| Asset-Backed Securities — 11.7% |
| Security | Principal Amount (000's omitted) | Value | |
| Aimco CLO 11 Ltd., Series 2020-11A, Class D1R2, 7.23%, (3 mo. SOFR + 2.95%), 7/17/37(1)(2) | $ | 3,000 | $ 3,012,888 |
| AMMC CLO 15 Ltd., Series 2014-15A, Class ERR, 11.428%, (3 mo. SOFR + 7.172%), 1/15/32(1)(2) | 500 | 501,775 | |
| ARES XXXIV CLO Ltd., Series 2015-2A, Class ER, 11.391%, (3 mo. SOFR + 7.112%), 4/17/33(1)(2) | 2,000 | 2,005,114 | |
| Babson CLO Ltd., Series 2022-4A, Class D1R, 7.52%, (3 mo. SOFR + 3.25%), 10/20/37(1)(2) | 2,000 | 2,009,002 | |
| Benefit Street Partners CLO XII-B Ltd., Series 2017-12BRA, Class D1, 7.306%, (3 mo. SOFR + 3.05%), 10/15/37(1)(2) | 2,000 | 2,009,442 | |
| Benefit Street Partners CLO XV Ltd., Series 2018-15A, Class D2R, 8.756%, (3 mo. SOFR + 4.50%), 7/15/37(1)(2) | 1,000 | 1,003,606 | |
| Benefit Street Partners CLO XVIII Ltd., Series 2019-18A, Class ER, 11.268%, (3 mo. SOFR + 7.012%), 10/15/34(1)(2) | 4,500 | 4,481,725 | |
| Benefit Street Partners CLO XXII Ltd., Series 2020-22A, Class ER, 11.20%, (3 mo. SOFR + 6.93%), 4/20/35(1)(2) | 2,000 | 2,013,060 | |
| Benefit Street Partners CLO XXXII Ltd.: | |||
| Series 2023-32A, Class D, 8.532%, (3 mo. SOFR + 4.25%), 10/25/36(1)(2) | 3,000 | 3,019,569 | |
| Series 2023-32A, Class E, 11.632%, (3 mo. SOFR + 7.35%), 10/25/36(1)(2) | 2,000 | 2,030,012 | |
| BlueMountain CLO Ltd.: | |||
| Series 2016-3A, Class ER, 10.538%, (3 mo. SOFR + 6.212%), 11/15/30(1)(2) | 2,000 | 1,945,682 | |
| Series 2018-1A, Class E, 10.491%, (3 mo. SOFR + 6.212%), 7/30/30(1)(2) | 1,000 | 909,317 | |
| BlueMountain CLO XXIV Ltd., Series 2019-24A, Class ER, 11.371%, (3 mo. SOFR + 7.102%), 4/20/34(1)(2) | 1,000 | 985,202 | |
| BlueMountain CLO XXVI Ltd., Series 2019-26A, Class ER, 11.661%, (3 mo. SOFR + 7.392%), 10/20/34(1)(2) | 2,500 | 2,501,585 | |
| BlueMountain CLO XXX Ltd., Series 2020-30A, Class ER, 10.956%, (3 mo. SOFR + 6.70%), 4/15/35(1)(2) | 2,000 | 1,970,668 | |
| BlueMountain CLO XXXIV Ltd., Series 2022-34A, Class E, 11.82%, (3 mo. SOFR + 7.55%), 4/20/35(1)(2) | 1,000 | 1,002,897 | |
| Brookhaven Park CLO Ltd., Series 2024-1A, Class D, 7.87%, (3 mo. SOFR + 3.60%), 4/19/37(1)(2) | 3,000 | 3,026,334 | |
| Bryant Park Funding Ltd., Series 2023-21A, Class D, 9.72%, (3 mo. SOFR + 5.45%), 10/18/36(1)(2) | 3,000 | 3,016,467 | |
| Security | Principal Amount (000's omitted) | Value | |
| Canyon Capital CLO Ltd., Series 2016-2A, Class ER, 10.518%, (3 mo. SOFR + 6.262%), 10/15/31(1)(2) | $ | 3,350 | $ 3,314,319 |
| Carlyle C17 CLO Ltd., Series C17A, Class DR, 10.541%, (3 mo. SOFR + 6.262%), 4/30/31(1)(2) | 1,750 | 1,740,062 | |
| Carlyle Global Market Strategies CLO Ltd.: | |||
| Series 2012-3A, Class DR2, 11.003%, (3 mo. SOFR + 6.762%), 1/14/32(1)(2) | 2,000 | 2,002,524 | |
| Series 2014-4RA, Class D, 10.168%, (3 mo. SOFR + 5.912%), 7/15/30(1)(2) | 1,250 | 1,242,375 | |
| Series 2015-5A, Class DR, 11.231%, (3 mo. SOFR + 6.962%), 1/20/32(1)(2) | 1,000 | 988,277 | |
| Carlyle U.S. CLO Ltd.: | |||
| Series 2022-6A, Class DR, 9.032%, (3 mo. SOFR + 4.75%), 10/25/36(1)(2) | 5,400 | 5,414,904 | |
| Series 2022-6A, Class ER, 12.182%, (3 mo. SOFR + 7.90%), 10/25/36(1)(2) | 2,000 | 2,033,168 | |
| Dryden 41 Senior Loan Fund, Series 2015-41A, Class ER, 9.818%, (3 mo. SOFR + 5.562%), 4/15/31(1)(2) | 2,000 | 1,901,932 | |
| Dryden 42 Senior Loan Fund, Series 2016-42A, Class ERR, 10.756%, (3 mo. SOFR + 6.50%), 7/15/37(1)(2) | 1,000 | 1,013,575 | |
| Elmwood CLO 14 Ltd., Series 2022-1A, Class E, 10.622%, (3 mo. SOFR + 6.35%), 4/20/35(1)(2) | 1,000 | 998,845 | |
| Elmwood CLO 32 Ltd., Series 2024-8A, Class D1, 7.122%, (3 mo. SOFR + 2.85%), 10/18/37(1)(2) | 3,000 | 3,009,537 | |
| Elmwood CLO VI Ltd., Series 2020-3A, Class D2RR, 8.62%, (3 mo. SOFR + 4.35%), 7/18/37(1)(2) | 1,000 | 1,005,739 | |
| Elmwood CLO VIII Ltd., Series 2021-1A, Class DR, 8.07%, (3 mo. SOFR + 3.80%), 4/20/37(1)(2) | 4,000 | 4,031,692 | |
| Galaxy 33 CLO Ltd., Series 2024-33A, Class D1, 7.82%, (3 mo. SOFR + 3.55%), 4/20/37(1)(2) | 2,000 | 2,010,224 | |
| Galaxy XXI CLO Ltd., Series 2015-21A, Class ER, 9.781%, (3 mo. SOFR + 5.512%), 4/20/31(1)(2) | 1,100 | 1,103,828 | |
| Golub Capital Partners CLO 50B-R Ltd., Series 2020-50A, Class ER, 11.372%, (3 mo. SOFR + 7.10%), 4/20/35(1)(2) | 2,000 | 2,010,486 | |
| Golub Capital Partners CLO 72 B Ltd., Series 2024-72A, Class D, 8.282%, (3 mo. SOFR + 4.00%), 4/25/37(1)(2) | 2,000 | 2,016,390 | |
| Harvest U.S. CLO Ltd., Series 2024-2A, Class D1, 7.506%, (3 mo. SOFR + 3.25%), 10/15/37(1)(2) | 3,000 | 3,006,198 | |
| Madison Park Funding LV Ltd., Series 2022-55A, Class D1R, 7.42%, (3 mo. SOFR + 3.15%), 7/18/37(1)(2) | 3,000 | 3,012,249 | |
| Madison Park Funding XXXVI Ltd., Series 2019-36A, Class ERR, 9.856%, (3 mo. SOFR + 5.60%), 4/15/35(1)(2) | 3,000 | 2,917,530 | |
| Security | Principal Amount (000's omitted) | Value | |
| Madison Park Funding XXXVII Ltd., Series 2019-37A, Class ER2, 10.856%, (3 mo. SOFR + 6.60%), 4/15/37(1)(2) | $ | 3,500 | $ 3,510,118 |
| Magnetite XXII Ltd.: | |||
| Series 2019-22A, Class DJ, 8.406%, (3 mo. SOFR + 4.15%), 7/15/36(1)(2) | 1,000 | 1,002,044 | |
| Series 2019-22A, Class DRR, 7.156%, (3 mo. SOFR + 2.90%), 7/15/36(1)(2) | 3,000 | 3,005,184 | |
| Marble Point CLO XIX Ltd., Series 2020-3A, Class DR, 8.27%, (3 mo. SOFR + 4.00%), 1/19/34(1)(2) | 3,000 | 3,005,130 | |
| Neuberger Berman Loan Advisers CLO 48 Ltd., Series 2022-48A, Class E, 10.782%, (3 mo. SOFR + 6.50%), 4/25/36(1)(2) | 2,000 | 2,012,792 | |
| NRZ Excess Spread-Collateralized Notes, Series 2021-GNT1, Class A, 3.474%, 11/25/26(1) | 1,159 | 1,123,617 | |
| Oaktree CLO Ltd., Series 2019-4A, Class D2RR, 8.97%, (3 mo. SOFR + 4.70%), 7/20/37(1)(2) | 2,000 | 2,009,028 | |
| OCP CLO Ltd.: | |||
| Series 2022-24A, Class D2R, 8.67%, (3 mo. SOFR + 4.40%), 10/20/37(1)(2) | 1,500 | 1,463,603 | |
| Series 2023-27A, Class DR, 7.611%, (3 mo. SOFR + 3.35%), 7/16/35(1)(2) | 2,000 | 2,007,686 | |
| Series 2024-32A, Class D1, 8.029%, (3 mo. SOFR + 3.75%), 4/23/37(1)(2) | 4,000 | 4,045,828 | |
| Octagon 68 Ltd.: | |||
| Series 2023-1A, Class D, 8.47%, (3 mo. SOFR + 4.20%), 10/20/36(1)(2) | 5,000 | 5,029,280 | |
| Series 2023-1A, Class E, 11.51%, (3 mo. SOFR + 7.24%), 10/20/36(1)(2) | 2,000 | 2,026,996 | |
| Palmer Square CLO Ltd.: | |||
| Series 2018-1A, Class CR, 8.17%, (3 mo. SOFR + 3.90%), 4/18/37(1)(2) | 3,000 | 3,028,878 | |
| Series 2019-1A, Class DR, 11.069%, (3 mo. SOFR + 6.762%), 11/14/34(1)(2) | 2,000 | 1,995,302 | |
| Series 2021-3A, Class E, 10.668%, (3 mo. SOFR + 6.412%), 1/15/35(1)(2) | 2,500 | 2,496,563 | |
| Series 2023-3A, Class D, 8.97%, (3 mo. SOFR + 4.70%), 1/20/37(1)(2) | 3,500 | 3,550,480 | |
| RAD CLO 5 Ltd., Series 2019-5A, Class E, 11.237%, (3 mo. SOFR + 6.962%), 7/24/32(1)(2) | 4,550 | 4,562,262 | |
| RAD CLO 22 Ltd., Series 2023-22A, Class D, 9.27%, (3 mo. SOFR + 5.00%), 1/20/37(1)(2) | 3,000 | 3,032,385 | |
| Regatta XIII Funding Ltd., Series 2018-2A, Class D, 10.468%, (3 mo. SOFR + 6.212%), 7/15/31(1)(2) | 2,000 | 1,946,720 | |
| Sixth Street CLO XXI Ltd., Series 2022-21A, Class D1R, 7.27%, (3 mo. SOFR + 3.00%), 10/21/37(1)(2) | 2,000 | 2,006,656 | |
| Security | Principal Amount (000's omitted) | Value | |
| Vibrant CLO XI Ltd., Series 2019-11A, Class D, 11.301%, (3 mo. SOFR + 7.032%), 7/20/32(1)(2) | $ | 575 | $ 575,294 |
| Voya CLO Ltd.: | |||
| Series 2015-3A, Class DR, 10.731%, (3 mo. SOFR + 6.462%), 10/20/31(1)(2) | 3,000 | 2,838,717 | |
| Series 2016-3A, Class DR, 10.611%, (3 mo. SOFR + 6.342%), 10/18/31(1)(2) | 1,400 | 1,342,614 | |
| Series 2024-2A, Class D, 7.47%, (3 mo. SOFR + 3.20%), 7/20/37(1)(2) | 2,000 | 2,002,114 | |
| Wellfleet CLO Ltd., Series 2020-1A, Class D, 11.758%, (3 mo. SOFR + 7.502%), 4/15/33(1)(2) | 2,000 | 1,974,072 | |
| Total Asset-Backed Securities (identified cost $143,457,034) | $ 143,811,562 | ||
| Closed-End Funds — 1.7% |
| Security | Shares | Value | |
| BlackRock Corporate High Yield Fund, Inc. | 2,188,579 | $ 21,338,645 | |
| Total Closed-End Funds (identified cost $26,062,179) | $ 21,338,645 | ||
| Collateralized Mortgage Obligations — 34.1% |
| 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)(3) | $ | 2,505 | $ 2,431,841 |
| Champs Trust: | |||
| Series 2024-1, Class A, 9.101%, 7/25/59(1)(4) | 8,220 | 8,524,088 | |
| Series 2024-2, Class A, 9.259%, 11/25/59(1)(4) | 9,079 | 9,478,512 | |
| Series 2025-1, Class A, 8.028%, 4/25/60(1)(4) | 11,282 | 11,807,574 | |
| Federal Home Loan Mortgage Corp.: | |||
| Series 2113, Class QG, 6.00%, 1/15/29 | 71 | 71,568 | |
| Series 2122, Class K, 6.00%, 2/15/29 | 12 | 11,944 | |
| Series 2130, Class K, 6.00%, 3/15/29 | 8 | 8,178 | |
| Series 2167, Class BZ, 7.00%, 6/15/29 | 7 | 7,135 | |
| Series 2182, Class ZB, 8.00%, 9/15/29 | 84 | 86,211 | |
| Series 2198, Class ZA, 8.50%, 11/15/29 | 50 | 51,249 | |
| Series 2458, Class ZB, 7.00%, 6/15/32 | 224 | 233,612 | |
| Series 3762, Class SH, 1.146%, (9.771% - 30-day SOFR Average x 2.00), 11/15/40(5) | 328 | 281,503 | |
| Series 4273, Class PU, 4.00%, 11/15/43 | 2,263 | 1,962,672 | |
| Series 4273, Class SP, 0.195%, (11.695% - 30-day SOFR Average x 2.667), 11/15/43(5) | 503 | 428,464 | |
| Series 4678, Class PC, 3.00%, 1/15/46 | 1,875 | 1,772,287 | |
| Security | Principal Amount (000's omitted) | Value | |
| Federal Home Loan Mortgage Corp.: (continued) | |||
| Series 5083, Class SK, 0.00%, (3.867% - 30-day SOFR Average x 1.333, Floor 0.00%), 3/25/51(5) | $ | 2,047 | $ 1,156,767 |
| Series 5327, Class B, 6.00%, 8/25/53 | 5,000 | 5,151,479 | |
| Series 5353, Class AZ, 6.50%, 11/25/53 | 2,228 | 2,349,961 | |
| Series 5410, Class KY, 6.00%, 5/25/54 | 36,000 | 36,586,786 | |
| Series 5414, Class CZ, 5.50%, 5/25/54 | 10,661 | 10,495,801 | |
| Series 5424, Class CZ, 6.00%, 6/25/54 | 16,290 | 16,557,659 | |
| Series 5428, Class Z, 6.00%, 7/25/54 | 4,247 | 4,300,980 | |
| Series 5429, Class DZ, 6.00%, 7/25/54 | 3,185 | 3,243,689 | |
| Series 5453, Class DZ, 5.50%, 9/25/54 | 5,234 | 4,901,774 | |
| Series 5478, Class SG, 6.039%, (15.51% - 30-day SOFR Average x 2.20), 12/25/54(5) | 7,818 | 8,110,571 | |
| Series 5500, Class SC, 8.085%, (21.00% - 30-day SOFR Average x 3.00), 10/25/54(5) | 7,479 | 8,220,820 | |
| Series 5508, Class AS, 8.085%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 7,504 | 8,309,464 | |
| Series 5508, Class DS, 8.085%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 4,208 | 4,761,152 | |
| Series 5508, Class SC, 8.085%, (21.00% - 30-day SOFR Average x 3.00), 2/25/55(5) | 9,346 | 10,514,833 | |
| Series 5513, Class MQ, 8.235%, (30-day SOFR Average + 3.95%), 6/25/54(2) | 9,450 | 9,771,200 | |
| Series 5516, Class HZ, 6.00%, 3/25/55 | 10,202 | 10,567,723 | |
| Series 5535, Class MB, 8.355%, (30-day SOFR Average + 4.05%), 5/25/55(2) | 3,899 | 3,986,091 | |
| Interest Only:(6) | |||
| Series 284, Class S6, 1.682%, (5.986% - 30-day SOFR Average), 10/15/42(5) | 911 | 100,685 | |
| Series 362, Class C7, 3.50%, 9/15/47 | 3,722 | 729,497 | |
| Series 362, Class C11, 4.00%, 12/15/47 | 3,431 | 750,699 | |
| Series 4067, Class JI, 3.50%, 6/15/27 | 177 | 4,055 | |
| Series 4070, Class S, 1.682%, (5.986% - 30-day SOFR Average), 6/15/32(5) | 1,626 | 96,258 | |
| Series 4094, Class CS, 1.582%, (5.886% - 30-day SOFR Average), 8/15/42(5) | 445 | 49,138 | |
| Series 4095, Class HS, 1.682%, (5.986% - 30-day SOFR Average), 7/15/32(5) | 268 | 10,088 | |
| Series 4109, Class ES, 1.732%, (6.036% - 30-day SOFR Average), 12/15/41(5) | 81 | 9,257 | |
| Series 4110, Class SA, 1.232%, (5.536% - 30-day SOFR Average), 9/15/42(5) | 1,453 | 104,009 | |
| Series 4149, Class S, 1.832%, (6.136% - 30-day SOFR Average), 1/15/33(5) | 879 | 55,483 | |
| Series 4188, Class AI, 3.50%, 4/15/28 | 109 | 1,892 | |
| Series 4203, Class QS, 1.832%, (6.136% - 30-day SOFR Average), 5/15/43(5) | 1,747 | 135,511 | |
| Series 4408, Class IP, 3.50%, 4/15/44 | 1,207 | 147,141 | |
| Series 4435, Class BI, 3.50%, 7/15/44 | 2,286 | 321,009 | |
| Series 4629, Class QI, 3.50%, 11/15/46 | 1,015 | 185,514 | |
| Series 4644, Class TI, 3.50%, 1/15/45 | 1,066 | 135,458 | |
| Security | Principal Amount (000's omitted) | Value | |
| Interest Only: (continued) | |||
| Series 4744, Class IO, 4.00%, 11/15/47 | $ | 1,754 | $ 364,486 |
| Series 4749, Class IL, 4.00%, 12/15/47 | 779 | 162,156 | |
| Series 4793, Class SD, 1.782%, (6.086% - 30-day SOFR Average), 6/15/48(5) | 3,637 | 466,975 | |
| Series 4966, Class SY, 1.63%, (5.936% - 30-day SOFR Average), 4/25/50(5) | 9,906 | 1,399,696 | |
| Principal Only:(7) | |||
| Series 242, Class PO, 0.00%, 11/15/36 | 1,430 | 1,179,381 | |
| Series 259, Class PO, 0.00%, 4/15/39 | 935 | 754,005 | |
| Series 3606, Class PO, 0.00%, 12/15/39 | 897 | 706,944 | |
| Series 4417, Class KO, 0.00%, 12/15/43 | 181 | 128,200 | |
| Series 4478, Class PO, 0.00%, 5/15/45 | 529 | 392,104 | |
| Federal National Mortgage Association: | |||
| Series 1996-57, Class Z, 7.00%, 12/25/26 | 13 | 12,956 | |
| Series 1997-77, Class Z, 7.00%, 11/18/27 | 22 | 22,822 | |
| Series 1998-44, Class ZA, 6.50%, 7/20/28 | 32 | 33,202 | |
| Series 1999-45, Class ZG, 6.50%, 9/25/29 | 9 | 9,534 | |
| Series 2000-22, Class PN, 6.00%, 7/25/30 | 154 | 156,803 | |
| Series 2002-21, Class PE, 6.50%, 4/25/32 | 124 | 127,733 | |
| Series 2005-75, Class CS, 6.521%, (23.742% - 30-day SOFR Average x 4.00), 9/25/35(5) | 416 | 479,264 | |
| Series 2007-74, Class AC, 5.00%, 8/25/37 | 1,508 | 1,516,864 | |
| Series 2011-49, Class NT, 6.00%, (64.855% - 30-day SOFR Average x 10.00, Cap 6.00%), 6/25/41(5) | 172 | 167,910 | |
| Series 2012-134, Class ZT, 2.00%, 12/25/42 | 1,272 | 924,878 | |
| Series 2013-6, Class TA, 1.50%, 1/25/43 | 766 | 690,058 | |
| Series 2013-67, Class NF, 5.00%, (30-day SOFR Average + 1.114%, Cap 5.00%), 7/25/43(2) | 947 | 897,910 | |
| Series 2017-15, Class LE, 3.00%, 6/25/46 | 344 | 337,371 | |
| Series 2017-48, Class LG, 2.75%, 5/25/47 | 1,217 | 1,081,029 | |
| Series 2019-29, Class WC, 1.764%, 6/25/48(4) | 802 | 0 | |
| Series 2024-90, Class ES, 6.149%, (15.620% - 30-day SOFR Average x 2.20), 10/25/54(5) | 9,911 | 10,665,622 | |
| Series 2024-98, Class J, 0.125%, 12/25/53 | 18,574 | 15,078,854 | |
| Interest Only:(6) | |||
| Series 2011-101, Class IC, 3.50%, 10/25/26 | 189 | 1,534 | |
| Series 2011-101, Class IE, 3.50%, 10/25/26 | 60 | 485 | |
| Series 2012-33, Class CI, 3.50%, 3/25/27 | 10 | 0 | |
| Series 2012-118, Class IN, 3.50%, 11/25/42 | 2,431 | 467,933 | |
| Series 2012-124, Class IO, 1.52%, 11/25/42(4) | 833 | 37,751 | |
| Series 2012-125, Class IG, 3.50%, 11/25/42 | 7,693 | 1,569,582 | |
| Series 2012-150, Class SK, 1.73%, (6.036% - 30-day SOFR Average), 1/25/43(5) | 1,396 | 164,649 | |
| Series 2013-12, Class SP, 1.23%, (5.536% - 30-day SOFR Average), 11/25/41(5) | 173 | 3,004 | |
| Series 2013-15, Class DS, 1.78%, (6.086% - 30-day SOFR Average), 3/25/33(5) | 2,339 | 148,138 | |
| Security | Principal Amount (000's omitted) | Value | |
| Interest Only: (continued) | |||
| Series 2013-16, Class SY, 1.73%, (6.036% - 30-day SOFR Average), 3/25/43(5) | $ | 777 | $ 92,733 |
| Series 2013-64, Class PS, 1.83%, (6.136% - 30-day SOFR Average), 4/25/43(5) | 967 | 82,984 | |
| Series 2013-75, Class SC, 1.83%, (6.136% - 30-day SOFR Average), 7/25/42(5) | 902 | 22,259 | |
| Series 2014-32, Class EI, 4.00%, 6/25/44 | 296 | 55,515 | |
| Series 2014-55, Class IN, 3.50%, 7/25/44 | 591 | 111,863 | |
| Series 2014-89, Class IO, 3.50%, 1/25/45 | 783 | 150,068 | |
| Series 2015-52, Class MI, 3.50%, 7/25/45 | 678 | 130,967 | |
| Series 2018-21, Class IO, 3.00%, 4/25/48 | 3,208 | 540,876 | |
| Series 2019-1, Class AS, 1.58%, (5.886% - 30-day SOFR Average), 2/25/49(5) | 5,226 | 437,989 | |
| Series 2019-33, Class SK, 1.63%, (5.936% - 30-day SOFR Average), 7/25/49(5) | 3,431 | 387,190 | |
| Series 2020-23, Class SP, 1.63%, (5.936% - 30-day SOFR Average), 2/25/50(5) | 3,051 | 434,814 | |
| Principal Only:(7) | |||
| Series 379, Class 1, 0.00%, 5/25/37 | 880 | 718,335 | |
| Series 2006-8, Class WQ, 0.00%, 3/25/36 | 1,388 | 1,151,789 | |
| Government National Mortgage Association: | |||
| Series 2017-121, Class DF, 4.932%, (1 mo. SOFR + 0.614%, Cap 5.00%), 8/20/47(2) | 2,576 | 2,509,598 | |
| Series 2017-137, Class AF, 4.932%, (1 mo. SOFR + 0.614%, Cap 5.00%), 9/20/47(2) | 1,344 | 1,308,658 | |
| Series 2018-6, Class JZ, 4.00%, 1/20/48 | 5,581 | 4,363,010 | |
| Series 2021-165, Class MZ, 2.50%, 9/20/51 | 9,621 | 5,693,297 | |
| Series 2022-189, Class US, 6.96%, (22.733% - 30-day SOFR Average x 3.667), 11/20/52(5) | 3,511 | 3,870,259 | |
| Series 2023-56, Class ZE, 6.00%, 4/20/53 | 11,385 | 11,785,662 | |
| Series 2023-63, Class S, 6.777%, (22.55% - 30-day SOFR Average x 3.667), 5/20/53(5) | 3,252 | 3,515,406 | |
| Series 2023-65, Class SD, 6.777%, (22.55% - 30-day SOFR Average x 3.667), 5/20/53(5) | 4,700 | 5,149,449 | |
| Series 2023-96, Class BL, 6.00%, 7/20/53 | 4,326 | 4,478,062 | |
| Series 2023-96, Class DB, 6.00%, 7/20/53 | 2,500 | 2,587,650 | |
| Series 2023-97, Class CB, 6.00%, 7/20/53 | 10,000 | 10,351,760 | |
| Series 2023-99, Class AL, 6.00%, 7/20/53 | 2,500 | 2,587,580 | |
| Series 2023-102, Class SG, 6.515%, (22.546% - 30-day SOFR Average x 3.727), 7/20/53(5) | 5,716 | 6,123,779 | |
| Series 2023-115, Class AL, 6.00%, 8/20/53 | 8,500 | 8,800,279 | |
| Series 2023-116, Class CY, 6.00%, 8/20/53 | 5,000 | 5,175,716 | |
| Series 2023-133, Class S, 8.695%, (21.60% - 30-day SOFR Average x 3.00), 9/20/53(5) | 2,769 | 3,109,499 | |
| Series 2023-149, Class S, 8.545%, (21.45% - 30-day SOFR Average x 3.00), 10/20/53(5) | 3,160 | 3,529,997 | |
| Series 2023-150, Class AS, 10.965%, (27.528% - 30-day SOFR Average x 3.85), 10/20/53(5) | 1,642 | 1,917,881 | |
| Series 2023-153, Class SM, 10.793%, (28.00% - 30-day SOFR Average x 4.00), 10/20/53(5) | 2,063 | 2,397,636 | |
| Security | Principal Amount (000's omitted) | Value | |
| Government National Mortgage Association: (continued) | |||
| Series 2023-164, Class EL, 6.00%, 11/20/53 | $ | 6,000 | $ 6,197,032 |
| Series 2023-165, Class DY, 6.00%, 11/20/53 | 12,000 | 12,379,003 | |
| Series 2023-165, Class EY, 6.50%, 11/20/53 | 30,000 | 31,567,014 | |
| Series 2023-173, Class AX, 6.00%, 11/20/53 | 6,000 | 6,190,966 | |
| Series 2023-181, Class CL, 6.50%, 11/20/53 | 2,000 | 2,109,873 | |
| Series 2023-182, Class EL, 6.00%, 12/20/53 | 3,000 | 3,098,412 | |
| Series 2025-90, Class MB, 8.397%, (30-day SOFR Average + 4.30%), 5/20/55(2) | 4,984 | 5,058,356 | |
| Series 2025-114, Class GT, 8.397%, (21.30% - 30-day SOFR Average), 7/20/55(5) | 5,000 | 5,189,473 | |
| Series 2025-115, Class F, 8.394%, (21.30% - 30-day SOFR Average), 7/20/55(5) | 5,000 | 5,165,060 | |
| Interest Only:(6) | |||
| Series 2017-104, Class SD, 1.768%, (6.086% - 1 mo. SOFR), 7/20/47(5) | 2,028 | 266,428 | |
| Series 2020-151, Class AI, 2.00%, 10/20/50 | 10,307 | 1,326,417 | |
| Series 2020-154, Class PI, 2.50%, 10/20/50 | 9,279 | 1,428,173 | |
| Series 2020-176, Class HI, 2.50%, 11/20/50 | 10,856 | 1,698,470 | |
| Series 2021-131, Class QI, 3.00%, 7/20/51 | 8,046 | 1,065,893 | |
| Series 2021-193, Class IU, 3.00%, 11/20/49 | 17,519 | 2,536,111 | |
| Series 2021-209, Class IW, 3.00%, 11/20/51 | 11,415 | 1,569,399 | |
| JPM Lending Facility, 11.338%, (SOFR + 7.00%), 7/15/29(2) | 8,250 | 8,310,274 | |
| Total Collateralized Mortgage Obligations (identified cost $440,834,867) | $ 417,858,029 | ||
| Commercial Mortgage-Backed Securities — 6.8% |
| Security | Principal Amount (000's omitted) | Value | |
| BAMLL Commercial Mortgage Securities Trust: | |||
| Series 2019-BPR, Class ENM, 3.843%, 11/5/32(1)(4) | $ | 910 | $ 721,369 |
| Series 2019-BPR, Class FNM, 3.843%, 11/5/32(1)(4) | 3,505 | 2,459,822 | |
| BBCMS Mortgage Trust, Series 2017-C1, Class D, 3.71%,2/15/50(1)(4) | 2,200 | 1,512,027 | |
| BX Commercial Mortgage Trust, Series 2021-VOLT, Class C, 5.526%, (1 mo. SOFR + 1.214%), 9/15/36(1)(2) | 1,938 | 1,929,476 | |
| CFCRE Commercial Mortgage Trust: | |||
| Series 2016-C3, Class C, 4.918%, 1/10/48(4) | 1,300 | 1,265,891 | |
| Series 2016-C3, Class D, 3.052%, 1/10/48(1)(4) | 3,500 | 3,275,453 | |
| COMM Mortgage Trust: | |||
| Series 2013-CR11, Class D, 4.613%, 8/10/50(1)(4) | 5,836 | 5,601,758 | |
| Security | Principal Amount (000's omitted) | Value | |
| COMM Mortgage Trust: (continued) | |||
| Series 2015-CR22, Class D, 3.975%, 3/10/48(1)(4) | $ | 4,100 | $ 3,165,784 |
| CSMC Trust: | |||
| Series 2016-NXSR, Class C, 4.557%, 12/15/49(4) | 2,770 | 2,499,842 | |
| Series 2016-NXSR, Class D, 4.557%, 12/15/49(1)(4) | 3,000 | 2,398,666 | |
| Federal National Mortgage Association Multifamily Connecticut Avenue Securities Trust, Series 2019-01, Class M10, 7.67%, (30-day SOFR Average + 3.364%), 10/25/49(1)(2) | 1,356 | 1,378,702 | |
| Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class G, 9.962%, (1 mo. SOFR + 5.65%), 12/15/39(1)(2) | 5,000 | 5,019,205 | |
| GSAT Trust: | |||
| Series 2025-BMF, Class ELP, 0.00%, 7/15/30(1)(8) | 330,000 | 0 | |
| Series 2025-BMF, Class G, 9.62%, (1 mo. SOFR + 5.30%), 7/15/30(1)(8) | 8,900 | 8,900,000 | |
| Series 2025-BMF, Class HRR, 10.16%, (1 mo. SOFR + 5.84%), 7/15/30(1)(8) | 16,500 | 16,500,000 | |
| JPMBB Commercial Mortgage Securities Trust: | |||
| Series 2014-C22, Class D, 4.658%, 9/15/47(1)(4) | 1,376 | 939,148 | |
| Series 2014-C23, Class D, 4.20%, 9/15/47(1)(4) | 3,488 | 3,001,751 | |
| JPMorgan Chase Commercial Mortgage Securities Trust: | |||
| Series 2013-C13, Class D, 4.116%, 1/15/46(1)(4) | 292 | 281,076 | |
| Series 2013-C16, Class D, 5.046%, 12/15/46(1)(4) | 2,532 | 2,395,771 | |
| Series 2014-DSTY, Class B, 3.771%, 6/10/27(1) | 2,600 | 109,200 | |
| Series 2021-MHC, Class C, 5.977%, (1 mo. SOFR + 1.664%), 4/15/38(1)(2) | 1,900 | 1,902,496 | |
| Morgan Stanley Bank of America Merrill Lynch Trust: | |||
| Series 2015-C23, Class D, 4.311%, 7/15/50(1)(4)(9) | 2,670 | 2,539,978 | |
| Series 2016-C29, Class D, 3.00%, 5/15/49(1)(9) | 3,577 | 2,713,795 | |
| Series 2016-C32, Class D, 3.396%, 12/15/49(1)(4)(9) | 1,600 | 1,273,036 | |
| Morgan Stanley Capital I Trust, Series 2016-UBS12, Class D, 3.312%,12/15/49(1)(9) | 4,489 | 2,726,433 | |
| UBS-Barclays Commercial Mortgage Trust, Series 2013-C6, Class D, 4.06%,4/10/46(1)(4) | 3,764 | 3,260,413 | |
| Wells Fargo Commercial Mortgage Trust: | |||
| Series 2015-C31, Class D, 3.852%, 11/15/48 | 2,475 | 2,148,295 | |
| Series 2016-C35, Class D, 3.142%, 7/15/48(1) | 1,850 | 1,710,227 | |
| Security | Principal Amount (000's omitted) | Value | |
| Wells Fargo Commercial Mortgage Trust: (continued) | |||
| Series 2016-C36, Class D, 2.942%, 11/15/59(1) | $ | 1,500 | $ 1,119,381 |
| Total Commercial Mortgage-Backed Securities (identified cost $88,271,009) | $ 82,748,995 | ||
| Common Stocks — 0.9% |
| Security | Shares | Value | |
| Aerospace and Defense — 0.0% | |||
| IAP Worldwide Services LLC(10)(11)(12) | 31 | $ 0 | |
| $ 0 | |||
| Commercial Services & Supplies — 0.0%† | |||
| Monitronics International, Inc.(11)(12) | 26,092 | $ 378,334 | |
| Phoenix Services International LLC(11)(12) | 17,026 | 68,104 | |
| Phoenix Services International LLC(11)(12) | 1,554 | 6,216 | |
| $ 452,654 | |||
| Containers and Glass Products — 0.0%† | |||
| LG Parent Holding Co.(11)(12) | 166,175 | $ 366,998 | |
| $ 366,998 | |||
| Diversified Financial Services — 0.0% | |||
| Sprint IntermediateCo BV(10)(11)(12) | 6,079 | $ 0 | |
| Sprint IntermediateCo BV(10)(11)(12) | 16,949 | 0 | |
| $ 0 | |||
| Electronic Equipment, Instruments & Components — 0.1% | |||
| Range Red Acquisitions LLC, Class A1(10)(11)(12) | 516 | $ 1,152,759 | |
| $ 1,152,759 | |||
| Electronics/Electrical — 0.0%† | |||
| Skillsoft Corp.(11)(12) | 7,153 | $ 114,233 | |
| $ 114,233 | |||
| Energy — 0.1% | |||
| Enviva LLC(11)(12)(13) | 44,272 | $ 868,838 | |
| $ 868,838 | |||
| Entertainment — 0.0%† | |||
| New Cineworld Ltd.(11)(12) | 12,854 | $ 304,363 | |
| $ 304,363 | |||
| Security | Shares | Value | |
| Health Care — 0.2% | |||
| Akorn Holding Co. LLC(10)(11)(12) | 42,374 | $ 0 | |
| Envision Parent, Inc.(11)(12) | 146,518 | 2,403,848 | |
| $ 2,403,848 | |||
| Household Durables — 0.2% | |||
| Serta Simmons Bedding, Inc.(11)(12) | 246,099 | $ 2,362,550 | |
| Serta SSB Equipment Co.(10)(11)(12) | 246,099 | 0 | |
| $ 2,362,550 | |||
| Investment Companies — 0.0% | |||
| Aegletes BV(10)(11)(12) | 11,215 | $ 0 | |
| $ 0 | |||
| Nonferrous Metals/Minerals — 0.1% | |||
| ACNR Holdings, Inc., Class A(10)(12) | 7,669 | $ 565,589 | |
| $ 565,589 | |||
| Oil and Gas — 0.0% | |||
| AFG Holdings, Inc.(10)(11)(12) | 29,751 | $ 0 | |
| $ 0 | |||
| Pharmaceuticals — 0.2% | |||
| Endo, Inc.(11)(12) | 1,090 | $ 22,876 | |
| Mallinckrodt International Finance SA(11)(12) | 31,584 | 2,684,640 | |
| $ 2,707,516 | |||
| Retail — 0.0% | |||
| Jubilee Enterprise PCL, Class A1(10)(11)(12) | 807 | $ 0 | |
| Jubilee Enterprise PCL, Class A2(10)(11)(12) | 644,824 | 0 | |
| $ 0 | |||
| Retailers (Except Food and Drug) — 0.0% | |||
| Phillips Feed Service, Inc.(10)(11)(12) | 582 | $ 0 | |
| $ 0 | |||
| Telecommunications — 0.0% | |||
| Anuvu(10)(11)(12) | 37,259 | $ 0 | |
| $ 0 | |||
| Total Common Stocks (identified cost $13,224,821) | $ 11,299,348 | ||
| Convertible Bonds — 0.1% |
| Security | Principal Amount* (000's omitted) | Value | |
| Internet Software & Services — 0.0%† | |||
| Delivery Hero SE: | |||
| 2.125%, 3/10/29(14) | EUR | 300 | $ 311,137 |
| 3.25%, 2/21/30(14) | EUR | 100 | 112,648 |
| $ 423,785 | |||
| Real Estate Investment Trusts (REITs) — 0.1% | |||
| Pebblebrook Hotel Trust, 1.75%, 12/15/26 | 795 | $ 753,328 | |
| $ 753,328 | |||
| Total Convertible Bonds (identified cost $1,140,438) | $ 1,177,113 | ||
| Corporate Bonds — 50.4% |
| Security | Principal Amount* (000's omitted) | Value | |
| Aerospace and Defense — 0.8% | |||
| Bombardier, Inc.: | |||
| 7.00%, 6/1/32(1) | 710 | $ 740,271 | |
| 7.25%, 7/1/31(1) | 1,000 | 1,050,950 | |
| 7.875%, 4/15/27(1) | 190 | 191,216 | |
| 8.75%, 11/15/30(1) | 1,125 | 1,219,308 | |
| Czechoslovak Group AS, 5.25%, 1/10/31(1)(8) | EUR | 150 | 179,873 |
| Moog, Inc., 4.25%, 12/15/27(1) | 955 | 934,690 | |
| TransDigm, Inc.: | |||
| 4.875%, 5/1/29 | 1,764 | 1,734,472 | |
| 6.375%, 3/1/29(1) | 650 | 667,674 | |
| 6.625%, 3/1/32(1) | 1,045 | 1,083,292 | |
| 6.75%, 8/15/28(1) | 1,812 | 1,852,571 | |
| $ 9,654,317 | |||
| Agriculture — 0.1% | |||
| Darling Ingredients, Inc., 6.00%, 6/15/30(1) | 814 | $ 825,452 | |
| $ 825,452 | |||
| Air Transport — 0.1% | |||
| Deutsche Lufthansa AG, 4.382% to 2/12/26, 8/12/75(14)(15) | EUR | 200 | $ 236,655 |
| Gatwick Airport Finance PLC, 4.375%, 4/7/26(14) | GBP | 400 | 546,082 |
| Heathrow Finance PLC: | |||
| 4.125%, 9/1/29(14) | GBP | 100 | 126,558 |
| Security | Principal Amount* (000's omitted) | Value | |
| Air Transport (continued) | |||
| Heathrow Finance PLC: (continued) | |||
| 6.625%, 3/1/31(14) | GBP | 220 | $ 300,893 |
| $ 1,210,188 | |||
| Airlines — 0.3% | |||
| VistaJet Malta Finance PLC/Vista Management Holding, Inc.: | |||
| 6.375%, 2/1/30(1) | 2,806 | $ 2,633,445 | |
| 9.50%, 6/1/28(1) | 994 | 1,022,401 | |
| $ 3,655,846 | |||
| Apparel & Luxury Goods — 0.7% | |||
| Beach Acquisition Bidco LLC: | |||
| 5.25%, 7/15/32(1)(8) | EUR | 330 | $ 391,935 |
| 5.25%, 7/15/32(8)(14) | EUR | 200 | 237,569 |
| 10.00%, (10.00% cash or 10.75% PIK), 7/15/33(1)(8)(16) | 6,300 | 6,545,795 | |
| Champ Acquisition Corp., 8.375%, 12/1/31(1) | 1,366 | 1,454,963 | |
| VF Corp., 0.25%, 2/25/28 | EUR | 310 | 319,925 |
| $ 8,950,187 | |||
| Automotive — 1.6% | |||
| Asbury Automotive Group, Inc.: | |||
| 4.625%, 11/15/29(1) | 512 | $ 494,721 | |
| 4.75%, 3/1/30 | 1,134 | 1,098,788 | |
| 5.00%, 2/15/32(1) | 217 | 206,604 | |
| Clarios Global LP/Clarios U.S. Finance Co.: | |||
| 4.75%, 6/15/31(14) | EUR | 130 | 154,002 |
| 6.75%, 2/15/30(1) | 1,840 | 1,914,680 | |
| 8.50%, 5/15/27(1) | 3,484 | 3,505,792 | |
| Dana Financing Luxembourg SARL, 8.50%, 7/15/31(14) | EUR | 100 | 128,321 |
| Forvia SE: | |||
| 5.50%, 6/15/31(14) | EUR | 223 | 259,594 |
| 8.00%, 6/15/30(1) | 300 | 307,751 | |
| Goodyear Tire & Rubber Co., 5.00%, 7/15/29 | 1,433 | 1,401,953 | |
| IHO Verwaltungs GmbH: | |||
| 6.375%, (6.375% cash or 7.125% PIK), 5/15/29(1)(16) | 200 | 200,301 | |
| 7.00%, (7.00% cash or 7.75% PIK), 11/15/31(14)(16) | EUR | 100 | 124,750 |
| 8.75%, (8.75% cash or 9.50% PIK), 5/15/28(14)(16) | EUR | 200 | 246,851 |
| Lithia Motors, Inc.: | |||
| 3.875%, 6/1/29(1) | 651 | 621,370 | |
| 4.375%, 1/15/31(1) | 1,171 | 1,114,270 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Automotive (continued) | |||
| Lithia Motors, Inc.: (continued) | |||
| 4.625%, 12/15/27(1) | 514 | $ 510,382 | |
| New Flyer Holdings, Inc., 9.25%, 7/1/30(1) | 1,248 | 1,317,678 | |
| RCI Banque SA: | |||
| 4.75% to 12/24/31, 3/24/37(14)(15) | EUR | 100 | 118,900 |
| 5.50% to 7/9/29, 10/9/34(14)(15) | EUR | 100 | 123,992 |
| Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29(1) | 2,173 | 1,574,106 | |
| Renault SA, 2.375%, 5/25/26(14) | EUR | 100 | 117,280 |
| Sonic Automotive, Inc.: | |||
| 4.625%, 11/15/29(1) | 2,297 | 2,230,356 | |
| 4.875%, 11/15/31(1) | 1,081 | 1,028,140 | |
| Volkswagen International Finance NV, 7.875% to 9/6/32(14)(15)(17) | EUR | 200 | 266,917 |
| $ 19,067,499 | |||
| Beverages — 0.1% | |||
| Primo Water Holdings, Inc./Triton Water Holdings, Inc., 6.25%, 4/1/29(1) | 1,712 | $ 1,725,355 | |
| $ 1,725,355 | |||
| Building and Development — 2.8% | |||
| Ashton Woods USA LLC/Ashton Woods Finance Co.: | |||
| 4.625%, 8/1/29(1) | 392 | $ 374,646 | |
| 4.625%, 4/1/30(1) | 1,097 | 1,047,400 | |
| Builders FirstSource, Inc.: | |||
| 4.25%, 2/1/32(1) | 2,498 | 2,316,058 | |
| 5.00%, 3/1/30(1) | 1,085 | 1,065,945 | |
| CP Atlas Buyer, Inc., 7.00%, 12/1/28(1) | 2,055 | 1,903,746 | |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc.: | |||
| 6.375%, 12/15/30(14) | EUR | 700 | 868,339 |
| 6.625%, 12/15/30(1) | 1,782 | 1,823,738 | |
| HT Troplast GmbH, 9.375%, 7/15/28(14) | EUR | 125 | 155,702 |
| James Hardie International Finance DAC, 3.625%, 10/1/26(14) | EUR | 400 | 471,710 |
| JH North America Holdings, Inc.: | |||
| 5.875%, 1/31/31(1) | 704 | 710,587 | |
| 6.125%, 7/31/32(1) | 905 | 920,592 | |
| KB Home: | |||
| 4.00%, 6/15/31 | 86 | 79,892 | |
| 4.80%, 11/15/29 | 556 | 541,912 | |
| LBM Acquisition LLC, 6.25%, 1/15/29(1) | 49 | 42,549 | |
| Masterbrand, Inc., 7.00%, 7/15/32(1) | 1,620 | 1,656,567 | |
| Miller Homes Group Finco PLC: | |||
| 6.529%, (3 mo. EURIBOR + 4.25%), 10/15/30(2)(14) | EUR | 200 | 239,772 |
| Security | Principal Amount* (000's omitted) | Value | |
| Building and Development (continued) | |||
| Miller Homes Group Finco PLC: (continued) | |||
| 7.00%, 5/15/29(14) | GBP | 100 | $ 138,473 |
| MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 2/1/30(1) | 559 | 532,792 | |
| New Home Co., Inc., 8.50%, 11/1/30(1) | 775 | 790,279 | |
| Patrick Industries, Inc.: | |||
| 4.75%, 5/1/29(1) | 1,187 | 1,153,695 | |
| 6.375%, 11/1/32(1) | 995 | 998,435 | |
| Quikrete Holdings, Inc.: | |||
| 6.375%, 3/1/32(1) | 2,027 | 2,085,671 | |
| 6.75%, 3/1/33(1) | 2,221 | 2,293,074 | |
| Smyrna Ready Mix Concrete LLC, 6.00%, 11/1/28(1) | 3,078 | 3,072,416 | |
| Specialty Building Products Holdings LLC/SBP Finance Corp., 7.75%, 10/15/29(1) | 2,264 | 2,226,942 | |
| Standard Building Solutions, Inc., 6.50%, 8/15/32(1) | 670 | 686,940 | |
| Standard Industries, Inc.: | |||
| 2.25%, 11/21/26(14) | EUR | 125 | 145,912 |
| 3.375%, 1/15/31(1) | 2,339 | 2,099,278 | |
| 4.375%, 7/15/30(1) | 1,779 | 1,685,543 | |
| Taylor Morrison Communities, Inc., 5.875%, 6/15/27(1) | 808 | 822,163 | |
| White Cap Buyer LLC, 6.875%, 10/15/28(1) | 1,737 | 1,735,685 | |
| $ 34,686,453 | |||
| Business Equipment and Services — 0.6% | |||
| Adtalem Global Education, Inc., 5.50%, 3/1/28(1) | 1,900 | $ 1,885,803 | |
| Allied Universal Holdco LLC, 7.875%, 2/15/31(1) | 1,630 | 1,704,299 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 6/1/29(1) | 1,426 | 1,388,183 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL: | |||
| 3.625%, 6/1/28(14) | EUR | 468 | 539,722 |
| 4.625%, 6/1/28(1) | 1,316 | 1,276,999 | |
| 4.625%, 6/1/28(1) | 549 | 533,242 | |
| $ 7,328,248 | |||
| Cable and Satellite Television — 1.7% | |||
| Altice Financing SA: | |||
| 3.00%, 1/15/28(14) | EUR | 100 | $ 87,407 |
| 4.25%, 8/15/29(14) | EUR | 200 | 173,995 |
| 5.00%, 1/15/28(1) | 814 | 613,132 | |
| 5.75%, 8/15/29(1) | 611 | 446,761 | |
| CCO Holdings LLC/CCO Holdings Capital Corp.: | |||
| 4.25%, 2/1/31(1) | 2,589 | 2,420,206 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Cable and Satellite Television (continued) | |||
| CCO Holdings LLC/CCO Holdings Capital Corp.: (continued) | |||
| 4.50%, 8/15/30(1) | 1,814 | $ 1,730,564 | |
| 4.50%, 5/1/32 | 535 | 498,549 | |
| 4.75%, 3/1/30(1) | 1,789 | 1,734,520 | |
| 5.00%, 2/1/28(1) | 1,755 | 1,740,030 | |
| 5.375%, 6/1/29(1) | 595 | 593,238 | |
| 6.375%, 9/1/29(1) | 1,974 | 2,014,973 | |
| DISH Network Corp., 11.75%, 11/15/27(1) | 2,075 | 2,140,562 | |
| Virgin Media Finance PLC, 5.00%, 7/15/30(1) | 1,576 | 1,441,552 | |
| Virgin Media O2 Vendor Financing Notes V DAC, 7.875%, 3/15/32(1) | GBP | 120 | 168,799 |
| Virgin Media Secured Finance PLC: | |||
| 4.50%, 8/15/30(1) | 1,342 | 1,248,080 | |
| 5.25%, 5/15/29(14) | GBP | 200 | 265,522 |
| Virgin Media Vendor Financing Notes III DAC, 4.875%, 7/15/28(14) | GBP | 725 | 950,388 |
| Virgin Media Vendor Financing Notes IV DAC, 5.00%, 7/15/28(1) | 1,413 | 1,384,246 | |
| Ziggo BV, 4.875%, 1/15/30(1) | 628 | 587,261 | |
| $ 20,239,785 | |||
| Capital Goods — 0.1% | |||
| BWX Technologies, Inc.: | |||
| 4.125%, 6/30/28(1) | 948 | $ 925,532 | |
| 4.125%, 4/15/29(1) | 733 | 707,216 | |
| $ 1,632,748 | |||
| Chemicals — 0.3% | |||
| Calderys Financing II LLC, 11.75%, (11.75% cash or 12.50% PIK), 6/1/28(1)(16) | 1,360 | $ 1,413,418 | |
| Calderys Financing LLC, 11.25%, 6/1/28(1) | 2,315 | 2,457,107 | |
| CTEC II GmbH, 5.25%, 2/15/30(14) | EUR | 250 | 251,992 |
| $ 4,122,517 | |||
| Chemicals and Plastics — 1.3% | |||
| ASK Chemicals Deutschland Holding GmbH, 10.00%, 11/15/29(14) | EUR | 200 | $ 235,523 |
| Avient Corp.: | |||
| 6.25%, 11/1/31(1) | 893 | 901,906 | |
| 7.125%, 8/1/30(1) | 1,762 | 1,818,655 | |
| Celanese U.S. Holdings LLC: | |||
| 5.00%, 4/15/31 | EUR | 230 | 270,421 |
| 6.75%, 4/15/33 | 524 | 529,867 | |
| 7.20%, 11/15/33 | 2,126 | 2,258,205 | |
| Cerdia Finanz GmbH, 9.375%, 10/3/31(1) | 2,419 | 2,513,268 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Chemicals and Plastics (continued) | |||
| Herens Holdco SARL, 4.75%, 5/15/28(1) | 545 | $ 489,563 | |
| Herens Midco SARL, 5.25%, 5/15/29(14) | EUR | 280 | 243,101 |
| INEOS Finance PLC, 6.375%, 4/15/29(14) | EUR | 100 | 119,510 |
| Italmatch Chemicals SpA, 10.00%, 2/6/28(14) | EUR | 400 | 496,382 |
| Nufarm Australia Ltd./Nufarm Americas, Inc., 5.00%, 1/27/30(1) | 483 | 446,054 | |
| Olympus Water U.S. Holding Corp.: | |||
| 3.875%, 10/1/28(14) | EUR | 110 | 127,210 |
| 9.625%, 11/15/28(14) | EUR | 525 | 650,988 |
| 9.75%, 11/15/28(1) | 3,213 | 3,387,402 | |
| Valvoline, Inc., 3.625%, 6/15/31(1) | 1,403 | 1,271,521 | |
| WR Grace Holdings LLC: | |||
| 5.625%, 8/15/29(1) | 385 | 348,858 | |
| 7.375%, 3/1/31(1) | 380 | 389,421 | |
| $ 16,497,855 | |||
| Clothing/Textiles — 0.1% | |||
| Hanesbrands, Inc., 9.00%, 2/15/31(1) | 1,349 | $ 1,429,569 | |
| PrestigeBidCo GmbH, 6.029%, (3 mo. EURIBOR + 3.75%), 7/1/29(2)(14) | EUR | 100 | 118,637 |
| $ 1,548,206 | |||
| Commercial Services — 2.5% | |||
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.875%, 6/15/30(1) | 745 | $ 755,806 | |
| Amber Finco PLC, 6.625%, 7/15/29(1) | EUR | 165 | 203,720 |
| AMN Healthcare, Inc.: | |||
| 4.00%, 4/15/29(1) | 1,696 | 1,573,334 | |
| 4.625%, 10/1/27(1) | 156 | 151,841 | |
| APi Group DE, Inc., 4.75%, 10/15/29(1) | 2,510 | 2,473,526 | |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.375%, 6/15/32(1) | 545 | 570,560 | |
| Belron U.K. Finance PLC: | |||
| 4.625%, 10/15/29(1) | EUR | 230 | 276,848 |
| 5.75%, 10/15/29(1) | 2,115 | 2,134,179 | |
| Boost Newco Borrower LLC, 7.50%, 1/15/31(1) | 1,328 | 1,410,635 | |
| Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV, 8.50%, 1/15/31(14) | GBP | 200 | 295,186 |
| Cimpress PLC, 7.375%, 9/15/32(1) | 885 | 845,841 | |
| Currenta Group Holdings SARL, 6.143%, (3 mo. EURIBOR + 4.00%), 5/15/32(1)(2) | EUR | 200 | 237,164 |
| HealthEquity, Inc., 4.50%, 10/1/29(1) | 1,674 | 1,629,694 | |
| Herc Holdings, Inc.: | |||
| 7.00%, 6/15/30(1) | 1,180 | 1,233,079 | |
| 7.25%, 6/15/33(1) | 1,010 | 1,058,936 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Commercial Services (continued) | |||
| IPD 3 BV, 5.50%, 6/15/31(1) | EUR | 200 | $ 239,216 |
| Korn Ferry, 4.625%, 12/15/27(1) | 1,912 | 1,904,542 | |
| Loxam SAS, 2.875%, 4/15/26(14) | EUR | 100 | 117,800 |
| Mavis Tire Express Services Topco Corp., 6.50%, 5/15/29(1) | 2,923 | 2,873,513 | |
| NESCO Holdings II, Inc., 5.50%, 4/15/29(1) | 1,647 | 1,605,693 | |
| OT Midco, Inc., 10.00%, 2/15/30(1) | 1,000 | 774,251 | |
| Pachelbel Bidco SpA: | |||
| 7.125%, 5/17/31(1) | EUR | 120 | 152,702 |
| 7.125%, 5/17/31(14) | EUR | 100 | 127,252 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.: | |||
| 5.50%, 5/15/33(14) | EUR | 205 | 250,404 |
| 6.75%, 8/15/32(1) | 1,046 | 1,086,997 | |
| Verisure Holding AB: | |||
| 3.25%, 2/15/27(14) | EUR | 200 | 234,422 |
| 9.25%, 10/15/27(14) | EUR | 180 | 221,370 |
| VT Topco, Inc., 8.50%, 8/15/30(1) | 2,193 | 2,313,847 | |
| Wand NewCo 3, Inc., 7.625%, 1/30/32(1) | 2,214 | 2,328,749 | |
| WASH Multifamily Acquisition, Inc., 5.75%, 4/15/26(1) | 2,060 | 2,054,050 | |
| $ 31,135,157 | |||
| Computers — 1.2% | |||
| Almaviva-The Italian Innovation Co. SpA, 5.00%, 10/30/30(8)(14) | EUR | 320 | $ 378,026 |
| Amentum Holdings, Inc., 7.25%, 8/1/32(1) | 1,042 | 1,073,112 | |
| Atos SE: | |||
| 5.00% to 12/18/25, 12/18/30(3)(14) | EUR | 252 | 253,673 |
| 9.00% to 12/18/25, 12/18/29(3)(14) | EUR | 287 | 378,122 |
| CACI International, Inc., 6.375%, 6/15/33(1) | 1,110 | 1,146,850 | |
| Diebold Nixdorf, Inc., 7.75%, 3/31/30(1) | 1,892 | 2,011,943 | |
| Fortress Intermediate 3, Inc., 7.50%, 6/1/31(1) | 3,000 | 3,146,601 | |
| Insight Enterprises, Inc., 6.625%, 5/15/32(1) | 1,772 | 1,826,845 | |
| McAfee Corp., 7.375%, 2/15/30(1) | 1,887 | 1,783,901 | |
| Seagate HDD Cayman: | |||
| 4.091%, 6/1/29 | 418 | 400,783 | |
| 9.625%, 12/1/32 | 2,300 | 2,594,587 | |
| $ 14,994,443 | |||
| Containers and Glass Products — 0.4% | |||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC: | |||
| 3.00%, 9/1/29(14) | EUR | 1,325 | $ 1,403,268 |
| 4.00%, 9/1/29(1) | 1,139 | 1,040,838 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Containers and Glass Products (continued) | |||
| Canpack SA/Canpack U.S. LLC, 3.875%, 11/15/29(1) | 2,027 | $ 1,900,215 | |
| Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26 | 660 | 656,714 | |
| $ 5,001,035 | |||
| Cosmetics/Toiletries — 0.1% | |||
| Edgewell Personal Care Co.: | |||
| 4.125%, 4/1/29(1) | 441 | $ 416,979 | |
| 5.50%, 6/1/28(1) | 1,067 | 1,062,497 | |
| Opal Bidco SAS, 5.50%, 3/31/32(1) | EUR | 100 | 120,446 |
| $ 1,599,922 | |||
| Distribution & Wholesale — 0.8% | |||
| Performance Food Group, Inc.: | |||
| 4.25%, 8/1/29(1) | 2,429 | $ 2,344,565 | |
| 5.50%, 10/15/27(1) | 935 | 933,831 | |
| 6.125%, 9/15/32(1) | 960 | 983,217 | |
| RB Global Holdings, Inc.: | |||
| 6.75%, 3/15/28(1) | 1,132 | 1,162,587 | |
| 7.75%, 3/15/31(1) | 422 | 444,159 | |
| Rexel SA, 5.25%, 9/15/30(14) | EUR | 150 | 185,239 |
| Windsor Holdings III LLC, 8.50%, 6/15/30(1) | 2,847 | 3,054,482 | |
| Wolseley Group Finco PLC, 9.75%, 1/31/31(14) | GBP | 180 | 250,582 |
| $ 9,358,662 | |||
| Diversified Financial Services — 1.3% | |||
| Azorra Finance Ltd., 7.25%, 1/15/31(1)(8) | 1,194 | $ 1,221,966 | |
| CI Financial Corp., 4.10%, 6/15/51 | 1,365 | 971,375 | |
| Focus Financial Partners LLC, 6.75%, 9/15/31(1) | 1,600 | 1,634,302 | |
| Hightower Holding LLC, 9.125%, 1/31/30(1) | 1,576 | 1,679,288 | |
| Jane Street Group/JSG Finance, Inc.: | |||
| 4.50%, 11/15/29(1) | 1,101 | 1,068,947 | |
| 6.125%, 11/1/32(1) | 2,040 | 2,060,749 | |
| Phoenix Aviation Capital Ltd., 9.25%, 7/15/30(1) | 1,212 | 1,256,247 | |
| Rocket Cos., Inc.: | |||
| 6.125%, 8/1/30(1) | 1,260 | 1,284,765 | |
| 6.375%, 8/1/33(1) | 1,890 | 1,936,212 | |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.: | |||
| 3.625%, 3/1/29(1) | 2,648 | 2,518,274 | |
| 4.00%, 10/15/33(1) | 225 | 201,456 | |
| Sherwood Financing PLC, 7.625%, 12/15/29(14) | EUR | 390 | 466,435 |
| Unifin Financiera SAB de CV: | |||
| 7.375%, 2/12/26(1)(10)(18) | 620 | 0 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Diversified Financial Services (continued) | |||
| Unifin Financiera SAB de CV: (continued) | |||
| 7.375%, 2/12/26(1)(10)(18) | 620 | $ 0 | |
| $ 16,300,016 | |||
| Drugs — 0.2% | |||
| Perrigo Finance Unlimited Co.: | |||
| 4.90%, 6/15/30 | 2,255 | $ 2,218,748 | |
| 4.90%, 12/15/44 | 588 | 460,278 | |
| 5.375%, 9/30/32 | EUR | 250 | 302,589 |
| $ 2,981,615 | |||
| Ecological Services and Equipment — 0.8% | |||
| Clean Harbors, Inc.: | |||
| 4.875%, 7/15/27(1) | 551 | $ 548,688 | |
| 5.125%, 7/15/29(1) | 332 | 328,830 | |
| 6.375%, 2/1/31(1) | 643 | 659,241 | |
| GFL Environmental, Inc.: | |||
| 4.375%, 8/15/29(1) | 2,000 | 1,943,705 | |
| 4.75%, 6/15/29(1) | 3,095 | 3,056,156 | |
| Luna 2 5SARL, 5.50%, 7/1/32(8)(14) | EUR | 100 | 120,235 |
| Paprec Holding SA, 7.25%, 11/17/29(14) | EUR | 100 | 123,608 |
| Reworld Holding Corp.: | |||
| 4.875%, 12/1/29(1) | 1,536 | 1,462,477 | |
| 5.00%, 9/1/30 | 319 | 302,194 | |
| Wrangler Holdco Corp., 6.625%, 4/1/32(1) | 690 | 718,877 | |
| $ 9,264,011 | |||
| Electric Utilities — 1.4% | |||
| Alpha Generation LLC, 6.75%, 10/15/32(1) | 2,791 | $ 2,878,944 | |
| Atlantica Sustainable Infrastructure Ltd., 4.125%, 6/15/28(1) | 660 | 631,444 | |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC: | |||
| 5.625%, 2/15/32(1) | EUR | 385 | 467,073 |
| 5.625%, 2/15/32(14) | EUR | 100 | 121,374 |
| 6.375%, 2/15/32(1) | 1,115 | 1,117,810 | |
| Clearway Energy Operating LLC, 3.75%, 2/15/31(1) | 694 | 637,729 | |
| Electricite de France SA, 7.50% to 9/6/28(14)(15)(17) | EUR | 400 | 519,435 |
| Enel SpA, 6.625% to 4/16/31(14)(15)(17) | EUR | 300 | 394,777 |
| Nexans SA, 4.125%, 5/29/29(14) | EUR | 100 | 120,918 |
| Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 8/15/28(1) | 1,112 | 1,078,069 | |
| Public Power Corp. SA, 4.625%, 10/31/31(14) | EUR | 300 | 362,201 |
| TransAlta Corp., 7.75%, 11/15/29 | 1,045 | 1,098,615 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Electric Utilities (continued) | |||
| WESCO Distribution, Inc.: | |||
| 6.375%, 3/15/29(1) | 1,848 | $ 1,903,592 | |
| 6.375%, 3/15/33(1) | 995 | 1,029,120 | |
| 6.625%, 3/15/32(1) | 854 | 888,519 | |
| 7.25%, 6/15/28(1) | 915 | 926,987 | |
| XPLR Infrastructure Operating Partners LP: | |||
| 4.50%, 9/15/27(1) | 1,207 | 1,177,337 | |
| 8.375%, 1/15/31(1) | 760 | 812,352 | |
| 8.625%, 3/15/33(1) | 765 | 820,499 | |
| $ 16,986,795 | |||
| Electronics/Electrical — 1.0% | |||
| Castello BC Bidco SpA: | |||
| 6.48%, (3 mo. EURIBOR + 4.50%), 11/14/31(2)(14) | EUR | 220 | $ 261,156 |
| 6.48%, (3 mo. EURIBOR + 4.50%), 11/14/31(1)(2) | EUR | 125 | 148,384 |
| Coherent Corp., 5.00%, 12/15/29(1) | 1,219 | 1,198,487 | |
| EquipmentShare.com, Inc., 8.625%, 5/15/32(1) | 825 | 877,750 | |
| Imola Merger Corp., 4.75%, 5/15/29(1) | 4,165 | 4,023,921 | |
| Open Text Corp., 3.875%, 2/15/28(1) | 1,009 | 979,447 | |
| Open Text Holdings, Inc., 4.125%, 2/15/30(1) | 883 | 835,353 | |
| RWE AG, 6.625% to 3/30/26, 7/30/75(14)(15) | 266 | 268,332 | |
| Sensata Technologies, Inc.: | |||
| 3.75%, 2/15/31(1) | 1,660 | 1,514,728 | |
| 4.375%, 2/15/30(1) | 627 | 599,180 | |
| 6.625%, 7/15/32(1) | 400 | 411,988 | |
| SS&C Technologies, Inc., 5.50%, 9/30/27(1) | 517 | 517,813 | |
| $ 11,636,539 | |||
| Energy — 0.3% | |||
| Sunoco LP, 7.25%, 5/1/32(1) | 2,146 | $ 2,254,752 | |
| Sunoco LP/Sunoco Finance Corp., 4.50%, 4/30/30 | 1,692 | 1,628,222 | |
| $ 3,882,974 | |||
| Engineering & Construction — 0.7% | |||
| Arcosa, Inc., 6.875%, 8/15/32(1) | 1,046 | $ 1,086,214 | |
| Artera Services LLC, 8.50%, 2/15/31(1) | 1,535 | 1,279,463 | |
| Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 2/1/32(1) | 817 | 810,379 | |
| Dycom Industries, Inc., 4.50%, 4/15/29(1) | 1,389 | 1,352,987 | |
| OHL Operaciones SA, 9.75%, (5.10% cash and 4.65% PIK), 12/31/29(14) | EUR | 279 | 308,788 |
| Security | Principal Amount* (000's omitted) | Value | |
| Engineering & Construction (continued) | |||
| TopBuild Corp., 4.125%, 2/15/32(1) | 1,562 | $ 1,449,524 | |
| VM Consolidated, Inc., 5.50%, 4/15/29(1) | 1,899 | 1,865,675 | |
| $ 8,153,030 | |||
| Entertainment — 1.8% | |||
| Allwyn Entertainment Financing U.K. PLC: | |||
| 7.25%, 4/30/30(14) | EUR | 525 | $ 659,013 |
| 7.875%, 4/30/29(1) | 1,985 | 2,072,516 | |
| Caesars Entertainment, Inc.: | |||
| 4.625%, 10/15/29(1) | 529 | 505,290 | |
| 6.00%, 10/15/32(1) | 1,090 | 1,069,657 | |
| 6.50%, 2/15/32(1) | 1,068 | 1,096,559 | |
| 7.00%, 2/15/30(1) | 1,800 | 1,865,173 | |
| 8.125%, 7/1/27(1) | 538 | 538,498 | |
| Churchill Downs, Inc., 5.75%, 4/1/30(1) | 1,751 | 1,757,844 | |
| Cirsa Finance International SARL: | |||
| 4.50%, 3/15/27(14) | EUR | 200 | 236,395 |
| 6.50%, 3/15/29(14) | EUR | 200 | 247,097 |
| 7.875%, 7/31/28(14) | EUR | 100 | 122,764 |
| CPUK Finance Ltd.: | |||
| 4.50%, 8/28/27(14) | GBP | 200 | 268,705 |
| 6.50%, 8/28/26(14) | GBP | 100 | 136,666 |
| 7.875%, 8/28/29(14) | GBP | 130 | 186,146 |
| Flutter Treasury DAC: | |||
| 5.00%, 4/29/29(14) | EUR | 135 | 165,203 |
| 5.875%, 6/4/31(1) | 1,152 | 1,161,360 | |
| LHMC Finco 2 SARL: | |||
| 8.625%, (8.625% cash or 9.375% PIK), 5/15/30(1)(16) | EUR | 100 | 122,768 |
| 8.625%, (8.625% cash or 9.375% PIK), 5/15/30(14)(16) | EUR | 100 | 122,768 |
| Light & Wonder International, Inc., 7.00%, 5/15/28(1) | 1,647 | 1,652,827 | |
| Lottomatica Group SpA, 4.875%, 1/31/31(14) | EUR | 430 | 519,987 |
| Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, 8.25%, 4/15/30(1) | 1,687 | 1,742,575 | |
| Motion Finco SARL: | |||
| 7.375%, 6/15/30(14) | EUR | 300 | 332,415 |
| 8.375%, 2/15/32(1) | 1,313 | 1,203,659 | |
| Speedway Motorsports LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(1) | 1,515 | 1,505,011 | |
| Voyager Parent LLC, 9.25%, 7/1/32(1) | 3,155 | 3,284,518 | |
| $ 22,575,414 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Financial Intermediaries — 0.3% | |||
| Ally Financial, Inc., Series B, 4.70% to 5/15/26(15)(17) | 2,198 | $ 2,129,066 | |
| Alpha Holding SA de CV: | |||
| 9.00%, 2/10/25(1)(18) | 721 | 5,409 | |
| 10.00%, 12/19/22(1)(18) | 188 | 2,354 | |
| Compass Group Diversified Holdings LLC, 5.25%, 4/15/29(1) | 1,234 | 1,108,680 | |
| $ 3,245,509 | |||
| Financial Services — 0.2% | |||
| Viet Nam Debt & Asset Trading Corp., 1.00%, 10/10/25(14) | 2,600 | $ 2,548,792 | |
| $ 2,548,792 | |||
| Food Products — 0.6% | |||
| Ingles Markets, Inc., 4.00%, 6/15/31(1) | 1,502 | $ 1,403,606 | |
| Irca SpA/Gallarate, 5.725%, (3 mo. EURIBOR + 3.75%), 12/15/29(2)(14) | EUR | 130 | 153,882 |
| La Doria SpA, 6.686%, (3 mo. EURIBOR + 4.50%), 11/12/29(2)(14) | EUR | 200 | 236,645 |
| Market Bidco Finco PLC, 4.75%, 11/4/27(14) | EUR | 125 | 146,907 |
| Pilgrim's Pride Corp.: | |||
| 3.50%, 3/1/32 | 1,979 | 1,783,480 | |
| 6.875%, 5/15/34 | 1,240 | 1,359,602 | |
| Post Holdings, Inc., 6.25%, 2/15/32(1) | 1,176 | 1,210,027 | |
| Premier Foods Finance PLC, 3.50%, 10/15/26(14) | GBP | 125 | 170,369 |
| Quatrim SAS, 8.50% PIK, 1/15/28(14) | EUR | 14 | 16,206 |
| Viking Baked Goods Acquisition Corp., 8.625%, 11/1/31(1) | 1,425 | 1,399,733 | |
| $ 7,880,457 | |||
| Food Service — 1.2% | |||
| 1011778 BC ULC/New Red Finance, Inc.: | |||
| 3.875%, 1/15/28(1) | 1,906 | $ 1,858,319 | |
| 4.00%, 10/15/30(1) | 2,705 | 2,523,545 | |
| 4.375%, 1/15/28(1) | 1,014 | 995,333 | |
| Chobani Holdco II LLC, 8.75%, (8.75% cash or 9.50% PIK), 10/1/29(1)(16) | 2,574 | 2,762,467 | |
| Chobani LLC/Chobani Finance Corp., Inc.: | |||
| 4.625%, 11/15/28(1) | 1,375 | 1,350,869 | |
| 7.625%, 7/1/29(1) | 2,278 | 2,376,665 | |
| U.S. Foods, Inc., 4.75%, 2/15/29(1) | 1,837 | 1,806,517 | |
| Yum! Brands, Inc., 3.625%, 3/15/31 | 603 | 557,266 | |
| $ 14,230,981 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Food/Drug Retailers — 0.3% | |||
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC: | |||
| 4.875%, 2/15/30(1) | 1,028 | $ 1,011,625 | |
| 5.875%, 2/15/28(1) | 2,145 | 2,144,574 | |
| $ 3,156,199 | |||
| Forest Products & Paper — 0.1% | |||
| WEPA Hygieneprodukte GmbH, 5.625%, 1/15/31(14) | EUR | 660 | $ 812,649 |
| $ 812,649 | |||
| Health Care — 3.2% | |||
| AHP Health Partners, Inc., 5.75%, 7/15/29(1) | 337 | $ 328,909 | |
| Bausch & Lomb Corp., 5.872%, (3 mo. EURIBOR + 3.875%), 1/15/31(2)(14) | EUR | 100 | 118,755 |
| Cerba Healthcare SACA, 3.50%, 5/31/28(14) | EUR | 516 | 442,507 |
| Chrome Holdco SAS, 5.00%, 5/31/29(14) | EUR | 200 | 55,796 |
| CHS/Community Health Systems, Inc., 6.875%, 4/15/29(1) | 1,213 | 968,192 | |
| Concentra Health Services, Inc., 6.875%, 7/15/32(1) | 480 | 497,575 | |
| Encompass Health Corp.: | |||
| 4.625%, 4/1/31 | 683 | 661,437 | |
| 4.75%, 2/1/30 | 639 | 631,391 | |
| Ephios Subco 3 SARL, 7.875%, 1/31/31(14) | EUR | 160 | 203,569 |
| Fortrea Holdings, Inc., 7.50%, 7/1/30(1) | 978 | 886,484 | |
| Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 4/30/28(1) | 4,006 | 4,234,907 | |
| IQVIA, Inc.: | |||
| 2.25%, 1/15/28(14) | EUR | 250 | 287,189 |
| 2.25%, 3/15/29(14) | EUR | 300 | 338,947 |
| 2.875%, 6/15/28(14) | EUR | 100 | 116,435 |
| 5.00%, 10/15/26(1) | 850 | 849,695 | |
| 5.00%, 5/15/27(1) | 685 | 683,132 | |
| 6.25%, 6/1/32(1) | 1,904 | 1,956,299 | |
| 6.50%, 5/15/30(1) | 825 | 851,134 | |
| LifePoint Health, Inc.: | |||
| 5.375%, 1/15/29(1) | 2,888 | 2,694,215 | |
| 9.875%, 8/15/30(1) | 825 | 893,440 | |
| 10.00%, 6/1/32(1) | 375 | 387,343 | |
| Medline Borrower LP, 5.25%, 10/1/29(1) | 5,431 | 5,392,629 | |
| Mehilainen Yhtiot OYJ: | |||
| 5.125%, 6/30/32(1) | EUR | 100 | 118,450 |
| 5.406%, (3 mo. EURIBOR + 3.375%), 6/30/32(1)(2) | EUR | 100 | 118,317 |
| Security | Principal Amount* (000's omitted) | Value | |
| Health Care (continued) | |||
| Molina Healthcare, Inc.: | |||
| 3.875%, 11/15/30(1) | 1,743 | $ 1,622,315 | |
| 3.875%, 5/15/32(1) | 1,287 | 1,172,328 | |
| 6.25%, 1/15/33(1) | 885 | 901,393 | |
| Option Care Health, Inc., 4.375%, 10/31/29(1) | 1,991 | 1,917,755 | |
| Surgery Center Holdings, Inc., 7.25%, 4/15/32(1) | 806 | 822,331 | |
| Team Health Holdings, Inc., 13.50%, (9.00% cash and 4.50% PIK), 6/30/28(1) | 1,700 | 1,846,175 | |
| Tenet Healthcare Corp.: | |||
| 4.375%, 1/15/30 | 187 | 181,163 | |
| 5.125%, 11/1/27 | 1,607 | 1,605,474 | |
| 6.125%, 10/1/28 | 1,593 | 1,596,227 | |
| 6.875%, 11/15/31 | 878 | 944,491 | |
| U.S. Acute Care Solutions LLC, 9.75%, 5/15/29(1) | 2,195 | 2,266,750 | |
| Varex Imaging Corp., 7.875%, 10/15/27(1) | 387 | 392,329 | |
| $ 38,985,478 | |||
| Health Care Technology — 0.4% | |||
| athenahealth Group, Inc., 6.50%, 2/15/30(1) | 4,789 | $ 4,718,197 | |
| $ 4,718,197 | |||
| Home Furnishings — 0.2% | |||
| Somnigroup International, Inc.: | |||
| 3.875%, 10/15/31(1) | 1,932 | $ 1,758,552 | |
| 4.00%, 4/15/29(1) | 968 | 926,498 | |
| $ 2,685,050 | |||
| Homebuilders/Real Estate — 0.0%† | |||
| M/I Homes, Inc.: | |||
| 3.95%, 2/15/30 | 210 | $ 197,301 | |
| 4.95%, 2/1/28 | 252 | 250,577 | |
| $ 447,878 | |||
| Industrial Equipment — 0.2% | |||
| Alstom SA, 5.868% to 5/29/29(14)(15)(17) | EUR | 200 | $ 248,403 |
| Madison IAQ LLC, 5.875%, 6/30/29(1) | 1,286 | 1,265,937 | |
| TK Elevator Holdco GmbH, 6.625%, 7/15/28(14) | EUR | 270 | 319,365 |
| TK Elevator Midco GmbH, 4.375%, 7/15/27(14) | EUR | 525 | 619,159 |
| $ 2,452,864 | |||
| Insurance — 1.0% | |||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer: | |||
| 6.50%, 10/1/31(1) | 370 | $ 377,344 | |
| 6.75%, 10/15/27(1) | 2,323 | 2,326,450 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Insurance (continued) | |||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer: (continued) | |||
| 7.00%, 1/15/31(1) | 808 | $ 836,413 | |
| 7.375%, 10/1/32(1) | 285 | 294,138 | |
| AmWINS Group, Inc., 4.875%, 6/30/29(1) | 1,510 | 1,468,384 | |
| AssuredPartners, Inc., 5.625%, 1/15/29(1) | 450 | 449,088 | |
| Galaxy Bidco Ltd., 8.125%, 12/19/29(14) | GBP | 400 | 560,745 |
| Jones Deslauriers Insurance Management, Inc., 10.50%, 12/15/30(1) | 1,539 | 1,641,540 | |
| Panther Escrow Issuer LLC, 7.125%, 6/1/31(1) | 3,202 | 3,328,178 | |
| Ryan Specialty LLC, 5.875%, 8/1/32(1) | 1,398 | 1,409,892 | |
| $ 12,692,172 | |||
| Internet Software & Services — 0.8% | |||
| Arches Buyer, Inc.: | |||
| 4.25%, 6/1/28(1) | 655 | $ 627,353 | |
| 6.125%, 12/1/28(1) | 1,854 | 1,706,805 | |
| Cars.com, Inc., 6.375%, 11/1/28(1) | 1,770 | 1,775,905 | |
| Match Group Holdings II LLC, 3.625%, 10/1/31(1) | 1,727 | 1,546,356 | |
| Science Applications International Corp., 4.875%, 4/1/28(1) | 1,487 | 1,464,875 | |
| Snap, Inc., 6.875%, 3/1/33(1) | 1,965 | 2,017,566 | |
| United Group BV: | |||
| 6.393%, (3 mo. EURIBOR + 4.25%), 2/15/31(2)(14) | EUR | 100 | 117,895 |
| 6.50%, 10/31/31(1) | EUR | 245 | 292,620 |
| 6.75%, 2/15/31(14) | EUR | 120 | 145,196 |
| $ 9,694,571 | |||
| Leisure Goods/Activities/Movies — 1.7% | |||
| Acushnet Co., 7.375%, 10/15/28(1) | 1,142 | $ 1,191,765 | |
| Carnival Corp.: | |||
| 5.75%, 3/1/27(1) | 1,316 | 1,327,688 | |
| 5.75%, 1/15/30(14) | EUR | 100 | 125,742 |
| 6.00%, 5/1/29(1) | 3,362 | 3,399,207 | |
| Cinemark USA, Inc.: | |||
| 5.25%, 7/15/28(1) | 1,481 | 1,475,049 | |
| 7.00%, 8/1/32(1) | 1,015 | 1,054,494 | |
| NCL Corp. Ltd.: | |||
| 5.875%, 3/15/26(1) | 411 | 413,143 | |
| 5.875%, 2/15/27(1) | 517 | 519,514 | |
| 6.75%, 2/1/32(1) | 1,425 | 1,456,711 | |
| 7.75%, 2/15/29(1) | 433 | 460,672 | |
| NCL Finance Ltd., 6.125%, 3/15/28(1) | 704 | 715,893 | |
| Playtika Holding Corp., 4.25%, 3/15/29(1) | 1,511 | 1,372,630 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Leisure Goods/Activities/Movies (continued) | |||
| Royal Caribbean Cruises Ltd.: | |||
| 6.00%, 2/1/33(1) | 1,626 | $ 1,658,361 | |
| 6.25%, 3/15/32(1) | 680 | 699,384 | |
| TUI AG, 5.875%, 3/15/29(14) | EUR | 600 | 735,041 |
| TUI Cruises GmbH, 6.25%, 4/15/29(14) | EUR | 250 | 307,457 |
| Viking Cruises Ltd.: | |||
| 5.875%, 9/15/27(1) | 2,472 | 2,474,927 | |
| 7.00%, 2/15/29(1) | 658 | 664,182 | |
| Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/29(1) | 422 | 420,206 | |
| $ 20,472,066 | |||
| Lodging and Casinos — 0.3% | |||
| Essendi SA: | |||
| 5.50%, 11/15/31(14) | EUR | 454 | $ 544,970 |
| 5.625%, 5/15/32(1) | EUR | 130 | 154,699 |
| 6.375%, 10/15/29(14) | EUR | 165 | 204,119 |
| Genting New York LLC/GENNY Capital, Inc., 7.25%, 10/1/29(1) | 2,098 | 2,178,264 | |
| TVL Finance PLC, 10.25%, 4/28/28(14) | GBP | 220 | 302,527 |
| $ 3,384,579 | |||
| Machinery — 0.3% | |||
| Chart Industries, Inc., 9.50%, 1/1/31(1) | 1,984 | $ 2,119,348 | |
| Dynamo Newco II GmbH, 6.25%, 10/15/31(1) | EUR | 235 | 284,933 |
| Esab Corp., 6.25%, 4/15/29(1) | 1,083 | 1,110,195 | |
| IMA Industria Macchine Automatiche SpA, 6.029%, (3 mo. EURIBOR + 3.75%), 4/15/29(2)(14) | EUR | 150 | 178,115 |
| $ 3,692,591 | |||
| Media — 1.0% | |||
| Arqiva Broadcast Finance PLC, 8.625%, 7/1/30(8)(14) | GBP | 310 | $ 431,466 |
| CMG Media Corp., 8.875%, 6/18/29(1) | 1,247 | 1,178,619 | |
| CSC Holdings LLC: | |||
| 3.375%, 2/15/31(1) | 1,080 | 749,260 | |
| 4.125%, 12/1/30(1) | 701 | 495,174 | |
| 5.50%, 4/15/27(1) | 855 | 817,031 | |
| 11.75%, 1/31/29(1) | 1,051 | 1,000,322 | |
| Gray Media, Inc., 5.375%, 11/15/31(1) | 1,207 | 906,090 | |
| Outfront Media Capital LLC/Outfront Media Capital Corp.: | |||
| 4.25%, 1/15/29(1) | 610 | 583,952 | |
| 4.625%, 3/15/30(1) | 925 | 884,135 | |
| 7.375%, 2/15/31(1) | 1,475 | 1,562,724 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Media (continued) | |||
| Scripps Escrow II, Inc., 3.875%, 1/15/29(1) | 896 | $ 780,810 | |
| Sinclair Television Group, Inc.: | |||
| 4.375%, 12/31/32(1) | 160 | 112,550 | |
| 8.125%, 2/15/33(1) | 1,337 | 1,351,823 | |
| Summer BidCo BV, 10.00%, (10.00% cash or 10.75% PIK), 2/15/29(14)(16) | EUR | 454 | 540,967 |
| VZ Secured Financing BV, 5.00%, 1/15/32(1) | 346 | 308,095 | |
| $ 11,703,018 | |||
| Metals/Mining — 1.5% | |||
| Arsenal AIC Parent LLC, 11.50%, 10/1/31(1) | 2,998 | $ 3,364,305 | |
| Compass Minerals International, Inc.: | |||
| 6.75%, 12/1/27(1) | 490 | 494,397 | |
| 8.00%, 7/1/30(1) | 1,514 | 1,565,363 | |
| Constellium SE: | |||
| 3.75%, 4/15/29(1) | 1,970 | 1,852,575 | |
| 5.625%, 6/15/28(1) | 630 | 626,708 | |
| First Quantum Minerals Ltd.: | |||
| 8.00%, 3/1/33(1) | 730 | 749,666 | |
| 9.375%, 3/1/29(1) | 2,198 | 2,335,588 | |
| Freeport-McMoRan, Inc., 5.45%, 3/15/43 | 1,600 | 1,513,025 | |
| Hudbay Minerals, Inc.: | |||
| 4.50%, 4/1/26(1) | 1,085 | 1,078,934 | |
| 6.125%, 4/1/29(1) | 489 | 496,981 | |
| Novelis Corp.: | |||
| 3.25%, 11/15/26(1) | 690 | 679,409 | |
| 3.875%, 8/15/31(1) | 1,169 | 1,051,340 | |
| 4.75%, 1/30/30(1) | 1,068 | 1,024,022 | |
| Novelis Sheet Ingot GmbH, 3.375%, 4/15/29(14) | EUR | 600 | 687,525 |
| Roller Bearing Co. of America, Inc., 4.375%, 10/15/29(1) | 1,513 | 1,467,003 | |
| $ 18,986,841 | |||
| Miscellaneous Manufacturing — 0.1% | |||
| Axon Enterprise, Inc.: | |||
| 6.125%, 3/15/30(1) | 535 | $ 551,510 | |
| 6.25%, 3/15/33(1) | 410 | 423,186 | |
| $ 974,696 | |||
| Nonferrous Metals/Minerals — 0.1% | |||
| Eldorado Gold Corp., 6.25%, 9/1/29(1) | 1,333 | $ 1,336,018 | |
| $ 1,336,018 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Oil and Gas — 1.9% | |||
| Aethon United BR LP/Aethon United Finance Corp., 7.50%, 10/1/29(1) | 1,475 | $ 1,548,276 | |
| Civitas Resources, Inc., 8.625%, 11/1/30(1) | 2,273 | 2,309,488 | |
| EQT Corp.: | |||
| 4.75%, 1/15/31(1) | 1,086 | 1,069,551 | |
| 6.50%, 7/1/27(1) | 702 | 718,057 | |
| Matador Resources Co., 6.50%, 4/15/32(1) | 1,400 | 1,401,653 | |
| Nabors Industries Ltd., 7.50%, 1/15/28(1) | 665 | 593,725 | |
| Parkland Corp.: | |||
| 4.50%, 10/1/29(1) | 376 | 361,725 | |
| 4.625%, 5/1/30(1) | 1,501 | 1,438,493 | |
| Permian Resources Operating LLC: | |||
| 5.375%, 1/15/26(1) | 232 | 232,294 | |
| 5.875%, 7/1/29(1) | 2,252 | 2,262,224 | |
| 6.25%, 2/1/33(1) | 935 | 944,280 | |
| 7.00%, 1/15/32(1) | 1,214 | 1,259,291 | |
| Petroleos de Venezuela SA: | |||
| 5.375%, 4/12/27(14)(18) | 1,251 | 157,767 | |
| 5.50%, 4/12/37(14)(18) | 443 | 55,846 | |
| 6.00%, 5/16/24(14)(18) | 1,045 | 133,424 | |
| 6.00%, 11/15/26(14)(18) | 620 | 78,922 | |
| 6.00%, 10/28/49(14)(18) | 513 | 56,671 | |
| 8.50%, 10/27/20(14)(18) | 159 | 147,472 | |
| 8.50%, 10/20/27 | 151 | 155,015 | |
| 9.00%, 11/17/21(14)(18) | 644 | 83,283 | |
| 9.75%, 5/17/35(14)(18) | 635 | 93,995 | |
| 12.75%, 2/17/22(14)(18) | 532 | 79,041 | |
| Petroleos Mexicanos: | |||
| 6.75%, 9/21/47 | 600 | 434,950 | |
| 6.84%, 1/23/30 | 1,000 | 966,719 | |
| 6.875%, 8/4/26 | 200 | 200,170 | |
| Petronas Capital Ltd.: | |||
| 2.48%, 1/28/32(14) | 400 | 348,791 | |
| 4.55%, 4/21/50(14) | 310 | 262,888 | |
| Precision Drilling Corp.: | |||
| 6.875%, 1/15/29(1) | 932 | 921,448 | |
| 7.125%, 1/15/26(1) | 167 | 167,603 | |
| SM Energy Co., 7.00%, 8/1/32(1) | 1,070 | 1,055,478 | |
| Transocean Poseidon Ltd., 6.875%, 2/1/27(1) | 561 | 561,986 | |
| Transocean, Inc., 8.75%, 2/15/30(1) | 566 | 582,092 | |
| Vital Energy, Inc.: | |||
| 7.875%, 4/15/32(1) | 409 | 350,020 | |
| 9.75%, 10/15/30 | 815 | 738,336 | |
| Weatherford International Ltd., 8.625%, 4/30/30(1) | 1,355 | 1,397,530 | |
| $ 23,168,504 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Packaging & Containers — 0.7% | |||
| Ball Corp., 6.875%, 3/15/28 | 474 | $ 485,361 | |
| Clydesdale Acquisition Holdings, Inc.: | |||
| 6.75%, 4/15/32(1) | 1,732 | 1,778,580 | |
| 8.75%, 4/15/30(1) | 2,001 | 2,048,052 | |
| Kleopatra Finco SARL, 4.25%, 3/1/26(14) | EUR | 140 | 155,037 |
| Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31(1) | 1,382 | 1,418,018 | |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC: | |||
| 8.25%, 5/15/30(1) | EUR | 430 | 507,785 |
| 9.50%, 5/15/30(1) | 2,020 | 2,066,617 | |
| Trivium Packaging Finance BV, 6.625%, 7/15/30(14) | EUR | 100 | 121,982 |
| $ 8,581,432 | |||
| Pharmaceuticals — 1.3% | |||
| 1261229 BC Ltd., 10.00%, 4/15/32(1) | 4,674 | $ 4,718,356 | |
| Bayer AG, 5.375% to 6/25/30, 3/25/82(14)(15) | EUR | 500 | 593,444 |
| BellRing Brands, Inc., 7.00%, 3/15/30(1) | 2,444 | 2,547,574 | |
| Dolcetto Holdco SpA: | |||
| 5.565%, 7/14/32(8)(14) | EUR | 100 | 118,095 |
| 5.625%, 7/14/32(8)(14) | EUR | 100 | 118,772 |
| Endo Finance Holdings, Inc., 8.50%, 4/15/31(1) | 1,400 | 1,483,731 | |
| Grifols SA, 7.50%, 5/1/30(14) | EUR | 389 | 480,495 |
| Nidda Healthcare Holding GmbH, 5.625%, 2/21/30(1) | EUR | 120 | 144,376 |
| P&L Development LLC/PLD Finance Corp., 12.00%, (9.00% cash and 3.50% PIK or 12.00% cash), 5/15/29(1)(16) | 909 | 922,735 | |
| Prestige Brands, Inc., 3.75%, 4/1/31(1) | 752 | 693,469 | |
| Rossini SARL, 6.75%, 12/31/29(14) | EUR | 310 | 386,308 |
| Teva Pharmaceutical Finance Netherlands II BV, 4.125%, 6/1/31 | EUR | 400 | 473,202 |
| Teva Pharmaceutical Finance Netherlands III BV: | |||
| 4.10%, 10/1/46 | 3,621 | 2,608,085 | |
| 6.00%, 12/1/32 | 1,125 | 1,149,864 | |
| $ 16,438,506 | |||
| Pipelines — 1.5% | |||
| Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.75%, 3/1/27(1) | 1,874 | $ 1,872,880 | |
| Energy Transfer LP, 5.00%, 5/15/50 | 1,094 | 915,312 | |
| Global Partners LP/GLP Finance Corp.: | |||
| 7.125%, 7/1/33(1) | 700 | 710,321 | |
| 8.25%, 1/15/32(1) | 1,317 | 1,386,139 | |
| Kinetik Holdings LP, 5.875%, 6/15/30(1) | 2,308 | 2,329,026 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Pipelines (continued) | |||
| NGL Energy Operating LLC/NGL Energy Finance Corp.: | |||
| 8.125%, 2/15/29(1) | 574 | $ 580,352 | |
| 8.375%, 2/15/32(1) | 574 | 576,194 | |
| Plains All American Pipeline LP, Series B, 8.698% to 7/30/25, (3 mo. SOFR + 4.372%)(2)(17) | 1,912 | 1,920,822 | |
| Venture Global LNG, Inc.: | |||
| 7.00%, 1/15/30(1) | 800 | 809,430 | |
| 8.125%, 6/1/28(1) | 1,174 | 1,214,114 | |
| 8.375%, 6/1/31(1) | 877 | 911,511 | |
| 9.00% to 9/30/29(1)(15)(17) | 1,865 | 1,814,922 | |
| 9.50%, 2/1/29(1) | 1,623 | 1,769,075 | |
| 9.875%, 2/1/32(1) | 355 | 383,609 | |
| Western Midstream Operating LP: | |||
| 4.05%, 2/1/30 | 1,187 | 1,142,021 | |
| 4.50%, 3/1/28 | 148 | 147,193 | |
| $ 18,482,921 | |||
| Publishing — 0.3% | |||
| McGraw-Hill Education, Inc.: | |||
| 5.75%, 8/1/28(1) | 423 | $ 425,840 | |
| 7.375%, 9/1/31(1) | 1,235 | 1,289,218 | |
| 8.00%, 8/1/29(1) | 1,879 | 1,914,461 | |
| $ 3,629,519 | |||
| Radio and Television — 0.3% | |||
| Clear Channel Outdoor Holdings, Inc.: | |||
| 7.75%, 4/15/28(1) | 2,088 | $ 1,974,778 | |
| 7.875%, 4/1/30(1) | 1,227 | 1,267,680 | |
| $ 3,242,458 | |||
| Real Estate Investment Trusts (REITs) — 0.6% | |||
| Adler Financing SARL, 8.25% PIK, 12/31/28 | EUR | 396 | $ 489,978 |
| Akelius Residential Property AB, 2.249% to 2/17/26, 5/17/81(14)(15) | EUR | 200 | 230,437 |
| Alexandrite Monnet U.K. Holdco PLC, 10.50%, 5/15/29(14) | EUR | 700 | 909,972 |
| Cushman & Wakefield U.S. Borrower LLC: | |||
| 6.75%, 5/15/28(1) | 1,272 | 1,283,659 | |
| 8.875%, 9/1/31(1) | 907 | 974,676 | |
| Greystar Real Estate Partners LLC, 7.75%, 9/1/30(1) | 2,048 | 2,175,435 | |
| HAT Holdings I LLC/HAT Holdings II LLC, 3.375%, 6/15/26(1) | 282 | 276,200 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Real Estate Investment Trusts (REITs) (continued) | |||
| Heimstaden Bostad AB, 3.375% to 1/15/26(14)(15)(17) | EUR | 250 | $ 291,585 |
| Samhallsbyggnadsbolaget I Norden Holding AB, 2.375%, 8/4/26(14) | EUR | 150 | 169,173 |
| $ 6,801,115 | |||
| Retail — 1.3% | |||
| B&M European Value Retail SA, 8.125%, 11/15/30(14) | GBP | 200 | $ 293,335 |
| CD&R Firefly Bidco PLC, 8.625%, 4/30/29(14) | GBP | 450 | 637,313 |
| Cougar JV Subsidiary LLC, 8.00%, 5/15/32(1) | 2,337 | 2,493,385 | |
| Dufry One BV, 2.00%, 2/15/27(14) | EUR | 200 | 231,537 |
| Duomo Bidco SpA, 6.404%, (3 mo. EURIBOR + 4.125%), 7/15/31(2)(14) | EUR | 150 | 178,018 |
| eG Global Finance PLC, 11.00%, 11/30/28(14) | EUR | 220 | 286,360 |
| Evergreen Acqco 1 LP/TVI, Inc., 9.75%, 4/26/28(1) | 1,897 | 1,985,987 | |
| Ferrellgas LP/Ferrellgas Finance Corp., 5.875%, 4/1/29(1) | 1,582 | 1,464,931 | |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd.: | |||
| 8.375%, 1/15/29(1) | 442 | 408,931 | |
| 8.75%, 1/15/32(1) | 506 | 431,744 | |
| Group 1 Automotive, Inc.: | |||
| 4.00%, 8/15/28(1) | 1,328 | 1,282,891 | |
| 6.375%, 1/15/30(1) | 455 | 468,076 | |
| Ken Garff Automotive LLC, 4.875%, 9/15/28(1) | 957 | 945,687 | |
| LCM Investments Holdings II LLC: | |||
| 4.875%, 5/1/29(1) | 1,652 | 1,607,851 | |
| 8.25%, 8/1/31(1) | 262 | 278,773 | |
| Punch Finance PLC, 7.875%, 12/30/30(14) | GBP | 110 | 153,924 |
| Raising Cane's Restaurants LLC, 9.375%, 5/1/29(1) | 1,402 | 1,481,307 | |
| Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 6/1/31(1) | 824 | 780,099 | |
| Waga Bondco Ltd., 8.50%, 6/15/30(14) | GBP | 200 | 269,811 |
| Walgreens Boots Alliance, Inc., 2.125%, 11/20/26 | EUR | 200 | 232,401 |
| $ 15,912,361 | |||
| Retailers (Except Food and Drug) — 0.6% | |||
| Bath & Body Works, Inc.: | |||
| 6.625%, 10/1/30(1) | 479 | $ 494,179 | |
| 6.75%, 7/1/36 | 437 | 444,857 | |
| 6.95%, 3/1/33 | 1,027 | 1,058,651 | |
| Murphy Oil USA, Inc., 5.625%, 5/1/27 | 560 | 560,655 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Retailers (Except Food and Drug) (continued) | |||
| PetSmart, Inc./PetSmart Finance Corp., 4.75%, 2/15/28(1) | 3,290 | $ 3,211,087 | |
| Superior Plus LP/Superior General Partner, Inc., 4.50%, 3/15/29(1) | 1,532 | 1,474,541 | |
| $ 7,243,970 | |||
| Semiconductors & Semiconductor Equipment — 0.1% | |||
| ON Semiconductor Corp., 3.875%, 9/1/28(1) | 1,544 | $ 1,494,930 | |
| $ 1,494,930 | |||
| Software — 0.6% | |||
| Clarivate Science Holdings Corp., 4.875%, 7/1/29(1) | 1,260 | $ 1,187,660 | |
| Cloud Software Group, Inc.: | |||
| 6.50%, 3/31/29(1) | 1,268 | 1,280,627 | |
| 9.00%, 9/30/29(1) | 2,620 | 2,718,133 | |
| Ellucian Holdings, Inc., 6.50%, 12/1/29(1) | 1,363 | 1,397,339 | |
| TeamSystem SpA: | |||
| 5.00%, 7/1/31(1)(8) | EUR | 300 | 353,527 |
| 5.779%, (3 mo. EURIBOR + 3.50%), 7/31/31(1)(2) | EUR | 170 | 200,859 |
| 5.779%, (3 mo. EURIBOR + 3.50%), 7/31/31(2)(14) | EUR | 100 | 118,152 |
| $ 7,256,297 | |||
| Software and Services — 0.1% | |||
| Fair Isaac Corp., 4.00%, 6/15/28(1) | 1,248 | $ 1,215,694 | |
| $ 1,215,694 | |||
| Specialty Retail — 0.0%† | |||
| Fiber Midco SpA: | |||
| 10.00% PIK, 6/15/29(1) | EUR | 155 | $ 166,943 |
| 10.00% PIK, 6/15/29(14) | EUR | 300 | 323,115 |
| $ 490,058 | |||
| Steel — 0.5% | |||
| Allegheny Ludlum LLC, 6.95%, 12/15/25 | 465 | $ 470,256 | |
| ATI, Inc., 5.875%, 12/1/27 | 320 | 321,759 | |
| Big River Steel LLC/BRS Finance Corp., 6.625%, 1/31/29(1) | 1,147 | 1,157,004 | |
| Cleveland-Cliffs, Inc.: | |||
| 7.375%, 5/1/33(1) | 1,325 | 1,245,026 | |
| 7.50%, 9/15/31(1) | 1,610 | 1,554,133 | |
| TMS International Corp., 6.25%, 4/15/29(1) | 1,365 | 1,298,978 | |
| $ 6,047,156 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Technology — 0.4% | |||
| International Game Technology PLC: | |||
| 4.125%, 4/15/26(1) | 892 | $ 892,065 | |
| 5.25%, 1/15/29(1) | 3,110 | 3,084,060 | |
| 6.25%, 1/15/27(1) | 976 | 988,155 | |
| $ 4,964,280 | |||
| Telecommunications — 1.7% | |||
| C&W Senior Finance Ltd., 9.00%, 1/15/33(1) | 1,280 | $ 1,310,448 | |
| Ciena Corp., 4.00%, 1/31/30(1) | 1,883 | 1,785,792 | |
| EchoStar Corp., 10.75%, 11/30/29 | 1,213 | 1,250,421 | |
| Fibercop SpA: | |||
| 7.20%, 7/18/36(1) | 235 | 230,202 | |
| 7.75%, 1/24/33 | EUR | 140 | 190,302 |
| Iliad Holding SASU: | |||
| 5.375%, 4/15/30(14) | EUR | 100 | 121,269 |
| 6.875%, 4/15/31(14) | EUR | 200 | 251,793 |
| 7.00%, 4/15/32(1) | 915 | 938,635 | |
| 8.50%, 4/15/31(1) | 720 | 770,778 | |
| Level 3 Financing, Inc.: | |||
| 3.875%, 10/15/30(1) | 254 | 221,615 | |
| 4.50%, 4/1/30(1) | 823 | 748,578 | |
| 4.875%, 6/15/29(1) | 220 | 206,978 | |
| Lorca Telecom Bondco SA, 4.00%, 9/18/27(14) | EUR | 643 | 757,962 |
| Odido Group Holding BV, 5.50%, 1/15/30(14) | EUR | 245 | 289,004 |
| PLT VII Finance SARL, 5.475%, (3 mo. EURIBOR + 3.50%), 6/15/31(2)(14) | EUR | 100 | 118,090 |
| Sable International Finance Ltd., 7.125%, 10/15/32(1) | 822 | 824,899 | |
| Stagwell Global LLC, 5.625%, 8/15/29(1) | 1,987 | 1,902,681 | |
| Summer (BC) Holdco A SARL, 9.25%, 10/31/27(14) | EUR | 126 | 148,974 |
| Summer (BC) Holdco B SARL, 6.393%, (3 mo. EURIBOR + 4.25%), 2/15/30(1)(2) | EUR | 100 | 116,910 |
| Telefonica Europe BV: | |||
| 2.88% to 2/24/28(14)(15)(17) | EUR | 200 | 230,466 |
| 7.125% to 8/23/28(14)(15)(17) | EUR | 400 | 517,147 |
| Vmed O2 U.K. Financing I PLC: | |||
| 4.00%, 1/31/29(14) | GBP | 100 | 127,920 |
| 4.50%, 7/15/31(14) | GBP | 100 | 123,325 |
| 4.75%, 7/15/31(1) | 976 | 903,436 | |
| 5.625%, 4/15/32(14) | EUR | 325 | 393,266 |
| 7.75%, 4/15/32(1) | 645 | 671,056 | |
| Vodafone Group PLC: | |||
| 2.625% to 5/27/26, 8/27/80(14)(15) | EUR | 400 | 470,066 |
| 4.875% to 7/30/25, 10/3/78(14)(15) | GBP | 350 | 480,135 |
| 8.00% to 5/30/31, 8/30/86(14)(15) | GBP | 200 | 298,811 |
| Security | Principal Amount* (000's omitted) | Value | |
| Telecommunications (continued) | |||
| Zegona Finance PLC: | |||
| 6.75%, 7/15/29(14) | EUR | 550 | $ 690,049 |
| 8.625%, 7/15/29(1) | 2,950 | 3,155,010 | |
| $ 20,246,018 | |||
| Transportation — 0.5% | |||
| Edge Finco PLC, 8.125%, 8/15/31(14) | GBP | 550 | $ 787,757 |
| Seaspan Corp., 5.50%, 8/1/29(1) | 1,911 | 1,818,329 | |
| Stonepeak Nile Parent LLC, 7.25%, 3/15/32(1) | 697 | 739,312 | |
| Watco Cos. LLC/Watco Finance Corp., 7.125%, 8/1/32(1) | 2,255 | 2,358,856 | |
| $ 5,704,254 | |||
| Utilities — 1.4% | |||
| Calpine Corp.: | |||
| 4.50%, 2/15/28(1) | 1,073 | $ 1,064,973 | |
| 4.625%, 2/1/29(1) | 680 | 672,039 | |
| 5.00%, 2/1/31(1) | 910 | 900,845 | |
| 5.125%, 3/15/28(1) | 1,511 | 1,510,251 | |
| Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29(1) | 838 | 782,982 | |
| NRG Energy, Inc.: | |||
| 3.625%, 2/15/31(1) | 1,107 | 1,019,552 | |
| 3.875%, 2/15/32(1) | 1,466 | 1,347,260 | |
| 5.25%, 6/15/29(1) | 673 | 669,760 | |
| 6.00%, 2/1/33(1) | 1,190 | 1,202,603 | |
| 6.25%, 11/1/34(1) | 795 | 810,481 | |
| 10.25% to 3/15/28(1)(15)(17) | 1,753 | 1,947,709 | |
| TerraForm Power Operating LLC, 5.00%, 1/31/28(1) | 1,497 | 1,482,771 | |
| Vistra Operations Co. LLC: | |||
| 4.375%, 5/1/29(1) | 939 | 915,805 | |
| 5.00%, 7/31/27(1) | 1,698 | 1,697,043 | |
| 6.875%, 4/15/32(1) | 1,405 | 1,469,815 | |
| $ 17,493,889 | |||
| Total Corporate Bonds (identified cost $610,790,739) | $ 617,528,237 | ||
| Preferred Stocks — 0.0%† |
| Security | Shares | Value | |
| Technology — 0.0%† | |||
| Cohesity Global, Inc.: | |||
| Series G(11) | 10,002 | $ 230,046 | |
| Series G1(11) | 6,910 | 158,930 | |
| Total Preferred Stocks (identified cost $346,696) | $ 388,976 | ||
| Senior Floating-Rate Loans — 46.2%(19) |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Aerospace and Defense — 0.8% | |||
| Aernnova Aerospace SAU, Term Loan, 6.323%, (3 mo. EURIBOR + 4.00%), 2/27/30 | EUR | 1,000 | $ 1,179,841 |
| Air Comm Corp. LLC: | |||
| Term Loan, 7.30%, (3 mo. USD Term SOFR + 3.00%), 12/11/31 | 1,404 | 1,412,949 | |
| Term Loan, 12/11/31(20) | 117 | 118,041 | |
| HDI Aerospace Intermediate Holding III Corp., Term Loan, 8.73%, (3 mo. USD Term SOFR + 4.50%), 2/11/32 | 648 | 649,996 | |
| IAP Worldwide Services, Inc., Term Loan - Second Lien, 0.00%, 7/18/23(10)(18) | 216 | 173,689 | |
| Novaria Holdings LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 6/6/31 | 199 | 198,751 | |
| TransDigm, Inc.: | |||
| Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 2/28/31 | 4,530 | 4,543,092 | |
| Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 3/22/30 | 1,310 | 1,315,992 | |
| Vista Management Holding, Inc., Term Loan, 8.048%, (3 mo. USD Term SOFR + 3.75%), 4/1/31 | 600 | 602,250 | |
| $ 10,194,601 | |||
| Air Freight & Logistics — 0.1% | |||
| AIT Worldwide Logistics, Inc., Term Loan, 8.261%, (3 mo. USD Term SOFR + 4.00%), 4/8/30 | 647 | $ 649,256 | |
| Edge Finco PLC, Term Loan, 5.54%, (3 mo. EURIBOR + 3.50%), 8/22/31 | EUR | 500 | 591,049 |
| $ 1,240,305 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Airlines — 0.0%† | |||
| SkyMiles IP Ltd., Term Loan, 8.022%, (3 mo. USD Term SOFR + 3.75%), 10/20/27 | 598 | $ 602,517 | |
| $ 602,517 | |||
| Apparel & Luxury Goods — 0.2% | |||
| Gloves Buyer, Inc., Term Loan, 8.321%, (1 mo. USD Term SOFR + 4.00%), 5/24/32 | 2,125 | $ 2,087,812 | |
| Hanesbrands, Inc., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 3/7/32 | 647 | 649,733 | |
| $ 2,737,545 | |||
| Auto Components — 0.7% | |||
| Adient U.S. LLC, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 1/31/31 | 549 | $ 550,611 | |
| Autokiniton U.S. Holdings, Inc., Term Loan, 8.441%, (1 mo. USD Term SOFR + 4.00%), 4/6/28 | 504 | 487,969 | |
| Clarios Global LP: | |||
| Term Loan, 4.929%, (1 mo. EURIBOR + 3.00%), 7/16/31 | EUR | 913 | 1,075,149 |
| Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 5/6/30 | 2,591 | 2,587,408 | |
| DexKo Global, Inc.: | |||
| Term Loan, 5.929%, (1 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 405 | 458,260 |
| Term Loan, 5.929%, (1 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 595 | 672,991 |
| Term Loan, 8.191%, (1 mo. USD Term SOFR + 3.75%), 10/4/28 | 798 | 765,773 | |
| Garrett LX I SARL, Term Loan, 6.53%, (3 mo. USD Term SOFR + 2.25%), 1/30/32 | 627 | 631,224 | |
| Lippert Colipper, Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 3/25/32 | 349 | 350,434 | |
| RealTruck Group, Inc., Term Loan, 9.441%, (1 mo. USD Term SOFR + 5.00%), 1/31/28 | 667 | 609,571 | |
| $ 8,189,390 | |||
| Automobiles — 0.2% | |||
| MajorDrive Holdings IV LLC: | |||
| Term Loan, 8.557%, (3 mo. USD Term SOFR + 4.00%), 6/1/28 | 432 | $ 424,861 | |
| Term Loan, 9.946%, (3 mo. USD Term SOFR + 5.50%), 6/1/29 | 1,596 | 1,578,416 | |
| $ 2,003,277 | |||
| Beverages — 0.1% | |||
| Celsius Holdings, Inc., Term Loan, 7.492%, (3 mo. USD Term SOFR + 3.25%), 4/1/32 | 550 | $ 553,919 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Beverages (continued) | |||
| City Brewing Co. LLC: | |||
| Term Loan, 8.018%, (3 mo. USD Term SOFR + 3.50%), 4/5/28 | 546 | $ 150,038 | |
| Term Loan, 10.506%, (3 mo. USD Term SOFR + 6.25%), 4/5/28 | 177 | 48,638 | |
| Term Loan - Second Lien, 0.00%, 4/5/28(18) | 1,059 | 4,633 | |
| Sazerac Co., Inc., Term Loan, 6/25/32(21) | 975 | 976,219 | |
| $ 1,733,447 | |||
| Biotechnology — 0.1% | |||
| Alltech, Inc., Term Loan, 8.691%, (1 mo. USD Term SOFR + 4.25%), 8/13/30 | 982 | $ 984,856 | |
| $ 984,856 | |||
| Broadline Retail — 0.4% | |||
| Peer Holding III BV: | |||
| Term Loan, 5.23%, (3 mo. EURIBOR + 3.25%), 11/26/31 | EUR | 1,500 | $ 1,773,340 |
| Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 10/28/30 | 1,086 | 1,094,229 | |
| Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 7/1/31 | 1,418 | 1,427,268 | |
| $ 4,294,837 | |||
| Building Products — 0.5% | |||
| LHS Borrower LLC, Term Loan, 9.177%, (1 mo. USD Term SOFR + 4.75%), 2/16/29 | 1,110 | $ 1,023,245 | |
| MI Windows & Doors LLC, Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 3/28/31 | 1,262 | 1,266,554 | |
| Oscar AcquisitionCo LLC, Term Loan, 8.546%, (3 mo. USD Term SOFR + 4.25%), 4/29/29 | 875 | 809,331 | |
| Sport Group Holding GmbH, Term Loan, 6.323%, (3 mo. EURIBOR + 4.00%), 7/8/31 | EUR | 1,000 | 1,182,739 |
| Standard Industries, Inc., Term Loan, 6.071%, (1 mo. USD Term SOFR + 1.75%), 9/22/28 | 364 | 365,608 | |
| Tarkett Participation, Term Loan, 5.73%, (3 mo. EURIBOR + 3.75%), 4/21/28 | EUR | 1,000 | 1,179,918 |
| The Azek Group LLC, Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 9/26/31 | 721 | 722,728 | |
| $ 6,550,123 | |||
| Capital Markets — 1.3% | |||
| Advisor Group, Inc., Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 8/17/28 | 1,123 | $ 1,126,456 | |
| Aretec Group, Inc., Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 8/9/30 | 1,681 | 1,686,425 | |
| Athena Holdco SAS, Term Loan, 5.23%, (3 mo. EURIBOR + 3.25%), 4/14/31 | EUR | 1,000 | 1,180,566 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Capital Markets (continued) | |||
| Citco Funding LLC, Term Loan, 6.934%, (6 mo. USD Term SOFR + 2.75%), 4/27/28 | 761 | $ 766,055 | |
| EIG Management Co. LLC, Term Loan, 9.322%, (1 mo. USD Term SOFR + 5.00%), 5/17/29 | 402 | 400,309 | |
| FinCo I LLC, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 6/27/29 | 1,204 | 1,210,036 | |
| Focus Financial Partners LLC, Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 9/15/31 | 4,271 | 4,266,298 | |
| Franklin Square Holdings LP, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 4/25/31 | 1,015 | 1,016,018 | |
| HighTower Holdings LLC, Term Loan, 7.26%, (3 mo. USD Term SOFR + 3.00%), 2/3/32 | 1,006 | 1,005,610 | |
| Kestra Advisor Services Holdings A, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 3/22/31 | 645 | 645,604 | |
| Mariner Wealth Advisors LLC, Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 12/31/30 | 973 | 976,516 | |
| Orion Advisor Solutions, Inc., Term Loan, 8.03%, (3 mo. USD Term SOFR + 3.75%), 9/24/30 | 620 | 624,314 | |
| Saphilux SARL, Term Loan, 6.042%, (6 mo. EURIBOR + 4.00%), 7/18/28 | EUR | 500 | 592,777 |
| Victory Capital Holdings, Inc., Term Loan, 6.609%, (3 mo. USD Term SOFR + 2.25%), 7/1/26 | 873 | 875,640 | |
| $ 16,372,624 | |||
| Chemicals — 2.0% | |||
| AAP Buyer, Inc., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 9/9/31 | 473 | $ 472,920 | |
| Aruba Investments Holdings LLC, Term Loan, 5.929%, (1 mo. EURIBOR + 4.00%), 11/24/27 | EUR | 958 | 1,088,976 |
| Discovery Purchaser Corp., Term Loan, 8.022%, (3 mo. USD Term SOFR + 3.75%), 10/4/29 | 697 | 696,534 | |
| INEOS Enterprises Holdings II Ltd., Term Loan, 6.011%, (3 mo. EURIBOR + 4.00%), 7/7/30 | EUR | 150 | 176,987 |
| INEOS Finance PLC, Term Loan, 5.429%, (1 mo. EURIBOR + 3.50%), 6/23/31 | EUR | 1,194 | 1,378,992 |
| INEOS Quattro Holdings U.K. Ltd.: | |||
| Term Loan, 6.429%, (1 mo. EURIBOR + 4.50%), 4/2/29 | EUR | 1,000 | 1,123,306 |
| Term Loan, 8.177%, (1 mo. USD Term SOFR + 3.75%), 3/14/30 | 417 | 383,180 | |
| Term Loan, 8.677%, (1 mo. USD Term SOFR + 4.25%), 4/2/29 | 1,171 | 1,093,597 | |
| INEOS U.S. Finance LLC: | |||
| Term Loan, 6.927%, (1 mo. USD Term SOFR + 2.50%), 11/8/28 | 605 | 587,744 | |
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 2/7/31 | 1,042 | 996,796 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Chemicals (continued) | |||
| INEOS U.S. Finance LLC: (continued) | |||
| Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 2/18/30 | 1,766 | $ 1,697,364 | |
| Lonza Group AG: | |||
| Term Loan, 5.905%, (3 mo. EURIBOR + 3.93%), 7/3/28 | EUR | 1,000 | 1,127,676 |
| Term Loan, 8.321%, (3 mo. USD Term SOFR + 3.93%), 7/3/28 | 1,684 | 1,546,521 | |
| Minerals Technologies, Inc., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 11/26/31 | 522 | 523,681 | |
| Momentive Performance Materials, Inc., Term Loan, 8.327%, (1 mo. USD Term SOFR + 4.00%), 3/29/28 | 732 | 735,778 | |
| Nobian Finance BV, Term Loan, 7/1/29(21) | EUR | 500 | 587,688 |
| Nouryon Finance BV: | |||
| Term Loan, 5.736%, (3 mo. EURIBOR + 3.50%), 4/3/28 | EUR | 750 | 887,240 |
| Term Loan, 7.51%, (3 mo. USD Term SOFR + 3.25%), 4/3/28 | 1,281 | 1,288,505 | |
| Olympus Water U.S. Holding Corp., Term Loan, 7.296%, (3 mo. USD Term SOFR + 3.00%), 6/20/31 | 2,036 | 2,016,112 | |
| Orion Engineered Carbons GmbH, Term Loan, 6.546%, (3 mo. USD Term SOFR + 2.15%), 9/24/28 | 361 | 339,281 | |
| Rohm Holding GmbH: | |||
| Term Loan, 7.848%, (6 mo. EURIBOR + 5.25%), 7.598% cash, 0.25% PIK, 1/31/29 | EUR | 1,002 | 1,139,495 |
| Term Loan, 9.737%, (6 mo. USD Term SOFR + 5.50%), 1/31/29 | 904 | 873,472 | |
| SCUR-Alpha 1503 GmbH, Term Loan, 9.78%, (3 mo. USD Term SOFR + 5.50%), 3/29/30 | 904 | 856,407 | |
| Tronox Finance LLC: | |||
| Term Loan, 6.546%, (3 mo. USD Term SOFR + 2.25%), 4/4/29 | 473 | 465,910 | |
| Term Loan, 6.796% - 6.827%, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 9/30/31 | 1,735 | 1,702,068 | |
| W.R. Grace & Co.-Conn., Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 9/22/28 | 1,086 | 1,088,567 | |
| $ 24,874,797 | |||
| Commercial Services & Supplies — 2.3% | |||
| Albion Financing 3 SARL, Term Loan, 7.321%, (3 mo. USD Term SOFR + 3.00%), 8/16/29 | 1,789 | $ 1,794,508 | |
| Allied Universal Holdco LLC: | |||
| Term Loan, 5.679%, (1 mo. EURIBOR + 3.75%), 5/12/28 | EUR | 963 | 1,137,088 |
| Term Loan, 8.177%, (1 mo. USD Term SOFR + 3.75%), 5/12/28 | 2,638 | 2,653,099 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Commercial Services & Supplies (continued) | |||
| Anticimex International AB, Term Loan, 5.661%, (3 mo. EURIBOR + 3.65%), 11/16/28 | EUR | 1,000 | $ 1,183,104 |
| Armor Holding II LLC, Term Loan, 7.916%, (6 mo. USD Term SOFR + 3.75%), 12/11/28 | 199 | 200,794 | |
| Befesa SA, Term Loan, 4.436%, (3 mo. EURIBOR + 2.25%), 7/9/29 | EUR | 1,000 | 1,184,052 |
| Belfor Holdings, Inc.: | |||
| Term Loan, 5.429%, (1 mo. EURIBOR + 3.50%), 11/1/30 | EUR | 1,000 | 1,180,896 |
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 11/1/30 | 556 | 556,986 | |
| EnergySolutions LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 9/20/30 | 3,714 | 3,741,891 | |
| Flame Newco LLC, Term Loan, 10.427%, (1 mo. USD Term SOFR + 6.00%), 6.427% cash, 4.00% PIK, 6/30/28 | 215 | 214,555 | |
| Foundever Group, Term Loan, 5.68%, (1 mo. EURIBOR + 3.75%), 8/28/28 | EUR | 500 | 333,172 |
| Foundever Worldwide Corp., Term Loan, 8.191%, (1 mo. USD Term SOFR + 3.75%), 8/28/28 | 1,829 | 1,012,195 | |
| Gategroup Fin Luxembourg SA, Term Loan, 5/28/32(21) | 600 | 602,064 | |
| GFL Environmental, Inc., Term Loan, 6.824%, (3 mo. USD Term SOFR + 2.50%), 3/3/32 | 1,500 | 1,502,812 | |
| Harsco Corp., Term Loan, 6.691%, (1 mo. USD Term SOFR + 2.25%), 6/9/28 | 384 | 381,072 | |
| Heritage-Crystal Clean, Inc., Term Loan, 8.069%, (3 mo. USD Term SOFR + 3.75%), 10/17/30 | 690 | 693,092 | |
| LSF12 Crown U.S. Commercial Bidco LLC, Term Loan, 8.574%, (1 mo. USD Term SOFR + 4.25%), 12/2/31 | 2,050 | 2,063,458 | |
| Luna 2.5 SARL, Term Loan, 6/28/32(21) | EUR | 1,000 | 1,179,635 |
| Minimax Viking GmbH: | |||
| Term Loan, 4.429%, (1 mo. EURIBOR + 2.50%), 3/17/32 | EUR | 1,500 | 1,770,787 |
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 3/17/32 | 600 | 603,375 | |
| Monitronics International, Inc., Term Loan, 12.057%, (3 mo. USD Term SOFR + 7.50%), 6/30/28 | 1,413 | 1,394,932 | |
| Prime Security Services Borrower LLC, Term Loan, 6.32%, (1 mo. USD Term SOFR + 2.00%), 10/13/30 | 943 | 944,419 | |
| Tidal Waste & Recycling Holdings LLC, Term Loan, 7.296%, (3 mo. USD Term SOFR + 3.00%), 10/24/31 | 648 | 652,966 | |
| TMF Group Holding BV: | |||
| Term Loan, 5.599%, (3 mo. EURIBOR + 3.25%), 5/3/28 | EUR | 1,000 | 1,182,857 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Commercial Services & Supplies (continued) | |||
| TMF Group Holding BV: (continued) | |||
| Term Loan, 7.035%, (3 mo. USD Term SOFR + 2.75%), 5/3/28 | 369 | $ 371,137 | |
| $ 28,534,946 | |||
| Construction Materials — 0.6% | |||
| Knife River HoldCo, Term Loan, 6.31%, (3 mo. USD Term SOFR + 2.00%), 3/8/32 | 249 | $ 250,467 | |
| Quikrete Holdings, Inc.: | |||
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 3/19/29 | 2,105 | 2,106,782 | |
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 4/14/31 | 3,113 | 3,110,875 | |
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 2/10/32 | 1,746 | 1,745,407 | |
| $ 7,213,531 | |||
| Consumer Finance — 0.2% | |||
| CPI Holdco B LLC, Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 5/19/31 | 1,216 | $ 1,213,685 | |
| Global Blue Acquisition BV, Term Loan, 5.222%, (1 mo. EURIBOR + 3.25%), 12/5/30 | EUR | 1,000 | 1,182,003 |
| $ 2,395,688 | |||
| Consumer Staples Distribution & Retail — 0.0%† | |||
| Cardenas Markets, Inc., Term Loan, 11.146%, (3 mo. USD Term SOFR + 6.75%), 8/1/29 | 391 | $ 360,705 | |
| $ 360,705 | |||
| Containers & Packaging — 0.4% | |||
| Altium Packaging LLC, Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 6/11/31 | 495 | $ 494,176 | |
| Berlin Packaging LLC, Term Loan, 7.796% - 7.824%, (1 mo. USD Term SOFR + 3.50%, 3 mo. USD Term SOFR + 3.50%), 6/7/31 | 1,210 | 1,215,334 | |
| Clydesdale Acquisition Holdings, Inc., Term Loan, 7.502%, (1 mo. USD Term SOFR + 3.18%), 4/13/29 | 468 | 467,269 | |
| Pregis TopCo Corp., Term Loan, 8.327%, (1 mo. USD Term SOFR + 4.00%), 2/1/29 | 614 | 616,869 | |
| Pretium PKG Holdings, Inc., Term Loan - Second Lien, 11.312%, (3 mo. USD Term SOFR + 6.75%), 10/1/29 | 350 | 60,725 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Containers & Packaging (continued) | |||
| Proampac PG Borrower LLC, Term Loan, 8.256% - 8.324%, (3 mo. USD Term SOFR + 4.00%), 9/15/28 | 1,108 | $ 1,113,839 | |
| Trivium Packaging BV, Term Loan, 6.48%, (3 mo. EURIBOR + 4.50%), 5/28/30 | EUR | 500 | 588,534 |
| $ 4,556,746 | |||
| Distributors — 0.4% | |||
| Parts Europe SA, Term Loan, 5.486%, (3 mo. EURIBOR + 3.25%), 2/3/31 | EUR | 1,500 | $ 1,774,338 |
| Phillips Feed Service, Inc., Term Loan, 11.427%, (1 mo. USD Term SOFR + 7.00%), 11/13/26(10) | 104 | 63,587 | |
| Rubix Group Midco 3 Ltd., Term Loan, 6.138%, (3 mo. EURIBOR + 4.00%), 9/30/28 | EUR | 1,000 | 1,182,969 |
| Safic-Alcan SAS, Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 6/22/29 | EUR | 1,000 | 1,183,723 |
| Winterfell Financing SARL, Term Loan, 7.124%, (3 mo. EURIBOR + 5.00%), 5/4/28 | EUR | 500 | 587,049 |
| $ 4,791,666 | |||
| Diversified Consumer Services — 0.7% | |||
| Amber Finco PLC, Term Loan, 5.23%, (3 mo. EURIBOR + 3.25%), 6/11/29 | EUR | 1,100 | $ 1,298,745 |
| Ascend Learning LLC: | |||
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 12/11/28 | 629 | 629,543 | |
| Term Loan - Second Lien, 10.177%, (1 mo. USD Term SOFR + 5.75%), 12/10/29 | 1,646 | 1,651,867 | |
| Fugue Finance BV, Term Loan, 5.261%, (3 mo. EURIBOR + 3.25%), 1/9/32 | EUR | 1,000 | 1,178,469 |
| KUEHG Corp., Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 6/12/30 | 970 | 971,819 | |
| Lernen Bidco Ltd., Term Loan, 8.29%, (6 mo. USD Term SOFR + 4.00%), 10/27/31 | 547 | 551,585 | |
| Spring Education Group, Inc., Term Loan, 8.296%, (3 mo. USD Term SOFR + 4.00%), 10/4/30 | 1,340 | 1,346,921 | |
| Wand NewCo 3, Inc., Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 1/30/31 | 1,103 | 1,099,703 | |
| $ 8,728,652 | |||
| Diversified Financial Services — 0.2% | |||
| Concorde Midco Ltd., Term Loan, 5.809%, (6 mo. EURIBOR + 3.50%), 3/1/30 | EUR | 1,000 | $ 1,175,012 |
| Sandy BidCo BV, Term Loan, 6.261%, (6 mo. EURIBOR + 3.85%), 8/17/29 | EUR | 1,000 | 1,165,747 |
| $ 2,340,759 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Diversified Telecommunication Services — 0.9% | |||
| Altice France SA, Term Loan, 9.756%, (3 mo. USD Term SOFR + 5.50%), 8/15/28 | 1,055 | $ 958,445 | |
| Anuvu Holdings 2 LLC: | |||
| Term Loan, 12.664%, (3 mo. USD Term SOFR + 8.25%), 3/23/26(10) | 897 | 328,826 | |
| Term Loan, 14.413%, (3 mo. USD Term SOFR + 10.00%), 8.413% cash, 6.00% PIK, 9/27/27(10) | 349 | 279,422 | |
| Eircom Finco SARL, Term Loan, 4.712%, (1 mo. EURIBOR + 2.75%), 5/15/29 | EUR | 1,786 | 2,102,051 |
| Lumen Technologies, Inc.: | |||
| Term Loan, 6.791%, (1 mo. USD Term SOFR + 2.35%), 4/16/29 | 1,041 | 1,029,683 | |
| Term Loan, 6.791%, (1 mo. USD Term SOFR + 2.35%), 4/15/30 | 1,041 | 1,029,277 | |
| Telenet International Finance SARL, Term Loan, 4.142%, (1 mo. EURIBOR + 2.25%), 4/30/29 | EUR | 1,750 | 2,046,510 |
| Virgin Media Bristol LLC, Term Loan, 7.676%, (1 mo. USD Term SOFR + 3.25%), 1/31/29 | 1,150 | 1,141,444 | |
| Virgin Media SFA Finance Ltd., Term Loan, 4.392%, (1 mo. EURIBOR + 2.50%), 1/31/29 | EUR | 600 | 700,342 |
| Zayo Group Holdings, Inc., Term Loan, 5.179%, (1 mo. EURIBOR + 3.25%), 3/9/27 | EUR | 948 | 1,045,419 |
| $ 10,661,419 | |||
| Electric Utilities — 0.5% | |||
| Kohler Energy Co. LLC: | |||
| Term Loan, 6.73%, (3 mo. EURIBOR + 4.75%), 5/1/31 | EUR | 1,500 | $ 1,771,343 |
| Term Loan, 8.046%, (3 mo. USD Term SOFR + 3.75%), 5/1/31 | 2,084 | 2,089,326 | |
| MRP Buyer LLC: | |||
| Term Loan, 7.568%, (3 mo. USD Term SOFR + 3.25%), 6/4/32 | 1,907 | 1,881,043 | |
| Term Loan, 6/4/32(20) | 243 | 239,405 | |
| $ 5,981,117 | |||
| Electrical Equipment — 0.4% | |||
| Dynamo Newco II GmbH, Term Loan, 10/1/31(21) | EUR | 500 | $ 591,846 |
| Nvent Electric PLC, Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 1/30/32 | 1,125 | 1,133,511 | |
| WEC U.S. Holdings Ltd., Term Loan, 6.574%, (1 mo. USD Term SOFR + 2.25%), 1/27/31 | 3,027 | 3,031,287 | |
| $ 4,756,644 | |||
| Electronic Equipment, Instruments & Components — 0.8% | |||
| Chamberlain Group, Inc., Term Loan, 7.677%, (1 mo. USD Term SOFR + 3.25%), 11/3/28 | 2,631 | $ 2,638,648 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Electronic Equipment, Instruments & Components (continued) | |||
| Creation Technologies, Inc., Term Loan, 10.046%, (3 mo. USD Term SOFR + 5.50%), 10/5/28 | 946 | $ 936,293 | |
| II-VI, Inc., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 7/2/29 | 751 | 752,877 | |
| Range Red Operating, Inc.: | |||
| Term Loan, 12.424%, (1 mo. USD Term SOFR + 8.00%), 10/1/29 | 188 | 187,050 | |
| Term Loan - Second Lien, 12.424%, (1 mo. USD Term SOFR + 8.00%), 10/1/29 | 788 | 784,645 | |
| Sector Alarm Holding AS, Term Loan, 5.511%, (3 mo. EURIBOR + 3.50%), 6/14/29 | EUR | 500 | 591,110 |
| Talbot Participation SAS, Term Loan, 6/25/32(21) | EUR | 1,000 | 1,181,638 |
| Verifone Systems, Inc., Term Loan, 10.211%, (3 mo. USD Term SOFR + 5.50%), 8/18/28 | 960 | 900,910 | |
| Verisure Holding AB, Term Loan, 4.98%, (3 mo. EURIBOR + 3.00%), 3/27/28 | EUR | 1,000 | 1,180,053 |
| Viavi Solutions, Inc., Term Loan, 7/30/32(21) | 650 | 651,017 | |
| $ 9,804,241 | |||
| Energy Equipment & Services — 0.4% | |||
| Ameriforge Group, Inc.: | |||
| Term Loan, 15.441%, (1 mo. USD Term SOFR + 11.00%), 4.441% cash, 11.00% PIK, 12/31/25(10) | 130 | $ 17,305 | |
| Term Loan, 15.441%, (1 mo. USD Term SOFR + 11.00%), 4.441% cash, 11.00% PIK, 12/31/25(10) | 1,127 | 149,853 | |
| New Generation Gas Gathering LLC, Term Loan, 10.03%, (3 mo. USD Term SOFR + 5.75%), 9/30/29 | 2,067 | 2,072,583 | |
| PG Investment Co. 59 SARL, Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 3/26/31 | 1,390 | 1,395,887 | |
| Staatsolie Maatschappij Suriname NV, Revolving Loan, 4/25/32(20) | 1,300 | 1,300,000 | |
| $ 4,935,628 | |||
| Engineering & Construction — 0.6% | |||
| American Residential Services LLC, Term Loan, 7.53%, (3 mo. USD Term SOFR + 3.25%), 2/2/32 | 552 | $ 554,070 | |
| APi Group DE, Inc., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 1/3/29 | 1,248 | 1,249,356 | |
| Artera Services LLC, Term Loan, 8.796%, (3 mo. USD Term SOFR + 4.50%), 2/15/31 | 420 | 353,348 | |
| Azuria Water Solutions, Inc.: | |||
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 5/17/28 | 892 | 896,087 | |
| Term Loan, 5/17/28(20) | 65 | 65,260 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Engineering & Construction (continued) | |||
| Construction Partners, Inc., Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 11/3/31 | 522 | $ 524,660 | |
| Holding Socotec, Term Loan, 5.23%, (3 mo. EURIBOR + 3.25%), 6/2/28 | EUR | 1,000 | 1,181,856 |
| Northstar Group Services, Inc., Term Loan, 8.881%, (6 mo. USD Term SOFR + 4.75%), 5/31/30 | 1,710 | 1,722,657 | |
| Platea BC Bidco AB: | |||
| Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 4/3/31 | EUR | 417 | 493,505 |
| Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 4/3/31(20) | EUR | 83 | 98,701 |
| $ 7,139,500 | |||
| Entertainment — 0.5% | |||
| City Football Group Ltd., Term Loan, 8.041%, (3 mo. USD Term SOFR + 3.50%), 7/22/30 | 1,331 | $ 1,327,295 | |
| Playtika Holding Corp., Term Loan, 7.191%, (1 mo. USD Term SOFR + 2.75%), 3/13/28 | 2,120 | 2,089,548 | |
| Pretzel Parent, Inc., Term Loan, 8.827%, (1 mo. USD Term SOFR + 4.50%), 10/1/31 | 998 | 991,764 | |
| Renaissance Holding Corp., Term Loan, 8.28%, (3 mo. USD Term SOFR + 4.00%), 4/5/30 | 933 | 850,277 | |
| Vue Entertainment International Ltd., Term Loan, 10.759%, (6 mo. EURIBOR + 8.50%), 2.359% cash, 8.40% PIK, 12/31/27 | EUR | 508 | 355,809 |
| Vue International Bidco PLC, Term Loan, 10.259%, (6 mo. EURIBOR + 8.00%), 6/30/27 | EUR | 121 | 141,732 |
| $ 5,756,425 | |||
| Financial Services — 0.6% | |||
| NCR Atleos LLC, Term Loan, 8.03%, (3 mo. USD Term SOFR + 3.75%), 4/16/29 | 555 | $ 559,451 | |
| Nuvei Technologies Corp., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 11/17/31 | 524 | 525,159 | |
| Orion U.S. Finco, Inc., Term Loan, 5/20/32(21) | 725 | 728,081 | |
| Planet U.S. Buyer LLC, Term Loan, 7.33%, (3 mo. USD Term SOFR + 3.00%), 2/7/31 | 1,188 | 1,194,386 | |
| Shift4 Payments LLC, Term Loan, 5/7/32(21) | 250 | 252,305 | |
| Stepstone Group Midco 2 GmbH: | |||
| Term Loan, 6.673%, (6 mo. EURIBOR + 4.50%), 4/26/32 | EUR | 500 | 578,668 |
| Term Loan, 8.608% - 8.651%, (3 mo. USD Term SOFR + 4.50%), 12/19/31 | 825 | 802,313 | |
| Synechron, Inc., Term Loan, 8.03%, (3 mo. USD Term SOFR + 3.75%), 10/3/31 | 873 | 850,992 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Financial Services (continued) | |||
| Walker & Dunlop, Inc., Term Loan, 6.312%, (1 mo. USD Term SOFR + 2.00%), 3/14/32 | 723 | $ 726,803 | |
| WEX, Inc., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 3/5/32 | 823 | 822,296 | |
| $ 7,040,454 | |||
| Food Products — 1.3% | |||
| Artisan Newco BV, Term Loan, 6.324%, (3 mo. EURIBOR + 4.00%), 4/1/32 | EUR | 495 | $ 586,531 |
| CHG PPC Parent LLC: | |||
| Term Loan, 5.429%, (1 mo. EURIBOR + 3.50%), 12/8/28 | EUR | 2,000 | 2,361,791 |
| Term Loan, 7.441%, (1 mo. USD Term SOFR + 3.00%), 12/8/28 | 459 | 461,720 | |
| Del Monte Foods, Inc.: | |||
| Term Loan, 12.409%, (3 mo. USD Term SOFR + 8.00%), 8/2/28 | 188 | 171,255 | |
| Term Loan, 15.474%, (3 mo. USD Term SOFR + 11.00%), 12.474% cash, 3.00% PIK, 8/2/28 | 212 | 192,671 | |
| Term Loan - Second Lien, 8.71% - 8.724%, (3 mo. USD Term SOFR + 4.25%), 8/2/28 | 439 | 246,797 | |
| Froneri Lux Finco SARL: | |||
| Term Loan, 5.098%, (6 mo. EURIBOR + 2.50%), 9/30/31 | EUR | 1,275 | 1,483,114 |
| Term Loan, 6.237%, (6 mo. USD Term SOFR + 2.00%), 9/30/31 | 2,101 | 2,082,859 | |
| Monogram Food Solutions LLC, Term Loan, 8.441%, (1 mo. USD Term SOFR + 4.00%), 8/28/28 | 531 | 535,394 | |
| Newly Weds Foods, Inc., Term Loan, 6.562%, (1 mo. USD Term SOFR + 2.25%), 3/15/32 | 1,200 | 1,200,000 | |
| Nomad Foods Europe Midco Ltd., Term Loan, 5.155%, (6 mo. EURIBOR + 2.50%), 6/24/28 | EUR | 3,000 | 3,545,849 |
| Pegasus BidCo BV, Term Loan, 5.643%, (3 mo. EURIBOR + 3.50%), 7/12/29 | EUR | 940 | 1,112,479 |
| POP Bidco SAS, Term Loan, 6.686%, (3 mo. EURIBOR + 4.50%), 11/26/31 | EUR | 500 | 592,509 |
| United Petfood Finance BV, Term Loan, 5.171%, (6 mo. EURIBOR + 2.75%), 2/26/32 | EUR | 750 | 883,304 |
| Valeo F1 Company Ltd. (Ireland), Term Loan, 6.129%, (6 mo. EURIBOR + 3.75%), 9/29/28 | EUR | 500 | 589,620 |
| $ 16,045,893 | |||
| Ground Transportation — 0.1% | |||
| Student Transportation of America Holdings, Inc.: | |||
| Term Loan, 6/24/32(21) | 60 | $ 60,197 | |
| Term Loan, 6/24/32(21) | 840 | 842,755 | |
| $ 902,952 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Health Care Equipment & Supplies — 0.2% | |||
| Bayou Intermediate II LLC, Term Loan, 9.041%, (3 mo. USD Term SOFR + 4.50%), 8/2/28 | 725 | $ 725,891 | |
| Medline Borrower LP, Term Loan, 4.679%, (1 mo. EURIBOR + 2.75%), 10/23/28 | EUR | 1,000 | 1,178,793 |
| $ 1,904,684 | |||
| Health Care Providers & Services — 3.0% | |||
| AEA International Holdings (Lux) SARL, Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 9/7/28 | 1,038 | $ 1,040,345 | |
| Biogroup-LCD, Term Loan, 5.388%, (3 mo. EURIBOR + 3.25%), 2/9/28 | EUR | 750 | 874,858 |
| BW NHHC Holdco, Inc., Term Loan - Second Lien, 12.296%, (3 mo. USD Term SOFR + 8.00%), 10.046% cash, 2.25% PIK, 1/15/26 | 3,815 | 3,652,411 | |
| CCRR Parent, Inc., Term Loan, 8.697%, (3 mo. USD Term SOFR + 4.25%), 3/6/28 | 503 | 220,713 | |
| Cerba Healthcare SAS, Term Loan, 5.629%, (1 mo. EURIBOR + 3.70%), 6/30/28 | EUR | 450 | 396,482 |
| Ceva Sante Animale: | |||
| Term Loan, 4.98%, (3 mo. EURIBOR + 3.00%), 11/8/30 | EUR | 1,500 | 1,763,021 |
| Term Loan, 7.05%, (3 mo. USD Term SOFR + 2.75%), 11/8/30 | 395 | 396,003 | |
| CHG Healthcare Services, Inc., Term Loan, 7.333%, (3 mo. USD Term SOFR + 3.00%), 9/29/28 | 1,453 | 1,459,689 | |
| CNT Holdings I Corp., Term Loan, 6.78%, (3 mo. USD Term SOFR + 2.50%), 11/8/32 | 672 | 674,674 | |
| Concentra Health Services, Inc., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 7/26/31 | 373 | 374,993 | |
| Electron BidCo, Inc., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 11/1/28 | 1,077 | 1,081,265 | |
| Elsan SAS, Term Loan, 5.475%, (3 mo. EURIBOR + 3.50%), 6/16/31 | EUR | 1,500 | 1,764,108 |
| Ensemble RCM LLC, Term Loan, 7.28%, (3 mo. USD Term SOFR + 3.00%), 8/1/29 | 2,290 | 2,301,816 | |
| Hanger, Inc.: | |||
| Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 10/23/31 | 1,171 | 1,174,244 | |
| Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 10/23/31(20) | 151 | 151,512 | |
| IVC Acquisition Ltd.: | |||
| Term Loan, 8.046%, (3 mo. USD Term SOFR + 3.75%), 12/12/28 | 1,010 | 1,016,129 | |
| Term Loan, 9.332%, (3 mo. GBP SONIA + 5.00%), 12/12/28 | GBP | 1,000 | 1,379,897 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Health Care Providers & Services (continued) | |||
| Medical Solutions Holdings, Inc., Term Loan, 7.88%, (3 mo. USD Term SOFR + 3.50%), 11/1/28 | 1,428 | $ 769,669 | |
| Mehilainen Yhtiot Oy, Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 8/5/31 | EUR | 1,000 | 1,181,867 |
| Midwest Physician Administrative Services LLC, Term Loan, 7.807%, (3 mo. USD Term SOFR + 3.25%), 3/12/28 | 1,305 | 1,220,000 | |
| National Mentor Holdings, Inc.: | |||
| Term Loan, 8.146% - 8.177%, (1 mo. USD Term SOFR + 3.75%, 3 mo. USD Term SOFR + 3.75%), 3/2/28 | 1,994 | 1,931,846 | |
| Term Loan, 8.146%, (3 mo. USD Term SOFR + 3.75%), 3/2/28 | 58 | 56,487 | |
| Option Care Health, Inc., Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 10/27/28 | 410 | 413,330 | |
| Pacific Dental Services LLC, Term Loan, 7.068%, (1 mo. USD Term SOFR + 2.75%), 3/15/31 | 1,188 | 1,190,052 | |
| Phoenix Guarantor, Inc., Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 2/21/31 | 1,570 | 1,577,141 | |
| Radnet Management, Inc., Term Loan, 6.58%, (3 mo. USD Term SOFR + 2.25%), 4/18/31 | 718 | 719,659 | |
| Raven Acquisition Holdings LLC: | |||
| Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 11/19/31 | 1,513 | 1,513,442 | |
| Term Loan, 11/19/31(20) | 108 | 108,374 | |
| Select Medical Corp., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 12/3/31 | 970 | 974,374 | |
| Sound Inpatient Physicians, Term Loan - Second Lien, 9.557%, (3 mo. USD Term SOFR + 5.00%), 8.057% cash, 1.50% PIK, 6/28/28 | 413 | 386,246 | |
| Surgery Center Holdings, Inc., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 12/19/30 | 931 | 935,221 | |
| Synlab Bondco PLC: | |||
| Term Loan, 5.068%, (6 mo. EURIBOR + 2.50%), 7/1/27 | EUR | 500 | 587,135 |
| Term Loan, 5.621%, (1 mo. EURIBOR + 3.75%), 12/20/30 | EUR | 125 | 147,628 |
| TTF Holdings LLC, Term Loan, 8.002%, (6 mo. USD Term SOFR + 3.75%), 7/18/31 | 1,399 | 1,391,473 | |
| U.S. Anesthesia Partners, Inc., Term Loan, 8.689%, (1 mo. USD Term SOFR + 4.25%), 10/1/28 | 1,467 | 1,451,273 | |
| $ 36,277,377 | |||
| Health Care Technology — 0.3% | |||
| Imprivata, Inc., Term Loan, 7.321%, (3 mo. USD Term SOFR + 3.00%), 12/1/27 | 517 | $ 519,565 | |
| PointClickCare Technologies, Inc., Term Loan, 7.416%, (6 mo. USD Term SOFR + 3.25%), 11/3/31 | 647 | 650,391 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Health Care Technology (continued) | |||
| Press Ganey Holdings, Inc., Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 4/30/31 | 645 | $ 647,073 | |
| Project Ruby Ultimate Parent Corp., Term Loan, 7.441%, (1 mo. USD Term SOFR + 3.00%), 3/10/28 | 1,008 | 1,010,492 | |
| Waystar Technologies, Inc., Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 10/22/29 | 1,035 | 1,039,810 | |
| $ 3,867,331 | |||
| Hotels, Restaurants & Leisure — 1.8% | |||
| Betclic Everest Group, Term Loan, 5.388%, (3 mo. EURIBOR + 3.25%), 12/10/31 | EUR | 500 | $ 591,019 |
| Caesars Entertainment, Inc., Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 2/6/31 | 2,247 | 2,247,978 | |
| Carnival Corp., Term Loan, 6.312%, (1 mo. USD Term SOFR + 2.00%), 10/18/28 | 2,052 | 2,056,460 | |
| Fertitta Entertainment LLC, Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 1/27/29 | 4,076 | 4,075,874 | |
| Flutter Financing BV, Term Loan, 6.046%, (3 mo. USD Term SOFR + 1.75%), 11/30/30 | 3,029 | 3,025,089 | |
| Four Seasons Hotels Ltd., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 11/30/29 | 996 | 1,002,893 | |
| GVC Holdings (Gibraltar) Ltd., Term Loan, 5.287%, (6 mo. EURIBOR + 3.25%), 6/30/28 | EUR | 1,850 | 2,192,306 |
| Herschend Entertainment Co. LLC, Term Loan, 7.572%, (1 mo. USD Term SOFR + 3.25%), 5/27/32 | 400 | 403,292 | |
| Horizon U.S. Finco LP, Term Loan, 9.03%, (3 mo. USD Term SOFR + 4.75%), 10/31/31 | 1,044 | 1,027,928 | |
| IRB Holding Corp., Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 12/15/27 | 292 | 292,092 | |
| Ontario Gaming GTA LP, Term Loan, 8.546%, (3 mo. USD Term SOFR + 4.25%), 8/1/30 | 1,481 | 1,469,142 | |
| Scientific Games Holdings LP, Term Loan, 6.099%, (3 mo. EURIBOR + 3.75%), 4/4/29 | EUR | 1,000 | 1,180,053 |
| SeaWorld Parks & Entertainment, Inc., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 12/4/31 | 867 | 867,145 | |
| Voyager Parent LLC, Term Loan, 5/9/32(21) | 875 | 867,221 | |
| Wyndham Hotels & Resorts, Inc., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 5/24/30 | 761 | 765,436 | |
| $ 22,063,928 | |||
| Household Durables — 1.3% | |||
| Libbey Glass, Inc., Term Loan, 10.933%, (3 mo. USD Term SOFR + 6.50%), 11/22/27 | 9,264 | $ 8,963,175 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Household Durables (continued) | |||
| Madison Safety & Flow LLC, Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 9/26/31 | 521 | $ 522,691 | |
| PHRG Intermediate LLC, Term Loan, 8.333%, (3 mo. USD Term SOFR + 4.00%), 2/20/32 | 950 | 947,625 | |
| Serta Simmons Bedding LLC: | |||
| Term Loan, 11.884%, (3 mo. USD Term SOFR + 7.50%), 6/29/28 | 392 | 391,087 | |
| Term Loan, 11.91%, (3 mo. USD Term SOFR + 7.50%), 6/29/28 | 3,611 | 3,314,608 | |
| Somnigroup International, Inc., Term Loan, 6.546%, (3 mo. USD Term SOFR + 2.25%), 10/24/31 | 1,586 | 1,590,814 | |
| $ 15,730,000 | |||
| Household Products — 0.2% | |||
| Kronos Acquisition Holdings, Inc., Term Loan, 8.296%, (3 mo. USD Term SOFR + 4.00%), 7/8/31 | 1,836 | $ 1,650,676 | |
| Nobel Bidco BV, Term Loan, 5.389%, (6 mo. EURIBOR + 3.00%), 9/1/28 | EUR | 1,000 | 1,177,951 |
| $ 2,828,627 | |||
| Independent Power and Renewable Electricity Producers — 0.1% | |||
| Invenergy Thermal Operating I LLC: | |||
| Term Loan, 5/17/32(21) | 961 | $ 969,466 | |
| Term Loan, 5/17/32(21) | 64 | 64,631 | |
| $ 1,034,097 | |||
| Industrial Conglomerates — 0.2% | |||
| Ammeraal Beltech Holding BV, Term Loan, 6.98%, (3 mo. EURIBOR + 5.00%), 12/30/28 | EUR | 942 | $ 1,079,122 |
| Cleanova U.S. Holdings LLC, Term Loan, 9.074%, (3 mo. USD Term SOFR + 4.75%), 6/14/32 | 550 | 540,375 | |
| Rain Carbon GmbH, Term Loan, 7.023%, (3 mo. EURIBOR + 5.00%), 10/31/28 | EUR | 901 | 1,051,855 |
| $ 2,671,352 | |||
| Insurance — 1.8% | |||
| Alera Group, Inc., Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 5/31/32 | 1,875 | $ 1,882,735 | |
| Alliant Holdings Intermediate LLC, Term Loan, 7.072%, (1 mo. USD Term SOFR + 2.75%), 9/19/31 | 1,218 | 1,219,543 | |
| AmWINS Group, Inc., Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 1/30/32 | 4,228 | 4,234,167 | |
| Broadstreet Partners, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 6/13/31 | 1,138 | 1,141,147 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Insurance (continued) | |||
| Financiere CEP SAS, Term Loan, 5.929%, (1 mo. EURIBOR + 4.00%), 6/18/27 | EUR | 1,750 | $ 2,068,979 |
| HUB International Ltd., Term Loan, 6.77%, (3 mo. USD Term SOFR + 2.50%), 6/20/30 | 4,512 | 4,530,682 | |
| IMA Financial Group, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 11/1/28 | 974 | 975,453 | |
| Ryan Specialty Group LLC, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 9/15/31 | 1,244 | 1,245,305 | |
| Siaci Saint Honore, Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 11/16/28 | EUR | 1,000 | 1,181,172 |
| Trucordia Insurance Holdings LLC, Term Loan, 7.564%, (1 mo. USD Term SOFR + 3.25%), 6/14/32 | 875 | 877,734 | |
| Truist Insurance Holdings LLC, Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 5/6/31 | 276 | 276,266 | |
| USI, Inc., Term Loan, 6.546%, (3 mo. USD Term SOFR + 2.25%), 11/21/29 | 3,003 | 3,001,802 | |
| $ 22,634,985 | |||
| Interactive Media & Services — 0.3% | |||
| Aragorn Parent Corp., Term Loan, 8.577%, (1 mo. USD Term SOFR + 4.25%), 12/15/28 | 939 | $ 946,013 | |
| Foundational Education Group, Inc., Term Loan, 8.291%, (3 mo. USD Term SOFR + 3.75%), 8/31/28 | 531 | 485,196 | |
| Twitter, Inc., Term Loan, 10.927%, (1 mo. USD Term SOFR + 6.50%), 10/26/29 | 2,190 | 2,142,375 | |
| $ 3,573,584 | |||
| IT Services — 1.7% | |||
| Asurion LLC: | |||
| Term Loan, 7.691%, (1 mo. USD Term SOFR + 3.25%), 7/31/27 | 1,063 | $ 1,063,117 | |
| Term Loan, 8.427%, (1 mo. USD Term SOFR + 4.00%), 8/19/28 | 987 | 974,710 | |
| Term Loan, 8.577%, (1 mo. USD Term SOFR + 4.25%), 9/19/30 | 3,027 | 2,955,361 | |
| Term Loan - Second Lien, 9.691%, (1 mo. USD Term SOFR + 5.25%), 1/31/28 | 1,350 | 1,294,738 | |
| Endure Digital, Inc., Term Loan, 7.927%, (1 mo. USD Term SOFR + 3.50%), 2/10/28 | 2,688 | 1,949,647 | |
| Gainwell Acquisition Corp., Term Loan, 8.396%, (3 mo. USD Term SOFR + 4.00%), 10/1/27 | 3,009 | 2,906,026 | |
| Go Daddy Operating Co. LLC, Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 11/9/29 | 145 | 145,233 | |
| Informatica LLC, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 10/27/28 | 2,588 | 2,601,818 | |
| Iron Mountain, Inc., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 1/31/31 | 858 | 858,828 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| IT Services (continued) | |||
| NAB Holdings LLC, Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 11/23/28 | 1,086 | $ 1,074,781 | |
| Plano HoldCo, Inc., Term Loan, 7.796%, (3 mo. USD Term SOFR + 3.50%), 10/2/31 | 599 | 570,071 | |
| Rackspace Finance LLC: | |||
| Term Loan, 10.679%, (1 mo. USD Term SOFR + 6.25%), 5/15/28 | 1,449 | 1,456,690 | |
| Term Loan - Second Lien, 7.179%, (1 mo. USD Term SOFR + 2.75%), 5/15/28 | 2,311 | 1,068,090 | |
| Sedgwick Claims Management Services, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 7/31/31 | 1,200 | 1,205,303 | |
| team.blue Finco SARL, Term Loan, 5.43%, (3 mo. EURIBOR + 3.45%), 9/30/29 | EUR | 1,000 | 1,180,407 |
| $ 21,304,820 | |||
| Leisure Products — 0.1% | |||
| Accell Group NV, Term Loan, 9.468%, (3 mo. EURIBOR + 7.00%), 5/31/30 | EUR | 93 | $ 90,675 |
| Recess Holdings, Inc., Term Loan, 8.025%, (3 mo. USD Term SOFR + 3.75%), 2/20/30 | 963 | 966,962 | |
| Sprint Holdco BV: | |||
| Term Loan, 9.468%, (6 mo. EURIBOR + 7.00%), 5/31/30 | EUR | 85 | 43,674 |
| Term Loan - Second Lien, 9.468%, (6 mo. EURIBOR + 7.00%), 6/30/31 | EUR | 49 | 5,455 |
| Sprint MidCo BV: | |||
| Term Loan, 9.468%, (6 mo. EURIBOR + 7.00%), 6/30/31 | EUR | 82 | 3,368 |
| Term Loan - Second Lien, 9.468%, (6 mo. EURIBOR + 7.00%), 6/30/31 | EUR | 57 | 3,688 |
| $ 1,113,822 | |||
| Life Sciences Tools & Services — 0.2% | |||
| Loire Finco Luxembourg SARL: | |||
| Term Loan, 5.929%, (1 mo. EURIBOR + 4.00%), 1/21/30 | EUR | 1,000 | $ 1,184,023 |
| Term Loan, 8.327%, (1 mo. USD Term SOFR + 4.00%), 1/21/30 | 334 | 335,413 | |
| Normec 1 BV, Term Loan, 5.376%, (1 mo. EURIBOR + 3.50%), 4/16/31 | EUR | 1,000 | 1,181,879 |
| $ 2,701,315 | |||
| Machinery — 2.7% | |||
| AAG U.S. GSI Bidco, Inc., Term Loan, 9.296%, (3 mo. USD Term SOFR + 5.00%), 10/31/31 | 499 | $ 497,503 | |
| American Trailer World Corp., Term Loan, 8.177%, (1 mo. USD Term SOFR + 3.75%), 3/3/28 | 612 | 502,645 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Machinery (continued) | |||
| Apex Tool Group LLC: | |||
| Term Loan, 14.427%, (1 mo. USD Term SOFR + 10.00%), 7.50% cash, 6.927% PIK, 2/8/30 | 1,997 | $ 1,577,709 | |
| Term Loan - Second Lien, 9.677%, (1 mo. USD Term SOFR + 5.25%), 2/8/29 | 844 | 733,464 | |
| Conair Holdings LLC, Term Loan, 8.191%, (1 mo. USD Term SOFR + 3.75%), 5/17/28 | 1,492 | 1,103,987 | |
| CPM Holdings, Inc., Term Loan, 8.824%, (1 mo. USD Term SOFR + 4.50%), 9/28/28 | 298 | 292,129 | |
| Crown Equipment Corp., Term Loan, 6.574%, (1 mo. USD Term SOFR + 2.25%), 10/10/31 | 1,047 | 1,047,595 | |
| Cube Industrials Buyer, Inc., Term Loan, 7.522%, (3 mo. USD Term SOFR + 3.25%), 10/17/31 | 424 | 426,719 | |
| Delachaux Group SA, Term Loan, 5.436%, (3 mo. EURIBOR + 3.25%), 4/16/29 | EUR | 922 | 1,088,650 |
| EMRLD Borrower LP: | |||
| Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 8/4/31 | 1,042 | 1,041,755 | |
| Term Loan, 6.833%, (3 mo. USD Term SOFR + 2.50%), 5/31/30 | 707 | 707,442 | |
| Engineered Machinery Holdings, Inc.: | |||
| Term Loan, 5.73%, (3 mo. EURIBOR + 3.75%), 5/21/28 | EUR | 963 | 1,138,738 |
| Term Loan, 5.98%, (3 mo. EURIBOR + 4.00%), 5/19/28 | EUR | 1,000 | 1,180,895 |
| Term Loan, 8.057%, (3 mo. USD Term SOFR + 3.50%), 5/19/28 | 2,579 | 2,597,285 | |
| Filtration Group Corp.: | |||
| Term Loan, 5.429%, (1 mo. EURIBOR + 3.50%), 10/21/28 | EUR | 1,184 | 1,397,947 |
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 10/21/28 | 724 | 727,361 | |
| Gates Global LLC, Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 6/4/31 | 3,573 | 3,576,769 | |
| Icebox Holdco III, Inc., Term Loan, 8.057%, (3 mo. USD Term SOFR + 3.50%), 12/22/28 | 823 | 827,077 | |
| INNIO Group Holding GmbH, Term Loan, 5.502%, (3 mo. EURIBOR + 3.25%), 11/2/28 | EUR | 578 | 683,752 |
| John Bean Technologies Corp., Term Loan, 6.427%, (1 mo. USD Term SOFR + 2.00%), 1/2/32 | 723 | 726,532 | |
| Roper Industrial Products Investment Co. LLC: | |||
| Term Loan, 5.48%, (3 mo. EURIBOR + 3.50%), 11/22/29 | EUR | 989 | 1,169,879 |
| Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 11/22/29 | 987 | 986,347 | |
| SPX Flow, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 4/5/29 | 942 | 946,032 | |
| Terex Corp., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 10/8/31 | 2,369 | 2,385,599 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Machinery (continued) | |||
| TK Elevator Midco GmbH: | |||
| Term Loan, 5.848%, (3 mo. EURIBOR + 3.25%), 4/30/30 | EUR | 1,500 | $ 1,765,318 |
| Term Loan, 7.237%, (3 mo. USD Term SOFR + 3.00%), 4/30/30 | 1,981 | 1,988,233 | |
| Zephyr German BidCo GmbH, Term Loan, 5.443%, (3 mo. EURIBOR + 3.15%), 3/10/28 | EUR | 1,500 | 1,764,938 |
| $ 32,882,300 | |||
| Marine Transportation — 0.1% | |||
| Boluda Towage SL, Term Loan, 5.539%, (3 mo. EURIBOR + 3.50%), 1/31/30 | EUR | 1,000 | $ 1,184,912 |
| $ 1,184,912 | |||
| Media — 0.4% | |||
| ABG Intermediate Holdings 2 LLC: | |||
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 12/21/28 | 246 | $ 246,229 | |
| Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 2/13/32 | 623 | 623,048 | |
| Charter Communications Operating LLC, Term Loan, 6.548%, (3 mo. USD Term SOFR + 2.25%), 12/15/31 | 572 | 573,664 | |
| Emerald X, Inc., Term Loan, 8.077%, (1 mo. USD Term SOFR + 3.75%), 1/30/32 | 225 | 226,618 | |
| Fleet Midco I Ltd., Term Loan, 7.055%, (6 mo. USD Term SOFR + 2.75%), 2/21/31 | 658 | 660,267 | |
| Gray Television, Inc., Term Loan, 7.439%, (1 mo. USD Term SOFR + 3.00%), 12/1/28 | 912 | 884,893 | |
| Hubbard Radio LLC, Term Loan, 8.827%, (1 mo. USD Term SOFR + 4.50%), 9/30/27 | 538 | 314,691 | |
| iHeartCommunications, Inc., Term Loan, 10.216%, (1 mo. USD Term SOFR + 5.78%), 5/1/29 | 419 | 342,923 | |
| MJH Healthcare Holdings LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 1/29/29 | 489 | 490,910 | |
| $ 4,363,243 | |||
| Metals/Mining — 0.4% | |||
| American Consolidated Natural Resources, Inc., Term Loan - Second Lien, 13.00%, 12/11/29(22) | 416 | $ 408,744 | |
| Arsenal AIC Parent LLC, Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 8/19/30 | 737 | 737,328 | |
| Navoi Mining & Metallurgical Co., Term Loan, 9.032%, (3 mo. USD Term SOFR + 4.76%), 4/23/27 | 91 | 90,959 | |
| Novelis Corp., Term Loan, 6.296%, (3 mo. USD Term SOFR + 2.00%), 3/11/32 | 948 | 949,994 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Metals/Mining (continued) | |||
| PMHC II, Inc., Term Loan, 8.642%, (3 mo. USD Term SOFR + 4.25%), 4/23/29 | 977 | $ 856,093 | |
| WireCo WorldGroup, Inc., Term Loan, 8.022%, (3 mo. USD Term SOFR + 3.75%), 11/13/28 | 430 | 409,947 | |
| Zekelman Industries, Inc., Term Loan, 6.563%, (1 mo. USD Term SOFR + 2.25%), 1/24/31 | 1,083 | 1,086,030 | |
| $ 4,539,095 | |||
| Oil, Gas & Consumable Fuels — 0.7% | |||
| Epic Crude Services LP, Term Loan, 7.256%, (3 mo. USD Term SOFR + 3.00%), 10/15/31 | 623 | $ 626,296 | |
| Freeport LNG Investments LLLP, Term Loan, 7.519%, (3 mo. USD Term SOFR + 3.25%), 12/21/28 | 622 | 623,268 | |
| GIP Pilot Acquisition Partners LP, Term Loan, 6.277%, (3 mo. USD Term SOFR + 2.00%), 10/4/30 | 471 | 472,830 | |
| Hilcorp Energy I LP, Term Loan, 6.314%, (1 mo. USD Term SOFR + 2.00%), 2/11/30 | 848 | 850,525 | |
| ITT Holdings LLC, Term Loan, 7.052%, (1 mo. USD Term SOFR + 2.73%), 10/11/30 | 786 | 789,096 | |
| Matador Bidco SARL, Term Loan, 8.677%, (1 mo. USD Term SOFR + 4.25%), 7/30/29 | 1,529 | 1,538,280 | |
| Natgasoline LLC, Term Loan, 9.827%, (1 mo. USD Term SOFR + 5.50%), 3/29/30 | 522 | 519,762 | |
| Oryx Midstream Services Permian Basin LLC, Term Loan, 6.572%, (1 mo. USD Term SOFR + 2.25%), 10/5/28 | 1,008 | 1,008,888 | |
| Oxbow Carbon LLC, Term Loan, 7.827%, (1 mo. USD Term SOFR + 3.50%), 5/10/30 | 486 | 482,252 | |
| UGI Energy Services LLC, Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 2/22/30 | 1,450 | 1,457,985 | |
| Whitewater Matterhorn Holdings LLC, Term Loan, 6.569%, (3 mo. USD Term SOFR + 2.25%), 6/16/32 | 500 | 500,417 | |
| $ 8,869,599 | |||
| Passenger Airlines — 0.0%† | |||
| WestJet Loyalty LP, Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 2/14/31 | 494 | $ 494,429 | |
| $ 494,429 | |||
| Personal Products — 0.1% | |||
| Rainbow Finco SARL, Term Loan, 5.71%, (6 mo. EURIBOR + 3.25%), 2/23/29 | EUR | 1,000 | $ 1,176,555 |
| $ 1,176,555 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Pharmaceuticals — 0.4% | |||
| Bausch Health Cos., Inc., Term Loan, 10.561%, (1 mo. USD Term SOFR + 6.25%), 10/8/30 | 850 | $ 821,644 | |
| Jazz Financing Lux SARL, Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 5/5/28 | 1,010 | 1,015,139 | |
| Mallinckrodt International Finance SA, Term Loan - Second Lien, 14.00%, (1 mo. USD Term SOFR + 9.50%), 11/14/28 | 1,482 | 1,533,807 | |
| Nidda Healthcare Holding AG, Term Loan, 6.046%, (3 mo. EURIBOR + 4.00%), 2/21/30 | EUR | 750 | 886,224 |
| Recipharm AB, Term Loan, 6.093%, (3 mo. EURIBOR + 3.25%), 2/17/28 | EUR | 1,000 | 1,175,341 |
| $ 5,432,155 | |||
| Professional Services — 3.0% | |||
| AAL Delaware Holdco, Inc., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 7/30/31 | 695 | $ 696,388 | |
| AlixPartners LLP: | |||
| Term Loan, 4.98%, (3 mo. EURIBOR + 3.00%), 2/4/28 | EUR | 958 | 1,132,117 |
| Term Loan, 6.941%, (1 mo. USD Term SOFR + 2.50%), 2/4/28 | 1,903 | 1,912,465 | |
| Amspec Parent LLC: | |||
| Term Loan, 7.796%, (3 mo. USD Term SOFR + 3.50%), 12/22/31 | 1,040 | 1,046,500 | |
| Term Loan, 12/22/31(20) | 123 | 124,104 | |
| Term Loan, 12/22/31(21) | 37 | 36,896 | |
| APFS Staffing Holdings, Inc., Term Loan, 8.577%, (1 mo. USD Term SOFR + 4.25%), 12/29/28 | 243 | 227,768 | |
| Apleona Holding GmbH: | |||
| Term Loan, 5.636%, (3 mo. EURIBOR + 3.45%), 4/28/28 | EUR | 1,000 | 1,180,654 |
| Term Loan, 4/10/32(21) | EUR | 925 | 1,096,158 |
| Term Loan, 4/10/32(21) | EUR | 75 | 88,878 |
| Beauparc, Term Loan, 5.094%, (3 mo. EURIBOR + 3.15%), 8/24/28 | EUR | 750 | 882,200 |
| Camelot U.S. Acquisition LLC, Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 1/31/31 | 2,086 | 2,066,739 | |
| Citrin Cooperman Advisors LLC: | |||
| Term Loan, 7.316%, (3 mo. USD Term SOFR + 3.00%), 4/1/32 | 1,268 | 1,269,234 | |
| Term Loan, 4/1/32(20) | 82 | 81,886 | |
| CohnReznick LLP: | |||
| Term Loan, 8.296%, (3 mo. USD Term SOFR + 4.00%), 3/31/32 | 589 | 587,250 | |
| Term Loan, 3/31/32(20) | 136 | 135,938 | |
| CoreLogic, Inc., Term Loan, 7.941%, (1 mo. USD Term SOFR + 3.50%), 6/2/28 | 2,015 | 1,997,549 | |
| Corporation Service Co., Term Loan, 6.327%, (1 mo. USD Term SOFR + 2.00%), 11/2/29 | 258 | 258,322 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Professional Services (continued) | |||
| Deerfield Dakota Holding LLC, Term Loan, 8.046%, (3 mo. USD Term SOFR + 3.75%), 4/9/27 | 2,021 | $ 1,968,795 | |
| EAB Global, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 8/16/30 | 222 | 218,577 | |
| Employbridge Holding Co.: | |||
| Term Loan, 9.796%, (3 mo. USD Term SOFR + 5.50%), 1/19/30 | 966 | 754,457 | |
| Term Loan, 1/19/30(20) | 405 | 316,712 | |
| Term Loan - Second Lien, 9.307%, (3 mo. USD Term SOFR + 4.75%), 1/19/30 | 2,160 | 574,115 | |
| First Advantage Holdings LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 10/31/31 | 2,210 | 2,214,047 | |
| Galaxy Bidco Ltd., Term Loan, 6.042%, (6 mo. EURIBOR + 4.00%), 12/19/29 | EUR | 1,000 | 1,186,573 |
| Genuine Financial Holdings LLC, Term Loan, 7.577%, (3 mo. USD Term SOFR + 3.25%), 9/27/30 | 393 | 374,553 | |
| Grant Thornton Advisors LLC: | |||
| Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 6/2/31 | 1,986 | 1,987,138 | |
| Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 6/2/31 | 1,475 | 1,479,241 | |
| iSolved, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 10/15/30 | 494 | 496,317 | |
| Mermaid Bidco, Inc.: | |||
| Term Loan, 5.892%, (3 mo. EURIBOR + 3.75%), 7/3/31 | EUR | 1,000 | 1,184,948 |
| Term Loan, 7.51%, (3 mo. USD Term SOFR + 3.25%), 7/3/31 | 871 | 873,239 | |
| Neptune Bidco U.S., Inc., Term Loan, 9.33%, (3 mo. USD Term SOFR + 5.00%), 4/11/29 | 1,862 | 1,765,902 | |
| PHM Group Holding OYJ, Term Loan, 5.725%, (3 mo. EURIBOR + 3.50%), 4/22/32 | EUR | 500 | 587,014 |
| Techem Verwaltungsgesellschaft 675 GmbH, Term Loan, 5.638%, (3 mo. EURIBOR + 3.50%), 7/15/29 | EUR | 1,826 | 2,160,907 |
| Tempo Acquisition LLC, Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 8/31/28 | 667 | 665,380 | |
| Teneo Holdings LLC, Term Loan, 9.077%, (1 mo. USD Term SOFR + 4.75%), 3/13/31 | 1,235 | 1,249,006 | |
| Trans Union LLC, Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 6/24/31 | 1,236 | 1,238,707 | |
| Vaco Holdings LLC, Term Loan, 9.446%, (3 mo. USD Term SOFR + 5.00%), 1/21/29 | 265 | 243,946 | |
| $ 36,360,620 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Real Estate Management & Development — 0.4% | |||
| Cushman & Wakefield U.S. Borrower LLC: | |||
| Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 1/31/30 | 2,975 | $ 2,992,502 | |
| Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 1/31/30 | 1,168 | 1,175,485 | |
| Greystar Real Estate Partners LLC, Term Loan, 7.046%, (3 mo. USD Term SOFR + 2.75%), 8/21/30 | 590 | 591,763 | |
| $ 4,759,750 | |||
| Road & Rail — 0.3% | |||
| Hertz Corp.: | |||
| Term Loan, 8.033%, (3 mo. USD Term SOFR + 3.75%), 6/30/28 | 714 | $ 593,170 | |
| Term Loan, 8.041%, (3 mo. USD Term SOFR + 3.50%), 6/30/28 | 1,010 | 842,072 | |
| Term Loan, 8.041%, (3 mo. USD Term SOFR + 3.50%), 6/30/28 | 198 | 165,311 | |
| Kenan Advantage Group, Inc., Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 1/25/29 | 2,155 | 2,128,332 | |
| $ 3,728,885 | |||
| Semiconductors & Semiconductor Equipment — 0.3% | |||
| Altar Bidco, Inc., Term Loan, 7.247%, (12 mo. USD Term SOFR + 3.10%), 2/1/29 | 1,237 | $ 1,234,604 | |
| Bright Bidco BV, Term Loan, 0.00%, 10/31/27(18) | 354 | 138,739 | |
| MaxLinear, Inc., Term Loan, 6.686%, (1 mo. USD Term SOFR + 2.25%), 6/23/28 | 286 | 265,714 | |
| MKS Instruments, Inc., Term Loan, 4.476%, (1 mo. EURIBOR + 2.50%), 8/17/29 | EUR | 1,462 | 1,725,381 |
| $ 3,364,438 | |||
| Software — 5.6% | |||
| Applied Systems, Inc., Term Loan, 6.796%, (3 mo. USD Term SOFR + 2.50%), 2/24/31 | 5,054 | $ 5,081,580 | |
| Astra Acquisition Corp.: | |||
| Term Loan, 0.00%, 10/25/28(18) | 853 | 19,200 | |
| Term Loan, 0.00%, 10/25/29(18) | 1,269 | 34,901 | |
| Term Loan, 11.046%, (3 mo. USD Term SOFR + 6.75%), 2/25/28 | 607 | 172,940 | |
| Athena BidCo GmbH, Term Loan, 5/31/32(21) | EUR | 1,000 | 1,183,310 |
| Boost Newco Borrower LLC: | |||
| Term Loan, 4.48%, (3 mo. EURIBOR + 2.50%), 1/31/31 | EUR | 1,493 | 1,761,768 |
| Term Loan, 6.296%, (3 mo. USD Term SOFR + 2.00%), 1/31/31 | 2,861 | 2,871,370 | |
| Boxer Parent Co., Inc.: | |||
| Term Loan, 5.511%, (3 mo. EURIBOR + 3.50%), 7/30/31 | EUR | 480 | 565,734 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Software (continued) | |||
| Boxer Parent Co., Inc.: (continued) | |||
| Term Loan, 7.333%, (3 mo. USD Term SOFR + 3.00%), 7/30/31 | 2,952 | $ 2,936,854 | |
| Cegid Group SAS, Term Loan, 5.436%, (3 mo. EURIBOR + 3.25%), 7/10/28 | EUR | 1,000 | 1,179,623 |
| Central Parent, Inc., Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 7/6/29 | 2,241 | 1,876,952 | |
| Cloud Software Group, Inc., Term Loan, 7.796%, (3 mo. USD Term SOFR + 3.50%), 3/29/29 | 1,095 | 1,097,287 | |
| Cloudera, Inc.: | |||
| Term Loan, 8.177%, (1 mo. USD Term SOFR + 3.75%), 10/8/28 | 3,770 | 3,634,140 | |
| Term Loan - Second Lien, 10.427%, (1 mo. USD Term SOFR + 6.00%), 10/8/29 | 775 | 705,738 | |
| Clover Holdings SPV III LLC, Term Loan, 15.00%, 12/9/27(22) | 275 | 274,447 | |
| Constant Contact, Inc., Term Loan, 8.518%, (3 mo. USD Term SOFR + 4.00%), 2/10/28 | 1,693 | 1,626,864 | |
| Cornerstone OnDemand, Inc., Term Loan, 8.077%, (1 mo. USD Term SOFR + 3.75%), 10/16/28 | 1,306 | 1,228,985 | |
| Dragon Buyer, Inc., Term Loan, 7.296%, (3 mo. USD Term SOFR + 3.00%), 9/30/31 | 1,418 | 1,422,306 | |
| Drake Software LLC, Term Loan, 8.546%, (3 mo. USD Term SOFR + 4.25%), 6/26/31 | 2,034 | 2,029,390 | |
| ECI Macola Max Holding LLC, Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 5/9/30 | 1,391 | 1,399,807 | |
| Ellucian Holdings, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 10/9/29 | 312 | 312,775 | |
| Epicor Software Corp., Term Loan, 7.077%, (1 mo. USD Term SOFR + 2.75%), 5/30/31 | 2,308 | 2,316,838 | |
| Fiserv Investment Solutions, Inc., Term Loan, 8.322%, (3 mo. USD Term SOFR + 4.00%), 2/18/27 | 499 | 494,386 | |
| GoTo Group, Inc.: | |||
| Term Loan, 9.162%, (1 mo. USD Term SOFR + 4.75%), 4/28/28 | 938 | 819,400 | |
| Term Loan - Second Lien, 9.162%, (1 mo. USD Term SOFR + 4.75%), 4/28/28 | 589 | 213,569 | |
| IGT Holding IV AB, Term Loan, 5.13%, (3 mo. EURIBOR + 3.15%), 3/31/28 | EUR | 1,000 | 1,178,687 |
| IQN Holding Corp., Term Loan - Second Lien, 9.546%, (3 mo. USD Term SOFR + 5.25%), 7/16/32 | 375 | 378,906 | |
| Ivanti Software, Inc., Term Loan, 9.016% - 9.058%, (3 mo. USD Term SOFR + 4.75%), 6/1/29 | 697 | 581,036 | |
| Marcel LUX IV SARL: | |||
| Term Loan, 5.926%, (3 mo. EURIBOR + 3.75%), 11/12/30 | EUR | 1,500 | 1,777,695 |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Software (continued) | |||
| Marcel LUX IV SARL: (continued) | |||
| Term Loan, 7.76%, (1 mo. USD Term SOFR + 3.50%), 11/12/30 | 1,216 | $ 1,224,201 | |
| McAfee LLC: | |||
| Term Loan, 5.686%, (3 mo. EURIBOR + 3.50%), 3/1/29 | EUR | 973 | 1,149,741 |
| Term Loan, 7.316%, (1 mo. USD Term SOFR + 3.00%), 3/1/29 | 2,730 | 2,657,309 | |
| Mosel Bidco SE, Term Loan, 5.73%, (3 mo. EURIBOR + 3.75%), 9/16/30 | EUR | 750 | 886,652 |
| OceanKey (U.S.) II Corp., Term Loan, 7.927%, (1 mo. USD Term SOFR + 3.50%), 12/15/28 | 1,575 | 1,579,792 | |
| OID-OL Intermediate I LLC: | |||
| Term Loan, 8.733%, (3 mo. USD Term SOFR + 4.25%), 2/1/29 | 901 | 756,475 | |
| Term Loan, 10.318%, (3 mo. USD Term SOFR + 6.00%), 2/1/29 | 219 | 226,519 | |
| Open Text Corp., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 1/31/30 | 838 | 838,972 | |
| Polaris Newco LLC: | |||
| Term Loan, 5.679%, (1 mo. EURIBOR + 3.75%), 6/2/28 | EUR | 963 | 1,087,009 |
| Term Loan, 8.291%, (3 mo. USD Term SOFR + 3.75%), 6/2/28 | 2,744 | 2,678,016 | |
| Project Boost Purchaser LLC, Term Loan, 7.296%, (3 mo. USD Term SOFR + 3.00%), 7/16/31 | 846 | 848,177 | |
| Proofpoint, Inc., Term Loan, 7.327%, (1 mo. USD Term SOFR + 3.00%), 8/31/28 | 2,413 | 2,417,523 | |
| Quartz Acquireco LLC, Term Loan, 6.546%, (3 mo. USD Term SOFR + 2.25%), 6/28/30 | 737 | 740,559 | |
| Questel Unite SAS, Term Loan, 5.98%, (3 mo. EURIBOR + 4.00%), 3/5/32 | EUR | 500 | 590,595 |
| RealPage, Inc.: | |||
| Term Loan, 7.557%, (3 mo. USD Term SOFR + 3.00%), 4/24/28 | 2,767 | 2,751,290 | |
| Term Loan, 8.046%, (3 mo. USD Term SOFR + 3.75%), 4/24/28 | 449 | 450,152 | |
| Sabre GLBL, Inc.: | |||
| Term Loan, 8.677%, (1 mo. USD Term SOFR + 4.25%), 6/30/28 | 166 | 164,538 | |
| Term Loan, 10.427%, (1 mo. USD Term SOFR + 6.00%), 11/15/29 | 929 | 929,006 | |
| SolarWinds Holdings, Inc., Term Loan, 8.261%, (3 mo. USD Term SOFR + 4.00%), 4/16/32 | 2,050 | 2,009,431 | |
| UKG, Inc., Term Loan, 7.311%, (1 mo. USD Term SOFR + 3.00%), 2/10/31 | 4,192 | 4,212,543 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Software (continued) | |||
| Veritas U.S., Inc., Term Loan, 16.796%, (3 mo. USD Term SOFR + 12.50%), 12/9/29 | 780 | $ 785,681 | |
| Vision Solutions, Inc., Term Loan, 8.541%, (3 mo. USD Term SOFR + 4.00%), 4/24/28 | 410 | 390,404 | |
| $ 68,551,073 | |||
| Specialty Retail — 1.1% | |||
| Applegreen Ireland, Term Loan, 7.186%, (3 mo. EURIBOR + 5.00%), 1/30/32 | EUR | 500 | $ 595,160 |
| Apro LLC, Term Loan, 8.061%, (1 mo. USD Term SOFR + 3.75%), 7/9/31 | 596 | 594,756 | |
| Boels Topholding BV, Term Loan, 4.664%, (1 mo. EURIBOR + 2.75%), 5/23/31 | EUR | 862 | 1,017,952 |
| EG Group Ltd., Term Loan, 6.454%, (3 mo. EURIBOR + 4.50%), 2/7/28 | EUR | 437 | 517,328 |
| Etraveli Holding AB, Term Loan, 5.98%, (3 mo. EURIBOR + 4.00%), 11/2/28 | EUR | 937 | 1,109,039 |
| Great Outdoors Group LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 1/23/32 | 2,341 | 2,341,209 | |
| Harbor Freight Tools USA, Inc., Term Loan, 6.577%, (1 mo. USD Term SOFR + 2.25%), 6/11/31 | 2,332 | 2,286,940 | |
| Homeserve USA Holding Corp., Term Loan, 6.318%, (1 mo. USD Term SOFR + 2.00%), 10/21/30 | 889 | 890,696 | |
| Hoya Midco LLC, Term Loan, 6.53%, (3 mo. USD Term SOFR + 2.25%), 2/3/29 | 871 | 765,088 | |
| Les Schwab Tire Centers, Term Loan, 6.827% - 6.833%, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 4/23/31 | 1,588 | 1,588,258 | |
| Speedster Bidco GmbH: | |||
| Term Loan, 5.879%, (6 mo. EURIBOR + 3.50%), 12/10/31 | EUR | 1,000 | 1,182,769 |
| Term Loan, 7.546%, (3 mo. USD Term SOFR + 3.25%), 12/10/31 | 848 | 853,971 | |
| $ 13,743,166 | |||
| Technology Hardware, Storage & Peripherals — 0.0%† | |||
| Poseidon Bidco SASU, Term Loan, 6.98%, (3 mo. EURIBOR + 5.00%), 3/13/30 | EUR | 750 | $ 605,172 |
| $ 605,172 | |||
| Trading Companies & Distributors — 1.7% | |||
| American Builders & Contractors Supply Co., Inc., Term Loan, 6.077%, (1 mo. USD Term SOFR + 1.75%), 1/31/31 | 2,317 | $ 2,327,798 | |
| CD&R Hydra Buyer, Inc., Term Loan, 8.427%, (1 mo. USD Term SOFR + 4.00%), 3/25/31 | 839 | 827,938 | |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Trading Companies & Distributors (continued) | |||
| Core & Main LP, Term Loan, 6.27%, (6 mo. USD Term SOFR + 2.00%), 2/9/31 | 370 | $ 371,562 | |
| DXP Enterprises, Inc., Term Loan, 8.077%, (1 mo. USD Term SOFR + 3.75%), 10/11/30 | 663 | 668,524 | |
| Foundation Building Materials Holding Co. LLC, Term Loan, 8.28%, (3 mo. USD Term SOFR + 4.00%), 1/29/31 | 1,021 | 1,001,912 | |
| Herc Holdings, Inc., Term Loan, 6.324%, (3 mo. USD Term SOFR + 2.00%), 6/2/32 | 375 | 376,875 | |
| Kodiak Building Partners, Inc., Term Loan, 8.035%, (3 mo. USD Term SOFR + 3.75%), 12/4/31 | 549 | 529,651 | |
| Paint Intermediate III LLC, Term Loan, 7.299%, (3 mo. USD Term SOFR + 3.00%), 10/9/31 | 524 | 520,414 | |
| Patagonia Bidco Ltd., Term Loan, 9.709%, (3 mo. GBP SONIA + 5.25%), 11/1/28 | GBP | 1,000 | 1,219,517 |
| PEARLS (Netherlands) Bidco BV, Term Loan, 5.686%, (3 mo. EURIBOR + 3.50%), 2/26/29 | EUR | 1,000 | 1,176,484 |
| Quimper AB, Term Loan, 6.078%, (3 mo. EURIBOR + 3.75%), 3/29/30 | EUR | 1,875 | 2,207,675 |
| Ramudden Global Group GmbH, Term Loan, 5.376%, (1 mo. EURIBOR + 3.50%), 12/10/29 | EUR | 1,000 | 1,156,783 |
| Spin Holdco, Inc., Term Loan, 8.577%, (3 mo. USD Term SOFR + 4.00%), 3/4/28 | 3,734 | 3,290,808 | |
| White Cap Buyer LLC, Term Loan, 7.577%, (1 mo. USD Term SOFR + 3.25%), 10/19/29 | 3,410 | 3,396,537 | |
| Windsor Holdings III LLC: | |||
| Term Loan, 4.726%, (1 mo. EURIBOR + 2.75%), 8/1/30 | EUR | 500 | 584,558 |
| Term Loan, 7.072%, (1 mo. USD Term SOFR + 2.75%), 8/1/30 | 1,130 | 1,131,911 | |
| $ 20,788,947 | |||
| Transportation Infrastructure — 0.1% | |||
| Brown Group Holding LLC: | |||
| Term Loan, 6.78% - 6.833%, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 7/1/31 | 645 | $ 646,529 | |
| Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 7/1/31 | 217 | 217,207 | |
| KKR Apple Bidco LLC, Term Loan, 6.827%, (1 mo. USD Term SOFR + 2.50%), 9/23/31 | 169 | 168,796 | |
| $ 1,032,532 | |||
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Wireless Telecommunication Services — 0.4% | |||
| Digicel International Finance Ltd., Term Loan, 11.78%, (3 mo. USD Term SOFR + 7.50%), 9.53% cash, 2.25% PIK, 5/25/27 | 5,073 | $ 5,072,501 | |
| $ 5,072,501 | |||
| Total Senior Floating-Rate Loans (identified cost $571,238,523) | $ 566,380,579 | ||
| Sovereign Government Bonds — 4.5% |
| Security | Principal Amount* (000's omitted) | Value | |
| Albania — 0.1% | |||
| Albania Government International Bonds: | |||
| 3.50%, 11/23/31(14) | EUR | 200 | $ 229,198 |
| 4.75%, 2/14/35(14) | EUR | 334 | 393,771 |
| $ 622,969 | |||
| Angola — 0.1% | |||
| Angola Government International Bonds: | |||
| 8.75%, 4/14/32(14) | 250 | $ 221,112 | |
| 9.125%, 11/26/49(14) | 683 | 530,387 | |
| 9.375%, 5/8/48(14) | 200 | 159,407 | |
| $ 910,906 | |||
| Argentina — 0.2% | |||
| Argentina Republic Government International Bonds: | |||
| 0.75% to 7/9/27, 7/9/30(3) | 545 | $ 436,480 | |
| 1.00%, 7/9/29 | 90 | 75,555 | |
| 3.50% to 7/9/29, 7/9/41(3) | 400 | 248,280 | |
| 4.125% to 7/9/27, 7/9/35(3) | 820 | 553,679 | |
| 5.00%, 1/9/38 | 500 | 357,609 | |
| Provincia de Cordoba, 9.75%, 7/2/32(1)(8) | 237 | 238,007 | |
| $ 1,909,610 | |||
| Armenia — 0.0%† | |||
| Republic of Armenia International Bonds, 6.75%, 3/12/35(14) | 200 | $ 194,807 | |
| $ 194,807 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Azerbaijan — 0.0%† | |||
| Republic of Azerbaijan International Bonds, 3.50%, 9/1/32(14) | 240 | $ 215,117 | |
| $ 215,117 | |||
| Bahamas — 0.1% | |||
| Bahamas Government International Bonds: | |||
| 6.625%, 5/15/33(14) | 32 | $ 29,258 | |
| 8.25%, 6/24/36(1) | 322 | 327,474 | |
| 8.95%, 10/15/32(14) | 400 | 429,092 | |
| $ 785,824 | |||
| Benin — 0.1% | |||
| Benin Government International Bonds: | |||
| 4.875%, 1/19/32(14) | EUR | 152 | $ 163,471 |
| 4.95%, 1/22/35(14) | EUR | 430 | 433,736 |
| 6.875%, 1/19/52(14) | EUR | 500 | 492,415 |
| 7.96%, 2/13/38(14) | 200 | 189,921 | |
| 8.375%, 1/23/41(14) | 200 | 192,487 | |
| $ 1,472,030 | |||
| Brazil — 0.2% | |||
| Brazil Government International Bonds: | |||
| 3.875%, 6/12/30 | 800 | $ 755,261 | |
| 4.625%, 1/13/28 | 500 | 501,275 | |
| 5.00%, 1/27/45 | 800 | 610,097 | |
| $ 1,866,633 | |||
| Bulgaria — 0.0%† | |||
| Bulgaria Government International Bonds, 5.00%, 3/5/37(14) | 120 | $ 117,434 | |
| $ 117,434 | |||
| Cameroon — 0.1% | |||
| Republic of Cameroon International Bonds: | |||
| 5.95%, 7/7/32(14) | EUR | 400 | $ 369,929 |
| 9.50%, 7/31/31(14) | 877 | 819,776 | |
| $ 1,189,705 | |||
| Chile — 0.1% | |||
| Chile Government International Bonds: | |||
| 2.55%, 7/27/33 | 1,200 | $ 1,012,500 | |
| 3.50%, 1/25/50 | 800 | 570,840 | |
| $ 1,583,340 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Colombia — 0.1% | |||
| Colombia Government International Bonds: | |||
| 3.25%, 4/22/32 | 600 | $ 476,072 | |
| 4.125%, 5/15/51 | 630 | 360,165 | |
| 8.00%, 11/14/35 | 800 | 805,432 | |
| $ 1,641,669 | |||
| Costa Rica — 0.0%† | |||
| Costa Rica Government International Bonds, 6.55%, 4/3/34(14) | 350 | $ 366,067 | |
| $ 366,067 | |||
| Dominican Republic — 0.2% | |||
| Dominican Republic International Bonds: | |||
| 4.50%, 1/30/30(14) | 400 | $ 380,780 | |
| 4.875%, 9/23/32(14) | 680 | 629,578 | |
| 5.30%, 1/21/41(14) | 150 | 129,690 | |
| 5.95%, 1/25/27(14) | 100 | 101,110 | |
| 6.85%, 1/27/45(14) | 400 | 396,700 | |
| 7.45%, 4/30/44(14) | 300 | 314,250 | |
| $ 1,952,108 | |||
| Ecuador — 0.1% | |||
| Ecuador Government International Bonds: | |||
| 0.00%, 7/31/30(14) | 400 | $ 290,220 | |
| 5.50% to 7/31/25, 7/31/35(3)(14) | 430 | 313,143 | |
| 6.90%, 7/31/30(14) | 400 | 348,500 | |
| $ 951,863 | |||
| Egypt — 0.2% | |||
| Egypt Government International Bonds: | |||
| 5.625%, 4/16/30(14) | EUR | 400 | $ 435,437 |
| 6.375%, 4/11/31(14) | EUR | 400 | 437,600 |
| 7.053%, 1/15/32(14) | 442 | 405,374 | |
| 7.30%, 9/30/33(14) | 200 | 177,916 | |
| 7.625%, 5/29/32(14) | 200 | 185,494 | |
| 7.903%, 2/21/48(14) | 481 | 369,910 | |
| 8.50%, 1/31/47(14) | 478 | 388,651 | |
| 8.625%, 2/4/30(14) | 314 | 317,807 | |
| $ 2,718,189 | |||
| El Salvador — 0.0%† | |||
| El Salvador Government International Bonds: | |||
| 8.25%, 4/10/32(14) | 230 | $ 233,542 | |
| Security | Principal Amount* (000's omitted) | Value | |
| El Salvador (continued) | |||
| El Salvador Government International Bonds: (continued) | |||
| 9.65%, 11/21/54(1) | 252 | $ 260,190 | |
| $ 493,732 | |||
| Ethiopia — 0.1% | |||
| Ethiopia International Bonds, 6.625%, 12/11/24(14)(18) | 1,374 | $ 1,265,797 | |
| $ 1,265,797 | |||
| Gabon — 0.0%† | |||
| Gabon Government International Bonds, 6.625%, 2/6/31(14) | 200 | $ 159,685 | |
| $ 159,685 | |||
| Ghana — 0.1% | |||
| Ghana Government International Bonds: | |||
| 0.00%, 1/3/30(14) | 73 | $ 61,350 | |
| 1.50%, 1/3/37(14) | 88 | 40,491 | |
| 5.00% to 7/3/28, 7/3/29(3)(14) | 209 | 196,244 | |
| 5.00% to 7/3/28, 7/3/35(3)(14) | 1,260 | 983,665 | |
| $ 1,281,750 | |||
| Guatemala — 0.0%† | |||
| Guatemala Government Bonds: | |||
| 5.375%, 4/24/32(14) | 330 | $ 323,047 | |
| 6.55%, 2/6/37(14) | 200 | 202,240 | |
| $ 525,287 | |||
| Honduras — 0.1% | |||
| Honduras Government International Bonds, 8.625%, 11/27/34(1)(14) | 600 | $ 630,450 | |
| $ 630,450 | |||
| Hungary — 0.1% | |||
| Hungary Government International Bonds: | |||
| 2.125%, 9/22/31(14) | 400 | $ 333,355 | |
| 5.50%, 3/26/36(14) | 400 | 386,358 | |
| 6.25%, 9/22/32(14) | 700 | 731,831 | |
| $ 1,451,544 | |||
| India — 0.1% | |||
| Export-Import Bank of India: | |||
| 2.25%, 1/13/31(14) | 600 | $ 527,764 | |
| Security | Principal Amount* (000's omitted) | Value | |
| India (continued) | |||
| Export-Import Bank of India: (continued) | |||
| 5.50%, 1/18/33(1) | 230 | $ 238,399 | |
| $ 766,163 | |||
| Iraq — 0.0%† | |||
| Iraq International Bonds, 5.80%, 1/15/28(14) | 94 | $ 92,942 | |
| $ 92,942 | |||
| Ivory Coast — 0.1% | |||
| Ivory Coast Government International Bonds: | |||
| 6.625%, 3/22/48(14) | EUR | 662 | $ 609,484 |
| 8.075%, 4/1/36(14) | 332 | 320,875 | |
| $ 930,359 | |||
| Jamaica — 0.0%† | |||
| Jamaica Government International Bonds, 8.00%, 3/15/39 | 400 | $ 471,676 | |
| $ 471,676 | |||
| Jordan — 0.0%† | |||
| Jordan Government International Bonds, 5.85%, 7/7/30(14) | 468 | $ 451,352 | |
| $ 451,352 | |||
| Kazakhstan — 0.0%† | |||
| Kazakhstan Government International Bonds, 4.714%, 4/9/35(14) | 500 | $ 487,285 | |
| $ 487,285 | |||
| Kenya — 0.0%† | |||
| Republic of Kenya Government International Bonds, 8.25%, 2/28/48(14) | 200 | $ 162,747 | |
| $ 162,747 | |||
| Kuwait — 0.0%† | |||
| Kuwait International Government Bonds, 3.50%, 3/20/27(14) | 247 | $ 243,676 | |
| $ 243,676 | |||
| Lebanon — 0.1% | |||
| Lebanon Government International Bonds: | |||
| 5.80%, 4/14/20(14)(18) | 473 | $ 88,948 | |
| 6.00%, 1/27/23(14)(18) | 190 | 35,732 | |
| 6.10%, 10/4/22(14)(18) | 466 | 87,536 | |
| 6.15%, 6/19/49(14)(18) | 19 | 3,583 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Lebanon (continued) | |||
| Lebanon Government International Bonds: (continued) | |||
| 6.20%, 2/26/25(14)(18) | 49 | $ 9,286 | |
| 6.25%, 5/27/22(14)(18) | 68 | 12,745 | |
| 6.25%, 11/4/24(14)(18) | 32 | 6,044 | |
| 6.25%, 6/12/25(14)(18) | 44 | 8,248 | |
| 6.375%, 3/9/20(14)(18) | 858 | 161,347 | |
| 6.40%, 5/26/23(14)(18) | 879 | 166,104 | |
| 6.60%, 11/27/26(14)(18) | 10 | 1,881 | |
| 6.65%, 4/22/24(14)(18) | 177 | 33,298 | |
| 6.65%, 11/3/28(14)(18) | 29 | 5,446 | |
| 6.85%, 3/23/27(14)(18) | 24 | 4,524 | |
| 6.85%, 5/25/29(14)(18) | 375 | 71,684 | |
| 7.00%, 3/20/28(14)(18) | 84 | 15,960 | |
| 7.00%, 4/22/31(14)(18) | 196 | 36,824 | |
| 7.00%, 3/23/32(14)(18) | 14 | 2,660 | |
| 7.25%, 3/23/37(14)(18) | 60 | 11,273 | |
| $ 763,123 | |||
| Mexico — 0.1% | |||
| Mexico Government International Bonds: | |||
| 4.875%, 5/19/33 | 1,100 | $ 1,040,270 | |
| 5.00%, 4/27/51 | 700 | 544,600 | |
| $ 1,584,870 | |||
| Montenegro — 0.1% | |||
| Montenegro Government International Bonds: | |||
| 4.875%, 4/1/32(14) | EUR | 829 | $ 968,470 |
| 7.25%, 3/12/31(14) | 300 | 311,284 | |
| $ 1,279,754 | |||
| Morocco — 0.0%† | |||
| Morocco Government International Bonds, 3.00%, 12/15/32(14) | 365 | $ 309,438 | |
| $ 309,438 | |||
| Nigeria — 0.1% | |||
| Nigeria Government International Bonds: | |||
| 7.696%, 2/23/38(14) | 300 | $ 260,428 | |
| 8.747%, 1/21/31(14) | 200 | 201,479 | |
| 10.375%, 12/9/34(14) | 920 | 969,935 | |
| $ 1,431,842 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Oman — 0.2% | |||
| Oman Government International Bonds: | |||
| 5.375%, 3/8/27(14) | 200 | $ 202,163 | |
| 6.00%, 8/1/29(14) | 400 | 419,935 | |
| 6.25%, 1/25/31(14) | 483 | 513,611 | |
| 6.75%, 1/17/48(14) | 230 | 237,974 | |
| 7.375%, 10/28/32(14) | 650 | 738,083 | |
| $ 2,111,766 | |||
| Pakistan — 0.0%† | |||
| Pakistan Government International Bonds: | |||
| 6.875%, 12/5/27(14) | 200 | $ 189,299 | |
| 7.375%, 4/8/31(14) | 200 | 178,172 | |
| $ 367,471 | |||
| Paraguay — 0.1% | |||
| Paraguay Government International Bonds, 4.95%, 4/28/31(14) | 577 | $ 574,461 | |
| $ 574,461 | |||
| Peru — 0.1% | |||
| Peru Government International Bonds: | |||
| 3.00%, 1/15/34 | 800 | $ 675,880 | |
| 3.30%, 3/11/41 | 700 | 521,150 | |
| 5.875%, 8/8/54 | 200 | 193,376 | |
| $ 1,390,406 | |||
| Philippines — 0.1% | |||
| Philippines Government International Bonds: | |||
| 4.75%, 3/5/35 | 600 | $ 588,409 | |
| 5.00%, 7/17/33 | 400 | 404,139 | |
| 5.50%, 1/17/48 | 500 | 486,833 | |
| $ 1,479,381 | |||
| Romania — 0.3% | |||
| Romania Government International Bonds: | |||
| 1.75%, 7/13/30(14) | EUR | 57 | $ 57,775 |
| 2.00%, 4/14/33(14) | EUR | 47 | 42,491 |
| 2.625%, 12/2/40(14) | EUR | 57 | 41,916 |
| 2.75%, 4/14/41(14) | EUR | 45 | 33,146 |
| 2.875%, 4/13/42(14) | EUR | 50 | 36,738 |
| 3.375%, 1/28/50(14) | EUR | 28 | 19,945 |
| 3.875%, 10/29/35(14) | EUR | 51 | 50,148 |
| 4.625%, 4/3/49(14) | EUR | 257 | 226,887 |
| 5.125%, 6/15/48(14) | 28 | 21,536 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Romania (continued) | |||
| Romania Government International Bonds: (continued) | |||
| 5.625%, 2/22/36(14) | EUR | 85 | $ 95,619 |
| 5.75%, 3/24/35(14) | 1,346 | 1,246,449 | |
| 5.875%, 7/11/32(14) | EUR | 57 | 67,832 |
| 6.00%, 5/25/34(14) | 28 | 26,922 | |
| 6.00%, 9/24/44(14) | EUR | 77 | 83,557 |
| 6.25%, 9/10/34(14) | EUR | 58 | 69,089 |
| 6.75%, 7/11/39(14) | EUR | 227 | 269,107 |
| 7.50%, 2/10/37(14) | 648 | 674,179 | |
| 7.625%, 1/17/53(14) | 56 | 56,699 | |
| $ 3,120,035 | |||
| Serbia — 0.0%† | |||
| Serbia International Bonds, 2.125%, 12/1/30(14) | 450 | $ 380,737 | |
| $ 380,737 | |||
| Sri Lanka — 0.2% | |||
| Sri Lanka Government International Bonds: | |||
| 3.10% to 7/15/27, 1/15/30(1)(3) | 359 | $ 320,707 | |
| 3.35% to 9/15/27, 3/15/33(1)(3) | 470 | 380,528 | |
| 3.60% to 12/15/27, 6/15/35(1)(3) | 375 | 258,334 | |
| 3.60% to 11/15/27, 5/15/36(1)(3) | 330 | 269,222 | |
| 3.60% to 8/15/27, 2/15/38(1)(3) | 400 | 325,726 | |
| 4.00%, 4/15/28(1) | 338 | 318,097 | |
| $ 1,872,614 | |||
| Suriname — 0.2% | |||
| Suriname Government International Bonds: | |||
| 0.00%, Oil-Linked, 12/31/50(1) | 894 | $ 1,007,538 | |
| 7.95%, (4.95% cash and 3.00% PIK), 7/15/33(1) | 1,302 | 1,291,475 | |
| $ 2,299,013 | |||
| Trinidad and Tobago — 0.0%† | |||
| Trinidad & Tobago Government International Bonds, 5.95%, 1/14/31(14) | 300 | $ 300,804 | |
| $ 300,804 | |||
| Tunisia — 0.0%† | |||
| Tunisian Republic, 6.375%, 7/15/26(14) | EUR | 356 | $ 415,291 |
| $ 415,291 | |||
| Security | Principal Amount* (000's omitted) | Value | |
| Ukraine — 0.2% | |||
| Ukraine Government International Bonds: | |||
| 0.00%, GDP-Linked, 8/1/41(14)(23) | 2,346 | $ 1,680,933 | |
| 0.00% to 2/1/27, 2/1/30(3)(14) | 17 | 8,049 | |
| 0.00% to 2/1/27, 2/1/34(3)(14) | 250 | 95,624 | |
| 0.00% to 2/1/27, 2/1/35(3)(14) | 400 | 186,534 | |
| 0.00% to 2/1/27, 2/1/36(3)(14) | 300 | 142,272 | |
| 1.75% to 8/1/25, 2/1/29(3)(14) | 157 | 96,382 | |
| 1.75% to 8/1/25, 2/1/34(3)(14) | 300 | 154,345 | |
| 1.75% to 8/1/25, 2/1/35(3)(14) | 283 | 143,219 | |
| 1.75% to 8/1/25, 2/1/36(3)(14) | 250 | 121,984 | |
| $ 2,629,342 | |||
| United Arab Emirates — 0.2% | |||
| Abu Dhabi Government International Bonds: | |||
| 3.125%, 4/16/30(14) | 600 | $ 575,107 | |
| 3.875%, 4/16/50(14) | 600 | 467,922 | |
| 5.00%, 4/30/34(14) | 700 | 729,830 | |
| $ 1,772,859 | |||
| Uruguay — 0.1% | |||
| Uruguay Government International Bonds: | |||
| 5.10%, 6/18/50 | 400 | $ 370,388 | |
| 5.442%, 2/14/37 | 700 | 716,919 | |
| $ 1,087,307 | |||
| Uzbekistan — 0.1% | |||
| National Bank of Uzbekistan, 8.50%, 7/5/29(14) | 490 | $ 515,895 | |
| Republic of Uzbekistan International Bonds, 5.375%, 2/20/29(14) | 300 | 295,301 | |
| $ 811,196 | |||
| Venezuela — 0.1% | |||
| Venezuela Government International Bonds: | |||
| 6.00%, 12/9/20(14)(18) | 412 | $ 57,721 | |
| 7.00%, 12/1/18(14)(18) | 137 | 19,409 | |
| 7.00%, 3/31/38(14)(18) | 174 | 30,728 | |
| 7.65%, 4/21/25(14)(18) | 493 | 80,162 | |
| 7.75%, 10/13/19(14)(18) | 558 | 83,122 | |
| 8.25%, 10/13/24(14)(18) | 610 | 100,433 | |
| 9.00%, 5/7/23(14)(18) | 318 | 51,186 | |
| 9.25%, 9/15/27(18) | 400 | 81,500 | |
| 9.25%, 5/7/28(14)(18) | 300 | 53,189 | |
| 9.375%, 1/13/34(18) | 81 | 18,430 | |
| 11.75%, 10/21/26(14)(18) | 206 | 41,532 | |
| Security | Principal Amount* (000's omitted) | Value | |
| Venezuela (continued) | |||
| Venezuela Government International Bonds: (continued) | |||
| 11.95%, 8/5/31(14)(18) | 234 | $ 43,440 | |
| 12.75%, 8/23/22(14)(18) | 459 | 83,342 | |
| 13.625%, 8/15/18(18) | 41 | 7,794 | |
| $ 751,988 | |||
| Zambia — 0.0%† | |||
| Zambia Government International Bonds: | |||
| 0.50%, 12/31/53(14) | 167 | $ 115,048 | |
| 5.75% to 6/30/31, 6/30/33(3)(14) | 100 | 92,434 | |
| $ 207,482 | |||
| Total Sovereign Government Bonds (identified cost $52,739,140) | $ 54,853,896 | ||
| Sovereign Loans — 0.3% |
| Borrower/Description | Principal Amount* (000's omitted) | Value | |
| Argentina — 0.0%† | |||
| Provincia De Neuquen, Term Loan, 11.741%, (1 mo. USD Term SOFR + 7.30%), 5/28/27 | 145 | $ 146,806 | |
| $ 146,806 | |||
| Bahamas — 0.1% | |||
| Commonwealth of the Bahamas, Term Loan, 8.887%, (6 mo. EURIBOR + 6.85%), 11/24/28(2) | EUR | 578 | $ 681,423 |
| $ 681,423 | |||
| Tanzania — 0.2% | |||
| Government of the United Republic of Tanzania, Term Loan, 10.862%, (6 mo. USD Term SOFR + 6.30%), 4/28/31(2) | 2,336 | $ 2,337,875 | |
| $ 2,337,875 | |||
| Total Sovereign Loans (identified cost $3,114,552) | $ 3,166,104 | ||
| U.S. Government Agency Mortgage-Backed Securities — 17.4% |
| Security | Principal Amount (000's omitted) | Value | |
| Federal Home Loan Mortgage Corp.: | |||
| 5.00%, 8/1/52 | $ | 36,453 | $ 35,982,850 |
| 5.50%, 5/1/32 | 175 | 179,370 | |
| 6.50%, 6/17/28 | 4 | 3,601 | |
| 7.00%, 10/17/27 | 3 | 2,606 | |
| 7.50%, with various maturities to 2035 | 243 | 255,840 | |
| 8.00%, with various maturities to 2030 | 4 | 3,410 | |
| 9.00%, with various maturities to 2031 | 6 | 6,808 | |
| Federal National Mortgage Association: | |||
| 4.50%, 7/1/42 | 2,200 | 2,175,595 | |
| 4.503%, (COF + 1.319%), 10/1/36(24) | 264 | 257,438 | |
| 5.00%, with various maturities to 2040 | 2,214 | 2,238,628 | |
| 5.50%, with various maturities to 2033 | 212 | 218,792 | |
| 6.00%, 5/1/29 | 41 | 41,889 | |
| 6.155%, (6 mo. RFUCCT + 1.542%), 9/1/37(24) | 361 | 369,055 | |
| 6.353%, (COF + 2.004%), 7/1/32(24) | 276 | 280,834 | |
| 6.50%, with various maturities to 2031 | 8 | 8,041 | |
| 6.677%, (1 yr. CMT + 2.289), 8/1/36(24) | 1,558 | 1,591,791 | |
| 7.00%, with various maturities to 2029 | 81 | 83,111 | |
| 7.50%, with various maturities to 2035 | 384 | 407,933 | |
| 8.00%, with various maturities to 2027 | 3 | 2,737 | |
| 8.003%, 9/15/27 | 3 | 2,696 | |
| 8.272%, 9/20/28 | 1 | 1,252 | |
| 8.468%, 10/15/29 | 0(25) | 246 | |
| 8.50%, 12/1/37 | 61 | 63,781 | |
| 9.00%, 2/1/32 | 30 | 30,866 | |
| Government National Mortgage Association: | |||
| 4.00%, 9/20/49 | 211 | 197,115 | |
| 4.50%, with various maturities to 2052 | 2,234 | 2,153,845 | |
| 5.00%, 6/20/52 | 12,770 | 12,631,634 | |
| 5.50%, 30-Year, TBA(26) | 10,950 | 10,962,589 | |
| 5.50%, with various maturities to 2054 | 18,240 | 18,389,885 | |
| 6.00%, 30-Year, TBA(26) | 5,300 | 5,375,041 | |
| 6.00%, with various maturities to 2054 | 13,900 | 14,286,758 | |
| 6.50%, with various maturities to 2054 | 5,791 | 6,063,541 | |
| 7.00%, with various maturities to 2054 | 156 | 158,962 | |
| 7.50%, with various maturities to 2054 | 686 | 704,711 | |
| 8.00%, with various maturities to 2054 | 856 | 879,735 | |
| Uniform Mortgage-Backed Security: | |||
| 5.00%, 30-Year, TBA(26) | 9,737 | 9,543,018 | |
| 5.50%, 30-Year, TBA(26) | 25,350 | 25,344,047 | |
| Security | Principal Amount (000's omitted) | Value | |
| Uniform Mortgage-Backed Security: (continued) | |||
| 6.00%, 30-Year, TBA(26) | $ | 60,700 | $ 61,688,764 |
| Total U.S. Government Agency Mortgage-Backed Securities (identified cost $209,312,683) | $ 212,588,815 | ||
| Warrants — 0.0% |
| Security | Shares | Value | |
| Consumer Staples Distribution & Retail — 0.0% | |||
| Casino Guichard Perrachon SA, Exp. 4/27/29(11) | 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)(11) | $ | 1,391,000 | $ 0 |
| $ 0 | |||
| Engineering & Construction — 0.0% | |||
| Abengoa Abenewco 2 SA, Escrow Certificates(10)(11) | $ | 377,752 | $ 0 |
| Abengoa Abenewco 2 SA, Escrow Certificates(10)(11) | 377,752 | 0 | |
| $ 0 | |||
| Entertainment — 0.0% | |||
| National CineMedia, Inc., Escrow Certificates(10)(11) | $ | 1,186,000 | $ 0 |
| $ 0 | |||
| Pharmaceuticals — 0.0% | |||
| Endo Design LLC, Escrow Certificates(10)(11) | $ | 649,000 | $ 0 |
| Endo Luxembourg Finance SARL, Escrow Certificates(10)(11) | 1,550,000 | 0 | |
| $ 0 | |||
| Security | Principal Amount/ Shares | Value | |
| Surface Transport — 0.0%† | |||
| Hertz Corp., Escrow Certificates(11) | $ | 364,000 | $ 85,540 |
| $ 85,540 | |||
| Total Miscellaneous (identified cost $0) | $ 85,540 | ||
| Short-Term Investments — 1.2% |
| Affiliated Fund — 1.0% |
| Security | Shares | Value | |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.23%(27) | 11,641,330 | $ 11,641,330 | |
| Total Affiliated Fund (identified cost $11,641,330) | $ 11,641,330 | ||
| U.S. Treasury Obligations — 0.2% |
| Security | Principal Amount (000's omitted) | Value | |
| U.S. Treasury Bills: | |||
| 0.00%, 7/15/25(28) | $ | 2,262 | $ 2,258,352 |
| 0.00%, 7/17/25(28) | 169 | 168,689 | |
| 0.00%, 7/31/25(28) | 164 | 163,433 | |
| 0.00%, 8/14/25(28) | 167 | 166,123 | |
| Total U.S. Treasury Obligations (identified cost $2,756,564) | $ 2,756,597 | ||
| Total Short-Term Investments (identified cost $14,397,894) | $ 14,397,927 | ||
| Total Investments — 175.3% (identified cost $2,174,930,575) | $ 2,147,623,766 | ||
| Less Unfunded Loan Commitments — (0.2)% | $ (2,764,848) | ||
| Net Investments — 175.1% (identified cost $2,172,165,727) | $ 2,144,858,918 | ||
| Other Assets, Less Liabilities — (92.7)% | $(1,135,747,725) | ||
| Auction Preferred Shares Plus Cumulative Unpaid Dividends — 17.6% | $ 216,191,054 | ||
| Net Assets Applicable to Common Shares — 100.0% | $ 1,225,302,247 | ||
| 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, 2025, the aggregate value of these securities is $782,158,422 or 63.8% 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, 2025. |
| (3) | Step coupon security. Interest rate represents the rate in effect at June 30, 2025. |
| (4) | Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at June 30, 2025. |
| (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, 2025. |
| (6) | 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. |
| (7) | Principal only security that entitles the holder to receive only principal payments on the underlying mortgages. |
| (8) | When-issued, variable rate security whose interest rate will be determined after June 30, 2025. |
| (9) | Represents an investment in an issuer that may be deemed to be an affiliate. |
| (10) | Security is valued using significant unobservable inputs and is categorized as Level 3 in the fair value hierarchy. |
| (11) | Non-income producing security. |
| (12) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
| (13) | Restricted security. |
| (14) | 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, 2025, the aggregate value of these securities is $81,516,512 or 6.7% of the Fund's net assets applicable to common shares. |
| (15) | Security converts to variable rate after the indicated fixed-rate coupon period. |
| (16) | Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion. |
| (17) | Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
| (18) | 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. |
| (19) | 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. |
| (20) | Unfunded or partially unfunded loan commitments. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At June 30, 2025 the total value of unfunded loan commitments is $2,678,548. |
| (21) | This Senior Loan will settle after June 30, 2025, at which time the interest rate will be determined. |
| (22) | Fixed-rate loan. |
| (23) | Amounts payable in respect of the security are contingent upon and determined by reference to Ukraine’s GDP and Real GDP Growth Rate. Principal amount represents the notional amount used to calculate payments due to the security holder and does not represent an entitlement for payment. |
| (24) | 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, 2025. |
| (25) | Principal amount is less than $500. |
| (26) | 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. |
| (27) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of June 30, 2025. |
| (28) | Security (or a portion thereof) has been pledged to cover margin requirements on open derivative contracts. |
| Forward Foreign Currency Exchange Contracts (Centrally Cleared) | |||||
| Currency Purchased | Currency Sold | Settlement Date | Value/Unrealized Appreciation (Depreciation) | ||
| EUR | 38,406 | USD | 44,758 | 9/17/25 | $ 712 |
| USD | 198,807 | EUR | 170,591 | 9/17/25 | (3,163) |
| USD | 591,560 | EUR | 507,603 | 9/17/25 | (9,412) |
| USD | 640,898 | EUR | 549,938 | 9/17/25 | (10,197) |
| USD | 649,580 | EUR | 557,387 | 9/17/25 | (10,335) |
| USD | 769,164 | EUR | 660,000 | 9/17/25 | (12,237) |
| USD | 772,972 | EUR | 663,268 | 9/17/25 | (12,298) |
| USD | 782,825 | EUR | 671,722 | 9/17/25 | (12,455) |
| USD | 944,665 | EUR | 810,593 | 9/17/25 | (15,030) |
| USD | 1,408,397 | EUR | 1,208,509 | 9/17/25 | (22,408) |
| $(106,823) | |||||
| Forward Foreign Currency Exchange Contracts (OTC) | |||||||
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
| USD | 47,952,338 | EUR | 42,161,465 | Standard Chartered Bank | 7/2/25 | $ — | $(1,711,787) |
| GBP | 310,000 | USD | 425,193 | HSBC Bank USA, N.A. | 7/3/25 | 330 | — |
| EUR | 104,661 | USD | 121,823 | HSBC Bank USA, N.A. | 7/11/25 | 1,535 | — |
| USD | 364,111 | EUR | 318,170 | HSBC Bank USA, N.A. | 7/11/25 | — | (10,899) |
| EUR | 389,601 | USD | 439,616 | Bank of America, N.A. | 7/31/25 | 20,194 | — |
| EUR | 365,465 | USD | 418,109 | Bank of America, N.A. | 7/31/25 | 13,217 | — |
| EUR | 134,076 | USD | 152,029 | Goldman Sachs International | 7/31/25 | 6,208 | — |
| EUR | 611,891 | USD | 701,528 | State Street Bank and Trust Company | 7/31/25 | 20,632 | — |
| EUR | 251,805 | USD | 282,559 | State Street Bank and Trust Company | 7/31/25 | 14,623 | — |
| EUR | 133,576 | USD | 149,941 | State Street Bank and Trust Company | 7/31/25 | 7,707 | — |
| EUR | 145,612 | USD | 166,494 | State Street Bank and Trust Company | 7/31/25 | 5,359 | — |
| EUR | 142,083 | USD | 164,794 | State Street Bank and Trust Company | 7/31/25 | 2,893 | — |
| EUR | 42,049 | USD | 47,619 | State Street Bank and Trust Company | 7/31/25 | 2,008 | — |
| EUR | 106,272 | USD | 119,879 | The Toronto-Dominion Bank | 7/31/25 | 5,543 | — |
| GBP | 101,484 | USD | 139,381 | Bank of America, N.A. | 7/31/25 | — | (62) |
| USD | 87,448 | EUR | 76,300 | Bank of America, N.A. | 7/31/25 | — | (2,602) |
| USD | 116,887 | EUR | 102,250 | Bank of America, N.A. | 7/31/25 | — | (3,790) |
| USD | 280,085 | EUR | 244,313 | Bank of America, N.A. | 7/31/25 | — | (8,255) |
| USD | 293,000 | EUR | 255,728 | Bank of America, N.A. | 7/31/25 | — | (8,812) |
| USD | 1,225,623 | EUR | 1,069,377 | Bank of America, N.A. | 7/31/25 | — | (36,465) |
| USD | 12,095,437 | EUR | 10,556,788 | Bank of America, N.A. | 7/31/25 | — | (363,771) |
| USD | 311,361 | EUR | 271,526 | Deutsche Bank AG | 7/31/25 | — | (9,096) |
| USD | 224,720 | EUR | 197,434 | Goldman Sachs International | 7/31/25 | — | (8,293) |
| USD | 34,198 | EUR | 30,002 | State Street Bank and Trust Company | 7/31/25 | — | (1,210) |
| USD | 88,976 | EUR | 78,220 | State Street Bank and Trust Company | 7/31/25 | — | (3,341) |
| USD | 121,315 | EUR | 106,625 | State Street Bank and Trust Company | 7/31/25 | — | (4,525) |
| Forward Foreign Currency Exchange Contracts (OTC) (continued) | |||||||
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
| USD | 293,001 | EUR | 255,727 | State Street Bank and Trust Company | 7/31/25 | $ — | $ (8,810) |
| USD | 328,649 | EUR | 286,912 | State Street Bank and Trust Company | 7/31/25 | — | (9,967) |
| USD | 12,095,522 | EUR | 10,556,788 | State Street Bank and Trust Company | 7/31/25 | — | (363,685) |
| USD | 13,567,062 | EUR | 11,844,106 | State Street Bank and Trust Company | 7/31/25 | — | (411,449) |
| USD | 84,427 | EUR | 74,379 | The Royal Bank of Scotland PLC | 7/31/25 | — | (3,356) |
| USD | 83,691 | GBP | 62,988 | Bank of America, N.A. | 7/31/25 | — | (2,780) |
| USD | 78,874 | GBP | 58,365 | Citibank, N.A. | 7/31/25 | — | (1,251) |
| USD | 7,322,844 | GBP | 5,459,136 | Citibank, N.A. | 7/31/25 | — | (171,597) |
| USD | 425,243 | GBP | 310,000 | HSBC Bank USA, N.A. | 7/31/25 | — | (333) |
| USD | 47,500 | GBP | 35,020 | State Street Bank and Trust Company | 7/31/25 | — | (577) |
| USD | 81,099 | GBP | 60,493 | State Street Bank and Trust Company | 7/31/25 | — | (1,947) |
| USD | 250,407 | GBP | 183,870 | State Street Bank and Trust Company | 7/31/25 | — | (2,014) |
| USD | 169,463 | GBP | 127,782 | State Street Bank and Trust Company | 7/31/25 | — | (5,960) |
| USD | 122,787 | GBP | 90,594 | The Toronto-Dominion Bank | 7/31/25 | — | (1,583) |
| USD | 49,598,469 | EUR | 42,161,465 | Standard Chartered Bank | 8/4/25 | — | (174,011) |
| EUR | 5,871,522 | USD | 6,797,288 | Standard Chartered Bank | 8/29/25 | 145,647 | — |
| EUR | 5,477,476 | USD | 6,353,340 | The Royal Bank of Scotland PLC | 8/29/25 | 123,644 | — |
| GBP | 150,000 | USD | 206,366 | Citibank, N.A. | 8/29/25 | — | (397) |
| USD | 3,296,389 | EUR | 2,891,835 | Standard Chartered Bank | 8/29/25 | — | (123,136) |
| USD | 5,749,502 | EUR | 5,061,084 | State Street Bank and Trust Company | 8/29/25 | — | (235,109) |
| USD | 14,312,652 | EUR | 12,596,477 | State Street Bank and Trust Company | 8/29/25 | — | (582,381) |
| USD | 16,829,002 | EUR | 14,808,864 | State Street Bank and Trust Company | 8/29/25 | — | (682,127) |
| USD | 13,579,579 | EUR | 11,750,019 | The Royal Bank of Scotland PLC | 8/29/25 | — | (314,538) |
| USD | 2,810,185 | GBP | 2,085,974 | Standard Chartered Bank | 8/29/25 | — | (54,130) |
| USD | 43,406,030 | EUR | 36,881,758 | State Street Bank and Trust Company | 9/30/25 | — | (296,735) |
| $369,540 | $(5,620,781) | ||||||
| Futures Contracts | |||||
| Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
| Interest Rate Futures | |||||
| U.S. 5-Year Treasury Note | 1,796 | Long | 9/30/25 | $ 195,764,000 | $ 1,752,524 |
| U.S. Ultra 10-Year Treasury Note | 15 | Long | 9/19/25 | 1,713,984 | 48,633 |
| Euro-Bobl | (16) | Short | 9/8/25 | (2,217,940) | 7,727 |
| Euro-Bund | (13) | Short | 9/8/25 | (1,993,034) | 8,346 |
| Euro-Buxl | (4) | Short | 9/8/25 | (559,479) | 10,177 |
| Euro-Schatz | (2) | Short | 9/8/25 | (252,670) | 389 |
| U.S. 2-Year Treasury Note | (816) | Short | 9/30/25 | (169,747,125) | (593,000) |
| U.S. 5-Year Treasury Note | (68) | Short | 9/30/25 | (7,412,000) | (95,117) |
| U.S. 10-Year Treasury Note | (90) | Short | 9/19/25 | (10,091,250) | (214,994) |
| U.S. Long Treasury Bond | (434) | Short | 9/19/25 | (50,113,438) | (1,311,424) |
| Futures Contracts (continued) | |||||
| Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
| Interest Rate Futures (continued) | |||||
| U.S. Ultra-Long Treasury Bond | (160) | Short | 9/19/25 | $ (19,060,000) | $ (608,493) |
| $(995,232) | |||||
| Credit Default Swaps - Sell Protection (Centrally Cleared) | |||||||
| Reference Entity | Notional Amount* (000's omitted) | Contract Annual Fixed Rate** | Current Market Annual Fixed Rate*** | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) |
| Egypt | $158 | 1.00% (pays quarterly)(1) | 4.49% | 12/20/28 | $(16,615) | $33,360 | $16,745 |
| Egypt | 137 | 1.00% (pays quarterly)(1) | 4.97 | 6/20/30 | (21,832) | 34,140 | 12,308 |
| Total | $295 | $(38,447) | $67,500 | $29,053 | |||
| Credit Default Swaps - Buy Protection (Centrally Cleared) | |||||||
| Reference Entity | Notional Amount (000's omitted) | Contract Annual Fixed Rate** | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) | |
| Markit CDX Emerging Markets Index (CDX.EM.43.V1) | $50 | 1.00% (pays quarterly)(1) | 6/20/30 | $1,231 | $(1,737) | $(506) | |
| Total | $1,231 | $(1,737) | $(506) | ||||
| Credit Default Swaps - Sell Protection (OTC) | ||||||||
| Reference Entity | Counterparty | Notional Amount* (000's omitted) | Contract Annual Fixed Rate** | Current Market Annual Fixed Rate*** | Termination Date | Value | Unamortized Upfront Receipts (Payments) | Unrealized Appreciation (Depreciation) |
| Ivory Coast | Deutsche Bank AG | $ 271 | 1.00% (pays quarterly)(1) | 2.65% | 6/20/27 | $ (8,256) | $13,853 | $ 5,597 |
| Ivory Coast | Deutsche Bank AG | 312 | 1.00% (pays quarterly)(1) | 2.65 | 6/20/27 | (9,507) | 15,971 | 6,464 |
| Mexico | Citibank, N.A. | 2,041 | 1.00% (pays quarterly)(1) | 1.37 | 12/20/31 | (41,709) | 59,029 | 17,320 |
| Petroleos Mexicanos | Goldman Sachs International | 173 | 1.00% (pays quarterly)(1) | 3.20 | 6/20/26 | (3,538) | 6,436 | 2,898 |
| U.S. Single Family Rental | Goldman Sachs International | 2,995 | 7.85% (pays annually)(1) | 7.96 | 3/18/28 | 27,758 | 4,538 | 32,296 |
| Total | $5,792 | $(35,252) | $99,827 | $64,575 | ||||
| * | 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, 2025, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $6,087,000. |
| ** | 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. |
| *** | 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. |
| (1) | Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon. |
| Abbreviations: | |
| CMT | – Constant Maturity Treasury |
| COF | – Cost of Funds 11th District |
| EURIBOR | – Euro Interbank Offered Rate |
| GDP | – Gross Domestic Product |
| OTC | – Over-the-counter |
| PCL | – Public Company Limited |
| 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 |
| Description | Date(s) of Acquisition | Shares | Cost | Value |
| Common Stocks | ||||
| Enviva LLC | 12/6/24 | 44,272 | $312,560 | $868,838 |
| Total Restricted Securities | $312,560 | $868,838 |
| Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Interest/ Dividend income | Principal amount ($)/ Shares, end of period |
| Commercial Mortgage-Backed Securities | ||||||||
| Morgan Stanley Bank of America Merrill Lynch Trust: | ||||||||
| Series 2014-C16, Class B, 4.225%, 6/15/47 | $ 38,658 | $ — | $ (38,892) | $3,169 | $(2,941) | $ — | $ 13 | $ — |
| Series 2015-C23, Class D, 4.311%, 7/15/50 | 2,572,543 | — | — | — | (36,124) | 2,539,978 | 32,182 | $2,670,000 |
| Series 2016-C29, Class D, 3.00%, 5/15/49 | 2,922,877 | — | — | — | (214,286) | 2,713,795 | 32,035 | $3,577,365 |
| Series 2016-C32, Class D, 3.396%, 12/15/49 | 1,221,020 | — | — | — | 48,338 | 1,273,036 | 17,262 | $1,600,000 |
| Morgan Stanley Capital I Trust, Series 2016-UBS12, Class D, 3.312%, 12/15/49 | 2,565,511 | — | — | — | 152,331 | 2,726,433 | 29,113 | $4,488,667 |
| Short-Term Investments | ||||||||
| Liquidity Fund, Institutional Class(1) | 24,737,696 | 127,250,406 | (140,346,772) | — | — | 11,641,330 | 218,364 | 11,641,330 |
| Total | $3,169 | $(52,682) | $20,894,572 | $328,969 | ||||
| (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 | $ — | $ 143,811,562 | $ — | $ 143,811,562 |
| Closed-End Funds | 21,338,645 | — | — | 21,338,645 |
| Collateralized Mortgage Obligations | — | 417,858,029 | — | 417,858,029 |
| Commercial Mortgage-Backed Securities | — | 82,748,995 | — | 82,748,995 |
| Common Stocks | 114,233 | 9,466,767 | 1,718,348 | 11,299,348 |
| Convertible Bonds | — | 1,177,113 | — | 1,177,113 |
| Corporate Bonds | — | 617,528,237 | 0 | 617,528,237 |
| Preferred Stocks | — | 388,976 | — | 388,976 |
| Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | — | 562,603,049 | 1,012,682 | 563,615,731 |
| Sovereign Government Bonds | — | 54,853,896 | — | 54,853,896 |
| Sovereign Loans | — | 3,166,104 | — | 3,166,104 |
| U.S. Government Agency Mortgage-Backed Securities | — | 212,588,815 | — | 212,588,815 |
| Warrants | — | 0 | — | 0 |
| Miscellaneous | — | 85,540 | 0 | 85,540 |
| Short-Term Investments: | ||||
| Affiliated Fund | 11,641,330 | — | — | 11,641,330 |
| U.S. Treasury Obligations | — | 2,756,597 | — | 2,756,597 |
| Total Investments | $33,094,208 | $2,109,033,680 | $2,731,030 | $2,144,858,918 |
| Forward Foreign Currency Exchange Contracts | $ — | $ 370,252 | $ — | $ 370,252 |
| Futures Contracts | 1,827,796 | — | — | 1,827,796 |
| Swap Contracts | — | 28,989 | — | 28,989 |
| Total | $34,922,004 | $2,109,432,921 | $2,731,030 | $2,147,085,955 |
| Liability Description | ||||
| Forward Foreign Currency Exchange Contracts | $ — | $ (5,728,316) | $ — | $ (5,728,316) |
| Futures Contracts | (2,823,028) | — | — | (2,823,028) |
| Swap Contracts | — | (101,457) | — | (101,457) |
| Total | $(2,823,028) | $ (5,829,773) | $ — | $ (8,652,801) |
| * | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |