1
Portfolio
of
Investments
March
31,
2026
JGH
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
140.3%
(98.1%
of
Total
Investments)
ASSET-BACKED
SECURITIES
-
9.8%
(6.8%
of
Total
Investments)
–
$
625,000
(a)
AIMCO
CLO
18
Ltd,
Series
2022
18X,
(TSFR3M
+
2.850%),
Reg
S
7.175
%
07/20/37
$
625,624
625,000
(a),(b),(c)
Barings
CLO
Ltd
2026-I,
Series
2026
1A,
(TSFR3M
+
6.050%)
0.000
04/15/39
627,908
500,000
(b)
Cajun
Global
LLC,
Series
2025
2A
5.912
11/20/55
496,399
1,000,000
(b)
Cajun
Global
LLC,
Series
2025
2A
8.720
11/20/55
982,358
500,000
(a),(b),(c)
Carlyle
US
CLO
2026-3
Ltd,
Series
2026
3A,
(TSFR3M
+
6.000%)
0.000
04/15/39
501,250
2,520
(b)
Chase
Auto
Owner
Trust
2025-2,
Series
2025
2A
0.000
02/25/33
397,425
500,000
(a),(b)
CIFC
Funding
2020-III
Ltd,
Series
2020
3A,
(TSFR3M
+
4.800%)
8.468
10/20/38
488,732
500,000
(a),(b)
CIFC
Funding
Ltd,
Series
2025
7A,
(TSFR3M
+
4.750%)
8.452
01/22/39
488,107
2,500,000
(b)
Consolidated
Communications
LLC/Fidium
Fiber
Finance
Holdco
LLC,
Series
2025
4A
8.098
12/20/55
2,545,454
1,000,000
(b)
DataBank
Issuer,
Series
2026
1A
6.493
02/25/56
993,378
490,290
(b)
Elara
Hgv
Timeshare
Issuer
2025-A
LLC,
Series
2025
A
6.910
01/25/40
487,636
1,500,000
(b)
Flexential
Issuer
LLC,
Series
2025
1A
6.030
10/25/60
1,489,733
250,000
(a),(b)
Galaxy
32
CLO
Ltd,
Series
2023
32A,
(TSFR3M
+
5.850%)
9.523
01/20/39
243,692
500,000
(a),(b)
Goldentree
Loan
Management
US
Clo
8
Ltd,
Series
2020
8A,
(TSFR3M
+
2.900%)
6.568
10/20/34
499,100
1,315,000
(a),(b)
Gracie
Point
International
Funding
2025-1
LLC,
Series
2025
1A,
(SOFR30A
+
2.750%)
6.419
08/15/28
1,316,448
1,000,000
(a),(b)
Gracie
Point
International
Funding
2025-1
LLC,
Series
2025
1A,
(SOFR30A
+
4.500%)
8.169
08/15/28
999,465
500,000
(b)
Hertz
Vehicle
Financing
III
LLC,
Series
2025
6A
8.300
05/25/32
496,036
434,776
(b)
Hin
Timeshare
Trust,
Series
2025
B
7.580
05/15/45
437,092
652,164
(b)
Hin
Timeshare
Trust,
Series
2025
B
9.410
05/15/45
653,869
700,166
(b),(d)
Industrial
DPR
Funding
Ltd,
Series
2022
1A
5.380
04/15/34
628,370
500,000
(a),(b)
Invesco
US
CLO
2024-3
Ltd,
Series
2024
3A,
(TSFR3M
+
6.500%)
10.168
07/20/37
482,737
1,000,000
(b)
Lmdv
Issuer
Co
LLC,
Series
2025
1A
7.880
12/15/55
1,004,320
1,000,000
(b)
Lmrk
Issuer
Co
2
LLC,
Series
2025
1A
6.200
09/15/55
1,000,700
900,000
(b)
Lmrk
Issuer
Co
2
LLC,
Series
2025
1A
8.120
09/15/55
911,505
1,500,000
(a),(b)
Madison
Park
Funding
LI
Ltd,
Series
2021
51A,
(TSFR3M
+
2.900%)
6.784
10/19/38
1,487,466
335,000
(a),(b),(c)
Magnetite
LV
Ltd,
Series
2026
55A,
(TSFR3M
+
5.000%)
0.000
04/15/39
332,380
1,500,000
(b)
MetroNet
Infrastructure
Issuer
LLC,
Series
2026
1A
7.100
04/20/56
1,486,151
500,000
(b)
MetroNet
Infrastructure
Issuer
LLC,
Series
2025
2A
7.830
08/20/55
507,480
1,000,000
(b)
MetroNet
Infrastructure
Issuer
LLC,
Series
2025
4A
7.112
12/20/55
992,042
375,000
(a),(b),(c)
Neuberger
Berman
CLO
XXII
Ltd,
Series
2016
22A,
(TSFR3M
+
6.250%)
0.000
04/17/40
375,938
500,000
(a),(b)
Neuberger
Berman
Loan
Advisers
CLO
33
Ltd,
Series
2019
33A,
(TSFR3M
+
5.500%)
9.394
04/16/39
497,956
500,000
(a),(b)
Neuberger
Berman
Loan
Advisers
CLO
47
Ltd,
Series
2022
47A,
(TSFR3M
+
2.800%)
7.005
04/16/35
486,464
1,000,000
(a),(b)
Neuberger
Berman
Loan
Advisers
CLO
48
Ltd,
Series
2022
48A,
(TSFR3M
+
2.700%)
7.018
04/25/36
968,720
525,000
(b)
NMEF
Funding
2026-A
LLC,
Series
2026
A
6.730
02/15/34
520,733
500,000
(a),(b)
OCP
CLO
2017-14
Ltd,
Series
2017
14A,
(TSFR3M
+
6.550%)
10.434
07/20/37
495,303
250,000
(a),(b)
OCP
CLO
2018-15
Ltd,
Series
2018
15A,
(TSFR3M
+
2.750%)
6.418
01/20/38
249,479
250,000
(a),(b)
OCP
CLO
2024-31
Ltd,
Series
2026
31A,
(TSFR3M
+
4.950%)
8.618
04/20/39
247,693
500,000
(a)
OHA
Credit
Funding
10-R
Ltd,
Series
2021
10RX,
(TSFR3M
+
4.850%),
Reg
S
8.518
07/18/38
482,779
999,167
(b)
OHS
Issuer
LLC,
Series
2026
1
6.000
02/25/61
979,605
2,000,000
(b)
OHS
Issuer
LLC,
Series
2026
1
8.350
02/25/61
1,963,247
500,000
(a),(b)
Palmer
Square
CLO
2025-2
Ltd,
Series
2025
2A,
(TSFR3M
+
5.750%)
9.418
07/20/38
489,582
1,000,000
(b)
QTS
Issuer
ABS
II
LLC,
Series
2026
1A
6.729
01/05/56
989,708
2,000,000
(b)
Uniti
Fiber
Abs
Issuer
LLC,
Series
2025
2A
7.834
01/20/56
2,023,968
1,250,000
(b)
UNITK
2026-1A
A2,
Series
2026
1A
7.653
02/25/56
1,259,702
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ASSET-BACKED
SECURITIES
(continued)
$
1,000,000
(b)
VB-S1
Issuer
LLC,
Series
2026
1A
6.843
%
03/15/56
$
1,004,221
TOTAL
ASSET-BACKED
SECURITIES
(Cost
$36,777,458)
36,637,955
SHARES
DESCRIPTION
VALUE
729618
COMMON
STOCKS
-
0.2%
(0.1%
of
Total
Investments)
729618
TELECOMMUNICATION
SERVICES
-
0.0%
6,134
(e)
Altice
France
Lux
3
102,096
TOTAL
TELECOMMUNICATION
SERVICES
102,096
TRANSPORTATION
-
0.2%
44,791
(e)
Grupo
Aeromexico
SAB
de
C.V.
(ADR)
627,522
TOTAL
TRANSPORTATION
627,522
TOTAL
COMMON
STOCKS
(Cost
$945,603)
729,618
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
319851331
CORPORATE
BONDS
-
85.3%
(59.6%
of
Total
Investments)
(f)
319851331
AUTOMOBILES
&
COMPONENTS
-
2.3%
3,000,000
(b)
Dealer
Tire
LLC
/
DT
Issuer
LLC
8.000
02/01/28
2,917,345
1,370,000
(b)
Dornoch
Debt
Merger
Sub
Inc
6.625
10/15/29
1,217,694
2,815,000
(b)
IHO
Verwaltungs
GmbH
8.000
11/15/32
2,883,768
500,000
(b)
Nemak
SAB
de
CV
3.625
06/28/31
425,684
1,250,000
(b)
ZF
North
America
Capital
Inc
7.500
03/24/31
1,227,894
TOTAL
AUTOMOBILES
&
COMPONENTS
8,672,385
BANKS
-
8.6%
875,000
(b),(g)
Access
Bank
PLC
6.125
09/21/26
870,608
1,400,000
(h),(i)
Banco
Bilbao
Vizcaya
Argentaria
SA
9.375
N/A
1,512,533
475,000
(b),(i)
Banco
Davivienda
SA
8.125
07/02/35
480,700
400,000
(b),(h),(i)
Banco
de
Credito
e
Inversiones
SA
8.750
N/A
420,452
1,000,000
(b),(h),(i)
Banco
del
Estado
de
Chile
7.950
N/A
1,052,610
1,975,000
(b),(h),(i)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
8.375
N/A
2,044,125
1,125,000
(b),(h),(i)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
8.750
N/A
1,171,629
3,000,000
(h),(i)
Banco
Santander
SA
9.625
N/A
3,464,019
800,000
(i)
Bancolombia
SA
8.625
12/24/34
838,908
1,475,000
(h),(i)
Barclays
PLC
8.000
N/A
1,526,269
1,000,000
(b),(i)
BBVA
Mexico
SA
Institucion
De
Banca
Multiple
Grupo
Financiero
BBVA
Mexico/TX
8.450
06/29/38
1,075,325
3,560,000
(b),(h),(i)
BNP
Paribas
SA
7.450
N/A
3,573,472
2,000,000
(a),(h),(j)
Fifth
Third
Bancorp
(TSFR3M
+
3.295%)
6.994
N/A
1,991,641
1,500,000
(a),(h),(j)
First
Citizens
BancShares
Inc/NC
(TSFR3M
+
4.234%)
7.908
N/A
1,507,979
1,050,000
(b)
Grupo
Aval
Ltd
4.375
02/04/30
981,170
1,500,000
(h),(i)
ING
Groep
NV,
Reg
S
7.500
N/A
1,533,331
1,500,000
(h),(i)
Lloyds
Banking
Group
PLC
8.000
N/A
1,574,340
1,400,000
(h),(i)
NatWest
Group
PLC
8.125
N/A
1,515,538
500,000
(b),(h),(j)
NBK
Tier
1
Ltd
3.625
N/A
491,186
1,800,000
(b),(h),(i)
Societe
Generale
SA
7.125
N/A
1,730,335
1,000,000
(b),(h),(i)
Societe
Generale
SA
10.000
N/A
1,080,101
1,000,000
(b),(j)
Turkiye
Garanti
Bankasi
AS
7.625
04/15/36
975,558
1,000,000
(b),(g),(j)
Yapi
ve
Kredi
Bankasi
AS
9.250
01/17/34
1,020,485
TOTAL
BANKS
32,432,314
CAPITAL
GOODS
-
3.0%
1,300,000
(b)
Alta
Equipment
Group
Inc
9.000
06/01/29
1,152,072
2,500,000
(b)
Camelot
Return
Merger
Sub
Inc
8.750
08/01/28
1,461,105
2,000,000
(b)
Columbus
McKinnon
Corp/NY
7.125
01/31/33
1,999,080
600,000
(b)
Cornerstone
Building
Brands
Inc
9.500
08/15/29
354,842
369,673
(b)
CP
Atlas
Buyer
Inc,
(cash
7.000%,
PIK
5.750%)
12.750
01/15/31
285,336
500,000
(b)
IHS
Holding
Ltd
6.250
11/29/28
495,451
1,250,000
(b),(g)
IHS
Holding
Ltd
8.250
11/29/31
1,282,509
2,750,000
(b),(j)
ILFC
E-Capital
Trust
I
6.270
12/21/65
2,334,425
640,000
(b)
New
Flyer
Holdings
Inc
9.250
07/01/30
684,058
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL
GOODS
(continued)
$
925,000
(b)
Sisecam
UK
PLC
8.625
%
05/02/32
$
933,035
500,000
(b)
Sisecam
UK
PLC
8.375
01/23/33
496,202
TOTAL
CAPITAL
GOODS
11,478,115
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.9%
3,600,000
(b)
Garda
World
Security
Corp
8.375
11/15/32
3,602,444
1,675,000
(b)
Neptune
Bidco
US
Inc
9.290
04/15/29
1,679,653
1,750,000
(b)
RR
Donnelley
&
Sons
Co
9.500
08/01/29
1,771,357
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
7,053,454
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
2.7%
545,000
(b)
Gee
Automotive
Holdings
LLC
7.250
03/01/31
546,669
1,000,000
Kohl's
Corp
5.125
05/01/31
752,639
2,000,000
(b)
Kohl's
Corp
10.000
06/01/30
2,114,844
1,000,000
(b)
LBM
Acquisition
LLC
9.500
06/15/31
870,447
1,040,000
(b)
Michaels
Cos
Inc/The
11.000
03/15/34
968,450
1,525,000
(b)
Michaels
Cos
Inc/The
8.500
03/15/33
1,484,578
1,500,000
(b)
Park
River
Holdings
Inc
8.000
03/15/31
1,493,073
1,000,000
(b)
PetSmart
Inc
/
PetSmart
Finance
Corp
10.000
09/15/33
997,703
1,000,000
(b)
Staples
Inc
10.750
09/01/29
924,819
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
10,153,222
CONSUMER
DURABLES
&
APPAREL
-
2.2%
4,427,004
(b)
Beach
Acquisition
Bidco
LLC,
(cash
10.00%,
PIK
10.750%)
10.000
07/15/33
4,714,836
1,500,000
(b)
CD&R
Smokey
Buyer
Inc
/
Radio
Systems
Corp
9.500
10/15/29
1,275,924
1,500,000
Newell
Brands
Inc
7.000
04/01/46
1,203,610
1,200,000
(b)
S&S
Holdings
LLC
8.375
10/01/31
1,058,452
TOTAL
CONSUMER
DURABLES
&
APPAREL
8,252,822
CONSUMER
SERVICES
-
1.4%
1,900,000
(b)
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
6.750
01/15/30
1,774,700
2,000,000
(b)
Merlin
Entertainments
Group
US
Holdings
Inc
7.375
02/15/31
1,669,143
500,000
(b)
Motion
Bondco
DAC
6.625
11/15/27
478,609
1,420,000
(b)
Motion
Finco
Sarl
8.375
02/15/32
1,173,119
TOTAL
CONSUMER
SERVICES
5,095,571
ENERGY
-
14.5%
750,000
(b)
Azule
Energy
Finance
Plc
8.125
01/23/30
757,520
475,000
(b)
Azule
Energy
Finance
Plc
8.625
01/22/33
477,749
1,665,000
(b)
CVR
Energy
Inc
7.500
02/15/31
1,677,433
1,000,000
(b)
Delek
Logistics
Partners
LP
/
Delek
Logistics
Finance
Corp
7.375
06/30/33
1,008,267
1,500,000
(g)
Ecopetrol
SA
8.875
01/13/33
1,578,791
1,000,000
(g)
Ecopetrol
SA
5.875
11/02/51
703,705
280,000
Ecopetrol
SA
8.375
01/19/36
283,884
500,000
(g)
Ecopetrol
SA
7.750
02/01/32
504,932
2,000,000
(j)
Enbridge
Inc
8.500
01/15/84
2,250,154
2,351,000
(b)
Energean
Israel
Finance
Ltd,
Reg
S
5.875
03/30/31
2,182,309
485,000
(b)
Energean
Israel
Finance
Ltd,
Reg
S
8.500
09/30/33
497,974
1,250,000
(b)
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
7.250
02/15/35
1,246,143
1,000,000
(b)
Indika
Energy
Tbk
PT
8.750
05/07/29
987,847
645,000
(b)
Infinity
Natural
Resources
LLC
7.625
04/01/31
648,406
2,000,000
(b)
ITT
Holdings
LLC
6.500
08/01/29
1,944,676
725,000
(b)
Kosmos
Energy
Ltd
8.750
10/01/31
632,345
1,250,000
(b)
Leviathan
Bond
Ltd,
Reg
S
6.500
06/30/27
1,247,670
500,000
(b)
Medco
Laurel
Tree
Pte
Ltd
6.950
11/12/28
497,969
1,000,000
(b),(g)
Medco
Maple
Tree
Pte
Ltd
8.960
04/27/29
1,027,295
1,500,000
(b)
Moss
Creek
Resources
Holdings
Inc
8.250
09/01/31
1,499,069
2,000,000
(b)
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
7.875
09/15/30
2,053,824
980,000
Petrobras
Global
Finance
BV
6.900
03/19/49
942,264
600,000
(b)
Petroleos
del
Peru
SA
4.750
06/19/32
475,500
950,000
(g)
Petroleos
MexicanosA1
6.625
06/15/35
885,343
5,871,000
(g)
Petroleos
Mexicanos
6.700
02/16/32
5,745,832
1,300,000
Petroleos
Mexicanos
6.375
01/23/45
1,023,994
3,000,000
(a),(h),(j)
Plains
All
American
Pipeline
LP
(TSFR3M
+
4.372%)
8.024
N/A
2,993,009
750,000
(b)
Raizen
Fuels
Finance
SA
5.700
01/17/35
410,625
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
(continued)
$
1,275,000
(b)
SIERRACOL
EN
AND/ARA/DEV
9.000
%
11/14/30
$
1,268,625
3,570,000
(b),(h),(j)
Sunoco
LP
7.875
N/A
3,645,063
1,500,000
(b)
TransMontaigne
Partners
LLC
8.500
06/15/30
1,516,412
1,000,000
(b)
Transocean
International
Ltd
7.875
10/15/32
1,068,500
1,500,000
(b)
Transportadora
de
Gas
del
Sur
SA
7.750
11/20/35
1,521,330
1,000,000
(b)
Venture
Global
LNG
Inc
9.875
02/01/32
1,073,988
6,000,000
(b),(h),(j)
Venture
Global
LNG
Inc
9.000
N/A
5,976,277
2,500,000
(b)
YPF
SA
8.250
01/17/34
2,546,601
TOTAL
ENERGY
54,801,325
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
2.0%
1,000,000
(b)
Diversified
Healthcare
Trust
7.250
10/15/30
1,008,593
2,000,000
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
5.000
10/15/27
1,861,670
1,515,000
(b)
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
8.500
02/15/32
1,535,925
1,000,000
(b)
Office
Properties
Income
Trust
9.000
03/31/29
1,005,000
2,000,000
(b)
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
6.500
02/15/29
1,942,477
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
7,353,665
FINANCIAL
SERVICES
-
7.1%
490,000
(b)
Burford
Capital
Global
Finance
LLC
8.500
01/15/34
420,773
1,000,000
(b)
Compass
Group
Diversified
Holdings
LLC
5.250
04/15/29
929,984
4,000,000
(b),(h),(j)
Compeer
Financial
ACA
7.875
N/A
4,080,000
1,500,000
(d)
Credit
Suisse
Group
AG
7.500
01/17/72
510,000
EUR
2,000,000
(h),(i)
Deutsche
Bank
AG,
Reg
S
7.125
N/A
2,355,164
2,085,000
(b)
Encore
Capital
Group
Inc
6.625
04/15/31
2,074,575
1,500,000
(b)
Freedom
Mortgage
Holdings
LLC
8.375
04/01/32
1,475,541
2,026,000
(j)
HA
Sustainable
Infrastructure
Capital
Inc
8.000
06/01/56
2,096,468
2,735,000
(j)
HA
Sustainable
Infrastructure
Capital
Inc
7.125
11/15/56
2,721,951
1,000,000
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
9.750
01/15/29
983,152
1,750,000
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
9.000
06/15/30
1,641,159
1,230,000
(b)
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
10.000
11/15/29
1,211,732
500,000
(b)
Starwood
Property
Trust
Inc
6.500
10/15/30
507,107
3,030,000
(b),(h),(i)
UBS
Group
AG
9.250
N/A
3,412,504
3,000,000
(b),(g)
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding
Inc
6.375
02/01/30
2,590,825
TOTAL
FINANCIAL
SERVICES
27,010,935
FOOD,
BEVERAGE
&
TOBACCO
-
2.3%
515,000
(b)
Arcor
SAIC
7.600
07/31/33
525,032
1,500,000
(b)
Fiesta
Purchaser
Inc
9.625
09/15/32
1,527,706
1,000,000
(b)
Grupo
Nutresa
SA
9.000
05/12/35
1,112,100
1,500,000
(b),(h),(j)
Land
O'
Lakes
Inc
8.000
N/A
1,476,972
1,000,000
(b),(h),(j)
Land
O'
Lakes
Inc
7.000
N/A
882,500
500,000
(b)
Minerva
Luxembourg
SA
8.875
09/13/33
534,335
2,930,000
(b)
Viking
Baked
Goods
Acquisition
Corp
8.625
11/01/31
2,899,277
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
8,957,922
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
4.7%
1,000,000
(b)
Auna
SA
/
Oncosalud
SAC
8.750
11/06/32
1,005,000
1,924,000
(b)
CHS/Community
Health
Systems
Inc
10.875
01/15/32
2,064,185
1,900,000
(j)
DENTSPLY
SIRONA
Inc
8.375
09/12/55
1,855,406
1,700,000
(b)
National
Mentor
Holdings
Inc
10.500
12/15/30
1,754,701
2,520,000
(b)
Prime
Healthcare
Services
Inc
9.375
09/01/29
2,613,240
2,475,453
(b)
Radiology
Partners
Inc,
(cash
9.781%,
PIK
9.781%)
9.781
02/15/30
2,260,757
2,630,000
(b)
Radiology
Partners
Inc
8.500
07/15/32
2,666,478
1,500,000
(b)
Star
Parent
Inc
9.000
10/01/30
1,554,002
57,515
(b)
Team
Health
Holdings
Inc,
(cash
9.000%,
PIK
4.500%)
9.000
06/30/28
59,528
1,500,000
(b)
US
Acute
Care
Solutions
LLC
9.750
05/15/29
1,449,073
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
17,282,370
INSURANCE
-
4.2%
3,625,000
(b)
APH
Somerset
Investor
2
LLC
/
APH2
Somerset
Investor
2
LLC
/
APH3
Somerset
Inves
7.875
11/01/29
3,277,979
3,250,000
(b),(g)
Ardonagh
Group
Finance
Ltd
8.875
02/15/32
3,184,228
1,000,000
(b)
Asurion
LLC/
Asurion
Co-Issuer
Inc
8.000
12/31/32
1,037,448
2,000,000
(b)
Asurion
LLC/
Asurion
Co-Issuer
Inc
8.375
02/01/34
1,941,725
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE
(continued)
$
417,000
(a),(b)
Bonanza
RE
Ltd
(3-Month
U.S.
Treasury
Bill
+
–%)
3.607
%
01/08/27
$
353,241
2,685,000
(b),(j)
Enstar
Group
Ltd
7.500
04/01/45
2,759,238
420,000
(a),(b)
Integrity
RE
III
Ltd
(
+
2.500%)
6.010
06/07/29
419,370
250,000
(a),(b)
MEADOWS
LTD
(3-Month
U.S.
Treasury
Bill
+
7.500%)
11.362
12/07/29
247,275
500,000
(b)
Panther
Escrow
Issuer
LLC
7.125
06/01/31
501,680
1,000,000
(b),(h),(j)
SBL
Holdings
Inc
9.508
N/A
975,103
1,000,000
(b),(h),(j)
SBL
Holdings
Inc
6.500
N/A
825,901
TOTAL
INSURANCE
15,523,188
MATERIALS
-
3.5%
500,000
(b)
Alpek
SAB
de
CV
3.250
02/25/31
419,499
2,300,000
(b)
Clydesdale
Acquisition
Holdings
Inc
8.750
04/15/30
2,146,070
1,660,000
(b)
Compass
Minerals
International
Inc
8.000
07/01/30
1,717,795
300,000
(b)
First
Quantum
Minerals
Ltd
8.625
06/01/31
311,053
300,000
(b)
LD
Celulose
International
GmbH
7.950
01/26/32
308,301
2,000,000
(b),(g)
Limak
Cimento
Sanayi
ve
Ticaret
AS
9.750
07/25/29
1,968,158
750,000
(b)
Orbia
Advance
Corp
SAB
de
CV
7.500
05/13/35
714,819
1,500,000
Sasol
Financing
USA
LLC
5.500
03/18/31
1,352,963
925,000
(b),(c)
Sasol
Financing
USA
LLC
8.750
04/10/33
919,542
1,000,000
(b)
Volcan
Cia
Minera
SAA
8.500
10/28/32
1,013,900
2,000,000
(b)
WR
Grace
Holdings
LLC
5.625
08/15/29
1,839,439
TOTAL
MATERIALS
12,711,539
MEDIA
&
ENTERTAINMENT
-
4.3%
1,893,540
(b)
Advantage
Sales
&
Marketing
Inc
9.000
11/15/30
1,405,953
1,715,000
(b)
Directv
Financing
LLC
8.875
02/01/30
1,711,185
1,750,000
(b)
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor
Inc
10.000
02/15/31
1,786,451
1,250,000
(b)
EW
Scripps
Co/The
9.875
08/15/30
1,213,466
1,500,000
(b)
Gray
Media
Inc
7.250
08/15/33
1,511,506
1,000,000
Grupo
Televisa
SAB
6.125
01/31/46
709,630
825,000
(b)
Neptune
Bidco
US
Inc
10.375
05/15/31
832,432
500,000
(b)
Neptune
Bidco
US
Inc
9.500
02/15/33
485,119
1,335,000
(b),(c)
OAK-Eagle
Acquireco
Inc
7.250
07/01/33
1,383,186
335,000
(b),(c)
OAK-Eagle
Acquireco
Inc
8.750
07/01/34
350,709
500,000
(b)
Sirius
XM
Radio
LLC
4.125
07/01/30
468,164
3,530,000
(b),(g)
Univision
Communications
Inc
7.375
06/30/30
3,459,117
650,000
(b)
Univision
Communications
Inc
9.375
08/01/32
669,900
TOTAL
MEDIA
&
ENTERTAINMENT
15,986,818
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
1.8%
2,506,000
(b)
1261229
BC
Ltd
10.000
04/15/32
2,565,753
1,250,000
(b)
Bausch
Health
Americas
Inc
8.500
01/31/27
1,238,125
508,000
(b)
Bausch
Health
Cos
Inc
11.000
09/30/28
518,180
1,200,000
(b)
Emergent
BioSolutions
Inc
3.875
08/15/28
1,012,526
800,000
(b)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
7.875
05/15/34
658,642
1,000,000
(b)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
5.125
04/30/31
814,990
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,808,216
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0.3%
1,250,000
Arabian
Centres
Sukuk
IV
Ltd,
Reg
S
8.875
12/04/30
1,244,455
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
1,244,455
SOFTWARE
&
SERVICES
-
1.7%
1,500,000
(b)
Cloud
Software
Group
Inc
8.250
06/30/32
1,422,652
2,000,000
(b)
CoreWeave
Inc
9.250
06/01/30
1,943,319
2,500,000
(b)
McAfee
Corp
7.375
02/15/30
2,065,478
500,000
(b)
Open
Text
Corp
3.875
12/01/29
446,827
1,022,875
(b)
Rackspace
Finance
LLC
3.500
05/15/28
506,323
TOTAL
SOFTWARE
&
SERVICES
6,384,599
TELECOMMUNICATION
SERVICES
-
7.4%
270,579
(b)
Altice
France
Lux
3
/
Altice
Holdings
1
9.500
11/01/29
273,404
750,000
(b)
Altice
France
Lux
3
/
Altice
Holdings
1
10.000
01/15/33
681,621
4,226,272
(b)
Altice
France
SA
6.500
04/15/32
4,004,325
665,000
(b),(g)
C&W
Senior
Finance
Ltd
9.000
01/15/33
671,756
3,450,000
(b)
Connect
Holding
II
LLC
10.500
04/03/31
3,429,018
1,500,000
(b)
Iliad
Holding
SAS
8.500
04/15/31
1,569,469
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TELECOMMUNICATION
SERVICES
(continued)
$
2,345,000
(b)
Level
3
Financing
Inc
8.500
%
01/15/36
$
2,446,800
1,300,000
(b),(g)
Liberty
Costa
Rica
Senior
Secured
Finance
10.875
01/15/31
1,368,250
525,000
(b)
Millicom
International
Cellular
SA
7.375
04/02/32
531,530
1,526,000
(j)
Rogers
Communications
Inc
7.125
04/15/55
1,561,538
200,000
(b)
Sable
International
Finance
Ltd
7.125
10/15/32
197,555
1,500,000
(b)
Telesat
Canada
/
Telesat
LLC
5.625
12/06/26
1,192,500
1,600,000
(b)
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
8.625
06/15/32
1,629,577
960,000
(b)
Windstream
Services
LLC
7.500
10/15/33
998,066
1,000,000
(b)
Windstream
Services
LLC
/
Windstream
Escrow
Finance
Corp
8.250
10/01/31
1,045,157
2,921,891
(b)
Zayo
Group
Holdings
Inc
9.250
03/09/30
2,904,769
3,159,470
(b)
Zayo
Group
Holdings
Inc
13.750
09/09/30
2,950,882
TOTAL
TELECOMMUNICATION
SERVICES
27,456,217
TRANSPORTATION
-
1.2%
1,000,000
(b)
Grupo
Aeromexico
SAB
de
CV
8.625
11/15/31
960,000
750,000
(b)
Latam
Airlines
Group
SA
7.875
04/15/30
757,500
1,000,000
(b)
Transnet/South
Africa
8.250
02/06/28
1,034,930
1,475,000
(b),(g)
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding
Inc
9.500
06/01/28
1,440,997
TOTAL
TRANSPORTATION
4,193,427
UTILITIES
-
8.2%
600,000
(b),(j)
AES
Andes
SA
8.150
06/10/55
629,817
1,667,000
(j)
AES
Corp/The
7.600
01/15/55
1,653,527
2,047,000
(b),(j)
AltaGas
Ltd
7.200
10/15/54
2,075,611
470,375
(b)
Continuum
Green
Energy
India
Pvt
/
Co-Issuers
7.500
06/26/33
464,038
500,000
(b)
ContourGlobal
Power
Holdings
SA
6.750
02/28/30
505,620
400,000
(b)
Empresa
de
Transmision
Electrica
SA
5.125
05/02/49
312,136
1,400,000
(b),(g)
Eskom
Holdings
6.350
08/10/28
1,407,473
2,500,000
(j)
EUSHI
Finance
Inc
7.625
12/15/54
2,580,425
2,800,000
(b)
Ferrellgas
LP
/
Ferrellgas
Finance
Corp
5.875
04/01/29
2,676,794
1,250,000
(b)
Long
Ridge
Energy
LLC
8.750
02/15/32
1,311,391
1,500,000
(b),(h),(j)
NRG
Energy
Inc
10.250
N/A
1,618,081
1,000,000
(b)
Pampa
Energia
SA
7.875
12/16/34
1,032,650
3,360,000
(j)
PG&E
Corp
7.375
03/15/55
3,381,552
1,500,000
(b)
Saavi
Energia
Sarl
8.875
02/10/35
1,574,100
275,000
(b)
Trinidad
Generation
UnLtd
7.750
06/16/33
287,117
529,191
(b)
UEP
Penonome
II
SA2020
1
6.500
10/01/38
469,710
4,000,000
(b),(h),(j)
Vistra
Corp
8.875
N/A
4,312,064
2,000,000
(b)
VoltaGrid
LLC
7.375
11/01/30
2,065,618
2,500,000
(b)
XPLR
Infrastructure
Operating
Partners
LP
8.625
03/15/33
2,641,048
TOTAL
UTILITIES
30,998,772
TOTAL
CORPORATE
BONDS
(Cost
$322,241,382)
319,851,331
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
-
4.0%
(2.8%
of
Total
Investments)
–
850,000
(a)
Benchmark
2018-B4
Mortgage
Trust,
Series
2018
B4
4.513
07/15/51
730,769
1,500,000
(a)
Benchmark
2019-B14
Mortgage
Trust,
Series
2019
B14
3.761
12/15/62
1,066,984
2,100,000
(a),(b)
BX
Commercial
Mortgage
Trust
2024-BRBK,
Series
2024
BRBK,
(TSFR1M
+
5.971%)
9.705
10/15/41
2,100,203
725,000
(a),(b)
BX
Trust,
Series
2025
DELC,
(TSFR1M
+
3.050%)
6.723
12/15/42
724,487
1,000,000
(a),(b)
CIP
Commercial
Mortgage
Trust
2025-SBAY,
Series
2025
SBAY,
(TSFR1M
+
3.750%)
7.850
10/15/37
999,770
1,800,000
(a),(b)
Freddie
Mac
STACR
REMIC
Trust
2023-DNA2,
Series
2023
DNA2,
(SOFR30A
+
7.600%)
11.262
04/25/43
2,002,627
1,500,000
(a),(b)
Freddie
Mac
STACR
Trust
2019-HQA2,
Series
2019
HQA2,
(SOFR30A
+
11.364%)
15.436
04/25/49
1,765,197
2,000,000
(a),(b)
ILPT
Commercial
Mortgage
Trust
2025-LPF2,
Series
2025
LPF2
8.199
07/13/42
2,044,439
1,250,000
(a),(b)
MFT
Trust
2020-ABC,
Series
2020
ABC
3.593
02/10/42
895,088
1,560,000
(a),(b)
MTN
Commercial
Mortgage
Trust
2022-LPFL,
Series
2022
LPFL,
(TSFR1M
+
5.285%)
9.605
03/15/39
1,558,116
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
871,375
(a),(b)
Santander
Bank
Mortgage
Credit-Linked
Notes,
Series
2023
MTG1,
(SOFR30A
+
4.900%)
9.256
%
02/26/52
$
1,000,451
TOTAL
MORTGAGE-BACKED
SECURITIES
(Cost
$14,910,867)
14,888,131
SHARES
DESCRIPTION
RATE
VALUE
4201860
PREFERRED
STOCK
-
1.1%
(0.8%
of
Total
Investments)
4201860
BANKS
-
0.3%
43,200
Wintrust
Financial
Corp
7.875
1,113,264
TOTAL
BANKS
1,113,264
FINANCIAL
SERVICES
-
0.2%
33,625
Synchrony
Financial
8.250
846,678
TOTAL
FINANCIAL
SERVICES
846,678
INSURANCE
-
0.6%
102,091
Enstar
Group
Ltd
7.000
2,241,918
TOTAL
INSURANCE
2,241,918
TOTAL
PREFERRED
STOCK
(Cost
$3,956,117)
4,201,860
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
69460699
SOVEREIGN
DEBT
-
18.5%
(13.0%
of
Total
Investments)
69460699
ANGOLA
-
0.6%
1,500,000
(b)
Angolan
Government
International
Bond
8.250
05/09/28
1,512,911
900,000
(b)
Angolan
Government
International
Bond
8.000
11/26/29
888,572
TOTAL
ANGOLA
2,401,483
ARGENTINA
-
2.4%
954,000
Argentine
Republic
Government
International
Bond
0.750
07/09/30
797,544
6,550,000
Argentine
Republic
Government
International
Bond
4.125
07/09/35
4,716,000
3,025,000
Argentine
Republic
Government
International
Bond
5.000
01/09/38
2,273,288
2,200,000
Argentine
Republic
Government
International
Bond
2.500
07/09/41
1,464,100
TOTAL
ARGENTINA
9,250,932
BARBADOS
-
0.5%
1,950,000
(b)
Barbados
Government
International
Bond
8.000
06/26/35
1,974,531
TOTAL
BARBADOS
1,974,531
BENIN
-
0.9%
EUR
1,050,000
(b)
Benin
Government
International
Bond
4.950
01/22/35
1,064,993
1,475,000
(b)
Benin
Government
International
Bond
7.960
02/13/38
1,447,056
925,000
(b)
Benin
Government
International
Bond
8.375
01/23/41
911,843
TOTAL
BENIN
3,423,892
BRAZIL
-
0.3%
1,000,000
(g)
Brazilian
Government
International
Bond
7.125
05/13/54
980,690
TOTAL
BRAZIL
980,690
COLOMBIA
-
1.2%
EUR
1,515,000
Colombia
Government
International
Bond
5.000
09/19/32
1,651,271
1,400,000
Colombia
Government
International
Bond
5.625
02/26/44
1,104,054
700,000
(g)
Colombia
Government
International
Bond
8.750
11/14/53
751,065
1,000,000
(g)
Colombia
Government
International
Bond
7.750
11/07/36
1,021,950
TOTAL
COLOMBIA
4,528,340
COTE
D'IVOIRE
-
1.0%
750,000
(b)
Ivory
Coast
Government
International
Bond
6.125
06/15/33
705,593
EUR
1,625,000
(b)
Ivory
Coast
Government
International
Bond
6.875
10/17/40
1,765,280
1,000,000
(b)
Ivory
Coast
Government
International
Bond
8.075
04/01/36
1,015,279
TOTAL
COTE
D'IVOIRE
3,486,152
DOMINICAN
REPUBLIC
-
0.2%
1,000,000
(b)
Dominican
Republic
International
Bond
6.150
05/17/38
945,550
TOTAL
DOMINICAN
REPUBLIC
945,550
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ECUADOR
-
1.2%
$
1,596,475
(b)
Ecuador
Government
International
Bond
6.900
%
07/31/35
$
1,405,185
88,000
(b)
Ecuador
Government
International
Bond
5.000
07/31/40
68,860
1,150,000
(b)
Ecuador
Government
International
Bond
9.250
01/29/39
1,127,000
1,850,000
(b)
Ecuador
Government
International
Bond
8.750
01/29/34
1,813,000
TOTAL
ECUADOR
4,414,045
EGYPT
-
1.4%
1,225,000
(b)
Egypt
Government
International
Bond
8.625
02/04/30
1,266,409
2,300,000
(b),(g)
Egypt
Government
International
Bond
7.053
01/15/32
2,171,566
2,075,000
(b),(g)
Egypt
Government
International
Bond
8.500
01/31/47
1,789,614
TOTAL
EGYPT
5,227,589
EL
SALVADOR
-
0.4%
1,825,000
(b),(g)
El
Salvador
Government
International
Bond
7.125
01/20/50
1,525,518
TOTAL
EL
SALVADOR
1,525,518
GHANA
-
0.2%
1,125,000
(b)
Ghana
Government
International
Bond
5.000
07/03/35
958,137
TOTAL
GHANA
958,137
HONDURAS
-
0.4%
1,300,000
(b),(g)
Honduras
Government
International
Bond
8.625
11/27/34
1,457,027
TOTAL
HONDURAS
1,457,027
JORDAN
-
0.4%
1,500,000
(b)
Jordan
Government
International
Bond
5.750
11/12/32
1,443,593
TOTAL
JORDAN
1,443,593
KENYA
-
0.3%
1,000,000
(b),(g)
Republic
of
Kenya
Government
International
Bond
9.500
03/05/36
977,391
TOTAL
KENYA
977,391
NIGERIA
-
1.1%
1,425,000
(b),(g)
Nigeria
Government
International
Bond
10.375
12/09/34
1,632,452
1,000,000
(b)
Nigeria
Government
International
Bond
8.631
01/13/36
1,041,882
1,425,000
(b),(g)
Nigeria
Government
International
Bond
7.875
02/16/32
1,443,066
TOTAL
NIGERIA
4,117,400
ROMANIA
-
0.5%
EUR
1,050,000
(b)
Romanian
Government
International
Bond
2.000
04/14/33
954,419
1,000,000
(b)
Romanian
Government
International
Bond
7.500
02/10/37
1,055,698
TOTAL
ROMANIA
2,010,117
RWANDA
-
0.6%
2,450,000
(b),(g)
Rwanda
International
Government
Bond
5.500
08/09/31
2,190,161
TOTAL
RWANDA
2,190,161
SENEGAL
-
0.5%
2,100,000
(b)
Senegal
Government
International
Bond
6.250
05/23/33
1,113,298
1,325,000
(b)
Senegal
Government
International
Bond
6.750
03/13/48
670,424
TOTAL
SENEGAL
1,783,722
SOUTH
AFRICA
-
1.1%
1,400,000
Republic
of
South
Africa
Government
International
Bond
5.000
10/12/46
1,007,683
1,475,000
(g)
Republic
of
South
Africa
Government
International
Bond
7.300
04/20/52
1,362,211
1,500,000
(b),(g)
Republic
of
South
Africa
Government
International
Bond
7.100
11/19/36
1,532,122
TOTAL
SOUTH
AFRICA
3,902,016
SRI
LANKA
-
0.5%
2,500,000
(b)
Sri
Lanka
Government
International
Bond
3.600
06/15/35
1,887,187
TOTAL
SRI
LANKA
1,887,187
TURKEY
-
1.7%
EUR
850,000
Turkiye
Government
International
Bond
5.200
08/17/31
980,652
1,225,000
Turkiye
Government
International
Bond
6.000
01/14/41
1,015,715
1,375,000
Turkiye
Government
International
Bond
4.875
04/16/43
966,218
1,500,000
Turkiye
Government
International
Bond
6.500
09/20/33
1,428,637
2,225,000
(g)
Turkiye
Government
International
Bond
7.625
05/15/34
2,263,594
TOTAL
TURKEY
6,654,816
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UKRAINE
-
0.2%
$
479,899
(b)
Ukraine
Government
International
Bond
4.500
%
02/01/29
$
335,929
617,307
(b)
Ukraine
Government
International
Bond
0.000
02/01/35
282,727
131,089
(b)
Ukraine
Government
International
Bond
0.000
02/01/36
59,908
TOTAL
UKRAINE
678,564
UZBEKISTAN
-
0.6%
1,075,000
(b)
Republic
of
Uzbekistan
International
Bond
5.375
02/20/29
1,060,451
1,150,000
(b)
Republic
of
Uzbekistan
International
Bond
3.900
10/19/31
1,038,067
TOTAL
UZBEKISTAN
2,098,518
ZAMBIA
-
0.3%
1,219,678
(b),(g)
Zambia
Government
International
Bond
5.750
06/30/33
1,143,328
TOTAL
ZAMBIA
1,143,328
TOTAL
SOVEREIGN
DEBT
(Cost
$69,203,451)
69,460,699
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
80435783
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
21.4%
(15.0%
of
Total
Investments)
80435783
AUTOMOBILES
&
COMPONENTS
-
0.5%
1,990,000
(a)
Clarios
Global
LP,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.418
01/28/32
1,987,513
TOTAL
AUTOMOBILES
&
COMPONENTS
1,987,513
CAPITAL
GOODS
-
1.5%
2,000,000
(a),(c)
TK
Elevator
US
Newco
Inc,
(TBD)
TBD
TBD
2,005,420
882,039
(a)
TransDigm,
Inc.,
Term
Loan
J,
(TSFR1M
+
2.500%)
6.168
02/28/31
883,151
2,949,997
(a)
Windsor
Holdings
III,
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.418
08/01/30
2,912,207
TOTAL
CAPITAL
GOODS
5,800,778
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
2.1%
2,985,000
(a)
Allied
Universal
Holdco
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.918
08/20/32
2,988,731
1,994,962
(a)
Archkey
Solutions
LLC,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.700
11/03/31
1,998,713
2,000,000
(a)
Dayforce,
Inc.,
Term
Loan,
(TSFR3M
+
3.000%)
6.663
02/04/33
1,897,220
1,275,379
(a)
WIN
Waste
Innovations
Holdings,
Inc.,
First
Lien
Term
Loan,
(TSFR1M
+
3.250%)
7.032
03/27/28
1,282,157
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
8,166,821
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
1.3%
1,871,500
(a)
Johnstone
Supply
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.918
06/09/31
1,861,852
3,000,000
(a)
PetSmart,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.000%)
7.675
08/18/32
2,985,750
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
4,847,602
CONSUMER
DURABLES
&
APPAREL
-
0.6%
2,367,142
(a)
Varsity
Brands,
Inc.,
First
Lien
Term
Loan,
(TSFR3M
+
2.750%)
6.450
08/26/31
2,360,124
TOTAL
CONSUMER
DURABLES
&
APPAREL
2,360,124
CONSUMER
SERVICES
-
0.4%
1,188,000
(a)
GBT
US
III
LLC,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.668
07/28/31
1,166,022
342,172
(a)
GVC
Holdings
(Gibraltar)
Limited,
Term
Loan
B6
(2029),
(TSFR3M
+
2.250%)
5.951
10/31/29
342,466
TOTAL
CONSUMER
SERVICES
1,508,488
FINANCIAL
SERVICES
-
0.2%
492,516
(a)
AAL
Delaware
Holdco,
Inc.,
Term
Loan,
(TSFR1M
+
2.750%)
6.418
07/30/31
492,688
306,460
(a)
Tiger
Acquisition,
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.181
08/23/32
307,111
TOTAL
FINANCIAL
SERVICES
799,799
FOOD,
BEVERAGE
&
TOBACCO
-
1.4%
846,905
(a)
Pegasus
BidCo
BV,
Repriced
Term
Loan
B,
(TSFR3M
+
2.750%)
6.403
07/12/29
845,846
3,160,000
(a),(c)
Primo
Brands
Corp,
(TBD)
TBD
TBD
3,168,880
1,380,507
(a)
Primo
Brands
Corp,
(TSFR1M
+
2.250%)
5.950
03/31/28
1,383,496
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
5,398,222
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
1.7%
1,050,000
(a),(c)
Select
Medical
Corp,
(TBD)
TBD
TBD
1,048,688
1,005,108
(a)
Sound
Inpatient
Physicians,
Tranche
B
Term
Loan
(Second
Out),
(TSFR3M
+
2.500%),
(cash
7.461%,
PIK
1.500%)
4.481
06/28/28
978,005
995,000
(a)
Team
Health
Holdings,
Inc.,
Repriced
Term
Loan
B,
(TSFR3M
+
4.000%)
7.661
06/30/28
992,901
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
(continued)
$
2,970,000
(a)
Zelis
Payments
Buyer,
Inc.,
5th
Amendment
Term
Loan,
(TSFR1M
+
3.250%)
6.918
%
11/26/31
$
2,881,271
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
5,900,865
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0.5%
1,959,079
(a)
VC
GB
Holdings
I
Corp.,
First
Lien
Term
Loan,
(TSFR3M
+
3.500%)
7.461
05/16/28
1,957,297
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
1,957,297
INSURANCE
-
1.8%
1,987,519
(a)
Alera
Group,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.418
05/28/32
1,931,838
4,189,755
(a)
Broadstreet
Partners,
Inc.,
Term
Loan
B4,
(TSFR1M
+
2.500%)
6.168
06/16/31
4,093,663
608,335
(a)
USI,
Inc.,
Term
Loan
C,
(TSFR3M
+
2.250%)
5.950
09/27/30
607,431
TOTAL
INSURANCE
6,632,932
MATERIALS
-
0.8%
945,480
(a)
Berlin
Packaging
LLC,
Term
Loan
B7,
(TSFR3M
+
3.250%)
6.927
06/09/31
913,702
2,035,188
(a)
Nouryon
Finance
B.V.,
Term
Loan
B1,
(TSFR6M
+
3.250%)
7.036
04/03/28
1,999,572
0
(a)
ProAmpac
PG
Borrower
LLC,
(TSFR3M
+
4.000%)
7.662
09/15/28
0
TOTAL
MATERIALS
2,913,274
MEDIA
&
ENTERTAINMENT
-
1.6%
2,985,019
(a)
AMC
Entertainment
Holdings,
Inc.
,
Term
Loan,
(TSFR1M
+
7.000%)
10.675
01/04/29
2,949,199
1,200,000
(a),(c)
OAK-Eagle
Acquireco
Inc,
(TBD)
TBD
TBD
1,194,000
1,220,982
(a)
Planet
US
Buyer
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.673
02/10/31
1,222,893
994,949
(a)
WideOpenWest
Finance
LLC,
Super
Senior
2nd
Out
Term
Loan,
(TSFR3M
+
3.000%)
6.929
12/11/28
925,437
TOTAL
MEDIA
&
ENTERTAINMENT
6,291,529
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
1.7%
1,389,883
(a)
Jazz
Financing
Lux
S.a.r.l.,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.250%)
5.918
05/05/28
1,396,833
3,112,455
(a)
Organon
&
Co,
Term
Loan,
(TSFR1M
+
2.250%)
5.918
05/19/31
2,973,173
1,884,020
(a)
Parexel
International
Corporation,
Repriced
Term
Loan
B,
(TSFR1M
+
2.750%)
6.418
12/12/31
1,880,092
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,250,098
SOFTWARE
&
SERVICES
-
2.0%
1,180,519
(a)
Boxer
Parent
Company
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.673
07/30/31
1,097,759
2,468,844
(a)
Fortress
Intermediate
3,
Inc,
Term
Loan
B,
(TSFR1M
+
3.000%)
6.669
06/27/31
2,453,413
282,853
(a)
Javelin
Buyer,
Inc.,
2nd
Lien
Term
Loan,
(TSFR3M
+
5.000%)
8.673
12/06/32
260,225
2,747,302
(a)
Javelin
Buyer,
Inc.,
Term
Loan,
(TSFR3M
+
2.750%)
6.417
12/08/31
2,625,404
217,774
(a)
Rackspace
Finance,
LLC,
First
Lien
First
Out
Term
Loan,
(TSFR1M
+
6.250%)
10.044
05/15/28
216,957
788,040
(a)
UKG
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.167
02/10/31
754,107
TOTAL
SOFTWARE
&
SERVICES
7,407,865
TELECOMMUNICATION
SERVICES
-
1.8%
2,000,000
(a)
Connect
Holding
II
LLC,
Delayed
Draw
Term
Loan,
(TSFR1M
+
4.250%)
7.926
04/03/31
1,866,750
1,995,000
(a)
Digicel
International
Finance
Limited,
Term
Loan
B,
(TSFR1M
+
5.250%)
8.917
08/09/32
1,997,494
3,048,180
(a)
Zayo
Group
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
1.750%)
3.641
03/11/30
2,998,479
TOTAL
TELECOMMUNICATION
SERVICES
6,862,723
TRANSPORTATION
-
0.3%
483,844
(a)
American
Airlines,
Inc.,
Term
Loan,
(TSFR3M
+
2.250%)
5.918
04/20/28
480,215
583,631
(a)
Brown
Group
Holding,
LLC,
Incremental
Term
Loan
B2,
(TSFR1M
+
TSFR3M
+
2.500%)
6.169
07/01/31
585,274
TOTAL
TRANSPORTATION
1,065,489
11
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES
-
1.2%
$
3,663,625
(a)
Talen
Energy
Supply,
LLC,
Incremental
Term
Loan
B,
(TSFR3M
+
2.500%)
6.153
%
12/15/31
$
3,674,689
607,812
(a)
Talen
Energy
Supply,
LLC,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.153
05/17/30
609,675
TOTAL
UTILITIES
4,284,364
TOTAL
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
(Cost
$80,991,277)
80,435,783
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$529,026,155)
526,205,377
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 2.7%(1.9%
of
Total
Investments)
10095638
REPURCHASE
AGREEMENTS
-
2.7%
(1.9%
of
Total
Investments)
10095638
170,638
(k)
Fixed
Income
Clearing
Corporation
1.060
04/01/26
170,638
9,925,000
(l)
Fixed
Income
Clearing
Corporation
3.600
04/01/26
9,925,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$10,095,638)
10,095,638
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$10,095,638)
10,095,638
TOTAL
INVESTMENTS
-
143.0%
(Cost
$539,121,793
)
536,301,015
BORROWINGS
-
(33.3)%
(m),(n)
(125,000,000)
REVERSE
REPURCHASE
AGREEMENTS,
INCLUDING
ACCRUED
INTEREST
-
(8.7)%(o)
(32,504,903)
OTHER
ASSETS
&
LIABILITIES,
NET
-  (1.0)%
(3,728,759)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
375,067,353
EUR
Euro
PIK
Payment-in-kind
(“PIK”)
security.  Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both.  The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
SOFR30A
30
Day
Average
Secured
Overnight
Financing
Rate
TBD
Senior
loan
purchased
on
a
when-issued
or
delayed-delivery
basis.
Certain
details
associated
with
this
purchase
are
not
known
prior
to
the
settlement
date
of
the
transaction.
In
addition,
senior
loans
typically
trade
without
accrued
interest
and
therefore
a
coupon
rate
is
not
available
prior
to
settlement.
At
settlement,
if
still
unknown,
the
borrower
or
counterparty
will
provide
the
Fund
with
the
final
coupon
rate
and
maturity
date.
TSFR1M
CME
Term
Secured
Overnight
Financing
Rate
1
Month
TSFR3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
TSFR6M
CME
Term
Secured
Overnight
Financing
Rate
6
Month
(a)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$353,305,513
or
65.9%
of
Total
Investments.
(c)
When-issued
or
delayed
delivery
security.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(f)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(g)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
reverse
repurchase
agreements.
As
of
the
end
of
the
fiscal
period,
investments
with
a
value
of
$44,406,765
have
been
pledged
as
collateral
for
reverse
repurchase
agreements.
(h)
Perpetual
security.
Maturity
date
is
not
applicable.
(i)
Contingent
Capital
Securities
(“CoCos”)
are
debt
or
preferred
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer,
for
example
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
As
of
the
end
of
the
reporting
period,
the
Fund’s
total
investment
in
CoCos
was
5.7%
of
Total
Investments.
Portfolio
of
Investments
March
31,
2026
(continued)
JGH
12
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted. 
Investments
in
Derivatives
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
(j)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
10.9%
of
Total
Investments.
(k)
Agreement
with
Fixed
Income
Clearing
Corporation,
1.060%
dated
3/31/26
to
be
repurchased
at
$170,643
on
4/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
3.375%
and
maturity
date
11/30/27,
valued
at
$174,118.
(l)
Agreement
with
Fixed
Income
Clearing
Corporation,
3.600%
dated
3/31/26
to
be
repurchased
at
$9,925,993
on
4/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.750%
and
maturity
date
2/15/56,
valued
at
$10,123,503.
(m)
Borrowings
as
a
percentage
of
Total
Investments
is
23.3%.
(n)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investment
(excluding
any
investments
pledged
as
collateral
to
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
(o)
Reverse
Repurchase
Agreements,
including
accrued
interest
as
a
percentage
of
Total
investments
is
6.1%.
Forward
Foreign
Currency
Contracts
Currency
Purchased
Notional
Amount
(Local
Currency)
Currency
Sold
Notional
Amount
(Local
Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
9,476,555
EUR
8,056,523
Morgan
Stanley
Capital
Services
LLC
4/08/26
$
161,818
Total
        $161,818
Total
unrealized
appreciation
on
forward
foreign
currency
contracts
        $161,818
Total
unrealized
depreciation
on
forward
foreign
currency
contracts
        $–
EUR
Euro
13
JGH
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Asset-Backed
Securities
$
–
$
36,009,585
$
628,370
$
36,637,955
Common
Stocks
627,522
102,096
–
729,618
Corporate
Bonds
–
319,341,331
510,000
319,851,331
Mortgage-Backed
Securities
–
14,888,131
–
14,888,131
Preferred
Stock
4,201,860
–
–
4,201,860
Sovereign
Debt
–
69,460,699
–
69,460,699
Variable
Rate
Senior
Loan
Interests
–
80,435,783
–
80,435,783
Short-Term
Investments:
Repurchase
Agreements
–
10,095,638
–
10,095,638
Investments
in
Derivatives:
Forward
Foreign
Currency
Contracts*
–
161,818
–
161,818
Total
$
4,829,382
$
530,495,081
$
1,138,370
$
536,462,833
*
Represents
net
unrealized
appreciation
(depreciation).