BlackRock Corporate High Yield Fund


Security		Shares		Value

Common Stocks — 1.2%

Aerospace & Defense — 0.0%
Bombardier, Inc., Class B^(a)			740,267	$	239,339


Chemicals — 0.4%
Element Solutions, Inc.^(a)			572,739		4,788,098


Consumer Finance — 0.0%
Ally Financial, Inc.			1		14


Diversified Financial Services — 0.0%
Arrow Global Group PLC			13,716		17,964
Kcad Holdings I Ltd.^(a)(b)			2,223,465,984		22,235

					40,199

Diversified Telecommunication Services — 0.0%
Telecom Italia SpA			145,490		56,843


Energy Equipment & Services — 0.1%
McDermott International, Inc.^(a)			45,119		2,617
Osum Oil Sands Corp.^(a)(b)(c)			400,000		363,817

					366,434

Equity Real Estate Investment Trusts (REITs) — 0.4%
Gaming and Leisure Properties, Inc.			68,983		1,911,519
VICI Properties, Inc.			176,241		2,932,650

					4,844,169

Life Sciences Tools & Services — 0.0%
PPD, Inc.^(a)			7,497		133,522


Media — 0.0%
Clear Channel Outdoor Holdings, Inc.^(a)			527,174		337,391
Emmis Communications Corp., Class A^(a)			7,210		14,420
Mediaco Holding, Inc., Class A^(a)			912		3,612

					355,423

Metals & Mining — 0.1%
Constellium SE^(a)			285,624		1,488,101


Pharmaceuticals — 0.2%
Bausch Health Cos., Inc.^(a)			98,545		1,527,447


Semiconductors & Semiconductor Equipment — 0.0%
SunPower Corp.^(a)			1,025		5,197


Total Common Stocks — 1.2% (Cost — $52,059,961)					13,844,786


		Par (000)

Asset-Backed Securities — 0.4%
AIMCO CLO, Series 2017-AA, Class C, (3 mo. LIBOR US + 2.45%), 4.27%, 07/20/29^(d)(e)	USD		250		205,131


Security		Par (000)		Value

Asset-Backed Securities (continued)
Allegro CLO II-S Ltd., Series 2014-1RA, Class B, (3 mo. LIBOR US + 2.15%), 3.97%, 10/21/28^(d)(e)	USD		250	$	205,691
ALM VII R Ltd.^(d)(e):
Series 2013-7R2A, Class BR2, (3 mo. LIBOR US + 2.20%), 3.42%, 10/15/27			250		205,363
Series 2013-7RA, Class BR, (3 mo. LIBOR US + 2.70%), 3.92%, 10/15/28			500		430,348
AMMC CLO Ltd., Series 2018-22A, Class D, (3 mo. LIBOR US + 2.70%), 4.49%, 04/25/31^(d)(e)			250		174,013
Anchorage Capital CLO Ltd., Series 2X, Class E, (3 mo. Euribor + 5.66%), 5.66%, 05/15/31^(e)	EUR		203		146,362
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 3.49%, 05/15/30^(d)(e)	USD		500		400,952
Cairn CLO IV BV, Series 2014-4X, Class ERR, (3 mo. Euribor + 5.88%), 5.88%, 04/30/31^(e)	EUR		1,000		764,123
Cairn CLO VII BV, Series 2016-7X, Class E, (3 mo. Euribor + 6.35%), 6.35%, 01/31/30^(e)			900		697,225
Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class BR, (3 mo. LIBOR US + 1.85%), 3.67%, 04/20/27^(d)(e)	USD		250		205,532
CIFC Funding Ltd., Series 2014-4RA, Class B, (3 mo. LIBOR US + 2.20%), 4.04%, 10/17/30^(d)(e)			250		204,703
Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 3.17%, 07/15/31^(d)(e)			250		198,151
Greene King Finance PLC:
Series B1, 5.70%, 12/15/34	GBP		100		114,018
Series B2, (3 mo. LIBOR GBP + 2.08%), 2.57%, 03/15/36^(e)			100		109,481
Madison Park Funding XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US + 3.45%), 5.24%, 01/27/26^(d)(e)	USD		500		400,017
OHA Credit Partners XI Ltd., Series 2015-11A, Class DR, (3 mo. LIBOR US + 2.95%), 4.77%, 01/20/32^(d)(e)			266		182,558
OZLM XIX Ltd., Series 2017-19A, Class C, (3 mo. LIBOR US + 3.10%), 4.32%, 11/22/30^(d)(e)			500		359,241


Total Asset-Backed Securities — 0.4% (Cost — $6,561,923)					5,002,909


Security		Par (000)		Value

Corporate Bonds — 123.1%

Aerospace & Defense — 6.4%
3M Co.:
3.05%, 04/15/30	USD		445	$	463,616
3.70%, 04/15/50			810		915,491
Amsted Industries, Inc., 5.63%, 07/01/27^(d)			890		865,894
Arconic, Inc.:
6.15%, 08/15/20			1,540		1,559,250
5.40%, 04/15/21			45		44,611
5.87%, 02/23/22			1,363		1,342,146
5.13%, 10/01/24			5,552		5,482,600
Bombardier, Inc.^(d):
8.75%, 12/01/21			2,292		1,905,225
5.75%, 03/15/22			404		306,030
6.13%, 01/15/23			1,200		846,000
7.50%, 12/01/24			857		578,475
7.50%, 03/15/25			1,858		1,327,541
7.88%, 04/15/27			8,100		5,405,535
CenturyLink, Inc., 4.00%, 02/15/27^(d)			2,896		2,809,120
General Dynamics Corp., 4.25%, 04/01/50			510		642,188
Global Aircraft Leasing Co. Ltd., (6.5% Cash or 7.25% PIK), 6.50%, 09/15/24^(d)(f)			2,513		1,610,657
Huntington Ingalls Industries, Inc.^(d):
3.84%, 05/01/25			1,325		1,364,039
4.20%, 05/01/30			2,190		2,269,968
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(d)			1,810		1,656,150
Moog, Inc., 4.25%, 12/15/27^(d)			959		865,498
Northrop Grumman Corp., 5.25%, 05/01/50			570		770,804
Signature Aviation US Holdings, Inc.^(d):
5.38%, 05/01/26			1,467		1,419,322
4.00%, 03/01/28			1,784		1,610,595
Sotheby’s, 7.38%, 10/15/27^(d)			2,000		1,592,500
SSL Robotics LLC, 9.75%, 12/31/23^(d)			851		876,530
TransDigm UK Holdings PLC, 6.88%, 05/15/26			1,953		1,816,290
TransDigm, Inc., 6.25%, 03/15/26^(d)			32,013		31,892,951
Wolverine Escrow LLC ^(d):
8.50%, 11/15/24			1,410		1,124,461
9.00%, 11/15/26			2,399		1,949,187

					75,312,674

Auto Components — 2.6%
Allison Transmission, Inc.^(d):
5.00%, 10/01/24			827		802,190
5.88%, 06/01/29			1,834		1,723,960
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(d)			1,626		1,300,800
Goodyear Tire & Rubber Co., 5.00%, 05/31/26			471		434,498


Security		Par (000)		Value

Auto Components (continued)
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
6.25%, 02/01/22	USD		1,452	$	1,455,630
6.75%, 02/01/24			40		38,600
4.75%, 09/15/24			591		543,549
6.38%, 12/15/25			532		502,740
6.25%, 05/15/26			3,520		3,326,400
5.25%, 05/15/27			1,848		1,707,090
IHO Verwaltungs GmbH^(f):
6.00%, 05/15/27^(d)			200		140,000
(4.63% PIK), 3.88%, 05/15/27	EUR		252		211,227
Panther BF Aggregator 2 LP/Panther Finance Co., Inc.:
4.38%, 05/15/26			401		367,078
6.25%, 05/15/26^(d)	USD		7,317		6,914,565
8.50%, 05/15/27^(d)			7,994		6,973,966
Tesla, Inc., 5.30%, 08/15/25^(d)			1,505		1,410,937
Toyota Motor Credit Corp., 3.38%, 04/01/30			2,045		2,064,980

					29,918,210

Banks — 0.8%
Banca Monte dei Paschi di Siena SpA, 2.63%, 04/28/25	EUR		225		205,960
Banco BPM SpA, 2.50%, 06/21/24			200		205,806
Banco de Sabadell SA, (5 year EUR Swap + 2.20%), 2.00%, 01/17/30^(g)			200		160,679
Banco Espirito Santo SA (a)(h):
4.75%, 01/15/18			1,900		335,281
4.00%, 01/21/19			1,100		194,110
Barclays PLC:
4.38%, 09/11/24	USD		3,020		3,009,414
5.20%, 05/12/26			800		821,920
CIT Group, Inc.:
5.00%, 08/15/22			278		269,660
5.00%, 08/01/23			404		388,693
6.00%, 04/01/36			3,261		3,032,730
Deutsche Pfandbriefbank AG, 4.60%, 02/22/27	EUR		100		102,706
Unione di Banche Italiane SpA, (5 year EUR Swap + 5.75%), 5.88%, 03/04/29^(g)			100		104,176

					8,831,135

Beverages — 0.0%
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26	USD		155		158,875


Security		Par (000)		Value

Beverages (continued)
Sunshine Mid BV, 6.50%, 05/15/26	EUR		100	$	103,026

					261,901

Building Materials — 0.0%
Cemex SAB de CV, 3.13%, 03/19/26			150		146,513


Building Products — 1.1%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27^(d)	USD		1,464		1,302,960
Beacon Roofing Supply, Inc.^(d):
4.88%, 11/01/25			78		70,395
4.50%, 11/15/26			543		501,080
Builders FirstSource, Inc., 5.00%, 03/01/30^(d)			1,184		1,065,600
CPG Merger Sub LLC, 8.00%, 10/01/21^(d)			2,165		2,100,916
Jeld-Wen, Inc.^(d):
4.63%, 12/15/25			823		724,240
4.88%, 12/15/27			129		113,843
Masonite International Corp.^(d):
5.75%, 09/15/26			701		686,980
5.38%, 02/01/28			342		336,118
Standard Industries, Inc.:
5.50%, 02/15/23^(d)			338		326,170
5.38%, 11/15/24^(d)			2,108		2,034,220
6.00%, 10/15/25^(d)			3,045		2,992,626
2.25%, 11/21/26	EUR		234		209,136

					12,464,284

Capital Markets — 0.9%
AG Issuer LLC, 6.25%, 03/01/28^(d)	USD		181		152,040
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(g)(i)			3,780		3,364,200
Intertrust Group BV, 3.38%, 11/15/25	EUR		200		209,992
LABL Escrow Issuer LLC, 6.75%, 07/15/26^(d)	USD		2,208		2,031,360
LPL Holdings, Inc., 5.75%, 09/15/25^(d)			323		310,080
Owl Rock Capital Corp.:
5.25%, 04/15/24			658		638,232
4.00%, 03/30/25			715		551,313
3.75%, 07/22/25			2,908		2,412,225
State Street Corp.(Secured Overnight Financing Rate + 2.65%), 3.15%, 03/30/31^(d)(g)			125		127,869
Stevens Holding Co., Inc., 6.13%, 10/01/26^(d)			813		803,175

					10,600,486

Chemicals — 3.0%
Ashland Services BV, 2.00%, 01/30/28	EUR		251		240,148
Atotech Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(d)(f)	USD		2,283		2,054,700
Atotech Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(d)			8,925		8,222,156


Security		Par (000)		Value

Chemicals (continued)
Axalta Coating Systems LLC, 4.88%, 08/15/24^(d)	USD		1,280	$	1,228,800
Blue Cube Spinco LLC:
9.75%, 10/15/23			1,876		1,948,695
10.00%, 10/15/25			1,225		1,292,498
Chemours Co.:
6.63%, 05/15/23			2,029		1,724,650
5.38%, 05/15/27			536		409,960
Ecolab, Inc., 4.80%, 03/24/30			795		1,039,040
Element Solutions, Inc., 5.88%, 12/01/25^(d)			5,188		5,084,240
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(d)			791		735,630
Monitchem HoldCo 2 SA, 9.50%, 09/15/26	EUR		100		93,140
Monitchem HoldCo 3 SA, 5.25%, 03/15/25			222		203,220
NOVA Chemicals Corp., 4.88%, 06/01/24^(d)	USD		456		400,140
OCI NV:
3.13%, 11/01/24	EUR		100		97,055
5.25%, 11/01/24^(d)	USD		1,218		1,047,480
PQ Corp.^(d):
6.75%, 11/15/22			1,949		1,958,827
5.75%, 12/15/25			3,618		3,256,200
Valvoline, Inc., 4.25%, 02/15/30^(d)			1,613		1,512,026
WR Grace & Co-Conn^(d):
5.13%, 10/01/21			2,483		2,507,830
5.63%, 10/01/24			559		550,447

					35,606,882

Commercial Services & Supplies — 3.2%
ADT Security Corp.:
3.50%, 07/15/22			424		413,400
4.13%, 06/15/23			293		286,404
4.88%, 07/15/32^(d)			1,970		1,673,909
Advanced Disposal Services, Inc., 5.63%, 11/15/24^(d)			1,104		1,117,800
Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 07/15/27^(d)			3,544		3,339,866
Ashtead Capital, Inc.^(d):
4.00%, 05/01/28			1,245		1,073,190
4.25%, 11/01/29			459		388,798
Booz Allen Hamilton, Inc., 5.13%, 05/01/25^(d)			1,792		1,756,160
Clean Harbors, Inc.^(d):
4.88%, 07/15/27			1,454		1,423,321
5.13%, 07/15/29			1,069		994,170
Core & Main LP, 6.13%, 08/15/25^(d)			4,592		4,270,560
Diocle SpA, (3 mo. Euribor + 3.88%), 3.88%, 06/30/26^(e)	EUR		109		106,391


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Garda World Security Corp., 9.50%, 11/01/27^(d)	USD		1,004	$	897,476
GFL Environmental, Inc.^(d):
5.13%, 12/15/26			2,435		2,374,125
8.50%, 05/01/27			1,340		1,346,298
KAR Auction Services, Inc., 5.13%, 06/01/25^(d)			2,866		2,737,030
Mobile Mini, Inc., 5.88%, 07/01/24			3,503		3,354,122
Ritchie Bros Auctioneers, Inc., 5.38%, 01/15/25^(d)			1,289		1,285,765
Summer BC Holdco A Sarl, 9.25%, 10/31/27	EUR		180		162,356
Summer BC Holdco B Sarl, 5.75%, 10/31/26			500		458,806
United Rentals North America, Inc.:
4.63%, 10/15/25	USD		2,387		2,291,520
5.88%, 09/15/26			341		345,365
5.50%, 05/15/27			583		588,393
3.88%, 11/15/27			771		728,595
Vericast Corp., 8.38%, 08/15/22^(d)			2,648		2,042,270
Waste Pro USA, Inc., 5.50%, 02/15/26^(d)			1,980		1,837,044

					37,293,134

Communications Equipment — 1.2%
CommScope, Inc.^(d):
5.50%, 03/01/24			3,197		3,235,364
6.00%, 03/01/26			962		960,557
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(d)			1,633		1,290,070
Nokia OYJ:
3.38%, 06/12/22			714		710,903
4.38%, 06/12/27			439		425,830
6.63%, 05/15/39			3,223		3,264,899
ViaSat, Inc., 5.63%, 04/15/27^(d)			4,065		4,014,187

					13,901,810

Construction & Engineering — 0.4%
Aldesa Financial Services SA, 7.25%, 04/01/21	EUR		200		192,099
Brand Industrial Services, Inc., 8.50%, 07/15/25^(d)	USD		3,085		2,422,342
frontdoor, Inc., 6.75%, 08/15/26^(d)			1,382		1,323,265
PulteGroup, Inc., 7.88%, 06/15/32			94		103,400
SPIE SA, 2.63%, 06/18/26	EUR		100		98,323
SRS Distribution, Inc., 8.25%, 07/01/26^(d)	USD		1,401		1,064,760

					5,204,189

Construction Materials — 1.9%
American Builders & Contractors Supply Co., Inc.^(d):
5.88%, 05/15/26			1,994		1,899,285
4.00%, 01/15/28			986		897,260


Security		Par (000)		Value

Construction Materials (continued)
Core & Main Holdings LP, (8.625% Cash or 9.38% PIK), 8.63%, 09/15/24^(d)(f)	USD		2,605	$	2,383,575
HD Supply, Inc., 5.38%, 10/15/26^(d)			9,832		9,557,884
Navistar International Corp., 6.63%, 11/01/25^(d)			3,199		2,663,167
New Enterprise Stone & Lime Co., Inc.^(d):
10.13%, 04/01/22			1,002		999,495
6.25%, 03/15/26			480		441,600
Williams Scotsman International, Inc.^(d):
7.88%, 12/15/22			694		676,997
6.88%, 08/15/23			2,344		2,133,040

					21,652,303

Consumer Discretionary — 0.5%
Dun & Bradstreet Corp., 6.88%, 08/15/26^(d)			3,993		4,152,720
Explorer II AS, 3.38%, 02/24/25	EUR		100		64,524
Nielsen Co. Luxembourg Sarl, 5.00%, 02/01/25^(d)	USD		500		463,750
ServiceMaster Co. LLC, 5.13%, 11/15/24^(d)			951		939,113
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26	EUR		200		202,933

					5,823,040

Consumer Finance — 3.5%
Ally Financial, Inc., 8.00%, 11/01/31	USD		7,162		8,298,609
Husky III Holding Ltd., (13.00% PIK), 13.00%, 02/15/25^(d)(f)			1,744		1,280,933
Iron Mountain UK PLC, 3.88%, 11/15/25	GBP		200		223,608
Mastercard, Inc.:
3.35%, 03/26/30	USD		1,065		1,179,412
3.85%, 03/26/50			600		735,268
Navient Corp.:
7.25%, 09/25/23			550		533,533
6.13%, 03/25/24			1,359		1,257,075
5.88%, 10/25/24			1,017		935,640
5.00%, 03/15/27			406		349,038
Refinitiv US Holdings, Inc.:
4.50%, 05/15/26	EUR		595		649,663
4.50%, 05/15/26^(d)			2,465		2,691,461
6.25%, 05/15/26^(d)	USD		482		497,665
8.25%, 11/15/26^(d)			5,788		6,106,340
Springleaf Finance Corp.:
6.13%, 05/15/22			490		495,047
6.88%, 03/15/25			1,682		1,693,976
7.13%, 03/15/26			3,024		2,993,760
6.63%, 01/15/28			581		549,045
5.38%, 11/15/29			563		515,145


Security		Par (000)		Value

Consumer Finance (continued)
Verscend Escrow Corp., 9.75%, 08/15/26^(d)	USD		9,470	$	9,452,196

					40,437,414

Containers & Packaging — 2.9%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(d)(f)			4,109		3,529,349
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
2.13%, 08/15/26	EUR		100		98,323
4.13%, 08/15/26^(d)	USD		1,449		1,441,755
4.75%, 07/15/27^(d)	GBP		427		483,969
4.75%, 07/15/27			212		240,284
Berry Global, Inc., 1.00%, 01/15/25	EUR		100		100,364
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26	USD		965		950,525
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			2,786		2,854,814
Crown European Holdings SA, 3.38%, 05/15/25	EUR		100		108,954
Graphic Packaging International LLC, 3.50%, 03/15/28^(d)	USD		459		412,962
Intertape Polymer Group, Inc., 7.00%, 10/15/26^(d)			747		713,385
Mauser Packaging Solutions Holding Co.:
4.75%, 04/15/24	EUR		123		115,417
5.50%, 04/15/24^(d)	USD		5,875		5,405,000
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu^(d):
5.13%, 07/15/23			73		72,270
7.00%, 07/15/24			1,581		1,606,691
Sealed Air Corp.^(d):
5.13%, 12/01/24			142		142,710
6.88%, 07/15/33			700		701,383
Silgan Holdings, Inc.:
3.25%, 03/15/25	EUR		300		322,085
4.13%, 02/01/28^(d)	USD		1,188		1,095,930
2.25%, 06/01/28	EUR		199		191,494
Trivium Packaging Finance BV:
3.75%, 08/15/26			220		220,679
5.50%, 08/15/26^(d)	USD		5,982		5,952,090
8.50%, 08/15/27^(d)			7,251		7,287,255

					34,047,688

County/City/Special District/School District — 0.0%
European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21^(j)	EUR		200		87,019


Diversified Consumer Services — 1.6%
APX Group, Inc.:
7.88%, 12/01/22	USD		840		789,885
8.50%, 11/01/24^(d)			274		250,028


Security		Par (000)		Value

Diversified Consumer Services (continued)
6.75%, 02/15/27^(d)	USD		1,620	$	1,344,600
Ascend Learning LLC, 6.88%, 08/01/25^(d)			5,335		5,174,950
Garda World Security Corp., 4.63%, 02/15/27^(d)			1,666		1,491,070
Graham Holdings Co., 5.75%, 06/01/26^(d)			1,199		1,175,020
Laureate Education, Inc., 8.25%, 05/01/25^(d)			591		588,045
Pinewood Finance Co. Ltd., 3.25%, 09/30/25	GBP		106		122,446
Prime Security Services Borrower LLC/Prime Finance, Inc.^(d):
5.25%, 04/15/24	USD		1,491		1,472,795
5.75%, 04/15/26			1,353		1,325,940
6.25%, 01/15/28			2,716		2,342,550
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(d)			1,419		1,326,765
Service Corp. International, 5.13%, 06/01/29			1,637		1,669,740

					19,073,834

Diversified Financial Services — 3.8%
Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.63%, 07/15/26^(d)			10,961		10,769,182
Altice France Holding SA^(d):
8.00%, 05/15/27	EUR		300		324,819
10.50%, 05/15/27	USD		8,178		8,627,790
6.00%, 02/15/28			2,094		1,842,050
Arrow Global Finance PLC, 5.13%, 09/15/24	GBP		225		240,346
Cabot Financial Luxembourg II SA, (3 mo. Euribor + 6.38%), 6.38%, 06/14/24^(e)	EUR		148		150,252
Cabot Financial Luxembourg SA, 7.50%, 10/01/23	GBP		100		115,620
Citigroup, Inc., Series V, (Secured Overnight Financing Rate + 3.23%), 4.70%^(g)(i)	USD		3,485		2,985,251
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(d)			2,295		2,283,525
Fairstone Financial, Inc., 7.88%, 07/15/24^(d)			852		800,880
Ford Motor Credit Co. LLC:
3.20%, 01/15/21			200		193,250
5.88%, 08/02/21			1,253		1,227,940
3.81%, 10/12/21			382		366,483
5.60%, 01/07/22			387		374,423
2.98%, 08/03/22			650		604,500
4.14%, 02/15/23			829		768,317
4.38%, 08/06/23			410		372,731


Security		Par (000)		Value

Diversified Financial Services (continued)
3.81%, 01/09/24	USD		1,325	$	1,199,125
4.13%, 08/04/25			2,166		1,921,242
Garfunkelux Holdco 3 SA, 7.50%, 08/01/22	EUR		330		248,562
Intrum AB, 3.50%, 07/15/26			201		158,503
Kimberly-Clark Corp., 3.10%, 03/26/30	USD		210		227,182
Lehman Brothers Holding Escrow, 1.00%, 09/22/18^(a)(h)			430		4,515
Lehman Brothers Holdings, Inc.^(a)(h)(k):
5.38%, 10/17/17	EUR		350		4,478
4.75%, 01/16/18^(b)			1,890		24,181
1.00%, 02/05/18^(l)			3,950		50,535
1.00%, 12/31/49	USD		1,535		16,118
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(f)	EUR		220		201,400
Murphy Oil USA, Inc., 4.75%, 09/15/29	USD		1,023		959,063
Novafives SAS, 5.00%, 06/15/25	EUR		200		120,229
Pershing Square Holdings Ltd., 5.50%, 07/15/22^(d)	USD		2,100		2,016,000
Spectrum Brands, Inc., 5.00%, 10/01/29^(d)			496		421,600
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(d)			3,501		3,203,625
Verisure Midholding AB, 5.75%, 12/01/23	EUR		100		96,253
VZ Vendor Financing BV, 2.50%, 01/31/24			318		330,380
WMG Acquisition Corp.:
4.13%, 11/01/24			180		198,522
5.50%, 04/15/26^(d)	USD		918		897,345

					44,346,217

Diversified Telecommunication Services — 3.4%
CenturyLink, Inc.:
5.13%, 12/15/26^(d)			5,398		5,398,000
Series P, 7.60%, 09/15/39			1,795		1,741,150
Series U, 7.65%, 03/15/42			2,241		2,173,770
Series W, 6.75%, 12/01/23			3,690		3,921,732
Series Y, 7.50%, 04/01/24			1,556		1,703,820
Cincinnati Bell, Inc., 7.00%, 07/15/24^(d)			1,358		1,366,488
Frontier Communications Corp., 8.00%, 04/01/27^(a)(d)			6,674		6,582,433
GCI LLC, 6.63%, 06/15/24^(d)			869		860,310
Level 3 Financing, Inc.:
5.38%, 08/15/22			204		205,020
5.63%, 02/01/23			969		964,155
5.13%, 05/01/23			1,292		1,269,377
5.38%, 05/01/25			760		756,200
5.25%, 03/15/26			1,931		1,929,793
4.63%, 09/15/27^(d)			662		657,962


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Oi SA, (8.00% Cash or 4.00% PIK), 10.00%, 07/27/25^(f)	USD		270	$	184,275
Qwest Corp., 6.75%, 12/01/21			101		104,666
SoftBank Group Corp.:
4.00%, 04/20/23	EUR		150		151,587
4.75%, 07/30/25			515		517,664
3.13%, 09/19/25			300		277,889
5.00%, 04/15/28			500		486,158
4.00%, 09/19/29			100		88,214
Telecom Italia Capital SA:
6.38%, 11/15/33	USD		1,153		1,170,295
6.00%, 09/30/34			2,179		2,157,210
7.20%, 07/18/36			116		120,060
7.72%, 06/04/38			371		392,225
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		83		119,244
Telecom Italia SpA:
4.00%, 04/11/24			539		591,403
5.30%, 05/30/24^(d)	USD		2,204		2,215,152
2.75%, 04/15/25	EUR		339		350,515
Telecom Italia SpA/Milano, 3.00%, 09/30/25			100		104,487
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(d)	USD		1,827		1,744,420

					40,305,674

Electric Utilities — 0.2%
Edison International, 4.95%, 04/15/25			455		453,949
NextEra Energy Operating Partners LP^(d):
4.25%, 07/15/24			1,352		1,318,200
4.25%, 09/15/24			588		573,300
Talen Energy Supply LLC:
6.50%, 06/01/25			294		190,306
10.50%, 01/15/26^(d)			294		211,680

					2,747,435

Electronic Equipment, Instruments & Components — 0.5%
Belden, Inc., 3.88%, 03/15/28	EUR		100		99,812
CDW LLC/CDW Finance Corp., 5.50%, 12/01/24	USD		5,223		5,443,881
Itron, Inc., 5.00%, 01/15/26^(d)			231		219,450

					5,763,143

Energy Equipment & Services — 0.5%
Apergy Corp., 6.38%, 05/01/26			1,109		853,930
Archrock Partners LP/Archrock Partners Finance Corp., 6.88%, 04/01/27^(d)			932		661,813
Gates Global LLC/Gates Global Co., 6.25%, 01/15/26^(d)			1,756		1,554,060
Pattern Energy Group, Inc., 5.88%, 02/01/24^(d)			935		928,156
Transocean, Inc., 8.38%, 12/15/21			275		159,517


Security		Par (000)		Value

Energy Equipment & Services (continued)
USA Compression Partners LP/USA Compression Finance Corp.:
6.88%, 04/01/26	USD		1,837	$	1,148,125
6.88%, 09/01/27			1,418		879,160

					6,184,761

Environmental, Maintenance, & Security Service — 0.5%
GFL Environmental, Inc., 7.00%, 06/01/26^(d)			4,001		3,872,628
Tervita Corp., 7.63%, 12/01/21^(d)			2,775		1,942,500

					5,815,128

Equity Real Estate Investment Trusts (REITs) — 3.5%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(d)			1,641		1,331,475
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(d)			2,113		1,817,180
GLP Capital LP/GLP Financing II, Inc.:
5.25%, 06/01/25			1,008		932,400
5.38%, 04/15/26			602		533,613
Hilton Domestic Operating Co., Inc., 4.25%, 09/01/24			2,468		2,307,580
Iron Mountain, Inc., 4.88%, 09/15/29^(d)			881		827,594
iStar, Inc., 5.25%, 09/15/22			596		549,810
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.25%, 02/01/27^(d)			3,134		2,475,860
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26			386		335,820
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24			8,108		7,783,680
4.50%, 09/01/26			2,274		1,887,420
5.75%, 02/01/27			117		101,790
4.50%, 01/15/28			1,964		1,669,400
MPT Operating Partnership LP/MPT Finance Corp.:
5.50%, 05/01/24			271		263,547
5.00%, 10/15/27			4,402		4,269,940
4.63%, 08/01/29			3,178		2,955,540
Ryman Hospitality Properties, Inc., 4.75%, 10/15/27^(d)			3,036		2,277,000
SBA Communications Corp., 4.88%, 09/01/24			5,668		5,745,935
Starwood Property Trust, Inc., 5.00%, 12/15/21			1,027		939,705
VICI Properties LP/VICI Note Co., Inc., 4.63%, 12/01/29^(d)			2,714		2,476,199

					41,481,488


Security		Par (000)		Value

Food & Staples Retailing — 1.5%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertson’s LLC:
6.63%, 06/15/24	USD		285	$	289,275
5.75%, 03/15/25			215		217,236
4.63%, 01/15/27^(d)			3,936		3,916,320
5.88%, 02/15/28^(d)			3,433		3,494,107
4.88%, 02/15/30^(d)			909		906,727
Distribuidora Internacional de Alimentacion SA, 1.00%, 04/28/21	EUR		300		231,609
Iceland Bondco PLC, 4.63%, 03/15/25	GBP		200		197,494
Kraft Heinz Foods Co., 4.63%, 10/01/39^(d)	USD		684		612,548
Nomad Foods Bondco PLC, 3.25%, 05/15/24	EUR		100		103,628
Picard Groupe SAS(3 mo. Euribor + 3.00%), 3.00%, 11/30/23^(e)			200		205,698
Post Holdings, Inc., 4.63%, 04/15/30^(d)	USD		2,486		2,380,345
Premier Foods Finance PLC, 6.25%, 10/15/23	GBP		100		113,329
Quatrim SASU, 5.88%, 01/15/24	EUR		100		107,238
Sysco Corp.:
5.65%, 04/01/25	USD		775		806,822
5.95%, 04/01/30			942		988,949
6.60%, 04/01/40			1,100		1,186,018
6.60%, 04/01/50			1,100		1,153,347

					16,910,690

Food Products — 3.2%
Aramark Services, Inc.:
5.00%, 04/01/25^(d)			20		18,932
4.75%, 06/01/26			140		131,922
5.00%, 02/01/28^(d)			5,055		4,704,284
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25^(d)			2,384		2,169,440
Darling Ingredients, Inc., 5.25%, 04/15/27^(d)			1,162		1,126,791
General Mills, Inc., 2.88%, 04/15/30			150		149,700
Graphic Packaging International LLC, 4.75%, 07/15/27^(d)			574		561,372
JBS USA LUX SA/JBS USA Finance, Inc.^(d):
5.88%, 07/15/24			1,291		1,307,138
5.75%, 06/15/25			4,960		5,009,600
6.75%, 02/15/28			1,116		1,189,076
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.^(d):
6.50%, 04/15/29			4,665		5,004,145
5.50%, 01/15/30			2,178		2,248,785


Security		Par (000)		Value

Food Products (continued)
Kraft Heinz Foods Co.:
2.25%, 05/25/28	EUR		100	$	94,399
5.00%, 07/15/35	USD		750		745,656
6.88%, 01/26/39			1,474		1,685,997
6.50%, 02/09/40			980		1,069,347
5.00%, 06/04/42			15		14,202
5.20%, 07/15/45			1,236		1,188,281
4.38%, 06/01/46			1,757		1,582,736
4.88%, 10/01/49^(d)			5,163		4,694,532
Post Holdings, Inc.^(d):
5.00%, 08/15/26			110		113,207
5.75%, 03/01/27			4		4,099
5.63%, 01/15/28			484		491,260
5.50%, 12/15/29			267		276,959
Simmons Foods, Inc., 7.75%, 01/15/24^(d)			1,306		1,306,000

					36,887,860

Health Care Equipment & Supplies — 2.4%
Avantor, Inc.:
4.75%, 10/01/24	EUR		126		132,295
6.00%, 10/01/24^(d)	USD		8,861		9,283,670
9.00%, 10/01/25^(d)			6,700		7,053,090
Baxter International, Inc., 3.95%, 04/01/30^(d)			210		225,161
Hologic, Inc.^(d):
4.38%, 10/15/25			206		204,000
4.63%, 02/01/28			714		715,785
Immucor, Inc., 11.13%, 02/15/22^(d)			1,380		1,242,000
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA^(d):
6.63%, 05/15/22			2,408		2,275,560
7.25%, 02/01/28			7,211		6,200,739
Teleflex, Inc.:
4.88%, 06/01/26			751		743,490
4.63%, 11/15/27			214		213,764

					28,289,554

Health Care Providers & Services — 7.5%
Acadia Healthcare Co., Inc., 5.13%, 07/01/22			782		745,346
AHP Health Partners, Inc., 9.75%, 07/15/26^(d)			1,346		1,164,764
Centene Corp.^(d):
5.25%, 04/01/25			1,404		1,411,020
5.38%, 06/01/26			2,016		2,076,702
5.38%, 08/15/26			2,015		2,055,300
4.25%, 12/15/27			3,303		3,236,940
4.63%, 12/15/29			8,135		8,175,675
3.38%, 02/15/30			1,208		1,123,440
CHS/Community Health Systems, Inc.^(d):
8.63%, 01/15/24			3,585		3,539,076


Security		Par (000)		Value

Health Care Providers & Services (continued)
6.63%, 02/15/25	USD		1,475	$	1,364,375
8.00%, 03/15/26			6,593		6,263,350
Encompass Health Corp., 5.75%, 11/01/24			682		685,205
HCA, Inc.:
5.38%, 02/01/25			2,604		2,662,590
5.88%, 02/15/26			142		149,455
5.38%, 09/01/26			2,391		2,462,730
5.63%, 09/01/28			3,046		3,188,248
5.88%, 02/01/29			3,063		3,239,122
3.50%, 09/01/30			7,842		7,114,353
LifePoint Health, Inc., 4.38%, 02/15/27^(d)			420		395,640
MEDNAX, Inc., 5.25%, 12/01/23^(d)			933		760,395
Molina Healthcare, Inc.:
5.38%, 11/15/22			712		694,200
4.88%, 06/15/25^(d)			807		786,825
MPH Acquisition Holdings LLC, 7.13%, 06/01/24^(d)			4,502		3,917,010
Polaris Intermediate Corp., (8.50% Cash), 8.50%, 12/01/22^(d)(f)			2,403		1,862,598
Radiology Partners, Inc., 9.25%, 02/01/28^(d)			830		718,572
Surgery Center Holdings, Inc.^(d):
6.75%, 07/01/25			1,992		1,434,240
10.00%, 04/15/27			2,892		2,024,400
Tenet Healthcare Corp.:
8.13%, 04/01/22			3,919		3,732,847
4.63%, 07/15/24			4,076		3,892,580
4.63%, 09/01/24^(d)			1,892		1,812,158
4.88%, 01/01/26^(d)			7,712		7,345,680
6.25%, 02/01/27^(d)			1,778		1,733,550
5.13%, 11/01/27^(d)			2,492		2,373,630
Thermo Fisher Scientific, Inc., 4.50%, 03/25/30			720		809,379
Vizient, Inc., 6.25%, 05/15/27^(d)			2,585		2,521,448

					87,472,843

Health Care Technology — 0.7%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(d)			3,374		3,104,080
IQVIA, Inc.:
3.25%, 03/15/25	EUR		1,200		1,290,413
3.25%, 03/15/25^(d)			100		107,534
5.00%, 10/15/26^(d)	USD		1,504		1,534,080


Security		Par (000)		Value

Health Care Technology (continued)
5.00%, 05/15/27^(d)	USD		1,811	$	1,851,748

					7,887,855

Hotels, Restaurants & Leisure — 5.4%
1011778 BC ULC/New Red Finance, Inc.^(d):
4.25%, 05/15/24			1,045		1,042,377
5.00%, 10/15/25			6,347		6,061,322
3.88%, 01/15/28			2,398		2,278,100
4.38%, 01/15/28			1,701		1,571,554
Boyne USA, Inc., 7.25%, 05/01/25^(d)			1,014		968,370
Cedar Fair LP, 5.25%, 07/15/29^(d)			1,079		911,755
Churchill Downs, Inc.^(d):
5.50%, 04/01/27			4,092		3,857,406
4.75%, 01/15/28			1,528		1,329,360
Codere Finance 2 Luxembourg SA, 7.63%, 11/01/21^(d)			200		68,500
CPUK Finance Ltd., 4.25%, 08/28/22	GBP		174		173,435
Eldorado Resorts, Inc.:
6.00%, 04/01/25	USD		812		730,800
6.00%, 09/15/26			717		647,093
Golden Nugget, Inc., 6.75%, 10/15/24^(d)			7,206		4,538,987
Hilton Domestic Operating Co., Inc.:
5.13%, 05/01/26			1,114		1,047,160
4.88%, 01/15/30			6,050		5,142,500
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.:
4.63%, 04/01/25			350		325,500
4.88%, 04/01/27			240		228,000
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC^(d):
5.00%, 06/01/24			255		249,900
5.25%, 06/01/26			1,612		1,609,743
Las Vegas Sands Corp.:
2.90%, 06/25/25			238		215,764
3.50%, 08/18/26			259		236,902
3.90%, 08/08/29			167		143,928
LHMC Finco 2 Sarl, (7.25% Cash or 8.00% PIK), 7.25%, 10/02/25^(f)	EUR		247		103,518
Lions Gate Capital Holdings LLC^(d):
6.38%, 02/01/24	USD		147		129,360
5.88%, 11/01/24			1,016		868,680
McDonald’s Corp.:
3.50%, 07/01/27			800		840,416
3.60%, 07/01/30			820		860,943
4.20%, 04/01/50			345		385,898
MGM Resorts International:
7.75%, 03/15/22			3,677		3,642,142
6.00%, 03/15/23			1,243		1,199,495
5.75%, 06/15/25			322		288,190


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Motion Bondco DAC, 6.63%, 11/15/27^(d)	USD		1,108	$	775,600
Scientific Games International, Inc.:
5.00%, 10/15/25^(d)			3,687		3,207,690
3.38%, 02/15/26	EUR		800		679,739
8.25%, 03/15/26^(d)	USD		4,894		3,132,698
7.00%, 05/15/28^(d)			1,054		648,210
7.25%, 11/15/29^(d)			241		150,625
Sisal Group SpA, 7.00%, 07/31/23	EUR		69		61,837
Six Flags Entertainment Corp.^(d):
4.88%, 07/31/24	USD		3,001		2,543,347
5.50%, 04/15/27			464		390,920
Station Casinos LLC, 4.50%, 02/15/28^(d)			1,147		929,070
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32	GBP		500		694,528
William Hill PLC, 4.75%, 05/01/26			200		189,458
Wyndham Destinations, Inc.:
5.40%, 04/01/24	USD		100		84,500
5.75%, 04/01/27			306		255,510
Wyndham Hotels & Resorts, Inc., 5.38%, 04/15/26^(d)			527		458,490
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(d)			1,353		1,224,465
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/29^(d)			1,402		1,275,820
Yum! Brands, Inc.:
3.88%, 11/01/23			721		670,530
7.75%, 04/01/25^(d)			1,828		1,919,400
4.75%, 01/15/30^(d)			1,888		1,774,720
5.35%, 11/01/43			30		25,500

					62,789,755

Household Durables — 2.0%
Brookfield Residential Properties, Inc./Brookfield Residential US Corp.^(d):
6.25%, 09/15/27			1,234		1,070,372
4.88%, 02/15/30			2,111		1,603,727
Installed Building Products, Inc., 5.75%, 02/01/28^(d)			723		688,658
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(d)			2,650		2,709,625
Lennar Corp.:
6.63%, 05/01/20			1,160		1,158,550
8.38%, 01/15/21			2,810		2,852,150
4.88%, 12/15/23			968		948,640
5.25%, 06/01/26			302		307,285
4.75%, 11/29/27			2,510		2,503,725
Mattamy Group Corp.^(d):
5.25%, 12/15/27			830		771,900
4.63%, 03/01/30			1,141		981,260


Security		Par (000)		Value

Household Durables (continued)
MDC Holdings, Inc., 6.00%, 01/15/43	USD		716	$	676,978
Meritage Homes Corp., 5.13%, 06/06/27			286		268,840
PulteGroup, Inc.:
5.00%, 01/15/27			106		105,767
6.38%, 05/15/33			2,805		2,835,013
Shea Homes LP/Shea Homes Funding Corp., 4.75%, 02/15/28^(d)			1,072		915,220
Taylor Morrison Communities, Inc., 5.88%, 06/15/27^(d)			1,482		1,376,437
Tempur Sealy International, Inc., 5.50%, 06/15/26			822		719,373
TRI Pointe Group, Inc., 4.88%, 07/01/21			292		271,224

					22,764,744

Household Products — 0.2%
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.63%, 01/15/28^(d)			406		320,740
Energizer Holdings, Inc.^(d):
6.38%, 07/15/26			365		368,650
7.75%, 01/15/27			1,184		1,223,901

					1,913,291

Independent Power and Renewable Electricity Producers — 2.5%
Calpine Corp.:
5.50%, 02/01/24			420		399,000
5.75%, 01/15/25			4,264		3,944,200
5.25%, 06/01/26^(d)			2,409		2,288,550
4.50%, 02/15/28^(d)			2,536		2,458,018
5.13%, 03/15/28^(d)			7,155		6,582,600
Clearway Energy Operating LLC:
5.75%, 10/15/25			500		495,000
4.75%, 03/15/28^(d)			431		399,752
NRG Energy, Inc.:
3.75%, 06/15/24^(d)			845		828,955
6.63%, 01/15/27			3,738		3,887,520
5.75%, 01/15/28			14		14,280
4.45%, 06/15/29^(d)			2,821		2,854,097
5.25%, 06/15/29^(d)			2,278		2,346,340
TerraForm Power Operating LLC^(d):
4.25%, 01/31/23			1,191		1,182,067
4.75%, 01/15/30			1,556		1,509,320

					29,189,699

Industrial Conglomerates — 0.1%
BWX Technologies, Inc., 5.38%, 07/15/26^(d)			783		751,680


Insurance — 2.3%
Acrisure LLC/Acrisure Finance, Inc., 8.13%, 02/15/24^(d)			885		862,034
Aflac, Inc., 3.60%, 04/01/30			1,785		1,807,912
AIA Group Ltd., 3.38%, 04/07/30^(d)(l)			770		773,362


Security		Par (000)		Value

Insurance (continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27^(d)	USD		5,668	$	5,307,515
AmWINS Group, Inc., 7.75%, 07/01/26^(d)			2,631		2,578,380
Ardonagh Midco 3 PLC, 8.63%, 07/15/23^(d)			2,000		1,780,000
Galaxy Bidco Ltd., 6.50%, 07/31/26	GBP		100		112,038
GTCR AP Finance, Inc., 8.00%, 05/15/27^(d)	USD		1,775		1,633,000
HUB International Ltd., 7.00%, 05/01/26^(d)			6,807		6,738,930
Nationstar Mortgage Holdings, Inc.^(d):
8.13%, 07/15/23			4,460		4,360,988
9.13%, 07/15/26			696		629,880
NFP Corp., 8.00%, 07/15/25^(d)			853		780,495

					27,364,534

Interactive Media & Services — 1.4%
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 5.25%, 12/01/27^(d)			1,113		1,123,240
Match Group, Inc.^(d):
5.63%, 02/15/29			318		303,690
4.13%, 08/01/30			1,400		1,251,250
Netflix, Inc.:
4.88%, 04/15/28			496		510,880
5.88%, 11/15/28			4,519		4,828,551
3.88%, 11/15/29	EUR		196		211,151
5.38%, 11/15/29^(d)	USD		2,387		2,476,871
3.63%, 06/15/30	EUR		393		422,603
4.88%, 06/15/30^(d)	USD		1,646		1,670,937
Twitter, Inc., 3.88%, 12/15/27^(d)			699		672,351
Uber Technologies, Inc.^(d):
7.50%, 11/01/23			1,402		1,363,529
8.00%, 11/01/26			1,042		1,034,185
7.50%, 09/15/27			590		582,448

					16,451,686

IT Services — 2.0%
Banff Merger Sub, Inc.:
8.38%, 09/01/26	EUR		100		100,959
9.75%, 09/01/26^(d)	USD		9,560		8,412,800
Camelot Finance SA, 4.50%, 11/01/26^(d)			3,763		3,650,110
Fair Isaac Corp., 4.00%, 06/15/28^(d)			915		866,962
Gartner, Inc., 5.13%, 04/01/25^(d)			910		889,525
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.00%, 08/15/27^(d)			3,738		3,438,960
Science Applications International Corp., 4.88%, 04/01/28^(d)			1,431		1,373,760
WEX, Inc., 4.75%, 02/01/23^(d)			3,891		3,735,360


Security		Par (000)		Value

IT Services (continued)
Xerox Corp., 4.80%, 03/01/35	USD		1,375	$	1,113,750

					23,582,186

Leisure Products — 0.4%
Mattel, Inc.:
6.75%, 12/31/25^(d)			3,291		3,346,618
5.88%, 12/15/27^(d)			769		790,378
6.20%, 10/01/40			169		139,848
5.45%, 11/01/41			702		554,580

					4,831,424

Machinery — 1.4%
Capitol Investment Merger Sub 2 LLC, 10.00%, 08/01/24^(d)			1,139		1,025,100
Colfax Corp.^(d):
6.00%, 02/15/24			2,360		2,277,400
6.38%, 02/15/26			1,416		1,394,760
Deere & Co.:
3.10%, 04/15/30			520		550,397
3.75%, 04/15/50			375		428,075
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,109,800
Manitowoc Co., Inc., 9.00%, 04/01/26^(d)			395		349,575
Mueller Water Products, Inc., 5.50%, 06/15/26^(d)			1,130		1,093,275
SPX FLOW, Inc.^(d):
5.63%, 08/15/24			727		705,190
5.88%, 08/15/26			526		504,960
Terex Corp., 5.63%, 02/01/25^(d)			1,109		1,042,571
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26^(d)			3,882		3,241,470
Wabash National Corp., 5.50%, 10/01/25^(d)			2,154		1,712,430

					16,435,003

Media — 14.5%
Altice Financing SA:
2.25%, 01/15/25	EUR		170		166,137
7.50%, 05/15/26^(d)	USD		4,229		4,097,478
3.00%, 01/15/28	EUR		196		190,055
5.00%, 01/15/28^(d)	USD		2,220		1,964,700
Altice Finco SA, 7.63%, 02/15/25^(d)			270		253,800
Altice France SA:
2.50%, 01/15/25	EUR		169		173,343
7.38%, 05/01/26^(d)	USD		8,166		8,105,980
5.88%, 02/01/27	EUR		100		111,669
8.13%, 02/01/27^(d)	USD		5,777		6,022,522
AMC Networks, Inc.:
5.00%, 04/01/24			140		134,400
4.75%, 08/01/25			1,216		1,182,560
Banijay Entertainment SASU, 3.50%, 03/01/25	EUR		152		150,755


Security		Par (000)		Value

Media (continued)
Block Communications, Inc., 4.88%, 03/01/28^(d)	USD		791	$	735,630
CCO Holdings LLC/CCO Holdings Capital Corp.^(d):
4.00%, 03/01/23			1,809		1,802,216
5.13%, 05/01/27			9,335		9,359,271
5.88%, 05/01/27			142		146,260
5.00%, 02/01/28			262		262,655
5.38%, 06/01/29			3,633		3,733,271
4.75%, 03/01/30			1,417		1,409,915
4.50%, 08/15/30			5,827		5,710,460
4.50%, 05/01/32			6,993		6,819,574
Clear Channel Worldwide Holdings, Inc.^(d):
9.25%, 02/15/24			3,518		3,016,685
5.13%, 08/15/27			10,165		9,618,631
Comcast Corp.:
3.40%, 04/01/30			1,185		1,284,421
3.75%, 04/01/40			640		722,494
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(d)			8,888		7,343,710
CSC Holdings LLC:
5.38%, 07/15/23^(d)			5,009		5,008,950
5.25%, 06/01/24			3,213		3,221,000
7.75%, 07/15/25^(d)			1,484		1,543,360
6.63%, 10/15/25^(d)			892		937,769
10.88%, 10/15/25^(d)			11,138		12,042,962
5.50%, 05/15/26^(d)			1,819		1,881,483
5.38%, 02/01/28^(d)			629		641,580
5.75%, 01/15/30^(d)			3,700		3,731,302
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/26^(d)			2,166		1,759,918
DISH DBS Corp.:
6.75%, 06/01/21			2,590		2,626,260
5.88%, 07/15/22			4,962		4,832,095
5.00%, 03/15/23			1,948		1,863,846
7.75%, 07/01/26			3,582		3,680,505
DISH Network Corp.^(j):
2.38%, 03/15/24			300		242,359
3.38%, 08/15/26			2,495		2,025,569
Entercom Media Corp., 6.50%, 05/01/27^(d)			2,322		2,014,335
Fox Corp., 3.05%, 04/07/25^(l)			100		99,844
Front Range BidCo, Inc.^(d):
4.00%, 03/01/27			398		380,587
6.13%, 03/01/28			5,072		4,818,400
Hughes Satellite Systems Corp., 5.25%, 08/01/26			755		747,450
iHeartCommunications, Inc., 4.75%, 01/15/28^(d)			280		252,000
Intelsat Jackson Holdings SA, 5.50%, 08/01/23			4,899		3,208,845


Security		Par (000)		Value

Media (continued)
Lamar Media Corp., 4.00%, 02/15/30^(d)	USD		784	$	729,120
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(d)			2,315		2,280,275
Live Nation Entertainment, Inc.^(d):
4.88%, 11/01/24			296		269,467
4.75%, 10/15/27			374		332,860
Meredith Corp., 6.88%, 02/01/26			382		335,129
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(d)			972		941,105
Qualitytech LP/QTS Finance Corp., 4.75%, 11/15/25^(d)			1,450		1,399,250
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%, 02/15/25^(d)			1,035		879,750
Sable International Finance Ltd., 5.75%, 09/07/27^(d)			600		540,000
SES SA(5 year EUR Swap + 5.40%), 5.63%^(g)(i)	EUR		100		102,361
Sirius XM Radio, Inc.^(d):
4.63%, 05/15/23	USD		230		227,698
4.63%, 07/15/24			928		941,855
5.00%, 08/01/27			1,388		1,408,681
5.50%, 07/01/29			3,186		3,249,720
Summer BidCo BV, (9.00% Cash or 9.75% PIK)(9.00% Cash or 9.75% PIK), 9.00%, 11/15/25^(f)	EUR		147		139,305
TEGNA, Inc., 5.50%, 09/15/24^(d)	USD		344		326,800
Tele Columbus AG, 3.88%, 05/02/25	EUR		200		182,530
Telenet Finance Luxembourg Notes Sarl:
3.50%, 03/01/28			100		103,673
5.50%, 03/01/28^(d)	USD		2,000		1,860,000
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(d)			3,350		2,830,750
United Group BV:
4.88%, 07/01/24	EUR		199		198,078
(3 mo. Euribor + 3.25%), 3.25%, 02/15/26^(e)			100		87,006
3.63%, 02/15/28			166		148,149
Univision Communications, Inc.^(d):
5.13%, 05/15/23	USD		2,007		1,776,195
5.13%, 02/15/25			800		682,000
UPCB Finance VII Ltd., 3.63%, 06/15/29	EUR		160		159,684
Videotron Ltd., 5.13%, 04/15/27^(d)	USD		1,786		1,786,000
Virgin Media Finance PLC, 5.75%, 01/15/25^(d)			4,988		4,838,360
Virgin Media Secured Finance PLC:
5.00%, 04/15/27	GBP		200		235,999
6.25%, 03/28/29			360		443,427
5.50%, 05/15/29^(d)	USD		3,243		3,231,325
Ziggo Bond Co. BV^(d):
6.00%, 01/15/27			291		282,270
5.13%, 02/28/30			1,395		1,367,100


Security		Par (000)		Value

Media (continued)
Ziggo BV:
4.25%, 01/15/27	EUR		231	$	252,805
5.50%, 01/15/27^(d)	USD		2,018		2,018,000
2.88%, 01/15/30	EUR		106		106,386
4.88%, 01/15/30^(d)	USD		1,250		1,217,419

					169,989,543

Metals & Mining — 3.9%
Allegheny Technologies, Inc., 5.88%, 12/01/27			890		740,925
Anglo American Capital PLC^(d):
5.38%, 04/01/25			2,195		2,218,060
5.63%, 04/01/30			3,225		3,270,549
Arconic Corp., 6.13%, 02/15/28^(d)			1,359		1,389,578
Big River Steel LLC/BRS Finance Corp., 7.25%, 09/01/25^(d)			1,695		1,542,450
Cleveland-Cliffs, Inc., 6.75%, 03/15/26^(d)			524		466,360
Constellium SE^(d):
5.75%, 05/15/24			1,060		946,156
6.63%, 03/01/25			941		846,900
5.88%, 02/15/26			4,611		4,011,570
Freeport-McMoRan, Inc.:
3.55%, 03/01/22			441		426,116
3.88%, 03/15/23			6,500		6,142,500
4.25%, 03/01/30			2,388		2,077,560
5.45%, 03/15/43			9,709		8,689,555
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(d)			1,645		1,534,456
Joseph T Ryerson & Son, Inc., 11.00%, 05/15/22^(d)			335		311,550
Kaiser Aluminum Corp., 4.63%, 03/01/28^(d)			779		691,363
New Gold, Inc.^(d):
6.25%, 11/15/22			2,285		2,219,306
6.38%, 05/15/25			716		665,433
Novelis Corp.^(d):
5.88%, 09/30/26			2,012		1,974,506
4.75%, 01/30/30			4,826		4,295,140
ThyssenKrupp AG:
1.88%, 03/06/23	EUR		127		122,560
2.88%, 02/22/24			737		715,296
2.50%, 02/25/25			1		951

					45,298,840


Security		Par (000)		Value

Multi-Utilities — 0.1%
Superior Plus LP/Superior General Partner, Inc., 7.00%, 07/15/26^(d)	USD		1,516	$	1,478,100


Multiline Retail — 0.0%
Dufry One BV, 2.00%, 02/15/27	EUR		194		166,722


Offshore Drilling & Other Services — 0.1%
Entegris, Inc., 4.63%, 02/10/26^(d)	USD		1,250		1,187,500


Oil, Gas & Consumable Fuels — 6.7%
Apache Corp., 3.25%, 04/15/22			48		36,038
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22^(d)			3,072		1,797,120
Baytex Energy Corp., 8.75%, 04/01/27^(d)			1,746		666,099
Buckeye Partners LP:
4.13%, 03/01/25^(d)			241		203,163
3.95%, 12/01/26			302		247,549
4.50%, 03/01/28^(d)			1,312		1,075,840
5.85%, 11/15/43			648		433,966
5.60%, 10/15/44			988		622,440
Callon Petroleum Co.:
6.25%, 04/15/23			2,464		585,200
6.13%, 10/01/24			2,185		387,837
8.25%, 07/15/25			739		118,240
Series WI, 6.38%, 07/01/26			796		133,330
Centennial Resource Production LLC, 6.88%, 04/01/27^(d)			1,284		314,580
Cheniere Energy Partners LP:
5.63%, 10/01/26			1,400		1,288,000
4.50%, 10/01/29^(d)			2,154		1,873,980
Series WI, 5.25%, 10/01/25			329		302,680
Chesapeake Energy Corp., 11.50%, 01/01/25^(d)			3,134		532,780
Cimarex Energy Co., 4.38%, 06/01/24			110		86,686
CNX Resources Corp., 5.88%, 04/15/22			2,480		2,269,200
Comstock Resources, Inc.:
7.50%, 05/15/25^(d)			1,710		1,111,500
9.75%, 08/15/26			838		596,907
Continental Resources, Inc., 5.00%, 09/15/22			121		77,191
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.:
6.25%, 04/01/23			385		215,677
5.63%, 05/01/27^(d)			1,695		931,758
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(d)			5,561		2,891,720


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
CVR Energy, Inc.^(d):
5.25%, 02/15/25	USD		1,360	$	1,057,400
5.75%, 02/15/28			460		343,850
DCP Midstream Operating LP:
5.38%, 07/15/25			1,417		967,528
5.13%, 05/15/29			39		24,568
6.45%, 11/03/36^(d)			1,282		614,975
6.75%, 09/15/37^(d)			2,344		1,265,760
Denbury Resources, Inc., 9.00%, 05/15/21^(d)			1,309		382,882
Diamondback Energy, Inc., 3.50%, 12/01/29			203		138,024
eG Global Finance PLC:
4.38%, 02/07/25	EUR		133		111,334
6.75%, 02/07/25^(d)	USD		1,374		1,126,680
6.25%, 10/30/25	EUR		463		405,958
8.50%, 10/30/25^(d)	USD		1,386		1,233,540
Endeavor Energy Resources LP/EER Finance, Inc.^(d):
5.50%, 01/30/26			2,899		2,000,919
5.75%, 01/30/28			2,356		1,602,080
EnLink Midstream LLC, 5.38%, 06/01/29			474		246,480
EnLink Midstream Partners LP:
4.40%, 04/01/24			1,638		826,699
4.15%, 06/01/25			108		52,348
4.85%, 07/15/26			297		146,035
5.60%, 04/01/44			1,228		414,450
5.05%, 04/01/45			207		75,493
EnQuest PLC, (7.00% PIK), 7.00%, 04/15/22^(d)(f)			47		11,280
EQT Corp.:
3.90%, 10/01/27			510		351,747
7.00%, 02/01/30			65		48,426
Extraction Oil & Gas, Inc.^(d):
7.38%, 05/15/24			2,593		460,257
5.63%, 02/01/26			2,937		484,605
Genesis Energy LP/Genesis Energy Finance Corp.:
6.00%, 05/15/23			699		507,020
5.63%, 06/15/24			201		140,700
6.50%, 10/01/25			716		517,525
7.75%, 02/01/28			268		186,582
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21^(d)			1,813		1,160,320
Hess Midstream Operations LP, 5.63%, 02/15/26^(d)			1,075		759,020
Hess Midstream Partners LP, 5.13%, 06/15/28^(d)			862		605,814
Holly Energy Partners LP/Holly Energy Finance Corp., 5.00%, 02/01/28^(d)			1,252		1,048,550
Indigo Natural Resources LLC, 6.88%, 02/15/26^(d)			2,332		1,539,120


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Ithaca Energy North Sea PLC, 9.38%, 07/15/24^(d)	USD		200	$	94,000
Matador Resources Co., 5.88%, 09/15/26			2,168		635,224
MEG Energy Corp.^(d):
7.00%, 03/31/24			203		93,634
6.50%, 01/15/25			2,555		1,616,037
7.13%, 02/01/27			2,057		1,016,405
MPLX LP, 6.38%, 05/01/24^(d)			540		484,415
Murphy Oil Corp.:
5.75%, 08/15/25			223		119,327
5.88%, 12/01/42			141		57,796
Nabors Industries Ltd.^(d):
7.25%, 01/15/26			1,029		349,860
7.50%, 01/15/28			934		298,880
Nabors Industries, Inc., 4.63%, 09/15/21			116		73,080
NGPL PipeCo LLC, 7.77%, 12/15/37^(d)			1,640		1,632,642
NuStar Logistics LP, 6.00%, 06/01/26			908		671,920
Occidental Petroleum Corp.:
4.85%, 03/15/21			633		531,398
2.60%, 08/13/21			1,019		801,234
2.70%, 08/15/22			812		578,993
Series 1, 4.10%, 02/01/21			751		638,339
Pacific Drilling SA, 8.38%, 10/01/23^(d)			1,928		520,560
Parkland Fuel Corp., 5.88%, 07/15/27^(d)			1,223		1,146,440
Parsley Energy LLC/Parsley Finance Corp.^(d):
5.38%, 01/15/25			1,806		1,395,099
5.25%, 08/15/25			408		310,080
5.63%, 10/15/27			937		660,585
4.13%, 02/15/28			1,738		1,181,840
PBF Holding Co. LLC/PBF Finance Corp.:
7.25%, 06/15/25			1,036		694,431
6.00%, 02/15/28^(d)			624		411,840
PDC Energy, Inc.:
6.25%, 12/01/25			298		145,975
1.13%, 09/15/21^(j)			1,043		850,725
6.13%, 09/15/24			913		487,314
5.75%, 05/15/26			957		535,920
QEP Resources, Inc.:
6.88%, 03/01/21			482		245,820
5.38%, 10/01/22			2,639		1,240,330
5.25%, 05/01/23			746		276,020
5.63%, 03/01/26			891		325,215
Range Resources Corp.:
5.88%, 07/01/22			230		165,600
5.00%, 08/15/22			990		742,203
5.00%, 03/15/23			861		628,530
Sabine Pass Liquefaction LLC, 6.25%, 03/15/22			118		114,472


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
SM Energy Co.:
1.50%, 07/01/21^(j)	USD		3,410	$	1,231,431
6.13%, 11/15/22			1,268		536,526
5.00%, 01/15/24			754		248,820
5.63%, 06/01/25			304		82,843
6.75%, 09/15/26			255		76,500
6.63%, 01/15/27			141		41,040
Southwestern Energy Co., 4.10%, 03/15/22			1,318		988,500
Sunoco LP/Sunoco Finance Corp.:
6.00%, 04/15/27			761		654,460
Series WI, 4.88%, 01/15/23			1,170		1,117,350
Series WI, 5.50%, 02/15/26			27		23,363
Series WI, 5.88%, 03/15/28			808		670,640
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(d):
5.50%, 09/15/24			1,597		878,350
6.00%, 03/01/27			610		323,300
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
4.25%, 11/15/23			637		548,266
5.13%, 02/01/25			245		208,838
5.88%, 04/15/26			1,082		898,060
5.38%, 02/01/27			188		154,724
6.50%, 07/15/27			896		763,840
5.00%, 01/15/28			1,547		1,246,983
6.88%, 01/15/29			1,362		1,096,410
5.50%, 03/01/30^(d)			1,677		1,295,315
Transocean, Inc., 8.00%, 02/01/27^(d)			1,857		882,075
Viper Energy Partners LP, 5.38%, 11/01/27^(d)			753		632,520
WPX Energy, Inc.:
8.25%, 08/01/23			1,006		739,410
5.75%, 06/01/26			326		185,820
5.25%, 10/15/27			536		294,800
4.50%, 01/15/30			2,698		1,465,014

					78,714,831

Paper & Forest Products — 0.1%
Norbord, Inc., 6.25%, 04/15/23^(d)			1,566		1,511,190
WEPA Hygieneprodukte GMB(3 mo. Euribor + 2.88%), 2.88%, 12/15/26^(e)	EUR		100		96,779

					1,607,969

Personal Products — 0.1%
Coty, Inc.:
4.00%, 04/15/23			100		92,092
4.75%, 04/15/26			100		90,327
6.50%, 04/15/26^(d)	USD		100		88,500


Security		Par (000)		Value

Personal Products (continued)
Procter & Gamble Co., 3.60%, 03/25/50	USD		780	$	958,471

					1,229,390

Pharmaceuticals — 4.0%
Bausch Health Americas, Inc.^(d):
8.50%, 01/31/27			4,211		4,400,495
9.25%, 04/01/26			306		323,381
Bausch Health Cos., Inc.:
5.50%, 03/01/23^(d)			1,233		1,208,340
4.50%, 05/15/23	EUR		2,565		2,707,066
5.88%, 05/15/23^(d)	USD		128		127,360
7.00%, 03/15/24^(d)			1,573		1,602,478
6.13%, 04/15/25^(d)			3,258		3,209,130
5.50%, 11/01/25^(d)			779		787,024
9.00%, 12/15/25^(d)			1,393		1,468,501
5.75%, 08/15/27^(d)			1,292		1,330,243
7.00%, 01/15/28^(d)			1,532		1,572,445
5.00%, 01/30/28^(d)			1,385		1,311,180
7.25%, 05/30/29^(d)			2,892		3,001,318
5.25%, 01/30/30^(d)			1,265		1,196,133
Catalent Pharma Solutions, Inc.:
5.00%, 07/15/27^(d)			1,770		1,716,900
2.38%, 03/01/28	EUR		432		433,572
Charles River Laboratories International, Inc.^(d):
5.50%, 04/01/26	USD		135		139,050
4.25%, 05/01/28			1,573		1,516,215
Cheplapharm Arzneimittel GmbH, 3.50%, 02/11/27	EUR		166		167,519
Elanco Animal Health, Inc., 5.65%, 08/28/28	USD		1,026		1,081,765
Endo DAC/Endo Finance LLC/Endo Finco, Inc., 6.00%, 07/15/23^(d)			1,193		864,185
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23^(d)			7,320		7,448,100
MEDNAX, Inc., 6.25%, 01/15/27^(d)			2,527		2,027,917
Nidda BondCo GmbH:
7.25%, 09/30/25	EUR		337		327,520
5.00%, 09/30/25			100		94,914
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24			444		451,737
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(d)	USD		5,499		5,471,505
Pfizer, Inc., 2.63%, 04/01/30			690		725,510
Rossini Sarl, 6.75%, 10/30/25	EUR		401		442,226
Teva Pharmaceutical Finance Netherlands II BV:
1.88%, 03/31/27			100		88,714


Security		Par (000)		Value

Pharmaceuticals (continued)
1.63%, 10/15/28	EUR		100	$	85,096

					47,327,539

Producer Durables: Miscellaneous — 0.4%
Open Text Corp., 3.88%, 02/15/28^(d)	USD		2,540		2,387,600
Open Text Holdings, Inc., 4.13%, 02/15/30^(d)			2,525		2,374,131

					4,761,731

Professional Services — 0.4%
ASGN, Inc., 4.63%, 05/15/28^(d)			1,587		1,474,164
Dun & Bradstreet Corp., 10.25%, 02/15/27^(d)			2,898		3,071,880

					4,546,044

Real Estate Management & Development — 0.3%
ADLER Real Estate AG:
1.50%, 04/17/22	EUR		100		103,011
3.00%, 04/27/26			200		191,224
Consus Real Estate AG, 9.63%, 05/15/24			100		89,335
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(d)	USD		585		529,460
Heimstaden Bostad AB(5 year EUR Swap + 3.67%), 3.25%^(g)(i)	EUR		100		89,059
Howard Hughes Corp., 5.38%, 03/15/25^(d)	USD		1,428		1,381,590
Newmark Group, Inc., 6.13%, 11/15/23			642		653,061
Peach Property Finance GmbH, 3.50%, 02/15/23	EUR		179		187,933
Summit Properties Ltd., 2.00%, 01/31/25			145		134,231

					3,358,904

Restaurants — 0.0%
IRB Holding Corp., 6.75%, 02/15/26^(d)	USD		649		511,357


Road & Rail — 0.4%
Autostrade per l’Italia SpA:
6.25%, 06/09/22	GBP		100		117,880
5.88%, 06/09/24	EUR		300		334,179
Herc Holdings, Inc., 5.50%, 07/15/27^(d)	USD		2,894		2,691,420
Kapla Holding SAS:
(3 mo. Euribor + 3.25%), 3.25%, 12/15/26^(e)	EUR		100		71,688
3.38%, 12/15/26			200		143,377
Loxam SAS:
4.25%, 04/15/24			100		93,746
3.25%, 01/14/25			268		234,984
3.75%, 07/15/26			115		101,277
United Rentals North America, Inc.:
5.25%, 01/15/30	USD		496		495,851


Security		Par (000)		Value

Road & Rail (continued)
4.00%, 07/15/30	USD		507	$	453,765

					4,738,167

Semiconductors & Semiconductor Equipment — 0.8%
Advanced Micro Devices, Inc., 7.50%, 08/15/22			422		447,320
Infineon Technologies AG, (5 year EUR Swap + 3.39%), 2.88%^(g)(i)	EUR		200		206,372
NVIDIA Corp.:
2.85%, 04/01/30	USD		155		161,761
3.50%, 04/01/40			380		403,164
3.50%, 04/01/50			420		456,679
3.70%, 04/01/60			265		296,212
Qorvo, Inc.:
5.50%, 07/15/26			1,785		1,865,771
4.38%, 10/15/29^(d)			484		450,120
Sensata Tech, Inc., 4.38%, 02/15/30^(d)			994		894,600
Sensata Technologies BV^(d):
5.63%, 11/01/24			1,400		1,365,000
5.00%, 10/01/25			3,278		3,105,905

					9,652,904

Software — 6.9%
ACI Worldwide, Inc., 5.75%, 08/15/26^(d)			4,105		4,063,950
Castle US Holding Corp., 9.50%, 02/15/28^(d)			2,008		1,907,600
CDK Global, Inc.:
4.88%, 06/01/27			3,962		4,061,050
5.25%, 05/15/29^(d)			614		626,280
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24^(d)			5,286		5,406,468
MSCI, Inc.^(d):
4.75%, 08/01/26			181		178,285
4.00%, 11/15/29			455		451,988
3.63%, 09/01/30			682		647,047
Nuance Communications, Inc., 5.63%, 12/15/26			1,127		1,096,774
Oracle Corp.:
2.95%, 04/01/30			9,424		9,488,886
3.60%, 04/01/40			5,125		5,125,495
3.60%, 04/01/50			10,250		10,250,259
3.85%, 04/01/60			10,250		10,316,323
PTC, Inc.:
6.00%, 05/15/24			1,996		2,053,924
3.63%, 02/15/25^(d)			957		894,795
4.00%, 02/15/28^(d)			1,163		1,116,829
Rackspace Hosting, Inc., 8.63%, 11/15/24^(d)			1,374		1,233,165


Security		Par (000)		Value

Software (continued)
RP Crown Parent LLC, 7.38%, 10/15/24^(d)	USD		4,370	$	4,163,736
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(d)			11,061		10,839,780
Sophia LP/Sophia Finance, Inc., 9.00%, 09/30/23^(d)			625		625,000
SS&C Technologies, Inc., 5.50%, 09/30/27^(d)			5,157		5,374,677
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 02/01/23^(d)			707		622,160

					80,544,471

Specialty Retail — 1.4%
Asbury Automotive Group, Inc.^(d):
4.50%, 03/01/28			542		460,700
4.75%, 03/01/30			526		447,100
Catalent Pharma Solutions, Inc., 4.88%, 01/15/26^(d)			1,907		1,849,790
Group 1 Automotive, Inc., 5.25%, 12/15/23^(d)			264		270,930
Home Depot, Inc.:
2.70%, 04/15/30			350		355,885
3.30%, 04/15/40			680		696,568
3.35%, 04/15/50			220		229,857
IAA, Inc., 5.50%, 06/15/27^(d)			1,538		1,488,015
L Brands, Inc.:
6.88%, 11/01/35			2,579		1,908,460
6.75%, 07/01/36			384		276,480
Penske Automotive Group, Inc., 5.50%, 05/15/26			299		272,748
PetSmart, Inc.^(d):
7.13%, 03/15/23			1,538		1,432,262
5.88%, 06/01/25			1,382		1,361,270
Staples, Inc., 7.50%, 04/15/26^(d)			5,327		4,707,736

					15,757,801

Technology Hardware, Storage & Peripherals — 1.1%
Dell International LLC/EMC Corp., 7.13%, 06/15/24^(d)			4,225		4,362,312
NCR Corp.^(d):
5.75%, 09/01/27			761		692,510
6.13%, 09/01/29			1,442		1,346,684
Presidio Holdings, Inc.^(d):
4.88%, 02/01/27			2,153		1,926,935
8.25%, 02/01/28			1,234		1,087,463
Western Digital Corp., 4.75%, 02/15/26			3,206		3,254,090

					12,669,994

Textiles, Apparel & Luxury Goods — 0.6%
Levi Strauss & Co., 3.38%, 03/15/27	EUR		100		101,996
NIKE, Inc.:
2.85%, 03/27/30	USD		2,810		2,969,007
3.25%, 03/27/40			2,230		2,337,134
3.38%, 03/27/50			1,155		1,259,992


Security		Par (000)		Value

Textiles, Apparel & Luxury Goods (continued)
William Carter Co., 5.63%, 03/15/27^(d)	USD		543	$	525,353

					7,193,482

Thrifts & Mortgage Finance — 0.2%
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.25%, 03/15/22^(d)			264		236,280
Nationstar Mortgage Holdings, Inc., 6.00%, 01/15/27^(d)			2,424		2,060,400

					2,296,680

Transportation Infrastructure — 0.1%
Atlantia SpA, 1.63%, 02/03/25	EUR		100		90,019
CMA CGM SA, 6.50%, 07/15/22			200		149,755
Ferrovial Netherlands BV (5 year EUR Swap + 2.13%), 2.12%^(g)(i)			400		358,905
Heathrow Finance PLC, 4.13%, 09/01/29	GBP		215		228,463

					827,142

Utilities — 0.0%
ContourGlobal Power Holdings SA:
3.38%, 08/01/23	EUR		100		95,673
4.13%, 08/01/25			227		219,425
Vistra Operations Co. LLC, 3.55%, 07/15/24^(d)	USD		30		28,195

					343,293

Wireless Telecommunication Services — 5.6%
Altice France SA, 5.50%, 01/15/28^(d)			2,881		2,697,480
Crown Castle International Corp.:
3.30%, 07/01/30			855		847,980
4.15%, 07/01/50			705		697,245
Matterhorn Telecom SA, 4.00%, 11/15/27	EUR		200		193,272
Radiate Holdco LLC/Radiate Finance, Inc., 6.88%, 02/15/23^(d)	USD		619		563,290
SBA Communications Corp.:
4.00%, 10/01/22			2,644		2,643,207
3.88%, 02/15/27^(d)			4,462		4,473,155
Sprint Capital Corp.:
6.88%, 11/15/28			4,227		4,828,079
8.75%, 03/15/32			5,408		7,152,080
Sprint Corp.:
7.88%, 09/15/23			4,484		4,921,549
7.13%, 06/15/24			2,623		2,879,136
7.63%, 02/15/25			1,642		1,814,410
7.63%, 03/01/26			1,050		1,188,390
T-Mobile USA, Inc.:
4.00%, 04/15/22			591		592,478
6.50%, 01/15/24			2,638		2,677,570
6.38%, 03/01/25			994		1,015,152
6.50%, 01/15/26			1,494		1,568,700
4.50%, 02/01/26			1,408		1,439,680


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
4.75%, 02/01/28	USD		2,710	$	2,823,278
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, 02/15/25^(d)			2,597		2,387,630
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.00%, 04/15/23^(d)			698		635,180
VICI Properties LP/VICI Note Co., Inc.^(d):
3.50%, 02/15/25			2,376		2,215,620
4.25%, 12/01/26			6,706		6,152,755
3.75%, 02/15/27			2,568		2,420,340
4.13%, 08/15/30			6,460		6,048,175
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22^(d)(f)			514		477,628

					65,353,459


Total Corporate Bonds — 123.1% (Cost — $1,570,751,199)					1,440,385,029


Floating Rate Loan Interests^(e) — 12.8%

Aerospace & Defense — 0.0%
WP CPP Holdings LLC, 2018 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.36%, 04/30/25			326		244,406


Auto Components — 0.1%
Dealer Tire, LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 5.24%, 12/12/25			496		401,564
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 4.44%, 04/30/26^(b)			1,462		1,330,208

					1,731,772

Capital Markets — 0.0%
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 06/03/26			655		541,118


Chemicals — 0.5%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.45%, 01/31/24^(b)			2,692		2,450,124
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.70%, 08/27/26^(b)			2,374		1,994,219
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 05/16/24			471		407,259


Security		Par (000)		Value

Chemicals (continued)
Invictus US LLC, 2nd Lien Term Loan, (6 mo. LIBOR + 6.75%), 8.53%, 03/30/26^(b)	USD		327	$	229,075
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 05/15/24			464		373,228

					5,453,905

Commercial Services & Supplies — 0.9%
Advanced Disposal Services, Inc., Term Loan B3, 11/10/23^(m)			251		247,349
Asurion LLC, 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 7.49%, 08/04/25			2,968		2,704,590
Diamond (BC) BV, Term Loan, (3 mo. LIBOR + 3.00%), 4.78%, 09/06/24			1,237		915,020
GFL Environmental, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 3.99%, 05/30/25			859		828,668
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 5.49%, 08/27/25^(b)			5,759		5,413,717

					10,109,344

Construction & Engineering — 0.8%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.70%, 06/21/24			9,544		7,586,219
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.99%, 05/23/25			1,793		1,510,791

					9,097,010

Containers & Packaging — 0.1%
BWAY Holding Co., 2017 Term Loan B, 04/03/24^(m)			1,585		1,284,609


Diversified Consumer Services — 0.5%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 02/01/27			369		339,480
Ascend Learning LLC, 2017 Term Loan B, 07/12/24^(m)			354		313,408
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27			752		578,017
Gol LuxCo SA, 1st Lien Term Loan, (6 mo. LIBOR + 6.50%), 6.50%, 08/31/20^(b)			3,885		3,496,500


Security		Par (000)		Value

Diversified Consumer Services (continued)
Uber Technologies, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.00%), 5.00%, 04/04/25	USD		866	$	800,043

					5,527,448

Diversified Financial Services — 0.1%
Advisor Group, Inc., 2019 Term Loan, (1 mo. LIBOR + 5.00%), 5.99%, 08/01/26			764		549,555
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 03/05/27^(b)(m)			490		411,905
VS Buyer LLC, Term Loan B, (3 mo. LIBOR + 3.25%), 4.86%, 02/28/27^(b)			490		467,950

					1,429,410

Diversified Telecommunication Services — 1.2%
CenturyLink, Inc., 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 03/15/27			3,211		2,980,328
Frontier Communications Corp., 2017 Term Loan B1, 06/15/24^(m)			3,640		3,443,997
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.99%, 03/09/27^(b)			8,227		7,733,380

					14,157,705

Energy Equipment & Services — 0.4%
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 9.35%, 11/08/22^(b)			4,819		4,529,860


Food Products — 0.0%
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23			487		432,185


Health Care Equipment & Supplies — 0.5%
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.45%, 06/15/21			4,503		3,850,259
Ortho-Clinical Diagnostics SA:
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.77%, 06/30/25			785		664,208
EUR Term Loan B, (3 mo. LIBOR + 3.50%), 3.50%, 06/30/25	EUR		1,000		887,834

					5,402,301

Health Care Providers & Services — 1.0%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25	USD		943		828,583


Security		Par (000)		Value

Health Care Providers & Services (continued)
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.87%, 01/08/27^(b)	USD		1,149	$	1,080,060
Emerald TopCo., Inc., Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 07/25/26^(b)			995		905,829
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 4.74%, 10/10/25			5,594		2,825,105
EyeCare Partners, LLC, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 9.14%, 02/04/28^(b)			3,500		2,975,000
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 4.25%, 07/02/25^(b)			1,301		1,216,092
Quorum Health Corporation, Term Loan B, (3 mo. LIBOR + 6.75%, 1.00% Floor), 8.53%, 04/29/22			1,271		1,030,815
RegionalCare Hospital Partners Holdings, Inc., 2018 Term Loan B, 11/14/25^(m)			428		395,196

					11,256,680

Health Care Technology — 0.3%
Athenahealth, Inc., 2019 Term Loan B, (3 mo. LIBOR + 4.50%), 5.28%, 02/11/26^(b)			3,722		3,461,658


Hotels, Restaurants & Leisure — 0.1%
Stars Group Holdings BV, 2018 USD Incremental Term Loan, 07/10/25^(m)			895		851,009


Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.99%, 08/12/26^(b)			94		88,734


Industrial Conglomerates — 0.4%
PSAV Holdings LLC, 2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 9.01%, 09/01/25^(b)			1,279		767,499
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.74%, 11/28/21			1,835		1,463,155
Vertiv Group Corp., Term Loan B, 03/02/27^(b)(m)			2,275		1,956,500

					4,187,154

Insurance — 0.4%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.99%, 05/09/25			321		291,077


Security		Par (000)		Value

Insurance (continued)
Hub International Ltd., 2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.69%, 04/25/25	USD		999	$	936,453
Sedgwick Claims Management Services, Inc., :
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 09/03/26			1,273		1,141,265
Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 12/31/25			2,127		1,870,152

					4,238,947

Interactive Media & Services — 0.1%
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24			915		800,782


IT Services — 0.2%
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 10/31/26^(b)			926		870,139
Flexential Intermediate Corp., :
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 4.95%, 08/01/24			874		611,687
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.71%, 08/01/25			420		158,899
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 01/29/27^(b)			1,093		928,884

					2,569,609

Life Sciences Tools & Services — 0.2%
Sotera Health Holdings LLC, 2019 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26			3,055		2,645,435


Machinery — 0.4%
Ingersoll-Rand Global Holding Co. Ltd., 2020 USD Spinco Term Loan, 02/28/27^(m)			583		545,105
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.99%, 09/21/26			1,215		1,002,338
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.45%, 03/28/25			3,886		3,166,778

					4,714,221

Media — 1.6%
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.70%, 08/14/26			1,013		959,891
Clear Channel Outdoor Holdings, Inc., Term Loan B, (1 mo. LIBOR + 3.50%), 4.49%, 08/21/26^(b)			4,278		3,593,306


Security		Par (000)		Value

Media (continued)
Connect Finco Sarl, Term Loan B, (1 mo. LIBOR + 4.50%), 5.49%, 12/12/26	USD		2,415	$	1,889,554
Intelsat Jackson Holdings SA :
2017 Term Loan B3, (6 mo. LIBOR + 3.75%, 1.00% Floor), 5.68%, 11/27/23			559		509,024
2017 Term Loan B4, (6 mo. LIBOR + 4.50%, 1.00% Floor), 6.43%, 01/02/24			1,820		1,663,175
2017 Term Loan B5, (6 mo. LIBOR + 6.63%), 6.63%, 01/02/24			10,040		9,261,655
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.86%, 12/01/23			480		313,856
Terrier Media Buyer, Inc., Term Loan B, (3 mo. LIBOR + 4.25%), 5.70%, 12/17/26^(b)			859		757,841

					18,948,302

Oil & Gas Equipment & Services — 0.2%
McDermott Technology Americas, Inc., :
2020 DIP New Money Term Loan, (3 mo. LIBOR + 9.00%, 1.00% Floor), 10.81%, 10/23/20			920		831,144
2020 SP DIP Roll Up Term Loan, (3 mo. LIBOR + 9.00%), 10.65%, 10/22/20			1,766		1,595,144

					2,426,288

Oil, Gas & Consumable Fuels — 0.3%
California Resources Corp., Second Out Term Loan, (3 mo. LIBOR + 10.37%, 1.00% Floor), 11.99%, 12/31/21			2,433		114,683
Chesapeake Energy Corp., 2019 Last Out Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 06/24/24			8,813		3,393,005
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.49%, 09/27/24			909		590,690

					4,098,378

Pharmaceuticals — 0.3%
Endo Luxembourg Finance Co. I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 5.25%, 04/29/24			1,141		1,018,030
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22			413		392,851


Security		Par (000)		Value

Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.61%, 06/02/25	USD		1,729	$	1,635,775

					3,046,656

Professional Services — 0.1%
Dun & Bradstreet Corp., Term Loan, 02/06/26^(m)			1,817		1,628,128


Software — 1.6%
BMC Software Finance, Inc., 2017 Term Loan, 10/02/25^(m)			736		607,384
Castle US Holding Corp., USD Term Loan B, (1 mo. LIBOR + 3.75%), 5.20%, 01/31/27			1,193		946,204
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, 04/29/24^(m)			989		897,572
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 4.87%, 05/27/24			1,729		1,338,117
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 10/01/25			1,203		1,150,322
Infor (US), Inc., Term Loan B6, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/01/22			229		219,796
Informatica LLC :
2020 USD 2nd Lien Term Loan, (3 mo. LIBOR + 7.13%), 7.13%, 02/25/25^(b)			2,634		2,317,920
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 02/25/27			1,280		1,102,938
Kronos, Inc. :
2017 Term Loan B, 11/01/23^(m)			350		317,796
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 10.01%, 11/01/24			3,635		3,329,202
Mitchell International, Inc., :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 11/29/24			892		736,995
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 8.24%, 12/01/25			613		460,000
Renaissance Holding Corp., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 05/30/25			46		37,693


Security		Par (000)		Value

Software (continued)
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.74%, 08/01/25	USD		720	$	615,252
Solera LLC, Term Loan B, 03/03/23^(m)			512		477,130
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 2.74%, 04/16/25			299		278,888
SS&C Technologies, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 2.74%, 04/16/25			497		463,323
Tempo Acquisition LLC, Term Loan, 05/01/24^(m)			197		175,324
Tibco Software Inc.,^(b):
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 8.24%, 03/04/28			1,218		1,132,740
2020 Term Loan B, 06/30/26^(m)			1,584		1,488,607
Ultimate Software Group, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 4.74%, 05/03/26			571		530,299

					18,623,502

Specialty Retail — 0.1%
PetSmart, Inc., Term Loan B2, 03/11/22^(m)			1,863		1,781,279

Wireless Telecommunication Services — 0.4%
Ligado Networks LLC, :
2015 2nd Lien Term Loan, 0.00%, 12/07/20			9,212		1,381,847
PIK Exit Term Loan (9.75% PIK), 0.00%, 12/07/20^(b)(f)			3,662		2,197,266
Xplornet Communications, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.45%, 09/09/21^(b)			1,155		1,108,542

					4,687,655


Total Floating Rate Loan Interests — 12.8% (Cost — $186,498,640)					149,995,490


Security		Beneficial Interest (000)		Value

Other Interests⁽ⁿ⁾ — 0.0%

Auto Components — 0.0%
Lear Corp. Escrow^(b)	USD		1,250	$	12


Total Other Interests — 0.0% (Cost — $—)					12


		Par (000)

Preferred Securities — 5.9%

Capital Trusts — 5.7%

Banks — 0.8%
AIB Group PLC, 5.25%^(g)(i)	EUR		400		344,264
Allied Irish Banks PLC, 7.38%^(g)(i)			210		224,765
Banco Bilbao Vizcaya Argentaria SA, 8.88%^(g)(i)			200		214,495
Banco de Sabadell SA, 6.50%^(g)(i)			200		160,185
Banco Santander SA^(g)(i):
4.38%			200		164,394
6.75%			200		197,943
Bankia SA, 6.38%^(g)(i)			400		344,032
CaixaBank SA^(g)(i):
5.25%			200		163,781
6.75%			400		358,442
CIT Group, Inc., Series A, 5.80%^(g)(i)	USD		1,647		1,432,890
Erste Group Bank AG, 6.50%^(g)(i)	EUR		200		207,069
ING Groep NV, 6.75%^(g)(i)	USD		200		171,500
Intesa Sanpaolo SpA, 7.75%^(g)(i)	EUR		200		202,849
National Westminster Bank PLC, Series C, 1.83%^(i)(k)	USD		200		153,000
Wells Fargo & Co., Series U, 5.88%^(g)(i)			5,131		5,207,965

					9,547,574

Building Materials — 0.0%
Holcim Finance Luxembourg SA, 3.00%^(g)(i)	EUR		100		95,036


Capital Markets — 0.3%
Morgan Stanley,^(g)(i):
Series H, 4.83%	USD		3,309		2,787,833
Series J, 5.55%			440		382,800
UBS Group AG, 5.75%^(g)(i)	EUR		250		267,453

					3,438,086

Diversified Financial Services — 4.2%
Bank of America Corp.,^(g)(i):
Series AA, 6.10%	USD		8,608		8,694,080
Series DD, 6.30%			432		453,600
Series X, 6.25%			3,534		3,587,010
Series Z, 6.50%			1,634		1,723,870
BNP Paribas SA, 4.50%^(d)(g)(i)			1,480		1,139,600
Credit Suisse Group AG^(d)(g)(i):
5.10%			860		664,350


Security		Par (000)		Value

Diversified Financial Services (continued)
6.25%	USD		200	$	184,250
6.38%			3,145		2,760,367
7.50%			750		691,200
HBOS Capital Funding LP, 6.85%⁽ⁱ⁾			800		753,200
HSBC Holdings PLC, 6.00%^(g)(i)			2,298		2,177,355
JPMorgan Chase & Co.,^(g)(i):
Series 1, 5.24%			1,046		933,827
Series FF, 5.00%			7,650		7,185,186
Series HH, 4.60%			3,186		2,788,387
Series Q, 5.15%			850		807,500
Series S, 6.75%			5,589		5,840,505
Series U, 6.13%			4,228		4,016,600
Series V, 4.75%			3,075		2,669,100
Series X, 6.10%			640		652,160
Royal Bank of Scotland Group PLC, 8.63%^(g)(i)			607		591,825
UniCredit SpA^(g)(i):
6.75%	EUR		200		189,823
7.50%			200		199,902
9.25%			225		232,739

					48,936,436

Diversified Telecommunication Services — 0.2%
Koninklijke KPN NV, 2.00%^(g)(i)			300		307,361
Telefonica Europe BV^(g)(i):
2.63%			300		309,238
3.75%			100		107,197
3.88%			200		206,769
4.38%			600		643,335
5.88%			200		225,606

					1,799,506

Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26			320		329,595


Insurance — 0.0%
Achmea BV, 4.63%^(g)(i)			200		181,356
Assicurazioni Generali SpA, 4.60%^(g)(i)			100		108,084

					289,440

Media — 0.0%
NBCUniversal Enterprise, Inc., 5.25%^(d)(i)	USD		400		400,000


Oil, Gas & Consumable Fuels — 0.0%
Naturgy Finance BV^(g)(i):
3.38%	EUR		100		105,909


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
4.13%	EUR		100	$	108,378

					214,287

Real Estate Management & Development — 0.0%
Citycon OYJ, 4.50%^(g)(i)			100		81,173
TLG Finance Sarl, 3.38%^(g)(i)			200		205,771

					286,944

Utilities — 0.1%
Electricite de France SA^(g)(i):
3.00%			200		205,137
4.00%			200		214,287
6.00%	GBP		100		119,713

					539,137

Wireless Telecommunication Services — 0.1%
Vodafone Group PLC:
4.20%, 10/03/78^(g)	EUR		200		211,757
3.10%, 01/03/79			500		530,081

					741,838


Total Capital Trusts — 5.7%					66,617,879


		Shares

Preferred Stocks — 0.2%

Auto Components — 0.2%
UCI International, Inc., 0.00%^(b)			109,729		1,755,664


Banks — 0.0%
CF-B L2 (D) LLC, (Aquired 04/08/15, cost $649,293), 0.00%^(o)			663,678		268,325


Total Preferred Stocks — 0.2%					2,023,989


Total Preferred Securities—5.9% (Cost — $77,279,419)					68,641,868


Total Long-Term Investments — 143.4% (Cost — $1,893,151,142)					1,677,870,094


Options Purchased — 0.1% (Cost — $1,964,888)					1,534,687


Total Investments Before Options Written — 143.5% (Cost — $1,895,116,030)					1,679,404,781


Options Written — (0.1)% (Premiums Received — $756,883)					(943,789	)


Total Investments, Net of Options Written — 143.4% (Cost — $1,894,359,147)					1,678,460,992

Liabilities in Excess of Other Assets — (43.4)%					(507,770,969	)


Net Assets — 100.0%				$	1,170,690,023

Investments in issuers considered to be an affiliate/affiliates of the Trust during the period ended March 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Description

Paid by the Trust

Received by the Trust

Counterparty

Expiration
Date

Credit

Rating^(a)

Exercise

Rate

Notional
Amount (000)^(b)

Value

Rate

Frequency

Rate

Frequency

Call

Sold Protection on 5-Year Credit Default Swap, 12/20/24

USD

107.50

Quarterly

3-Month LIBOR,
1.45%

Quarterly

Goldman Sachs International

04/15/20

USD

107.50

USD

39,295

380

Sold Protection on 5-Year Credit Default Swap, 12/20/24

USD

107.50

Quarterly

3-Month LIBOR,
1.45%

Quarterly

Morgan Stanley & Co. International PLC

04/15/20

USD

107.50

USD

38,705

375

755


Reference Obligation/Index	Financing Rate Received by the Trust			Payment Frequency		Counterparty	Termination Date		Credit Rating^(a)	Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Casino Guichard Perrachon SA		1.00	%		Quarterly	JPMorgan Chase Bank N.A.		06/20/23	B		EUR	90	$	(15,924	)	$	(6,150	)	$	(9,774	)
Casino Guichard Perrachon SA		1.00			Quarterly	Citibank N.A.		06/20/23	B		EUR	88		(15,629	)		(8,755	)		(6,874	)
Casino Guichard Perrachon SA		1.00			Quarterly	Barclays Bank PLC		06/20/23	B		EUR	124		(21,956	)		(11,051	)		(10,905	)
Casino Guichard Perrachon SA		1.00			Quarterly	Goldman Sachs International		12/20/23	B		EUR	60		(12,176	)		(7,321	)		(4,855	)
CenturyLink, Inc.		1.00			Quarterly	Barclays Bank PLC		12/20/23	NR		USD	856		(54,528	)		(49,902	)		(4,626	)
Chesapeake Energy Corp.		5.00			Quarterly	Barclays Bank PLC		12/20/23	CCC-		USD	368		(321,998	)		534			(322,532	)
Chesapeake Energy Corp.		5.00			Quarterly	Barclays Bank PLC		12/20/23	CCC-		USD	332		(290,498	)		2,431			(292,929	)
Altice SA		5.00			Quarterly	Citibank N.A.		12/20/24	NR		EUR	40		(896	)		4,432			(5,328	)
Garfunkelux Holdco 2 SA		5.00			Quarterly	Credit Suisse International		12/20/24	B-		EUR	50		(13,986	)		(637	)		(13,349	)
Garfunkelux Holdco 2 SA		5.00			Quarterly	Credit Suisse International		12/20/24	B-		EUR	140		(39,160	)		—			(39,160	)
Garfunkelux Holdco 2 SA		5.00			Quarterly	Credit Suisse International		12/20/24	B-		EUR	30		(8,391	)		1,009			(9,400	)
Garfunkelux Holdco 2 SA		5.00			Quarterly	Credit Suisse International		12/20/24	B-		EUR	70		(19,579	)		4,113			(23,692	)
Intrum Justitia AB		5.00			Quarterly	Credit Suisse International		12/20/24	BB+		EUR	90		(19,831	)		2,830			(22,661	)
CenturyLink, Inc.		1.00			Quarterly	Barclays Bank PLC		06/20/25	B+		USD	1,221		(132,797	)		(173,295	)		40,498
Tesco PLC		1.00			Quarterly	Barclays Bank PLC		12/20/25	BBB-		EUR	200		(2,595	)		(4,988	)		2,393
Tesco PLC		1.00			Quarterly	Morgan Stanley & Co. International PLC		12/20/28	BBB-		EUR	290		(17,881	)		(26,099	)		8,218

													$	(987,825	)	$	(272,849	)	$	(714,976	)

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

As of March 31, 2020, certain investments of the Trust were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $478,000,000 are categorized as Level 2 within the disclosure hierarchy.

A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

The Trust’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.


Affiliated Issuer	Shares Held at 12/31/19		Shares Purchased			Shares Sold			Shares Held at 03/31/20		Value at 03/31/20		Income		Net Realized Gain (Loss)^(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class^(b)		—		—	^(c)		—			—	$	—	$	8,094	$	—	$	—
iShares iBoxx USD High Yield Corporate Bond ETF^(b)		427,751		330,000			(757,751	)		—		—		156,483		177,865		(426,425	)

											$	—	$	164,577	$	177,865	$	(426,425	)


Currency Abbreviations

AUD		Australian Dollar

CAD		Canadian Dollar

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviations

CLO		Collateralized Loan Obligation

CR		Custodian Receipt

DIP		Debtor-In-Possession

ETF		Exchange-Traded Fund


Portfolio Abbreviations (continued)

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

PIK		Payment-In-Kind

REIT		Real Estate Investment Trust

S&P		Standard & Poor’s

SPDR		Standard & Poor’s Depository Receipts


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value / Unrealized Appreciation (Depreciation)
Short Contracts
U.S. Long Treasury Bond		54		06/19/20	$	9,669	$	(9,155	)
U.S. Treasury Ultra Bond		111		06/19/20		24,628		21,761

							$	12,606


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
AUD	478,500	USD	288,873	JPMorgan Chase Bank N.A.		04/03/20	$	5,453
AUD	478,000	USD	292,969	Morgan Stanley & Co. International PLC		04/03/20		1,050
CAD	2,244,000	USD	1,583,246	Deutsche Bank AG		04/03/20		11,329
GBP	3,383,000	USD	4,200,356	Natwest Markets PLC		04/03/20		1,722
USD	629,828	AUD	957,000	Morgan Stanley & Co. International PLC		04/03/20		41,175
USD	1,680,884	CAD	2,244,000	State Street Bank and Trust Co.		04/03/20		86,309
USD	63,507	EUR	56,000	BNP Paribas S.A.		04/03/20		1,743
USD	14,773	EUR	13,000	Goldman Sachs International		04/03/20		435
USD	4,488,724	GBP	3,482,000	BNP Paribas S.A.		04/03/20		163,676
USD	46,652,601	EUR	42,227,000	UBS AG		05/05/20		21,235

								334,127

EUR	1,130,000	USD	1,293,803	Morgan Stanley & Co. International PLC		04/03/20		(47,491	)
EUR	42,227,000	USD	46,589,049	UBS AG		04/03/20		(15,589	)
USD	49,017,686	EUR	44,582,000	UBS AG		04/03/20		(153,176	)
USD	288,905	AUD	478,500	JPMorgan Chase Bank N.A.		05/05/20		(5,473	)
USD	293,014	AUD	478,000	Morgan Stanley & Co. International PLC		05/05/20		(1,056	)
USD	1,583,848	CAD	2,244,000	Deutsche Bank AG		05/05/20		(11,336	)
USD	4,203,706	GBP	3,383,000	Natwest Markets PLC		05/05/20		(1,328	)

								(235,449	)

	Net unrealized appreciation						$	98,678


Reference Obligation/Index	Financing Rate Paid by the Trust			Payment Frequency		Counterparty		Termination Date		Notional Amount(000)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Altice Finco SA		5.00	%		Quarterly		Credit Suisse International		12/20/24		EUR	180	$	(1,603	)	$	(23,234	)	$	21,631
Altice Finco SA		5.00			Quarterly		Credit Suisse International		12/20/24		EUR	140		(1,247	)		(14,936	)		13,689

													$	(2,850	)	$	(38,170	)	$	35,320


	Level 1		Level 2			Level 3		Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities	$	—	$	5,002,909		$	—	$	5,002,909
Common Stocks^(a)		13,383,927		74,807			386,052		13,844,786
Corporate Bonds^(a)		87,019		1,440,273,829			24,181		1,440,385,029
Floating Rate Loan Interests^(a)		—		95,091,935			54,903,555		149,995,490
Other Interests		—		—			12		12
Preferred Securities^(a)		—		66,617,879			1,755,664		68,373,543
Options Purchased:
Credit contracts		—		755			—		755
Equity Contracts		1,530,636		—			—		1,530,636
Interest rate contracts		—		3,296			—		3,296

	$	15,001,582	$	1,607,065,410		$	57,069,464	$	1,679,136,456

Investments Valued at NAV^(b)									268,325

								$	1,679,404,781

Derivative Financial Instruments^(c)
Assets:
Credit contracts	$	—	$	86,429		$	—	$	86,429
Forward foreign currency contracts		—		334,127			—		334,127
Interest rate contracts		21,761		—			—		21,761
Liabilities:
Credit contracts		—		(1,522,382	)		—		(1,522,382	)


	Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests		Preferred Securities			Total
Assets:
Opening Balance, as of December 31, 2019	$	2,297,448		$	25,016		$	12,707,738		$	12	$	2,496,335		$	17,526,549
Transfers into Level 3 (a)		—			—			34,485,105			—		—			34,485,105
Transfers out of Level 3		—			—			(587,267	)		—		—			(587,267	)
Accrued discounts/premiums		—			—			140,946			—		—			140,946
Net realized gain (loss)		—			—			(127,180	)		—		—			(127,180	)
Net change in unrealized appreciation (depreciation)^(b)		(1,911,396	)		(835	)		(6,146,986	)		—		(740,671	)		(8,799,888	)
Purchases		—			—			24,108,055			—		—			24,108,055
Sales		—			—			(9,676,856	)		—		—			(9,676,856	)

Closing Balance, as of March 31, 2020	$	386,052		$	24,181		$	54,903,555		$	12	$	1,755,664		$	57,069,464

Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2020^(b)	$	(1,911,396	)	$	(835	)	$	(6,146,986	)	$	—	$	(740,671	)	$	(8,799,888	)