 01/24/33 (a) | 200,000 | 207,690 |
3.88%, 04/29/43 (a) | 100,000 | 83,946 |
Diageo Investment Corp. | ||
4.25%, 05/11/42 | 150,000 | 136,403 |
Dignity Health | ||
4.50%, 11/01/42 | 50,000 | 43,078 |
5.27%, 11/01/64 | 50,000 | 46,299 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 150,000 | 127,065 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 100,000 | 96,044 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 100,000 | 95,106 |
3.10%, 05/15/27 (a) | 100,000 | 93,708 |
3.38%, 03/15/29 (a) | 200,000 | 185,820 |
3.70%, 03/01/45 (a) | 100,000 | 84,993 |
3.95%, 05/15/47 (a) | 50,000 | 44,543 |
3.95%, 03/15/49 (a) | 200,000 | 177,698 |
2.25%, 05/15/50 (a) | 200,000 | 125,930 |
4.15%, 03/15/59 (a) | 150,000 | 131,301 |
2.50%, 09/15/60 (a) | 100,000 | 60,864 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 100,000 | 80,457 |
Fomento Economico Mexicano S.A.B. de CV | ||
4.38%, 05/10/43 | 200,000 | 176,568 |
3.50%, 01/16/50 (a) | 300,000 | 229,233 |
Franciscan Missionaries of Our Lady Health System, Inc. | ||
3.91%, 07/01/49 (a) | 50,000 | 38,474 |
GE HealthCare Technologies, Inc. | ||
5.55%, 11/15/24 (c) | 200,000 | 199,594 |
5.60%, 11/15/25 (a)(c) | 300,000 | 300,627 |
5.65%, 11/15/27 (a)(c) | 300,000 | 304,233 |
5.86%, 03/15/30 (a)(c) | 200,000 | 204,472 |
5.91%, 11/22/32 (a)(c) | 300,000 | 310,140 |
6.38%, 11/22/52 (a)(c) | 200,000 | 216,194 |
General Mills, Inc. | ||
4.20%, 04/17/28 (a) | 375,000 | 360,090 |
2.88%, 04/15/30 (a) | 150,000 | 129,927 |
2.25%, 10/14/31 (a) | 150,000 | 120,339 |
5.40%, 06/15/40 | 150,000 | 149,808 |
3.00%, 02/01/51 (a) | 150,000 | 105,749 |
Gilead Sciences, Inc. | ||
3.50%, 02/01/25 (a) | 400,000 | 387,520 |
3.65%, 03/01/26 (a) | 500,000 | 477,695 |
2.95%, 03/01/27 (a) | 200,000 | 185,280 |
1.20%, 10/01/27 (a) | 150,000 | 126,795 |
1.65%, 10/01/30 (a) | 200,000 | 158,310 |
4.60%, 09/01/35 (a) | 200,000 | 190,328 |
4.00%, 09/01/36 (a) | 100,000 | 88,316 |
2.60%, 10/01/40 (a) | 200,000 | 139,686 |
5.65%, 12/01/41 (a) | 224,000 | 230,290 |
4.80%, 04/01/44 (a) | 300,000 | 277,062 |
4.50%, 02/01/45 (a) | 350,000 | 308,472 |
4.75%, 03/01/46 (a) | 370,000 | 335,568 |
4.15%, 03/01/47 (a) | 300,000 | 251,292 |
2.80%, 10/01/50 (a) | 250,000 | 162,665 |
GlaxoSmithKline Capital PLC | ||
3.00%, 06/01/24 (a) | 200,000 | 194,910 |
3.38%, 06/01/29 (a) | 200,000 | 183,064 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 150,000 | 145,597 |
3.88%, 05/15/28 | 400,000 | 381,336 |
6.38%, 05/15/38 | 363,000 | 410,709 |
4.20%, 03/18/43 | 100,000 | 86,977 |
GSK Consumer Healthcare Capital US LLC | ||
3.13%, 03/24/25 | 250,000 | 238,127 |
3.38%, 03/24/27 (a) | 400,000 | 372,060 |
3.38%, 03/24/29 (a) | 250,000 | 222,597 |
3.63%, 03/24/32 (a) | 400,000 | 350,004 |
Hackensack Meridian Health, Inc. | ||
2.68%, 09/01/41 (a) | 200,000 | 142,774 |
2.88%, 09/01/50 (a) | 100,000 | 67,120 |
4.50%, 07/01/57 (a) | 50,000 | 44,918 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 75,000 | 54,155 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 100,000 | 95,978 |
3.55%, 11/19/26 (a) | 150,000 | 139,638 |
3.50%, 09/15/27 (a) | 100,000 | 91,732 |
3.90%, 11/19/29 (a) | 100,000 | 88,327 |
6.35%, 03/15/40 | 50,000 | 48,980 |
5.10%, 05/15/44 (a) | 50,000 | 42,325 |
HCA, Inc. | ||
5.00%, 03/15/24 | 200,000 | 198,740 |
5.38%, 02/01/25 | 500,000 | 495,390 |
5.25%, 04/15/25 | 300,000 | 297,150 |
5.88%, 02/15/26 (a) | 250,000 | 250,060 |
5.25%, 06/15/26 (a) | 250,000 | 246,505 |
5.38%, 09/01/26 (a) | 200,000 | 197,120 |
4.50%, 02/15/27 (a) | 200,000 | 191,706 |
3.13%, 03/15/27 (a)(c) | 200,000 | 182,102 |
5.63%, 09/01/28 (a) | 250,000 | 247,272 |
5.88%, 02/01/29 (a) | 200,000 | 200,096 |
3.38%, 03/15/29 (a)(c) | 100,000 | 87,670 |
4.13%, 06/15/29 (a) | 350,000 | 318,867 |
3.50%, 09/01/30 (a) | 500,000 | 430,165 |
2.38%, 07/15/31 (a) | 200,000 | 155,798 |
3.63%, 03/15/32 (a)(c) | 400,000 | 338,388 |
5.13%, 06/15/39 (a) | 150,000 | 133,644 |
4.38%, 03/15/42 (a)(c) | 100,000 | 80,296 |
5.50%, 06/15/47 (a) | 200,000 | 180,310 |
5.25%, 06/15/49 (a) | 350,000 | 303,002 |
3.50%, 07/15/51 (a) | 150,000 | 98,081 |
4.63%, 03/15/52 (a)(c) | 350,000 | 275,733 |
Hormel Foods Corp. | ||
0.65%, 06/03/24 (a) | 150,000 | 141,658 |
1.70%, 06/03/28 (a) | 150,000 | 128,492 |
1.80%, 06/11/30 (a) | 150,000 | 121,812 |
3.05%, 06/03/51 (a) | 150,000 | 104,981 |
IHC Health Services, Inc. | ||
4.13%, 05/15/48 (a) | 150,000 | 128,258 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 100,597 |
2.55%, 03/23/31 (a) | 150,000 | 120,176 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 55,000 | 46,275 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 150,000 | 128,100 |
3.90%, 06/01/50 (a) | 100,000 | 74,588 |
Integris Baptist Medical Center, Inc. | ||
3.88%, 08/15/50 (a) | 100,000 | 74,904 |
JBS USA LUX S.A. | ||
2.50%, 01/15/27 (a)(c) | 250,000 | 217,967 |
5.13%, 02/01/28 (a)(c) | 200,000 | 190,734 |
5.50%, 01/15/30 (a)(c) | 250,000 | 235,910 |
3.63%, 01/15/32 (a)(c) | 200,000 | 160,508 |
3.00%, 05/15/32 (a)(c) | 250,000 | 190,722 |
5.75%, 04/01/33 (a)(c) | 300,000 | 280,689 |
4.38%, 02/02/52 (a)(c) | 150,000 | 107,828 |
6.50%, 12/01/52 (a)(c) | 300,000 | 285,216 |
Johnson & Johnson | ||
2.63%, 01/15/25 (a) | 100,000 | 96,071 |
0.55%, 09/01/25 (a) | 150,000 | 135,770 |
2.45%, 03/01/26 (a) | 200,000 | 187,434 |
2.95%, 03/03/27 (a) | 200,000 | 188,478 |
0.95%, 09/01/27 (a) | 400,000 | 342,836 |
2.90%, 01/15/28 (a) | 200,000 | 186,068 |
1.30%, 09/01/30 (a) | 400,000 | 321,684 |
4.38%, 12/05/33 (a) | 150,000 | 148,332 |
3.55%, 03/01/36 (a) | 200,000 | 177,182 |
3.63%, 03/03/37 (a) | 200,000 | 176,864 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.95%, 08/15/37 | 200,000 | 222,452 |
3.40%, 01/15/38 (a) | 150,000 | 127,805 |
5.85%, 07/15/38 | 200,000 | 222,708 |
2.10%, 09/01/40 (a) | 250,000 | 171,902 |
4.50%, 09/01/40 | 150,000 | 144,388 |
3.70%, 03/01/46 (a) | 230,000 | 194,286 |
3.75%, 03/03/47 (a) | 200,000 | 170,522 |
3.50%, 01/15/48 (a) | 150,000 | 123,848 |
2.25%, 09/01/50 (a) | 200,000 | 127,278 |
2.45%, 09/01/60 (a) | 250,000 | 153,657 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 100,000 | 94,035 |
2.81%, 06/01/41 (a) | 250,000 | 183,700 |
4.88%, 04/01/42 | 150,000 | 147,025 |
4.15%, 05/01/47 (a) | 250,000 | 219,842 |
3.27%, 11/01/49 (a) | 150,000 | 111,858 |
3.00%, 06/01/51 (a) | 250,000 | 174,377 |
Kellogg Co. | ||
3.25%, 04/01/26 | 150,000 | 141,684 |
3.40%, 11/15/27 (a) | 100,000 | 93,425 |
4.30%, 05/15/28 (a) | 100,000 | 97,269 |
2.10%, 06/01/30 (a) | 150,000 | 122,238 |
7.45%, 04/01/31 | 100,000 | 113,339 |
4.50%, 04/01/46 | 100,000 | 87,374 |
Keurig Dr Pepper, Inc. | ||
0.75%, 03/15/24 (a) | 100,000 | 95,164 |
4.42%, 05/25/25 (a) | 150,000 | 147,118 |
2.55%, 09/15/26 (a) | 100,000 | 91,492 |
4.60%, 05/25/28 (a) | 300,000 | 291,369 |
3.95%, 04/15/29 (a) | 175,000 | 162,050 |
3.20%, 05/01/30 (a) | 200,000 | 174,292 |
2.25%, 03/15/31 (a) | 100,000 | 80,325 |
4.05%, 04/15/32 (a) | 200,000 | 181,070 |
4.50%, 11/15/45 (a) | 150,000 | 128,580 |
4.42%, 12/15/46 (a) | 50,000 | 41,680 |
3.80%, 05/01/50 (a) | 150,000 | 112,652 |
4.50%, 04/15/52 (a) | 200,000 | 167,776 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 150,000 | 141,906 |
1.05%, 09/15/27 (a) | 50,000 | 42,513 |
3.95%, 11/01/28 (a) | 200,000 | 192,172 |
3.20%, 04/25/29 (a) | 100,000 | 91,250 |
3.10%, 03/26/30 (a) | 250,000 | 224,520 |
2.00%, 11/02/31 (a) | 150,000 | 121,274 |
3.20%, 07/30/46 (a) | 100,000 | 74,280 |
3.90%, 05/04/47 (a) | 100,000 | 83,724 |
2.88%, 02/07/50 (a) | 100,000 | 70,773 |
Koninklijke Ahold Delhaize N.V. | ||
5.70%, 10/01/40 | 38,000 | 38,291 |
Koninklijke Philips N.V. | ||
6.88%, 03/11/38 | 150,000 | 165,640 |
5.00%, 03/15/42 | 95,000 | 86,702 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 450,000 | 418,990 |
3.88%, 05/15/27 (a) | 250,000 | 237,770 |
3.75%, 04/01/30 (a) | 50,000 | 45,738 |
4.25%, 03/01/31 (a) | 200,000 | 187,388 |
6.50%, 02/09/40 | 250,000 | 263,910 |
5.00%, 06/04/42 | 200,000 | 182,020 |
5.20%, 07/15/45 (a) | 250,000 | 231,237 |
4.38%, 06/01/46 (a) | 450,000 | 368,509 |
4.88%, 10/01/49 (a) | 250,000 | 220,237 |
5.50%, 06/01/50 (a) | 200,000 | 192,050 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 100,000 | 96,855 |
2.30%, 12/01/24 (a) | 100,000 | 94,612 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.60%, 02/01/25 (a) | 150,000 | 144,777 |
3.60%, 09/01/27 (a) | 150,000 | 142,254 |
2.95%, 12/01/29 (a) | 100,000 | 85,844 |
2.70%, 06/01/31 (a) | 150,000 | 124,904 |
4.70%, 02/01/45 (a) | 150,000 | 128,565 |
Mass General Brigham, Inc. | ||
3.77%, 07/01/48 (a) | 100,000 | 81,391 |
4.12%, 07/01/55 | 100,000 | 83,766 |
3.34%, 07/01/60 (a) | 100,000 | 70,256 |
Mayo Clinic | ||
4.00%, 11/15/47 | 100,000 | 85,110 |
3.20%, 11/15/61 (a) | 150,000 | 102,393 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 150,000 | 145,078 |
0.90%, 02/15/26 (a) | 200,000 | 176,078 |
3.40%, 08/15/27 (a) | 150,000 | 139,347 |
1.85%, 02/15/31 (a) | 100,000 | 77,521 |
4.20%, 08/15/47 (a) | 50,000 | 41,394 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 100,000 | 98,423 |
0.90%, 12/03/25 (a) | 200,000 | 179,032 |
3.95%, 02/16/28 (a) | 100,000 | 94,698 |
McLaren Health Care Corp. | ||
Series A 4.39%, 05/15/48 (a) | 100,000 | 87,690 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 150,000 | 146,257 |
5.90%, 11/01/39 | 150,000 | 157,708 |
Medtronic, Inc. | ||
4.38%, 03/15/35 | 400,000 | 379,640 |
4.63%, 03/15/45 | 325,000 | 303,625 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 100,000 | 99,477 |
4.20%, 07/01/55 | 190,000 | 163,637 |
Merck & Co., Inc. | ||
2.75%, 02/10/25 (a) | 380,000 | 364,618 |
0.75%, 02/24/26 (a) | 250,000 | 221,387 |
1.70%, 06/10/27 (a) | 300,000 | 265,074 |
1.90%, 12/10/28 (a) | 200,000 | 171,600 |
3.40%, 03/07/29 (a) | 350,000 | 325,234 |
1.45%, 06/24/30 (a) | 250,000 | 200,162 |
2.15%, 12/10/31 (a) | 400,000 | 326,468 |
6.55%, 09/15/37 | 100,000 | 114,087 |
3.90%, 03/07/39 (a) | 200,000 | 175,216 |
2.35%, 06/24/40 (a) | 100,000 | 69,691 |
3.60%, 09/15/42 (a) | 100,000 | 81,720 |
4.15%, 05/18/43 | 200,000 | 178,876 |
3.70%, 02/10/45 (a) | 400,000 | 329,932 |
4.00%, 03/07/49 (a) | 300,000 | 256,704 |
2.45%, 06/24/50 (a) | 250,000 | 159,297 |
2.75%, 12/10/51 (a) | 400,000 | 267,672 |
2.90%, 12/10/61 (a) | 250,000 | 160,540 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 350,000 | 323,809 |
5.00%, 05/01/42 | 200,000 | 179,854 |
4.20%, 07/15/46 (a) | 330,000 | 257,826 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 175,000 | 161,481 |
2.63%, 03/17/27 (a) | 150,000 | 137,048 |
2.75%, 04/13/30 (a) | 150,000 | 128,960 |
1.50%, 02/04/31 (a) | 150,000 | 115,637 |
3.00%, 03/17/32 (a) | 150,000 | 126,894 |
1.88%, 10/15/32 (a) | 150,000 | 114,258 |
2.63%, 09/04/50 (a) | 150,000 | 94,994 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Montefiore Obligated Group | ||
4.29%, 09/01/50 | 100,000 | 62,277 |
Mount Sinai Hospitals Group, Inc. | ||
3.74%, 07/01/49 (a) | 100,000 | 78,683 |
3.39%, 07/01/50 (a) | 150,000 | 105,047 |
MultiCare Health System | ||
2.80%, 08/15/50 (a) | 100,000 | 60,580 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 150,000 | 140,493 |
5.40%, 11/29/43 (a) | 100,000 | 81,048 |
5.20%, 04/15/48 (a) | 100,000 | 76,655 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 45,000 | 35,132 |
4.26%, 11/01/47 (a) | 150,000 | 123,671 |
3.81%, 11/01/49 (a) | 100,000 | 75,714 |
Novant Health, Inc. | ||
2.64%, 11/01/36 (a) | 100,000 | 75,650 |
3.17%, 11/01/51 (a) | 100,000 | 70,620 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 350,000 | 342,870 |
1.75%, 02/14/25 (a) | 250,000 | 234,855 |
3.00%, 11/20/25 (a) | 250,000 | 238,025 |
2.00%, 02/14/27 (a) | 200,000 | 181,094 |
3.10%, 05/17/27 (a) | 200,000 | 188,112 |
2.20%, 08/14/30 (a) | 250,000 | 211,467 |
3.70%, 09/21/42 | 100,000 | 84,758 |
4.40%, 05/06/44 | 350,000 | 325,276 |
4.00%, 11/20/45 (a) | 225,000 | 196,794 |
2.75%, 08/14/50 (a) | 200,000 | 139,220 |
NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | ||
Series 2020 2.67%, 10/01/50 (a) | 50,000 | 31,999 |
NYU Langone Hospitals | ||
4.78%, 07/01/44 | 100,000 | 92,785 |
4.37%, 07/01/47 (a) | 100,000 | 87,696 |
3.38%, 07/01/55 (a) | 150,000 | 105,885 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 150,000 | 121,904 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 50,000 | 41,843 |
3.33%, 10/01/50 (a) | 100,000 | 72,142 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 50,000 | 44,867 |
4.79%, 11/15/48 (a) | 75,000 | 68,176 |
3.22%, 11/15/50 (a) | 100,000 | 68,655 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 300,000 | 284,463 |
2.75%, 04/30/25 (a) | 150,000 | 143,299 |
3.50%, 07/17/25 (a) | 150,000 | 145,309 |
2.85%, 02/24/26 (a) | 100,000 | 94,560 |
2.38%, 10/06/26 (a) | 250,000 | 230,790 |
2.63%, 03/19/27 (a) | 150,000 | 138,831 |
3.00%, 10/15/27 (a) | 250,000 | 232,827 |
7.00%, 03/01/29 | 150,000 | 168,931 |
2.63%, 07/29/29 (a) | 250,000 | 221,035 |
2.75%, 03/19/30 (a) | 350,000 | 308,759 |
1.63%, 05/01/30 (a) | 200,000 | 162,574 |
1.40%, 02/25/31 (a) | 200,000 | 157,148 |
1.95%, 10/21/31 (a) | 250,000 | 201,502 |
3.90%, 07/18/32 (a) | 200,000 | 188,246 |
3.50%, 03/19/40 (a) | 50,000 | 41,518 |
2.63%, 10/21/41 (a) | 150,000 | 110,252 |
3.60%, 08/13/42 | 150,000 | 126,488 |
4.45%, 04/14/46 (a) | 200,000 | 190,584 |
3.45%, 10/06/46 (a) | 150,000 | 121,791 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 05/02/47 (a) | 100,000 | 89,079 |
3.38%, 07/29/49 (a) | 150,000 | 119,718 |
2.88%, 10/15/49 (a) | 150,000 | 108,302 |
3.63%, 03/19/50 (a) | 200,000 | 165,088 |
2.75%, 10/21/51 (a) | 150,000 | 104,561 |
4.20%, 07/18/52 (a) | 100,000 | 90,959 |
3.88%, 03/19/60 (a) | 200,000 | 169,148 |
PerkinElmer, Inc. | ||
0.85%, 09/15/24 (a) | 150,000 | 139,655 |
1.90%, 09/15/28 (a) | 100,000 | 83,290 |
3.30%, 09/15/29 (a) | 150,000 | 129,648 |
2.55%, 03/15/31 (a) | 100,000 | 80,414 |
2.25%, 09/15/31 (a) | 150,000 | 116,399 |
Pfizer, Inc. | ||
0.80%, 05/28/25 (a) | 250,000 | 229,355 |
2.75%, 06/03/26 | 300,000 | 281,994 |
3.00%, 12/15/26 | 350,000 | 329,367 |
3.60%, 09/15/28 (a) | 200,000 | 190,384 |
3.45%, 03/15/29 (a) | 300,000 | 279,771 |
2.63%, 04/01/30 (a) | 200,000 | 174,712 |
1.70%, 05/28/30 (a) | 200,000 | 163,606 |
1.75%, 08/18/31 (a) | 275,000 | 218,949 |
4.00%, 12/15/36 | 150,000 | 137,220 |
4.10%, 09/15/38 (a) | 150,000 | 135,587 |
3.90%, 03/15/39 (a) | 50,000 | 43,771 |
7.20%, 03/15/39 | 460,000 | 560,952 |
2.55%, 05/28/40 (a) | 200,000 | 144,442 |
5.60%, 09/15/40 | 50,000 | 52,436 |
4.30%, 06/15/43 | 100,000 | 91,143 |
4.40%, 05/15/44 | 180,000 | 166,696 |
4.13%, 12/15/46 | 200,000 | 175,716 |
4.20%, 09/15/48 (a) | 200,000 | 178,496 |
4.00%, 03/15/49 (a) | 250,000 | 216,765 |
2.70%, 05/28/50 (a) | 200,000 | 136,840 |
Philip Morris International, Inc. | ||
2.88%, 05/01/24 (a) | 150,000 | 145,711 |
3.25%, 11/10/24 | 80,000 | 77,562 |
5.13%, 11/15/24 | 100,000 | 99,729 |
1.50%, 05/01/25 (a) | 175,000 | 162,043 |
3.38%, 08/11/25 (a) | 130,000 | 124,705 |
5.00%, 11/17/25 | 400,000 | 398,076 |
4.88%, 02/13/26 | 200,000 | 197,768 |
0.88%, 05/01/26 (a) | 150,000 | 131,321 |
5.13%, 11/17/27 (a) | 300,000 | 298,905 |
3.13%, 03/02/28 (a) | 100,000 | 91,549 |
3.38%, 08/15/29 (a) | 150,000 | 134,960 |
5.63%, 11/17/29 (a) | 250,000 | 253,490 |
5.13%, 02/15/30 (a) | 250,000 | 244,847 |
2.10%, 05/01/30 (a) | 150,000 | 121,511 |
1.75%, 11/01/30 (a) | 150,000 | 116,366 |
5.75%, 11/17/32 (a) | 300,000 | 303,909 |
5.38%, 02/15/33 (a) | 200,000 | 196,774 |
6.38%, 05/16/38 | 250,000 | 264,337 |
4.38%, 11/15/41 | 200,000 | 165,950 |
4.50%, 03/20/42 | 100,000 | 83,707 |
3.88%, 08/21/42 | 100,000 | 76,298 |
4.13%, 03/04/43 | 175,000 | 138,535 |
4.88%, 11/15/43 | 100,000 | 87,353 |
4.25%, 11/10/44 | 200,000 | 159,610 |
Piedmont Healthcare, Inc. | ||
2.72%, 01/01/42 (a) | 200,000 | 139,704 |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a) | 200,000 | 167,478 |
3.50%, 03/01/32 (a) | 150,000 | 116,993 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 200,000 | 169,462 |
3.93%, 10/01/48 (a) | 100,000 | 78,931 |
2.70%, 10/01/51 (a) | 150,000 | 90,033 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 150,000 | 144,423 |
3.45%, 06/01/26 (a) | 150,000 | 142,146 |
4.20%, 06/30/29 (a) | 100,000 | 94,663 |
2.95%, 06/30/30 (a) | 150,000 | 129,377 |
2.80%, 06/30/31 (a) | 200,000 | 167,934 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 250,000 | 194,857 |
2.80%, 09/15/50 (a) | 150,000 | 94,266 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 495,000 | 481,863 |
5.70%, 08/15/35 (a) | 150,000 | 136,647 |
7.25%, 06/15/37 | 50,000 | 53,015 |
6.15%, 09/15/43 | 100,000 | 91,744 |
5.85%, 08/15/45 (a) | 350,000 | 301,122 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 250,000 | 223,937 |
1.75%, 09/02/27 (a) | 200,000 | 169,582 |
2.20%, 09/02/30 (a) | 200,000 | 156,972 |
2.15%, 09/02/31 (a) | 150,000 | 114,240 |
3.30%, 09/02/40 (a) | 200,000 | 139,654 |
3.55%, 09/02/50 (a) | 150,000 | 97,914 |
3.35%, 09/02/51 (a) | 50,000 | 31,135 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 100,000 | 91,906 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 40,000 | 33,234 |
Sanofi | ||
3.63%, 06/19/28 (a) | 250,000 | 237,567 |
Sharp HealthCare | ||
2.68%, 08/01/50 (a) | 50,000 | 31,412 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 485,000 | 451,540 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 250,000 | 196,745 |
Spectrum Health System Obligated Group | ||
3.49%, 07/15/49 (a) | 50,000 | 37,817 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 100,000 | 89,872 |
3.80%, 11/15/48 (a) | 150,000 | 123,165 |
STERIS Irish FinCo Unlimited Co. | ||
2.70%, 03/15/31 (a) | 150,000 | 123,590 |
3.75%, 03/15/51 (a) | 150,000 | 108,320 |
Stryker Corp. | ||
1.15%, 06/15/25 (a) | 200,000 | 182,354 |
3.38%, 11/01/25 (a) | 150,000 | 143,511 |
3.50%, 03/15/26 (a) | 150,000 | 143,464 |
3.65%, 03/07/28 (a) | 150,000 | 141,484 |
1.95%, 06/15/30 (a) | 250,000 | 203,467 |
4.38%, 05/15/44 (a) | 100,000 | 85,998 |
4.63%, 03/15/46 (a) | 150,000 | 133,329 |
2.90%, 06/15/50 (a) | 200,000 | 135,484 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 100,000 | 90,507 |
2.29%, 08/15/30 (a) | 100,000 | 82,778 |
3.16%, 08/15/40 (a) | 100,000 | 75,785 |
4.09%, 08/15/48 (a) | 65,000 | 53,726 |
3.36%, 08/15/50 (a) | 150,000 | 108,051 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 100,000 | 96,339 |
3.30%, 07/15/26 (a) | 150,000 | 141,009 |
3.25%, 07/15/27 (a) | 150,000 | 138,785 |
2.40%, 02/15/30 (a) | 100,000 | 83,409 |
5.95%, 04/01/30 (a) | 200,000 | 207,510 |
2.45%, 12/14/31 (a) | 150,000 | 120,579 |
6.60%, 04/01/40 (a) | 75,000 | 80,372 |
4.85%, 10/01/45 (a) | 100,000 | 87,747 |
4.50%, 04/01/46 (a) | 150,000 | 125,792 |
4.45%, 03/15/48 (a) | 100,000 | 82,779 |
3.30%, 02/15/50 (a) | 100,000 | 68,899 |
6.60%, 04/01/50 (a) | 150,000 | 164,896 |
3.15%, 12/14/51 (a) | 150,000 | 98,702 |
Takeda Pharmaceutical Co., Ltd. | ||
5.00%, 11/26/28 (a) | 250,000 | 246,860 |
2.05%, 03/31/30 (a) | 500,000 | 408,130 |
3.03%, 07/09/40 (a) | 200,000 | 147,162 |
3.18%, 07/09/50 (a) | 450,000 | 308,623 |
3.38%, 07/09/60 (a) | 200,000 | 134,288 |
Texas Health Resources | ||
2.33%, 11/15/50 (a) | 200,000 | 119,002 |
The Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 100,000 | 87,719 |
2.59%, 02/01/50 (a) | 80,000 | 51,177 |
The Children's Hospital of Philadelphia | ||
2.70%, 07/01/50 (a) | 100,000 | 65,588 |
The Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 100,000 | 89,792 |
The Clorox Co. | ||
3.10%, 10/01/27 (a) | 150,000 | 139,002 |
3.90%, 05/15/28 (a) | 100,000 | 95,042 |
4.60%, 05/01/32 (a) | 200,000 | 191,654 |
The Coca-Cola Co. | ||
1.75%, 09/06/24 | 200,000 | 192,204 |
3.38%, 03/25/27 | 200,000 | 190,958 |
1.45%, 06/01/27 | 200,000 | 175,890 |
1.50%, 03/05/28 | 200,000 | 173,500 |
1.00%, 03/15/28 | 250,000 | 209,477 |
2.13%, 09/06/29 | 150,000 | 128,498 |
3.45%, 03/25/30 | 200,000 | 184,000 |
1.65%, 06/01/30 | 300,000 | 243,339 |
2.00%, 03/05/31 | 125,000 | 102,688 |
1.38%, 03/15/31 | 250,000 | 194,607 |
2.25%, 01/05/32 | 350,000 | 289,250 |
2.50%, 06/01/40 | 200,000 | 145,438 |
2.88%, 05/05/41 | 150,000 | 114,542 |
4.20%, 03/25/50 | 100,000 | 92,499 |
2.60%, 06/01/50 | 300,000 | 201,414 |
3.00%, 03/05/51 | 250,000 | 182,867 |
2.50%, 03/15/51 | 150,000 | 98,331 |
2.75%, 06/01/60 | 200,000 | 132,630 |
The Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 50,000 | 47,468 |
3.15%, 03/15/27 (a) | 100,000 | 94,357 |
2.38%, 12/01/29 (a) | 100,000 | 85,717 |
2.60%, 04/15/30 (a) | 150,000 | 130,407 |
1.95%, 03/15/31 (a) | 150,000 | 121,974 |
6.00%, 05/15/37 | 90,000 | 97,592 |
4.15%, 03/15/47 (a) | 100,000 | 87,469 |
3.13%, 12/01/49 (a) | 150,000 | 109,725 |
The Hershey Co. | ||
2.05%, 11/15/24 (a) | 100,000 | 95,260 |
0.90%, 06/01/25 (a) | 150,000 | 137,109 |
2.45%, 11/15/29 (a) | 100,000 | 87,016 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.13%, 11/15/49 (a) | 100,000 | 74,682 |
2.65%, 06/01/50 (a) | 100,000 | 67,456 |
The JM Smucker Co. | ||
3.50%, 03/15/25 | 237,000 | 228,468 |
2.38%, 03/15/30 (a) | 100,000 | 83,764 |
2.13%, 03/15/32 (a) | 250,000 | 196,945 |
4.38%, 03/15/45 | 100,000 | 85,408 |
3.55%, 03/15/50 (a) | 100,000 | 72,261 |
The Johns Hopkins Health System Corp. | ||
3.84%, 05/15/46 | 150,000 | 125,397 |
The Kroger Co. | ||
3.50%, 02/01/26 (a) | 200,000 | 190,384 |
2.65%, 10/15/26 (a) | 150,000 | 138,306 |
3.70%, 08/01/27 (a) | 100,000 | 94,430 |
4.50%, 01/15/29 (a) | 200,000 | 192,800 |
1.70%, 01/15/31 (a) | 100,000 | 76,415 |
6.90%, 04/15/38 | 50,000 | 54,530 |
5.40%, 07/15/40 (a) | 100,000 | 95,498 |
5.00%, 04/15/42 (a) | 100,000 | 90,617 |
3.88%, 10/15/46 (a) | 100,000 | 76,362 |
4.45%, 02/01/47 (a) | 200,000 | 167,628 |
4.65%, 01/15/48 (a) | 50,000 | 43,091 |
5.40%, 01/15/49 (a) | 100,000 | 95,446 |
3.95%, 01/15/50 (a) | 150,000 | 116,654 |
The Methodist Hospital | ||
2.71%, 12/01/50 (a) | 150,000 | 97,431 |
The New York & Presbyterian Hospital | ||
2.26%, 08/01/40 (a) | 100,000 | 68,474 |
4.02%, 08/01/45 | 150,000 | 128,312 |
2.61%, 08/01/60 (a) | 100,000 | 59,309 |
3.95%, 08/01/19 (a) | 100,000 | 72,014 |
The Procter & Gamble Co. | ||
0.55%, 10/29/25 | 125,000 | 112,519 |
2.70%, 02/02/26 | 150,000 | 141,847 |
1.00%, 04/23/26 | 250,000 | 222,737 |
2.45%, 11/03/26 | 241,000 | 222,645 |
1.90%, 02/01/27 | 200,000 | 182,096 |
2.80%, 03/25/27 | 100,000 | 93,300 |
2.85%, 08/11/27 | 150,000 | 139,768 |
3.95%, 01/26/28 | 100,000 | 97,707 |
3.00%, 03/25/30 | 300,000 | 271,734 |
1.20%, 10/29/30 | 150,000 | 118,349 |
1.95%, 04/23/31 | 150,000 | 125,214 |
2.30%, 02/01/32 | 200,000 | 168,976 |
5.55%, 03/05/37 | 150,000 | 163,854 |
3.55%, 03/25/40 | 100,000 | 86,045 |
3.50%, 10/25/47 | 100,000 | 82,723 |
3.60%, 03/25/50 | 175,000 | 148,235 |
Thermo Fisher Scientific, Inc. | ||
1.22%, 10/18/24 (a) | 500,000 | 468,720 |
1.75%, 10/15/28 (a) | 100,000 | 84,518 |
2.60%, 10/01/29 (a) | 150,000 | 129,906 |
2.00%, 10/15/31 (a) | 250,000 | 199,882 |
4.95%, 11/21/32 (a) | 150,000 | 149,652 |
2.80%, 10/15/41 (a) | 250,000 | 180,980 |
5.30%, 02/01/44 (a) | 45,000 | 45,569 |
4.10%, 08/15/47 (a) | 150,000 | 131,769 |
Trinity Health Corp. | ||
4.13%, 12/01/45 | 100,000 | 86,852 |
Tyson Foods, Inc. | ||
3.95%, 08/15/24 (a) | 200,000 | 196,256 |
4.00%, 03/01/26 (a) | 200,000 | 193,258 |
3.55%, 06/02/27 (a) | 250,000 | 233,975 |
4.35%, 03/01/29 (a) | 150,000 | 142,725 |
4.88%, 08/15/34 (a) | 50,000 | 47,704 |
5.15%, 08/15/44 (a) | 150,000 | 137,210 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.55%, 06/02/47 (a) | 100,000 | 83,779 |
5.10%, 09/28/48 (a) | 300,000 | 272,124 |
Unilever Capital Corp. | ||
2.60%, 05/05/24 (a) | 200,000 | 194,012 |
0.63%, 08/12/24 (a) | 100,000 | 93,632 |
3.38%, 03/22/25 (a) | 100,000 | 96,524 |
2.00%, 07/28/26 | 250,000 | 227,307 |
2.90%, 05/05/27 (a) | 250,000 | 232,830 |
3.50%, 03/22/28 (a) | 250,000 | 234,842 |
2.13%, 09/06/29 (a) | 150,000 | 126,467 |
1.38%, 09/14/30 (a) | 100,000 | 78,871 |
1.75%, 08/12/31 (a) | 150,000 | 118,886 |
5.90%, 11/15/32 | 100,000 | 108,555 |
2.63%, 08/12/51 (a) | 100,000 | 67,030 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 150,000 | 130,230 |
2.65%, 10/15/30 (a) | 225,000 | 182,155 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 400,000 | 374,380 |
5.25%, 06/15/46 (a) | 200,000 | 156,368 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 150,000 | 136,620 |
2.30%, 06/22/27 (a) | 100,000 | 86,517 |
2.70%, 06/22/30 (a) | 300,000 | 238,134 |
3.85%, 06/22/40 (a) | 300,000 | 205,200 |
4.00%, 06/22/50 (a) | 300,000 | 193,809 |
West Virginia United Health System Obligated Group | ||
3.13%, 06/01/50 (a) | 100,000 | 66,458 |
Whirlpool Corp. | ||
3.70%, 05/01/25 | 100,000 | 96,475 |
4.75%, 02/26/29 (a) | 100,000 | 95,727 |
2.40%, 05/15/31 (a) | 100,000 | 79,611 |
4.50%, 06/01/46 (a) | 100,000 | 78,946 |
4.60%, 05/15/50 (a) | 100,000 | 81,483 |
Willis-Knighton Medical Center | ||
3.07%, 03/01/51 (a) | 150,000 | 97,790 |
Wyeth LLC | ||
6.50%, 02/01/34 | 150,000 | 167,653 |
6.00%, 02/15/36 | 100,000 | 107,168 |
5.95%, 04/01/37 | 400,000 | 429,852 |
Yale-New Haven Health Services Corp. | ||
2.50%, 07/01/50 (a) | 150,000 | 92,916 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 350,000 | 336,864 |
3.05%, 01/15/26 (a) | 100,000 | 94,082 |
3.55%, 03/20/30 (a) | 100,000 | 87,728 |
4.45%, 08/15/45 (a) | 150,000 | 123,035 |
Zoetis, Inc. | ||
5.40%, 11/14/25 (a) | 100,000 | 100,652 |
3.00%, 09/12/27 (a) | 200,000 | 184,668 |
3.90%, 08/20/28 (a) | 100,000 | 94,798 |
2.00%, 05/15/30 (a) | 150,000 | 123,087 |
5.60%, 11/16/32 (a) | 150,000 | 155,431 |
4.70%, 02/01/43 (a) | 195,000 | 176,376 |
3.95%, 09/12/47 (a) | 100,000 | 81,609 |
4.45%, 08/20/48 (a) | 100,000 | 86,890 |
3.00%, 05/15/50 (a) | 100,000 | 68,201 |
157,037,067 | ||
Energy 1.6% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 200,000 | 184,776 |
3.14%, 11/07/29 (a) | 100,000 | 88,412 |
4.49%, 05/01/30 (a) | 150,000 | 142,425 |
4.08%, 12/15/47 (a) | 250,000 | 197,860 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Baker Hughes Holdings LLC | ||
5.13%, 09/15/40 | 200,000 | 188,910 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 350,000 | 344,739 |
4.80%, 05/03/29 (a) | 100,000 | 94,984 |
3.40%, 02/15/31 (a) | 100,000 | 85,165 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 100,000 | 97,848 |
3.41%, 02/11/26 (a) | 150,000 | 143,346 |
3.12%, 05/04/26 (a) | 200,000 | 189,016 |
3.02%, 01/16/27 (a) | 100,000 | 93,021 |
3.54%, 04/06/27 (a) | 100,000 | 94,663 |
3.59%, 04/14/27 (a) | 200,000 | 189,340 |
3.94%, 09/21/28 (a) | 150,000 | 142,877 |
4.23%, 11/06/28 (a) | 350,000 | 337,890 |
3.63%, 04/06/30 (a) | 300,000 | 275,025 |
1.75%, 08/10/30 (a) | 200,000 | 160,388 |
2.72%, 01/12/32 (a) | 350,000 | 293,433 |
3.06%, 06/17/41 (a) | 300,000 | 222,396 |
3.00%, 02/24/50 (a) | 400,000 | 272,520 |
2.77%, 11/10/50 (a) | 250,000 | 161,425 |
2.94%, 06/04/51 (a) | 300,000 | 199,827 |
3.00%, 03/17/52 (a) | 250,000 | 168,097 |
3.38%, 02/08/61 (a) | 400,000 | 276,512 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 350,000 | 326,375 |
3.72%, 11/28/28 (a) | 150,000 | 141,446 |
Burlington Resources LLC | ||
7.40%, 12/01/31 | 200,000 | 229,072 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 100,000 | 98,116 |
3.90%, 02/01/25 (a) | 130,000 | 126,105 |
2.05%, 07/15/25 (a) | 100,000 | 92,521 |
3.85%, 06/01/27 (a) | 250,000 | 234,885 |
6.45%, 06/30/33 | 195,000 | 199,758 |
6.25%, 03/15/38 | 180,000 | 181,471 |
6.75%, 02/01/39 | 150,000 | 156,955 |
4.95%, 06/01/47 (a) | 100,000 | 87,373 |
Cenovus Energy, Inc. | ||
2.65%, 01/15/32 (a) | 200,000 | 158,242 |
5.25%, 06/15/37 (a) | 200,000 | 183,320 |
6.75%, 11/15/39 | 150,000 | 157,143 |
5.40%, 06/15/47 (a) | 100,000 | 90,245 |
3.75%, 02/15/52 (a) | 150,000 | 106,397 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 300,000 | 301,104 |
5.13%, 06/30/27 (a) | 275,000 | 271,675 |
3.70%, 11/15/29 (a) | 200,000 | 180,320 |
2.74%, 12/31/39 (a) | 200,000 | 158,262 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 250,000 | 226,827 |
4.00%, 03/01/31 (a) | 250,000 | 216,380 |
3.25%, 01/31/32 (a) | 150,000 | 120,269 |
Cheniere Energy, Inc. | ||
4.63%, 10/15/28 (a) | 400,000 | 370,888 |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 150,000 | 146,692 |
1.55%, 05/11/25 (a) | 450,000 | 417,960 |
2.95%, 05/16/26 (a) | 400,000 | 376,720 |
2.00%, 05/11/27 (a) | 200,000 | 179,270 |
2.24%, 05/11/30 (a) | 100,000 | 85,532 |
3.08%, 05/11/50 (a) | 150,000 | 108,510 |
Chevron USA, Inc. | ||
3.90%, 11/15/24 (a) | 200,000 | 196,834 |
0.69%, 08/12/25 (a) | 100,000 | 90,276 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.02%, 08/12/27 (a) | 150,000 | 128,234 |
3.85%, 01/15/28 (a) | 200,000 | 192,540 |
3.25%, 10/15/29 (a) | 100,000 | 91,096 |
6.00%, 03/01/41 (a) | 50,000 | 55,191 |
5.25%, 11/15/43 (a) | 100,000 | 100,923 |
2.34%, 08/12/50 (a) | 150,000 | 93,668 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 200,000 | 195,914 |
5.80%, 06/01/45 (a) | 100,000 | 99,464 |
ConocoPhillips Co. | ||
3.35%, 11/15/24 (a) | 100,000 | 97,159 |
2.40%, 03/07/25 (a) | 200,000 | 189,442 |
6.95%, 04/15/29 | 200,000 | 219,612 |
5.90%, 10/15/32 | 100,000 | 107,283 |
6.50%, 02/01/39 | 300,000 | 339,210 |
3.76%, 03/15/42 (a) | 250,000 | 206,192 |
4.30%, 11/15/44 (a) | 150,000 | 130,544 |
4.88%, 10/01/47 (a) | 100,000 | 94,119 |
3.80%, 03/15/52 (a) | 200,000 | 158,972 |
4.03%, 03/15/62 (a) | 407,000 | 322,934 |
Continental Resources, Inc. | ||
3.80%, 06/01/24 (a) | 50,000 | 48,807 |
4.38%, 01/15/28 (a) | 250,000 | 231,987 |
4.90%, 06/01/44 (a) | 100,000 | 75,073 |
Coterra Energy, Inc. | ||
4.38%, 03/15/29 (a) | 100,000 | 92,445 |
DCP Midstream Operating LP | ||
5.38%, 07/15/25 (a) | 200,000 | 198,090 |
5.13%, 05/15/29 (a) | 200,000 | 192,888 |
3.25%, 02/15/32 (a) | 200,000 | 166,136 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 150,000 | 151,251 |
5.25%, 10/15/27 (a) | 130,000 | 128,794 |
5.88%, 06/15/28 (a)(c) | 30,000 | 30,223 |
4.50%, 01/15/30 (a) | 130,000 | 121,013 |
7.95%, 04/15/32 | 100,000 | 113,812 |
5.60%, 07/15/41 (a) | 350,000 | 323,554 |
4.75%, 05/15/42 (a) | 100,000 | 83,340 |
5.00%, 06/15/45 (a) | 100,000 | 84,987 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 200,000 | 185,352 |
3.50%, 12/01/29 (a) | 150,000 | 132,683 |
3.13%, 03/24/31 (a) | 300,000 | 251,844 |
6.25%, 03/15/33 (a) | 200,000 | 203,970 |
4.25%, 03/15/52 (a) | 150,000 | 112,973 |
6.25%, 03/15/53 (a) | 100,000 | 98,655 |
Eastern Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 100,000 | 95,499 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 200,000 | 173,274 |
4.80%, 11/01/43 (a)(c) | 100,000 | 87,586 |
Enable Midstream Partners LP | ||
4.95%, 05/15/28 (a) | 150,000 | 144,700 |
4.15%, 09/15/29 (a) | 100,000 | 91,291 |
5.00%, 05/15/44 (a) | 75,000 | 62,076 |
Enbridge Energy Partners LP | ||
5.50%, 09/15/40 (a) | 180,000 | 170,568 |
7.38%, 10/15/45 (a) | 100,000 | 113,394 |
Enbridge, Inc. | ||
2.50%, 01/15/25 (a) | 200,000 | 189,332 |
2.50%, 02/14/25 | 200,000 | 189,054 |
1.60%, 10/04/26 (a) | 100,000 | 87,948 |
3.70%, 07/15/27 (a) | 150,000 | 140,642 |
3.13%, 11/15/29 (a) | 250,000 | 218,122 |
2.50%, 08/01/33 (a) | 200,000 | 154,616 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 06/10/44 (a) | 100,000 | 84,064 |
5.50%, 12/01/46 (a) | 200,000 | 190,060 |
4.00%, 11/15/49 (a) | 100,000 | 77,899 |
3.40%, 08/01/51 (a) | 150,000 | 103,161 |
Energy Transfer LP | ||
4.25%, 04/01/24 (a) | 150,000 | 147,636 |
4.50%, 04/15/24 (a) | 200,000 | 197,428 |
3.90%, 05/15/24 (a) | 150,000 | 146,617 |
4.05%, 03/15/25 (a) | 150,000 | 145,614 |
2.90%, 05/15/25 (a) | 150,000 | 141,594 |
4.75%, 01/15/26 (a) | 150,000 | 146,836 |
3.90%, 07/15/26 (a) | 100,000 | 94,443 |
4.20%, 04/15/27 (a) | 100,000 | 94,711 |
5.50%, 06/01/27 (a) | 150,000 | 149,169 |
4.00%, 10/01/27 (a) | 200,000 | 186,774 |
5.55%, 02/15/28 (a) | 150,000 | 149,596 |
4.95%, 06/15/28 (a) | 150,000 | 145,065 |
5.25%, 04/15/29 (a) | 300,000 | 292,866 |
3.75%, 05/15/30 (a) | 300,000 | 266,526 |
5.75%, 02/15/33 (a) | 250,000 | 246,610 |
4.90%, 03/15/35 (a) | 80,000 | 71,924 |
6.63%, 10/15/36 | 100,000 | 101,909 |
5.80%, 06/15/38 (a) | 150,000 | 140,760 |
7.50%, 07/01/38 | 150,000 | 163,278 |
6.05%, 06/01/41 (a) | 100,000 | 96,155 |
6.50%, 02/01/42 (a) | 150,000 | 149,608 |
6.10%, 02/15/42 | 100,000 | 94,503 |
5.15%, 02/01/43 (a) | 100,000 | 84,295 |
5.95%, 10/01/43 (a) | 100,000 | 93,070 |
5.30%, 04/01/44 (a) | 100,000 | 85,954 |
5.15%, 03/15/45 (a) | 200,000 | 168,142 |
5.35%, 05/15/45 (a) | 100,000 | 85,622 |
6.13%, 12/15/45 (a) | 165,000 | 154,640 |
5.30%, 04/15/47 (a) | 100,000 | 85,139 |
5.40%, 10/01/47 (a) | 300,000 | 258,669 |
6.00%, 06/15/48 (a) | 150,000 | 138,249 |
6.25%, 04/15/49 (a) | 300,000 | 285,795 |
5.00%, 05/15/50 (a) | 350,000 | 287,633 |
Enterprise Products Operating LLC | ||
3.75%, 02/15/25 (a) | 230,000 | 223,438 |
3.70%, 02/15/26 (a) | 100,000 | 96,091 |
3.95%, 02/15/27 (a) | 150,000 | 143,363 |
4.15%, 10/16/28 (a) | 150,000 | 141,809 |
3.13%, 07/31/29 (a) | 200,000 | 176,700 |
2.80%, 01/31/30 (a) | 250,000 | 214,465 |
7.55%, 04/15/38 | 100,000 | 113,465 |
6.13%, 10/15/39 | 50,000 | 52,413 |
6.45%, 09/01/40 | 100,000 | 106,571 |
5.95%, 02/01/41 | 100,000 | 101,469 |
5.70%, 02/15/42 | 100,000 | 98,833 |
4.85%, 08/15/42 (a) | 100,000 | 89,975 |
4.45%, 02/15/43 (a) | 200,000 | 171,366 |
4.85%, 03/15/44 (a) | 300,000 | 267,741 |
5.10%, 02/15/45 (a) | 200,000 | 183,746 |
4.90%, 05/15/46 (a) | 200,000 | 176,154 |
4.25%, 02/15/48 (a) | 250,000 | 203,425 |
4.80%, 02/01/49 (a) | 250,000 | 219,287 |
4.20%, 01/31/50 (a) | 250,000 | 201,025 |
3.70%, 01/31/51 (a) | 200,000 | 147,448 |
3.20%, 02/15/52 (a) | 250,000 | 167,342 |
3.30%, 02/15/53 (a) | 250,000 | 169,992 |
4.95%, 10/15/54 (a) | 100,000 | 87,739 |
3.95%, 01/31/60 (a) | 150,000 | 110,718 |
5.25%, 08/16/77 (a)(b) | 200,000 | 179,180 |
5.38%, 02/15/78 (a)(b) | 100,000 | 83,779 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 100,000 | 95,910 |
4.15%, 01/15/26 (a) | 100,000 | 97,763 |
4.38%, 04/15/30 (a) | 100,000 | 96,022 |
3.90%, 04/01/35 (a) | 174,000 | 154,108 |
4.95%, 04/15/50 (a) | 150,000 | 144,738 |
EQT Corp. | ||
6.13%, 02/01/25 (a)(f) | 200,000 | 200,452 |
5.68%, 10/01/25 (a) | 100,000 | 99,184 |
3.90%, 10/01/27 (a) | 250,000 | 229,585 |
5.00%, 01/15/29 (a) | 100,000 | 93,957 |
7.00%, 02/01/30 (a)(f) | 50,000 | 51,654 |
Exxon Mobil Corp. | ||
2.02%, 08/16/24 (a) | 250,000 | 239,247 |
2.71%, 03/06/25 (a) | 200,000 | 191,096 |
2.99%, 03/19/25 (a) | 500,000 | 480,210 |
3.04%, 03/01/26 (a) | 500,000 | 473,965 |
2.28%, 08/16/26 (a) | 150,000 | 137,751 |
3.29%, 03/19/27 (a) | 150,000 | 142,992 |
2.44%, 08/16/29 (a) | 200,000 | 176,240 |
3.48%, 03/19/30 (a) | 400,000 | 370,928 |
2.61%, 10/15/30 (a) | 350,000 | 304,374 |
3.00%, 08/16/39 (a) | 150,000 | 115,511 |
4.23%, 03/19/40 (a) | 350,000 | 314,765 |
3.57%, 03/06/45 (a) | 230,000 | 182,687 |
4.11%, 03/01/46 (a) | 400,000 | 342,632 |
3.10%, 08/16/49 (a) | 300,000 | 216,192 |
4.33%, 03/19/50 (a) | 500,000 | 444,465 |
3.45%, 04/15/51 (a) | 450,000 | 343,710 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 100,000 | 96,730 |
2.92%, 03/01/30 (a) | 200,000 | 173,094 |
4.85%, 11/15/35 (a) | 150,000 | 140,033 |
6.70%, 09/15/38 | 100,000 | 107,539 |
7.45%, 09/15/39 | 200,000 | 227,844 |
4.50%, 11/15/41 (a) | 150,000 | 126,029 |
4.75%, 08/01/43 (a) | 100,000 | 86,183 |
5.00%, 11/15/45 (a) | 330,000 | 291,941 |
Helmerich & Payne, Inc. | ||
2.90%, 09/29/31 (a) | 200,000 | 164,094 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 250,000 | 239,597 |
7.88%, 10/01/29 | 100,000 | 110,226 |
7.30%, 08/15/31 | 100,000 | 108,749 |
7.13%, 03/15/33 | 200,000 | 215,074 |
6.00%, 01/15/40 | 100,000 | 98,403 |
5.60%, 02/15/41 | 100,000 | 93,658 |
5.80%, 04/01/47 (a) | 50,000 | 47,505 |
HF Sinclair Corp. | ||
2.63%, 10/01/23 | 100,000 | 98,340 |
5.88%, 04/01/26 (a) | 150,000 | 150,126 |
4.50%, 10/01/30 (a) | 100,000 | 89,274 |
Kinder Morgan Energy Partners LP | ||
4.30%, 05/01/24 (a) | 296,000 | 291,832 |
7.30%, 08/15/33 | 200,000 | 218,320 |
5.80%, 03/15/35 | 150,000 | 146,643 |
6.95%, 01/15/38 | 330,000 | 352,843 |
6.55%, 09/15/40 | 150,000 | 150,562 |
7.50%, 11/15/40 | 100,000 | 110,657 |
5.63%, 09/01/41 | 50,000 | 45,777 |
5.00%, 08/15/42 (a) | 100,000 | 85,729 |
4.70%, 11/01/42 (a) | 45,000 | 37,528 |
5.00%, 03/01/43 (a) | 100,000 | 84,805 |
5.50%, 03/01/44 (a) | 200,000 | 180,568 |
5.40%, 09/01/44 (a) | 195,000 | 175,262 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 245,000 | 239,419 |
1.75%, 11/15/26 (a) | 100,000 | 87,731 |
4.30%, 03/01/28 (a) | 200,000 | 190,920 |
2.00%, 02/15/31 (a) | 250,000 | 194,215 |
7.75%, 01/15/32 | 150,000 | 167,539 |
5.30%, 12/01/34 (a) | 250,000 | 234,965 |
5.55%, 06/01/45 (a) | 330,000 | 299,524 |
5.05%, 02/15/46 (a) | 200,000 | 169,150 |
5.20%, 03/01/48 (a) | 100,000 | 87,110 |
3.25%, 08/01/50 (a) | 100,000 | 63,484 |
3.60%, 02/15/51 (a) | 150,000 | 101,625 |
5.45%, 08/01/52 (a) | 150,000 | 133,973 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 200,000 | 174,766 |
5.15%, 10/15/43 (a) | 150,000 | 132,545 |
4.85%, 02/01/49 (a) | 150,000 | 127,631 |
3.95%, 03/01/50 (a) | 150,000 | 110,429 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 200,000 | 190,762 |
6.80%, 03/15/32 | 100,000 | 103,234 |
6.60%, 10/01/37 | 150,000 | 149,607 |
5.20%, 06/01/45 (a) | 100,000 | 84,511 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 130,000 | 126,712 |
4.70%, 05/01/25 (a) | 200,000 | 197,220 |
5.13%, 12/15/26 (a) | 100,000 | 99,469 |
3.80%, 04/01/28 (a) | 100,000 | 92,462 |
6.50%, 03/01/41 (a) | 200,000 | 206,952 |
4.75%, 09/15/44 (a) | 150,000 | 125,537 |
4.50%, 04/01/48 (a) | 50,000 | 40,201 |
5.00%, 09/15/54 (a) | 100,000 | 84,679 |
MPLX LP | ||
4.88%, 12/01/24 (a) | 300,000 | 296,145 |
4.00%, 02/15/25 (a) | 100,000 | 97,172 |
4.88%, 06/01/25 (a) | 300,000 | 295,482 |
1.75%, 03/01/26 (a) | 250,000 | 223,685 |
4.13%, 03/01/27 (a) | 200,000 | 190,894 |
4.25%, 12/01/27 (a) | 150,000 | 141,939 |
4.00%, 03/15/28 (a) | 150,000 | 140,558 |
4.80%, 02/15/29 (a) | 150,000 | 144,337 |
2.65%, 08/15/30 (a) | 250,000 | 205,422 |
4.95%, 09/01/32 (a) | 150,000 | 141,140 |
4.50%, 04/15/38 (a) | 350,000 | 299,243 |
5.20%, 03/01/47 (a) | 150,000 | 130,073 |
5.20%, 12/01/47 (a) | 100,000 | 86,534 |
4.70%, 04/15/48 (a) | 150,000 | 120,882 |
5.50%, 02/15/49 (a) | 300,000 | 269,214 |
4.95%, 03/14/52 (a) | 250,000 | 208,260 |
5.65%, 03/01/53 (a) | 100,000 | 92,185 |
4.90%, 04/15/58 (a) | 100,000 | 80,440 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 100,000 | 98,730 |
5.50%, 01/15/26 (a) | 100,000 | 99,792 |
3.95%, 09/15/27 (a) | 100,000 | 92,627 |
4.75%, 09/01/28 (a) | 100,000 | 94,170 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 200,000 | 189,888 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 100,000 | 88,501 |
3.95%, 12/01/42 (a) | 150,000 | 109,604 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 150,000 | 147,937 |
6.65%, 10/01/36 | 100,000 | 102,032 |
6.85%, 10/15/37 | 150,000 | 155,988 |
6.13%, 02/01/41 (a) | 150,000 | 145,327 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ONEOK, Inc. | ||
2.75%, 09/01/24 (a) | 150,000 | 143,535 |
2.20%, 09/15/25 (a) | 50,000 | 45,885 |
5.85%, 01/15/26 (a) | 155,000 | 156,311 |
4.55%, 07/15/28 (a) | 150,000 | 142,665 |
3.40%, 09/01/29 (a) | 150,000 | 130,293 |
3.10%, 03/15/30 (a) | 200,000 | 169,844 |
6.35%, 01/15/31 (a) | 70,000 | 71,791 |
6.10%, 11/15/32 (a) | 150,000 | 151,206 |
5.20%, 07/15/48 (a) | 250,000 | 212,857 |
4.45%, 09/01/49 (a) | 150,000 | 113,186 |
4.50%, 03/15/50 (a) | 50,000 | 38,247 |
7.15%, 01/15/51 (a) | 100,000 | 105,391 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 200,000 | 198,508 |
Ovintiv, Inc. | ||
7.38%, 11/01/31 | 200,000 | 214,066 |
6.50%, 08/15/34 | 200,000 | 200,626 |
6.63%, 08/15/37 | 100,000 | 99,522 |
Phillips 66 | ||
1.30%, 02/15/26 (a) | 50,000 | 44,613 |
3.90%, 03/15/28 (a) | 150,000 | 141,933 |
2.15%, 12/15/30 (a) | 150,000 | 120,048 |
4.65%, 11/15/34 (a) | 150,000 | 140,297 |
5.88%, 05/01/42 | 300,000 | 311,919 |
4.88%, 11/15/44 (a) | 300,000 | 274,068 |
3.30%, 03/15/52 (a) | 200,000 | 138,014 |
Phillips 66 Partners LP | ||
2.45%, 12/15/24 (a)(c) | 50,000 | 47,175 |
3.61%, 02/15/25 (a)(c) | 130,000 | 125,512 |
3.55%, 10/01/26 (a) | 100,000 | 93,310 |
3.75%, 03/01/28 (a) | 100,000 | 92,437 |
3.15%, 12/15/29 (a)(c) | 100,000 | 87,370 |
4.68%, 02/15/45 (a)(c) | 100,000 | 87,846 |
4.90%, 10/01/46 (a)(c) | 100,000 | 88,643 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 200,000 | 178,130 |
1.90%, 08/15/30 (a) | 200,000 | 156,486 |
2.15%, 01/15/31 (a) | 200,000 | 157,734 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.60%, 11/01/24 (a) | 200,000 | 193,578 |
4.65%, 10/15/25 (a) | 150,000 | 146,599 |
4.50%, 12/15/26 (a) | 230,000 | 220,701 |
3.55%, 12/15/29 (a) | 150,000 | 130,355 |
3.80%, 09/15/30 (a) | 150,000 | 130,763 |
6.65%, 01/15/37 | 100,000 | 100,363 |
5.15%, 06/01/42 (a) | 100,000 | 82,423 |
4.30%, 01/31/43 (a) | 100,000 | 73,434 |
4.70%, 06/15/44 (a) | 100,000 | 77,643 |
4.90%, 02/15/45 (a) | 100,000 | 78,978 |
Sabine Pass Liquefaction LLC | ||
5.75%, 05/15/24 (a) | 380,000 | 380,015 |
5.63%, 03/01/25 (a) | 350,000 | 349,650 |
5.88%, 06/30/26 (a) | 200,000 | 201,360 |
5.00%, 03/15/27 (a) | 250,000 | 244,067 |
4.20%, 03/15/28 (a) | 350,000 | 328,947 |
4.50%, 05/15/30 (a) | 375,000 | 351,450 |
5.90%, 09/15/37 (a)(c) | 100,000 | 99,995 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 150,000 | 137,409 |
Schlumberger Investment S.A. | ||
2.65%, 06/26/30 (a) | 200,000 | 172,186 |
Shell International Finance BV | ||
2.00%, 11/07/24 (a) | 200,000 | 190,308 |
3.25%, 05/11/25 | 430,000 | 414,232 |
2.88%, 05/10/26 | 300,000 | 281,088 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 09/12/26 | 250,000 | 229,735 |
3.88%, 11/13/28 (a) | 300,000 | 286,689 |
2.38%, 11/07/29 (a) | 350,000 | 300,762 |
2.75%, 04/06/30 (a) | 300,000 | 263,625 |
4.13%, 05/11/35 | 200,000 | 184,196 |
6.38%, 12/15/38 | 500,000 | 555,370 |
5.50%, 03/25/40 | 250,000 | 257,617 |
2.88%, 11/26/41 (a) | 50,000 | 36,828 |
3.63%, 08/21/42 | 80,000 | 65,213 |
4.55%, 08/12/43 | 150,000 | 137,229 |
4.38%, 05/11/45 | 530,000 | 469,511 |
4.00%, 05/10/46 | 430,000 | 357,132 |
3.75%, 09/12/46 | 200,000 | 159,342 |
3.13%, 11/07/49 (a) | 200,000 | 143,620 |
3.25%, 04/06/50 (a) | 400,000 | 294,720 |
3.00%, 11/26/51 (a) | 200,000 | 138,642 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 100,000 | 99,146 |
3.38%, 10/15/26 (a) | 200,000 | 187,084 |
4.50%, 03/15/45 (a) | 150,000 | 124,611 |
Suncor Energy, Inc. | ||
5.95%, 05/15/35 | 200,000 | 196,154 |
6.80%, 05/15/38 | 100,000 | 106,927 |
6.50%, 06/15/38 | 250,000 | 257,190 |
6.85%, 06/01/39 | 150,000 | 161,421 |
4.00%, 11/15/47 (a) | 100,000 | 78,237 |
3.75%, 03/04/51 (a) | 150,000 | 110,679 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 200,000 | 196,784 |
4.20%, 02/01/33 (a) | 150,000 | 130,755 |
4.95%, 04/15/52 (a) | 150,000 | 120,339 |
6.25%, 07/01/52 (a) | 100,000 | 95,468 |
6.50%, 02/15/53 (a) | 150,000 | 147,720 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 250,000 | 252,815 |
5.50%, 03/01/30 (a) | 150,000 | 142,436 |
4.88%, 02/01/31 (a) | 150,000 | 136,553 |
4.00%, 01/15/32 (a) | 250,000 | 212,705 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 150,000 | 146,689 |
Tennessee Gas Pipeline Co., LLC | ||
7.00%, 10/15/28 | 200,000 | 212,382 |
The Williams Cos., Inc. | ||
4.30%, 03/04/24 (a) | 350,000 | 345,628 |
4.55%, 06/24/24 (a) | 100,000 | 98,649 |
3.90%, 01/15/25 (a) | 100,000 | 97,080 |
3.75%, 06/15/27 (a) | 200,000 | 188,196 |
7.50%, 01/15/31 | 150,000 | 165,205 |
2.60%, 03/15/31 (a) | 150,000 | 121,829 |
8.75%, 03/15/32 | 150,000 | 178,957 |
4.65%, 08/15/32 (a) | 150,000 | 139,850 |
6.30%, 04/15/40 | 200,000 | 205,418 |
5.80%, 11/15/43 (a) | 122,000 | 118,044 |
5.40%, 03/04/44 (a) | 100,000 | 92,350 |
5.75%, 06/24/44 (a) | 100,000 | 95,557 |
4.90%, 01/15/45 (a) | 100,000 | 85,510 |
5.10%, 09/15/45 (a) | 100,000 | 88,052 |
4.85%, 03/01/48 (a) | 150,000 | 128,969 |
3.50%, 10/15/51 (a) | 150,000 | 102,570 |
5.30%, 08/15/52 (a) | 150,000 | 135,806 |
TotalEnergies Capital International S.A. | ||
3.75%, 04/10/24 | 200,000 | 196,590 |
2.43%, 01/10/25 (a) | 250,000 | 239,117 |
3.46%, 02/19/29 (a) | 300,000 | 277,698 |
2.83%, 01/10/30 (a) | 200,000 | 176,708 |
2.99%, 06/29/41 (a) | 100,000 | 74,579 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.46%, 07/12/49 (a) | 200,000 | 153,332 |
3.13%, 05/29/50 (a) | 450,000 | 321,565 |
3.39%, 06/29/60 (a) | 100,000 | 71,812 |
TotalEnergies Capital S.A. | ||
3.88%, 10/11/28 | 150,000 | 144,174 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 200,000 | 197,268 |
4.25%, 05/15/28 (a) | 250,000 | 236,657 |
4.10%, 04/15/30 (a) | 200,000 | 182,620 |
2.50%, 10/12/31 (a) | 200,000 | 158,664 |
4.63%, 03/01/34 (a) | 200,000 | 182,418 |
5.60%, 03/31/34 | 100,000 | 98,541 |
5.85%, 03/15/36 | 100,000 | 99,612 |
6.20%, 10/15/37 | 150,000 | 154,920 |
4.75%, 05/15/38 (a) | 100,000 | 89,605 |
7.25%, 08/15/38 | 150,000 | 166,624 |
7.63%, 01/15/39 | 150,000 | 174,366 |
6.10%, 06/01/40 | 150,000 | 152,094 |
5.00%, 10/16/43 (a) | 100,000 | 89,706 |
4.88%, 05/15/48 (a) | 200,000 | 175,958 |
5.10%, 03/15/49 (a) | 150,000 | 136,517 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 200,000 | 212,156 |
3.25%, 05/15/30 (a) | 200,000 | 174,168 |
5.40%, 08/15/41 (a) | 100,000 | 96,300 |
4.60%, 03/15/48 (a) | 100,000 | 85,849 |
3.95%, 05/15/50 (a) | 100,000 | 77,757 |
Valero Energy Corp. | ||
1.20%, 03/15/24 | 200,000 | 191,176 |
2.15%, 09/15/27 (a) | 150,000 | 131,940 |
4.00%, 04/01/29 (a) | 150,000 | 141,767 |
7.50%, 04/15/32 | 150,000 | 169,884 |
6.63%, 06/15/37 | 200,000 | 212,854 |
4.90%, 03/15/45 | 130,000 | 117,186 |
3.65%, 12/01/51 (a) | 200,000 | 142,524 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 150,000 | 145,146 |
70,798,398 | ||
Industrial Other 0.1% | ||
Brown University in Providence in the State of Rhode Island and Providence Plant | ||
2.92%, 09/01/50 (a) | 100,000 | 73,803 |
California Institute of Technology | ||
4.32%, 08/01/45 | 100,000 | 89,813 |
3.65%, 09/01/19 (a) | 200,000 | 137,286 |
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 300,000 | 286,674 |
Duke University | ||
2.68%, 10/01/44 | 100,000 | 74,747 |
2.76%, 10/01/50 | 100,000 | 70,168 |
2.83%, 10/01/55 | 100,000 | 68,792 |
Emory University | ||
2.97%, 09/01/50 (a) | 150,000 | 108,175 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 100,000 | 87,313 |
Massachusetts Institute of Technology | ||
3.96%, 07/01/38 | 150,000 | 138,726 |
2.99%, 07/01/50 (a) | 100,000 | 74,462 |
2.29%, 07/01/51 (a) | 100,000 | 63,945 |
5.60%, 07/01/11 | 150,000 | 162,862 |
4.68%, 07/01/14 | 100,000 | 91,194 |
Northeastern University | ||
2.89%, 10/01/50 | 150,000 | 103,176 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Northwestern University | ||
4.64%, 12/01/44 | 100,000 | 96,747 |
2.64%, 12/01/50 (a) | 100,000 | 69,268 |
President & Fellows of Harvard College | ||
3.15%, 07/15/46 (a) | 100,000 | 77,960 |
2.52%, 10/15/50 (a) | 100,000 | 67,995 |
3.75%, 11/15/52 (a) | 100,000 | 86,136 |
3.30%, 07/15/56 (a) | 100,000 | 77,314 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 250,000 | 207,210 |
3.05%, 10/01/41 (a) | 150,000 | 100,832 |
The American University | ||
3.67%, 04/01/49 | 100,000 | 80,574 |
The George Washington University | ||
4.30%, 09/15/44 | 100,000 | 88,176 |
4.87%, 09/15/45 | 50,000 | 47,564 |
4.13%, 09/15/48 (a) | 150,000 | 129,927 |
The Georgetown University | ||
4.32%, 04/01/49 (a) | 50,000 | 43,042 |
2.94%, 04/01/50 | 100,000 | 66,809 |
5.22%, 10/01/18 (a) | 50,000 | 45,726 |
The Leland Stanford Junior University | ||
1.29%, 06/01/27 (a) | 200,000 | 175,400 |
3.65%, 05/01/48 (a) | 100,000 | 85,610 |
The Trustees of the University of Pennsylvania | ||
2.40%, 10/01/50 (a) | 150,000 | 98,003 |
4.67%, 09/01/12 | 50,000 | 44,553 |
The Trustees of the University of Princeton | ||
5.70%, 03/01/39 | 200,000 | 221,558 |
2.52%, 07/01/50 (a) | 100,000 | 68,760 |
The University of Chicago | ||
2.76%, 04/01/45 (a) | 100,000 | 77,103 |
2.55%, 04/01/50 (a) | 100,000 | 70,343 |
3.00%, 10/01/52 (a) | 100,000 | 73,482 |
The Washington University | ||
3.52%, 04/15/54 (a) | 125,000 | 100,109 |
4.35%, 04/15/22 (a) | 100,000 | 81,826 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 150,000 | 108,036 |
University of Notre Dame du Lac | ||
3.39%, 02/15/48 (a) | 100,000 | 80,969 |
University of Southern California | ||
3.03%, 10/01/39 | 150,000 | 120,438 |
3.84%, 10/01/47 (a) | 150,000 | 128,895 |
2.95%, 10/01/51 (a) | 100,000 | 69,913 |
3.23%, 10/01/20 (a) | 100,000 | 62,341 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 200,000 | 169,292 |
Yale University | ||
1.48%, 04/15/30 (a) | 50,000 | 40,630 |
2.40%, 04/15/50 (a) | 100,000 | 65,954 |
4,859,631 | ||
Technology 2.4% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 100,000 | 94,474 |
3.25%, 02/01/25 (a) | 150,000 | 145,303 |
2.15%, 02/01/27 (a) | 200,000 | 181,912 |
2.30%, 02/01/30 (a) | 200,000 | 171,212 |
Advanced Micro Devices, Inc. | ||
4.39%, 06/01/52 (a) | 150,000 | 133,895 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Alphabet, Inc. | ||
0.45%, 08/15/25 (a) | 150,000 | 135,777 |
2.00%, 08/15/26 (a) | 400,000 | 366,332 |
0.80%, 08/15/27 (a) | 250,000 | 213,527 |
1.10%, 08/15/30 (a) | 250,000 | 197,245 |
1.90%, 08/15/40 (a) | 250,000 | 166,672 |
2.05%, 08/15/50 (a) | 400,000 | 242,080 |
2.25%, 08/15/60 (a) | 375,000 | 218,445 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 150,000 | 123,903 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 100,000 | 95,744 |
3.50%, 12/05/26 (a) | 100,000 | 94,925 |
3.45%, 06/15/27 (a)(c) | 100,000 | 94,674 |
1.70%, 10/01/28 (a) | 200,000 | 168,788 |
2.10%, 10/01/31 (a) | 200,000 | 161,828 |
2.80%, 10/01/41 (a) | 200,000 | 144,964 |
2.95%, 10/01/51 (a) | 200,000 | 137,712 |
Apple Inc. | ||
3.45%, 05/06/24 | 400,000 | 392,764 |
2.85%, 05/11/24 (a) | 300,000 | 292,482 |
1.80%, 09/11/24 (a) | 100,000 | 95,296 |
2.75%, 01/13/25 (a) | 300,000 | 288,582 |
2.50%, 02/09/25 | 289,000 | 276,426 |
1.13%, 05/11/25 (a) | 400,000 | 369,512 |
3.20%, 05/13/25 | 300,000 | 289,827 |
0.55%, 08/20/25 (a) | 250,000 | 225,485 |
0.70%, 02/08/26 (a) | 500,000 | 443,820 |
3.25%, 02/23/26 (a) | 480,000 | 459,605 |
2.45%, 08/04/26 (a) | 400,000 | 370,300 |
2.05%, 09/11/26 (a) | 450,000 | 409,788 |
3.35%, 02/09/27 (a) | 400,000 | 381,376 |
3.20%, 05/11/27 (a) | 350,000 | 330,921 |
3.00%, 06/20/27 (a) | 200,000 | 188,000 |
2.90%, 09/12/27 (a) | 400,000 | 372,044 |
3.00%, 11/13/27 (a) | 150,000 | 139,820 |
1.20%, 02/08/28 (a) | 500,000 | 424,030 |
1.40%, 08/05/28 (a) | 450,000 | 380,556 |
3.25%, 08/08/29 (a) | 150,000 | 138,105 |
2.20%, 09/11/29 (a) | 350,000 | 301,322 |
1.65%, 05/11/30 (a) | 200,000 | 163,488 |
1.25%, 08/20/30 (a) | 300,000 | 236,250 |
1.65%, 02/08/31 (a) | 500,000 | 400,995 |
1.70%, 08/05/31 (a) | 200,000 | 159,226 |
3.35%, 08/08/32 (a) | 250,000 | 225,675 |
4.50%, 02/23/36 (a) | 200,000 | 196,256 |
2.38%, 02/08/41 (a) | 300,000 | 212,334 |
3.85%, 05/04/43 | 480,000 | 413,477 |
4.45%, 05/06/44 | 150,000 | 143,150 |
3.45%, 02/09/45 | 400,000 | 324,020 |
4.38%, 05/13/45 | 300,000 | 276,315 |
4.65%, 02/23/46 (a) | 700,000 | 667,359 |
3.85%, 08/04/46 (a) | 200,000 | 169,176 |
4.25%, 02/09/47 (a) | 195,000 | 178,989 |
3.75%, 09/12/47 (a) | 250,000 | 208,902 |
3.75%, 11/13/47 (a) | 200,000 | 167,246 |
2.95%, 09/11/49 (a) | 300,000 | 216,174 |
2.65%, 05/11/50 (a) | 400,000 | 269,096 |
2.40%, 08/20/50 (a) | 300,000 | 190,599 |
2.65%, 02/08/51 (a) | 500,000 | 333,910 |
2.70%, 08/05/51 (a) | 350,000 | 234,580 |
3.95%, 08/08/52 (a) | 250,000 | 213,280 |
2.55%, 08/20/60 (a) | 300,000 | 187,134 |
2.80%, 02/08/61 (a) | 250,000 | 160,160 |
2.85%, 08/05/61 (a) | 300,000 | 195,315 |
4.10%, 08/08/62 (a) | 200,000 | 169,548 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 150,000 | 146,131 |
3.30%, 04/01/27 (a) | 150,000 | 141,866 |
1.75%, 06/01/30 (a) | 150,000 | 122,256 |
5.10%, 10/01/35 (a) | 150,000 | 151,233 |
5.85%, 06/15/41 | 100,000 | 107,051 |
4.35%, 04/01/47 (a) | 150,000 | 135,020 |
2.75%, 06/01/50 (a) | 150,000 | 102,276 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 250,000 | 241,482 |
2.95%, 02/15/32 (a) | 100,000 | 80,477 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 100,000 | 98,552 |
2.85%, 01/15/30 (a) | 100,000 | 85,854 |
2.40%, 12/15/31 (a) | 200,000 | 160,154 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 200,000 | 192,824 |
1.70%, 05/15/28 (a) | 200,000 | 172,812 |
1.25%, 09/01/30 (a) | 200,000 | 157,418 |
Avnet, Inc. | ||
3.00%, 05/15/31 (a) | 100,000 | 79,299 |
5.50%, 06/01/32 (a) | 50,000 | 47,653 |
Baidu, Inc. | ||
4.13%, 06/30/25 | 300,000 | 289,482 |
1.72%, 04/09/26 (a) | 200,000 | 178,156 |
4.88%, 11/14/28 (a) | 200,000 | 194,458 |
2.38%, 10/09/30 (a) | 200,000 | 163,060 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.13%, 01/15/25 (a) | 100,000 | 95,762 |
3.88%, 01/15/27 (a) | 500,000 | 471,935 |
3.50%, 01/15/28 (a) | 150,000 | 137,135 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 150,000 | 145,590 |
3.15%, 11/15/25 (a) | 100,000 | 94,220 |
3.46%, 09/15/26 (a) | 156,000 | 145,879 |
1.95%, 02/15/28 (a)(c) | 100,000 | 84,784 |
4.11%, 09/15/28 (a) | 250,000 | 234,110 |
4.75%, 04/15/29 (a) | 300,000 | 287,178 |
5.00%, 04/15/30 (a) | 50,000 | 48,090 |
4.15%, 11/15/30 (a) | 400,000 | 360,812 |
2.45%, 02/15/31 (a)(c) | 450,000 | 356,751 |
4.15%, 04/15/32 (a)(c) | 250,000 | 220,602 |
4.30%, 11/15/32 (a) | 350,000 | 310,677 |
2.60%, 02/15/33 (a)(c) | 400,000 | 302,360 |
3.42%, 04/15/33 (a)(c) | 350,000 | 282,072 |
3.47%, 04/15/34 (a)(c) | 650,000 | 515,476 |
3.14%, 11/15/35 (a)(c) | 650,000 | 479,895 |
3.19%, 11/15/36 (a)(c) | 450,000 | 326,416 |
4.93%, 05/15/37 (a)(c) | 463,000 | 402,907 |
3.50%, 02/15/41 (a)(c) | 450,000 | 322,632 |
3.75%, 02/15/51 (a)(c) | 350,000 | 244,898 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 93,921 |
2.90%, 12/01/29 (a) | 150,000 | 126,803 |
2.60%, 05/01/31 (a) | 200,000 | 162,054 |
CDW LLC/CDW Finance Corp. | ||
4.13%, 05/01/25 (a) | 200,000 | 191,918 |
2.67%, 12/01/26 (a) | 200,000 | 178,132 |
4.25%, 04/01/28 (a) | 200,000 | 182,936 |
3.25%, 02/15/29 (a) | 100,000 | 84,810 |
3.57%, 12/01/31 (a) | 200,000 | 165,844 |
CGI, Inc. | ||
2.30%, 09/14/31 (a) | 100,000 | 76,880 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cisco Systems, Inc. | ||
3.50%, 06/15/25 | 362,000 | 351,194 |
2.95%, 02/28/26 | 200,000 | 189,550 |
2.50%, 09/20/26 (a) | 100,000 | 92,565 |
5.90%, 02/15/39 | 100,000 | 109,620 |
5.50%, 01/15/40 | 550,000 | 579,089 |
Corning, Inc. | ||
5.75%, 08/15/40 | 100,000 | 101,932 |
4.75%, 03/15/42 | 100,000 | 91,670 |
5.35%, 11/15/48 (a) | 100,000 | 96,134 |
3.90%, 11/15/49 (a) | 100,000 | 75,437 |
4.38%, 11/15/57 (a) | 100,000 | 80,613 |
5.85%, 11/15/68 (a) | 50,000 | 47,649 |
5.45%, 11/15/79 (a) | 190,000 | 169,049 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 250,000 | 245,060 |
5.85%, 07/15/25 (a) | 200,000 | 201,378 |
6.02%, 06/15/26 (a) | 680,000 | 688,180 |
4.90%, 10/01/26 (a) | 350,000 | 342,359 |
6.10%, 07/15/27 (a) | 100,000 | 102,880 |
5.25%, 02/01/28 (a) | 200,000 | 196,808 |
5.30%, 10/01/29 (a) | 300,000 | 290,019 |
6.20%, 07/15/30 (a) | 200,000 | 203,178 |
8.10%, 07/15/36 (a) | 189,000 | 212,238 |
3.38%, 12/15/41 (a)(c) | 150,000 | 99,773 |
8.35%, 07/15/46 (a) | 150,000 | 171,418 |
3.45%, 12/15/51 (a)(c) | 250,000 | 152,957 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 150,000 | 130,514 |
2.38%, 09/15/28 (a) | 150,000 | 125,694 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 150,000 | 142,730 |
2.60%, 12/15/25 (a) | 100,000 | 92,615 |
3.10%, 05/15/30 (a) | 100,000 | 85,203 |
2.35%, 09/15/31 (a) | 200,000 | 157,616 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 150,000 | 142,868 |
1.25%, 07/15/25 (a) | 50,000 | 45,254 |
1.00%, 09/15/25 (a) | 200,000 | 178,752 |
2.90%, 11/18/26 (a) | 100,000 | 91,385 |
1.55%, 03/15/28 (a) | 250,000 | 208,187 |
3.20%, 11/18/29 (a) | 200,000 | 174,548 |
2.15%, 07/15/30 (a) | 300,000 | 240,036 |
2.50%, 05/15/31 (a) | 200,000 | 160,224 |
3.90%, 04/15/32 (a) | 200,000 | 176,962 |
3.00%, 07/15/50 (a) | 100,000 | 64,098 |
2.95%, 09/15/51 (a) | 50,000 | 31,344 |
3.40%, 02/15/52 (a) | 100,000 | 68,470 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 100,000 | 84,513 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 150,000 | 142,979 |
4.50%, 07/15/25 | 150,000 | 146,719 |
1.15%, 03/01/26 (a) | 250,000 | 219,410 |
4.70%, 07/15/27 (a) | 100,000 | 97,382 |
1.65%, 03/01/28 (a) | 200,000 | 167,664 |
3.75%, 05/21/29 (a) | 100,000 | 91,239 |
2.25%, 03/01/31 (a) | 200,000 | 157,356 |
5.10%, 07/15/32 (a) | 150,000 | 143,622 |
3.10%, 03/01/41 (a) | 100,000 | 69,072 |
5.63%, 07/15/52 (a) | 100,000 | 93,652 |
Fiserv, Inc. | ||
2.75%, 07/01/24 (a) | 250,000 | 240,707 |
3.85%, 06/01/25 (a) | 100,000 | 96,332 |
3.20%, 07/01/26 (a) | 450,000 | 420,268 |
2.25%, 06/01/27 (a) | 250,000 | 221,957 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 10/01/28 (a) | 150,000 | 141,059 |
3.50%, 07/01/29 (a) | 500,000 | 446,740 |
2.65%, 06/01/30 (a) | 150,000 | 125,696 |
4.40%, 07/01/49 (a) | 375,000 | 303,506 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 100,000 | 97,733 |
3.75%, 02/01/26 (a) | 150,000 | 142,697 |
6.00%, 01/15/28 (a) | 100,000 | 100,773 |
4.88%, 06/15/29 (a) | 100,000 | 94,407 |
4.88%, 05/12/30 (a) | 100,000 | 94,784 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 150,000 | 131,604 |
2.20%, 03/15/31 (a) | 100,000 | 79,816 |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24 (a) | 200,000 | 191,296 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 100,000 | 93,137 |
2.65%, 02/15/25 (a) | 250,000 | 235,975 |
1.20%, 03/01/26 (a) | 200,000 | 174,966 |
4.80%, 04/01/26 (a) | 150,000 | 146,166 |
2.15%, 01/15/27 (a) | 150,000 | 131,592 |
4.45%, 06/01/28 (a) | 100,000 | 93,531 |
3.20%, 08/15/29 (a) | 200,000 | 170,192 |
2.90%, 05/15/30 (a) | 225,000 | 185,465 |
2.90%, 11/15/31 (a) | 150,000 | 119,228 |
5.40%, 08/15/32 (a) | 150,000 | 143,644 |
4.15%, 08/15/49 (a) | 100,000 | 72,510 |
5.95%, 08/15/52 (a) | 150,000 | 138,878 |
Hewlett Packard Enterprise Co. | ||
1.45%, 04/01/24 (a) | 150,000 | 143,580 |
4.90%, 10/15/25 (a) | 350,000 | 347,144 |
1.75%, 04/01/26 (a) | 200,000 | 179,692 |
6.20%, 10/15/35 (a) | 150,000 | 154,461 |
6.35%, 10/15/45 (a) | 262,000 | 258,319 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 140,169 |
1.45%, 06/17/26 (a) | 200,000 | 175,714 |
3.00%, 06/17/27 (a) | 200,000 | 182,058 |
4.00%, 04/15/29 (a) | 200,000 | 181,952 |
3.40%, 06/17/30 (a) | 200,000 | 170,870 |
2.65%, 06/17/31 (a) | 200,000 | 157,280 |
4.20%, 04/15/32 (a) | 150,000 | 129,137 |
5.50%, 01/15/33 (a) | 250,000 | 236,242 |
6.00%, 09/15/41 | 250,000 | 244,725 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 300,000 | 292,122 |
3.40%, 03/25/25 (a) | 350,000 | 338,821 |
3.70%, 07/29/25 (a) | 450,000 | 435,402 |
2.60%, 05/19/26 (a) | 150,000 | 139,335 |
3.75%, 03/25/27 (a) | 250,000 | 238,937 |
3.15%, 05/11/27 (a) | 150,000 | 139,520 |
4.88%, 02/10/28 (a) | 300,000 | 295,743 |
1.60%, 08/12/28 (a) | 200,000 | 168,078 |
4.00%, 08/05/29 (a) | 200,000 | 187,040 |
2.45%, 11/15/29 (a) | 450,000 | 378,765 |
5.13%, 02/10/30 (a) | 200,000 | 197,668 |
3.90%, 03/25/30 (a) | 300,000 | 277,083 |
2.00%, 08/12/31 (a) | 300,000 | 235,692 |
4.15%, 08/05/32 (a) | 200,000 | 184,220 |
4.00%, 12/15/32 | 150,000 | 136,055 |
5.20%, 02/10/33 (a) | 400,000 | 392,780 |
4.60%, 03/25/40 (a) | 150,000 | 134,096 |
4.80%, 10/01/41 | 95,000 | 86,368 |
4.25%, 12/15/42 | 100,000 | 84,041 |
5.63%, 02/10/43 (a) | 200,000 | 195,424 |
4.10%, 05/19/46 (a) | 250,000 | 201,035 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.10%, 05/11/47 (a) | 100,000 | 80,282 |
3.73%, 12/08/47 (a) | 350,000 | 259,612 |
3.25%, 11/15/49 (a) | 300,000 | 200,958 |
4.75%, 03/25/50 (a) | 400,000 | 346,968 |
3.05%, 08/12/51 (a) | 250,000 | 161,005 |
4.90%, 08/05/52 (a) | 300,000 | 266,241 |
5.70%, 02/10/53 (a) | 300,000 | 293,406 |
3.10%, 02/15/60 (a) | 160,000 | 98,150 |
4.95%, 03/25/60 (a)(h) | 250,000 | 220,082 |
3.20%, 08/12/61 (a) | 200,000 | 124,634 |
5.05%, 08/05/62 (a) | 200,000 | 175,286 |
5.90%, 02/10/63 (a) | 200,000 | 197,088 |
International Business Machines Corp. | ||
3.00%, 05/15/24 | 450,000 | 437,647 |
4.00%, 07/27/25 | 200,000 | 194,900 |
3.45%, 02/19/26 | 300,000 | 286,053 |
3.30%, 05/15/26 | 550,000 | 520,184 |
3.30%, 01/27/27 | 150,000 | 140,813 |
1.70%, 05/15/27 (a) | 300,000 | 263,082 |
6.22%, 08/01/27 | 130,000 | 136,477 |
3.50%, 05/15/29 | 650,000 | 593,339 |
1.95%, 05/15/30 (a) | 200,000 | 161,294 |
2.72%, 02/09/32 (a) | 100,000 | 83,066 |
4.40%, 07/27/32 (a) | 200,000 | 187,470 |
4.15%, 05/15/39 | 450,000 | 382,023 |
5.60%, 11/30/39 | 150,000 | 150,418 |
2.85%, 05/15/40 (a) | 200,000 | 143,232 |
4.00%, 06/20/42 | 200,000 | 163,718 |
4.70%, 02/19/46 | 150,000 | 131,439 |
4.25%, 05/15/49 | 400,000 | 330,944 |
2.95%, 05/15/50 (a) | 200,000 | 130,808 |
3.43%, 02/09/52 (a) | 150,000 | 105,371 |
4.90%, 07/27/52 (a) | 150,000 | 135,329 |
5.10%, 02/06/53 (a) | 150,000 | 139,502 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 100,000 | 90,834 |
1.35%, 07/15/27 (a) | 150,000 | 129,962 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 200,000 | 178,386 |
3.60%, 01/15/30 (a) | 100,000 | 87,998 |
3.00%, 01/15/31 (a) | 200,000 | 164,592 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 100,000 | 89,060 |
3.75%, 08/15/29 (a) | 100,000 | 89,884 |
5.95%, 03/15/41 | 100,000 | 98,088 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 150,000 | 147,097 |
3.00%, 10/30/29 (a) | 100,000 | 86,337 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 230,000 | 227,958 |
4.10%, 03/15/29 (a) | 100,000 | 95,399 |
4.65%, 07/15/32 (a) | 200,000 | 195,368 |
5.00%, 03/15/49 (a) | 100,000 | 94,007 |
3.30%, 03/01/50 (a) | 100,000 | 72,772 |
4.95%, 07/15/52 (a) | 200,000 | 189,188 |
5.25%, 07/15/62 (a) | 150,000 | 144,054 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 150,000 | 129,377 |
3.15%, 10/15/31 (a) | 150,000 | 112,278 |
4.10%, 10/15/41 (a) | 150,000 | 101,325 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 130,000 | 126,638 |
3.75%, 03/15/26 (a) | 100,000 | 96,400 |
4.00%, 03/15/29 (a) | 150,000 | 142,451 |
1.90%, 06/15/30 (a) | 200,000 | 162,912 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.88%, 03/15/49 (a) | 150,000 | 141,513 |
2.88%, 06/15/50 (a) | 200,000 | 133,574 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 150,000 | 144,268 |
4.38%, 05/15/30 (a) | 150,000 | 137,514 |
2.30%, 02/15/31 (a) | 200,000 | 156,512 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 89,312 |
2.45%, 04/15/28 (a) | 100,000 | 85,456 |
4.88%, 06/22/28 (a) | 100,000 | 96,697 |
2.95%, 04/15/31 (a) | 100,000 | 80,517 |
Mastercard, Inc. | ||
2.00%, 03/03/25 (a) | 250,000 | 235,992 |
2.95%, 11/21/26 (a) | 250,000 | 233,975 |
3.30%, 03/26/27 (a) | 150,000 | 141,975 |
3.50%, 02/26/28 (a) | 100,000 | 94,764 |
2.95%, 06/01/29 (a) | 150,000 | 135,084 |
3.35%, 03/26/30 (a) | 300,000 | 275,355 |
1.90%, 03/15/31 (a) | 150,000 | 122,438 |
2.00%, 11/18/31 (a) | 100,000 | 80,867 |
3.80%, 11/21/46 (a) | 100,000 | 83,488 |
3.95%, 02/26/48 (a) | 100,000 | 86,407 |
3.65%, 06/01/49 (a) | 250,000 | 205,110 |
3.85%, 03/26/50 (a) | 200,000 | 168,080 |
2.95%, 03/15/51 (a) | 150,000 | 107,867 |
Microchip Technology, Inc. | ||
0.98%, 09/01/24 | 200,000 | 186,780 |
4.25%, 09/01/25 (a) | 250,000 | 242,425 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 150,000 | 148,113 |
4.19%, 02/15/27 (a) | 150,000 | 142,037 |
5.33%, 02/06/29 (a) | 100,000 | 97,776 |
6.75%, 11/01/29 (a) | 100,000 | 103,224 |
4.66%, 02/15/30 (a) | 150,000 | 137,946 |
2.70%, 04/15/32 (a) | 200,000 | 151,926 |
3.37%, 11/01/41 (a) | 100,000 | 66,989 |
3.48%, 11/01/51 (a) | 150,000 | 93,683 |
Microsoft Corp. | ||
2.70%, 02/12/25 (a) | 450,000 | 433,215 |
3.13%, 11/03/25 (a) | 530,000 | 507,973 |
2.40%, 08/08/26 (a) | 600,000 | 556,356 |
3.30%, 02/06/27 (a) | 750,000 | 716,752 |
3.50%, 02/12/35 (a) | 250,000 | 226,315 |
4.20%, 11/03/35 (a) | 250,000 | 239,815 |
3.45%, 08/08/36 (a) | 350,000 | 306,834 |
4.10%, 02/06/37 (a) | 150,000 | 140,924 |
4.50%, 10/01/40 | 150,000 | 147,105 |
5.30%, 02/08/41 | 100,000 | 107,320 |
4.45%, 11/03/45 (a) | 100,000 | 95,087 |
3.70%, 08/08/46 (a) | 349,000 | 299,013 |
4.25%, 02/06/47 (a) | 200,000 | 186,272 |
2.53%, 06/01/50 (a) | 1,050,000 | 702,219 |
2.92%, 03/17/52 (a) | 1,025,000 | 740,306 |
4.00%, 02/12/55 (a) | 100,000 | 89,495 |
3.95%, 08/08/56 (a) | 150,000 | 129,881 |
4.50%, 02/06/57 (a) | 150,000 | 145,654 |
2.68%, 06/01/60 (a) | 629,000 | 407,862 |
3.04%, 03/17/62 (a) | 345,000 | 242,207 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 200,000 | 193,670 |
3.25%, 01/15/28 (a) | 100,000 | 92,088 |
4.25%, 02/01/29 (a) | 150,000 | 142,973 |
2.00%, 08/19/31 (a) | 200,000 | 158,076 |
2.75%, 08/19/41 (a) | 100,000 | 69,249 |
3.25%, 05/20/50 (a) | 100,000 | 70,224 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.55%, 08/18/60 (a) | 150,000 | 83,325 |
3.10%, 11/29/61 (a) | 100,000 | 62,520 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 150,000 | 144,930 |
4.60%, 05/23/29 (a) | 150,000 | 141,341 |
2.30%, 11/15/30 (a) | 100,000 | 78,266 |
2.75%, 05/24/31 (a) | 150,000 | 119,459 |
5.60%, 06/01/32 (a) | 100,000 | 97,971 |
5.50%, 09/01/44 | 100,000 | 91,757 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 250,000 | 230,460 |
2.38%, 06/22/27 (a) | 150,000 | 134,928 |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 200,000 | 188,698 |
3.20%, 09/16/26 (a) | 200,000 | 189,930 |
1.55%, 06/15/28 (a) | 250,000 | 212,635 |
2.85%, 04/01/30 (a) | 250,000 | 220,492 |
2.00%, 06/15/31 (a) | 250,000 | 202,202 |
3.50%, 04/01/40 (a) | 200,000 | 164,818 |
3.50%, 04/01/50 (a) | 325,000 | 252,226 |
3.70%, 04/01/60 (a) | 100,000 | 76,361 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a) | 200,000 | 198,356 |
5.35%, 03/01/26 (a) | 250,000 | 247,750 |
2.50%, 05/11/31 (a) | 200,000 | 158,032 |
3.25%, 05/11/41 (a) | 200,000 | 139,344 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 175,000 | 164,404 |
4.30%, 06/18/29 (a) | 150,000 | 138,695 |
3.40%, 05/01/30 (a) | 200,000 | 173,448 |
2.65%, 02/15/32 (a) | 200,000 | 157,298 |
5.00%, 01/15/33 (a) | 200,000 | 188,244 |
3.13%, 02/15/42 (a) | 100,000 | 67,723 |
3.25%, 11/30/51 (a) | 100,000 | 63,584 |
Oracle Corp. | ||
3.40%, 07/08/24 (a) | 250,000 | 243,330 |
2.95%, 11/15/24 (a) | 350,000 | 335,790 |
2.50%, 04/01/25 (a) | 650,000 | 613,125 |
2.95%, 05/15/25 (a) | 501,000 | 475,374 |
5.80%, 11/10/25 | 200,000 | 202,452 |
1.65%, 03/25/26 (a) | 500,000 | 446,830 |
2.65%, 07/15/26 (a) | 600,000 | 548,478 |
2.80%, 04/01/27 (a) | 400,000 | 363,176 |
3.25%, 11/15/27 (a) | 500,000 | 457,740 |
2.30%, 03/25/28 (a) | 350,000 | 303,803 |
6.15%, 11/09/29 (a) | 250,000 | 258,845 |
2.95%, 04/01/30 (a) | 600,000 | 512,436 |
3.25%, 05/15/30 (a) | 200,000 | 174,660 |
2.88%, 03/25/31 (a) | 550,000 | 456,434 |
6.25%, 11/09/32 (a) | 400,000 | 416,688 |
4.90%, 02/06/33 (a) | 250,000 | 236,235 |
4.30%, 07/08/34 (a) | 300,000 | 264,261 |
3.90%, 05/15/35 (a) | 250,000 | 208,170 |
3.85%, 07/15/36 (a) | 200,000 | 162,986 |
3.80%, 11/15/37 (a) | 200,000 | 158,514 |
6.50%, 04/15/38 | 200,000 | 208,522 |
6.13%, 07/08/39 | 250,000 | 250,220 |
3.60%, 04/01/40 (a) | 500,000 | 369,885 |
5.38%, 07/15/40 | 400,000 | 367,524 |
3.65%, 03/25/41 (a) | 400,000 | 295,560 |
4.50%, 07/08/44 (a) | 230,000 | 187,526 |
4.13%, 05/15/45 (a) | 300,000 | 227,076 |
4.00%, 07/15/46 (a) | 470,000 | 344,411 |
4.00%, 11/15/47 (a) | 400,000 | 293,336 |
3.60%, 04/01/50 (a) | 750,000 | 509,175 |
3.95%, 03/25/51 (a) | 600,000 | 431,538 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.90%, 11/09/52 (a) | 500,000 | 539,600 |
5.55%, 02/06/53 (a) | 400,000 | 366,200 |
4.38%, 05/15/55 (a) | 150,000 | 113,907 |
3.85%, 04/01/60 (a) | 600,000 | 400,350 |
4.10%, 03/25/61 (a) | 300,000 | 209,214 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 250,000 | 239,522 |
1.65%, 06/01/25 (a) | 150,000 | 139,028 |
2.65%, 10/01/26 (a) | 200,000 | 184,748 |
3.90%, 06/01/27 (a) | 100,000 | 96,385 |
2.85%, 10/01/29 (a) | 300,000 | 260,490 |
2.30%, 06/01/30 (a) | 200,000 | 164,986 |
4.40%, 06/01/32 (a) | 200,000 | 188,370 |
3.25%, 06/01/50 (a) | 150,000 | 103,868 |
5.05%, 06/01/52 (a) | 200,000 | 182,668 |
5.25%, 06/01/62 (a) | 50,000 | 45,867 |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 200,000 | 178,534 |
QUALCOMM, Inc. | ||
2.90%, 05/20/24 (a) | 150,000 | 146,062 |
3.45%, 05/20/25 (a) | 250,000 | 241,577 |
3.25%, 05/20/27 (a) | 350,000 | 329,308 |
1.30%, 05/20/28 (a) | 217,000 | 182,803 |
2.15%, 05/20/30 (a) | 200,000 | 167,634 |
1.65%, 05/20/32 (a) | 283,000 | 216,603 |
4.25%, 05/20/32 (a) | 150,000 | 143,728 |
5.40%, 05/20/33 (a) | 150,000 | 154,701 |
4.65%, 05/20/35 (a) | 100,000 | 97,070 |
4.80%, 05/20/45 (a) | 250,000 | 238,120 |
4.30%, 05/20/47 (a) | 200,000 | 175,022 |
3.25%, 05/20/50 (a) | 175,000 | 129,259 |
4.50%, 05/20/52 (a) | 200,000 | 178,400 |
6.00%, 05/20/53 (a) | 150,000 | 162,034 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 150,000 | 139,076 |
3.00%, 05/22/30 (a) | 100,000 | 86,192 |
4.75%, 05/20/32 (a) | 100,000 | 95,900 |
S&P Global, Inc. | ||
2.45%, 03/01/27 (a)(c) | 200,000 | 182,115 |
4.75%, 08/01/28 (a)(c) | 150,000 | 148,860 |
2.70%, 03/01/29 (a)(c) | 250,000 | 219,692 |
4.25%, 05/01/29 (a)(c) | 175,000 | 166,232 |
2.50%, 12/01/29 (a) | 100,000 | 86,106 |
1.25%, 08/15/30 (a) | 150,000 | 116,177 |
2.90%, 03/01/32 (a)(c) | 300,000 | 256,942 |
3.25%, 12/01/49 (a) | 100,000 | 73,572 |
3.70%, 03/01/52 (a)(c) | 150,000 | 118,853 |
2.30%, 08/15/60 (a) | 100,000 | 55,312 |
3.90%, 03/01/62 (a)(c) | 100,000 | 82,019 |
Salesforce, Inc. | ||
0.63%, 07/15/24 (a) | 200,000 | 188,012 |
3.70%, 04/11/28 (a) | 300,000 | 285,930 |
1.50%, 07/15/28 (a) | 150,000 | 127,263 |
1.95%, 07/15/31 (a) | 300,000 | 240,732 |
2.70%, 07/15/41 (a) | 250,000 | 177,015 |
2.90%, 07/15/51 (a) | 350,000 | 235,679 |
3.05%, 07/15/61 (a) | 150,000 | 96,413 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 300,000 | 228,906 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 100,000 | 88,113 |
3.00%, 06/01/31 (a) | 100,000 | 81,093 |
TD SYNNEX Corp. | ||
1.75%, 08/09/26 (a) | 250,000 | 215,507 |
2.38%, 08/09/28 (a) | 200,000 | 165,194 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 150,000 | 122,318 |
Tencent Music Entertainment Group | ||
1.38%, 09/03/25 (a) | 200,000 | 179,200 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 150,000 | 139,746 |
1.13%, 09/15/26 (a) | 150,000 | 132,059 |
2.90%, 11/03/27 (a) | 75,000 | 69,446 |
2.25%, 09/04/29 (a) | 100,000 | 85,805 |
1.75%, 05/04/30 (a) | 200,000 | 163,800 |
1.90%, 09/15/31 (a) | 100,000 | 81,012 |
3.65%, 08/16/32 (a) | 100,000 | 92,087 |
3.88%, 03/15/39 (a) | 150,000 | 132,798 |
4.15%, 05/15/48 (a) | 300,000 | 266,400 |
2.70%, 09/15/51 (a) | 100,000 | 69,797 |
The Western Union Co. | ||
2.85%, 01/10/25 (a) | 100,000 | 95,004 |
1.35%, 03/15/26 (a) | 200,000 | 175,968 |
6.20%, 11/17/36 | 100,000 | 98,966 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 100,000 | 94,323 |
5.50%, 08/15/35 | 100,000 | 97,736 |
5.65%, 11/23/43 (a) | 150,000 | 141,111 |
Trimble, Inc. | ||
4.75%, 12/01/24 (a) | 50,000 | 49,197 |
4.90%, 06/15/28 (a) | 100,000 | 96,081 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 250,000 | 221,142 |
3.88%, 04/22/27 (a) | 200,000 | 192,138 |
2.50%, 10/25/31 (a) | 250,000 | 207,270 |
4.25%, 04/22/32 (a) | 200,000 | 191,596 |
3.13%, 10/25/41 (a) | 250,000 | 195,150 |
4.50%, 04/22/52 (a) | 200,000 | 188,826 |
Tyco Electronics Group S.A. | ||
3.45%, 08/01/24 (a) | 100,000 | 97,499 |
3.70%, 02/15/26 (a) | 100,000 | 96,590 |
3.13%, 08/15/27 (a) | 100,000 | 92,150 |
2.50%, 02/04/32 (a) | 100,000 | 82,939 |
VeriSign, Inc. | ||
4.75%, 07/15/27 (a) | 150,000 | 145,443 |
2.70%, 06/15/31 (a) | 200,000 | 161,482 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 145,353 |
4.13%, 03/15/29 (a) | 150,000 | 138,393 |
5.50%, 06/15/45 (a) | 50,000 | 46,920 |
3.63%, 05/15/50 (a) | 100,000 | 69,989 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 800,000 | 764,080 |
1.90%, 04/15/27 (a) | 300,000 | 269,481 |
0.75%, 08/15/27 (a) | 150,000 | 127,722 |
2.05%, 04/15/30 (a) | 300,000 | 253,956 |
1.10%, 02/15/31 (a) | 200,000 | 153,674 |
4.15%, 12/14/35 (a) | 330,000 | 310,477 |
2.70%, 04/15/40 (a) | 150,000 | 112,571 |
4.30%, 12/14/45 (a) | 595,000 | 538,273 |
3.65%, 09/15/47 (a) | 100,000 | 82,921 |
2.00%, 08/15/50 (a) | 250,000 | 148,252 |
VMware, Inc. | ||
1.00%, 08/15/24 (a) | 250,000 | 233,692 |
4.50%, 05/15/25 (a) | 150,000 | 146,946 |
1.40%, 08/15/26 (a) | 300,000 | 259,164 |
4.65%, 05/15/27 (a) | 50,000 | 48,324 |
3.90%, 08/21/27 (a) | 200,000 | 187,024 |
1.80%, 08/15/28 (a) | 200,000 | 163,648 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.70%, 05/15/30 (a) | 150,000 | 140,951 |
2.20%, 08/15/31 (a) | 250,000 | 189,742 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 400,000 | 377,548 |
2.85%, 02/01/29 (a) | 100,000 | 78,687 |
3.10%, 02/01/32 (a) | 100,000 | 72,226 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 200,000 | 186,972 |
3.70%, 04/01/29 (a) | 150,000 | 137,103 |
3.80%, 04/01/32 (a) | 250,000 | 220,092 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 100,000 | 97,184 |
2.38%, 06/01/30 (a) | 200,000 | 168,720 |
103,667,364 | ||
Transportation 0.6% | ||
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 03/22/29 | 138,419 | 126,627 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 138,127 | 127,178 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 140,302 | 125,917 |
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 02/15/29 | 106,500 | 97,097 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 08/15/33 | 100,474 | 87,264 |
American Airlines 2021-1 Class A Pass-Through Trust | ||
2.88%, 01/11/36 | 145,978 | 120,245 |
Burlington Northern Santa Fe LLC | ||
3.75%, 04/01/24 (a) | 100,000 | 98,570 |
3.40%, 09/01/24 (a) | 200,000 | 194,990 |
3.65%, 09/01/25 (a) | 100,000 | 96,475 |
3.25%, 06/15/27 (a) | 200,000 | 188,890 |
6.20%, 08/15/36 | 150,000 | 163,719 |
5.75%, 05/01/40 (a) | 100,000 | 104,385 |
5.05%, 03/01/41 (a) | 100,000 | 97,361 |
5.40%, 06/01/41 (a) | 100,000 | 100,397 |
4.95%, 09/15/41 (a) | 100,000 | 95,669 |
4.38%, 09/01/42 (a) | 250,000 | 223,142 |
4.45%, 03/15/43 (a) | 200,000 | 178,714 |
5.15%, 09/01/43 (a) | 100,000 | 98,194 |
4.90%, 04/01/44 (a) | 100,000 | 94,347 |
4.55%, 09/01/44 (a) | 90,000 | 81,707 |
4.15%, 04/01/45 (a) | 250,000 | 214,017 |
4.70%, 09/01/45 (a) | 100,000 | 92,266 |
3.90%, 08/01/46 (a) | 100,000 | 81,248 |
4.05%, 06/15/48 (a) | 200,000 | 167,778 |
4.15%, 12/15/48 (a) | 200,000 | 169,862 |
3.55%, 02/15/50 (a) | 100,000 | 77,034 |
3.05%, 02/15/51 (a) | 100,000 | 69,365 |
3.30%, 09/15/51 (a) | 200,000 | 145,826 |
2.88%, 06/15/52 (a) | 150,000 | 100,493 |
4.45%, 01/15/53 (a) | 200,000 | 178,200 |
Canadian National Railway Co. | ||
2.75%, 03/01/26 (a) | 100,000 | 93,663 |
6.90%, 07/15/28 | 150,000 | 163,456 |
3.85%, 08/05/32 (a) | 150,000 | 137,706 |
6.20%, 06/01/36 | 150,000 | 162,370 |
3.20%, 08/02/46 (a) | 150,000 | 110,256 |
3.65%, 02/03/48 (a) | 100,000 | 80,070 |
4.45%, 01/20/49 (a) | 150,000 | 135,076 |
2.45%, 05/01/50 (a) | 200,000 | 123,712 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 300,000 | 279,618 |
2.90%, 02/01/25 (a) | 50,000 | 47,692 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 12/02/26 (a) | 200,000 | 177,228 |
4.00%, 06/01/28 (a) | 100,000 | 95,170 |
2.05%, 03/05/30 (a) | 100,000 | 82,225 |
2.45%, 12/02/31 (a) | 300,000 | 249,852 |
4.80%, 09/15/35 (a) | 50,000 | 46,792 |
5.95%, 05/15/37 | 100,000 | 102,800 |
3.00%, 12/02/41 (a) | 200,000 | 151,656 |
4.80%, 08/01/45 (a) | 100,000 | 91,445 |
3.10%, 12/02/51 (a) | 400,000 | 273,268 |
6.13%, 09/15/15 (a) | 100,000 | 102,643 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 150,000 | 143,017 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 150,000 | 146,104 |
3.35%, 11/01/25 (a) | 100,000 | 95,477 |
2.60%, 11/01/26 (a) | 100,000 | 91,748 |
3.25%, 06/01/27 (a) | 150,000 | 139,917 |
3.80%, 03/01/28 (a) | 200,000 | 190,092 |
4.25%, 03/15/29 (a) | 150,000 | 142,372 |
2.40%, 02/15/30 (a) | 100,000 | 84,462 |
6.15%, 05/01/37 | 150,000 | 158,703 |
6.22%, 04/30/40 | 100,000 | 107,324 |
4.75%, 05/30/42 (a) | 150,000 | 136,800 |
4.10%, 03/15/44 (a) | 200,000 | 168,686 |
3.80%, 11/01/46 (a) | 100,000 | 78,525 |
4.30%, 03/01/48 (a) | 200,000 | 170,470 |
4.75%, 11/15/48 (a) | 100,000 | 90,563 |
4.50%, 03/15/49 (a) | 150,000 | 131,787 |
3.35%, 09/15/49 (a) | 100,000 | 72,237 |
3.80%, 04/15/50 (a) | 100,000 | 77,590 |
3.95%, 05/01/50 (a) | 200,000 | 160,316 |
2.50%, 05/15/51 (a) | 100,000 | 61,823 |
4.50%, 08/01/54 (a) | 100,000 | 85,843 |
4.25%, 11/01/66 (a) | 200,000 | 159,630 |
4.65%, 03/01/68 (a) | 50,000 | 42,609 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 10/25/25 | 100,000 | 98,071 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 85,052 | 74,577 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 150,000 | 142,035 |
3.40%, 02/15/28 (a) | 150,000 | 138,331 |
3.10%, 08/05/29 (a) | 200,000 | 176,546 |
4.25%, 05/15/30 (a) | 150,000 | 140,839 |
2.40%, 05/15/31 (a) | 150,000 | 122,076 |
4.90%, 01/15/34 | 150,000 | 143,946 |
3.90%, 02/01/35 | 50,000 | 42,859 |
1.88%, 08/20/35 | 216,580 | 178,724 |
3.88%, 08/01/42 | 150,000 | 116,457 |
4.10%, 04/15/43 | 100,000 | 78,979 |
5.10%, 01/15/44 | 75,000 | 67,973 |
4.10%, 02/01/45 | 150,000 | 117,537 |
4.75%, 11/15/45 (a) | 300,000 | 256,713 |
4.55%, 04/01/46 (a) | 150,000 | 124,290 |
4.40%, 01/15/47 (a) | 100,000 | 81,942 |
4.05%, 02/15/48 (a) | 150,000 | 115,455 |
4.95%, 10/17/48 (a) | 150,000 | 133,076 |
5.25%, 05/15/50 (a)(h) | 200,000 | 185,688 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 150,000 | 128,804 |
2.65%, 07/15/31 (a) | 100,000 | 76,118 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 150,000 | 144,214 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 11/15/33 | 86,588 | 73,231 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
JetBlue 2020-1 Class A Pass-Through Trust | ||
Series 1A 4.00%, 05/15/34 | 86,913 | 79,970 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 150,000 | 130,121 |
4.95%, 08/15/45 (a) | 100,000 | 91,264 |
4.70%, 05/01/48 (a) | 150,000 | 131,925 |
3.50%, 05/01/50 (a) | 100,000 | 73,202 |
4.20%, 11/15/69 (a) | 100,000 | 77,069 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 100,000 | 94,349 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25 (a) | 100,000 | 96,237 |
2.90%, 06/15/26 (a) | 200,000 | 185,960 |
3.15%, 06/01/27 (a) | 50,000 | 46,216 |
3.80%, 08/01/28 (a) | 150,000 | 140,314 |
2.55%, 11/01/29 (a) | 100,000 | 84,696 |
3.00%, 03/15/32 (a) | 100,000 | 84,548 |
3.95%, 10/01/42 (a) | 130,000 | 106,933 |
4.45%, 06/15/45 (a) | 150,000 | 127,811 |
4.65%, 01/15/46 (a) | 150,000 | 132,524 |
3.94%, 11/01/47 (a) | 200,000 | 158,572 |
4.15%, 02/28/48 (a) | 100,000 | 81,680 |
4.10%, 05/15/49 (a) | 100,000 | 81,162 |
3.40%, 11/01/49 (a) | 100,000 | 71,218 |
3.05%, 05/15/50 (a) | 200,000 | 133,500 |
2.90%, 08/25/51 (a) | 100,000 | 64,285 |
4.05%, 08/15/52 (a) | 150,000 | 119,637 |
3.70%, 03/15/53 (a) | 75,000 | 55,925 |
3.16%, 05/15/55 (a) | 300,000 | 197,514 |
4.10%, 05/15/21 (a) | 100,000 | 68,474 |
Ryder System, Inc. | ||
3.65%, 03/18/24 (a) | 100,000 | 97,929 |
4.63%, 06/01/25 (a) | 150,000 | 146,637 |
3.35%, 09/01/25 (a) | 150,000 | 142,308 |
2.90%, 12/01/26 (a) | 100,000 | 91,157 |
2.85%, 03/01/27 (a) | 100,000 | 90,927 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 220,000 | 219,135 |
3.00%, 11/15/26 (a) | 95,000 | 87,693 |
5.13%, 06/15/27 (a) | 300,000 | 295,920 |
3.45%, 11/16/27 (a) | 100,000 | 92,129 |
2.63%, 02/10/30 (a) | 150,000 | 125,013 |
Union Pacific Corp. | ||
3.15%, 03/01/24 (a) | 100,000 | 97,931 |
3.25%, 01/15/25 (a) | 100,000 | 96,625 |
3.75%, 07/15/25 (a) | 150,000 | 145,677 |
2.75%, 03/01/26 (a) | 150,000 | 140,709 |
3.00%, 04/15/27 (a) | 200,000 | 186,352 |
3.95%, 09/10/28 (a) | 250,000 | 239,240 |
3.70%, 03/01/29 (a) | 150,000 | 140,460 |
2.40%, 02/05/30 (a) | 200,000 | 170,228 |
2.38%, 05/20/31 (a) | 200,000 | 165,950 |
2.80%, 02/14/32 (a) | 250,000 | 211,362 |
4.50%, 01/20/33 (a) | 200,000 | 192,672 |
3.60%, 09/15/37 (a) | 150,000 | 126,536 |
3.55%, 08/15/39 (a) | 100,000 | 82,375 |
3.20%, 05/20/41 (a) | 200,000 | 154,650 |
4.05%, 11/15/45 (a) | 150,000 | 125,019 |
4.05%, 03/01/46 (a) | 150,000 | 124,001 |
4.00%, 04/15/47 (a) | 150,000 | 123,525 |
4.30%, 03/01/49 (a) | 100,000 | 86,265 |
3.25%, 02/05/50 (a) | 350,000 | 253,326 |
3.80%, 10/01/51 (a) | 150,000 | 119,462 |
4.95%, 09/09/52 (a) | 150,000 | 145,057 |
3.50%, 02/14/53 (a) | 150,000 | 112,517 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.95%, 05/15/53 (a) | 100,000 | 95,829 |
3.88%, 02/01/55 (a) | 50,000 | 39,371 |
3.95%, 08/15/59 (a) | 100,000 | 78,117 |
3.84%, 03/20/60 (a) | 350,000 | 267,858 |
3.55%, 05/20/61 (a) | 100,000 | 71,924 |
2.97%, 09/16/62 (a) | 150,000 | 94,388 |
5.15%, 01/20/63 (a) | 100,000 | 96,305 |
4.10%, 09/15/67 (a) | 100,000 | 78,669 |
3.75%, 02/05/70 (a) | 200,000 | 145,452 |
3.80%, 04/06/71 (a) | 150,000 | 109,926 |
3.85%, 02/14/72 (a) | 100,000 | 74,318 |
United Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 10/11/25 | 79,863 | 78,341 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 | 88,296 | 82,642 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 91,190 | 85,755 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 106,468 | 96,453 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 04/07/30 | 73,569 | 65,679 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 121,367 | 109,375 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 75,008 | 68,734 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 88,452 | 74,739 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 | 377,267 | 374,531 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 108,525 | 105,053 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 100,000 | 95,745 |
3.90%, 04/01/25 (a) | 150,000 | 146,628 |
3.05%, 11/15/27 (a) | 250,000 | 232,285 |
3.40%, 03/15/29 (a) | 100,000 | 92,560 |
4.45%, 04/01/30 (a) | 250,000 | 244,730 |
6.20%, 01/15/38 | 295,000 | 326,863 |
5.20%, 04/01/40 (a) | 100,000 | 101,034 |
4.88%, 11/15/40 (a) | 100,000 | 97,274 |
3.40%, 11/15/46 (a) | 100,000 | 76,215 |
3.75%, 11/15/47 (a) | 150,000 | 123,494 |
4.25%, 03/15/49 (a) | 100,000 | 88,754 |
3.40%, 09/01/49 (a) | 100,000 | 77,917 |
5.30%, 04/01/50 (a) | 300,000 | 309,903 |
23,849,005 | ||
602,041,574 | ||
Utility 2.0% | ||
Electric 1.8% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 250,000 | 235,712 |
2.10%, 07/01/30 (a) | 175,000 | 141,008 |
4.15%, 05/01/49 (a) | 100,000 | 80,689 |
3.45%, 05/15/51 (a) | 100,000 | 71,480 |
5.25%, 05/15/52 (a) | 200,000 | 190,288 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 150,000 | 119,450 |
3.80%, 06/15/49 (a) | 100,000 | 79,861 |
3.65%, 04/01/50 (a) | 100,000 | 77,169 |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 100,000 | 95,478 |
1.45%, 09/15/30 (a) | 250,000 | 195,245 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.05%, 03/15/32 (a) | 150,000 | 127,973 |
6.00%, 03/01/39 | 100,000 | 104,516 |
3.85%, 12/01/42 | 150,000 | 122,070 |
4.15%, 08/15/44 (a) | 150,000 | 124,938 |
3.70%, 12/01/47 (a) | 100,000 | 77,059 |
4.30%, 07/15/48 (a) | 150,000 | 126,324 |
3.45%, 10/01/49 (a) | 100,000 | 73,144 |
3.13%, 07/15/51 (a) | 100,000 | 68,221 |
3.00%, 03/15/52 (a) | 150,000 | 99,353 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 100,000 | 95,470 |
1.95%, 03/15/27 (a) | 150,000 | 132,395 |
1.75%, 03/15/28 (a) | 100,000 | 85,281 |
3.50%, 01/15/31 (a) | 200,000 | 175,922 |
Ameren Illinois Co. | ||
3.85%, 09/01/32 (a) | 100,000 | 91,644 |
4.15%, 03/15/46 (a) | 150,000 | 124,506 |
3.70%, 12/01/47 (a) | 100,000 | 79,450 |
4.50%, 03/15/49 (a) | 100,000 | 90,737 |
2.90%, 06/15/51 (a) | 100,000 | 66,649 |
5.90%, 12/01/52 (a) | 100,000 | 108,962 |
American Electric Power Co., Inc. | ||
5.75%, 11/01/27 (a) | 150,000 | 153,471 |
3.20%, 11/13/27 (a) | 150,000 | 137,845 |
4.30%, 12/01/28 (a) | 100,000 | 95,229 |
2.30%, 03/01/30 (a) | 150,000 | 122,594 |
3.25%, 03/01/50 (a) | 150,000 | 101,079 |
3.88%, 02/15/62 (a)(b) | 150,000 | 125,823 |
Appalachian Power Co. | ||
3.30%, 06/01/27 (a) | 100,000 | 93,913 |
2.70%, 04/01/31 (a) | 150,000 | 124,278 |
7.00%, 04/01/38 | 100,000 | 112,571 |
4.50%, 03/01/49 (a) | 100,000 | 83,892 |
3.70%, 05/01/50 (a) | 200,000 | 150,112 |
Arizona Public Service Co. | ||
2.60%, 08/15/29 (a) | 100,000 | 84,939 |
6.35%, 12/15/32 (a) | 100,000 | 106,536 |
4.50%, 04/01/42 (a) | 150,000 | 128,033 |
4.25%, 03/01/49 (a) | 100,000 | 79,042 |
3.35%, 05/15/50 (a) | 250,000 | 170,617 |
2.65%, 09/15/50 (a) | 150,000 | 90,719 |
Atlantic City Electric Co. | ||
4.00%, 10/15/28 (a) | 100,000 | 94,462 |
2.30%, 03/15/31 (a) | 100,000 | 81,694 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 150,000 | 144,214 |
3.20%, 04/15/25 (a) | 150,000 | 142,540 |
3.80%, 06/01/29 (a) | 100,000 | 90,563 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 100,000 | 85,925 |
Baltimore Gas & Electric Co. | ||
6.35%, 10/01/36 | 100,000 | 108,309 |
3.50%, 08/15/46 (a) | 150,000 | 113,421 |
3.20%, 09/15/49 (a) | 150,000 | 106,764 |
4.55%, 06/01/52 (a) | 100,000 | 88,605 |
Berkshire Hathaway Energy Co. | ||
4.05%, 04/15/25 (a) | 400,000 | 391,632 |
3.25%, 04/15/28 (a) | 150,000 | 138,802 |
3.70%, 07/15/30 (a) | 150,000 | 138,022 |
6.13%, 04/01/36 | 298,000 | 317,084 |
5.95%, 05/15/37 | 200,000 | 208,096 |
5.15%, 11/15/43 (a) | 100,000 | 94,858 |
4.50%, 02/01/45 (a) | 150,000 | 130,803 |
3.80%, 07/15/48 (a) | 150,000 | 116,546 |
4.45%, 01/15/49 (a) | 100,000 | 86,441 |
4.25%, 10/15/50 (a) | 200,000 | 166,870 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.85%, 05/15/51 (a) | 250,000 | 162,902 |
4.60%, 05/01/53 (a) | 200,000 | 176,208 |
Black Hills Corp. | ||
3.15%, 01/15/27 (a) | 350,000 | 323,449 |
2.50%, 06/15/30 (a) | 50,000 | 40,750 |
4.35%, 05/01/33 (a) | 150,000 | 134,384 |
3.88%, 10/15/49 (a) | 100,000 | 73,363 |
CenterPoint Energy Houston Electric LLC | ||
3.00%, 02/01/27 (a) | 150,000 | 141,070 |
4.45%, 10/01/32 (a) | 150,000 | 143,925 |
4.50%, 04/01/44 (a) | 250,000 | 223,315 |
4.25%, 02/01/49 (a) | 100,000 | 87,336 |
2.90%, 07/01/50 (a) | 200,000 | 135,856 |
3.35%, 04/01/51 (a) | 150,000 | 111,074 |
3.60%, 03/01/52 (a) | 100,000 | 77,489 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 250,000 | 239,015 |
4.25%, 11/01/28 (a) | 45,000 | 42,244 |
2.95%, 03/01/30 (a) | 100,000 | 85,574 |
3.70%, 09/01/49 (a) | 100,000 | 75,815 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 150,000 | 140,898 |
CMS Energy Corp. | ||
3.45%, 08/15/27 (a) | 100,000 | 93,261 |
4.88%, 03/01/44 (a) | 100,000 | 90,063 |
4.75%, 06/01/50 (a)(b) | 100,000 | 89,718 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 100,000 | 92,554 |
2.95%, 08/15/27 (a) | 150,000 | 138,280 |
2.20%, 03/01/30 (a) | 100,000 | 83,684 |
5.90%, 03/15/36 | 150,000 | 155,611 |
3.80%, 10/01/42 (a) | 100,000 | 81,784 |
4.60%, 08/15/43 (a) | 100,000 | 90,726 |
4.70%, 01/15/44 (a) | 100,000 | 91,859 |
3.70%, 03/01/45 (a) | 100,000 | 78,044 |
4.35%, 11/15/45 (a) | 100,000 | 86,022 |
3.65%, 06/15/46 (a) | 100,000 | 76,669 |
3.75%, 08/15/47 (a) | 150,000 | 117,749 |
4.00%, 03/01/48 (a) | 150,000 | 123,420 |
4.00%, 03/01/49 (a) | 150,000 | 122,679 |
3.20%, 11/15/49 (a) | 100,000 | 71,283 |
3.00%, 03/01/50 (a) | 150,000 | 102,974 |
3.13%, 03/15/51 (a) | 200,000 | 139,094 |
Connecticut Light & Power Co. | ||
0.75%, 12/01/25 (a) | 200,000 | 177,888 |
2.05%, 07/01/31 (a) | 100,000 | 80,824 |
4.00%, 04/01/48 (a) | 200,000 | 167,848 |
Consolidated Edison Co. of New York, Inc. | ||
4.00%, 12/01/28 (a) | 50,000 | 47,584 |
3.35%, 04/01/30 (a) | 200,000 | 178,918 |
2.40%, 06/15/31 (a) | 200,000 | 163,878 |
5.30%, 03/01/35 | 80,000 | 79,501 |
5.85%, 03/15/36 | 150,000 | 154,375 |
6.75%, 04/01/38 | 100,000 | 111,238 |
5.50%, 12/01/39 | 200,000 | 195,340 |
4.20%, 03/15/42 | 50,000 | 42,121 |
4.45%, 03/15/44 (a) | 230,000 | 196,673 |
4.50%, 12/01/45 (a) | 150,000 | 128,775 |
3.85%, 06/15/46 (a) | 200,000 | 156,320 |
3.88%, 06/15/47 (a) | 150,000 | 117,000 |
4.65%, 12/01/48 (a) | 100,000 | 88,102 |
4.13%, 05/15/49 (a) | 100,000 | 81,866 |
3.95%, 04/01/50 (a) | 150,000 | 119,060 |
6.15%, 11/15/52 (a) | 150,000 | 160,755 |
4.63%, 12/01/54 (a) | 100,000 | 85,873 |
4.30%, 12/01/56 (a) | 150,000 | 121,826 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 11/15/57 (a) | 100,000 | 77,792 |
4.50%, 05/15/58 (a) | 100,000 | 83,428 |
3.70%, 11/15/59 (a) | 100,000 | 72,418 |
3.00%, 12/01/60 (a) | 100,000 | 62,464 |
3.60%, 06/15/61 (a) | 200,000 | 144,210 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 250,000 | 237,780 |
6.25%, 10/01/39 | 262,000 | 270,219 |
5.75%, 10/01/41 (a) | 100,000 | 97,291 |
Consumers Energy Co. | ||
3.95%, 05/15/43 (a) | 230,000 | 192,142 |
4.05%, 05/15/48 (a) | 100,000 | 83,640 |
4.35%, 04/15/49 (a) | 100,000 | 87,942 |
3.50%, 08/01/51 (a) | 200,000 | 152,084 |
2.50%, 05/01/60 (a) | 200,000 | 112,672 |
Dominion Energy South Carolina, Inc. | ||
5.30%, 05/15/33 | 150,000 | 151,938 |
6.05%, 01/15/38 | 100,000 | 108,184 |
5.45%, 02/01/41 (a) | 100,000 | 99,263 |
5.10%, 06/01/65 (a) | 100,000 | 96,843 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 | 150,000 | 144,735 |
3.90%, 10/01/25 (a) | 150,000 | 145,165 |
1.45%, 04/15/26 (a) | 200,000 | 177,770 |
2.85%, 08/15/26 (a) | 150,000 | 138,078 |
4.25%, 06/01/28 (a) | 150,000 | 143,020 |
3.38%, 04/01/30 (a) | 350,000 | 307,002 |
5.38%, 11/15/32 (a) | 150,000 | 147,361 |
5.25%, 08/01/33 | 180,000 | 175,858 |
5.95%, 06/15/35 | 100,000 | 102,940 |
7.00%, 06/15/38 | 100,000 | 110,016 |
4.90%, 08/01/41 (a) | 100,000 | 88,442 |
4.05%, 09/15/42 (a) | 100,000 | 77,672 |
4.70%, 12/01/44 (a) | 50,000 | 43,151 |
4.60%, 03/15/49 (a) | 100,000 | 85,324 |
4.85%, 08/15/52 (a) | 100,000 | 87,140 |
5.75%, 10/01/54 (a)(b) | 150,000 | 145,081 |
DTE Electric Co. | ||
2.25%, 03/01/30 (a) | 150,000 | 126,123 |
2.63%, 03/01/31 (a) | 300,000 | 253,827 |
3.70%, 03/15/45 (a) | 250,000 | 199,800 |
3.75%, 08/15/47 (a) | 150,000 | 118,188 |
4.05%, 05/15/48 (a) | 100,000 | 83,307 |
3.95%, 03/01/49 (a) | 150,000 | 123,543 |
2.95%, 03/01/50 (a) | 100,000 | 68,349 |
DTE Energy Co. | ||
2.53%, 10/01/24 | 100,000 | 95,535 |
4.22%, 11/01/24 (g) | 200,000 | 195,800 |
1.05%, 06/01/25 (a) | 200,000 | 181,222 |
2.85%, 10/01/26 (a) | 200,000 | 183,800 |
3.40%, 06/15/29 (a) | 100,000 | 89,078 |
2.95%, 03/01/30 (a) | 100,000 | 85,685 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 150,000 | 139,732 |
3.95%, 11/15/28 (a) | 150,000 | 143,049 |
2.45%, 08/15/29 (a) | 150,000 | 127,964 |
2.45%, 02/01/30 (a) | 100,000 | 85,492 |
6.45%, 10/15/32 | 230,000 | 249,288 |
6.05%, 04/15/38 | 150,000 | 159,670 |
5.30%, 02/15/40 | 150,000 | 147,162 |
4.25%, 12/15/41 (a) | 155,000 | 133,833 |
3.75%, 06/01/45 (a) | 150,000 | 117,531 |
3.88%, 03/15/46 (a) | 100,000 | 78,330 |
3.70%, 12/01/47 (a) | 150,000 | 115,124 |
3.95%, 03/15/48 (a) | 100,000 | 80,151 |
3.20%, 08/15/49 (a) | 150,000 | 106,140 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.45%, 04/15/51 (a) | 150,000 | 109,205 |
3.55%, 03/15/52 (a) | 100,000 | 74,711 |
5.35%, 01/15/53 (a) | 150,000 | 148,350 |
Duke Energy Corp. | ||
3.75%, 04/15/24 (a) | 205,000 | 201,236 |
0.90%, 09/15/25 (a) | 200,000 | 179,014 |
2.65%, 09/01/26 (a) | 300,000 | 274,140 |
3.15%, 08/15/27 (a) | 200,000 | 184,244 |
4.30%, 03/15/28 (a) | 175,000 | 167,190 |
3.40%, 06/15/29 (a) | 50,000 | 44,737 |
2.45%, 06/01/30 (a) | 250,000 | 205,605 |
2.55%, 06/15/31 (a) | 200,000 | 161,330 |
4.50%, 08/15/32 (a) | 200,000 | 185,346 |
4.80%, 12/15/45 (a) | 200,000 | 175,718 |
3.75%, 09/01/46 (a) | 250,000 | 184,337 |
3.95%, 08/15/47 (a) | 100,000 | 75,805 |
4.20%, 06/15/49 (a) | 100,000 | 79,503 |
3.50%, 06/15/51 (a) | 200,000 | 140,068 |
5.00%, 08/15/52 (a) | 200,000 | 177,976 |
3.25%, 01/15/82 (a)(b) | 100,000 | 79,689 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 255,000 | 239,733 |
3.80%, 07/15/28 (a) | 150,000 | 142,123 |
1.75%, 06/15/30 (a) | 250,000 | 199,715 |
2.40%, 12/15/31 (a) | 100,000 | 81,333 |
6.35%, 09/15/37 | 150,000 | 161,751 |
4.20%, 07/15/48 (a) | 150,000 | 126,582 |
3.00%, 12/15/51 (a) | 100,000 | 67,898 |
5.95%, 11/15/52 (a) | 150,000 | 160,254 |
Duke Energy Indiana LLC | ||
6.12%, 10/15/35 | 100,000 | 105,964 |
6.35%, 08/15/38 | 200,000 | 218,552 |
4.90%, 07/15/43 (a) | 100,000 | 93,111 |
3.25%, 10/01/49 (a) | 150,000 | 106,160 |
2.75%, 04/01/50 (a) | 100,000 | 62,957 |
Duke Energy Ohio, Inc. | ||
2.13%, 06/01/30 (a) | 150,000 | 122,694 |
4.30%, 02/01/49 (a) | 150,000 | 122,918 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28 (a) | 200,000 | 187,978 |
2.00%, 08/15/31 (a) | 150,000 | 118,295 |
4.10%, 05/15/42 (a) | 100,000 | 83,650 |
4.10%, 03/15/43 (a) | 150,000 | 125,517 |
4.15%, 12/01/44 (a) | 278,000 | 231,663 |
4.20%, 08/15/45 (a) | 100,000 | 83,530 |
3.70%, 10/15/46 (a) | 250,000 | 190,255 |
2.50%, 08/15/50 (a) | 150,000 | 89,904 |
Edison International | ||
3.55%, 11/15/24 (a) | 100,000 | 96,763 |
4.95%, 04/15/25 (a) | 100,000 | 98,648 |
4.70%, 08/15/25 | 100,000 | 97,544 |
5.75%, 06/15/27 (a) | 100,000 | 100,552 |
4.13%, 03/15/28 (a) | 100,000 | 93,365 |
6.95%, 11/15/29 (a) | 100,000 | 105,046 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 44,000 | 44,101 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 150,000 | 141,184 |
4.75%, 06/15/46 (a) | 250,000 | 196,907 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 100,000 | 97,067 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 100,000 | 96,227 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 100,000 | 97,991 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Entergy Arkansas LLC | ||
3.70%, 06/01/24 (a) | 200,000 | 196,200 |
4.20%, 04/01/49 (a) | 150,000 | 125,426 |
2.65%, 06/15/51 (a) | 100,000 | 62,304 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 250,000 | 223,087 |
2.95%, 09/01/26 (a) | 300,000 | 276,156 |
1.90%, 06/15/28 (a) | 150,000 | 127,062 |
2.80%, 06/15/30 (a) | 100,000 | 83,863 |
2.40%, 06/15/31 (a) | 150,000 | 118,830 |
3.75%, 06/15/50 (a) | 150,000 | 110,186 |
Entergy Louisiana LLC | ||
0.95%, 10/01/24 (a) | 200,000 | 186,630 |
2.40%, 10/01/26 (a) | 150,000 | 135,429 |
3.25%, 04/01/28 (a) | 150,000 | 137,273 |
2.35%, 06/15/32 (a) | 100,000 | 79,372 |
4.00%, 03/15/33 (a) | 100,000 | 90,256 |
3.10%, 06/15/41 (a) | 100,000 | 75,150 |
4.20%, 09/01/48 (a) | 100,000 | 84,188 |
4.20%, 04/01/50 (a) | 150,000 | 124,247 |
2.90%, 03/15/51 (a) | 200,000 | 130,874 |
4.75%, 09/15/52 (a) | 100,000 | 90,931 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49 (a) | 100,000 | 77,147 |
Entergy Texas, Inc. | ||
1.75%, 03/15/31 (a) | 150,000 | 117,284 |
4.50%, 03/30/39 (a) | 100,000 | 88,526 |
3.55%, 09/30/49 (a) | 100,000 | 72,714 |
Evergy Kansas Central, Inc. | ||
3.10%, 04/01/27 (a) | 200,000 | 187,780 |
4.13%, 03/01/42 (a) | 100,000 | 83,833 |
4.25%, 12/01/45 (a) | 100,000 | 83,162 |
3.25%, 09/01/49 (a) | 100,000 | 70,809 |
3.45%, 04/15/50 (a) | 50,000 | 36,742 |
Evergy Metro, Inc. | ||
5.30%, 10/01/41 (a) | 100,000 | 97,381 |
4.20%, 03/15/48 (a) | 100,000 | 83,202 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 200,000 | 190,634 |
2.90%, 09/15/29 (a) | 250,000 | 214,370 |
Eversource Energy | ||
4.20%, 06/27/24 | 200,000 | 196,596 |
3.15%, 01/15/25 (a) | 130,000 | 125,004 |
0.80%, 08/15/25 (a) | 200,000 | 179,150 |
3.30%, 01/15/28 (a) | 100,000 | 92,203 |
4.25%, 04/01/29 (a) | 150,000 | 141,072 |
1.65%, 08/15/30 (a) | 250,000 | 193,577 |
2.55%, 03/15/31 (a) | 100,000 | 82,001 |
3.38%, 03/01/32 (a) | 150,000 | 128,735 |
3.45%, 01/15/50 (a) | 150,000 | 108,194 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 250,000 | 242,122 |
3.40%, 04/15/26 (a) | 150,000 | 141,519 |
4.05%, 04/15/30 (a) | 300,000 | 275,304 |
4.95%, 06/15/35 (a)(c) | 80,000 | 75,938 |
5.63%, 06/15/35 | 200,000 | 201,780 |
5.10%, 06/15/45 (a) | 200,000 | 184,246 |
4.45%, 04/15/46 (a) | 200,000 | 166,868 |
4.70%, 04/15/50 (a) | 100,000 | 87,041 |
4.10%, 03/15/52 (a) | 150,000 | 119,159 |
5.60%, 03/15/53 (a) | 100,000 | 97,844 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 150,000 | 143,496 |
3.13%, 12/01/25 (a) | 150,000 | 143,161 |
2.45%, 02/03/32 (a) | 300,000 | 246,636 |
5.63%, 04/01/34 | 150,000 | 157,605 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.65%, 02/01/37 | 100,000 | 102,926 |
5.96%, 04/01/39 | 200,000 | 214,266 |
5.69%, 03/01/40 | 150,000 | 156,937 |
5.25%, 02/01/41 (a) | 150,000 | 149,116 |
4.05%, 06/01/42 (a) | 100,000 | 85,223 |
4.05%, 10/01/44 (a) | 150,000 | 126,462 |
3.70%, 12/01/47 (a) | 100,000 | 79,096 |
3.95%, 03/01/48 (a) | 100,000 | 82,078 |
4.13%, 06/01/48 (a) | 150,000 | 127,070 |
3.99%, 03/01/49 (a) | 100,000 | 83,056 |
3.15%, 10/01/49 (a) | 100,000 | 71,018 |
2.88%, 12/04/51 (a) | 200,000 | 133,598 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 305,000 | 283,314 |
Georgia Power Co. | ||
2.20%, 09/15/24 (a) | 200,000 | 190,936 |
2.65%, 09/15/29 (a) | 150,000 | 127,473 |
4.75%, 09/01/40 | 150,000 | 134,861 |
4.30%, 03/15/42 | 150,000 | 126,387 |
4.30%, 03/15/43 | 100,000 | 83,816 |
3.70%, 01/30/50 (a) | 100,000 | 74,115 |
3.25%, 03/15/51 (a) | 100,000 | 67,904 |
5.13%, 05/15/52 (a) | 200,000 | 187,112 |
Iberdrola International BV | ||
6.75%, 07/15/36 | 100,000 | 109,012 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 150,000 | 125,645 |
Indiana Michigan Power Co. | ||
4.55%, 03/15/46 (a) | 100,000 | 85,763 |
3.75%, 07/01/47 (a) | 100,000 | 75,644 |
4.25%, 08/15/48 (a) | 100,000 | 82,673 |
3.25%, 05/01/51 (a) | 150,000 | 104,201 |
Interstate Power & Light Co. | ||
3.25%, 12/01/24 (a) | 100,000 | 96,419 |
2.30%, 06/01/30 (a) | 200,000 | 164,192 |
6.25%, 07/15/39 | 150,000 | 157,662 |
3.50%, 09/30/49 (a) | 100,000 | 73,167 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 100,000 | 93,610 |
5.30%, 07/01/43 (a) | 100,000 | 94,345 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 100,000 | 95,981 |
4.38%, 10/01/45 (a) | 100,000 | 85,126 |
3.30%, 06/01/50 (a) | 100,000 | 70,956 |
Louisville Gas & Electric Co. | ||
4.25%, 04/01/49 (a) | 100,000 | 85,046 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 200,000 | 185,442 |
6.75%, 12/30/31 | 100,000 | 111,376 |
4.80%, 09/15/43 (a) | 100,000 | 93,236 |
4.40%, 10/15/44 (a) | 100,000 | 88,908 |
4.25%, 05/01/46 (a) | 100,000 | 84,638 |
3.95%, 08/01/47 (a) | 50,000 | 41,548 |
3.65%, 08/01/48 (a) | 150,000 | 117,048 |
4.25%, 07/15/49 (a) | 150,000 | 129,921 |
3.15%, 04/15/50 (a) | 100,000 | 71,485 |
2.70%, 08/01/52 (a) | 200,000 | 130,214 |
Mississippi Power Co. | ||
4.25%, 03/15/42 | 100,000 | 82,515 |
3.10%, 07/30/51 (a) | 100,000 | 65,701 |
National Rural Utilities Cooperative Finance Corp. | ||
1.00%, 10/18/24 | 200,000 | 186,546 |
3.25%, 11/01/25 (a) | 250,000 | 237,480 |
3.40%, 02/07/28 (a) | 200,000 | 186,026 |
3.70%, 03/15/29 (a) | 250,000 | 229,867 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.40%, 03/15/30 (a) | 150,000 | 126,689 |
1.35%, 03/15/31 (a) | 150,000 | 112,658 |
1.65%, 06/15/31 (a) | 200,000 | 154,104 |
2.75%, 04/15/32 (a) | 100,000 | 82,805 |
4.02%, 11/01/32 (a) | 150,000 | 137,713 |
4.15%, 12/15/32 (a) | 100,000 | 92,179 |
4.40%, 11/01/48 (a) | 100,000 | 86,058 |
4.30%, 03/15/49 (a) | 100,000 | 85,369 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 250,000 | 233,520 |
6.65%, 04/01/36 | 100,000 | 110,547 |
6.75%, 07/01/37 | 100,000 | 111,871 |
3.13%, 08/01/50 (a) | 100,000 | 69,432 |
NextEra Energy Capital Holdings, Inc. | ||
2.94%, 03/21/24 (a) | 250,000 | 243,877 |
4.20%, 06/20/24 | 150,000 | 147,498 |
4.26%, 09/01/24 | 275,000 | 269,926 |
4.45%, 06/20/25 | 250,000 | 244,845 |
1.88%, 01/15/27 (a) | 150,000 | 132,263 |
3.55%, 05/01/27 (a) | 250,000 | 233,812 |
4.63%, 07/15/27 (a) | 200,000 | 194,624 |
4.90%, 02/28/28 (a) | 200,000 | 195,800 |
1.90%, 06/15/28 (a) | 300,000 | 253,758 |
3.50%, 04/01/29 (a) | 150,000 | 135,935 |
2.75%, 11/01/29 (a) | 150,000 | 127,803 |
2.25%, 06/01/30 (a) | 300,000 | 243,102 |
2.44%, 01/15/32 (a) | 200,000 | 158,476 |
5.00%, 07/15/32 (a) | 200,000 | 192,690 |
3.00%, 01/15/52 (a) | 100,000 | 65,671 |
5.25%, 02/28/53 (a) | 200,000 | 189,548 |
4.80%, 12/01/77 (a)(b) | 150,000 | 133,337 |
3.80%, 03/15/82 (a)(b) | 100,000 | 85,807 |
Northern States Power Co. | ||
5.35%, 11/01/39 | 100,000 | 100,963 |
3.40%, 08/15/42 (a) | 250,000 | 196,892 |
4.00%, 08/15/45 (a) | 150,000 | 124,431 |
3.60%, 09/15/47 (a) | 150,000 | 116,793 |
2.90%, 03/01/50 (a) | 150,000 | 101,931 |
3.20%, 04/01/52 (a) | 100,000 | 71,591 |
4.50%, 06/01/52 (a) | 100,000 | 90,413 |
NSTAR Electric Co. | ||
3.25%, 05/15/29 (a) | 150,000 | 135,974 |
5.50%, 03/15/40 | 250,000 | 254,307 |
4.55%, 06/01/52 (a) | 150,000 | 135,876 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 100,000 | 101,882 |
5.38%, 11/01/40 | 200,000 | 185,264 |
4.50%, 04/01/47 (a)(c) | 100,000 | 81,838 |
3.75%, 08/01/50 (a) | 100,000 | 74,184 |
Ohio Edison Co. | ||
6.88%, 07/15/36 | 100,000 | 109,850 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 100,000 | 84,793 |
1.63%, 01/15/31 (a) | 150,000 | 115,977 |
4.00%, 06/01/49 (a) | 50,000 | 40,303 |
2.90%, 10/01/51 (a) | 150,000 | 99,263 |
Oklahoma Gas & Electric Co. | ||
3.80%, 08/15/28 (a) | 100,000 | 93,665 |
3.30%, 03/15/30 (a) | 100,000 | 88,886 |
3.25%, 04/01/30 (a) | 150,000 | 132,726 |
Oncor Electric Delivery Co., LLC | ||
2.75%, 06/01/24 (a) | 250,000 | 242,232 |
2.95%, 04/01/25 (a) | 100,000 | 95,348 |
0.55%, 10/01/25 (a) | 250,000 | 223,162 |
3.70%, 11/15/28 (a) | 100,000 | 94,018 |
4.15%, 06/01/32 (a) | 100,000 | 94,169 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.55%, 09/15/32 (a) | 100,000 | 96,962 |
5.25%, 09/30/40 | 150,000 | 149,748 |
4.55%, 12/01/41 (a) | 380,000 | 349,535 |
5.30%, 06/01/42 (a) | 37,000 | 37,269 |
3.80%, 09/30/47 (a) | 100,000 | 81,561 |
3.80%, 06/01/49 (a) | 100,000 | 80,916 |
3.10%, 09/15/49 (a) | 150,000 | 105,824 |
3.70%, 05/15/50 (a) | 100,000 | 79,160 |
2.70%, 11/15/51 (a) | 100,000 | 65,113 |
4.60%, 06/01/52 (a) | 100,000 | 91,071 |
5.35%, 10/01/52 (a) | 78,000 | 79,697 |
Pacific Gas & Electric Co. | ||
3.40%, 08/15/24 (a) | 200,000 | 192,658 |
3.45%, 07/01/25 | 200,000 | 189,718 |
3.15%, 01/01/26 | 325,000 | 301,912 |
2.95%, 03/01/26 (a) | 200,000 | 184,558 |
2.10%, 08/01/27 (a) | 200,000 | 170,332 |
3.30%, 12/01/27 (a) | 250,000 | 223,550 |
3.00%, 06/15/28 (a) | 150,000 | 131,156 |
3.75%, 07/01/28 | 200,000 | 180,214 |
4.55%, 07/01/30 (a) | 550,000 | 497,024 |
2.50%, 02/01/31 (a) | 450,000 | 350,923 |
3.25%, 06/01/31 (a) | 150,000 | 122,571 |
4.40%, 03/01/32 (a) | 100,000 | 87,266 |
5.90%, 06/15/32 (a) | 100,000 | 96,706 |
4.50%, 07/01/40 (a) | 350,000 | 274,491 |
3.30%, 08/01/40 (a) | 250,000 | 169,940 |
4.20%, 06/01/41 (a) | 100,000 | 75,666 |
4.60%, 06/15/43 (a) | 150,000 | 114,479 |
4.75%, 02/15/44 (a) | 200,000 | 157,390 |
4.30%, 03/15/45 (a) | 200,000 | 144,896 |
4.00%, 12/01/46 (a) | 100,000 | 68,388 |
3.95%, 12/01/47 (a) | 200,000 | 137,428 |
4.95%, 07/01/50 (a) | 550,000 | 434,907 |
3.50%, 08/01/50 (a) | 350,000 | 220,773 |
5.25%, 03/01/52 (a) | 100,000 | 82,518 |
6.75%, 01/15/53 (a) | 150,000 | 149,446 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 150,000 | 137,800 |
7.70%, 11/15/31 | 100,000 | 119,391 |
5.75%, 04/01/37 | 100,000 | 102,560 |
6.25%, 10/15/37 | 100,000 | 107,932 |
6.35%, 07/15/38 | 100,000 | 109,550 |
6.00%, 01/15/39 | 130,000 | 135,894 |
4.13%, 01/15/49 (a) | 150,000 | 124,566 |
4.15%, 02/15/50 (a) | 150,000 | 124,368 |
3.30%, 03/15/51 (a) | 100,000 | 71,536 |
5.35%, 12/01/53 (a) | 200,000 | 197,650 |
PECO Energy Co. | ||
4.15%, 10/01/44 (a) | 100,000 | 84,516 |
3.90%, 03/01/48 (a) | 150,000 | 123,041 |
3.00%, 09/15/49 (a) | 100,000 | 68,922 |
2.80%, 06/15/50 (a) | 100,000 | 65,540 |
3.05%, 03/15/51 (a) | 150,000 | 103,256 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 175,000 | 159,008 |
Potomac Electric Power Co. | ||
3.60%, 03/15/24 (a) | 150,000 | 147,144 |
6.50%, 11/15/37 | 150,000 | 165,900 |
4.15%, 03/15/43 (a) | 100,000 | 86,015 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 150,000 | 140,415 |
4.13%, 04/15/30 (a) | 200,000 | 187,108 |
PPL Electric Utilities Corp. | ||
4.75%, 07/15/43 (a) | 50,000 | 45,952 |
4.13%, 06/15/44 (a) | 100,000 | 84,506 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 06/01/47 (a) | 150,000 | 125,135 |
4.15%, 06/15/48 (a) | 100,000 | 85,976 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 150,000 | 169,312 |
7.00%, 10/30/31 | 100,000 | 107,942 |
6.00%, 12/01/39 | 100,000 | 100,903 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 100,000 | 94,560 |
1.90%, 01/15/31 (a) | 150,000 | 120,962 |
1.88%, 06/15/31 (a) | 150,000 | 118,761 |
6.25%, 09/01/37 | 100,000 | 109,665 |
3.60%, 09/15/42 (a) | 100,000 | 79,670 |
4.30%, 03/15/44 (a) | 40,000 | 35,379 |
3.80%, 06/15/47 (a) | 200,000 | 159,660 |
4.05%, 09/15/49 (a) | 100,000 | 82,080 |
3.20%, 03/01/50 (a) | 100,000 | 72,025 |
Public Service Co. of New Hampshire | ||
2.20%, 06/15/31 (a) | 100,000 | 82,016 |
3.60%, 07/01/49 (a) | 50,000 | 38,977 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 100,000 | 79,650 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 250,000 | 222,062 |
2.25%, 09/15/26 (a) | 150,000 | 136,487 |
3.20%, 05/15/29 (a) | 100,000 | 90,231 |
1.90%, 08/15/31 (a) | 250,000 | 199,180 |
4.90%, 12/15/32 (a) | 150,000 | 149,674 |
3.95%, 05/01/42 (a) | 150,000 | 126,081 |
3.80%, 03/01/46 (a) | 150,000 | 120,207 |
3.60%, 12/01/47 (a) | 100,000 | 77,835 |
3.85%, 05/01/49 (a) | 150,000 | 122,390 |
3.15%, 01/01/50 (a) | 100,000 | 72,254 |
2.70%, 05/01/50 (a) | 150,000 | 99,000 |
2.05%, 08/01/50 (a) | 200,000 | 113,742 |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 200,000 | 193,130 |
0.80%, 08/15/25 (a) | 250,000 | 224,325 |
1.60%, 08/15/30 (a) | 200,000 | 154,920 |
Puget Energy, Inc. | ||
4.10%, 06/15/30 (a) | 250,000 | 224,647 |
Puget Sound Energy, Inc. | ||
6.27%, 03/15/37 | 362,000 | 386,446 |
4.22%, 06/15/48 (a) | 100,000 | 84,384 |
3.25%, 09/15/49 (a) | 100,000 | 71,319 |
2.89%, 09/15/51 (a) | 100,000 | 65,447 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 150,000 | 137,961 |
1.70%, 10/01/30 (a) | 200,000 | 157,678 |
6.00%, 06/01/39 | 150,000 | 156,964 |
4.50%, 08/15/40 | 100,000 | 90,445 |
4.15%, 05/15/48 (a) | 100,000 | 84,053 |
4.10%, 06/15/49 (a) | 100,000 | 81,496 |
3.32%, 04/15/50 (a) | 100,000 | 71,642 |
2.95%, 08/15/51 (a) | 150,000 | 99,527 |
Southern California Edison Co. | ||
4.20%, 06/01/25 | 100,000 | 97,959 |
3.70%, 08/01/25 (a) | 200,000 | 192,258 |
1.20%, 02/01/26 (a) | 250,000 | 221,697 |
5.85%, 11/01/27 (a) | 150,000 | 153,645 |
3.65%, 03/01/28 (a) | 250,000 | 233,955 |
4.20%, 03/01/29 (a) | 100,000 | 94,440 |
2.85%, 08/01/29 (a) | 100,000 | 86,486 |
2.25%, 06/01/30 (a) | 150,000 | 123,588 |
2.75%, 02/01/32 (a) | 100,000 | 82,914 |
5.95%, 11/01/32 (a) | 125,000 | 130,329 |
6.00%, 01/15/34 | 150,000 | 156,973 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.55%, 01/15/37 | 150,000 | 147,952 |
5.95%, 02/01/38 | 100,000 | 102,908 |
5.50%, 03/15/40 | 100,000 | 97,618 |
4.50%, 09/01/40 (a) | 150,000 | 129,212 |
4.05%, 03/15/42 (a) | 100,000 | 80,750 |
3.90%, 03/15/43 (a) | 50,000 | 39,297 |
4.65%, 10/01/43 (a) | 150,000 | 130,671 |
3.60%, 02/01/45 (a) | 100,000 | 72,813 |
4.00%, 04/01/47 (a) | 300,000 | 235,392 |
4.13%, 03/01/48 (a) | 250,000 | 199,247 |
4.88%, 03/01/49 (a) | 100,000 | 89,388 |
3.65%, 02/01/50 (a) | 200,000 | 147,362 |
2.95%, 02/01/51 (a) | 200,000 | 129,136 |
3.65%, 06/01/51 (a) | 100,000 | 74,146 |
3.45%, 02/01/52 (a) | 100,000 | 71,129 |
5.45%, 06/01/52 (a) | 100,000 | 97,118 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 100,000 | 97,769 |
0.90%, 01/15/26 (a) | 150,000 | 132,932 |
5.25%, 07/15/43 | 50,000 | 45,620 |
4.95%, 12/15/46 (a) | 100,000 | 86,470 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 150,000 | 134,252 |
2.75%, 10/01/26 (a) | 150,000 | 137,046 |
4.10%, 09/15/28 (a) | 150,000 | 141,957 |
6.20%, 03/15/40 | 100,000 | 103,420 |
3.90%, 04/01/45 (a) | 150,000 | 115,514 |
3.85%, 02/01/48 (a) | 50,000 | 37,675 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 131,954 |
3.40%, 08/15/46 (a) | 150,000 | 108,257 |
3.70%, 08/15/47 (a) | 100,000 | 76,339 |
3.15%, 05/01/50 (a) | 150,000 | 104,975 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 100,000 | 81,243 |
4.10%, 06/15/42 (a) | 200,000 | 167,352 |
4.30%, 06/15/48 (a) | 250,000 | 208,060 |
The AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 132,828 |
2.45%, 01/15/31 (a) | 200,000 | 159,008 |
The Cleveland Electric Illuminating Co. | ||
5.50%, 08/15/24 | 100,000 | 99,975 |
The Connecticut Light & Power Co. | ||
5.25%, 01/15/53 (a) | 150,000 | 150,148 |
The Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 100,000 | 79,660 |
The Southern Co. | ||
4.48%, 08/01/24 (g) | 150,000 | 147,819 |
3.25%, 07/01/26 (a) | 400,000 | 373,552 |
5.11%, 08/01/27 (g) | 150,000 | 148,275 |
3.70%, 04/30/30 (a) | 250,000 | 225,627 |
4.25%, 07/01/36 (a) | 50,000 | 43,594 |
4.40%, 07/01/46 (a) | 400,000 | 328,400 |
4.00%, 01/15/51 (a)(b) | 250,000 | 234,227 |
3.75%, 09/15/51 (a)(b) | 200,000 | 172,120 |
The Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 104,756 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 200,000 | 154,708 |
4.85%, 12/01/48 (a) | 50,000 | 44,112 |
4.00%, 06/15/50 (a) | 100,000 | 78,533 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 150,000 | 137,805 |
2.95%, 03/15/30 (a) | 200,000 | 175,836 |
2.15%, 03/15/32 (a) | 100,000 | 79,114 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 09/15/42 (a) | 40,000 | 32,771 |
4.00%, 04/01/48 (a) | 250,000 | 201,767 |
2.63%, 03/15/51 (a) | 100,000 | 63,911 |
3.90%, 04/01/52 (a) | 150,000 | 120,525 |
Virginia Electric & Power Co. | ||
3.50%, 03/15/27 (a) | 250,000 | 235,395 |
3.75%, 05/15/27 (a) | 150,000 | 142,503 |
3.80%, 04/01/28 (a) | 150,000 | 141,688 |
2.88%, 07/15/29 (a) | 250,000 | 219,780 |
2.40%, 03/30/32 (a) | 150,000 | 121,299 |
6.00%, 05/15/37 | 150,000 | 158,188 |
8.88%, 11/15/38 | 150,000 | 201,721 |
4.00%, 01/15/43 (a) | 100,000 | 82,316 |
4.65%, 08/15/43 (a) | 200,000 | 177,776 |
4.45%, 02/15/44 (a) | 100,000 | 86,192 |
4.20%, 05/15/45 (a) | 100,000 | 81,947 |
3.80%, 09/15/47 (a) | 150,000 | 116,606 |
4.60%, 12/01/48 (a) | 150,000 | 130,725 |
3.30%, 12/01/49 (a) | 250,000 | 180,430 |
2.45%, 12/15/50 (a) | 200,000 | 119,008 |
4.63%, 05/15/52 (a) | 100,000 | 88,074 |
WEC Energy Group, Inc. | ||
0.80%, 03/15/24 (a) | 200,000 | 190,624 |
5.15%, 10/01/27 (a) | 100,000 | 99,460 |
1.38%, 10/15/27 (a) | 200,000 | 169,608 |
1.80%, 10/15/30 (a) | 100,000 | 78,528 |
Wisconsin Electric Power Co. | ||
1.70%, 06/15/28 (a) | 100,000 | 85,050 |
4.75%, 09/30/32 (a) | 100,000 | 97,899 |
4.30%, 10/15/48 (a) | 100,000 | 85,136 |
Wisconsin Power & Light Co. | ||
3.00%, 07/01/29 (a) | 100,000 | 87,983 |
3.95%, 09/01/32 (a) | 100,000 | 91,207 |
3.65%, 04/01/50 (a) | 100,000 | 74,533 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 250,000 | 193,622 |
3.30%, 09/01/49 (a) | 100,000 | 73,070 |
Xcel Energy, Inc. | ||
3.35%, 12/01/26 (a) | 150,000 | 140,670 |
4.00%, 06/15/28 (a) | 250,000 | 236,742 |
2.60%, 12/01/29 (a) | 100,000 | 84,554 |
3.40%, 06/01/30 (a) | 100,000 | 88,674 |
4.60%, 06/01/32 (a) | 200,000 | 189,862 |
3.50%, 12/01/49 (a) | 100,000 | 72,822 |
79,079,589 | ||
Natural Gas 0.2% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 125,000 | 108,039 |
1.50%, 01/15/31 (a) | 150,000 | 116,538 |
4.13%, 10/15/44 (a) | 300,000 | 252,744 |
4.30%, 10/01/48 (a) | 100,000 | 86,253 |
4.13%, 03/15/49 (a) | 100,000 | 83,644 |
3.38%, 09/15/49 (a) | 100,000 | 74,052 |
2.85%, 02/15/52 (a) | 150,000 | 98,414 |
5.75%, 10/15/52 (a) | 100,000 | 105,045 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 100,000 | 95,231 |
1.75%, 10/01/30 (a) | 100,000 | 78,875 |
5.85%, 01/15/41 (a) | 100,000 | 102,895 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 350,000 | 315,791 |
3.49%, 05/15/27 (a) | 250,000 | 234,155 |
2.95%, 09/01/29 (a) | 100,000 | 86,401 |
1.70%, 02/15/31 (a) | 250,000 | 190,785 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.25%, 02/15/43 (a) | 45,000 | 43,074 |
4.80%, 02/15/44 (a) | 209,000 | 186,217 |
5.65%, 02/01/45 (a) | 100,000 | 98,461 |
4.38%, 05/15/47 (a) | 200,000 | 167,622 |
3.95%, 03/30/48 (a) | 100,000 | 78,366 |
5.00%, 06/15/52 (a) | 75,000 | 68,732 |
ONE Gas, Inc. | ||
1.10%, 03/11/24 (a) | 68,000 | 65,059 |
2.00%, 05/15/30 (a) | 100,000 | 81,993 |
4.66%, 02/01/44 (a) | 100,000 | 89,727 |
4.50%, 11/01/48 (a) | 100,000 | 85,704 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 150,000 | 136,753 |
2.50%, 03/15/31 (a) | 100,000 | 81,503 |
3.64%, 11/01/46 (a) | 100,000 | 71,610 |
3.35%, 06/01/50 (a) | 100,000 | 68,173 |
Sempra Energy | ||
3.30%, 04/01/25 (a) | 150,000 | 143,610 |
3.25%, 06/15/27 (a) | 200,000 | 184,226 |
3.40%, 02/01/28 (a) | 200,000 | 183,274 |
3.70%, 04/01/29 (a) | 150,000 | 136,471 |
3.80%, 02/01/38 (a) | 150,000 | 123,620 |
6.00%, 10/15/39 | 150,000 | 152,770 |
4.00%, 02/01/48 (a) | 150,000 | 116,591 |
4.13%, 04/01/52 (a)(b) | 150,000 | 127,377 |
Southern California Gas Co. | ||
3.15%, 09/15/24 (a) | 50,000 | 48,367 |
2.95%, 04/15/27 (a) | 150,000 | 138,898 |
2.55%, 02/01/30 (a) | 100,000 | 84,789 |
3.75%, 09/15/42 (a) | 150,000 | 118,265 |
4.30%, 01/15/49 (a) | 150,000 | 123,311 |
3.95%, 02/15/50 (a) | 100,000 | 77,284 |
6.35%, 11/15/52 (a) | 100,000 | 109,621 |
Southern Co. Gas Capital Corp. | ||
1.75%, 01/15/31 (a) | 100,000 | 77,263 |
5.15%, 09/15/32 (a) | 100,000 | 97,822 |
5.88%, 03/15/41 (a) | 150,000 | 151,962 |
4.40%, 06/01/43 (a) | 75,000 | 61,682 |
3.95%, 10/01/46 (a) | 150,000 | 112,794 |
4.40%, 05/30/47 (a) | 100,000 | 81,254 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 250,000 | 199,467 |
4.05%, 03/15/32 (a) | 150,000 | 134,392 |
4.15%, 06/01/49 (a) | 100,000 | 77,221 |
Spire Missouri, Inc. | ||
3.30%, 06/01/51 (a) | 100,000 | 70,754 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 100,000 | 77,083 |
6,362,024 | ||
Utility Other 0.0% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 150,000 | 144,649 |
3.75%, 09/01/28 (a) | 240,000 | 224,573 |
3.45%, 06/01/29 (a) | 300,000 | 272,682 |
2.30%, 06/01/31 (a) | 200,000 | 163,294 |
3.75%, 09/01/47 (a) | 400,000 | 313,224 |
4.15%, 06/01/49 (a) | 150,000 | 124,104 |
3.45%, 05/01/50 (a) | 100,000 | 74,081 |
3.25%, 06/01/51 (a) | 200,000 | 142,350 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 100,000 | 89,982 |
2.70%, 04/15/30 (a) | 100,000 | 83,997 |
2.40%, 05/01/31 (a) | 200,000 | 160,878 |
4.28%, 05/01/49 (a) | 100,000 | 81,607 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.35%, 04/15/50 (a) | 100,000 | 70,106 |
5.30%, 05/01/52 (a) | 100,000 | 94,779 |
2,040,306 | ||
87,481,919 | ||
Total Corporates (Cost $1,209,133,599) | 1,043,422,455 | |
TREASURIES 40.6% OF NET ASSETS | ||
Bonds | ||
7.50%, 11/15/24 | 800,000 | 834,828 |
7.63%, 02/15/25 | 550,000 | 578,735 |
6.88%, 08/15/25 | 500,000 | 525,879 |
6.00%, 02/15/26 | 1,310,800 | 1,365,741 |
6.75%, 08/15/26 | 750,000 | 805,957 |
6.50%, 11/15/26 | 955,300 | 1,024,634 |
6.63%, 02/15/27 | 696,400 | 754,533 |
6.38%, 08/15/27 | 743,300 | 805,929 |
6.13%, 11/15/27 | 1,509,500 | 1,631,734 |
5.50%, 08/15/28 | 280,000 | 297,467 |
5.25%, 11/15/28 | 1,588,100 | 1,677,120 |
5.25%, 02/15/29 | 795,300 | 840,315 |
6.13%, 08/15/29 | 900,000 | 1,002,164 |
6.25%, 05/15/30 | 950,000 | 1,080,254 |
5.38%, 02/15/31 | 1,460,000 | 1,597,103 |
4.50%, 02/15/36 | 1,458,700 | 1,558,416 |
4.75%, 02/15/37 | 1,485,000 | 1,625,031 |
5.00%, 05/15/37 | 1,020,000 | 1,141,045 |
4.38%, 02/15/38 | 1,427,600 | 1,496,415 |
4.50%, 05/15/38 | 1,410,000 | 1,496,363 |
3.50%, 02/15/39 | 1,755,300 | 1,655,193 |
4.25%, 05/15/39 | 2,229,500 | 2,298,649 |
4.50%, 08/15/39 | 2,123,300 | 2,253,352 |
4.38%, 11/15/39 | 2,675,900 | 2,799,869 |
4.63%, 02/15/40 | 2,548,600 | 2,745,519 |
1.13%, 05/15/40 | 7,450,000 | 4,722,020 |
4.38%, 05/15/40 | 2,777,000 | 2,898,494 |
1.13%, 08/15/40 | 8,100,000 | 5,106,797 |
3.88%, 08/15/40 | 2,609,100 | 2,560,791 |
1.38%, 11/15/40 | 8,500,000 | 5,590,078 |
4.25%, 11/15/40 | 2,573,600 | 2,646,988 |
1.88%, 02/15/41 | 11,300,000 | 8,083,031 |
4.75%, 02/15/41 | 1,900,000 | 2,078,125 |
2.25%, 05/15/41 | 10,000,000 | 7,604,687 |
4.38%, 05/15/41 | 2,313,700 | 2,416,913 |
1.75%, 08/15/41 | 12,600,000 | 8,740,266 |
3.75%, 08/15/41 | 2,103,600 | 2,019,949 |
2.00%, 11/15/41 | 11,300,000 | 8,170,430 |
3.13%, 11/15/41 | 2,381,600 | 2,082,039 |
2.38%, 02/15/42 | 9,000,000 | 6,927,891 |
3.13%, 02/15/42 | 2,430,900 | 2,116,592 |
3.00%, 05/15/42 | 2,505,300 | 2,133,420 |
3.25%, 05/15/42 | 7,800,000 | 6,900,563 |
2.75%, 08/15/42 | 2,668,100 | 2,175,752 |
3.38%, 08/15/42 | 7,200,000 | 6,485,625 |
2.75%, 11/15/42 | 4,010,800 | 3,262,222 |
4.00%, 11/15/42 | 7,600,000 | 7,497,875 |
3.13%, 02/15/43 | 3,982,900 | 3,435,874 |
3.88%, 02/15/43 | 4,800,000 | 4,660,125 |
2.88%, 05/15/43 | 5,272,800 | 4,366,538 |
3.63%, 08/15/43 | 3,942,900 | 3,674,598 |
3.75%, 11/15/43 | 3,602,900 | 3,416,281 |
3.63%, 02/15/44 | 2,562,900 | 2,380,494 |
3.38%, 05/15/44 | 4,093,600 | 3,655,457 |
3.13%, 08/15/44 | 4,938,200 | 4,228,720 |
3.00%, 11/15/44 | 4,153,600 | 3,479,614 |
2.50%, 02/15/45 | 5,307,000 | 4,058,197 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 05/15/45 | 2,568,600 | 2,146,386 |
2.88%, 08/15/45 | 3,388,200 | 2,766,148 |
3.00%, 11/15/45 | 1,518,600 | 1,267,319 |
2.50%, 02/15/46 | 4,300,000 | 3,272,031 |
2.50%, 05/15/46 | 3,117,800 | 2,371,964 |
2.25%, 08/15/46 | 5,895,800 | 4,259,255 |
2.88%, 11/15/46 | 2,248,900 | 1,834,786 |
3.00%, 02/15/47 | 4,000,000 | 3,333,438 |
3.00%, 05/15/47 | 3,100,000 | 2,584,625 |
2.75%, 08/15/47 | 5,675,000 | 4,516,502 |
2.75%, 11/15/47 | 4,850,000 | 3,860,676 |
3.00%, 02/15/48 | 5,900,000 | 4,923,273 |
3.13%, 05/15/48 | 7,000,000 | 5,982,266 |
3.00%, 08/15/48 | 8,000,000 | 6,683,125 |
3.38%, 11/15/48 | 6,700,000 | 6,000,164 |
3.00%, 02/15/49 | 8,500,000 | 7,117,422 |
2.88%, 05/15/49 | 9,000,000 | 7,363,125 |
2.25%, 08/15/49 | 7,800,000 | 5,600,156 |
2.38%, 11/15/49 | 7,700,000 | 5,685,969 |
2.00%, 02/15/50 | 9,020,000 | 6,106,117 |
1.25%, 05/15/50 | 13,300,000 | 7,386,695 |
1.38%, 08/15/50 | 11,800,000 | 6,773,938 |
1.63%, 11/15/50 | 11,900,000 | 7,302,695 |
1.88%, 02/15/51 | 13,500,000 | 8,828,789 |
2.38%, 05/15/51 | 13,300,000 | 9,776,539 |
2.00%, 08/15/51 | 13,500,000 | 9,086,133 |
1.88%, 11/15/51 | 11,800,000 | 7,685,672 |
2.25%, 02/15/52 | 11,300,000 | 8,073,320 |
2.88%, 05/15/52 | 10,700,000 | 8,776,508 |
3.00%, 08/15/52 | 8,950,000 | 7,536,879 |
4.00%, 11/15/52 | 9,800,000 | 9,982,219 |
3.63%, 02/15/53 | 3,000,000 | 2,858,203 |
Notes | ||
2.13%, 03/31/24 | 8,254,400 | 7,992,581 |
2.25%, 03/31/24 | 10,000,000 | 9,696,484 |
0.38%, 04/15/24 | 8,000,000 | 7,589,531 |
2.00%, 04/30/24 | 5,000,000 | 4,824,219 |
2.25%, 04/30/24 | 7,050,000 | 6,823,078 |
2.50%, 04/30/24 | 9,000,000 | 8,732,988 |
0.25%, 05/15/24 | 9,500,000 | 8,963,027 |
2.50%, 05/15/24 | 10,757,600 | 10,430,039 |
2.00%, 05/31/24 | 8,100,000 | 7,796,883 |
2.50%, 05/31/24 | 8,500,000 | 8,232,051 |
0.25%, 06/15/24 | 9,500,000 | 8,929,258 |
1.75%, 06/30/24 | 9,600,000 | 9,191,625 |
2.00%, 06/30/24 | 4,750,000 | 4,560,278 |
3.00%, 06/30/24 | 9,500,000 | 9,244,502 |
0.38%, 07/15/24 | 9,000,000 | 8,442,773 |
1.75%, 07/31/24 | 7,100,000 | 6,778,697 |
2.13%, 07/31/24 | 4,500,000 | 4,320,000 |
3.00%, 07/31/24 | 9,000,000 | 8,746,172 |
0.38%, 08/15/24 | 9,000,000 | 8,413,242 |
2.38%, 08/15/24 | 11,426,900 | 10,998,391 |
1.25%, 08/31/24 | 5,600,000 | 5,294,844 |
1.88%, 08/31/24 | 4,165,000 | 3,974,972 |
3.25%, 08/31/24 | 8,000,000 | 7,794,531 |
0.38%, 09/15/24 | 10,000,000 | 9,320,898 |
1.50%, 09/30/24 | 5,800,000 | 5,495,273 |
2.13%, 09/30/24 | 3,750,000 | 3,589,087 |
4.25%, 09/30/24 | 8,000,000 | 7,910,312 |
0.63%, 10/15/24 | 10,500,000 | 9,795,557 |
1.50%, 10/31/24 | 5,300,000 | 5,010,053 |
2.25%, 10/31/24 | 3,900,000 | 3,732,117 |
4.38%, 10/31/24 | 7,000,000 | 6,934,648 |
0.75%, 11/15/24 | 10,000,000 | 9,319,141 |
2.25%, 11/15/24 | 10,426,900 | 9,975,203 |
1.50%, 11/30/24 | 6,210,000 | 5,857,777 |
2.13%, 11/30/24 | 3,800,000 | 3,624,250 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 11/30/24 | 8,000,000 | 7,942,344 |
1.00%, 12/15/24 | 11,000,000 | 10,268,887 |
1.75%, 12/31/24 | 5,500,000 | 5,201,797 |
2.25%, 12/31/24 | 5,100,000 | 4,866,715 |
4.25%, 12/31/24 | 7,500,000 | 7,416,211 |
1.13%, 01/15/25 | 9,700,000 | 9,058,322 |
1.38%, 01/31/25 | 5,100,000 | 4,781,449 |
2.50%, 01/31/25 | 4,500,000 | 4,310,684 |
4.13%, 01/31/25 | 8,000,000 | 7,896,562 |
1.50%, 02/15/25 | 9,000,000 | 8,445,586 |
2.00%, 02/15/25 | 8,798,900 | 8,341,426 |
1.13%, 02/28/25 | 4,450,000 | 4,141,368 |
2.75%, 02/28/25 | 4,450,000 | 4,278,345 |
4.63%, 02/28/25 | 7,500,000 | 7,476,270 |
1.75%, 03/15/25 | 8,500,000 | 7,999,961 |
0.50%, 03/31/25 | 7,100,000 | 6,507,871 |
2.63%, 03/31/25 | 2,200,000 | 2,108,219 |
2.63%, 04/15/25 | 8,000,000 | 7,656,875 |
0.38%, 04/30/25 | 6,000,000 | 5,467,031 |
2.88%, 04/30/25 | 3,500,000 | 3,366,563 |
2.13%, 05/15/25 | 7,721,600 | 7,305,659 |
2.75%, 05/15/25 | 7,000,000 | 6,711,250 |
0.25%, 05/31/25 | 4,400,000 | 3,986,125 |
2.88%, 05/31/25 | 3,600,000 | 3,460,359 |
2.88%, 06/15/25 | 6,200,000 | 5,959,023 |
0.25%, 06/30/25 | 6,000,000 | 5,424,609 |
2.75%, 06/30/25 | 2,350,000 | 2,251,043 |
3.00%, 07/15/25 | 6,000,000 | 5,777,344 |
0.25%, 07/31/25 | 8,100,000 | 7,298,227 |
2.88%, 07/31/25 | 3,500,000 | 3,361,230 |
2.00%, 08/15/25 | 11,107,400 | 10,437,919 |
3.13%, 08/15/25 | 6,300,000 | 6,082,207 |
0.25%, 08/31/25 | 8,900,000 | 7,994,355 |
2.75%, 08/31/25 | 2,400,000 | 2,295,094 |
3.50%, 09/15/25 | 4,500,000 | 4,382,051 |
0.25%, 09/30/25 | 7,900,000 | 7,082,844 |
3.00%, 09/30/25 | 3,400,000 | 3,268,781 |
4.25%, 10/15/25 | 7,000,000 | 6,941,484 |
0.25%, 10/31/25 | 9,400,000 | 8,396,109 |
3.00%, 10/31/25 | 3,100,000 | 2,978,059 |
2.25%, 11/15/25 | 10,580,200 | 9,963,573 |
4.50%, 11/15/25 | 6,000,000 | 5,990,625 |
0.38%, 11/30/25 | 8,500,000 | 7,594,883 |
2.88%, 11/30/25 | 4,000,000 | 3,830,313 |
4.00%, 12/15/25 | 5,000,000 | 4,933,398 |
0.38%, 12/31/25 | 9,300,000 | 8,298,070 |
2.63%, 12/31/25 | 3,100,000 | 2,948,148 |
3.88%, 01/15/26 | 7,000,000 | 6,880,508 |
0.38%, 01/31/26 | 9,400,000 | 8,352,047 |
2.63%, 01/31/26 | 1,400,000 | 1,329,672 |
1.63%, 02/15/26 | 9,545,800 | 8,794,441 |
4.00%, 02/15/26 | 9,000,000 | 8,875,898 |
0.50%, 02/28/26 | 11,100,000 | 9,870,762 |
2.50%, 02/28/26 | 4,500,000 | 4,253,906 |
0.75%, 03/31/26 | 7,200,000 | 6,443,719 |
2.25%, 03/31/26 | 3,900,000 | 3,656,098 |
0.75%, 04/30/26 | 10,000,000 | 8,916,016 |
2.38%, 04/30/26 | 3,500,000 | 3,289,180 |
1.63%, 05/15/26 | 9,424,500 | 8,636,671 |
0.75%, 05/31/26 | 10,000,000 | 8,892,578 |
2.13%, 05/31/26 | 4,700,000 | 4,374,672 |
0.88%, 06/30/26 | 8,400,000 | 7,487,813 |
1.88%, 06/30/26 | 4,450,000 | 4,106,689 |
0.63%, 07/31/26 | 9,500,000 | 8,370,391 |
1.88%, 07/31/26 | 4,200,000 | 3,867,938 |
1.50%, 08/15/26 | 9,971,600 | 9,051,564 |
0.75%, 08/31/26 | 10,500,000 | 9,267,891 |
1.38%, 08/31/26 | 4,100,000 | 3,702,492 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.88%, 09/30/26 | 10,000,000 | 8,847,266 |
1.63%, 09/30/26 | 3,000,000 | 2,730,000 |
1.13%, 10/31/26 | 10,200,000 | 9,087,562 |
1.63%, 10/31/26 | 3,800,000 | 3,450,875 |
2.00%, 11/15/26 | 8,973,900 | 8,254,586 |
1.25%, 11/30/26 | 10,100,000 | 9,022,141 |
1.63%, 11/30/26 | 3,700,000 | 3,356,449 |
1.25%, 12/31/26 | 9,900,000 | 8,828,016 |
1.75%, 12/31/26 | 4,800,000 | 4,371,000 |
1.50%, 01/31/27 | 13,200,000 | 11,864,016 |
2.25%, 02/15/27 | 8,442,600 | 7,814,022 |
1.13%, 02/28/27 | 2,300,000 | 2,036,398 |
1.88%, 02/28/27 | 10,000,000 | 9,108,203 |
0.63%, 03/31/27 | 3,650,000 | 3,154,684 |
2.50%, 03/31/27 | 9,100,000 | 8,487,527 |
0.50%, 04/30/27 | 6,000,000 | 5,145,703 |
2.75%, 04/30/27 | 9,000,000 | 8,470,898 |
2.38%, 05/15/27 | 9,500,000 | 8,804,941 |
0.50%, 05/31/27 | 6,300,000 | 5,384,285 |
2.63%, 05/31/27 | 9,000,000 | 8,423,086 |
0.50%, 06/30/27 | 7,100,000 | 6,052,473 |
3.25%, 06/30/27 | 8,200,000 | 7,869,117 |
0.38%, 07/31/27 | 6,000,000 | 5,073,750 |
2.75%, 07/31/27 | 8,500,000 | 7,986,016 |
2.25%, 08/15/27 | 7,842,000 | 7,209,739 |
0.50%, 08/31/27 | 7,100,000 | 6,022,520 |
3.13%, 08/31/27 | 8,000,000 | 7,635,312 |
0.38%, 09/30/27 | 8,200,000 | 6,897,289 |
4.13%, 09/30/27 | 8,100,000 | 8,058,234 |
0.50%, 10/31/27 | 8,950,000 | 7,552,961 |
4.13%, 10/31/27 | 6,500,000 | 6,467,754 |
2.25%, 11/15/27 | 8,500,000 | 7,789,453 |
0.63%, 11/30/27 | 9,100,000 | 7,711,184 |
3.88%, 11/30/27 | 8,000,000 | 7,886,250 |
0.63%, 12/31/27 | 10,900,000 | 9,216,035 |
3.88%, 12/31/27 | 8,000,000 | 7,883,750 |
0.75%, 01/31/28 | 11,100,000 | 9,421,992 |
3.50%, 01/31/28 | 8,500,000 | 8,242,344 |
2.75%, 02/15/28 | 10,850,000 | 10,151,531 |
1.13%, 02/29/28 | 11,900,000 | 10,272,582 |
4.00%, 02/29/28 | 9,000,000 | 8,934,258 |
1.25%, 03/31/28 | 10,000,000 | 8,671,484 |
1.25%, 04/30/28 | 11,500,000 | 9,950,195 |
2.88%, 05/15/28 | 11,350,000 | 10,658,359 |
1.25%, 05/31/28 | 10,800,000 | 9,328,078 |
1.25%, 06/30/28 | 9,400,000 | 8,101,992 |
1.00%, 07/31/28 | 10,200,000 | 8,652,469 |
2.88%, 08/15/28 | 12,050,000 | 11,293,580 |
1.13%, 08/31/28 | 10,400,000 | 8,866,406 |
1.25%, 09/30/28 | 9,300,000 | 7,966,758 |
1.38%, 10/31/28 | 9,600,000 | 8,268,000 |
3.13%, 11/15/28 | 10,750,000 | 10,190,664 |
1.50%, 11/30/28 | 9,000,000 | 7,795,547 |
1.38%, 12/31/28 | 8,500,000 | 7,304,355 |
1.75%, 01/31/29 | 6,900,000 | 6,043,699 |
2.63%, 02/15/29 | 10,150,000 | 9,344,740 |
1.88%, 02/28/29 | 7,600,000 | 6,704,922 |
2.38%, 03/31/29 | 6,000,000 | 5,438,906 |
2.88%, 04/30/29 | 6,000,000 | 5,593,828 |
2.38%, 05/15/29 | 7,050,000 | 6,380,801 |
2.75%, 05/31/29 | 6,300,000 | 5,828,730 |
3.25%, 06/30/29 | 3,500,000 | 3,331,426 |
2.63%, 07/31/29 | 4,900,000 | 4,493,645 |
1.63%, 08/15/29 | 6,850,000 | 5,921,772 |
3.13%, 08/31/29 | 5,000,000 | 4,721,875 |
3.88%, 09/30/29 | 4,300,000 | 4,242,891 |
4.00%, 10/31/29 | 3,300,000 | 3,280,664 |
1.75%, 11/15/29 | 4,800,000 | 4,177,125 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.88%, 11/30/29 | 3,500,000 | 3,455,430 |
3.88%, 12/31/29 | 5,500,000 | 5,433,398 |
3.50%, 01/31/30 | 6,200,000 | 5,988,328 |
1.50%, 02/15/30 | 10,400,000 | 8,831,875 |
4.00%, 02/28/30 | 6,800,000 | 6,773,969 |
0.63%, 05/15/30 | 13,105,000 | 10,365,236 |
0.63%, 08/15/30 | 19,400,000 | 15,259,312 |
0.88%, 11/15/30 | 19,950,000 | 15,947,531 |
1.13%, 02/15/31 | 19,300,000 | 15,708,391 |
1.63%, 05/15/31 | 18,850,000 | 15,851,672 |
1.25%, 08/15/31 | 21,050,000 | 17,068,590 |
1.38%, 11/15/31 | 21,000,000 | 17,098,594 |
1.88%, 02/15/32 | 21,550,000 | 18,263,625 |
2.88%, 05/15/32 | 19,750,000 | 18,173,086 |
2.75%, 08/15/32 | 19,750,000 | 17,955,527 |
4.13%, 11/15/32 | 17,850,000 | 18,142,852 |
3.50%, 02/15/33 | 11,500,000 | 11,123,555 |
Total Treasuries (Cost $1,884,871,003) | 1,749,421,808 | |
GOVERNMENT RELATED 5.1% OF NET ASSETS | ||
Agency 1.9% | ||
Foreign 0.7% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
2.88%, 03/13/23 | 250,000 | 249,825 |
1.50%, 02/12/25 | 350,000 | 327,733 |
0.38%, 09/17/25 | 500,000 | 448,530 |
0.50%, 02/02/26 | 500,000 | 443,555 |
1,469,643 | ||
Canada 0.0% | ||
Export Development Canada | ||
2.63%, 02/21/24 | 250,000 | 243,745 |
3.38%, 08/26/25 | 350,000 | 339,434 |
3.00%, 05/25/27 | 550,000 | 519,876 |
1,103,055 | ||
Germany 0.3% | ||
FMS Wertmanagement | ||
2.75%, 03/06/23 (i) | 200,000 | 200,006 |
Kreditanstalt Fuer Wiederaufbau | ||
2.63%, 02/28/24(i) | 950,000 | 925,974 |
0.25%, 03/08/24(i) | 1,000,000 | 950,440 |
1.38%, 08/05/24(i) | 550,000 | 521,813 |
0.50%, 09/20/24(i) | 1,000,000 | 932,300 |
2.50%, 11/20/24(i) | 1,030,000 | 987,492 |
1.25%, 01/31/25(i) | 950,000 | 887,233 |
2.00%, 05/02/25(i) | 450,000 | 424,229 |
3.13%, 06/10/25(i) | 250,000 | 241,275 |
0.38%, 07/18/25(i) | 1,250,000 | 1,130,112 |
0.63%, 01/22/26(i) | 1,000,000 | 894,230 |
1.00%, 10/01/26(i) | 650,000 | 576,225 |
3.00%, 05/20/27(i) | 950,000 | 900,020 |
2.88%, 04/03/28(i) | 750,000 | 702,315 |
1.75%, 09/14/29(i) | 400,000 | 345,808 |
0.75%, 09/30/30(i) | 400,000 | 313,340 |
0.00%, 04/18/36(i)(j) | 300,000 | 173,538 |
0.00%, 06/29/37(i)(j) | 450,000 | 247,991 |
Landwirtschaftliche Rentenbank | ||
2.00%, 01/13/25(i) | 300,000 | 284,496 |
0.50%, 05/27/25(i) | 300,000 | 272,679 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.38%, 06/10/25(i) | 500,000 | 473,545 |
0.88%, 03/30/26(i) | 250,000 | 223,595 |
1.75%, 07/27/26(i) | 250,000 | 228,140 |
3.88%, 09/28/27(i) | 250,000 | 245,115 |
2.50%, 11/15/27(i) | 250,000 | 230,570 |
0.88%, 09/03/30(i) | 500,000 | 393,230 |
13,705,711 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
3.38%, 10/31/23 | 250,000 | 246,650 |
2.50%, 05/23/24 | 750,000 | 724,237 |
3.00%, 05/29/24 | 200,000 | 194,198 |
1.75%, 10/17/24 | 200,000 | 189,098 |
2.50%, 05/28/25 | 250,000 | 236,260 |
0.63%, 07/15/25 | 500,000 | 451,340 |
3.88%, 09/16/25 | 300,000 | 291,918 |
2.75%, 01/21/26 | 200,000 | 188,454 |
2.38%, 04/20/26 | 500,000 | 463,200 |
1.88%, 07/21/26 | 400,000 | 361,748 |
2.25%, 11/04/26 | 300,000 | 273,459 |
2.88%, 06/01/27 | 200,000 | 185,154 |
2.88%, 07/21/27 | 200,000 | 185,440 |
2.75%, 11/16/27 | 450,000 | 413,424 |
3.25%, 07/20/28 | 200,000 | 186,108 |
3.50%, 10/31/28 | 200,000 | 187,818 |
2.13%, 02/16/29 | 250,000 | 216,133 |
2.00%, 10/17/29 | 200,000 | 170,094 |
1.25%, 01/21/31 | 250,000 | 195,003 |
1.88%, 04/15/31 | 700,000 | 570,878 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 181,342 |
2.75%, 04/27/27 | 200,000 | 184,038 |
1.00%, 07/22/30 | 380,000 | 294,006 |
1.75%, 04/28/31 | 200,000 | 160,848 |
6,750,848 | ||
Norway 0.1% | ||
Equinor A.S.A. | ||
2.65%, 01/15/24 | 150,000 | 146,745 |
3.70%, 03/01/24 | 193,000 | 190,064 |
2.88%, 04/06/25(a) | 250,000 | 239,183 |
1.75%, 01/22/26(a) | 200,000 | 182,738 |
3.00%, 04/06/27(a) | 200,000 | 186,284 |
3.63%, 09/10/28(a) | 300,000 | 284,652 |
3.13%, 04/06/30(a) | 250,000 | 225,215 |
2.38%, 05/22/30(a) | 300,000 | 255,948 |
3.63%, 04/06/40(a) | 100,000 | 82,644 |
5.10%, 08/17/40 | 114,000 | 113,579 |
4.25%, 11/23/41 | 100,000 | 89,352 |
3.95%, 05/15/43 | 150,000 | 127,136 |
4.80%, 11/08/43 | 100,000 | 95,347 |
3.25%, 11/18/49(a) | 300,000 | 222,306 |
3.70%, 04/06/50(a) | 250,000 | 201,710 |
2,642,903 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
4.00%, 01/14/24 | 500,000 | 494,450 |
2.38%, 06/25/24 | 200,000 | 192,620 |
2.88%, 01/21/25 | 400,000 | 383,320 |
0.75%, 09/21/25 | 750,000 | 670,410 |
3.25%, 11/10/25 | 750,000 | 712,695 |
1.63%, 01/18/27 | 250,000 | 221,637 |
4.25%, 09/15/27 | 200,000 | 195,162 |
1.25%, 09/21/30 | 500,000 | 390,505 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.13%, 01/18/32 | 250,000 | 203,145 |
2.50%, 06/29/41 | 200,000 | 141,460 |
The Korea Development Bank | ||
3.75%, 01/22/24 | 500,000 | 493,405 |
2.13%, 10/01/24 | 250,000 | 238,145 |
3.00%, 01/13/26 | 200,000 | 188,368 |
2.00%, 10/25/31 | 250,000 | 201,718 |
4.25%, 09/08/32 | 250,000 | 240,705 |
4,967,745 | ||
Sweden 0.0% | ||
Svensk Exportkredit AB | ||
0.25%, 09/29/23 | 200,000 | 194,276 |
1.75%, 12/12/23 | 250,000 | 243,105 |
0.38%, 07/30/24 | 200,000 | 186,782 |
0.63%, 10/07/24 | 300,000 | 279,126 |
0.63%, 05/14/25 | 275,000 | 250,181 |
0.50%, 08/26/25 | 150,000 | 134,798 |
4.63%, 11/28/25 | 350,000 | 347,896 |
2.25%, 03/22/27 | 250,000 | 228,268 |
1,864,432 | ||
32,504,337 | ||
U.S. 1.2% | ||
Fannie Mae | ||
1.75%, 07/02/24 | 1,000,000 | 956,790 |
2.63%, 09/06/24 | 1,830,000 | 1,766,719 |
1.63%, 01/07/25 | 3,500,000 | 3,299,485 |
0.63%, 04/22/25 | 1,000,000 | 915,910 |
0.50%, 06/17/25 | 2,000,000 | 1,817,720 |
0.38%, 08/25/25 | 1,500,000 | 1,349,370 |
0.50%, 11/07/25 | 3,000,000 | 2,693,190 |
2.13%, 04/24/26 | 1,000,000 | 931,530 |
1.88%, 09/24/26 | 1,500,000 | 1,375,635 |
6.03%, 10/08/27 | 164,000 | 175,391 |
7.25%, 05/15/30 | 1,000,000 | 1,190,100 |
6.63%, 11/15/30 | 2,180,000 | 2,526,707 |
5.63%, 07/15/37 | 500,000 | 563,900 |
Federal Farm Credit Banks Funding Corp. | ||
0.88%, 11/18/24 | 1,000,000 | 932,680 |
4.50%, 11/18/24 | 2,000,000 | 1,983,940 |
4.25%, 12/20/24 | 1,000,000 | 986,650 |
1.75%, 02/14/25 | 1,000,000 | 942,300 |
4.00%, 01/06/28 | 500,000 | 492,395 |
Federal Home Loan Bank | ||
4.75%, 03/08/24 | 1,000,000 | 994,790 |
4.88%, 06/14/24 | 500,000 | 498,055 |
1.50%, 08/15/24 | 4,000,000 | 3,808,640 |
4.50%, 10/03/24 | 1,500,000 | 1,488,135 |
0.50%, 04/14/25 | 1,000,000 | 915,590 |
0.88%, 06/12/26 | 500,000 | 444,915 |
3.25%, 11/16/28 | 2,850,000 | 2,711,034 |
5.50%, 07/15/36 | 330,000 | 368,768 |
Federal National Mortgage Association | ||
0.75%, 10/08/27 | 500,000 | 429,010 |
0.88%, 08/05/30 | 2,000,000 | 1,585,100 |
Freddie Mac | ||
1.50%, 02/12/25 | 4,000,000 | 3,751,880 |
0.38%, 07/21/25 | 4,000,000 | 3,611,640 |
0.38%, 09/23/25 | 2,000,000 | 1,798,660 |
6.75%, 03/15/31 | 200,000 | 235,054 |
6.25%, 07/15/32 | 1,100,000 | 1,276,583 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tennessee Valley Authority | ||
2.88%, 09/15/24 | 500,000 | 482,965 |
4.65%, 06/15/35 | 655,000 | 656,323 |
4.63%, 09/15/60 | 150,000 | 143,618 |
50,101,172 | ||
82,605,509 | ||
Local Authority 0.9% | ||
Foreign 0.2% | ||
Canada 0.2% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 350,000 | 361,980 |
8.50%, 12/01/29 | 100,000 | 121,827 |
Province of Alberta | ||
3.35%, 11/01/23 | 359,000 | 354,451 |
2.95%, 01/23/24 | 250,000 | 244,745 |
1.88%, 11/13/24 | 450,000 | 426,240 |
1.00%, 05/20/25 | 400,000 | 367,688 |
3.30%, 03/15/28 | 200,000 | 189,284 |
1.30%, 07/22/30 | 450,000 | 360,824 |
Province of British Columbia | ||
1.75%, 09/27/24 | 400,000 | 379,728 |
2.25%, 06/02/26 | 150,000 | 139,188 |
0.90%, 07/20/26 | 300,000 | 265,608 |
1.30%, 01/29/31 | 500,000 | 398,890 |
Province of Manitoba | ||
3.05%, 05/14/24 | 224,000 | 218,131 |
2.13%, 06/22/26 | 230,000 | 211,938 |
1.50%, 10/25/28 | 150,000 | 127,980 |
Province of New Brunswick | ||
3.63%, 02/24/28 | 150,000 | 143,349 |
Province of Ontario | ||
3.05%, 01/29/24 | 500,000 | 489,640 |
3.20%, 05/16/24 | 200,000 | 195,038 |
0.63%, 01/21/26 | 250,000 | 222,685 |
1.05%, 04/14/26 | 500,000 | 447,375 |
2.50%, 04/27/26 | 200,000 | 186,978 |
2.30%, 06/15/26 | 200,000 | 185,484 |
1.05%, 05/21/27 | 450,000 | 389,785 |
2.00%, 10/02/29 | 200,000 | 172,626 |
1.13%, 10/07/30 | 500,000 | 394,545 |
1.60%, 02/25/31 | 250,000 | 203,140 |
1.90%, 04/21/31 | 250,000 | 207,233 |
1.80%, 10/14/31 | 500,000 | 409,840 |
Province of Quebec | ||
2.50%, 04/09/24 | 150,000 | 145,472 |
2.88%, 10/16/24 | 300,000 | 289,503 |
1.50%, 02/11/25 | 350,000 | 327,723 |
0.60%, 07/23/25 | 500,000 | 453,230 |
2.50%, 04/20/26 | 450,000 | 421,794 |
2.75%, 04/12/27 | 200,000 | 186,342 |
7.50%, 09/15/29 | 421,000 | 491,012 |
1.35%, 05/28/30 | 250,000 | 203,770 |
Province of Saskatchewan Canada | ||
3.25%, 06/08/27 | 200,000 | 189,844 |
10,524,910 | ||
U.S. 0.7% | ||
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 90,000 | 98,760 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 341,520 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Bay Area Toll Authority | ||
2.57%, 04/01/31 | 200,000 | 177,590 |
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 400,000 | 480,084 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 230,000 | 298,322 |
Board of Regents of the University of Texas System | ||
TXBL-SER A | ||
3.35%, 08/15/47 (a) | 250,000 | 199,064 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 900,000 | 1,092,422 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 400,000 | 508,968 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 500,000 | 613,429 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 200,000 | 245,630 |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47(a) | 50,000 | 43,108 |
TXBL-REF-SER B | ||
2.98%, 11/01/51(a) | 200,000 | 138,155 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 100,000 | 114,182 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 140,263 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 730,000 | 822,657 |
City of Atlanta GA Water & Wastewater Revenue | ||
2.26%, 11/01/35 (a) | 125,000 | 97,710 |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 120,000 | 105,678 |
City of New York | ||
6.27%, 12/01/37 | 200,000 | 222,668 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
2.91%, 02/01/48(a) | 125,000 | 89,229 |
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 190,000 | 206,775 |
City of San Francisco CA Public Utilities Commission | ||
RB Series 2020E | ||
2.83%, 11/01/41(a) | 100,000 | 74,255 |
Series A | ||
3.30%, 11/01/39(a) | 150,000 | 121,831 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 200,000 | 180,239 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 105,426 |
GO Series 2020C | ||
2.51%, 07/01/41(a) | 185,000 | 135,372 |
Series D | ||
2.66%, 09/01/39 | 143,092 | 114,707 |
Series D | ||
2.81%, 09/01/43 | 100,000 | 74,738 |
Series H | ||
2.90%, 09/01/49 | 100,000 | 72,066 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 100,000 | 105,993 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 250,000 | 267,951 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 150,000 | 183,330 |
County of Miami-Dade FL Water & Sewer System | ||
Series C | ||
3.49%, 10/01/42 (a) | 100,000 | 80,180 |
Dallas Area Rapid Transit | ||
Series B | ||
6.00%, 12/01/44 | 140,000 | 156,728 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 100,000 | 109,068 |
Dallas/Fort Worth International Airport | ||
RB Series 2020C | ||
2.92%, 11/01/50 | 250,000 | 182,410 |
Series A | ||
2.99%, 11/01/38 | 100,000 | 81,910 |
Series C | ||
3.09%, 11/01/40(a) | 250,000 | 195,747 |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 100,000 | 90,520 |
East Bay Municipal Utility District Water System | ||
Water System RB (Build America Bonds) Series 2010 | ||
5.87%, 06/01/40 | 330,000 | 361,625 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
3.92%, 01/15/53 (a) | 100,000 | 77,772 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 100,000 | 104,564 |
Health & Educational Facilities Authority of the State of Missouri | ||
3.23%, 05/15/50 (a) | 150,000 | 113,361 |
Illinois | ||
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 110,000 | 115,576 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 1,537,000 | 1,512,771 |
Illinois State Toll Highway Authority | ||
6.18%, 01/01/34 | 100,000 | 110,608 |
JobsOhio Beverage System | ||
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 490,000 | 474,756 |
Series B | ||
4.53%, 01/01/35 | 300,000 | 291,583 |
Kansas Development Finance Authority | ||
4.93%, 04/15/45 | 100,000 | 98,357 |
Los Angeles Community College District/CA | ||
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 275,000 | 238,481 |
GO Bonds Series 2020 | ||
2.11%, 08/01/32(a) | 250,000 | 202,075 |
Los Angeles Department of Water & Power Power System | ||
5.72%, 07/01/39 | 100,000 | 107,687 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 200,000 | 236,613 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 250,000 | 263,853 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 500,000 | 565,602 |
Maryland Health & Higher Educational Facilities Authority | ||
RB Series D | ||
3.05%, 07/01/40(a) | 150,000 | 110,590 |
RB Series D | ||
3.20%, 07/01/50 | 150,000 | 107,174 |
Massachusetts School Building Authority | ||
RB Series B | ||
1.75%, 08/15/30 | 500,000 | 412,188 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Board | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 130,000 | 123,770 |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 200,000 | 245,776 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 330,000 | 359,830 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 200,000 | 162,932 |
Michigan State Building Authority | ||
RB Series 2020 | ||
2.71%, 10/15/40 (a) | 250,000 | 187,059 |
Municipal Electric Authority of Georgia | ||
7.06%, 04/01/57 | 297,000 | 311,021 |
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 144,000 | 158,404 |
RB (Build America Bonds) Series A | ||
6.64%, 04/01/57 | 144,000 | 159,070 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 250,000 | 268,679 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 330,000 | 333,171 |
RB Series 2019B | ||
4.13%, 06/15/42 | 200,000 | 167,064 |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 350,000 | 439,941 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 350,000 | 429,173 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.57%, 11/01/38 | 200,000 | 208,072 |
New York City Water & Sewer System | ||
RB (Build America Bonds) Series 2010 | ||
5.72%, 06/15/42 | 125,000 | 137,708 |
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 281,851 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 100,000 | 112,666 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
New York State Dormitory Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 50,000 | 52,849 |
RB Series 2009F | ||
5.63%, 03/15/39 | 100,000 | 104,753 |
Series B | ||
3.14%, 07/01/43 | 220,000 | 175,623 |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 100,000 | 103,450 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 150,000 | 186,571 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 430,000 | 441,604 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 240,000 | 244,095 |
Port Authority of New York & New Jersey | ||
1.09%, 07/01/23 | 400,000 | 394,855 |
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 150,000 | 160,677 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 100,000 | 107,741 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 200,000 | 200,189 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 450,000 | 411,438 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 100,000 | 100,425 |
Consolidated Bonds 192th Series | ||
4.81%, 10/15/65 | 170,000 | 165,303 |
Consolidated Bonds 215th Series | ||
3.29%, 08/01/69 | 100,000 | 69,234 |
Regents of the University of California Medical Center Pooled Revenue | ||
6.55%, 05/15/48 | 100,000 | 116,633 |
6.58%, 05/15/49 | 75,000 | 86,938 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 50,000 | 56,870 |
Rutgers The State University of New Jersey | ||
Series P | ||
3.92%, 05/01/19 (a) | 100,000 | 71,512 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 15,000 | 12,358 |
RB Series B | ||
3.82%, 01/01/48 | 150,000 | 122,100 |
San Diego County Regional Transportation Commission | ||
RB Series 2019A | ||
3.25%, 04/01/48 (a) | 150,000 | 117,882 |
San Diego County Water Authority., Class B | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 100,000 | 112,899 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 100,000 | 87,462 |
Santa Clara Valley Transportation Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.88%, 04/01/32 | 100,000 | 102,982 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 300,000 | 274,658 |
Series A | ||
1.71%, 07/01/27 | 400,000 | 348,876 |
Series A | ||
2.15%, 07/01/30 | 600,000 | 491,557 |
State of California | ||
2.38%, 10/01/26 | 175,000 | 161,539 |
7.63%, 03/01/40 | 300,000 | 380,998 |
GO Bonds | ||
7.60%, 11/01/40 | 300,000 | 386,788 |
State of Illinois | ||
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 92,857 | 100,694 |
State of Washington | ||
5.14%, 08/01/40 | 100,000 | 102,872 |
Texas | ||
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 580,000 | 620,547 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 150,000 | 118,472 |
Texas Transportation Commission | ||
GO Bonds Series 2020 | ||
2.47%, 10/01/44 (a) | 400,000 | 284,537 |
The Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 300,000 | 300,526 |
Series A | ||
3.80%, 12/01/46 | 100,000 | 84,019 |
The Pennsylvania State University | ||
2.84%, 09/01/50 | 150,000 | 105,482 |
University of California | ||
0.88%, 05/15/25(a) | 500,000 | 457,666 |
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 500,000 | 537,957 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 150,000 | 131,253 |
RB Series 2020BG | ||
1.32%, 05/15/27(a) | 195,000 | 169,996 |
RB Series AD | ||
4.86%, 05/15/12 | 100,000 | 91,184 |
RB Series BG | ||
1.61%, 05/15/30(a) | 250,000 | 202,496 |
University of Michigan | ||
Series B | ||
2.44%, 04/01/40 (a) | 250,000 | 182,720 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 100,000 | 67,032 |
University of Virginia | ||
General Revenue Pledge and Refunding Bonds, Series 2020 | ||
2.26%, 09/01/50(a) | 400,000 | 249,279 |
Series C | ||
4.18%, 09/01/17(a) | 100,000 | 80,122 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Westchester County Local Development Corp. | ||
RB Series 2020 | ||
3.85%, 11/01/50 (a) | 250,000 | 178,899 |
27,876,720 | ||
38,401,630 | ||
Sovereign 1.0% | ||
Canada 0.0% | ||
Canada Government International Bond | ||
1.63%, 01/22/25 | 650,000 | 613,028 |
2.88%, 04/28/25 | 650,000 | 624,890 |
0.75%, 05/19/26 | 250,000 | 222,803 |
1,460,721 | ||
Chile 0.1% | ||
Chile Government International Bond | ||
3.13%, 03/27/25 | 200,000 | 193,774 |
3.13%, 01/21/26 | 200,000 | 191,106 |
3.24%, 02/06/28(a) | 450,000 | 417,609 |
2.45%, 01/31/31(a) | 300,000 | 250,770 |
2.55%, 01/27/32(a) | 200,000 | 164,382 |
2.55%, 07/27/33(a) | 500,000 | 394,285 |
3.10%, 05/07/41(a) | 550,000 | 401,896 |
4.34%, 03/07/42(a) | 250,000 | 214,615 |
3.63%, 10/30/42 | 150,000 | 115,511 |
3.86%, 06/21/47 | 200,000 | 158,478 |
3.50%, 01/25/50(a) | 500,000 | 362,610 |
4.00%, 01/31/52(a) | 200,000 | 156,644 |
3.10%, 01/22/61(a) | 450,000 | 281,277 |
3.25%, 09/21/71(a) | 200,000 | 123,944 |
3,426,901 | ||
Hungary 0.0% | ||
Hungary Government International Bond | ||
5.75%, 11/22/23 | 300,000 | 300,555 |
5.38%, 03/25/24 | 300,000 | 299,721 |
7.63%, 03/29/41 | 250,000 | 281,765 |
882,041 | ||
Indonesia 0.1% | ||
Indonesia Government International Bond | ||
3.50%, 01/11/28 | 200,000 | 188,928 |
4.10%, 04/24/28 | 250,000 | 241,978 |
4.75%, 02/11/29 | 200,000 | 199,076 |
3.40%, 09/18/29(h) | 450,000 | 413,541 |
2.85%, 02/14/30 | 400,000 | 354,600 |
3.85%, 10/15/30 | 300,000 | 280,986 |
4.65%, 09/20/32(a) | 250,000 | 243,847 |
4.35%, 01/11/48 | 400,000 | 352,716 |
5.35%, 02/11/49 | 200,000 | 200,608 |
3.70%, 10/30/49 | 300,000 | 237,975 |
3.50%, 02/14/50 | 200,000 | 150,020 |
4.20%, 10/15/50 | 250,000 | 211,220 |
3.05%, 03/12/51 | 400,000 | 290,740 |
4.45%, 04/15/70 | 200,000 | 168,596 |
3.35%, 03/12/71 | 200,000 | 136,608 |
3,671,439 | ||
Israel 0.1% | ||
Israel Government International Bond | ||
2.88%, 03/16/26 | 200,000 | 188,762 |
3.25%, 01/17/28 | 200,000 | 187,050 |
2.75%, 07/03/30 | 350,000 | 310,177 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 01/30/43 | 300,000 | 271,815 |
4.13%, 01/17/48 | 200,000 | 170,378 |
3.88%, 07/03/50 | 300,000 | 242,778 |
4.50%, 04/03/20 | 200,000 | 162,026 |
State of Israel | ||
2.50%, 01/15/30 | 200,000 | 174,296 |
3.38%, 01/15/50 | 350,000 | 260,127 |
1,967,409 | ||
Italy 0.1% | ||
Republic of Italy Government International Bond | ||
0.88%, 05/06/24 | 250,000 | 235,268 |
2.38%, 10/17/24 | 350,000 | 331,331 |
1.25%, 02/17/26 | 500,000 | 439,005 |
2.88%, 10/17/29 | 475,000 | 403,816 |
5.38%, 06/15/33 | 250,000 | 247,843 |
4.00%, 10/17/49 | 550,000 | 406,461 |
3.88%, 05/06/51 | 500,000 | 351,650 |
2,415,374 | ||
Mexico 0.2% | ||
Mexico Government International Bond | ||
3.90%, 04/27/25(a) | 200,000 | 196,418 |
4.13%, 01/21/26 | 288,000 | 281,091 |
4.15%, 03/28/27 | 500,000 | 485,250 |
3.75%, 01/11/28 | 400,000 | 375,416 |
4.50%, 04/22/29 | 600,000 | 571,176 |
3.25%, 04/16/30(a) | 500,000 | 436,250 |
2.66%, 05/24/31(a) | 400,000 | 323,916 |
8.30%, 08/15/31 | 150,000 | 175,080 |
4.75%, 04/27/32(a) | 700,000 | 655,046 |
4.88%, 05/19/33(a) | 400,000 | 373,012 |
6.75%, 09/27/34 | 362,000 | 387,611 |
6.05%, 01/11/40 | 700,000 | 700,007 |
4.28%, 08/14/41(a) | 400,000 | 321,200 |
4.75%, 03/08/44 | 950,000 | 793,174 |
5.55%, 01/21/45 | 550,000 | 509,833 |
4.60%, 01/23/46 | 450,000 | 363,114 |
4.35%, 01/15/47 | 300,000 | 232,764 |
4.60%, 02/10/48 | 400,000 | 320,856 |
4.50%, 01/31/50(a) | 475,000 | 375,554 |
5.00%, 04/27/51(a) | 450,000 | 379,814 |
4.40%, 02/12/52(a) | 250,000 | 191,138 |
3.77%, 05/24/61(a) | 600,000 | 398,154 |
5.75%, 10/12/10 | 420,000 | 373,829 |
9,219,703 | ||
Panama 0.1% | ||
Panama Government International Bond | ||
3.75%, 03/16/25(a) | 300,000 | 290,895 |
8.88%, 09/30/27 | 250,000 | 288,060 |
3.88%, 03/17/28(a) | 200,000 | 188,030 |
9.38%, 04/01/29 | 100,000 | 120,166 |
3.16%, 01/23/30(a) | 200,000 | 172,446 |
2.25%, 09/29/32(a) | 1,000,000 | 746,610 |
3.30%, 01/19/33(a) | 200,000 | 163,148 |
6.40%, 02/14/35(a) | 250,000 | 258,558 |
6.70%, 01/26/36 | 131,000 | 139,126 |
4.50%, 05/15/47 | 250,000 | 193,683 |
4.50%, 04/16/50(a) | 400,000 | 302,380 |
4.30%, 04/29/53 | 200,000 | 145,692 |
4.50%, 04/01/56(a) | 550,000 | 404,156 |
3.87%, 07/23/60(a) | 650,000 | 417,527 |
4.50%, 01/19/63(a) | 250,000 | 179,335 |
4,009,812 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Peru 0.1% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 250,000 | 263,670 |
2.39%, 01/23/26(a) | 200,000 | 186,486 |
4.13%, 08/25/27 | 250,000 | 242,335 |
2.84%, 06/20/30 | 150,000 | 127,197 |
2.78%, 01/23/31(a) | 600,000 | 496,422 |
1.86%, 12/01/32(a) | 300,000 | 218,688 |
8.75%, 11/21/33 | 450,000 | 559,278 |
3.00%, 01/15/34(a) | 200,000 | 158,114 |
6.55%, 03/14/37 | 300,000 | 321,033 |
3.30%, 03/11/41(a) | 250,000 | 183,398 |
5.63%, 11/18/50 | 395,000 | 389,367 |
3.55%, 03/10/51(a) | 350,000 | 250,575 |
2.78%, 12/01/60(a) | 250,000 | 145,465 |
3.60%, 01/15/72(a) | 200,000 | 130,556 |
3.23%, 07/28/21(a) | 200,000 | 117,386 |
3,789,970 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.20%, 01/21/24 | 400,000 | 396,788 |
10.63%, 03/16/25 | 300,000 | 334,512 |
5.50%, 03/30/26 | 200,000 | 203,564 |
3.00%, 02/01/28 | 400,000 | 369,560 |
3.75%, 01/14/29 | 400,000 | 375,660 |
9.50%, 02/02/30 | 250,000 | 313,440 |
2.46%, 05/05/30 | 200,000 | 169,712 |
7.75%, 01/14/31 | 350,000 | 410,200 |
1.95%, 01/06/32 | 200,000 | 158,008 |
6.38%, 01/15/32 | 300,000 | 325,446 |
5.61%, 04/13/33 | 200,000 | 207,426 |
6.38%, 10/23/34 | 600,000 | 656,178 |
3.95%, 01/20/40 | 600,000 | 506,988 |
3.70%, 03/01/41 | 550,000 | 447,430 |
3.70%, 02/02/42 | 400,000 | 323,552 |
2.95%, 05/05/45 | 200,000 | 142,948 |
3.20%, 07/06/46 | 500,000 | 362,025 |
5,703,437 | ||
Poland 0.0% | ||
Republic of Poland Government International Bond | ||
4.00%, 01/22/24 | 450,000 | 444,924 |
3.25%, 04/06/26 | 450,000 | 427,905 |
5.75%, 11/16/32(a) | 300,000 | 315,120 |
1,187,949 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
5.63%, 11/03/25 | 232,000 | 234,192 |
2.75%, 01/19/27 | 250,000 | 234,273 |
3.50%, 09/20/28 | 200,000 | 189,722 |
2.50%, 06/19/29 | 200,000 | 178,784 |
1.75%, 10/15/31 | 200,000 | 164,356 |
4.13%, 06/10/44 | 200,000 | 187,234 |
1,188,561 | ||
Uruguay 0.1% | ||
Uruguay Government International Bond | ||
4.50%, 08/14/24 | 75,334 | 75,247 |
4.38%, 10/27/27 | 300,000 | 299,019 |
4.38%, 01/23/31(a) | 350,000 | 341,789 |
5.75%, 10/28/34(a) | 200,000 | 215,528 |
7.63%, 03/21/36 | 250,000 | 311,743 |
4.13%, 11/20/45 | 150,000 | 135,641 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.10%, 06/18/50 | 750,000 | 738,817 |
4.98%, 04/20/55 | 400,000 | 385,096 |
2,502,880 | ||
41,426,197 | ||
Supranational* 1.3% | ||
African Development Bank | ||
0.88%, 03/23/26 | 250,000 | 223,520 |
0.88%, 07/22/26 | 500,000 | 442,070 |
4.38%, 11/03/27 | 500,000 | 500,125 |
Asian Development Bank | ||
0.25%, 07/14/23 | 750,000 | 736,912 |
0.25%, 10/06/23 | 500,000 | 485,615 |
2.63%, 01/30/24 | 450,000 | 439,438 |
0.38%, 06/11/24 | 750,000 | 705,795 |
1.50%, 10/18/24 | 400,000 | 378,008 |
2.00%, 01/22/25 | 851,000 | 806,808 |
0.63%, 04/29/25 | 400,000 | 366,032 |
2.88%, 05/06/25 | 550,000 | 528,082 |
0.38%, 09/03/25 | 1,000,000 | 899,440 |
0.50%, 02/04/26 | 750,000 | 666,780 |
1.00%, 04/14/26 | 1,000,000 | 897,680 |
2.00%, 04/24/26 | 500,000 | 462,870 |
2.63%, 01/12/27 | 500,000 | 467,965 |
3.13%, 08/20/27 | 500,000 | 475,475 |
2.50%, 11/02/27 | 500,000 | 461,450 |
2.75%, 01/19/28 | 200,000 | 186,616 |
5.82%, 06/16/28 | 250,000 | 266,200 |
1.88%, 03/15/29 | 300,000 | 261,576 |
1.75%, 09/19/29 | 250,000 | 215,023 |
1.88%, 01/24/30 | 400,000 | 344,664 |
0.75%, 10/08/30 | 750,000 | 584,182 |
1.50%, 03/04/31 | 500,000 | 410,435 |
3.88%, 09/28/32 | 250,000 | 245,533 |
Corp. Andina de Fomento | ||
1.63%, 09/23/25 | 300,000 | 273,315 |
2.25%, 02/08/27 | 400,000 | 358,296 |
Council of Europe Development Bank | ||
0.25%, 06/10/23 | 150,000 | 148,029 |
1.38%, 02/27/25 | 150,000 | 140,096 |
0.88%, 09/22/26 | 250,000 | 219,888 |
European Bank for Reconstruction & Development | ||
1.63%, 09/27/24 | 250,000 | 237,265 |
0.50%, 05/19/25 | 350,000 | 318,577 |
0.50%, 11/25/25 | 500,000 | 447,495 |
0.50%, 01/28/26 | 500,000 | 444,855 |
European Investment Bank | ||
2.50%, 03/15/23 | 850,000 | 849,362 |
3.25%, 01/29/24 | 1,000,000 | 982,430 |
2.63%, 03/15/24 | 500,000 | 486,810 |
2.25%, 06/24/24 | 500,000 | 481,910 |
2.50%, 10/15/24 | 400,000 | 384,708 |
1.88%, 02/10/25 | 450,000 | 425,277 |
1.63%, 03/14/25 | 700,000 | 657,069 |
0.63%, 07/25/25 | 1,000,000 | 909,530 |
0.38%, 12/15/25 | 1,000,000 | 891,370 |
0.38%, 03/26/26 | 500,000 | 441,125 |
2.13%, 04/13/26 | 500,000 | 465,465 |
0.75%, 10/26/26 | 500,000 | 438,505 |
1.38%, 03/15/27 | 750,000 | 668,055 |
2.38%, 05/24/27 | 450,000 | 415,975 |
1.63%, 10/09/29 | 350,000 | 299,968 |
0.88%, 05/17/30 | 170,000 | 136,194 |
0.75%, 09/23/30 | 500,000 | 392,745 |
1.25%, 02/14/31 | 500,000 | 406,315 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.63%, 05/13/31 | 250,000 | 208,438 |
4.88%, 02/15/36 | 500,000 | 532,980 |
Inter-American Development Bank | ||
0.25%, 11/15/23 | 1,250,000 | 1,207,200 |
2.63%, 01/16/24 | 500,000 | 488,840 |
3.00%, 02/21/24 | 1,000,000 | 978,730 |
0.50%, 09/23/24 | 250,000 | 232,933 |
2.13%, 01/15/25 | 1,000,000 | 951,070 |
1.75%, 03/14/25 | 500,000 | 470,145 |
0.88%, 04/03/25 | 300,000 | 276,681 |
0.63%, 07/15/25 | 400,000 | 363,904 |
0.88%, 04/20/26 | 250,000 | 223,375 |
2.00%, 06/02/26 | 524,000 | 482,766 |
2.00%, 07/23/26 | 300,000 | 275,991 |
2.38%, 07/07/27 | 350,000 | 323,026 |
0.63%, 09/16/27 | 1,000,000 | 848,430 |
1.13%, 07/20/28 | 500,000 | 424,910 |
3.13%, 09/18/28 | 650,000 | 612,514 |
2.25%, 06/18/29 | 700,000 | 621,789 |
1.13%, 01/13/31 | 750,000 | 598,267 |
4.38%, 01/24/44 | 350,000 | 348,187 |
Inter-American Investment Corp. | ||
2.63%, 04/22/25 | 250,000 | 238,158 |
International Bank for Reconstruction & Development | ||
2.50%, 03/19/24 | 1,150,000 | 1,118,202 |
1.50%, 08/28/24 | 500,000 | 474,555 |
2.50%, 11/25/24 | 600,000 | 575,580 |
1.63%, 01/15/25 | 750,000 | 706,777 |
0.75%, 03/11/25 | 850,000 | 783,768 |
0.63%, 04/22/25 | 1,500,000 | 1,373,835 |
0.38%, 07/28/25 | 1,250,000 | 1,129,062 |
2.50%, 07/29/25 | 1,150,000 | 1,093,765 |
0.50%, 10/28/25 | 1,000,000 | 898,030 |
0.88%, 07/15/26 | 750,000 | 665,985 |
1.88%, 10/27/26 | 200,000 | 182,714 |
3.13%, 06/15/27 | 500,000 | 475,735 |
2.50%, 11/22/27 | 350,000 | 323,096 |
0.75%, 11/24/27 | 1,000,000 | 848,970 |
1.38%, 04/20/28 | 500,000 | 433,590 |
1.13%, 09/13/28 | 500,000 | 422,885 |
1.75%, 10/23/29 | 450,000 | 386,316 |
3.88%, 02/14/30 | 250,000 | 244,943 |
0.88%, 05/14/30 | 500,000 | 397,840 |
0.75%, 08/26/30 | 750,000 | 585,802 |
1.25%, 02/10/31 | 750,000 | 605,572 |
1.63%, 11/03/31 | 1,000,000 | 824,140 |
2.50%, 03/29/32 | 750,000 | 663,307 |
4.75%, 02/15/35 | 480,000 | 501,950 |
International Finance Corp. | ||
1.38%, 10/16/24 | 350,000 | 330,278 |
0.38%, 07/16/25 | 450,000 | 407,255 |
3.63%, 09/15/25 | 500,000 | 488,125 |
2.13%, 04/07/26 | 200,000 | 186,060 |
0.75%, 08/27/30 | 400,000 | 312,792 |
Nordic Investment Bank | ||
2.25%, 05/21/24 | 250,000 | 241,263 |
2.63%, 04/04/25 | 250,000 | 239,150 |
0.38%, 09/11/25 | 450,000 | 404,235 |
0.50%, 01/21/26 | 250,000 | 222,560 |
The Asian Infrastructure Investment Bank | ||
0.25%, 09/29/23 | 1,000,000 | 972,230 |
2.25%, 05/16/24 | 400,000 | 385,828 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.50%, 05/28/25 | 500,000 | 453,290 |
0.50%, 01/27/26 | 750,000 | 663,405 |
56,510,147 | ||
Total Government Related (Cost $245,693,243) | 218,943,483 | |
SECURITIZED 29.6% OF NET ASSETS | ||
Asset-Backed Securities 0.1% | ||
Auto Backed 0.0% | ||
Ford Credit Floorplan Master Owner Trust A | ||
Series 2019-2 Class A | ||
3.06%, 04/15/26 (a) | 172,000 | 167,441 |
Toyota Auto Receivables Owner Trust | ||
Series 2016-A Class A4 | ||
1.68%, 05/15/25 (a) | 1,030,000 | 1,008,231 |
1,175,672 | ||
Credit Card 0.1% | ||
American Express Credit Account Master Trust | ||
Series 2018-2, Class A | ||
3.01%, 10/15/25 (a) | 1,800,000 | 1,798,598 |
Capital One Multi-Asset Execution Trust | ||
Series 2019-A3, Class A3 | ||
2.06%, 08/15/28 (a) | 1,000,000 | 909,099 |
2,707,697 | ||
Electric 0.0% | ||
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/32 | 93,817 | 88,524 |
4.26%, 06/01/38 | 100,000 | 93,537 |
4.45%, 12/01/49 | 200,000 | 180,044 |
4.67%, 12/01/53 | 200,000 | 186,802 |
548,907 | ||
4,432,276 | ||
Commercial Mortgage-Backed Security 2.2% | ||
BANK | ||
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60(a) | 150,000 | 138,737 |
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50(a) | 1,190,000 | 1,106,277 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54(a) | 950,000 | 880,866 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61(a) | 600,000 | 531,772 |
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63(a) | 300,000 | 251,401 |
Bank of America Merrill Lynch Commercial Mortgage Trust | ||
Series 2016-UB10 Class A3 | ||
2.90%, 07/15/49 (a) | 150,553 | 140,209 |
BBCMS Mortgage Trust | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51 (a) | 449,000 | 421,415 |
Benchmark Mortgage Trust | ||
Series 2019-B10 Class A4 | ||
3.72%, 03/15/62(a) | 5,090,000 | 4,688,566 |
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52(a) | 700,000 | 620,161 |
Series 2019-B13, Class A4 | ||
2.95%, 08/15/57(a) | 3,500,000 | 3,056,207 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52(a) | 600,000 | 562,253 |
Series 2020-B16, Class A5 | ||
2.73%, 02/15/53(a) | 1,000,000 | 855,713 |
CD Mortgage Trust | ||
Series 2016-CD2 Class A4 | ||
3.53%, 11/10/49 (a) | 240,000 | 224,136 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48(a) | 402,000 | 383,083 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58(a) | 430,000 | 400,022 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54(a) | 2,200,000 | 2,071,163 |
Citigroup Commercial Mortgage Trust | ||
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47(a) | 253,748 | 245,640 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49(a) | 2,260,000 | 2,134,019 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49(a) | 100,000 | 93,795 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50(a) | 5,700,000 | 5,258,769 |
COMM Mortgage Trust | ||
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47(a) | 250,000 | 245,823 |
Series 2014-LC17 Class A5 | ||
3.92%, 10/10/47(a) | 45,000 | 43,651 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48(a) | 1,148,000 | 1,098,057 |
Series 2015-DC1 Class A5 | ||
3.35%, 02/10/48(a) | 500,000 | 477,987 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48(a) | 330,000 | 314,644 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49(a) | 602,000 | 572,589 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49(a) | 300,000 | 285,311 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C1, Class A4 | ||
3.51%, 04/15/50(a) | 1,405,000 | 1,347,413 |
Series 2019-C17, Class A5 | ||
3.02%, 09/15/52(a) | 2,500,000 | 2,186,226 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a) | 2,000,000 | 1,890,693 |
Fannie Mae-ACES | ||
Series 2014-M2 Class A2 | ||
3.51%, 12/25/23(a) | 37,375 | 37,121 |
Series 2015-M13, Class A2 | ||
2.70%, 06/25/25(a)(k) | 135,677 | 129,137 |
Series 2016-M11 Class A2 | ||
2.37%, 07/25/26(a)(k) | 749,342 | 695,610 |
Freddie Mac Multifamily Structured Pass-Through Certificates | ||
Series K042, Class A2 | ||
2.67%, 12/25/24(a) | 400,000 | 383,690 |
Series K047 Class A2 | ||
3.33%, 05/25/25(a)(k) | 400,000 | 385,757 |
Series K048, Class A2 | ||
3.28%, 06/25/25(a)(k) | 1,150,000 | 1,107,588 |
Series K052 Class A2 | ||
3.15%, 11/25/25(a) | 100,000 | 95,626 |
Series K054, Class A2 | ||
2.75%, 01/25/26(a) | 10,000 | 9,441 |
Series K058, Class A2 | ||
2.65%, 08/25/26(a) | 600,000 | 559,927 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series K061, Class A2 | ||
3.35%, 11/25/26(a)(k) | 2,500,000 | 2,384,602 |
Series K062, Class A2 | ||
3.41%, 12/25/26(a) | 300,000 | 286,424 |
Series K064, Class A2 | ||
3.22%, 03/25/27(a) | 750,000 | 710,537 |
Series K066 Class A2 | ||
3.12%, 06/25/27(a) | 1,200,000 | 1,130,252 |
Series K070, Class A2 | ||
3.30%, 11/25/27(a)(k) | 500,000 | 473,364 |
Series K071, Class A2 | ||
3.29%, 11/25/27(a) | 2,000,000 | 1,891,271 |
Series K072, Class A2 | ||
3.44%, 12/25/27(a) | 900,000 | 856,860 |
Series K074 Class A1 | ||
3.60%, 09/25/27(a) | 68,445 | 66,863 |
Series K074, Class A2 | ||
3.60%, 01/25/28(a) | 3,500,000 | 3,354,235 |
Series K078, Class A2 | ||
3.85%, 06/25/28(a) | 1,182,367 | 1,144,403 |
Series K083, Class A2 | ||
4.05%, 09/25/28(a)(k) | 250,000 | 243,820 |
Series K085, Class A2 | ||
4.06%, 10/25/28(a)(k) | 700,000 | 681,318 |
Series K087, Class A2 | ||
3.77%, 12/25/28(a) | 100,000 | 96,103 |
Series K088, Class A2 | ||
3.69%, 01/25/29(a) | 975,000 | 932,554 |
Series K089, Class A2 | ||
3.56%, 01/25/29(a) | 1,500,000 | 1,424,355 |
Series K099 Class A2 | ||
2.60%, 09/25/29(a) | 2,210,000 | 1,969,412 |
Series K112, Class A2 | ||
1.31%, 05/25/30(a) | 1,910,000 | 1,536,187 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31(a) | 2,500,000 | 2,244,521 |
Series K154, Class A2 | ||
3.42%, 04/25/32(a) | 700,000 | 656,493 |
Series K157, Class A2 | ||
3.99%, 05/25/33(a) | 360,000 | 347,877 |
Series K733, Class A2 | ||
3.75%, 08/25/25(a)(k) | 1,400,000 | 1,360,034 |
Series K735, Class A2 | ||
2.86%, 05/25/26(a) | 823,509 | 778,375 |
Series KS03, Class A4 | ||
3.16%, 05/25/25(a)(k) | 150,000 | 145,379 |
GS Mortgage Securities Trust | ||
Series 2014-GC20 Class A5 | ||
4.00%, 04/10/47(a) | 225,000 | 221,285 |
Series 2020-GC45, Class A5 | ||
2.91%, 02/13/53(a) | 3,000,000 | 2,598,274 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2016-JP4 Class A4 | ||
3.65%, 12/15/49 (a)(k) | 2,034,000 | 1,904,004 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2013-C17 Class A4 | ||
4.20%, 01/15/47(a) | 200,000 | 197,366 |
Series 2015-C33 Class A3 | ||
3.50%, 12/15/48(a) | 659,208 | 625,678 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48(a) | 2,550,000 | 2,436,670 |
JPMCC Commercial Mortgage Securities Trust | ||
Series 2017-JP5 Class A5 | ||
3.72%, 03/15/50 (a) | 2,430,000 | 2,273,095 |
JPMDB Commercial Mortgage Securities Trust | ||
Series 2015-C32 Class A5 | ||
3.60%, 11/15/48(a) | 1,000,000 | 940,387 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2018-C8 Class A3 | ||
3.94%, 06/15/51(a) | 300,000 | 284,039 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2013-C11, Class A4 | ||
4.16%, 08/15/46(a)(k) | 350,000 | 347,123 |
Series 2013-C13 Class A4 | ||
4.04%, 11/15/46(a) | 360,000 | 354,837 |
Series 2016-C28 Class A4 | ||
3.54%, 01/15/49(a) | 1,300,000 | 1,226,191 |
Morgan Stanley Capital I Trust | ||
Series 2015-A4 Class A4 | ||
3.78%, 05/15/48(a) | 50,000 | 47,833 |
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48(a) | 400,000 | 379,290 |
Series 2017-H1, Class A4 | ||
3.26%, 06/15/50(a) | 250,000 | 231,333 |
Series 2020-HR8, Class A4 | ||
2.04%, 07/15/53(a) | 1,000,000 | 807,957 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50(a) | 200,000 | 181,205 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50(a) | 600,000 | 555,656 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-C33 Class A3 | ||
3.16%, 03/15/59(a) | 106,474 | 100,008 |
Series 2013-LC12, Class A4 | ||
4.22%, 07/15/46(a)(k) | 1,409,000 | 1,401,908 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48(a) | 240,912 | 230,200 |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58(a) | 200,000 | 190,927 |
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48(a) | 2,100,000 | 1,997,864 |
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59(a) | 1,200,000 | 1,133,589 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59(a) | 700,000 | 672,276 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59(a) | 1,330,400 | 1,258,729 |
Series 2016-NXS6 Class ASB | ||
2.83%, 11/15/49(a) | 231,146 | 222,194 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50(a) | 1,020,000 | 946,397 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50(a) | 300,000 | 276,777 |
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50(a) | 1,400,000 | 1,289,891 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51(a) | 950,000 | 903,519 |
Series 2018-C47, Class A3 | ||
4.18%, 09/15/61(a) | 500,000 | 473,258 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52(a) | 675,000 | 619,071 |
Series 2019-C51 Class A4 | ||
3.31%, 06/15/52(a) | 1,800,000 | 1,607,942 |
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52(a) | 500,000 | 437,876 |
Series 2020-C55, Class A5 | ||
2.73%, 02/15/53(a) | 1,950,000 | 1,658,377 |
Series 2020-C58, Class A4 | ||
2.09%, 07/15/53(a) | 1,645,000 | 1,323,254 |
WFRBS Commercial Mortgage Trust | ||
Series 2013-C15, Class A4 | ||
4.15%, 08/15/46(a)(k) | 657,126 | 652,821 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2013-C18 Class A4 | ||
3.90%, 12/15/46(a) | 326,462 | 321,626 |
93,976,461 | ||
Mortgage-Backed Securities Pass-Through 27.3% | ||
Fannie Mae | ||
4.50%, 12/01/24 to 09/01/52 (a) | 15,756,754 | 15,518,130 |
3.50%, 10/01/25 to 09/01/50 (a) | 56,127,708 | 52,292,555 |
3.00%, 10/01/26 to 05/01/52 (a) | 78,865,349 | 71,359,317 |
4.00%, 06/01/27 to 08/01/50 (a) | 35,434,905 | 34,027,403 |
2.50%, 07/01/27 to 05/01/52 (a) | 132,621,533 | 114,231,421 |
2.00%, 12/01/27 to 04/01/52 (a) | 173,326,226 | 144,529,011 |
5.50%, 03/01/33 to 10/01/52 (a) | 4,046,559 | 4,134,549 |
5.00%, 11/01/33 to 08/01/52 (a) | 7,297,457 | 7,313,353 |
6.50%, 08/01/34 to 05/01/40 (a) | 128,985 | 137,134 |
6.00%, 04/01/35 to 07/01/41 (a) | 1,148,650 | 1,201,800 |
1.50%, 08/01/35 to 11/01/51 (a) | 33,587,784 | 27,857,868 |
1.00%, 03/01/36 to 07/01/36 (a) | 832,523 | 715,325 |
Freddie Mac | ||
2.00%, 08/01/23 to 03/01/52 (a) | 171,447,648 | 142,076,392 |
3.50%, 01/01/26 to 09/01/51 (a) | 25,297,550 | 23,527,377 |
4.00%, 05/01/26 to 08/01/52 (a) | 16,206,303 | 15,515,967 |
3.00%, 08/01/26 to 05/01/52 (a) | 48,475,272 | 43,713,297 |
2.50%, 04/01/27 to 05/01/52 (a) | 101,190,788 | 86,799,761 |
6.00%, 05/01/32 to 07/01/40 (a) | 2,771,373 | 2,894,605 |
5.50%, 06/01/33 to 08/01/41 (a) | 1,188,560 | 1,221,377 |
5.00%, 11/01/33 to 09/01/52 (a) | 5,478,032 | 5,473,358 |
4.50%, 05/01/34 to 09/01/52 (a) | 12,940,430 | 12,697,294 |
1.50%, 08/01/35 to 08/01/51 (a) | 43,052,694 | 34,868,500 |
6.50%, 02/01/36(a) | 79,443 | 84,157 |
1.00%, 10/01/36(a) | 351,029 | 300,136 |
Ginnie Mae | ||
3.00%, 04/20/27 to 04/20/52 (a) | 45,151,367 | 40,813,170 |
2.50%, 08/20/27 to 04/20/52 (a) | 69,884,351 | 60,805,066 |
3.50%, 09/20/32 to 06/20/51 (a) | 34,629,058 | 32,454,945 |
5.00%, 02/20/33 to 11/20/52 (a) | 9,382,807 | 9,356,035 |
5.50%, 04/15/33 to 01/20/53 (a) | 4,319,457 | 4,345,181 |
2.00%, 04/20/36 to 03/20/52 (a) | 68,090,344 | 57,424,130 |
4.00%, 06/15/39 to 09/20/52 (a) | 22,050,033 | 21,134,882 |
4.50%, 07/15/39 to 10/20/52 (a) | 14,523,277 | 14,236,168 |
6.00%, 04/20/44(a) | 150,871 | 159,398 |
1.50%, 03/20/51 to 10/20/51 (a) | 849,550 | 672,115 |
Ginnie Mae TBA | ||
3.00%, 03/21/53(a)(l) | 6,000,000 | 5,354,459 |
3.50%, 03/21/53(a)(l) | 4,500,000 | 4,137,118 |
4.00%, 03/21/53(a)(l) | 3,000,000 | 2,836,343 |
4.50%, 03/21/53(a)(l) | 3,000,000 | 2,907,697 |
5.00%, 03/21/53(a)(l) | 2,000,000 | 1,976,636 |
UMBS TBA | ||
2.50%, 03/16/38(a)(l) | 2,500,000 | 2,281,212 |
4.00%, 03/16/38 to 03/13/53 (a)(l) | 17,000,000 | 15,969,881 |
3.00%, 03/13/53(a)(l) | 9,500,000 | 8,357,482 |
3.50%, 03/13/53(a)(l) | 10,000,000 | 9,105,307 |
4.50%, 03/13/53(a)(l) | 14,000,000 | 13,481,507 |
5.00%, 03/13/53(a)(l) | 15,000,000 | 14,740,383 |
5.50%, 03/13/53(a)(l) | 12,000,000 | 11,980,033 |
1,177,019,235 | ||
Total Securitized (Cost $1,472,270,153) | 1,275,427,972 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 2.2% OF NET ASSETS | ||
Money Market Funds 2.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.43% (m) | 95,286,071 | 95,286,071 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.43% (m)(n) | 826,100 | 826,100 |
96,112,171 | ||
Total Short-Term Investments (Cost $96,112,171) | 96,112,171 | |
Total Investments in Securities (Cost $4,908,080,169) | 4,383,327,889 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $18,499,276 or 0.4% of net assets. |
(d) | Subsequent to the period ended February 28, 2023, the Silicon Valley Bank, N.A. was placed into receivership with the Federal Deposit Insurance Corp. due to inadequate liquidity and insolvency on March 10, 2023, and, subsequently on March 17, 2023, SVB Financial Group, the parent of Silicon Valley Bank, filed for bankruptcy. The security was subsequently sold. |
(e) | Issuer is affiliated with the fund’s investment adviser. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(h) | All or a portion of this security is on loan. Securities on loan were valued at $798,155. |
(i) | Guaranteed by the Republic of Germany. |
(j) | Zero coupon bond. |
(k) | Fixed rate is determined by a formula set forth in the security’s offering documents and is affected by the current WAC of the underlying loans. |
(l) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(m) | The rate shown is the annualized 7-day yield. |
(n) | Security purchased with cash collateral received for securities on loan. |
ACES — | Alternate Credit Enhancement Securities |
GO — | General obligation |
MBS — | Mortgage-Backed Security |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
TBA — | To-be-announced |
UMBS — | Uniform Mortgage-Backed Securities are single-class securities backed by mortgage loans purchased by either Freddie Mac or Fannie Mae. |
WAC — | Weighted Average Coupon, which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
SECURITY RATE, MATURITY DATE | VALUE AT 8/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 2/28/23 | FACE AMOUNT AT 2/28/23 | INTEREST INCOME EARNED |
CORPORATES 0.1% OF NET ASSETS | |||||||||
Financial Institutions 0.1% | |||||||||
Brokerage/Asset Managers/Exchanges 0.1% | |||||||||
The Charles Schwab Corp. | |||||||||
3.55%, 02/01/24 | $49,913 | $— | ($49,223) | ($2,092) | $2,179 | ($777) | $— | $— | $888 |
0.75%, 03/18/24 | 239,367 | — | — | — | (437) | (345) | 238,585 | 250,000 | 937 |
3.75%, 04/01/24 | 49,968 | — | — | — | (86) | (757) | 49,125 | 50,000 | 937 |
3.00%, 03/10/25 | 48,960 | — | — | — | (849) | (215) | 47,896 | 50,000 | 750 |
4.20%, 03/24/25 | 100,495 | — | — | — | (1,450) | (682) | 98,363 | 100,000 | 2,100 |
3.63%, 04/01/25 | 49,456 | — | — | — | (393) | (590) | 48,473 | 50,000 | 906 |
3.85%, 05/21/25 | 100,186 | — | — | — | (2,166) | (788) | 97,232 | 100,000 | 1,925 |
3.45%, 02/13/26 | 49,390 | — | — | — | (1,212) | (299) | 47,879 | 50,000 | 863 |
0.90%, 03/11/26 | 180,064 | — | — | — | (3,395) | (157) | 176,512 | 200,000 | 900 |
1.15%, 05/13/26 | 135,407 | — | — | — | (2,697) | (92) | 132,618 | 150,000 | 863 |
3.20%, 03/02/27 | 96,891 | — | — | — | (2,088) | (1,060) | 93,743 | 100,000 | 1,600 |
2.45%, 03/03/27 | 233,380 | — | — | — | (7,181) | 743 | 226,942 | 250,000 | 3,062 |
3.30%, 04/01/27 | 97,111 | — | — | — | (2,115) | (816) | 94,180 | 100,000 | 1,650 |
3.20%, 01/25/28 | 95,581 | — | — | — | (2,578) | (332) | 92,671 | 100,000 | 1,600 |
2.00%, 03/20/28 | 179,930 | — | — | — | (5,242) | (158) | 174,530 | 200,000 | 2,000 |
4.00%, 02/01/29 | 98,538 | — | — | — | (3,191) | (772) | 94,575 | 100,000 | 2,000 |
3.25%, 05/22/29 | 93,953 | — | — | — | (2,755) | (429) | 90,769 | 100,000 | 1,625 |
2.75%, 10/01/29 | 45,143 | — | — | — | (1,450) | (150) | 43,543 | 50,000 | 688 |
4.63%, 03/22/30 | 50,752 | — | — | — | (1,160) | (263) | 49,329 | 50,000 | 1,156 |
1.65%, 03/11/31 | 80,833 | — | — | — | (2,644) | 40 | 78,229 | 100,000 | 825 |
2.30%, 05/13/31 | 85,348 | — | — | — | (2,768) | (178) | 82,402 | 100,000 | 1,150 |
1.95%, 12/01/31 | 102,176 | — | — | — | (4,141) | 1 | 98,036 | 125,000 | 1,219 |
2.90%, 03/03/32 | 132,528 | — | — | — | (5,783) | 257 | 127,002 | 150,000 | 2,175 |
Total | $2,395,370 | $— | ($49,223) | ($2,092) | ($53,602) | ($7,819) | $2,282,634 | $31,819 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $1,043,422,455 | $— | $1,043,422,455 |
Treasuries1 | — | 1,749,421,808 | — | 1,749,421,808 |
Government Related1 | — | 218,943,483 | — | 218,943,483 |
Securitized1 | — | 1,275,427,972 | — | 1,275,427,972 |
Short-Term Investments1 | 96,112,171 | — | — | 96,112,171 |
Total | $96,112,171 | $4,287,215,718 | $— | $4,383,327,889 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $2,571,837) | $2,282,634 | |
Investments in securities, at value - unaffiliated (cost $4,905,508,332) including securities on loan of $798,155 | 4,381,045,255 | |
Cash | 1,285,767 | |
Deposits with brokers for TBA margin | 970,000 | |
Receivables: | ||
Investments sold | 90,697,629 | |
Interest | 24,563,032 | |
Fund shares sold | 8,274,826 | |
Dividends | 408,373 | |
Foreign tax reclaims | 3,227 | |
Income from securities on loan | + | 884 |
Total assets | 4,509,531,627 | |
Liabilities | ||
Collateral held for securities on loan | 826,100 | |
Payables: | ||
Investments bought - delayed-delivery | 118,679,369 | |
Investments bought | 75,171,521 | |
Fund shares redeemed | 2,833,373 | |
Distributions to shareholders | 2,480,855 | |
Investment adviser fees | + | 136,026 |
Total liabilities | 200,127,244 | |
Net assets | $4,309,404,383 | |
Net Assets by Source | ||
Capital received from investors | $5,060,276,514 | |
Total distributable loss | + | (750,872,131) |
Net assets | $4,309,404,383 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,309,404,383 | 488,370,030 | $8.82 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated (net of foreign withholding tax of $233) | $57,218,232 | |
Dividends received from securities - unaffiliated | 1,986,877 | |
Interest received from securities - affiliated | 24,000 | |
Securities on loan, net | + | 8,158 |
Total investment income | 59,237,267 | |
Expenses | ||
Investment adviser fees | 852,444 | |
Proxy fees1 | + | 4,669 |
Total expenses | – | 857,113 |
Net investment income | 58,380,154 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (2,092) | |
Net realized losses on sales of securities - unaffiliated | + | (108,277,467) |
Net realized losses | (108,279,559) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (53,602) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (49,503,581) |
Net change in unrealized appreciation (depreciation) | + | (49,557,183) |
Net realized and unrealized losses | (157,836,742) | |
Decrease in net assets resulting from operations | ($99,456,588) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income | $58,380,154 | $98,062,922 | |
Net realized losses | (108,279,559) | (79,418,547) | |
Net change in unrealized appreciation (depreciation) | + | (49,557,183) | (644,541,365) |
Decrease in net assets from operations | ($99,456,588) | ($625,896,990) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($60,529,908) | ($110,844,252) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 108,305,181 | $964,319,751 | 166,924,590 | $1,647,505,674 | |
Shares reinvested | 5,257,111 | 46,402,669 | 8,762,027 | 86,114,483 | |
Shares redeemed | + | (110,507,484) | (981,095,457) | (211,514,955) | (2,066,769,920) |
Net transactions in fund shares | 3,054,808 | $29,626,963 | (35,828,338) | ($333,149,763) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 485,315,222 | $4,439,763,916 | 521,143,560 | $5,509,654,921 | |
Total increase (decrease) | + | 3,054,808 | (130,359,533) | (35,828,338) | (1,069,891,005) |
End of period | 488,370,030 | $4,309,404,383 | 485,315,222 | $4,439,763,916 |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | 9/1/17– 8/31/18 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $9.55 | $10.28 | $10.39 | $10.13 | $9.80 | $10.04 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.10 | 0.11 | 0.10 | 0.19 | 0.24 | 0.19 |
Net realized and unrealized gains (losses) | (0.17) | (0.70) | (0.08) | 0.27 | 0.33 | (0.24) |
Total from investment operations | (0.07) | (0.59) | 0.02 | 0.46 | 0.57 | (0.05) |
Less distributions: | ||||||
Distributions from net investment income | (0.10) | (0.11) | (0.10) | (0.20) | (0.24) | (0.19) |
Distributions from net realized gains | — | (0.03) | (0.03) | — | — | — |
Total distributions | (0.10) | (0.14) | (0.13) | (0.20) | (0.24) | (0.19) |
Net asset value at end of period | $9.38 | $9.55 | $10.28 | $10.39 | $10.13 | $9.80 |
Total return | (0.68%)2 | (5.81%) | 0.18% | 4.59% | 5.89% | (0.51%) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%3,4 | 0.06%4 | 0.06% | 0.06% | 0.06% | 0.06% |
Net investment income (loss) | 2.22%3 | 1.07% | 0.96% | 1.89% | 2.43% | 1.92% |
Portfolio turnover rate | 55%2 | 59% | 61% | 65% | 46% | 61% |
Net assets, end of period (x 1,000,000) | $1,583 | $1,881 | $2,228 | $1,694 | $877 | $522 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 27.0% OF NET ASSETS | ||
Financial Institutions 12.7% | ||
Banking 10.2% | ||
Ally Financial, Inc. | ||
3.88%, 05/21/24 (a) | 100,000 | 97,973 |
5.13%, 09/30/24 | 150,000 | 148,767 |
4.63%, 03/30/25 | 100,000 | 97,964 |
5.80%, 05/01/25 (a) | 200,000 | 200,406 |
7.10%, 11/15/27 (a) | 150,000 | 155,922 |
American Express Co. | ||
3.38%, 05/03/24 | 500,000 | 488,590 |
2.50%, 07/30/24 (a) | 400,000 | 385,100 |
3.00%, 10/30/24 (a) | 200,000 | 192,880 |
3.63%, 12/05/24 (a) | 100,000 | 97,184 |
2.25%, 03/04/25 (a) | 400,000 | 376,736 |
3.95%, 08/01/25 (a) | 400,000 | 388,416 |
4.20%, 11/06/25 (a) | 250,000 | 244,682 |
3.13%, 05/20/26 (a) | 250,000 | 234,925 |
1.65%, 11/04/26 (a) | 150,000 | 132,705 |
2.55%, 03/04/27 (a) | 400,000 | 362,608 |
3.30%, 05/03/27 (a) | 400,000 | 373,988 |
Australia & New Zealand Banking Group Ltd. | ||
3.70%, 11/16/25 | 250,000 | 240,725 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
1.13%, 09/18/25 | 200,000 | 179,308 |
6.14%, 09/14/28 (a)(b) | 200,000 | 202,568 |
Banco Santander S.A. | ||
3.89%, 05/24/24 | 400,000 | 391,624 |
2.71%, 06/27/24 | 200,000 | 192,748 |
2.75%, 05/28/25 | 400,000 | 375,592 |
5.15%, 08/18/25 | 200,000 | 197,308 |
5.18%, 11/19/25 | 400,000 | 394,520 |
1.85%, 03/25/26 | 400,000 | 355,352 |
4.25%, 04/11/27 | 200,000 | 189,840 |
5.29%, 08/18/27 | 400,000 | 392,128 |
1.72%, 09/14/27 (a)(b) | 400,000 | 345,224 |
4.18%, 03/24/28 (a)(b) | 200,000 | 186,906 |
Bank of America Corp. | ||
4.00%, 04/01/24 | 350,000 | 344,886 |
4.20%, 08/26/24 | 500,000 | 490,740 |
4.00%, 01/22/25 | 600,000 | 584,778 |
3.46%, 03/15/25 (a)(b) | 500,000 | 488,825 |
3.95%, 04/21/25 | 400,000 | 387,956 |
0.98%, 04/22/25 (a)(b) | 500,000 | 472,710 |
3.84%, 04/25/25 (a)(b) | 100,000 | 97,952 |
3.88%, 08/01/25 | 350,000 | 340,133 |
0.98%, 09/25/25 (a)(b) | 550,000 | 510,444 |
3.09%, 10/01/25 (a)(b) | 300,000 | 288,177 |
2.46%, 10/22/25 (a)(b) | 450,000 | 427,140 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.53%, 12/06/25 (a)(b) | 400,000 | 371,932 |
3.37%, 01/23/26 (a)(b) | 500,000 | 478,690 |
2.02%, 02/13/26 (a)(b) | 350,000 | 326,144 |
4.45%, 03/03/26 | 400,000 | 389,164 |
3.38%, 04/02/26 (a)(b) | 525,000 | 502,498 |
3.50%, 04/19/26 | 400,000 | 382,184 |
1.32%, 06/19/26 (a)(b) | 650,000 | 589,797 |
4.25%, 10/22/26 | 500,000 | 480,865 |
1.20%, 10/24/26 (a)(b) | 600,000 | 534,630 |
5.08%, 01/20/27 (a)(b) | 300,000 | 296,820 |
1.66%, 03/11/27 (a)(b) | 650,000 | 579,358 |
3.56%, 04/23/27 (a)(b) | 550,000 | 517,132 |
1.73%, 07/22/27 (a)(b) | 1,350,000 | 1,189,917 |
3.25%, 10/21/27 (a) | 400,000 | 368,632 |
4.18%, 11/25/27 (a) | 300,000 | 286,026 |
3.82%, 01/20/28 (a)(b) | 500,000 | 470,400 |
2.55%, 02/04/28 (a)(b) | 500,000 | 447,370 |
3.71%, 04/24/28 (a)(b) | 400,000 | 372,472 |
4.38%, 04/27/28 (a)(b) | 500,000 | 478,265 |
3.59%, 07/21/28 (a)(b) | 400,000 | 369,452 |
4.95%, 07/22/28 (a)(b) | 500,000 | 489,485 |
6.20%, 11/10/28 (a)(b) | 150,000 | 154,272 |
3.42%, 12/20/28 (a)(b) | 1,000,000 | 912,850 |
Bank of Montreal | ||
2.15%, 03/08/24 | 250,000 | 242,040 |
2.50%, 06/28/24 | 250,000 | 240,653 |
0.63%, 07/09/24 | 250,000 | 234,608 |
4.25%, 09/14/24 | 300,000 | 294,924 |
1.50%, 01/10/25 | 250,000 | 232,985 |
1.85%, 05/01/25 | 350,000 | 325,570 |
3.70%, 06/07/25 | 200,000 | 193,442 |
1.25%, 09/15/26 | 300,000 | 262,128 |
0.95%, 01/22/27 (a)(b) | 350,000 | 308,336 |
2.65%, 03/08/27 | 300,000 | 273,597 |
4.70%, 09/14/27 (a) | 200,000 | 195,772 |
3.80%, 12/15/32 (a)(b) | 200,000 | 179,050 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 200,000 | 195,804 |
Barclays Bank PLC | ||
3.75%, 05/15/24 | 200,000 | 195,850 |
Barclays PLC | ||
4.38%, 09/11/24 | 200,000 | 195,200 |
3.65%, 03/16/25 | 425,000 | 408,127 |
3.93%, 05/07/25 (a)(b) | 600,000 | 584,424 |
4.38%, 01/12/26 | 650,000 | 628,725 |
2.85%, 05/07/26 (a)(b) | 400,000 | 374,872 |
5.20%, 05/12/26 | 400,000 | 389,800 |
2.28%, 11/24/27 (a)(b) | 400,000 | 352,208 |
4.34%, 01/10/28 (a) | 200,000 | 186,876 |
5.50%, 08/09/28 (a)(b) | 400,000 | 391,928 |
7.39%, 11/02/28 (a)(b) | 200,000 | 210,512 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 200,000 | 195,526 |
BPCE S.A. | ||
4.00%, 04/15/24 | 250,000 | 246,100 |
3.38%, 12/02/26 | 250,000 | 233,653 |
Cadence Bank | ||
4.13%, 11/20/29 (a)(b) | 50,000 | 47,973 |
Canadian Imperial Bank of Commerce | ||
3.10%, 04/02/24 | 150,000 | 146,352 |
2.25%, 01/28/25 | 150,000 | 141,686 |
3.30%, 04/07/25 | 250,000 | 239,808 |
3.95%, 08/04/25 | 300,000 | 290,826 |
0.95%, 10/23/25 | 250,000 | 224,085 |
1.25%, 06/22/26 | 200,000 | 175,756 |
3.45%, 04/07/27 (c) | 250,000 | 234,490 |
Capital One Financial Corp. | ||
3.75%, 04/24/24 (a) | 100,000 | 98,088 |
3.30%, 10/30/24 (a) | 400,000 | 386,364 |
3.20%, 02/05/25 (a) | 350,000 | 335,608 |
4.25%, 04/30/25 (a) | 300,000 | 292,338 |
4.20%, 10/29/25 (a) | 300,000 | 289,899 |
2.64%, 03/03/26 (a)(b) | 300,000 | 282,321 |
3.75%, 07/28/26 (a) | 250,000 | 235,148 |
3.75%, 03/09/27 (a) | 300,000 | 281,562 |
3.65%, 05/11/27 (a) | 250,000 | 233,153 |
1.88%, 11/02/27 (a)(b) | 300,000 | 262,350 |
4.93%, 05/10/28 (a)(b) | 400,000 | 387,336 |
Citigroup, Inc. | ||
3.75%, 06/16/24 | 100,000 | 98,011 |
4.00%, 08/05/24 | 150,000 | 147,611 |
3.88%, 03/26/25 | 200,000 | 193,608 |
3.35%, 04/24/25 (a)(b) | 500,000 | 486,670 |
3.30%, 04/27/25 | 350,000 | 335,160 |
0.98%, 05/01/25 (a)(b) | 200,000 | 188,972 |
4.14%, 05/24/25 (a)(b) | 200,000 | 196,424 |
4.40%, 06/10/25 | 400,000 | 391,492 |
5.50%, 09/13/25 | 200,000 | 201,002 |
3.70%, 01/12/26 | 500,000 | 479,880 |
2.01%, 01/25/26 (a)(b) | 500,000 | 466,855 |
4.60%, 03/09/26 | 350,000 | 341,243 |
3.29%, 03/17/26 (a)(b) | 300,000 | 286,272 |
3.11%, 04/08/26 (a)(b) | 750,000 | 712,297 |
3.40%, 05/01/26 | 500,000 | 472,470 |
5.61%, 09/29/26 (a)(b) | 500,000 | 500,035 |
3.20%, 10/21/26 (a) | 500,000 | 465,340 |
4.30%, 11/20/26 | 250,000 | 239,943 |
1.12%, 01/28/27 (a)(b) | 650,000 | 576,979 |
1.46%, 06/09/27 (a)(b) | 750,000 | 655,792 |
4.45%, 09/29/27 | 500,000 | 478,085 |
3.89%, 01/10/28 (a)(b) | 600,000 | 564,618 |
3.07%, 02/24/28 (a)(b) | 500,000 | 454,345 |
4.66%, 05/24/28 (a)(b) | 350,000 | 338,922 |
3.67%, 07/24/28 (a)(b) | 250,000 | 231,755 |
3.52%, 10/27/28 (a)(b) | 400,000 | 366,760 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 233,703 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 200,000 | 194,312 |
2.85%, 07/27/26 (a) | 250,000 | 232,070 |
Comerica Bank | ||
2.50%, 07/23/24 | 250,000 | 239,660 |
Commonwealth Bank of Australia | ||
5.08%, 01/10/25 | 250,000 | 249,642 |
Cooperatieve Rabobank UA | ||
3.88%, 08/22/24 | 250,000 | 245,197 |
1.38%, 01/10/25 | 250,000 | 233,408 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.38%, 05/21/25 | 250,000 | 240,445 |
4.38%, 08/04/25 | 250,000 | 242,547 |
3.75%, 07/21/26 | 250,000 | 234,798 |
Credit Suisse AG | ||
3.63%, 09/09/24 | 650,000 | 614,425 |
7.95%, 01/09/25 | 250,000 | 252,365 |
3.70%, 02/21/25 | 250,000 | 233,378 |
2.95%, 04/09/25 | 300,000 | 273,555 |
1.25%, 08/07/26 | 500,000 | 409,450 |
5.00%, 07/09/27 | 500,000 | 458,700 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 500,000 | 460,405 |
4.55%, 04/17/26 | 350,000 | 313,761 |
Deutsche Bank AG | ||
0.90%, 05/28/24 | 300,000 | 282,942 |
3.70%, 05/30/24 | 300,000 | 293,034 |
1.45%, 04/01/25 (a)(b) | 200,000 | 189,252 |
4.50%, 04/01/25 | 250,000 | 242,098 |
4.16%, 05/13/25 | 150,000 | 146,247 |
3.96%, 11/26/25 (a)(b) | 600,000 | 576,666 |
4.10%, 01/13/26 | 200,000 | 193,202 |
1.69%, 03/19/26 | 200,000 | 179,642 |
2.13%, 11/24/26 (a)(b) | 500,000 | 448,665 |
2.31%, 11/16/27 (a)(b) | 500,000 | 434,815 |
2.55%, 01/07/28 (a)(b) | 200,000 | 174,172 |
4.88%, 12/01/32 (a)(b) | 200,000 | 177,174 |
Discover Bank | ||
3.45%, 07/27/26 (a) | 250,000 | 232,820 |
Discover Financial Services | ||
3.95%, 11/06/24 (a) | 100,000 | 97,466 |
3.75%, 03/04/25 (a) | 100,000 | 96,405 |
4.50%, 01/30/26 (a) | 250,000 | 242,188 |
4.10%, 02/09/27 (a) | 150,000 | 142,268 |
Fifth Third Bancorp | ||
2.38%, 01/28/25 (a) | 150,000 | 141,723 |
2.55%, 05/05/27 (a) | 175,000 | 158,643 |
1.71%, 11/01/27 (a)(b) | 200,000 | 177,590 |
6.36%, 10/27/28 (a)(b) | 250,000 | 257,665 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 250,000 | 243,797 |
3.85%, 03/15/26 (a) | 200,000 | 189,390 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 50,000 | 47,149 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 100,000 | 96,813 |
HSBC Holdings PLC | ||
4.25%, 03/14/24 | 450,000 | 443,358 |
3.80%, 03/11/25 (a)(b) | 400,000 | 391,624 |
0.98%, 05/24/25 (a)(b) | 400,000 | 376,332 |
4.25%, 08/18/25 | 350,000 | 338,768 |
2.63%, 11/07/25 (a)(b) | 400,000 | 379,064 |
4.18%, 12/09/25 (a)(b) | 200,000 | 194,736 |
4.30%, 03/08/26 | 400,000 | 386,932 |
3.00%, 03/10/26 (a)(b) | 400,000 | 378,588 |
1.65%, 04/18/26 (a)(b) | 425,000 | 389,810 |
3.90%, 05/25/26 | 600,000 | 572,286 |
2.10%, 06/04/26 (a)(b) | 550,000 | 507,083 |
4.29%, 09/12/26 (a)(b) | 600,000 | 578,184 |
4.38%, 11/23/26 | 300,000 | 288,624 |
1.59%, 05/24/27 (a)(b) | 400,000 | 350,224 |
2.25%, 11/22/27 (a)(b) | 500,000 | 440,265 |
4.04%, 03/13/28 (a)(b) | 600,000 | 560,754 |
4.76%, 06/09/28 (a)(b) | 550,000 | 527,791 |
5.21%, 08/11/28 (a)(b) | 450,000 | 440,271 |
2.01%, 09/22/28 (a)(b) | 200,000 | 169,634 |
7.39%, 11/03/28 (a)(b) | 250,000 | 264,187 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
HSBC USA, Inc. | ||
3.75%, 05/24/24 | 250,000 | 244,977 |
3.50%, 06/23/24 | 100,000 | 97,553 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 350,000 | 336,756 |
ING Groep N.V. | ||
3.55%, 04/09/24 | 250,000 | 244,632 |
3.87%, 03/28/26 (a)(b) | 300,000 | 289,005 |
3.95%, 03/29/27 | 200,000 | 189,664 |
1.73%, 04/01/27 (a)(b) | 200,000 | 177,668 |
4.02%, 03/28/28 (a)(b) | 300,000 | 282,147 |
JPMorgan Chase & Co. | ||
3.63%, 05/13/24 | 450,000 | 441,985 |
3.88%, 09/10/24 | 600,000 | 586,002 |
3.13%, 01/23/25 (a) | 400,000 | 385,576 |
3.22%, 03/01/25 (a)(b) | 550,000 | 536,860 |
0.82%, 06/01/25 (a)(b) | 550,000 | 516,081 |
0.97%, 06/23/25 (a)(b) | 300,000 | 281,775 |
3.90%, 07/15/25 (a) | 400,000 | 388,656 |
7.75%, 07/15/25 | 100,000 | 105,333 |
0.77%, 08/09/25 (a)(b) | 250,000 | 232,313 |
2.30%, 10/15/25 (a)(b) | 350,000 | 331,579 |
1.56%, 12/10/25 (a)(b) | 250,000 | 232,445 |
2.60%, 02/24/26 (a)(b) | 350,000 | 331,128 |
2.01%, 03/13/26 (a)(b) | 550,000 | 511,885 |
3.30%, 04/01/26 (a) | 500,000 | 473,335 |
2.08%, 04/22/26 (a)(b) | 850,000 | 789,837 |
4.08%, 04/26/26 (a)(b) | 500,000 | 486,235 |
3.20%, 06/15/26 (a) | 350,000 | 329,714 |
2.95%, 10/01/26 (a) | 600,000 | 558,522 |
1.05%, 11/19/26 (a)(b) | 650,000 | 576,082 |
4.13%, 12/15/26 | 550,000 | 529,815 |
3.96%, 01/29/27 (a)(b) | 500,000 | 478,530 |
1.04%, 02/04/27 (a)(b) | 500,000 | 439,270 |
1.58%, 04/22/27 (a)(b) | 600,000 | 531,012 |
1.47%, 09/22/27 (a)(b) | 450,000 | 390,532 |
4.25%, 10/01/27 | 300,000 | 288,552 |
3.78%, 02/01/28 (a)(b) | 650,000 | 611,273 |
2.95%, 02/24/28 (a)(b) | 400,000 | 363,180 |
4.32%, 04/26/28 (a)(b) | 500,000 | 478,210 |
3.54%, 05/01/28 (a)(b) | 600,000 | 556,314 |
2.18%, 06/01/28 (a)(b) | 350,000 | 306,610 |
4.85%, 07/25/28 (a)(b) | 750,000 | 733,312 |
KeyBank NA | ||
3.30%, 06/01/25 | 250,000 | 239,675 |
5.85%, 11/15/27 (a) | 250,000 | 256,047 |
4.39%, 12/14/27 | 250,000 | 240,460 |
KeyCorp | ||
4.15%, 10/29/25 | 250,000 | 243,675 |
2.25%, 04/06/27 | 250,000 | 222,818 |
Lloyds Banking Group PLC | ||
3.90%, 03/12/24 | 200,000 | 196,664 |
4.50%, 11/04/24 | 200,000 | 196,050 |
4.45%, 05/08/25 | 450,000 | 439,173 |
3.87%, 07/09/25 (a)(b) | 500,000 | 487,085 |
4.58%, 12/10/25 | 250,000 | 240,995 |
2.44%, 02/05/26 (a)(b) | 400,000 | 375,120 |
4.65%, 03/24/26 | 400,000 | 385,740 |
3.75%, 01/11/27 | 200,000 | 187,020 |
1.63%, 05/11/27 (a)(b) | 250,000 | 219,115 |
3.75%, 03/18/28 (a)(b) | 250,000 | 231,793 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 238,708 |
4.65%, 01/27/26 (a) | 250,000 | 245,275 |
4.70%, 01/27/28 (a) | 250,000 | 242,922 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mitsubishi UFJ Financial Group, Inc. | ||
3.41%, 03/07/24 | 350,000 | 342,765 |
2.80%, 07/18/24 | 200,000 | 192,756 |
2.19%, 02/25/25 | 550,000 | 515,658 |
3.78%, 03/02/25 | 250,000 | 243,097 |
1.41%, 07/17/25 | 400,000 | 363,756 |
0.95%, 07/19/25 (a)(b) | 500,000 | 467,125 |
0.96%, 10/11/25 (a)(b) | 250,000 | 230,940 |
3.85%, 03/01/26 | 650,000 | 621,660 |
2.76%, 09/13/26 | 200,000 | 183,690 |
3.68%, 02/22/27 | 250,000 | 238,630 |
1.54%, 07/20/27 (a)(b) | 550,000 | 481,338 |
3.29%, 07/25/27 | 200,000 | 185,962 |
1.64%, 10/13/27 (a)(b) | 250,000 | 217,225 |
2.34%, 01/19/28 (a)(b) | 350,000 | 310,450 |
4.08%, 04/19/28 (a)(b) | 200,000 | 189,420 |
5.35%, 09/13/28 (a)(b) | 250,000 | 248,102 |
5.42%, 02/22/29 (a)(b) | 200,000 | 198,664 |
Mizuho Financial Group, Inc. | ||
2.84%, 07/16/25 (a)(b) | 200,000 | 191,454 |
2.56%, 09/13/25 (a)(b) | 200,000 | 189,760 |
2.65%, 05/22/26 (a)(b) | 200,000 | 186,980 |
2.23%, 05/25/26 (a)(b) | 250,000 | 231,125 |
1.23%, 05/22/27 (a)(b) | 400,000 | 347,088 |
1.55%, 07/09/27 (a)(b) | 400,000 | 348,796 |
5.41%, 09/13/28 (a)(b) | 200,000 | 199,352 |
Morgan Stanley | ||
3.88%, 04/29/24 | 550,000 | 541,618 |
3.70%, 10/23/24 | 400,000 | 389,768 |
0.79%, 05/30/25 (a)(b) | 550,000 | 515,333 |
2.72%, 07/22/25 (a)(b) | 500,000 | 479,565 |
4.00%, 07/23/25 | 500,000 | 487,315 |
0.86%, 10/21/25 (a)(b) | 250,000 | 230,530 |
1.16%, 10/21/25 (a)(b) | 500,000 | 463,150 |
5.00%, 11/24/25 | 500,000 | 495,045 |
3.88%, 01/27/26 | 650,000 | 625,807 |
2.63%, 02/18/26 (a)(b) | 200,000 | 188,726 |
2.19%, 04/28/26 (a)(b) | 650,000 | 605,956 |
4.68%, 07/17/26 (a)(b) | 400,000 | 392,392 |
3.13%, 07/27/26 | 650,000 | 605,351 |
6.25%, 08/09/26 | 250,000 | 257,720 |
4.35%, 09/08/26 | 500,000 | 481,060 |
0.99%, 12/10/26 (a)(b) | 500,000 | 439,990 |
3.63%, 01/20/27 | 550,000 | 520,487 |
5.05%, 01/28/27 (a)(b) | 250,000 | 247,422 |
3.95%, 04/23/27 | 300,000 | 283,629 |
1.59%, 05/04/27 (a)(b) | 700,000 | 618,310 |
1.51%, 07/20/27 (a)(b) | 600,000 | 523,914 |
2.48%, 01/21/28 (a)(b) | 550,000 | 490,776 |
4.21%, 04/20/28 (a)(b) | 600,000 | 570,600 |
3.59%, 07/22/28 (a)(b) | 500,000 | 462,620 |
6.30%, 10/18/28 (a)(b) | 400,000 | 411,612 |
3.77%, 01/24/29 (a)(b) | 250,000 | 231,175 |
5.12%, 02/01/29 (a)(b) | 500,000 | 491,400 |
National Australia Bank Ltd. | ||
4.97%, 01/12/26 | 250,000 | 249,060 |
2.50%, 07/12/26 | 400,000 | 367,604 |
3.91%, 06/09/27 | 275,000 | 263,037 |
4.94%, 01/12/28 | 250,000 | 249,487 |
National Bank of Canada | ||
3.75%, 06/09/25 (a)(b) | 250,000 | 244,447 |
Natwest Group PLC | ||
5.13%, 05/28/24 | 250,000 | 249,120 |
4.27%, 03/22/25 (a)(b) | 400,000 | 393,080 |
4.80%, 04/05/26 | 400,000 | 389,716 |
1.64%, 06/14/27 (a)(b) | 400,000 | 351,568 |
3.07%, 05/22/28 (a)(b) | 200,000 | 180,464 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.52%, 09/30/28 (a)(b) | 200,000 | 198,542 |
3.75%, 11/01/29 (a)(b) | 200,000 | 188,476 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 200,000 | 193,646 |
4.00%, 05/10/27 (a) | 200,000 | 193,952 |
PNC Bank NA | ||
2.95%, 02/23/25 (a) | 250,000 | 239,410 |
3.88%, 04/10/25 (a) | 250,000 | 242,408 |
3.25%, 06/01/25 (a) | 250,000 | 239,873 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 200,000 | 187,018 |
Royal Bank of Canada | ||
2.55%, 07/16/24 | 250,000 | 240,918 |
0.75%, 10/07/24 | 200,000 | 186,272 |
5.66%, 10/25/24 | 300,000 | 302,145 |
2.25%, 11/01/24 | 200,000 | 190,416 |
1.60%, 01/21/25 | 250,000 | 234,148 |
3.38%, 04/14/25 | 350,000 | 336,770 |
1.15%, 06/10/25 | 300,000 | 274,035 |
0.88%, 01/20/26 | 500,000 | 442,900 |
4.65%, 01/27/26 | 250,000 | 244,537 |
1.20%, 04/27/26 | 200,000 | 177,240 |
1.15%, 07/14/26 | 250,000 | 219,485 |
1.40%, 11/02/26 | 250,000 | 218,225 |
2.05%, 01/21/27 | 150,000 | 134,633 |
3.63%, 05/04/27 | 250,000 | 236,005 |
4.24%, 08/03/27 | 250,000 | 240,428 |
6.00%, 11/01/27 | 250,000 | 257,512 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 100,000 | 97,414 |
3.45%, 06/02/25 (a) | 300,000 | 285,609 |
4.50%, 07/17/25 (a) | 250,000 | 242,885 |
3.24%, 10/05/26 (a)(d) | 200,000 | 184,492 |
4.40%, 07/13/27 (a) | 250,000 | 237,723 |
2.49%, 01/06/28 (a)(b) | 250,000 | 218,058 |
Santander UK Group Holdings PLC | ||
1.09%, 03/15/25 (a)(b) | 200,000 | 189,638 |
1.53%, 08/21/26 (a)(b) | 200,000 | 178,886 |
1.67%, 06/14/27 (a)(b) | 250,000 | 218,453 |
2.47%, 01/11/28 (a)(b) | 250,000 | 219,393 |
3.82%, 11/03/28 (a)(b) | 200,000 | 182,072 |
6.53%, 01/10/29 (a)(b) | 250,000 | 253,237 |
Santander UK PLC | ||
4.00%, 03/13/24 | 200,000 | 197,352 |
2.88%, 06/18/24 | 200,000 | 193,210 |
Signature Bank | ||
4.00%, 10/15/30 (a)(b)(e) | 100,000 | 91,580 |
State Street Corp. | ||
3.30%, 12/16/24 | 200,000 | 193,784 |
3.55%, 08/18/25 | 400,000 | 386,072 |
2.35%, 11/01/25 (a)(b) | 250,000 | 237,883 |
2.90%, 03/30/26 (a)(b) | 150,000 | 142,929 |
2.20%, 02/07/28 (a)(b) | 200,000 | 180,070 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.70%, 07/16/24 | 400,000 | 385,128 |
2.45%, 09/27/24 | 200,000 | 190,782 |
2.35%, 01/15/25 | 200,000 | 188,876 |
1.47%, 07/08/25 | 500,000 | 455,435 |
0.95%, 01/12/26 | 250,000 | 221,200 |
3.78%, 03/09/26 | 400,000 | 382,780 |
2.63%, 07/14/26 | 400,000 | 365,488 |
1.40%, 09/17/26 | 500,000 | 434,220 |
3.01%, 10/19/26 | 200,000 | 184,380 |
3.45%, 01/11/27 | 200,000 | 186,698 |
2.17%, 01/14/27 | 200,000 | 178,000 |
3.36%, 07/12/27 | 400,000 | 370,472 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.52%, 01/13/28 | 250,000 | 250,202 |
3.54%, 01/17/28 | 200,000 | 184,728 |
SVB Financial Group | ||
3.50%, 01/29/25 (f) | 100,000 | 96,573 |
1.80%, 10/28/26 (a)(f) | 150,000 | 131,112 |
4.35%, 04/29/28 (a)(b)(f) | 100,000 | 95,590 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 246,450 |
5.63%, 08/23/27 (a) | 250,000 | 245,240 |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 175,000 | 172,596 |
4.25%, 08/15/24 (a) | 200,000 | 195,170 |
4.50%, 07/23/25 (a) | 250,000 | 240,925 |
The Bank of New York Mellon Corp. | ||
3.25%, 09/11/24 (a) | 100,000 | 97,118 |
2.10%, 10/24/24 | 400,000 | 380,920 |
0.85%, 10/25/24 (a) | 250,000 | 233,350 |
3.00%, 02/24/25 (a) | 200,000 | 191,944 |
1.60%, 04/24/25 (a) | 200,000 | 185,508 |
3.95%, 11/18/25 (a) | 250,000 | 242,707 |
0.75%, 01/28/26 (a) | 250,000 | 221,903 |
2.80%, 05/04/26 (a) | 200,000 | 186,812 |
2.45%, 08/17/26 (a) | 300,000 | 275,553 |
2.05%, 01/26/27 (a) | 250,000 | 224,415 |
3.25%, 05/16/27 (a) | 200,000 | 187,586 |
3.44%, 02/07/28 (a)(b) | 250,000 | 235,295 |
3.99%, 06/13/28 (a)(b) | 150,000 | 144,048 |
5.80%, 10/25/28 (a)(b) | 200,000 | 205,036 |
The Bank of Nova Scotia | ||
2.44%, 03/11/24 | 200,000 | 194,246 |
0.70%, 04/15/24 | 300,000 | 284,697 |
1.45%, 01/10/25 | 250,000 | 232,883 |
2.20%, 02/03/25 | 200,000 | 188,636 |
3.45%, 04/11/25 | 250,000 | 240,500 |
1.30%, 06/11/25 | 200,000 | 182,706 |
4.50%, 12/16/25 | 250,000 | 242,508 |
1.05%, 03/02/26 | 200,000 | 176,332 |
1.35%, 06/24/26 | 250,000 | 220,235 |
2.70%, 08/03/26 | 200,000 | 183,676 |
1.30%, 09/15/26 | 250,000 | 217,740 |
1.95%, 02/02/27 | 175,000 | 155,883 |
2.95%, 03/11/27 | 200,000 | 183,742 |
The Goldman Sachs Group, Inc. | ||
4.00%, 03/03/24 | 400,000 | 394,116 |
3.00%, 03/15/24 | 500,000 | 487,155 |
3.85%, 07/08/24 (a) | 500,000 | 489,580 |
3.50%, 01/23/25 (a) | 425,000 | 410,822 |
3.50%, 04/01/25 (a) | 650,000 | 625,969 |
3.75%, 05/22/25 (a) | 500,000 | 483,440 |
3.27%, 09/29/25 (a)(b) | 550,000 | 528,891 |
4.25%, 10/21/25 | 500,000 | 484,670 |
0.86%, 02/12/26 (a)(b) | 250,000 | 226,995 |
3.75%, 02/25/26 (a) | 300,000 | 286,743 |
3.50%, 11/16/26 (a) | 500,000 | 469,635 |
1.09%, 12/09/26 (a)(b) | 550,000 | 484,363 |
5.95%, 01/15/27 | 150,000 | 152,814 |
3.85%, 01/26/27 (a) | 600,000 | 568,308 |
1.43%, 03/09/27 (a)(b) | 550,000 | 485,133 |
1.54%, 09/10/27 (a)(b) | 550,000 | 477,735 |
1.95%, 10/21/27 (a)(b) | 1,000,000 | 876,140 |
2.64%, 02/24/28 (a)(b) | 600,000 | 536,610 |
3.62%, 03/15/28 (a)(b) | 750,000 | 696,697 |
3.69%, 06/05/28 (a)(b) | 575,000 | 534,376 |
The Huntington National Bank | ||
4.55%, 05/17/28 (a)(b) | 250,000 | 241,970 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The PNC Financial Services Group, Inc. | ||
3.90%, 04/29/24 (a) | 200,000 | 196,818 |
2.20%, 11/01/24 (a) | 150,000 | 143,220 |
2.60%, 07/23/26 (a) | 250,000 | 231,043 |
1.15%, 08/13/26 (a) | 200,000 | 175,836 |
4.76%, 01/26/27 (a)(b) | 250,000 | 246,215 |
5.35%, 12/02/28 (a)(b) | 350,000 | 351,127 |
The Toronto-Dominion Bank | ||
3.25%, 03/11/24 | 150,000 | 146,778 |
2.65%, 06/12/24 | 300,000 | 290,178 |
0.70%, 09/10/24 | 200,000 | 186,446 |
4.29%, 09/13/24 | 250,000 | 246,147 |
1.45%, 01/10/25 | 100,000 | 93,344 |
3.77%, 06/06/25 | 400,000 | 386,768 |
1.15%, 06/12/25 | 250,000 | 228,098 |
0.75%, 09/11/25 | 400,000 | 357,572 |
0.75%, 01/06/26 | 250,000 | 220,700 |
1.20%, 06/03/26 | 350,000 | 307,177 |
1.25%, 09/10/26 | 200,000 | 174,374 |
1.95%, 01/12/27 | 200,000 | 178,132 |
2.80%, 03/10/27 | 250,000 | 228,593 |
4.11%, 06/08/27 (c) | 350,000 | 336,220 |
4.69%, 09/15/27 | 300,000 | 293,781 |
5.16%, 01/10/28 | 200,000 | 199,136 |
3.63%, 09/15/31 (a)(b) | 400,000 | 372,380 |
Truist Bank | ||
3.20%, 04/01/24 (a) | 200,000 | 195,474 |
2.15%, 12/06/24 (a) | 250,000 | 237,188 |
1.50%, 03/10/25 (a) | 500,000 | 464,575 |
3.63%, 09/16/25 (a) | 300,000 | 288,186 |
3.30%, 05/15/26 (a) | 200,000 | 187,600 |
3.80%, 10/30/26 (a) | 250,000 | 236,633 |
2.64%, 09/17/29 (a)(b) | 250,000 | 235,683 |
Truist Financial Corp. | ||
2.50%, 08/01/24 (a) | 200,000 | 192,202 |
2.85%, 10/26/24 (a) | 150,000 | 144,920 |
4.00%, 05/01/25 (a) | 250,000 | 243,767 |
1.20%, 08/05/25 (a) | 250,000 | 227,675 |
1.27%, 03/02/27 (a)(b) | 200,000 | 178,254 |
1.13%, 08/03/27 (a) | 250,000 | 213,130 |
4.12%, 06/06/28 (a)(b) | 200,000 | 191,360 |
US Bancorp | ||
2.40%, 07/30/24 (a) | 150,000 | 144,156 |
3.60%, 09/11/24 (a) | 300,000 | 293,010 |
1.45%, 05/12/25 (a) | 400,000 | 369,324 |
3.95%, 11/17/25 (a) | 250,000 | 242,925 |
3.10%, 04/27/26 (a) | 300,000 | 282,045 |
2.38%, 07/22/26 (a) | 200,000 | 183,634 |
2.22%, 01/27/28 (a)(b) | 200,000 | 179,556 |
4.55%, 07/22/28 (a)(b) | 400,000 | 389,192 |
4.65%, 02/01/29 (a)(b) | 300,000 | 291,525 |
US Bank NA/Cincinnati OH | ||
2.05%, 01/21/25 (a) | 250,000 | 236,188 |
2.80%, 01/27/25 (a) | 250,000 | 239,808 |
Valley National Bancorp | ||
3.00%, 06/15/31 (a)(b) | 100,000 | 88,665 |
Wells Fargo & Co. | ||
3.30%, 09/09/24 | 400,000 | 388,528 |
3.00%, 02/19/25 | 500,000 | 478,750 |
0.81%, 05/19/25 (a)(b) | 250,000 | 236,068 |
3.55%, 09/29/25 | 400,000 | 383,180 |
2.41%, 10/30/25 (a)(b) | 500,000 | 474,360 |
2.16%, 02/11/26 (a)(b) | 650,000 | 609,043 |
3.00%, 04/22/26 | 700,000 | 653,716 |
3.91%, 04/25/26 (a)(b) | 500,000 | 482,830 |
2.19%, 04/30/26 (a)(b) | 600,000 | 558,504 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.10%, 06/03/26 | 500,000 | 480,310 |
4.54%, 08/15/26 (a)(b) | 200,000 | 195,306 |
3.00%, 10/23/26 | 600,000 | 554,514 |
3.20%, 06/17/27 (a)(b) | 450,000 | 417,924 |
4.30%, 07/22/27 | 500,000 | 484,005 |
3.53%, 03/24/28 (a)(b) | 750,000 | 695,145 |
3.58%, 05/22/28 (a)(b) | 700,000 | 648,200 |
2.39%, 06/02/28 (a)(b) | 700,000 | 619,549 |
4.81%, 07/25/28 (a)(b) | 500,000 | 487,100 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 200,000 | 174,412 |
Westpac Banking Corp. | ||
1.02%, 11/18/24 | 300,000 | 279,651 |
2.35%, 02/19/25 | 200,000 | 189,536 |
3.74%, 08/26/25 | 150,000 | 145,173 |
2.85%, 05/13/26 | 400,000 | 372,992 |
1.15%, 06/03/26 | 250,000 | 220,518 |
2.70%, 08/19/26 | 300,000 | 277,407 |
3.35%, 03/08/27 | 250,000 | 235,213 |
5.46%, 11/18/27 | 250,000 | 254,405 |
3.40%, 01/25/28 | 200,000 | 185,942 |
2.89%, 02/04/30 (a)(b) | 200,000 | 186,106 |
4.32%, 11/23/31 (a)(b) | 400,000 | 377,500 |
160,865,243 | ||
Brokerage/Asset Managers/Exchanges 0.4% | ||
Affiliated Managers Group, Inc. | ||
3.50%, 08/01/25 | 100,000 | 96,224 |
Ameriprise Financial, Inc. | ||
3.70%, 10/15/24 | 200,000 | 195,448 |
3.00%, 04/02/25 (a) | 150,000 | 143,571 |
BGC Partners, Inc. | ||
3.75%, 10/01/24 (a) | 100,000 | 95,645 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 250,000 | 245,832 |
3.20%, 03/15/27 | 100,000 | 94,376 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 100,000 | 97,690 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 200,000 | 196,838 |
3.90%, 01/25/28 (a) | 200,000 | 186,454 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 150,000 | 143,522 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 192,926 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 95,072 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 | 200,000 | 194,986 |
3.75%, 12/01/25 | 400,000 | 385,504 |
3.10%, 09/15/27 | 100,000 | 92,778 |
4.00%, 09/15/27 | 250,000 | 243,062 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 150,000 | 144,884 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 200,000 | 196,344 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 100,000 | 96,646 |
3.63%, 03/01/27 (a) | 150,000 | 140,325 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 150,000 | 148,447 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 150,000 | 143,745 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 400,000 | 378,448 |
1.85%, 07/16/25 | 400,000 | 365,188 |
1.65%, 07/14/26 | 200,000 | 174,702 |
2.33%, 01/22/27 | 200,000 | 177,132 |
5.39%, 07/06/27 | 200,000 | 198,416 |
5.84%, 01/18/28 | 200,000 | 201,762 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 98,346 |
The Charles Schwab Corp. | ||
0.75%, 03/18/24 (a)(g) | 250,000 | 238,585 |
3.75%, 04/01/24 (a)(g) | 50,000 | 49,125 |
3.00%, 03/10/25 (a)(g) | 50,000 | 47,896 |
4.20%, 03/24/25 (a)(g) | 100,000 | 98,363 |
3.63%, 04/01/25 (a)(g) | 50,000 | 48,473 |
3.85%, 05/21/25 (a)(g) | 100,000 | 97,232 |
3.45%, 02/13/26 (a)(g) | 50,000 | 47,879 |
0.90%, 03/11/26 (a)(g) | 200,000 | 176,512 |
1.15%, 05/13/26 (a)(g) | 150,000 | 132,618 |
3.20%, 03/02/27 (a)(g) | 100,000 | 93,743 |
2.45%, 03/03/27 (a)(g) | 250,000 | 226,942 |
3.30%, 04/01/27 (a)(g) | 100,000 | 94,180 |
6,515,861 | ||
Finance Companies 0.6% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
2.88%, 08/14/24 (a) | 150,000 | 142,963 |
1.65%, 10/29/24 (a) | 550,000 | 510,713 |
1.75%, 10/29/24 (a) | 250,000 | 232,255 |
3.50%, 01/15/25 (a) | 150,000 | 143,020 |
6.50%, 07/15/25 (a) | 200,000 | 200,818 |
4.45%, 10/01/25 (a) | 150,000 | 144,094 |
1.75%, 01/30/26 (a) | 250,000 | 221,137 |
4.45%, 04/03/26 (a) | 150,000 | 143,100 |
2.45%, 10/29/26 (a) | 700,000 | 617,603 |
3.65%, 07/21/27 (a) | 200,000 | 181,374 |
4.63%, 10/15/27 (a) | 150,000 | 141,777 |
Air Lease Corp. | ||
0.80%, 08/18/24 (a) | 100,000 | 92,885 |
4.25%, 09/15/24 (a) | 100,000 | 97,973 |
2.30%, 02/01/25 (a) | 200,000 | 186,850 |
3.25%, 03/01/25 (a) | 200,000 | 189,962 |
3.38%, 07/01/25 (a) | 225,000 | 212,236 |
2.88%, 01/15/26 (a) | 200,000 | 184,460 |
3.75%, 06/01/26 (a) | 150,000 | 141,014 |
1.88%, 08/15/26 (a) | 250,000 | 218,442 |
2.20%, 01/15/27 (a) | 200,000 | 175,924 |
5.85%, 12/15/27 (a) | 200,000 | 199,200 |
Aircastle Ltd. | ||
4.13%, 05/01/24 (a) | 100,000 | 97,697 |
4.25%, 06/15/26 (a) | 150,000 | 142,351 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 200,000 | 195,602 |
4.25%, 03/01/25 (a) | 100,000 | 96,099 |
3.25%, 07/15/25 (a) | 150,000 | 139,830 |
3.88%, 01/15/26 (a) | 250,000 | 232,142 |
2.15%, 07/15/26 (a) | 250,000 | 215,772 |
2.88%, 06/15/27 (a) | 100,000 | 87,116 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 100,000 | 89,156 |
2.55%, 10/13/26 (a) | 100,000 | 86,248 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 100,000 | 88,749 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 100,000 | 90,756 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Blackstone Private Credit Fund | ||
1.75%, 09/15/24 | 100,000 | 93,215 |
2.35%, 11/22/24 | 100,000 | 93,324 |
2.70%, 01/15/25 (a) | 125,000 | 116,600 |
4.70%, 03/24/25 | 200,000 | 193,366 |
2.63%, 12/15/26 (a) | 300,000 | 255,390 |
3.25%, 03/15/27 (a) | 200,000 | 172,430 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 200,000 | 183,720 |
2.75%, 09/16/26 (a) | 200,000 | 174,370 |
2.13%, 02/15/27 (a) | 100,000 | 84,261 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 100,000 | 97,935 |
1.65%, 10/12/24 | 100,000 | 92,580 |
4.13%, 02/01/25 (a) | 50,000 | 47,828 |
3.40%, 01/15/26 (a) | 250,000 | 226,640 |
2.63%, 01/15/27 (a) | 150,000 | 127,368 |
GATX Corp. | ||
3.25%, 09/15/26 (a) | 100,000 | 92,782 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 50,000 | 48,232 |
2.88%, 01/15/26 (a) | 150,000 | 138,506 |
Golub Capital BDC, Inc. | ||
2.50%, 08/24/26 (a) | 100,000 | 86,696 |
2.05%, 02/15/27 (a) | 100,000 | 83,811 |
Hercules Capital, Inc. | ||
2.63%, 09/16/26 (a) | 100,000 | 88,098 |
3.38%, 01/20/27 (a) | 100,000 | 88,562 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 50,000 | 49,405 |
3.00%, 07/14/26 (a) | 150,000 | 132,483 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 100,000 | 94,179 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 50,000 | 47,844 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 50,000 | 49,473 |
4.00%, 03/30/25 (a) | 50,000 | 47,619 |
3.75%, 07/22/25 (a) | 150,000 | 140,357 |
4.25%, 01/15/26 (a) | 100,000 | 93,293 |
3.40%, 07/15/26 (a) | 250,000 | 223,270 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a) | 150,000 | 130,047 |
4.70%, 02/08/27 (a) | 150,000 | 137,010 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 75,000 | 61,517 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 150,000 | 135,402 |
Sixth Street Specialty Lending, Inc. | ||
3.88%, 11/01/24 (a) | 75,000 | 72,321 |
2.50%, 08/01/26 (a) | 100,000 | 87,941 |
10,027,193 | ||
Financial Other 0.0% | ||
ORIX Corp. | ||
3.25%, 12/04/24 | 200,000 | 192,562 |
Insurance 0.8% | ||
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 200,000 | 193,936 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 100,000 | 89,080 |
2.88%, 10/15/26 (a) | 100,000 | 93,142 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 150,000 | 144,006 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 98,382 |
American International Group, Inc. | ||
2.50%, 06/30/25 (a) | 167,000 | 157,309 |
3.90%, 04/01/26 (a) | 200,000 | 192,036 |
Anthem, Inc. | ||
3.35%, 12/01/24 (a) | 200,000 | 193,524 |
2.38%, 01/15/25 (a) | 300,000 | 284,001 |
1.50%, 03/15/26 (a) | 200,000 | 178,966 |
3.65%, 12/01/27 (a) | 250,000 | 234,730 |
Aon Corp./Aon Global Holdings PLC | ||
2.85%, 05/28/27 (a) | 200,000 | 182,008 |
Aon PLC | ||
3.50%, 06/14/24 (a) | 100,000 | 97,667 |
3.88%, 12/15/25 (a) | 200,000 | 193,032 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 150,000 | 144,852 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 75,000 | 74,251 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 98,000 | 97,650 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 200,000 | 187,178 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 500,000 | 477,760 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 175,000 | 163,870 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 100,000 | 97,933 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 400,000 | 370,812 |
Chubb INA Holdings, Inc. | ||
3.35%, 05/15/24 | 100,000 | 97,760 |
3.15%, 03/15/25 | 175,000 | 168,196 |
3.35%, 05/03/26 (a) | 200,000 | 190,636 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 100,000 | 98,241 |
4.50%, 03/01/26 (a) | 150,000 | 146,839 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 200,000 | 198,014 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(d) | 250,000 | 239,332 |
3.65%, 04/05/27 (a)(d) | 300,000 | 280,161 |
6.88%, 12/15/52 (a)(b)(d) | 150,000 | 147,910 |
F&G Annuities & Life, Inc. | ||
7.40%, 01/13/28 (a)(d) | 100,000 | 100,099 |
Humana, Inc. | ||
3.85%, 10/01/24 (a) | 100,000 | 97,644 |
4.50%, 04/01/25 (a) | 150,000 | 147,465 |
1.35%, 02/03/27 (a) | 150,000 | 129,218 |
3.95%, 03/15/27 (a) | 150,000 | 143,496 |
Jackson Financial, Inc. | ||
5.17%, 06/08/27 (a) | 100,000 | 99,275 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 100,000 | 97,659 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 100,000 | 94,351 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 150,000 | 144,282 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 250,000 | 243,547 |
4.06%, 02/24/32 (a)(b) | 200,000 | 185,606 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24 (a) | 200,000 | 196,816 |
3.50%, 06/03/24 (a) | 100,000 | 97,720 |
3.50%, 03/10/25 (a) | 150,000 | 144,760 |
3.75%, 03/14/26 (a) | 50,000 | 48,015 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 95,647 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 150,000 | 147,153 |
3.00%, 03/01/25 | 150,000 | 143,969 |
3.60%, 11/13/25 (a) | 100,000 | 96,336 |
Old Republic International Corp. | ||
4.88%, 10/01/24 (a) | 100,000 | 99,137 |
3.88%, 08/26/26 (a) | 150,000 | 142,805 |
Principal Financial Group, Inc. | ||
3.40%, 05/15/25 (a) | 100,000 | 96,197 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 90,222 |
5.20%, 03/15/44 (a)(b) | 100,000 | 98,438 |
5.38%, 05/15/45 (a)(b) | 250,000 | 243,832 |
4.50%, 09/15/47 (a)(b) | 100,000 | 92,708 |
Radian Group, Inc. | ||
4.88%, 03/15/27 (a) | 150,000 | 140,702 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 100,000 | 96,613 |
The Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 133,154 |
3.28%, 12/15/26 (a) | 100,000 | 94,440 |
The Progressive Corp. | ||
2.45%, 01/15/27 | 150,000 | 137,063 |
2.50%, 03/15/27 (a) | 100,000 | 91,184 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 150,000 | 144,894 |
UnitedHealth Group, Inc. | ||
2.38%, 08/15/24 | 100,000 | 96,074 |
3.75%, 07/15/25 | 500,000 | 485,405 |
5.15%, 10/15/25 | 200,000 | 200,496 |
3.70%, 12/15/25 | 100,000 | 96,644 |
1.25%, 01/15/26 | 250,000 | 226,112 |
3.10%, 03/15/26 | 200,000 | 189,726 |
3.45%, 01/15/27 | 100,000 | 94,904 |
3.70%, 05/15/27 (a)(c) | 200,000 | 191,060 |
2.95%, 10/15/27 | 150,000 | 137,819 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 100,000 | 94,767 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 150,000 | 146,581 |
4.65%, 06/15/27 (a) | 200,000 | 193,276 |
11,820,525 | ||
REITs 0.7% | ||
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 100,000 | 95,856 |
4.30%, 01/15/26 (a) | 100,000 | 97,199 |
3.95%, 01/15/27 (a) | 100,000 | 95,528 |
3.95%, 01/15/28 (a) | 150,000 | 141,573 |
AvalonBay Communities, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 96,863 |
3.45%, 06/01/25 (a) | 200,000 | 192,372 |
3.50%, 11/15/25 (a) | 50,000 | 47,771 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.35%, 05/15/27 (a) | 100,000 | 93,110 |
3.20%, 01/15/28 (a) | 100,000 | 91,952 |
Boston Properties LP | ||
3.20%, 01/15/25 (a) | 200,000 | 191,062 |
3.65%, 02/01/26 (a) | 100,000 | 94,810 |
2.75%, 10/01/26 (a) | 250,000 | 225,775 |
6.75%, 12/01/27 (a) | 100,000 | 103,848 |
Brandywine Operating Partnership LP | ||
3.95%, 11/15/27 (a) | 100,000 | 84,426 |
Brixmor Operating Partnership LP | ||
3.65%, 06/15/24 (a) | 100,000 | 96,880 |
3.85%, 02/01/25 (a) | 100,000 | 96,260 |
4.13%, 06/15/26 (a) | 100,000 | 94,505 |
3.90%, 03/15/27 (a) | 100,000 | 92,809 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 100,000 | 89,505 |
CubeSmart LP | ||
3.13%, 09/01/26 (a) | 150,000 | 138,488 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 200,000 | 185,400 |
5.55%, 01/15/28 (a) | 150,000 | 149,607 |
EPR Properties | ||
4.50%, 04/01/25 (a) | 100,000 | 96,514 |
4.75%, 12/15/26 (a) | 100,000 | 91,553 |
4.50%, 06/01/27 (a) | 100,000 | 89,115 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 100,000 | 95,957 |
2.85%, 11/01/26 (a) | 150,000 | 138,278 |
Essex Portfolio LP | ||
3.88%, 05/01/24 (a) | 100,000 | 97,787 |
3.50%, 04/01/25 (a) | 100,000 | 96,138 |
3.38%, 04/15/26 (a) | 150,000 | 140,436 |
Federal Realty Investment Trust | ||
1.25%, 02/15/26 (a) | 200,000 | 177,860 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 150,000 | 139,692 |
Healthpeak Properties Interim, Inc. | ||
3.40%, 02/01/25 (a) | 100,000 | 96,348 |
4.00%, 06/01/25 (a) | 100,000 | 97,063 |
3.25%, 07/15/26 (a) | 150,000 | 140,691 |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 100,000 | 97,821 |
4.00%, 06/15/25 (a) | 100,000 | 97,308 |
4.50%, 02/01/26 (a) | 100,000 | 96,938 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 100,000 | 86,637 |
5.95%, 02/15/28 (a) | 100,000 | 95,358 |
Kilroy Realty LP | ||
3.45%, 12/15/24 (a) | 100,000 | 95,953 |
Kimco Realty Corp. | ||
3.30%, 02/01/25 (a) | 200,000 | 192,014 |
Kimco Realty OP LLC | ||
3.80%, 04/01/27 (a) | 100,000 | 93,959 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 92,678 |
LifeStorage LP | ||
3.50%, 07/01/26 (a) | 200,000 | 189,014 |
Mid-America Apartments LP | ||
3.75%, 06/15/24 (a) | 100,000 | 97,827 |
4.00%, 11/15/25 (a) | 100,000 | 96,548 |
3.60%, 06/01/27 (a) | 150,000 | 141,942 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 100,000 | 97,767 |
4.00%, 11/15/25 (a) | 200,000 | 192,900 |
3.50%, 10/15/27 (a) | 100,000 | 91,595 |
Omega Healthcare Investors, Inc. | ||
4.50%, 01/15/25 (a) | 100,000 | 97,590 |
5.25%, 01/15/26 (a) | 150,000 | 147,070 |
4.50%, 04/01/27 (a) | 200,000 | 189,054 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 100,000 | 95,284 |
3.95%, 01/15/28 (a) | 100,000 | 92,399 |
Piedmont Operating Partnership LP | ||
4.45%, 03/15/24 (a) | 100,000 | 98,862 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 100,000 | 94,728 |
2.13%, 04/15/27 (a) | 100,000 | 90,120 |
Public Storage | ||
0.88%, 02/15/26 (a) | 150,000 | 132,909 |
1.50%, 11/09/26 (a) | 100,000 | 88,657 |
Realty Income Corp. | ||
3.88%, 04/15/25 (a) | 50,000 | 48,521 |
4.63%, 11/01/25 (a) | 250,000 | 245,727 |
4.88%, 06/01/26 (a) | 150,000 | 148,612 |
4.13%, 10/15/26 (a) | 150,000 | 144,660 |
3.00%, 01/15/27 (a) | 150,000 | 138,660 |
3.95%, 08/15/27 (a) | 150,000 | 142,902 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 150,000 | 141,187 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 150,000 | 142,086 |
Simon Property Group LP | ||
2.00%, 09/13/24 (a) | 300,000 | 285,813 |
3.38%, 10/01/24 (a) | 200,000 | 193,912 |
3.50%, 09/01/25 (a) | 200,000 | 192,064 |
3.30%, 01/15/26 (a) | 100,000 | 94,955 |
3.25%, 11/30/26 (a) | 150,000 | 140,243 |
1.38%, 01/15/27 (a) | 150,000 | 131,159 |
3.38%, 06/15/27 (a) | 100,000 | 93,254 |
3.38%, 12/01/27 (a) | 200,000 | 185,178 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 50,000 | 47,719 |
4.25%, 02/01/26 (a) | 100,000 | 94,731 |
4.70%, 06/01/27 (a) | 100,000 | 93,841 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 100,000 | 95,706 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 100,000 | 90,914 |
UDR, Inc. | ||
3.50%, 07/01/27 (a) | 150,000 | 139,734 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 100,000 | 97,339 |
3.75%, 05/01/24 (a) | 100,000 | 97,760 |
2.65%, 01/15/25 (a) | 100,000 | 94,623 |
3.50%, 02/01/25 (a) | 100,000 | 96,026 |
4.13%, 01/15/26 (a) | 150,000 | 144,528 |
3.25%, 10/15/26 (a) | 100,000 | 92,380 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 100,000 | 95,173 |
2.15%, 06/01/26 (a) | 100,000 | 86,260 |
Welltower, Inc. | ||
3.63%, 03/15/24 (a) | 200,000 | 196,000 |
4.00%, 06/01/25 (a) | 250,000 | 241,685 |
4.25%, 04/01/26 (a) | 100,000 | 96,614 |
2.70%, 02/15/27 (a) | 100,000 | 90,282 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
WP Carey, Inc. | ||
4.00%, 02/01/25 (a) | 250,000 | 244,257 |
11,780,468 | ||
201,201,852 | ||
Industrial 12.9% | ||
Basic Industry 0.5% | ||
Air Products & Chemicals, Inc. | ||
3.35%, 07/31/24 (a) | 100,000 | 97,527 |
1.50%, 10/15/25 (a) | 200,000 | 182,596 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 150,000 | 146,458 |
ArcelorMittal S.A. | ||
4.55%, 03/11/26 | 100,000 | 97,388 |
6.55%, 11/29/27 (a) | 200,000 | 205,192 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 100,000 | 97,440 |
5.90%, 07/05/24 | 400,000 | 399,632 |
6.05%, 03/15/25 | 200,000 | 199,328 |
1.40%, 08/05/26 (a) | 150,000 | 127,890 |
6.17%, 07/15/27 (a) | 400,000 | 397,048 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24 (a) | 200,000 | 196,762 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 400,000 | 393,472 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 200,000 | 194,078 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 200,000 | 184,568 |
3.25%, 12/01/27 (a) | 150,000 | 139,731 |
EI du Pont de Nemours & Co. | ||
1.70%, 07/15/25 (a) | 100,000 | 92,280 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25 (a) | 100,000 | 97,976 |
5.50%, 01/17/27 | 200,000 | 199,934 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 150,000 | 140,114 |
Freeport-McMoRan, Inc. | ||
4.55%, 11/14/24 (a) | 150,000 | 147,442 |
5.00%, 09/01/27 (a) | 100,000 | 98,046 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 150,000 | 143,175 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 100,000 | 95,491 |
3.20%, 01/30/26 (a) | 100,000 | 96,367 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 150,000 | 134,526 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 100,000 | 93,031 |
4.30%, 05/23/27 (a) | 200,000 | 194,088 |
Nutrien Ltd. | ||
5.90%, 11/07/24 | 250,000 | 251,387 |
3.00%, 04/01/25 (a) | 100,000 | 95,111 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 100,000 | 97,616 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 50,000 | 47,995 |
1.20%, 03/15/26 (a) | 200,000 | 177,110 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 100,000 | 90,391 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 150,000 | 145,309 |
Steel Dynamics, Inc. | ||
2.80%, 12/15/24 (a) | 150,000 | 143,063 |
2.40%, 06/15/25 (a) | 100,000 | 93,346 |
1.65%, 10/15/27 (a) | 100,000 | 84,470 |
The Mosaic Co. | ||
4.05%, 11/15/27 (a) | 150,000 | 142,191 |
The Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 100,000 | 97,218 |
3.45%, 08/01/25 (a) | 150,000 | 143,873 |
3.95%, 01/15/26 (a) | 100,000 | 96,575 |
3.45%, 06/01/27 (a) | 300,000 | 281,400 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 200,000 | 204,332 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 200,000 | 188,344 |
WRKCo, Inc. | ||
3.00%, 09/15/24 (a) | 100,000 | 96,234 |
3.75%, 03/15/25 (a) | 100,000 | 96,942 |
4.65%, 03/15/26 (a) | 200,000 | 196,118 |
7,360,605 | ||
Capital Goods 1.4% | ||
3M Co. | ||
2.00%, 02/14/25 (a) | 100,000 | 94,025 |
2.65%, 04/15/25 (a) | 100,000 | 94,879 |
2.88%, 10/15/27 (a) | 200,000 | 182,092 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 100,000 | 96,320 |
3.55%, 10/01/27 (a) | 100,000 | 92,161 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 100,000 | 94,623 |
Amcor Flexibles North America, Inc. | ||
4.00%, 05/17/25 (a) | 200,000 | 193,408 |
Amphenol Corp. | ||
3.20%, 04/01/24 (a) | 100,000 | 97,638 |
Avery Dennison Corp. | ||
0.85%, 08/15/24 (a) | 100,000 | 93,771 |
Berry Global, Inc. | ||
1.57%, 01/15/26 (a) | 250,000 | 223,085 |
1.65%, 01/15/27 (a) | 100,000 | 86,068 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24 (a) | 100,000 | 96,499 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 100,000 | 93,983 |
2.49%, 02/15/27 (a) | 300,000 | 270,633 |
Caterpillar Financial Services Corp. | ||
0.45%, 05/17/24 | 300,000 | 283,494 |
2.85%, 05/17/24 | 100,000 | 97,204 |
3.30%, 06/09/24 | 100,000 | 97,597 |
2.15%, 11/08/24 | 200,000 | 190,760 |
3.25%, 12/01/24 | 100,000 | 97,108 |
3.40%, 05/13/25 | 400,000 | 386,268 |
1.45%, 05/15/25 | 200,000 | 184,982 |
0.80%, 11/13/25 | 200,000 | 179,320 |
0.90%, 03/02/26 | 350,000 | 310,982 |
1.15%, 09/14/26 | 150,000 | 131,903 |
3.60%, 08/12/27 | 200,000 | 191,150 |
1.10%, 09/14/27 | 200,000 | 171,114 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 100,000 | 98,005 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CNH Industrial Capital LLC | ||
1.88%, 01/15/26 (a) | 200,000 | 182,212 |
1.45%, 07/15/26 (a) | 150,000 | 132,765 |
CNH Industrial N.V. | ||
3.85%, 11/15/27 (a) | 100,000 | 94,798 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 250,000 | 238,567 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 100,000 | 94,893 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 100,000 | 92,475 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 200,000 | 172,928 |
1.80%, 10/15/27 (a) | 100,000 | 87,314 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 250,000 | 233,592 |
General Dynamics Corp. | ||
3.25%, 04/01/25 (a) | 325,000 | 313,105 |
1.15%, 06/01/26 (a) | 150,000 | 132,849 |
2.13%, 08/15/26 (a) | 100,000 | 91,691 |
3.50%, 04/01/27 (a) | 200,000 | 189,882 |
2.63%, 11/15/27 (a) | 150,000 | 136,286 |
Hexcel Corp. | ||
4.20%, 02/15/27 (a) | 150,000 | 141,465 |
Honeywell International, Inc. | ||
2.30%, 08/15/24 (a) | 150,000 | 144,058 |
1.35%, 06/01/25 (a) | 300,000 | 277,248 |
2.50%, 11/01/26 (a) | 400,000 | 369,748 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 100,000 | 94,837 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 150,000 | 137,339 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 200,000 | 185,334 |
John Deere Capital Corp. | ||
2.60%, 03/07/24 | 150,000 | 146,274 |
0.45%, 06/07/24 | 100,000 | 94,235 |
2.65%, 06/24/24 | 100,000 | 96,872 |
2.05%, 01/09/25 | 100,000 | 94,792 |
3.45%, 03/13/25 | 400,000 | 387,692 |
0.70%, 01/15/26 | 300,000 | 266,244 |
1.05%, 06/17/26 | 250,000 | 221,035 |
2.25%, 09/14/26 | 200,000 | 183,198 |
1.30%, 10/13/26 | 150,000 | 131,882 |
1.70%, 01/11/27 | 200,000 | 178,458 |
1.75%, 03/09/27 | 400,000 | 357,136 |
4.15%, 09/15/27 | 200,000 | 194,622 |
4.75%, 01/20/28 | 200,000 | 199,134 |
1.50%, 03/06/28 | 200,000 | 171,306 |
Johnson Controls International PLC | ||
3.63%, 07/02/24 (a) | 100,000 | 97,822 |
3.90%, 02/14/26 (a) | 100,000 | 96,415 |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 300,000 | 290,151 |
Leggett & Platt, Inc. | ||
3.80%, 11/15/24 (a) | 150,000 | 145,854 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 200,000 | 181,938 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 250,000 | 241,667 |
5.10%, 11/15/27 (a) | 150,000 | 152,043 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 150,000 | 147,823 |
3.50%, 12/15/27 (a) | 100,000 | 93,824 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Masco Corp. | ||
1.50%, 02/15/28 (a) | 100,000 | 82,892 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 400,000 | 383,100 |
3.20%, 02/01/27 (a) | 100,000 | 94,083 |
3.25%, 01/15/28 (a) | 250,000 | 231,052 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 350,000 | 326,823 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 150,000 | 140,463 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 250,000 | 241,295 |
3.30%, 11/21/24 (a) | 50,000 | 48,382 |
3.25%, 03/01/27 (a) | 200,000 | 186,354 |
4.25%, 09/15/27 (a) | 200,000 | 191,566 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 250,000 | 240,655 |
Raytheon Technologies Corp. | ||
3.20%, 03/15/24 (a) | 150,000 | 146,953 |
3.95%, 08/16/25 (a) | 350,000 | 340,193 |
2.65%, 11/01/26 (a) | 200,000 | 184,308 |
3.50%, 03/15/27 (a) | 300,000 | 284,286 |
3.13%, 05/04/27 (a) | 150,000 | 139,139 |
Regal Rexnord Corp. | ||
6.05%, 02/15/26 (d) | 200,000 | 198,354 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 200,000 | 192,060 |
3.20%, 03/15/25 (a) | 100,000 | 95,769 |
0.88%, 11/15/25 (a) | 250,000 | 222,070 |
3.38%, 11/15/27 (a) | 150,000 | 139,007 |
Rockwell Automation, Inc. | ||
2.88%, 03/01/25 (a) | 100,000 | 95,675 |
Roper Technologies, Inc. | ||
2.35%, 09/15/24 (a) | 100,000 | 95,486 |
1.00%, 09/15/25 (a) | 250,000 | 225,255 |
3.80%, 12/15/26 (a) | 150,000 | 142,878 |
1.40%, 09/15/27 (a) | 100,000 | 84,837 |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 150,000 | 140,817 |
Sonoco Products Co. | ||
1.80%, 02/01/25 (a) | 100,000 | 93,644 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 200,000 | 189,424 |
4.00%, 03/15/60 (a)(b) | 200,000 | 172,710 |
Teledyne Technologies, Inc. | ||
0.95%, 04/01/24 (a) | 100,000 | 95,116 |
1.60%, 04/01/26 (a) | 100,000 | 89,378 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 150,000 | 148,242 |
4.00%, 03/15/26 (a) | 100,000 | 96,923 |
3.65%, 03/15/27 (a) | 100,000 | 94,559 |
The Boeing Co. | ||
4.88%, 05/01/25 (a) | 700,000 | 690,375 |
2.75%, 02/01/26 (a) | 200,000 | 185,462 |
2.20%, 02/04/26 (a) | 1,000,000 | 908,340 |
3.10%, 05/01/26 (a) | 150,000 | 139,656 |
2.25%, 06/15/26 (a) | 200,000 | 180,512 |
2.70%, 02/01/27 (a) | 200,000 | 181,472 |
5.04%, 05/01/27 (a) | 450,000 | 443,358 |
The Timken Co. | ||
3.88%, 09/01/24 (a) | 150,000 | 146,349 |
Trane Technologies Luxembourg Finance S.A. | ||
3.55%, 11/01/24 (a) | 100,000 | 97,135 |
3.50%, 03/21/26 (a) | 100,000 | 95,049 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 150,000 | 131,235 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 100,000 | 98,711 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 100,000 | 96,065 |
0.75%, 11/15/25 (a) | 200,000 | 178,326 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 100,000 | 94,183 |
3.45%, 11/15/26 (a) | 200,000 | 185,560 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 100,000 | 93,825 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 93,483 |
1.95%, 01/30/28 (a) | 100,000 | 85,926 |
21,941,645 | ||
Communications 1.4% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 200,000 | 189,182 |
American Tower Corp. | ||
3.38%, 05/15/24 (a) | 100,000 | 97,332 |
2.95%, 01/15/25 (a) | 100,000 | 95,318 |
2.40%, 03/15/25 (a) | 200,000 | 187,800 |
4.00%, 06/01/25 (a) | 150,000 | 145,238 |
4.40%, 02/15/26 (a) | 150,000 | 145,667 |
1.60%, 04/15/26 (a) | 100,000 | 89,053 |
1.45%, 09/15/26 (a) | 250,000 | 217,645 |
3.38%, 10/15/26 (a) | 250,000 | 232,435 |
2.75%, 01/15/27 (a) | 200,000 | 180,716 |
3.13%, 01/15/27 (a) | 100,000 | 91,734 |
3.65%, 03/15/27 (a) | 200,000 | 186,406 |
3.60%, 01/15/28 (a) | 200,000 | 182,996 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 400,000 | 381,632 |
3.88%, 01/15/26 (a) | 50,000 | 48,242 |
5.54%, 02/20/26 (a) | 350,000 | 348,491 |
1.70%, 03/25/26 (a) | 600,000 | 539,586 |
2.95%, 07/15/26 (a) | 50,000 | 46,809 |
3.80%, 02/15/27 (a) | 200,000 | 190,008 |
4.25%, 03/01/27 (a) | 200,000 | 194,050 |
2.30%, 06/01/27 (a) | 500,000 | 445,980 |
4.10%, 02/15/28 (a) | 500,000 | 476,830 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 850,000 | 831,912 |
4.20%, 03/15/28 (a) | 150,000 | 137,892 |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 450,000 | 442,084 |
3.38%, 02/15/25 (a) | 150,000 | 145,016 |
3.38%, 08/15/25 (a) | 350,000 | 336,245 |
3.95%, 10/15/25 (a) | 550,000 | 534,770 |
5.25%, 11/07/25 | 150,000 | 150,755 |
3.15%, 03/01/26 (a) | 400,000 | 378,188 |
2.35%, 01/15/27 (a) | 550,000 | 498,679 |
3.30%, 02/01/27 (a) | 200,000 | 187,884 |
3.30%, 04/01/27 (a) | 150,000 | 140,651 |
5.35%, 11/15/27 (a) | 150,000 | 152,247 |
3.55%, 05/01/28 (a) | 150,000 | 139,938 |
Crown Castle International Corp. | ||
3.20%, 09/01/24 (a) | 100,000 | 96,654 |
1.35%, 07/15/25 (a) | 200,000 | 181,776 |
4.45%, 02/15/26 (a) | 250,000 | 243,122 |
3.70%, 06/15/26 (a) | 200,000 | 189,406 |
1.05%, 07/15/26 (a) | 200,000 | 173,174 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.90%, 03/15/27 (a) | 200,000 | 181,952 |
3.65%, 09/01/27 (a) | 150,000 | 139,568 |
5.00%, 01/11/28 (a) | 250,000 | 246,420 |
Discovery Communications LLC | ||
3.80%, 03/13/24 (a) | 100,000 | 98,017 |
3.90%, 11/15/24 (a) | 200,000 | 193,882 |
3.45%, 03/15/25 (a) | 50,000 | 47,705 |
4.90%, 03/11/26 (a) | 200,000 | 195,102 |
Fox Corp. | ||
3.05%, 04/07/25 (a) | 150,000 | 143,264 |
Grupo Televisa S.A.B. | ||
4.63%, 01/30/26 (a) | 200,000 | 194,666 |
Magallanes, Inc. | ||
3.64%, 03/15/25 (d) | 400,000 | 381,568 |
3.76%, 03/15/27 (a)(d) | 800,000 | 734,296 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 550,000 | 517,374 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 200,000 | 194,258 |
3.60%, 04/15/26 (a) | 300,000 | 286,089 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a)(d) | 300,000 | 284,724 |
3.63%, 12/15/25 (a) | 150,000 | 142,611 |
3.20%, 03/15/27 (a)(d) | 300,000 | 276,162 |
Take-Two Interactive Software, Inc. | ||
3.30%, 03/28/24 | 250,000 | 244,300 |
3.70%, 04/14/27 (a) | 200,000 | 188,942 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 400,000 | 379,052 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 100,000 | 91,912 |
3.70%, 09/15/27 (a) | 150,000 | 141,639 |
The Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 350,000 | 332,836 |
3.70%, 09/15/24 (a) | 100,000 | 98,057 |
3.35%, 03/24/25 | 375,000 | 362,434 |
1.75%, 01/13/26 | 300,000 | 274,173 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 575,000 | 550,879 |
1.50%, 02/15/26 (a) | 250,000 | 223,857 |
2.25%, 02/15/26 (a) | 400,000 | 364,260 |
2.63%, 04/15/26 (a) | 200,000 | 183,364 |
3.75%, 04/15/27 (a) | 850,000 | 799,578 |
5.38%, 04/15/27 (a) | 100,000 | 100,240 |
4.95%, 03/15/28 (a) | 250,000 | 245,565 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 190,354 |
3.00%, 02/13/26 | 350,000 | 330,575 |
1.85%, 07/30/26 | 300,000 | 270,258 |
2.95%, 06/15/27 | 150,000 | 139,062 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 250,000 | 238,270 |
3.50%, 11/01/24 (a) | 100,000 | 97,480 |
3.38%, 02/15/25 | 300,000 | 289,842 |
0.85%, 11/20/25 (a) | 350,000 | 312,952 |
1.45%, 03/20/26 (a) | 350,000 | 313,540 |
2.63%, 08/15/26 | 300,000 | 275,643 |
4.13%, 03/16/27 | 600,000 | 577,746 |
3.00%, 03/22/27 (a) | 200,000 | 184,642 |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 266,000 | 260,989 |
2.90%, 01/15/27 (a) | 200,000 | 180,974 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 250,000 | 243,437 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 200,000 | 193,134 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 100,000 | 96,989 |
22,708,176 | ||
Consumer Cyclical 2.1% | ||
Advance Auto Parts, Inc. | ||
1.75%, 10/01/27 (a) | 100,000 | 84,933 |
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 400,000 | 387,448 |
3.40%, 12/06/27 (a) | 400,000 | 367,668 |
Amazon.com, Inc. | ||
0.45%, 05/12/24 | 450,000 | 426,051 |
2.80%, 08/22/24 (a) | 350,000 | 338,884 |
3.80%, 12/05/24 (a) | 250,000 | 244,815 |
3.00%, 04/13/25 | 400,000 | 385,188 |
0.80%, 06/03/25 (a) | 200,000 | 182,518 |
4.60%, 12/01/25 | 250,000 | 248,265 |
5.20%, 12/03/25 (a) | 150,000 | 151,072 |
1.00%, 05/12/26 (a) | 550,000 | 487,124 |
3.30%, 04/13/27 (a) | 600,000 | 567,216 |
1.20%, 06/03/27 (a) | 250,000 | 216,010 |
3.15%, 08/22/27 (a) | 700,000 | 654,171 |
4.55%, 12/01/27 (a) | 400,000 | 395,784 |
American Honda Finance Corp. | ||
2.40%, 06/27/24 | 50,000 | 48,150 |
0.55%, 07/12/24 | 100,000 | 93,821 |
0.75%, 08/09/24 | 150,000 | 140,774 |
2.15%, 09/10/24 | 200,000 | 190,930 |
1.50%, 01/13/25 | 250,000 | 233,980 |
1.20%, 07/08/25 | 250,000 | 228,050 |
1.00%, 09/10/25 | 250,000 | 225,815 |
1.30%, 09/09/26 | 200,000 | 175,888 |
2.35%, 01/08/27 | 150,000 | 136,617 |
4.70%, 01/12/28 | 100,000 | 98,653 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 96,460 |
4.50%, 10/01/25 (a) | 150,000 | 145,848 |
AutoZone, Inc. | ||
3.13%, 04/18/24 (a) | 100,000 | 97,465 |
3.63%, 04/15/25 (a) | 100,000 | 96,602 |
3.75%, 06/01/27 (a) | 200,000 | 190,050 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 100,000 | 99,124 |
Booking Holdings, Inc. | ||
3.60%, 06/01/26 (a) | 300,000 | 286,056 |
BorgWarner, Inc. | ||
3.38%, 03/15/25 (a) | 50,000 | 47,994 |
2.65%, 07/01/27 (a) | 200,000 | 179,794 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 200,000 | 195,880 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 50,000 | 48,579 |
3.00%, 05/18/27 (a) | 250,000 | 235,410 |
1.38%, 06/20/27 (a) | 250,000 | 218,700 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 135,509 |
D.R. Horton, Inc. | ||
2.50%, 10/15/24 (a) | 100,000 | 95,404 |
2.60%, 10/15/25 (a) | 50,000 | 46,469 |
1.30%, 10/15/26 (a) | 200,000 | 172,614 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 200,000 | 191,046 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 100,000 | 97,493 |
3.88%, 04/15/27 (a) | 200,000 | 190,422 |
4.63%, 11/01/27 (a) | 100,000 | 97,724 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 200,000 | 194,418 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 200,000 | 195,234 |
1.90%, 03/11/25 (a) | 200,000 | 187,036 |
1.40%, 05/10/26 (a) | 200,000 | 177,744 |
3.60%, 06/05/27 (a) | 150,000 | 141,504 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 200,000 | 197,376 |
4.63%, 08/01/27 (a) | 150,000 | 143,399 |
General Motors Co. | ||
4.00%, 04/01/25 | 200,000 | 194,082 |
6.13%, 10/01/25 (a) | 500,000 | 505,610 |
6.80%, 10/01/27 (a) | 200,000 | 208,894 |
General Motors Financial Co., Inc. | ||
3.95%, 04/13/24 (a) | 350,000 | 343,353 |
3.50%, 11/07/24 (a) | 200,000 | 193,108 |
4.00%, 01/15/25 (a) | 200,000 | 194,022 |
2.90%, 02/26/25 (a) | 200,000 | 189,536 |
4.35%, 04/09/25 (a) | 250,000 | 242,830 |
2.75%, 06/20/25 (a) | 250,000 | 234,575 |
4.30%, 07/13/25 (a) | 200,000 | 194,310 |
1.25%, 01/08/26 (a) | 350,000 | 309,627 |
5.25%, 03/01/26 (a) | 350,000 | 346,080 |
1.50%, 06/10/26 (a) | 350,000 | 305,798 |
4.00%, 10/06/26 (a) | 200,000 | 189,756 |
4.35%, 01/17/27 (a) | 150,000 | 143,322 |
2.35%, 02/26/27 (a) | 250,000 | 221,155 |
5.00%, 04/09/27 (a) | 300,000 | 292,851 |
2.70%, 08/20/27 (a) | 200,000 | 176,438 |
6.00%, 01/09/28 (a) | 150,000 | 151,035 |
GLP Capital LP/GLP Financing II, Inc. | ||
3.35%, 09/01/24 (a) | 100,000 | 95,999 |
5.25%, 06/01/25 (a) | 200,000 | 196,262 |
5.38%, 04/15/26 (a) | 200,000 | 195,262 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 150,000 | 144,554 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 100,000 | 96,916 |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 250,000 | 229,657 |
Hyatt Hotels Corp. | ||
1.80%, 10/01/24 (a) | 200,000 | 188,680 |
5.63%, 04/23/25 (a) | 100,000 | 99,477 |
4.85%, 03/15/26 (a) | 100,000 | 98,402 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 190,820 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 150,000 | 140,334 |
Lennar Corp. | ||
4.50%, 04/30/24 (a) | 150,000 | 148,054 |
4.75%, 05/30/25 (a) | 200,000 | 196,110 |
5.00%, 06/15/27 (a) | 100,000 | 98,065 |
4.75%, 11/29/27 (a) | 150,000 | 143,867 |
Lowe's Cos., Inc. | ||
3.13%, 09/15/24 (a) | 200,000 | 193,464 |
4.00%, 04/15/25 (a) | 175,000 | 170,401 |
2.50%, 04/15/26 (a) | 300,000 | 277,575 |
3.35%, 04/01/27 (a) | 200,000 | 187,258 |
3.10%, 05/03/27 (a) | 300,000 | 278,769 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 100,000 | 97,659 |
4.15%, 10/01/25 (a) | 250,000 | 242,457 |
Marriott International, Inc. | ||
3.60%, 04/15/24 (a) | 250,000 | 244,732 |
5.75%, 05/01/25 (a) | 100,000 | 100,951 |
3.13%, 06/15/26 (a) | 200,000 | 187,040 |
5.00%, 10/15/27 (a) | 150,000 | 148,368 |
McDonald's Corp. | ||
3.25%, 06/10/24 | 100,000 | 97,804 |
3.38%, 05/26/25 (a) | 150,000 | 144,384 |
3.30%, 07/01/25 (a) | 200,000 | 192,474 |
1.45%, 09/01/25 (a) | 150,000 | 137,171 |
3.70%, 01/30/26 (a) | 350,000 | 337,781 |
3.50%, 03/01/27 (a) | 200,000 | 188,974 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 150,000 | 143,162 |
2.38%, 11/01/26 (a) | 250,000 | 230,235 |
2.75%, 03/27/27 (a) | 250,000 | 232,007 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 150,000 | 143,663 |
PACCAR Financial Corp. | ||
2.15%, 08/15/24 | 100,000 | 95,744 |
1.80%, 02/06/25 | 200,000 | 187,888 |
2.00%, 02/04/27 | 200,000 | 180,238 |
4.60%, 01/10/28 | 100,000 | 99,256 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 149,415 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(d) | 150,000 | 146,623 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 150,000 | 144,668 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 150,000 | 147,772 |
0.88%, 04/15/26 (a) | 150,000 | 131,358 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 150,000 | 145,492 |
2.45%, 06/15/26 (a) | 150,000 | 138,372 |
2.00%, 03/12/27 (a) | 100,000 | 88,997 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 100,000 | 97,659 |
Target Corp. | ||
3.50%, 07/01/24 | 200,000 | 195,622 |
2.25%, 04/15/25 (a) | 300,000 | 283,542 |
2.50%, 04/15/26 | 250,000 | 234,137 |
1.95%, 01/15/27 (a) | 150,000 | 135,233 |
The Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 300,000 | 288,504 |
3.00%, 04/01/26 (a) | 400,000 | 377,744 |
2.13%, 09/15/26 (a) | 300,000 | 273,159 |
2.50%, 04/15/27 (a) | 200,000 | 182,884 |
2.80%, 09/14/27 (a) | 200,000 | 184,072 |
The TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 225,000 | 205,596 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 100,000 | 98,699 |
4.88%, 03/15/27 (a) | 150,000 | 144,461 |
Toyota Motor Corp. | ||
0.68%, 03/25/24 (a) | 400,000 | 381,352 |
2.36%, 07/02/24 | 100,000 | 96,285 |
1.34%, 03/25/26 (a) | 300,000 | 269,376 |
Toyota Motor Credit Corp. | ||
2.50%, 03/22/24 | 200,000 | 194,348 |
2.90%, 04/17/24 | 100,000 | 97,431 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.63%, 09/13/24 | 200,000 | 186,800 |
2.00%, 10/07/24 | 200,000 | 190,402 |
1.45%, 01/13/25 | 300,000 | 280,842 |
1.80%, 02/13/25 | 300,000 | 281,391 |
3.00%, 04/01/25 | 350,000 | 335,160 |
3.40%, 04/14/25 | 150,000 | 144,799 |
3.95%, 06/30/25 | 250,000 | 244,030 |
0.80%, 10/16/25 | 350,000 | 313,988 |
0.80%, 01/09/26 | 100,000 | 89,146 |
1.13%, 06/18/26 | 200,000 | 176,694 |
3.20%, 01/11/27 | 200,000 | 188,112 |
1.90%, 01/13/27 | 50,000 | 44,729 |
3.05%, 03/22/27 | 400,000 | 372,528 |
4.55%, 09/20/27 | 200,000 | 196,948 |
5.45%, 11/10/27 | 150,000 | 153,282 |
3.05%, 01/11/28 | 100,000 | 92,105 |
4.63%, 01/12/28 | 200,000 | 197,494 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 150,000 | 140,663 |
2.80%, 04/23/27 (a) | 200,000 | 181,466 |
VICI Properties LP | ||
4.38%, 05/15/25 | 325,000 | 313,248 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24 (a) | 200,000 | 194,438 |
3.45%, 06/01/26 (a) | 250,000 | 234,500 |
Walmart, Inc. | ||
3.30%, 04/22/24 (a) | 350,000 | 343,325 |
2.85%, 07/08/24 (a) | 200,000 | 194,280 |
3.55%, 06/26/25 (a) | 150,000 | 146,388 |
3.90%, 09/09/25 | 250,000 | 245,042 |
3.05%, 07/08/26 (a) | 200,000 | 189,858 |
1.05%, 09/17/26 (a) | 100,000 | 87,864 |
3.95%, 09/09/27 (a) | 200,000 | 194,988 |
33,136,786 | ||
Consumer Non-Cyclical 3.1% | ||
Abbott Laboratories | ||
2.95%, 03/15/25 (a) | 245,000 | 235,479 |
3.75%, 11/30/26 (a) | 300,000 | 290,259 |
AbbVie, Inc. | ||
3.85%, 06/15/24 (a) | 50,000 | 49,071 |
2.60%, 11/21/24 (a) | 600,000 | 572,514 |
3.80%, 03/15/25 (a) | 600,000 | 582,168 |
3.60%, 05/14/25 (a) | 700,000 | 673,715 |
3.20%, 05/14/26 (a) | 350,000 | 329,119 |
2.95%, 11/21/26 (a) | 850,000 | 784,465 |
Altria Group, Inc. | ||
2.35%, 05/06/25 (a) | 50,000 | 46,916 |
4.40%, 02/14/26 (a) | 200,000 | 195,886 |
2.63%, 09/16/26 (a) | 150,000 | 137,799 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 150,000 | 146,367 |
3.25%, 03/01/25 (a) | 97,000 | 92,986 |
3.45%, 12/15/27 (a) | 150,000 | 139,698 |
Amgen, Inc. | ||
3.63%, 05/22/24 (a) | 250,000 | 244,605 |
1.90%, 02/21/25 (a) | 100,000 | 93,570 |
5.25%, 03/02/25 | 150,000 | 149,727 |
3.13%, 05/01/25 (a) | 200,000 | 191,168 |
5.51%, 03/02/26 (a) | 275,000 | 274,557 |
2.60%, 08/19/26 (a) | 300,000 | 275,535 |
2.20%, 02/21/27 (a) | 400,000 | 358,612 |
3.20%, 11/02/27 (a) | 200,000 | 184,936 |
Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 600,000 | 575,160 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 250,000 | 230,370 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 350,000 | 331,285 |
1.20%, 05/28/26 (a) | 250,000 | 221,447 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 200,000 | 192,138 |
0.70%, 04/08/26 (a) | 200,000 | 175,420 |
3.13%, 06/12/27 (a) | 200,000 | 187,364 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 450,000 | 433,854 |
2.79%, 09/06/24 (a) | 150,000 | 143,820 |
3.22%, 09/06/26 (a) | 200,000 | 184,566 |
4.70%, 04/02/27 (a) | 200,000 | 193,500 |
3.56%, 08/15/27 (a) | 700,000 | 638,694 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 300,000 | 266,757 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 200,000 | 193,956 |
Baxter International, Inc. | ||
1.32%, 11/29/24 | 200,000 | 186,372 |
2.60%, 08/15/26 (a) | 200,000 | 182,138 |
1.92%, 02/01/27 (a) | 300,000 | 261,396 |
Becton Dickinson & Co. | ||
3.36%, 06/06/24 (a) | 250,000 | 243,680 |
3.73%, 12/15/24 (a) | 200,000 | 194,446 |
3.70%, 06/06/27 (a) | 250,000 | 236,135 |
4.69%, 02/13/28 (a) | 150,000 | 146,777 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 400,000 | 387,304 |
Boston Scientific Corp. | ||
3.45%, 03/01/24 (a) | 88,000 | 86,318 |
1.90%, 06/01/25 (a) | 200,000 | 186,066 |
Bristol-Myers Squibb Co. | ||
2.90%, 07/26/24 (a) | 550,000 | 533,219 |
3.88%, 08/15/25 (a) | 80,000 | 77,297 |
0.75%, 11/13/25 (a) | 200,000 | 179,400 |
3.20%, 06/15/26 (a) | 500,000 | 473,600 |
1.13%, 11/13/27 (a) | 175,000 | 148,764 |
3.45%, 11/15/27 (a) | 100,000 | 94,467 |
3.40%, 07/26/29 (a) | 100,000 | 91,788 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 150,000 | 139,910 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 150,000 | 136,836 |
3.25%, 08/15/26 (a) | 250,000 | 232,972 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 150,000 | 146,228 |
3.30%, 03/19/25 (a) | 100,000 | 96,146 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 100,000 | 96,885 |
3.75%, 09/15/25 (a) | 150,000 | 144,198 |
3.41%, 06/15/27 (a) | 250,000 | 233,172 |
Cigna Corp. | ||
3.50%, 06/15/24 (a) | 97,000 | 94,676 |
3.25%, 04/15/25 (a) | 100,000 | 95,989 |
4.13%, 11/15/25 (a) | 400,000 | 389,288 |
4.50%, 02/25/26 (a) | 300,000 | 293,394 |
1.25%, 03/15/26 (a) | 250,000 | 222,177 |
3.40%, 03/01/27 (a) | 350,000 | 327,775 |
Colgate-Palmolive Co. | ||
3.10%, 08/15/27 (a) | 150,000 | 141,678 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 150,000 | 144,053 |
1.55%, 10/01/25 (a) | 100,000 | 90,684 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 200,000 | 197,282 |
4.60%, 11/01/25 (a) | 150,000 | 147,063 |
1.38%, 11/01/27 (a) | 150,000 | 124,916 |
Constellation Brands, Inc. | ||
3.60%, 05/09/24 | 100,000 | 97,976 |
4.75%, 11/15/24 | 50,000 | 49,519 |
4.40%, 11/15/25 (a) | 150,000 | 146,613 |
5.00%, 02/02/26 (a) | 100,000 | 99,134 |
3.50%, 05/09/27 (a) | 200,000 | 188,350 |
4.35%, 05/09/27 (a) | 200,000 | 193,388 |
CVS Health Corp. | ||
3.38%, 08/12/24 (a) | 100,000 | 97,211 |
2.63%, 08/15/24 (a) | 100,000 | 96,342 |
4.10%, 03/25/25 (a) | 150,000 | 147,052 |
3.88%, 07/20/25 (a) | 500,000 | 484,550 |
5.00%, 02/20/26 (a) | 275,000 | 273,584 |
2.88%, 06/01/26 (a) | 500,000 | 465,295 |
3.00%, 08/15/26 (a) | 200,000 | 185,822 |
3.63%, 04/01/27 (a) | 175,000 | 164,944 |
1.30%, 08/21/27 (a) | 400,000 | 337,264 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 150,000 | 142,809 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 200,000 | 182,088 |
5.30%, 10/24/27 (a) | 200,000 | 203,082 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 150,000 | 142,659 |
3.10%, 05/15/27 (a) | 100,000 | 93,708 |
Flowers Foods, Inc. | ||
3.50%, 10/01/26 (a) | 150,000 | 140,693 |
GE HealthCare Technologies, Inc. | ||
5.55%, 11/15/24 (d) | 200,000 | 199,594 |
5.60%, 11/15/25 (a)(d) | 300,000 | 300,627 |
5.65%, 11/15/27 (a)(d) | 250,000 | 253,527 |
General Mills, Inc. | ||
4.00%, 04/17/25 (a) | 100,000 | 97,427 |
5.24%, 11/18/25 (a) | 100,000 | 99,437 |
3.20%, 02/10/27 (a) | 200,000 | 188,988 |
Gilead Sciences, Inc. | ||
3.70%, 04/01/24 (a) | 250,000 | 245,615 |
3.50%, 02/01/25 (a) | 280,000 | 271,264 |
3.65%, 03/01/26 (a) | 700,000 | 668,773 |
2.95%, 03/01/27 (a) | 300,000 | 277,920 |
GlaxoSmithKline Capital PLC | ||
3.00%, 06/01/24 (a) | 200,000 | 194,910 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 200,000 | 194,130 |
GSK Consumer Healthcare Capital US LLC | ||
3.02%, 03/24/24 (a) | 250,000 | 243,147 |
3.13%, 03/24/25 | 250,000 | 238,127 |
3.38%, 03/24/27 (a) | 250,000 | 232,537 |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 100,000 | 95,978 |
3.55%, 11/19/26 (a) | 200,000 | 186,184 |
3.50%, 09/15/27 (a) | 100,000 | 91,732 |
HCA, Inc. | ||
5.00%, 03/15/24 | 350,000 | 347,795 |
5.38%, 02/01/25 | 400,000 | 396,312 |
5.25%, 04/15/25 | 300,000 | 297,150 |
5.88%, 02/15/26 (a) | 200,000 | 200,048 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.25%, 06/15/26 (a) | 200,000 | 197,204 |
5.38%, 09/01/26 (a) | 200,000 | 197,120 |
4.50%, 02/15/27 (a) | 250,000 | 239,632 |
3.13%, 03/15/27 (a)(d) | 250,000 | 227,627 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 100,597 |
JBS USA LUX S.A. | ||
2.50%, 01/15/27 (a)(d) | 200,000 | 174,374 |
Johnson & Johnson | ||
2.63%, 01/15/25 (a) | 100,000 | 96,071 |
0.55%, 09/01/25 (a) | 200,000 | 181,026 |
2.45%, 03/01/26 (a) | 400,000 | 374,868 |
2.95%, 03/03/27 (a) | 250,000 | 235,597 |
0.95%, 09/01/27 (a) | 200,000 | 171,418 |
2.90%, 01/15/28 (a) | 275,000 | 255,843 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 150,000 | 141,053 |
Kellogg Co. | ||
3.25%, 04/01/26 | 200,000 | 188,912 |
Keurig Dr Pepper, Inc. | ||
0.75%, 03/15/24 (a) | 200,000 | 190,328 |
3.40%, 11/15/25 (a) | 200,000 | 190,514 |
3.43%, 06/15/27 (a) | 150,000 | 140,301 |
Kimberly-Clark Corp. | ||
3.05%, 08/15/25 | 150,000 | 143,391 |
2.75%, 02/15/26 | 100,000 | 94,604 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 400,000 | 372,436 |
3.88%, 05/15/27 (a) | 300,000 | 285,324 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 250,000 | 242,137 |
2.30%, 12/01/24 (a) | 100,000 | 94,612 |
3.60%, 02/01/25 (a) | 150,000 | 144,777 |
1.55%, 06/01/26 (a) | 150,000 | 132,977 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 150,000 | 145,079 |
0.90%, 02/15/26 (a) | 200,000 | 176,078 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 150,000 | 147,634 |
0.90%, 12/03/25 (a) | 200,000 | 179,032 |
5.25%, 02/15/26 (a) | 100,000 | 99,466 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 200,000 | 195,010 |
Merck & Co., Inc. | ||
2.90%, 03/07/24 (a) | 100,000 | 97,677 |
2.75%, 02/10/25 (a) | 400,000 | 383,808 |
0.75%, 02/24/26 (a) | 250,000 | 221,387 |
1.70%, 06/10/27 (a) | 300,000 | 265,074 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 400,000 | 370,068 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 100,000 | 92,275 |
2.63%, 03/17/27 (a) | 200,000 | 182,730 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 400,000 | 391,852 |
1.75%, 02/14/25 (a) | 200,000 | 187,884 |
3.00%, 11/20/25 (a) | 300,000 | 285,630 |
2.00%, 02/14/27 (a) | 250,000 | 226,367 |
3.10%, 05/17/27 (a) | 200,000 | 188,112 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 150,000 | 134,600 |
PepsiCo, Inc. | ||
2.25%, 03/19/25 (a) | 300,000 | 284,463 |
2.75%, 04/30/25 (a) | 150,000 | 143,300 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.50%, 07/17/25 (a) | 200,000 | 193,746 |
4.55%, 02/13/26 (a) | 100,000 | 99,366 |
2.85%, 02/24/26 (a) | 200,000 | 189,120 |
2.38%, 10/06/26 (a) | 200,000 | 184,632 |
2.63%, 03/19/27 (a) | 100,000 | 92,554 |
3.00%, 10/15/27 (a) | 300,000 | 279,393 |
PerkinElmer, Inc. | ||
0.85%, 09/15/24 (a) | 200,000 | 186,206 |
Pfizer, Inc. | ||
2.95%, 03/15/24 (a) | 150,000 | 146,540 |
3.40%, 05/15/24 | 150,000 | 146,948 |
0.80%, 05/28/25 (a) | 100,000 | 91,742 |
2.75%, 06/03/26 | 300,000 | 281,994 |
3.00%, 12/15/26 | 300,000 | 282,315 |
Philip Morris International, Inc. | ||
2.88%, 05/01/24 (a) | 200,000 | 194,282 |
3.25%, 11/10/24 | 200,000 | 193,906 |
1.50%, 05/01/25 (a) | 100,000 | 92,596 |
3.38%, 08/11/25 (a) | 200,000 | 191,854 |
5.00%, 11/17/25 | 200,000 | 199,038 |
4.88%, 02/13/26 | 225,000 | 222,489 |
2.75%, 02/25/26 (a) | 200,000 | 186,560 |
0.88%, 05/01/26 (a) | 150,000 | 131,321 |
5.13%, 11/17/27 (a) | 300,000 | 298,905 |
4.88%, 02/15/28 (a) | 200,000 | 195,880 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 150,000 | 144,423 |
3.45%, 06/01/26 (a) | 200,000 | 189,528 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 500,000 | 486,730 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 200,000 | 179,150 |
1.75%, 09/02/27 (a) | 150,000 | 127,187 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 600,000 | 558,606 |
Stryker Corp. | ||
3.38%, 05/15/24 (a) | 100,000 | 97,701 |
1.15%, 06/15/25 (a) | 100,000 | 91,177 |
3.38%, 11/01/25 (a) | 200,000 | 191,348 |
3.50%, 03/15/26 (a) | 250,000 | 239,107 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 150,000 | 135,761 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 200,000 | 192,678 |
3.30%, 07/15/26 (a) | 300,000 | 282,018 |
The Clorox Co. | ||
3.10%, 10/01/27 (a) | 100,000 | 92,668 |
The Coca-Cola Co. | ||
1.75%, 09/06/24 | 150,000 | 144,153 |
3.38%, 03/25/27 | 250,000 | 238,697 |
1.45%, 06/01/27 | 300,000 | 263,835 |
The Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 150,000 | 142,403 |
The Hershey Co. | ||
0.90%, 06/01/25 (a) | 100,000 | 91,406 |
2.30%, 08/15/26 (a) | 150,000 | 138,434 |
The JM Smucker Co. | ||
3.50%, 03/15/25 | 200,000 | 192,800 |
3.38%, 12/15/27 (a) | 100,000 | 92,640 |
The Kroger Co. | ||
3.50%, 02/01/26 (a) | 200,000 | 190,384 |
2.65%, 10/15/26 (a) | 200,000 | 184,408 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The Procter & Gamble Co. | ||
0.55%, 10/29/25 | 150,000 | 135,023 |
2.70%, 02/02/26 | 100,000 | 94,565 |
1.00%, 04/23/26 | 250,000 | 222,737 |
2.45%, 11/03/26 | 100,000 | 92,384 |
1.90%, 02/01/27 | 250,000 | 227,620 |
2.80%, 03/25/27 | 150,000 | 139,950 |
3.95%, 01/26/28 | 150,000 | 146,561 |
Thermo Fisher Scientific, Inc. | ||
1.22%, 10/18/24 (a) | 500,000 | 468,720 |
Tyson Foods, Inc. | ||
3.95%, 08/15/24 (a) | 300,000 | 294,384 |
4.00%, 03/01/26 (a) | 150,000 | 144,944 |
3.55%, 06/02/27 (a) | 300,000 | 280,770 |
Unilever Capital Corp. | ||
3.25%, 03/07/24 (a) | 150,000 | 147,117 |
2.60%, 05/05/24 (a) | 200,000 | 194,012 |
0.63%, 08/12/24 (a) | 100,000 | 93,632 |
3.10%, 07/30/25 | 200,000 | 191,228 |
2.00%, 07/28/26 | 150,000 | 136,385 |
2.90%, 05/05/27 (a) | 200,000 | 186,264 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 200,000 | 173,640 |
UPMC | ||
1.80%, 04/15/26 (a) | 150,000 | 134,487 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 450,000 | 421,177 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 150,000 | 136,620 |
2.30%, 06/22/27 (a) | 150,000 | 129,776 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 100,000 | 98,542 |
3.70%, 05/01/25 | 100,000 | 96,475 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 300,000 | 288,741 |
3.05%, 01/15/26 (a) | 200,000 | 188,164 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 200,000 | 196,354 |
3.00%, 09/12/27 (a) | 150,000 | 138,501 |
49,652,948 | ||
Energy 1.4% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 200,000 | 184,776 |
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc. | ||
2.06%, 12/15/26 (a) | 150,000 | 134,264 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 100,000 | 98,497 |
4.45%, 07/15/27 (a) | 150,000 | 143,081 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 200,000 | 195,696 |
3.41%, 02/11/26 (a) | 100,000 | 95,564 |
3.12%, 05/04/26 (a) | 300,000 | 283,524 |
3.02%, 01/16/27 (a) | 200,000 | 186,042 |
3.59%, 04/14/27 (a) | 200,000 | 189,340 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 200,000 | 186,500 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 100,000 | 98,116 |
3.90%, 02/01/25 (a) | 100,000 | 97,004 |
2.05%, 07/15/25 (a) | 150,000 | 138,782 |
3.85%, 06/01/27 (a) | 250,000 | 234,885 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 350,000 | 351,288 |
5.13%, 06/30/27 (a) | 300,000 | 296,373 |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 150,000 | 146,692 |
1.55%, 05/11/25 (a) | 500,000 | 464,400 |
3.33%, 11/17/25 (a) | 100,000 | 96,135 |
2.95%, 05/16/26 (a) | 500,000 | 470,900 |
2.00%, 05/11/27 (a) | 200,000 | 179,270 |
Chevron USA, Inc. | ||
3.90%, 11/15/24 (a) | 100,000 | 98,417 |
0.69%, 08/12/25 (a) | 200,000 | 180,552 |
3.85%, 01/15/28 (a) | 150,000 | 144,405 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 200,000 | 195,914 |
ConocoPhillips Co. | ||
3.35%, 11/15/24 (a) | 100,000 | 97,159 |
Continental Resources, Inc. | ||
3.80%, 06/01/24 (a) | 250,000 | 244,035 |
4.38%, 01/15/28 (a) | 200,000 | 185,590 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 200,000 | 187,902 |
DCP Midstream Operating LP | ||
5.63%, 07/15/27 (a) | 200,000 | 198,422 |
Devon Energy Corp. | ||
5.25%, 09/15/24 (a)(d) | 50,000 | 49,785 |
5.85%, 12/15/25 (a) | 150,000 | 151,251 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 200,000 | 185,352 |
Eastern Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 100,000 | 95,499 |
3.60%, 12/15/24 (a) | 67,000 | 65,091 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 150,000 | 151,785 |
Enbridge, Inc. | ||
3.50%, 06/10/24 (a) | 100,000 | 97,452 |
2.50%, 01/15/25 (a) | 100,000 | 94,666 |
1.60%, 10/04/26 (a) | 150,000 | 131,922 |
4.25%, 12/01/26 (a) | 200,000 | 191,848 |
Energy Transfer LP | ||
4.25%, 04/01/24 (a) | 100,000 | 98,424 |
4.50%, 04/15/24 (a) | 200,000 | 197,428 |
3.90%, 05/15/24 (a) | 100,000 | 97,745 |
4.05%, 03/15/25 (a) | 50,000 | 48,538 |
2.90%, 05/15/25 (a) | 200,000 | 188,792 |
4.75%, 01/15/26 (a) | 250,000 | 244,727 |
3.90%, 07/15/26 (a) | 200,000 | 188,886 |
4.40%, 03/15/27 (a) | 200,000 | 191,114 |
4.20%, 04/15/27 (a) | 200,000 | 189,422 |
5.50%, 06/01/27 (a) | 200,000 | 198,892 |
5.55%, 02/15/28 (a) | 200,000 | 199,462 |
Enterprise Products Operating LLC | ||
3.75%, 02/15/25 (a) | 200,000 | 194,294 |
5.05%, 01/10/26 | 150,000 | 149,826 |
3.70%, 02/15/26 (a) | 250,000 | 240,227 |
3.95%, 02/15/27 (a) | 100,000 | 95,575 |
5.25%, 08/16/77 (a)(b) | 200,000 | 179,180 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 100,000 | 95,910 |
4.15%, 01/15/26 (a) | 200,000 | 195,526 |
EQT Corp. | ||
6.13%, 02/01/25 (a)(h) | 250,000 | 250,565 |
3.90%, 10/01/27 (a) | 200,000 | 183,668 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Exxon Mobil Corp. | ||
3.18%, 03/15/24 (a) | 100,000 | 97,929 |
2.02%, 08/16/24 (a) | 250,000 | 239,247 |
2.71%, 03/06/25 (a) | 200,000 | 191,096 |
2.99%, 03/19/25 (a) | 450,000 | 432,189 |
3.04%, 03/01/26 (a) | 500,000 | 473,965 |
2.28%, 08/16/26 (a) | 250,000 | 229,585 |
3.29%, 03/19/27 (a) | 250,000 | 238,320 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 140,000 | 135,422 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 250,000 | 239,597 |
HF Sinclair Corp. | ||
2.63%, 10/01/23 | 200,000 | 196,680 |
5.88%, 04/01/26 (a) | 150,000 | 150,126 |
Kinder Morgan Energy Partners LP | ||
4.30%, 05/01/24 (a) | 100,000 | 98,592 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 400,000 | 390,888 |
1.75%, 11/15/26 (a) | 150,000 | 131,597 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26 (a) | 200,000 | 198,004 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 200,000 | 190,762 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 100,000 | 97,471 |
4.70%, 05/01/25 (a) | 250,000 | 246,525 |
5.13%, 12/15/26 (a) | 200,000 | 198,938 |
MPLX LP | ||
4.88%, 12/01/24 (a) | 200,000 | 197,430 |
4.00%, 02/15/25 (a) | 50,000 | 48,586 |
4.88%, 06/01/25 (a) | 250,000 | 246,235 |
1.75%, 03/01/26 (a) | 200,000 | 178,948 |
4.13%, 03/01/27 (a) | 300,000 | 286,341 |
4.25%, 12/01/27 (a) | 150,000 | 141,939 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 100,000 | 98,730 |
5.50%, 01/15/26 (a) | 100,000 | 99,792 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 100,000 | 98,625 |
ONEOK, Inc. | ||
2.75%, 09/01/24 (a) | 100,000 | 95,690 |
5.85%, 01/15/26 (a) | 275,000 | 277,326 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 100,000 | 99,254 |
Phillips 66 | ||
1.30%, 02/15/26 (a) | 100,000 | 89,226 |
Phillips 66 Partners LP | ||
2.45%, 12/15/24 (a)(d) | 100,000 | 94,350 |
3.55%, 10/01/26 (a) | 150,000 | 139,965 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 150,000 | 133,598 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.60%, 11/01/24 (a) | 100,000 | 96,789 |
4.65%, 10/15/25 (a) | 100,000 | 97,733 |
4.50%, 12/15/26 (a) | 200,000 | 191,914 |
Sabine Pass Liquefaction LLC | ||
5.75%, 05/15/24 (a) | 250,000 | 250,010 |
5.63%, 03/01/25 (a) | 400,000 | 399,600 |
5.88%, 06/30/26 (a) | 175,000 | 176,190 |
5.00%, 03/15/27 (a) | 400,000 | 390,508 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 150,000 | 137,409 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Shell International Finance BV | ||
2.00%, 11/07/24 (a) | 300,000 | 285,462 |
3.25%, 05/11/25 | 500,000 | 481,665 |
2.88%, 05/10/26 | 500,000 | 468,480 |
Spectra Energy Partners LP | ||
3.50%, 03/15/25 (a) | 150,000 | 144,463 |
3.38%, 10/15/26 (a) | 150,000 | 140,313 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 200,000 | 196,784 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 (a) | 150,000 | 143,532 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 100,000 | 97,793 |
3.90%, 05/25/27 (a) | 100,000 | 94,563 |
The Williams Cos., Inc. | ||
4.30%, 03/04/24 (a) | 200,000 | 197,502 |
4.55%, 06/24/24 (a) | 200,000 | 197,298 |
3.90%, 01/15/25 (a) | 200,000 | 194,160 |
4.00%, 09/15/25 (a) | 200,000 | 192,954 |
3.75%, 06/15/27 (a) | 250,000 | 235,245 |
TotalEnergies Capital International S.A. | ||
3.75%, 04/10/24 | 150,000 | 147,442 |
2.43%, 01/10/25 (a) | 150,000 | 143,471 |
TransCanada PipeLines Ltd. | ||
1.00%, 10/12/24 (a) | 300,000 | 278,532 |
4.88%, 01/15/26 (a) | 100,000 | 98,634 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 265,195 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 100,000 | 87,960 |
22,780,946 | ||
Industrial Other 0.0% | ||
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 200,000 | 191,116 |
Yale University | ||
0.87%, 04/15/25 (a) | 150,000 | 137,710 |
328,826 | ||
Technology 2.6% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 100,000 | 94,474 |
3.25%, 02/01/25 (a) | 100,000 | 96,869 |
2.15%, 02/01/27 (a) | 200,000 | 181,912 |
Alphabet, Inc. | ||
0.45%, 08/15/25 (a) | 250,000 | 226,295 |
2.00%, 08/15/26 (a) | 450,000 | 412,123 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 350,000 | 335,104 |
Apple Inc. | ||
3.45%, 05/06/24 | 425,000 | 417,312 |
2.85%, 05/11/24 (a) | 300,000 | 292,482 |
1.80%, 09/11/24 (a) | 100,000 | 95,296 |
2.75%, 01/13/25 (a) | 200,000 | 192,388 |
2.50%, 02/09/25 | 250,000 | 239,122 |
1.13%, 05/11/25 (a) | 450,000 | 415,701 |
3.20%, 05/13/25 | 500,000 | 483,045 |
0.55%, 08/20/25 (a) | 350,000 | 315,679 |
0.70%, 02/08/26 (a) | 300,000 | 266,292 |
3.25%, 02/23/26 (a) | 750,000 | 718,132 |
2.45%, 08/04/26 (a) | 600,000 | 555,450 |
2.05%, 09/11/26 (a) | 300,000 | 273,192 |
3.35%, 02/09/27 (a) | 400,000 | 381,376 |
3.20%, 05/11/27 (a) | 500,000 | 472,745 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 06/20/27 (a) | 250,000 | 235,000 |
2.90%, 09/12/27 (a) | 350,000 | 325,538 |
3.00%, 11/13/27 (a) | 250,000 | 233,033 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 200,000 | 194,842 |
3.30%, 04/01/27 (a) | 200,000 | 189,154 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 100,000 | 96,593 |
3.88%, 01/12/28 (a) | 100,000 | 91,786 |
Autodesk, Inc. | ||
3.50%, 06/15/27 (a) | 100,000 | 93,946 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 250,000 | 241,030 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 150,000 | 144,260 |
Baidu, Inc. | ||
4.38%, 05/14/24 (a) | 250,000 | 246,137 |
3.08%, 04/07/25 (a) | 250,000 | 237,142 |
1.72%, 04/09/26 (a) | 200,000 | 178,156 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.13%, 01/15/25 (a) | 200,000 | 191,524 |
3.88%, 01/15/27 (a) | 675,000 | 637,112 |
3.50%, 01/15/28 (a) | 200,000 | 182,846 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 150,000 | 145,590 |
3.15%, 11/15/25 (a) | 100,000 | 94,220 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 93,921 |
Cadence Design Systems, Inc. | ||
4.38%, 10/15/24 (a) | 100,000 | 98,509 |
CDW LLC/CDW Finance Corp. | ||
5.50%, 12/01/24 (a) | 100,000 | 99,274 |
2.67%, 12/01/26 (a) | 250,000 | 222,665 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 200,000 | 176,042 |
Cisco Systems, Inc. | ||
2.95%, 02/28/26 | 100,000 | 94,775 |
2.50%, 09/20/26 (a) | 400,000 | 370,260 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 150,000 | 147,036 |
5.85%, 07/15/25 (a) | 150,000 | 151,034 |
6.02%, 06/15/26 (a) | 850,000 | 860,225 |
4.90%, 10/01/26 (a) | 300,000 | 293,451 |
6.10%, 07/15/27 (a) | 100,000 | 102,880 |
5.25%, 02/01/28 (a) | 200,000 | 196,808 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 200,000 | 174,018 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 100,000 | 95,153 |
2.60%, 12/15/25 (a) | 100,000 | 92,615 |
5.10%, 12/15/27 (a) | 150,000 | 148,671 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 100,000 | 95,245 |
1.25%, 07/15/25 (a) | 150,000 | 135,762 |
1.00%, 09/15/25 (a) | 150,000 | 134,064 |
1.45%, 05/15/26 (a) | 200,000 | 176,556 |
2.90%, 11/18/26 (a) | 150,000 | 137,078 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 100,000 | 92,128 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 200,000 | 190,638 |
1.15%, 03/01/26 (a) | 350,000 | 307,174 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fiserv, Inc. | ||
2.75%, 07/01/24 (a) | 350,000 | 336,990 |
3.85%, 06/01/25 (a) | 150,000 | 144,498 |
3.20%, 07/01/26 (a) | 300,000 | 280,179 |
2.25%, 06/01/27 (a) | 250,000 | 221,958 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 150,000 | 146,600 |
3.75%, 02/01/26 (a) | 100,000 | 95,131 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 150,000 | 131,604 |
Genpact Luxembourg Sarl | ||
1.75%, 04/10/26 (a) | 150,000 | 133,911 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 100,000 | 93,137 |
2.65%, 02/15/25 (a) | 250,000 | 235,975 |
1.20%, 03/01/26 (a) | 200,000 | 174,966 |
4.80%, 04/01/26 (a) | 250,000 | 243,610 |
2.15%, 01/15/27 (a) | 175,000 | 153,524 |
Hewlett Packard Enterprise Co. | ||
1.45%, 04/01/24 (a) | 150,000 | 143,580 |
4.90%, 10/15/25 (a) | 500,000 | 495,920 |
1.75%, 04/01/26 (a) | 150,000 | 134,769 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 350,000 | 327,061 |
1.45%, 06/17/26 (a) | 250,000 | 219,643 |
3.00%, 06/17/27 (a) | 175,000 | 159,301 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 150,000 | 146,061 |
3.40%, 03/25/25 (a) | 300,000 | 290,418 |
3.70%, 07/29/25 (a) | 550,000 | 532,158 |
4.88%, 02/10/26 | 275,000 | 272,426 |
2.60%, 05/19/26 (a) | 250,000 | 232,225 |
3.75%, 03/25/27 (a) | 250,000 | 238,937 |
3.75%, 08/05/27 (a) | 250,000 | 237,737 |
4.88%, 02/10/28 (a) | 350,000 | 345,033 |
International Business Machines Corp. | ||
3.00%, 05/15/24 | 650,000 | 632,157 |
3.45%, 02/19/26 | 400,000 | 381,404 |
3.30%, 05/15/26 | 600,000 | 567,474 |
3.30%, 01/27/27 | 100,000 | 93,875 |
2.20%, 02/09/27 (a) | 200,000 | 179,924 |
1.70%, 05/15/27 (a) | 300,000 | 263,082 |
4.15%, 07/27/27 (a) | 200,000 | 193,404 |
4.50%, 02/06/28 (a) | 200,000 | 194,854 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 150,000 | 136,251 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 150,000 | 133,790 |
4.25%, 05/15/27 (a) | 100,000 | 95,128 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 100,000 | 89,060 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 100,000 | 98,516 |
4.60%, 04/06/27 (a) | 200,000 | 196,130 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 200,000 | 198,224 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 100,000 | 86,251 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 100,000 | 97,414 |
3.75%, 03/15/26 (a) | 100,000 | 96,400 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 100,000 | 96,179 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 89,312 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 350,000 | 343,591 |
2.00%, 03/03/25 (a) | 100,000 | 94,397 |
3.30%, 03/26/27 (a) | 250,000 | 236,625 |
Microchip Technology, Inc. | ||
4.25%, 09/01/25 (a) | 200,000 | 193,940 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 100,000 | 98,742 |
4.19%, 02/15/27 (a) | 200,000 | 189,382 |
Microsoft Corp. | ||
2.70%, 02/12/25 (a) | 400,000 | 385,080 |
3.13%, 11/03/25 (a) | 600,000 | 575,064 |
2.40%, 08/08/26 (a) | 700,000 | 649,082 |
3.30%, 02/06/27 (a) | 800,000 | 764,536 |
Moody's Corp. | ||
3.75%, 03/24/25 (a) | 100,000 | 96,835 |
3.25%, 01/15/28 (a) | 150,000 | 138,132 |
Motorola Solutions, Inc. | ||
4.00%, 09/01/24 | 100,000 | 98,169 |
NetApp, Inc. | ||
1.88%, 06/22/25 (a) | 250,000 | 230,460 |
2.38%, 06/22/27 (a) | 125,000 | 112,440 |
Nokia Oyj | ||
4.38%, 06/12/27 | 100,000 | 93,596 |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 250,000 | 235,873 |
3.20%, 09/16/26 (a) | 100,000 | 94,965 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a) | 200,000 | 198,200 |
3.15%, 05/01/27 (a) | 100,000 | 91,314 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 100,000 | 93,945 |
3.88%, 06/18/26 (a) | 200,000 | 189,978 |
4.40%, 06/01/27 (a) | 50,000 | 47,978 |
Oracle Corp. | ||
3.40%, 07/08/24 (a) | 450,000 | 437,994 |
2.95%, 11/15/24 (a) | 300,000 | 287,820 |
2.50%, 04/01/25 (a) | 700,000 | 660,289 |
2.95%, 05/15/25 (a) | 400,000 | 379,540 |
1.65%, 03/25/26 (a) | 600,000 | 536,196 |
2.65%, 07/15/26 (a) | 750,000 | 685,597 |
2.80%, 04/01/27 (a) | 400,000 | 363,176 |
3.25%, 11/15/27 (a) | 400,000 | 366,192 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 200,000 | 191,618 |
1.65%, 06/01/25 (a) | 200,000 | 185,370 |
2.65%, 10/01/26 (a) | 200,000 | 184,748 |
3.90%, 06/01/27 (a)(c) | 150,000 | 144,578 |
Qorvo, Inc. | ||
1.75%, 12/15/24 (a)(d) | 150,000 | 139,185 |
QUALCOMM, Inc. | ||
3.45%, 05/20/25 (a) | 300,000 | 289,893 |
3.25%, 05/20/27 (a) | 400,000 | 376,352 |
S&P Global, Inc. | ||
2.45%, 03/01/27 (a)(d) | 300,000 | 273,173 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 150,000 | 132,170 |
TD SYNNEX Corp. | ||
1.25%, 08/09/24 (a) | 100,000 | 93,422 |
1.75%, 08/09/26 (a) | 200,000 | 172,406 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 225,000 | 209,619 |
1.13%, 09/15/26 (a) | 150,000 | 132,059 |
2.90%, 11/03/27 (a) | 100,000 | 92,595 |
The Western Union Co. | ||
2.85%, 01/10/25 (a) | 150,000 | 142,506 |
1.35%, 03/15/26 (a) | 150,000 | 131,976 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 350,000 | 309,599 |
3.88%, 04/22/27 (a) | 200,000 | 192,138 |
Tyco Electronics Group S.A. | ||
3.45%, 08/01/24 (a) | 100,000 | 97,499 |
4.50%, 02/13/26 | 100,000 | 98,736 |
3.13%, 08/15/27 (a) | 100,000 | 92,150 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 150,000 | 149,801 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 200,000 | 193,804 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 750,000 | 716,325 |
1.90%, 04/15/27 (a) | 200,000 | 179,654 |
2.75%, 09/15/27 (a) | 150,000 | 138,846 |
VMware, Inc. | ||
1.00%, 08/15/24 (a) | 300,000 | 280,431 |
4.50%, 05/15/25 (a) | 150,000 | 146,946 |
1.40%, 08/15/26 (a) | 200,000 | 172,776 |
4.65%, 05/15/27 (a) | 100,000 | 96,648 |
3.90%, 08/21/27 (a) | 250,000 | 233,780 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 500,000 | 471,935 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 250,000 | 233,715 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 150,000 | 145,776 |
40,806,418 | ||
Transportation 0.4% | ||
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 100,000 | 98,003 |
Burlington Northern Santa Fe LLC | ||
3.75%, 04/01/24 (a) | 100,000 | 98,570 |
3.40%, 09/01/24 (a) | 100,000 | 97,495 |
3.00%, 04/01/25 (a) | 150,000 | 143,684 |
7.00%, 12/15/25 | 100,000 | 105,217 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 100,000 | 96,286 |
2.75%, 03/01/26 (a) | 150,000 | 140,495 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 200,000 | 186,412 |
2.90%, 02/01/25 (a) | 200,000 | 190,766 |
1.75%, 12/02/26 (a) | 200,000 | 177,228 |
Continental Airlines 2012-2 Class A Pass-Through Trust | ||
4.00%, 04/29/26 (a) | 55,202 | 53,700 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 150,000 | 146,104 |
3.35%, 11/01/25 (a) | 100,000 | 95,477 |
3.25%, 06/01/27 (a) | 250,000 | 233,195 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 10/25/25 (a) | 100,000 | 98,071 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 150,000 | 142,035 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 100,000 | 85,869 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 200,000 | 192,286 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25 (a) | 200,000 | 192,474 |
2.90%, 06/15/26 (a) | 150,000 | 139,470 |
Ryder System, Inc. | ||
3.65%, 03/18/24 (a) | 100,000 | 97,929 |
4.63%, 06/01/25 (a) | 200,000 | 195,516 |
3.35%, 09/01/25 (a) | 75,000 | 71,154 |
1.75%, 09/01/26 (a) | 100,000 | 88,375 |
2.85%, 03/01/27 (a) | 200,000 | 181,854 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 400,000 | 398,428 |
5.13%, 06/15/27 (a) | 350,000 | 345,240 |
Union Pacific Corp. | ||
3.15%, 03/01/24 (a) | 100,000 | 97,931 |
3.75%, 03/15/24 (a) | 100,000 | 98,424 |
3.25%, 01/15/25 (a) | 100,000 | 96,625 |
2.75%, 03/01/26 (a) | 200,000 | 187,612 |
2.15%, 02/05/27 (a) | 200,000 | 181,146 |
3.00%, 04/15/27 (a) | 100,000 | 93,176 |
United Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 10/11/25 | 26,621 | 26,114 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 (a) | 57,818 | 55,796 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 (a) | 88,296 | 82,642 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 91,190 | 85,755 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 (a) | 377,267 | 374,531 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 144,700 | 140,071 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 100,000 | 95,745 |
2.80%, 11/15/24 (a) | 75,000 | 72,255 |
3.90%, 04/01/25 (a) | 200,000 | 195,504 |
3.05%, 11/15/27 (a) | 150,000 | 139,371 |
6,114,031 | ||
204,830,381 | ||
Utility 1.4% | ||
Electric 1.3% | ||
AEP Transmission Co. LLC | ||
3.10%, 12/01/26 (a) | 150,000 | 140,633 |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 150,000 | 143,217 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 100,000 | 95,470 |
3.65%, 02/15/26 (a) | 250,000 | 238,572 |
American Electric Power Co., Inc. | ||
2.03%, 03/15/24 | 200,000 | 192,524 |
1.00%, 11/01/25 (a) | 250,000 | 223,262 |
3.88%, 02/15/62 (a)(b) | 150,000 | 125,823 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 250,000 | 240,357 |
3.20%, 04/15/25 (a) | 100,000 | 95,027 |
Baltimore Gas & Electric Co. | ||
2.40%, 08/15/26 (a) | 150,000 | 137,202 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 100,000 | 96,893 |
4.05%, 04/15/25 (a) | 250,000 | 244,770 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Black Hills Corp. | ||
1.04%, 08/23/24 (a) | 100,000 | 93,562 |
3.15%, 01/15/27 (a) | 100,000 | 92,414 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 100,000 | 95,606 |
1.45%, 06/01/26 (a) | 150,000 | 133,502 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 200,000 | 187,864 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 100,000 | 93,262 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 150,000 | 138,831 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 250,000 | 237,780 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 | 150,000 | 144,735 |
3.30%, 03/15/25 (a) | 100,000 | 95,833 |
3.90%, 10/01/25 (a) | 150,000 | 145,166 |
1.45%, 04/15/26 (a) | 200,000 | 177,770 |
5.75%, 10/01/54 (a)(b) | 122,000 | 118,000 |
DTE Electric Co. | ||
3.65%, 03/15/24 (a) | 100,000 | 98,232 |
DTE Energy Co. | ||
2.53%, 10/01/24 (i) | 100,000 | 95,535 |
4.22%, 11/01/24 (i) | 250,000 | 244,750 |
1.05%, 06/01/25 (a) | 200,000 | 181,222 |
2.85%, 10/01/26 (a) | 200,000 | 183,800 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 200,000 | 186,310 |
Duke Energy Corp. | ||
3.75%, 04/15/24 (a) | 200,000 | 196,328 |
0.90%, 09/15/25 (a) | 150,000 | 134,261 |
2.65%, 09/01/26 (a) | 200,000 | 182,760 |
5.00%, 12/08/27 (a) | 150,000 | 148,855 |
3.25%, 01/15/82 (a)(b) | 100,000 | 79,689 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 200,000 | 188,026 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 100,000 | 95,741 |
Edison International | ||
3.55%, 11/15/24 (a) | 100,000 | 96,763 |
4.95%, 04/15/25 (a) | 150,000 | 147,972 |
5.75%, 06/15/27 (a) | 150,000 | 150,828 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 250,000 | 235,307 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 150,000 | 145,600 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 100,000 | 97,991 |
Entergy Arkansas LLC | ||
3.70%, 06/01/24 (a) | 100,000 | 98,100 |
3.50%, 04/01/26 (a) | 200,000 | 191,356 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 250,000 | 223,087 |
2.95%, 09/01/26 (a) | 200,000 | 184,104 |
Entergy Louisiana LLC | ||
0.95%, 10/01/24 (a) | 250,000 | 233,287 |
5.40%, 11/01/24 | 100,000 | 100,463 |
Evergy Kansas Central, Inc. | ||
2.55%, 07/01/26 (a) | 150,000 | 137,703 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 250,000 | 238,292 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Eversource Energy | ||
2.90%, 10/01/24 (a) | 50,000 | 48,087 |
0.80%, 08/15/25 (a) | 100,000 | 89,575 |
2.90%, 03/01/27 (a) | 200,000 | 183,302 |
4.60%, 07/01/27 (a) | 200,000 | 195,314 |
3.30%, 01/15/28 (a) | 150,000 | 138,305 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 100,000 | 96,849 |
3.40%, 04/15/26 (a) | 200,000 | 188,692 |
2.75%, 03/15/27 (a) | 150,000 | 136,704 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 250,000 | 239,160 |
3.13%, 12/01/25 (a) | 200,000 | 190,882 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 250,000 | 232,225 |
Georgia Power Co. | ||
3.25%, 03/30/27 (a) | 150,000 | 139,034 |
Interstate Power & Light Co. | ||
3.25%, 12/01/24 (a) | 100,000 | 96,419 |
IPALCO Enterprises, Inc. | ||
3.70%, 09/01/24 (a) | 50,000 | 48,444 |
ITC Holdings Corp. | ||
3.65%, 06/15/24 (a) | 100,000 | 97,510 |
3.35%, 11/15/27 (a) | 150,000 | 138,642 |
MidAmerican Energy Co. | ||
3.50%, 10/15/24 (a) | 100,000 | 97,376 |
National Rural Utilities Cooperative Finance Corp. | ||
2.85%, 01/27/25 (a) | 100,000 | 95,731 |
1.88%, 02/07/25 | 150,000 | 140,795 |
3.25%, 11/01/25 (a) | 200,000 | 189,984 |
1.00%, 06/15/26 (a) | 200,000 | 175,032 |
NextEra Energy Capital Holdings, Inc. | ||
2.94%, 03/21/24 (a) | 350,000 | 341,428 |
4.20%, 06/20/24 | 150,000 | 147,498 |
4.45%, 06/20/25 | 250,000 | 244,845 |
1.88%, 01/15/27 (a) | 250,000 | 220,437 |
3.55%, 05/01/27 (a) | 350,000 | 327,337 |
4.63%, 07/15/27 (a) | 250,000 | 243,280 |
4.80%, 12/01/77 (a)(b) | 100,000 | 88,891 |
3.80%, 03/15/82 (a)(b) | 100,000 | 85,807 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 200,000 | 186,640 |
Oncor Electric Delivery Co., LLC | ||
2.75%, 06/01/24 (a) | 100,000 | 96,893 |
2.95%, 04/01/25 (a) | 100,000 | 95,348 |
0.55%, 10/01/25 (a) | 100,000 | 89,265 |
Pacific Gas & Electric Co. | ||
3.50%, 06/15/25 (a) | 150,000 | 142,412 |
3.45%, 07/01/25 | 300,000 | 284,577 |
3.15%, 01/01/26 | 300,000 | 278,688 |
2.95%, 03/01/26 (a) | 200,000 | 184,558 |
5.45%, 06/15/27 (a) | 300,000 | 293,775 |
3.30%, 12/01/27 (a) | 150,000 | 134,130 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 125,000 | 113,578 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 200,000 | 187,220 |
Public Service Electric & Gas Co. | ||
0.95%, 03/15/26 (a) | 100,000 | 88,825 |
2.25%, 09/15/26 (a) | 200,000 | 181,982 |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 200,000 | 193,130 |
0.80%, 08/15/25 (a) | 250,000 | 224,325 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 200,000 | 189,988 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 150,000 | 137,961 |
Southern California Edison Co. | ||
1.10%, 04/01/24 (a) | 150,000 | 143,040 |
3.70%, 08/01/25 (a) | 250,000 | 240,322 |
1.20%, 02/01/26 (a) | 100,000 | 88,679 |
4.70%, 06/01/27 (a) | 150,000 | 147,739 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 100,000 | 97,769 |
0.90%, 01/15/26 (a) | 100,000 | 88,621 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 150,000 | 134,252 |
2.75%, 10/01/26 (a) | 100,000 | 91,364 |
Southwestern Public Service Co. | ||
3.30%, 06/15/24 (a) | 100,000 | 97,548 |
The AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 132,828 |
The Connecticut Light & Power Co. | ||
3.20%, 03/15/27 (a) | 200,000 | 188,260 |
The Southern Co. | ||
4.48%, 08/01/24 (i) | 200,000 | 197,092 |
3.25%, 07/01/26 (a) | 500,000 | 466,940 |
4.00%, 01/15/51 (a)(b) | 250,000 | 234,227 |
3.75%, 09/15/51 (a)(b) | 250,000 | 215,150 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 150,000 | 143,516 |
Virginia Electric & Power Co. | ||
3.10%, 05/15/25 (a) | 100,000 | 95,460 |
3.15%, 01/15/26 (a) | 200,000 | 189,526 |
2.95%, 11/15/26 (a) | 150,000 | 138,626 |
3.50%, 03/15/27 (a) | 100,000 | 94,158 |
3.75%, 05/15/27 (a) | 150,000 | 142,503 |
WEC Energy Group, Inc. | ||
0.80%, 03/15/24 (a) | 200,000 | 190,624 |
5.15%, 10/01/27 (a) | 150,000 | 149,190 |
1.38%, 10/15/27 (a) | 150,000 | 127,206 |
Xcel Energy, Inc. | ||
3.35%, 12/01/26 (a) | 150,000 | 140,670 |
1.75%, 03/15/27 (a) | 100,000 | 87,908 |
19,848,535 | ||
Natural Gas 0.1% | ||
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 350,000 | 315,791 |
3.49%, 05/15/27 (a) | 225,000 | 210,740 |
ONE Gas, Inc. | ||
1.10%, 03/11/24 (a) | 135,000 | 129,161 |
Sempra Energy | ||
3.30%, 04/01/25 (a) | 100,000 | 95,740 |
3.25%, 06/15/27 (a) | 200,000 | 184,226 |
4.13%, 04/01/52 (a)(b) | 200,000 | 169,836 |
Southern California Gas Co. | ||
3.15%, 09/15/24 (a) | 125,000 | 120,916 |
2.60%, 06/15/26 (a) | 150,000 | 138,729 |
2.95%, 04/15/27 (a) | 100,000 | 92,599 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 94,810 |
1,552,548 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Utility Other 0.0% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 150,000 | 144,650 |
2.95%, 09/01/27 (a) | 100,000 | 91,783 |
236,433 | ||
21,637,516 | ||
Total Corporates (Cost $459,414,424) | 427,669,749 | |
TREASURIES 64.0% OF NET ASSETS | ||
Bonds | ||
7.50%, 11/15/24 | 600,000 | 626,121 |
7.63%, 02/15/25 | 800,000 | 841,797 |
6.88%, 08/15/25 | 1,000,000 | 1,051,758 |
6.00%, 02/15/26 | 1,500,000 | 1,562,871 |
6.75%, 08/15/26 | 1,000,000 | 1,074,609 |
6.50%, 11/15/26 | 1,000,000 | 1,072,578 |
6.63%, 02/15/27 | 700,000 | 758,434 |
6.38%, 08/15/27 | 1,000,000 | 1,084,258 |
6.13%, 11/15/27 | 1,600,000 | 1,729,562 |
Notes | ||
0.25%, 03/15/24 | 1,400,000 | 1,331,313 |
2.13%, 03/31/24 | 9,750,000 | 9,440,742 |
2.25%, 03/31/24 | 10,500,000 | 10,181,309 |
0.38%, 04/15/24 | 9,000,000 | 8,538,223 |
2.00%, 04/30/24 | 5,800,000 | 5,596,094 |
2.25%, 04/30/24 | 7,150,000 | 6,919,859 |
2.50%, 04/30/24 | 9,500,000 | 9,218,154 |
0.25%, 05/15/24 | 9,500,000 | 8,963,027 |
2.50%, 05/15/24 | 11,000,000 | 10,665,059 |
2.00%, 05/31/24 | 6,550,000 | 6,304,887 |
2.50%, 05/31/24 | 9,000,000 | 8,716,289 |
0.25%, 06/15/24 | 10,000,000 | 9,399,219 |
1.75%, 06/30/24 | 6,200,000 | 5,936,258 |
2.00%, 06/30/24 | 5,685,000 | 5,457,933 |
3.00%, 06/30/24 | 9,000,000 | 8,757,949 |
0.38%, 07/15/24 | 9,100,000 | 8,536,582 |
1.75%, 07/31/24 | 6,300,000 | 6,014,900 |
2.13%, 07/31/24 | 4,200,000 | 4,032,000 |
3.00%, 07/31/24 | 7,400,000 | 7,191,297 |
0.38%, 08/15/24 | 9,800,000 | 9,161,086 |
2.38%, 08/15/24 | 11,000,000 | 10,587,500 |
1.25%, 08/31/24 | 5,400,000 | 5,105,742 |
1.88%, 08/31/24 | 4,800,000 | 4,581,000 |
3.25%, 08/31/24 | 7,300,000 | 7,112,510 |
0.38%, 09/15/24 | 9,500,000 | 8,854,853 |
1.50%, 09/30/24 | 2,900,000 | 2,747,637 |
2.13%, 09/30/24 | 4,310,000 | 4,125,057 |
4.25%, 09/30/24 | 7,000,000 | 6,921,523 |
0.63%, 10/15/24 | 12,000,000 | 11,194,922 |
1.50%, 10/31/24 | 5,850,000 | 5,529,964 |
2.25%, 10/31/24 | 4,600,000 | 4,401,984 |
4.38%, 10/31/24 | 13,800,000 | 13,671,164 |
0.75%, 11/15/24 | 4,700,000 | 4,379,996 |
2.25%, 11/15/24 | 11,000,000 | 10,523,477 |
1.50%, 11/30/24 | 6,850,000 | 6,461,477 |
2.13%, 11/30/24 | 4,100,000 | 3,910,375 |
4.50%, 11/30/24 | 10,000,000 | 9,927,930 |
1.00%, 12/15/24 | 10,500,000 | 9,802,119 |
1.75%, 12/31/24 | 6,600,000 | 6,242,156 |
2.25%, 12/31/24 | 5,000,000 | 4,771,289 |
4.25%, 12/31/24 | 8,500,000 | 8,405,039 |
1.13%, 01/15/25 | 10,550,000 | 9,852,093 |
1.38%, 01/31/25 | 5,250,000 | 4,922,080 |
2.50%, 01/31/25 | 5,600,000 | 5,364,406 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 01/31/25 | 8,000,000 | 7,896,562 |
1.50%, 02/15/25 | 9,500,000 | 8,914,785 |
2.00%, 02/15/25 | 10,000,000 | 9,480,078 |
1.13%, 02/28/25 | 4,700,000 | 4,374,029 |
2.75%, 02/28/25 | 4,600,000 | 4,422,559 |
4.63%, 02/28/25 | 12,500,000 | 12,460,449 |
1.75%, 03/15/25 | 8,800,000 | 8,282,313 |
0.50%, 03/31/25 | 5,988,600 | 5,489,160 |
2.63%, 03/31/25 | 2,200,000 | 2,108,219 |
2.63%, 04/15/25 | 8,700,000 | 8,326,852 |
0.38%, 04/30/25 | 7,400,000 | 6,742,672 |
2.88%, 04/30/25 | 4,200,000 | 4,039,875 |
2.13%, 05/15/25 | 9,600,000 | 9,082,875 |
2.75%, 05/15/25 | 8,000,000 | 7,670,000 |
0.25%, 05/31/25 | 6,050,000 | 5,480,922 |
2.88%, 05/31/25 | 4,400,000 | 4,229,328 |
2.88%, 06/15/25 | 7,400,000 | 7,112,383 |
0.25%, 06/30/25 | 6,900,000 | 6,238,301 |
2.75%, 06/30/25 | 900,000 | 862,102 |
3.00%, 07/15/25 | 7,300,000 | 7,029,102 |
0.25%, 07/31/25 | 7,500,000 | 6,757,617 |
2.88%, 07/31/25 | 2,705,000 | 2,597,751 |
2.00%, 08/15/25 | 8,500,000 | 7,987,676 |
3.13%, 08/15/25 | 6,000,000 | 5,792,578 |
0.25%, 08/31/25 | 4,600,000 | 4,131,914 |
2.75%, 08/31/25 | 2,750,000 | 2,629,795 |
3.50%, 09/15/25 | 3,000,000 | 2,921,367 |
0.25%, 09/30/25 | 2,800,000 | 2,510,375 |
3.00%, 09/30/25 | 2,400,000 | 2,307,375 |
4.25%, 10/15/25 | 13,400,000 | 13,287,984 |
0.25%, 10/31/25 | 5,565,000 | 4,970,675 |
3.00%, 10/31/25 | 3,100,000 | 2,978,059 |
2.25%, 11/15/25 | 7,500,000 | 7,062,891 |
4.50%, 11/15/25 | 7,950,000 | 7,937,578 |
0.38%, 11/30/25 | 5,341,600 | 4,772,803 |
2.88%, 11/30/25 | 3,800,000 | 3,638,797 |
4.00%, 12/15/25 | 5,600,000 | 5,525,406 |
0.38%, 12/31/25 | 10,050,000 | 8,967,270 |
2.63%, 12/31/25 | 3,500,000 | 3,328,555 |
3.88%, 01/15/26 | 7,000,000 | 6,880,508 |
0.38%, 01/31/26 | 11,200,000 | 9,951,375 |
2.63%, 01/31/26 | 3,973,000 | 3,773,419 |
1.63%, 02/15/26 | 10,000,000 | 9,212,891 |
4.00%, 02/15/26 | 7,700,000 | 7,593,824 |
0.50%, 02/28/26 | 11,500,000 | 10,226,465 |
2.50%, 02/28/26 | 4,300,000 | 4,064,844 |
0.75%, 03/31/26 | 4,550,000 | 4,072,072 |
2.25%, 03/31/26 | 4,900,000 | 4,593,559 |
0.75%, 04/30/26 | 10,600,000 | 9,450,977 |
2.38%, 04/30/26 | 4,000,000 | 3,759,063 |
1.63%, 05/15/26 | 9,500,000 | 8,705,859 |
0.75%, 05/31/26 | 11,000,000 | 9,781,836 |
2.13%, 05/31/26 | 4,600,000 | 4,281,594 |
0.88%, 06/30/26 | 9,500,000 | 8,468,359 |
1.88%, 06/30/26 | 4,350,000 | 4,014,404 |
0.63%, 07/31/26 | 10,500,000 | 9,251,484 |
1.88%, 07/31/26 | 4,650,000 | 4,282,359 |
1.50%, 08/15/26 | 10,000,000 | 9,077,344 |
0.75%, 08/31/26 | 11,000,000 | 9,709,219 |
1.38%, 08/31/26 | 4,200,000 | 3,792,797 |
0.88%, 09/30/26 | 10,700,000 | 9,466,574 |
1.63%, 09/30/26 | 2,900,000 | 2,639,000 |
1.13%, 10/31/26 | 10,500,000 | 9,354,844 |
1.63%, 10/31/26 | 4,500,000 | 4,086,562 |
2.00%, 11/15/26 | 9,700,000 | 8,922,484 |
1.25%, 11/30/26 | 11,000,000 | 9,826,094 |
1.63%, 11/30/26 | 4,300,000 | 3,900,738 |
1.25%, 12/31/26 | 11,000,000 | 9,808,906 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 12/31/26 | 4,500,000 | 4,097,812 |
1.50%, 01/31/27 | 14,100,000 | 12,672,926 |
2.25%, 02/15/27 | 8,600,000 | 7,959,703 |
1.13%, 02/28/27 | 2,900,000 | 2,567,633 |
1.88%, 02/28/27 | 10,000,000 | 9,108,203 |
0.63%, 03/31/27 | 5,500,000 | 4,753,633 |
2.50%, 03/31/27 | 9,800,000 | 9,140,414 |
0.50%, 04/30/27 | 6,850,000 | 5,874,678 |
2.75%, 04/30/27 | 9,800,000 | 9,223,867 |
2.38%, 05/15/27 | 10,750,000 | 9,963,486 |
0.50%, 05/31/27 | 6,000,000 | 5,127,891 |
2.63%, 05/31/27 | 9,000,000 | 8,423,086 |
0.50%, 06/30/27 | 7,400,000 | 6,308,211 |
3.25%, 06/30/27 | 8,700,000 | 8,348,941 |
0.38%, 07/31/27 | 8,300,000 | 7,018,687 |
2.75%, 07/31/27 | 8,550,000 | 8,032,992 |
2.25%, 08/15/27 | 7,800,000 | 7,171,125 |
0.50%, 08/31/27 | 7,400,000 | 6,276,992 |
3.13%, 08/31/27 | 8,300,000 | 7,921,637 |
0.38%, 09/30/27 | 9,000,000 | 7,570,195 |
4.13%, 09/30/27 | 8,100,000 | 8,058,234 |
0.50%, 10/31/27 | 8,700,000 | 7,341,984 |
4.13%, 10/31/27 | 9,900,000 | 9,850,887 |
2.25%, 11/15/27 | 8,000,000 | 7,331,250 |
0.63%, 11/30/27 | 9,200,000 | 7,795,922 |
3.88%, 11/30/27 | 10,100,000 | 9,956,391 |
0.63%, 12/31/27 | 11,000,000 | 9,300,586 |
3.88%, 12/31/27 | 14,600,000 | 14,387,844 |
0.75%, 01/31/28 | 13,000,000 | 11,034,766 |
3.50%, 01/31/28 | 8,000,000 | 7,757,500 |
2.75%, 02/15/28 | 11,000,000 | 10,291,875 |
Total Treasuries (Cost $1,046,176,931) | 1,013,528,298 | |
GOVERNMENT RELATED 8.5% OF NET ASSETS | ||
Agency 4.3% | ||
Foreign 1.7% | ||
Austria 0.1% | ||
Oesterreichische Kontrollbank AG | ||
1.50%, 02/12/25 | 200,000 | 187,276 |
0.38%, 09/17/25 | 500,000 | 448,530 |
0.50%, 02/02/26 | 500,000 | 443,555 |
1,079,361 | ||
Canada 0.0% | ||
Export Development Canada | ||
2.63%, 02/21/24 | 250,000 | 243,745 |
3.00%, 05/25/27 | 650,000 | 614,400 |
858,145 | ||
Germany 0.8% | ||
FMS Wertmanagement | ||
2.75%, 01/30/24 (j) | 250,000 | 244,563 |
Kreditanstalt Fuer Wiederaufbau | ||
2.63%, 02/28/24(j) | 950,000 | 925,974 |
0.25%, 03/08/24(j) | 1,100,000 | 1,045,484 |
1.63%, 05/10/24(j) | 350,000 | 335,391 |
1.38%, 08/05/24(j) | 850,000 | 806,437 |
0.50%, 09/20/24(j) | 350,000 | 326,305 |
2.50%, 11/20/24(j) | 1,850,000 | 1,773,650 |
1.25%, 01/31/25(j) | 750,000 | 700,448 |
0.38%, 07/18/25(j) | 1,500,000 | 1,356,135 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.63%, 01/22/26(j) | 1,600,000 | 1,430,768 |
1.00%, 10/01/26(j) | 1,000,000 | 886,500 |
3.00%, 05/20/27(j) | 1,150,000 | 1,089,498 |
Landwirtschaftliche Rentenbank | ||
2.00%, 01/13/25(j) | 250,000 | 237,080 |
0.50%, 05/27/25(j) | 500,000 | 454,465 |
2.38%, 06/10/25(j) | 450,000 | 426,191 |
0.88%, 03/30/26(j) | 500,000 | 447,190 |
1.75%, 07/27/26(j) | 400,000 | 365,024 |
2.50%, 11/15/27(j) | 200,000 | 184,456 |
13,035,559 | ||
Japan 0.3% | ||
Japan Bank for International Cooperation | ||
2.50%, 05/23/24 | 450,000 | 434,542 |
3.00%, 05/29/24 | 200,000 | 194,198 |
1.75%, 10/17/24 | 200,000 | 189,098 |
2.13%, 02/10/25 | 200,000 | 188,870 |
2.50%, 05/28/25 | 1,000,000 | 945,040 |
0.63%, 07/15/25 | 250,000 | 225,670 |
2.75%, 01/21/26 | 250,000 | 235,568 |
2.38%, 04/20/26 | 500,000 | 463,200 |
1.88%, 07/21/26 | 350,000 | 316,530 |
2.25%, 11/04/26 | 500,000 | 455,765 |
2.88%, 06/01/27 | 400,000 | 370,308 |
2.75%, 11/16/27 | 250,000 | 229,680 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 181,342 |
2.75%, 04/27/27 | 200,000 | 184,038 |
4,613,849 | ||
Norway 0.1% | ||
Equinor A.S.A. | ||
2.65%, 01/15/24 | 193,000 | 188,812 |
3.70%, 03/01/24 | 200,000 | 196,958 |
3.25%, 11/10/24 | 100,000 | 97,169 |
2.88%, 04/06/25(a) | 300,000 | 287,019 |
1.75%, 01/22/26(a) | 250,000 | 228,422 |
3.00%, 04/06/27(a) | 200,000 | 186,284 |
1,184,664 | ||
Republic of Korea 0.3% | ||
Export-Import Bank of Korea | ||
2.38%, 06/25/24 | 200,000 | 192,620 |
0.63%, 06/29/24 | 200,000 | 188,156 |
2.88%, 01/21/25 | 200,000 | 191,660 |
0.75%, 09/21/25 | 500,000 | 446,940 |
3.25%, 11/10/25 | 500,000 | 475,130 |
0.63%, 02/09/26 | 200,000 | 175,514 |
2.63%, 05/26/26 | 400,000 | 369,784 |
1.13%, 12/29/26 | 200,000 | 172,050 |
1.63%, 01/18/27 | 250,000 | 221,638 |
2.38%, 04/21/27 | 200,000 | 181,578 |
The Korea Development Bank | ||
3.75%, 01/22/24 | 450,000 | 444,064 |
0.40%, 03/09/24 | 200,000 | 190,410 |
0.40%, 06/19/24 | 500,000 | 469,545 |
2.00%, 02/24/25 | 250,000 | 234,898 |
3.38%, 09/16/25 | 250,000 | 239,052 |
0.80%, 07/19/26 | 200,000 | 172,984 |
1.38%, 04/25/27 | 400,000 | 348,120 |
4,714,143 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
0.38%, 03/11/24 | 300,000 | 285,108 |
0.38%, 07/30/24 | 300,000 | 280,173 |
0.63%, 10/07/24 | 300,000 | 279,126 |
0.63%, 05/14/25 | 225,000 | 204,694 |
0.50%, 08/26/25 | 350,000 | 314,527 |
2.25%, 03/22/27 | 250,000 | 228,268 |
1,591,896 | ||
27,077,617 | ||
U.S. 2.6% | ||
Fannie Mae | ||
1.75%, 07/02/24 | 500,000 | 478,395 |
1.63%, 10/15/24 | 2,700,000 | 2,560,950 |
1.63%, 01/07/25 | 1,500,000 | 1,414,065 |
0.63%, 04/22/25 | 2,500,000 | 2,289,775 |
0.50%, 06/17/25 | 1,500,000 | 1,363,290 |
0.38%, 08/25/25 | 2,000,000 | 1,799,160 |
0.50%, 11/07/25 | 3,000,000 | 2,693,190 |
1.88%, 09/24/26 | 1,000,000 | 917,090 |
Federal Farm Credit Banks Funding Corp. | ||
0.30%, 03/18/24 | 1,000,000 | 949,750 |
3.38%, 08/26/24 | 1,250,000 | 1,219,512 |
0.88%, 11/18/24 | 1,000,000 | 932,680 |
4.50%, 11/18/24 | 1,000,000 | 991,970 |
1.13%, 01/06/25 | 1,000,000 | 933,330 |
1.75%, 02/14/25 | 2,000,000 | 1,884,600 |
2.51%, 04/01/25 | 1,000,000 | 953,330 |
Federal Home Loan Bank | ||
4.75%, 03/08/24 | 1,000,000 | 994,790 |
4.88%, 06/14/24 | 1,000,000 | 996,110 |
3.00%, 07/08/24 | 1,000,000 | 972,640 |
1.50%, 08/15/24 | 200,000 | 190,432 |
4.88%, 09/13/24 | 1,000,000 | 994,790 |
4.50%, 10/03/24 | 2,000,000 | 1,984,180 |
1.00%, 12/20/24 | 1,000,000 | 934,160 |
0.50%, 04/14/25 | 3,000,000 | 2,746,770 |
0.50%, 06/13/25 | 500,000 | 453,830 |
0.38%, 09/04/25 | 2,000,000 | 1,803,640 |
1.25%, 12/21/26 | 3,000,000 | 2,669,250 |
Freddie Mac | ||
1.50%, 02/12/25 | 2,700,000 | 2,532,519 |
0.38%, 07/21/25 | 1,000,000 | 902,910 |
0.38%, 09/23/25 | 2,000,000 | 1,798,660 |
41,355,768 | ||
68,433,385 | ||
Local Authority 0.6% | ||
Foreign 0.5% | ||
Canada 0.5% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 300,000 | 310,269 |
Province of Alberta | ||
1.88%, 11/13/24 | 450,000 | 426,240 |
1.00%, 05/20/25 | 500,000 | 459,610 |
Province of British Columbia | ||
1.75%, 09/27/24 | 250,000 | 237,330 |
2.25%, 06/02/26 | 300,000 | 278,376 |
0.90%, 07/20/26 | 450,000 | 398,412 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Province of Manitoba | ||
2.60%, 04/16/24 | 250,000 | 242,595 |
3.05%, 05/14/24 | 200,000 | 194,760 |
2.13%, 06/22/26 | 100,000 | 92,147 |
Province of Ontario | ||
3.20%, 05/16/24 | 200,000 | 195,038 |
0.63%, 01/21/26 | 650,000 | 578,981 |
1.05%, 04/14/26 | 500,000 | 447,375 |
2.50%, 04/27/26 | 250,000 | 233,723 |
2.30%, 06/15/26 | 300,000 | 278,226 |
3.10%, 05/19/27 | 500,000 | 471,905 |
1.05%, 05/21/27 | 500,000 | 433,095 |
Province of Quebec | ||
7.13%, 02/09/24 | 100,000 | 101,537 |
2.50%, 04/09/24 | 250,000 | 242,452 |
2.88%, 10/16/24 | 500,000 | 482,505 |
1.50%, 02/11/25 | 450,000 | 421,357 |
0.60%, 07/23/25 | 650,000 | 589,199 |
2.50%, 04/20/26 | 500,000 | 468,660 |
Province of Saskatchewan Canada | ||
3.25%, 06/08/27 | 225,000 | 213,575 |
7,797,367 | ||
U.S. 0.1% | ||
Illinois | ||
4.95%, 06/01/23 | 34,091 | 34,029 |
Port Authority of New York & New Jersey | ||
1.09%, 07/01/23 | 300,000 | 296,141 |
State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 350,000 | 320,434 |
University of California | ||
0.88%, 05/15/25 (a) | 250,000 | 228,833 |
879,437 | ||
8,676,804 | ||
Sovereign 0.6% | ||
Canada 0.1% | ||
Canada Government International Bond | ||
1.63%, 01/22/25 | 600,000 | 565,872 |
2.88%, 04/28/25(c) | 750,000 | 721,027 |
0.75%, 05/19/26(c) | 675,000 | 601,567 |
1,888,466 | ||
Chile 0.0% | ||
Chile Government International Bond | ||
3.13%, 01/21/26 | 250,000 | 238,883 |
2.75%, 01/31/27(a) | 400,000 | 367,928 |
606,811 | ||
Hungary 0.0% | ||
Hungary Government International Bond | ||
5.38%, 03/25/24 | 400,000 | 399,628 |
Indonesia 0.0% | ||
Indonesia Government International Bond | ||
4.15%, 09/20/27 (a) | 200,000 | 193,442 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Italy 0.1% | ||
Republic of Italy Government International Bond | ||
0.88%, 05/06/24 | 250,000 | 235,268 |
2.38%, 10/17/24 | 550,000 | 520,663 |
1.25%, 02/17/26 | 750,000 | 658,507 |
1,414,438 | ||
Mexico 0.1% | ||
Mexico Government International Bond | ||
3.90%, 04/27/25(a)(c) | 200,000 | 196,418 |
4.13%, 01/21/26 | 500,000 | 488,005 |
4.15%, 03/28/27 | 500,000 | 485,250 |
1,169,673 | ||
Panama 0.1% | ||
Panama Government International Bond | ||
3.75%, 03/16/25(a) | 200,000 | 193,930 |
7.13%, 01/29/26 | 350,000 | 368,893 |
8.88%, 09/30/27 | 250,000 | 288,060 |
850,883 | ||
Peru 0.0% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 350,000 | 369,138 |
2.39%, 01/23/26(a) | 300,000 | 279,729 |
648,867 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.20%, 01/21/24 | 350,000 | 347,189 |
10.63%, 03/16/25 | 500,000 | 557,520 |
5.50%, 03/30/26 | 300,000 | 305,346 |
3.23%, 03/29/27 | 200,000 | 187,768 |
1,397,823 | ||
Poland 0.1% | ||
Republic of Poland Government International Bond | ||
4.00%, 01/22/24 | 600,000 | 593,232 |
3.25%, 04/06/26 | 300,000 | 285,270 |
878,502 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
2.00%, 06/19/24 | 200,000 | 192,144 |
Uruguay 0.0% | ||
Uruguay Government International Bond | ||
4.50%, 08/14/24 (c) | 200,000 | 199,772 |
9,840,449 | ||
Supranational* 3.0% | ||
African Development Bank | ||
0.88%, 03/23/26 | 500,000 | 447,040 |
0.88%, 07/22/26 | 600,000 | 530,484 |
4.38%, 11/03/27 | 500,000 | 500,125 |
Arab Petroleum Investments Corp. | ||
1.48%, 10/06/26 (d) | 500,000 | 445,070 |
Asian Development Bank | ||
2.63%, 01/30/24 | 600,000 | 585,918 |
0.38%, 06/11/24 | 1,000,000 | 941,060 |
0.63%, 10/08/24 | 500,000 | 466,345 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.50%, 10/18/24 | 900,000 | 850,518 |
2.00%, 01/22/25 | 450,000 | 426,632 |
0.63%, 04/29/25 | 1,250,000 | 1,143,850 |
0.38%, 09/03/25 | 1,000,000 | 899,440 |
0.50%, 02/04/26 | 1,000,000 | 889,040 |
1.00%, 04/14/26 | 1,250,000 | 1,122,100 |
2.00%, 04/24/26 | 500,000 | 462,870 |
1.75%, 08/14/26 | 250,000 | 228,538 |
1.50%, 01/20/27 | 750,000 | 672,090 |
3.13%, 08/20/27 | 1,000,000 | 950,950 |
Corp. Andina de Fomento | ||
1.25%, 10/26/24 | 250,000 | 232,518 |
1.63%, 09/23/25 | 200,000 | 182,210 |
Council of Europe Development Bank | ||
2.50%, 02/27/24 | 400,000 | 389,252 |
1.38%, 02/27/25 | 150,000 | 140,096 |
0.88%, 09/22/26 | 250,000 | 219,888 |
European Bank for Reconstruction & Development | ||
1.63%, 09/27/24 | 150,000 | 142,359 |
1.50%, 02/13/25 | 150,000 | 140,685 |
0.50%, 05/19/25 | 600,000 | 546,132 |
0.50%, 11/25/25 | 300,000 | 268,497 |
0.50%, 01/28/26 | 600,000 | 533,826 |
European Investment Bank | ||
3.25%, 01/29/24 | 1,000,000 | 982,430 |
2.63%, 03/15/24 | 700,000 | 681,534 |
2.25%, 06/24/24 | 600,000 | 578,292 |
2.50%, 10/15/24 | 200,000 | 192,354 |
1.88%, 02/10/25 | 950,000 | 897,807 |
1.63%, 03/14/25 | 800,000 | 750,936 |
0.63%, 07/25/25 | 750,000 | 682,147 |
0.38%, 12/15/25 | 750,000 | 668,527 |
0.38%, 03/26/26 | 1,500,000 | 1,323,375 |
1.38%, 03/15/27 | 750,000 | 668,055 |
2.38%, 05/24/27 | 750,000 | 693,292 |
3.25%, 11/15/27 | 800,000 | 765,856 |
Inter-American Development Bank | ||
2.63%, 01/16/24 | 600,000 | 586,608 |
3.00%, 02/21/24 | 600,000 | 587,238 |
0.50%, 09/23/24 | 250,000 | 232,933 |
2.13%, 01/15/25 | 900,000 | 855,963 |
1.75%, 03/14/25 | 400,000 | 376,116 |
0.88%, 04/03/25 | 150,000 | 138,341 |
0.63%, 07/15/25 | 1,100,000 | 1,000,736 |
0.88%, 04/20/26 | 1,150,000 | 1,027,525 |
2.00%, 06/02/26 | 750,000 | 690,982 |
2.00%, 07/23/26 | 400,000 | 367,988 |
1.50%, 01/13/27 | 850,000 | 761,557 |
2.38%, 07/07/27 | 600,000 | 553,758 |
Inter-American Investment Corp. | ||
2.63%, 04/22/25 | 250,000 | 238,158 |
International Bank for Reconstruction & Development | ||
2.50%, 03/19/24 | 550,000 | 534,792 |
1.50%, 08/28/24 | 550,000 | 522,010 |
2.50%, 11/25/24 | 800,000 | 767,440 |
1.63%, 01/15/25 | 800,000 | 753,896 |
2.13%, 03/03/25 | 100,000 | 94,903 |
0.75%, 03/11/25 | 950,000 | 875,976 |
0.63%, 04/22/25 | 1,700,000 | 1,557,013 |
0.38%, 07/28/25 | 1,050,000 | 948,412 |
2.50%, 07/29/25 | 1,000,000 | 951,100 |
0.50%, 10/28/25 | 1,100,000 | 987,833 |
0.88%, 07/15/26 | 500,000 | 443,990 |
1.88%, 10/27/26 | 500,000 | 456,785 |
3.13%, 06/15/27 | 900,000 | 856,323 |
0.75%, 11/24/27 | 1,000,000 | 848,970 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
International Finance Corp. | ||
1.38%, 10/16/24 | 450,000 | 424,643 |
0.38%, 07/16/25 | 450,000 | 407,255 |
2.13%, 04/07/26 | 250,000 | 232,575 |
0.75%, 10/08/26 | 600,000 | 526,014 |
Nordic Investment Bank | ||
2.25%, 05/21/24 | 400,000 | 386,020 |
2.63%, 04/04/25 | 300,000 | 286,980 |
0.38%, 09/11/25 | 400,000 | 359,320 |
0.50%, 01/21/26 | 250,000 | 222,560 |
The Asian Infrastructure Investment Bank | ||
2.25%, 05/16/24 | 600,000 | 578,742 |
0.50%, 10/30/24 | 650,000 | 602,504 |
0.50%, 05/28/25 | 500,000 | 453,290 |
0.50%, 01/27/26 | 850,000 | 751,859 |
46,491,246 | ||
Total Government Related (Cost $143,382,550) | 133,441,884 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.3% OF NET ASSETS | ||
Money Market Funds 0.3% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.43% (k) | 3,233,957 | 3,233,957 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.43% (k)(l) | 1,645,028 | 1,645,028 |
4,878,985 | ||
Total Short-Term Investments (Cost $4,878,985) | 4,878,985 | |
Total Investments in Securities (Cost $1,653,852,890) | 1,579,518,916 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(c) | All or a portion of this security is on loan. Securities on loan were valued at $1,601,511. |
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $5,131,033 or 0.3% of net assets. |
(e) | Subsequent to the period ended February 28, 2023, the issuer was placed into receivership with the Federal Deposit Insurance Corp. due to inadequate liquidity and insolvency on March 12, 2023. The security was subsequently sold. |
(f) | Subsequent to the period ended February 28, 2023, the Silicon Valley Bank, N.A. was placed into receivership with the Federal Deposit Insurance Corp. due to inadequate liquidity and insolvency on March 10, 2023, and, subsequently on March 17, 2023, SVB Financial Group, the parent of Silicon Valley Bank, filed for bankruptcy. The security was subsequently sold. |
(g) | Issuer is affiliated with the fund’s investment adviser. |
(h) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(i) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(j) | Guaranteed by the Republic of Germany. |
(k) | The rate shown is the annualized 7-day yield. |
(l) | Security purchased with cash collateral received for securities on loan. |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 8/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 2/28/23 | FACE AMOUNT AT 2/28/23 | INTEREST INCOME EARNED |
CORPORATES 0.1% OF NET ASSETS | |||||||||
Financial Institutions 0.1% | |||||||||
Brokerage/Asset Managers/Exchanges 0.1% | |||||||||
The Charles Schwab Corp. | |||||||||
3.55%, 02/01/24 | $99,826 | $— | ($98,220) | ($4,660) | $3,469 | ($415) | $— | $— | $602 |
0.75%, 03/18/24 | 287,241 | — | (47,402) | (2,800) | 1,890 | (344) | 238,585 | 250,000 | 1,021 |
3.75%, 04/01/24 | 49,968 | — | — | — | (194) | (649) | 49,125 | 50,000 | 937 |
3.00%, 03/10/25 | 48,960 | — | — | — | (484) | (580) | 47,896 | 50,000 | 750 |
4.20%, 03/24/25 | 100,495 | — | — | — | (1,472) | (660) | 98,363 | 100,000 | 2,100 |
3.63%, 04/01/25 | 49,456 | — | — | — | (393) | (590) | 48,473 | 50,000 | 906 |
SECURITY RATE, MATURITY DATE | VALUE AT 8/31/22 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 2/28/23 | FACE AMOUNT AT 2/28/23 | INTEREST INCOME EARNED |
3.85%, 05/21/25 | $150,279 | $— | ($48,954) | ($4,422) | $2,079 | ($1,750) | $97,232 | $100,000 | $2,353 |
3.45%, 02/13/26 | 49,390 | — | — | — | (932) | (579) | 47,879 | 50,000 | 862 |
0.90%, 03/11/26 | 225,080 | — | (44,252) | (5,429) | 902 | 211 | 176,512 | 200,000 | 1,000 |
1.15%, 05/13/26 | 180,542 | — | (44,205) | (5,869) | 2,181 | (31) | 132,618 | 150,000 | 990 |
3.20%, 03/02/27 | 96,891 | — | — | — | (3,347) | 199 | 93,743 | 100,000 | 1,600 |
2.45%, 03/03/27 | 280,056 | — | (45,690) | (2,210) | (6,665) | 1,451 | 226,942 | 250,000 | 3,335 |
3.30%, 04/01/27 | 145,666 | — | (47,277) | (2,331) | (1,978) | 100 | 94,180 | 100,000 | 2,017 |
Total | $1,763,850 | $— | ($376,000) | ($27,721) | ($4,944) | ($3,637) | $1,351,548 | $18,473 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $427,669,749 | $— | $427,669,749 |
Treasuries1 | — | 1,013,528,298 | — | 1,013,528,298 |
Government Related1 | — | 133,441,884 | — | 133,441,884 |
Short-Term Investments1 | 4,878,985 | — | — | 4,878,985 |
Total | $4,878,985 | $1,574,639,931 | $— | $1,579,518,916 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,453,221) | $1,351,548 | |
Investments in securities, at value - unaffiliated (cost $1,652,399,669) including securities on loan of $1,601,511 | 1,578,167,368 | |
Receivables: | ||
Investments sold | 52,148,816 | |
Interest | 8,995,338 | |
Fund shares sold | 2,145,952 | |
Dividends | 5,398 | |
Foreign tax reclaims | 2,446 | |
Income from securities on loan | + | 899 |
Total assets | 1,642,817,765 | |
Liabilities | ||
Collateral held for securities on loan | 1,645,028 | |
Payables: | ||
Investments bought | 54,770,271 | |
Fund shares redeemed | 1,596,699 | |
Distributions to shareholders | 1,416,980 | |
Investment adviser fees | + | 73,241 |
Total liabilities | 59,502,219 | |
Net assets | $1,583,315,546 | |
Net Assets by Source | ||
Capital received from investors | $1,749,053,365 | |
Total distributable loss | + | (165,737,819) |
Net assets | $1,583,315,546 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$1,583,315,546 | 168,841,085 | $9.38 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated (net of foreign withholding tax of $521) | $18,995,960 | |
Dividends received from securities - unaffiliated | 33,051 | |
Interest received from securities - affiliated | 14,836 | |
Securities on loan, net | + | 7,941 |
Total investment income | 19,051,788 | |
Expenses | ||
Investment adviser fees | 500,813 | |
Proxy fees1 | + | 2,443 |
Total expenses | – | 503,256 |
Net investment income | 18,548,532 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (27,721) | |
Net realized losses on sales of securities - unaffiliated | + | (61,970,566) |
Net realized losses | (61,998,287) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (4,944) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 29,729,393 |
Net change in unrealized appreciation (depreciation) | + | 29,724,449 |
Net realized and unrealized losses | (32,273,838) | |
Decrease in net assets resulting from operations | ($13,725,306) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income | $18,548,532 | $22,430,002 | |
Net realized losses | (61,998,287) | (27,845,068) | |
Net change in unrealized appreciation (depreciation) | + | 29,724,449 | (123,026,533) |
Decrease in net assets from operations | ($13,725,306) | ($128,441,599) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($18,539,283) | ($29,083,571) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 32,276,514 | $304,075,390 | 97,602,779 | $965,900,940 | |
Shares reinvested | 1,156,648 | 10,884,803 | 1,835,806 | 18,212,156 | |
Shares redeemed | + | (61,613,626) | (580,370,372) | (119,025,853) | (1,173,346,028) |
Net transactions in fund shares | (28,180,464) | ($265,410,179) | (19,587,268) | ($189,232,932) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 197,021,549 | $1,880,990,314 | 216,608,817 | $2,227,748,416 | |
Total decrease | + | (28,180,464) | (297,674,768) | (19,587,268) | (346,758,102) |
End of period | 168,841,085 | $1,583,315,546 | 197,021,549 | $1,880,990,314 |
SCHWAB INVESTMENTS (ORGANIZED OCTOBER 26, 1990) | |
Schwab Treasury Inflation Protected Securities Index Fund | Schwab California Tax-Free Bond Fund |
Schwab U.S. Aggregate Bond Index Fund | Schwab Opportunistic Municipal Bond Fund |
Schwab Short-Term Bond Index Fund | Schwab 1000 Index® Fund |
Schwab Tax-Free Bond Fund | Schwab Global Real Estate Fund |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
SCHWAB TREASURY INFLATION PROTECTED SECURITIES INDEX FUND | SCHWAB U.S. AGGREGATE BOND INDEX FUND | SCHWAB SHORT-TERM BOND INDEX FUND |
0.05% | 0.04% | 0.06% |
UNDERLYING FUNDS | |||
SCHWAB TREASURY INFLATION PROTECTED SECURITIES INDEX FUND | SCHWAB U.S. AGGREGATE BOND INDEX FUND | SCHWAB SHORT-TERM BOND INDEX FUND | |
Schwab Balanced Fund | —% | 5.3% | —% |
Schwab MarketTrack Balanced Portfolio | —% | 4.4% | 0.3% |
Schwab MarketTrack Conservative Portfolio | —% | 2.9% | 0.1% |
Schwab MarketTrack Growth Portfolio | —% | 3.1% | —% |
Schwab Monthly Income Fund - Flexible Payout | —% | 0.3% | —% |
Schwab Monthly Income Fund - Income Payout | —% | 0.4% | —% |
Schwab Monthly Income Fund - Target Payout | —% | 0.2% | —% |
Schwab Target 2010 Fund | 0.1% | 0.3% | 0.2% |
Schwab Target 2015 Fund | 0.1% | 0.3% | 0.3% |
Schwab Target 2020 Fund | 0.9% | 2.0% | 1.7% |
Schwab Target 2025 Fund | 0.8% | 2.2% | 1.9% |
Schwab Target 2030 Fund | 0.5% | 2.8% | 2.4% |
Schwab Target 2035 Fund | —% | 1.1% | 0.9% |
Schwab Target 2040 Fund | —% | 1.5% | 1.2% |
Schwab Target 2045 Fund | —% | 0.2% | 0.2% |
Schwab Target 2050 Fund | —% | 0.1% | 0.1% |
Schwab Target 2055 Fund | —% | 0.1% | 0.1% |
Schwab Target 2060 Fund | —% | 0.0%* | 0.0%* |
Schwab Target 2065 Fund | —% | 0.0%* | 0.0%* |
* | Less than 0.05% |
5. Board of Trustees:
6. Borrowing from Banks:
7. Purchases and Sales/Maturities of Investment Securities:
PURCHASES OF LONG-TERM U.S. GOVERNMENT SECURITIES* | PURCHASES OF OTHER LONG-TERM SECURITIES | TOTAL PURCHASES OF LONG-TERM SECURITIES | |
Schwab Treasury Inflation Protected Securities Index Fund | $712,054,300 | $— | $712,054,300 |
Schwab U.S. Aggregate Bond Index Fund | 1,647,359,397 | 114,905,232 | 1,762,264,629 |
Schwab Short-Term Bond Index Fund | 876,701,875 | 47,993,533 | 924,695,408 |
SALES/MATURITIES OF LONG-TERM U.S. GOVERNMENT SECURITIES* | SALES/MATURITIES OF OTHER LONG-TERM SECURITIES | TOTAL SALES/MATURITIES OF LONG-TERM SECURITIES | |
Schwab Treasury Inflation Protected Securities Index Fund | $783,721,846 | $— | $783,721,846 |
Schwab U.S. Aggregate Bond Index Fund | 1,623,377,923 | 107,917,363 | 1,731,295,286 |
Schwab Short-Term Bond Index Fund | 1,068,801,848 | 119,946,442 | 1,188,748,290 |
8. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Treasury Inflation Protected Securities Index Fund | $2,855,934,578 | $- | ($304,128,396) | ($304,128,396) |
Schwab U.S. Aggregate Bond Index Fund | 4,938,565,320 | - | (555,237,431) | (555,237,431) |
Schwab Short-Term Bond Index Fund | 1,658,862,567 | 190,983 | (79,534,634) | (79,343,651) |
PRIOR FISCAL YEAR END DISTRIBUTIONS | ||
ORDINARY INCOME | LONG-TERM CAPITAL GAINS | |
Schwab Treasury Inflation Protected Securities Index Fund | $155,458,497 | $3,460,987 |
Schwab U.S. Aggregate Bond Index Fund | 110,844,252 | — |
Schwab Short-Term Bond Index Fund | 22,648,972 | 6,434,599 |
9. Subsequent Events:
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Michael J. Beer 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 105 | Director (2016 – 2019), Principal Funds, Inc. |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor. | 105 | None |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. | 105 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 105 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 105 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 105 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 105 | None |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 105 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 105 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Apr. 2019 – present), President (Nov. 2018 – present) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
Mark Fischer 1970 Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc. |
Omar Aguilar 1970 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Vice President (Mar. 2022 – present) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Brett Wander 1961 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Senior Vice President and Chief Investment Officer (Jan. 2020 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
Schwab Funds
Member SIPC®
Printed on recycled paper.
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Total Returns for the 6 Months Ended February 28, 2023 | |
Schwab Tax-Free Bond Fund (Ticker Symbol: SWNTX) | 0.67% |
Bloomberg Municipal 3-15 Year Blend Index | 0.91% |
Fund Category: Morningstar Muni National Intermediate* | 0.48% |
Performance Details | page 4 |
Schwab California Tax-Free Bond Fund (Ticker Symbol: SWCAX) | 0.50% |
Bloomberg California Municipal 3-15 Year Blend Index | 0.90% |
S&P California AMT-Free Municipal Bond Index | 0.78% |
Fund Category: Morningstar Muni California Intermediate* | 0.57% |
Performance Details | page 5 |
Schwab Opportunistic Municipal Bond Fund (Ticker Symbol: SWHYX) | -0.69% |
Bloomberg Municipal Bond Index | 0.66% |
Fund Category: Morningstar Muni National Long* | 0.05% |
Performance Details | page 6 |
Jason D. Diefenthaler, Head of Tax-Exempt Strategies for Schwab Asset Management, is responsible for developing, managing, and implementing Schwab Asset Management’s tax-exempt fixed income investment strategies, including separately managed accounts, actively managed mutual funds, and exchange-traded funds (ETFs). Previously, Mr. Diefenthaler led the portfolio management team for the Wasmer Schroder Municipal Bond Strategies and was responsible for day-to-day co-management of several tax-exempt Schwab Funds. Prior to that, he was the director of tax-exempt portfolio management at Wasmer Schroeder & Company, LLC (Schwab Asset Management became the investment adviser for Wasmer Schroeder Strategies in 2020). He oversaw all tax-exempt strategies and the management of the Wasmer Schroeder High Yield Municipal Fund, which subsequently reorganized into the Schwab Opportunistic Municipal Bond Fund. Mr. Diefenthaler began his career with Wasmer Schroeder in 2000. He was a credit analyst for taxable and tax-exempt strategies before becoming a portfolio manager. |
Kenneth Salinger, CFA, Head of Municipal Bond Funds for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Previously, Mr. Salinger served as Co-Head for the Schwab Municipal Bond Funds. Prior to joining Schwab in 2008, he was a senior portfolio manager at Wells Capital Management, on a team that managed municipal bond assets. He worked at American Century Investments from 1992 to 2006, where he was a vice president and senior portfolio manager, responsible for daily management of several national and state-specific municipal bond funds. Mr. Salinger has worked in fixed-income asset management since 1994. |
James Cortez, CFA, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Mr. Cortez joined the firm in 2006 as a director on Schwab Asset Management’s municipal research team, responsible for conducting credit research for municipal fixed-income funds and money market funds with a focus on healthcare and higher education credits. Prior to joining Schwab, Mr. Cortez was an associate director in Standard & Poor’s healthcare group. |
John Khodarahmi, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the funds. Prior to joining Schwab in 2015, Mr. Khodarahmi was a vice president and senior municipal trader at Eaton Vance Management for the firm’s tax-free bond funds. Previous to Eaton Vance, he was a vice president and portfolio manager at both Banc of America Montgomery Securities and Thomas Weisel Partners, managing corporate cash and high net worth portfolios. Prior to those roles, Mr. Khodarahmi was a municipal trader and underwriter for Fleet Securities, Inc. (now part of Bank of America). |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Tax-Free Bond Fund (9/11/92) | 0.67% | -4.44% | 1.20% | 1.58% |
Bloomberg Municipal 3-15 Year Blend Index | 0.91% | -3.07% | 1.88% | 2.08% |
Fund Category: Morningstar Muni National Intermediate 3 | 0.48% | -4.87% | 1.33% | 1.58% |
Fund Expense Ratios4: Net 0.38%; Gross 0.40% |
30-Day SEC Yield1,2 | 3.08% |
30-Day SEC Yield-No Waiver1,5 | 3.06% |
Taxable Equivalent Yield6 | 5.20% |
12-Month Distribution Yield1,2 | 2.50% |
Weighted Average Maturity7 | 6.1 Yrs |
Weighted Average Duration7 | 6.1 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | 10 Years |
Fund: Schwab California Tax-Free Bond Fund (2/24/92) | 0.50% | -4.40% | 1.08% | 1.66% |
Bloomberg California Municipal 3-15 Year Blend Index 3 | 0.90% | -2.83% | 1.69% | N/A4 |
S&P California AMT-Free Municipal Bond Index | 0.78% | -4.45% | 1.54% | 2.16% |
Fund Category: Morningstar Muni California Intermediate 5 | 0.57% | -3.79% | 1.16% | 1.50% |
Fund Expense Ratios6: Net 0.38%; Gross 0.41% |
30-Day SEC Yield1,2 | 2.80% |
30-Day SEC Yield-No Waiver1,7 | 2.77% |
Taxable Equivalent Yield8 | 6.09% |
12-Month Distribution Yield1,2 | 2.23% |
Weighted Average Maturity9 | 5.5 Yrs |
Weighted Average Duration9 | 4.9 Yrs |
Fund and Inception Date | 6 months | 1 Year | 5 Years | Since Inception |
Fund: Schwab Opportunistic Municipal Bond Fund (3/31/14)4 | -0.69% | -9.73% | 0.21% | 2.84% |
Bloomberg Municipal Bond Index | 0.66% | -5.10% | 1.66% | 2.38% |
Fund Category: Morningstar Muni National Long 5 | 0.05% | -7.67% | 1.21% | N/A |
Fund Expense Ratios6: Net 0.50%; Gross 0.55% |
30-Day SEC Yield1,2 | 4.78% |
30-Day SEC Yield-No Waiver1,7 | 4.59% |
Taxable Equivalent Yield8 | 8.08% |
12-Month Distribution Yield1,2 | 3.48% |
Weighted Average Maturity9 | 9.8 Yrs |
Weighted Average Duration9 | 8.7 Yrs |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 9/1/22 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 2/28/23 | EXPENSES PAID DURING PERIOD 9/1/22-2/28/23 2 | |
Schwab Tax-Free Bond Fund | ||||
Actual Return | 0.38% | $1,000.00 | $1,006.70 | $1.89 |
Hypothetical 5% Return | 0.38% | $1,000.00 | $1,022.91 | $1.91 |
Schwab California Tax-Free Bond Fund | ||||
Actual Return | 0.38% | $1,000.00 | $1,005.00 | $1.89 |
Hypothetical 5% Return | 0.38% | $1,000.00 | $1,022.91 | $1.91 |
Schwab Opportunistic Municipal Bond Fund | ||||
Actual Return | 0.50% | $1,000.00 | $993.10 | $2.47 |
Hypothetical 5% Return | 0.50% | $1,000.00 | $1,022.32 | $2.51 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days in the period, and divided by 365 days in the fiscal year. |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | 9/1/17– 8/31/18 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $10.93 | $12.22 | $12.13 | $12.12 | $11.52 | $11.82 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.15 | 0.22 | 0.21 | 0.26 | 0.28 | 0.27 |
Net realized and unrealized gains (losses) | (0.08) | (1.24) | 0.16 | 0.042 | 0.60 | (0.30) |
Total from investment operations | 0.07 | (1.02) | 0.37 | 0.30 | 0.88 | (0.03) |
Less distributions: | ||||||
Distributions from net investment income | (0.15) | (0.22) | (0.21) | (0.26) | (0.28) | (0.27) |
Distributions from net realized gains | — | (0.05) | (0.07) | (0.03) | — | — |
Total distributions | (0.15) | (0.27) | (0.28) | (0.29) | (0.28) | (0.27) |
Net asset value at end of period | $10.85 | $10.93 | $12.22 | $12.13 | $12.12 | $11.52 |
Total return | 0.67%3 | (8.48%) | 3.03% | 2.52% | 7.77% | (0.22%) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Net operating expenses | 0.38%4 | 0.48%5,6 | 0.49% | 0.49% | 0.49% | 0.49% |
Gross operating expenses | 0.42%4 | 0.53%6 | 0.55% | 0.55% | 0.56% | 0.57% |
Net investment income (loss) | 2.83%4 | 1.88% | 1.72% | 2.14% | 2.41% | 2.35% |
Portfolio turnover rate | 43%3 | 87% | 53% | 99% | 129% | 82% |
Net assets, end of period (x 1,000) | $587,443 | $542,993 | $801,234 | $757,844 | $751,353 | $650,020 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022 is a blended ratio. |
6 | Ratio includes less than 0.005% of non-routine proxy expenses. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 99.4% OF NET ASSETS | ||||
ALABAMA 2.2% | ||||
Black Belt Energy Gas District | ||||
Gas Supply RB Series 2022D1 | 4.00% | 07/01/52 (a)(b) | 4,000,000 | 3,999,182 |
RB Series 2022C1 | 5.25% | 12/01/23 (a) | 525,000 | 528,799 |
RB Series 2022C1 | 5.25% | 06/01/24 (a) | 380,000 | 384,282 |
RB Series 2022C1 | 5.25% | 06/01/25 (a) | 1,175,000 | 1,197,508 |
Southeast Energy Auth | ||||
Commodity Supply RB Series 2021B1 | 4.00% | 06/01/30 (b) | 2,000,000 | 1,990,939 |
RB Series 2022A1 | 5.50% | 01/01/53 (a)(b) | 2,000,000 | 2,144,660 |
Univ of Montevallo | ||||
RB Series 2017 | 5.00% | 05/01/26 | 200,000 | 211,103 |
RB Series 2017 | 5.00% | 05/01/27 | 250,000 | 268,980 |
RB Series 2017 | 5.00% | 05/01/42 (b) | 2,150,000 | 2,278,222 |
13,003,675 | ||||
ARIZONA 2.2% | ||||
Arizona Health Facilities Auth | ||||
RB (Banner Health) Series 2015C | 2.45% | 01/01/46 (a)(b)(c) | 1,600,000 | 1,600,000 |
RB (Phoenix Childrens Hospital) Series 2013B | 5.00% | 02/01/43 (b) | 1,000,000 | 1,000,193 |
Arizona IDA | ||||
RB Series 2021A | 4.00% | 11/01/30 | 500,000 | 505,928 |
RB Series 2021A | 4.00% | 11/01/31 | 1,270,000 | 1,282,936 |
Chandler Industrial Development Auth | ||||
IDRB (Intel Corp) Series 2022 | 5.00% | 09/01/42 (b) | 2,000,000 | 2,068,789 |
Salt River Project Agricultural Improvement & Power District | ||||
Electric System RB Series 2023A | 5.00% | 01/01/47 (b) | 5,000,000 | 5,476,332 |
Tucson | ||||
Refunding COP Series 2014 | 4.00% | 07/01/23 | 700,000 | 701,685 |
12,635,863 | ||||
ARKANSAS 0.8% | ||||
Bella Vista | ||||
Sales & Use Tax Bonds Series 2020 | 1.13% | 10/01/45 (b) | 1,310,000 | 1,272,560 |
Bentonville Sales & Use Tax | ||||
Sales & Use Tax Refunding RB Series 2021B | 1.05% | 11/01/46 (b) | 830,000 | 806,632 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Forrest City | ||||
Sales & Use Tax RB Series 2021 | 1.55% | 11/01/44 (b) | 855,000 | 740,220 |
Little Rock | ||||
Sewer Refunding RB Series 2015 | 3.00% | 04/01/23 | 735,000 | 734,790 |
Sewer Refunding RB Series 2015 | 3.00% | 04/01/24 | 560,000 | 555,697 |
Marion | ||||
Sales & Use Tax RB Series 2017 | 2.90% | 09/01/47 (b) | 5,000 | 5,000 |
Rogers | ||||
Sales & Use Tax Bonds Series 2018B | 3.25% | 11/01/43 (b) | 715,000 | 713,081 |
4,827,980 | ||||
CALIFORNIA 6.8% | ||||
Alameda Corridor Transportation Auth | ||||
Sr Lien Refunding RB Series 2022A | 0.00% | 10/01/49 (b)(d) | 1,500,000 | 733,204 |
Bay Area Toll Auth | ||||
Toll Bridge RB Series 2021C (SIFMA Municipal Swap Index + 0.45%) | 3.87% | 04/01/56 (b)(e) | 5,000,000 | 4,952,923 |
California Health Facilities Financing Auth | ||||
RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (b)(f) | 2,625,000 | 2,613,222 |
California Statewide Communities Development Auth | ||||
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/24 | 600,000 | 606,651 |
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/25 | 1,000,000 | 1,018,344 |
RB (Loma Linda Univ Medical Center) Series 2016A | 5.00% | 12/01/36 (b) | 1,500,000 | 1,506,378 |
RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (b) | 1,065,000 | 1,033,010 |
Fair Oaks Recreation & Park District | ||||
GO Bonds Series 2022 | 5.75% | 08/01/51 (a)(b) | 1,700,000 | 1,938,446 |
Hastings Campus Housing Financing Auth | ||||
Campus Housing RB Series 2020A | 5.00% | 07/01/45 (b) | 3,700,000 | 3,170,704 |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2001B6 | 1.55% | 07/01/34 (a)(b)(c) | 700,000 | 700,000 |
Lynwood USD | ||||
GO Bonds Series E | 0.00% | 08/01/42 (b)(g) | 1,380,000 | 550,042 |
Oakland USD | ||||
GO Bonds Series 2015A | 5.00% | 08/01/27 (b) | 1,295,000 | 1,359,759 |
Pasadena | ||||
Refunding COP Series 2015A | 5.00% | 02/01/29 (b) | 585,000 | 611,652 |
Pleasant Valley SD | ||||
GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 3,000,000 | 3,373,950 |
Rancho Cucamonga Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2014 | 5.00% | 09/01/26 (b) | 755,000 | 776,963 |
San Bruno Public Finance Auth | ||||
Lease RB Series 2019 | 5.00% | 05/01/30 (b) | 460,000 | 520,456 |
San Diego USD | ||||
GO Bonds Series 2010C | 0.00% | 07/01/31 (g) | 1,250,000 | 950,040 |
GO Bonds Series 2010C | 0.00% | 07/01/32 (g) | 1,500,000 | 1,093,902 |
GO Bonds Series 2010C | 0.00% | 07/01/33 (g) | 1,000,000 | 694,610 |
GO Bonds Series 2010C | 0.00% | 07/01/35 (g) | 1,300,000 | 812,614 |
San Francisco Airport Commission | ||||
RB 2nd Series 2019E | 5.00% | 05/01/39 (b) | 2,450,000 | 2,552,127 |
RB 2nd Series 2019E | 5.00% | 05/01/40 (b) | 425,000 | 441,043 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB 2nd Series 2022A | 5.00% | 05/01/30 | 800,000 | 871,581 |
RB 2nd Series 2022A | 5.00% | 05/01/31 | 1,695,000 | 1,865,176 |
San Francisco Public Utilities Commission | ||||
Water RB Series 2017A | 5.00% | 11/01/36 (b) | 2,685,000 | 2,747,895 |
Santa Cruz Cnty Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/23 | 375,000 | 378,166 |
Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/24 | 1,060,000 | 1,083,750 |
Stockton Public Financing Auth | ||||
Water Refunding RB Series 2018A | 5.00% | 10/01/23 | 300,000 | 303,257 |
Water Refunding RB Series 2018A | 5.00% | 10/01/24 | 300,000 | 308,329 |
Water Refunding RB Series 2018A | 5.00% | 10/01/25 | 500,000 | 523,101 |
40,091,295 | ||||
COLORADO 1.4% | ||||
Centennial Water & Sanitation District | ||||
Water & Wastewater RB Series 2019 | 5.00% | 12/01/34 (b) | 420,000 | 468,710 |
Water & Wastewater RB Series 2019 | 5.00% | 12/01/35 (b) | 500,000 | 554,032 |
Colorado Health Facilities Auth | ||||
RB (CommonSpirit Health) Series 2022A | 5.00% | 11/01/31 | 1,300,000 | 1,440,494 |
RB (CommonSpirit Health) Series 2022A | 5.00% | 11/01/32 | 1,500,000 | 1,669,169 |
Colorado Regional Transportation District | ||||
RB (Denver Transit Partners) Series 2020A | 5.00% | 07/15/30 | 300,000 | 323,112 |
RB (Denver Transit Partners) Series 2020A | 5.00% | 01/15/31 | 500,000 | 540,877 |
RB (Denver Transit Partners) Series 2020A | 4.00% | 07/15/34 (b) | 800,000 | 798,019 |
Denver | ||||
Airport System RB Series 2022A | 4.13% | 11/15/53 (b) | 500,000 | 458,138 |
Airport System RB Series 2022A | 5.50% | 11/15/53 (b) | 1,500,000 | 1,618,143 |
Dedicated Tax RB Series 2018A-2 | 0.00% | 08/01/31 (b)(g) | 380,000 | 274,168 |
8,144,862 | ||||
CONNECTICUT 1.2% | ||||
Connecticut | ||||
GO Bonds Series 2020C | 4.00% | 06/01/33 (b) | 475,000 | 504,181 |
Special Obligation Tax Bonds Series 2022A | 5.00% | 07/01/26 | 1,195,000 | 1,271,926 |
Special Obligation Tax Refunding Bonds Series 2022B | 5.00% | 07/01/26 | 2,250,000 | 2,394,841 |
Connecticut Health & Educational Facilities Auth | ||||
RB (Sacred Heart Univ) Series L | 5.00% | 07/01/31 | 525,000 | 587,338 |
RB (Sacred Heart Univ) Series L | 5.00% | 07/01/32 | 1,000,000 | 1,130,252 |
Univ of Connecticut | ||||
GO Bonds Series 2019A | 5.00% | 11/01/36 (a)(b) | 935,000 | 1,010,643 |
6,899,181 | ||||
DISTRICT OF COLUMBIA 0.5% | ||||
District of Columbia Water & Sewer Auth | ||||
Public Utility Sub Lien RB Series 2019C | 1.75% | 10/01/54 (b)(f) | 3,000,000 | 2,891,648 |
FLORIDA 6.3% | ||||
Broward Cnty SD | ||||
COP Series 2022B | 5.00% | 07/01/36 (b) | 2,000,000 | 2,270,657 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Florida Higher Educational Facilities Financing Auth | ||||
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/25 | 450,000 | 458,796 |
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/26 | 765,000 | 787,166 |
Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/27 | 685,000 | 711,198 |
Hollywood Community Redevelopment Agency | ||||
Refunding RB Series 2015 | 5.00% | 03/01/24 | 3,000,000 | 3,044,266 |
Jacksonville | ||||
Health Care Facilities Refunding RB (Baptist Health) Series 2017 | 5.00% | 08/15/34 (b) | 910,000 | 977,206 |
Lake Worth Beach | ||||
Consolidated Utility RB Series 2022 | 4.00% | 10/01/52 (b) | 1,000,000 | 913,731 |
Miami Beach Health Facilities Auth | ||||
Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/24 | 400,000 | 406,492 |
Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/25 (b) | 250,000 | 254,340 |
Miami-Dade Cnty | ||||
RB Series 2022 | 5.00% | 07/01/49 (b) | 6,080,000 | 6,543,568 |
Refunding RB Series 2020A | 4.00% | 10/01/37 (b) | 2,205,000 | 2,165,393 |
Miami-Dade Cnty Expressway Auth | ||||
Toll System RB Series 2014A | 4.00% | 07/01/23 | 1,730,000 | 1,731,884 |
Toll System RB Series 2014A | 5.00% | 07/01/24 | 625,000 | 636,089 |
Miami-Dade Cnty SD | ||||
GO Bonds Series 2022A | 5.00% | 03/15/52 (b) | 5,000,000 | 5,433,661 |
Pompano Beach | ||||
RB (John Knox Village) Series 2021A | 4.00% | 09/01/51 (b) | 2,000,000 | 1,474,368 |
Port St. Lucie | ||||
Utility System Refunding RB Series 2014 | 5.00% | 09/01/23 | 350,000 | 353,162 |
Seminole Cnty | ||||
Refunding RB Series 2022 | 5.00% | 10/01/52 (b) | 1,000,000 | 1,050,929 |
Tallahassee | ||||
Consolidated Utility Systems RB Series 2018 | 5.00% | 10/01/35 (b) | 1,495,000 | 1,554,648 |
Tampa | ||||
Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/35 (b)(g) | 1,550,000 | 921,532 |
Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/36 (b)(g) | 800,000 | 448,781 |
Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/37 (b)(g) | 855,000 | 454,270 |
Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/38 (b)(g) | 1,000,000 | 502,470 |
Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/49 (b)(g) | 1,200,000 | 316,660 |
Tampa Bay Water | ||||
Utility System RB Series 2022 | 5.25% | 10/01/47 (b) | 1,500,000 | 1,665,941 |
Utility System RB Series 2022 | 5.00% | 10/01/52 (b) | 1,625,000 | 1,754,026 |
36,831,234 | ||||
GEORGIA 1.9% | ||||
Atlanta | ||||
Airport PFC & Sub Lien RB Series 2022D | 5.00% | 07/01/36 (b) | 4,640,000 | 5,012,275 |
Main St Natural Gas Inc | ||||
Gas Supply RB Series 2018E (SIFMA Municipal Swap Index + 0.57%) | 3.99% | 08/01/48 (b)(e) | 5,000,000 | 4,986,461 |
Main Street Natural Gas | ||||
Gas Supply RB Series 2023B | 5.00% | 09/01/24 (a) | 550,000 | 556,865 |
Gas Supply RB Series 2023B | 5.00% | 03/01/25 (a) | 390,000 | 396,432 |
10,952,033 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
HAWAII 0.2% | ||||
Hawaii | ||||
Harbor System RB Series 2020A | 4.00% | 07/01/34 (b) | 750,000 | 754,843 |
Harbor System RB Series 2020A | 4.00% | 07/01/35 (b) | 500,000 | 498,512 |
1,253,355 | ||||
IDAHO 0.6% | ||||
Canyon Cnty SD #139 | ||||
GO Bonds Series 2019A | 5.00% | 09/15/26 (a) | 450,000 | 481,626 |
GO Bonds Series 2019A | 5.00% | 09/15/27 (a) | 400,000 | 437,251 |
GO Bonds Series 2019A | 5.00% | 09/15/28 (a) | 425,000 | 474,478 |
GO Bonds Series 2019A | 5.00% | 09/15/29 (a)(b) | 400,000 | 451,378 |
Jerome Jt SD #261 | ||||
GO Bonds Series 2022 | 5.25% | 09/15/42 (a)(b) | 500,000 | 556,312 |
Madison SD #321 | ||||
GO Bonds Series 2022B | 5.00% | 09/15/39 (a)(b) | 1,000,000 | 1,120,395 |
3,521,440 | ||||
ILLINOIS 6.5% | ||||
Bellwood Village | ||||
GO Refunding Bonds Series 2014 | 5.00% | 12/01/32 (b) | 1,705,000 | 1,755,004 |
GO Refunding Bonds Series 2016B | 5.00% | 12/01/28 (b) | 1,855,000 | 1,975,059 |
Chicago | ||||
GO Bonds Series 2019A | 5.50% | 01/01/35 (b) | 1,450,000 | 1,518,853 |
GO Bonds Series 2023A | 5.00% | 01/01/34 (b) | 1,000,000 | 1,039,740 |
GO Bonds Series 2023A | 5.50% | 01/01/39 (b) | 1,500,000 | 1,593,608 |
OHare General Airport Sr Lien Refunding RB Series 2012A | 5.00% | 01/01/33 (b) | 400,000 | 412,752 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/28 (b) | 1,750,000 | 1,804,791 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/29 (b) | 1,135,000 | 1,169,963 |
OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/29 (b) | 400,000 | 420,977 |
OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/31 (b) | 1,000,000 | 1,051,944 |
Chicago Housing Auth | ||||
GO Bonds Series 2018A | 5.00% | 01/01/27 | 1,000,000 | 1,061,933 |
GO Bonds Series 2018A | 5.00% | 01/01/28 | 1,000,000 | 1,081,212 |
Cook Cnty | ||||
GO Refunding Bonds Series 2022A | 5.00% | 11/15/29 | 2,100,000 | 2,337,279 |
Illinois | ||||
GO Bonds Series 2018 | 5.00% | 05/01/31 (b) | 1,000,000 | 1,046,198 |
GO Bonds Series 2020 | 5.38% | 05/01/23 | 500,000 | 501,163 |
GO Bonds Series 2020 | 5.50% | 05/01/24 | 1,000,000 | 1,018,223 |
GO Bonds Series 2020 | 5.50% | 05/01/25 | 1,500,000 | 1,549,838 |
GO Bonds Series 2021A | 5.00% | 03/01/46 (b) | 700,000 | 707,353 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/28 (b) | 1,500,000 | 1,561,397 |
GO Refunding Bonds Series 2018B | 5.00% | 10/01/33 (b) | 1,500,000 | 1,563,204 |
Illinois Finance Auth | ||||
Facilities RB (Univ of Illinois) Series 2019A | 5.00% | 10/01/44 (b) | 500,000 | 514,065 |
Facilities RB (Univ of Illinois) Series 2019A | 5.00% | 10/01/51 (b) | 150,000 | 153,105 |
RB (NorthShore Univ Health System) Series 2020B | 2.48% | 08/15/49 (a)(b)(c) | 700,000 | 700,000 |
RB (OSF Healthcare System) Series 2020B1 | 5.00% | 05/15/50 (b)(f) | 1,150,000 | 1,167,083 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/30 (b) | 900,000 | 930,864 |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/33 (b) | 960,000 | 987,192 |
RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/34 (b) | 1,330,000 | 1,363,154 |
Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/26 | 700,000 | 728,660 |
Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/30 (b) | 400,000 | 420,165 |
Kankakee River Metropolitan Agency | ||||
Sr Lien Sewage Treatment Facility Refunding RB Series 2016 | 5.00% | 05/01/26 | 1,305,000 | 1,379,872 |
Northern Illinois Univ | ||||
Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/29 (a) | 400,000 | 429,464 |
Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/30 (a) | 450,000 | 485,464 |
Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/31 (a)(b) | 500,000 | 538,240 |
Auxiliary Facilities Refunding RB Series 2020B | 4.00% | 04/01/35 (a)(b) | 1,050,000 | 1,045,789 |
Auxiliary Facilities Refunding RB Series 2020B | 4.00% | 04/01/37 (a)(b) | 600,000 | 582,078 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/26 (a) | 250,000 | 261,564 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/27 (a) | 325,000 | 344,111 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/28 (a) | 325,000 | 348,361 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/29 (a) | 300,000 | 323,855 |
Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/30 (a) | 325,000 | 352,251 |
38,225,828 | ||||
INDIANA 2.0% | ||||
Indiana Finance Auth | ||||
1st Lien Wastewater Utility Refunding RB (CWA Authority) Series 2022A | 5.00% | 10/01/35 (b) | 500,000 | 575,672 |
1st Lien Wastewater Utility Refunding RB (CWA Authority) Series 2022A | 5.00% | 10/01/37 (b) | 1,140,000 | 1,289,507 |
RB (Fulcrum Centerpoint) Series 2022 | 4.50% | 12/15/46 (a)(b) | 10,000,000 | 9,974,350 |
11,839,529 | ||||
IOWA 0.9% | ||||
Public Energy Financing Auth | ||||
Gas Project RB Series 2019 | 5.00% | 09/01/49 (b)(f) | 5,000,000 | 5,146,604 |
KANSAS 1.1% | ||||
Crawford Cnty USD #250 | ||||
GO Bonds Series 2017 | 5.00% | 09/01/26 | 250,000 | 266,924 |
GO Bonds Series 2017 | 5.00% | 09/01/27 | 450,000 | 490,505 |
Hutchinson | ||||
Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/27 (b) | 375,000 | 380,726 |
Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/28 (b) | 400,000 | 405,750 |
Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/29 (b) | 440,000 | 421,643 |
Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/30 (b) | 445,000 | 451,201 |
Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/31 (b) | 150,000 | 151,871 |
Johnson & Miami County USD No. 230 | ||||
GO Bonds Series 2018A | 5.00% | 09/01/26 | 250,000 | 266,667 |
GO Bonds Series 2018A | 5.00% | 09/01/27 | 800,000 | 870,248 |
GO Bonds Series 2018A | 5.00% | 09/01/31 (b) | 2,575,000 | 2,834,906 |
6,540,441 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
KENTUCKY 0.7% | ||||
Kentucky | ||||
COP 2015 | 4.00% | 06/15/24 | 400,000 | 403,067 |
COP 2015 | 5.00% | 06/15/25 | 400,000 | 415,316 |
Kentucky Public Energy Auth | ||||
Gas Supply RB Series 2018C1 | 4.00% | 12/01/49 (b)(f) | 1,450,000 | 1,451,115 |
Gas Supply RB Series 2022A1 | 4.00% | 08/01/52 (b)(f) | 2,000,000 | 1,957,966 |
4,227,464 | ||||
LOUISIANA 0.7% | ||||
Louisiana Public Facilities Auth | ||||
Refunding RB (Ochsner Clinic Fdn) Series 2017 | 5.00% | 05/15/27 | 500,000 | 528,448 |
Louisiana Stadium & Exposition District | ||||
BAN 2021 | 4.00% | 07/03/23 (b) | 2,000,000 | 2,000,395 |
Tangipahoa District #1 North Oaks Health System | ||||
Refunding RB Series 2021 | 4.00% | 02/01/35 (b) | 1,600,000 | 1,567,311 |
4,096,154 | ||||
MAINE 1.0% | ||||
Maine Health & Educational Facilities Auth | ||||
Educational Facilities RB Series 2021A | 5.00% | 07/01/32 (b) | 550,000 | 615,829 |
RB (MaineHealth) Series 2020A | 5.00% | 07/01/30 | 800,000 | 883,956 |
RB (MaineHealth) Series 2020A | 4.00% | 07/01/37 (b) | 1,000,000 | 980,705 |
Portland | ||||
General Airport Refunding RB Series 2019 | 5.00% | 01/01/32 (b) | 560,000 | 614,070 |
General Airport Refunding RB Series 2019 | 5.00% | 01/01/33 (b) | 695,000 | 756,959 |
General Airport Refunding RB Series 2019 | 5.00% | 01/01/34 (b) | 620,000 | 671,993 |
South Portland ME | ||||
GO Bonds Series 2022A | 5.00% | 10/01/34 (b) | 775,000 | 907,359 |
GO Bonds Series 2022A | 5.00% | 10/01/35 (b) | 625,000 | 724,071 |
6,154,942 | ||||
MARYLAND 2.2% | ||||
Baltimore Cnty | ||||
Metropolitan District GO Bonds 78th Issue | 5.00% | 02/01/46 (b) | 4,000,000 | 4,144,080 |
Maryland Health & Higher Educational Facilities Auth | ||||
RB (Frederick Health System) Series 2020 | 4.00% | 07/01/45 (b) | 600,000 | 539,375 |
RB (Meritus Medical Center) Series 2015 | 5.00% | 07/01/23 | 1,000,000 | 1,003,344 |
Maryland Stadium Authority | ||||
Built to Learn RB Series 2022A | 5.00% | 06/01/29 | 875,000 | 981,631 |
Built to Learn RB Series 2022A | 5.00% | 06/01/30 | 1,000,000 | 1,138,292 |
Built to Learn RB Series 2022A | 5.00% | 06/01/31 | 1,250,000 | 1,444,018 |
Washington Cnty | ||||
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/24 (h) | 320,000 | 324,415 |
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/25 (h) | 550,000 | 566,766 |
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/27 (h) | 645,000 | 690,951 |
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/28 (h) | 1,405,000 | 1,535,560 |
RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/29 (h) | 505,000 | 562,626 |
12,931,058 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MASSACHUSETTS 2.7% | ||||
Massachusetts Development Finance Agency | ||||
RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/29 | 500,000 | 549,555 |
RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/31 (b) | 1,120,000 | 1,237,098 |
RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/32 (b) | 500,000 | 551,742 |
RB (Boston Medical Center) Series 2016E | 5.00% | 07/01/31 (b) | 2,815,000 | 2,948,892 |
RB (Boston Medical Center) Series 2017F | 5.00% | 07/01/28 (b) | 240,000 | 255,584 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/24 | 500,000 | 509,002 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/25 | 665,000 | 686,354 |
RB (Boston Medical Center) Series 2023G | 5.00% | 07/01/26 | 865,000 | 905,278 |
RB (Boston Medical Center) Series 2023G | 5.25% | 07/01/48 (b) | 800,000 | 837,819 |
RB (Lahey Health System) Series 2015F | 5.00% | 08/15/28 (b) | 950,000 | 991,475 |
RB (Lesley Univ) Series 2019A | 5.00% | 07/01/35 (b) | 1,065,000 | 1,093,433 |
RB (Lesley Univ) Series 2019A | 5.00% | 07/01/39 (b) | 1,065,000 | 1,070,450 |
Massachusetts HFA | ||||
S/F Housing RB Series 183 | 3.50% | 12/01/46 (b) | 680,000 | 671,881 |
S/F Housing RB Series 203 | 4.50% | 12/01/48 (b) | 1,180,000 | 1,184,609 |
Massachusetts Transportation Fund | ||||
RB (Rail Enhancement Program) Series 2022A | 5.00% | 06/01/50 (b) | 2,000,000 | 2,152,809 |
15,645,981 | ||||
MICHIGAN 1.9% | ||||
Grand Rapids | ||||
Sanitary Sewer System Refunding RB Series 2010 | 5.00% | 01/01/25 | 600,000 | 620,454 |
Sanitary Sewer System Refunding RB Series 2010 | 5.00% | 01/01/27 | 1,145,000 | 1,232,590 |
Great Lakes Water Auth | ||||
Water System Sr. Lien RB Series 2022B | 5.25% | 07/01/47 (b) | 4,500,000 | 4,812,097 |
Karegnondi Water Auth | ||||
RB Series 2014A | 5.00% | 11/01/24 (b) | 1,645,000 | 1,658,437 |
RB Series 2014A | 5.00% | 11/01/25 (b) | 1,100,000 | 1,107,395 |
Michigan Housing Development Auth | ||||
S/F Mortgage RB Series 2015A | 4.00% | 06/01/46 (b) | 540,000 | 538,245 |
Wayne Cnty Airport Auth | ||||
Airport RB Series 2014B | 5.00% | 12/01/32 (b) | 550,000 | 565,738 |
Airport RB Series 2014B | 5.00% | 12/01/33 (b) | 625,000 | 642,348 |
11,177,304 | ||||
MINNESOTA 0.6% | ||||
Center City | ||||
Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/26 | 315,000 | 314,880 |
Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/28 (b) | 330,000 | 328,167 |
Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/41 (b) | 170,000 | 152,378 |
Duluth ISD #709 | ||||
Refunding COP Series 2019C | 5.00% | 02/01/25 (a) | 375,000 | 386,508 |
Refunding COP Series 2019C | 5.00% | 02/01/26 (a) | 400,000 | 418,957 |
Minneapolis- St. Paul Metropolitan Airports Commission | ||||
Sub Airport RB Series 2022B | 5.00% | 01/01/31 | 1,000,000 | 1,090,581 |
Sub Airport RB Series 2022B | 5.00% | 01/01/32 | 1,000,000 | 1,099,249 |
3,790,720 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MISSISSIPPI 0.4% | ||||
Mississippi Business Finance Corp | ||||
IDRB (Chevron) Series 2007B | 2.55% | 12/01/30 (b)(c) | 300,000 | 300,000 |
Mississippi Development Bank | ||||
Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/25 | 1,000,000 | 1,042,666 |
Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/26 | 590,000 | 626,871 |
Special Obligation (Jackson Public SD) Refunding RB Series 2012A | 5.00% | 04/01/28 (b)(h) | 345,000 | 345,497 |
Special Obligation (Jackson Public SD) Refunding RB Series 2012A | 5.00% | 04/01/28 (b) | 150,000 | 150,202 |
2,465,236 | ||||
MISSOURI 3.0% | ||||
Jackson Cnty SD #4 | ||||
School Building GO Bonds Series 2018A | 5.50% | 03/01/36 (a)(b) | 5,000,000 | 5,623,421 |
School Building GO Bonds Series 2018A | 6.00% | 03/01/38 (a)(b) | 2,440,000 | 2,853,701 |
Missouri Development Finance Board | ||||
Facilities Refunding RB Series 2021A | 5.00% | 11/01/27 | 300,000 | 323,511 |
Facilities Refunding RB Series 2021A | 5.00% | 11/01/28 | 770,000 | 844,934 |
Missouri Health & Educational Facilities Auth | ||||
Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/35 (b) | 1,000,000 | 1,082,602 |
Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/36 (b) | 1,050,000 | 1,130,770 |
Hospital Facilities RB (CoxHealth) Series 2019A | 5.00% | 11/15/31 (b) | 2,490,000 | 2,687,751 |
Missouri Housing Development Commission | ||||
S/F Mortgage RB Series 2017D | 4.00% | 05/01/47 (b) | 635,000 | 631,070 |
S/F Mortgage RB Series 2018A | 4.25% | 05/01/49 (b) | 1,300,000 | 1,299,126 |
St Louis | ||||
Airport RB (Lambert International) Series 2023B | 5.00% | 07/01/24 | 1,000,000 | 1,015,788 |
17,492,674 | ||||
MONTANA 0.6% | ||||
Montana Board of Housing | ||||
S/F Housing RB Series 2018A | 4.00% | 06/01/49 (b) | 890,000 | 884,489 |
Montana State Board of Regents | ||||
Educational Facilities Refunding RB (Montana State Univ) Series 2012A (SIFMA Municipal Swap Index + 0.45%) | 3.87% | 11/15/35 (b)(e) | 2,815,000 | 2,814,984 |
3,699,473 | ||||
NEBRASKA 1.2% | ||||
Boys Town Village | ||||
RB (Father Flanagan Boys Home) Series 2017 | 3.00% | 09/01/28 | 2,615,000 | 2,609,321 |
Municipal Energy Agency of Nebraska | ||||
Power System Refunding RB Series 2022A | 5.00% | 04/01/29 | 1,000,000 | 1,114,610 |
Power System Refunding RB Series 2022A | 5.00% | 04/01/31 | 1,600,000 | 1,836,838 |
Sarpy Cnty SD No 0037 | ||||
GO Bonds Series 2022B | 5.00% | 12/15/27 (b) | 1,500,000 | 1,574,226 |
7,134,995 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
NEVADA 0.2% | ||||
Carson City | ||||
Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/25 | 600,000 | 616,649 |
Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/27 | 605,000 | 637,230 |
1,253,879 | ||||
NEW JERSEY 4.6% | ||||
Atlantic City | ||||
Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/24 | 200,000 | 202,971 |
Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/25 | 300,000 | 309,361 |
Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/27 | 250,000 | 267,543 |
New Jersey | ||||
GO Bonds Series 2020A | 4.00% | 06/01/30 | 10,150,000 | 10,859,313 |
New Jersey Transportation Trust Fund Auth | ||||
Transportation Program Notes Series 2014 BB-1 | 5.00% | 06/15/33 (b) | 3,500,000 | 3,774,507 |
Transportation RB Series 2015AA | 5.25% | 06/15/41 (b) | 4,050,000 | 4,132,012 |
Transportation System RB Series 2019AA | 5.00% | 06/15/31 (b) | 1,250,000 | 1,358,085 |
Transportation System RB Series 2019BB | 5.00% | 06/15/44 (b) | 2,550,000 | 2,617,980 |
New Jersey Turnpike Auth | ||||
RB Series 2022B | 4.25% | 01/01/43 (b) | 1,750,000 | 1,751,935 |
RB Series 2022B | 4.50% | 01/01/48 (b) | 1,500,000 | 1,515,716 |
26,789,423 | ||||
NEW MEXICO 0.2% | ||||
New Mexico Mortgage Finance Auth | ||||
S/F Mortgage RB Series 2018B | 4.00% | 01/01/49 (b) | 1,045,000 | 1,038,528 |
NEW YORK 12.2% | ||||
Build NYC Resource Corp | ||||
RB (YMCA of Greater New York) Series 2015 | 5.00% | 08/01/25 (h) | 250,000 | 261,629 |
Hempstead Local Development Corp | ||||
RB (Hofstra Univ) Series 2021A | 5.00% | 07/01/27 | 520,000 | 556,062 |
RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/37 (b) | 500,000 | 495,675 |
RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/39 (b) | 575,000 | 559,906 |
Long Island Power Auth | ||||
Electric System RB Series 2020A | 5.00% | 09/01/37 (b) | 2,000,000 | 2,199,068 |
Electric System RB Series 2021B | 1.50% | 09/01/51 (b)(f) | 2,450,000 | 2,264,919 |
Metropolitan Transportation Auth | ||||
Transportation RB Series 2015A2 | 5.00% | 11/15/45 (b)(f) | 2,845,000 | 3,017,346 |
Transportation RB Series 2020C1 | 4.75% | 11/15/45 (b) | 1,200,000 | 1,179,295 |
Nassau Cnty Local Economic Assistance Corp | ||||
RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/25 (b) | 500,000 | 508,730 |
RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/26 (b) | 250,000 | 254,675 |
New York City | ||||
GO Bonds Fiscal 2014 Series D4 | 2.45% | 08/01/40 (a)(b)(c) | 1,000,000 | 1,000,000 |
GO Bonds Fiscal 2014 Series I1 | 5.00% | 03/01/23 (h) | 315,000 | 315,000 |
GO Bonds Fiscal 2014 Series I1 | 5.00% | 03/01/23 | 805,000 | 805,000 |
GO Bonds Fiscal 2018 Series E-5 | 2.45% | 03/01/48 (a)(b)(c) | 700,000 | 700,000 |
GO Bonds Fiscal 2023 Series B1 | 5.25% | 10/01/47 (b) | 750,000 | 825,396 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Fiscal Series 2018E-1 | 5.25% | 03/01/34 (b) | 2,000,000 | 2,211,908 |
GO Bonds Fiscal Series 2019E | 5.00% | 08/01/32 (b) | 600,000 | 667,567 |
New York City Municipal Water Finance Auth | ||||
Water & Sewer System 2nd Resolution RB Fiscal 2014 Series AA3 | 2.45% | 06/15/49 (a)(b)(c) | 200,000 | 200,000 |
Water & Sewer System RB Fiscal 2010 Series CC | 2.45% | 06/15/41 (a)(b)(c) | 1,100,000 | 1,100,000 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/35 (b) | 2,000,000 | 2,182,901 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/36 (b) | 1,450,000 | 1,570,601 |
Future Tax Secured Sub RB Fiscal 2014 Series B1 | 5.00% | 11/01/23 | 2,200,000 | 2,228,391 |
New York City Trust for Cultural Resources | ||||
Refunding RB (Juilliard School) Series 2018A | 5.00% | 01/01/38 (b) | 1,000,000 | 1,084,451 |
New York Liberty Development Corp | ||||
RB (Goldman Sachs Headquarters) Series 2005 | 3.77% | 10/01/35 (a)(b)(i)(j) | 3,750,000 | 3,750,000 |
New York State Dormitory Auth | ||||
RB (Montefiore Health) Series 2018A | 5.00% | 08/01/28 | 1,700,000 | 1,748,692 |
RB (Northwell Health) Series 2022A | 5.00% | 05/01/52 (b) | 1,475,000 | 1,514,845 |
RB (Rochester Institute of Technology) Series 2022A | 5.00% | 07/01/39 (b) | 1,000,000 | 1,100,598 |
RB (Rochester Institute of Technology) Series 2022A | 5.00% | 07/01/40 (b) | 540,000 | 592,465 |
RB (Rochester Institute of Technology) Series 2022A | 5.00% | 07/01/42 (b) | 700,000 | 764,347 |
RB (Rockefeller Univ) Series 2019C | 4.00% | 07/01/49 (b) | 1,000,000 | 933,270 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/46 (b) | 5,000,000 | 5,286,639 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/48 (b) | 5,000,000 | 5,292,318 |
New York State Urban Development Corp | ||||
State Personal Income Tax RB Series 2020C | 5.00% | 03/15/47 (b) | 1,600,000 | 1,703,470 |
New York Transportation Development Corp | ||||
Special Facility RB (JFK Airport) Series 2020A | 5.00% | 12/01/28 | 1,000,000 | 1,056,292 |
Special Facility RB (JFK Airport) Series 2020A | 5.00% | 12/01/31 (b) | 500,000 | 536,042 |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 221st Series | 5.00% | 07/15/34 (b) | 2,835,000 | 3,098,051 |
Consolidated Bonds 236th Series | 5.00% | 01/15/37 (b) | 1,000,000 | 1,076,874 |
Consolidated Bonds 236th Series | 5.00% | 01/15/38 (b) | 1,000,000 | 1,066,495 |
Sales Tax Asset Receivable Corp | ||||
RB Fiscal 2015 Series A | 5.00% | 10/15/31 (b)(h) | 5,330,000 | 5,493,409 |
Triborough Bridge & Tunnel Auth | ||||
Sr Lien RB Series 2021A1 | 5.00% | 05/15/51 (b) | 5,000,000 | 5,338,920 |
Sr Lien Refunding RB Series 2023A | 5.00% | 11/15/24 | 5,000,000 | 5,156,094 |
71,697,341 | ||||
NORTH CAROLINA 1.9% | ||||
Greater Asheville Regional Airport Auth | ||||
Airport System RB Series 2022A | 5.50% | 07/01/47 (b) | 2,000,000 | 2,152,876 |
Airport System RB Series 2022A | 5.50% | 07/01/52 (b) | 1,500,000 | 1,605,610 |
North Carolina Capital Facilities Finance Agency | ||||
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/25 | 500,000 | 515,252 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/26 | 1,735,000 | 1,812,877 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/30 (b) | 1,000,000 | 1,048,683 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/31 (b) | 1,305,000 | 1,366,066 |
Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/32 (b) | 1,255,000 | 1,312,630 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
North Carolina Medical Care Commission | ||||
Health Care Facilities RB (Presbyterian Homes) Series 2020A | 4.00% | 10/01/35 (b) | 450,000 | 408,730 |
Health Care Facilities RB (Presbyterian Homes) Series 2020A | 5.00% | 10/01/40 (b) | 1,000,000 | 990,729 |
11,213,453 | ||||
NORTH DAKOTA 0.2% | ||||
West Fargo | ||||
Refunding Bonds Series 2019B | 4.00% | 05/01/25 | 400,000 | 406,415 |
Refunding Bonds Series 2019B | 4.00% | 05/01/26 | 465,000 | 477,071 |
Refunding Bonds Series 2019B | 4.00% | 05/01/27 (b) | 125,000 | 128,405 |
1,011,891 | ||||
OHIO 1.4% | ||||
American Municipal Power Ohio | ||||
Refunding RB Series 2021A | 5.00% | 02/15/31 | 1,000,000 | 1,135,427 |
Buckeye Tobacco Settlement Financing Auth | ||||
Tobacco Settlement Refunding Bonds Series 2020A-2 | 5.00% | 06/01/34 (b) | 5,000,000 | 5,347,429 |
Cleveland | ||||
Airport System RB Series 2019B | 5.00% | 01/01/26 | 1,045,000 | 1,076,229 |
Northeast Ohio Medical Univ | ||||
General Refunding RB Series 2021A | 5.00% | 12/01/25 | 200,000 | 205,951 |
General Refunding RB Series 2021A | 3.00% | 12/01/40 (b) | 475,000 | 367,595 |
General Refunding RB Series 2021A | 4.00% | 12/01/45 (b) | 225,000 | 197,463 |
8,330,094 | ||||
OKLAHOMA 0.4% | ||||
Norman Regional Hospital Auth | ||||
Hospital RB Series 2019 | 5.00% | 09/01/45 (b) | 1,050,000 | 1,009,182 |
Oklahoma Development Finance Auth | ||||
Lease RB Series 2014A | 4.00% | 06/01/27 (b) | 29,000 | 29,311 |
Tulsa Cnty Industrial Auth | ||||
Educational Facilities Lease RB (Tulsa Cnty ISD #11) Series 2018 | 5.00% | 09/01/23 | 1,000,000 | 1,007,851 |
2,046,344 | ||||
OREGON 2.7% | ||||
Forest Grove | ||||
Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/24 | 250,000 | 253,129 |
Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/25 | 145,000 | 147,922 |
Gresham-Barlow SD #10Jt | ||||
GO Bonds Series 2019 | 0.00% | 06/15/34 (a)(b)(g) | 300,000 | 191,495 |
GO Bonds Series 2019 | 0.00% | 06/15/35 (a)(b)(g) | 265,000 | 159,539 |
GO Bonds Series 2019 | 0.00% | 06/15/36 (a)(b)(g) | 420,000 | 238,401 |
GO Bonds Series 2019 | 0.00% | 06/15/37 (a)(b)(g) | 500,000 | 268,596 |
Hermiston SD #8R | ||||
Refunding GO Bonds Series 2020A | 0.00% | 06/15/28 (a)(g) | 1,600,000 | 1,333,443 |
Refunding GO Bonds Series 2020A | 0.00% | 06/15/35 (a)(b)(g) | 1,400,000 | 851,003 |
Morrow & Gilliam County SD | ||||
GO Bonds Series 2021A | 4.00% | 06/15/27 (a) | 205,000 | 214,254 |
GO Bonds Series 2021A | 4.00% | 06/15/29 (a) | 150,000 | 160,887 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Oregon Business Development Commission | ||||
Recovery Zone Facility Bonds (Intel Corp) Series 232 | 2.40% | 12/01/40 (b)(f) | 3,000,000 | 2,979,594 |
Port Morrow | ||||
GO Obligations Series 2016 | 5.00% | 12/01/30 (b)(h) | 330,000 | 331,472 |
GO Obligations Series 2016 | 5.00% | 12/01/31 (b)(h) | 375,000 | 376,673 |
GO Obligations Series 2016 | 5.00% | 12/01/36 (b)(h) | 1,155,000 | 1,160,153 |
Salem Hospital Facility Auth | ||||
RB (Salem Health) Series 2019A | 5.00% | 05/15/26 | 2,180,000 | 2,291,152 |
Seaside | ||||
Transient Lodging Tax RB Series 2018 | 5.00% | 12/15/37 (b) | 1,875,000 | 2,011,605 |
Umatilla SD #6R | ||||
GO Bonds Series 2017 | 0.00% | 06/15/29 (a)(b)(d) | 340,000 | 364,695 |
GO Bonds Series 2017 | 0.00% | 06/15/30 (a)(b)(d) | 300,000 | 321,325 |
GO Bonds Series 2017 | 0.00% | 06/15/31 (a)(b)(d) | 300,000 | 321,309 |
GO Bonds Series 2017 | 0.00% | 06/15/32 (a)(b)(d) | 350,000 | 374,599 |
GO Bonds Series 2017 | 0.00% | 06/15/33 (a)(b)(d) | 520,000 | 555,905 |
GO Bonds Series 2017 | 0.00% | 06/15/34 (a)(b)(d) | 350,000 | 373,768 |
GO Bonds Series 2017 | 0.00% | 06/15/35 (a)(b)(d) | 410,000 | 435,692 |
West Linn-Wilsonville SD #3Jt | ||||
GO Bonds Series 2020A | 0.00% | 06/15/40 (a)(b)(g) | 640,000 | 287,406 |
16,004,017 | ||||
PENNSYLVANIA 2.8% | ||||
Beaver Cnty | ||||
GO Bonds Series 2017 | 4.00% | 04/15/28 (a)(h) | 510,000 | 540,197 |
Lancaster Cnty Hospital Auth | ||||
RB (Penn State Health) Series 2021 | 5.00% | 11/01/46 (b) | 1,000,000 | 1,036,973 |
Montgomery Cnty Higher Education & Health Auth | ||||
RB Series 2022B | 5.00% | 05/01/32 | 700,000 | 788,764 |
Pennsylvania Economic Development Financing Auth | ||||
RB Series 2022A | 5.00% | 02/15/38 (b) | 2,150,000 | 2,270,534 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2022B | 5.00% | 12/01/47 (b) | 1,000,000 | 1,063,600 |
RB Series 2022B | 5.25% | 12/01/52 (b) | 750,000 | 814,033 |
Pennsylvania State Univ | ||||
RB Series 2022A | 5.25% | 09/01/52 (b) | 2,000,000 | 2,198,584 |
Philadelphia | ||||
GO Refunding Bonds Series 2017 | 5.00% | 08/01/24 | 1,000,000 | 1,024,803 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/25 | 745,000 | 774,711 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/26 | 1,000,000 | 1,059,851 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/27 | 500,000 | 540,165 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/28 | 300,000 | 330,418 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/29 | 245,000 | 274,714 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/30 | 285,000 | 324,642 |
GO Refunding Bonds Series 2019A | 5.00% | 08/01/31 | 200,000 | 231,067 |
Southeastern Pennsylvania Transportation Auth | ||||
RB Series 2022 | 5.00% | 06/01/30 | 1,000,000 | 1,144,625 |
RB Series 2022 | 5.00% | 06/01/31 | 750,000 | 868,200 |
RB Series 2022 | 5.00% | 06/01/32 | 750,000 | 876,905 |
16,162,786 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
SOUTH CAROLINA 1.0% | ||||
Piedmont Municipal Power Agency | ||||
Electric Refunding RB Series 2021A | 4.00% | 01/01/25 | 1,545,000 | 1,556,657 |
South Carolina Public Service Auth | ||||
Refunding RB Series 2020A | 4.00% | 12/01/40 (b) | 4,000,000 | 3,713,746 |
Refunding RB Series 2022A | 5.00% | 12/01/29 | 500,000 | 545,406 |
5,815,809 | ||||
SOUTH DAKOTA 0.4% | ||||
Sioux Falls SD #49-5 | ||||
LT Capital Outlay Refunding Certificates Series 2017A | 3.00% | 08/01/28 (b) | 150,000 | 150,746 |
LT Capital Outlay Refunding Certificates Series 2017B | 3.00% | 08/01/28 (b) | 325,000 | 326,616 |
South Dakota Health & Educational Facilities Auth | ||||
RB Series 2015 | 5.00% | 11/01/26 (b) | 1,000,000 | 1,043,956 |
Tea Area SD #41-5 | ||||
GO Bonds Series 2022A | 5.00% | 08/01/47 (b) | 500,000 | 538,836 |
2,060,154 | ||||
TENNESSEE 0.8% | ||||
Chattanooga-Hamilton Cnty Hospital Auth | ||||
Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/23 | 450,000 | 453,201 |
Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/24 | 600,000 | 611,727 |
Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/25 (b) | 950,000 | 968,154 |
Metropolitan Nashville Airport Auth | ||||
RB Series 2022B | 5.25% | 07/01/47 (b) | 1,500,000 | 1,572,335 |
RB Series 2022B | 5.50% | 07/01/52 (b) | 1,250,000 | 1,338,009 |
4,943,426 | ||||
TEXAS 15.0% | ||||
Alamo Heights ISD | ||||
ULT Refunding RB Series 2020A | 5.00% | 02/01/27 (a) | 425,000 | 457,179 |
ULT Refunding RB Series 2020A | 5.00% | 02/01/28 (a) | 325,000 | 356,590 |
Arlington Higher Education Finance Corp | ||||
Education RB (Uplift Education) Series 2018A | 5.00% | 12/01/28 (a)(b) | 200,000 | 210,737 |
Atlanta ISD | ||||
ULT Refunding GO Bonds Series 2020 | 4.00% | 08/15/25 (a) | 150,000 | 153,053 |
ULT Refunding GO Bonds Series 2020 | 4.00% | 08/15/26 (a) | 310,000 | 320,064 |
Austin | ||||
Airport System RB Series 2022 | 5.00% | 11/15/32 | 500,000 | 553,096 |
Airport System RB Series 2022 | 5.00% | 11/15/33 (b) | 750,000 | 826,547 |
Airport System RB Series 2022 | 5.00% | 11/15/37 (b) | 2,000,000 | 2,132,373 |
Airport System RB Series 2022 | 5.25% | 11/15/47 (b) | 2,500,000 | 2,624,377 |
Brady ISD | ||||
ULT GO Refunding Bonds Series 2015 | 5.00% | 08/15/24 (a) | 170,000 | 174,317 |
Bullard ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 02/15/47 (a)(b) | 500,000 | 543,684 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Central Texas Regional Mobility Auth | ||||
Sr Lien RB Series 2015A | 5.00% | 01/01/27 (b) | 1,100,000 | 1,142,432 |
Sr Lien RB Series 2015A | 5.00% | 01/01/30 (b)(h) | 1,520,000 | 1,584,737 |
Sr Lien RB Series 2021B | 5.00% | 01/01/31 | 500,000 | 559,735 |
Collin Cnty CCD | ||||
LT Bonds Series 2018 | 5.00% | 08/15/24 | 4,900,000 | 5,039,924 |
Corpus Christi | ||||
Utility System Jr Lien Refunding & RB Series 2020A | 5.00% | 07/15/27 | 300,000 | 323,564 |
Utility System Jr Lien Refunding & RB Series 2020A | 5.00% | 07/15/28 | 565,000 | 621,466 |
Utility System Jr. Lien RB Series 2022B | 5.00% | 07/15/52 (b) | 5,000,000 | 5,365,443 |
Dallas | ||||
Refunding RB Series 2021 | 4.00% | 08/15/32 (b) | 1,000,000 | 1,001,571 |
Refunding RB Series 2021 | 4.00% | 08/15/33 (b) | 1,000,000 | 996,184 |
Denton ISD | ||||
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(b)(h) | 270,000 | 265,956 |
ULT GO Bonds Series 2014B | 2.00% | 08/01/44 (a)(b)(f) | 1,730,000 | 1,687,736 |
Donna ISD | ||||
ULT Refunding Bonds Series 2019 | 5.00% | 02/15/27 (a) | 775,000 | 838,281 |
ULT Refunding Bonds Series 2019 | 5.00% | 02/15/28 (a) | 425,000 | 469,800 |
ULT Refunding Bonds Series 2019 | 5.00% | 02/15/29 (a) | 575,000 | 649,226 |
Falls City ISD | ||||
ULT GO Bonds Series 2014 | 5.00% | 08/15/30 (a)(b) | 930,000 | 931,416 |
Forney ISD | ||||
ULT GO Refunding Bonds Series 2015 | 5.00% | 08/15/32 (a)(b) | 400,000 | 416,360 |
Fort Bend ISD | ||||
ULT GO Refunding Bonds Series 2020B | 0.88% | 08/01/50 (a)(b)(f) | 2,200,000 | 2,049,661 |
Fort Worth ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/40 (a)(b) | 1,750,000 | 1,966,578 |
Frisco ISD | ||||
ULT GO Refunding Bonds Series 2022B | 5.00% | 02/15/27 (a) | 3,500,000 | 3,778,977 |
Godley ISD | ||||
ULT GO Refunding Bonds Series 2021 | 5.00% | 02/15/30 (a) | 240,000 | 271,782 |
Granger ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 02/15/52 (a)(b) | 10,000,000 | 10,512,304 |
Gulf Coast IDA | ||||
RB (ExxonMobil) Series 2012 | 2.45% | 11/01/41 (b)(c) | 2,675,000 | 2,675,000 |
Harris Cnty Cultural Education Facilities Finance Corp | ||||
RB (Houston Methodist) Series 2020B | 2.50% | 12/01/59 (b)(c) | 400,000 | 400,000 |
Houston | ||||
Sub Lien Refunding RB Series 2018A | 5.00% | 07/01/25 | 1,000,000 | 1,023,107 |
Houston ISD | ||||
LT GO Refunding Bonds Series 2023A | 5.00% | 02/15/24 (a)(k) | 1,700,000 | 1,727,643 |
Lower Neches Valley Auth | ||||
Exempt Facilities Refunding RB (ExxonMobil) Series 2001B | 2.65% | 11/01/29 (b)(c) | 505,000 | 505,000 |
McKinney | ||||
Waterworks & Sewer System RB Series 2022 | 5.00% | 03/15/37 (b) | 365,000 | 410,049 |
Waterworks & Sewer System RB Series 2022 | 5.00% | 03/15/38 (b) | 1,090,000 | 1,218,343 |
Waterworks & Sewer System RB Series 2022 | 5.00% | 03/15/40 (b) | 1,200,000 | 1,327,097 |
New Braunfels | ||||
Utility System Refunding RB Series 2022 | 5.00% | 07/01/53 (b) | 2,000,000 | 2,148,105 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Newark Higher Education Finance Corp | ||||
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/37 (a)(b) | 500,000 | 546,952 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/42 (a)(b) | 600,000 | 642,005 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/47 (a)(b) | 680,000 | 719,488 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/52 (a)(b) | 500,000 | 525,988 |
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/57 (a)(b) | 1,000,000 | 1,042,919 |
North Texas Tollway Auth | ||||
System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/36 (b) | 1,000,000 | 1,009,459 |
Northside ISD | ||||
ULT GO Bonds Series 2019 | 1.60% | 08/01/49 (a)(b)(f) | 2,940,000 | 2,841,949 |
Northwest ISD | ||||
ULT GO Bonds Series 2022A | 5.00% | 02/15/48 (a)(b) | 2,000,000 | 2,166,886 |
Seguin ISD | ||||
ULT GO Refunding Bonds Series 2016 | 5.00% | 08/15/28 (a)(b) | 445,000 | 464,162 |
Spring Branch ISD | ||||
ULT GO Bonds Series 2019 | 5.00% | 02/01/28 (a) | 620,000 | 682,954 |
Spring ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/15/24 | 750,000 | 769,262 |
ULT GO Bonds Series 2023 | 5.00% | 08/15/25 | 1,500,000 | 1,565,673 |
ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/23 (a) | 625,000 | 630,102 |
Tarrant Cnty Cultural Education Facilities Finance Corp | ||||
Hospital RB (Baylor Scott & White) Series 2022D | 5.00% | 11/15/51 (b) | 1,000,000 | 1,050,873 |
Texas Dept of Housing & Community Affairs | ||||
Residential Mortgage RB Series 2019A | 4.75% | 01/01/49 (b) | 1,245,000 | 1,257,578 |
S/F Mortgage RB Series 2018A | 4.75% | 03/01/49 (b) | 875,000 | 882,190 |
Texas Municipal Gas Corp III | ||||
Gas Supply Refunding RB Series 2021 | 5.00% | 12/15/32 | 1,250,000 | 1,309,159 |
Texas State Affordable Housing Corp Heroes 2019 Program | ||||
S/F Mortgage RB Series 2019A | 4.25% | 03/01/49 (b) | 635,000 | 634,484 |
Texas Water Dev Brd | ||||
RB Series 2016 | 4.00% | 10/15/30 (b) | 3,900,000 | 3,991,005 |
State Revolving Fund RB Series 2020 | 5.00% | 08/01/23 | 500,000 | 503,807 |
Van Alstyne ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 02/15/47 (a)(b) | 1,500,000 | 1,652,137 |
Waller ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b) | 3,500,000 | 3,247,184 |
88,395,710 | ||||
UTAH 0.1% | ||||
Utah Board of Regents | ||||
Student Building Fee RB Series 2018 | 5.00% | 03/01/27 (b) | 360,000 | 372,150 |
Student Building Fee RB Series 2018 | 5.00% | 03/01/28 (b) | 425,000 | 438,511 |
810,661 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
VERMONT 0.7% | ||||
Vermont HFA | ||||
Multiple Purpose Bonds Series 2017D | 4.00% | 05/01/48 (b) | 465,000 | 462,847 |
Multiple Purpose Bonds Series 2018A | 4.00% | 11/01/48 (b) | 2,485,000 | 2,471,110 |
Multiple Purpose Bonds Series 2018C | 4.75% | 11/01/48 (b) | 1,294,000 | 1,305,719 |
4,239,676 | ||||
VIRGINIA 0.1% | ||||
Lynchburg Economic Development Auth | ||||
Hospital Refunding RB (Centra Health) Series 2021 | 4.00% | 01/01/40 (b) | 580,000 | 539,616 |
WASHINGTON 3.2% | ||||
Central Puget Sound Regional Transit Auth | ||||
Sales & Motor Vehicle Excise Tax RB Series 2016S1 | 5.00% | 11/01/46 | 2,250,000 | 2,527,686 |
East Pierce Fire & Rescue | ||||
ULT GO Bonds Series 2022 | 5.00% | 12/01/37 (b) | 3,980,000 | 4,456,081 |
King Cnty Public Hospital District #2 | ||||
LT GO Refunding Bonds (EvergreenHealth) Series 2015 | 5.00% | 12/01/24 (h) | 205,000 | 211,294 |
LT GO Refunding Bonds (EvergreenHealth) Series 2015 | 5.00% | 12/01/24 | 485,000 | 500,309 |
King Cnty SD #403 Renton | ||||
ULT GO Bond Series 2023 | 4.00% | 12/01/41 (a)(b)(k) | 1,000,000 | 975,825 |
Moses Lake SD #161 | ||||
ULT GO Bonds Series 2018 | 5.00% | 12/01/33 (a)(b) | 1,000,000 | 1,109,297 |
ULT GO Bonds Series 2018 | 5.00% | 12/01/34 (a)(b) | 1,000,000 | 1,104,035 |
ULT GO Bonds Series 2018 | 5.00% | 12/01/35 (a)(b) | 1,250,000 | 1,371,016 |
Port of Bellingham | ||||
Refunding RB 2019 | 5.00% | 12/01/27 | 500,000 | 544,378 |
Refunding RB 2019 | 5.00% | 12/01/28 | 460,000 | 510,622 |
Refunding RB 2019 | 5.00% | 12/01/29 (b) | 500,000 | 558,749 |
Refunding RB 2019 | 5.00% | 12/01/30 (b) | 625,000 | 694,986 |
Port of Seattle | ||||
Intermediate Lien Refunding RB Series 2022B | 5.50% | 08/01/47 (b) | 1,000,000 | 1,076,218 |
Tukwila SD #406 | ||||
ULT GO Series 2018 | 5.00% | 12/01/37 (a)(b) | 2,830,000 | 3,091,905 |
18,732,401 | ||||
WISCONSIN 1.6% | ||||
Wisconsin Center District | ||||
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/34 (b)(g) | 1,820,000 | 1,119,610 |
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/35 (b)(g) | 2,900,000 | 1,675,343 |
Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/36 (b)(g) | 3,000,000 | 1,629,088 |
Wisconsin Health & Educational Facilities Auth | ||||
RB (Advocate Aurora Health) Series 2018C4 (SIFMA Municipal Swap Index + 0.65%) | 4.07% | 08/15/54 (b)(e) | 1,700,000 | 1,700,463 |
RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/31 (b)(h) | 1,000,000 | 1,083,420 |
RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/32 (b)(h) | 1,025,000 | 1,110,506 |
RB (UnityPoint Health) Series 2014A | 5.00% | 12/01/24 (b) | 1,000,000 | 1,021,933 |
9,340,363 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
WYOMING 0.3% | ||||
Laramie Cnty | ||||
Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/28 | 440,000 | 457,768 |
Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/34 (b) | 495,000 | 503,856 |
Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 3.00% | 05/01/42 (b) | 1,000,000 | 751,920 |
1,713,544 | ||||
Total Municipal Securities (Cost $595,228,064) | 583,760,085 | |||
Total Investments in Securities (Cost $595,228,064) | 583,760,085 |
(a) | Credit-enhanced or liquidity-enhanced. |
(b) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(c) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
(d) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(e) | Variable rate security; rate shown is effective rate at period end. |
(f) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
(g) | Zero coupon bond. |
(h) | Refunded bond. |
(i) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $3,750,000 or 0.6% of net assets. |
(j) | TOB is a synthetically created VRDN where the owner of a long-term bond places the bond in a trust in combination with a liquidity facility. The trust then sells certificates which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
(k) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
BAN — | Bond anticipation note |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
HFA — | Housing finance agency/authority |
IDA — | Industrial development agency/authority |
IDRB — | Industrial development revenue bond |
ISD — | Independent school district |
LT — | Limited tax |
PFC — | Passenger facility charge |
RB — | Revenue bond |
S/F — | Single-family |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
TOB — | Tender option bond |
ULT — | Unlimited tax |
USD — | Unified school district |
VRDN — | Variable rate demand note |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $583,760,085 | $— | $583,760,085 |
Total | $— | $583,760,085 | $— | $583,760,085 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $595,228,064) | $583,760,085 | |
Cash | 14,635,118 | |
Receivables: | ||
Interest | 6,185,576 | |
Fund shares sold | 69,457 | |
Prepaid expenses | + | 25,369 |
Total assets | 604,675,605 | |
Liabilities | ||
Payables: | ||
Investments bought | 13,103,335 | |
Investments bought - delayed-delivery | 2,696,443 | |
Fund shares redeemed | 690,632 | |
Distributions to shareholders | 503,995 | |
Investment adviser fees | 88,033 | |
Shareholder service fees | 77,737 | |
Independent trustees’ fees | 235 | |
Accrued expenses | + | 71,825 |
Total liabilities | 17,232,235 | |
Net assets | $587,443,370 | |
Net Assets by Source | ||
Capital received from investors | $622,543,596 | |
Total distributable loss | + | (35,100,226) |
Net assets | $587,443,370 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$587,443,370 | 54,151,835 | $10.85 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $8,834,508 | |
Expenses | ||
Investment adviser and administrator fees | 605,990 | |
Shareholder service fees | 409,089 | |
Portfolio accounting fees | 53,473 | |
Registration fees | 27,948 | |
Professional fees | 19,265 | |
Shareholder reports | 9,642 | |
Independent trustees’ fees | 6,597 | |
Custodian fees | 5,812 | |
Transfer agent fees | 1,106 | |
Other expenses | + | 4,549 |
Total expenses | 1,143,471 | |
Expense reduction | – | 96,549 |
Net expenses | – | 1,046,922 |
Net investment income | 7,787,586 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (7,256,817) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 3,941,398 |
Net realized and unrealized losses | (3,315,419) | |
Increase in net assets resulting from operations | $4,472,167 |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income | $7,787,586 | $13,145,754 | |
Net realized losses | (7,256,817) | (16,420,637) | |
Net change in unrealized appreciation (depreciation) | + | 3,941,398 | (59,174,175) |
Increase (decrease) in net assets resulting from operations | $4,472,167 | ($62,449,058) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($7,783,986) | ($16,116,194) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 18,706,951 | $201,273,043 | 23,892,302 | $272,856,307 | |
Shares reinvested | 456,018 | 4,917,112 | 809,394 | 9,374,441 | |
Shares redeemed | + | (14,694,681) | (158,428,029) | (40,607,080) | (461,906,122) |
Net transactions in fund shares | 4,468,288 | $47,762,126 | (15,905,384) | ($179,675,374) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 49,683,547 | $542,993,063 | 65,588,931 | $801,233,689 | |
Total increase (decrease) | + | 4,468,288 | 44,450,307 | (15,905,384) | (258,240,626) |
End of period | 54,151,835 | $587,443,370 | 49,683,547 | $542,993,063 |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/21 | 9/1/19– 8/31/20 | 9/1/18– 8/31/19 | 9/1/17– 8/31/18 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $11.01 | $12.24 | $12.26 | $12.23 | $11.69 | $11.96 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.13 | 0.21 | 0.20 | 0.24 | 0.29 | 0.28 |
Net realized and unrealized gains (losses) | (0.08) | (1.17) | 0.07 | 0.07 | 0.54 | (0.27) |
Total from investment operations | 0.05 | (0.96) | 0.27 | 0.31 | 0.83 | 0.01 |
Less distributions: | ||||||
Distributions from net investment income | (0.13) | (0.21) | (0.20) | (0.24) | (0.29) | (0.28) |
Distributions from net realized gains | — | (0.06) | (0.09) | (0.04) | — | — |
Total distributions | (0.13) | (0.27) | (0.29) | (0.28) | (0.29) | (0.28) |
Net asset value at end of period | $10.93 | $11.01 | $12.24 | $12.26 | $12.23 | $11.69 |
Total return | 0.50%2 | (7.97%) | 2.25% | 2.54% | 7.19% | 0.14% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Net operating expenses | 0.38%3 | 0.48%4,5 | 0.49% | 0.49% | 0.49% | 0.49% |
Gross operating expenses | 0.42%3 | 0.56%5 | 0.58% | 0.58% | 0.60% | 0.60% |
Net investment income (loss) | 2.47%3 | 1.78% | 1.64% | 1.97% | 2.42% | 2.42% |
Portfolio turnover rate | 21%2 | 67% | 43% | 78% | 75% | 59% |
Net assets, end of period (x 1,000) | $408,008 | $419,849 | $504,491 | $488,458 | $487,502 | $395,147 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Effective July 1, 2022, the net operating expense limitation was lowered from 0.49% to 0.38%. The ratio presented for the year ended August 31, 2022 is a blended ratio. |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 98.9% OF NET ASSETS | ||||
CALIFORNIA 97.3% | ||||
Alameda Corridor Transportation Auth | ||||
2nd Sub Lien Refunding RB Series 2022C | 5.00% | 10/01/52 (a) | 2,500,000 | 2,682,030 |
Sr Lien Refunding RB Series 2022A | 0.00% | 10/01/50 (a)(b) | 3,000,000 | 1,461,878 |
American Canyon Finance Auth | ||||
Refunding RB Series 2015 | 5.00% | 09/02/23 | 575,000 | 580,139 |
Refunding RB Series 2015 | 5.00% | 09/02/25 | 690,000 | 722,432 |
Banning Financing Auth | ||||
Electric System Refunding RB Series 2015 | 5.00% | 06/01/27 (a) | 650,000 | 679,661 |
Bay Area Toll Auth | ||||
Toll Bridge RB Series 2006C1 (SIFMA Municipal Swap Index + 0.90%) | 4.32% | 04/01/45 (a)(c) | 5,000,000 | 5,001,351 |
Toll Bridge RB Series 2017H | 2.13% | 04/01/53 (a)(d) | 3,000,000 | 2,906,853 |
Beverly Hills USD | ||||
GO Bonds Series 2009 | 0.00% | 08/01/26 (e) | 555,000 | 497,910 |
GO Bonds Series 2017 | 0.00% | 08/01/34 (a)(e) | 7,705,000 | 4,938,058 |
California | ||||
GO Bonds | 5.00% | 09/01/25 (a) | 1,815,000 | 1,834,182 |
GO Bonds | 5.00% | 10/01/26 (a) | 7,000,000 | 7,012,209 |
GO Bonds Series 2003A1 | 1.55% | 05/01/33 (a)(f)(g) | 300,000 | 300,000 |
GO Bonds Series CQ | 4.00% | 12/01/47 (a) | 2,215,000 | 2,204,525 |
GO Refunding Bonds | 5.00% | 08/01/27 | 2,730,000 | 2,983,520 |
GO Refunding Bonds Series 2016 | 5.00% | 09/01/29 (a) | 1,290,000 | 1,377,639 |
GO Refunding Bonds Series 2017 | 5.00% | 08/01/32 (a) | 2,000,000 | 2,131,316 |
California Cnty Tobacco Securitization Agency | ||||
Tobacco Settlement (Gold Country) Sr Refunding Bonds Series 2020A | 4.00% | 06/01/37 (a) | 1,095,000 | 1,060,217 |
Tobacco Settlement (Gold Country) Sub Refunding Bonds Series 2020B1 | 4.00% | 06/01/49 (a) | 190,000 | 187,973 |
Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/36 (a) | 1,510,000 | 1,474,974 |
Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/37 (a) | 310,000 | 300,153 |
Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/38 (a) | 340,000 | 326,819 |
Tobacco Settlement (Los Angeles Cnty Securitization) Sr RB Series 2020A | 4.00% | 06/01/49 (a) | 1,000,000 | 882,626 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/24 | 210,000 | 213,800 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/25 | 175,000 | 180,425 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/26 | 225,000 | 234,280 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/27 | 100,000 | 105,181 |
Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/28 | 150,000 | 159,068 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
California Community Choice Finance Auth | ||||
RB Series 2021A | 4.00% | 10/01/52 (a)(d) | 4,000,000 | 3,983,723 |
RB Series 2021B1 | 4.00% | 02/01/52 (a)(d) | 5,715,000 | 5,684,963 |
California Community Choice Financing Auth | ||||
RB Series 2022A1 | 4.00% | 05/01/53 (a)(f) | 5,000,000 | 4,995,323 |
California Educational Facilities Auth | ||||
RB (Art Center College of Design) Series 2018A | 5.00% | 12/01/35 (a) | 1,250,000 | 1,295,882 |
RB (University of Redlands) Series 2022A | 5.00% | 10/01/44 (a) | 3,000,000 | 2,983,937 |
California Health Facilities Financing Auth | ||||
Insured RB (Northern CA Presbyterian Home & Services) Series 2015 | 5.00% | 07/01/23 (f) | 175,000 | 175,985 |
RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (a)(d) | 2,625,000 | 2,613,222 |
RB (Childrens Hospital of Orange Cnty) Series 2019A | 4.00% | 11/01/29 | 500,000 | 539,739 |
RB (Childrens Hospital of Orange Cnty) Series 2019A | 5.00% | 11/01/30 (a) | 500,000 | 570,362 |
RB (CommonSpirit Health) Series 2020A | 4.00% | 04/01/38 (a) | 2,500,000 | 2,414,479 |
RB (CommonSpirit Health) Series 2020A | 4.00% | 04/01/45 (a) | 5,000,000 | 4,536,365 |
RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/40 (a) | 650,000 | 677,537 |
RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/50 (a) | 1,000,000 | 1,021,915 |
RB (Sutter Health) Series 2018A | 5.00% | 11/15/23 | 1,000,000 | 1,011,344 |
Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/25 (a)(f) | 200,000 | 206,112 |
Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/28 (a)(f) | 800,000 | 831,149 |
California Infrastructure & Economic Development Bank | ||||
RB (Academy of Motion Picture Arts & Sciences) Series 2015A | 5.00% | 11/01/24 (a) | 1,635,000 | 1,655,135 |
RB (Brightline Passenger Rail) Series 2020A | 3.65% | 01/01/50 (a)(f) | 1,715,000 | 1,708,721 |
RB Series 2021B | 4.00% | 11/01/36 (a) | 360,000 | 349,420 |
RB Series 2021B | 4.00% | 11/01/38 (a) | 600,000 | 574,285 |
RB Series 2021B | 4.00% | 11/01/39 (a) | 630,000 | 597,304 |
RB Series 2021B | 4.00% | 11/01/40 (a) | 650,000 | 609,494 |
Refunding RB (Los Angeles Cnty Museum of Art) Series 2021A | 1.20% | 12/01/50 (a) | 3,000,000 | 2,600,678 |
Refunding RB (Los Angeles Cnty Museum of Natural History) Series 2020 | 4.00% | 07/01/50 (a) | 1,500,000 | 1,367,637 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 4.00% | 12/01/37 (a) | 475,000 | 471,178 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/39 (a) | 1,000,000 | 1,074,700 |
Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/41 (a) | 995,000 | 1,063,589 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/29 (a) | 250,000 | 265,608 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/30 (a) | 330,000 | 351,174 |
Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/31 (a) | 350,000 | 372,729 |
California Municipal Finance Auth | ||||
COP Series 2022A | 5.00% | 11/01/27 | 100,000 | 105,483 |
COP Series 2022A | 5.00% | 11/01/28 | 115,000 | 122,499 |
COP Series 2022A | 5.00% | 11/01/29 | 125,000 | 134,675 |
COP Series 2022A | 5.00% | 11/01/30 | 100,000 | 108,814 |
COP Series 2022A | 5.25% | 11/01/52 (a) | 2,000,000 | 2,107,719 |
Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/26 (f) | 360,000 | 381,504 |
Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/27 (f) | 350,000 | 378,437 |
Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/34 (a)(f) | 1,040,000 | 1,132,765 |
RB (Community Health System) Series 2021A | 5.00% | 02/01/35 (a) | 750,000 | 818,102 |
RB (Inland Christian Home) Series 2020 | 4.00% | 12/01/39 (a)(f) | 500,000 | 493,904 |
RB (National Univ) Series 2019A | 5.00% | 04/01/26 | 650,000 | 689,152 |
RB (National Univ) Series 2019A | 5.00% | 04/01/27 | 1,100,000 | 1,188,645 |
RB (Samuel Merritt Univ) Series 2022 | 5.25% | 06/01/53 (a) | 2,000,000 | 2,143,461 |
RB (Univ of La Verne) Series 2017A | 5.00% | 06/01/29 (a) | 1,000,000 | 1,079,754 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
RB Series 2021 | 4.00% | 10/01/46 (a) | 2,000,000 | 1,838,118 |
Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/27 | 600,000 | 630,465 |
Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/30 (a) | 1,150,000 | 1,211,070 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/29 (a) | 655,000 | 658,672 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/30 (a) | 750,000 | 753,960 |
Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/31 (a) | 500,000 | 502,499 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/29 (a)(f) | 250,000 | 273,615 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/31 (a)(f) | 575,000 | 630,227 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/32 (a)(f) | 250,000 | 273,931 |
Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/33 (a)(f) | 250,000 | 273,636 |
Refunding RB (Southwestern Law School) Series 2021 | 4.00% | 11/01/34 (a) | 260,000 | 250,791 |
Refunding RB (Southwestern Law School) Series 2021 | 4.00% | 11/01/35 (a) | 270,000 | 256,331 |
Refunding RB (Southwestern Law School) Series 2021 | 4.00% | 11/01/36 (a) | 115,000 | 107,542 |
California Public Finance Auth | ||||
RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/33 (a) | 425,000 | 440,760 |
RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/47 (a) | 600,000 | 591,820 |
RB (Hoag Memorial Hospital Presbyterian) Series 2022B1 | 1.55% | 07/15/62 (a)(f)(g) | 25,000 | 25,000 |
RB (Sharp Healthcare) Series 2017B | 1.55% | 08/01/52 (a)(f)(g) | 1,575,000 | 1,575,000 |
RB (Sharp Healthcare) Series 2017C | 1.55% | 08/01/52 (a)(f)(g) | 3,260,000 | 3,260,000 |
California Public Works Board | ||||
Lease RB Series 2014B | 5.00% | 10/01/24 | 1,000,000 | 1,031,199 |
Lease Refunding RB Series 2022A | 5.00% | 08/01/33 (a) | 2,000,000 | 2,337,904 |
California School Finance Auth | ||||
School Facility RB (Kipp LA) Series 2017A | 4.00% | 07/01/23 | 200,000 | 199,922 |
School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/24 | 165,000 | 166,962 |
School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/37 (a) | 590,000 | 603,787 |
California Statewide Communities Development Auth | ||||
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/24 | 870,000 | 879,644 |
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/31 (a) | 1,700,000 | 1,801,608 |
Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/33 (a) | 1,355,000 | 1,434,076 |
Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A | 5.00% | 11/15/34 (a)(f) | 750,000 | 843,069 |
Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A | 5.00% | 11/15/37 (a)(f) | 735,000 | 807,091 |
M/F Housing Refunding RB (Kelvin Court) Series 2012B | 2.92% | 06/15/51 (a)(f)(g) | 335,000 | 335,000 |
RB (Adventist Health System West) Series 2018A | 5.00% | 03/01/48 (a) | 1,765,000 | 1,783,860 |
RB (Adventist Health System) Series 2007A | 5.00% | 03/01/37 (a)(d) | 1,715,000 | 1,803,690 |
RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (a) | 2,500,000 | 2,424,906 |
RB (Montage Health) Series 2021A | 4.00% | 06/01/29 | 1,000,000 | 1,069,163 |
RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/30 (a) | 800,000 | 834,555 |
RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/32 (a) | 700,000 | 729,626 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/29 (a)(f) | 300,000 | 333,022 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/30 (a)(f) | 235,000 | 260,777 |
RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/32 (a)(f) | 900,000 | 995,431 |
RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/35 (a)(f) | 275,000 | 279,875 |
RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/36 (a)(f) | 425,000 | 429,512 |
Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/30 (a) | 500,000 | 516,216 |
Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/32 (a) | 1,250,000 | 1,283,339 |
Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/33 (a) | 1,075,000 | 1,195,588 |
Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/36 (a) | 1,475,000 | 1,610,518 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Carpinteria Valley Water District | ||||
Refunding RB Series 2020A | 5.00% | 07/01/29 | 125,000 | 140,199 |
Refunding RB Series 2020A | 5.00% | 07/01/30 | 150,000 | 170,965 |
Refunding RB Series 2020A | 5.00% | 07/01/31 (a) | 145,000 | 165,242 |
Refunding RB Series 2020A | 5.00% | 07/01/34 (a) | 250,000 | 282,633 |
Cathedral City Successor Redevelopment Agency | ||||
Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/24 | 650,000 | 653,324 |
Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/30 | 570,000 | 599,631 |
Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/32 (a) | 475,000 | 492,403 |
Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/33 (a) | 250,000 | 256,714 |
Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/34 (a) | 1,000,000 | 1,018,514 |
Centinela Valley UHSD | ||||
GO Bonds Series 2013B | 6.00% | 08/01/36 (a)(h) | 1,300,000 | 1,315,357 |
Ceres Successor Redevelopment Agency | ||||
Sub Tax Allocation Refunding Bonds Series 2020 | 4.00% | 12/15/34 (a) | 500,000 | 518,811 |
Sub Tax Allocation Refunding Bonds Series 2020 | 4.00% | 12/15/35 (a) | 500,000 | 512,342 |
Chico | ||||
Sewer Refunding RB Series 2020 | 5.00% | 12/01/23 | 780,000 | 790,672 |
Sewer Refunding RB Series 2020 | 5.00% | 12/01/25 | 400,000 | 420,540 |
Sewer Refunding RB Series 2020 | 5.00% | 12/01/26 | 320,000 | 343,405 |
Sewer Refunding RB Series 2020 | 5.00% | 12/01/27 | 425,000 | 465,679 |
Sewer Refunding RB Series 2020 | 5.00% | 12/01/28 | 450,000 | 503,312 |
Sewer Refunding RB Series 2020 | 5.00% | 12/01/29 | 50,000 | 56,759 |
Chino Valley USD | ||||
GO Bonds Series 2022C | 0.00% | 08/01/31 (e) | 500,000 | 374,683 |
Clovis | ||||
Wastewater Refunding RB Series 2015 | 5.25% | 08/01/30 (a) | 1,060,000 | 1,127,310 |
Compton USD | ||||
GO Refunding Bonds Series 2016F | 5.50% | 06/01/28 (a) | 250,000 | 271,935 |
GO Refunding Bonds Series 2016F | 5.50% | 06/01/30 (a) | 500,000 | 544,492 |
GO Refunding Bonds Series 2016F | 5.50% | 06/01/31 (a) | 750,000 | 816,732 |
Cordova Recreation & Park District | ||||
COP Series 2018 | 5.00% | 03/01/43 (a) | 655,000 | 668,227 |
Corona-Norco USD | ||||
GO Bonds Series 1998D | 0.00% | 09/01/27 (e) | 2,400,000 | 2,070,258 |
Cotati-Rohnert Park USD | ||||
GO Refunding Bonds Series 2014B | 5.00% | 08/01/23 | 735,000 | 740,839 |
Cucamonga Valley Water District Financing Auth | ||||
Water Refunding RB Series 2021B | 5.00% | 09/01/28 | 150,000 | 168,549 |
Desert CCD | ||||
GO Bonds Series 2018 | 5.00% | 08/01/37 (a)(h) | 415,000 | 418,331 |
GO Bonds Series 2018 | 5.00% | 08/01/38 (a)(h) | 500,000 | 504,014 |
Diablo Water District | ||||
Water Revenue COP Series 2019 | 4.00% | 01/01/27 | 470,000 | 486,152 |
Water Revenue COP Series 2019 | 4.00% | 01/01/28 | 490,000 | 513,607 |
Water Revenue COP Series 2019 | 4.00% | 01/01/29 (a) | 505,000 | 530,295 |
Water Revenue COP Series 2019 | 4.00% | 01/01/30 (a) | 480,000 | 504,223 |
Discovery Bay Public Financing Auth | ||||
Water & Wastewater Enterprise RB Series 2022 | 5.00% | 12/01/52 (a) | 4,000,000 | 4,396,618 |
Water & Wastewater RB Series 2017 | 5.00% | 12/01/25 | 225,000 | 237,345 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Water & Wastewater RB Series 2017 | 5.00% | 12/01/26 | 240,000 | 258,527 |
Water & Wastewater RB Series 2017 | 5.00% | 12/01/27 | 250,000 | 275,213 |
East Bay Municipal Utility District | ||||
Water System RB Series 2022A | 5.25% | 06/01/52 (a) | 1,315,000 | 1,473,972 |
Water System Refunding Bonds Series 2015A | 5.00% | 06/01/35 (a) | 475,000 | 498,255 |
East Bay Regional Park District | ||||
GO Bonds Series 2022A1 | 5.00% | 09/01/23 | 2,500,000 | 2,524,070 |
East Side UHSD | ||||
GO Refunding Bonds Series 2013 | 5.00% | 08/01/28 (a) | 3,000,000 | 3,021,229 |
Refunding GO Bonds Series 2020 | 5.00% | 08/01/26 | 1,200,000 | 1,287,917 |
Elk Grove Finance Auth | ||||
Special Tax RB Series 2015 | 5.00% | 09/01/23 | 775,000 | 780,512 |
Foothill Eastern Transportation Corridor Agency | ||||
Toll Road Sr Lien Refunding RB Series 2021A | 4.00% | 01/15/46 (a) | 2,000,000 | 1,814,434 |
Fort Bragg USD | ||||
GO Bonds Series B | 5.50% | 08/01/52 (a) | 1,000,000 | 1,090,422 |
Franklin-McKinley SD | ||||
GO Bonds Series C | 0.00% | 08/01/40 (a)(e)(h) | 1,000,000 | 341,162 |
Fresno Jt Power Finance Auth | ||||
Lease Refunding RB Series 2017A | 5.00% | 04/01/26 | 850,000 | 904,554 |
Lease Refunding RB Series 2017A | 5.00% | 04/01/28 (a) | 1,415,000 | 1,544,405 |
Fresno USD | ||||
GO Bonds Series 2016A | 0.00% | 08/01/33 (a)(e)(h) | 1,120,000 | 761,122 |
GO Bonds Series 2016A | 0.00% | 08/01/34 (a)(e)(h) | 1,900,000 | 1,230,396 |
Golden West Schools Financing Auth | ||||
GO RB (Rowland USD) Series 2005 | 5.25% | 09/01/24 | 1,675,000 | 1,727,250 |
Goleta Water District | ||||
Refunding COP Series 2014A | 5.00% | 12/01/24 (a) | 900,000 | 912,381 |
Greenfield Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2016 | 4.00% | 02/01/25 | 790,000 | 798,287 |
Tax Allocation Refunding Bonds Series 2016 | 5.00% | 02/01/29 (a) | 730,000 | 774,311 |
Hastings Campus Housing Financing Auth | ||||
Campus Housing RB Series 2020A | 5.00% | 07/01/45 (a) | 2,800,000 | 2,399,451 |
Hastings College of the Law | ||||
Refunding Bonds Series 2017 | 5.00% | 04/01/25 | 400,000 | 413,567 |
Refunding Bonds Series 2017 | 5.00% | 04/01/27 | 175,000 | 187,430 |
Refunding Bonds Series 2017 | 5.00% | 04/01/28 (a) | 180,000 | 194,001 |
Refunding Bonds Series 2017 | 5.00% | 04/01/32 (a) | 1,100,000 | 1,192,791 |
Refunding Bonds Series 2017 | 5.00% | 04/01/34 (a) | 1,115,000 | 1,207,000 |
Imperial USD | ||||
GO Bonds Series A | 5.25% | 08/01/43 (a)(h) | 1,430,000 | 1,578,184 |
Independent Cities Finance Auth | ||||
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/25 | 780,000 | 786,337 |
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/26 | 810,000 | 821,895 |
Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 5.00% | 05/15/48 (a) | 2,000,000 | 2,059,230 |
Indian Wells Successor Redevelopment Agency | ||||
Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/23 | 1,075,000 | 1,084,341 |
Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/27 (a) | 1,250,000 | 1,311,776 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Inglewood Successor Redevelopment Agency | ||||
Sub Lien Tax Allocation RB Series 2017A | 5.00% | 05/01/26 | 500,000 | 525,601 |
Inglewood USD | ||||
GO Bonds Series A | 6.25% | 08/01/37 (a)(h) | 685,000 | 693,790 |
GO Bonds Series B | 5.00% | 08/01/31 (a) | 150,000 | 161,301 |
GO Bonds Series B | 5.00% | 08/01/32 (a) | 200,000 | 214,679 |
GO Bonds Series B | 5.00% | 08/01/33 (a) | 125,000 | 133,942 |
GO Bonds Series B | 5.00% | 08/01/35 (a) | 200,000 | 213,541 |
GO Bonds Series B | 5.00% | 08/01/37 (a) | 720,000 | 760,980 |
Kern CCD | ||||
GO BANs 2020 | 0.00% | 08/01/23 (e) | 4,200,000 | 4,141,883 |
Kern Cnty | ||||
Refunding COP Series 2016A | 5.00% | 11/01/23 | 3,020,000 | 3,054,386 |
Kern Cnty Water Agency Improvement District #4 | ||||
Refunding RB Series 2016A | 5.00% | 05/01/30 (a) | 1,500,000 | 1,607,076 |
Kern High School District | ||||
GO Bonds Series 2016A | 3.00% | 08/01/29 (a) | 1,000,000 | 996,479 |
Lake Tahoe USD | ||||
GO Refunding Bonds Series 2019 | 4.00% | 08/01/26 | 550,000 | 565,979 |
GO Refunding Bonds Series 2019 | 4.00% | 08/01/28 | 375,000 | 394,488 |
GO Refunding Bonds Series 2019 | 4.00% | 08/01/29 | 605,000 | 643,146 |
Lancaster Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2017 | 4.00% | 08/01/26 | 1,360,000 | 1,390,806 |
Tax Allocation Refunding Bonds Series 2017 | 5.00% | 08/01/29 (a) | 820,000 | 879,354 |
Livermore Valley Joint USD | ||||
GO Bonds Series 2019 | 4.00% | 08/01/30 (a) | 430,000 | 445,494 |
GO Bonds Series 2019 | 4.00% | 08/01/31 (a) | 325,000 | 336,763 |
GO Bonds Series 2019 | 4.00% | 08/01/32 (a) | 335,000 | 346,937 |
Long Beach CCD | ||||
GO Refunding Bonds Series 2015F | 5.00% | 06/01/25 | 925,000 | 966,663 |
Long Beach Harbor Dept | ||||
Refunding RB Series 2020B | 5.00% | 05/15/23 | 1,430,000 | 1,433,901 |
Sr Airport RB Series 2022C | 5.25% | 06/01/47 (a) | 1,000,000 | 1,056,353 |
Los Angeles Cnty Public Works Financing Auth | ||||
Lease RB Series 2021F | 5.00% | 12/01/26 | 250,000 | 270,409 |
Lease RB Series 2021F | 5.00% | 12/01/27 | 250,000 | 276,622 |
Los Angeles Cnty Redevelopment Refunding Auth | ||||
Tax Allocation Refunding RB (South Gate) Series 2014A | 5.00% | 09/01/24 | 1,390,000 | 1,428,314 |
Los Angeles Cnty Sanitation Districts Financing Auth | ||||
Sub RB (District #14) Series 2015A | 5.00% | 10/01/31 (a) | 3,880,000 | 4,100,085 |
Los Angeles Community Facilities District #4 | ||||
Special Tax Refunding Bonds Series 2014 | 5.00% | 09/01/23 | 980,000 | 988,032 |
Los Angeles Dept of Airports | ||||
Sr Refunding RB Series 2018B | 5.00% | 05/15/32 (a) | 1,675,000 | 1,798,468 |
Sr Refunding RB Series 2018B | 5.00% | 05/15/33 (a) | 3,325,000 | 3,557,721 |
Sr. RB Series 2020C | 5.00% | 05/15/27 | 1,290,000 | 1,363,396 |
Sub Refunding RB Series 2021A | 5.00% | 05/15/28 | 1,250,000 | 1,336,381 |
Sub Refunding RB Series 2021A | 5.00% | 05/15/51 (a) | 1,500,000 | 1,548,707 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2001B | 2.15% | 07/01/34 (a)(f)(g) | 500,000 | 500,000 |
Power System RB Series 2001B6 | 1.55% | 07/01/34 (a)(f)(g) | 3,000,000 | 3,000,000 |
Power System RB Series 2015A | 5.00% | 07/01/30 (a) | 3,015,000 | 3,134,007 |
Water System RB Series 2022B | 5.00% | 07/01/47 (a) | 2,135,000 | 2,334,373 |
Los Angeles Development Auth | ||||
M/F Housing RB Series 2022F | 3.38% | 01/01/46 (a) | 3,250,000 | 3,186,017 |
Los Angeles Harbor Dept | ||||
RB Series 2014C | 5.00% | 08/01/31 (a) | 1,450,000 | 1,499,090 |
Refunding RB Series 2015A | 5.00% | 08/01/26 (a) | 850,000 | 894,418 |
Los Angeles Municipal Improvement Corp | ||||
Lease RB Series 2014A | 5.00% | 05/01/31 (a)(h) | 1,050,000 | 1,072,409 |
Los Osos Community Facilities Wastewater Assessment District #1 | ||||
Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/24 | 675,000 | 690,157 |
Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/26 | 740,000 | 783,826 |
Lynwood USD | ||||
GO Bonds Series E | 0.00% | 08/01/43 (a)(e) | 2,290,000 | 864,066 |
Madera Irrigation District | ||||
Water Refunding RB Series 2015 | 5.00% | 09/01/28 (a) | 2,205,000 | 2,335,273 |
Merced UHSD | ||||
GO Refunding Bonds Series 2015 | 0.00% | 08/01/49 (a)(e)(h) | 2,550,000 | 638,735 |
Modesto Irrigation District Financing Auth | ||||
Electric System RB Series 2015A | 5.00% | 10/01/26 (a) | 1,250,000 | 1,317,009 |
Northern California Energy Auth | ||||
Commodity Supply RB Series 2018 | 5.00% | 07/01/24 (f) | 3,000,000 | 3,044,242 |
Novato | ||||
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/24 | 100,000 | 100,930 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/25 | 150,000 | 152,670 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/26 | 150,000 | 153,959 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/27 | 200,000 | 207,319 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/28 (a) | 200,000 | 209,014 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/30 (a) | 140,000 | 148,993 |
Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/31 (a) | 285,000 | 298,681 |
Oakland | ||||
GO Refunding Bonds Series 2015A | 5.00% | 01/15/31 (a) | 620,000 | 654,866 |
Oakland USD | ||||
GO Bonds Series 2015A | 5.00% | 08/01/23 | 700,000 | 704,953 |
GO Bonds Series 2015A | 5.00% | 08/01/24 | 600,000 | 614,630 |
GO Bonds Series 2019A | 5.00% | 08/01/29 (a) | 1,500,000 | 1,645,049 |
GO Bonds Series 2019A | 5.00% | 08/01/31 (a) | 500,000 | 547,640 |
GO Refunding Bonds Series 2017C | 5.00% | 08/01/34 (a) | 2,000,000 | 2,171,757 |
Oakley Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/30 (a) | 500,000 | 554,328 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/31 (a) | 660,000 | 731,486 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/32 (a) | 350,000 | 387,585 |
Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/33 (a) | 725,000 | 801,350 |
Oceanside Successor Redevelopment Agency | ||||
Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/24 | 600,000 | 615,209 |
Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/25 | 225,000 | 235,063 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Oxnard | ||||
Lease Refunding RB Series 2018 | 5.00% | 06/01/33 (a) | 1,250,000 | 1,380,857 |
Lease Refunding RB Series 2018 | 5.00% | 06/01/34 (a) | 1,235,000 | 1,362,705 |
Lease Refunding RB Series 2018 | 5.00% | 06/01/35 (a) | 770,000 | 843,165 |
Oxnard Financing Auth | ||||
Wastewater Refunding RB Series 2014 | 5.00% | 06/01/23 | 500,000 | 502,168 |
Wastewater Refunding RB Series 2014 | 5.00% | 06/01/24 | 1,750,000 | 1,788,202 |
Oxnard SD | ||||
GO Bonds Series D | 5.00% | 08/01/31 (a)(h) | 1,365,000 | 1,430,772 |
GO Bonds Series D | 5.00% | 08/01/32 (a)(h) | 1,490,000 | 1,561,795 |
GO Bonds Series D | 5.00% | 08/01/33 (a)(h) | 1,685,000 | 1,766,191 |
Pacifica | ||||
Wastewater RB Series 2017 | 5.00% | 10/01/32 (a) | 1,030,000 | 1,126,967 |
Palm Springs USD | ||||
GO Refunding Bonds Series 2016 | 5.00% | 08/01/26 | 3,000,000 | 3,219,793 |
Palmdale SD | ||||
GO Bonds Series 2017B | 5.25% | 08/01/42 (a) | 2,500,000 | 2,677,533 |
Palo Alto | ||||
COP Series 2019A | 5.00% | 11/01/44 (a) | 2,000,000 | 2,153,827 |
Pasadena | ||||
Refunding COP Series 2015A | 5.00% | 02/01/26 (a) | 600,000 | 623,731 |
Peralta CCD | ||||
GO Bonds Series 2022B | 5.00% | 08/01/23 | 2,500,000 | 2,518,827 |
GO Bonds Series 2022B | 5.00% | 08/01/24 | 1,500,000 | 1,538,880 |
Perris Elementary SD | ||||
GO Bonds Series 2023 | 4.00% | 08/01/46 (a) | 1,635,000 | 1,559,519 |
GO Bonds Series 2023 | 5.00% | 08/01/47 (a) | 1,065,000 | 1,154,247 |
GO Bonds Series 2023 | 4.00% | 08/01/49 (a) | 1,670,000 | 1,558,009 |
Pico Rivera Public Financing Auth | ||||
Lease Refunding RB Series 2016 | 5.50% | 09/01/29 (a) | 350,000 | 382,722 |
Lease Refunding RB Series 2016 | 5.25% | 09/01/33 (a) | 800,000 | 867,005 |
Pleasant Hill Recreation & Park District | ||||
Refunding GO Bonds Series 2017 | 5.00% | 08/01/30 (a) | 770,000 | 840,828 |
Pleasant Valley SD | ||||
GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 2,000,000 | 2,249,300 |
Pomona | ||||
S/F Mortgage Refunding RB Series 1990B | 7.50% | 08/01/23 (h) | 55,000 | 55,956 |
Port of Oakland | ||||
Intermediate Lien Refunding RB Series 2021H | 5.00% | 05/01/26 | 1,750,000 | 1,822,485 |
Intermediate Lien Refunding RB Series 2021H | 5.00% | 05/01/28 | 1,250,000 | 1,340,510 |
Refunding RB Series 2017D | 5.00% | 11/01/27 | 1,895,000 | 2,018,118 |
Reedley | ||||
Water Refunding RB Series 2017 | 5.00% | 09/01/25 | 540,000 | 565,475 |
Richmond California Redevelopment Agency | ||||
Refunding RB Series 2021A | 4.00% | 09/01/24 | 300,000 | 303,229 |
Refunding RB Series 2021A | 4.00% | 09/01/26 | 400,000 | 409,493 |
Richmond Jt Powers Financing Auth | ||||
Refunding RB Series 2019B | 5.00% | 05/01/23 | 1,000,000 | 1,002,795 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Riverside Cnty | ||||
Lease Refunding RB Series 2015A | 5.00% | 11/01/25 (h) | 180,000 | 188,537 |
Lease Refunding RB Series 2015A | 5.00% | 11/01/25 | 1,020,000 | 1,073,455 |
Riverside Cnty Transportation Commission | ||||
Sales Tax RB Series 2013A | 5.25% | 06/01/24 (a)(h) | 710,000 | 713,812 |
Sr Lien Toll Refunding RB Series 2021B1 | 4.00% | 06/01/40 (a) | 4,000,000 | 3,823,972 |
Rosedale-Rio Bravo Water Storage District | ||||
Refunding RB Series 2020A | 5.00% | 01/01/24 | 500,000 | 506,898 |
Refunding RB Series 2020A | 5.00% | 01/01/25 | 545,000 | 561,712 |
Refunding RB Series 2020A | 5.00% | 01/01/26 | 825,000 | 865,460 |
Refunding RB Series 2020A | 5.00% | 01/01/28 | 810,000 | 881,080 |
Refunding RB Series 2020A | 5.00% | 01/01/29 | 855,000 | 945,790 |
Ross Valley Public Financing Auth | ||||
RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/27 (a) | 200,000 | 202,160 |
RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/43 (a) | 1,000,000 | 1,009,587 |
Sacramento Cnty | ||||
Airport System Sr Refunding RB Series 2020 | 5.00% | 07/01/34 (a) | 1,550,000 | 1,746,892 |
Refunding COP Series 2020 | 5.00% | 10/01/24 | 1,420,000 | 1,459,644 |
San Diego Assoc of Governments | ||||
Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (a) | 2,500,000 | 2,580,150 |
San Diego Cnty | ||||
RB (Sanford Burnham Institute) Series 2015A | 4.00% | 11/01/23 | 745,000 | 748,782 |
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/24 | 550,000 | 566,030 |
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/25 | 350,000 | 367,150 |
RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/26 (a) | 1,000,000 | 1,054,160 |
San Diego Cnty Regional Airport Auth | ||||
RB Series 2017B | 5.00% | 07/01/31 (a) | 1,360,000 | 1,430,980 |
Sub Airport RB Series 2017B | 5.00% | 07/01/29 (a) | 1,980,000 | 2,082,499 |
Sub Airport RB Series 2021B | 5.00% | 07/01/29 | 955,000 | 1,025,890 |
San Diego Cnty Regional Transportation Commission | ||||
Sales Tax RB Series 2008B | 2.21% | 04/01/38 (a)(f)(g) | 1,000,000 | 1,000,000 |
San Diego Unified Port District | ||||
Refunding RB Series 2013A | 5.00% | 09/01/23 | 550,000 | 554,345 |
Refunding RB Series 2013A | 5.00% | 09/01/25 (a) | 245,000 | 247,383 |
San Francisco Airport Commission | ||||
RB 2nd Series 2019E | 5.00% | 05/01/39 (a) | 2,450,000 | 2,552,127 |
RB 2nd Series 2019E | 5.00% | 05/01/40 (a) | 425,000 | 441,043 |
RB 2nd Series 2022A | 5.00% | 05/01/30 | 800,000 | 871,581 |
RB 2nd Series 2022A | 5.00% | 05/01/31 | 1,690,000 | 1,859,674 |
RB Series 2018G | 5.00% | 05/01/27 | 2,700,000 | 2,840,155 |
Refunding RB 2nd Series 2020A | 5.00% | 05/01/37 (a) | 3,500,000 | 3,707,104 |
San Francisco Public Utilities Commission | ||||
Water RB Series 2017A | 5.00% | 11/01/36 (a) | 2,000,000 | 2,046,849 |
San Francisco Successor Redevelopment Agency | ||||
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/23 | 265,000 | 266,974 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/25 (a) | 150,000 | 154,041 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/26 (a) | 165,000 | 169,746 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/28 (a) | 305,000 | 314,536 |
Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/29 (a) | 430,000 | 443,723 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
San Jacinto USD | ||||
GO Bonds Series 2017 | 5.00% | 08/01/34 (a) | 1,155,000 | 1,268,250 |
GO Bonds Series 2017 | 5.00% | 08/01/36 (a) | 925,000 | 1,002,092 |
San Joaquin Hills Transportation Corridor Agency Toll | ||||
Toll Road Sr. Lien Refunding RB Series 2021A | 4.00% | 01/15/50 (a) | 2,500,000 | 2,289,171 |
San Mateo Cnty CCD | ||||
GO Refunding Bonds Series 2018 | 5.00% | 09/01/39 (a) | 1,045,000 | 1,149,811 |
GO Refunding Bonds Series 2018 | 5.00% | 09/01/40 (a) | 1,150,000 | 1,260,294 |
San Mateo Foster City Public Finance Auth | ||||
RB Series 2020A | 5.00% | 05/01/36 (a) | 400,000 | 437,881 |
RB Series 2020A | 5.00% | 05/01/37 (a) | 250,000 | 272,002 |
Sanger Public Financing Auth | ||||
Lease RB Series 2020A | 4.00% | 02/01/40 (a) | 750,000 | 732,801 |
Santa Cruz Cnty Capital Financing Auth | ||||
Lease RB Series 2014 | 3.00% | 08/01/24 | 175,000 | 174,733 |
Lease RB Series 2014 | 5.00% | 08/01/25 (a) | 175,000 | 179,414 |
Lease RB Series 2014 | 5.00% | 08/01/26 (a) | 165,000 | 169,069 |
Lease RB Series 2014 | 5.00% | 08/01/27 (a) | 320,000 | 327,624 |
Santa Monica Public Financing Auth | ||||
Lease RB Series 2018 | 5.00% | 07/01/35 (a) | 575,000 | 626,737 |
Santa Rosa HSD | ||||
GO Bonds Series 2018C | 5.00% | 08/01/35 (a) | 100,000 | 107,140 |
Sierra View Healthcare District | ||||
RB Series 2019 | 5.00% | 07/01/24 | 915,000 | 929,208 |
RB Series 2019 | 4.00% | 07/01/25 | 1,270,000 | 1,275,844 |
Refunding RB Series 2020 | 4.00% | 07/01/26 | 300,000 | 303,112 |
Refunding RB Series 2020 | 5.00% | 07/01/27 | 630,000 | 665,862 |
Refunding RB Series 2020 | 5.00% | 07/01/30 | 645,000 | 702,631 |
South Placer Wastewater Auth | ||||
Wastewater Refunding RB Series 2020 | 5.00% | 11/01/34 | 1,000,000 | 1,192,227 |
Southern California Metropolitan Water District | ||||
Water Refunding RB Series 2016A | 5.00% | 07/01/34 (a)(h) | 390,000 | 413,472 |
Water Refunding RB Series 2022B | 3.00% | 07/01/28 | 5,000,000 | 5,102,714 |
Southern California Public Power Auth | ||||
Refunding RB Series 2020-1 | 5.00% | 07/01/30 (a) | 3,000,000 | 3,042,623 |
Susanville Natural Gas | ||||
Natural Gas Refunding RB Series 2019 | 3.00% | 06/01/25 | 575,000 | 572,823 |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/28 (a) | 615,000 | 645,316 |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/30 (a) | 680,000 | 715,300 |
Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/33 (a) | 580,000 | 610,315 |
Tobacco Securitization Auth of Northern California | ||||
Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021A1 | 4.00% | 06/01/49 (a) | 1,000,000 | 899,185 |
Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021B1 | 4.00% | 06/01/49 (a) | 200,000 | 190,000 |
Truckee Donner Public Utility District | ||||
Water System Refunding RB Series 2015 | 4.00% | 11/15/23 | 655,000 | 658,833 |
Water System Refunding RB Series 2015 | 4.00% | 11/15/24 | 680,000 | 689,114 |
Water System Refunding RB Series 2015 | 4.00% | 11/15/25 | 710,000 | 726,020 |
Water System Revenue COP Series 2022A | 5.00% | 11/15/52 (a) | 3,925,000 | 4,289,357 |
Upland | ||||
COP (San Antonio Regional Hospital) Series 2017 | 5.00% | 01/01/24 | 1,200,000 | 1,212,418 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Val Verde USD | ||||
GO Bonds Series 2021B | 4.00% | 08/01/24 | 500,000 | 505,864 |
Vernon | ||||
Electric System RB Series 2021A | 5.00% | 10/01/26 | 2,000,000 | 2,086,366 |
Victorville | ||||
Electric RB Series 2022A | 5.00% | 05/01/30 | 500,000 | 543,750 |
Electric RB Series 2022A | 5.00% | 05/01/32 | 500,000 | 550,970 |
West Contra Costa USD | ||||
GO Bonds Series 2002C | 0.00% | 08/01/24 (e) | 2,885,000 | 2,740,859 |
West Hills CCD | ||||
GO Refunding Bonds Series 2016B | 5.00% | 08/01/25 | 320,000 | 333,216 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/26 | 450,000 | 477,532 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/30 (a) | 595,000 | 639,916 |
GO Refunding Bonds Series 2016B | 5.00% | 08/01/31 (a) | 635,000 | 682,841 |
396,990,646 | ||||
GUAM 0.8% | ||||
Guam Power Auth | ||||
Refunding RB Series 2022A | 5.00% | 10/01/32 | 2,000,000 | 2,208,837 |
Refunding RB Series 2022A | 5.00% | 10/01/39 (a) | 1,190,000 | 1,252,538 |
3,461,375 | ||||
PUERTO RICO 0.8% | ||||
Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Auth | ||||
Hospital Refunding RB Series 2021 | 5.00% | 07/01/28 | 700,000 | 748,356 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/30 | 550,000 | 601,366 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/31 | 825,000 | 909,715 |
Hospital Refunding RB Series 2021 | 5.00% | 07/01/33 (a) | 775,000 | 847,043 |
3,106,480 | ||||
Total Municipal Securities (Cost $414,751,662) | 403,558,501 | |||
Total Investments in Securities (Cost $414,751,662) | 403,558,501 |
(a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(b) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(c) | Variable rate security; rate shown is effective rate at period end. |
(d) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
(e) | Zero coupon bond. |
(f) | Credit-enhanced or liquidity-enhanced. |
(g) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
(h) | Refunded bond. |
BAN — | Bond anticipation note |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
HSD — | High school district |
M/F — | Multi-family |
RB — | Revenue bond |
S/F — | Single-family |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
TOB — | Tender option bond |
UHSD — | Union high school district |
USD — | Unified school district |
VRDN — | Variable rate demand note |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $403,558,501 | $— | $403,558,501 |
Total | $— | $403,558,501 | $— | $403,558,501 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $414,751,662) | $403,558,501 | |
Cash | 1,203,220 | |
Receivables: | ||
Interest | 4,348,991 | |
Fund shares sold | 251,073 | |
Prepaid expenses | + | 12,845 |
Total assets | 409,374,630 | |
Liabilities | ||
Payables: | ||
Fund shares redeemed | 798,158 | |
Distributions to shareholders | 376,234 | |
Investment adviser fees | 62,728 | |
Shareholder service fees | 56,877 | |
Independent trustees’ fees | 179 | |
Accrued expenses | + | 72,261 |
Total liabilities | 1,366,437 | |
Net assets | $408,008,193 | |
Net Assets by Source | ||
Capital received from investors | $433,163,900 | |
Total distributable loss | + | (25,155,707) |
Net assets | $408,008,193 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$408,008,193 | 37,317,496 | $10.93 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $5,741,288 | |
Expenses | ||
Investment adviser and administrator fees | 442,993 | |
Shareholder service fees | 298,149 | |
Portfolio accounting fees | 47,261 | |
Professional fees | 21,183 | |
Registration fees | 13,372 | |
Independent trustees’ fees | 6,276 | |
Shareholder reports | 5,759 | |
Custodian fees | 4,193 | |
Transfer agent fees | 712 | |
Other expenses | + | 3,397 |
Total expenses | 843,295 | |
Expense reduction | – | 77,864 |
Net expenses | – | 765,431 |
Net investment income | 4,975,857 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (5,523,057) | |
Net realized gains on futures contracts | + | 259,290 |
Net realized losses | (5,263,767) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 2,165,391 |
Net realized and unrealized losses | (3,098,376) | |
Increase in net assets resulting from operations | $1,877,481 |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income | $4,975,857 | $8,143,788 | |
Net realized losses | (5,263,767) | (8,667,778) | |
Net change in unrealized appreciation (depreciation) | + | 2,165,391 | (38,196,409) |
Increase (decrease) in net assets resulting from operations | $1,877,481 | ($38,720,399) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($4,971,200) | ($10,507,043) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 6,746,484 | $73,377,159 | 14,257,320 | $162,492,017 | |
Shares reinvested | 281,393 | 3,056,980 | 581,738 | 6,790,680 | |
Shares redeemed | + | (7,833,598) | (85,181,633) | (17,919,503) | (204,696,513) |
Net transactions in fund shares | (805,721) | ($8,747,494) | (3,080,445) | ($35,413,816) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 38,123,217 | $419,849,406 | 41,203,662 | $504,490,664 | |
Total decrease | + | (805,721) | (11,841,213) | (3,080,445) | (84,641,258) |
End of period | 37,317,496 | $408,008,193 | 38,123,217 | $419,849,406 |
9/1/22– 2/28/23* | 9/1/21– 8/31/22 | 9/1/20– 8/31/211 | 3/1/20– 8/31/202 | 3/1/19– 2/29/20 | 3/1/18– 2/28/19 | 3/1/17– 2/28/18 | |
Per-Share Data | |||||||
Net asset value at beginning of period | $9.20 | $10.64 | $10.42 | $11.25 | $10.61 | $10.63 | $10.44 |
Income (loss) from investment operations: | |||||||
Net investment income (loss)3 | 0.17 | 0.27 | 0.32 | 0.20 | 0.38 | 0.40 | 0.36 |
Net realized and unrealized gains (losses) | (0.24) | (1.43) | 0.23 | (0.83) | 0.73 | 0.01 | 0.20 |
Total from investment operations | (0.07) | (1.16) | 0.55 | (0.63) | 1.11 | 0.41 | 0.56 |
Less distributions: | |||||||
Distributions from net investment income | (0.16) | (0.28) | (0.26) | (0.20) | (0.38) | (0.41) | (0.35) |
Distributions from net realized gains | — | — | (0.07) | — | (0.09) | (0.02) | (0.02) |
Total distributions | (0.16) | (0.28) | (0.33) | (0.20) | (0.47) | (0.43) | (0.37) |
Redemption fees3 | — | — | —4 | 0.005 | 0.005 | 0.005 | 0.005 |
Net asset value at end of period | $8.97 | $9.20 | $10.64 | $10.42 | $11.25 | $10.61 | $10.63 |
Total return | (0.69%)6 | (11.10%) | 5.36% | (5.56%)6 | 10.71% | 3.93% | 5.42% |
Ratios/Supplemental Data | |||||||
Ratios to average net assets: | |||||||
Net operating expenses | 0.50%7 | 0.50%8 | 0.58%9 | 0.73%7,10 | 0.75% | 0.75% | 0.92%11 |
Gross operating expenses | 0.67%7 | 0.55%8 | 0.70% | 0.90%7 | 0.78% | 0.76% | 0.88%12 |
Net investment income (loss) | 3.84%7 | 2.63% | 2.99% | 3.81%7 | 3.48% | 3.80% | 3.30% |
Portfolio turnover rate | 57%6 | 126% | 83% | 36%6 | 27% | 18% | 11% |
Net assets, end of period (x 1,000) | $37,589 | $48,588 | $69,314 | $66,290 | $82,969 | $77,029 | $118,300 |
* | Unaudited. |
1 | Effective July 1, 2021, the Schwab High Yield Municipal Bond Fund changed its name to Schwab Opportunistic Municipal Bond Fund. |
2 | Effective August 10, 2020, the Wasmer Schroeder High Yield Municipal Fund was reorganized into the Schwab Opportunistic Municipal Bond Fund (formerly, Schwab High Yield Municipal Bond Fund), which commenced operations on that day. The Financial Highlights above present the shares of the Wasmer Schroeder High Yield Municipal Fund prior to the acquisition date of August 10, 2020 and Schwab Opportunistic Municipal Bond Fund subsequent to that date. |
3 | Calculated based on the average shares outstanding during the period. |
4 | Effective July 1, 2021, redemption fees were eliminated. |
5 | Amount is less than $0.01 per share. |
6 | Not annualized. |
7 | Annualized. |
8 | Ratio includes less than 0.005% of non-routine proxy expenses. |
9 | Effective July 1, 2021, the net operating expense limitation was lowered from 0.60% to 0.50%. The ratio presented for the year ended August 31, 2021 is a blended ratio. |
10 | Effective August 10, 2020, the net operating expense limitation was lowered from 0.75% to 0.60%. The ratio presented for the period ended August 31, 2020 is a blended ratio. |
11 | Includes predecessor adviser recoupment of previously waived fees. |
12 | Excludes predecessor adviser recoupment of previously waived fees. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 98.4% OF NET ASSETS | ||||
ALABAMA 2.7% | ||||
Black Belt Energy Gas District | ||||
Gas Supply RB Series 2022D1 | 4.00% | 07/01/52 (a)(b) | 1,000,000 | 999,795 |
ARIZONA 1.9% | ||||
La Paz Cnty Industrial Development Auth | ||||
Education Facility Lease RB (Harmony Public Schools) Series 2018A | 5.00% | 02/15/38 (b) | 700,000 | 703,926 |
CALIFORNIA 1.6% | ||||
California Infrastructure & Economic Development Bank | ||||
RB (Brightline Passenger Rail) Series 2020A | 3.65% | 01/01/50 (a)(b) | 285,000 | 283,956 |
Chino Valley USD | ||||
GO Bonds Series 2022C | 0.00% | 08/01/39 (b)(c) | 600,000 | 296,077 |
580,033 | ||||
COLORADO 3.8% | ||||
Colorado Health Facilities Auth | ||||
RB (Intermountain Healthcare) Series 2022A | 5.00% | 05/15/47 (b) | 200,000 | 212,766 |
Denver | ||||
Airport System RB Series 2022A | 4.13% | 11/15/53 (b) | 500,000 | 458,138 |
Park Creek Metropolitan District | ||||
Sr LT RB Series 2019A | 4.00% | 12/01/34 (b) | 745,000 | 769,129 |
1,440,033 | ||||
CONNECTICUT 1.4% | ||||
Connecticut Health & Educational Facilities Auth | ||||
RB (Sacred Heart Univ) Series L | 5.00% | 07/01/47 (b) | 500,000 | 522,048 |
FLORIDA 8.2% | ||||
Halifax Hospital Medical Center | ||||
Hospital Revenue & Refunding Bonds Series 2016 | 5.00% | 06/01/36 (b) | 500,000 | 514,227 |
Lake Worth Beach | ||||
Consolidated Utility RB Series 2022 | 4.00% | 10/01/52 (b) | 500,000 | 456,866 |
Lee Cnty Industrial Development Auth | ||||
Healthcare Facilities Improvement RB (Shell Point Alliance) Series 2019 | 5.00% | 11/15/49 (b) | 500,000 | 475,237 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Miami-Dade Cnty | ||||
Refunding RB Series 2022A | 5.25% | 10/01/52 (b) | 750,000 | 783,026 |
Pompano Beach | ||||
RB (John Knox Village) Series 2021A | 4.00% | 09/01/51 (b) | 500,000 | 368,592 |
Tampa | ||||
RB (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/53 (b)(c) | 250,000 | 52,415 |
Revenue & Refunding Bonds (Univ of Tampa) Series 2020A | 4.00% | 04/01/50 (b) | 500,000 | 444,135 |
3,094,498 | ||||
GUAM 1.3% | ||||
Guam Waterworks Auth | ||||
Water & Wastewater System Refunding RB Series 2014A | 5.00% | 07/01/35 (b) | 500,000 | 503,874 |
ILLINOIS 2.3% | ||||
Chicago | ||||
2nd Lien Water RB Series 2014 | 5.00% | 11/01/44 (b) | 500,000 | 501,543 |
Northern Illinois Univ | ||||
Auxiliary Facilities System RB Series 2021 | 4.00% | 10/01/43 (a)(b) | 400,000 | 370,523 |
872,066 | ||||
LOUISIANA 2.6% | ||||
Louisiana Public Facilities Auth | ||||
RB Series 2020A | 4.00% | 04/01/50 (b)(d) | 60,000 | 64,462 |
Revenue & Refunding Bonds (Ochsner Clinic) Series 2017 | 5.00% | 05/15/42 (b) | 500,000 | 509,081 |
Louisiana Stadium & Exposition District | ||||
BAN 2021 | 4.00% | 07/03/23 (b) | 400,000 | 400,079 |
973,622 | ||||
MARYLAND 2.8% | ||||
Baltimore Cnty | ||||
Metropolitan District GO Bonds 78th Issue | 5.00% | 02/01/46 (b) | 500,000 | 518,010 |
Maryland Economic Development Corp | ||||
Refunding RB (Transportation Facilities) Series 2017A | 5.00% | 06/01/35 (b) | 500,000 | 522,295 |
1,040,305 | ||||
MASSACHUSETTS 2.2% | ||||
Massachusetts Development Finance Agency | ||||
RB (Boston Medical Center) Series 2023G | 5.25% | 07/01/52 (b) | 500,000 | 521,270 |
RB (Southcoast Health System) Series 2021G | 5.00% | 07/01/50 (b) | 300,000 | 303,515 |
824,785 | ||||
MICHIGAN 1.4% | ||||
Great Lakes Water Auth | ||||
Water System Sr. Lien RB Series 2022B | 5.25% | 07/01/47 (b) | 500,000 | 534,678 |
MINNESOTA 10.0% | ||||
South Central Minnesota Multi-Cnty Hsg & Redevelopment Auth | ||||
Pooled Housing Development RB Series 1993 | 4.36% | 02/01/00 (e) | 15,000 | 5,550 |
Pooled Housing Development RB Series 1993 | 4.71% | 02/01/02 (e) | 30,000 | 11,100 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Pooled Housing Development RB Series 1993 | 4.91% | 02/01/05 (e) | 20,000 | 7,400 |
Pooled Housing Development RB Series 1993 | 4.95% | 02/01/06 (e) | 20,000 | 7,400 |
Pooled Housing Development RB Series 1993 | 5.03% | 02/01/07 (e) | 65,000 | 24,050 |
Pooled Housing Development RB Series 1993 | 5.05% | 02/01/08 (e) | 10,000 | 3,700 |
Pooled Housing Development RB Series 1993 | 5.23% | 02/01/17 (e) | 450,000 | 166,500 |
Pooled Housing Development RB Series 1993 | 5.58% | 02/01/25 (b)(e) | 9,500,000 | 3,515,000 |
3,740,700 | ||||
NEW JERSEY 6.1% | ||||
New Jersey Turnpike Auth | ||||
RB Series 2022B | 4.50% | 01/01/48 (b) | 500,000 | 505,239 |
South Jersey Transportation Auth | ||||
Transportation System Refunding RB Series 2014A | 5.00% | 11/01/39 (b) | 1,000,000 | 999,513 |
Tobacco Settlement Financing Corp | ||||
Tobacco Settlement Bonds Series 2018A | 5.25% | 06/01/46 (b) | 750,000 | 775,268 |
2,280,020 | ||||
NEW YORK 16.7% | ||||
Metropolitan Transportation Auth | ||||
Transportation RB Series 2020C1 | 4.75% | 11/15/45 (b) | 500,000 | 491,373 |
Transportation RB Series 2020C1 | 5.25% | 11/15/55 (b) | 500,000 | 512,213 |
New York City | ||||
GO Bonds Fiscal 2021 Series F1 | 4.00% | 03/01/47 (b) | 545,000 | 515,245 |
GO Bonds Fiscal 2022 Series D1 | 5.50% | 05/01/46 (b) | 250,000 | 281,096 |
New York City Municipal Water Finance Auth | ||||
Water & Sewer System 2nd Resolution RB Fiscal 2014 Series AA3 | 2.45% | 06/15/49 (a)(b)(f) | 500,000 | 500,000 |
New York City Transitional Finance Auth | ||||
Future Tax Secured Sub Bonds Fiscal 2017 Series E1 | 5.00% | 02/01/43 (b) | 500,000 | 521,546 |
Future Tax Secured Sub Bonds Fiscal 2023 Series A1 | 4.00% | 08/01/48 (b) | 500,000 | 474,176 |
New York Liberty Development Corp | ||||
RB (Goldman Sachs Headquarters) Series 2005 | 5.25% | 10/01/35 | 500,000 | 561,468 |
New York State Dormitory Auth | ||||
RB (Northwell Health) Series 2022A | 5.00% | 05/01/52 (b) | 500,000 | 513,507 |
RB (Rochester Institute of Technology) Series 2022A | 5.00% | 07/01/41 (b) | 500,000 | 546,853 |
State Personal Income Tax RB Series 2017A | 4.00% | 02/15/36 (b) | 500,000 | 504,310 |
New York State Urban Development Corp | ||||
State Personal Income Tax RB Series 2020C | 5.00% | 03/15/47 (b) | 400,000 | 425,867 |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 223rd Series | 4.00% | 07/15/61 (b) | 500,000 | 435,933 |
6,283,587 | ||||
NORTH CAROLINA 2.0% | ||||
Charlotte | ||||
Airport RB (Charlotte Douglas Intl) Series 2021B | 4.00% | 07/01/51 (b) | 250,000 | 225,606 |
Greater Asheville Regional Airport Auth | ||||
Airport System RB Series 2022A | 5.50% | 07/01/52 (b) | 500,000 | 535,203 |
760,809 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
OKLAHOMA 1.2% | ||||
Oklahoma Development Finance Auth | ||||
Health System RB (OU Medicine) Series 2018B | 5.50% | 08/15/57 (b) | 500,000 | 452,354 |
OREGON 0.4% | ||||
Beaverton SD #48J | ||||
GO Bonds Series 2022A | 0.00% | 06/15/48 (a)(b)(c) | 500,000 | 143,176 |
PENNSYLVANIA 5.6% | ||||
Commonwealth Financing Auth | ||||
Tobacco Settlement RB Series 2018 | 5.00% | 06/01/35 (b) | 500,000 | 530,546 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2022B | 5.00% | 12/01/47 (b) | 500,000 | 531,800 |
Sub RB Series 2017B1 | 5.25% | 06/01/47 (b) | 250,000 | 259,630 |
Pennsylvania State Univ | ||||
RB Series 2022A | 5.25% | 09/01/52 (b) | 250,000 | 274,823 |
Philadelphia | ||||
Water & Wastewater RB Series 2019B | 5.00% | 11/01/54 (b) | 500,000 | 520,393 |
2,117,192 | ||||
SOUTH CAROLINA 3.5% | ||||
South Carolina Public Service Auth | ||||
RB Series 2022E | 5.75% | 12/01/47 (b) | 750,000 | 814,781 |
Revenue & Refunding Bonds Series 2016B | 5.00% | 12/01/56 (b) | 500,000 | 499,982 |
1,314,763 | ||||
SOUTH DAKOTA 1.4% | ||||
Tea Area SD #41-5 | ||||
GO Bonds Series 2022A | 5.00% | 08/01/47 (b) | 500,000 | 538,836 |
TENNESSEE 2.7% | ||||
Chattanooga Health Educational & Housing Facilities Board | ||||
Student Housing Refunding RB (CDFI Univ of Tennessee at Chattanooga) Series 2015 | 5.00% | 10/01/29 (b) | 500,000 | 503,948 |
Metropolitan Nashville Airport Auth | ||||
RB Series 2022B | 5.25% | 07/01/47 (b) | 500,000 | 524,112 |
1,028,060 | ||||
TEXAS 9.4% | ||||
Bullard ISD | ||||
ULT GO Bonds Series 2022 | 5.00% | 02/15/47 (a)(b) | 350,000 | 380,578 |
McKinney | ||||
Waterworks & Sewer System RB Series 2022 | 5.00% | 03/15/42 (b) | 400,000 | 439,661 |
New Hope Cultural Educational Facilities Corp | ||||
Education RB (Beta Academy) Series 2019A | 5.00% | 08/15/49 (b) | 500,000 | 451,206 |
Newark Higher Education Finance Corp | ||||
Education RB (The Hughen Center) Series 2022A | 5.00% | 08/15/57 (a)(b) | 500,000 | 521,460 |
North Texas Tollway Auth | ||||
1st Tier System Revenue & Refunding Bonds Series 2017A | 5.00% | 01/01/43 (b) | 500,000 | 522,326 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Plano ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/25 | 400,000 | 414,709 |
Texas Transportation Commission | ||||
Central Texas Turnpike System 2nd Tier Refunding RB Series 2015C | 5.00% | 08/15/34 (b) | 800,000 | 813,014 |
3,542,954 | ||||
VIRGINIA 2.2% | ||||
Lynchburg Economic Development Auth | ||||
Hospital Refunding RB (Centra Health) Series 2017B | 2.60% | 01/01/47 (a)(b)(f) | 335,000 | 335,000 |
Hospital Refunding RB (Centra Health) Series 2021 | 4.00% | 01/01/40 (b) | 520,000 | 483,793 |
818,793 | ||||
WASHINGTON 3.8% | ||||
East Pierce Fire & Rescue | ||||
ULT GO Bonds Series 2022 | 5.00% | 12/01/38 (b) | 800,000 | 891,345 |
Port Vancouver Washington | ||||
LT GO Bonds Series 2022A | 5.00% | 12/01/33 (b) | 500,000 | 550,561 |
1,441,906 | ||||
WISCONSIN 1.2% | ||||
Wisconsin Health & Educational Facilities Auth | ||||
RB (Woodland Hill Sr Housing) Series 2014 | 5.25% | 12/01/49 (b) | 500,000 | 430,178 |
Total Municipal Securities (Cost $39,029,232) | 36,982,991 | |||
Total Investments in Securities (Cost $39,029,232) | 36,982,991 |
(a) | Credit-enhanced or liquidity-enhanced. |
(b) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(c) | Zero coupon bond. |
(d) | Refunded bond. |
(e) | The securities are in default and are not making full payments of interest and principal when due. The underlying properties were sold and the bond trustee collected sales proceeds from the underlying properties. A substantial distribution to bond holders occurred on or about April 13, 2023, with residual distributions to be paid in 2024 and possibly 2025. Due to the sale of the underlying properties, accruals for interest were suspended. Previously, the securities were making semiannual distributions of variable amounts of cash flow. These amounts were determined by factors including, but not limited to, property occupancy levels, per unit rental rates, capital reinvestment expenses, and county tax levy payments. The coupon accrual rate utilized by the fund was reviewed at least semiannually and was generally based on interest payments received historically along with any known changes in the previously mentioned factors. |
(f) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
BAN — | Bond anticipation note |
GO — | General obligation |
ISD — | Independent school district |
LT — | Limited tax |
RB — | Revenue bond |
SD — | School district |
ULT — | Unlimited tax |
USD — | Unified school district |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $36,982,991 | $— | $36,982,991 |
Total | $— | $36,982,991 | $— | $36,982,991 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $39,029,232) | $36,982,991 | |
Cash | 51,602 | |
Receivables: | ||
Interest | 644,611 | |
Fund shares sold | 28,100 | |
Prepaid expenses | + | 9,815 |
Total assets | 37,717,119 | |
Liabilities | ||
Payables: | ||
Fund shares redeemed | 40,683 | |
Distributions to shareholders | 36,583 | |
Investment adviser fees | 6,121 | |
Independent trustees’ fees | 157 | |
Accrued expenses | + | 44,447 |
Total liabilities | 127,991 | |
Net assets | $37,589,128 | |
Net Assets by Source | ||
Capital received from investors | $45,181,779 | |
Total distributable loss | + | (7,592,651) |
Net assets | $37,589,128 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$37,589,128 | 4,192,778 | $8.97 | ||
For the period September 1, 2022 through February 28, 2023; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $891,278 | |
Expenses | ||
Investment adviser and administrator fees | 82,114 | |
Portfolio accounting fees | 15,747 | |
Professional fees | 14,556 | |
Registration fees | 11,581 | |
Independent trustees’ fees | 5,562 | |
Shareholder reports | 3,211 | |
Custodian fees | 1,396 | |
Transfer agent fees | 877 | |
Other expenses | + | 1,510 |
Total expenses | 136,554 | |
Expense reduction | – | 33,757 |
Net expenses | – | 102,797 |
Net investment income | 788,481 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (2,307,364) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 781,829 |
Net realized and unrealized losses | (1,525,535) | |
Decrease in net assets resulting from operations | ($737,054) |
OPERATIONS | |||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||
Net investment income | $788,481 | $1,634,539 | |
Net realized losses | (2,307,364) | (2,561,194) | |
Net change in unrealized appreciation (depreciation) | + | 781,829 | (6,054,888) |
Decrease in net assets from operations | ($737,054) | ($6,981,543) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($746,812) | ($1,675,306) |
TRANSACTIONS IN FUND SHARES | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 737,843 | $6,623,611 | 3,399,370 | $34,667,631 | |
Shares reinvested | 46,344 | 413,551 | 83,181 | 830,520 | |
Shares redeemed | + | (1,871,651) | (16,552,398) | (4,719,224) | (47,566,667) |
Net transactions in fund shares | (1,087,464) | ($9,515,236) | (1,236,673) | ($12,068,516) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
9/1/22-2/28/23 | 9/1/21-8/31/22 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 5,280,242 | $48,588,230 | 6,516,915 | $69,313,595 | |
Total decrease | + | (1,087,464) | (10,999,102) | (1,236,673) | (20,725,365) |
End of period | 4,192,778 | $37,589,128 | 5,280,242 | $48,588,230 |
SCHWAB INVESTMENTS (ORGANIZED OCTOBER 26, 1990) | |
Schwab Tax-Free Bond Fund | Schwab U.S. Aggregate Bond Index Fund |
Schwab California Tax-Free Bond Fund | Schwab Short-Term Bond Index Fund |
Schwab Opportunistic Municipal Bond Fund | Schwab 1000 Index® Fund |
Schwab Treasury Inflation Protected Securities Index Fund | Schwab Global Real Estate Fund |
2. Significant Accounting Policies:
3. Credit and Liquidity Enhancements:
4. Risk Factors:
5. Affiliates and Affiliated Transactions:
PURCHASE COST | SALE PROCEEDS | REALIZED GAINS (LOSSES) | |
Schwab Tax-Free Bond Fund | $— | $12,845,153 | $0 |
Schwab California Tax-Free Bond Fund | 3,901,517 | 1,901,106 | 0 |
Schwab Opportunistic Municipal Bond Fund | — | 1,200,558 | 0 |
6. Board of Trustees:
8. Derivatives:
NOTIONAL AMOUNTS | NUMBER OF CONTRACTS | |
Schwab Tax-Free Bond Fund | $— | — |
Schwab California Tax-Free Bond Fund | 642,737 | 5 |
Schwab Opportunistic Municipal Bond Fund | — | — |
9. Purchases and Sales/Maturities of Investment Securities:
PURCHASES OF SECURITIES | SALES/MATURITIES OF SECURITIES | |
Schwab Tax-Free Bond Fund | $291,716,854 | $241,363,487 |
Schwab California Tax-Free Bond Fund | 86,369,111 | 94,167,207 |
Schwab Opportunistic Municipal Bond Fund | 23,593,414 | 32,823,962 |
10. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab Tax-Free Bond Fund | $595,228,064 | $5,136,253 | ($16,604,232) | ($11,467,979) |
Schwab California Tax-Free Bond Fund | 415,029,733 | 1,492,652 | (12,963,884) | (11,471,232) |
Schwab Opportunistic Municipal Bond Fund | 39,029,232 | 160,681 | (2,206,922) | (2,046,241) |
Schwab Tax-Free Bond Fund | $— |
Schwab California Tax-Free Bond Fund | 8,678,510 |
Schwab Opportunistic Municipal Bond Fund | 3,589,018 |
PRIOR FISCAL YEAR END DISTRIBUTIONS | |||
TAX-EXEMPT INCOME | ORDINARY INCOME | LONG-TERM CAPITAL GAINS | |
Schwab Tax-Free Bond Fund | $13,141,181 | $966,096 | $2,008,917 |
Schwab California Tax-Free Bond Fund | 8,142,264 | 968,705 | 1,396,074 |
Schwab Opportunistic Municipal Bond Fund | 1,670,528 | 4,778 | — |
11. Subsequent Events:
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Michael J. Beer 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 105 | Director (2016 – 2019), Principal Funds, Inc. |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor. | 105 | None |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. | 105 | None |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 105 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 105 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 105 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 105 | None |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present), Chief Executive Officer (Aug. 2017 – present) and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 105 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 105 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Apr. 2019 – present), President (Nov. 2018 – present) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
Mark Fischer 1970 Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc. |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Vice President (Mar. 2022 – present) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Omar Aguilar 1970 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
Brett Wander 1961 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Senior Vice President and Chief Investment Officer (Jan. 2020 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), Schwab ETFs. |
Credit Ratings
Schwab Funds
Member SIPC®
Printed on recycled paper.
Item 2: Code of Ethics.
Not applicable to this semi-annual report.
Item 3: Audit Committee Financial Expert.
Not applicable to this semi-annual report.
Item 4: Principal Accountant Fees and Services.
Not applicable to this semi-annual report.
Item 5: Audit Committee of Listed Registrants.
Not applicable to this semi-annual report.
Item 6: Schedule of Investments.
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Jonathan de St. Paer and Registrant’s Chief Financial Officer, Dana Smith, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
(b) | During the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a) (1) | Code of ethics – not applicable to this semi-annual report. |
(2) |
(b) |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Investments – Schwab Taxable Bond Funds and Schwab Municipal Bond Funds
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer | ||
Date: | April 17, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the 1940 Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer | ||
Date: | April 17, 2023 | |
By: | /s/ Dana Smith | |
Dana Smith Chief Financial Officer | ||
Date: | April 17, 2023 |