| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Long-Term Investments 97.8% | |||||
| Corporate Bonds 85.6% | |||||
| Advertising 0.6% | |||||
| Clear Channel Outdoor Holdings, Inc., | |||||
| Gtd. Notes, 144A | 7.500 % | 06/01/29 | 600 | $601,563 | |
| Gtd. Notes, 144A | 7.750 | 04/15/28 | 150 | 150,512 | |
| Sr. Sec’d. Notes, 144A | 7.125 | 02/15/31 | 50 | 52,040 | |
| Sr. Sec’d. Notes, 144A | 7.500 | 03/15/33 | 180 | 189,035 | |
| Neptune Bidco US, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 9.290 | 04/15/29 | 1,360 | 1,375,070 | |
| Sr. Sec’d. Notes, 144A | 9.500 | 02/15/33 | 340 | 340,526 | |
| 2,708,746 | |||||
| Aerospace & Defense 1.2% | |||||
| ATI, Inc., Sr. Unsec’d. Notes | 7.250 | 08/15/30 | 165 | 171,917 | |
| Bombardier, Inc. (Canada), | |||||
| Sr. Unsec’d. Notes, 144A | 6.750 | 06/15/33 | 585 | 610,641 | |
| Sr. Unsec’d. Notes, 144A | 7.000 | 06/01/32 | 215 | 224,428 | |
| Sr. Unsec’d. Notes, 144A | 7.250 | 07/01/31 | 355 | 372,828 | |
| Sr. Unsec’d. Notes, 144A | 7.450 | 05/01/34 | 400 | 440,444 | |
| Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 420 | 436,073 | |
| Sr. Unsec’d. Notes, 144A | 8.750 | 11/15/30 | 540 | 573,075 | |
| TransDigm, Inc., | |||||
| Gtd. Notes | 4.625 | 01/15/29 | 225 | 221,607 | |
| Gtd. Notes, 144A | 6.125 | 07/31/34 | 175 | 175,215 | |
| Gtd. Notes, 144A | 6.375 | 05/31/33 | 975 | 983,476 | |
| Sr. Sec’d. Notes, 144A | 6.000 | 01/15/33 | 230 | 232,315 | |
| Sr. Sec’d. Notes, 144A | 6.375 | 03/01/29 | 580 | 592,338 | |
| Sr. Sec’d. Notes, 144A | 6.625 | 03/01/32 | 225 | 231,292 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 08/15/28 | 235 | 238,278 | |
| 5,503,927 | |||||
| Airlines 1.4% | |||||
| American Airlines, Inc., Sr. Sec’d. Notes, 144A | 7.250 | 02/15/28 | 385 | 390,172 | |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 04/20/29 | 1,425 | 1,426,140 | |
| United Airlines Holdings, Inc., | |||||
| Gtd. Notes | 4.875 | 03/01/29 | 665 | 656,727 | |
| Gtd. Notes | 5.375 | 03/01/31 | 415 | 409,226 | |
| United Airlines, Inc., Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 630 | 621,566 | |
| VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland), | |||||
| Sr. Unsec’d. Notes, 144A | 6.375 | 02/01/30 | 525 | 492,345 | |
| Sr. Unsec’d. Notes, 144A | 7.875 | 05/01/27 | 865 | 865,173 | |
| Sr. Unsec’d. Notes, 144A | 8.750 | 01/15/32 | 525 | 508,106 | |
| Sr. Unsec’d. Notes, 144A | 9.500 | 06/01/28 | 945 | 954,554 | |
| 6,324,009 | |||||
| Apparel 0.5% | |||||
| Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 500 | 476,296 | |
| Wolverine World Wide, Inc., Gtd. Notes, 144A | 4.000 | 08/15/29 | 1,725 | 1,611,876 | |
| 2,088,172 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Auto Manufacturers 1.3% | |||||
| Ford Motor Co., | |||||
| Sr. Unsec’d. Notes | 3.250 % | 02/12/32 | 538 | $472,026 | |
| Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 225 | 173,250 | |
| Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 100 | 102,936 | |
| Ford Motor Credit Co. LLC, | |||||
| Sr. Unsec’d. Notes | 2.700 | 08/10/26 | 400 | 397,836 | |
| Sr. Unsec’d. Notes | 5.800 | 03/08/29 | 225 | 227,845 | |
| JB Poindexter & Co., Inc., Sr. Unsec’d. Notes, 144A | 8.750 | 12/15/31 | 365 | 378,655 | |
| New Flyer Holdings, Inc. (Canada), Sec’d. Notes, 144A | 9.250 | 07/01/30 | 310 | 334,577 | |
| Nissan Motor Acceptance Co. LLC, | |||||
| Sr. Unsec’d. Notes, 144A, MTN | 5.625 | 09/29/28 | 515 | 511,504 | |
| Sr. Unsec’d. Notes, 144A, MTN | 6.125 | 09/30/30 | 730 | 719,127 | |
| Nissan Motor Co. Ltd. (Japan), | |||||
| Sr. Unsec’d. Notes, 144A | 4.345 | 09/17/27 | 200 | 197,500 | |
| Sr. Unsec’d. Notes, 144A | 7.500 | 07/17/30 | 990 | 1,022,175 | |
| Sr. Unsec’d. Notes, 144A | 7.750 | 07/17/32 | 715 | 744,537 | |
| PM General Purchaser LLC, Sr. Sec’d. Notes, 144A | 9.500 | 10/01/28 | 965 | 897,159 | |
| 6,179,127 | |||||
| Auto Parts & Equipment 1.3% | |||||
| Adient Global Holdings Ltd., Sr. Sec’d. Notes, 144A | 7.000 | 04/15/28 | 450 | 457,654 | |
| American Axle & Manufacturing, Inc., | |||||
| Gtd. Notes, 144A | 7.750 | 10/15/33 | 525 | 513,430 | |
| Sr. Sec’d. Notes, 144A | 6.375 | 10/15/32 | 360 | 359,330 | |
| Clarios Global LP/Clarios US Finance Co., | |||||
| Gtd. Notes, 144A | 6.750 | 09/15/32 | 540 | 552,150 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 02/15/30 | 235 | 242,278 | |
| Cyprium Corp./Cyprium Holdings Luxembourg Sarl, | |||||
| Gtd. Notes, 144A | 6.125 | 04/15/31 | 350 | 353,500 | |
| Gtd. Notes, 144A | 6.375 | 04/15/34 | 480 | 479,400 | |
| Garrett Motion Holdings, Inc./Garrett LX I Sarl, Gtd. Notes, 144A | 7.750 | 05/31/32 | 435 | 453,921 | |
| Phinia, Inc., | |||||
| Gtd. Notes, 144A | 6.625 | 10/15/32 | 25 | 25,689 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 04/15/29 | 390 | 399,875 | |
| Qnity Electronics, Inc., | |||||
| Gtd. Notes, 144A | 6.250 | 08/15/33 | 90 | 92,040 | |
| Sr. Sec’d. Notes, 144A | 5.750 | 08/15/32 | 150 | 151,602 | |
| Tenneco, Inc., Sr. Sec’d. Notes, 144A | 8.000 | 11/17/28 | 1,075 | 1,087,032 | |
| Titan International, Inc., Sr. Sec’d. Notes | 7.000 | 04/30/28 | 580 | 579,701 | |
| ZF North America Capital, Inc. (Germany), Gtd. Notes, 144A | 7.500 | 03/24/31 | 265 | 265,233 | |
| 6,012,835 | |||||
| Banks 0.8% | |||||
| Bank of America Corp., | |||||
| Jr. Sub. Notes | 6.250(ff) | 07/26/30(oo) | 485 | 489,824 | |
| Jr. Sub. Notes | 6.625(ff) | 05/01/30(oo) | 75 | 77,285 | |
| Citigroup, Inc., | |||||
| Jr. Sub. Notes | 6.625(ff) | 02/15/31(oo) | 45 | 45,502 | |
| Jr. Sub. Notes, Series EE | 6.750(ff) | 02/15/30(oo) | 260 | 262,071 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Banks (cont’d.) | |||||
| Citigroup, Inc., (cont’d.) | |||||
| Jr. Sub. Notes, Series FF | 6.950 %(ff) | 02/15/30(oo) | 165 | $167,783 | |
| Jr. Sub. Notes, Series GG | 6.875(ff) | 08/15/30(oo) | 277 | 281,432 | |
| Freedom Mortgage Corp., | |||||
| Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/27 | 850 | 850,140 | |
| Sr. Unsec’d. Notes, 144A | 12.250 | 10/01/30 | 250 | 271,254 | |
| Goldman Sachs Group, Inc. (The), Jr. Sub. Notes, Series Z | 6.850(ff) | 02/10/30(oo) | 290 | 298,448 | |
| Intesa Sanpaolo SpA (Italy), Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 325 | 306,780 | |
| JPMorgan Chase & Co., Jr. Sub. Notes | 6.100(ff) | 07/01/31(oo) | 270 | 270,000 | |
| Wells Fargo & Co., Jr. Sub. Notes, Series GG | 6.125(ff) | 06/15/31(oo) | 500 | 501,555 | |
| 3,822,074 | |||||
| Biotechnology 0.1% | |||||
| BioMarin Pharmaceutical, Inc., Gtd. Notes, 144A | 5.500 | 02/15/34 | 415 | 412,138 | |
| Building Materials 1.1% | |||||
| Builders FirstSource, Inc., Gtd. Notes, 144A | 5.000 | 03/01/30 | 115 | 112,674 | |
| Camelot Return Merger Sub, Inc., Sr. Sec’d. Notes, 144A | 8.750 | 08/01/28 | 500 | 323,247 | |
| Cornerstone Building Brands, Inc., Gtd. Notes, 144A | 6.125 | 01/15/29 | 775 | 137,928 | |
| CP Atlas Buyer, Inc., Sr. Sec’d. Notes, 144A | 9.750 | 07/15/30 | 250 | 232,225 | |
| Griffon Corp., Gtd. Notes | 5.750 | 03/01/28 | 330 | 329,242 | |
| Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Sr. Sec’d. Notes, 144A | 6.750 | 04/01/32 | 98 | 96,784 | |
| MIWD Holdco II LLC/MIWD Finance Corp., Gtd. Notes, 144A | 5.500 | 02/01/30 | 257 | 237,169 | |
| Quikrete Holdings, Inc., Sr. Sec’d. Notes, 144A | 6.375 | 03/01/32 | 700 | 710,641 | |
| Smyrna Ready Mix Concrete LLC, | |||||
| Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 343 | 342,634 | |
| Sr. Sec’d. Notes, 144A | 8.875 | 11/15/31 | 450 | 471,491 | |
| Standard Building Solutions, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 6.250 | 08/01/33 | 490 | 489,969 | |
| Sr. Unsec’d. Notes, 144A | 6.500 | 08/15/32 | 235 | 237,542 | |
| Standard Industries, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 3.375 | 01/15/31 | 180 | 163,422 | |
| Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 625 | 596,878 | |
| Sr. Unsec’d. Notes, 144A | 4.750 | 01/15/28 | 500 | 497,102 | |
| 4,978,948 | |||||
| Chemicals 2.0% | |||||
| ARC Falcon I, Inc./Arclin USA LLC/New Arclin US Holding Corp., Sr. Sec’d. Notes, 144A | 9.750 | 03/01/33 | 1,355 | 1,328,479 | |
| Ashland, Inc., Sr. Unsec’d. Notes | 6.875 | 05/15/43 | 1,550 | 1,534,497 | |
| Chemours Co. (The), Gtd. Notes, 144A | 7.875 | 03/15/34 | 355 | 363,089 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Chemicals (cont’d.) | |||||
| Cornerstone Chemical Co. LLC, Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 10.000%^(x) | 10.000 % | 05/07/29 | 1,091 | $927,604 | |
| Methanex US Operations, Inc., Gtd. Notes, 144A | 6.250 | 03/15/32 | 205 | 210,832 | |
| Olympus Water US Holding Corp., | |||||
| Sr. Sec’d. Notes, 144A | 4.250 | 10/01/28 | 715 | 695,447 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 08/01/32 | 455 | 441,242 | |
| Sr. Sec’d. Notes, 144A | 7.250 | 06/15/31 | 820 | 824,586 | |
| Sr. Sec’d. Notes, 144A | 7.250 | 02/15/33 | 700 | 684,259 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 10/01/29 | 1,000 | 977,810 | |
| Perimeter Holdings LLC, Sr. Sec’d. Notes, 144A | 6.250 | 01/15/34 | 510 | 508,107 | |
| SK Invictus Intermediate II Sarl, Sr. Sec’d. Notes, 144A | 5.000 | 10/30/29 | 495 | 487,595 | |
| Solstice Advanced Materials, Inc., Sr. Unsec’d. Notes, 144A | 5.625 | 09/30/33 | 280 | 278,306 | |
| 9,261,853 | |||||
| Coal 0.1% | |||||
| Coronado Finance Pty Ltd. (Australia), Sr. Sec’d. Notes, 144A | 9.250 | 10/01/29 | 515 | 465,544 | |
| Commercial Services 4.2% | |||||
| Allied Universal Holdco LLC, Sr. Sec’d. Notes, 144A | 7.875 | 02/15/31 | 1,400 | 1,469,371 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
| Sr. Sec’d. Notes, 144A | 6.875 | 06/15/30 | 625 | 643,128 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 06/01/29 | 475 | 471,485 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||
| Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 1,210 | 1,192,128 | |
| Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 665 | 655,025 | |
| AMN Healthcare, Inc., | |||||
| Gtd. Notes, 144A | 4.000 | 04/15/29 | 1,025 | 979,514 | |
| Gtd. Notes, 144A | 6.500 | 01/15/31 | 125 | 124,369 | |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., Gtd. Notes, 144A | 4.750 | 04/01/28 | 995 | 970,140 | |
| Block, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 5.625 | 08/15/30 | 665 | 665,325 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 08/15/33 | 335 | 334,782 | |
| Clarivate Science Holdings Corp., Sr. Sec’d. Notes, 144A | 3.875 | 07/01/28 | 250 | 241,384 | |
| CompoSecure Holdings LLC, Sr. Sec’d. Notes, 144A | 5.625 | 02/01/33 | 380 | 372,045 | |
| DCLI Bidco LLC, Second Mortgage, 144A | 7.750 | 11/15/29 | 645 | 661,722 | |
| Herc Holdings, Inc., | |||||
| Gtd. Notes, 144A | 5.750 | 03/15/31 | 355 | 355,666 | |
| Gtd. Notes, 144A | 6.000 | 03/15/34 | 230 | 227,963 | |
| Gtd. Notes, 144A | 6.625 | 06/15/29 | 390 | 399,646 | |
| Gtd. Notes, 144A | 7.000 | 06/15/30 | 915 | 952,269 | |
| Gtd. Notes, 144A | 7.250 | 06/15/33 | 460 | 481,601 | |
| Hertz Corp. (The), Sr. Sec’d. Notes, 144A | 12.625 | 07/15/29 | 150 | 141,708 | |
| Mavis Tire Express Services Topco Corp., Sr. Unsec’d. Notes, 144A | 6.500 | 05/15/29 | 1,561 | 1,556,552 | |
| NESCO Holdings II, Inc., Sec’d. Notes, 144A | 5.500 | 04/15/29 | 545 | 542,290 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Commercial Services (cont’d.) | |||||
| Service Corp. International, Sr. Unsec’d. Notes | 3.375 % | 08/15/30 | 557 | $518,897 | |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Gtd. Notes, 144A | 6.750 | 08/15/32 | 905 | 903,502 | |
| United Rentals North America, Inc., | |||||
| Gtd. Notes | 3.750 | 01/15/32 | 450 | 417,701 | |
| Gtd. Notes | 4.000 | 07/15/30 | 125 | 119,825 | |
| Gtd. Notes | 4.875 | 01/15/28 | 1,740 | 1,736,483 | |
| Gtd. Notes, 144A | 5.375 | 11/15/33 | 405 | 400,576 | |
| Sec’d. Notes | 3.875 | 11/15/27 | 460 | 453,417 | |
| Valvoline, Inc., Sr. Unsec’d. Notes, 144A | 3.625 | 06/15/31 | 250 | 227,612 | |
| Veritiv Operating Co., Sr. Sec’d. Notes, 144A | 10.500 | 11/30/30 | 805 | 849,151 | |
| VT Topco, Inc., Sr. Sec’d. Notes, 144A | 8.500 | 08/15/30 | 400 | 409,253 | |
| 19,474,530 | |||||
| Computers 0.8% | |||||
| Crowdstrike Holdings, Inc., Gtd. Notes | 3.000 | 02/15/29 | 550 | 524,209 | |
| Fortress Intermediate 3, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 06/01/31 | 775 | 784,583 | |
| McAfee Corp., Sr. Unsec’d. Notes, 144A | 7.375 | 02/15/30 | 1,230 | 996,215 | |
| NCR Atleos Corp., Sr. Sec’d. Notes, 144A | 9.500 | 04/01/29 | 550 | 585,180 | |
| NCR Voyix Corp., Gtd. Notes, 144A | 5.000 | 10/01/28 | 700 | 685,539 | |
| Seagate Data Storage Technology Pte Ltd., Gtd. Notes, 144A | 5.875 | 07/15/30 | 235 | 239,851 | |
| 3,815,577 | |||||
| Cosmetics/Personal Care 0.1% | |||||
| P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A, Cash coupon 9.000% and PIK 3.500% or Cash coupon 12.000% | 12.000 | 05/15/29 | 239 | 235,786 | |
| Distribution/Wholesale 0.2% | |||||
| Velocity Vehicle Group LLC, Sr. Unsec’d. Notes, 144A | 8.000 | 06/01/29 | 350 | 343,651 | |
| Windsor Holdings III LLC, Sr. Sec’d. Notes, 144A | 8.500 | 06/15/30 | 475 | 496,699 | |
| 840,350 | |||||
| Diversified Financial Services 5.3% | |||||
| Azorra Finance Ltd., | |||||
| Gtd. Notes, 144A | 6.250 | 02/15/34 | 225 | 215,437 | |
| Gtd. Notes, 144A | 7.250 | 01/15/31 | 605 | 618,612 | |
| Gtd. Notes, 144A | 7.750 | 04/15/30 | 390 | 403,527 | |
| Bread Financial Holdings, Inc., Gtd. Notes, 144A | 6.750 | 05/15/31 | 230 | 235,029 | |
| Charles Schwab Corp. (The), Jr. Sub. Notes, Series L | 6.100(ff) | 06/01/31(oo) | 95 | 94,931 | |
| Encore Capital Group, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 6.625 | 04/15/31 | 545 | 554,052 | |
| Sr. Sec’d. Notes, 144A | 8.500 | 05/15/30 | 400 | 426,203 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Diversified Financial Services (cont’d.) | |||||
| Freedom Funding Center LLC, Sr. Unsec’d. Notes, 144A, Cash coupon 12.000% or PIK 13.000% | 12.000 % | 10/01/37 | 435 | $441,378 | |
| Freedom Mortgage Holdings LLC, | |||||
| Sr. Unsec’d. Notes, 144A | 6.875 | 05/01/31 | 1,280 | 1,234,340 | |
| Sr. Unsec’d. Notes, 144A | 9.125 | 05/15/31 | 540 | 559,360 | |
| Sr. Unsec’d. Notes, 144A | 9.250 | 02/01/29 | 350 | 362,570 | |
| GGAM Finance Ltd. (Ireland), | |||||
| Gtd. Notes, 144A | 8.000 | 02/15/27 | 225 | 226,924 | |
| Sr. Unsec’d. Notes, 144A | 5.875 | 03/15/30 | 340 | 342,506 | |
| Sr. Unsec’d. Notes, 144A | 8.000 | 06/15/28 | 450 | 468,171 | |
| goeasy Ltd. (Canada), | |||||
| Gtd. Notes, 144A | 6.875 | 02/15/31 | 144 | 119,644 | |
| Gtd. Notes, 144A | 9.250 | 12/01/28 | 30 | 28,350 | |
| Sr. Unsec’d. Notes, 144A | 7.375 | 10/01/30 | 390 | 331,434 | |
| Sr. Unsec’d. Notes, 144A | 7.625 | 07/01/29 | 165 | 147,784 | |
| Jefferies Finance LLC/JFIN Co-Issuer Corp., | |||||
| Sr. Sec’d. Notes, 144A | 6.625 | 10/15/31 | 200 | 194,743 | |
| Sr. Unsec’d. Notes, 144A | 5.000 | 08/15/28 | 325 | 311,509 | |
| LD Holdings Group LLC, Gtd. Notes, 144A | 6.125 | 04/01/28 | 175 | 151,095 | |
| Macquarie Airfinance Holdings Ltd. (United Kingdom), | |||||
| Sr. Unsec’d. Notes, 144A | 6.400 | 03/26/29 | 75 | 77,375 | |
| Sr. Unsec’d. Notes, 144A | 6.500 | 03/26/31 | 405 | 423,424 | |
| Navient Corp., | |||||
| Sr. Unsec’d. Notes | 4.875 | 03/15/28 | 550 | 537,527 | |
| Sr. Unsec’d. Notes | 5.000 | 03/15/27 | 1,725 | 1,711,856 | |
| Sr. Unsec’d. Notes | 6.750 | 06/15/26 | 250 | 250,462 | |
| Nomura Holdings, Inc. (Japan), Jr. Sub. Notes | 7.000(ff) | 07/15/30(oo) | 205 | 211,047 | |
| OneMain Finance Corp., | |||||
| Gtd. Notes | 3.875 | 09/15/28 | 375 | 362,500 | |
| Gtd. Notes | 5.375 | 11/15/29 | 1,135 | 1,114,677 | |
| Gtd. Notes | 6.125 | 05/15/30 | 265 | 264,029 | |
| Gtd. Notes | 6.625 | 05/15/29 | 550 | 559,907 | |
| Gtd. Notes | 6.750 | 03/15/32 | 625 | 624,886 | |
| Gtd. Notes | 6.750 | 09/15/33 | 963 | 947,304 | |
| Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc., Sr. Unsec’d. Notes, 144A | 7.750 | 05/15/31 | 235 | 233,926 | |
| PennyMac Financial Services, Inc., | |||||
| Gtd. Notes, 144A | 4.250 | 02/15/29 | 675 | 644,242 | |
| Gtd. Notes, 144A | 5.750 | 09/15/31 | 675 | 642,341 | |
| Gtd. Notes, 144A | 6.750 | 02/15/34 | 315 | 304,747 | |
| Gtd. Notes, 144A | 6.875 | 05/15/32 | 1,150 | 1,137,735 | |
| Gtd. Notes, 144A | 6.875 | 02/15/33 | 185 | 181,848 | |
| Gtd. Notes, 144A | 7.875 | 12/15/29 | 50 | 51,927 | |
| PRA Group, Inc., | |||||
| Gtd. Notes, 144A | 5.000 | 10/01/29 | 50 | 47,425 | |
| Gtd. Notes, 144A | 8.875 | 01/31/30 | 450 | 465,214 | |
| Rocket Cos., Inc., | |||||
| Gtd. Notes, 144A | 6.125 | 08/01/30 | 2,315 | 2,350,502 | |
| Gtd. Notes, 144A | 6.500 | 08/01/29 | 300 | 306,024 | |
| Rocket Mortgage LLC, Gtd. Notes, 144A | 5.250 | 01/15/28 | 451 | 442,320 | |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., | |||||
| Gtd. Notes, 144A | 3.625 | 03/01/29 | 275 | 263,359 | |
| Gtd. Notes, 144A | 3.875 | 03/01/31 | 1,225 | 1,137,751 | |
| Gtd. Notes, 144A | 4.000 | 10/15/33 | 1,100 | 991,457 | |
| United Wholesale Mortgage LLC, Sr. Unsec’d. Notes, 144A | 5.750 | 06/15/27 | 150 | 149,338 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Diversified Financial Services (cont’d.) | |||||
| UWM Holdings LLC, | |||||
| Gtd. Notes, 144A | 6.250 % | 03/15/31 | 280 | $260,074 | |
| Gtd. Notes, 144A | 6.625 | 02/01/30 | 240 | 230,366 | |
| 24,393,189 | |||||
| Electric 2.8% | |||||
| Constellation Energy Generation LLC, Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 1,136 | 1,128,764 | |
| Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders, Sub. Notes, 144A, Cash coupon 1.000% and PIK 12.000% | 13.000 | 06/01/28 | 125 | 117,527 | |
| NRG Energy, Inc., | |||||
| Gtd. Notes | 5.750 | 01/15/28 | 1,500 | 1,502,890 | |
| Gtd. Notes, 144A | 3.375 | 02/15/29 | 125 | 119,361 | |
| Gtd. Notes, 144A | 3.625 | 02/15/31 | 1,200 | 1,114,605 | |
| Gtd. Notes, 144A | 3.875 | 02/15/32 | 475 | 438,868 | |
| Gtd. Notes, 144A | 5.250 | 06/15/29 | 500 | 498,096 | |
| Gtd. Notes, 144A | 5.875 | 05/15/34 | 250 | 249,096 | |
| Gtd. Notes, 144A | 6.125 | 05/15/36 | 250 | 249,030 | |
| Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) | 700 | 758,795 | |
| Sr. Unsec’d. Notes, 144A | 5.750 | 01/15/34 | 305 | 302,743 | |
| PG&E Corp., | |||||
| Jr. Sub. Notes | 7.375(ff) | 03/15/55 | 400 | 410,975 | |
| Sr. Sec’d. Notes | 5.000 | 07/01/28 | 375 | 372,955 | |
| Talen Energy Supply LLC, | |||||
| Gtd. Notes, 144A | 6.500 | 02/01/36 | 175 | 175,737 | |
| Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/33 | 500 | 500,705 | |
| Vistra Corp., | |||||
| Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 2,975 | 2,982,120 | |
| Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 375 | 378,176 | |
| Vistra Operations Co. LLC, Gtd. Notes, 144A | 5.000 | 07/31/27 | 375 | 375,000 | |
| VoltaGrid LLC, Sec’d. Notes, 144A | 7.375 | 11/01/30 | 1,195 | 1,240,614 | |
| 12,916,057 | |||||
| Electrical Components & Equipment 0.6% | |||||
| Energizer Gamma Acquisition BV, Gtd. Notes | 3.500 | 06/30/29 | EUR | 100 | 112,205 |
| Energizer Holdings, Inc., | |||||
| Gtd. Notes, 144A | 4.375 | 03/31/29 | 50 | 48,100 | |
| Gtd. Notes, 144A | 6.000 | 09/15/33 | 975 | 931,705 | |
| WESCO Distribution, Inc., | |||||
| Gtd. Notes, 144A | 5.250 | 04/15/31 | 190 | 190,044 | |
| Gtd. Notes, 144A | 5.500 | 04/15/34 | 240 | 239,400 | |
| Gtd. Notes, 144A | 6.375 | 03/15/29 | 360 | 367,552 | |
| Gtd. Notes, 144A | 6.375 | 03/15/33 | 205 | 211,526 | |
| Gtd. Notes, 144A | 6.625 | 03/15/32 | 310 | 320,923 | |
| Gtd. Notes, 144A | 7.250 | 06/15/28 | 430 | 431,333 | |
| 2,852,788 | |||||
| Electronics 0.1% | |||||
| Coherent Corp., Gtd. Notes, 144A | 5.000 | 12/15/29 | 135 | 133,596 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Electronics (cont’d.) | |||||
| Sensata Technologies BV, Gtd. Notes, 144A | 4.000 % | 04/15/29 | 200 | $193,932 | |
| Sensata Technologies, Inc., Gtd. Notes, 144A | 3.750 | 02/15/31 | 300 | 279,069 | |
| 606,597 | |||||
| Engineering & Construction 0.5% | |||||
| AECOM, Gtd. Notes, 144A | 6.000 | 08/01/33 | 390 | 393,774 | |
| Brundage-Bone Concrete Pumping Holdings, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 02/01/32 | 175 | 177,986 | |
| TopBuild Corp., | |||||
| Gtd. Notes, 144A | 3.625 | 03/15/29 | 285 | 283,180 | |
| Gtd. Notes, 144A | 4.125 | 02/15/32 | 255 | 254,807 | |
| Gtd. Notes, 144A | 5.625 | 01/31/34 | 625 | 632,944 | |
| Weekley Homes LLC/Weekley Finance Corp., Sr. Unsec’d. Notes, 144A | 6.750 | 01/15/34 | 715 | 706,406 | |
| 2,449,097 | |||||
| Entertainment 3.6% | |||||
| Brightstar Lottery PLC/Brightstar Global Solutions Corp. (United Kingdom), Sr. Sec’d. Notes, 144A | 5.750 | 01/15/33 | 510 | 499,107 | |
| Caesars Entertainment, Inc., | |||||
| Gtd. Notes, 144A | 4.625 | 10/15/29 | 2,850 | 2,750,408 | |
| Sr. Sec’d. Notes, 144A | 6.500 | 02/15/32 | 340 | 330,898 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 02/15/30 | 1,325 | 1,344,749 | |
| Churchill Downs, Inc., Sr. Unsec’d. Notes, 144A | 5.750 | 04/01/30 | 475 | 474,003 | |
| Discovery Global Holdings, Inc., Gtd. Notes | 5.141 | 03/15/52 | 4,170 | 2,752,581 | |
| Jacobs Entertainment, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 200 | 195,785 | |
| Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 400 | 390,612 | |
| Light & Wonder International, Inc., Gtd. Notes, 144A | 6.250 | 10/01/33 | 455 | 451,913 | |
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 4.875 | 05/01/29 | 775 | 757,816 | |
| Penn Entertainment, Inc., | |||||
| Gtd. Notes, 144A | 6.750 | 04/01/31 | 460 | 455,749 | |
| Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 425 | 403,981 | |
| Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 180 | 179,873 | |
| Rivers Enterprise Borrower LLC, Sr. Sec’d. Notes, 144A | 6.250 | 10/15/30 | 575 | 584,956 | |
| Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 02/01/33 | 935 | 953,483 | |
| Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Sr. Unsec’d. Notes, 144A | 6.625 | 03/01/30 | 700 | 589,710 | |
| Voyager Parent LLC, Sr. Sec’d. Notes, 144A | 9.250 | 07/01/32 | 1,618 | 1,723,730 | |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., | |||||
| Gtd. Notes, 144A | 5.125 | 10/01/29 | 860 | 854,358 | |
| Gtd. Notes, 144A | 6.250 | 03/15/33 | 345 | 346,606 | |
| Gtd. Notes, 144A | 7.125 | 02/15/31 | 345 | 365,516 | |
| 16,405,834 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Environmental Control 0.9% | |||||
| Clean Harbors, Inc., Gtd. Notes, 144A | 5.750 % | 10/15/33 | 305 | $308,022 | |
| GFL Environmental Holdings US, Inc., Gtd. Notes, 144A | 5.500 | 02/01/34 | 235 | 230,887 | |
| GFL Environmental, Inc., | |||||
| Gtd. Notes, 144A | 4.000 | 08/01/28 | 465 | 453,408 | |
| Gtd. Notes, 144A | 4.375 | 08/15/29 | 540 | 527,396 | |
| Gtd. Notes, 144A | 4.750 | 06/15/29 | 275 | 271,892 | |
| Gtd. Notes, 144A | 6.750 | 01/15/31 | 195 | 202,155 | |
| Madison IAQ LLC, Sr. Unsec’d. Notes, 144A | 5.875 | 06/30/29 | 445 | 443,994 | |
| Reworld Holding Corp., Gtd. Notes, 144A | 4.875 | 12/01/29 | 1,170 | 1,119,138 | |
| Waste Pro USA, Inc., Sr. Unsec’d. Notes, 144A | 7.000 | 02/01/33 | 370 | 376,899 | |
| Wrangler Holdco Corp. (Canada), Gtd. Notes, 144A | 6.625 | 04/01/32 | 190 | 195,938 | |
| 4,129,729 | |||||
| Foods 1.6% | |||||
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||
| Gtd. Notes, 144A | 5.500 | 03/31/31 | 230 | 228,852 | |
| Gtd. Notes, 144A | 5.625 | 03/31/32 | 800 | 790,237 | |
| Gtd. Notes, 144A | 5.750 | 03/31/34 | 790 | 770,088 | |
| B&G Foods, Inc., Gtd. Notes | 5.250 | 09/15/27 | 1,875 | 1,809,689 | |
| Bellis Acquisition Co. PLC (United Kingdom), | |||||
| Sr. Sec’d. Notes | 8.000 | 07/01/31 | EUR | 296 | 331,231 |
| Sr. Sec’d. Notes | 8.125 | 05/14/30 | GBP | 325 | 408,523 |
| Lamb Weston Holdings, Inc., | |||||
| Gtd. Notes, 144A | 4.125 | 01/31/30 | 150 | 143,723 | |
| Gtd. Notes, 144A | 4.375 | 01/31/32 | 275 | 259,060 | |
| Pilgrim’s Pride Corp., Gtd. Notes | 3.500 | 03/01/32 | 375 | 342,563 | |
| Post Holdings, Inc., | |||||
| Gtd. Notes, 144A | 4.500 | 09/15/31 | 1,025 | 963,955 | |
| Gtd. Notes, 144A | 4.625 | 04/15/30 | 425 | 411,571 | |
| Gtd. Notes, 144A | 6.250 | 10/15/34 | 180 | 177,774 | |
| Gtd. Notes, 144A | 6.375 | 03/01/33 | 80 | 79,991 | |
| Gtd. Notes, 144A | 6.500 | 03/15/36 | 655 | 650,919 | |
| 7,368,176 | |||||
| Forest Products & Paper 0.1% | |||||
| Magnera Corp., Sr. Sec’d. Notes, 144A | 7.250 | 11/15/31 | 500 | 468,099 | |
| Gas 0.1% | |||||
| AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
| Sr. Unsec’d. Notes | 5.750 | 05/20/27 | 315 | 316,277 | |
| Sr. Unsec’d. Notes, 144A | 9.500 | 06/01/30 | 345 | 367,737 | |
| 684,014 | |||||
| Healthcare-Services 4.3% | |||||
| Centene Corp., | |||||
| Sr. Unsec’d. Notes | 2.500 | 03/01/31 | 629 | 546,794 | |
| Sr. Unsec’d. Notes | 2.625 | 08/01/31 | 827 | 715,551 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Healthcare-Services (cont’d.) | |||||
| Centene Corp., (cont’d.) | |||||
| Sr. Unsec’d. Notes | 3.000 % | 10/15/30 | 550 | $494,466 | |
| CHS/Community Health Systems, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 5.250 | 05/15/30 | 250 | 236,071 | |
| Sr. Sec’d. Notes, 144A | 6.000 | 01/15/29 | 425 | 422,315 | |
| Sr. Sec’d. Notes, 144A | 9.750 | 01/15/34 | 1,090 | 1,124,423 | |
| DaVita, Inc., | |||||
| Gtd. Notes, 144A | 3.750 | 02/15/31 | 2,880 | 2,672,142 | |
| Gtd. Notes, 144A | 4.625 | 06/01/30 | 2,300 | 2,226,633 | |
| LifePoint Health, Inc., | |||||
| Gtd. Notes, 144A | 5.375 | 01/15/29 | 1,900 | 1,833,286 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 05/01/34 | 845 | 824,388 | |
| Sr. Sec’d. Notes, 144A | 8.375 | 02/15/32 | 150 | 157,380 | |
| Sr. Sec’d. Notes, 144A | 9.875 | 08/15/30 | 350 | 371,263 | |
| MPH Acquisition Holdings LLC, | |||||
| Sr. Sec’d. Notes, 144A | 5.750 | 12/31/30 | 894 | 741,724 | |
| Sr. Sec’d. Notes, 144A, Cash coupon 6.500% and PIK 5.000% | 11.500 | 12/31/30 | 484 | 453,591 | |
| Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A | 9.375 | 09/01/29 | 1,375 | 1,425,487 | |
| Tenet Healthcare Corp., | |||||
| Sr. Sec’d. Notes | 4.375 | 01/15/30 | 3,500 | 3,390,758 | |
| Sr. Unsec’d. Notes | 6.875 | 11/15/31 | 2,025 | 2,156,421 | |
| 19,792,693 | |||||
| Holding Companies-Diversified 0.4% | |||||
| Clue Opco LLC, Sr. Sec’d. Notes, 144A(x) | 9.500 | 10/15/31 | 1,653 | 1,693,273 | |
| Home Builders 3.7% | |||||
| Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
| Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 750 | 717,664 | |
| Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 350 | 333,124 | |
| Sr. Unsec’d. Notes, 144A | 6.875 | 08/01/33 | 535 | 526,951 | |
| Beazer Homes USA, Inc., | |||||
| Gtd. Notes | 5.875 | 10/15/27 | 1,100 | 1,098,976 | |
| Gtd. Notes | 7.250 | 10/15/29 | 1,575 | 1,588,193 | |
| Gtd. Notes, 144A | 7.500 | 03/15/31 | 190 | 189,224 | |
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada), | |||||
| Gtd. Notes, 144A | 4.875 | 02/15/30 | 1,675 | 1,566,242 | |
| Gtd. Notes, 144A | 6.250 | 09/15/27 | 40 | 40,046 | |
| Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 600 | 576,498 | |
| Dream Finders Homes, Inc., Gtd. Notes, 144A | 6.875 | 09/15/30 | 290 | 284,488 | |
| Empire Communities Corp. (Canada), Sr. Unsec’d. Notes, 144A | 9.750 | 05/01/29 | 645 | 656,036 | |
| Forestar Group, Inc., | |||||
| Gtd. Notes, 144A | 5.000 | 03/01/28 | 975 | 967,062 | |
| Gtd. Notes, 144A | 6.500 | 03/15/33 | 745 | 748,301 | |
| KB Home, | |||||
| Gtd. Notes | 4.800 | 11/15/29 | 700 | 686,423 | |
| Gtd. Notes | 6.875 | 06/15/27 | 700 | 707,720 | |
| M/I Homes, Inc., | |||||
| Gtd. Notes | 3.950 | 02/15/30 | 375 | 356,032 | |
| Gtd. Notes | 4.950 | 02/01/28 | 350 | 348,001 | |
| Mattamy Group Corp. (Canada), | |||||
| Sr. Unsec’d. Notes, 144A | 4.625 | 03/01/30 | 808 | 768,610 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 12/15/33 | 580 | 555,971 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Home Builders (cont’d.) | |||||
| Risewell Homes, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 8.500 % | 11/01/30 | 420 | $429,186 | |
| Sr. Unsec’d. Notes, 144A | 9.250 | 10/01/29 | 250 | 259,024 | |
| Shea Homes LP/Shea Homes Funding Corp., | |||||
| Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 793 | 783,121 | |
| Sr. Unsec’d. Notes | 4.750 | 04/01/29 | 375 | 362,280 | |
| STL Holding Co. LLC, Sr. Unsec’d. Notes, 144A | 8.750 | 02/15/29 | 585 | 606,555 | |
| Taylor Morrison Communities, Inc., | |||||
| Gtd. Notes, 144A | 5.750 | 01/15/28 | 350 | 353,247 | |
| Gtd. Notes, 144A | 5.750 | 11/15/32 | 250 | 252,755 | |
| Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 580 | 577,660 | |
| Tri Pointe Homes, Inc., Gtd. Notes | 5.700 | 06/15/28 | 905 | 911,174 | |
| 17,250,564 | |||||
| Home Furnishings 0.3% | |||||
| Whirlpool Corp., | |||||
| Sr. Unsec’d. Notes | 6.125 | 06/15/30 | 225 | 220,389 | |
| Sr. Unsec’d. Notes | 6.500 | 06/15/33 | 1,175 | 1,125,229 | |
| 1,345,618 | |||||
| Household Products/Wares 0.3% | |||||
| ACCO Brands Corp., Gtd. Notes, 144A | 4.250 | 03/15/29 | 1,075 | 960,297 | |
| Kronos Acquisition Holdings, Inc. (Canada), Sr. Unsec’d. Notes, 144A | 10.750 | 06/30/32 | 670 | 218,233 | |
| 1,178,530 | |||||
| Housewares 0.8% | |||||
| Newell Brands, Inc., | |||||
| Sr. Unsec’d. Notes | 6.375 | 05/15/30 | 505 | 494,727 | |
| Sr. Unsec’d. Notes | 6.625 | 05/15/32 | 300 | 291,187 | |
| Sr. Unsec’d. Notes | 7.500 | 04/01/46 | 350 | 301,176 | |
| Sr. Unsec’d. Notes, 144A | 8.500 | 06/01/28 | 315 | 329,027 | |
| Scotts Miracle-Gro Co. (The), | |||||
| Gtd. Notes | 4.000 | 04/01/31 | 1,150 | 1,072,371 | |
| Gtd. Notes | 4.375 | 02/01/32 | 675 | 629,548 | |
| SWF Holdings I Corp., Sec’d. Notes, 144A | 6.500 | 10/06/29 | 1,404 | 420,787 | |
| 3,538,823 | |||||
| Insurance 1.6% | |||||
| Acrisure LLC/Acrisure Finance, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 7.500 | 11/06/30 | 235 | 238,628 | |
| Sr. Unsec’d. Notes, 144A | 8.250 | 02/01/29 | 1,980 | 1,986,159 | |
| Sr. Unsec’d. Notes, 144A | 8.500 | 06/15/29 | 900 | 901,076 | |
| AmWINS Group, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 6.375 | 02/15/29 | 125 | 126,525 | |
| Sr. Unsec’d. Notes, 144A | 4.875 | 06/30/29 | 525 | 507,671 | |
| Asurion LLC & Asurion Co-Issuer, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 8.000 | 12/31/32 | 765 | 799,601 | |
| Sr. Sec’d. Notes, 144A | 8.375 | 02/01/34 | 1,565 | 1,545,058 | |
| Broadstreet Partners Group LLC, Sr. Unsec’d. Notes, 144A | 5.875 | 04/15/29 | 850 | 836,681 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Insurance (cont’d.) | |||||
| HUB International Ltd., Sr. Unsec’d. Notes, 144A | 5.625 % | 12/01/29 | 300 | $296,884 | |
| Ryan Specialty LLC, Sr. Sec’d. Notes, 144A | 5.875 | 08/01/32 | 300 | 300,290 | |
| 7,538,573 | |||||
| Internet 0.8% | |||||
| Gen Digital, Inc., | |||||
| Gtd. Notes, 144A | 6.250 | 04/01/33 | 496 | 483,371 | |
| Gtd. Notes, 144A | 6.750 | 09/30/27 | 540 | 542,665 | |
| Gtd. Notes, 144A | 7.125 | 09/30/30 | 400 | 405,943 | |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc., | |||||
| Gtd. Notes, 144A | 3.500 | 03/01/29 | 750 | 701,372 | |
| Gtd. Notes, 144A | 5.250 | 12/01/27 | 215 | 214,265 | |
| ION Platform Finance US, Inc./ION Platform Finance Sarl, | |||||
| Sr. Sec’d. Notes, 144A | 4.625 | 05/01/28 | 215 | 198,177 | |
| Sr. Sec’d. Notes, 144A | 5.000 | 05/01/28 | 330 | 303,851 | |
| Snap, Inc., | |||||
| Gtd. Notes, 144A | 6.875 | 03/01/33 | 535 | 521,041 | |
| Gtd. Notes, 144A | 6.875 | 03/15/34 | 250 | 242,076 | |
| 3,612,761 | |||||
| Iron/Steel 1.5% | |||||
| Big River Steel LLC/BRS Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 01/31/29 | 1,034 | 1,035,985 | |
| Champion Iron Canada, Inc. (Canada), Gtd. Notes, 144A | 7.875 | 07/15/32 | 350 | 366,811 | |
| Cleveland-Cliffs, Inc., | |||||
| Gtd. Notes, 144A | 4.625 | 03/01/29 | 125 | 120,514 | |
| Gtd. Notes, 144A | 6.750 | 04/15/30 | 550 | 548,173 | |
| Gtd. Notes, 144A | 6.875 | 11/01/29 | 410 | 417,680 | |
| Gtd. Notes, 144A | 7.000 | 03/15/32 | 465 | 464,595 | |
| Gtd. Notes, 144A | 7.375 | 05/01/33 | 295 | 297,816 | |
| Gtd. Notes, 144A | 7.500 | 09/15/31 | 785 | 798,465 | |
| Gtd. Notes, 144A | 7.625 | 01/15/34 | 405 | 409,005 | |
| Commercial Metals Co., | |||||
| Sr. Unsec’d. Notes, 144A | 5.750 | 11/15/33 | 350 | 350,084 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 12/15/35 | 420 | 419,550 | |
| Mineral Resources Ltd. (Australia), | |||||
| Sr. Unsec’d. Notes, 144A | 6.000 | 05/01/32 | 485 | 481,280 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 05/01/34 | 235 | 232,182 | |
| Sr. Unsec’d. Notes, 144A | 7.000 | 04/01/31 | 265 | 274,697 | |
| Sr. Unsec’d. Notes, 144A | 9.250 | 10/01/28 | 698 | 724,175 | |
| Sr. Unsec’d. Notes, 144A, MTN | 8.500 | 05/01/30 | 75 | 77,247 | |
| 7,018,259 | |||||
| Leisure Time 1.4% | |||||
| A&K Travel Group Holdings Ltd. (United Kingdom), Gtd. Notes, 144A | 7.500 | 05/15/33 | 375 | 376,406 | |
| Carnival Corp., | |||||
| Gtd. Notes, 144A | 5.750 | 03/15/30 | 900 | 913,041 | |
| Gtd. Notes, 144A | 5.750 | 08/01/32 | 905 | 909,616 | |
| Lindblad Expeditions LLC, Sr. Sec’d. Notes, 144A | 7.000 | 09/15/30 | 485 | 498,238 | |
| NCL Corp. Ltd., | |||||
| Sr. Unsec’d. Notes, 144A | 6.250 | 03/01/30 | 750 | 748,125 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 09/15/33 | 230 | 222,307 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Leisure Time (cont’d.) | |||||
| NCL Corp. Ltd., (cont’d.) | |||||
| Sr. Unsec’d. Notes, 144A | 6.750 % | 02/01/32 | 630 | $626,913 | |
| Sr. Unsec’d. Notes, 144A | 7.750 | 02/15/29 | 460 | 480,042 | |
| NCL Finance Ltd., Gtd. Notes, 144A | 6.125 | 03/15/28 | 175 | 176,888 | |
| Patrick Industries, Inc., | |||||
| Gtd. Notes, 144A | 4.750 | 05/01/29 | 75 | 73,677 | |
| Gtd. Notes, 144A | 6.375 | 11/01/32 | 380 | 382,847 | |
| Viking Cruises Ltd., Gtd. Notes, 144A | 9.125 | 07/15/31 | 50 | 52,515 | |
| Viking Ocean Cruises Ship VII Ltd., Sr. Sec’d. Notes, 144A | 5.625 | 02/15/29 | 1,025 | 1,023,739 | |
| 6,484,354 | |||||
| Lodging 1.5% | |||||
| Boyd Gaming Corp., Gtd. Notes, 144A | 4.750 | 06/15/31 | 900 | 867,273 | |
| Hilton Domestic Operating Co., Inc., | |||||
| Gtd. Notes, 144A | 3.625 | 02/15/32 | 500 | 458,498 | |
| Gtd. Notes, 144A | 5.750 | 09/15/33 | 120 | 120,748 | |
| MGM Resorts International, | |||||
| Gtd. Notes | 4.625 | 09/01/26 | 125 | 124,916 | |
| Gtd. Notes | 4.750 | 10/15/28 | 225 | 222,898 | |
| Gtd. Notes | 5.500 | 04/15/27 | 1,011 | 1,013,208 | |
| Gtd. Notes | 6.125 | 09/15/29 | 735 | 745,147 | |
| Gtd. Notes | 6.500 | 04/15/32 | 1,465 | 1,484,707 | |
| Wyndham Hotels & Resorts, Inc., Gtd. Notes, 144A | 5.625 | 03/01/33 | 275 | 272,284 | |
| Wynn Macau Ltd. (Macau), | |||||
| Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/29 | 500 | 487,250 | |
| Sr. Unsec’d. Notes, 144A | 5.500 | 10/01/27 | 350 | 348,635 | |
| Sr. Unsec’d. Notes, 144A | 5.625 | 08/26/28 | 850 | 845,018 | |
| 6,990,582 | |||||
| Machinery-Construction & Mining 0.2% | |||||
| Terex Corp., | |||||
| Gtd. Notes, 144A | 5.000 | 05/15/29 | 485 | 481,800 | |
| Gtd. Notes, 144A | 6.250 | 10/15/32 | 455 | 462,144 | |
| 943,944 | |||||
| Machinery-Diversified 0.7% | |||||
| Chart Industries, Inc., | |||||
| Gtd. Notes, 144A | 9.500 | 01/01/31 | 210 | 220,938 | |
| Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 700 | 726,840 | |
| Columbus McKinnon Corp., Sr. Sec’d. Notes, 144A | 7.125 | 02/01/33 | 205 | 206,203 | |
| Esab Corp., | |||||
| Gtd. Notes, 144A | 5.625 | 04/01/31 | 245 | 247,139 | |
| Gtd. Notes, 144A | 6.250 | 04/15/29 | 90 | 91,264 | |
| GrafTech Finance, Inc., Sec’d. Notes, 144A | 4.625 | 12/23/29 | 655 | 420,270 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Machinery-Diversified (cont’d.) | |||||
| LSF12 Helix Parent LLC, Sr. Sec’d. Notes, 144A | 7.125 % | 02/01/33 | 320 | $312,420 | |
| Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A | 11.500 | 09/01/28 | 885 | 924,569 | |
| 3,149,643 | |||||
| Media 5.7% | |||||
| CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
| Gtd. Notes, 144A | 5.375 | 06/01/29 | 1,085 | 1,068,477 | |
| Sr. Unsec’d. Notes | 4.500 | 05/01/32 | 100 | 87,927 | |
| Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 1,010 | 916,689 | |
| Sr. Unsec’d. Notes, 144A | 4.750 | 03/01/30 | 475 | 450,333 | |
| Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 275 | 272,113 | |
| Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/27 | 21 | 20,998 | |
| Sr. Unsec’d. Notes, 144A | 7.000 | 02/01/33 | 895 | 882,668 | |
| CSC Holdings LLC, | |||||
| Gtd. Notes, 144A | 3.375 | 02/15/31 | 500 | 300,025 | |
| Gtd. Notes, 144A | 4.125 | 12/01/30 | 575 | 342,919 | |
| Gtd. Notes, 144A | 5.375 | 02/01/28 | 2,500 | 1,864,808 | |
| Gtd. Notes, 144A | 5.500 | 04/15/27 | 765 | 645,469 | |
| Gtd. Notes, 144A | 6.500 | 02/01/29 | 825 | 511,910 | |
| Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 1,875 | 661,704 | |
| Sr. Unsec’d. Notes, 144A | 5.750 | 01/15/30 | 1,350 | 484,750 | |
| DISH DBS Corp., | |||||
| Gtd. Notes | 5.125 | 06/01/29 | 40 | 36,782 | |
| Gtd. Notes | 7.375 | 07/01/28 | 25 | 24,430 | |
| Gtd. Notes | 7.750 | 07/01/26 | 5,605 | 5,588,648 | |
| DISH Network Corp., Sr. Sec’d. Notes, 144A | 11.750 | 11/15/27 | 25 | 25,788 | |
| EchoStar Corp., | |||||
| Sr. Sec’d. Notes, Cash coupon 6.750% or PIK 6.750% | 6.750 | 11/30/30 | 58 | 59,300 | |
| Sr. Sec’d. Notes | 10.750 | 11/30/29 | 3,150 | 3,416,286 | |
| Gray Media, Inc., | |||||
| Gtd. Notes, 144A | 5.375 | 11/15/31 | 650 | 508,838 | |
| Sec’d. Notes, 144A | 9.625 | 07/15/32 | 280 | 284,772 | |
| Sr. Sec’d. Notes, 144A | 7.250 | 08/15/33 | 275 | 280,213 | |
| Sr. Sec’d. Notes, 144A | 10.500 | 07/15/29 | 90 | 95,535 | |
| iHeartCommunications, Inc., Sr. Sec’d. Notes, 144A | 7.750 | 08/15/30 | 825 | 793,645 | |
| Nexstar Media, Inc., Sr. Sec’d. Notes, 144A | 6.500 | 09/15/33 | 445 | 448,492 | |
| Paramount Global, Gtd. Notes | 4.950 | 05/19/50 | 525 | 330,212 | |
| Radiate Holdco LLC/Radiate Finance, Inc., Sr. Sec’d. Notes, 144A, Cash coupon 6.000% and PIK 3.250% | 9.250 | 03/25/30 | 737 | 602,503 | |
| Sinclair Television Group, Inc., Sr. Sec’d. Notes, 144A | 8.125 | 02/15/33 | 1,170 | 1,211,389 | |
| Sirius XM Radio LLC, Gtd. Notes, 144A | 5.000 | 08/01/27 | 700 | 698,286 | |
| Univision Communications, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 4.500 | 05/01/29 | 225 | 214,908 | |
| Sr. Sec’d. Notes, 144A | 9.375 | 08/01/32 | 845 | 874,863 | |
| Virgin Media O2 Vendor Financing Notes VI DAC (Ireland), Sr. Sec’d. Notes, 144A | 8.500 | 03/15/33 | 875 | 784,610 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Media (cont’d.) | |||||
| Virgin Media Secured Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A | 5.500 % | 05/15/29 | 875 | $843,526 | |
| VZ Secured Financing BV (Netherlands), Sr. Sec’d. Notes, 144A | 5.000 | 01/15/32 | 550 | 483,247 | |
| 26,117,063 | |||||
| Mining 2.1% | |||||
| Arsenal AIC Parent LLC, | |||||
| Sr. Sec’d. Notes, 144A | 8.000 | 10/01/30 | 195 | 204,287 | |
| Unsec’d. Notes, 144A | 11.500 | 10/01/31 | 475 | 513,824 | |
| Capstone Copper Corp. (Canada), Gtd. Notes, 144A | 6.750 | 03/31/33 | 300 | 305,250 | |
| Century Aluminum Co., Sr. Sec’d. Notes, 144A | 6.875 | 08/01/32 | 385 | 398,832 | |
| Coeur Mining, Inc., | |||||
| Gtd. Notes, 144A | 5.125 | 02/15/29 | 165 | 164,133 | |
| Sr. Unsec’d. Notes, 144A | 6.875 | 04/01/32 | 580 | 597,776 | |
| Eldorado Gold Corp. (Turkey), Sr. Unsec’d. Notes, 144A | 6.250 | 09/01/29 | 820 | 820,476 | |
| First Quantum Minerals Ltd. (Zambia), | |||||
| Gtd. Notes, 144A | 6.375 | 02/15/36 | 890 | 873,891 | |
| Gtd. Notes, 144A | 7.250 | 02/15/34 | 525 | 541,243 | |
| Gtd. Notes, 144A | 8.000 | 03/01/33 | 555 | 582,001 | |
| Gtd. Notes, 144A | 8.625 | 06/01/31 | 500 | 520,635 | |
| Hudbay Minerals, Inc. (Canada), Gtd. Notes, 144A | 6.125 | 04/01/29 | 865 | 867,076 | |
| Novelis Corp., | |||||
| Gtd. Notes, 144A | 3.875 | 08/15/31 | 240 | 217,984 | |
| Gtd. Notes, 144A | 4.750 | 01/30/30 | 1,125 | 1,078,103 | |
| Gtd. Notes, 144A | 6.875 | 01/30/30 | 340 | 348,475 | |
| PLS Group Ltd. (Australia), Sr. Unsec’d. Notes, 144A | 6.875 | 05/01/31 | 175 | 179,153 | |
| Skeena Resources Ltd. (Canada), Sr. Sec’d. Notes, 144A | 8.500 | 04/01/31 | 965 | 1,010,403 | |
| Taseko Mines Ltd. (Canada), Sr. Sec’d. Notes, 144A | 8.250 | 05/01/30 | 340 | 355,195 | |
| 9,578,737 | |||||
| Miscellaneous Manufacturing 0.4% | |||||
| Amsted Industries, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 4.625 | 05/15/30 | 610 | 591,015 | |
| Sr. Unsec’d. Notes, 144A | 6.375 | 03/15/33 | 200 | 203,247 | |
| Avient Corp., Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/31 | 115 | 116,617 | |
| Axon Enterprise, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 6.125 | 03/15/30 | 310 | 316,981 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 03/15/33 | 260 | 266,905 | |
| Trinity Industries, Inc., Gtd. Notes, 144A | 7.750 | 07/15/28 | 360 | 368,836 | |
| 1,863,601 | |||||
| Office/Business Equipment 0.1% | |||||
| Zebra Technologies Corp., Gtd. Notes, 144A | 6.500 | 06/01/32 | 235 | 239,568 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Oil & Gas 5.1% | |||||
| Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A | 7.500 % | 10/01/29 | 295 | $308,025 | |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
| Gtd. Notes, 144A | 6.625 | 07/15/33 | 450 | 462,488 | |
| Gtd. Notes, 144A | 9.000 | 11/01/27 | 687 | 787,603 | |
| Sr. Unsec’d. Notes, 144A | 6.625 | 10/15/32 | 290 | 297,758 | |
| CNX Resources Corp., | |||||
| Gtd. Notes, 144A | 5.875 | 03/01/34 | 195 | 193,383 | |
| Gtd. Notes, 144A | 7.250 | 03/01/32 | 295 | 307,235 | |
| Comstock Resources, Inc., | |||||
| Gtd. Notes, 144A | 5.875 | 01/15/30 | 725 | 702,234 | |
| Gtd. Notes, 144A | 6.750 | 03/01/29 | 750 | 748,991 | |
| Crescent Energy Finance LLC, | |||||
| Gtd. Notes, 144A | 7.375 | 01/15/33 | 530 | 541,941 | |
| Gtd. Notes, 144A | 7.625 | 04/01/32 | 530 | 546,550 | |
| Gtd. Notes, 144A | 7.875 | 04/15/32 | 330 | 341,882 | |
| Gtd. Notes, 144A | 8.375 | 01/15/34 | 350 | 369,805 | |
| Gtd. Notes, 144A | 9.750 | 10/15/30 | 225 | 240,311 | |
| Diamond Foreign Asset Co./Diamond Finance LLC, Sec’d. Notes, 144A | 8.500 | 10/01/30 | 357 | 376,617 | |
| Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
| Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 400 | 399,875 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 500 | 498,112 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 475 | 469,818 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/28 | 643 | 646,140 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 04/15/32 | 590 | 586,265 | |
| Sr. Unsec’d. Notes, 144A | 6.875 | 05/15/34 | 220 | 221,087 | |
| Sr. Unsec’d. Notes, 144A | 7.250 | 02/15/35 | 530 | 540,150 | |
| Sr. Unsec’d. Notes, 144A | 8.375 | 11/01/33 | 193 | 206,760 | |
| Matador Resources Co., | |||||
| Gtd. Notes, 144A | 6.000 | 04/15/34 | 340 | 341,135 | |
| Gtd. Notes, 144A | 6.500 | 04/15/32 | 295 | 300,864 | |
| Nabors Industries, Inc., | |||||
| Gtd. Notes, 144A | 7.625 | 11/15/32 | 525 | 548,143 | |
| Gtd. Notes, 144A | 8.875 | 08/15/31 | 515 | 543,495 | |
| Gtd. Notes, 144A | 9.125 | 01/31/30 | 805 | 845,421 | |
| New Generation Gas Gathering LLC, | |||||
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 8.913(c) | 09/30/29 | 189 | 186,351 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 8.913(c) | 09/30/29 | 227 | 223,622 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 8.913(c) | 09/30/29 | 189 | 186,351 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 8.913(c) | 09/30/29 | 57 | 55,905 | |
| Noble Finance II LLC, Gtd. Notes, 144A | 8.000 | 04/15/30 | 585 | 608,837 | |
| Permian Resources Operating LLC, Gtd. Notes, 144A | 7.000 | 01/15/32 | 295 | 306,865 | |
| Precision Drilling Corp. (Canada), Gtd. Notes, 144A | 6.875 | 01/15/29 | 673 | 678,135 | |
| Range Resources Corp., Gtd. Notes, 144A | 4.750 | 02/15/30 | 450 | 441,716 | |
| SM Energy Co., | |||||
| Gtd. Notes, 144A | 6.750 | 08/01/29 | 225 | 230,826 | |
| Gtd. Notes, 144A | 8.625 | 11/01/30 | 490 | 518,424 | |
| Gtd. Notes, 144A | 8.750 | 07/01/31 | 200 | 209,779 | |
| Gtd. Notes, 144A | 9.625 | 06/15/33 | 465 | 518,451 | |
| Sunoco LP, | |||||
| Gtd. Notes, 144A | 5.625 | 03/15/31 | 240 | 240,785 | |
| Gtd. Notes, 144A | 6.250 | 07/01/33 | 315 | 321,567 | |
| Gtd. Notes, 144A | 7.000 | 05/01/29 | 540 | 557,347 | |
| Sr. Unsec’d. Notes, 144A | 4.500 | 10/01/29 | 530 | 519,044 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Oil & Gas (cont’d.) | |||||
| Sunoco LP, (cont’d.) | |||||
| Sr. Unsec’d. Notes, 144A | 4.625 % | 05/01/30 | 695 | $675,971 | |
| Sr. Unsec’d. Notes, 144A | 6.625 | 08/15/32 | 200 | 204,375 | |
| Sunoco LP/Sunoco Finance Corp., | |||||
| Gtd. Notes | 4.500 | 05/15/29 | 730 | 716,686 | |
| Gtd. Notes | 4.500 | 04/30/30 | 625 | 607,088 | |
| Gtd. Notes | 5.875 | 03/15/28 | 75 | 75,084 | |
| Transocean International Ltd., | |||||
| Gtd. Notes, 144A | 7.875 | 10/15/32 | 190 | 203,399 | |
| Gtd. Notes, 144A | 8.250 | 05/15/29 | 1,315 | 1,364,589 | |
| Gtd. Notes, 144A | 8.500 | 05/15/31 | 745 | 788,493 | |
| Sr. Sec’d. Notes, 144A | 8.750 | 02/15/30 | 434 | 452,992 | |
| Valaris Ltd., Sec’d. Notes, 144A | 8.375 | 04/30/30 | 395 | 410,472 | |
| 23,675,242 | |||||
| Oil & Gas Services 0.4% | |||||
| Archrock Services LP/Archrock Partners Finance Corp., Gtd. Notes, 144A | 6.000 | 02/01/34 | 260 | 261,491 | |
| Kodiak Gas Services LLC, | |||||
| Gtd. Notes, 144A | 5.875 | 04/01/31 | 330 | 332,192 | |
| Gtd. Notes, 144A | 6.500 | 10/01/33 | 205 | 209,541 | |
| Gtd. Notes, 144A | 6.750 | 10/01/35 | 170 | 176,577 | |
| SESI LLC, Sr. Sec’d. Notes, 144A | 7.875 | 09/30/30 | 215 | 221,557 | |
| Tidewater, Inc., Gtd. Notes, 144A | 9.125 | 07/15/30 | 300 | 322,992 | |
| Weatherford International Ltd., Gtd. Notes, 144A | 6.750 | 10/15/33 | 415 | 429,878 | |
| 1,954,228 | |||||
| Packaging & Containers 2.1% | |||||
| ARD Finance SA (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% | 6.500 | 06/30/27(d) | —(r) | — | |
| Ardagh Group SA, | |||||
| Sec’d. Notes, 144A, Cash coupon 5.500% and PIK 6.500% | 12.000 | 12/01/30 | 600 | 538,440 | |
| Sec’d. Notes, 144A, Cash coupon 4.500% and PIK 7.500% | 12.000 | 12/01/30 | EUR | 700 | 732,729 |
| Sr. Sec’d. Notes, 144A | 9.500 | 12/01/30 | 714 | 757,336 | |
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, | |||||
| Sr. Sec’d. Notes, 144A | 3.250 | 09/01/28 | 200 | 191,250 | |
| Sr. Sec’d. Notes, 144A | 6.250 | 01/30/31 | 210 | 211,646 | |
| Sr. Unsec’d. Notes, 144A | 4.000 | 09/01/29 | 200 | 186,250 | |
| Ball Corp., Gtd. Notes | 5.500 | 09/15/33 | 205 | 205,393 | |
| Clydesdale Acquisition Holdings, Inc., | |||||
| Gtd. Notes, 144A | 8.750 | 04/15/30 | 775 | 703,047 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 04/15/32 | 600 | 564,137 | |
| Sr. Sec’d. Notes, 144A | 6.875 | 01/15/30 | 65 | 63,696 | |
| Graphic Packaging International LLC, Gtd. Notes, 144A | 3.500 | 03/01/29 | 350 | 331,474 | |
| Iris Holding, Inc., Sr. Unsec’d. Notes, 144A | 10.000 | 12/15/28 | 420 | 357,095 | |
| LABL, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 5.875 | 11/01/28(d) | 530 | 225,028 | |
| Sr. Sec’d. Notes, 144A | 8.625 | 10/01/31(d) | 315 | 136,270 | |
| Sr. Sec’d. Notes, 144A | 9.500 | 11/01/28(d) | 545 | 238,878 | |
| Sr. Unsec’d. Notes, 144A | 10.500 | 07/15/27(d) | 850 | 49,051 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Packaging & Containers (cont’d.) | |||||
| Mauser Packaging Solutions Holding Co., Sr. Sec’d. Notes, 144A | 7.875 % | 04/15/30 | 807 | $815,742 | |
| OI European Group BV, Gtd. Notes, 144A | 4.750 | 02/15/30 | 185 | 171,489 | |
| Owens-Brockway Glass Container, Inc., Gtd. Notes, 144A | 6.625 | 05/13/27 | 80 | 80,027 | |
| Sword Purchaser LLC, Sr. Sec’d. Notes, 144A | 8.250 | 04/15/33 | 260 | 266,041 | |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC (Canada), Sr. Sec’d. Notes, 144A | 9.500 | 05/15/30 | 600 | 525,804 | |
| Trident TPI Holdings, Inc., Gtd. Notes, 144A | 12.750 | 12/31/28 | 1,905 | 1,911,235 | |
| TriMas Corp., Gtd. Notes, 144A | 4.125 | 04/15/29 | 250 | 240,045 | |
| 9,502,103 | |||||
| Pharmaceuticals 1.7% | |||||
| 1261229 BC Ltd., Sr. Sec’d. Notes, 144A | 10.000 | 04/15/32 | 3,213 | 3,317,422 | |
| AdaptHealth LLC, | |||||
| Gtd. Notes, 144A | 4.625 | 08/01/29 | 1,050 | 1,015,512 | |
| Gtd. Notes, 144A | 5.125 | 03/01/30 | 525 | 510,677 | |
| Gtd. Notes, 144A | 6.125 | 08/01/28 | 470 | 470,284 | |
| Bausch Health Cos., Inc. (Canada), | |||||
| Gtd. Notes, 144A | 5.000 | 01/30/28 | 475 | 405,089 | |
| Gtd. Notes, 144A | 5.000 | 02/15/29 | 200 | 141,634 | |
| Gtd. Notes, 144A | 5.250 | 01/30/30 | 500 | 325,000 | |
| Gtd. Notes, 144A | 5.250 | 02/15/31 | 680 | 403,900 | |
| Gtd. Notes, 144A | 6.250 | 02/15/29 | 25 | 18,375 | |
| Gtd. Notes, 144A | 7.000 | 01/15/28 | 250 | 219,383 | |
| Sr. Sec’d. Notes, 144A | 4.875 | 06/01/28 | 578 | 541,152 | |
| Organon & Co./Organon Foreign Debt Co-Issuer BV, Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 625 | 621,038 | |
| 7,989,466 | |||||
| Pipelines 3.6% | |||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
| Gtd. Notes, 144A | 5.375 | 06/15/29 | 250 | 249,722 | |
| Gtd. Notes, 144A | 5.750 | 01/15/28 | 1,260 | 1,260,105 | |
| Gtd. Notes, 144A | 5.750 | 07/01/34 | 240 | 239,516 | |
| Gtd. Notes, 144A | 6.625 | 02/01/32 | 105 | 107,813 | |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., | |||||
| Sr. Unsec’d. Notes, 144A | 7.000 | 07/15/29 | 105 | 108,636 | |
| Sr. Unsec’d. Notes, 144A | 7.250 | 07/15/32 | 95 | 99,323 | |
| Global Partners LP/GLP Finance Corp., | |||||
| Gtd. Notes | 6.875 | 01/15/29 | 300 | 302,649 | |
| Gtd. Notes, 144A | 7.125 | 07/01/33 | 290 | 297,107 | |
| Gtd. Notes, 144A | 8.250 | 01/15/32 | 225 | 235,782 | |
| Howard Midstream Energy Partners LLC, Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/34 | 425 | 431,970 | |
| NGL Energy Operating LLC/NGL Energy Finance Corp., Sr. Sec’d. Notes, 144A | 8.125 | 02/15/29 | 180 | 186,705 | |
| Prairie Acquiror LP, Sr. Sec’d. Notes, 144A | 9.000 | 08/01/29 | 95 | 99,307 | |
| Rockies Express Pipeline LLC, | |||||
| Sr. Unsec’d. Notes, 144A | 4.800 | 05/15/30 | 335 | 326,502 | |
| Sr. Unsec’d. Notes, 144A | 4.950 | 07/15/29 | 90 | 88,926 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Pipelines (cont’d.) | |||||
| Rockies Express Pipeline LLC, (cont’d.) | |||||
| Sr. Unsec’d. Notes, 144A | 6.750 % | 03/15/33 | 240 | $250,209 | |
| Sr. Unsec’d. Notes, 144A | 6.875 | 04/15/40 | 1,295 | 1,307,950 | |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
| Gtd. Notes, 144A | 5.500 | 01/15/28 | 1,404 | 1,400,663 | |
| Gtd. Notes, 144A | 6.000 | 12/31/30 | 290 | 291,437 | |
| Gtd. Notes, 144A | 6.750 | 03/15/34 | 300 | 306,446 | |
| Sr. Unsec’d. Notes, 144A | 7.375 | 02/15/29 | 460 | 473,663 | |
| Venture Global Calcasieu Pass LLC, | |||||
| Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 485 | 464,499 | |
| Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 285 | 267,162 | |
| Sr. Sec’d. Notes, 144A | 6.000 | 05/01/36 | 230 | 231,257 | |
| Sr. Sec’d. Notes, 144A | 6.250 | 01/15/30 | 400 | 411,743 | |
| Venture Global LNG, Inc., | |||||
| Jr. Sub. Notes, 144A | 9.000(ff) | 09/30/29(oo) | 850 | 839,932 | |
| Sr. Sec’d. Notes, 144A | 8.125 | 06/01/28 | 85 | 86,948 | |
| Sr. Sec’d. Notes, 144A | 9.500 | 02/01/29 | 1,755 | 1,915,581 | |
| Sr. Sec’d. Notes, 144A | 9.875 | 02/01/32 | 825 | 885,015 | |
| Venture Global Plaquemines LNG LLC, | |||||
| Sr. Sec’d. Notes, 144A | 6.125 | 12/15/30 | 921 | 949,722 | |
| Sr. Sec’d. Notes, 144A | 6.500 | 01/15/34 | 500 | 523,792 | |
| Sr. Sec’d. Notes, 144A | 6.500 | 06/15/34 | 485 | 505,746 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 01/15/36 | 415 | 441,072 | |
| Sr. Sec’d. Notes, 144A | 7.500 | 05/01/33 | 552 | 612,473 | |
| Sr. Sec’d. Notes, 144A | 7.750 | 05/01/35 | 546 | 613,220 | |
| 16,812,593 | |||||
| Real Estate 1.0% | |||||
| Five Point Operating Co. LP, Gtd. Notes, 144A | 8.000 | 10/01/30 | 305 | 312,723 | |
| Greystar Real Estate Partners LLC, Sr. Sec’d. Notes, 144A | 7.750 | 09/01/30 | 200 | 208,454 | |
| Howard Hughes Corp. (The), | |||||
| Gtd. Notes, 144A | 4.125 | 02/01/29 | 1,350 | 1,301,234 | |
| Gtd. Notes, 144A | 4.375 | 02/01/31 | 700 | 656,116 | |
| Sr. Unsec’d. Notes, 144A | 5.875 | 03/01/32 | 525 | 514,463 | |
| Sr. Unsec’d. Notes, 144A | 6.125 | 03/01/34 | 580 | 568,335 | |
| Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 1,125 | 1,090,409 | |
| 4,651,734 | |||||
| Real Estate Investment Trusts (REITs) 2.1% | |||||
| Brandywine Operating Partnership LP, | |||||
| Gtd. Notes | 6.125 | 01/15/31 | 635 | 590,866 | |
| Gtd. Notes | 8.875 | 04/12/29 | 100 | 104,727 | |
| Diversified Healthcare Trust, | |||||
| Gtd. Notes | 4.375 | 03/01/31 | 711 | 639,383 | |
| Sr. Sec’d. Notes, 144A | 7.250 | 10/15/30 | 235 | 240,164 | |
| Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 750 | 728,736 | |
| Millrose Properties, Inc., | |||||
| Gtd. Notes, 144A | 6.250 | 09/15/32 | 540 | 542,531 | |
| Gtd. Notes, 144A | 6.375 | 08/01/30 | 800 | 810,332 | |
| MPT Operating Partnership LP/MPT Finance Corp., | |||||
| Gtd. Notes | 3.500 | 03/15/31 | 1,350 | 969,901 | |
| Sr. Sec’d. Notes, 144A | 8.500 | 02/15/32 | 300 | 311,614 | |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, | |||||
| Gtd. Notes, 144A | 7.000 | 02/01/30 | 250 | 255,438 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Real Estate Investment Trusts (REITs) (cont’d.) | |||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, (cont’d.) | |||||
| Sr. Sec’d. Notes, 144A | 4.875 % | 05/15/29 | 400 | $388,843 | |
| RHP Hotel Properties LP/RHP Finance Corp., | |||||
| Gtd. Notes, 144A | 4.500 | 02/15/29 | 525 | 515,328 | |
| Gtd. Notes, 144A | 5.750 | 03/15/34 | 225 | 223,772 | |
| Gtd. Notes, 144A | 6.500 | 04/01/32 | 315 | 323,351 | |
| Rithm Capital Corp., | |||||
| Sr. Unsec’d. Notes, 144A | 8.000 | 04/01/29 | 100 | 100,447 | |
| Sr. Unsec’d. Notes, 144A | 8.000 | 07/15/30 | 415 | 415,289 | |
| SBA Communications Corp., Sr. Unsec’d. Notes | 3.125 | 02/01/29 | 275 | 264,737 | |
| Starwood Property Trust, Inc., | |||||
| Gtd. Notes, 144A | 5.250 | 10/15/28 | 165 | 164,502 | |
| Sr. Unsec’d. Notes, 144A | 4.375 | 01/15/27 | 450 | 448,152 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 250 | 252,577 | |
| Sr. Unsec’d. Notes, 144A | 6.500 | 07/01/30 | 275 | 281,626 | |
| Sr. Unsec’d. Notes, 144A | 6.500 | 10/15/30 | 225 | 231,385 | |
| Sr. Unsec’d. Notes, 144A | 7.250 | 04/01/29 | 740 | 766,860 | |
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Gtd. Notes, 144A | 6.000 | 01/15/30 | 130 | 125,649 | |
| 9,696,210 | |||||
| Retail 3.9% | |||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||
| Sec’d. Notes, 144A | 4.000 | 10/15/30 | 2,400 | 2,283,000 | |
| Sr. Sec’d. Notes, 144A | 3.875 | 01/15/28 | 188 | 184,240 | |
| Arko Corp., Gtd. Notes, 144A | 5.125 | 11/15/29 | 750 | 676,009 | |
| Brinker International, Inc., Gtd. Notes, 144A | 8.250 | 07/15/30 | 725 | 758,605 | |
| Carvana Co., | |||||
| Sr. Sec’d. Notes, 144A | 9.000 | 06/01/30 | 2,989 | 3,109,133 | |
| Sr. Sec’d. Notes, 144A | 9.000 | 06/01/31 | 2,568 | 2,840,015 | |
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., Gtd. Notes, 144A | 6.750 | 01/15/30 | 1,025 | 992,329 | |
| FirstCash, Inc., Sr. Unsec’d. Notes, 144A | 6.125 | 05/01/34 | 590 | 588,680 | |
| Gap, Inc. (The), | |||||
| Gtd. Notes, 144A | 3.625 | 10/01/29 | 600 | 566,275 | |
| Gtd. Notes, 144A | 3.875 | 10/01/31 | 525 | 479,980 | |
| LBM Acquisition LLC, | |||||
| Gtd. Notes, 144A | 6.250 | 01/15/29 | 720 | 498,791 | |
| Sr. Sec’d. Notes, 144A | 9.500 | 06/15/31 | 595 | 521,974 | |
| LCM Investments Holdings II LLC, Sr. Unsec’d. Notes, 144A | 4.875 | 05/01/29 | 913 | 894,143 | |
| Lithia Motors, Inc., | |||||
| Gtd. Notes, 144A | 5.500 | 10/01/30 | 410 | 407,940 | |
| Sr. Unsec’d. Notes, 144A | 3.875 | 06/01/29 | 475 | 454,919 | |
| Park River Holdings, Inc., | |||||
| Sec’d. Notes, 144A | 8.750 | 12/31/30 | 612 | 580,542 | |
| Sr. Sec’d. Notes, 144A | 8.000 | 03/15/31 | 615 | 618,827 | |
| QXO Building Products, Inc., Sr. Sec’d. Notes, 144A | 6.750 | 04/30/32 | 190 | 193,825 | |
| Sally Holdings LLC/Sally Capital, Inc., Gtd. Notes | 6.750 | 04/01/32 | 425 | 437,914 | |
| Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 06/01/31 | 555 | 533,886 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Retail (cont’d.) | |||||
| Superior Plus LP/Superior General Partner, Inc. (Canada), Gtd. Notes, 144A | 4.500 % | 03/15/29 | 365 | $353,408 | |
| White Cap Supply Holdings LLC, Gtd. Notes, 144A | 7.375 | 11/15/30 | 240 | 242,659 | |
| 18,217,094 | |||||
| Semiconductors 0.0% | |||||
| Entegris, Inc., Sr. Sec’d. Notes, 144A | 4.750 | 04/15/29 | 225 | 223,520 | |
| Software 1.1% | |||||
| CoreWeave, Inc., | |||||
| Gtd. Notes, 144A | 9.000 | 02/01/31 | 840 | 834,931 | |
| Gtd. Notes, 144A | 9.250 | 06/01/30 | 1,210 | 1,225,129 | |
| Gtd. Notes, 144A | 9.750 | 10/01/31 | 735 | 739,554 | |
| Fair Isaac Corp., Sr. Unsec’d. Notes, 144A | 4.000 | 06/15/28 | 260 | 253,906 | |
| OAK-Eagle Acquireco, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 7.250 | 07/01/33 | 535 | 550,568 | |
| Sr. Unsec’d. Notes, 144A | 8.750 | 07/01/34 | 425 | 441,613 | |
| SS&C Technologies, Inc., Gtd. Notes, 144A | 5.500 | 09/30/27 | 865 | 864,917 | |
| 4,910,618 | |||||
| Telecommunications 7.2% | |||||
| Altice Financing SA (Luxembourg), Sr. Sec’d. Notes, 144A | 9.625 | 07/15/27 | 500 | 383,750 | |
| Altice France SA (France), Sr. Sec’d. Notes, 144A | 6.875 | 07/15/32 | 139 | 136,286 | |
| APLD ComputeCo 2 LLC, Sr. Sec’d. Notes, 144A | 6.750 | 03/15/31 | 770 | 763,328 | |
| APLD ComputeCo LLC, Sr. Sec’d. Notes, 144A | 9.250 | 12/15/30 | 475 | 510,241 | |
| Black Pearl Compute LLC, Sr. Sec’d. Notes, 144A | 6.125 | 02/15/31 | 860 | 872,913 | |
| Cipher Compute LLC, Sr. Sec’d. Notes, 144A | 7.125 | 11/15/30 | 400 | 414,807 | |
| Connect Finco Sarl/Connect US Finco LLC (United Kingdom), Sr. Sec’d. Notes, 144A | 9.000 | 09/15/29 | 275 | 289,988 | |
| Connect Holding II LLC, Sr. Sec’d. Notes, 144A | 10.500 | 04/03/31 | 2,000 | 2,037,181 | |
| Core Scientific Finance I LLC, Sr. Sec’d. Notes, 144A(x) | 7.750 | 05/15/31 | 685 | 683,369 | |
| Digicel Group Holdings Ltd. (Jamaica), | |||||
| Sr. Sec’d. Notes, Series 1B14, 144A | 0.000 | 12/31/30 | 513 | 51 | |
| Sr. Sec’d. Notes, Series 3B14, 144A^ | 0.000 | 12/31/30 | 34 | — | |
| Digicel International Finance Ltd./DIFL US LLC (Jamaica), Sr. Sec’d. Notes, 144A | 8.625 | 08/01/32 | 1,410 | 1,462,875 | |
| Flash Compute LLC, Sr. Sec’d. Notes, 144A | 7.250 | 12/31/30 | 320 | 326,421 | |
| Frontier Communications Holdings LLC, | |||||
| Sec’d. Notes | 5.875 | 11/01/29 | 450 | 452,473 | |
| Sec’d. Notes, 144A | 6.000 | 01/15/30 | 825 | 829,728 | |
| Sec’d. Notes, 144A | 6.750 | 05/01/29 | 450 | 450,000 | |
| Sr. Sec’d. Notes, 144A | 5.000 | 05/01/28 | 2,175 | 2,175,000 | |
| Sr. Sec’d. Notes, 144A | 8.750 | 05/15/30 | 425 | 435,099 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Telecommunications (cont’d.) | |||||
| Iliad Holding SAS (France), | |||||
| Sr. Sec’d. Notes, 144A | 7.000 % | 10/15/28 | 1,175 | $1,181,004 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 04/15/32 | 600 | 609,240 | |
| Sr. Sec’d. Notes, 144A | 8.500 | 04/15/31 | 335 | 355,408 | |
| Level 3 Financing, Inc., | |||||
| Gtd. Notes, 144A | 3.625 | 01/15/29 | 700 | 665,977 | |
| Gtd. Notes, 144A | 8.500 | 01/15/36 | 2,170 | 2,327,592 | |
| Sr. Sec’d. Notes, 144A | 6.875 | 06/30/33 | 1,000 | 1,032,772 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 03/31/34 | 1,085 | 1,127,998 | |
| Lumen Technologies, Inc., Sr. Unsec’d. Notes, 144A | 5.375 | 06/15/29 | 275 | 265,852 | |
| Meridian Arc Holdco LLC, Sr. Sec’d. Notes, 144A | 6.250 | 04/30/31 | 1,675 | 1,675,184 | |
| PR RNO Property Owner 1 LLC, Sr. Sec’d. Notes, 144A | 6.500 | 05/01/31 | 1,065 | 1,055,643 | |
| Sable International Finance Ltd. (Panama), Sr. Sec’d. Notes, 144A | 7.125 | 10/15/32 | 450 | 451,508 | |
| SV RNO Property Owner 1 LLC, Sr. Sec’d. Notes, 144A | 5.875 | 03/01/31 | 1,745 | 1,716,864 | |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, | |||||
| Gtd. Notes, 144A | 6.500 | 02/15/29 | 1,675 | 1,644,771 | |
| Gtd. Notes, 144A | 8.625 | 06/15/32 | 390 | 408,492 | |
| Gtd. Notes, 144A | 8.625 | 06/15/32 | 765 | 800,184 | |
| Sr. Sec’d. Notes, 144A | 4.750 | 04/15/28 | 300 | 298,992 | |
| Uniti Services LLC, Sr. Sec’d. Notes, 144A | 7.500 | 10/15/33 | 1,490 | 1,569,873 | |
| Vmed O2 UK Financing I PLC (United Kingdom), Sr. Sec’d. Notes, 144A | 6.750 | 01/15/33 | 560 | 512,344 | |
| Windstream Services LLC/Windstream Escrow Finance Corp., Sr. Sec’d. Notes, 144A | 8.250 | 10/01/31 | 1,400 | 1,481,176 | |
| WULF Compute LLC, Sr. Sec’d. Notes, 144A | 7.750 | 10/15/30 | 880 | 924,564 | |
| Zayo Group Holdings, Inc., Sr. Sec’d. Notes, 144A, Cash coupon 5.750% and PIK 0.500% | 9.250 | 03/09/30 | 551 | 551,525 | |
| Zegona Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A | 8.625 | 07/15/29 | 275 | 288,104 | |
| 33,168,577 | |||||
| Transportation 0.3% | |||||
| GB AIT Buyer, Inc., Sr. Unsec’d. Notes, 144A | 8.750 | 04/30/34 | 155 | 155,833 | |
| RXO, Inc., Gtd. Notes, 144A | 6.375 | 05/15/31 | 145 | 144,054 | |
| Star Leasing Co. LLC, Sec’d. Notes, 144A | 7.625 | 02/15/30 | 895 | 864,813 | |
| XPO, Inc., | |||||
| Gtd. Notes, 144A | 7.125 | 06/01/31 | 150 | 155,296 | |
| Gtd. Notes, 144A | 7.125 | 02/01/32 | 205 | 213,957 | |
| 1,533,953 | |||||
| Total Corporate Bonds (cost $396,938,654) | 395,069,120 | ||||
| Floating Rate and Other Loans 6.2% | |||||
| Aerospace & Defense 0.1% | |||||
| PAC DAC LLC, Initial Term Loan, 1 Month SOFR + 3.250% | 6.913(c) | 10/28/30 | 299 | 296,258 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Floating Rate and Other Loans (Continued) | |||||
| Airlines 0.0% | |||||
| Vista Management Holding, Inc., Initial Term Loan, 1 Month SOFR + 3.750% | 7.442 %(c) | 04/01/31 | 132 | $131,102 | |
| Auto Parts & Equipment 0.6% | |||||
| Clarios Global LP, Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | 6.402(c) | 01/28/32 | 1,320 | 1,325,375 | |
| First Brands Group LLC, 2021 Second Lien Term Loan | 13.070 | 03/30/28(d) | 1,829 | 805 | |
| Tenneco, Inc., | |||||
| Term A Loan, 3 Month SOFR + 4.750% | 8.506(c) | 11/17/28 | 1,002 | 1,000,384 | |
| Term B Loan, 1 Month SOFR + 5.000% | 8.756(c) | 11/17/28 | 380 | 379,483 | |
| 2,706,047 | |||||
| Building Materials 0.1% | |||||
| American Bath/CP Atlas Buyer, Inc., 2025 Term B Loan, 1 Month SOFR + 5.250% | 8.902(c) | 07/08/30 | 244 | 217,185 | |
| Quikrete Holdings, Inc., Tranche Term B-3 Loan, 1 Month SOFR + 2.250% | 5.902(c) | 02/10/32 | 322 | 321,872 | |
| 539,057 | |||||
| Chemicals 0.4% | |||||
| ARC Falcon I, Inc. (Canada), Term B Loan, 1 Month SOFR + 4.500% | 8.165(c) | 04/01/33 | 170 | 158,780 | |
| Iris Holdings Ltd., Initial Term Loan, 3 Month SOFR + 4.750% | 8.513(c) | 06/28/28 | 439 | 413,759 | |
| TPC Group, Inc., Initial Term Loan, 1 Month SOFR + 5.750% | 9.386(c) | 12/16/31 | 654 | 622,041 | |
| Venator Finance Sarl, | |||||
| Initial First Out Term Loan^ | 13.894 | 07/16/26(d) | 543 | 407,510 | |
| Term Loan^ | 13.905 | 10/12/28(d) | 807 | 16,136 | |
| Venator Materials LLC, First Out Term B Loan^ | 14.002 | 07/16/26(d) | 550 | 412,287 | |
| 2,030,513 | |||||
| Commercial Services 0.3% | |||||
| Allied Universal Holdco LLC, Amendment No. 7 Replacement US Dollar Term Loan, 1 Month SOFR + 3.250% | 6.902(c) | 08/20/32 | 729 | 730,815 | |
| MPH Acquisition Holdings LLC, | |||||
| First Term Out Loan, 1 Month SOFR + 3.750% | 7.417(c) | 12/31/30 | 595 | 593,390 | |
| Second Out Term Loan, 1 Month SOFR + 4.600% | 8.263(c) | 12/31/30 | 317 | 282,411 | |
| 1,606,616 | |||||
| Computers 0.5% | |||||
| Bingo Holdings I LLC, Term Loan, 1 Month SOFR + 4.750% | 8.450(c) | 06/30/32 | 498 | 491,903 | |
| McAfee Corp., Refinancing Tranche B-1, 1 Month SOFR + 3.000% | 6.652(c) | 03/01/29 | 1,550 | 1,361,943 | |
| NCR Atleos Corp., Term B Loan, 3 Month SOFR + 3.000% | 6.686(c) | 04/16/29 | 458 | 456,086 | |
| NCR Atleos LLC, Term A Loan, 1 Month SOFR + 2.500% | 6.163(c) | 10/16/28 | 186 | 185,118 | |
| 2,495,050 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Floating Rate and Other Loans (Continued) | |||||
| Diversified Financial Services 0.0% | |||||
| Focus Financial Partners LLC, Tranche B Incremental Term Loan, 1 Month SOFR + 2.500% | 6.152 %(c) | 09/15/31 | 50 | $49,211 | |
| Electric 0.1% | |||||
| Heritage Power LLC, Term Loan, 1 Month SOFR + 5.500%^ | 10.700(c) | 07/20/28 | 230 | 225,192 | |
| Entertainment 0.1% | |||||
| Crown Finance US, Inc. (United Kingdom), Term B Loan, 3 Month SOFR + 4.500% | 8.157(c) | 12/02/31 | 140 | 139,454 | |
| Great Canadian (Canada), 2024 Refinancing Term Loan, 1 Month SOFR + 4.750% | 9.087(c) | 11/01/29 | 291 | 282,907 | |
| 422,361 | |||||
| Forest Products & Paper 0.0% | |||||
| Magnera Corp., New Term Loan, 1 Month SOFR + 4.250% | 7.923(c) | 11/04/31 | 194 | 186,480 | |
| Healthcare-Services 0.0% | |||||
| LifePoint Health, Inc., Term B Loan, 1 Month SOFR + 3.750% | 7.423(c) | 05/16/31 | 224 | 222,678 | |
| Holding Companies-Diversified 0.0% | |||||
| Clue OpCo LLC, Term B Loan, 1 Month SOFR + 4.500% | 8.163(c) | 12/19/30 | 62 | 61,204 | |
| Insurance 0.4% | |||||
| Acrisure LLC, 2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | 6.652(c) | 11/06/30 | 957 | 940,605 | |
| Asurion LLC, | |||||
| New Term B-04 Loan, 1 Month SOFR + 5.250% | 9.017(c) | 01/20/29 | 483 | 483,934 | |
| New Term B-12 Loan, 1 Month SOFR + 4.250% | 7.902(c) | 09/19/30 | 197 | 197,106 | |
| 1,621,645 | |||||
| Internet 0.0% | |||||
| Diamond Sports Net LLC, First Lien Exit Term Loan | —(p) | 01/02/28 | 479 | 86,286 | |
| Investment Companies 0.3% | |||||
| Hurricane CleanCo Ltd. (United Kingdom), Facility A^ | 12.500 | 10/31/29 | 852 | 1,199,063 | |
| Leisure Time 0.3% | |||||
| ClubCorp Holdings, Inc., Term Loan, 3 Month SOFR + 4.750%^ | 8.450(c) | 07/09/32 | 479 | 469,730 | |
| International Park Holdings BV (Netherlands), 2025 Facility B, 3 Month EURIBOR + 5.250%^ | 7.374(c) | 01/30/32 | EUR | 900 | 1,043,081 |
| 1,512,811 | |||||
| Machinery-Diversified 0.1% | |||||
| Graftech Global Enterprises, Inc., Initial Term Loan, 1 Month SOFR + 6.000% | 9.667(c) | 12/21/29 | 278 | 265,626 | |
| Media 1.5% | |||||
| Altice Financing SA (Luxembourg), 2022 Dollar Loan, 3 Month SOFR + 5.000% | 8.673(c) | 10/31/27 | 421 | 319,888 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Floating Rate and Other Loans (Continued) | |||||
| Media (cont’d.) | |||||
| CSC Holdings LLC, 2019 September Term Loan, PRIME + 1.500% | 8.250 %(c) | 04/15/27 | 1,938 | $1,708,630 | |
| Radiate Holdco LLC, | |||||
| Closing Date Term Loan, 1 Month SOFR + 4.000% | 7.652(c) | 06/26/29 | 43 | 42,465 | |
| Delayed Draw Term Loan | 1.500 | 06/26/29 | 43 | 42,465 | |
| First Out Term Loan, 1 Month SOFR + 3.500% | 8.767(c) | 09/25/29 | 5,181 | 4,713,550 | |
| 6,826,998 | |||||
| Metal Fabricate/Hardware 0.5% | |||||
| Doncasters US Finance LLC (United Kingdom), | |||||
| 2025 Term Loan, 1 Month SOFR + 6.500%^ | 10.200(c) | 04/23/30 | 79 | 79,398 | |
| Initial Term Loan, 1 Month SOFR + 6.500%^ | 10.200(c) | 04/23/30 | 2,102 | 2,107,355 | |
| 2,186,753 | |||||
| Oil & Gas 0.1% | |||||
| Hilcorp Energy I LP, Repriced Term Loan, 1 Month SOFR + 1.750% | 5.411(c) | 02/11/30 | 297 | 297,247 | |
| Packaging & Containers 0.0% | |||||
| LABL, Inc., | |||||
| Interim New Money Dollar Term Loan, 1 Month SOFR + 6.750% | 10.428(c) | 12/31/26 | 93 | 92,291 | |
| Term Loan, 1 Month SOFR + 6.750%^ | 10.455(c) | 11/03/26 | 90 | 75,546 | |
| 167,837 | |||||
| Retail 0.0% | |||||
| LBM Acquisition LLC, Incremental Term B Loan, 1 Month SOFR + 3.850% | 7.502(c) | 06/06/31 | 87 | 72,615 | |
| White Cap Supply Holdings LLC, Tranche Term C Loan, 1 Month SOFR + 3.250% | 6.918(c) | 10/19/29 | 100 | 99,366 | |
| 171,981 | |||||
| Software 0.1% | |||||
| Skillsoft Finance II, Inc., Initial Term Loan, 1 Month SOFR + 5.250% | 9.017(c) | 07/14/28 | 858 | 458,855 | |
| Telecommunications 0.7% | |||||
| Connect Finco Sarl (United Kingdom), Amendment No. 4 Term Loan, 1 Month SOFR + 4.500% | 8.152(c) | 09/27/29 | 327 | 327,761 | |
| Connect Holdings 2 LLC, Delayed Draw Term B Loan | —(p) | 04/03/31 | 592 | 563,993 | |
| Level 3 Financing, Inc., Term B-4 Loan, 1 Month SOFR + 3.250% | 6.902(c) | 03/29/32 | 504 | 505,079 | |
| Viasat, Inc., Initial Term Loan, 1 Month SOFR + 4.500% | 8.267(c) | 05/30/30 | 444 | 444,961 | |
| Xplore, Inc., | |||||
| Initial Term Loan, 1 Month SOFR + 5.000% | 8.767(c) | 10/24/29 | 244 | 219,589 | |
| Second Out Term Loan, 1 Month SOFR + 1.500% | 6.000(c) | 10/24/31 | 923 | 602,545 | |
| Zayo Group Holdings, Inc., Dollar Term Loan, 1 Month SOFR + 3.500% | 7.282(c) | 03/11/30 | 425 | 424,275 | |
| 3,088,203 | |||||
| Total Floating Rate and Other Loans (cost $32,150,796) | 28,855,074 | ||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| U.S. Treasury Obligations 1.7% | |||||
| U.S. Treasury Notes(h)(k) | 3.375 % | 02/29/28 | 1,710 | $1,695,038 | |
| U.S. Treasury Notes(k) | 3.500 | 03/15/29 | 2,700 | 2,670,469 | |
| U.S. Treasury Notes(h)(k) | 3.750 | 08/31/26 | 1,535 | 1,534,820 | |
| U.S. Treasury Notes(h)(k) | 4.125 | 10/31/26 | 1,200 | 1,202,109 | |
| U.S. Treasury Notes(k) | 4.250 | 11/30/26 | 105 | 105,316 | |
| U.S. Treasury Notes(k) | 4.250 | 12/31/26 | 550 | 551,783 | |
| Total U.S. Treasury Obligations (cost $7,762,107) | 7,759,535 | ||||
| Shares | |||||
| Affiliated Exchange-Traded Fund 0.6% | |||||
| Fixed Income | |||||
| PGIM AAA CLO ETF (cost $2,708,583)(wa) | 53,020 | 2,719,396 | |||
| Common Stocks 2.7% | |||||
| Chemicals 0.3% | |||||
| Cornerstone Chemical Co.*(x) | 43,850 | 219,250 | |||
| TPC Group, Inc.* | 67,793 | 1,333,285 | |||
| Venator Materials PLC*^(x) | 2,297 | — | |||
| 1,552,535 | |||||
| Containers & Packaging 0.0% | |||||
| Ardagh Holdings SA (Luxembourg), 144A* | 375 | 2,250 | |||
| Electric Utilities 0.2% | |||||
| GenOn Energy Holdings, Inc. (Class A Stock)*^ | 9,187 | 275,610 | |||
| Keycon Power Holdings LLC*^ | 12,469 | 437,662 | |||
| 713,272 | |||||
| Gas Utilities 0.3% | |||||
| Ferrellgas Partners LP* | 47,385 | 1,199,457 | |||
| Interactive Media & Services 0.0% | |||||
| Diamond Sports Group LLC*(x) | 64,608 | 13,309 | |||
| Oil, Gas & Consumable Fuels 0.6% | |||||
| Expand Energy Corp. | 4,221 | 431,175 | |||
| Heritage Power LLC, Exit Financing - Participation on Account of Backstop Shares & Exit Financing - Reserve Shares* | 1,340 | 96,145 | |||
| Heritage Power LLC, Exit Financing Participation Shares & Backstop Shares* | 30,465 | 2,185,864 | |||
| Heritage Power LLC, Litigation Trust Interests*^ | 35,061 | 17,530 | |||
| 2,730,714 | |||||
| Software 0.0% | |||||
| Mitel Networks International Ltd. (Canada)*^ | 304 | 3 | |||
| Wireless Telecommunication Services 1.3% | |||||
| Altice France SA (France)* | 9,822 | 203,012 | |||
| Digicel International Finance Ltd. (Jamaica)* | 231,054 | 5,862,995 | |||
| Stonepeak Falcon Holdings, Inc. (Canada) (Class A Stock)*(x) | 79,554 | 58,576 | |||
| Xplore, Inc. (Canada), CVR*^(x) | 4,100 | 1 | |||
| 6,124,584 | |||||
| Total Common Stocks (cost $9,353,182) | 12,336,124 | ||||
| Description | Shares | Value | |||
| Preferred Stocks 1.0% | |||||
| Consumer Staples Distribution & Retail 0.4% | |||||
| LABL, Inc., 12.000%, Maturing 12/31/79 | 184 | $184,000 | |||
| LABL, Inc., 12.000%, Maturing 12/31/79 | 61 | 61,000 | |||
| QXO, Inc., Series C, 4.750%, Maturing 04/01/33 | 135 | 1,502,043 | |||
| 1,747,043 | |||||
| Electronic Equipment, Instruments & Components 0.6% | |||||
| Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^ | 2,625 | 2,854,688 | |||
| Wireless Telecommunication Services 0.0% | |||||
| Digicel International Finance Ltd. (Jamaica)*^ | 18,040 | 233,138 | |||
| Total Preferred Stocks (cost $4,230,190) | 4,834,869 | ||||
| Units | |||||
| Warrants* 0.0% | |||||
| Interactive Media & Services | |||||
| Diamond Sports Group LLC, expiring 06/30/26(x) (cost $0) | 120,837 | 1 | |||
| Total Long-Term Investments (cost $453,143,512) | 451,574,119 | ||||
| Shares | |||||
| Short-Term Investments 1.7% | |||||
| Affiliated Mutual Fund 1.7% | |||||
| PGIM Core Government Money Market Fund (7-day effective yield 3.780%) (cost $7,916,596)(wa) | 7,916,596 | 7,916,596 | |||
| Options Purchased*~ 0.0% | |||||
| (cost $60,760) | 55,385 | ||||
| Total Short-Term Investments (cost $7,977,356) | 7,971,981 | ||||
| TOTAL INVESTMENTS 99.5% (cost $461,120,868) | 459,546,100 | ||||
| Other assets in excess of liabilities(z) 0.5% | 2,193,582 | ||||
| Net Assets 100.0% | $461,739,682 | ||||
| Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
| EUR—Euro | |
| GBP—British Pound |
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | ||
| BARC—Barclays Bank PLC | ||
| BOA—Bank of America, N.A. | ||
| CDX—Credit Derivative Index | ||
| CLO—Collateralized Loan Obligation | ||
| CVR—Contingent Value Rights | ||
| DAC—Designated Activity Company | ||
| ETF—Exchange-Traded Fund | ||
| EURIBOR—Euro Interbank Offered Rate | ||
| HSBC—HSBC Bank PLC | ||
| IBEX—Spanish Stock Index | |
| LP—Limited Partnership | |
| MSI—Morgan Stanley & Co. International PLC | |
| MTN—Medium Term Note | |
| N/A—Not Applicable | |
| PIK—Payment-in-Kind | |
| Q—Quarterly payment frequency for swaps | |
| REITs—Real Estate Investment Trust | |
| SOFR—Secured Overnight Financing Rate | |
| TD—The Toronto-Dominion Bank | |
| UAG—UBS AG |
| * | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ~ | See tables subsequent to the Schedule of Investments for options detail. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $11,652,752 and 2.5% of net assets. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2026. |
| (d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
| (ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
| (h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
| (k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
| (r) | Principal or notional amount is less than $500 par. |
| (wa) | Represents investments in Funds affiliated with the Manager. |
| (x) | The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law. |
| Issuer | Acquisition Date | Original Cost | Market Value | Percentage of Net Assets | ||||
| Clue Opco LLC, Sr. Sec’d. Notes, 144A, 9.500%, 10/15/31 | 09/22/23-04/11/25 | $1,607,127 | $1,693,273 | 0.4 % | ||||
| Core Scientific Finance I LLC, Sr. Sec’d. Notes, 144A, 7.750%, 05/15/31 | 04/22/26 | 679,863 | 683,369 | 0.2 | ||||
| Cornerstone Chemical Co.*^ | 12/06/23 | 833,150 | 219,250 | 0.0 | ||||
| Cornerstone Chemical Co. LLC, Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 10.000%, 10.000%, 05/07/29^ | 05/07/25-04/30/26 | 910,564 | 927,604 | 0.2 | ||||
| Diamond Sports Group LLC* | 01/02/25 | 169,163 | 13,309 | 0.0 | ||||
| Diamond Sports Group LLC, expiring 06/30/26* | 01/02/25 | — | 1 | 0.0 | ||||
| Stonepeak Falcon Holdings, Inc. (Canada)(Class A Stock)* | 10/17/24-10/24/24 | 348,840 | 58,576 | 0.0 | ||||
| Venator Materials PLC*^ | 03/08/19-10/19/23 | 4,596,226 | — | 0.0 | ||||
| Xplore, Inc. (Canada), CVR*^ | 10/24/24 | 42 | 1 | 0.0 | ||||
| Total | $9,144,975 | $3,595,383 | 0.8% |
| Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
| ClubCorp Holdings, Inc., Delayed Draw Term Loan, 1.000%, Maturity Date 07/09/32 (cost $30,999)^ | 31 | $30,789 | $— | $(210) | ||||
| ClubCorp Holdings, Inc., Revolver Loan, 0.500%, Maturity Date 07/10/31 (cost $51,665)^ | 52 | 51,314 | — | (351) | ||||
| Doncasters US Finance LLC, 2025 Delayed Draw Term Loan, 1.500%, Maturity Date 04/01/30 (cost $120,000)^ | 120 | 120,300 | 300 | — | ||||
| Graftech Global Enterprises, Inc., Delayed Draw Term Loan, 3.750%, Maturity Date 12/21/29 (cost $159,324) | 159 | 151,787 | — | (7,537) | ||||
| Radiate Holdco LLC, Delayed Draw Term Loan, 1.500%, Maturity Date 06/26/29 (cost $85,000) | 85 | 84,929 | — | (71) | ||||
| $439,119 | $300 | $(8,169) |
| Issuer | Shares | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
| QXO, Inc., 4.750%, Maturity Date 12/31/79 (cost $670,000)^ | 67 | $670,000 | $— | $— |
| OTC Swaptions | |||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
| CDX.NA.HY.46.V1, 06/20/31 | Put | BARC | 07/15/26 | $106.00 | CDX.NA.HY.46.V1(Q) | 5.00%(Q) | 3,472 | $31,649 | |||||||||
| CDX.NA.HY.46.V1, 06/20/31 | Put | BOA | 07/15/26 | $106.00 | CDX.NA.HY.46.V1(Q) | 5.00%(Q) | 868 | 7,912 | |||||||||
| CDX.NA.HY.46.V1, 06/20/31 | Put | BOA | 07/15/26 | $106.00 | CDX.NA.HY.46.V1(Q) | 5.00%(Q) | 1,736 | 15,824 | |||||||||
| Total Options Purchased (cost $60,760) | $55,385 | ||||||||||||||||
| Futures contracts outstanding at April 30, 2026: | ||||||||
| Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
| Long Positions: | ||||||||
| 142 | 2 Year U.S. Treasury Notes | Jun. 2026 | $29,411,750 | $(256,398) | ||||
| 501 | 5 Year U.S. Treasury Notes | Jun. 2026 | 54,025,806 | (428,624) | ||||
| 196 | 10 Year U.S. Treasury Notes | Jun. 2026 | 21,676,375 | (400,615) | ||||
| 9 | 20 Year U.S. Treasury Bonds | Jun. 2026 | 1,015,594 | (41,059) | ||||
| 378 | IBEX 35 Index | Jun. 2026 | 68,777,100 | 1,084,333 | ||||
| (42,363) | ||||||||
| Short Position: | ||||||||
| 5 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2026 | 575,156 | 25,813 | ||||
| $(16,550) | ||||||||
| Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
| British Pound, | |||||||||||||
| Expiring 05/12/26 | HSBC | GBP | 1,235 | $1,665,568 | $1,680,016 | $14,448 | $— | ||||||
| Euro, | |||||||||||||
| Expiring 05/12/26 | TD | EUR | 2,121 | 2,485,281 | 2,490,604 | 5,323 | — | ||||||
| $4,150,849 | $4,170,620 | 19,771 | — | ||||||||||
| Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
| British Pound, | |||||||||||||
| Expiring 05/12/26 | UAG | GBP | 1,235 | $1,654,665 | $1,680,016 | $— | $(25,351) | ||||||
| Expiring 06/02/26 | HSBC | GBP | 1,235 | 1,665,524 | 1,679,970 | — | (14,446) | ||||||
| Euro, | |||||||||||||
| Expiring 05/12/26 | MSI | EUR | 2,121 | 2,462,017 | 2,490,605 | — | (28,588) | ||||||
| Expiring 06/02/26 | TD | EUR | 2,121 | 2,487,750 | 2,493,056 | — | (5,306) | ||||||
| $8,269,956 | $8,343,647 | — | (73,691) | ||||||||||
| $19,771 | $(73,691) | ||||||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at April 30, 2026(4) | Value at Trade Date | Value at April 30, 2026 | Unrealized Appreciation (Depreciation) | |||||||||
| Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | ||||||||||||||||
| CDX.NA.HY.45.V2 | 12/20/30 | 5.000%(Q) | 15,870 | 3.124% | $1,146,946 | $1,249,971 | $103,025 | |||||||||
| CDX.NA.HY.46.V1 | 06/20/31 | 5.000%(Q) | 36,185 | 3.303% | 1,828,090 | 2,789,793 | 961,703 | |||||||||
| $2,975,036 | $4,039,764 | $1,064,728 | ||||||||||||||
| (1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |