American Century Investments®
Quarterly Portfolio Holdings
Global Bond Fund
January 31, 2023


Global Bond Fund - Schedule of Investments
JANUARY 31, 2023 (UNAUDITED)
Shares/
Principal Amount ($)		Value ($)
SOVEREIGN GOVERNMENTS AND AGENCIES — 29.0%
Australia — 0.9%
Australia Government Bond, 2.75%, 4/21/24
AUD3,192,000 2,241,328 
Australia Government Bond, 1.50%, 6/21/31
AUD6,500,000 3,925,054 
Australia Government Bond, 1.75%, 6/21/51
AUD5,500,000 2,441,867 
New South Wales Treasury Corp., 1.50%, 2/20/32
AUD5,800,000 3,257,112 
New South Wales Treasury Corp., 2.00%, 3/8/33
AUD6,000,000 3,430,742 
Treasury Corp. of Victoria, 4.25%, 12/20/32
AUD3,600,000 2,528,409 
Treasury Corp. of Victoria, 2.25%, 9/15/33
AUD6,900,000 3,974,953 
21,799,465 
Austria — 0.4%
Republic of Austria Government Bond, 0.75%, 10/20/26(1)
EUR4,192,000 4,268,674 
Republic of Austria Government Bond, 0.90%, 2/20/32(1)
EUR450,000 414,361 
Republic of Austria Government Bond, 4.15%, 3/15/37(1)
EUR3,939,000 4,883,098 
9,566,133 
Belgium — 0.4%
Kingdom of Belgium Government Bond, 4.25%, 3/28/41(1)
EUR3,716,000 4,663,715 
Kingdom of Belgium Government Bond, 1.60%, 6/22/47(1)
EUR5,586,000 4,509,894 
9,173,609 
Canada — 2.4%
Canadian Government Bond, 0.25%, 2/1/23
CAD5,000,000 3,757,619 
Canadian Government Bond, 3.00%, 11/1/24
CAD4,000,000 2,962,113 
Canadian Government Bond, 3.00%, 10/1/25
CAD3,000,000 2,226,816 
Canadian Government Bond, 0.25%, 3/1/26
CAD2,150,000 1,471,269 
Canadian Government Bond, 2.75%, 9/1/27
CAD2,500,000 1,856,150 
Canadian Government Bond, 2.25%, 6/1/29
CAD1,750,000 1,267,344 
Canadian Government Bond, 0.50%, 12/1/30
CAD11,300,000 7,080,303 
Canadian Government Bond, 1.50%, 6/1/31
CAD3,500,000 2,358,972 
Canadian Government Bond, 2.00%, 6/1/32
CAD1,000,000 695,750 
Canadian Government Bond, 2.75%, 12/1/48
CAD3,250,000 2,330,310 
Canadian Government Bond, 2.00%, 12/1/51
CAD5,300,000 3,221,785 
Province of British Columbia Canada, 2.85%, 6/18/25
CAD10,911,000 8,034,926 
Province of Quebec Canada, 3.00%, 9/1/23
CAD3,058,000 2,278,107 
Province of Quebec Canada, 5.75%, 12/1/36
CAD12,032,000 10,809,801 
Province of Quebec Canada, 3.50%, 12/1/48
CAD7,300,000 5,049,737 
55,401,002 
Chile†
Chile Government International Bond, 4.00%, 1/31/52
$1,425,000 1,161,086 
China — 0.3%
China Government Bond, 3.81%, 9/14/50
CNY36,000,000 5,812,161 
Colombia — 0.2%
Colombia Government International Bond, 7.50%, 2/2/34(2)
$3,642,000 3,603,599 
Czech Republic — 0.2%
Czech Republic Government Bond, 0.25%, 2/10/27
CZK138,700,000 5,271,810 
Denmark — 0.2%
Denmark Government Bond, 0.50%, 11/15/29
DKK35,000,000 4,491,500 
Finland — 0.8%
Finland Government Bond, 4.00%, 7/4/25(1)
EUR5,169,000 5,820,629 
Finland Government Bond, 0.125%, 4/15/36(1)
EUR11,000,000 8,345,704 
Finland Government Bond, 1.375%, 4/15/47(1)
EUR3,045,000 2,542,165 


Finland Government Bond, 0.125%, 4/15/52(1)
EUR1,100,000 594,728 
17,303,226 
France — 3.2%
French Republic Government Bond OAT, 1.75%, 11/25/24
EUR2,539,000 2,713,657 
French Republic Government Bond OAT, 0.75%, 11/25/28
EUR17,000,000 16,703,849 
French Republic Government Bond OAT, 5.50%, 4/25/29
EUR42,980 54,509 
French Republic Government Bond OAT, 0.00%, 11/25/29(3)
EUR21,650,000 19,761,899 
French Republic Government Bond OAT, 2.50%, 5/25/30
EUR3,845,000 4,164,645 
French Republic Government Bond OAT, 0.00%, 5/25/32(3)
EUR25,500,000 21,595,320 
French Republic Government Bond OAT, 5.75%, 10/25/32
EUR2,675,000 3,659,514 
French Republic Government Bond OAT, 3.25%, 5/25/45
EUR3,433,000 3,867,255 
French Republic Government Bond OAT, 0.75%, 5/25/52
EUR2,000,000 1,239,130 
73,759,778 
Germany — 2.1%
Bundesobligation, 0.00%, 4/16/27(3)
EUR11,500,000 11,342,936 
Bundesobligation, 1.30%, 10/15/27
EUR8,000,000 8,316,848 
Bundesrepublik Deutschland Bundesanleihe, 0.00%, 2/15/32(3)
EUR10,500,000 9,352,874 
Bundesrepublik Deutschland Bundesanleihe, 1.70%, 8/15/32
EUR8,100,000 8,411,371 
Bundesrepublik Deutschland Bundesanleihe, 1.00%, 5/15/38
EUR9,750,000 8,792,165 
Bundesrepublik Deutschland Bundesanleihe, 0.00%, 8/15/50(3)
EUR3,600,000 2,173,152 
48,389,346 
Greece — 0.1%
Hellenic Republic Government Bond, 1.50%, 6/18/30(1)
EUR2,500,000 2,287,591 
Indonesia — 1.5%
Indonesia Government International Bond, 3.50%, 2/14/50
$2,800,000 2,163,571 
Indonesia Treasury Bond, 6.375%, 4/15/32
IDR134,000,000,000 8,760,682 
Indonesia Treasury Bond, 7.00%, 2/15/33
IDR347,500,000,000 23,626,870 
34,551,123 
Ireland — 0.9%
Ireland Government Bond, 3.40%, 3/18/24
EUR6,186,000 6,788,191 
Ireland Government Bond, 1.10%, 5/15/29
EUR3,850,000 3,830,774 
Ireland Government Bond, 0.20%, 10/18/30
EUR1,500,000 1,359,698 
Ireland Government Bond, 0.40%, 5/15/35
EUR8,650,000 7,006,569 
Ireland Government Bond, 0.55%, 4/22/41
EUR1,500,000 1,066,015 
Ireland Government Bond, 1.50%, 5/15/50
EUR320,000 252,490 
20,303,737 
Italy — 2.2%
Italy Buoni Poliennali Del Tesoro, 2.00%, 12/1/25
EUR4,964,000 5,212,760 
Italy Buoni Poliennali Del Tesoro, 0.00%, 4/1/26(3)
EUR9,650,000 9,438,729 
Italy Buoni Poliennali Del Tesoro, 1.60%, 6/1/26
EUR3,000,000 3,082,042 
Italy Buoni Poliennali Del Tesoro, 0.25%, 3/15/28
EUR14,100,000 12,975,756 
Italy Buoni Poliennali Del Tesoro, 1.35%, 4/1/30
EUR3,550,000 3,269,165 
Italy Buoni Poliennali Del Tesoro, 0.60%, 8/1/31(1)
EUR1,000,000 827,033 
Italy Buoni Poliennali Del Tesoro, 2.50%, 12/1/32
EUR6,500,000 6,158,972 
Italy Buoni Poliennali Del Tesoro, 1.80%, 3/1/41(1)
EUR1,500,000 1,122,610 
Italy Buoni Poliennali Del Tesoro, 4.75%, 9/1/44(1)
EUR7,519,000 8,643,154 
Italy Buoni Poliennali Del Tesoro, 1.70%, 9/1/51(1)
EUR500,000 324,030 
51,054,251 
Japan — 3.5%
Japan Government Thirty Year Bond, 2.40%, 3/20/37
JPY231,950,000 2,102,509 
Japan Government Thirty Year Bond, 2.00%, 9/20/41
JPY1,234,500,000 10,543,719 
Japan Government Thirty Year Bond, 1.40%, 12/20/45
JPY1,673,400,000 12,651,189 
Japan Government Thirty Year Bond, 0.40%, 3/20/50
JPY700,000,000 4,011,742 
Japan Government Thirty Year Bond, 0.70%, 9/20/51
JPY1,350,000,000 8,338,552 


Japan Government Thirty Year Bond, 0.70%, 12/20/51
JPY1,790,000,000 11,015,506 
Japan Government Thirty Year Bond, 1.00%, 3/20/52
JPY297,300,000 1,985,986 
Japan Government Thirty Year Bond, 1.30%, 6/20/52
JPY380,000,000 2,734,060 
Japan Government Twenty Year Bond, 0.60%, 9/20/37
JPY1,222,000,000 8,786,885 
Japan Government Twenty Year Bond, 0.30%, 12/20/39
JPY1,078,800,000 7,103,917 
Japan Government Twenty Year Bond, 0.50%, 12/20/41
JPY831,000,000 5,504,590 
Japan Government Twenty Year Bond, 1.10%, 9/20/42
JPY835,000,000 6,125,599 
80,904,254 
Malaysia — 0.2%
Malaysia Government Bond, 4.70%, 10/15/42
MYR20,900,000 5,232,852 
Mexico — 1.5%
Mexican Bonos, 7.75%, 5/29/31
MXN584,000,000 29,343,437 
Mexico Government International Bond, 4.15%, 3/28/27
$2,700,000 2,672,866 
Mexico Government International Bond, 6.35%, 2/9/35
$1,828,000 1,944,620 
33,960,923 
Netherlands — 0.8%
Netherlands Government Bond, 0.50%, 7/15/26(1)
EUR7,389,000 7,508,026 
Netherlands Government Bond, 0.00%, 7/15/31(1)(3)
EUR9,000,000 7,934,200 
Netherlands Government Bond, 2.75%, 1/15/47(1)
EUR2,080,000 2,390,076 
17,832,302 
New Zealand — 1.0%
New Zealand Government Bond, 0.50%, 5/15/24
NZD36,479,000 22,328,716 
New Zealand Government Bond, 1.50%, 5/15/31
NZD2,750,000 1,458,469 
23,787,185 
Norway — 0.2%
Norway Government Bond, 2.00%, 5/24/23(1)
NOK43,725,000 4,367,796 
Norway Government Bond, 1.75%, 2/17/27(1)
NOK2,800,000 268,403 
4,636,199 
Philippines — 0.1%
Philippine Government International Bond, 6.375%, 10/23/34
$1,400,000 1,596,000 
Poland — 0.1%
Republic of Poland Government Bond, 1.75%, 4/25/32
PLN16,300,000 2,662,668 
Portugal — 0.2%
Portugal Obrigacoes do Tesouro OT, 0.90%, 10/12/35(1)
EUR1,000,000 818,496 
Portugal Obrigacoes do Tesouro OT, 4.10%, 2/15/45(1)
EUR2,350,000 2,770,742 
3,589,238 
Romania — 0.1%
Romanian Government International Bond, 6.00%, 5/25/34(1)
$2,000,000 1,966,464 
Saudi Arabia — 0.3%
Saudi Government International Bond, 4.75%, 1/18/28(1)
$3,243,000 3,289,375 
Saudi Government International Bond, 5.50%, 10/25/32(1)
$2,490,000 2,672,392 
5,961,767 
Singapore — 0.1%
Singapore Government Bond, 2.875%, 7/1/29
SGD4,240,000 3,206,302 
South Africa — 0.7%
Republic of South Africa Government Bond, 8.50%, 1/31/37
ZAR347,000,000 16,211,416 
Republic of South Africa Government International Bond, 5.875%, 6/22/30
$400,000 383,638 
16,595,054 
Spain — 1.1%
Spain Government Bond, 0.00%, 1/31/28(3)
EUR6,000,000 5,645,121 
Spain Government Bond, 5.15%, 10/31/28(1)
EUR1,263,000 1,531,673 
Spain Government Bond, 0.10%, 4/30/31(1)
EUR11,750,000 10,037,129 
Spain Government Bond, 1.85%, 7/30/35(1)
EUR2,200,000 2,012,458 
Spain Government Bond, 2.70%, 10/31/48(1)
EUR7,100,000 6,579,161 
25,805,542 


Sweden — 0.1%
Sweden Government Bond, 3.50%, 3/30/39(1)
SEK15,600,000 1,807,485 
Switzerland — 0.5%
Swiss Confederation Government Bond, 1.25%, 5/28/26
CHF5,902,000 6,489,281 
Swiss Confederation Government Bond, 2.50%, 3/8/36
CHF2,534,000 3,159,455 
Swiss Confederation Government Bond, 0.00%, 7/24/39(3)
CHF2,500,000 2,192,286 
11,841,022 
Thailand — 0.3%
Thailand Government Bond, 1.59%, 12/17/35
THB219,000,000 5,808,742 
United Kingdom — 2.4%
United Kingdom Gilt, 0.125%, 1/30/26
GBP7,000,000 7,901,681 
United Kingdom Gilt, 4.75%, 12/7/30
GBP3,600,000 4,891,591 
United Kingdom Gilt, 0.25%, 7/31/31
GBP10,300,000 9,851,926 
United Kingdom Gilt, 1.00%, 1/31/32
GBP9,500,000 9,557,987 
United Kingdom Gilt, 1.75%, 9/7/37
GBP12,500,000 12,100,697 
United Kingdom Gilt, 4.50%, 12/7/42
GBP954,000 1,300,457 
United Kingdom Gilt, 4.25%, 12/7/49
GBP3,720,000 4,948,694 
United Kingdom Gilt, 4.25%, 12/7/55
GBP3,780,000 5,146,006 
55,699,039 
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES
(Cost $767,522,399)
666,822,455 
CORPORATE BONDS — 22.2%
Aerospace and Defense — 0.2%
Lockheed Martin Corp., 5.25%, 1/15/33
1,259,000 1,344,378 
Raytheon Technologies Corp., 4.125%, 11/16/28
2,880,000 2,827,785 
4,172,163 
Air Freight and Logistics†
GXO Logistics, Inc., 2.65%, 7/15/31
1,016,000 799,201 
Airlines — 0.3%
American Airlines, Inc. / AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(1)
2,997,615 2,942,039 
British Airways Pass Through Trust, Series 2021-1, Class A, 2.90%, 9/15/36(1)
341,455 281,839 
Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.75%, 10/20/28(1)
1,555,000 1,515,957 
United Airlines Pass Through Trust, Series 2020-1, Class B, 4.875%, 7/15/27
1,169,900 1,141,197 
5,881,032 
Auto Components†
Aptiv PLC, 3.10%, 12/1/51
445,000 289,012 
Automobiles — 0.6%
Ford Motor Credit Co. LLC, 3.375%, 11/13/25
2,230,000 2,080,211 
Ford Motor Credit Co. LLC, 7.35%, 11/4/27
1,170,000 1,229,962 
Ford Motor Credit Co. LLC, 7.35%, 3/6/30
1,312,000 1,378,755 
General Motors Co., 5.15%, 4/1/38
620,000 563,371 
General Motors Financial Co., Inc., 2.75%, 6/20/25
3,618,000 3,415,523 
General Motors Financial Co., Inc., 2.40%, 10/15/28
1,037,000 889,152 
Toyota Motor Credit Corp., 4.625%, 1/12/28
2,304,000 2,328,502 
Volkswagen Financial Services NV, 1.125%, 9/18/23
GBP1,500,000 1,812,309 
13,697,785 
Banks — 6.5%
Abanca Corp. Bancaria SA, 0.75%, 5/28/29
EUR600,000 560,543 
Banco Santander SA, VRN, 1.72%, 9/14/27
1,400,000 1,230,110 
Banco Santander SA, VRN, 4.18%, 3/24/28
400,000 381,341 
Bank of America Corp., 2.30%, 7/25/25
GBP800,000 940,256 
Bank of America Corp., VRN, 3.38%, 4/2/26
2,450,000 2,370,591 
Bank of America Corp., VRN, 5.08%, 1/20/27
1,715,000 1,721,976 
Bank of America Corp., VRN, 6.20%, 11/10/28
370,000 390,426 
Bank of America Corp., VRN, 3.42%, 12/20/28
301,000 281,684 


Bank of America Corp., VRN, 2.88%, 10/22/30
2,217,000 1,945,546 
Bank of America Corp., VRN, 4.57%, 4/27/33
585,000 565,836 
Bank of America Corp., VRN, 5.02%, 7/22/33
809,000 809,224 
Bank of America Corp., VRN, 2.48%, 9/21/36
1,730,000 1,351,477 
Bank of Ireland Group PLC, VRN, 2.03%, 9/30/27(1)
664,000 580,891 
Bank of Ireland Group PLC, VRN, 2.375%, 10/14/29
EUR1,200,000 1,236,772 
Bank of New Zealand, 4.85%, 2/7/28(1)(2)
1,980,000 1,994,104 
Bank of Nova Scotia, 4.85%, 2/1/30(2)
1,215,000 1,218,209 
Banque Federative du Credit Mutuel SA, 0.25%, 7/19/28
EUR4,100,000 3,662,823 
Barclays PLC, 3.25%, 2/12/27
GBP600,000 687,218 
Barclays PLC, VRN, 1.375%, 1/24/26
EUR1,600,000 1,652,227 
Barclays PLC, VRN, 2.28%, 11/24/27
897,000 804,549 
Barclays PLC, VRN, 2.00%, 2/7/28
EUR2,000,000 2,173,929 
Barclays PLC, VRN, 1.125%, 3/22/31
EUR2,000,000 1,912,576 
BNP Paribas SA, VRN, 5.125%, 1/13/29(1)
1,130,000 1,140,081 
BNP Paribas SA, VRN, 2.00%, 5/24/31
GBP3,500,000 3,784,193 
BPCE SA, VRN, 5.98%, 1/18/27(1)
1,102,000 1,116,449 
Caixa Geral de Depositos SA, VRN, 0.375%, 9/21/27
EUR2,000,000 1,871,405 
CaixaBank SA, VRN, 2.75%, 7/14/28
EUR1,000,000 1,076,956 
CaixaBank SA, VRN, 2.25%, 4/17/30
EUR3,700,000 3,750,965 
Citigroup Inc., VRN, 3.06%, 1/25/33
2,160,000 1,851,901 
Citigroup, Inc., VRN, 3.07%, 2/24/28
1,372,000 1,276,080 
Citigroup, Inc., VRN, 3.67%, 7/24/28
265,000 251,179 
Citigroup, Inc., VRN, 3.52%, 10/27/28
1,786,000 1,674,346 
Commerzbank AG, 1.75%, 1/22/25
GBP700,000 801,493 
Commerzbank AG, VRN, 4.00%, 12/5/30
EUR2,500,000 2,622,057 
Cooperatieve Rabobank UA, VRN, 3.875%, 11/30/32
EUR2,000,000 2,107,811 
Credit Agricole SA, 5.30%, 7/12/28(1)
535,000 546,476 
Credit Mutuel Arkea SA, 1.125%, 5/23/29
EUR600,000 555,935 
European Financial Stability Facility, 0.40%, 5/31/26
EUR12,000,000 12,078,659 
European Financial Stability Facility, 2.35%, 7/29/44
EUR1,410,000 1,376,878 
European Union, 0.00%, 7/4/31(3)
EUR20,800,000 17,831,375 
FNB Corp., 2.20%, 2/24/23
1,160,000 1,157,464 
HSBC Holdings PLC, VRN, 1.75%, 7/24/27
GBP1,500,000 1,645,107 
HSBC Holdings PLC, VRN, 4.76%, 6/9/28
1,914,000 1,885,896 
HSBC Holdings PLC, VRN, 2.80%, 5/24/32
990,000 815,570 
HSBC Holdings PLC, VRN, 5.40%, 8/11/33
1,590,000 1,589,350 
Huntington National Bank, 5.65%, 1/10/30
870,000 906,006 
ING Groep NV, 2.125%, 1/10/26
EUR2,600,000 2,726,903 
Intesa Sanpaolo SpA, 4.75%, 9/6/27
EUR2,000,000 2,212,561 
JPMorgan Chase & Co., VRN, 2.95%, 2/24/28
2,506,000 2,326,755 
JPMorgan Chase & Co., VRN, 2.07%, 6/1/29
2,754,000 2,388,131 
JPMorgan Chase & Co., VRN, 2.52%, 4/22/31
941,000 805,026 
JPMorgan Chase & Co., VRN, 4.91%, 7/25/33
1,350,000 1,346,005 
KeyBank NA, 5.00%, 1/26/33
805,000 807,678 
La Banque Postale SA, VRN, 0.75%, 8/2/32
EUR4,500,000 4,030,390 
Lloyds Banking Group PLC, VRN, 1.875%, 1/15/26
GBP700,000 808,642 
Lloyds Banking Group PLC, VRN, 1.75%, 9/7/28
EUR800,000 856,275 
Lloyds Banking Group PLC, VRN, 1.99%, 12/15/31
GBP2,000,000 2,148,482 
NatWest Group PLC, VRN, 1.75%, 3/2/26
EUR500,000 517,359 
NatWest Group PLC, VRN, 2.11%, 11/28/31
GBP1,900,000 2,017,418 
PNC Financial Services Group Inc., VRN, 5.07%, 1/24/34
875,000 883,299 
Royal Bank of Canada, 0.625%, 9/10/25
EUR3,400,000 3,456,165 
Royal Bank of Canada, 6.00%, 11/1/27
1,610,000 1,701,632 
Santander UK PLC, 1.125%, 3/12/27
EUR6,000,000 6,001,808 


Skandinaviska Enskilda Banken AB, 0.05%, 7/1/24
EUR2,200,000 2,282,935 
Skandinaviska Enskilda Banken AB, 3.70%, 6/9/25(1)
3,603,000 3,509,038 
Societe Generale SA, 1.25%, 12/7/27
GBP2,500,000 2,582,213 
Societe Generale SA, VRN, 6.69%, 1/10/34(1)
414,000 442,981 
Svenska Handelsbanken AB, 0.125%, 6/18/24
EUR1,000,000 1,038,785 
Toronto-Dominion Bank, 2.00%, 9/10/31
858,000 703,370 
Toronto-Dominion Bank, 2.45%, 1/12/32
990,000 830,839 
Toronto-Dominion Bank, 4.46%, 6/8/32
1,096,000 1,076,254 
Truist Financial Corp., VRN, 4.12%, 6/6/28
985,000 963,982 
Truist Financial Corp., VRN, 5.12%, 1/26/34
745,000 755,578 
UniCredit SpA, VRN, 5.86%, 6/19/32(1)
4,370,000 4,065,408 
US Bancorp, VRN, 5.85%, 10/21/33
525,000 564,305 
US Bancorp, VRN, 4.84%, 2/1/34(2)
1,015,000 1,010,217 
Wells Fargo & Co., VRN, 4.54%, 8/15/26
735,000 728,125 
Wells Fargo & Co., VRN, 3.35%, 3/2/33
716,000 631,823 
Wells Fargo & Co., VRN, 3.07%, 4/30/41
1,495,000 1,166,983 
Wells Fargo & Co., VRN, 4.61%, 4/25/53
511,000 477,599 
150,050,904 
Beverages — 0.2%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 2/1/46
1,185,000 1,158,055 
Anheuser-Busch InBev SA, 1.65%, 3/28/31
EUR1,000,000 957,792 
Anheuser-Busch InBev Worldwide, Inc., 4.75%, 1/23/29
1,230,000 1,250,353 
Keurig Dr Pepper, Inc., 4.05%, 4/15/32
500,000 474,306 
PepsiCo, Inc., 3.90%, 7/18/32
443,000 433,085 
4,273,591 
Biotechnology — 0.2%
AbbVie, Inc., 3.20%, 11/21/29
1,260,000 1,172,306 
AbbVie, Inc., 4.40%, 11/6/42
990,000 915,595 
Amgen, Inc., 4.05%, 8/18/29
2,450,000 2,368,749 
4,456,650 
Building Products — 0.1%
Builders FirstSource, Inc., 5.00%, 3/1/30(1)
2,791,000 2,606,347 
Standard Industries, Inc., 4.375%, 7/15/30(1)
510,000 436,545 
3,042,892 
Capital Markets — 0.9%
Bank of New York Mellon Corp., VRN, 4.71%, 2/1/34
613,000 610,896 
Deutsche Bank AG, 2.625%, 12/16/24
GBP2,100,000 2,453,870 
Deutsche Bank AG, VRN, 4.30%, 5/24/28
2,058,000 2,011,990 
Goldman Sachs Group, Inc., 4.25%, 1/29/26
GBP1,400,000 1,707,206 
Goldman Sachs Group, Inc., VRN, 1.95%, 10/21/27
965,000 864,205 
Goldman Sachs Group, Inc., VRN, 2.64%, 2/24/28
955,000 876,090 
Goldman Sachs Group, Inc., VRN, 3.81%, 4/23/29
608,000 574,569 
Goldman Sachs Group, Inc., VRN, 1.99%, 1/27/32
1,405,000 1,125,491 
Golub Capital BDC, Inc., 2.50%, 8/24/26
384,000 336,968 
Morgan Stanley, VRN, 2.63%, 2/18/26
1,867,000 1,774,544 
Morgan Stanley, VRN, 5.12%, 2/1/29
406,000 410,734 
Morgan Stanley, VRN, 2.70%, 1/22/31
305,000 264,855 
Morgan Stanley, VRN, 2.51%, 10/20/32
950,000 785,229 
Morgan Stanley, VRN, 6.34%, 10/18/33
1,160,000 1,276,308 
Morgan Stanley, VRN, 2.48%, 9/16/36
501,000 388,708 
Owl Rock Capital Corp., 3.40%, 7/15/26
464,000 419,219 
Owl Rock Core Income Corp., 3.125%, 9/23/26
601,000 524,628 
State Street Corp., VRN, 4.82%, 1/26/34
805,000 809,758 
UBS Group AG, VRN, 1.49%, 8/10/27(1)
2,339,000 2,060,687 


UBS Group AG, VRN, 3.125%, 6/15/30
EUR2,000,000 2,070,289 
21,346,244 
Chemicals — 0.1%
Albemarle Corp., 4.65%, 6/1/27
1,195,000 1,186,971 
CF Industries, Inc., 5.15%, 3/15/34
448,000 443,589 
CF Industries, Inc., 4.95%, 6/1/43
680,000 619,999 
2,250,559 
Commercial Services and Supplies — 0.1%
Waste Connections, Inc., 3.20%, 6/1/32
1,235,000 1,108,627 
Construction and Engineering — 0.1%
Quanta Services, Inc., 2.35%, 1/15/32
1,525,000 1,221,615 
Construction Materials†
Eagle Materials, Inc., 2.50%, 7/1/31
943,000 771,305 
Consumer Finance†
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 1.65%, 10/29/24
690,000 645,756 
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/26
157,000 141,313 
787,069 
Containers and Packaging — 0.1%
Sonoco Products Co., 2.25%, 2/1/27
1,378,000 1,247,516 
Diversified Financial Services — 0.2%
Antares Holdings LP, 2.75%, 1/15/27(1)
713,000 587,173 
Block Financial LLC, 3.875%, 8/15/30
2,175,000 1,956,501 
Capital One Financial Corp., VRN, 5.47%, 2/1/29(2)
539,000 542,703 
Credit Agricole Public Sector SCF SA, 0.125%, 12/8/32
EUR1,000,000 844,119 
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/35
240,000 233,704 
4,164,200 
Diversified Telecommunication Services — 0.8%
AT&T, Inc., 4.35%, 3/1/29
985,000 968,851 
AT&T, Inc., 4.50%, 5/15/35
1,337,000 1,272,170 
AT&T, Inc., 4.90%, 8/15/37
1,301,000 1,263,397 
AT&T, Inc., 4.55%, 3/9/49
740,000 656,990 
Deutsche Telekom AG, 1.375%, 7/5/34
EUR1,100,000 959,665 
Deutsche Telekom International Finance BV, 1.25%, 10/6/23
GBP1,700,000 2,060,672 
Level 3 Financing, Inc., 4.625%, 9/15/27(1)
2,148,000 1,823,410 
Ooredoo International Finance Ltd., 2.625%, 4/8/31(1)
1,500,000 1,320,021 
Orange SA, 5.25%, 12/5/25
GBP470,000 596,272 
Telecom Italia Capital SA, 6.375%, 11/15/33
3,575,000 3,043,630 
Telecom Italia SpA, 5.875%, 5/19/23
GBP200,000 246,558 
Telecom Italia SpA, 4.00%, 4/11/24
EUR2,200,000 2,353,527 
Verizon Communications, Inc., 4.33%, 9/21/28
992,000 979,078 
Verizon Communications, Inc., 4.27%, 1/15/36
880,000 824,876 
Verizon Communications, Inc., 4.81%, 3/15/39
980,000 948,977 
19,318,094 
Electric Utilities — 1.1%
AEP Texas, Inc., 2.10%, 7/1/30
1,950,000 1,631,106 
Baltimore Gas & Electric Co., 2.25%, 6/15/31
758,000 637,747 
CenterPoint Energy Houston Electric LLC, 4.45%, 10/1/32
1,120,000 1,123,519 
Commonwealth Edison Co., 5.30%, 2/1/53
1,172,000 1,251,074 
Duke Energy Carolinas LLC, 2.55%, 4/15/31
512,000 442,800 
Duke Energy Corp., 2.55%, 6/15/31
540,000 458,571 
Duke Energy Corp., 5.00%, 8/15/52
1,380,000 1,321,272 
Duke Energy Florida LLC, 1.75%, 6/15/30
1,520,000 1,260,656 
Duke Energy Florida LLC, 5.95%, 11/15/52
415,000 470,963 
Duke Energy Progress LLC, 4.15%, 12/1/44
310,000 276,048 
EDP - Energias de Portugal SA, VRN, 1.70%, 7/20/80
EUR700,000 693,484 


Exelon Corp., 4.45%, 4/15/46
870,000 787,513 
FEL Energy VI Sarl, 5.75%, 12/1/40(1)
2,993,598 2,604,310 
Florida Power & Light Co., 2.45%, 2/3/32
721,000 622,472 
Florida Power & Light Co., 4.125%, 2/1/42
760,000 696,873 
MidAmerican Energy Co., 4.40%, 10/15/44
405,000 379,081 
NextEra Energy Capital Holdings, Inc., 5.00%, 7/15/32
2,203,000 2,242,105 
Northern States Power Co., 3.20%, 4/1/52
720,000 553,655 
NRG Energy, Inc., 2.00%, 12/2/25(1)
2,370,000 2,132,547 
Pacific Gas and Electric Co., 6.15%, 1/15/33
307,000 315,868 
Pacific Gas and Electric Co., 4.20%, 6/1/41
515,000 408,718 
PacifiCorp, 3.30%, 3/15/51
970,000 753,193 
PECO Energy Co., 4.375%, 8/15/52
980,000 930,016 
Public Service Electric & Gas Co., 3.10%, 3/15/32
852,000 772,098 
Southern Co. Gas Capital Corp., 1.75%, 1/15/31
1,400,000 1,127,188 
Union Electric Co., 3.90%, 4/1/52
700,000 604,580 
Xcel Energy, Inc., 3.40%, 6/1/30
900,000 828,062 
Xcel Energy, Inc., 4.60%, 6/1/32
374,000 370,702 
25,696,221 
Electrical Equipment — 0.1%
Regal Rexnord Corp., 6.40%, 4/15/33(1)
2,002,000 2,054,754 
Energy Equipment and Services†
Schlumberger Investment SA, 2.65%, 6/26/30
1,010,000 899,154 
Entertainment — 0.3%
Netflix, Inc., 5.875%, 11/15/28
1,137,000 1,182,399 
Warnermedia Holdings, Inc., 3.79%, 3/15/25(1)
4,285,000 4,141,247 
Warnermedia Holdings, Inc., 3.76%, 3/15/27(1)
762,000 714,558 
Warnermedia Holdings, Inc., 5.05%, 3/15/42(1)
731,000 624,997 
6,663,201 
Equity Real Estate Investment Trusts (REITs) — 0.4%
Alexandria Real Estate Equities, Inc., 4.50%, 7/30/29
125,000 122,958 
Alexandria Real Estate Equities, Inc., 4.00%, 2/1/50
990,000 811,319 
American Tower Corp., 3.95%, 3/15/29
1,200,000 1,130,649 
Crown Castle International Corp., 4.15%, 7/1/50
540,000 450,074 
Equinix, Inc., 2.90%, 11/18/26
1,920,000 1,788,881 
Healthpeak Properties Inc, 5.25%, 12/15/32
942,000 961,388 
National Retail Properties, Inc., 4.80%, 10/15/48
980,000 869,803 
Realty Income Corp., 3.25%, 1/15/31
965,000 871,285 
VICI Properties LP / VICI Note Co., Inc., 4.125%, 8/15/30(1)
2,580,000 2,311,182 
9,317,539 
Food and Staples Retailing — 0.2%
Sysco Corp., 5.95%, 4/1/30
1,675,000 1,799,446 
United Natural Foods, Inc., 6.75%, 10/15/28(1)
2,250,000 2,174,175 
Wm Morrison Supermarkets Ltd., 3.50%, 7/27/26
GBP1,300,000 1,426,407 
5,400,028 
Food Products — 0.3%
JDE Peet's NV, 2.25%, 9/24/31(1)
1,554,000 1,222,163 
Kraft Heinz Foods Co., 3.875%, 5/15/27
1,050,000 1,023,579 
Kraft Heinz Foods Co., 5.00%, 6/4/42
1,224,000 1,179,932 
Mondelez International, Inc., 2.625%, 3/17/27
1,080,000 1,005,762 
Mondelez International, Inc., 1.375%, 3/17/41
EUR1,600,000 1,202,461 
5,633,897 
Gas Utilities — 0.1%
Infraestructura Energetica Nova SAPI de CV, 4.75%, 1/15/51(1)
2,100,000 1,649,092 
Health Care Equipment and Supplies — 0.2%
Baxter International, Inc., 1.92%, 2/1/27
820,000 740,562 


Baxter International, Inc., 2.54%, 2/1/32
2,360,000 1,935,529 
GE HealthCare Technologies, Inc., 5.65%, 11/15/27(1)
2,585,000 2,679,883 
5,355,974 
Health Care Providers and Services — 0.7%
Centene Corp., 4.625%, 12/15/29
2,588,000 2,461,938 
Centene Corp., 3.375%, 2/15/30
3,366,000 2,964,302 
CVS Health Corp., 4.78%, 3/25/38
360,000 344,956 
CVS Health Corp., 5.05%, 3/25/48
650,000 618,703 
Elevance Health Inc, 5.125%, 2/15/53(2)
518,000 521,291 
HCA, Inc., 2.375%, 7/15/31
250,000 203,273 
Humana, Inc., 2.15%, 2/3/32
972,000 789,807 
Kaiser Foundation Hospitals, 3.00%, 6/1/51
520,000 387,352 
Roche Holdings, Inc., 2.61%, 12/13/51(1)
1,420,000 1,002,068 
UnitedHealth Group, Inc., 5.35%, 2/15/33
2,540,000 2,709,004 
UnitedHealth Group, Inc., 5.875%, 2/15/53
850,000 974,581 
Universal Health Services, Inc., 1.65%, 9/1/26
1,533,000 1,351,400 
Universal Health Services, Inc., 2.65%, 10/15/30
1,585,000 1,337,573 
15,666,248 
Hotels, Restaurants and Leisure — 0.4%
Caesars Entertainment, Inc., 4.625%, 10/15/29(1)
1,548,000 1,325,723 
Carnival Corp., 5.75%, 3/1/27(1)
1,170,000 972,750 
International Game Technology PLC, 5.25%, 1/15/29(1)
2,020,000 1,941,129 
Marriott International, Inc., 3.50%, 10/15/32
1,392,000 1,230,972 
Penn Entertainment, Inc., 4.125%, 7/1/29(1)
1,228,000 1,014,707 
Scientific Games International, Inc., 7.25%, 11/15/29(1)
2,680,000 2,690,452 
9,175,733 
Household Durables — 0.3%
D.R. Horton, Inc., 2.50%, 10/15/24
890,000 856,323 
KB Home, 4.80%, 11/15/29
2,538,000 2,280,393 
Safehold Operating Partnership LP, 2.85%, 1/15/32
1,713,000 1,350,394 
Tempur Sealy International, Inc., 3.875%, 10/15/31(1)
2,309,000 1,905,306 
6,392,416 
Household Products — 0.1%
Clorox Co., 4.60%, 5/1/32
2,173,000 2,177,404 
Insurance — 0.2%
Athene Global Funding, 1.99%, 8/19/28(1)
576,000 480,794 
Credit Agricole Assurances SA, VRN, 2.625%, 1/29/48
EUR1,800,000 1,755,403 
MetLife Inc., 5.25%, 1/15/54
860,000 895,901 
SBL Holdings, Inc., VRN, 6.50%(1)(4)
2,275,000 1,749,020 
4,881,118 
Internet and Direct Marketing Retail — 0.2%
Amazon.com, Inc., 4.70%, 11/29/24
1,120,000 1,125,697 
Amazon.com, Inc., 4.60%, 12/1/25
1,000,000 1,009,321 
Amazon.com, Inc., 4.55%, 12/1/27
560,000 567,362 
Amazon.com, Inc., 3.60%, 4/13/32
2,635,000 2,508,190 
Prosus NV, 4.19%, 1/19/32
325,000 279,721 
5,490,291 
Life Sciences Tools and Services†
Danaher Corp., 2.80%, 12/10/51
1,040,000 748,011 
Machinery — 0.5%
Chart Industries, Inc., 7.50%, 1/1/30(1)
2,340,000 2,395,575 
John Deere Capital Corp., 4.75%, 1/20/28
1,427,000 1,457,882 
Parker-Hannifin Corp., 4.25%, 9/15/27
4,520,000 4,471,086 
Westinghouse Air Brake Technologies Corp., 4.95%, 9/15/28
2,634,000 2,618,725 
10,943,268 


Media — 0.5%
Charter Communications Operating LLC / Charter Communications Operating Capital, 5.125%, 7/1/49
775,000 642,963 
Comcast Corp., 5.65%, 6/15/35
982,000 1,071,839 
Comcast Corp., 6.50%, 11/15/35
700,000 815,243 
Comcast Corp., 3.75%, 4/1/40
1,435,000 1,269,353 
Comcast Corp., 2.94%, 11/1/56
970,000 663,524 
DISH DBS Corp., 5.25%, 12/1/26(1)
1,090,000 941,488 
Fox Corp., 5.48%, 1/25/39
971,000 943,681 
Gray Escrow II, Inc., 5.375%, 11/15/31(1)
3,523,000 2,713,767 
Paramount Global, 4.95%, 1/15/31
595,000 549,170 
Paramount Global, 4.375%, 3/15/43
300,000 221,770 
Time Warner Cable LLC, 4.50%, 9/15/42
1,440,000 1,147,543 
VTR Finance NV, 6.375%, 7/15/28(1)
2,262,000 949,361 
11,929,702 
Metals and Mining — 0.2%
Glencore Capital Finance DAC, 1.125%, 3/10/28
EUR2,400,000 2,234,791 
Glencore Funding LLC, 2.625%, 9/23/31(1)
1,430,000 1,194,898 
Minera Mexico SA de CV, 4.50%, 1/26/50(1)
193,000 154,623 
South32 Treasury Ltd., 4.35%, 4/14/32(1)
985,000 888,171 
4,472,483 
Mortgage Real Estate Investment Trusts (REITs) — 0.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.75%, 6/15/29(1)
1,949,000 1,621,831 
Multiline Retail — 0.1%
Marks & Spencer PLC, 4.50%, 7/10/27
GBP1,400,000 1,586,226 
Multi-Utilities — 0.6%
Abu Dhabi National Energy Co. PJSC, 2.00%, 4/29/28(1)
1,645,000 1,473,971 
Ameren Corp., 3.50%, 1/15/31
1,383,000 1,268,656 
Ameren Illinois Co., 3.85%, 9/1/32
1,146,000 1,101,800 
Ameren Illinois Co., 5.90%, 12/1/52
311,000 362,302 
Dominion Energy, Inc., 4.90%, 8/1/41
840,000 789,000 
Dominion Energy, Inc., 4.85%, 8/15/52
1,420,000 1,337,538 
Sempra Energy, 3.25%, 6/15/27
860,000 813,342 
WEC Energy Group, Inc., 1.375%, 10/15/27
6,089,000 5,314,530 
12,461,139 
Oil, Gas and Consumable Fuels — 2.1%
Aker BP ASA, 3.75%, 1/15/30(1)
2,820,000 2,557,728 
Aker BP ASA, 4.00%, 1/15/31(1)
800,000 730,686 
BP Capital Markets America, Inc., 3.06%, 6/17/41
840,000 670,860 
Cenovus Energy, Inc., 2.65%, 1/15/32
860,000 716,698 
Continental Resources, Inc., 2.27%, 11/15/26(1)
1,030,000 915,994 
Diamondback Energy, Inc., 6.25%, 3/15/33
950,000 1,011,987 
Ecopetrol SA, 8.875%, 1/13/33
4,200,000 4,314,093 
Enbridge, Inc., 3.40%, 8/1/51
1,000,000 746,970 
Energy Transfer LP, 3.60%, 2/1/23
949,000 949,000 
Energy Transfer LP, 3.75%, 5/15/30
560,000 513,811 
Energy Transfer LP, 5.75%, 2/15/33
912,000 938,389 
Energy Transfer LP, 4.90%, 3/15/35
500,000 471,684 
Enterprise Products Operating LLC, 4.85%, 3/15/44
1,525,000 1,454,811 
Enterprise Products Operating LLC, 3.30%, 2/15/53
714,000 518,565 
Equinor ASA, 3.25%, 11/18/49
320,000 251,485 
Galaxy Pipeline Assets Bidco Ltd., 2.94%, 9/30/40(1)
4,349,385 3,565,553 
Geopark Ltd., 5.50%, 1/17/27(1)
2,250,000 1,999,898 
Kinder Morgan Energy Partners LP, 6.50%, 9/1/39
770,000 826,746 
MEG Energy Corp., 5.875%, 2/1/29(1)
4,460,000 4,264,630 
MPLX LP, 2.65%, 8/15/30
1,120,000 956,047 


Petroleos Mexicanos, 5.95%, 1/28/31
6,000,000 4,811,061 
Petroleos Mexicanos, 6.70%, 2/16/32
356,000 295,991 
Petroleos Mexicanos, 10.00%, 2/7/33(1)(2)
1,364,000 6,138 
Petroleos Mexicanos, 6.625%, 6/15/35
1,290,000 1,014,333 
SA Global Sukuk Ltd., 2.69%, 6/17/31(1)
5,250,000 4,654,256 
Sabine Pass Liquefaction LLC, 5.625%, 3/1/25
1,955,000 1,973,207 
Shell International Finance BV, 2.375%, 11/7/29
1,120,000 1,004,170 
Southwestern Energy Co., 5.375%, 3/15/30
4,616,000 4,305,689 
Venture Global Calcasieu Pass LLC, 3.875%, 11/1/33(1)
1,901,000 1,617,276 
Williams Cos., Inc., 4.55%, 6/24/24
1,160,000 1,158,108 
49,215,864 
Paper and Forest Products†
Georgia-Pacific LLC, 2.10%, 4/30/27(1)
1,030,000 939,471 
Personal Products†
GSK Consumer Healthcare Capital US LLC, 4.00%, 3/24/52
755,000 632,506 
Pharmaceuticals — 0.3%
Bayer AG, VRN, 2.375%, 11/12/79
EUR2,200,000 2,236,149 
Bayer AG, VRN, 4.50%, 3/25/82
EUR600,000 617,229 
Bristol-Myers Squibb Co., 2.95%, 3/15/32
1,303,000 1,181,535 
Bristol-Myers Squibb Co., 2.55%, 11/13/50
1,868,000 1,274,847 
Viatris, Inc., 4.00%, 6/22/50
739,000 513,028 
Zoetis, Inc., 5.60%, 11/16/32
1,282,000 1,381,384 
7,204,172 
Real Estate Management and Development†
Essential Properties LP, 2.95%, 7/15/31
1,010,000 768,372 
Road and Rail — 0.3%
Ashtead Capital, Inc., 5.50%, 8/11/32(1)
1,700,000 1,707,125 
Ashtead Capital, Inc., 5.55%, 5/30/33(1)
349,000 350,553 
Burlington Northern Santa Fe LLC, 4.15%, 4/1/45
847,000 775,418 
Burlington Northern Santa Fe LLC, 3.30%, 9/15/51
610,000 480,745 
CSX Corp., 4.25%, 3/15/29
840,000 833,183 
DAE Funding LLC, 1.55%, 8/1/24(1)
770,000 727,377 
Norfolk Southern Corp., 4.55%, 6/1/53
1,230,000 1,149,339 
Union Pacific Corp., 3.55%, 8/15/39
1,560,000 1,366,936 
7,390,676 
Semiconductors and Semiconductor Equipment — 0.2%
Broadcom, Inc., 4.00%, 4/15/29(1)
897,000 841,682 
Broadcom, Inc., 4.93%, 5/15/37(1)
913,000 838,984 
Intel Corp., 4.90%, 8/5/52
80,000 75,587 
Intel Corp., 3.20%, 8/12/61
1,364,000 924,650 
Lam Research Corp., 2.875%, 6/15/50
785,000 567,308 
Micron Technology, Inc., 6.75%, 11/1/29
860,000 917,844 
QUALCOMM, Inc., 5.40%, 5/20/33
400,000 430,165 
QUALCOMM, Inc., 6.00%, 5/20/53
317,000 364,078 
4,960,298 
Software — 0.1%
Oracle Corp., 3.90%, 5/15/35
880,000 779,276 
Oracle Corp., 3.85%, 7/15/36
520,000 449,398 
Oracle Corp., 3.60%, 4/1/40
720,000 571,255 
1,799,929 
Specialty Retail — 0.5%
Dick's Sporting Goods, Inc., 3.15%, 1/15/32
1,548,000 1,267,952 
Home Depot, Inc., 3.90%, 6/15/47
1,961,000 1,738,048 
Lowe's Cos., Inc., 3.35%, 4/1/27
4,263,000 4,084,657 
Lowe's Cos., Inc., 2.625%, 4/1/31
2,065,000 1,776,678 


O'Reilly Automotive, Inc., 4.70%, 6/15/32
1,610,000 1,608,403 
10,475,738 
Technology Hardware, Storage and Peripherals — 0.2%
Apple, Inc., 3.25%, 8/8/29
2,155,000 2,047,923 
Apple, Inc., 3.95%, 8/8/52
1,150,000 1,034,337 
Dell International LLC / EMC Corp., 8.10%, 7/15/36
384,000 449,979 
3,532,239 
Thrifts and Mortgage Finance — 0.7%
Arkea Home Loans SFH SA, 0.01%, 10/4/30
EUR3,300,000 2,845,154 
BPCE SFH SA, 0.125%, 12/3/30
EUR3,000,000 2,594,439 
Cie de Financement Foncier SA, 1.20%, 4/29/31
EUR3,300,000 3,102,694 
Coventry Building Society, 0.125%, 6/20/26
EUR4,500,000 4,402,293 
Nationwide Building Society, VRN, 2.00%, 7/25/29
EUR2,400,000 2,495,185 
Societe Generale SFH SA, 0.75%, 1/29/27
EUR600,000 595,958 
16,035,723 
Trading Companies and Distributors†
Aircastle Ltd., 5.25%, 8/11/25(1)
659,000 644,431 
Water Utilities — 0.1%
American Water Capital Corp., 4.45%, 6/1/32
1,390,000 1,386,717 
Essential Utilities, Inc., 2.70%, 4/15/30
1,570,000 1,364,350 
2,751,067 
Wireless Telecommunication Services — 0.7%
Sprint LLC, 7.625%, 2/15/25
3,690,000 3,835,021 
T-Mobile USA, Inc., 4.75%, 2/1/28
3,230,000 3,203,177 
T-Mobile USA, Inc., 3.375%, 4/15/29
500,000 456,428 
T-Mobile USA, Inc., 3.50%, 4/15/31
3,963,000 3,551,342 
T-Mobile USA, Inc., 4.375%, 4/15/40
480,000 434,739 
Vodafone Group PLC, VRN, 4.20%, 10/3/78
EUR1,900,000 1,920,767 
Vodafone Group PLC, VRN, 2.625%, 8/27/80
EUR2,000,000 1,974,917 
15,376,391 
TOTAL CORPORATE BONDS
(Cost $553,662,045)
510,821,066 
U.S. TREASURY SECURITIES — 13.0%
U.S. Treasury Bonds, 3.50%, 2/15/39
50,000 49,520 
U.S. Treasury Bonds, 1.375%, 11/15/40
500,000 346,113 
U.S. Treasury Bonds, 2.00%, 11/15/41
3,000,000 2,280,703 
U.S. Treasury Bonds, 2.375%, 2/15/42
35,210,000 28,495,343 
U.S. Treasury Bonds, 3.375%, 8/15/42
22,464,000 21,244,275 
U.S. Treasury Bonds, 2.75%, 11/15/42
5,000,000 4,276,172 
U.S. Treasury Bonds, 4.00%, 11/15/42
11,012,000 11,381,934 
U.S. Treasury Bonds, 2.50%, 2/15/45
13,000,000 10,493,437 
U.S. Treasury Bonds, 2.875%, 8/15/45
3,500,000 3,015,469 
U.S. Treasury Bonds, 2.50%, 2/15/46
2,000,000 1,608,125 
U.S. Treasury Bonds, 2.25%, 8/15/46
5,000,000 3,820,801 
U.S. Treasury Bonds, 3.00%, 5/15/47
5,000,000 4,400,977 
U.S. Treasury Bonds, 2.25%, 2/15/52
11,500,000 8,643,867 
U.S. Treasury Bonds, 4.00%, 11/15/52
2,000,000 2,139,062 
U.S. Treasury Notes, 2.75%, 5/31/23
21,275,000 21,130,738 
U.S. Treasury Notes, 2.50%, 5/31/24
46,000,000 44,761,953 
U.S. Treasury Notes, 3.00%, 7/31/24
21,086,000 20,635,040 
U.S. Treasury Notes, 4.25%, 9/30/24
31,935,000 31,866,390 
U.S. Treasury Notes, 4.50%, 11/30/24
15,000,000 15,050,977 
U.S. Treasury Notes, 3.125%, 8/15/25
13,000,000 12,731,875 
U.S. Treasury Notes, 4.50%, 11/15/25
25,000,000 25,375,000 
U.S. Treasury Notes, 2.75%, 7/31/27
2,289,000 2,203,654 


U.S. Treasury Notes, 3.875%, 12/31/27
15,910,000 16,091,473 
U.S. Treasury Notes, 4.00%, 10/31/29
1,000,000 1,025,078 
U.S. Treasury Notes, 3.875%, 11/30/29
5,880,000 5,986,575 
TOTAL U.S. TREASURY SECURITIES
(Cost $316,824,236)
299,054,551 
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 10.5%
Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.1%
FHLMC, VRN, 3.87%, (1-year H15T1Y plus 2.25%), 9/1/35
353,070 360,028 
FHLMC, VRN, 3.76%, (12-month LIBOR plus 1.63%), 8/1/46
276,693 279,284 
FNMA, VRN, 5.25%, (6-month LIBOR plus 1.57%), 6/1/35
207,394 208,449 
FNMA, VRN, 5.31%, (6-month LIBOR plus 1.57%), 6/1/35
157,788 158,438 
FNMA, VRN, 4.10%, (6-month LIBOR plus 1.54%), 9/1/35
303,189 308,002 
FNMA, VRN, 3.18%, (12-month LIBOR plus 1.61%), 3/1/47
707,159 682,821 
FNMA, VRN, 3.12%, (12-month LIBOR plus 1.61%), 4/1/47
398,912 384,922 
FNMA, VRN, 3.20%, (12-month LIBOR plus 1.62%), 5/1/47
446,454 443,091 
2,825,035 
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 10.4%
FHLMC, 6.00%, 2/1/38
786 831 
FHLMC, 3.50%, 5/1/50
5,374,427 5,099,495 
FHLMC, 2.50%, 10/1/50
6,702,973 5,924,322 
FHLMC, 2.50%, 5/1/51
187,665 165,780 
FHLMC, 3.50%, 5/1/51
11,775,335 11,197,887 
FHLMC, 3.00%, 7/1/51
6,436,290 5,928,466 
FHLMC, 2.00%, 8/1/51
4,693,574 3,962,338 
FHLMC, 2.50%, 12/1/51
4,921,214 4,330,899 
FHLMC, 3.00%, 12/1/51
6,753,710 6,151,650 
FHLMC, 3.50%, 5/1/52
1,048,907 985,559 
FHLMC, 3.50%, 5/1/52
401,575 380,684 
FHLMC, 4.00%, 5/1/52
370,848 358,711 
FHLMC, 6.00%, 11/1/52
7,248,125 7,511,404 
FNMA, 2.00%, 5/1/36
7,706,258 7,032,069 
FNMA, 2.00%, 1/1/37
9,986,346 9,111,511 
FNMA, 2.00%, 1/1/37
3,894,326 3,544,824 
FNMA, 3.50%, 10/1/40
909,836 879,024 
FNMA, 4.50%, 9/1/41
6,062 6,149 
FNMA, 3.50%, 12/1/41
49,408 47,734 
FNMA, 3.50%, 5/1/42
19,552 18,890 
FNMA, 3.50%, 6/1/42
11,478 11,090 
FNMA, 3.50%, 8/1/42
68,306 65,992 
FNMA, 3.50%, 9/1/42
7,533 7,275 
FNMA, 4.00%, 2/1/46
117,722 116,054 
FNMA, 4.00%, 3/1/50
8,889,032 8,675,113 
FNMA, 2.50%, 4/1/50
4,963,597 4,396,829 
FNMA, 2.50%, 6/1/50
10,218,880 9,077,409 
FNMA, 4.00%, 3/1/51
11,862,779 11,565,118 
FNMA, 4.00%, 5/1/51
7,812,362 7,667,906 
FNMA, 2.50%, 12/1/51
6,733,916 5,914,475 
FNMA, 2.50%, 2/1/52
2,649,646 2,339,504 
FNMA, 3.00%, 2/1/52
6,660,055 6,094,883 
FNMA, 2.50%, 3/1/52
17,263,149 15,253,434 
FNMA, 3.50%, 4/1/52
220,531 207,115 
FNMA, 2.50%, 5/1/52
10,093,843 8,878,948 
FNMA, 3.00%, 5/1/52
297,163 273,690 
FNMA, 3.50%, 5/1/52
10,765,100 10,135,190 
FNMA, 3.50%, 5/1/52
737,068 692,556 


FNMA, 3.50%, 5/1/52
693,576 658,851 
FNMA, 4.00%, 5/1/52
7,994,421 7,740,207 
FNMA, 3.00%, 6/1/52
116,494 107,292 
FNMA, 5.00%, 8/1/52
8,417,073 8,474,489 
FNMA, 5.50%, 10/1/52
5,340,374 5,434,838 
FNMA, 4.00%, 3/1/51
14,887,829 14,532,209 
GNMA, 6.00%, 7/15/33
1,819 1,923 
GNMA, 5.50%, 1/15/39
1,713 1,792 
GNMA, 5.50%, 9/15/39
7,083 7,458 
GNMA, 4.50%, 10/15/39
2,588 2,628 
GNMA, 5.00%, 10/15/39
4,244 4,389 
GNMA, 4.50%, 1/15/40
3,349 3,397 
GNMA, 4.00%, 12/15/40
3,772 3,713 
GNMA, 4.50%, 12/15/40
12,374 12,561 
GNMA, 3.50%, 6/20/42
2,023,122 1,961,540 
GNMA, 3.50%, 3/15/46
353,126 342,869 
GNMA, 3.00%, 4/20/50
1,345,153 1,245,823 
GNMA, 3.00%, 5/20/50
1,371,329 1,271,258 
GNMA, 3.00%, 6/20/50
2,054,497 1,910,697 
GNMA, 3.00%, 7/20/50
3,628,532 3,361,830 
GNMA, 2.50%, 2/20/51
7,886,567 7,068,785 
GNMA, 3.50%, 6/20/51
803,571 767,272 
GNMA, 2.50%, 9/20/51
660,856 590,627 
GNMA, 2.50%, 12/20/51
10,170,848 9,084,313 
GNMA, 5.50%, 9/20/52
4,886,286 4,972,862 
GNMA, 5.50%, 12/20/52
6,354,162 6,466,746 
240,041,177 
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES
(Cost $244,245,543)
242,866,212 
COLLATERALIZED LOAN OBLIGATIONS — 6.0%
ACRES Commercial Realty Ltd., Series 2021-FL1, Class A, VRN, 5.67%, (1-month LIBOR plus 1.20%), 6/15/36(1)
7,293,500 7,164,991 
AIMCO CLO Ltd., Series 2019-10A, Class CR, VRN, 6.72%, (3-month LIBOR plus 1.90%), 7/22/32(1)
3,000,000 2,875,708 
Allegro CLO V Ltd., Series 2017-1A, Class BR, VRN, 6.24%, (3-month LIBOR plus 1.45%), 10/16/30(1)
3,250,000 3,126,563 
AMMC CLO XIII Ltd., Series 2020-2, Class A3R2, VRN, 7.07%, (3-month LIBOR plus 2.25%), 7/24/29(1)
4,500,000 4,364,238 
Arbor Realty Collateralized Loan Obligation Ltd., Series 2020-FL1, Class AS, VRN, 6.00%, (1-month SOFR plus 1.51%), 2/15/35(1)
3,468,000 3,405,496 
ARES LII CLO Ltd., Series 2019-52A, Class CR, VRN, 6.92%, (3-month LIBOR plus 2.10%), 4/22/31(1)
2,400,000 2,305,546 
Bain Capital Credit CLO Ltd., Series 2019-2A, Class CR, VRN, 6.89%, (3-month LIBOR plus 2.10%), 10/17/32(1)
2,750,000 2,609,605 
BXMT Ltd., Series 2020-FL2, Class A, VRN, 5.50%, (1-month SOFR plus 1.01%), 2/15/38(1)
3,843,913 3,814,008 
BXMT Ltd., Series 2020-FL2, Class D, VRN, 6.55%, (1-month SOFR plus 2.06%), 2/15/38(1)
8,000,000 7,321,743 
Carlyle Global Market Strategies CLO Ltd., Series 2019-2A, Class A2R, VRN, 6.44%, (3-month LIBOR plus 1.65%), 7/15/32(1)
2,400,000 2,329,155 
Cerberus Loan Funding XXVIII LP, Series 2020-1A, Class A, VRN, 6.64%, (3-month LIBOR plus 1.85%), 10/15/31(1)
4,383,771 4,355,818 
Cerberus Loan Funding XXXIX LP, Series 2022-3A, Class A, VRN, 7.03%, (3-month SOFR plus 2.40%), 1/20/33(1)
4,650,000 4,626,745 
Dewolf Park CLO Ltd., Series 2017-1A, Class CR, VRN, 6.64%, (3-month LIBOR plus 1.85%), 10/15/30(1)
4,250,000 4,030,737 
Dryden 65 CLO Ltd., Series 2018-65A, Class C, VRN, 6.89%, (3-month LIBOR plus 2.10%), 7/18/30(1)
6,800,000 6,555,577 
FS Rialto Issuer LLC, Series 2022-FL6, Class A, SEQ, VRN, 7.07%, (1-month SOFR plus 2.58%), 8/17/37(1)
5,078,000 5,084,300 
Goldentree Loan Opportunities X Ltd., Series 2015-10A, Class AR, VRN, 5.93%, (3-month LIBOR plus 1.12%), 7/20/31(1)
3,025,000 3,005,006 
KKR CLO Ltd., Series 2018, Class CR, VRN, 6.89%, (3-month LIBOR plus 2.10%), 7/18/30(1)
2,975,000 2,893,903 
KKR CLO Ltd., Series 2022A, Class B, VRN, 6.41%, (3-month LIBOR plus 1.60%), 7/20/31(1)
4,000,000 3,916,268 
Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 6.92%, (3-month LIBOR plus 2.10%), 1/25/32(1)
5,200,000 5,055,144 
Marathon CLO Ltd., Series 2021-17A, Class B1, VRN, 7.49%, (3-month LIBOR plus 2.68%), 1/20/35(1)
4,850,000 4,567,778 
MF1 LLC, Series 2022-FL10, Class D, VRN, 10.22%, (1-month SOFR plus 5.73%), 9/17/37(1)
4,000,000 4,009,111 


MF1 Ltd., Series 2020-FL4, Class A, VRN, 6.30%, (1-month SOFR plus 1.81%), 11/15/35(1)
5,677,868 5,633,650 
MF1 Ltd., Series 2020-FL4, Class D, VRN, 8.70%, (1-month SOFR plus 4.21%), 11/15/35(1)
4,674,000 4,506,321 
Neuberger Berman Loan Advisers CLO Ltd., Series 2018-28A, Class B, VRN, 6.41%, (3-month LIBOR plus 1.60%), 4/20/30(1)
2,300,000 2,258,600 
Octagon Investment Partners XV Ltd., Series 2013-1A, Class CRR, VRN, 6.80%, (3-month LIBOR plus 2.00%), 7/19/30(1)
4,500,000 4,309,676 
Palmer Square Loan Funding Ltd., Series 2021-3A, Class A2, VRN, 6.21%, (3-month LIBOR plus 1.40%), 7/20/29(1)
2,450,000 2,391,705 
Palmer Square Loan Funding Ltd., Series 2022-1A, Class B, VRN, 6.63%, (3-month SOFR plus 2.00%), 4/15/30(1)
3,500,000 3,361,257 
Palmer Square Loan Funding Ltd., Series 2022-4A, Class B, VRN, 6.82%, (3-month SOFR plus 2.75%), 7/24/31(1)(2)
3,900,000 3,900,000 
Palmer Square Loan Funding Ltd., Series 2022-5A, Class A2, VRN, 7.31%, (3-month SOFR plus 2.65%), 1/15/31(1)
2,150,000 2,128,265 
PFP Ltd., Series 2021-8, Class D, VRN, 6.60%, (1-month LIBOR plus 2.15%), 8/9/37(1)
4,800,000 4,386,350 
Rockford Tower CLO Ltd., Series 2020-1A, Class C, VRN, 7.16%, (3-month LIBOR plus 2.35%), 1/20/32(1)
4,000,000 3,852,632 
Sound Point CLO IX Ltd., Series 2015-2A, Class CRRR, VRN, 7.31%, (3-month LIBOR plus 2.50%), 7/20/32(1)
8,000,000 7,513,742 
Sound Point CLO XXII Ltd., Series 2019-1A, Class BR, VRN, 6.51%, (3-month LIBOR plus 1.70%), 1/20/32(1)
2,250,000 2,168,451 
Symphony CLO XXII Ltd., Series 2020-22A, Class B, VRN, 6.49%, (3-month LIBOR plus 1.70%), 4/18/33(1)
4,750,000 4,668,419 
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $141,343,802)
138,496,508 
ASSET-BACKED SECURITIES — 4.3%
Aaset Trust, Series 2021-2A, Class B, 3.54%, 1/15/47(1)
5,204,562 3,787,063 
Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, SEQ, 1.94%, 8/15/46(1)
2,600,000 2,311,796 
Blackbird Capital Aircraft, Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46(1)
4,128,148 3,509,305 
Cologix Canadian Issuer LP, Series 2022-1CAN, Class A2, SEQ, 4.94%, 1/25/52(1)
CAD9,350,000 6,539,343 
Cologix Data Centers US Issuer LLC, Series 2021-1A, Class A2, SEQ, 3.30%, 12/26/51(1)
1,746,000 1,564,814 
Diamond Resorts Owner Trust, Series 2021-1A, Class B, 2.05%, 11/21/33(1)
1,998,375 1,829,031 
Domino's Pizza Master Issuer LLC, Series 2015-1A, Class A2II, SEQ, 4.47%, 10/25/45(1)
3,375,000 3,271,452 
Falcon Aerospace Ltd., Series 2019-1, Class A, SEQ, 3.60%, 9/15/39(1)
3,313,642 2,694,557 
FirstKey Homes Trust, Series 2020-SFR1, Class C, 1.94%, 8/17/37(1)
4,057,000 3,710,592 
FirstKey Homes Trust, Series 2020-SFR2, Class E, 2.67%, 10/19/37(1)
4,000,000 3,634,886 
FirstKey Homes Trust, Series 2021-SFR1, Class F1, 3.24%, 8/17/38(1)
5,800,000 5,020,470 
FirstKey Homes Trust, Series 2022-SFR3, Class B, 4.50%, 7/17/26(1)
3,700,000 3,550,203 
Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51(1)
9,625,000 8,730,425 
Goodgreen Trust, Series 2018-1A, Class A, VRN, 3.93%, 10/15/53(1)
1,453,555 1,364,589 
Goodgreen Trust, Series 2021-1A, Class A, SEQ, 2.66%, 10/15/56(1)
2,326,308 1,937,587 
InStar Leasing III LLC, Series 2021-1A, Class A, SEQ, 2.30%, 2/15/54(1)
3,893,408 3,360,051 
Lunar Aircarft Ltd., Series 2020-1A, Class A, SEQ, 3.38%, 2/15/45(1)
5,296,728 4,409,681 
Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A, SEQ, 2.64%, 10/15/46(1)
6,408,600 5,236,774 
MAPS Trust, Series 2021-1A, Class A, SEQ, 2.52%, 6/15/46(1)
5,620,219 4,819,228 
Navigator Aircraft ABS Ltd., Series 2021-1, Class A, SEQ, 2.77%, 11/15/46(1)
6,483,482 5,522,410 
Pioneer Aircraft Finance Ltd., Series 2019-1, Class A, SEQ, 3.97%, 6/15/44(1)
3,853,130 3,091,004 
Progress Residential Trust, Series 2021-SFR1, Class F, 2.76%, 4/17/38(1)
7,500,000 6,528,430 
Progress Residential Trust, Series 2021-SFR8, Class E1, 2.38%, 10/17/38(1)
2,700,000 2,317,853 
Sierra Timeshare Receivables Funding LLC, Series 2021-8, Class D, 3.17%, 11/20/37(1)
985,379 902,641 
Stack Infrastructure Issuer LLC, Series 2021-1A, Class A2, SEQ, 1.88%, 3/26/46(1)
3,634,000 3,232,358 
Vantage Data Centers LLC, Series 2019-1A, Class A2, SEQ, 3.19%, 7/15/44(1)
5,939,875 5,693,786 
TOTAL ASSET-BACKED SECURITIES
(Cost $110,164,120)
98,570,329 
PREFERRED STOCKS — 3.2%
Automobiles — 0.2%
Volkswagen International Finance NV, 3.875%
4,500,000 4,286,818 
Banks — 0.4%
Commerzbank AG, 4.25%
600,000 523,927 
Cooperatieve Rabobank UA, 3.10%
1,400,000 1,239,404 
Intesa Sanpaolo SpA, 3.75%
2,400,000 2,341,808 


La Banque Postale SA, 3.875%
1,200,000 1,150,372 
Lloyds Banking Group PLC, 8.50%
1,600,000 2,031,736 
UniCredit SpA, 3.875%
2,000,000 1,721,774 
9,009,021 
Capital Markets — 0.1%
Deutsche Bank AG, 4.625%
1,400,000 1,226,170 
Diversified Telecommunication Services — 0.3%
Orange SA, 2.375%
1,000,000 1,039,588 
Telefonica Europe BV, 2.38%
2,900,000 2,518,380 
Telefonica Europe BV, 2.875%
1,800,000 1,708,489 
Telefonica Europe BV, 2.88%
2,000,000 1,844,207 
7,110,664 
Electric Utilities — 0.5%
Electricite de France SA, 3.375%
3,600,000 3,111,424 
Enel SpA, 2.25%
2,500,000 2,368,982 
Naturgy Finance BV, 2.37%
3,000,000 2,882,572 
SSE PLC, 3.125%
2,600,000 2,632,486 
10,995,464 
Hotels, Restaurants and Leisure — 0.1%
Accor SA, 2.625%
2,600,000 2,540,398 
Insurance — 1.1%
Allianz SE, 2.625%
2,600,000 2,137,982 
Allianz SE, 3.20%(1)
3,595,000 2,903,322 
Assicurazioni Generali SpA, 4.60%
2,900,000 3,097,299 
AXA SA, 3.875%
3,000,000 3,191,901 
AXA SA, 6.69%
1,230,000 1,544,351 
BNP Paribas Cardif SA, 4.03%
3,100,000 3,285,170 
CNP Assurances, 4.75%
3,500,000 3,599,460 
Credit Agricole Assurances SA, 4.25%
3,300,000 3,540,309 
Intesa Sanpaolo Vita SpA, 4.75%
2,300,000 2,458,768 
25,758,562 
Oil, Gas and Consumable Fuels — 0.4%
Eni SpA, 3.375%
5,700,000 5,325,648 
TotalEnergies SE, 2.625%
4,292,000 4,446,017 
9,771,665 
Trading Companies and Distributors — 0.1%
Aircastle Ltd., 5.25%(1)
3,194,000 2,635,050 
TOTAL PREFERRED STOCKS
(Cost $83,392,360)
73,333,812 
COLLATERALIZED MORTGAGE OBLIGATIONS — 2.0%
Private Sponsor Collateralized Mortgage Obligations — 1.7%
Angel Oak Mortgage Trust, Series 2019-6, Class M1, VRN, 3.39%, 11/25/59(1)
5,500,000 5,031,472 
Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-1, Class A1, VRN, 6.80%, (1-year H15T1Y plus 2.25%), 2/25/36
180,995 172,634 
Bellemeade Re Ltd., Series 2019-1A, Class B1, VRN, 8.51%, (1-month LIBOR plus 4.00%), 3/25/29(1)
3,700,000 3,679,492 
Bellemeade Re Ltd., Series 2020-4A, Class M2B, VRN, 8.11%, (1-month LIBOR plus 3.60%), 6/25/30(1)
4,879,540 4,907,208 
Bunker Hill Loan Depositary Trust, Series 2019-3, Class M1, 3.27%, 11/25/59(1)
3,000,000 2,635,930 
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, VRN, 4.26%, 8/25/34
491,528 473,408 
Deephaven Residential Mortgage Trust, Series 2020-2, Class B1, VRN, 5.84%, 5/25/65(1)
4,482,000 4,223,346 
JP Morgan Mortgage Trust, Series 2006-S1, Class 1A2, SEQ, 6.50%, 4/25/36
169,372 169,347 
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 3A7, VRN, 3.87%, 11/21/34
273,460 248,002 
Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 2A, VRN, 3.70%, 11/25/35
14,543 13,819 
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A1, VRN, 4.08%, 2/25/35
265,836 249,948 
Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A2, VRN, 4.08%, 2/25/35
136,690 128,641 
New Residential Mortgage Loan Trust, Series 2015-2A, Class B5, VRN, 5.38%, 8/25/55(1)
3,976,948 3,452,333 


Radnor Re Ltd., Series 2018-1, Class M2, VRN, 7.21%, (1-month LIBOR plus 2.70%), 3/25/28(1)
9,565,449 9,572,554 
Starwood Mortgage Residential Trust, Series 2020-2, Class B2E, VRN, 3.00%, 4/25/60(1)
5,000,000 4,136,505 
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 2A1, VRN, 5.23%, 7/25/34
340,136 329,736 
39,424,375 
U.S. Government Agency Collateralized Mortgage Obligations — 0.3%
FNMA, Series 2013-C01, Class M2, VRN, 9.76%, (1-month LIBOR plus 5.25%), 10/25/23
2,151,233 2,210,312 
FNMA, Series 2014-C02, Class 2M2, VRN, 7.11%, (1-month LIBOR plus 2.60%), 5/25/24
1,156,225 1,171,135 
FNMA, Series 2022-R09, Class 2M1, VRN, 6.81%, (30-day average SOFR plus 2.50%), 9/25/42(1)
2,951,726 2,965,912 
6,347,359 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $48,499,036)
45,771,734 
COMMERCIAL MORTGAGE-BACKED SECURITIES — 1.3%
BX Commercial Mortgage Trust, Series 2020-VIV2, Class C, VRN, 3.54%, 3/9/44(1)
5,700,000 4,798,431 
BX Commercial Mortgage Trust, Series 2020-VIVA, Class D, VRN, 3.55%, 3/11/44(1)
6,200,000 4,986,361 
BX Commercial Mortgage Trust, Series 2021-ACNT, Class D, VRN, 6.31%, (1-month LIBOR plus 1.85%), 11/15/38(1)
10,450,000 10,134,856 
BX Trust, Series 2021-RISE, Class D, VRN, 6.21%, (1-month LIBOR plus 1.75%), 11/15/36(1)
6,572,000 6,334,294 
Great Wolf Trust, Series 2019-WOLF, Class C, VRN, 6.23%, (1-month SOFR plus 1.75%), 12/15/36(1)
4,419,000 4,281,314 
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES
(Cost $33,632,307)
30,535,256 
MUNICIPAL SECURITIES — 0.6%
Bay Area Toll Authority Rev., 6.92%, 4/1/40
675,000 822,903 
California State University Rev., 2.98%, 11/1/51
825,000 620,356 
Chicago GO, 7.05%, 1/1/29
285,000 294,202 
Dallas Area Rapid Transit Rev., 6.00%, 12/1/44
25,000 29,291 
Escambia County Health Facilities Authority Rev., (Baptist Health Care Corp. Obligated Group), 3.61%, 8/15/40 (AGM)
725,000 584,404 
Golden State Tobacco Securitization Corp. Rev., 2.75%, 6/1/34
2,125,000 1,799,308 
Los Angeles Community College District GO, 6.75%, 8/1/49
800,000 1,061,042 
Los Angeles Department of Airports Rev., 6.58%, 5/15/39
300,000 339,463 
Massachusetts GO, 2.66%, 9/1/39
246,710 204,178 
Metropolitan Transportation Authority Rev., 6.69%, 11/15/40
220,000 238,651 
Michigan Strategic Fund Rev., (Flint Water Advocacy Fund), 3.23%, 9/1/47
1,600,000 1,292,031 
Missouri Highway & Transportation Commission Rev., 5.45%, 5/1/33
275,000 292,569 
New Jersey Turnpike Authority Rev., 7.41%, 1/1/40
100,000 130,880 
New Jersey Turnpike Authority Rev., 7.10%, 1/1/41
270,000 343,893 
New York City Municipal Water Finance Authority Rev. (New York City Water & Sewer System), 5.95%, 6/15/42
55,000 64,758 
Ohio Turnpike & Infrastructure Commission Rev., 3.22%, 2/15/48
830,000 627,904 
Pennsylvania Turnpike Commission Rev., 5.56%, 12/1/49
170,000 193,905 
Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51
450,000 459,998 
Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60
450,000 329,339 
Rutgers The State University of New Jersey Rev., 5.67%, 5/1/40
205,000 220,267 
San Francisco Public Utilities Commission Water Rev., 6.00%, 11/1/40
220,000 245,809 
Santa Clara Valley Transportation Authority Rev., 5.88%, 4/1/32
300,000 316,595 
State of California GO, 4.60%, 4/1/38
120,000 118,616 
State of California GO, 7.55%, 4/1/39
460,000 613,816 
State of California GO, 7.30%, 10/1/39
665,000 848,996 
State of California GO, 7.60%, 11/1/40
20,000 27,170 
University of California Rev., 3.07%, 5/15/51
1,195,000 868,832 
TOTAL MUNICIPAL SECURITIES
(Cost $15,094,659)
12,989,176 
BANK LOAN OBLIGATIONS(5) — 0.2%
Technology Hardware, Storage and Peripherals — 0.2%
McAfee, LLC, 2022 USD Term Loan B, 8.18%, (1-month SOFR plus 3.75%), 3/1/29
(Cost $5,923,000)
5,945,125 5,626,526 
U.S. GOVERNMENT AGENCY SECURITIES — 0.1%
FHLMC, 6.25%, 7/15/32 (Cost $2,638,897)
2,000,000 2,395,339 


SHORT-TERM INVESTMENTS — 7.6%
Money Market Funds†
State Street Institutional U.S. Government Money Market Fund, Premier Class
101,135 101,135 
Repurchase Agreements — 3.6%
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.875%, 10/31/23 - 11/30/23, valued at $20,486,366), in a joint trading account at 4.22%, dated 1/31/23, due 2/1/23 (Delivery value $20,083,350)
20,080,996 
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.875%, 1/15/2026, valued at $64,658,879), at 4.28%, dated 1/31/23, due 2/1/23 (Delivery value $63,398,536)
63,391,000 
83,471,996 
Treasury Bills(6) — 4.0%
U.S. Treasury Bills, 3.11%, 2/16/23
21,360,000 21,321,797 
U.S. Treasury Bills, 1.55%, 3/23/23
26,300,000 26,137,816 
U.S. Treasury Bills, 1.94%, 4/20/23(7)
44,778,000 44,338,443 
91,798,056 
TOTAL SHORT-TERM INVESTMENTS
(Cost $175,746,192)
175,371,187 
TOTAL INVESTMENT SECURITIES—100.0%
(Cost $2,498,688,596)
2,302,654,151 
OTHER ASSETS AND LIABILITIES†
(431,242)
TOTAL NET ASSETS — 100.0%
$2,302,222,909 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased
Currency Sold
CounterpartySettlement
Date		Unrealized
Appreciation
(Depreciation)
AUD7,983,951 USD5,369,367 
Bank of America N.A.
3/15/23$275,216 
AUD952,326 USD646,645 
Bank of America N.A.
3/15/2326,641 
USD14,737,996 AUD21,830,834 
Bank of America N.A.
3/15/23(696,210)
USD5,512,135 AUD8,133,112 
Bank of America N.A.
3/15/23(237,903)
USD6,246,562 AUD9,030,639 
Bank of America N.A.
3/15/23(138,020)
BRL118,542,700 USD23,173,238 
Goldman Sachs & Co.
3/15/233,356 
CAD804,872 USD594,133 
Morgan Stanley
3/15/2310,965 
CAD1,886,559 USD1,393,574 
Morgan Stanley
3/15/2324,731 
USD37,321,473 CAD50,741,043 
Morgan Stanley
3/15/23(825,370)
USD3,650,872 CAD4,976,902 
Morgan Stanley
3/15/23(90,736)
USD685,836 CAD934,938 
Morgan Stanley
3/15/23(17,045)
USD8,164,125 CAD11,118,542 
Morgan Stanley
3/15/23(194,735)
USD11,537,330 CAD15,639,081 
Morgan Stanley
3/15/23(220,047)
CHF10,510,427 USD11,568,035 
Morgan Stanley
3/15/23(36,467)
USD12,070,850 CHF11,204,815 
Morgan Stanley
3/15/23(222,568)
USD10,888,215 CHF10,042,037 
Morgan Stanley
3/15/23(129,456)
USD5,721,017 CNY39,503,624 
Morgan Stanley
3/15/23(144,555)
USD877,703 CNY5,915,315 
Morgan Stanley
3/15/23(614)
USD5,118,640 CZK118,941,843 
UBS AG
3/15/23(306,461)
USD4,572,023 DKK32,093,292 
UBS AG
3/15/23(131,759)
EUR1,580,640 USD1,674,075 
Goldman Sachs & Co.
3/15/2348,839 
EUR1,721,941 USD1,848,882 
Goldman Sachs & Co.
3/15/2328,050 
EUR2,529,621 USD2,709,323 
Goldman Sachs & Co.
3/15/2347,989 
EUR17,210,268 USD18,253,382 
Goldman Sachs & Co.
3/15/23505,980 
EUR1,927,959 USD2,101,734 
Goldman Sachs & Co.
3/15/23(239)
EUR365,710 USD396,969 
Goldman Sachs & Co.
3/15/231,658 
EUR214,691 USD233,832 
Goldman Sachs & Co.
3/15/23183 
USD441,078,785 EUR416,926,247 
Goldman Sachs & Co.
3/15/23(13,374,960)
USD1,195,704 EUR1,130,230 
Goldman Sachs & Co.
3/15/23(36,258)
USD1,199,427 EUR1,131,348 
Goldman Sachs & Co.
3/15/23(33,754)


USD1,336,821 EUR1,259,128 
Goldman Sachs & Co.
3/15/23(35,641)
USD1,748,619 EUR1,646,534 
Goldman Sachs & Co.
3/15/23(46,119)
USD1,921,150 EUR1,809,311 
Goldman Sachs & Co.
3/15/23(51,017)
USD3,634,099 EUR3,423,932 
Goldman Sachs & Co.
3/15/23(98,020)
USD905,096 EUR853,132 
Goldman Sachs & Co.
3/15/23(24,826)
USD409,896 EUR384,185 
Goldman Sachs & Co.
3/15/23(8,870)
USD876,220 EUR820,798 
Goldman Sachs & Co.
3/15/23(18,458)
USD2,772,335 EUR2,582,568 
Goldman Sachs & Co.
3/15/23(42,690)
USD1,135,957 EUR1,050,606 
Goldman Sachs & Co.
3/15/23(9,214)
USD523,086 EUR482,523 
Goldman Sachs & Co.
3/15/23(2,869)
USD2,200,854 EUR2,017,960 
Goldman Sachs & Co.
3/15/231,257 
USD3,974,327 EUR3,644,831 
Goldman Sachs & Co.
3/15/231,425 
GBP9,059,321 USD10,938,677 
Bank of America N.A.
3/15/23240,247 
GBP3,154,329 USD3,765,348 
Bank of America N.A.
3/15/23126,997 
GBP473,367 USD582,305 
Bank of America N.A.
3/15/231,815 
USD91,750,575 GBP74,976,772 
Bank of America N.A.
3/15/23(768,464)
USD1,017,928 GBP830,893 
Bank of America N.A.
3/15/23(7,369)
USD988,923 GBP806,596 
Bank of America N.A.
3/15/23(6,392)
USD4,784,711 GBP3,918,885 
Bank of America N.A.
3/15/23(51,073)
USD998,013 GBP820,978 
Bank of America N.A.
3/15/23(15,048)
HUF4,227,683,888 USD11,345,832 
UBS AG
3/16/23240,379 
IDR364,310,066,520 USD24,411,020 
Goldman Sachs & Co.
3/15/23(141,177)
USD8,380,790 IDR131,134,218,760 
Goldman Sachs & Co.
3/15/23(355,194)
USD24,461,623 IDR371,449,735,660 
Goldman Sachs & Co.
3/15/23(283,856)
USD11,377,285 ILS38,751,032 
UBS AG
3/15/23134,266 
USD11,515,002 ILS39,575,910 
UBS AG
3/15/2332,657 
JPY865,528,991 USD6,453,537 
Bank of America N.A.
3/15/23233,467 
JPY736,416,128 USD5,547,934 
Bank of America N.A.
3/15/23141,554 
JPY453,142,959 USD3,421,780 
Bank of America N.A.
3/15/2379,164 
JPY4,756,407,582 USD36,743,135 
Bank of America N.A.
3/15/234,466 
USD111,929,389 JPY15,007,949,135 
Bank of America N.A.
3/15/23(4,020,748)
USD3,406,758 JPY456,638,373 
Bank of America N.A.
3/15/23(121,192)
USD6,014,295 JPY809,939,388 
Bank of America N.A.
3/15/23(243,227)
USD2,462,358 JPY332,004,690 
Bank of America N.A.
3/15/23(102,682)
USD779,983 JPY101,985,950 
Bank of America N.A.
3/15/23(7,951)
USD5,350,888 JPY709,848,843 
Bank of America N.A.
3/15/23(133,343)
KRW679,153,613 USD517,603 
Morgan Stanley
3/15/2333,874 
USD3,703,501 KRW4,564,268,206 
Morgan Stanley
3/15/23(2,719)
USD2,815,239 MXN56,479,614 
UBS AG
3/15/23(162,138)
USD2,807,880 MXN56,291,151 
UBS AG
3/15/23(159,562)
USD3,143,004 MYR13,679,611 
Goldman Sachs & Co.
3/15/23(77,167)
USD1,796,469 MYR7,955,664 
Goldman Sachs & Co.
3/15/23(76,289)
USD4,684,128 NOK46,716,542 
UBS AG
3/15/23(5,097)
NZD8,967,631 USD5,598,358 
Morgan Stanley
3/15/23200,346 
NZD17,748,767 USD11,364,287 
Morgan Stanley
3/15/23112,527 
USD23,390,296 NZD36,662,020 
Morgan Stanley
3/15/23(316,320)
USD5,623,642 NZD8,818,965 
Morgan Stanley
3/15/23(78,930)
USD11,486,526 NZD17,860,321 
Morgan Stanley
3/15/23(62,422)
USD22,956,350 NZD35,414,170 
Morgan Stanley
3/15/2356,627 
PEN19,009,461 USD4,920,779 
Goldman Sachs & Co.
3/15/235,819 
USD4,928,763 PEN19,049,669 
Morgan Stanley
3/15/23(8,255)
USD2,446,065 PLN11,082,044 
UBS AG
3/15/23(104,356)
SEK51,958,615 USD5,054,291 
UBS AG
3/15/23(74,534)
USD1,817,554 SEK18,718,841 
UBS AG
3/15/2323,525 
USD5,206,518 SEK52,816,476 
UBS AG
3/15/23144,543 


USD3,162,063 SGD4,281,591 
Bank of America N.A.
3/15/23(99,663)
USD3,391,595 THB116,993,073 
Bank of America N.A.
3/15/23(167,514)
USD2,160,243 THB71,914,504 
Bank of America N.A.
3/15/23(27,506)
USD17,134,175 ZAR295,084,764 
UBS AG
3/15/23235,820 
ZAR295,084,764 USD17,132,484 
UBS AG
3/15/23(234,129)
$(22,064,815)

FUTURES CONTRACTS PURCHASED
Reference Entity
Contracts
Expiration Date
Notional
Amount		Unrealized
Appreciation
(Depreciation)^
Euro-Bobl 5-Year Bonds
60 March 2023$7,651,364 $(173,219)
U.S. Treasury 5-Year Notes
667 March 202372,864,540 452,075 
Euro-Buxl 30-Year Bonds
2 March 2023313,099 (42,126)
Japanese 10-Year Government Bonds
50 March 202356,297,776 (724,578)
Korean Treasury 10-Year Bonds
277 March 202325,703,117 258,155 
U.K. Gilt 10-Year Bonds
128 March 202316,492,173 (187,006)
U.S. Treasury 10-Year Notes
1,177 March 2023134,784,891 (1,134,121)
U.S. Treasury Ultra Bonds
154 March 202321,829,500 548,324 
$335,936,460 $(1,002,496)
^Amount represents value and unrealized appreciation (depreciation).

FUTURES CONTRACTS SOLD
Reference Entity
Contracts
Expiration Date
Notional
Amount		Unrealized
Appreciation
(Depreciation)^
U.S. Treasury 2-Year Notes
112 March 2023$23,032,625 $35,219 
U.S. Treasury 10-Year Ultra Notes
166 March 202320,119,719 (6,511)
$43,152,344 $28,708 
^Amount represents value and unrealized appreciation (depreciation).

CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS§
Reference Entity
TypeFixed
Rate
Received
(Paid)
Quarterly		Termination
Date		Notional
Amount		Premiums
Paid
(Received)		Unrealized
Appreciation
(Depreciation)
Value^
Markit CDX North America High Yield Index Series 38
Buy(5.00)%6/20/27$46,386,450 $(272,442)$(1,877,448)$(2,149,890)
Markit CDX North America High Yield Index Series 39
Buy(5.00)%12/20/27$91,813,000 (560,974)(2,452,546)(3,013,520)
$(833,416)$(4,329,994)$(5,163,410)
§Credit default swap agreements enable the fund to buy/sell protection against a credit event of a specific issuer or index. As a seller of credit protection against a security or basket of securities, the fund receives an upfront and/or periodic payment to compensate against potential default events. The fund may attempt to enhance returns by selling protection.

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.



CENTRALLY CLEARED TOTAL RETURN SWAP AGREEMENTS
Floating
Rate Index
Pay/Receive
Floating Rate
Index at
Termination
Fixed
Rate		Termination
Date		Notional
Amount		Premiums
Paid
(Received)		Unrealized
Appreciation
(Depreciation)		Value
CPURNSAReceive2.90%10/11/23$8,350,000 $353 $(19,940)$(19,587)
CPURNSAReceive2.97%10/14/23$12,850,000 362 (39,562)(39,200)
CPURNSAReceive2.97%10/14/23$12,850,000 362 (39,562)(39,200)
$1,077 $(99,064)$(97,987)



NOTES TO SCHEDULE OF INVESTMENTS
AGM–
Assured Guaranty Municipal Corporation
AUD–
Australian Dollar
BRL–
Brazilian Real
CAD–
Canadian Dollar
CDX–
Credit Derivatives Indexes
CHF–
Swiss Franc
CNY–
Chinese Yuan
CPURNSA–
U.S. Consumer Price Index Urban Consumers Not Seasonally Adjusted Index
CZK–
Czech Koruna
DKK–
Danish Krone
EUR–Euro
FHLMC–
Federal Home Loan Mortgage Corporation
FNMA–
Federal National Mortgage Association
GBP–
British Pound
GNMA–
Government National Mortgage Association
GO–
General Obligation
H15T1Y–
Constant Maturity U.S. Treasury Note Yield Curve Rate Index
HUF–
Hungarian Forint
IDR–
Indonesian Rupiah
ILS–
Israeli Shekel
JPY–
Japanese Yen
KRW–
South Korean Won
LIBOR–
London Interbank Offered Rate
MXN–
Mexican Peso
MYR–
Malaysian Ringgit
NOK–
Norwegian Krone
NZD–
New Zealand Dollar
PEN–
Peruvian Sol
PLN–
Polish Zloty
SEK–
Swedish Krona
SEQ–
Sequential Payer
SGD–
Singapore Dollar
SOFR–
Secured Overnight Financing Rate
THB–
Thai Baht
USD–
United States Dollar
VRN–
Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown.
ZAR–
South African Rand
†Category is less than 0.05% of total net assets.
(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $520,002,249, which represented 22.6% of total net assets. 
(2)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.
(3)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.
(4)Perpetual maturity with no stated maturity date.
(5)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.
(6)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.
(7)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $16,803,422.


SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, convertible bonds, bank loan obligations, municipal securities, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper is valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers. Fixed income securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price. Equity securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred stocks and convertible preferred stocks with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Hybrid securities initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

Open-end management investment companies are valued at the reported NAV per share. Repurchase agreements are valued at cost, which approximates fair value. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service. Investments initially expressed in local currencies are translated into U.S. dollars at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

2. Fair Value Measurements

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).



The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.
Level 1
Level 2
Level 3
Assets
Investment Securities
Sovereign Governments and Agencies
— $666,822,455 — 
Corporate Bonds
— 510,821,066 — 
U.S. Treasury Securities
— 299,054,551 — 
U.S. Government Agency Mortgage-Backed Securities
— 242,866,212 — 
Collateralized Loan Obligations
— 138,496,508 — 
Asset-Backed Securities
— 98,570,329 — 
Preferred Stocks
— 73,333,812 — 
Collateralized Mortgage Obligations
— 45,771,734 — 
Commercial Mortgage-Backed Securities
— 30,535,256 — 
Municipal Securities
— 12,989,176 — 
Bank Loan Obligations
— 5,626,526 — 
U.S. Government Agency Securities
— 2,395,339 — 
Short-Term Investments
$101,135 175,270,052 — 
$101,135 $2,302,553,016 — 
Other Financial Instruments
Futures Contracts
$1,035,618 $258,155 — 
Forward Foreign Currency Exchange Contracts
— 3,024,383 — 
$1,035,618 $3,282,538 — 
Liabilities
Other Financial Instruments
Futures Contracts
$1,140,632 $1,126,929 — 
Swap Agreements
— 5,261,397 — 
Forward Foreign Currency Exchange Contracts
— 25,089,198 — 
$1,140,632 $31,477,524 — 
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.