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AllianceBernstein Global High Income Fund, Inc.

Portfolio of Investments

June 30, 2026 (unaudited)


	Principal Amount (000)			U.S. $ Value

CORPORATES - NON-INVESTMENT GRADE – 64.6%
Industrial – 54.7%
Basic – 3.9%
Alcoa Nederland Holding BV 4.125%, 03/31/2029^(a)		U.S.$	745	$	725,292
Alumina Pty Ltd. 6.125%, 03/15/2030^(a)			912		925,454
6.375%, 09/15/2032^(a)			1,153		1,173,255
Arcosa, Inc. 6.875%, 08/15/2032^(a)			1,237		1,290,649
ASP Unifrax Holdings, Inc. 7.10% (7.10% Cash or 5.85% Cash and 1.25% PIK), 09/30/2029^(a)(b)			2,701		8,179
10.425% (10.425% Cash or 11.175% PIK or 6.425% Cash and 4.75% PIK), 09/30/2029^(a)(b)(c)			3,042		1,241,467
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV 4.75%, 06/15/2027^(a)			265		264,205
Celanese US Holdings LLC 6.50%, 04/15/2030			184		187,530
6.75%, 04/15/2033			555		565,514
7.00%, 02/15/2031			580		596,768
7.165%, 07/15/2027^(c)			415		424,009
7.375%, 02/15/2034			1,205		1,244,687
7.70%, 11/15/2033^(c)			481		513,891
Chemours Co. (The) 7.875%, 03/15/2034^(a)			556		558,798
Clydesdale Acquisition Holdings, Inc. 6.875%, 01/15/2030^(a)			65		64,999
8.75%, 04/15/2030^(a)			583		575,157
Commercial Metals Co. 5.75%, 11/15/2033^(a)			609		605,065
Compass Minerals International, Inc. 8.00%, 07/01/2030^(a)			406		427,798
Constellium SE 3.75%, 04/15/2029^(a)			295		283,314
5.625%, 06/15/2028^(a)			886		885,067
CVR Partners LP/CVR Nitrogen Finance Corp. 6.125%, 06/15/2028^(a)			360		359,257
Domtar Corp. 6.75%, 10/01/2028^(a)			423		292,771
Element Solutions, Inc. 3.875%, 09/01/2028^(a)			2,215		2,160,806
Fortescue Treasury Pty Ltd. 4.375%, 04/01/2031^(a)			1,170		1,115,181
4.50%, 09/15/2027^(a)			190		188,464
5.875%, 04/15/2030^(a)			43		43,579
6.125%, 04/15/2032^(a)			2,651		2,726,983
Graphic Packaging International LLC 3.50%, 03/15/2028^(a)			841		815,601
3.75%, 02/01/2030^(a)			1,661		1,560,574
Hybar LLC 7.375%, 07/01/2034^(a)			210		210,961
INEOS Finance PLC 6.375%, 04/15/2029^(a)		EUR	1,029		1,155,160
Ingevity Corp. 3.875%, 11/01/2028^(a)		U.S.$	495		479,500
Magnetation LLC/Mag Finance Corp. 11.00%, 05/15/2023^{(d)(e)(f)(g)(h)}			2,857		0
Mativ Holdings, Inc. 8.00%, 10/01/2029^(a)			336		333,802
Methanex Corp. 5.125%, 10/15/2027			547		546,436
Nouryon Finance BV 6.125%, 07/15/2031^(a)		EUR	473		548,675
Olin Corp. 5.00%, 02/01/2030		U.S.$	1,383		1,340,544
5.625%, 08/01/2029			1,596		1,584,921


	Principal Amount (000)			U.S. $ Value

6.625%, 04/01/2033^(a)		U.S.$	659	$	651,105
Olympus Water US Holding Corp. 6.75%, 08/01/2032^(a)			1,296		1,265,964
Roller Bearing Co. of America, Inc. 4.375%, 10/15/2029^(a)			143		139,596
Skeena Resources Ltd. 8.50%, 04/01/2031^(a)			1,065		1,118,225
Solstice Advanced Materials, Inc. 5.625%, 09/30/2033^(a)			591		587,195
SunCoke Energy, Inc. 4.875%, 06/30/2029^(a)			414		391,599
Sword Purchaser LLC 8.25%, 04/15/2033^(a)			2,045		2,115,314
Vibrantz Technologies, Inc. 9.00%, 02/28/2031^(e)			11		5,659
WR Grace Holdings LLC 6.625%, 08/15/2032^(a)			722		699,706
7.00%, 08/01/2033^(a)			3,200		3,119,632
7.375%, 03/01/2031^(a)			82		82,339

					38,200,647


Capital Goods – 4.8%
Amsted Industries, Inc. 6.375%, 03/15/2033^(a)			149		150,656
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 5.00%, 01/30/2031^(a)		EUR	437		502,100
6.25%, 01/30/2031^(a)		U.S.$	415		419,150
Artera Services LLC 8.50%, 02/15/2031^(a)			36		32,402
Axon Enterprise, Inc. 6.125%, 03/15/2030^(a)			1,931		1,969,882
6.25%, 03/15/2033^(a)			1,211		1,241,802
Biffa Group Holdings Ltd. 5.25%, 06/15/2031^(a)		EUR	1,241		1,420,243
Bombardier, Inc. 6.75%, 06/15/2033^(a)		U.S.$	175		181,246
7.25%, 07/01/2031^(a)			862		902,396
7.45%, 05/01/2034^(a)			1,798		1,988,346
8.75%, 11/15/2030^(a)			1,295		1,369,768
Brand Industrial Services, Inc. 10.375%, 08/01/2030^(a)			436		355,310
Calderys Financing LLC 11.25%, 06/01/2028^(a)			1,689		1,749,686
Columbus McKinnon Corp./NY 7.125%, 02/01/2033^(a)			2,242		2,244,306
Constantia Flexibles GmbH 6.25%, 07/15/2032^(a)		EUR	160		185,558
Dycom Industries, Inc. 4.50%, 04/15/2029^(a)		U.S.$	415		406,173
Efesto Bidco SpA Efesto US LLC Series XR 7.50%, 02/15/2032^(a)			2,102		2,102,569
EnerSys 6.625%, 01/15/2032^(a)			146		149,358
Esab Corp. 5.625%, 04/01/2031^(a)			1,289		1,288,476
Goat Holdco LLC 6.75%, 02/01/2032^(a)			466		477,032
Griffon Corp. 5.75%, 03/01/2028			1,121		1,120,909
Luna 2 5 SARL 5.50%, 07/01/2032^(a)		EUR	819		947,540
Madison IAQ LLC 5.875%, 06/30/2029^(a)		U.S.$	2,417		2,416,613
Maxam Prill SARL 7.75%, 07/15/2030^(a)			1,253		1,287,914
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC 6.75%, 04/01/2032^(a)			361		357,893


	Principal Amount (000)			U.S. $ Value

MIWD Holdco II LLC/MIWD Finance Corp. 5.50%, 02/01/2030^(a)(i)		U.S.$	3,073	$	2,894,602
Moog, Inc. 5.50%, 10/15/2034^(a)			597		588,707
Mueller Water Products, Inc. 4.00%, 06/15/2029^(a)			435		420,843
Owens-Brockway Glass Container, Inc. 9.50%, 06/01/2033^(a)			700		717,642
Paprec Holding SA 4.50%, 07/15/2032^(a)		EUR	460		525,653
Solaris Energy Infrastructure LLC 6.375%, 05/15/2031^(a)		U.S.$	1,108		1,120,572
TransDigm, Inc. 4.625%, 01/15/2029			290		285,499
4.875%, 05/01/2029			1,954		1,924,087
6.00%, 01/15/2033^(a)			3,691		3,726,119
6.375%, 03/01/2029^(a)			1,600		1,625,210
6.75%, 08/15/2028^(a)			2,448		2,472,523
6.75%, 01/31/2034^(a)			544		558,281
6.875%, 12/15/2030^(a)			1,667		1,714,545
Trinity Industries, Inc. 7.75%, 07/15/2028^(a)			1,388		1,418,207
Tutor Perini Corp. 6.625%, 07/15/2033^(a)			700		704,437
WESCO Distribution, Inc. 5.25%, 04/15/2031^(a)			746		740,653

					46,704,908


Communications - Media – 5.3%
AMC Global Media, Inc. 10.50%, 07/15/2032^(a)			898		922,934
AP Core Holdings II LLC 11.00%, 05/15/2031^(a)			700		732,537
Banijay Entertainment SAS 8.125%, 05/01/2029^(a)			805		827,484
Block Communications, Inc. 10.25%, 03/01/2031^(a)			457		417,898
CCO Holdings LLC/CCO Holdings Capital Corp. 4.25%, 02/01/2031^(a)			2,762		2,488,137
4.50%, 08/15/2030^(a)			3,359		3,124,332
5.00%, 02/01/2028^(a)			321		316,913
6.375%, 09/01/2029^(a)			1,268		1,266,971
Clear Channel Outdoor Holdings, Inc. 7.125%, 02/15/2031^(a)			982		1,017,527
CSC Holdings LLC 4.625%, 12/01/2030^(a)			667		153,135
5.375%, 02/01/2028^(a)			829		519,763
5.50%, 04/15/2027^(a)			1,803		1,207,994
5.75%, 01/15/2030^(a)			1,480		348,426
7.50%, 04/01/2028^(a)			623		168,751
11.25%, 05/15/2028^(a)			824		532,425
11.75%, 01/31/2029^(a)			581		355,991
Deluxe Corp. 8.00%, 06/01/2029^(a)			67		67,486
DIRECTV Financing LLC 8.875%, 02/01/2030^(a)			1,571		1,600,650
DIRECTV Financing LLC/Directv Financing Co-Obligor, Inc. 5.875%, 08/15/2027^(a)			114		113,880
10.00%, 02/15/2031^(a)			1,289		1,338,937
Discovery Communications LLC 6.35%, 06/01/2040			962		799,267
Discovery Global Holdings, Inc. 4.28%, 03/15/2032			1,006		901,436
5.05%, 03/15/2042			3,716		2,720,053
5.14%, 03/15/2052			460		308,043
DISH DBS Corp. 5.25%, 12/01/2026^(a)(h)(j)			2,836		2,820,114
5.75%, 12/01/2028^(a)(h)(j)			4,752		4,607,271
7.375%, 07/01/2028^(h)(j)			2,244		2,155,157


	Principal Amount (000)			U.S. $ Value

EchoStar Corp. 6.75% (6.75% Cash or 6.75% PIK), 11/30/2030^(b)(c)		U.S.$	2,791	$	2,835,590
10.75%, 11/30/2029			2,050		2,215,457
EW Scripps Co. (The) 9.875%, 08/15/2030^(a)			840		735,008
Gray Media, Inc. 5.375%, 11/15/2031^(a)			671		450,090
7.25%, 08/15/2033^(a)			343		337,651
9.625%, 07/15/2032^(a)			1,286		1,241,375
iHeartCommunications, Inc. 9.125%, 05/01/2029^(a)			748		725,392
LCPR Senior Secured Financing DAC 5.125%, 07/15/2029^(a)			3,059		1,692,832
6.75%, 10/15/2027^(a)			1,366		783,892
McGraw-Hill Education, Inc. 5.75%, 08/01/2028^(a)			639		636,565
8.00%, 08/01/2029^(a)			247		247,487
Paramount Global 6.375%, 03/30/2062			1,288		1,101,678
RR Donnelley & Sons Co. 11.00% (5.50% Cash and 5.50% PIK), 06/01/2031^(a)(b)			700		679,988
Sinclair Television Group, Inc. 5.50%, 03/01/2030^(a)			108		94,672
8.125%, 02/15/2033^(a)			1,256		1,294,270
Sirius XM Radio LLC 4.125%, 07/01/2030^(a)			396		372,654
Snap, Inc. 6.875%, 03/01/2033^(a)			1,521		1,481,746
Summer BC Holdco B SARL 5.875%, 02/15/2030^(a)		EUR	199		199,302
Univision Communications, Inc. 8.875%, 04/15/2033^(a)		U.S.$	117		115,236
Versant Media Group, Inc. 7.25%, 01/30/2031^(a)			2,524		2,611,484
Virgin Media Secured Finance PLC 4.50%, 08/15/2030^(a)			508		433,019

					52,118,900


Communications - Telecommunications – 2.8%
Altice Financing SA 5.75%, 08/15/2029^(a)			1,249		871,720
Altice France Lux 3/Altice Holdings 1 10.00%, 01/15/2033^(e)			691		678,742
Altice France SA 4.75%, 10/15/2030^(a)		EUR	675		750,713
6.50%, 10/15/2031^(a)		U.S.$	298		288,230
6.50%, 04/15/2032^(a)			251		242,319
6.875%, 10/15/2030^(a)			1,262		1,225,207
6.875%, 07/15/2032^(a)			1,392		1,350,370
9.50%, 11/01/2029^(a)			1,062		1,078,995
APLD ComputeCo 2 LLC 6.75%, 03/15/2031^(a)			1,943		1,949,545
APLD ComputeCo 3 LLC 7.00%, 06/15/2031^(a)			1,874		1,871,274
Connect Finco SARL/Connect US Finco LLC 9.00%, 09/15/2029^(a)			490		515,152
Connect Holding II LLC 10.50%, 04/03/2031^(a)			517		518,088
Core Scientific Finance I LLC 7.75%, 05/15/2031^(a)			1,219		1,235,896
Edged Compute LLC 7.50%, 04/30/2031^(a)			1,181		1,150,924
ELK Grove Village Property LLC 7.50%, 06/15/2031^(a)			813		818,048
Fibercop SpA 7.20%, 07/18/2036^(a)			259		266,613
7.72%, 06/04/2038^(a)			1,559		1,625,634


	Principal Amount (000)			U.S. $ Value

Photo Holdings LLC 12.00%, 07/01/2031^(a)		U.S.$	700	$	721,157
Rogers Communications, Inc. 7.00%, 04/15/2055			571		583,868
United Group BV 4.625%, 08/15/2028^(a)		EUR	481		550,336
6.375%, 05/14/2033^(a)			265		308,802
6.75%, 02/15/2031^(a)			616		731,377
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC 8.625%, 06/15/2032^(a)(i)		U.S.$	626		652,500
Viasat, Inc. 6.50%, 07/15/2028^(a)			60		59,837
7.50%, 05/30/2031^(a)			341		344,380
Vmed O2 UK Financing I PLC 4.25%, 01/31/2031^(a)			980		802,645
4.75%, 07/15/2031^(a)			3,639		2,993,589
Vodafone Group PLC 4.125%, 06/04/2081			420		389,710
Windstream Services LLC/Windstream Escrow Finance Corp. 8.25%, 10/01/2031^(a)			1,162		1,225,421
Yondr JK 1 LLC 6.875%, 06/30/2031^(a)			1,474		1,477,374

					27,278,466


Consumer Cyclical - Automotive – 2.8%
Adient Global Holdings Ltd. 7.50%, 02/15/2033^(a)			856		883,487
Allison Transmission, Inc. 3.75%, 01/30/2031^(a)			276		258,159
Aston Martin Capital Holdings Ltd. 10.00%, 03/31/2029^(a)			3,245		2,594,579
Clarios Global LP/Clarios US Finance Co. 4.75%, 06/15/2031^(a)		EUR	1,171		1,350,647
6.75%, 09/15/2032^(a)		U.S.$	1,410		1,438,292
Cooper-Standard Automotive, Inc. 9.25%, 03/01/2031^(a)			449		453,620
Cyprium Corp./Cyprium Holdings Luxembourg SARL 6.375%, 04/15/2034^(a)			354		353,097
Dorman Products, Inc. 6.25%, 06/15/2034^(a)			266		268,953
Exide Technologies (Exchange Priority) 11.00%, 10/31/2024^{(d)(e)(f)(g)(h)(k)}			2,940		0
Exide Technologies (First Lien) 11.00%, 10/31/2024^{(d)(e)(f)(g)(h)(k)}			1,207		0
Goodyear Tire & Rubber Co. (The) 5.25%, 04/30/2031			239		215,728
5.25%, 07/15/2031			1,911		1,700,381
6.625%, 07/15/2030			1,644		1,586,845
8.875%, 07/15/2032			700		706,031
IHO Verwaltungs GmbH 5.625% (5.625% Cash or 6.375% PIK), 05/15/2031^(a)(b)		EUR	232		274,912
6.375% (6.375% Cash or 7.125% PIK), 05/15/2029^(a)(b)		U.S.$	200		201,559
6.75% (6.75% Cash or 7.50% PIK), 11/15/2029^(a)(b)		EUR	511		609,634
7.375% (7.375% Cash or 8.125% PIK), 05/15/2033^(a)(b)		U.S.$	700		727,454
7.75% (7.75% Cash or 8.50% PIK), 11/15/2030^(a)(b)			695		717,281
8.00% (8.00% Cash or 8.75% PIK), 11/15/2032^(a)(b)			310		322,602
Nissan Motor Acceptance Co. LLC 2.45%, 09/15/2028^(a)			575		532,981
2.75%, 03/09/2028^(a)			1,112		1,057,192
6.125%, 09/30/2030^(a)			449		441,365
7.05%, 09/15/2028^(a)			5		5,120


	Principal Amount (000)			U.S. $ Value

Nissan Motor Co., Ltd. 4.345%, 09/17/2027^(a)		U.S.$	1,000	$	983,968
4.81%, 09/17/2030^(a)			233		216,971
8.125%, 07/17/2035^(a)			3,203		3,382,745
PM General Purchaser LLC 9.50%, 10/01/2028^(a)			1,840		1,565,089
Tenneco, Inc. 8.00%, 11/17/2028^(a)			2,457		2,472,101
Titan International, Inc. 7.00%, 04/30/2028			1,422		1,420,244
ZF North America Capital, Inc. 7.50%, 03/24/2031^(a)			281		282,941

					27,023,978


Consumer Cyclical - Entertainment – 0.9%
Live Nation Entertainment, Inc. 4.75%, 10/15/2027^(a)			483		481,841
6.50%, 05/15/2027^(a)			8		8,003
Motion Finco SARL 8.375%, 02/15/2032^(a)			268		225,328
NCL Corp., Ltd. 5.875%, 01/15/2031^(a)			1,428		1,385,334
6.25%, 09/15/2033^(a)			470		456,299
6.75%, 02/01/2032^(a)			693		691,245
SeaWorld Parks & Entertainment, Inc. 5.25%, 08/15/2029^(a)			1,327		1,296,338
Six Flags Entertainment Corp. 7.25%, 05/15/2031^(a)(i)			2,378		2,364,091
Six Flags Entertainment Corp./Canada’s Wonderland Co./Magnum Management Corp. 5.25%, 07/15/2029			85		82,770
Viking Cruises Ltd. 5.875%, 10/15/2033^(a)			1,235		1,235,700
9.125%, 07/15/2031^(a)			468		490,532

					8,717,481


Consumer Cyclical - Other – 5.2%
Allwyn Entertainment Financing UK PLC 4.125%, 02/15/2031^(a)		EUR	305		343,192
4.625%, 08/15/2031^(a)			699		794,860
7.875%, 04/30/2029^(a)		U.S.$	200		204,936
Ameritex Holdco Intermediate LLC 7.625%, 08/15/2033^(a)			2,231		2,332,181
Banijay Gaming SAS 5.125%, 12/10/2031^(a)		EUR	607		703,967
Beazer Homes USA, Inc. 8.00%, 01/15/2032^(a)		U.S.$	700		702,059
Brightstar Lottery PLC/Brightstar Global Solutions Corp. 5.75%, 01/15/2033^(a)			1,185		1,161,880
Brookfield Residential Properties, Inc./Brookfield Residential US LLC 4.875%, 02/15/2030^(a)			1,738		1,617,560
6.25%, 09/15/2027^(a)			405		405,531
Builders FirstSource, Inc. 4.25%, 02/01/2032^(a)			619		576,944
6.375%, 03/01/2034^(a)			1,142		1,154,643
6.75%, 05/15/2035^(a)			1,272		1,296,583
Caesars Entertainment, Inc. 6.00%, 10/15/2032^(a)			185		167,657
6.50%, 02/15/2032^(a)			621		604,926
Churchill Downs, Inc. 4.75%, 01/15/2028^(a)			491		486,335
5.75%, 04/01/2030^(a)			540		539,510
Cirsa Finance International SARL 6.50%, 03/15/2029^(a)		EUR	559		659,472
CP Atlas Buyer, Inc. 9.75%, 07/15/2030^(a)		U.S.$	400		384,666
Global Infrastructure Solutions, Inc. 6.375%, 07/15/2034^(a)			700		704,886


	Principal Amount (000)			U.S. $ Value

Great Canadian Gaming Corp./Raptor LLC 8.75%, 11/15/2029^(a)		U.S.$	1,195	$	1,196,483
Hilton Domestic Operating Co., Inc. 3.625%, 02/15/2032^(a)			1,538		1,408,422
3.75%, 05/01/2029^(a)			958		924,387
4.00%, 05/01/2031^(a)			448		423,337
5.50%, 09/15/2031^(a)			96		96,199
5.875%, 04/01/2029^(a)			1,286		1,300,812
6.125%, 04/01/2032^(a)			738		748,175
Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc. 4.875%, 07/01/2031^(a)			465		436,973
5.00%, 06/01/2029^(a)			3,193		3,115,944
6.625%, 01/15/2032^(a)			595		603,912
Installed Building Products, Inc. 5.625%, 02/01/2034^(a)			301		296,495
K Hovnanian Enterprises, Inc. 8.00%, 04/01/2031^(a)			790		815,222
Kingpin Intermediate Holdings LLC 7.25%, 10/15/2032^(a)			432		366,600
LGI Homes, Inc. 7.00%, 11/15/2032^(a)			703		698,896
Lottomatica Group SpA 4.625%, 04/30/2032^(a)		EUR	512		590,569
4.875%, 01/31/2031^(a)			493		574,568
Marriott Ownership Resorts, Inc. 4.50%, 06/15/2029^(a)		U.S.$	293		283,133
6.50%, 10/01/2033^(a)			2,488		2,472,132
Masterbrand, Inc. 7.00%, 07/15/2032^(a)			1,031		1,042,765
MGM Resorts International 4.625%, 09/01/2026			5		4,993
Miller Homes Group Finco PLC 6.53% (EURIBOR 3 Month + 4.25%), 10/15/2030^(a)(l)		EUR	306		349,759
7.00%, 05/15/2029^(a)		GBP	679		894,426
Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC 8.25%, 04/15/2030^(a)		U.S.$	760		792,724
11.875%, 04/15/2031^(a)			1,083		1,173,192
Pioneer Opco LLC 7.00%, 05/15/2033^(a)			342		348,404
Shea Homes LP/Shea Homes Funding Corp. 4.75%, 04/01/2029			911		890,196
Standard Building Solutions, Inc. 5.875%, 03/15/2034^(a)			1,425		1,373,470
6.25%, 08/01/2033^(a)			1,068		1,059,957
6.50%, 08/15/2032^(a)			312		314,082
Standard Industries, Inc./NY 3.375%, 01/15/2031^(a)			17		15,315
4.375%, 07/15/2030^(a)			2,605		2,474,800
4.75%, 01/15/2028^(a)			339		336,823
Taylor Morrison Communities, Inc. 5.125%, 08/01/2030^(a)			54		54,072
5.75%, 01/15/2028^(a)			582		589,127
Thor Industries, Inc. 4.00%, 10/15/2029^(a)			1,713		1,625,663
Travel & Leisure Co. 4.50%, 12/01/2029^(a)			1,396		1,350,848
4.625%, 03/01/2030^(a)			2,415		2,336,304
6.125%, 09/01/2033^(a)			128		126,549
6.25%, 06/01/2031^(a)			789		793,968
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028^(a)			544		535,571
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 5.25%, 05/15/2027^(a)			781		780,843

					50,457,898


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Restaurants – 0.2%
1011778 BC ULC/New Red Finance, Inc. 4.00%, 10/15/2030^(a)		U.S.$	1,168	$	1,103,098
4.375%, 01/15/2028^(a)			983		972,203
Yum! Brands, Inc. 3.625%, 03/15/2031			174		161,938

					2,237,239


Consumer Cyclical - Retailers – 4.6%
Advance Auto Parts, Inc. 7.00%, 08/01/2030^(a)			3,821		3,919,408
7.375%, 08/01/2033^(a)			778		805,787
Arko Corp. 5.125%, 11/15/2029^(a)			131		121,071
Asbury Automotive Group, Inc. 4.625%, 11/15/2029^(a)			1,373		1,334,261
5.00%, 02/15/2032^(a)			827		789,818
Bath & Body Works, Inc. 5.25%, 02/01/2028			845		845,905
6.75%, 07/01/2036			98		98,152
7.60%, 07/15/2037			367		365,892
Beach Acquisition Bidco LLC 5.25%, 07/15/2032^(a)		EUR	757		881,503
Boots Group Finco LP 5.375%, 08/31/2032^(a)			1,247		1,459,908
Carvana Co. 5.50%, 04/15/2027^(a)		U.S.$	415		409,215
9.00%, 06/01/2030^(a)(b)(c)			2,001		2,069,060
9.00%, 06/01/2031^(a)(b)(c)			2,138		2,359,393
Cougar JV Subsidiary LLC 8.00%, 05/15/2032^(a)			2,172		2,277,781
CT Investment GmbH 6.375%, 04/15/2030^(a)		EUR	516		607,564
FirstCash, Inc. 4.625%, 09/01/2028^(a)		U.S.$	551		541,743
5.625%, 01/01/2030^(a)			257		255,700
Gap, Inc. (The) 3.625%, 10/01/2029^(a)			1,637		1,542,553
3.875%, 10/01/2031^(a)			303		276,089
Gee Automotive Holdings LLC 7.25%, 03/01/2031^(a)			833		843,832
Global Auto Holdings Ltd./AAG FH UK Ltd. 8.375%, 01/15/2029^(a)			2,245		2,209,995
8.75%, 01/15/2032^(a)			1,125		1,068,807
11.50%, 08/15/2029^(a)			565		588,172
Group 1 Automotive, Inc. 4.00%, 08/15/2028^(a)			1,204		1,172,631
6.375%, 01/15/2030^(a)			650		658,432
Kontoor Brands, Inc. 4.125%, 11/15/2029^(a)			901		862,672
LBM Acquisition LLC 9.50%, 06/15/2031^(a)			210		187,660
LCM Investments Holdings II LLC 4.875%, 05/01/2029^(a)			1,990		1,939,569
Lithia Motors, Inc. 3.875%, 06/01/2029^(a)			145		138,917
Men’s Wearhouse LLC (The) 9.00%, 02/01/2031^(a)			406		431,309
Michaels Cos., Inc. (The) 8.50%, 03/15/2033^(a)			581		575,153
Murphy Oil USA, Inc. 4.75%, 09/15/2029			458		450,745
Park River Holdings, Inc. 8.00%, 03/15/2031^(a)			368		371,519
Penske Automotive Group, Inc. 3.75%, 06/15/2029			139		133,028
Petco Health & Wellness Co., Inc. 8.25%, 02/01/2031^(a)			350		352,546
PetSmart LLC/PetSmart Finance Corp. 7.50%, 09/15/2032^(a)			726		726,165
10.00%, 09/15/2033^(a)			939		940,427


	Principal Amount (000)			U.S. $ Value

QXO Building Products, Inc. 6.75%, 04/30/2032^(a)		U.S.$	2,409	$	2,486,779
Sonic Automotive, Inc. 4.625%, 11/15/2029^(a)			2,738		2,675,635
4.875%, 11/15/2031^(a)			255		245,188
Specialty Building Products Holdings LLC/SBP Finance Corp. 7.75%, 10/15/2029^(a)			1,155		1,062,590
Staples, Inc. 10.75%, 09/01/2029^(a)			2,506		2,389,617
12.75%, 01/15/2030^(a)			910		696,494
William Carter Co. (The) 7.375%, 02/15/2031^(a)			1,070		1,107,191

					45,275,876


Consumer Non-Cyclical – 7.5%
Acadia Healthcare Co., Inc. 7.375%, 03/15/2033^(a)			944		972,393
ACCO Brands Corp. 4.25%, 03/15/2029^(a)			470		437,462
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 3.50%, 03/15/2029^(a)			485		461,489
5.50%, 03/31/2031^(a)			1,654		1,617,824
B&G Foods, Inc. 8.00%, 09/15/2028^(a)			465		465,881
Bausch & Lomb Corp. 8.375%, 10/01/2028^(a)			3,238		3,330,855
Bausch Health Americas, Inc. 8.50%, 01/31/2027^(a)			543		541,996
Bausch Health Cos., Inc. 4.875%, 06/01/2028^(a)			350		323,594
11.00%, 09/30/2028^(a)			2,030		2,066,611
BioMarin Pharmaceutical, Inc. 5.50%, 02/15/2034^(a)			500		491,183
CAB SELAS 7.75%, 08/09/2031^(a)		EUR	1,033		1,178,895
Charlotte Buyer, Inc. 8.00%, 06/30/2031^(a)		U.S.$	700		708,730
CHS/Community Health Systems, Inc. 4.75%, 02/15/2031^(a)			311		286,227
6.00%, 01/15/2029^(a)			1,466		1,453,845
6.125%, 04/01/2030^(a)			3,640		3,265,823
6.875%, 04/15/2029^(a)			1,328		1,306,320
9.75%, 01/15/2034^(a)			700		730,821
CVS Health Corp. 6.75%, 12/10/2054			152		158,281
7.00%, 03/10/2055			2,238		2,321,876
DaVita, Inc. 3.75%, 02/15/2031^(a)			512		474,817
4.625%, 06/01/2030^(a)			4,729		4,581,558
Elanco Animal Health, Inc. 6.40%, 08/28/2028^(c)			1,342		1,378,409
Embecta Corp. 5.00%, 02/15/2030^(a)(i)			2,067		1,607,718
Emergent BioSolutions, Inc. 3.875%, 08/15/2028^(a)			1,516		1,404,767
Fortrea Holdings, Inc. 7.50%, 07/01/2030^(a)			344		348,724
Genmab A/S/Genmab Finance LLC 6.25%, 12/15/2032^(a)			2,005		2,041,297
7.25%, 12/15/2033^(a)			696		725,907
Grifols SA 3.875%, 10/15/2028^(a)		EUR	1,806		2,050,981
7.50%, 05/01/2030^(a)			800		951,136
Gruenenthal GmbH 6.75%, 05/15/2030^(a)			1,067		1,262,088
Gruppo San Donato SpA 6.50%, 10/31/2031^(a)			839		944,262


	Principal Amount (000)			U.S. $ Value

HLF Financing SARL LLC/Herbalife International, Inc. 4.875%, 06/01/2029^(a)		U.S.$	416	$	389,577
7.75%, 05/01/2033^(a)			93		94,175
Iceland Bondco PLC 10.875%, 12/15/2027^(a)		GBP	156		214,116
Industrial F&B Investments III, Inc. 7.75%, 02/11/2033^(a)		U.S.$	434		442,309
Insulet Corp. 6.50%, 04/01/2033^(a)			172		174,319
IQVIA, Inc. 2.25%, 03/15/2029^(a)		EUR	862		958,364
4.625%, 06/15/2033^(a)			569		659,349
5.00%, 05/15/2027^(a)		U.S.$	606		605,636
LifePoint Health, Inc. 7.00%, 05/01/2034^(a)			2,271		2,175,613
8.375%, 02/15/2032^(a)			1,889		1,966,258
Mehilainen Yhtiot Oy 5.125%, 06/30/2032^(a)		EUR	562		647,297
MPH Acquisition Holdings LLC 5.75%, 12/31/2030^(a)		U.S.$	1,289		1,078,107
6.75% (6.00% Cash and 0.75% PIK), 03/31/2031^(a)(b)(c)			217		129,825
11.50% (6.50% Cash and 5.00% PIK), 12/31/2030^(a)(b)(c)			975		963,017
National Mentor Holdings, Inc. 10.50%, 12/15/2030^(a)			451		475,405
Neogen Food Safety Corp. 8.625%, 07/20/2030^(a)			883		928,358
Opal Bidco SAS 5.50%, 03/31/2032^(a)		EUR	972		1,142,888
Organon & Co./Organon Foreign Debt Co-Issuer BV 2.875%, 04/30/2028^(a)			885		999,687
4.125%, 04/30/2028^(a)		U.S.$	2,247		2,218,648
5.125%, 04/30/2031^(a)			922		912,542
7.875%, 05/15/2034^(a)			716		767,759
Paradigm Parent LLC & Paradigm Parent CO-Issuer, Inc. 8.75%, 04/17/2032^(a)			344		312,385
Performance Food Group, Inc. 4.25%, 08/01/2029^(a)			75		72,735
Perrigo Finance Unlimited Co. 5.15%, 06/15/2030^(c)			1,308		1,258,896
Prestige Brands, Inc. 6.25%, 07/15/2034^(a)			700		700,000
Prime Healthcare Services, Inc. 9.375%, 09/01/2029^(a)			448		467,783
Primo Water Holdings, Inc./Triton Water Holdings, Inc. 4.375%, 04/30/2029^(a)			1,227		1,196,767
6.25%, 04/01/2029^(a)			421		421,429
Select Medical Corp. 6.25%, 12/01/2032^(a)			1,343		1,305,236
Surgery Center Holdings, Inc. 7.25%, 04/15/2032^(a)			2,043		2,069,045
TEAM Services Holding, Inc. 9.00%, 02/15/2033^(a)			440		445,252
Tenet Healthcare Corp. 4.375%, 01/15/2030			307		297,483
5.50%, 11/15/2032^(a)			3,846		3,824,213
US Acute Care Solutions LLC 9.75%, 05/15/2029^(a)			443		416,307
US Foods, Inc. 4.75%, 02/15/2029^(a)			676		667,913
Viking Baked Goods Acquisition Corp. Series JUL 8.625%, 11/01/2031^(a)			700		706,221
Whirlpool Corp. 4.70%, 05/14/2032			303		238,992
6.125%, 06/15/2030			189		174,310
6.50%, 06/15/2033⁽ⁱ⁾			178		154,319


	Principal Amount (000)			U.S. $ Value

7.50%, 07/01/2031^(a)		U.S.$	376	$	380,743
7.875%, 07/01/2034^(a)			265		266,057

					73,211,105


Energy – 5.8%
Ascent Resources Utica Holdings LLC/ARU Finance Corp. 5.875%, 06/30/2029^(a)			214		213,303
BKV Upstream Midstream LLC 7.50%, 10/15/2030^(a)			388		389,115
Blue Racer Midstream LLC/Blue Racer Finance Corp. 7.00%, 07/15/2029^(a)			418		428,565
Buckeye Partners LP 4.125%, 12/01/2027			202		199,315
6.875%, 07/01/2029^(a)			1,493		1,525,655
California Resources Corp. 7.00%, 01/15/2034^(a)			462		456,051
Caturus Energy LLC 7.125%, 05/15/2031^(a)			94		92,993
Chord Energy Corp. 6.00%, 10/01/2030^(a)			2,417		2,427,933
CITGO Petroleum Corp. 8.375%, 01/15/2029^(a)			844		867,908
CNX Resources Corp. 5.875%, 03/01/2034^(a)			28		27,223
7.25%, 03/01/2032^(a)			1,182		1,216,838
7.375%, 01/15/2031^(a)			551		563,935
CQP Holdco LP/BIP-V Chinook Holdco LLC 5.50%, 06/15/2031^(a)			764		749,293
Crescent Energy Finance LLC 7.375%, 01/15/2033^(a)			160		158,984
7.625%, 04/01/2032^(a)			291		293,105
7.875%, 04/15/2032^(a)			282		285,555
CVR Energy, Inc. 7.875%, 02/15/2034^(a)			474		468,942
Delek Logistics Partners LP/Delek Logistics Finance Corp. 7.375%, 06/30/2033^(a)			1,699		1,732,956
8.625%, 03/15/2029^(a)			246		255,765
Excelerate Energy LP 8.00%, 05/15/2030^(a)			1,196		1,261,662
Ferrellgas LP/Ferrellgas Finance Corp. 9.25%, 01/15/2031^(a)			455		479,363
Genesis Energy LP/Genesis Energy Finance Corp. 7.875%, 05/15/2032			766		791,105
Global Marine, Inc. 7.00%, 06/01/2028			190		192,966
Harvest Midstream I LP 6.75%, 05/15/2034^(a)			1,259		1,276,039
7.50%, 05/15/2032^(a)			393		406,978
Hilcorp Energy I LP/Hilcorp Finance Co. 5.75%, 02/01/2029^(a)			366		364,664
6.00%, 02/01/2031^(a)			412		398,882
6.25%, 04/15/2032^(a)			89		86,144
8.375%, 11/01/2033^(a)			1,299		1,353,572
Howard Midstream Energy Partners LLC 7.375%, 07/15/2032^(a)			51		52,788
ITT Holdings LLC 6.50%, 08/01/2029^(a)			848		838,190
Kodiak Gas Services LLC 5.875%, 04/01/2031^(a)			554		555,156
Moss Creek Resources Holdings, Inc. 8.25%, 09/01/2031^(a)			513		508,257
Murphy Oil Corp. 6.00%, 10/01/2032			540		537,644
6.50%, 02/15/2034			487		482,350
Nabors Industries, Inc. 9.125%, 01/31/2030^(a)			128		133,808


	Principal Amount (000)			U.S. $ Value

NFE Brazil Financing Ltd. 12.00%, 05/15/2029^(b)(d)(g)(m)		U.S.$	1,944	$	1,846,793
NFE Financing LLC 12.00%, 11/15/2029^(e)(h)(j)			4,041		1,415,562
NGL Energy Operating LLC/NGL Energy Finance Corp. 8.125%, 02/15/2029^(a)			1,575		1,630,619
8.375%, 02/15/2032^(a)			1,204		1,253,894
Northern Oil & Gas, Inc. 7.875%, 10/15/2033^(a)			466		462,920
NuStar Logistics LP 5.625%, 04/28/2027			925		927,239
6.375%, 10/01/2030			97		100,279
Oceaneering International, Inc. 6.875%, 07/15/2034^(a)			700		711,358
PBF Holding Co. LLC/PBF Finance Corp. 7.25%, 06/01/2034^(a)			1,134		1,122,828
7.875%, 09/15/2030^(a)			868		884,207
Range Resources Corp. 4.75%, 02/15/2030^(a)			1,773		1,731,353
Rockies Express Pipeline LLC 4.95%, 07/15/2029^(a)			298		294,365
Saturn Oil & Gas, Inc. 9.625%, 06/15/2029^(a)			393		409,597
Seadrill Finance Ltd. 6.75%, 07/15/2034^(a)			700		675,521
SESI LLC 7.875%, 09/30/2030^(a)			334		339,393
SM Energy Co. 6.625%, 04/15/2034^(a)			700		689,144
6.75%, 08/01/2029^(a)			668		680,008
8.75%, 07/01/2031^(a)			729		761,121
South Bow Canadian Infrastructure Holdings Ltd. 7.625%, 03/01/2055			19		19,858
Sunoco LP 4.50%, 10/01/2029^(a)			362		351,816
5.375%, 07/15/2031^(a)			887		875,066
5.625%, 03/15/2031^(a)			1,591		1,579,145
6.25%, 07/01/2033^(a)			654		659,419
7.875%, 09/18/2030^(a)(n)			1,877		1,951,709
Sunoco LP/Sunoco Finance Corp. 4.50%, 05/15/2029			773		755,614
4.50%, 04/30/2030			422		408,308
7.00%, 09/15/2028^(a)			79		80,669
Superior Plus LP/Superior General Partner, Inc. 4.50%, 03/15/2029^(a)			192		186,188
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. 7.375%, 02/15/2029^(a)			298		305,651
Talos Production, Inc. 9.00%, 02/01/2029^(a)			655		682,078
9.375%, 02/01/2031^(a)			1,577		1,656,337
TransMontaigne Partners LLC 8.50%, 06/15/2030^(a)			606		617,339
Transocean Aquila Ltd. 8.00%, 09/30/2028^(a)			663		676,660
Transocean International Ltd. 7.875%, 10/15/2032^(a)			187		194,607
8.25%, 05/15/2029^(a)			654		675,337
8.75%, 02/15/2030^(a)			583		604,626
Trident Energy Finance PLC 12.50%, 11/30/2029^(a)			371		391,228
USA Compression Partners LP/USA Compression Finance Corp. 7.125%, 03/15/2029^(a)			1,000		1,024,501
Valaris Ltd. 8.375%, 04/30/2030^(a)			105		108,981
Venture Global LNG, Inc. 9.00%, 09/30/2029^(a)(n)			836		814,222
9.50%, 02/01/2029^(a)			1,166		1,256,538


	Principal Amount (000)			U.S. $ Value

9.875%, 02/01/2032^(a)		U.S.$	276	$	294,536
Venture Global Plaquemines LNG LLC 6.125%, 12/15/2030^(a)			879		899,136
6.50%, 06/15/2034^(a)			1,460		1,520,305
Vermilion Energy, Inc. 6.875%, 05/01/2030^(a)			178		177,088
7.25%, 02/15/2033^(a)			437		429,321

					57,205,486


Other Industrial – 1.0%
American Builders & Contractors Supply Co., Inc. 3.875%, 11/15/2029^(a)			32		30,490
Azelis Finance NV 4.125%, 03/10/2031^(a)		EUR	398		453,738
Core & Main LP 6.00%, 07/01/2034^(a)		U.S.$	473		475,049
Dealer Tire Financial LLC 10.375%, 10/01/2031^(a)			2,701		2,691,799
Dealer Tire LLC/DT Issuer LLC 8.00%, 02/01/2028^(a)			2,026		2,026,000
Egis SA 5.125%, 05/15/2031^(a)		EUR	280		325,108
Lsf12 Helix Parent LLC 7.125%, 02/01/2033^(a)		U.S.$	175		169,612
Multiversity SpA 6.40% (EURIBOR 3 Month + 4.25%), 05/17/2031^(a)(l)		EUR	208		239,665
7.125%, 05/17/2031^(a)			734		870,774
Velocity Vehicle Group LLC 8.00%, 06/01/2029^(a)		U.S.$	3,060		3,022,078

					10,304,313


Services – 3.1%
A&K Travel Group Holdings Ltd. 7.50%, 05/15/2033^(a)			436		439,632
ADT Security Corp. (The) 4.125%, 08/01/2029^(a)			464		444,623
4.875%, 07/15/2032^(a)			1,012		956,532
Allied Universal Holdco LLC/Allied Universal Finance Corp. 6.00%, 06/01/2029^(a)			327		325,397
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL 3.625%, 06/01/2028^(a)		EUR	255		290,685
4.625%, 06/01/2028^(a)		U.S.$	3,774		3,714,377
4.875%, 06/01/2028^(a)		GBP	1,010		1,328,503
Angi Group LLC 3.875%, 08/15/2028^(a)		U.S.$	2,420		2,047,551
APCOA GmbH 6.00%, 04/15/2031^(a)		EUR	990		1,148,362
APi Group DE, Inc. 5.75%, 06/01/2034^(a)		U.S.$	779		772,656
Aramark International Finance SARL 4.375%, 04/15/2033^(a)		EUR	438		494,303
Belron UK Finance PLC 5.75%, 10/15/2029^(a)		U.S.$	1,013		1,017,995
Champions Financing, Inc. 8.75%, 02/15/2029^(a)			404		392,939
Clarivate Science Holdings Corp. 4.875%, 07/01/2029^(a)			1,524		1,363,616
Deepocean Ltd. 6.00%, 04/08/2031^(a)		EUR	402		471,319
Garda World Security Corp. 6.00%, 06/01/2029^(a)		U.S.$	1,187		1,169,085
6.50%, 01/15/2031^(a)			536		543,331
7.75%, 02/15/2028^(a)			650		660,302
8.25%, 08/01/2032^(a)			838		857,499
8.375%, 11/15/2032^(a)			1,286		1,315,532


	Principal Amount (000)			U.S. $ Value

ION Platform Finance US, Inc./ION Platform Finance SARL 4.625%, 05/01/2028^(a)		U.S.$	194	$	176,688
5.00%, 05/01/2028^(a)			283		259,061
5.75%, 05/15/2028^(a)			686		629,824
9.00%, 08/01/2029^(a)			403		358,581
Match Group Holdings II LLC 4.625%, 06/01/2028^(a)			207		204,045
Monitronics International, Inc. 9.125%, 04/01/2020^{(d)(f)(g)(h)(k)}			958		0
Prime Security Services Borrower LLC/Prime Finance, Inc. 3.375%, 08/31/2027^(a)			938		918,843
Q-Park Holding I BV 5.125%, 02/15/2030^(a)		EUR	556		648,988
Raven Acquisition Holdings LLC 6.875%, 11/15/2031^(a)		U.S.$	2,590		2,531,757
Sabre Financial Borrower LLC 11.125%, 06/15/2029^(a)			556		586,540
Sabre GLBL, Inc. 11.125%, 07/15/2030^(a)			2,240		2,148,069
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. 5.50%, 05/15/2033^(a)		EUR	1,196		1,334,578
Shutterfly Finance LLC 9.75%, 10/01/2027^(a)		U.S.$	7		6,983
Sotheby’s 8.25%, 04/15/2031^(a)			464		461,574
TKC Holdings, Inc. 8.50%, 08/15/2030^(a)			502		516,335

					30,536,105


Technology – 4.3%
Ahead DB Holdings LLC 6.625%, 05/01/2028^(a)			393		393,000
Almaviva-The Italian Innovation Co. SpA 5.00%, 10/30/2030^(a)		EUR	1,162		1,295,216
Amkor Technology, Inc. 5.875%, 10/01/2033^(a)		U.S.$	531		532,863
AthenaHealth Group, Inc. 6.50%, 02/15/2030^(a)			1,181		1,132,481
Cloud Software Group, Inc. 6.50%, 03/31/2029^(a)			1,651		1,602,576
6.625%, 08/15/2033^(a)			1,978		1,713,005
8.25%, 06/30/2032^(a)			3,607		3,377,080
CoreWeave, Inc. 8.50%, 07/15/2032^(a)		EUR	740		834,025
9.25%, 06/01/2030^(a)		U.S.$	2,071		2,083,748
9.625%, 07/15/2032^(a)			782		770,524
9.75%, 10/01/2031^(a)			579		577,493
Diebold Nixdorf, Inc. 7.75%, 03/31/2030^(a)			748		780,478
Ellucian Holdings, Inc. 6.50%, 12/01/2029^(a)			3,125		3,027,777
Fortress Intermediate 3, Inc. 7.50%, 06/01/2031^(a)			1,147		1,166,885
GoTo Group, Inc. 5.50%, 05/01/2028^(a)			1,403		679,485
IPD 3 BV 5.50%, 06/15/2031^(a)		EUR	819		912,395
McAfee Corp. 7.375%, 02/15/2030^(a)		U.S.$	551		468,235
Meridian Arc Holdco LLC 6.25%, 04/30/2031^(a)			3,510		3,516,346
MKS, Inc. 4.25%, 02/15/2034^(a)		EUR	1,037		1,169,769
OAK-Eagle Acquireco, Inc. 6.25%, 07/01/2033^(a)			758		906,147
7.25%, 07/01/2033^(a)		U.S.$	1,242		1,300,364
8.75%, 07/01/2034^(a)			2,152		2,283,685
ON Semiconductor Corp. 3.875%, 09/01/2028^(a)			435		422,722


	Principal Amount (000)			U.S. $ Value

Playtika Holding Corp. 4.25%, 03/15/2029^(a)		U.S.$	2,868	$	2,566,882
Rackspace Finance LLC 3.50%, 05/15/2028^(a)			3,030		2,754,881
Rocket Software, Inc. 9.00%, 11/28/2028^(a)			1,954		1,939,055
Sensata Technologies BV 5.875%, 09/01/2030^(a)			584		585,941
TeamSystem SpA 5.00%, 07/01/2031^(a)		EUR	956		1,053,079
6.50%, 07/01/2032^(a)			129		147,230
Virtusa Corp. 7.125%, 12/15/2028^(a)		U.S.$	1,633		1,290,718
WULF Compute LLC 7.75%, 10/15/2030^(a)			946		992,943

					42,277,028


Transportation - Airlines – 1.0%
Allegiant Travel Co. 7.125%, 07/01/2031^(a)			2,083		2,108,012
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.75%, 04/20/2029^(a)			4,007		4,013,505
Avianca Midco 2 PLC 9.625%, 02/14/2030^(a)			449		446,641
JetBlue Airways Corp./JetBlue Loyalty LP 9.875%, 09/20/2031^(a)			514		465,813
VistaJet Malta Finance PLC/Vista Management Holding, Inc. 8.75%, 01/15/2032^(a)			700		693,000
9.50%, 06/01/2028^(a)			179		181,262
WestJet Airlines Ltd. 8.00%, 02/14/2031^(a)			1,880		1,886,764

					9,794,997


Transportation - Services – 1.5%
Albion Financing 1 SARL/Aggreko Holdings, Inc. 5.375%, 05/21/2030^(a)		EUR	186		219,073
Alta Equipment Group, Inc. 9.00%, 06/01/2029^(a)		U.S.$	415		398,689
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 4.75%, 04/01/2028^(a)			2,095		2,058,775
5.375%, 03/01/2029^(a)			138		134,503
5.75%, 07/15/2027^(a)			160		160,041
Avis Budget Finance PLC 7.25%, 07/31/2030^(a)		EUR	952		1,109,730
BCP V Modular Services Finance PLC 6.75%, 11/30/2029^(a)			1,214		892,532
BCP V Modular Services Finance II PLC 4.75%, 11/30/2028^(a)			582		629,698
Boels Topholding BV 6.25%, 02/15/2029^(a)			432		504,183
Danaos Corp. 6.875%, 10/15/2032^(a)		U.S.$	439		453,136
Dcli Bidco LLC 7.75%, 11/15/2029^(a)			529		546,816
Edge Finco PLC 8.125%, 08/15/2031^(a)		GBP	479		664,366
EquipmentShare.com, Inc. 7.125%, 07/01/2034^(a)		U.S.$	700		687,691
GB AIT Buyer, Inc. 8.75%, 04/30/2034^(a)			303		304,127
Hertz Corp. (The) 4.625%, 12/01/2026^(a)			288		263,254
12.625%, 07/15/2029^(a)			202		164,281
Kapla Holding SAS 5.00%, 04/30/2031^(a)		EUR	1,406		1,614,528
PODS LLC 8.75%, 05/15/2031^(a)		U.S.$	1,051		1,028,489


	Principal Amount (000)			U.S. $ Value

PROG Holdings, Inc. 6.00%, 11/15/2029^(a)		U.S.$	1,572	$	1,537,228
Rand Parent LLC 8.50%, 02/15/2030^(a)			372		385,082
Star Leasing Co. LLC 7.625%, 02/15/2030^(a)			442		435,335
Synergy Infrastructure Holdings LLC 7.00%, 07/15/2034^(a)			234		237,309

					14,428,866

					535,773,293


Financial Institutions – 8.9%
Banking – 0.7%
Ally Financial, Inc. Series C 4.70%, 05/15/2028⁽ⁿ⁾			256		248,348
Armor Holdco, Inc. 8.50%, 11/15/2029^(a)			1,967		1,981,023
Bread Financial Holdings, Inc. 6.75%, 05/15/2031^(a)			662		677,361
8.375%, 06/15/2035^(a)			767		799,294
CaixaBank SA 5.875%, 10/09/2027^(a)(n)		EUR	1,000		1,168,724
Freedom Mortgage Corp. 12.25%, 10/01/2030^(a)		U.S.$	71		76,608
Synchrony Financial Series C 7.25%, 08/15/2031⁽ⁿ⁾			1,823		1,807,542

					6,758,900


Brokerage – 1.1%
Aretec Group, Inc. 7.50%, 04/01/2029^(a)			641		639,096
10.00%, 08/15/2030^(a)			1,697		1,789,329
First Eagle Holdings, Inc. 7.25%, 08/15/2032^(a)			1,334		1,344,056
Focus Financial Partners LLC 6.75%, 09/15/2031^(a)			850		858,211
Hightower Holding LLC 6.75%, 04/15/2029^(a)			2,936		2,925,241
Jane Street Group/JSG Finance, Inc. 6.75%, 05/01/2033^(a)			1,367		1,404,625
7.125%, 04/30/2031^(a)			764		790,093
Osaic Holdings, Inc. 8.00%, 08/01/2033^(a)			179		179,390
VFH Parent LLC/Valor Co-Issuer, Inc. 7.50%, 06/15/2031^(a)			1,089		1,138,984

					11,069,025


Finance – 3.1%
Black Pearl Compute LLC 6.125%, 02/15/2031^(a)			488		495,221
CNG Holdings, Inc. 16.50% (16.50% Cash or 14.50% Cash and 3.00% PIK), 06/30/2031^(b)(d)(g)(m)			842		664,820
Compass Group Diversified Holdings LLC 5.25%, 04/15/2029^(a)			2,652		2,526,236
Curo SPV LLC 13.00%, 08/02/2027^(d)(g)			2,772		2,647,277
Enova International, Inc. 9.125%, 08/01/2029^(a)			1,916		2,002,970
11.25%, 12/15/2028^(a)			651		686,014
Freedom Mortgage Holdings LLC 8.375%, 04/01/2032^(a)			1,231		1,252,335
9.125%, 05/15/2031^(a)			7		7,239
9.25%, 02/01/2029^(a)			243		252,557
GGAM Finance Ltd. 6.875%, 04/15/2029^(a)			263		268,999
8.00%, 06/15/2028^(a)			1,189		1,231,653


	Principal Amount (000)			U.S. $ Value

goeasy Ltd. 6.875%, 05/15/2030^(a)		U.S.$	739	$	657,772
7.375%, 10/01/2030^(a)(i)			967		870,017
7.625%, 07/01/2029^(a)			2,928		2,763,414
Jefferies Finance LLC/JFIN Co-Issuer Corp. 5.00%, 08/15/2028^(a)			1,987		1,918,958
Navient Corp. 4.875%, 03/15/2028			1,706		1,672,939
5.00%, 03/15/2027			422		418,925
5.50%, 03/15/2029			326		312,860
9.375%, 07/25/2030			353		358,580
9.375%, 10/15/2031			700		697,244
11.50%, 03/15/2031			845		891,801
Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc. 7.75%, 05/15/2031^(a)			700		693,641
Phoenix Aviation Capital Ltd. 9.25%, 07/15/2030^(a)			1,004		1,036,404
Planet Financial Group LLC 10.50%, 12/15/2029^(a)			265		261,754
Prospect Capital Corp. 3.44%, 10/15/2028			22		20,680
Rfna LP 7.875%, 02/15/2030^(a)			1,118		1,125,899
SLM Corp. 6.495%, 05/15/2032			1,097		1,097,197
Stonebriar ABF Issuer LLC 7.00%, 08/15/2031^(a)			1,438		1,438,386
8.125%, 12/15/2030^(a)			977		1,020,944
Terawulf, Inc. Zero Coupon, 05/01/2032^(a)(o)			53		77,955
TrueNoord Capital DAC 8.75%, 03/01/2030^(a)			265		274,814
Velocity Commercial Capital LLC 9.375%, 02/15/2031^(a)			413		427,292

					30,072,797


Financial Services – 1.4%
1261229 BC Ltd. 10.00%, 04/15/2032^(a)			5,478		5,545,036
ADI Escrow Issuer LLC 7.125%, 07/15/2034^(a)			410		417,956
Asurion LLC/Asurion Co-Issuer, Inc. 8.00%, 12/31/2032^(a)			1,484		1,501,178
8.375%, 02/01/2034^(a)			350		324,368
Cipher Compute LLC 7.125%, 11/15/2030^(a)			1,618		1,683,641
Encore Capital Group, Inc. 6.625%, 04/15/2031^(a)			400		404,416
8.50%, 05/15/2030^(a)			982		1,043,324
Nassau Cos. of New York (The) 7.875%, 07/15/2030^(a)			433		413,851
SE Cosmos LLC 8.875%, 05/01/2031^(a)			700		719,657
Stingray Compute LLC 6.00%, 06/15/2031^(a)			1,195		1,197,756
Stonepeak Motion Holdco Ltd./Stonepeak Motion Finco LLC 5.00%, 07/15/2033^(a)		EUR	268		308,103
Titanium 2l Bondco SARL 6.25%, 01/14/2031^(b)			218		35,407
WS Escrow LLC 7.75%, 06/01/2033^(a)		U.S.$	700		718,366

					14,313,059


Insurance – 1.9%
Acrisure LLC/Acrisure Finance, Inc. 4.25%, 02/15/2029^(a)			2,162		1,973,198
6.00%, 08/01/2029^(a)			326		288,417
7.50%, 11/06/2030^(a)			675		640,024
8.25%, 02/01/2029^(a)			1,048		986,151


	Principal Amount (000)			U.S. $ Value

8.50%, 06/15/2029^(a)		U.S.$	659	$	621,406
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 6.75%, 04/15/2028^(a)			2,822		2,844,088
7.00%, 01/15/2031^(a)			139		141,243
AmWINS Group, Inc. 6.375%, 02/15/2029^(a)			1,131		1,135,950
APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Inves 7.875%, 11/01/2029^(a)			418		423,401
Ardonagh Finco Ltd. 6.875%, 02/15/2031^(a)		EUR	286		327,783
7.75%, 02/15/2031^(a)		U.S.$	2,329		2,354,683
Ardonagh Group Finance Ltd. 8.875%, 02/15/2032^(a)			2,338		2,279,567
CRC Insurance Group LLC 7.125%, 06/01/2031^(a)			1,752		1,745,711
Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC 7.25%, 02/15/2031^(a)			1,735		1,682,265
8.125%, 02/15/2032^(a)			1,010		909,327

					18,353,214


REITs – 0.7%
Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp. 9.75%, 04/15/2030^(a)			410		440,553
Brandywine Operating Partnership LP 8.875%, 04/12/2029			253		267,118
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL 4.50%, 04/01/2027^(a)			373		368,733
EF Holdco/EF Cayman Hold/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM 7.375%, 09/30/2030^(a)			406		404,112
Five Point Operating Co. LP 8.00%, 10/01/2030^(a)			852		872,448
Hudson Pacific Properties LP 3.25%, 01/15/2030			515		450,510
3.95%, 11/01/2027			19		18,520
4.65%, 04/01/2029			38		35,966
Iron Mountain, Inc. 4.75%, 01/15/2034^(a)		EUR	1,620		1,837,581
MPT Operating Partnership LP/MPT Finance Corp. 4.625%, 08/01/2029		U.S.$	519		417,015
7.00%, 02/15/2032^(a)		EUR	149		171,356
Rithm Capital Corp. 8.50%, 06/01/2031^(a)		U.S.$	700		702,352
RLJ Lodging Trust LP 4.00%, 09/15/2029^(a)			406		386,690
Starwood Property Trust, Inc. 5.875%, 08/15/2029^(a)			700		702,290
Vivion Investments SARL Series E 6.50%, 02/28/2029^(a)(b)(c)		EUR	3		3,337

					7,078,581

					87,645,576


Utility – 1.0%
Electric – 0.9%
AES Corp. (The) 7.60%, 01/15/2055		U.S.$	72		73,615
EUSHI Finance, Inc. 6.25%, 04/01/2056			148		146,947
7.625%, 12/15/2054			361		375,218
Neoen Finco PLC 5.50%, 06/15/2031^(a)		EUR	495		576,192
NRG Energy, Inc. 3.375%, 02/15/2029^(a)		U.S.$	1,109		1,057,533


	Principal Amount (000)			U.S. $ Value

3.625%, 02/15/2031^(a)		U.S.$	445	$	413,181
5.25%, 06/15/2029^(a)			80		79,797
5.75%, 07/15/2029^(a)			1,744		1,744,285
10.25%, 03/15/2028^(a)(n)			842		908,288
PG&E Corp. 7.375%, 03/15/2055			657		669,560
Vistra Corp. 7.00%, 12/15/2026^(a)(n)			835		840,683
8.00%, 10/15/2026^(a)(n)			1,003		1,010,687
XPLR Infrastructure Operating Partners LP 4.50%, 09/15/2027^(a)			251		248,649
7.25%, 01/15/2029^(a)			391		404,722

					8,549,357


Natural Gas – 0.1%
AltaGas Ltd. 7.20%, 10/15/2054^(a)			405		424,116
AmeriGas Partners LP/AmeriGas Finance Corp. 6.875%, 06/01/2031^(a)			24		24,278
9.375%, 06/01/2028^(a)			430		439,736
9.50%, 06/01/2030^(a)			28		30,042

					918,172

					9,467,529


Total Corporates - Non-Investment Grade (cost $645,464,756)					632,886,398


CORPORATES - INVESTMENT GRADE – 15.4%
Industrial – 8.8%
Basic – 0.8%
Australian Metcoal Financing Pty Ltd. 6.25%, 10/22/2031^(a)			507		515,742
FMC Corp. 8.00%, 06/01/2031^(a)			686		713,735
Freeport Indonesia PT 4.76%, 04/14/2027^(a)			281		280,898
Hudbay Minerals, Inc. 6.125%, 04/01/2029^(a)			408		410,080
Industrias Penoles SAB de CV 5.65%, 09/12/2049^(a)			386		354,927
MEGlobal Canada ULC 5.875%, 05/18/2030^(a)			343		349,766
Nexa Resources SA 6.75%, 04/09/2034^(a)			961		1,014,267
Orbia Advance Corp. SAB de CV 7.50%, 05/13/2035^(a)			1,856		1,858,320
SNF Group SACA 3.375%, 03/15/2030^(a)			1,151		1,071,358
5.63%, 03/31/2031^(a)			593		600,539
Sociedad Quimica y Minera de Chile SA 5.625%, 04/22/2056^(a)			516		511,743
6.50%, 11/07/2033^(a)			406		431,923

					8,113,298


Communications - Media – 0.8%
Charter Communications Operating LLC/Charter Communications Operating Capital 4.80%, 03/01/2050			173		128,975
5.375%, 05/01/2047			111		89,479
6.48%, 10/23/2045			531		487,774
Grupo Televisa SAB 6.625%, 01/15/2040			481		422,212
8.50%, 03/11/2032			327		351,116
Meta Platforms, Inc. 5.50%, 11/15/2045			1,430		1,327,153
5.75%, 11/15/2065			1,476		1,325,481
Nexstar Media, Inc. 6.50%, 09/15/2033^(a)			2,227		2,227,809
Prosus NV 3.06%, 07/13/2031^(a)			1,674		1,520,662
4.03%, 08/03/2050^(a)			331		233,355
					8,114,016


	Principal Amount (000)			U.S. $ Value

Communications - Telecommunications – 0.5%
Beacon Point DC LLC 6.13%, 11/30/2042^(a)		U.S.$	532	$	536,164
Bell Telephone Co. of Canada or Bell Canada 6.875%, 09/15/2055			530		541,787
HUT 8 DC LLC 6.19%, 11/15/2042^(a)			1,870		1,897,478
TELUS Corp. 6.625%, 10/15/2055			106		107,503
6.625%, 06/09/2056			646		643,888
7.00%, 10/15/2055			1,087		1,123,510

					4,850,330


Consumer Cyclical - Automotive – 0.7%
Adient Global Holdings Ltd. 7.00%, 04/15/2028^(a)			207		210,651
Aptiv Swiss Holdings Ltd. 6.875%, 12/15/2054			387		395,394
Ford Motor Co. 3.25%, 02/12/2032			4,123		3,632,344
Ford Motor Credit Co. LLC 6.53%, 03/19/2032			764		789,217
General Motors Financial Co., Inc. 5.45%, 01/08/2036⁽ⁱ⁾			287		285,773
Jaguar Land Rover Automotive PLC 4.50%, 10/01/2027^(a)			780		773,613
Phinia, Inc. 6.75%, 04/15/2029^(a)			562		576,081
Qnity Electronics, Inc. 5.75%, 08/15/2032^(a)			519		522,115

					7,185,188


Consumer Cyclical - Entertainment – 0.6%
Carnival Corp., Ltd. 4.00%, 08/01/2028^(a)			1,623		1,592,667
5.125%, 05/01/2029^(a)			2,227		2,223,730
5.75%, 03/15/2030^(a)			592		598,976
VOC Escrow Ltd. 5.00%, 02/15/2028^(a)			1,850		1,846,196
					6,261,569

Consumer Cyclical - Other – 1.4%
Flutter Treasury DAC 4.00%, 06/04/2031^(a)		EUR	1,003		1,127,179
5.875%, 06/04/2031^(a)		U.S.$	839		835,177
6.125%, 06/04/2031^(a)		GBP	463		611,389
GENM Capital Labuan Ltd. 3.88%, 04/19/2031^(a)		U.S.$	891		802,791
JH North America Holdings, Inc. 5.875%, 01/31/2031^(a)			219		220,005
6.125%, 07/31/2032^(a)			1,001		1,009,869
Las Vegas Sands Corp. 5.625%, 06/15/2028			1,381		1,397,667
5.65%, 05/18/2033			387		387,147
6.00%, 06/14/2030			702		721,393
Sands China Ltd. 3.25%, 08/08/2031^(c)			285		259,350
4.375%, 06/18/2030^(c)			550		532,786
Sekisui House US, Inc. 6.00%, 01/15/2043			3,747		3,439,206
Voyager Parent LLC 9.25%, 07/01/2032^(a)			2,090		2,210,084

					13,554,043


Consumer Cyclical - Restaurants – 0.4%
1011778 BC ULC/New Red Finance, Inc. 3.50%, 02/15/2029^(a)			90		86,592
3.875%, 01/15/2028^(a)			1,492		1,464,571
6.125%, 06/15/2029^(a)			2,051		2,081,929
					3,633,092


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Retailers – 0.2%
Falabella SA 3.375%, 01/15/2032^(a)		U.S.$	583	$	527,251
Macy’s Retail Holdings LLC 6.375%, 03/15/2037			199		186,625
Nordstrom, Inc. 5.00%, 01/15/2044			737		520,582
Zhongsheng Group Holdings Ltd. 5.98%, 01/30/2028^(a)			490		466,088

					1,700,546


Consumer Non-Cyclical – 0.7%
Charles River Laboratories International, Inc. 3.75%, 03/15/2029^(a)			1,335		1,281,278
Jazz Securities DAC 4.375%, 01/15/2029^(a)			2,280		2,233,355
Teva Pharmaceutical Finance Netherlands II BV 4.375%, 05/09/2030		EUR	1,000		1,159,916
Teva Pharmaceutical Finance Netherlands III BV 4.75%, 05/09/2027		U.S.$	313		312,805
5.125%, 05/09/2029⁽ⁱ⁾			517		517,214
8.125%, 09/15/2031			506		570,558
Utah Acquisition Sub, Inc. 5.25%, 06/15/2046			470		397,708
Viatris, Inc. 2.70%, 06/22/2030			744		679,064

					7,151,898


Energy – 1.7%
Antero Midstream Partners LP/Antero Midstream Finance Corp. 5.375%, 06/15/2029^(a)			1,733		1,728,347
5.75%, 01/15/2028^(a)			542		542,366
5.75%, 10/15/2033^(a)			183		181,257
APA Corp. 4.75%, 04/15/2043			2		1,600
Energy Transfer LP 7.125%, 10/01/2054			147		151,403
8.00%, 05/15/2054			1,494		1,585,482
Harbour Energy PLC 6.33%, 04/01/2035^(a)			1,749		1,785,829
Hess Midstream Operations LP 5.875%, 03/01/2028^(a)			1,335		1,344,496
MV24 Capital BV 6.75%, 06/01/2034^(a)			373		371,710
Permian Resources Operating LLC 6.25%, 02/01/2033^(a)			949		969,236
Tengizchevroil Finance Co. International Ltd. 3.25%, 08/15/2030^(a)			1,107		1,026,189
Var Energi ASA 5.875%, 05/22/2030^(a)			1,027		1,058,068
6.50%, 05/22/2035^(a)			581		617,262
8.00%, 11/15/2032^(a)			1,300		1,473,766
Venture Global Calcasieu Pass LLC 3.875%, 08/15/2029^(a)			93		88,774
6.25%, 01/15/2030^(a)			1,115		1,142,714
Western Midstream Operating LP 7.25%, 04/01/2030^(a)			780		818,494
Woodside Finance Ltd. 6.00%, 05/19/2035			1,182		1,231,604

					16,118,597


Other Industrial – 0.1%
American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028^(a)			203		199,529
RB Global Holdings, Inc. 6.75%, 03/15/2028^(a)			452		458,083

					657,612


	Principal Amount (000)			U.S. $ Value

Services – 0.2%
Block, Inc. 3.50%, 06/01/2031		U.S.$	774	$	712,410
Gaia Purchaser, Inc. 7.625%, 07/15/2033^(a)			1,212		1,225,917

					1,938,327


Technology – 0.3%
Gartner, Inc. 3.625%, 06/15/2029^(a)			7		6,625
Oracle Corp. 4.375%, 05/15/2055			123		81,935
5.375%, 09/27/2054			186		145,681
5.95%, 09/26/2055			355		301,696
RD Michigan Property Owner I LLC 7.50%, 03/30/2045^(a)			1,969		1,966,150
Seagate Data Storage Technology Pte. Ltd. 8.50%, 07/15/2031^(a)			537		561,170

					3,063,257


Transportation - Airlines – 0.1%
Air Canada 3.875%, 08/15/2026^(a)			845		844,215
United Airlines, Inc. 4.625%, 04/15/2029^(a)			223		219,841

					1,064,056


Transportation - Railroads – 0.0%
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036^(a)			323		307,206


Transportation - Services – 0.3%
Adani Ports & Special Economic Zone Ltd. 3.10%, 02/02/2031^(a)			486		437,886
3.83%, 02/02/2032^(a)			413		376,466
4.375%, 07/03/2029^(a)			809		785,612
JSW Infrastructure Ltd. 4.95%, 01/21/2029^(a)			204		202,026
United Rentals North America, Inc. 3.875%, 11/15/2027			951		938,040

					2,740,030

					86,453,065


Financial Institutions – 5.4%
Banking – 3.1%
Ally Financial, Inc. 6.70%, 02/14/2033			500		515,764
6.85%, 01/03/2030			380		394,975
8.00%, 11/01/2031			281		312,598
Banco Santander SA 3.225%, 11/22/2032			200		181,171
6.92%, 08/08/2033			2,600		2,827,476
Bank Leumi Le-Israel BM 7.13%, 07/18/2033^(a)			450		460,829
Barclays PLC 7.12%, 06/27/2034			361		395,752
BNP Paribas SA 4.625%, 02/25/2031^(a)(n)			2,924		2,692,514
BPCE SA 6.51%, 01/18/2035^(a)			1,232		1,283,279
CaixaBank SA 5.58%, 07/03/2036^(a)			575		581,717
6.84%, 09/13/2034^(a)			975		1,065,393
Capital One Financial Corp. 7.96%, 11/02/2034			270		310,524
Citigroup, Inc. 6.625%, 02/15/2031⁽ⁿ⁾			1,196		1,216,468
Series AA 7.625%, 11/15/2028⁽ⁿ⁾			339		353,521
Deutsche Bank AG/New York NY 3.73%, 01/14/2032			1,435		1,345,033
7.08%, 02/10/2034			475		512,525


	Principal Amount (000)			U.S. $ Value

HSBC Holdings PLC 8.11%, 11/03/2033		U.S.$	225	$	258,570
Series E 4.75%, 07/04/2029^(a)(n)		EUR	1,595		1,840,302
Intesa Sanpaolo SpA 6.005%, 06/29/2037^(a)		U.S.$	3,310		3,338,881
Lloyds Banking Group PLC 6.07%, 06/13/2036			207		213,606
Nationwide Building Society 5.54%, 07/14/2036^(a)			430		433,128
Societe Generale SA 3.625%, 03/01/2041^(a)			2,348		1,733,399
5.40%, 04/10/2037^(a)			2,481		2,436,484
5.51%, 05/22/2031^(a)			957		972,382
Synchrony Financial 7.25%, 02/02/2033			2,356		2,457,377
UBS Group AG 6.625%, 01/08/2031^(a)(n)			724		724,792
7.125%, 08/10/2034^(a)(n)			544		548,861
9.25%, 11/13/2028^(a)(n)			248		266,714
UniCredit SpA 5.86%, 06/19/2032^(a)			845		849,410

					30,523,445


Brokerage – 0.0%
BGC Group, Inc. 6.60%, 06/10/2029			83		85,593


Finance – 0.7%
CFAMC II Co., Ltd. Series E 4.875%, 11/22/2026^(a)			230		230,131
CFAMC III Co., Ltd. 4.75%, 04/27/2027^(a)			400		399,188
FS KKR Capital Corp. 3.125%, 10/12/2028			480		451,820
7.50%, 08/01/2031			700		696,998
HPS Corporate Lending Fund 5.45%, 01/14/2028			293		291,985
6.25%, 09/30/2029			84		84,489
ILFC E-Capital Trust II 6.73% (CME Term SOFR 3 Month + 2.06%), 12/21/2065^(a)(l)			2,000		1,746,867
Jefferies Finance LLC/JFIN Co-Issuer Corp. 6.625%, 10/15/2031^(a)			395		388,917
Main Street Capital Corp. 6.50%, 06/04/2027			58		58,595
Midcap Financial Issuer Trust 6.50%, 05/01/2028^(a)			431		430,388
Rocket Cos., Inc. 6.125%, 08/01/2031^(a)			700		714,919
Sumisho Air Lease Corp. Series B 8.26%, 09/15/2026⁽ⁿ⁾			1,229		1,235,876

					6,730,173


Insurance – 0.9%
Aegon Ltd. 5.50%, 04/11/2048			329		330,025
Allianz SE 6.50%, 10/30/2034^(a)(n)			400		401,168
Centene Corp. 2.50%, 03/01/2031			685		598,232
2.625%, 08/01/2031			581		506,221
3.00%, 10/15/2030			1,129		1,020,850
Global Atlantic Fin Co. 7.95%, 10/15/2054^(a)			449		452,543
Humana, Inc. 6.625%, 09/15/2056			467		465,083
Liberty Mutual Group, Inc. 7.80%, 03/15/2037^(a)			2,187		2,442,891


	Principal Amount (000)			U.S. $ Value

MetLife, Inc. 9.25%, 04/08/2038^(a)		U.S.$	319	$	373,213
10.75% (CME Term SOFR 3 Month + 0.00%), 08/01/2039			589		762,977
Prudential Financial, Inc. 4.50%, 09/15/2047			355		350,103
5.70%, 09/15/2048			39		39,041
6.25%, 06/15/2056			396		396,849

					8,139,196


REITs – 0.7%
GLP Capital LP/GLP Financing II, Inc. 5.75%, 11/01/2037			663		651,769
Highwoods Realty LP 5.35%, 01/15/2033			524		520,980
InRetail Shopping Malls 5.65%, 10/16/2032^(a)			355		352,391
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. 4.75%, 06/15/2029^(a)			284		277,565
Newmark Group, Inc. 7.50%, 01/12/2029			2,329		2,441,899
Omega Healthcare Investors, Inc. 5.20%, 07/01/2030			577		579,812
Trust Fibra Uno 4.87%, 01/15/2030^(a)			670		644,520
Trust 2401 4.87%, 01/15/2030^(a)			1,298		1,259,053

					6,727,989

					52,206,396


Utility – 1.2%
Electric – 1.2%
Adani Electricity Mumbai Ltd. 3.87%, 07/22/2031^(a)			430		392,375
3.95%, 02/12/2030^(a)			634		596,645
AES Andes SA 6.30%, 03/15/2029^(a)			1,037		1,058,652
American Electric Power Co., Inc. 6.95%, 12/15/2054			488		520,835
Series D 6.05%, 03/15/2056			297		295,232
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy 7.875%, 02/15/2039^(a)			443		466,947
Constellation Energy Generation LLC 4.625%, 02/01/2029^(a)			206		204,838
Edison International 8.125%, 06/15/2053			439		450,727
Electricite de France SA 9.125%, 03/15/2033^(a)(n)			427		495,924
Empresas Publicas de Medellin ESP 4.25%, 07/18/2029^(a)			1,640		1,543,584
Engie Energia Chile SA 6.375%, 04/17/2034^(a)			720		752,400
Eversource Energy Series A 6.10%, 08/15/2056			223		222,313
Series B 6.35%, 08/15/2056			181		181,152
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple 7.25%, 01/31/2041^(a)			219		221,775
LLPL Capital Pte. Ltd. 6.875%, 02/04/2039^(a)			236		239,391
Minejesa Capital BV 4.625%, 08/10/2030^(a)			739		728,492
5.625%, 08/10/2037^(a)			308		293,370
Niagara Energy SAC 5.75%, 10/03/2034^(a)			492		494,219


	Principal Amount (000)			U.S. $ Value

PacifiCorp 5.80%, 04/15/2036		U.S.$	1,521	$	1,560,114
7.375%, 09/15/2055			375		378,620
Vistra Operations Co. LLC 7.75%, 10/15/2031^(a)			357		374,012

					11,471,617


Other Utility – 0.0%
COX Asset Mexico SA de CV 7.125%, 01/08/2032^(a)			241		244,373

					11,715,990


Total Corporates - Investment Grade (cost $146,692,497)					150,375,451


EMERGING MARKETS - CORPORATE BONDS – 5.2%
Industrial – 4.2%
Basic – 1.4%
Braskem Idesa SAPI 6.99%, 02/20/2032^(e)(h)(j)			439		277,589
7.45%, 11/15/2029^(e)(h)(j)			1,393		879,039
Braskem Netherlands Finance BV 4.50%, 01/10/2028^(e)(h)(j)			3,768		2,320,900
CSN Inova Ventures 6.75%, 01/28/2028^(a)			1,081		893,879
First Quantum Minerals Ltd. 8.00%, 03/01/2033^(a)			1,055		1,103,261
Nickel Industries Ltd. 9.00%, 09/30/2030^(a)			269		276,192
OCP SA 6.74%, 04/22/2031^(a)(n)			241		239,843
Sasol Financing USA LLC 8.75%, 05/03/2029^(a)			202		211,258
8.75%, 04/10/2033^(a)			622		643,913
Sibanye-Stillwater UK Financing PLC 6.25%, 11/15/2031^(a)			818		811,865
Stonepeak Motion Holdco Ltd./Stonepeak Motion Finco LLC 6.125%, 07/15/2033^(a)			656		656,820
UPL Corp., Ltd. 4.625%, 06/16/2030^(a)			473		438,855
Vedanta Resources Finance II PLC 7.00%, 07/13/2032^(a)			2,100		2,093,190
9.85%, 04/24/2033^(a)			344		376,115
10.25%, 06/03/2028^(a)			940		963,818
10.875%, 09/17/2029^(a)			584		622,053
Volcan Cia Minera SAA 8.50%, 10/28/2032^(a)			664		684,518

					13,493,108


Capital Goods – 0.2%
Ambipar Lux SARL 10.875%, 02/05/2033^(a)(h)(j)			1,082		243,450
IHS Holding Ltd. 6.25%, 11/29/2028^(a)			383		381,444
7.875%, 05/29/2030^(a)			535		550,665
IRB Infrastructure Developers Ltd. 7.11%, 03/11/2032^(a)			475		481,270

					1,656,829


Communications - Media – 0.0%
Telecomunicaciones Digitales SA 4.50%, 01/30/2030^(a)			246		234,666


Communications - Telecommunications – 0.2%
DB Terra Chile HoldCo SpA 7.95%, 04/20/2031^(a)			487		473,018
Digicel Group Holdings Ltd. Zero Coupon, 12/31/2030^(d)(e)(g)			96		964
Sable International Finance Ltd. 7.125%, 10/15/2032^(a)			688		683,403


	Principal Amount (000)			U.S. $ Value

Telecom Argentina SA 9.25%, 05/28/2033^(a)		U.S.$	468	$	499,272
Telecommunications co Telekom Srbija AD Belgrade 7.00%, 10/28/2029^(a)			275		275,412

					1,932,069


Consumer Cyclical - Other – 0.7%
Celestial Dynasty Ltd. 4.25%, 06/27/2029^(a)			529		493,292
Melco Resorts Finance Ltd. 5.375%, 12/04/2029^(a)			1,356		1,320,599
5.625%, 07/17/2027^(a)			965		963,070
5.75%, 07/21/2028^(a)			1,255		1,246,592
6.50%, 09/24/2033^(a)			253		248,497
MGM China Holdings Ltd. 4.75%, 02/01/2027^(a)			1,122		1,118,152
Wynn Macau Ltd. 5.50%, 10/01/2027^(a)			747		743,265
5.625%, 08/26/2028^(a)			717		711,049
6.75%, 02/15/2034^(a)			625		621,834

					7,466,350


Consumer Cyclical - Retailers – 0.0%
K201640219 South Africa Ltd. Zero Coupon, 06/25/2023^(d)(f)(g)(h)		ZAR	45		0
K2016470219 South Africa Ltd. 3.00%, 12/31/2022^{(d)(e)(f)(g)(h)}		U.S.$	1,100		0
K2016470260 South Africa Ltd. 25.00%, 12/31/2022^{(d)(e)(f)(g)(h)}			771		0

					0


Consumer Non-Cyclical – 0.3%
Anadolu Efes Biracilik Ve Malt Sanayii AS 3.375%, 06/29/2028^(a)			550		512,848
Biocon Biologics Global PLC 6.67%, 10/09/2029^(a)			483		486,937
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL 5.25%, 04/27/2029^(a)			508		499,872
MARB BondCo PLC 3.95%, 01/29/2031^(a)			547		482,027
Natura & Co. Luxembourg Holdings SARL 4.125%, 05/03/2028^(a)			859		812,029

					2,793,713


Energy – 1.3%
Acu Petroleo Luxembourg SARL 7.50%, 01/13/2032^(a)			463		475,894
Borr IHC Ltd./Borr Finance LLC 8.75%, 01/15/2032^(a)			700		683,375
Ecopetrol SA 5.875%, 05/28/2045			507		417,439
5.875%, 11/02/2051			1,259		1,007,458
8.375%, 01/19/2036			1,109		1,193,284
8.625%, 01/19/2029			1,443		1,533,404
Gran Tierra Energy, Inc. 9.75%, 04/15/2031^(a)			227		198,739
Greenko Wind Projects Mauritius Ltd. 7.25%, 09/27/2028^(a)			969		977,115
Leviathan Bond Ltd. 6.50%, 06/30/2027^(a)			1,327		1,330,733
Medco Cypress Tree Pte. Ltd. 8.625%, 05/19/2030^(a)			411		428,673
Medco Maple Tree Pte. Ltd. 8.96%, 04/27/2029^(a)			565		582,091
Raizen Fuels Finance SA 5.70%, 01/17/2035^(e)(h)(j)			926		515,077
6.25%, 07/08/2032^(e)(h)(j)			1,452		802,148
6.45%, 03/05/2034^(e)(h)(j)			464		257,889
6.70%, 02/25/2037^(e)(h)(j)			1,010		555,500


	Principal Amount (000)		U.S. $ Value

SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development 9.00%, 11/14/2030^(a)	U.S.$	496	$	488,732
Tecpetrol SA 7.625%, 11/03/2030^(a)		474		488,452
Threelands Energy Ltd. SARL 7.45%, 10/20/2035^(a)		270		273,560
Transportadora de Gas del Sur SA 7.75%, 11/20/2035^(a)		370		380,175
YPF SA 8.50%, 06/27/2029^(a)		143		149,794
8.75%, 09/11/2031^(a)		282		299,027

				13,038,559


Services – 0.0%
Bidvest Group UK PLC (The) 6.20%, 09/17/2032^(a)		200		201,372


Transportation - Services – 0.1%
Kingston Airport Revenue Finance Ltd. 6.75%, 12/15/2036^(a)		494		497,213
TAV Havalimanlari Holding AS 8.50%, 12/07/2028^(a)		270		278,185

				775,398

				41,592,064


Utility – 0.6%
Electric – 0.6%
AES Andes SA 8.15%, 06/10/2055^(a)		896		934,473
Continuum Energy Aura Pte. Ltd. 9.50%, 02/24/2027^(a)		483		485,415
Continuum Green Energy India Pvt./Co-Issuers 7.50%, 06/26/2033^(a)		256		262,488
India Clean Energy Holdings 4.50%, 04/18/2027^(a)		311		306,335
Investment Energy Resources Ltd. 6.25%, 04/26/2029^(a)		618		612,136
JSW Hydro Energy Ltd. 4.125%, 05/18/2031^(a)		358		332,769
Limak Yenilenebilir Enerji AS 9.625%, 08/12/2030^(a)		232		232,146
Orazul Energy Peru SA 6.25%, 09/17/2032^(a)		249		248,938
Renew Treasury Ifsc Pvt. Ltd. 6.50%, 02/02/2031^(a)		289		286,517
ReNew Wind Energy AP2/ReNew Power Pvt. Ltd. 4.50%, 07/14/2028^(a)		218		210,710
Saavi Energia SARL 8.875%, 02/10/2035^(a)		490		535,754
Sorik Marapi Geothermal Power PT 7.75%, 08/05/2031^(a)		392		393,366
Zorlu Enerji Elektrik Uretim AS 11.00%, 04/23/2030^(a)		675		512,797

				5,353,844


Other Utility – 0.0%
Energuate Trust 2 0 6.35%, 09/15/2035^(a)		229		227,687

				5,581,531


Financial Institutions – 0.4%
Banking – 0.3%
Akbank TAS 7.50%, 01/20/2030^(a)		263		270,482
Turkiye Vakiflar Bankasi TAO 9.00%, 10/12/2028^(a)		465		493,644
Uzbek Industrial & Construction Bank ATB 8.95%, 07/24/2029^(a)		202		217,592


	Principal Amount (000)			U.S. $ Value

Yapi ve Kredi Bankasi AS 7.125%, 10/10/2029^(a)		U.S.$	432	$	437,271
7.25%, 03/03/2030^(a)			990		1,001,385

					2,420,374


REITs – 0.1%
Mobiliare Latam SA/Mobiliare Latam Mexico SA de CV 6.75%, 11/10/2032^(a)			496		494,959
Port Of Spain Waterfront Development 7.875%, 02/19/2040^(a)			477		497,064

					992,023

					3,412,397


Total Emerging Markets - Corporate Bonds (cost $55,195,593)					50,585,992


BANK LOANS – 4.9%
Industrial – 3.9%
Basic – 0.1%
Ineos Quattro Holdings UK Ltd. 7.49% (CME Term SOFR 1 Month + 3.75%), 03/14/2030^(p)			21		17,538
INEOS US Petrochem LLC 7.99% (CME Term SOFR 1 Month + 4.25%), 04/02/2029^(p)			632		555,501

					573,039


Communications - Media – 0.6%
DIRECTV Financing LLC 9.175% (CME Term SOFR 3 Month + 5.25%), 08/02/2029^(p)			884		888,272
Inizio Group Ltd. 8.08% (CME Term SOFR 3 Month + 4.25%), 08/19/2028(^p)			1,276		1,217,789
MH Sub I LLC 7.89% (CME Term SOFR 1 Month + 4.25%), 05/03/2028^(p)			1,502		1,457,905
MJH Healthcare Holdings LLC 7.39% (CME Term SOFR 1 Month + 3.75%), 01/28/2029^(d)(g)(m)(p)			1,446		1,377,672
Radiate Holdco LLC 1.50% (PIK Interest 12 + 1.50%), 09/25/2029^(p)			652		586,231
7.26% (CME Term SOFR 1 Month + 3.50%), 09/25/2029^(p)			652		586,231

					6,114,100


Communications - Telecommunications – 0.4%
MH Sub I LLC 02/23/2029^(q)			1,120		1,036,560
StubHub Holdco Sub LLC 03/15/2030^(q)			1,301		1,307,422
Zacapa S.a r.l. 7.48% (CME Term SOFR 3 Month + 3.75%), 03/22/2029^(p)			2,051		2,045,239

					4,389,221


Consumer Cyclical - Automotive – 0.1%
RealTruck Group, Inc. 9.90% (CME Term SOFR 3 Month + 6.00%), 01/31/2031^(p)			1,017		631,198


Consumer Cyclical - Other – 0.1%
CP Atlas Buyer, Inc. 8.89% (CME Term SOFR 1 Month + 5.25%), 07/08/2030^(p)			417		365,206
PHRG Intermediate LLC 7.73% (CME Term SOFR 3 Month + 4.00%), 02/20/2032^(p)			812		805,509

					1,170,715


	Principal Amount (000)			U.S. $ Value

Consumer Cyclical - Retailers – 0.2%
RVR Dealership Holdings LLC 8.17% (CME Term SOFR 3 Month + 4.50%), 02/26/2033^(p)		U.S.$	808	$	779,292
Specialty Building Products Holdings LLC/SBP Finance Corp. 7.49% (CME Term SOFR 1 Month + 3.75%), 10/16/2028^(p)			883		794,960

					1,574,252


Consumer Non-Cyclical – 0.4%
Agiliti Health, Inc. 6.58% (CME Term SOFR 6 Month + 3.00%), 05/01/2030^(p)			1,266		1,219,782
Hertz Corp. (The) 7.425% (CME Term SOFR 3 Month + 7.00%), 06/30/2028^(p)			1,168		822,685
ModivCare Buyer LLC 8.70% (CME Term SOFR 3 Month + 5.00%), 12/29/2030^(p)			503		421,351
MPH Acquisition Holdings LLC 7.41% (CME Term SOFR 3 Month + 3.75%), 12/31/2030^(p)			340		340,133
Weber-Stephen Products LLC 7.44% (CME Term SOFR 3 Month + 3.75%), 10/01/2032^(p)			748		738,108

					3,542,059


Energy – 0.2%
Calcasieu Pass Funding, LLC 6.95% (CME Term SOFR 6 Month + 3.25%), 04/11/2033^(p)			1,780		1,783,222
Colossus Acquireco LLC 5.37% (CME Term SOFR 3 Month + 1.75%), 01/31/2033^(p)			697		691,569

					2,474,791


Other Industrial – 0.1%
Liberty Tire Recycling LLC 7.39% (CME Term SOFR 1 Month + 3.75%), 12/17/2032^(p)			1,117		1,116,921


Services – 0.2%
VM Consolidated, Inc. 10/01/2032^(q)			1,657		1,504,156


Technology – 1.4%
Boxer Parent Co., Inc. 6.42% (CME Term SOFR 3 Month + 2.75%), 07/30/2031^(p)			1,445		1,297,812
Clover Holdings 2 LLC 7.75% (FIXED 4 + 7.75%), 12/09/2031			2,111		1,999,869
Darktrace Finco US LLC 6.93% (CME Term SOFR 3 Month + 3.25%), 10/09/2031^(p)			1,184		1,076,853
Icon Parent Inc. 6.45% (CME Term SOFR 3 Month + 2.75%), 11/13/2031^(p)			1,260		1,176,447
Imprivata, Inc. 12/03/2029^(q)			280		279,653
Loyalty Ventures, Inc. 14.00% (PRIME 3 Month + 5.50%), 11/03/2027^{(d)(g)(h)(j)(p)}			1,518		159,434
Metropolis Technologies, Inc. 8.92% (CME Term SOFR 3 Month + 5.25%), 11/03/2032^(p)			1,729		1,697,243
Peraton Corp. 7.51% (CME Term SOFR 3 Month + 3.75%), 02/01/2028^(p)			1,764		1,587,806
11.52% (CME Term SOFR 3 Month + 7.75%), 02/01/2029^(p)			1,649		1,102,261


	Principal Amount (000)			U.S. $ Value

Ping Identity Holding Corp. 6.375% (CME Term SOFR 1 Month + 2.75%), 11/15/2032^(p)		U.S.$	817	$	794,958
Polaris Newco LLC 7.925% (CME Term SOFR 3 Month + 4.00%), 06/02/2028^(p)			2,105		1,820,853
Project Alpha Intermediate Holdings, Inc. 10.12% (CME Term SOFR 3 Month + 5.00%), 05/09/2033^(p)			1,240		674,771
Rocket Software, Inc. 7.39% (CME Term SOFR 1 Month + 3.75%), 11/28/2028^(p)			322		305,663

					13,973,623


Transportation - Airlines – 0.1%
JetBlue Airways Corp. 8.43% (CME Term SOFR 3 Month + 4.75%), 08/27/2029^(p)			1,023		907,693

					37,971,768


Financial Institutions – 1.0%
Banking – 0.0%
Orbit Private Holdings I Ltd. 7.60% (CME Term SOFR 6 Month + 3.75%), 12/10/2031^(p)			229		228,975


Brokerage – 0.1%
Jane Street Group LLC 5.67% (CME Term SOFR 3 Month + 2.00%), 12/15/2031^(p)			1,502		1,487,280


Finance – 0.1%
Nexus Buyer LLC 9.39% (CME Term SOFR 1 Month + 5.75%), 02/16/2032^(p)			1,450		1,405,137


Financial Services – 0.3%
ACProducts Holdings, Inc. 9.23% (CME Term SOFR 3 Month + 5.50%), 11/14/2031^(p)			127		129,476
Coller Credit Backed Loans & Notes II Ltd. 6.89% (CME Term SOFR 3 Month + 3.20%), 10/30/2036^(d)(g)(p)			1,275		1,277,551
7.66% (CME Term SOFR 3 Month + 4.00%), 10/30/2036^(d)(g)(p)			610		784,290
9.29% (CME Term SOFR 3 Month + 5.60%), 10/30/2036^(d)(g)(p)			450		450,578

					2,641,895


Insurance – 0.5%
Acrisure LLC 6.64% (CME Term SOFR 1 Month + 3.00%), 11/06/2030^(p)			1,492		1,346,913
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 6.14% (CME Term SOFR 1 Month + 2.50%), 09/19/2031^(p)			1,165		1,148,390
Asurion LLC 7.41% (CME Term SOFR 3 Month + 3.75%), 02/23/2033^(p)			800		755,353
8.01% (CME Term SOFR 3 Month + 4.25%), 08/19/2028^(p)			191		190,795
Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.) 6.14% (CME Term SOFR 1 Month + 2.50%), 07/31/2031^(p)			1,243		1,226,799

					4,668,250

					10,431,537


Total Bank Loans (cost $51,317,515)					48,403,305


	Principal Amount (000)			U.S. $ Value

EMERGING MARKETS - SOVEREIGNS – 3.1%
Angola – 0.2%
Angolan Government International Bond 8.00%, 11/26/2029^(a)		U.S.$	636	$	647,671
9.875%, 03/31/2037^(a)			1,680		1,731,450

					2,379,121


Argentina – 0.3%
Argentine Republic Government International Bond 0.75%, 07/09/2030^(c)			2,186		1,934,938
4.125%, 07/09/2035^(c)			1,413		1,131,569

					3,066,507


Costa Rica – 0.3%
Costa Rica Government International Bond 5.50%, 11/21/2030^(a)(c)		EUR	2,500		2,992,400


Dominican Republic – 0.2%
Dominican Republic International Bond 8.625%, 04/20/2027^(a)		U.S.$	1,906		1,953,992


Ecuador – 0.3%
Ecuador Government International Bond 5.00%, 07/31/2040^(a)(c)			1,254		1,051,423
6.90%, 07/31/2035^(a)(c)			1,439		1,319,644
8.75%, 01/29/2034^(a)			569		575,202

					2,946,269


Egypt – 0.3%
Egypt Government International Bond 5.875%, 02/16/2031^(a)			310		302,204
7.625%, 05/29/2032^(a)			484		494,672
8.70%, 03/01/2049^(a)			2,121		2,097,764

					2,894,640


El Salvador – 0.3%
Comision Ejecutiva Hidroelectrica del Rio Lempa 8.65%, 01/24/2033^(a)			954		1,010,763
El Salvador Government International Bond 8.625%, 02/28/2029^(a)			1,181		1,244,809
9.25%, 04/17/2030^(a)			175		188,497

					2,444,069


Kenya – 0.1%
Republic of Kenya Government International Bond 7.875%, 02/26/2034^(a)			1,041		1,035,795


Nigeria – 0.3%
Nigeria Government International Bond 6.125%, 09/28/2028^(a)			1,610		1,609,195
7.14%, 02/23/2030^(a)			721		732,716
8.375%, 03/24/2029^(a)			488		514,157

					2,856,068


Senegal – 0.3%
Senegal Government International Bond Series 7Y 7.75%, 06/10/2031^(a)			4,446		2,382,167


South Africa – 0.1%
Republic of South Africa Government International Bond 7.25%, 12/11/2055^(a)			203		202,391
7.95%, 11/19/2054^(a)			970		1,045,175

					1,247,566


Turkey – 0.3%
Hazine Mustesarligi Varlik Kiralama AS 6.75%, 09/01/2030^(a)			1,425		1,441,476
Turkiye Government International Bond 6.95%, 09/16/2035			580		582,088
7.125%, 07/17/2032			467		478,558

					2,502,122


	Principal Amount (000)			U.S. $ Value

Ukraine – 0.1%
Ukraine Government International Bond 4.50%, 02/01/2029^(a)(c)		U.S.$	1,012	$	849,714
4.50%, 02/01/2035^(a)(c)			223		154,359
4.50%, 02/01/2036^(a)(c)			159		108,433

					1,112,506


Uzbekistan – 0.0%
Republic of Uzbekistan International Bond 5.375%, 02/20/2029^(a)			260		259,904


Total Emerging Markets - Sovereigns (cost $29,932,429)					30,073,126


GOVERNMENTS - TREASURIES – 1.6%
United States – 1.6%
U.S. Treasury Bonds 2.75%, 11/15/2042			2,154		1,637,040
5.00%, 05/15/2037^(r)			1,824		1,914,060
5.25%, 02/15/2029			320		328,600
6.125%, 11/15/2027^(s)			1,000		1,024,141
U.S. Treasury Notes 2.25%, 02/15/2027^(s)			10,811		10,693,725
2.875%, 08/15/2028			606		590,429

Total Governments - Treasuries (cost $16,665,658)					16,187,995


QUASI-SOVEREIGNS – 0.9%
Quasi-Sovereign Bonds – 0.9%
Brazil – 0.1%
Caixa Economica Federal 5.625%, 05/13/2030^(a)			455		455,683


Mexico – 0.4%
Comision Federal de Electricidad 5.70%, 01/24/2030^(a)			439		439,957
6.50%, 01/28/2051^(a)			848		823,951
Petroleos Mexicanos 5.50%, 06/27/2044			2,131		1,699,728
5.625%, 01/23/2046			1,556		1,243,228

					4,206,864


South Africa – 0.2%
Transnet/South Africa 8.25%, 02/06/2028^(a)			1,392		1,445,174


Trinidad and Tobago – 0.0%
Trinidad Generation UnLtd. 7.75%, 06/16/2033^(a)			373		392,765


Turkey – 0.2%
TC Ziraat Bankasi AS 7.25%, 02/04/2030^(a)			812		820,453
8.00%, 01/16/2029^(a)			354		367,313
Turkiye Ihracat Kredi Bankasi AS 6.875%, 07/03/2028^(a)			502		509,059
9.00%, 01/28/2027^(a)			208		212,391

					1,909,216


Total Quasi-Sovereigns (cost $7,932,032)					8,409,702


ASSET-BACKED SECURITIES – 0.7%
Other ABS - Fixed Rate – 0.6%
Short Term Consumer Receivables Issuer Trust Series 2025-1B, Class INV Zero Coupon, 11/20/2035^(d)(g)(m)			1,033		1,064,971
Series 2026-1A, Class INV Zero Coupon, 03/20/2036^(d)(g)(m)			2,224		2,319,570
Series 2026-1B, Class INV Zero Coupon, 06/20/2036^(d)(g)(m)			2,461		2,576,061

					5,960,602


	Principal Amount (000)			U.S. $ Value

Other ABS - Floating Rate – 0.1%
Pagaya AI Debt Grantor Trust Series 2024-S1, Class ABC 7.32%, 09/15/2031^(d)(g)(m)		U.S.$	635	$	635,569


Total Asset-Backed Securities (cost $6,533,048)					6,596,171


COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%
Non-Agency Fixed Rate – 0.3%
Alternative Loan Trust Series 2006-HY12, Class A5 4.09%, 08/25/2036			335		315,632
Series 2006-42, Class 1A6 6.00%, 01/25/2047			426		219,708
Series 2006-24CB, Class A15 5.75%, 08/25/2036^(l)			443		211,370
Series 2006-J1, Class 1A10 5.50%, 02/25/2036			446		291,689
Series 2006-J5, Class 1A1 6.50%, 09/25/2036			447		215,970
Bear Stearns ARM Trust Series 2007-3, Class 1A1 4.015%, 05/25/2047			56		50,497
Series 2007-4, Class 22A1 4.095%, 06/25/2047			252		225,154
ChaseFlex Trust Series 2007-1, Class 1A3 6.50%, 02/25/2037			388		124,314
CHL Mortgage Pass-Through Trust Series 2007-HY4, Class 1A1 4.61%, 09/25/2047			67		61,028
Citigroup Mortgage Loan Trust Series 2007-AR4, Class 1A1A 4.45%, 03/25/2037			36		30,675
CitiMortgage Alternative Loan Trust Series 2007-A3, Class 1A4 5.75%, 03/25/2037			315		278,212
Residential Accredit Loans, Inc. Trust Series 2005-QS14, Class 3A1 6.00%, 09/25/2035			126		111,501
Residential Asset Securitization Trust Series 2006-A8, Class 3A4 6.00%, 08/25/2036			126		47,849
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2006-9, Class A4 4.02%, 10/25/2036			1,152		315,129
Wells Fargo Mortgage Backed Securities Trust Series 2007-AR7, Class A1 5.94%, 12/28/2037			163		147,875

					2,646,603


Non-Agency Floating Rate – 0.2%
Alternative Loan Trust Series 2007-7T2, Class A3 4.36% (CME Term SOFR 1 Month + 0.71%), 04/25/2037^(l)			1,869		575,032
CHL Mortgage Pass-Through Trust Series 2007-13, Class A7 4.36% (CME Term SOFR 1 Month + 0.71%), 08/25/2037^(l)			281		95,705
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A6 1.79% (5.44% – CME Term SOFR 1 Month), 04/25/2037^(l)(t)			70		4,909
Series 2007-FA2, Class 1A10 4.01% (CME Term SOFR 1 Month + 0.36%), 04/25/2037^(l)			208		45,250


	Principal Amount (000)			U.S. $ Value

Lehman XS Trust Series 2007-10H, Class 2AIO 3.265% (6.89% - CME Term SOFR 1 Month), 07/25/2037^(l)(t)		U.S.$	78	$	9,769
Residential Accredit Loans, Inc. Trust Series 2006-QS18, Class 2A2 2.79% (6.44% - CME Term SOFR 1 Month), 12/25/2036^(l)(t)			1,253		139,722
Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 1.49% (CME Term SOFR 1 Month + 0.47%), 01/25/2037^(l)			4,504		1,498,903

					2,369,290


Agency Fixed Rate – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 4767, Class KI 6.00%, 03/15/2048^(u)			5,622		1,007,121
Federal Home Loan Mortgage Corp. Strips Series 247, Class 54 5.50%, 04/15/2036^(u)			2,538		419,975

					1,427,096


Total Collateralized Mortgage Obligations (cost $11,875,046)					6,442,989


GOVERNMENTS - SOVEREIGN BONDS – 0.6%
Colombia – 0.2%
Colombia Government International Bond 3.125%, 04/15/2031			502		444,647
6.50%, 01/21/2033			401		406,951
7.375%, 04/25/2030			756		797,013
7.50%, 02/02/2034			515		549,891

					2,198,502


Mexico – 0.0%
Mexico Government International Bond 5.375%, 03/22/2033			555		543,967

Romania – 0.2%
Romanian Government International Bond 5.75%, 03/24/2035^(a)			1,492		1,445,837
5.75%, 07/04/2036^(a)			224		214,536
6.375%, 01/30/2034^(a)			336		340,704

					2,001,077


Trinidad and Tobago – 0.2%
Trinidad & Tobago Government International Bond 6.40%, 06/26/2034^(a)			1,055		1,080,847
6.50%, 01/28/2036^(a)			495		508,761

					1,589,608


Total Governments - Sovereign Bonds (cost $6,288,220)					6,333,154


	Shares

COMMON STOCKS – 0.5%
Financial Institutions – 0.2%
Financial Services – 0.2%
Curo Group Holdings LLC^(h)			161,756		1,819,755


Communication Services – 0.2%
Diversified Telecommunication Services – 0.2%
Altice France SA/LuxCo3^(d)(g)(h)			87,261		1,739,842


Information Technology – 0.1%
IT Services – 0.1%
Rackspace Technology, Inc.^(h)			83,043		542,271


Company	Shares			U.S. $ Value

Industrials – 0.0%
Electrical Equipment – 0.0%
Exide Technologies^(d)(g)(h)			643	$	522,759


Transportation Infrastructure – 0.0%
Spirit Aviation Holdings, Inc.^(h)			49,562		991

					523,750


Health Care – 0.0%
Health Care Providers & Services – 0.0%
ModivCare Topco LLC^(h)			79,498		407,427


Consumer Discretionary – 0.0%
Broadline Retail – 0.0%
K201640219 South Africa Ltd. – Class A^(d)(g)(h)			12,695,187		13
K201640219 South Africa Ltd. – Class B^(d)(g)(h)			2,009,762		2

					15


Diversified Consumer Services – 0.0%
AG Tracker^(d)(g)(h)			57,354		0
Paysafe Ltd.^(h)			10,709		79,996

					79,996


Leisure Products – 0.0%
New Cotai LLC/New Cotai Capital Corp.^(d)(g)(h)			3		0

					80,011


Energy – 0.0%
Energy Equipment & Services – 0.0%
BIS Industries Holdings Ltd.^(d)(g)(h)			838,296		1
CHC Group LLC^(g)(h)			21,009		2

					3


Oil, Gas & Consumable Fuels – 0.0%
New Fortress Energy, Inc.^(g)(h)			49,250		17,883

					17,886


Consumer Staples – 0.0%
Household Products – 0.0%
Southeastern Grocers, Inc.^(d)(g)(h)(k)			105,865		0

Total Common Stocks (cost $14,603,972)					5,130,942


	Principal Amount (000)

LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.4%
United States – 0.4%
State of California Series 2010 7.60%, 11/01/2040		U.S.$	750		897,996
State of Illinois Series 2010 7.35%, 07/01/2035			1,368		1,462,034
Wisconsin Public Finance Authority Series 2021 5.75%, 07/25/2041^(e)			1,435		1,323,019


Total Local Governments – US Municipal Bonds (cost $3,560,241)					3,683,049


INFLATION-LINKED SECURITIES – 0.3%
Colombia – 0.3%
Fideicomiso PA Pacifico Tres 7.00%, 01/15/2035^(e) (cost $3,361,167)			11,830,603		3,158,201


	Principal Amount (000)			U.S. $ Value

EMERGING MARKETS – TREASURIES – 0.3%
Brazil – 0.3%
Brazil Notas do Tesouro Nacional Series F 10.00%, 01/01/2029 (cost $2,913,417)		U.S.$	16,454	$	2,938,587


	Shares

PREFERRED STOCKS – 0.3%
Industrials – 0.3%
Consumer Cyclical – Retailers – 0.3%
QXO, Inc. - Class C^(d)(g)(h)			202		2,254,926

Other Industrial – 0.0%
Asphalt ATD Holdco - Class A^(d)(g)(h)			4,984		123,653


Technology – 0.0%
Veritas US, Inc.^(d)(e)(g)(h)			7,516		148,785


Total Preferred Stocks (cost $2,298,130)					2,527,364


	Principal Amount (000)

COLLATERALIZED LOAN OBLIGATIONS – 0.2%
CLO – Floating Rate – 0.2%
Balboa Bay Loan Funding Ltd. Series 2021-2A, Class E 10.54% (CME Term SOFR 3 Month + 6.86%), 01/20/2035^(a)(l)			1,000		965,196
Rad CLO 10 Ltd. Series 2021-10A, Class E 9.78% (CME Term SOFR 3 Month + 6.11%), 04/23/2034^(a)(l)			750		708,315
Rad CLO 11 Ltd. Series 2021-11A, Class E 10.185% (CME Term SOFR 3 Month + 6.51%), 04/15/2034^(a)(l)			355		340,698


Total Collateralized Loan Obligations (cost $2,096,255)					2,014,209


COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.1%
Non-Agency Fixed Rate CMBS – 0.1%
Commercial Mortgage Trust Series 2012-CR3, Class F 4.29%, 10/15/2045^(a)			44		2,191
Series 2013-LC6, Class D 3.86%, 01/10/2046^(a)			112		108,278
WFRBS Commercial Mortgage Trust Series 2011-C4, Class D 5.15%, 06/15/2044^(a)			601		591,207
Series 2014-C25, Class D 3.80%, 11/15/2047^(a)			742		726,775


Total Commercial Mortgage-Backed Securities (cost $1,413,931)					1,428,451


	Shares

RIGHTS – 0.0%
Altice France Lux 3/Altice Holdings 1 (CVR), expiring 10/01/2099^(d)(e)(g)(h)			324		5,183
Altice France SA (CVR), expiring 12/31/2049^(d)(e)(g)(h)			2,566		41,047

Vistra Corp., expiring 12/31/2049^(d)(g)(h)			10,721		13,133

Total Rights (cost $0)					59,363


Company	Shares				U.S. $ Value

SHORT – TERM INVESTMENTS – 0.8%
Investment Companies – 0.4%
AB Fixed Income Shares, Inc. – Government Money Market Portfolio – Class AB, 3.48%^(v)(w)(x) (cost $4,321,521)			4,321,521		$	4,321,521


	Principal Amount (000)

Time Deposits – 0.4%
BBH, New York 0.87%, 07/01/2026		NZD	0	**		2
Citibank, London 1.13%, 07/01/2026		EUR	535			611,791
2.67%, 07/01/2026		GBP	0	**		72
Citibank, New York 2.97%, 07/01/2026		U.S.$	2,637			2,637,434
Nordea, Oslo 2.96%, 07/01/2026		NOK	1,788			180,641
Royal Bank of Canada, Toronto 1.02%, 07/02/2026		CAD	0	**		2
SEB, Stockholm 0.58%, 07/01/2026		SEK	0	**		11
Standard Chartered Bank, Johannesburg 4.43%, 07/01/2026		ZAR	1,953			119,243


Total Time Deposits (cost $3,549,196)						3,549,196


Total Short-Term Investments (cost $7,870,717)						7,870,717


Total Investments – 100.6% (cost $1,016,014,624)^(y)						985,105,166
Other assets less liabilities – (0.6)%						(5,808,020	)


Net Assets – 100.0%					$	979,297,146

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
U.S. 10 Yr Ultra Futures		92		September 2026		$	10,347,125		$	125,867
U.S. T-Note 5 Yr (CBT) Futures		372		September 2026			39,821,438			173,078
U.S. Ultra Bond (CBT) Futures		4		September 2026			464,625			7,235
Sold Contracts
U.S. Long Bond (CBT) Futures		60		September 2026			6,810,000			(108,750	)
U.S. T-Note 10 Yr (CBT) Futures		220		September 2026			24,175,938			(187,367	)

									$	10,063

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America NA		BRL	8,781		USD	1,721		07/02/2026		$	20,086
Bank of America NA		BRL	252		USD	49		07/02/2026			(135)
Bank of America NA		USD	1,696		BRL	8,781		07/02/2026			4,699
Bank of America NA		USD	49		BRL	252		07/02/2026			(577	)
Bank of America NA		KRW	33,835		USD	23		07/16/2026			1,095
Bank of America NA		USD	33		KRW	49,478		07/16/2026			(875	)
BNP Paribas SA		PEN	110		USD	32		07/15/2026			(127)
BNP Paribas SA		USD	31		COP	115,200		07/15/2026			3,049
BNP Paribas SA		BRL	2,818		USD	539		08/04/2026			(2,182	)
BNP Paribas SA		USD	44		INR	4,210		08/06/2026			305
Brown Brothers Harriman & Co.		AUD	111		USD	79		07/09/2026			2,847
Brown Brothers Harriman & Co.		CAD	141		USD	102		07/09/2026			3,303
Brown Brothers Harriman & Co.		NZD	80		USD	47		07/09/2026			1,357


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Brown Brothers Harriman & Co.		USD	134		CAD	184		07/09/2026		$	(4,232)
Brown Brothers Harriman & Co.		USD	44		NZD	78		07/09/2026			22
Brown Brothers Harriman & Co.		USD	1		NZD	2		07/09/2026			(43	)
Brown Brothers Harriman & Co.		GBP	73		USD	98		07/16/2026			1,690
Brown Brothers Harriman & Co.		USD	29		GBP	22		07/16/2026			242
Brown Brothers Harriman & Co.		USD	141		GBP	105		07/16/2026			(1,831	)
Brown Brothers Harriman & Co.		USD	34		ZAR	567		07/16/2026			377
Brown Brothers Harriman & Co.		ZAR	1,074		USD	65		07/16/2026			(759	)
Brown Brothers Harriman & Co.		CZK	1,200		USD	58		07/23/2026			1,011
Brown Brothers Harriman & Co.		HUF	23,559		USD	76		07/23/2026			327
Brown Brothers Harriman & Co.		PLN	236		USD	65		07/23/2026			2,012
Brown Brothers Harriman & Co.		USD	37		PLN	138		07/23/2026			19
Brown Brothers Harriman & Co.		MXN	529		USD	30		08/06/2026			61
Brown Brothers Harriman & Co.		CNH	217		USD	32		08/07/2026			189
Brown Brothers Harriman & Co.		CNH	227		USD	33		08/07/2026			(121	)
Brown Brothers Harriman & Co.		USD	25		CNH	170		08/07/2026			(8	)
Brown Brothers Harriman & Co.		SEK	500		USD	52		09/10/2026			(79	)
Brown Brothers Harriman & Co.		USD	80		NOK	782		09/10/2026			(945	)
Brown Brothers Harriman & Co.		USD	34		SEK	332		09/10/2026			108
Brown Brothers Harriman & Co.		CHF	32		USD	41		09/11/2026			789
Brown Brothers Harriman & Co.		EUR	2,357		USD	2,743		09/11/2026			41,767
Brown Brothers Harriman & Co.		USD	70		CHF	55		09/11/2026			(711	)
Brown Brothers Harriman & Co.		USD	17		EUR	14		09/11/2026			(266	)
Brown Brothers Harriman & Co.		SGD	32		USD	25		09/18/2026			(77	)
Citibank NA		BRL	5,284		USD	1,020		07/02/2026			(3,175	)
Citibank NA		USD	1,016		BRL	5,284		07/02/2026			7,073
Citibank NA		COP	13,003,248		USD	3,406		07/15/2026			(386,358	)
Citibank NA		PEN	115		USD	34		07/15/2026			356
Citibank NA		USD	18		COP	68,776		07/15/2026			2,055
Citibank NA		USD	44		PEN	150		07/15/2026			432
Citibank NA		GBP	2,915		USD	3,940		07/16/2026			73,060
Citibank NA		USD	1,751		GBP	1,296		07/16/2026			(32,473	)
Citibank NA		USD	36		TWD	1,146		07/21/2026			(362	)
Citibank NA		BRL	4,884		USD	932		08/04/2026			(6,366	)
Citibank NA		USD	76		BRL	400		08/04/2026			521
Deutsche Bank AG		BRL	147		USD	28		07/02/2026			(79	)
Deutsche Bank AG		USD	29		BRL	147		07/02/2026			(336	)
Goldman Sachs Bank USA		USD	31		IDR	565,842		07/16/2026			127
Goldman Sachs Bank USA		USD	30		KRW	43,683		07/16/2026			(1,355	)
HSBC Bank USA		USD	1,796		CAD	2,458		07/09/2026			(63,074	)
JPMorgan Chase Bank NA		BRL	3,896		USD	753		07/02/2026			(2,085	)
JPMorgan Chase Bank NA		USD	749		BRL	3,896		07/02/2026			5,645
JPMorgan Chase Bank NA		USD	32		KRW	47,080		07/16/2026			(1,612	)
JPMorgan Chase Bank NA		BRL	848		USD	163		08/04/2026			(292	)
Morgan Stanley Capital Services LLC		CLP	30,578		USD	34		07/15/2026			1,270
Morgan Stanley Capital Services LLC		USD	42		IDR	723,749		07/16/2026			(1,801	)
Morgan Stanley Capital Services LLC		USD	3		TWD	101		07/21/2026			(16	)
Morgan Stanley Capital Services LLC		EUR	60,049		USD	69,918		09/11/2026			1,097,856

										$	761,398

CENTRALLY CLEARED CREDIT DEFAULT SWAPS


Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at June 30, 2026			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Sale Contracts
CDX-NAHY Series 46, 5 Year Index, 6/20/2031*		5.00	%		Quarterly		3.03	%		USD	66,469	$	5,460,619		$	2,942,855		$	2,517,764
Hertz Corp. (The), 5.000%, 12/01/2029, 06/20/2029*		5.00			Quarterly		45.46			USD	140		(89,137	)		(12,845	)		(76,292	)
iTraxx XOVER Series 45, 5 Year Index, 6/20/2031*		5.00			Quarterly		2.45			EUR	46,230		5,843,059			3,377,168			2,465,891

												$	11,214,541		$	6,307,178		$	4,907,363

*	Termination date

CENTRALLY CLEARED INTEREST RATE SWAPS


			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund		Payments received by the Fund		Payment Frequency Paid/ Received		Market Value			Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)
BRL	120,143	01/02/2029		1 Day CDI		12.716%		Maturity	$	(626,922	)	$	-0-	$	(626,922	)
BRL	49,181	01/02/2029		1 Day CDI		13.651%		Maturity		(64,670	)		-0-		(64,670	)
BRL	39,172	01/02/2029		1 Day CDI		13.993%		Maturity		(9,041	)		-0-		(9,041	)
BRL	38,107	01/02/2029		1 Day CDI		12.618%		Maturity		(212,811	)		-0-		(212,811	)
BRL	16,525	01/02/2029		1 Day CDI		12.682%		Maturity		(88,224	)		-0-		(88,224	)
BRL	16,006	01/02/2029		1 Day CDI		13.220%		Maturity		(49,236	)		-0-		(49,236	)
BRL	14,722	01/02/2029		1 Day CDI		13.020%		Maturity		(56,507	)		-0-		(56,507	)
BRL	14,021	01/02/2029		1 Day CDI		12.555%		Maturity		(78,436	)		-0-		(78,436	)
BRL	14,021	01/02/2029		1 Day CDI		12.490%		Maturity		(82,048	)		-0-		(82,048	)

									$	(1,267,895	)	$	-0-	$	(1,267,895)

REVERSE REPURCHASE AGREEMENTS


Broker	Currency		Principal Amount (000)		Interest Rate			Maturity		U.S. $ Value at June 30, 2026
Barclays Capital, Inc.†		USD		832		2.00	%		—	$	833,884
Barclays Capital, Inc.†		USD		530		2.25			—		533,899
Barclays Capital, Inc.†		USD		391		2.25			—		391,959
Barclays Capital, Inc.†		USD		1,226		2.25			—		1,228,401
Barclays Capital, Inc.†		USD		169		2.50			—		169,687
Barclays Capital, Inc.†		USD		1,001		2.50			—		1,004,603
Barclays Capital, Inc.†		USD		1,880		2.75			—		1,889,335
Barclays Capital, Inc.†		USD		288		3.00			—		290,093
Barclays Capital, Inc.†		USD		653		3.25			—		657,839
Barclays Capital, Inc.†		USD		1,813		3.25			—		1,815,475

										$	8,815,175

†	The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on June 30, 2026.

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements on statements of assets and liabilities is as follows:


	Overnight and Continuous		Up to 30 Days		31-90 Days		Greater than 90 Days		Total

Corporates - Non-Investment Grade	$	7,991,183	$	-0-	$	-0-	$	-0-	$	7,991,183
Corporates - Investment Grade		823,992		-0-		-0-		-0-		823,992

Total	$	8,815,175	$	-0-	$	-0-	$	-0-	$	8,815,175

**	Principal amount less than 500.

(a)

Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At June 30, 2026, the aggregate market value of these securities amounted to $747,496,195 or 76.33% of net assets.

(b)

Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at June 30, 2026.

(c)

Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at June 30, 2026.

(d)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(e)

Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 1.26% of net assets as of June 30, 2026, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities

Acquisition Date

Cost

Market
Value

Percentage
of
Net Assets

Altice France Lux 3/Altice Holdings 1 (CVR)
Zero Coupon, 10/01/2099

10/01/2025

-0-

5,183

0.00%

Altice France Lux 3/Altice Holdings 1
10.00%, 01/15/2033

10/01/2025

633,745

678,742

0.07%

Altice France SA (CVR)
Zero Coupon, 12/31/2049

10/01/2025

-0-

41,047

0.00%

Braskem Idesa SAPI
6.99%, 02/20/2032

07/11/2023 - 12/13/2023

261,705

277,589

0.03%

Braskem Idesa SAPI
7.45%, 11/15/2029

02/18/2021 - 12/13/2023

1,276,128

879,039

0.09%

Braskem Netherlands Finance BV
4.50%, 01/10/2028

12/04/2023 - 12/05/2025

3,001,930

2,320,900

0.24%

Digicel Group Holdings Ltd.
Zero Coupon, 12/31/2030

11/14/2023

19,100

964

0.00%

Exide Technologies (Exchange Priority)
11.00%, 10/31/2024

10/29/2020

-0-

0.00%

Exide Technologies (First Lien)
11.00%, 10/31/2024

10/29/2020

-0-

0.00%

Fideicomiso PA Pacifico Tres
7.00%, 01/15/2035

03/04/2016

3,361,167

3,158,201

0.32%

K2016470219 South Africa Ltd.
3.00%, 12/31/2022

01/31/2017 - 06/30/2022

1,100,178

-0-

0.00%

K2016470260 South Africa Ltd.
25.00%, 12/31/2022

01/31/2017 - 06/30/2022

770,975

-0-

0.00%

Magnetation LLC/Mag Finance Corp.
11.00%, 05/15/2023

05/15/2013 - 02/19/2015

2,295,760

-0-

0.00%

NFE Financing LLC
12.00%, 11/15/2029

12/05/2024 - 04/08/2025

3,810,789

1,415,562

0.14%

Raizen Fuels Finance SA
5.70%, 01/17/2035

05/14/2025 - 05/20/2025

845,480

515,077

0.05%

Raizen Fuels Finance SA
6.25%, 07/08/2032

06/26/2025

1,248,568

802,148

0.08%

Raizen Fuels Finance SA
6.45%, 03/05/2034

02/28/2024

462,944

257,889

0.03%

Raizen Fuels Finance SA
6.70%, 02/25/2037

02/20/2025 - 02/21/2025

1,007,317

555,500

0.06%

Veritas US, Inc.

12/09/2024

154,379

148,785

0.02%

Vibrantz Technologies, Inc.
9.00%, 02/28/2031

03/09/2026

7,295

5,659

0.00%

Wisconsin Public Finance Authority
Series 2021
5.75%, 07/25/2041

08/03/2021

1,435,000

1,323,019

0.13%

(f)

Defaulted matured security.

(g)

Fair valued by the Adviser.

(h)

Non-income producing security.

(i)

Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.

(j)

Defaulted.

(k)

Escrow Shares.

(l)

Floating Rate Security. Stated interest/floor/ceiling rate was in effect at June 30, 2026.

(m)

Restricted and illiquid security.

Restricted & Illiquid Securities

Acquisition
Date

Cost

Market
Value

Percentage
of
Net Assets

CNG Holdings, Inc.
16.50% (16.50% Cash or
14.50% Cash and 3.00% PIK),
06/30/2031

05/21/2019 - 06/15/2026

825,877

664,820

0.07%

MJH Healthcare Holdings LLC
7.39%, 01/28/2029

10/09/2025

1,395,752

1,377,672

0.14%

NFE Brazil Financing Ltd.
12.00%, 05/15/2029

06/17/2026

1,768,816

1,846,793

0.19%

Pagaya AI Debt Grantor Trust
Series 2024-S1, Class ABC
7.32%, 09/15/2031

04/24/2024

635,172

635,569

0.06%

Short Term Consumer Receivables
Issuer Trust Series 2025-1B,
Class INV
Zero Coupon, 11/20/2035

12/02/2025 - 01/20/2026

1,059,244

1,064,971

0.11%

Short Term Consumer Receivables
Issuer Trust Series 2026-1A,
Class INV
Zero Coupon, 03/20/2036

02/25/2026 - 04/23/2026

2,320,841

2,319,570

0.24%

Short Term Consumer Receivables
Issuer Trust Series 2026-1B,
Class INV
Zero Coupon, 06/20/2036

05/26/2026 - 06/20/2026

2,517,791

2,576,061

0.26%

(n)

Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(o)

Convertible security.

(p)

The stated coupon rate represents the greater of the SOFR or an alternate base rate such as the PRIME or the SOFR/PRIME floor rate plus a spread at June 30, 2026.

(q)

This position or a portion of this position represents an unsettled loan purchase. The coupon rate will be determined at the time of settlement and will be based upon the SOFR plus a premium which was determined at the time of purchase.

(r)

Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.

(s)

Position, or a portion thereof, has been segregated to collateralize margin requirements for open centrally cleared swaps.

(t)

Inverse interest only security.

(u)

IO - Interest Only.

(v)

The rate shown represents the 7-day yield as of period end.

(w)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(x)

Affiliated investments.

(y)

As of June 30, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $27,950,946 and gross unrealized depreciation of investments was $(54,449,475), resulting in net unrealized depreciation of $(26,498,529).

Currency Abbreviations:

AUD - Australian Dollar

BRL - Brazilian Real

CAD - Canadian Dollar

CHF - Swiss Franc

CLP - Chilean Peso

CNH - Chinese Yuan Renminbi (Offshore)

COP - Colombian Peso

CZK - Czech Koruna

EUR - Euro

GBP - Great British Pound

HUF - Hungarian Forint

IDR - Indonesian Rupiah

INR - Indian Rupee

KRW - South Korean Won

MXN - Mexican Peso

NOK - Norwegian Krone

NZD - New Zealand Dollar

PEN - Peruvian Sol

PLN - Polish Zloty

SEK - Swedish Krona

SGD - Singapore Dollar

TWD - New Taiwan Dollar

USD - United States Dollar

ZAR - South African Rand

Glossary:

ABS - Asset-Backed Securities

CBT - Chicago Board of Trade

CDI - Brazil CETIP Interbank Deposit Rate

CDX-NAHY - North American High Yield Credit Default Swap Index

CLO - Collateralized Loan Obligations

CMBS - Commercial Mortgage-Backed Securities

CME - Chicago Mercantile Exchange

CVR - Contingent Value Right

EURIBOR - Euro Interbank Offered Rate

REIT - Real Estate Investment Trust

REMICS - Real Estate Mortgage Investment Conduits

SOFR - Secured Overnight Financing Rate

COUNTRY BREAKDOWN¹

June 30, 2026 (unaudited)


68.6	%	United States
3.7	%	United Kingdom
3.5	%	Canada
2.7	%	France
1.4	%	Italy
1.3	%	Mexico
1.2	%	Brazil
1.2	%	Colombia
1.1	%	India
1.0	%	Spain
0.9	%	Germany
0.8	%	Turkey
0.8	%	Luxembourg
11.0	%	Other
0.8	%	Short-Term Investments

100.0	%	Total Investments

The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.6% or less in the following: Angola, Argentina, Australia, Austria, Belgium, Cayman Islands, Chile, China, Costa Rica, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Finland, Greece, Guatemala, Hong Kong, Indonesia, Ireland, Israel, Jamaica, Japan, Jersey (Channel Islands), Kazakhstan, Kenya, Kuwait, Macau, Malaysia, Morocco, Netherlands, Nigeria, Norway, Panama, Peru, Puerto Rico, Romania, Senegal, Serbia, Slovenia, South Africa, Switzerland, Trinidad and Tobago, Ukraine, Uzbekistan and Zambia.

AllianceBernstein Global High Income Fund, Inc.

June 30, 2026 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

•

Level 1 - quoted prices in active markets for identical investments

•

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which are then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

Valuations of mortgage-backed or other asset-backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset-backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as a significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of June 30, 2026:


Investments in Securities	Level 1			Level 2			Level 3			Total
Assets:
Corporates - Non-Investment Grade	$	-0-		$	627,727,508		$	5,158,890	^#	$	632,886,398
Corporates - Investment Grade		-0-			150,375,451			-0-			150,375,451
Emerging Markets - Corporate Bonds		-0-			50,585,028			964	^#		50,585,992
Bank Loans		-0-			44,353,780			4,049,525			48,403,305
Emerging Markets - Sovereigns		-0-			30,073,126			-0-			30,073,126
Governments - Treasuries		-0-			16,187,995			-0-			16,187,995
Quasi-Sovereigns		-0-			8,409,702			-0-			8,409,702
Asset-Backed Securities		-0-			-0-			6,596,171			6,596,171
Collateralized Mortgage Obligations		-0-			6,442,989			-0-			6,442,989
Governments - Sovereign Bonds		-0-			6,333,154			-0-			6,333,154
Common Stocks		641,141			2,227,184			2,262,617	^#		5,130,942
Local Governments - US Municipal Bonds		-0-			3,683,049			-0-			3,683,049
Inflation-Linked Securities		-0-			3,158,201			-0-			3,158,201
Emerging Markets - Treasuries		-0-			2,938,587			-0-			2,938,587
Preferred Stocks		-0-			-0-			2,527,364			2,527,364
Collateralized Loan Obligations		-0-			2,014,209			-0-			2,014,209
Commercial Mortgage-Backed Securities		-0-			1,428,451			-0-			1,428,451
Rights		-0-			-0-			59,363			59,363
Short-Term Investments:
Investment Companies		4,321,521			-0-			-0-			4,321,521
Time Deposits		3,549,196			-0-			-0-			3,549,196

Total Investments in Securities		8,511,858			955,938,414			20,654,894			985,105,166
*Other Financial Instruments:**
Assets
Futures		306,180			-0-			-0-			306,180
Forward Currency Exchange Contracts		-0-			1,273,750			-0-			1,273,750
Centrally Cleared Credit Default Swaps		-0-			11,303,678			-0-			11,303,678
Liabilities
Futures		(296,117	)		-0-			-0-			(296,117	)
Forward Currency Exchange Contracts		-0-			(512,352	)		-0-			(512,352	)
Centrally Cleared Credit Default Swaps		-0-			(89,137	)		-0-			(89,137	)
Centrally Cleared Interest Rate Swaps		-0-			(1,267,895	)		-0-			(1,267,895	)

Total	$	8,521,921		$	966,646,458		$	20,654,894		$	995,823,273

#	The Fund held securities with zero market value at period end.

Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.


	Corporates - Non- Investment Grade#			Emerging Markets - Corporate Bonds#			Bank Loans			Asset-Backed Securities
Balance as of 03/31/26	$	3,585,655		$	964		$	12,171,734		$	5,211,530
Accrued discounts/(premiums)		27,163			1,583			-0-			(8,725	)
Realized gain (loss)		(58,435	)		-0-			1,148			(119,679	)
Change in unrealized appreciation (depreciation)		61,489			(1,583	)		235,003			2,571
Purchases/Payups		1,859,627			-0-			388,204			3,802,254
Sales/Paydowns		(310,175	)		-0-			(1,657,076	)		(2,291,780	)
Transfers into Level 3*		-0-			-0-			1,354,547			-0-
Transfers out of Level 3^		(6,434	)		-0-			(8,444,035	)		-0-

Balance as of 06/30/26	$	5,158,890		$	964		$	4,049,525		$	6,596,171

Net change in unrealized appreciation (depreciation) from investments held as of 06/30/26	$	31,231		$	(1,583	)	$	238,083		$	2,571

	Common Stocks#			Preferred Stocks			Rights			Total
Balance as of 03/31/26	$	3,317,830		$	266,457		$	54,620		$	24,608,790
Accrued discounts/(premiums)		-0-			-0-			-0-			20,021
Realized gain (loss)		-0-			-0-			-0-			(176,966	)
Change in unrealized appreciation (depreciation)		544,405			240,818			4,743			1,087,446
Purchases/Payups		17,942			2,020,089			-0-			8,088,116
Sales/Paydowns		-0-			-0-			-0-			(4,259,031	)
Transfers into Level 3*		-0-			-0-			-0-			1,354,547
Transfers out of Level 3^		(1,617,560	)		-0-			-0-			(10,068,029	)

Balance as of 06/30/26	$	2,262,617		$	2,527,364		$	59,363		$	20,654,894

Net change in unrealized appreciation (depreciation) from investments held as of 06/30/26	$	544,405		$	240,818		$	4,743		$	1,060,268

#	The Fund held securities with zero market value that were sold/expired/written off during the reporting period.

*	Amounts were transferred into Level 3 as the observability of price inputs has decreased during the reporting period.

^	Amounts were transferred out of Level 3 as the observability of price inputs has increased during the reporting period.

The following presents information about significant unobservable inputs related to the Fund’s Level 3 investments at June 30, 2026. Securities priced (i) by third party vendors, (ii) by brokers or (iii) using prior transaction prices, which approximates fair value, are excluded from the following table.


	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value at 06/30/26		Valuation Technique	Unobservable Input	Input
Corporates - Non-Investment Grade	$	-0-	Qualitative Assessment		$	0.00

Emerging Markets - Corporate Bonds	$	-0-	Qualitative Assessment		$	0.00
	$	-0-	Qualitative Assessment		$	0.00
	$	-0-	Qualitative Assessment		$	0.00

	$	-0-

Bank Loans	$	1,277,551	Discounted Cash Flow	Discount Rate		7.01% to 7.53	%
	$	784,290	Discounted Cash Flow	Discount Rate		18.54% to 19.54	%
	$	450,578	Discounted Cash Flow	Discount Rate		9.59% to 10.12	%

	$	2,512,419

Common Stocks	$	522,759	Guideline Public Company,	Asset Value	$	813.00
			Discounted Cash Flow, and
			Optional Value
	$	1	Qualitative Assessment		$	0.00
	$	-0-	Qualitative Assessment		$	0.00

	$	522,760

Preferred Stocks	$	2,254,926	Intrinsic Calculation	Asset Value	$	11,163.00
	$	123,653	Intrinsic Calculation	Asset Value	$	24.81

	$	2,378,579

Generally, a change in the assumptions used in any input in isolation may be accompanied by a change in another input. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. Significant increases (decreases) in Asset Value in isolation would be expected to result in a significantly higher (lower) fair value measurement. Significant increases (decreases) in Discount Rate in isolation would be expected to result in a significantly lower (higher) fair value measurement.

A summary of the Fund’s transactions in AB mutual funds for the three months ended June 30, 2026 is as follows:

Fund

Market Value
3/31/26

(000)

Purchases
at Cost
(000)

Sales
Proceeds
(000)

Market Value
6/30/26

(000)

Dividend
Income
(000)

AB Government Money Market Portfolio

11,790

68,371

75,839

4,322

171