Please wait
1
Portfolio
of
Investments
April
30,
2026
JPC
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
159.1%
(99.6%
of
Total
Investments)
4,476
COMMON
STOCKS
-
0.0%
(0.0%
of
Total
Investments)
4,476
MATERIALS
-
0.0%
(0.0%
of
Total
Investments)
60
LyondellBasell
Industries
NV,
Class
A
$
4,476
TOTAL
MATERIALS
4,476
TOTAL
COMMON
STOCKS
(Cost
$0)
4,476
SHARES
DESCRIPTION
RATE
VALUE
21380971
CONVERTIBLE
PREFERRED
SECURITIES
-
0.7%
(0.5%
of
Total
Investments)
21380971
BANKS
-
0.7%
(0.5%
of
Total
Investments)
5,849
Bank
of
America
Corp
7.250
%
7,151,982
11,949
Wells
Fargo
&
Co
7.500
14,228,989
TOTAL
BANKS
21,380,971
TOTAL
CONVERTIBLE
PREFERRED
SECURITIES
(Cost
$24,885,225)
21,380,971
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
4237562013
CORPORATE
BONDS
-
142.8%
(89.4%
of
Total
Investments)
(a)
4237562013
AUTOMOBILES
&
COMPONENTS
-
0.8%
(0.5%
of
Total
Investments)
$
16,352,000
(b),(c)
General
Motors
Financial
Co
Inc
5.750
N/A
16,211,284
8,914,000
(b),(c)
General
Motors
Financial
Co
Inc
5.700
N/A
8,758,933
TOTAL
AUTOMOBILES
&
COMPONENTS
24,970,217
BANKS
-
84.9%
(53.1%
of
Total
Investments)
5,445,000
(b),(d),(e)
Australia
&
New
Zealand
Banking
Group
Ltd/United
Kingdom
6.750
N/A
5,450,695
12,487,000
(b),(e),(f)
Banco
Bilbao
Vizcaya
Argentaria
SA
7.125
N/A
12,487,000
13,800,000
(b),(e),(g)
Banco
Bilbao
Vizcaya
Argentaria
SA
7.750
N/A
14,606,058
37,869,000
(b),(e)
Banco
Bilbao
Vizcaya
Argentaria
SA
9
.375
N/A
41,693,125
20,330,000
(b),(e),(g)
Banco
Bilbao
Vizcaya
Argentaria
SA
6.125
N/A
20,356,734
6,440,000
(b),(d),(e)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
7.500
N/A
6,590,651
3,120,000
(b),(d),(e)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
7.625
N/A
3,189,585
26,519,800
(b),(d),(e)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
8.750
N/A
28,667,506
49,600,000
(b),(e)
Banco
Santander
SA
9.625
N/A
58,894,842
61,000,000
(b),(e)
Banco
Santander
SA
8.000
N/A
66,249,599
44,725,000
(b),(c)
Bank
of
America
Corp
6.625
N/A
46,127,755
47,134,000
(b),(c)
Bank
of
America
Corp
6.125
N/A
47,454,464
22,872,000
(b),(c)
Bank
of
America
Corp
6.250
N/A
23,116,067
11,420,000
(b),(c)
Bank
of
America
Corp
4.375
N/A
11,315,148
8,880,000
(c)
Bank
of
Montreal
7.700
05/26/84
9,329,062
24,483,000
(c)
Bank
of
Montreal
7.300
11/26/84
25,793,257
21,308,000
(c)
Bank
of
Montreal
6.875
11/26/85
21,805,009
10,550,000
(c),(g)
Bank
of
Nova
Scotia/The
8.625
10/27/82
11,076,019
10,625,000
(c),(g)
Bank
of
Nova
Scotia/The
8.000
01/27/84
11,267,897
15,800,000
(c)
Bank
of
Nova
Scotia/The
6.875
10/27/85
15,988,219
82,251,000
(b),(e),(g)
Barclays
PLC
9.625
N/A
91,788,826
30,508,000
(b),(e),(h)
Barclays
PLC
8.000
N/A
32,019,580
11,522,000
(b),(e)
Barclays
PLC
7.625
N/A
12,135,547
16,286,000
(b),(d),(e)
BNP
Paribas
SA
7.450
N/A
16,871,075
12,749,000
(b),(d),(e)
BNP
Paribas
SA
7.375
N/A
13,221,542
56,473,000
(b),(d),(e),(g)
BNP
Paribas
SA
8.000
N/A
60,431,531
37,327,000
(b),(d),(e)
BNP
Paribas
SA
8.500
N/A
39,438,402
30,155,000
(b),(d),(e),(g)
BNP
Paribas
SA
9.250
N/A
31,782,646
31,370,000
(b),(d),(e)
BNP
Paribas
SA
7.750
N/A
32,903,052
22,660,000
(b),(d),(e)
BNP
Paribas
SA
0.000
N/A
22,792,924
21,630,000
(c)
Canadian
Imperial
Bank
of
Commerce
6.950
01/28/85
22,052,456
19,585,000
(c)
Canadian
Imperial
Bank
of
Commerce
7.000
10/28/85
20,096,893
10,329,000
(c)
Canadian
Imperial
Bank
of
Commerce
6.500
07/28/86
10,297,081
18,072,000
(b),(c),(g)
Citigroup
Inc
7.000
N/A
18,772,778
38,257,000
(b),(c),(h)
Citigroup
Inc
7
.125
N/A
38,817,006
59,617,000
(b),(c),(h)
Citigroup
Inc
7.625
N/A
61,996,791
Portfolio
of
Investments
April
30,
2026
(continued)
JPC
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
BANKS
(continued)
$
17,115,000
(b),(c)
Citigroup
Inc
6.625
%
N/A
$
17,324,776
6,896,000
(b),(c)
Citigroup
Inc
6.250
N/A
6,897,593
13,084,000
(b),(c)
Citigroup
Inc
6.875
N/A
13,284,211
11,606,000
(b),(c)
Citigroup
Inc
7.375
N/A
11,924,237
12,700,000
(b),(c)
Citigroup
Inc
6.950
N/A
12,924,765
7,000,000
(b),(c),(i)
Citizens
Financial
Group
Inc
(TSFR3M
+
3.265%)
6.938
N/A
6,983,372
10,048,000
(b),(c),(i)
Citizens
Financial
Group
Inc
(TSFR3M
+
3.419%)
7.097
N/A
10,042,368
39,041,000
(b),(d),(e),(h)
Credit
Agricole
SA
6.700
N/A
39,430,161
44,807,000
(b),(d),(e),(g)
Credit
Agricole
SA
7.125
N/A
46,439,498
16,531,000
(b),(c),(i)
Fifth
Third
Bancorp
(TSFR3M
+
3.295%)
6.994
N/A
16,487,190
20,549,000
(b),(c),(g),(i)
First
Citizens
BancShares
Inc/NC
(TSFR3M
+
4.234%)
7.908
N/A
20,677,226
12,521,000
(b),(c)
First
Citizens
BancShares
Inc/NC
7.000
N/A
12,583,668
18,939,000
(b),(e)
HSBC
Holdings
PLC
6.750
N/A
19,182,476
37,770,000
(b),(e),(h)
HSBC
Holdings
PLC
8.000
N/A
39,381,117
36,345,000
(b),(e),(h)
HSBC
Holdings
PLC
6.875
N/A
37,235,416
67,864,000
(b),(e),(g)
HSBC
Holdings
PLC
6.950
N/A
70,280,841
13,942,000
(b),(e)
HSBC
Holdings
PLC
6.950
N/A
14,243,565
21,012,000
(b),(c)
Huntington
Bancshares
Inc/OH
6.250
N/A
21,042,152
23,540,000
(b),(c)
Huntington
Bancshares
Inc/OH
5.625
N/A
23,794,020
55,681,000
(b),(e),(g)
ING
Groep
NV
7.000
N/A
57,584,622
47,335,000
(b),(e)
ING
Groep
NV,
Reg
S
7.500
N/A
48,993,013
31,951,000
(b),(c)
JPMorgan
Chase
&
Co
6.100
N/A
31,951,000
33,300,000
(b),(c),(h)
JPMorgan
Chase
&
Co
6.500
N/A
34,184,282
67,326,000
(b),(c),(h)
JPMorgan
Chase
&
Co
6.875
N/A
70,135,851
3,600,000
(c),(g)
JPMorgan
Chase
&
Co
8.750
09/01/30
4,171,648
8,000,000
(c),(g)
KeyCorp
Capital
III
7.750
07/15/29
8,453,747
53,461,000
(b),(e),(h)
Lloyds
Banking
Group
PLC
8.000
N/A
57,013,163
25,437,000
(b),(e)
Lloyds
Banking
Group
PLC
6.750
N/A
26,169,051
2,395,000
(b),(c)
M&T
Bank
Corp
5.125
N/A
2,384,445
10,555,000
(b),(d),(e)
Macquarie
Bank
Ltd/London
6.125
N/A
10,618,214
70,914,000
(b),(e),(g)
NatWest
Group
PLC
8.125
N/A
78,294,233
26,710,000
(b),(e)
NatWest
Group
PLC
7.300
N/A
27,719,291
9,865,000
(b),(d),(e)
Nordea
Bank
Abp
6.300
N/A
9,962,052
23,618,000
(b),(d),(e)
Nordea
Bank
Abp
6.750
N/A
24,067,828
7,265,000
(b),(c)
PNC
Financial
Services
Group
Inc/The
6.000
N/A
7,266,126
19,180,000
(b),(c)
PNC
Financial
Services
Group
Inc/The
6.200
N/A
19,307,566
39,650,000
(b),(c),(h)
PNC
Financial
Services
Group
Inc/The
6.250
N/A
40,292,211
20,754,000
(c)
Royal
Bank
of
Canada
6.500
05/24/86
20,550,976
21,448,000
(c)
Royal
Bank
of
Canada
6.750
08/24/85
21,827,415
36,067,000
(b),(d),(e)
Societe
Generale
SA
9.375
N/A
38,035,284
9,850,000
(b),(d),(e)
Societe
Generale
SA
8.500
N/A
10,803,657
31,029,000
(b),(d),(e)
Societe
Generale
SA
7.125
N/A
30,709,603
41,677,000
(b),(d),(e)
Societe
Generale
SA
10.000
N/A
45,552,336
24,100,000
(b),(c),(d),(h)
Standard
Chartered
PLC
7.014
N/A
24,702,214
10,725,000
(b),(d),(e)
Standard
Chartered
PLC
7.750
N/A
11,052,917
17,919,000
(c)
Toronto-Dominion
Bank/The
6.350
10/31/85
18,039,469
34,690,000
(c)
Toronto-Dominion
Bank/The
8.125
10/31/82
36,082,804
73,333,000
(b),(c),(h)
Truist
Financial
Corp
6.669
N/A
73,360,940
8,007,000
(b),(c)
Truist
Financial
Corp
5.100
N/A
8,059,806
EUR
13,000,000
(b),(e)
UniCredit
SpA,
Reg
S
5.800
N/A
14,909,829
26,000,000
(c),(g)
Wells
Fargo
&
Co
7.950
11/15/29
28,717,065
32,797,000
(b),(c),(h)
Wells
Fargo
&
Co
7.625
N/A
34,437,473
56,669,000
(b),(c),(g),(h)
Wells
Fargo
&
Co
6.850
N/A
58,946,980
36,292,000
(b),(c)
Wells
Fargo
&
Co
6.125
N/A
36,417,788
TOTAL
BANKS
2,517,810,373
CAPITAL
GOODS
-
1.6%
(1.0%
of
Total
Investments)
1,960,000
(c),(d)
ILFC
E-Capital
Trust
I
6.270
12/21/65
1,680,578
15,131,000
(c),(d)
ILFC
E-Capital
Trust
II
6.630
12/21/65
13,231,023
8,660,000
(b),(c)
Sumisho
Air
Lease
Corp
4.650
N/A
8,620,167
5,325,000
(b),(c)
Sumisho
Air
Lease
Corp
4.125
N/A
5,254,494
18,086,000
(b),(c)
Sumisho
Air
Lease
Corp
6.000
N/A
17,520,040
TOTAL
CAPITAL
GOODS
46,306,302
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
-
8.0%
(5.0%
of
Total
Investments)
$
4,043,000
(c)
Enbridge
Inc
5.500
%
07/15/77
$
4,033,808
12,305,000
(c),(h)
Enbridge
Inc
5.750
07/15/80
12,376,701
19,015,000
(c)
Enbridge
Inc
7.625
01/15/83
20,603,532
1,900,000
(c)
Enbridge
Inc
8.250
01/15/84
2,006,875
48,218,000
(c),(h)
Enbridge
Inc
8.500
01/15/84
54,925,642
2,986,000
(b),(c)
Energy
Transfer
LP
6.625
N/A
3,012,306
40,246,000
(b),(c),(h)
Energy
Transfer
LP
7.125
N/A
41,334,050
4,564,000
(b),(c)
Energy
Transfer
LP
6.500
N/A
4,569,381
6,745,000
(c),(g)
Energy
Transfer
LP
8.000
05/15/54
7,149,880
21,310,000
(c)
Energy
Transfer
LP
6.750
02/15/56
21,463,134
8,263,000
(c)
South
Bow
Canadian
Infrastructure
Holdings
Ltd
7.500
03/01/55
8,735,929
15,985,000
(b),(c),(d)
Sunoco
LP
7.875
N/A
16,553,363
17,785,000
(c)
Transcanada
Trust
5.600
03/07/82
17,567,742
24,210,000
(b),(c),(d)
Venture
Global
LNG
Inc
9.000
N/A
23,944,724
TOTAL
ENERGY
238,277,067
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.5%
(0.3%
of
Total
Investments)
16,100,000
(c),(d),(g)
Scentre
Group
Trust
2
5.125
09/24/80
16,213,425
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
16,213,425
FINANCIAL
SERVICES
-
20.3%
(12.7%
of
Total
Investments)
23,817,000
(c),(g)
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6.950
03/10/55
24,663,003
20,900,000
(c),(g)
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6.500
01/31/56
21,276,367
12,285,000
(b),(c),(h)
Ally
Financial
Inc
4.700
N/A
12,253,312
15,739,000
(b),(c),(g)
Ally
Financial
Inc
4.700
N/A
15,142,279
14,718,000
(b),(c)
Ally
Financial
Inc
7.100
N/A
14,706,414
10,060,000
(b),(c),(d)
American
AgCredit
Corp
5.250
N/A
9,909,100
5,440,000
(b),(c),(d)
Capital
Farm
Credit
ACA
8.393
N/A
5,385,600
17,115,000
(b),(c),(g)
Capital
One
Financial
Corp
3.950
N/A
16,981,097
2,410,000
(b),(c)
Capital
One
Financial
Corp
5.500
N/A
2,383,911
16,579,000
(b),(c)
Charles
Schwab
Corp/The
6.100
N/A
16,586,351
2,400,000
(b),(c),(d)
Compeer
Financial
ACA
4.875
N/A
2,352,000
15,890,000
(b),(c),(d)
Compeer
Financial
ACA
7.875
N/A
16,128,355
3,989,000
(c),(g)
Corebridge
Financial
Inc
6.875
12/15/52
4,048,859
15,073,000
(b),(c)
Corebridge
Financial
Inc
6.875
N/A
15,503,560
12,740,000
(j)
Credit
Suisse
Group
AG
7.500
01/17/72
4,331,600
19,307,000
(j)
Credit
Suisse
Group
AG
7.500
06/11/72
6,564,380
11,045,000
(j)
Credit
Suisse
Group
AG
6.380
02/21/72
3,755,300
19,725,000
(j)
Credit
Suisse
Group
AG
7.250
03/12/72
6,706,500
27,270,000
(j)
Credit
Suisse
Group
AG
0.000
01/17/72
9,271,800
36,400,000
(b),(e)
Deutsche
Bank
AG,
Reg
S
8.130
N/A
38,616,978
33,976,000
(b),(c)
Goldman
Sachs
Group
Inc/The
7.500
N/A
35,507,740
3,347,000
(b),(c)
Goldman
Sachs
Group
Inc/The
5.300
N/A
3,352,308
26,003,000
(b),(c),(h)
Goldman
Sachs
Group
Inc/The
6.850
N/A
26,788,837
27,992,000
(b),(c)
Goldman
Sachs
Group
Inc/The
6
.125
N/A
28,201,044
35,550,000
(b),(c),(h)
Goldman
Sachs
Group
Inc/The
7.500
N/A
37,371,298
10,200,000
(b),(e)
Julius
Baer
Group
Ltd,
Reg
S
7.500
N/A
10,534,844
10,116,000
(b),(e)
Nomura
Holdings
Inc
7.000
N/A
10,423,203
18,445,000
(b),(c)
State
Street
Corp
6.700
N/A
19,006,927
7,781,000
(b),(d),(e)
UBS
Group
AG
7.000
N/A
7,918,389
53,767,000
(b),(d),(e),(h)
UBS
Group
AG
9.250
N/A
62,748,186
35,350,000
(b),(d),(e)
UBS
Group
AG
9.250
N/A
38,253,119
41,104,000
(b),(d),(e)
UBS
Group
AG
7.750
N/A
43,847,939
29,627,000
(b),(c)
Voya
Financial
Inc
7.758
N/A
30,900,961
TOTAL
FINANCIAL
SERVICES
601,421,561
FOOD,
BEVERAGE
&
TOBACCO
-
2.4%
(1.5%
of
Total
Investments)
12,605,000
(b),(c),(d)
Dairy
Farmers
of
America
Inc
7.125
N/A
12,592,269
30,110,000
(b),(c),(d),(h)
Land
O'
Lakes
Inc
8.000
N/A
29,868,825
16,840,000
(b),(c),(d)
Land
O'
Lakes
Inc
7.250
N/A
15,366,500
15,283,000
(b),(c),(d)
Land
O'
Lakes
Inc
7
.000
N/A
13,405,538
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
71,233,132
Portfolio
of
Investments
April
30,
2026
(continued)
JPC
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.4%
(0.3%
of
Total
Investments)
$
7,397,000
(c),(g)
CVS
Health
Corp
6.750
%
12/10/54
$
7,663,484
4,200,000
(c),(g)
CVS
Health
Corp
7.000
03/10/55
4,357,573
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
12,021,057
INSURANCE
-
13.4%
(8.4%
of
Total
Investments)
16,663,000
(c),(h)
American
National
Group
Inc
7.000
12/01/55
16,283,563
20,974,000
(c),(g)
Assurant
Inc
7.000
03/27/48
21,244,952
19,509,000
(c),(d)
Assured
Guaranty
Municipal
Holdings
Inc
6.400
12/15/66
18,495,305
4,395,000
(c),(g)
AXIS
Specialty
Finance
LLC
4.900
01/15/40
4,293,195
21,454,000
(c),(g)
Corebridge
Financial
Inc
6.375
09/15/54
21,332,798
15,713,000
(c),(g)
Enstar
Finance
LLC
5.500
01/15/42
15,416,067
9,348,000
(c),(d),(g)
Enstar
Group
Ltd
7.500
04/01/45
9,677,293
19,860,000
(c),(d),(g)
Liberty
Mutual
Group
Inc
7.800
03/15/37
22,103,278
6,150,000
(c),(d),(g)
Liberty
Mutual
Insurance
Co
7.697
10/15/97
6,665,853
20,900,000
(c),(d),(g)
MetLife
Capital
Trust
IV
7.875
12/15/37
22,811,869
7,689,000
(c)
MetLife
Inc
5.850
03/15/56
7,584,965
10,425,000
(c),(g)
MetLife
Inc
6.350
03/15/55
10,671,666
46,259,000
(c),(d),(g)
MetLife
Inc
9.250
04/08/38
54,462,016
5,165,000
(c)
MetLife
Inc
10.750
08/01/39
6,706,102
31,538,000
(c),(g)
Nationwide
Financial
Services
Inc
6.750
05/15/37
31,307,241
20,525,000
(d)
Omnis
Funding
Trust
6.722
05/15/55
21,051,467
14,520,000
(c)
PartnerRe
Finance
B
LLC
4.500
10/01/50
13,828,250
8,238,000
(c)
Provident
Financing
Trust
I
7.405
03/15/38
8,780,022
4,295,000
(c)
Prudential
Financial
Inc
5.125
03/01/52
4,186,060
3,000,000
(c)
Prudential
Financial
Inc
6.000
09/01/52
3,039,912
8,462,000
(c),(g)
Prudential
Financial
Inc
6.500
03/15/54
8,713,355
5,000,000
(c)
QBE
Insurance
Group
Ltd,
Reg
S
5.875
06/17/46
5,003,980
2,000,000
(c)
Reinsurance
Group
of
America
Inc
6.650
09/15/55
2,029,180
20,587,000
(b),(c)
RLGH
Finance
Bermuda
Ltd,
Reg
S
6.875
N/A
20,622,526
16,670,000
(b),(c),(d)
SBL
Holdings
Inc
9.508
N/A
15,763,080
12,135,000
(b),(c),(d),(h)
SBL
Holdings
Inc
6.500
N/A
10,969,356
13,209,000
(b),(e)
Standard
Life
PLC,
Reg
S
8.500
N/A
14,084,717
TOTAL
INSURANCE
397,128,068
MATERIALS
-
0.5%
(0.3%
of
Total
Investments)
14,568,000
(b),(c),(d)
Cemex
SAB
de
CV
7.200
N/A
15,085,310
TOTAL
MATERIALS
15,085,310
MEDIA
&
ENTERTAINMENT
-
0.3%
(0.2%
of
Total
Investments)
7,694,000
(b),(c),(d)
Farm
Credit
Bank
of
Texas
7.750
N/A
7,993,536
TOTAL
MEDIA
&
ENTERTAINMENT
7,993,536
TELECOMMUNICATION
SERVICES
-
2.4%
(1.5%
of
Total
Investments)
14,146,000
(c),(g)
Bell
Telephone
Co
of
Canada
or
Bell
Canada
7.000
09/15/55
14,680,026
16,931,000
(c),(g)
Rogers
Communications
Inc
7.125
04/15/55
17,466,198
11,859,000
(c),(g)
TELUS
Corp
7.000
10/15/55
12,266,096
25,700,000
(c),(g)
Vodafone
Group
PLC
7.000
04/04/79
26,801,964
TOTAL
TELECOMMUNICATION
SERVICES
71,214,284
UTILITIES
-
7.3%
(4.6%
of
Total
Investments)
5,975,000
(c),(d),(g)
AES
Andes
SA
8.150
06/10/55
6,281,787
10,231,000
(c),(g)
AES
Corp/The
7.600
01/15/55
10,422,637
14,881,000
(c),(g)
AES
Corp/The
6.950
07/15/55
14,517,133
6,779,000
(c),(d),(g)
AltaGas
Ltd
7.200
10/15/54
7,042,954
15,754,000
(c),(g)
CMS
Energy
Corp
6.500
06/01/55
16,141,170
7,058,000
(c),(g)
Dominion
Energy
Inc
7.000
06/01/54
7,525,868
5,393,000
(c),(g)
Dominion
Energy
Inc
6.625
05/15/55
5,515,674
7,824,000
(c),(g)
Duke
Energy
Corp
6.450
09/01/54
8,174,132
7,165,000
(c),(g)
Edison
International
8.125
06/15/53
7,350,810
4,560,000
(c)
Edison
International
7.875
06/15/54
4,703,822
2,816,000
(c)
Emera
US
Finance
LLC
6.850
10/01/56
2,824,423
17,941,000
(c),(g)
Entergy
Corp
7.125
12/01/54
18,469,865
11,083,000
(c),(g)
EUSHI
Finance
Inc
7.625
12/15/54
11,474,246
15,131,000
(c),(g)
NextEra
Energy
Capital
Holdings
Inc
6.750
06/15/54
15,844,033
7,074,000
(c),(g)
PG&E
Corp
7.375
03/15/55
7,276,012
8,135,000
(c),(d)
Puget
Energy
Inc
7
.250
09/15/56
8,180,727
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES
(continued)
$
8,261,000
(c)
Sempra
4.125
%
04/01/52
$
8,141,361
13,818,000
(c),(g)
Sempra
6.550
04/01/55
13,959,966
9,475,000
(c),(g)
Sempra
6.375
04/01/56
9,583,129
13,860,000
(b),(c),(d)
Vistra
Corp
8.000
N/A
13,981,802
1,840,000
(b),(c),(d)
Vistra
Corp
7.000
N/A
1,845,374
17,331,000
(b),(c),(d)
Vistra
Corp
8.875
N/A
18,630,756
TOTAL
UTILITIES
217,887,681
TOTAL
CORPORATE
BONDS
(Cost
$4,184,174,289)
4,237,562,013
SHARES
DESCRIPTION
RATE
VALUE
394193853
PREFERRED
STOCK
-
13.3%
(8.3%
of
Total
Investments)
394193853
BANKS
-
3.0%
(1.9%
of
Total
Investments)
357,589
Fifth
Third
Bancorp
7.671
9,089,912
559,500
(k)
First
Horizon
Corp
6.750
14,015,475
871,568
KeyCorp
6.125
21,806,631
794,684
(h)
KeyCorp
6.200
20,018,090
191,550
KeyCorp
5.625
4,095,339
192,036
KeyCorp
5.650
4,126,854
35,902
Pinnacle
Financial
Partners,
Inc
8.397
940,632
574,902
Regions
Financial
Corp
5.700
14,280,566
TOTAL
BANKS
88,373,499
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.2%
(0.1%
of
Total
Investments)
85,181
ProLogis,
Inc
8.540
4,523,111
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
4,523,111
FINANCIAL
SERVICES
-
4.5%
(2.8%
of
Total
Investments)
644,550
Bank
of
New
York
Mellon
Corp
6.150
16,455,362
161,670
Capital
One
Financial
Corp
5.000
3,070,113
418,308
Equitable
Holdings,
Inc
5.250
8,269,949
102,771
Equitable
Holdings,
Inc
4.300
1,677,223
170,085
Morgan
Stanley
6.375
4,270,834
682,721
Morgan
Stanley
7.125
17,327,459
909,676
Morgan
Stanley
5.850
22,014,159
856,975
Morgan
Stanley
6.625
21,904,281
95,400
Morgan
Stanley
6.500
2,410,758
821,980
Morgan
Stanley
6.875
20,754,995
165,064
Synchrony
Financial
5.625
3,382,162
594,637
Voya
Financial,
Inc
5.350
14,253,449
TOTAL
FINANCIAL
SERVICES
135,790,744
FOOD,
BEVERAGE
&
TOBACCO
-
1.4%
(0.8%
of
Total
Investments)
179,570
CHS,
Inc
7.875
4,692,164
653,626
CHS,
Inc
7.100
16,543,274
770,646
CHS,
Inc
6.750
19,227,618
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
40,463,056
INSURANCE
-
3.6%
(2.3%
of
Total
Investments)
484,425
American
National
Group,
Inc
7.375
12,008,896
186,080
Aspen
Insurance
Holdings
Ltd
5.625
4,036,075
432,175
Aspen
Insurance
Holdings
Ltd
7.125
10,679,044
141,786
Assurant,
Inc
5.250
2,776,170
206,658
Athene
Holding
Ltd
7.750
5,280,112
965,505
Athene
Holding
Ltd
6.350
23,510,047
80,000
Axis
Capital
Holdings
Ltd
5.500
1,570,400
63,400
Delphi
Financial
Group,
Inc
7.104
1,572,320
1,152,441
Enstar
Group
Ltd
7.000
26,506,143
416,243
Reinsurance
Group
of
America,
Inc
5.750
10,505,973
271,619
Reinsurance
Group
of
America,
Inc
7.125
6,901,839
131,736
Selective
Insurance
Group,
Inc
4.600
2,189,452
TOTAL
INSURANCE
107,536,471
Portfolio
of
Investments
April
30,
2026
(continued)
JPC
6
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
SHARES
DESCRIPTION
RATE
VALUE
TELECOMMUNICATION
SERVICES
-
0.5%
(0.3%
of
Total
Investments)
735,814
(g)
AT&T,
Inc
4.750
%
$
13,803,871
TOTAL
TELECOMMUNICATION
SERVICES
13,803,871
UTILITIES
-
0.1%
(0.1%
of
Total
Investments)
154,489
NextEra
Energy
Capital
Holdings,
Inc
5.650
3,703,101
TOTAL
UTILITIES
3,703,101
TOTAL
PREFERRED
STOCK
(Cost
$406,635,237)
394,193,853
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
67127811
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
2.3%
(1.4%
of
Total
Investments)
67127811
$
9,251,000
(b)
CoBank
ACB
6.250
N/A
9,249,079
14,700,000
(b),(g)
CoBank
ACB
6.450
N/A
14,672,850
8,500,000
(b)
CoBank
ACB
7.250
N/A
8,575,669
17,078,000
(b)
CoBank
ACB
7.125
N/A
17,469,786
6,450,000
(b),(d)
Farm
Credit
Bank
of
Texas
6.200
N/A
6,369,375
10,567,000
(b)
Farm
Credit
Bank
of
Texas
7.000
N/A
10,791,052
TOTAL
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
(Cost
$66,888,999)
67,127,811
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$4,682,583,750)
4,720,269,124
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 0.7%(0.4%
of
Total
Investments)
21316461
REPURCHASE
AGREEMENTS
-
0.7%
(0.4%
of
Total
Investments)
21316461
1,141,461
(l)
Fixed
Income
Clearing
Corporation
1.060
05/01/26
1,141,461
20,175,000
(m)
Fixed
Income
Clearing
Corporation
3.600
05/01/26
20,175,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$21,316,461)
21,316,461
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$21,316,461)
21,316,461
TOTAL
INVESTMENTS
-
159.8%
(Cost
$4,703,900,211
)
4,741,585,585
BORROWINGS
-
(28.2)%
(n),(o)
(837,000,000)
REVERSE
REPURCHASE
AGREEMENTS,
INCLUDING
ACCRUED
INTEREST
-
(22.4)%(p)
(666,020,516)
TFP
SHARES,
NET
-
(14.1)%(q)
(418,861,721)
OTHER
ASSETS
&
LIABILITIES,
NET
-  4.9%
147,242,869
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
2,966,946,217
EUR
Euro
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
54.6%
of
Total
Investments.
(d)
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
$1,149,523,444
or
24.2%
of
Total
Investments.
(e)
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
33.7%
of
Total
Investments.
(f)
When-issued
or
delayed
delivery
security.
7
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted. 
Investments
in
Derivatives
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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
(g)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
reverse
repurchase
agreements.
As
of
the
end
of
the
fiscal
period,
investments
with
a
value
of
$972,696,584
have
been
pledged
as
collateral
for
reverse
repurchase
agreements.
(h)
Investment,
or
portion
of
investment,
is
hypothecated.
The
total
value
of
investments
hypothecated
as
of
the
end
of
the
fiscal
period
was
$805,542,433.
(i)
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.
(j)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(k)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(l)
Agreement
with
Fixed
Income
Clearing
Corporation,
1.060%
dated
4/30/26
to
be
repurchased
at
$1,141,495
on
5/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.000%
and
maturity
date
1/31/33,
valued
at
$1,164,404.
(m)
Agreement
with
Fixed
Income
Clearing
Corporation,
3.600%
dated
4/30/26
to
be
repurchased
at
$20,177,018
on
5/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.750%
and
maturity
date
2/15/56,
valued
at
$20,578,630.
(n)
Borrowings
as
a
percentage
of
Total
Investments
is
17.7%.
(o)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$1,671,377,009
have
been
pledged
as
collateral
for
borrowings.
(p)
Reverse
Repurchase
Agreements,
including
accrued
interest
as
a
percentage
of
Total
investments
is
14.0%.
(q)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
8.8%.
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S.
Treasury
10-Year
Note
1,364
6/26
$
154,581,607
$
150,849,875
$
(3,731,732)
U.S.
Treasury
Ultra
Bond
132
6/26
15,909,632
15,184,125
(725,507)
Total
$170,491,239
$166,034,000
$(4,457,239)
Forward
Foreign
Currency
Contracts
Currency
Purchased
Notional
Amount
(Local
Currency)
Currency
Sold
Notional
Amount
(Local
Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
7,996,802
EUR
6,791,162
Barclays
Bank
PLC
7/08/26
$
3,286
$
5,634,128
EUR
4,866,180
Barclays
Bank
PLC
7/08/26
$
(93,593)
$
7,099,983
EUR
6,025,728
JPMorgan
Chase
Bank,
N.A.
7/08/26
7,419
Total
        $(82,888)
Total
unrealized
appreciation
on
forward
foreign
currency
contracts
        $10,705
Total
unrealized
depreciation
on
forward
foreign
currency
contracts
        $(93,593)
EUR
Euro
Interest
Rate
Swaps
-
OTC
Uncleared
Counterparty
Fund
Pay/Receive
Floating
Rate
Floating
Rate
Index
Fixed
Rate
(Annualized)
Fixed
Rate
Payment
Frequency
Effective
Date
(a)
Optional
Termination
Date
Maturity
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Morgan
Stanley
Receive
SOFR
2.364%
Monthly
7/01/19
7/01/26
7/01/28
$
90,000,000
$
303,699
$
303,699
Morgan
Stanley
Receive
SOFR
2.364%
Monthly
7/01/19
7/01/26
7/01/28
48,000,000
161,973
161,972
Total
$
465,671
SOFR
Secured
Overnight
Financing
Rate
(a)
Effective
date
represents
the
date
on
which
both
the
Fund
and
counterparty
commence
interest
payment
accruals
on
each
contract.
Portfolio
of
Investments
April
30,
2026
(continued)
JPC
8
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).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
The
The
following
is
a
reconciliation
of
the
Fund’s
Level
3
investments
held
at
the
beginning
and
end
of
the
measurement
period:
The
valuation
techniques
and
significant
unobservable
inputs
used
in
recurring
Level
3
fair
value
measurements
of
assets
as
of
the
end
of
the
report-
ing
period,
were
as
follows:
JPC
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
4,476
$
–
$
–
$
4,476
Convertible
Preferred
Securities
21,380,971
–
–
21,380,971
Corporate
Bonds
–
4,206,932,433
30,629,580
4,237,562,013
Preferred
Stock
394,193,853
–
–
394,193,853
U.S.
Government
and
Agency
Obligations
–
67,127,811
–
67,127,811
Short-Term
Investments:
Repurchase
Agreements
–
21,316,461
–
21,316,461
Investments
in
Derivatives:
Forward
Foreign
Currency
Contracts*
–
(82,888)
–
(82,888)
Futures
Contracts*
(4,457,239)
–
–
(4,457,239)
Interest
Rate
Swaps*
–
465,671
–
465,671
Total
$
411,122,061
$
4,295,759,488
$
30,629,580
$
4,737,511,129
*
Represents
net
unrealized
appreciation
(depreciation).
Level
3
JPC
Corporate
Bonds
Balance
at
the
beginning
of
period
$
7,053,409
Gains
(losses):
-
Net
realized
gains
(losses)
-
Change
in
net
unrealized
appreciation
(depreciation)
(5,925,972)
Purchases
at
cost
29,502,143
Sales
at
proceeds
-
Net
discounts
(premiums)
-
Transfers
into
-
Transfers
(out
of)
-
Balance
at
the
end
of
period
$
30,629,580
Change
in
net
unrealized
appreciation
(depreciation)
during
the
period
of
Level
3
sec
urities
held
as
of
period
end
$
(5,925,972)
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
JPC
Corporate
Bonds
$30,629,580
Indicative
Quote
Broker
Quote
$34.00
N/A