| Asset-Backed Securities — 6.7% |
| Security | Principal Amount (000's omitted) | Value | |
| AGL CLO 19 Ltd., Series 2022-19A, Class D2R, 8.072%, (3 mo. SOFR + 4.40%), 7/21/38(1)(2) | $ | 1,000 | $ 980,336 |
| AIMCO CLO 11 Ltd., Series 2020-11A, Class D1R2, 6.63%, (3 mo. SOFR + 2.95%), 7/17/37(1)(2) | 3,000 | 3,008,262 | |
| Babson CLO Ltd., Series 2022-4A, Class D1R, 6.925%, (3 mo. SOFR + 3.25%), 10/20/37(1)(2) | 2,000 | 2,002,336 | |
| Benefit Street Partners CLO XII-B Ltd., Series 2017-12BRA, Class D1, 6.723%, (3 mo. SOFR + 3.05%), 10/15/37(1)(2) | 2,000 | 2,003,276 | |
| Benefit Street Partners CLO XV Ltd., Series 2018-15A, Class D2R, 8.173%, (3 mo. SOFR + 4.50%), 7/15/37(1)(2) | 1,000 | 993,679 | |
| Benefit Street Partners CLO XVIII Ltd., Series 2019-18A, Class ER2, 8.372%, (3 mo. SOFR + 4.70%), 10/15/38(1)(2) | 4,500 | 4,446,355 | |
| Benefit Street Partners CLO XXII Ltd., Series 2020-22A, Class ERR, 8.575%, (3 mo. SOFR + 4.90%), 4/20/35(1)(2) | 2,000 | 1,984,846 | |
| Benefit Street Partners CLO XXXII Ltd., Series 2023-32A, Class ER, 8.367%, (3 mo. SOFR + 4.70%), 10/25/38(1)(2) | 2,000 | 1,970,964 | |
| BlueMountain CLO Ltd.: | |||
| Series 2016-3A, Class ER, 9.863%, (3 mo. SOFR + 6.212%), 11/15/30(1)(2) | 2,000 | 1,391,986 | |
| Series 2018-1A, Class E, 9.875%, (3 mo. SOFR + 6.212%), 7/30/30(1)(2) | 1,000 | 539,577 | |
| BlueMountain CLO XXIV Ltd., Series 2019-24A, Class ER, 10.777%, (3 mo. SOFR + 7.102%), 4/20/34(1)(2) | 1,000 | 911,548 | |
| BlueMountain CLO XXVI Ltd., Series 2019-26A, Class ER, 11.067%, (3 mo. SOFR + 7.392%), 10/20/34(1)(2) | 2,500 | 2,430,625 | |
| BlueMountain CLO XXX Ltd., Series 2020-30A, Class ER, 10.373%, (3 mo. SOFR + 6.70%), 4/15/35(1)(2) | 2,000 | 1,857,670 | |
| BlueMountain CLO XXXIV Ltd., Series 2022-34A, Class E, 11.225%, (3 mo. SOFR + 7.55%), 4/20/35(1)(2) | 1,000 | 938,544 | |
| Canyon Capital CLO Ltd., Series 2016-2A, Class ER, 9.935%, (3 mo. SOFR + 6.262%), 10/15/31(1)(2) | 3,350 | 2,232,648 | |
| Dryden 41 Senior Loan Fund, Series 2015-41A, Class ER, 9.235%, (3 mo. SOFR + 5.562%), 4/15/31(1)(2) | 2,000 | 1,985,926 | |
| Dryden 42 Senior Loan Fund, Series 2016-42A, Class ERR, 10.173%, (3 mo. SOFR + 6.50%), 7/15/37(1)(2) | 1,000 | 964,116 | |
| Elmwood CLO 14 Ltd., Series 2022-1A, Class ER, 9.175%, (3 mo. SOFR + 5.50%), 10/20/38(1)(2) | 1,000 | 1,004,908 | |
| Elmwood CLO 32 Ltd., Series 2024-8A, Class D1, 6.525%, (3 mo. SOFR + 2.85%), 10/18/37(1)(2) | 3,000 | 3,007,746 | |
| Security | Principal Amount (000's omitted) | Value | |
| Elmwood CLO VI Ltd., Series 2020-3A, Class D2RR, 8.025%, (3 mo. SOFR + 4.35%), 7/18/37(1)(2) | $ | 1,000 | $ 986,376 |
| Galaxy 33 CLO Ltd., Series 2024-33A, Class D1, 7.225%, (3 mo. SOFR + 3.55%), 4/20/37(1)(2) | 2,000 | 2,006,148 | |
| Harvest U.S. CLO Ltd., Series 2024-2A, Class D1, 6.923%, (3 mo. SOFR + 3.25%), 10/15/37(1)(2) | 3,000 | 3,005,190 | |
| Invesco U.S. CLO Ltd., Series 2023-4A, Class D1R, 6.525%, (3 mo. SOFR + 2.85%), 1/18/39(1)(2) | 4,000 | 3,996,900 | |
| Madison Park Funding LV Ltd., Series 2022-55A, Class D1R, 6.825%, (3 mo. SOFR + 3.15%), 7/18/37(1)(2) | 3,000 | 2,912,223 | |
| Madison Park Funding XXXVI Ltd., Series 2019-36A, Class ERR, 9.273%, (3 mo. SOFR + 5.60%), 4/15/35(1)(2) | 3,000 | 2,555,631 | |
| Madison Park Funding XXXVII Ltd., Series 2019-37A, Class ER2, 10.273%, (3 mo. SOFR + 6.60%), 4/15/37(1)(2) | 3,500 | 3,150,325 | |
| Magnetite XXII Ltd.: | |||
| Series 2019-22A, Class DJ, 7.823%, (3 mo. SOFR + 4.15%), 7/15/36(1)(2) | 1,000 | 1,000,954 | |
| Series 2019-22A, Class DRR, 6.573%, (3 mo. SOFR + 2.90%), 7/15/36(1)(2) | 3,000 | 3,003,588 | |
| Neuberger Berman Loan Advisers CLO 30 Ltd., Series 2018-30A, Class D1R2, 6.475%, (3 mo. SOFR + 2.80%), 1/20/39(1)(2) | 2,500 | 2,502,780 | |
| Neuberger Berman Loan Advisers CLO 48 Ltd., Series 2022-48A, Class ER, 8.567%, (3 mo. SOFR + 4.90%), 4/25/36(1)(2) | 2,000 | 1,960,850 | |
| Oaktree CLO Ltd., Series 2019-4A, Class D2RR, 8.375%, (3 mo. SOFR + 4.70%), 7/20/37(1)(2) | 2,000 | 2,000,100 | |
| OCP CLO Ltd., Series 2022-24A, Class D2R, 8.075%, (3 mo. SOFR + 4.40%), 10/20/37(1)(2) | 1,500 | 1,492,076 | |
| Palmer Square CLO Ltd.: | |||
| Series 2018-1A, Class CR, 7.575%, (3 mo. SOFR + 3.90%), 4/18/37(1)(2) | 3,000 | 2,970,891 | |
| Series 2019-1A, Class ER2, 8.546%, (3 mo. SOFR + 4.90%), 8/14/38(1)(2) | 2,000 | 1,938,436 | |
| Sixth Street CLO XXI Ltd., Series 2022-21A, Class D1R, 6.672%, (3 mo. SOFR + 3.00%), 10/21/37(1)(2) | 2,000 | 2,004,010 | |
| Voya CLO Ltd., Series 2024-2A, Class D, 6.875%, (3 mo. SOFR + 3.20%), 7/20/37(1)(2) | 2,000 | 2,005,148 | |
| Windhill CLO 5 Ltd., 13.00%, 10/22/35(3) | 5,170 | 5,269,008 | |
| Total Asset-Backed Securities (identified cost $82,942,795) | $ 79,415,982 | ||
| Closed-End Funds — 1.6% |
| Security | Shares | Value | |
| BlackRock Corporate High Yield Fund, Inc. | 2,188,579 | $ 18,734,236 | |
| Total Closed-End Funds (identified cost $26,062,179) | $ 18,734,236 | ||
| Collateralized Mortgage Obligations — 35.3% |
| Security | Principal Amount (000's omitted) | Value | |
| Cascade MH Asset Trust, Series 2022-MH1, Class A, 4.25% to 7/25/27, 8/25/54(1)(4) | $ | 2,316 | $ 2,273,757 |
| Champs Trust: | |||
| Series 2024-1, Class A, 11.105%, 7/25/59(1)(3) | 5,411 | 5,540,805 | |
| Series 2024-2, Class A, 7.997%, 11/25/59(1)(3) | 5,681 | 5,855,135 | |
| Series 2025-1, Class A, 9.00%, 4/25/60(1)(3) | 8,232 | 8,527,253 | |
| Federal Home Loan Mortgage Corp.: | |||
| Series 2113, Class QG, 6.00%, 1/15/29 | 41 | 41,742 | |
| Series 2122, Class K, 6.00%, 2/15/29 | 6 | 6,390 | |
| Series 2130, Class K, 6.00%, 3/15/29 | 4 | 4,329 | |
| Series 2167, Class BZ, 7.00%, 6/15/29 | 1 | 1,126 | |
| Series 2182, Class ZB, 8.00%, 9/15/29 | 32 | 33,041 | |
| Series 2198, Class ZA, 8.50%, 11/15/29 | 11 | 11,270 | |
| Series 2458, Class ZB, 7.00%, 6/15/32 | 168 | 174,990 | |
| Series 3762, Class SH, 2.586%, (9.771% - 30-day SOFR Average x 2.00), 11/15/40(5) | 302 | 262,500 | |
| Series 4273, Class SP, 2.115%, (11.695% - 30-day SOFR Average x 2.667), 11/15/43(5) | 503 | 402,441 | |
| Series 4678, Class PC, 3.00%, 1/15/46 | 1,614 | 1,532,079 | |
| Series 5083, Class SK, 0.00%, (3.867% - 30-day SOFR Average x 1.333, Floor 0.00%), 3/25/51(5) | 2,047 | 879,755 | |
| Series 5327, Class B, 6.00%, 8/25/53 | 5,000 | 5,172,152 | |
| Series 5353, Class AZ, 6.50%, 11/25/53 | 2,377 | 2,531,078 | |
| Series 5410, Class KY, 6.00%, 5/25/54(6) | 36,000 | 37,472,227 | |
| Series 5428, Class Z, 6.00%, 7/25/54 | 4,509 | 4,671,570 | |
| Series 5429, Class DZ, 6.00%, 7/25/54 | 3,381 | 3,503,174 | |
| Series 5453, Class DZ, 5.50%, 9/25/54 | 5,529 | 5,654,972 | |
| Series 5478, Class SG, 7.529%, (15.51% - 30-day SOFR Average x 2.20), 12/25/54(5) | 6,791 | 6,692,184 | |
| Series 5500, Class SC, 10.117%, (21.00% - 30-day SOFR Average x 3.00), 10/25/54(5) | 5,031 | 5,364,350 | |
| Series 5508, Class AS, 10.117%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 4,920 | 5,270,165 | |
| Series 5508, Class DS, 10.117%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 3,467 | 3,734,305 | |
| Series 5508, Class SC, 10.117%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 7,273 | 7,788,979 | |
| Series 5513, Class MQ, 7.578%, (30-day SOFR Average + 3.95%), 6/25/54(2) | 6,364 | 6,466,542 | |
| Series 5516, Class HZ, 6.00%, 3/25/55 | 10,831 | 11,396,323 | |
| Security | Principal Amount (000's omitted) | Value | |
| Federal Home Loan Mortgage Corp.: (continued) | |||
| Series 5535, Class MB, 7.678%, (30-day SOFR Average + 4.05%), 5/25/55(2) | $ | 2,498 | $ 2,565,594 |
| Series 5563, Class TB, 8.25%, (21.15% - 30-day SOFR Average x 3.00), 6/25/55(5)(6) | 14,608 | 14,970,872 | |
| Series 5563, Class TV, 8.16%, (21.06% - 30-day SOFR Average x 3.00), 8/25/55(5) | 4,350 | 4,466,177 | |
| Series 5575, Class TA, 8.25%, (21.15% - 30-day SOFR Average x 3.00), 9/25/55(5)(6) | 9,114 | 9,381,173 | |
| Series 5592, Class TE, 7.20%, (21.30% - 30-day SOFR Average x 3.00), 10/25/55(5) | 1,776 | 1,811,311 | |
| Series 5604, Class SQ, 10.572%, (30.525% - 30-day SOFR Average x 5.50), 12/25/55(5) | 4,616 | 4,744,217 | |
| Series 5644, Class SE, 9.248%, (22.55% - 30-day SOFR Average x 3.667), 4/25/56(5) | 4,811 | 5,006,601 | |
| Series 5662, Class SA, 8.079%, (16.06% - 30-day SOFR Average x 2.20), 5/25/56(5) | 3,943 | 4,073,492 | |
| Interest Only:(7) | |||
| Series 284, Class S6, 2.393%, (5.986% - 30-day SOFR Average), 10/15/42(5) | 775 | 69,869 | |
| Series 362, Class C7, 3.50%, 9/15/47 | 3,364 | 639,518 | |
| Series 362, Class C11, 4.00%, 12/15/47 | 3,085 | 651,749 | |
| Series 4067, Class JI, 3.50%, 6/15/27 | 56 | 632 | |
| Series 4070, Class S, 2.393%, (5.986% - 30-day SOFR Average), 6/15/32(5) | 1,276 | 55,369 | |
| Series 4094, Class CS, 2.293%, (5.886% - 30-day SOFR Average), 8/15/42(5) | 342 | 30,412 | |
| Series 4095, Class HS, 2.393%, (5.986% - 30-day SOFR Average), 7/15/32(5) | 158 | 3,476 | |
| Series 4109, Class ES, 2.443%, (6.036% - 30-day SOFR Average), 12/15/41(5) | 81 | 7,717 | |
| Series 4110, Class SA, 1.943%, (5.536% - 30-day SOFR Average), 9/15/42(5) | 1,205 | 54,198 | |
| Series 4149, Class S, 2.543%, (6.136% - 30-day SOFR Average), 1/15/33(5) | 679 | 32,050 | |
| Series 4188, Class AI, 3.50%, 4/15/28 | 15 | 99 | |
| Series 4203, Class QS, 2.543%, (6.136% - 30-day SOFR Average), 5/15/43(5) | 1,506 | 87,565 | |
| Series 4408, Class IP, 3.50%, 4/15/44 | 1,100 | 122,740 | |
| Series 4435, Class BI, 3.50%, 7/15/44 | 1,993 | 250,438 | |
| Series 4629, Class QI, 3.50%, 11/15/46 | 882 | 152,689 | |
| Series 4644, Class TI, 3.50%, 1/15/45 | 876 | 105,395 | |
| Series 4744, Class IO, 4.00%, 11/15/47 | 1,610 | 324,866 | |
| Series 4749, Class IL, 4.00%, 12/15/47 | 713 | 144,505 | |
| Series 4793, Class SD, 2.493%, (6.086% - 30-day SOFR Average), 6/15/48(5) | 3,387 | 351,783 | |
| Series 4966, Class SY, 2.308%, (5.936% - 30-day SOFR Average), 4/25/50(5) | 8,841 | 999,996 | |
| Principal Only:(8) | |||
| Series 242, Class PO, 0.00%, 11/15/36 | 1,258 | 1,045,887 | |
| Series 259, Class PO, 0.00%, 4/15/39 | 820 | 654,801 | |
| Series 3606, Class PO, 0.00%, 12/15/39 | 764 | 605,213 | |
| Security | Principal Amount (000's omitted) | Value | |
| Principal Only: (continued) | |||
| Series 4417, Class KO, 0.00%, 12/15/43 | $ | 171 | $ 122,352 |
| Series 4478, Class PO, 0.00%, 5/15/45 | 445 | 327,242 | |
| Federal National Mortgage Association: | |||
| Series 1996-57, Class Z, 7.00%, 12/25/26 | 0(9) | 48 | |
| Series 1997-77, Class Z, 7.00%, 11/18/27 | 10 | 10,454 | |
| Series 1998-44, Class ZA, 6.50%, 7/20/28 | 17 | 17,647 | |
| Series 1999-45, Class ZG, 6.50%, 9/25/29 | 6 | 5,667 | |
| Series 2000-22, Class PN, 6.00%, 7/25/30 | 103 | 104,260 | |
| Series 2002-21, Class PE, 6.50%, 4/25/32 | 94 | 97,131 | |
| Series 2005-75, Class CS, 9.231%, (23.742% - 30-day SOFR Average x 4.00), 9/25/35(5) | 355 | 385,618 | |
| Series 2007-74, Class AC, 5.00%, 8/25/37 | 1,225 | 1,232,351 | |
| Series 2011-49, Class NT, 6.00%, (64.855% - 30-day SOFR Average x 10.00, Cap 6.00%), 6/25/41(5) | 147 | 143,766 | |
| Series 2012-134, Class ZT, 2.00%, 12/25/42 | 1,146 | 828,827 | |
| Series 2013-6, Class TA, 1.50%, 1/25/43 | 678 | 610,026 | |
| Series 2017-15, Class LE, 3.00%, 6/25/46 | 230 | 227,079 | |
| Series 2017-48, Class LG, 2.75%, 5/25/47 | 1,117 | 1,003,321 | |
| Series 2019-29, Class WC, 2.473%, 6/25/48(3)(10) | 719 | 0 | |
| Series 2024-90, Class ES, 7.639%, (15.62% - 30-day SOFR Average x 2.20), 10/25/54(5)(6) | 9,651 | 10,029,237 | |
| Series 2024-98, Class J, 0.125%, 12/25/53 | 13,062 | 10,778,857 | |
| Series 2025-85, Class TH, 7.20%, (21.30% - 30-day SOFR Average x 3.00), 10/25/55(5) | 4,402 | 4,482,587 | |
| Series 2025-85, Class TN, 6.60%, (36.60% - 30-day SOFR Average x 6.00), 10/25/55(5) | 5,336 | 5,250,296 | |
| Interest Only:(7) | |||
| Series 2011-101, Class IC, 3.50%, 10/25/26 | 0(9) | 0 | |
| Series 2012-118, Class IN, 3.50%, 11/25/42 | 2,172 | 390,521 | |
| Series 2012-124, Class IO, 1.612%, 11/25/42(3) | 723 | 28,719 | |
| Series 2012-125, Class IG, 3.50%, 11/25/42 | 6,780 | 1,104,915 | |
| Series 2012-150, Class SK, 2.408%, (6.036% - 30-day SOFR Average), 1/25/43(5) | 1,283 | 122,629 | |
| Series 2013-12, Class SP, 1.908%, (5.536% - 30-day SOFR Average), 11/25/41(5) | 68 | 471 | |
| Series 2013-15, Class DS, 2.458%, (6.086% - 30-day SOFR Average), 3/25/33(5) | 1,719 | 83,165 | |
| Series 2013-16, Class SY, 2.408%, (6.036% - 30-day SOFR Average), 3/25/43(5) | 707 | 67,781 | |
| Series 2013-64, Class PS, 2.508%, (6.136% - 30-day SOFR Average), 4/25/43(5) | 759 | 47,271 | |
| Series 2013-75, Class SC, 2.508%, (6.136% - 30-day SOFR Average), 7/25/42(5) | 462 | 5,961 | |
| Series 2014-32, Class EI, 4.00%, 6/25/44 | 271 | 48,460 | |
| Series 2014-55, Class IN, 3.50%, 7/25/44 | 517 | 92,810 | |
| Series 2014-89, Class IO, 3.50%, 1/25/45 | 654 | 119,865 | |
| Series 2015-52, Class MI, 3.50%, 7/25/45 | 573 | 104,033 | |
| Series 2018-21, Class IO, 3.00%, 4/25/48 | 2,939 | 470,310 | |
| Security | Principal Amount (000's omitted) | Value | |
| Interest Only: (continued) | |||
| Series 2019-1, Class AS, 2.258%, (5.886% - 30-day SOFR Average), 2/25/49(5) | $ | 4,981 | $ 344,678 |
| Series 2019-33, Class SK, 2.308%, (5.936% - 30-day SOFR Average), 7/25/49(5) | 2,977 | 269,224 | |
| Series 2020-23, Class SP, 2.308%, (5.936% - 30-day SOFR Average), 2/25/50(5) | 2,841 | 324,127 | |
| Series 2026-54, Class SB, 1.857%, (5.45% - 30-day SOFR Average), 7/25/56(5) | 20,000 | 957,096 | |
| Principal Only:(8) | |||
| Series 379, Class 1, 0.00%, 5/25/37 | 759 | 628,060 | |
| Series 2006-8, Class WQ, 0.00%, 3/25/36 | 1,116 | 934,180 | |
| Government National Mortgage Association: | |||
| Series 2022-189, Class US, 9.501%, (22.733% - 30-day SOFR Average x 3.667), 11/20/52(5) | 2,922 | 3,103,923 | |
| Series 2023-63, Class S, 9.318%, (22.55% - 30-day SOFR Average x 3.667), 5/20/53(5) | 2,336 | 2,435,236 | |
| Series 2023-65, Class SD, 9.318%, (22.55% - 30-day SOFR Average x 3.667), 5/20/53(5) | 3,611 | 3,788,151 | |
| Series 2023-96, Class BL, 6.00%, 7/20/53 | 4,326 | 4,506,164 | |
| Series 2023-96, Class DB, 6.00%, 7/20/53 | 2,500 | 2,604,784 | |
| Series 2023-97, Class CB, 6.00%, 7/20/53(6) | 9,655 | 9,974,277 | |
| Series 2023-99, Class AL, 6.00%, 7/20/53 | 2,500 | 2,604,675 | |
| Series 2023-102, Class SG, 9.098%, (22.546% - 30-day SOFR Average x 3.727), 7/20/53(5) | 4,115 | 4,262,510 | |
| Series 2023-115, Class AL, 6.00%, 8/20/53(6) | 8,500 | 8,846,847 | |
| Series 2023-116, Class CY, 6.00%, 8/20/53 | 5,000 | 5,207,001 | |
| Series 2023-133, Class S, 10.774%, (21.60% - 30-day SOFR Average x 3.00), 9/20/53(5) | 1,950 | 2,135,395 | |
| Series 2023-149, Class S, 10.624%, (21.45% - 30-day SOFR Average x 3.00), 10/20/53(5) | 1,992 | 2,170,406 | |
| Series 2023-150, Class AS, 13.634%, (27.528% - 30-day SOFR Average x 3.85), 10/20/53(5) | 993 | 1,139,727 | |
| Series 2023-153, Class SM, 13.565%, (28.00% - 30-day SOFR Average x 4.00), 10/20/53(5) | 1,254 | 1,429,433 | |
| Series 2023-164, Class EL, 6.00%, 11/20/53 | 6,000 | 6,228,109 | |
| Series 2023-165, Class DY, 6.00%, 11/20/53(6) | 11,539 | 11,892,831 | |
| Series 2023-165, Class EY, 6.50%, 11/20/53(6) | 30,000 | 31,531,465 | |
| Series 2023-173, Class AX, 6.00%, 11/20/53 | 6,000 | 6,228,145 | |
| Series 2023-181, Class CL, 6.50%, 11/20/53 | 2,000 | 2,144,441 | |
| Series 2023-182, Class EL, 6.00%, 12/20/53 | 3,000 | 3,108,544 | |
| Series 2025-90, Class MB, 7.909%, (30-day SOFR Average + 4.30%), 5/20/55(2) | 2,824 | 2,903,531 | |
| Series 2025-114, Class GT, 8.40%, (21.30% - 30-day SOFR Average x 3.00), 7/20/55(5) | 3,210 | 3,332,309 | |
| Series 2025-115, Class F, 8.40%, (21.30% - 30-day SOFR Average x 3.00), 7/20/55(5) | 3,206 | 3,330,272 | |
| Series 2025-139, Class MT, 6.909%, (30-day SOFR Average + 3.30%), 4/20/55(2) | 4,078 | 4,217,272 | |
| Series 2025-205, Class SP, 10.127%, (29.975% - 30-day SOFR Average x 5.50), 11/20/55(5) | 5,876 | 6,133,985 | |
| Security | Principal Amount (000's omitted) | Value | |
| Government National Mortgage Association: (continued) | |||
| Series 2026-5, Class QS, 10.402%, (30.25% - 30-day SOFR Average x 5.50), 1/20/56(5)(6) | $ | 12,786 | $ 13,548,406 |
| Series 2026-28, Class PS, 10.402%, (30.25% - 30-day SOFR Average x 5.50), 2/20/56(5) | 4,931 | 5,112,632 | |
| Series 2026-63, Class SW, 9.32%, (21.95% - 30-day SOFR Average x 3.50), 4/20/56(5) | 3,978 | 4,173,362 | |
| Interest Only:(7) | |||
| Series 2017-104, Class SD, 2.447%, (6.086% - 1 mo. SOFR), 7/20/47(5) | 1,764 | 194,780 | |
| Series 2020-151, Class AI, 2.00%, 10/20/50 | 9,571 | 1,202,807 | |
| Series 2020-154, Class PI, 2.50%, 10/20/50 | 8,646 | 1,308,759 | |
| Series 2020-176, Class HI, 2.50%, 11/20/50 | 10,067 | 1,536,188 | |
| Series 2021-131, Class QI, 3.00%, 7/20/51 | 7,077 | 903,605 | |
| Series 2021-193, Class IU, 3.00%, 11/20/49 | 15,675 | 2,225,757 | |
| Series 2021-209, Class IW, 3.00%, 11/20/51 | 10,129 | 1,343,390 | |
| JPM Lending Facility, 9.917%, (SOFR + 7.00%), 7/15/29(2) | 8,250 | 8,256,889 | |
| LoanDepot FAMSR Master Trust, Series 2025-FT1, Class A, 6.398%, (1 mo. SOFR + 2.75%), 12/19/30(1)(2) | 13,000 | 13,069,423 | |
| Total Collateralized Mortgage Obligations (identified cost $436,966,139) | $ 414,611,511 | ||
| Commercial Mortgage-Backed Securities — 9.6% |
| Security | Principal Amount (000's omitted) | Value | |
| BAMLL Commercial Mortgage Securities Trust: | |||
| Series 2019-BPR, Class ENM, 3.843%, 11/5/32(1)(3) | $ | 910 | $ 839,742 |
| Series 2019-BPR, Class FNM, 3.843%, 11/5/32(1)(3) | 3,505 | 3,166,196 | |
| BBCMS Mortgage Trust, Series 2017-C1, Class D, 3.71%, 2/15/50(1)(3) | 2,200 | 1,663,219 | |
| CFCRE Commercial Mortgage Trust, Series 2016-C3, Class D, 3.052%, 1/10/48(1)(3) | 649 | 629,942 | |
| CHI Commercial Mortgage Trust: | |||
| Series 2025-110W, Class E, 7.413%, 12/13/40(1)(3) | 17,370 | 17,062,240 | |
| Series 2025-110W, Class ELP, 0.00%, 12/13/40(1)(3)(10) | 0(9) | 0 | |
| Series 2025-110W, Class HRR, 10.238%, 12/13/40(1)(3) | 10,500 | 10,265,628 | |
| COMM Mortgage Trust, Series 2013-CR11, Class D, 4.60%, 8/10/50(1)(3) | 5,289 | 5,147,819 | |
| CSMC Trust: | |||
| Series 2016-NXSR, Class C, 4.542%, 12/15/49(3) | 2,770 | 2,690,953 | |
| Security | Principal Amount (000's omitted) | Value | |
| CSMC Trust: (continued) | |||
| Series 2016-NXSR, Class D, 4.542%, 12/15/49(1)(3) | $ | 3,000 | $ 2,753,514 |
| Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class G, 9.275%, (1 mo. SOFR + 5.65%), 12/15/39(1)(2) | 5,000 | 5,079,099 | |
| GSAT Trust: | |||
| Series 2025-BMF, Class ELP, 0.00%, 7/15/40(1)(3)(10) | 330,000 | 0 | |
| Series 2025-BMF, Class G, 8.925%, (1 mo. SOFR + 5.30%), 7/15/40(1)(2) | 8,900 | 8,936,066 | |
| Series 2025-BMF, Class HRR, 9.465%, (1 mo. SOFR + 5.84%), 7/15/40(1)(2)(11) | 16,500 | 16,566,909 | |
| JPMBB Commercial Mortgage Securities Trust: | |||
| Series 2014-C22, Class D, 5.512%, 9/15/47(1)(3) | 1,376 | 925,319 | |
| Series 2014-C23, Class D, 4.173%, 9/15/47(1)(3) | 3,488 | 3,240,368 | |
| JPMorgan Chase Commercial Mortgage Securities Trust: | |||
| Series 2013-C13, Class D, 4.116%, 1/15/46(1)(3) | 101 | 98,481 | |
| Series 2014-DSTY, Class B, 3.771%, 6/10/27(1) | 2,600 | 95,550 | |
| Morgan Stanley Bank of America Merrill Lynch Trust: | |||
| Series 2016-C29, Class D, 3.00%, 5/15/49(1)(12) | 3,577 | 3,131,448 | |
| Series 2016-C32, Class D, 3.396%, 12/15/49(1)(3)(12) | 1,600 | 1,445,807 | |
| Morgan Stanley Capital I Trust, Series 2016-UBS12, Class D, 3.312%, 12/15/49(1)(12) | 4,489 | 2,763,262 | |
| ROCK Trust, Series 2024-CNTR, Class E, 8.819%, 11/13/41(1) | 3,000 | 3,135,289 | |
| SPGN Trust: | |||
| Series 2026-TFLM, Class E, 7.375%, (1 mo. SOFR + 3.75%), 2/15/41(1)(2) | 9,730 | 9,773,542 | |
| Series 2026-TFLM, Class HRR, 9.275%, (1 mo. SOFR + 5.65%), 2/15/41(1)(2) | 5,000 | 5,012,539 | |
| UBS-Barclays Commercial Mortgage Trust, Series 2013-C6, Class D, 4.021%, 4/10/46(1)(3) | 3,764 | 3,512,191 | |
| Wells Fargo Commercial Mortgage Trust: | |||
| Series 2015-C31, Class D, 3.852%, 11/15/48 | 2,475 | 2,252,182 | |
| Series 2016-C35, Class D, 3.142%, 7/15/48(1) | 1,850 | 1,779,509 | |
| Series 2016-C36, Class D, 2.942%, 11/15/59(1) | 1,500 | 1,116,612 | |
| Total Commercial Mortgage-Backed Securities (identified cost $116,523,904) | $ 113,083,426 | ||
| Common Stocks — 0.8% |
| Security | Shares | Value | |
| Commercial Services & Supplies — 0.0%† | |||
| Monitronics International, Inc.(13)(14) | 26,092 | $ 234,019 | |
| $ 234,019 | |||
| Security | Shares | Value | |
| Containers and Glass Products — 0.0%† | |||
| LG Parent Holding Co.(13)(14) | 166,175 | $ 180,051 | |
| $ 180,051 | |||
| Diversified Financial Services — 0.0% | |||
| Sprint IntermediateCo BV(10)(13)(14) | 6,079 | $ 0 | |
| Sprint IntermediateCo BV(10)(13)(14) | 16,949 | 0 | |
| $ 0 | |||
| Electronic Equipment, Instruments & Components — 0.1% | |||
| Luxco Co. Ltd.(13)(14) | 4,776 | $ 95,392 | |
| Range Red Acquisitions LLC, Class A1(10)(13)(14) | 516 | 710,898 | |
| $ 806,290 | |||
| Electronics/Electrical — 0.0%† | |||
| Skillsoft Corp.(13)(14) | 7,153 | $ 37,053 | |
| $ 37,053 | |||
| Energy — 0.0%† | |||
| Enviva LLC(13)(14)(15) | 33,067 | $ 646,460 | |
| $ 646,460 | |||
| Health Care — 0.2% | |||
| Envision Parent, Inc.(13)(14) | 146,518 | $ 2,747,212 | |
| $ 2,747,212 | |||
| Household Durables — 0.2% | |||
| Serta Simmons Bedding, Inc.(13)(14) | 246,099 | $ 2,122,604 | |
| Serta SSB Equipment Co.(10)(13)(14) | 246,099 | 0 | |
| $ 2,122,604 | |||
| Investment Companies — 0.0% | |||
| Aegletes BV(10)(13)(14) | 11,215 | $ 0 | |
| $ 0 | |||
| Machinery — 0.0% | |||
| Apex Tool Ultimate Holdings LLC(10)(13)(14) | 18,422 | $ 0 | |
| $ 0 | |||
| Oil and Gas — 0.0% | |||
| AFG Holdings, Inc.(10)(13)(14) | 29,751 | $ 0 | |
| $ 0 | |||
| Pharmaceuticals — 0.3% | |||
| Mallinckrodt International Finance SA(13)(14) | 31,584 | $ 3,105,765 | |
| Security | Shares | Value | |
| Pharmaceuticals (continued) | |||
| Mallinckrodt PLC(13) | 280 | $ 27,533 | |
| Par Health, Inc.(13)(14) | 31,864 | 220,069 | |
| $ 3,353,367 | |||
| Retailers (Except Food and Drug) — 0.0% | |||
| Phillips Pet Holding Corp.(10)(13)(14) | 582 | $ 0 | |
| $ 0 | |||
| Software and Services — 0.0% | |||
| Blackboard LLC(10)(13)(14) | 13,024 | $ 0 | |
| $ 0 | |||
| Telecommunications — 0.0% | |||
| Anuvu(10)(13)(14) | 37,259 | $ 0 | |
| $ 0 | |||
| Total Common Stocks (identified cost $12,253,885) | $ 10,127,056 | ||
| Convertible Bonds — 0.4% |
| Security | Principal Amount* (000's omitted) | Value | |
| Chemicals — 0.0%† | |||
| SGL Carbon SE, 5.75%, 6/28/28(16) | EUR | 200 | $ 231,165 |
| $ 231,165 | |||
| Computers — 0.1% | |||
| Zscaler, Inc., 0.00%, 7/15/28(1) | 1,575 | $ 1,456,875 | |
| $ 1,456,875 | |||
| Engineering & Construction — 0.1% | |||
| Cellnex Telecom SA, 2.125%, 8/11/30(16) | EUR | 500 | $ 609,753 |
| $ 609,753 | |||
| Internet Software & Services — 0.0%† | |||
| Delivery Hero SE, 3.25%, 2/21/30(16) | EUR | 200 | $ 234,915 |
| $ 234,915 | |||
| Real Estate Investment Trusts (REITs) — 0.2% | |||
| Pebblebrook Hotel Trust, 1.75%, 12/15/26 | 1,800 | $ 1,787,580 | |
| $ 1,787,580 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Transportation — 0.0%† | |||
| Ocado Group PLC, 6.25%, 8/6/29(16) | 200 | $ 252,982 | |
| $ 252,982 | |||
| Total Convertible Bonds (identified cost $4,554,321) | $ 4,573,270 | ||
| Convertible Preferred Stocks — 0.3% |
| Security | Shares | Value | |
| Trading Companies & Distributors — 0.3% | |||
| QXO, Inc., 4.75%(10)(13)(15) | 414 | $ 3,488,117 | |
| Total Convertible Preferred Stocks (identified cost $4,140,182) | $ 3,488,117 | ||
| Corporate Bonds — 47.8% |
| Security | Principal Amount* (000's omitted) | Value | |
| Aerospace and Defense — 0.7% | |||
| Bombardier, Inc.: | |||
| 7.00%, 6/1/32(1) | 710 | $ 736,387 | |
| 7.25%, 7/1/31(1) | 1,000 | 1,047,573 | |
| Czechoslovak Group AS: | |||
| 5.25%, 1/10/31(1) | EUR | 150 | 175,043 |
| 5.25%, 1/10/31(16) | EUR | 250 | 291,738 |
| Moog, Inc., 5.50%, 10/15/34(1) | 760 | 750,327 | |
| TransDigm, Inc.: | |||
| 4.875%, 5/1/29 | 1,764 | 1,739,471 | |
| 6.25%, 1/31/34(1) | 365 | 372,744 | |
| 6.375%, 3/1/29(1) | 650 | 660,745 | |
| 6.625%, 3/1/32(1) | 1,045 | 1,073,080 | |
| 6.75%, 1/31/34(1) | 1,455 | 1,493,447 | |
| $ 8,340,555 | |||
| Airlines — 0.2% | |||
| VistaJet Malta Finance PLC/Vista Management Holding, Inc.: | |||
| 6.375%, 2/1/30(1) | 1,120 | $ 1,066,815 | |
| 9.50%, 6/1/28(1) | 954 | 966,663 | |
| $ 2,033,478 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Apparel & Luxury Goods — 1.0% | |||
| Beach Acquisition Bidco LLC: | |||
| 5.25%, 7/15/32(1) | EUR | 330 | $ 384,527 |
| 5.25%, 7/15/32(16) | EUR | 200 | 233,047 |
| 10.00%, (10.00% cash or 10.75% PIK), 7/15/33(1)(17) | 7,801 | 8,861,258 | |
| Champ Acquisition Corp., 8.375%, 12/1/31(1) | 1,366 | 1,432,780 | |
| Gg12 SpA, 6.25%, 4/28/33(16) | EUR | 130 | 152,297 |
| VF Corp., 0.25%, 2/25/28 | EUR | 478 | 517,272 |
| $ 11,581,181 | |||
| Auto Components — 0.0%† | |||
| Realtruck Group, Inc., 6.25%, 7/31/31(1) | 1,956 | $ 390,944 | |
| $ 390,944 | |||
| Automotive — 1.3% | |||
| Asbury Automotive Group, Inc.: | |||
| 4.625%, 11/15/29(1) | 512 | $ 498,882 | |
| 4.75%, 3/1/30 | 1,134 | 1,103,178 | |
| 5.00%, 2/15/32(1) | 217 | 207,672 | |
| Clarios Global LP/Clarios U.S. Finance Co.: | |||
| 4.75%, 6/15/31(16) | EUR | 280 | 324,315 |
| 6.75%, 2/15/30(1) | 1,340 | 1,381,533 | |
| 6.75%, 9/15/32(1) | 1,495 | 1,527,778 | |
| Dana Financing Luxembourg SARL, 8.50%, 7/15/31(16) | EUR | 100 | 120,413 |
| Forvia SE: | |||
| 5.50%, 6/15/31(16) | EUR | 223 | 261,558 |
| 8.00%, 6/15/30(1) | 300 | 316,140 | |
| IHO Verwaltungs GmbH: | |||
| 5.625%, (5.625% cash or 6.375% PIK), 5/15/31(16)(17) | EUR | 100 | 119,003 |
| 6.375%, (6.375% cash or 7.125% PIK), 5/15/29(1)(17) | 200 | 202,058 | |
| 6.75%, (6.75% cash or 7.50% PIK), 11/15/29(16)(17) | EUR | 160 | 191,559 |
| 7.00%, (7.00% cash or 7.75% PIK), 11/15/31(16)(17) | EUR | 100 | 122,402 |
| 7.375%, (7.375% cash or 8.125% PIK), 5/15/33(1)(17) | 345 | 358,923 | |
| JB Poindexter & Co., Inc., 8.75%, 12/15/31(1) | 1,488 | 1,531,710 | |
| Lithia Motors, Inc.: | |||
| 3.875%, 6/1/29(1) | 651 | 623,982 | |
| 4.375%, 1/15/31(1) | 1,171 | 1,110,922 | |
| 4.625%, 12/15/27(1) | 514 | 511,871 | |
| New Flyer Holdings, Inc., 9.25%, 7/1/30(1) | 1,248 | 1,342,616 | |
| Nissan Motor Co. Ltd., 7.50%, 7/17/30(1) | 200 | 206,304 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Automotive (continued) | |||
| RCI Banque SA: | |||
| 4.75% to 12/24/31, 3/24/37(16)(18) | EUR | 100 | $ 115,330 |
| 5.50% to 7/9/29, 10/9/34(16)(18) | EUR | 100 | 118,591 |
| Sonic Automotive, Inc.: | |||
| 4.625%, 11/15/29(1) | 2,297 | 2,255,174 | |
| 4.875%, 11/15/31(1) | 1,081 | 1,040,800 | |
| $ 15,592,714 | |||
| Banks — 0.0%† | |||
| Eldik Bank OAO, 8.50%, 4/23/31(16) | 210 | $ 210,757 | |
| $ 210,757 | |||
| Beverages — 0.2% | |||
| Primo Water Holdings, Inc./Triton Water Holdings, Inc., 6.25%, 4/1/29(1) | 1,712 | $ 1,719,500 | |
| $ 1,719,500 | |||
| Biotechnology — 0.0%† | |||
| Cidron Aida Finco SARL, 7.00%, 10/27/31(16) | EUR | 220 | $ 243,811 |
| $ 243,811 | |||
| Building and Development — 2.9% | |||
| Ameritex Holdco Intermediate LLC, 7.625%, 8/15/33(1) | 989 | $ 1,034,161 | |
| Ashton Woods USA LLC/Ashton Woods Finance Co.: | |||
| 4.625%, 8/1/29(1) | 392 | 378,187 | |
| 4.625%, 4/1/30(1) | 1,097 | 1,041,691 | |
| Builders FirstSource, Inc.: | |||
| 4.25%, 2/1/32(1) | 2,498 | 2,328,675 | |
| 5.00%, 3/1/30(1) | 1,085 | 1,064,522 | |
| CP Atlas Buyer, Inc., 9.75%, 7/15/30(1) | 1,829 | 1,757,931 | |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc.: | |||
| 6.375%, 12/15/30(16) | EUR | 700 | 826,699 |
| 6.625%, 12/15/30(1) | 1,782 | 1,824,027 | |
| JH North America Holdings, Inc.: | |||
| 5.875%, 1/31/31(1) | 704 | 707,840 | |
| 6.125%, 7/31/32(1) | 905 | 913,142 | |
| K Hovnanian Enterprises, Inc.: | |||
| 8.00%, 4/1/31(1) | 650 | 671,142 | |
| 8.375%, 10/1/33(1) | 925 | 951,259 | |
| LBM Acquisition LLC: | |||
| 6.25%, 1/15/29(1) | 706 | 513,750 | |
| 9.50%, 6/15/31(1) | 1,947 | 1,736,159 | |
| Masterbrand, Inc., 7.00%, 7/15/32(1) | 1,620 | 1,643,229 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Building and Development (continued) | |||
| Miller Homes Group Finco PLC, 6.533%, (3 mo. EURIBOR + 4.25%), 10/15/30(2)(16) | EUR | 200 | $ 228,930 |
| Patrick Industries, Inc.: | |||
| 4.75%, 5/1/29(1) | 1,187 | 1,168,182 | |
| 6.375%, 11/1/32(1) | 995 | 991,872 | |
| Quikrete Holdings, Inc.: | |||
| 6.375%, 3/1/32(1) | 2,027 | 2,070,899 | |
| 6.75%, 3/1/33(1) | 1,687 | 1,720,543 | |
| Risewell Homes, Inc., 8.50%, 11/1/30(1) | 1,025 | 1,047,745 | |
| Smyrna Ready Mix Concrete LLC, 6.00%, 11/1/28(1) | 3,078 | 3,085,855 | |
| Specialty Building Products Holdings LLC/SBP Finance Corp., 7.75%, 10/15/29(1) | 2,264 | 2,085,131 | |
| Standard Building Solutions, Inc., 6.50%, 8/15/32(1) | 670 | 674,485 | |
| Standard Industries, Inc.: | |||
| 3.375%, 1/15/31(1) | 2,339 | 2,106,689 | |
| 4.375%, 7/15/30(1) | 1,779 | 1,690,923 | |
| $ 34,263,668 | |||
| Building Materials — 0.0%† | |||
| HT Troplast GmbH, 7.625%, 7/15/31(16)(19) | EUR | 100 | $ 115,986 |
| $ 115,986 | |||
| Business Equipment and Services — 0.4% | |||
| Allied Universal Holdco LLC, 7.875%, 2/15/31(1) | 814 | $ 851,378 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 6/1/29(1) | 1,426 | 1,420,677 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL: | |||
| 4.625%, 6/1/28(1) | 1,316 | 1,294,280 | |
| 4.875%, 6/1/28(16) | GBP | 778 | 1,028,887 |
| $ 4,595,222 | |||
| Cable and Satellite Television — 0.9% | |||
| Altice Financing SA: | |||
| 4.25%, 8/15/29(16) | EUR | 200 | $ 160,995 |
| 5.00%, 1/15/28(1) | 814 | 574,619 | |
| 5.75%, 8/15/29(1) | 611 | 427,801 | |
| CCO Holdings LLC/CCO Holdings Capital Corp.: | |||
| 4.25%, 2/1/31(1) | 2,589 | 2,333,639 | |
| 4.50%, 8/15/30(1) | 1,194 | 1,110,668 | |
| 4.50%, 5/1/32 | 535 | 472,683 | |
| 4.75%, 3/1/30(1) | 1,789 | 1,697,173 | |
| 5.375%, 6/1/29(1) | 139 | 136,052 | |
| DISH Network Corp., 11.75%, 11/15/27(1) | 2,075 | 2,133,612 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Cable and Satellite Television (continued) | |||
| Virgin Media Secured Finance PLC, 4.125%, 8/15/30(16) | GBP | 855 | $ 978,192 |
| Ziggo BV, 4.875%, 1/15/30(1) | 628 | 589,912 | |
| $ 10,615,346 | |||
| Capital Goods — 0.1% | |||
| BWX Technologies, Inc.: | |||
| 4.125%, 6/30/28(1) | 948 | $ 930,725 | |
| 4.125%, 4/15/29(1) | 733 | 710,872 | |
| $ 1,641,597 | |||
| Chemicals — 0.7% | |||
| Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2: | |||
| 6.50%, 6/15/33(16) | EUR | 450 | $ 518,178 |
| 7.125%, 6/15/33(1) | 2,000 | 2,020,654 | |
| Calderys Financing II LLC, 11.75%, (11.75% cash or 12.50% PIK), 6/1/28(1)(17) | 1,445 | 1,476,664 | |
| Calderys Financing LLC, 11.25%, 6/1/28(1) | 2,315 | 2,400,738 | |
| FIS Fabbrica Italiana Sintetici SpA: | |||
| 5.25%, 2/5/31(1) | EUR | 200 | 231,608 |
| 5.25%, 2/5/31(16) | EUR | 100 | 115,804 |
| 5.399%, (3 mo. EURIBOR + 3.25%), 2/5/31(1)(2) | EUR | 100 | 115,769 |
| 5.399%, (3 mo. EURIBOR + 3.25%), 2/5/31(2)(16) | EUR | 130 | 150,500 |
| FMC Corp., 8.00%, 6/1/31(1) | 140 | 145,809 | |
| INEOS Finance PLC: | |||
| 6.625%, 5/15/28(16) | EUR | 100 | 115,523 |
| 7.50%, 4/15/29(1) | 551 | 536,145 | |
| 7.875%, 11/15/31(1) | EUR | 100 | 109,937 |
| 7.875%, 11/15/31(16) | EUR | 190 | 208,880 |
| $ 8,146,209 | |||
| Chemicals and Plastics — 1.1% | |||
| Avient Corp.: | |||
| 6.25%, 11/1/31(1) | 893 | $ 905,477 | |
| 7.125%, 8/1/30(1) | 1,762 | 1,795,674 | |
| Celanese U.S. Holdings LLC, 7.70%, 11/15/33 | 2,864 | 3,061,668 | |
| Cerdia Finanz GmbH, 9.375%, 10/3/31(1) | 1,215 | 1,091,471 | |
| INEOS Finance PLC: | |||
| 6.375%, 4/15/29(16) | EUR | 100 | 112,750 |
| 7.25%, 3/31/31(16) | EUR | 250 | 272,912 |
| Olympus Water U.S. Holding Corp.: | |||
| 6.125%, 2/15/33(1) | EUR | 425 | 489,021 |
| Security | Principal Amount* (000's omitted) | Value | |
| Chemicals and Plastics (continued) | |||
| Olympus Water U.S. Holding Corp.: (continued) | |||
| 7.25%, 2/15/33(1) | 4,020 | $ 3,978,685 | |
| Valvoline, Inc., 3.625%, 6/15/31(1) | 1,403 | 1,294,885 | |
| $ 13,002,543 | |||
| Clothing/Textiles — 0.0%† | |||
| PrestigeBidCo GmbH, 5.954%, (3 mo. EURIBOR + 3.75%), 7/1/29(2)(16) | EUR | 100 | $ 115,925 |
| $ 115,925 | |||
| Commercial Services — 2.2% | |||
| Aegis Lux 1a SARL: | |||
| 5.625% PIK, 10/29/31(1) | EUR | 200 | $ 232,528 |
| 5.625%, 10/29/31(16) | EUR | 220 | 255,780 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.875%, 6/15/30(1) | 745 | 766,074 | |
| Amber Finco PLC, 6.625%, 7/15/29(1) | EUR | 165 | 195,651 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.375%, 6/15/32(1) | 545 | 549,046 | |
| BCP V Modular Services Finance PLC, 6.75%, 11/30/29(16) | EUR | 120 | 89,350 |
| Belron U.K. Finance PLC: | |||
| 4.625%, 10/15/29(1) | EUR | 230 | 266,976 |
| 4.625%, 10/15/29(16) | EUR | 100 | 116,076 |
| 5.75%, 10/15/29(1) | 2,115 | 2,126,150 | |
| Block, Inc.: | |||
| 5.625%, 8/15/30(1) | 1,240 | 1,243,734 | |
| 6.00%, 8/15/33(1) | 1,385 | 1,395,353 | |
| Champions Financing, Inc., 8.75%, 2/15/29(1) | 1,036 | 1,008,515 | |
| Currenta Group Holdings SARL: | |||
| 6.283%, (3 mo. EURIBOR + 4.00%), 5/15/32(1)(2) | EUR | 200 | 230,154 |
| 6.283%, (3 mo. EURIBOR + 4.00%), 5/15/32(2)(16) | EUR | 320 | 368,246 |
| HealthEquity, Inc., 4.50%, 10/1/29(1) | 1,674 | 1,628,470 | |
| Herc Holdings, Inc.: | |||
| 5.75%, 3/15/31(1) | 315 | 314,847 | |
| 6.00%, 3/15/34(1) | 380 | 377,867 | |
| 7.00%, 6/15/30(1) | 1,180 | 1,222,778 | |
| 7.25%, 6/15/33(1) | 1,010 | 1,053,690 | |
| Korn Ferry, 4.625%, 12/15/27(1) | 1,912 | 1,903,500 | |
| Mavis Tire Express Services Topco Corp., 6.50%, 5/15/29(1) | 2,923 | 2,912,848 | |
| Multiversity SpA: | |||
| 7.125%, 5/17/31(1) | EUR | 120 | 142,723 |
| Security | Principal Amount* (000's omitted) | Value | |
| Commercial Services (continued) | |||
| Multiversity SpA: (continued) | |||
| 7.125%, 5/17/31(16) | EUR | 100 | $ 118,936 |
| NESCO Holdings II, Inc., 5.50%, 4/15/29(1) | 1,647 | 1,639,497 | |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.: | |||
| 5.50%, 5/15/33(16) | EUR | 535 | 599,632 |
| 6.75%, 8/15/32(1) | 1,046 | 1,048,732 | |
| Synergy Infrastructure Holdings LLC: | |||
| 7.00%, 7/15/34(1) | 390 | 395,817 | |
| 7.875%, 12/1/30(1) | 1,340 | 1,403,825 | |
| Wand NewCo 3, Inc., 7.625%, 1/30/32(1) | 2,214 | 2,291,160 | |
| $ 25,897,955 | |||
| Computers — 0.9% | |||
| Amentum Holdings, Inc., 7.25%, 8/1/32(1) | 1,042 | $ 1,073,926 | |
| Atos Group, 9.36% to 12/18/26, 12/18/29(4)(16) | EUR | 153 | 200,841 |
| CACI International, Inc., 6.375%, 6/15/33(1) | 1,110 | 1,126,450 | |
| Diebold Nixdorf, Inc., 7.75%, 3/31/30(1) | 1,892 | 1,975,099 | |
| Fortress Intermediate 3, Inc., 7.50%, 6/1/31(1) | 3,000 | 3,053,640 | |
| Insight Enterprises, Inc., 6.625%, 5/15/32(1) | 1,772 | 1,802,181 | |
| Seagate Data Storage Technology Pte. Ltd., 9.625%, 12/1/32(1) | 1,249 | 1,378,054 | |
| $ 10,610,191 | |||
| Containers and Glass Products — 0.3% | |||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC: | |||
| 3.00%, 9/1/29(16) | EUR | 290 | $ 319,735 |
| 4.00%, 9/1/29(1) | 1,439 | 1,368,615 | |
| 5.00%, 1/30/31(16) | EUR | 235 | 271,117 |
| 6.25%, 1/30/31(1) | 375 | 379,439 | |
| Canpack SA/Canpack U.S. LLC, 3.875%, 11/15/29(1) | 1,362 | 1,293,233 | |
| $ 3,632,139 | |||
| Cosmetics & Personal Care — 0.0%† | |||
| Opal Bidco SAS, 5.50%, 3/31/32(16) | EUR | 215 | $ 254,128 |
| $ 254,128 | |||
| Distribution & Wholesale — 0.5% | |||
| Azelis Finance NV, 4.75%, 9/25/29(16) | EUR | 200 | $ 233,164 |
| Performance Food Group, Inc., 4.25%, 8/1/29(1) | 2,429 | 2,358,949 | |
| Rexel SA, 5.25%, 9/15/30(16) | EUR | 150 | 176,484 |
| Security | Principal Amount* (000's omitted) | Value | |
| Distribution & Wholesale (continued) | |||
| Windsor Holdings III LLC, 8.50%, 6/15/30(1) | 2,847 | $ 2,966,366 | |
| Wolseley Group Finco PLC, 9.75%, 1/31/31(16) | GBP | 180 | 225,108 |
| $ 5,960,071 | |||
| Diversified Financial Services — 1.8% | |||
| Azorra Finance Ltd., 7.25%, 1/15/31(1) | 1,194 | $ 1,227,801 | |
| CI Financial Corp., 4.10%, 6/15/51 | 1,365 | 923,357 | |
| Focus Financial Partners LLC, 6.75%, 9/15/31(1) | 1,600 | 1,610,765 | |
| Hightower Holding LLC, 9.125%, 1/31/30(1) | 1,576 | 1,642,777 | |
| Phoenix Aviation Capital Ltd., 9.25%, 7/15/30(1) | 2,124 | 2,196,290 | |
| Rocket Cos., Inc.: | |||
| 6.125%, 8/1/30(1) | 1,260 | 1,282,235 | |
| 6.125%, 8/1/31(1) | 670 | 684,771 | |
| 6.375%, 8/1/33(1) | 1,890 | 1,924,425 | |
| 6.50%, 6/15/34(1) | 445 | 456,984 | |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.: | |||
| 3.625%, 3/1/29(1) | 2,648 | 2,548,797 | |
| 4.00%, 10/15/33(1) | 225 | 202,633 | |
| Sherwood Financing PLC, 7.625%, 12/15/29(16) | EUR | 390 | 454,601 |
| Stonebriar ABF Issuer LLC: | |||
| 7.00%, 8/15/31(1)(19) | 400 | 400,300 | |
| 8.125%, 12/15/30(1) | 1,330 | 1,391,507 | |
| Unifin Financiera SAB de CV: | |||
| 7.375%, 2/12/26(10)(20) | 620 | 0 | |
| 7.375%, 2/12/26(10)(20) | 620 | 0 | |
| United Wholesale Mortgage LLC, 5.50%, 4/15/29(1) | 480 | 446,250 | |
| UWM Holdings LLC: | |||
| 6.25%, 3/15/31(1) | 1,654 | 1,475,374 | |
| 6.625%, 2/1/30(1) | 710 | 662,164 | |
| WS Escrow LLC, 7.75%, 6/1/33(1) | 1,560 | 1,603,036 | |
| $ 21,134,067 | |||
| Drugs — 0.3% | |||
| Perrigo Finance Unlimited Co.: | |||
| 4.90%, 12/15/44 | 588 | $ 432,505 | |
| 5.15%, 6/15/30 | 2,255 | 2,170,113 | |
| 5.375%, 9/30/32 | EUR | 400 | 449,618 |
| $ 3,052,236 | |||
| Ecological Services and Equipment — 0.9% | |||
| Biffa Group Holdings Ltd.: | |||
| 5.25%, 6/15/31(16) | EUR | 435 | $ 499,803 |
| 7.375%, 6/15/31(16) | GBP | 200 | 268,267 |
| Security | Principal Amount* (000's omitted) | Value | |
| Ecological Services and Equipment (continued) | |||
| Clean Harbors, Inc.: | |||
| 5.125%, 7/15/29(1) | 332 | $ 330,449 | |
| 6.375%, 2/1/31(1) | 643 | 652,526 | |
| GFL Environmental Holdings U.S., Inc., 5.50%, 2/1/34(1) | 1,650 | 1,615,909 | |
| GFL Environmental, Inc.: | |||
| 4.375%, 8/15/29(1) | 2,000 | 1,945,708 | |
| 4.75%, 6/15/29(1) | 3,095 | 3,048,064 | |
| Luna 25 SARL, 5.50%, 7/1/32(16) | EUR | 410 | 476,483 |
| Reworld Holding Corp., 4.875%, 12/1/29(1) | 1,536 | 1,466,261 | |
| $ 10,303,470 | |||
| Electric — 0.1% | |||
| Neoen Finco PLC, 5.50%, 6/15/31(16) | EUR | 175 | $ 203,941 |
| Talen Energy Supply LLC, 6.125%, 5/1/31(1) | 1,135 | 1,135,492 | |
| $ 1,339,433 | |||
| Electric Utilities — 1.7% | |||
| Alpha Generation LLC, 6.75%, 10/15/32(1) | 2,791 | $ 2,843,622 | |
| Atlantica Sustainable Infrastructure PLC, 4.125%, 6/15/28(1) | 504 | 496,465 | |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC: | |||
| 5.625%, 2/15/32(1) | EUR | 385 | 447,891 |
| 5.625%, 2/15/32(16) | EUR | 100 | 116,335 |
| 6.375%, 2/15/32(1) | 1,115 | 1,118,351 | |
| Clearway Energy Operating LLC, 3.75%, 2/15/31(1) | 694 | 643,943 | |
| Enel SpA, 6.625% to 4/16/31(16)(18)(21) | EUR | 300 | 378,339 |
| Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 8/15/28(1) | 1,112 | 1,089,383 | |
| Public Power Corp. SA, 4.625%, 10/31/31(16) | EUR | 300 | 348,974 |
| TransAlta Corp., 5.875%, 2/1/34 | 1,341 | 1,321,774 | |
| VoltaGrid LLC, 7.375%, 11/1/30(1) | 2,535 | 2,632,993 | |
| WESCO Distribution, Inc.: | |||
| 5.25%, 4/15/31(1) | 375 | 372,089 | |
| 6.375%, 3/15/29(1) | 1,848 | 1,883,278 | |
| 6.375%, 3/15/33(1) | 995 | 1,021,598 | |
| 6.625%, 3/15/32(1) | 854 | 881,081 | |
| XPLR Infrastructure Operating Partners LP: | |||
| 4.50%, 9/15/27(1) | 1,207 | 1,198,446 | |
| 7.75%, 4/15/34(1) | 1,125 | 1,184,771 | |
| 8.375%, 1/15/31(1) | 760 | 810,947 | |
| 8.625%, 3/15/33(1) | 765 | 820,652 | |
| $ 19,610,932 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Electronics/Electrical — 0.6% | |||
| Castello BC Bidco SpA: | |||
| 6.791%, (3 mo. EURIBOR + 4.50%), 11/14/31(2)(16) | EUR | 220 | $ 254,148 |
| 6.791%, (3 mo. EURIBOR + 4.50%), 11/14/31(1)(2) | EUR | 125 | 144,402 |
| Ingram Micro, Inc., 4.75%, 5/15/29(1) | 4,165 | 4,093,062 | |
| Sensata Technologies, Inc.: | |||
| 3.75%, 2/15/31(1) | 1,660 | 1,553,188 | |
| 4.375%, 2/15/30(1) | 627 | 610,229 | |
| SS&C Technologies, Inc., 5.50%, 9/30/27(1) | 517 | 517,165 | |
| $ 7,172,194 | |||
| Energy — 1.0% | |||
| Sunoco LP: | |||
| 4.50%, 10/1/29(1) | 376 | $ 365,387 | |
| 4.625%, 5/1/30(1) | 1,501 | 1,450,726 | |
| 5.875%, 3/15/34(1) | 1,170 | 1,154,654 | |
| 7.25%, 5/1/32(1) | 2,146 | 2,227,305 | |
| 7.875% to 9/18/30(1)(18)(21) | 4,565 | 4,750,257 | |
| Sunoco LP/Sunoco Finance Corp., 4.50%, 4/30/30 | 1,692 | 1,644,426 | |
| $ 11,592,755 | |||
| Engineering & Construction — 0.4% | |||
| Arcosa, Inc., 6.875%, 8/15/32(1) | 1,046 | $ 1,091,974 | |
| Artera Services LLC, 8.50%, 2/15/31(1) | 1,263 | 1,136,918 | |
| Egis SA, 5.125%, 5/15/31(16) | EUR | 450 | 524,378 |
| Infrastrutture Wireless Italiane SpA: | |||
| 1.75%, 4/19/31(16) | EUR | 375 | 392,182 |
| 3.625%, 10/13/32(16) | EUR | 115 | 126,186 |
| OHL Operaciones SA, 9.75%, (5.10% cash and 4.65% PIK), 12/31/29(16) | EUR | 374 | 404,953 |
| VM Consolidated, Inc., 5.50%, 4/15/29(1) | 1,131 | 998,675 | |
| $ 4,675,266 | |||
| Entertainment — 1.4% | |||
| Allwyn Entertainment Financing U.K. PLC: | |||
| 4.125%, 2/15/31(1) | EUR | 405 | $ 456,380 |
| 7.25%, 4/30/30(16) | EUR | 473 | 561,562 |
| 7.875%, 4/30/29(1) | 1,984 | 2,039,533 | |
| Asmodee Group AB, 4.25%, 12/15/31(16) | EUR | 230 | 264,970 |
| Banijay Gaming SAS, 5.125%, 12/10/31(16) | EUR | 550 | 639,437 |
| Brightstar Lottery PLC/Brightstar Global Solutions Corp., 5.75%, 1/15/33(1) | 1,005 | 985,830 | |
| Caesars Entertainment, Inc., 7.00%, 2/15/30(1) | 671 | 675,258 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Entertainment (continued) | |||
| Cirsa Finance International SARL, 7.875%, 7/31/28(16) | EUR | 100 | $ 117,202 |
| CPUK Finance Ltd.: | |||
| 6.875%, 8/28/32(16) | GBP | 280 | 375,124 |
| 7.875%, 8/28/29(16) | GBP | 130 | 178,182 |
| Discovery Global Holdings, Inc., 5.05%, 3/15/42 | 1,010 | 741,158 | |
| Flutter Treasury DAC: | |||
| 5.00%, 4/29/29(16) | EUR | 135 | 157,764 |
| 5.875%, 6/4/31(1) | 1,507 | 1,502,449 | |
| Intralot Capital Luxembourg SA, 6.75%, 10/15/31(16) | EUR | 557 | 646,875 |
| LHMC Finco 2 SARL: | |||
| 9.375%, (8.625% cash or 9.375% PIK), 5/15/30(1)(17) | EUR | 105 | 123,527 |
| 9.375%, (8.625% cash or 9.375% PIK), 5/15/30(16)(17) | EUR | 406 | 478,217 |
| Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, 8.25%, 4/15/30(1) | 1,687 | 1,758,421 | |
| Motion Bondco DAC: | |||
| 4.50%, 11/15/27(16) | EUR | 100 | 110,927 |
| 6.625%, 11/15/27(1) | 635 | 614,804 | |
| Speedway Motorsports LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(1) | 1,450 | 1,437,959 | |
| Voyager Parent LLC, 9.25%, 7/1/32(1) | 2,636 | 2,789,239 | |
| $ 16,654,818 | |||
| Financial Intermediaries — 0.1% | |||
| Alpha Holding SA de CV: | |||
| 9.00%, 2/10/25(1)(20) | 721 | $ 6,491 | |
| 10.00%, 12/19/22(1)(20) | 188 | 1,695 | |
| Compass Group Diversified Holdings LLC, 5.25%, 4/15/29(1) | 1,270 | 1,210,907 | |
| $ 1,219,093 | |||
| Food Products — 0.4% | |||
| Froneri Lux FinCo SARL, 4.75%, 8/1/32(16) | EUR | 225 | $ 251,156 |
| Ingles Markets, Inc., 4.00%, 6/15/31(1) | 1,502 | 1,418,263 | |
| La Doria SpA, 5.525%, (3 mo. EURIBOR + 3.375%), 12/30/30(2)(16) | EUR | 540 | 621,947 |
| Post Holdings, Inc., 6.25%, 2/15/32(1) | 1,176 | 1,195,182 | |
| Premier Foods Finance PLC, 3.50%, 10/15/26(16) | GBP | 125 | 165,454 |
| Viking Baked Goods Acquisition Corp., 8.625%, 11/1/31(1) | 882 | 893,736 | |
| $ 4,545,738 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Food Retail — 0.0%† | |||
| Co-Operative Group Ltd., 8.25%, 12/15/31(16) | GBP | 180 | $ 245,326 |
| $ 245,326 | |||
| Food Service — 1.3% | |||
| 1011778 BC ULC/New Red Finance, Inc.: | |||
| 3.875%, 1/15/28(1) | 1,906 | $ 1,871,148 | |
| 4.00%, 10/15/30(1) | 2,705 | 2,555,208 | |
| 4.375%, 1/15/28(1) | 1,014 | 1,003,138 | |
| Chobani LLC/Chobani Finance Corp., Inc.: | |||
| 4.625%, 11/15/28(1) | 1,375 | 1,362,491 | |
| 6.375%, 4/15/34(1) | 1,780 | 1,807,688 | |
| 7.625%, 7/1/29(1) | 2,278 | 2,351,866 | |
| TKC Holdings, Inc.: | |||
| 8.50%, 8/15/30(1) | 1,660 | 1,709,581 | |
| 12.00%, 2/15/31(1) | 365 | 384,975 | |
| U.S. Foods, Inc., 4.75%, 2/15/29(1) | 1,837 | 1,814,332 | |
| Yum! Brands, Inc., 3.625%, 3/15/31 | 603 | 561,516 | |
| $ 15,421,943 | |||
| Food/Drug Retailers — 0.3% | |||
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC: | |||
| 4.875%, 2/15/30(1) | 1,028 | $ 995,164 | |
| 5.625%, 3/31/32(1) | 2,370 | 2,292,611 | |
| $ 3,287,775 | |||
| Forest Products & Paper — 0.1% | |||
| WEPA Hygieneprodukte GmbH, 5.625%, 1/15/31(16) | EUR | 660 | $ 772,614 |
| $ 772,614 | |||
| Health Care — 2.7% | |||
| Acadia Healthcare Co., Inc.: | |||
| 5.00%, 4/15/29(1) | 588 | $ 579,196 | |
| 7.375%, 3/15/33(1) | 588 | 606,036 | |
| Bausch & Lomb Netherlands BV & Bausch & Lomb, Inc., 6.079%, (3 mo. EURIBOR + 3.875%), 1/15/31(2)(16) | EUR | 430 | 496,368 |
| Fortrea Holdings, Inc., 7.50%, 7/1/30(1) | 1,382 | 1,401,995 | |
| Global Medical Response, Inc., 7.375%, 10/1/32(1) | 1,318 | 1,366,634 | |
| IQVIA, Inc.: | |||
| 2.25%, 3/15/29(16) | EUR | 300 | 333,217 |
| 5.00%, 10/15/26(1) | 850 | 849,968 | |
| 6.25%, 6/1/32(1) | 1,970 | 2,005,319 | |
| 6.50%, 5/15/30(1) | 825 | 842,582 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Health Care (continued) | |||
| LifePoint Health, Inc.: | |||
| 5.375%, 1/15/29(1) | 2,888 | $ 2,772,779 | |
| 9.875%, 8/15/30(1) | 825 | 870,301 | |
| 10.00%, 6/1/32(1) | 375 | 374,836 | |
| Medline Borrower LP, 5.25%, 10/1/29(1) | 5,431 | 5,400,555 | |
| Option Care Health, Inc., 4.375%, 10/31/29(1) | 1,991 | 1,914,186 | |
| Surgery Center Holdings, Inc., 7.25%, 4/15/32(1) | 1,396 | 1,414,973 | |
| Team Health Holdings, Inc.: | |||
| 8.375%, 6/30/28(1) | 951 | 954,173 | |
| 13.50%, (9.00% cash and 4.50% PIK), 6/30/28(1) | 2,181 | 2,231,125 | |
| TEAM Services Holding, Inc., 9.00%, 2/15/33(1) | 850 | 860,978 | |
| Tenet Healthcare Corp.: | |||
| 4.375%, 1/15/30 | 187 | 181,328 | |
| 5.125%, 11/1/27 | 1,607 | 1,607,836 | |
| 5.50%, 11/15/32(1) | 925 | 920,237 | |
| 6.00%, 11/15/33(1) | 480 | 484,542 | |
| 6.125%, 10/1/28 | 1,115 | 1,120,072 | |
| U.S. Acute Care Solutions LLC, 9.75%, 5/15/29(1) | 1,960 | 1,850,407 | |
| $ 31,439,643 | |||
| Health Care Providers & Services — 0.1% | |||
| National Mentor Holdings, Inc., 10.50%, 12/15/30(1) | 1,405 | $ 1,481,841 | |
| $ 1,481,841 | |||
| Health Care Technology — 0.4% | |||
| athenahealth Group, Inc., 6.50%, 2/15/30(1) | 4,839 | $ 4,642,774 | |
| $ 4,642,774 | |||
| Healthcare Services — 0.0%† | |||
| HomeVi SASU, 6.625%, 10/31/31(1) | EUR | 100 | $ 116,247 |
| $ 116,247 | |||
| Home Furnishings — 0.3% | |||
| Somnigroup International, Inc.: | |||
| 3.875%, 10/15/31(1) | 1,932 | $ 1,776,865 | |
| 4.00%, 4/15/29(1) | 968 | 933,807 | |
| Whirlpool EMEA Finance SARL, 0.50%, 2/20/28 | EUR | 250 | 267,128 |
| $ 2,977,800 | |||
| Homebuilders/Real Estate — 0.0%† | |||
| M/I Homes, Inc.: | |||
| 3.95%, 2/15/30 | 210 | $ 199,659 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Homebuilders/Real Estate (continued) | |||
| M/I Homes, Inc.: (continued) | |||
| 4.95%, 2/1/28 | 252 | $ 251,008 | |
| $ 450,667 | |||
| Industrial Equipment — 0.0%† | |||
| TK Elevator Midco GmbH, 4.375%, 7/15/27(16) | EUR | 99 | $ 113,897 |
| $ 113,897 | |||
| Insurance — 1.0% | |||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer: | |||
| 6.50%, 10/1/31(1) | 370 | $ 369,448 | |
| 7.00%, 1/15/31(1) | 808 | 821,552 | |
| 7.375%, 10/1/32(1) | 285 | 283,235 | |
| AmWINS Group, Inc., 4.875%, 6/30/29(1) | 2,340 | 2,256,295 | |
| Asurion LLC/Asurion Co-Issuer, Inc.: | |||
| 8.00%, 12/31/32(1) | 2,800 | 2,823,440 | |
| 8.375%, 2/1/34(1) | 775 | 717,971 | |
| CRC Insurance Group LLC, 7.125%, 6/1/31(1) | 2,812 | 2,804,706 | |
| Galaxy Bidco Ltd., 8.125%, 12/19/29(16) | GBP | 180 | 247,273 |
| Ryan Specialty LLC, 5.875%, 8/1/32(1) | 1,398 | 1,376,265 | |
| $ 11,700,185 | |||
| Internet Software & Services — 0.6% | |||
| Arches Buyer, Inc., 6.125%, 12/1/28(1) | 1,854 | $ 1,827,578 | |
| Cars.com, Inc., 6.375%, 11/1/28(1) | 1,110 | 1,101,765 | |
| Match Group Holdings II LLC, 3.625%, 10/1/31(1) | 1,727 | 1,554,906 | |
| Science Applications International Corp.: | |||
| 4.875%, 4/1/28(1) | 1,487 | 1,477,227 | |
| 5.875%, 11/1/33(1) | 1,055 | 1,040,045 | |
| United Group BV: | |||
| 6.50%, 10/31/31(1) | EUR | 245 | 289,435 |
| 6.50%, 10/31/31(16) | EUR | 100 | 118,137 |
| 6.75%, 2/15/31(16) | EUR | 120 | 143,219 |
| $ 7,552,312 | |||
| Leisure Goods/Activities/Movies — 0.4% | |||
| Acushnet Co., 5.625%, 12/1/33(1) | 795 | $ 792,779 | |
| Carnival Corp. Ltd.: | |||
| 5.75%, 1/15/30(16) | EUR | 100 | 121,695 |
| 5.75%, 8/1/32(1) | 1,190 | 1,203,111 | |
| NCL Corp. Ltd.: | |||
| 6.75%, 2/1/32(1) | 1,425 | 1,422,801 | |
| 7.75%, 2/15/29(1) | 433 | 452,075 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Leisure Goods/Activities/Movies (continued) | |||
| NCL Finance Ltd., 6.125%, 3/15/28(1) | 704 | $ 709,756 | |
| $ 4,702,217 | |||
| Leisure Time — 0.1% | |||
| Gaia Purchaser, Inc., 7.625%, 7/15/33(1)(19) | 1,525 | $ 1,543,433 | |
| $ 1,543,433 | |||
| Lodging and Casinos — 0.2% | |||
| Essendi SA: | |||
| 5.50%, 11/15/31(16) | EUR | 254 | $ 294,987 |
| 6.375%, 10/15/29(16) | EUR | 165 | 196,100 |
| Genting New York LLC/GENNY Capital, Inc., 7.25%, 10/1/29(1) | 2,098 | 2,159,229 | |
| $ 2,650,316 | |||
| Machinery — 0.2% | |||
| CEME SpA, 6.791%, (3 mo. EURIBOR + 4.50%), 9/30/31(2)(16) | EUR | 220 | $ 246,220 |
| Dynamo Newco II GmbH: | |||
| 6.25%, 10/15/31(1) | EUR | 235 | 254,490 |
| 6.25%, 10/15/31(16) | EUR | 200 | 216,588 |
| IMA Industria Macchine Automatiche SpA, 5.954%, (3 mo. EURIBOR + 3.75%), 4/15/29(2)(16) | EUR | 150 | 173,925 |
| King U.S. Bidco, Inc.: | |||
| 5.454%, 12/1/32(1)(2) | EUR | 440 | 509,174 |
| 5.454%, (3 mo. EURIBOR + 3.25%), 12/1/32(2)(16) | EUR | 180 | 208,299 |
| Solaris Energy Infrastructure LLC, 6.375%, 5/15/31(1) | 735 | 743,576 | |
| $ 2,352,272 | |||
| Media — 1.3% | |||
| Charter Communications Operating LLC/Charter Communications Operating Capital: | |||
| 3.70%, 4/1/51 | 1,330 | $ 825,974 | |
| 3.90%, 6/1/52 | 875 | 558,301 | |
| CSC Holdings LLC: | |||
| 3.375%, 2/15/31(1) | 1,080 | 641,379 | |
| 4.125%, 12/1/30(1) | 701 | 417,140 | |
| 11.75%, 1/31/29(1) | 1,051 | 647,151 | |
| Discovery Global Holdings, Inc., 4.302%, 1/17/30 | EUR | 230 | 261,391 |
| Gray Media, Inc., 4.75%, 10/15/30(1) | 176 | 126,581 | |
| Nexstar Media, Inc.: | |||
| 6.50%, 9/15/33(1) | 1,670 | 1,671,006 | |
| 7.25%, 4/15/34(1) | 1,500 | 1,497,667 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Media (continued) | |||
| Outfront Media Capital LLC/Outfront Media Capital Corp.: | |||
| 4.25%, 1/15/29(1) | 610 | $ 594,310 | |
| 4.625%, 3/15/30(1) | 925 | 897,698 | |
| 7.375%, 2/15/31(1) | 1,475 | 1,538,468 | |
| Sinclair Television Group, Inc., 8.125%, 2/15/33(1) | 1,337 | 1,374,992 | |
| Summer BidCo BV: | |||
| 8.875% PIK, 1/31/31(1) | EUR | 113 | 133,747 |
| 8.875% PIK, 1/31/31(16) | EUR | 103 | 121,588 |
| Univision Communications, Inc.: | |||
| 8.50%, 7/31/31(1) | 470 | 472,391 | |
| 8.875%, 4/15/33(1) | 475 | 467,924 | |
| 9.375%, 8/1/32(1) | 1,076 | 1,094,135 | |
| Versant Media Group, Inc., 7.25%, 1/30/31(1) | 1,100 | 1,138,714 | |
| VZ Secured Financing BV, 5.00%, 1/15/32(1) | 546 | 478,397 | |
| $ 14,958,954 | |||
| Metals/Mining — 0.9% | |||
| Arsenal AIC Parent LLC, 11.50%, 10/1/31(1) | 2,011 | $ 2,157,640 | |
| Compass Minerals International, Inc., 8.00%, 7/1/30(1) | 1,514 | 1,597,670 | |
| Constellium SE, 3.75%, 4/15/29(1) | 1,970 | 1,895,688 | |
| First Quantum Minerals Ltd.: | |||
| 6.375%, 2/15/36(1) | 2,121 | 2,083,128 | |
| 7.25%, 2/15/34(1) | 545 | 559,130 | |
| 8.00%, 3/1/33(1) | 730 | 764,130 | |
| Hudbay Minerals, Inc., 6.125%, 4/1/29(1) | 489 | 491,907 | |
| Roller Bearing Co. of America, Inc., 4.375%, 10/15/29(1) | 1,513 | 1,477,095 | |
| $ 11,026,388 | |||
| Miscellaneous Manufacturing — 0.1% | |||
| Axon Enterprise, Inc.: | |||
| 6.125%, 3/15/30(1) | 535 | $ 547,017 | |
| 6.25%, 3/15/33(1) | 410 | 420,495 | |
| $ 967,512 | |||
| Nonferrous Metals/Minerals — 0.1% | |||
| Eldorado Gold Corp., 6.25%, 9/1/29(1) | 1,333 | $ 1,331,165 | |
| $ 1,331,165 | |||
| Oil and Gas — 2.0% | |||
| Aethon United BR LP/Aethon United Finance Corp., 7.50%, 10/1/29(1) | 1,475 | $ 1,534,658 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Oil and Gas (continued) | |||
| Archrock Services LP/Archrock Partners Finance Corp., 6.00%, 2/1/34(1) | 530 | $ 527,141 | |
| Crescent Energy Finance LLC: | |||
| 7.875%, 4/15/32(1) | 409 | 414,387 | |
| 9.75%, 10/15/30(1) | 477 | 505,870 | |
| DBR Land Holdings LLC, 6.25%, 12/1/30(1) | 1,175 | 1,193,953 | |
| Kodiak Gas Services LLC: | |||
| 6.50%, 10/1/33(1) | 959 | 972,645 | |
| 6.75%, 10/1/35(1) | 400 | 410,590 | |
| Matador Resources Co.: | |||
| 6.00%, 4/15/34(1) | 650 | 634,091 | |
| 6.50%, 4/15/32(1) | 1,400 | 1,408,386 | |
| Noble Finance II LLC, 6.25%, 6/15/34(1) | 820 | 804,175 | |
| Petroleos de Venezuela SA: | |||
| 5.375%, 4/12/27(16)(20) | 610 | 224,979 | |
| 6.00%, 10/28/22(16)(20) | 757 | 274,616 | |
| 6.00%, 5/16/24(16)(20) | 604 | 227,660 | |
| 6.00%, 11/15/26(16)(20) | 453 | 170,933 | |
| 8.50%, 10/20/27 | 487 | 567,355 | |
| 9.00%, 11/17/21(16)(20) | 511 | 224,143 | |
| 9.75%, 5/17/35(16)(20) | 565 | 252,546 | |
| 12.75%, 2/17/22(16)(20) | 488 | 244,400 | |
| Petroleos Mexicanos: | |||
| 5.95%, 1/28/31 | 210 | 207,690 | |
| 6.70%, 2/16/32 | 100 | 100,947 | |
| 6.75%, 9/21/47 | 600 | 514,038 | |
| 6.84%, 1/23/30 | 1,000 | 1,027,686 | |
| Petronas Capital Ltd.: | |||
| 2.48%, 1/28/32(16) | 600 | 535,889 | |
| 4.55%, 4/21/50(16) | 310 | 271,042 | |
| 5.34%, 4/3/35(16) | 800 | 820,301 | |
| SM Energy Co.: | |||
| 7.00%, 8/1/32(1) | 1,070 | 1,080,574 | |
| 8.625%, 11/1/30(1) | 1,629 | 1,711,553 | |
| Sonangol Finance Ltd., 10.00%, 1/29/31(16) | 223 | 224,815 | |
| Transocean International Ltd.: | |||
| 7.875%, 10/15/32(1) | 245 | 255,894 | |
| 8.25%, 5/15/29(1) | 1,249 | 1,290,358 | |
| 8.75%, 2/15/30(1) | 495 | 514,586 | |
| UGI International LLC: | |||
| 2.50%, 12/1/29(16) | EUR | 150 | 162,550 |
| 5.00%, 6/1/31(16) | EUR | 100 | 117,022 |
| WBI Operating LLC: | |||
| 6.25%, 10/15/30(1) | 1,430 | 1,438,723 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Oil and Gas (continued) | |||
| WBI Operating LLC: (continued) | |||
| 6.50%, 10/15/33(1) | 1,240 | $ 1,248,438 | |
| Weatherford International Ltd., 6.75%, 10/15/33(1) | 825 | 842,202 | |
| $ 22,956,836 | |||
| Packaging & Containers — 0.9% | |||
| Ardagh Group SA, 9.50%, 12/1/30(1) | 1,755 | $ 1,877,246 | |
| Clydesdale Acquisition Holdings, Inc.: | |||
| 6.75%, 4/15/32(1) | 1,732 | 1,682,379 | |
| 8.75%, 4/15/30(1) | 2,346 | 2,316,014 | |
| Constantia Flexibles GmbH, 6.25%, 7/15/32(1)(19) | EUR | 100 | 116,050 |
| Sword Purchaser LLC, 8.25%, 4/15/33(1) | 2,854 | 2,954,861 | |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC: | |||
| 8.25%, 5/15/30(1) | EUR | 230 | 240,621 |
| 9.50%, 5/15/30(1) | 1,225 | 1,155,890 | |
| $ 10,343,061 | |||
| Pharmaceuticals — 1.4% | |||
| 1261229 BC Ltd., 10.00%, 4/15/32(1) | 4,674 | $ 4,737,127 | |
| Amneal Pharmaceuticals LLC, 6.875%, 8/1/32(1) | 742 | 771,130 | |
| Bayer AG, 5.375% to 6/25/30, 3/25/82(16)(18) | EUR | 300 | 353,975 |
| BellRing Brands, Inc., 7.00%, 3/15/30(1) | 2,444 | 2,445,399 | |
| Endo Finance Holdings LP, 8.50%, 4/15/31(1) | 1,400 | 1,472,394 | |
| Grifols SA, 7.50%, 5/1/30(16) | EUR | 646 | 768,930 |
| Nidda Healthcare Holding GmbH: | |||
| 5.533%, (3 mo. EURIBOR + 3.25%), 10/15/32(1)(2) | EUR | 100 | 114,799 |
| 5.533%, (3 mo. EURIBOR + 3.25%), 10/15/32(2)(16) | EUR | 330 | 378,838 |
| P&L Development LLC/PLD Finance Corp., 12.00%, (12.00% cash or 9.00% cash and 3.50% PIK), 5/15/29(1)(17) | 941 | 922,470 | |
| Rossini SARL, 6.75%, 12/31/29(16) | EUR | 310 | 367,570 |
| Teva Pharmaceutical Finance Netherlands II BV: | |||
| 4.375%, 5/9/30 | EUR | 592 | 689,800 |
| 7.875%, 9/15/31 | EUR | 395 | 529,666 |
| Teva Pharmaceutical Finance Netherlands III BV: | |||
| 4.10%, 10/1/46 | 2,726 | 2,105,696 | |
| 6.00%, 12/1/32 | 1,125 | 1,167,992 | |
| $ 16,825,786 | |||
| Pipelines — 1.3% | |||
| Energy Transfer LP, 5.00%, 5/15/50 | 1,094 | $ 926,647 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Pipelines (continued) | |||
| Global Partners LP/GLP Finance Corp.: | |||
| 7.125%, 7/1/33(1) | 700 | $ 708,716 | |
| 8.25%, 1/15/32(1) | 1,317 | 1,379,964 | |
| Kinetik Holdings LP, 5.875%, 6/15/30(1) | 2,308 | 2,322,462 | |
| NGL Energy Operating LLC/NGL Energy Finance Corp.: | |||
| 8.125%, 2/15/29(1) | 574 | 594,453 | |
| 8.375%, 2/15/32(1) | 910 | 947,759 | |
| Plains All American Pipeline LP, Series B, 8.023% to 7/30/26, (3 mo. SOFR + 4.372%)(2)(21) | 1,912 | 1,918,468 | |
| Venture Global Calcasieu Pass LLC, 6.00%, 5/1/36(1) | 1,020 | 1,031,595 | |
| Venture Global LNG, Inc.: | |||
| 6.625%, 6/15/36(1) | 765 | 754,484 | |
| 8.375%, 6/1/31(1) | 877 | 913,223 | |
| 9.00% to 9/30/29(1)(18)(21) | 1,765 | 1,724,114 | |
| 9.50%, 2/1/29(1) | 1,623 | 1,747,664 | |
| 9.875%, 2/1/32(1) | 355 | 379,127 | |
| $ 15,348,676 | |||
| Professional Services — 0.1% | |||
| Neptune Bidco U.S., Inc., 9.29%, 4/15/29(1) | 545 | $ 556,234 | |
| $ 556,234 | |||
| Publishing — 0.3% | |||
| McGraw-Hill Education, Inc.: | |||
| 5.75%, 8/1/28(1) | 423 | $ 421,515 | |
| 7.375%, 9/1/31(1) | 553 | 562,448 | |
| 8.00%, 8/1/29(1) | 1,879 | 1,883,993 | |
| $ 2,867,956 | |||
| Radio and Television — 0.2% | |||
| Clear Channel Outdoor Holdings, Inc.: | |||
| 7.125%, 2/15/31(1) | 609 | $ 630,945 | |
| 7.50%, 3/15/33(1) | 254 | 267,621 | |
| 7.75%, 4/15/28(1) | 1,316 | 1,321,673 | |
| 7.875%, 4/1/30(1) | 292 | 304,373 | |
| $ 2,524,612 | |||
| Real Estate Investment Trusts (REITs) — 0.6% | |||
| Adler Financing SARL, 8.25% PIK, 12/31/28 | EUR | 526 | $ 679,418 |
| Alexandrite Lake Lux Holdings SARL, 6.75%, 7/30/30(1) | EUR | 200 | 228,819 |
| Alexandrite Monnet U.K. Holdco PLC, 6.875%, 5/31/31(16) | EUR | 320 | 369,218 |
| Security | Principal Amount* (000's omitted) | Value | |
| Real Estate Investment Trusts (REITs) (continued) | |||
| alstria SARL, 5.50%, 3/20/31(16) | EUR | 300 | $ 343,367 |
| Cushman & Wakefield U.S. Borrower LLC: | |||
| 6.75%, 5/15/28(1) | 391 | 391,545 | |
| 8.875%, 9/1/31(1) | 1,343 | 1,410,345 | |
| Greystar Real Estate Partners LLC, 7.75%, 9/1/30(1) | 2,048 | 2,137,674 | |
| Immobiliare Grande Distribuzione SIIQ SpA, 4.45%, 11/4/30(16) | EUR | 400 | 463,967 |
| Iron Mountain, Inc., 4.75%, 1/15/34(16) | EUR | 320 | 364,325 |
| New Immo Holding SA, 4.875%, 12/8/28(16) | EUR | 300 | 344,281 |
| $ 6,732,959 | |||
| Retail — 1.7% | |||
| B&M European Value Retail PLC, 4.00%, 11/15/28(16) | GBP | 300 | $ 387,740 |
| Boots Group Finco LP, 7.375%, 8/31/32(16) | GBP | 275 | 377,645 |
| CD&R Firefly Bidco PLC, 8.625%, 4/30/29(16) | GBP | 750 | 1,026,060 |
| Cougar JV Subsidiary LLC, 8.00%, 5/15/32(1) | 2,337 | 2,451,188 | |
| Ferrellgas LP/Ferrellgas Finance Corp.: | |||
| 5.875%, 4/1/29(1) | 1,151 | 1,120,189 | |
| 9.25%, 1/15/31(1) | 655 | 690,729 | |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd., 8.375%, 1/15/29(1) | 442 | 435,759 | |
| Group 1 Automotive, Inc.: | |||
| 4.00%, 8/15/28(1) | 1,328 | 1,293,940 | |
| 6.375%, 1/15/30(1) | 455 | 461,000 | |
| Ken Garff Automotive LLC, 4.875%, 9/15/28(1) | 957 | 948,431 | |
| LCM Investments Holdings II LLC: | |||
| 4.875%, 5/1/29(1) | 1,652 | 1,609,295 | |
| 8.25%, 8/1/31(1) | 262 | 273,153 | |
| Men's Wearhouse LLC, 9.00%, 2/1/31(1) | 820 | 871,822 | |
| Molins Finance SA, 5.50%, 6/15/33(16) | EUR | 200 | 239,133 |
| Park River Holdings, Inc.: | |||
| 8.00%, 3/15/31(1) | 1,707 | 1,723,580 | |
| 8.75%, 12/31/30(1) | 510 | 496,691 | |
| PetSmart LLC/PetSmart Finance Corp.: | |||
| 7.50%, 9/15/32(1) | 2,045 | 2,046,918 | |
| 10.00%, 9/15/33(1) | 540 | 541,243 | |
| Punch Finance PLC, 7.875%, 12/30/30(16) | GBP | 210 | 288,050 |
| QXO Building Products, Inc.: | |||
| 6.50%, 7/15/31(1) | 315 | 321,214 | |
| 6.875%, 7/15/34(1) | 735 | 754,974 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Retail (continued) | |||
| Waga Bondco Ltd., 8.50%, 6/15/30(16) | GBP | 200 | $ 229,733 |
| White Cap Supply Holdings LLC, 7.375%, 11/15/30(1) | 1,699 | 1,724,240 | |
| $ 20,312,727 | |||
| Retailers (Except Food and Drug) — 0.4% | |||
| Bath & Body Works, Inc.: | |||
| 6.625%, 10/1/30(1) | 479 | $ 488,923 | |
| 6.75%, 7/1/36 | 437 | 438,183 | |
| Michaels Cos., Inc., 8.50%, 3/15/33(1) | 2,370 | 2,348,871 | |
| Superior Plus LP/Superior General Partner, Inc., 4.50%, 3/15/29(1) | 1,532 | 1,486,305 | |
| $ 4,762,282 | |||
| Semiconductors & Semiconductor Equipment — 0.2% | |||
| ams-OSRAM AG, 10.50%, 3/30/29(16) | EUR | 149 | $ 181,024 |
| BE Semiconductor Industries NV, 4.50%, 7/15/31(16) | EUR | 200 | 238,053 |
| ON Semiconductor Corp., 3.875%, 9/1/28(1) | 1,544 | 1,506,883 | |
| $ 1,925,960 | |||
| Software — 1.3% | |||
| Clarivate Science Holdings Corp., 4.875%, 7/1/29(1) | 897 | $ 803,552 | |
| Cloud Software Group, Inc.: | |||
| 6.50%, 3/31/29(1) | 2,340 | 2,272,190 | |
| 9.00%, 9/30/29(1) | 4,150 | 4,031,276 | |
| OAK-Eagle Acquireco, Inc.: | |||
| 6.25%, 7/1/33(1) | EUR | 100 | 119,923 |
| 6.25%, 7/1/33(16) | EUR | 440 | 527,662 |
| 7.25%, 7/1/33(1) | 3,631 | 3,800,391 | |
| 8.75%, 7/1/34(1) | 2,690 | 2,856,570 | |
| TeamSystem SpA: | |||
| 5.00%, 7/1/31(1) | EUR | 300 | 331,029 |
| 6.50%, 7/1/32(1)(19) | EUR | 100 | 114,237 |
| $ 14,856,830 | |||
| Software and Services — 0.1% | |||
| Fair Isaac Corp., 4.00%, 6/15/28(1) | 1,248 | $ 1,221,659 | |
| $ 1,221,659 | |||
| Specialty Retail — 0.0%† | |||
| Fiber Midco SpA, 10.75%, 6/15/29(16) | EUR | 345 | $ 369,275 |
| $ 369,275 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Steel — 0.6% | |||
| ATI, Inc., 5.875%, 12/1/27 | 320 | $ 320,840 | |
| Cleveland-Cliffs, Inc.: | |||
| 7.375%, 5/1/33(1) | 1,325 | 1,325,284 | |
| 7.50%, 9/15/31(1) | 1,610 | 1,630,742 | |
| 7.625%, 1/15/34(1) | 775 | 774,539 | |
| Commercial Metals Co.: | |||
| 5.75%, 11/15/33(1) | 745 | 741,005 | |
| 6.00%, 12/15/35(1) | 745 | 743,470 | |
| TMS International Corp., 6.25%, 4/15/29(1) | 1,365 | 1,366,897 | |
| $ 6,902,777 | |||
| Technology — 0.1% | |||
| Brightstar Lottery PLC, 5.25%, 1/15/29(1) | 1,421 | $ 1,417,035 | |
| $ 1,417,035 | |||
| Telecommunications — 2.5% | |||
| APLD ComputeCo 2 LLC, 6.75%, 3/15/31(1) | 1,815 | $ 1,822,810 | |
| APLD ComputeCo 3 LLC, 7.00%, 6/15/31(1) | 1,130 | 1,129,096 | |
| APLD ComputeCo LLC, 9.25%, 12/15/30(1) | 885 | 955,229 | |
| Black Pearl Compute LLC, 6.125%, 2/15/31(1) | 910 | 922,799 | |
| British Telecommunications Ltd., 6.375% to 9/3/30, 12/3/55(16)(18) | GBP | 460 | 617,591 |
| Ciena Corp., 4.00%, 1/31/30(1) | 1,079 | 1,030,536 | |
| Cipher Compute LLC, 7.125%, 11/15/30(1) | 815 | 848,230 | |
| Core Scientific Finance I LLC, 7.75%, 5/15/31(1) | 1,179 | 1,196,450 | |
| EchoStar Corp., 10.75%, 11/30/29 | 1,790 | 1,935,347 | |
| Eutelsat SA, 1.50%, 10/13/28(16) | EUR | 500 | 551,610 |
| Fibercop SpA: | |||
| 5.125%, 6/30/32(16) | EUR | 430 | 505,767 |
| 5.25%, 3/17/55 | EUR | 100 | 98,793 |
| 7.20%, 7/18/36(1) | 235 | 241,568 | |
| Iliad Holding SAS: | |||
| 5.375%, 4/15/30(16) | EUR | 100 | 117,411 |
| 5.625%, 10/15/28(16) | EUR | 100 | 115,039 |
| 6.875%, 4/15/31(16) | EUR | 200 | 241,262 |
| 7.00%, 4/15/32(1) | 915 | 933,672 | |
| 8.50%, 4/15/31(1) | 720 | 763,218 | |
| Level 3 Financing, Inc., 7.00%, 3/31/34(1) | 491 | 506,455 | |
| Maticmind SpA, 7.541%, 12/31/32(2)(16) | EUR | 265 | 269,689 |
| NJJ Continental SA, 3.875%, 10/15/30(16) | EUR | 270 | 307,905 |
| Odido Group Holding BV, 5.50%, 1/15/30(16) | EUR | 345 | 397,729 |
| Sable International Finance Ltd., 7.125%, 10/15/32(1) | 822 | 816,825 | |
| Stagwell Global LLC, 5.625%, 8/15/29(1) | 1,056 | 1,019,294 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Telecommunications (continued) | |||
| Telecommunications Co. Telekom Srbija AD Belgrade, 6.75%, 5/18/33(16) | EUR | 100 | $ 117,459 |
| Telefonica Europe BV, 2.88% to 2/24/28(16)(18)(21) | EUR | 200 | 225,021 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC: | |||
| 8.625%, 6/15/32(1) | 1,144 | 1,194,405 | |
| 8.625%, 6/15/32(1) | 710 | 741,283 | |
| Uniti Services LLC, 7.50%, 10/15/33(1) | 2,842 | 2,992,774 | |
| Vmed O2 U.K. Financing I PLC, 4.75%, 7/15/31(1) | 1,830 | 1,505,347 | |
| Vodafone Group PLC, 8.00% to 5/30/31, 8/30/86(16)(18) | GBP | 400 | 574,754 |
| Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, 10/1/31(1) | 492 | 519,104 | |
| WULF Compute LLC, 7.75%, 10/15/30(1) | 597 | 627,425 | |
| Zegona Finance PLC: | |||
| 4.25%, 1/15/32(16)(19) | EUR | 100 | 114,769 |
| 6.75%, 7/15/29(16) | EUR | 305 | 361,382 |
| 8.625%, 7/15/29(1) | 2,674 | 2,793,151 | |
| $ 29,111,199 | |||
| Trading Companies & Distributors — 0.0%† | |||
| Core & Main LP, 6.00%, 7/1/34(1)(19) | 350 | $ 352,007 | |
| $ 352,007 | |||
| Transportation — 0.5% | |||
| Edge Finco PLC, 8.125%, 8/15/31(16) | GBP | 800 | $ 1,113,273 |
| InPost SA, 4.00%, 4/1/31(16) | EUR | 220 | 249,307 |
| Ocado Group PLC, 11.00%, 6/15/30(16) | GBP | 100 | 140,089 |
| Seaspan Corp., 5.50%, 8/1/29(1) | 1,911 | 1,876,360 | |
| Stonepeak Nile Parent LLC, 7.25%, 3/15/32(1) | 697 | 722,298 | |
| Watco Cos. LLC/Watco Finance Corp., 7.125%, 8/1/32(1) | 1,363 | 1,400,436 | |
| $ 5,501,763 | |||
| Utilities — 1.4% | |||
| Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29(1) | 838 | $ 800,757 | |
| NRG Energy, Inc.: | |||
| 3.625%, 2/15/31(1) | 1,107 | 1,028,479 | |
| 3.875%, 2/15/32(1) | 1,466 | 1,348,605 | |
| 5.25%, 6/15/29(1) | 673 | 671,580 | |
| 5.75%, 1/15/34(1) | 1,842 | 1,828,584 | |
| 5.875%, 5/15/34(1) | 265 | 263,733 | |
| 6.00%, 2/1/33(1) | 1,190 | 1,196,813 | |
| 6.00%, 1/15/36(1) | 1,445 | 1,441,213 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Utilities (continued) | |||
| NRG Energy, Inc.: (continued) | |||
| 6.125%, 5/15/36(1) | 1,160 | $ 1,161,036 | |
| 6.25%, 11/1/34(1) | 795 | 805,306 | |
| 10.25% to 3/15/28(1)(18)(21) | 1,753 | 1,896,672 | |
| TerraForm Power Operating LLC, 5.00%, 1/31/28(1) | 1,497 | 1,488,492 | |
| Vistra Operations Co. LLC: | |||
| 4.375%, 5/1/29(1) | 939 | 922,929 | |
| 5.00%, 7/31/27(1) | 1,698 | 1,697,475 | |
| $ 16,551,674 | |||
| Total Corporate Bonds (identified cost $562,035,165) | $ 561,440,511 | ||
| Government National Mortgage Association Participation Agreements — 0.6% |
| Security | Principal Amount (000's omitted) | Value | |
| Government National Mortgage Association Participation Agreements, 7.767%, 9/10/27(22) | $ | 7,563 | $ 7,623,693 |
| Total Government National Mortgage Association Participation Agreements (identified cost $7,562,647) | $ 7,623,693 | ||
| Preferred Stocks — 0.1% |
| Security | Shares | Value | |
| Beverages — 0.0%† | |||
| City Brewing Topco LLC(10)(13)(14) | 66,096 | $ 347,004 | |
| $ 347,004 | |||
| Software and Services — 0.0%† | |||
| Blackboard LLC, Series A(10)(13)(14) | 11,615 | $ 212,903 | |
| $ 212,903 | |||
| Technology — 0.1% | |||
| Cohesity Global, Inc.: | |||
| Series G(13) | 10,002 | $ 215,043 | |
| Series G1(13) | 6,910 | 140,791 | |
| $ 355,834 | |||
| Total Preferred Stocks (identified cost $1,144,306) | $ 915,741 | ||
| Senior Floating-Rate Loans — 33.2%(23) |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Aerospace and Defense — 0.8% | |||
| Aernnova Aerospace SAU, Term Loan, 6.103%, (3 mo. EURIBOR + 4.00%), 2/27/30 | EUR | 1,000 | $ 1,150,815 |
| Air Comm Corporation LLC: | |||
| Term Loan, 6.196%, (3 mo. USD Term SOFR + 2.50%), 12/11/31 | 1,456 | 1,458,852 | |
| Term Loan, 12/11/31(24) | 51 | 50,929 | |
| HDI Aerospace Intermediate Holding III Corp., Term Loan, 6.924%, (3 mo. USD Term SOFR + 3.25%), 2/11/32 | 642 | 644,285 | |
| TransDigm, Inc.: | |||
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 3/22/30 | 1,300 | 1,301,546 | |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 2/28/31 | 2,988 | 2,991,907 | |
| VistaJet Malta Finance PLC, Term Loan, 7.442%, (3 mo. USD Term SOFR + 3.75%), 4/1/31 | 1,355 | 1,362,489 | |
| $ 8,960,823 | |||
| Air Freight & Logistics — 0.0%† | |||
| Edge Finco PLC, Term Loan, 5.195%, (3 mo. EURIBOR + 3.00%), 8/22/31 | EUR | 500 | $ 577,133 |
| $ 577,133 | |||
| Airlines — 0.0%† | |||
| American Airlines, Inc., Term Loan, 5.925%, (3 mo. USD Term SOFR + 2.25%), 4/20/28 | 299 | $ 299,315 | |
| $ 299,315 | |||
| Apparel & Luxury Goods — 0.1% | |||
| Gloves Buyer, Inc., Term Loan, 7.644%, (1 mo. USD Term SOFR + 4.00%), 5/21/32 | 1,364 | $ 1,369,921 | |
| $ 1,369,921 | |||
| Auto Components — 0.6% | |||
| Adient U.S. LLC, Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 1/31/31 | 543 | $ 542,841 | |
| Autokiniton U.S. Holdings, Inc., Term Loan, 7.758%, (1 mo. USD Term SOFR + 4.00%), 4/6/28 | 499 | 498,220 | |
| Clarios Global LP: | |||
| Term Loan, 4.929%, (1 mo. EURIBOR + 2.75%), 1/28/32 | EUR | 913 | 1,048,579 |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 5/6/30 | 2,097 | 2,101,782 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Auto Components (continued) | |||
| DexKo Global, Inc.: | |||
| Term Loan, 6.90%, (3 mo. EURIBOR + 4.75%), 10/6/31 | EUR | 523 | $ 588,734 |
| Term Loan, 6.90%, (3 mo. EURIBOR + 4.75%), 10/6/31 | EUR | 356 | 400,887 |
| Term Loan, 8.163%, (3 mo. USD Term SOFR + 4.50%), 10/6/31 | 820 | 796,301 | |
| RealTruck Group, Inc.: | |||
| Term Loan, 9.386%, (3 mo. USD Term SOFR + 5.75%), 1/31/31 | 150 | 153,648 | |
| Term Loan, 9.898%, (3 mo. USD Term SOFR + 6.00%), 1/31/31 | 662 | 417,162 | |
| $ 6,548,154 | |||
| Automobiles — 0.1% | |||
| MajorDrive Holdings IV LLC, Term Loan, 9.382%, (3 mo. USD Term SOFR + 5.50%), 6/1/29 | 721 | $ 692,780 | |
| $ 692,780 | |||
| Beverages — 0.0%† | |||
| City Brewing Co. LLC, Term Loan, 10.666%, (3 mo. USD Term SOFR + 7.00%), 9/30/30 | 127 | $ 19,115 | |
| Primo Brands Corp., Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 3/31/31 | 249 | 250,800 | |
| $ 269,915 | |||
| Biotechnology — 0.4% | |||
| Alkermes, Inc., Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 8/12/31 | 574 | $ 576,431 | |
| Alltech, Inc., Term Loan, 8.008%, (1 mo. USD Term SOFR + 4.25%), 8/13/30 | 1,321 | 1,323,900 | |
| Grifols Worldwide Operations USA, Inc.: | |||
| Term Loan, 5.198%, (3 mo. EURIBOR + 3.00%), 4/14/33 | EUR | 750 | 864,984 |
| Term Loan, 6.187%, (6 mo. USD Term SOFR + 2.50%), 4/14/33 | 1,496 | 1,501,771 | |
| $ 4,267,086 | |||
| Broadline Retail — 0.4% | |||
| Peer Holding III BV: | |||
| Term Loan, 5.041%, (3 mo. EURIBOR + 2.75%), 11/26/31 | EUR | 1,500 | $ 1,721,218 |
| Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 10/28/30 | 1,075 | 1,078,745 | |
| Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 7/1/31 | 1,404 | 1,408,187 | |
| $ 4,208,150 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Building Products — 0.1% | |||
| ADI Global Distribution Funding LLC, Term Loan, 6/17/33(25) | 250 | $ 250,938 | |
| Gibraltar Industries, Inc., Term Loan, 5.869% - 5.875%, (1 mo. USD Term SOFR + 2.25%), 2/2/33 | 438 | 438,187 | |
| $ 689,125 | |||
| Capital Markets — 1.1% | |||
| Apex Group Treasury LLC, Term Loan, 7.153%, (3 mo. USD Term SOFR + 3.50%), 2/27/32 | 448 | $ 425,754 | |
| Aretec Group, Inc., Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 8/9/30 | 781 | 780,685 | |
| Athena Holdco SAS, Term Loan, 5.041%, (3 mo. EURIBOR + 2.75%), 4/14/31 | EUR | 1,000 | 1,142,794 |
| Citco Funding LLC, Term Loan, 5.663%, (3 mo. USD Term SOFR + 2.00%), 1/30/33 | 572 | 571,104 | |
| EIG Management Co. LLC, Term Loan, 8.644%, (1 mo. USD Term SOFR + 5.00%), 5/17/29 | 371 | 368,763 | |
| Focus Financial Partners LLC, Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 9/15/31 | 2,735 | 2,675,006 | |
| Franklin Square Holdings LP, Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 4/25/31 | 1,005 | 931,046 | |
| HighTower Holdings LLC, Term Loan, 6.408%, (3 mo. USD Term SOFR + 2.75%), 2/3/32 | 996 | 990,936 | |
| Jupiter Borrower, Inc., Term Loan, 3/25/33(25) | 1,500 | 1,500,630 | |
| Kestra Advisor Services Holdings A, Inc., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 3/22/31 | 839 | 832,430 | |
| Mariner Wealth Advisors LLC , Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 12/31/30 | 963 | 964,169 | |
| Orion Advisor Solutions, Inc., Term Loan, 6.413%, (3 mo. USD Term SOFR + 2.75%), 9/24/30 | 789 | 783,099 | |
| Orion U.S. Finco, Inc., Term Loan, 7.169%, (3 mo. USD Term SOFR + 3.50%), 10/8/32 | 723 | 724,446 | |
| Saphilux SARL, Term Loan, 5.992%, (6 mo. EURIBOR + 3.50%), 7/18/28 | EUR | 500 | 577,401 |
| $ 13,268,263 | |||
| Chemicals — 0.7% | |||
| AAP Buyer, Inc., Term Loan, 6.413%, (3 mo. USD Term SOFR + 2.75%), 9/9/31 | 468 | $ 470,018 | |
| BASF Coatings, Term Loan, 5/6/33(25) | 700 | 703,062 | |
| CP Iris HoldCo I, Inc.: | |||
| Term Loan, 7.644%, (1 mo. USD Term SOFR + 4.00%), 10/27/32 | 363 | 347,641 | |
| Term Loan, 10/27/32(24) | 11 | 10,248 | |
| Discovery Purchaser Corp., Term Loan, 7.414%, (3 mo. USD Term SOFR + 3.75%), 10/4/29 | 690 | 688,008 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Chemicals (continued) | |||
| INEOS U.S. Finance LLC, Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 2/7/31 | 793 | $ 706,779 | |
| Minerals Technologies, Inc., Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 11/26/31 | 517 | 518,418 | |
| Nouryon Finance BV, Term Loan, 7/3/31(25) | 450 | 450,657 | |
| Olympus Water U.S. Holding Corp., Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 6/20/31 | 2,016 | 2,015,169 | |
| SCUR-Alpha 1503 GmbH, Term Loan, 9.163%, (3 mo. USD Term SOFR + 5.50%), 3/29/30 | 895 | 782,024 | |
| Tronox Finance LLC: | |||
| Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 4/4/29 | 468 | 396,204 | |
| Term Loan, 6.144% - 6.232%, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 9/30/31 | 971 | 796,870 | |
| W.R. Grace & Co.-Conn., Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 8/19/32 | 645 | 644,048 | |
| $ 8,529,146 | |||
| Commercial Services & Supplies — 1.7% | |||
| Albion Financing 3 SARL, Term Loan, 6.632%, (3 mo. USD Term SOFR + 3.00%), 5/21/31 | 1,772 | $ 1,778,219 | |
| American Auto Auction Group LLC, Term Loan, 8.232%, (3 mo. USD Term SOFR + 4.50%), 5/28/32 | 199 | 199,646 | |
| Anticimex International AB, Term Loan, 5.379%, (3 mo. EURIBOR + 3.15%), 11/16/28 | EUR | 1,000 | 1,153,946 |
| Befesa SA, Term Loan, 4.15%, (3 mo. EURIBOR + 2.00%), 7/9/29 | EUR | 1,000 | 1,155,214 |
| Belfor Holdings, Inc.: | |||
| Term Loan, 5.679%, (1 mo. EURIBOR + 3.50%), 11/1/30 | EUR | 1,000 | 1,156,882 |
| Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 11/1/30 | 539 | 537,879 | |
| EnergySolutions LLC, Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 9/20/30 | 1,960 | 1,968,695 | |
| Foundever Group: | |||
| Term Loan, 6.05%, (3 mo. EURIBOR + 3.75%), 8/28/28 | EUR | 500 | 327,783 |
| Term Loan, 7.744%, (3 mo. USD Term SOFR + 3.75%), 8/28/28 | 1,810 | 918,448 | |
| Gategroup Fin Luxembourg SA, Term Loan, 7.192%, (3 mo. USD Term SOFR + 3.50%), 6/10/32 | 596 | 598,857 | |
| GFL Environmental, Inc., Term Loan, 6.156%, (3 mo. USD Term SOFR + 2.50%), 3/3/32 | 1,529 | 1,530,637 | |
| Harsco Corp., Term Loan, 6.008%, (1 mo. USD Term SOFR + 2.25%), 6/9/28 | 200 | 199,394 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Commercial Services & Supplies (continued) | |||
| Heritage Environmental Services, Inc., Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 4/1/33 | 650 | $ 654,062 | |
| Heritage-Crystal Clean, Inc., Term Loan, 6.642%, (3 mo. USD Term SOFR + 3.00%), 10/17/30 | 683 | 685,913 | |
| LSF12 Crown U.S. Commercial Bidco LLC, Term Loan, 6.621%, (1 mo. USD Term SOFR + 3.00%), 12/2/31 | 1,857 | 1,863,357 | |
| MV Holding GmbH: | |||
| Term Loan, 4.179%, (1 mo. EURIBOR + 2.00%), 3/17/32 | EUR | 1,500 | 1,728,091 |
| Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 3/17/32 | 594 | 594,952 | |
| Prime Security Services Borrower LLC, Term Loan, 5.619%, (1 mo. USD Term SOFR + 2.00%), 10/13/30 | 838 | 833,594 | |
| Reworld Holding Corp.: | |||
| Term Loan, 5.889%, (1 mo. USD Term SOFR + 2.25%), 1/15/31 | 1,051 | 1,052,159 | |
| Term Loan, 5.889%, (1 mo. USD Term SOFR + 2.25%), 1/15/31 | 171 | 171,404 | |
| Tidal Waste & Recycling Holdings LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 10/24/31 | 716 | 717,580 | |
| $ 19,826,712 | |||
| Construction Materials — 0.4% | |||
| Quikrete Holdings, Inc.: | |||
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 3/19/29 | 2,084 | $ 2,086,844 | |
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 4/14/31 | 1,295 | 1,295,617 | |
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 2/10/32 | 1,331 | 1,331,692 | |
| $ 4,714,153 | |||
| Consumer Staples Distribution & Retail — 0.2% | |||
| Boots Group Bidco Ltd.: | |||
| Term Loan, 5.63%, (3 mo. EURIBOR + 3.25%), 8/30/32 | EUR | 1,000 | $ 1,154,323 |
| Term Loan, 6.921%, (3 mo. USD Term SOFR + 3.25%), 8/30/32 | 1,592 | 1,599,626 | |
| $ 2,753,949 | |||
| Containers & Packaging — 0.7% | |||
| Altium Packaging LLC, Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 6/11/31 | 490 | $ 477,505 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Containers & Packaging (continued) | |||
| Berlin Packaging LLC, Term Loan, 6.932% - 6.982%, (3 mo. USD Term SOFR + 3.25%), 6/7/31 | 1,201 | $ 1,196,104 | |
| Clydesdale Acquisition Holdings, Inc., Term Loan, 6.819%, (1 mo. USD Term SOFR + 3.18%), 4/13/29 | 468 | 460,156 | |
| Pregis TopCo Corp., Term Loan, 7.394%, (1 mo. USD Term SOFR + 3.75%), 2/1/29 | 608 | 610,619 | |
| Proampac PG Borrower LLC: | |||
| Term Loan, 6.311%, (3 mo. EURIBOR + 4.00%), 3/7/33 | EUR | 1,000 | 1,151,649 |
| Term Loan, 7.652% - 7.666%, (1 mo. USD Term SOFR + 4.00%, 3 mo. USD Term SOFR + 4.00%), 3/7/33 | 1,775 | 1,748,375 | |
| Sword Purchaser LLC, Term Loan, 7.644%, (1 mo. USD Term SOFR + 4.00%), 4/11/33 | 2,025 | 1,978,648 | |
| Trivium Packaging BV, Term Loan, 5.92%, (3 mo. EURIBOR + 3.75%), 5/28/30 | EUR | 500 | 575,299 |
| $ 8,198,355 | |||
| Distributors — 0.2% | |||
| Parts Europe SA, Term Loan, 4.563%, (1 mo. EURIBOR + 2.50%), 2/6/31 | EUR | 1,500 | $ 1,725,152 |
| Phillips Feed Service, Inc., Term Loan, 14.00%, (1 mo. USD Term SOFR + 10.00%), 4/13/33(10) | 107 | 65,051 | |
| Rubix Group Midco 3 Ltd., Term Loan, 5.734%, (3 mo. EURIBOR + 3.50%), 9/30/31 | EUR | 1,000 | 1,146,650 |
| $ 2,936,853 | |||
| Diversified Consumer Services — 0.5% | |||
| Amber Finco PLC, Term Loan, 5.541%, (3 mo. EURIBOR + 3.25%), 6/12/29 | EUR | 1,100 | $ 1,269,215 |
| Ascend Learning LLC, Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 12/11/28 | 623 | 608,439 | |
| Fugue Finance BV, Term Loan, 4.979%, (3 mo. EURIBOR + 2.75%), 1/9/32 | EUR | 1,000 | 1,144,268 |
| Lernen Bidco Ltd., Term Loan, 7.01%, (6 mo. USD Term SOFR + 3.50%), 10/27/31 | 542 | 534,352 | |
| Spring Education Group, Inc., Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 10/4/30 | 1,326 | 1,325,064 | |
| Wand NewCo 3, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 1/30/31 | 996 | 996,057 | |
| $ 5,877,395 | |||
| Diversified Telecommunication Services — 0.4% | |||
| Altice France SA, Term Loan, 10.548%, (3 mo. USD Term SOFR + 6.88%), 5/31/31 | 799 | $ 817,029 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Diversified Telecommunication Services (continued) | |||
| Eircom Finco SARL, Term Loan, 4.813%, (1 mo. EURIBOR + 2.75%), 5/15/32 | EUR | 1,786 | $ 2,045,771 |
| Virgin Media Bristol LLC, Term Loan, 6.99%, (1 mo. USD Term SOFR + 3.25%), 1/31/29 | 1,150 | 1,104,788 | |
| VMED O2 U.K. Holdco 4 Ltd., Term Loan, 5.379%, (1 mo. EURIBOR + 3.25%), 1/31/33 | EUR | 600 | 614,310 |
| $ 4,581,898 | |||
| Electric Utilities — 0.2% | |||
| MRP Buyer LLC, Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 6/4/32 | 2,134 | $ 2,143,695 | |
| $ 2,143,695 | |||
| Electrical Equipment — 0.6% | |||
| Belden, Inc., Term Loan, 6/10/33(25) | 775 | $ 776,937 | |
| Dynamo Newco II GmbH, Term Loan, 5.429%, (1 mo. EURIBOR + 3.25%), 10/1/31 | EUR | 500 | 545,949 |
| Finco Utilitas BV, Term Loan, 5.442%, (6 mo. EURIBOR + 2.95%), 9/27/30 | EUR | 175 | 201,330 |
| Kohler Energy Co. LLC: | |||
| Term Loan, 5.791%, (3 mo. EURIBOR + 3.50%), 5/1/31 | EUR | 1,500 | 1,723,181 |
| Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 5/1/31 | 2,084 | 2,089,649 | |
| Nvent Electric PLC, Term Loan, 6.371%, (1 mo. USD Term SOFR + 2.75%), 1/30/32 | 1,117 | 1,120,839 | |
| PMI (U.S) Bidco, Inc.: | |||
| Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 3/16/33 | 582 | 585,900 | |
| Term Loan, 3/16/33(24) | 93 | 93,744 | |
| SGB-SMIT Midco GmbH, Term Loan, 5.929%, (1 mo. EURIBOR + 3.75%), 3/10/33 | EUR | 150 | 173,238 |
| $ 7,310,767 | |||
| Electronic Equipment, Instruments & Components — 0.7% | |||
| Chamberlain Group, Inc., Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 9/8/32 | 2,753 | $ 2,758,182 | |
| Creation Technologies, Inc., Term Loan, 9.439%, (3 mo. USD Term SOFR + 5.50%), 10/5/28 | 936 | 933,080 | |
| Range Red Operating, Inc.: | |||
| Term Loan, 11.764%, (3 mo. USD Term SOFR + 8.00%), 10/1/29(10) | 188 | 150,346 | |
| Term Loan - Second Lien, 11.764%, (3 mo. USD Term SOFR + 8.00%), 10/1/29(10) | 788 | 630,680 | |
| Spectris PLC: | |||
| Term Loan, 5.541%, (3 mo. EURIBOR + 3.25%), 12/6/32 | EUR | 1,000 | 1,151,787 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Electronic Equipment, Instruments & Components (continued) | |||
| Spectris PLC: (continued) | |||
| Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 12/6/32 | 398 | $ 400,320 | |
| Talbot Participation SAS, Term Loan, 5.291%, (3 mo. EURIBOR + 3.00%), 7/7/32 | EUR | 1,000 | 1,150,598 |
| Verifone Systems, Inc., Term Loan, 9.425%, (3 mo. USD Term SOFR + 5.50%), 8/18/28 | 554 | 525,801 | |
| $ 7,700,794 | |||
| Energy Equipment & Services — 0.3% | |||
| New Generation Gas Gathering LLC, Term Loan, 8.913%, (3 mo. USD Term SOFR + 5.25%), 9/30/29 | 2,261 | $ 2,204,704 | |
| PG Investment Co. 59 SARL, Term Loan, 5.732%, (3 mo. USD Term SOFR + 2.00%), 3/26/31 | 1,905 | 1,906,461 | |
| $ 4,111,165 | |||
| Engineering & Construction — 0.7% | |||
| American Residential Services LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 2/2/32 | 621 | $ 624,021 | |
| Artera Services LLC, Term Loan, 8.144%, (1 mo. USD Term SOFR + 4.50%), 2/15/31 | 415 | 368,580 | |
| Azuria Water Solutions, Inc.: | |||
| Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 4/25/33 | 1,517 | 1,516,276 | |
| Term Loan, 4/25/33(24) | 158 | 157,535 | |
| Brand Industrial Services, Inc., Term Loan, 8/1/30(25) | 500 | 393,927 | |
| Construction Partners, Inc., Term Loan, 5.637%, (1 mo. USD Term SOFR + 2.00%), 11/3/31 | 667 | 668,111 | |
| Green Infrastructure Partners, Inc., Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 9/24/32 | 923 | 923,841 | |
| Holding Socotec, Term Loan, 5.291%, (3 mo. EURIBOR + 3.00%), 6/2/31 | EUR | 1,000 | 1,150,547 |
| New Arclin U.S. Holding Corp., Term Loan, 8.121%, (1 mo. USD Term SOFR + 4.50%), 4/1/33 | 450 | 413,759 | |
| Northstar Group Services, Inc., Term Loan, 8.413%, (3 mo. USD Term SOFR + 4.75%), 5/31/30 | 1,693 | 1,700,322 | |
| Trilon Group LLC: | |||
| Term Loan, 7.124%, (3 mo. USD Term SOFR + 3.50%), 6/10/33 | 735 | 735,612 | |
| Term Loan, 6/10/33(24) | 65 | 65,388 | |
| $ 8,717,919 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Entertainment — 0.9% | |||
| City Football Group Ltd., Term Loan, 6.925%, (3 mo. USD Term SOFR + 3.00%), 7/22/30 | 1,317 | $ 1,315,365 | |
| Discovery Global Holdings, Inc.: | |||
| Term Loan, 4.679%, (1 mo. EURIBOR + 2.50%), 6/3/33 | EUR | 1,500 | 1,719,042 |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 6/3/33 | 2,256 | 2,259,198 | |
| Electronic Arts, Inc., Term Loan, 3/24/33(25) | 1,450 | 1,455,206 | |
| MotoGP Sports Entertainment Group SL, Term Loan, 4.871%, (6 mo. EURIBOR + 2.25%), 8/18/32 | EUR | 1,500 | 1,723,969 |
| Pretzel Parent, Inc., Term Loan, 8.144%, (1 mo. USD Term SOFR + 4.50%), 10/1/31 | 689 | 659,039 | |
| Varsity Brands, Inc., Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 8/26/31 | 1,244 | 1,246,963 | |
| $ 10,378,782 | |||
| Financial Services — 0.6% | |||
| CPI Holdco B LLC, Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 5/19/31 | 1,204 | $ 1,200,301 | |
| NCR Atleos LLC, Term Loan, 6.668%, (3 mo. USD Term SOFR + 3.00%), 4/16/29 | 541 | 541,550 | |
| Nuvei Corp., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 11/17/31 | 518 | 506,314 | |
| Planet U.S. Buyer LLC, Term Loan, 6.656%, (3 mo. USD Term SOFR + 3.00%), 2/7/31 | 1,176 | 1,181,792 | |
| Synechron, Inc., Term Loan, 7.482%, (3 mo. USD Term SOFR + 3.75%), 10/3/31 | 1,087 | 1,020,314 | |
| TMF Group Holding BV: | |||
| Term Loan, 5.207%, (3 mo. EURIBOR + 3.25%), 5/30/33 | EUR | 1,000 | 1,143,245 |
| Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 5/30/33 | 366 | 367,074 | |
| Walker & Dunlop, Inc., Term Loan, 5.652%, (1 mo. USD Term SOFR + 2.00%), 3/14/32 | 716 | 714,148 | |
| $ 6,674,738 | |||
| Food Products — 1.4% | |||
| CHG PPC Parent LLC: | |||
| Term Loan, 5.679%, (1 mo. EURIBOR + 3.50%), 12/8/28 | EUR | 2,000 | $ 2,311,628 |
| Term Loan, 6.758%, (1 mo. USD Term SOFR + 3.00%), 12/8/28 | 455 | 456,316 | |
| Del Monte Foods, Inc.: | |||
| Term Loan, 0.00%, 8/2/28(10)(20) | 62 | 0 | |
| Term Loan, 0.00%, 8/2/28(10)(20) | 55 | 33,519 | |
| Term Loan, 13.244%, (1 mo. USD Term SOFR + 9.50%), 6/30/26(10) | 203 | 123,018 | |
| Term Loan - Second Lien, 0.00%, 8/2/28(10)(20) | 439 | 0 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Food Products (continued) | |||
| Froneri Lux Finco SARL: | |||
| Term Loan, 4.899%, (6 mo. EURIBOR + 2.75%), 9/30/31 | EUR | 1,275 | $ 1,451,286 |
| Term Loan, 5.149%, (6 mo. EURIBOR + 3.00%), 9/30/32 | EUR | 1,000 | 1,138,824 |
| Term Loan, 6.127%, (6 mo. USD Term SOFR + 2.50%), 9/30/32 | 846 | 840,921 | |
| Golden State Food LLC, Term Loan, 7.232%, (3 mo. USD Term SOFR + 3.50%), 12/4/31 | 747 | 749,008 | |
| Monogram Food Solutions LLC, Term Loan, 7.258%, (1 mo. USD Term SOFR + 3.50%), 8/28/28 | 525 | 525,907 | |
| Newly Weds Foods, Inc., Term Loan, 5.902%, (1 mo. USD Term SOFR + 2.25%), 3/15/32 | 1,188 | 1,190,471 | |
| Nomad Foods Europe Midco Ltd., Term Loan, 5.022%, (6 mo. EURIBOR + 2.50%), 10/28/32 | EUR | 3,000 | 3,438,204 |
| Pegasus BidCo BV, Term Loan, 5.039%, (3 mo. EURIBOR + 2.75%), 7/12/32 | EUR | 940 | 1,079,812 |
| PFI Lower Midco LLC, Term Loan, 7.644%, (1 mo. USD Term SOFR + 4.00%), 12/1/32 | 572 | 576,774 | |
| Treehouse Foods, Inc., Term Loan, 7.894%, (1 mo. USD Term SOFR + 4.25%), 2/11/33 | 875 | 878,679 | |
| United Petfood Finance BV, Term Loan, 4.399%, (6 mo. EURIBOR + 2.25%), 2/26/32 | EUR | 750 | 862,961 |
| Valeo F1 Co. Ltd. (Ireland), Term Loan, 6.504%, (6 mo. EURIBOR + 4.00%), 9/30/31 | EUR | 500 | 568,952 |
| $ 16,226,280 | |||
| Ground Transportation — 0.1% | |||
| Student Transportation of America Holdings, Inc., Term Loan, 6.424%, (3 mo. USD Term SOFR + 2.75%), 6/24/32 | 891 | $ 895,372 | |
| $ 895,372 | |||
| Health Care Equipment & Supplies — 0.4% | |||
| Bausch & Lomb Corp., Term Loan, 7.394%, (1 mo. USD Term SOFR + 3.75%), 1/15/31 | 1,020 | $ 1,023,572 | |
| Hologic, Inc.: | |||
| Term Loan, 5.053%, (3 mo. EURIBOR + 2.75%), 4/7/33 | EUR | 1,000 | 1,145,565 |
| Term Loan, 5.995%, (3 mo. USD Term SOFR + 2.25%), 4/7/33 | 1,150 | 1,126,764 | |
| Mckesson Medical-Surgical Top Holdings, Inc., Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 6/9/32 | 1,700 | 1,702,482 | |
| $ 4,998,383 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Health Care Providers & Services — 2.0% | |||
| AEA International Holdings (Lux) SARL, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 9/7/28 | 1,027 | $ 1,029,836 | |
| CNT Holdings I Corp., Term Loan, 6.163%, (3 mo. USD Term SOFR + 2.50%), 11/8/32 | 666 | 666,863 | |
| Ensemble RCM LLC, Term Loan, 6.663%, (3 mo. USD Term SOFR + 3.00%), 2/9/33 | 975 | 972,319 | |
| ExamWorks BidCo, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 2/6/33 | 1,072 | 1,074,285 | |
| Hanger, Inc.: | |||
| Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 10/23/31 | 1,159 | 1,164,779 | |
| Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 10/23/31(24) | 150 | 151,039 | |
| Heartland Dental LLC, Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 8/25/32 | 668 | 669,503 | |
| IVC Acquisition Ltd.: | |||
| Term Loan, 7.482%, (3 mo. USD Term SOFR + 3.75%), 12/12/28 | 999 | 993,601 | |
| Term Loan, 8.849%, (3 mo. GBP SONIA + 5.00%), 12/12/28 | GBP | 1,000 | 1,331,875 |
| MDVIP, Inc., Term Loan, 6.402%, (1 mo. USD Term SOFR + 2.75%), 10/14/31 | 470 | 471,256 | |
| Medical Solutions Holdings, Inc.: | |||
| Term Loan, 7.296%, (3 mo. USD Term SOFR + 3.50%), 11/1/30 | 604 | 153,964 | |
| Term Loan, 11/1/30(25) | 259 | 197,589 | |
| Mehilainen Yhtiot OYJ, Term Loan, 5.191%, (3 mo. EURIBOR + 3.00%), 8/5/31 | EUR | 1,000 | 1,150,964 |
| Midwest Physician Administrative Services LLC, Term Loan, 6.758%, (1 mo. USD Term SOFR + 3.00%), 3/12/28 | 1,289 | 1,283,439 | |
| National Mentor Holdings, Inc., Term Loan, 9.644%, (1 mo. USD Term SOFR + 6.00%), 12/12/30 | 1,533 | 1,547,323 | |
| Pacific Dental Services LLC, Term Loan, 5.889%, (1 mo. USD Term SOFR + 2.25%), 3/15/31 | 1,176 | 1,177,346 | |
| Phoenix Guarantor, Inc., Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 2/21/31 | 1,415 | 1,414,071 | |
| Radnet Management, Inc., Term Loan, 5.661%, (3 mo. USD Term SOFR + 2.00%), 4/18/31 | 885 | 885,263 | |
| Raven Acquisition Holdings LLC: | |||
| Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 11/19/31 | 1,498 | 1,479,796 | |
| Term Loan, 11/19/31(24) | 108 | 107,038 | |
| Reverb Buyer, Inc., Term Loan, 7.196%, (3 mo. USD Term SOFR + 3.50%), 11/1/28 | 1,417 | 1,006,301 | |
| Select Medical Corp.: | |||
| Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 12/3/31 | 960 | 960,774 | |
| Term Loan, 12/31/31(25) | 800 | 804,000 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Health Care Providers & Services (continued) | |||
| Surgery Center Holdings, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 12/19/30 | 921 | $ 923,302 | |
| U.S. Anesthesia Partners, Inc., Term Loan, 7.735%, (1 mo. USD Term SOFR + 4.00%), 10/2/28 | 1,451 | 1,455,208 | |
| $ 23,071,734 | |||
| Health Care Technology — 0.2% | |||
| Imprivata, Inc., Term Loan, 12/3/29(25) | 275 | $ 275,304 | |
| PointClickCare Technologies, Inc., Term Loan, 6.413%, (3 mo. USD Term SOFR + 2.75%), 11/3/31 | 892 | 889,594 | |
| Project Ruby Ultimate Parent Corp., Term Loan, 6.508%, (1 mo. USD Term SOFR + 2.75%), 3/10/28 | 1,001 | 1,000,532 | |
| $ 2,165,430 | |||
| Hotels, Restaurants & Leisure — 1.4% | |||
| Betclic Everest Group: | |||
| Term Loan, 4.734%, (3 mo. EURIBOR + 2.50%), 12/10/31 | EUR | 500 | $ 573,979 |
| Term Loan, 5.234%, (3 mo. EURIBOR + 3.00%), 12/10/31 | EUR | 150 | 172,190 |
| Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 12/10/31 | 1,324 | 1,327,908 | |
| Caesars Entertainment, Inc., Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 2/6/31 | 1,226 | 1,183,061 | |
| Delivery Hero SE, Term Loan, 8.643%, (3 mo. USD Term SOFR + 5.00%), 12/12/29 | 1,319 | 1,328,061 | |
| Fertitta Entertainment LLC, Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 1/27/29 | 1,041 | 1,041,512 | |
| Flugo BidCo AB, Term Loan, 6.041%, (3 mo. EURIBOR + 3.75%), 11/2/31 | EUR | 937 | 1,040,655 |
| Gaia Purchaser, Inc., Term Loan, 6/25/33(25) | 1,450 | 1,451,812 | |
| GVC Holdings (Gibraltar) Ltd., Term Loan, 5.791%, (3 mo. EURIBOR + 3.50%), 6/30/28 | EUR | 1,119 | 1,292,910 |
| Herschend Entertainment Co. LLC, Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 5/27/32 | 396 | 397,139 | |
| Horizon U.S. Finco LP, Term Loan, 8.413%, (3 mo. USD Term SOFR + 4.75%), 10/31/31 | 944 | 887,602 | |
| IRB Holding Corp., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 12/16/30 | 251 | 251,622 | |
| Ontario Gaming GTA LP, Term Loan, 7.982%, (3 mo. USD Term SOFR + 4.25%), 8/1/30 | 1,466 | 1,400,086 | |
| Pioneer Opco LLC, Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 5/16/33 | 700 | 703,563 | |
| Scientific Games Holdings LP, Term Loan, 5.853%, (3 mo. EURIBOR + 3.75%), 4/4/29 | EUR | 1,000 | 1,131,991 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Hotels, Restaurants & Leisure (continued) | |||
| SeaWorld Parks & Entertainment, Inc., Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 12/4/31 | 858 | $ 853,406 | |
| Turquoise Topco Ltd., Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 12/30/32 | 1,097 | 1,078,048 | |
| Voyager Parent LLC, Term Loan, 7.982%, (3 mo. USD Term SOFR + 4.25%), 7/1/32 | 868 | 870,064 | |
| $ 16,985,609 | |||
| Household Durables — 0.9% | |||
| Libbey Glass, Inc., Term Loan, 10.32%, (3 mo. USD Term SOFR + 6.50%), 11/22/27 | 9,171 | $ 7,164,686 | |
| Madison Safety & Flow LLC, Term Loan, 8.25%, (U.S. (Fed) Prime Rate + 1.50%), 9/26/31 | 403 | 403,843 | |
| PHRG Intermediate LLC, Term Loan, 7.732%, (3 mo. USD Term SOFR + 4.00%), 2/20/32 | 941 | 935,797 | |
| Serta Simmons Bedding LLC: | |||
| Term Loan, 11.287%, (3 mo. USD Term SOFR + 7.50%), 6/29/28 | 388 | 388,127 | |
| Term Loan, 11.347%, (3 mo. USD Term SOFR + 7.50%), 6/29/28 | 574 | 541,403 | |
| Somnigroup International, Inc., Term Loan, 5.87%, (1 mo. USD Term SOFR + 2.25%), 10/24/31 | 1,304 | 1,311,667 | |
| $ 10,745,523 | |||
| Independent Power and Renewable Electricity Producers — 0.1% | |||
| Invenergy Thermal Operating I LLC: | |||
| Term Loan, 6.37%, (3 mo. USD Term SOFR + 2.75%), 5/17/32 | 989 | $ 994,170 | |
| Term Loan, 6.37%, (3 mo. USD Term SOFR + 2.75%), 5/17/32 | 64 | 64,661 | |
| $ 1,058,831 | |||
| Industrial Conglomerates — 0.1% | |||
| Ammeraal Beltech Holding BV, Term Loan, 7.291%, (3 mo. EURIBOR + 5.00%), 12/30/28 | EUR | 942 | $ 883,770 |
| $ 883,770 | |||
| Insurance — 1.4% | |||
| Acrisure LLC: | |||
| Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 11/6/30 | 657 | $ 595,652 | |
| Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 6/21/32 | 1,194 | 1,082,632 | |
| Alera Group, Inc., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 5/30/32 | 1,387 | 1,321,789 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Insurance (continued) | |||
| Alliant Holdings Intermediate LLC, Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 9/19/31 | 1,206 | $ 1,191,052 | |
| Broadstreet Partners, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 6/13/31 | 1,128 | 1,092,083 | |
| HUB International Ltd., Term Loan, 5.922%, (3 mo. USD Term SOFR + 2.25%), 6/20/30 | 2,964 | 2,963,823 | |
| IMA Financial Group, Inc., Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 11/1/28 | 963 | 961,352 | |
| Ryan Specialty Group LLC, Term Loan, 5.644%, (1 mo. USD Term SOFR + 2.00%), 9/15/31 | 1,231 | 1,230,480 | |
| Siaci Saint Honore, Term Loan, 7/26/32(25) | EUR | 1,000 | 1,141,886 |
| Trucordia Insurance Holdings LLC, Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 6/17/32 | 1,457 | 1,303,975 | |
| Truist Insurance Holdings LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 5/6/31 | 276 | 269,946 | |
| USI, Inc., Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 11/21/29 | 2,973 | 2,966,860 | |
| $ 16,121,530 | |||
| Interactive Media & Services — 0.1% | |||
| Aragorn Parent Corp., Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 12/16/30 | 935 | $ 938,361 | |
| Foundational Education Group, Inc., Term Loan, 8.175%, (3 mo. USD Term SOFR + 4.25%), 8/31/28 | 525 | 476,665 | |
| $ 1,415,026 | |||
| IT Services — 0.9% | |||
| Ahead DB Holdings LLC, Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 2/3/31 | 623 | $ 614,391 | |
| Asurion LLC: | |||
| Term Loan, 7.413%, (3 mo. USD Term SOFR + 3.75%), 2/23/33 | 979 | 928,728 | |
| Term Loan, 7.913%, (3 mo. USD Term SOFR + 4.25%), 9/19/30 | 2,006 | 1,987,053 | |
| Gainwell Acquisition Corp., Term Loan, 7.832%, (3 mo. USD Term SOFR + 4.00%), 10/1/27 | 1,441 | 1,422,087 | |
| Indy U.S. Bidco LLC, Term Loan, 4.929%, (1 mo. EURIBOR + 2.75%), 10/31/30 | EUR | 500 | 571,014 |
| NAB Holdings LLC, Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 11/23/28 | 1,075 | 1,005,443 | |
| Newfold Digital Holdings Group, Inc., Term Loan, 7.214%, (1 mo. USD Term SOFR + 3.60%), 4/30/29 | 412 | 333,999 | |
| Nielsen Consumer, Inc., Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 10/31/30 | 1,213 | 1,200,622 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| IT Services (continued) | |||
| Plano HoldCo, Inc., Term Loan, 7.232%, (3 mo. USD Term SOFR + 3.50%), 10/2/31 | 593 | $ 468,075 | |
| Sedgwick Claims Management Services, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 7/31/31 | 1,188 | 1,174,723 | |
| Trio Bidco, Inc.: | |||
| Term Loan, 7.732%, (3 mo. USD Term SOFR + 4.00%), 10/29/32 | 384 | 377,569 | |
| Term Loan, 10/29/32(24) | 40 | 39,844 | |
| $ 10,123,548 | |||
| Leisure Products — 0.1% | |||
| Accell Group NV, Term Loan, 5/31/30(25) | EUR | 101 | $ 21,054 |
| Recess Holdings, Inc., Term Loan, 7.417%, (3 mo. USD Term SOFR + 3.75%), 2/20/30 | 1,300 | 1,300,515 | |
| Sprint Holdco BV: | |||
| Term Loan, 5/31/30(25) | EUR | 93 | 1,077 |
| Term Loan - Second Lien, 6/30/31(25) | EUR | 53 | 152 |
| Sprint MidCo BV, Term Loan - Second Lien, 6/30/31(25) | EUR | 62 | 267 |
| $ 1,323,065 | |||
| Life Sciences Tools & Services — 0.2% | |||
| Loire Finco Luxembourg SARL: | |||
| Term Loan, 5.929%, (1 mo. EURIBOR + 3.75%), 1/21/30 | EUR | 1,000 | $ 1,153,409 |
| Term Loan, 7.644%, (1 mo. USD Term SOFR + 4.00%), 1/21/30 | 330 | 331,658 | |
| Normec 1 BV, Term Loan, 5.429%, (1 mo. EURIBOR + 3.25%), 4/16/31 | EUR | 1,000 | 1,148,581 |
| $ 2,633,648 | |||
| Machinery — 2.0% | |||
| AAG U.S. GSI Bidco, Inc., Term Loan, 8.732%, (3 mo. USD Term SOFR + 5.00%), 10/31/31 | 495 | $ 495,619 | |
| Apex Tool Group LLC, Term Loan, 9.644%, (1 mo. USD Term SOFR + 6.00%), 2/8/29 | 68 | 25,930 | |
| Astro Acquisition LLC, Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 8/30/32 | 648 | 650,265 | |
| Bettcher Industries, Inc., Term Loan, 7.732%, (3 mo. USD Term SOFR + 4.00%), 4/15/33 | 400 | 401,500 | |
| BG MS U.S. Holding LLC, Term Loan, 8.482%, (3 mo. USD Term SOFR + 4.75%), 10/22/32 | 798 | 793,013 | |
| Cleanova U.S. Holdings LLC, Term Loan, 8.414%, (3 mo. USD Term SOFR + 4.75%), 6/14/32 | 621 | 612,931 | |
| Columbus McKinnon Corp., Term Loan, 7.232%, (3 mo. USD Term SOFR + 3.50%), 2/3/33 | 682 | 681,980 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Machinery (continued) | |||
| Conair Holdings LLC, Term Loan, 7.508%, (1 mo. USD Term SOFR + 3.75%), 5/17/28 | 906 | $ 787,457 | |
| Cube Industrials Buyer, Inc., Term Loan, 6.669%, (3 mo. USD Term SOFR + 3.00%), 10/17/31 | 618 | 619,059 | |
| Delachaux Group SA, Term Loan, 5.40%, (3 mo. EURIBOR + 3.25%), 4/16/29 | EUR | 922 | 1,065,155 |
| EMRLD Borrower LP: | |||
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 8/4/31 | 1,032 | 1,032,070 | |
| Term Loan, 5.916%, (3 mo. USD Term SOFR + 2.25%), 5/31/30 | 700 | 700,357 | |
| Engineered Machinery Holdings, Inc.: | |||
| Term Loan, 5.791%, (3 mo. EURIBOR + 3.50%), 11/26/32 | EUR | 1,960 | 2,260,021 |
| Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 11/26/32 | 1,796 | 1,807,611 | |
| Filtration Group Corp.: | |||
| Term Loan, 5.679%, (1 mo. EURIBOR + 3.50%), 10/21/28 | EUR | 1,184 | 1,361,743 |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 10/21/28 | 414 | 414,712 | |
| Icebox Holdco III, Inc., Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 12/22/31 | 815 | 818,483 | |
| INNIO Group Holding GmbH, Term Loan, 4.248%, (3 mo. EURIBOR + 2.00%), 11/2/31 | EUR | 578 | 664,151 |
| Jennmar Inter III LLC, Term Loan, 8.732%, (3 mo. USD Term SOFR + 5.00%), 12/16/30 | 857 | 850,810 | |
| LSF12 Helix Parent LLC, Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 2/10/33 | 1,075 | 1,056,859 | |
| Resilience Parent LLC, Term Loan, 6.232%, (3 mo. USD Term SOFR + 2.50%), 2/28/33 | 1,475 | 1,473,414 | |
| Roper Industrial Products Investment Co. LLC: | |||
| Term Loan, 5.179%, (1 mo. EURIBOR + 3.00%), 11/22/29 | EUR | 981 | 1,128,628 |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 11/22/29 | 980 | 980,313 | |
| TK Elevator Midco GmbH: | |||
| Term Loan, 5.149%, (3 mo. EURIBOR + 3.00%), 4/30/30 | EUR | 1,500 | 1,724,612 |
| Term Loan, 6.377%, (6 mo. USD Term SOFR + 2.75%), 4/30/30 | 964 | 968,890 | |
| $ 23,375,583 | |||
| Marine Transportation — 0.1% | |||
| Boluda Towage SL: | |||
| Term Loan, 6/24/33(25) | 125 | $ 125,078 | |
| Term Loan, 6/24/33(25) | EUR | 1,000 | 1,152,957 |
| $ 1,278,035 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Media — 0.4% | |||
| ABG Intermediate Holdings 2 LLC: | |||
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 12/21/28 | 244 | $ 243,945 | |
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 2/13/32 | 617 | 617,379 | |
| Charter Communications Operating LLC, Term Loan, 5.942%, (3 mo. USD Term SOFR + 2.25%), 12/15/31 | 566 | 559,261 | |
| Emerald Expositions Holding, Inc.: | |||
| Term Loan, 6/17/33(25) | 269 | 269,029 | |
| Term Loan, 6/17/33(25) | 70 | 70,334 | |
| Term Loan, 6/17/33(25) | 35 | 35,167 | |
| Emerald X, Inc., Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 1/30/32 | 223 | 223,462 | |
| Fleet Midco I Ltd., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 2/21/31 | 825 | 826,972 | |
| Gray Television, Inc., Term Loan, 6.735%, (1 mo. USD Term SOFR + 3.00%), 12/1/28 | 492 | 492,704 | |
| Nexstar Broadcasting, Inc., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 3/18/33 | 871 | 863,882 | |
| WH Borrower LLC, Term Loan, 8.142%, (3 mo. USD Term SOFR + 4.50%), 2/20/32 | 125 | 125,068 | |
| $ 4,327,203 | |||
| Metals/Mining — 0.2% | |||
| American Consolidated Natural Resources, Inc., Term Loan - Second Lien, 13.00%, 12/11/29(26) | 408 | $ 412,552 | |
| Arsenal AIC Parent LLC, Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 8/19/30 | 431 | 432,886 | |
| Wireco Worldgroup, Inc., Term Loan, 7.414%, (3 mo. USD Term SOFR + 3.75%), 11/13/28 | 426 | 425,933 | |
| Zekelman Industries, Inc., Term Loan, 5.863%, (1 mo. USD Term SOFR + 2.25%), 1/24/31 | 1,072 | 1,073,204 | |
| $ 2,344,575 | |||
| Oil and Gas Exploration and Production — 0.1% | |||
| Staatsolie Maatschappij Suriname NV: | |||
| Revolving Loan, 4/26/32(24) | 1,176 | $ 1,176,468 | |
| Term Loan, 9.167%, (3 mo. USD Term SOFR + 5.50%), 5/24/32 | 124 | 125,420 | |
| $ 1,301,888 | |||
| Oil, Gas & Consumable Fuels — 0.6% | |||
| Freeport LNG Investments LLLP, Term Loan, 6.925%, (3 mo. USD Term SOFR + 3.25%), 2/11/33 | 1,950 | $ 1,956,094 | |
| GIP Pilot Acquisition Partners LP, Term Loan, 5.641%, (3 mo. USD Term SOFR + 2.00%), 5/19/33 | 466 | 466,533 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Oil, Gas & Consumable Fuels (continued) | |||
| Matador Bidco SARL, Term Loan, 7.994%, (1 mo. USD Term SOFR + 4.25%), 7/30/29 | 906 | $ 904,367 | |
| Natgasoline LLC, Term Loan, 9.144%, (1 mo. USD Term SOFR + 5.50%), 3/29/30 | 509 | 509,865 | |
| Oxbow Carbon LLC, Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 5/10/30 | 481 | 483,494 | |
| Traverse Midstream Partners LLC, Term Loan, 4/21/33(25) | 700 | 700,437 | |
| UGI Energy Services LLC, Term Loan, 5.732%, (3 mo. USD Term SOFR + 2.00%), 2/22/30 | 1,435 | 1,439,673 | |
| Venture Global Calcasieu Pass LLC, Term Loan, 6.937%, (6 mo. USD Term SOFR + 3.25%), 4/11/33 | 775 | 778,177 | |
| $ 7,238,640 | |||
| Passenger Airlines — 0.0%† | |||
| WestJet Loyalty LP, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 2/14/31 | 489 | $ 475,048 | |
| $ 475,048 | |||
| Personal Products — 0.1% | |||
| Rainbow Finco SARL, Term Loan, 5.391%, (6 mo. EURIBOR + 3.25%), 2/23/29 | EUR | 1,000 | $ 1,154,220 |
| $ 1,154,220 | |||
| Pharmaceuticals — 0.6% | |||
| Amneal Pharmaceuticals LLC, Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 8/1/32 | 1,706 | $ 1,715,210 | |
| Bausch Health Cos., Inc., Term Loan, 9.894%, (1 mo. USD Term SOFR + 6.25%), 10/8/30 | 842 | 817,963 | |
| Ceva Sante Animale: | |||
| Term Loan, 5.291%, (3 mo. EURIBOR + 3.00%), 11/12/30 | EUR | 1,500 | 1,727,131 |
| Term Loan, 6.393%, (3 mo. USD Term SOFR + 2.75%), 11/12/30 | 391 | 392,329 | |
| Jazz Financing Lux SARL, Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 5/5/28 | 993 | 997,206 | |
| Nidda Healthcare Holding AG, Term Loan, 5.446%, (3 mo. EURIBOR + 3.25%), 12/9/32 | EUR | 750 | 860,258 |
| Recipharm AB, Term Loan, 5.264%, (3 mo. EURIBOR + 3.03%), 2/17/28 | EUR | 1,000 | 1,148,153 |
| $ 7,658,250 | |||
| Professional Services — 1.8% | |||
| AAL Delaware Holdco, Inc., Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 7/30/31 | 1,459 | $ 1,461,722 | |
| Amspec Parent LLC, Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 12/22/31 | 1,188 | 1,193,736 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Professional Services (continued) | |||
| APFS Staffing Holdings, Inc., Term Loan, 7.894%, (1 mo. USD Term SOFR + 4.25%), 12/29/28 | 241 | $ 218,369 | |
| Beauparc, Term Loan, 5.746%, (6 mo. EURIBOR + 3.15%), 8/25/31 | EUR | 750 | 830,706 |
| Citrin Cooperman Advisors LLC, Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 4/1/32 | 841 | 819,804 | |
| CohnReznick LLP: | |||
| Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 3/31/32 | 681 | 665,756 | |
| Term Loan, 3/31/32(24) | 40 | 38,648 | |
| CoreLogic, Inc., Term Loan, 7.258%, (1 mo. USD Term SOFR + 3.50%), 6/2/28 | 1,995 | 1,974,611 | |
| EAB Global, Inc., Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 8/16/30 | 220 | 198,769 | |
| First Advantage Holdings LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 10/31/31 | 1,108 | 1,096,060 | |
| Galaxy Bidco Ltd., Term Loan, 6.242%, (6 mo. EURIBOR + 3.75%), 12/19/29 | EUR | 1,000 | 1,157,362 |
| Grant Thornton Advisors LLC, Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 6/2/31 | 1,934 | 1,845,378 | |
| Heron Bidco, Term Loan, 7.732%, (3 mo. USD Term SOFR + 4.00%), 12/10/32 | 700 | 705,250 | |
| Highspring Holdings LLC, Term Loan, 8.882%, (3 mo. USD Term SOFR + 5.00%), 1/22/29 | 263 | 216,495 | |
| iSolved, Inc., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 10/15/30 | 563 | 530,706 | |
| Mermaid Bidco, Inc.: | |||
| Term Loan, 5.949%, (3 mo. EURIBOR + 3.75%), 7/3/31 | EUR | 1,000 | 1,130,694 |
| Term Loan, 6.908%, (3 mo. USD Term SOFR + 3.25%), 7/3/31 | 1,036 | 1,004,891 | |
| Neptune Bidco U.S., Inc., Term Loan, 8.769%, (3 mo. USD Term SOFR + 5.00%), 2/3/33 | 1,848 | 1,835,296 | |
| PHM Group Holding OYJ, Term Loan, 5.575%, (3 mo. EURIBOR + 3.50%), 4/22/32 | EUR | 500 | 570,443 |
| Techem Verwaltungsgesellschaft 675 GmbH, Term Loan, 5.484%, (3 mo. EURIBOR + 3.25%), 7/15/32 | EUR | 1,826 | 2,094,723 |
| Turbo EMEA Holdings BV, Term Loan, 5.429%, (1 mo. EURIBOR + 3.25%), 9/23/32 | EUR | 1,000 | 1,138,555 |
| $ 20,727,974 | |||
| Real Estate Management & Development — 0.5% | |||
| Cushman & Wakefield U.S. Borrower LLC: | |||
| Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 6/13/33 | 1,044 | $ 1,044,462 | |
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 1/31/30 | 2,518 | 2,522,268 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Real Estate Management & Development (continued) | |||
| Greystar Real Estate Partners LLC, Term Loan, 5.918%, (3 mo. USD Term SOFR + 2.25%), 8/21/30 | 958 | $ 958,927 | |
| Metropolis Technologies, Inc., Term Loan, 8.916%, (3 mo. USD Term SOFR + 5.25%), 11/3/32 | 1,020 | 1,005,852 | |
| $ 5,531,509 | |||
| Road & Rail — 0.3% | |||
| Hertz Corp.: | |||
| Term Loan, 7.413%, (3 mo. USD Term SOFR + 3.75%), 6/30/28 | 707 | $ 498,715 | |
| Term Loan, 7.425%, (3 mo. USD Term SOFR + 3.50%), 6/30/28 | 999 | 711,584 | |
| Term Loan, 7.425%, (3 mo. USD Term SOFR + 3.50%), 6/30/28 | 198 | 141,164 | |
| Kenan Advantage Group, Inc., Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 1/25/29 | 2,134 | 2,140,607 | |
| $ 3,492,070 | |||
| Semiconductors & Semiconductor Equipment — 0.0%† | |||
| Bright Bidco BV: | |||
| Term Loan, 0.00%, 10/31/27(20) | 354 | $ 39,207 | |
| Term Loan, 6/30/26(24) | 11 | 11,217 | |
| MaxLinear, Inc., Term Loan, 6.008%, (1 mo. USD Term SOFR + 2.25%), 6/23/28 | 286 | 283,571 | |
| $ 333,995 | |||
| Software — 3.1% | |||
| Applied Systems, Inc., Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 2/24/31 | 2,053 | $ 2,021,062 | |
| Athena BidCo GmbH, Term Loan, 5.541%, (3 mo. EURIBOR + 3.25%), 5/31/32 | EUR | 1,000 | 1,114,218 |
| Bending Spoons U.S., Inc., Term Loan, 3/7/31(25) | 50 | 49,350 | |
| Boxer Parent Co., Inc.: | |||
| Term Loan, 5.40%, (3 mo. EURIBOR + 3.25%), 7/30/31 | EUR | 475 | 517,971 |
| Term Loan, 6.416%, (3 mo. USD Term SOFR + 2.75%), 7/30/31 | 850 | 768,353 | |
| Calabrio, Inc., Term Loan, 7.666%, (3 mo. USD Term SOFR + 4.00%), 11/26/32 | 973 | 757,967 | |
| Cegid Group SAS, Term Loan, 4.90%, (3 mo. EURIBOR + 2.75%), 7/10/28 | EUR | 1,000 | 1,126,826 |
| Cloud Software Group, Inc., Term Loan, 6.982%, (3 mo. USD Term SOFR + 3.25%), 8/13/32 | 1,990 | 1,728,074 | |
| Cloudera, Inc.: | |||
| Term Loan, 7.494%, (1 mo. USD Term SOFR + 3.75%), 10/8/28 | 1,743 | 1,360,119 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Software (continued) | |||
| Cloudera, Inc.: (continued) | |||
| Term Loan - Second Lien, 9.744%, (1 mo. USD Term SOFR + 6.00%), 10/8/29 | 775 | $ 533,975 | |
| Constant Contact, Inc., Term Loan, 7.935%, (3 mo. USD Term SOFR + 4.00%), 2/10/28 | 681 | 662,953 | |
| Dayforce, Inc., Term Loan, 6.663%, (3 mo. USD Term SOFR + 3.00%), 2/4/33 | 1,125 | 1,029,060 | |
| Drake Software LLC, Term Loan, 7.982%, (3 mo. USD Term SOFR + 4.25%), 6/26/31 | 445 | 425,487 | |
| ECI Macola Max Holding LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 5/9/30 | 1,377 | 1,313,065 | |
| Epicor Software Corp., Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 5/30/31 | 2,285 | 2,189,133 | |
| IGT Holding IV AB, Term Loan, 5.191%, (3 mo. EURIBOR + 2.90%), 3/31/28 | EUR | 1,000 | 1,138,315 |
| Marcel LUX IV SARL: | |||
| Term Loan, 5.768%, (3 mo. EURIBOR + 3.50%), 11/9/30 | EUR | 1,500 | 1,690,642 |
| Term Loan, 6.55%, (1 mo. USD Term SOFR + 3.00%), 11/12/30 | 1,003 | 978,892 | |
| McAfee LLC: | |||
| Term Loan, 5.65%, (3 mo. EURIBOR + 3.50%), 3/1/29 | EUR | 963 | 1,018,868 |
| Term Loan, 6.644%, (1 mo. USD Term SOFR + 3.00%), 3/1/29 | 1,705 | 1,520,447 | |
| Mosel Bidco SE, Term Loan, 6.041%, (3 mo. EURIBOR + 3.75%), 9/16/30 | EUR | 750 | 822,942 |
| N-Able International Holdings II LLC, Term Loan, 6.416%, (3 mo. USD Term SOFR + 2.75%), 11/26/32 | 174 | 168,901 | |
| OceanKey (U.S.) II Corp., Term Loan, 7.244%, (1 mo. USD Term SOFR + 3.50%), 12/15/28 | 1,558 | 1,497,427 | |
| OID-OL Intermediate I LLC, Term Loan, 9.663%, (3 mo. USD Term SOFR + 6.00%), 2/1/29 | 219 | 213,442 | |
| Polaris Newco LLC: | |||
| Term Loan, 6.15%, (3 mo. EURIBOR + 4.00%), 6/2/28 | EUR | 953 | 945,712 |
| Term Loan, 7.925%, (3 mo. USD Term SOFR + 4.00%), 6/2/28 | 1,624 | 1,415,698 | |
| Project Boost Purchaser LLC, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 7/16/31 | 1,110 | 1,082,436 | |
| Proofpoint, Inc., Term Loan, 6.732%, (3 mo. USD Term SOFR + 3.00%), 8/31/28 | 1,391 | 1,345,807 | |
| Quartz Acquireco LLC, Term Loan, 5.982%, (3 mo. USD Term SOFR + 2.25%), 6/28/30 | 729 | 611,763 | |
| RealPage, Inc.: | |||
| Term Loan, 6.994%, (3 mo. USD Term SOFR + 3.00%), 4/24/28 | 1,346 | 1,261,222 | |
| Term Loan, 7.482%, (3 mo. USD Term SOFR + 3.75%), 4/24/28 | 444 | 418,981 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Software (continued) | |||
| Rocket Software, Inc., Term Loan, 7.394%, (1 mo. USD Term SOFR + 3.75%), 11/28/28 | 223 | $ 212,191 | |
| Sabre GLBL, Inc.: | |||
| Term Loan, 9.744%, (1 mo. USD Term SOFR + 6.00%), 11/15/29 | 530 | 475,104 | |
| Term Loan, 9.994%, (1 mo. USD Term SOFR + 6.25%), 7/30/29 | 100 | 90,212 | |
| SolarWinds Holdings, Inc., Term Loan, 7.671%, (3 mo. USD Term SOFR + 4.00%), 4/16/32 | 2,035 | 1,709,085 | |
| UKG, Inc., Term Loan, 5.913%, (3 mo. USD Term SOFR + 2.25%), 2/10/31 | 2,552 | 2,409,442 | |
| Vision Solutions, Inc., Term Loan, 7.925%, (3 mo. USD Term SOFR + 4.00%), 4/24/28 | 406 | 311,809 | |
| $ 36,936,951 | |||
| Specialty Retail — 0.6% | |||
| Apro LLC, Term Loan, 7.374%, (1 mo. USD Term SOFR + 3.75%), 7/9/31 | 590 | $ 591,218 | |
| Boels Topholding BV, Term Loan, 4.629%, (1 mo. EURIBOR + 2.50%), 5/23/31 | EUR | 862 | 989,024 |
| CD&R Firefly Bidco Ltd., Term Loan, 6/30/31(25) | GBP | 100 | 133,296 |
| Great Outdoors Group LLC, Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 1/23/32 | 2,317 | 2,327,446 | |
| Harbor Freight Tools USA, Inc., Term Loan, 5.894%, (1 mo. USD Term SOFR + 2.25%), 6/11/31 | 1,262 | 1,259,273 | |
| Les Schwab Tire Centers, Term Loan, 6.166%, (3 mo. USD Term SOFR + 2.50%), 4/23/31 | 48 | 48,312 | |
| Mavis Tire Express Services Corp., Term Loan, 6.669%, (6 mo. USD Term SOFR + 3.00%), 5/4/28 | 723 | 722,941 | |
| Speedster Bidco GmbH, Term Loan, 6.482%, (3 mo. USD Term SOFR + 2.75%), 12/11/31 | 491 | 487,698 | |
| $ 6,559,208 | |||
| Technology Hardware, Storage & Peripherals — 0.0%† | |||
| CompoSecure Holdings LLC, Term Loan, 5.918%, (3 mo. USD Term SOFR + 2.25%), 1/14/33 | 275 | $ 273,861 | |
| $ 273,861 | |||
| Trading Companies & Distributors — 1.0% | |||
| BCPE Empire Holdings, Inc., Term Loan, 7.144%, (1 mo. USD Term SOFR + 3.50%), 12/29/32 | 973 | $ 962,433 | |
| CD&R Hydra Buyer, Inc., Term Loan, 7.744%, (1 mo. USD Term SOFR + 4.00%), 3/25/31 | 1,154 | 1,156,506 | |
| Core & Main LP, Term Loan, 5.656%, (3 mo. USD Term SOFR + 2.00%), 2/9/31 | 367 | 367,444 | |
| DXP Enterprises, Inc., Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 10/11/30 | 657 | 660,368 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Trading Companies & Distributors (continued) | |||
| Paint Intermediate III LLC, Term Loan, 6.653%, (3 mo. USD Term SOFR + 3.00%), 10/9/31 | 867 | $ 869,929 | |
| Park River Holdings, Inc., Term Loan, 3/15/31(25) | 100 | 99,996 | |
| Quimper AB, Term Loan, 5.097%, (3 mo. EURIBOR + 2.98%), 3/31/30 | EUR | 1,875 | 2,152,830 |
| Ramudden Global Group GmbH, Term Loan, 5.429%, (1 mo. EURIBOR + 3.25%), 2/21/33 | EUR | 1,500 | 1,726,446 |
| Spin Holdco, Inc.: | |||
| Term Loan, 9.096%, (3 mo. USD Term SOFR + 5.43%), 9/4/30 | 444 | 457,192 | |
| Term Loan - Second Lien, 7.928%, (3 mo. USD Term SOFR + 4.00%), 9/4/30 | 938 | 710,566 | |
| White Cap Buyer LLC, Term Loan, 6.894%, (1 mo. USD Term SOFR + 3.25%), 10/19/29 | 1,589 | 1,588,762 | |
| Windsor Holdings III LLC: | |||
| Term Loan, 4.929%, (1 mo. EURIBOR + 2.75%), 8/1/30 | EUR | 500 | 573,205 |
| Term Loan, 6.394%, (1 mo. USD Term SOFR + 2.75%), 8/1/30 | 628 | 628,810 | |
| $ 11,954,487 | |||
| Transportation Infrastructure — 0.1% | |||
| Brown Group Holding LLC: | |||
| Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 7/1/31 | 215 | $ 215,899 | |
| Term Loan, 6.163% - 6.166%, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 7/1/31 | 639 | 640,876 | |
| KKR Apple Bidco LLC, Term Loan, 6.144%, (1 mo. USD Term SOFR + 2.50%), 9/23/31 | 167 | 167,553 | |
| $ 1,024,328 | |||
| Total Senior Floating-Rate Loans (identified cost $396,186,157) | $ 390,242,560 | ||
| Sovereign Government Bonds — 5.8% |
| Security | Principal Amount* (000's omitted) | Value | |
| Albania — 0.0%† | |||
| Albania Government International Bonds: | |||
| 3.50%, 11/23/31(16) | EUR | 200 | $ 228,177 |
| 4.75%, 2/14/35(16) | EUR | 200 | 231,698 |
| $ 459,875 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Angola — 0.1% | |||
| Angola Government International Bonds: | |||
| 8.75%, 4/14/32(16) | 250 | $ 252,567 | |
| 9.244%, 1/15/31(16) | 222 | 230,071 | |
| 9.375%, 3/31/33(16) | 440 | 450,758 | |
| $ 933,396 | |||
| Argentina — 0.5% | |||
| Argentina Bonar Bonds: | |||
| 0.75% to 7/9/27, 7/9/30(4) | 2,823 | $ 1,772,957 | |
| 1.00%, 7/9/29 | 13 | 8,245 | |
| Argentina Republic Government International Bonds: | |||
| 0.00%, 12/15/35(3) | EUR | 1,080 | 153,664 |
| 0.75% to 7/9/27, 7/9/30(4) | 720 | 639,000 | |
| 1.00%, 7/9/29 | 70 | 64,085 | |
| 3.50% to 7/9/29, 7/9/41(4) | 654 | 490,500 | |
| 4.125% to 7/9/27, 7/9/35(4) | 1,240 | 993,860 | |
| 5.00%, 1/9/38 | 665 | 555,607 | |
| Province of Santa Fe, 8.10%, 12/11/34(16) | 332 | 333,510 | |
| Provincia de Cordoba: | |||
| 8.60%, 2/3/35(1) | 31 | 30,884 | |
| 9.75%, 7/2/32(1)(16) | 436 | 466,847 | |
| Provincia del Chubut Argentina, 9.45%, 4/29/36(1) | 531 | 562,860 | |
| $ 6,072,019 | |||
| Armenia — 0.0%† | |||
| Republic of Armenia International Bonds, 6.75%, 3/12/35(16) | 200 | $ 209,796 | |
| $ 209,796 | |||
| Azerbaijan — 0.0%† | |||
| Republic of Azerbaijan International Bonds, 3.50%, 9/1/32(16) | 240 | $ 223,886 | |
| $ 223,886 | |||
| Barbados — 0.0%† | |||
| Barbados Government International Bonds, 8.00%, 6/26/35(16) | 424 | $ 455,809 | |
| $ 455,809 | |||
| Benin — 0.0%† | |||
| Benin Government International Bonds, 7.96%, 2/13/38(16) | 200 | $ 212,827 | |
| Benin Sukuk SA, 6.20%, 1/29/33(1) | 200 | 194,312 | |
| $ 407,139 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Bosnia and Herzegovina — 0.1% | |||
| Federation of Bosnia & Herzegovina Eurobond, 5.00%, 6/4/31(16) | EUR | 775 | $ 881,290 |
| Republic of Srpska International Government Bonds: | |||
| 6.25%, 4/2/31(16) | EUR | 140 | 162,206 |
| 6.375%, 5/8/33(16) | EUR | 320 | 367,185 |
| $ 1,410,681 | |||
| Brazil — 0.2% | |||
| Brazil Government International Bonds: | |||
| 3.875%, 6/12/30 | 900 | $ 858,015 | |
| 5.00%, 1/27/45 | 800 | 640,800 | |
| 6.625%, 3/15/35 | 800 | 822,120 | |
| $ 2,320,935 | |||
| Bulgaria — 0.0%† | |||
| Bulgaria Government International Bonds, 5.00%, 3/5/37(16) | 120 | $ 117,362 | |
| $ 117,362 | |||
| Chile — 0.2% | |||
| Chile Government International Bonds: | |||
| 2.55%, 7/27/33 | 1,680 | $ 1,444,968 | |
| 3.50%, 1/25/50 | 800 | 582,600 | |
| 4.95%, 1/5/36 | 500 | 495,475 | |
| $ 2,523,043 | |||
| Colombia — 0.2% | |||
| Colombia Government International Bonds: | |||
| 3.125%, 4/15/31 | 400 | $ 354,380 | |
| 5.625%, 2/26/44 | 500 | 433,125 | |
| 7.75%, 11/7/36 | 1,080 | 1,179,630 | |
| $ 1,967,135 | |||
| Congo — 0.1% | |||
| Congolese International Bonds, 9.50%, 5/26/36(16) | 210 | $ 203,085 | |
| DRC International Bonds, 9.50%, 4/16/37(16) | 330 | 345,989 | |
| $ 549,074 | |||
| Costa Rica — 0.1% | |||
| Costa Rica Government International Bonds: | |||
| 6.55%, 4/3/34(16) | 550 | $ 588,255 | |
| 7.158%, 3/12/45(16) | 200 | 221,436 | |
| $ 809,691 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Dominican Republic — 0.2% | |||
| Dominican Republic International Bonds: | |||
| 4.50%, 1/30/30(16) | 700 | $ 676,620 | |
| 4.875%, 9/23/32(16) | 760 | 723,406 | |
| 5.30%, 1/21/41(16) | 300 | 270,555 | |
| 6.85%, 1/27/45(16) | 400 | 411,440 | |
| 7.45%, 4/30/44(16) | 300 | 326,370 | |
| $ 2,408,391 | |||
| Ecuador — 0.1% | |||
| Ecuador Government International Bonds: | |||
| 6.90%, 7/31/35(16) | 262 | $ 241,560 | |
| 8.75%, 1/29/34(1) | 270 | 272,970 | |
| 9.25%, 1/29/39(1) | 289 | 297,381 | |
| $ 811,911 | |||
| Egypt — 0.3% | |||
| Egypt Government International Bonds: | |||
| 5.625%, 4/16/30(16) | EUR | 400 | $ 455,910 |
| 5.875%, 2/16/31(16) | 200 | 195,395 | |
| 6.375%, 4/11/31(16) | EUR | 400 | 466,982 |
| 7.30%, 9/30/33(16) | 200 | 200,021 | |
| 7.903%, 2/21/48(16) | 200 | 183,827 | |
| 8.50%, 1/31/47(16) | 250 | 245,336 | |
| 8.75%, 9/30/51(16) | 779 | 772,562 | |
| 8.875%, 5/29/50(16) | 749 | 748,641 | |
| $ 3,268,674 | |||
| El Salvador — 0.1% | |||
| El Salvador Government International Bonds: | |||
| 7.65%, 6/15/35(16) | 100 | $ 103,698 | |
| 8.25%, 4/10/32(16) | 230 | 246,229 | |
| 9.65%, 11/21/54(1) | 252 | 289,588 | |
| $ 639,515 | |||
| Ethiopia — 0.1% | |||
| Ethiopia International Bonds, 6.625%, 12/11/24(16)(20) | 974 | $ 1,062,288 | |
| $ 1,062,288 | |||
| Gabon — 0.0%† | |||
| Gabon Government International Bonds, 6.625%, 2/6/31(16) | 200 | $ 172,519 | |
| $ 172,519 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Georgia — 0.0%† | |||
| Georgia Government International Bonds, 5.125%, 1/28/31(16) | 343 | $ 334,449 | |
| $ 334,449 | |||
| Ghana — 0.1% | |||
| Ghana Government International Bonds: | |||
| 0.00%, 7/3/26(16) | 18 | $ 18,324 | |
| 5.00% to 7/3/28, 7/3/29(4)(16) | 337 | 333,164 | |
| 5.00% to 7/3/28, 7/3/35(4)(16) | 500 | 464,517 | |
| $ 816,005 | |||
| Guatemala — 0.1% | |||
| Guatemala Government Bonds: | |||
| 3.70%, 10/7/33(16) | 200 | $ 178,573 | |
| 5.375%, 4/24/32(16) | 330 | 331,551 | |
| 6.55%, 2/6/37(16) | 400 | 427,992 | |
| $ 938,116 | |||
| Honduras — 0.0%† | |||
| Honduras Government International Bonds, 8.625%, 11/27/34(16) | 200 | $ 232,078 | |
| $ 232,078 | |||
| Hungary — 0.2% | |||
| Hungary Government International Bonds: | |||
| 2.125%, 9/22/31(16) | 400 | $ 347,655 | |
| 5.25%, 6/16/29(16) | 200 | 202,667 | |
| 5.50%, 3/26/36(16) | 800 | 804,346 | |
| 6.25%, 9/22/32(16) | 700 | 740,806 | |
| $ 2,095,474 | |||
| India — 0.1% | |||
| Export-Import Bank of India: | |||
| 2.25%, 1/13/31(16) | 600 | $ 535,294 | |
| 5.50%, 1/18/33(1) | 230 | 234,939 | |
| $ 770,233 | |||
| Iraq — 0.0%† | |||
| Iraq International Bonds, 5.80%, 1/15/28(16) | 63 | $ 62,046 | |
| $ 62,046 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Ivory Coast — 0.0%† | |||
| Ivory Coast Government International Bonds, 8.25%, 1/30/37(16) | 491 | $ 543,629 | |
| $ 543,629 | |||
| Jamaica — 0.0%† | |||
| Jamaica Government International Bonds, 8.00%, 3/15/39 | 400 | $ 483,936 | |
| $ 483,936 | |||
| Jordan — 0.1% | |||
| Jordan Government International Bonds, 5.75%, 11/12/32(16) | 580 | $ 573,320 | |
| $ 573,320 | |||
| Kazakhstan — 0.0%† | |||
| Kazakhstan Government International Bonds, 4.714%, 4/9/35(16) | 500 | $ 491,048 | |
| $ 491,048 | |||
| Kenya — 0.1% | |||
| Republic of Kenya Government International Bonds: | |||
| 8.25%, 2/28/48(16) | 200 | $ 192,844 | |
| 8.70%, 2/26/39(16) | 220 | 218,088 | |
| 8.80%, 10/9/38(16) | 200 | 201,669 | |
| 9.50%, 3/5/36(16) | 649 | 690,844 | |
| $ 1,303,445 | |||
| Lebanon — 0.2% | |||
| Lebanon Government International Bonds: | |||
| 5.80%, 4/14/20(16)(20) | 852 | $ 210,508 | |
| 6.00%, 1/27/23(16)(20) | 268 | 66,250 | |
| 6.10%, 10/4/22(16)(20) | 767 | 189,842 | |
| 6.15%, 6/19/20(16)(20) | 72 | 17,756 | |
| 6.20%, 2/26/25(16)(20) | 158 | 39,062 | |
| 6.25%, 5/27/22(16)(20) | 181 | 44,899 | |
| 6.25%, 11/4/24(16)(20) | 135 | 33,212 | |
| 6.25%, 6/12/25(16)(20) | 149 | 36,989 | |
| 6.375%, 3/9/20(16)(20) | 858 | 211,518 | |
| 6.40%, 5/26/23(16)(20) | 918 | 227,526 | |
| 6.60%, 11/27/26(16)(20) | 148 | 36,919 | |
| 6.65%, 4/22/24(16)(20) | 642 | 157,735 | |
| 6.65%, 11/3/28(16)(20) | 121 | 30,419 | |
| 6.65%, 2/26/30(16)(20) | 133 | 33,942 | |
| 6.75%, 11/29/27(16)(20) | 216 | 54,116 | |
| 6.85%, 3/23/27(16)(20) | 129 | 32,282 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Lebanon (continued) | |||
| Lebanon Government International Bonds: (continued) | |||
| 6.85%, 5/25/29(16)(20) | 658 | $ 167,052 | |
| 7.00%, 12/3/24(16)(20) | 69 | 17,147 | |
| 7.00%, 3/20/28(16)(20) | 251 | 63,229 | |
| 7.00%, 4/22/31(16)(20) | 528 | 135,026 | |
| 7.00%, 3/23/32(16)(20) | 107 | 27,407 | |
| 7.05%, 11/2/35(16)(20) | 53 | 13,762 | |
| 7.25%, 3/23/37(16)(20) | 191 | 49,874 | |
| 8.20%, 5/17/33(16)(20) | 72 | 19,131 | |
| 8.25%, 4/12/21(16)(20) | 35 | 9,393 | |
| $ 1,924,996 | |||
| Mexico — 0.2% | |||
| Mexico Government International Bonds: | |||
| 3.25%, 4/16/30 | 500 | $ 466,488 | |
| 4.875%, 5/19/33 | 800 | 760,000 | |
| 5.00%, 4/27/51 | 800 | 633,200 | |
| 5.85%, 7/2/32 | 200 | 202,210 | |
| 6.00%, 5/7/36 | 400 | 399,660 | |
| $ 2,461,558 | |||
| Mongolia — 0.0%† | |||
| Mongolia Government International Bonds, 6.625%, 2/25/30(16) | 400 | $ 412,073 | |
| $ 412,073 | |||
| Montenegro — 0.0%† | |||
| Montenegro Government International Bonds, 4.875%, 4/1/32(16) | EUR | 400 | $ 464,634 |
| $ 464,634 | |||
| Morocco — 0.0%† | |||
| Morocco Government International Bonds, 3.00%, 12/15/32(16) | 365 | $ 320,859 | |
| $ 320,859 | |||
| Mozambique — 0.0%† | |||
| Mozambique International Bonds, 9.00%, 9/15/31(16) | 480 | $ 424,603 | |
| $ 424,603 | |||
| Nigeria — 0.2% | |||
| Nigeria Government International Bonds: | |||
| 7.696%, 2/23/38(16) | 300 | $ 306,776 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Nigeria (continued) | |||
| Nigeria Government International Bonds: (continued) | |||
| 7.875%, 2/16/32(16) | 290 | $ 302,985 | |
| 8.747%, 1/21/31(16) | 200 | 214,239 | |
| 10.375%, 12/9/34(16) | 920 | 1,094,957 | |
| $ 1,918,957 | |||
| Oman — 0.2% | |||
| Oman Government International Bonds: | |||
| 5.375%, 3/8/27(16) | 200 | $ 201,035 | |
| 6.00%, 8/1/29(16) | 400 | 412,864 | |
| 6.25%, 1/25/31(16) | 683 | 720,272 | |
| 6.75%, 1/17/48(16) | 230 | 252,785 | |
| 7.375%, 10/28/32(16) | 650 | 735,443 | |
| $ 2,322,399 | |||
| Pakistan — 0.1% | |||
| Pakistan Government International Bonds: | |||
| 6.875%, 12/5/27(16) | 200 | $ 202,041 | |
| 7.375%, 4/8/31(16) | 400 | 403,542 | |
| $ 605,583 | |||
| Panama — 0.2% | |||
| Panama Government International Bonds: | |||
| 3.16%, 1/23/30 | 400 | $ 377,200 | |
| 5.662%, 2/23/38 | 700 | 699,300 | |
| 6.40%, 2/14/35 | 800 | 846,800 | |
| $ 1,923,300 | |||
| Paraguay — 0.1% | |||
| Paraguay Government International Bonds: | |||
| 4.95%, 4/28/31(16) | 301 | $ 302,171 | |
| 6.00%, 2/9/36(16) | 300 | 314,460 | |
| $ 616,631 | |||
| Peru — 0.2% | |||
| Peru Government International Bonds: | |||
| 3.00%, 1/15/34 | 1,200 | $ 1,041,000 | |
| 3.30%, 3/11/41 | 700 | 542,920 | |
| 5.875%, 8/8/54 | 200 | 199,650 | |
| $ 1,783,570 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Philippines — 0.2% | |||
| Philippines Government International Bonds: | |||
| 4.75%, 3/5/35 | 600 | $ 581,976 | |
| 5.00%, 7/17/33 | 1,100 | 1,101,563 | |
| 5.50%, 1/17/48 | 500 | 481,966 | |
| 6.375%, 1/15/32 | 220 | 237,622 | |
| $ 2,403,127 | |||
| Romania — 0.2% | |||
| Romania Government International Bonds: | |||
| 5.75%, 3/24/35(16) | 1,200 | $ 1,164,302 | |
| 5.875%, 7/11/32(16) | EUR | 111 | 133,267 |
| 6.125%, 10/7/37(16) | EUR | 186 | 216,809 |
| 7.50%, 2/10/37(16) | 648 | 701,099 | |
| $ 2,215,477 | |||
| Senegal — 0.0%† | |||
| Senegal Government International Bonds, 6.25%, 5/23/33(16) | 270 | $ 144,355 | |
| $ 144,355 | |||
| Serbia — 0.0%† | |||
| Serbia International Bonds, 2.125%, 12/1/30(16) | 450 | $ 392,974 | |
| $ 392,974 | |||
| Sri Lanka — 0.1% | |||
| Sri Lanka Government International Bonds: | |||
| 3.10% to 7/15/27, 1/15/30(1)(4) | 132 | $ 134,859 | |
| 3.35% to 9/15/27, 3/15/33(1)(4) | 123 | 118,520 | |
| 3.60% to 12/15/27, 6/15/35(1)(4) | 57 | 47,695 | |
| 3.60% to 11/15/27, 5/15/36(1)(4) | 120 | 120,614 | |
| 3.60% to 8/15/27, 2/15/38(1)(4)(16) | 318 | 321,821 | |
| 4.00%, 4/15/28(1) | 93 | 89,749 | |
| $ 833,258 | |||
| Suriname — 0.2% | |||
| Suriname Government International Bonds: | |||
| 7.70%, 11/6/30(1) | 278 | $ 290,163 | |
| 8.50%, 11/6/35(1)(16) | 1,371 | 1,502,753 | |
| $ 1,792,916 | |||
| Trinidad and Tobago — 0.0%† | |||
| Trinidad & Tobago Government International Bonds, 5.95%, 1/14/31(16) | 300 | $ 305,118 | |
| $ 305,118 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Turkey — 0.2% | |||
| Turkiye Government International Bonds: | |||
| 5.75%, 5/11/47 | 420 | $ 340,890 | |
| 6.875%, 3/17/36 | 510 | 508,821 | |
| 9.125%, 7/13/30 | 1,100 | 1,212,553 | |
| 9.375%, 1/19/33 | 440 | 502,270 | |
| $ 2,564,534 | |||
| Ukraine — 0.2% | |||
| Ukraine Government International Bonds: | |||
| 0.00% to 2/1/27, 2/1/30(4)(16) | 17 | $ 12,096 | |
| 0.00% to 2/1/27, 2/1/34(4)(16) | 250 | 141,480 | |
| 0.00% to 2/1/27, 2/1/36(4)(16) | 94 | 56,572 | |
| 4.00% to 2/1/27, 2/1/32(4)(16) | 374 | 309,926 | |
| 4.50% to 2/1/27, 2/1/29(4)(16) | 211 | 178,105 | |
| 4.50% to 2/1/27, 2/1/34(4)(16) | 677 | 476,439 | |
| 4.50% to 2/1/27, 2/1/35(4)(16) | 1,129 | 783,014 | |
| 4.50% to 2/1/27, 2/1/36(4)(16) | 790 | 543,718 | |
| $ 2,501,350 | |||
| United States — 0.0%† | |||
| Arsenale SpA, 9.291%, 6/28/30(2)(16) | EUR | 200 | $ 223,606 |
| $ 223,606 | |||
| Uruguay — 0.1% | |||
| Uruguay Government International Bonds: | |||
| 5.10%, 6/18/50 | 400 | $ 375,500 | |
| 5.442%, 2/14/37 | 1,200 | 1,233,000 | |
| $ 1,608,500 | |||
| Uzbekistan — 0.1% | |||
| Republic of Uzbekistan Bonds, 6.90%, 2/28/32(16) | 300 | $ 320,818 | |
| Republic of Uzbekistan International Bonds, 5.375%, 2/20/29(16) | 300 | 301,589 | |
| $ 622,407 | |||
| Venezuela — 0.1% | |||
| Venezuela Government International Bonds: | |||
| 6.00%, 12/9/20(16)(20) | 288 | $ 123,120 | |
| 7.00%, 12/1/18(16)(20) | 182 | 79,170 | |
| 7.00%, 3/31/38(16)(20) | 90 | 39,600 | |
| 7.65%, 4/21/25(16)(20) | 354 | 159,300 | |
| 7.75%, 10/13/19(16)(20) | 511 | 227,223 | |
| 8.25%, 10/13/24(16)(20) | 343 | 156,201 | |
| 9.00%, 5/7/23(16)(20) | 427 | 202,682 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Venezuela (continued) | |||
| Venezuela Government International Bonds: (continued) | |||
| 9.25%, 9/15/27(20) | 273 | $ 134,794 | |
| 9.25%, 5/7/28(16)(20) | 152 | 73,195 | |
| 9.375%, 1/13/34(20) | 44 | 21,450 | |
| 11.75%, 10/21/26(16)(20) | 170 | 93,830 | |
| 11.95%, 8/5/31(16)(20) | 196 | 106,657 | |
| 12.75%, 8/23/22(16)(20) | 453 | 253,736 | |
| 13.625%, 8/15/18(16)(20) | 78 | 45,240 | |
| $ 1,716,198 | |||
| Zambia — 0.0%† | |||
| Zambia Government International Bonds, 5.75% to 6/30/31, 6/30/33(4)(16) | 76 | $ 75,319 | |
| $ 75,319 | |||
| Total Sovereign Government Bonds (identified cost $64,451,571) | $ 68,045,220 | ||
| Sovereign Loans — 0.2% |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Argentina — 0.0%† | |||
| Provincia De Neuquen, Term Loan, 11.067%, (1 mo. USD Term SOFR + 7.30%), 5/28/27 | 76 | $ 76,595 | |
| $ 76,595 | |||
| Bahamas — 0.1% | |||
| Commonwealth of the Bahamas, Term Loan, 9.446%, (6 mo. EURIBOR + 6.85%), 11/24/28(2) | EUR | 495 | $ 578,482 |
| $ 578,482 | |||
| Tanzania — 0.1% | |||
| Government of the United Republic of Tanzania, Term Loan, 10.409%, (6 mo. USD Term SOFR + 6.30%), 4/28/31(2) | 1,381 | $ 1,381,252 | |
| $ 1,381,252 | |||
| Total Sovereign Loans (identified cost $1,998,452) | $ 2,036,329 | ||
| U.S. Government Agency Mortgage-Backed Securities — 13.5% |
| Security | Principal Amount (000's omitted) | Value | |
| Federal Home Loan Mortgage Corp.: | |||
| 5.50%, 5/1/32 | $ | 104 | $ 104,909 |
| 6.50%, 6/17/28 | 2 | 1,908 | |
| 7.00%, 10/17/27 | 1 | 1,048 | |
| 7.50%, 2/1/35 | 148 | 154,366 | |
| 8.00%, with various maturities to 2030 | 1 | 571 | |
| 9.00%, 1/17/31 | 4 | 4,316 | |
| Federal National Mortgage Association: | |||
| 4.351%, (COF + 1.332%), 10/1/36(27) | 197 | 193,678 | |
| 5.50%, 6/1/33 | 165 | 167,239 | |
| 5.583%, (6 mo. RFUCCT + 1.564%), 9/1/37(27) | 283 | 290,390 | |
| 6.00%, 5/1/29 | 25 | 25,758 | |
| 6.351%, (COF + 2.004%), 7/1/32(27) | 196 | 199,330 | |
| 6.50%, 7/1/31 | 4 | 3,514 | |
| 7.00%, with various maturities to 2029 | 42 | 42,559 | |
| 7.50%, 9/1/35 | 262 | 273,573 | |
| 8.00%, 8/15/27 | 0(9) | 204 | |
| 8.00%, 9/15/27 | 0 | 298 | |
| 8.361%, 10/15/29 | 0(9) | 57 | |
| 8.453%, 9/20/28 | 0(9) | 231 | |
| 8.50%, 12/1/37 | 37 | 38,151 | |
| 9.00%, 2/1/32 | 11 | 11,449 | |
| Government National Mortgage Association: | |||
| 4.00%, 9/20/49 | 205 | 192,978 | |
| 5.00%, 6/20/52 | 11,446 | 11,387,906 | |
| 5.50%, with various maturities to 2054 | 16,452 | 16,690,671 | |
| 6.00%, with various maturities to 2054 | 11,815 | 12,230,839 | |
| 6.50%, with various maturities to 2054 | 4,749 | 4,984,934 | |
| 7.00%, 1/20/54 | 62 | 63,217 | |
| 7.50%, 8/15/32 | 168 | 172,314 | |
| 8.00%, with various maturities to 2054 | 367 | 377,889 | |
| Government National Mortgage Association II, 5.50%, 12/20/55(28) | 9,212 | 9,268,812 | |
| Uniform Mortgage-Backed Security: | |||
| 5.00%, 30-Year, TBA(29) | 47,000 | 46,186,681 | |
| 5.50%, 30-Year, TBA(29) | 55,300 | 55,492,253 | |
| Total U.S. Government Agency Mortgage-Backed Securities (identified cost $157,875,900) | $ 158,562,043 | ||
| Warrants — 0.0% |
| Security | Shares | Value | |
| Consumer Staples Distribution & Retail — 0.0% | |||
| Casino Guichard Perrachon SA, Exp. 4/27/29(13) | 32,288 | $ 0 | |
| Total Warrants (identified cost $0) | $ 0 | ||
| Miscellaneous — 0.0% |
| Security | Principal Amount/ Shares | Value | |
| Cable and Satellite Television — 0.0% | |||
| ACC Claims Holdings LLC(10) | 2,257,600 | $ 0 | |
| $ 0 | |||
| Energy — 0.0% | |||
| Enviva LLC, Escrow Certificates(10)(13) | $ | 1,391,000 | $ 0 |
| $ 0 | |||
| Engineering & Construction — 0.0% | |||
| Abengoa Abenewco 2 SA, Escrow Certificates(1)(10)(13) | $ | 377,752 | $ 0 |
| Abengoa Abenewco 2 SA, Escrow Certificates(1)(10)(13) | 377,752 | 0 | |
| $ 0 | |||
| Entertainment — 0.0% | |||
| National CineMedia, Inc., Escrow Certificates(10)(13) | $ | 1,186,000 | $ 0 |
| $ 0 | |||
| Surface Transport — 0.0% | |||
| Hertz Corp., Escrow Certificates(10)(13) | $ | 364,000 | $ 0 |
| $ 0 | |||
| Total Miscellaneous (identified cost $0) | $ 0 | ||
| Short-Term Investments — 3.1% |
| Affiliated Fund — 2.5% |
| Security | Shares | Value | |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.56%(30) | 29,333,982 | $ 29,333,982 | |
| Total Affiliated Fund (identified cost $29,333,982) | $ 29,333,982 | ||
| U.S. Treasury Obligations — 0.6% |
| Security | Principal Amount (000's omitted) | Value | |
| U.S. Treasury Bills: | |||
| 0.00%, 7/9/26 | $ | 167 | $ 166,865 |
| 0.00%, 7/23/26 | 519 | 517,864 | |
| 0.00%, 8/6/26 | 2,000 | 1,992,780 | |
| 0.00%, 8/13/26 | 130 | 129,434 | |
| 0.00%, 9/3/26 | 134 | 133,131 | |
| 0.00%, 9/17/26 | 500 | 496,056 | |
| 0.00%, 10/22/26(28) | 3,550 | 3,508,311 | |
| Total U.S. Treasury Obligations (identified cost $6,945,824) | $ 6,944,441 | ||
| Total Short-Term Investments (identified cost $36,279,806) | $ 36,278,423 | ||
| Total Investments — 159.0% (identified cost $1,910,977,409) | $1,869,178,118 | ||
| Less Unfunded Loan Commitments — (0.2)% | $ (1,797,829) | ||
| Net Investments — 158.8% (identified cost $1,909,179,580) | $1,867,380,289 | ||
| Other Assets, Less Liabilities — (58.5)% | $ (689,135,148) | ||
| Auction Preferred Shares Plus Cumulative Unpaid Dividends — (0.3)% | $ (2,959,550) | ||
| Net Assets Applicable to Common Shares — 100.0% | $1,175,285,591 | ||
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares. | |
| † | Amount is less than 0.05% or (0.05)%, as applicable. |
| * | In U.S. dollars unless otherwise indicated. |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At June 30, 2026, the aggregate value of these securities is $710,089,131 or 60.4% of the Fund's net assets applicable to common shares. |
| (2) | Variable rate security. The stated interest rate represents the rate in effect at June 30, 2026. |
| (3) | Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at June 30, 2026. |
| (4) | Step coupon security. Interest rate represents the rate in effect at June 30, 2026. |
| (5) | Inverse floating-rate security whose coupon varies inversely with changes in the interest rate index. The stated interest rate represents the coupon rate in effect at June 30, 2026. |
| (6) | Security (or a portion thereof) has been pledged for the benefit of the counterparty for reverse repurchase agreements. |
| (7) | Interest only security that entitles the holder to receive only interest payments on the underlying mortgages. Principal amount shown is the notional amount of the underlying mortgages on which coupon interest is calculated. |
| (8) | Principal only security that entitles the holder to receive only principal payments on the underlying mortgages. |
| (9) | Principal amount is less than $500. |
| (10) | Security is valued using significant unobservable inputs and is categorized as Level 3 in the fair value hierarchy. |
| (11) | Includes a non-economic companion Class ELP Certificate with no stated principal amount and zero fair value as of June 30, 2026. Class ELP Certificates are entitled only to the excess liquidation proceeds in the event of the liquidation of the Trust. |
| (12) | Represents an investment in an issuer that may be deemed to be an affiliate. |
| (13) | Non-income producing security. |
| (14) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
| (15) | Restricted security. |
| (16) | Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At June 30, 2026, the aggregate value of these securities is $81,203,566 or 6.9% of the Fund's net assets applicable to common shares. |
| (17) | Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion. |
| (18) | Security converts to variable rate after the indicated fixed-rate coupon period. |
| (19) | When-issued security. |
| (20) | Issuer is in default with respect to interest and/or principal payments or has declared bankruptcy and is non-income producing. For a variable rate security, interest rate has been adjusted to reflect non-accrual status. |
| (21) | Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
| (22) | Represents a participation interest, through a participation agreement with a financial institution, in mortgage loans guaranteed by Government National Mortgage Association. |
| (23) | Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold. |
| (24) | Unfunded or partially unfunded loan commitments. The stated interest rate reflects the reference rate and spread for the funded portion, if any. At June 30, 2026, the total value of unfunded loan commitments is $1,795,404. |
| (25) | This Senior Loan will settle after June 30, 2026, at which time the interest rate will be determined. |
| (26) | Fixed-rate loan. |
| (27) | Adjustable rate mortgage security whose interest rate generally adjusts monthly based on a weighted average of interest rates on the underlying mortgages. The coupon rate may not reflect the applicable index value as interest rates on the underlying mortgages may adjust on various dates and at various intervals and may be subject to lifetime ceilings and lifetime floors and lookback periods. Rate shown is the coupon rate at June 30, 2026. |
| (28) | Security (or a portion thereof) has been pledged to cover margin requirements on open derivative contracts. |
| (29) | TBA (To Be Announced) securities are purchased or sold on a forward commitment basis with an approximate principal amount and maturity date. The actual principal amount, which is not expected to differ significantly from the commitment amount, and maturity date are determined upon settlement. |
| (30) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of June 30, 2026. |
| Forward Foreign Currency Exchange Contracts (Centrally Cleared) | |||||
| Currency Purchased | Currency Sold | Settlement Date | Value/Unrealized Appreciation (Depreciation) | ||
| EUR | 72,334 | USD | 83,622 | 9/16/26 | $ (711) |
| EUR | 329,497 | USD | 380,912 | 9/16/26 | (3,238) |
| EUR | 430,682 | USD | 497,886 | 9/16/26 | (4,232) |
| EUR | 437,900 | USD | 506,230 | 9/16/26 | (4,303) |
| EUR | 513,809 | USD | 593,984 | 9/16/26 | (5,049) |
| EUR | 1,894,967 | USD | 2,190,659 | 9/16/26 | (18,622) |
| USD | 2,190,660 | EUR | 1,894,967 | 9/16/26 | 18,621 |
| USD | 1,397,085 | EUR | 1,208,509 | 9/16/26 | 11,876 |
| USD | 956,743 | EUR | 827,603 | 9/16/26 | 8,133 |
| USD | 937,078 | EUR | 810,593 | 9/16/26 | 7,966 |
| USD | 762,987 | EUR | 660,000 | 9/16/26 | 6,486 |
| USD | 524,236 | EUR | 453,475 | 9/16/26 | 4,456 |
| USD | 506,230 | EUR | 437,900 | 9/16/26 | 4,303 |
| USD | 473,495 | EUR | 409,583 | 9/16/26 | 4,025 |
| USD | 153,839 | EUR | 133,074 | 9/16/26 | 1,308 |
| USD | 3,574 | EUR | 3,092 | 9/16/26 | 30 |
| $31,049 | |||||
| Forward Foreign Currency Exchange Contracts (OTC) | |||||||
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
| USD | 49,264,049 | EUR | 42,161,465 | Standard Chartered Bank | 7/2/26 | $1,090,363 | $ — |
| EUR | 139,796 | USD | 159,186 | Goldman Sachs International | 7/10/26 | 597 | — |
| USD | 152,908 | EUR | 131,976 | HSBC Bank USA, N.A. | 7/10/26 | 2,064 | — |
| USD | 904,774 | EUR | 775,000 | State Street Bank and Trust Company | 7/10/26 | 18,973 | — |
| USD | 48,267,053 | EUR | 42,161,465 | Standard Chartered Bank | 8/4/26 | 28,761 | — |
| USD | 2,578,404 | GBP | 1,924,659 | Standard Chartered Bank | 8/28/26 | 25,493 | — |
| USD | 40,280,365 | EUR | 34,560,556 | Deutsche Bank AG | 8/31/26 | 693,358 | — |
| EUR | 22,784 | USD | 26,527 | Standard Chartered Bank | 9/16/26 | — | (411) |
| GBP | 850,000 | EUR | 981,073 | State Street Bank and Trust Company | 9/16/26 | 2,957 | — |
| GBP | 129,961 | EUR | 150,000 | State Street Bank and Trust Company | 9/16/26 | 454 | — |
| USD | 141,572 | EUR | 123,269 | Australia and New Zealand Banking Group Limited | 9/16/26 | 280 | — |
| USD | 313,856 | EUR | 269,346 | Standard Chartered Bank | 9/16/26 | 5,127 | — |
| USD | 39,815,300 | EUR | 34,271,386 | State Street Bank and Trust Company | 9/16/26 | 532,959 | — |
| USD | 124,951 | GBP | 93,106 | Australia and New Zealand Banking Group Limited | 9/16/26 | 1,451 | — |
| USD | 10,651,725 | GBP | 7,947,023 | Deutsche Bank AG | 9/16/26 | 110,452 | — |
| USD | 19,916 | GBP | 14,844 | Standard Chartered Bank | 9/16/26 | 226 | — |
| USD | 12,433,166 | EUR | 10,881,758 | State Street Bank and Trust Company | 9/30/26 | — | (47,045) |
| $2,513,515 | $(47,456) | ||||||
| Futures Contracts | |||||
| Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
| Interest Rate Futures | |||||
| U.S. 5-Year Treasury Note | 1,172 | Long | 9/30/26 | $125,458,938 | $ 429,444 |
| U.S. Ultra 10-Year Treasury Note | 8 | Long | 9/21/26 | 899,750 | 14,125 |
| Euro-Bobl | (21) | Short | 9/8/26 | (2,768,497) | (15,525) |
| Euro-Bund | (2) | Short | 9/8/26 | (290,997) | (3,931) |
| U.S. 2-Year Treasury Note | (1) | Short | 9/30/26 | (206,133) | 226 |
| U.S. 5-Year Treasury Note | (133) | Short | 9/30/26 | (14,237,234) | (56,903) |
| U.S. 10-Year Treasury Note | (145) | Short | 9/21/26 | (15,934,141) | (97,553) |
| U.S. Long Treasury Bond | (28) | Short | 9/21/26 | (3,178,000) | (74,536) |
| U.S. Ultra-Long Treasury Bond | (335) | Short | 9/21/26 | (38,912,344) | (1,019,522) |
| $(824,175) | |||||
| Credit Default Swaps - Sell Protection (Centrally Cleared) | |||||||
| Reference Entity | Notional Amount(1) (000's omitted) | Contract Annual Fixed Rate(2) | Current Market Annual Fixed Rate(3) | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) |
| Egypt | $158 | 1.00% (pays quarterly)(4) | 2.13% | 12/20/28 | $(4,057) | $23,757 | $19,700 |
| Total | $158 | $(4,057) | $23,757 | $19,700 | |||
| Credit Default Swaps - Buy Protection (Centrally Cleared) | |||||||
| Reference Entity | Notional Amount (000's omitted) | Contract Annual Fixed Rate(2) | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) | |
| Markit CDX Emerging Markets Index (CDX.EM.43.V1) | $ | 50 | 1.00% (pays quarterly)(4) | 6/20/30 | $(68) | $(1,387) | $(1,455) |
| Total | $(68) | $(1,387) | $(1,455) | ||||
| Credit Default Swaps - Sell Protection (OTC) | ||||||||
| Reference Entity | Counterparty | Notional Amount(1) (000's omitted) | Contract Annual Fixed Rate(2) | Current Market Annual Fixed Rate(3) | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) |
| Mexico | Citibank, N.A. | $ 2,041 | 1.00% (pays quarterly)(4) | 0.95% | 12/20/31 | $ 5,429 | $49,911 | $ 55,340 |
| Petroleos Mexicanos | Goldman Sachs International | 721 | 1.00% (pays quarterly)(4) | 1.01 | 6/20/27 | 115 | 8,705 | 8,820 |
| Credit Default Swaps - Sell Protection (OTC) (continued) | ||||||||
| Reference Entity | Counterparty | Notional Amount(1) (000's omitted) | Contract Annual Fixed Rate(2) | Current Market Annual Fixed Rate(3) | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) |
| Petroleos Mexicanos | Goldman Sachs International | $ 462 | 1.00% (pays quarterly)(4) | 1.01% | 6/20/27 | $ 74 | $ 6,219 | $ 6,293 |
| Petroleos Mexicanos | Goldman Sachs International | 92 | 1.00% (pays quarterly)(4) | 1.01 | 6/20/27 | 15 | 1,230 | 1,245 |
| Petroleos Mexicanos | JPMorgan Chase Bank, N.A. | 175 | 1.00% (pays quarterly)(4) | 0.99 | 6/20/27 | 64 | 2,624 | 2,688 |
| U.S. Land Banking | Goldman Sachs International | 8,500 | 5.50% (pays monthly) | 5.83 | 10/10/29 | (45,795) | — | (45,795) |
| U.S. Single Family Rental | Goldman Sachs International | 4,875 | 7.85% (pays monthly) | 8.06 | 3/18/28 | 44,391 | 2,867 | 47,258 |
| Total | $16,866 | $4,293 | $71,556 | $75,849 | ||||
| (1) | If the Fund is the seller of credit protection, the notional amount is the maximum potential amount of future payments the Fund could be required to make if a credit event, as defined in the credit default swap agreement, were to occur. At June 30, 2026, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $17,024,000. |
| (2) | The contract annual fixed rate represents the fixed rate of interest received by the Fund (as a seller of protection) or paid by the Fund (as a buyer of protection) on the notional amount of the credit default swap contract. |
| (3) | Current market annual fixed rates, utilized in determining the net unrealized appreciation or depreciation as of period end, serve as an indicator of the market’s perception of the current status of the payment/performance risk associated with the credit derivative. The current market annual fixed rate of a particular reference entity reflects the cost, as quoted by the pricing vendor, of selling protection against default of that entity as of period end and may include upfront payments required to be made to enter into the agreement. The higher the fixed rate, the greater the market perceived risk of a credit event involving the reference entity. A rate identified as “Defaulted” indicates a credit event has occurred for the reference entity. |
| (4) | Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon. |
| Abbreviations: | |
| COF | – Cost of Funds 11th District |
| EURIBOR | – Euro Interbank Offered Rate |
| OTC | – Over-the-counter |
| PIK | – Payment In Kind |
| RFUCCT | – FTSE USD IBOR Consumer Cash Fallbacks Term |
| SOFR | – Secured Overnight Financing Rate |
| SONIA | – Sterling Overnight Interbank Average |
| TBA | – To Be Announced |
| Currency Abbreviations: | |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| USD | – United States Dollar |
| Counterparty | Trade Date | Maturity Date | Interest Rate Paid (Received) | Principal Amount | Value Including Accrued Interest | |
| Bank of Montreal | 5/26/26 | On Demand(1) | 3.87% | $ | 14,027,563 | $ 14,080,342 |
| Bank of Montreal | 5/29/26 | On Demand(1) | 3.87 | 31,000,173 | 31,100,149 | |
| TD Securities (USA), LLC | 5/29/26 | On Demand(1) | 3.87 | 99,437,353 | 99,758,039 | |
| Total | $ | 144,465,089 | $144,938,530 |
| (1) | Open reverse repurchase agreement with no specific maturity date. Either party may terminate the agreement upon demand. |
| Description | Date(s) of Acquisition | Shares | Cost | Value |
| Common Stocks | ||||
| Enviva LLC | 12/6/24 | 33,067 | $ 218,980 | $ 646,460 |
| Total Common Stocks | $218,980 | $646,460 | ||
| Convertible Preferred Stocks | ||||
| QXO, Inc., 4.75% | 3/20/26,6/25/26 | 414 | $4,140,182 | $3,488,117 |
| Total Convertible Preferred Stocks | $4,140,182 | $3,488,117 | ||
| Total Restricted Securities | $4,359,162 | $4,134,577 |
| Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Interest/ Dividend income | Principal amount ($)/ Shares, end of period |
| Commercial Mortgage-Backed Securities | ||||||||
| Morgan Stanley Bank of America Merrill Lynch Trust: | ||||||||
| Series 2016-C29, Class D, 3.00%, 5/15/49 | $ 3,114,374 | $ — | $ — | $ — | $11,869 | $ 3,131,448 | $ 18,307 | $3,577,365 |
| Series 2016-C32, Class D, 3.396%, 12/15/49 | 1,410,984 | — | — | — | 31,145 | 1,445,807 | 17,262 | $1,600,000 |
| Morgan Stanley Capital I Trust, Series 2016-UBS12, Class D, 3.312%, 12/15/49 | 2,809,981 | — | — | — | (55,310) | 2,763,262 | 8,591 | $4,488,667 |
| Short-Term Investments | ||||||||
| Liquidity Fund, Institutional Class(1) | 31,036,744 | 227,677,719 | (229,380,481) | — | — | 29,333,982 | 292,410 | 29,333,982 |
| Total | $ — | $(12,296) | $36,674,499 | $336,570 |
| (1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
| • | Level 1 – quoted prices in active markets for identical investments |
| • | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
| Asset Description | Level 1 | Level 2 | Level 3* | Total |
| Asset-Backed Securities | $ — | $ 79,415,982 | $ — | $ 79,415,982 |
| Closed-End Funds | 18,734,236 | — | — | 18,734,236 |
| Collateralized Mortgage Obligations | — | 414,611,511 | 0 | 414,611,511 |
| Commercial Mortgage-Backed Securities | — | 113,083,426 | 0 | 113,083,426 |
| Common Stocks | 64,586 | 9,351,572 | 710,898 | 10,127,056 |
| Convertible Bonds | — | 4,573,270 | — | 4,573,270 |
| Convertible Preferred Stocks | — | — | 3,488,117 | 3,488,117 |
| Corporate Bonds | — | 561,440,511 | 0 | 561,440,511 |
| Government National Mortgage Association Participation Agreements | — | 7,623,693 | — | 7,623,693 |
| Preferred Stocks | — | 355,834 | 559,907 | 915,741 |
| Asset Description (continued) | Level 1 | Level 2 | Level 3* | Total |
| Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | $ — | $ 387,442,117 | $1,002,614 | $ 388,444,731 |
| Sovereign Government Bonds | — | 68,045,220 | — | 68,045,220 |
| Sovereign Loans | — | 2,036,329 | — | 2,036,329 |
| U.S. Government Agency Mortgage-Backed Securities | — | 158,562,043 | — | 158,562,043 |
| Warrants | — | 0 | — | 0 |
| Miscellaneous | — | — | 0 | 0 |
| Short-Term Investments: | ||||
| Affiliated Fund | 29,333,982 | — | — | 29,333,982 |
| U.S. Treasury Obligations | — | 6,944,441 | — | 6,944,441 |
| Total Investments | $48,132,804 | $1,813,485,949 | $5,761,536 | $1,867,380,289 |
| Forward Foreign Currency Exchange Contracts | $ — | $ 2,580,719 | $ — | $ 2,580,719 |
| Futures Contracts | 443,795 | — | — | 443,795 |
| Swap Contracts | — | 50,088 | — | 50,088 |
| Total | $48,576,599 | $1,816,116,756 | $5,761,536 | $1,870,454,891 |
| Liability Description | ||||
| Forward Foreign Currency Exchange Contracts | $ — | $ (83,611) | $ — | $ (83,611) |
| Futures Contracts | (1,267,970) | — | — | (1,267,970) |
| Swap Contracts | — | (49,920) | — | (49,920) |
| Total | $(1,267,970) | $ (133,531) | $ — | $ (1,401,501) |
| * | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |