1
Portfolio
of
Investments
April
30,
2026
NPFD
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
157.5%
(99.3%
of
Total
Investments)
678606895
CORPORATE
BONDS
-
141
.9
%
(
89
.5
%
of
Total
Investments)
(a)
678606895
AUTOMOBILES
&
COMPONENTS
-
2.8%
(1.8%
of
Total
Investments)
$
10,476,000
(b),(c)
General
Motors
Financial
Co
Inc
5
.750
%
N/A
$
10,385,850
3,195,000
(b),(c)
General
Motors
Financial
Co
Inc
5
.700
N/A
3,139,420
TOTAL
AUTOMOBILES
&
COMPONENTS
13,525,270
BANKS
-
72.5%
(45.7%
of
Total
Investments)
2,495,000
(b),(d)
Banco
Bilbao
Vizcaya
Argentaria
SA
6
.125
N/A
2,498,281
1,027,000
(b),(d),(e)
Banco
Bilbao
Vizcaya
Argentaria
SA
7
.125
N/A
1,027,000
1,400,000
(b),(d)
Banco
Bilbao
Vizcaya
Argentaria
SA
7
.750
N/A
1,481,774
3,075,000
(b),(d)
Banco
Bilbao
Vizcaya
Argentaria
SA
9
.375
N/A
3,385,523
1,940,000
(b),(d),(f)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
8
.750
N/A
2,097,111
715,000
(b),(d),(f)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
7
.500
N/A
731,726
1,595,000
(b),(d),(f)
Banco
Mercantil
del
Norte
SA/Grand
Cayman
7
.625
N/A
1,630,573
6,800,000
(b),(d)
Banco
Santander
SA
9
.625
N/A
8,074,293
3,200,000
(b),(d)
Banco
Santander
SA
8
.000
N/A
3,475,389
6,425,000
(b),(c)
Bank
of
America
Corp
6
.250
N/A
6,493,561
17,981,000
(b),(c)
Bank
of
America
Corp
6
.625
N/A
18,544,956
4,783,000
(c)
Bank
of
Montreal
7
.300
11/26/84
5,038,972
3,538,000
(c)
Bank
of
Montreal
6
.875
11/26/85
3,620,524
1,470,000
(c)
Bank
of
Montreal
7
.700
05/26/84
1,544,338
3,090,000
(c),(g)
Bank
of
Nova
Scotia/The
8
.000
01/27/84
3,276,970
2,555,000
(c)
Bank
of
Nova
Scotia/The
6
.875
10/27/85
2,585,437
3,510,000
(b),(d)
Barclays
PLC
8
.000
N/A
3,683,910
977,000
(b),(d)
Barclays
PLC
7
.625
N/A
1,029,025
3,083,000
(b),(d)
Barclays
PLC
9
.625
N/A
3,440,505
2,513,000
(b),(d),(f)
BNP
Paribas
SA
0
.000
N/A
2,527,741
986,000
(b),(d),(f)
BNP
Paribas
SA
7
.450
N/A
1,021,422
1,997,000
(b),(d),(f)
BNP
Paribas
SA
7
.375
N/A
2,071,019
5,225,000
(b),(d),(f)
BNP
Paribas
SA
8
.000
N/A
5,591,252
2,430,000
(b),(d),(f)
BNP
Paribas
SA
8
.500
N/A
2,567,453
2,150,000
(b),(d),(f)
BNP
Paribas
SA
9
.250
N/A
2,266,048
2,856,000
(b),(d),(f)
BNP
Paribas
SA
7
.750
N/A
2,995,573
1,646,000
(c)
Canadian
Imperial
Bank
of
Commerce
6
.500
07/28/86
1,640,913
3,298,000
(c)
Canadian
Imperial
Bank
of
Commerce
7
.000
10/28/85
3,384,200
3,617,000
(c)
Canadian
Imperial
Bank
of
Commerce
6
.950
01/28/85
3,687,644
1,092,000
(b),(c)
Citigroup
Inc
6
.250
N/A
1,092,252
1,650,000
(b),(c)
Citigroup
Inc
7
.375
N/A
1,695,243
13,100,000
(b),(c)
Citigroup
Inc
7
.625
N/A
13,622,926
5,351,000
(b),(c)
Citigroup
Inc
7
.125
N/A
5,429,328
3,014,000
(b),(c)
Citigroup
Inc
7
.000
N/A
3,130,874
2,717,000
(b),(c)
Citigroup
Inc
6
.625
N/A
2,750,302
4,177,000
(b),(c)
Citigroup
Inc
6
.875
N/A
4,240,916
6,500,000
(b),(c),(h)
Citizens
Financial
Group
Inc
(TSFR3M
+
3.419%)
7
.097
N/A
6,496,357
4,326,000
(b),(d),(f)
Credit
Agricole
SA
7
.125
N/A
4,483,613
4,185,000
(b),(d),(f)
Credit
Agricole
SA
6
.700
N/A
4,226,716
2,224,000
(b),(c),(h)
Fifth
Third
Bancorp
(TSFR3M
+
3.295%)
6
.994
N/A
2,218,106
7,070,000
(b),(c),(h)
First
Citizens
BancShares
Inc/NC
(TSFR3M
+
4.234%)
7
.908
N/A
7,114,117
2,020,000
(b),(c)
First
Citizens
BancShares
Inc/NC
7
.000
N/A
2,030,110
4,560,000
(b),(d)
HSBC
Holdings
PLC
8
.000
N/A
4,754,511
3,763,000
(b),(d)
HSBC
Holdings
PLC
6
.875
N/A
3,855,190
4,539,000
(b),(d)
HSBC
Holdings
PLC
6
.950
N/A
4,700,647
1,171,000
(b),(d)
HSBC
Holdings
PLC
6
.950
N/A
1,196,329
1,706,000
(b),(d)
HSBC
Holdings
PLC
6
.750
N/A
1,727,932
7,400,000
(b),(c)
Huntington
Bancshares
Inc/OH
5
.625
N/A
7,479,853
3,406,000
(b),(c)
Huntington
Bancshares
Inc/OH
6
.250
N/A
3,410,888
6,795,000
(b),(d)
ING
Groep
NV,
Reg
S
7
.500
N/A
7,033,010
3,784,000
(b),(d)
ING
Groep
NV
7
.000
N/A
3,913,367
8,663,000
(b),(c)
JPMorgan
Chase
&
Co
6
.500
N/A
8,893,046
7,561,000
(b),(c)
JPMorgan
Chase
&
Co
6
.100
N/A
7,561,000
17,767,000
(b),(c)
JPMorgan
Chase
&
Co
6
.875
N/A
18,508,506
1,300,000
(b),(d)
Lloyds
Banking
Group
PLC
6
.750
N/A
1,337,413
Portfolio
of
Investments
April
30,
2026
(continued)
NPFD
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
BANKS
(continued)
$
6,996,000
(b),(d)
Lloyds
Banking
Group
PLC
8
.000
%
N/A
$
7,460,842
3,000,000
(b),(c)
M&T
Bank
Corp
5
.125
N/A
2,986,779
1,500,000
(b),(d),(f)
Macquarie
Bank
Ltd/London
6
.125
N/A
1,508,983
7,262,000
(b),(d)
NatWest
Group
PLC
8
.125
N/A
8,017,778
1,370,000
(b),(d)
NatWest
Group
PLC
7
.300
N/A
1,421,768
745,000
(b),(d),(f)
Nordea
Bank
Abp
6
.300
N/A
752,329
2,280,000
(b),(d),(f)
Nordea
Bank
Abp
6
.750
N/A
2,323,425
2,445,000
(b),(c)
PNC
Financial
Services
Group
Inc/The
6
.000
N/A
2,445,379
6,990,000
(b),(c)
PNC
Financial
Services
Group
Inc/The
6
.200
N/A
7,036,490
5,735,000
(b),(c)
PNC
Financial
Services
Group
Inc/The
6
.250
N/A
5,827,890
3,586,000
(c)
Royal
Bank
of
Canada
6
.750
08/24/85
3,649,436
3,301,000
(c)
Royal
Bank
of
Canada
6
.500
05/24/86
3,268,708
770,000
(b),(d),(f)
Societe
Generale
SA
8
.500
N/A
844,550
4,952,000
(b),(d),(f)
Societe
Generale
SA
7
.125
N/A
4,901,027
3,631,000
(b),(d),(f)
Societe
Generale
SA
10
.000
N/A
3,968,629
1,680,000
(b),(d),(f)
Societe
Generale
SA
9
.375
N/A
1,771,683
1,700,000
(b),(d),(f)
Standard
Chartered
PLC
7
.750
N/A
1,751,977
3,240,000
(c)
Toronto-Dominion
Bank/The
6
.350
10/31/85
3,261,782
3,495,000
(c)
Toronto-Dominion
Bank/The
8
.125
10/31/82
3,635,324
13,209,000
(b),(c)
Truist
Financial
Corp
6
.669
N/A
13,214,033
12,345,000
(b),(c)
Wells
Fargo
&
Co
7
.625
N/A
12,962,485
12,874,000
(b),(c)
Wells
Fargo
&
Co
6
.850
N/A
13,391,509
5,740,000
(b),(c)
Wells
Fargo
&
Co
6
.125
N/A
5,759,895
TOTAL
BANKS
346,478,386
CAPITAL
GOODS
-
1.8%
(1.1%
of
Total
Investments)
3,673,000
(c),(f)
ILFC
E-Capital
Trust
I
6
.270
12/21/65
3,149,369
5,601,000
(b),(c)
Sumisho
Air
Lease
Corp
6
.000
N/A
5,425,730
TOTAL
CAPITAL
GOODS
8,575,099
ENERGY
-
12.2%
(7.7%
of
Total
Investments)
4,546,000
(c)
Enbridge
Inc
5
.500
07/15/77
4,535,665
6,360,000
(c)
Enbridge
Inc
7
.625
01/15/83
6,891,321
8,696,000
(c)
Enbridge
Inc
8
.500
01/15/84
9,905,707
761,000
(b),(c)
Energy
Transfer
LP
6
.625
N/A
767,704
6,970,000
(b),(c)
Energy
Transfer
LP
7
.125
N/A
7,158,434
1,886,000
(b),(c)
Energy
Transfer
LP
6
.500
N/A
1,888,224
4,570,000
(c)
Energy
Transfer
LP
8
.000
05/15/54
4,844,322
4,947,000
(c)
Energy
Transfer
LP
6
.750
02/15/56
4,982,549
3,554,000
(c),(g)
South
Bow
Canadian
Infrastructure
Holdings
Ltd
7
.500
03/01/55
3,757,411
2,870,000
(b),(c),(f)
Sunoco
LP
7
.875
N/A
2,972,046
5,600,000
(c)
TransCanada
PipeLines
Ltd
7
.590
05/15/67
4,986,886
2,155,000
(c)
Transcanada
Trust
5
.600
03/07/82
2,128,675
3,673,000
(b),(c),(f)
Venture
Global
LNG
Inc
9
.000
N/A
3,632,754
TOTAL
ENERGY
58,451,698
FINANCIAL
SERVICES
-
19.9%
(12.6%
of
Total
Investments)
3,350,000
(c)
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6
.950
03/10/55
3,468,995
3,200,000
(c)
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6
.500
01/31/56
3,257,626
2,906,000
(b),(c)
Ally
Financial
Inc
4
.700
N/A
2,795,823
2,853,000
(b),(c)
Ally
Financial
Inc
7
.100
N/A
2,850,754
3,250,000
(b),(c),(f)
Capital
Farm
Credit
ACA
8
.393
N/A
3,217,500
3,690,000
(b),(c)
Capital
One
Financial
Corp
5
.500
N/A
3,650,055
3,657,000
(b),(c)
Charles
Schwab
Corp/The
6
.100
N/A
3,658,622
350,000
(b),(c),(f)
Compeer
Financial
ACA
4
.875
N/A
343,000
2,574,000
(b),(c),(f)
Compeer
Financial
ACA
7
.875
N/A
2,612,611
2,012,000
(b),(c)
Corebridge
Financial
Inc
6
.875
N/A
2,069,473
3,325,000
(i)
Credit
Suisse
Group
AG
7
.500
01/17/72
1,130,500
2,460,000
(i)
Credit
Suisse
Group
AG
7
.500
06/11/72
836,400
5,850,000
(i)
Credit
Suisse
Group
AG
6
.380
02/21/72
1,989,000
9,004,000
(i)
Credit
Suisse
Group
AG
0
.000
01/17/72
3,061,360
5,600,000
(b),(d)
Deutsche
Bank
AG,
Reg
S
8
.130
N/A
5,941,074
5,249,000
(b),(c)
Goldman
Sachs
Group
Inc/The
6
.125
N/A
5,288,199
5,784,000
(b),(c)
Goldman
Sachs
Group
Inc/The
6
.850
N/A
5,958,798
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FINANCIAL
SERVICES
(continued)
$
11,071,000
(b),(c)
Goldman
Sachs
Group
Inc/The
7
.500
%
N/A
$
11,570,114
5,140,000
(b),(c)
Goldman
Sachs
Group
Inc/The
7
.500
N/A
5,403,332
1,600,000
(b),(d)
Julius
Baer
Group
Ltd,
Reg
S
7
.500
N/A
1,652,524
1,026,000
(b),(d)
Nomura
Holdings
Inc
7
.000
N/A
1,057,158
4,250,000
(b),(c)
State
Street
Corp
6
.700
N/A
4,379,476
1,280,000
(b),(d),(f)
UBS
Group
AG
7
.000
N/A
1,302,601
3,853,000
(b),(d),(f)
UBS
Group
AG
9
.250
N/A
4,496,601
4,325,000
(b),(d),(f)
UBS
Group
AG
9
.250
N/A
4,680,191
3,892,000
(b),(d),(f)
UBS
Group
AG
7
.750
N/A
4,151,814
4,352,000
(b),(c)
Voya
Financial
Inc
7
.758
N/A
4,539,136
TOTAL
FINANCIAL
SERVICES
95,362,737
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.5%
(0.3%
of
Total
Investments)
1,381,000
(c)
CVS
Health
Corp
6
.750
12/10/54
1,430,752
1,174,000
(c)
CVS
Health
Corp
7
.000
03/10/55
1,218,045
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
2,648,797
INSURANCE
-
13.9%
(8.8%
of
Total
Investments)
3,308,000
(c)
American
National
Group
Inc
7
.000
12/01/55
3,232,673
8,045,000
(c),(g)
Assurant
Inc
7
.000
03/27/48
8,148,929
3,000,000
(c),(f)
Assured
Guaranty
Municipal
Holdings
Inc
6
.400
12/15/66
2,844,119
3,982,000
(c)
Corebridge
Financial
Inc
6
.375
09/15/54
3,959,504
3,601,000
(c)
Enstar
Finance
LLC
5
.500
01/15/42
3,532,951
2,061,000
(c),(f)
Enstar
Group
Ltd
7
.500
04/01/45
2,133,601
2,000,000
(c)
MetLife
Inc
10
.750
08/01/39
2,596,748
2,518,000
(c)
MetLife
Inc
6
.350
03/15/55
2,577,578
1,219,000
(c)
MetLife
Inc
5
.850
03/15/56
1,202,507
3,396,000
(f)
Omnis
Funding
Trust
6
.722
05/15/55
3,483,107
3,248,000
(c),(g)
Prudential
Financial
Inc
6
.750
03/01/53
3,420,280
6,688,000
(c)
Prudential
Financial
Inc
6
.500
03/15/54
6,886,660
3,323,000
(b),(c)
RLGH
Finance
Bermuda
Ltd,
Reg
S
6
.875
N/A
3,328,734
13,500,000
(b),(c),(f)
SBL
Holdings
Inc
9
.508
N/A
12,765,542
3,415,000
(b),(c),(f)
SBL
Holdings
Inc
6
.500
N/A
3,086,968
2,955,000
(b),(d)
Standard
Life
PLC,
Reg
S
8
.500
N/A
3,150,908
TOTAL
INSURANCE
66,350,809
MATERIALS
-
0.5%
(0.3%
of
Total
Investments)
2,434,000
(b),(c),(f)
Cemex
SAB
de
CV
7
.200
N/A
2,520,431
TOTAL
MATERIALS
2,520,431
MEDIA
&
ENTERTAINMENT
-
0.6%
(0.4%
of
Total
Investments)
2,566,000
(b),(c),(f)
Farm
Credit
Bank
of
Texas
7
.750
N/A
2,665,897
TOTAL
MEDIA
&
ENTERTAINMENT
2,665,897
TELECOMMUNICATION
SERVICES
-
4.3%
(2.7%
of
Total
Investments)
3,791,000
(c)
Bell
Telephone
Co
of
Canada
or
Bell
Canada
7
.000
09/15/55
3,934,114
3,941,000
(c)
Rogers
Communications
Inc
7
.125
04/15/55
4,065,577
1,977,000
(c)
TELUS
Corp
7
.000
10/15/55
2,044,867
10,000,000
(c)
Vodafone
Group
PLC
7
.000
04/04/79
10,428,780
TOTAL
TELECOMMUNICATION
SERVICES
20,473,338
UTILITIES
-
12.9%
(8.1%
of
Total
Investments)
1,300,000
(c),(f)
AES
Andes
SA
8
.150
06/10/55
1,366,749
2,456,000
(c),(g)
AES
Corp/The
7
.600
01/15/55
2,502,003
3,817,000
(c)
AES
Corp/The
6
.950
07/15/55
3,723,668
1,302,000
(c),(f)
AltaGas
Ltd
7
.200
10/15/54
1,352,696
3,416,000
(c)
CMS
Energy
Corp
6
.500
06/01/55
3,499,952
3,593,000
(c)
Dominion
Energy
Inc
7
.000
06/01/54
3,831,176
3,000,000
(c)
Dominion
Energy
Inc
6
.625
05/15/55
3,068,241
3,244,000
(c)
Duke
Energy
Corp
6
.450
09/01/54
3,389,172
2,404,000
(c)
Edison
International
8
.125
06/15/53
2,466,343
1,529,000
(c)
Edison
International
7
.875
06/15/54
1,577,225
726,000
(c)
Emera
US
Finance
LLC
6
.850
10/01/56
728,172
4,322,000
(c),(g)
Entergy
Corp
7
.125
12/01/54
4,449,404
2,713,000
(c)
EUSHI
Finance
Inc
7
.625
12/15/54
2,808,773
6,174,000
(c),(g)
NextEra
Energy
Capital
Holdings
Inc
6
.750
06/15/54
6,464,944
1,925,000
(c)
PG&E
Corp
7
.375
03/15/55
1,979,972
Portfolio
of
Investments
April
30,
2026
(continued)
NPFD
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES
(continued)
$
1,330,000
(c),(f)
Puget
Energy
Inc
7
.250
%
09/15/56
$
1,337,476
6,476,000
(c)
Sempra
6
.550
04/01/55
6,542,534
1,921,000
(c)
Sempra
6
.375
04/01/56
1,942,922
1,560,000
(b),(c),(f)
Vistra
Corp
8
.000
N/A
1,573,709
2,215,000
(b),(c),(f)
Vistra
Corp
7
.000
N/A
2,221,470
4,398,000
(b),(c),(f)
Vistra
Corp
8
.875
N/A
4,727,832
TOTAL
UTILITIES
61,554,433
TOTAL
CORPORATE
BONDS
(Cost
$684,187,794)
678,606,895
SHARES
DESCRIPTION
RATE
VALUE
60369322
PREFERRED
STOCK
-
12
.6
%
(
7
.9
%
of
Total
Investments)
60369322
BANKS
-
4.3%
(2.7%
of
Total
Investments)
121,601
Fifth
Third
Bancorp
7
.671
3,091,097
106,650
(j)
First
Horizon
Corp
6
.750
2,671,583
62,700
KeyCorp
6
.125
1,568,754
297,600
KeyCorp
6
.200
7,496,544
31,966
KeyCorp
5
.625
683,433
31,875
KeyCorp
5
.650
684,994
5,984
Pinnacle
Financial
Partners,
Inc
8
.397
156,781
163,723
Regions
Financial
Corp
5
.700
4,066,879
TOTAL
BANKS
20,420,065
FINANCIAL
SERVICES
-
2.6%
(1.5%
of
Total
Investments)
139,125
Bank
of
New
York
Mellon
Corp
6
.150
3,551,861
143,950
Morgan
Stanley
6
.625
3,679,362
211,000
Voya
Financial,
Inc
5
.350
5,057,670
TOTAL
FINANCIAL
SERVICES
12,288,893
FOOD,
BEVERAGE
&
TOBACCO
-
1.8%
(1.2%
of
Total
Investments)
237,055
CHS,
Inc
7
.100
5,999,862
115,393
CHS,
Inc
6
.750
2,879,055
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
8,878,917
INSURANCE
-
3.9%
(2.5%
of
Total
Investments)
185,450
American
National
Group,
Inc
7
.375
4,597,306
59,425
Aspen
Insurance
Holdings
Ltd
7
.125
1,468,392
194,775
Athene
Holding
Ltd
6
.350
4,742,771
243,575
Enstar
Group
Ltd
7
.000
5,602,225
93,300
Reinsurance
Group
of
America,
Inc
7
.125
2,370,753
TOTAL
INSURANCE
18,781,447
TOTAL
PREFERRED
STOCK
(Cost
$64,551,600)
60,369,322
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
14176746
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
3
.0
%
(
1
.9
%
of
Total
Investments)
14176746
6,050,000
(b)
CoBank
ACB
6
.450
N/A
6,038,826
2,062,000
(b)
CoBank
ACB
7
.250
N/A
2,080,356
3,785,000
(b)
CoBank
ACB
7
.125
N/A
3,871,832
50,000
(b),(f)
Farm
Credit
Bank
of
Texas
6
.200
N/A
49,375
2,092,000
(b)
Farm
Credit
Bank
of
Texas
7
.000
N/A
2,136,357
TOTAL
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
(Cost
$14,068,278)
14,176,746
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$762,807,672)
753,152,963
5
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
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
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 1.1%(0.7%
of
Total
Investments)
5,150,000
REPURCHASE
AGREEMENTS
-
1
.1
%
(
0
.7
%
of
Total
Investments)
5,150,000
$
5,150,000
(k)
Fixed
Income
Clearing
Corporation
3
.600
%
05/01/26
$
5,150,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$5,150,000)
5,150,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$5,150,000)
5,150,000
TOTAL
INVESTMENTS
-
158
.6
%
(Cost
$
767,957,672
)
758,302,963
BORROWINGS
-
(33.7)%
(l),(m)
(
161,314,000
)
REVERSE
REPURCHASE
AGREEMENTS,
INCLUDING
ACCRUED
INTEREST
-
(5.8)%(n)
(
27,781,695
)
TFP
SHARES,
NET
-
(17.7)%(o)
(
84,590,869
)
OTHER
ASSETS
&
LIABILITIES,
NET
-  (1.4)%
(
6,528,929
)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
478,087,470
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.
TSFR3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
(a)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(b)
Perpetual
security.
Maturity
date
is
not
applicable.
(c)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
68.3%
of
Total
Investments.
(d)
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
19.8%
of
Total
Investments.
(e)
When-issued
or
delayed
delivery
security.
(f)
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
$122,720,309
or
16.2%
of
Total
Investments.
(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
$32,957,689
have
been
pledged
as
collateral
for
reverse
repurchase
agreements.
(h)
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.
(i)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(j)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(k)
Agreement
with
Fixed
Income
Clearing
Corporation,
3.600%
dated
4/30/26
to
be
repurchased
at
$5,150,515
on
5/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.625%
and
maturity
date
11/15/55,
valued
at
$5,253,083.
(l)
Borrowings
as
a
percentage
of
Total
Investments
is
21.3%.
(m)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$358,221,009
have
been
pledged
as
collateral
for
borrowings.
(n)
Reverse
Repurchase
Agreements,
including
accrued
interest
as
a
percentage
of
Total
investments
is
3.7%.
(o)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
11.2%.
Portfolio
of
Investments
April
30,
2026
(continued)
NPFD
6
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:
The
following
is
a
reconciliation
of
the
Fund’s
Level
3
investments
held
at
the
beginning
and
end
of
the
measurement
period:
The
valuation
techniques
and
significant
unobservable
inputs
used
in
recurring
Level
3
fair
value
measurements
of
assets
as
of
the
end
of
the
report-
ing
period,
were
as
follows:
NPFD
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
671,589,635
$
7,017,260
$
678,606,895
Preferred
Stock
60,369,322
–
–
60,369,322
U.S.
Government
and
Agency
Obligations
–
14,176,746
–
14,176,746
Short-Term
Investments:
Repurchase
Agreements
–
5,150,000
–
5,150,000
Total
$
60,369,322
$
690,916,381
$
7,017,260
$
758,302,963
Level
3
NPFD
Corporate
Bonds
Balance
at
the
beginning
of
period
$
2,425,083
Gains
(losses):
-
Net
realized
gains
(losses)
-
Change
in
net
unrealized
appreciation
(depreciation)
4,592,177
Purchases
at
cost
-
Sales
at
proceeds
-
Net
discounts
(premiums)
-
Transfers
into
-
Transfers
(out
of)
-
Balance
at
the
end
of
period
$
7,017,260
Change
in
net
unrealized
appreciation
(depreciation)
during
the
period
of
Level
3
securities
held
as
of
period
end
$
4,592,177
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
NPFD
Corporate
Bond
$7,017,260
Indicative
Trade
Broker
Quote
$34.00
N/A