# EDGAR Filing Document

**Accession Number:** 0001635073
**File Stem:** 0001193125-26-139264
**Filing Date:** 2026-4
**Character Count:** 596079
**Document Hash:** fe891f3664ba988ccad531abe29c05d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-139264.hdr.sgml**: 20260402

**ACCESSION NUMBER**: 0001193125-26-139264

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260402

**DATE AS OF CHANGE**: 20260402

**EFFECTIVENESS DATE**: 20260402

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nushares ETF Trust
- **CENTRAL INDEX KEY:** 0001635073

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23161
- **FILM NUMBER:** 26831199

**BUSINESS ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NuShares ETF Trust
- **DATE OF NAME CHANGE:** 20160614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nuveen ETF Trust
- **DATE OF NAME CHANGE:** 20150226

## Series and Classes Contracts Data

### Nuveen Enhanced Yield U.S. Aggregate Bond ETF (Series ID: S000055017)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000173018 | Nuveen Enhanced Yield U.S. Aggregate Bond ETF | NUAG            |

### Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (Series ID: S000056738)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000180107 | Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | NUSA            |

### Nuveen ESG U.S. Aggregate Bond ETF (Series ID: S000059077)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000193700 | Nuveen ESG U.S. Aggregate Bond ETF | NUBD            |

### Nuveen ESG High Yield Corporate Bond ETF (Series ID: S000064846)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000209930 | Nuveen ESG High Yield Corporate Bond ETF | NUHY            |

### Nuveen Core Plus Bond ETF (Series ID: S000084188)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000248461 | Nuveen Core Plus Bond ETF | NCPB            |

### Nuveen Preferred and Income ETF (Series ID: S000084189)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000248462 | Nuveen Preferred and Income ETF | NPFI            |

### Nuveen Ultra Short Income ETF (Series ID: S000084190)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000248463 | Nuveen Ultra Short Income ETF | NUSB            |

### Nuveen Sustainable Core ETF (Series ID: S000084191)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000248464 | Nuveen Sustainable Core ETF | NSCR            |

### Nuveen AA-BBB CLO ETF (Series ID: S000088815)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000255190 | Nuveen AA-BBB CLO ETF | NCLO            |

### Nuveen Securitized Income ETF (Series ID: S000094799)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000263343 | Nuveen Securitized Income ETF | NSCI            |

### Nuveen High Yield Corporate Bond ETF (Series ID: S000095479)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000264202 | Nuveen High Yield Corporate Bond ETF | NHYB            |

?xml version='1.0' encoding='ASCII'? Nushares ETF Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number   <u>811-23161</u>

Nushares ETF Trust

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Diana R. Gonzalez

Vice President and Secretary

8500 Andrew Carnegie Boulevard

Charlotte, North Carolina 28262

(Name and address of agent for service)

Registrant's telephone number, including area code:   <u>(312) 917-7700</u>

Date of fiscal year end:   <u>July 31</u>

Date of reporting period:   <u>January 31, 2026</u>

------

**Item 1.** **Reports to Stockholders.**<br>

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen AA-BBB CLO ETF

NCLO/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen AA-BBB CLO ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen AA-BBB CLO ETF | $13 | 0.25% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $150720845 |
|  Total number of portfolio holdings | 90 |
|  Portfolio turnover (%) | 50% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g01a01.jpg) | ![LOGO](g33947g1g01a02.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P730_SAR_0126<br> 5190039 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Core Plus Bond ETF

NCPB/NASDAQ Stock Market LLC

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Core Plus Bond ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Core Plus Bond ETF | $15 | 0.30% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $56940787 |
|  Total number of portfolio holdings | 478 |
|  Portfolio turnover (%) | 44% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g01a03.jpg) | ![LOGO](g33947g1g01a04.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P763_SAR_0126<br> 5190052 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Enhanced Yield U.S. Aggregate Bond ETF

NUAG/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Enhanced Yield U.S. Aggregate Bond ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Enhanced Yield U.S. Aggregate Bond ETF | $9 | 0.18% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $60513801 |
|  Total number of portfolio holdings | 862 |
|  Portfolio turnover (%) | 22% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g05g05.jpg) | ![LOGO](g33947g1g06g06.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, an average of the ratings is used; if two of the three agencies rate a security, an average of the two is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P102_SAR_0126<br> 5190071 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF

NUSA/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | $8 | 0.15% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $33978935 |
|  Total number of portfolio holdings | 303 |
|  Portfolio turnover (%) | 20% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g07g07.jpg) | ![LOGO](g33947g1g08g08.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P110_SAR_0126<br> 5190090 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen ESG High Yield Corporate Bond ETF

NUHY/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen ESG High Yield Corporate Bond ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen ESG High Yield Corporate Bond ETF | $15 | 0.30% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $115959585 |
|  Total number of portfolio holdings | 377 |
|  Portfolio turnover (%) | 25% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g09g09.jpg) | ![LOGO](g33947g1g10g10.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P854_SAR_0126<br> 5190100 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen ESG U.S. Aggregate Bond ETF

NUBD/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen ESG U.S. Aggregate Bond ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen ESG U.S. Aggregate Bond ETF | $8 | 0.15% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $474358075 |
|  Total number of portfolio holdings | 2385 |
|  Portfolio turnover (%) | 5% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g11g11.jpg) | ![LOGO](g33947g1g12g12.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P870_SAR_0126<br> 5190110 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen High Yield Corporate Bond ETF

NHYB/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen High Yield Corporate Bond ETF for the period of September 23, 2025 (inception) to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen High Yield Corporate Bond ETF | $5 | 0.09% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $1603234488 |
|  Total number of portfolio holdings | 1647 |
|  Portfolio turnover (%) | 9% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g01g13.jpg) | ![LOGO](g33947g1g01a14.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P680_SAR_0126<br> 5190123 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Preferred and Income ETF

NPFI/NASDAQ Stock Market LLC

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Preferred and Income ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Preferred and Income ETF | $29 | 0.56% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $129241930 |
|  Total number of portfolio holdings | 154 |
|  Portfolio turnover (%) | 9% |

---

1 continued>>

------

What did the Fund invest in? (as of January 31, 2026)

---

| | | |
|:---|:---|:---|
| ![LOGO](g33947g1g15k01.jpg) | ![LOGO](g33947g1g15k02.jpg) | ![LOGO](g33947g1g16k16.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P771_SAR_0126<br> 5190137 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Securitized Income ETF

NSCI/NYSE Arca

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Securitized Income ETF for the period of September 23, 2025 (inception) to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Securitized Income ETF | $20 | 0.39% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $115114932 |
|  Total number of portfolio holdings | 158 |
|  Portfolio turnover (%) | 26% |

---

What did the Fund invest in? (as of January 31, 2026)

---

| | |
|:---|:---|
| ![LOGO](g33947g1g04o62.jpg) | ![LOGO](g33947g1g45m12.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P698_SAR_0126<br> 5190151 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Sustainable Core ETF

NSCR/NASDAQ Stock Market LLC

(The Fund is scheduled to liquidate on or after April 13, 2026.)

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Sustainable Core ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Sustainable Core ETF | $23 | 0.45% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $6855263 |
|  Total number of portfolio holdings | 56 |
|  Portfolio turnover (%) | 51% |

---

What did the Fund invest in? (as of January 31, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![LOGO](g33947g1g01a18.jpg)

1 continued>>

------

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P748_SAR_0126<br> 5190166 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g33947g1g19w55.jpg) | <br>Semi-Annual Shareholder Report <br>January 31, 2026  |

---

Nuveen Ultra Short Income ETF

NUSB/NASDAQ Stock Market LLC

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Nuveen Ultra Short Income ETF for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br>$10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Nuveen Ultra Short Income ETF | $9 | 0.17% |

---

\* Annualized for period less than one year.

Fund Statistics (as of January 31, 2026)

---

| | |
|:---|:---|
|  Fund net assets | $156312854 |
|  Total number of portfolio holdings | 170 |
|  Portfolio turnover (%) | 13% |

---

1 continued>>

------

What did the Fund invest in? (as of January 31, 2026)

---

| | | |
|:---|:---|:---|
| ![LOGO](g33947g1g64m74.jpg) | ![LOGO](g33947g1g66q04.jpg) | ![LOGO](g33947g1g21u21.jpg) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund uses credit quality ratings for its portfolio securities provided by Moody's, S&P and Fitch. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody's, S&P or Fitch.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67092P755_SAR_0126<br> 5190182 | ![LOGO](g33947g1g01w01.jpg) |

---

2.0 ------

**Item 2.** **Code of Ethics.** <br>

Not applicable to this filing.

------

**Item 3.** **Audit Committee Financial Expert.** <br>

Not applicable to this filing.

------

**Item 4.** **Principal Accountant Fees and Services.** <br>

Not applicable to this filing.

------

**Item 5.** **Audit Committee of Listed Registrants.** <br>

Not applicable to this filing.

------

**Item 6.** **Investments.** <br>

(a) Schedule of Investments is included as part of the financial statements filed under Item 7 of this Form N-CSR.

(b) Not applicable.

------

**Item 7.** **Financial Statements and Financial Highlights for Open-End Management Investment Companies.** <br>

------

#### Portfolio of Investments January 31, 2026

#### NCLO
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 100.2%

INVESTMENT COMPANIES - 1.9%

2,859,503

State Street Institutional US Government Money Market Fund

$

2,859,503

TOTAL INVESTMENT COMPANIES

(Cost $2,859,503)

$

2,859,503

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 98.3%

$

1,500,000

(a),(b)

AGL CLO 42 Ltd (TSFR3M + 1.800%)

5.469 %

07/22/38

1,505,428

3,000,000

(a),(b)

AIMCO CLO (TSFR3M + 2.850%)

6.732 10/17/37

3,022,032

4,000,000

(a),(b)

AIMCO CLO (TSFR3M + 1.800%)

5.468 10/17/38

4,025,192

500,000

(a),(b)

AIMCO CLO 16 Ltd (TSFR3M + 1.650%)

5.318 07/17/37

500,968

1,600,000

(a) AIMCO CLO 18 Ltd (TSFR3M + 1.900%)

5.568 07/20/37

1,603,563

1,250,000

(a) AIMCO CLO 18 Ltd (TSFR3M + 2.850%)

7.175 07/20/37

1,255,926

840,000

(a),(b)

AIMCO CLO 22 Ltd (TSFR3M + 3.400%)

7.068 04/19/37

844,936

550,000

(a),(b)

Allegro CLO XII Ltd (TSFR3M + 3.500%)

7.170 07/21/37

552,097

2,500,000

(a),(b)

Anchorage Capital Clo 20 Ltd (TSFR3M + 1.950%)

5.618 01/20/35

2,504,130

2,000,000

(a),(b)

Apidos CLO LI Ltd (TSFR3M + 1.750%)

5.418 01/20/38

2,007,902

2,000,000

(a),(b)

Ares LXXII CLO Ltd (TSFR3M + 1.700%)

5.372 07/15/36

2,005,994

3,000,000

(a),(b)

Ares LXXV CLO Ltd (TSFR3M + 1.850%)

6.090 01/15/37

3,011,718

2,000,000

(a),(b)

ARES XLIV CLO Ltd (TSFR3M + 1.500%)

5.172 04/15/34

2,002,496

2,000,000

(a),(b)

Ares XXXIV CLO Ltd (TSFR3M + 2.900%)

6.568 07/17/38

2,022,340

1,470,000

(a),(b)

Barings CLO Ltd 2024-V (TSFR3M + 3.000%)

6.672 07/15/38

1,481,779

2,000,000

(a),(b)

Benefit Street Partners Clo 41 Ltd (TSFR3M + 2.750%)

6.418 07/25/38

2,016,890

600,000

(a),(b)

Benefit Street Partners CLO IX Ltd (TSFR3M + 3.100%)

6.768 10/20/37

605,096

1,500,000

(a),(b)

Benefit Street Partners CLO XV Ltd (TSFR3M + 2.000%)

5.672 07/15/37

1,504,352

1,300,000

(a),(b)

Benefit Street Partners CLO XXIX Ltd (TSFR3M + 1.750%)

5.418 01/25/38

1,303,621

2,000,000

(a),(b)

Benefit Street Partners CLO XXXVIII Ltd (TSFR3M + 1.800%)

5.468 01/25/38

2,005,320

730,000

(a),(b)

Blueberry Park CLO Ltd (TSFR3M + 2.900%)

6.568 10/20/37

733,459

1,650,000

(a),(b)

Boyce Park CLO Ltd (TSFR3M + 1.750%)

6.367 04/21/35

1,653,820

2,000,000

(a),(b)

Boyce Park CLO Ltd (TSFR3M + 3.100%)

6.770 04/21/35

2,002,136

1,800,000

(a),(b)

CARLYLE US CLO 2023-4 LTD (TSFR3M + 1.550%)

5.218 10/25/38

1,804,664

1,000,000

(a),(b)

CIFC Funding 2020-III Ltd (TSFR3M + 1.210%)

4.878 10/20/38

1,003,000

950,000

(a),(b)

CIFC Funding 2021-IV Ltd (TSFR3M + 1.900%)

5.571 07/23/37

952,137

1,500,000

(a),(b)

CIFC Funding 2021-VII Ltd (TSFR3M + 1.750%)

5.421 01/23/35

1,502,957

3,550,000

(a),(b)

CIFC Funding 2024-III Ltd (TSFR3M + 2.200%)

5.870 07/21/37

3,567,086

2,000,000

(a),(b)

Davis Park CLO Ltd (TSFR3M + 3.100%)

0.000 07/20/38

2,018,058

1,800,000

(a),(b)

Elmwood CLO 24 Ltd (TSFR3M + 1.750%)

5.418 01/17/38

1,802,493

1,000,000

(a),(b)

Elmwood CLO III Ltd (TSFR3M + 3.100%)

6.768 07/18/37

1,001,411

3,250,000

(a),(b)

Elmwood CLO VIII Ltd (TSFR3M + 2.500%)

6.168 04/20/37

3,263,124

1,500,000

(a),(b)

Elmwood CLO XII Ltd (TSFR3M + 2.000%)

5.672 10/15/37

1,507,532

750,000

(a),(b)

Galaxy 36 CLO Ltd (TSFR3M + 1.230%)

5.008 10/15/38

751,105

1,000,000

(a),(b)

Galaxy 36 CLO Ltd (TSFR3M + 1.600%)

5.378 10/15/38

1,004,541

1,000,000

(a),(b),(c)

Galaxy XXII CLO Ltd (TSFR3M + 1.400%)

0.000 04/16/34

1,001,173

3,000,000

(a),(b)

Goldentree Loan Management US Clo 17 Ltd (TSFR3M +

1.800%)

5.684 01/20/39

3,021,369

1,000,000

(a),(b)

Golub Capital Partners CLO 41B-R Ltd (TSFR3M + 1.700%)

5.370 07/20/38

1,003,342

250,000

(a),(b)

Golub Capital Partners CLO 76 B Ltd (TSFR3M + 2.900%)

6.568 10/25/37

251,236

1,500,000

(a),(b)

Golub Capital Partners CLO, LT (TSFR3M + 1.600%)

5.310 01/20/39

1,502,490

2,000,000

(a),(b)

Higley Park Clo Ltd (TSFR3M + 1.650%)

5.318 07/24/38

2,018,710

3,250,000

(a),(b)

Invesco US CLO 2024-3 Ltd (TSFR3M + 2.250%)

5.918 07/20/37

3,265,987

1,000,000

(a),(b)

KKR CLO 42 Ltd (TSFR3M + 1.650%)

5.318 07/20/34

1,001,624

2,310,000

(a),(b)

KKR CLO 51 Ltd (TSFR3M + 1.850%)

5.734 10/20/37

2,321,063

2,000,000

(a),(b)

Madison Park Funding LXXI Ltd (TSFR3M + 1.500%)

5.171 04/23/38

2,005,890

750,000

(a),(b)

Magnetite XIX Ltd (TSFR3M + 5.100%)

8.768 04/17/34

753,510

1,000,000

(a),(b)

Magnetite Xli Ltd (TSFR3M + 1.290%)

4.958 01/25/38

1,004,677

1,500,000

(a),(b)

Magnetite Xli Ltd (TSFR3M + 1.780%)

5.448 01/25/38

1,506,174

1,000,000

(a),(b),(c)

Magnetite XXIII Ltd (TSFR3M + 1.600%)

0.000 01/25/35

1,000,750

2,000,000

(a),(b)

Magnetite XXVI Ltd (TSFR3M + 1.750%)

5.418 01/25/38

2,003,886

1,500,000

(a),(b)

Magnetite XXVII Ltd (TSFR3M + 1.550%)

5.218 10/20/38

1,510,237

1,500,000

(a),(b)

Magnetite XXVII Ltd (TSFR3M + 1.750%)

5.418 10/20/38

1,505,260

#### Portfolio of Investments January 31, 2026
(continued)

#### NCLO

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

1,000,000

(a),(b)

Magnetite XXXII Ltd (TSFR3M + 1.750%)

5.422 %

10/15/37

$

1,001,828

3,250,000

(a),(b)

MidOcean Credit CLO XVI (TSFR3M + 2.000%)

6.269 10/20/37

3,259,084

2,500,000

(a) MidOcean Credit CLO XVII Ltd (TSFR3M + 1.950%)

5.618 01/20/38

2,507,180

1,550,000

(a),(b)

Neuberger Berman Loan Advisers CLO 26 Ltd (TSFR3M +

2.000%)

5.668 10/18/38

1,555,526

2,500,000

(a),(b)

Neuberger Berman Loan Advisers CLO 31 Ltd (TSFR3M +

1.750%)

5.418 01/20/39

2,509,215

2,000,000

(a),(b)

Neuberger Berman Loan Advisers CLO 34 Ltd (TSFR3M +

1.850%)

5.518 07/20/39

2,006,772

3,000,000

(a),(b)

Neuberger Berman Loan Advisers CLO 34 Ltd (TSFR3M +

2.850%)

6.518 07/20/39

3,034,119

1,000,000

(a),(b)

Neuberger Berman Loan Advisers Lasalle Street Lending CLO I

Ltd (TSFR3M + 3.350%)

7.018 10/25/36

999,065

250,000

(a),(b)

OCP CLO 2020-18 Ltd (TSFR3M + 3.100%)

6.768 07/20/37

251,646

1,000,000

(a),(b)

OCP CLO 2023-30 LTD (TSFR3M + 1.800%)

5.469 01/24/39

1,006,023

1,500,000

(a),(b)

OCP CLO 2024-38 Ltd (TSFR3M + 1.600%)

5.270 01/21/38

1,506,289

750,000

(a),(b)

OHA Credit Funding 2 LTD (TSFR3M + 3.700%)

7.370 01/21/38

751,759

700,000

(a),(b)

OHA Credit Funding 21 Ltd (TSFR3M + 1.600%)

5.554 10/20/38

705,578

750,000

(a),(b)

OHA Credit Funding 8 Ltd (TSFR3M + 1.750%)

5.418 01/20/38

753,168

2,000,000

(a),(b)

OHA Loan Funding 2013-1 Ltd (TSFR3M + 3.300%)

6.971 04/23/37

2,009,812

350,000

(a),(b)

Palmer Square CLO 2023-1 Ltd (TSFR3M + 2.650%)

6.318 01/20/38

350,963

2,000,000

(a),(b)

Palmer Square CLO 2023-1 Ltd (TSFR3M + 3.750%)

7.418 01/20/38

1,996,024

2,700,000

(a),(b)

Palmer Square CLO 2025-1 Ltd (TSFR3M + 1.700%)

5.368 04/20/38

2,710,868

1,500,000

(a),(b)

REESE PARK CLO LTD (TSFR3M + 1.900%)

5.572 01/15/38

1,509,845

1,000,000

(a),(b)

Regatta VI Funding Ltd (TSFR3M + 2.750%)

6.418 10/20/38

1,003,741

500,000

(a),(b)

Riverbank Park Clo Ltd (TSFR3M + 1.800%)

6.092 01/25/38

501,693

3,000,000

(a),(b)

Serenity-Peace Park Clo Ltd (TSFR3M + 1.600%)

5.573 10/24/38

3,017,433

1,000,000

(a),(b)

Sixth Street CLO XX Ltd (TSFR3M + 1.650%)

5.318 07/17/38

1,004,424

1,550,000

(a),(b)

TCW CLO 2020-1 Ltd (TSFR3M + 3.400%)

7.284 04/20/34

1,543,327

1,800,000

(a),(b)

Apidos Clo LIV (TSFR3M + 1.800%)

5.468 10/20/38

1,809,257

1,000,000

(a),(b)

Benefit Street Partners CLO IV Ltd (TSFR3M + 1.800%)

5.468 10/20/38

1,002,920

2,500,000

(a),(b)

CARLYLE US CLO 2021-8 LTD (TSFR3M + 1.900%)

5.572 10/15/38

2,510,048

2,000,000

(a),(b)

Elmwood CLO X Ltd (TSFR3M + 1.950%)

5.618 07/20/38

2,018,856

500,000

(a),(b)

Invesco CLO 2022-3 Ltd (TSFR3M + 3.200%)

7.057 10/22/37

501,298

1,250,000

(a),(b)

Madison Park Funding LI Ltd (TSFR3M + 2.900%)

6.784 10/19/38

1,258,451

2,000,000

(a),(b)

Magnetite XXII Ltd (TSFR3M + 1.600%)

5.272 07/15/36

2,003,540

2,500,000

(a),(b)

Neuberger Berman Loan Advisers CLO 36R Ltd (TSFR3M +

1.650%)

5.318 07/20/39

2,518,285

1,500,000

(a),(b)

Neuberger Berman Loan Advisers CLO 47 Ltd (TSFR3M +

2.800%)

7.005 04/16/35

1,504,486

3,500,000

(a),(b)

OCP CLO 2025-40 Ltd (TSFR3M + 1.700%)

5.594 04/16/38

3,504,305

500,000

(a),(b)

OCP CLO 2025-44 Ltd (TSFR3M + 1.850%)

5.518 10/24/38

502,454

3,500,000

(a),(b)

OHA Credit Funding 10-R Ltd (TSFR3M + 1.800%)

5.468 07/18/38

3,517,010

1,000,000

(a),(b)

Texas Debt Capital CLO 2025-I Ltd (TSFR3M + 1.550%)

5.218 04/24/38

1,002,803

TOTAL SECURITIZED

(Cost $148,102,686)

148,175,776

TOTAL LONG-TERM INVESTMENTS

(Cost $150,962,189)

151,035,279

OTHER ASSETS & LIABILITIES, NET - (0.2)%

(314,434)

NET ASSETS - 100%

$

150,720,845

CLO

Collateralized Loan Obligation

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

See Notes to Financial Statements

(a) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $142,809,107 or 94.6% of Total Investments.

(c) When-issued or delayed delivery security.

#### Portfolio of Investments January 31, 2026

#### NCPB
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 99.9%

CORPORATE DEBT - 37.6%

FINANCIALS - 14.8%

$

55,000

(a) Acrisure LLC / Acrisure Finance Inc

.250

%

02/15/29

$

53,278

20,000

(a) Acrisure LLC / Acrisure Finance Inc

.750

07/01/32

20,504

75,000

Agree LP

.800

10/01/32

75,574

60,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

.750

04/15/28

60,993

40,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

.500

10/01/31

41,114

70,000

Aon North America Inc

.450

03/01/34

72,705

30,000

(a) APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /

APH3 Somerset Inves

.875

11/01/29

30,455

40,000

(a) Ardonagh Finco Ltd

.750

02/15/31

41,351

200,000

(a) Azule Energy Finance Plc

.625

01/22/33

199,839

590,000

Bank of America Corp

.162

01/24/31

608,372

185,000

Bank of America Corp

.744

02/12/36

191,284

75,000

(b) Bank of America Corp

.125

N/A

75,962

50,000

(b) Bank of America Corp

.625

N/A

51,951

50,000

(b) Bank of New York Mellon Corp/The

.300

N/A

51,721

55,000

Berkshire Hathaway Finance Corp

.850

03/15/52

41,982

126,000

(a),(b)

BNP Paribas SA

.450

N/A

132,897

120,000

Citigroup Inc

.503

09/11/31

120,097

70,000

(b) Citigroup Inc

.625

N/A

73,398

30,000

(b) Citigroup Inc

.625

N/A

30,548

31,000

(a) Compass Group Diversified Holdings LLC

.250

04/15/29

28,788

200,000

(a),(b)

Credit Agricole SA

.125

N/A

209,121

40,000

(a) Encore Capital Group Inc

.625

04/15/31

40,339

55,000

(a) FirstCash Inc

.875

03/01/32

57,173

55,000

(a) Five Corners Funding Trust II

.850

05/15/30

51,864

40,000

(a) Genesee & Wyoming Inc

.250

04/15/32

41,179

210,000

Goldman Sachs Group Inc/The

.536

01/28/36

217,092

80,000

(b) Goldman Sachs Group Inc/The

.379

N/A

80,016

80,000

(b) Goldman Sachs Group Inc/The

.500

N/A

84,619

100,000

Healthcare Realty Holdings LP

.750

07/01/27

99,429

50,000

Healthcare Realty Holdings LP

.050

03/15/31

43,809

50,000

Highwoods Realty LP

.600

02/01/31

44,928

200,000

(b) HSBC Holdings PLC

.000

N/A

210,477

45,000

(a) HUB International Ltd

.250

06/15/30

46,951

50,000

(b) Huntington Bancshares Inc/OH

.625

N/A

50,824

60,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

.250

05/15/27

59,357

65,000

(a) Jane Street Group / JSG Finance Inc

.125

11/01/32

66,203

20,000

(a) Jane Street Group / JSG Finance Inc

.750

05/01/33

20,803

645,000

JPMorgan Chase & Co

.851

07/25/28

652,903

220,000

JPMorgan Chase & Co

.103

04/22/31

226,906

345,000

JPMorgan Chase & Co

.572

04/22/36

359,957

55,000

(b) JPMorgan Chase & Co

.875

N/A

58,023

50,000

(b) JPMorgan Chase & Co

.650

N/A

49,956

40,000

Kennedy-Wilson Inc

.750

03/01/29

39,142

100,000

MetLife Inc

.350

03/15/55

105,026

25,000

(a) Molina Healthcare Inc

.250

01/15/33

25,176

305,000

Morgan Stanley

.664

04/17/36

318,630

210,000

Morgan Stanley Bank NA

.968

07/14/28

212,739

290,000

Morgan Stanley Private Bank NA

.465

11/19/31

290,092

40,000

MPT Operating Partnership LP / MPT Finance Corp

.500

03/15/31

29,639

20,000

(a) MPT Operating Partnership LP / MPT Finance Corp

.500

02/15/32

21,427

200,000

(a) Muthoot Finance Ltd

.750

08/04/30

199,678

50,000

Navient Corp

.500

03/15/29

48,905

65,000

(a) Omnis Funding Trust

.722

05/15/55

68,295

65,000

OneMain Finance Corp

.375

11/15/29

64,829

40,000

OneMain Finance Corp

.125

05/15/30

40,776

20,000

OneMain Finance Corp

.500

03/15/33

20,102

85,000

(a) Panther Escrow Issuer LLC

.125

06/01/31

87,544

40,000

(a) PennyMac Financial Services Inc

.875

12/15/29

42,133

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

20,000

(a) PennyMac Financial Services Inc

.875

%

05/15/32

$

20,439

150,000

Piedmont Operating Partnership LP

.250

07/20/28

166,214

25,000

(b) PNC Financial Services Group Inc/The

.400

N/A

24,614

30,000

(b) PNC Financial Services Group Inc/The

.200

N/A

30,458

40,000

Prudential Financial Inc

.200

03/14/35

40,804

70,000

Prudential Financial Inc

.125

03/01/52

69,137

50,000

Prudential Financial Inc

.500

03/15/54

52,641

60,000

Reinsurance Group of America Inc

.750

09/15/34

62,399

20,000

(a) Rocket Cos Inc

.125

08/01/30

20,476

40,000

(a) Rocket Cos Inc

.375

08/01/33

41,498

55,000

(a) Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc

.000

10/15/33

50,503

350,000

Royal Bank of Canada

.750

08/24/85

361,943

25,000

(a) Ryan Specialty LLC

.875

08/01/32

25,415

200,000

Saudi Awwal Bank

, Reg S

.947

09/04/35

202,191

25,000

(a) Starwood Property Trust Inc

.500

07/01/30

26,034

85,000

(b) State Street Corp

.700

N/A

88,167

160,000

(b) Truist Financial Corp

.669

N/A

160,258

115,000

UnitedHealth Group Inc

.350

02/15/33

119,521

110,000

UnitedHealth Group Inc

.500

07/15/44

108,145

55,000

UnitedHealth Group Inc

.050

04/15/53

49,390

25,000

(a) UWM Holdings LLC

.625

02/01/30

25,216

50,000

Ventas Realty LP

.000

01/15/35

49,932

20,000

(a) Walker & Dunlop Inc

.625

04/01/33

20,502

65,000

Wells Fargo & Co

.605

04/23/36

67,759

40,000

(b) Wells Fargo & Co

.900

N/A

39,956

100,000

(b) Wells Fargo & Co

.625

N/A

106,504

35,000

(a) Wynnton Funding Trust

.251

08/15/35

35,135

TOTAL FINANCIALS

8,454,126

INDUSTRIAL - 19.9%

40,000

(a) 1011778 BC ULC / New Red Finance Inc

.125

06/15/29

41,007

50,000

(a) ADT Security Corp/The

.875

07/15/32

48,418

60,000

(a) AECOM

.000

08/01/33

61,464

40,000

(a) Ahead DB Holdings LLC

.625

05/01/28

39,560

40,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.500

02/15/28

40,641

20,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.500

03/31/31

20,035

15,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.250

03/15/33

15,316

40,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.750

03/31/34

39,339

20,000

(a) Albion Financing 1 SARL / Aggreko Holdings Inc

.000

05/21/30

20,845

100,000

Alphabet Inc

.100

11/15/30

100,080

100,000

Amcor Group Finance PLC

.450

05/23/29

103,805

175,000

American Tower Corp

.800

11/15/28

182,738

190,000

Amgen Inc

.650

03/02/53

187,020

30,000

(a) AMN Healthcare Inc

.500

01/15/31

30,393

80,000

Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc

.700

02/01/36

78,893

51,000

Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc

.900

02/01/46

47,061

50,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

.625

02/01/32

51,940

20,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

.750

10/15/33

20,218

30,000

(a) Archrock Partners LP / Archrock Partners Finance Corp

.250

04/01/28

30,076

50,000

(a) Archrock Partners LP / Archrock Partners Finance Corp

.625

09/01/32

51,830

30,000

(a) Arsenal AIC Parent LLC

.000

10/01/30

31,771

40,000

(a) Asbury Automotive Group Inc

.000

02/15/32

38,872

35,000

(a) ASGN Inc

.625

05/15/28

34,470

260,000

AT&T Inc

.500

09/15/53

173,667

155,000

AT&T Inc

.800

12/01/57

106,700

20,000

(a) Avient Corp

.250

11/01/31

20,563

30,000

(a) Bath & Body Works Inc

.625

10/01/30

30,723

40,000

Baxter International Inc

.450

02/15/29

40,141

200,000

(a) Bidvest Group UK PLC/The

.200

09/17/32

203,798

#### Portfolio of Investments January 31, 2026
(continued)

#### NCPB

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

110,000

Block Inc

.500

%

05/15/32

$

114,285

20,000

(a) Block Inc

.000

08/15/33

20,430

70,000

Boeing Co/The

.528

05/01/34

77,437

170,000

Boeing Co/The

.805

05/01/50

167,902

95,000

Broadcom Inc

.300

01/15/31

94,942

50,000

Broadcom Inc

.950

01/15/36

49,950

50,000

Broadcom Inc

.700

01/15/56

50,386

25,000

(a) Buckeye Partners LP

.750

02/01/30

26,194

20,000

(a) CACI International Inc

.375

06/15/33

20,751

40,000

(a) Caesars Entertainment Inc

.500

02/15/32

40,901

40,000

(a) Caesars Entertainment Inc

.000

10/15/32

38,914

35,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

.125

05/01/27

35,014

35,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

.500

08/15/30

32,894

30,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

.250

02/01/31

27,466

30,000

(a) Chart Industries Inc

.500

01/01/30

31,214

110,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.550

06/01/34

115,547

195,000

Cheniere Energy Partners LP

.500

10/01/29

195,749

20,000

(a) Chord Energy Corp

.000

10/01/30

20,390

40,000

(a) Chord Energy Corp

.750

03/15/33

41,467

40,000

(a) CHS/Community Health Systems Inc

.250

05/15/30

37,717

50,000

(a) Churchill Downs Inc

.750

04/01/30

50,271

25,000

(a) Clarios Global LP / Clarios US Finance Co

.750

02/15/30

26,153

45,000

(a) CNX Resources Corp

.250

03/01/32

47,080

60,000

Comcast Corp

.650

06/01/54

56,243

25,000

(a) Commercial Metals Co

.000

12/15/35

25,543

20,000

(a) Concentra Health Services Inc

.875

07/15/32

20,940

75,000

Constellation Brands Inc

.800

05/01/30

76,311

55,000

(a) Cushman & Wakefield US Borrower LLC

.750

05/15/28

55,344

45,000

CVS Health Corp

.450

09/15/35

45,786

170,000

CVS Health Corp

.050

03/25/48

149,499

40,000

(a) DaVita Inc

.625

06/01/30

38,489

55,000

(a) DaVita Inc

.875

09/01/32

56,652

40,000

(a) DaVita Inc

.750

07/15/33

41,056

35,000

Enbridge Inc

.500

01/15/84

40,051

30,000

Encompass Health Corp

.500

02/01/28

29,859

35,000

Energy Transfer LP

.200

04/01/30

36,114

120,000

Enterprise Products Operating LLC

.450

02/15/43

105,265

20,000

(a) Esab Corp

.250

04/15/29

20,551

20,000

(a) Fair Isaac Corp

.000

05/15/33

20,379

50,000

(a) Ferrellgas LP / Ferrellgas Finance Corp

.875

04/01/29

48,098

200,000

(a) Ford Otomotiv Sanayi AS

.125

04/25/29

207,014

35,000

(a) Gen Digital Inc

.750

09/30/27

35,292

20,000

(a) Gen Digital Inc

.250

04/01/33

20,096

155,000

General Motors Financial Co Inc

.350

01/07/30

160,203

20,000

(b) General Motors Financial Co Inc

.750

N/A

19,885

20,000

Genesis Energy LP / Genesis Energy Finance Corp

.875

05/15/32

20,870

20,000

(a) Global Medical Response Inc

.375

10/01/32

20,680

20,000

(a) Goat Holdco LLC

.750

02/01/32

20,540

30,000

Goodyear Tire & Rubber Co/The

.000

07/15/29

29,380

55,000

Goodyear Tire & Rubber Co/The

.250

04/30/31

52,933

54,000

(a) Gray Media Inc

.500

07/15/29

58,002

40,000

(a) Gray Media Inc

.250

08/15/33

40,951

180,000

(a) Grupo Aeromexico SAB de CV

.250

11/15/29

184,950

65,000

Haleon US Capital LLC

.625

03/24/32

61,917

140,000

HCA Inc

.250

03/01/30

144,522

45,000

HCA Inc

.200

03/01/55

45,805

20,000

(a) Herc Holdings Inc

.625

06/15/29

20,698

20,000

(a) Herc Holdings Inc

.000

06/15/30

20,991

20,000

(a) Herc Holdings Inc

.250

06/15/33

21,166

60,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

.250

04/15/32

57,546

45,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

.375

11/01/33

46,720

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

72,000

(a) Hilton Domestic Operating Co Inc

.875

%

04/01/29

$

73,666

20,000

(a) Holdco II SAS

.500

04/15/31

21,416

20,000

(a) Holdco II SAS

.000

04/15/32

20,499

50,000

Honeywell International Inc

.250

03/01/54

47,449

60,000

(a) Imola Merger Corp

.750

05/15/29

59,036

60,000

(a) IQVIA Inc

.250

06/01/32

62,337

55,000

(a) Iron Mountain Inc

.000

02/15/29

56,514

40,000

(a) Iron Mountain Inc

.250

01/15/33

40,420

50,000

(a) Kinetik Holdings LP

.625

12/15/28

51,486

40,000

(a) Kodiak Gas Services LLC

.250

02/15/29

41,489

20,000

(a) Kodiak Gas Services LLC

.500

10/01/33

20,486

20,000

(a) Kodiak Gas Services LLC

.750

10/01/35

20,665

40,000

Kohl's Corp

.125

05/01/31

34,243

50,000

Kraft Heinz Foods Co

.500

06/01/50

46,561

45,000

Kroger Co/The

.000

09/15/34

45,041

70,000

L3Harris Technologies Inc

.400

07/31/33

72,886

40,000

Lamar Media Corp

.875

01/15/29

40,004

30,000

(a) LCM Investments Holdings II LLC

.250

08/01/31

31,604

40,000

(a) Level 3 Financing Inc

.875

06/30/33

41,220

60,000

(a) Level 3 Financing Inc

.000

03/31/34

62,148

30,000

(a) Light & Wonder International Inc

.500

09/01/31

31,393

20,000

(a) Light & Wonder International Inc

.250

10/01/33

20,250

70,000

Marathon Petroleum Corp

.750

09/15/44

60,404

30,000

(a) Marriott Ownership Resorts Inc

.500

06/15/29

28,620

155,000

(a) Mars Inc

.800

03/01/30

158,361

55,000

(a) Mars Inc

.200

03/01/35

56,312

55,000

(a) Mars Inc

.650

05/01/45

55,479

120,000

(a) Mars Inc

.700

05/01/55

119,601

20,000

(a) Masterbrand Inc

.000

07/15/32

20,740

20,000

(a) Matador Resources Co

.250

04/15/33

20,157

30,000

(a) McGraw-Hill Education Inc

.375

09/01/31

31,539

125,000

Meta Platforms Inc

.625

11/15/55

118,935

30,000

MGM Resorts International

.125

09/15/29

30,684

60,000

(a) Michaels Cos Inc/The

.250

05/01/28

59,346

200,000

(a) Millicom International Cellular SA

.375

04/02/32

208,076

20,000

(a) Millrose Properties Inc

.250

09/15/32

20,226

58,000

(a) Mineral Resources Ltd

.250

10/01/28

60,924

20,000

(a) Mineral Resources Ltd

.000

04/01/31

21,019

20,000

(a) Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC

.750

04/01/32

20,541

20,000

(a) NCL Corp Ltd

.875

01/15/31

20,055

20,000

(a) NCL Corp Ltd

.250

09/15/33

20,110

30,000

Newell Brands Inc

.375

09/15/27

30,253

30,000

(a) Noble Finance II LLC

.000

04/15/30

31,274

100,000

Nutrien Ltd

.900

03/27/28

101,797

20,000

(a) Olin Corp

.625

04/01/33

19,598

125,000

ONEOK Inc

.700

11/01/54

116,799

50,000

(a) Open Text Holdings Inc

.125

02/15/30

46,445

65,000

Oracle Corp

.450

09/26/30

63,447

35,000

Oracle Corp

.200

09/26/35

33,355

60,000

O'Reilly Automotive Inc

.200

04/01/30

59,927

30,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

.125

04/30/28

29,425

55,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

.125

04/30/31

49,948

30,000

(a) PBF Holding Co LLC / PBF Finance Corp

.875

09/15/30

30,041

30,000

(a) Permian Resources Operating LLC

.000

01/15/32

31,449

40,000

(a) Phinia Inc

.625

10/15/32

41,642

45,000

(a) Post Holdings Inc

.250

02/15/32

46,206

40,000

(a) Post Holdings Inc

.375

03/01/33

40,307

35,000

(a) Primo Water Holdings Inc / Triton Water Holdings Inc

.375

04/30/29

34,218

40,000

(a) Qnity Electronics Inc

.750

08/15/32

40,749

20,000

(a) Qnity Electronics Inc

.250

08/15/33

20,642

20,000

(a) Quikrete Holdings Inc

.375

03/01/32

20,742

40,000

(a) QXO Building Products Inc

.750

04/30/32

41,219

#### Portfolio of Investments January 31, 2026
(continued)

#### NCPB

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

100,000

RTX Corp

.000

%

03/15/31

$

107,587

20,000

(a) Science Applications International Corp

.875

11/01/33

20,157

40,000

(a) Sealed Air Corp

.500

07/15/32

41,526

50,000

(a) Sealed Air Corp/Sealed Air Corp US

.250

02/15/31

52,064

40,000

Service Corp International/US

.750

10/15/32

40,635

45,000

(a) Sirius XM Radio LLC

.125

07/01/30

42,436

30,000

(a) Sirius XM Radio LLC

.875

09/01/31

27,401

200,000

(a) Sisecam UK PLC

.375

01/23/33

204,593

200,000

(a) Sitios Latinoamerica SAB de CV

.000

11/25/29

206,420

60,000

(a) SIX FLAGS ENTERTAINMENT

.625

05/01/32

61,311

20,000

(a) Solstice Advanced Materials Inc

.625

09/30/33

20,106

40,000

(a) Standard Building Solutions Inc

.250

08/01/33

40,886

20,000

(a) Stonepeak Nile Parent LLC

.250

03/15/32

21,128

50,000

(a) Sunoco LP

.000

05/01/29

51,992

40,000

(a) Sunoco LP

.625

05/01/30

39,003

20,000

(a) Sunoco LP

.625

03/31/31

20,123

20,000

(a) Sunoco LP

.875

03/15/34

20,053

50,000

(a) Sunrise FinCo I BV

.875

07/15/31

47,891

42,000

Tenet Healthcare Corp

.125

10/01/28

42,043

75,000

Tenet Healthcare Corp

.375

01/15/30

73,699

59,000

Teva Pharmaceutical Finance Netherlands III BV

.150

10/01/26

58,533

105,000

T-Mobile USA Inc

.125

05/15/32

107,926

130,000

T-Mobile USA Inc

.300

05/15/35

132,553

40,000

T-Mobile USA Inc

.875

11/15/55

39,736

65,000

TotalEnergies Capital SA

.488

04/05/54

63,202

25,000

Transcanada Trust

.500

09/15/79

24,942

45,000

(a) TransDigm Inc

.875

12/15/30

46,871

40,000

(a) TransDigm Inc

.000

01/15/33

40,756

23,000

(a) Transocean International Ltd

.750

02/15/30

23,455

100,000

(a) United Rentals North America Inc

.375

11/15/33

99,941

35,000

(a) Univision Communications Inc

.500

05/01/29

33,430

40,000

(a) USA Compression Partners LP / USA Compression Finance Corp

.125

03/15/29

41,417

20,000

(a) USA Compression Partners LP / USA Compression Finance Corp

.250

10/01/33

20,260

45,000

(a) Venture Global Calcasieu Pass LLC

.125

08/15/31

41,523

55,000

(a) Venture Global LNG Inc

.875

02/01/32

58,151

20,000

(a) Venture Global Plaquemines LNG LLC

.500

01/15/34

20,756

25,000

Veritiv Operating Co

.500

11/30/30

26,769

215,000

Verizon Communications Inc

.780

02/15/35

211,006

45,000

(a) Viking Baked Goods Acquisition Corp

.625

11/01/31

44,560

30,000

(a) VistaJet Malta Finance PLC / Vista Management Holding Inc

.375

02/01/30

28,463

45,000

(a) Vmed O2 UK Financing I PLC

.750

07/15/31

41,119

40,000

Vodafone Group PLC

.125

06/04/81

31,751

40,000

(a) VZ Secured Financing BV

.000

01/15/32

36,118

30,000

Walmart Inc

.500

09/22/41

21,700

35,000

Walmart Inc

.500

04/15/53

30,888

20,000

(a) Wand NewCo 3 Inc

.625

01/30/32

21,029

35,000

Waste Management Inc

.950

03/15/35

35,456

20,000

(a) Wayfair LLC

.250

10/31/29

20,912

30,000

(a) WESCO Distribution Inc

.250

06/15/28

30,361

20,000

(a) WESCO Distribution Inc

.375

03/15/33

20,825

20,000

(a) WEX Inc

.500

03/15/33

20,413

40,000

Williams Cos Inc/The

.650

03/15/33

41,827

50,000

(a) Windsor Holdings III LLC

.500

06/15/30

52,687

20,000

(a) Windstream Services LLC

.500

10/15/33

20,649

25,000

(a) Windstream Services LLC / Windstream Escrow Finance Corp

.250

10/01/31

26,188

40,000

(a) Wynn Resorts Finance LLC / Wynn Resorts Capital Corp

.250

03/15/33

40,753

70,000

(a) ZF North America Capital Inc

.750

04/23/30

70,184

TOTAL INDUSTRIAL

11,320,368

UTILITY - 2.9%

130,000

AEP Transmission Co LLC

.400

03/15/53

125,711

15,000

American Water Capital Corp

.700

09/01/55

14,943

70,000

Atmos Energy Corp

.000

12/15/54

63,359

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

25,000

(a) California Buyer Ltd / Atlantica Sustainable Infrastructure PLC

.375

%

02/15/32

$

24,930

40,000

(a) Clearway Energy Operating LLC

.750

03/15/28

39,972

35,000

CMS Energy Corp

.500

06/01/55

36,150

200,000

(a) Comision Federal de Electricidad

.000

01/28/34

200,000

25,000

Commonwealth Edison Co

.950

06/01/55

25,823

20,000

(a) ContourGlobal Power Holdings SA

.750

02/28/30

20,626

55,000

Dominion Energy Inc

.300

04/15/41

41,777

35,000

Dominion Energy Inc

.000

06/01/54

37,848

50,000

Dominion Energy Inc

.625

05/15/55

51,407

45,000

DTE Electric Co

.400

04/01/53

43,782

60,000

Duke Energy Carolinas LLC

.250

12/15/41

52,943

55,000

Duke Energy Carolinas LLC

.400

01/15/54

53,235

50,000

Exelon Corp

.500

03/15/55

51,905

120,000

Florida Power & Light Co

.800

05/15/33

121,866

115,000

Georgia Power Co

.650

09/15/29

109,589

30,000

NiSource Inc

.850

04/01/55

29,832

65,000

NRG Energy Inc

.750

01/15/28

65,037

40,000

(a) NRG Energy Inc

.000

02/01/33

40,767

20,000

(a) NRG Energy Inc

.250

11/01/34

20,532

30,000

(a) Pattern Energy Operations LP / Pattern Energy Operations Inc

.500

08/15/28

29,711

50,000

PECO Energy Co

.800

06/15/50

31,350

50,000

Public Service Co of Colorado

.050

09/15/49

39,184

75,000

(a) Talen Energy Supply LLC

.625

06/01/30

79,133

40,000

(a) Talen Energy Supply LLC

.250

02/01/34

40,538

40,000

(a) Talen Energy Supply LLC

.500

02/01/36

41,010

40,000

(a) TerraForm Power Operating LLC

.750

01/15/30

38,810

50,000

Wisconsin Public Service Corp

.250

01/15/31

49,956

30,000

(a) XPLR Infrastructure Operating Partners LP

.375

01/15/31

31,513

TOTAL UTILITY

1,653,239

TOTAL CORPORATE DEBT

(Cost $21,114,488)

21,427,733

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT RELATED - 3.8%

GOVERNMENT AGENCY - 1.2%

194,000

Aeropuerto Internacional de Tocumen SA

, Reg S

.000

08/11/41

162,365

200,000

(a) Corp Nacional del Cobre de Chile

.150

10/24/36

212,063

102,000

(a) OCP SA

.125

06/23/51

82,655

225,000

(a) Petronas Capital Ltd

.480

01/28/32

202,063

TOTAL GOVERNMENT AGENCY

659,146

SOVEREIGN DEBT - 2.6%

204,000

Colombia Government International Bond

.000

06/15/45

150,042

250,000

(a) Eagle Funding Luxco Sarl

.500

08/17/30

253,955

200,000

(a) Egypt Government International Bond

.500

01/31/47

193,687

250,000

(a) Hungary Government International Bond

.125

09/22/31

215,207

200,000

(a) Ivory Coast Government International Bond

.125

06/15/33

197,378

150,000

Republic of Poland Government International Bond

.375

02/12/35

154,131

110,000

Republic of South Africa Government International Bond

.250

03/08/41

103,064

200,000

(a) Saudi Government International Bond

.000

01/16/34

202,469

TOTAL SOVEREIGN DEBT

1,469,933

TOTAL GOVERNMENT RELATED

(Cost $2,073,371)

2,129,079

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 42.8%

250,000

(a),(c)

ARDN 2025-ARCP Mortgage Trust (TSFR1M + 2.000%)

.680

06/15/35

251,246

100,000

(a),(c)

BAMLL Trust 2025-ASHF (TSFR1M + 2.350%)

.031

02/15/42

100,292

100,000

Barclays Commercial Mortgage Trust 2019-C4

.469

08/15/52

82,861

250,000

(a),(c)

BBCMS Trust 2015-SRCH

.957

08/10/35

240,302

150,000

(a),(c)

BBCMS Trust 2018-CBM (TSFR1M + 1.297%)

.978

07/15/37

146,651

#### Portfolio of Investments January 31, 2026
(continued)

#### NCPB

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

150,000

(c) Benchmark 2018-B1 Mortgage Trust

.878

%

01/15/51

$

146,574

200,000

(c) Benchmark 2018-B2 Mortgage Trust

.292

02/15/51

156,782

100,000

(c) Benchmark 2018-B3 Mortgage Trust

.553

04/10/51

88,419

250,000

Benchmark 2019-B14 Mortgage Trust

.493

12/15/62

205,729

150,000

(a),(c)

BLP Commercial Mortgage Trust (TSFR1M + 2.050%)

.730

12/15/42

150,690

100,000

(a),(c)

BX Commercial Mortgage Trust 2024-BRBK (TSFR1M + 4.874%)

.551

10/15/41

100,857

100,000

(c) Cantor Commercial Real Estate Lending 2019-CF1

.352

05/15/52

83,786

250,000

(a),(c)

CIFC Funding 2021-II (TSFR3M + 1.550%)

.222

01/15/39

251,521

100,000

(c) Citigroup Commercial Mortgage Trust 2015-GC29

.974

04/10/48

91,370

100,000

(c) Citigroup Commercial Mortgage Trust 2016-P3

.271

04/15/49

96,611

100,000

(c) Citigroup Commercial Mortgage Trust 2017-C4

.096

10/12/50

97,594

220,000

(a),(c)

COLT 2025-12 Mortgage Loan Trust

.681

01/26/71

221,342

150,000

(c) COMM 2018-COR3 Mortgage Trust

.538

05/10/51

129,657

25,000

(a),(c)

Connecticut Avenue Securities Trust (SOFR30A + 3.100%)

.797

06/25/43

26,007

50,000

(a),(c)

Connecticut Avenue Securities Trust 2022-R03 (SOFR30A +

9.850%)

.823

03/25/42

54,703

305,000

(a),(c)

Connecticut Avenue Securities Trust 2023-R04 (SOFR30A +

3.550%)

.247

05/25/43

319,756

185,000

(a),(c)

Connecticut Avenue Securities Trust 2023-R05 (SOFR30A +

4.750%)

.447

06/25/43

198,367

100,000

(a) Consolidated Communications LLC/Fidium Fiber Finance Holdco

LLC

.522

12/20/55

101,500

100,000

(a) Crescendo Royalty Funding LP

.567

12/20/51

99,230

150,000

CSAIL 2019-C17 Commercial Mortgage Trust

.278

09/15/52

137,069

150,000

(a),(d)

DataBank Issuer

.811

02/25/56

150,483

92,250

(a) DB Master Finance LLC

.030

11/20/47

91,761

100,000

(a) DB Master Finance LLC

.891

08/20/55

99,784

198,625

DBJPM 2016-C3 Mortgage Trust

.632

08/10/49

197,951

150,000

(a),(c)

DBSG 2024-ALTA Mortgage Trust

.595

06/10/37

152,251

150,000

(a) Domino's Pizza Master Issuer LLC

.930

07/25/55

150,851

100,000

(a),(c)

EQT Trust 2024-EXTR

.331

07/05/41

102,195

390,033

Fannie Mae Pool FN MA4512

.500

01/01/52

333,534

186,542

Fannie Mae Pool FN MA4548

.500

02/01/52

159,347

190,001

Fannie Mae Pool FN CB2795

.000

02/01/52

168,796

110,224

Fannie Mae Pool FN MA4578

.500

04/01/52

94,154

154,652

Fannie Mae Pool FN MA4579

.000

04/01/52

137,482

333,235

Fannie Mae Pool FN FS1533

.000

04/01/52

299,240

75,733

Fannie Mae Pool FN FS7299

.000

05/01/52

67,997

560,869

Fannie Mae Pool FN MA4600

.500

05/01/52

519,332

631,995

Fannie Mae Pool FN MA4684

.500

06/01/52

621,753

615,279

Fannie Mae Pool FN MA4700

.000

08/01/52

588,935

141,808

Fannie Mae Pool FN MA4737

.000

08/01/52

142,378

501,769

Fannie Mae Pool FN MA4733

.500

09/01/52

493,585

580,333

Fannie Mae Pool FN MA4783

.000

10/01/52

555,216

91,984

Fannie Mae Pool FN MA4784

.500

10/01/52

90,540

249,614

Fannie Mae Pool FN MA4785

.000

10/01/52

250,694

53,635

Fannie Mae Pool FN MA4804

.000

11/01/52

51,490

462,140

Fannie Mae Pool FN MA4805

.500

11/01/52

454,460

550,894

Fannie Mae Pool FN MA4978

.000

04/01/53

552,937

400,039

Fannie Mae Pool FN MA5039

.500

06/01/53

406,981

42,788

Fannie Mae Pool FN MA5089

.000

07/01/53

40,950

123,526

Fannie Mae Pool FN MA5106

.000

08/01/53

123,870

190,412

Fannie Mae Pool FN MA5107

.500

08/01/53

193,629

689,515

Fannie Mae Pool FN MA5165

.500

10/01/53

700,850

74,742

Fannie Mae Pool FN MA5247

.000

01/01/54

76,609

1,090,449

Fannie Mae Pool FN FA0197

.000

02/01/54

1,047,473

244,116

Fannie Mae Pool FN MA5295

.000

03/01/54

250,333

557,580

Fannie Mae Pool FN MA5331

.500

04/01/54

565,727

692,938

Fannie Mae Pool FN MA5353

.500

05/01/54

703,062

20,681

Fannie Mae Pool FN MA5389

.000

06/01/54

21,190

83,655

Fannie Mae Pool FN MA5497

.500

10/01/54

84,855

57,002

Fannie Mae REMICS

.500

04/25/52

44,878

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

67,407

(a),(c)

Flagstar Mortgage Trust 2021-5INV

.500

%

07/25/51

$

56,414

396,798

Freddie Mac Pool FR RA6766

.500

02/01/52

342,764

551,714

Freddie Mac Pool FR SD8213

.000

05/01/52

490,800

12,080

Freddie Mac Pool FR SD8220

.000

06/01/52

10,728

671,947

Freddie Mac Pool FR SD8231

.500

07/01/52

660,462

491,644

Freddie Mac Pool FR SD8329

.000

06/01/53

493,341

25,070

Freddie Mac Pool FR SD4999

.000

08/01/53

25,163

27,812

Freddie Mac REMICS

.000

09/25/50

19,275

185,000

(a),(c)

Freddie Mac STACR REMIC Trust 2022-DNA3 (SOFR30A +

5.650%)

.647

04/25/42

195,051

170,000

(a),(c)

Freddie Mac STACR REMIC Trust 2022-DNA6 (SOFR30A +

3.700%)

.397

09/25/42

177,093

46,494

Ginnie Mae II Pool G2 MA7419

.000

06/20/51

42,012

111,613

Ginnie Mae II Pool G2 MA7768

.000

12/20/51

100,971

195,923

Ginnie Mae II Pool G2 MA7989

.500

04/20/52

181,230

253,629

Ginnie Mae II Pool G2 MA8149

.500

07/20/52

234,895

375,053

Ginnie Mae II Pool G2 MA8267

.000

09/20/52

358,156

176,700

Ginnie Mae II Pool G2 MA8489

.500

12/20/52

173,832

51,548

Ginnie Mae II Pool G2 MA8724

.500

03/20/53

50,661

250,000

(c) GS Mortgage Securities Trust 2017-GS5

.826

03/10/50

238,558

100,000

GS Mortgage Securities Trust 2017-GS7

.236

08/10/50

90,369

100,000

(c) GS Mortgage Securities Trust 2020-GC45

.173

02/13/53

93,143

92,273

(a),(c)

GS Mortgage-Backed Securities Trust 2022-LTV2

.352

12/25/52

84,552

150,000

(a),(c)

Houston Galleria Mall Trust

.462

02/05/45

156,174

185,000

(a),(c)

HTL Commercial Mortgage Trust 2024-T53

.555

05/10/39

187,824

250,000

(a),(c)

IP 2025-IP Mortgage Trust

.425

06/10/42

254,707

43,276

(a),(c)

J.P. Morgan Mortgage Trust

.250

07/25/52

39,018

97,658

(a),(c)

J.P. Morgan Mortgage Trust

.000

11/25/52

84,730

180,268

(a),(c)

J.P. Morgan Mortgage Trust 2021-INV8

.280

05/25/52

152,950

240,000

(a),(d)

Jersey Mike's Funding LLC

.952

02/15/56

240,000

72,120

(a),(c)

JP Morgan Mortgage Trust

.000

05/25/54

62,753

69,994

(a),(c)

JP Morgan Mortgage Trust 2017-5

.745

10/26/48

70,595

70,646

(a),(c)

JP Morgan Mortgage Trust 2021-11

.500

01/25/52

59,125

69,990

(a),(c)

JP Morgan Mortgage Trust 2021-7

.500

11/25/51

58,575

178,709

(a),(c)

JP Morgan Mortgage Trust 2021-INV4

.206

01/25/52

147,789

178,945

(a),(c)

JP Morgan Mortgage Trust 2021-INV6

.345

04/25/52

149,547

150,000

JPMDB Commercial Mortgage Securities Trust 2017-C5

.694

03/15/50

148,489

100,000

(c) JPMDB Commercial Mortgage Securities Trust 2017-C5

.858

03/15/50

92,319

100,000

JPMDB Commercial Mortgage Securities Trust 2017-C7

.985

10/15/50

95,154

100,000

(a) Lmdv Issuer Co LLC

.310

12/15/55

100,767

250,000

(a),(c)

Magnetite XXIII Ltd (TSFR3M + 3.312%)

.980

01/25/35

250,013

100,000

(a) MetroNet Infrastructure Issuer LLC

.163

12/20/55

101,049

80,750

(a),(c)

Morgan Stanley Residential Mortgage Loan Trust 2023-1

.000

02/25/53

75,350

100,000

(a),(c)

MTN Commercial Mortgage Trust 2022-LPFL (TSFR1M + 2.394%)

.673

03/15/39

100,168

250,000

(a),(d)

OHS Issuer LLC

.000

02/25/61

247,462

175,000

(a) One Bryant Park Trust 2019-OBP

.516

09/15/54

163,177

200,000

(a) Onemain Financial Issuance Trust 2025-1

.200

07/14/38

202,905

100,000

(a) Planet Fitness Master Issuer LLC

.274

12/06/55

100,907

300,000

(a) QTS Issuer ABS II LLC

.364

01/05/56

301,676

201,199

(a),(c)

Sequoia Mortgage Trust 2020-1

.853

02/25/50

162,107

99,273

(a),(c)

Sequoia Mortgage Trust 2025-S2

.000

11/25/55

92,946

209,723

(a) Sierra Timeshare 2024-3 Receivables Funding LLC

.980

08/20/41

210,505

100,000

(a) Sotheby's Artfi Master Trust

.800

06/20/33

100,410

150,000

(a),(c)

SYCA Commercial Mortgage Trust 2025-WAG

.884

11/10/42

151,964

147,375

(a) Taco Bell Funding LLC

.294

08/25/51

137,177

150,000

(a) Taco Bell Funding LLC

.821

08/25/55

149,588

150,000

(a),(c)

TX Trust 2024-HOU (TSFR1M + 1.591%)

.272

06/15/39

150,275

100,000

(c) UBS Commercial Mortgage Trust 2018-C11

.713

06/15/51

95,123

114,000

(c) UBS Commercial Mortgage Trust 2018-C13

.585

10/15/51

111,611

100,000

(a) Uniti Fiber Abs Issuer LLC

.177

01/20/56

100,499

200,000

(a) UNITK 2026-1A A2

.219

02/25/56

200,625

#### Portfolio of Investments January 31, 2026
(continued)

#### NCPB

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

150,000

(a),(c)

WCORE Commercial Mortgage Trust 2024-CORE (TSFR1M +

1.842%)

.522

%

11/15/41

$

150,875

150,000

(c) Wells Fargo Commercial Mortgage Trust 2024-C63

.820

08/15/57

157,271

183,945

(a) Wendy's Funding LLC

.884

03/15/48

181,719

99,719

(a) Willis Engine Structured Trust IX

.159

12/15/50

99,734

TOTAL SECURITIZED

(Cost $23,928,904)

24,381,591

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY - 15.7%

110,000

United States Treasury Note/Bond

.500

10/31/27

109,923

105,000

United States Treasury Note/Bond

.125

02/29/32

106,021

47,000

United States Treasury Note/Bond

.125

05/31/32

47,402

8,000

United States Treasury Note/Bond

.125

07/31/32

8,007

200,000

United States Treasury Note/Bond

.750

10/31/32

196,891

491,000

United States Treasury Note/Bond

.250

08/15/35

491,460

1,125,000

United States Treasury Note/Bond

.000

11/15/35

1,101,973

333,000

United States Treasury Note/Bond

.125

08/15/44

304,513

2,652,000

United States Treasury Note/Bond

.625

11/15/44

2,587,565

160,000

United States Treasury Note/Bond

.750

02/15/45

158,512

440,000

United States Treasury Note/Bond

.000

05/15/45

449,625

395,000

United States Treasury Note/Bond

.750

08/15/45

397,284

2,451,000

United States Treasury Note/Bond

.750

05/15/55

2,396,235

350,000

United States Treasury Note/Bond

.750

08/15/55

342,289

235,000

United States Treasury Note/Bond

.375

12/31/27

234,321

TOTAL U.S. TREASURY

(Cost $9,030,756)

8,932,021

TOTAL LONG-TERM INVESTMENTS

(Cost $56,147,519)

56,870,424

OTHER ASSETS & LIABILITIES, NET - 0.1%

70,363

NET ASSETS - 100%

$

56,940,787

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

SOFR30A

30 Day Average Secured Overnight Financing Rate

TSFR1M

CME Term Secured Overnight Financing Rate 1 Month

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $19,105,310 or 33.6% of Total Investments.

(b) Perpetual security. Maturity date is not applicable.

(c) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(d) When-issued or delayed delivery security.

#### Portfolio of Investments January 31, 2026

#### NUAG
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.7%

CORPORATE DEBT - 31.0%

FINANCIALS - 9.7%

$

5,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.625

%

10/15/27

$

5,041

1,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.000

10/29/28

970

150,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.150

09/30/30

159,877

38,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.300

01/30/32

35,158

10,000

Aetna Inc

.750

12/15/37

10,997

4,000

Aetna Inc

.500

05/15/42

3,436

10,000

Aetna Inc

.750

03/15/44

8,689

10,000

Affiliated Managers Group Inc

.300

06/15/30

9,540

7,000

Air Lease Corp

.200

01/15/27

6,882

8,000

Air Lease Corp

.625

04/01/27

7,935

22,000

Air Lease Corp

.250

10/01/29

21,105

30,000

Air Lease Corp

.000

02/01/30

28,210

23,000

Alexandria Real Estate Equities Inc

.550

03/15/52

15,905

50,000

Allstate Corp/The

.250

03/30/33

51,727

68,000

Ally Financial Inc

.200

11/02/28

64,473

11,000

Ally Financial Inc

.000

11/01/31

12,473

10,000

American Financial Group Inc/OH

.500

06/15/47

8,414

19,000

Aon Corp

.800

05/15/30

17,938

1,000

Aon Corp / Aon Global Holdings PLC

.600

12/02/31

904

55,000

Aon Corp / Aon Global Holdings PLC

.350

02/28/33

57,089

100,000

Aon North America Inc

.750

03/01/54

99,720

30,000

Apollo Debt Solutions BDC

.875

08/30/30

30,230

50,000

Ares Capital Corp

.500

09/01/30

50,263

10,000

Ares Capital Corp

.100

01/15/31

9,830

20,000

Ares Management Corp

.600

10/11/54

18,750

50,000

Ares Strategic Income Fund

.600

02/15/30

50,000

50,000

Arthur J Gallagher & Co

.150

02/15/35

50,389

30,000

Arthur J Gallagher & Co

.750

02/15/54

33,258

100,000

Arthur J Gallagher & Co

.750

07/15/54

98,081

7,000

Assurant Inc

.700

02/22/30

6,799

10,000

Assurant Inc

.650

01/15/32

8,882

70,000

Athene Holding Ltd

.125

01/12/28

69,993

1,000

Athene Holding Ltd

.150

04/03/30

1,060

30,000

Athene Holding Ltd

.250

04/01/54

29,207

7,000

AXIS Specialty Finance PLC

.000

12/06/27

6,992

10,000

Bain Capital Specialty Finance Inc

.950

03/15/30

9,984

44,000

Banco Santander SA

.749

12/03/30

40,126

100,000

Banco Santander SA

.938

11/07/33

114,009

40,000

Bank of Nova Scotia/The

.588

05/04/37

39,165

11,000

BankUnited Inc

.125

06/11/30

11,058

43,000

Barclays PLC

.088

06/20/30

43,800

24,000

Barclays PLC

.811

03/10/42

19,414

20,000

BGC Group Inc

.000

05/25/28

21,387

20,000

Blackstone Private Credit Fund

.000

01/15/29

19,422

20,000

Blackstone Private Credit Fund

.950

07/16/29

20,336

20,000

Blackstone Private Credit Fund

.250

01/25/31

20,367

16,000

Blackstone Secured Lending Fund

.125

02/15/27

15,621

10,000

Blackstone Secured Lending Fund

.300

06/30/30

9,921

1,000

Blue Owl Capital Corp

.625

01/15/27

979

20,000

Blue Owl Capital Corp

.125

04/13/27

19,592

10,000

Blue Owl Capital Corp

.200

07/15/30

10,091

14,000

Blue Owl Credit Income Corp

.700

02/08/27

13,980

30,000

Blue Owl Credit Income Corp

.800

03/15/30

29,755

30,000

Blue Owl Finance LLC

.375

02/15/32

28,422

30,000

Boston Properties LP

.500

01/15/34

32,191

14,000

(a) Brighthouse Financial Inc

.625

05/15/30

14,244

50,000

Brighthouse Financial Inc

.700

06/22/47

36,901

24,000

Brown & Brown Inc

.375

03/15/31

21,572

70,000

Brown & Brown Inc

.250

06/23/32

71,406

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

8,000

Capital One Financial Corp

.100

%

02/09/27

$

8,007

44,000

Capital One Financial Corp

.800

01/31/28

43,786

21,000

Capital One Financial Corp

.927

05/10/28

21,217

7,000

Capital One Financial Corp

.273

03/01/30

6,791

50,000

Capital One Financial Corp

.624

10/30/31

56,126

46,000

Capital One Financial Corp

.359

07/29/32

40,203

31,000

Capital One Financial Corp

.268

05/10/33

31,624

10,000

Capital One Financial Corp

.964

11/02/34

11,688

50,000

Centene Corp

.500

03/01/31

43,239

200,000

Citigroup Inc

.827

02/13/35

206,788

30,000

Citigroup Inc

.020

01/24/36

31,275

10,000

Citigroup Inc

.300

05/06/44

9,677

12,000

Citizens Financial Group Inc

.500

02/06/30

11,188

40,000

Citizens Financial Group Inc

.253

03/05/31

41,018

50,000

Citizens Financial Group Inc

.299

01/29/36

50,238

8,000

CNA Financial Corp

.900

05/01/29

7,948

8,000

CNO Financial Group Inc

.250

05/30/29

8,143

20,000

Comerica Bank

.332

08/25/33

20,199

50,000

Cooperatieve Rabobank UA

.750

12/01/43

50,221

46,000

Corebridge Financial Inc

.850

04/05/29

45,522

50,000

Corebridge Financial Inc

.400

04/05/52

40,599

81,000

Deutsche Bank AG/New York NY

.547

09/18/31

77,138

80,000

Deutsche Bank AG/New York NY

.079

02/10/34

87,906

50,000

Elevance Health Inc

.550

03/01/48

42,360

40,000

Elevance Health Inc

.650

06/15/54

38,614

10,000

Enact Holdings Inc

.250

05/28/29

10,480

13,000

Enstar Group Ltd

.100

09/01/31

11,665

11,000

Equitable Holdings Inc

.350

04/20/28

11,061

25,000

Essex Portfolio LP

.375

04/01/35

25,590

50,000

Everest Reinsurance Holdings Inc

.868

06/01/44

44,229

10,000

Everest Reinsurance Holdings Inc

.500

10/15/50

6,963

50,000

Fairfax Financial Holdings Ltd

.850

04/17/28

50,689

24,000

Fairfax Financial Holdings Ltd

.625

04/29/30

24,148

10,000

Fairfax Financial Holdings Ltd

.100

03/15/55

10,078

21,000

Fidelity National Financial Inc

.400

06/15/30

20,040

10,000

Fidelity National Financial Inc

.200

09/17/51

6,378

13,000

Fifth Third Bancorp

.950

03/14/28

12,990

40,000

Fifth Third Bancorp

.361

10/27/28

41,528

11,000

First American Financial Corp

.400

08/15/31

9,633

30,000

First American Financial Corp

.450

09/30/34

30,159

10,000

First Horizon Bank

.750

05/01/30

10,311

10,000

First-Citizens Bank & Trust Co

.125

03/09/28

10,350

11,000

FS KKR Capital Corp

.250

07/15/27

10,652

20,000

FS KKR Capital Corp

.125

01/15/31

19,367

6,000

GATX Corp

.550

11/07/28

6,066

30,000

GATX Corp

.050

03/15/34

31,962

50,000

GATX Corp

.500

03/30/45

41,681

91,000

Goldman Sachs Group Inc/The

.450

05/01/36

99,190

100,000

Goldman Sachs Group Inc/The

.387

02/02/41

99,068

50,000

Goldman Sachs Group Inc/The

.150

05/22/45

46,844

20,000

(a),(b)

Goldman Sachs Private Credit Corp

.875

01/31/31

19,814

23,000

Golub Capital BDC Inc

.050

02/15/27

22,423

20,000

Golub Capital Private Credit Fund

.875

05/01/30

20,226

20,000

HA Sustainable Infrastructure Capital Inc

.375

07/01/34

20,424

10,000

Hercules Capital Inc

.375

01/20/27

9,876

40,000

(b) HPS Corporate Lending Fund

.650

04/02/31

39,731

216,000

HSBC Holdings PLC

.800

06/01/38

241,794

50,000

Humana Inc

.000

05/01/55

47,600

62,000

Huntington Bancshares Inc/OH

.550

02/04/30

57,836

10,000

Independent Bank Corp

.250

04/01/35

10,587

8,000

Jackson Financial Inc

.170

06/08/27

8,104

10,000

Jefferies Financial Group Inc

.875

07/21/28

10,389

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

19,000

Jefferies Financial Group Inc

.150

%

01/23/30

$

18,753

50,000

Jefferies Financial Group Inc

.750

10/15/32

43,692

20,000

Jefferies Financial Group Inc

.500

01/20/43

20,623

42,000

Kemper Corp

.800

02/23/32

38,842

17,000

KeyCorp

.550

10/01/29

16,097

50,000

(a) KeyCorp

.121

04/04/31

51,228

21,000

Lazard Group LLC

.500

09/19/28

21,146

10,000

Lazard Group LLC

.000

03/15/31

10,604

10,000

Lincoln National Corp

.300

10/09/37

10,645

130,000

Lloyds Banking Group PLC

.369

12/14/46

96,810

50,000

LPL Holdings Inc

.150

06/15/30

50,996

12,000

Markel Group Inc

.350

09/17/29

11,624

20,000

Markel Group Inc

.000

05/16/54

20,225

100,000

MetLife Inc

.350

03/15/55

105,026

42,000

Morgan Stanley

.950

04/23/27

41,993

1,000

Morgan Stanley

.484

09/16/36

879

50,000

Morgan Stanley

.073

01/30/37

49,768

10,000

Morgan Stanley Direct Lending Fund

.150

05/17/29

10,316

53,000

Nasdaq Inc

.550

02/15/34

55,396

30,000

Nasdaq Inc

.250

04/28/50

20,731

10,000

(a) New Mountain Finance Corp

.875

02/01/29

10,193

11,000

NNN REIT Inc

.000

04/15/52

6,902

43,000

Nomura Holdings Inc

.386

07/06/27

43,715

4,000

Nomura Holdings Inc

.710

01/22/29

3,828

12,000

Nomura Holdings Inc

.103

01/16/30

11,413

1,000

Nomura Holdings Inc

.679

07/16/30

926

100,000

Nomura Holdings Inc

.181

01/18/33

107,678

10,000

Oaktree Specialty Lending Corp

.700

01/15/27

9,798

10,000

(b) Oaktree Strategic Credit Fund

.190

07/15/30

9,931

10,000

Old Republic International Corp

.850

06/11/51

7,237

30,000

PartnerRe Finance B LLC

.500

10/01/50

28,342

10,000

Pinnacle Financial Partners Inc

.168

11/01/30

10,416

7,000

Prudential Financial Inc

.700

09/15/48

7,093

41,000

Prudential Financial Inc

.700

10/01/50

38,265

10,000

Regions Bank/Birmingham AL

.450

06/26/37

10,744

34,000

Regions Financial Corp

.800

08/12/28

32,207

10,000

Royal Bank of Canada

.350

11/24/84

9,834

50,000

Royal Bank of Canada

.500

11/24/85

49,764

20,000

Sabra Health Care LP

.200

12/01/31

18,310

70,000

Santander Holdings USA Inc

.400

07/13/27

70,278

1,000

Santander Holdings USA Inc

.490

01/06/28

985

30,000

Santander UK Group Holdings PLC

.469

01/11/28

29,538

20,000

Sixth Street Lending Partners

.125

07/15/30

20,468

60,000

Stewart Information Services Corp

.600

11/15/31

54,216

12,000

Stifel Financial Corp

.000

05/15/30

11,766

40,000

Synchrony Financial

.935

08/02/30

41,429

50,000

Truist Financial Corp

.597

01/27/32

50,127

50,000

Unum Group

.500

12/15/49

40,610

10,000

Ventas Realty LP

.000

01/15/35

9,986

30,000

Ventas Realty LP

.875

04/15/49

26,306

15,000

W R Berkley Corp

.000

05/12/50

11,581

50,000

W R Berkley Corp

.550

03/30/52

35,294

10,000

Webster Financial Corp

.100

03/25/29

9,921

50,000

Wells Fargo & Co

.950

12/15/36

52,622

200,000

Wells Fargo & Co

.650

11/04/44

174,920

50,000

Wells Fargo & Co

.433

01/23/47

49,005

14,000

Willis North America Inc

.500

09/15/28

14,107

70,000

Willis North America Inc

.050

09/15/48

63,006

TOTAL FINANCIALS

5,863,556

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL - 12.1%

$

10,000

Adventist Health System/West

.630

%

03/01/49

$

6,797

10,000

Albemarle Corp

.650

06/01/52

8,962

34,000

Altria Group Inc

.800

02/14/39

34,785

10,000

Altria Group Inc

.400

02/04/41

7,704

50,000

Altria Group Inc

.450

05/06/50

39,993

30,000

American Tower Corp

.700

10/15/49

22,318

70,000

Amgen Inc

.375

06/01/37

77,447

48,000

Amgen Inc

.150

02/21/40

37,825

6,000

Amgen Inc

.150

11/15/41

5,788

1,000

Amgen Inc

.000

01/15/52

648

11,000

Amgen Inc

.200

02/22/52

8,729

100,000

Amgen Inc

.770

09/01/53

59,706

60,000

APA Corp

.000

01/15/37

60,516

50,000

APA Corp

.350

07/01/49

42,298

10,000

Aptiv Swiss Holdings Ltd

.400

03/15/49

9,293

13,000

Aptiv Swiss Holdings Ltd

.100

12/01/51

8,398

20,000

ArcelorMittal SA

.750

03/01/41

21,888

57,000

AT&T Inc

.850

03/01/39

53,937

100,000

AT&T Inc

.000

08/15/40

104,137

90,000

AT&T Inc

.500

06/01/41

70,733

10,000

AT&T Inc

.700

03/01/57

9,580

70,000

AT&T Inc

.650

09/15/59

46,189

40,000

AT&T Inc

.500

02/01/61

25,358

21,000

Barrick North America Finance LLC

.700

05/30/41

21,388

20,000

BAT Capital Corp

.079

08/02/43

22,452

50,000

BAT Capital Corp

.984

09/25/50

36,877

20,000

Baxter International Inc

.500

08/15/46

14,126

23,000

Becton Dickinson & Co

.685

12/15/44

20,376

20,000

Berry Global Inc

.650

01/15/34

20,875

34,000

Biogen Inc

.200

09/15/45

31,402

65,000

Boeing Co/The

.705

05/01/40

66,446

40,000

Boeing Co/The

.500

03/01/45

28,961

70,000

Boeing Co/The

.900

05/01/49

52,313

10,000

Boeing Co/The

.825

03/01/59

6,959

50,000

Booz Allen Hamilton Inc

.950

04/15/35

51,445

8,000

BorgWarner Inc

.375

03/15/45

6,682

10,000

Bunge Ltd Finance Corp

.250

04/21/32

10,327

22,000

Canadian Natural Resources Ltd

.750

02/01/39

24,006

10,000

Canadian Pacific Railway Co

.800

09/15/35

9,973

10,000

Canadian Pacific Railway Co

.000

12/02/41

7,506

14,000

Canadian Pacific Railway Co

.700

05/01/48

12,451

30,000

Canadian Pacific Railway Co

.200

11/15/69

22,385

20,000

Cardinal Health Inc

.500

11/15/44

17,198

6,000

Carrier Global Corp

.577

04/05/50

4,426

10,000

Carrier Global Corp

.200

03/15/54

10,826

50,000

Celulosa Arauco y Constitucion SA

.500

11/02/47

44,785

5,000

Cenovus Energy Inc

.250

06/15/37

4,866

10,000

CF Industries Inc

.375

03/15/44

9,453

1,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.500

03/01/42

694

100,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.484

10/23/45

94,118

54,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.375

05/01/47

44,336

50,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.125

07/01/49

39,375

21,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.250

04/01/53

16,772

20,000

Cigna Group/The

.200

03/15/40

15,663

50,000

Cigna Group/The

.125

11/15/41

52,441

33,000

Cigna Group/The

.900

12/15/48

29,259

11,000

Conagra Brands Inc

.300

11/01/38

10,389

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

10,000

Constellation Brands Inc

.250

%

11/15/48

$

9,272

10,000

Continental Resources Inc/OK

.900

06/01/44

8,093

10,000

Corning Inc

.900

11/15/49

7,756

50,000

Corning Inc

.850

11/15/68

48,808

10,000

Crown Castle Inc

.750

05/15/47

8,614

50,000

CVS Health Corp

.000

09/15/32

50,827

28,000

CVS Health Corp

.780

03/25/38

26,281

100,000

CVS Health Corp

.050

03/25/48

87,941

20,000

CVS Health Corp

.000

06/01/63

19,221

20,000

Dell International LLC / EMC Corp

.100

07/15/36

24,004

10,000

Dell International LLC / EMC Corp

.350

07/15/46

12,600

19,000

Devon Energy Corp

.600

07/15/41

18,727

10,000

Devon Energy Corp

.750

05/15/42

8,782

36,000

Diamondback Energy Inc

.250

03/15/52

28,249

10,000

Dick's Sporting Goods Inc

.100

01/15/52

7,313

7,000

Dollar General Corp

.125

04/03/50

5,513

11,000

Dollar Tree Inc

.375

12/01/51

7,417

12,000

Dow Chemical Co/The

.250

10/01/34

10,971

8,000

Dow Chemical Co/The

.250

11/15/41

7,212

10,000

Dow Chemical Co/The

.550

11/30/48

8,846

10,000

Dow Chemical Co/The

.600

02/15/54

8,728

20,000

Dow Chemical Co/The

.950

03/15/55

18,315

50,000

Eastern Energy Gas Holdings LLC

.800

01/15/35

52,820

6,000

Eastman Chemical Co

.800

09/01/42

5,351

10,000

Eastman Chemical Co

.650

10/15/44

8,513

20,000

eBay Inc

.000

07/15/42

16,531

20,000

Enbridge Inc

.700

11/15/53

22,001

20,000

Enbridge Inc

.500

01/15/84

22,887

22,000

Energy Transfer LP

.800

06/15/38

22,427

10,000

Energy Transfer LP

.150

02/01/43

9,040

22,000

Energy Transfer LP

.000

05/15/44

19,338

22,000

Equifax Inc

.350

09/15/31

19,627

20,000

FactSet Research Systems Inc

.450

03/01/32

18,596

10,000

FedEx Corp

.900

01/15/34

10,055

20,000

FedEx Corp

.250

05/15/41

15,402

10,000

FedEx Corp

.100

01/15/44

9,315

20,000

FedEx Corp

.750

11/15/45

17,521

50,000

FedEx Corp

.050

02/15/48

38,918

14,000

FedEx Corp

.050

02/15/48

10,897

41,000

Fidelity National Information Services Inc

.650

03/01/28

39,026

50,000

Fidelity National Information Services Inc

.750

05/15/48

42,171

37,000

Fiserv Inc

.250

06/01/27

36,128

40,000

Fiserv Inc

.625

08/21/33

41,098

40,000

Fiserv Inc

.450

03/15/34

40,443

10,000

(a) Ford Motor Co

.400

11/01/46

10,814

10,000

Ford Motor Co

.291

12/08/46

8,480

10,000

Freeport-McMoRan Inc

.400

11/14/34

10,311

12,000

General Mills Inc

.550

04/17/38

11,279

10,000

General Mills Inc

.400

06/15/40

10,042

42,000

General Motors Co

.600

04/01/36

45,751

50,000

General Motors Co

.250

10/02/43

51,007

6,000

Global Payments Inc

.950

08/15/27

6,071

6,000

Global Payments Inc

.450

06/01/28

6,027

25,000

Global Payments Inc

.900

05/15/30

23,241

41,000

Global Payments Inc

.900

11/15/31

36,782

20,000

Halliburton Co

.850

11/15/35

19,697

9,000

Halliburton Co

.500

11/15/41

7,859

18,000

Halliburton Co

.750

08/01/43

15,995

30,000

Hasbro Inc

.100

05/15/44

26,842

30,000

HCA Inc

.125

06/15/39

28,953

60,000

HCA Inc

.375

03/15/42

51,219

10,000

HCA Inc

.500

07/15/51

6,787

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

20,000

HCA Inc

.000

%

04/01/54

$

19,841

14,000

(a) Hewlett Packard Enterprise Co

.200

10/15/35

15,031

10,000

Hewlett Packard Enterprise Co

.350

10/15/45

10,182

20,000

Hexcel Corp

.875

02/26/35

20,991

30,000

Intel Corp

.000

12/15/32

28,742

130,000

Intel Corp

.250

11/15/49

84,688

30,000

Intel Corp

.700

02/10/53

28,322

10,000

International Flavors & Fragrances Inc

.375

06/01/47

8,051

50,000

International Paper Co

.000

09/15/35

49,858

18,000

International Paper Co

.800

06/15/44

15,904

10,000

International Paper Co

.150

05/15/46

9,160

7,000

International Paper Co

.400

08/15/47

5,754

30,000

J M Smucker Co/The

.375

03/15/45

25,323

70,000

JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co

Holdings

.500

12/01/52

72,761

12,000

Johnson Controls International plc

.950

07/02/64

10,327

20,000

Keurig Dr Pepper Inc

.420

12/15/46

16,318

13,000

Keurig Dr Pepper Inc

.500

04/15/52

10,529

20,000

Kinder Morgan Energy Partners LP

.500

11/15/40

23,589

41,000

Kinder Morgan Energy Partners LP

.375

03/01/41

43,951

30,000

Kinder Morgan Energy Partners LP

.400

09/01/44

28,676

11,000

Kinder Morgan Inc

.600

02/15/51

7,748

10,000

Koninklijke Philips NV

.875

03/11/38

11,321

50,000

Kraft Heinz Foods Co

.000

06/04/42

45,602

24,000

Kraft Heinz Foods Co

.500

06/01/50

22,349

74,000

Kroger Co/The

.400

01/15/49

70,643

50,000

Kyndryl Holdings Inc

.100

10/15/41

39,440

10,000

L3Harris Technologies Inc

.054

04/27/45

9,596

10,000

Laboratory Corp of America Holdings

.550

04/01/32

9,972

12,000

Leggett & Platt Inc

.500

11/15/51

7,824

100,000

Lowe's Cos Inc

.000

04/15/40

96,738

9,000

Lowe's Cos Inc

.050

05/03/47

7,161

41,000

Lowe's Cos Inc

.250

04/01/52

32,561

29,000

LYB International Finance BV

.250

07/15/43

24,980

10,000

LYB International Finance III LLC

.800

10/01/60

6,146

11,000

Marathon Petroleum Corp

.500

03/01/41

11,762

10,000

Marathon Petroleum Corp

.850

12/15/45

9,765

30,000

Marriott International Inc/MD

.500

10/15/32

27,994

21,000

Martin Marietta Materials Inc

.200

07/15/51

14,138

20,000

Masco Corp

.500

05/15/47

16,951

55,000

McDonald's Corp

.700

12/09/35

54,598

30,000

McDonald's Corp

.625

09/01/49

22,129

30,000

MDC Holdings Inc

.000

01/15/43

28,317

33,000

MDC Holdings Inc

.966

08/06/61

21,933

30,000

Micron Technology Inc

.650

11/01/32

31,667

18,000

Molson Coors Beverage Co

.200

07/15/46

14,538

20,000

Mondelez International Inc

.875

10/15/32

17,212

30,000

Montefiore Obligated Group

.246

11/01/48

24,794

7,000

Moody's Corp

.250

01/15/28

6,909

35,000

Moody's Corp

.000

08/19/31

31,133

30,000

Moody's Corp

.000

08/05/34

30,478

10,000

Mosaic Co/The

.625

11/15/43

9,644

32,000

MPLX LP

.500

04/15/38

29,153

40,000

MPLX LP

.200

03/01/47

35,898

20,000

MPLX LP

.200

12/01/47

17,876

20,000

Mylan Inc

.200

04/15/48

16,351

50,000

National Fuel Gas Co

.950

03/15/35

52,405

11,000

Norfolk Southern Corp

.800

08/15/43

9,867

30,000

Norfolk Southern Corp

.450

06/15/45

25,997

28,000

Norfolk Southern Corp

.700

03/15/53

20,429

10,000

Norfolk Southern Corp

.100

08/01/18

8,645

30,000

Northrop Grumman Corp

.250

05/01/50

28,596

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

30,000

Northrop Grumman Corp

.200

%

06/01/54

$

28,268

100,000

NOV Inc

.950

12/01/42

78,830

12,000

Nutrien Ltd

.625

12/01/40

12,027

10,000

Nutrien Ltd

.125

01/15/41

10,475

10,000

Nutrien Ltd

.950

05/13/50

7,640

21,000

NXP BV / NXP Funding LLC / NXP USA Inc

.250

11/30/51

13,923

20,000

Occidental Petroleum Corp

.375

01/01/32

20,571

30,000

Occidental Petroleum Corp

.200

03/15/40

30,632

10,000

Occidental Petroleum Corp

.400

04/15/46

7,953

10,000

Ochsner LSU Health System of North Louisiana

.510

05/15/31

8,569

30,000

ONEOK Inc

.400

05/01/37

31,612

13,000

ONEOK Inc

.150

10/15/43

11,869

50,000

ONEOK Inc

.150

01/15/51

55,640

19,000

ONEOK Partners LP

.125

02/01/41

19,664

54,000

Oracle Corp

.800

11/15/37

43,479

96,000

Oracle Corp

.650

03/25/41

70,051

160,000

Oracle Corp

.500

07/08/44

121,351

50,000

Oracle Corp

.950

09/26/55

44,089

14,000

Orange SA

.375

01/13/42

13,730

20,000

Ovintiv Inc

.100

07/15/53

21,655

10,000

Owens Corning

.000

12/01/36

11,382

4,000

Owens Corning

.300

07/15/47

3,278

3,000

Packaging Corp of America

.050

10/01/51

1,964

30,000

Paramount Global

.250

04/01/44

21,869

24,000

Paramount Global

.900

08/15/44

17,098

5,000

Phillips 66

.875

05/01/42

5,036

26,000

Phillips 66

.300

03/15/52

17,027

40,000

Phillips 66 Co

.200

03/15/56

40,217

30,000

Plains All American Pipeline LP / PAA Finance Corp

.300

01/31/43

24,826

10,000

Quest Diagnostics Inc

.700

03/30/45

8,989

45,000

Regal Rexnord Corp

.400

04/15/33

48,088

100,000

Rogers Communications Inc

.500

08/15/38

115,289

50,000

Royalty Pharma PLC

.550

09/02/50

34,800

4,000

RPM International Inc

.250

01/15/48

3,267

60,000

RTX Corp

.450

11/16/38

56,405

10,000

RTX Corp

.625

11/16/48

8,771

40,000

RTX Corp

.400

03/15/54

44,061

10,000

Sherwin-Williams Co/The

.000

12/15/42

8,262

10,000

Sherwin-Williams Co/The

.300

05/15/50

6,807

20,000

Solventum Corp

.900

04/30/54

20,097

10,000

Sonoco Products Co

.750

11/01/40

10,094

10,000

Southern Copper Corp

.500

07/27/35

11,853

20,000

Southern Copper Corp

.750

04/16/40

22,782

7,000

Southern Copper Corp

.250

11/08/42

6,804

30,000

Spectra Energy Partners LP

.500

03/15/45

25,392

10,000

Stanley Black & Decker Inc

.850

11/15/48

8,772

31,000

Starbucks Corp

.350

03/12/50

21,324

16,000

Stryker Corp

.100

04/01/43

13,490

24,000

Suncor Energy Inc

.000

11/15/47

18,377

50,000

Synopsys Inc

.150

04/01/35

50,683

50,000

Sysco Corp

.600

04/01/40

55,393

15,000

Sysco Corp

.150

12/14/51

10,013

60,000

Takeda Pharmaceutical Co Ltd

.175

07/09/50

40,180

30,000

Targa Resources Corp

.500

02/15/53

31,471

30,000

Telefonica Emisiones SA

.213

03/08/47

26,863

38,000

Time Warner Cable LLC

.500

09/01/41

33,327

50,000

Timken Co/The

.125

04/01/32

47,984

150,000

T-Mobile USA Inc

.375

04/15/40

134,031

50,000

T-Mobile USA Inc

.400

10/15/52

33,508

50,000

T-Mobile USA Inc

.850

02/15/56

49,306

19,000

TransCanada PipeLines Ltd

.100

03/15/49

17,609

30,000

Transcanada Trust

.600

03/07/82

29,866

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

50,000

(b) Transcontinental Gas Pipe Line Co LLC

.100

%

03/15/36

$

50,188

36,000

Transcontinental Gas Pipe Line Co LLC

.950

05/15/50

27,831

4,000

Triton Container International Ltd / TAL International Container

Corp

.250

03/15/32

3,644

10,000

Tyson Foods Inc

.550

06/02/47

8,614

11,000

Tyson Foods Inc

.100

09/28/48

10,166

20,000

Uber Technologies Inc

.350

09/15/54

19,030

60,000

Vale Canada Ltd

.200

09/15/32

66,450

20,000

Vale Overseas Ltd

.125

06/12/33

21,420

10,000

Valero Energy Corp

.625

06/15/37

11,031

23,000

Valero Energy Corp

.650

12/01/51

15,946

50,000

VeriSign Inc

.250

06/01/32

51,257

100,000

Verisk Analytics Inc

.250

03/15/35

101,479

50,000

Verizon Communications Inc

.272

01/15/36

46,860

102,000

Verizon Communications Inc

.400

03/22/41

79,483

7,000

Verizon Communications Inc

.850

09/03/41

5,036

80,000

Verizon Communications Inc

.862

08/21/46

70,792

16,000

Verizon Communications Inc

.000

03/22/50

12,154

26,000

Verizon Communications Inc

.875

03/01/52

19,238

50,000

Verizon Communications Inc

.875

11/30/55

49,356

86,000

Viatris Inc

.850

06/22/40

66,211

10,000

VICI Properties LP

.125

05/15/32

10,061

10,000

VICI Properties LP

.625

05/15/52

9,359

70,000

Vodafone Group PLC

.875

06/19/49

61,358

20,000

Vulcan Materials Co

.700

03/01/48

17,570

20,000

Western Midstream Operating LP

.250

02/01/50

17,175

20,000

Western Union Co/The

.750

03/15/31

18,419

23,000

Westlake Corp

.125

08/15/51

14,037

10,000

Westlake Corp

.375

08/15/61

5,943

10,000

Williams Cos Inc/The

.800

11/15/43

9,934

20,000

Woodside Finance Ltd

.100

09/12/34

19,769

6,000

Zimmer Biomet Holdings Inc

.750

11/30/39

6,188

21,000

Zoetis Inc

.700

02/01/43

19,209

TOTAL INDUSTRIAL

7,286,481

UTILITY - 9.2%

50,000

AEP Texas Inc

.700

05/15/34

52,147

65,000

AEP Texas Inc

.800

10/01/47

48,049

100,000

AEP Texas Inc

.250

05/15/52

91,156

150,000

Arizona Public Service Co

.700

08/15/34

157,327

50,000

Arizona Public Service Co

.650

09/15/50

29,898

50,000

Arizona Public Service Co

.900

08/15/55

50,902

75,000

Berkshire Hathaway Energy Co

.125

04/01/36

81,281

10,000

Black Hills Corp

.200

09/15/46

7,983

61,000

Black Hills Corp

.875

10/15/49

45,615

80,000

CenterPoint Energy Inc

.850

02/15/55

84,851

18,000

Cleco Corporate Holdings LLC

.973

05/01/46

15,492

10,000

CMS Energy Corp

.700

03/31/43

8,645

11,000

CMS Energy Corp

.875

03/01/44

9,840

50,000

Constellation Energy Generation LLC

.800

03/01/33

53,069

50,000

Constellation Energy Generation LLC

.125

01/15/34

53,970

110,000

Constellation Energy Generation LLC

.500

10/01/53

119,061

70,000

Dayton Power & Light Co/The

.950

06/15/49

52,515

20,000

Dominion Energy Inc

.250

08/15/31

17,866

200,000

Dominion Energy Inc

.000

06/15/38

226,003

7,000

Dominion Energy Inc

.900

08/01/41

6,450

43,000

Dominion Energy Inc

.850

08/15/52

37,009

50,000

Dominion Energy Inc

.000

06/01/54

54,068

100,000

Dominion Energy Inc

.625

05/15/55

102,813

75,000

Duke Energy Corp

.500

08/15/32

74,797

75,000

Duke Energy Corp

.950

09/15/35

74,346

287,000

Duke Energy Corp

.950

08/15/47

220,705

1,000

Duke Energy Corp

.000

08/15/52

880

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

75,000

Duke Energy Corp

.450

%

09/01/54

$

78,467

27,000

El Paso Electric Co

.000

12/01/44

23,982

32,000

Emera US Finance LP

.750

06/15/46

27,367

1,000

Entergy Corp

.750

06/15/50

728

21,000

Essential Utilities Inc

.351

04/15/50

14,513

50,000

Eversource Energy

.850

04/15/31

52,757

6,000

Eversource Energy

.450

01/15/50

4,264

100,000

Exelon Corp

.450

03/15/34

103,776

3,000

Exelon Corp

.950

06/15/35

2,979

21,000

Exelon Corp

.100

06/15/45

19,358

7,000

Exelon Corp

.450

04/15/46

5,884

1,000

Exelon Corp

.700

04/15/50

853

18,000

Iberdrola International BV

.750

07/15/36

20,416

125,000

Interstate Power and Light Co

.600

06/29/35

130,036

1,000

ITC Holdings Corp

.300

07/01/43

955

100,000

National Grid PLC

.418

01/11/34

103,169

12,000

National Grid USA

.803

04/01/35

12,557

100,000

NextEra Energy Capital Holdings Inc

.300

03/15/32

103,874

129,000

NextEra Energy Capital Holdings Inc

.000

07/15/32

131,946

150,000

NextEra Energy Capital Holdings Inc

.550

03/15/54

144,699

100,000

NextEra Energy Capital Holdings Inc

.500

08/15/55

105,129

80,000

NiSource Inc

.350

07/15/35

81,608

58,000

NiSource Inc

.950

06/15/41

59,692

21,000

NiSource Inc

.650

02/01/45

20,873

200,000

NiSource Inc

.375

05/15/47

165,810

7,000

NiSource Inc

.950

03/30/48

5,415

19,000

NiSource Inc

.000

06/15/52

16,718

4,000

Oglethorpe Power Corp

.950

11/01/39

4,173

60,000

Oglethorpe Power Corp

.375

11/01/40

58,948

14,000

Oglethorpe Power Corp

.250

04/01/46

11,060

13,000

Oglethorpe Power Corp

.050

10/01/48

11,616

90,000

Oglethorpe Power Corp

.750

08/01/50

64,677

7,000

Oglethorpe Power Corp

.250

09/01/50

6,338

250,000

Ohio Power Co

.150

04/01/48

201,090

40,000

Pacific Gas and Electric Co

.900

06/15/32

42,036

100,000

Pacific Gas and Electric Co

.400

06/15/33

107,757

110,000

Pacific Gas and Electric Co

.950

03/15/34

121,925

210,000

Pacific Gas and Electric Co

.500

07/01/40

182,711

59,000

Pacific Gas and Electric Co

.200

06/01/41

48,880

6,000

Pacific Gas and Electric Co

.450

04/15/42

4,989

158,000

Pacific Gas and Electric Co

.750

08/15/42

119,925

7,000

Pacific Gas and Electric Co

.300

03/15/45

5,567

300,000

Pacific Gas and Electric Co

.250

03/15/46

233,937

7,000

Pacific Gas and Electric Co

.000

12/01/46

5,265

7,000

Pacific Gas and Electric Co

.950

12/01/47

5,219

106,000

Pacific Gas and Electric Co

.950

07/01/50

89,888

54,000

Pacific Gas and Electric Co

.250

03/01/52

47,213

75,000

PacifiCorp

.300

02/15/31

77,174

115,000

Piedmont Natural Gas Co Inc

.640

11/01/46

86,021

11,000

Piedmont Natural Gas Co Inc

.350

06/01/50

7,572

100,000

Potomac Electric Power Co

.500

03/15/54

96,391

50,000

Public Service Enterprise Group Inc

.400

03/15/35

51,393

38,000

Sempra

.800

02/01/38

32,639

34,000

Sempra

.000

02/01/48

26,030

100,000

Southern Co Gas Capital Corp

.950

09/15/34

100,070

50,000

Southern Co Gas Capital Corp

.000

10/01/34

53,183

101,000

Southern Co Gas Capital Corp

.400

05/30/47

84,295

80,000

Southern Co/The

.700

03/15/34

84,055

51,000

Southern Power Co

.950

12/15/46

45,406

45,000

Southwest Gas Corp

.150

06/01/49

35,506

1,000

Southwestern Electric Power Co

.900

04/01/45

774

109,000

Southwestern Electric Power Co

.250

11/01/51

71,710

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

21,000

Southwestern Public Service Co

.000

%

10/01/36

$

21,782

18,000

Spire Inc

.700

08/15/44

15,378

100,000

Wisconsin Power and Light Co

.375

03/30/34

103,150

7,000

Xcel Energy Inc

.800

09/15/41

6,368

TOTAL UTILITY

5,586,674

TOTAL CORPORATE DEBT

(Cost $19,051,805)

18,736,711

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT RELATED - 8.4%

GOVERNMENT AGENCY - 0.8%

26,000

CI Financial Corp

.200

12/17/30

23,604

10,000

CoBank ACB

.250

07/01/74

10,229

70,000

Export-Import Bank of Korea

.500

06/29/41

51,645

25,000

Federal Home Loan Banks

.625

09/04/26

24,996

50,000

Federal Home Loan Banks

.875

06/04/27

50,223

1,000

Federal National Mortgage Association

.875

09/24/26

989

15,000

Federal National Mortgage Association

.625

07/15/37

16,440

20,000

Kreditanstalt fuer Wiederaufbau

.625

03/18/30

20,679

70,000

Tennessee Valley Authority

.650

06/15/35

71,658

9,000

Tennessee Valley Authority

.250

09/15/39

9,475

129,000

Tennessee Valley Authority

.500

12/15/42

107,430

5,000

Tennessee Valley Authority

.250

09/15/52

4,239

50,000

Tennessee Valley Authority

.250

02/01/55

49,549

50,000

Tennessee Valley Authority

.250

09/15/65

41,089

TOTAL GOVERNMENT AGENCY

482,245

MUNICIPAL BONDS - 1.8%

18,000

Bay Area Toll Authority, California, Revenue Bonds, San Francisco

Bay Area Toll Bridge, Series 2021F-3

.126

04/01/55

11,979

16,000

Bay Area Toll Authority, California, Revenue Bonds, San Francisco

Bay Area Toll Bridge, Subordinate Lien, Build America Federally

Taxable Bond Series 2010S-1

.918

04/01/40

18,186

60,000

Board of Regents of the University of Texas System, Revenue

Financing System Bonds, Green Series 2016B

.852

08/15/46

49,686

42,000

California State University, Systemwide Revenue Bonds, Taxable

Series 2021B

.719

11/01/52

27,676

10,000

California State University, Systemwide Revenue Bonds, Taxable

Series 2021B

.939

11/01/52

6,673

50,000

California State, General Obligation Bonds, Build America

Federally Taxable Bonds, Series 2009

.300

10/01/39

57,766

70,000

California State, General Obligation Bonds, Taxable Various

Purpose Series 2018

.600

04/01/38

71,201

50,000

California State, General Obligation Bonds, Various Purpose

Build America Taxable Bond Series 2010

.625

03/01/40

59,818

35,000

California State, General Obligation Bonds, Various Purpose

Taxable Series 2018

.500

04/01/33

35,048

15,000

California State, General Obligation Bonds, Various Purpose

Taxable Series 2018

.500

04/01/33

15,227

10,000

Chicago Greater Metropolitan Water Reclamation District, Illinois,

General Obligation Bonds, Build America Taxable Bonds, Series

2009

.720

12/01/38

10,365

27,000

Chicago Transit Authority, Illinois, Sales and Transfer Tax Receipts

Revenue Bonds, Pension Funding Taxable Series 2008B

.899

12/01/40

30,447

17,000

Chicago, Illinois, General Airport Revenue Bonds, O'Hare

International Airport, Taxable Senior Lien Series 2018C

.572

01/01/54

14,897

20,000

Commonwealth Financing Authority, Pennsylvania, Revenue

Bonds Taxable Series 2021A

.991

06/01/42

15,511

6,000

Commonwealth Financing Authority, Pennsylvania, State

Appropriation Lease Bonds, Plancon Program, Taxable Series

2018A

.864

06/01/38

5,575

10,000

Cook County, Illinois, General Obligation Bonds, Build America

Taxable Bonds, Series 2010D

.229

11/15/34

10,670

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MUNICIPAL BONDS

(continued)

$

40,000

Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds,

Taxable Refunding Senior Lien Series 2021A

.613

%

12/01/48

$

27,537

20,000

Dallas Fort Worth International Airport, Texas, Joint Revenue

Bonds Taxable Improvement Series 2022A

.087

11/01/51

16,481

20,000

Dallas Fort Worth International Airport, Texas, Joint Revenue

Bonds Taxable Improvement Series 2022A

.507

11/01/51

17,323

40,000

Dallas-Fort Worth International Airport, Texas, Joint Revenue

Bonds, Taxable Refunding Series 2021C

.843

11/01/46

29,100

1,000

Dormitory Authority of the State of New York, State Personal

Income Tax Revenue Bonds, General Purpose, Series 2021C

.202

03/15/34

852

20,000

Florida State Board of Administration Finance Corporation,

Revenue Bonds, Taxable, Series 2024A

.526

07/01/34

21,188

40,000

Grand Parkway Transportation Corporation, Texas, System Toll

Revenue Bonds, Taxable Refunding Subordinate Lien Series

2020B. Tela Supported

.236

10/01/52

27,857

1,000

Illinois State, General Obligation Bonds, Pension Funding Series

2003

.100

06/01/33

894

20,000

Kansas Development Finance Authority, Kansas, Revenue Bonds,

State of Kansas KPERS Projects, Taxable Series 2021K

.774

05/01/51

14,218

30,000

Los Angeles Community College District, California, General

Obligation Bonds, Build America Taxable Bonds, Series 2010

.750

08/01/49

33,290

11,000

Michigan Finance Authority, Hospital Revenue Bonds, Trinity

Health Credit Group, Taxable Refunding Series 2019-T

.384

12/01/40

9,310

21,000

Missouri Health and Educational Facilities Authority, Revenue

Bonds, Washington University, Series 2016B

.086

09/15/51

14,162

36,000

Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4

Project J Bonds, Taxable Build America Bonds Series 2010A

.637

04/01/57

38,930

50,000

New Jersey Turnpike Authority, Revenue Bonds, Build America

Taxable Bonds, Series 2009F

.414

01/01/40

59,412

45,000

New Jersey Turnpike Authority, Revenue Bonds, Build America

Taxable Bonds, Series 2010A

.102

01/01/41

52,059

1,000

New York City Municipal Water Finance Authority, New York,

Water and Sewer System Revenue Bonds, Second Generation

Resolution, Build America Taxable Bonds, Fiscal 2011 Series AA

.440

06/15/43

969

50,000

New York City, New York, General Obligation Bonds, Taxable

Fiscal 2025 Series C-2

.610

09/01/37

48,923

10,000

Ohio State University, General Receipts Bonds, Build America

Taxable Bond Series 2010C

.910

06/01/40

10,001

100,000

Port Authority of New York and New Jersey, Consolidated

Revenue Bonds, Two Hundred Twenty-Fifth Series 2021

.175

07/15/60

64,935

39,000

Province of British Columbia Canada

.300

01/29/31

34,291

75,000

Sales Tax Securitization Corporation, Illinois, Tax Securitization

Bonds, Taxable Series 2018

.238

01/01/42

61,774

93,000

The Rector and Visitors of the University of Virginia, General

Revenue Bonds, Taxable Pledge and Refunding Series 2020

.256

09/01/50

53,903

32,000

Tucson, Arizona, Certificates of Participation, Taxable Series

2021A

.856

07/01/47

23,624

30,000

University of Michigan, General Revenue Bonds, Series 2022A

.504

04/01/52

22,005

TOTAL MUNICIPAL BONDS

1,123,763

SOVEREIGN DEBT - 5.8%

260,000

Chile Government International Bond

.340

03/07/42

230,308

1,000

Chile Government International Bond

.625

10/30/42

812

102,000

Chile Government International Bond

.500

01/25/50

74,307

13,000

Chile Government International Bond

.000

01/31/52

10,258

13,000

Chile Government International Bond

.250

09/21/71

8,036

1,000

Hungary Government International Bond

.625

03/29/41

1,162

1,000

Indonesia Government International Bond

.350

01/11/48

842

1,000

Indonesia Government International Bond

.350

02/11/49

983

50,000

Indonesia Government International Bond

.700

10/30/49

36,945

243,000

Indonesia Government International Bond

.300

03/31/52

196,979

10,000

Indonesia Government International Bond

.450

04/15/70

7,812

25,000

Indonesia Government International Bond

.350

03/12/71

15,393

50,000

Inter-American Development Bank

.750

06/14/30

49,968

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOVEREIGN DEBT

(continued)

$

20,000

Inter-American Development Bank

.375

%

01/24/44

$

18,635

28,000

Israel Government International Bond

.500

01/30/43

24,555

250,000

Israel Government International Bond

.125

01/17/48

195,973

50,000

Israel Government International Bond

.500

04/03/20

36,961

11,000

Korea International Bond

.875

09/20/48

9,195

200,000

Mexico Government International Bond

.000

05/07/36

200,750

120,000

Mexico Government International Bond

.280

08/14/41

95,646

200,000

Mexico Government International Bond

.750

03/08/44

163,570

200,000

Mexico Government International Bond

.400

02/12/52

144,460

100,000

Mexico Government International Bond

.338

05/04/53

94,730

300,000

Mexico Government International Bond

.375

05/13/55

320,820

60,000

(a) Panama Government International Bond

.875

01/31/36

64,437

48,000

Panama Government International Bond

.500

05/15/47

37,378

100,000

Panama Government International Bond

.300

04/29/53

73,200

200,000

Panama Government International Bond

.875

03/01/57

230,130

80,000

Panama Government International Bond

.870

07/23/60

51,832

93,000

Peruvian Government International Bond

.300

03/11/41

71,340

17,000

Peruvian Government International Bond

.550

03/10/51

11,761

220,000

Peruvian Government International Bond

.200

06/30/55

224,884

5,000

Peruvian Government International Bond

.780

12/01/60

2,702

1,000

Peruvian Government International Bond

.600

01/15/72

629

16,000

Peruvian Government International Bond

.230

07/28/21

8,626

20,000

Philippine Government International Bond

.375

10/23/34

22,189

10,000

Philippine Government International Bond

.000

01/13/37

9,972

19,000

Philippine Government International Bond

.700

03/01/41

15,722

400,000

Philippine Government International Bond

.200

07/06/46

282,793

60,000

Republic of Italy Government International Bond

.000

10/17/49

45,975

60,000

Republic of Poland Government International Bond

.125

09/18/34

60,859

30,000

Republic of Poland Government International Bond

.500

04/04/53

28,439

200,000

Uruguay Government International Bond

.442

02/14/37

206,320

17,000

Uruguay Government International Bond

.100

06/18/50

15,829

90,000

Uruguay Government International Bond

.975

04/20/55

81,112

TOTAL SOVEREIGN DEBT

3,485,229

TOTAL GOVERNMENT RELATED

(Cost $5,612,411)

5,091,237

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 29.7%

100,000

(b) Affirm Master Trust

.370

02/15/34

100,301

50,000

Ally Auto Receivables Trust 2025-1

.030

07/17/28

50,062

50,000

(b) American Credit Acceptance Receivables Trust 2025-3

.750

09/12/29

50,351

100,000

American Express Credit Account Master Trust

.300

07/15/30

101,270

100,000

(b) Avis Budget Rental Car Funding AESOP LLC

.170

02/20/30

99,951

15,000

BA Credit Card Trust

.310

05/15/30

15,178

150,000

BANK 2024-BNK47

.457

06/15/57

160,055

50,000

(c) BANK 2025-BNK49

.623

03/15/58

52,915

50,000

Bank5

.452

07/15/58

51,992

50,000

(c) BANK5 2023-5YR3

.724

09/15/56

52,834

43,281

BANK5 2023-5YR4

.500

12/15/56

45,540

50,000

(b) Barings Equipment Finance LLC 2025-A

.820

08/13/32

51,152

100,000

BBCMS Mortgage Trust 2022-C17

.174

09/15/55

97,389

50,000

BBCMS Mortgage Trust 2025-5C34

.659

05/15/58

52,364

50,000

BBCMS Mortgage Trust 2025-5C36

.033

08/15/58

51,243

150,000

Benchmark 2021-B27 Mortgage Trust

.703

07/15/54

112,524

100,000

(c) Benchmark 2024-V7 Mortgage Trust

.228

05/15/56

105,615

100,000

Benchmark 2025-V15 Mortgage Trust

.805

06/15/58

105,340

50,000

Benchmark 2025-V18 Mortgage Trust

.704

10/15/58

50,515

45,000

BMO 2023-5C2 Mortgage Trust

.673

11/15/56

47,356

50,000

BMO 2025-5C10 Mortgage Trust

.578

05/15/58

52,105

50,000

BMO 2025-C11 Mortgage Trust

.687

02/15/58

52,967

100,000

BMO Mortgage Trust

.180

10/15/58

102,812

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

50,000

(b) BofA Auto Trust 2025-1

.350

%

11/20/29

$

50,354

30,000

Capital One Prime Auto Receivables Trust 2024-1

.620

07/16/29

30,295

8,276

Carmax Auto Owner Trust 2024-3

.210

09/15/27

8,289

50,000

CarMax Auto Owner Trust 2024-4

.640

04/15/30

50,882

50,000

Carmax Auto Owner Trust 2025-2

.480

03/15/30

50,542

50,000

Carvana Auto Receivables Trust 2024-P3

.310

09/10/30

50,369

100,000

(b) CCG Receivables Trust

.140

08/15/34

100,272

48,603

(b) Chase Auto Owner Trust 2024-3

.220

07/25/29

49,163

100,000

Chase Issuance Trust

.160

07/15/30

100,975

75,860

CNH Equipment Trust 2023-B

.600

02/15/29

77,089

50,000

CNH Equipment Trust 2024-C

.120

03/15/32

50,285

100,000

(b) Dell Equipment Finance Trust 2025-1

.680

07/22/27

100,331

50,000

Drive Auto Receivables Trust 2025-1

.730

09/15/32

50,251

19,276

(b) Enterprise Fleet Financing 2024-3 LLC

.310

04/20/27

19,342

50,000

(b) Enterprise Fleet Financing 2025-2 LLC

.510

02/22/28

50,221

50,000

Exeter Automobile Receivables Trust 2024-4

.290

08/15/30

50,245

20,271

Fannie Mae Pool FN MA1489

.000

07/01/43

18,708

50,820

Fannie Mae Pool FN MA3211

.000

12/01/47

49,569

30,656

Fannie Mae Pool FN MA3277

.000

02/01/48

29,668

68,708

Fannie Mae Pool FN MA3305

.500

03/01/48

64,347

20,819

Fannie Mae Pool FN MA3306

.000

03/01/48

20,149

41,536

Fannie Mae Pool FN MA3383

.500

06/01/48

38,935

116,569

Fannie Mae Pool FN MA3416

.500

07/01/48

115,136

38,990

Fannie Mae Pool FN MA3663

.500

05/01/49

36,473

59,925

Fannie Mae Pool FN MA3744

.000

08/01/49

53,894

151,849

Fannie Mae Pool FN MA4160

.000

10/01/50

135,059

211,489

Fannie Mae Pool FN MA4305

.000

04/01/51

172,911

110,200

Fannie Mae Pool FN MA4438

.500

10/01/51

94,289

104,626

Fannie Mae Pool FN MA4562

.000

03/01/52

85,132

216,511

Fannie Mae Pool FN MA4578

.500

04/01/52

184,945

70,904

Fannie Mae Pool FN MA4737

.000

08/01/52

71,189

343,815

Fannie Mae Pool FN MA4738

.500

08/01/52

349,955

146,138

Fannie Mae Pool FN MA4761

.000

09/01/52

146,724

104,060

Fannie Mae Pool FN MA4783

.000

10/01/52

99,556

66,265

Fannie Mae Pool FN MA5216

.000

12/01/53

67,930

66,881

Fannie Mae Pool FN MA5295

.000

03/01/54

68,584

55,769

Fannie Mae Pool FN MA5329

.500

04/01/54

57,733

45,069

Fannie Mae Pool FN MA5391

.000

06/01/54

47,148

146,561

Fannie Mae Pool FN MA5469

.000

09/01/54

146,602

76,396

Fannie Mae Pool FN MA5471

.000

09/01/54

78,216

88,989

Fannie Mae Pool FN MA5761

.000

07/01/55

91,091

366,401

Fannie Mae Pool MA4492 FN MA4492

.000

12/01/51

298,421

114,457

Fannie Mae Pool MA4600 FN MA4600

.500

05/01/52

105,981

50,000

Ford Credit Auto Lease Trust 2024-B

.990

12/15/27

50,240

50,000

Ford Credit Auto Owner Trust 2024-B

.100

04/15/29

50,613

50,000

Ford Credit Floorplan Master Owner Trust A

.630

04/15/30

50,805

200,000

Freddie Mac Multifamily Structured Pass Through Certificates

.819

06/25/28

203,961

200,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.650

08/25/28

203,520

100,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.800

09/25/28

102,136

50,000

Freddie Mac Multifamily Structured Pass Through Certificates

.618

07/25/29

51,041

50,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.700

11/25/29

51,227

30,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.230

12/25/29

30,265

25,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.410

01/25/30

25,379

200,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.478

01/25/30

203,520

45,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.513

02/25/30

45,849

35,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.320

09/25/30

35,375

179,931

Freddie Mac Multifamily Structured Pass Through Certificates

.353

11/25/30

169,892

35,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.680

10/25/31

35,865

150,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.150

12/25/33

157,563

90,000

Freddie Mac Multifamily Structured Pass Through Certificates

.760

10/25/34

92,070

50,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.000

02/25/35

51,936

100,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.581

08/25/35

100,658

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

100,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

.530

%

10/25/35

$

100,195

76,492

Freddie Mac Pool FR RQ0015

.500

06/01/55

79,140

203,823

Ginnie Mae II Pool G2 MA4586

.500

07/20/47

191,250

107,231

Ginnie Mae II Pool G2 MA6218

.000

10/20/49

97,367

109,465

Ginnie Mae II Pool G2 MA6710

.000

06/20/50

99,051

216,754

Ginnie Mae II Pool G2 MA6819

.500

08/20/50

188,067

345,529

Ginnie Mae II Pool G2 MA7051

.000

12/20/50

287,577

167,945

Ginnie Mae II Pool G2 MA7136

.500

01/20/51

145,663

169,532

Ginnie Mae II Pool G2 MA7192

.000

02/20/51

141,098

219,311

Ginnie Mae II Pool G2 MA7255

.500

03/20/51

190,080

324,010

Ginnie Mae II Pool G2 MA7535

.000

08/20/51

292,759

447,742

Ginnie Mae II Pool G2 MA7767

.500

12/20/51

388,055

202,932

Ginnie Mae II Pool G2 MA7768

.000

12/20/51

183,584

192,264

Ginnie Mae II Pool G2 MA7883

.500

02/20/52

177,815

353,085

Ginnie Mae II Pool G2 MA7935

.000

03/20/52

293,854

219,126

Ginnie Mae II Pool G2 MA8046

.500

05/20/52

215,738

98,453

Ginnie Mae II Pool G2 MA8150

.000

07/20/52

93,975

184,554

Ginnie Mae II Pool G2 MA8489

.500

12/20/52

181,558

146,247

Ginnie Mae II Pool G2 MA8800

.000

04/20/53

146,775

152,560

Ginnie Mae II Pool G2 MA8875

.500

05/20/53

142,579

178,718

Ginnie Mae II Pool G2 MA8879

.500

05/20/53

181,626

147,129

Ginnie Mae II Pool G2 MA8946

.500

06/20/53

144,333

167,094

Ginnie Mae II Pool G2 MA9106

.500

08/20/53

170,463

191,406

Ginnie Mae II Pool G2 MA9170

.000

09/20/53

192,179

159,921

Ginnie Mae II Pool G2 MA9489

.000

02/20/54

164,187

210,517

Ginnie Mae II Pool G2 MA9538

.000

03/20/54

199,839

102,516

Ginnie Mae II Pool G2 MA9727

.500

06/20/54

106,106

113,533

Ginnie Mae II Pool G2 MA9780

.000

07/20/54

116,363

82,599

Ginnie Mae II Pool G2 MA9851

.500

08/20/54

83,642

185,277

Ginnie Mae II Pool G2 MA9905

.000

09/20/54

185,467

284,636

Ginnie Mae II Pool G2 MA9906

.500

09/20/54

288,835

94,744

Ginnie Mae II Pool G2 MA9907

.000

09/20/54

97,106

97,989

Ginnie Mae II Pool G2 MA9963

.500

10/20/54

95,797

287,512

Ginnie Mae II Pool G2 MA9964

.000

10/20/54

287,791

64,120

Ginnie Mae II Pool G2 MA9966

.000

10/20/54

65,718

173,478

Ginnie Mae II Pool G2 MB0022

.500

11/20/54

159,126

106,374

Ginnie Mae II Pool G2 MB0028

.500

11/20/54

110,045

212,473

Ginnie Mae II Pool G2 MB0089

.000

12/20/54

201,106

162,345

Ginnie Mae II Pool G2 MB0259

.500

03/20/55

164,497

139,751

Ginnie Mae II Pool G2 MB0260

.000

03/20/55

143,235

96,098

Ginnie Mae II Pool G2 MB0307

.000

04/20/55

96,191

192,079

Ginnie Mae II Pool G2 MB0366

.500

05/20/55

194,349

136,449

Ginnie Mae II Pool G2 MB0367

.000

05/20/55

139,851

130,328

Ginnie Mae II Pool G2 MB0368

.500

05/20/55

134,825

115,045

Ginnie Mae II Pool G2 MB0369

.000

05/20/55

118,477

108,711

Ginnie Mae II Pool G2 MB0421

.000

06/20/55

102,862

188,909

Ginnie Mae II Pool G2 MB0425

.000

06/20/55

193,619

105,262

Ginnie Mae II Pool G2 MB0557

.000

08/20/55

107,886

109,162

Ginnie Mae II Pool G2 MB0619

.500

09/20/55

100,058

99,315

Ginnie Mae II Pool G2 MB0621

.500

09/20/55

97,043

99,298

Ginnie Mae II Pool G2 MB0622

.000

09/20/55

99,395

98,830

Ginnie Mae II Pool G2 MB0623

.500

09/20/55

99,998

148,007

Ginnie Mae II Pool G2 MB0624

.000

09/20/55

151,697

143,059

Ginnie Mae II Pool G2 MB0625

.500

09/20/55

148,008

198,989

Ginnie Mae II Pool G2 MB0746

.500

11/20/55

201,340

103,897

Ginnie Mae II Pool MA7589 G2 MA7589

.500

09/20/51

90,048

50,000

(b) GLS Auto Receivables Issuer Trust 2025-2

.750

01/16/29

50,318

38,451

GM Financial Automobile Leasing Trust 2024-1

.090

03/22/27

38,528

25,000

Gm Financial Consumer Automobile Receivables Trust 2025-3

.300

09/16/31

25,314

176,419

GS Mortgage Securities Trust 2016-GS4

.178

11/10/49

175,421

50,000

Harley-Davidson Motorcycle Trust 2025-A

.670

04/15/30

50,599

45,414

Honda Auto Receivables 2024-2 Owner Trust

.270

11/20/28

45,905

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

100,000

(b) HPEFS Equipment Trust 2025-1

.430

%

09/20/32

$

100,811

100,000

(b) Hyundai Auto Lease Securitization Trust 2025-B

.530

04/17/28

100,920

45,000

Hyundai Auto Receivables Trust 2025-C

.890

01/15/32

44,966

100,000

(b) Kubota Credit Owner Trust 2025-1

.670

06/15/29

101,479

50,000

Mercedes-Benz Auto Lease Trust 2025-B

.880

04/16/29

50,083

25,000

Mercedes-Benz Auto Receivables Trust 2024-1

.790

07/15/31

25,452

50,000

Morgan Stanley BAML Trust

.107

11/15/58

51,409

231,616

Morgan Stanley Capital I Trust 2021-L5

.518

05/15/54

228,710

50,000

Nissan Auto Lease Trust 2025-A

.750

03/15/28

50,606

100,000

(b) OneMain Financial Issuance Trust 2023-2

.170

09/15/36

103,137

100,000

(b) PFS Financing Corp

.470

05/15/30

100,872

100,000

Santander Drive Auto Receivables Trust 2023-4

.040

12/15/31

102,812

50,000

(b) SFS Auto Receivables Securitization Trust 2025-3

.120

04/21/31

50,239

50,000

Toyota Auto Receivables 2024-C Owner Trust

.880

03/15/29

50,504

50,000

Toyota Auto Receivables 2025-A Owner Trust

.640

08/15/29

50,521

45,000

Verizon Master Trust

.210

06/20/29

45,234

40,000

Verizon Master Trust

.400

06/20/31

40,473

50,000

Volkswagen Auto Lease Trust 2025-B

.010

01/22/29

50,157

200,000

Wells Fargo Commercial Mortgage Trust 2024-5C1

.928

07/15/57

209,607

50,000

(b) Westlake Automobile Receivables Trust 2025-1

.750

08/15/28

50,294

45,119

World Omni Auto Receivables Trust 2024-B

.270

09/17/29

45,577

50,000

World Omni Auto Receivables Trust 2025-D

.950

03/17/31

50,160

TOTAL SECURITIZED

(Cost $17,832,891)

17,950,392

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY - 29.6%

600

United States Treasury Note/Bond

.750

04/30/26

596

1,000

United States Treasury Note/Bond

.500

03/31/27

988

30,000

United States Treasury Note/Bond

.750

04/30/27

29,713

200,000

United States Treasury Note/Bond

.500

05/15/27

202,367

50,000

United States Treasury Note/Bond

.875

05/31/27

50,217

2,800

United States Treasury Note/Bond

.250

06/30/27

2,789

300,000

United States Treasury Note/Bond

.750

06/30/27

300,891

United States Treasury Note/Bond

.750

07/31/27

100,000

United States Treasury Note/Bond

.875

07/31/27

100,488

2,550,000

United States Treasury Note/Bond

.625

08/31/27

2,553,387

1,150,000

United States Treasury Note/Bond

.500

09/30/27

1,149,371

1,400,000

United States Treasury Note/Bond

.500

10/31/27

1,399,016

300,000

United States Treasury Note/Bond

.375

11/30/27

299,156

150,000

United States Treasury Note/Bond

.625

05/31/28

150,205

105,000

United States Treasury Note/Bond

.375

08/31/28

107,022

100,000

United States Treasury Note/Bond

.875

10/31/28

103,305

150,000

United States Treasury Note/Bond

.125

11/15/28

148,148

500,000

United States Treasury Note/Bond

.000

01/31/29

505,469

275,000

United States Treasury Note/Bond

.250

02/28/29

279,984

250,000

United States Treasury Note/Bond

.500

09/30/29

248,408

200,000

United States Treasury Note/Bond

.125

10/31/29

202,969

450,000

United States Treasury Note/Bond

.125

11/30/29

456,680

600,000

United States Treasury Note/Bond

.375

12/31/29

614,297

2,800,000

United States Treasury Note/Bond

.250

01/31/30

2,854,688

350,000

United States Treasury Note/Bond

.000

03/31/30

353,486

200,000

United States Treasury Note/Bond

.875

06/30/30

200,945

150,000

United States Treasury Note/Bond

.875

07/31/30

150,691

100,000

United States Treasury Note/Bond

.625

08/31/30

99,367

300,000

United States Treasury Note/Bond

.625

09/30/30

297,984

700,000

United States Treasury Note/Bond

.625

10/31/30

695,023

200,000

United States Treasury Note/Bond

.750

08/31/31

198,648

500,000

United States Treasury Note/Bond

.375

01/31/32

511,758

30,000

United States Treasury Note/Bond

.000

02/15/34

29,752

60,000

United States Treasury Note/Bond

.250

11/15/34

60,277

#### Portfolio of Investments January 31, 2026
(continued)

#### NUAG

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY

(continued)

$

50,000

United States Treasury Note/Bond

.625

%

02/15/35

$

51,574

300,000

United States Treasury Note/Bond

.250

05/15/35

300,656

550,000

United States Treasury Note/Bond

.250

08/15/35

550,516

400,000

United States Treasury Note/Bond

.000

11/15/35

391,813

50,000

United States Treasury Note/Bond

.875

02/15/43

44,826

20,000

United States Treasury Note/Bond

.500

02/15/44

19,279

25,000

United States Treasury Note/Bond

.750

11/15/53

24,421

185,000

United States Treasury Note/Bond

.250

08/15/54

166,406

100,000

United States Treasury Note/Bond

.500

11/15/54

93,816

250,000

United States Treasury Note/Bond

.625

02/15/55

239,492

100,000

United States Treasury Note/Bond

.750

05/15/55

97,766

200,000

United States Treasury Note/Bond

.750

08/15/55

195,594

1,400,000

United States Treasury Note/Bond

.625

12/31/30

1,388,954

TOTAL U.S. TREASURY

(Cost $17,869,951)

17,923,593

TOTAL LONG-TERM INVESTMENTS

(Cost $60,367,058)

59,701,933

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.2%

140,973

(d) State Street Navigator Securities Lending Government Money

Market Portfolio

3.710 (e)

$

140,973

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $140,973)

140,973

TOTAL INVESTMENTS - 98.9%

(Cost $60,508,031)

59,842,906

OTHER ASSETS & LIABILITIES, NET - 1.1%

670,895

NET ASSETS - 100%

$

60,513,801

REIT

Real Estate Investment Trust

(a) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the reporting period was $135,581.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $1,449,172 or 2.4% of Total Investments.

(c) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(d) The Fund may loan securities representing up to one third of the value of its total assets (which includes collateral for securities on

loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a value, at the inception of

each loan, equal to not less than 100% of the value of the loaned securities. The cash collateral received by the Fund is invested in

this money market fund.

(e) The rate shown is the one-day yield as of the end of the reporting period.

#### Portfolio of Investments January 31, 2026

#### NUSA
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.9%

CORPORATE DEBT - 23.1%

FINANCIALS - 9.9%

$

80,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

3.875 %

01/23/28

$

79,692

10,000

Alexandria Real Estate Equities Inc

4.500 07/30/29

10,059

20,000

Ally Financial Inc

7.100 11/15/27

21,003

90,000

American Express Co

5.850 11/05/27

92,978

50,000

American International Group Inc

4.850 05/07/30

51,212

50,000

Banco Santander SA

2.749 12/03/30

45,597

180,000

Bank of America Corp

4.376 04/27/28

180,825

50,000

Bank of America Corp

5.162 01/24/31

51,557

50,000

Bank of Montreal

5.004 01/27/29

50,933

50,000

Bank of New York Mellon Corp/The

4.441 06/09/28

50,374

50,000

Bank of New York Mellon Corp/The

4.026 01/22/30

49,954

50,000

Bank of Nova Scotia/The

5.130 02/14/31

51,454

10,000

Canadian Imperial Bank of Commerce

5.260 04/08/29

10,346

14,000

Capital One Financial Corp

3.800 01/31/28

13,932

50,000

Capital One Financial Corp

4.722 01/30/32

50,015

50,000

Centene Corp

3.000 10/15/30

44,781

27,000

Charles Schwab Corp/The

2.450 03/03/27

26,625

20,000

Charles Schwab Corp/The

5.643 05/19/29

20,756

150,000

Citigroup Inc

4.658 05/24/28

151,272

50,000

Citigroup Inc

4.952 05/07/31

51,024

50,000

Citizens Financial Group Inc

5.299 01/29/36

50,238

50,000

Deutsche Bank AG/New York NY

5.371 09/09/27

51,255

30,000

Digital Realty Trust LP

3.700 08/15/27

29,862

20,000

Elevance Health Inc

3.650 12/01/27

19,908

7,000

Equitable Holdings Inc

4.350 04/20/28

7,039

14,000

Goldman Sachs Group Inc/The

6.484 10/24/29

14,821

50,000

Goldman Sachs Group Inc/The

5.218 04/23/31

51,503

102,000

HSBC Holdings PLC

4.755 06/09/28

102,886

40,000

HSBC Holdings PLC

2.357 08/18/31

36,469

50,000

Humana Inc

5.750 12/01/28

51,806

50,000

Intercontinental Exchange Inc

3.950 12/01/28

50,041

38,000

JPMorgan Chase & Co

4.851 07/25/28

38,466

50,000

JPMorgan Chase & Co

4.995 07/22/30

51,321

50,000

JPMorgan Chase & Co

4.603 10/22/30

50,718

70,000

JPMorgan Chase & Co

5.140 01/24/31

72,225

50,000

JPMorgan Chase & Co

4.347 01/22/32

49,868

125,000

Kreditanstalt fuer Wiederaufbau

3.750 03/14/31

124,557

60,000

Lloyds Banking Group PLC

3.750 03/18/28

59,836

20,000

M&T Bank Corp

7.413 10/30/29

21,680

60,000

Mitsubishi UFJ Financial Group Inc

4.080 04/19/28

60,065

40,000

Mizuho Financial Group Inc

4.018 03/05/28

40,121

83,000

Morgan Stanley

5.164 04/20/29

84,824

100,000

Morgan Stanley

5.042 07/19/30

102,451

60,000

Morgan Stanley

5.192 04/17/31

61,762

32,000

Nasdaq Inc

5.350 06/28/28

32,964

50,000

Oesterreichische Kontrollbank AG

3.750 01/15/31

49,792

50,000

ORIX Corp

4.450 09/09/30

50,059

10,000

Pinnacle Financial Partners Inc

6.168 11/01/30

10,416

50,000

PNC Financial Services Group Inc/The

5.222 01/29/31

51,614

20,000

Progressive Corp/The

2.500 03/15/27

19,713

50,000

Prologis LP

1.750 07/01/30

45,056

100,000

Royal Bank of Canada

4.969 08/02/30

102,397

20,000

Santander Holdings USA Inc

6.174 01/09/30

20,877

40,000

State Street Corp

5.820 11/04/28

41,314

80,000

Sumitomo Mitsui Financial Group Inc

4.660 07/08/31

80,788

50,000

Synchrony Financial

5.019 07/29/29

50,584

50,000

Toronto-Dominion Bank/The

4.808 06/03/30

51,016

50,000

Truist Financial Corp

7.161 10/30/29

53,842

10,000

Voya Financial Inc

4.700 01/23/48

9,580

#### Portfolio of Investments January 31, 2026
(continued)

#### NUSA

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

50,000

Webster Financial Corp

5.784 %

09/11/35

$

50,347

50,000

Wells Fargo & Co

4.970 04/23/29

50,951

100,000

Wells Fargo & Co

5.150 04/23/31

102,971

50,000

Welltower OP LLC

4.500 07/01/30

50,501

40,000

Westpac Banking Corp

5.050 04/16/29

41,408

20,000

Willis North America Inc

4.650 06/15/27

20,155

TOTAL FINANCIALS

3,374,456

INDUSTRIAL - 11.8%

60,000

AbbVie Inc

4.800 03/15/29

61,469

10,000

Adobe Inc

4.850 04/04/27

10,123

50,000

Adobe Inc

4.950 01/17/30

51,715

50,000

American Honda Finance Corp

4.500 09/04/30

50,201

40,000

American Tower Corp

3.650 03/15/27

39,857

50,000

American Tower Corp

4.900 03/15/30

51,073

40,000

Amgen Inc

3.200 11/02/27

39,568

20,000

Analog Devices Inc

4.500 06/15/30

20,273

20,000

Arrow Electronics Inc

5.150 08/21/29

20,460

50,000

Astrazeneca Finance LLC

4.850 02/26/29

51,303

50,000

AT&T Inc

4.400 04/30/31

49,996

100,000

Broadcom Inc

4.200 10/15/30

99,696

50,000

Broadcom Inc

4.300 01/15/31

49,969

50,000

Bunge Ltd Finance Corp

4.550 08/04/30

50,389

20,000

Canadian Pacific Railway Co

1.750 12/02/26

19,651

50,000

Caterpillar Financial Services Corp

4.800 01/08/30

51,656

70,000

Cigna Group/The

5.000 05/15/29

71,898

50,000

Cintas Corp No 2

4.200 05/01/28

50,286

100,000

Cisco Systems Inc

4.750 02/24/30

102,666

50,000

CNH Industrial Capital LLC

4.500 10/08/27

50,330

60,000

Coca-Cola Co/The

1.500 03/05/28

57,425

10,000

Colgate-Palmolive Co

3.100 08/15/27

9,929

10,000

Colgate-Palmolive Co

4.200 05/01/30

10,086

79,000

(a) Comcast Corp

5.168 01/15/37

77,701

50,000

Conagra Brands Inc

5.000 08/01/30

50,536

40,000

Crown Castle Inc

2.900 03/15/27

39,505

50,000

Cummins Inc

4.250 05/09/28

50,499

20,000

Dell International LLC / EMC Corp

5.250 02/01/28

20,457

70,000

Eastman Chemical Co

5.000 08/01/29

71,520

10,000

eBay Inc

5.950 11/22/27

10,321

50,000

Eli Lilly & Co

4.150 08/14/27

50,347

10,000

Eli Lilly & Co

4.000 10/15/28

10,070

50,000

Enbridge Inc

5.300 04/05/29

51,587

20,000

Equinix Inc

1.800 07/15/27

19,384

15,000

Fidelity National Information Services Inc

1.650 03/01/28

14,278

40,000

Fiserv Inc

5.450 03/02/28

40,995

30,000

GE HealthCare Technologies Inc

4.800 08/14/29

30,612

20,000

General Mills Inc

4.200 04/17/28

20,064

100,000

General Motors Financial Co Inc

5.450 07/15/30

103,906

20,000

Gilead Sciences Inc

2.950 03/01/27

19,825

15,000

Global Payments Inc

4.950 08/15/27

15,177

43,000

HCA Inc

3.125 03/15/27

42,585

10,000

Hershey Co/The

4.550 02/24/28

10,159

30,000

Hewlett Packard Enterprise Co

5.250 07/01/28

30,764

50,000

Home Depot Inc/The

3.750 09/15/28

50,031

20,000

Home Depot Inc/The

4.900 04/15/29

20,575

50,000

IBM International Capital Pte Ltd

4.600 02/05/29

50,824

30,000

Illumina Inc

5.750 12/13/27

30,883

50,000

Intel Corp

1.600 08/12/28

47,136

10,000

IQVIA Inc

6.250 02/01/29

10,521

10,000

Jabil Inc

4.250 05/15/27

10,027

50,000

Jabil Inc

4.200 02/01/29

49,981

40,000

John Deere Capital Corp

4.950 07/14/28

41,093

30,000

Kellanova

3.400 11/15/27

29,787

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

20,000

Keurig Dr Pepper Inc

5.050 %

03/15/29

$

20,431

20,000

Laboratory Corp of America Holdings

3.600 09/01/27

19,892

20,000

Lennox International Inc

1.700 08/01/27

19,341

50,000

Lowe's Cos Inc

4.000 10/15/28

50,057

50,000

Marriott International Inc/MD

4.875 05/15/29

51,149

20,000

Mastercard Inc

4.875 03/09/28

20,443

10,000

Mastercard Inc

4.550 03/15/28

10,169

10,000

McCormick & Co Inc/MD

3.400 08/15/27

9,926

50,000

McDonald's Corp

5.000 05/17/29

51,471

30,000

Merck & Co Inc

4.050 05/17/28

30,218

50,000

Microsoft Corp

1.350 09/15/30

44,718

30,000

Mondelez International Inc

2.625 03/17/27

29,575

50,000

Mosaic Co/The

4.350 01/15/29

50,155

10,000

Motorola Solutions Inc

4.600 02/23/28

10,102

20,000

MPLX LP

4.250 12/01/27

20,056

50,000

National Fuel Gas Co

5.500 03/15/30

51,719

10,000

Nokia Oyj

4.375 06/12/27

9,979

10,000

Nordson Corp

4.500 12/15/29

10,074

50,000

Novartis Capital Corp

4.100 11/05/30

50,002

10,000

Nutrien Ltd

.200

06/21/27

10,158

50,000

Oracle Corp

4.800 08/03/28

50,347

100,000

Oracle Corp

4.200 09/27/29

98,376

50,000

PACCAR Financial Corp

4.550 05/08/30

50,906

10,000

Parker-Hannifin Corp

4.250 09/15/27

10,055

10,000

PayPal Holdings Inc

3.900 06/01/27

10,018

10,000

Phillips 66 Co

3.750 03/01/28

9,949

10,000

Regal Rexnord Corp

6.050 04/15/28

10,366

50,000

Republic Services Inc

4.750 07/15/30

51,119

30,000

Rogers Communications Inc

3.200 03/15/27

29,731

40,000

Roper Technologies Inc

1.400 09/15/27

38,434

10,000

Ryder System Inc

6.300 12/01/28

10,573

50,000

Ryder System Inc

4.900 12/01/29

51,115

10,000

S&P Global Inc

2.450 03/01/27

9,858

20,000

Sabine Pass Liquefaction LLC

5.000 03/15/27

20,121

50,000

Sanofi SA

3.800 11/03/28

50,024

30,000

Sherwin-Williams Co/The

3.450 06/01/27

29,814

10,000

Stanley Black & Decker Inc

4.250 11/15/28

10,032

50,000

Starbucks Corp

4.800 05/15/30

51,066

50,000

Stryker Corp

4.850 02/10/30

51,301

10,000

Sysco Corp

3.250 07/15/27

9,913

50,000

Texas Instruments Inc

.500

05/23/30

50,788

10,000

Toll Brothers Finance Corp

3.800 11/01/29

9,860

50,000

Toyota Motor Credit Corp

4.050 09/05/28

50,271

50,000

Toyota Motor Credit Corp

4.800 05/15/30

51,182

12,000

TransCanada PipeLines Ltd

4.250 05/15/28

12,044

20,000

Tyco Electronics Group SA

4.625 02/01/30

20,375

20,000

Unilever Capital Corp

4.875 09/08/28

20,522

50,000

Valero Energy Corp

5.150 02/15/30

51,496

60,000

Verizon Communications Inc

2.100 03/22/28

57,771

19,000

(a) Verizon Communications Inc

5.401 07/02/37

19,169

15,000

VMware LLC

3.900 08/21/27

15,004

60,000

Waste Management Inc

3.150 11/15/27

59,401

50,000

Westinghouse Air Brake Technologies Corp

4.900 05/29/30

51,097

10,000

Weyerhaeuser Co

4.000 04/15/30

9,852

80,000

Williams Cos Inc/The

4.800 11/15/29

81,585

20,000

Zimmer Biomet Holdings Inc

5.350 12/01/28

20,692

TOTAL INDUSTRIAL

3,995,031

UTILITY - 1.4%

38,000

American Water Capital Corp

2.950 09/01/27

37,516

20,000

Atmos Energy Corp

3.000 06/15/27

19,806

50,000

Black Hills Corp

4.550 01/31/31

49,971

50,000

Consumers Energy Co

4.500 01/15/31

50,494

#### Portfolio of Investments January 31, 2026
(continued)

#### NUSA

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

50,000

DTE Energy Co

4.950 %

07/01/27

$

50,627

60,000

Edison International

5.250 11/15/28

61,015

49,000

Eversource Energy

2.900 03/01/27

48,414

50,000

FirstEnergy Transmission LLC

4.550 01/15/30

50,294

50,000

National Rural Utilities Cooperative Finance Corp

5.100 05/06/27

50,719

25,000

OGE Energy Corp

5.450 05/15/29

25,890

50,000

(b) Public Service Electric and Gas Co

4.200 01/01/31

49,872

TOTAL UTILITY

494,618

TOTAL CORPORATE DEBT

(Cost $7,760,895)

7,864,105

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT RELATED - 5.8%

GOVERNMENT AGENCY - 2.0%

40,000

Equinor ASA

3.000 04/06/27

39,709

50,000

Export Development Canada

3.750 09/07/27

50,100

200,000

Korea Development Bank/The

4.625 02/03/28

203,187

80,000

Kreditanstalt fuer Wiederaufbau

3.500 08/27/27

79,930

50,000

Kreditanstalt fuer Wiederaufbau

3.500 08/09/28

49,912

80,000

Landwirtschaftliche Rentenbank

1.750 07/27/26

79,230

20,000

Oesterreichische Kontrollbank AG

0.500 02/02/26

20,000

70,000

Oesterreichische Kontrollbank AG

.750

05/21/27

71,015

45,000

Oesterreichische Kontrollbank AG

4.000 05/28/28

45,365

36,000

Svensk Exportkredit AB

4.375 02/13/26

36,005

TOTAL GOVERNMENT AGENCY

674,453

MUNICIPAL BONDS - 0.5%

28,000

Province of British Columbia Canada

4.800 11/15/28

28,785

60,000

Province of Ontario Canada

4.200 01/18/29

60,786

60,000

Province of Quebec Canada

4.500 04/03/29

61,301

10,000

Province of Saskatchewan Canada

4.650 01/28/30

10,272

TOTAL MUNICIPAL BONDS

161,144

SOVEREIGN DEBT - 3.3%

110,000

Asian Development Bank

1.000 04/14/26

109,396

150,000

Asian Development Bank

0.750 10/08/30

130,423

100,000

Canada Government International Bond

3.750 04/26/28

100,380

50,000

Council Of Europe Development Bank

3.625 05/08/28

50,012

60,000

Council Of Europe Development Bank

4.500 01/15/30

61,595

60,000

European Investment Bank

2.375 05/24/27

59,080

40,000

European Investment Bank

3.875 06/15/28

40,259

50,000

European Investment Bank

4.750 06/15/29

51,694

50,000

European Investment Bank

3.750 03/13/31

49,739

40,000

Indonesia Government International Bond

4.550 01/11/28

40,399

50,000

Inter-American Development Bank

3.750 06/14/30

49,968

80,000

International Bank for Reconstruction & Development

4.000 08/27/26

80,029

60,000

International Bank for Reconstruction & Development

4.625 08/01/28

61,439

60,000

International Bank for Reconstruction & Development

3.875 10/16/29

60,342

50,000

International Bank for Reconstruction & Development

3.500 10/28/30

49,318

18,000

International Finance Corp

4.500 07/13/28

18,366

50,000

International Finance Corp

3.500 01/22/29

49,806

10,000

Republic of Poland Government International Bond

5.500 11/16/27

10,272

60,000

Republic of Poland Government International Bond

4.875 02/12/30

61,669

TOTAL SOVEREIGN DEBT

1,134,186

TOTAL GOVERNMENT RELATED

(Cost $1,952,648)

1,969,783

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 7.1%

46,807

BANK 2021-BNK34

1.935 06/15/63

44,745

45,000

BANK5 2024-5YR9

5.614 08/15/57

46,875

50,000

BBCMS Mortgage Trust 2025-5C33

5.839 03/15/58

52,648

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

100,000

Benchmark 2021-B29 Mortgage Trust

2.024 %

09/15/54

$

97,328

50,000

(c) Benchmark 2024-V7 Mortgage Trust

6.228 05/15/56

52,807

50,000

BMO 2025-5C10 Mortgage Trust

5.578 05/15/58

52,105

50,000

Capital One Multi-Asset Execution Trust

3.920 09/15/29

50,165

68,303

CarMax Auto Owner Trust 2023-4

6.000 07/17/28

69,125

100,000

Chase Issuance Trust

4.160 07/15/30

100,975

50,575

Fannie Mae Pool FN MA3798

3.000 10/01/34

48,984

14,036

Fannie Mae Pool FN MA3828

3.000 11/01/34

13,595

15,345

Fannie Mae Pool FN MA3897

3.000 01/01/35

14,854

87,868

Fannie Mae Pool FN MA3985

3.000 04/01/35

84,827

214,561

Fannie Mae Pool FN MA4206

2.000 12/01/35

198,746

212,425

Fannie Mae Pool FN MA4404

2.500 08/01/36

200,997

89,261

Fannie Mae Pool FN MA4417

1.500 09/01/36

80,623

166,213

Fannie Mae Pool FN MA4469

1.500 11/01/36

150,290

126,412

Fannie Mae Pool FN MA4567

2.000 03/01/37

116,820

62,869

Fannie Mae Pool FN MA4583

.500

04/01/37

59,393

59,649

Fannie Mae Pool FN MA4990

4.500 04/01/38

59,784

67,964

Fannie Mae Pool FN MA5023

4.000 05/01/38

67,130

69,618

Fannie Mae Pool FN MA5061

5.500 06/01/38

71,202

28,353

Fannie Mae Pool FN MA5093

5.000 07/01/38

28,698

60,702

Fannie Mae Pool FN MA5145

6.000 09/01/38

62,933

47,354

Freddie Mac Gold Pool FG G18642

3.500 04/01/32

46,905

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

4.819 06/25/28

101,981

50,000

Freddie Mac Multifamily Structured Pass Through Certificates

4.618 07/25/29

51,041

50,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

4.410 01/25/30

50,758

45,000

(c) Freddie Mac Multifamily Structured Pass Through Certificates

4.513 02/25/30

45,849

50,000

Honda Auto Receivables 2024-3 Owner Trust

4.570 03/21/29

50,392

33,191

(a) SoFi Professional Loan Program 2020-C Trust

1.950 02/15/46

31,307

50,000

Toyota Auto Receivables 2025-A Owner Trust

4.640 08/15/29

50,521

45,000

Verizon Master Trust

5.210 06/20/29

45,234

99,216

Wells Fargo Commercial Mortgage Trust 2018-C44

3.948 05/15/51

98,997

TOTAL SECURITIZED

(Cost $2,418,317)

2,398,634

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY - 62.9%

100,000

United States Treasury Note/Bond

3.875 03/31/27

100,371

650,000

United States Treasury Note/Bond

2.750 04/30/27

643,779

650,000

United States Treasury Note/Bond

2.625 05/31/27

642,281

700,000

United States Treasury Note/Bond

3.875 05/31/27

703,035

150,000

United States Treasury Note/Bond

3.250 06/30/27

149,426

1,000,000

United States Treasury Note/Bond

3.750 06/30/27

1,002,969

250,000

United States Treasury Note/Bond

2.750 07/31/27

247,178

300,000

United States Treasury Note/Bond

3.875 07/31/27

301,465

150,000

United States Treasury Note/Bond

3.125 08/31/27

149,063

1,150,000

United States Treasury Note/Bond

3.625 08/31/27

1,151,527

550,000

United States Treasury Note/Bond

3.500 09/30/27

549,699

500,000

United States Treasury Note/Bond

3.500 10/31/27

499,648

500,000

United States Treasury Note/Bond

4.125 10/31/27

504,863

500,000

United States Treasury Note/Bond

3.875 11/30/27

502,949

100,000

United States Treasury Note/Bond

3.875 12/31/27

100,617

500,000

United States Treasury Note/Bond

3.500 01/31/28

499,668

300,000

United States Treasury Note/Bond

4.000 02/29/28

302,684

540,000

United States Treasury Note/Bond

3.625 03/31/28

540,844

700,000

United States Treasury Note/Bond

3.500 04/30/28

699,070

400,000

United States Treasury Note/Bond

3.625 05/31/28

400,547

200,000

United States Treasury Note/Bond

4.000 06/30/28

202,023

75,000

United States Treasury Note/Bond

4.125 07/31/28

75,990

300,000

United States Treasury Note/Bond

4.625 09/30/28

307,852

250,000

United States Treasury Note/Bond

4.375 11/30/28

255,127

300,000

United States Treasury Note/Bond

4.000 01/31/29

303,281

#### Portfolio of Investments January 31, 2026
(continued)

#### NUSA

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY

(continued)

$

500,000

United States Treasury Note/Bond

4.250 %

02/28/29

$

509,063

300,000

United States Treasury Note/Bond

4.125 03/31/29

304,383

1,150,000

United States Treasury Note/Bond

4.625 04/30/29

1,184,320

600,000

United States Treasury Note/Bond

4.500 05/31/29

615,797

100,000

United States Treasury Note/Bond

4.250 06/30/29

101,879

100,000

United States Treasury Note/Bond

4.000 07/31/29

101,094

200,000

United States Treasury Note/Bond

3.625 08/31/29

199,625

150,000

United States Treasury Note/Bond

3.500 09/30/29

149,045

350,000

United States Treasury Note/Bond

4.125 10/31/29

355,195

420,000

United States Treasury Note/Bond

4.125 11/30/29

426,234

900,000

United States Treasury Note/Bond

4.375 12/31/29

921,445

545,000

United States Treasury Note/Bond

4.250 01/31/30

555,645

640,000

United States Treasury Note/Bond

4.000 03/31/30

646,375

150,000

United States Treasury Note/Bond

3.875 04/30/30

150,750

150,000

United States Treasury Note/Bond

4.000 05/31/30

151,482

600,000

United States Treasury Note/Bond

3.875 06/30/30

602,836

350,000

United States Treasury Note/Bond

3.875 07/31/30

351,613

950,000

United States Treasury Note/Bond

3.625 08/31/30

943,988

400,000

United States Treasury Note/Bond

3.625 09/30/30

397,313

500,000

United States Treasury Note/Bond

3.625 10/31/30

496,445

400,000

United States Treasury Note/Bond

3.375 12/31/27

398,844

200,000

United States Treasury Note/Bond

3.500 01/15/29

199,422

300,000

United States Treasury Note/Bond

3.625 12/31/30

297,633

475,000

United States Treasury Note/Bond

3.750 01/31/31

473,813

TOTAL U.S. TREASURY

(Cost $21,198,739)

21,370,195

TOTAL LONG-TERM INVESTMENTS

(Cost $33,330,599)

33,602,717

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.1%

38,011

(d) State Street Navigator Securities Lending Government Money

Market Portfolio

3.710 (e)

$

38,011

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $38,011)

38,011

TOTAL INVESTMENTS - 99.0%

(Cost $33,368,610)

33,640,728

OTHER ASSETS & LIABILITIES, NET - 1.0%

338,207

NET ASSETS - 100%

$

33,978,935

S&P

Standard & Poor's

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $128,177 or 0.4% of Total Investments.

(b) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the reporting period was $36,905.

(c) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(d) The Fund may loan securities representing up to one third of the value of its total assets (which includes collateral for securities on

loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a value, at the inception of

each loan, equal to not less than 100% of the value of the loaned securities. The cash collateral received by the Fund is invested in

this money market fund.

(e) The rate shown is the one-day yield as of the end of the reporting period.

#### Portfolio of Investments January 31, 2026

#### NUHY
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.0%

CORPORATE DEBT - 98.0%

FINANCIALS - 14.2%

$

250,000

Ally Financial Inc

.700

%

02/14/33

$

260,610

190,000

(a),(b)

Apollo Commercial Real Estate Finance Inc

.625

06/15/29

189,306

470,000

(b) Baldwin Insurance Group Holdings LLC / Baldwin Insurance

Group Holdings Finance

.125

05/15/31

483,312

120,000

Brandywine Operating Partnership LP

.875

04/12/29

128,932

202,000

(b) Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus

LLC / GGSI Sellco LL

.500

04/01/27

199,451

260,000

(b) Burford Capital Global Finance LLC

.500

07/15/33

251,013

237,000

(b) Compass Group Diversified Holdings LLC

.250

04/15/29

220,712

250,000

(b) Credit Acceptance Corp

.250

12/15/28

261,968

800,000

(b) Credit Acceptance Corp

.625

03/15/30

800,785

59,000

Diversified Healthcare Trust

.375

03/01/31

52,643

200,000

(b) Encore Capital Group Inc

.500

05/15/30

214,421

80,000

(b) Encore Capital Group Inc

.625

04/15/31

80,679

100,000

(b) FTAI Aviation Investors LLC

.875

12/01/30

106,030

200,000

(b) FTAI Aviation Investors LLC

.000

06/15/32

210,487

400,000

(b) FTAI Aviation Investors LLC

.875

04/15/33

405,551

350,000

(b) FTAI Aviation Ltd

.000

05/01/31

368,259

250,000

(b) Genesee & Wyoming Inc

.250

04/15/32

257,367

200,000

(b) Global Atlantic Fin Co

.950

10/15/54

206,726

150,000

(b) Global Atlantic Fin Co

.250

03/01/56

151,230

100,000

(b) goeasy Ltd

.250

12/01/28

102,809

90,000

HA Sustainable Infrastructure Capital Inc

.000

06/01/56

94,410

210,000

(b) Howard Hughes Corp/The

.375

02/01/31

198,881

440,000

Kennedy-Wilson Inc

.750

03/01/29

430,564

530,000

Kennedy-Wilson Inc

.750

02/01/30

509,383

605,000

(a) Kennedy-Wilson Inc

.000

03/01/31

581,109

350,000

(b) Molina Healthcare Inc

.875

05/15/32

314,948

120,000

(b) Molina Healthcare Inc

.250

01/15/33

120,847

200,000

(b) MPT Operating Partnership LP / MPT Finance Corp

.500

02/15/32

214,271

100,000

(a) Navient Corp

.500

03/15/29

97,810

400,000

Navient Corp

.375

07/25/30

430,778

200,000

(a) Navient Corp

.875

06/15/32

201,864

300,000

OneMain Finance Corp

.875

09/15/28

291,751

400,000

OneMain Finance Corp

.500

05/15/31

419,337

410,000

(b) Park Intermediate Holdings LLC / PK Domestic Property LLC / PK

Finance Co-Issuer

.875

05/15/29

401,086

100,000

(b) PennyMac Financial Services Inc

.125

11/15/30

103,240

145,000

(b) PennyMac Financial Services Inc

.750

09/15/31

143,196

100,000

(b) PennyMac Financial Services Inc

.875

05/15/32

102,196

100,000

(b) PennyMac Financial Services Inc

.875

02/15/33

102,001

110,000

(b) PRA Group Inc

.875

01/31/30

110,746

310,000

(b) PROG Holdings Inc

.000

11/15/29

306,822

360,000

(b) RHP Hotel Properties LP / RHP Finance Corp

.500

02/15/29

354,788

200,000

(b) RHP Hotel Properties LP / RHP Finance Corp

.500

04/01/32

206,830

150,000

(b) Rocket Cos Inc

.500

08/01/29

154,293

500,000

(b) Rocket Cos Inc

.125

08/01/30

511,905

450,000

(b) Rocket Cos Inc

.125

02/01/32

470,244

450,000

(b) Rocket Cos Inc

.375

08/01/33

466,857

550,000

(b) Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc

.000

10/15/33

505,026

380,000

(b) Ryan Specialty LLC

.875

08/01/32

386,313

220,000

(b) Starwood Property Trust Inc

.375

01/15/27

218,554

815,000

(b) Starwood Property Trust Inc

.250

04/01/29

859,518

850,000

(b) Starwood Property Trust Inc

.500

07/01/30

885,160

400,000

(b) Starwood Property Trust Inc

.500

10/15/30

416,576

200,000

(b) Stonex Escrow Issuer LLC

.875

07/15/32

206,340

200,000

(b) StoneX Group Inc

.875

03/01/31

212,777

100,000

Synchrony Financial

.250

02/02/33

106,208

#### Portfolio of Investments January 31, 2026
(continued)

#### NUHY

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

460,000

(b) XHR LP

.875

%

06/01/29

$

453,464

TOTAL FINANCIALS

16,542,384

INDUSTRIAL - 79.6%

1,010,000

(b) 1011778 BC ULC / New Red Finance Inc

.125

06/15/29

1,035,419

490,000

(b) 1011778 BC ULC / New Red Finance Inc

.625

09/15/29

498,292

460,000

(b) 1261229 BC Ltd

.000

04/15/32

472,078

110,000

(b) AAR Escrow Issuer LLC

.750

03/15/29

113,849

150,000

(a),(b)

Acadia Healthcare Co Inc

.375

03/15/33

148,169

420,000

(a),(b)

ACCO Brands Corp

.250

03/15/29

388,864

450,000

(b) Acushnet Co

.625

12/01/33

454,230

470,000

(b) AdaptHealth LLC

.625

08/01/29

453,959

370,000

(b) AdaptHealth LLC

.125

03/01/30

359,308

240,000

(b) Adient Global Holdings Ltd

.000

04/15/28

245,457

290,000

(b) Adient Global Holdings Ltd

.250

04/15/31

303,856

100,000

(b) ADT Security Corp/The

.125

08/01/29

97,428

100,000

(b) ADT Security Corp/The

.875

10/15/33

101,375

150,000

(b) Advance Auto Parts Inc

.375

08/01/33

152,250

100,000

(b) Advanced Drainage Systems Inc

.375

06/15/30

102,243

300,000

(b) AECOM

.000

08/01/33

307,319

750,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.500

02/15/28

762,010

500,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.500

03/31/31

500,885

1,480,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.250

03/15/33

1,511,230

300,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.750

03/31/34

295,042

170,000

(b) Allison Transmission Inc

.750

01/30/31

160,247

140,000

(b) Alta Equipment Group Inc

.000

06/01/29

133,778

1,150,000

American Axle & Manufacturing Inc

.000

10/01/29

1,121,984

200,000

(b) ams-OSRAM AG

.250

03/30/29

212,515

330,000

(b) Antero Midstream Partners LP / Antero Midstream Finance Corp

.375

06/15/29

330,572

192,000

(b) Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp

.000

04/15/30

194,395

20,000

(b) Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp

.750

01/15/29

19,735

830,000

(b) APLD COMPUTECO LLC

.250

12/15/30

862,158

150,000

(b) Archrock Partners LP / Archrock Partners Finance Corp

.625

09/01/32

155,490

100,000

(b) Arcosa Inc

.875

08/15/32

105,338

80,000

(b) Ardagh Metal Packaging Finance USA LLC / Ardagh Metal

Packaging Finance PLC

.000

09/01/29

75,992

35,000

(b) Asbury Automotive Group Inc

.625

11/15/29

34,467

260,000

(b) Asbury Automotive Group Inc

.000

02/15/32

252,668

600,000

(b) Aston Martin Capital Holdings Ltd

.000

03/31/29

535,524

150,000

(b) Avantor Funding Inc

.875

11/01/29

144,036

350,000

(b) Avianca Midco 2 PLC

.000

12/01/28

356,562

210,000

(b) Avianca Midco 2 PLC

.625

02/14/30

215,145

60,000

(b) Avient Corp

.125

08/01/30

61,716

150,000

(b) Avient Corp

.250

11/01/31

154,219

150,000

(b) Avis Budget Car Rental LLC / Avis Budget Finance Inc

.750

04/01/28

146,866

200,000

(b) Avis Budget Car Rental LLC / Avis Budget Finance Inc

.375

03/01/29

195,035

150,000

(b) Avis Budget Car Rental LLC / Avis Budget Finance Inc

.000

02/15/31

153,340

110,000

(b) Axalta Coating Systems Dutch Holding B BV

.250

02/15/31

115,770

100,000

(b) Axon Enterprise Inc

.125

03/15/30

102,795

190,000

(b) Axon Enterprise Inc

.250

03/15/33

196,869

190,000

(b) B&G Foods Inc

.000

09/15/28

179,313

390,000

Ball Corp

.875

08/15/30

359,087

240,000

Ball Corp

.125

09/15/31

220,566

100,000

(b) Bausch Health Cos Inc

.875

06/01/28

92,499

309,000

(b) Bausch Health Cos Inc

.000

09/30/28

321,230

610,000

Bell Telephone Co of Canada or Bell Canada

.875

09/15/55

632,001

950,000

Bell Telephone Co of Canada or Bell Canada

.000

09/15/55

996,389

210,000

(b) Belron UK Finance PLC

.750

10/15/29

213,999

55,000

Block Inc

.500

05/15/32

57,142

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

190,000

(b) Bombardier Inc

.500

%

02/01/29

$

197,366

325,000

(b) Bombardier Inc

.750

11/15/30

348,292

230,000

(b) Bombardier Inc

.250

07/01/31

244,183

330,000

(b) Bombardier Inc

.000

06/01/32

346,407

130,000

(b) Bombardier Inc

.750

06/15/33

136,551

250,000

(b) British Telecommunications PLC

.875

11/23/81

243,948

371,000

(b) Builders FirstSource Inc

.250

02/01/32

353,612

160,000

(b) Builders FirstSource Inc

.375

06/15/32

164,895

150,000

(b) Builders FirstSource Inc

.375

03/01/34

155,202

140,000

(b) CACI International Inc

.375

06/15/33

145,255

290,000

Celanese US Holdings LLC

.850

11/15/28

304,437

170,000

Celanese US Holdings LLC

.050

11/15/30

179,852

200,000

Celanese US Holdings LLC

.379

07/15/32

208,658

200,000

Celanese US Holdings LLC

.200

11/15/33

211,581

190,000

(b) Century Communities Inc

.875

08/15/29

180,819

110,000

(b) Charles River Laboratories International Inc

.750

03/15/29

106,103

200,000

(b) Charles River Laboratories International Inc

.000

03/15/31

189,550

850,000

(b) Chart Industries Inc

.500

01/01/30

884,395

265,000

(b) Chart Industries Inc

.500

01/01/31

278,994

160,000

(b) Chemours Co/The

.625

11/15/29

149,199

100,000

(a),(b)

Chemours Co/The

.000

01/15/33

100,263

110,000

(b) CHS/Community Health Systems Inc

.875

04/15/29

101,150

100,000

(b) CHS/Community Health Systems Inc

.125

04/01/30

82,296

210,000

(b) Cimpress PLC

.375

09/15/32

215,634

150,000

(b) Cinemark USA Inc

.250

07/15/28

149,852

145,000

(b) Cinemark USA Inc

.000

08/01/32

150,035

100,000

(b) Clarios Global LP / Clarios US Finance Co

.750

02/15/30

104,613

10,000

(b) Clarivate Science Holdings Corp

.875

07/01/28

9,438

360,000

(b) Clarivate Science Holdings Corp

.875

07/01/29

309,443

250,000

(b) Clear Channel Outdoor Holdings Inc

.750

04/15/28

250,078

160,000

(b) Clear Channel Outdoor Holdings Inc

.500

06/01/29

158,323

250,000

(b) Clear Channel Outdoor Holdings Inc

.875

04/01/30

263,217

510,000

(b) Clue Opco LLC

.500

10/15/31

540,695

320,000

(b) Coherent Corp

.000

12/15/29

318,677

510,000

(b) Concentra Health Services Inc

.875

07/15/32

533,973

400,000

(b) Connect Finco SARL / Connect US Finco LLC

.000

09/15/29

424,547

550,000

(b) Cornerstone Building Brands Inc

.500

08/15/29

415,442

220,000

(b) Crown Americas LLC

.875

06/01/33

225,021

200,000

(b) CVR Energy Inc

.500

01/15/29

208,449

200,000

(b) Darling Ingredients Inc

.000

06/15/30

202,663

210,000

(b) DaVita Inc

.875

09/01/32

216,309

200,000

(b) DaVita Inc

.750

07/15/33

205,278

730,000

(b) Diebold Nixdorf Inc

.750

03/31/30

773,124

40,000

(b) Domtar Corp

.750

10/01/28

33,226

70,000

(b) Dycom Industries Inc

.500

04/15/29

68,905

160,000

(a),(b)

Dye & Durham Ltd

.625

04/15/29

143,932

110,000

(b) Edgewell Personal Care Co

.125

04/01/29

105,454

170,000

(b) Elastic NV

.125

07/15/29

163,315

860,000

(b) Entegris Inc

.950

06/15/30

877,536

50,000

(b) EW Scripps Co/The

.875

08/15/30

49,828

150,000

(b) Excelerate Energy LP

.000

05/15/30

160,407

260,000

(b) Fair Isaac Corp

.000

05/15/33

264,923

220,000

(b) Ferrellgas LP / Ferrellgas Finance Corp

.250

01/15/31

227,419

110,000

FMC Corp

.450

11/01/55

88,223

210,000

(b) Forvia SE

.750

09/15/33

215,322

335,000

(b) Gap Inc/The

.625

10/01/29

318,606

250,000

(b) Garrett Motion Holdings Inc / Garrett LX I Sarl

.750

05/31/32

264,676

200,000

(b) Gen Digital Inc

.750

09/30/27

201,671

150,000

(b) Gen Digital Inc

.125

09/30/30

153,738

350,000

Genesis Energy LP / Genesis Energy Finance Corp

.875

04/15/30

368,343

175,000

Genesis Energy LP / Genesis Energy Finance Corp

.875

05/15/32

182,615

200,000

Genesis Energy LP / Genesis Energy Finance Corp

.000

05/15/33

208,732

#### Portfolio of Investments January 31, 2026
(continued)

#### NUHY

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

420,000

(b) GENMAB A/S/GENMAB FIN

.250

%

12/15/32

$

430,516

200,000

(b) Go Daddy Operating Co LLC / GD Finance Co Inc

.500

03/01/29

190,047

120,000

Goodyear Tire & Rubber Co/The

.000

07/15/29

117,520

200,000

Goodyear Tire & Rubber Co/The

.250

07/15/31

190,493

100,000

(a),(b)

Graphic Packaging International LLC

.375

07/15/32

101,120

824,000

(b) Gray Media Inc

.500

07/15/29

885,071

300,000

(b) Gray Media Inc

.375

11/15/31

222,726

200,000

(b) Gray Media Inc

.625

07/15/32

206,190

450,000

(b) Gray Media Inc

.250

08/15/33

460,698

410,000

(b) Grifols SA

.750

10/15/28

403,927

110,000

(b) Group 1 Automotive Inc

.375

01/15/30

112,917

520,000

(b) HealthEquity Inc

.500

10/01/29

506,874

220,000

(b) Herc Holdings Inc

.625

06/15/29

227,676

240,000

(b) Herc Holdings Inc

.000

06/15/30

251,895

310,000

(b) Herc Holdings Inc

.250

06/15/33

328,076

150,000

(b) Hertz Corp/The

.625

07/15/29

150,988

150,000

(b) Hertz Corp/The

.000

12/01/29

98,819

280,000

(b) Hess Midstream Operations LP

.500

06/01/29

289,801

120,000

(b) Hess Midstream Operations LP

.250

02/15/30

117,216

150,000

Hillenbrand Inc

.250

02/15/29

151,450

100,000

(b) Hilton Domestic Operating Co Inc

.875

04/01/29

102,313

300,000

(b) Hilton Domestic Operating Co Inc

.750

05/01/29

292,023

180,000

(b) Hilton Domestic Operating Co Inc

.000

05/01/31

171,819

360,000

(b) Hilton Domestic Operating Co Inc

.625

02/15/32

333,269

550,000

(b) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

.000

06/01/29

534,756

408,000

(b) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

.875

07/01/31

380,546

170,000

(b) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

.625

01/15/32

173,771

200,000

(b) HLF Financing Sarl LLC / Herbalife International Inc

.250

04/15/29

215,030

220,000

(b) HLF Financing Sarl LLC / Herbalife International Inc

.875

06/01/29

208,778

175,000

(b) iHeartCommunications Inc

.125

05/01/29

165,375

175,000

(b) iHeartCommunications Inc

.750

08/15/30

149,826

140,000

(b) Insight Enterprises Inc

.625

05/15/32

143,317

510,000

(b) IQVIA Inc

.500

05/15/30

528,296

110,000

(b) Iron Mountain Inc

.000

02/15/29

113,029

200,000

(b) Iron Mountain Inc

.250

01/15/33

202,098

290,000

(b) Iron Mountain Information Management Services Inc

.000

07/15/32

277,352

410,000

(b) Jazz Securities DAC

.375

01/15/29

403,406

1,250,000

(b) JetBlue Airways Corp / JetBlue Loyalty LP

.875

09/20/31

1,255,459

390,000

(b) Kinetik Holdings LP

.875

06/15/30

394,655

300,000

(b) Kodiak Gas Services LLC

.250

02/15/29

311,164

100,000

(b) Kodiak Gas Services LLC

.500

10/01/33

102,428

370,000

(b) Kodiak Gas Services LLC

.750

10/01/35

382,312

210,000

(b) Lamb Weston Holdings Inc

.125

01/31/30

202,733

100,000

(b) Lamb Weston Holdings Inc

.375

01/31/32

95,272

1,200,000

(b) Level 3 Financing Inc

.875

06/30/33

1,236,589

1,050,000

(b) Level 3 Financing Inc

.000

03/31/34

1,087,595

300,000

(b) Life Time Inc

.000

11/15/31

307,587

860,000

(b) LifePoint Health Inc

.875

08/15/30

922,638

550,000

(b) LifePoint Health Inc

.000

10/15/30

599,817

450,000

(b) LifePoint Health Inc

.375

02/15/32

488,965

60,000

(b) Lithia Motors Inc

.875

06/01/29

58,043

190,000

(a),(b)

Magnera Corp

.750

11/15/29

171,690

380,000

(b) Marriott Ownership Resorts Inc

.500

06/15/29

362,519

240,000

(b) Marriott Ownership Resorts Inc

.500

10/01/33

228,358

400,000

(b) Masterbrand Inc

.000

07/15/32

414,810

150,000

(b) Match Group Holdings II LLC

.625

10/01/31

135,834

270,000

(b) Match Group Holdings II LLC

.125

09/15/33

271,003

745,000

(b) McAfee Corp

.375

02/15/30

592,721

100,000

(b) Methanex US Operations Inc

.250

03/15/32

103,122

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

130,000

(b) Michaels Cos Inc/The

.250

%

05/01/28

$

128,582

50,000

(b) Mobius Merger Sub Inc

.000

06/01/30

29,509

510,000

(b) NCL Corp Ltd

.750

02/15/29

545,032

600,000

(b) NCL Corp Ltd

.875

01/15/31

601,642

860,000

(b) NCL Corp Ltd

.750

02/01/32

881,333

850,000

(b) NCL Corp Ltd

.250

09/15/33

854,696

400,000

(b) NCL Finance Ltd

.125

03/15/28

411,164

380,000

(b) NCR Atleos Corp

.500

04/01/29

407,252

220,000

(b) NESCO Holdings II Inc

.500

04/15/29

216,788

350,000

(b) New Flyer Holdings Inc

.250

07/01/30

377,082

200,000

Newell Brands Inc

.375

09/15/27

201,688

310,000

Newell Brands Inc

.625

09/15/29

310,329

10,000

(b) Open Text Corp

.875

12/01/29

9,282

300,000

(b) Open Text Holdings Inc

.125

12/01/31

269,511

120,000

(b) Option Care Health Inc

.375

10/31/29

117,434

720,000

(b) Organon & Co / Organon Foreign Debt Co-Issuer BV

.125

04/30/28

706,190

510,000

(b) Organon & Co / Organon Foreign Debt Co-Issuer BV

.125

04/30/31

463,158

620,000

(b) Organon & Co / Organon Foreign Debt Co-Issuer BV

.750

05/15/34

605,852

100,000

(a),(b)

Owens & Minor Inc

.625

04/01/30

56,248

530,000

(a),(b)

Owens-Brockway Glass Container Inc

.250

05/15/31

539,404

375,000

Paramount Global

.375

03/30/62

352,650

130,000

(b) Patrick Industries Inc

.375

11/01/32

133,052

200,000

(b) PBF Holding Co LLC / PBF Finance Corp

.875

03/15/30

212,094

290,000

(b) PBF Holding Co LLC / PBF Finance Corp

.875

09/15/30

290,392

1,305,000

(b) Performance Food Group Inc

.250

08/01/29

1,277,794

400,000

(b) Performance Food Group Inc

.125

09/15/32

410,823

420,000

Perrigo Finance Unlimited Co

.150

06/15/30

407,384

200,000

(b) Phinia Inc

.750

04/15/29

206,746

590,000

(b) Post Holdings Inc

.500

09/15/31

558,945

815,000

(b) Post Holdings Inc

.250

02/15/32

836,846

190,000

(b) Post Holdings Inc

.375

03/01/33

191,457

190,000

(b) Post Holdings Inc

.250

10/15/34

191,360

150,000

(b) Prestige Brands Inc

.750

04/01/31

140,209

300,000

(b) Primo Water Holdings Inc / Triton Water Holdings Inc

.250

04/01/29

300,250

520,000

(b) Primo Water Holdings Inc / Triton Water Holdings Inc

.375

04/30/29

508,377

300,000

(b) QXO Building Products Inc

.750

04/30/32

309,144

300,000

(b) Rakuten Group Inc

.750

04/15/29

336,106

200,000

(b),(c)

Rakuten Group Inc

.125

N/A

206,997

355,000

(b),(c)

Rakuten Group Inc

.250

N/A

343,229

100,000

(b) RB Global Holdings Inc

.750

03/15/28

101,858

110,000

(b) RB Global Holdings Inc

.750

03/15/31

114,663

110,000

(b) Resideo Funding Inc

.500

07/15/32

111,734

160,000

(b) Reworld Holding Corp

.875

12/01/29

154,892

100,000

Rogers Communications Inc

.000

04/15/55

103,727

350,000

Rogers Communications Inc

.125

04/15/55

367,027

380,000

(b) RR Donnelley & Sons Co

.500

08/01/29

395,465

159,000

(b) Sabre GLBL Inc

.750

11/15/29

129,773

201,000

(b) Sabre GLBL Inc

.750

03/15/30

161,303

200,000

(b) Sabre GLBL Inc

.125

07/15/30

161,750

270,000

SBA Communications Corp

.125

02/01/29

257,880

50,000

(b) Scientific Games Holdings LP/Scientific Games US FinCo Inc

.625

03/01/30

45,626

188,000

(b) Seagate Data Storage Technology Pte Ltd

.625

12/01/32

212,292

120,000

(b) Sealed Air Corp/Sealed Air Corp US

.125

02/01/28

121,791

270,000

(b) SeaWorld Parks & Entertainment Inc

.250

08/15/29

263,957

420,000

(b) Select Medical Corp

.250

12/01/32

407,603

220,000

(b) Sensata Technologies BV

.000

04/15/29

215,386

200,000

(b) Sensata Technologies BV

.875

09/01/30

202,973

500,000

Service Corp International/US

.000

05/15/31

475,810

430,000

(b) Sinclair Television Group Inc

.125

02/15/33

444,801

700,000

(b) Sirius XM Radio LLC

.000

07/15/28

683,774

540,000

(a),(b)

Sirius XM Radio LLC

.875

09/01/31

493,211

250,000

(b) SIX FLAGS ENTERTAINMENT

.625

05/01/32

255,461

#### Portfolio of Investments January 31, 2026
(continued)

#### NUHY

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

260,000

(a) Six Flags Entertainment Corp

.250

%

05/15/31

$

256,586

550,000

(b) Snap Inc

.875

03/01/33

564,385

200,000

(b) Snap Inc

.875

03/15/34

204,225

760,000

(b) Somnigroup International Inc

.000

04/15/29

737,322

610,000

(b) Somnigroup International Inc

.875

10/15/31

569,220

100,000

(b) Sonic Automotive Inc

.625

11/15/29

98,273

200,000

(b) Sonic Automotive Inc

.875

11/15/31

192,842

580,000

(b) Sotera Health Holdings LLC

.375

06/01/31

610,285

170,000

(b) SPX FLOW Inc

.750

04/01/30

174,666

310,000

(b) Stagwell Global LLC

.625

08/15/29

300,596

230,000

(b) Stena International SA

.250

01/15/31

236,307

220,000

(b) Suburban Propane Partners LP/Suburban Energy Finance Corp

.000

06/01/31

211,296

260,000

(b) Summit Midstream Holdings LLC

.625

10/31/29

271,638

150,000

(b) Sunoco LP

.000

05/01/29

155,975

200,000

(b) Sunoco LP

.625

05/01/30

195,016

680,000

(b) Sunoco LP

.250

05/01/32

719,183

230,000

(b) Sunrise FinCo I BV

.875

07/15/31

220,299

110,000

(b) Superior Plus LP / Superior General Partner Inc

.500

03/15/29

107,478

260,000

(b) Surgery Center Holdings Inc

.250

04/15/32

261,771

100,000

TELUS Corp

.625

10/15/55

102,273

110,000

TELUS Corp

.000

10/15/55

115,042

600,000

(b) Tenneco Inc

.000

11/17/28

603,571

240,000

(b) Terex Corp

.000

05/15/29

239,241

200,000

(b) TGS ASA

.500

01/15/30

210,373

310,000

(b) Thor Industries Inc

.000

10/15/29

297,966

220,000

(b) TopBuild Corp

.125

02/15/32

209,114

31,000

(b) TransDigm Inc

.625

03/01/32

32,053

250,000

(b) Travel + Leisure Co

.500

12/01/29

243,704

100,000

(b) Trinity Industries Inc

.750

07/15/28

103,221

160,000

(a),(b)

Tronox Inc

.625

03/15/29

122,981

480,000

(b) TTM Technologies Inc

.000

03/01/29

466,261

10,000

Twilio Inc

.625

03/15/29

9,576

210,000

Twilio Inc

.875

03/15/31

198,450

220,000

(a),(b)

Unisys Corp

.625

01/15/31

208,355

490,000

(b) United Rentals North America Inc

.125

03/15/34

509,132

250,000

(b) Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC

.000

01/15/30

238,106

160,000

(b) Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC

.750

04/15/28

159,652

150,000

(b) Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC

.500

02/15/29

145,888

44,000

(b) Univision Communications Inc

.500

05/01/29

42,027

258,000

(b) US Foods Inc

.750

02/15/29

256,967

290,000

(b) US Foods Inc

.625

06/01/30

285,661

100,000

(b) Vail Resorts Inc

.625

07/15/30

101,563

100,000

(b) Vail Resorts Inc

.500

05/15/32

103,635

150,000

Veritiv Operating Co

.500

11/30/30

160,612

130,000

(b) Vertiv Group Corp

.125

11/15/28

128,018

100,000

(b) Viasat Inc

.500

05/30/31

97,110

78,000

(b) Victoria's Secret & Co

.625

07/15/29

76,272

325,000

Vodafone Group PLC

.125

06/04/81

305,830

640,000

(b) VZ Secured Financing BV

.000

01/15/32

577,893

800,000

(b) Wayfair LLC

.250

10/31/29

836,470

750,000

(b) Wayfair LLC

.750

09/15/30

797,340

250,000

(b) Wayfair LLC

.750

11/15/32

258,393

91,000

(b) Weatherford International Ltd

.625

04/30/30

93,139

150,000

(b) WESCO Distribution Inc

.375

03/15/29

154,653

150,000

(b) WESCO Distribution Inc

.625

03/15/32

156,734

175,000

(b) WESCO Distribution Inc

.375

03/15/33

182,222

130,000

(b) WEX Inc

.500

03/15/33

132,686

100,000

Whirlpool Corp

.125

06/15/30

100,261

120,000

Whirlpool Corp

.500

06/15/33

118,415

130,000

(b) Williams Scotsman Inc

.375

10/01/31

135,537

1,450,000

(b) Windstream Services LLC / Windstream Escrow Finance Corp

.250

10/01/31

1,518,911

200,000

(b) Wolverine World Wide Inc

.000

08/15/29

186,622

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

180,000

(b) XPO Inc

.125

%

02/01/32

$

189,225

700,000

Yum! Brands Inc

.625

01/31/32

684,439

610,000

Yum! Brands Inc

.375

04/01/32

617,833

100,000

(b) Zebra Technologies Corp

.500

06/01/32

103,004

230,000

(b) ZipRecruiter Inc

.000

01/15/30

159,590

560,000

(b) ZoomInfo Technologies LLC/ZoomInfo Finance Corp

.875

02/01/29

511,869

TOTAL INDUSTRIAL

92,265,774

UTILITY - 4.2%

260,000

AES Corp/The

.600

01/15/55

263,623

110,000

Algonquin Power & Utilities Corp

.750

01/18/82

109,201

100,000

(b) AltaGas Ltd

.200

10/15/54

104,004

210,000

(b) Clearway Energy Operating LLC

.750

02/15/31

196,676

200,000

(b) ContourGlobal Power Holdings SA

.750

02/28/30

206,256

100,000

Edison International

.125

06/15/53

103,488

150,000

EUSHI Finance Inc

.250

04/01/56

150,631

150,000

(b) Gates Corp/DE

.875

07/01/29

155,930

190,000

(b) LONG RIDGE ENERGY LLC

.750

02/15/32

201,844

160,000

(b) NRG Energy Inc

.750

07/15/29

159,397

240,000

PacifiCorp

.375

09/15/55

246,481

710,000

(b) XPLR Infrastructure Operating Partners LP

.250

01/15/29

732,638

740,000

(b) XPLR Infrastructure Operating Partners LP

.375

01/15/31

777,310

890,000

(b) XPLR Infrastructure Operating Partners LP

.625

03/15/33

933,716

500,000

(b) XPLR Infrastructure Operating Partners LP

.750

04/15/34

509,673

TOTAL UTILITY

4,850,868

TOTAL CORPORATE DEBT

(Cost $112,434,958)

113,659,026

TOTAL LONG-TERM INVESTMENTS

(Cost $112,434,958)

113,659,026

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 1.5%

1,754,200

(d) State Street Navigator Securities Lending Government Money

Market Portfolio

3.710 (e)

$

1,754,200

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $1,754,200)

1,754,200

TOTAL INVESTMENTS - 99.5%

(Cost $114,189,158)

115,413,226

OTHER ASSETS & LIABILITIES, NET - 0.5%

546,359

NET ASSETS - 100%

$

115,959,585

REIT

Real Estate Investment Trust

(a) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the reporting period was $1,682,319.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $98,435,318 or 85.3% of Total Investments.

(c) Perpetual security. Maturity date is not applicable.

(d) The Fund may loan securities representing up to one third of the value of its total assets (which includes collateral for securities on

loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a value, at the inception of

each loan, equal to not less than 100% of the value of the loaned securities. The cash collateral received by the Fund is invested in

this money market fund.

(e) The rate shown is the one-day yield as of the end of the reporting period.

#### Portfolio of Investments January 31, 2026

#### NUBD
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.7%

CORPORATE DEBT - 24.6%

FINANCIALS - 8.4%

$

10,000

Aegon Ltd

.500

%

04/11/48

$

10,119

100,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.450

10/29/26

98,876

30,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.650

07/21/27

29,822

20,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.875

01/23/28

19,923

10,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.100

01/19/29

10,234

10,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.150

09/30/30

10,658

190,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.300

01/30/32

175,788

150,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.750

01/15/33

148,547

10,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.400

10/29/33

9,004

10,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.300

01/19/34

10,177

20,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.950

03/10/55

20,937

50,000

Affiliated Managers Group Inc

.500

02/15/36

50,027

40,000

Aflac Inc

.600

04/01/30

39,314

10,000

Air Lease Corp

.300

02/01/28

10,201

10,000

Air Lease Corp

.625

10/01/28

10,072

80,000

Air Lease Corp

.125

12/01/30

74,702

50,000

Air Lease Corp

.200

07/15/31

50,946

30,000

Air Lease Corp

.875

01/15/32

26,995

15,000

Alexandria Real Estate Equities Inc

.950

01/15/28

14,965

88,000

Alexandria Real Estate Equities Inc

.750

12/15/29

83,025

100,000

Allstate Corp/The

.850

08/10/49

75,947

50,000

Ally Financial Inc

.737

05/15/29

51,341

30,000

Ally Financial Inc

.000

11/01/31

33,952

92,000

Ally Financial Inc

.000

11/01/31

104,319

50,000

Ally Financial Inc

.548

07/31/33

50,321

40,000

American Assets Trust LP

.375

02/01/31

36,485

90,000

American Express Co

.650

11/04/26

88,621

50,000

American Express Co

.085

01/30/31

51,369

50,000

American Express Co

.918

07/20/33

50,652

180,000

American Express Co

.625

07/28/34

187,424

150,000

American Express Co

.284

07/26/35

153,567

50,000

American Express Co

.804

10/24/36

49,014

50,000

American Homes 4 Rent LP

.500

07/15/34

51,131

70,000

American International Group Inc

.400

06/30/30

67,727

30,000

American International Group Inc

.125

03/27/33

30,720

20,000

American International Group Inc

.375

06/30/50

16,694

50,000

American Tower Corp

.700

12/15/32

50,045

4,000

Ameriprise Financial Inc

.875

09/15/26

3,975

30,000

Ameriprise Financial Inc

.700

12/15/28

31,409

20,000

Ameriprise Financial Inc

.500

05/13/32

20,156

20,000

Ameriprise Financial Inc

.200

04/15/35

20,352

10,000

Aon Corp / Aon Global Holdings PLC

.850

05/28/27

9,869

120,000

Aon Corp / Aon Global Holdings PLC

.350

02/28/33

124,557

20,000

Aon Corp / Aon Global Holdings PLC

.900

08/23/51

12,500

20,000

Aon Global Ltd

.600

06/14/44

17,563

60,000

Aon North America Inc

.450

03/01/34

62,319

30,000

Apollo Global Management Inc

.375

11/15/33

32,827

50,000

Apollo Global Management Inc

.150

08/12/35

49,794

20,000

(a) Apollo Global Management Inc

.000

12/15/54

19,997

20,000

Arthur J Gallagher & Co

.400

11/09/31

17,858

50,000

Arthur J Gallagher & Co

.500

05/20/51

34,595

90,000

Arthur J Gallagher & Co

.050

03/09/52

56,592

60,000

Arthur J Gallagher & Co

.550

02/15/55

57,391

62,000

Assurant Inc

.650

01/15/32

55,070

18,000

Assured Guaranty US Holdings Inc

.150

06/15/31

16,935

10,000

AvalonBay Communities Inc

.300

06/01/29

9,760

50,000

AvalonBay Communities Inc

.350

12/01/30

50,035

100,000

AvalonBay Communities Inc

.300

12/07/33

103,860

40,000

AXIS Specialty Finance LLC

.900

07/15/29

39,558

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

20,000

AXIS Specialty Finance LLC

.900

%

01/15/40

$

19,303

170,000

Banco Santander SA

.175

03/24/28

170,067

150,000

Banco Santander SA

.490

05/28/30

144,723

40,000

Banco Santander SA

.921

08/08/33

44,103

200,000

Banco Santander SA

.127

11/06/35

199,664

50,000

Bank of America Corp

.250

10/22/26

50,117

40,000

Bank of America Corp

.734

07/22/27

39,581

40,000

Bank of America Corp

.933

09/15/27

40,473

50,000

Bank of America Corp

.979

01/24/29

50,923

130,000

Bank of America Corp

.087

06/14/29

124,252

150,000

Bank of America Corp

.271

07/23/29

150,712

740,000

Bank of America Corp

.974

02/07/30

736,475

200,000

Bank of America Corp

.592

04/29/31

186,540

250,000

Bank of America Corp

.651

03/11/32

229,509

120,000

Bank of America Corp

.299

07/21/32

107,234

121,000

Bank of America Corp

.972

02/04/33

110,663

310,000

Bank of America Corp

.872

09/15/34

329,271

50,000

Bank of America Corp

.464

05/09/36

51,724

50,000

Bank of America Corp

.078

04/23/40

44,279

272,000

Bank of America Corp

.311

04/22/42

212,924

20,000

Bank of America Corp

.831

10/24/51

12,686

250,000

Bank of America Corp

.972

07/21/52

163,379

40,000

Bank of Montreal

.650

03/08/27

39,503

50,000

Bank of Montreal

.717

09/25/28

52,102

50,000

Bank of Montreal

.004

01/27/29

50,933

50,000

Bank of Montreal

.640

09/10/30

50,681

50,000

Bank of Montreal

.350

09/22/31

49,920

58,000

Bank of Montreal

.803

12/15/32

57,419

100,000

Bank of New York Mellon Corp/The

.050

01/26/27

98,414

50,000

Bank of New York Mellon Corp/The

.442

02/07/28

49,798

50,000

Bank of New York Mellon Corp/The

.992

06/13/28

50,054

50,000

Bank of New York Mellon Corp/The

.026

01/22/30

49,954

50,000

Bank of New York Mellon Corp/The

.942

02/11/31

51,382

140,000

Bank of New York Mellon Corp/The

.188

03/14/35

144,032

50,000

Bank of New York Mellon Corp/The

.606

07/21/39

52,078

100,000

Bank of Nova Scotia/The

.400

06/04/27

101,990

50,000

Bank of Nova Scotia/The

.130

02/14/31

51,454

50,000

Bank of Nova Scotia/The

.338

09/15/31

49,824

50,000

Bank of Nova Scotia/The

.740

11/10/32

50,455

10,000

Bank of Nova Scotia/The

.650

02/01/34

10,563

200,000

(b) Bank of Nova Scotia/The

.813

02/02/34

200,215

60,000

Barclays PLC

.836

05/09/28

60,470

30,000

Barclays PLC

.501

08/09/28

30,631

200,000

Barclays PLC

.367

02/25/31

206,493

40,000

Barclays PLC

.894

11/24/32

36,346

200,000

Barclays PLC

.692

09/13/34

220,937

210,000

Barclays PLC

.335

09/10/35

212,728

60,000

BlackRock Funding Inc

.350

01/08/55

57,887

50,000

Blackrock Inc

.250

04/30/29

49,010

20,000

Blackrock Inc

.400

04/30/30

18,722

30,000

Blackrock Inc

.900

01/28/31

26,979

50,000

Blackrock Inc

.750

05/25/33

51,025

132,000

Boston Properties LP

.900

03/15/30

123,955

30,000

Boston Properties LP

.500

01/15/34

32,191

20,000

Brixmor Operating Partnership LP

.125

06/15/26

20,002

10,000

Brixmor Operating Partnership LP

.900

03/15/27

9,985

50,000

Brixmor Operating Partnership LP

.200

04/01/32

51,188

50,000

Brixmor Operating Partnership LP

.850

02/15/33

49,889

50,000

Brookfield Asset Management Ltd

.298

01/15/36

49,929

80,000

Brookfield Finance I UK Plc / Brookfield Finance Inc

.340

01/30/32

70,144

20,000

Brookfield Finance Inc

.900

01/25/28

19,970

60,000

Brookfield Finance Inc

.350

01/05/34

64,907

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

50,000

Brookfield Finance Inc

.330

%

01/15/36

$

50,112

10,000

Brookfield Finance Inc

.968

03/04/54

10,144

20,000

Brown & Brown Inc

.375

03/15/31

17,977

60,000

Brown & Brown Inc

.650

06/11/34

61,793

50,000

Brown & Brown Inc

.550

06/23/35

51,157

50,000

Canadian Imperial Bank of Commerce

.260

04/08/29

51,731

50,000

Canadian Imperial Bank of Commerce

.283

01/29/30

50,128

50,000

Canadian Imperial Bank of Commerce

.580

09/08/31

50,351

130,000

Canadian Imperial Bank of Commerce

.092

10/03/33

140,815

20,000

Capital One Financial Corp

.800

01/31/28

19,903

30,000

Capital One Financial Corp

.468

02/01/29

30,748

100,000

Capital One Financial Corp

.312

06/08/29

104,675

130,000

Capital One Financial Corp

.624

10/30/31

145,928

100,000

Capital One Financial Corp

.700

11/29/32

110,356

100,000

Capital One Financial Corp

.051

02/01/35

105,031

10,000

Cboe Global Markets Inc

.650

01/12/27

9,990

20,000

Cboe Global Markets Inc

.000

03/16/32

18,560

250,000

Centene Corp

.375

02/15/30

230,633

10,000

Charles Schwab Corp/The

.200

03/02/27

9,932

110,000

Charles Schwab Corp/The

.000

03/20/28

106,002

30,000

Charles Schwab Corp/The

.000

02/01/29

30,158

110,000

Charles Schwab Corp/The

.643

05/19/29

114,159

10,000

Charles Schwab Corp/The

.250

05/22/29

9,770

20,000

Charles Schwab Corp/The

.853

05/19/34

21,348

10,000

Charles Schwab Corp/The

.136

08/24/34

10,859

50,000

Charles Schwab Corp/The

.914

11/14/36

49,557

15,000

Chubb INA Holdings LLC

.375

09/15/30

13,241

50,000

Chubb INA Holdings LLC

.900

08/15/35

50,043

139,000

Chubb INA Holdings LLC

.000

05/11/37

150,767

10,000

Chubb INA Holdings LLC

.350

11/03/45

8,676

90,000

Citibank NA

.576

05/29/27

90,833

898,000

Citigroup Inc

.980

03/20/30

891,328

50,000

Citigroup Inc

.542

09/19/30

50,414

60,000

Citigroup Inc

.666

01/29/31

56,211

190,000

Citigroup Inc

.561

05/01/32

172,349

280,000

Citigroup Inc

.520

11/03/32

250,722

20,000

Citigroup Inc

.057

01/25/33

18,313

100,000

Citigroup Inc

.174

05/25/34

105,878

50,000

Citigroup Inc

.827

02/13/35

51,697

20,000

Citigroup Inc

.449

06/11/35

20,615

50,000

Citigroup Inc

.020

01/24/36

52,125

50,000

Citigroup Inc

.333

03/27/36

50,963

50,000

Citigroup Inc

.174

09/11/36

50,213

50,000

Citigroup Inc

.411

09/19/39

49,982

100,000

Citigroup Inc

.612

03/04/56

99,277

32,000

Citizens Financial Group Inc

.850

07/27/26

31,812

110,000

Citizens Financial Group Inc

.638

09/30/32

95,900

100,000

Citizens Financial Group Inc

.299

01/29/36

100,475

90,000

CME Group Inc

.300

09/15/43

90,108

60,000

CNO Financial Group Inc

.450

06/15/34

63,415

10,000

Comerica Inc

.000

02/01/29

9,942

60,000

Comerica Inc

.982

01/30/30

62,719

100,000

Cooperatieve Rabobank UA

.750

07/21/26

99,853

60,000

Cooperatieve Rabobank UA

.750

12/01/43

60,265

50,000

COPT Defense Properties LP

.000

01/15/29

46,999

30,000

Cousins Properties LP

.375

02/15/32

30,961

20,000

Cousins Properties LP

.875

10/01/34

20,871

10,000

Credit Suisse USA LLC

.125

07/15/32

11,393

45,000

CubeSmart LP

.000

02/15/30

42,643

120,000

Deutsche Bank AG/New York NY

.552

01/07/28

118,311

160,000

Deutsche Bank AG/New York NY

.819

11/20/29

170,656

150,000

Deutsche Bank AG/New York NY

.950

08/04/31

151,753

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

50,000

Deutsche Bank AG/New York NY

.742

%

01/07/33

$

46,544

70,000

Digital Realty Trust LP

.550

01/15/28

71,985

30,000

Eaton Vance Corp

.500

04/06/27

29,884

30,000

Elevance Health Inc

.650

12/01/27

29,862

50,000

Elevance Health Inc

.000

09/15/28

49,973

30,000

Elevance Health Inc

.250

05/15/30

27,559

50,000

Elevance Health Inc

.500

10/15/32

52,370

50,000

Elevance Health Inc

.200

02/15/35

50,741

80,000

Elevance Health Inc

.375

06/15/37

87,121

110,000

Elevance Health Inc

.650

01/15/43

97,949

10,000

Elevance Health Inc

.550

03/01/48

8,472

30,000

Elevance Health Inc

.125

05/15/50

19,558

110,000

Elevance Health Inc

.550

05/15/52

90,512

5,000

Enstar Finance LLC

.500

01/15/42

4,967

7,000

Equitable Holdings Inc

.350

04/20/28

7,039

36,000

Equitable Holdings Inc

.000

04/20/48

32,381

20,000

ERP Operating LP

.000

07/01/29

19,320

40,000

ERP Operating LP

.500

02/15/30

37,593

50,000

ERP Operating LP

.650

09/15/34

49,377

20,000

Essential Properties LP

.950

07/15/31

18,305

60,000

Everest Reinsurance Holdings Inc

.500

10/15/50

41,780

100,000

Fairfax Financial Holdings Ltd

.750

05/20/35

104,139

60,000

Federal Realty OP LP

.500

06/01/30

57,910

32,000

Fifth Third Bancorp

.707

11/01/27

31,455

20,000

Fifth Third Bancorp

.055

04/25/28

19,989

100,000

Fifth Third Bancorp

.339

07/27/29

105,133

50,000

Fifth Third Bancorp

.631

01/29/32

52,386

40,000

First American Financial Corp

.400

08/15/31

35,029

40,000

Franklin Resources Inc

.600

10/30/30

35,501

50,000

GATX Corp

.700

04/01/29

50,597

10,000

GATX Corp

.000

06/30/30

9,811

10,000

GATX Corp

.900

06/01/31

8,769

30,000

GATX Corp

.500

06/01/32

28,028

20,000

GATX Corp

.450

09/15/33

20,633

30,000

GATX Corp

.050

03/15/34

31,962

20,000

GATX Corp

.200

03/15/44

18,780

30,000

Globe Life Inc

.800

06/15/32

30,201

10,000

Goldman Sachs Group Inc/The

.387

06/15/27

10,012

420,000

Goldman Sachs Group Inc/The

.800

03/15/30

413,640

50,000

Goldman Sachs Group Inc/The

.727

04/25/30

52,205

100,000

Goldman Sachs Group Inc/The

.218

04/23/31

103,005

652,000

Goldman Sachs Group Inc/The

.383

07/21/32

583,056

200,000

Goldman Sachs Group Inc/The

.650

10/21/32

180,736

140,000

Goldman Sachs Group Inc/The

.561

10/24/34

155,023

50,000

Goldman Sachs Group Inc/The

.330

07/23/35

51,091

90,000

Goldman Sachs Group Inc/The

.016

10/23/35

90,072

50,000

Goldman Sachs Group Inc/The

.536

01/28/36

51,688

100,000

Goldman Sachs Group Inc/The

.939

10/21/36

98,606

100,000

Goldman Sachs Group Inc/The

.065

01/21/37

99,571

15,000

Goldman Sachs Group Inc/The

.750

10/01/37

16,652

100,000

Goldman Sachs Group Inc/The

.387

02/02/41

99,068

80,000

Goldman Sachs Group Inc/The

.561

11/19/45

79,572

50,000

Goldman Sachs Group Inc/The

.541

01/21/47

49,253

40,000

HA Sustainable Infrastructure Capital Inc

.375

07/01/34

40,848

100,000

Hartford Insurance Group Inc/The

.900

09/15/51

63,648

50,000

Healthpeak OP LLC

.125

12/01/28

47,374

70,000

Healthpeak OP LLC

.500

07/15/29

68,242

10,000

Healthpeak OP LLC

.250

12/15/32

10,254

40,000

Highwoods Realty LP

.050

02/15/30

37,374

10,000

Host Hotels & Resorts LP

.375

12/15/29

9,626

50,000

Host Hotels & Resorts LP

.700

06/15/32

52,199

110,000

HSBC Holdings PLC

.013

09/22/28

106,419

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

270,000

HSBC Holdings PLC

.206

%

08/17/29

$

257,271

5,000

HSBC Holdings PLC

.848

06/04/31

4,682

250,000

HSBC Holdings PLC

.804

05/24/32

228,820

100,000

HSBC Holdings PLC

.871

11/22/32

90,852

250,000

HSBC Holdings PLC

.547

06/20/34

269,901

200,000

HSBC Holdings PLC

.450

03/03/36

205,411

200,000

HSBC Holdings PLC

.741

09/10/36

205,431

200,000

HSBC Holdings PLC

.133

11/06/36

199,754

10,000

HSBC Holdings PLC

.500

09/15/37

10,832

10,000

Humana Inc

.350

02/03/27

9,738

10,000

Humana Inc

.750

12/01/28

10,361

40,000

Humana Inc

.875

04/01/30

40,311

10,000

Humana Inc

.375

04/15/31

10,243

120,000

Humana Inc

.150

02/03/32

103,663

20,000

Humana Inc

.950

10/01/44

17,230

10,000

Humana Inc

.500

03/15/53

8,892

15,000

Humana Inc

.750

04/15/54

13,823

130,000

Huntington Bancshares Inc/OH

.709

02/02/35

135,280

40,000

Huntington Bancshares Inc/OH

.487

08/15/36

34,847

100,000

ING Groep NV

.950

03/29/27

100,062

80,000

ING Groep NV

.050

04/09/29

79,827

60,000

ING Groep NV

.114

09/11/34

64,745

40,000

ING Groep NV

.550

03/19/35

41,517

64,000

Intercontinental Exchange Inc

.750

09/21/28

63,686

10,000

Intercontinental Exchange Inc

.350

06/15/29

10,098

50,000

Intercontinental Exchange Inc

.250

06/15/31

52,204

20,000

Intercontinental Exchange Inc

.850

09/15/32

17,055

32,000

Intercontinental Exchange Inc

.600

03/15/33

32,174

100,000

Intercontinental Exchange Inc

.250

09/21/48

83,288

20,000

Intercontinental Exchange Inc

.950

06/15/52

18,211

60,000

Invitation Homes Operating Partnership LP

.450

08/15/30

62,172

30,000

Jackson Financial Inc

.125

11/23/31

27,302

33,000

Jefferies Financial Group Inc

.875

07/21/28

34,285

100,000

Jefferies Financial Group Inc

.500

02/15/36

98,712

80,000

JPMorgan Chase & Co

.947

02/24/28

79,145

60,000

JPMorgan Chase & Co

.979

07/22/28

60,863

30,000

JPMorgan Chase & Co

.509

01/23/29

29,711

50,000

JPMorgan Chase & Co

.915

01/24/29

50,903

240,000

JPMorgan Chase & Co

.005

04/23/29

239,852

60,000

JPMorgan Chase & Co

.581

04/22/30

62,513

570,000

JPMorgan Chase & Co

.702

05/06/30

561,972

260,000

JPMorgan Chase & Co

.739

10/15/30

247,104

50,000

JPMorgan Chase & Co

.603

10/22/30

50,718

648,000

JPMorgan Chase & Co

.493

03/24/31

652,878

50,000

JPMorgan Chase & Co

.347

01/22/32

49,868

180,000

JPMorgan Chase & Co

.545

11/08/32

162,180

50,000

JPMorgan Chase & Co

.946

10/22/35

50,211

50,000

JPMorgan Chase & Co

.898

01/22/37

49,620

130,000

JPMorgan Chase & Co

.109

04/22/41

101,386

270,000

JPMorgan Chase & Co

.157

04/22/42

207,811

450,000

JPMorgan Chase & Co

.328

04/22/52

317,657

20,000

KeyBank NA/Cleveland OH

.950

02/01/28

21,019

30,000

KeyBank NA/Cleveland OH

.900

04/13/29

29,518

60,000

KeyCorp

.250

04/06/27

58,778

70,000

KeyCorp

.401

03/06/35

75,847

20,000

Kilroy Realty LP

.750

12/15/28

20,101

30,000

Kilroy Realty LP

.500

11/15/32

25,070

20,000

Kimco Realty OP LLC

.800

04/01/27

19,984

100,000

Kimco Realty OP LLC

.250

12/01/31

88,728

175,000

Kreditanstalt fuer Wiederaufbau

.750

03/14/31

174,379

5,000

Lazard Group LLC

.500

09/19/28

5,035

50,000

Lazard Group LLC

.625

08/01/35

51,230

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

10,000

Legg Mason Inc

.625

%

01/15/44

$

9,955

25,000

Lincoln National Corp

.050

01/15/30

23,813

30,000

Lincoln National Corp

.400

03/01/32

27,753

20,000

Lloyds Banking Group PLC

.818

06/13/29

20,325

200,000

Lloyds Banking Group PLC

.721

06/05/30

209,305

60,000

Lloyds Banking Group PLC

.679

01/05/35

62,886

200,000

Lloyds Banking Group PLC

.943

11/04/36

196,970

75,000

Lloyds Banking Group PLC

.344

01/09/48

62,445

20,000

LPL Holdings Inc

.750

11/17/28

21,274

60,000

LPL Holdings Inc

.150

06/15/30

61,195

5,000

LXP Industrial Trust

.750

11/15/28

5,288

30,000

M&T Bank Corp

.413

10/30/29

32,519

60,000

M&T Bank Corp

.082

03/13/32

63,730

50,000

M&T Bank Corp

.385

01/16/36

50,701

50,000

Manulife Financial Corp

.375

03/04/46

49,408

19,000

Markel Group Inc

.000

04/05/46

17,205

20,000

Marsh & McLennan Cos Inc

.375

03/15/29

20,197

120,000

Marsh & McLennan Cos Inc

.250

11/15/30

109,520

20,000

Marsh & McLennan Cos Inc

.150

03/15/34

20,585

20,000

Marsh & McLennan Cos Inc

.750

03/15/39

19,134

40,000

Marsh & McLennan Cos Inc

.350

01/30/47

33,852

70,000

Marsh & McLennan Cos Inc

.200

03/01/48

57,315

60,000

Marsh & McLennan Cos Inc

.450

03/15/54

58,164

20,000

MetLife Inc

.750

08/01/39

26,663

10,000

MetLife Inc

.875

02/06/41

10,457

220,000

MetLife Inc

.875

11/13/43

204,697

40,000

MetLife Inc

.000

07/15/52

36,523

200,000

Mitsubishi UFJ Financial Group Inc

.757

09/13/26

198,729

150,000

Mitsubishi UFJ Financial Group Inc

.538

07/20/27

148,258

64,000

Mitsubishi UFJ Financial Group Inc

.961

03/02/28

64,081

10,000

Mitsubishi UFJ Financial Group Inc

.080

04/19/28

10,011

10,000

Mitsubishi UFJ Financial Group Inc

.258

04/17/30

10,311

200,000

Mitsubishi UFJ Financial Group Inc

.441

02/22/34

208,383

5,000

Mitsubishi UFJ Financial Group Inc

.286

07/26/38

4,704

20,000

Mitsubishi UFJ Financial Group Inc

.751

07/18/39

17,373

10,000

Mizuho Financial Group Inc

.663

02/28/27

9,982

70,000

Mizuho Financial Group Inc

.254

09/11/29

70,259

110,000

Mizuho Financial Group Inc

.869

09/13/30

104,781

10,000

Mizuho Financial Group Inc

.979

09/08/31

8,975

30,000

Mizuho Financial Group Inc

.754

05/27/34

31,654

200,000

Mizuho Financial Group Inc

.594

07/10/35

208,651

10,000

Mizuho Financial Group Inc

.323

07/08/36

10,248

50,000

Morgan Stanley

.350

09/08/26

50,139

10,000

Morgan Stanley

.512

07/20/27

9,883

60,000

Morgan Stanley

.652

04/13/28

61,131

50,000

Morgan Stanley

.210

04/20/28

50,113

10,000

Morgan Stanley

.591

07/22/28

9,936

517,000

Morgan Stanley

.772

01/24/29

514,158

10,000

Morgan Stanley

.123

02/01/29

10,203

90,000

Morgan Stanley

.164

04/20/29

91,977

301,000

Morgan Stanley

.431

01/23/30

302,974

60,000

Morgan Stanley

.656

04/18/30

62,480

25,000

Morgan Stanley

.654

10/18/30

25,306

120,000

Morgan Stanley

.622

04/01/31

116,513

100,000

Morgan Stanley

.493

01/16/32

99,934

75,000

Morgan Stanley

.250

04/01/32

86,042

210,000

Morgan Stanley

.239

07/21/32

186,355

130,000

Morgan Stanley

.424

07/21/34

134,582

100,000

Morgan Stanley

.627

11/01/34

111,140

50,000

Morgan Stanley

.831

04/19/35

52,888

60,000

Morgan Stanley

.320

07/19/35

61,525

50,000

Morgan Stanley

.587

01/18/36

52,054

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

50,000

Morgan Stanley

.664

%

04/17/36

$

52,234

100,000

Morgan Stanley

.484

09/16/36

87,933

100,000

Morgan Stanley

.892

10/22/36

98,442

110,000

Morgan Stanley

.942

02/07/39

115,110

20,000

Morgan Stanley

.300

01/27/45

17,272

50,000

Morgan Stanley

.516

11/19/55

49,338

20,000

Morgan Stanley Bank NA

.952

01/14/28

20,178

135,000

Nasdaq Inc

.550

02/15/34

141,104

150,000

National Australia Bank Ltd/New York

.308

06/13/28

151,702

250,000

National Australia Bank Ltd/New York

.148

01/13/31

249,795

80,000

NatWest Group PLC

.892

05/18/29

81,354

110,000

NatWest Group PLC

.808

09/13/29

114,583

100,000

NatWest Group PLC

.076

01/27/30

102,449

10,000

NatWest Group PLC

.445

05/08/30

10,047

10,000

Nomura Holdings Inc

.594

07/02/27

10,204

120,000

Nomura Holdings Inc

.172

07/14/28

114,399

30,000

Nomura Holdings Inc

.999

01/22/32

27,286

80,000

Nomura Holdings Inc

.181

01/18/33

86,142

10,000

Nomura Holdings Inc

.087

07/12/33

10,733

20,000

Northern Trust Corp

.150

05/03/29

19,506

50,000

Oesterreichische Kontrollbank AG

.750

01/15/31

49,792

40,000

Old Republic International Corp

.750

03/28/34

41,514

90,000

Omega Healthcare Investors Inc

.750

01/15/28

90,755

40,000

ORIX Corp

.700

07/18/27

39,840

50,000

ORIX Corp

.450

09/09/30

50,059

40,000

ORIX Corp

.250

03/09/31

36,032

20,000

ORIX Corp

.000

04/13/32

19,499

10,000

ORIX Corp

.200

09/13/32

10,340

10,000

Phillips Edison Grocery Center Operating Partnership I LP

.750

07/15/34

10,454

20,000

Piedmont Operating Partnership LP

.150

08/15/30

18,430

50,000

Piedmont Operating Partnership LP

.625

01/15/33

50,200

40,000

Pinnacle Financial Partners Inc

.168

11/01/30

41,665

10,000

PNC Bank NA

.100

10/25/27

9,885

90,000

PNC Bank NA

.050

07/26/28

90,021

20,000

PNC Bank NA

.700

10/22/29

18,936

100,000

PNC Financial Services Group Inc/The

.582

06/12/29

103,517

50,000

PNC Financial Services Group Inc/The

.222

01/29/31

51,614

50,000

PNC Financial Services Group Inc/The

.812

10/21/32

50,722

140,000

PNC Financial Services Group Inc/The

.875

10/20/34

157,338

60,000

PNC Financial Services Group Inc/The

.676

01/22/35

62,944

50,000

PNC Financial Services Group Inc/The

.401

07/23/35

51,489

54,000

Principal Financial Group Inc

.700

05/15/29

53,252

10,000

Principal Financial Group Inc

.125

06/15/30

9,119

30,000

Principal Financial Group Inc

.625

09/15/42

26,725

44,000

Progressive Corp/The

.200

03/26/30

42,515

40,000

Progressive Corp/The

.000

03/15/32

36,898

60,000

Progressive Corp/The

.200

03/15/48

49,649

61,000

Prologis LP

.875

09/15/28

60,917

60,000

Prologis LP

.875

11/15/29

57,376

50,000

Prologis LP

.750

01/15/31

51,074

20,000

Prologis LP

.375

09/15/48

16,803

30,000

Prologis LP

.250

06/15/53

28,539

50,000

Prologis LP

.250

03/15/54

47,527

20,000

Prudential Financial Inc

.878

03/27/28

20,020

30,000

(a) Prudential Financial Inc

.100

03/10/30

27,853

70,000

Prudential Financial Inc

.000

03/10/40

54,446

20,000

Prudential Financial Inc

.500

09/15/47

19,762

153,000

Prudential Financial Inc

.905

12/07/47

119,559

20,000

Prudential Financial Inc

.418

03/27/48

16,754

20,000

Prudential Financial Inc

.700

10/01/50

18,666

30,000

Prudential Funding Asia PLC

.625

03/24/32

28,674

90,000

Public Storage Operating Co

.125

01/15/29

92,997

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

50,000

Public Storage Operating Co

.000

%

07/01/35

$

50,688

60,000

Raymond James Financial Inc

.950

07/15/46

54,911

100,000

Realty Income Corp

.500

02/01/33

98,961

50,000

Regency Centers LP

.250

01/15/34

51,299

20,000

Regions Financial Corp

.800

08/12/28

18,945

60,000

Regions Financial Corp

.375

12/10/37

68,493

30,000

Reinsurance Group of America Inc

.950

09/15/26

30,006

49,000

Reinsurance Group of America Inc

.900

05/15/29

48,593

100,000

Royal Bank of Canada

.150

07/14/26

98,812

110,000

Royal Bank of Canada

.200

08/01/28

113,384

50,000

Royal Bank of Canada

.498

08/06/29

50,529

50,000

Royal Bank of Canada

.969

08/02/30

51,199

50,000

Royal Bank of Canada

.650

10/18/30

50,727

140,000

Royal Bank of Canada

.153

02/04/31

144,290

50,000

Royal Bank of Canada

.305

11/03/31

49,798

100,000

Santander Holdings USA Inc

.490

01/06/28

98,493

20,000

Santander Holdings USA Inc

.565

06/12/29

20,924

10,000

Santander Holdings USA Inc

.353

09/06/30

10,257

60,000

Santander Holdings USA Inc

.342

05/31/35

64,088

140,000

Santander UK Group Holdings PLC

.858

09/11/30

141,808

30,000

Selective Insurance Group Inc

.900

04/15/35

31,369

60,000

State Street Corp

.993

03/18/27

60,749

10,000

State Street Corp

.141

12/03/29

10,057

160,000

State Street Corp

.400

01/24/30

150,936

50,000

State Street Corp

.834

04/24/30

51,368

50,000

State Street Corp

.675

10/22/32

50,733

60,000

State Street Corp

.123

11/21/34

64,628

50,000

State Street Corp

.784

10/23/36

49,395

10,000

Stewart Information Services Corp

.600

11/15/31

9,036

50,000

Sumitomo Mitsui Financial Group Inc

.632

07/14/26

49,732

260,000

Sumitomo Mitsui Financial Group Inc

.364

07/12/27

258,350

90,000

Sumitomo Mitsui Financial Group Inc

.544

01/17/28

89,352

170,000

Sumitomo Mitsui Financial Group Inc

.750

01/15/30

160,479

10,000

Sumitomo Mitsui Financial Group Inc

.710

01/12/31

8,802

50,000

Sumitomo Mitsui Financial Group Inc

.558

07/09/34

52,311

70,000

Sumitomo Mitsui Financial Group Inc

.836

07/09/44

71,802

70,000

Synchrony Financial

.935

08/02/30

72,501

50,000

Synchrony Financial

.000

07/29/36

50,704

15,000

Tanger Properties LP

.875

07/15/27

14,931

100,000

Toronto-Dominion Bank/The

.523

07/17/28

103,595

50,000

Toronto-Dominion Bank/The

.783

12/17/29

51,213

100,000

Toronto-Dominion Bank/The

.411

01/13/31

100,243

50,000

Toronto-Dominion Bank/The

.625

09/15/31

49,761

50,000

Toronto-Dominion Bank/The

.298

01/30/32

52,201

50,000

Toronto-Dominion Bank/The

.928

10/15/35

49,867

100,000

Toyota Motor Credit Corp

.800

01/11/36

99,202

50,000

Travelers Cos Inc/The

.050

07/24/35

50,652

20,000

Travelers Cos Inc/The

.350

11/01/40

20,247

72,000

Travelers Cos Inc/The

.600

08/01/43

65,208

20,000

Travelers Cos Inc/The

.750

05/15/46

15,663

20,000

Travelers Cos Inc/The

.000

05/30/47

16,084

10,000

Travelers Cos Inc/The

.050

03/07/48

8,090

10,000

Travelers Cos Inc/The

.450

05/25/53

9,811

21,000

Truist Financial Corp

.123

06/06/28

21,056

50,000

Truist Financial Corp

.873

01/26/29

50,783

100,000

Truist Financial Corp

.887

06/07/29

95,176

100,000

Truist Financial Corp

.161

10/30/29

107,685

10,000

Truist Financial Corp

.950

06/05/30

9,096

50,000

Truist Financial Corp

.071

05/20/31

51,237

100,000

Truist Financial Corp

.597

01/27/32

100,255

50,000

Truist Financial Corp

.153

08/05/32

51,520

50,000

Truist Financial Corp

.964

10/23/36

49,229

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

FINANCIALS

(continued)

200,000

UBS AG/London

.650

%

09/11/28

$

208,730

10,000

UBS Group AG

.875

05/15/45

9,226

50,000

Unum Group

.250

12/15/35

49,609

320,000

US Bancorp

.384

01/23/30

331,191

170,000

US Bancorp

.678

01/23/35

178,264

1,000

Ventas Realty LP

.850

04/01/27

998

20,000

Ventas Realty LP

.400

01/15/29

20,108

10,000

Ventas Realty LP

.000

01/15/30

9,518

64,000

Ventas Realty LP

.750

11/15/30

64,850

50,000

Ventas Realty LP

.100

07/15/32

51,462

50,000

Ventas Realty LP

.000

02/15/36

49,497

39,000

Voya Financial Inc

.800

06/15/46

34,724

20,000

Voya Financial Inc

.700

01/23/48

19,160

50,000

Webster Financial Corp

.784

09/11/35

50,347

100,000

Wells Fargo & Co

.182

01/23/30

100,084

140,000

Wells Fargo & Co

.897

07/25/33

141,784

500,000

Wells Fargo & Co

.389

04/24/34

517,101

500,000

Wells Fargo & Co

.557

07/25/34

521,066

100,000

Wells Fargo & Co

.960

01/23/37

99,183

75,000

Wells Fargo & Co

.433

01/23/47

73,508

75,000

Wells Fargo Bank NA

.600

01/15/38

83,576

88,000

Welltower OP LLC

.125

03/15/29

88,256

10,000

Welltower OP LLC

.750

01/15/31

9,302

100,000

Welltower OP LLC

.125

07/01/35

101,539

110,000

Westpac Banking Corp

.953

11/20/28

104,662

10,000

Westpac Banking Corp

.650

01/16/30

9,490

100,000

Westpac Banking Corp

.150

06/03/31

90,297

116,000

Westpac Banking Corp

.322

11/23/31

115,967

50,000

Westpac Banking Corp

.618

11/20/35

51,555

30,000

Willis North America Inc

.500

09/15/28

30,228

40,000

Willis North America Inc

.950

09/15/29

38,170

50,000

Willis North America Inc

.900

03/05/54

50,147

10,000

WP Carey Inc

.400

02/01/31

9,034

50,000

WP Carey Inc

.450

02/01/32

44,196

40,000

XL Group Ltd

.250

12/15/43

37,491

30,000

Zions Bancorp NA

.250

10/29/29

28,330

TOTAL FINANCIALS

39,642,102

INDUSTRIAL - 13.9%

30,000

3M Co

.375

03/01/29

29,432

28,000

3M Co

.375

08/26/29

26,448

100,000

3M Co

.050

04/15/30

95,550

30,000

3M Co

.700

03/15/37

31,533

10,000

3M Co

.625

10/15/47

7,450

20,000

3M Co

.250

08/26/49

13,779

30,000

ABB Finance USA Inc

.800

04/03/28

30,043

150,000

Abbott Laboratories

.000

04/01/39

163,937

200,000

AbbVie Inc

.800

03/15/27

202,114

100,000

AbbVie Inc

.650

03/15/28

101,674

100,000

AbbVie Inc

.800

03/15/29

102,448

150,000

AbbVie Inc

.950

03/15/31

154,979

170,000

AbbVie Inc

.050

03/15/34

174,267

150,000

AbbVie Inc

.350

03/15/44

148,359

180,000

AbbVie Inc

.400

03/15/54

174,578

160,000

AbbVie Inc

.500

03/15/64

154,952

100,000

Accenture Capital Inc

.250

10/04/31

100,013

18,000

Adobe Inc

.150

02/01/27

17,733

70,000

Adobe Inc

.800

04/04/29

71,862

50,000

Adobe Inc

.950

01/17/30

51,715

80,000

Agilent Technologies Inc

.100

06/04/30

73,165

89,000

Air Products and Chemicals Inc

.850

05/15/27

86,928

10,000

Air Products and Chemicals Inc

.050

05/15/30

9,209

50,000

Air Products and Chemicals Inc

.800

03/03/33

50,839

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

10,000

Air Products and Chemicals Inc

.700

%

05/15/40

$

7,529

60,000

Albemarle Corp

.650

06/01/27

60,387

40,000

Allegion US Holding Co Inc

.411

07/01/32

41,496

50,000

Alphabet Inc

.875

11/15/28

50,231

50,000

Alphabet Inc

.700

11/15/35

49,774

100,000

Alphabet Inc

.350

11/15/45

98,656

363,000

Alphabet Inc

.300

05/15/65

339,262

10,000

Amcor Finance USA Inc

.500

05/15/28

10,071

60,000

Amcor Flexibles North America Inc

.630

06/19/30

55,937

50,000

Amcor Flexibles North America Inc

.690

05/25/31

45,705

10,000

America Movil SAB de CV

.875

05/07/30

9,385

150,000

America Movil SAB de CV

.700

07/21/32

149,810

30,000

America Movil SAB de CV

.375

03/01/35

32,934

30,000

America Movil SAB de CV

.125

11/15/37

32,046

40,000

American Honda Finance Corp

.300

09/09/26

39,629

60,000

American Honda Finance Corp

.900

03/13/29

61,334

50,000

American Honda Finance Corp

.500

09/04/30

50,201

90,000

American Honda Finance Corp

.850

10/04/30

95,436

120,000

American Honda Finance Corp

.050

07/10/31

123,285

100,000

(a) American Honda Finance Corp

.100

01/08/36

99,608

10,000

American Tower Corp

.450

09/15/26

9,845

10,000

American Tower Corp

.375

10/15/26

9,959

30,000

American Tower Corp

.600

01/15/28

29,740

40,000

American Tower Corp

.500

01/31/28

38,047

110,000

American Tower Corp

.250

07/15/28

113,111

50,000

American Tower Corp

.800

11/15/28

52,211

70,000

American Tower Corp

.900

01/15/30

66,476

20,000

American Tower Corp

.875

10/15/30

17,892

110,000

American Tower Corp

.050

03/15/32

107,165

20,000

American Tower Corp

.700

10/15/49

14,879

30,000

American Tower Corp

.100

06/15/50

19,697

60,000

Amgen Inc

.150

03/02/28

61,420

140,000

Amgen Inc

.000

02/22/29

135,985

10,000

Amgen Inc

.250

03/02/30

10,376

138,000

Amgen Inc

.300

02/25/31

125,425

120,000

Amgen Inc

.000

01/15/32

104,729

20,000

Amgen Inc

.750

03/15/40

20,762

20,000

Amgen Inc

.950

10/01/41

18,808

377,000

Amgen Inc

.600

03/02/43

379,815

160,000

Amgen Inc

.400

05/01/45

137,382

30,000

Amgen Inc

.563

06/15/48

25,693

70,000

Amgen Inc

.663

06/15/51

59,995

30,000

Amgen Inc

.650

03/02/53

29,530

10,000

Analog Devices Inc

.500

12/05/26

9,979

50,000

Analog Devices Inc

.700

10/01/28

47,293

20,000

Analog Devices Inc

.100

10/01/31

17,781

10,000

Analog Devices Inc

.050

04/01/34

10,314

80,000

Analog Devices Inc

.300

04/01/54

77,082

700,000

Apple Inc

.500

02/23/36

704,473

300,000

Apple Inc

.375

02/08/41

214,785

50,000

Applied Materials Inc

.000

01/15/31

49,536

32,000

Applied Materials Inc

.100

10/01/35

32,948

50,000

Applied Materials Inc

.600

01/15/36

49,181

110,000

Applied Materials Inc

.350

04/01/47

95,209

100,000

AppLovin Corp

.500

12/01/34

102,380

50,000

AptarGroup Inc

.750

03/30/31

50,304

40,000

Aptiv Swiss Holdings Ltd

.350

03/15/29

40,186

92,000

Aptiv Swiss Holdings Ltd

.150

05/01/52

70,859

10,000

Aptiv Swiss Holdings Ltd

.750

09/13/54

9,671

20,000

Archer-Daniels-Midland Co

.500

08/11/26

19,868

40,000

Archer-Daniels-Midland Co

.250

03/27/30

38,643

120,000

Archer-Daniels-Midland Co

.700

09/15/51

73,445

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

70,000

Arrow Electronics Inc

.150

%

08/21/29

$

71,612

24,000

Arrow Electronics Inc

.950

02/15/32

21,494

50,000

Astrazeneca Finance LLC

.800

02/26/27

50,487

49,000

AstraZeneca PLC

.375

08/06/30

43,537

272,000

AstraZeneca PLC

.450

09/15/37

307,896

20,000

AstraZeneca PLC

.375

11/16/45

17,589

30,000

AstraZeneca PLC

.125

08/06/50

16,765

230,000

AT&T Inc

.700

08/15/30

233,759

350,000

AT&T Inc

.550

12/01/33

297,737

200,000

AT&T Inc

.400

02/15/34

206,400

350,000

AT&T Inc

.375

08/15/35

357,068

100,000

AT&T Inc

.900

11/01/35

98,456

15,000

AT&T Inc

.375

03/01/41

16,015

100,000

AT&T Inc

.550

11/01/45

96,274

70,000

AT&T Inc

.700

11/01/54

66,839

410,000

AT&T Inc

.050

08/15/56

410,344

40,000

Atlassian Corp

.500

05/15/34

40,860

80,000

Autodesk Inc

.400

12/15/31

71,261

80,000

Automatic Data Processing Inc

.700

05/15/28

76,564

50,000

Automatic Data Processing Inc

.750

05/08/32

51,161

30,000

AutoNation Inc

.950

08/01/28

28,378

60,000

AutoNation Inc

.750

06/01/30

60,525

20,000

AutoNation Inc

.850

03/01/32

18,865

50,000

AutoZone Inc

.500

02/01/28

50,472

120,000

AutoZone Inc

.200

08/01/33

122,768

70,000

Avery Dennison Corp

.250

02/15/32

61,637

10,000

(a) Baidu Inc

.425

04/07/30

9,716

80,000

Baidu Inc

.375

10/09/30

73,831

50,000

Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc

.337

12/15/27

49,515

125,000

Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc

.138

11/07/29

120,714

30,000

Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc

.486

05/01/30

30,326

70,000

Baxter International Inc

.730

04/01/31

60,211

150,000

Baxter International Inc

.539

02/01/32

131,078

20,000

Bell Telephone Co of Canada or Bell Canada

.100

05/11/33

20,331

60,000

Bell Telephone Co of Canada or Bell Canada

.200

02/15/34

61,049

50,000

Bell Telephone Co of Canada or Bell Canada

.464

04/01/48

41,425

80,000

Berry Global Inc

.500

04/15/28

82,462

20,000

Berry Global Inc

.650

01/15/34

20,875

30,000

Biogen Inc

.250

05/01/30

27,577

50,000

Biogen Inc

.750

05/15/35

52,493

140,000

Biogen Inc

.150

05/01/50

90,805

10,000

Biogen Inc

.250

02/15/51

6,578

40,000

Block Financial LLC

.500

07/15/28

38,319

50,000

Boardwalk Pipelines LP

.375

02/15/36

50,145

50,000

Booking Holdings Inc

.600

06/01/26

49,970

20,000

Booz Allen Hamilton Inc

.950

08/04/33

20,820

60,000

Booz Allen Hamilton Inc

.950

04/15/35

61,734

62,000

BorgWarner Inc

.650

07/01/27

60,829

10,000

Bristol-Myers Squibb Co

.250

02/27/27

9,954

20,000

Bristol-Myers Squibb Co

.125

11/13/27

19,136

90,000

Bristol-Myers Squibb Co

.450

11/13/30

79,547

20,000

Bristol-Myers Squibb Co

.900

11/15/33

21,741

560,000

Bristol-Myers Squibb Co

.125

06/15/39

505,833

70,000

Bristol-Myers Squibb Co

.550

02/20/48

60,309

21,000

British Telecommunications PLC

.125

12/04/28

21,555

60,000

British Telecommunications PLC

.625

12/15/30

72,984

70,000

Broadcom Inc

.050

04/15/30

72,133

50,000

Broadcom Inc

.200

10/15/30

49,848

50,000

Broadcom Inc

.300

01/15/31

49,969

50,000

Broadcom Inc

.150

11/15/31

51,836

50,000

Broadcom Inc

.550

02/15/32

49,977

292,000

(c) Broadcom Inc

.150

04/15/32

285,626

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

485,000

Broadcom Inc

.300

%

11/15/32

$

478,366

50,000

Broadcom Inc

.600

01/15/33

49,858

280,000

(c) Broadcom Inc

.187

11/15/36

237,293

50,000

Broadcom Inc

.700

01/15/56

50,386

60,000

Broadridge Financial Solutions Inc

.600

05/01/31

54,508

50,000

Brunswick Corp/DE

.400

09/15/32

48,245

40,000

Bunge Ltd Finance Corp

.250

08/15/26

39,868

20,000

Bunge Ltd Finance Corp

.750

09/25/27

19,942

60,000

Bunge Ltd Finance Corp

.550

08/04/30

60,467

60,000

Bunge Ltd Finance Corp

.750

05/14/31

55,242

30,000

Cabot Corp

.000

06/30/32

30,403

50,000

Canadian National Railway Co

.200

03/12/31

49,828

10,000

Canadian National Railway Co

.850

08/05/32

9,695

10,000

Canadian National Railway Co

.250

08/01/34

11,018

70,000

Canadian National Railway Co

.375

11/15/37

78,065

60,000

Canadian National Railway Co

.650

02/03/48

45,863

40,000

Canadian National Railway Co

.450

01/20/49

34,332

15,000

Canadian National Railway Co

.450

05/01/50

8,964

20,000

Canadian Pacific Railway Co

.000

06/01/28

20,017

10,000

Canadian Pacific Railway Co

.875

11/15/29

9,606

10,000

Canadian Pacific Railway Co

.050

03/05/30

9,207

80,000

Canadian Pacific Railway Co

.450

12/02/31

71,960

10,000

Canadian Pacific Railway Co

.800

09/15/35

9,973

60,000

Canadian Pacific Railway Co

.000

12/02/41

45,036

70,000

Canadian Pacific Railway Co

.300

05/15/43

60,809

70,000

Canadian Pacific Railway Co

.125

09/15/15

70,827

50,000

Cardinal Health Inc

.500

09/15/30

50,385

120,000

Cardinal Health Inc

.500

11/15/44

103,189

10,000

Cardinal Health Inc

.900

09/15/45

9,033

50,000

Cardinal Health Inc

.750

11/15/54

49,814

10,000

Carlisle Cos Inc

.750

03/01/30

9,449

43,000

Carlisle Cos Inc

.200

03/01/32

37,645

25,000

Carlisle Cos Inc

.250

09/15/35

25,459

10,000

Carrier Global Corp

.700

02/15/31

9,274

70,000

Carrier Global Corp

.900

03/15/34

74,911

112,000

Carrier Global Corp

.377

04/05/40

90,190

10,000

Caterpillar Financial Services Corp

.450

10/16/26

10,053

50,000

Caterpillar Financial Services Corp

.000

05/14/27

50,828

10,000

Caterpillar Financial Services Corp

.400

10/15/27

10,114

50,000

Caterpillar Financial Services Corp

.600

11/15/27

50,798

50,000

Caterpillar Financial Services Corp

.400

03/03/28

50,617

50,000

Caterpillar Financial Services Corp

.950

11/14/28

50,167

50,000

Caterpillar Financial Services Corp

.150

01/08/31

49,967

50,000

Caterpillar Inc

.600

09/19/29

47,817

180,000

Caterpillar Inc

.803

08/15/42

151,096

70,000

Caterpillar Inc

.250

09/19/49

50,025

50,000

CBRE Services Inc

.900

01/15/33

50,196

30,000

CBRE Services Inc

.950

08/15/34

31,928

112,000

CDW LLC / CDW Finance Corp

.670

12/01/26

110,698

50,000

Cencora Inc

.625

12/15/27

50,612

60,000

Cencora Inc

.125

02/15/34

61,427

50,000

Cencora Inc

.150

02/15/35

51,028

30,000

CF Industries Inc

.150

03/15/34

30,165

20,000

CF Industries Inc

.950

06/01/43

18,050

20,000

CGI Inc

.450

09/14/26

19,688

40,000

CH Robinson Worldwide Inc

.200

04/15/28

40,065

62,000

Cheniere Corpus Christi Holdings LLC

.125

06/30/27

62,590

10,000

Cheniere Energy Inc

.625

10/15/28

10,000

70,000

Cheniere Energy Inc

.650

04/15/34

72,575

160,000

Cheniere Energy Partners LP

.950

06/30/33

169,519

30,000

Choice Hotels International Inc

.850

08/01/34

30,736

70,000

Church & Dwight Co Inc

.150

08/01/27

69,180

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

300,000

Cigna Group/The

.050

%

10/15/27

$

295,936

130,000

Cigna Group/The

.800

08/15/38

123,851

10,000

Cigna Group/The

.125

11/15/41

10,488

50,000

Cigna Group/The

.875

10/15/47

38,494

20,000

Cigna Group/The

.600

02/15/54

19,288

160,000

Cigna Group/The

.000

01/15/56

163,025

60,000

Cintas Corp No 2

.200

05/01/28

60,343

308,000

Cisco Systems Inc

.500

09/20/26

305,804

30,000

Cisco Systems Inc

.500

01/15/40

31,047

130,000

Cisco Systems Inc

.300

02/26/54

124,228

60,000

Cisco Systems Inc

.500

02/24/55

59,233

50,000

Clorox Co/The

.400

05/01/29

50,495

20,000

Clorox Co/The

.800

05/15/30

18,057

20,000

CNH Industrial Capital LLC

.450

07/15/26

19,763

50,000

CNH Industrial Capital LLC

.500

10/08/27

50,330

60,000

CNH Industrial Capital LLC

.500

10/16/30

60,068

50,000

CNH Industrial Capital LLC

.375

03/07/31

49,583

20,000

CNH Industrial NV

.850

11/15/27

19,927

10,000

Coca-Cola Co/The

.375

03/25/27

9,974

5,000

Coca-Cola Co/The

.450

06/01/27

4,862

10,000

Coca-Cola Co/The

.500

03/05/28

9,571

140,000

Coca-Cola Co/The

.000

03/15/28

132,488

170,000

Coca-Cola Co/The

.650

06/01/30

154,080

10,000

Coca-Cola Co/The

.375

03/15/31

8,761

45,000

Coca-Cola Co/The

.875

05/05/41

34,470

130,000

Coca-Cola Co/The

.000

03/05/51

86,922

50,000

Coca-Cola Co/The

.300

05/13/54

48,839

80,000

Coca-Cola Co/The

.750

06/01/60

46,711

70,000

Colgate-Palmolive Co

.250

08/15/32

66,030

290,000

Comcast Corp

.400

04/01/30

280,982

250,000

(a) Comcast Corp

.500

02/15/31

218,210

80,000

Comcast Corp

.500

11/15/32

84,197

90,000

Comcast Corp

.800

05/15/33

90,429

39,000

(c) Comcast Corp

.168

01/15/37

38,359

175,000

Comcast Corp

.450

03/15/37

192,663

381,000

Comcast Corp

.750

04/01/40

313,061

20,000

Comcast Corp

.049

11/01/52

14,629

75,000

Comcast Corp

.650

06/01/54

70,304

50,000

(a) Comcast Corp

.050

05/15/55

49,530

360,000

Comcast Corp

.987

11/01/63

194,840

80,000

Conagra Brands Inc

.250

09/15/30

91,419

50,000

Conagra Brands Inc

.300

11/01/38

47,222

10,000

Conagra Brands Inc

.400

11/01/48

8,824

50,000

(a) Concentrix Corp

.850

08/02/33

50,624

70,000

Corning Inc

.350

11/15/48

68,324

15,000

Corning Inc

.900

11/15/49

11,634

10,000

Corning Inc

.375

11/15/57

8,189

50,000

CRH America Finance Inc

.400

02/09/31

50,030

50,000

CRH America Finance Inc

.000

02/09/36

49,947

20,000

Crown Castle Inc

.700

06/15/26

19,967

40,000

Crown Castle Inc

.300

02/15/29

40,016

114,000

Crown Castle Inc

.300

07/01/30

108,224

10,000

Crown Castle Inc

.100

04/01/31

8,833

150,000

Crown Castle Inc

.500

07/15/31

134,357

60,000

Crown Castle Inc

.900

04/01/41

43,764

30,000

Crown Castle Inc

.250

01/15/51

19,823

55,000

CSX Corp

.250

03/15/29

55,516

30,000

CSX Corp

.000

10/01/36

32,459

20,000

CSX Corp

.150

05/01/37

21,901

20,000

CSX Corp

.220

04/30/40

21,948

130,000

CSX Corp

.100

03/15/44

109,382

30,000

CSX Corp

.800

11/01/46

23,563

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

90,000

CSX Corp

.750

%

11/15/48

$

80,048

10,000

CSX Corp

.800

04/15/50

7,597

62,000

CSX Corp

.250

11/01/66

47,735

60,000

Cummins Inc

.250

05/09/28

60,599

39,000

Cummins Inc

.500

09/01/30

34,848

112,000

Cummins Inc

.600

09/01/50

68,030

100,000

Danaher Corp

.800

12/10/51

63,299

10,000

DCP Midstream Operating LP

.625

07/15/27

10,182

70,000

DCP Midstream Operating LP

.125

05/15/29

71,660

60,000

Deere & Co

.450

01/16/35

63,178

130,000

Deere & Co

.900

06/09/42

112,001

20,000

Dell Inc

.500

04/15/38

21,339

50,000

Dell International LLC / EMC Corp

.100

07/15/27

51,309

30,000

Dell International LLC / EMC Corp

.250

02/01/28

30,685

50,000

Dell International LLC / EMC Corp

.750

04/01/28

50,707

20,000

Dell International LLC / EMC Corp

.350

02/01/30

19,982

10,000

Dell International LLC / EMC Corp

.200

07/15/30

10,674

112,000

Dell International LLC / EMC Corp

.100

07/15/36

134,421

20,000

Dell International LLC / EMC Corp

.375

12/15/41

15,117

110,000

Dell International LLC / EMC Corp

.350

07/15/46

138,600

14,000

Delta Air Lines 2020-1 Class AA Pass Through Trust2020 A

.000

06/10/28

12,911

40,000

Delta Air Lines Inc

.375

04/19/28

40,102

50,000

Delta Air Lines Inc

.250

07/10/30

51,199

30,000

DH Europe Finance II Sarl

.400

11/15/49

21,591

130,000

Dollar General Corp

.500

04/03/30

125,530

92,000

Dollar Tree Inc

.375

12/01/51

62,037

30,000

Dover Corp

.375

10/15/35

31,362

70,000

Dow Chemical Co/The

.800

11/30/28

71,216

10,000

Dow Chemical Co/The

.100

11/15/30

8,880

91,000

Dow Chemical Co/The

.250

10/01/34

83,199

60,000

(a) Dow Chemical Co/The

.650

03/15/36

59,951

10,000

Dow Chemical Co/The

.400

05/15/39

12,895

30,000

Dow Chemical Co/The

.375

11/15/42

23,950

10,000

Dow Chemical Co/The

.900

05/15/53

10,381

30,000

Dow Chemical Co/The

.600

02/15/54

26,184

60,000

Dow Chemical Co/The

.950

03/15/55

54,945

70,000

DR Horton Inc

.300

10/15/26

68,794

70,000

DuPont de Nemours Inc

.319

11/15/38

69,954

3,000

DuPont de Nemours Inc

.419

11/15/48

2,836

16,000

DXC Technology Co

.800

09/15/26

15,777

50,000

Eagle Materials Inc

.000

03/15/36

48,956

60,000

Eastman Chemical Co

.750

03/08/33

62,860

30,000

Eastman Chemical Co

.800

09/01/42

26,755

48,000

Eaton Corp

.103

09/15/27

47,473

62,000

Eaton Corp

.000

11/02/32

60,711

114,000

eBay Inc

.700

03/11/30

107,213

50,000

eBay Inc

.125

11/06/35

49,958

20,000

eBay Inc

.650

05/10/51

14,675

46,000

Ecolab Inc

.250

12/01/27

45,680

10,000

Ecolab Inc

.800

03/24/30

10,253

10,000

Ecolab Inc

.300

01/30/31

8,704

50,000

Ecolab Inc

.000

09/01/35

50,990

120,000

Ecolab Inc

.700

12/15/51

74,390

22,000

Electronic Arts Inc

.850

02/15/31

21,280

12,000

Electronic Arts Inc

.950

02/15/51

11,144

50,000

Eli Lilly & Co

.550

02/12/28

50,820

25,000

Eli Lilly & Co

.375

03/15/29

24,668

100,000

Eli Lilly & Co

.550

10/15/32

101,323

200,000

Eli Lilly & Co

.700

02/27/33

203,672

110,000

Eli Lilly & Co

.700

03/01/45

87,618

110,000

Eli Lilly & Co

.950

03/15/49

88,466

20,000

Eli Lilly & Co

.875

02/27/53

18,193

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

110,000

Eli Lilly & Co

.000

%

02/09/54

$

101,677

60,000

Eli Lilly & Co

.550

10/15/55

60,075

50,000

Emerson Electric Co

.000

12/21/28

47,518

22,000

Emerson Electric Co

.950

10/15/30

19,970

50,000

Emerson Electric Co

.000

03/15/35

51,101

30,000

Enbridge Inc

.700

07/15/27

29,877

50,000

Enbridge Inc

.200

11/20/28

50,135

190,000

Enbridge Inc

.125

11/15/29

182,471

220,000

Enbridge Inc

.500

06/10/44

186,844

20,000

Enbridge Inc

.500

12/01/46

19,634

50,000

Enbridge Inc

.950

04/05/54

50,560

50,000

Enterprise Products Operating LLC

.300

06/20/28

50,432

20,000

Enterprise Products Operating LLC

.800

01/31/30

19,003

110,000

Enterprise Products Operating LLC

.550

04/15/38

132,265

210,000

Enterprise Products Operating LLC

.125

10/15/39

225,535

70,000

Enterprise Products Operating LLC

.850

03/15/44

64,000

50,000

Enterprise Products Operating LLC

.100

02/15/45

46,916

85,000

Enterprise Products Operating LLC

.900

05/15/46

77,180

120,000

Enterprise Products Operating LLC

.300

02/15/53

80,498

20,000

Enterprise Products Operating LLC

.375

02/15/78

19,893

30,000

Equifax Inc

.100

12/15/27

30,554

50,000

Equifax Inc

.100

06/01/28

51,079

20,000

Equinix Inc

.900

11/18/26

19,835

10,000

Equinix Inc

.000

05/15/28

9,559

130,000

Equinix Inc

.900

04/15/32

125,096

100,000

Equinix Inc

.000

07/15/50

63,624

40,000

Estee Lauder Cos Inc/The

.150

03/15/27

39,708

130,000

Estee Lauder Cos Inc/The

.600

04/15/30

122,223

20,000

Estee Lauder Cos Inc/The

.950

03/15/31

17,845

30,000

FactSet Research Systems Inc

.450

03/01/32

27,894

92,000

Fidelity National Information Services Inc

.650

03/01/28

87,570

40,000

Fiserv Inc

.250

06/01/27

39,057

254,000

Fiserv Inc

.500

07/01/29

246,836

40,000

Fiserv Inc

.650

06/01/30

36,948

50,000

Fiserv Inc

.550

02/15/31

49,702

30,000

Fiserv Inc

.450

03/15/34

30,332

40,000

Fiserv Inc

.400

07/01/49

31,471

90,000

Flex Ltd

.875

06/15/29

91,380

60,000

Flowserve Corp

.800

01/15/32

53,885

10,000

Fomento Economico Mexicano SAB de CV

.375

05/10/43

8,807

59,000

Fomento Economico Mexicano SAB de CV

.500

01/16/50

43,300

40,000

Fortinet Inc

.200

03/15/31

35,869

40,000

Fortive Corp

.150

06/15/26

39,854

40,000

Fortune Brands Innovations Inc

.875

06/01/33

42,332

140,000

GE HealthCare Technologies Inc

.857

03/15/30

147,781

50,000

GE HealthCare Technologies Inc

.950

12/15/35

49,592

184,000

General Mills Inc

.875

04/15/30

174,289

20,000

General Mills Inc

.950

03/29/33

20,229

440,000

General Motors Financial Co Inc

.000

07/15/27

445,462

250,000

General Motors Financial Co Inc

.050

04/04/28

254,921

50,000

General Motors Financial Co Inc

.200

10/27/28

50,128

122,000

General Motors Financial Co Inc

.550

07/15/29

126,646

100,000

General Motors Financial Co Inc

.450

07/15/30

103,906

100,000

General Motors Financial Co Inc

.625

04/04/32

104,175

100,000

General Motors Financial Co Inc

.150

07/15/35

105,805

50,000

(a) General Motors Financial Co Inc

.450

01/08/36

50,216

50,000

Genuine Parts Co

.500

11/01/28

52,800

50,000

Genuine Parts Co

.750

02/01/32

44,298

70,000

Gilead Sciences Inc

.100

06/15/35

71,562

90,000

Gilead Sciences Inc

.600

09/01/35

88,789

176,000

Gilead Sciences Inc

.000

09/01/36

163,557

70,000

Gilead Sciences Inc

.650

12/01/41

72,631

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

20,000

Gilead Sciences Inc

.800

%

04/01/44

$

18,457

30,000

Gilead Sciences Inc

.150

03/01/47

24,834

10,000

GlaxoSmithKline Capital Inc

.875

05/15/28

10,019

60,000

GlaxoSmithKline Capital Inc

.375

04/15/34

63,215

60,000

GlaxoSmithKline Capital Inc

.375

05/15/38

67,206

90,000

GlaxoSmithKline Capital PLC

.375

06/01/29

88,345

170,000

Global Payments Inc

.200

08/15/29

162,510

50,000

Global Payments Inc

.550

11/15/35

49,581

50,000

GXO Logistics Inc

.650

07/15/26

49,436

30,000

GXO Logistics Inc

.500

05/06/34

32,313

120,000

Haleon US Capital LLC

.375

03/24/29

117,429

30,000

(a) Haleon US Capital LLC

.000

03/24/52

23,616

152,000

Halliburton Co

.850

11/15/35

149,696

9,000

Halliburton Co

.500

11/15/41

7,859

35,000

Harley-Davidson Inc

.625

07/28/45

28,060

20,000

Hasbro Inc

.550

11/19/26

19,942

10,000

Hasbro Inc

.500

09/15/27

9,927

70,000

Hasbro Inc

.900

11/19/29

69,084

30,000

HCA Inc

.250

06/15/26

30,031

40,000

HCA Inc

.500

02/15/27

40,086

80,000

HCA Inc

.125

03/15/27

79,228

100,000

HCA Inc

.200

06/01/28

102,454

206,000

HCA Inc

.125

06/15/29

205,544

70,000

HCA Inc

.450

04/01/31

72,776

110,000

HCA Inc

.125

06/15/39

106,161

160,000

HCA Inc

.500

07/15/51

108,587

100,000

HCA Inc

.200

03/01/55

101,788

70,000

HCA Inc

.700

11/15/55

66,689

70,000

Hershey Co/The

.250

05/04/28

70,656

50,000

Hewlett Packard Enterprise Co

.400

10/15/30

49,755

260,000

(a) Hewlett Packard Enterprise Co

.200

10/15/35

279,146

60,000

HF Sinclair Corp

.000

02/01/28

59,990

50,000

HF Sinclair Corp

.500

09/01/32

51,127

120,000

Home Depot Inc/The

.875

06/25/27

121,901

60,000

Home Depot Inc/The

.750

09/15/28

60,037

30,000

Home Depot Inc/The

.950

06/15/29

29,095

299,000

Home Depot Inc/The

.400

09/15/40

307,953

130,000

Home Depot Inc/The

.950

04/01/41

139,262

30,000

Home Depot Inc/The

.875

02/15/44

28,059

62,000

Home Depot Inc/The

.400

03/15/45

53,995

220,000

Home Depot Inc/The

.500

12/06/48

190,166

60,000

Home Depot Inc/The

.125

12/15/49

40,943

120,000

Honda Motor Co Ltd

.534

03/10/27

118,326

30,000

Honda Motor Co Ltd

.967

03/10/32

27,472

95,000

Hormel Foods Corp

.700

06/03/28

90,473

10,000

Hormel Foods Corp

.800

06/11/30

9,040

50,000

Howmet Aerospace Inc

.850

10/15/31

51,330

30,000

HP Inc

.000

04/15/29

29,698

52,000

HP Inc

.400

06/17/30

49,811

110,000

HP Inc

.200

04/15/32

106,463

10,000

HP Inc

.500

01/15/33

10,233

50,000

Hubbell Inc

.800

11/15/35

49,465

40,000

IBM International Capital Pte Ltd

.600

02/05/27

40,291

140,000

IBM International Capital Pte Ltd

.300

02/05/54

129,942

10,000

IDEX Corp

.950

09/01/29

10,212

30,000

IDEX Corp

.625

06/15/31

27,377

90,000

Illinois Tool Works Inc

.875

09/15/41

86,326

10,000

Illinois Tool Works Inc

.900

09/01/42

8,465

60,000

Illumina Inc

.750

12/12/30

60,631

50,000

Ingersoll Rand Inc

.197

06/15/27

50,771

10,000

Intel Corp

.750

03/25/27

9,971

292,000

Intel Corp

.450

11/15/29

273,499

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

110,000

Intel Corp

.125

%

02/10/30

$

112,832

10,000

Intel Corp

.000

12/15/32

9,581

150,000

Intel Corp

.600

03/25/40

134,629

20,000

Intel Corp

.800

08/12/41

14,132

20,000

Intel Corp

.250

12/15/42

16,397

10,000

Intel Corp

.100

05/19/46

7,734

90,000

Intel Corp

.100

05/11/47

69,074

130,000

Intel Corp

.734

12/08/47

93,617

50,000

Intel Corp

.250

11/15/49

32,572

60,000

Intel Corp

.750

03/25/50

49,690

20,000

Intel Corp

.700

02/10/53

18,881

50,000

Intel Corp

.600

02/21/54

46,875

10,000

International Business Machines Corp

.300

01/27/27

9,955

100,000

International Business Machines Corp

.650

02/10/28

101,488

290,000

International Business Machines Corp

.720

02/09/32

263,734

82,000

International Business Machines Corp

.600

11/30/39

84,752

10,000

International Business Machines Corp

.850

05/15/40

7,510

100,000

International Business Machines Corp

.000

06/20/42

83,793

10,000

International Business Machines Corp

.700

02/19/46

8,829

7,000

International Flavors & Fragrances Inc

.000

09/26/48

6,223

45,000

International Paper Co

.800

06/15/44

39,759

15,000

International Paper Co

.400

08/15/47

12,329

52,000

International Paper Co

.350

08/15/48

42,141

80,000

Intuit Inc

.250

09/15/26

80,568

18,000

Intuit Inc

.350

07/15/27

17,405

20,000

Intuit Inc

.650

07/15/30

17,963

10,000

Intuit Inc

.500

09/15/53

9,651

50,000

IQVIA Inc

.250

02/01/29

52,603

180,000

J M Smucker Co/The

.250

03/15/35

169,814

40,000

Jabil Inc

.250

05/15/27

40,108

50,000

Jabil Inc

.750

02/01/33

49,251

60,000

Jacobs Engineering Group Inc

.350

08/18/28

63,088

7,000

JetBlue 2019-1 Class AA Pass Through Trust2020 A

.750

05/15/32

6,434

20,000

JetBlue 2020-1 Class A Pass Through Trust

.000

11/15/32

19,271

280,000

John Deere Capital Corp

.300

10/13/26

275,357

110,000

John Deere Capital Corp

.900

06/11/27

111,802

40,000

John Deere Capital Corp

.350

04/18/29

39,326

110,000

John Deere Capital Corp

.700

06/10/30

112,747

60,000

John Deere Capital Corp

.375

10/15/30

60,646

10,000

Johnson Controls International plc

.625

07/02/44

8,933

20,000

Johnson Controls International plc / Tyco Fire & Security Finance

SCA

.750

09/15/30

17,869

30,000

Johnson Controls International plc / Tyco Fire & Security Finance

SCA

.000

09/16/31

26,468

50,000

Johnson Controls International plc / Tyco Fire & Security Finance

SCA

.900

12/01/32

50,837

70,000

Kellanova

.400

11/15/27

69,502

40,000

Kellanova

.100

06/01/30

36,667

30,000

Kellanova

.500

04/01/46

26,466

50,000

Kenvue Inc

.850

05/22/32

51,039

130,000

Kenvue Inc

.900

03/22/33

132,365

10,000

Kenvue Inc

.100

03/22/43

9,610

50,000

Keurig Dr Pepper Inc

.100

03/15/27

50,544

60,000

Keurig Dr Pepper Inc

.350

05/15/28

60,262

30,000

Keurig Dr Pepper Inc

.200

05/01/30

28,546

30,000

Keurig Dr Pepper Inc

.800

05/01/50

21,813

200,000

Keurig Dr Pepper Inc

.500

04/15/52

161,988

50,000

Keysight Technologies Inc

.000

10/30/29

47,891

20,000

Kimberly-Clark Corp

.950

11/01/28

20,028

108,000

Kimberly-Clark Corp

.625

08/01/37

124,084

20,000

Kinder Morgan Energy Partners LP

.950

01/15/38

22,688

10,000

Kinder Morgan Inc

.750

11/15/26

9,833

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

50,000

Kinder Morgan Inc

.150

%

06/01/30

$

51,723

412,000

Kinder Morgan Inc

.300

12/01/34

420,971

60,000

Kinder Morgan Inc

.050

02/15/46

54,381

60,000

Kinder Morgan Inc

.250

08/01/50

39,720

50,000

Kinder Morgan Inc

.950

08/01/54

50,250

20,000

KLA Corp

.650

07/15/32

20,301

110,000

KLA Corp

.950

07/15/52

100,236

30,000

Koninklijke KPN NV

.375

10/01/30

34,915

40,000

Kraft Heinz Foods Co

.000

06/01/26

39,870

30,000

Kraft Heinz Foods Co

.875

05/15/27

29,905

60,000

Kraft Heinz Foods Co

.250

03/01/31

59,465

50,000

Kraft Heinz Foods Co

.200

03/15/32

51,371

10,000

Kraft Heinz Foods Co

.500

02/09/40

10,726

20,000

Kraft Heinz Foods Co

.000

06/04/42

18,241

140,000

Kraft Heinz Foods Co

.500

06/01/50

130,370

30,000

Kroger Co/The

.200

05/01/30

27,609

10,000

Kroger Co/The

.700

01/15/31

8,811

50,000

Kroger Co/The

.000

09/15/34

50,045

130,000

Kroger Co/The

.900

04/15/38

149,136

29,000

Kroger Co/The

.400

07/15/40

28,874

90,000

Kroger Co/The

.450

02/01/47

75,963

10,000

Kyndryl Holdings Inc

.150

10/15/31

9,112

70,000

(a) Kyndryl Holdings Inc

.350

02/20/34

73,399

10,000

Laboratory Corp of America Holdings

.600

09/01/27

9,946

10,000

Laboratory Corp of America Holdings

.950

12/01/29

9,556

100,000

Laboratory Corp of America Holdings

.700

06/01/31

91,798

30,000

Lam Research Corp

.900

06/15/30

27,315

80,000

Lam Research Corp

.125

06/15/60

49,783

60,000

Lear Corp

.600

01/15/32

53,602

40,000

Leggett & Platt Inc

.400

03/15/29

39,613

30,000

Leggett & Platt Inc

.500

11/15/51

19,561

10,000

Lennox International Inc

.700

08/01/27

9,670

30,000

Linde Inc/CT

.100

08/10/30

26,362

40,000

LKQ Corp

.750

06/15/28

41,089

40,000

Lowe's Cos Inc

.350

04/01/27

39,764

201,000

Lowe's Cos Inc

.500

04/15/30

203,419

370,000

Lowe's Cos Inc

.000

04/15/40

357,932

70,000

Lowe's Cos Inc

.050

05/03/47

55,696

30,000

Lowe's Cos Inc

.750

07/01/53

29,792

10,000

Lowe's Cos Inc

.850

04/01/63

9,841

70,000

LYB International Finance III LLC

.150

05/15/35

71,475

170,000

LYB International Finance III LLC

.375

10/01/40

122,548

21,000

LYB International Finance III LLC

.200

05/01/50

14,924

70,000

LYB International Finance III LLC

.625

04/01/51

44,702

250,000

Marriott International Inc/MD

.500

10/15/31

250,457

142,000

Martin Marietta Materials Inc

.200

07/15/51

95,597

60,000

Marvell Technology Inc

.450

04/15/28

57,966

20,000

Marvell Technology Inc

.950

04/15/31

18,537

20,000

Marvell Technology Inc

.950

09/15/33

21,274

10,000

Masco Corp

.000

10/01/30

8,962

70,000

Masco Corp

.000

02/15/31

61,978

30,000

Masco Corp

.500

05/15/47

25,427

10,000

Mastercard Inc

.950

11/21/26

9,945

70,000

Mastercard Inc

.550

03/15/28

71,183

32,000

Mastercard Inc

.950

06/01/29

31,033

44,000

Mastercard Inc

.350

03/26/30

42,959

130,000

Mastercard Inc

.000

11/18/31

115,732

30,000

Mastercard Inc

.875

05/09/34

30,583

40,000

Mastercard Inc

.800

11/21/46

31,913

10,000

Mastercard Inc

.650

06/01/49

7,560

30,000

Mastercard Inc

.850

03/26/50

23,351

20,000

Mastercard Inc

.950

03/15/51

13,113

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

90,000

McCormick & Co Inc/MD

.850

%

02/15/31

$

79,667

50,000

McDonald's Corp

.400

02/12/31

50,350

200,000

McDonald's Corp

.600

09/09/32

203,307

30,000

McDonald's Corp

.300

10/15/37

33,315

40,000

McDonald's Corp

.450

09/01/48

33,987

220,000

McDonald's Corp

.150

09/09/52

204,848

10,000

McKesson Corp

.300

08/15/26

9,863

50,000

McKesson Corp

.900

07/15/28

51,177

10,000

McKesson Corp

.100

07/15/33

10,305

60,000

McKesson Corp

.250

05/30/35

61,951

60,000

MDC Holdings Inc

.966

08/06/61

39,878

50,000

Mercedes-Benz Finance North America LLC

.500

01/18/31

59,060

217,000

Merck & Co Inc

.900

12/10/28

206,227

160,000

Merck & Co Inc

.450

06/24/30

143,302

70,000

Merck & Co Inc

.500

12/01/33

78,560

10,000

Merck & Co Inc

.150

05/18/43

8,590

145,000

Merck & Co Inc

.900

05/17/44

135,876

35,000

Merck & Co Inc

.450

06/24/50

20,517

230,000

Merck & Co Inc

.750

12/10/51

141,650

50,000

Merck & Co Inc

.700

09/15/55

50,196

50,000

Merck & Co Inc

.550

12/04/55

49,126

70,000

Microchip Technology Inc

.050

02/15/30

71,631

110,000

Micron Technology Inc

.300

01/15/31

114,249

50,000

Micron Technology Inc

.650

11/01/32

52,778

60,000

Micron Technology Inc

.800

01/15/35

63,585

20,000

Microsoft Corp

.400

09/15/26

19,962

40,000

Microsoft Corp

.300

02/06/27

39,870

10,000

(a) Microsoft Corp

.500

02/12/35

9,365

211,000

Microsoft Corp

.450

08/08/36

191,129

60,000

Microsoft Corp

.750

02/12/45

49,181

60,000

Microsoft Corp

.700

08/08/46

47,672

566,000

Microsoft Corp

.921

03/17/52

368,679

80,000

Mohawk Industries Inc

.850

09/18/28

83,401

100,000

Mondelez International Inc

.750

02/20/29

102,024

50,000

Mondelez International Inc

.750

08/28/34

49,749

10,000

Mondelez International Inc

.625

09/04/50

5,987

20,000

Moody's Corp

.000

08/19/31

17,790

20,000

Moody's Corp

.250

07/15/44

19,497

110,000

Moody's Corp

.750

02/25/52

82,202

10,000

Mosaic Co/The

.050

11/15/27

10,005

50,000

Mosaic Co/The

.375

11/15/28

51,583

13,000

Mosaic Co/The

.450

11/15/33

13,368

50,000

Motorola Solutions Inc

.850

08/15/30

50,987

120,000

Motorola Solutions Inc

.750

05/24/31

110,219

370,000

MPLX LP

.650

08/15/30

342,950

10,000

MPLX LP

.950

09/01/32

10,074

21,000

MPLX LP

.500

04/15/38

19,131

210,000

MPLX LP

.950

03/14/52

177,143

10,000

Mylan Inc

.400

11/29/43

8,690

20,000

National Fuel Gas Co

.500

10/01/26

20,183

10,000

National Fuel Gas Co

.950

09/15/27

9,966

60,000

National Fuel Gas Co

.500

03/15/30

62,062

30,000

NetApp Inc

.375

06/22/27

29,348

45,000

NIKE Inc

.850

03/27/30

42,940

25,000

NIKE Inc

.875

11/01/45

20,106

50,000

Nordson Corp

.500

12/15/29

50,372

15,000

Norfolk Southern Corp

.942

11/01/47

11,830

30,000

Norfolk Southern Corp

.550

06/01/53

25,395

60,000

NOV Inc

.950

12/01/42

47,298

200,000

Novartis Capital Corp

.200

08/14/30

185,078

150,000

Novartis Capital Corp

.400

05/06/44

133,190

50,000

Novartis Capital Corp

.200

11/05/45

48,650

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

20,000

Novartis Capital Corp

.750

%

08/14/50

$

12,775

100,000

Nutrien Ltd

.200

04/01/29

99,967

110,000

Nutrien Ltd

.250

03/12/32

113,778

10,000

NVIDIA Corp

.200

09/16/26

9,970

80,000

NVIDIA Corp

.000

06/15/31

72,078

142,000

NVIDIA Corp

.500

04/01/40

119,751

30,000

NVR Inc

.000

05/15/30

28,496

10,000

NXP BV / NXP Funding LLC / NXP USA Inc

.150

05/01/27

9,890

132,000

NXP BV / NXP Funding LLC / NXP USA Inc

.500

05/11/31

119,439

110,000

NXP BV / NXP Funding LLC / NXP USA Inc

.650

02/15/32

98,664

223,000

ONEOK Inc

.550

07/15/28

224,975

39,000

ONEOK Inc

.350

03/15/29

39,140

70,000

ONEOK Inc

.650

09/01/34

72,154

70,000

ONEOK Inc

.450

09/01/49

56,700

65,000

ONEOK Inc

.500

03/15/50

52,774

170,000

ONEOK Inc

.150

01/15/51

189,178

70,000

ONEOK Inc

.700

11/01/54

65,407

70,000

Oracle Corp

.800

04/01/27

68,831

20,000

Oracle Corp

.650

05/06/30

19,795

100,000

Oracle Corp

.450

09/26/30

97,610

120,000

Oracle Corp

.900

02/06/33

115,604

690,000

Oracle Corp

.300

07/08/34

623,107

50,000

Oracle Corp

.700

09/27/34

46,409

110,000

Oracle Corp

.200

09/26/35

104,830

80,000

Oracle Corp

.500

04/15/38

81,869

100,000

Oracle Corp

.125

07/08/39

98,825

10,000

Oracle Corp

.500

07/08/44

7,584

100,000

Oracle Corp

.875

09/26/45

89,909

70,000

Oracle Corp

.000

11/15/47

47,958

280,000

Oracle Corp

.900

11/09/52

274,672

20,000

Oracle Corp

.550

02/06/53

16,629

50,000

Oracle Corp

.375

09/27/54

40,173

50,000

Oracle Corp

.000

08/03/55

43,763

100,000

Oracle Corp

.950

09/26/55

88,177

130,000

Orange SA

.375

01/13/42

127,493

100,000

O'Reilly Automotive Inc

.900

06/01/29

99,233

30,000

O'Reilly Automotive Inc

.200

04/01/30

29,964

140,000

Otis Worldwide Corp

.112

02/15/40

109,972

2,000

Owens Corning

.400

08/15/26

1,992

70,000

Owens Corning

.875

06/01/30

68,671

50,000

PACCAR Financial Corp

.450

08/06/27

50,565

50,000

PACCAR Financial Corp

.550

03/03/28

50,838

50,000

PACCAR Financial Corp

.000

08/08/28

50,267

50,000

PACCAR Financial Corp

.000

11/07/28

50,279

50,000

PACCAR Financial Corp

.550

05/08/30

50,906

30,000

Paramount Global

.200

06/01/29

29,194

10,000

Paramount Global

.875

07/30/30

10,749

140,000

Paramount Global

.200

05/19/32

126,414

50,000

Paramount Global

.900

10/15/40

42,669

40,000

Paramount Global

.850

09/01/43

32,247

40,000

Paramount Global

.600

01/15/45

27,397

10,000

Parker-Hannifin Corp

.250

03/01/27

9,934

30,000

Parker-Hannifin Corp

.250

06/14/29

29,229

64,000

Parker-Hannifin Corp

.200

11/21/34

61,956

20,000

Parker-Hannifin Corp

.450

11/21/44

17,592

40,000

Parker-Hannifin Corp

.000

06/14/49

32,371

40,000

Patterson-UTI Energy Inc

.150

11/15/29

40,504

120,000

Paychex Inc

.100

04/15/30

123,432

10,000

PayPal Holdings Inc

.900

06/01/27

10,018

170,000

PayPal Holdings Inc

.850

10/01/29

162,995

80,000

PayPal Holdings Inc

.100

04/01/35

81,055

100,000

Phillips 66

.900

03/15/28

99,802

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

40,000

Phillips 66 Co

.550

%

10/01/26

$

39,903

223,000

Phillips 66 Co

.680

02/15/45

189,564

150,000

Plains All American Pipeline LP / PAA Finance Corp

.700

09/15/34

154,685

50,000

Plains All American Pipeline LP / PAA Finance Corp

.600

01/15/36

50,729

50,000

Polaris Inc

.600

03/01/31

50,773

20,000

PPG Industries Inc

.750

03/15/28

19,943

50,000

PPG Industries Inc

.375

03/15/31

49,850

260,000

Procter & Gamble Co/The

.000

03/25/30

250,692

80,000

Procter & Gamble Co/The

.200

10/29/30

70,503

10,000

Procter & Gamble Co/The

.050

01/26/33

9,953

60,000

Procter & Gamble Co/The

.600

05/01/35

60,539

11,000

PulteGroup Inc

.000

01/15/27

11,072

50,000

PVH Corp

.500

06/13/30

50,819

20,000

Qorvo Inc

.375

10/15/29

19,689

10,000

QUALCOMM Inc

.300

05/20/28

9,468

230,000

QUALCOMM Inc

.650

05/20/32

196,217

50,000

QUALCOMM Inc

.250

05/20/32

49,900

60,000

QUALCOMM Inc

.750

05/20/32

61,167

30,000

QUALCOMM Inc

.650

05/20/35

30,002

20,000

QUALCOMM Inc

.800

05/20/45

18,224

30,000

Quanta Services Inc

.900

10/01/30

28,122

50,000

Quanta Services Inc

.500

01/15/31

50,075

10,000

Quanta Services Inc

.350

01/15/32

8,853

70,000

Quanta Services Inc

.250

08/09/34

71,659

50,000

Quest Diagnostics Inc

.450

06/01/26

49,900

10,000

Quest Diagnostics Inc

.950

06/30/30

9,470

60,000

Quest Diagnostics Inc

.000

12/15/34

60,526

60,000

Ralph Lauren Corp

.000

06/15/32

61,764

90,000

Regal Rexnord Corp

.300

02/15/30

95,424

50,000

Regeneron Pharmaceuticals Inc

.750

09/15/30

44,725

30,000

Regeneron Pharmaceuticals Inc

.800

09/15/50

18,383

30,000

RELX Capital Inc

.750

03/27/30

30,555

50,000

RELX Capital Inc

.750

05/20/32

50,717

10,000

Republic Services Inc

.375

11/15/27

9,939

70,000

Republic Services Inc

.950

05/15/28

70,146

68,000

Republic Services Inc

.300

03/01/30

63,366

80,000

Republic Services Inc

.450

02/15/31

69,882

20,000

Republic Services Inc

.700

05/15/41

21,027

10,000

Revvity Inc

.300

09/15/29

9,656

80,000

Revvity Inc

.250

09/15/31

70,651

70,000

Rockwell Automation Inc

.200

03/01/49

58,273

10,000

Rogers Communications Inc

.900

11/15/26

9,905

50,000

Rogers Communications Inc

.200

03/15/27

49,552

40,000

Rogers Communications Inc

.000

02/15/29

40,818

10,000

Rogers Communications Inc

.800

03/15/32

9,476

150,000

Rogers Communications Inc

.450

10/01/43

142,040

20,000

Rogers Communications Inc

.700

11/15/49

14,644

130,000

Roper Technologies Inc

.800

12/15/26

129,902

40,000

Ross Stores Inc

.875

04/15/31

35,289

110,000

Royalty Pharma PLC

.200

09/25/35

110,573

80,000

Royalty Pharma PLC

.900

09/02/54

79,554

55,000

RPM International Inc

.950

01/15/32

50,226

50,000

Ryder System Inc

.375

03/15/29

51,703

50,000

Ryder System Inc

.950

09/01/29

51,129

50,000

Ryder System Inc

.900

12/01/29

51,115

50,000

Ryder System Inc

.850

06/15/30

50,937

50,000

Ryder System Inc

.300

12/01/30

49,756

20,000

S&P Global Inc

.250

08/15/30

17,598

130,000

S&P Global Inc

.900

03/01/32

119,633

20,000

S&P Global Inc

.250

09/15/33

20,913

70,000

S&P Global Inc

.700

03/01/52

52,760

23,000

S&P Global Inc

.300

08/15/60

11,667

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

2,000

Sabine Pass Liquefaction LLC

.875

%

06/30/26

$

2,002

130,000

Sabine Pass Liquefaction LLC

.500

05/15/30

130,672

20,000

Salesforce Inc

.700

04/11/28

20,008

70,000

Salesforce Inc

.700

07/15/41

50,199

162,000

Salesforce Inc

.900

07/15/51

101,331

50,000

Sanofi SA

.800

11/03/28

50,024

20,000

Sherwin-Williams Co/The

.550

03/01/28

20,254

101,000

Sherwin-Williams Co/The

.950

08/15/29

97,149

82,000

Sherwin-Williams Co/The

.500

06/01/47

70,160

20,000

Skyworks Solutions Inc

.800

06/01/26

19,827

50,000

Smith & Nephew PLC

.032

10/14/30

45,001

10,000

Smith & Nephew PLC

.400

03/20/34

10,285

200,000

Smurfit Westrock Financing DAC

.185

01/15/36

201,619

60,000

Snap-on Inc

.100

05/01/50

40,695

30,000

Solventum Corp

.450

03/13/31

31,299

110,000

Solventum Corp

.600

03/23/34

114,371

70,000

Sonoco Products Co

.850

02/01/32

63,343

110,000

Stanley Black & Decker Inc

.000

05/15/32

99,964

20,000

Starbucks Corp

.250

03/12/30

18,494

50,000

Starbucks Corp

.800

05/15/30

51,066

20,000

Starbucks Corp

.550

11/15/30

18,529

110,000

Starbucks Corp

.000

02/14/32

101,601

120,000

Starbucks Corp

.800

02/15/33

121,338

20,000

Starbucks Corp

.450

08/15/49

16,736

50,000

Starbucks Corp

.500

11/15/50

35,412

100,000

Stryker Corp

.950

06/15/30

90,936

50,000

Stryker Corp

.625

09/11/34

49,540

50,000

Stryker Corp

.200

02/10/35

51,228

30,000

Stryker Corp

.100

04/01/43

25,295

230,000

Synopsys Inc

.150

04/01/35

233,140

10,000

Sysco Corp

.300

07/15/26

9,972

70,000

Sysco Corp

.250

07/15/27

69,389

70,000

Sysco Corp

.400

02/15/30

65,245

50,000

Sysco Corp

.000

01/17/34

53,833

30,000

Sysco Corp

.600

04/01/50

33,187

20,000

Takeda Pharmaceutical Co Ltd

.050

03/31/30

18,300

150,000

Takeda Pharmaceutical Co Ltd

.300

07/05/34

154,124

50,000

Takeda Pharmaceutical Co Ltd

.025

07/09/40

38,343

10,000

Takeda Pharmaceutical Co Ltd

.650

07/05/44

10,064

70,000

Takeda Pharmaceutical Co Ltd

.375

07/09/60

44,933

70,000

Takeda Pharmaceutical Co Ltd

.800

07/05/64

68,904

20,000

Take-Two Interactive Software Inc

.700

04/14/27

19,938

40,000

Take-Two Interactive Software Inc

.400

06/12/29

41,431

30,000

Tapestry Inc

.125

07/15/27

30,010

40,000

Tapestry Inc

.050

03/15/32

36,451

50,000

Targa Resources Corp

.350

01/15/29

50,244

75,000

Targa Resources Corp

.150

03/01/29

79,014

110,000

Targa Resources Corp

.500

03/30/34

120,297

10,000

Targa Resources Corp

.950

04/15/52

8,538

80,000

Targa Resources Corp

.125

05/15/55

79,992

80,000

Targa Resources Partners LP / Targa Resources Partners Finance

Corp

.000

01/15/28

80,104

1,000

Target Corp

.375

04/15/29

983

130,000

Target Corp

.350

02/15/30

121,819

60,000

Target Corp

.500

09/15/34

59,167

72,000

Target Corp

.500

10/15/37

81,149

19,000

Target Corp

.900

11/15/47

14,963

45,000

Target Corp

.950

01/15/52

28,907

30,000

TC PipeLines LP

.900

05/25/27

29,931

50,000

TD SYNNEX Corp

.100

04/12/34

52,784

40,000

Teledyne Technologies Inc

.250

04/01/28

38,601

50,000

TELUS Corp

.700

09/15/27

49,656

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

12,000

TELUS Corp

.600

%

11/16/48

$

10,190

10,000

Texas Eastern Transmission LP

.000

07/15/32

11,210

70,000

Texas Instruments Inc

.750

05/04/30

63,781

160,000

Texas Instruments Inc

.900

09/15/31

142,102

80,000

Texas Instruments Inc

.875

03/15/39

71,151

40,000

Texas Instruments Inc

.150

05/15/48

33,105

140,000

The Campbell's Company

.375

04/24/30

128,738

15,000

The Campbell's Company

.125

04/24/50

9,701

30,000

Timken Co/The

.125

04/01/32

28,790

90,000

TJX Cos Inc/The

.875

04/15/30

89,620

50,000

Toll Brothers Finance Corp

.800

11/01/29

49,299

100,000

Toyota Motor Corp

.186

06/30/27

100,591

50,000

Toyota Motor Corp

.450

06/30/30

50,540

160,000

Toyota Motor Credit Corp

.500

05/14/27

161,547

390,000

Toyota Motor Credit Corp

.800

05/15/30

399,223

50,000

TR Finance LLC

.350

05/15/26

49,880

20,000

Trane Technologies Financing Ltd

.800

03/21/29

19,925

70,000

Trane Technologies Financing Ltd

.250

03/03/33

72,814

50,000

Trane Technologies Financing Ltd

.100

06/13/34

51,231

50,000

TransCanada PipeLines Ltd

.100

04/15/30

49,464

100,000

TransCanada PipeLines Ltd

.625

03/01/34

97,653

100,000

TransCanada PipeLines Ltd

.200

10/15/37

106,790

140,000

Transcontinental Gas Pipe Line Co LLC

.250

05/15/30

134,555

50,000

(c) Transcontinental Gas Pipe Line Co LLC

.100

03/15/36

50,188

80,000

Transcontinental Gas Pipe Line Co LLC

.950

05/15/50

61,846

60,000

Trimble Inc

.100

03/15/33

64,157

40,000

Triton Container International Ltd / TAL International Container

Corp

.250

03/15/32

36,445

50,000

Triton Container International Ltd / TAL International Container

Corp

.150

02/15/33

49,771

160,000

TSMC Arizona Corp

.250

04/22/32

159,897

30,000

Tyco Electronics Group SA

.625

02/01/30

30,562

50,000

Tyco Electronics Group SA

.500

02/09/31

50,457

30,000

Tyco Electronics Group SA

.500

02/04/32

26,953

50,000

Uber Technologies Inc

.800

09/15/35

49,467

21,000

Unilever Capital Corp

.000

07/28/26

20,824

40,000

Unilever Capital Corp

.900

05/05/27

39,644

20,000

Unilever Capital Corp

.125

09/06/29

18,810

160,000

Unilever Capital Corp

.750

08/12/31

140,894

10,000

Unilever Capital Corp

.000

12/08/33

10,353

10,000

Union Pacific Corp

.150

02/05/27

9,841

50,000

Union Pacific Corp

.500

01/20/33

50,404

20,000

Union Pacific Corp

.375

02/01/35

17,997

20,000

Union Pacific Corp

.600

09/15/37

17,739

508,000

Union Pacific Corp

.550

08/15/39

432,528

50,000

Union Pacific Corp

.600

12/01/54

49,816

30,000

Union Pacific Corp

.875

02/01/55

22,584

10,000

Union Pacific Corp

.950

08/15/59

7,429

17,000

United Airlines 2024-1 Class A Pass Through Trust

.875

02/15/37

17,999

20,000

Valero Energy Corp

.150

09/15/27

19,425

130,000

Valero Energy Corp

.800

12/01/31

118,865

50,000

Valero Energy Corp

.625

06/15/37

55,153

40,000

Valmont Industries Inc

.250

10/01/54

37,356

30,000

VeriSign Inc

.750

07/15/27

30,004

110,000

Verisk Analytics Inc

.125

03/15/29

109,990

50,000

Verizon Communications Inc

.500

09/18/30

44,169

115,000

Verizon Communications Inc

.550

03/21/31

105,071

655,000

Verizon Communications Inc

.355

03/15/32

577,457

50,000

Verizon Communications Inc

.750

01/15/33

50,014

100,000

Verizon Communications Inc

.050

05/09/33

102,207

160,000

Verizon Communications Inc

.780

02/15/35

157,028

20,000

Verizon Communications Inc

.272

01/15/36

18,744

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

98,000

(c) Verizon Communications Inc

.401

%

07/02/37

$

98,872

10,000

Verizon Communications Inc

.812

03/15/39

9,473

122,000

Verizon Communications Inc

.850

09/03/41

87,771

50,000

Verizon Communications Inc

.850

11/01/42

39,983

50,000

Verizon Communications Inc

.750

11/30/45

49,691

50,000

Verizon Communications Inc

.500

03/16/47

48,002

80,000

Verizon Communications Inc

.000

03/22/50

60,772

380,000

Verizon Communications Inc

.875

03/01/52

281,167

50,000

Verizon Communications Inc

.875

11/30/55

49,356

30,000

Verizon Communications Inc

.987

10/30/56

17,802

30,000

Verizon Communications Inc

.700

03/22/61

20,217

100,000

Viatris Inc

.700

06/22/30

91,631

100,000

Viatris Inc

.850

06/22/40

76,989

50,000

Visa Inc

.050

04/15/30

46,368

20,000

Visa Inc

.100

02/15/31

17,430

171,000

(a) Visa Inc

.150

12/14/35

165,057

50,000

Visa Inc

.700

04/15/40

38,311

30,000

(a) Visa Inc

.000

08/15/50

16,228

120,000

VMware LLC

.400

08/15/26

118,429

20,000

VMware LLC

.700

05/15/30

20,338

20,000

VMware LLC

.200

08/15/31

17,806

20,000

Vodafone Group PLC

.250

11/30/32

21,832

95,000

Vodafone Group PLC

.150

02/27/37

103,512

10,000

Vodafone Group PLC

.000

05/30/38

9,898

50,000

Vodafone Group PLC

.750

06/28/54

48,592

10,000

Vodafone Group PLC

.750

02/10/63

9,564

75,000

Vodafone Group PLC

.875

06/28/64

73,050

50,000

Vulcan Materials Co

.900

04/01/27

50,009

50,000

Vulcan Materials Co

.700

12/01/54

49,764

150,000

Walt Disney Co/The

.200

01/13/28

145,968

300,000

Walt Disney Co/The

.650

01/13/31

280,837

200,000

Walt Disney Co/The

.500

05/13/40

166,534

200,000

Walt Disney Co/The

.600

01/13/51

148,638

110,000

Waste Connections Inc

.200

01/15/32

97,358

20,000

Waste Connections Inc

.200

01/15/33

19,552

50,000

Waste Management Inc

.650

03/15/30

50,996

10,000

Waste Management Inc

.500

03/15/31

8,742

120,000

Waste Management Inc

.150

04/15/32

118,891

122,000

Waste Management Inc

.875

02/15/34

124,797

40,000

(a) Western Digital Corp

.100

02/01/32

36,912

140,000

Western Midstream Operating LP

.150

04/01/33

147,960

50,000

Western Midstream Operating LP

.500

12/15/35

49,784

30,000

(a) Western Union Co/The

.200

11/17/36

31,323

60,000

Westinghouse Air Brake Technologies Corp

.900

05/29/30

61,317

60,000

Westinghouse Air Brake Technologies Corp

.611

03/11/34

62,753

40,000

Weyerhaeuser Co

.000

04/15/30

39,410

30,000

Weyerhaeuser Co

.375

03/15/32

34,142

40,000

Weyerhaeuser Co

.375

03/09/33

36,547

200,000

Williams Cos Inc/The

.600

03/15/31

183,062

50,000

Williams Cos Inc/The

.150

03/15/34

50,668

60,000

Williams Cos Inc/The

.300

09/30/35

60,867

60,000

Williams Cos Inc/The

.800

11/15/54

59,020

30,000

Williams Cos Inc/The

.000

03/15/55

30,403

50,000

Williams Cos Inc/The

.950

03/15/56

50,014

70,000

Workday Inc

.700

04/01/29

69,062

90,000

WRKCo Inc

.000

03/15/28

90,056

10,000

WRKCo Inc

.000

06/15/33

8,913

50,000

WW Grainger Inc

.450

09/15/34

49,398

10,000

WW Grainger Inc

.600

06/15/45

9,028

60,000

Xilinx Inc

.375

06/01/30

55,781

31,000

(a) Xylem Inc/NY

.250

01/30/31

28,079

60,000

Zimmer Biomet Holdings Inc

.600

11/24/31

54,200

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

INDUSTRIAL

(continued)

86,000

Zoetis Inc

.900

%

08/20/28

$

85,987

9,000

Zoetis Inc

.000

05/15/30

8,241

20,000

Zoetis Inc

.600

11/16/32

21,204

50,000

Zoetis Inc

.000

08/17/35

50,342

TOTAL INDUSTRIAL

66,002,422

UTILITY - 2.3%

$

62,000

AEP Texas Inc

.150

05/01/49

47,625

30,000

AEP Texas Inc

.450

01/15/50

20,553

60,000

AES Corp/The

.800

03/15/32

62,027

50,000

Ameren Illinois Co

.950

06/01/33

50,974

50,000

Ameren Illinois Co

.625

03/01/55

49,952

50,000

American Electric Power Co Inc

.750

11/01/27

51,466

80,000

American Electric Power Co Inc

.200

01/15/29

82,453

90,000

American Electric Power Co Inc

.950

11/01/32

96,515

50,000

American Electric Power Co Inc

.800

03/15/56

50,010

120,000

American Water Capital Corp

.800

05/01/30

113,774

110,000

American Water Capital Corp

.300

06/01/31

99,415

50,000

American Water Capital Corp

.250

03/01/35

51,362

20,000

American Water Capital Corp

.750

09/01/47

15,304

20,000

American Water Capital Corp

.200

09/01/48

16,333

50,000

American Water Capital Corp

.450

03/01/54

48,538

25,000

American Water Capital Corp

.700

09/01/55

24,905

250,000

Appalachian Power Co

.400

05/15/44

210,167

10,000

Appalachian Power Co

.700

05/01/50

7,313

20,000

Atlantic City Electric Co

.300

03/15/31

18,160

40,000

Atmos Energy Corp

.625

09/15/29

38,139

90,000

Atmos Energy Corp

.900

11/15/33

97,269

30,000

Atmos Energy Corp

.125

10/15/44

25,318

110,000

Atmos Energy Corp

.850

02/15/52

68,652

10,000

Avista Corp

.350

06/01/48

8,259

30,000

Avista Corp

.000

04/01/52

22,547

100,000

Black Hills Corp

.950

03/15/28

103,652

10,000

CenterPoint Energy Houston Electric LLC

.200

10/01/28

10,315

100,000

CenterPoint Energy Houston Electric LLC

.000

03/01/32

92,128

140,000

CenterPoint Energy Houston Electric LLC

.150

03/01/34

143,248

10,000

CenterPoint Energy Houston Electric LLC

.550

08/01/42

7,946

110,000

CenterPoint Energy Inc

.450

06/01/26

109,046

10,000

CenterPoint Energy Inc

.000

02/15/55

10,484

12,000

CenterPoint Energy Resources Corp

.400

07/01/32

11,915

120,000

Cleveland Electric Illuminating Co/The

.950

12/15/36

125,289

121,000

Commonwealth Edison Co

.450

01/15/38

134,786

10,000

Commonwealth Edison Co

.000

03/01/48

7,969

110,000

Commonwealth Edison Co

.750

09/01/51

67,454

35,000

Commonwealth Edison Co

.950

06/01/55

36,152

130,000

Connecticut Light and Power Co/The

.050

07/01/31

115,962

10,000

Connecticut Light and Power Co/The

.000

04/01/48

7,961

50,000

Consolidated Edison Co of New York Inc

.400

06/15/31

45,693

10,000

Consolidated Edison Co of New York Inc

.200

03/01/33

10,340

30,000

Consolidated Edison Co of New York Inc

.375

05/15/34

31,049

124,000

Consolidated Edison Co of New York Inc

.500

12/01/39

126,825

7,000

Consolidated Edison Co of New York Inc

.850

06/15/46

5,476

172,000

Consolidated Edison Co of New York Inc

.650

12/01/48

148,923

30,000

Consolidated Edison Co of New York Inc

.950

04/01/50

23,315

10,000

Consolidated Edison Co of New York Inc

.900

11/15/53

10,189

70,000

Consolidated Edison Co of New York Inc

.300

12/01/56

54,908

20,000

Consolidated Edison Co of New York Inc

.500

05/15/58

16,299

10,000

Consolidated Edison Co of New York Inc

.700

11/15/59

6,960

41,000

Consolidated Edison Co of New York Inc

.000

12/01/60

24,103

110,000

Consumers Energy Co

.800

11/15/28

109,703

100,000

Consumers Energy Co

.900

02/15/29

102,577

110,000

Consumers Energy Co

.500

08/01/51

79,535

25,000

DTE Electric Co

.250

05/14/27

25,177

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

136,000

DTE Energy Co

.950

%

03/01/30

$

128,898

10,000

DTE Energy Co

.850

06/01/34

10,632

10,000

Duke Energy Florida LLC

.200

01/15/27

9,954

142,000

Duke Energy Florida LLC

.400

12/15/31

128,225

10,000

Duke Energy Florida LLC

.875

11/15/33

10,745

67,000

Duke Energy Florida LLC

.350

09/15/37

74,183

260,000

Duke Energy Florida LLC

.950

11/15/52

269,114

20,000

Duke Energy Indiana LLC

.250

10/01/49

13,770

10,000

Duke Energy Ohio Inc

.650

02/01/29

9,909

20,000

Edison International

.750

06/15/27

20,348

10,000

Edison International

.125

03/15/28

9,935

50,000

Edison International

.450

06/15/29

51,051

102,000

Emera US Finance LP

.750

06/15/46

87,231

131,000

Entergy Texas Inc

.250

04/15/35

133,805

10,000

Entergy Texas Inc

.550

09/30/49

7,180

110,000

Essential Utilities Inc

.400

05/01/31

99,574

20,000

Essential Utilities Inc

.375

01/15/34

20,584

50,000

Essential Utilities Inc

.250

08/15/35

50,748

20,000

Essential Utilities Inc

.351

04/15/50

13,822

52,000

Eversource Energy

.650

08/15/30

46,019

50,000

Eversource Energy

.850

04/15/31

52,757

21,000

Eversource Energy

.125

05/15/33

21,200

40,000

Eversource Energy

.500

01/01/34

41,149

120,000

Exelon Corp

.750

03/15/27

118,457

10,000

Exelon Corp

.050

04/15/30

9,907

70,000

Exelon Corp

.950

06/15/35

69,506

20,000

Exelon Corp

.100

06/15/45

18,436

90,000

Exelon Corp

.450

04/15/46

75,651

40,000

Exelon Corp

.700

04/15/50

34,113

20,000

Exelon Corp

.600

03/15/53

19,360

10,000

FirstEnergy Corp

.850

07/15/47

8,847

50,000

(c) FirstEnergy Transmission LLC

.750

01/15/33

49,838

40,000

FirstEnergy Transmission LLC

.000

01/15/35

39,992

50,000

Idaho Power Co

.800

04/01/54

50,816

48,000

Interstate Power and Light Co

.600

04/01/29

47,208

50,000

Interstate Power and Light Co

.600

10/01/55

48,585

70,000

IPALCO Enterprises Inc

.250

05/01/30

68,611

10,000

IPALCO Enterprises Inc

.750

04/01/34

10,194

50,000

Louisville Gas and Electric Co

.850

08/15/55

50,672

170,000

MidAmerican Energy Co

.750

11/01/35

181,294

40,000

MidAmerican Energy Co

.150

04/15/50

26,997

10,000

National Grid PLC

.809

06/12/33

10,595

70,000

National Grid PLC

.418

01/11/34

72,218

10,000

National Rural Utilities Cooperative Finance Corp

.600

11/13/26

10,122

100,000

National Rural Utilities Cooperative Finance Corp

.750

02/07/28

101,520

40,000

National Rural Utilities Cooperative Finance Corp

.000

02/07/31

41,359

100,000

National Rural Utilities Cooperative Finance Corp

.750

04/15/32

90,847

100,000

National Rural Utilities Cooperative Finance Corp

.000

08/15/34

101,841

70,000

National Rural Utilities Cooperative Finance Corp

.300

03/15/49

58,456

10,000

NiSource Inc

.490

05/15/27

9,940

10,000

NiSource Inc

.250

03/30/28

10,253

46,000

NiSource Inc

.950

09/01/29

44,105

131,000

NiSource Inc

.600

05/01/30

127,461

30,000

NiSource Inc

.700

02/15/31

26,388

50,000

NiSource Inc

.350

04/01/34

51,519

40,000

NiSource Inc

.800

02/15/44

35,929

50,000

NiSource Inc

.375

05/15/47

41,452

50,000

NSTAR Electric Co

.200

05/15/27

49,634

110,000

NSTAR Electric Co

.950

04/01/30

108,837

62,000

NSTAR Electric Co

.500

03/15/40

62,550

50,000

OGE Energy Corp

.450

05/15/29

51,780

90,000

Oklahoma Gas and Electric Co

.150

04/01/47

73,957

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

10,000

Oklahoma Gas and Electric Co

.800

%

04/01/55

$

10,090

20,000

Oncor Electric Delivery Co LLC

.750

05/15/30

18,903

60,000

Oncor Electric Delivery Co LLC

.000

05/01/32

67,643

87,000

Oncor Electric Delivery Co LLC

.500

09/01/38

104,383

200,000

Oncor Electric Delivery Co LLC

.950

09/15/52

177,919

60,000

ONE Gas Inc

.100

04/01/29

61,775

30,000

ONE Gas Inc

.250

09/01/32

29,558

20,000

ONE Gas Inc

.500

11/01/48

17,243

40,000

PECO Energy Co

.900

06/15/33

40,788

190,000

PECO Energy Co

.600

05/15/52

162,151

76,000

Potomac Electric Power Co

.500

11/15/37

84,895

50,000

PPL Capital Funding Inc

.250

09/01/34

50,989

20,000

PPL Electric Utilities Corp

.850

02/15/34

20,160

110,000

PPL Electric Utilities Corp

.150

10/01/45

91,976

10,000

PPL Electric Utilities Corp

.250

05/15/53

9,543

50,000

Public Service Co of Colorado

.350

05/15/34

51,345

18,000

Public Service Co of Colorado

.500

08/01/38

19,926

200,000

Public Service Co of Colorado

.100

06/15/48

159,241

50,000

Public Service Co of New Hampshire

.200

06/15/31

44,908

10,000

Public Service Co of New Hampshire

.350

10/01/33

10,394

20,000

Public Service Co of Oklahoma

.200

08/15/31

17,732

10,000

Public Service Electric and Gas Co

.250

09/15/26

9,907

10,000

Public Service Electric and Gas Co

.450

01/15/30

9,391

70,000

Public Service Electric and Gas Co

.900

08/15/31

61,825

140,000

Public Service Electric and Gas Co

.800

05/01/37

149,792

20,000

Public Service Electric and Gas Co

.050

08/01/50

10,768

90,000

Public Service Electric and Gas Co

.450

03/01/54

87,870

50,000

Public Service Electric and Gas Co

.625

01/01/56

50,074

120,000

Puget Energy Inc

.224

03/15/32

115,310

10,000

Puget Sound Energy Inc

.330

06/15/34

10,279

10,000

Puget Sound Energy Inc

.757

10/01/39

10,423

30,000

Puget Sound Energy Inc

.638

04/15/41

30,051

50,000

Puget Sound Energy Inc

.598

09/15/55

48,658

100,000

San Diego Gas & Electric Co

.400

04/15/35

103,120

43,000

San Diego Gas & Electric Co

.150

05/15/48

34,471

10,000

San Diego Gas & Electric Co

.100

06/15/49

7,901

30,000

San Diego Gas & Electric Co

.350

04/01/53

28,282

30,000

Sempra

.500

08/01/33

31,227

134,000

Sempra

.000

10/15/39

138,668

110,000

Sempra

.000

02/01/48

84,215

180,000

Southern California Edison Co

.700

06/01/27

181,380

50,000

Southern California Edison Co

.250

03/15/30

51,343

10,000

Southern California Edison Co

.950

11/01/32

10,608

50,000

Southern California Edison Co

.200

06/01/34

50,051

30,000

Southern California Edison Co

.350

07/15/35

30,015

60,000

Southern California Edison Co

.500

09/01/40

52,351

50,000

Southern California Edison Co

.600

02/01/45

36,000

10,000

Southern California Edison Co

.125

03/01/48

7,657

90,000

Southern California Edison Co

.875

03/01/49

76,126

10,000

Southern California Edison Co

.650

02/01/50

6,982

210,000

Southern California Edison Co

.450

06/01/52

190,006

10,000

Southern California Gas Co

.600

06/15/26

9,951

40,000

Southern California Gas Co

.550

02/01/30

37,701

60,000

Southern California Gas Co

.450

06/15/35

62,272

40,000

Southern California Gas Co

.300

01/15/49

32,596

170,000

Southern California Gas Co

.750

06/01/53

169,160

50,000

Southern Power Co

.250

10/01/30

49,872

50,000

Southern Power Co

.900

10/01/35

49,126

20,000

Southwest Gas Corp

.800

12/01/27

20,582

10,000

Southwest Gas Corp

.700

04/01/28

9,931

40,000

Southwest Gas Corp

.200

06/15/30

36,537

20,000

Southwest Gas Corp

.800

09/29/46

15,255

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

300,000

Southwestern Electric Power Co

.250

%

11/01/51

$

197,367

50,000

Southwestern Public Service Co

.300

05/15/35

50,958

126,000

Southwestern Public Service Co

.500

08/15/41

111,471

23,000

Southwestern Public Service Co

.400

11/15/48

18,808

10,000

Southwestern Public Service Co

.150

05/01/50

6,575

30,000

Spire Missouri Inc

.800

02/15/33

30,219

10,000

Spire Missouri Inc

.150

08/15/34

10,208

50,000

Tampa Electric Co

.000

07/15/52

45,197

50,000

Tucson Electric Power Co

.250

05/15/32

46,457

40,000

Tucson Electric Power Co

.000

06/15/50

30,862

50,000

Tucson Electric Power Co

.250

05/01/51

33,563

30,000

Washington Gas Light Co

.796

09/15/46

23,224

42,000

WEC Energy Group Inc

.600

09/12/26

42,364

100,000

WEC Energy Group Inc

.200

12/15/28

95,215

20,000

Wisconsin Power and Light Co

.950

09/16/31

17,511

50,000

Wisconsin Power and Light Co

.950

04/01/33

50,667

50,000

Wisconsin Power and Light Co

.700

12/15/55

49,360

88,000

Wisconsin Public Service Corp

.671

12/01/42

70,173

40,000

Xcel Energy Inc

.500

03/15/34

41,186

TOTAL UTILITY

11,033,170

TOTAL CORPORATE DEBT

(Cost $119,614,377)

116,677,694

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT RELATED - 4.2%

GOVERNMENT AGENCY - 1.2%

20,000

Equinor ASA

.000

04/06/27

19,855

10,000

Equinor ASA

.625

09/10/28

9,983

227,000

Equinor ASA

.125

04/06/30

218,530

10,000

Equinor ASA

.625

04/06/40

8,464

30,000

Equinor ASA

.100

08/17/40

29,668

20,000

Equinor ASA

.250

11/23/41

17,655

62,000

Equinor ASA

.950

05/15/43

51,976

30,000

Equinor ASA

.250

11/18/49

20,997

30,000

Equinor ASA

.700

04/06/50

22,730

180,000

Export Development Canada

.375

06/29/26

180,401

70,000

Export Development Canada

.875

02/14/28

70,332

175,000

Export Development Canada

.125

02/13/29

177,290

40,000

Export Development Canada

.000

06/20/30

40,344

30,000

Export Development Canada

.750

06/05/34

31,182

310,000

Federal National Mortgage Association

.875

09/24/26

306,510

10,000

Federal National Mortgage Association

.250

05/15/30

11,370

429,000

Federal National Mortgage Association

.625

07/15/37

470,191

50,000

Industrial & Commercial Bank of China Ltd/New York NY

.538

11/08/27

49,710

10,000

Israel Government AID Bond

.500

09/18/33

10,805

100,000

Japan International Cooperation Agency

.750

04/27/27

98,567

100,000

Japan International Cooperation Agency

.000

05/23/28

100,389

30,000

Korea Development Bank/The

.375

04/25/27

29,130

200,000

Korea Development Bank/The

.625

02/03/28

203,187

180,000

Korea Development Bank/The

.375

02/15/28

181,911

200,000

Korea Development Bank/The

.375

10/23/28

208,164

120,000

Kreditanstalt fuer Wiederaufbau

.625

08/07/26

120,574

442,000

Kreditanstalt fuer Wiederaufbau

.000

05/20/27

438,786

135,000

Kreditanstalt fuer Wiederaufbau

.000

06/28/27

135,824

60,000

Kreditanstalt fuer Wiederaufbau

.500

08/27/27

59,948

270,000

Kreditanstalt fuer Wiederaufbau

.875

05/15/28

271,830

50,000

Kreditanstalt fuer Wiederaufbau

.500

08/09/28

49,912

135,000

Kreditanstalt fuer Wiederaufbau

.625

03/18/30

139,584

200,000

Kreditanstalt fuer Wiederaufbau

.750

07/15/30

199,874

100,000

Kreditanstalt fuer Wiederaufbau

.750

10/29/30

104,058

110,000

Kreditanstalt fuer Wiederaufbau

.125

07/15/33

110,202

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT AGENCY

(continued)

$

195,000

Kreditanstalt fuer Wiederaufbau

.375

%

02/28/34

$

197,936

110,000

Landwirtschaftliche Rentenbank

.875

09/28/27

110,455

121,000

Landwirtschaftliche Rentenbank

.625

04/17/29

124,442

100,000

Landwirtschaftliche Rentenbank

.000

10/24/33

105,500

60,000

Oesterreichische Kontrollbank AG

.750

05/21/27

60,870

45,000

Oesterreichische Kontrollbank AG

.000

05/28/28

45,365

90,000

Oesterreichische Kontrollbank AG

.125

01/18/29

91,107

70,000

Oesterreichische Kontrollbank AG

.750

09/05/29

70,025

100,000

Oesterreichische Kontrollbank AG

.500

01/24/30

102,647

200,000

Svensk Exportkredit AB

.750

09/13/27

200,305

200,000

(a) Svensk Exportkredit AB

.750

07/29/30

198,974

TOTAL GOVERNMENT AGENCY

5,507,559

MUNICIPAL BONDS - 0.7%

160,000

Province of Alberta Canada

.300

03/15/28

158,565

50,000

Province of Alberta Canada

.500

06/26/29

51,124

40,000

Province of Alberta Canada

.300

07/22/30

35,721

50,000

Province of Alberta Canada

.500

01/24/34

50,377

50,000

Province of Alberta Canada

.300

11/02/35

49,077

150,000

Province of British Columbia Canada

.250

06/02/26

149,194

110,000

Province of British Columbia Canada

.900

07/20/26

108,535

100,000

Province of British Columbia Canada

.700

01/24/28

101,993

100,000

(a) Province of British Columbia Canada

.900

08/27/30

99,840

17,000

Province of British Columbia Canada

.300

01/29/31

14,947

85,000

Province of British Columbia Canada

.200

07/06/33

84,200

100,000

Province of British Columbia Canada

.750

06/12/34

102,219

110,000

Province of British Columbia Canada

.800

06/11/35

112,155

100,000

Province of Manitoba Canada

.500

10/25/28

94,147

100,000

Province of Manitoba Canada

.300

07/27/33

99,455

70,000

Province of New Brunswick Canada

.625

02/24/28

69,761

260,000

Province of Ontario Canada

.100

05/19/27

258,222

23,000

Province of Ontario Canada

.050

05/21/27

22,248

150,000

Province of Ontario Canada

.200

01/18/29

151,966

100,000

Province of Ontario Canada

.700

09/17/29

99,690

100,000

Province of Ontario Canada

.700

01/15/30

103,077

150,000

Province of Ontario Canada

.800

10/14/31

132,722

100,000

Province of Ontario Canada

.125

01/21/32

89,363

200,000

Province of Ontario Canada

.450

11/20/35

198,493

305,000

Province of Quebec Canada

.500

04/20/26

304,114

70,000

Province of Quebec Canada

.750

04/12/27

69,223

140,000

Province of Quebec Canada

.500

04/03/29

143,036

150,000

Province of Quebec Canada

.875

01/14/31

149,304

100,000

Province of Quebec Canada

.500

09/08/33

100,915

50,000

Province of Quebec Canada

.250

09/05/34

49,241

100,000

Province of Quebec Canada

.625

08/28/35

100,541

50,000

Province of Saskatchewan Canada

.650

01/28/30

51,360

TOTAL MUNICIPAL BONDS

3,404,825

SOVEREIGN DEBT - 2.3%

110,000

African Development Bank

.875

07/22/26

108,542

100,000

African Development Bank

.500

09/18/29

99,269

50,000

African Development Bank

.000

03/18/30

50,418

50,000

African Development Bank

.125

01/22/36

49,206

250,000

Asian Development Bank

.500

01/20/27

244,742

25,000

Asian Development Bank

.375

01/14/28

25,381

120,000

Asian Development Bank

.500

08/25/28

122,570

100,000

(a) Asian Development Bank

.375

03/06/29

102,099

100,000

Asian Development Bank

.875

03/15/29

94,803

130,000

Asian Development Bank

.625

08/28/29

129,728

75,000

Asian Development Bank

.500

03/04/31

66,915

110,000

Asian Development Bank

.125

04/27/32

104,778

110,000

Asian Development Bank

.125

01/12/34

109,754

50,000

Asian Development Bank

.250

01/14/36

49,844

210,000

Canada Government International Bond

.750

04/26/28

210,798

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOVEREIGN DEBT

(continued)

$

35,000

Canada Government International Bond

.000

%

03/18/30

$

35,360

140,000

Chile Government International Bond

.240

02/06/28

137,606

180,000

Chile Government International Bond

.450

01/31/31

164,295

140,000

Chile Government International Bond

.950

01/05/36

140,763

270,000

Chile Government International Bond

.250

09/21/71

166,901

50,000

Council Of Europe Development Bank

.875

09/22/26

49,116

100,000

Council Of Europe Development Bank

.625

06/11/27

101,181

50,000

Council Of Europe Development Bank

.625

05/08/28

50,013

50,000

Council Of Europe Development Bank

.500

01/15/30

51,329

100,000

European Bank for Reconstruction & Development

.375

03/09/28

101,529

70,000

European Bank for Reconstruction & Development

.250

03/13/34

70,322

190,000

European Investment Bank

.750

10/26/26

185,872

312,000

European Investment Bank

.375

03/15/27

304,385

100,000

European Investment Bank

.500

10/16/28

102,246

225,000

European Investment Bank

.000

02/15/29

227,313

100,000

European Investment Bank

.750

06/15/29

103,389

30,000

European Investment Bank

.750

11/15/29

30,039

25,000

European Investment Bank

.500

03/14/30

25,717

170,000

European Investment Bank

.625

07/15/30

168,854

60,000

European Investment Bank

.875

10/15/30

60,156

100,000

European Investment Bank

.750

03/13/31

99,478

100,000

European Investment Bank

.375

10/10/31

102,329

85,000

European Investment Bank

.125

02/13/34

84,850

84,000

Hungary Government International Bond

.625

03/29/41

97,628

190,000

Indonesia Government International Bond

.550

01/11/28

191,894

70,000

Indonesia Government International Bond

.850

01/11/33

70,249

200,000

Indonesia Government International Bond

.600

01/15/35

209,219

280,000

Indonesia Government International Bond

.650

01/11/53

276,595

130,000

Inter-American Development Bank

.500

01/13/27

126,944

90,000

Inter-American Development Bank

.375

02/01/27

90,640

120,000

Inter-American Development Bank

.000

01/12/28

120,901

110,000

Inter-American Development Bank

.125

07/20/28

103,574

50,000

Inter-American Development Bank

.500

02/15/30

51,414

50,000

Inter-American Development Bank

.750

06/14/30

49,968

100,000

Inter-American Development Bank

.375

07/16/35

100,686

240,000

Inter-American Development Bank

.875

10/28/41

214,096

630,000

International Bank for Reconstruction & Development

.500

11/22/27

618,168

36,000

International Bank for Reconstruction & Development

.625

05/05/28

36,023

100,000

International Bank for Reconstruction & Development

.625

08/01/28

102,398

128,000

International Bank for Reconstruction & Development

.000

07/25/30

128,985

100,000

International Bank for Reconstruction & Development

.500

10/28/30

98,635

95,000

International Bank for Reconstruction & Development

.000

01/10/31

95,647

100,000

International Bank for Reconstruction & Development

.500

04/10/31

102,925

100,000

International Bank for Reconstruction & Development

.625

11/03/31

88,178

75,000

International Bank for Reconstruction & Development

.625

01/15/32

77,648

112,000

International Bank for Reconstruction & Development

.500

03/29/32

103,088

50,000

International Bank for Reconstruction & Development

.000

05/06/32

50,045

100,000

(a) International Bank for Reconstruction & Development

.750

11/14/33

103,965

45,000

International Bank for Reconstruction & Development

.875

08/28/34

43,881

115,000

International Bank for Reconstruction & Development

.375

08/27/35

115,928

35,000

International Finance Corp

.375

01/15/27

35,233

30,000

International Finance Corp

.500

01/21/28

30,508

150,000

International Finance Corp

.500

01/22/29

149,419

180,000

Israel Government International Bond

.750

07/03/30

167,441

41,000

Israel Government International Bond

.625

02/19/35

42,383

280,000

Israel Government International Bond

.875

07/03/50

204,416

30,000

Korea International Bond

.750

01/19/27

29,731

30,000

Korea International Bond

.500

06/19/29

28,791

120,000

Korea International Bond

.000

09/16/30

105,484

70,000

Korea International Bond

.750

10/15/31

62,293

200,000

Nordic Investment Bank

.750

05/09/30

199,672

40,000

Panama Government International Bond

.160

01/23/30

37,472

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOVEREIGN DEBT

(continued)

$

10,000

Panama Government International Bond

.298

%

01/19/33

$

8,740

80,000

(a) Panama Government International Bond

.875

01/31/36

85,916

200,000

Panama Government International Bond

.000

03/01/38

231,130

250,000

Panama Government International Bond

.500

05/15/47

194,675

90,000

Panama Government International Bond

.500

04/16/50

68,413

65,000

Peruvian Government International Bond

.000

01/15/34

56,368

85,000

Peruvian Government International Bond

.375

02/08/35

86,573

191,000

Peruvian Government International Bond

.550

03/14/37

209,852

96,000

Peruvian Government International Bond

.625

11/18/50

92,722

20,000

Peruvian Government International Bond

.550

03/10/51

13,836

50,000

Peruvian Government International Bond

.200

06/30/55

51,110

165,000

Republic of Italy Government International Bond

.875

10/17/29

158,583

200,000

Republic of Poland Government International Bond

.875

10/04/33

202,020

205,000

Republic of Poland Government International Bond

.125

09/18/34

207,934

130,000

Republic of Poland Government International Bond

.375

02/12/35

133,580

15,000

Uruguay Government International Bond

.375

01/23/31

15,142

114,000

Uruguay Government International Bond

.750

10/28/34

120,087

130,000

Uruguay Government International Bond

.442

02/14/37

134,108

200,000

Uruguay Government International Bond

.125

11/20/45

173,210

TOTAL SOVEREIGN DEBT

10,938,054

TOTAL GOVERNMENT RELATED

(Cost $20,306,292)

19,850,438

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 25.3%

150,000

American Express Credit Account Master Trust

.230

09/15/28

151,346

50,000

BA Credit Card Trust

.980

11/15/28

50,496

193,920

Bank 2019-BNK19

.926

08/15/61

186,482

93,615

BANK 2021-BNK34

.935

06/15/63

89,490

100,000

BANK 2021-BNK35

.067

06/15/64

94,864

55,000

BANK 2024-BNK48

.053

10/15/57

56,015

50,000

(d) BANK 2025-BNK49

.623

03/15/58

52,915

43,281

BANK5 2023-5YR4

.500

12/15/56

45,540

50,000

(d) BANK5 2024-5YR12

.902

12/15/57

52,652

45,000

BANK5 2024-5YR9

.614

08/15/57

46,875

50,000

BANK5 Trust 2024-5YR6

.225

05/15/57

52,718

357,562

BBCMS Mortgage Trust 2020-C6

.690

02/15/53

337,436

100,000

(d) BBCMS Mortgage Trust 2023-C21

.000

09/15/56

107,341

100,000

(d) BBCMS Mortgage Trust 2023-C22

.804

11/15/56

111,168

100,000

BBCMS Mortgage Trust 2024-C26

.829

05/15/57

107,182

50,000

BBCMS Mortgage Trust 2025-5C33

.839

03/15/58

52,648

50,000

BBCMS Mortgage Trust 2025-C32

.720

02/15/62

53,300

200,000

Benchmark 2021-B24 Mortgage Trust

.264

03/15/54

181,609

100,000

Benchmark 2021-B27 Mortgage Trust

.703

07/15/54

75,016

100,000

Benchmark 2021-B28 Mortgage Trust

.073

08/15/54

91,376

40,000

Benchmark 2024-V10 Mortgage Trust

.277

09/15/57

41,234

50,000

(d) Benchmark 2024-V11 Mortgage Trust

.909

11/15/57

52,608

35,000

Benchmark 2024-V12 Mortgage Trust

.738

12/15/57

36,689

90,000

(d) BMARK 2023-V4

.841

11/15/56

95,329

100,000

(d) BMO 2023-5C1 Mortgage Trust

.117

08/15/56

105,558

50,000

(d) BMO 2024-5C7 Mortgage Trust

.566

11/15/57

51,927

35,000

(d) BMO 2024-C10 Mortgage Trust

.478

11/15/57

36,536

90,000

(d) BMO 2024-C8 Mortgage Trust

.598

03/15/57

94,528

25,000

(d) BMO 2025-5C9 Mortgage Trust

.779

04/15/58

26,213

100,000

BMO Mortgage Trust

.180

10/15/58

102,812

50,000

Capital One Multi-Asset Execution Trust

.920

09/15/29

50,165

30,000

Capital One Prime Auto Receivables Trust 2024-1

.620

07/16/29

30,295

67,768

CarMax Auto Owner Trust 2022-1

.700

08/16/27

67,590

50,000

CarMax Auto Owner Trust 2024-4

.640

04/15/30

50,882

15,747

(c) Carvana Auto Receivables Trust 2022-N1

.130

12/11/28

15,645

50,000

Carvana Auto Receivables Trust 2024-P3

.310

09/10/30

50,369

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

100,000

Chase Issuance Trust

.160

%

07/15/30

$

100,975

180,000

Citigroup Commercial Mortgage Trust 2016-C1

.209

05/10/49

179,494

75,860

CNH Equipment Trust 2023-B

.600

02/15/29

77,089

50,000

CNH Equipment Trust 2024-C

.120

03/15/32

50,285

100,000

Drive Auto Receivables Trust 2025-2

.140

09/15/32

100,263

50,000

Exeter Automobile Receivables Trust 2024-4

.290

08/15/30

50,245

127,457

Fannie Mae Pool FN MA2941

.500

03/01/32

126,195

41,430

Fannie Mae Pool FN MA3392

.500

06/01/33

40,930

86,933

Fannie Mae Pool FN MA3490

.000

10/01/33

86,934

35,089

Fannie Mae Pool FN MA3828

.000

11/01/34

33,986

71,847

Fannie Mae Pool FN MA3865

.000

12/01/34

69,545

599,876

Fannie Mae Pool FN MA3956

.000

03/01/35

579,113

85,117

Fannie Mae Pool FN MA3957

.500

03/01/35

82,950

410,177

Fannie Mae Pool FN MA4074

.000

07/01/35

379,954

825,699

Fannie Mae Pool FN MA4075

.500

07/01/35

784,864

638,697

Fannie Mae Pool FN MA4123

.000

09/01/35

591,628

360,370

Fannie Mae Pool FN MA4180

.500

11/01/35

340,880

281,999

Fannie Mae Pool FN MA4228

.500

01/01/36

255,765

377,939

Fannie Mae Pool FN MA4278

.500

03/01/36

342,316

401,626

Fannie Mae Pool FN MA4298

.500

03/01/36

379,896

112,151

Fannie Mae Pool FN MA4302

.500

04/01/36

101,579

46,732

Fannie Mae Pool FN MA4316

.500

04/01/36

44,148

121,161

Fannie Mae Pool FN MA4330

.500

05/01/36

114,716

232,468

Fannie Mae Pool FN MA4359

.500

06/01/36

210,207

49,912

Fannie Mae Pool FN MA4361

.500

06/01/36

47,257

454,484

Fannie Mae Pool FN MA4383

.000

07/01/36

420,119

118,372

Fannie Mae Pool FN MA4402

.500

08/01/36

107,140

215,094

Fannie Mae Pool FN MA4516

.000

01/01/37

198,772

178,860

Fannie Mae Pool FN MA4535

.500

02/01/37

161,546

852,427

Fannie Mae Pool FN MA4536

.000

02/01/37

787,951

261,715

Fannie Mae Pool FN MA4566

.500

03/01/37

236,377

167,703

Fannie Mae Pool FN MA4602

.000

05/01/37

154,978

75,348

Fannie Mae Pool FN MA4604

.000

05/01/37

72,365

227,919

Fannie Mae Pool FN MA4629

.000

06/01/37

218,896

66,718

Fannie Mae Pool FN MA5042

.500

06/01/38

66,818

86,776

Fannie Mae Pool FN MA3890

.000

01/01/40

81,349

762,791

Fannie Mae Pool FN MA5772

.500

07/01/40

779,768

592,377

Fannie Mae Pool FN MA4268

.000

02/01/41

521,552

100,728

Fannie Mae Pool FN MA4310

.500

04/01/41

85,738

452,760

Fannie Mae Pool FN MA4334

.500

05/01/41

410,073

68,878

Fannie Mae Pool FN MA4364

.000

06/01/41

60,427

62,995

Fannie Mae Pool FN MA4366

.500

06/01/41

57,006

197,565

Fannie Mae Pool FN MA4387

.000

07/01/41

173,592

258,741

Fannie Mae Pool FN MA4423

.500

09/01/41

234,287

658,293

Fannie Mae Pool FN MA3143

.000

09/01/47

593,571

377,144

Fannie Mae Pool FN MA3120

.500

09/01/47

354,926

41,585

Fannie Mae Pool FN MA3182

.500

11/01/47

38,978

135,189

Fannie Mae Pool FN MA3358

.500

05/01/48

134,711

1,895,807

Fannie Mae Pool FN FM5665

.500

08/01/48

1,789,085

77,841

Fannie Mae Pool FN MA3536

.000

12/01/48

75,499

133,727

Fannie Mae Pool FN MA3574

.500

01/01/49

125,171

1,273,008

Fannie Mae Pool FN FM5488

.000

05/01/49

1,238,390

457,134

Fannie Mae Pool FN MA3692

.500

07/01/49

426,165

795,583

Fannie Mae Pool FN MA3774

.000

09/01/49

715,273

540,292

Fannie Mae Pool FN MA3905

.000

01/01/50

484,915

243,882

Fannie Mae Pool FN MA3991

.000

04/01/50

217,674

324,639

Fannie Mae Pool FN MA4019

.500

05/01/50

278,681

576,142

Fannie Mae Pool FN MA4077

.000

07/01/50

472,665

208,636

Fannie Mae Pool FN MA4078

.500

07/01/50

179,195

305,792

Fannie Mae Pool FN MA4079

.000

07/01/50

273,876

1,301,665

Fannie Mae Pool FN MA4097

.000

08/01/50

1,165,807

310,088

Fannie Mae Pool FN MA4120

.500

09/01/50

266,077

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

110,324

Fannie Mae Pool FN MA4121

.000

%

09/01/50

$

98,741

655,102

Fannie Mae Pool FN MA4158

.000

10/01/50

536,764

255,223

Fannie Mae Pool FN MA4159

.500

10/01/50

218,919

1,752,639

Fannie Mae Pool FN MA4182

.000

11/01/50

1,435,133

216,693

Fannie Mae Pool FN MA4183

.500

11/01/50

185,870

1,600,227

Fannie Mae Pool FN MA4208

.000

12/01/50

1,311,160

727,660

Fannie Mae Pool FN MA4254

.500

02/01/51

564,041

779,752

Fannie Mae Pool FN MA4255

.000

02/01/51

638,084

297,778

Fannie Mae Pool FN MA4304

.500

04/01/51

230,996

1,988,897

Fannie Mae Pool FN MA4305

.000

04/01/51

1,626,103

71,044

Fannie Mae Pool FN MA4337

.000

04/01/51

68,378

1,293,525

Fannie Mae Pool FN MA4325

.000

05/01/51

1,057,170

248,592

Fannie Mae Pool FN MA4327

.000

05/01/51

221,930

1,539,205

Fannie Mae Pool FN MA4355

.000

06/01/51

1,256,993

217,934

Fannie Mae Pool FN MA4356

.500

06/01/51

186,637

495,992

Fannie Mae Pool FN MA4357

.000

06/01/51

441,143

157,152

Fannie Mae Pool FN MA4377

.500

07/01/51

121,781

222,048

Fannie Mae Pool FN MA4378

.000

07/01/51

181,266

397,021

Fannie Mae Pool FN MA4397

.500

08/01/51

307,660

1,153,513

Fannie Mae Pool FN MA4398

.000

08/01/51

941,292

1,391,852

Fannie Mae Pool FN MA4437

.000

10/01/51

1,134,484

206,181

Fannie Mae Pool FN MA4438

.500

10/01/51

176,411

266,239

Fannie Mae Pool FN MA4439

.000

10/01/51

236,878

1,819,338

Fannie Mae Pool FN MA4465

.000

11/01/51

1,482,356

217,827

Fannie Mae Pool FN MA4466

.500

11/01/51

186,342

1,637,113

Fannie Mae Pool FN MA4492

.000

12/01/51

1,333,370

6,284,122

Fannie Mae Pool FN MA4493

.500

12/01/51

5,373,837

1,259,599

Fannie Mae Pool FN MA4511

.000

01/01/52

1,025,502

712,561

Fannie Mae Pool FN MA4512

.500

01/01/52

609,341

375,133

Fannie Mae Pool FN MA4513

.000

01/01/52

332,931

228,510

Fannie Mae Pool FN MA4547

.000

02/01/52

186,005

1,156,580

Fannie Mae Pool FN MA4549

.000

02/01/52

1,027,641

2,587,755

Fannie Mae Pool FN MA4563

.500

03/01/52

2,211,284

281,329

Fannie Mae Pool FN MA4564

.000

03/01/52

249,929

676,967

Fannie Mae Pool FN MA4565

.500

03/01/52

628,467

326,922

Fannie Mae Pool FN MA4577

.000

04/01/52

266,009

1,102,440

Fannie Mae Pool FN MA4578

.500

04/01/52

941,711

384,706

Fannie Mae Pool FN MA4579

.000

04/01/52

341,994

421,430

Fannie Mae Pool FN MA4600

.500

05/01/52

390,219

513,403

Fannie Mae Pool FN MA4644

.000

05/01/52

491,422

509,150

Fannie Mae Pool FN MA4623

.500

06/01/52

434,925

235,810

Fannie Mae Pool FN MA4625

.500

06/01/52

218,346

730,631

Fannie Mae Pool FN MA4684

.500

06/01/52

718,790

298,791

Fannie Mae Pool FN MA4686

.000

06/01/52

299,991

484,588

Fannie Mae Pool FN MA4653

.000

07/01/52

430,377

188,198

Fannie Mae Pool FN MA4654

.500

07/01/52

174,260

274,388

Fannie Mae Pool FN MA4655

.000

07/01/52

262,817

610,475

Fannie Mae Pool FN MA4656

.500

07/01/52

600,581

286,631

Fannie Mae Pool FN MA4709

.000

07/01/52

287,796

468,457

Fannie Mae Pool FN MA4699

.500

08/01/52

433,763

551,766

Fannie Mae Pool FN MA4700

.000

08/01/52

528,142

459,384

Fannie Mae Pool FN MA4701

.500

08/01/52

451,938

779,946

Fannie Mae Pool FN MA4737

.000

08/01/52

783,078

756,392

Fannie Mae Pool FN MA4738

.500

08/01/52

769,902

279,355

Fannie Mae Pool FN MA4731

.500

09/01/52

258,667

318,716

Fannie Mae Pool FN MA4732

.000

09/01/52

304,873

503,265

Fannie Mae Pool FN MA4781

.000

10/01/52

446,835

413,371

Fannie Mae Pool FN MA4782

.500

10/01/52

382,757

508,292

Fannie Mae Pool FN MA4783

.000

10/01/52

486,293

206,286

Fannie Mae Pool FN MA4804

.000

11/01/52

198,039

478,076

Fannie Mae Pool FN MA4805

.500

11/01/52

470,131

290,327

Fannie Mae Pool FN MA4807

.500

11/01/52

296,242

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

455,522

Fannie Mae Pool FN MA4847

.000

%

11/01/52

$

469,568

155,592

Fannie Mae Pool FN MA4852

.500

11/01/52

161,372

367,554

Fannie Mae Pool FN MA4842

.500

12/01/52

374,492

646,741

Fannie Mae Pool FN MA4894

.000

01/01/53

665,128

388,446

Fannie Mae Pool FN MA4895

.500

01/01/53

401,896

377,774

Fannie Mae Pool FN MA5027

.000

05/01/53

361,945

248,855

Fannie Mae Pool FN MA5008

.500

05/01/53

244,494

329,316

Fannie Mae Pool FN MA5009

.000

05/01/53

330,537

160,079

Fannie Mae Pool FN MA5012

.500

05/01/53

165,874

274,969

Fannie Mae Pool FN MA5038

.000

06/01/53

275,989

168,499

Fannie Mae Pool FN MA5071

.000

07/01/53

169,080

695,863

Fannie Mae Pool FN MA5106

.000

08/01/53

697,800

142,815

Fannie Mae Pool FN MA5108

.000

08/01/53

146,992

1,062,843

Fannie Mae Pool FN MA5165

.500

10/01/53

1,080,315

64,748

Fannie Mae Pool FN MA5166

.000

10/01/53

66,590

218,854

Fannie Mae Pool FN MA5190

.500

11/01/53

222,452

110,619

Fannie Mae Pool FN MA5192

.500

11/01/53

114,569

41,827

Fannie Mae Pool FN MA5193

.000

11/01/53

43,727

577,455

Fannie Mae Pool FN MA5216

.000

12/01/53

591,963

94,115

Fannie Mae Pool FN MA5217

.500

12/01/53

97,373

108,952

Fannie Mae Pool FN MA5218

.000

12/01/53

114,031

306,391

Fannie Mae Pool FN MA5263

.000

01/01/54

293,082

129,987

Fannie Mae Pool FN MA5247

.000

01/01/54

133,233

163,139

Fannie Mae Pool FN MA5271

.500

02/01/54

165,597

92,039

Fannie Mae Pool FN MA5273

.500

02/01/54

95,273

100,322

Fannie Mae Pool FN MA5295

.000

03/01/54

102,876

41,123

Fannie Mae Pool FN MA5298

.000

03/01/54

42,991

478,315

Fannie Mae Pool FN MA5326

.500

04/01/54

469,033

136,635

Fannie Mae Pool FN MA5329

.500

04/01/54

141,446

128,263

Fannie Mae Pool FN MA5342

.000

04/01/54

134,160

326,557

Fannie Mae Pool FN MA5353

.500

05/01/54

331,328

124,617

Fannie Mae Pool FN MA5388

.500

06/01/54

126,425

75,829

Fannie Mae Pool FN MA5389

.000

06/01/54

77,697

234,015

Fannie Mae Pool FN MA5390

.500

06/01/54

242,128

601,312

Fannie Mae Pool FN MA5419

.000

07/01/54

601,614

272,735

Fannie Mae Pool FN MA5421

.000

07/01/54

279,177

414,460

Fannie Mae Pool FN MA5444

.500

08/01/54

420,411

343,167

Fannie Mae Pool FN MA5445

.000

08/01/54

351,369

294,395

Fannie Mae Pool FN MA5446

.500

08/01/54

304,586

1,000,430

Fannie Mae Pool FN MA5471

.000

09/01/54

1,024,261

86,643

Fannie Mae Pool FN MA5472

.500

09/01/54

89,642

99,450

Fannie Mae Pool FN MA5496

.000

10/01/54

99,493

131,943

Fannie Mae Pool FN MA5499

.500

10/01/54

136,590

200,354

Fannie Mae Pool FN MA5529

.500

11/01/54

196,466

574,368

Fannie Mae Pool FN MA5530

.000

11/01/54

574,597

597,643

Fannie Mae Pool FN MA5552

.000

12/01/54

597,851

995,186

Fannie Mae Pool FN MA5553

.500

12/01/54

1,009,460

249,958

Fannie Mae Pool FN MA5675

.500

04/01/55

258,612

837,941

Fannie Mae Pool FN MA5700

.500

05/01/55

849,959

375,466

Fannie Mae Pool FN MA5701

.000

05/01/55

384,336

751,954

Fannie Mae Pool FN MA5761

.000

07/01/55

769,718

181,556

Fannie Mae Pool FN MA5762

.500

07/01/55

187,841

567,501

Fannie Mae Pool FN MA5792

.500

08/01/55

575,640

558,375

Fannie Mae Pool FN MA5793

.000

08/01/55

571,566

165,870

Fannie Mae Pool FN MA5795

.000

08/01/55

173,511

195,863

Fannie Mae Pool FN MA5821

.000

09/01/55

195,917

382,471

Fannie Mae Pool FN MA5822

.500

09/01/55

387,956

1,562,655

Fannie Mae Pool FN MA5823

.000

09/01/55

1,600,394

219,711

Fannie Mae Pool FN MA5824

.500

09/01/55

227,448

90,130

Fannie Mae Pool FN MA5825

.000

09/01/55

94,307

870,910

Fannie Mae Pool FN MA5853

.500

10/01/55

883,401

368,453

Fannie Mae Pool FN MA5855

.500

10/01/55

381,429

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

445,403

Fannie Mae Pool FN MA5878

.000

%

11/01/55

$

445,526

154,734

Fannie Mae Pool FN MA5943

.500

01/01/56

151,731

298,869

Fannie Mae Pool FN MA5945

.500

01/01/56

303,155

1,000,000

Fannie Mae Pool FN MA5971

.000

02/01/56

1,000,277

168,000

(d) Fannie Mae-Aces

.030

03/25/28

165,627

233,094

(d) Fannie Mae-Aces

.353

07/25/28

230,945

50,000

Ford Credit Auto Lease Trust 2024-B

.990

12/15/27

50,240

50,000

Ford Credit Auto Lease Trust 2025-B

.230

12/15/28

50,330

50,000

Ford Credit Auto Owner Trust 2024-A

.010

09/15/29

51,028

598,594

Freddie Mac Multifamily Structured Pass Through Certificates

.862

05/25/26

595,936

4,520

Freddie Mac Multifamily Structured Pass Through Certificates

.861

06/25/27

4,425

62,000

Freddie Mac Multifamily Structured Pass Through Certificates

.760

03/25/28

59,579

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

.770

05/25/28

95,627

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

.819

06/25/28

101,981

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.650

08/25/28

101,760

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.800

09/25/28

102,136

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.355

01/25/29

103,881

35,000

Freddie Mac Multifamily Structured Pass Through Certificates

.400

01/25/29

36,413

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.180

03/25/29

103,520

218,970

Freddie Mac Multifamily Structured Pass Through Certificates

.701

04/25/29

215,239

50,000

Freddie Mac Multifamily Structured Pass Through Certificates

.618

07/25/29

51,041

86,661

Freddie Mac Multifamily Structured Pass Through Certificates

.101

08/25/30

81,128

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

.400

10/25/30

101,354

89,966

Freddie Mac Multifamily Structured Pass Through Certificates

.353

11/25/30

84,946

50,000

Freddie Mac Multifamily Structured Pass Through Certificates

.203

02/25/31

52,405

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

.647

05/25/31

88,225

100,000

Freddie Mac Multifamily Structured Pass Through Certificates

.963

05/25/31

103,757

200,000

Freddie Mac Multifamily Structured Pass Through Certificates

.456

08/25/31

202,834

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.550

01/25/32

101,770

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.800

01/25/32

103,056

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.500

08/25/33

100,912

95,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.150

12/25/33

99,790

50,000

Freddie Mac Multifamily Structured Pass Through Certificates

.489

09/25/34

50,252

90,000

Freddie Mac Multifamily Structured Pass Through Certificates

.760

10/25/34

92,070

100,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.660

12/25/34

101,649

95,510

Freddie Mac Multifamily Structured Pass Through Certificates

.007

07/25/35

83,137

200,000

(d) Freddie Mac Multifamily Structured Pass Through Certificates

.600

09/25/35

201,437

600,392

Freddie Mac Pool FR SD3574

.000

11/01/48

546,520

79,477

Freddie Mac Pool FR SD8071

.500

06/01/50

78,623

210,947

Freddie Mac Pool FR SD8161

.500

08/01/51

180,450

931,826

Freddie Mac Pool FR SD8178

.500

11/01/51

797,140

217,448

Freddie Mac Pool FR SD8195

.000

02/01/52

193,207

323,293

Freddie Mac Pool FR SD5345

.500

04/01/52

275,705

201,939

Freddie Mac Pool FR SD8428

.000

05/01/54

193,004

361,042

Ginnie Mae II Pool G2 MA3663

.500

05/20/46

339,450

45,401

Ginnie Mae II Pool G2 MA5264

.000

06/20/48

43,685

52,682

Ginnie Mae II Pool G2 MA5398

.000

08/20/48

50,660

325,366

Ginnie Mae II Pool G2 MA6038

.000

07/20/49

295,360

152,598

Ginnie Mae II Pool G2 MA6283

.000

11/20/49

138,175

183,468

Ginnie Mae II Pool G2 MA6284

.500

11/20/49

171,073

597,628

Ginnie Mae II Pool G2 MA6338

.000

12/20/49

541,339

172,645

Ginnie Mae II Pool G2 MA6340

.000

12/20/49

165,446

183,559

Ginnie Mae II Pool G2 MA6410

.500

01/20/50

171,106

113,639

Ginnie Mae II Pool G2 MA6542

.500

03/20/50

105,965

58,914

Ginnie Mae II Pool G2 MA6600

.500

04/20/50

54,899

60,313

Ginnie Mae II Pool G2 MA6820

.000

08/20/50

54,574

602,459

Ginnie Mae II Pool G2 MA6864

.000

09/20/50

501,954

534,413

Ginnie Mae II Pool G2 MA6865

.500

09/20/50

463,673

64,248

Ginnie Mae II Pool G2 MA6931

.500

10/20/50

55,813

214,522

Ginnie Mae II Pool G2 MA6995

.500

11/20/50

186,059

382,961

Ginnie Mae II Pool G2 MA7051

.000

12/20/50

318,731

181,644

Ginnie Mae II Pool G2 MA7054

.500

12/20/50

168,984

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

355,944

Ginnie Mae II Pool G2 MA7136

.500

%

01/20/51

$

308,718

403,419

Ginnie Mae II Pool G2 MA7312

.500

04/20/51

349,662

446,893

Ginnie Mae II Pool G2 MA7367

.500

05/20/51

387,497

289,905

Ginnie Mae II Pool G2 MA7419

.000

06/20/51

261,957

645,235

Ginnie Mae II Pool G2 MA7472

.500

07/20/51

559,261

656,285

Ginnie Mae II Pool G2 MA7533

.000

08/20/51

546,198

197,321

Ginnie Mae II Pool G2 MA7534

.500

08/20/51

171,019

211,816

Ginnie Mae II Pool G2 MA7589

.500

09/20/51

183,581

231,368

Ginnie Mae II Pool G2 MA7648

.000

10/20/51

192,557

191,827

Ginnie Mae II Pool G2 MA7650

.000

10/20/51

173,350

649,568

Ginnie Mae II Pool G2 MA7704

.000

11/20/51

540,604

208,352

Ginnie Mae II Pool G2 MA7705

.500

11/20/51

180,578

320,823

Ginnie Mae II Pool G2 MA7767

.500

12/20/51

278,055

219,843

Ginnie Mae II Pool G2 MA7768

.000

12/20/51

198,883

447,586

Ginnie Mae II Pool G2 MA7826

.000

01/20/52

372,505

143,633

Ginnie Mae II Pool G2 MA7827

.500

01/20/52

124,486

1,179,716

Ginnie Mae II Pool G2 MA7882

.000

02/20/52

1,065,929

174,461

Ginnie Mae II Pool G2 MA7883

.500

02/20/52

161,350

1,269,602

Ginnie Mae II Pool G2 MA7935

.000

03/20/52

1,056,624

183,816

Ginnie Mae II Pool G2 MA7936

.500

03/20/52

159,313

354,321

Ginnie Mae II Pool G2 MA7937

.000

03/20/52

320,146

658,404

Ginnie Mae II Pool G2 MA7938

.500

03/20/52

611,265

164,756

Ginnie Mae II Pool G2 MA7939

.000

03/20/52

157,193

472,329

Ginnie Mae II Pool G2 MA8042

.500

05/20/52

409,365

173,652

Ginnie Mae II Pool G2 MA8044

.500

05/20/52

161,111

365,209

Ginnie Mae II Pool G2 MA8046

.500

05/20/52

359,563

632,615

Ginnie Mae II Pool G2 MA8100

.000

06/20/52

603,700

184,377

Ginnie Mae II Pool G2 MA8101

.500

06/20/52

181,498

348,706

Ginnie Mae II Pool G2 MA8102

.000

06/20/52

351,383

371,443

Ginnie Mae II Pool G2 MA8151

.500

07/20/52

365,586

152,916

Ginnie Mae II Pool G2 MA8200

.000

08/20/52

145,859

148,635

Ginnie Mae II Pool G2 MA8201

.500

08/20/52

146,291

144,525

Ginnie Mae II Pool G2 MA8202

.000

08/20/52

145,589

153,821

Ginnie Mae II Pool G2 MA8266

.500

09/20/52

142,807

170,127

Ginnie Mae II Pool G2 MA8267

.000

09/20/52

162,463

130,904

Ginnie Mae II Pool G2 MA8349

.500

10/20/52

133,543

329,569

Ginnie Mae II Pool G2 MA8428

.000

11/20/52

331,796

100,746

Ginnie Mae II Pool G2 MA8430

.000

11/20/52

103,829

223,240

Ginnie Mae II Pool G2 MA8487

.500

12/20/52

206,325

322,154

Ginnie Mae II Pool G2 MA8491

.500

12/20/52

328,335

98,622

Ginnie Mae II Pool G2 MA8492

.000

12/20/52

101,641

250,952

Ginnie Mae II Pool G2 MA8571

.000

01/20/53

258,531

107,759

Ginnie Mae II Pool G2 MA8572

.500

01/20/53

111,891

244,707

Ginnie Mae II Pool G2 MA8801

.500

04/20/53

249,593

164,710

Ginnie Mae II Pool G2 MA8876

.000

05/20/53

156,879

75,061

Ginnie Mae II Pool G2 MA8881

.500

05/20/53

77,767

189,166

Ginnie Mae II Pool G2 MA8946

.500

06/20/53

185,571

85,365

Ginnie Mae II Pool G2 MA9015

.500

07/20/53

83,795

217,948

Ginnie Mae II Pool G2 MA9106

.500

08/20/53

222,343

228,855

Ginnie Mae II Pool G2 MA9170

.000

09/20/53

229,779

142,511

Ginnie Mae II Pool G2 MA9171

.500

09/20/53

144,483

56,491

Ginnie Mae II Pool G2 MA9172

.000

09/20/53

58,015

30,784

Ginnie Mae II Pool G2 MA9244

.000

10/20/53

31,836

190,264

Ginnie Mae II Pool G2 MA9303

.500

11/20/53

186,156

268,974

Ginnie Mae II Pool G2 MA9361

.000

12/20/53

269,525

88,851

Ginnie Mae II Pool G2 MA9365

.000

12/20/53

92,026

273,139

Ginnie Mae II Pool G2 MA9422

.000

01/20/54

274,145

155,172

Ginnie Mae II Pool G2 MA9424

.000

01/20/54

159,157

59,451

Ginnie Mae II Pool G2 MA9425

.500

01/20/54

61,555

125,352

Ginnie Mae II Pool G2 MA9490

.500

02/20/54

129,786

89,933

Ginnie Mae II Pool G2 MA9671

.000

05/20/54

92,862

198,348

Ginnie Mae II Pool G2 MA9722

.000

06/20/54

188,529

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

79,446

Ginnie Mae II Pool G2 MA9725

.500

%

06/20/54

$

80,449

157,895

Ginnie Mae II Pool G2 MA9726

.000

06/20/54

161,831

196,652

Ginnie Mae II Pool G2 MA9779

.500

07/20/54

199,134

151,377

Ginnie Mae II Pool G2 MA9780

.000

07/20/54

155,151

287,365

Ginnie Mae II Pool G2 MA9849

.500

08/20/54

280,951

188,387

Ginnie Mae II Pool G2 MA9852

.000

08/20/54

193,084

180,759

Ginnie Mae II Pool G2 MA9905

.000

09/20/54

180,944

549,506

Ginnie Mae II Pool G2 MA9906

.500

09/20/54

557,612

126,326

Ginnie Mae II Pool G2 MA9907

.000

09/20/54

129,475

157,400

Ginnie Mae II Pool G2 MA9962

.000

10/20/54

149,320

369,659

Ginnie Mae II Pool G2 MA9964

.000

10/20/54

370,017

193,482

Ginnie Mae II Pool G2 MA9967

.500

10/20/54

200,158

245,050

Ginnie Mae II Pool G2 MB0307

.000

04/20/55

245,288

246,648

Ginnie Mae II Pool G2 MB0484

.000

07/20/55

246,887

689,201

Ginnie Mae II Pool G2 MB0485

.500

07/20/55

697,368

293,802

Ginnie Mae II Pool G2 MB0486

.000

07/20/55

301,127

213,362

Ginnie Mae II Pool G2 MB0619

.500

09/20/55

195,568

253,254

Ginnie Mae II Pool G2 MB0621

.500

09/20/55

247,460

99,298

Ginnie Mae II Pool G2 MB0622

.000

09/20/55

99,395

444,736

Ginnie Mae II Pool G2 MB0623

.500

09/20/55

449,992

98,671

Ginnie Mae II Pool G2 MB0624

.000

09/20/55

101,131

247,660

Ginnie Mae II Pool G2 MB0687

.000

10/20/55

253,835

99,211

Ginnie Mae II Pool G2 MB0688

.500

10/20/55

102,656

198,990

Ginnie Mae II Pool G2 MB0746

.500

11/20/55

201,341

154,725

Ginnie Mae II Pool G2 MB0812

.500

12/20/55

151,185

299,350

Ginnie Mae II Pool G2 MB0813

.000

12/20/55

299,640

199,591

Ginnie Mae II Pool G2 MB0814

.500

12/20/55

202,170

1,000,000

Ginnie Mae II Pool G2 MB0871

.000

01/20/56

1,000,971

42,704

GM Financial Consumer Automobile Receivables Trust 2024-2

.100

03/16/29

43,073

200,000

GS Mortgage Securities Trust 2019-GC38

.968

02/10/52

198,215

50,000

Harley-Davidson Motorcycle Trust 2024-B

.310

07/16/29

50,194

40,000

Honda Auto Receivables 2024-2 Owner Trust

.210

07/18/30

40,890

50,000

Honda Auto Receivables 2024-3 Owner Trust

.570

03/21/29

50,392

72,277

Hyundai Auto Receivables Trust 2023-C

.540

10/16/28

72,835

25,000

Mercedes-Benz Auto Receivables Trust 2024-1

.790

07/15/31

25,452

50,000

Morgan Stanley BAML Trust

.107

11/15/58

51,409

92,646

Morgan Stanley Capital I Trust 2021-L5

.518

05/15/54

91,484

50,000

Nissan Auto Lease Trust 2025-A

.750

03/15/28

50,606

43,058

Santander Drive Auto Receivables Trust 2024-2

.630

11/15/28

43,186

100,000

Synchrony Card Funding LLC

.540

07/15/29

100,724

35,000

Toyota Auto Receivables 2024-D Owner Trust

.430

04/15/30

35,452

90,000

Verizon Master Trust

.210

06/20/29

90,467

50,000

Wells Fargo Commercial Mortgag

.203

12/15/58

51,573

245,867

Wells Fargo Commercial Mortgage Trust 2019-C49

.760

03/15/52

242,839

50,000

Wells Fargo Commercial Mortgage Trust 2024-5C2

.439

11/15/57

51,772

50,000

WF Card Issuance Trust

.290

10/15/29

50,434

50,000

World Omni Auto Receivables Trust 2024-C

.430

12/17/29

50,318

TOTAL SECURITIZED

(Cost $127,095,639)

120,221,029

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY - 44.6%

1,700,000

United States Treasury Note/Bond

.125

10/31/26

1,705,857

1,600,000

United States Treasury Note/Bond

.250

11/30/26

1,569,750

100,000

United States Treasury Note/Bond

.250

12/31/26

97,948

1,850,000

United States Treasury Note/Bond

.250

12/31/26

1,861,143

1,750,000

United States Treasury Note/Bond

.875

02/28/27

1,719,466

500,000

United States Treasury Note/Bond

.500

03/31/27

494,043

1,250,000

United States Treasury Note/Bond

.750

04/30/27

1,238,037

550,000

United States Treasury Note/Bond

.750

04/30/27

551,418

200,000

United States Treasury Note/Bond

.500

05/15/27

202,367

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY

(continued)

$

2,000,000

United States Treasury Note/Bond

.625

%

05/31/27

$

1,976,250

900,000

United States Treasury Note/Bond

.500

06/30/27

862,840

2,500,000

United States Treasury Note/Bond

.250

06/30/27

2,490,430

1,000,000

United States Treasury Note/Bond

.750

07/31/27

988,711

500,000

United States Treasury Note/Bond

.875

07/31/27

502,441

2,186,000

United States Treasury Note/Bond

.250

08/15/27

2,144,500

100,000

United States Treasury Note/Bond

.125

09/30/27

100,941

500,000

United States Treasury Note/Bond

.500

10/31/27

499,648

1,600,000

United States Treasury Note/Bond

.125

10/31/27

1,615,563

888,000

United States Treasury Note/Bond

.250

11/15/27

868,332

300,000

United States Treasury Note/Bond

.125

11/15/27

302,988

320,000

United States Treasury Note/Bond

.625

11/30/27

303,700

1,600,000

United States Treasury Note/Bond

.875

11/30/27

1,609,438

3,798,000

United States Treasury Note/Bond

.875

12/31/27

3,821,441

1,500,000

United States Treasury Note/Bond

.500

01/31/28

1,499,004

2,344,000

United States Treasury Note/Bond

.750

02/15/28

2,307,558

1,200,000

United States Treasury Note/Bond

.000

02/29/28

1,210,734

3,200,000

United States Treasury Note/Bond

.625

03/31/28

3,205,000

2,000,000

United States Treasury Note/Bond

.500

04/30/28

1,997,344

1,100,000

United States Treasury Note/Bond

.625

05/31/28

1,101,504

1,900,000

United States Treasury Note/Bond

.000

06/30/28

1,919,223

2,450,000

United States Treasury Note/Bond

.125

07/31/28

2,482,348

400,000

United States Treasury Note/Bond

.375

09/15/28

397,891

3,700,000

United States Treasury Note/Bond

.625

09/30/28

3,796,836

650,000

United States Treasury Note/Bond

.375

10/31/28

612,625

2,000,000

United States Treasury Note/Bond

.875

10/31/28

2,066,094

2,550,000

United States Treasury Note/Bond

.375

11/30/28

2,602,295

4,750,000

United States Treasury Note/Bond

.750

12/31/28

4,768,926

300,000

United States Treasury Note/Bond

.750

01/31/29

284,238

2,850,000

United States Treasury Note/Bond

.000

01/31/29

2,881,172

3,850,000

United States Treasury Note/Bond

.250

02/28/29

3,919,781

2,650,000

United States Treasury Note/Bond

.125

03/31/29

2,688,715

800,000

United States Treasury Note/Bond

.625

04/30/29

823,875

1,470,000

United States Treasury Note/Bond

.375

05/15/29

1,412,578

2,200,000

United States Treasury Note/Bond

.500

05/31/29

2,257,922

3,650,000

United States Treasury Note/Bond

.250

06/30/29

3,718,580

2,950,000

United States Treasury Note/Bond

.000

07/31/29

2,982,266

514,000

United States Treasury Note/Bond

.625

08/15/29

479,707

4,600,000

United States Treasury Note/Bond

.625

08/31/29

4,591,375

3,600,000

United States Treasury Note/Bond

.500

09/30/29

3,577,078

5,050,000

United States Treasury Note/Bond

.125

10/31/29

5,124,961

1,800,000

United States Treasury Note/Bond

.125

11/30/29

1,826,719

500,000

United States Treasury Note/Bond

.875

12/31/29

502,949

750,000

United States Treasury Note/Bond

.375

12/31/29

767,871

3,050,000

United States Treasury Note/Bond

.250

01/31/30

3,109,570

1,300,000

United States Treasury Note/Bond

.000

03/31/30

1,312,949

3,450,000

United States Treasury Note/Bond

.875

04/30/30

3,467,250

100,000

United States Treasury Note/Bond

.625

05/15/30

87,742

1,550,000

United States Treasury Note/Bond

.000

05/31/30

1,565,318

2,300,000

United States Treasury Note/Bond

.875

06/30/30

2,310,871

4,700,000

United States Treasury Note/Bond

.875

07/31/30

4,721,664

2,000,000

United States Treasury Note/Bond

.625

08/31/30

1,987,344

7,900,000

United States Treasury Note/Bond

.625

09/30/30

7,846,922

4,700,000

United States Treasury Note/Bond

.625

10/31/30

4,666,586

3,500,000

United States Treasury Note/Bond

.500

11/30/30

3,454,883

150,000

United States Treasury Note/Bond

.000

01/31/31

151,254

750,000

United States Treasury Note/Bond

.625

05/31/31

777,803

100,000

United States Treasury Note/Bond

.125

10/31/31

101,125

700,000

United States Treasury Note/Bond

.125

11/30/31

707,629

250,000

United States Treasury Note/Bond

.500

12/31/31

257,607

1,000,000

United States Treasury Note/Bond

.875

02/15/32

889,609

500,000

United States Treasury Note/Bond

.125

02/29/32

504,863

#### Portfolio of Investments January 31, 2026
(continued)

#### NUBD

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY

(continued)

$

3,050,000

United States Treasury Note/Bond

.875

%

05/15/32

$

2,865,928

1,150,000

United States Treasury Note/Bond

.750

08/15/32

1,068,287

750,000

United States Treasury Note/Bond

.875

08/31/32

744,785

1,150,000

United States Treasury Note/Bond

.125

11/15/32

1,157,682

700,000

United States Treasury Note/Bond

.500

02/15/33

677,086

800,000

United States Treasury Note/Bond

.375

05/15/33

765,625

1,300,000

United States Treasury Note/Bond

.875

08/15/33

1,282,887

1,750,000

United States Treasury Note/Bond

.500

11/15/33

1,796,758

1,650,000

United States Treasury Note/Bond

.000

02/15/34

1,636,336

2,500,000

United States Treasury Note/Bond

.375

05/15/34

2,540,625

750,000

United States Treasury Note/Bond

.875

08/15/34

734,443

2,000,000

United States Treasury Note/Bond

.250

11/15/34

2,009,219

450,000

United States Treasury Note/Bond

.625

02/15/35

464,168

2,950,000

United States Treasury Note/Bond

.250

05/15/35

2,956,453

3,950,000

United States Treasury Note/Bond

.250

08/15/35

3,953,703

1,700,000

United States Treasury Note/Bond

.000

11/15/35

1,665,203

200,000

United States Treasury Note/Bond

.125

08/15/40

125,102

1,300,000

United States Treasury Note/Bond

.875

02/15/41

905,023

500,000

United States Treasury Note/Bond

.250

05/15/41

366,563

1,050,000

United States Treasury Note/Bond

.750

08/15/41

706,166

198,000

United States Treasury Note/Bond

.000

11/15/41

137,734

1,400,000

United States Treasury Note/Bond

.375

02/15/42

1,026,867

3,900,000

United States Treasury Note/Bond

.250

05/15/42

3,239,895

1,964,000

United States Treasury Note/Bond

.750

08/15/42

1,512,127

500,000

United States Treasury Note/Bond

.375

08/15/42

421,211

135,000

United States Treasury Note/Bond

.750

11/15/42

103,396

498,000

United States Treasury Note/Bond

.000

11/15/42

454,503

600,000

United States Treasury Note/Bond

.875

05/15/43

536,414

950,000

United States Treasury Note/Bond

.375

08/15/43

904,281

2,340,000

United States Treasury Note/Bond

.750

11/15/43

2,330,494

1,350,000

United States Treasury Note/Bond

.500

02/15/44

1,301,326

900,000

United States Treasury Note/Bond

.625

05/15/44

880,207

100,000

United States Treasury Note/Bond

.125

08/15/44

91,445

400,000

United States Treasury Note/Bond

.625

11/15/44

390,281

200,000

United States Treasury Note/Bond

.750

02/15/45

198,141

1,900,000

United States Treasury Note/Bond

.000

05/15/45

1,941,562

2,400,000

United States Treasury Note/Bond

.750

08/15/45

2,413,875

2,500,000

United States Treasury Note/Bond

.625

11/15/45

2,431,641

4,221,000

United States Treasury Note/Bond

.750

08/15/47

3,007,462

1,850,000

United States Treasury Note/Bond

.250

05/15/50

883,230

700,000

United States Treasury Note/Bond

.375

08/15/50

343,301

200,000

United States Treasury Note/Bond

.625

11/15/50

104,617

3,800,000

United States Treasury Note/Bond

.875

02/15/51

2,116,719

1,100,000

United States Treasury Note/Bond

.375

05/15/51

690,594

160,000

United States Treasury Note/Bond

.875

11/15/51

88,100

1,300,000

United States Treasury Note/Bond

.250

02/15/52

785,535

1,350,000

United States Treasury Note/Bond

.875

05/15/52

939,199

550,000

United States Treasury Note/Bond

.000

08/15/52

392,133

949,000

United States Treasury Note/Bond

.000

11/15/52

819,291

550,000

United States Treasury Note/Bond

.625

02/15/53

443,115

1,210,000

United States Treasury Note/Bond

.625

05/15/53

974,003

1,590,000

United States Treasury Note/Bond

.125

08/15/53

1,400,815

1,200,000

United States Treasury Note/Bond

.750

11/15/53

1,172,203

1,500,000

United States Treasury Note/Bond

.250

02/15/54

1,349,355

875,000

United States Treasury Note/Bond

.625

05/15/54

838,086

1,350,000

United States Treasury Note/Bond

.250

08/15/54

1,214,314

1,450,000

United States Treasury Note/Bond

.500

11/15/54

1,360,338

350,000

United States Treasury Note/Bond

.625

02/15/55

335,289

1,550,000

United States Treasury Note/Bond

.750

05/15/55

1,515,367

2,100,000

United States Treasury Note/Bond

.750

08/15/55

2,053,734

1,850,000

United States Treasury Note/Bond

.625

11/15/55

1,773,109

300,000

United States Treasury Note/Bond

.375

12/31/27

299,133

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY

(continued)

$

200,000

United States Treasury Note/Bond

.500

%

12/15/28

$

199,453

3,850,000

United States Treasury Note/Bond

.625

12/31/30

3,819,621

650,000

United States Treasury Note/Bond

.750

01/31/31

648,375

TOTAL U.S. TREASURY

(Cost $220,976,104)

211,559,343

TOTAL LONG-TERM INVESTMENTS

(Cost $487,992,412)

468,308,504

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.3%

1,289,937

(e) State Street Navigator Securities Lending Government Money

Market Portfolio

3.710 (f)

$

1,289,937

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $1,289,937)

1,289,937

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 0.0%

CORPORATE DEBT - 0.0%

INDUSTRIAL - 0.0%

10,000

Enbridge Inc

.250

12/01/26

10,016

TOTAL INDUSTRIAL

10,016

TOTAL CORPORATE DEBT

(Cost $10,012)

10,016

TOTAL SHORT-TERM INVESTMENTS

(Cost $10,012)

10,016

TOTAL INVESTMENTS - 99.0%

(Cost $489,292,361)

469,608,457

OTHER ASSETS & LIABILITIES, NET - 1.0%

4,749,618

NET ASSETS - 100%

$

474,358,075

S&P

Standard & Poor's

(a) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the reporting period was $1,248,938.

(b) When-issued or delayed delivery security.

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $775,821 or 0.2% of Total Investments.

(d) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(e) The Fund may loan securities representing up to one third of the value of its total assets (which includes collateral for securities on

loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a value, at the inception of

each loan, equal to not less than 100% of the value of the loaned securities. The cash collateral received by the Fund is invested in

this money market fund.

(f) The rate shown is the one-day yield as of the end of the reporting period.

#### Portfolio of Investments January 31, 2026

#### NHYB
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 97.8%

CORPORATE DEBT - 97.4%

FINANCIALS - 11.4%

$

694,000

(a) Acrisure LLC / Acrisure Finance Inc

4.250 %

02/15/29

$

672,271

1,410,000

(a) Acrisure LLC / Acrisure Finance Inc

7.500 11/06/30

1,459,761

767,000

(a) Acrisure LLC / Acrisure Finance Inc

6.750 07/01/32

786,330

633,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

4.250 10/15/27

625,182

1,143,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

6.750 04/15/28

1,161,911

2,124,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

7.000 01/15/31

2,202,072

1,284,000

(a) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

6.500 10/01/31

1,319,759

750,000

Ally Financial Inc

6.700 02/14/33

781,829

609,000

Ally Financial Inc

6.646 01/17/40

608,799

801,000

American National Group Inc

7.000 12/01/55

808,938

725,000

(a) AmWINS Group Inc

6.375 02/15/29

743,909

1,118,000

(a) AmWINS Group Inc

4.875 06/30/29

1,103,067

660,000

(a) APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /

APH3 Somerset Inves

7.875 11/01/29

670,012

640,000

(a) Apollo Commercial Real Estate Finance Inc

4.625 06/15/29

637,663

593,000

(a) Arbor Realty SR Inc

7.875 07/15/30

543,987

1,667,000

(a) Ardonagh Finco Ltd

7.750 02/15/31

1,723,308

791,000

(a) Aretec Group Inc

10.000 08/15/30

852,057

830,000

Assurant Inc

7.000 03/27/48

854,582

195,000

(a) ASURION LLC/ASURION CO

8.375 02/01/34

197,137

4,075,000

(a) Asurion, LLC

8.000 12/31/32

4,257,578

565,000

(a) Atlanticus Holdings Corp

9.750 09/01/30

538,566

460,000

(a) Azorra Finance Ltd

7.750 04/15/30

484,099

631,000

(a) Azorra Finance Ltd

7.250 01/15/31

660,871

931,000

(a) Baldwin Insurance Group Holdings LLC / Baldwin Insurance

Group Holdings Finance

7.125 05/15/31

957,370

537,000

BlackRock TCP Capital Corp

6.950 05/30/29

531,867

452,000

(a) Blackstone Mortgage Trust Inc

3.750 01/15/27

446,014

501,000

(a) Blackstone Mortgage Trust Inc

7.750 11/30/29

537,032

452,000

Brandywine Operating Partnership LP

3.950 11/15/27

443,227

643,000

Brandywine Operating Partnership LP

8.300 03/15/28

679,553

686,000

Brandywine Operating Partnership LP

8.875 04/12/29

737,061

497,000

Brandywine Operating Partnership LP

4.550 10/01/29

473,016

392,000

Brandywine Operating Partnership LP

6.125 01/15/31

379,807

461,000

(a) Bread Financial Holdings Inc

8.375 06/15/35

473,167

556,000

(a) Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus

LLC / GGSI Sellco LL

4.500 04/01/27

548,983

485,000

(a) Burford Capital Global Finance LLC

6.250 04/15/28

484,062

365,000

(a) Burford Capital Global Finance LLC

6.875 04/15/30

356,928

1,071,000

(a) Burford Capital Global Finance LLC

9.250 07/01/31

1,102,340

470,000

(a) Burford Capital Global Finance LLC

7.500 07/15/33

453,755

1,238,000

(a) Coinbase Global Inc

3.375 10/01/28

1,182,032

1,071,000

(a) Coinbase Global Inc

3.625 10/01/31

946,192

867,000

(a) Credit Acceptance Corp

9.250 12/15/28

908,504

512,000

(a) Credit Acceptance Corp

6.625 03/15/30

512,502

850,000

(a) CrossCountry Intermediate HoldCo LLC

6.500 10/01/30

862,741

500,000

(a) CrossCountry Intermediate HoldCo LLC

6.750 12/01/32

504,111

499,000

(a) Diversified Healthcare Trust

7.250 10/15/30

513,945

546,000

Diversified Healthcare Trust

4.375 03/01/31

487,174

1,260,000

(a) Dresdner Funding Trust I

8.151 06/30/31

1,385,147

488,000

(a) EF Holdco / EF Cayman Hold / Ellington Fin REIT Cayman/TRS /

EF Cayman Non-MTM

7.375 09/30/30

493,217

817,000

(a) Encore Capital Group Inc

9.250 04/01/29

856,597

559,000

(a) Encore Capital Group Inc

8.500 05/15/30

599,307

586,000

(a) Encore Capital Group Inc

6.625 04/15/31

590,975

982,000

(a) Enova International Inc

11.250 12/15/28

1,039,637

639,000

(a) Enova International Inc

9.125 08/01/29

676,114

469,000

Fidelis Insurance Holdings Ltd

7.750 06/15/55

506,870

500,000

(a) FirstCash Inc

4.625 09/01/28

496,345

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

298,000

(a) FirstCash Inc

5.625 %

01/01/30

$

299,392

787,000

(a) FirstCash Inc

6.875 03/01/32

818,088

548,000

(a) Five Point Operating Co LP

8.000 10/01/30

569,562

1,229,000

(a) Focus Financial Partners LLC

6.750 09/15/31

1,258,164

478,000

(a) Freedom Mortgage Corp

12.250 10/01/30

526,937

1,399,000

(a) Freedom Mortgage Holdings LLC

9.250 02/01/29

1,464,578

1,000,000

(a) Freedom Mortgage Holdings LLC

6.875 05/01/31

992,374

1,580,000

(a) Freedom Mortgage Holdings LLC

9.125 05/15/31

1,670,483

579,000

(a) Freedom Mortgage Holdings LLC

8.375 04/01/32

605,680

470,000

(a) Freedom Mortgage Holdings LLC

7.875 04/01/33

479,417

790,000

(a) FTAI Aviation Investors LLC

5.500 05/01/28

790,759

998,000

(a) FTAI Aviation Investors LLC

7.875 12/01/30

1,058,184

971,000

(a) FTAI Aviation Investors LLC

7.000 06/15/32

1,021,916

605,000

(a) FTAI Aviation Investors LLC

5.875 04/15/33

613,396

633,000

(a) FTAI Aviation Ltd

7.000 05/01/31

666,022

854,000

(a) Genesee & Wyoming Inc

6.250 04/15/32

879,167

385,000

(a) GFL Environmental Holdings US Inc

5.500 02/01/34

385,886

231,000

(a) GGAM Finance Ltd

8.000 02/15/27

234,680

479,000

(a) GGAM Finance Ltd

8.000 06/15/28

504,342

700,000

(a) GGAM Finance Ltd

6.875 04/15/29

724,210

481,000

(a) GGAM Finance Ltd

5.875 03/15/30

488,359

3,273,000

(a) Global Aircraft Leasing Co Ltd

8.750 09/01/27

3,387,984

726,000

(a) Global Atlantic Fin Co

7.950 10/15/54

750,415

443,000

(a) Global Atlantic Fin Co

7.250 03/01/56

446,633

1,423,000

(a) goeasy Ltd

9.250 12/01/28

1,462,966

479,000

(a) goeasy Ltd

7.625 07/01/29

474,294

381,000

(a) goeasy Ltd

6.875 05/15/30

362,356

371,000

(a) goeasy Ltd

7.375 10/01/30

357,954

355,000

(a) goeasy Ltd

6.875 02/15/31

333,687

582,000

(a) Greystar Real Estate Partners LLC

7.750 09/01/30

614,238

303,000

HA Sustainable Infrastructure Capital Inc

8.000 06/01/56

317,847

711,000

(a) Howard Hughes Corp/The

5.375 08/01/28

710,848

692,000

(a) Howard Hughes Corp/The

4.375 02/01/31

655,359

1,633,000

(a) Howden UK Refinance PLC / Howden UK Refinance 2 PLC /

Howden US Refinance LLC

7.250 02/15/31

1,688,965

981,000

(a) HUB International Ltd

5.625 12/01/29

979,971

3,045,000

(a) HUB International Ltd

7.250 06/15/30

3,177,013

2,829,000

(a) HUB International Ltd

7.375 01/31/32

2,963,395

470,000

Hudson Pacific Properties LP

3.950 11/01/27

451,796

391,000

Hudson Pacific Properties LP

5.950 02/15/28

384,360

697,000

Hudson Pacific Properties LP

4.650 04/01/29

638,854

423,000

Hudson Pacific Properties LP

3.250 01/15/30

358,874

774,000

(a) Hunt Cos Inc

5.250 04/15/29

755,521

1,525,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

5.250 05/15/27

1,508,664

1,363,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

9.750 01/15/29

1,371,305

690,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

4.375 02/01/29

609,058

1,089,000

(a) Icahn Enterprises LP / Icahn Enterprises Finance Corp

10.000 11/15/29

1,099,221

745,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

9.000 06/15/30

726,939

958,000

(a) Jane Street Group / JSG Finance Inc

4.500 11/15/29

943,157

1,498,000

(a) Jane Street Group / JSG Finance Inc

7.125 04/30/31

1,575,017

2,375,000

(a) Jane Street Group / JSG Finance Inc

6.125 11/01/32

2,418,954

2,390,000

(a) Jane Street Group / JSG Finance Inc

6.750 05/01/33

2,485,932

1,057,000

(a) Jefferies Finance LLC / JFIN Co-Issuer Corp

5.000 08/15/28

1,024,841

810,000

(a) Jefferies Finance LLC / JFIN Co-Issuer Corp

6.625 10/15/31

802,661

423,000

(a) Jefferson Capital Holdings LLC

9.500 02/15/29

443,843

735,000

(a) Jefferson Capital Holdings LLC

8.250 05/15/30

774,426

608,000

(a) Jones Deslauriers Insurance Management Inc

8.500 03/15/30

635,721

616,000

Kennedy-Wilson Inc

4.750 03/01/29

602,789

716,000

Kennedy-Wilson Inc

4.750 02/01/30

688,148

740,000

Kennedy-Wilson Inc

5.000 03/01/31

710,777

430,000

(a) LFS Topco LLC

8.750 07/15/30

432,106

484,000

(a) Liberty Mutual Group Inc

7.800 03/15/37

554,915

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

499,000

(a) Liberty Mutual Group Inc

4.125 %

12/15/51

$

493,845

1,141,000

(a) Liberty Mutual Group Inc

4.300 02/01/61

762,377

878,000

(a) Molina Healthcare Inc

4.375 06/15/28

862,397

785,000

(a) Molina Healthcare Inc

3.875 11/15/30

724,063

495,000

(a) Molina Healthcare Inc

6.500 02/15/31

507,300

848,000

(a) Molina Healthcare Inc

3.875 05/15/32

763,074

1,051,000

(a) Molina Healthcare Inc

6.250 01/15/33

1,058,415

1,827,000

(a) MPT Operating Partnership LP / MPT Finance Corp

8.500 02/15/32

1,957,369

565,000

(a) Nassau Cos of New York/The

7.875 07/15/30

538,537

358,000

Navient Corp

5.000 03/15/27

355,709

1,746,000

Navient Corp

4.875 03/15/28

1,711,529

605,000

Navient Corp

5.500 03/15/29

591,751

410,000

Navient Corp

9.375 07/25/30

441,547

267,000

Navient Corp

11.500 03/15/31

290,435

600,000

Navient Corp

7.875 06/15/32

605,593

811,000

Navient Corp

5.625 08/01/33

707,653

611,000

OneMain Finance Corp

3.500 01/15/27

603,382

677,000

OneMain Finance Corp

6.625 01/15/28

694,764

562,000

OneMain Finance Corp

3.875 09/15/28

546,547

994,000

OneMain Finance Corp

6.625 05/15/29

1,024,592

2,380,000

OneMain Finance Corp

5.375 11/15/29

2,373,730

741,000

OneMain Finance Corp

7.875 03/15/30

781,653

766,000

OneMain Finance Corp

6.125 05/15/30

780,857

959,000

OneMain Finance Corp

4.000 09/15/30

899,473

908,000

OneMain Finance Corp

7.500 05/15/31

951,895

1,039,000

OneMain Finance Corp

7.125 11/15/31

1,076,641

745,000

OneMain Finance Corp

6.750 03/15/32

761,424

931,000

OneMain Finance Corp

7.125 09/15/32

964,145

878,000

OneMain Finance Corp

6.500 03/15/33

882,499

335,000

OneMain Finance Corp

6.750 09/15/33

338,713

638,000

(a) Osaic Holdings Inc

6.750 08/01/32

661,202

541,000

(a) Oxford Finance LLC / Oxford Finance Co-Issuer II Inc

6.375 02/01/27

540,391

3,639,000

(a) Panther Escrow Issuer LLC

7.125 06/01/31

3,747,901

479,000

(a) Park Intermediate Holdings LLC / PK Domestic Property LLC / PK

Finance Co-Issuer

5.875 10/01/28

479,005

806,000

(a) Park Intermediate Holdings LLC / PK Domestic Property LLC / PK

Finance Co-Issuer

4.875 05/15/29

788,476

1,128,000

(a) Park Intermediate Holdings LLC / PK Domestic Property LLC / PK

Finance Co-Issuer

7.000 02/01/30

1,162,143

489,000

(a) Pebblebrook Hotel LP / PEB Finance Corp

6.375 10/15/29

499,931

600,000

(a) PennyMac Financial Services Inc

4.250 02/15/29

577,383

674,000

(a) PennyMac Financial Services Inc

7.875 12/15/29

709,941

668,000

(a) PennyMac Financial Services Inc

7.125 11/15/30

689,641

1,213,000

(a) PennyMac Financial Services Inc

5.750 09/15/31

1,197,911

1,190,000

(a) PennyMac Financial Services Inc

6.875 05/15/32

1,216,131

855,000

(a) PennyMac Financial Services Inc

6.875 02/15/33

872,109

728,000

(a) PennyMac Financial Services Inc

6.750 02/15/34

734,650

721,000

(a) Phoenix Aviation Capital Ltd

9.250 07/15/30

755,626

578,000

(a) Planet Financial Group LLC

10.500 12/15/29

600,534

531,000

Popular Inc

7.250 03/13/28

556,071

529,000

(a) PRA Group Inc

8.375 02/01/28

534,444

300,000

(a) PRA Group Inc

5.000 10/01/29

274,837

726,000

(a) PRA Group Inc

8.875 01/31/30

730,922

548,000

(a) PROG Holdings Inc

6.000 11/15/29

542,383

348,000

Prospect Capital Corp

3.437 10/15/28

309,453

438,000

(a) Provident Funding Associates LP / PFG Finance Corp

9.750 09/15/29

459,418

400,000

(a) Rfna LP

7.875 02/15/30

402,932

648,000

RHP Hotel Properties LP / RHP Finance Corp

4.750 10/15/27

647,485

325,000

(a) RHP Hotel Properties LP / RHP Finance Corp

7.250 07/15/28

334,613

969,000

(a) RHP Hotel Properties LP / RHP Finance Corp

4.500 02/15/29

954,972

1,316,000

(a) RHP Hotel Properties LP / RHP Finance Corp

6.500 04/01/32

1,360,943

752,000

(a) RHP Hotel Properties LP / RHP Finance Corp

6.500 06/15/33

779,517

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIALS

(continued)

$

990,000

(a) Rithm Capital Corp

8.000 %

04/01/29

$

1,011,421

572,000

(a) Rithm Capital Corp

8.000 07/15/30

584,887

691,000

(a) RLJ Lodging Trust LP

4.000 09/15/29

655,731

585,000

(a) Rocket Cos Inc

6.500 08/01/29

601,743

2,704,000

(a) Rocket Cos Inc

6.125 08/01/30

2,768,380

961,000

(a) Rocket Cos Inc

7.125 02/01/32

1,004,233

2,346,000

(a) Rocket Cos Inc

6.375 08/01/33

2,433,884

664,000

(a) Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc

3.625 03/01/29

641,333

2,345,000

(a) Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc

3.875 03/01/31

2,201,297

935,000

(a) Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc

4.000 10/15/33

858,544

436,000

(a) Ryan Specialty LLC

4.375 02/01/30

424,763

1,629,000

(a) Ryan Specialty LLC

5.875 08/01/32

1,656,064

393,000

Service Properties Trust

5.500 12/15/27

389,914

716,000

Service Properties Trust

8.375 06/15/29

724,581

1,135,000

(a) Service Properties Trust

8.625 11/15/31

1,192,068

1,022,000

Service Properties Trust

8.875 06/15/32

1,014,411

624,000

SLM Corp

6.500 01/31/30

643,881

1,004,000

(a) Starwood Property Trust Inc

5.250 10/15/28

1,009,268

641,000

(a) Starwood Property Trust Inc

7.250 04/01/29

676,013

587,000

(a) Starwood Property Trust Inc

6.000 04/15/30

603,353

578,000

(a) Starwood Property Trust Inc

6.500 07/01/30

601,909

677,000

(a) Starwood Property Trust Inc

6.500 10/15/30

705,054

606,000

(a) Starwood Property Trust Inc

5.750 01/15/31

613,616

304,000

(a) STONEBRIAR ABF LLC

8.125 12/15/30

315,807

796,000

(a) Stonex Escrow Issuer LLC

6.875 07/15/32

821,232

657,000

(a) StoneX Group Inc

7.875 03/01/31

698,971

864,000

Synchrony Financial

7.250 02/02/33

917,635

335,000

(a) TrueNoord Capital DAC

8.750 03/01/30

353,336

419,000

(a) United Wholesale Mortgage LLC

5.750 06/15/27

419,338

674,000

(a) United Wholesale Mortgage LLC

5.500 04/15/29

665,915

763,000

(a) UWM Holdings LLC

6.625 02/01/30

769,588

1,182,000

(a) UWM Holdings LLC

6.250 03/15/31

1,174,533

677,000

(a) VFH Parent LLC / Valor Co-Issuer Inc

7.500 06/15/31

709,220

512,000

Vornado Realty LP

3.400 06/01/31

467,078

320,000

(a) Walker & Dunlop Inc

6.625 04/01/33

328,027

511,000

(a),(b)

Wilton RE Ltd

6.000 N/A

507,956

569,000

(a) XHR LP

4.875 06/01/29

560,916

543,000

(a) XHR LP

6.625 05/15/30

560,784

TOTAL FINANCIALS

182,052,238

INDUSTRIAL - 81.7%

1,455,000

(a) 1011778 BC ULC / New Red Finance Inc

3.875 01/15/28

1,433,294

651,000

(a) 1011778 BC ULC / New Red Finance Inc

4.375 01/15/28

647,153

874,000

(a) 1011778 BC ULC / New Red Finance Inc

3.500 02/15/29

842,295

1,383,000

(a) 1011778 BC ULC / New Red Finance Inc

6.125 06/15/29

1,417,806

1,270,000

(a) 1011778 BC ULC / New Red Finance Inc

5.625 09/15/29

1,291,491

3,873,000

(a) 1011778 BC ULC / New Red Finance Inc

4.000 10/15/30

3,695,331

6,860,000

(a) 1261229 BC Ltd

10.000 04/15/32

7,040,123

1,065,000

(a) AAR Escrow Issuer LLC

6.750 03/15/29

1,102,266

406,000

(a) Academy Ltd

6.000 11/15/27

406,620

558,000

(a) Acadia Healthcare Co Inc

5.500 07/01/28

551,369

855,000

(a) Acadia Healthcare Co Inc

5.000 04/15/29

820,853

684,000

(a) Acadia Healthcare Co Inc

7.375 03/15/33

675,652

666,000

(a) ACCO Brands Corp

4.250 03/15/29

616,628

618,000

(a) Acushnet Co

5.625 12/01/33

623,809

619,000

(a) Adams Homes Inc

9.250 10/15/28

645,622

370,000

(a) AdaptHealth LLC

6.125 08/01/28

371,352

620,000

(a) AdaptHealth LLC

4.625 08/01/29

598,839

765,000

(a) AdaptHealth LLC

5.125 03/01/30

742,895

230,000

(a) Adient Global Holdings Ltd

7.000 04/15/28

235,229

919,000

(a) Adient Global Holdings Ltd

8.250 04/15/31

962,909

1,043,000

(a) Adient Global Holdings Ltd

7.500 02/15/33

1,082,994

1,015,000

(a) ADT Security Corp/The

4.125 08/01/29

988,897

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,380,000

(a) ADT Security Corp/The

4.875 %

07/15/32

$

1,336,342

931,000

(a) ADT Security Corp/The

5.875 10/15/33

943,801

479,000

(a) Adtalem Global Education Inc

5.500 03/01/28

477,748

368,000

Advance Auto Parts Inc

1.750 10/01/27

349,882

341,000

Advance Auto Parts Inc

5.950 03/09/28

349,060

412,000

Advance Auto Parts Inc

3.900 04/15/30

380,731

1,239,000

(a) Advance Auto Parts Inc

7.000 08/01/30

1,260,007

544,000

Advance Auto Parts Inc

3.500 03/15/32

470,083

1,263,000

(a) Advance Auto Parts Inc

7.375 08/01/33

1,281,945

405,000

(a) Advanced Drainage Systems Inc

5.000 09/30/27

404,477

627,000

(a) Advanced Drainage Systems Inc

6.375 06/15/30

641,065

575,000

(a) Advantage Sales & Marketing Inc

6.500 11/15/28

487,600

1,852,000

(a) AECOM

6.000 08/01/33

1,897,183

1,583,000

(a) Aethon United BR LP / Aethon United Finance Corp

7.500 10/01/29

1,665,785

275,000

(a) Africell Holding Ltd

10.500 10/23/29

275,015

250,000

(a) Ahlstrom Holding 3 Oy

4.875 02/04/28

247,181

498,000

(a) AHP Health Partners Inc

5.750 07/15/29

485,528

626,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

4.625 01/15/27

625,533

1,820,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

5.875 02/15/28

1,820,539

170,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

6.500 02/15/28

172,722

1,574,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

3.500 03/15/29

1,510,669

1,271,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

4.875 02/15/30

1,253,826

850,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

5.500 03/31/31

851,504

820,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

6.250 03/15/33

837,303

1,632,000

(a) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

5.750 03/31/34

1,605,029

1,724,000

(a) Albion Financing 1 SARL / Aggreko Holdings Inc

7.000 05/21/30

1,796,860

457,000

(a) Alcoa Nederland Holding BV

4.125 03/31/29

450,098

816,000

(a) Alcoa Nederland Holding BV

7.125 03/15/31

863,188

611,000

(a) Algoma Steel Inc

9.125 04/15/29

524,040

475,000

(a) Allegiant Travel Co

7.250 08/15/27

480,380

437,000

(a) Alliance Resource Operating Partners LP / Alliance Resource

Finance Corp

8.625 06/15/29

460,151

2,723,000

(a) Allied Universal Holdco LLC

7.875 02/15/31

2,865,748

1,668,000

(a) Allied Universal Holdco LLC / Allied Universal Finance Corp

6.875 06/15/30

1,732,227

1,327,000

(a) Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas

Luxco 4 Sarl

4.625 06/01/28

1,309,046

864,000

(a) Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas

Luxco 4 Sarl

4.625 06/01/28

853,858

764,000

(a) Allison Transmission Inc

4.750 10/01/27

763,989

450,000

(a) Allison Transmission Inc

5.875 06/01/29

455,659

1,284,000

(a) Allison Transmission Inc

3.750 01/30/31

1,210,339

675,000

(a) Allison Transmission Inc

5.875 12/01/33

684,555

250,000

(a) Allwyn Entertainment Financing UK PLC

7.875 04/30/29

260,297

594,000

(a) Alta Equipment Group Inc

9.000 06/01/29

567,599

709,000

(a) Alumina Pty Ltd

6.125 03/15/30

731,375

701,000

(a) Alumina Pty Ltd

6.375 09/15/32

728,732

1,423,000

(a) AMC Networks Inc

10.250 01/15/29

1,483,752

330,000

(a) AMC Networks Inc

10.500 07/15/32

355,802

1,061,000

(a) Amentum Holdings Inc

7.250 08/01/32

1,118,106

1,086,000

(a) Amer Sports Co

6.750 02/16/31

1,131,168

1,181,000

(a) American Airlines Inc

7.250 02/15/28

1,202,347

878,000

(a) American Airlines Inc

8.500 05/15/29

916,186

3,800,000

(a) American Airlines Inc/AAdvantage Loyalty IP Ltd2022 1

5.750 04/20/29

3,839,185

117,000

American Axle & Manufacturing Inc

6.875 07/01/28

117,125

1,336,000

American Axle & Manufacturing Inc

5.000 10/01/29

1,303,453

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,087,000

(a) American Axle & Manufacturing Inc

6.375 %

10/15/32

$

1,109,061

1,344,000

(a) American Axle & Manufacturing Inc

7.750 10/15/33

1,382,610

715,000

(a) American Builders & Contractors Supply Co Inc

4.000 01/15/28

705,740

657,000

(a) American Builders & Contractors Supply Co Inc

3.875 11/15/29

633,997

244,000

AmeriGas Partners LP / AmeriGas Finance Corp

5.750 05/20/27

245,711

1,795,000

(a) AmeriGas Partners LP / AmeriGas Finance Corp

9.375 06/01/28

1,856,043

456,000

(a) AmeriGas Partners LP / AmeriGas Finance Corp

9.500 06/01/30

488,723

923,000

(a) AmeriTex HoldCo Intermediate LLC

7.625 08/15/33

970,774

617,000

(a) Amkor Technology Inc

5.875 10/01/33

628,787

317,000

(a) AMN Healthcare Inc

4.000 04/15/29

303,125

592,000

(a) AMN Healthcare Inc

6.500 01/15/31

599,761

784,000

(a) Amneal Pharmaceuticals LLC

6.875 08/01/32

825,528

1,616,000

(a) ams-OSRAM AG

12.250 03/30/29

1,717,118

562,000

(a) Amsted Industries Inc

4.625 05/15/30

555,934

643,000

(a) Amsted Industries Inc

6.375 03/15/33

665,467

593,000

(a) ANGI Group LLC

3.875 08/15/28

542,595

579,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

5.750 01/15/28

579,230

1,105,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

5.375 06/15/29

1,106,914

755,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

6.625 02/01/32

784,296

836,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

5.750 10/15/33

845,118

750,000

(a) Antero Midstream Partners LP / Antero Midstream Finance Corp

5.750 07/01/34

757,564

899,000

(a) Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp

7.000 04/15/30

909,939

579,000

(a) Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp

9.750 04/15/30

631,952

384,000

(a) APi Group DE Inc

4.125 07/15/29

373,440

350,000

(a) APi Group DE Inc

4.750 10/15/29

343,157

2,590,000

(a) APLD COMPUTECO LLC

9.250 12/15/30

2,690,348

601,000

Aptiv Swiss Holdings Ltd

6.875 12/15/54

627,704

1,296,000

(a) Aramark Services Inc

5.000 02/01/28

1,295,289

1,374,000

(a) Arches Buyer Inc

4.250 06/01/28

1,351,328

1,179,000

(a) Archrock Partners LP / Archrock Partners Finance Corp

6.250 04/01/28

1,181,969

861,000

(a) Archrock Partners LP / Archrock Partners Finance Corp

6.625 09/01/32

892,510

1,000,000

(a) ARCHROCK SERVICES/PARTNE

6.000 02/01/34

999,245

391,000

(a) Arcosa Inc

4.375 04/15/29

384,363

849,000

(a) Arcosa Inc

6.875 08/15/32

894,321

2,485,000

(a) Ardagh Group SA

9.500 12/01/30

2,685,229

885,000

(a) Ardagh Metal Packaging Finance USA LLC / Ardagh Metal

Packaging Finance PLC

3.250 09/01/28

851,247

400,000

(a) Ardagh Metal Packaging Finance USA LLC / Ardagh Metal

Packaging Finance PLC

6.250 01/30/31

411,068

382,000

(a) Arsenal AIC Parent LLC

8.000 10/01/30

404,555

2,942,000

(a) Arsenal AIC Parent LLC

11.500 10/01/31

3,241,831

284,000

Asbury Automotive Group Inc

4.500 03/01/28

283,019

919,000

(a) Asbury Automotive Group Inc

4.625 11/15/29

905,013

913,000

Asbury Automotive Group Inc

4.750 03/01/30

898,867

651,000

(a) Asbury Automotive Group Inc

5.000 02/15/32

632,643

325,000

(a) Ascent Resources Utica Holdings LLC / ARU Finance Corp

9.000 11/01/27

400,377

658,000

(a) Ascent Resources Utica Holdings LLC / ARU Finance Corp

5.875 06/30/29

662,462

872,000

(a) Ascent Resources Utica Holdings LLC / ARU Finance Corp

6.625 10/15/32

903,719

668,000

(a) Ascent Resources Utica Holdings LLC / ARU Finance Corp

6.625 07/15/33

691,709

750,000

(a) ASGN Inc

4.625 05/15/28

738,641

474,000

(a) Ashland Inc

3.375 09/01/31

434,730

440,000

Ashland Inc

6.875 05/15/43

465,062

431,000

(a) Ashton Woods USA LLC / Ashton Woods Finance Co

4.625 08/01/29

412,806

429,000

(a) Ashton Woods USA LLC / Ashton Woods Finance Co

4.625 04/01/30

405,937

642,000

(a) Ashton Woods USA LLC / Ashton Woods Finance Co

6.875 08/01/33

647,725

310,000

ATI Inc

5.875 12/01/27

310,532

397,000

ATI Inc

4.875 10/01/29

395,781

530,000

ATI Inc

7.250 08/15/30

555,601

652,000

ATI Inc

5.125 10/01/31

653,030

508,000

(a) Atkore Inc

4.250 06/01/31

484,569

1,075,000

(a) ATP Tower Holdings / Andean Telecom Partners Chile SpA /

Andean Tower Partners C

7.875 02/03/30

1,106,233

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

419,000

(a) ATS Corp

4.125 %

12/15/28

$

408,799

1,774,000

(a) Avantor Funding Inc

4.625 07/15/28

1,760,348

1,115,000

(a) Avantor Funding Inc

3.875 11/01/29

1,070,666

675,000

(a) Avient Corp

7.125 08/01/30

694,308

959,000

(a) Avient Corp

6.250 11/01/31

985,974

410,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

5.750 07/15/27

409,785

131,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

5.750 07/15/27

131,083

449,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

4.750 04/01/28

439,618

616,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

5.375 03/01/29

600,707

1,927,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

8.250 01/15/30

1,994,416

602,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

8.000 02/15/31

615,407

570,000

(a) Avis Budget Car Rental LLC / Avis Budget Finance Inc

8.375 06/15/32

586,376

1,029,000

(a) Axalta Coating Systems Dutch Holding B BV

7.250 02/15/31

1,082,976

623,000

(a) Axalta Coating Systems LLC

3.375 02/15/29

599,634

383,000

(a) Axalta Coating Systems LLC / Axalta Coating Systems Dutch

Holding B BV

4.750 06/15/27

382,226

1,219,000

(a) Axon Enterprise Inc

6.125 03/15/30

1,253,070

973,000

(a) Axon Enterprise Inc

6.250 03/15/33

1,008,174

951,000

(a) B&G Foods Inc

8.000 09/15/28

897,510

1,025,000

Ball Corp

6.000 06/15/29

1,055,357

1,559,000

Ball Corp

2.875 08/15/30

1,435,428

1,076,000

Ball Corp

3.125 09/15/31

988,869

863,000

Ball Corp

5.500 09/15/33

877,154

430,000

(a) Banijay Entertainment SAS

8.125 05/01/29

446,796

100,000

Bath & Body Works Inc

6.694 01/15/27

101,492

333,000

Bath & Body Works Inc

5.250 02/01/28

335,755

461,000

Bath & Body Works Inc

7.500 06/15/29

470,793

1,567,000

(a) Bath & Body Works Inc

6.625 10/01/30

1,604,771

489,000

Bath & Body Works Inc

6.950 03/01/33

487,364

860,000

Bath & Body Works Inc

6.875 11/01/35

869,759

737,000

Bath & Body Works Inc

6.750 07/01/36

735,310

1,684,000

(a) Bausch + Lomb Corp

8.375 10/01/28

1,755,570

643,000

(a) BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer Inc

9.500 07/01/32

612,805

687,000

(a) Beacon Mobility Corp

7.250 08/01/30

719,176

231,000

Beazer Homes USA Inc

5.875 10/15/27

230,109

576,000

Beazer Homes USA Inc

7.250 10/15/29

582,974

339,000

(a) Beazer Homes USA Inc

7.500 03/15/31

344,929

1,530,000

Bell Telephone Co of Canada or Bell Canada

6.875 09/15/55

1,585,184

1,419,000

Bell Telephone Co of Canada or Bell Canada

7.000 09/15/55

1,488,290

960,000

(a) BellRing Brands Inc

7.000 03/15/30

986,447

1,355,000

(a) Belron UK Finance PLC

5.750 10/15/29

1,380,801

771,000

(a) Big River Steel LLC / BRS Finance Corp

6.625 01/31/29

778,155

220,000

(a),(c)

BioMarin Pharmaceutical Inc

5.500 01/31/34

220,609

566,000

(a) BKV Upstream Midstream LLC

7.500 10/15/30

573,211

1,319,000

(a) Block Inc

5.625 08/15/30

1,342,535

1,306,000

Block Inc

3.500 06/01/31

1,221,333

2,641,000

Block Inc

6.500 05/15/32

2,743,876

1,192,000

(a) Block Inc

6.000 08/15/33

1,217,608

330,000

(a) Bloomin' Brands Inc / OSI Restaurant Partners LLC

5.125 04/15/29

292,524

650,000

(a) Blue Racer Midstream LLC / Blue Racer Finance Corp

7.000 07/15/29

677,357

532,000

(a) Blue Racer Midstream LLC / Blue Racer Finance Corp

7.250 07/15/32

564,032

408,000

(a) BlueLinx Holdings Inc

6.000 11/15/29

403,967

498,000

(a) Boise Cascade Co

4.875 07/01/30

496,400

100,000

(a) Bombardier Inc

6.000 02/15/28

100,150

150,000

(a) Bombardier Inc

7.500 02/01/29

155,815

2,433,000

(a) Bombardier Inc

8.750 11/15/30

2,607,366

825,000

(a) Bombardier Inc

7.250 07/01/31

875,873

931,000

(a) Bombardier Inc

7.000 06/01/32

977,288

868,000

(a) Bombardier Inc

6.750 06/15/33

911,740

674,000

(a) Bombardier Inc

7.450 05/01/34

753,694

1,874,000

(a) Borr IHC Ltd / Borr Finance LLC

10.000 11/15/28

1,923,005

738,000

(a) Borr IHC Ltd / Borr Finance LLC

10.375 11/15/30

752,358

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,091,000

Boyd Gaming Corp

4.750 %

12/01/27

$

1,090,586

1,180,000

(a) Boyd Gaming Corp

4.750 06/15/31

1,149,466

797,000

(a) Boyne USA Inc

4.750 05/15/29

786,453

850,000

(a) Breakwater Energy Holdings Sarl

9.250 11/15/30

892,319

750,000

(a) BRIGHTSTAR LOT/BRIGHSTAR

5.750 01/15/33

745,590

1,119,000

(a) Brightstar Lottery PLC

5.250 01/15/29

1,117,250

398,000

(a) Brinker International Inc

8.250 07/15/30

420,175

554,000

(a) Brink's Co/The

4.625 10/15/27

553,947

541,000

(a) Brink's Co/The

6.500 06/15/29

558,128

597,000

(a) Brink's Co/The

6.750 06/15/32

621,426

1,179,000

(a) Bristow Group Inc

6.875 03/01/28

1,180,249

547,000

(a) British Telecommunications PLC

4.250 11/23/81

542,849

617,000

(a) British Telecommunications PLC

4.875 11/23/81

602,063

736,000

(a) Brookfield Residential Properties Inc / Brookfield Residential US

LLC

6.250 09/15/27

736,071

494,000

(a) Brookfield Residential Properties Inc / Brookfield Residential US

LLC

5.000 06/15/29

478,356

539,000

(a) Brookfield Residential Properties Inc / Brookfield Residential US

LLC

4.875 02/15/30

503,179

508,000

(a) Brundage-Bone Concrete Pumping Holdings Inc

7.500 02/01/32

511,363

273,000

Buckeye Partners LP

4.125 12/01/27

269,855

460,000

(a) Buckeye Partners LP

4.500 03/01/28

458,058

579,000

(a) Buckeye Partners LP

6.875 07/01/29

601,948

1,107,000

(a) Buckeye Partners LP

6.750 02/01/30

1,159,879

457,000

Buckeye Partners LP

5.850 11/15/43

426,382

409,000

Buckeye Partners LP

5.600 10/15/44

370,297

683,000

(a) Builders FirstSource Inc

5.000 03/01/30

680,510

1,445,000

(a) Builders FirstSource Inc

4.250 02/01/32

1,377,277

976,000

(a) Builders FirstSource Inc

6.375 06/15/32

1,005,860

1,197,000

(a) Builders FirstSource Inc

6.375 03/01/34

1,238,510

1,140,000

(a) Builders FirstSource Inc

6.750 05/15/35

1,197,717

422,000

(a) BWX Technologies Inc

4.125 06/30/28

415,735

557,000

(a) BWX Technologies Inc

4.125 04/15/29

545,507

793,000

(a) Cable One Inc

4.000 11/15/30

577,189

393,000

(a) Cablevision Lightpath LLC

3.875 09/15/27

391,235

1,175,000

(a) CACI International Inc

6.375 06/15/33

1,219,106

1,179,000

(a) Caesars Entertainment Inc

4.625 10/15/29

1,132,267

2,143,000

(a) Caesars Entertainment Inc

7.000 02/15/30

2,212,905

2,165,000

(a) Caesars Entertainment Inc

6.500 02/15/32

2,213,767

1,582,000

(a) Caesars Entertainment Inc

6.000 10/15/32

1,539,063

616,000

(a) Calderys Financing LLC

11.250 06/01/28

641,817

1,522,000

(a) California Resources Corp

8.250 06/15/29

1,600,809

438,000

(a) California Resources Corp

7.000 01/15/34

441,804

998,000

(a) Capstone Borrower Inc

8.000 06/15/30

927,843

1,376,000

(a) Carnival Corp

5.125 05/01/29

1,392,127

1,024,000

(a) Carnival Corp

5.750 03/15/30

1,054,468

1,174,000

(a) Carnival Corp

5.875 06/15/31

1,213,532

3,824,000

(a) Carnival Corp

5.750 08/01/32

3,927,340

2,792,000

(a) Carnival Corp

6.125 02/15/33

2,872,153

280,000

(a) Carpenter Technology Corp

5.625 03/01/34

284,136

491,000

(a) Carriage Services Inc

4.250 05/15/29

472,758

417,000

(a) Cars.com Inc

6.375 11/01/28

416,056

564,000

(a) Cascades Inc/Cascades USA Inc

5.375 01/15/28

563,515

450,000

(a) Cascades Inc/Cascades USA Inc

6.750 07/15/30

465,871

514,000

(a) Caturus Energy LLC

8.500 02/15/30

535,912

3,014,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

5.125 05/01/27

3,015,234

2,474,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

5.000 02/01/28

2,460,379

1,307,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

5.375 06/01/29

1,292,499

1,765,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

6.375 09/01/29

1,781,872

3,687,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.750 03/01/30

3,522,195

3,145,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.500 08/15/30

2,955,800

5,558,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.250 02/01/31

5,088,600

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

2,138,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

7.375 %

03/01/31

$

2,199,179

1,337,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.750 02/01/32

1,221,196

3,240,000

CCO Holdings LLC / CCO Holdings Capital Corp

4.500 05/01/32

2,907,535

1,060,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

7.000 02/01/33

1,070,237

1,926,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.500 06/01/33

1,685,188

2,211,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

4.250 01/15/34

1,867,611

1,145,000

(a) CCO Holdings LLC / CCO Holdings Capital Corp

7.375 02/01/36

1,146,373

1,079,000

(a) CD&R Smokey Buyer Inc / Radio Systems Corp

9.500 10/15/29

951,942

400,000

Celanese US Holdings LLC

7.165 07/15/27

414,494

622,000

Celanese US Holdings LLC

6.850 11/15/28

652,964

780,000

Celanese US Holdings LLC

7.330 07/15/29

820,154

902,000

Celanese US Holdings LLC

6.500 04/15/30

917,705

2,168,000

Celanese US Holdings LLC

7.050 11/15/30

2,293,638

600,000

Celanese US Holdings LLC

7.000 02/15/31

613,724

1,082,000

Celanese US Holdings LLC

7.379 07/15/32

1,128,840

1,364,000

Celanese US Holdings LLC

6.750 04/15/33

1,381,656

1,084,000

Celanese US Holdings LLC

7.200 11/15/33

1,146,771

700,000

Celanese US Holdings LLC

7.375 02/15/34

712,307

276,000

Central Garden & Pet Co

5.125 02/01/28

275,782

700,000

Central Garden & Pet Co

4.125 10/15/30

672,092

476,000

(a) Central Garden & Pet Co

4.125 04/30/31

450,498

1,094,000

(a) Central Parent Inc / CDK Global Inc

7.250 06/15/29

838,325

855,000

(a) Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc

8.000 06/15/29

664,454

374,000

(a) Century Aluminum Co

6.875 08/01/32

387,302

539,000

(a) Century Communities Inc

3.875 08/15/29

512,955

642,000

(a) Century Communities Inc

6.625 09/15/33

650,199

1,080,000

(a) Cerdia Finanz GmbH

9.375 10/03/31

1,098,598

642,000

(a) Champ Acquisition Corp

8.375 12/01/31

684,509

483,000

(a) Champion Iron Canada Inc

7.875 07/15/32

516,668

446,000

(a) Charles River Laboratories International Inc

4.250 05/01/28

439,703

667,000

(a) Charles River Laboratories International Inc

3.750 03/15/29

643,367

675,000

(a) Charles River Laboratories International Inc

4.000 03/15/31

639,730

1,764,000

(a) Chart Industries Inc

7.500 01/01/30

1,835,380

877,000

(a) Chart Industries Inc

9.500 01/01/31

923,311

573,000

(a) CHC Group LLC

11.750 09/01/30

549,382

469,000

Chemours Co/The

5.375 05/15/27

472,097

892,000

(a) Chemours Co/The

5.750 11/15/28

884,610

1,039,000

(a) Chemours Co/The

4.625 11/15/29

968,858

627,000

(a) Chemours Co/The

8.000 01/15/33

628,651

313,000

(a) Chobani LLC / Chobani Finance Corp Inc

4.625 11/15/28

311,408

854,000

(a) Chord Energy Corp

6.000 10/01/30

870,652

676,000

(a) Chord Energy Corp

6.750 03/15/33

700,790

1,142,000

(a) CHS/Community Health Systems Inc

6.000 01/15/29

1,138,917

1,720,000

(a) CHS/Community Health Systems Inc

5.250 05/15/30

1,621,812

1,700,000

(a) CHS/Community Health Systems Inc

4.750 02/15/31

1,524,979

2,276,000

(a) CHS/Community Health Systems Inc

10.875 01/15/32

2,450,200

1,954,000

(a) CHS/Community Health Systems Inc

9.750 01/15/34

2,037,207

357,000

(a) Churchill Downs Inc

5.500 04/01/27

356,937

978,000

(a) Churchill Downs Inc

4.750 01/15/28

974,662

1,323,000

(a) Churchill Downs Inc

5.750 04/01/30

1,330,172

1,100,000

(a) Churchill Downs Inc

6.750 05/01/31

1,133,367

511,000

(a) Ciena Corp

4.000 01/31/30

492,688

697,000

(a) Cimpress PLC

7.375 09/15/32

715,699

797,000

(a) Cinemark USA Inc

5.250 07/15/28

796,211

744,000

(a) Cinemark USA Inc

7.000 08/01/32

769,836

1,880,000

(a) CIPHER COMPUTE LLC

7.125 11/15/30

1,937,173

1,395,000

(a) CITGO Petroleum Corp

8.375 01/15/29

1,449,790

843,000

(a) Clarios Global LP / Clarios US Finance Co

6.750 05/15/28

862,559

1,183,000

(a) Clarios Global LP / Clarios US Finance Co

6.750 02/15/30

1,237,573

1,647,000

(a) Clarios Global LP / Clarios US Finance Co

6.750 09/15/32

1,704,694

1,078,000

(a) Clarivate Science Holdings Corp

3.875 07/01/28

1,017,397

1,005,000

(a) Clarivate Science Holdings Corp

4.875 07/01/29

863,863

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

509,000

(a) Clean Harbors Inc

5.125 %

07/15/29

$

509,517

722,000

(a) Clean Harbors Inc

6.375 02/01/31

739,283

832,000

(a) Clean Harbors Inc

5.750 10/15/33

850,013

904,000

(a) Clear Channel Outdoor Holdings Inc

7.875 04/01/30

951,792

1,405,000

(a) Clear Channel Outdoor Holdings Inc

7.125 02/15/31

1,465,138

1,258,000

(a) Clear Channel Outdoor Holdings Inc

7.500 03/15/33

1,336,672

250,000

(a) Clearwater Paper Corp

4.750 08/15/28

236,365

300,000

(a) Cleveland-Cliffs Inc

4.625 03/01/29

295,191

862,000

(a) Cleveland-Cliffs Inc

6.875 11/01/29

895,796

912,000

(a) Cleveland-Cliffs Inc

6.750 04/15/30

932,555

306,000

(a) Cleveland-Cliffs Inc

4.875 03/01/31

293,399

1,047,000

(a) Cleveland-Cliffs Inc

7.500 09/15/31

1,104,872

1,763,000

(a) Cleveland-Cliffs Inc

7.000 03/15/32

1,809,254

1,036,000

(a) Cleveland-Cliffs Inc

7.375 05/01/33

1,081,108

2,019,000

(a) Cleveland-Cliffs Inc

7.625 01/15/34

2,114,553

4,736,000

(a) Cloud Software Group Inc

6.500 03/31/29

4,706,483

4,610,000

(a) Cloud Software Group Inc

9.000 09/30/29

4,655,046

2,488,000

(a) Cloud Software Group Inc

8.250 06/30/32

2,530,502

1,153,000

(a) Cloud Software Group Inc

6.625 08/15/33

1,105,250

854,000

(a) Clue Opco LLC

9.500 10/15/31

905,399

779,000

(a) Clydesdale Acquisition Holdings Inc

6.625 04/15/29

785,863

641,000

(a) Clydesdale Acquisition Holdings Inc

6.875 01/15/30

649,333

1,232,000

(a) Clydesdale Acquisition Holdings Inc

8.750 04/15/30

1,232,882

1,484,000

(a) Clydesdale Acquisition Holdings Inc

6.750 04/15/32

1,495,582

502,000

(a) CNX Midstream Partners LP

4.750 04/15/30

487,722

738,000

(a) CNX Resources Corp

6.000 01/15/29

742,280

303,000

(a) CNX Resources Corp

7.375 01/15/31

313,812

854,000

(a) CNX Resources Corp

7.250 03/01/32

893,474

299,000

(a) Coeur Mining Inc

5.125 02/15/29

298,570

704,000

(a) Cogent Communications Group LLC / Cogent Finance Inc

7.000 06/15/27

700,973

768,000

(a) Cogent Communications Group LLC / Cogent Finance Inc

7.000 06/15/27

763,387

487,000

(a) Cogent Communications Group LLC / Cogent Finance Inc

6.500 07/01/32

447,194

1,126,000

(a) Coherent Corp

5.000 12/15/29

1,121,344

320,000

(a) Columbus McKinnon Corp/NY

7.125 01/31/33

321,664

354,000

Commercial Metals Co

4.125 01/15/30

343,452

296,000

Commercial Metals Co

3.875 02/15/31

280,966

350,000

Commercial Metals Co

4.375 03/15/32

334,470

1,400,000

(a) Commercial Metals Co

5.750 11/15/33

1,423,376

938,000

(a) Commercial Metals Co

6.000 12/15/35

958,363

770,000

(a) Compass Minerals International Inc

8.000 07/01/30

816,690

1,200,000

(a) Composecure Holdings LLC

5.625 02/01/33

1,196,160

1,462,000

(a) Comstock Resources Inc

6.750 03/01/29

1,471,322

643,000

(a) Comstock Resources Inc

6.750 03/01/29

643,797

1,183,000

(a) Comstock Resources Inc

5.875 01/15/30

1,154,251

933,000

(a) Concentra Health Services Inc

6.875 07/15/32

976,856

584,000

(a) Conduent Business Services LLC / Conduent State & Local

Solutions Inc

6.000 11/01/29

473,615

2,335,000

(a) Connect Finco SARL / Connect US Finco LLC

9.000 09/15/29

2,478,292

2,632,000

(a) Connect Holding II LLC

10.500 04/03/31

2,583,275

543,000

(a) Consensus Cloud Solutions Inc

6.500 10/15/28

543,137

748,000

(a) Consolidated Energy Finance SA

5.625 10/15/28

617,100

515,000

(a) Consolidated Energy Finance SA

12.000 02/15/31

432,549

300,000

(a) Constellium SE

5.625 06/15/28

300,264

649,000

(a) Constellium SE

3.750 04/15/29

628,242

435,000

(a) Constellium SE

6.375 08/15/32

449,852

572,000

CoreCivic Inc

8.250 04/15/29

599,117

845,000

(a) CoreLogic Inc

4.500 05/01/28

829,218

2,294,000

(a) CoreWeave Inc

9.250 06/01/30

2,258,209

2,467,000

(a) CoreWeave Inc

9.000 02/01/31

2,398,561

801,000

(a) Cougar JV Subsidiary LLC

8.000 05/15/32

855,962

601,000

(a) CP Atlas Buyer Inc

9.750 07/15/30

625,118

461,000

(a) CPI CG Inc

10.000 07/15/29

490,200

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,655,000

(a) CQP Holdco LP / BIP-V Chinook Holdco LLC

5.500 %

06/15/31

$

1,645,767

607,000

(a) CQP Holdco LP / BIP-V Chinook Holdco LLC

7.500 12/15/33

652,518

523,000

Crane NXT Co

4.200 03/15/48

339,285

525,000

(a) Crescent Energy Finance LLC

9.250 02/15/28

540,134

296,000

(a) Crescent Energy Finance LLC

7.750 07/31/29

296,079

436,000

Crescent Energy Finance LLC

9.750 10/15/30

457,183

1,249,000

(a) Crescent Energy Finance LLC

7.625 04/01/32

1,238,861

1,113,000

(a) Crescent Energy Finance LLC

7.875 04/15/32

1,107,361

1,181,000

(a) Crescent Energy Finance LLC

7.375 01/15/33

1,142,945

990,000

(a) Crescent Energy Finance LLC

8.375 01/15/34

999,370

417,000

(a) Crocs Inc

4.250 03/15/29

402,343

372,000

(a) Crocs Inc

4.125 08/15/31

340,452

853,000

Crowdstrike Holdings Inc

3.000 02/15/29

816,180

791,000

Crown Americas LLC

5.250 04/01/30

807,021

939,000

(a) Crown Americas LLC

5.875 06/01/33

960,432

807,000

(a) Cushman & Wakefield US Borrower LLC

6.750 05/15/28

812,054

490,000

(a) Cushman & Wakefield US Borrower LLC

8.875 09/01/31

522,226

424,000

(a) CVR Energy Inc

5.750 02/15/28

423,720

885,000

(a) CVR Energy Inc

8.500 01/15/29

922,389

606,000

(a) CVR Partners LP / CVR Nitrogen Finance Corp

6.125 06/15/28

605,970

837,000

CVS Health Corp

6.750 12/10/54

870,135

2,837,000

CVS Health Corp

7.000 03/10/55

2,969,335

461,000

(a) Danaos Corp

8.500 03/01/28

461,608

609,000

(a) Danaos Corp

6.875 10/15/32

629,001

529,000

(a) Darling Ingredients Inc

5.250 04/15/27

529,179

1,172,000

(a) Darling Ingredients Inc

6.000 06/15/30

1,187,606

3,241,000

(a) DaVita Inc

4.625 06/01/30

3,118,541

1,796,000

(a) DaVita Inc

3.750 02/15/31

1,647,455

1,385,000

(a) DaVita Inc

6.875 09/01/32

1,426,608

1,325,000

(a) DaVita Inc

6.750 07/15/33

1,359,964

548,000

(a) DBR Land Holdings LLC

6.250 12/01/30

561,360

602,000

(a) Dcli Bidco LLC

7.750 11/15/29

612,518

397,000

(a) Delek Logistics Partners LP / Delek Logistics Finance Corp

7.125 06/01/28

399,623

1,661,000

(a) Delek Logistics Partners LP / Delek Logistics Finance Corp

8.625 03/15/29

1,737,115

683,000

(a) Delek Logistics Partners LP / Delek Logistics Finance Corp

7.375 06/30/33

702,345

304,000

(a) Deluxe Corp

8.000 06/01/29

309,225

479,000

(a) Deluxe Corp

8.125 09/15/29

502,610

805,000

DENTSPLY SIRONA Inc

8.375 09/12/55

794,619

667,000

(a) Diamond Foreign Asset Co / Diamond Finance LLC

8.500 10/01/30

709,241

1,087,000

(a) Diebold Nixdorf Inc

7.750 03/31/30

1,151,213

1,833,000

(a) Directv Financing LLC

8.875 02/01/30

1,855,929

886,000

(a) Directv Financing LLC

8.875 02/01/30

897,575

1,594,000

(a) Directv Financing LLC / Directv Financing Co-Obligor Inc

5.875 08/15/27

1,601,764

3,202,000

(a) Directv Financing LLC / Directv Financing Co-Obligor Inc

10.000 02/15/31

3,298,345

1,320,000

Discovery Communications LLC

3.950 03/20/28

1,296,900

767,000

Discovery Communications LLC

4.125 05/15/29

745,056

1,051,000

Discovery Communications LLC

3.625 05/15/30

970,924

1,634,000

Discovery Communications LLC

5.000 09/20/37

1,262,232

656,000

Discovery Communications LLC

6.350 06/01/40

541,403

4,799,000

(a) DISH Network Corp

11.750 11/15/27

4,966,763

827,000

(a) Domtar Corp

6.750 10/01/28

686,956

562,000

(a) Dotdash Meredith Inc

7.625 06/15/32

512,363

315,000

(a) Dream Finders Homes Inc

8.250 08/15/28

323,824

411,000

(a) Dream Finders Homes Inc

6.875 09/15/30

416,284

601,000

(a) Dycom Industries Inc

4.500 04/15/29

591,601

870,000

(a) Dye & Durham Ltd

8.625 04/15/29

782,628

6,869,000

EchoStar Corp

10.750 11/30/29

7,529,404

977,000

(a) Edgewell Personal Care Co

5.500 06/01/28

977,317

539,000

(a) Edgewell Personal Care Co

4.125 04/01/29

516,723

1,009,000

(a) Efesto Bidco SpA Efesto US LLC

7.500 02/15/32

1,028,595

1,325,000

(a) eG Global Finance PLC

12.000 11/30/28

1,434,155

890,000

Elanco Animal Health Inc

6.650 08/28/28

927,357

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

657,000

(a) Elastic NV

4.125 %

07/15/29

$

631,163

532,000

(a) Eldorado Gold Corp

6.250 09/01/29

534,662

819,000

(a) Element Solutions Inc

3.875 09/01/28

798,237

821,000

(a) Ellucian Holdings Inc

6.500 12/01/29

807,908

570,000

(a) Embecta Corp

5.000 02/15/30

533,290

782,000

(a) Empire Communities Corp

9.750 05/01/29

808,061

3,036,000

(a) EMRLD Borrower LP / Emerald Co-Issuer Inc

6.625 12/15/30

3,142,494

968,000

(a) EMRLD Borrower LP / Emerald Co-Issuer Inc

6.750 07/15/31

1,015,586

848,000

Encompass Health Corp

4.500 02/01/28

844,012

936,000

Encompass Health Corp

4.750 02/01/30

931,702

650,000

Encompass Health Corp

4.625 04/01/31

636,241

1,229,000

(a) Endo Finance Holdings Inc

8.500 04/15/31

1,300,413

400,000

(a) Enerflex Inc

6.875 01/15/31

413,394

673,000

(a) Energizer Holdings Inc

4.750 06/15/28

665,818

975,000

(a) Energizer Holdings Inc

4.375 03/31/29

936,470

486,000

(a) Energizer Holdings Inc

6.000 09/15/33

467,089

1,047,000

Energy Transfer LP

8.000 05/15/54

1,118,815

668,000

Energy Transfer LP

7.125 10/01/54

690,277

1,435,000

Energy Transfer LP

6.500 02/15/56

1,435,069

905,000

Energy Transfer LP

6.750 02/15/56

911,451

376,000

(a) EnerSys

4.375 12/15/27

373,241

528,000

(a) EnerSys

6.625 01/15/32

546,872

568,000

(a) Enpro Inc

6.125 06/01/33

584,057

477,000

(a) EnQuest PLC

11.625 11/01/27

481,846

408,000

(a) Entegris Inc

4.375 04/15/28

404,943

1,789,000

(a) Entegris Inc

4.750 04/15/29

1,787,648

785,000

(a) Entegris Inc

3.625 05/01/29

756,442

1,013,000

(a) Entegris Inc

5.950 06/15/30

1,033,656

674,000

(a) Enviri Corp

5.750 07/31/27

674,783

1,500,000

(a) EquipmentShare.com Inc

9.000 05/15/28

1,567,567

622,000

(a) EquipmentShare.com Inc

8.625 05/15/32

664,935

605,000

(a) EquipmentShare.com Inc

8.000 03/15/33

638,154

847,000

(a) Esab Corp

6.250 04/15/29

870,320

903,000

(a) Excelerate Energy LP

8.000 05/15/30

965,651

354,000

(a) EZCORP Inc

7.375 04/01/32

377,107

886,000

(a) Fair Isaac Corp

4.000 06/15/28

871,323

2,067,000

(a) Fair Isaac Corp

6.000 05/15/33

2,106,139

819,000

(a) Ferrellgas LP / Ferrellgas Finance Corp

5.875 04/01/29

787,841

939,000

(a) Ferrellgas LP / Ferrellgas Finance Corp

9.250 01/15/31

970,665

1,207,000

(a) Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc

4.625 01/15/29

1,167,323

626,000

(a) Fibercop SpA

6.375 11/15/33

633,988

620,000

(a) Fibercop SpA

6.000 09/30/34

602,077

683,000

(a) Fibercop SpA

7.200 07/18/36

691,073

605,000

(a) Fibercop SpA

7.721 06/04/38

622,281

616,000

(a) Fiesta Purchaser Inc

7.875 03/01/31

633,547

763,000

(a) First Student Bidco Inc / First Transit Parent Inc

4.000 07/31/29

743,024

1,635,000

(a) Flash Compute LLC

7.250 12/31/30

1,640,548

599,000

Fluor Corp

4.250 09/15/28

594,621

300,000

FMC Corp

3.450 10/01/29

269,477

600,000

FMC Corp

5.650 05/18/33

531,101

500,000

FMC Corp

4.500 10/01/49

312,267

560,000

FMC Corp

6.375 05/18/53

424,236

784,000

FMC Corp

8.450 11/01/55

628,791

339,000

(a) Forestar Group Inc

5.000 03/01/28

338,753

630,000

(a) Forestar Group Inc

6.500 03/15/33

644,141

503,000

(a) Fortescue Treasury Pty Ltd

4.500 09/15/27

502,959

773,000

(a) Fortescue Treasury Pty Ltd

5.875 04/15/30

795,370

1,280,000

(a) Fortescue Treasury Pty Ltd

4.375 04/01/31

1,236,736

850,000

(a) Fortescue Treasury Pty Ltd

6.125 04/15/32

885,212

735,000

Fortrea Holdings Inc

7.500 07/01/30

747,746

922,000

(a) Fortress Intermediate 3 Inc

7.500 06/01/31

939,182

542,000

(a) Forvia SE

8.000 06/15/30

578,623

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

679,000

(a) Forvia SE

6.750 %

09/15/33

$

696,207

728,000

(a) Froneri Lux FinCo SARL

6.000 08/01/32

737,188

885,000

(a) Gap Inc/The

3.625 10/01/29

841,690

944,000

(a) Gap Inc/The

3.875 10/01/31

875,146

340,000

(a) Garda World Security Corp

7.750 02/15/28

347,229

943,000

(a) Garda World Security Corp

6.500 01/15/31

966,634

949,000

(a) Garrett Motion Holdings Inc / Garrett LX I Sarl

7.750 05/31/32

1,004,712

684,000

(a) GCI LLC

4.750 10/15/28

669,871

525,000

(a) Gen Digital Inc

6.750 09/30/27

529,387

1,258,000

(a) Gen Digital Inc

7.125 09/30/30

1,289,351

1,139,000

(a) Gen Digital Inc

6.250 04/01/33

1,144,489

651,000

Genesis Energy LP / Genesis Energy Finance Corp

7.750 02/01/28

653,800

888,000

Genesis Energy LP / Genesis Energy Finance Corp

8.250 01/15/29

925,719

823,000

Genesis Energy LP / Genesis Energy Finance Corp

8.875 04/15/30

866,133

813,000

Genesis Energy LP / Genesis Energy Finance Corp

7.875 05/15/32

848,376

693,000

Genesis Energy LP / Genesis Energy Finance Corp

8.000 05/15/33

723,258

1,680,000

(a) GENMAB A/S/GENMAB FIN

6.250 12/15/32

1,722,064

1,255,000

(a) GENMAB A/S/GENMAB FIN

7.250 12/15/33

1,328,241

713,000

(a) Genting New York LLC / GENNY Capital Inc

7.250 10/01/29

736,881

785,000

GEO Group Inc/The

8.625 04/15/29

820,900

628,000

GEO Group Inc/The

10.250 04/15/31

685,223

842,000

(a) Getty Images Inc

14.000 03/01/28

785,165

755,000

(a) Getty Images Inc

11.250 02/21/30

675,741

487,000

(a) Getty Images Inc

10.500 11/15/30

493,123

718,000

(a) GFL Environmental Inc

4.000 08/01/28

706,649

719,000

(a) GFL Environmental Inc

4.750 06/15/29

714,372

784,000

(a) GFL Environmental Inc

4.375 08/15/29

767,949

1,410,000

(a) GFL Environmental Inc

6.750 01/15/31

1,475,045

559,000

(a) Global Auto Holdings Ltd/AAG FH UK Ltd

8.375 01/15/29

555,629

779,000

(a) Global Auto Holdings Ltd/AAG FH UK Ltd

11.500 08/15/29

825,740

665,000

(a) Global Auto Holdings Ltd/AAG FH UK Ltd

8.750 01/15/32

642,366

376,000

(a) Global Infrastructure Solutions Inc

5.625 06/01/29

376,781

427,000

(a) Global Infrastructure Solutions Inc

7.500 04/15/32

457,317

1,202,000

(a) Global Medical Response Inc

7.375 10/01/32

1,242,856

263,000

Global Partners LP / GLP Finance Corp

6.875 01/15/29

266,334

566,000

(a) Global Partners LP / GLP Finance Corp

8.250 01/15/32

596,593

575,000

(a) Global Partners LP / GLP Finance Corp

7.125 07/01/33

588,977

754,000

(a) Go Daddy Operating Co LLC / GD Finance Co Inc

5.250 12/01/27

753,049

939,000

(a) Go Daddy Operating Co LLC / GD Finance Co Inc

3.500 03/01/29

892,273

972,000

(a) Goat Holdco LLC

6.750 02/01/32

998,266

381,000

(a) Golar LNG Ltd

7.500 10/02/30

381,325

604,000

Goodyear Tire & Rubber Co/The

4.875 03/15/27

602,040

1,226,000

Goodyear Tire & Rubber Co/The

5.000 07/15/29

1,200,661

876,000

Goodyear Tire & Rubber Co/The

6.625 07/15/30

894,366

594,000

Goodyear Tire & Rubber Co/The

5.250 04/30/31

571,674

546,000

Goodyear Tire & Rubber Co/The

5.250 07/15/31

520,046

531,000

Goodyear Tire & Rubber Co/The

5.625 04/30/33

506,245

446,000

(a) GoTo Group Inc

5.500 05/01/28

372,534

750,000

(a) Graham Holdings Co

5.625 12/01/33

753,617

451,000

Grand Canyon University

5.125 10/01/28

451,011

394,000

(a) Graphic Packaging International LLC

4.750 07/15/27

393,342

396,000

(a) Graphic Packaging International LLC

3.500 03/15/28

383,754

363,000

(a) Graphic Packaging International LLC

3.500 03/01/29

346,293

743,000

(a) Graphic Packaging International LLC

3.750 02/01/30

701,768

579,000

(a) Graphic Packaging International LLC

6.375 07/15/32

585,486

1,346,000

(a) Gray Media Inc

10.500 07/15/29

1,445,759

987,000

(a) Gray Media Inc

7.250 08/15/33

1,010,464

666,000

(a) Great Canadian Gaming Corp/Raptor LLC

8.750 11/15/29

677,263

67,000

(a) Great Lakes Dredge & Dock Corp

5.250 06/01/29

65,902

1,170,000

Griffon Corp

5.750 03/01/28

1,169,668

822,000

(a) Grifols SA

4.750 10/15/28

809,825

786,000

(a) Group 1 Automotive Inc

4.000 08/15/28

768,648

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

742,000

(a) Group 1 Automotive Inc

6.375 %

01/15/30

$

761,679

654,000

(a) Gulfport Energy Operating Corp

6.750 09/01/29

674,462

886,000

(a) HAH Group Holding Co LLC

9.750 10/01/31

836,761

403,000

(a) Harrow Inc

8.625 09/15/30

420,700

826,000

(a) Harvest Midstream I LP

7.500 09/01/28

837,352

835,000

(a) Harvest Midstream I LP

7.500 05/15/32

872,161

287,000

HB Fuller Co

4.000 02/15/27

283,590

303,000

HB Fuller Co

4.250 10/15/28

298,135

721,000

(a) HealthEquity Inc

4.500 10/01/29

702,800

266,000

Hecla Mining Co

7.250 02/15/28

266,336

581,000

(a) Helix Energy Solutions Group Inc

9.750 03/01/29

611,662

1,522,000

(a) Herc Holdings Inc

6.625 06/15/29

1,575,106

2,053,000

(a) Herc Holdings Inc

7.000 06/15/30

2,154,753

500,000

(a) Herc Holdings Inc

5.750 03/15/31

503,550

1,460,000

(a) Herc Holdings Inc

7.250 06/15/33

1,545,134

650,000

(a) Herc Holdings Inc

6.000 03/15/34

653,294

435,000

(a) Herens Holdco Sarl

4.750 05/15/28

382,747

1,516,000

(a) Hertz Corp/The

12.625 07/15/29

1,525,989

697,000

(a) Hess Midstream Operations LP

5.875 03/01/28

710,224

527,000

(a) Hess Midstream Operations LP

5.125 06/15/28

527,138

1,004,000

(a) Hess Midstream Operations LP

6.500 06/01/29

1,039,144

977,000

(a) Hess Midstream Operations LP

4.250 02/15/30

954,336

601,000

(a) Hess Midstream Operations LP

5.500 10/15/30

607,339

737,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

6.250 11/01/28

743,051

1,173,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

5.750 02/01/29

1,173,282

891,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

6.000 04/15/30

876,670

546,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

6.000 02/01/31

527,289

571,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

6.250 04/15/32

547,642

639,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

8.375 11/01/33

663,429

597,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

6.875 05/15/34

575,345

1,038,000

(a) Hilcorp Energy I LP / Hilcorp Finance Co

7.250 02/15/35

1,004,404

497,000

Hillenbrand Inc

6.250 02/15/29

501,804

512,000

Hillenbrand Inc

3.750 03/01/31

515,598

550,000

(a) Hilton Domestic Operating Co Inc

5.875 04/01/29

562,723

1,783,000

(a) Hilton Domestic Operating Co Inc

3.750 05/01/29

1,735,587

1,054,000

Hilton Domestic Operating Co Inc

4.875 01/15/30

1,056,060

1,234,000

(a) Hilton Domestic Operating Co Inc

4.000 05/01/31

1,177,911

1,774,000

(a) Hilton Domestic Operating Co Inc

3.625 02/15/32

1,642,275

823,000

(a) Hilton Domestic Operating Co Inc

6.125 04/01/32

850,103

1,165,000

(a) Hilton Domestic Operating Co Inc

5.875 03/15/33

1,195,430

1,227,000

(a) Hilton Domestic Operating Co Inc

5.750 09/15/33

1,250,006

750,000

(a) Hilton Domestic Operating Co Inc

5.500 03/31/34

753,618

809,000

(a) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

5.000 06/01/29

786,577

632,000

(a) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

4.875 07/01/31

589,474

1,165,000

(a) Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations

Borrower Inc

6.625 01/15/32

1,190,840

418,000

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp

4.875 04/01/27

418,149

1,227,000

(a) HLF Financing Sarl LLC / Herbalife International Inc

12.250 04/15/29

1,319,208

614,000

(a) HLF Financing Sarl LLC / Herbalife International Inc

4.875 06/01/29

582,680

135,000

(a) HNI Corp

5.125 01/18/29

133,326

731,000

(a) Holdco II SAS

7.000 10/15/28

739,391

1,413,000

(a) Holdco II SAS

8.500 04/15/31

1,513,069

1,059,000

(a) Holdco II SAS

7.000 04/15/32

1,085,433

400,000

(a) Hologic Inc

4.625 02/01/28

399,549

1,181,000

(a) Hologic Inc

3.250 02/15/29

1,176,686

1,047,000

(a) Howard Hughes Corp/The

4.125 02/01/29

1,012,575

773,000

(a) Howard Midstream Energy Partners LLC

7.375 07/15/32

816,524

829,000

(a) Howard Midstream Energy Partners LLC

6.625 01/15/34

850,886

567,000

(a) Hudbay Minerals Inc

6.125 04/01/29

572,183

914,000

Huntsman International LLC

4.500 05/01/29

879,488

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

597,000

Huntsman International LLC

2.950 %

06/15/31

$

509,684

321,000

Huntsman International LLC

5.700 10/15/34

300,016

389,000

(a) IAMGOLD Corp

5.750 10/15/28

390,572

2,461,000

(a) Imola Merger Corp

4.750 05/15/29

2,421,444

709,000

(a) INEOS Finance PLC

6.750 05/15/28

621,474

911,000

(a) INEOS Finance PLC

7.500 04/15/29

763,012

519,000

(a) INEOS Quattro Finance 2 Plc

9.625 03/15/29

411,801

581,000

(a) Ingevity Corp

3.875 11/01/28

565,088

500,000

(a) Ingles Markets Inc

4.000 06/15/31

473,174

627,000

(a) Insight Enterprises Inc

6.625 05/15/32

641,857

750,000

(a) Installed Building Products Inc

5.625 02/01/34

754,311

692,000

(a) Insulet Corp

6.500 04/01/33

720,167

1,177,000

(a) Inversion Escrow Issuer LLC

6.750 08/01/32

1,165,813

1,679,000

(a) ION Platform Finance US Inc

7.875 09/30/32

1,472,507

219,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

4.625 05/01/28

204,359

300,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

5.000 05/01/28

283,221

264,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

5.750 05/15/28

250,316

880,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

8.750 05/01/29

838,773

1,500,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

9.500 05/30/29

1,446,512

876,000

(a) ION Platform Finance US Inc / ION Platform Finance SARL

9.000 08/01/29

841,039

729,000

(a) IQVIA Inc

5.000 05/15/27

729,245

550,000

(a) IQVIA Inc

6.500 05/15/30

569,731

2,638,000

(a) IQVIA Inc

6.250 06/01/32

2,740,750

847,000

(a) Iron Mountain Inc

4.875 09/15/27

846,506

985,000

(a) Iron Mountain Inc

5.250 03/15/28

984,719

328,000

(a) Iron Mountain Inc

5.000 07/15/28

327,280

969,000

(a) Iron Mountain Inc

7.000 02/15/29

995,680

2,240,000

(a) Iron Mountain Inc

4.875 09/15/29

2,211,538

1,530,000

(a) Iron Mountain Inc

5.250 07/15/30

1,515,003

1,295,000

(a) Iron Mountain Inc

4.500 02/15/31

1,237,525

764,000

(a) Iron Mountain Inc

5.625 07/15/32

754,428

1,452,000

(a) Iron Mountain Inc

6.250 01/15/33

1,467,233

876,000

(a) Iron Mountain Information Management Services Inc

5.000 07/15/32

837,795

768,000

(a) Ithaca Energy North Sea PLC

8.125 10/15/29

800,493

1,374,000

(a) ITT Holdings LLC

6.500 08/01/29

1,324,661

604,000

(a) Jacobs Entertainment Inc

6.750 02/15/29

596,341

753,000

(a) Jaguar Land Rover Automotive PLC

4.500 10/01/27

745,890

442,000

(a) Jaguar Land Rover Automotive PLC

5.875 01/15/28

441,909

448,000

(a) Jaguar Land Rover Automotive PLC

5.500 07/15/29

447,628

472,000

(a) James Hardie International Finance DAC

5.000 01/15/28

471,470

1,824,000

(a) Jazz Securities DAC

4.375 01/15/29

1,794,666

1,037,000

(a) JB Poindexter & Co Inc

8.750 12/15/31

1,077,246

2,407,000

(a) JetBlue Airways Corp / JetBlue Loyalty LP

9.875 09/20/31

2,417,511

360,000

(a) JW Aluminum Continuous Cast Co

10.250 04/01/30

374,590

495,000

(a) K Hovnanian Enterprises Inc

8.000 04/01/31

507,110

591,000

(a) K Hovnanian Enterprises Inc

8.375 10/01/33

603,999

612,000

(a) Kaiser Aluminum Corp

4.500 06/01/31

590,809

134,000

KB Home

6.875 06/15/27

136,809

364,000

KB Home

4.800 11/15/29

362,399

671,000

KB Home

7.250 07/15/30

690,709

459,000

KB Home

4.000 06/15/31

433,312

314,000

(a) KBR Inc

4.750 09/30/28

309,981

977,000

(a) Kedrion SpA

6.500 09/01/29

960,216

1,325,000

(a) KeHE Distributors LLC / KeHE Finance Corp / NextWave

Distribution Inc

9.000 02/15/29

1,388,289

467,000

(a) Ken Garff Automotive LLC

4.875 09/15/28

463,791

602,000

(a) KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America

LLC

4.750 06/01/27

602,905

2,127,000

(a) Kinetik Holdings LP

6.625 12/15/28

2,190,210

962,000

(a) Kinetik Holdings LP

5.875 06/15/30

973,483

674,000

(a) Kingpin Intermediate Holdings LLC

7.250 10/15/32

644,774

1,233,000

(a) Kioxia Holdings Corp

6.250 07/24/30

1,273,766

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,452,000

(a) Kioxia Holdings Corp

6.625 %

07/24/33

$

1,516,190

514,000

(a) Knife River Corp

7.750 05/01/31

535,202

1,005,000

(a) Kodiak Gas Services LLC

7.250 02/15/29

1,042,401

853,000

(a) Kodiak Gas Services LLC

6.500 10/01/33

873,713

722,000

(a) Kodiak Gas Services LLC

6.750 10/01/35

746,025

512,000

(a) Kohl's Corp

10.000 06/01/30

560,887

542,000

Kohl's Corp

5.125 05/01/31

463,999

533,000

Kohl's Corp

5.550 07/17/45

357,010

536,000

(a) Kontoor Brands Inc

4.125 11/15/29

508,438

465,000

(a) Korn Ferry

4.625 12/15/27

463,519

504,000

(a) Kraken Oil & Gas Partners LLC

7.625 08/15/29

503,672

606,000

Lamar Media Corp

3.750 02/15/28

594,924

357,000

Lamar Media Corp

4.875 01/15/29

357,036

943,000

Lamar Media Corp

4.000 02/15/30

911,671

668,000

Lamar Media Corp

3.625 01/15/31

630,818

503,000

(a) Lamar Media Corp

5.375 11/01/33

501,680

495,000

(a) Lamb Weston Holdings Inc

4.875 05/15/28

495,845

1,209,000

(a) Lamb Weston Holdings Inc

4.125 01/31/30

1,167,163

916,000

(a) Lamb Weston Holdings Inc

4.375 01/31/32

872,688

1,139,000

(a) LBM Acquisition LLC

9.500 06/15/31

1,199,503

1,409,000

(a) LCM Investments Holdings II LLC

4.875 05/01/29

1,388,407

831,000

(a) LCM Investments Holdings II LLC

8.250 08/01/31

875,423

2,259,000

(a) Level 3 Financing Inc

6.875 06/30/33

2,328,340

3,139,000

(a) Level 3 Financing Inc

7.000 03/31/34

3,250,996

590,000

(a) Levi Strauss & Co

3.500 03/01/31

551,749

557,000

(a) LGI Homes Inc

8.750 12/15/28

580,467

262,000

(a) LGI Homes Inc

4.000 07/15/29

240,447

531,000

(a) LGI Homes Inc

7.000 11/15/32

517,894

616,000

(a) Life Time Inc

6.000 11/15/31

631,579

1,224,000

(a) LifePoint Health Inc

9.875 08/15/30

1,313,150

985,000

(a) LifePoint Health Inc

11.000 10/15/30

1,074,218

922,000

(a) LifePoint Health Inc

8.375 02/15/32

1,001,836

455,000

(a) Light & Wonder International Inc

7.250 11/15/29

467,126

914,000

(a) Light & Wonder International Inc

7.500 09/01/31

956,452

1,134,000

(a) Light & Wonder International Inc

6.250 10/01/33

1,148,175

774,000

(a) Lindblad Expeditions LLC

7.000 09/15/30

808,007

325,000

(a) Lithia Motors Inc

4.625 12/15/27

324,384

1,087,000

(a) Lithia Motors Inc

3.875 06/01/29

1,051,537

728,000

(a) Lithia Motors Inc

5.500 10/01/30

731,234

702,000

(a) Lithia Motors Inc

4.375 01/15/31

675,721

1,099,000

(a) Live Nation Entertainment Inc

6.500 05/15/27

1,103,938

1,459,000

(a) Live Nation Entertainment Inc

4.750 10/15/27

1,458,549

592,000

(a) Live Nation Entertainment Inc

3.750 01/15/28

583,738

617,000

(a) LSB Industries Inc

6.250 10/15/28

617,663

240,000

(a) Lumen Technologies Inc

4.125 04/15/29

240,000

251,000

(a) Lumen Technologies Inc

4.125 04/15/30

251,000

311,000

(a) Lumen Technologies Inc

10.000 10/15/32

310,996

420,000

M/I Homes Inc

4.950 02/01/28

418,894

383,000

M/I Homes Inc

3.950 02/15/30

368,604

585,000

(a) Macy's Retail Holdings LLC

6.125 03/15/32

591,287

675,000

(a) Macy's Retail Holdings LLC

7.375 08/01/33

712,781

493,000

Macy's Retail Holdings LLC

4.500 12/15/34

444,036

245,000

Macy's Retail Holdings LLC

5.125 01/15/42

201,562

265,000

Macy's Retail Holdings LLC

4.300 02/15/43

192,190

853,000

(a) Madison IAQ LLC

4.125 06/30/28

842,781

553,000

(a) Magnera Corp

4.750 11/15/29

499,707

1,012,000

(a) Magnera Corp

7.250 11/15/31

956,353

482,000

(a) Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance

Corp

6.875 12/01/32

500,531

325,000

(a) Manitowoc Co Inc/The

9.250 10/01/31

352,985

443,000

Marriott Ownership Resorts Inc

4.750 01/15/28

437,036

622,000

(a) Marriott Ownership Resorts Inc

4.500 06/15/29

593,386

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

783,000

(a) Marriott Ownership Resorts Inc

6.500 %

10/01/33

$

745,019

815,000

(a) Martin Midstream Partners LP / Martin Midstream Finance Corp

11.500 02/15/28

847,600

876,000

(a) Masterbrand Inc

7.000 07/15/32

908,435

269,000

(a) Matador Resources Co

6.875 04/15/28

274,851

1,439,000

(a) Matador Resources Co

6.500 04/15/32

1,465,259

849,000

(a) Matador Resources Co

6.250 04/15/33

855,663

409,000

(a) Match Group Holdings II LLC

5.000 12/15/27

408,921

432,000

(a) Match Group Holdings II LLC

4.625 06/01/28

427,878

482,000

(a) Match Group Holdings II LLC

5.625 02/15/29

481,969

904,000

(a) Match Group Holdings II LLC

4.125 08/01/30

852,074

529,000

(a) Match Group Holdings II LLC

3.625 10/01/31

479,043

861,000

(a) Match Group Holdings II LLC

6.125 09/15/33

864,197

720,000

(a) Mattamy Group Corp

4.625 03/01/30

703,039

135,000

(a) Mattamy Group Corp

6.000 12/15/33

132,647

3,475,000

(a) Mauser Packaging Solutions Holding Co

7.875 04/15/30

3,540,156

469,000

(a) Maxam Prill Sarl

7.750 07/15/30

488,632

897,000

(a) McGraw-Hill Education Inc

5.750 08/01/28

900,975

825,000

(a) McGraw-Hill Education Inc

7.375 09/01/31

867,329

2,741,000

(a) Medline Borrower LP

5.250 10/01/29

2,745,736

610,000

(a) Mercer International Inc

12.875 10/01/28

445,980

1,009,000

Mercer International Inc

5.125 02/01/29

623,475

714,000

(a) Merlin Entertainments Group US Holdings Inc

7.375 02/15/31

604,554

649,000

Methanex Corp

5.125 10/15/27

650,846

1,111,000

Methanex Corp

5.250 12/15/29

1,117,416

371,000

Methanex Corp

5.650 12/01/44

333,401

595,000

(a) Methanex US Operations Inc

6.250 03/15/32

613,574

446,000

MGM Resorts International

5.500 04/15/27

448,838

787,000

MGM Resorts International

4.750 10/15/28

785,531

1,391,000

MGM Resorts International

6.125 09/15/29

1,422,722

1,058,000

MGM Resorts International

6.500 04/15/32

1,083,085

1,024,000

(a) Michaels Cos Inc/The

5.250 05/01/28

1,012,832

958,000

(a) Midcontinent Communications

8.000 08/15/32

921,758

921,000

(a) Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp

4.875 05/01/29

904,737

180,000

(a) Millicom International Cellular SA2028 2028

5.125 01/15/28

179,639

1,395,000

(a) Millicom International Cellular SA2029 2029

6.250 03/25/29

1,407,780

1,078,000

(a) Millicom International Cellular SA

4.500 04/27/31

1,003,717

1,200,000

(a) Millicom International Cellular SA

7.375 04/02/32

1,248,454

1,452,000

(a) Millrose Properties Inc

6.375 08/01/30

1,482,035

998,000

(a) Millrose Properties Inc

6.250 09/15/32

1,009,256

460,000

(a) Mineral Resources Ltd

8.000 11/01/27

470,406

3,382,000

(a) Mineral Resources Ltd

9.250 10/01/28

3,552,484

648,000

(a) Mineral Resources Ltd

8.500 05/01/30

671,741

633,000

(a) Mineral Resources Ltd

7.000 04/01/31

665,255

454,000

(a) Minerals Technologies Inc

5.000 07/01/28

450,595

946,000

(a) Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC

6.750 04/01/32

971,602

514,000

(a) MIWD Holdco II LLC / MIWD Finance Corp

5.500 02/01/30

499,346

527,000

(a) Mobius Merger Sub Inc

9.000 06/01/30

311,022

880,000

(a) Mohegan Tribal Gaming Authority / MS Digital Entertainment

Holdings LLC

8.250 04/15/30

917,532

970,000

(a) Mohegan Tribal Gaming Authority / MS Digital Entertainment

Holdings LLC

11.875 04/15/31

1,018,846

787,000

(a) Moog Inc

4.250 12/15/27

782,874

884,000

(a) Moss Creek Resources Holdings Inc

8.250 09/01/31

859,706

479,000

(a) Motion Finco Sarl

8.375 02/15/32

412,743

566,000

(a) Mueller Water Products Inc

4.000 06/15/29

550,830

600,000

Murphy Oil Corp

6.000 10/01/32

599,497

329,000

Murphy Oil Corp

5.875 12/01/42

288,293

426,000

Murphy Oil USA Inc

5.625 05/01/27

426,180

510,000

Murphy Oil USA Inc

4.750 09/15/29

507,504

627,000

(a) Murphy Oil USA Inc

3.750 02/15/31

588,937

457,000

(a) Nabors Industries Inc

9.125 01/31/30

482,606

1,090,000

(a) Nabors Industries Inc

8.875 08/15/31

1,108,340

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

250,000

(a) Nabors Industries Inc

7.625 %

11/15/32

$

254,676

1,550,000

(a) National Mentor Holdings Inc

10.500 12/15/30

1,601,591

621,000

(a) NCL Corp Ltd

7.750 02/15/29

663,656

442,000

(a) NCL Corp Ltd

6.250 03/01/30

451,751

1,457,000

(a) NCL Corp Ltd

5.875 01/15/31

1,460,988

2,013,000

(a) NCL Corp Ltd

6.750 02/01/32

2,062,934

1,520,000

(a) NCL Corp Ltd

6.250 09/15/33

1,528,398

446,000

(a) NCL Finance Ltd

6.125 03/15/28

458,448

1,614,000

(a) NCR Atleos Corp

9.500 04/01/29

1,729,750

621,000

(a) NCR Voyix Corp

5.000 10/01/28

612,974

556,000

(a) NCR Voyix Corp

5.125 04/15/29

547,948

375,000

(a) Neogen Food Safety Corp

8.625 07/20/30

399,774

3,181,000

(a) Neptune Bidco US Inc

9.290 04/15/29

3,266,270

1,465,000

(a) Neptune Bidco US Inc

10.375 05/15/31

1,548,935

1,400,000

(a) Neptune Bidco US Inc

9.500 02/15/33

1,425,573

1,118,000

(a) NESCO Holdings II Inc

5.500 04/15/29

1,101,677

686,000

(a) New Enterprise Stone & Lime Co Inc

5.250 07/15/28

686,184

691,000

(a) New Flyer Holdings Inc

9.250 07/01/30

744,467

395,000

(a) New Gold Inc

6.875 04/01/32

419,658

950,000

(a) New Home Co Inc/The

9.250 10/01/29

1,001,043

215,000

(a) New Home Co Inc/The

8.500 11/01/30

223,954

630,000

Newell Brands Inc

6.375 09/15/27

635,317

1,318,000

(a) Newell Brands Inc

8.500 06/01/28

1,381,851

567,000

Newell Brands Inc

6.625 09/15/29

567,602

851,000

Newell Brands Inc

6.375 05/15/30

841,154

1,197,000

Newell Brands Inc

6.625 05/15/32

1,172,263

347,000

Newell Brands Inc

7.375 04/01/36

335,717

699,000

Newell Brands Inc

7.000 04/01/46

590,247

571,000

Newmark Group Inc

7.500 01/12/29

606,687

1,846,000

(a) Nexstar Media Inc

5.625 07/15/27

1,846,473

1,425,000

(a) Nexstar Media Inc

4.750 11/01/28

1,416,396

1,099,000

(a) NGL Energy Operating LLC / NGL Energy Finance Corp

8.125 02/15/29

1,140,464

1,616,000

(a) NGL Energy Operating LLC / NGL Energy Finance Corp

8.375 02/15/32

1,691,399

543,000

(a) Nissan Motor Acceptance Co LLC

5.300 09/13/27

544,153

549,000

(a) Nissan Motor Acceptance Co LLC

2.750 03/09/28

522,253

396,000

(a) Nissan Motor Acceptance Co LLC

2.450 09/15/28

368,348

707,000

(a) Nissan Motor Acceptance Co LLC

7.050 09/15/28

733,073

1,008,000

(a) Nissan Motor Acceptance Co LLC

5.625 09/29/28

1,011,456

419,000

(a) Nissan Motor Acceptance Co LLC

5.550 09/13/29

416,518

1,355,000

(a) Nissan Motor Acceptance Co LLC

6.125 09/30/30

1,351,239

2,830,000

(a) Nissan Motor Co Ltd

4.345 09/17/27

2,799,184

2,211,000

(a) Nissan Motor Co Ltd

7.500 07/17/30

2,321,491

2,884,000

(a) Nissan Motor Co Ltd

4.810 09/17/30

2,722,626

803,000

(a) Nissan Motor Co Ltd

7.750 07/17/32

847,468

1,363,000

(a) Nissan Motor Co Ltd

8.125 07/17/35

1,455,578

1,603,000

(a) Noble Finance II LLC

8.000 04/15/30

1,671,055

507,000

Nordstrom Inc

4.000 03/15/27

500,958

251,000

Nordstrom Inc

6.950 03/15/28

258,719

580,000

Nordstrom Inc

4.375 04/01/30

553,723

648,000

Nordstrom Inc

4.250 08/01/31

599,305

1,077,000

Nordstrom Inc

5.000 01/15/44

799,860

668,000

(a) Northern Oil & Gas Inc

8.750 06/15/31

690,538

810,000

(a) Northern Oil & Gas Inc

7.875 10/15/33

817,791

773,000

(a) Northriver Midstream Finance LP

6.750 07/15/32

786,459

250,000

(a) NOVA Chemicals Corp

8.500 11/15/28

261,122

1,426,000

(a) NOVA Chemicals Corp

4.250 05/15/29

1,390,499

675,000

(a) NOVA Chemicals Corp

9.000 02/15/30

719,840

999,000

(a) NOVA Chemicals Corp

7.000 12/01/31

1,066,369

1,790,000

(a) Novelis Corp

4.750 01/30/30

1,735,101

824,000

(a) Novelis Corp

6.875 01/30/30

854,036

692,000

(a) Novelis Corp

3.875 08/15/31

633,227

1,384,000

(a) Novelis Corp

6.375 08/15/33

1,409,791

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

293,000

(a) Nufarm Australia Ltd / Nufarm Americas Inc

5.000 %

01/27/30

$

269,971

692,000

NuStar Logistics LP

5.625 04/28/27

698,918

738,000

NuStar Logistics LP

6.375 10/01/30

773,240

300,000

Oceaneering International Inc

6.000 02/01/28

304,825

528,000

(a) Odeon Finco PLC

12.750 11/01/27

541,750

504,000

(a) OI European Group BV

4.750 02/15/30

487,718

611,000

Olin Corp

5.625 08/01/29

612,662

789,000

Olin Corp

5.000 02/01/30

769,320

753,000

(a) Olin Corp

6.625 04/01/33

737,876

809,000

(a) Olympus Water US Holding Corp

4.250 10/01/28

786,310

1,764,000

(a) Olympus Water US Holding Corp

7.250 06/15/31

1,808,183

1,696,000

(a) Olympus Water US Holding Corp

7.250 02/15/33

1,689,400

708,000

(a) ON Semiconductor Corp

3.875 09/01/28

693,691

667,000

(a) OneSky Flight LLC

8.875 12/15/29

713,179

566,000

(a) Ontario Gaming GTA LP/OTG Co-Issuer Inc

8.000 08/01/30

543,574

1,463,000

(a) Opal Bidco SAS

6.500 03/31/32

1,492,877

875,000

(a) Open Text Corp

3.875 02/15/28

847,010

1,047,000

(a) Open Text Corp

3.875 12/01/29

971,804

1,304,000

(a) Open Text Holdings Inc

4.125 02/15/30

1,211,299

775,000

(a) Open Text Holdings Inc

4.125 12/01/31

696,236

617,000

(a) Option Care Health Inc

4.375 10/31/29

603,806

2,503,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

4.125 04/30/28

2,454,991

1,952,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

5.125 04/30/31

1,772,715

649,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

6.750 05/15/34

634,191

876,000

(a) Organon & Co / Organon Foreign Debt Co-Issuer BV

7.875 05/15/34

823,470

443,000

(a) Outfront Media Capital LLC / Outfront Media Capital Corp

5.000 08/15/27

442,909

513,000

(a) Outfront Media Capital LLC / Outfront Media Capital Corp

4.250 01/15/29

500,726

681,000

(a) Outfront Media Capital LLC / Outfront Media Capital Corp

4.625 03/15/30

664,969

867,000

(a) Outfront Media Capital LLC / Outfront Media Capital Corp

7.375 02/15/31

913,095

629,000

(a) Owens & Minor Inc

4.500 03/31/29

413,841

784,000

(a) Owens & Minor Inc

6.625 04/01/30

440,985

675,000

(a) Owens-Brockway Glass Container Inc

6.625 05/13/27

676,943

944,000

(a) Owens-Brockway Glass Container Inc

7.250 05/15/31

960,749

272,000

(a) Owens-Brockway Glass Container Inc

7.375 06/01/32

277,416

483,000

(a) Pagaya US Holdings Co LLC

8.875 08/01/30

430,980

461,000

(a) Papa John's International Inc

3.875 09/15/29

440,187

599,000

(a) Paradigm Parent LLC and Paradigm Parent CO-Issuer Inc

8.750 04/17/32

534,607

892,000

Paramount Global

6.250 02/28/57

810,605

991,000

Paramount Global

6.375 03/30/62

931,936

970,000

(a) Park River Holdings Inc

8.000 03/15/31

999,552

416,000

(a) Park-Ohio Industries Inc

8.500 08/01/30

427,207

404,000

(a) Patrick Industries Inc

4.750 05/01/29

399,914

621,000

(a) Patrick Industries Inc

6.375 11/01/32

635,579

324,000

(a) Paysafe Finance PLC / Paysafe Holdings US Corp

4.000 06/15/29

289,270

960,000

PBF Holding Co LLC / PBF Finance Corp

6.000 02/15/28

958,583

796,000

(a) PBF Holding Co LLC / PBF Finance Corp

9.875 03/15/30

844,133

861,000

(a) PBF Holding Co LLC / PBF Finance Corp

7.875 09/15/30

862,164

508,000

(a) Pediatrix Medical Group Inc

5.375 02/15/30

507,962

532,000

(a) Penn Entertainment Inc

5.625 01/15/27

531,018

390,000

(a) Penn Entertainment Inc

4.125 07/01/29

361,933

625,000

Penske Automotive Group Inc

3.750 06/15/29

603,877

325,000

(a) Perenti Finance Pty Ltd

7.500 04/26/29

337,460

1,223,000

(a) Performance Food Group Inc

5.500 10/15/27

1,223,663

983,000

(a) Performance Food Group Inc

4.250 08/01/29

962,507

1,520,000

(a) Performance Food Group Inc

6.125 09/15/32

1,561,128

750,000

(a) PERIMETER HOL

6.250 01/15/34

750,030

345,000

(a) Permian Resources Operating LLC

8.000 04/15/27

348,137

405,000

(a) Permian Resources Operating LLC

5.875 07/01/29

406,360

873,000

(a) Permian Resources Operating LLC

9.875 07/15/31

936,394

1,441,000

(a) Permian Resources Operating LLC

7.000 01/15/32

1,510,602

1,242,000

(a) Permian Resources Operating LLC

6.250 02/01/33

1,279,448

656,000

Perrigo Finance Unlimited Co

5.150 06/15/30

636,295

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,079,000

Perrigo Finance Unlimited Co

6.125 %

09/30/32

$

1,061,226

400,000

Perrigo Finance Unlimited Co

4.900 12/15/44

315,244

2,361,000

(a) PetSmart Inc / PetSmart Finance Corp

7.500 09/15/32

2,421,113

500,000

(a) Phinia Inc

6.750 04/15/29

516,864

691,000

(a) Phinia Inc

6.625 10/15/32

719,364

1,083,000

Pilgrim's Pride Corp

4.250 04/15/31

1,055,708

1,156,000

Pilgrim's Pride Corp

3.500 03/01/32

1,068,400

1,038,000

Pilgrim's Pride Corp

6.250 07/01/33

1,109,615

676,000

Pilgrim's Pride Corp

6.875 05/15/34

747,813

239,000

(a) Pitney Bowes Inc

6.875 03/15/27

238,669

420,000

(a) Pitney Bowes Inc

7.250 03/15/29

424,105

1,389,000

(a) Post Holdings Inc

4.625 04/15/30

1,356,375

1,045,000

(a) Post Holdings Inc

4.500 09/15/31

989,996

1,468,000

(a) Post Holdings Inc

6.250 02/15/32

1,507,350

1,640,000

(a) Post Holdings Inc

6.375 03/01/33

1,652,576

944,000

(a) Post Holdings Inc

6.250 10/15/34

950,755

1,550,000

(a) Post Holdings Inc

6.500 03/15/36

1,551,401

555,000

(a) Prairie Acquiror LP

9.000 08/01/29

575,647

449,000

(a) Precision Drilling Corp

6.875 01/15/29

454,094

386,000

(a) Prestige Brands Inc

5.125 01/15/28

386,146

817,000

(a) Prestige Brands Inc

3.750 04/01/31

763,671

1,807,000

(a) Prime Healthcare Services Inc

9.375 09/01/29

1,881,539

1,170,000

(a) Prime Security Services Borrower LLC / Prime Finance Inc

3.375 08/31/27

1,146,056

924,000

(a) Primo Water Holdings Inc / Triton Water Holdings Inc

6.250 04/01/29

924,770

848,000

(a) Primo Water Holdings Inc / Triton Water Holdings Inc

4.375 04/30/29

829,046

498,000

(a) PTC Inc

4.000 02/15/28

490,743

1,075,000

(a) Qnity Electronics Inc

5.750 08/15/32

1,095,118

1,044,000

(a) Qnity Electronics Inc

6.250 08/15/33

1,077,506

4,818,000

(a) Quikrete Holdings Inc

6.375 03/01/32

4,996,707

1,961,000

(a) Quikrete Holdings Inc

6.750 03/01/33

2,037,220

2,752,000

(a) QXO Building Products Inc

6.750 04/30/32

2,835,881

1,091,000

(a) Radiology Partners Inc

8.500 07/15/32

1,145,517

400,000

(a) Railworks Holdings LP / Railworks Rally Inc

8.250 11/15/28

406,206

1,580,000

(a) Rain Carbon Inc

12.250 09/01/29

1,678,819

2,539,000

(a) Rakuten Group Inc

11.250 02/15/27

2,704,687

2,278,000

(a) Rakuten Group Inc

9.750 04/15/29

2,552,166

671,000

(a),(b)

Rakuten Group Inc

8.125 N/A

694,476

1,148,000

(a),(b)

Rakuten Group Inc

6.250 N/A

1,109,934

1,057,000

(a) Rand Parent LLC

8.500 02/15/30

1,104,576

550,000

(a) Range Resources Corp

4.750 02/15/30

542,454

1,632,000

(a) Raven Acquisition Holdings LLC

6.875 11/15/31

1,635,468

452,000

(a) RB Global Holdings Inc

6.750 03/15/28

460,399

1,127,000

(a) RB Global Holdings Inc

7.750 03/15/31

1,174,770

311,000

(a) Resideo Funding Inc

4.000 09/01/29

299,578

832,000

(a) Resideo Funding Inc

6.500 07/15/32

845,113

1,060,000

(a) Resorts World Las Vegas LLC / RWLV Capital Inc

4.625 04/16/29

967,115

719,000

(a) Resorts World Las Vegas LLC / RWLV Capital Inc

8.450 07/27/30

730,595

344,000

(a) Resorts World Las Vegas LLC / RWLV Capital Inc

4.625 04/06/31

294,745

938,000

(a) Reworld Holding Corp

4.875 12/01/29

908,055

296,000

(a) RingCentral Inc

8.500 08/15/30

310,773

698,000

(a) Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp

6.625 02/01/33

710,454

711,000

(a) Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp

6.250 10/15/30

721,777

1,191,000

(a) ROBLOX Corp

3.875 05/01/30

1,139,519

966,000

(a) Rocket Software Inc

9.000 11/28/28

963,589

550,000

(a) Rockies Express Pipeline LLC

4.950 07/15/29

548,291

434,000

(a) Rockies Express Pipeline LLC

4.800 05/15/30

427,671

780,000

(a) Rockies Express Pipeline LLC

6.750 03/15/33

822,736

331,000

(a) Rockies Express Pipeline LLC

7.500 07/15/38

362,326

527,000

(a) Rockies Express Pipeline LLC

6.875 04/15/40

539,504

1,670,000

Rogers Communications Inc

7.000 04/15/55

1,732,244

1,124,000

Rogers Communications Inc

7.125 04/15/55

1,178,680

689,000

(a) Rogers Communications Inc

5.250 03/15/82

688,286

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

635,000

(a) Roller Bearing Co of America Inc

4.375 %

10/15/29

$

625,314

1,283,000

(a) RR Donnelley & Sons Co

9.500 08/01/29

1,335,216

581,000

(a) RR Donnelley & Sons Co

10.875 08/01/29

595,524

361,000

(a) RXO Inc

7.500 11/15/27

367,956

711,000

(a) S&S Holdings LLC

8.375 10/01/31

677,892

400,000

(a) Sabre Financial Borrower LLC

11.125 06/15/29

404,544

469,000

(a) Sabre GLBL Inc

10.750 11/15/29

382,788

976,000

(a) Sabre GLBL Inc

10.750 03/15/30

783,240

2,203,000

(a) Sabre GLBL Inc

11.125 07/15/30

1,781,676

335,000

Safeway Inc

7.250 02/01/31

363,119

770,000

Sally Holdings LLC / Sally Capital Inc

6.750 03/01/32

798,109

484,000

(a) Saturn Oil & Gas Inc

9.625 06/15/29

495,158

1,827,000

SBA Communications Corp

3.875 02/15/27

1,813,457

1,761,000

SBA Communications Corp

3.125 02/01/29

1,681,952

502,000

(a) Science Applications International Corp

4.875 04/01/28

500,729

583,000

(a) Science Applications International Corp

5.875 11/01/33

587,587

1,302,000

(a) SCIH Salt Holdings Inc

4.875 05/01/28

1,298,838

400,000

Scotts Miracle-Gro Co/The

5.250 12/15/26

399,883

482,000

Scotts Miracle-Gro Co/The

4.500 10/15/29

474,599

622,000

Scotts Miracle-Gro Co/The

4.000 04/01/31

585,506

375,000

Scotts Miracle-Gro Co/The

4.375 02/01/32

353,520

671,000

(a) Scripps Escrow II Inc

3.875 01/15/29

619,269

698,000

(a) Seadrill Finance Ltd

8.375 08/01/30

731,216

449,000

(a) Seagate Data Storage Technology Pte Ltd

4.091 06/01/29

440,097

495,000

(a) Seagate Data Storage Technology Pte Ltd

8.250 12/15/29

522,856

621,000

(a) Seagate Data Storage Technology Pte Ltd

5.875 07/15/30

639,741

608,000

(a) Seagate Data Storage Technology Pte Ltd

8.500 07/15/31

643,380

808,000

(a) Seagate Data Storage Technology Pte Ltd

9.625 12/01/32

913,375

395,000

(a) Seagate Data Storage Technology Pte Ltd

5.750 12/01/34

403,415

591,000

(a) Sealed Air Corp

4.000 12/01/27

588,753

577,000

(a) Sealed Air Corp

5.000 04/15/29

580,797

674,000

(a) Sealed Air Corp

6.500 07/15/32

699,710

428,000

(a) Sealed Air Corp

6.875 07/15/33

449,962

590,000

(a) Sealed Air Corp/Sealed Air Corp US

6.125 02/01/28

598,806

798,000

(a) Sealed Air Corp/Sealed Air Corp US

7.250 02/15/31

830,940

872,000

(a) SeaWorld Parks & Entertainment Inc

5.250 08/15/29

852,483

818,000

(a) Select Medical Corp

6.250 12/01/32

793,856

1,500,000

(a) Sensata Technologies BV

4.000 04/15/29

1,468,539

400,000

(a) Sensata Technologies Inc

4.375 02/15/30

391,134

974,000

(a) Sensata Technologies Inc

3.750 02/15/31

912,745

911,000

(a) Sensata Technologies Inc

6.625 05/31/32

951,669

800,000

Service Corp International/US

4.625 12/15/27

799,016

680,000

Service Corp International/US

5.125 06/01/29

684,162

969,000

Service Corp International/US

3.375 08/15/30

906,457

1,136,000

Service Corp International/US

4.000 05/15/31

1,081,041

1,021,000

Service Corp International/US

5.750 10/15/32

1,037,196

609,000

(a) SESI LLC

7.875 09/30/30

614,070

444,000

Shea Homes LP / Shea Homes Funding Corp

4.750 02/15/28

443,161

467,000

Shea Homes LP / Shea Homes Funding Corp

4.750 04/01/29

460,891

1,954,000

(a) Shift4 Payments LLC / Shift4 Payments Finance Sub Inc

6.750 08/15/32

1,993,455

681,000

Silgan Holdings Inc

4.125 02/01/28

674,945

1,017,000

(a) Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet

Food Inc/Simmons Feed

4.625 03/01/29

980,166

1,619,000

(a) Sinclair Television Group Inc

8.125 02/15/33

1,674,726

1,318,000

(a) Sirius XM Radio LLC

5.000 08/01/27

1,315,709

3,106,000

(a) Sirius XM Radio LLC

4.000 07/15/28

3,034,002

1,518,000

(a) Sirius XM Radio LLC

5.500 07/01/29

1,524,796

1,782,000

(a) Sirius XM Radio LLC

4.125 07/01/30

1,680,460

1,496,000

(a) Sirius XM Radio LLC

3.875 09/01/31

1,366,378

1,006,000

(a) SIX FLAGS ENTERTAINMENT

6.625 05/01/32

1,027,974

442,000

(a) Six Flags Entertainment Corp

5.500 04/15/27

441,779

935,000

Six Flags Entertainment Corp

7.250 05/15/31

922,723

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

446,000

Six Flags Entertainment Corp / Canada's Wonderland Co /

Magnum Management Corp

5.375 %

04/15/27

$

446,043

451,000

Six Flags Entertainment Corp / Canada's Wonderland Co /

Magnum Management Corp

6.500 10/01/28

450,463

969,000

Six Flags Entertainment Corp / Canada's Wonderland Co /

Magnum Management Corp

5.250 07/15/29

930,439

1,150,000

(a) SIX FLAGS/CAN WON/MILLEN

8.625 01/15/32

1,173,517

771,000

(a) SK Invictus Intermediate II Sarl

5.000 10/30/29

758,664

559,000

SM Energy Co

6.625 01/15/27

559,574

1,255,000

(a) SM Energy Co

8.375 07/01/28

1,291,769

349,000

SM Energy Co

6.500 07/15/28

353,091

1,053,000

(a) SM Energy Co

6.750 08/01/29

1,064,986

1,126,000

(a) SM Energy Co

8.625 11/01/30

1,190,887

2,008,000

(a) SM Energy Co

8.750 07/01/31

2,109,119

896,000

(a) SM Energy Co

7.000 08/01/32

898,296

1,079,000

(a) SM Energy Co

9.625 06/15/33

1,180,088

1,059,000

(a) Smyrna Ready Mix Concrete LLC

6.000 11/01/28

1,062,307

1,610,000

(a) Smyrna Ready Mix Concrete LLC

8.875 11/15/31

1,716,413

1,705,000

(a) Snap Inc

6.875 03/01/33

1,749,594

726,000

(a) Snap Inc

6.875 03/15/34

741,336

289,000

(a) SNF Group SACA

3.125 03/15/27

284,083

350,000

(a) SNF Group SACA

3.375 03/15/30

329,108

1,111,000

(a) Solstice Advanced Materials Inc

5.625 09/30/33

1,116,873

994,000

(a) Somnigroup International Inc

4.000 04/15/29

964,339

931,000

(a) Somnigroup International Inc

3.875 10/15/31

868,761

764,000

(a) Sonic Automotive Inc

4.625 11/15/29

750,807

673,000

(a) Sonic Automotive Inc

4.875 11/15/31

648,915

974,000

(a) Sotera Health Holdings LLC

7.375 06/01/31

1,024,857

989,000

(a) Sotheby's

7.375 10/15/27

985,164

333,000

(a) Sotheby's/Bidfair Holdings Inc

5.875 06/01/29

319,314

724,000

South Bow Canadian Infrastructure Holdings Ltd

7.500 03/01/55

765,338

510,000

South Bow Canadian Infrastructure Holdings Ltd

7.625 03/01/55

531,664

662,000

(a) Specialty Building Products Holdings LLC / SBP Finance Corp

7.750 10/15/29

659,803

334,000

(a) Speedway Motorsports LLC / Speedway Funding II Inc

4.875 11/01/27

333,483

1,972,000

(a) SS&C Technologies Inc

5.500 09/30/27

1,970,294

1,095,000

(a) SS&C Technologies Inc

6.500 06/01/32

1,130,504

1,262,000

(a) Stagwell Global LLC

5.625 08/15/29

1,223,715

1,357,000

(a) Standard Building Solutions Inc

6.500 08/15/32

1,399,253

1,241,000

(a) Standard Building Solutions Inc

6.250 08/01/33

1,268,497

922,000

(a) Standard Industries Inc/NY

4.750 01/15/28

917,180

1,878,000

(a) Standard Industries Inc/NY

4.375 07/15/30

1,811,728

1,782,000

(a) Standard Industries Inc/NY

3.375 01/15/31

1,644,500

2,982,000

(a) Staples Inc

10.750 09/01/29

2,930,210

425,000

(a) Star Holding LLC

8.750 08/01/31

426,038

976,000

(a) Star Leasing Co LLC

7.625 02/15/30

934,028

1,211,000

(a) Star Parent Inc

9.000 10/01/30

1,278,177

655,000

(a) Station Casinos LLC

4.500 02/15/28

652,009

556,000

(a) Station Casinos LLC

4.625 12/01/31

533,761

799,000

(a) Station Casinos LLC

6.625 03/15/32

817,242

1,041,000

(a) Stena International SA

7.250 01/15/31

1,069,547

524,000

(a) Stena International SA

7.625 02/15/31

542,295

1,400,000

(a) STL Holding Co LLC

8.750 02/15/29

1,472,211

1,718,000

(a) StoneMor Inc

8.500 05/15/29

1,681,575

624,000

(a) Stonepeak Nile Parent LLC

7.250 03/15/32

659,190

762,000

(a) Suburban Propane Partners LP/Suburban Energy Finance Corp

5.000 06/01/31

731,853

700,000

(a) Suburban Propane Partners LP/Suburban Energy Finance Corp

6.500 12/15/35

696,394

932,000

(a) Summit Midstream Holdings LLC

8.625 10/31/29

973,717

493,000

(a) SunCoke Energy Inc

4.875 06/30/29

464,888

292,000

(a) Sunoco LP

5.875 07/15/27

292,242

628,000

(a) Sunoco LP

7.000 05/01/29

653,014

300,000

(a) Sunoco LP

4.500 10/01/29

293,582

314,000

(a) Sunoco LP

4.625 05/01/30

306,174

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,080,000

(a) Sunoco LP

5.625 %

03/31/31

$

1,086,619

2,603,000

(a) Sunoco LP

7.250 05/01/32

2,752,990

345,000

(a) Sunoco LP

6.625 08/15/32

355,809

1,694,000

(a) Sunoco LP

6.250 07/01/33

1,737,739

1,204,000

(a) Sunoco LP

5.875 03/15/34

1,207,206

331,000

Sunoco LP / Sunoco Finance Corp

6.000 04/15/27

331,342

1,056,000

Sunoco LP / Sunoco Finance Corp

5.875 03/15/28

1,056,039

226,000

(a) Sunoco LP / Sunoco Finance Corp

7.000 09/15/28

233,328

893,000

Sunoco LP / Sunoco Finance Corp

4.500 05/15/29

878,955

949,000

Sunoco LP / Sunoco Finance Corp

4.500 04/30/30

926,624

1,472,000

(a) Sunrise FinCo I BV

4.875 07/15/31

1,409,911

586,000

(a) Superior Plus LP / Superior General Partner Inc

4.500 03/15/29

572,563

451,000

(a) Synaptics Inc

4.000 06/15/29

436,947

725,000

(a) Synergy Infrastructure Holdings LLC

7.875 12/01/30

756,274

628,000

(a) Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

5.500 01/15/28

627,783

905,000

(a) Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

7.375 02/15/29

938,188

872,000

(a) Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

6.000 12/31/30

884,884

1,006,000

(a) Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

6.000 09/01/31

1,012,356

736,000

(a) Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

6.750 03/15/34

749,035

881,000

(a) Talos Production Inc

9.000 02/01/29

917,958

642,000

(a) Talos Production Inc

9.375 02/01/31

680,103

577,000

(a) Taseko Mines Ltd

8.250 05/01/30

612,452

702,000

(a) Taylor Morrison Communities Inc

5.750 01/15/28

715,408

1,092,000

(a) Taylor Morrison Communities Inc

5.125 08/01/30

1,098,977

1,117,000

(a) Team Health Holdings Inc

8.375 06/30/28

1,130,594

1,049,000

TEGNA Inc

4.625 03/15/28

1,041,702

1,383,000

TEGNA Inc

5.000 09/15/29

1,373,374

1,200,000

(a) Teine Energy Ltd

6.875 04/15/29

1,200,936

552,000

Telecom Italia Capital SA

6.375 11/15/33

579,098

557,000

Telecom Italia Capital SA

6.000 09/30/34

570,661

551,000

Telecom Italia Capital SA

7.200 07/18/36

597,349

732,000

Telecom Italia Capital SA

7.721 06/04/38

817,809

646,000

Teleflex Inc

4.625 11/15/27

642,458

579,000

(a) Teleflex Inc

4.250 06/01/28

570,962

818,000

TELUS Corp

6.625 10/15/55

836,593

1,024,000

TELUS Corp

7.000 10/15/55

1,070,937

650,000

TELUS Corp

6.375 06/09/56

656,718

600,000

TELUS Corp

6.625 06/09/56

602,681

282,000

Tenet Healthcare Corp

5.125 11/01/27

282,077

765,000

Tenet Healthcare Corp

4.625 06/15/28

762,864

1,051,000

Tenet Healthcare Corp

6.125 10/01/28

1,052,077

2,915,000

Tenet Healthcare Corp

4.250 06/01/29

2,864,640

2,350,000

Tenet Healthcare Corp

4.375 01/15/30

2,309,222

2,546,000

Tenet Healthcare Corp

6.125 06/15/30

2,598,216

2,211,000

Tenet Healthcare Corp

6.750 05/15/31

2,296,462

1,012,000

Tenet Healthcare Corp

6.875 11/15/31

1,105,996

1,400,000

(a) Tenet Healthcare Corp

5.500 11/15/32

1,414,414

1,075,000

(a) Tenet Healthcare Corp

6.000 11/15/33

1,106,209

2,338,000

(a) Tenneco Inc

8.000 11/17/28

2,351,913

710,000

(a) Terex Corp

5.000 05/15/29

707,754

969,000

(a) Terex Corp

6.250 10/15/32

992,168

800,000

(a) TGNR Intermediate Holdings LLC

5.500 10/15/29

791,645

592,000

(a) TGS ASA

8.500 01/15/30

622,704

645,000

(a) Thor Industries Inc

4.000 10/15/29

619,961

744,000

(a) Tidewater Inc

9.125 07/15/30

804,771

409,000

Titan International Inc

7.000 04/30/28

410,786

1,877,000

(a) TK Elevator US Newco Inc

5.250 07/15/27

1,877,546

560,000

(a) TKC Holdings Inc

6.875 05/15/28

563,879

446,000

(a) TMS International Corp/DE

6.250 04/15/29

434,850

460,000

(a) TopBuild Corp

3.625 03/15/29

445,505

525,000

(a) TopBuild Corp

4.125 02/15/32

499,021

1,033,000

(a) TopBuild Corp

5.625 01/31/34

1,042,305

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,882,000

(a) TransDigm Inc

6.750 %

08/15/28

$

1,913,672

1,306,000

TransDigm Inc

4.625 01/15/29

1,298,106

2,716,000

(a) TransDigm Inc

6.375 03/01/29

2,792,931

1,006,000

TransDigm Inc

4.875 05/01/29

1,004,159

1,458,000

(a) TransDigm Inc

6.875 12/15/30

1,518,631

1,231,000

(a) TransDigm Inc

7.125 12/01/31

1,290,961

3,005,000

(a) TransDigm Inc

6.625 03/01/32

3,107,089

3,488,000

(a) TransDigm Inc

6.000 01/15/33

3,553,899

2,989,000

(a) TransDigm Inc

6.375 05/31/33

3,042,838

621,000

(a) TransDigm Inc

6.250 01/31/34

641,784

2,370,000

(a) TransDigm Inc

6.750 01/31/34

2,452,988

1,293,000

(a) Transocean International Ltd

8.750 02/15/30

1,347,867

1,017,000

(a) Transocean International Ltd

7.875 10/15/32

1,072,768

428,000

(a) Transocean Titan Financing Ltd

8.375 02/01/28

436,849

425,000

Travel + Leisure Co

6.000 04/01/27

430,328

758,000

(a) Travel + Leisure Co

4.500 12/01/29

738,911

522,000

(a) Travel + Leisure Co

4.625 03/01/30

509,475

707,000

(a) Travel + Leisure Co

6.125 09/01/33

714,510

371,000

Tri Pointe Homes Inc

5.250 06/01/27

372,064

452,000

Tri Pointe Homes Inc

5.700 06/15/28

456,882

552,000

(a) TriMas Corp

4.125 04/15/29

538,132

581,000

(a) TriNet Group Inc

3.500 03/01/29

549,096

511,000

(a) TriNet Group Inc

7.125 08/15/31

525,734

732,000

(a) Trinity Industries Inc

7.750 07/15/28

755,578

653,000

(a) Trivium Packaging Finance BV

8.250 07/15/30

696,799

1,286,000

(a) Tronox Inc

4.625 03/15/29

988,462

513,000

(a) Tronox Inc

9.125 09/30/30

506,122

535,000

(a) TTM Technologies Inc

4.000 03/01/29

519,687

400,000

(a) Turning Point Brands Inc

7.625 03/15/32

429,054

484,000

(a) Tutor Perini Corp

11.875 04/30/29

534,340

544,000

Twilio Inc

3.625 03/15/29

520,934

609,000

Twilio Inc

3.875 03/15/31

575,505

3,064,000

(a) UKG Inc

6.875 02/01/31

3,061,530

476,000

(a) Under Armour Inc

7.250 07/15/30

486,126

792,000

(a) Unisys Corp

10.625 01/15/31

750,080

165,000

United Airlines Holdings Inc

5.375 03/01/31

166,639

673,000

United Rentals North America Inc

3.875 11/15/27

667,374

1,373,000

United Rentals North America Inc

4.875 01/15/28

1,373,302

1,966,000

United Rentals North America Inc

5.250 01/15/30

1,987,250

1,875,000

United Rentals North America Inc

4.000 07/15/30

1,811,646

1,180,000

United Rentals North America Inc

3.875 02/15/31

1,124,886

842,000

United Rentals North America Inc

3.750 01/15/32

786,822

900,000

(a) United Rentals North America Inc

5.375 11/15/33

899,471

1,394,000

(a) United Rentals North America Inc

6.125 03/15/34

1,448,428

576,000

United States Steel Corp

6.875 03/01/29

577,676

324,000

United States Steel Corp

6.650 06/01/37

341,104

671,000

(a) Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC

4.750 04/15/28

669,542

379,000

(a) Universal Entertainment Corp

9.875 08/01/29

372,066

1,425,000

Univision Communications Inc

8.000 08/15/28

1,470,596

1,038,000

(a) Univision Communications Inc

4.500 05/01/29

991,450

1,264,000

(a) Univision Communications Inc

7.375 06/30/30

1,280,563

1,572,000

(a) Univision Communications Inc

8.500 07/31/31

1,639,371

2,173,000

(a) Univision Communications Inc

9.375 08/01/32

2,339,573

558,000

(a) Upbound Group Inc

6.375 02/15/29

552,940

1,261,000

(a) US Acute Care Solutions LLC

9.750 05/15/29

1,266,522

928,000

(a) US Foods Inc

6.875 09/15/28

957,109

862,000

(a) US Foods Inc

4.750 02/15/29

858,548

627,000

(a) US Foods Inc

4.625 06/01/30

617,620

519,000

(a) US Foods Inc

7.250 01/15/32

544,541

728,000

(a) US Foods Inc

5.750 04/15/33

740,587

1,059,000

(a) USA Compression Partners LP / USA Compression Finance Corp

7.125 03/15/29

1,096,509

1,119,000

(a) USA Compression Partners LP / USA Compression Finance Corp

6.250 10/01/33

1,133,544

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

509,000

(a) Vail Resorts Inc

5.625 %

07/15/30

$

516,953

815,000

(a) Vail Resorts Inc

6.500 05/15/32

844,628

1,254,000

(a) Valaris Ltd

8.375 04/30/30

1,310,317

609,000

(a) Valvoline Inc

3.625 06/15/31

559,360

481,000

(a) Varex Imaging Corp

7.875 10/15/27

489,426

660,000

(a) Velocity Vehicle Group LLC

8.000 06/01/29

645,983

1,638,000

(a) Venture Global Calcasieu Pass LLC

3.875 08/15/29

1,556,132

987,000

(a) Venture Global Calcasieu Pass LLC

6.250 01/15/30

1,011,392

1,866,000

(a) Venture Global Calcasieu Pass LLC

4.125 08/15/31

1,721,832

1,449,000

(a) Venture Global Calcasieu Pass LLC

3.875 11/01/33

1,257,362

2,295,000

(a) Venture Global LNG Inc

8.125 06/01/28

2,349,385

2,983,000

(a) Venture Global LNG Inc

9.500 02/01/29

3,176,507

2,756,000

(a) Venture Global LNG Inc

7.000 01/15/30

2,773,076

3,029,000

(a) Venture Global LNG Inc

8.375 06/01/31

3,098,107

2,363,000

(a) Venture Global LNG Inc

9.875 02/01/32

2,498,390

1,075,000

(a) Venture Global Plaquemines LNG LLC

6.125 12/15/30

1,106,500

1,356,000

(a) Venture Global Plaquemines LNG LLC

7.500 05/01/33

1,486,675

2,115,000

(a) Venture Global Plaquemines LNG LLC

6.500 01/15/34

2,194,943

1,140,000

(a) Venture Global Plaquemines LNG LLC

6.500 06/15/34

1,180,618

2,047,000

(a) Venture Global Plaquemines LNG LLC

7.750 05/01/35

2,282,616

4,017,000

(a) Venture Global Plaquemines LNG LLC

6.750 01/15/36

4,210,860

1,219,000

Veritiv Operating Co

10.500 11/30/30

1,305,241

435,000

(a) Vermilion Energy Inc

6.875 05/01/30

434,678

559,000

(a) Vermilion Energy Inc

7.250 02/15/33

541,362

1,140,000

(a) Versant Media Group Inc

7.250 01/30/31

1,168,260

428,000

VF Corp

2.800 04/23/27

417,482

1,111,000

VF Corp

2.950 04/23/30

1,013,364

300,000

VF Corp

6.000 10/15/33

301,918

311,000

VF Corp

6.450 11/01/37

300,362

613,000

(a) Viasat Inc

5.625 04/15/27

613,325

479,000

(a) Viavi Solutions Inc

3.750 10/01/29

455,276

706,000

(a) Victoria's Secret & Co

4.625 07/15/29

690,357

535,000

(a) Victra Holdings LLC / Victra Finance Corp

8.750 09/15/29

563,195

1,049,000

(a) Viking Baked Goods Acquisition Corp

8.625 11/01/31

1,038,737

575,000

(a) Viking Cruises Ltd

7.000 02/15/29

577,318

578,000

(a) Viking Cruises Ltd

9.125 07/15/31

616,477

1,987,000

(a) Viking Cruises Ltd

5.875 10/15/33

2,014,404

400,000

(a) Viking Ocean Cruises Ship VII Ltd

5.625 02/15/29

400,017

750,000

(a) VIRGIN MEDI O2 VI DAC

8.500 03/15/33

743,444

1,150,000

(a) Virgin Media Finance PLC

5.000 07/15/30

1,004,837

1,541,000

(a) Virgin Media Secured Finance PLC

5.500 05/15/29

1,519,906

1,063,000

(a) Virgin Media Secured Finance PLC

4.500 08/15/30

982,011

680,000

(a) Virgin Media Vendor Financing Notes IV DAC

5.000 07/15/28

680,000

317,000

(a) Viridien

10.000 10/15/30

341,200

605,000

(a) VistaJet Malta Finance PLC / Vista Management Holding Inc

7.875 05/01/27

606,035

550,000

(a) VistaJet Malta Finance PLC / Vista Management Holding Inc

9.500 06/01/28

572,184

1,351,000

(a) VistaJet Malta Finance PLC / Vista Management Holding Inc

6.375 02/01/30

1,281,784

374,000

(a) Vivo Energy Investments BV

5.125 09/24/27

372,554

591,000

(a) VM Consolidated Inc

5.500 04/15/29

581,127

1,500,000

(a) Vmed O2 UK Financing I PLC

4.250 01/31/31

1,357,044

1,553,000

(a) Vmed O2 UK Financing I PLC

4.750 07/15/31

1,419,065

1,306,000

(a) Vmed O2 UK Financing I PLC

7.750 04/15/32

1,343,084

1,600,000

(a) Vmed O2 UK Financing I PLC

6.750 01/15/33

1,560,256

1,217,000

(a) VOC Escrow Ltd

5.000 02/15/28

1,216,213

2,528,000

Vodafone Group PLC

7.000 04/04/79

2,665,728

1,190,000

Vodafone Group PLC

4.125 06/04/81

1,119,810

1,346,000

Vodafone Group PLC

5.125 06/04/81

1,068,413

2,303,000

(a) Voyager Parent LLC

9.250 07/01/32

2,446,523

678,000

(a) VT Topco Inc

8.500 08/15/30

694,638

1,790,000

(a) VZ Secured Financing BV

5.000 01/15/32

1,616,295

984,000

(a) VZ Secured Financing BV

7.500 01/15/33

987,014

408,000

(a) W&T Offshore Inc

10.750 02/01/29

401,242

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

488,000

(a) Wabash National Corp

4.500 %

10/15/28

$

454,152

1,538,000

(a) Wand NewCo 3 Inc

7.625 01/30/32

1,617,127

1,985,000

Warnermedia Holdings Inc

3.755 03/15/27

1,970,331

1,381,000

Warnermedia Holdings Inc

4.054 03/15/29

1,339,633

628,000

Warnermedia Holdings Inc

4.279 03/15/32

520,675

2,734,000

Warnermedia Holdings Inc

4.279 03/15/32

2,405,920

4,605,000

Warnermedia Holdings Inc

5.050 03/15/42

3,235,012

1,128,000

Warnermedia Holdings Inc

5.141 03/15/52

749,701

1,007,000

(a) Waste Pro USA Inc

7.000 02/01/33

1,034,557

1,249,000

(a) Watco Cos LLC / Watco Finance Corp

7.125 08/01/32

1,309,314

972,000

(a) Wayfair LLC

7.250 10/31/29

1,016,312

885,000

(a) Wayfair LLC

7.750 09/15/30

940,861

652,000

(a) Wayfair LLC

6.750 11/15/32

673,889

780,000

(a) WBI Operating LLC

6.250 10/15/30

785,850

808,000

(a) WBI Operating LLC

6.500 10/15/33

815,636

1,371,000

(a) Weatherford International Ltd

6.750 10/15/33

1,419,984

483,000

(a) Weekley Homes LLC / Weekley Finance Corp

4.875 09/15/28

475,821

1,672,000

(a) WESCO Distribution Inc

7.250 06/15/28

1,692,112

884,000

(a) WESCO Distribution Inc

6.375 03/15/29

911,423

1,069,000

(a) WESCO Distribution Inc

6.625 03/15/32

1,116,993

1,128,000

(a) WESCO Distribution Inc

6.375 03/15/33

1,174,553

655,000

(a) WEX Inc

6.500 03/15/33

668,532

848,000

Whirlpool Corp

4.750 02/26/29

837,272

689,000

Whirlpool Corp

6.125 06/15/30

690,796

450,000

Whirlpool Corp

2.400 05/15/31

377,091

382,000

Whirlpool Corp

4.700 05/14/32

347,642

270,000

Whirlpool Corp

5.500 03/01/33

252,983

760,000

Whirlpool Corp

6.500 06/15/33

749,962

305,000

Whirlpool Corp

5.750 03/01/34

287,136

279,000

Whirlpool Corp

5.150 03/01/43

227,666

692,000

Whirlpool Corp

4.500 06/01/46

501,984

864,000

Whirlpool Corp

4.600 05/15/50

625,768

700,000

(a) Wildfire Intermediate Holdings LLC

7.500 10/15/29

709,650

741,000

(a) William Carter Co/The

7.375 02/15/31

766,054

463,000

(a) Williams Scotsman Inc

4.625 08/15/28

461,272

633,000

(a) Williams Scotsman Inc

6.625 06/15/29

654,433

793,000

(a) Williams Scotsman Inc

6.625 04/15/30

821,636

571,000

(a) Williams Scotsman Inc

7.375 10/01/31

595,321

907,000

(a) Windsor Holdings III LLC

8.500 06/15/30

955,740

1,579,000

(a) Windstream Services LLC

7.500 10/15/33

1,630,244

2,688,000

(a) Windstream Services LLC / Windstream Escrow Finance Corp

8.250 10/01/31

2,815,747

642,000

(a) Wolverine World Wide Inc

4.000 08/15/29

599,057

459,000

(a) WR Grace Holdings LLC

4.875 06/15/27

459,000

447,000

(a) WR Grace Holdings LLC

7.375 03/01/31

456,272

1,005,000

(a) WR Grace Holdings LLC

6.625 08/15/32

999,449

915,000

(a) Wrangler Holdco Corp

6.625 04/01/32

952,127

3,855,000

(a) WULF Compute LLC

7.750 10/15/30

4,020,842

585,000

(a) Wyndham Hotels & Resorts Inc

4.375 08/15/28

578,260

1,024,000

(a) Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp

5.250 05/15/27

1,029,755

757,000

(a) Wynn Resorts Finance LLC / Wynn Resorts Capital Corp

5.125 10/01/29

759,249

1,263,000

(a) Wynn Resorts Finance LLC / Wynn Resorts Capital Corp

7.125 02/15/31

1,360,790

1,091,000

(a) Wynn Resorts Finance LLC / Wynn Resorts Capital Corp

6.250 03/15/33

1,111,541

498,000

(a) Xerox Corp

10.250 10/15/30

410,575

576,000

(a) Xerox Corp

13.500 04/15/31

419,040

352,000

XPO CNW Inc

6.700 05/01/34

375,242

453,000

(a) XPO Inc

7.125 06/01/31

470,342

815,000

(a) XPO Inc

7.125 02/01/32

856,768

1,341,000

(a) Yum! Brands Inc

4.750 01/15/30

1,337,709

1,087,000

Yum! Brands Inc

3.625 03/15/31

1,027,593

1,312,000

Yum! Brands Inc

4.625 01/31/32

1,282,834

1,250,000

Yum! Brands Inc

5.375 04/01/32

1,266,051

455,000

Yum! Brands Inc

6.875 11/15/37

501,335

#### Portfolio of Investments January 31, 2026
(continued)

#### NHYB

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

419,000

Yum! Brands Inc

5.350 %

11/01/43

$

406,045

651,000

(a) Zebra Technologies Corp

6.500 06/01/32

670,553

770,000

(a) Zegona Finance PLC

8.625 07/15/29

811,759

741,000

(a) ZF North America Capital Inc

6.875 04/14/28

765,079

654,000

(a) ZF North America Capital Inc

7.125 04/14/30

669,296

914,000

(a) ZF North America Capital Inc

6.750 04/23/30

916,408

2,097,000

(a) ZF North America Capital Inc

7.500 03/24/31

2,149,402

789,000

ZF North America Capital Inc

6.875 04/23/32

786,762

519,000

(a) Ziff Davis Inc

4.625 10/15/30

490,723

548,000

(a) Ziggo Bond Co BV

5.125 02/28/30

481,445

1,123,000

(a) Ziggo BV

4.875 01/15/30

1,060,184

784,000

(a) ZipRecruiter Inc

5.000 01/15/30

543,993

763,000

(a) ZoomInfo Technologies LLC/ZoomInfo Finance Corp

3.875 02/01/29

697,422

TOTAL INDUSTRIAL

1,310,380,203

UTILITY - 4.3%

1,043,000

AES Corp/The

7.600 01/15/55

1,057,533

508,000

AES Corp/The

6.950 07/15/55

496,612

1,495,000

Algonquin Power & Utilities Corp

4.750 01/18/82

1,484,148

1,256,000

(a) Alpha Generation LLC

6.750 10/15/32

1,302,223

906,000

(a) Alpha Generation LLC

6.250 01/15/34

911,879

1,017,000

(a) AltaGas Ltd

7.200 10/15/54

1,057,722

300,000

(a) Atlantica Sustainable Infrastructure Ltd

4.125 06/15/28

294,313

1,112,000

(a) California Buyer Ltd / Atlantica Sustainable Infrastructure PLC

6.375 02/15/32

1,108,880

2,783,000

(a) Calpine Corp

4.500 02/15/28

2,780,563

1,335,000

(a) Calpine Corp

5.125 03/15/28

1,334,340

621,000

(a) Calpine Corp

4.625 02/01/29

619,652

1,054,000

(a) Calpine Corp

5.000 02/01/31

1,057,422

1,230,000

(a) Calpine Corp

3.750 03/01/31

1,185,947

814,000

(a) Clearway Energy Operating LLC

4.750 03/15/28

813,426

1,402,000

(a) Clearway Energy Operating LLC

3.750 02/15/31

1,313,048

323,000

(a) Clearway Energy Operating LLC

3.750 01/15/32

297,288

627,000

(a) ContourGlobal Power Holdings SA

6.750 02/28/30

646,613

676,000

DPL Inc

4.350 04/15/29

668,130

963,000

Edison International

8.125 06/15/53

996,590

222,000

Edison International

7.875 06/15/54

231,223

1,744,000

(a),(b)

Electricite de France SA

9.125 N/A

2,064,252

900,000

EUSHI Finance Inc

7.625 12/15/54

946,608

571,000

EUSHI Finance Inc

6.250 04/01/56

573,404

608,000

(a) Gates Corp/DE

6.875 07/01/29

632,036

622,000

(a) Hawaiian Electric Co Inc

6.000 10/01/33

631,461

1,520,000

(a) HTA Group Ltd/Mauritius

7.500 06/04/29

1,568,102

558,000

(a) Leeward Renewable Energy Operations LLC

4.250 07/01/29

538,972

1,854,000

(a) Lightning Power LLC

7.250 08/15/32

1,973,386

725,000

(a) LONG RIDGE ENERGY LLC

8.750 02/15/32

770,194

420,000

NRG Energy Inc

5.750 01/15/28

420,239

403,000

(a) NRG Energy Inc

3.375 02/15/29

386,180

677,000

(a) NRG Energy Inc

5.250 06/15/29

679,017

689,000

(a) NRG Energy Inc

5.750 07/15/29

686,402

1,156,000

(a) NRG Energy Inc

3.625 02/15/31

1,079,937

913,000

(a) NRG Energy Inc

3.875 02/15/32

854,966

2,582,000

(a) NRG Energy Inc

6.000 02/01/33

2,631,543

1,288,000

(a) NRG Energy Inc

5.750 01/15/34

1,296,542

1,001,000

(a) NRG Energy Inc

6.250 11/01/34

1,027,620

3,352,000

(a) NRG Energy Inc

6.000 01/15/36

3,386,985

1,085,000

PacifiCorp

7.375 09/15/55

1,114,299

748,000

(a) Pattern Energy Operations LP / Pattern Energy Operations Inc

4.500 08/15/28

740,799

993,000

PG&E Corp

5.000 07/01/28

990,893

1,664,000

PG&E Corp

5.250 07/01/30

1,653,917

1,643,000

PG&E Corp

7.375 03/15/55

1,695,656

1,408,000

(a) Talen Energy Supply LLC

8.625 06/01/30

1,485,595

1,776,000

(a) Talen Energy Supply LLC

6.250 02/01/34

1,799,905

1,833,000

(a) Talen Energy Supply LLC

6.500 02/01/36

1,879,271

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITY

(continued)

$

869,000

(a) TerraForm Power Operating LLC

5.000 %

01/31/28

$

869,978

948,000

(a) TerraForm Power Operating LLC

4.750 01/15/30

919,807

350,000

TransAlta Corp

5.875 02/01/34

350,280

300,000

TransAlta Corp

6.500 03/15/40

301,296

75,000

(a) TXNM Energy Inc

7.000 07/31/56

75,748

622,000

(a) Vistra Operations Co LLC

5.625 02/15/27

622,444

2,620,000

(a) Vistra Operations Co LLC

5.000 07/31/27

2,622,194

1,225,000

(a) Vistra Operations Co LLC

4.375 05/01/29

1,209,665

1,459,000

(a) Vistra Operations Co LLC

7.750 10/15/31

1,543,799

1,471,000

(a) Vistra Operations Co LLC

6.875 04/15/32

1,545,639

2,230,000

(a) VoltaGrid LLC

7.375 11/01/30

2,258,569

617,000

(a) XPLR Infrastructure Operating Partners LP

4.500 09/15/27

611,390

640,000

(a) XPLR Infrastructure Operating Partners LP

7.250 01/15/29

660,406

910,000

(a) XPLR Infrastructure Operating Partners LP

8.375 01/15/31

955,882

1,837,000

(a) XPLR Infrastructure Operating Partners LP

8.625 03/15/33

1,927,231

TOTAL UTILITY

69,640,061

TOTAL CORPORATE DEBT

(Cost $1,555,396,528)

1,562,072,502

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GOVERNMENT RELATED - 0.0%

GOVERNMENT AGENCY - 0.0%

100,000

(a) NOVA Chemicals Corp

5.250 06/01/27

100,467

TOTAL GOVERNMENT AGENCY

100,467

TOTAL GOVERNMENT RELATED

(Cost $100,389)

100,467

PRINCIPAL

DESCRIPTION

VALUE

INVESTMENT COMPANIES - 0.4%

7,000,294

State Street Institutional US Government Money Market Fund

$

7,000,294

TOTAL INVESTMENT COMPANIES

(Cost $7,000,294)

7,000,294

TOTAL LONG-TERM INVESTMENTS

(Cost $1,562,497,211)

1,569,173,263

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 0.1%

CORPORATE DEBT - 0.1%

INDUSTRIAL - 0.1%

793,000

Buckeye Partners LP

3.950 12/01/26

787,350

TOTAL INDUSTRIAL

787,350

TOTAL CORPORATE DEBT

(Cost $787,773)

787,350

TOTAL SHORT-TERM INVESTMENTS

(Cost $787,773)

787,350

TOTAL INVESTMENTS - 97.9%

(Cost $1,563,284,984)

1,569,960,613

OTHER ASSETS & LIABILITIES, NET - 2.1%

33,273,875

NET ASSETS - 100%

$

1,603,234,488

REIT

Real Estate Investment Trust

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $1,297,375,646 or 82.6% of Total Investments.

(b) Perpetual security. Maturity date is not applicable.

(c) When-issued or delayed delivery security.

#### Portfolio of Investments January 31, 2026

#### NPFI
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.4%

122044561

CORPORATE BONDS - 94.4% (a)

122044561

AUTOMOBILES & COMPONENTS - 1.1%

$

648,000

(b),(c)

General Motors Financial Co Inc

5.750 %

N/A

$

644,282

829,000

(b),(c)

General Motors Financial Co Inc

5.700 N/A

833,057

TOTAL AUTOMOBILES & COMPONENTS

1,477,339

BANKS - 57.1%

600,000

(b),(d)

Banco Bilbao Vizcaya Argentaria SA

6.125 N/A

607,234

656,000

(b),(d)

Banco Bilbao Vizcaya Argentaria SA

9.375 N/A

733,953

1,400,000

(b),(d)

Banco Bilbao Vizcaya Argentaria SA

7.750 N/A

1,506,089

1,200,000

(b),(d)

Banco Santander SA

9.625 N/A

1,448,254

2,000,000

(b),(d)

Banco Santander SA

8.000 N/A

2,204,834

41,000

(b),(c)

Bank of America Corp

4.375 N/A

40,789

800,000

(b),(c)

Bank of America Corp

6.250 N/A

814,281

1,225,000

(b),(c)

Bank of America Corp

6.625 N/A

1,272,795

850,000

(b),(c)

Bank of America Corp

6.125 N/A

860,900

850,000

(b),(c)

Bank of America Corp

6.300 N/A

852,300

900,000

(c) Bank of Montreal

7.700 05/26/84

957,030

1,300,000

(c) Bank of Montreal

6.875 11/26/85

1,338,483

800,000

(c) Bank of Montreal

7.300 11/26/84

853,474

1,000,000

(c) Bank of Nova Scotia/The

6.875 10/27/85

1,026,808

400,000

(c) Bank of Nova Scotia/The

8.000 01/27/84

428,276

1,350,000

(b),(d)

Barclays PLC

7.625 N/A

1,455,003

1,152,000

(b),(d)

Barclays PLC

8.000 N/A

1,231,539

1,100,000

(b),(d)

Barclays PLC

9.625 N/A

1,250,978

1,100,000

(b),(d),(e)

BNP Paribas SA

7.450 N/A

1,160,210

800,000

(b),(d),(e)

BNP Paribas SA

7.375 N/A

844,978

783,000

(b),(d),(e)

BNP Paribas SA

9.250 N/A

836,307

700,000

(b),(d),(e)

BNP Paribas SA

7.750 N/A

743,479

891,000

(b),(d),(e)

BNP Paribas SA

8.500 N/A

954,077

1,150,000

(b),(d),(e)

BNP Paribas SA

8.000 N/A

1,252,823

1,575,000

(c) Canadian Imperial Bank of Commerce

7.000 10/28/85

1,636,400

200,000

(c) Canadian Imperial Bank of Commerce

6.950 01/28/85

206,335

275,000

(c) Canadian Imperial Bank of Commerce

6.500 07/28/86

275,779

125,000

(b),(c)

Citigroup Inc

6.875 N/A

127,695

465,000

(b),(c)

Citigroup Inc

7.125 N/A

481,265

1,100,000

(b),(c)

Citigroup Inc

7.000 N/A

1,151,742

800,000

(b),(c)

Citigroup Inc

6.625 N/A

814,619

885,000

(b),(c)

Citigroup Inc

6.950 N/A

911,663

446,000

(b),(c)

Citigroup Inc

7.625 N/A

467,651

400,000

(b),(c)

Citigroup Inc

7.200 N/A

414,803

559,000

(b),(c)

Citigroup Inc

7.375 N/A

578,832

250,000

(b),(c),(f)

Citizens Financial Group Inc (TSFR3M + 3.419%)

7.068 N/A

248,798

1,450,000

(b),(d),(e)

Credit Agricole SA

7.125 N/A

1,516,127

1,050,000

(b),(d),(e)

Credit Agricole SA

6.700 N/A

1,073,755

1,050,000

(b),(c)

First Citizens BancShares Inc/NC

7.000 N/A

1,073,568

1,818,000

(b),(d)

HSBC Holdings PLC

8.000 N/A

1,913,238

1,400,000

(b),(d)

HSBC Holdings PLC

6.875 N/A

1,446,411

1,300,000

(b),(d)

HSBC Holdings PLC

6.950 N/A

1,368,821

1,500,000

(b),(c)

Huntington Bancshares Inc/OH

6.250 N/A

1,499,739

435,000

(b),(c)

Huntington Bancshares Inc/OH

5.625 N/A

442,166

1,100,000

(b),(d)

ING Groep NV

7.000 N/A

1,150,957

1,488,000

(b),(d)

ING Groep NV, Reg S

7.500 N/A

1,553,033

1,068,000

(b),(c)

JPMorgan Chase & Co

6.875 N/A

1,126,695

1,400,000

(b),(c)

JPMorgan Chase & Co

6.500 N/A

1,456,729

809,000

(b),(c)

JPMorgan Chase & Co

3.650 N/A

808,297

1,187,000

(b),(c)

KeyCorp

5.000 N/A

1,182,703

600,000

(b),(d)

Lloyds Banking Group PLC

6.750 N/A

624,106

600,000

(b),(d)

Lloyds Banking Group PLC

6.625 N/A

595,251

1,200,000

(b),(d)

Lloyds Banking Group PLC

8.000 N/A

1,302,605

17,000

(b),(c)

M&T Bank Corp

3.500 N/A

16,697

222,000

(b),(c)

M&T Bank Corp

5.125 N/A

221,649

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

BANKS

(continued)

$

1,571,000

(b),(d)

NatWest Group PLC

8.125 %

N/A

$

1,775,623

1,800,000

(b),(d)

NatWest Group PLC

7.300 N/A

1,910,732

800,000

(b),(d),(e)

Nordea Bank Abp

6.750 N/A

821,938

286,000

(b),(c)

PNC Financial Services Group Inc/The

6.000 N/A

287,836

180,000

(b),(c)

PNC Financial Services Group Inc/The

3.400 N/A

177,218

945,000

(b),(c)

PNC Financial Services Group Inc/The

6.200 N/A

959,435

1,010,000

(b),(c)

PNC Financial Services Group Inc/The

6.250 N/A

1,043,164

1,200,000

(c) Royal Bank of Canada

6.750 08/24/85

1,240,948

300,000

(c) Royal Bank of Canada

6.500 05/24/86

299,786

800,000

(b),(d),(e)

Societe Generale SA

10.000 N/A

890,362

1,000,000

(b),(d),(e)

Societe Generale SA

7.125 N/A

996,926

1,600,000

(b),(d),(e)

Societe Generale SA

8.500 N/A

1,777,752

677,000

(b),(d),(e)

Societe Generale SA

9.375 N/A

723,103

1,150,000

(b),(d),(e)

Standard Chartered PLC

7.750 N/A

1,197,641

1,000,000

(c) Toronto-Dominion Bank/The

8.125 10/31/82

1,047,699

800,000

(c) Toronto-Dominion Bank/The

6.350 10/31/85

813,010

1,228,000

(b),(c)

Truist Financial Corp

6.669 N/A

1,229,984

2,001,000

(b),(c)

Wells Fargo & Co

7.625 N/A

2,131,153

2,000,000

(b),(c)

Wells Fargo & Co

6.850 N/A

2,091,689

TOTAL BANKS

73,779,022

CAPITAL GOODS - 0.8%

1,160,000

(b),(c)

Air Lease Corp

6.000 N/A

1,116,660

TOTAL CAPITAL GOODS

1,116,660

ENERGY - 5.3%

1,239,000

(c) Enbridge Inc

7.625 01/15/83

1,351,618

955,000

(c) Enbridge Inc

8.500 01/15/84

1,092,832

480,000

(b),(c)

Energy Transfer LP

6.625 N/A

485,648

722,000

(b),(c)

Energy Transfer LP

7.125 N/A

745,741

109,000

(b),(c)

Energy Transfer LP

6.500 N/A

109,504

400,000

(c) Energy Transfer LP

8.000 05/15/54

427,436

525,000

(c) Energy Transfer LP

6.750 02/15/56

528,742

470,000

(c) South Bow Canadian Infrastructure Holdings Ltd

7.500 03/01/55

496,836

345,000

(b),(c),(e)

Sunoco LP

7.875 N/A

355,360

37,000

(c) Transcanada Trust

5.875 08/15/76

37,088

700,000

(c) Transcanada Trust

5.600 03/07/82

696,869

575,000

(b),(c),(e)

Venture Global LNG Inc

9.000 N/A

505,841

TOTAL ENERGY

6,833,515

FINANCIAL SERVICES - 13.2%

1,215,000

(c) AerCap Ireland Capital DAC / AerCap Global Aviation Trust

6.950 03/10/55

1,271,935

700,000

(c) AerCap Ireland Capital DAC / AerCap Global Aviation Trust

6.500 01/31/56

719,835

622,000

(b),(c)

Ally Financial Inc

4.700 N/A

596,193

85,000

(b),(c)

Capital One Financial Corp

5.500 N/A

85,295

750,000

(b),(c)

Charles Schwab Corp/The

4.000 N/A

747,011

950,000

(b),(c),(e)

Compeer Financial ACA

7.875 N/A

977,313

475,000

(b),(c)

Corebridge Financial Inc

6.875 N/A

493,510

1,000,000

(b),(d)

Deutsche Bank AG, Reg S

8.130 N/A

1,077,437

1,250,000

(b),(c)

Goldman Sachs Group Inc/The

6.850 N/A

1,302,710

1,250,000

(b),(c)

Goldman Sachs Group Inc/The

6.125 N/A

1,273,591

1,229,000

(b),(c)

Goldman Sachs Group Inc/The

7.500 N/A

1,299,966

550,000

(b),(c)

Goldman Sachs Group Inc/The

7.500 N/A

580,603

400,000

(b),(d)

Julius Baer Group Ltd, Reg S

7.500 N/A

418,520

600,000

(b),(d)

Nomura Holdings Inc

7.000 N/A

623,348

777,000

(b),(c)

State Street Corp

6.700 N/A

805,949

600,000

(b),(d),(e)

UBS Group AG

7.000 N/A

609,812

1,150,000

(b),(d),(e)

UBS Group AG

9.250 N/A

1,255,549

850,000

(b),(d),(e)

UBS Group AG

7.750 N/A

911,456

1,243,000

(b),(d),(e)

UBS Group AG

9.250 N/A

1,453,787

550,000

(b),(c)

Voya Financial Inc

7.758 N/A

580,328

TOTAL FINANCIAL SERVICES

17,084,148

#### Portfolio of Investments January 31, 2026
(continued)

#### NPFI

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FOOD, BEVERAGE & TOBACCO - 1.6%

$

1,200,000

(b),(c),(e)

Land O' Lakes Inc

8.000 %

N/A

$

1,199,944

900,000

(b),(c),(e)

Land O' Lakes Inc

7.250 N/A

823,475

TOTAL FOOD, BEVERAGE & TOBACCO

2,023,419

HEALTH CARE EQUIPMENT & SERVICES - 0.5%

200,000

(c) CVS Health Corp

6.750 12/10/54

207,918

400,000

(c) CVS Health Corp

7.000 03/10/55

418,658

TOTAL HEALTH CARE EQUIPMENT & SERVICES

626,576

INSURANCE - 8.8%

675,000

(c) American National Group Inc

7.000 12/01/55

681,689

1,562,000

(c) Assurant Inc

7.000 03/27/48

1,608,261

600,000

(c) Athene Holding Ltd

6.875 06/28/55

601,071

89,000

(c) AXIS Specialty Finance LLC

4.900 01/15/40

85,899

700,000

(c) Corebridge Financial Inc

6.375 09/15/54

715,159

1,050,000

(c),(e)

Enstar Group Ltd

7.500 04/01/45

1,093,249

1,200,000

(c) MetLife Inc

6.350 03/15/55

1,260,314

104,000

(c),(e)

MetLife Inc

9.250 04/08/38

124,749

84,000

(c) PartnerRe Finance B LLC

4.500 10/01/50

79,358

1,100,000

(b),(d)

Phoenix Group Holdings PLC, Reg S

8.500 N/A

1,193,412

125,000

(c) Prudential Financial Inc

5.125 03/01/52

123,459

225,000

(c) Prudential Financial Inc

6.500 03/15/54

236,883

750,000

(c) Reinsurance Group of America Inc

6.650 09/15/55

774,253

400,000

(b),(c)

RLGH Finance Bermuda Ltd, Reg S

6.875 N/A

407,497

1,000,000

(b),(c),(e)

SBL Holdings Inc

9.508 N/A

1,010,175

1,450,000

(b),(c),(e)

SBL Holdings Inc

6.500 N/A

1,388,023

TOTAL INSURANCE

11,383,451

MEDIA & ENTERTAINMENT - 0.2%

250,000

(b),(c),(e)

Farm Credit Bank of Texas

7.750 N/A

261,154

TOTAL MEDIA & ENTERTAINMENT

261,154

TELECOMMUNICATION SERVICES - 1.2%

600,000

(c) Bell Telephone Co of Canada or Bell Canada

7.000 09/15/55

629,298

375,000

(c) Rogers Communications Inc

7.125 04/15/55

393,243

400,000

(c) TELUS Corp

7.000 10/15/55

418,335

73,000

(c) Vodafone Group PLC

7.000 04/04/79

76,977

TOTAL TELECOMMUNICATION SERVICES

1,517,853

UTILITIES - 4.6%

285,000

(c) AES Corp/The

7.600 01/15/55

288,971

200,000

(c) AES Corp/The

6.950 07/15/55

195,516

400,000

(c),(e)

AltaGas Ltd

7.200 10/15/54

416,016

86,000

(c) American Electric Power Co Inc

3.875 02/15/62

84,763

125,000

(c) CMS Energy Corp

6.500 06/01/55

129,107

702,000

(c) Dominion Energy Inc

7.000 06/01/54

759,116

180,000

(c) Duke Energy Corp

6.450 09/01/54

188,322

335,000

(c) Entergy Corp

7.125 12/01/54

350,721

1,000,000

(c) EUSHI Finance Inc

7.625 12/15/54

1,051,787

559,000

(c) NextEra Energy Capital Holdings Inc

6.750 06/15/54

593,953

400,000

(c) PG&E Corp

7.375 03/15/55

412,820

575,000

(c) Sempra

6.375 04/01/56

588,253

84,000

(c) Sempra

4.125 04/01/52

83,221

300,000

(c) Sempra

6.550 04/01/55

305,368

19,000

(b),(c),(e)

Vistra Corp

7.000 N/A

19,287

250,000

(b),(c),(e)

Vistra Corp

8.000 N/A

254,609

200,000

(b),(c),(e)

Vistra Corp

8.875 N/A

219,594

TOTAL UTILITIES

5,941,424

TOTAL CORPORATE BONDS

(Cost $119,960,425)

122,044,561

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

5106985

U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.0%

5106985

2,842,000

CoBank ACB

6.250 10/01/74

2,858,756

825,000

CoBank ACB

7.250 07/01/74

843,898

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

$

1,350,000

Farm Credit Bank of Texas

7.000 %

09/15/74

$

1,404,331

TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS

(Cost $5,095,664)

5,106,985

TOTAL LONG-TERM INVESTMENTS

(Cost $125,056,089)

127,151,546

OTHER ASSETS & LIABILITIES, NET - 1.6%

2,090,384

NET ASSETS - 100%

$

129,241,930

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

(a) Contains $1,000 Par Preferred and/or Contingent Capital Securities.

(b) Perpetual security. Maturity date is not applicable.

(c) $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was

59.5% of Total Investments.

(d) Contingent Capital Securities ("CoCos") are debt or preferred securities with loss absorption characteristics built into the terms

of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the

issuer's common stock under certain adverse circumstances, such as the issuer's capital ratio falling below a specified level. As of

the end of the reporting period, the Fund's total investment in CoCos was 36.5% of Total Investments.

(e) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $27,668,871 or 21.8% of Total Investments.

(f) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

#### Portfolio of Investments January 31, 2026

#### NSCI
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 100.1%

CORPORATE DEBT - 0.9%

FINANCIALS - 0.9%

$

1,000,000

(a),(b)

VITALITY RE XVII LTD

.000

%

01/08/30

$

999,900

TOTAL FINANCIALS

999,900

TOTAL CORPORATE DEBT

(Cost $1,000,000)

999,900

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 99.2%

500,000

(a) 3650R 2021-PF1 Commercial Mortgage Trust

.291

11/15/55

503,526

500,000

(a),(b)

Aimco CLO 14 Ltd (TSFR3M + 1.700%)

.368

10/20/38

500,739

500,000

(a),(b)

AIMCO CLO 17 Ltd (TSFR3M + 2.900%)

.569

07/20/37

502,725

1,250,000

(b) Angel Oak Mortgage Trust

.767

12/25/70

1,256,064

1,250,000

(b) Angel Oak Mortgage Trust 2025-11

.621

10/25/70

1,255,566

250,000

(a),(b)

Angel Oak Mortgage Trust 2025-8

.217

07/25/70

253,991

500,000

(a),(b)

Apidos Clo LIV (TSFR3M + 1.800%)

.468

10/20/38

502,572

500,000

(a),(b)

ARDN 2025-ARCP Mortgage Trust (TSFR1M + 5.650%)

.330

06/15/35

503,144

1,000,000

(a),(b)

BAMLL Trust 2025-ASHF (TSFR1M + 2.350%)

.031

02/15/42

1,002,923

622,000

(a) BANK 2017-BNK8

.089

11/15/50

522,608

1,000,000

BANK 2019-BNK18

.977

05/15/62

897,895

650,000

(a) BANK 2019-BNK20

.650

09/15/62

505,912

1,000,000

BANK 2025-BNK51

.544

12/25/67

1,024,719

825,000

Barclays Commercial Mortgage Trust 2019-C4

.469

08/15/52

683,600

1,500,000

(b) BBCMS Trust 2015-SRCH

.498

08/10/35

1,462,977

100,000

(a),(b)

BBCMS Trust 2015-SRCH

.957

08/10/35

96,121

500,000

(a) Benchmark 2018-B2 Mortgage Trust

.292

02/15/51

391,954

750,000

(a) Benchmark 2018-B3 Mortgage Trust

.553

04/10/51

663,144

750,000

(a) Benchmark 2019-B10 Mortgage Trust

.180

03/15/62

679,407

500,000

Benchmark 2019-B12 Mortgage Trust

.570

08/15/52

437,021

600,000

(a) Benchmark 2019-B13 Mortgage Trust

.839

08/15/57

519,884

250,000

(a) Benchmark 2019-B14 Mortgage Trust

.778

12/15/62

178,549

1,000,000

Benchmark 2019-B15 Mortgage Trust

.564

12/15/72

848,049

200,000

(a) Benchmark 2019-B9 Mortgage Trust

.971

03/15/52

176,293

750,000

Benchmark 2021-B23 Mortgage Trust

.095

02/15/54

576,619

500,000

Benchmark 2021-B24 Mortgage Trust

.584

03/15/54

450,304

500,000

(a),(b)

Benefit Street Partners CLO IV Ltd (TSFR3M + 1.800%)

.468

10/20/38

501,460

1,000,000

(a),(b)

BLP Commercial Mortgage Trust (TSFR1M + 2.050%)

.730

12/15/42

1,004,599

630,000

(a) BMO 2024-C10 Mortgage Trust

.079

11/15/57

643,315

700,000

(a),(b)

BOCA Commercial Mortgage Trust 2025-BOCA (TSFR1M +

2.150%)

.830

12/15/42

705,012

500,000

(a),(b)

BSST 2022-1700 Mortgage Trust (TSFR1M + 1.300%)

.981

02/15/37

432,163

438,900

(a),(b)

BX Commercial Mortgage Trust 2022-LP2 (TSFR1M + 1.562%)

.242

02/15/39

439,097

800,000

(a),(b)

BX Commercial Mortgage Trust 2024-BRBK (TSFR1M + 4.874%)

.551

10/15/41

806,857

1,200,417

(a),(b)

BX Trust (TSFR1M + 1.750%)

.430

11/15/42

1,205,546

1,125,000

(a),(b)

BX Trust (TSFR1M + 3.050%)

.730

12/15/42

1,136,732

881,577

(a),(b)

BX Trust 2021-SDMF (TSFR1M + 1.501%)

.598

09/15/34

880,703

690,203

(a),(b)

BX Trust 2024-FNX (TSFR1M + 2.291%)

.603

11/15/41

693,850

854,432

(a),(b)

BX Trust 2025-LUNR (TSFR1M + 1.850%)

.530

06/15/40

858,041

800,000

(a),(b)

BX Trust 2025-OMG (TSFR1M + 2.400%)

.081

10/15/42

802,899

500,000

(b) Cajun Global LLC

.912

11/20/55

502,121

250,000

(b) Cajun Global LLC

.720

11/20/55

248,469

600,000

(a) Cantor Commercial Real Estate Lending 2019-CF1

.352

05/15/52

502,714

500,000

(a),(b)

CARLYLE US CLO 2021-8 LTD (TSFR3M + 1.900%)

.572

10/15/38

502,009

1,000,000

(b) Centersquare Issuer LLC

.000

08/25/55

973,982

1,194,515

(a),(b)

Chase Home Lending Mortgage Trust 2025-10

.589

07/25/56

1,212,357

400,000

(a),(b)

CIFC Funding 2021-V Ltd (TSFR3M + 1.800%)

.472

01/15/38

400,460

1,000,000

(a),(b)

CIP Commercial Mortgage Trust 2025-SBAY (TSFR1M + 2.300%)

.400

10/15/37

1,004,470

600,000

(a) Citigroup Commercial Mortgage Trust 2015-GC29

.974

04/10/48

548,218

1,000,000

(a) Citigroup Commercial Mortgage Trust 2016-P3

.271

04/15/49

966,109

1,500,000

(a) Citigroup Commercial Mortgage Trust 2017-P8

.789

09/15/50

1,419,529

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

1,000,000

(a),(b)

COLT 2025-11 Mortgage Loan Trust

.952

%

11/25/70

$

1,008,299

500,000

(a) COMM 2014-UBS3 Mortgage Trust

.630

06/10/47

466,642

210,000

(a) COMM 2015-CCRE24 Mortgage Trust

.463

08/10/48

196,192

1,250,000

(a) COMM 2018-COR3 Mortgage Trust

.538

05/10/51

1,080,472

500,000

(a) COMM 2019-GC44 Mortgage Trust

.514

08/15/57

415,688

1,200,000

(a),(b)

Connecticut Avenue Securities Trust (SOFR30A + 2.700%)

.397

07/25/43

1,234,223

1,190,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R01 (SOFR30A +

5.100%)

.797

12/25/42

1,270,340

245,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R03 (SOFR30A +

6.350%)

.047

04/25/43

271,262

1,200,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R07 (SOFR30A +

3.250%)

.947

09/25/43

1,242,540

1,175,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R08 (SOFR30A +

2.500%)

.197

10/25/43

1,199,041

1,200,000

(a),(b)

Connecticut Avenue Securities Trust 2024-R02 (SOFR30A +

1.800%)

.150

02/25/44

1,208,678

1,000,000

(b) Consolidated Communications LLC/Fidium Fiber Finance Holdco

LLC

.522

12/20/55

1,015,004

1,000,000

(b) Crescendo Royalty Funding LP

.567

12/20/51

992,297

500,000

(a) CSMC Trust 2016-NXSR

.422

12/15/49

484,270

725,000

(b),(c)

DataBank Issuer

.811

02/25/56

727,337

1,225,000

(b) DB Master Finance LLC

.891

08/20/55

1,222,353

1,000,000

(b) Domino's Pizza Master Issuer LLC

.930

07/25/55

1,005,672

1,000,000

(a),(b)

EFMT 2025-NQM5

.770

11/25/70

1,006,881

250,000

(a),(b)

Ellington Financial Mortgage Trust 2020-1

.999

05/25/65

246,558

500,000

(a),(b)

Elmwood CLO X Ltd (TSFR3M + 1.950%)

.618

07/20/38

504,714

1,000,000

(a),(b)

ELP Commercial Mortgage Trust

.612

11/13/42

1,005,495

1,000,000

(a),(b)

EQT Trust 2024-EXTR

.331

07/05/41

1,021,953

792,653

Fannie Mae Pool FN MA4978

.000

04/01/53

795,592

761,646

Fannie Mae Pool FN MA5107

.500

08/01/53

774,515

1,000,000

(b) Flexential Issuer LLC

.030

10/25/60

1,003,021

1,100,000

(a),(b)

Freddie Mac STACR REMIC Trust 2021-DNA5 (SOFR30A +

3.050%)

.747

01/25/34

1,170,275

1,100,000

(a),(b)

Freddie Mac STACR REMIC Trust 2024-HQA1 (SOFR30A +

2.000%)

.697

03/25/44

1,113,707

1,000,000

(a) GS Mortgage Securities Trust 2016-GS4

.908

11/10/49

932,521

600,000

GS Mortgage Securities Trust 2017-GS6

.869

05/10/50

534,152

500,000

GS Mortgage Securities Trust 2017-GS7

.236

08/10/50

451,845

500,000

(a) GS Mortgage Securities Trust 2017-GS8

.314

11/10/50

462,859

401,000

(a) GS Mortgage Securities Trust 2018-GS10

.507

07/10/51

387,184

550,000

(a) GS Mortgage Securities Trust 2018-GS9

.343

03/10/51

471,989

500,000

(a) GS Mortgage Securities Trust 2020-GC45

.173

02/13/53

465,714

950,221

(b) HERO FUNDING 2018-1

.670

09/20/48

929,468

1,000,000

(b) Hertz Vehicle Financing III LLC

.140

05/25/32

999,939

84,877

(a),(b)

HIH Trust 2024-61P (TSFR1M + 2.341%)

.021

10/15/41

85,248

464,651

(b) Hin Timeshare Trust

.580

05/15/45

465,950

1,000,000

(a),(b)

Houston Galleria Mall Trust

.462

02/05/45

1,041,160

750,000

(a),(b)

ILPT Commercial Mortgage Trust 2025-LPF2

.199

07/13/42

779,381

500,000

(a),(b)

Invesco CLO 2022-3 Ltd (TSFR3M + 3.200%)

.057

10/22/37

501,298

623,444

(a),(b)

J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-

NLP (TSFR1M + 2.416%)

.449

04/15/37

616,145

1,000,000

(b),(c)

Jersey Mike's Funding LLC

.952

02/15/56

1,000,000

300,000

(b) JP Morgan Chase Commercial Mortgage Securities Trust

2020-NNN

.267

01/16/37

207,000

600,000

(a),(b)

JP Morgan Chase Commercial Mortgage Securities Trust 2021-

NYAH (TSFR1M + 1.124%)

.275

06/15/38

584,067

1,241,606

(a),(b)

JP Morgan Mortgage Trust

.406

05/25/56

1,256,502

1,100,000

(a) JPMBB Commercial Mortgage Securities Trust 2014-C23

.536

09/15/47

1,071,540

650,000

(a) JPMCC Commercial Mortgage Securities Trust 2017-JP7

.667

09/15/50

573,923

500,000

JPMCC Commercial Mortgage Securities Trust 2019-COR4

.290

03/10/52

479,042

500,000

JPMCC Commercial Mortgage Securities Trust 2019-COR4

.440

03/10/52

456,618

625,000

JPMDB Commercial Mortgage Securities Trust 2017-C7

.985

10/15/50

594,712

650,000

JPMDB Commercial Mortgage Securities Trust 2020-COR7

.536

05/13/53

529,341

#### Portfolio of Investments January 31, 2026
(continued)

#### NSCI

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

1,000,000

(a),(b)

JW Trust 2024-BERY (TSFR1M + 2.791%)

.154

%

11/15/39

$

1,009,021

1,000,000

(a),(b)

KSL Commercial Mortgage Trust (TSFR1M + 1.594%)

.274

12/15/42

1,005,362

1,000,000

(b) Lmdv Issuer Co LLC

.310

12/15/55

1,007,668

1,000,000

(b) Lmrk Issuer Co 2 LLC

.520

09/15/55

1,010,952

1,000,000

(a),(b),(c)

LSTR Trust (TSFR1M + 2.200%)

.870

12/15/40

1,003,212

500,000

(a),(b)

Madison Park Funding LI Ltd (TSFR3M + 2.900%)

.784

10/19/38

503,380

500,000

(a),(b)

Magnetite XXII Ltd (TSFR3M + 1.600%)

.272

07/15/36

500,885

994,761

(b) Maritime Partners, LLC

.547

11/15/65

993,786

676,803

(a),(b)

MCR 2024-HF1 Mortgage Trust (TSFR1M + 2.841%)

.204

12/15/41

680,477

1,000,000

(b) MetroNet Infrastructure Issuer LLC

.400

08/20/55

1,016,199

750,000

(a),(b)

MFT Trust 2020-ABC

.593

02/10/42

566,578

764,933

(b) Morgan Stanley Capital I Trust 2015-420

.982

10/12/50

780,103

900,000

(a),(b)

MTN Commercial Mortgage Trust 2022-LPFL (TSFR1M + 2.394%)

.673

03/15/39

901,516

109,265

(a),(b)

Natixis Commercial Mortgage Securities Trust 2019-MILE

(TSFR1M + 1.579%)

.915

07/15/36

104,614

250,000

(a),(b)

Natixis Commercial Mortgage Securities Trust 2019-MILE

(TSFR1M + 2.279%)

.960

07/15/36

217,979

500,000

(a),(b)

Neuberger Berman Loan Advisers CLO 36R Ltd (TSFR3M +

1.650%)

.318

07/20/39

503,657

500,000

(a),(b)

Neuberger Berman Loan Advisers Clo 42 Ltd (TSFR3M +

2.500%)

.171

07/16/36

500,744

500,000

(a),(b)

Neuberger Berman Loan Advisers CLO 47 Ltd (TSFR3M +

2.800%)

.005

04/16/35

501,495

1,000,000

(b) NMEF Funding LLC

.470

01/18/33

1,008,473

720,000

(a),(b)

NYCT Trust 2024-3ELV (TSFR1M + 1.991%)

.671

08/15/29

723,921

1,100,000

(a),(b)

NYCT Trust 2024-3ELV (TSFR1M + 2.840%)

.520

08/15/29

1,103,749

250,000

(a),(b)

OBX 2025-NQM13 Trust

.279

05/25/65

254,349

825,000

(a),(b)

OBX 2025-NQM2 Trust

.489

11/25/64

843,747

500,000

(a),(b)

OCP CLO 2025-40 Ltd (TSFR3M + 1.700%)

.594

04/16/38

500,615

500,000

(a),(b)

OCP CLO 2025-44 Ltd (TSFR3M + 1.850%)

.518

10/24/38

502,455

500,000

(a),(b)

OCP CLO Ltd (TSFR3M + 1.750%)

.621

10/15/38

501,486

500,000

(a),(b)

OHA Credit Funding 10-R Ltd (TSFR3M + 1.800%)

.468

07/18/38

502,430

500,000

(a),(b)

OHA Credit Funding 16-R Ltd (TSFR3M + 1.750%)

.418

10/20/38

501,880

1,000,000

(b),(c)

OHS Issuer LLC

.000

02/25/61

989,849

1,000,000

(b) One Bryant Park Trust 2019-OBP

.516

09/15/54

932,438

500,000

(a),(b)

Orchard Park Clo Ltd (TSFR3M + 1.700%)

.368

10/20/37

502,253

500,000

(b) Planet Fitness Master Issuer LLC

.274

12/06/55

504,537

1,000,000

(b) QTS Issuer ABS II LLC

.364

01/05/56

1,005,586

733,683

(a),(b)

RCKT Mortgage Trust 2022-3

.187

05/25/52

489,044

433,937

(a),(b)

Santander Bank Mortgage Credit-Linked Notes (SOFR30A +

4.900%)

.256

02/26/52

487,900

896,938

(a),(b)

Sequoia Mortgage Trust 2021-9

.856

01/25/52

731,374

1,000,000

(a),(b)

SHR Trust 2024-LXRY (TSFR1M + 3.600%)

.280

10/15/41

1,012,604

49,112

(b) Sierra Receivables Funding Co

.640

08/22/44

49,215

1,000,000

(b) Sotheby's Artfi Master Trust

.800

06/20/33

1,004,102

1,000,000

(b) Summit Issuer LLC

.208

11/20/55

1,010,238

476,250

(b) Taco Bell Funding LLC

.940

11/25/48

477,246

500,000

(a),(b)

Texas Debt Capital CLO 2025-I Ltd (TSFR3M + 1.550%)

.218

04/24/38

501,402

650,000

(a) UBS Commercial Mortgage Trust 2018-C8

.682

02/15/51

607,790

1,000,000

(b) Uniti Fiber Abs Issuer LLC

.177

01/20/56

1,004,986

1,000,000

(b) UNITK 2026-1A A2

.219

02/25/56

1,003,125

500,000

(b) UNITK 2026-1A A2

.653

02/25/56

510,156

751,500

(b) VB-S1 Issuer LLC - VBTEL

.156

02/15/52

733,928

1,000,000

(a),(b)

Verus Securitization Trust

.796

11/25/70

1,003,368

1,215,000

(a),(b)

Verus Securitization Trust 2025-1

.512

01/25/70

1,236,857

1,000,000

(a),(b)

WCORE Commercial Mortgage Trust 2024-CORE (TSFR1M +

2.241%)

.921

11/15/41

1,007,377

600,000

(a) Wells Fargo Commercial Mortgage Trust 2016-C36

.671

11/15/59

570,765

1,000,000

(a) Wells Fargo Commercial Mortgage Trust 2016-C36

.098

11/15/59

856,417

1,100,000

(a),(b)

Wells Fargo Commercial Mortgage Trust 2025-AGLN (TSFR1M +

2.292%)

.972

07/15/37

1,104,789

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

800,000

(a),(b)

Wells Fargo Commercial Mortgage Trust 2025-AURA (TSFR1M +

2.292%)

.972

%

10/15/42

$

799,307

498,596

(b) Willis Engine Structured Trust IX

.159

12/15/50

498,672

TOTAL SECURITIZED

(Cost $113,862,596)

114,233,695

TOTAL LONG-TERM INVESTMENTS

(Cost $114,862,596)

115,233,595

OTHER ASSETS & LIABILITIES, NET - (0.1)%

(118,663)

NET ASSETS - 100%

$

115,114,932

CLO

Collateralized Loan Obligation

SOFR30A

30 Day Average Secured Overnight Financing Rate

TSFR1M

CME Term Secured Overnight Financing Rate 1 Month

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

(a) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $88,434,443 or 76.7% of Total Investments.

(c) When-issued or delayed delivery security.

#### Portfolio of Investments January 31, 2026

#### NSCR
See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 98.4%

COMMON STOCKS - 98.4%

COMMUNICATION SERVICES - 9.8%

713

Alphabet, Inc, Class A

$

240,994

571

Alphabet, Inc, Class C

193,301

Meta Platforms, Inc

233,579

TOTAL COMMUNICATION SERVICES

667,874

CONSUMER DISCRETIONARY - 14.4%

1,295

(a) Amazon.com, Inc

309,894

(a) AutoZone, Inc

77,790

1,161

(a) Carnival Corp

34,853

Expedia Group, Inc

82,100

Home Depot, Inc

59,185

732

PulteGroup, Inc

91,566

(a) Tesla, Inc

135,149

904

TJX Cos, Inc

135,428

Williams-Sonoma, Inc

61,395

TOTAL CONSUMER DISCRETIONARY

987,360

CONSUMER STAPLES - 2.3%

1,331

Altria Group, Inc

82,509

638

Walmart, Inc

76,011

TOTAL CONSUMER STAPLES

158,520

ENERGY - 0.6%

Chevron Corp

41,218

TOTAL ENERGY

41,218

FINANCIALS - 11.0%

Ameriprise Financial, Inc

88,041

Bank of New York Mellon Corp

44,610

1,537

Citigroup, Inc

177,846

Goldman Sachs Group, Inc

43,029

JPMorgan Chase & Co

59,343

629

KKR & Co, Inc

71,870

Mastercard, Inc, Class A

202,585

Visa, Inc, Class A

69,515

TOTAL FINANCIALS

756,839

HEALTH CARE - 12.9%

AbbVie, Inc

97,009

1,202

(a) Boston Scientific Corp

112,423

Eli Lilly & Co

220,913

964

Johnson & Johnson

219,069

McKesson Corp

44,054

Regeneron Pharmaceuticals, Inc

131,237

(a) Tenet Healthcare Corp

55,838

TOTAL HEALTH CARE

880,543

INDUSTRIALS - 10.8%

Cummins, Inc

153,966

883

Delta Air Lines, Inc

58,181

GE Vernova, Inc

76,269

Howmet Aerospace, Inc

65,753

786

Ingersoll Rand, Inc

67,667

872

RTX Corp

175,211

1,255

(a) Uber Technologies, Inc

100,463

(a) United Airlines Holdings, Inc

44,918

TOTAL INDUSTRIALS

742,428

INFORMATION TECHNOLOGY - 29.6%

(a) Advanced Micro Devices, Inc

86,406

1,637

Apple, Inc

424,769

(a) AppLovin Corp, Class A

13,247

651

Broadcom, Inc

215,676

1,856

Cisco Systems, Inc

145,362

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

INFORMATION TECHNOLOGY

(continued)

Lam Research Corp

$

102,489

1,040

Microsoft Corp

447,502

1,824

NVIDIA Corp

348,621

(a) Palantir Technologies, Inc, Class A

54,971

(a) Palo Alto Networks, Inc

71,142

Salesforce, Inc

83,218

Seagate Technology Holdings plc

36,692

TOTAL INFORMATION TECHNOLOGY

2,030,095

MATERIALS - 4.6%

993

Freeport-McMoRan, Inc

59,808

520

Newmont Corp

58,422

501

Royal Gold, Inc

131,918

Steel Dynamics, Inc

67,698

TOTAL MATERIALS

317,846

UTILITIES - 2.4%

Alliant Energy Corp

18,059

1,232

American Electric Power Co, Inc

147,563

TOTAL UTILITIES

165,622

TOTAL COMMON STOCKS

(Cost $5,407,108)

6,748,345

TOTAL LONG-TERM INVESTMENTS

(Cost $5,407,108)

6,748,345

OTHER ASSETS & LIABILITIES, NET - 1.6%

106,918

NET ASSETS - 100%

$

6,855,263

(a) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

#### Portfolio of Investments January 31, 2026

#### NUSB
See Notes to Financial Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 77.1%

CORPORATE DEBT - 61.4%

FINANCIALS - 32.0%

$

1,000,000

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

6.100 %

01/15/27

$

1,018,979

1,000,000

Air Lease Corp

3.625 04/01/27

991,880

1,000,000

Allstate Corp/The

3.280 12/15/26

994,559

1,520,000

(a) American Express Co

(SOFR + 0.750%)

4.416 04/23/27

1,520,785

1,000,000

Aon North America Inc

5.125 03/01/27

1,012,119

1,500,000

Bank of America Corp

3.559 04/23/27

1,498,416

1,410,000

(a) Bank of Montreal

(SOFR Compounded Index + 0.880%)

5.743 09/10/27

1,413,597

1,000,000

Bank of Montreal

4.100 12/15/27

1,001,253

1,000,000

(a) Bank of Montreal

(SOFR Compounded Index + 0.750%)

4.427 09/22/28

1,001,688

1,555,000

Bank of New York Mellon Corp/The

4.947 04/26/27

1,558,647

750,000

Bank of New York Mellon/The

4.587 04/20/27

751,053

1,000,000

(a) Canadian Imperial Bank of Commerce

(SOFR + 0.800%)

4.506 09/08/28

1,002,068

2,085,000

Charles Schwab Corp/The

0.900 03/11/26

2,078,851

1,275,000

(a) Citibank NA

(SOFR Compounded Index + 0.590%)

4.256 04/30/26

1,275,854

1,250,000

Citizens Bank NA/Providence RI

4.192 01/29/29

1,251,947

750,000

(a),(b)

Corebridge Global Funding

(SOFR + 0.750%)

4.416 01/07/28

750,148

1,250,000

(a),(b)

Equitable America Global Funding

(SOFR + 0.710%)

4.394 09/15/27

1,251,969

1,000,000

ERP Operating LP

2.850 11/01/26

992,453

1,500,000

Goldman Sachs Group Inc/The

1.431 03/09/27

1,495,926

1,250,000

(a) Goldman Sachs Group Inc/The

(SOFR + 0.710%)

4.402 01/21/29

1,250,028

1,000,000

(a) Huntington National Bank/The

(SOFR + 0.720%)

4.386 04/12/28

1,000,596

1,668,000

JPMorgan Chase & Co

6.070 10/22/27

1,693,942

1,000,000

(a) Marsh & McLennan Cos Inc

(SOFR Compounded Index +

0.700%)

4.509 11/08/27

1,004,667

1,285,000

(a),(b)

MassMutual Global Funding II

(SOFR + 0.740%)

4.405 04/09/27

1,291,603

1,250,000

(a) Morgan Stanley Private Bank NA

(SOFR + 0.770%)

5.162 07/06/28

1,253,727

1,000,000

(a) Morgan Stanley Private Bank NA

(SOFR + 0.780%)

4.556 11/17/28

1,002,740

1,250,000

(a),(b)

National Australia Bank Ltd

(SOFR + 0.530%)

4.190 12/13/28

1,250,755

1,250,000

(a) National Bank of Canada

(SOFR + 0.770%)

4.462 01/20/29

1,251,937

995,000

(a),(b)

New York Life Global Funding

(SOFR + 0.670%)

4.345 04/02/27

999,002

700,000

PNC Bank NA

4.543 05/13/27

700,931

1,250,000

(a) PNC Financial Services Group Inc/The

(SOFR + 0.620%)

4.314 01/26/29

1,251,713

1,250,000

(a),(b)

Principal Life Global Funding II

(SOFR + 0.810%)

4.592 08/18/28

1,251,237

1,250,000

RenaissanceRe Finance Inc

3.450 07/01/27

1,241,688

2,055,000

(a) Royal Bank of Canada

(SOFR Compounded Index + 1.080%)

4.746 07/20/26

2,063,493

1,000,000

(a) Royal Bank of Canada

(SOFR + 0.700%)

4.542 11/03/28

1,000,793

1,000,000

(a) State Street Corp

(SOFR + 0.640%)

4.306 10/22/27

1,004,896

1,000,000

(a) Toronto-Dominion Bank/The

(SOFR + 0.620%)

4.303 12/17/26

1,002,995

1,250,000

Toronto-Dominion Bank/The

3.913 01/13/28

1,250,432

1,250,000

(a) Truist Bank

(SOFR + 0.770%)

4.436 07/24/28

1,253,813

750,000

UBS AG/Stamford CT

4.864 01/10/28

756,545

1,275,000

(a) UnitedHealth Group Inc

(SOFR + 0.500%)

4.166 07/15/26

1,277,024

1,000,000

Ventas Realty LP

3.850 04/01/27

998,384

TOTAL FINANCIALS

49,915,133

INDUSTRIAL - 25.2%

810,000

(a) American Honda Finance Corp

(SOFR Compounded Index +

0.720%)

4.395 10/05/26

812,122

1,725,000

AT&T Inc

2.950 07/15/26

1,717,259

1,000,000

BAT Capital Corp

3.557 08/15/27

993,639

395,000

(a),(b)

BMW US Capital LLC

(SOFR Compounded Index + 0.550%)

4.225 04/02/26

395,252

1,000,000

Broadcom Inc

3.459 09/15/26

997,984

1,000,000

Carrier Global Corp

2.493 02/15/27

986,079

1,410,000

(a) Caterpillar Financial Services Corp

(SOFR + 0.690%)

4.356 10/16/26

1,415,325

720,000

(a) Caterpillar Financial Services Corp

(SOFR + 0.520%)

4.309 05/14/27

723,663

1,275,000

CVS Health Corp

5.000 02/20/26

1,275,285

1,250,000

Equinix Inc

2.900 11/18/26

1,239,671

1,250,000

Gilead Sciences Inc

2.950 03/01/27

1,239,086

1,250,000

Haleon US Capital LLC

3.375 03/24/27

1,242,054

1,320,000

Intel Corp

4.875 02/10/26

1,320,079

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDUSTRIAL

(continued)

$

1,000,000

(a) John Deere Capital Corp

(SOFR + 0.500%)

4.219 %

03/06/28

$

1,004,249

1,250,000

(a) Keurig Dr Pepper Inc

(SOFR + 0.580%)

4.366 11/15/26

1,250,569

1,250,000

Kroger Co/The

2.650 10/15/26

1,238,861

1,000,000

L3Harris Technologies Inc

3.850 12/15/26

999,188

1,000,000

(b) Mars Inc

4.450 03/01/27

1,007,341

1,250,000

McDonald's Corp

3.500 03/01/27

1,245,668

1,000,000

O'Reilly Automotive Inc

5.750 11/20/26

1,012,571

1,000,000

Otis Worldwide Corp

2.293 04/05/27

980,961

1,750,000

(a) Pfizer Inc

(SOFR + 0.500%)

4.271 11/15/27

1,756,954

1,250,000

Philip Morris International Inc

4.750 02/12/27

1,262,183

1,000,000

(a) Philip Morris International Inc

(SOFR + 0.660%)

4.326 10/27/28

1,003,417

1,400,000

Republic Services Inc

2.900 07/01/26

1,394,706

1,250,000

Roper Technologies Inc

3.800 12/15/26

1,249,056

1,000,000

RTX Corp

2.650 11/01/26

991,557

1,000,000

(a),(b)

Siemens Funding BV

(SOFR + 0.640%)

4.389 05/26/28

1,004,771

1,000,000

Sysco Corp

3.300 07/15/26

997,240

750,000

T-Mobile USA Inc

2.625 04/15/26

747,989

1,065,000

(a) Toyota Motor Credit Corp

(SOFR + 0.450%)

4.236 05/15/26

1,065,904

1,290,000

(a) Toyota Motor Credit Corp

(SOFR + 0.770%)

4.580 08/07/26

1,293,736

1,525,000

Trane Technologies Financing Ltd

3.500 03/21/26

1,524,171

1,000,000

(b) Volkswagen Group of America Finance LLC

4.950 03/25/27

1,008,370

1,000,000

Zimmer Biomet Holdings Inc

4.700 02/19/27

1,008,252

TOTAL INDUSTRIAL

39,405,212

UTILITY - 4.2%

325,000

DTE Electric Co

4.250 05/14/27

327,295

1,250,000

Duke Energy Progress LLC

4.350 03/06/27

1,258,758

1,725,000

National Rural Utilities Cooperative Finance Corp

4.450 03/13/26

1,725,905

1,275,000

(a) National Rural Utilities Cooperative Finance Corp

(SOFR +

0.820%)

4.504 09/16/27

1,283,253

1,000,000

NextEra Energy Capital Holdings Inc

4.685 09/01/27

1,011,442

1,000,000

(b) Oncor Electric Delivery Co LLC

4.500 03/20/27

1,008,008

TOTAL UTILITY

6,614,661

TOTAL CORPORATE DEBT

(Cost $95,643,525)

95,935,006

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED - 15.7%

67,568

BANK 2017-BNK6

3.289 07/15/60

67,329

436,347

BANK 2022-BNK39

1.744 02/15/55

431,044

168,739

Bank of America Merrill Lynch Commercial Mortgage Trust

2017-BNK3

3.366 02/15/50

168,246

152,799

(a) BMW Vehicle Lease Trust (SOFR30A + 0.420%)

5.154 01/25/27

152,827

1,000,000

(a),(b)

BX 2021-LBA3 Mortgage Trust (TSFR1M + 0.804%)

4.484 10/15/36

999,119

1,495,397

(a),(b)

BX Commercial Mortgage Trust (TSFR1M + 1.035%)

4.715 12/15/38

1,495,726

1,050,000

(a),(b)

BX Commercial Mortgage Trust 2021-21M (TSFR1M + 1.092%)

4.772 10/15/36

1,049,878

80,137

Carmax Auto Owner Trust 2022-4

5.340 08/16/27

80,331

361,191

(a) CarMax Auto Owner Trust 2024-4 (SOFR30A + 0.450%)

4.157 12/15/27

361,326

2,301

(b) Chase Auto Owner Trust 2024-4

5.250 09/27/27

2,303

1,200,000

CNH Equipment Trust

3.820 06/15/29

1,203,106

9,021

(a) CNH Equipment Trust 2024-B (SOFR30A + 0.400%)

4.107 10/15/27

9,022

204,051

(a) CNH Equipment Trust 2024-C (SOFR30A + 0.420%)

4.127 02/18/28

204,131

113,534

COMM 2016-CR28 Mortgage Trust

3.651 02/10/49

113,530

300,000

CSAIL 2016-C7 Commercial Mortgage Trust

3.502 11/15/49

298,152

283,751

DBJPM 2016-C3 Mortgage Trust

2.632 08/10/49

282,788

938,217

(b) DBWF Mortgage Trust

2.998 06/10/34

929,901

60,024

(b) DLLMT 2024-1 LLC

5.080 02/22/27

60,132

1,192,255

(a),(b)

EQUS 2021-EQAZ Mortgage Trust (TSFR1M + 1.019%)

4.700 10/15/38

1,192,751

5,045

(a) Ford Credit Auto Lease Trust 2024-B (SOFR30A + 0.400%)

4.107 02/15/27

5,045

166,438

(a) Ford Credit Auto Owner Trust 2024-C (SOFR30A + 0.400%)

4.107 08/15/27

166,511

143,698

(a) GM Financial Automobile Leasing Trust 2024-3 (SOFR30A +

0.470%)

4.173 01/20/27

143,728

#### Portfolio of Investments January 31, 2026
(continued)

#### NUSB

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SECURITIZED

(continued)

$

187,873

(a) GM Financial Consumer Automobile Receivables Trust 2024-4

(SOFR30A + 0.400%)

4.107 %

10/18/27

$

187,919

32,400

(a) GS Mortgage Securities Trust 2016-GS4

3.278 11/10/49

32,356

1,295,000

(b) Hyundai Auto Lease Securitizat

4.180 05/15/28

1,296,062

1,379,243

(b) Hyundai Auto Lease Securitization Trust 2025-C

4.370 01/18/28

1,384,206

261,700

(a) Hyundai Auto Receivables Trust 2024-C (SOFR30A + 0.400%)

4.107 09/15/27

261,805

681,071

Hyundai Auto Receivables Trust 2025-A

4.330 12/15/27

682,202

1,000,000

(b) Kubota Credit Owner Trust 2025-2

4.480 04/17/28

1,005,508

68,629

Morgan Stanley Capital I Trust 2016-UBS12

3.436 12/15/49

68,316

Morgan Stanley Capital I Trust 2016-UBS9

3.594 03/15/49

169,563

Morgan Stanley Capital I Trust 2021-L7

0.881 10/15/54

167,848

240,000

(a),(b)

MTN Commercial Mortgage Trust 2022-LPFL (TSFR1M + 1.397%)

5.087 03/15/39

240,091

812,678

(b) Porsche Financial Auto Securit

3.910 03/22/29

813,204

35,994

(a),(b)

Porsche Innovative Lease Owner Trust 2024-1 (SOFR30A +

0.520%)

4.223 01/20/27

36,000

42,552

(a),(b)

Porsche Innovative Lease Owner Trust 2024-2 (SOFR30A +

0.440%)

0.000 12/21/26

42,557

915,677

(a),(b)

SMR 2022-IND Mortgage Trust (TSFR1M + 1.650%)

5.330 02/15/39

914,951

1,250,000

(b) SOFI CONSUMER LOAN PROGRAM TRU

4.060 12/26/35

1,251,638

78,762

(a),(b)

Tesla Auto Lease Trust 2024-B (SOFR30A + 0.590%)

4.293 01/20/27

78,773

19,108

(a) Toyota Auto Receivables 2024-C Owner Trust (SOFR30A +

0.370%)

4.077 05/17/27

19,110

263,239

Toyota Auto Receivables 2024-D Owner Trust

4.550 08/16/27

263,545

1,300,000

Toyota Auto Receivables 2025-D Owner Trust

3.890 08/15/28

1,301,489

4,289

(a),(b)

Toyota Lease Owner Trust 2024-B (SOFR30A + 0.440%)

4.143 02/22/27

4,290

1,500,000

(b) Toyota Lease Owner Trust 2025-B

3.910 05/22/28

1,502,717

10,956

UBS Commercial Mortgage Trust 2017-C1

3.256 06/15/50

10,926

21,658

UBS Commercial Mortgage Trust 2017-C4

3.366 10/15/50

21,551

24,972

(a) Volkswagen Auto Lease Trust 2024-A (SOFR30A + 0.470%)

4.173 12/21/26

24,976

200,352

(b) Volvo Financial Equipment LLC

4.560 05/17/27

200,584

1,000,000

(b) Volvo Financial Equipment LLC

3.960 06/15/28

1,001,136

79,030

Wells Fargo Commercial Mortgage Trust 2016-C33

3.426 03/15/59

78,892

48,236

(a) World Omni Auto Receivables Trust 2024-C (SOFR30A +

0.470%)

4.177 01/18/28

48,253

1,215,554

(a) World Omni Auto Receivables Trust 2025-B (SOFR30A + 0.470%)

4.177 08/15/28

1,216,360

900,000

World Omni Auto Receivables Trust 2025-C

4.190 10/16/28

901,468

TOTAL SECURITIZED

(Cost $24,426,882)

24,475,883

TOTAL LONG-TERM INVESTMENTS

(Cost $120,070,407)

120,410,889

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 22.9%

COMMERCIAL PAPER - 20.2%

1,250,000

(b) Archer-Daniels-Midland Co

0.000 03/16/26

1,244,211

1,250,000

(b) Atlantic Asset Securitization LLC

0.000 02/17/26

1,247,679

1,250,000

Banco Santander SA

0.000 02/09/26

1,248,708

1,250,000

(b) Barton Capital SA

0.000 02/18/26

1,247,548

1,250,000

(b) Barton Capital SA

0.000 03/06/26

1,245,463

1,250,000

CABOT TRAIL FUNDING LLC

0.000 03/25/26

1,242,999

1,295,000

CABOT TRAIL FUNDING LLC

0.000 05/11/26

1,281,475

995,000

Danske Corp

0.000 02/06/26

994,286

1,000,000

Duke Energy Corp

0.000 03/23/26

994,536

1,500,000

Duke Energy Corporation < DUK >

0.000 02/04/26

1,499,232

1,430,000

(b) Globe Life Inc

0.000 04/08/26

1,419,502

1,000,000

(b) Healthpeak OP LLC

0.000 02/11/26

998,724

1,000,000

(b) Honeywell International Inc

0.000 02/17/26

998,127

1,250,000

Macquarie Bank Ltd

0.000 04/27/26

1,238,806

1,250,000

McDonald's Corp

0.000 02/12/26

1,248,276

250,000

(b) Mizuho Bank Ltd/New York NY

0.000 04/27/26

247,752

592,000

(b) National Bank of Canada

0.000 05/13/26

585,728

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COMMERCIAL PAPER

(continued)

$

1,000,000

(b) National Bank of Canada

0.000 %

02/03/26

$

999,594

1,250,000

NextEra Energy Capital Holdings Inc

0.000 03/06/26

1,245,303

500,000

(b) NextEra Energy Capital Holdings Inc

0.000 02/20/26

498,882

250,000

(b) Pure Grove Funding

0.000 02/25/26

249,327

780,000

(b) Pure Grove Funding

0.000 02/04/26

779,601

1,250,000

Salisbury Receivables Co LLC

0.000 06/04/26

1,233,825

1,160,000

(b) Salisbury Receivables Co LLC

0.000 02/09/26

1,158,809

1,265,000

(b) Sheffield Receivables Co LLC

0.000 02/09/26

1,263,700

1,500,000

(b) Sheffield Receivables Co LLC

0.000 02/11/26

1,498,146

1,500,000

SUMITOMO MITSUI TRUST NY

0.000 04/14/26

1,488,500

1,000,000

TotalEnergies Holdings SAS

0.000 02/18/26

998,047

1,250,000

(a) Westpac Banking Corp/NY (SOFR + 0.300%)

3.950 10/06/26

1,250,546

TOTAL COMMERCIAL PAPER

(Cost $31,653,648)

31,647,332

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CORPORATE DEBT - 1.4%

FINANCIALS - 0.6%

1,000,000

Federal Realty OP LP

1.250 02/15/26

998,702

TOTAL FINANCIALS

998,702

INDUSTRIAL - 0.8%

1,250,000

American Tower Corp

4.400 02/15/26

1,249,921

TOTAL INDUSTRIAL

1,249,921

TOTAL CORPORATE DEBT

(Cost $2,248,638)

2,248,623

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

REPURCHASE AGREEMENTS - 0.1%

120,000

(c) Fixed Income Clearing Corp

3.660 02/02/26

$

120,000

TOTAL REPURCHASE AGREEMENTS

(Cost $120,000)

120,000

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. TREASURY - 1.2%

550,000

United States Treasury Note/Bond

4.375 08/15/26

552,093

1,345,000

United States Treasury Note/Bond

4.625 11/15/26

1,355,329

TOTAL U.S. TREASURY

(Cost $1,907,409)

1,907,422

TOTAL SHORT-TERM INVESTMENTS

(Cost $35,929,695)

35,923,377

TOTAL INVESTMENTS - 100.0%

(Cost $156,000,102)

156,334,266

OTHER ASSETS & LIABILITIES, NET - (0.0)%

(21,412)

NET ASSETS - 100%

$

156,312,854

SOFR

Secured Overnight Financing Rate

SOFR30A

30 Day Average Secured Overnight Financing Rate

(a) Floating or variable rate security includes the reference rate and spread, when applicable. For mortgage-backed or asset-backed

securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $42,402,776 or 27.1% of Total Investments.

(c) Agreement with Fixed Income Clearing Corp, 3.660% dated 1/30/26 to be repurchased at $120,037 on 2/2/26, collateralized by

Government Agency Securities, with coupon rate 2.375% and maturity date 2/15/42, valued at $122,468.

Statement of Assets and Liabilities

See Notes to Financial Statements

January 31, 2026 (Unaudited)

NCLO

NCPB

NUAG

NUSA

NUHY

ASSETS

Long-term investments, at value

†‡

$

151,035,279

$

56,870,424

$

59,701,933

$

33,602,717

$

113,659,026

Investments purchased with collateral from securities lending, at value

(cost approximates value)

—

—

140,973

38,011

1,754,200

Cash

1,317,303

376,485

320,013

1,073,563

727,699

Receivables:

Interest

400,156

546,080

651,012

331,972

2,110,576

Investments sold

—

99,934

—

80,201

—

Securities lending income

—

601

1,110

Other

2,311

628

1,842

Total assets

152,753,066

57,893,266

60,816,843

35,127,121

118,254,453

LIABILITIES

Payables:

Management fees

31,375

14,494

9,495

4,321

29,518

Collateral from securities lending

—

—

140,973

38,011

1,754,200

Interest

—

—

—

817

6,264

Investments purchased - regular settlement

—

299,978

150,000

1,104,277

502,620

Investments purchased - when-issued/delayed-delivery settlement

2,000,000

637,462

—

—

—

Accrued expenses:

Professional fees

Trustees fees

Other

2,312

628

1,843

Total liabilities

2,032,221

952,479

303,042

1,148,186

2,294,868

Net assets

$

150,720,845

$

56,940,787

$

60,513,801

$

33,978,935

$

115,959,585

Shares outstanding

6,000,000

2,250,000

2,850,000

1,450,000

5,350,000

Net asset value ("NAV") per share

$

.12

$

.31

$

.23

$

.43

$

.67

NET ASSETS CONSIST OF:

Paid-in capital

150,128,893

56,539,445

87,900,928

35,925,639

127,945,688

Total distributable earnings (loss)

591,952

401,342

(27,387,127)

(1,946,704)

(11,986,103)

Net assets

$

150,720,845

$

56,940,787

$

60,513,801

$

33,978,935

$

115,959,585

Authorized shares

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Par value per share

$

.01

$

.01

$

.01

$

.01

$

.01

†

&nbsp;&nbsp;&nbsp;&nbsp;Long-term investments, cost

$

150,962,189

$

56,147,519

$

60,367,058

$

33,330,599

$

112,434,958

‡ Includes securities loaned of

$

—

$

—

$

135,581

$

36,905

$

1,682,319

#### Statement of Assets and Liabilities
(continued)

See Notes to Financial Statements

January 31, 2026 (Unaudited)

NUBD

NHYB

NPFI

NSCI

NSCR

ASSETS

Long-term investments, at value

†‡

$

468,308,504

$

1,569,173,263

$

127,151,546

$

115,233,595

$

6,748,345

Short-term investments, at value

◊

10,016

787,350

—

—

—

Investments purchased with collateral from securities lending, at value

(cost approximates value)

1,289,937

—

—

—

—

Cash

2,295,484

717,149

159,556

467,837

117,226

Receivables:

Dividends

—

—

—

—

1,674

Interest

4,454,038

28,638,721

2,035,026

367,853

Investments sold

299,117

4,418,379

176,194

—

—

Securities lending income

550

—

—

—

Shares sold

—

—

—

3,795,367

—

Other

5,925

Total assets

476,663,571

1,603,735,188

129,522,626

119,865,012

6,867,576

LIABILITIES

Payables:

Management fees

59,691

109,497

60,088

34,946

2,635

Collateral from securities lending

1,289,937

—

—

—

—

Interest

—

2,408

—

—

Investments purchased - regular settlement

748,096

165,000

217,500

999,834

9,611

Investments purchased - when-issued/delayed-delivery settlement

200,000

220,000

—

3,714,849

—

Accrued expenses:

Professional fees

601

Trustees fees

1,539

5,276

Other

5,925

Total liabilities

2,305,496

500,700

280,696

4,750,080

12,313

Net assets

$

474,358,075

$

1,603,234,488

$

129,241,930

$

115,114,932

$

6,855,263

Shares outstanding

21,175,000

63,875,000

4,900,000

4,550,000

220,000

Net asset value ("NAV") per share

$

.40

$

.10

$

.38

$

.30

$

.16

NET ASSETS CONSIST OF:

Paid-in capital

506,056,881

1,591,642,053

127,298,821

114,288,458

5,541,339

Total distributable earnings (loss)

(31,698,806)

11,592,435

1,943,109

826,474

1,313,924

Net assets

$

474,358,075

$

1,603,234,488

$

129,241,930

$

115,114,932

$

6,855,263

Authorized shares

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Par value per share

$

.01

$

.01

$

.01

$

.01

$

.01

†

&nbsp;&nbsp;&nbsp;&nbsp;Long-term investments, cost

$

487,992,412

$

1,562,497,211

$

125,056,089

$

114,862,596

$

5,407,108

◊

&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments, cost

$

10,012

$

787,773

$

—

$

—

$

—

‡ Includes securities loaned of

$

1,248,938

$

—

$

—

$

—

$

—

(continued)

See Notes to Financial Statements

January 31, 2026 (Unaudited)

NUSB

ASSETS

Long-term investments, at value

†

$

120,410,889

Short-term investments, at value

◊

35,923,377

Cash

22,582

Receivables:

Interest

908,616

Other

759

Total assets

157,266,223

LIABILITIES

Payables:

Management fees

22,523

Interest

Investments purchased - regular settlement

929,422

Accrued expenses:

Professional fees

Trustees fees

528

Other

758

Total liabilities

953,369

Net assets

$

156,312,854

Shares outstanding

6,175,000

Net asset value ("NAV") per share

$

.31

NET ASSETS CONSIST OF:

Paid-in capital

155,576,423

Total distributable earnings (loss)

736,431

Net assets

$

156,312,854

Authorized shares

Unlimited

Par value per share

$

.01

†

&nbsp;&nbsp;&nbsp;&nbsp;Long-term investments, cost

$

120,070,407

◊

&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments, cost

$

35,929,695

Statement of Operations

See Notes to Financial Statements

Six Months Ended January 31, 2026 (Unaudited)

NCLO

NCPB

NUAG

NUSA

NUHY

INVESTMENT INCOME

Interest

3,607,930

1,503,631

1,492,939

694,063

3,544,971

Securities lending income, net

—

—

670

17,607

Total investment income

3,607,930

1,503,631

1,493,609

694,240

3,562,578

EXPENSES

Management fees

145,266

85,936

57,799

25,917

158,597

Professional fees

Trustees fees

2,514

1,203

1,426

745

2,366

Total expenses

147,911

87,197

59,266

26,678

160,999

Net investment income (loss)

3,460,019

1,416,434

1,434,343

667,562

3,401,579

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

(39,027)

220,244

69,198

4,343

427,601

In-kind redemptions

5,146

—

40,967

17,208

—

Net realized gain (loss)

(33,881)

220,244

110,165

21,551

427,601

Change in unrealized appreciation (depreciation) on:

Investments

98,477

632,517

719,695

207,971

200,934

Net change in unrealized appreciation (depreciation)

98,477

632,517

719,695

207,971

200,934

Net realized and unrealized gain (loss)

64,596

852,761

829,860

229,522

628,535

Net increase (decrease) in net assets from

operations

$

3,524,615

$

2,269,195

$

2,264,203

$

897,084

$

4,030,114

#### Statement of Operations
(continued)

See Notes to Financial Statements

Six Months Ended January 31, 2026 (Unaudited)

NUBD

NHYB

NPFI

NSCI

NSCR

INVESTMENT INCOME

Dividends

$

—

$

—

$

$

—

$

32,857

Interest

8,729,529

23,768,398

2,517,714

1,591,523

—

Securities lending income, net

4,026

—

—

—

—

Tax withheld on income

—

(2,767)

—

—

—

Total investment income

8,733,555

23,765,631

2,517,725

1,591,523

32,857

EXPENSES

Management fees

333,344

300,453

222,547

111,987

15,533

Professional fees

1,342

Trustees fees

9,756

24,513

1,944

1,647

Total expenses

343,305

326,308

224,558

113,747

15,688

Net investment income (loss)

8,390,250

23,439,323

2,293,167

1,477,776

17,169

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

(387,750)

27,395

144,060

6,348

217,145

In-kind redemptions

—

145,495

—

—

—

Net realized gain (loss)

(387,750)

172,890

144,060

6,348

217,145

Change in unrealized appreciation (depreciation) on:

Investments

6,111,605

6,675,629

1,021,806

370,999

169,670

Net change in unrealized appreciation (depreciation)

6,111,605

6,675,629

1,021,806

370,999

169,670

Net realized and unrealized gain (loss)

5,723,855

6,848,519

1,165,866

377,347

386,815

Net increase (decrease) in net assets from

operations

$

14,114,105

$

30,287,842

$

3,459,033

$

1,855,123

$

403,984

(continued)

See Notes to Financial Statements

Six Months Ended January 31, 2026 (Unaudited)

NUSB

INVESTMENT INCOME

Interest

3,494,780

Total investment income

3,494,780

EXPENSES

Management fees

133,434

Professional fees

Trustees fees

3,288

Total expenses

136,870

Net investment income (loss)

3,357,910

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

37,027

Net realized gain (loss)

37,027

Change in unrealized appreciation (depreciation) on:

Investments

231,998

Net change in unrealized appreciation (depreciation)

231,998

Net realized and unrealized gain (loss)

269,025

Net increase (decrease) in net assets from operations

$

3,626,935

For the period September 23, 2025 (commencement of operations) through January 31, 2026.

Statement of Changes in Net Assets

See Notes to Financial Statements

NCLO

NCPB

Unaudited

Six Months

Ended

1/31/26

For the period

12/10/24

(commencement

of operations)

through 7/31/25

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

OPERATIONS

Net investment income (loss)

$

3,460,019

$

3,350,864

$

1,416,434

$

2,680,600

Net realized gain (loss)

(33,881)

(23,082)

220,244

(309,087)

Net change in unrealized appreciation (depreciation)

98,477

(25,387)

632,517

(476,886)

Net increase (decrease) in net assets from operations

3,524,615

3,302,395

2,269,195

1,894,627

DISTRIBUTIONS TO SHAREHOLDERS

Dividends

(3,456,890)

(2,778,168)

(1,544,388)

(2,760,275)

Total distributions

(3,456,890)

(2,778,168)

(1,544,388)

(2,760,275)

FUND SHARE TRANSACTIONS

Subscriptions

88,370,830

103,757,038

633,988

19,004,830

Redemptions

(39,494,554)

(2,504,421)

–

(3,115,595)

Net increase (decrease) from Fund share transactions

48,876,276

101,252,617

633,988

15,889,235

Net increase (decrease) in net assets

48,944,001

101,776,844

1,358,795

15,023,587

Net assets at the beginning of period

101,776,844

–

55,581,992

40,558,405

Net assets at the end of period

$

150,720,845

$

101,776,844

$

56,940,787

$

55,581,992

See Notes to Financial Statements

NUAG

NUSA

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

OPERATIONS

Net investment income (loss)

$

1,434,343

$

1,971,790

$

667,562

$

1,133,263

Net realized gain (loss)

110,165

(39,477)

21,551

203,105

Net change in unrealized appreciation (depreciation)

719,695

59,180

207,971

56,870

Net increase (decrease) in net assets from operations

2,264,203

1,991,493

897,084

1,393,238

DISTRIBUTIONS TO SHAREHOLDERS

Dividends

(1,460,310)

(1,964,010)

(667,430)

(1,151,940)

Total distributions

(1,460,310)

(1,964,010)

(667,430)

(1,151,940)

FUND SHARE TRANSACTIONS

Subscriptions

11,671,605

31,218,134

2,338,946

9,228,744

Redemptions

(10,602,972)

(8,421,143)

(1,168,819)

(9,323,898)

Net increase (decrease) from Fund share transactions

1,068,633

22,796,991

1,170,127

(95,154)

Net increase (decrease) in net assets

1,872,526

22,824,474

1,399,781

146,144

Net assets at the beginning of period

58,641,275

35,816,801

32,579,154

32,433,010

Net assets at the end of period

$

60,513,801

$

58,641,275

$

33,978,935

$

32,579,154

See Notes to Financial Statements

#### Statement of Changes in Net Assets
(continued)

NUHY

NUBD

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

OPERATIONS

Net investment income (loss)

$

3,401,579

$

5,921,948

$

8,390,250

$

14,838,432

Net realized gain (loss)

427,601

217,121

(387,750)

(2,143,801)

Net change in unrealized appreciation (depreciation)

200,934

1,121,409

6,111,605

(848,681)

Net increase (decrease) in net assets from operations

4,030,114

7,260,478

14,114,105

11,845,950

DISTRIBUTIONS TO SHAREHOLDERS

Dividends

(3,428,460)

(6,076,470)

(8,624,905)

(14,741,660)

Total distributions

(3,428,460)

(6,076,470)

(8,624,905)

(14,741,660)

FUND SHARE TRANSACTIONS

Subscriptions

18,346,413

14,948,488

66,723,759

75,648,374

Redemptions

–

(8,342,559)

–

(39,329,376)

Net increase (decrease) from Fund share transactions

18,346,413

6,605,929

66,723,759

36,318,998

Net increase (decrease) in net assets

18,948,067

7,789,937

72,212,959

33,423,288

Net assets at the beginning of period

97,011,518

89,221,581

402,145,116

368,721,828

Net assets at the end of period

$

115,959,585

$

97,011,518

$

474,358,075

$

402,145,116

See Notes to Financial Statements

NHYB

NPFI

NSCI

Unaudited

For the period

9/23/25

(commencement

of operations)

through 1/31/26

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

Unaudited

For the period

9/23/25

(commencement

of operations)

through 1/31/26

OPERATIONS

Net investment income (loss)

$

23,439,323

$

2,293,167

$

2,818,645

$

1,477,776

Net realized gain (loss)

172,890

144,060

146,823

6,348

Net change in unrealized appreciation (depreciation)

6,675,629

1,021,806

810,951

370,999

Net increase (decrease) in net assets from operations

30,287,842

3,459,033

3,776,419

1,855,123

DISTRIBUTIONS TO SHAREHOLDERS

Dividends

(18,695,408)

(2,582,605)

(2,925,131)

(1,028,651)

Total distributions

(18,695,408)

(2,582,605)

(2,925,131)

(1,028,651)

FUND SHARE TRANSACTIONS

Subscriptions

1,606,706,460

71,537,342

49,043,314

114,288,460

Redemptions

(15,064,406)

–

(10,307,318)

–

Net increase (decrease) from Fund share transactions

1,591,642,054

71,537,342

38,735,996

114,288,460

Net increase (decrease) in net assets

1,603,234,488

72,413,770

39,587,284

115,114,932

Net assets at the beginning of period

–

56,828,160

17,240,876

–

Net assets at the end of period

$

1,603,234,488

$

129,241,930

$

56,828,160

$

115,114,932

See Notes to Financial Statements

(continued)

NSCR

NUSB

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

Unaudited

Six Months

Ended

1/31/26

Year Ended

7/31/25

OPERATIONS

Net investment income (loss)

$

17,169

$

44,753

$

3,357,910

$

6,115,609

Net realized gain (loss)

217,145

(98,491)

37,027

79,328

Net change in unrealized appreciation (depreciation)

169,670

771,405

231,998

77,065

Net increase (decrease) in net assets from operations

403,984

717,667

3,626,935

6,272,002

DISTRIBUTIONS TO SHAREHOLDERS

Dividends

(131,098)

(92,379)

(3,582,681)

(5,691,048)

Total distributions

(131,098)

(92,379)

(3,582,681)

(5,691,048)

FUND SHARE TRANSACTIONS

Subscriptions

–

503,781

4,425,209

139,990,999

Redemptions

–

(235,890)

–

(14,521,266)

Net increase (decrease) from Fund share transactions

–

267,891

4,425,209

125,469,733

Net increase (decrease) in net assets

272,886

893,179

4,469,463

126,050,687

Net assets at the beginning of period

6,582,377

5,689,198

151,843,391

25,792,704

Net assets at the end of period

$

6,855,263

$

6,582,377

$

156,312,854

$

151,843,391

Financial Highlights

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized

/Unrealized

Gain (Loss)

Total

From

Net

Investment

Income

From

Net Realized

Gains

Return

of

Capital

Total

Net Asset

Value,

End of

Period

Market

Price,

End of

Period

NCLO

1/31/26

(d) $

25.13 $

0.75 $

0.02 $

0.77 $

(0.78)

$

—

$

—

$

(0.78)

$

25.12 $

25.15 7/31/25

(f) 25.00 1.00 (0.03)

0.97 (0.84)

—

—

(0.84)

25.13 25.13 NCPB

1/31/26

(d) 24.98 0.63 0.39 1.02 (0.69)

—

—

(0.69)

25.31 25.35 7/31/25

25.35 1.28 (0.31)

0.97 (1.27)

(0.07)

—

(1.34)

24.98 24.96 7/31/24

(g) 25.00 0.53 0.21 0.74 (0.39)

—

—

(0.39)

25.35 25.35 NUAG

1/31/26

(d) 20.94 0.48 0.30 0.78 (0.49)

—

—

(0.49)

21.23 21.27 7/31/25

21.07 0.94 (0.12)

0.82 (0.95)

—

—

(0.95)

20.94 20.96 7/31/24

20.64 0.77 0.52 1.29 (0.86)

—

—

(0.86)

21.07 21.09 7/31/23

22.02 0.75 (1.30)

(0.55)

(0.83)

—

—

(0.83)

20.64 20.68 7/31/22

25.17 0.39 (3.01)

(2.62)

(0.53)

—

—

(0.53)

22.02 22.09 7/31/21

26.08 0.33 (0.55)

(0.22)

(0.69)

—

—

(0.69)

25.17 25.18 NUSA

1/31/26

(d) 23.27 0.46 0.16 0.62 (0.46)

—

—

(0.46)

23.43 23.43 7/31/25

23.17 0.90 0.12 1.02 (0.92)

—

—

(0.92)

23.27 23.28 7/31/24

22.83 0.87 0.39 1.26 (0.92)

—

—

(0.92)

23.17 23.21 7/31/23

23.48 0.56 (0.58)

(0.02)

(0.63)

—

—

(0.63)

22.83 22.83 7/31/22

25.29 0.31 (1.62)

(1.31)

(0.50)

—

—

(0.50)

23.48 23.52 7/31/21

25.61 0.34 (0.08)

0.26 (0.58)

—

—

(0.58)

25.29 25.31 NUHY

1/31/26

(d) 21.56 0.70 0.13 0.83 (0.72)

—

—

(0.72)

21.67 21.71 7/31/25

21.24 1.36 0.35 1.71 (1.39)

—

—

(1.39)

21.56 21.58 7/31/24

20.61 1.42 0.63 2.05 (1.42)

—

—

(1.42)

21.24 21.28 7/31/23

21.48 1.13 (0.65)

0.48 (1.35)

—

—

(1.35)

20.61 20.68 7/31/22

24.71 1.02 (3.04)

(2.02)

(1.21)

—

—

(1.21)

21.48 21.63 7/31/21

24.43 1.04 0.47 1.51 (1.23)

—

—

(1.23)

24.71 24.78 (a) Based on average shares outstanding.

(b) Total Return Based on NAV reflects the change in NAV over the period, including the assumed reinvestment of

distributions, if any, at NAV on each ex-dividend payment date during the period. Total Return Based on Market Price

reflects the change in the closing market price per share over the period, including the assumed reinvestment of

distributions, if any, at the closing market price per share on each ex-dividend payment date during the period. Since

shares of the Fund did not trade in the secondary market until after the Fund's commencement of operations, for the

period from the commencement of operations to the first day of market trading, the NAV is used as a proxy for the

market price to calculate market price returns. Total returns are not annualized.

(c) Does not include in-kind transactions.

(d) Unaudited

(e) Annualized.

(f) For the period December 10, 2024 (commencement of operations) through July 31, 2025.

(g) For the period March 5, 2024 (commencement of operations) through July 31, 2024.

See Notes to Financial Statements

Ratios and Supplemental Data

Total Return

Ratios to Average Net Assets

Based

on

Net Asset

Value

(b) Based

on

Market

Price

(b) Net Assets,

End of Period

(000) Expenses

Net Investment

Income (Loss)

Portfolio

Turnover

Rate

(c) 3.12 %

3.24 %

$

150,721

0.25 %

(e) 5.96 %

(e) 50

%

3.94 3.93 101,777

0.26 (e) 6.29 (e) 25

4.18 4.38 56,941

0.30 (e) 4.94 (e) 44

3.88 3.85 55,582

0.31 5.13 143

2.99 2.99 40,558

0.30 (e) 5.32 (e) 34

3.75 3.85 60,514

0.18 (e) 4.47 (e) 22

4.05 3.98 58,641

0.20 4.51 47

6.44 6.38 35,817

0.21 3.76 48

(2.51)

(2.62)

33,016

0.21 3.58 54

(10.50)

(10.27)

165,182

0.20 1.65 81

(0.81)

(0.64)

173,676

0.20 1.32 235

2.68 2.62 33,979

0.15 (e) 3.86 (e) 20

4.54 4.38 32,579

0.15 3.90 38

5.65 5.81 32,433

0.16 3.81 37

(0.08)

(0.20)

41,089

0.20 2.43 78

(5.20)

(5.13)

37,566

0.20 1.27 77

1.03 0.80 40,456

0.20 1.33 46

3.96 4.01 115,960

0.30 (e) 6.44 (e) 25

8.34 8.26 97,012

0.30 6.37 49

10.43 10.25 89,222

0.31 6.87 43

2.47 2.07 103,043

0.31 5.50 44

(8.44)

(8.07)

96,652

0.31 4.42 56

6.32 5.25 96,378

0.35 4.14 65

Financial Highlights

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(Loss)

(a) Net Realized

/Unrealized

Gain (Loss)

Total

From

Net

Investment

Income

From

Net Realized

Gains

Return

of

Capital

Total

Net Asset

Value,

End of

Period

Market

Price,

End of

Period

NUBD

1/31/26

(d) $

22.10 $

0.43 $

0.32 $

0.75 $

(0.45)

$

—

$

—

$

(0.45)

$

22.40 $

22.41 7/31/25

22.21 0.82 (0.11)

0.71 (0.82)

—

—

(0.82)

22.10 22.10 7/31/24

21.87 0.61 0.46 1.07 (0.73)

—

—

(0.73)

22.21 22.21 7/31/23

23.36 0.54 (1.36)

(0.82)

(0.67)

—

—

(0.67)

21.87 21.90 7/31/22

26.29 0.41 (2.81)

(2.40)

(0.53)

—

—

(0.53)

23.36 23.40 7/31/21

27.31 0.45 (0.92)

(0.47)

(0.55)

—

—

(0.55)

26.29 26.30 NHYB

1/31/26

(d),(f)

24.99 0.56 (0.13)

0.43 (0.32)

—

—

(0.32)

25.10 25.17 NPFI

1/31/26

(d) 26.13 0.75 0.42 1.17 (0.91)

(0.01)

—

(0.92)

26.38 26.36 7/31/25

25.54 1.46 0.64 2.10 (1.43)

(0.08)

—

(1.51)

26.13 26.12 7/31/24

(g) 25.00 0.59 0.41 1.00 (0.29)

—

(0.17)

(0.46)

25.54 25.63 NSCI

1/31/26

(d),(f)

25.03 0.45 0.09 0.54 (0.27)

—

—

(0.27)

25.30 25.31 NSCR

1/31/26

(d) 29.92 0.08 1.75 1.83 (0.15)

(0.44)

—

(0.59)

31.16 31.16 7/31/25

27.09 0.21 3.06 3.27 (0.21)

(0.23)

—

(0.44)

29.92 29.91 7/31/24

(g) 25.00 0.08 2.01 2.09 —

—

—

—

27.09 27.09 NUSB

1/31/26

(d) 25.31 0.55 0.03 0.58 (0.58)

—

—

(0.58)

25.31 25.32 7/31/25

25.16 1.14 0.08 1.22 (1.07)

—

—

(1.07)

25.31 25.31 7/31/24

(g) 25.00 0.52 0.03 0.55 (0.39)

—

—

(0.39)

25.16 25.16 (a) Based on average shares outstanding.

(b) Total Return Based on NAV reflects the change in NAV over the period, including the assumed reinvestment of

distributions, if any, at NAV on each ex-dividend payment date during the period. Total Return Based on Market Price

reflects the change in the closing market price per share over the period, including the assumed reinvestment of

distributions, if any, at the closing market price per share on each ex-dividend payment date during the period. Since

shares of the Fund did not trade in the secondary market until after the Fund's commencement of operations, for the

period from the commencement of operations to the first day of market trading, the NAV is used as a proxy for the

market price to calculate market price returns. Total returns are not annualized.

(c) Does not include in-kind transactions.

(d) Unaudited

(e) Annualized.

(f) For the period September 23, 2025 (commencement of operations) through January 31, 2026.

(g) For the period March 5, 2024 (commencement of operations) through July 31, 2024.

See accompanying notes to financial statements.

Ratios and Supplemental Data

Total Return

Ratios to Average Net Assets

Based

on

Net Asset

Value

(b) Based

on

Market

Price

(b) Net Assets,

End of Period

(000) Expenses

Net Investment

Income (Loss)

Portfolio

Turnover

Rate

(c) 3.43 %

3.45 %

$

474,358

0.15 %

(e) 3.78 %

(e) 5

%

3.20 3.23 402,145

0.15 3.70 10

5.03 4.88 368,722

0.16 2.80 13

(3.47)

(3.53)

273,413

0.16 2.47 14

(9.24)

(9.09)

256,945

0.16 1.64 45

(1.72)

(1.90)

262,884

0.20 1.69 33

1.69 1.97 1,603,234

0.09 (e) 6.31 (e) 9

4.53 4.49 129,242

0.56 (e) 5.69 (e) 9

8.48 8.05 56,828

0.56 5.70 28

4.05 4.41 17,241

0.55 (e) 5.84 (e) 6

2.32 2.35 115,115

0.39 (e) 5.06 (e) 26

6.16 6.19 6,855

0.45 (e) 0.50 (e) 51

12.22 12.15 6,582

0.45 0.75 121

8.33 8.36 5,689

0.46 (e) 0.78 (e) 4

2.37 2.38 156,313

0.17 (e) 4.28 (e) 13

4.94 4.97 151,843

0.17 4.51 16

2.22 2.21 25,793

0.17 (e) 5.18 (e) 7

Notes to Financial Statements

(Unaudited)

1. General Information

Trust and Fund Information:

Nushares ETF Trust (the "Trust") is an open-end management investment company registered under the Investment

Company Act of 1940 (the "1940 Act"), as amended. The Trust is comprised of Nuveen AA-BBB CLO ETF (NCLO), Nuveen Core Plus Bond ETF

(NCPB), Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG), Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA), Nuveen ESG High

Yield Corporate Bond ETF (NUHY), Nuveen ESG U.S. Aggregate Bond ETF (NUBD), Nuveen High Yield Corporate Bond ETF (NHYB),

Nuveen

Preferred and Income ETF (NPFI), Nuveen Securitized Income ETF (NSCI), Nuveen Sustainable Core ETF (NSCR), Nuveen Ultra Short Income ETF

(NUSB)

(each a "Fund" and collectively, the "Funds"), among others. The Trust was organized as a Massachusetts business trust on February 20,

2015. Shares of NCLO, NUAG, NUSA, NUHY, NUBD, NHYB and NSCI are listed and traded on the NYSE Arca, while shares of NCPB, NPFI, NSCR

and NUSB are listed and traded on the

NASDAQ Stock Market LLC. The NYSE Arca and the NASDAQ Stock Market LLC are each an "Exchange".

Current Fiscal Period

: The end of the reporting period for the Funds is January 31, 2026, and the period covered by these Notes to Financial

Statements is the six months ended January 31, 2026 (the "current fiscal period").

Investment Adviser and Sub-Adviser:

The Funds' investment adviser is Nuveen Fund Advisors, LLC (the "Adviser"), a subsidiary of Nuveen, LLC

("Nuveen"). Nuveen is the investment management arm of Teachers Insurance and Annuity Association of America ("TIAA"). The Adviser has overall

responsibility for management of the Funds, oversees the management of the Funds' portfolios, manages the Funds' business affairs and provides

certain clerical, bookkeeping and other administrative services, and if necessary, asset allocation decisions. For NUAG, NUSA, NUHY and NUBD, the

Adviser has entered into a sub-advisory agreement with Teachers Advisors, LLC ("TAL"), an affiliate of the Adviser, under which TAL manages the

investment portfolios of the Funds. For NCLO, NCPB, NHYB, NPFI, NSCI, NSCR and NUSB, the Adviser has entered into a sub-advisory agreement

with

Nuveen Asset Management

, LLC ("NAM"), an affiliate of the Adviser, under which NAM manages the investment portfolio of the Fund. NAM

and TAL are each a "Sub-Adviser".

2. Significant Accounting Policies

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of

America ("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may

differ from those estimates. The Funds are investment companies and follow accounting guidance in the Financial Accounting Standards Board

("FASB") Accounting Standards Codification 946, Financial Services — Investment Companies. The net asset value ("NAV") for financial reporting

purposes may differ from the NAV for processing security and creation unit transactions. The NAV for financial reporting purposes includes security

and creation unit transactions through the date of the report. Total return is computed based on the NAV used for processing security and creation

unit transactions. The following is a summary of the significant accounting policies consistently followed by the Funds.

Compensation:

The Trust pays no compensation directly to those of its officers, all of whom receive remuneration for their services to the Trust from

the Adviser or its affiliates. The Funds' Board of Trustees (the "Board") has adopted a deferred compensation plan for independent trustees that

enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from certain Nuveen-advised

funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of select Nuveen-advised funds.

Distributions to Shareholders:

Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of

distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

Foreign Currency Transactions and Translation:

The books and records of the Funds are maintained in U.S. dollars. Assets, including investments,

and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income and

expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.

Some markets in which the Funds invest impose capital controls, repatriation limits and/or transaction fees, for example, on the amount of foreign

currency that may be converted to U.S. dollars. These restrictions, in some markets where foreign exchange restrictions are imposed, may be

reflected in non-deliverable forward rates (NDF), or prevailing "offshore" rates that apply to non-local investors. Accordingly, the Fund may apply

NDF rates, or another alternative exchange rate believed by the Adviser to be more reflective of the rates at which the Funds may transact, where

applicable, to convert the value of non-U.S. dollar denominated securities to U.S. dollars. The U.S. dollar market value of such securities held in

markets where NDF rates exist may be lower than the U.S. dollar market value of securities using prevailing local or "onshore" foreign currency

exchange rates.

Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii)

derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and

the difference between the amounts of interest and dividends recorded on the books of the Funds and the amounts actually received are recognized

as a component of "Net realized gain (loss) from foreign currency transactions" on the Statement of Operations, when applicable.

#### Notes to Financial Statements
(continued)

The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with

(i) investments and (ii) other assets and liabilities are recognized as a component of "Change in unrealized appreciation (depreciation) on foreign

currency translations" on the Statement of Operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange

rates associated with investments in derivatives are recognized as a component of the respective derivative's related "Change in unrealized

appreciation (depreciation)" on the Statement of Operations, when applicable.

As of the end of the current fiscal period, the Fund's investments in non-U.S. securities were as follows:

Foreign Taxes:

The Funds may be subject to foreign taxes on income, gains on investments or foreign currency repatriation, a portion of which may

be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that

exist in the markets in which the Funds invest.

Indemnifications:

Under the Trust's organizational documents, its officers and trustees are indemnified against certain liabilities arising out of

the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general

indemnifications to other parties. The Trust's maximum exposure under these arrangements is unknown as this would involve future claims that may

be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects

the risk of loss to be remote.

Investments and Investment Income:

Securities transactions are accounted for as of the trade date for financial reporting purposes. Realized

gains and losses on securities transactions are based upon the specific identification method. Dividend income

is recorded on the ex-dividend

date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Fund determines the existence of a dividend

declaration. Non-cash dividends received in the form of stock, if any, are recognized on the ex-dividend date and recorded at fair value.

Interest

income, is recorded on an accrual basis and includes accretion of discounts and amortization of premiums for financial reporting purposes. Interest

income also reflects payment-in-kind ("PIK") interest and paydown gains and losses, if any. PIK interest represents income received in the form of

securities in lieu of cash. Securities lending income is comprised of fees earned from borrowers and income earned on cash collateral investments.

Segment Reporting:

Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision maker

("CODM"), as defined in U.S. GAAP. The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-

term strategic asset allocation in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the

Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns, expense ratios and

changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess

the segment's performance versus the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment,

is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the Statement of Assets and Liabilities as

"total assets" and significant segment revenues and expenses are listed on the Statement of Operations.

NPFI

Value

% of

Total Investments

Country:

United Kingdom

$

17,342,337

13.6 %

Canada

15,656,162

12.3 France

12,769,899

10.0 Spain

6,500,364

5.1 Switzerland

4,649,125

3.7 Netherlands

2,703,990

2.1 Ireland

1,991,770

1.6 Germany

1,077,437

0.9 Finland

821,938

0.7 Other

1,030,845

0.8 Total non-U.S. Securities

$64,543,867

50.8 %

NUSB

Value

% of

Total Investments

Country:

Canada

$

13,602,508

8.7 %

United Kingdom

6,148,120

3.9 Australia

3,740,107

2.4 France

3,491,058

2.2 Germany

2,408,393

1.5 Spain

1,248,708

0.8 Bermuda

1,241,688

0.8 Ireland

1,018,979

0.7 Denmark

994,286

0.6 Other

1,004,297

0.7 Total non-U.S. Securities

$34,898,144

22.3 %

New Accounting Pronouncement (ASU No. 2023-09)

: In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09,

Income Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU 2023-09

is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation table and income taxes

paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024. Management is currently

evaluating the implications of these changes on the financial statements.

New Accounting Pronouncement (ASU No. 2025-11)

: In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270) Narrow

Scope Improvements ("ASU 2025-11"). The amendments in ASU 2025-11 provide a comprehensive list of interim disclosures that are required

by U.S. GAAP. ASU 2025-11 also includes a disclosure principle that requires entities to disclose events since the end of the last annual reporting

period that have a material impact on the entity. The amendments in ASU 2025-11 are effective for interim reporting periods within annual reporting

periods beginning after December 15, 2027. Early adoption is permitted for all entities. Management is currently evaluating the implications of these

changes on the financial statements.

3. Investment Valuation and Fair Value Measurements

The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Adviser, subject to

oversight of the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly

transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy

which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value

measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability.

Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's

assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best

information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value follows:

Equity securities and exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price or

official closing price of such market or exchange on the valuation date. Foreign equity securities and registered investment companies that trade on

a foreign exchange are valued at the last reported sales price or official closing price on the principal exchange where traded, and converted to U.S.

dollars at the prevailing rates of exchange on the valuation date. To the extent these securities are actively traded and no valuation adjustments are

applied, they are generally classified as Level 1. When valuation adjustments are applied to the most recent last sales price or official closing price,

these securities are generally classified as Level 2.

Prices of fixed-income securities are generally provided by pricing services approved by the Adviser, which is subject to review by the Adviser and

oversight of the Board. Pricing services establish a security's fair value using methods that may include consideration of the following: yields or

prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers,

evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor's credit

characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, pricing services may consider

information about a security, its issuer or market activity provided by the Adviser. These securities are generally classified as Level 2.

Prices of certain American Depositary Receipts ("ADR") held by the Funds that trade in the United States are valued based on the last traded price,

official closing price, or an evaluated price provided by the pricing services and are generally classified as Level 1 or 2.

Investments in investment companies are valued at their respective NAVs or share price on the valuation date and are generally classified as Level 1.

Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are generally

classified as Level 2.

Certificates of deposit and commercial paper are valued at amortized cost, which approximates market value and are generally classified as Level 2.

For any portfolio security or derivative for which market quotations are not readily available or for which the Adviser deems the valuations derived

using the valuation procedures described above not to reflect fair value, the Adviser will determine a fair value in good faith using alternative

procedures approved by the Adviser, subject to the oversight of the Board. As a general principle, the fair value of a security is the amount that

the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such

securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity

and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions

and other information and analysis, including the obligor's credit characteristics considered relevant. To the extent the inputs are observable and

timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.

The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the inputs used to

value them:

(continued)

m

NCLO

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Investment Companies

$

2,859,503

$

–

$

–

$

2,859,503

Securitized

–

148,175,776

–

148,175,776

Total

$

2,859,503

$

148,175,776

$

–

$

151,035,279

a

NCPB

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

21,510,388

$

–

$

21,510,388

Government Related

–

2,046,424

–

2,046,424

Securitized

–

24,381,591

–

24,381,591

U.S. Treasury

–

8,932,021

–

8,932,021

Total

$

–

$

56,870,424

$

–

$

56,870,424

a

NUAG

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

18,736,711

$

–

$

18,736,711

Government Related

–

5,091,237

–

5,091,237

Securitized

–

17,950,392

–

17,950,392

U.S. Treasury

–

17,923,593

–

17,923,593

Investments Purchased with Collateral from Securities

Lending

140,973

–

–

140,973

Total

$

140,973

$

59,701,933

$

–

$

59,842,906

a

NUSA

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

7,864,105

$

–

$

7,864,105

Government Related

–

1,969,783

–

1,969,783

Securitized

–

2,398,634

–

2,398,634

U.S. Treasury

–

21,370,195

–

21,370,195

Investments Purchased with Collateral from Securities

Lending

38,011

–

–

38,011

Total

$

38,011

$

33,602,717

$

–

$

33,640,728

a

NUHY

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

113,659,026

$

–

$

113,659,026

Investments Purchased with Collateral from Securities

Lending

1,754,200

–

–

1,754,200

Total

$

1,754,200

$

113,659,026

$

–

$

115,413,226

a

NUBD

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

116,677,694

$

–

$

116,677,694

Government Related

–

19,850,438

–

19,850,438

Securitized

–

120,221,029

–

120,221,029

U.S. Treasury

–

211,559,343

–

211,559,343

Investments Purchased with Collateral from Securities

Lending

1,289,937

–

–

1,289,937

Short-Term Investments:

Corporate Debt

–

10,016

–

10,016

Total

$

1,289,937

$

468,318,520

$

–

$

469,608,457

a

NHYB

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

1,562,072,502

$

–

$

1,562,072,502

Government Related

–

100,467

–

100,467

Investment Companies

7,000,294

–

–

7,000,294

Short-Term Investments:

Corporate Debt

–

787,350

–

787,350

Total

$

7,000,294

$

1,562,960,319

$

–

$

1,569,960,613

a

NPFI

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Bonds

$

–

$

122,044,561

$

–

$

122,044,561

U.S. Government and Agency Obligations

–

5,106,985

–

5,106,985

Total

$

–

$

127,151,546

$

–

$

127,151,546

a

NSCI

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

999,900

$

–

$

999,900

Securitized

–

114,233,695

–

114,233,695

Total

$

–

$

115,233,595

$

–

$

115,233,595

a

NSCR

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

6,748,345

$

–

$

–

$

6,748,345

Total

$

6,748,345

$

–

$

–

$

6,748,345

a

NUSB

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Debt

$

–

$

95,935,006

$

–

$

95,935,006

Securitized

–

24,475,883

–

24,475,883

Short-Term Investments:

Commercial Paper

–

31,647,332

–

31,647,332

Corporate Debt

–

2,248,623

–

2,248,623

Repurchase Agreements

–

120,000

–

120,000

U.S. Treasury

–

1,907,422

–

1,907,422

Total

$

–

$

156,334,266

$

–

$

156,334,266

a

(continued)

4. Portfolio Securities

Repurchase Agreements:

In connection with transactions in repurchase agreements, it is each Fund's policy that its custodian take possession of the

underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all

times. If the counterparty defaults, and the fair value of the collateral declines, realization of the collateral may be delayed or limited.

The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of the current fiscal

period, and the collateral delivered related to those repurchase agreements.

Securities Lending:

Each Fund may lend securities representing up to one-third of the value of its total assets to broker-dealers, banks, and other

institutions in order to generate additional income. When loaning securities, a Fund retains the benefits of owning the securities, including the

economic equivalent of dividends or interest generated by the security. The loans are continuous, can be recalled at any time, and have no set

maturity. State Street Bank and Trust Company serves as the securities lending agent (the "Agent").

When a Fund loans its portfolio securities, it will receive, at the inception of each loan, cash collateral equal to an amount not less than 100% of the

market value of the loaned securities. The actual percentage of the cash collateral will vary depending upon the asset type of the loaned securities.

Collateral for the loaned securities is invested in a government money market vehicle maintained by the Agent, which is subject to the requirements

of Rule 2a-7 under the 1940 Act. The value of the loaned securities and the liability to return the cash collateral received are recognized on the

Statement of Assets and Liabilities. If the market value of the loaned securities increases, the borrower must furnish additional collateral to the Fund,

which is also recognized on the Statement of Assets and Liabilities. The market value of securities loaned is determined at the close of business of

the Funds and any additional required collateral is delivered to the Funds on the next business day. Securities out on loan are subject to termination

at any time at the option of the borrower or the Fund. Upon termination, the borrower is required to return to the Fund securities identical to the

securities loaned. During the term of the loan, the Fund bears the market risk with respect to the investment of collateral and the risk that the Agent

may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned

securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities

have not been returned.

Securities lending income recognized by a Fund consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and

compensation to the Agent. Such income is recognized on the Statement of Operations.

As of the end of the current fiscal period, the total value of the loaned securities and the total value of collateral received were as follows:

Fund

Counterparty

Short-term

Investments,

at Value

Collateral

Pledged (From)

Counterparty

NUSB

Fixed Income Clearing Corp

$

120,000

$

(122,468)

Aggregate Value of

Securities on Loan

Fund

Fixed Income

Securities

Cash Collateral

Received\*

Total Collateral

Received

NUAG

$135,581

$140,973

$140,973

NUSA

36,905

38,011

38,011

NUHY

1,682,319

1,754,200

1,754,200

NUBD

1,248,938

1,289,937

1,289,937

\*May include cash and investment of cash collateral.

Purchases and Sales:

Long-term purchases and sales (excluding in-kind transactions) during the current fiscal period were as follows:

In-kind transactions during the current fiscal period were as follows:

The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased on a when-issued or delayed-delivery basis may

have extended settlement periods; interest income is not accrued until settlement date. Any securities so purchased are subject to market fluctuation

during this period. If a Fund has outstanding when-issued/delayed-delivery purchases commitments as of the end of the current fiscal period, such

amounts are recognized on the Statement of Assets and Liabilities.

5. Derivative Investments

Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument whose value is

derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Investments in derivatives

as of the end of and/or during the current fiscal period, if any, are included within the Statement of Assets and Liabilities and the Statement of

Operations, respectively.

Although the Funds are authorized to invest in derivative instruments, and may do so in the future, they did not make any such investments during

the current fiscal period.

Market and Counterparty Credit Risk:

In the normal course of business each Fund may invest in financial instruments and enter into financial

transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the transaction to perform

(counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the financial statements. Financial assets,

which potentially expose each Fund to counterparty credit risk, consist principally of cash due from counterparties on forward, option and swap

transactions, when applicable. The extent of each Fund's exposure to counterparty credit risk in respect to these financial assets approximates their

carrying value as recorded on the Statement of Assets and Liabilities.

Purchases

Sales

Fund

Non-U.S.

Government

Purchases

U.S. Government

and Agency

Obligations

Non-U.S.

Government

Sales

U.S. Government

and Agency

Obligations

NCLO

$

109,230,912

$

—

$

53,227,304

$

—

NCPB

14,363,208

11,069,683

9,513,142

12,524,314

NUAG

2,769,121

11,241,168

3,049,134

10,107,426

NUSA

2,373,219

4,516,462

2,438,413

4,128,264

NUHY

25,797,304

—

27,253,257

—

NUBD

16,439,381

40,753,701

6,247,198

14,935,037

NHYB

182,732,767

—

87,982,534

—

NPFI

80,141,279

—

6,928,021

—

NSCI

130,789,795

12,097,793

12,443,905

9,163,792

NSCR

3,440,503

—

3,685,115

—

NUSB

44,815,992

—

10,845,482

4,063,313

Fund

In-Kind

Purchases

In-Kind

Sales

NCLO

$

—

$

9,675,537

NCPB

—

—

NUAG

9,458,289

7,722,656

NUSA

1,955,168

1,153,194

NUHY

18,716,507

—

NUBD

37,602,203

—

NHYB

1,483,815,895

15,049,362

NPFI

—

—

NSCI

2,407,733

—

NSCR

—

—

NUSB

—

—

(continued)

Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have the financial

resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties. Additionally, counterparties may

be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf of each Fund with a value approximately equal

to the amount of any unrealized gain above a pre-determined threshold. Reciprocally, when each Fund has an unrealized loss, the Funds have

instructed the custodian to pledge assets of the Funds as collateral with a value approximately equal to the amount of the unrealized loss above a

pre-determined threshold. Collateral pledges are monitored and subsequently adjusted if and when the valuations fluctuate, either up or down, by

at least the pre-determined threshold amount.

6. Fund Shares

Each Fund issues and redeems its shares on a continuous basis at NAV only in aggregations of a specified number of shares or multiples thereof

("Creation Units"). Only certain institutional investors (referred to as "Authorized Participants") who have entered into agreements with Nuveen

Securities, LLC, the Funds' distributor, may purchase and redeem Creation Units. Once created, shares of the Funds trade on the Exchange at market

prices and are only available to individual investors through their brokers.

Creation Units are purchased and redeemed in-kind for a designated portfolio of securities and/or a specified amount of cash, as determined by

each Fund's investment approach. Creation Units may be delivered in advance of receipt by a Fund of all or a portion of the designated portfolio

securities. In these instances the Authorized Participants must deposit cash collateral in an amount equal to the sum of the (i) cash component, (ii)

all applicable fees and (iii) an amount of cash equal to a percentage of the market value of the undelivered securities, as defined in the participation

agreement. Authorized Participants are charged fixed transaction fees in connection with purchasing and redeeming Creation Units.

Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant Fund for certain

transaction costs (i.e., taxes on currency or other financial transactions, and brokerage costs) and market impact expenses it incurs in purchasing or

selling portfolio securities. Such variable charges, if any, are included in "Proceeds from shares sold" on the Statements of Changes in Net Assets.

Transactions in Fund shares during the current and prior period were as follows:

NCLO

Six Months Ended

1/31/26

For the period

12/10/24

(commencement of

operations)

through 7/31/25

Shares

Value

Shares

Value

Subscriptions

3,525,000

$88,370,830

4,150,000

$103,757,038

Redemptions

(1,575,000)

(39,494,554)

(100,000)

(2,504,421)

Net increase (decrease)

1,950,000

$48,876,276

4,050,000

$101,252,617

NCPB

NUAG

Six Months Ended

1/31/26

Year Ended

7/31/25

Six Months Ended

1/31/26

Year Ended

7/31/25

Shares

Value

Shares

Value

Shares

Value

Shares

Value

Subscriptions

25,000

$633,988

750,000

$19,004,830

550,000

$11,671,605

1,500,000

$31,218,134

Redemptions

–

–

(125,000)

(3,115,595)

(500,000)

(10,602,972)

(400,000)

(8,421,143)

Net increase (decrease)

25,000

$633,988

625,000

$15,889,235

50,000

$1,068,633

1,100,000

$22,796,991

NUSA

NUHY

Six Months Ended

1/31/26

Year Ended

7/31/25

Six Months Ended

1/31/26

Year Ended

7/31/25

Shares

Value

Shares

Value

Shares

Value

Shares

Value

Subscriptions

100,000

$2,338,946

400,000

$9,228,744

850,000

$18,346,413

700,000

$14,948,488

Redemptions

(50,000)

(1,168,819)

(400,000)

(9,323,898)

–

–

(400,000)

(8,342,559)

Net increase (decrease)

50,000

$1,170,127

–

$(95,154)

850,000

$18,346,413

300,000

$6,605,929

NUBD

NHYB

Six Months Ended

1/31/26

Year Ended

7/31/25

For the period

9/23/25

(commencement of

operations)

through 1/31/26

Shares

Value

Shares

Value

Shares

Value

Subscriptions

2,975,000

$66,723,759

3,400,000

$75,648,374

64,475,000

$1,606,706,460

Redemptions

–

–

(1,800,000)

(39,329,376)

(600,000)

(15,064,406)

Net increase (decrease)

2,975,000

$66,723,759

1,600,000

$36,318,998

63,875,000

$1,591,642,054

7. Income Tax Information

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net investment income and

net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated

investment companies. Therefore, no federal income tax provision is required.

Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns are generally

subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional

period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken for all open tax years and has concluded

that no provision for income tax is required in the Fund's financial statements.

As of the end of the reporting period, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for federal income tax

purposes were as follows:

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums exchanged on

derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax reporting, if applicable.

As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:

NPFI

NSCI

Six Months Ended

1/31/26

Year Ended

7/31/25

For the period

9/23/25

(commencement of

operations)

through 1/31/26

Shares

Value

Shares

Value

Shares

Value

Subscriptions

2,725,000

$71,537,342

1,900,000

$49,043,314

4,550,000

$114,288,460

Redemptions

–

–

(400,000)

(10,307,318)

–

–

Net increase (decrease)

2,725,000

$71,537,342

1,500,000

$38,735,996

4,550,000

$114,288,460

NSCR

NUSB

Six Months Ended

1/31/26

Year Ended

7/31/25

Six Months Ended

1/31/26

Year Ended

7/31/25

Shares

Value

Shares

Value

Shares

Value

Shares

Value

Subscriptions

–

$–

20,000

$503,781

175,000

$4,425,209

5,550,000

$139,990,999

Redemptions

–

–

(10,000)

(235,890)

–

–

(575,000)

(14,521,266)

Net increase (decrease)

–

$–

10,000

$267,891

175,000

$4,425,209

4,975,000

$125,469,733

Fund

Tax Cost

Gross Unrealized

Appreciation

Gross Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

NCLO

$

150,979,696

$

243,487

$

(187,904)

$

55,583

NCPB

56,202,373

935,933

(267,882)

668,051

NUAG

60,797,376

757,366

(1,711,836)

(954,470)

NUSA

33,388,486

341,702

(89,460)

252,242

NUHY

114,504,014

2,070,045

(1,160,833)

909,212

NUBD

492,421,535

3,312,602

(26,125,680)

(22,813,078)

NHYB

1,563,284,984

12,210,306

(5,534,677)

6,675,629

NPFI

125,412,343

2,156,803

(417,600)

1,739,203

NSCI

114,862,596

576,140

(205,141)

370,999

NSCR

5,442,921

1,414,102

(108,678)

1,305,424

NUSB

156,123,284

346,027

(135,045)

210,982

(continued)

As of prior fiscal period end, the Funds had capital loss carryforwards, which will not expire:

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital Gains

Unrealized

Appreciation

(Depreciation)

Capital Loss

Carryforwards

Late-Year Loss

Deferrals

Other

Book-to-Tax

Differences

Total

NCLO

$

591,275

$

—

$

(42,894)

$

(24,154)

$

—

$

—

$

524,227

NCPB

171,397

—

32,857

(527,719)

—

—

(323,465)

NUAG

232,629

—

(1,689,306)

(26,857,687)

—

—

(28,314,364)

NUSA

106,161

—

44,270

(2,326,790)

—

—

(2,176,359)

NUHY

595,941

—

673,037

(13,965,979)

—

—

(12,697,001)

NUBD

1,535,694

—

(28,941,793)

(10,698,661)

—

—

(38,104,760)

NHYB

—

—

—

—

—

—

—

NPFI

350,106

4,669

711,906

—

—

—

1,066,681

NSCI

—

—

—

—

—

—

—

NSCR

19,145

—

1,135,754

—

(113,861)

—

1,041,038

NUSB

713,353

(21,625)

—

—

—

692,175

Fund

Short-Term

Long-Term

Total

NCLO

$

24,154

$

—

$

24,154

NCPB

513,472

14,247

527,719

NUAG

20,526,257

6,331,430

26,857,687

NUSA

514,172

1,812,618

2,326,790

NUHY

4,990,959

8,975,020

13,965,979

NUBD

4,154,471

6,544,190

10,698,661

NHYB

—

—

—

NPFI

—

—

—

NSCI

—

—

—

NSCR

—

—

—

NUSB

—

—

—

8. Management Fees and Other Transactions with Affiliates

Management Fees:

Each Fund's management fee compensates the Adviser for its investment advisory services to the Funds. The Sub-Adviser

is compensated for its services to the Funds from the management fees paid to the Adviser. The Adviser is responsible for substantially all other

expenses of the Funds, except any future distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred

in acquiring and disposing of portfolio securities, fees and expenses of the independent trustees (including any trustees' counsel fees), certain

compensation expenses of the Funds' chief compliance officer, litigation expenses and extraordinary expenses.

The annual management fee, payable monthly, for each Fund is based on a percentage of average daily net assets according to the following rates:

As of the end of the current fiscal period, the percentage of Fund shares owned by affiliates was as follows:

9. Subsequent Event

NSCR Fund Liquidation:

On February 12, 2026, the Board approved the liquidation of NSCR, on or about April 13, 2026.

Fund

Management Fee

NCLO

0.25%

NCPB

0.30 NUAG

0.18\*

NUSA

0.15 NUHY

0.30 NUBD

0.15 NHYB

0.08 NPFI

0.55 NSCI

0.38 NSCR

0.45 NUSB

0.17 \* As of May 1, 2025, the management fee changed from 0.20% to 0.18%

Underlying Fund

TIAA

Nuveen Fixed

Income Funds

Nuveen Interval

Funds

Total

NCLO

%

%

%

%

NCPB

–

–

NUAG

–

–

NUSA

–

–

–

–

NUHY

–

–

–

–

NUBD

–

–

–

–

NHYB

–

–

–

–

NPFI

–

NSCI

–

–

–

–

NSCR

–

–

NUSB

–

–

------

**Item 8.** **Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 9.** **Proxy Disclosures for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 10.** **Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** <br>

The Funds do not pay any remuneration to their officers, but the Funds do reimburse Nuveen Fund Advisors, LLC, the Funds' investment adviser and an affiliate of the Funds' officers, for an allocable portion of Nuveen Fund Advisors, LLC's cost of the compensation for the Funds' Chief Compliance Officer. The aggregate remuneration paid to the trustees (all of whom are independent) and to Nuveen Fund Advisors, LLC, the Funds' investment adviser and an affiliate of the Funds' officers, by each Fund is reported as "Trustees fees" and "Management fees" on the Statement of Operations under Item 7 of this Form N-CSR.

------

## Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

#### Nuveen High Yield Corporate Bond ETF

#### Nuveen Securitized Income ETF

#### The Approval Process
At the meeting held on August 5-6, 2025 (the "Meeting"), the Board of Trustees (the "Board" and each Trustee, a "Board Member") of Nushares ETF Trust (the "Trust"), which is comprised entirely of Board Members who are not "interested persons" (as defined under the Investment Company Act of 1940 (the "1940 Act")), considered and approved for each of Nuveen High Yield Corporate Bond ETF (the "High Yield Corporate Bond Fund") and Nuveen Securitized Income ETF (the "Securitized Income Fund" and, together with the High Yield Corporate Bond Fund, the "Funds" and each, a "Fund"), each a series of the Trust, the investment management agreement (each, an "Investment Management Agreement") pursuant to which Nuveen Fund Advisors, LLC ("NFAL" or the "Adviser") serves as investment adviser to such Fund and the investment sub-advisory agreement (each, a "Sub-Advisory Agreement") pursuant to which Nuveen Asset Management, LLC (the "Sub-Adviser") serves as investment sub-adviser to such Fund. The Adviser and the Sub-Adviser are each hereafter a "Fund Adviser." The Investment Management Agreements and the Sub-Advisory Agreements are each hereafter an "Advisory Agreement" and collectively, the "Advisory Agreements." The references to the Board and the Board Members are interchangeable.

To assist the Board in its evaluation of an Advisory Agreement with a Fund Adviser at the Meeting, the Board Members had received, in adequate time in advance of the Meeting and/or at prior meetings, materials which outlined, among other things:

• the nature, extent and quality of the services expected to be provided by the Fund Adviser;

• the organization of the Fund Adviser, including the responsibilities of various departments and key personnel;

• the expertise and background of the Fund Adviser;

• certain performance-related information (as described below);

• certain profitability-related information (as described below);

• the proposed unified fee structure for the Funds, including comparisons of each Fund's proposed unified fee with the net expense ratios of comparable funds; and

• the soft dollar practices of the Fund Adviser, if any.

At the Meeting and/or at prior meetings, the Adviser made presentations to and responded to questions from the Board. During the Meeting and/ or at prior meetings, the Board Members also met privately with their legal counsel to, among other things, review the Board's duties under the 1940 Act, the general principles of state law in reviewing and approving advisory contracts, the standards used by courts in determining whether investment company boards of directors have fulfilled their duties, factors to be considered in voting on advisory contracts and an adviser's fiduciary duty with respect to advisory agreements and compensation. It is with this background that the Board Members considered the Advisory Agreements. As outlined in more detail below, the Board Members considered various factors they believed relevant with respect to the Funds. Each Board Member may have accorded different weight to the various factors and information discussed below in reaching his or her conclusions with respect to a Fund's Advisory Agreements. As applicable, the Board Members also considered information they had received in their capacity as trustees or directors of other registered investment companies advised by the Fund Advisers. The Nuveen fund complex consists of the group of funds advised by NFAL and the group of funds advised by Teachers Advisors, LLC ("TAL" and collectively, the "Nuveen funds" or "funds"). TAL and NFAL are affiliates as NFAL is a subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America ("TIAA"), and TAL is an indirect wholly owned subsidiary of TIAA. The Sub-Adviser is also an affiliate of TAL and NFAL.

A. Nature, Extent and Quality of Services

The Board Members considered the nature, extent and quality of the respective Fund Adviser's services, including portfolio management services and administrative services. Given that the Adviser and the Sub-Adviser already serve as adviser and sub-adviser, respectively, to other Nuveen funds overseen by the Board Members, the Board has a good understanding of each such Fund Adviser's organization, operations, personnel and services. As the Board meets regularly throughout the year to oversee the funds in the fund complex, including funds currently advised or sub-advised, as applicable, by the Fund Advisers, Board Members may have, in part, relied upon their knowledge from their meetings and any other interactions throughout the year with the respective Fund Adviser in evaluating the Advisory Agreements.

The Board Members considered information about the structure, investment objective, investment strategy and other characteristics of each Fund and considered that each Fund would be an exchange-traded fund ("ETF") advised by the Adviser. Further, the Board considered that (i) the High Yield Corporate Bond Fund (an "Index ETF") would seek to track the investment results of a specified underlying index ("Underlying Index"); and (ii) the Securitized Income Fund would be actively managed.

#### 1

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract. (continued)

At the Meeting and/or at prior meetings, the Board Members considered materials regarding, among other things, the respective Fund Adviser's organization and business; the types of services that such Fund Adviser or its affiliates currently provide to the applicable funds and are expected to provide to the Funds; and the experience of the respective Fund Adviser. Further, at the Meeting and/or at prior meetings, the Board Members considered the background and experience of the relevant investment personnel expected to manage each Fund.

The Board has considered that the Adviser provides a wide array of management, oversight and other services to manage and operate the applicable funds. The Board has considered the Adviser's and its affiliates' dedication of resources, time, people and capital as well as consistent program of improvement and innovation aimed at keeping the Nuveen fund complex relevant and attractive for existing and new investors and meeting the needs of an increasingly complex regulatory environment. The Board has considered the significant resources, both financial and personnel, the Adviser and its affiliates have committed over the past several years in working to bring the asset management businesses of Nuveen and TIAA under one centralized umbrella and to consolidate their respective fund families to the benefit of the funds through, among other things, enhanced operating efficiencies, centralized investment leadership and a centralized shared resources and support model. The Board has also considered certain financial data of the Adviser and TIAA in assessing the financial stability and condition of the Adviser to provide a high level of quality services to the applicable funds.

The Board has considered that the funds operate in a highly regulated industry and that the scope and complexity of the services and resources that the Adviser and its affiliates must provide to manage and operate the funds have expanded over the years due to regulatory, market and other developments. Such services include maintaining and monitoring the Nuveen funds' compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs and cybersecurity programs. The Board and/or its Compliance, Risk Management and Regulatory Oversight Committee have received reports regarding the funds' compliance policies and procedures and matters undertaken thereunder as well as other compliance initiatives on a regular basis.

In considering the breadth and quality of services the Adviser and its various teams provide, the Board has considered that the Adviser provides investment advisory services. With respect to the Nuveen funds advised by the Adviser, such funds utilize sub-advisers to manage the portfolios of the funds subject to the supervision of the Adviser. Accordingly, the Board has considered that the Adviser and its affiliates, among other things, oversee and review the performance of the Sub-Adviser and its investment team(s); evaluate fund performance and market conditions; evaluate investment strategies and recommend changes thereto; oversee trade execution and, as applicable, securities lending; evaluate investment risks; and manage valuation matters. With respect to the Nuveen ETFs, such services also include, but are not limited to, performance monitoring and assessment, evaluating tax efficiencies consistent with portfolio management, reviewing tracking error (with respect to Index ETFs) and analyzing secondary market dynamics.

In addition to the portfolio management services provided to the applicable funds (including indirectly by overseeing the sub-advisers), the Board has considered the extensive compliance, regulatory, administrative and other services the Adviser and its various teams or affiliates provide to manage and operate the applicable funds, including but not limited to: distribution management services pursuant to which management seeks to implement distribution policies and set distribution levels consistent with each fund's product design and positioning; compliance services including establishing and maintaining broad-based compliance policies across the Nuveen fund complex, evaluating the compliance programs of various fund services providers, conducting ongoing risk assessments and testing, monitoring portfolio compliance with investment and regulatory requirements and providing a comprehensive compliance training program; providing regulatory advocacy services, including submitting comments on regulatory proposals and monitoring regulatory developments that may impact the fund(s); providing support to the Board and its committees throughout the year, including providing reports on a wide range of topics relating to the operations and management of the funds, helping to refine the materials provided to the Board and/or its committees and providing educational sessions on various topics; establishing and reviewing the services provided by other fund service providers (such as a fund's custodian, accountant, and transfer agent); providing legal support services; and evaluating trade allocation and execution.

Aside from the services provided, the Board has considered the financial resources of the Adviser and/or its affiliates and their willingness to make investments to support the funds. The Board has also considered the benefits to shareholders of investing in a fund that is a part of a large fund complex with a variety of investment disciplines, capabilities, and expertise. The Board has considered the overall reputation and capabilities of the Adviser and its affiliates and the Adviser's continuing commitment to provide high quality services. Further, the Board has considered the significant risks borne by the Adviser and its affiliates in connection with their services to the Nuveen funds, including entrepreneurial risks in sponsoring and supporting new funds and smaller funds and ongoing risks with managing the funds, such as investment, operational, reputational, regulatory, compliance and litigation risks.

The Board Members considered that the Adviser would oversee the Sub-Adviser, which was generally expected to provide portfolio advisory services to the Funds. In addition, the Board Members considered the experience and expertise of the applicable investment team expected to manage each Fund.

Based on its review, the Board determined, in the exercise of its reasonable business judgment, that it was satisfied with the nature, extent and quality of services expected to be provided to the respective Fund under each applicable Advisory Agreement.

B. Investment Performance

Each Fund was new and, therefore, did not have its own performance history. The Board Members, however, were familiar with the performance records of other Nuveen funds advised by the Adviser and sub-advised by the Sub-Adviser.

With respect to the High Yield Corporate Bond Fund, the Board Members considered that the portfolio management team expected to manage the Fund included portfolio managers from teams that managed certain existing passive fixed income ETFs and passive fixed income mutual funds. The Board Members considered that the portfolio management team was expected to maintain an investment process for the Fund that would be generally similar to that used for certain other Nuveen ETFs. Further, the Board Members considered certain historical performance-related data pertaining to various unaffiliated ETFs that, based on information provided by the Adviser, were generally comparable in certain respects to the Fund (the "Comparable High Yield ETFs").

#### 2

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

With respect to the Securitized Income Fund, the Board Members considered that the portfolio management team expected to manage the Fund also managed a strategy that, based on information provided by the Adviser, was generally comparable in certain respects to that anticipated for the Fund (the "Securitized Strategy"). The Board Members considered that the portfolio management team was expected to maintain an investment process for the Fund that would be generally similar to that used for the Securitized Strategy, but also considered certain anticipated differences. The Board Members considered certain historical performance-related data pertaining to the Securitized Strategy. Further, the Board Members considered certain historical performance-related data pertaining to various unaffiliated ETFs that, based on information provided by the Adviser, were generally comparable in certain respects to the Fund (the "Comparable Securitized ETFs" and, together with the Comparable High Yield ETFs, the "Comparable ETFs").

C. Fees, Expenses and Profitability

**1.** **Fees and Expenses** 

In evaluating the management fees and expenses that each Fund was expected to bear, the Board Members considered that each Fund would pay the Adviser a single, all-inclusive (or unified) management fee for providing or paying for all services necessary for the management and operation of the Fund, subject to certain exceptions. Unlike the typical fee arrangements of other funds in which the funds pay a variety of fees and expenses such as investment advisory fees, transfer agency fees, audit fees, custodian fees and other expenses, the Nuveen ETFs pay the Adviser a unified fee, and the Adviser is responsible for providing such services or arranging and supervising third parties to provide such services (subject to the certain exceptions). In this regard, the Board Members were provided with estimates of each Fund's anticipated operating expenses as well as a description of the expenses excluded from the unified fee. In considering the proposed unified fee structure, the Board Members considered that the Adviser would generally bear the risks of a Fund's operating costs rising (and would benefit if such costs decrease) and would therefore have an incentive to be administratively efficient.

In their review, with respect to each Fund, the Board Members considered, among other things, the Fund's proposed unified fee compared to expense and management fee data relating to the applicable Comparable ETFs. Because each Fund will pay a unified fee, the Board Members considered, among other things, the net expense ratios of the ETFs comprising the applicable Comparable ETFs and certain related data provided by the Adviser. Further, the Board Members considered the proposed sub-advisory fee for each Fund, which will be paid by the Adviser out of its unified fee.

Based on their review of the fee and expense information provided, the Board Members determined that each Fund's proposed management fees (as applicable) to a Fund Adviser were reasonable in light of the nature, extent and quality of services expected to be provided to the Fund.

**2.** **Comparisons with the Fees of Other Clients** 

At the Meeting and/or at prior meetings, the Board has considered that the Adviser, affiliated sub-advisers and/or their affiliate(s) provide investment management services to, in addition to the Nuveen funds, various other types of clients which may include, among others: separately managed accounts, retail managed accounts, foreign funds (UCITS), other investment companies (as sub-advisers), limited partnerships and collective investment trusts. The Board has previously considered certain fee data for these other types of clients managed in a similar manner to certain of the funds compared to the management fee of the applicable fund. The Board has considered a description of various factors which contribute to the differences in the management fee rates of the funds compared to those charged to these other types of clients, which has limited the comparability of the data. In this regard, the Board has considered that the differences in, among other things, the breadth of services provided by the Adviser and its affiliates to the funds compared to those provided to other clients; the expenses the Adviser and its affiliates incur in launching, operating and supporting a fund; the support services provided to shareholders; the extensive regulatory, disclosure and governance requirements applicable to funds; the establishment and maintenance of servicing relationships with various service providers for the funds; the manner of managing such assets; investment policies; investor profiles; and account sizes all may contribute to variations in relative fee rates. Differences in the level of advisory services required for passively managed funds, including Index ETFs, also contribute to differences in the management fee levels of such funds compared to actively managed funds. In addition, differences in the client base; governing bodies, regulatory and legal requirements; distribution; jurisdiction and operational complexities also would contribute to variations in management fees assessed the funds compared to foreign fund clients. Further, differences in the level of advisory and non-advisory services required and risk incurred when serving as a sub-adviser to other investment companies compared to serving as the Adviser to a Nuveen fund contribute to differences in the fees assessed. In this regard, the Board has further considered the significant entrepreneurial, legal and regulatory risks that the Adviser incurs in sponsoring and managing the funds. As a general matter, higher fee levels reflect higher levels of service provided by the Adviser, increased investment management complexity, greater product management requirements, and higher levels of business risk or some combination of these factors. The Board has further considered that a sub-adviser's fee is essentially for portfolio management services and therefore more comparable to the fees it receives for retail wrap accounts and other external sub-advisory mandates. The Board has concluded that the varying levels of fees are reasonable given the foregoing.

Based on information provided by the Adviser, with respect to the High Yield Corporate Bond Fund, the Board considered the proposed management fees and net expense ratio for such Fund compared to those of another Index ETF advised by the Adviser that, based on information provided by the Adviser, was generally comparable in certain respects to such Fund, but tracked an Underlying Index that incorporated certain environmental, social and governance (ESG) criteria. Further, based on information provided by the Adviser, with respect to the Securitized Income Fund, the Board considered the proposed management fees and net expense ratio for such Fund compared to those of the Securitized Strategy.

#### 3

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract. (continued)

**3.** **Profitability of the Fund Advisers** 

At the Meeting and/or at prior meetings, the Board Members have considered various profitability data relating to the Fund Advisers' services to the Nuveen funds. In considering the costs of services to be provided and profits to be realized by the Adviser (which encompassed its affiliated sub-advisers) from its relationship with the funds, the Board Members have considered a variety of estimated profitability data from various perspectives including, among other things, (a) historical pre-distribution and post-distribution margins over specified periods for the Adviser's services to the applicable funds; (b) certain profitability data on behalf of the Adviser attributable to servicing all applicable funds for 2024 and 2023; (c) certain profitability data of both the Adviser and TAL (as an adviser for other Nuveen funds) on a combined basis derived from types of funds in the aggregate (i.e., from closed-end funds, exchange-traded funds, interval funds and open-end funds) for 2024 and 2023; and (d) certain profitability data of both the Adviser and TAL (as an adviser for other Nuveen funds) on a combined basis by asset grouping of Nuveen funds in the aggregate (i.e., from equity, fund of funds, index, municipal bond and taxable fixed income funds). In addition, the Board has considered profitability data at the per fund level for the respective adviser.

In reviewing the profitability data, the Board Members have considered the subjective nature of calculating profitability as the information is not audited and is necessarily dependent on cost allocation methodologies to allocate expenses throughout the complex and among the various advisory products. The Board has reviewed, among other things, a description of the cost allocation methodology employed to develop the profitability data. However, the Board Members have considered that given there is no single universally recognized expense allocation methodology, other reasonable and valid allocation methodologies could be employed and could lead to significantly different profit and loss results and therefore developing profitability data is difficult, particularly on a per fund level.

Further, in considering the comparative margin data with peers, the Board Members have considered the limitations of the comparative data given that peer data is not generally public and the calculation of profitability is subjective and affected by numerous factors (such as types of funds a peer manages, its business mix, its cost of capital, the numerous assumptions underlying the methodology used to allocate expenses and other factors) that can have a significant impact on the results. Given that the peer profitability data may reflect the different business mix of the respective peer firm, the Board has also considered the pre- and post-distribution margins of Nuveen, LLC for each of the calendar years from 2020 through 2024.

Aside from the foregoing profitability data, the Board has also considered, among other things, the audited statutory-basis financial statements of TIAA as of December 31, 2024 and 2023 and the related statutory-basis statements of operations, of changes in capital and contingency reserves and of cash flows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022. The Board has considered the benefit of an investment adviser and its parent with significant resources, particularly during periods of market volatility. The Board has also considered the investments the Adviser, its parent and/or other affiliates have made into their business.

In evaluating the reasonableness of compensation, the Board Members have also considered the indirect benefits the respective Fund Adviser may receive as a result of its relationship with the funds in the fund complex, as discussed in further detail below.

The Board considered certain information regarding the expected profitability of each Fund for its first year of operations, including currently estimated pre- and post-distribution margins.

D. Economies of Scale and Whether Fee Levels Reflect These Economies of Scale

The Board considered whether the Funds could be expected to benefit from any economies of scale. Although the Board has considered that economies of scale are difficult to measure with any precision and the rates at which certain expenses are incurred may not decline with a rise in assets, the Board has also considered that there are a variety of methods that may be employed to help share the benefits of economies of scale, including, among other things, through the use of breakpoints in the management fee schedule, fee waivers and/or expense limitations, the pricing of funds at scale at inception and investments in the Adviser's business which can enhance the services provided to the applicable funds for the fees paid. In this regard, the Board has considered that, with respect to the Nuveen funds generally, although the management fee of the Adviser typically is comprised of a fund-level component and a complex-level component, each with its own breakpoint schedule, the Nuveen ETFs do not have breakpoint schedules and do not participate in the complex-level fee program. The Board Members considered that the Funds will not have breakpoint schedules, participate in the complex-level fee program or have fee waivers or expense limitation agreements. As indicated above, the Adviser will generally pay the operating expenses of each Fund (subject to certain exceptions) under the unified fee structure. The Board has considered that the Nuveen ETFs pay a unified fee and as a result, any reduction in fixed costs associated with the management of these funds would benefit the Adviser. However, the Board Members have considered that the unified fee schedule provides shareholders with a level of certainty of the expenses of the Nuveen ETFs. The Board Members have considered that the unified fees generally provide inherent economies of scale because the Nuveen ETF would maintain a relatively fixed fee over a given time period even if the particular fund's assets declined and/or operating costs rose. The Board Members also considered that each Fund was being priced using an at-scale approach.

In addition, the Board Members have considered the continued reinvestment in Nuveen's business to enhance its capabilities and services to the benefit of its various clients. The Board has considered that many of these investments were not specific to individual Nuveen funds, but rather initiatives from which the family of funds as a whole may benefit. The Board has further considered that the scope of the services of the Adviser and its affiliates have expanded over time without raising advisory fees to the funds, and this has also been a means of sharing economies of scale with the funds and their shareholders.

Based on its review, with respect to each Fund, the Board was satisfied that the proposed fee arrangements were expected to appropriately share any economies of scale with the Fund's shareholders.

#### 4

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

E. Indirect Benefits

At the Meeting and/or prior meetings, the Board Members have received and considered information regarding various indirect benefits the respective Fund Adviser or its affiliates may receive as a result of their relationship with the funds in the fund complex. These benefits have included, among other things, economies of scale to the extent the Adviser or its affiliates share investment resources and/or personnel with other clients of the Adviser. Certain funds may also be used as investment options for other products or businesses offered by the Adviser and/or its affiliates, such as variable products, fund of funds and 529 education savings plans, and affiliates of the Adviser may serve as sub-adviser to various funds in which case all advisory and sub-advisory fees generated by such funds stay within Nuveen.

Further, the funds may pay the Adviser and/or its affiliates for other services, such as distribution. In this regard, the Board Members considered that an affiliate of the Adviser serves as principal underwriter providing distribution and/or shareholder services to the open-end funds for which it may be compensated. In addition, the Board Members have considered that the Adviser and Sub-Adviser may utilize soft dollar brokerage arrangements attributable to the respective funds to obtain research and other services for any or all of their clients, although the Board Members have also considered reimbursements of such costs by the Adviser and/or Sub-Adviser.

The Adviser and its affiliates may also benefit from the advisory relationships with the funds in the fund complex to the extent this relationship results in potential investors viewing the TIAA group of companies as a leading retirement plan provider in the academic and nonprofit market and a single source for all their financial service needs. The Adviser and/or its affiliates may further benefit to the extent that they have pricing or other information regarding vendors the funds utilize in establishing arrangements with such vendors for other products.

Based on its review, the Board concluded that any indirect benefits expected to be received by a Fund Adviser as a result of its relationship with the Funds were reasonable in light of the services expected to be provided.

F. Approval

The Board Members did not identify any single factor discussed previously as all-important or controlling. With respect to each Fund, the Board Members concluded that the terms of the applicable Investment Management Agreement and Sub-Advisory Agreement were reasonable, that the Fund Advisers' fees were reasonable in light of the services expected to be provided to the Fund, and that the applicable Investment Management Agreement and Sub-Advisory Agreement should be and were approved on behalf of the Fund.

#### 5

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**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

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**Item 13.** **Portfolio Managers of Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

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**Item 14.** **Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** <br>

Not applicable to open-end investment companies.

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**Item 15.** **Submission of Matters to a Vote of Security Holders.** <br>

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees implemented after the registrant last provided disclosure in response to this Item.

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**Item 16.** **Controls and Procedures.** <br>

(a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

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**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** <br>

(a) Not applicable to open-end investment companies.

(b) Not applicable to open-end investment companies.

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**Item 18.** **Recovery of Erroneously Awarded Compensation.** <br>

(a) Not applicable.

(b) Not applicable.

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**Item 19.** **Exhibits.** <br>

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| | |
|:---|:---|
| (a)(1) | Not applicable to this filing. |
| (a)(2) | Not applicable to this filing. |
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.](d33947dex99cert.htm) |
| (a)(4) | Not applicable. |
| (a)(5) | Not applicable. |
| (b) | [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.](d33947dex99906cert.htm) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

<u>Nushares ETF Trust</u> 

---

| | | |
|:---|:---|:---|
| Date: April 2, 2026 | By: | /s/ Briton Ryan |
|  |  | Briton Ryan |
|  |  | Chief Administrative Officer |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| Date: April 2, 2026 | By: | /s/ Briton Ryan |
|  |  | Briton Ryan |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: April 2, 2026 | By: | /s/ Marc Cardella |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---

## Ex-99.Cert

**Exhibit 19(a)(3)** 

**<u>CERTIFICATION</u>**

I, Briton Ryan, certify that:

1. I have reviewed this report on Form N-CSR of Nushares ETF Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: April 2, 2026 | By: | /s/ Briton Ryan |
|  |  | Briton Ryan |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |

---

------

**<u>CERTIFICATION</u>**

I, Marc Cardella, certify that:

1. I have reviewed this report on Form N-CSR of Nushares ETF Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: April 2, 2026 | By: | /s/ Marc Cardella |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---

## Exhibit 99.906

**Exhibit 19(b)** 

**<u>CERTIFICATION</u>**

**Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** 

**(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)** 

In connection with the semi-annual report of Nushares ETF Trust (the "Registrant") on Form N-CSR for the period ended January 31, 2026, as filed with the Securities and Exchange Commission (the "Report"), the undersigned officers of the Registrant certify that, to the best of each such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: April 2, 2026 | By: | /s/ Briton Ryan |
|  |  | Briton Ryan |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: April 2, 2026 | By: | /s/ Marc Cardella |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---