|
2026 Quarterly Report
(Unaudited)
|
|
BlackRock Multi-Sector Income Trust (BIT)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities
|
|||
|
AGL Core CLO Ltd., Series 2019-2A, Class A1R, (3-mo.
CME Term SOFR + 1.46%), 5.13%, 07/20/37(a)(b)
|
USD
|
1,626
|
$ 1,626,485
|
|
AIMCO CLO Ltd., Series 2018-BA, Class CRR, (3-mo.
CME Term SOFR + 2.40%), 6.07%, 04/16/37(a)(b)
|
|
500
|
500,000
|
|
Anchorage Capital CLO Ltd.(a)(b)
|
|
|
|
|
Series 2015-7A, Class AR3, (3-mo. CME Term SOFR
+ 1.56%), 5.23%, 04/28/37
|
|
919
|
919,447
|
|
Series 2015-7A, Class DR3, (3-mo. CME Term SOFR
+ 3.80%), 7.47%, 04/28/37
|
|
250
|
244,532
|
|
Apidos CLO XVIII-R(a)(b)
|
|
|
|
|
Series 2018-18A, Class A1R2, (3-mo. CME Term
SOFR + 1.33%), 5.00%, 01/22/38
|
|
1,450
|
1,450,328
|
|
Series 2018-18A, Class BR2, (3-mo. CME Term
SOFR + 1.70%), 5.37%, 01/22/38
|
|
870
|
870,899
|
|
Argent Securities Trust, Series 2006-W5, Class A1,
(1 mo. Term SOFR + 0.41%), 4.09%, 06/25/36(a)
|
|
3,471
|
2,296,727
|
|
Atrium XV, Series 15A, Class D1R, (3-mo. CME Term
SOFR + 3.30%), 6.97%, 07/16/37(a)(b)
|
|
550
|
531,278
|
|
Ballyrock CLO Ltd.(a)(b)
|
|
|
|
|
Series 2024-28A, Class A2, (3-mo. CME Term SOFR
+ 1.70%), 5.37%, 01/20/38
|
|
250
|
250,428
|
|
Series 2025-30A, Class C1, (3-mo. CME Term SOFR
+ 2.85%), 6.52%, 10/25/38
|
|
1,000
|
989,920
|
|
Bear Stearns Asset-Backed Securities I Trust,
Series 2006-HE9, Class 2A, (1 mo. Term SOFR +
0.39%), 4.07%, 11/25/36(a)
|
|
422
|
417,844
|
|
BlueMountain CLO Ltd., Series 2018-3A, Class A1R,
(3-mo. CME Term SOFR + 1.19%), 4.86%,
10/25/30(a)(b)
|
|
219
|
218,365
|
|
Bryant Park Funding Ltd., Series 2024-22A, Class C,
(3-mo. CME Term SOFR + 2.60%), 6.27%,
04/15/37(a)(b)
|
|
1,000
|
1,001,021
|
|
Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR,
(3-mo. CME Term SOFR + 1.07%), 4.74%,
07/18/34(a)(b)
|
|
2,500
|
2,496,431
|
|
Carlyle US CLO Ltd., Series 2026-2A, Class D,
04/20/39(a)(b)(c)
|
|
600
|
600,000
|
|
Carrington Mortgage Loan Trust(a)
|
|
|
|
|
Series 2006-FRE2, Class A2, (1 mo. Term SOFR +
0.23%), 3.91%, 10/25/36
|
|
2,366
|
1,923,959
|
|
Series 2006-FRE2, Class A5, (1 mo. Term SOFR +
0.19%), 3.87%, 03/25/35(d)
|
|
4,874
|
3,958,562
|
|
CarVal CLO II Ltd., Series 2019-1A, Class AR2, (3-mo.
CME Term SOFR + 1.02%), 4.69%, 04/20/32(a)(b)
|
|
838
|
836,674
|
|
C-BASS Trust, Series 2006-CB7, Class A4, (1 mo. Term
SOFR + 0.43%), 4.11%, 10/25/36(a)
|
|
3,410
|
2,387,892
|
|
CIFC Funding Ltd.(a)(b)
|
|
|
|
|
Series 2017-1A, Class CRR, (3-mo. CME Term
SOFR + 2.45%), 6.12%, 04/21/37
|
|
700
|
700,688
|
|
Series 2018-1A, Class A1R, (3-mo. CME Term SOFR
+ 1.32%), 4.99%, 01/18/38
|
|
1,160
|
1,160,343
|
|
Series 2018-1A, Class BR, (3-mo. CME Term SOFR
+ 1.70%), 5.37%, 01/18/38
|
|
1,450
|
1,449,116
|
|
Series 2020-1A, Class DR, (3-mo. CME Term SOFR
+ 3.36%), 7.03%, 07/15/36
|
|
500
|
491,244
|
|
Series 2022-7A, Class ER, (3-mo. CME Term SOFR
+ 5.35%), 9.02%, 01/22/38
|
|
500
|
489,930
|
|
Citigroup Mortgage Loan Trust, Series 2006-FX1,
Class A7, 7.28%, 10/25/36
|
|
286
|
162,867
|
|
Compass Datacenters Issuer II LLC, Series 2025-2A,
Class A1, 4.93%, 11/25/50(b)
|
|
363
|
357,261
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Concord Music Royalties LLC, Series 2024-1A, Class A,
5.64%, 10/20/74(b)
|
USD
|
171
|
$ 171,663
|
|
Consolidated Communications LLC/Fidium Fiber
Finance Holdco LLC, Series 2025-4A, Class B,
5.77%, 12/20/55(b)
|
|
750
|
752,877
|
|
CWABS Asset-Backed Certificates Trust, Series 2006-
26, Class 1A, (1 mo. Term SOFR + 0.39%), 4.07%,
06/25/37(a)
|
|
391
|
366,216
|
|
CWHEQ Revolving Home Equity Loan Trust,
Series 2006-I, Class 1A, (1 mo. Term SOFR +
0.25%), 3.93%, 01/15/37(a)
|
|
247
|
240,245
|
|
DB Master Finance LLC, Series 2025-1A, Class A2I,
4.89%, 08/20/55(b)
|
|
508
|
502,890
|
|
Dryden Clo Ltd., Series 2018-61A, Class DR, (3-mo.
CME Term SOFR + 3.36%), 7.03%, 01/17/32(a)(b)
|
|
595
|
595,001
|
|
Dryden Senior Loan Fund, Series 2015-37A, Class AR,
(3-mo. CME Term SOFR + 1.36%), 5.03%,
01/15/31(a)(b)
|
|
29
|
28,694
|
|
FirstKey Homes Trust, Series 2022-SFR1, Class E1,
5.00%, 05/19/39(b)(d)
|
|
3,800
|
3,755,303
|
|
Fremont Home Loan Trust(a)
|
|
|
|
|
Series 2006-A, Class 2A3, (1 mo. Term SOFR +
0.43%), 4.11%, 05/25/36
|
|
3,707
|
2,430,803
|
|
Series 2006-D, Class 2A3, (1 mo. Term SOFR +
0.41%), 4.09%, 11/25/36
|
|
5,704
|
1,971,496
|
|
GoldenTree Loan Management U.S. CLO Ltd.,
Series 2021-11A, Class AR, (3-mo. CME Term SOFR
+ 1.08%), 4.75%, 10/20/34(a)(b)
|
|
250
|
249,494
|
|
GoodLeap Home Improvement Solutions Trust(b)
|
|
|
|
|
Series 2025-1A, Class B, 6.27%, 02/20/49
|
|
172
|
175,065
|
|
Series 2025-3A, Class A, 5.00%, 10/20/49
|
|
118
|
117,682
|
|
GreenSky Home Improvement Issuer Trust,
Series 2024-2, Class C, 5.55%, 10/27/59(b)
|
|
86
|
86,484
|
|
Home Equity Mortgage Loan Asset-Backed Trust,
Series 2006-E, Class 2A3, (1 mo. Term SOFR +
0.45%), 4.13%, 04/25/37(a)
|
|
2,836
|
1,995,097
|
|
Long Beach Mortgage Loan Trust, Series 2006-7,
Class 2A3, (1 mo. Term SOFR + 0.43%), 4.11%,
08/25/36(a)
|
|
4,582
|
1,795,285
|
|
Lyra Music Assets Delaware LP, Series 2025-1A,
Class A2, 5.60%, 09/20/65(b)
|
|
183
|
184,482
|
|
Madison Park Funding LIX Ltd., Series 2021-59A,
Class A1R, (3-mo. CME Term SOFR + 1.50%),
5.17%, 04/18/37(a)(b)
|
|
1,450
|
1,450,635
|
|
Madison Park Funding XXX Ltd., Series 2018-30A,
Class BR, (3-mo. CME Term SOFR + 1.75%), 5.42%,
07/16/37(a)(b)
|
|
300
|
300,345
|
|
Madison Park Funding XXXVII Ltd., Series 2019-37A,
Class BR2, (3-mo. CME Term SOFR + 1.95%),
5.62%, 04/15/37(a)(b)
|
|
875
|
875,220
|
|
Mariner Finance Issuance Trust, Series 2024-AA,
Class E, 9.02%, 09/22/36(b)
|
|
470
|
481,377
|
|
Mastr Asset Backed Securities Trust, Series 2006-HE2,
Class A3, (1 mo. Term SOFR + 0.41%), 4.09%,
06/25/36(a)
|
|
6,469
|
2,108,704
|
|
Navient Education Loan Trust, Series 2025-A, Class B,
5.32%, 07/15/55(b)
|
|
667
|
669,932
|
|
Navient Student Loan Trust, Series 2019-BA,
Class A2A, 3.39%, 12/15/59(b)
|
|
100
|
98,639
|
|
Nelnet Student Loan Trust, Series 2025-BA, Class D,
6.04%, 05/17/55(b)
|
|
192
|
188,861
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
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)
|
USD
|
250
|
$ 249,942
|
|
OCP CLO Ltd.(a)(b)
|
|
|
|
|
Series 2017-13A, Class AR2, (3-mo. CME Term
SOFR + 1.34%), 5.01%, 11/26/37
|
|
590
|
590,286
|
|
Series 2024-38A, Class A, (3-mo. CME Term SOFR +
1.33%), 5.00%, 01/21/38
|
|
1,000
|
1,000,014
|
|
Octagon Investment Partners XVII Ltd., Series 2013-1A,
Class BR2, (3-mo. CME Term SOFR + 1.66%),
5.33%, 01/25/31(a)(b)
|
|
83
|
82,490
|
|
Octagon Investment Partners XXII Ltd., Series 2014-1A,
Class DRR, (3-mo. CME Term SOFR + 3.01%),
6.68%, 01/22/30(a)(b)
|
|
500
|
499,356
|
|
Octagon Ltd., Series 2021-1A, Class A1R, (3-mo. CME
Term SOFR + 1.26%), 4.93%, 03/20/38(a)(b)
|
|
1,000
|
999,210
|
|
Palmer Square CLO Ltd., Series 2024-4A, Class B,
(3-mo. CME Term SOFR + 1.65%), 5.32%,
01/15/38(a)(b)
|
|
810
|
809,417
|
|
Park Blue CLO Ltd.(a)(b)
|
|
|
|
|
Series 2023-15A, Class AR, (3-mo. CME Term SOFR
+ 1.22%), 4.89%, 10/20/38
|
|
1,000
|
999,277
|
|
Series 2025-9A, Class C, (3-mo. CME Term SOFR +
2.00%), 6.08%, 10/20/38
|
|
500
|
501,444
|
|
Pikes Peak CLO Ltd., Series 2020-6A, Class DRR, (3-
mo. CME Term SOFR + 2.50%), 6.16%,
05/18/34(a)(b)
|
|
250
|
238,763
|
|
Planet Fitness Master Issuer LLC, Series 2025-1A,
Class A2II, 5.65%, 12/06/55(b)
|
|
228
|
225,089
|
|
QTS Issuer ABS II LLC(b)
|
|
|
|
|
Series 2026-1A, Class A2, 5.36%, 01/05/56
|
|
148
|
144,642
|
|
Series 2026-1A, Class B, 6.73%, 01/05/56
|
|
229
|
226,643
|
|
Regatta 30 Funding Ltd., Series 2024-4A, Class B, (3-
mo. CME Term SOFR + 1.65%), 5.32%,
01/25/38(a)(b)
|
|
1,700
|
1,698,742
|
|
Regatta XVIII Funding Ltd., Series 2021-1A, Class BR,
(3-mo. CME Term SOFR + 1.55%), 5.22%,
04/15/38(a)(b)
|
|
850
|
846,191
|
|
Regional Management Issuance Trust, Series 2021-3,
Class A, 3.88%, 10/17/33(e)
|
|
1,110
|
1,090,575
|
|
Renaissance Home Equity Loan Trust, Series 2007-3,
Class AF2, 7.00%, 09/25/37
|
|
3,427
|
1,293,912
|
|
Republic Finance Issuance Trust, Series 2025-A,
Class A, 4.59%, 11/20/34(b)
|
|
1,015
|
1,010,501
|
|
Rockford Tower CLO Ltd., Series 2021-3A, Class A1R,
(3-mo. CME Term SOFR + 1.40%), 5.07%,
01/15/38(a)(b)
|
|
1,914
|
1,914,962
|
|
RR Ltd., Series 2022-24A, Class A2R2, (3-mo. CME
Term SOFR + 1.70%), 5.37%, 01/15/37(a)(b)
|
|
1,000
|
1,001,026
|
|
Sagard-Halseypoint CLO Ltd., Series 2025-10A,
Class A1, (3-mo. CME Term SOFR + 1.35%), 5.02%,
10/20/38(a)(b)
|
|
1,000
|
1,000,864
|
|
Service Experts Issuer LLC, Series 2024-1A, Class A,
6.39%, 11/20/35(b)
|
|
148
|
151,302
|
|
SMB Private Education Loan Trust, Series 2021-A,
Class B, 2.31%, 01/15/53(b)
|
|
78
|
76,560
|
|
Sofi Consumer Loan Program Trust(b)
|
|
|
|
|
Series 2026-B, Class A, 4.40%, 02/25/36
|
|
158
|
157,986
|
|
Series 2026-B, Class B, 4.90%, 02/25/36
|
|
166
|
165,820
|
|
Series 2026-B, Class C, 5.20%, 02/25/36
|
|
166
|
165,777
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Sofi Consumer Loan Program Trust(b) (continued)
|
|
|
|
|
Series 2026-B, Class D, 5.56%, 02/25/36
|
USD
|
166
|
$ 165,805
|
|
SoFi Personal Loan Trust
|
|
|
|
|
Series 2023-1A, Class A, 6.00%, 11/12/30(b)
|
|
65
|
65,689
|
|
Series 2024-1, Class R1, 0.00%, 02/12/31
|
|
10
|
192,364
|
|
Series 2024-1A, Class A, 6.06%, 02/12/31(b)
|
|
115
|
115,447
|
|
Subway Funding LLC, Series 2024-1A, Class A2I,
6.03%, 07/30/54(b)
|
|
291
|
293,192
|
|
TCI-Symphony CLO Ltd., Series 2017-1A, Class AR,
(3-mo. CME Term SOFR + 1.19%), 4.86%,
07/15/30(a)(b)
|
|
124
|
124,377
|
|
Trestles CLO Ltd., Series 2017-1A, Class D1RR, (3-mo.
CME Term SOFR + 3.15%), 6.82%, 07/25/37(a)(b)
|
|
250
|
250,271
|
|
Unique Pub Finance Co. PLC, Series 02, Class N,
6.46%, 03/30/32(f)
|
GBP
|
31
|
42,546
|
|
Upgrade Master Pass-Thru Trust(b)
|
|
|
|
|
Series 2025-ST4, Class A, 5.50%, 08/16/32
|
USD
|
144
|
144,478
|
|
Series 2025-ST7, Class A, 4.55%, 11/15/32
|
|
327
|
326,856
|
|
Series 2025-ST7, Class B, 4.98%, 11/15/32
|
|
185
|
184,910
|
|
Series 2025-ST8, Class D, 5.91%, 12/15/33
|
|
150
|
149,176
|
|
UPX HIL Issuer Trust, Series 2025-1, Class A, 5.16%,
01/25/47(b)
|
|
251
|
249,406
|
|
US Bank NA, Series 2026-RVM1, Class B1, 4.96%,
12/25/46(b)
|
|
900
|
895,812
|
|
VB-S1 Issuer LLC, Series 2026-1A, Class F, 6.84%,
03/15/56(b)
|
|
977
|
981,124
|
|
Vista Point Securitization Trust, Series 2024-CES1,
Class A2, 6.84%, 05/25/54(b)
|
|
735
|
745,222
|
|
WaMu Asset-Backed Certificates WaMu Trust,
Series 2007-HE3, Class 2A3, (1 mo. Term SOFR +
0.35%), 4.03%, 05/25/37(a)(d)
|
|
4,823
|
4,360,959
|
|
Warwick Capital CLO Ltd., Series 2024-5A, Class A1,
(3-mo. CME Term SOFR + 1.36%), 5.03%,
01/20/38(a)(b)
|
|
250
|
250,150
|
|
Whetstone Park CLO Ltd., Series 2021-1A, Class B1,
(3-mo. CME Term SOFR + 1.86%), 5.53%,
01/20/35(a)(b)
|
|
275
|
274,954
|
|
Wireless PropCo Funding LLC, Series 2025-1A,
Class B, 4.30%, 06/25/55(b)
|
|
725
|
687,328
|
|
Total Asset-Backed Securities — 10.2%
(Cost: $84,449,709)
|
77,565,588
|
||
|
|
|
Shares
|
|
|
Common Stocks
|
|||
|
Capital Markets — 0.0%
|
|
||
|
Wom New Holdco(e)(g)
|
|
485
|
11,155
|
|
Health Care Providers & Services — 0.0%
|
|
||
|
Quorum Restructuring Equity(e)(g)
|
|
3,969
|
1,985
|
|
Machinery — 0.0%
|
|
||
|
United Site Services, Inc.(e)(g)
|
|
5,689
|
41,245
|
|
Real Estate Management & Development — 0.0%
|
|
||
|
ADLER Group SA, VTG Shares(e)(g)
|
|
33,367
|
—
|
|
Security
|
|
Shares
|
Value
|
|
Wireless Telecommunication Services — 0.1%
|
|
||
|
Altice France Lux 3(g)
|
|
15,328
|
$ 255,123
|
|
Total Common Stocks — 0.1%
(Cost: $353,643)
|
309,508
|
||
|
|
|
Par
(000)
|
|
|
Corporate Bonds
|
|||
|
Advertising Agencies — 1.3%
|
|||
|
Clear Channel Outdoor Holdings, Inc.(b)
|
|
|
|
|
7.75%, 04/15/28(d)
|
USD
|
493
|
495,339
|
|
7.50%, 06/01/29
|
|
967
|
971,081
|
|
7.88%, 04/01/30(d)
|
|
1,088
|
1,138,595
|
|
7.13%, 02/15/31
|
|
1,130
|
1,183,896
|
|
7.50%, 03/15/33(d)
|
|
2,571
|
2,722,684
|
|
CMG Media Corp., 8.88%, 06/18/29(b)
|
|
315
|
272,370
|
|
Lamar Media Corp.
|
|
|
|
|
4.00%, 02/15/30
|
|
53
|
50,575
|
|
5.38%, 11/01/33(b)
|
|
317
|
310,255
|
|
Neptune Bidco U.S., Inc.(b)
|
|
|
|
|
9.29%, 04/15/29
|
|
376
|
377,044
|
|
10.38%, 05/15/31
|
|
729
|
735,567
|
|
9.50%, 02/15/33
|
|
597
|
579,233
|
|
Outfront Media Capital LLC/Outfront Media Capital
Corp.(b)
|
|
|
|
|
5.00%, 08/15/27
|
|
120
|
119,717
|
|
4.25%, 01/15/29
|
|
326
|
314,264
|
|
4.63%, 03/15/30(d)
|
|
122
|
117,709
|
|
7.38%, 02/15/31
|
|
332
|
346,181
|
|
Stagwell Global LLC, 5.63%, 08/15/29(b)
|
|
129
|
122,815
|
|
|
|
|
9,857,325
|
|
Aerospace & Defense — 2.9%
|
|||
|
AAR Escrow Issuer LLC, 6.75%, 03/15/29(b)
|
|
442
|
449,868
|
|
ATI, Inc.
|
|
|
|
|
5.88%, 12/01/27
|
|
157
|
156,970
|
|
4.88%, 10/01/29
|
|
129
|
127,279
|
|
7.25%, 08/15/30
|
|
444
|
460,414
|
|
5.13%, 10/01/31
|
|
350
|
345,793
|
|
Bombardier, Inc.(b)
|
|
|
|
|
8.75%, 11/15/30
|
|
531
|
564,741
|
|
7.25%, 07/01/31
|
|
205
|
214,823
|
|
7.00%, 06/01/32
|
|
403
|
418,250
|
|
6.75%, 06/15/33
|
|
460
|
475,046
|
|
Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%,
02/15/32(b)(d)
|
|
2,400
|
2,387,835
|
|
Goat Holdco LLC, 6.75%, 02/01/32(b)
|
|
279
|
280,710
|
|
Lockheed Martin Corp., 5.70%, 11/15/54(d)
|
|
451
|
450,283
|
|
Moog, Inc.(b)
|
|
|
|
|
4.25%, 12/15/27
|
|
27
|
26,984
|
|
5.50%, 10/15/34
|
|
213
|
213,669
|
|
Northrop Grumman Corp., 4.75%, 06/01/43(d)
|
|
680
|
613,973
|
|
RTX Corp., 4.35%, 04/15/47(d)
|
|
700
|
579,597
|
|
TransDigm, Inc.(b)
|
|
|
|
|
6.75%, 08/15/28
|
|
848
|
858,295
|
|
6.38%, 03/01/29
|
|
1,979
|
2,015,934
|
|
6.63%, 03/01/32
|
|
1,778
|
1,813,329
|
|
6.00%, 01/15/33
|
|
960
|
959,461
|
|
6.38%, 05/31/33(d)
|
|
2,379
|
2,366,316
|
|
Security
|
|
Par
(000)
|
Value
|
|
Aerospace & Defense (continued)
|
|||
|
TransDigm, Inc.(b) (continued)
|
|
|
|
|
6.25%, 01/31/34
|
USD
|
263
|
$ 265,901
|
|
6.75%, 01/31/34(d)
|
|
4,034
|
4,086,866
|
|
6.13%, 07/31/34
|
|
1,953
|
1,920,858
|
|
|
|
|
22,053,195
|
|
Air Freight & Logistics(b) — 0.1%
|
|||
|
Rand Parent LLC, 8.50%, 02/15/30
|
|
312
|
320,276
|
|
Stonepeak Nile Parent LLC, 7.25%, 03/15/32
|
|
155
|
161,215
|
|
|
|
|
481,491
|
|
Automobile Components — 1.0%
|
|||
|
American Axle & Manufacturing, Inc.(b)
|
|
|
|
|
6.38%, 10/15/32
|
|
229
|
226,651
|
|
7.75%, 10/15/33
|
|
239
|
232,666
|
|
Aptiv Swiss Holdings Ltd., 5.40%, 03/15/49
|
|
280
|
256,622
|
|
Clarios Global LP/Clarios U.S. Finance Co.(b)
|
|
|
|
|
6.75%, 05/15/28
|
|
1,058
|
1,068,295
|
|
6.75%, 02/15/30
|
|
488
|
498,980
|
|
4.75%, 06/15/31
|
EUR
|
380
|
431,259
|
|
6.75%, 09/15/32(d)
|
USD
|
2,305
|
2,323,440
|
|
Cyprium Corp./Cyprium Holdings Luxembourg SARL,
6.13%, 04/15/31(b)
|
|
342
|
337,150
|
|
Dana, Inc.
|
|
|
|
|
4.25%, 09/01/30
|
|
60
|
56,763
|
|
4.50%, 02/15/32
|
|
98
|
91,454
|
|
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)
|
|
151
|
156,349
|
|
Goodyear Tire & Rubber Co.
|
|
|
|
|
5.00%, 07/15/29
|
|
81
|
76,651
|
|
6.63%, 07/15/30
|
|
225
|
220,023
|
|
IHO Verwaltungs GmbH, (7.00% Cash or 7.75% PIK),
7.00%, 11/15/31(f)(h)
|
EUR
|
100
|
120,845
|
|
Mahle GmbH, 6.50%, 05/02/31(f)
|
|
100
|
116,873
|
|
Qnity Electronics, Inc.(b)
|
|
|
|
|
5.75%, 08/15/32
|
USD
|
378
|
378,450
|
|
6.25%, 08/15/33
|
|
294
|
297,274
|
|
Schaeffler AG(f)
|
|
|
|
|
4.25%, 04/01/28
|
EUR
|
100
|
114,232
|
|
4.75%, 08/14/29
|
|
100
|
114,996
|
|
Tenneco, Inc., 8.00%, 11/17/28(b)
|
USD
|
527
|
525,126
|
|
ZF Europe Finance BV(f)
|
|
|
|
|
7.00%, 06/12/30
|
EUR
|
100
|
117,905
|
|
5.50%, 02/17/32
|
|
100
|
109,047
|
|
|
|
|
7,871,051
|
|
Automobiles — 1.7%
|
|||
|
Allison Transmission, Inc., 5.88%, 12/01/33(b)
|
USD
|
254
|
252,443
|
|
Asbury Automotive Group, Inc.
|
|
|
|
|
4.50%, 03/01/28
|
|
22
|
21,604
|
|
5.00%, 02/15/32(b)
|
|
40
|
37,880
|
|
Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29(f)
|
GBP
|
100
|
101,573
|
|
Carvana Co.(b)(h)
|
|
|
|
|
(11.00% Cash or 13.00% PIK), 9.00%, 06/01/30
|
USD
|
927
|
964,595
|
|
(9.00% PIK), 9.00%, 06/01/31(d)
|
|
3,191
|
3,449,964
|
|
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
|
|
264
|
272,990
|
|
Ford Motor Credit Co. LLC, 6.95%, 06/10/26(d)
|
|
1,250
|
1,252,943
|
|
General Motors Co., 6.25%, 10/02/43(d)
|
|
2,194
|
2,154,549
|
|
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)
|
|
114
|
114,765
|
|
Security
|
|
Par
(000)
|
Value
|
|
Automobiles (continued)
|
|||
|
LCM Investments Holdings II LLC(b)
|
|
|
|
|
4.88%, 05/01/29
|
USD
|
173
|
$ 168,347
|
|
8.25%, 08/01/31
|
|
235
|
244,105
|
|
Lithia Motors, Inc., 5.50%, 10/01/30(b)
|
|
237
|
232,243
|
|
Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/30(b)
|
|
899
|
863,976
|
|
Nissan Motor Co. Ltd.
|
|
|
|
|
5.25%, 07/17/29(f)
|
EUR
|
100
|
114,416
|
|
7.75%, 07/17/32(b)
|
USD
|
279
|
282,514
|
|
6.38%, 07/17/33(b)
|
EUR
|
200
|
230,000
|
|
8.13%, 07/17/35(b)
|
USD
|
1,269
|
1,305,600
|
|
RCI Banque SA(f)
|
|
|
|
|
4.25%, 05/23/34
|
EUR
|
100
|
113,681
|
|
(5-year EURIBOR ICE Swap + 2.20%), 4.75%,
03/24/37(a)
|
|
100
|
111,878
|
|
(5-year EURIBOR ICE Swap + 2.75%), 5.50%,
10/09/34(a)
|
|
100
|
117,154
|
|
|
|
|
12,606,203
|
|
Banks — 0.2%
|
|||
|
Abanca Corp. Bancaria SA, (5-year EURIBOR ICE
Swap + 2.45%), 4.63%, 12/11/36(a)(f)
|
|
100
|
115,607
|
|
Al Rajhi Sukuk Ltd., (6 year USD CMT + 1.59%),
6.25%(a)(f)(i)
|
USD
|
400
|
391,516
|
|
Banco Mercantil del Norte SA, (5-year CMT + 4.07%),
8.38%(a)(b)(i)
|
|
200
|
206,400
|
|
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico, (5-year CMT + 3.38%),
7.63%, 02/11/35(a)(f)
|
|
200
|
205,836
|
|
National Bank of Greece SA, (5-year EURIBOR ICE
Swap + 3.15%), 5.88%, 06/28/35(a)(f)
|
EUR
|
100
|
120,881
|
|
Standard Chartered PLC, (5-year USD SOFR ICE Swap
+ 1.97%), 4.87%, 03/15/33(a)(b)(d)
|
USD
|
500
|
497,560
|
|
Walker & Dunlop, Inc., 6.63%, 04/01/33(b)
|
|
195
|
190,648
|
|
|
|
|
1,728,448
|
|
Beverages — 0.2%
|
|||
|
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc., 4.90%, 02/01/46(d)
|
|
2,000
|
1,802,344
|
|
Biotechnology — 0.3%
|
|||
|
Amgen, Inc., 4.95%, 10/01/41
|
|
250
|
231,214
|
|
BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34(b)
|
|
564
|
555,290
|
|
Genmab AS/Genmab Finance LLC(b)
|
|
|
|
|
6.25%, 12/15/32
|
|
290
|
297,317
|
|
7.25%, 12/15/33
|
|
711
|
744,225
|
|
Gilead Sciences, Inc., 4.15%, 03/01/47(d)
|
|
700
|
566,305
|
|
|
|
|
2,394,351
|
|
Building Materials — 1.4%
|
|||
|
AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33(b)
|
|
304
|
313,803
|
|
Builders FirstSource, Inc.(b)
|
|
|
|
|
6.38%, 03/01/34
|
|
77
|
76,016
|
|
6.75%, 05/15/35
|
|
234
|
233,776
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
|
6.38%, 12/15/30(f)
|
EUR
|
100
|
117,651
|
|
6.63%, 12/15/30(b)(d)
|
USD
|
2,843
|
2,891,499
|
|
6.75%, 07/15/31(b)
|
|
235
|
241,687
|
|
Jeld-Wen, Inc.(b)
|
|
|
|
|
4.88%, 12/15/27
|
|
331
|
224,429
|
|
7.00%, 09/01/32(d)
|
|
97
|
45,223
|
|
New Enterprise Stone & Lime Co., Inc.(b)
|
|
|
|
|
5.25%, 07/15/28
|
|
103
|
101,475
|
|
9.75%, 07/15/28
|
|
208
|
207,789
|
|
Security
|
|
Par
(000)
|
Value
|
|
Building Materials (continued)
|
|||
|
Quikrete Holdings, Inc.(b)
|
|
|
|
|
6.38%, 03/01/32
|
USD
|
1,754
|
$ 1,778,561
|
|
6.75%, 03/01/33
|
|
812
|
824,700
|
|
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)
|
|
42
|
41,683
|
|
Standard Building Solutions, Inc.(b)
|
|
|
|
|
6.50%, 08/15/32
|
|
776
|
776,401
|
|
6.25%, 08/01/33
|
|
1,509
|
1,492,032
|
|
5.88%, 03/15/34
|
|
458
|
441,598
|
|
Standard Industries, Inc.(b)
|
|
|
|
|
4.75%, 01/15/28
|
|
6
|
5,931
|
|
4.38%, 07/15/30
|
|
297
|
279,942
|
|
3.38%, 01/15/31
|
|
125
|
112,046
|
|
Wilsonart LLC, 11.00%, 08/15/32(b)
|
|
475
|
344,319
|
|
|
|
|
10,550,561
|
|
Building Products — 0.8%
|
|||
|
Lowe’s Cos., Inc., 2.80%, 09/15/41(d)
|
|
400
|
281,678
|
|
QXO Building Products, Inc., 6.75%, 04/30/32(b)
|
|
1,855
|
1,892,083
|
|
White Cap Supply Holdings LLC, 7.38%, 11/15/30(b)(d)
|
|
3,754
|
3,641,353
|
|
|
|
|
5,815,114
|
|
Capital Markets — 0.8%
|
|||
|
Apollo Debt Solutions BDC
|
|
|
|
|
5.88%, 08/30/30
|
|
220
|
216,539
|
|
6.70%, 07/29/31
|
|
110
|
111,285
|
|
6.55%, 03/15/32
|
|
180
|
180,690
|
|
ARES Strategic Income Fund, 5.80%, 09/09/30(b)
|
|
300
|
291,716
|
|
Bain Capital Specialty Finance, Inc., 5.95%, 03/15/30
|
|
95
|
91,975
|
|
Blue Owl Capital Corp., 6.20%, 07/15/30
|
|
348
|
342,971
|
|
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)
|
|
281
|
261,341
|
|
Focus Financial Partners LLC, 6.75%, 09/15/31(b)
|
|
300
|
297,944
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
|
|
|
|
|
5.25%, 05/15/27
|
|
1,367
|
1,339,533
|
|
9.75%, 01/15/29
|
|
219
|
215,310
|
|
4.38%, 02/01/29(d)
|
|
158
|
134,831
|
|
10.00%, 11/15/29(b)
|
|
323
|
318,203
|
|
Jane Street Group/JSG Finance, Inc.(b)
|
|
|
|
|
6.13%, 11/01/32
|
|
105
|
103,833
|
|
6.75%, 05/01/33
|
|
366
|
371,332
|
|
MDGH GMTN RSC Ltd., 4.38%, 11/22/33(b)
|
|
200
|
189,102
|
|
Osaic Holdings, Inc.(b)
|
|
|
|
|
6.75%, 08/01/32
|
|
524
|
524,065
|
|
8.00%, 08/01/33
|
|
977
|
964,497
|
|
Raymond James Financial, Inc., 4.95%, 07/15/46(d)
|
|
400
|
355,551
|
|
WOM Chile Holdco SpA, (5.00% PIK), 5.00%,
04/01/32(b)(h)(j)
|
|
158
|
143,509
|
|
|
|
|
6,454,227
|
|
Chemicals — 2.7%
|
|||
|
Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK),
9.25%, 11/01/26(b)(h)
|
|
424
|
344,276
|
|
Celanese U.S. Holdings LLC
|
|
|
|
|
7.00%, 02/15/31
|
|
42
|
43,125
|
|
6.75%, 04/15/33(d)
|
|
245
|
251,361
|
|
7.38%, 02/15/34
|
|
349
|
357,559
|
|
Chemours Co.(b)
|
|
|
|
|
5.75%, 11/15/28
|
|
1,164
|
1,152,505
|
|
4.63%, 11/15/29
|
|
827
|
775,524
|
|
7.88%, 03/15/34
|
|
337
|
336,902
|
|
Element Solutions, Inc., 3.88%, 09/01/28(b)
|
|
2,068
|
2,013,473
|
|
EQUATE Petrochemical Co. KSC, 4.25%, 11/03/26(f)
|
|
200
|
197,938
|
|
FMC Corp.
|
|
|
|
|
3.45%, 10/01/29
|
|
324
|
289,411
|
|
Security
|
|
Par
(000)
|
Value
|
|
Chemicals (continued)
|
|||
|
FMC Corp. (continued)
|
|
|
|
|
4.50%, 10/01/49
|
USD
|
90
|
$ 55,694
|
|
6.38%, 05/18/53
|
|
64
|
48,222
|
|
HB Fuller Co., 4.25%, 10/15/28
|
|
90
|
86,912
|
|
Herens Holdco SARL, 4.75%, 05/15/28(b)
|
|
271
|
227,748
|
|
Inversion Escrow Issuer LLC, 6.75%, 08/01/32(b)
|
|
1,515
|
1,442,770
|
|
Itelyum Regeneration SpA, 5.75%, 04/15/30(f)
|
EUR
|
100
|
114,012
|
|
Kronos International, Inc., 9.50%, 03/15/29(f)
|
|
100
|
99,298
|
|
Methanex U.S. Operations, Inc., 6.25%, 03/15/32(b)(d)
|
USD
|
209
|
213,821
|
|
Minerals Technologies, Inc., 5.00%, 07/01/28(b)
|
|
218
|
214,304
|
|
OCP SA
|
|
|
|
|
5.13%, 06/23/51(f)
|
|
200
|
155,474
|
|
7.50%, 05/02/54(b)
|
|
200
|
209,663
|
|
Olympus Water U.S. Holding Corp.(b)
|
|
|
|
|
7.25%, 06/15/31
|
|
905
|
883,916
|
|
7.25%, 02/15/33(d)
|
|
3,300
|
3,148,534
|
|
Perimeter Holdings LLC, 6.25%, 01/15/34(b)
|
|
1,142
|
1,120,017
|
|
Sasol Financing USA LLC, 6.50%, 09/27/28
|
|
200
|
201,814
|
|
Sherwin-Williams Co., 3.80%, 08/15/49
|
|
310
|
226,713
|
|
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)
|
|
986
|
961,714
|
|
Solstice Advanced Materials, Inc., 5.63%, 09/30/33(b)
|
|
566
|
558,100
|
|
WR Grace Holdings LLC(b)
|
|
|
|
|
5.63%, 08/15/29(d)
|
|
3,178
|
2,922,868
|
|
7.38%, 03/01/31
|
|
354
|
354,913
|
|
6.63%, 08/15/32
|
|
705
|
686,920
|
|
7.00%, 08/01/33
|
|
1,111
|
1,078,975
|
|
|
|
|
20,774,476
|
|
Commercial Services & Supplies — 5.5%
|
|||
|
ADT Security Corp.(b)
|
|
|
|
|
4.88%, 07/15/32
|
|
117
|
109,287
|
|
5.88%, 10/15/33
|
|
892
|
863,910
|
|
Albion Financing 1 SARL/Aggreko Holdings, Inc.,
7.00%, 05/21/30(b)
|
|
1,553
|
1,587,223
|
|
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)(d)
|
|
5,370
|
5,537,625
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp.(b)
|
|
|
|
|
6.00%, 06/01/29(d)
|
|
2,800
|
2,705,575
|
|
6.88%, 06/15/30
|
|
1,708
|
1,731,369
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL
|
|
|
|
|
4.63%, 06/01/28(b)
|
|
2,247
|
2,194,555
|
|
4.88%, 06/01/28(f)
|
GBP
|
100
|
128,089
|
|
Amber Finco PLC, 6.63%, 07/15/29(f)
|
EUR
|
100
|
118,611
|
|
APi Group DE, Inc.(b)
|
|
|
|
|
4.13%, 07/15/29
|
USD
|
168
|
159,983
|
|
4.75%, 10/15/29
|
|
128
|
123,889
|
|
Arena Luxembourg Finance SARL, (3-mo. EURIBOR +
2.50%), 4.52%, 05/01/30(a)(f)
|
EUR
|
100
|
115,250
|
|
BCP V Modular Services Finance II PLC, 6.50%,
07/10/31(f)
|
|
100
|
98,208
|
|
Belron U.K. Finance PLC, 5.75%, 10/15/29(b)
|
USD
|
799
|
804,046
|
|
Bidvest Group UK PLC, 6.20%, 09/17/32(b)
|
|
200
|
199,460
|
|
Boels Topholding BV, 5.75%, 05/15/30(f)
|
EUR
|
100
|
116,131
|
|
Brink’s Co.(b)
|
|
|
|
|
6.50%, 06/15/29
|
USD
|
208
|
211,220
|
|
6.75%, 06/15/32
|
|
496
|
502,059
|
|
Clarivate Science Holdings Corp.(b)
|
|
|
|
|
3.88%, 07/01/28
|
|
507
|
478,465
|
|
4.88%, 07/01/29(d)
|
|
1,271
|
1,102,829
|
|
CompoSecure Holdings LLC, 5.63%, 02/01/33(b)
|
|
1,633
|
1,595,359
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Services & Supplies (continued)
|
|||
|
Deluxe Corp., 8.13%, 09/15/29(b)
|
USD
|
170
|
$ 176,474
|
|
FTAI Aviation Investors LLC(b)
|
|
|
|
|
5.50%, 05/01/28
|
|
652
|
651,770
|
|
7.88%, 12/01/30
|
|
1,366
|
1,426,370
|
|
7.00%, 05/01/31
|
|
2,015
|
2,065,637
|
|
7.00%, 06/15/32
|
|
1,041
|
1,067,146
|
|
5.88%, 04/15/33
|
|
582
|
569,422
|
|
Garda World Security Corp.(b)
|
|
|
|
|
7.75%, 02/15/28
|
|
474
|
482,185
|
|
6.00%, 06/01/29
|
|
86
|
81,857
|
|
8.25%, 08/01/32
|
|
1,288
|
1,274,519
|
|
8.38%, 11/15/32(d)
|
|
3,558
|
3,560,416
|
|
Herc Holdings, Inc.(b)
|
|
|
|
|
6.63%, 06/15/29(d)
|
|
170
|
172,793
|
|
7.00%, 06/15/30
|
|
689
|
706,479
|
|
5.75%, 03/15/31
|
|
242
|
238,338
|
|
7.25%, 06/15/33
|
|
788
|
807,497
|
|
6.00%, 03/15/34
|
|
250
|
241,687
|
|
Loxam SAS, 6.38%, 05/31/29(f)
|
EUR
|
90
|
106,721
|
|
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)
|
USD
|
1,503
|
1,521,343
|
|
Service Corp. International
|
|
|
|
|
3.38%, 08/15/30
|
|
13
|
11,994
|
|
4.00%, 05/15/31
|
|
503
|
468,864
|
|
5.75%, 10/15/32
|
|
1,065
|
1,062,951
|
|
Sotheby’s, 7.38%, 10/15/27(b)(d)
|
|
1,016
|
1,011,133
|
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)
|
|
490
|
460,040
|
|
United Rentals North America, Inc., 5.38%, 11/15/33(b)
|
|
881
|
856,666
|
|
Veritiv Operating Co., 10.50%, 11/30/30(b)
|
|
221
|
229,674
|
|
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)
|
|
1,336
|
1,366,056
|
|
Williams Scotsman, Inc.(b)
|
|
|
|
|
6.63%, 06/15/29
|
|
49
|
49,551
|
|
6.63%, 04/15/30
|
|
693
|
703,942
|
|
7.38%, 10/01/31
|
|
301
|
308,639
|
|
|
|
|
42,163,307
|
|
Communications Equipment — 0.0%
|
|||
|
Viavi Solutions, Inc., 3.75%, 10/01/29(b)
|
|
67
|
62,861
|
|
Construction & Engineering — 0.4%
|
|||
|
AECOM, 6.00%, 08/01/33(b)
|
|
756
|
755,169
|
|
Arcosa, Inc.(b)
|
|
|
|
|
4.38%, 04/15/29
|
|
477
|
460,181
|
|
6.88%, 08/15/32
|
|
40
|
40,986
|
|
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)
|
|
1,396
|
1,275,822
|
|
Heathrow Finance PLC, 4.13%, 09/01/29(f)
|
GBP
|
100
|
123,437
|
|
IHS Holding Ltd., 6.25%, 11/29/28(b)
|
USD
|
200
|
198,032
|
|
TAV Havalimanlari Holding A/S, 8.50%, 12/07/28(f)
|
|
200
|
203,938
|
|
Weekley Homes LLC/Weekley Finance Corp., 6.75%,
01/15/34(b)
|
|
274
|
262,423
|
|
|
|
|
3,319,988
|
|
Consumer Finance — 1.5%
|
|||
|
Block, Inc.
|
|
|
|
|
2.75%, 06/01/26
|
|
534
|
531,565
|
|
5.63%, 08/15/30(b)
|
|
466
|
463,425
|
|
6.50%, 05/15/32(d)
|
|
2,016
|
2,034,408
|
|
6.00%, 08/15/33(b)
|
|
598
|
588,123
|
|
ION Platform Finance SARL(f)
|
|
|
|
|
7.88%, 05/01/29
|
EUR
|
100
|
107,384
|
|
6.50%, 09/30/30
|
|
100
|
95,794
|
|
ION Platform Finance U.S., Inc., 7.88%, 09/30/32(b)
|
USD
|
785
|
607,610
|
|
Navient Corp.
|
|
|
|
|
9.38%, 07/25/30
|
|
10
|
9,749
|
|
Security
|
|
Par
(000)
|
Value
|
|
Consumer Finance (continued)
|
|||
|
Navient Corp. (continued)
|
|
|
|
|
7.88%, 06/15/32(d)
|
USD
|
400
|
$ 356,619
|
|
OneMain Finance Corp.
|
|
|
|
|
6.63%, 05/15/29
|
|
438
|
438,425
|
|
5.38%, 11/15/29
|
|
251
|
242,043
|
|
7.88%, 03/15/30
|
|
362
|
373,576
|
|
6.13%, 05/15/30
|
|
447
|
437,095
|
|
4.00%, 09/15/30
|
|
231
|
208,612
|
|
7.50%, 05/15/31
|
|
90
|
90,481
|
|
7.13%, 11/15/31
|
|
117
|
115,923
|
|
6.75%, 03/15/32(d)
|
|
431
|
418,172
|
|
7.13%, 09/15/32
|
|
152
|
149,698
|
|
6.50%, 03/15/33
|
|
1,243
|
1,188,216
|
|
6.75%, 09/15/33
|
|
1,223
|
1,172,677
|
|
Shift4 Payments LLC/Shift4 Payments Finance Sub,
Inc., 5.50%, 05/15/33(f)
|
EUR
|
100
|
108,969
|
|
Shift4 Payments, Inc.(b)
|
|
|
|
|
6.75%, 08/15/32(d)
|
USD
|
860
|
845,677
|
|
5.50%, 05/15/33
|
EUR
|
365
|
397,735
|
|
WEX, Inc., 6.50%, 03/15/33(b)
|
USD
|
518
|
507,418
|
|
|
|
|
11,489,394
|
|
Consumer Staples Distribution & Retail — 0.8%
|
|||
|
Albertsons Cos, Inc.(b)
|
|
|
|
|
5.50%, 03/31/31
|
|
254
|
251,123
|
|
6.25%, 03/15/33(d)
|
|
258
|
259,730
|
|
5.75%, 03/31/34
|
|
1,152
|
1,127,055
|
|
Albertsons Cos., Inc., 5.63%, 03/31/32(b)
|
|
231
|
227,423
|
|
B&M European Value Retail SA, 6.50%, 11/27/31(f)
|
GBP
|
100
|
125,045
|
|
Boots Group Finco LP(b)
|
|
|
|
|
5.38%, 08/31/32
|
EUR
|
495
|
569,242
|
|
7.38%, 08/31/32
|
GBP
|
215
|
282,617
|
|
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
|
USD
|
214
|
222,785
|
|
Lion/Polaris Lux Midco SARL, (3-mo. EURIBOR +
3.63%), 5.75%, 07/01/29(a)(f)
|
EUR
|
100
|
115,348
|
|
Performance Food Group, Inc.(b)
|
|
|
|
|
4.25%, 08/01/29
|
USD
|
383
|
367,896
|
|
6.13%, 09/15/32
|
|
428
|
428,790
|
|
5.63%, 03/01/34
|
|
986
|
950,989
|
|
U.S. Foods, Inc.(b)
|
|
|
|
|
4.75%, 02/15/29
|
|
191
|
188,461
|
|
7.25%, 01/15/32
|
|
346
|
358,030
|
|
United Natural Foods, Inc., 6.75%, 10/15/28(b)
|
|
257
|
257,203
|
|
|
|
|
5,731,737
|
|
Containers & Packaging — 2.2%
|
|||
|
Ardagh Group SA
|
|
|
|
|
9.50%, 12/01/30(b)
|
|
1,416
|
1,484,827
|
|
9.50%, 12/01/30(f)
|
|
56
|
58,672
|
|
(4.50% Cash + 7.50% PIK), 12.00%, 12/01/30(f)(h)
|
EUR
|
343
|
325,510
|
|
(5.50% Cash + 6.50% PIK), 12.00%, 12/01/30(b)(h)
|
USD
|
800
|
672,280
|
|
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(d)
|
|
3,002
|
2,748,936
|
|
6.25%, 01/30/31
|
|
515
|
510,578
|
|
Ball Corp.
|
|
|
|
|
4.25%, 07/01/32
|
EUR
|
195
|
222,751
|
|
5.50%, 09/15/33(d)
|
USD
|
268
|
268,154
|
|
Canpack SA/Canpack U.S. LLC, 2.38%, 11/01/27(f)
|
EUR
|
200
|
224,112
|
|
Clydesdale Acquisition Holdings, Inc.(b)
|
|
|
|
|
6.63%, 04/15/29
|
USD
|
375
|
368,274
|
|
Security
|
|
Par
(000)
|
Value
|
|
Containers & Packaging (continued)
|
|||
|
Clydesdale Acquisition Holdings, Inc.(b) (continued)
|
|
|
|
|
6.88%, 01/15/30
|
USD
|
421
|
$ 409,200
|
|
6.75%, 04/15/32
|
|
1,071
|
1,013,320
|
|
Crown Americas LLC, 5.88%, 06/01/33
|
|
743
|
742,657
|
|
Eldorado Intl. Finance GmbH, 8.50%, 12/01/32(b)
|
|
200
|
200,818
|
|
Fedrigoni SpA, 6.13%, 06/15/31(f)
|
EUR
|
100
|
106,486
|
|
LABL, Inc.(b)
|
|
|
|
|
5.88%, 11/01/28(k)
|
USD
|
91
|
43,680
|
|
9.50%, 11/01/28
|
|
632
|
303,360
|
|
8.63%, 10/01/31(k)
|
|
310
|
148,800
|
|
LD Celulose International GmbH, 7.95%, 01/26/32(b)
|
|
200
|
205,595
|
|
Mauser Packaging Solutions Holding Co.(b)
|
|
|
|
|
7.88%, 04/15/30(d)
|
|
4,377
|
4,377,000
|
|
9.25%, 04/15/30
|
|
328
|
304,767
|
|
OI European Group BV, 5.25%, 06/01/29(f)
|
EUR
|
100
|
114,022
|
|
Owens-Brockway Glass Container, Inc., 6.63%,
05/13/27(b)
|
USD
|
51
|
51,106
|
|
Sealed Air Corp.(b)
|
|
|
|
|
4.00%, 12/01/27
|
|
98
|
97,755
|
|
5.00%, 04/15/29
|
|
77
|
77,577
|
|
6.50%, 07/15/32
|
|
48
|
50,350
|
|
Sealed Air Corp./Sealed Air Corp. U.S., 7.25%,
02/15/31(b)
|
|
28
|
29,361
|
|
Silgan Holdings, Inc., 4.25%, 02/15/31(b)
|
EUR
|
415
|
464,253
|
|
Trivium Packaging Finance BV
|
|
|
|
|
6.63%, 07/15/30(b)
|
|
115
|
133,576
|
|
6.63%, 07/15/30(f)
|
|
110
|
127,768
|
|
8.25%, 07/15/30(b)
|
USD
|
180
|
188,331
|
|
12.25%, 01/15/31(b)
|
|
200
|
216,542
|
|
|
|
|
16,480,633
|
|
Distributors(b) — 0.1%
|
|||
|
Gates Corp., 6.88%, 07/01/29
|
|
344
|
352,957
|
|
Resideo Funding, Inc.
|
|
|
|
|
4.00%, 09/01/29
|
|
77
|
72,768
|
|
6.50%, 07/15/32(d)
|
|
495
|
487,712
|
|
|
|
|
913,437
|
|
Diversified REITs — 0.8%
|
|||
|
American Tower Corp., 2.30%, 09/15/31(d)
|
|
1,000
|
880,364
|
|
Digital Realty Trust LP, 1.88%, 11/15/29(b)(j)
|
|
109
|
115,391
|
|
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
|
|
266
|
251,120
|
|
Iron Mountain, Inc.
|
|
|
|
|
5.25%, 07/15/30(b)
|
|
31
|
30,118
|
|
5.63%, 07/15/32(b)
|
|
89
|
86,399
|
|
6.25%, 01/15/33(b)
|
|
403
|
401,711
|
|
4.75%, 01/15/34(b)
|
EUR
|
800
|
860,430
|
|
4.75%, 01/15/34(f)
|
|
104
|
111,856
|
|
Millrose Properties, Inc.(b)
|
|
|
|
|
6.38%, 08/01/30
|
USD
|
972
|
971,698
|
|
6.25%, 09/15/32
|
|
1,368
|
1,342,839
|
|
SBA Communications Corp., 3.13%, 02/01/29(d)
|
|
651
|
616,869
|
|
Trust 2401, 7.70%, 01/23/32(b)
|
|
200
|
213,662
|
|
Trust Fibra Uno, 7.70%, 01/23/32(f)
|
|
200
|
211,176
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital
LLC, 6.00%, 01/15/30(b)
|
|
105
|
98,760
|
|
|
|
|
6,192,393
|
|
Diversified Telecommunication Services — 6.6%
|
|||
|
APLD ComputeCo 2 LLC, 6.75%, 03/15/31(b)
|
|
1,519
|
1,507,940
|
|
APLD ComputeCo LLC, 9.25%, 12/15/30(b)
|
|
534
|
550,192
|
|
AT&T, Inc., 4.35%, 06/15/45(d)
|
|
2,656
|
2,142,549
|
|
Black Pearl Compute LLC, 6.13%, 02/15/31(b)
|
|
1,343
|
1,366,901
|
|
Security
|
|
Par
(000)
|
Value
|
|
Diversified Telecommunication Services (continued)
|
|||
|
Cipher Compute LLC, 7.13%, 11/15/30(b)(d)
|
USD
|
1,223
|
$ 1,267,063
|
|
Connect Finco SARL/Connect U.S. Finco LLC, 9.00%,
09/15/29(b)
|
|
400
|
420,216
|
|
Corning, Inc., 4.38%, 11/15/57(d)
|
|
1,915
|
1,508,036
|
|
EchoStar Corp.
|
|
|
|
|
(6.75% Cash or 6.75% PIK), 6.75%, 11/30/30(d)(h)
|
|
3,125
|
3,155,398
|
|
10.75%, 11/30/29
|
|
1,780
|
1,923,079
|
|
eircom Finance DAC, 5.00%, 04/30/31(f)
|
EUR
|
100
|
114,816
|
|
Eutelsat SA, 1.50%, 10/13/28(f)
|
|
100
|
109,686
|
|
Fibercop SpA
|
|
|
|
|
4.75%, 06/30/30(f)
|
|
100
|
114,639
|
|
5.13%, 06/30/32(f)
|
|
100
|
114,430
|
|
6.00%, 09/30/34(b)
|
USD
|
1,271
|
1,209,085
|
|
7.20%, 07/18/36(b)
|
|
358
|
355,412
|
|
Flash Compute LLC, 7.25%, 12/31/30(b)
|
|
1,906
|
1,918,944
|
|
Frontier Communications Holdings LLC
|
|
|
|
|
5.00%, 05/01/28(b)(d)
|
|
1,139
|
1,138,822
|
|
6.75%, 05/01/29(b)
|
|
151
|
151,189
|
|
5.88%, 11/01/29
|
|
241
|
242,502
|
|
6.00%, 01/15/30(b)
|
|
319
|
320,908
|
|
8.75%, 05/15/30(b)(d)
|
|
1,528
|
1,567,859
|
|
Kaixo Bondco Telecom SA, 5.13%, 09/30/29(f)
|
EUR
|
117
|
135,573
|
|
Level 3 Financing, Inc.(b)
|
|
|
|
|
3.63%, 01/15/29
|
USD
|
83
|
77,812
|
|
6.88%, 06/30/33(d)
|
|
3,975
|
4,047,997
|
|
7.00%, 03/31/34(d)
|
|
3,950
|
4,043,164
|
|
8.50%, 01/15/36(d)
|
|
3,611
|
3,767,901
|
|
Lorca Telecom Bondco SA, 5.75%, 04/30/29(f)
|
EUR
|
100
|
118,655
|
|
Sable International Finance Ltd., 7.13%, 10/15/32(b)
|
USD
|
600
|
590,465
|
|
SoftBank Group Corp., 5.25%, 10/10/29(f)
|
EUR
|
100
|
113,693
|
|
SV RNO Property Owner 1 LLC, 5.88%, 03/01/31(b)(d)
|
USD
|
3,717
|
3,674,227
|
|
Telecom Italia Capital SA, 7.72%, 06/04/38
|
|
520
|
579,117
|
|
Turk Telekomunikasyon A/S, 6.95%, 10/07/32(b)
|
|
200
|
194,718
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL
Capital LLC(b)
|
|
|
|
|
6.50%, 02/15/29
|
|
467
|
453,568
|
|
Series Feb, 8.63%, 06/15/32
|
|
1,296
|
1,319,958
|
|
Verizon Communications, Inc.(d)
|
|
|
|
|
4.50%, 08/10/33
|
|
500
|
484,967
|
|
5.75%, 11/30/45
|
|
1,590
|
1,548,343
|
|
3.00%, 11/20/60
|
|
1,250
|
718,627
|
|
Windstream Services LLC, 7.50%, 10/15/33(b)
|
|
1,206
|
1,253,820
|
|
Windstream Services LLC/Windstream Escrow Finance
Corp., 8.25%, 10/01/31(b)(d)
|
|
2,725
|
2,848,053
|
|
WULF Compute LLC, 7.75%, 10/15/30(b)(d)
|
|
1,737
|
1,835,453
|
|
Zayo Group Holdings, Inc.(b)(h)
|
|
|
|
|
(5.75% Cash and 0.50% PIK), 9.25%, 03/09/30(d)
|
|
971
|
965,043
|
|
(7.13% Cash and 1.88% PIK), 13.75%, 09/09/30
|
|
438
|
408,494
|
|
|
|
|
50,379,314
|
|
Electric Utilities — 2.5%
|
|||
|
AES Andes SA(b)
|
|
|
|
|
6.30%, 03/15/29
|
|
200
|
204,375
|
|
(5-year CMT + 3.84%), 8.15%, 06/10/55(a)
|
|
200
|
209,650
|
|
AES Panama Generation Holdings SRL, 4.38%,
05/31/30(f)
|
|
208
|
193,132
|
|
Alpha Generation LLC, 6.75%, 10/15/32(b)(d)
|
|
440
|
446,438
|
|
California Buyer Ltd./Atlantica Sustainable Infrastructure
PLC
|
|
|
|
|
5.63%, 02/15/32(f)
|
EUR
|
100
|
111,727
|
|
6.38%, 02/15/32(b)
|
USD
|
290
|
283,352
|
|
Security
|
|
Par
(000)
|
Value
|
|
Electric Utilities (continued)
|
|||
|
Constellation Energy Generation LLC, 5.00%,
02/01/31(b)
|
USD
|
88
|
$ 88,237
|
|
ContourGlobal Power Holdings SA, 6.75%, 02/28/30(b)
|
|
600
|
606,744
|
|
Duke Energy Corp., 4.80%, 12/15/45(d)
|
|
1,500
|
1,280,952
|
|
FirstEnergy Corp., Series C, 3.40%, 03/01/50(d)
|
|
3,410
|
2,268,665
|
|
Minejesa Capital BV, 5.63%, 08/10/37(b)
|
|
200
|
191,460
|
|
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(f)
|
|
145
|
142,355
|
|
MVM Energetika Zrt, 7.50%, 06/09/28(f)
|
|
200
|
207,616
|
|
Pacific Gas and Electric Co.(d)
|
|
|
|
|
4.95%, 07/01/50
|
|
910
|
753,822
|
|
6.75%, 01/15/53
|
|
1,450
|
1,504,500
|
|
Public Power Corp. SA, 4.63%, 10/31/31(f)
|
EUR
|
100
|
115,135
|
|
Renew Treasury Ifsc Pvt Ltd., 6.50%, 02/02/31(b)
|
USD
|
200
|
193,938
|
|
Talen Energy Supply LLC, 8.63%, 06/01/30(b)
|
|
98
|
102,810
|
|
TransAlta Corp., 5.88%, 02/01/34
|
|
343
|
340,691
|
|
Virginia Electric and Power Co., 6.35%, 11/30/37(d)
|
|
750
|
807,429
|
|
Vistra Operations Co. LLC(b)
|
|
|
|
|
7.75%, 10/15/31
|
|
480
|
502,791
|
|
6.88%, 04/15/32
|
|
438
|
453,307
|
|
5.35%, 01/31/36(d)
|
|
2,000
|
1,956,387
|
|
VoltaGrid LLC, 7.38%, 11/01/30(b)(d)
|
|
2,391
|
2,469,446
|
|
XPLR Infrastructure Operating Partners LP(b)
|
|
|
|
|
8.38%, 01/15/31
|
|
1,456
|
1,532,733
|
|
8.63%, 03/15/33
|
|
736
|
777,524
|
|
7.75%, 04/15/34
|
|
1,117
|
1,153,584
|
|
|
|
|
18,898,800
|
|
Electronic Equipment, Instruments & Components(b) — 0.4%
|
|||
|
Coherent Corp., 5.00%, 12/15/29(d)
|
|
547
|
536,510
|
|
Sensata Technologies, Inc.
|
|
|
|
|
4.38%, 02/15/30
|
|
810
|
774,630
|
|
3.75%, 02/15/31
|
|
26
|
24,116
|
|
6.63%, 07/15/32
|
|
500
|
509,992
|
|
WESCO Distribution, Inc.
|
|
|
|
|
5.25%, 04/15/31
|
|
327
|
325,048
|
|
6.63%, 03/15/32
|
|
197
|
201,635
|
|
6.38%, 03/15/33
|
|
353
|
359,623
|
|
5.50%, 04/15/34
|
|
519
|
511,137
|
|
Zebra Technologies Corp., 6.50%, 06/01/32
|
|
184
|
185,254
|
|
|
|
|
3,427,945
|
|
Energy Equipment & Services — 1.3%
|
|||
|
Archrock Partners LP/Archrock Partners Finance
Corp.(b)
|
|
|
|
|
6.25%, 04/01/28
|
|
770
|
770,000
|
|
6.63%, 09/01/32
|
|
639
|
651,559
|
|
Archrock Services LP/Archrock Partners Finance Corp.,
6.00%, 02/01/34(b)
|
|
1,090
|
1,079,169
|
|
Enerflex, Inc., 6.88%, 01/15/31(b)
|
|
62
|
63,303
|
|
Kodiak Gas Services LLC(b)
|
|
|
|
|
7.25%, 02/15/29(d)
|
|
685
|
709,698
|
|
5.88%, 04/01/31
|
|
846
|
850,190
|
|
6.50%, 10/01/33
|
|
447
|
451,828
|
|
6.75%, 10/01/35(d)
|
|
1,169
|
1,187,601
|
|
Oceaneering International, Inc., 6.00%, 02/01/28
|
|
92
|
92,374
|
|
OEG Finance PLC, 7.25%, 09/27/29(f)
|
EUR
|
100
|
119,051
|
|
Star Holding LLC, 8.75%, 08/01/31(b)
|
USD
|
783
|
794,381
|
|
Tidewater, Inc., 9.13%, 07/15/30(b)
|
|
280
|
298,293
|
|
USA Compression Partners LP/USA Compression
Finance Corp.(b)
|
|
|
|
|
7.13%, 03/15/29
|
|
509
|
520,797
|
|
Security
|
|
Par
(000)
|
Value
|
|
Energy Equipment & Services (continued)
|
|||
|
USA Compression Partners LP/USA Compression
Finance Corp.(b) (continued)
|
|
|
|
|
6.25%, 10/01/33(d)
|
USD
|
1,335
|
$ 1,330,801
|
|
Weatherford International Ltd., 6.75%, 10/15/33(b)
|
|
1,023
|
1,045,270
|
|
|
|
|
9,964,315
|
|
Entertainment — 2.1%
|
|||
|
Allwyn Entertainment Financing U.K. PLC, 4.13%,
02/15/31(f)
|
EUR
|
100
|
108,751
|
|
Boyne USA, Inc., 4.75%, 05/15/29(b)
|
USD
|
397
|
385,089
|
|
Brightstar Lottery PLC/Brightstar Global Solutions Corp.,
5.75%, 01/15/33(b)
|
|
372
|
361,613
|
|
Caesars Entertainment, Inc.(b)
|
|
|
|
|
4.63%, 10/15/29
|
|
445
|
428,043
|
|
7.00%, 02/15/30(d)
|
|
1,631
|
1,651,143
|
|
6.50%, 02/15/32
|
|
1,184
|
1,170,216
|
|
Churchill Downs, Inc.(b)
|
|
|
|
|
4.75%, 01/15/28
|
|
374
|
368,958
|
|
5.75%, 04/01/30
|
|
1,275
|
1,260,927
|
|
6.75%, 05/01/31
|
|
508
|
517,551
|
|
Cinemark USA, Inc., 7.00%, 08/01/32(b)
|
|
101
|
103,776
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.28%, 03/15/32
|
|
595
|
526,575
|
|
5.05%, 03/15/42(d)
|
|
1,765
|
1,162,792
|
|
Great Canadian Gaming Corp./Raptor LLC, 8.75%,
11/15/29(b)
|
|
962
|
938,533
|
|
Light & Wonder International, Inc.(b)
|
|
|
|
|
7.25%, 11/15/29
|
|
213
|
217,132
|
|
7.50%, 09/01/31(d)
|
|
110
|
112,893
|
|
6.25%, 10/01/33
|
|
268
|
262,557
|
|
Live Nation Entertainment, Inc., 4.75%, 10/15/27(b)(d)
|
|
412
|
409,439
|
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31(b)
|
|
600
|
500,743
|
|
Mohegan Tribal Gaming Authority/MS Digital
Entertainment Holdings LLC, 8.25%, 04/15/30(b)
|
|
342
|
350,116
|
|
Motion Bondco DAC, 6.63%, 11/15/27(b)
|
|
204
|
195,272
|
|
Odeon Finco PLC, 12.75%, 11/01/27(b)
|
|
400
|
411,732
|
|
Pinewood Finco PLC, 6.00%, 03/27/30(f)
|
GBP
|
100
|
129,131
|
|
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.(b)
|
|
|
|
|
5.63%, 09/01/29
|
USD
|
148
|
90,280
|
|
5.88%, 09/01/31
|
|
214
|
117,700
|
|
Rivers Enterprise Borrower LLC, 6.25%, 10/15/30(b)
|
|
213
|
212,462
|
|
Rivers Enterprise Borrower LLC/Rivers Enterprise
Finance Corp., 6.63%, 02/01/33(b)
|
|
225
|
223,306
|
|
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30(b)
|
|
274
|
235,715
|
|
Six Flags Entertainment Corp/Canada’s Wonderland
Co/Millennium Operations LLC, 8.63%, 01/15/32(b)
|
|
182
|
182,294
|
|
Starz Capital Holdings 1, Inc., 6.00%, 04/15/30(b)
|
|
303
|
278,003
|
|
Vail Resorts, Inc.(b)
|
|
|
|
|
5.63%, 07/15/30
|
|
278
|
275,700
|
|
6.50%, 05/15/32
|
|
479
|
484,398
|
|
Voyager Parent LLC, 9.25%, 07/01/32(b)
|
|
414
|
429,821
|
|
Wynn Resorts Finance LLC/Wynn Resorts Capital
Corp.(b)
|
|
|
|
|
5.13%, 10/01/29
|
|
958
|
945,614
|
|
7.13%, 02/15/31(d)
|
|
275
|
288,267
|
|
6.25%, 03/15/33
|
|
606
|
599,697
|
|
|
|
|
15,936,239
|
|
Security
|
|
Par
(000)
|
Value
|
|
Environmental, Maintenance & Security Service — 0.9%
|
|||
|
Biffa Group Holdings Ltd.(f)
|
|
|
|
|
5.25%, 06/15/31
|
EUR
|
100
|
$ 111,815
|
|
7.38%, 06/15/31
|
GBP
|
100
|
129,249
|
|
Clean Harbors, Inc., 6.38%, 02/01/31(b)
|
USD
|
53
|
53,826
|
|
GFL Environmental Holdings U.S., Inc., 5.50%,
02/01/34(b)
|
|
758
|
743,443
|
|
GFL Environmental, Inc.(b)
|
|
|
|
|
4.00%, 08/01/28
|
|
567
|
551,193
|
|
4.38%, 08/15/29
|
|
519
|
504,947
|
|
6.75%, 01/15/31
|
|
444
|
459,463
|
|
Luna 15 SARL(h)
|
|
|
|
|
(10.50% PIK), 10.50%, 07/01/32(b)
|
EUR
|
145
|
177,654
|
|
(10.50% PIK), 10.50%, 07/01/32(f)
|
|
100
|
122,520
|
|
Madison IAQ LLC(b)
|
|
|
|
|
4.13%, 06/30/28
|
USD
|
320
|
312,510
|
|
5.88%, 06/30/29
|
|
1,160
|
1,137,565
|
|
Paprec Holding SA, 4.13%, 07/15/30(f)
|
EUR
|
100
|
113,347
|
|
Reworld Holding Corp., 4.88%, 12/01/29(b)
|
USD
|
181
|
169,680
|
|
Waste Pro USA, Inc., 7.00%, 02/01/33(b)(d)
|
|
2,341
|
2,367,339
|
|
|
|
|
6,954,551
|
|
Financial Services — 4.5%
|
|||
|
Ally Financial, Inc., Series B, (5-year CMT + 3.87%),
4.70%(a)(d)(i)
|
|
3,000
|
2,971,997
|
|
Azorra Finance Ltd.(b)
|
|
|
|
|
7.75%, 04/15/30
|
|
223
|
229,851
|
|
7.25%, 01/15/31
|
|
155
|
156,502
|
|
6.25%, 02/15/34
|
|
194
|
180,310
|
|
BNP Paribas SA, (5-year CMT + 4.90%), 7.75%(a)(b)(i)
|
|
3,000
|
3,094,464
|
|
Citigroup, Inc., (1-day SOFR + 1.49%), 5.17%,
09/11/36(a)(d)
|
|
2,000
|
1,982,584
|
|
CrossCountry Intermediate HoldCo LLC(b)
|
|
|
|
|
6.50%, 10/01/30
|
|
101
|
96,267
|
|
6.75%, 12/01/32
|
|
108
|
101,623
|
|
Deutsche Bank AG, (1-day SOFR + 3.18%), 6.72%,
01/18/29(a)(d)
|
|
815
|
844,377
|
|
Freedom Mortgage Holdings LLC(b)
|
|
|
|
|
6.88%, 05/01/31
|
|
88
|
82,272
|
|
9.13%, 05/15/31
|
|
551
|
560,091
|
|
8.38%, 04/01/32
|
|
125
|
122,962
|
|
GGAM Finance Ltd.(b)
|
|
|
|
|
8.00%, 06/15/28
|
|
177
|
183,701
|
|
6.88%, 04/15/29
|
|
341
|
348,585
|
|
5.88%, 03/15/30
|
|
281
|
279,946
|
|
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
|
|
469
|
475,894
|
|
Goldman Sachs Group, Inc., (1-day SOFR + 1.19%),
5.07%, 01/21/37(a)(d)
|
|
2,000
|
1,955,344
|
|
Intrum Investments And Financing AB, 8.00%,
09/11/27(f)
|
EUR
|
100
|
114,906
|
|
JPMorgan Chase & Co.(a)(d)
|
|
|
|
|
(1-day SOFR + 1.13%), 5.00%, 07/22/30
|
USD
|
3,000
|
3,042,591
|
|
(3-mo. CME Term SOFR + 1.21%), 3.51%, 01/23/29
|
|
2,250
|
2,213,641
|
|
Midcap Financial Issuer Trust(b)
|
|
|
|
|
6.50%, 05/01/28
|
|
200
|
194,077
|
|
5.63%, 01/15/30
|
|
400
|
372,744
|
|
Morgan Stanley, (1-day SOFR + 1.26%), 5.66%,
04/18/30(a)(d)
|
|
3,000
|
3,086,164
|
|
PennyMac Financial Services, Inc.(b)
|
|
|
|
|
7.88%, 12/15/29(d)
|
|
266
|
272,109
|
|
7.13%, 11/15/30
|
|
319
|
317,014
|
|
6.88%, 05/15/32
|
|
674
|
650,405
|
|
6.75%, 02/15/34
|
|
617
|
577,412
|
|
Phoenix Aviation Capital Ltd., 9.25%, 07/15/30(b)
|
|
1,639
|
1,649,309
|
|
Security
|
|
Par
(000)
|
Value
|
|
Financial Services (continued)
|
|||
|
PRA Group Europe Holding II SARL, 6.25%, 09/30/32(f)
|
EUR
|
100
|
$ 109,320
|
|
Rocket Cos., Inc.(b)
|
|
|
|
|
6.50%, 08/01/29
|
USD
|
456
|
461,132
|
|
6.13%, 08/01/30
|
|
1,507
|
1,520,905
|
|
7.13%, 02/01/32(d)
|
|
1,250
|
1,288,416
|
|
6.38%, 08/01/33
|
|
2,109
|
2,131,659
|
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer,
Inc.(b)
|
|
|
|
|
2.88%, 10/15/26
|
|
333
|
329,398
|
|
3.88%, 03/01/31
|
|
74
|
68,286
|
|
4.00%, 10/15/33
|
|
35
|
31,373
|
|
Titanium 2l Bondco SARL, (6.25% PIK), 6.25%,
01/14/31(h)
|
EUR
|
100
|
16,760
|
|
UBS AG, 5.00%, 07/09/27(d)
|
USD
|
900
|
907,917
|
|
UWM Holdings LLC(b)
|
|
|
|
|
6.63%, 02/01/30
|
|
784
|
739,447
|
|
6.25%, 03/15/31
|
|
881
|
802,314
|
|
|
|
|
34,564,069
|
|
Food Products — 1.2%
|
|||
|
Aramark Services, Inc., 5.00%, 02/01/28(b)
|
|
492
|
489,096
|
|
B&G Foods, Inc., 8.00%, 09/15/28(b)
|
|
118
|
116,195
|
|
Chobani Holdco II LLC, (8.75% in Cash or 9.50% in
PIK), 8.75%, 10/01/29(b)(h)
|
|
1,529
|
1,626,918
|
|
Chobani LLC/Chobani Finance Corp., Inc.(b)
|
|
|
|
|
4.63%, 11/15/28
|
|
1,198
|
1,177,666
|
|
7.63%, 07/01/29
|
|
1,528
|
1,561,398
|
|
Darling Global Finance BV
|
|
|
|
|
4.50%, 07/15/32(b)
|
EUR
|
250
|
287,536
|
|
4.50%, 07/15/32(f)
|
|
100
|
115,014
|
|
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(d)
|
USD
|
84
|
84,587
|
|
Elior Group SA, 5.63%, 03/15/30(f)
|
EUR
|
100
|
116,660
|
|
Fiesta Purchaser, Inc.(b)
|
|
|
|
|
7.88%, 03/01/31
|
USD
|
25
|
25,452
|
|
9.63%, 09/15/32
|
|
117
|
119,161
|
|
Froneri Lux FinCo SARL, 4.75%, 08/01/32(f)
|
EUR
|
100
|
109,185
|
|
Irca SpA, (3-mo. EURIBOR + 3.75%), 5.90%,
12/15/29(a)(f)
|
|
100
|
115,768
|
|
Lamb Weston Holdings, Inc.(b)
|
|
|
|
|
4.13%, 01/31/30
|
USD
|
368
|
350,353
|
|
4.38%, 01/31/32(d)
|
|
516
|
479,339
|
|
Post Holdings, Inc.(b)
|
|
|
|
|
4.63%, 04/15/30
|
|
397
|
381,122
|
|
4.50%, 09/15/31
|
|
42
|
39,052
|
|
6.25%, 02/15/32
|
|
130
|
131,344
|
|
6.38%, 03/01/33
|
|
317
|
312,290
|
|
6.25%, 10/15/34
|
|
600
|
587,524
|
|
6.50%, 03/15/36
|
|
760
|
744,284
|
|
Premier Foods Finance PLC, 3.50%, 10/15/26(f)
|
GBP
|
100
|
130,892
|
|
|
|
|
9,100,836
|
|
Ground Transportation — 0.3%
|
|||
|
Genesee & Wyoming, Inc., 6.25%, 04/15/32(b)
|
USD
|
568
|
574,788
|
|
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(b)(d)
|
|
1,491
|
1,520,277
|
|
Union Pacific Corp., 3.20%, 05/20/41
|
|
275
|
211,591
|
|
Watco Cos. LLC/Watco Finance Corp., 7.13%,
08/01/32(b)
|
|
291
|
298,861
|
|
|
|
|
2,605,517
|
|
Health Care Equipment & Supplies(b) — 0.7%
|
|||
|
Avantor Funding, Inc.
|
|
|
|
|
4.63%, 07/15/28(d)
|
|
624
|
609,032
|
|
3.88%, 11/01/29
|
|
31
|
29,084
|
|
Bausch & Lomb Corp., 8.38%, 10/01/28
|
|
1,440
|
1,486,800
|
|
Hologic, Inc., 3.25%, 02/15/29
|
|
22
|
21,962
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Equipment & Supplies (continued)
|
|||
|
Insulet Corp., 6.50%, 04/01/33
|
USD
|
187
|
$ 190,871
|
|
Medline Borrower LP, 5.25%, 10/01/29(d)
|
|
2,001
|
1,983,378
|
|
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%,
04/01/29
|
|
557
|
567,573
|
|
Neogen Food Safety Corp., 8.63%, 07/20/30
|
|
233
|
244,726
|
|
|
|
|
5,133,426
|
|
Health Care Providers & Services — 3.1%
|
|||
|
Acadia Healthcare Co., Inc., 7.38%, 03/15/33(b)(d)
|
|
168
|
172,003
|
|
AHP Health Partners, Inc., 5.75%, 07/15/29(b)
|
|
1,233
|
1,219,343
|
|
Charles River Laboratories International, Inc., 4.00%,
03/15/31(b)
|
|
55
|
51,166
|
|
CHS/Community Health Systems, Inc.(b)
|
|
|
|
|
5.25%, 05/15/30(d)
|
|
2,298
|
2,165,824
|
|
4.75%, 02/15/31
|
|
800
|
737,539
|
|
10.88%, 01/15/32(d)
|
|
386
|
414,124
|
|
9.75%, 01/15/34
|
|
2,211
|
2,294,726
|
|
Concentra Health Services, Inc., 6.88%, 07/15/32(b)
|
|
522
|
539,677
|
|
DaVita, Inc.(b)
|
|
|
|
|
6.88%, 09/01/32
|
|
86
|
88,101
|
|
6.75%, 07/15/33
|
|
49
|
49,841
|
|
Ephios Subco 3 SARL, 7.88%, 01/31/31(f)
|
EUR
|
100
|
121,049
|
|
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)
|
USD
|
98
|
92,875
|
|
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
|
|
200
|
175,213
|
|
HCA, Inc., 5.70%, 11/15/55(d)
|
|
1,650
|
1,534,899
|
|
HealthEquity, Inc., 4.50%, 10/01/29(b)
|
|
559
|
540,825
|
|
IQVIA, Inc., 6.25%, 06/01/32(b)
|
|
1,220
|
1,238,899
|
|
LifePoint Health, Inc.(b)
|
|
|
|
|
9.88%, 08/15/30
|
|
193
|
204,100
|
|
11.00%, 10/15/30(d)
|
|
1,038
|
1,116,338
|
|
8.38%, 02/15/32
|
|
624
|
666,383
|
|
10.00%, 06/01/32
|
|
961
|
981,402
|
|
Molina Healthcare, Inc.(b)
|
|
|
|
|
3.88%, 11/15/30
|
|
302
|
269,997
|
|
6.50%, 02/15/31
|
|
598
|
587,897
|
|
6.25%, 01/15/33
|
|
141
|
136,712
|
|
Northwell Healthcare, Inc., 4.26%, 11/01/47(d)
|
|
686
|
555,734
|
|
Option Care Health, Inc., 4.38%, 10/31/29(b)
|
|
314
|
302,633
|
|
Prime Healthcare Services, Inc., 9.38%, 09/01/29(b)
|
|
152
|
157,624
|
|
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
|
|
259
|
267,540
|
|
Star Parent, Inc., 9.00%, 10/01/30(b)(d)
|
|
953
|
987,309
|
|
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)(d)
|
|
2,489
|
2,444,629
|
|
Tenet Healthcare Corp.
|
|
|
|
|
6.75%, 05/15/31
|
|
1,097
|
1,121,280
|
|
5.50%, 11/15/32(b)
|
|
295
|
292,279
|
|
6.00%, 11/15/33(b)
|
|
431
|
436,106
|
|
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)
|
|
931
|
899,391
|
|
UnitedHealth Group, Inc., 3.95%, 10/15/42(d)
|
|
750
|
606,487
|
|
|
|
|
23,469,945
|
|
Health Care REITs — 0.3%
|
|||
|
Diversified Healthcare Trust, 7.25%, 10/15/30(b)
|
|
182
|
183,564
|
|
MPT Operating Partnership LP/MPT Finance Corp.
|
|
|
|
|
7.00%, 02/15/32(b)
|
EUR
|
355
|
403,809
|
|
7.00%, 02/15/32(f)
|
|
100
|
113,749
|
|
8.50%, 02/15/32(b)
|
USD
|
1,693
|
1,716,384
|
|
|
|
|
2,417,506
|
|
Hotel & Resort REITs — 0.9%
|
|||
|
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
|
|
295
|
298,612
|
|
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%,
10/15/29(b)
|
|
158
|
158,287
|
|
RHP Hotel Properties LP/RHP Finance Corp.(b)
|
|
|
|
|
4.50%, 02/15/29
|
|
142
|
137,654
|
|
Security
|
|
Par
(000)
|
Value
|
|
Hotel & Resort REITs (continued)
|
|||
|
RHP Hotel Properties LP/RHP Finance
Corp.(b) (continued)
|
|
|
|
|
6.50%, 04/01/32
|
USD
|
1,028
|
$ 1,046,623
|
|
6.50%, 06/15/33
|
|
485
|
493,864
|
|
5.75%, 03/15/34
|
|
900
|
888,168
|
|
Service Properties Trust
|
|
|
|
|
0.00%, 09/30/28(b)(l)
|
|
1,115
|
1,014,422
|
|
8.63%, 11/15/31(b)(d)
|
|
2,330
|
2,433,270
|
|
8.88%, 06/15/32
|
|
259
|
256,705
|
|
XHR LP, 6.63%, 05/15/30(b)
|
|
156
|
157,498
|
|
|
|
|
6,885,103
|
|
Hotels, Restaurants & Leisure — 1.2%
|
|||
|
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc.(b)
|
|
|
|
|
3.88%, 01/15/28
|
|
69
|
67,446
|
|
4.38%, 01/15/28
|
|
58
|
57,188
|
|
4.00%, 10/15/30
|
|
771
|
724,682
|
|
Essendi SA, 5.50%, 11/15/31(f)
|
EUR
|
100
|
113,011
|
|
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc.(b)
|
|
|
|
|
4.63%, 01/15/29
|
USD
|
412
|
393,760
|
|
6.75%, 01/15/30
|
|
172
|
160,657
|
|
Fortune Star BVI Ltd., 5.88%, 11/20/30(f)
|
EUR
|
125
|
134,006
|
|
Hilton Domestic Operating Co., Inc.(b)
|
|
|
|
|
6.13%, 04/01/32
|
USD
|
195
|
197,926
|
|
5.88%, 03/15/33
|
|
571
|
574,486
|
|
5.75%, 09/15/33
|
|
185
|
184,165
|
|
5.50%, 03/31/34
|
|
397
|
387,860
|
|
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)
|
|
352
|
260,362
|
|
Melco Resorts Finance Ltd.(b)
|
|
|
|
|
5.75%, 07/21/28
|
|
200
|
196,386
|
|
5.38%, 12/04/29
|
|
1,000
|
958,750
|
|
7.63%, 04/17/32
|
|
744
|
755,335
|
|
6.50%, 09/24/33
|
|
200
|
191,886
|
|
MGM China Holdings Ltd., 7.13%, 06/26/31(b)
|
|
200
|
204,100
|
|
MGM Resorts International, 6.13%, 09/15/29
|
|
428
|
430,536
|
|
Station Casinos LLC(b)
|
|
|
|
|
4.63%, 12/01/31
|
|
354
|
330,526
|
|
6.63%, 03/15/32
|
|
173
|
173,671
|
|
Wyndham Hotels & Resorts, Inc., 5.63%, 03/01/33(b)
|
|
241
|
237,138
|
|
Wynn Macau Ltd.
|
|
|
|
|
5.63%, 08/26/28(b)
|
|
1,163
|
1,143,185
|
|
5.63%, 08/26/28(f)
|
|
200
|
196,593
|
|
5.13%, 12/15/29(b)
|
|
610
|
583,190
|
|
6.75%, 02/15/34(b)
|
|
200
|
194,500
|
|
|
|
|
8,851,345
|
|
Household Durables — 1.0%
|
|||
|
Ashton Woods USA LLC/Ashton Woods Finance Co.(b)
|
|
|
|
|
4.63%, 04/01/30
|
|
185
|
171,704
|
|
6.88%, 08/01/33
|
|
188
|
181,370
|
|
Beazer Homes USA, Inc., 5.88%, 10/15/27
|
|
74
|
73,642
|
|
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC(b)
|
|
|
|
|
5.00%, 06/15/29
|
|
874
|
829,247
|
|
4.88%, 02/15/30
|
|
1,308
|
1,200,917
|
|
Central Garden & Pet Co., 4.13%, 10/15/30
|
|
159
|
149,590
|
|
Century Communities, Inc., 6.63%, 09/15/33(b)(d)
|
|
411
|
402,635
|
|
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
|
|
151
|
153,430
|
|
Empire Communities Corp., 9.75%, 05/01/29(b)
|
|
67
|
67,274
|
|
Installed Building Products, Inc., 5.63%, 02/01/34(b)
|
|
355
|
346,408
|
|
Security
|
|
Par
(000)
|
Value
|
|
Household Durables (continued)
|
|||
|
K Hovnanian Enterprises, Inc.(b)
|
|
|
|
|
8.00%, 04/01/31
|
USD
|
860
|
$ 850,269
|
|
8.38%, 10/01/33
|
|
651
|
643,769
|
|
LGI Homes, Inc.(b)
|
|
|
|
|
8.75%, 12/15/28
|
|
116
|
118,683
|
|
7.00%, 11/15/32
|
|
291
|
269,823
|
|
Mattamy Group Corp., 6.00%, 12/15/33(b)
|
|
111
|
104,235
|
|
Meritage Homes Corp., 1.75%, 05/15/28(d)(j)
|
|
521
|
501,723
|
|
Newell Brands, Inc.
|
|
|
|
|
8.50%, 06/01/28(b)
|
|
304
|
313,789
|
|
6.63%, 09/15/29
|
|
106
|
103,465
|
|
6.38%, 05/15/30
|
|
125
|
119,989
|
|
6.63%, 05/15/32
|
|
181
|
173,214
|
|
Risewell Homes, Inc.(b)
|
|
|
|
|
9.25%, 10/01/29
|
|
296
|
299,004
|
|
8.50%, 11/01/30
|
|
94
|
91,915
|
|
Scotts Miracle-Gro Co.
|
|
|
|
|
4.50%, 10/15/29
|
|
64
|
62,565
|
|
4.38%, 02/01/32
|
|
15
|
14,010
|
|
Somnigroup International, Inc., 3.88%, 10/15/31(b)
|
|
66
|
60,004
|
|
STL Holding Co. LLC, 8.75%, 02/15/29(b)
|
|
158
|
163,235
|
|
Taylor Morrison Communities, Inc., 5.75%, 11/15/32(b)
|
|
166
|
166,145
|
|
|
|
|
7,632,054
|
|
Independent Power and Renewable Electricity Producers(b) — 1.0%
|
|||
|
Clearway Energy Operating LLC, 4.75%, 03/15/28
|
|
53
|
52,293
|
|
Lightning Power LLC, 7.25%, 08/15/32
|
|
126
|
130,974
|
|
NRG Energy, Inc.
|
|
|
|
|
5.75%, 07/15/29
|
|
260
|
259,611
|
|
6.00%, 02/01/33
|
|
1,038
|
1,038,265
|
|
5.75%, 01/15/34
|
|
916
|
903,565
|
|
6.25%, 11/01/34
|
|
847
|
853,752
|
|
5.41%, 10/15/35(d)
|
|
1,000
|
980,925
|
|
6.00%, 01/15/36(d)
|
|
3,402
|
3,371,066
|
|
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(i)
|
|
240
|
242,544
|
|
|
|
|
7,832,995
|
|
Industrial Conglomerates — 0.1%
|
|||
|
Amsted Industries, Inc., 6.38%, 03/15/33(b)
|
|
169
|
169,837
|
|
Avient Corp., 6.25%, 11/01/31(b)
|
|
227
|
228,585
|
|
Axon Enterprise, Inc., 6.25%, 03/15/33(b)
|
|
142
|
144,946
|
|
Enpro, Inc., 6.13%, 06/01/33(b)
|
|
219
|
221,511
|
|
Maxam Prill SARL, 6.00%, 07/15/30(f)
|
EUR
|
100
|
114,227
|
|
|
|
|
879,106
|
|
Insurance — 5.7%
|
|||
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)
|
|
|
|
|
4.25%, 10/15/27
|
USD
|
2,111
|
2,068,900
|
|
6.75%, 10/15/27(d)
|
|
141
|
140,893
|
|
5.88%, 11/01/29(d)
|
|
2,301
|
2,226,285
|
|
7.00%, 01/15/31
|
|
1,268
|
1,278,793
|
|
6.50%, 10/01/31
|
|
230
|
225,848
|
|
7.38%, 10/01/32(d)
|
|
2,170
|
2,149,279
|
|
AmWINS Group, Inc.(b)
|
|
|
|
|
6.38%, 02/15/29
|
|
120
|
120,695
|
|
4.88%, 06/30/29
|
|
147
|
140,821
|
|
Amynta Agency Borrower, Inc. and Amynta Warranty
Borrower, Inc., 7.50%, 07/15/33(b)
|
|
460
|
436,235
|
|
APH Somerset Investor 2 LLC/APH2 Somerset Investor
2 LLC/APH3 Somerset Investor 2 LLC, 7.88%,
11/01/29(b)
|
|
617
|
557,935
|
|
Ardonagh Finco Ltd.
|
|
|
|
|
6.88%, 02/15/31(f)
|
EUR
|
375
|
430,454
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
Ardonagh Finco Ltd. (continued)
|
|
|
|
|
7.75%, 02/15/31(b)(d)
|
USD
|
2,814
|
$ 2,846,972
|
|
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)(d)
|
|
3,053
|
2,991,215
|
|
Asurion LLC/Asurion Co-Issuer, Inc.(b)
|
|
|
|
|
8.00%, 12/31/32(d)
|
|
1,493
|
1,548,910
|
|
8.38%, 02/01/34
|
|
1,365
|
1,325,227
|
|
Berkshire Hathaway Finance Corp., 5.75%, 01/15/40
|
|
250
|
266,557
|
|
Howden U.K. Refinance PLC/Howden U.K. Refinance
2 PLC/Howden U.S. Refinance LLC(b)(d)
|
|
|
|
|
7.25%, 02/15/31
|
|
2,495
|
2,516,010
|
|
8.13%, 02/15/32
|
|
1,789
|
1,676,203
|
|
HUB International Ltd.(b)(d)
|
|
|
|
|
7.25%, 06/15/30
|
|
4,771
|
4,887,431
|
|
7.38%, 01/31/32
|
|
7,726
|
7,880,234
|
|
Jones Deslauriers Insurance Management, Inc.(b)
|
|
|
|
|
8.50%, 03/15/30
|
|
903
|
917,834
|
|
6.88%, 10/01/33
|
|
873
|
798,638
|
|
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)(d)
|
|
4,202
|
4,216,115
|
|
Ryan Specialty LLC(b)
|
|
|
|
|
4.38%, 02/01/30
|
|
163
|
157,910
|
|
5.88%, 08/01/32
|
|
445
|
439,822
|
|
Teachers Insurance & Annuity Association of America,
4.27%, 05/15/47(b)
|
|
700
|
562,778
|
|
Unipol Assicurazioni SpA, 4.90%, 05/23/34(f)
|
EUR
|
100
|
118,189
|
|
USI, Inc., 7.50%, 01/15/32(b)(d)
|
USD
|
928
|
940,212
|
|
|
|
|
43,866,395
|
|
Interactive Media & Services — 1.8%
|
|||
|
Alphabet, Inc., 5.35%, 11/15/45(d)
|
|
1,570
|
1,535,131
|
|
Beignet Investor LLC, 6.58%, 05/30/49(b)(d)
|
|
9,517
|
9,784,962
|
|
iliad SA, 4.25%, 01/09/32(f)
|
EUR
|
100
|
113,185
|
|
ION Platform Finance U.S., Inc./ION Platform Finance
SARL(b)
|
|
|
|
|
4.63%, 05/01/28
|
USD
|
122
|
113,767
|
|
5.00%, 05/01/28
|
|
668
|
623,944
|
|
8.75%, 05/01/29
|
|
217
|
201,800
|
|
Prosus NV, 4.03%, 08/03/50(f)
|
|
304
|
202,844
|
|
Snap, Inc.(b)
|
|
|
|
|
6.88%, 03/01/33(d)
|
|
660
|
623,218
|
|
6.88%, 03/15/34
|
|
715
|
672,507
|
|
|
|
|
13,871,358
|
|
Internet Software & Services — 0.6%
|
|||
|
Amazon.com, Inc., 3.95%, 04/13/52(d)
|
|
2,980
|
2,284,898
|
|
Getty Images, Inc.(b)
|
|
|
|
|
11.25%, 02/21/30
|
|
243
|
218,843
|
|
10.50%, 11/15/30
|
|
185
|
165,912
|
|
Match Group Holdings II LLC(b)
|
|
|
|
|
4.13%, 08/01/30
|
|
262
|
242,804
|
|
3.63%, 10/01/31
|
|
64
|
56,901
|
|
6.13%, 09/15/33
|
|
789
|
766,761
|
|
Rakuten Group, Inc.(b)
|
|
|
|
|
11.25%, 02/15/27
|
|
283
|
292,910
|
|
9.75%, 04/15/29
|
|
474
|
505,093
|
|
|
|
|
4,534,122
|
|
IT Services — 0.6%
|
|||
|
Almaviva-The Italian Innovation Co. SpA, 5.00%,
10/30/30(f)
|
EUR
|
100
|
109,533
|
|
Amentum Holdings, Inc., 7.25%, 08/01/32(b)(d)
|
USD
|
115
|
119,003
|
|
Atos SE, 9.73%, 12/18/29(f)(m)
|
EUR
|
50
|
65,349
|
|
CACI International, Inc., 6.38%, 06/15/33(b)
|
USD
|
519
|
528,304
|
|
CoreWeave, Inc., 9.25%, 06/01/30(b)(d)
|
|
487
|
473,198
|
|
Fair Isaac Corp.(b)
|
|
|
|
|
4.00%, 06/15/28
|
|
112
|
108,688
|
|
Security
|
|
Par
(000)
|
Value
|
|
IT Services (continued)
|
|||
|
Fair Isaac Corp.(b) (continued)
|
|
|
|
|
6.00%, 05/15/33
|
USD
|
1,202
|
$ 1,179,428
|
|
Fortress Intermediate 3, Inc., 7.50%, 06/01/31(b)(d)
|
|
1,178
|
1,170,754
|
|
KBR, Inc., 4.75%, 09/30/28(b)
|
|
204
|
199,476
|
|
Science Applications International Corp.(b)
|
|
|
|
|
4.88%, 04/01/28
|
|
239
|
235,206
|
|
5.88%, 11/01/33
|
|
533
|
520,140
|
|
|
|
|
4,709,079
|
|
Leisure Products — 1.1%
|
|||
|
Acushnet Co., 5.63%, 12/01/33(b)
|
|
172
|
170,669
|
|
Carnival Corp.(b)
|
|
|
|
|
5.88%, 06/15/31
|
|
366
|
370,499
|
|
5.75%, 08/01/32
|
|
706
|
705,770
|
|
6.13%, 02/15/33
|
|
1,133
|
1,144,358
|
|
Carnival PLC, 4.13%, 07/15/31(b)
|
EUR
|
299
|
336,489
|
|
Deuce Finco PLC, 7.00%, 11/20/31(f)
|
GBP
|
100
|
130,338
|
|
Lindblad Expeditions LLC, 7.00%, 09/15/30(b)
|
USD
|
439
|
448,215
|
|
NCL Corp. Ltd.(b)
|
|
|
|
|
5.88%, 01/15/31
|
|
137
|
133,105
|
|
6.75%, 02/01/32
|
|
316
|
313,602
|
|
6.25%, 09/15/33(d)
|
|
1,430
|
1,387,584
|
|
Sabre Financial Borrower LLC, 11.13%, 06/15/29(b)
|
|
1,216
|
1,244,361
|
|
TUI AG, 5.88%, 03/15/29(f)
|
EUR
|
100
|
115,166
|
|
Viking Cruises Ltd.(b)
|
|
|
|
|
7.00%, 02/15/29
|
USD
|
66
|
66,121
|
|
9.13%, 07/15/31
|
|
708
|
746,901
|
|
5.88%, 10/15/33
|
|
815
|
804,659
|
|
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)
|
|
206
|
205,689
|
|
|
|
|
8,323,526
|
|
Machinery — 0.6%
|
|||
|
Chart Industries, Inc.(b)
|
|
|
|
|
7.50%, 01/01/30
|
|
587
|
609,838
|
|
9.50%, 01/01/31
|
|
102
|
107,151
|
|
Columbus McKinnon Corp., 7.13%, 02/01/33(b)
|
|
330
|
329,848
|
|
Esab Corp.(b)
|
|
|
|
|
6.25%, 04/15/29
|
|
138
|
140,056
|
|
5.63%, 04/01/31
|
|
1,105
|
1,112,746
|
|
GrafTech Global Enterprises, Inc., 9.88%, 12/23/29(b)(d)
|
|
170
|
108,578
|
|
IMA Industria Macchine Automatiche SpA, (3-mo.
EURIBOR + 3.75%), 5.77%, 04/15/29(a)(f)
|
EUR
|
100
|
115,599
|
|
King U.S. Bidco, Inc., (3-mo. EURIBOR + 3.25%),
5.31%, 12/01/32(a)(f)
|
|
100
|
115,018
|
|
Lsf12 Helix Parent LLC, 7.13%, 02/01/33(b)
|
USD
|
802
|
771,850
|
|
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
|
|
175
|
182,749
|
|
Terex Corp.(b)(d)
|
|
|
|
|
5.00%, 05/15/29
|
|
42
|
41,379
|
|
6.25%, 10/15/32
|
|
253
|
254,649
|
|
TK Elevator Midco GmbH, 4.38%, 07/15/27(f)
|
EUR
|
70
|
81,211
|
|
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)(d)
|
USD
|
566
|
564,520
|
|
|
|
|
4,535,192
|
|
Media — 4.4%
|
|||
|
Block Communications, Inc., 10.25%, 03/01/31(b)
|
|
135
|
123,517
|
|
Cable One, Inc., 1.13%, 03/15/28(j)
|
|
1,148
|
863,296
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
5.38%, 06/01/29(b)
|
|
76
|
74,955
|
|
6.38%, 09/01/29(b)
|
|
1,243
|
1,246,815
|
|
4.75%, 03/01/30(b)
|
|
229
|
217,292
|
|
4.25%, 02/01/31(b)
|
|
2,211
|
2,015,226
|
|
4.75%, 02/01/32(b)
|
|
683
|
617,546
|
|
4.50%, 05/01/32
|
|
38
|
33,944
|
|
7.00%, 02/01/33(b)
|
|
526
|
527,449
|
|
4.50%, 06/01/33(b)
|
|
704
|
612,919
|
|
Security
|
|
Par
(000)
|
Value
|
|
Media (continued)
|
|||
|
CCO Holdings LLC/CCO Holdings Capital
Corp. (continued)
|
|
|
|
|
4.25%, 01/15/34(b)(d)
|
USD
|
2,125
|
$ 1,817,924
|
|
7.38%, 02/01/36(b)
|
|
1,547
|
1,540,575
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital, 5.38%,
05/01/47(d)
|
|
3,000
|
2,414,065
|
|
CSC Holdings LLC(b)
|
|
|
|
|
5.50%, 04/15/27
|
|
606
|
525,641
|
|
5.38%, 02/01/28
|
|
800
|
591,641
|
|
11.25%, 05/15/28
|
|
1,317
|
1,076,179
|
|
11.75%, 01/31/29
|
|
883
|
638,537
|
|
Directv Financing LLC, 8.88%, 02/01/30(b)(d)
|
|
841
|
839,129
|
|
Directv Financing LLC/Directv Financing Co-Obligor,
Inc.(b)
|
|
|
|
|
5.88%, 08/15/27(d)
|
|
648
|
647,317
|
|
10.00%, 02/15/31
|
|
616
|
628,831
|
|
Discovery Communications LLC, 3.95%, 03/20/28
|
|
408
|
399,718
|
|
DISH DBS Corp.(b)
|
|
|
|
|
5.25%, 12/01/26
|
|
1,555
|
1,541,663
|
|
5.75%, 12/01/28
|
|
1,201
|
1,161,598
|
|
DISH Network Corp., 11.75%, 11/15/27(b)
|
|
2,070
|
2,132,607
|
|
Gray Media, Inc.(b)
|
|
|
|
|
10.50%, 07/15/29(d)
|
|
103
|
109,453
|
|
9.63%, 07/15/32(d)
|
|
824
|
823,948
|
|
7.25%, 08/15/33
|
|
1,046
|
1,054,024
|
|
LCPR Senior Secured Financing DAC, 6.75%,
10/15/27(b)
|
|
580
|
386,968
|
|
Midcontinent Communications, 8.00%, 08/15/32(b)
|
|
781
|
727,384
|
|
Sinclair Television Group, Inc., 8.13%, 02/15/33(b)(d)
|
|
1,193
|
1,212,762
|
|
Sirius XM Radio LLC(b)
|
|
|
|
|
5.00%, 08/01/27
|
|
819
|
817,857
|
|
4.00%, 07/15/28(d)
|
|
96
|
92,665
|
|
Sunrise FinCo I BV
|
|
|
|
|
4.88%, 07/15/31(b)
|
|
794
|
755,920
|
|
4.63%, 05/15/32(f)
|
EUR
|
100
|
112,936
|
|
Telenet Finance Luxembourg Notes SARL, 5.50%,
03/01/28(b)
|
USD
|
400
|
392,525
|
|
Univision Communications, Inc.(b)
|
|
|
|
|
8.00%, 08/15/28
|
|
1,761
|
1,787,401
|
|
8.50%, 07/31/31(d)
|
|
807
|
810,938
|
|
9.38%, 08/01/32
|
|
1,071
|
1,103,789
|
|
Versant Media Group, Inc., 7.25%, 01/30/31(b)
|
|
184
|
188,306
|
|
Virgin Media O2 Vendor Financing Notes VII DAC,
7.50%, 07/15/33(f)
|
EUR
|
100
|
101,292
|
|
VZ Secured Financing BV, 5.25%, 01/15/33(f)
|
|
100
|
106,559
|
|
Ziggo Bond Co. BV, 5.13%, 02/28/30(b)
|
USD
|
295
|
253,135
|
|
Ziggo BV, 4.88%, 01/15/30(b)
|
|
573
|
535,115
|
|
|
|
|
33,661,361
|
|
Metals & Mining — 2.8%
|
|||
|
Advanced Drainage Systems, Inc., 6.38%, 06/15/30(b)
|
|
364
|
367,162
|
|
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30
|
|
200
|
190,932
|
|
Arsenal AIC Parent LLC(b)
|
|
|
|
|
8.00%, 10/01/30
|
|
312
|
324,844
|
|
11.50%, 10/01/31
|
|
1,329
|
1,435,987
|
|
BHP Billiton Finance USA Ltd., 5.00%, 09/30/43
|
|
250
|
232,836
|
|
Big River Steel LLC/BRS Finance Corp., 6.63%,
01/31/29(b)
|
|
1,014
|
1,011,653
|
|
Carpenter Technology Corp., 5.63%, 03/01/34(b)
|
|
456
|
451,800
|
|
Cleveland-Cliffs, Inc., 6.88%, 11/01/29(b)
|
|
563
|
562,950
|
|
Security
|
|
Par
(000)
|
Value
|
|
Metals & Mining (continued)
|
|||
|
Commercial Metals Co.(b)
|
|
|
|
|
5.75%, 11/15/33
|
USD
|
526
|
$ 520,470
|
|
6.00%, 12/15/35
|
|
542
|
534,328
|
|
Constellium SE(b)
|
|
|
|
|
5.63%, 06/15/28
|
|
250
|
248,767
|
|
3.75%, 04/15/29(d)
|
|
1,492
|
1,423,016
|
|
6.38%, 08/15/32
|
|
422
|
426,575
|
|
Corp. Nacional del Cobre de Chile
|
|
|
|
|
6.44%, 01/26/36(f)
|
|
200
|
210,485
|
|
5.53%, 01/30/37(b)
|
|
205
|
200,839
|
|
CSN Resources SA, 4.63%, 06/10/31(f)
|
|
200
|
121,750
|
|
ERO Copper Corp., 6.50%, 02/15/30(b)
|
|
616
|
609,772
|
|
First Quantum Minerals Ltd.(b)
|
|
|
|
|
8.00%, 03/01/33
|
|
265
|
273,790
|
|
7.25%, 02/15/34
|
|
253
|
256,142
|
|
6.38%, 02/15/36
|
|
1,284
|
1,228,538
|
|
Freeport Indonesia PT, 4.76%, 04/14/27(f)
|
|
200
|
199,576
|
|
Glencore Funding LLC, 6.14%, 04/01/55(b)(d)
|
|
600
|
603,498
|
|
Kaiser Aluminum Corp.(b)
|
|
|
|
|
4.50%, 06/01/31
|
|
1,209
|
1,142,187
|
|
5.88%, 03/01/34
|
|
1,483
|
1,456,110
|
|
Marcobre SAC, 5.75%, 01/22/36(b)
|
|
200
|
193,680
|
|
Navoi Mining & Metallurgical Combinat, 6.70%,
10/17/28(b)
|
|
200
|
203,440
|
|
New Gold, Inc., 6.88%, 04/01/32(b)
|
|
415
|
428,927
|
|
Nexa Resources SA, 6.75%, 04/09/34(b)
|
|
200
|
208,250
|
|
Novelis Corp.(b)
|
|
|
|
|
4.75%, 01/30/30(d)
|
|
618
|
582,465
|
|
6.88%, 01/30/30
|
|
605
|
610,246
|
|
3.88%, 08/15/31
|
|
1,169
|
1,041,169
|
|
6.38%, 08/15/33
|
|
1,681
|
1,648,881
|
|
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(f)
|
EUR
|
300
|
329,031
|
|
Rio Tinto Finance USA PLC, 4.13%, 08/21/42
|
USD
|
400
|
337,183
|
|
Samarco Mineracao SA(h)
|
|
|
|
|
(9.00% Cash or 9.00% PIK), 9.50%, 06/30/31(f)
|
|
380
|
374,393
|
|
(9.00% PIK), 9.50%, 06/30/31(b)
|
|
16
|
15,048
|
|
Stillwater Mining Co., 4.50%, 11/16/29(b)
|
|
200
|
188,278
|
|
Vale Overseas Ltd.
|
|
|
|
|
6.40%, 06/28/54
|
|
73
|
73,451
|
|
(5-year CMT + 2.43%), 6.00%, 02/25/56(a)(b)
|
|
200
|
197,380
|
|
Vallourec SACA, 7.50%, 04/15/32(b)
|
|
555
|
581,647
|
|
Vedanta Resources Finance II PLC, 10.88%,
09/17/29(b)
|
|
200
|
209,400
|
|
Volcan Cia Minera SAA, 8.50%, 10/28/32(b)
|
|
203
|
206,532
|
|
|
|
|
21,463,408
|
|
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.2%
|
|||
|
Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27
|
|
388
|
381,352
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
7.25%, 04/01/29
|
|
226
|
232,696
|
|
6.00%, 04/15/30
|
|
115
|
114,777
|
|
6.50%, 07/01/30
|
|
292
|
298,211
|
|
6.50%, 10/15/30
|
|
323
|
327,591
|
|
|
|
|
1,354,627
|
|
Multi-Utilities — 0.0%
|
|||
|
AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%,
06/01/30(b)
|
|
169
|
179,041
|
|
Oil, Gas & Consumable Fuels — 8.6%
|
|||
|
Aethon United BR LP/Aethon United Finance Corp.,
7.50%, 10/01/29(b)
|
|
504
|
525,654
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Antero Midstream Partners LP/Antero Midstream
Finance Corp.(b)
|
|
|
|
|
5.38%, 06/15/29
|
USD
|
263
|
$ 262,157
|
|
6.63%, 02/01/32
|
|
383
|
391,441
|
|
Apache Corp., 5.25%, 02/01/42(d)
|
|
800
|
687,013
|
|
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
|
|
|
|
|
9.00%, 11/01/27
|
|
214
|
249,843
|
|
6.63%, 07/15/33(d)
|
|
232
|
235,984
|
|
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
|
|
|
|
|
7.00%, 07/15/29
|
|
296
|
305,789
|
|
7.25%, 07/15/32
|
|
238
|
247,230
|
|
Breakwater Energy Holdings SARL, 9.25%, 11/15/30(b)
|
|
500
|
525,092
|
|
Buckeye Partners LP
|
|
|
|
|
6.88%, 07/01/29(b)
|
|
27
|
27,789
|
|
6.75%, 02/01/30(b)
|
|
118
|
121,777
|
|
5.85%, 11/15/43
|
|
182
|
164,729
|
|
5.60%, 10/15/44
|
|
117
|
102,582
|
|
California Resources Corp., 7.00%, 01/15/34(b)
|
|
215
|
216,755
|
|
Caturus Energy LLC, 8.50%, 02/15/30(b)
|
|
1,225
|
1,271,078
|
|
CD&R Firefly Bidco PLC, 8.63%, 04/30/29(f)
|
GBP
|
100
|
134,560
|
|
Cheniere Energy Partners LP, 5.55%, 10/30/35(d)
|
USD
|
2,000
|
2,036,697
|
|
Chord Energy Corp., 6.75%, 03/15/33(b)
|
|
149
|
153,834
|
|
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
|
|
1,110
|
1,146,279
|
|
CNX Midstream Partners LP, 4.75%, 04/15/30(b)
|
|
124
|
117,892
|
|
CNX Resources Corp.(b)
|
|
|
|
|
7.25%, 03/01/32
|
|
154
|
158,690
|
|
5.88%, 03/01/34
|
|
488
|
475,252
|
|
Comstock Resources, Inc.(b)
|
|
|
|
|
6.75%, 03/01/29(d)
|
|
436
|
430,346
|
|
6.75%, 03/01/29
|
|
180
|
177,867
|
|
5.88%, 01/15/30
|
|
707
|
684,071
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)
|
|
1,938
|
1,890,020
|
|
Crescent Energy Finance LLC(b)
|
|
|
|
|
7.75%, 07/31/29
|
|
140
|
141,050
|
|
9.75%, 10/15/30
|
|
148
|
158,360
|
|
7.63%, 04/01/32(d)
|
|
313
|
317,641
|
|
7.38%, 01/15/33
|
|
766
|
765,808
|
|
8.38%, 01/15/34
|
|
175
|
182,945
|
|
CVR Energy, Inc.(b)
|
|
|
|
|
7.50%, 02/15/31
|
|
206
|
207,538
|
|
7.88%, 02/15/34
|
|
138
|
138,484
|
|
DBR Land Holdings LLC, 6.25%, 12/01/30(b)
|
|
283
|
286,535
|
|
Delek Logistics Partners LP/Delek Logistics Finance
Corp., 7.38%, 06/30/33(b)
|
|
397
|
400,282
|
|
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
|
|
149
|
157,410
|
|
Ecopetrol SA, 8.88%, 01/13/33
|
|
359
|
378,925
|
|
Empresa Nacional del Petroleo, 5.95%, 07/30/34(b)
|
|
200
|
201,730
|
|
Enbridge, Inc.(a)(d)
|
|
|
|
|
(3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78
|
|
1,865
|
1,865,730
|
|
Series 2020-A, (5-year CMT + 5.31%), 5.75%,
07/15/80
|
|
3,000
|
2,994,079
|
|
Energean PLC, 5.63%, 05/12/31(b)
|
EUR
|
203
|
228,283
|
|
Energy Transfer LP
|
|
|
|
|
6.13%, 12/15/45(d)
|
USD
|
500
|
488,527
|
|
5.30%, 04/15/47
|
|
350
|
308,833
|
|
(5-year CMT + 4.02%), 8.00%, 05/15/54(a)
|
|
695
|
727,939
|
|
Series H, (5-year CMT + 5.69%), 6.50%(a)(d)(i)
|
|
4,521
|
4,511,928
|
|
EQT Corp., 4.50%, 01/15/29
|
|
13
|
12,970
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
|
8.00%, 05/15/33
|
USD
|
87
|
$ 89,896
|
|
6.75%, 03/15/34
|
|
892
|
887,786
|
|
Global Partners LP/GLP Finance Corp., 7.13%,
07/01/33(b)
|
|
170
|
171,388
|
|
Gran Tierra Energy, Inc., 9.50%, 10/15/29(b)
|
|
200
|
170,000
|
|
Gulfport Energy Operating Corp., 6.75%, 09/01/29(b)
|
|
242
|
247,498
|
|
Harvest Midstream I LP, 7.50%, 05/15/32(b)(d)
|
|
147
|
149,833
|
|
Hess Corp., 4.30%, 04/01/27
|
|
750
|
750,435
|
|
Hess Midstream Operations LP(b)
|
|
|
|
|
6.50%, 06/01/29
|
|
365
|
372,857
|
|
4.25%, 02/15/30
|
|
151
|
145,102
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
|
|
|
|
|
6.25%, 11/01/28
|
|
188
|
188,377
|
|
5.75%, 02/01/29
|
|
206
|
203,118
|
|
6.00%, 04/15/30
|
|
28
|
27,254
|
|
6.25%, 04/15/32
|
|
21
|
20,324
|
|
8.38%, 11/01/33
|
|
603
|
629,129
|
|
6.88%, 05/15/34
|
|
574
|
560,792
|
|
7.25%, 02/15/35
|
|
107
|
106,670
|
|
Howard Midstream Energy Partners LLC(b)
|
|
|
|
|
7.38%, 07/15/32
|
|
152
|
157,175
|
|
6.63%, 01/15/34(d)
|
|
578
|
580,198
|
|
Impulsora Pipeline LLC, 6.05%, 01/01/43(a)
|
|
1,379
|
1,206,190
|
|
Infinity Natural Resources LLC, 7.63%, 04/01/31(b)
|
|
346
|
347,827
|
|
ITT Holdings LLC, 6.50%, 08/01/29(b)(d)
|
|
1,461
|
1,420,586
|
|
Kinetik Holdings LP, 6.63%, 12/15/28(b)
|
|
76
|
77,286
|
|
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas
Finance Corp., 6.88%, 12/01/32(b)
|
|
190
|
195,538
|
|
Matador Resources Co.(b)
|
|
|
|
|
6.50%, 04/15/32
|
|
399
|
403,345
|
|
6.00%, 04/15/34
|
|
427
|
424,300
|
|
MC Brazil Downstream Trading SARL, 7.25%,
06/30/31(f)
|
|
181
|
161,987
|
|
Medco Maple Tree Pte. Ltd., 8.96%, 04/27/29(b)
|
|
250
|
256,413
|
|
Murphy Oil Corp., 5.88%, 12/01/42
|
|
35
|
29,700
|
|
Nabors Industries, Inc., 7.63%, 11/15/32(b)
|
|
273
|
279,456
|
|
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)
|
|
|
|
|
8.13%, 02/15/29
|
|
759
|
781,882
|
|
8.38%, 02/15/32
|
|
1,187
|
1,223,256
|
|
Noble Finance II LLC, 8.00%, 04/15/30(b)
|
|
119
|
122,521
|
|
Northern Oil & Gas, Inc., 7.88%, 10/15/33(b)
|
|
528
|
546,297
|
|
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
|
|
227
|
227,670
|
|
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
|
|
198
|
203,329
|
|
Permian Resources Operating LLC(b)
|
|
|
|
|
8.00%, 04/15/27
|
|
230
|
230,196
|
|
5.88%, 07/01/29
|
|
528
|
528,602
|
|
7.00%, 01/15/32(d)
|
|
288
|
298,223
|
|
6.25%, 02/01/33
|
|
731
|
744,623
|
|
Petrobras Global Finance BV, 6.75%, 01/27/41
|
|
187
|
182,101
|
|
Petroleos Mexicanos
|
|
|
|
|
8.75%, 06/02/29
|
|
408
|
428,512
|
|
5.95%, 01/28/31
|
|
392
|
374,928
|
|
Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, 6.24%,
07/03/36(b)
|
|
205
|
212,431
|
|
Prairie Acquiror LP, 9.00%, 08/01/29(b)
|
|
253
|
261,345
|
|
PRIO Luxembourg Holding SARL, 6.75%, 10/15/30(b)
|
|
200
|
194,550
|
|
Raizen Fuels Finance SA, 6.45%, 03/05/34(b)
|
|
200
|
110,000
|
|
Rockies Express Pipeline LLC, 4.95%, 07/15/29(b)
|
|
66
|
64,354
|
|
Shell Finance U.S., Inc., 4.00%, 05/10/46(d)
|
|
450
|
357,041
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
SM Energy Co.(b)
|
|
|
|
|
8.75%, 07/01/31
|
USD
|
252
|
$ 263,414
|
|
6.63%, 04/15/34
|
|
994
|
991,192
|
|
Sunoco LP(b)
|
|
|
|
|
5.63%, 03/15/31
|
|
169
|
168,225
|
|
6.63%, 08/15/32
|
|
253
|
256,964
|
|
6.25%, 07/01/33
|
|
346
|
347,508
|
|
5.88%, 03/15/34
|
|
171
|
169,111
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
|
|
|
|
|
5.50%, 01/15/28
|
|
178
|
176,494
|
|
7.38%, 02/15/29
|
|
973
|
1,000,961
|
|
6.00%, 09/01/31
|
|
128
|
126,313
|
|
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)
|
|
290
|
283,548
|
|
TPAO Varlik Kiralama ASA, 6.30%, 03/04/31(f)
|
|
200
|
191,310
|
|
TransMontaigne Partners LLC, 8.50%, 06/15/30(b)
|
|
76
|
76,832
|
|
Transocean International Ltd.(b)
|
|
|
|
|
8.25%, 05/15/29
|
|
48
|
49,596
|
|
8.75%, 02/15/30
|
|
140
|
145,627
|
|
8.50%, 05/15/31
|
|
845
|
886,234
|
|
7.88%, 10/15/32
|
|
273
|
291,701
|
|
Trident Energy Finance PLC, 12.50%, 11/30/29(f)
|
|
200
|
212,568
|
|
Valaris Ltd., 8.38%, 04/30/30(b)
|
|
232
|
240,396
|
|
Venture Global LNG, Inc.(b)
|
|
|
|
|
9.50%, 02/01/29
|
|
1,860
|
2,011,208
|
|
8.38%, 06/01/31(d)
|
|
2,099
|
2,182,908
|
|
9.88%, 02/01/32(d)
|
|
3,341
|
3,588,194
|
|
Venture Global Plaquemines LNG LLC(b)
|
|
|
|
|
6.13%, 12/15/30
|
|
1,002
|
1,030,483
|
|
7.50%, 05/01/33
|
|
505
|
555,098
|
|
6.50%, 01/15/34
|
|
1,172
|
1,221,745
|
|
7.75%, 05/01/35
|
|
1,728
|
1,936,704
|
|
6.75%, 01/15/36
|
|
1,661
|
1,759,251
|
|
Vista Energy Argentina SAU, 8.50%, 06/10/33(b)
|
|
77
|
80,531
|
|
Vital Energy, Inc., 7.88%, 04/15/32(b)(d)
|
|
487
|
497,547
|
|
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
|
|
468
|
474,209
|
|
|
|
|
65,783,611
|
|
Passenger Airlines — 0.2%
|
|||
|
ABRA Global Finance, (6.00% Cash + 8.00% PIK),
14.00%, 10/22/29(b)(h)
|
|
167
|
158,109
|
|
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
5.75%, 04/20/29(b)
|
|
67
|
66,634
|
|
Avianca Midco 2 PLC
|
|
|
|
|
9.00%, 12/01/28(f)
|
|
62
|
59,801
|
|
9.50%, 01/28/31(b)
|
|
200
|
183,810
|
|
JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%,
09/20/31(b)
|
|
460
|
434,727
|
|
OneSky Flight LLC, 8.88%, 12/15/29(b)
|
|
318
|
328,244
|
|
United Airlines Holdings, Inc., 5.38%, 03/01/31
|
|
492
|
481,824
|
|
|
|
|
1,713,149
|
|
Personal Care Products — 0.1%
|
|||
|
Opal Bidco SAS
|
|
|
|
|
5.50%, 03/31/32(f)
|
EUR
|
100
|
112,815
|
|
6.50%, 03/31/32(b)
|
USD
|
431
|
431,415
|
|
Perrigo Finance Unlimited Co., 6.13%, 09/30/32
|
|
232
|
211,684
|
|
|
|
|
755,914
|
|
Pharmaceuticals — 2.1%
|
|||
|
1261229 B.C. Ltd., 10.00%, 04/15/32(b)
|
|
8,335
|
8,533,740
|
|
AbbVie, Inc., 5.35%, 03/15/44(d)
|
|
1,500
|
1,460,012
|
|
Amneal Pharmaceuticals LLC, 6.88%, 08/01/32(b)
|
|
239
|
246,038
|
|
Bausch Health Cos., Inc.(b)
|
|
|
|
|
4.88%, 06/01/28
|
|
214
|
195,962
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pharmaceuticals (continued)
|
|||
|
Bausch Health Cos., Inc.(b) (continued)
|
|
|
|
|
11.00%, 09/30/28
|
USD
|
1,540
|
$ 1,570,859
|
|
Becton Dickinson & Co., 4.69%, 12/15/44(d)
|
|
600
|
524,899
|
|
CVS Health Corp., 6.00%, 06/01/44(d)
|
|
1,110
|
1,092,817
|
|
Dolcetto Holdco SpA, 5.63%, 07/14/32(f)
|
EUR
|
100
|
114,810
|
|
Grifols SA(f)
|
|
|
|
|
2.25%, 11/15/27
|
|
214
|
244,248
|
|
7.13%, 05/01/30
|
|
100
|
119,479
|
|
Gruenenthal GmbH, 4.63%, 11/15/31(f)
|
|
100
|
113,270
|
|
Nidda Healthcare Holding GmbH(f)
|
|
|
|
|
7.00%, 02/21/30
|
|
100
|
117,542
|
|
(3-mo. EURIBOR + 3.25%), 5.23%, 10/15/32(a)
|
|
100
|
114,665
|
|
Organon & Co./Organon Foreign Debt Co-Issuer BV,
4.13%, 04/30/28(b)
|
USD
|
600
|
582,212
|
|
Rossini SARL, (3-mo. EURIBOR + 3.88%), 6.00%,
12/31/29(a)(f)
|
EUR
|
43
|
49,170
|
|
Teva Pharmaceutical Finance Netherlands III BV
|
|
|
|
|
3.15%, 10/01/26
|
USD
|
521
|
515,962
|
|
6.75%, 03/01/28
|
|
400
|
408,880
|
|
Viatris, Inc., 2.30%, 06/22/27
|
|
392
|
380,104
|
|
|
|
|
16,384,669
|
|
Real Estate Management & Development — 0.6%
|
|||
|
Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%,
12/31/28(h)
|
EUR
|
142
|
181,564
|
|
Alexandrite Lake Lux Holdings SARL, 6.75%,
07/30/30(f)
|
|
100
|
112,984
|
|
Alpha Star Holding IX Ltd., 7.00%, 08/26/28(f)
|
USD
|
200
|
189,920
|
|
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
|
|
|
|
|
7.00%, 04/15/30(b)
|
|
24
|
24,355
|
|
Series AI, 7.00%, 04/15/30
|
|
348
|
348,484
|
|
Anywhere Real Estate Group LLC/Realogy Co-Issuer
Corp., 9.75%, 04/15/30(b)
|
|
535
|
567,937
|
|
CoreLogic, Inc., 4.50%, 05/01/28(b)
|
|
1,759
|
1,651,312
|
|
Cushman & Wakefield U.S. Borrower LLC, 8.88%,
09/01/31(b)
|
|
125
|
132,409
|
|
Fantasia Holdings Group Co. Ltd.(f)(k)
|
|
|
|
|
11.75%, 04/17/22
|
|
430
|
4,730
|
|
12.25%, 10/18/22
|
|
200
|
2,200
|
|
11.88%, 06/01/23
|
|
200
|
2,250
|
|
9.25%, 07/28/23
|
|
400
|
4,500
|
|
Five Point Operating Co. LP, 8.00%, 10/01/30(b)
|
|
345
|
344,188
|
|
Howard Hughes Corp.(b)
|
|
|
|
|
5.88%, 03/01/32
|
|
231
|
222,288
|
|
6.13%, 03/01/34
|
|
231
|
221,836
|
|
New Immo Holding SA(f)
|
|
|
|
|
3.25%, 07/23/27
|
EUR
|
100
|
113,305
|
|
4.95%, 11/14/30
|
|
100
|
111,118
|
|
Sobha Sukuk I Holding Ltd., 7.13%, 09/11/30(f)
|
USD
|
200
|
172,000
|
|
Vivion Investments SARL(f)
|
|
|
|
|
5.63%, 06/08/30
|
EUR
|
100
|
108,029
|
|
(6.50% Cash and 1.75% PIK), 8.25%, 08/31/28(h)
|
|
14
|
16,267
|
|
(6.50% PIK), 6.50%, 02/28/29(h)
|
|
101
|
116,430
|
|
|
|
|
4,648,106
|
|
Retail REITs — 0.1%
|
|||
|
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)
|
USD
|
434
|
425,699
|
|
Semiconductors & Semiconductor Equipment — 0.5%
|
|||
|
Amkor Technology, Inc., 5.88%, 10/01/33(b)
|
|
104
|
103,575
|
|
Broadcom, Inc.(d)
|
|
|
|
|
4.15%, 04/15/32(b)
|
|
1,000
|
967,502
|
|
3.50%, 02/15/41
|
|
800
|
638,248
|
|
Security
|
|
Par
(000)
|
Value
|
|
Semiconductors & Semiconductor Equipment (continued)
|
|||
|
Micron Technology, Inc., 6.05%, 11/01/35(d)
|
USD
|
1,000
|
$ 1,079,042
|
|
QUALCOMM, Inc.(d)
|
|
|
|
|
5.40%, 05/20/33
|
|
400
|
416,251
|
|
4.30%, 05/20/47
|
|
700
|
568,219
|
|
|
|
|
3,772,837
|
|
Software — 2.9%
|
|||
|
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)(d)
|
|
3,257
|
3,057,097
|
|
Capstone Borrower, Inc., 8.00%, 06/15/30(b)
|
|
505
|
482,517
|
|
Central Parent LLC/CDK Global II LLC/CDK Financing
Co., Inc., 8.00%, 06/15/29(b)
|
|
91
|
67,630
|
|
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)
|
|
280
|
201,520
|
|
Cloud Software Group, Inc.(b)(d)
|
|
|
|
|
6.50%, 03/31/29
|
|
1,943
|
1,895,533
|
|
9.00%, 09/30/29
|
|
3,556
|
3,430,379
|
|
8.25%, 06/30/32
|
|
12
|
11,381
|
|
Ellucian Holdings, Inc., 6.50%, 12/01/29(b)
|
|
794
|
775,551
|
|
IPD 3 BV, 5.50%, 06/15/31(f)
|
EUR
|
100
|
108,551
|
|
Microsoft Corp., 2.92%, 03/17/52(d)
|
USD
|
3,550
|
2,283,106
|
|
OAK-Eagle Acquireco, Inc.(c)
|
|
|
|
|
07/01/33(f)
|
EUR
|
100
|
118,059
|
|
07/01/33(b)
|
USD
|
1,930
|
1,999,662
|
|
07/01/34(b)
|
|
1,894
|
1,982,813
|
|
Oracle Corp.
|
|
|
|
|
5.70%, 02/04/36(d)
|
|
945
|
908,606
|
|
3.95%, 03/25/51
|
|
250
|
158,414
|
|
6.70%, 02/04/56(d)
|
|
3,050
|
2,830,716
|
|
6.13%, 08/03/65(d)
|
|
600
|
499,119
|
|
Playtika Holding Corp., 4.25%, 03/15/29(b)
|
|
67
|
52,280
|
|
SS&C Technologies, Inc., 6.50%, 06/01/32(b)
|
|
425
|
425,015
|
|
TeamSystem SpA, (3-mo. EURIBOR + 3.50%), 5.52%,
07/31/31(a)(f)
|
EUR
|
100
|
110,835
|
|
UKG, Inc., 6.88%, 02/01/31(b)(d)
|
USD
|
1,094
|
1,069,183
|
|
|
|
|
22,467,967
|
|
Specialty Retail — 0.3%
|
|||
|
Advance Auto Parts, Inc., 7.00%, 08/01/30(b)
|
|
229
|
231,988
|
|
Afflelou SAS, 6.00%, 07/25/29(f)
|
EUR
|
100
|
117,511
|
|
Bubbles Bidco SpA, (3-mo. EURIBOR + 4.25%), 6.38%,
09/30/31(a)(f)
|
|
100
|
115,628
|
|
Duomo Bidco SpA, (3-mo. EURIBOR + 3.25%), 5.31%,
01/15/32(a)(f)
|
|
100
|
113,686
|
|
Ferrellgas LP/Ferrellgas Finance Corp., 9.25%,
01/15/31(b)
|
USD
|
265
|
276,114
|
|
Goldstory SAS, 6.75%, 02/01/30(f)
|
EUR
|
100
|
112,998
|
|
Michaels Cos., Inc., 8.50%, 03/15/33(b)
|
USD
|
795
|
773,928
|
|
Staples, Inc., 10.75%, 09/01/29(b)
|
|
243
|
224,731
|
|
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 5.00%, 06/01/31(b)
|
|
117
|
110,083
|
|
|
|
|
2,076,667
|
|
Technology Hardware, Storage & Peripherals — 0.4%
|
|||
|
Apple, Inc., 2.65%, 02/08/51(d)
|
|
2,500
|
1,512,998
|
|
Seagate Data Storage Technology Pte. Ltd.(b)
|
|
|
|
|
8.25%, 12/15/29
|
|
341
|
358,114
|
|
5.88%, 07/15/30
|
|
339
|
344,573
|
|
8.50%, 07/15/31
|
|
615
|
644,795
|
|
5.75%, 12/01/34
|
|
129
|
128,516
|
|
|
|
|
2,988,996
|
|
Security
|
|
Par
(000)
|
Value
|
|
Textiles, Apparel & Luxury Goods — 0.5%
|
|||
|
Beach Acquisition Bidco LLC(b)
|
|
|
|
|
5.25%, 07/15/32
|
EUR
|
613
|
$ 679,551
|
|
(10.00% Cash or 10.75% PIK), 10.00%, 07/15/33(h)
|
USD
|
2,473
|
2,633,573
|
|
Levi Strauss & Co.
|
|
|
|
|
4.00%, 08/15/30
|
EUR
|
165
|
189,445
|
|
3.50%, 03/01/31(b)
|
USD
|
21
|
19,228
|
|
PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%),
5.77%, 07/01/29(a)(f)
|
EUR
|
100
|
115,440
|
|
|
|
|
3,637,237
|
|
Tobacco(d) — 0.3%
|
|||
|
Altria Group, Inc., 3.40%, 02/04/41
|
USD
|
750
|
566,114
|
|
BAT Capital Corp.
|
|
|
|
|
7.08%, 08/02/43
|
|
500
|
549,589
|
|
4.54%, 08/15/47
|
|
715
|
580,532
|
|
Philip Morris International, Inc., 3.88%, 08/21/42
|
|
900
|
722,243
|
|
|
|
|
2,418,478
|
|
Transportation Infrastructure — 0.2%
|
|||
|
Edge Finco PLC, 8.13%, 08/15/31(f)
|
GBP
|
100
|
136,535
|
|
FedEx Corp.(d)
|
|
|
|
|
3.90%, 02/01/35
|
USD
|
500
|
457,346
|
|
4.40%, 01/15/47
|
|
500
|
389,118
|
|
RXO, Inc., 6.38%, 05/15/31(b)
|
|
199
|
190,942
|
|
|
|
|
1,173,941
|
|
Wireless Telecommunication Services — 1.5%
|
|||
|
Altice France SA(b)
|
|
|
|
|
6.88%, 10/15/30
|
|
372
|
355,729
|
|
6.50%, 10/15/31
|
|
660
|
626,298
|
|
6.50%, 04/15/32
|
|
2,126
|
2,014,261
|
|
6.88%, 07/15/32
|
|
748
|
708,761
|
|
Digicel International Finance Ltd./Difl U.S. LLC, 8.63%,
08/01/32(b)(d)
|
|
2,867
|
2,909,425
|
|
Iliad Holding SAS
|
|
|
|
|
5.38%, 04/15/30(f)
|
EUR
|
100
|
116,940
|
|
8.50%, 04/15/31(b)
|
USD
|
850
|
889,366
|
|
7.00%, 04/15/32(b)
|
|
944
|
945,131
|
|
Telecom Argentina SA, 9.25%, 05/28/33(b)
|
|
174
|
180,404
|
|
Turkcell Iletisim Hizmetleri A/S, 7.65%, 01/24/32(b)
|
|
200
|
203,252
|
|
Veon Midco BV, 3.38%, 11/25/27(b)
|
|
200
|
189,330
|
|
VF Ukraine PAT via VFU Funding PLC, 9.63%,
02/11/27(f)
|
|
154
|
151,489
|
|
Vmed O2 U.K. Financing I PLC
|
|
|
|
|
4.00%, 01/31/29(f)
|
GBP
|
200
|
247,652
|
|
4.25%, 01/31/31(b)
|
USD
|
800
|
687,071
|
|
4.75%, 07/15/31(b)
|
|
602
|
517,941
|
|
6.75%, 01/15/33(b)
|
|
397
|
354,698
|
|
WOM Mobile SA, (5.50% Cash and 6.25% PIK),
11.00%, 04/01/31(b)(h)
|
|
11
|
11,015
|
|
Zegona Finance PLC, 6.75%, 07/15/29(f)
|
EUR
|
90
|
107,961
|
|
|
|
|
11,216,724
|
|
Total Corporate Bonds — 88.9%
(Cost: $684,779,758)
|
679,637,706
|
||
|
Fixed Rate Loan Interests
|
|||
|
IT Services — 0.2%
|
|||
|
Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%,
12/09/31
|
USD
|
1,927
|
1,813,903
|
|
Security
|
|
Par
(000)
|
Value
|
|
Software — 0.3%
|
|||
|
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
|
USD
|
2,072
|
$ 1,927,201
|
|
Total Fixed Rate Loan Interests — 0.5%
(Cost: $3,999,381)
|
3,741,104
|
||
|
Floating Rate Loan Interests(a)
|
|||
|
Advertising Agencies — 0.0%
|
|||
|
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
|
|
112
|
94,780
|
|
Aerospace & Defense — 0.1%
|
|||
|
Air Comm Corp. LLC, 2025 Delayed Draw Term Loan,
12/11/31(n)
|
|
9
|
9,287
|
|
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
|
|
—
(o)
|
123
|
|
Cubic Corp.
|
|
|
|
|
2025 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.25%), 8.18%, 05/25/29
|
|
170
|
33,754
|
|
2025 Second Out Term Loan C, (3-mo. CME Term
SOFR at 0.75% Floor + 1.26%), 4.93%, 05/25/29
|
|
30
|
5,871
|
|
Kaman Corp.
|
|
|
|
|
2025 Delayed Draw Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.19%, 02/26/32
|
|
5
|
4,331
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.17%, 02/26/32
|
|
234
|
233,919
|
|
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
|
|
99
|
99,122
|
|
Signia Aerospace LLC, 2025 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 6.42%,
12/11/31
|
|
190
|
190,532
|
|
|
|
|
576,939
|
|
Automobile Components — 0.2%
|
|||
|
Champions Financing, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 8.42%,
02/23/29
|
|
451
|
390,227
|
|
Clarios Global LP, 2025 USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%,
01/28/32
|
|
470
|
467,722
|
|
Tenneco, Inc.
|
|
|
|
|
2022 Term Loan A, (3-mo. CME Term SOFR at 0.50%
Floor + 4.85%), 8.51%, 11/17/28
|
|
39
|
37,983
|
|
2022 Term Loan B, (3-mo. CME Term SOFR +
5.10%), 8.76%, 11/17/28
|
|
314
|
305,639
|
|
|
|
|
1,201,571
|
|
Automobiles — 0.0%
|
|||
|
MajorDrive Holdings IV LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.00%), 7.96%,
06/01/28
|
|
82
|
73,833
|
|
Broadline Retail — 0.1%
|
|||
|
Boots Group Finco LP, USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%,
08/30/32
|
|
1,091
|
1,093,993
|
|
Security
|
|
Par
(000)
|
Value
|
|
Building Products — 0.1%
|
|||
|
Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%,
09/08/32
|
USD
|
59
|
$ 58,477
|
|
CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 5.25%), 8.92%, 07/08/30
|
|
131
|
119,483
|
|
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
|
|
648
|
622,153
|
|
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31
|
|
273
|
236,991
|
|
|
|
|
1,037,104
|
|
Capital Markets — 0.1%
|
|||
|
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
|
|
291
|
284,355
|
|
Jupiter Borrower, Inc., Term Loan B, 03/25/33(e)(n)
|
|
186
|
185,535
|
|
OVG Business Services LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.00%), 6.67%, 06/25/31
|
|
16
|
15,745
|
|
|
|
|
485,635
|
|
Chemicals — 0.2%
|
|||
|
Advancion Holdings LLC
|
|
|
|
|
2020 2nd Lien Term Loan, (3-mo. CME Term SOFR +
7.85%), 11.52%, 11/24/28
|
|
118
|
105,578
|
|
2020 USD Term Loan, (3-mo. CME Term SOFR +
4.10%), 7.77%, 11/24/27
|
|
90
|
85,812
|
|
Discovery Purchaser Corp., Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 7.42%,
10/04/29
|
|
680
|
668,334
|
|
Lonza Group AG, USD Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28
|
|
508
|
441,870
|
|
Olympus Water U.S. Holding Corp., 2025 USD Term
Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
3.25%), 6.95%, 11/03/32
|
|
351
|
337,570
|
|
Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME
Term SOFR at 0.00% Floor + 4.85%), 8.50%,
04/08/31
|
|
65
|
44,401
|
|
WR Grace Holdings LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.70%,
08/19/32
|
|
193
|
192,146
|
|
|
|
|
1,875,711
|
|
Commercial Services & Supplies — 0.1%
|
|||
|
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
|
|
659
|
658,634
|
|
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
|
|
89
|
88,686
|
|
|
|
|
747,320
|
|
Construction & Engineering — 0.2%
|
|||
|
Azuria Water Solutions, Inc.
|
|
|
|
|
2026 Delayed Draw Term Loan, 01/27/33(n)
|
|
37
|
36,779
|
|
2026 Term Loan B, (Prime + 1.75%), 8.50%,
01/27/33
|
|
279
|
275,842
|
|
Brand Industrial Services, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
8.16%, 08/01/30
|
|
1,219
|
1,042,881
|
|
|
|
|
1,355,502
|
|
Security
|
|
Par
(000)
|
Value
|
|
Construction Materials — 0.0%
|
|||
|
White Cap Buyer LLC, 2026 Incremental Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.17%, 02/10/33
|
USD
|
266
|
$ 252,479
|
|
Consumer Discretionary — 0.0%
|
|||
|
Jupiter Buyer, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.70%,
11/01/31
|
|
91
|
91,038
|
|
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
|
|
622
|
611,507
|
|
Containers & Packaging — 0.1%
|
|||
|
LABL, Inc., 2021 USD 1st Lien Term Loan, 0.00%,
10/30/28(k)
|
|
466
|
211,494
|
|
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
|
|
833
|
803,545
|
|
|
|
|
1,015,039
|
|
Diversified Consumer Services — 0.1%
|
|||
|
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
|
|
376
|
372,939
|
|
Diversified Telecommunication Services — 0.6%
|
|||
|
Coral-U.S. Co-Borrower LLC, 2025 Term Loan B7, (3-
mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 01/31/32
|
|
441
|
432,151
|
|
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
|
|
1,480
|
1,478,461
|
|
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)
|
|
2,386
|
2,339,477
|
|
|
|
|
4,250,089
|
|
Financial Services — 0.1%
|
|||
|
Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
07/30/31
|
|
60
|
60,408
|
|
LBM Acquisition LLC, 2024 Incremental Term Loan B,
(1-mo. CME Term SOFR at 0.75% Floor + 3.75%),
7.50%, 06/06/31
|
|
469
|
373,971
|
|
Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.17%, 10/16/31(e)
|
|
181
|
180,270
|
|
|
|
|
614,649
|
|
Ground Transportation — 0.0%
|
|||
|
Hertz Corp.
|
|
|
|
|
2021 Term Loan B, (1-mo. CME Term SOFR +
3.61%), 7.28%, 06/30/28
|
|
163
|
119,904
|
|
2021 Term Loan C, (1-mo. CME Term SOFR +
3.61%), 7.28%, 06/30/28
|
|
32
|
23,789
|
|
|
|
|
143,693
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Equipment & Supplies — 0.3%
|
|||
|
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.75%), 6.42%,
02/15/29
|
USD
|
360
|
$ 352,860
|
|
Bausch & Lomb Corporation, 2025 Repriced Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.42%, 01/15/31
|
|
867
|
868,554
|
|
Hologic Inc., 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 01/14/33
|
|
1,016
|
1,003,300
|
|
|
|
|
2,224,714
|
|
Health Care Providers & Services — 0.2%
|
|||
|
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
|
|
339
|
338,886
|
|
2024 Incremental Term Loan B1, (3-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.15%, 05/19/31
|
|
200
|
199,720
|
|
Quorum Health Corp., 2020 Term Loan, (3-mo. CME
Term SOFR at 1.00% Floor + 6.60% and 4.75% PIK),
15.00%, 01/28/28(e)(h)
|
|
349
|
232,574
|
|
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 4.00%), 7.70%, 09/27/30
|
|
548
|
541,043
|
|
|
|
|
1,312,223
|
|
Hotels, Restaurants & Leisure — 0.0%
|
|||
|
Great Canadian Gaming Corp., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 4.75%),
8.44%, 11/01/29
|
|
172
|
168,652
|
|
Household Durables — 0.0%
|
|||
|
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
|
|
34
|
34,132
|
|
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
|
|
52
|
51,197
|
|
|
|
|
85,329
|
|
Industrial Conglomerates — 0.1%
|
|||
|
Heritage Environmental Services, Inc., 2026 Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.68%, 04/01/33(e)
|
|
125
|
125,000
|
|
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
|
|
359
|
358,582
|
|
Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.10%,
02/28/33
|
|
434
|
431,422
|
|
|
|
|
915,004
|
|
Insurance — 0.2%
|
|||
|
Asurion LLC, 2025 Term Loan B13, (1-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30
|
|
481
|
475,178
|
|
Hyperion Insurance Group Ltd., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.42%, 04/18/30
|
|
42
|
40,602
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
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
|
USD
|
319
|
$ 308,992
|
|
Truist Insurance Holdings LLC, 2nd Lien Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 4.75%),
8.45%, 05/06/32
|
|
385
|
380,673
|
|
|
|
|
1,205,445
|
|
Interactive Media & Services — 0.0%
|
|||
|
Camelot U.S. Acquisition LLC, 2025 Incremental Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
3.25%), 6.92%, 01/31/31
|
|
331
|
286,936
|
|
IT Services — 0.1%
|
|||
|
Fortress Intermediate 3, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
06/27/31(e)
|
|
148
|
146,631
|
|
Neptune Bidco U.S., Inc., 2026 USD Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 5.10%),
8.76%, 02/03/33
|
|
267
|
254,451
|
|
|
|
|
401,082
|
|
Leisure Products — 0.0%
|
|||
|
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 7.31%,
07/22/30
|
|
290
|
289,057
|
|
Machinery — 0.1%
|
|||
|
CompoSecure Holdings LLC, Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.93%,
01/14/33
|
|
390
|
388,296
|
|
GrafTech Global Enterprises, Inc., 2024 Term Loan,
(3-mo. CME Term SOFR at 2.00% Floor + 6.00%),
9.67%, 12/21/29
|
|
123
|
116,313
|
|
LSF12 Helix Parent LLC, USD Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
02/10/33
|
|
363
|
357,347
|
|
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
|
|
24
|
23,186
|
|
Tega MC Australia Holdings Pty. Ltd., Term Loan B,
03/25/33(e)(n)
|
|
150
|
148,875
|
|
|
|
|
1,034,017
|
|
Media — 0.5%
|
|||
|
Altice France SA, 2025 USD Term Loan B14, (3-mo.
CME Term SOFR at 0.00% Floor + 6.88%), 10.55%,
05/31/31
|
|
417
|
416,988
|
|
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 08/23/28
|
|
865
|
865,421
|
|
CMG Media Corp., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 3.60%), 7.30%, 06/18/29
|
|
391
|
365,504
|
|
CSC Holdings LLC, 2019 Term Loan B5, (Prime +
1.50%), 8.25%, 04/15/27
|
|
531
|
466,993
|
|
Security
|
|
Par
(000)
|
Value
|
|
Media (continued)
|
|||
|
Directv Financing LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 5.50%), 9.17%,
02/17/31
|
USD
|
1,105
|
$ 1,104,787
|
|
Gray Media, Inc.
|
|
|
|
|
2021 Term Loan D, (1-mo. CME Term SOFR +
3.11%), 6.78%, 12/01/28
|
|
146
|
145,243
|
|
2024 Term Loan B, (1-mo. CME Term SOFR +
5.25%), 8.92%, 06/04/29
|
|
1
|
1,240
|
|
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)
|
|
738
|
654,954
|
|
|
|
|
4,021,130
|
|
Oil, Gas & Consumable Fuels — 0.0%
|
|||
|
NGL Energy Partners LP, 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.18%,
03/11/33
|
|
196
|
196,000
|
|
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
|
|
459
|
459,536
|
|
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
|
|
238
|
236,787
|
|
|
|
|
696,323
|
|
Professional Services — 0.1%
|
|||
|
Amentum Holdings, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
09/29/31
|
|
44
|
43,724
|
|
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.28%, 06/02/28
|
|
200
|
191,480
|
|
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)
|
|
326
|
280,083
|
|
|
|
|
515,287
|
|
Software — 0.1%
|
|||
|
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
|
|
619
|
551,294
|
|
Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%,
08/31/28
|
|
72
|
69,247
|
|
Sabre GLBL, Inc.
|
|
|
|
|
2024 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 6.10%), 9.77%, 11/15/29
|
|
71
|
55,802
|
|
2024 Term Loan B2, (1-mo. CME Term SOFR at
0.50% Floor + 6.10%), 9.77%, 11/15/29
|
|
35
|
27,044
|
|
2025 11th Amendment Term Loan B2, (1-mo. CME
Term SOFR at 0.50% Floor + 6.35%), 10.02%,
07/30/29
|
|
21
|
16,464
|
|
|
|
|
719,851
|
|
Security
|
|
Par
(000)
|
Value
|
|
Specialty Retail — 0.0%
|
|||
|
Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.70%,
01/20/32
|
USD
|
114
|
$ 113,154
|
|
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
|
|
385
|
384,154
|
|
Windstream Services LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
10/06/32
|
|
318
|
318,005
|
|
|
|
|
702,159
|
|
Total Floating Rate Loan Interests — 4.0%
(Cost: $31,702,668)
|
30,780,184
|
||
|
Foreign Agency Obligations
|
|||
|
Angola — 0.0%
|
|
||
|
Angola Government International Bonds, 8.75%,
04/14/32(a)(b)
|
|
200
|
194,100
|
|
Argentina — 0.0%
|
|
||
|
Argentine Republic Government International Bonds,
1.75%, 07/09/30(a)(m)
|
|
188
|
157,806
|
|
Bahrain — 0.0%
|
|
||
|
Bahrain Government International Bonds, 5.45%,
09/16/32(a)(f)
|
|
200
|
179,775
|
|
Barbados — 0.1%
|
|
||
|
Barbados Government International Bonds, 8.00%,
06/26/35(a)(b)
|
|
378
|
385,938
|
|
Benin — 0.1%
|
|
||
|
Benin Government International Bonds, 7.96%,
02/13/38(a)(b)
|
|
400
|
391,330
|
|
Brazil — 0.1%
|
|
||
|
Brazil Government International Bonds, 6.63%,
03/15/35(a)
|
|
306
|
313,038
|
|
Brazilian Government International Bonds, 6.25%,
05/22/36(a)
|
|
200
|
196,305
|
|
|
|
|
509,343
|
|
Bulgaria — 0.0%
|
|
||
|
Bulgaria Government International Bonds, Series 13Y,
5.00%, 03/05/37(a)(f)
|
|
190
|
182,987
|
|
Cameroon, United Republic Of — 0.0%
|
|
||
|
Republic of Cameroon International Bonds, Series 7Y,
8.88%, 01/30/33(a)(f)
|
|
200
|
188,600
|
|
Cayman Islands — 0.0%
|
|
||
|
Kyrgyz Republic International Bonds, 7.75%,
06/03/30(a)(b)
|
|
200
|
199,408
|
|
Chile — 0.1%
|
|
||
|
Chile Government International Bonds(a)
|
|
|
|
|
3.75%, 01/14/32
|
EUR
|
146
|
167,173
|
|
4.34%, 03/07/42(d)
|
USD
|
400
|
350,800
|
|
|
|
|
517,973
|
|
Security
|
|
Par
(000)
|
Value
|
|
Colombia — 0.1%
|
|
||
|
Colombia Government International Bonds(a)
|
|
|
|
|
6.13%, 01/21/31(d)
|
USD
|
200
|
$ 196,800
|
|
8.00%, 11/14/35
|
|
200
|
209,410
|
|
7.75%, 11/07/36
|
|
200
|
204,610
|
|
6.50%, 11/26/38
|
EUR
|
137
|
150,455
|
|
|
|
|
761,275
|
|
Costa Rica — 0.0%
|
|
||
|
Costa Rica Government International Bonds, 7.30%,
11/13/54(a)(b)
|
USD
|
200
|
217,000
|
|
Dominican Republic — 0.1%
|
|
||
|
Dominican Republic International Bonds(a)(b)
|
|
|
|
|
4.50%, 01/30/30
|
|
360
|
342,000
|
|
7.05%, 02/03/31
|
|
300
|
310,200
|
|
6.95%, 03/15/37
|
|
300
|
305,093
|
|
|
|
|
957,293
|
|
Egypt — 0.1%
|
|
||
|
Egypt Government International Bonds(a)
|
|
|
|
|
5.63%, 04/16/30(f)
|
EUR
|
247
|
266,667
|
|
9.45%, 02/04/33(b)
|
USD
|
200
|
209,262
|
|
8.50%, 01/31/47(b)
|
|
200
|
172,375
|
|
7.50%, 02/16/61(b)
|
|
200
|
152,080
|
|
|
|
|
800,384
|
|
Gabon — 0.0%
|
|
||
|
Gabon Government International Bonds, Series 4Y,
9.50%, 02/18/29(a)(f)
|
|
200
|
187,122
|
|
Guatemala — 0.1%
|
|
||
|
Guatemala Government Bonds(a)(b)
|
|
|
|
|
7.05%, 10/04/32
|
|
400
|
428,000
|
|
6.60%, 06/13/36
|
|
200
|
209,340
|
|
6.25%, 08/15/36
|
|
200
|
203,350
|
|
|
|
|
840,690
|
|
Hungary — 0.2%
|
|
||
|
Hungary Government International Bonds
|
|
|
|
|
5.25%, 06/16/29(b)
|
|
200
|
200,395
|
|
6.00%, 09/26/35(f)
|
|
200
|
202,736
|
|
5.50%, 03/26/36(b)
|
|
200
|
194,500
|
|
6.75%, 09/23/55(b)
|
|
200
|
203,316
|
|
Magyar Export-Import Bank Zrt, 6.00%, 05/16/29(f)
|
EUR
|
274
|
332,050
|
|
|
|
|
1,132,997
|
|
Indonesia — 0.0%
|
|
||
|
Indonesia Government International Bonds, 3.88%,
01/15/33
|
|
138
|
155,022
|
|
Ivory Coast — 0.1%
|
|
||
|
Ivory Coast Government International Bonds
|
|
|
|
|
6.38%, 03/03/28(f)
|
USD
|
133
|
134,200
|
|
5.88%, 10/17/31(f)
|
EUR
|
202
|
227,762
|
|
8.08%, 04/01/36(b)
|
USD
|
200
|
203,218
|
|
8.25%, 01/30/37(b)
|
|
200
|
204,721
|
|
|
|
|
769,901
|
|
Jordan — 0.1%
|
|
||
|
Jordan Government International Bonds
|
|
|
|
|
7.50%, 01/13/29(b)
|
|
200
|
205,637
|
|
5.85%, 07/07/30(f)
|
|
200
|
196,250
|
|
|
|
|
401,887
|
|
Security
|
|
Par
(000)
|
Value
|
|
Kenya — 0.0%
|
|
||
|
Republic of Kenya Government International Bonds,
9.75%, 02/16/31(b)
|
USD
|
200
|
$ 205,190
|
|
Latvia — 0.1%
|
|
||
|
Latvia Government International Bonds, 5.13%,
07/30/34(b)
|
|
400
|
400,500
|
|
Mexico — 0.2%
|
|
||
|
Eagle Funding Luxco SARL, 5.50%, 08/17/30(b)
|
|
500
|
501,250
|
|
Mexico Government International Bonds
|
|
|
|
|
5.38%, 03/22/33
|
|
400
|
390,800
|
|
5.63%, 02/09/34
|
|
210
|
206,220
|
|
5.63%, 09/22/35(d)
|
|
324
|
313,308
|
|
6.13%, 02/09/38
|
|
200
|
195,400
|
|
5.13%, 03/19/38
|
EUR
|
123
|
137,229
|
|
5.38%, 05/16/40
|
|
100
|
111,324
|
|
|
|
|
1,855,531
|
|
Montenegro — 0.0%
|
|
||
|
Montenegro Government International Bonds, 2.88%,
12/16/27(f)
|
|
142
|
159,976
|
|
Morocco — 0.1%
|
|
||
|
Morocco Government International Bonds
|
|
|
|
|
2.38%, 12/15/27(f)
|
USD
|
200
|
192,030
|
|
5.95%, 03/08/28(b)
|
|
200
|
203,340
|
|
4.75%, 04/02/35(b)
|
EUR
|
290
|
329,833
|
|
|
|
|
725,203
|
|
Nigeria — 0.1%
|
|
||
|
Nigeria Government International Bonds(b)
|
|
|
|
|
10.38%, 12/09/34
|
USD
|
200
|
228,800
|
|
9.13%, 01/13/46
|
|
400
|
417,200
|
|
|
|
|
646,000
|
|
Oman — 0.0%
|
|
||
|
Oman Government International Bonds, 6.75%,
01/17/48(f)
|
|
309
|
322,215
|
|
Panama — 0.0%
|
|
||
|
Panama Government International Bonds, 6.40%,
02/14/35
|
|
200
|
207,600
|
|
Paraguay — 0.1%
|
|
||
|
Paraguay Government International Bonds(f)
|
|
|
|
|
2.74%, 01/29/33
|
|
200
|
175,800
|
|
5.60%, 03/13/48
|
|
200
|
183,600
|
|
|
|
|
359,400
|
|
Peru — 0.1%
|
|
||
|
Corp. Financiera de Desarrollo SA, 5.50%, 05/06/30(b)
|
|
200
|
203,055
|
|
Peru Government International Bonds
|
|
|
|
|
2.78%, 01/23/31
|
|
374
|
341,453
|
|
1.86%, 12/01/32(d)
|
|
244
|
201,056
|
|
|
|
|
745,564
|
|
Poland — 0.0%
|
|
||
|
Republic of Poland Government International Bonds
|
|
|
|
|
Series 10Y, 4.88%, 10/04/33(d)
|
|
138
|
137,700
|
|
Series 30Y, 5.50%, 04/04/53
|
|
180
|
165,503
|
|
|
|
|
303,203
|
|
Republic of North Macedonia — 0.0%
|
|
||
|
North Macedonia Government International Bonds,
6.96%, 03/13/27(f)
|
EUR
|
134
|
157,141
|
|
Security
|
|
Par
(000)
|
Value
|
|
Romania — 0.2%
|
|
||
|
Romanian Government International Bonds
|
|
|
|
|
5.25%, 11/25/27(b)
|
USD
|
92
|
$ 91,929
|
|
2.12%, 07/16/31(f)
|
EUR
|
439
|
435,487
|
|
4.63%, 03/04/33(b)
|
|
248
|
267,481
|
|
6.25%, 09/10/34(b)
|
|
358
|
418,967
|
|
6.75%, 07/11/39(b)
|
|
158
|
181,963
|
|
6.50%, 10/07/45(b)
|
|
224
|
247,337
|
|
|
|
|
1,643,164
|
|
Saudi Arabia — 0.0%
|
|
||
|
Saudi Government International Bonds, 5.00%,
01/18/53(b)
|
USD
|
238
|
200,989
|
|
Serbia — 0.1%
|
|
||
|
Serbia International Bonds
|
|
|
|
|
6.50%, 09/26/33(f)
|
|
200
|
208,442
|
|
6.00%, 06/12/34(b)
|
|
200
|
200,000
|
|
|
|
|
408,442
|
|
South Africa — 0.1%
|
|
||
|
Republic of South Africa Government International
Bonds
|
|
|
|
|
7.10%, 11/19/36(b)
|
|
200
|
204,926
|
|
7.95%, 11/19/54(b)
|
|
200
|
197,650
|
|
7.25%, 12/11/55(b)
|
|
200
|
182,900
|
|
Series 30Y, 5.00%, 10/12/46
|
|
200
|
143,500
|
|
Series 30Y, 5.75%, 09/30/49
|
|
403
|
312,325
|
|
|
|
|
1,041,301
|
|
Suriname — 0.0%
|
|
||
|
Suriname Government International Bonds, 8.50%,
11/06/35(b)
|
|
200
|
206,800
|
|
Trinidad And Tobago — 0.1%
|
|
||
|
Trinidad & Tobago Government International Bonds,
6.50%, 01/28/36(b)
|
|
392
|
388,080
|
|
Turkey — 0.1%
|
|
||
|
Turkiye Government International Bonds
|
|
|
|
|
6.30%, 03/14/33
|
|
200
|
189,050
|
|
Series 7Y, 7.13%, 02/12/32
|
|
400
|
400,600
|
|
|
|
|
589,650
|
|
Ukraine — 0.0%
|
|
||
|
Ukraine Government International Bonds(f)(m)
|
|
|
|
|
6.00%, 02/01/29
|
|
55
|
38,739
|
|
3.00%, 02/01/30
|
|
6
|
3,555
|
|
3.00%, 02/01/34
|
|
15
|
6,633
|
|
6.00%, 02/01/34
|
|
34
|
18,026
|
|
3.00%, 02/01/35
|
|
13
|
5,821
|
|
3.00%, 02/01/36
|
|
13
|
5,820
|
|
|
|
|
78,594
|
|
United Arab Emirates — 0.1%
|
|
||
|
Emirate of Dubai Government International Bonds,
3.90%, 09/09/50(f)
|
|
259
|
177,855
|
|
Republic of Armenia International Bonds, 6.75%,
03/12/35(b)
|
|
200
|
202,220
|
|
|
|
|
380,075
|
|
Uruguay — 0.0%
|
|
||
|
Oriental Republic of Uruguay, 5.25%, 09/10/60
|
|
314
|
284,134
|
|
Security
|
|
Par
(000)
|
Value
|
|
Uzbekistan — 0.1%
|
|
||
|
Republic of Uzbekistan International Bonds(b)
|
|
|
|
|
5.38%, 05/29/27
|
EUR
|
206
|
$ 239,597
|
|
7.85%, 10/12/28
|
USD
|
200
|
208,626
|
|
|
|
|
448,223
|
|
Total Foreign Agency Obligations — 2.7%
(Cost: $21,460,525)
|
20,887,806
|
||
|
Municipal Bonds
|
|||
|
Arizona — 0.1%
|
|
||
|
Maricopa County Industrial Development Authority, RB,
7.38%, 10/01/29(b)
|
|
700
|
737,966
|
|
California — 0.1%
|
|
||
|
Golden State Tobacco Securitization Corp., Refunding
RB, Series A-1, 3.71%, 06/01/41
|
|
1,000
|
792,242
|
|
Illinois — 0.1%
|
|
||
|
State of Illinois, GO, 5.10%, 06/01/33
|
|
698
|
711,028
|
|
Massachusetts — 0.1%
|
|
||
|
Massachusetts Educational Financing Authority,
Refunding RB, Series A, 6.35%, 07/01/49
|
|
680
|
705,764
|
|
New York — 0.1%
|
|
||
|
New York City Municipal Water Finance Authority,
Refunding RB, BAB, 6.01%, 06/15/42
|
|
1,000
|
1,030,302
|
|
Texas — 0.1%
|
|
||
|
Port of Beaumont Navigation District, Refunding ARB,
Series B, 10.00%, 07/01/26(b)
|
|
850
|
850,723
|
|
Total Municipal Bonds — 0.6%
(Cost: $4,711,695)
|
4,828,025
|
||
|
Non-Agency Mortgage-Backed Securities
|
|||
|
Collateralized Mortgage Obligations — 12.7%
|
|||
|
A&D Mortgage Trust, Series 2024-NQM5, Class A1,
5.70%, 11/25/69(b)
|
|
1,211
|
1,215,544
|
|
ACRA Trust, Series 2024-NQM1, Class A1, 5.61%,
10/25/64(b)
|
|
369
|
369,620
|
|
Ajax Mortgage Loan Trust, Series 2017-D, Class B,
0.00%, 12/25/57(a)(b)
|
|
1
|
265
|
|
Alternative Loan Trust
|
|
|
|
|
Series 2005-9CB, Class 1A3, (1 mo. Term SOFR +
0.56%), 4.24%, 05/25/35(a)
|
|
877
|
773,339
|
|
Series 2006-40T1, Class 2A5, (1 mo. Term SOFR +
0.51%), 4.19%, 12/25/36(a)
|
|
2,259
|
455,937
|
|
Series 2006-7CB, Class 2A1, 6.50%, 05/25/36
|
|
1,304
|
513,382
|
|
Series 2006-J7, Class 2A1, (1-mo. SOFR US +
1.61%), 2.70%, 11/20/46(a)
|
|
2,263
|
2,117,245
|
|
Series 2006-J8, Class A5, 6.00%, 02/25/37
|
|
1,731
|
636,264
|
|
Series 2006-OA14, Class 3A1, (12-mo. MTA +
0.85%), 4.71%, 11/25/46(a)
|
|
3,377
|
3,109,435
|
|
Series 2006-OA16, Class A2, (1 mo. Term SOFR +
0.49%), 4.17%, 10/25/46(a)
|
|
2,210
|
2,099,404
|
|
Series 2006-OA18, Class A1, (1 mo. Term SOFR +
0.35%), 4.03%, 12/25/46(a)
|
|
1,169
|
1,069,026
|
|
Series 2006-OA6, Class 1A1A, (1 mo. Term SOFR +
0.53%), 4.21%, 07/25/46(a)
|
|
2,523
|
2,345,512
|
|
Series 2006-OA8, Class 1A1, (1 mo. Term SOFR +
0.49%), 4.17%, 07/25/46(a)
|
|
916
|
844,570
|
|
Series 2007-12T1, Class A22, 5.75%, 06/25/37
|
|
3,205
|
1,338,969
|
|
Series 2007-12T1, Class A5, 6.00%, 06/25/37
|
|
1,555
|
677,988
|
|
Security
|
|
Par
(000)
|
Value
|
|
Collateralized Mortgage Obligations (continued)
|
|||
|
Alternative Loan Trust (continued)
|
|
|
|
|
Series 2007-19, Class 1A1, 6.00%, 08/25/37
|
USD
|
528
|
$ 236,711
|
|
Series 2007-22, Class 2A16, 6.50%, 09/25/37
|
|
6,833
|
2,497,142
|
|
Series 2007-23CB, Class A1, 6.00%, 09/25/37
|
|
3,768
|
1,675,006
|
|
Series 2007-4CB, Class 1A3, (1 mo. Term SOFR +
0.46%), 4.14%, 04/25/37(a)
|
|
1,236
|
920,378
|
|
Series 2007-OA2, Class 1A1, (12-mo. MTA + 0.84%),
4.70%, 03/25/47(a)
|
|
1,195
|
1,090,518
|
|
Angel Oak Mortgage Trust(b)
|
|
|
|
|
Series 2024-10, Class A1, 5.35%, 10/25/69
|
|
1,359
|
1,360,354
|
|
Series 2025-11, Class A1, 4.98%, 10/25/70(a)
|
|
595
|
592,595
|
|
Series 2025-7, Class A1, 5.51%, 06/25/70
|
|
1,354
|
1,358,093
|
|
Bravo Residential Funding Trust(b)
|
|
|
|
|
Series 2021-NQM1, Class A1, 0.94%, 02/25/49(a)
|
|
315
|
298,622
|
|
Series 2023-NQM3, Class A1, 4.85%, 09/25/62
|
|
296
|
295,427
|
|
Series 2023-NQM4, Class A1, 6.44%, 05/25/63
|
|
753
|
752,280
|
|
Chase Home Lending Mortgage Trust, Series 2019-
ATR1, Class A12, 6.50%, 04/25/49(a)(b)
|
|
290
|
291,756
|
|
CHL Mortgage Pass-Through Trust
|
|
|
|
|
Series 2006-OA5, Class 3A1, (1 mo. Term SOFR +
0.51%), 4.19%, 04/25/46(a)
|
|
3,082
|
2,842,565
|
|
Series 2007-J2, Class 2A1, (1 mo. Term SOFR +
0.76%), 4.44%, 07/25/37(a)
|
|
2,594
|
615,869
|
|
Series 2007-J2, Class 2A8, 6.00%, 07/25/37
|
|
1,433
|
452,492
|
|
CIM Trust(b)
|
|
|
|
|
Series 2023-I1, Class A1, 6.03%, 04/25/58
|
|
813
|
810,459
|
|
Series 2023-I2, Class A1, 6.64%, 12/25/67
|
|
777
|
777,849
|
|
Citigroup Mortgage Loan Trust, Series 2006-AR7,
Class 2A3A, 4.58%, 11/25/36(a)
|
|
282
|
272,292
|
|
COLT Mortgage Loan Trust(b)
|
|
|
|
|
Series 2023-2, Class A1, 6.60%, 07/25/68
|
|
667
|
667,317
|
|
Series 2024-6, Class A1, 5.39%, 11/25/69
|
|
951
|
952,695
|
|
Series 2024-7, Class A1, 5.54%, 12/26/69
|
|
1,114
|
1,117,076
|
|
Series 2024-INV4, Class A1, 5.61%, 05/25/69
|
|
1,004
|
1,008,710
|
|
Series 2025-6, Class A1, 5.53%, 08/25/70
|
|
1,636
|
1,642,732
|
|
CSMC(a)(b)
|
|
|
|
|
Series 2011-4R, Class 1A2, (1 mo. Term SOFR +
1.61%), 5.29%, 09/27/37
|
|
638
|
536,971
|
|
Series 2021-NQM2, Class M1, 2.28%, 02/25/66
|
|
1,500
|
1,155,773
|
|
CSMC Trust, Series 2022-NQM5, Class A1, 5.17%,
05/25/67(a)(b)
|
|
2,143
|
2,139,066
|
|
Deephaven Residential Mortgage Trust(a)(b)
|
|
|
|
|
Series 2025-INV1, Class A1, 5.09%, 11/25/60
|
|
1,233
|
1,229,544
|
|
Series 2025-INV1, Class M1, 5.73%, 11/25/60
|
|
1,500
|
1,477,399
|
|
Ellington Financial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2020-1, Class M1, 5.24%, 05/25/65
|
|
500
|
494,469
|
|
Series 2021-2, Class A1, 0.93%, 06/25/66
|
|
155
|
131,607
|
|
Flagstar Mortgage Trust, Series 2021-4, Class A1,
2.50%, 06/01/51(a)(b)
|
|
1,829
|
1,525,667
|
|
GCAT Trust(a)(b)
|
|
|
|
|
Series 2022-NQM3, Class A1, 4.35%, 04/25/67
|
|
799
|
796,318
|
|
Series 2024-INV4, Class A2, 5.50%, 12/25/54
|
|
752
|
750,847
|
|
Series 2025-NQM6, Class A1, 4.94%, 10/25/70
|
|
415
|
411,866
|
|
GS Mortgage-Backed Securities Trust(b)
|
|
|
|
|
Series 2025-DSC2, Class M1, 5.79%, 01/25/66(a)
|
|
1,500
|
1,486,054
|
|
Series 2025-NQM5, Class A1, 5.01%, 07/25/65
|
|
329
|
327,740
|
|
Series 2025-NQM5, Class M1, 5.75%, 07/25/65(a)
|
|
1,500
|
1,484,029
|
|
Homes Trust(b)
|
|
|
|
|
Series 2024-NQM2, Class A1, 5.72%, 10/25/69
|
|
450
|
452,280
|
|
Series 2025-NQM3, Class A1, 5.63%, 02/25/70(a)
|
|
1,084
|
1,089,837
|
|
Series 2025-NQM5, Class M1, 5.80%, 09/25/70(a)
|
|
731
|
725,189
|
|
JP Morgan Mortgage Trust(a)(b)
|
|
|
|
|
Series 2022-DSC1, Class A1, 4.75%, 01/25/63
|
|
386
|
379,515
|
|
Security
|
|
Par
(000)
|
Value
|
|
Collateralized Mortgage Obligations (continued)
|
|||
|
JP Morgan Mortgage Trust(a)(b) (continued)
|
|
|
|
|
Series 2023-DSC1, Class A1, 4.63%, 07/25/63
|
USD
|
251
|
$ 244,151
|
|
Series 2024-INV1, Class A3, 5.50%, 04/25/55
|
|
1,306
|
1,301,340
|
|
Series 2025-NQM4, Class A1, 4.95%, 03/25/66
|
|
2,231
|
2,221,296
|
|
Series 2025-VIS3, Class A1, 5.06%, 02/25/66
|
|
1,917
|
1,908,020
|
|
MFA Trust(b)
|
|
|
|
|
Series 2021-NQM1, Class M1, 2.31%, 04/25/65(a)
|
|
2,000
|
1,772,109
|
|
Series 2023-NQM3, Class A1, 6.62%, 07/25/68
|
|
985
|
986,883
|
|
Mill City Mortgage Trust, Series 2023-NQM2, Class A1,
6.24%, 12/25/67(b)
|
|
1,121
|
1,117,403
|
|
Morgan Stanley Re-REMIC Trust, Series 2010-R5,
Class 7B, 4.62%, 05/26/37(b)
|
|
2,312
|
2,994,461
|
|
Morgan Stanley Residential Mortgage Loan Trust(a)(b)
|
|
|
|
|
Series 2024-NQM5, Class A1, 5.65%, 10/25/69
|
|
1,052
|
1,057,027
|
|
Series 2025-SPL1, Class A1, 4.25%, 02/25/65
|
|
3,855
|
3,748,457
|
|
New Residential Mortgage Loan Trust(a)(b)
|
|
|
|
|
Series 2025-NQM5, Class A1, 5.11%, 08/25/65
|
|
3,532
|
3,519,504
|
|
Series 2025-NQM5, Class M1, 6.09%, 08/25/65
|
|
1,500
|
1,488,842
|
|
Nomura Asset Acceptance Corp. Alternative Loan Trust,
Series 2006-AF1, Class 1A2, 6.16%, 05/25/36(a)
|
|
6,353
|
1,094,394
|
|
OBX Trust(b)
|
|
|
|
|
Series 2023-NQM5, Class A1A, 6.57%, 06/25/63
|
|
806
|
806,226
|
|
Series 2023-NQM6, Class A1, 6.52%, 07/25/63
|
|
782
|
783,243
|
|
Series 2024-NQM17, Class A1, 5.61%, 11/25/64(a)
|
|
839
|
843,030
|
|
PMT Loan Trust, Series 2024-INV1, Class A3, 5.50%,
10/25/59(a)(b)
|
|
1,547
|
1,543,028
|
|
PRKCM Trust, Series 2023-AFC2, Class A1, 6.48%,
06/25/58(b)
|
|
705
|
703,030
|
|
Provident Funding Mortgage Trust, Series 2024-1,
Class A1, 5.50%, 12/25/54(a)(b)
|
|
1,176
|
1,169,905
|
|
Radian Mortgage Capital Trust, Series 2024-J2,
Class A4, 5.50%, 03/25/55(a)(b)
|
|
428
|
427,871
|
|
Residential Asset Securitization Trust, Series 2006-A8,
Class 2A5, (1 mo. Term SOFR + 0.71%), 4.39%,
08/25/36(a)
|
|
6,302
|
1,105,784
|
|
Sequoia Mortgage Trust, Series 2024-INV1, Class A3,
5.50%, 10/25/54(a)(b)
|
|
660
|
657,428
|
|
Spruce Hill Mortgage Loan Trust, Series 2022-SH1,
Class A1A, 4.10%, 07/25/57(b)
|
|
529
|
523,709
|
|
STAR Trust, Series 2021-1, Class M1, 2.36%,
05/25/65(a)(b)
|
|
1,750
|
1,570,475
|
|
Starwood Mortgage Residential Trust, Series 2020-3,
Class M1, 3.54%, 04/25/65(a)(b)
|
|
1,057
|
952,668
|
|
Towd Point Mortgage Trust, Series 2017-4, Class A1,
2.75%, 06/25/57(a)(b)
|
|
11
|
10,736
|
|
Verus Securitization Trust(b)
|
|
|
|
|
Series 2022-3, Class A1, 5.13%, 02/25/67
|
|
359
|
342,985
|
|
Series 2023-5, Class A1, 6.48%, 06/25/68
|
|
583
|
583,239
|
|
Series 2024-8, Class A1, 5.36%, 10/25/69(a)
|
|
1,271
|
1,272,625
|
|
Series 2024-R1, Class A1, 5.22%, 09/25/69(a)
|
|
1,375
|
1,378,448
|
|
Series 2025-11, Class M1, 5.66%, 11/25/70(a)
|
|
900
|
889,464
|
|
Visio Trust, Series 2023-2, Class A1, 6.60%, 10/25/58(b)
|
|
1,094
|
1,095,868
|
|
|
|
|
96,803,258
|
|
Commercial Mortgage-Backed Securities — 4.2%
|
|||
|
Bank, Series 2025-5YR17, Class B, 5.99%, 11/15/58(a)
|
|
409
|
418,104
|
|
Bayview Commercial Asset Trust, Series 2007-2A,
Class A1, (1 mo. Term SOFR + 0.52%), 4.20%,
07/25/37(a)(b)
|
|
866
|
813,107
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Mortgage-Backed Securities (continued)
|
|||
|
BBCMS Mortgage Trust, Series 2025-C35, Class C,
6.11%, 07/15/58(a)
|
USD
|
643
|
$ 643,762
|
|
BFLD Commercial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2024-UNIV, Class D, (1 mo. Term SOFR +
2.69%), 6.36%, 11/15/41
|
|
630
|
630,197
|
|
Series 2025-5MW, Class D, 6.37%, 10/10/42
|
|
968
|
980,673
|
|
Series 2025-660F, Class D, (1 mo. Term SOFR +
2.75%), 6.42%, 11/15/42
|
|
226
|
225,435
|
|
BHMS Commercial Mortgage Trust, Series 2025-ATLS,
Class A, (1 mo. Term SOFR + 1.85%), 5.52%,
08/15/42(a)(b)
|
|
435
|
435,279
|
|
BLP Commercial Mortgage Trust, Series 2024-INDS,
Class D, (1 mo. Term SOFR + 2.59%), 6.26%,
03/15/41(a)(b)
|
|
343
|
341,805
|
|
BMO Mortgage Trust, Series 2025-C13, Class A5,
5.35%, 10/15/58
|
|
1,972
|
2,006,028
|
|
BPR Commercial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2024-PARK, Class D, 6.53%, 11/05/39
|
|
200
|
206,765
|
|
Series 2025-STAR, Class B, 5.02%, 11/05/42
|
|
420
|
417,291
|
|
BRCK Trust(a)(b)
|
|
|
|
|
Series 2025-830B, Class E, 6.78%, 12/10/42
|
|
135
|
137,767
|
|
Series 2025-830B, Class F, 7.59%, 12/10/42
|
|
120
|
123,106
|
|
BSTN Commercial Mortgage Trust, Series 2025-HUB,
Class A, 4.57%, 04/13/41(a)(b)
|
|
265
|
264,659
|
|
BX Commercial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2021-CIP, Class A, (1 mo. Term SOFR +
1.04%), 4.71%, 12/15/38
|
|
508
|
507,772
|
|
Series 2022-LP2, Class A, (1 mo. Term SOFR +
1.01%), 4.69%, 02/15/39
|
|
114
|
113,557
|
|
Series 2024-MF, Class C, (1 mo. Term SOFR +
1.94%), 5.61%, 02/15/39
|
|
452
|
451,441
|
|
BX Trust(a)(b)
|
|
|
|
|
Series 2021-LBA, Class AJV, (1 mo. Term SOFR +
1.16%), 4.84%, 02/15/36
|
|
1,650
|
1,648,969
|
|
Series 2024-BIO, Class C, (1 mo. Term SOFR +
2.64%), 6.31%, 02/15/41
|
|
240
|
237,675
|
|
Series 2024-CNYN, Class C, (1 mo. Term SOFR +
1.94%), 5.61%, 04/15/41
|
|
570
|
570,013
|
|
Series 2025-OMG, Class A, (1 mo. Term SOFR +
1.35%), 5.02%, 10/15/42
|
|
418
|
416,955
|
|
Century Plaza Towers, Series 2019-CPT, Class C,
3.00%, 11/13/39(a)(b)
|
|
250
|
224,365
|
|
CIP Commercial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2025-SBAY, Class A, (1 mo. Term SOFR +
1.40%), 5.07%, 10/15/37
|
|
658
|
657,589
|
|
Series 2025-SBAY, Class E, (1 mo. Term SOFR +
3.75%), 7.42%, 10/15/37
|
|
375
|
373,594
|
|
CONE Trust, Series 2024-DFW1, Class D, (1 mo. Term
SOFR + 3.04%), 6.71%, 08/15/41(a)(b)
|
|
660
|
653,697
|
|
CSMC, Series 2021-BHAR, Class C, (1 mo. Term SOFR
+ 2.11%), 5.79%, 11/15/38(a)(b)
|
|
270
|
266,408
|
|
CSTL Commercial Mortgage Trust(a)(b)
|
|
|
|
|
Series 2026-GATE3, Class D, 5.52%, 02/10/43
|
|
127
|
124,889
|
|
Series 2026-GATE3, Class E, 6.34%, 02/10/43
|
|
350
|
345,711
|
|
DBC Mortgage Trust, Series 2025-DBC, Class C, (1 mo.
Term SOFR + 2.05%), 5.72%, 11/15/42(a)(b)
|
|
1,628
|
1,621,898
|
|
DC Trust, Series 2024-HLTN, Class C, 7.04%,
04/13/40(a)(b)
|
|
220
|
218,335
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Mortgage-Backed Securities (continued)
|
|||
|
DK Trust(a)(b)
|
|
|
|
|
Series 2025-LXP, Class B, (1 mo. Term SOFR +
1.84%), 5.52%, 08/15/37
|
USD
|
188
|
$ 188,000
|
|
Series 2025-LXP, Class C, (1 mo. Term SOFR +
2.24%), 5.92%, 08/15/37
|
|
202
|
202,000
|
|
Extended Stay America Trust, Series 2025-ESH,
Class B, (1 mo. Term SOFR + 1.60%), 5.27%,
10/15/42(a)(b)
|
|
1,750
|
1,752,187
|
|
FS Trust(a)(b)
|
|
|
|
|
Series 2026-ORL, Class B, (1 mo. Term SOFR +
1.55%), 5.22%, 02/15/41
|
|
501
|
500,061
|
|
Series 2026-ORL, Class E, (1 mo. Term SOFR +
3.25%), 6.92%, 02/15/41
|
|
225
|
224,632
|
|
GS Mortgage Securities Corp. Trust(a)(b)
|
|
|
|
|
Series 2023-FUN, Class B, (1 mo. Term SOFR +
2.79%), 6.46%, 03/15/28
|
|
550
|
551,719
|
|
Series 2025-800D, Class A, (1 mo. Term SOFR +
2.65%), 6.33%, 11/25/41
|
|
483
|
482,491
|
|
Series 2025-800D, Class B, (1 mo. Term SOFR +
3.45%), 7.13%, 11/25/41
|
|
500
|
498,808
|
|
JP Morgan Chase Commercial Mortgage Securities
Trust, Series 2016-NINE, Class B, 2.85%,
09/06/38(a)(b)
|
|
275
|
272,607
|
|
JW Commercial Mortgage Trust, Series 2024-MRCO,
Class C, (1 mo. Term SOFR + 2.39%), 6.06%,
06/15/39(a)(b)
|
|
800
|
800,000
|
|
LEX Trust(a)(b)
|
|
|
|
|
Series 2026-450, Class B, (1 mo. Term SOFR +
1.70%), 5.37%, 03/15/43
|
|
900
|
893,805
|
|
Series 2026-450, Class E, (1 mo. Term SOFR +
3.70%), 7.37%, 03/15/43
|
|
105
|
103,980
|
|
LQR Trust, Series 2025-CALI, Class E, (1 mo. Term
SOFR + 3.95%), 7.62%, 01/15/43(a)
|
|
437
|
436,995
|
|
MAIN Trust(a)(b)
|
|
|
|
|
Series 2026-OLAS, Class E, (1 mo. Term SOFR +
4.25%), 7.92%, 01/15/41
|
|
195
|
194,998
|
|
Series 2026-OLAS, Class F, (1 mo. Term SOFR +
5.25%), 8.92%, 01/15/41
|
|
235
|
234,997
|
|
MCR Mortgage Trust, Series 2024-TWA, Class E,
8.73%, 06/12/39(b)
|
|
790
|
792,383
|
|
MF1 Trust, Series 2021-W10, Class A, (1 mo. Term
SOFR + 1.07%), 4.74%, 12/15/34(a)(b)
|
|
520
|
517,837
|
|
MIC Trust, Series 2023-MIC, Class B, 9.53%,
12/05/38(a)(b)
|
|
233
|
249,058
|
|
MLTI Trust, Series 2026-SF75, Class E, (1 mo. Term
SOFR + 3.25%), 6.92%, 03/15/31(a)(b)
|
|
150
|
149,159
|
|
MTN Commercial Mortgage Trust, Series 2022-LPFL,
Class A, (1 mo. Term SOFR + 1.40%), 5.08%,
03/15/39(a)(b)
|
|
409
|
408,744
|
|
NCMF Trust, Series 2025-MFS, Class E, 7.53%,
06/10/33(a)(b)
|
|
445
|
447,422
|
|
NRTH Commercial Mortgage Trust, Series 2025-PARK,
Class B, (1 mo. Term SOFR + 1.64%), 5.32%,
10/15/40(a)(b)
|
|
234
|
233,561
|
|
NYC Commercial Mortgage Trust, Series 2025-11X,
Class A, (1 mo. Term SOFR + 1.74%), 5.42%,
10/15/40(a)(b)
|
|
490
|
490,153
|
|
SELF Commercial Mortgage Trust, Series 2024-STRG,
Class D, (1 mo. Term SOFR + 2.94%), 6.61%,
11/15/34(a)(b)
|
|
189
|
188,764
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Mortgage-Backed Securities (continued)
|
|||
|
SLG Office Trust(a)(b)(c)
|
|
|
|
|
Series 2026-OMA, Class E, 04/15/41
|
USD
|
145
|
$ 145,283
|
|
Series 2026-OMA, Class F, 04/15/41
|
|
230
|
230,437
|
|
VEGAS, Series 2024-GCS, Class D, 6.22%,
07/10/36(a)(b)
|
|
572
|
569,098
|
|
Velocity Commercial Capital Loan Trust, Series 2026-1,
Class A, 5.10%, 02/25/56(a)(b)
|
|
400
|
394,284
|
|
VRTX Trust, Series 2025-HQ, Class B, 5.49%,
08/05/42(a)(b)
|
|
620
|
616,563
|
|
VTR Commercial Mortgage Trust, Series 2025-STEM,
Class D, 6.06%, 10/13/39(a)(b)
|
|
381
|
375,623
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
|
Series 2016-LC25, Class A4, 3.64%, 12/15/59
|
|
1,600
|
1,592,160
|
|
Series 2024-BPRC, Class D, 7.08%, 07/15/43(b)
|
|
250
|
250,061
|
|
Series 2025-C65, Class A5, 5.29%, 10/15/58
|
|
1,315
|
1,332,997
|
|
|
|
|
32,397,713
|
|
Total Non-Agency Mortgage-Backed Securities — 16.9%
(Cost: $144,901,557)
|
129,200,971
|
||
|
Preferred Securities
|
|||
|
Capital Trusts — 6.6%(a)
|
|||
|
Banks — 1.0%
|
|
||
|
Bank of Montreal, 7.70%, 05/26/84(d)
|
|
3,000
|
3,080,865
|
|
Nordea Bank Abp, 3.75%(b)(i)
|
|
560
|
519,243
|
|
PNC Financial Services Group, Inc., Series W,
6.25%(d)(i)
|
|
4,156
|
4,192,464
|
|
|
|
|
7,792,572
|
|
Building Materials — 0.0%
|
|
||
|
Cemex SAB de C.V., 7.20%(b)(i)
|
|
200
|
203,024
|
|
Capital Markets — 0.5%
|
|
||
|
Bank of New York Mellon Corp., Series I, 3.75%(d)(i)
|
|
2,845
|
2,781,094
|
|
State Street Corp., 4.94%, 06/01/77
|
|
624
|
541,577
|
|
|
|
|
3,322,671
|
|
Diversified Telecommunication Services(f) — 0.0%
|
|
||
|
British Telecommunications PLC, 8.38%, 12/20/83
|
GBP
|
100
|
138,876
|
|
Telefonica Europe BV, 6.14%(i)
|
EUR
|
100
|
120,047
|
|
|
|
|
258,923
|
|
Electric Utilities — 0.8%
|
|
||
|
Electricite de France SA, 3.00%(f)(i)
|
|
200
|
227,413
|
|
NextEra Energy Capital Holdings, Inc., 5.65%,
05/01/79(d)
|
USD
|
4,500
|
4,492,910
|
|
PG&E Corp., 7.38%, 03/15/55
|
|
1,424
|
1,433,134
|
|
|
|
|
6,153,457
|
|
Financial Services — 3.7%
|
|
||
|
Bank of America Corp., Series OO, 6.63%(d)(i)
|
|
3,635
|
3,726,766
|
|
Barclays PLC(i)
|
|
|
|
|
4.38%
|
|
2,835
|
2,688,164
|
|
8.00%
|
|
200
|
206,952
|
|
9.63%
|
|
1,105
|
1,205,284
|
|
Citigroup, Inc., Series BB, 7.20%(i)
|
|
2,500
|
2,547,667
|
|
Credit Agricole SA, 6.70%(b)(i)
|
|
3,000
|
2,954,452
|
|
Goldman Sachs Group, Inc., Series W, 7.50%(i)
|
|
2,500
|
2,609,922
|
|
HSBC Holdings PLC(i)
|
|
|
|
|
4.70%
|
|
465
|
423,563
|
|
6.00%(d)
|
|
230
|
228,944
|
|
JPMorgan Chase & Co.
|
|
|
|
|
Series II, 6.44%(d)(i)
|
|
4,000
|
4,005,048
|
|
Series U, 4.88%, 01/15/87
|
|
358
|
329,091
|
|
Security
|
|
Par
(000)
|
Value
|
|
Financial Services (continued)
|
|
||
|
Lloyds Banking Group PLC, 6.75%(i)
|
USD
|
515
|
$ 517,181
|
|
NatWest Group PLC, 8.13%(i)
|
|
595
|
644,104
|
|
UBS Group AG(b)(i)
|
|
|
|
|
Series NC10, 9.25%(d)
|
|
5,300
|
5,969,067
|
|
Series NC5, 9.25%
|
|
200
|
213,165
|
|
|
|
|
28,269,370
|
|
Independent Power and Renewable Electricity Producers(b)(i) — 0.1%
|
|
||
|
NRG Energy, Inc., 10.25%
|
|
537
|
579,273
|
|
Vistra Corp., 7.00%
|
|
267
|
267,342
|
|
|
|
|
846,615
|
|
Pharmaceuticals — 0.5%
|
|
||
|
CVS Health Corp.
|
|
|
|
|
6.75%, 12/10/54
|
|
635
|
642,965
|
|
7.00%, 03/10/55(d)
|
|
2,605
|
2,684,682
|
|
|
|
|
3,327,647
|
|
Real Estate Management & Development — 0.0%
|
|
||
|
Heimstaden Bostad AB, 2.63%(f)(i)
|
EUR
|
100
|
111,866
|
|
|
50,286,145
|
||
|
|
|
Shares
|
|
|
Preferred Stocks — 0.3%(g)
|
|||
|
Capital Markets — 0.3%
|
|
||
|
Morgan Stanley, Series F, 6.88%(i)
|
|
100,000
|
2,505,000
|
|
IT Services(e) — 0.0%
|
|
||
|
Veritas Newco
|
|
|
|
|
Series G
|
|
842
|
15,998
|
|
Series G-1
|
|
582
|
11,058
|
|
|
|
|
27,056
|
|
|
2,532,056
|
||
|
Total Preferred Securities — 6.9%
(Cost: $52,736,597)
|
52,818,201
|
||
|
|
|
Par
(000)
|
|
|
U.S. Government Sponsored Agency Securities
|
|||
|
Collateralized Mortgage Obligations — 0.7%
|
|
||
|
Fannie Mae REMICS
|
|
|
|
|
Series 2025-2, Class FG, (30-day Avg SOFR +
1.45%), 5.11%, 02/25/55(a)
|
USD
|
130
|
131,694
|
|
Series 2025-35, Class FJ, (30-day Avg SOFR +
1.60%), 5.26%, 05/25/55(a)
|
|
170
|
171,785
|
|
Series 2025-74, Class AT, 5.00%, 09/25/55
|
|
3,273
|
3,248,414
|
|
Series 5209, Class EQ, 3.00%, 04/25/52
|
|
1,340
|
1,010,615
|
|
Series 5471, Class FM, (30-day Avg SOFR + 1.40%),
5.06%, 11/25/54(a)
|
|
485
|
487,855
|
|
Ginnie Mae, Series 2017-136, Class GB, 3.00%,
03/20/47
|
|
423
|
404,726
|
|
|
|
|
5,455,089
|
|
Interest Only Collateralized Mortgage Obligations — 0.5%
|
|
||
|
Fannie Mae REMICS, Series 5112, Class KI, 3.50%,
06/25/51
|
|
4,427
|
814,481
|
|
Security
|
|
Par
(000)
|
Value
|
|
Interest Only Collateralized Mortgage Obligations (continued)
|
|
||
|
Ginnie Mae
|
|
|
|
|
Series 2019-151, Class IA, 3.50%, 12/20/49
|
USD
|
8,371
|
$ 1,541,900
|
|
Series 2020-151, Class MI, 2.50%, 10/20/50
|
|
5,517
|
802,501
|
|
Series 2021-175, Class IE, 4.00%, 09/20/47
|
|
4,028
|
829,899
|
|
|
|
|
3,988,781
|
|
Mortgage-Backed Securities(d) — 17.3%
|
|
||
|
Freddie Mac Mortgage-Backed Securities
|
|
|
|
|
2.50%, 09/01/32
|
|
1,668
|
1,600,420
|
|
4.00%, 05/01/39
|
|
2,585
|
2,528,737
|
|
Ginnie Mae Mortgage-Backed Securities
|
|
|
|
|
5.50%, 07/20/55
|
|
259
|
265,173
|
|
6.00%, 07/20/55 - 11/20/55
|
|
706
|
725,340
|
|
6.50%, 11/20/55
|
|
182
|
190,643
|
|
Uniform Mortgage-Backed Securities
|
|
|
|
|
2.00%, 08/01/31 - 09/01/35
|
|
6,478
|
6,008,714
|
|
2.50%, 12/01/31
|
|
463
|
446,558
|
|
1.50%, 01/01/36 - 06/01/36
|
|
5,482
|
4,950,860
|
|
3.50%, 09/01/42 - 06/01/49
|
|
15,148
|
14,230,182
|
|
4.50%, 06/01/44 - 05/01/53
|
|
9,332
|
9,131,649
|
|
5.00%, 11/01/44 - 11/01/45
|
|
9,734
|
9,704,097
|
|
4.00%, 05/01/52
|
|
23,338
|
22,349,495
|
|
6.50%, 01/01/54
|
|
3,379
|
3,541,358
|
|
5.50%, 08/01/54 - 04/13/56(p)
|
|
55,897
|
56,410,255
|
|
|
|
|
132,083,481
|
|
Total U.S. Government Sponsored Agency Securities — 18.5%
(Cost: $140,801,183)
|
141,527,351
|
||
|
Total Long-Term Investments — 149.3%
(Cost: $1,169,896,716)
|
1,141,296,444
|
||
|
|
|
Shares
|
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 0.6%
|
|
||
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
3.55%(q)(r)
|
|
4,437,972
|
4,437,972
|
|
Total Short-Term Securities — 0.6%
(Cost: $4,437,972)
|
4,437,972
|
||
|
Total Investments — 149.9%
(Cost: $1,174,334,688)
|
1,145,734,416
|
||
|
Liabilities in Excess of Other Assets — (49.9)%
|
(381,438,257
)
|
||
|
Net Assets — 100.0%
|
$ 764,296,159
|
||
|
(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)
|
When-issued security.
|
|
(d)
|
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
|
|
(e)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(f)
|
This security may be resold to qualified foreign investors and foreign institutional
buyers
under Regulation S of the Securities Act of 1933.
|
|
(g)
|
Non-income producing security.
|
|
(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)
|
Convertible security.
|
|
(k)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(l)
|
Zero-coupon bond.
|
|
(m)
|
Step coupon security. Coupon rate will either increase (step-up bond) or decrease
(step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate
currently in effect.
|
|
(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)
|
Rounds to less than 1,000.
|
|
(p)
|
Represents or includes a TBA transaction.
|
|
(q)
|
Affiliate of the Fund.
|
|
(r)
|
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
|
$ 5,027,827
|
$ —
|
$ (589,855
)(a)
|
$ —
|
$ —
|
$ 4,437,972
|
4,437,972
|
$ 54,960
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
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)
|
|
U.S. Bancorp Investments, Inc.
|
3.86
%(b)
|
09/24/25
|
Open
|
$ 3,175,562
|
$ 3,243,378
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/01/25
|
Open
|
3,254,062
|
3,320,298
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/01/25
|
Open
|
2,756,250
|
2,812,353
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
277,500
|
282,788
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
601,776
|
613,244
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
361,463
|
368,351
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
523,500
|
533,476
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
577,500
|
588,505
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
588,875
|
600,097
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
357,000
|
363,803
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/08/25
|
Open
|
545,985
|
556,390
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
611,150
|
622,820
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
392,500
|
399,995
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.83
(b)
|
10/09/25
|
Open
|
499,509
|
509,064
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
10/09/25
|
Open
|
965,700
|
984,374
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/15/25
|
Open
|
2,487,905
|
2,534,328
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/20/25
|
Open
|
3,674,825
|
3,741,169
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.79
(b)
|
10/21/25
|
Open
|
633,463
|
644,573
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
10/22/25
|
Open
|
400,575
|
407,602
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.80
(b)
|
10/31/25
|
Open
|
3,925,000
|
3,989,637
|
Capital Trusts
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.80
(b)
|
10/31/25
|
Open
|
3,630,456
|
3,690,243
|
Capital Trusts
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.80
(b)
|
10/31/25
|
Open
|
2,652,962
|
2,696,652
|
Capital Trusts
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/31/25
|
Open
|
485,181
|
493,128
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/03/25
|
Open
|
6,696,550
|
6,806,232
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/04/25
|
Open
|
1,170,312
|
1,189,347
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/06/25
|
Open
|
2,820,319
|
2,865,546
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/10/25
|
Open
|
2,984,284
|
3,030,779
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.83
(b)
|
11/14/25
|
Open
|
1,248,320
|
1,267,055
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/21/25
|
Open
|
900,025
|
912,884
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/24/25
|
Open
|
755,849
|
766,390
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/24/25
|
Open
|
381,716
|
387,040
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/28/25
|
Open
|
140,753
|
140,752
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/10/25
|
Open
|
401,363
|
406,166
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/11/25
|
Open
|
409,450
|
414,304
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
12/11/25
|
Open
|
225,620
|
228,330
|
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)
|
|
U.S. Bancorp Investments, Inc.
|
3.86
%(b)
|
12/12/25
|
Open
|
$ 2,160,866
|
$ 2,186,352
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/18/25
|
Open
|
716,625
|
724,430
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/18/25
|
Open
|
789,375
|
797,972
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/18/25
|
Open
|
563,500
|
569,637
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/18/25
|
Open
|
3,003,750
|
3,036,464
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/18/25
|
Open
|
596,250
|
602,744
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
2,148,750
|
2,172,401
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
891,990
|
901,808
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
2,988,750
|
3,021,646
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/19/25
|
Open
|
1,189,112
|
1,202,041
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
12/31/25
|
Open
|
1,488,912
|
1,503,101
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
01/15/26
|
Open
|
1,484,437
|
1,496,252
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.60
(b)
|
01/21/26
|
Open
|
243,719
|
245,425
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
01/23/26
|
Open
|
1,852,500
|
1,865,762
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
01/23/26
|
Open
|
938,750
|
945,470
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.64
(b)
|
01/28/26
|
Open
|
916,000
|
921,835
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.78
(b)
|
01/28/26
|
Open
|
1,474,687
|
1,484,443
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
01/28/26
|
Open
|
553,000
|
556,668
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.80
(b)
|
01/28/26
|
Open
|
857,246
|
862,947
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.80
(b)
|
01/28/26
|
Open
|
2,044,125
|
2,057,718
|
Corporate Bonds
|
Open/Demand
|
|
Banco Santander SA
|
3.75
(b)
|
01/29/26
|
Open
|
307,253
|
307,253
|
Foreign Agency Obligations
|
Open/Demand
|
|
Barclays Bank PLC
|
3.74
(b)
|
01/29/26
|
Open
|
675,000
|
675,000
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
01/30/26
|
Open
|
1,522,287
|
1,532,218
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
2,238,750
|
2,253,431
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
2,682,420
|
2,700,010
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
2,578,387
|
2,595,295
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
(b)
|
02/05/26
|
Open
|
8,844,555
|
8,895,092
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.80
(b)
|
02/06/26
|
Open
|
886,290
|
891,342
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/06/26
|
Open
|
11,010
|
11,074
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/09/26
|
Open
|
1,895,040
|
1,905,403
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/09/26
|
Open
|
2,587,424
|
2,601,609
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/09/26
|
Open
|
2,191,761
|
2,203,778
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/11/26
|
Open
|
3,897,355
|
3,917,831
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
2,431,735
|
2,444,544
|
Corporate Bonds
|
Open/Demand
|
|
Morgan Stanley & Co. LLC
|
(0.75
)
|
02/12/26
|
04/08/26
|
83,938
|
83,937
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.00
|
02/12/26
|
04/08/26
|
44,378
|
44,377
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.25
|
02/12/26
|
04/08/26
|
194,163
|
194,227
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.00
|
02/12/26
|
04/08/26
|
211,041
|
211,885
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.25
|
02/12/26
|
04/08/26
|
130,410
|
130,975
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.65
|
02/12/26
|
04/08/26
|
358,785
|
360,531
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.75
|
02/12/26
|
04/08/26
|
753,025
|
756,790
|
Corporate Bonds
|
Up to 30 Days
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
02/12/26
|
Open
|
898,931
|
903,486
|
Corporate Bonds
|
Open/Demand
|
|
Morgan Stanley & Co. LLC
|
3.80
(b)
|
02/13/26
|
Open
|
1,554,995
|
1,562,710
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/19/26
|
Open
|
2,587,069
|
2,598,442
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
02/26/26
|
Open
|
2,007,159
|
2,007,159
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/26/26
|
Open
|
2,683,081
|
2,683,081
|
Corporate Bonds
|
Open/Demand
|
|
Banco Santander SA
|
3.85
(b)
|
03/02/26
|
Open
|
180,428
|
181,006
|
Foreign Agency Obligations
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/02/26
|
Open
|
3,359,239
|
3,370,072
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/10/26
|
Open
|
2,506,840
|
2,512,769
|
Corporate Bonds
|
Open/Demand
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
1,557,644
|
1,560,915
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
4,905,452
|
4,915,753
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
2,470,602
|
2,475,791
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
434,453
|
435,365
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
4,097,865
|
4,106,470
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
284,452
|
285,049
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 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)
|
|
Deutsche Bank Securities, Inc.
|
3.78
%
|
03/11/26
|
04/13/26
|
$ 6,132,469
|
$ 6,145,347
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
2,255,926
|
2,260,663
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
8,059,643
|
8,076,568
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
4,852,692
|
4,862,882
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
5,542,202
|
5,553,841
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
939,880
|
941,854
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
7,368,462
|
7,383,936
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
3,455,267
|
3,462,524
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
4,490,037
|
4,499,466
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
21,881,366
|
21,927,317
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
1,442,930
|
1,445,960
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
4,540,925
|
4,550,461
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
23,387,723
|
23,436,837
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
7,552,158
|
7,568,018
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
139,377
|
139,670
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
7,558,790
|
7,574,664
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
368,125
|
368,898
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
184,729
|
185,116
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
96,567
|
96,770
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
159,889
|
160,225
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Deutsche Bank Securities, Inc.
|
3.78
|
03/11/26
|
04/13/26
|
170,504
|
170,862
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.65
|
03/12/26
|
04/09/26
|
132,820
|
133,089
|
Foreign Agency Obligations
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.69
|
03/12/26
|
04/09/26
|
428,450
|
429,328
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.70
|
03/12/26
|
04/09/26
|
481,480
|
482,470
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.70
|
03/12/26
|
04/09/26
|
217,235
|
217,682
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.70
|
03/12/26
|
04/09/26
|
1,694,400
|
1,697,883
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
1,781,075
|
1,784,776
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
4,168,994
|
4,177,656
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
3,780,000
|
3,787,854
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
827,500
|
829,219
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
932,500
|
934,438
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
463,125
|
464,087
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
400,500
|
401,332
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
437,500
|
438,409
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
514,688
|
515,757
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
640,000
|
641,330
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
1,044,788
|
1,046,958
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
1,464,025
|
1,467,067
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
2,005,280
|
2,009,447
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
1,486,650
|
1,489,739
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
460,000
|
460,956
|
Corporate Bonds
|
Up to 30 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)
|
|
Barclays Bank PLC
|
3.74
%
|
03/12/26
|
04/09/26
|
$ 536,579
|
$ 537,694
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
532,508
|
533,614
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.85
|
03/12/26
|
04/09/26
|
3,137,043
|
3,143,753
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.00
|
03/12/26
|
04/09/26
|
327,500
|
328,046
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.69
|
03/12/26
|
04/09/26
|
350,267
|
350,985
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.70
|
03/12/26
|
04/09/26
|
151,710
|
152,022
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
532,212
|
533,318
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,518,450
|
1,521,605
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,021,250
|
1,023,372
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
2,413,950
|
2,418,966
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.85
|
03/12/26
|
04/09/26
|
2,841,435
|
2,847,513
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.85
|
03/12/26
|
04/09/26
|
2,144,677
|
2,149,264
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.85
|
03/12/26
|
04/09/26
|
2,057,424
|
2,061,825
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.85
|
03/12/26
|
04/09/26
|
2,587,356
|
2,592,891
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
2,185,986
|
2,190,723
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
2,071,619
|
2,076,107
|
Corporate Bonds
|
Up to 30 Days
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/12/26
|
Open
|
969,558
|
971,637
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/13/26
|
Open
|
1,996,674
|
2,000,741
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/13/26
|
Open
|
2,194,627
|
2,199,110
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/13/26
|
Open
|
2,053,642
|
2,057,837
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.83
(b)
|
03/16/26
|
Open
|
214,486
|
214,851
|
Corporate Bonds
|
Open/Demand
|
|
J.P. Morgan Securities LLC
|
3.55
|
03/20/26
|
05/01/26
|
625,695
|
626,435
|
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
|
3.70
|
03/20/26
|
05/01/26
|
564,300
|
564,996
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
2,182,400
|
2,185,128
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
466,000
|
466,582
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
2,205,200
|
2,207,956
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
2,022,131
|
2,024,659
|
Capital Trusts
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
2.75
|
03/20/26
|
06/03/26
|
1,415,080
|
1,416,377
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
2.90
|
03/20/26
|
06/03/26
|
1,365,312
|
1,366,632
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.20
|
03/20/26
|
06/03/26
|
88,908
|
89,002
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
718,648
|
719,462
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
889,305
|
890,313
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
1,224,382
|
1,225,770
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.45
|
03/20/26
|
06/03/26
|
231,040
|
231,306
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.45
|
03/20/26
|
06/03/26
|
924,038
|
925,100
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.50
|
03/20/26
|
06/03/26
|
410,250
|
410,729
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.53
|
03/20/26
|
06/03/26
|
632,420
|
633,164
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.55
|
03/20/26
|
06/03/26
|
2,316,541
|
2,319,282
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
203,680
|
203,924
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
83,688
|
83,788
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
132,175
|
132,334
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
345,950
|
346,365
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
1,038,485
|
1,039,732
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
704,975
|
705,821
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
195,435
|
195,670
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
694,035
|
694,868
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
875,925
|
876,976
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
85,250
|
85,352
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
208,478
|
208,728
|
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
|
1,245,676
|
1,247,171
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
585,399
|
586,102
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
772,160
|
773,087
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
248,421
|
248,719
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
410,091
|
410,590
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
301,740
|
302,107
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
1,088,205
|
1,089,529
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
273,675
|
274,008
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
90,131
|
90,241
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
2,169,937
|
2,172,578
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
442,643
|
443,181
|
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)
|
|
BofA Securities, Inc.
|
3.65
%
|
03/20/26
|
06/03/26
|
$ 465,465
|
$ 466,031
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
681,196
|
682,025
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
100,330
|
100,452
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
467,399
|
467,975
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
31,605
|
31,644
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,657,432
|
1,659,477
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,130,220
|
1,131,614
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
448,140
|
448,693
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
64,155
|
64,234
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,170,400
|
1,171,843
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
373,725
|
374,186
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
244,140
|
244,441
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
854,563
|
855,616
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
197,024
|
197,267
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
1,062,600
|
1,063,911
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
69,840
|
69,926
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
1,385,625
|
1,387,357
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
1,241,250
|
1,242,802
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
767,213
|
768,172
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.77
|
03/20/26
|
06/03/26
|
2,962,500
|
2,966,223
|
Capital Trusts
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.77
|
03/20/26
|
06/03/26
|
4,376,250
|
4,381,749
|
Capital Trusts
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.78
|
03/20/26
|
06/03/26
|
1,101,982
|
1,103,371
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.78
|
03/20/26
|
06/03/26
|
1,892,500
|
1,894,885
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.79
|
03/20/26
|
06/03/26
|
1,877,500
|
1,879,872
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.79
|
03/20/26
|
06/03/26
|
990,250
|
991,501
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
386,033
|
386,528
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
784,682
|
785,689
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
2,122,695
|
2,125,419
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.87
|
03/20/26
|
06/03/26
|
2,162,503
|
2,165,292
|
Corporate Bonds
|
31 - 90 Days
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/20/26
|
Open
|
3,336,824
|
3,341,162
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/20/26
|
Open
|
3,710,295
|
3,715,081
|
Corporate Bonds
|
Open/Demand
|
|
J.P. Morgan Securities LLC
|
3.83
|
03/23/26
|
05/01/26
|
225,720
|
225,936
|
Corporate Bonds
|
31 - 90 Days
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/25/26
|
Open
|
513,520
|
513,907
|
Corporate Bonds
|
Open/Demand
|
|
BofA Securities, Inc.
|
3.60
|
03/30/26
|
06/03/26
|
1,513
|
1,513
|
Corporate Bonds
|
31 - 90 Days
|
|
Nomura Securities International, Inc.
|
3.57
(b)
|
03/30/26
|
Open
|
139,365
|
139,392
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.60
(b)
|
03/30/26
|
Open
|
165,228
|
165,261
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.70
(b)
|
03/30/26
|
Open
|
137,475
|
137,503
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.75
(b)
|
03/30/26
|
Open
|
397,098
|
397,180
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/31/26
|
Open
|
4,994,100
|
4,994,635
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/31/26
|
Open
|
1,050,175
|
1,050,288
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/31/26
|
Open
|
3,680,000
|
3,680,395
|
Corporate Bonds
|
Open/Demand
|
|
|
|
|
|
$ 388,721,467
|
$ 390,567,701
|
|
|
|
(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
|
2,852
|
06/30/26
|
$ 591,701
|
$ (3,583,054
)
|
|
5-Year U.S. Treasury Note
|
344
|
06/30/26
|
37,211
|
(509,452
)
|
|
|
|
|
|
(4,092,506
)
|
|
Short Contracts
|
|
|
|
|
|
10-Year U.S. Treasury Note
|
990
|
06/18/26
|
109,875
|
2,116,959
|
|
10-Year U.S. Ultra Long Treasury Note
|
365
|
06/18/26
|
41,405
|
821,560
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount (000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Short Contracts (continued)
|
|
|
|
|
|
U.S. Long Bond
|
490
|
06/18/26
|
$ 55,676
|
$ 1,657,770
|
|
Ultra U.S. Treasury Bond
|
184
|
06/18/26
|
21,402
|
680,575
|
|
|
|
|
|
5,276,864
|
|
|
|
|
|
$ 1,184,358
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
USD
|
165,901
|
EUR
|
141,558
|
JPMorgan Chase Bank N.A.
|
04/16/26
|
$ 2,173
|
|
USD
|
169,947
|
EUR
|
145,011
|
JPMorgan Chase Bank N.A.
|
04/16/26
|
2,226
|
|
USD
|
340,214
|
EUR
|
290,295
|
JPMorgan Chase Bank N.A.
|
04/16/26
|
4,455
|
|
USD
|
361,063
|
EUR
|
308,084
|
JPMorgan Chase Bank N.A.
|
04/16/26
|
4,728
|
|
USD
|
116,469
|
EUR
|
99,354
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
1,555
|
|
USD
|
117,197
|
EUR
|
100,000
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
1,536
|
|
USD
|
117,548
|
EUR
|
100,299
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
1,540
|
|
USD
|
146,498
|
EUR
|
125,000
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
1,921
|
|
USD
|
147,957
|
EUR
|
126,241
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
1,945
|
|
USD
|
158,208
|
EUR
|
134,993
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
2,073
|
|
USD
|
168,973
|
EUR
|
144,179
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
2,214
|
|
USD
|
169,740
|
EUR
|
144,833
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
2,224
|
|
USD
|
180,674
|
EUR
|
154,162
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
2,367
|
|
USD
|
248,708
|
EUR
|
212,212
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
3,261
|
|
USD
|
1,095,178
|
EUR
|
934,475
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
14,351
|
|
USD
|
122,819
|
EUR
|
104,535
|
Societe Generale
|
04/16/26
|
1,912
|
|
USD
|
290,508
|
EUR
|
247,812
|
State Street Bank and Trust Co.
|
04/16/26
|
3,885
|
|
USD
|
119,935
|
EUR
|
102,573
|
Toronto-Dominion Bank
|
04/16/26
|
1,298
|
|
USD
|
131,251
|
EUR
|
112,250
|
Toronto-Dominion Bank
|
04/16/26
|
1,420
|
|
USD
|
313,446
|
EUR
|
268,070
|
Toronto-Dominion Bank
|
04/16/26
|
3,392
|
|
USD
|
2,211,353
|
GBP
|
1,665,000
|
State Street Bank and Trust Co.
|
06/17/26
|
8,055
|
|
|
|
|
|
|
|
68,531
|
|
EUR
|
4,072
|
USD
|
4,773
|
Canadian Imperial Bank of Commerce
|
04/16/26
|
(63
)
|
|
USD
|
19,030,689
|
EUR
|
16,507,000
|
Societe Generale
|
06/17/26
|
(115,231
)
|
|
|
|
|
|
|
|
(115,294
)
|
|
|
$ (46,763
)
|
|||||
|
Reference Obligation/Index
|
Financing
Rate Paid
by the Fund
|
Payment
Frequency
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CDX.NA.IG.45.V1
|
1.00
%
|
Quarterly
|
12/20/30
|
USD
|
5,355
|
$ (96,802
)
|
$ (111,911
)
|
$ 15,109
|
|
Reference Obligation/Index
|
Financing
Rate Received
by the Fund
|
Payment
Frequency
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CDX.NA.HY.46.V1
|
5.00
%
|
Quarterly
|
06/20/31
|
B
|
USD
|
8,705
|
$ 432,127
|
$ 350,347
|
$ 81,780
|
|
(a)
|
Using the rating of the issuer or the underlying securities of the index, as applicable,
provided by S&P Global Ratings.
|
|
(b)
|
The maximum potential amount the Fund may pay should a negative credit event take
place as defined under the terms of the agreement.
|
|
Reference Obligations/Index
|
Financing
Rate Paid
by the Fund
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CMBX.NA.7
|
3.00
%
|
Monthly
|
Deutsche Bank AG
|
01/17/47
|
USD
|
10,006
|
$ 1,324,107
|
$ 601,810
|
$ 722,297
|
|
Reference Obligation/Index
|
Financing
Rate Received
by the Fund
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CMA CGM SA
|
5.00
%
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
06/20/27
|
BB+
|
EUR
|
38
|
$ 2,333
|
$ 2,237
|
$ 96
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Bank of America N.A.
|
12/20/27
|
N/R
|
EUR
|
9
|
462
|
(593
)
|
1,055
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
5
|
277
|
(328
)
|
605
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
15
|
780
|
(922
)
|
1,702
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Citibank N.A.
|
12/20/27
|
N/R
|
EUR
|
5
|
226
|
(274
)
|
500
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
N/R
|
EUR
|
9
|
474
|
(631
)
|
1,105
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
12/20/27
|
N/R
|
EUR
|
7
|
343
|
(437
)
|
780
|
|
Altice France SA
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
CCC+
|
EUR
|
27
|
1,359
|
1,112
|
247
|
|
Altice France SA
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
CCC+
|
EUR
|
24
|
1,208
|
1,144
|
64
|
|
Altice France SA
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
12/20/27
|
CCC+
|
EUR
|
12
|
603
|
456
|
147
|
|
Virgin Media Finance PLC
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/28
|
B-
|
EUR
|
21
|
1,270
|
1,729
|
(459
)
|
|
iTraxx.XO.42.V3 20-35%
|
5.00
|
Quarterly
|
BNP Paribas SA
|
12/20/29
|
CCC
|
EUR
|
45
|
5,443
|
5,766
|
(323
)
|
|
Zegona Finance PLC
|
5.00
|
Quarterly
|
BNP Paribas SA
|
06/20/30
|
BB
|
EUR
|
10
|
1,662
|
1,509
|
153
|
|
Zegona Finance PLC
|
5.00
|
Quarterly
|
Deutsche Bank AG
|
06/20/30
|
BB
|
EUR
|
10
|
1,676
|
1,195
|
481
|
|
Faurecia SE
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/30
|
BB-
|
EUR
|
42
|
4,026
|
3,865
|
161
|
|
CMBX.NA.7
|
3.00
|
Monthly
|
Barclays Bank PLC
|
01/17/47
|
D
|
USD
|
4,002
|
(529,643
)
|
(168,523
)
|
(361,120
)
|
|
CMBX.NA.7
|
3.00
|
Monthly
|
Barclays Bank PLC
|
01/17/47
|
D
|
USD
|
2,001
|
(264,821
)
|
(84,164
)
|
(180,657
)
|
|
CMBX.NA.7
|
3.00
|
Monthly
|
Barclays Bank PLC
|
01/17/47
|
D
|
USD
|
4,002
|
(529,643
)
|
(83,276
)
|
(446,367
)
|
|
|
|
|
|
|
|
|
|
$ (1,301,965
)
|
$ (320,135
)
|
$ (981,830
)
|
|
(a)
|
Using the rating of the issuer or the underlying securities of the index, as applicable,
provided by S&P Global Ratings.
|
|
(b)
|
The maximum potential amount the Fund may pay should a negative credit event take
place as defined under the terms of the agreement.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Asset-Backed Securities
|
$ —
|
$ 76,475,013
|
$ 1,090,575
|
$ 77,565,588
|
|
Common Stocks
|
—
|
255,123
|
54,385
|
309,508
|
|
Corporate Bonds
|
—
|
679,637,706
|
—
|
679,637,706
|
|
Fixed Rate Loan Interests
|
—
|
3,741,104
|
—
|
3,741,104
|
|
Floating Rate Loan Interests
|
—
|
29,761,299
|
1,018,885
|
30,780,184
|
|
Foreign Agency Obligations
|
—
|
20,887,806
|
—
|
20,887,806
|
|
Municipal Bonds
|
—
|
4,828,025
|
—
|
4,828,025
|
|
Non-Agency Mortgage-Backed Securities
|
—
|
129,200,971
|
—
|
129,200,971
|
|
Preferred Securities
|
|
|
|
|
|
Capital Trusts
|
—
|
50,286,145
|
—
|
50,286,145
|
|
Preferred Stocks
|
2,505,000
|
—
|
27,056
|
2,532,056
|
|
U.S. Government Sponsored Agency Securities
|
—
|
141,527,351
|
—
|
141,527,351
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
4,437,972
|
—
|
—
|
4,437,972
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
42
|
—
|
42
|
|
Liabilities
|
|
|
|
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
(4,259
)
|
—
|
(4,259
)
|
|
|
$6,942,972
|
$1,136,596,326
|
$2,190,901
|
$1,145,730,199
|
|
Derivative Financial Instruments(b)
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Credit Contracts
|
$ —
|
$ 826,282
|
$ —
|
$ 826,282
|
|
Foreign Currency Exchange Contracts
|
—
|
68,531
|
—
|
68,531
|
|
Interest Rate Contracts
|
5,276,864
|
—
|
—
|
5,276,864
|
|
Liabilities
|
|
|
|
|
|
Credit Contracts
|
—
|
(988,926
)
|
—
|
(988,926
)
|
|
Foreign Currency Exchange Contracts
|
—
|
(115,294
)
|
—
|
(115,294
)
|
|
Interest Rate Contracts
|
(4,092,506
)
|
—
|
—
|
(4,092,506
)
|
|
|
$1,184,358
|
$(209,407
)
|
$—
|
$974,951
|
|
(a)
|
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation)
on the commitment.
|
|
(b)
|
Derivative financial instruments are swaps, futures contracts and forward foreign
currency exchange contracts. Swaps, futures contracts and forward foreign currency
exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument.
|
|
Currency Abbreviation
|
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
USD
|
United States Dollar
|
|
Portfolio Abbreviation
|
|
|
ABS
|
Asset-Backed Security
|
|
ARB
|
Airport Revenue Bonds
|
|
BAB
|
Build America Bond
|
|
BMO
|
BMO Capital Markets
|
|
Portfolio Abbreviation (continued)
|
|
|
CLO
|
Collateralized Loan Obligation
|
|
CME
|
Chicago Mercantile Exchange
|
|
CMT
|
Constant Maturity Treasury
|
|
CVR
|
Contingent Value Right
|
|
DAC
|
Designated Activity Company
|
|
DIP
|
Debtor-In-Possession
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
GMTN
|
Global Medium-Term Note
|
|
GO
|
General Obligation Bonds
|
|
MTA
|
Month Treasury Average
|
|
Portfolio Abbreviation (continued)
|
|
|
MTN
|
Medium-Term Note
|
|
PIK
|
Payment-in-Kind
|
|
RB
|
Revenue Bonds
|
|
REIT
|
Real Estate Investment Trust
|
|
REMIC
|
Real Estate Mortgage Investment Conduit
|
|
SAB
|
Special Assessment Bonds
|
|
SOFR
|
Secured Overnight Financing Rate
|