| Moody's/
Standard &
Poor's
Rating(a)
|
| Principal
Amount (000's)
|
| Value
(Note1)
|
CORPORATE DEBT SECURITIES (Continued)
|
|
|
|
|
|
TRANSPORTATION (0.35%)
|
|
|
|
|
|
BNSF Funding Trust I, Co. Gty., (3M LIBOR + 2.350%), 6.613%, 12/15/55(b),(c)
| Baa2/A
|
| $ 250
|
| $ 243,408
|
Union Pacific Corp., Sr. Unsec. Notes, 3.839%, 03/20/60(b)
| A3/A-
|
| 503
|
| 412,215
|
|
|
|
|
| 655,623
|
TOTAL CORPORATE DEBT SECURITIES (Cost of $159,243,245)
|
|
|
|
| 153,263,753
|
|
ASSET-BACKED SECURITIES (12.85%)
|
|
|
|
|
|
Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.937%, 08/15/46, 144A(b)
| NA/A-
|
| 904
|
| 810,499
|
Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class A2, 5.300%, 06/21/28, 144A(b)
| Aaa/NA
|
| 73
|
|
72,945
|
Antares CLO, Ltd., Series 2017-1A, Class CR, (TSFR3M + 2.962%), 8.377%, 04/20/33, 144A(b),(e)
| NA/A
|
| 1,092
|
| 1,042,896
|
Apidos CLO XXXIX, Ltd., Series 2022-39A, Class A1, (TSFR3M + 1.300%), 6.712%, 04/21/35, 144A(b),(e)
| Aaa/AA+
|
| 950
|
|
945,171
|
Auxilior Term Funding LLC, Series 2023-1A, Class A2, 6.180%, 12/15/28, 144A(b)
| Aaa/NA
|
| 127
|
| 127,475
|
Avis Budget Rental Car Funding AESOP LLC, Series 2020-1A, Class A, 2.330%, 08/20/26, 144A(b)
| Aaa/NA
|
| 255
|
|
243,774
|
Blackbird Capital II Aircraft Lease, Ltd., Series 2021-1A, Class B, 3.446%, 07/15/46, 144A(b)
| Baa1/NA
|
| 289
|
| 239,617
|
Cerberus Loan Funding XXXVII LP, Series 2022-1A, Class A1, (TSFR3M + 1.780%), 7.174%, 04/15/34, 144A(b),(e)
| Aaa/NA
|
| 1,500
|
|
1,477,912
|
CF Hippolyta Issuer LLC, Series 2020-1, Class A1, 1.690%, 07/15/60, 144A(b)
| NA/A+
|
| 612
|
| 565,303
|
Chesapeake Funding II LLC, Series 2023-2A, Class A1, 6.160%, 10/15/35, 144A(b)
| Aaa/NA
|
| 146
|
|
147,400
|
Daimler Trucks Retail Trust, Series 2023-1, Class A3, 5.900%, 03/15/27(b)
| Aaa/NA
|
| 428
|
| 434,077
|
DataBank Issuer, Series 2021-2A, Class A2, 2.400%, 10/25/51, 144A(b)
| NA/NA
|
| 583
|
|
518,556
|
DB Master Finance LLC, Series 2021-1A, Class A2I, 2.045%, 11/20/51, 144A(b)
| NA/BBB
|
| 596
|
| 541,656
|
Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.662%, 04/25/51, 144A(b)
| NA/BBB+
|
| 538
|
|
476,016
|
Eaton Vance CLO, Ltd., Series 2020-1A, Class AR, (TSFR3M + 1.432%), 6.825%, 10/15/34, 144A(b),(e)
| NA/AAA
|
| 1,500
|
| 1,499,284
|
Flexential Issuer, Series 2021-1A, Class A2, 3.250%, 11/27/51, 144A(b)
| NA/NA
|
| 555
|
|
498,288
|
Ford Credit Auto Owner Trust, Series 2022-C, Class B, 5.030%, 02/15/28(b)
| Aaa/AA+
|
| 565
|
| 563,197
|
Fortress Credit Opportunities IX CLO, Ltd., Series 2017-9A, Class A1TR, (TSFR3M + 1.812%), 7.205%, 10/15/33, 144A(b),(e)
| NA/AAA
|
| 600
|
|
588,661
|
Golub Capital Partners CLO 36m, Ltd., Series 2018-36A, Class C, (TSFR3M + 2.362%), 7.754%, 02/05/31,
144A(b),(e)
| NA/A
|
| 2,250
|
| 2,159,622
|
Hilton Grand Vacations Trust, Series 2023-1A, Class A, 5.720%, 01/25/38, 144A(b)
| Aaa/AAA
|
| 92
|
|
93,332
|
ITE Rail Fund Levered LP, Series 2021-1A, Class A, 2.250%, 02/28/51, 144A(b)
| NA/A
|
| 177
|
| 155,501
|
IVY Hill Middle Market Credit Fund XII, Ltd., Series 12A, Class BR, (TSFR3M + 3.162%), 8.577%, 07/20/33, 144A(b),(e)
| NA/A-
|
| 866
|
|
826,332
|
Marlette Funding Trust, Series 2022-3A, Class A, 5.180%, 11/15/32, 144A(b)
| NA/NA
|
| 31
|
| 30,665
|
MCF CLO IX, Ltd., Series 2019-1A, Class A1R, (TSFR3M + 1.500%), 6.903%, 07/17/31, 144A(b),(e)
| NA/AAA
|
| 519
|
|
515,745
|
MF1, Ltd., Series 2021-FL7, Class AS, (TSFR1M + 1.564%), 6.923%, 10/16/36, 144A(b),(e)
| NA/NA
|
| 922
|
| 898,484
|
MF1, Ltd., Series 2022-FL8, Class C, (TSFR1M + 2.200%), 7.556%, 02/19/37, 144A(b),(e)
| NA/NA
|
| 448
|
|
429,862
|
Navient Private Education Refi Loan Trust, Series 2021-A, Class A, 0.840%, 05/15/69, 144A(b)
| NA/AAA
|
| 87
|
| 76,803
|
Neuberger Berman Loan Advisers CLO 47, Ltd., Series 2022-47A, Class A, (TSFR3M + 1.300%), 6.694%, 04/14/35, 144A(b),(e)
| Aaa/NA
|
| 937
|
|
929,508
|
New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1, 1.910%, 10/20/61, 144A(b)
| NA/A
|
| 1,063
|
| 930,613
|
PMT Issuer Trust - FMSR, Series 2021-FT1, Class A, (TSFR1M + 3.115%), 8.471%, 03/25/26, 144A(b),(e)
| NA/NA
|
| 566
|
|
558,398
|
Purewest Funding LLC, Series 2021-1, Class A1, 4.091%, 12/22/36, 144A(b)
| NA/NA
|
| 149
|
| 143,335
|
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.740%, 10/16/28(b)
| Aaa/AA+
|
| 352
|
|
346,685
|
SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A2A, 5.890%, 03/22/27, 144A(b)
| Aaa/AAA
|
| 192
|
| 192,669
|
Slam, Ltd., Series 2021-1A, Class A, 2.434%, 06/15/46, 144A(b)
| A1/NA
|
| 1,135
|
|
980,833
|
SMB Private Education Loan Trust, Series 2017-B, Class A2B, (TSFR1M + 0.864%), 6.226%, 10/15/35, 144A(b),(e)
| Aaa/AAA
|
| 194
|
| 192,933
|
Sofi Professional Loan Program LLC, Series 2017-C, Class B, 3.560%, 07/25/40, 144A(b),(e)
| NA/AA+
|
| 1,099
|
|
1,055,166
|
Tesla Auto Lease Trust, Series 2023-B, Class A3, 6.130%, 09/21/26, 144A(b)
| Aaa/NA
|
| 449
|
| 453,522
|
Textainer Marine Containers VII, Ltd., Series 2021-1A, Class A, 1.680%, 02/20/46, 144A(b)
| NA/A
|
| 797
|
|
698,561
|
TIF Funding II LLC, Series 2021-1A, Class A, 1.650%, 02/20/46, 144A(b)
| NA/A
|
| 424
|
| 364,206
|
United States Small Business Administration, Series 2010-20F, Class 1, 3.880%, 06/01/30
| Aaa/AA+
|
| 29
|
|
28,016
|
Willis Engine Structured Trust IV, Series 2018-A, Class A, 4.750%, 09/15/43, 144A(b),(g)
| NA/A
|
| 991
|
| 852,822
|
Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.104%, 05/15/46, 144A(b)
| NA/NA
|
| 614
|
| 515,283
|
TOTAL ASSET-BACKED SECURITIES (Cost of $25,648,683)
|
|
|
|
| 24,221,623
|
|
COMMERCIAL MORTGAGE-BACKED SECURITIES (0.69%)
|
|
|
|
|
|
BXHPP Trust, Series 2021-FILM, Class C, (TSFR1M + 1.214%), 6.576%, 08/15/36, 144A(e)
| NA/NA
|
| 167
|
|
149,681
|
COLT Mortgage Loan Trust, Series 2023-3, Class A2, 7.432%, 09/25/68, 144A(b),(g)
| NA/NA
|
| 262
|
| 265,921
|
New Residential Mortgage Loan Trust, Series 2021-NQ2R, Class A1, 0.941%, 10/25/58, 144A(b),(e)
| NA/NA
|
| 163
|
|
148,387
|
New Residential Mortgage Loan Trust, Series 2022-NQM1, Class A1, 2.277%, 04/25/61, 144A(b),(e)
| NA/NA
|
| 865
|
| 736,345
|
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost of $1,456,944)
|
|
|
|
| 1,300,334
|
|
RESIDENTIAL MORTGAGE-BACKED SECURITIES (0.10%)
|
|
|
|
|
|
FHLMC Pool #A15675, 6.000%, 11/01/33
| Aaa/AA+
|
| 28
|
| 29,282
|