|
2026 Quarterly Report
(Unaudited)
|
|
BlackRock Credit Allocation Income Trust (BTZ)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities
|
|||
|
1988 CLO Ltd., Series 2023-2A, Class A1R, (3-mo.
CME Term SOFR + 1.20%), 4.87%, 04/15/38(a)(b)
|
USD
|
2,000
|
$ 1,997,000
|
|
720 East CLO IV Ltd., Series 2024-1A, Class A1, (3-mo.
CME Term SOFR + 1.60%), 5.27%, 04/15/37(a)(b)
|
|
2,000
|
2,000,481
|
|
AB BSL CLO Ltd., Series 2021-3A, Class A1R, (3-mo.
CME Term SOFR + 1.25%), 4.92%, 04/20/38(a)(b)
|
|
1,500
|
1,499,669
|
|
AGL CLO Ltd.(a)(b)
|
|
|
|
|
Series 2022-20A, Class A1R, (3-mo. CME Term
SOFR + 1.37%), 5.04%, 10/20/37
|
|
1,000
|
1,000,435
|
|
Series 2024-34A, Class A1, (3-mo. CME Term SOFR
+ 1.34%), 5.01%, 01/22/38
|
|
1,000
|
1,000,506
|
|
Anchorage Capital CLO Ltd., Series 2025-32A, Class D,
(3-mo. CME Term SOFR + 3.95%), 7.62%,
07/15/37(a)(b)
|
|
1,000
|
999,936
|
|
Apidos CLO XXXVII, Series 2021-37A, Class A, (3-mo.
CME Term SOFR + 1.39%), 5.06%, 10/22/34(a)(b)
|
|
3,000
|
3,000,401
|
|
ARES Loan Funding V Ltd., Series 2024-ALF5A,
Class A1, (3-mo. CME Term SOFR + 1.50%), 5.17%,
07/27/37(a)(b)
|
|
1,000
|
1,000,590
|
|
ARES XXXIX CLO Ltd., Series 2016-39A, Class AR3,
(3-mo. CME Term SOFR + 1.42%), 5.09%,
07/18/37(a)(b)
|
|
1,000
|
1,000,706
|
|
Ballyrock CLO Ltd., Series 2024-22A, Class A2, (3-mo.
CME Term SOFR + 1.95%), 5.62%, 04/15/37(a)(b)
|
|
1,000
|
1,000,251
|
|
Benefit Street Partners CLO XVI Ltd., Series 2018-16A,
Class A1R2, (3-mo. CME Term SOFR + 1.32%),
4.99%, 01/17/38(a)(b)
|
|
1,000
|
1,000,365
|
|
Benefit Street Partners CLO XXIX Ltd., Series 2022-
29A, Class AR, (3-mo. CME Term SOFR + 1.18%),
4.85%, 01/25/38(a)(b)
|
|
1,000
|
997,757
|
|
Birch Grove CLO Ltd.(a)(b)
|
|
|
|
|
Series 19A, Class A1RR, (3-mo. CME Term SOFR +
1.59%), 5.26%, 07/17/37
|
|
1,000
|
999,963
|
|
Series 2021-3A, Class BR, (3-mo. CME Term SOFR
+ 1.60%), 5.27%, 01/19/38
|
|
1,000
|
999,059
|
|
Series 2025-12A, Class A1, (3-mo. CME Term SOFR
+ 1.17%), 4.84%, 04/22/38
|
|
1,250
|
1,247,070
|
|
Bryant Park Funding Ltd.(a)(b)
|
|
|
|
|
Series 2023-21A, Class AR, (3-mo. CME Term SOFR
+ 1.27%), 4.94%, 10/18/38
|
|
1,000
|
999,503
|
|
Series 2024-22A, Class C, (3-mo. CME Term SOFR +
2.60%), 6.27%, 04/15/37
|
|
1,500
|
1,501,531
|
|
Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR,
(3-mo. CME Term SOFR + 1.07%), 4.74%,
07/18/34(a)(b)
|
|
1,000
|
998,572
|
|
Carlyle U.S. CLO Ltd.(a)(b)
|
|
|
|
|
Series 2017-3A, Class A1R2, (3-mo. CME Term
SOFR + 1.40%), 5.07%, 10/21/37
|
|
1,500
|
1,501,582
|
|
Series 2019-2A, Class AR2, (3-mo. CME Term SOFR
+ 1.36%), 5.03%, 10/15/37
|
|
2,000
|
2,000,724
|
|
Series 2021-11A, Class A1R, (3-mo. CME Term
SOFR + 1.41%), 5.08%, 07/25/37
|
|
2,000
|
2,001,321
|
|
CarVal CLO I Ltd., Series 2018-1A, Class D, (3-mo.
CME Term SOFR + 3.15%), 6.82%, 07/16/31(a)(b)
|
|
500
|
499,060
|
|
CIFC Funding Ltd.(a)(b)
|
|
|
|
|
Series 2014-2RA, Class AR, (3-mo. CME Term SOFR
+ 1.36%), 5.03%, 10/24/37
|
|
1,000
|
1,000,366
|
|
Series 2019-5A, Class BR2, (3-mo. CME Term SOFR
+ 1.65%), 5.32%, 10/15/38
|
|
1,000
|
999,220
|
|
Series 2024-1A, Class A, (3-mo. CME Term SOFR +
1.50%), 5.17%, 04/18/37
|
|
1,500
|
1,500,241
|
|
Clover CLO LLC, Series 2018-1A, Class A1RR, (3-mo.
CME Term SOFR + 1.53%), 5.20%, 04/20/37(a)(b)
|
|
3,500
|
3,500,926
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Diameter Capital CLO Ltd.(a)(b)
|
|
|
|
|
Series 2021-1A, Class A1R, (3-mo. CME Term SOFR
+ 1.39%), 5.06%, 10/15/37
|
USD
|
2,800
|
$ 2,802,555
|
|
Series 2025-10A, Class A, (3-mo. CME Term SOFR +
1.31%), 4.98%, 04/20/38
|
|
1,500
|
1,500,226
|
|
Elmwood CLO 26 Ltd., Series 2026-1A, Class C, (3-mo.
CME Term SOFR + 2.40%), 6.07%, 04/18/37(a)(b)
|
|
1,000
|
1,000,000
|
|
Elmwood CLO 29 Ltd., Series 2024-5A, Class AR1,
(3-mo. CME Term SOFR + 1.52%), 5.19%,
04/20/37(a)(b)
|
|
1,000
|
1,000,286
|
|
Elmwood CLO 37 Ltd.(a)(b)
|
|
|
|
|
Series 2024-13A, Class C, (3-mo. CME Term SOFR +
1.70%), 5.37%, 01/17/38
|
|
1,000
|
997,374
|
|
Series 2024-13A, Class D1, (3-mo. CME Term SOFR
+ 2.60%), 6.27%, 01/17/38
|
|
1,000
|
1,000,147
|
|
Elmwood CLO 38 Ltd., Series 2025-1A, Class A, (3-mo.
CME Term SOFR + 1.15%), 4.82%, 04/22/38(a)(b)
|
|
1,000
|
997,010
|
|
Elmwood CLO II Ltd., Series 2019-2A, Class A1RR,
(3-mo. CME Term SOFR + 1.35%), 5.02%,
10/20/37(a)(b)
|
|
2,000
|
2,000,586
|
|
Elmwood CLO VII Ltd., Series 2020-4A, Class A1RR,
(3-mo. CME Term SOFR + 1.36%), 5.03%,
10/17/37(a)(b)
|
|
2,000
|
2,000,733
|
|
Elmwood CLO XII Ltd., Series 2021-5A, Class BR, (3-
mo. CME Term SOFR + 1.70%), 5.37%,
10/15/37(a)(b)
|
|
2,000
|
2,002,322
|
|
GoldenTree Loan Management U.S. CLO Ltd.,
Series 2025-24A, Class A, (3-mo. CME Term SOFR +
1.15%), 4.82%, 10/20/38(a)(b)
|
|
1,000
|
996,778
|
|
Golub Capital Partners CLO Ltd.(a)(b)
|
|
|
|
|
Series 2019-41A, Class AR2, (3-mo. CME Term
SOFR + 1.33%), 5.00%, 07/20/38
|
|
1,000
|
1,000,626
|
|
Series 2019-43A, Class A1R, (3-mo. CME Term
SOFR + 1.34%), 5.01%, 10/20/37
|
|
1,500
|
1,500,400
|
|
Series 2020-48A, Class A1R, (3-mo. CME Term
SOFR + 1.31%), 4.98%, 04/17/38
|
|
1,500
|
1,500,605
|
|
Series 2021-58A, Class A1R, (3-mo. CME Term
SOFR + 1.28%), 4.95%, 10/25/37
|
|
1,000
|
999,754
|
|
Series 2024-76A, Class A1, (3-mo. CME Term SOFR
+ 1.37%), 5.04%, 10/25/37
|
|
1,500
|
1,500,462
|
|
HalseyPoint CLO Ltd.(a)(b)
|
|
|
|
|
Series 2021-4A, Class A, (3-mo. CME Term SOFR +
1.48%), 5.15%, 04/20/34
|
|
2,000
|
2,000,664
|
|
Series 2021-5A, Class A1A, (3-mo. CME Term SOFR
+ 1.47%), 5.14%, 01/30/35
|
|
1,000
|
1,000,250
|
|
Kennedy Lewis CLO Ltd.(a)(b)
|
|
|
|
|
Series 2024-17A, Class A1, (3-mo. CME Term SOFR
+ 1.40%), 5.07%, 10/22/37
|
|
3,000
|
3,002,603
|
|
Series 7A, Class BR, (3-mo. CME Term SOFR +
2.20%), 5.87%, 04/22/37
|
|
1,000
|
996,938
|
|
Series 8A, Class A1R2, (3-mo. CME Term SOFR +
1.38%), 5.05%, 01/20/38
|
|
2,750
|
2,750,911
|
|
Series 9A, Class AR, (3-mo. CME Term SOFR +
1.35%), 5.02%, 01/20/38
|
|
1,000
|
999,986
|
|
Madison Park Funding LIX Ltd., Series 2021-59A,
Class A1R, (3-mo. CME Term SOFR + 1.50%),
5.17%, 04/18/37(a)(b)
|
|
1,000
|
1,000,438
|
|
Madison Park Funding LVIII Ltd., Series 2024-58A,
Class B, (3-mo. CME Term SOFR + 1.95%), 5.62%,
04/25/37(a)(b)
|
|
1,000
|
1,000,241
|
|
Madison Park Funding LXXI Ltd., Series 2025-71A,
Class A1, (3-mo. CME Term SOFR + 1.14%), 4.81%,
04/23/38(a)(b)
|
|
2,500
|
2,491,786
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Marathon CLO Ltd., Series 2020-15ARRR, Class C1R3,
(3-mo. CME Term SOFR + 3.20%), 6.85%,
08/15/37(a)(b)
|
USD
|
1,500
|
$ 1,474,308
|
|
Neuberger Berman Loan Advisers CLO Ltd.,
Series 2021-46A, Class BR, (3-mo. CME Term SOFR
+ 1.50%), 5.17%, 01/20/37(a)(b)
|
|
1,450
|
1,449,661
|
|
New Mountain CLO Ltd.(a)(b)
|
|
|
|
|
Series CLO-3A, Class A1R, (3-mo. CME Term SOFR
+ 1.33%), 5.00%, 10/20/38
|
|
1,500
|
1,500,925
|
|
Series CLO-5A, Class AR, (3-mo. CME Term SOFR +
1.25%), 4.92%, 07/20/36
|
|
2,500
|
2,498,351
|
|
Series CLO-7A, Class A1, (3-mo. CME Term SOFR +
1.20%), 4.87%, 03/31/38
|
|
1,500
|
1,497,772
|
|
OCP CLO Ltd.(a)(b)
|
|
|
|
|
Series 2015-10A, Class AR3, (3-mo. CME Term
SOFR + 1.31%), 4.98%, 01/26/38
|
|
1,000
|
999,823
|
|
Series 2020-19A, Class A1R2, (3-mo. CME Term
SOFR + 1.18%), 4.85%, 04/20/38
|
|
2,000
|
1,995,984
|
|
Series 2021-23A, Class AR2, (3-mo. CME Term
SOFR + 1.19%), 4.86%, 01/17/39
|
|
1,000
|
998,802
|
|
Octagon Investment Partners 26 Ltd., Series 2016-1A,
Class DR, (3-mo. CME Term SOFR + 3.11%), 6.78%,
07/15/30(a)(b)
|
|
500
|
500,291
|
|
Octagon Investment Partners 34 Ltd., Series 2017-1A,
Class B1, (3-mo. CME Term SOFR + 1.66%), 5.33%,
01/20/30(a)(b)
|
|
315
|
314,780
|
|
Octagon Investment Partners XVII Ltd.(a)(b)
|
|
|
|
|
Series 2013-1A, Class BR2, (3-mo. CME Term SOFR
+ 1.66%), 5.33%, 01/25/31
|
|
330
|
329,958
|
|
Series 2013-1A, Class CR2, (3-mo. CME Term SOFR
+ 1.96%), 5.63%, 01/25/31
|
|
1,000
|
998,900
|
|
OHA Credit Funding Ltd.(a)(b)
|
|
|
|
|
Series 2019-3A, Class AR2, (3-mo. CME Term SOFR
+ 1.32%), 4.99%, 01/20/38
|
|
1,750
|
1,750,525
|
|
Series 2020-5AR, Class AR, (3-mo. CME Term SOFR
+ 1.35%), 5.02%, 10/18/37
|
|
1,000
|
1,000,292
|
|
Series 2020-7A, Class A1R2, (3-mo. CME Term
SOFR + 1.28%), 4.95%, 07/19/38
|
|
1,000
|
999,986
|
|
OHA Credit Partners XII Ltd., Series 2015-12AR,
Class D1R2, (3-mo. CME Term SOFR + 3.50%),
7.17%, 04/23/37(a)(b)
|
|
600
|
597,286
|
|
OHA Credit Partners XVI, Series 2021-16A, Class AR,
(3-mo. CME Term SOFR + 1.35%), 5.02%,
10/18/37(a)(b)
|
|
750
|
750,219
|
|
Post CLO Ltd., Series 2024-1, Class A1, (3-mo. CME
Term SOFR + 1.60%), 5.27%, 04/20/37(a)(b)
|
|
2,000
|
2,001,735
|
|
Regatta XI Funding Ltd., Series 2018-1A, Class AR,
(3-mo. CME Term SOFR + 1.40%), 5.07%,
07/17/37(a)(b)
|
|
2,000
|
2,001,119
|
|
Regatta XII Funding Ltd., Series 2019-1A, Class ARR,
(3-mo. CME Term SOFR + 1.39%), 5.06%,
10/15/37(a)(b)
|
|
1,500
|
1,500,867
|
|
Regatta XVIII Funding Ltd., Series 2021-1A, Class BR,
(3-mo. CME Term SOFR + 1.55%), 5.22%,
04/15/38(a)(b)
|
|
1,000
|
995,518
|
|
Regatta XXIV Funding Ltd., Series 2021-5A, Class AR,
(3-mo. CME Term SOFR + 1.32%), 4.99%,
01/20/38(a)(b)
|
|
2,000
|
2,000,575
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Regatta XXVII Funding Ltd., Series 2024-1A, Class A1,
(3-mo. CME Term SOFR + 1.53%), 5.20%,
04/26/37(a)(b)
|
USD
|
2,000
|
$ 2,001,067
|
|
Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1,
(3-mo. CME Term SOFR + 1.55%), 5.22%,
04/25/37(a)(b)
|
|
1,500
|
1,500,750
|
|
Rockford Tower CLO Ltd., Series 2017-3A, Class A,
(3-mo. CME Term SOFR + 1.45%), 5.12%,
10/20/30(a)(b)
|
|
—
|
250
|
|
RR Ltd.(a)(b)
|
|
|
|
|
Series 2018-5A, Class CR, (3-mo. CME Term SOFR
+ 3.60%), 7.27%, 07/15/39
|
|
650
|
638,733
|
|
Series 2022-21A, Class A1AR, (3-mo. CME Term
SOFR + 1.40%), 5.07%, 07/15/39
|
|
1,000
|
1,000,557
|
|
Series 2024-29RA, Class A2R, (3-mo. CME Term
SOFR + 1.70%), 5.37%, 07/15/39
|
|
2,000
|
2,003,827
|
|
Signal Peak CLO Ltd.(a)(b)
|
|
|
|
|
Series 2020-8A, Class A1R, (3-mo. CME Term SOFR
+ 1.39%), 5.06%, 10/20/37
|
|
6,000
|
6,004,011
|
|
Series 2024-14A, Class A, (3-mo. CME Term SOFR +
1.30%), 4.97%, 01/22/38
|
|
2,000
|
2,000,397
|
|
Silver Point CLO Ltd.(a)(b)
|
|
|
|
|
Series 2024-4A, Class A1, (3-mo. CME Term SOFR +
1.63%), 5.30%, 04/15/37
|
|
1,000
|
1,000,386
|
|
Series 2025-9A, Class A1, (3-mo. CME Term SOFR +
1.52%), 5.19%, 03/31/38
|
|
1,500
|
1,502,250
|
|
Sixth Street CLO XII Ltd., Series 2018-12A, Class BR2,
(3-mo. CME Term SOFR + 1.60%), 5.27%,
01/17/39(a)(b)
|
|
1,000
|
1,000,850
|
|
Sixth Street CLO XIV Ltd., Series 2019-14A, Class BR2,
(3-mo. CME Term SOFR + 1.50%), 5.17%,
01/20/38(a)(b)
|
|
1,750
|
1,751,862
|
|
Sixth Street CLO XXII Ltd., Series 2023-22A, Class AR,
(3-mo. CME Term SOFR + 1.13%), 4.80%,
04/21/38(a)(b)
|
|
1,500
|
1,496,216
|
|
TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3-mo.
CME Term SOFR + 1.38%), 5.05%, 01/15/34(a)(b)
|
|
2,000
|
2,000,504
|
|
Trestles CLO VII Ltd., Series 2024-7A, Class A1, (3-mo.
CME Term SOFR + 1.38%), 5.05%, 10/25/37(a)(b)
|
|
1,388
|
1,388,062
|
|
Trimaran CAVU Ltd., Series 2022-2A, Class AR, (3-mo.
CME Term SOFR + 1.24%), 4.91%, 03/27/38(a)(b)
|
|
1,000
|
998,804
|
|
Warwick Capital CLO Ltd., Series 2024-4A, Class A1,
(3-mo. CME Term SOFR + 1.40%), 5.07%,
07/20/37(a)(b)
|
|
1,000
|
1,000,866
|
|
Whitebox CLO II Ltd., Series 2020-2A, Class A1R2,
(3-mo. CME Term SOFR + 1.38%), 5.05%,
10/24/37(a)(b)
|
|
1,500
|
1,500,932
|
|
Total Asset-Backed Securities — 12.8%
(Cost: $130,952,593)
|
131,238,917
|
||
|
|
|
Shares
|
|
|
Common Stocks
|
|||
|
Entertainment — 0.0%
|
|
||
|
Learfield Communications LLC, (Acquired 09/06/23,
Cost: $5,212)(c)(d)(e)
|
|
415
|
46,480
|
|
Security
|
|
Shares
|
Value
|
|
Financial Services — 0.0%
|
|
||
|
Aimbridge Acquisition Co., Inc.(c)(d)
|
|
667
|
$ 30,024
|
|
Ground Transportation — 0.0%
|
|
||
|
Sirva BGRS Holdings, Inc.(d)
|
|
99
|
63
|
|
Hotels, Restaurants & Leisure — 0.0%
|
|
||
|
Fortrex Equity(c)(d)
|
|
895
|
25,955
|
|
IT Services — 0.0%
|
|
||
|
Travelport LLC(c)(d)
|
|
25
|
25,742
|
|
Machinery — 0.0%
|
|
||
|
United Site Services, Inc.(c)(d)
|
|
4,701
|
34,082
|
|
Trading Companies & Distributors — 0.0%
|
|
||
|
TMK Hawk Midco Corp.(c)(d)
|
|
934
|
6,542
|
|
Wireless Telecommunication Services — 0.0%
|
|
||
|
Altice France Lux 3(d)
|
|
13,720
|
228,359
|
|
Total Common Stocks — 0.0%
(Cost: $483,977)
|
397,247
|
||
|
|
|
Par
(000)
|
|
|
Corporate Bonds
|
|||
|
Advertising Agencies — 0.9%
|
|||
|
Clear Channel Outdoor Holdings, Inc.(b)
|
|
|
|
|
7.75%, 04/15/28
|
USD
|
1,401
|
1,407,648
|
|
7.50%, 06/01/29
|
|
380
|
381,604
|
|
7.88%, 04/01/30(f)
|
|
901
|
942,899
|
|
7.13%, 02/15/31
|
|
1,031
|
1,080,174
|
|
7.50%, 03/15/33
|
|
1,011
|
1,070,647
|
|
CMG Media Corp., 8.88%, 06/18/29(b)
|
|
54
|
46,692
|
|
Lamar Media Corp., 5.38%, 11/01/33(b)
|
|
269
|
263,277
|
|
Neptune Bidco U.S., Inc.(b)
|
|
|
|
|
9.29%, 04/15/29
|
|
54
|
54,150
|
|
10.38%, 05/15/31
|
|
622
|
627,603
|
|
9.50%, 02/15/33
|
|
453
|
439,518
|
|
Omnicom Group, Inc., 5.40%, 10/01/48(f)
|
|
2,215
|
1,929,930
|
|
Outfront Media Capital LLC/Outfront Media Capital
Corp.(b)
|
|
|
|
|
5.00%, 08/15/27
|
|
119
|
118,719
|
|
4.25%, 01/15/29(f)
|
|
373
|
359,572
|
|
4.63%, 03/15/30(f)
|
|
176
|
169,809
|
|
7.38%, 02/15/31
|
|
359
|
374,334
|
|
Stagwell Global LLC, 5.63%, 08/15/29(b)
|
|
209
|
198,979
|
|
|
|
|
9,465,555
|
|
Aerospace & Defense — 3.7%
|
|||
|
AAR Escrow Issuer LLC, 6.75%, 03/15/29(b)
|
|
350
|
356,231
|
|
ATI, Inc.
|
|
|
|
|
5.88%, 12/01/27
|
|
253
|
252,951
|
|
7.25%, 08/15/30
|
|
657
|
681,289
|
|
5.13%, 10/01/31
|
|
656
|
648,115
|
|
Boeing Co.(f)
|
|
|
|
|
5.15%, 05/01/30
|
|
6,775
|
6,888,414
|
|
7.01%, 05/01/64
|
|
2,285
|
2,526,113
|
|
Bombardier, Inc.(b)
|
|
|
|
|
8.75%, 11/15/30
|
|
576
|
612,600
|
|
7.25%, 07/01/31
|
|
165
|
172,906
|
|
7.00%, 06/01/32(f)
|
|
362
|
375,699
|
|
6.75%, 06/15/33
|
|
436
|
450,261
|
|
Security
|
|
Par
(000)
|
Value
|
|
Aerospace & Defense (continued)
|
|||
|
Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%,
02/15/32(b)
|
USD
|
1,270
|
$ 1,263,563
|
|
General Dynamics Corp., 4.25%, 04/01/50(f)
|
|
1,260
|
1,051,483
|
|
Goat Holdco LLC, 6.75%, 02/01/32(b)
|
|
452
|
454,770
|
|
Moog, Inc.(b)
|
|
|
|
|
4.25%, 12/15/27
|
|
320
|
319,814
|
|
5.50%, 10/15/34
|
|
156
|
156,490
|
|
Northrop Grumman Corp.
|
|
|
|
|
4.03%, 10/15/47
|
|
2,400
|
1,889,120
|
|
5.25%, 05/01/50(f)
|
|
3,050
|
2,828,700
|
|
RTX Corp.(f)
|
|
|
|
|
4.63%, 11/16/48
|
|
2,805
|
2,388,037
|
|
3.13%, 07/01/50
|
|
3,545
|
2,331,092
|
|
6.40%, 03/15/54
|
|
1,100
|
1,186,145
|
|
TransDigm, Inc.(b)
|
|
|
|
|
6.75%, 08/15/28
|
|
1,695
|
1,715,577
|
|
6.38%, 03/01/29
|
|
2,462
|
2,507,948
|
|
6.63%, 03/01/32
|
|
1,106
|
1,127,976
|
|
6.00%, 01/15/33
|
|
900
|
899,495
|
|
6.38%, 05/31/33
|
|
1,057
|
1,051,364
|
|
6.25%, 01/31/34
|
|
250
|
252,758
|
|
6.75%, 01/31/34
|
|
1,717
|
1,739,501
|
|
6.13%, 07/31/34
|
|
1,459
|
1,434,988
|
|
|
|
|
37,563,400
|
|
Air Freight & Logistics(b) — 0.0%
|
|||
|
Rand Parent LLC, 8.50%, 02/15/30
|
|
311
|
319,249
|
|
Stonepeak Nile Parent LLC, 7.25%, 03/15/32
|
|
152
|
158,095
|
|
|
|
|
477,344
|
|
Automobile Components — 0.6%
|
|||
|
American Axle & Manufacturing, Inc.(b)
|
|
|
|
|
6.38%, 10/15/32
|
|
195
|
193,000
|
|
7.75%, 10/15/33
|
|
203
|
197,620
|
|
Clarios Global LP/Clarios U.S. Finance Co.(b)
|
|
|
|
|
6.75%, 05/15/28
|
|
1,071
|
1,081,422
|
|
6.75%, 02/15/30
|
|
475
|
485,687
|
|
4.75%, 06/15/31
|
EUR
|
250
|
283,723
|
|
6.75%, 09/15/32
|
USD
|
879
|
886,032
|
|
Cyprium Corp./Cyprium Holdings Luxembourg SARL,
6.13%, 04/15/31(b)
|
|
250
|
246,454
|
|
Dana, Inc.
|
|
|
|
|
4.25%, 09/01/30
|
|
59
|
55,817
|
|
4.50%, 02/15/32
|
|
96
|
89,588
|
|
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)
|
|
109
|
112,861
|
|
Goodyear Tire & Rubber Co.
|
|
|
|
|
5.00%, 07/15/29(f)
|
|
207
|
195,887
|
|
6.63%, 07/15/30
|
|
213
|
208,288
|
|
Motherson Global Investments BV, 5.63%, 07/11/29(g)
|
|
275
|
278,911
|
|
Qnity Electronics, Inc.(b)
|
|
|
|
|
5.75%, 08/15/32
|
|
360
|
360,429
|
|
6.25%, 08/15/33
|
|
279
|
282,107
|
|
SK On Co. Ltd., 5.38%, 05/11/26(g)
|
|
200
|
200,186
|
|
Tenneco, Inc., 8.00%, 11/17/28(b)
|
|
683
|
680,571
|
|
|
|
|
5,838,583
|
|
Automobiles — 1.9%
|
|||
|
Allison Transmission, Inc., 5.88%, 12/01/33(b)
|
|
206
|
204,737
|
|
Asbury Automotive Group, Inc.
|
|
|
|
|
4.50%, 03/01/28
|
|
221
|
217,022
|
|
5.00%, 02/15/32(b)
|
|
100
|
94,701
|
|
Carvana Co.(b)(h)
|
|
|
|
|
(11.00% Cash or 13.00% PIK), 9.00%, 06/01/30
|
|
1,010
|
1,051,107
|
|
Security
|
|
Par
(000)
|
Value
|
|
Automobiles (continued)
|
|||
|
Carvana Co.(b)(h) (continued)
|
|
|
|
|
(9.00% PIK), 9.00%, 06/01/31
|
USD
|
1,809
|
$ 1,955,673
|
|
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
|
|
264
|
272,990
|
|
Ford Motor Co.
|
|
|
|
|
3.25%, 02/12/32
|
|
171
|
148,522
|
|
6.10%, 08/19/32
|
|
3,129
|
3,154,638
|
|
General Motors Co.(f)
|
|
|
|
|
6.25%, 10/02/43
|
|
940
|
923,098
|
|
5.95%, 04/01/49
|
|
3,455
|
3,232,908
|
|
Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%,
08/15/29(b)
|
|
200
|
198,983
|
|
Group 1 Automotive, Inc., 6.38%, 01/15/30(b)
|
|
90
|
90,604
|
|
Hyundai Capital America, 2.38%, 10/15/27(g)
|
|
200
|
193,552
|
|
Hyundai Capital Services, Inc., 5.13%, 02/05/29(g)
|
|
225
|
228,562
|
|
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27(g)
|
|
500
|
490,470
|
|
LCM Investments Holdings II LLC(b)(f)
|
|
|
|
|
4.88%, 05/01/29
|
|
406
|
395,081
|
|
8.25%, 08/01/31
|
|
320
|
332,398
|
|
Lithia Motors, Inc., 5.50%, 10/01/30(b)
|
|
223
|
218,524
|
|
Nissan Motor Acceptance Co. LLC
|
|
|
|
|
6.95%, 09/15/26(b)(f)
|
|
3,265
|
3,281,087
|
|
6.95%, 09/15/26(g)
|
|
75
|
75,370
|
|
7.05%, 09/15/28(g)
|
|
150
|
152,338
|
|
6.13%, 09/30/30(b)
|
|
575
|
552,599
|
|
Nissan Motor Co. Ltd.
|
|
|
|
|
4.81%, 09/17/30(g)
|
|
200
|
181,573
|
|
7.75%, 07/17/32(b)
|
|
266
|
269,350
|
|
6.38%, 07/17/33(b)
|
EUR
|
190
|
218,500
|
|
8.13%, 07/17/35(b)
|
USD
|
789
|
811,756
|
|
Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC,
10.00%, 01/15/31(b)
|
|
301
|
292,474
|
|
TML Holdings Pte. Ltd., 4.35%, 06/09/26(g)
|
|
200
|
199,500
|
|
|
|
|
19,438,117
|
|
Banks — 3.9%
|
|||
|
ABQ Finance Ltd., 4.95%, 03/25/30(g)
|
|
250
|
248,522
|
|
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27(g)
|
|
212
|
208,834
|
|
ANB Tier 1 Sukuk Co. Ltd., (5-year CMT + 2.60%),
6.40%(a)(g)(i)
|
|
200
|
195,700
|
|
Australia & New Zealand Banking Group Ltd.(a)
|
|
|
|
|
(1-day SOFR + 0.68%), 4.35%, 07/16/27(g)
|
|
200
|
200,520
|
|
(5-year CMT + 1.70%), 2.57%, 11/25/35(b)(f)
|
|
5,445
|
4,866,581
|
|
Bangkok Bank PCL(g)
|
|
|
|
|
4.45%, 09/19/28
|
|
200
|
199,706
|
|
(5-year CMT + 1.90%), 3.73%, 09/25/34(a)
|
|
200
|
189,240
|
|
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26(g)
|
|
200
|
200,030
|
|
Bank of China Ltd., 1.40%, 04/28/26(g)
|
|
200
|
199,570
|
|
Bank of East Asia Ltd., (5-year CMT + 2.30%), 4.88%,
04/22/32(a)(g)
|
|
750
|
746,940
|
|
BPCE SA, (1-day SOFR + 2.61%), 6.92%, 01/14/46(a)(b)
|
|
3,095
|
3,164,919
|
|
China CITIC Bank International Ltd., (5-year CMT +
1.65%), 6.00%, 12/05/33(a)(g)
|
|
250
|
259,242
|
|
First Abu Dhabi Bank PJSC, 5.00%, 02/28/29(g)
|
|
200
|
199,800
|
|
Kasikornbank PCL, (5-year CMT + 1.70%), 3.34%,
10/02/31(a)(g)
|
|
468
|
463,381
|
|
KeyCorp, (1-day SOFR Index + 2.42%), 6.40%,
03/06/35(a)
|
|
1,995
|
2,115,183
|
|
KODIT Global Co. Ltd., Series 2023-1, 4.95%,
05/25/26(g)
|
|
200
|
200,080
|
|
Kookmin Bank, 5.25%, 05/08/29(g)
|
|
200
|
205,202
|
|
Macquarie Bank Ltd., 6.80%, 01/18/33(b)(f)
|
|
5,110
|
5,517,211
|
|
Security
|
|
Par
(000)
|
Value
|
|
Banks (continued)
|
|||
|
Metropolitan Bank & Trust Co.(g)
|
|
|
|
|
5.38%, 03/06/29
|
USD
|
320
|
$ 326,480
|
|
5.50%, 03/06/34
|
|
275
|
278,437
|
|
Nanyang Commercial Bank Ltd., (5-year CMT + 2.10%),
6.00%, 08/06/34(a)(g)
|
|
250
|
256,925
|
|
Philippine National Bank, 4.85%, 10/23/29(g)
|
|
200
|
199,000
|
|
Riyad Sukuk Ltd., (5-year CMT + 2.25%), 6.21%,
07/14/35(a)(g)
|
|
400
|
397,836
|
|
Saudi Awwal Bank, (5-year CMT + 2.20%), 5.95%,
09/04/35(a)(g)
|
|
200
|
195,880
|
|
Standard Chartered PLC(a)(g)
|
|
|
|
|
(1-day SOFR + 1.68%), 5.34%, 05/13/31
|
|
400
|
407,424
|
|
(1-year CMT + 2.10%), 6.10%, 01/11/35
|
|
200
|
207,438
|
|
Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%,
06/08/27(a)(f)
|
|
9,310
|
9,333,453
|
|
United Overseas Bank Ltd., 1.25%, 04/14/26(g)
|
|
200
|
199,780
|
|
Walker & Dunlop, Inc., 6.63%, 04/01/33(b)
|
|
192
|
187,715
|
|
Wells Fargo & Co.(f)
|
|
|
|
|
5.61%, 01/15/44
|
|
4,119
|
3,941,460
|
|
(1-day SOFR + 1.51%), 3.53%, 03/24/28(a)
|
|
4,075
|
4,041,383
|
|
Westpac Banking Corp., (1-day SOFR + 0.81%), 4.48%,
04/16/29(a)
|
|
200
|
201,208
|
|
|
|
|
39,555,080
|
|
Beverages(f) — 1.0%
|
|||
|
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc., 4.90%, 02/01/46
|
|
5,712
|
5,147,495
|
|
Anheuser-Busch InBev Worldwide, Inc., 5.55%,
01/23/49
|
|
5,000
|
4,855,858
|
|
|
|
|
10,003,353
|
|
Biotechnology — 0.7%
|
|||
|
Baxalta, Inc., 5.25%, 06/23/45(f)
|
|
6,000
|
5,584,827
|
|
BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34(b)
|
|
430
|
423,359
|
|
Genmab AS/Genmab Finance LLC(b)
|
|
|
|
|
6.25%, 12/15/32
|
|
228
|
233,753
|
|
7.25%, 12/15/33
|
|
561
|
587,216
|
|
|
|
|
6,829,155
|
|
Building Materials(b) — 1.1%
|
|||
|
AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33
|
|
286
|
295,223
|
|
Builders FirstSource, Inc.
|
|
|
|
|
6.38%, 03/01/34
|
|
209
|
206,328
|
|
6.75%, 05/15/35
|
|
224
|
223,785
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
|
6.63%, 12/15/30
|
|
3,982
|
4,049,929
|
|
6.75%, 07/15/31
|
|
230
|
236,545
|
|
Jeld-Wen, Inc.
|
|
|
|
|
4.88%, 12/15/27
|
|
345
|
233,921
|
|
7.00%, 09/01/32(f)
|
|
100
|
46,621
|
|
New Enterprise Stone & Lime Co., Inc.
|
|
|
|
|
5.25%, 07/15/28
|
|
163
|
160,587
|
|
9.75%, 07/15/28
|
|
93
|
92,906
|
|
Quikrete Holdings, Inc.
|
|
|
|
|
6.38%, 03/01/32
|
|
1,724
|
1,748,141
|
|
6.75%, 03/01/33
|
|
395
|
401,178
|
|
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28
|
|
245
|
243,152
|
|
Standard Building Solutions, Inc.
|
|
|
|
|
6.50%, 08/15/32
|
|
861
|
861,445
|
|
6.25%, 08/01/33
|
|
511
|
505,254
|
|
5.88%, 03/15/34
|
|
358
|
345,180
|
|
Standard Industries, Inc.
|
|
|
|
|
4.38%, 07/15/30
|
|
1,443
|
1,360,121
|
|
Security
|
|
Par
(000)
|
Value
|
|
Building Materials (continued)
|
|||
|
Standard Industries, Inc. (continued)
|
|
|
|
|
3.38%, 01/15/31
|
USD
|
393
|
$ 352,272
|
|
Wilsonart LLC, 11.00%, 08/15/32
|
|
426
|
308,800
|
|
|
|
|
11,671,388
|
|
Building Products(b) — 0.4%
|
|||
|
LBM Acquisition LLC, 9.50%, 06/15/31
|
|
297
|
258,523
|
|
QXO Building Products, Inc., 6.75%, 04/30/32
|
|
1,156
|
1,179,109
|
|
White Cap Supply Holdings LLC, 7.38%, 11/15/30
|
|
2,368
|
2,296,943
|
|
|
|
|
3,734,575
|
|
Capital Markets — 2.1%
|
|||
|
ARES Strategic Income Fund, 5.45%, 09/09/28(b)(f)
|
|
4,275
|
4,230,512
|
|
Blue Owl Capital Corp., 6.20%, 07/15/30(f)
|
|
703
|
692,841
|
|
CFAMC II Co. Ltd., 4.63%, 06/03/26(g)
|
|
200
|
199,932
|
|
China Ping An Insurance Overseas Holdings Ltd.,
6.13%, 05/16/34(g)
|
|
200
|
211,928
|
|
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)
|
|
460
|
427,912
|
|
Focus Financial Partners LLC, 6.75%, 09/15/31(b)
|
|
181
|
179,759
|
|
Gaci First Investment Co., 5.25%, 10/13/32(g)
|
|
200
|
199,724
|
|
Golub Capital Private Credit Fund, 5.45%, 08/15/28(f)
|
|
7,840
|
7,731,787
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
|
|
|
|
|
5.25%, 05/15/27
|
|
2,670
|
2,616,353
|
|
9.75%, 01/15/29
|
|
274
|
269,384
|
|
4.38%, 02/01/29(f)
|
|
252
|
215,047
|
|
10.00%, 11/15/29(b)
|
|
110
|
108,366
|
|
Jane Street Group/JSG Finance, Inc.(b)
|
|
|
|
|
6.13%, 11/01/32
|
|
100
|
98,889
|
|
6.75%, 05/01/33
|
|
339
|
343,939
|
|
Nomura Holdings, Inc., (5-year CMT + 1.30%), 5.04%,
06/10/36(a)
|
|
400
|
388,021
|
|
Osaic Holdings, Inc.(b)
|
|
|
|
|
6.75%, 08/01/32
|
|
433
|
433,054
|
|
8.00%, 08/01/33
|
|
602
|
594,296
|
|
State Street Corp., (1-day SOFR + 1.72%), 5.82%,
11/04/28(a)
|
|
2,925
|
2,989,553
|
|
|
|
|
21,931,297
|
|
Chemicals — 2.8%
|
|||
|
Celanese U.S. Holdings LLC
|
|
|
|
|
7.00%, 02/15/31
|
|
33
|
33,884
|
|
6.75%, 04/15/33(f)
|
|
241
|
247,257
|
|
7.38%, 02/15/34
|
|
274
|
280,720
|
|
Chemours Co.(b)
|
|
|
|
|
5.75%, 11/15/28
|
|
894
|
885,171
|
|
4.63%, 11/15/29
|
|
461
|
432,305
|
|
7.88%, 03/15/34
|
|
251
|
250,927
|
|
DuPont de Nemours, Inc., 5.42%, 11/15/48(f)
|
|
7,500
|
6,940,824
|
|
Element Solutions, Inc., 3.88%, 09/01/28(b)
|
|
3,039
|
2,958,870
|
|
FMC Corp.
|
|
|
|
|
3.45%, 10/01/29
|
|
142
|
126,841
|
|
4.50%, 10/01/49
|
|
68
|
42,080
|
|
6.38%, 05/18/53
|
|
49
|
36,920
|
|
GC Treasury Center Co. Ltd., 2.98%, 03/18/31(g)
|
|
200
|
176,314
|
|
Herens Holdco SARL, 4.75%, 05/15/28(b)
|
|
200
|
168,080
|
|
Ingevity Corp., 3.88%, 11/01/28(b)
|
|
100
|
95,995
|
|
Inversion Escrow Issuer LLC, 6.75%, 08/01/32(b)
|
|
400
|
380,929
|
|
Kraton Corp., 5.00%, 07/15/27(g)
|
|
200
|
201,814
|
|
LG Chem Ltd., 2.38%, 07/07/31(g)
|
|
200
|
176,180
|
|
LYB Finance Co. BV, 8.10%, 03/15/27(b)
|
|
6,000
|
6,202,494
|
|
Methanex U.S. Operations, Inc., 6.25%, 03/15/32(b)(f)
|
|
274
|
280,320
|
|
Olympus Water U.S. Holding Corp.(b)
|
|
|
|
|
6.25%, 10/01/29(f)
|
|
200
|
189,008
|
|
Security
|
|
Par
(000)
|
Value
|
|
Chemicals (continued)
|
|||
|
Olympus Water U.S. Holding Corp.(b) (continued)
|
|
|
|
|
7.25%, 06/15/31
|
USD
|
970
|
$ 947,402
|
|
7.25%, 02/15/33
|
|
1,796
|
1,713,566
|
|
Perimeter Holdings LLC, 6.25%, 01/15/34(b)
|
|
676
|
662,987
|
|
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)
|
|
1,061
|
1,034,867
|
|
Solstice Advanced Materials, Inc., 5.63%, 09/30/33(b)
|
|
533
|
525,561
|
|
WR Grace Holdings LLC(b)
|
|
|
|
|
5.63%, 08/15/29(f)
|
|
2,729
|
2,509,914
|
|
7.38%, 03/01/31
|
|
297
|
297,766
|
|
6.63%, 08/15/32
|
|
405
|
394,614
|
|
7.00%, 08/01/33
|
|
373
|
362,248
|
|
|
|
|
28,555,858
|
|
Commercial Services & Supplies — 3.1%
|
|||
|
ADT Security Corp.(b)
|
|
|
|
|
4.88%, 07/15/32
|
|
413
|
385,774
|
|
5.88%, 10/15/33
|
|
583
|
564,641
|
|
Albion Financing 1 SARL/Aggreko Holdings, Inc.,
7.00%, 05/21/30(b)
|
|
617
|
630,597
|
|
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)
|
|
3,048
|
3,143,143
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp.(b)
|
|
|
|
|
6.00%, 06/01/29(f)
|
|
1,400
|
1,352,787
|
|
6.88%, 06/15/30
|
|
1,102
|
1,117,078
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b)
|
|
2,672
|
2,609,720
|
|
Belron U.K. Finance PLC, 5.75%, 10/15/29(b)
|
|
1,030
|
1,036,504
|
|
Brink’s Co.(b)
|
|
|
|
|
6.50%, 06/15/29
|
|
225
|
228,483
|
|
6.75%, 06/15/32
|
|
340
|
344,153
|
|
Clarivate Science Holdings Corp.(b)
|
|
|
|
|
3.88%, 07/01/28
|
|
805
|
759,692
|
|
4.88%, 07/01/29(f)
|
|
1,060
|
919,747
|
|
CompoSecure Holdings LLC, 5.63%, 02/01/33(b)
|
|
1,005
|
981,835
|
|
Deluxe Corp., 8.13%, 09/15/29(b)
|
|
164
|
170,246
|
|
FTAI Aviation Investors LLC(b)
|
|
|
|
|
5.50%, 05/01/28
|
|
1,350
|
1,349,523
|
|
7.88%, 12/01/30
|
|
909
|
949,173
|
|
7.00%, 05/01/31
|
|
1,515
|
1,553,072
|
|
7.00%, 06/15/32(f)
|
|
799
|
819,068
|
|
5.88%, 04/15/33
|
|
585
|
572,357
|
|
Garda World Security Corp.(b)
|
|
|
|
|
7.75%, 02/15/28
|
|
606
|
616,464
|
|
6.00%, 06/01/29
|
|
89
|
84,712
|
|
8.25%, 08/01/32
|
|
765
|
756,993
|
|
8.38%, 11/15/32
|
|
1,624
|
1,625,103
|
|
Herc Holdings, Inc.(b)
|
|
|
|
|
6.63%, 06/15/29(f)
|
|
199
|
202,269
|
|
7.00%, 06/15/30
|
|
503
|
515,761
|
|
5.75%, 03/15/31
|
|
189
|
186,140
|
|
7.25%, 06/15/33
|
|
307
|
314,596
|
|
6.00%, 03/15/34
|
|
195
|
188,516
|
|
Hertz Corp., 12.63%, 07/15/29(b)
|
|
191
|
167,594
|
|
Prime Security Services Borrower LLC/Prime Finance,
Inc., 5.75%, 04/15/26(b)
|
|
2
|
2,002
|
|
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)
|
|
788
|
797,617
|
|
Service Corp. International
|
|
|
|
|
5.13%, 06/01/29
|
|
468
|
464,971
|
|
3.38%, 08/15/30
|
|
1,331
|
1,228,010
|
|
4.00%, 05/15/31
|
|
364
|
339,297
|
|
5.75%, 10/15/32
|
|
1,280
|
1,277,537
|
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)
|
|
682
|
640,301
|
|
United Rentals North America, Inc., 5.38%, 11/15/33(b)
|
|
696
|
676,776
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Services & Supplies (continued)
|
|||
|
Veritiv Operating Co., 10.50%, 11/30/30(b)
|
USD
|
216
|
$ 224,478
|
|
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)
|
|
720
|
736,198
|
|
Williams Scotsman, Inc.(b)
|
|
|
|
|
4.63%, 08/15/28
|
|
269
|
264,629
|
|
6.63%, 06/15/29
|
|
35
|
35,394
|
|
6.63%, 04/15/30
|
|
409
|
415,458
|
|
7.38%, 10/01/31
|
|
436
|
447,065
|
|
|
|
|
31,695,474
|
|
Communications Equipment — 0.0%
|
|||
|
Viavi Solutions, Inc., 3.75%, 10/01/29(b)
|
|
227
|
212,978
|
|
Construction & Engineering — 0.4%
|
|||
|
AECOM, 6.00%, 08/01/33(b)
|
|
719
|
718,210
|
|
Arcosa, Inc., 6.88%, 08/15/32(b)
|
|
76
|
77,873
|
|
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)
|
|
1,967
|
1,797,666
|
|
Dycom Industries, Inc., 4.50%, 04/15/29(b)
|
|
26
|
25,220
|
|
Hanwha Futureproof Corp., 4.75%, 04/30/28(g)
|
|
375
|
377,918
|
|
IRB Infrastructure Developers Ltd., 7.11%, 03/11/32(g)
|
|
200
|
200,000
|
|
Signature Aviation U.S. Holdings, Inc., 4.00%,
03/01/28(b)
|
|
541
|
498,411
|
|
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31(g)
|
|
200
|
180,344
|
|
Weekley Homes LLC/Weekley Finance Corp., 6.75%,
01/15/34(b)
|
|
214
|
204,958
|
|
|
|
|
4,080,600
|
|
Consumer Finance — 1.6%
|
|||
|
Block, Inc.
|
|
|
|
|
2.75%, 06/01/26
|
|
694
|
690,836
|
|
5.63%, 08/15/30(b)
|
|
443
|
440,552
|
|
6.50%, 05/15/32
|
|
2,055
|
2,073,764
|
|
6.00%, 08/15/33(b)
|
|
555
|
545,833
|
|
Global Payments, Inc., 5.95%, 08/15/52(f)
|
|
4,547
|
4,184,166
|
|
Hyundai Card Co. Ltd., 5.75%, 04/24/29(g)
|
|
345
|
355,564
|
|
ION Platform Finance U.S., Inc., 7.88%, 09/30/32(b)
|
|
398
|
308,062
|
|
Muthoot Finance Ltd.(g)
|
|
|
|
|
7.13%, 02/14/28
|
|
475
|
477,375
|
|
6.38%, 03/02/30
|
|
825
|
812,625
|
|
Navient Corp.
|
|
|
|
|
9.38%, 07/25/30
|
|
83
|
80,912
|
|
7.88%, 06/15/32(f)
|
|
183
|
163,153
|
|
OneMain Finance Corp.
|
|
|
|
|
6.63%, 05/15/29
|
|
429
|
429,417
|
|
5.38%, 11/15/29
|
|
1,224
|
1,180,319
|
|
7.88%, 03/15/30
|
|
388
|
400,407
|
|
6.13%, 05/15/30
|
|
422
|
412,649
|
|
4.00%, 09/15/30
|
|
109
|
98,436
|
|
7.50%, 05/15/31
|
|
64
|
64,342
|
|
7.13%, 11/15/31
|
|
121
|
119,886
|
|
6.75%, 03/15/32(f)
|
|
423
|
410,410
|
|
7.13%, 09/15/32
|
|
200
|
196,971
|
|
6.50%, 03/15/33
|
|
418
|
399,577
|
|
6.75%, 09/15/33
|
|
481
|
461,208
|
|
Piramal Finance Ltd., 7.80%, 01/29/28(g)
|
|
200
|
201,375
|
|
Shift4 Payments, Inc.(b)
|
|
|
|
|
6.75%, 08/15/32
|
|
1,148
|
1,128,880
|
|
5.50%, 05/15/33
|
EUR
|
350
|
381,390
|
|
WEX, Inc., 6.50%, 03/15/33(b)
|
USD
|
452
|
442,767
|
|
|
|
|
16,460,876
|
|
Consumer Staples Distribution & Retail — 1.2%
|
|||
|
Albertsons Cos, Inc.(b)
|
|
|
|
|
5.50%, 03/31/31
|
|
212
|
209,599
|
|
6.25%, 03/15/33(f)
|
|
240
|
241,609
|
|
Security
|
|
Par
(000)
|
Value
|
|
Consumer Staples Distribution & Retail (continued)
|
|||
|
Albertsons Cos, Inc.(b) (continued)
|
|
|
|
|
5.75%, 03/31/34
|
USD
|
725
|
$ 709,301
|
|
Albertsons Cos., Inc., 5.63%, 03/31/32(b)
|
|
176
|
173,275
|
|
Boots Group Finco LP(b)
|
|
|
|
|
5.38%, 08/31/32
|
EUR
|
465
|
534,742
|
|
7.38%, 08/31/32
|
GBP
|
205
|
269,472
|
|
CK Hutchison International 21 Ltd., 2.50%, 04/15/31(g)
|
USD
|
200
|
181,967
|
|
CK Hutchison International 23 Ltd.(g)
|
|
|
|
|
4.75%, 04/21/28
|
|
400
|
403,200
|
|
4.88%, 04/21/33
|
|
400
|
401,456
|
|
CK Hutchison International 24 Ltd., 5.50%, 04/26/34(g)
|
|
200
|
207,012
|
|
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
|
|
214
|
222,785
|
|
Performance Food Group, Inc.(b)
|
|
|
|
|
4.25%, 08/01/29
|
|
851
|
817,440
|
|
6.13%, 09/15/32
|
|
712
|
713,315
|
|
5.63%, 03/01/34
|
|
737
|
710,831
|
|
Simmons Foods, Inc./Simmons Prepared Foods,
Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%,
03/01/29(b)
|
|
275
|
264,656
|
|
U.S. Foods, Inc.(b)
|
|
|
|
|
6.88%, 09/15/28
|
|
132
|
134,911
|
|
4.75%, 02/15/29
|
|
595
|
587,089
|
|
7.25%, 01/15/32
|
|
338
|
349,752
|
|
United Natural Foods, Inc., 6.75%, 10/15/28(b)
|
|
259
|
259,204
|
|
Walmart, Inc., 5.25%, 09/01/35(f)
|
|
5,150
|
5,368,226
|
|
|
|
|
12,759,842
|
|
Containers & Packaging — 3.0%
|
|||
|
Ardagh Group SA
|
|
|
|
|
9.50%, 12/01/30(b)
|
|
781
|
819,027
|
|
(4.50% Cash + 7.50% PIK), 12.00%, 12/01/30(g)(h)
|
EUR
|
304
|
288,499
|
|
(5.50% Cash + 6.50% PIK), 12.00%, 12/01/30(b)(h)
|
USD
|
700
|
588,245
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh
Metal Packaging Finance PLC(b)
|
|
|
|
|
3.25%, 09/01/28
|
|
200
|
190,215
|
|
4.00%, 09/01/29(f)
|
|
2,600
|
2,380,824
|
|
6.25%, 01/30/31
|
|
406
|
402,514
|
|
Ball Corp.
|
|
|
|
|
3.13%, 09/15/31(f)
|
|
234
|
210,737
|
|
4.25%, 07/01/32
|
EUR
|
185
|
211,328
|
|
5.50%, 09/15/33(f)
|
USD
|
255
|
255,146
|
|
Canpack SA/Canpack U.S. LLC, 2.38%, 11/01/27(g)
|
EUR
|
200
|
224,112
|
|
Clydesdale Acquisition Holdings, Inc.(b)
|
|
|
|
|
6.63%, 04/15/29
|
USD
|
193
|
189,538
|
|
6.88%, 01/15/30
|
|
361
|
350,882
|
|
6.75%, 04/15/32
|
|
106
|
100,291
|
|
Crown Americas LLC, 5.88%, 06/01/33
|
|
753
|
752,652
|
|
Crown Americas LLC/Crown Americas Capital Corp. V,
4.25%, 09/30/26
|
|
224
|
223,144
|
|
International Paper Co.(f)
|
|
|
|
|
8.70%, 06/15/38
|
|
4,000
|
4,937,584
|
|
7.30%, 11/15/39
|
|
10,000
|
11,129,454
|
|
LABL, Inc.(b)
|
|
|
|
|
5.88%, 11/01/28(j)
|
|
428
|
205,440
|
|
9.50%, 11/01/28
|
|
771
|
370,080
|
|
8.63%, 10/01/31(j)
|
|
433
|
207,840
|
|
Mauser Packaging Solutions Holding Co.(b)
|
|
|
|
|
7.88%, 04/15/30(f)
|
|
5,124
|
5,124,000
|
|
9.25%, 04/15/30
|
|
207
|
192,338
|
|
Owens-Brockway Glass Container, Inc., 6.63%,
05/13/27(b)
|
|
59
|
59,122
|
|
Security
|
|
Par
(000)
|
Value
|
|
Containers & Packaging (continued)
|
|||
|
Sealed Air Corp.(b)
|
|
|
|
|
4.00%, 12/01/27
|
USD
|
205
|
$ 204,487
|
|
5.00%, 04/15/29
|
|
86
|
86,645
|
|
6.50%, 07/15/32
|
|
89
|
93,357
|
|
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%,
02/01/28(b)
|
|
121
|
122,516
|
|
Silgan Holdings, Inc., 4.25%, 02/15/31(b)
|
EUR
|
390
|
436,286
|
|
Trivium Packaging Finance BV(b)
|
|
|
|
|
6.63%, 07/15/30
|
|
110
|
127,768
|
|
8.25%, 07/15/30
|
USD
|
180
|
188,331
|
|
12.25%, 01/15/31
|
|
200
|
216,542
|
|
|
|
|
30,888,944
|
|
Distributors(b) — 0.1%
|
|||
|
American Builders & Contractors Supply Co., Inc.,
3.88%, 11/15/29
|
|
6
|
5,687
|
|
Gates Corp., 6.88%, 07/01/29
|
|
419
|
429,910
|
|
Resideo Funding, Inc.
|
|
|
|
|
4.00%, 09/01/29
|
|
97
|
91,669
|
|
6.50%, 07/15/32(f)
|
|
497
|
489,683
|
|
|
|
|
1,016,949
|
|
Diversified REITs — 2.2%
|
|||
|
American Tower Corp., 3.60%, 01/15/28
|
|
4,000
|
3,940,304
|
|
Crown Castle, Inc.
|
|
|
|
|
3.65%, 09/01/27(f)
|
|
8,000
|
7,904,256
|
|
4.15%, 07/01/50
|
|
820
|
614,013
|
|
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32
|
|
725
|
646,318
|
|
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
|
|
403
|
380,457
|
|
Iron Mountain, Inc.(b)
|
|
|
|
|
4.88%, 09/15/27(f)
|
|
606
|
604,830
|
|
5.63%, 07/15/32
|
|
493
|
478,590
|
|
6.25%, 01/15/33
|
|
326
|
324,957
|
|
4.75%, 01/15/34
|
EUR
|
700
|
752,876
|
|
Millrose Properties, Inc.(b)
|
|
|
|
|
6.38%, 08/01/30
|
USD
|
747
|
746,768
|
|
6.25%, 09/15/32
|
|
438
|
429,944
|
|
SBA Communications Corp., 3.13%, 02/01/29(f)
|
|
3,003
|
2,845,555
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital
LLC, 6.00%, 01/15/30(b)
|
|
153
|
143,908
|
|
VICI Properties LP, 5.13%, 05/15/32
|
|
3,155
|
3,109,124
|
|
|
|
|
22,921,900
|
|
Diversified Telecommunication Services — 8.3%
|
|||
|
APLD ComputeCo 2 LLC, 6.75%, 03/15/31(b)
|
|
983
|
975,843
|
|
APLD ComputeCo LLC, 9.25%, 12/15/30(b)
|
|
358
|
368,855
|
|
AT&T, Inc.
|
|
|
|
|
4.65%, 06/01/44
|
|
28
|
23,730
|
|
4.35%, 06/15/45
|
|
95
|
76,635
|
|
3.50%, 09/15/53(f)
|
|
15,960
|
10,465,553
|
|
Black Pearl Compute LLC, 6.13%, 02/15/31(b)
|
|
1,030
|
1,048,331
|
|
Cipher Compute LLC, 7.13%, 11/15/30(b)
|
|
629
|
651,662
|
|
Connect Finco SARL/Connect U.S. Finco LLC, 9.00%,
09/15/29(b)
|
|
317
|
333,021
|
|
EchoStar Corp.
|
|
|
|
|
(6.75% Cash or 6.75% PIK), 6.75%, 11/30/30(h)
|
|
2,631
|
2,656,464
|
|
10.75%, 11/30/29
|
|
1,571
|
1,696,781
|
|
Fibercop SpA, 6.00%, 09/30/34(b)
|
|
600
|
570,772
|
|
Flash Compute LLC, 7.25%, 12/31/30(b)
|
|
1,205
|
1,213,183
|
|
Frontier Communications Holdings LLC
|
|
|
|
|
5.00%, 05/01/28(b)
|
|
640
|
639,900
|
|
6.75%, 05/01/29(b)
|
|
146
|
146,183
|
|
5.88%, 11/01/29
|
|
268
|
269,384
|
|
Security
|
|
Par
(000)
|
Value
|
|
Diversified Telecommunication Services (continued)
|
|||
|
Frontier Communications Holdings LLC (continued)
|
|
|
|
|
6.00%, 01/15/30(b)
|
USD
|
358
|
$ 360,142
|
|
8.75%, 05/15/30(b)
|
|
2,617
|
2,685,267
|
|
Globe Telecom, Inc., (5-year CMT + 5.53%),
4.20%(a)(g)(i)
|
|
700
|
695,072
|
|
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(g)
|
|
200
|
199,124
|
|
Level 3 Financing, Inc.(b)
|
|
|
|
|
3.63%, 01/15/29
|
|
80
|
75,000
|
|
6.88%, 06/30/33
|
|
2,536
|
2,582,972
|
|
7.00%, 03/31/34
|
|
2,315
|
2,369,601
|
|
8.50%, 01/15/36
|
|
2,395
|
2,499,493
|
|
NTT Finance Corp., 3.68%, 07/16/33(g)
|
EUR
|
175
|
199,971
|
|
Sable International Finance Ltd., 7.13%, 10/15/32(b)
|
USD
|
639
|
628,845
|
|
Sprint Capital Corp.
|
|
|
|
|
6.88%, 11/15/28
|
|
3,063
|
3,238,537
|
|
8.75%, 03/15/32
|
|
2,041
|
2,426,892
|
|
SV RNO Property Owner 1 LLC, 5.88%, 03/01/31(b)
|
|
2,777
|
2,745,044
|
|
Telecom Italia Capital SA, 7.72%, 06/04/38
|
|
478
|
532,342
|
|
Telefonica Emisiones SA, 5.21%, 03/08/47(f)
|
|
5,000
|
4,341,693
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL
Capital LLC(b)
|
|
|
|
|
6.50%, 02/15/29
|
|
106
|
102,951
|
|
Series Feb, 8.63%, 06/15/32
|
|
979
|
997,098
|
|
Verizon Communications, Inc.(f)
|
|
|
|
|
6.40%, 09/15/33
|
|
9,475
|
10,281,638
|
|
6.55%, 09/15/43
|
|
13,225
|
14,171,444
|
|
5.01%, 04/15/49
|
|
6,998
|
6,163,737
|
|
Windstream Services LLC, 7.50%, 10/15/33(b)
|
|
501
|
520,865
|
|
Windstream Services LLC/Windstream Escrow Finance
Corp., 8.25%, 10/01/31(b)
|
|
1,232
|
1,287,633
|
|
WULF Compute LLC, 7.75%, 10/15/30(b)
|
|
1,116
|
1,179,255
|
|
Zayo Group Holdings, Inc.(b)(h)
|
|
|
|
|
(5.75% Cash and 0.50% PIK), 9.25%, 03/09/30
|
|
3,122
|
3,103,346
|
|
(7.13% Cash and 1.88% PIK), 13.75%, 09/09/30
|
|
496
|
462,889
|
|
|
|
|
84,987,148
|
|
Electric Utilities — 3.9%
|
|||
|
Alpha Generation LLC, 6.75%, 10/15/32(b)(f)
|
|
336
|
340,917
|
|
California Buyer Ltd./Atlantica Sustainable Infrastructure
PLC, 6.38%, 02/15/32(b)
|
|
286
|
279,443
|
|
Chugoku Electric Power Co., Inc., 5.74%, 01/14/35(g)
|
|
200
|
205,343
|
|
Constellation Energy Generation LLC, 5.00%,
02/01/31(b)
|
|
100
|
100,269
|
|
Continuum Energy Aura Pte. Ltd., 9.50%, 02/24/27(g)
|
|
200
|
201,188
|
|
ContourGlobal Power Holdings SA, 6.75%, 02/28/30(b)
|
|
600
|
606,744
|
|
Emera, Inc., Series 16-A, (3-mo. SOFR US + 5.7%),
6.75%, 06/15/76(a)
|
|
7,500
|
7,510,725
|
|
FirstEnergy Corp., 2.65%, 03/01/30
|
|
73
|
67,583
|
|
Hokkaido Electric Power Co., Inc., 4.59%, 09/04/30(g)
|
|
400
|
397,056
|
|
Minejesa Capital BV, 4.63%, 08/10/30(g)
|
|
130
|
127,853
|
|
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(g)
|
|
350
|
344,499
|
|
NextEra Energy Capital Holdings, Inc., (3-mo. SOFR US
+ 2.67%), 4.80%, 12/01/77(a)(f)
|
|
5,000
|
4,882,678
|
|
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42
|
|
2,750
|
2,608,098
|
|
Pacific Gas and Electric Co., 4.20%, 06/01/41
|
|
2,310
|
1,861,464
|
|
Pattern Energy Operations LP/Pattern Energy
Operations, Inc., 4.50%, 08/15/28(b)
|
|
150
|
146,468
|
|
Perusahaan Perseroan Persero PT Perusahaan Listrik
Negara(g)
|
|
|
|
|
3.00%, 06/30/30
|
|
350
|
318,063
|
|
1.88%, 11/05/31
|
EUR
|
200
|
203,168
|
|
PG&E Corp., 5.25%, 07/01/30
|
USD
|
226
|
223,015
|
|
Security
|
|
Par
(000)
|
Value
|
|
Electric Utilities (continued)
|
|||
|
Progress Energy, Inc., 7.00%, 10/30/31(f)
|
USD
|
12,000
|
$ 13,186,306
|
|
Star Energy Geothermal Darajat II/Star Energy
Geothermal Salak, 4.85%, 10/14/38(g)
|
|
200
|
186,200
|
|
State Grid Overseas Investment BVI Ltd., 3.50%,
05/04/27(g)
|
|
200
|
198,824
|
|
Talen Energy Supply LLC, 8.63%, 06/01/30(b)
|
|
76
|
79,730
|
|
Three Gorges Finance I Cayman Islands Ltd., 3.15%,
06/02/26(g)
|
|
200
|
199,636
|
|
TransAlta Corp., 5.88%, 02/01/34
|
|
269
|
267,190
|
|
Vistra Operations Co. LLC(b)
|
|
|
|
|
5.63%, 02/15/27
|
|
812
|
811,999
|
|
5.00%, 07/31/27
|
|
23
|
22,919
|
|
7.75%, 10/15/31
|
|
718
|
752,092
|
|
6.88%, 04/15/32
|
|
420
|
434,678
|
|
VoltaGrid LLC, 7.38%, 11/01/30(b)
|
|
1,670
|
1,724,791
|
|
XPLR Infrastructure Operating Partners LP(b)
|
|
|
|
|
8.38%, 01/15/31(f)
|
|
654
|
688,466
|
|
8.63%, 03/15/33
|
|
50
|
52,821
|
|
7.75%, 04/15/34
|
|
874
|
902,625
|
|
|
|
|
39,932,851
|
|
Electronic Equipment, Instruments & Components(b) — 0.6%
|
|||
|
Coherent Corp., 5.00%, 12/15/29(f)
|
|
487
|
477,661
|
|
Sensata Technologies, Inc.
|
|
|
|
|
4.38%, 02/15/30
|
|
2,150
|
2,056,117
|
|
3.75%, 02/15/31(f)
|
|
416
|
385,848
|
|
6.63%, 07/15/32
|
|
612
|
624,230
|
|
WESCO Distribution, Inc.
|
|
|
|
|
7.25%, 06/15/28
|
|
1,043
|
1,048,688
|
|
5.25%, 04/15/31
|
|
243
|
241,550
|
|
6.63%, 03/15/32
|
|
172
|
176,047
|
|
6.38%, 03/15/33
|
|
346
|
352,492
|
|
5.50%, 04/15/34
|
|
386
|
380,152
|
|
Zebra Technologies Corp., 6.50%, 06/01/32
|
|
166
|
167,131
|
|
|
|
|
5,909,916
|
|
Energy Equipment & Services — 0.6%
|
|||
|
Archrock Partners LP/Archrock Partners Finance
Corp.(b)
|
|
|
|
|
6.25%, 04/01/28
|
|
21
|
21,000
|
|
6.63%, 09/01/32
|
|
672
|
685,208
|
|
Archrock Services LP/Archrock Partners Finance Corp.,
6.00%, 02/01/34(b)
|
|
377
|
373,254
|
|
Enerflex, Inc., 6.88%, 01/15/31(b)
|
|
48
|
49,009
|
|
Kodiak Gas Services LLC(b)
|
|
|
|
|
7.25%, 02/15/29(f)
|
|
757
|
784,293
|
|
5.88%, 04/01/31
|
|
616
|
619,051
|
|
6.50%, 10/01/33
|
|
408
|
412,407
|
|
6.75%, 10/01/35(f)
|
|
383
|
389,094
|
|
Oceaneering International, Inc., 6.00%, 02/01/28
|
|
101
|
101,411
|
|
Star Holding LLC, 8.75%, 08/01/31(b)
|
|
366
|
371,320
|
|
Tidewater, Inc., 9.13%, 07/15/30(b)
|
|
266
|
283,378
|
|
USA Compression Partners LP/USA Compression
Finance Corp.(b)
|
|
|
|
|
7.13%, 03/15/29
|
|
526
|
538,191
|
|
6.25%, 10/01/33
|
|
724
|
721,723
|
|
Weatherford International Ltd., 6.75%, 10/15/33(b)
|
|
671
|
685,607
|
|
|
|
|
6,034,946
|
|
Entertainment — 1.6%
|
|||
|
Boyne USA, Inc., 4.75%, 05/15/29(b)
|
|
611
|
592,668
|
|
Brightstar Lottery PLC/Brightstar Global Solutions Corp.,
5.75%, 01/15/33(b)
|
|
290
|
281,902
|
|
Security
|
|
Par
(000)
|
Value
|
|
Entertainment (continued)
|
|||
|
Caesars Entertainment, Inc.(b)
|
|
|
|
|
4.63%, 10/15/29(f)
|
USD
|
360
|
$ 346,282
|
|
7.00%, 02/15/30(f)
|
|
2,677
|
2,710,061
|
|
6.50%, 02/15/32
|
|
782
|
772,896
|
|
Champion Path Holdings Ltd., 4.85%, 01/27/28(g)
|
|
500
|
478,355
|
|
Churchill Downs, Inc.(b)
|
|
|
|
|
4.75%, 01/15/28
|
|
730
|
720,158
|
|
5.75%, 04/01/30
|
|
1,506
|
1,489,378
|
|
6.75%, 05/01/31
|
|
560
|
570,529
|
|
Cinemark USA, Inc., 7.00%, 08/01/32(b)
|
|
109
|
111,996
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.28%, 03/15/32
|
|
35
|
30,975
|
|
5.05%, 03/15/42
|
|
108
|
71,151
|
|
Flutter Treasury DAC, 6.38%, 04/29/29(b)
|
|
224
|
228,040
|
|
Great Canadian Gaming Corp./Raptor LLC, 8.75%,
11/15/29(b)
|
|
346
|
337,560
|
|
Light & Wonder International, Inc.(b)
|
|
|
|
|
7.25%, 11/15/29
|
|
218
|
222,229
|
|
7.50%, 09/01/31(f)
|
|
309
|
317,127
|
|
6.25%, 10/01/33
|
|
5
|
4,899
|
|
Live Nation Entertainment, Inc.(b)
|
|
|
|
|
4.75%, 10/15/27(f)
|
|
425
|
422,358
|
|
3.75%, 01/15/28
|
|
155
|
151,161
|
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31(b)
|
|
600
|
500,743
|
|
Midwest Gaming Borrower LLC/Midwest Gaming
Finance Corp., 4.88%, 05/01/29(b)
|
|
313
|
303,553
|
|
Mohegan Tribal Gaming Authority/MS Digital
Entertainment Holdings LLC, 8.25%, 04/15/30(b)
|
|
333
|
340,902
|
|
Motion Bondco DAC, 6.63%, 11/15/27(b)
|
|
204
|
195,272
|
|
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.(b)
|
|
|
|
|
5.63%, 09/01/29
|
|
242
|
147,620
|
|
5.88%, 09/01/31
|
|
310
|
170,500
|
|
Rivers Enterprise Borrower LLC, 6.25%, 10/15/30(b)
|
|
181
|
180,543
|
|
Rivers Enterprise Borrower LLC/Rivers Enterprise
Finance Corp., 6.63%, 02/01/33(b)
|
|
221
|
219,336
|
|
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30(b)
|
|
336
|
289,051
|
|
Six Flags Entertainment Corp/Canada’s Wonderland
Co/Millennium Operations LLC, 8.63%, 01/15/32(b)
|
|
140
|
140,226
|
|
Starz Capital Holdings 1, Inc., 6.00%, 04/15/30(b)
|
|
388
|
355,990
|
|
Vail Resorts, Inc.(b)
|
|
|
|
|
5.63%, 07/15/30
|
|
265
|
262,808
|
|
6.50%, 05/15/32
|
|
518
|
523,838
|
|
Voyager Parent LLC, 9.25%, 07/01/32(b)
|
|
396
|
411,133
|
|
Wynn Resorts Finance LLC/Wynn Resorts Capital
Corp.(b)
|
|
|
|
|
5.13%, 10/01/29
|
|
1,236
|
1,220,020
|
|
7.13%, 02/15/31(f)
|
|
663
|
694,986
|
|
6.25%, 03/15/33
|
|
248
|
245,421
|
|
|
|
|
16,061,667
|
|
Environmental, Maintenance & Security Service(b) — 0.6%
|
|||
|
Clean Harbors, Inc.
|
|
|
|
|
5.13%, 07/15/29
|
|
1,142
|
1,127,978
|
|
6.38%, 02/01/31
|
|
100
|
101,558
|
|
GFL Environmental Holdings U.S., Inc., 5.50%,
02/01/34
|
|
675
|
662,037
|
|
GFL Environmental, Inc.
|
|
|
|
|
4.00%, 08/01/28
|
|
36
|
34,996
|
|
4.75%, 06/15/29
|
|
379
|
371,857
|
|
4.38%, 08/15/29
|
|
629
|
611,969
|
|
Security
|
|
Par
(000)
|
Value
|
|
Environmental, Maintenance & Security Service (continued)
|
|||
|
GFL Environmental, Inc. (continued)
|
|
|
|
|
6.75%, 01/15/31
|
USD
|
653
|
$ 675,742
|
|
Luna 15 SARL, (10.50% PIK), 10.50%, 07/01/32(h)
|
EUR
|
140
|
171,528
|
|
Madison IAQ LLC, 5.88%, 06/30/29(f)
|
USD
|
939
|
920,839
|
|
Reworld Holding Corp., 4.88%, 12/01/29
|
|
142
|
133,120
|
|
Waste Pro USA, Inc., 7.00%, 02/01/33
|
|
1,318
|
1,332,829
|
|
|
|
|
6,144,453
|
|
Financial Services — 5.6%
|
|||
|
Azorra Finance Ltd.(b)
|
|
|
|
|
7.75%, 04/15/30
|
|
223
|
229,851
|
|
7.25%, 01/15/31
|
|
147
|
148,424
|
|
6.25%, 02/15/34
|
|
144
|
133,838
|
|
Bank of America Corp.(a)(f)
|
|
|
|
|
(1-day SOFR + 1.83%), 4.57%, 04/27/33
|
|
9,380
|
9,215,994
|
|
(1-day SOFR + 1.99%), 6.20%, 11/10/28
|
|
3,090
|
3,174,337
|
|
BOC Aviation USA Corp., 5.25%, 01/14/30(g)
|
|
200
|
205,333
|
|
China Cinda 2020 I Management Ltd.(g)
|
|
|
|
|
3.25%, 01/28/27
|
|
200
|
198,002
|
|
3.00%, 03/18/27
|
|
200
|
197,169
|
|
CITIC Ltd., 3.70%, 06/14/26(g)
|
|
200
|
199,702
|
|
Citigroup, Inc.
|
|
|
|
|
6.68%, 09/13/43
|
|
4,125
|
4,410,495
|
|
(1-day SOFR + 2.66%), 6.17%, 05/25/34(a)
|
|
2,740
|
2,836,224
|
|
CMB International Leasing Management Ltd., (1-day
SOFR + 0.76%), 4.41%, 06/04/27(a)(g)
|
|
200
|
200,375
|
|
CrossCountry Intermediate HoldCo LLC(b)
|
|
|
|
|
6.50%, 10/01/30
|
|
72
|
68,626
|
|
6.75%, 12/01/32
|
|
16
|
15,055
|
|
CS Treasury Management Services P Ltd., 9.00%(b)(i)
|
|
107
|
106,788
|
|
Deutsche Bank AG, (1-day SOFR + 2.51%), 6.82%,
11/20/29(a)
|
|
3,975
|
4,173,622
|
|
Far East Horizon Ltd.(g)
|
|
|
|
|
6.63%, 04/16/27
|
|
290
|
291,813
|
|
5.88%, 03/05/28
|
|
200
|
199,250
|
|
Freedom Mortgage Holdings LLC(b)
|
|
|
|
|
6.88%, 05/01/31
|
|
90
|
84,142
|
|
9.13%, 05/15/31
|
|
298
|
302,917
|
|
8.38%, 04/01/32
|
|
42
|
41,315
|
|
GGAM Finance Ltd.(b)
|
|
|
|
|
8.00%, 06/15/28
|
|
202
|
209,647
|
|
6.88%, 04/15/29
|
|
462
|
472,277
|
|
5.88%, 03/15/30
|
|
286
|
284,928
|
|
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
|
|
542
|
549,967
|
|
Goldman Sachs Group, Inc., (1-day SOFR + 1.85%),
3.62%, 03/15/28(a)
|
|
1,830
|
1,815,415
|
|
HSBC Holdings PLC, (1-day SOFR + 1.57%), 5.23%,
05/13/31(a)
|
|
400
|
403,180
|
|
JIC Zhixin Ltd., 3.50%, 11/24/27(g)
|
|
200
|
197,822
|
|
JPMorgan Chase & Co., (1-day SOFR + 2.58%), 5.72%,
09/14/33(a)(f)
|
|
11,000
|
11,389,062
|
|
Manappuram Finance Ltd., 7.38%, 05/12/28(g)
|
|
200
|
200,970
|
|
Midcap Financial Issuer Trust(b)
|
|
|
|
|
6.50%, 05/01/28
|
|
200
|
194,077
|
|
5.63%, 01/15/30
|
|
600
|
559,116
|
|
Mitsubishi UFJ Financial Group, Inc., (1-day SOFR +
1.48%), 5.15%, 04/24/31(a)
|
|
400
|
406,414
|
|
Mizuho Financial Group, Inc., (1-day SOFR + 1.25%),
4.93%, 07/08/31(a)
|
|
275
|
277,358
|
|
Muangthai Capital PCL, 7.55%, 07/21/30(g)
|
|
475
|
470,250
|
|
Security
|
|
Par
(000)
|
Value
|
|
Financial Services (continued)
|
|||
|
PennyMac Financial Services, Inc.(b)
|
|
|
|
|
7.88%, 12/15/29(f)
|
USD
|
301
|
$ 307,913
|
|
7.13%, 11/15/30
|
|
307
|
305,089
|
|
6.88%, 05/15/32
|
|
262
|
252,828
|
|
6.75%, 02/15/34
|
|
148
|
138,504
|
|
Phoenix Aviation Capital Ltd., 9.25%, 07/15/30(b)
|
|
806
|
811,070
|
|
Power Finance Corp. Ltd., 3.75%, 12/06/27(g)
|
|
200
|
197,070
|
|
Rocket Cos., Inc.(b)
|
|
|
|
|
6.50%, 08/01/29
|
|
682
|
689,676
|
|
6.13%, 08/01/30
|
|
1,564
|
1,578,431
|
|
6.38%, 08/01/33
|
|
1,292
|
1,305,881
|
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer,
Inc.(b)
|
|
|
|
|
2.88%, 10/15/26(f)
|
|
121
|
119,691
|
|
3.88%, 03/01/31
|
|
157
|
144,876
|
|
4.00%, 10/15/33
|
|
45
|
40,337
|
|
Sammaan Capital Ltd., 7.50%, 10/16/30(g)
|
|
275
|
266,819
|
|
UniCredit SpA, (5-year CMT + 4.75%), 5.46%,
06/30/35(a)(b)(f)
|
|
6,135
|
6,123,946
|
|
UWM Holdings LLC(b)
|
|
|
|
|
6.63%, 02/01/30
|
|
560
|
528,176
|
|
6.25%, 03/15/31
|
|
345
|
314,187
|
|
|
|
|
56,988,249
|
|
Food Products — 1.7%
|
|||
|
Aramark Services, Inc., 5.00%, 02/01/28(b)
|
|
225
|
223,672
|
|
B&G Foods, Inc., 8.00%, 09/15/28(b)
|
|
127
|
125,058
|
|
Chobani Holdco II LLC, (8.75% in Cash or 9.50% in
PIK), 8.75%, 10/01/29(b)(h)
|
|
1,715
|
1,824,271
|
|
Chobani LLC/Chobani Finance Corp., Inc.(b)
|
|
|
|
|
4.63%, 11/15/28
|
|
640
|
629,137
|
|
7.63%, 07/01/29
|
|
1,660
|
1,696,283
|
|
Darling Global Finance BV, 4.50%, 07/15/32(b)
|
EUR
|
235
|
270,284
|
|
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(f)
|
USD
|
391
|
393,732
|
|
Fiesta Purchaser, Inc.(b)
|
|
|
|
|
7.88%, 03/01/31
|
|
28
|
28,506
|
|
9.63%, 09/15/32
|
|
119
|
121,198
|
|
General Mills, Inc., 4.20%, 04/17/28
|
|
620
|
616,770
|
|
Kraft Heinz Foods Co.
|
|
|
|
|
4.25%, 03/01/31
|
|
68
|
66,447
|
|
5.00%, 07/15/35
|
|
214
|
207,876
|
|
7.13%, 08/01/39(b)
|
|
4,415
|
4,823,131
|
|
4.63%, 10/01/39
|
|
100
|
88,163
|
|
5.00%, 06/04/42
|
|
12
|
10,552
|
|
4.38%, 06/01/46
|
|
158
|
123,531
|
|
5.50%, 06/01/50(f)
|
|
2,825
|
2,524,606
|
|
Lamb Weston Holdings, Inc.(b)
|
|
|
|
|
4.88%, 05/15/28
|
|
460
|
454,602
|
|
4.13%, 01/31/30(f)
|
|
515
|
490,304
|
|
4.38%, 01/31/32
|
|
643
|
597,316
|
|
Post Holdings, Inc.(b)
|
|
|
|
|
4.63%, 04/15/30(f)
|
|
434
|
416,642
|
|
4.50%, 09/15/31
|
|
72
|
66,946
|
|
6.25%, 02/15/32
|
|
158
|
159,634
|
|
6.38%, 03/01/33
|
|
113
|
111,321
|
|
6.25%, 10/15/34
|
|
438
|
428,892
|
|
6.50%, 03/15/36
|
|
605
|
592,489
|
|
|
|
|
17,091,363
|
|
Ground Transportation — 1.3%
|
|||
|
CSX Corp., 3.80%, 04/15/50
|
|
770
|
572,053
|
|
Security
|
|
Par
(000)
|
Value
|
|
Ground Transportation (continued)
|
|||
|
Genesee & Wyoming, Inc., 6.25%, 04/15/32(b)
|
USD
|
625
|
$ 632,469
|
|
Norfolk Southern Corp., 6.00%, 03/15/2105(f)
|
|
12,700
|
12,284,236
|
|
Watco Cos. LLC/Watco Finance Corp., 7.13%,
08/01/32(b)
|
|
289
|
296,807
|
|
|
|
|
13,785,565
|
|
Health Care Equipment & Supplies — 1.0%
|
|||
|
Avantor Funding, Inc.(b)
|
|
|
|
|
4.63%, 07/15/28(f)
|
|
2,191
|
2,138,446
|
|
3.88%, 11/01/29
|
|
395
|
370,586
|
|
Bausch & Lomb Corp., 8.38%, 10/01/28(b)
|
|
1,975
|
2,039,188
|
|
Hologic, Inc., 3.25%, 02/15/29(b)
|
|
18
|
17,969
|
|
Insulet Corp., 6.50%, 04/01/33(b)
|
|
314
|
320,500
|
|
Medline Borrower LP, 5.25%, 10/01/29(b)
|
|
3,037
|
3,010,254
|
|
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%,
04/01/29(b)
|
|
915
|
932,369
|
|
Medtronic, Inc., 4.63%, 03/15/45
|
|
647
|
576,914
|
|
Neogen Food Safety Corp., 8.63%, 07/20/30(b)
|
|
288
|
302,493
|
|
Teleflex, Inc., 4.25%, 06/01/28(b)(f)
|
|
637
|
619,420
|
|
|
|
|
10,328,139
|
|
Health Care Providers & Services — 3.9%
|
|||
|
Acadia Healthcare Co., Inc., 7.38%, 03/15/33(b)(f)
|
|
117
|
119,787
|
|
Aetna, Inc., 3.88%, 08/15/47
|
|
3,500
|
2,545,056
|
|
AHP Health Partners, Inc., 5.75%, 07/15/29(b)
|
|
609
|
602,254
|
|
Charles River Laboratories International, Inc., 4.00%,
03/15/31(b)
|
|
68
|
63,260
|
|
CHS/Community Health Systems, Inc.(b)
|
|
|
|
|
5.25%, 05/15/30(f)
|
|
762
|
718,172
|
|
4.75%, 02/15/31
|
|
384
|
354,019
|
|
10.88%, 01/15/32
|
|
388
|
416,270
|
|
9.75%, 01/15/34
|
|
2,090
|
2,169,144
|
|
Concentra Health Services, Inc., 6.88%, 07/15/32(b)
|
|
433
|
447,663
|
|
DaVita, Inc.(b)
|
|
|
|
|
6.88%, 09/01/32
|
|
129
|
132,151
|
|
6.75%, 07/15/33
|
|
75
|
76,287
|
|
Elevance Health, Inc., 4.55%, 03/01/48
|
|
5,000
|
4,133,221
|
|
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)(f)
|
|
88
|
83,398
|
|
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
|
|
186
|
162,948
|
|
HCA, Inc.
|
|
|
|
|
5.38%, 09/01/26
|
|
359
|
359,279
|
|
5.63%, 09/01/28
|
|
833
|
849,528
|
|
5.25%, 06/15/49
|
|
3,500
|
3,088,568
|
|
HealthEquity, Inc., 4.50%, 10/01/29(b)
|
|
1,134
|
1,097,130
|
|
IQVIA, Inc.(b)
|
|
|
|
|
5.00%, 10/15/26
|
|
354
|
353,617
|
|
5.00%, 05/15/27
|
|
200
|
199,244
|
|
6.25%, 06/01/32
|
|
1,163
|
1,181,016
|
|
LifePoint Health, Inc.(b)
|
|
|
|
|
9.88%, 08/15/30
|
|
184
|
194,582
|
|
11.00%, 10/15/30(f)
|
|
698
|
750,678
|
|
8.38%, 02/15/32
|
|
92
|
98,249
|
|
10.00%, 06/01/32(f)
|
|
446
|
455,469
|
|
Molina Healthcare, Inc.(b)
|
|
|
|
|
3.88%, 11/15/30
|
|
179
|
160,031
|
|
6.50%, 02/15/31
|
|
474
|
465,992
|
|
6.25%, 01/15/33
|
|
116
|
112,473
|
|
Option Care Health, Inc., 4.38%, 10/31/29(b)
|
|
461
|
444,311
|
|
Prime Healthcare Services, Inc., 9.38%, 09/01/29(b)
|
|
150
|
155,550
|
|
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
|
|
279
|
288,199
|
|
Star Parent, Inc., 9.00%, 10/01/30(b)
|
|
453
|
469,308
|
|
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)(f)
|
|
1,151
|
1,130,481
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Providers & Services (continued)
|
|||
|
Tenet Healthcare Corp.
|
|
|
|
|
6.13%, 06/15/30
|
USD
|
243
|
$ 244,580
|
|
6.75%, 05/15/31(f)
|
|
3,342
|
3,415,969
|
|
5.50%, 11/15/32(b)
|
|
351
|
347,763
|
|
6.00%, 11/15/33(b)
|
|
359
|
363,253
|
|
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)(f)
|
|
360
|
347,777
|
|
UnitedHealth Group, Inc., 6.88%, 02/15/38(f)
|
|
10,000
|
11,257,536
|
|
|
|
|
39,854,213
|
|
Health Care REITs(b) — 0.1%
|
|||
|
Diversified Healthcare Trust, 7.25%, 10/15/30
|
|
173
|
174,486
|
|
MPT Operating Partnership LP/MPT Finance Corp.,
8.50%, 02/15/32
|
|
1,071
|
1,085,793
|
|
|
|
|
1,260,279
|
|
Hotel & Resort REITs — 0.7%
|
|||
|
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
|
|
315
|
318,857
|
|
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%,
10/15/29(b)
|
|
159
|
159,288
|
|
RHP Hotel Properties LP/RHP Finance Corp.(b)
|
|
|
|
|
4.50%, 02/15/29(f)
|
|
1,704
|
1,651,851
|
|
6.50%, 04/01/32(f)
|
|
1,044
|
1,062,913
|
|
6.50%, 06/15/33
|
|
296
|
301,410
|
|
5.75%, 03/15/34
|
|
671
|
662,179
|
|
RLJ Lodging Trust LP, 4.00%, 09/15/29(b)
|
|
199
|
186,381
|
|
Service Properties Trust
|
|
|
|
|
0.00%, 09/30/28(b)(k)
|
|
340
|
309,330
|
|
8.63%, 11/15/31(b)
|
|
1,619
|
1,690,757
|
|
8.88%, 06/15/32(f)
|
|
268
|
265,625
|
|
XHR LP, 6.63%, 05/15/30(b)
|
|
154
|
155,479
|
|
|
|
|
6,764,070
|
|
Hotels, Restaurants & Leisure — 1.4%
|
|||
|
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc.(b)
|
|
|
|
|
3.88%, 01/15/28
|
|
1,128
|
1,102,596
|
|
4.38%, 01/15/28
|
|
2,509
|
2,473,853
|
|
5.63%, 09/15/29
|
|
166
|
166,362
|
|
4.00%, 10/15/30
|
|
176
|
165,427
|
|
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc.(b)
|
|
|
|
|
4.63%, 01/15/29
|
|
821
|
784,652
|
|
6.75%, 01/15/30(f)
|
|
228
|
212,964
|
|
Fortune Star BVI Ltd., 6.80%, 09/09/29(g)
|
|
200
|
188,985
|
|
Hilton Domestic Operating Co., Inc.(b)
|
|
|
|
|
6.13%, 04/01/32
|
|
324
|
328,861
|
|
5.88%, 03/15/33
|
|
882
|
887,385
|
|
5.75%, 09/15/33
|
|
195
|
194,120
|
|
5.50%, 03/31/34
|
|
311
|
303,840
|
|
Las Vegas Sands Corp.
|
|
|
|
|
3.50%, 08/18/26
|
|
96
|
95,490
|
|
3.90%, 08/08/29
|
|
88
|
84,790
|
|
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)
|
|
390
|
288,469
|
|
McDonald’s Corp., 4.20%, 04/01/50
|
|
480
|
378,313
|
|
Melco Resorts Finance Ltd.
|
|
|
|
|
5.75%, 07/21/28(g)
|
|
300
|
294,579
|
|
5.38%, 12/04/29(b)
|
|
586
|
561,828
|
|
7.63%, 04/17/32(b)
|
|
576
|
584,775
|
|
7.63%, 04/17/32(g)
|
|
200
|
203,047
|
|
MGM China Holdings Ltd.
|
|
|
|
|
5.88%, 05/15/26(g)
|
|
200
|
199,688
|
|
7.13%, 06/26/31(b)
|
|
200
|
204,100
|
|
Security
|
|
Par
(000)
|
Value
|
|
Hotels, Restaurants & Leisure (continued)
|
|||
|
MGM Resorts International, 6.13%, 09/15/29
|
USD
|
591
|
$ 594,502
|
|
Station Casinos LLC(b)
|
|
|
|
|
4.63%, 12/01/31
|
|
677
|
632,108
|
|
6.63%, 03/15/32
|
|
146
|
146,566
|
|
Studio City Co. Ltd., 7.00%, 02/15/27(g)
|
|
200
|
199,600
|
|
Studio City Finance Ltd.(g)
|
|
|
|
|
6.50%, 01/15/28
|
|
300
|
296,448
|
|
5.00%, 01/15/29
|
|
530
|
496,806
|
|
Wyndham Hotels & Resorts, Inc., 5.63%, 03/01/33(b)
|
|
180
|
177,116
|
|
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.,
5.25%, 05/15/27(b)
|
|
3
|
2,989
|
|
Wynn Macau Ltd.
|
|
|
|
|
5.63%, 08/26/28(b)
|
|
1,701
|
1,672,019
|
|
5.13%, 12/15/29(b)
|
|
614
|
587,015
|
|
6.75%, 02/15/34(g)
|
|
350
|
340,375
|
|
|
|
|
14,849,668
|
|
Household Durables — 0.7%
|
|||
|
Ashton Woods USA LLC/Ashton Woods Finance Co.,
6.88%, 08/01/33(b)
|
|
178
|
171,723
|
|
Beazer Homes USA, Inc., 5.88%, 10/15/27
|
|
72
|
71,652
|
|
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC, 4.88%, 02/15/30(b)
|
|
699
|
641,774
|
|
Central Garden & Pet Co., 4.13%, 10/15/30(f)
|
|
159
|
149,590
|
|
Century Communities, Inc., 6.63%, 09/15/33(b)
|
|
222
|
217,481
|
|
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
|
|
168
|
170,704
|
|
Empire Communities Corp., 9.75%, 05/01/29(b)
|
|
73
|
73,299
|
|
Installed Building Products, Inc., 5.63%, 02/01/34(b)
|
|
273
|
266,392
|
|
K Hovnanian Enterprises, Inc.(b)
|
|
|
|
|
8.00%, 04/01/31
|
|
427
|
422,169
|
|
8.38%, 10/01/33
|
|
370
|
365,890
|
|
Lennar Corp., 5.25%, 06/01/26
|
|
890
|
890,460
|
|
LGI Homes, Inc.(b)
|
|
|
|
|
8.75%, 12/15/28
|
|
183
|
187,233
|
|
7.00%, 11/15/32
|
|
334
|
309,694
|
|
Mattamy Group Corp.(b)
|
|
|
|
|
4.63%, 03/01/30
|
|
427
|
405,971
|
|
6.00%, 12/15/33
|
|
87
|
81,698
|
|
Meritage Homes Corp., 1.75%, 05/15/28(l)
|
|
545
|
524,835
|
|
Newell Brands, Inc.
|
|
|
|
|
8.50%, 06/01/28(b)
|
|
277
|
285,919
|
|
6.63%, 09/15/29
|
|
67
|
65,398
|
|
6.38%, 05/15/30
|
|
94
|
90,232
|
|
6.63%, 05/15/32
|
|
118
|
112,924
|
|
PulteGroup, Inc., 7.88%, 06/15/32
|
|
56
|
64,074
|
|
Risewell Homes, Inc.(b)
|
|
|
|
|
9.25%, 10/01/29
|
|
324
|
327,288
|
|
8.50%, 11/01/30
|
|
73
|
71,381
|
|
Scotts Miracle-Gro Co.
|
|
|
|
|
4.50%, 10/15/29
|
|
45
|
43,991
|
|
4.00%, 04/01/31
|
|
250
|
230,961
|
|
4.38%, 02/01/32
|
|
187
|
174,651
|
|
Sekisui House Ltd., 5.10%, 10/23/34(g)
|
|
200
|
196,342
|
|
Somnigroup International, Inc.(b)
|
|
|
|
|
4.00%, 04/15/29
|
|
563
|
541,410
|
|
3.88%, 10/15/31
|
|
9
|
8,182
|
|
STL Holding Co. LLC, 8.75%, 02/15/29(b)
|
|
171
|
176,666
|
|
Taylor Morrison Communities, Inc., 5.75%, 11/15/32(b)
|
|
269
|
269,235
|
|
Toll Brothers Finance Corp., 4.35%, 02/15/28
|
|
35
|
34,850
|
|
|
|
|
7,644,069
|
|
Independent Power and Renewable Electricity Producers — 1.0%
|
|||
|
Alexander Funding Trust II, 7.47%, 07/31/28(b)
|
|
520
|
547,529
|
|
Security
|
|
Par
(000)
|
Value
|
|
Independent Power and Renewable Electricity Producers (continued)
|
|||
|
Clearway Energy Operating LLC(b)
|
|
|
|
|
4.75%, 03/15/28
|
USD
|
592
|
$ 584,101
|
|
3.75%, 01/15/32
|
|
255
|
232,449
|
|
India Green Power Holdings, 4.00%, 02/22/27(g)
|
|
560
|
545,440
|
|
JERA Co., Inc., 3.67%, 04/14/27(g)
|
|
200
|
198,330
|
|
Lightning Power LLC, 7.25%, 08/15/32(b)
|
|
13
|
13,513
|
|
NRG Energy, Inc.(b)
|
|
|
|
|
5.75%, 07/15/29
|
|
555
|
554,171
|
|
6.00%, 02/01/33
|
|
1,028
|
1,028,262
|
|
5.75%, 01/15/34
|
|
778
|
767,438
|
|
6.25%, 11/01/34
|
|
1,193
|
1,202,511
|
|
6.00%, 01/15/36
|
|
2,075
|
2,056,132
|
|
ReNew Pvt Ltd., 5.88%, 03/05/27(g)
|
|
200
|
197,292
|
|
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other
9 Subsidiaries, 4.50%, 07/14/28(g)
|
|
550
|
518,203
|
|
San Miguel Global Power Holdings Corp.(a)(g)(i)
|
|
|
|
|
(5-year CMT + 6.40%), 8.13%
|
|
200
|
194,782
|
|
(5-year CMT + 7.73%), 8.75%
|
|
200
|
198,064
|
|
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(b)(i)
|
|
247
|
249,618
|
|
XPLR Infrastructure LP, 2.50%, 06/15/26(b)(l)
|
|
840
|
831,600
|
|
|
|
|
9,919,435
|
|
Industrial Conglomerates(b) — 0.1%
|
|||
|
Amsted Industries, Inc., 6.38%, 03/15/33
|
|
165
|
165,817
|
|
Avient Corp., 6.25%, 11/01/31
|
|
204
|
205,425
|
|
Axon Enterprise, Inc., 6.25%, 03/15/33
|
|
94
|
95,950
|
|
Enpro, Inc., 6.13%, 06/01/33
|
|
208
|
210,385
|
|
Entegris, Inc., 4.75%, 04/15/29
|
|
2
|
1,977
|
|
|
|
|
679,554
|
|
Insurance — 6.7%
|
|||
|
AIA Group Ltd., (5-year CMT + 1.76%), 2.70%(a)(g)(i)
|
|
200
|
199,782
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)
|
|
|
|
|
4.25%, 10/15/27
|
|
26
|
25,481
|
|
6.75%, 10/15/27(f)
|
|
222
|
221,831
|
|
6.75%, 04/15/28
|
|
356
|
357,940
|
|
5.88%, 11/01/29
|
|
2
|
1,935
|
|
7.00%, 01/15/31
|
|
1,283
|
1,293,921
|
|
6.50%, 10/01/31
|
|
57
|
55,971
|
|
7.38%, 10/01/32
|
|
1,090
|
1,079,592
|
|
Allstate Corp., Series B, (3-mo. CME Term SOFR +
3.20%), 6.85%, 08/15/53(a)(f)
|
|
5,000
|
4,998,626
|
|
AmWINS Group, Inc.(b)
|
|
|
|
|
6.38%, 02/15/29
|
|
236
|
237,367
|
|
4.88%, 06/30/29
|
|
380
|
364,026
|
|
Amynta Agency Borrower, Inc. and Amynta Warranty
Borrower, Inc., 7.50%, 07/15/33(b)
|
|
439
|
416,320
|
|
Aon Global Ltd., 4.25%, 12/12/42(f)
|
|
6,500
|
5,354,909
|
|
APH Somerset Investor 2 LLC/APH2 Somerset Investor
2 LLC/APH3 Somerset Investor 2 LLC, 7.88%,
11/01/29(b)
|
|
333
|
301,122
|
|
Ardonagh Finco Ltd., 7.75%, 02/15/31(b)
|
|
2,052
|
2,076,043
|
|
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)
|
|
1,967
|
1,927,193
|
|
Asurion LLC/Asurion Co-Issuer, Inc.(b)
|
|
|
|
|
8.00%, 12/31/32
|
|
1,183
|
1,227,301
|
|
8.38%, 02/01/34
|
|
1,039
|
1,008,726
|
|
Farmers Exchange Capital II, (3-mo. CME Term SOFR +
4.01%), 6.15%, 11/01/53(a)(b)(f)
|
|
4,890
|
4,760,068
|
|
Fubon Life Singapore Pte. Ltd., 5.45%, 12/10/35(g)
|
|
400
|
393,624
|
|
FWD Group Holdings Ltd., 7.64%, 07/02/31(g)
|
|
400
|
435,304
|
|
Guoren Property & Casualty Insurance Co. Ltd., 3.35%,
06/01/26(g)
|
|
200
|
199,114
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
Howden U.K. Refinance PLC/Howden U.K. Refinance
2 PLC/Howden U.S. Refinance LLC(b)
|
|
|
|
|
7.25%, 02/15/31
|
USD
|
2,166
|
$ 2,184,240
|
|
8.13%, 02/15/32
|
|
1,364
|
1,278,000
|
|
HUB International Ltd.(b)
|
|
|
|
|
7.25%, 06/15/30
|
|
4,769
|
4,885,383
|
|
7.38%, 01/31/32(f)
|
|
5,376
|
5,483,321
|
|
Jones Deslauriers Insurance Management, Inc.(b)
|
|
|
|
|
8.50%, 03/15/30
|
|
816
|
829,405
|
|
6.88%, 10/01/33
|
|
399
|
365,013
|
|
Meiji Yasuda Life Insurance Co.(a)(g)
|
|
|
|
|
(5-year CMT + 2.91%), 6.10%, 06/11/55
|
|
600
|
600,548
|
|
(5-year CMT + 3.03%), 5.80%, 09/11/54
|
|
350
|
345,927
|
|
Nanshan Life Pte. Ltd.(g)
|
|
|
|
|
5.45%, 09/11/34
|
|
200
|
193,090
|
|
(5-year CMT + 1.85%), 5.88%, 03/17/41(a)
|
|
200
|
193,952
|
|
Nippon Life Insurance Co., (5-year CMT + 3.19%),
6.50%, 04/30/55(a)(b)(f)
|
|
7,195
|
7,418,592
|
|
Northwestern Mutual Life Insurance Co., 6.06%,
03/30/40(b)(f)
|
|
12,000
|
12,441,062
|
|
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)
|
|
3,484
|
3,495,703
|
|
RLGH Finance Bermuda Ltd., 6.75%, 07/02/35(g)
|
|
275
|
282,893
|
|
Ryan Specialty LLC(b)
|
|
|
|
|
4.38%, 02/01/30
|
|
226
|
218,942
|
|
5.88%, 08/01/32
|
|
373
|
368,660
|
|
Tongyang Life Insurance Co. Ltd., (5-year CMT +
2.40%), 6.25%, 05/07/35(a)(g)
|
|
400
|
411,520
|
|
USI, Inc., 7.50%, 01/15/32(b)
|
|
875
|
886,514
|
|
|
|
|
68,818,961
|
|
Interactive Media & Services — 2.2%
|
|||
|
Baidu, Inc., 1.63%, 02/23/27
|
|
200
|
195,194
|
|
Beignet Investor LLC, 6.58%, 05/30/49(b)(f)
|
|
15,385
|
15,818,182
|
|
ION Platform Finance U.S., Inc./ION Platform Finance
SARL(b)
|
|
|
|
|
4.63%, 05/01/28
|
|
125
|
116,565
|
|
5.00%, 05/01/28
|
|
610
|
569,769
|
|
8.75%, 05/01/29
|
|
219
|
203,660
|
|
Netflix, Inc.
|
|
|
|
|
5.88%, 11/15/28(f)
|
|
1,698
|
1,766,535
|
|
5.38%, 11/15/29(b)(f)
|
|
2,007
|
2,072,762
|
|
4.88%, 06/15/30(b)
|
|
461
|
467,586
|
|
Prosus NV, 4.34%, 07/15/35(g)
|
EUR
|
150
|
169,465
|
|
Snap, Inc.(b)
|
|
|
|
|
6.88%, 03/01/33(f)
|
USD
|
366
|
345,603
|
|
6.88%, 03/15/34
|
|
348
|
327,318
|
|
Tencent Holdings Ltd.(g)
|
|
|
|
|
3.60%, 01/19/28
|
|
200
|
198,116
|
|
3.68%, 04/22/41(f)
|
|
200
|
170,442
|
|
|
|
|
22,421,197
|
|
Internet Software & Services — 0.5%
|
|||
|
Alibaba Group Holding Ltd., 2.70%, 02/09/41
|
|
200
|
147,036
|
|
Booking Holdings, Inc., 3.55%, 03/15/28
|
|
3,375
|
3,331,331
|
|
Getty Images, Inc.(b)
|
|
|
|
|
11.25%, 02/21/30
|
|
57
|
51,334
|
|
10.50%, 11/15/30
|
|
154
|
138,110
|
|
Match Group Holdings II LLC(b)
|
|
|
|
|
4.13%, 08/01/30
|
|
383
|
354,938
|
|
3.63%, 10/01/31(f)
|
|
279
|
248,055
|
|
Security
|
|
Par
(000)
|
Value
|
|
Internet Software & Services (continued)
|
|||
|
Match Group Holdings II LLC(b) (continued)
|
|
|
|
|
6.13%, 09/15/33
|
USD
|
444
|
$ 431,485
|
|
Rakuten Group, Inc.
|
|
|
|
|
9.75%, 04/15/29(b)
|
|
522
|
556,242
|
|
9.75%, 04/15/29(g)
|
|
200
|
213,120
|
|
|
|
|
5,471,651
|
|
IT Services — 0.4%
|
|||
|
Amentum Holdings, Inc., 7.25%, 08/01/32(b)(f)
|
|
122
|
126,247
|
|
CACI International, Inc., 6.38%, 06/15/33(b)
|
|
481
|
489,622
|
|
CoreWeave, Inc., 9.25%, 06/01/30(b)(f)
|
|
449
|
436,275
|
|
Fair Isaac Corp.(b)
|
|
|
|
|
4.00%, 06/15/28
|
|
393
|
381,377
|
|
6.00%, 05/15/33
|
|
1,024
|
1,004,771
|
|
Fortress Intermediate 3, Inc., 7.50%, 06/01/31(b)(f)
|
|
371
|
368,718
|
|
KBR, Inc., 4.75%, 09/30/28(b)
|
|
93
|
90,938
|
|
McAfee Corp., 7.38%, 02/15/30(b)(f)
|
|
324
|
267,686
|
|
Science Applications International Corp., 5.88%,
11/01/33(b)
|
|
303
|
295,689
|
|
Wipro IT Services LLC, 1.50%, 06/23/26(g)
|
|
200
|
198,534
|
|
|
|
|
3,659,857
|
|
Leisure Products — 0.7%
|
|||
|
Acushnet Co., 5.63%, 12/01/33(b)
|
|
137
|
135,940
|
|
Carnival Corp.(b)
|
|
|
|
|
5.88%, 06/15/31
|
|
350
|
354,302
|
|
5.75%, 08/01/32
|
|
602
|
601,804
|
|
6.13%, 02/15/33
|
|
933
|
942,353
|
|
Carnival PLC, 4.13%, 07/15/31(b)
|
EUR
|
286
|
321,859
|
|
Lindblad Expeditions LLC, 7.00%, 09/15/30(b)
|
USD
|
417
|
425,753
|
|
Mattel, Inc., 3.75%, 04/01/29(b)
|
|
122
|
117,987
|
|
NCL Corp. Ltd.(b)
|
|
|
|
|
5.88%, 01/15/31
|
|
181
|
175,854
|
|
6.75%, 02/01/32
|
|
191
|
189,551
|
|
6.25%, 09/15/33
|
|
833
|
808,292
|
|
Sabre Financial Borrower LLC, 11.13%, 06/15/29(b)
|
|
911
|
932,247
|
|
Sunny Express Enterprises Corp., 2.95%, 03/01/27(g)
|
|
200
|
197,720
|
|
Viking Cruises Ltd.(b)
|
|
|
|
|
7.00%, 02/15/29
|
|
74
|
74,136
|
|
9.13%, 07/15/31
|
|
1,253
|
1,321,846
|
|
5.88%, 10/15/33
|
|
691
|
682,233
|
|
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)
|
|
283
|
282,573
|
|
|
|
|
7,564,450
|
|
Machinery — 0.5%
|
|||
|
BWX Technologies, Inc., 4.13%, 06/30/28(b)
|
|
70
|
68,062
|
|
Chart Industries, Inc.(b)
|
|
|
|
|
7.50%, 01/01/30
|
|
594
|
617,111
|
|
9.50%, 01/01/31
|
|
93
|
97,696
|
|
Columbus McKinnon Corp., 7.13%, 02/01/33(b)
|
|
251
|
250,885
|
|
Esab Corp.(b)
|
|
|
|
|
6.25%, 04/15/29
|
|
405
|
411,034
|
|
5.63%, 04/01/31
|
|
645
|
649,521
|
|
GrafTech Global Enterprises, Inc., 9.88%, 12/23/29(b)(f)
|
|
200
|
127,739
|
|
Lsf12 Helix Parent LLC, 7.13%, 02/01/33(b)
|
|
478
|
460,030
|
|
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
|
|
177
|
184,837
|
|
Regal Rexnord Corp., 6.40%, 04/15/33(f)
|
|
510
|
539,065
|
|
Terex Corp.(b)
|
|
|
|
|
5.00%, 05/15/29
|
|
399
|
393,097
|
|
Security
|
|
Par
(000)
|
Value
|
|
Machinery (continued)
|
|||
|
Terex Corp.(b) (continued)
|
|
|
|
|
6.25%, 10/15/32(f)
|
USD
|
467
|
$ 470,044
|
|
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)
|
|
621
|
619,377
|
|
|
|
|
4,888,498
|
|
Media — 5.7%
|
|||
|
Block Communications, Inc., 10.25%, 03/01/31(b)
|
|
101
|
92,409
|
|
Cable One, Inc., 1.13%, 03/15/28(l)
|
|
79
|
59,408
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
5.38%, 06/01/29(b)
|
|
131
|
129,199
|
|
6.38%, 09/01/29(b)(f)
|
|
7,991
|
8,015,524
|
|
4.75%, 03/01/30(b)
|
|
160
|
151,820
|
|
4.50%, 08/15/30(b)(f)
|
|
113
|
105,596
|
|
4.25%, 02/01/31(b)
|
|
1,760
|
1,604,160
|
|
4.75%, 02/01/32(b)
|
|
668
|
603,984
|
|
4.50%, 05/01/32
|
|
37
|
33,051
|
|
7.00%, 02/01/33(b)
|
|
409
|
410,127
|
|
4.50%, 06/01/33(b)
|
|
648
|
564,164
|
|
4.25%, 01/15/34(b)(f)
|
|
953
|
815,285
|
|
7.38%, 02/01/36(b)
|
|
1,244
|
1,238,833
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
|
|
|
6.38%, 10/23/35
|
|
479
|
486,417
|
|
6.48%, 10/23/45(f)
|
|
9,584
|
8,836,113
|
|
5.38%, 05/01/47
|
|
1,500
|
1,207,032
|
|
6.83%, 10/23/55
|
|
3,540
|
3,332,550
|
|
Cox Communications, Inc., 8.38%, 03/01/39(b)(f)
|
|
5,000
|
5,692,155
|
|
CSC Holdings LLC(b)
|
|
|
|
|
5.50%, 04/15/27
|
|
202
|
175,214
|
|
5.38%, 02/01/28
|
|
877
|
648,586
|
|
11.25%, 05/15/28
|
|
1,489
|
1,216,727
|
|
11.75%, 01/31/29
|
|
634
|
458,474
|
|
Directv Financing LLC, 8.88%, 02/01/30(b)
|
|
625
|
623,610
|
|
Directv Financing LLC/Directv Financing Co-Obligor,
Inc.(b)
|
|
|
|
|
5.88%, 08/15/27
|
|
533
|
532,438
|
|
10.00%, 02/15/31
|
|
1,537
|
1,569,015
|
|
Discovery Communications LLC
|
|
|
|
|
3.95%, 03/20/28
|
|
290
|
284,113
|
|
4.88%, 04/01/43
|
|
4,000
|
2,500,960
|
|
DISH DBS Corp.(b)
|
|
|
|
|
5.25%, 12/01/26
|
|
1,441
|
1,428,641
|
|
5.75%, 12/01/28
|
|
907
|
877,244
|
|
DISH Network Corp., 11.75%, 11/15/27(b)
|
|
2,210
|
2,276,841
|
|
Gray Media, Inc.(b)
|
|
|
|
|
10.50%, 07/15/29(f)
|
|
102
|
108,390
|
|
9.63%, 07/15/32
|
|
741
|
740,953
|
|
7.25%, 08/15/33
|
|
680
|
685,216
|
|
LCPR Senior Secured Financing DAC, 6.75%,
10/15/27(b)
|
|
593
|
395,641
|
|
Midcontinent Communications, 8.00%, 08/15/32(b)
|
|
130
|
121,076
|
|
Paramount Global, 5.85%, 09/01/43
|
|
1,300
|
902,547
|
|
Sinclair Television Group, Inc., 8.13%, 02/15/33(b)
|
|
875
|
889,494
|
|
Sirius XM Radio LLC, 5.00%, 08/01/27(b)
|
|
570
|
569,204
|
|
Sunrise FinCo I BV, 4.88%, 07/15/31(b)
|
|
768
|
731,167
|
|
Telenet Finance Luxembourg Notes SARL, 5.50%,
03/01/28(b)
|
|
1,000
|
981,313
|
|
Time Warner Cable LLC, 6.55%, 05/01/37
|
|
3,519
|
3,547,841
|
|
Univision Communications, Inc.(b)
|
|
|
|
|
8.00%, 08/15/28
|
|
1,187
|
1,204,796
|
|
Security
|
|
Par
(000)
|
Value
|
|
Media (continued)
|
|||
|
Univision Communications, Inc.(b) (continued)
|
|
|
|
|
8.50%, 07/31/31
|
USD
|
674
|
$ 677,289
|
|
9.38%, 08/01/32
|
|
148
|
152,531
|
|
Versant Media Group, Inc., 7.25%, 01/30/31(b)
|
|
9
|
9,211
|
|
Ziggo BV, 4.88%, 01/15/30(b)
|
|
465
|
434,256
|
|
|
|
|
58,120,615
|
|
Metals & Mining — 2.3%
|
|||
|
ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28(g)
|
|
306
|
308,323
|
|
Advanced Drainage Systems, Inc., 6.38%, 06/15/30(b)
|
|
724
|
730,290
|
|
Arsenal AIC Parent LLC(b)
|
|
|
|
|
8.00%, 10/01/30
|
|
268
|
279,033
|
|
11.50%, 10/01/31
|
|
1,244
|
1,344,144
|
|
Big River Steel LLC/BRS Finance Corp., 6.63%,
01/31/29(b)
|
|
2,424
|
2,418,390
|
|
Carpenter Technology Corp., 5.63%, 03/01/34(b)
|
|
363
|
359,656
|
|
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26(g)
|
|
200
|
199,190
|
|
Cleveland-Cliffs, Inc., 6.88%, 11/01/29(b)
|
|
486
|
485,957
|
|
Commercial Metals Co.(b)
|
|
|
|
|
5.75%, 11/15/33
|
|
418
|
413,605
|
|
6.00%, 12/15/35
|
|
431
|
424,899
|
|
Constellium SE(b)
|
|
|
|
|
3.75%, 04/15/29
|
|
1,731
|
1,650,966
|
|
6.38%, 08/15/32
|
|
446
|
450,835
|
|
ERO Copper Corp., 6.50%, 02/15/30(b)
|
|
90
|
89,090
|
|
First Quantum Minerals Ltd.(b)
|
|
|
|
|
8.00%, 03/01/33
|
|
259
|
267,591
|
|
7.25%, 02/15/34
|
|
240
|
242,981
|
|
6.38%, 02/15/36
|
|
961
|
919,490
|
|
JSW Steel Ltd., 3.95%, 04/05/27(g)
|
|
500
|
490,250
|
|
Kaiser Aluminum Corp.(b)
|
|
|
|
|
4.50%, 06/01/31
|
|
1,099
|
1,038,266
|
|
5.88%, 03/01/34
|
|
544
|
534,136
|
|
New Gold, Inc., 6.88%, 04/01/32(b)
|
|
409
|
422,725
|
|
Novelis Corp.(b)
|
|
|
|
|
4.75%, 01/30/30(f)
|
|
2,401
|
2,262,942
|
|
6.88%, 01/30/30
|
|
597
|
602,177
|
|
3.88%, 08/15/31
|
|
1,056
|
940,526
|
|
6.38%, 08/15/33
|
|
869
|
852,396
|
|
Periama Holdings LLC, 5.95%, 04/19/26(g)
|
|
200
|
199,694
|
|
Southern Copper Corp., 5.88%, 04/23/45(f)
|
|
3,870
|
3,807,616
|
|
Steel Dynamics, Inc., 3.25%, 10/15/50
|
|
1,145
|
747,445
|
|
Vallourec SACA, 7.50%, 04/15/32(b)
|
|
404
|
423,397
|
|
Vedanta Resources Finance II PLC(g)
|
|
|
|
|
10.88%, 09/17/29
|
|
300
|
314,100
|
|
11.25%, 12/03/31
|
|
200
|
212,812
|
|
|
|
|
23,432,922
|
|
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.1%
|
|||
|
Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27
|
|
368
|
361,695
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
7.25%, 04/01/29
|
|
250
|
257,407
|
|
6.00%, 04/15/30
|
|
116
|
115,775
|
|
6.50%, 07/01/30
|
|
217
|
221,615
|
|
6.50%, 10/15/30
|
|
314
|
318,463
|
|
|
|
|
1,274,955
|
|
Multi-Utilities — 0.0%
|
|||
|
AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%,
06/01/30(b)
|
|
161
|
170,566
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels — 11.1%
|
|||
|
Aethon United BR LP/Aethon United Finance Corp.,
7.50%, 10/01/29(b)
|
USD
|
508
|
$ 529,826
|
|
Antero Midstream Partners LP/Antero Midstream
Finance Corp.(b)
|
|
|
|
|
5.75%, 01/15/28
|
|
127
|
126,999
|
|
5.38%, 06/15/29
|
|
1,095
|
1,091,489
|
|
6.63%, 02/01/32
|
|
417
|
426,190
|
|
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
|
|
|
|
|
9.00%, 11/01/27
|
|
161
|
187,966
|
|
6.63%, 07/15/33
|
|
221
|
224,795
|
|
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
|
|
|
|
|
7.00%, 07/15/29
|
|
321
|
331,616
|
|
7.25%, 07/15/32
|
|
258
|
268,006
|
|
Buckeye Partners LP
|
|
|
|
|
6.88%, 07/01/29(b)
|
|
29
|
29,848
|
|
6.75%, 02/01/30(b)
|
|
116
|
119,713
|
|
5.85%, 11/15/43
|
|
383
|
346,654
|
|
5.60%, 10/15/44
|
|
191
|
167,463
|
|
California Resources Corp., 7.00%, 01/15/34(b)
|
|
156
|
157,273
|
|
Caturus Energy LLC, 8.50%, 02/15/30(b)
|
|
837
|
868,484
|
|
Chord Energy Corp., 6.75%, 03/15/33(b)
|
|
147
|
151,769
|
|
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
|
|
733
|
756,957
|
|
CNOOC Finance 2014 ULC, Series 2014, 4.88%,
04/30/44
|
|
250
|
243,828
|
|
CNX Resources Corp.(b)
|
|
|
|
|
7.25%, 03/01/32
|
|
152
|
156,629
|
|
5.88%, 03/01/34
|
|
363
|
353,517
|
|
Comstock Resources, Inc.(b)
|
|
|
|
|
6.75%, 03/01/29
|
|
649
|
640,805
|
|
5.88%, 01/15/30
|
|
678
|
656,012
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)
|
|
2,468
|
2,406,899
|
|
Crescent Energy Finance LLC(b)
|
|
|
|
|
7.75%, 07/31/29
|
|
154
|
155,155
|
|
9.75%, 10/15/30(f)
|
|
76
|
81,320
|
|
7.63%, 04/01/32(f)
|
|
109
|
110,616
|
|
7.38%, 01/15/33
|
|
361
|
360,910
|
|
8.38%, 01/15/34
|
|
54
|
56,452
|
|
CVR Energy, Inc.(b)
|
|
|
|
|
7.50%, 02/15/31
|
|
157
|
158,172
|
|
7.88%, 02/15/34
|
|
105
|
105,368
|
|
DBR Land Holdings LLC, 6.25%, 12/01/30(b)
|
|
223
|
225,785
|
|
Delek Logistics Partners LP/Delek Logistics Finance
Corp., 7.38%, 06/30/33(b)
|
|
378
|
381,125
|
|
Devon Energy Corp.
|
|
|
|
|
5.25%, 10/15/27
|
|
130
|
130,050
|
|
5.88%, 06/15/28
|
|
204
|
204,092
|
|
4.50%, 01/15/30
|
|
117
|
116,627
|
|
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
|
|
66
|
69,725
|
|
Diamondback Energy, Inc.
|
|
|
|
|
3.50%, 12/01/29
|
|
692
|
667,716
|
|
6.25%, 03/15/33
|
|
2,880
|
3,072,901
|
|
Enbridge, Inc.
|
|
|
|
|
6.70%, 11/15/53(f)
|
|
5,595
|
6,071,896
|
|
(3-mo. CME Term SOFR + 3.90%), 6.25%,
03/01/78(a)
|
|
5,000
|
5,001,956
|
|
Series 2016-A, (3-mo. CME Term SOFR + 4.15%),
6.00%, 01/15/77(a)
|
|
5,880
|
5,881,388
|
|
Energy Transfer LP
|
|
|
|
|
5.50%, 06/01/27(f)
|
|
406
|
409,762
|
|
7.38%, 02/01/31(b)
|
|
417
|
432,518
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Energy Transfer LP (continued)
|
|
|
|
|
6.13%, 12/15/45
|
USD
|
3,579
|
$ 3,496,877
|
|
Series B, (3-mo. CME Term SOFR + 4.42%),
6.63%(a)(i)
|
|
5,000
|
4,983,190
|
|
Series H, (5-year CMT + 5.69%), 6.50%(a)(i)
|
|
121
|
120,757
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.90%, 05/15/46(f)
|
|
5,375
|
4,805,347
|
|
Series E, (3-mo. CME Term SOFR + 3.29%), 5.25%,
08/16/77(a)
|
|
4,800
|
4,757,201
|
|
EQT Corp.
|
|
|
|
|
7.50%, 06/01/30
|
|
141
|
153,546
|
|
4.75%, 01/15/31
|
|
802
|
797,777
|
|
Exxon Mobil Corp., 3.45%, 04/15/51(f)
|
|
3,890
|
2,770,765
|
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
|
8.00%, 05/15/33
|
|
64
|
66,131
|
|
6.75%, 03/15/34
|
|
665
|
661,858
|
|
Global Partners LP/GLP Finance Corp., 7.13%,
07/01/33(b)
|
|
162
|
163,322
|
|
Gulfport Energy Operating Corp., 6.75%, 09/01/29(b)
|
|
243
|
248,521
|
|
Harvest Midstream I LP, 7.50%, 05/15/32(b)
|
|
158
|
161,045
|
|
Hess Midstream Operations LP(b)
|
|
|
|
|
6.50%, 06/01/29
|
|
393
|
401,459
|
|
4.25%, 02/15/30
|
|
144
|
138,375
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
|
|
|
|
|
6.25%, 11/01/28
|
|
238
|
238,477
|
|
5.75%, 02/01/29
|
|
199
|
196,216
|
|
6.00%, 04/15/30
|
|
32
|
31,148
|
|
6.25%, 04/15/32
|
|
20
|
19,357
|
|
8.38%, 11/01/33
|
|
287
|
299,436
|
|
6.88%, 05/15/34
|
|
321
|
313,614
|
|
7.25%, 02/15/35
|
|
108
|
107,667
|
|
Howard Midstream Energy Partners LLC(b)
|
|
|
|
|
7.38%, 07/15/32
|
|
37
|
38,260
|
|
6.63%, 01/15/34(f)
|
|
396
|
397,506
|
|
Infinity Natural Resources LLC, 7.63%, 04/01/31(b)
|
|
247
|
248,304
|
|
ITT Holdings LLC, 6.50%, 08/01/29(b)(f)
|
|
1,137
|
1,105,549
|
|
Kinder Morgan, Inc.
|
|
|
|
|
7.80%, 08/01/31
|
|
197
|
224,732
|
|
7.75%, 01/15/32(f)
|
|
4,586
|
5,258,308
|
|
Kinetik Holdings LP(b)
|
|
|
|
|
6.63%, 12/15/28
|
|
83
|
84,405
|
|
5.88%, 06/15/30
|
|
18
|
18,066
|
|
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas
Finance Corp., 6.88%, 12/01/32(b)
|
|
187
|
192,451
|
|
Marathon Petroleum Corp., 5.13%, 12/15/26
|
|
937
|
940,092
|
|
Matador Resources Co.(b)
|
|
|
|
|
6.50%, 04/15/32
|
|
437
|
441,759
|
|
6.00%, 04/15/34
|
|
318
|
315,989
|
|
Medco Laurel Tree Pte Ltd., 6.95%, 11/12/28(g)
|
|
400
|
398,107
|
|
MPLX LP
|
|
|
|
|
5.20%, 03/01/47
|
|
3,500
|
3,092,219
|
|
4.70%, 04/15/48(f)
|
|
5,000
|
4,064,008
|
|
5.50%, 02/15/49
|
|
2,640
|
2,386,110
|
|
5.65%, 03/01/53
|
|
885
|
808,404
|
|
Murphy Oil Corp., 5.88%, 12/01/42
|
|
47
|
39,883
|
|
Nabors Industries, Inc., 7.63%, 11/15/32(b)
|
|
217
|
222,132
|
|
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)
|
|
|
|
|
8.13%, 02/15/29(f)
|
|
508
|
523,315
|
|
8.38%, 02/15/32
|
|
671
|
691,495
|
|
NGPL PipeCo LLC, 7.77%, 12/15/37(b)
|
|
1,117
|
1,293,433
|
|
Noble Finance II LLC, 8.00%, 04/15/30(b)
|
|
93
|
95,752
|
|
Northern Oil & Gas, Inc., 7.88%, 10/15/33(b)
|
|
484
|
500,772
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
|
USD
|
244
|
$ 244,720
|
|
Occidental Petroleum Corp., 6.20%, 03/15/40
|
|
568
|
580,118
|
|
ONEOK, Inc., 4.85%, 07/15/26
|
|
35
|
35,008
|
|
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
|
|
211
|
216,678
|
|
Permian Resources Operating LLC(b)
|
|
|
|
|
8.00%, 04/15/27
|
|
444
|
444,379
|
|
5.88%, 07/01/29
|
|
1,002
|
1,003,143
|
|
7.00%, 01/15/32(f)
|
|
321
|
332,394
|
|
6.25%, 02/01/33
|
|
781
|
795,555
|
|
Pertamina Hulu Energi PT, 5.25%, 05/21/30(g)
|
|
300
|
301,272
|
|
Pertamina Persero PT, 2.30%, 02/09/31(g)
|
|
200
|
175,600
|
|
Petroleos Mexicanos, 6.70%, 02/16/32
|
|
695
|
680,231
|
|
Petronas Capital Ltd.(g)
|
|
|
|
|
2.48%, 01/28/32
|
|
200
|
178,968
|
|
4.50%, 03/18/45
|
|
200
|
174,586
|
|
Plains All American Pipeline LP, Series B, (3-mo. CME
Term SOFR + 4.37%), 8.02%(a)(i)
|
|
2,215
|
2,209,839
|
|
Prairie Acquiror LP, 9.00%, 08/01/29(b)
|
|
269
|
277,873
|
|
Reliance Industries Ltd., 3.67%, 11/30/27(g)
|
|
300
|
295,571
|
|
Rockies Express Pipeline LLC, 6.88%, 04/15/40(b)
|
|
580
|
577,371
|
|
Sinopec Group Overseas Development 2018 Ltd.,
2.30%, 01/08/31(g)
|
|
500
|
461,935
|
|
SM Energy Co.(b)
|
|
|
|
|
8.75%, 07/01/31
|
|
487
|
509,057
|
|
6.63%, 04/15/34
|
|
726
|
723,949
|
|
Sunoco LP(b)
|
|
|
|
|
5.63%, 03/15/31
|
|
159
|
158,271
|
|
6.63%, 08/15/32
|
|
297
|
301,653
|
|
6.25%, 07/01/33
|
|
337
|
338,468
|
|
5.88%, 03/15/34
|
|
161
|
159,222
|
|
Sunoco LP/Sunoco Finance Corp., 5.88%, 03/15/28
|
|
317
|
316,869
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
|
|
|
|
|
5.50%, 01/15/28
|
|
255
|
252,843
|
|
7.38%, 02/15/29
|
|
672
|
691,311
|
|
6.00%, 09/01/31
|
|
182
|
179,601
|
|
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)
|
|
398
|
389,145
|
|
TransMontaigne Partners LLC, 8.50%, 06/15/30(b)
|
|
75
|
75,821
|
|
Transocean International Ltd.(b)
|
|
|
|
|
8.25%, 05/15/29
|
|
28
|
28,931
|
|
8.75%, 02/15/30
|
|
168
|
174,752
|
|
8.50%, 05/15/31
|
|
312
|
327,225
|
|
7.88%, 10/15/32
|
|
219
|
234,002
|
|
Valaris Ltd., 8.38%, 04/30/30(b)
|
|
244
|
252,831
|
|
Venture Global LNG, Inc.(b)
|
|
|
|
|
9.50%, 02/01/29
|
|
1,330
|
1,438,122
|
|
8.38%, 06/01/31
|
|
779
|
810,141
|
|
9.88%, 02/01/32
|
|
1,962
|
2,107,165
|
|
Venture Global Plaquemines LNG LLC(b)
|
|
|
|
|
6.13%, 12/15/30
|
|
785
|
807,314
|
|
7.50%, 05/01/33
|
|
384
|
422,094
|
|
6.50%, 01/15/34
|
|
1,123
|
1,170,665
|
|
7.75%, 05/01/35
|
|
617
|
691,520
|
|
6.75%, 01/15/36
|
|
1,534
|
1,624,739
|
|
Vital Energy, Inc., 7.88%, 04/15/32(b)(f)
|
|
182
|
185,942
|
|
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
|
|
448
|
453,944
|
|
Williams Cos., Inc.(f)
|
|
|
|
|
8.75%, 03/15/32
|
|
2,478
|
2,942,923
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Williams Cos., Inc.(f) (continued)
|
|
|
|
|
5.10%, 09/15/45
|
USD
|
5,075
|
$ 4,590,215
|
|
Woodside Finance Ltd., 3.70%, 09/15/26(g)
|
|
200
|
199,267
|
|
|
|
|
113,792,652
|
|
Passenger Airlines — 0.4%
|
|||
|
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
5.75%, 04/20/29(b)
|
|
58
|
57,683
|
|
JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%,
09/20/31(b)
|
|
441
|
416,771
|
|
OneSky Flight LLC, 8.88%, 12/15/29(b)
|
|
264
|
272,505
|
|
Singapore Airlines Ltd., 3.00%, 07/20/26(g)
|
|
200
|
199,006
|
|
Turkish Airlines Pass-Through Trust, Series 2015-1,
Class A, 4.20%, 09/15/28(b)
|
|
443
|
433,087
|
|
United Airlines Holdings, Inc., 5.38%, 03/01/31
|
|
376
|
368,223
|
|
United Airlines Pass-Through Trust, Series 2020-1,
Class A, 5.88%, 04/15/29(f)
|
|
2,210
|
2,247,469
|
|
|
|
|
3,994,744
|
|
Personal Care Products — 0.1%
|
|||
|
Opal Bidco SAS, 6.50%, 03/31/32(b)
|
|
417
|
417,402
|
|
Perrigo Finance Unlimited Co., 6.13%, 09/30/32
|
|
106
|
96,718
|
|
|
|
|
514,120
|
|
Pharmaceuticals — 4.7%
|
|||
|
1261229 B.C. Ltd., 10.00%, 04/15/32(b)
|
|
5,800
|
5,938,295
|
|
AbbVie, Inc.(f)
|
|
|
|
|
4.75%, 03/15/45
|
|
5,485
|
4,904,082
|
|
4.70%, 05/14/45
|
|
3,255
|
2,902,910
|
|
Amneal Pharmaceuticals LLC, 6.88%, 08/01/32(b)
|
|
226
|
232,655
|
|
Bausch Health Cos., Inc.(b)
|
|
|
|
|
4.88%, 06/01/28
|
|
179
|
163,912
|
|
11.00%, 09/30/28
|
|
1,054
|
1,075,121
|
|
Bayer U.S. Finance LLC, 6.88%, 11/21/53(b)
|
|
715
|
753,247
|
|
CVS Health Corp.
|
|
|
|
|
5.13%, 07/20/45
|
|
3,879
|
3,404,805
|
|
5.05%, 03/25/48(f)
|
|
8,205
|
7,039,911
|
|
Eli Lilly & Co., 5.65%, 10/15/65
|
|
4,735
|
4,650,734
|
|
Merck & Co., Inc., 6.50%, 12/01/33(f)
|
|
6,420
|
7,131,209
|
|
Organon & Co./Organon Foreign Debt Co-Issuer BV,
4.13%, 04/30/28(b)
|
|
1,000
|
970,354
|
|
PRA Health Sciences, Inc., 2.88%, 07/15/26(b)(f)
|
|
707
|
701,330
|
|
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30(f)
|
|
8,270
|
7,514,180
|
|
Teva Pharmaceutical Finance Netherlands III BV,
3.15%, 10/01/26
|
|
679
|
672,434
|
|
|
|
|
48,055,179
|
|
Real Estate Management & Development — 0.8%
|
|||
|
Aldar Properties PJSC, (5-year CMT + 2.04%), 6.62%,
04/15/55(a)(g)
|
|
250
|
238,200
|
|
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
|
|
|
|
|
7.00%, 04/15/30(b)
|
|
114
|
113,876
|
|
Series AI, 7.00%, 04/15/30
|
|
320
|
320,445
|
|
Anywhere Real Estate Group LLC/Realogy Co-Issuer
Corp., 9.75%, 04/15/30(b)
|
|
171
|
181,528
|
|
AYC Finance Ltd., 3.90%(g)(i)
|
|
300
|
197,373
|
|
China Overseas Finance Cayman VII Ltd., 4.75%,
04/26/28(g)
|
|
200
|
200,534
|
|
CoreLogic, Inc., 4.50%, 05/01/28(b)
|
|
1,488
|
1,396,903
|
|
Cushman & Wakefield U.S. Borrower LLC, 8.88%,
09/01/31(b)
|
|
67
|
70,971
|
|
Fantasia Holdings Group Co. Ltd., 7.95%, 07/05/22(g)(j)
|
|
1,050
|
11,550
|
|
Security
|
|
Par
(000)
|
Value
|
|
Real Estate Management & Development (continued)
|
|||
|
Five Point Operating Co. LP, 8.00%, 10/01/30(b)
|
USD
|
109
|
$ 108,744
|
|
Howard Hughes Corp.(b)
|
|
|
|
|
4.13%, 02/01/29
|
|
176
|
166,476
|
|
5.88%, 03/01/32
|
|
177
|
170,325
|
|
6.13%, 03/01/34
|
|
177
|
169,978
|
|
Northwest Florida Timber Finance LLC, 4.75%,
03/04/29(b)
|
|
4,485
|
4,336,557
|
|
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26(g)
|
|
200
|
197,298
|
|
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30(g)
|
|
200
|
187,152
|
|
Yango Justice International Ltd.(g)(j)
|
|
|
|
|
8.25%, 11/25/23
|
|
200
|
250
|
|
7.50%, 04/15/24
|
|
200
|
250
|
|
|
|
|
8,068,410
|
|
Retail REITs — 0.0%
|
|||
|
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)
|
|
505
|
495,341
|
|
Semiconductors & Semiconductor Equipment — 2.2%
|
|||
|
Amkor Technology, Inc., 5.88%, 10/01/33(b)
|
|
98
|
97,599
|
|
Broadcom, Inc., 5.00%, 04/15/30(f)
|
|
10,970
|
11,169,091
|
|
Lam Research Corp., 4.88%, 03/15/49
|
|
875
|
783,496
|
|
NVIDIA Corp.(f)
|
|
|
|
|
3.50%, 04/01/50
|
|
2,785
|
2,053,948
|
|
3.70%, 04/01/60
|
|
1,760
|
1,264,371
|
|
NXP BV/NXP Funding LLC/NXP USA, Inc.(f)
|
|
|
|
|
4.40%, 06/01/27
|
|
750
|
749,565
|
|
3.40%, 05/01/30
|
|
1,755
|
1,670,604
|
|
QUALCOMM, Inc.(f)
|
|
|
|
|
4.30%, 05/20/47
|
|
3,500
|
2,841,097
|
|
6.00%, 05/20/53
|
|
1,993
|
2,027,070
|
|
TSMC Global Ltd., 2.25%, 04/23/31(g)
|
|
250
|
225,818
|
|
|
|
|
22,882,659
|
|
Software — 2.9%
|
|||
|
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)
|
|
1,776
|
1,666,996
|
|
Capstone Borrower, Inc., 8.00%, 06/15/30(b)
|
|
279
|
266,579
|
|
Central Parent LLC/CDK Global II LLC/CDK Financing
Co., Inc., 8.00%, 06/15/29(b)
|
|
31
|
23,039
|
|
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)
|
|
227
|
163,375
|
|
Cloud Software Group, Inc.(b)
|
|
|
|
|
6.50%, 03/31/29
|
|
1,982
|
1,933,580
|
|
9.00%, 09/30/29
|
|
2,938
|
2,834,211
|
|
Ellucian Holdings, Inc., 6.50%, 12/01/29(b)
|
|
330
|
322,332
|
|
OAK-Eagle Acquireco, Inc.(b)(m)
|
|
|
|
|
07/01/33
|
|
1,359
|
1,408,052
|
|
07/01/34
|
|
1,334
|
1,396,554
|
|
Oracle Corp.(f)
|
|
|
|
|
3.95%, 03/25/51
|
|
4,425
|
2,803,926
|
|
5.55%, 02/06/53
|
|
1,280
|
1,021,262
|
|
6.70%, 02/04/56
|
|
15,005
|
13,926,193
|
|
Playtika Holding Corp., 4.25%, 03/15/29(b)
|
|
114
|
88,954
|
|
PTC, Inc., 4.00%, 02/15/28(b)
|
|
365
|
355,750
|
|
SS&C Technologies, Inc., 6.50%, 06/01/32(b)
|
|
818
|
818,028
|
|
UKG, Inc., 6.88%, 02/01/31(b)
|
|
670
|
654,801
|
|
|
|
|
29,683,632
|
|
Specialty Retail(b) — 0.1%
|
|||
|
Advance Auto Parts, Inc., 7.00%, 08/01/30
|
|
217
|
219,831
|
|
Security
|
|
Par
(000)
|
Value
|
|
Specialty Retail (continued)
|
|||
|
Ferrellgas LP/Ferrellgas Finance Corp., 9.25%,
01/15/31
|
USD
|
220
|
$ 229,227
|
|
Michaels Cos., Inc., 8.50%, 03/15/33
|
|
591
|
575,335
|
|
Staples, Inc., 10.75%, 09/01/29
|
|
210
|
194,212
|
|
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 5.00%, 06/01/31
|
|
237
|
222,988
|
|
|
|
|
1,441,593
|
|
Technology Hardware, Storage & Peripherals — 0.3%
|
|||
|
Dell International LLC/EMC Corp., 8.35%, 07/15/46(f)
|
|
1,005
|
1,243,972
|
|
Seagate Data Storage Technology Pte. Ltd.(b)
|
|
|
|
|
8.25%, 12/15/29
|
|
589
|
618,561
|
|
5.88%, 07/15/30
|
|
324
|
329,327
|
|
8.50%, 07/15/31
|
|
701
|
734,961
|
|
5.75%, 12/01/34
|
|
98
|
97,632
|
|
|
|
|
3,024,453
|
|
Textiles, Apparel & Luxury Goods(b) — 0.3%
|
|||
|
Beach Acquisition Bidco LLC
|
|
|
|
|
5.25%, 07/15/32
|
EUR
|
592
|
656,272
|
|
(10.00% Cash or 10.75% PIK), 10.00%, 07/15/33(h)
|
USD
|
1,129
|
1,202,283
|
|
Crocs, Inc., 4.13%, 08/15/31
|
|
244
|
219,559
|
|
Levi Strauss & Co.
|
|
|
|
|
4.00%, 08/15/30
|
EUR
|
155
|
177,963
|
|
3.50%, 03/01/31
|
USD
|
462
|
423,021
|
|
|
|
|
2,679,098
|
|
Tobacco — 2.2%
|
|||
|
Altria Group, Inc., 10.20%, 02/06/39(f)
|
|
13,392
|
18,396,381
|
|
BAT Capital Corp., 4.54%, 08/15/47
|
|
1,999
|
1,623,053
|
|
Reynolds American, Inc., 5.85%, 08/15/45
|
|
2,335
|
2,261,399
|
|
|
|
|
22,280,833
|
|
Transportation Infrastructure — 0.6%
|
|||
|
FedEx Corp., 5.25%, 05/15/50(f)
|
|
6,000
|
5,498,555
|
|
RXO, Inc., 6.38%, 05/15/31(b)
|
|
149
|
142,967
|
|
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26(g)
|
|
200
|
197,474
|
|
|
|
|
5,838,996
|
|
Wireless Telecommunication Services — 1.1%
|
|||
|
Altice France SA(b)
|
|
|
|
|
6.88%, 10/15/30
|
|
82
|
78,536
|
|
6.50%, 10/15/31
|
|
1,448
|
1,373,301
|
|
6.50%, 04/15/32
|
|
665
|
629,937
|
|
6.88%, 07/15/32
|
|
488
|
462,449
|
|
Digicel International Finance Ltd./Difl U.S. LLC, 8.63%,
08/01/32(b)
|
|
1,261
|
1,279,660
|
|
Iliad Holding SAS(b)
|
|
|
|
|
7.00%, 10/15/28
|
|
735
|
739,743
|
|
8.50%, 04/15/31
|
|
925
|
967,839
|
|
7.00%, 04/15/32
|
|
364
|
364,436
|
|
T-Mobile USA, Inc.
|
|
|
|
|
2.63%, 02/15/29
|
|
438
|
416,593
|
|
3.38%, 04/15/29
|
|
676
|
655,127
|
|
2.88%, 02/15/31
|
|
235
|
216,699
|
|
3.50%, 04/15/31(f)
|
|
990
|
936,321
|
|
5.05%, 07/15/33(f)
|
|
2,000
|
2,013,851
|
|
Vmed O2 U.K. Financing I PLC(b)
|
|
|
|
|
4.25%, 01/31/31
|
|
400
|
343,536
|
|
Security
|
|
Par
(000)
|
Value
|
|
Wireless Telecommunication Services (continued)
|
|||
|
Vmed O2 U.K. Financing I PLC(b) (continued)
|
|
|
|
|
4.75%, 07/15/31
|
USD
|
200
|
$ 172,073
|
|
6.75%, 01/15/33
|
|
632
|
564,657
|
|
|
|
|
11,214,758
|
|
Total Corporate Bonds — 109.7%
(Cost: $1,143,374,743)
|
1,123,126,993
|
||
|
Fixed Rate Loan Interests
|
|||
|
Distributors — 0.0%
|
|||
|
TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%,
12/15/31(c)(h)
|
|
3
|
—
|
|
IT Services — 0.0%
|
|||
|
Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%,
12/09/31
|
|
210
|
198,154
|
|
Software — 0.0%
|
|||
|
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
|
|
138
|
127,936
|
|
Total Fixed Rate Loan Interests — 0.0%
(Cost: $350,648)
|
326,090
|
||
|
Floating Rate Loan Interests(a)
|
|||
|
Advertising Agencies — 0.0%
|
|||
|
Outfront Media Capital LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.68%,
09/24/32
|
|
98
|
98,062
|
|
Summer BC Holdco B SARL, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 5.26%),
8.96%, 02/15/29
|
|
37
|
31,096
|
|
|
|
|
129,158
|
|
Aerospace & Defense — 0.3%
|
|||
|
Arcline FM Holdings LLC, 2025 1st Lien Term Loan,
(3-mo. CME Term SOFR at 0.75% Floor + 2.75%),
6.45%, 06/23/30
|
|
137
|
137,065
|
|
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%,
10/31/30
|
|
139
|
139,050
|
|
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-
mo. CME Term SOFR + 4.18%), 7.79%, 08/03/29
|
|
118
|
118,163
|
|
Cubic Corp.
|
|
|
|
|
2025 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.25%), 8.18%, 05/25/29
|
|
469
|
93,131
|
|
2025 Second Out Term Loan C, (3-mo. CME Term
SOFR at 0.75% Floor + 1.26%), 4.93%, 05/25/29
|
|
50
|
9,986
|
|
Dynasty Acquisition Co., Inc.
|
|
|
|
|
2024 1st Lien Term Loan B1, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 10/31/31
|
|
322
|
322,040
|
|
2024 1st Lien Term Loan B2, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 10/31/31
|
|
123
|
122,843
|
|
Kaman Corp.
|
|
|
|
|
2025 Delayed Draw Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.20%, 02/26/32
|
|
2
|
1,620
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.17%, 02/26/32
|
|
87
|
87,479
|
|
Peraton Corp., Term Loan B, (3-mo. CME Term SOFR at
0.75% Floor + 3.85%), 7.52%, 02/01/28
|
|
240
|
204,383
|
|
Security
|
|
Par
(000)
|
Value
|
|
Aerospace & Defense (continued)
|
|||
|
Propulsion BC Finco SARL, 2025 Repriced Term Loan
B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%),
6.20%, 12/01/32
|
USD
|
89
|
$ 88,882
|
|
Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.45%, 11/05/28
|
|
53
|
52,672
|
|
TransDigm, Inc.
|
|
|
|
|
2023 Term Loan J, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 02/28/31
|
|
680
|
679,747
|
|
2024 Term Loan L, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 01/19/32
|
|
251
|
251,095
|
|
2025 Term Loan K, (1-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.92%, 03/22/30
|
|
40
|
40,266
|
|
2025 Term Loan M, (1-mo. CME Term SOFR at
0.00% Floor + 2.50%), 6.17%, 08/19/32
|
|
415
|
414,815
|
|
2026 Term Loan N, (1-mo. CME Term SOFR at
0.00% Floor + 2.50%), 6.17%, 02/13/33
|
|
75
|
75,014
|
|
|
|
|
2,838,251
|
|
Automobile Components — 0.2%
|
|||
|
Allison Transmission, Inc., 2025 Incremental Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 01/02/33
|
|
123
|
123,307
|
|
Clarios Global LP
|
|
|
|
|
2024 USD Term Loan B, (1-mo. CME Term SOFR +
2.50%), 6.17%, 05/06/30
|
|
550
|
547,866
|
|
2025 USD Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.42%, 01/28/32
|
|
222
|
221,108
|
|
Garrett LX I SARL, 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.00%), 5.67%,
01/30/32
|
|
13
|
12,827
|
|
Gates Corp.
|
|
|
|
|
2022 Term Loan B4, (1-mo. CME Term SOFR +
1.75%), 5.42%, 11/16/29
|
|
45
|
44,639
|
|
2024 Term Loan B5, (1-mo. CME Term SOFR +
1.75%), 5.42%, 06/04/31
|
|
322
|
321,867
|
|
RealTruck Group, Inc.
|
|
|
|
|
2021 Term Loan B, (3-mo. CME Term SOFR +
4.01%), 7.68%, 01/31/28
|
|
26
|
17,336
|
|
2023 Incremental Term Loan, (3-mo. CME Term
SOFR + 5.26%), 8.93%, 01/31/28
|
|
57
|
39,030
|
|
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term
SOFR + 5.10%), 8.76%, 11/17/28
|
|
201
|
195,619
|
|
|
|
|
1,523,599
|
|
Automobiles — 0.0%
|
|||
|
Dealer Tire Financial LLC, 2024 Term Loan B4, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/02/31
|
|
179
|
178,376
|
|
Beverages — 0.0%
|
|||
|
Naked Juice LLC
|
|
|
|
|
2025 FLFO Term Loan, (3-mo. CME Term SOFR at
1.00% Floor + 5.50%), 9.20%, 01/24/29
|
|
202
|
200,614
|
|
2025 FLSO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.35%), 7.05%, 01/24/29
|
|
55
|
29,262
|
|
Security
|
|
Par
(000)
|
Value
|
|
Beverages (continued)
|
|||
|
Naked Juice LLC (continued)
|
|
|
|
|
2025 FLTO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 6.00%), 9.80%, 01/24/30
|
USD
|
86
|
$ 17,766
|
|
Sazerac Co., Inc., Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%,
07/09/32
|
|
61
|
60,538
|
|
|
|
|
308,180
|
|
Biotechnology — 0.1%
|
|||
|
BioMarin Pharmaceutical, Inc., Term Loan B,
01/28/33(n)
|
|
103
|
102,678
|
|
Parexel International Corp., 2025 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.42%, 12/12/31
|
|
423
|
421,293
|
|
|
|
|
523,971
|
|
Broadline Retail — 0.0%
|
|||
|
Boots Group Finco LP, USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%,
08/30/32
|
|
168
|
167,999
|
|
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 8.42%, 03/15/30
|
|
257
|
252,720
|
|
|
|
|
420,719
|
|
Building Materials — 0.0%
|
|||
|
CP Iris HoldCo I, Inc., 2025 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.67%,
10/27/32
|
|
200
|
198,558
|
|
Building Products — 0.3%
|
|||
|
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR +
1.75%), 5.42%, 05/13/29
|
|
12
|
12,108
|
|
Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%,
09/08/32
|
|
481
|
475,582
|
|
CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 5.25%), 8.92%, 07/08/30
|
|
142
|
130,428
|
|
EMRLD Borrower LP
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.95%, 08/04/31
|
|
233
|
232,496
|
|
Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 05/31/30
|
|
408
|
407,647
|
|
Gibraltar Industries, Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
02/02/33(c)
|
|
58
|
58,096
|
|
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 06/17/31
|
|
113
|
102,593
|
|
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 6.00%), 9.67%, 03/08/29
|
|
50
|
40,651
|
|
Quikrete Holdings, Inc.
|
|
|
|
|
2024 Term Loan B2, (1-mo. CME Term SOFR +
2.25%), 5.92%, 03/19/29
|
|
177
|
176,493
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.92%, 02/10/32
|
|
95
|
94,802
|
|
2025 Term Loan B1, (1-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.92%, 04/14/31
|
|
196
|
195,356
|
|
QXO Building Products, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
04/30/32
|
|
122
|
121,958
|
|
Standard Industries, Inc., 2021 Term Loan B, (1-mo.
CME Term SOFR + 1.75%), 5.42%, 09/22/28
|
|
23
|
23,110
|
|
Security
|
|
Par
(000)
|
Value
|
|
Building Products (continued)
|
|||
|
White Cap Supply Holdings LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 10/19/29
|
USD
|
537
|
$ 515,793
|
|
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31
|
|
423
|
366,974
|
|
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR
+ 2.11%), 5.78%, 10/04/28
|
|
97
|
96,920
|
|
|
|
|
3,051,007
|
|
Capital Markets — 0.3%
|
|||
|
Allspring Buyer LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.75%,
11/01/30
|
|
80
|
79,599
|
|
Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan
B, (6-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.37%, 02/15/31
|
|
300
|
292,695
|
|
Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
08/09/30
|
|
81
|
80,288
|
|
Ascensus Holdings, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
11/25/32
|
|
170
|
167,078
|
|
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term
Loan B7, (3-mo. CME Term SOFR at 0.50% Floor +
1.75%), 5.45%, 12/20/29
|
|
182
|
182,002
|
|
BCPE Pequod Buyer, Inc., USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
11/25/31
|
|
201
|
194,780
|
|
Chicago U.S. Midco III LP, Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 11/01/32
|
|
225
|
222,179
|
|
Citadel Securities LP, 2024 First Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.70%,
10/31/31
|
|
292
|
292,469
|
|
Edelman Financial Engines Center LLC, 2024 Term
Loan, (1-mo. CME Term SOFR at 0.00% Floor +
3.00%), 6.67%, 04/07/28
|
|
190
|
190,011
|
|
Focus Financial Partners LLC, 2025 Incremental Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 09/15/31
|
|
366
|
354,044
|
|
GTCR Everest Borrower, LLC, 2026 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.20%, 09/05/31
|
|
65
|
64,000
|
|
Hudson River Trading LLC, 2026 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 03/18/30
|
|
255
|
253,784
|
|
Jane Street Group LLC, 2024 Term Loan B1, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
12/15/31
|
|
599
|
586,953
|
|
Jupiter Borrower, Inc., Term Loan B, 03/25/33(c)(n)
|
|
82
|
81,795
|
|
Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%,
07/30/32
|
|
279
|
273,526
|
|
|
|
|
3,315,203
|
|
Chemicals — 0.3%
|
|||
|
Advancion Holdings LLC, 2020 USD Term Loan, (3-mo.
CME Term SOFR + 4.10%), 7.77%, 11/24/27
|
|
72
|
68,484
|
|
Chemours Co., 2025 USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.17%,
10/15/32
|
|
311
|
307,824
|
|
Security
|
|
Par
(000)
|
Value
|
|
Chemicals (continued)
|
|||
|
Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.68%,
11/01/30
|
USD
|
228
|
$ 227,441
|
|
Discovery Purchaser Corp., Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 7.42%,
10/04/29
|
|
157
|
154,460
|
|
Ecovyst Catalyst Technologies LLC, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 06/12/31
|
|
86
|
85,932
|
|
Element Solutions, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%,
12/18/30
|
|
256
|
255,836
|
|
Fortis 333, Inc., USD Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.17%, 03/29/32
|
|
109
|
105,301
|
|
HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.86%), 5.53%, 02/15/30
|
|
119
|
119,425
|
|
INEOS U.S. Petrochem LLC, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.25%),
7.92%, 10/07/31
|
|
34
|
24,192
|
|
Lonza Group AG, USD Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28
|
|
163
|
142,353
|
|
Minerals Technologies, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
11/26/31(c)
|
|
102
|
102,305
|
|
Olympus Water U.S. Holding Corp.
|
|
|
|
|
2024 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.00%), 6.70%, 06/20/31
|
|
334
|
319,760
|
|
2025 USD Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 11/03/32
|
|
207
|
199,473
|
|
Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME
Term SOFR at 0.00% Floor + 4.85%), 8.50%,
04/08/31
|
|
206
|
140,832
|
|
Paint Intermediate III LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
10/09/31
|
|
69
|
68,910
|
|
Solstice Advanced Materials, Inc., Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/29/32
|
|
115
|
115,480
|
|
Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 3.00%), 6.67%,
08/02/30
|
|
257
|
256,345
|
|
WR Grace Holdings LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.70%,
08/19/32
|
|
210
|
209,282
|
|
|
|
|
2,903,635
|
|
Commercial Services & Supplies — 0.3%
|
|||
|
Action Environmental Group, Inc., 2023 Term Loan B,
(3-mo. CME Term SOFR + 3.00%), 6.69%, 10/24/30
|
|
110
|
108,989
|
|
Allied Universal Holdco LLC, 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 08/20/32
|
|
677
|
676,550
|
|
Anticimex International AB, 2025 USD Term Loan, (3-
mo. SOFR + 2.90%), 6.56%, 11/17/31
|
|
85
|
84,902
|
|
Aramark Services, Inc.
|
|
|
|
|
2025 Repriced Term Loan, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.42%, 04/06/28
|
|
113
|
113,000
|
|
2025 Term Loan, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 06/22/30
|
|
254
|
254,374
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Services & Supplies (continued)
|
|||
|
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 5.52%,
09/07/27
|
USD
|
279
|
$ 278,697
|
|
Citrin Cooperman Advisors LLC, 2025 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.70%, 04/01/32
|
|
190
|
181,721
|
|
Clean Harbors, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.50%), 5.17%, 10/08/32
|
|
95
|
95,331
|
|
Grant Thornton Advisors LLC, 2025 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.42%, 06/02/31
|
|
214
|
199,005
|
|
Innio Group Holding GmbH, 2026 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.66%, 11/02/31
|
|
174
|
172,599
|
|
LABL, Inc., 2026 USD Interim New Money DIP Term
Loan, (3-mo. CME Term SOFR at 0.50% Floor +
6.75%), 10.38%, 12/02/26
|
|
110
|
110,086
|
|
Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.45%,
03/11/32
|
|
348
|
348,334
|
|
Packers Holdings LLC, 2025 Takeback Term Loan, (1-
mo. CME Term SOFR at 1.00% Floor + 1.10%),
4.77%, 03/10/31
|
|
21
|
20,129
|
|
Prime Security Services Borrower LLC
|
|
|
|
|
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.66%, 10/13/30
|
|
97
|
96,530
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.41%, 03/07/32
|
|
326
|
321,200
|
|
Reworld Holding Corp.
|
|
|
|
|
2025 1st Lien Term Loan C, (1-mo. CME Term SOFR
at 0.50% Floor + 2.25%), 5.93%, 01/15/31
|
|
19
|
18,808
|
|
2025 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 2.25%), 5.93%, 01/15/31
|
|
116
|
115,742
|
|
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.25%), 5.92%, 11/30/28
|
|
65
|
64,829
|
|
|
|
|
3,260,826
|
|
Communications Equipment — 0.0%
|
|||
|
Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.43%,
10/24/30
|
|
199
|
199,219
|
|
Construction & Engineering — 0.1%
|
|||
|
Azuria Water Solutions, Inc.
|
|
|
|
|
2026 Delayed Draw Term Loan, 01/27/33(n)
|
|
19
|
19,231
|
|
2026 Term Loan B, (Prime + 1.75%), 8.50%,
01/27/33
|
|
146
|
144,231
|
|
Brand Industrial Services, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
8.16%, 08/01/30
|
|
293
|
250,489
|
|
Construction Partners, Inc., Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%,
11/03/31
|
|
64
|
64,285
|
|
Dycom Investments, Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
01/27/33
|
|
91
|
91,266
|
|
Legence Holdings LLC, 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.75% Floor + 2.25%),
5.92%, 12/16/31
|
|
165
|
164,676
|
|
|
|
|
734,178
|
|
Security
|
|
Par
(000)
|
Value
|
|
Consumer Discretionary — 0.0%
|
|||
|
Element Materials Technology Group U.S. Holdings,
Inc., 2022 USD Term Loan, (3-mo. CME Term SOFR
at 0.50% Floor + 3.50%), 7.20%, 07/06/29
|
USD
|
106
|
$ 105,841
|
|
Consumer Staples Distribution & Retail — 0.1%
|
|||
|
BCPE Empire Holdings, Inc., 2026 10th Amendment
Term Loan, (1-mo. CME Term SOFR + 3.50%),
7.17%, 12/29/32
|
|
297
|
291,990
|
|
EG America LLC, 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.92%, 02/10/31
|
|
185
|
184,861
|
|
U.S. Foods, Inc., 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/03/31
|
|
163
|
164,068
|
|
|
|
|
640,919
|
|
Containers & Packaging — 0.2%
|
|||
|
Charter NEX US, Inc., 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.75% Floor + 2.50%),
6.17%, 11/29/30
|
|
472
|
469,190
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.92%, 04/01/32
|
|
239
|
222,532
|
|
Term Loan B, (1-mo. CME Term SOFR + 3.18%),
6.84%, 04/13/29
|
|
25
|
23,793
|
|
Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR +
1.75%), 5.38%, 07/30/32
|
|
364
|
362,956
|
|
Graham Packaging Co., Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
01/26/33
|
|
189
|
186,847
|
|
LABL, Inc., 2021 USD 1st Lien Term Loan, 0.00%,
10/30/28(j)
|
|
232
|
104,977
|
|
Mauser Packaging Solutions Holding Co., 2025 Term
Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
3.50%), 7.16%, 04/15/30
|
|
135
|
130,226
|
|
Potters Industries LLC, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 12/23/32
|
|
114
|
113,810
|
|
Pregis TopCo LLC, 2025 Refinancing Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
02/01/29
|
|
122
|
121,547
|
|
Proampac PG Borrower LLC, 2026 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 03/07/33
|
|
138
|
132,802
|
|
Reynolds Consumer Products LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 03/04/32
|
|
35
|
34,660
|
|
Ring Container Technologies Group LLC, 2025 Term
Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.50%), 6.17%, 09/15/32
|
|
140
|
138,983
|
|
Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo.
CME Term SOFR at 0.50% Floor + 3.75%), 7.45%,
09/15/28
|
|
107
|
100,969
|
|
|
|
|
2,143,292
|
|
Distributors — 0.1%
|
|||
|
American Builders & Contractors Supply Co., Inc.,
2024 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 5.42%, 01/31/31
|
|
202
|
202,115
|
|
Security
|
|
Par
(000)
|
Value
|
|
Distributors (continued)
|
|||
|
Core & Main LP
|
|
|
|
|
2024 Term Loan D, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.68%, 07/27/28
|
USD
|
465
|
$ 464,797
|
|
2024 Term Loan E, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.68%, 02/09/31(c)
|
|
91
|
91,149
|
|
Herc Holdings, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.43%,
06/02/32
|
|
40
|
39,917
|
|
|
|
|
797,978
|
|
Diversified Consumer Services — 0.1%
|
|||
|
Bright Horizons Family Solutions LLC, 2025 Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
5.42%, 08/23/32
|
|
127
|
126,883
|
|
OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.43%,
12/31/32
|
|
74
|
73,591
|
|
PG Investment Co. 59 SARL, 2025 Repriced Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.95%, 03/26/31
|
|
96
|
95,946
|
|
Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 01/30/31
|
|
259
|
256,230
|
|
|
|
|
552,650
|
|
Diversified REITs — 0.0%
|
|||
|
RHP Hotel Properties LP, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 05/20/30
|
|
78
|
77,868
|
|
Diversified Telecommunication Services — 0.1%
|
|||
|
Cogeco Financing 2 LP, 2023 Incremental Term Loan B,
(1-mo. CME Term SOFR + 2.61%), 6.28%, 09/01/28
|
|
30
|
28,463
|
|
Level 3 Financing, Inc., 2025 Repriced Term Loan B4,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 03/29/32
|
|
475
|
474,506
|
|
Orbcomm, Inc., Term Loan B, (1-mo. CME Term SOFR
at 0.75% Floor + 4.51%), 8.10%, 09/01/28
|
|
75
|
68,660
|
|
Sunrise Financing Partnership, Term Loan AAA, (6-mo.
CME Term SOFR at 0.00% Floor + 2.47%), 6.10%,
02/15/32
|
|
60
|
59,531
|
|
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-
mo. CME Term SOFR + 3.36%), 7.04%, 01/31/29
|
|
225
|
216,351
|
|
Zayo Group Holdings, Inc., 2025 USD Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 3.11% and
0.50% PIK), 7.28%, 03/11/30(h)
|
|
520
|
510,226
|
|
|
|
|
1,357,737
|
|
Electric Utilities — 0.1%
|
|||
|
NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.85%), 5.52%, 04/16/31
|
|
462
|
462,621
|
|
Talen Energy Supply LLC, 2024-1 Incremental Term
Loan, (3-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.15%, 12/15/31
|
|
86
|
85,984
|
|
Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-
mo. CME Term SOFR + 1.75%), 5.42%, 12/20/30
|
|
211
|
211,240
|
|
|
|
|
759,845
|
|
Security
|
|
Par
(000)
|
Value
|
|
Electronic Equipment, Instruments & Components — 0.0%
|
|||
|
Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 06/20/31(c)
|
USD
|
55
|
$ 54,951
|
|
Coherent Corp., 2025 Term Loan B2, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 07/02/29
|
|
126
|
126,379
|
|
Sanmina Corp., Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.67%, 10/27/32(c)
|
|
132
|
131,835
|
|
|
|
|
313,165
|
|
Energy Equipment & Services — 0.0%
|
|||
|
Deep Blue Operating I LLC, Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%,
10/01/32(c)
|
|
40
|
40,100
|
|
Entertainment — 0.3%
|
|||
|
Creative Artists Agency LLC, 2025 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 10/01/31
|
|
334
|
333,109
|
|
Delta 2 Lux SARL, 2024 Term Loan B1, (3-mo. CME
Term SOFR at 0.50% Floor + 1.75%), 5.45%,
09/30/31
|
|
342
|
340,488
|
|
DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
03/04/32
|
|
261
|
260,871
|
|
Electronic Arts, Inc., USD Term Loan B, 03/24/33(n)
|
|
510
|
506,812
|
|
EOC Borrower LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 03/24/32
|
|
422
|
419,561
|
|
GVC Holdings Gibraltar Ltd., 2025 Term Loan
B5 (2032), (3-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.95%, 07/31/32
|
|
48
|
47,669
|
|
Live Nation Entertainment, Inc., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 10/21/32
|
|
217
|
217,183
|
|
Motion Finco SARL, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.20%,
11/12/29
|
|
287
|
250,003
|
|
TKO Worldwide Holdings LLC, 2025 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.66%,
11/21/31
|
|
562
|
561,717
|
|
|
|
|
2,937,413
|
|
Environmental, Maintenance & Security Service — 0.0%
|
|||
|
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.75%), 7.46%,
10/17/30
|
|
85
|
85,105
|
|
Reworld Holding Corp., 2025 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.25%),
5.93%, 01/15/31
|
|
52
|
51,708
|
|
|
|
|
136,813
|
|
Financial Services — 0.3%
|
|||
|
ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 12/21/28
|
|
175
|
174,173
|
|
Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
07/30/31
|
|
53
|
52,485
|
|
Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.66%,
05/21/31
|
|
327
|
326,365
|
|
Apex Group Treasury LLC, 2025 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.17%, 02/27/32
|
|
266
|
241,475
|
|
Security
|
|
Par
(000)
|
Value
|
|
Financial Services (continued)
|
|||
|
APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 01/03/29
|
USD
|
357
|
$ 356,940
|
|
CPI Holdco B LLC, 2025 Add-on Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/19/31
|
|
489
|
485,203
|
|
Gryphon Acquire NewCo LLC, Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
09/13/32
|
|
125
|
125,031
|
|
Hyperion Refinance SARL, 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.42%, 02/15/31
|
|
250
|
242,052
|
|
LBM Acquisition LLC, 2024 Incremental Term Loan B,
(1-mo. CME Term SOFR at 0.75% Floor + 3.75%),
7.50%, 06/06/31
|
|
100
|
79,738
|
|
Orion U.S. Finco, Inc., 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.15%,
10/08/32
|
|
134
|
132,521
|
|
Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/30/31
|
|
273
|
272,731
|
|
Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.17%, 10/16/31(c)
|
|
21
|
20,843
|
|
WEX, Inc.
|
|
|
|
|
2024 Term Loan B2, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 5.42%, 03/31/28
|
|
44
|
44,187
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 03/05/32
|
|
79
|
78,408
|
|
|
|
|
2,632,152
|
|
Food Products — 0.1%
|
|||
|
Chobani LLC, 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 10/28/32
|
|
507
|
506,517
|
|
Froneri U.S., Inc.
|
|
|
|
|
2024 USD Term Loan B4, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/31
|
|
456
|
446,421
|
|
2025 USD Term Loan B6, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/32
|
|
130
|
127,364
|
|
H-Food Holdings LLC, 2025 Exit Term Loan, (1-mo.
CME Term SOFR at 2.00% Floor + 6.50%), 10.17%,
03/29/30
|
|
16
|
16,391
|
|
Treehouse Foods, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 7.92%,
02/11/33
|
|
133
|
132,225
|
|
UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.20%,
01/29/32
|
|
56
|
55,690
|
|
|
|
|
1,284,608
|
|
Gas Utilities — 0.0%
|
|||
|
BIP PipeCo Holdings LLC, Term Loan B, (2-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.65%,
12/06/30
|
|
54
|
54,129
|
|
M6 ETX Holdings II Midco LLC, 2025 1st Lien Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 04/01/32
|
|
76
|
75,962
|
|
|
|
|
130,091
|
|
Security
|
|
Par
(000)
|
Value
|
|
Ground Transportation — 0.1%
|
|||
|
Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.45%,
04/10/31
|
USD
|
600
|
$ 596,674
|
|
Hertz Corp.
|
|
|
|
|
2021 Term Loan B, (1-mo. CME Term SOFR +
3.61%), 7.28%, 06/30/28
|
|
152
|
111,915
|
|
2021 Term Loan C, (1-mo. CME Term SOFR +
3.61%), 7.28%, 06/30/28
|
|
30
|
22,144
|
|
|
|
|
730,733
|
|
Health Care Equipment & Supplies — 0.2%
|
|||
|
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.75%), 6.42%,
02/15/29
|
|
354
|
346,692
|
|
Bausch & Lomb Corporation, 2025 Repriced Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.42%, 01/15/31
|
|
369
|
369,445
|
|
Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR
+ 2.75%), 6.42%, 05/01/31
|
|
278
|
255,296
|
|
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 4.10%), 7.80%,
10/01/27
|
|
79
|
76,791
|
|
Hologic Inc., 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 01/14/33
|
|
728
|
718,900
|
|
PointClickCare Technologies, Inc., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.42%, 11/03/31
|
|
99
|
98,654
|
|
Polaris Newco LLC, USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.26%), 7.93%,
06/02/28
|
|
226
|
198,054
|
|
QuidelOrtho Corp., Term Loan, (1-mo. CME Term SOFR
at 0.00% Floor + 4.00%), 7.67%, 08/20/32
|
|
129
|
129,067
|
|
Waystar Technologies, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
10/22/29(c)
|
|
83
|
82,243
|
|
|
|
|
2,275,142
|
|
Health Care Providers & Services — 0.2%
|
|||
|
ACP Tara Holdings, Inc., 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.95%,
12/15/32
|
|
35
|
35,116
|
|
AHP Health Partners, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.25%), 5.92%,
09/20/32
|
|
24
|
24,365
|
|
CHG Healthcare Services, Inc., 2025 Term Loan B1,
(3-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.45%, 09/29/28
|
|
179
|
179,183
|
|
CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME
Term SOFR at 0.75% Floor + 2.50%), 6.17%,
11/08/32
|
|
174
|
173,436
|
|
Concentra Health Services, Inc., 2025 Repriced Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.00%), 5.67%, 07/26/31
|
|
84
|
84,236
|
|
Examworks Bidco, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%,
02/06/33
|
|
171
|
170,866
|
|
ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.70%, 07/03/28
|
|
55
|
54,921
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Providers & Services (continued)
|
|||
|
LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.42%, 05/19/31
|
USD
|
149
|
$ 148,546
|
|
Medical Solutions Holdings, Inc., 2021 1st Lien Term
Loan, (3-mo. CME Term SOFR at 0.50% Floor +
3.60%), 7.27%, 11/01/28
|
|
99
|
19,680
|
|
Medline Borrower LP
|
|
|
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 10/23/30
|
|
324
|
324,212
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 1.75%), 5.42%, 10/23/28
|
|
196
|
196,072
|
|
Option Care Health, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
09/22/32
|
|
210
|
210,730
|
|
Raven Acquisition Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
11/19/31
|
|
74
|
72,719
|
|
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 4.00%), 7.70%, 09/27/30
|
|
171
|
168,917
|
|
Surgery Center Holdings, Inc., 2025 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 12/19/30
|
|
218
|
217,685
|
|
Team Health Holdings, Inc., 2026 Repriced Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 4.00%),
7.66%, 06/30/28
|
|
60
|
59,253
|
|
Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 08/01/31
|
|
54
|
54,010
|
|
|
|
|
2,193,947
|
|
Hotels, Restaurants & Leisure — 0.5%
|
|||
|
Aimbridge Acquisition Co., Inc.
|
|
|
|
|
2025 1st Lien Second Out Term Loan, (1-mo. CME
Term SOFR at 1.00% Floor + 1.61% and 6.00%
PIK), 11.29%, 03/11/30(h)
|
|
28
|
27,413
|
|
2025 First Out Term Loan, (1-mo. CME Term SOFR
at 1.00% Floor + 5.61%), 9.29%, 03/11/30
|
|
30
|
29,163
|
|
Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/31/30(c)
|
|
161
|
160,439
|
|
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%,
09/20/30
|
|
279
|
278,079
|
|
Caesars Entertainment, Inc.
|
|
|
|
|
2024 Term Loan B1, (1-mo. CME Term SOFR +
2.25%), 5.92%, 02/06/31
|
|
533
|
515,979
|
|
Term Loan B, (1-mo. CME Term SOFR + 2.25%),
5.92%, 02/06/30
|
|
133
|
129,338
|
|
Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.50%), 8.17%,
12/02/31
|
|
144
|
142,211
|
|
Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 6.92%,
01/27/29
|
|
389
|
380,733
|
|
Flutter Financing BV
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 1.75%), 5.45%, 11/30/30
|
|
452
|
446,925
|
|
2025 Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 2.00%), 5.70%, 06/04/32
|
|
128
|
126,322
|
|
Security
|
|
Par
(000)
|
Value
|
|
Hotels, Restaurants & Leisure (continued)
|
|||
|
Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 1.75%), 5.42%,
09/22/32
|
USD
|
430
|
$ 432,114
|
|
Great Canadian Gaming Corp., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 4.75%),
8.44%, 11/01/29
|
|
117
|
114,606
|
|
Herschend Entertainment Co. LLC, 2026 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 05/27/32
|
|
133
|
133,078
|
|
Hilton Domestic Operating Co., Inc., 2023 Term Loan
B4, (1-mo. CME Term SOFR + 1.75%), 5.43%,
11/08/30
|
|
330
|
330,724
|
|
IRB Holding Corp., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.18%,
12/16/30
|
|
229
|
228,702
|
|
Light & Wonder International, Inc., 2026 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.67%, 04/16/29
|
|
196
|
196,224
|
|
Ontario Gaming GTA LP, Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.25%), 7.95%,
08/01/30
|
|
89
|
83,664
|
|
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.17%,
05/03/29
|
|
129
|
129,404
|
|
Scientific Games Holdings LP, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
6.65%, 04/04/29
|
|
128
|
125,587
|
|
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan
B3, (1-mo. CME Term SOFR at 0.50% Floor +
2.00%), 5.67%, 12/04/31(c)
|
|
54
|
53,461
|
|
Six Flags Entertainment Corp., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 05/01/31
|
|
54
|
52,720
|
|
Station Casinos LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%,
03/14/31
|
|
338
|
337,721
|
|
TRQ Sales LLC, Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 0.19%), 3.89%, 12/30/32
|
|
133
|
128,595
|
|
Voyager Parent LLC, Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.25%), 7.95%,
07/01/32
|
|
159
|
157,940
|
|
Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.17%,
08/03/28
|
|
106
|
105,480
|
|
Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 05/24/30
|
|
156
|
156,442
|
|
|
|
|
5,003,064
|
|
Household Durables — 0.0%
|
|||
|
Madison Safety & Flow LLC, 2025 1st Lien Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 09/26/31
|
|
67
|
66,777
|
|
Somnigroup International, Inc., Term Loan B, (1-mo.
SOFR + 2.25%), 5.88%, 10/24/31
|
|
71
|
70,990
|
|
Security
|
|
Par
(000)
|
Value
|
|
Household Durables (continued)
|
|||
|
Springs Windows Fashions LLC, 2024 FLFO Delayed
Draw Term Loan, (1-mo. CME Term SOFR at 1.00%
Floor + 4.50%), 8.17%, 12/19/29
|
USD
|
41
|
$ 40,357
|
|
SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-
mo. CME Term SOFR at 1.00% Floor + 4.50%),
8.17%, 12/19/29
|
|
30
|
30,268
|
|
Weber-Stephen Products LLC, 2025 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.41%, 10/01/32
|
|
206
|
200,953
|
|
|
|
|
409,345
|
|
Household Products — 0.0%
|
|||
|
Lavender US HoldCo 1, Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.95%,
12/30/32
|
|
136
|
133,505
|
|
Independent Power and Renewable Electricity Producers — 0.1%
|
|||
|
Calpine Construction Finance Co. LP, 2025 Repriced
Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 07/31/30
|
|
290
|
290,217
|
|
Constellation Renewables LLC, 2020 Term Loan, (3-mo.
CME Term SOFR at 1.00% Floor + 2.00%), 5.67%,
12/15/27
|
|
128
|
128,260
|
|
Talen Energy Supply LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
11/25/32
|
|
186
|
185,502
|
|
|
|
|
603,979
|
|
Industrial Conglomerates — 0.1%
|
|||
|
Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.95%,
09/12/32
|
|
86
|
85,892
|
|
CoorsTek, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.00%), 6.67%, 10/28/32
|
|
69
|
69,086
|
|
Fluid-Flow Products, Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.92%,
03/04/33
|
|
24
|
23,970
|
|
Heritage Environmental Services, Inc., 2026 Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.68%, 04/01/33(c)
|
|
56
|
56,000
|
|
LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
3.00%), 6.67%, 12/02/31
|
|
92
|
91,669
|
|
Pinnacle Buyer LLC, Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.16%, 10/01/32
|
|
117
|
117,498
|
|
Resideo Funding, Inc., 2025 Incremental Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 08/13/32
|
|
139
|
138,778
|
|
Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.10%,
02/28/33
|
|
270
|
268,396
|
|
|
|
|
851,289
|
|
Insurance — 0.5%
|
|||
|
Alliant Holdings Intermediate LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 09/19/31
|
|
1,024
|
1,015,056
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
AmWINS Group, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.00%), 5.67%,
01/30/32
|
USD
|
448
|
$ 444,882
|
|
Amynta Agency Borrower, Inc., 2026 Repriced Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 12/29/31
|
|
304
|
299,519
|
|
Asurion LLC, 2025 Term Loan B13, (1-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30
|
|
416
|
410,899
|
|
Baldwin Insurance Group Holdings LLC, 2025 Term
Loan B2, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.18%, 05/26/31
|
|
125
|
122,493
|
|
HUB International Ltd., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%,
06/20/30
|
|
594
|
592,008
|
|
Jones DesLauriers Insurance Management Inc.,
2026 Repriced Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.66%, 02/02/33
|
|
288
|
278,737
|
|
OneDigital Borrower LLC, 2025 Repriced Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.00%),
6.67%, 07/02/31
|
|
58
|
55,589
|
|
Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
09/15/31
|
|
265
|
264,650
|
|
Truist Insurance Holdings LLC
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.45%, 05/06/31
|
|
471
|
463,694
|
|
2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 4.75%), 8.45%, 05/06/32
|
|
56
|
55,665
|
|
USI, Inc.
|
|
|
|
|
2024 Term Loan C, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.95%, 09/29/30
|
|
257
|
255,647
|
|
2024 Term Loan D, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.95%, 11/21/29
|
|
423
|
422,009
|
|
|
|
|
4,680,848
|
|
Interactive Media & Services — 0.0%
|
|||
|
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR + 2.75%), 6.42%, 01/31/31
|
|
78
|
67,321
|
|
Internet Software & Services — 0.0%
|
|||
|
Gen Digital, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 04/16/32
|
|
71
|
70,254
|
|
IT Services — 0.2%
|
|||
|
Asurion LLC
|
|
|
|
|
2021 Second Lien Term Loan B4, (1-mo. CME Term
SOFR + 5.36%), 9.03%, 01/20/29
|
|
17
|
17,142
|
|
2023 Term Loan B11, (1-mo. CME Term SOFR at
0.00% Floor + 4.35%), 8.02%, 08/19/28
|
|
16
|
15,675
|
|
2024 Term Loan B12, (1-mo. CME Term SOFR at
0.00% Floor + 4.25%), 7.92%, 09/19/30
|
|
59
|
58,792
|
|
2026 Term Loan B14, (1-mo. CME Term SOFR at
0.00% Floor + 3.75%), 7.42%, 02/23/33
|
|
40
|
38,625
|
|
Central Parent LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.95%,
07/06/29
|
|
291
|
206,341
|
|
Clearwater Analytics LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
04/21/32
|
|
130
|
130,182
|
|
Epicor Software Corp., 2024 Term Loan F, (1-mo. CME
Term SOFR at 0.75% Floor + 2.50%), 6.17%,
05/30/31
|
|
427
|
418,189
|
|
Security
|
|
Par
(000)
|
Value
|
|
IT Services (continued)
|
|||
|
Galileo Parent, Inc., 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.50%), 8.17%,
03/03/33
|
USD
|
99
|
$ 96,896
|
|
Go Daddy Operating Co. LLC, 2024 Term Loan B8,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 11/09/29
|
|
211
|
207,913
|
|
ION Platform Finance U.S., Inc., USD Term Loan, (3-
mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.45%, 10/07/32
|
|
344
|
275,248
|
|
Iron Mountain, Inc., 2023 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%,
01/31/31
|
|
90
|
89,022
|
|
Modena Buyer LLC, Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.92%, 07/01/31
|
|
74
|
66,188
|
|
Project Boost Purchaser LLC, 2025 Refinancing Term
Loan, (3-mo. CME Term SOFR at 0.00% Floor +
2.75%), 6.45%, 07/16/31
|
|
209
|
200,953
|
|
Sedgwick Claims Management Services, Inc.,
2023 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.50%), 6.17%, 07/31/31
|
|
422
|
413,588
|
|
Shift4 Payments, LLC, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.65%, 07/03/32
|
|
77
|
76,568
|
|
|
|
|
2,311,322
|
|
Leisure Products — 0.0%
|
|||
|
Bombardier Recreational Products, Inc., 2024 Term
Loan B4, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 01/22/31
|
|
73
|
72,623
|
|
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 7.17%,
07/22/30
|
|
174
|
173,640
|
|
|
|
|
246,263
|
|
Machinery — 0.3%
|
|||
|
AI Aqua Merger Sub, Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.75%), 6.29%,
07/31/28
|
|
300
|
298,658
|
|
Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR + 2.50%), 6.16%, 03/15/30
|
|
60
|
59,920
|
|
Columbus McKinnon Corp., 2026 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 7.20%,
02/03/33
|
|
187
|
186,265
|
|
CompoSecure Holdings LLC, Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.93%,
01/14/33
|
|
283
|
281,763
|
|
Filtration Group Corp., 2025 USD Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.17%,
10/21/28
|
|
396
|
395,822
|
|
Generac Power Systems, Inc., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 07/03/31
|
|
39
|
39,597
|
|
GrafTech Global Enterprises, Inc., 2024 Term Loan,
(3-mo. CME Term SOFR at 2.00% Floor + 6.00%),
9.67%, 12/21/29
|
|
145
|
136,839
|
|
Indicor LLC, 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.20%, 11/22/29
|
|
104
|
103,944
|
|
LSF12 Helix Parent LLC, USD Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
02/10/33
|
|
172
|
169,052
|
|
Madison IAQ LLC, Term Loan, (6-mo. CME Term SOFR
at 0.50% Floor + 2.50%), 6.13%, 06/21/28
|
|
440
|
439,613
|
|
Security
|
|
Par
(000)
|
Value
|
|
Machinery (continued)
|
|||
|
PECF USS Intermediate Holding III Corp., 2026 Term
Loan, (3-mo. CME Term SOFR at 2.00% Floor +
7.50%), 11.17%, 03/03/33
|
USD
|
20
|
$ 18,974
|
|
Tega MC Australia Holdings Pty. Ltd., Term Loan B,
03/25/33(c)(n)
|
|
84
|
83,370
|
|
TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B,
(6-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.38%, 04/30/30
|
|
446
|
446,846
|
|
WEC U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%,
01/27/31
|
|
362
|
361,707
|
|
|
|
|
3,022,370
|
|
Media — 0.2%
|
|||
|
Altice France SA, 2025 USD Term Loan B14, (3-mo.
CME Term SOFR at 0.00% Floor + 6.88%), 10.55%,
05/31/31
|
|
217
|
216,632
|
|
Charter Communications Operating LLC
|
|
|
|
|
2023 Term Loan B4, (3-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.66%, 12/07/30
|
|
153
|
152,857
|
|
2024 Term Loan B5, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.91%, 12/15/31
|
|
148
|
148,192
|
|
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 08/23/28
|
|
84
|
83,621
|
|
CSC Holdings LLC, 2019 Term Loan B5, (Prime +
1.50%), 8.25%, 04/15/27
|
|
376
|
330,751
|
|
ECL Entertainment LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
08/30/30
|
|
92
|
91,597
|
|
Gray Media, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 5.25%), 8.92%, 06/04/29
|
|
1
|
898
|
|
Learfield Communications LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.50%),
8.17%, 06/30/28
|
|
122
|
121,580
|
|
NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.17%, 10/17/31
|
|
203
|
183,092
|
|
Nexstar Broadcasting, Inc., 2026 Term Loan B7, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.40%,
03/18/33
|
|
115
|
113,611
|
|
Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.61% and 1.50%
PIK), 8.78%, 09/25/29(h)
|
|
945
|
838,532
|
|
Telenet Financing USD LLC, 2020 USD Term Loan AR,
(1-mo. CME Term SOFR at 0.00% Floor + 2.11%),
5.79%, 04/28/28
|
|
45
|
44,391
|
|
|
|
|
2,325,754
|
|
Metals & Mining — 0.0%
|
|||
|
Covia Holdings LLC, 2025 Repriced Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.40%, 02/26/32
|
|
169
|
168,446
|
|
Multi-Utilities — 0.0%
|
|||
|
GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 03/03/32
|
|
331
|
331,130
|
|
Oil, Gas & Consumable Fuels — 0.1%
|
|||
|
Blackfin Pipeline LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 09/29/32
|
|
61
|
61,094
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Buckeye Partners LP, 2025 Term Loan B7, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%,
11/22/32
|
USD
|
61
|
$ 61,723
|
|
Freeport LNG Investments, LLLP, 2026 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.89%, 02/11/33
|
|
227
|
226,812
|
|
GIP Pilot Acquisition Partners LP, 2025 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.65%, 10/04/30
|
|
32
|
32,367
|
|
Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 02/11/30(c)
|
|
112
|
111,730
|
|
Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.69%,
09/22/32
|
|
37
|
36,938
|
|
Murphy USA, Inc., Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 04/07/32
|
|
44
|
44,233
|
|
NGL Energy Partners LP, 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.18%,
03/11/33
|
|
91
|
91,000
|
|
Oryx Midstream Services Permian Basin LLC,
2025 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.25%), 5.93%, 10/05/28
|
|
355
|
354,910
|
|
TransMontaigne Partners LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.25%), 5.92%,
03/16/30
|
|
69
|
68,909
|
|
Whitewater Matterhorn Holdings LLC, 2026 Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.45%, 06/16/32
|
|
106
|
105,248
|
|
|
|
|
1,194,964
|
|
Passenger Airlines — 0.1%
|
|||
|
AAdvantage Loyalty IP Ltd., 2025 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
04/20/28
|
|
154
|
152,330
|
|
Air Canada, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 03/21/31
|
|
210
|
207,962
|
|
American Airlines, Inc.
|
|
|
|
|
Series AA, 2017 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 1.85%), 5.52%,
01/29/27
|
|
105
|
103,892
|
|
2023 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.91%, 06/04/29
|
|
165
|
159,413
|
|
2024 1st Lien Term Loan B, (6-mo. CME Term SOFR
at 0.00% Floor + 2.25%), 6.00%, 02/15/28
|
|
159
|
154,602
|
|
JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.75%), 8.44%,
08/27/29
|
|
200
|
181,404
|
|
Stonepeak Nile Parent LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
04/09/32
|
|
107
|
107,194
|
|
United Airlines, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.43%,
02/22/31
|
|
146
|
145,750
|
|
|
|
|
1,212,547
|
|
Pharmaceuticals — 0.1%
|
|||
|
Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
08/01/32
|
|
294
|
295,132
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pharmaceuticals (continued)
|
|||
|
Elanco Animal Health, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/31/32
|
USD
|
85
|
$ 84,827
|
|
Endo Finance Holdings, Inc., 2024 1st Lien Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),
7.42%, 04/23/31
|
|
69
|
68,999
|
|
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2,
(1-mo. CME Term SOFR + 2.25%), 5.92%, 05/05/28
|
|
274
|
274,541
|
|
Organon & Co., 2024 USD Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 5.92%,
05/19/31
|
|
49
|
46,345
|
|
Perrigo Investments LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
04/20/29
|
|
80
|
79,693
|
|
PRA Health Sciences, Inc., 2024 US Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.70%, 07/03/28
|
|
14
|
13,684
|
|
|
|
|
863,221
|
|
Professional Services — 0.2%
|
|||
|
AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%,
08/12/32
|
|
117
|
115,870
|
|
Amentum Holdings, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
09/29/31
|
|
177
|
177,138
|
|
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.28%, 06/02/28
|
|
244
|
232,713
|
|
Corpay Technologies Operating Co. LLC, Term Loan B5,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 04/28/28
|
|
303
|
302,712
|
|
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.00% and 3.25% PIK),
8.92%, 07/31/30(h)
|
|
86
|
74,020
|
|
Trans Union LLC
|
|
|
|
|
2024 Term Loan B8, (3-mo. CME Term SOFR at
0.00% Floor + 1.75%), 5.45%, 06/24/31
|
|
202
|
200,781
|
|
2024 Term Loan B9, (3-mo. CME Term SOFR at
0.50% Floor + 1.75%), 5.45%, 06/24/31
|
|
126
|
124,821
|
|
Zelis Payments Buyer, Inc.
|
|
|
|
|
5th Amendment Term Loan, (1-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 6.92%, 11/26/31
|
|
298
|
288,085
|
|
Term Loan B, (1-mo. CME Term SOFR + 2.75%),
6.42%, 09/28/29
|
|
159
|
153,497
|
|
|
|
|
1,669,637
|
|
Real Estate Management & Development — 0.0%
|
|||
|
Cushman & Wakefield U.S. Borrower LLC, 2025 Term
Loan B3, (1-mo. CME Term SOFR at 0.50% Floor +
2.75%), 6.42%, 01/31/30(c)
|
|
63
|
62,872
|
|
Semiconductors & Semiconductor Equipment — 0.0%
|
|||
|
Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 07/06/29
|
|
95
|
94,785
|
|
Qnity Electronics, Inc., Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 11/01/32
|
|
328
|
327,357
|
|
|
|
|
422,142
|
|
Software — 0.7%
|
|||
|
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.95%,
02/24/31
|
|
502
|
491,944
|
|
Security
|
|
Par
(000)
|
Value
|
|
Software (continued)
|
|||
|
Avalara, Inc., 2025 Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 2.75%), 6.45%, 03/26/32
|
USD
|
149
|
$ 145,664
|
|
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.50%), 8.17%,
08/15/29
|
|
135
|
85,306
|
|
Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/30/31
|
|
450
|
415,611
|
|
Capstone Borrower, Inc., 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.45%,
06/17/30
|
|
87
|
82,917
|
|
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME
Term SOFR + 2.00%), 5.67%, 01/23/32
|
|
216
|
214,249
|
|
Cloud Software Group, Inc.
|
|
|
|
|
2025 Term Loan B (2031), (3-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 6.95%, 03/21/31
|
|
366
|
334,501
|
|
2025 Term Loan B (2032), (3-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 6.95%, 08/13/32
|
|
377
|
343,415
|
|
Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.85%), 7.52%, 10/08/28
|
|
63
|
56,117
|
|
Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 7.68%, 12/09/31
|
|
172
|
164,671
|
|
CoreLogic, Inc., 2nd Lien Term Loan, (1-mo. CME Term
SOFR + 6.61%), 10.28%, 06/04/29
|
|
90
|
83,644
|
|
Darktrace PLC, 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.25%), 6.90%, 10/09/31
|
|
49
|
46,566
|
|
Dayforce, Inc., 2026 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.66%, 02/04/33
|
|
320
|
302,310
|
|
DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR + 4.25%), 7.95%, 06/26/31
|
|
87
|
81,118
|
|
Ellucian Holdings, Inc.
|
|
|
|
|
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 2.50%), 6.17%, 10/08/29
|
|
437
|
424,527
|
|
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR
at 0.50% Floor + 4.75%), 8.42%, 11/22/32
|
|
71
|
67,746
|
|
Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 1.75%), 5.42%, 09/12/29
|
|
437
|
431,554
|
|
Genesys Cloud Services, Inc., 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 01/30/32
|
|
320
|
305,957
|
|
Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%,
03/22/32
|
|
466
|
433,565
|
|
McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
03/01/29
|
|
217
|
192,655
|
|
MH Sub I LLC, 2024 Term Loan B4, (1-mo. CME Term
SOFR at 0.50% Floor + 4.25%), 7.92%, 12/31/31
|
|
78
|
51,760
|
|
Mitchell International, Inc., 2024 2nd Lien Term Loan,
(1-mo. CME Term SOFR + 5.25%), 8.92%, 06/17/32
|
|
39
|
35,168
|
|
MKS Instruments, Inc., 2026 USD Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 1.75%), 5.41%,
02/04/33
|
|
181
|
181,056
|
|
Ping Identity Corp., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 11/15/32(c)
|
|
72
|
71,010
|
|
Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%,
08/31/28
|
|
474
|
458,430
|
|
Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.95%,
06/28/30(c)
|
|
131
|
108,405
|
|
Security
|
|
Par
(000)
|
Value
|
|
Software (continued)
|
|||
|
RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.26%), 6.96%, 04/24/28
|
USD
|
227
|
$ 216,727
|
|
SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/09/31
|
|
341
|
340,061
|
|
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 2.50%), 6.17%, 02/10/31
|
|
361
|
344,408
|
|
VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 04/12/31
|
|
339
|
330,769
|
|
|
|
|
6,841,831
|
|
Specialty Retail — 0.2%
|
|||
|
Belron Finance 2019 LLC, 2026 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.66%, 10/16/31
|
|
482
|
481,220
|
|
Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.70%,
01/20/32
|
|
286
|
284,145
|
|
LS Group OpCo Acquistion LLC, 2025 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 04/23/31
|
|
128
|
127,895
|
|
Mavis Tire Express Services Topco Corp.,
2025 Repriced Term Loan, (1-mo. CME Term SOFR
at 0.75% Floor + 3.00%), 6.67%, 05/04/28
|
|
436
|
435,492
|
|
Peer USA LLC, 2025 USD Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.95%,
10/14/32
|
|
48
|
47,520
|
|
Project Aurora US Finco, Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.45%,
12/06/32
|
|
33
|
33,000
|
|
Pye-Barker Fire & Safety LLC
|
|
|
|
|
2025 Delayed Draw Term Loan, 12/16/32(n)
|
|
22
|
21,989
|
|
2025 Term Loan, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 12/16/32
|
|
147
|
147,161
|
|
Restoration Hardware, Inc.
|
|
|
|
|
2022 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.35%), 7.02%, 10/20/28
|
|
38
|
37,373
|
|
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.50%), 6.28%, 10/20/28
|
|
88
|
85,856
|
|
|
|
|
1,701,651
|
|
Technology Hardware, Storage & Peripherals — 0.0%
|
|||
|
Finastra USA, Inc., 2025 USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.67%,
09/15/32
|
|
432
|
405,000
|
|
Textiles, Apparel & Luxury Goods — 0.0%
|
|||
|
ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw
Term Loan, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 02/13/32
|
|
89
|
88,423
|
|
Tobacco — 0.0%
|
|||
|
Savor Acquisition, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 02/19/32
|
|
8
|
7,961
|
|
Trading Companies & Distributors — 0.0%
|
|||
|
TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 1.00% Floor + 4.00%), 7.67%,
07/02/29(c)
|
|
73
|
33,225
|
|
Transportation Infrastructure — 0.1%
|
|||
|
Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 09/23/31
|
|
438
|
438,325
|
|
Security
|
|
Par
(000)
|
Value
|
|
Transportation Infrastructure (continued)
|
|||
|
OLA Netherlands BV, Term Loan, (1-mo. CME Term
SOFR at 0.75% Floor + 6.35%), 10.02%, 12/15/26
|
USD
|
118
|
$ 117,469
|
|
Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 03/18/30
|
|
181
|
179,985
|
|
SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 2.00% Floor + 8.00%), 11.66%,
08/20/29
|
|
55
|
21,024
|
|
|
|
|
756,803
|
|
Wireless Telecommunication Services — 0.1%
|
|||
|
Digicel International Finance Ltd., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 5.25%),
8.92%, 08/06/32
|
|
79
|
78,622
|
|
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
01/25/31
|
|
257
|
257,517
|
|
Windstream Services LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
10/06/32
|
|
172
|
172,461
|
|
|
|
|
508,600
|
|
Total Floating Rate Loan Interests — 7.3%
(Cost: $76,534,929)
|
74,688,941
|
||
|
Foreign Agency Obligations
|
|||
|
Brazil — 0.5%
|
|
||
|
Brazilian Government International Bonds, 5.00%,
01/27/45
|
|
6,525
|
5,124,604
|
|
China — 0.0%
|
|
||
|
China Development Bank/Hong Kong, 2.00%,
02/16/27(g)
|
|
200
|
196,400
|
|
Export-Import Bank of China, 3.38%, 03/14/27(g)
|
|
200
|
198,296
|
|
|
|
|
394,696
|
|
Hong Kong — 0.0%
|
|
||
|
Airport Authority, 3.25%, 01/12/52(g)
|
|
200
|
150,336
|
|
India — 0.0%
|
|
||
|
Export-Import Bank of India, 3.88%, 02/01/28(g)
|
|
200
|
197,600
|
|
Indonesia — 0.2%
|
|
||
|
Indonesia Government International Bonds
|
|
|
|
|
4.65%, 09/20/32
|
|
250
|
245,000
|
|
4.85%, 01/11/33
|
|
200
|
196,222
|
|
5.25%, 01/17/42(g)
|
|
200
|
191,500
|
|
4.75%, 07/18/47(g)
|
|
200
|
175,550
|
|
3.70%, 10/30/49
|
|
200
|
143,236
|
|
3.50%, 02/14/50(f)
|
|
200
|
138,570
|
|
Perusahaan Penerbit SBSN Indonesia III(g)
|
|
|
|
|
1.50%, 06/09/26
|
|
200
|
199,042
|
|
4.40%, 06/06/27
|
|
200
|
199,946
|
|
|
|
|
1,489,066
|
|
Mexico — 1.6%
|
|
||
|
Eagle Funding Luxco SARL, 5.50%, 08/17/30(b)(f)
|
|
11,150
|
11,177,875
|
|
Mexico Government International Bonds, 4.75%,
03/08/44
|
|
5,800
|
4,651,600
|
|
|
|
|
15,829,475
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pakistan — 0.1%
|
|
||
|
Pakistan Government International Bonds(g)
|
|
|
|
|
6.00%, 04/08/26
|
USD
|
450
|
$ 449,190
|
|
7.38%, 04/08/31
|
|
200
|
185,400
|
|
|
|
|
634,590
|
|
Philippines — 0.0%
|
|
||
|
Philippines Government International Bonds
|
|
|
|
|
3.70%, 03/01/41
|
|
300
|
241,200
|
|
2.65%, 12/10/45
|
|
200
|
125,800
|
|
|
|
|
367,000
|
|
Republic of Korea — 0.0%
|
|
||
|
Korea National Oil Corp., 4.88%, 04/03/29(g)
|
|
200
|
202,854
|
|
Saudi Arabia — 0.0%
|
|
||
|
Saudi Government International Bonds, 4.50%,
10/26/46(g)
|
|
200
|
162,050
|
|
South Korea — 0.1%
|
|
||
|
Export-Import Bank of Korea, 1.63%, 01/18/27
|
|
200
|
196,114
|
|
Korea Development Bank, 4.38%, 02/15/33
|
|
200
|
198,430
|
|
Korea Expressway Corp., 1.13%, 05/17/26(g)
|
|
200
|
199,162
|
|
|
|
|
593,706
|
|
United Arab Emirates — 0.0%
|
|
||
|
Sharjah Sukuk Program Ltd., 6.09%, 03/19/34(g)
|
|
250
|
254,188
|
|
Uruguay — 0.3%
|
|
||
|
Uruguay Government International Bonds, 5.10%,
06/18/50(f)
|
|
3,500
|
3,211,810
|
|
Total Foreign Agency Obligations — 2.8%
(Cost: $30,723,240)
|
28,611,975
|
||
|
|
|
Shares
|
|
|
Investment Companies
|
|||
|
Equity Funds — 3.3%
|
|
||
|
H-Food Holdings, LLC
|
|
1,014
|
18,759
|
|
Invesco Senior Loan ETF
|
|
170,000
|
3,469,700
|
|
VanEck J.P. Morgan EM Local Currency Bond ETF
|
|
1,225,694
|
30,777,176
|
|
|
|
|
34,265,635
|
|
Total Investment Companies — 3.3%
(Cost: $34,507,553)
|
34,265,635
|
||
|
|
|
Par
(000)
|
|
|
Preferred Securities
|
|||
|
Capital Trusts — 9.9%
|
|||
|
Automobiles — 0.3%
|
|
||
|
General Motors Financial Co., Inc., Series C, 5.70%(a)(i)
|
USD
|
2,565
|
2,515,680
|
|
Banks(a)(i) — 1.0%
|
|
||
|
HDFC Bank Ltd., 3.70%(g)
|
|
200
|
196,878
|
|
Industrial & Commercial Bank of China Ltd., 3.20%(g)
|
|
300
|
297,972
|
|
Kasikornbank PCL, 4.00%(g)
|
|
300
|
295,500
|
|
Macquarie Bank Ltd., 6.13%(b)(f)
|
|
1,885
|
1,890,485
|
|
PNC Financial Services Group, Inc.
|
|
|
|
|
Series V, 6.20%(f)
|
|
5,529
|
5,541,274
|
|
Security
|
|
Par
(000)
|
Value
|
|
Banks (continued)
|
|
||
|
PNC Financial Services Group, Inc. (continued)
|
|
|
|
|
Series W, 6.25%
|
USD
|
1,250
|
$ 1,260,968
|
|
Standard Chartered PLC(g)
|
|
|
|
|
7.63%
|
|
200
|
204,436
|
|
7.88%
|
|
400
|
414,156
|
|
|
|
|
10,101,669
|
|
Capital Markets — 0.0%
|
|
||
|
Nomura Holdings, Inc., 7.00%(a)(i)
|
|
375
|
377,536
|
|
Commercial Services & Supplies — 0.0%
|
|
||
|
Royal Capital BV, 5.00%(a)(g)(i)
|
|
200
|
199,500
|
|
Electric Utilities(a) — 1.0%
|
|
||
|
Dominion Energy, Inc., Series B, 7.00%, 06/01/54
|
|
1,810
|
1,914,419
|
|
PPL Capital Funding, Inc., Series A, 6.63%, 03/30/67(f)
|
|
8,300
|
8,188,246
|
|
|
|
|
10,102,665
|
|
Financial Services — 4.6%
|
|
||
|
Bank of America Corp., Series U, 6.25%(a)(f)(i)
|
|
10,000
|
10,060,230
|
|
Barclays PLC(a)(i)
|
|
|
|
|
4.38%
|
|
1,630
|
1,545,575
|
|
9.63%
|
|
3,340
|
3,643,122
|
|
Citigroup, Inc.(a)(i)
|
|
|
|
|
Series BB, 7.20%(f)
|
|
6,750
|
6,878,702
|
|
Series EE, 6.75%
|
|
3,200
|
3,198,559
|
|
Goldman Sachs Group, Inc., 6.85%(a)(f)(i)
|
|
7,278
|
7,418,560
|
|
HSBC Holdings PLC, 7.05%(a)(i)
|
|
400
|
402,944
|
|
JPMorgan Chase & Co., 8.75%, 09/01/30
|
|
2,000
|
2,320,057
|
|
Mitsubishi UFJ Financial Group, Inc.(a)(i)
|
|
|
|
|
6.35%
|
|
400
|
393,134
|
|
8.20%
|
|
425
|
454,865
|
|
Sumitomo Mitsui Financial Group, Inc., 6.45%(a)(i)
|
|
300
|
292,075
|
|
UBS Group AG(a)(b)(i)
|
|
|
|
|
7.75%
|
|
4,845
|
4,992,390
|
|
Series NC10, 9.25%
|
|
4,807
|
5,413,831
|
|
|
|
|
47,014,044
|
|
Independent Power and Renewable Electricity Producers — 0.1%
|
|
||
|
Vistra Corp., 7.00%(a)(b)(i)
|
|
1,349
|
1,350,729
|
|
Insurance — 1.9%
|
|
||
|
ACE Capital Trust II, 9.70%, 04/01/30(f)
|
|
7,000
|
8,227,950
|
|
Dai-ichi Life Insurance Co. Ltd., 6.20%(a)(g)(i)
|
|
200
|
201,190
|
|
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%,
04/01/27(f)
|
|
5,000
|
4,905,730
|
|
FWD Group Holdings Ltd.(g)
|
|
|
|
|
5.25%, 09/22/30
|
|
475
|
471,936
|
|
5.84%, 09/22/35
|
|
475
|
469,576
|
|
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52(a)(g)
|
|
200
|
202,128
|
|
MetLife, Inc., 6.40%, 12/15/66(f)
|
|
5,000
|
5,105,190
|
|
|
|
|
19,583,700
|
|
Oil, Gas & Consumable Fuels(a) — 0.4%
|
|
||
|
Enterprise Products Operating LLC, 6.71%, 06/01/67(f)
|
|
2,500
|
2,470,317
|
|
Venture Global LNG, Inc., 9.00%(b)(i)
|
|
1,305
|
1,299,840
|
|
|
|
|
3,770,157
|
|
Passenger Airlines(a)(g)(i) — 0.0%
|
|
||
|
Airport Authority
|
|
|
|
|
2.10%
|
|
200
|
198,750
|
|
2.40%
|
|
200
|
192,000
|
|
|
|
|
390,750
|
|
Security
|
|
Par
(000)
|
Value
|
|
Transportation Infrastructure — 0.1%
|
|
||
|
MTR Corp. CI Ltd., 5.63%(a)(g)(i)
|
USD
|
600
|
$ 619,200
|
|
Wireless Telecommunication Services — 0.5%
|
|
||
|
Vodafone Group PLC, 7.00%, 04/04/79(a)
|
|
4,745
|
4,880,501
|
|
|
100,906,131
|
||
|
|
|
Shares
|
|
|
Preferred Stocks — 0.0%(d)
|
|||
|
Ground Transportation — 0.0%
|
|
||
|
Sirva BGRS Holdings, Inc., 07/21/30
|
|
22
|
3,966
|
|
IT Services(c) — 0.0%
|
|
||
|
Veritas Newco
|
|
|
|
|
Series G
|
|
311
|
5,897
|
|
Series G-1
|
|
214
|
4,072
|
|
|
|
|
9,969
|
|
|
13,935
|
||
|
Total Preferred Securities — 9.9%
(Cost: $98,546,659)
|
100,920,066
|
||
|
|
|
Par
(000)
|
|
|
U.S. Government Sponsored Agency Securities
|
|||
|
Mortgage-Backed Securities(o) — 15.5%
|
|
||
|
Uniform Mortgage-Backed Securities
|
|
|
|
|
2.50%, 04/13/56
|
USD
|
93,855
|
78,896,476
|
|
5.50%, 04/13/56
|
|
79,062
|
79,426,134
|
|
|
|
|
158,322,610
|
|
Total U.S. Government Sponsored Agency Securities — 15.5%
(Cost: $160,028,818)
|
158,322,610
|
||
|
|
|
Shares
|
|
|
Warrants
|
|||
|
Financial Services — 0.0%
|
|
||
|
Service King (Carnelian Point), (Exercisable 01/14/23,
1 Share for 1 Warrant, Expires 06/30/27, Strike Price
USD 10.00)(d)
|
|
321
|
—
|
|
Total Warrants — 0.0%
(Cost: $ — )
|
—
|
||
|
Total Long-Term Investments — 161.3%
(Cost: $1,675,503,160)
|
1,651,898,474
|
||
|
Security
|
|
Shares
|
Value
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 0.3%
|
|
||
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
3.55%(p)(q)
|
|
3,524,822
|
$ 3,524,822
|
|
Total Short-Term Securities — 0.3%
(Cost: $3,524,822)
|
3,524,822
|
||
|
Options Purchased — 0.0%
(Cost: $121,978)
|
123,464
|
||
|
Total Investments Before Options Written — 161.6%
(Cost: $1,679,149,960)
|
1,655,546,760
|
||
|
Options Written — (0.0)%
(Premiums Received: $(48,143))
|
(50,600
)
|
||
|
Total Investments, Net of Options Written — 161.6%
(Cost: $1,679,101,817)
|
1,655,496,160
|
||
|
Liabilities in Excess of Other Assets — (61.6)%
|
(631,357,107
)
|
||
|
Net Assets — 100.0%
|
$ 1,024,139,053
|
||
|
(a)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from registration
to
qualified institutional investors.
|
|
(c)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(d)
|
Non-income producing security.
|
|
(e)
|
Restricted security as to resale, excluding 144A securities. The Trust held restricted
securities with a current value of $46,480, representing less than 0.05% of its net
assets
as of period end, and an original cost of $5,212.
|
|
(f)
|
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
|
|
(g)
|
This security may be resold to qualified foreign investors and foreign institutional
buyers
under Regulation S of the Securities Act of 1933.
|
|
(h)
|
Payment-in-kind security which may pay interest/dividends in additional par/shares
and/or in cash. Rates shown are the current rate and possible payment rates.
|
|
(i)
|
Perpetual security with no stated maturity date.
|
|
(j)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(k)
|
Zero-coupon bond.
|
|
(l)
|
Convertible security.
|
|
(m)
|
When-issued security.
|
|
(n)
|
Represents an unsettled loan commitment at period end. Certain details associated
with
this purchase are not known prior to the settlement date, including coupon rate.
|
|
(o)
|
Represents or includes a TBA transaction.
|
|
(p)
|
Affiliate of the Trust.
|
|
(q)
|
Annualized 7-day yield as of period end.
|
|
Affiliated Issuer
|
Value at
12/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
03/31/26
|
Shares
Held at
03/31/26
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares
|
$ 2,595,886
|
$ 928,936
(a)
|
$ —
|
$ —
|
$ —
|
$ 3,524,822
|
3,524,822
|
$ 54,595
|
$ —
|
|
iShares MSCI Emerging Markets ETF(b)
|
7,862,702
|
—
|
(8,233,490
)
|
439,062
|
(68,274
)
|
—
|
—
|
—
|
—
|
|
|
|
|
|
$ 439,062
|
$ (68,274
)
|
$ 3,524,822
|
|
$ 54,595
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
(b)
|
As of period end, the entity is no longer held.
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
TD Securities (USA) LLC
|
3.82
%(b)
|
10/09/25
|
Open
|
$ 4,497,719
|
$ 4,583,541
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
912,037
|
929,440
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
3,969,686
|
4,045,433
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
3,845,781
|
3,919,164
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
2,868,285
|
2,923,016
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
7,143,212
|
7,279,515
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/10/25
|
Open
|
13,985,437
|
14,151,511
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/10/25
|
Open
|
8,067,500
|
8,163,299
|
Capital Trusts
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/10/25
|
Open
|
4,813,087
|
4,870,242
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/10/25
|
Open
|
381,150
|
385,712
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/11/25
|
Open
|
401,850
|
406,614
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/17/25
|
Open
|
7,857,500
|
7,943,900
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
2.90
(b)
|
01/07/26
|
Open
|
717,133
|
722,361
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
01/15/26
|
Open
|
623,104
|
628,129
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.60
(b)
|
01/21/26
|
Open
|
495,414
|
498,882
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.70
(b)
|
01/21/26
|
Open
|
1,967,500
|
1,981,655
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.70
(b)
|
01/21/26
|
Open
|
800,000
|
805,756
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
187,060
|
188,238
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
388,088
|
390,532
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
98,940
|
99,563
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.65
(b)
|
01/28/26
|
Open
|
355,875
|
358,148
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.65
(b)
|
01/28/26
|
Open
|
94,325
|
94,927
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.68
(b)
|
01/28/26
|
Open
|
1,501,994
|
1,511,667
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.70
(b)
|
01/28/26
|
Open
|
800,497
|
805,681
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.70
(b)
|
01/28/26
|
Open
|
4,715,625
|
4,746,159
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.70
(b)
|
01/28/26
|
Open
|
568,811
|
572,494
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.71
(b)
|
01/28/26
|
Open
|
364,893
|
367,262
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.71
(b)
|
01/28/26
|
Open
|
327,774
|
329,902
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.72
(b)
|
01/28/26
|
Open
|
1,026,900
|
1,033,585
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
8,969,625
|
9,028,331
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
569,319
|
573,045
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
1,356,300
|
1,365,177
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
377,580
|
380,051
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
202,139
|
203,462
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
315,945
|
318,013
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
970,920
|
977,275
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
4,141,125
|
4,168,229
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
554,490
|
558,119
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
1,475,625
|
1,485,283
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.75
(b)
|
01/28/26
|
Open
|
2,535,437
|
2,552,076
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
(b)
|
01/29/26
|
Open
|
1,667,151
|
1,667,151
|
Capital Trusts
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
(b)
|
01/29/26
|
Open
|
2,201,062
|
2,201,062
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
(b)
|
01/29/26
|
Open
|
4,735,000
|
4,735,000
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.80
(b)
|
01/30/26
|
Open
|
5,362,500
|
5,397,029
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
HSBC Securities (USA), Inc.
|
3.77
%(b)
|
01/30/26
|
Open
|
$ 4,694,516
|
$ 4,724,504
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
01/30/26
|
Open
|
5,972,791
|
6,010,945
|
Corporate Bonds
|
Open/Demand
|
|
Morgan Stanley & Co. LLC
|
(0.75
)
|
02/12/26
|
04/08/26
|
98,750
|
98,750
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.00
|
02/12/26
|
04/08/26
|
45,750
|
45,750
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.25
|
02/12/26
|
04/08/26
|
190,993
|
191,056
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
1.85
|
02/12/26
|
04/08/26
|
528,105
|
529,408
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
2.75
|
02/12/26
|
04/08/26
|
150,750
|
151,303
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.00
|
02/12/26
|
04/08/26
|
134,724
|
135,263
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.25
|
02/12/26
|
04/08/26
|
90,821
|
91,215
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.65
|
02/12/26
|
04/08/26
|
330,143
|
331,749
|
Corporate Bonds
|
Up to 30 Days
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/13/26
|
Open
|
5,756,250
|
5,784,582
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
|
02/27/26
|
Open
|
4,775,000
|
4,791,502
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/27/26
|
Open
|
5,153,517
|
5,171,327
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.78
(b)
|
03/11/26
|
Open
|
4,651,612
|
4,661,869
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
2.25
|
03/12/26
|
04/09/26
|
156,366
|
156,561
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.00
|
03/12/26
|
04/09/26
|
122,579
|
122,783
|
Foreign Agency Obligations
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.00
|
03/12/26
|
04/09/26
|
149,831
|
150,081
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.25
|
03/12/26
|
04/09/26
|
158,142
|
158,428
|
Foreign Agency Obligations
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.60
|
03/12/26
|
04/09/26
|
7,284,866
|
7,299,435
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.62
|
03/12/26
|
04/09/26
|
3,559,656
|
3,566,815
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.70
|
03/12/26
|
04/09/26
|
4,552,350
|
4,561,708
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.70
|
03/12/26
|
04/09/26
|
4,600,000
|
4,609,456
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
714,743
|
716,228
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,603,175
|
1,606,506
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
661,045
|
662,418
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
3,167,050
|
3,173,630
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
391,790
|
392,604
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
8,925,962
|
8,944,509
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
4,662,500
|
4,672,188
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
5,602,500
|
5,614,141
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,867,500
|
1,871,380
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
3,070,687
|
3,077,068
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,981,912
|
1,986,030
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
10,778,025
|
10,800,419
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
658,184
|
659,551
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
10,811,055
|
10,833,518
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
16,644,330
|
16,678,913
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
10,887,500
|
10,910,122
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
12,195,000
|
12,220,338
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
4,891,186
|
4,901,348
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,946,875
|
1,950,920
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
12,686,581
|
12,712,941
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
5,904,562
|
5,916,831
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
2,625,750
|
2,631,206
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
2,424,956
|
2,429,995
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
2,312,500
|
2,317,305
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
11,953,875
|
11,978,712
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.75
|
03/12/26
|
04/09/26
|
13,316,937
|
13,344,681
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/16/26
|
04/09/26
|
4,910,295
|
4,918,457
|
Corporate Bonds
|
Up to 30 Days
|
|
BNP Paribas SA
|
3.79
(b)
|
03/16/26
|
Open
|
5,583,585
|
5,592,990
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.83
(b)
|
03/16/26
|
Open
|
281,193
|
281,671
|
Corporate Bonds
|
Open/Demand
|
|
J.P. Morgan Securities LLC
|
3.55
|
03/20/26
|
05/01/26
|
679,478
|
680,282
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.60
|
03/20/26
|
05/01/26
|
158,828
|
159,018
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.60
|
03/20/26
|
05/01/26
|
252,386
|
252,689
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.65
|
03/20/26
|
05/01/26
|
183,438
|
183,661
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.65
|
03/20/26
|
05/01/26
|
2,706,875
|
2,710,168
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.72
|
03/20/26
|
05/01/26
|
2,247,506
|
2,250,293
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.74
|
03/20/26
|
05/01/26
|
969,600
|
970,809
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
5,902,725
|
5,910,103
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
2,619,292
|
2,622,567
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
3,191,250
|
3,195,239
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
6,792,660
|
6,801,151
|
Corporate Bonds
|
31 - 90 Days
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
J.P. Morgan Securities LLC
|
3.75
%
|
03/20/26
|
05/01/26
|
$ 265,300
|
$ 265,632
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
1,468,406
|
1,470,242
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
1,970,579
|
1,973,042
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.79
|
03/20/26
|
05/01/26
|
1,189,669
|
1,191,172
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.80
|
03/20/26
|
05/01/26
|
4,642,656
|
4,648,537
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.81
|
03/20/26
|
05/01/26
|
3,743,750
|
3,748,505
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.10
|
03/20/26
|
06/03/26
|
3,876,317
|
3,880,323
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.20
|
03/20/26
|
06/03/26
|
128,260
|
128,397
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
44,693
|
44,743
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
696,950
|
697,740
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
594,000
|
594,673
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.45
|
03/20/26
|
06/03/26
|
241,680
|
241,958
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.50
|
03/20/26
|
06/03/26
|
149,558
|
149,732
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.50
|
03/20/26
|
06/03/26
|
365,250
|
365,676
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
79,806
|
79,902
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
235,909
|
236,192
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
264,180
|
264,497
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
734,315
|
735,196
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
865,300
|
866,338
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
2,276,250
|
2,278,981
|
Capital Trusts
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
244,860
|
245,154
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
391,250
|
391,719
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
193,800
|
194,033
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
181,800
|
182,018
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
239,475
|
239,762
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
693,322
|
694,154
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
3,174,281
|
3,178,090
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
1,236,247
|
1,237,752
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
160,020
|
160,215
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
1,688,115
|
1,690,169
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
1,613,124
|
1,615,086
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
1,449,690
|
1,451,454
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
95,618
|
95,734
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
298,626
|
298,995
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
268,553
|
268,884
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,930,000
|
1,932,380
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
85,020
|
85,125
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
81,244
|
81,344
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
375,235
|
375,698
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
2,803,369
|
2,806,826
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
363,676
|
364,125
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
5,332,500
|
5,339,077
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
106,260
|
106,391
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
90,599
|
90,710
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,281,455
|
1,283,035
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
6,665,625
|
6,673,846
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.73
|
03/20/26
|
06/03/26
|
2,820,000
|
2,823,506
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.73
|
03/20/26
|
06/03/26
|
4,937,500
|
4,943,639
|
Capital Trusts
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.73
|
03/20/26
|
06/03/26
|
10,821,250
|
10,834,704
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.74
|
03/20/26
|
06/03/26
|
5,128,875
|
5,135,269
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
285,206
|
285,563
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
9,771,094
|
9,783,308
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
4,107,750
|
4,112,885
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
6,892,200
|
6,900,815
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
5,311,845
|
5,318,485
|
Corporate Bonds
|
31 - 90 Days
|
|
Nomura Securities International, Inc.
|
3.60
(b)
|
03/30/26
|
Open
|
3,004,603
|
3,005,204
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.65
|
03/30/26
|
Open
|
721,124
|
721,270
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
|
03/30/26
|
Open
|
1,087,625
|
1,087,847
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
(b)
|
03/30/26
|
Open
|
80,275
|
80,291
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
(b)
|
03/30/26
|
Open
|
1,227,600
|
1,227,850
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
|
03/30/26
|
Open
|
1,291,150
|
1,291,413
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.70
(b)
|
03/30/26
|
Open
|
216,450
|
216,494
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
Nomura Securities International, Inc.
|
3.72
%(b)
|
03/30/26
|
Open
|
$ 717,586
|
$ 717,735
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
317,600
|
317,666
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
186,675
|
186,714
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
523,388
|
523,496
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
175,000
|
175,036
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
731,542
|
731,694
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
5,330,625
|
5,331,730
|
Capital Trusts
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
466,719
|
466,815
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
255,960
|
256,013
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
184,721
|
184,760
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
143,895
|
143,925
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
541,884
|
541,996
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
362,905
|
362,980
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
1,124,750
|
1,124,983
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
455,625
|
455,719
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
79,310
|
79,326
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.80
(b)
|
03/30/26
|
Open
|
10,667,277
|
10,669,529
|
Foreign Agency Obligations
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
|
03/31/26
|
04/09/26
|
9,512,500
|
9,513,488
|
Capital Trusts
|
Up to 30 Days
|
|
|
|
|
|
$ 495,893,299
|
$ 497,718,123
|
|
|
|
(a)
|
Certain agreements have no stated maturity and can be terminated by either party at
any time.
|
|
(b)
|
Variable rate security. Rate as of period end and maturity is the date the principal
owed can be recovered through demand.
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount (000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Long Contracts
|
|
|
|
|
|
2-Year U.S. Treasury Note
|
184
|
06/30/26
|
$ 38,174
|
$ (277,596
)
|
|
5-Year U.S. Treasury Note
|
1,049
|
06/30/26
|
113,472
|
(1,347,144
)
|
|
|
|
|
|
(1,624,740
)
|
|
Short Contracts
|
|
|
|
|
|
10-Year U.S. Treasury Note
|
129
|
06/18/26
|
14,317
|
189,283
|
|
10-Year U.S. Ultra Long Treasury Note
|
987
|
06/18/26
|
111,963
|
2,207,672
|
|
U.S. Long Bond
|
939
|
06/18/26
|
106,694
|
3,264,686
|
|
Ultra U.S. Treasury Bond
|
282
|
06/18/26
|
32,800
|
1,114,127
|
|
|
|
|
|
6,775,768
|
|
|
|
|
|
$ 5,151,028
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
USD
|
260,356
|
GBP
|
196,000
|
Toronto-Dominion Bank
|
06/17/26
|
$ 989
|
|
USD
|
4,659,965
|
EUR
|
4,042,000
|
Societe Generale
|
06/17/26
|
(28,216
)
|
|
USD
|
1,499,506
|
EUR
|
1,300,000
|
Toronto-Dominion Bank
|
06/17/26
|
(8,321
)
|
|
|
|
|
|
|
|
(36,537
)
|
|
|
$ (35,548
)
|
|||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Exercise Price
|
Notional
Amount (000)
|
Value
|
||
|
Put
|
|
|
|
|
|
|
|
|
SPDR S&P 500 ETF Trust
|
368
|
04/08/26
|
USD
|
635.00
|
USD
|
23,933
|
$ 123,464
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Exercise Price
|
Notional
Amount (000)
|
Value
|
||
|
Put
|
|
|
|
|
|
|
|
|
SPDR S&P 500 ETF Trust
|
368
|
04/08/26
|
USD
|
620.00
|
USD
|
23,933
|
$ (50,600
)
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Asset-Backed Securities
|
$ —
|
$ 131,238,917
|
$ —
|
$ 131,238,917
|
|
Common Stocks
|
—
|
228,422
|
168,825
|
397,247
|
|
Corporate Bonds
|
—
|
1,123,126,993
|
—
|
1,123,126,993
|
|
Fixed Rate Loan Interests
|
—
|
326,090
|
—
|
326,090
|
|
Floating Rate Loan Interests
|
—
|
73,285,112
|
1,403,829
|
74,688,941
|
|
Foreign Agency Obligations
|
—
|
28,611,975
|
—
|
28,611,975
|
|
Investment Companies
|
|
|
|
|
|
Equity Funds
|
34,246,876
|
18,759
|
—
|
34,265,635
|
|
Preferred Securities
|
|
|
|
|
|
Capital Trusts
|
—
|
100,906,131
|
—
|
100,906,131
|
|
Preferred Stocks
|
—
|
3,966
|
9,969
|
13,935
|
|
U.S. Government Sponsored Agency Securities
|
—
|
158,322,610
|
—
|
158,322,610
|
|
Warrants
|
—
|
—
|
—
|
—
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
3,524,822
|
—
|
—
|
3,524,822
|
|
Options Purchased
|
|
|
|
|
|
Equity Contracts
|
123,464
|
—
|
—
|
123,464
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
34
|
—
|
34
|
|
Liabilities
|
|
|
|
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
(5,340
)
|
(2,744
)
|
(8,084
)
|
|
|
$37,895,162
|
$1,616,063,669
|
$1,579,879
|
$1,655,538,710
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Derivative Financial Instruments(b)
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Foreign Currency Exchange Contracts
|
$ —
|
$ 989
|
$ —
|
$ 989
|
|
Interest Rate Contracts
|
6,775,768
|
—
|
—
|
6,775,768
|
|
Liabilities
|
|
|
|
|
|
Equity Contracts
|
(50,600
)
|
—
|
—
|
(50,600
)
|
|
Foreign Currency Exchange Contracts
|
—
|
(36,537
)
|
—
|
(36,537
)
|
|
Interest Rate Contracts
|
(1,624,740
)
|
—
|
—
|
(1,624,740
)
|
|
|
$5,100,428
|
$(35,548
)
|
$—
|
$5,064,880
|
|
(a)
|
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation)
on the commitment.
|
|
(b)
|
Derivative financial instruments are futures contracts, forward foreign currency exchange
contracts and options written. Futures contracts and forward foreign currency exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument
and options written are shown at value.
|
|
Currency Abbreviation
|
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
USD
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United States Dollar
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Portfolio Abbreviation
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CLO
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Collateralized Loan Obligation
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CME
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Chicago Mercantile Exchange
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CMT
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Constant Maturity Treasury
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CVR
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Contingent Value Right
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DAC
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Designated Activity Company
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DIP
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Debtor-In-Possession
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ETF
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Exchange-Traded Fund
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GO
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General Obligation Bonds
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PCL
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Public Company Limited
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PIK
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Payment-in-Kind
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PJSC
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Public Joint Stock Company
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REIT
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Real Estate Investment Trust
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S&P
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Standard & Poor’s
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SOFR
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Secured Overnight Financing Rate
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SPDR
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Standard & Poor’s Depository Receipt
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