BlackRock Corporate High Yield Fund


Security		Par (000)		Value

Asset-Backed Securities
ALM VII R Ltd., Series 2013-7RA, Class BR, (3 mo. LIBOR US + 2.70%), 2.98%, 10/15/28^(a)(b)	USD		500	$	495,493
Anchorage Capital Europe CLO 2 DAC, Series 2X, Class E, (3 mo. Euribor + 5.66%), 5.66%, 05/15/31^(b)	EUR		203		223,618
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 2.08%, 05/15/30^(a)(b)	USD		500		476,832
CIFC Funding Ltd., Series 2014-4RA, Class B, (3 mo. LIBOR US + 2.20%), 2.47%, 10/17/30^(a)(b)			250		240,628
Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 2.23%, 07/15/31^(a)(b)			250		239,812
Greene King Finance PLC
Series B1, (3 mo. LIBOR GBP + 1.80%), 1.86%, 12/15/34^(c)	GBP		100		112,326
Series B2, (3 mo. LIBOR GBP + 2.08%), 2.14%, 03/15/36^(b)			100		92,905
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32			500		610,069


Total Asset-Backed Securities — 0.2% (Cost: $2,665,840)					2,491,683


		Shares

Common Stocks

Auto Components — 0.0%
Lear Corp.			227		24,754


Building Products — 0.0%
AZEK Co., Inc.^(d)			1,120		38,987


Chemicals — 0.4%
Element Solutions, Inc.^(d)			451,451		4,744,750


Consumer Finance — 0.0%
Arrow Global Group PLC			22,550		36,954


Diversified Financial Services — 0.0%
Ally Financial, Inc.			1		25
Kcad Holdings I Ltd.^(e)			2,223,465,984		22,235

					22,260

Diversified Telecommunication Services — 0.1%
Altice Europe NV^(d)			190,952		909,145
CenturyLink, Inc.			84,328		850,869
Telecom Italia SpA			145,490		58,745

					1,818,759

Energy Equipment & Services^(e)— 0.0%
Osum Oil Sands Corp.			400,000		405,542
Pioneer Energy Services Corp.			5,062		196,573

					602,115

Entertainment — 0.1%
Live Nation Entertainment, Inc.^(d)			19,787		1,066,124


Security		Shares		Value

Equity Real Estate Investment Trusts (REITs) — 0.6%
Gaming and Leisure Properties, Inc.			93,080	$	3,437,444
VICI Properties, Inc.			217,410		5,080,872

					8,518,316

Life Sciences Tools & Services — 0.0%
PPD, Inc.^(d)			7,497		277,314


Media — 0.0%
Clear Channel Outdoor Holdings, Inc.^(d)			527,174		527,174
Emmis Communications Corp., Class A^(d)			7,210		10,959
Mediaco Holding Inc., Class A			912		2,362

					540,495

Metals & Mining — 0.2%
Constellium SE			285,624		2,242,148


Pharmaceuticals — 0.2%
Bausch Health Cos., Inc.^(d)			135,652		2,108,032


Semiconductors & Semiconductor Equipment — 0.0%
Maxeon Solar Technologies Ltd.			128		2,171
SunPower Corp.^(d)			1,025		12,823

					14,994


Total Common Stocks — 1.6% (Cost: $54,371,259)					22,056,002

		Par (000)

Corporate Bonds

Aerospace & Defense — 6.1%
Amsted Industries, Inc., 5.63%, 07/01/27^(a)	USD		890		946,800
Boeing Co.
5.15%, 05/01/30			4,000		4,496,035
5.81%, 05/01/50			6,000		7,258,681
5.93%, 05/01/60			5,000		6,188,197
Bombardier, Inc.^(a)
8.75%, 12/01/21			3,455		3,499,639
5.75%, 03/15/22			404		391,476
6.13%, 01/15/23			1,200		1,026,000
7.50%, 12/01/24			857		657,743
7.50%, 03/15/25			449		336,750
7.88%, 04/15/27			5,442		4,127,430
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,312,560
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(a)			2,295		1,939,275
General Electric Co.
4.25%, 05/01/40			805		816,721
4.35%, 05/01/50			640		652,551
Howmet Aerospace, Inc.
5.87%, 02/23/22			1,363		1,441,645
5.13%, 10/01/24			669		709,140
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(a)			1,810		1,889,568
Rolls-Royce PLC
0.88%, 05/09/24	EUR		100		101,570
1.63%, 05/09/28			100		93,754
Signature Aviation US Holdings, Inc.^(a)
5.38%, 05/01/26	USD		1,467		1,481,670
4.00%, 03/01/28			1,391		1,293,630
Spirit AeroSystems, Inc., 5.50%, 01/15/25			926		926,000


Security		Par (000)		Value

Aerospace & Defense (continued)
SSL Robotics LLC, 9.75%, 12/31/23^(a)	USD		851	$	937,359
TransDigm, Inc.^(a)
8.00%, 12/15/25			3,833		4,168,387
6.25%, 03/15/26			31,017		32,390,898
Triumph Group, Inc., 8.88%, 06/01/24^(a)			3,696		3,936,240
Wolverine Escrow LLC, 9.00%, 11/15/26^(a)			636		524,700

					84,544,419

Air Freight & Logistics — 0.0%
XPO Logistics, Inc., 6.25%, 05/01/25^(a)			565		603,767


Airlines — 0.9%
American Airlines, Inc., 11.75%, 07/15/25^(a)			855		825,075
Delta Air Lines, Inc., 7.00%, 05/01/25^(a)			1,917		2,104,913
Delta Air Lines, Inc./SkyMiles IP Ltd.^(a)
4.50%, 10/20/25			975		1,001,181
4.75%, 10/20/28			2,890		3,000,627
International Consolidated Airlines Group SA, 0.50%, 07/04/23	EUR		100		92,916
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(a)	USD		4,647		4,838,689
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(a)			403		426,473

					12,289,874

Auto Components — 1.5%
Adient US LLC, 9.00%, 04/15/25^(a)			1,088		1,199,520
Clarios Global LP, 6.75%, 05/15/25^(a)			1,321		1,390,352
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26	EUR		301		353,348
6.25%, 05/15/26^(a)	USD		5,983		6,273,475
8.50%, 05/15/27^(a)			7,550		7,795,375
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(a)			1,626		1,658,520
Faurecia SE
2.63%, 06/15/25	EUR		100		115,304
3.75%, 06/15/28			100		116,538
Goodyear Tire & Rubber Co. (The), 9.50%, 05/31/25	USD		1,085		1,177,225
IHO Verwaltungs GmbH^(f)
(4.63% PIK), 3.88%, 05/15/27	EUR		252		295,564
(6.00% Cash or 6.75% PIK), 6.00%, 05/15/27^(a)	USD		200		211,000
ZF Europe Finance BV, 2.00%, 02/23/26	EUR		100		106,918
ZF Finance GmbH
3.00%, 09/21/25			200		228,035
3.75%, 09/21/28			200		226,869

					21,148,043

Automobiles — 3.1%
Allison Transmission, Inc.^(a)
5.00%, 10/01/24	USD		1,327		1,340,350
5.88%, 06/01/29			2,297		2,484,206
Asbury Automotive Group, Inc.^(a)
4.50%, 03/01/28			751		755,694
4.75%, 03/01/30			732		737,490
FCE Bank PLC, 1.62%, 05/11/23	EUR		100		112,848
Fiat Chrysler Automobiles NV
3.88%, 01/05/26			150		190,147
4.50%, 07/07/28			100		133,366
Ford Motor Co.
8.50%, 04/21/23	USD		1,362		1,484,580
4.35%, 12/08/26			240		236,894


Security		Par (000)		Value

Automobiles (continued)
Ford Motor Co. (continued)
4.75%, 01/15/43	USD		426	$	385,711
5.29%, 12/08/46			532		499,083
Ford Motor Credit Co. LLC
3.20%, 01/15/21			200		199,578
5.88%, 08/02/21			1,636		1,666,675
3.81%, 10/12/21			382		382,955
5.60%, 01/07/22			387		395,708
2.98%, 08/03/22			795		783,075
3.09%, 01/09/23			200		195,978
4.14%, 02/15/23			829		834,156
3.10%, 05/04/23			400		390,600
4.38%, 08/06/23			410		416,273
3.81%, 01/09/24			2,063		2,042,370
1.74%, 07/19/24	EUR		100		109,066
4.06%, 11/01/24	USD		200		199,750
5.13%, 06/16/25			2,539		2,618,344
4.13%, 08/04/25			2,166		2,145,239
3.25%, 09/15/25	EUR		100		114,100
2.33%, 11/25/25			300		327,465
4.39%, 01/08/26	USD		507		501,215
General Motors Co.
6.80%, 10/01/27			2,691		3,277,483
5.00%, 10/01/28			254		285,614
5.00%, 04/01/35			655		709,599
6.25%, 10/02/43			710		841,395
5.20%, 04/01/45			808		870,349
5.95%, 04/01/49			1,690		1,980,233
General Motors Financial Co., Inc., 5.65%, 01/17/29			281		327,791
Group 1 Automotive, Inc., 4.00%, 08/15/28^(a)			838		823,335
Jaguar Land Rover Automotive PLC, 4.50%, 01/15/26	EUR		100		97,354
Ken Garff Automotive LLC, 4.88%, 09/15/28^(a)	USD		680		668,950
Navistar International Corp.^(a)
9.50%, 05/01/25			411		463,102
6.63%, 11/01/25			2,739		2,800,627
Nissan Motor Co. Ltd.
3.20%, 09/17/28	EUR		150		177,252
4.81%, 09/17/30^(a)	USD		1,701		1,711,214
Penske Automotive Group, Inc.
3.50%, 09/01/25			1,258		1,252,874
5.50%, 05/15/26			299		308,442
RCI Banque SA, (5 year EUR Swap + 2.85%), 2.63%, 02/18/30^(c)	EUR		100		111,462
Tesla, Inc., 5.30%, 08/15/25^(a)	USD		2,146		2,221,110
Volvo Car AB, 3.00%, 10/14/27			100		117,245
Wabash National Corp., 5.50%, 10/01/25^(a)			2,154		2,154,000

					42,882,347

Banks — 0.4%
Banca Monte dei Paschi di Siena SpA
2.63%, 04/28/25	EUR		125		144,908
(5 year EUR Swap + 8.92%), 8.50%, 09/10/30^(c)			100		112,848
Banco BPM SpA, 2.50%, 06/21/24			100		119,718
Banco de Sabadell SA, (5 year EUR Swap + 2.20%), 2.00%, 01/17/30^(c)			200		203,157
Banco Espirito Santo SA^(d)(g)
4.75%, 01/15/21			1,900		289,595
4.00%, 01/21/21			1,100		167,660


Security		Par (000)		Value

Banks (continued)
CIT Group, Inc.
5.00%, 08/15/22	USD		278	$	286,340
5.00%, 08/01/23			404		419,150
6.00%, 04/01/36			3,261		3,293,610
Commerzbank AG^(c)
(5 year EUR Swap + 4.35%), 4.00%, 12/05/30	EUR		100		119,746
(5 year EUR Swap + 6.36%), 6.13%^(h)			200		228,628
Deutsche Pfandbriefbank AG, 4.60%, 02/22/27			100		118,400
Intesa Sanpaolo SpA, 5.15%, 06/10/30	GBP		125		174,732
Unione di Banche Italiane SpA, (5 year EUR Swap + 5.75%), 5.88%, 03/04/29^(c)	EUR		200		259,065

					5,937,557

Banks: Diversified — 0.1%
Encompass Health Corp.
5.75%, 11/01/24	USD		682		683,023
4.50%, 02/01/28			246		247,230
4.75%, 02/01/30			345		350,016

					1,280,269

Beverages — 2.2%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(a)(f)			4,109		4,087,782
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 5.25%, 08/15/27^(a)			3,429		3,494,151
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 04/30/25^(a)			1,304		1,362,680
2.13%, 08/15/26	EUR		100		113,715
4.13%, 08/15/26^(a)	USD		1,756		1,780,145
4.75%, 07/15/27^(a)	GBP		427		552,203
4.75%, 07/15/27			212		274,162
Ball Corp.
5.25%, 07/01/25	USD		120		135,831
4.88%, 03/15/26			1,126		1,255,490
2.88%, 08/15/30			1,535		1,517,731
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26			155		183,869
Mauser Packaging Solutions Holding Co.
4.75%, 04/15/24	EUR		123		140,229
5.50%, 04/15/24^(a)	USD		2,321		2,329,216
OI European Group BV, 3.13%, 11/15/24	EUR		100		118,267
Silgan Holdings, Inc.
3.25%, 03/15/25			300		355,160
4.13%, 02/01/28	USD		199		203,478
2.25%, 06/01/28	EUR		199		226,901
Trivium Packaging Finance BV
3.75%, 08/15/26			320		370,427
5.50%, 08/15/26^(a)	USD		3,583		3,710,107
8.50%, 08/15/27^(a)			6,881		7,419,266

					29,630,810

Biotechnology — 0.0%
Emergent BioSolutions, Inc., 3.88%, 08/15/28^(a)			393		394,544


Building Materials — 1.4%
Boise Cascade Co., 4.88%, 07/01/30^(a)			717		770,775
Builders FirstSource, Inc., 6.75%, 06/01/27^(a)			682		730,592
Cemex SAB de CV, 3.13%, 03/19/26	EUR		150		176,142
Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(a)	USD		1,221		1,236,739
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25^(a)			1,706		1,802,474
Griffon Corp., 5.75%, 03/01/28			456		475,986


Security		Par (000)		Value

Building Materials (continued)
HT Troplast GmbH, 9.25%, 07/15/25	EUR		128	$	159,258
James Hardie International Finance DAC^(a)
4.75%, 01/15/25	USD		406		414,628
5.00%, 01/15/28			458		477,465
Jeld-Wen, Inc.^(a)
6.25%, 05/15/25			852		907,380
4.63%, 12/15/25			321		322,605
4.88%, 12/15/27			99		100,886
Masonite International Corp.^(a)
5.75%, 09/15/26			701		730,792
5.38%, 02/01/28			342		364,721
Norbord, Inc., 6.25%, 04/15/23^(a)			1,566		1,675,620
Standard Industries, Inc.
2.25%, 11/21/26	EUR		234		262,024
5.00%, 02/15/27^(a)	USD		715		743,600
4.38%, 07/15/30^(a)			2,489		2,551,885
3.38%, 01/15/31^(a)			3,332		3,288,667
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(a)			923		961,074
US Concrete, Inc., 5.13%, 03/01/29^(a)			515		516,288

					18,669,601

Building Products^(a)— 0.4%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27			1,464		1,529,880
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			1,687		1,716,523
SRS Distribution, Inc., 8.25%, 07/01/26			2,201		2,349,567

					5,595,970

Capital Markets — 1.3%
ESC Lehman Brothers Holding Production, 1.00%, 12/31/49^(d)(g)(i)			1,535		16,118
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 02/01/22			452		456,778
6.75%, 02/01/24			40		41,031
4.75%, 09/15/24			591		598,387
6.38%, 12/15/25			532		546,877
6.25%, 05/15/26			3,129		3,261,982
5.25%, 05/15/27			848		883,446
Lehman Brothers Holding Escrow, 1.00%, 09/22/49^(d)(g)(i)			430		4,515
Lehman Brothers Holdings, Inc.^(d)(g)
4.75%, 01/15/21^(e)	EUR		1,890		25,483
1.00%, 02/05/21⁽ⁱ⁾			3,950		53,259
5.38%, 10/17/49			350		4,719
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(f)			220		258,849
LPL Holdings, Inc., 5.75%, 09/15/25^(a)	USD		323		334,688
NFP Corp.^(a)
7.00%, 05/15/25			531		562,860
6.88%, 08/15/28			3,247		3,287,182
Owl Rock Capital Corp.
5.25%, 04/15/24			658		682,681
4.00%, 03/30/25			715		721,325
3.75%, 07/22/25			2,908		2,899,014
4.25%, 01/15/26			996		1,008,978
Pershing Square Holdings Ltd., 5.50%, 07/15/22^(a)			2,100		2,221,406

					17,869,578


Security		Par (000)		Value

Chemicals — 3.2%
Ashland Services BV, 2.00%, 01/30/28	EUR		251	$	279,571
Atotech Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(a)(f)	USD		2,283		2,288,707
Atotech Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(a)			9,638		9,770,522
Axalta Coating Systems LLC, 4.88%, 08/15/24^(a)			651		663,206
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(a)			1,110		1,134,975
Blue Cube Spinco LLC
9.75%, 10/15/23			223		229,969
10.00%, 10/15/25			1,225		1,295,438
Chemours Co., 6.63%, 05/15/23			2,247		2,273,953
Element Solutions, Inc., 3.88%, 09/01/28^(a)			6,072		5,958,150
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(a)			791		806,820
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(a)			1,492		1,603,900
K&S AG, 3.00%, 06/20/22	EUR		100		114,607
Kraton Polymers LLC/Kraton Polymers Capital Corp., 5.25%, 05/15/26			100		118,062
Minerals Technologies, Inc., 5.00%, 07/01/28^(a)	USD		878		908,546
Monitchem HoldCo 2 SA, 9.50%, 09/15/26	EUR		100		120,443
Monitchem HoldCo 3 SA, 5.25%, 03/15/25			222		264,188
NOVA Chemicals Corp., 4.88%, 06/01/24^(a)	USD		456		452,728
OCI NV
3.13%, 11/01/24	EUR		100		116,366
5.25%, 11/01/24^(a)	USD		1,218		1,256,611
3.63%, 10/15/25^(j)	EUR		129		151,246
PQ Corp., 5.75%, 12/15/25^(a)	USD		3,618		3,722,017
Synthomer PLC, 3.88%, 07/01/25	EUR		100		119,297
Valvoline Inc., 4.38%, 08/15/25	USD		680		699,550
Valvoline, Inc., 4.25%, 02/15/30^(a)			629		641,580
WESCO Distribution, Inc.^(a)
7.13%, 06/15/25			3,608		3,930,194
7.25%, 06/15/28			3,271		3,583,953
WR Grace & Co-Conn^(a)
5.63%, 10/01/24			559		593,938
4.88%, 06/15/27			1,473		1,521,167

					44,619,704

Commercial Services & Supplies — 1.3%
ADT Security Corp.
4.13%, 06/15/23			293		306,478
4.88%, 07/15/32^(a)			1,341		1,354,410
APX Group, Inc.
7.88%, 12/01/22			840		840,000
8.50%, 11/01/24			274		289,070
6.75%, 02/15/27^(a)			1,620		1,680,750
ASGN, Inc., 4.63%, 05/15/28^(a)			446		447,838
Ashtead Capital, Inc., 4.00%, 05/01/28^(a)			1,245		1,291,687
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27^(a)			261		279,433
Herc Holdings, Inc., 5.50%, 07/15/27^(a)			2,667		2,759,412
Intertrust Group BV, 3.38%, 11/15/25	EUR		200		238,565
Loxam SAS
4.25%, 04/15/24			100		114,300
3.25%, 01/14/25			268		296,803
3.75%, 07/15/26			115		128,427


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Prime Security Services Borrower LLC/Prime Finance, Inc.^(a)
5.25%, 04/15/24	USD		491	$	514,323
5.75%, 04/15/26			653		698,305
3.38%, 08/31/27			1,993		1,911,775
6.25%, 01/15/28			1,187		1,201,837
United Rentals North America, Inc.
4.63%, 10/15/25			241		246,423
5.88%, 09/15/26			341		359,329
5.50%, 05/15/27			583		618,709
3.88%, 11/15/27			771		794,130
5.25%, 01/15/30			496		541,260
4.00%, 07/15/30			507		519,675
Verisure Holding AB, 3.88%, 07/15/26	EUR		140		164,225
Verisure Midholding AB, 5.75%, 12/01/23			100		117,051

					17,714,215

Communications Equipment^(a)— 0.8%
Avaya, Inc., 6.13%, 09/15/28	USD		3,083		3,143,427
CommScope Technologies LLC, 6.00%, 06/15/25			2,057		2,084,872
CommScope, Inc.
5.50%, 03/01/24			3,375		3,468,049
6.00%, 03/01/26			1,458		1,519,965
8.25%, 03/01/27			168		174,720

					10,391,033

Construction & Engineering — 0.3%
Ferrovial Netherlands BV, (5 year EUR Swap +
2.13%), 2.12%^(c)(h)	EUR		400		439,737
frontdoor, Inc., 6.75%, 08/15/26^(a)	USD		1,382		1,471,830
KBR, Inc., 4.75%, 09/30/28^(a)			955		960,969
ServiceMaster Co. LLC, 5.13%, 11/15/24^(a)			951		972,397
SPIE SA, 2.63%, 06/18/26	EUR		100		116,073
Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/28^(a)	USD		393		396,930

					4,357,936

Construction Materials^(a)— 1.7%
American Builders & Contractors Supply Co., Inc.
5.88%, 05/15/26			1,270		1,317,625
4.00%, 01/15/28			357		362,801
Core & Main LP, 6.13%, 08/15/25			7,720		7,819,781
HD Supply, Inc., 5.38%, 10/15/26			4,681		4,896,513
IAA, Inc., 5.50%, 06/15/27			1,538		1,601,443
KAR Auction Services, Inc., 5.13%, 06/01/25			1,866		1,865,963
Picasso Finance Sub, Inc., 6.13%, 06/15/25			2,624		2,826,415
Williams Scotsman International, Inc., 4.63%, 08/15/28			1,256		1,261,074
Winnebago Industries, Inc., 6.25%, 07/15/28			703		741,665
Wolverine Escrow LLC, 8.50%, 11/15/24			312		255,840

					22,949,120

Consumer Discretionary — 1.0%
Carnival Corp.
11.50%, 04/01/23^(a)			3,254		3,646,579
10.13%, 02/01/26	EUR		101		125,717
10.50%, 02/01/26^(a)	USD		639		707,692
9.88%, 08/01/27^(a)			705		747,011
NCL Corp. Ltd., 10.25%, 02/01/26^(a)			632		658,465
Nielsen Finance LLC/Nielsen Finance Co.^(a)
5.63%, 10/01/28			2,432		2,515,418
5.88%, 10/01/30			1,509		1,561,815


Security		Par (000)		Value

Consumer Discretionary (continued)
Royal Caribbean Cruises Ltd.^(a)
10.88%, 06/01/23	USD		565	$	632,084
9.13%, 06/15/23			884		937,040
11.50%, 06/01/25			1,215		1,409,468
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26	EUR		200		238,591

					13,179,880

Consumer Finance — 3.1%
Encore Capital Group, Inc., 4.88%, 10/15/25			100		116,910
Husky III Holding Ltd., (13.00% Cash or 13.00% PIK), 13.00%, 02/15/25^(a)(f)	USD		1,253		1,296,855
Iron Mountain UK PLC, 3.88%, 11/15/25	GBP		200		260,603
MPH Acquisition Holdings LLC, 7.13%, 06/01/24^(a)	USD		4,502		4,625,130
Navient Corp.
6.13%, 03/25/24			1,359		1,369,192
5.88%, 10/25/24			665		661,263
5.00%, 03/15/27			42		39,439
OneMain Finance Corp.
6.88%, 03/15/25			585		649,160
8.88%, 06/01/25			433		479,548
7.13%, 03/15/26			2,395		2,675,694
6.63%, 01/15/28			720		799,056
5.38%, 11/15/29			113		117,520
Refinitiv US Holdings, Inc.
4.50%, 05/15/26^(a)	EUR		2,465		3,020,547
4.50%, 05/15/26			595		729,098
6.25%, 05/15/26^(a)	USD		318		340,260
8.25%, 11/15/26^(a)			5,788		6,337,860
Sabre GLBL, Inc.^(a)
5.25%, 11/15/23			219		214,073
9.25%, 04/15/25			2,371		2,609,451
7.38%, 09/01/25			1,293		1,305,930
Verscend Escrow Corp., 9.75%, 08/15/26^(a)			9,470		10,296,636
WEX, Inc., 4.75%, 02/01/23^(a)			4,000		4,005,000

					41,949,225

Containers & Packaging — 0.7%
Berry Global, Inc., 1.00%, 01/15/25	EUR		100		112,516
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26	USD		965		998,775
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			2,163		2,244,112
Graham Packaging Co., Inc., 7.13%, 08/15/28^(a)			554		576,852
Graphic Packaging International LLC^(a)
4.75%, 07/15/27			574		621,355
3.50%, 03/15/28			459		457,853
3.50%, 03/01/29			283		284,769
Intelligent Packaging Ltd. Finco Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28^(a)			679		688,540
Intertape Polymer Group, Inc., 7.00%, 10/15/26^(a)			747		784,350
LABL Escrow Issuer LLC, 6.75%, 07/15/26^(a)			2,208		2,329,440
Sealed Air Corp.^(a)
5.13%, 12/01/24			142		153,804


Security		Par (000)		Value

Containers & Packaging (continued)
Sealed Air Corp.^(a)(continued)
6.88%, 07/15/33	USD		700	$	897,750
WEPA Hygieneprodukte GmbH, (3 mo. Euribor + 2.88%), 2.88%, 12/15/26^(b)	EUR		100		114,472

					10,264,588

Diversified Consumer Services — 2.1%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(a)
6.63%, 07/15/26	USD		10,303		10,972,695
9.75%, 07/15/27			3,081		3,347,568
Ascend Learning LLC, 6.88%, 08/01/25			4,706		4,809,061
Brink’s Co., 5.50%, 07/15/25^(a)			632		658,860
Garda World Security Corp.^(a)
4.63%, 02/15/27			1,666		1,674,330
9.50%, 11/01/27			1,004		1,054,200
Graham Holdings Co., 5.75%, 06/01/26^(a)			1,199		1,261,948
Laureate Education, Inc., 8.25%, 05/01/25^(a)			591		626,460
Service Corp. International
5.13%, 06/01/29			937		1,038,318
3.38%, 08/15/30			1,357		1,358,696
Sotheby’s, 7.38%, 10/15/27^(a)			2,000		2,000,000

					28,802,136

Diversified Financial Services — 1.7%
Ally Financial, Inc., 8.00%, 11/01/31			6,309		8,637,807
Arrow Global Finance PLC, 5.13%, 09/15/24	GBP		225		273,890
Barclays PLC, 5.20%, 05/12/26	USD		800		887,000
BNP Paribas SA, 6.50%^(h)			22		22,261
Cabot Financial Luxembourg II SA, (3 mo. Euribor + 6.38%), 6.38%, 06/14/24^(b)	EUR		148		173,110
Cabot Financial Luxembourg SA, 7.50%, 10/01/23	GBP		100		130,110
Citigroup, Inc., Series V, (Secured Overnight Financing Rate + 3.23%), 4.70%^(c)(h)	USD		3,485		3,367,381
Fairstone Financial, Inc., 7.88%, 07/15/24^(a)			852		873,300
Garfunkelux Holdco 3 SA, 7.50%, 08/01/22	EUR		330		356,729
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(a)(f)	USD		1,698		900,838
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(c)(h)			3,780		3,781,134
Intrum AB, 3.50%, 07/15/26	EUR		201		213,864
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(a)
5.25%, 03/15/22	USD		264		258,799
4.25%, 02/01/27			1,504		1,300,960
ProGroup AG, 3.00%, 03/31/26	EUR		100		115,936
Spectrum Brands, Inc.^(a)
5.00%, 10/01/29	USD		566		587,225
5.50%, 07/15/30			792		835,560
UniCredit SpA^(c)
(5 year EUR Swap + 2.80%), 2.73%, 01/15/32	EUR		200		221,007
(5 year EURIBOR ICE Swap Rate + 4.74%), 4.88%, 02/20/29			200		248,253

					23,185,164

Diversified Telecommunication Services — 4.2%
CenturyLink, Inc.
5.13%, 12/15/26^(a)	USD		5,470		5,619,823
4.00%, 02/15/27^(a)			2,696		2,738,893


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
CenturyLink, Inc. (continued)
Series P, 7.60%, 09/15/39	USD		1,857	$	2,098,187
Series U, 7.65%, 03/15/42			2,241		2,504,318
Series W, 6.75%, 12/01/23			1,228		1,346,195
Series Y, 7.50%, 04/01/24			1,254		1,403,979
Cincinnati Bell, Inc.^(a)
7.00%, 07/15/24			1,479		1,522,468
8.00%, 10/15/25			408		430,950
Consolidated Communications, Inc., 6.50%, 10/01/28^(a)(j)			1,037		1,057,740
Frontier Communications Corp.^(a)
8.50%, 04/01/26			934		941,472
8.00%, 04/01/27			6,890		6,866,195
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(a)			370		375,550
Level 3 Financing, Inc.
5.25%, 03/15/26			224		232,053
4.63%, 09/15/27^(a)			662		680,205
4.25%, 07/01/28^(a)			3,754		3,811,511
3.63%, 01/15/29^(a)			2,018		1,992,775
Oi SA, (10% Cash or 8.00% Cash + 4.00% PIK), 10.00%, 07/27/25^(f)			290		278,627
SoftBank Group Corp.
4.00%, 04/20/23	EUR		250		302,785
4.75%, 09/19/24	USD		200		202,500
4.75%, 07/30/25	EUR		515		643,059
3.13%, 09/19/25			500		580,883
5.00%, 04/15/28			500		620,298
4.00%, 09/19/29			100		117,203
Sprint Capital Corp.
6.88%, 11/15/28	USD		2,450		3,062,500
8.75%, 03/15/32			5,408		7,916,285
Switch Ltd., 3.75%, 09/15/28^(a)			1,778		1,795,780
Telecom Italia Capital SA
6.38%, 11/15/33			1,521		1,809,990
6.00%, 09/30/34			2,322		2,693,520
7.20%, 07/18/36			266		335,479
7.72%, 06/04/38			539		716,870
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		83		139,158
Telecom Italia SpA
4.00%, 04/11/24			139		172,749
5.30%, 05/30/24^(a)	USD		2,004		2,169,330
2.75%, 04/15/25	EUR		239		288,169
3.00%, 09/30/25			100		121,788

					57,589,287

Electric Utilities — 0.3%
NextEra Energy Operating Partners LP, 4.25%, 07/15/24^(a)	USD		1,352		1,409,730
PG&E Corp., 5.25%, 07/01/30			1,791		1,732,793
Pike Corp., 5.50%, 09/01/28^(a)			874		879,410

					4,021,933

Electrical Equipment — 0.1%
Gates Global LLC/Gates Global Co., 6.25%, 01/15/26^(a)			1,756		1,810,067


Electronic Equipment, Instruments & Components — 0.7%
Belden, Inc., 3.88%, 03/15/28	EUR		100		117,245
BWX Technologies, Inc.^(a)
5.38%, 07/15/26	USD		200		207,750
4.13%, 06/30/28			1,344		1,374,240


Security		Par (000)		Value

Electronic Equipment, Instruments & Components (continued)
CDW LLC/CDW Finance Corp.
5.50%, 12/01/24	USD		198	$	216,068
4.13%, 05/01/25			1,253		1,293,722
3.25%, 02/15/29			2,062		2,054,267
Energizer Holdings, Inc.^(a)
6.38%, 07/15/26			514		552,653
7.75%, 01/15/27			468		511,290
4.75%, 06/15/28			1,013		1,048,354
4.38%, 03/31/29			96		96,960
Itron, Inc., 5.00%, 01/15/26^(a)			231		236,775
Xerox Corp., 4.80%, 03/01/35			1,375		1,313,125

					9,022,449

Energy Equipment & Services — 0.6%
Archrock Partners LP/Archrock Partners Finance Corp.^(a)
6.88%, 04/01/27			932		892,744
6.25%, 04/01/28			157		147,973
ChampionX Corp., 6.38%, 05/01/26			1,109		1,059,306
Pioneer Energy Services Corp.^(a)(e)(f)
(11.00% PIK), 11.00%, 05/15/25			2,099		1,679,030
(5.00% PIK), 5.00%, 11/15/25^(k)			1,415		764,731
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26			1,918		1,901,218
6.88%, 09/01/27			1,418		1,406,117

					7,851,119

Environmental, Maintenance, & Security Service — 1.4%
Advanced Disposal Services, Inc., 5.63%, 11/15/24^(a)			1,104		1,138,500
Clean Harbors, Inc.^(a)
4.88%, 07/15/27			1,102		1,143,325
5.13%, 07/15/29			1,069		1,159,726
Covanta Holding Corp., 5.00%, 09/01/30			467		471,343
GFL Environmental, Inc.^(a)
4.25%, 06/01/25			487		491,870
3.75%, 08/01/25			1,369		1,376,564
7.00%, 06/01/26			4,001		4,217,854
5.13%, 12/15/26			2,663		2,749,814
8.50%, 05/01/27			1,340		1,453,900
Tervita Corp., 7.63%, 12/01/21^(a)			2,775		2,532,188
Waste Pro USA, Inc., 5.50%, 02/15/26^(a)			2,373		2,401,452

					19,136,536

Equity Real Estate Investment Trusts (REITs) — 2.7%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(a)			1,641		1,293,223
Diversified Healthcare Trust, 9.75%, 06/15/25			1,165		1,295,806
Hilton Domestic Operating Co. Inc., 5.75%, 05/01/28^(a)			600		632,250
Hilton Domestic Operating Co., Inc.
4.25%, 09/01/24			346		344,270
5.38%, 05/01/25^(a)			772		806,200
5.13%, 05/01/26			1,114		1,146,607
4.88%, 01/15/30			2,837		2,922,110
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.63%, 04/01/25			350		353,500
4.88%, 04/01/27			240		243,822


Security		Par (000)		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Host Hotels & Resorts LP, Series I, 3.50%, 09/15/30	USD		620	$	593,470
Iron Mountain, Inc.^(a)
4.88%, 09/15/29			274		278,795
5.25%, 07/15/30			2,169		2,261,182
4.50%, 02/15/31			467		471,390
5.63%, 07/15/32			2,443		2,579,808
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26			386		396,314
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
5.63%, 05/01/24			2,117		2,244,613
4.50%, 09/01/26			2,274		2,307,007
5.75%, 02/01/27			117		126,068
4.50%, 01/15/28			1,964		2,000,825
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27			3,135		3,268,864
4.63%, 08/01/29			3,178		3,306,614
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.Issuer, 5.88%, 10/01/28^(a)			465		463,837
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27			3,036		2,798,949
Service Properties Trust
4.50%, 06/15/23			220		215,750
4.35%, 10/01/24			217		196,385
7.50%, 09/15/25			1,798		1,910,735
Starwood Property Trust, Inc., 5.00%, 12/15/21			1,027		1,016,730
Wyndham Destinations, Inc., 6.63%, 07/31/26^(a)			871		912,468
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(a)			969		939,930

					37,327,522

Food & Staples Retailing — 3.0%
Albertsons Cos., Inc.
5.75%, 03/15/25			172		177,427
5.88%, 02/15/28^(a)			2,805		2,994,337
4.88%, 02/15/30^(a)			909		947,632
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.63%, 01/15/27^(a)			1,524		1,559,341
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertson’s LLC, 3.25%, 03/15/26^(a)			1,678		1,665,113
B&M European Value Retail SA, 3.63%, 07/15/25	GBP		100		131,293
Kraft Heinz Foods Co.
3.88%, 05/15/27^(a)	USD		305		323,059
4.25%, 03/01/31^(a)			4,518		4,956,928
5.00%, 07/15/35			750		863,622
6.88%, 01/26/39			1,474		1,974,361
4.63%, 10/01/39^(a)			497		527,638
6.50%, 02/09/40			980		1,245,500
5.00%, 06/04/42			15		16,427
5.20%, 07/15/45			626		684,364
4.38%, 06/01/46			1,594		1,637,720
4.88%, 10/01/49^(a)			4,984		5,259,702
5.50%, 06/01/50^(a)			7,025		8,051,040
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(a)			1,673		1,806,840
Picard Groupe SAS, (3 mo. Euribor + 3.00%),
3.00%, 11/30/23^(b)	EUR		200		227,446
Post Holdings, Inc.^(a)
5.00%, 08/15/26	USD		110		112,750
5.75%, 03/01/27			4		4,205


Security		Par (000)		Value

Food & Staples Retailing (continued)
Post Holdings, Inc.^(a)(continued)
5.63%, 01/15/28	USD		484	$	513,568
5.50%, 12/15/29			40		42,800
4.63%, 04/15/30			1,457		1,498,889
Premier Foods Finance PLC, 6.25%, 10/15/23	GBP		100		132,209
Quatrim SASU, 5.88%, 01/15/24	EUR		100		111,962
Sysco Corp.
6.60%, 04/01/40	USD		1,100		1,487,783
6.60%, 04/01/50			1,100		1,544,114
TreeHouse Foods, Inc., 4.00%, 09/01/28			405		409,609
U.S. Foods, Inc., 6.25%, 04/15/25^(a)			841		890,409

					41,798,088

Food Products — 0.9%
Aramark Services, Inc.
5.00%, 04/01/25^(a)			20		20,288
6.38%, 05/01/25^(a)			1,371		1,428,136
4.75%, 06/01/26			140		141,652
5.00%, 02/01/28^(a)			914		920,855
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25^(a)			1,755		1,814,266
Darling Ingredients, Inc., 5.25%, 04/15/27^(a)			979		1,027,950
JBS USA LUX SA/JBS USA Finance, Inc.^(a)
5.75%, 06/15/25			2,552		2,624,860
6.75%, 02/15/28			1,116		1,210,860
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29^(a)			1,903		2,112,273
Simmons Foods, Inc., 7.75%, 01/15/24^(a)			1,306		1,368,035

					12,669,175

Gas Utilities — 0.2%
Ferrellgas LP/Ferrellgas Finance Corp., 10.00%, 04/15/25^(a)			2,737		2,962,802


Health Care Equipment & Supplies — 1.7%
Avantor Funding, Inc., 4.63%, 07/15/28^(a)			5,020		5,208,250
Avantor, Inc.
4.75%, 10/01/24	EUR		126		152,709
6.00%, 10/01/24^(a)	USD		6,471		6,762,195
Hologic, Inc.^(a)
4.63%, 02/01/28			714		749,971
3.25%, 02/15/29			471		473,944
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA^(a)
7.38%, 06/01/25			3,136		3,183,040
7.25%, 02/01/28			7,211		7,499,440

					24,029,549

Health Care Providers & Services — 5.6%
Acadia Healthcare Co, Inc., 5.50%, 07/01/28^(a)			1,071		1,101,537
Acadia Healthcare Co., Inc.
5.63%, 02/15/23			240		241,500
5.00%, 04/15/29^(a)(j)			614		619,373
AdaptHealth LLC, 6.13%, 08/01/28^(a)			744		770,189
AHP Health Partners, Inc., 9.75%, 07/15/26^(a)			834		894,465
Centene Corp.
5.38%, 06/01/26^(a)			1,367		1,440,476
5.38%, 08/15/26^(a)			2,015		2,134,238
4.25%, 12/15/27			1,209		1,265,134
4.63%, 12/15/29			5,560		5,997,350
3.38%, 02/15/30			220		228,250
3.00%, 10/15/30^(j)			1,631		1,663,946


Security		Par (000)		Value

Health Care Providers & Services (continued)
CHS/Community Health Systems, Inc.^(a)
8.63%, 01/15/24	USD		3,460	$	3,442,700
6.63%, 02/15/25			1,475		1,427,062
8.00%, 03/15/26			5,769		5,670,927
Encompasss Health Corp., 4.63%, 04/01/31			520		520,000
HCA, Inc.
5.38%, 02/01/25			590		646,050
5.88%, 02/15/26			142		159,040
5.63%, 09/01/28			1,761		2,014,496
5.88%, 02/01/29			2,837		3,305,105
3.50%, 09/01/30			6,759		6,886,610
LifePoint Health, Inc.^(a)
6.75%, 04/15/25			1,050		1,105,125
4.38%, 02/15/27			420		420,525
Molina Healthcare, Inc.
5.38%, 11/15/22			712		744,040
4.38%, 06/15/28^(a)			1,368		1,396,044
Phoenix PIB Dutch Finance BV, 2.38%, 08/05/25	EUR		100		118,103
Polaris Intermediate Corp., (8.50% Cash or 9.25% PIK), 8.50%, 12/01/22^(a)(f)	USD		2,403		2,445,411
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health Inc., 9.75%, 12/01/26^(a)			347		368,688
Surgery Center Holdings, Inc.^(a)
6.75%, 07/01/25			1,992		1,982,040
10.00%, 04/15/27			3,103		3,304,695
Teleflex, Inc.
4.88%, 06/01/26			751		775,407
4.63%, 11/15/27			214		225,235
4.25%, 06/01/28^(a)			2,215		2,292,525
Tenet Healthcare Corp.
8.13%, 04/01/22			3,919		4,357,536
4.63%, 07/15/24			1,378		1,384,890
4.63%, 09/01/24^(a)			1,234		1,244,020
7.50%, 04/01/25^(a)			1,008		1,083,600
4.88%, 01/01/26^(a)			4,422		4,502,304
6.25%, 02/01/27^(a)			559		577,005
5.13%, 11/01/27^(a)			2,492		2,559,782
4.63%, 06/15/28^(a)			737		747,613
6.13%, 10/01/28^(a)			2,410		2,343,725
Vizient, Inc., 6.25%, 05/15/27^(a)			2,585		2,707,787

					77,114,548

Health Care Technology — 0.5%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(a)			6,190		6,278,517


Hotels, Restaurants & Leisure — 5.7%
1011778 BC ULC/New Red Finance, Inc.^(a)
4.25%, 05/15/24			1,045		1,064,280
5.75%, 04/15/25			808		862,540
5.00%, 10/15/25			2,631		2,697,722
3.88%, 01/15/28			1,727		1,759,468
4.38%, 01/15/28			1,701		1,734,680
4.00%, 10/15/30^(j)			71		71,547
Boyd Gaming Corp.
8.63%, 06/01/25^(a)			1,191		1,305,669
6.38%, 04/01/26			585		609,096
4.75%, 12/01/27			931		913,544
Boyne USA, Inc., 7.25%, 05/01/25^(a)			1,136		1,192,800
Caesars Entertainment, Inc.^(a)
6.25%, 07/01/25			7,617		7,961,631


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Caesars Entertainment, Inc.^(a)(continued)
8.13%, 07/01/27	USD		4,556	$	4,829,360
Caesars Resort Collection LLC/CRC Finco, Inc.,
5.75%, 07/01/25^(a)			2,487		2,564,719
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(a)			2,879		2,965,370
Churchill Downs, Inc.^(a)
5.50%, 04/01/27			3,439		3,589,628
4.75%, 01/15/28			1,528		1,535,640
Cirsa Finance International Sarl, 4.75%, 05/22/25	EUR		247		249,920
Codere Finance 2 Luxembourg SA
7.63%, 11/01/21^(a)(d)(g)	USD		200		110,000
12.75%, 09/30/23	EUR		45		52,751
Gamma Bidco SpA, 6.25%, 07/15/25			249		289,021
GLP Capital LP/GLP Financing II, Inc.
5.25%, 06/01/25	USD		1,963		2,131,465
5.38%, 04/15/26			602		667,197
Golden Nugget, Inc., 6.75%, 10/15/24^(a)			6,456		5,390,760
International Game Technology PLC, 3.50%, 07/15/24	EUR		200		230,973
IRB Holding Corp., 7.00%, 06/15/25^(a)	USD		929		990,546
Las Vegas Sands Corp.
2.90%, 06/25/25			238		237,698
3.50%, 08/18/26			259		262,460
3.90%, 08/08/29			239		238,955
MGM Resorts International
7.75%, 03/15/22			3,086		3,252,798
6.00%, 03/15/23			1,243		1,289,494
5.75%, 06/15/25			322		337,714
Newell Brands Inc., 4.88%, 06/01/25			743		801,511
Powdr Corp., 6.00%, 08/01/25^(a)			956		977,510
Scientific Games International, Inc.
8.63%, 07/01/25^(a)			1,054		1,099,823
5.00%, 10/15/25^(a)			2,186		2,196,930
3.38%, 02/15/26	EUR		800		891,062
8.25%, 03/15/26^(a)	USD		3,338		3,485,172
7.00%, 05/15/28^(a)			706		707,728
7.25%, 11/15/29^(a)			241		244,615
SeaWorld Parks & Entertainment, Inc., 9.50%, 08/01/25^(a)			825		857,142
Sisal Group SpA, 7.00%, 07/31/23	EUR		69		81,396
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(a)	USD		4,069		4,328,399
Station Casinos LLC, 4.50%, 02/15/28^(a)			1,147		1,055,240
Stonegate Pub Co. Financing 2019 PLC
8.00%, 07/13/25	GBP		136		157,939
8.25%, 07/31/25			200		238,700
Vail Resorts, Inc., 6.25%, 05/15/25^(a)	USD		811		860,674
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(a)			1,353		1,258,290
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(a)
7.75%, 04/15/25			1,164		1,232,775
5.13%, 10/01/29			1,924		1,832,610
Yum! Brands, Inc.
3.88%, 11/01/23			721		746,235
7.75%, 04/01/25^(a)			2,340		2,595,177
4.75%, 01/15/30^(a)			906		978,480


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc. (continued)
3.63%, 03/15/31	USD		338	$	338,000
5.35%, 11/01/43			30		31,650

					78,386,504

Household Durables — 1.9%
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.63%, 01/15/28^(a)			406		408,030
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp.^(a)
6.25%, 09/15/27			1,234		1,244,396
4.88%, 02/15/30			1,482		1,387,167
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(a)			1,212		1,278,660
Diebold Nixdorf, Inc., 9.38%, 07/15/25^(a)			645		680,475
Hurricane Finance PLC, 8.00%, 10/15/25	GBP		100		134,467
Installed Building Products, Inc., 5.75%, 02/01/28^(a)	USD		723		760,958
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(a)			2,650		2,676,500
Lennar Corp.
4.88%, 12/15/23			968		1,041,810
4.75%, 05/30/25			128		139,697
5.25%, 06/01/26			302		338,995
4.75%, 11/29/27			2,157		2,462,755
Mattamy Group Corp.^(a)
5.25%, 12/15/27			830		852,825
4.63%, 03/01/30			1,141		1,155,377
MDC Holdings, Inc., 6.00%, 01/15/43			716		866,360
Meritage Homes Corp., 5.13%, 06/06/27			286		316,745
NCR Corp.^(a)
8.13%, 04/15/25			565		624,466
5.75%, 09/01/27			761		795,618
5.00%, 10/01/28			563		563,450
6.13%, 09/01/29			815		863,020
5.25%, 10/01/30			576		576,000
PulteGroup, Inc.
5.00%, 01/15/27			106		119,913
7.88%, 06/15/32			94		129,250
6.38%, 05/15/33			2,805		3,527,287
Taylor Morrison Communities, Inc.^(a)
5.88%, 06/15/27			1,482		1,630,200
5.13%, 08/01/30			767		816,855
Toll Brothers Finance Corp., 4.35%, 02/15/28			66		71,610
TRI Pointe Group, Inc., 5.70%, 06/15/28			291		318,645

					25,781,531

Independent Power and Renewable Electricity Producers — 1.9%
Calpine Corp.^(a)
5.25%, 06/01/26			2,409		2,502,662
4.50%, 02/15/28			2,536		2,597,219
5.13%, 03/15/28			7,155		7,405,425
4.63%, 02/01/29			2,845		2,839,666
5.00%, 02/01/31			2,889		2,944,758
Clearway Energy Operating LLC
5.75%, 10/15/25			500		525,000
4.75%, 03/15/28^(a)			1,178		1,216,285
NRG Energy, Inc.
3.75%, 06/15/24^(a)			845		902,045
5.75%, 01/15/28			14		15,102
4.45%, 06/15/29^(a)			2,821		3,108,320


Security		Par (000)		Value

Independent Power and Renewable Electricity Producers (continued)
NRG Energy, Inc. (continued)
5.25%, 06/15/29^(a)	USD		255	$	277,312
TerraForm Power Operating LLC^(a)
4.25%, 01/31/23			595		609,804
4.75%, 01/15/30			1,388		1,467,810

					26,411,408

Insurance — 1.6%
Acrisure LLC/Acrisure Finance, Inc., 8.13%, 02/15/24^(a)			430		450,425
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, 6.75%, 10/15/27^(a)			7,186		7,538,976
AmWINS Group, Inc., 7.75%, 07/01/26^(a)			3,021		3,232,470
Ardonagh Midco 2 PLC, 11.50%, 01/15/27^(a)			378		381,780
Assicurazioni Generali SpA, (3 mo. Euribor + 4.50%), 4.60%^(c)(h)	EUR		100		125,013
Galaxy Bidco Ltd., 6.50%, 07/31/26	GBP		100		131,422
GTCR AP Finance, Inc., 8.00%, 05/15/27^(a)	USD		1,775		1,872,625
HUB International Ltd., 7.00%, 05/01/26^(a)			7,164		7,423,695
Societa Cattolica di Assicurazioni SC, (3 mo. Euribor + 4.46%), 4.25%, 12/14/47^(c)	EUR		100		117,578
Unipol Gruppo SpA, 3.25%, 09/23/30			175		207,309
Willis North America, Inc., 2.95%, 09/15/29	USD		90		96,982

					21,578,275

Interactive Media & Services — 1.0%
Cablevision Lightpath LLC^(a)
3.88%, 09/15/27			866		866,000
5.63%, 09/15/28			1,001		1,015,715
Netflix, Inc.
4.88%, 04/15/28			496		554,280
5.88%, 11/15/28			2,801		3,342,167
3.88%, 11/15/29	EUR		196		253,355
5.38%, 11/15/29^(a)	USD		2,387		2,813,438
3.63%, 06/15/30	EUR		393		498,786
4.88%, 06/15/30^(a)	USD		1,735		1,977,900
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 10.75%, 06/01/28^(a)			485		528,650
Twitter, Inc., 3.88%, 12/15/27^(a)			699		718,222
United Group BV
4.88%, 07/01/24	EUR		199		235,651
3.63%, 02/15/28			166		182,638
(3 mo. Euribor + 3.25%), 3.25%, 02/15/26^(b)			100		110,536

					13,097,338

Internet Software & Services^(a)— 1.3%
Expedia Group, Inc.
6.25%, 05/01/25	USD		2,847		3,139,982
4.63%, 08/01/27			1,210		1,271,438
Go Daddy Operating Co. LLC/GD Finance Co.,
Inc., 5.25%, 12/01/27			1,113		1,158,154
Match Group Holdings II LLC
4.63%, 06/01/28			972		1,001,160
5.63%, 02/15/29			318		342,645
4.13%, 08/01/30			1,400		1,416,184
Uber Technologies, Inc.
7.50%, 11/01/23			1,515		1,578,176
7.50%, 05/15/25			3,847		4,099,325
8.00%, 11/01/26			1,103		1,175,566


Security		Par (000)		Value

Internet Software & Services (continued)
Uber Technologies, Inc. (continued)
7.50%, 09/15/27	USD		1,023	$	1,094,610
6.25%, 01/15/28			1,033		1,061,098

					17,338,338

IT Services — 2.5%
Banff Merger Sub, Inc.
8.38%, 09/01/26	EUR		100		119,004
9.75%, 09/01/26^(a)	USD		8,303		8,777,101
Booz Allen Hamilton, Inc., 3.88%, 09/01/28^(a)			2,178		2,235,826
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26^(a)			2,921		2,973,943
Camelot Finance SA, 4.50%, 11/01/26^(a)			3,763		3,838,260
Castle U.S. Holding Corp., 9.50%, 02/15/28^(a)			1,890		1,802,587
Dun & Bradstreet Corp.^(a)
6.88%, 08/15/26			2,137		2,295,245
10.25%, 02/15/27			1,362		1,539,060
Fair Isaac Corp., 4.00%, 06/15/28^(a)			915		943,594
Presidio Holdings, Inc., 4.88%, 02/01/27^(a)			1,805		1,823,050
Rackspace Technology Global, Inc., 8.63%, 11/15/24^(a)			1,794		1,878,677
Science Applications International Corp., 4.88%, 04/01/28^(a)			1,431		1,452,880
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(a)			4,922		5,023,442

					34,702,669

Leisure Products — 0.3%
Mattel, Inc.
6.75%, 12/31/25^(a)			2,764		2,916,020
5.88%, 12/15/27^(a)			769		827,636
6.20%, 10/01/40			169		163,752
5.45%, 11/01/41			727		679,829

					4,587,237

Machinery — 1.1%
Clark Equipment Co., 5.88%, 06/01/25^(a)			1,375		1,424,844
Colfax Corp.^(a)
6.00%, 02/15/24			1,762		1,825,872
6.38%, 02/15/26			1,004		1,064,240
Mueller Water Products, Inc., 5.50%, 06/15/26^(a)			1,130		1,166,725
Novafives SAS, 5.00%, 06/15/25	EUR		200		169,302
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(a)	USD		932		944,815
Rebecca Bidco GmbH, 5.75%, 07/15/25	EUR		129		151,700
Stevens Holding Co., Inc., 6.13%, 10/01/26^(a)	USD		813		869,910
Terex Corp., 5.63%, 02/01/25^(a)			1,055		1,057,637
Titan Acquisition Ltd/Titan Co-Borrower LLC, 7.75%, 04/15/26^(a)			2,146		2,135,270
Vertical Holdco GmbH, 7.63%, 07/15/28^(a)			970		1,025,169
Vertical Midco GmbH, 4.38%, 07/15/27	EUR		173		205,978
Vertical US Newco, Inc., 5.25%, 07/15/27^(a)	USD		3,533		3,671,723

					15,713,185

Media — 13.8%
Altice Financing SA
2.25%, 01/15/25	EUR		170		190,726
7.50%, 05/15/26^(a)	USD		4,428		4,687,171
3.00%, 01/15/28	EUR		196		212,984
5.00%, 01/15/28^(a)	USD		2,220		2,156,175
Altice Finco SA, 4.75%, 01/15/28	EUR		200		212,213
Altice France Holding SA^(a)
8.00%, 05/15/27			300		372,839
10.50%, 05/15/27	USD		8,178		9,087,803


Security		Par (000)		Value

Media (continued)
Altice France Holding SA^(a)(continued)
6.00%, 02/15/28	USD		2,094	$	1,997,236
AMC Networks, Inc., 4.75%, 08/01/25			1,216		1,256,972
Banijay Entertainment SASU, 3.50%, 03/01/25	EUR		152		173,519
Block Communications, Inc., 4.88%, 03/01/28^(a)	USD		791		806,820
CCO Holdings LLC/CCO Holdings Capital Corp.^(a)
5.13%, 05/01/27			3,264		3,434,446
5.88%, 05/01/27			142		149,086
5.00%, 02/01/28			262		275,100
5.38%, 06/01/29			2,372		2,570,655
4.75%, 03/01/30			1,417		1,500,249
4.50%, 08/15/30			5,597		5,877,102
4.25%, 02/01/31			4,406		4,566,652
4.50%, 05/01/32			5,535		5,777,156
Clear Channel International BV, 6.63%, 08/01/25^(a)			1,965		2,009,802
Clear Channel Worldwide Holdings, Inc.
9.25%, 02/15/24			3,116		3,020,650
5.13%, 08/15/27^(a)			7,494		7,196,114
Connect Finco Sarl/Connect US Finco LLC,
6.75%, 10/01/26^(a)			10,491		10,524,047
CSC Holdings LLC
5.25%, 06/01/24			2,413		2,587,943
5.50%, 05/15/26^(a)			1,242		1,291,680
5.38%, 02/01/28^(a)			240		253,500
5.75%, 01/15/30^(a)			3,498		3,716,625
4.13%, 12/01/30^(a)			2,919		2,975,191
4.63%, 12/01/30^(a)			8,935		9,002,013
3.38%, 02/15/31^(a)			2,209		2,138,864
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/26^(a)			1,569		1,110,068
DISH DBS Corp.
6.75%, 06/01/21			2,590		2,654,750
5.88%, 07/15/22			5,096		5,299,840
5.00%, 03/15/23			1,948		1,986,960
7.75%, 07/01/26			5,508		6,055,275
DISH Network Corp.^(k)
2.38%, 03/15/24			1,680		1,511,916
3.38%, 08/15/26			2,495		2,290,401
Entercom Media Corp., 6.50%, 05/01/27^(a)			2,322		2,020,140
GCI LLC^(a)
6.63%, 06/15/24			869		932,089
4.75%, 10/15/28^(j)			448		453,605
Hughes Satellite Systems Corp., 5.25%, 08/01/26			755		802,686
Informa PLC, 1.25%, 06/10/25			125		146,091
Lamar Media Corp., 4.00%, 02/15/30^(a)			695		695,000
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(a)			3,216		3,360,720
Liberty Broadband Corp., 2.75%, 09/30/50^(a)(k)			3,554		3,823,139
Lions Gate Capital Holdings LLC^(a)
6.38%, 02/01/24			147		145,530
5.88%, 11/01/24			1,016		998,220
Live Nation Entertainment, Inc.
2.50%, 03/15/23^(k)			953		1,061,514
6.50%, 05/15/27^(a)			5,089		5,492,252
Lorca Telecom Bondco SAU, 4.00%, 09/18/27	EUR		105		123,124
Meredith Corp., 6.88%, 02/01/26	USD		382		318,970
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(a)			972		998,730


Security		Par (000)		Value

Media (continued)
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.00%, 08/15/27^(a)	USD		1,741	$	1,697,475
Pinewood Finance Co. Ltd., 3.25%, 09/30/25	GBP		206		264,642
Qualitytech LP/QTS Finance Corp.^(a)
4.75%, 11/15/25	USD		1,450		1,503,940
3.88%, 10/01/28^(j)			1,513		1,522,986
Radiate Holdco LLC/Radiate Finance, Inc.^(a)
4.50%, 09/15/26			3,217		3,216,324
6.50%, 09/15/28			5,233		5,362,582
Sable International Finance Ltd., 5.75%, 09/07/27^(a)			600		625,728
SES SA, (5 year EUR Swap + 5.40%), 5.63%^(c)(h)	EUR		200		247,673
Sirius XM Radio, Inc.^(a)
4.63%, 07/15/24	USD		928		959,900
5.00%, 08/01/27			382		398,235
5.50%, 07/01/29			2,576		2,762,760
4.13%, 07/01/30			2,179		2,219,856
Summer BC Holdco A Sarl, 9.25%, 10/31/27	EUR		180		195,441
Summer BC Holdco B Sarl, 5.75%, 10/31/26			500		574,618
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.75%, 11/15/25^(f)			151		177,644
TEGNA, Inc., 5.50%, 09/15/24^(a)	USD		344		146,652
Tele Columbus AG, 3.88%, 05/02/25	EUR		200		223,232
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(a)	USD		2,000		2,100,000
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(a)			1,427		1,432,779
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(a)			3,350		3,375,125
Univision Communications, Inc.^(a)
5.13%, 02/15/25			800		758,000
6.63%, 06/01/27			2,952		2,881,890
UPCB Finance VII Ltd., 3.63%, 06/15/29	EUR		260		304,837
Videotron Ltd., 5.13%, 04/15/27^(a)	USD		1,786		1,878,872
Virgin Media Finance PLC, 3.75%, 07/15/30	EUR		142		158,965
Virgin Media Secured Finance PLC
5.00%, 04/15/27	GBP		200		269,683
5.50%, 05/15/29^(a)	USD		2,836		3,044,304
4.50%, 08/15/30^(a)			1,798		1,847,337
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28	GBP		100		129,990
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(a)	USD		3,554		3,545,115
VZ Vendor Financing BV, 2.50%, 01/31/24	EUR		318		365,382
WMG Acquisition Corp.^(a)
5.50%, 04/15/26	USD		918		952,425
3.88%, 07/15/30			1,035		1,067,287
3.00%, 02/15/31			344		334,454
Zayo Group Holdings, Inc.^(a)
4.00%, 03/01/27			413		406,485
6.13%, 03/01/28			5,585		5,764,837
Ziggo Bond Co. BV^(a)
6.00%, 01/15/27			291		300,821
5.13%, 02/28/30			1,395		1,412,159
Ziggo BV
4.25%, 01/15/27	EUR		231		281,561
5.50%, 01/15/27^(a)	USD		2,018		2,113,855
2.88%, 01/15/30	EUR		106		121,173
4.88%, 01/15/30^(a)	USD		1,250		1,293,750

					190,543,127


Security		Par (000)		Value

Metals & Mining — 3.3%
ArcelorMittal SA, 4.25%, 07/16/29	USD		88	$	92,604
Arconic Corp.^(a)
6.00%, 05/15/25			1,911		2,040,805
6.13%, 02/15/28			1,359		1,395,523
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(a)			3,999		4,043,589
Constellium SE^(a)
5.75%, 05/15/24			1,060		1,078,550
6.63%, 03/01/25			941		962,761
5.88%, 02/15/26			4,611		4,731,070
5.63%, 06/15/28			1,235		1,260,564
Freeport-McMoRan, Inc.
4.38%, 08/01/28			2,528		2,613,838
4.63%, 08/01/30			2,597		2,730,616
5.45%, 03/15/43			6,723		7,454,328
Grinding Media, Inc./Moly-Cop AltaSteel Ltd.,
7.38%, 12/15/23^(a)			1,645		1,665,562
Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28^(a)			779		819,897
Kaiser Aluminum Corp.^(a)
6.50%, 05/01/25			861		887,510
4.63%, 03/01/28			447		416,827
New Gold, Inc.^(a)
6.38%, 05/15/25			716		739,270
7.50%, 07/15/27			1,854		1,974,510
Novelis Corp.^(a)
5.88%, 09/30/26			2,012		2,067,330
4.75%, 01/30/30			4,149		4,075,231
thyssenkrupp AG
1.88%, 03/06/23	EUR		127		138,925
2.88%, 02/22/24			737		810,306
2.50%, 02/25/25			1		1,076
United States Steel Corp., 12.00%, 06/01/25^(a)	USD		2,681		2,853,898

					44,854,590

Multiline Retail — 0.6%
Dufry One BV
2.50%, 10/15/24	EUR		100		101,222
2.00%, 02/15/27			294		286,360
Macy’s Inc., 8.38%, 06/15/25^(a)	USD		3,524		3,643,569
Marks & Spencer PLC, 4.50%, 07/10/27	GBP		200		255,737
Nordstrom, Inc., 8.75%, 05/15/25^(a)	USD		4,228		4,633,270

					8,920,158

Office Supplies & Equipment — 0.3%
BY Crown Parent LLC, 7.38%, 10/15/24^(a)			4,370		4,435,550


Offshore Drilling & Other Services^(a)— 0.2%
Entegris, Inc.
4.63%, 02/10/26			1,250		1,278,125
4.38%, 04/15/28			1,313		1,349,108

					2,627,233

Oil, Gas & Consumable Fuels — 15.3%
Apache Corp.
4.88%, 11/15/27			1,094		1,033,830
5.10%, 09/01/40			295		264,209
5.25%, 02/01/42			135		120,825
4.75%, 04/15/43			1,832		1,629,335
4.25%, 01/15/44			229		194,650
5.35%, 07/01/49			305		269,163
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22^(a)			6,032		5,941,520


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Baytex Energy Corp., 8.75%, 04/01/27^(a)	USD		1,746	$	787,883
Brand Industrial Services, Inc., 8.50%, 07/15/25^(a)			2,543		2,403,135
Buckeye Partners LP
4.13%, 03/01/25^(a)			151		143,450
3.95%, 12/01/26			302		281,404
4.50%, 03/01/28^(a)			1,312		1,264,440
5.85%, 11/15/43			648		600,272
5.60%, 10/15/44			988		876,321
Callon Petroleum Co.
6.25%, 04/15/23			1,768		565,760
6.13%, 10/01/24			2,185		622,725
8.25%, 07/15/25			739		199,530
6.38%, 07/01/26			796		195,020
Cenovus Energy, Inc.
3.00%, 08/15/22			453		441,570
3.80%, 09/15/23			257		248,259
5.38%, 07/15/25			3,189		3,069,212
5.40%, 06/15/47			188		158,831
Centennial Resource Production LLC, 6.88%, 04/01/27^(a)			1,284		523,230
Cheniere Energy Partners LP
5.63%, 10/01/26			1,400		1,456,000
4.50%, 10/01/29			2,226		2,283,364
5.25%, 10/01/25			329		336,567
Cheniere Energy, Inc., 4.63%, 10/15/28^(a)			6,794		6,972,342
CITGO Petroleum Corp., 7.00%, 06/15/25^(a)			1,453		1,433,021
CNX Resources Corp., 7.25%, 03/14/27^(a)			1,196		1,219,920
Comstock Resources, Inc.
7.50%, 05/15/25^(a)			2,722		2,558,680
9.75%, 08/15/26			2,912		2,988,592
Continental Resources, Inc.
5.00%, 09/15/22			2,304		2,286,904
4.50%, 04/15/23			729		694,737
4.90%, 06/01/44			1,171		881,962
Crestwood Midstream Partners LP/Crestwood
Midstream Finance Corp.
6.25%, 04/01/23			385		376,380
5.63%, 05/01/27^(a)			1,096		979,024
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(a)			5,663		5,337,377
CVR Energy, Inc.^(a)
5.25%, 02/15/25			1,360		1,183,200
5.75%, 02/15/28			460		391,000
DCP Midstream Operating LP
5.38%, 07/15/25			1,417		1,461,040
5.63%, 07/15/27			1,044		1,068,012
5.13%, 05/15/29			39		38,415
6.45%, 11/03/36^(a)			1,282		1,228,515
6.75%, 09/15/37^(a)			2,344		2,250,240
Diamondback Energy, Inc.
4.75%, 05/31/25			710		765,904
3.50%, 12/01/29			3,200		3,102,159
eG Global Finance PLC
4.38%, 02/07/25	EUR		133		147,359
6.75%, 02/07/25^(a)	USD		1,047		1,071,866
6.25%, 10/30/25	EUR		463		540,401
8.50%, 10/30/25^(a)	USD		1,386		1,458,765
Endeavor Energy Resources LP/EER Finance, Inc.^(a)
6.63%, 07/15/25			1,039		1,067,572
5.50%, 01/30/26			3,785		3,756,612


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Endeavor Energy Resources LP/EER Finance, Inc.^(a)(continued)
5.75%, 01/30/28	USD		2,230	$	2,241,150
Energy Transfer Operating LP
3.75%, 05/15/30			320		309,922
6.50%, 02/01/42			1,140		1,194,112
6.00%, 06/15/48			636		639,682
5.00%, 05/15/50			2,965		2,745,315
EnLink Midstream LLC, 5.38%, 06/01/29			474		383,940
EnLink Midstream Partners LP
4.40%, 04/01/24			1,638		1,474,200
4.15%, 06/01/25			108		92,991
4.85%, 07/15/26			297		256,938
5.60%, 04/01/44			1,228		788,990
5.05%, 04/01/45			207		131,445
EQM Midstream Partners LP
6.00%, 07/01/25^(a)			1,338		1,379,812
4.13%, 12/01/26			361		344,028
6.50%, 07/01/27^(a)			1,843		1,953,617
EQT Corp.
3.90%, 10/01/27			1,920		1,767,600
8.75%, 02/01/30			798		941,640
Extraction Oil & Gas, Inc.^(a)(d)(g)
7.38%, 05/15/24			2,593		648,250
5.63%, 02/01/26			2,937		734,250
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23			579		525,443
5.63%, 06/15/24			201		171,318
6.50%, 10/01/25			350		302,750
7.75%, 02/01/28			188		163,344
Great Western Petroleum LLC/Great Western
Finance Corp., 9.00%, 09/30/21^(a)			1,813		1,056,073
Harvest Midstream I LP, 7.50%, 09/01/28^(a)			1,530		1,522,350
Hess Midstream Operations LP^(a)
5.63%, 02/15/26			1,075		1,095,135
5.13%, 06/15/28			862		860,379
Holly Energy Partners LP/Holly Energy Finance
Corp., 5.00%, 02/01/28^(a)			1,252		1,220,700
Indigo Natural Resources LLC, 6.88%, 02/15/26^(a)			2,559		2,490,624
Ithaca Energy North Sea PLC, 9.38%, 07/15/24^(a)			200		186,000
Kinder Morgan Energy Partners LP
4.70%, 11/01/42			1,500		1,621,157
5.00%, 03/01/43			600		668,545
Kinder Morgan, Inc., 5.55%, 06/01/45			535		635,095
MasTec, Inc., 4.50%, 08/15/28^(a)			1,282		1,294,820
Matador Resources Co., 5.88%, 09/15/26			3,623		3,028,647
MEG Energy Corp.^(a)
7.00%, 03/31/24			2,507		2,331,510
6.50%, 01/15/25			2,555		2,506,251
7.13%, 02/01/27			1,017		912,076
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., 4.63%, 06/15/25^(a)			2,268		2,313,360
MPLX LP
2.65%, 08/15/30			2,085		2,035,093
5.20%, 03/01/47			500		545,173
4.70%, 04/15/48			420		426,259
5.50%, 02/15/49			1,285		1,443,215
Murphy Oil Corp.
5.75%, 08/15/25			833		726,688
6.38%, 12/01/42			141		110,685


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Murphy Oil USA, Inc., 4.75%, 09/15/29	USD		1,023	$	1,089,495
New Enterprise Stone & Lime Co. Inc., 9.75%, 07/15/28^(a)			438		473,040
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26^(a)			480		494,400
New Fortress Energy, Inc., 6.75%, 09/15/25^(a)			4,523		4,728,796
NGPL PipeCo LLC, 7.77%, 12/15/37^(a)			1,640		2,087,561
NuStar Logistics LP
5.75%, 10/01/25			719		742,583
6.00%, 06/01/26			908		910,561
Occidental Petroleum Corp.
2.70%, 08/15/22			2,240		2,092,989
2.90%, 08/15/24			1,295		1,098,717
3.20%, 08/15/26			90		71,381
3.00%, 02/15/27			25		19,606
4.30%, 08/15/39			2,394		1,659,425
6.20%, 03/15/40			3,492		2,893,471
4.50%, 07/15/44			1,099		786,472
4.63%, 06/15/45			2,702		1,952,195
6.60%, 03/15/46			57		49,091
4.40%, 04/15/46			2,413		1,713,737
4.10%, 02/15/47			273		184,302
4.20%, 03/15/48			1,598		1,098,625
4.40%, 08/15/49			472		330,450
Parkland Corp., 5.88%, 07/15/27^(a)			1,223		1,285,679
Parsley Energy LLC/Parsley Finance Corp.^(a)
5.38%, 01/15/25			1,806		1,801,485
5.25%, 08/15/25			408		403,920
5.63%, 10/15/27			937		932,315
4.13%, 02/15/28			1,738		1,633,720
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25^(a)			3,741		3,834,600
PDC Energy, Inc.
1.13%, 09/15/21^(k)			1,043		989,126
6.13%, 09/15/24			978		931,545
6.25%, 12/01/25			298		277,140
5.75%, 05/15/26			1,632		1,515,394
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29			864		835,036
3.80%, 09/15/30			930		901,804
6.65%, 01/15/37			535		585,415
5.15%, 06/01/42			215		202,919
4.30%, 01/31/43			210		177,961
4.90%, 02/15/45			440		401,564
QEP Resources, Inc.
5.38%, 10/01/22			2,639		2,163,980
5.25%, 05/01/23			1,885		1,371,337
5.63%, 03/01/26			721		409,168
Range Resources Corp.
5.88%, 07/01/22			230		223,100
5.00%, 08/15/22			1,313		1,266,651
5.00%, 03/15/23			906		860,700
Rattler Midstream LP, 5.63%, 07/15/25^(a)			1,222		1,231,165
Sabine Pass Liquefaction LLC, 4.50%, 05/15/30^(a)			1,788		2,014,095
SM Energy Co.
6.13%, 11/15/22			203		157,928
10.00%, 01/15/25^(a)			4,029		3,827,550
Southwestern Energy Co.
4.10%, 03/15/22			1,362		1,344,975
7.50%, 04/01/26			331		323,553


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Southwestern Energy Co. (continued)
8.38%, 09/15/28	USD		500	$	491,305
Sunoco Logistics Partners Operations LP
4.00%, 10/01/27			940		960,581
5.30%, 04/01/44			600		559,014
5.40%, 10/01/47			1,225		1,156,604
Sunoco LP/Sunoco Finance Corp.
4.88%, 01/15/23			1,170		1,175,850
5.50%, 02/15/26			27		26,966
6.00%, 04/15/27			339		348,323
5.88%, 03/15/28			808		826,180
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(a)
5.50%, 09/15/24			1,597		1,501,180
7.50%, 10/01/25			711		713,880
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23			637		630,630
5.13%, 02/01/25			245		244,388
5.88%, 04/15/26			1,082		1,110,889
5.38%, 02/01/27			188		189,057
6.50%, 07/15/27			786		819,405
5.00%, 01/15/28			1,547		1,508,325
6.88%, 01/15/29			1,193		1,276,152
5.50%, 03/01/30^(a)			1,677		1,678,761
4.88%, 02/01/31^(a)			1,568		1,518,490
Transocean, Inc., 11.50%, 01/30/27^(a)			965		395,843
UGI International LLC, 3.25%, 11/01/25	EUR		100		118,406
Viper Energy Partners LP, 5.38%, 11/01/27^(a)	USD		1,246		1,227,310
Western Midstream Operating LP
4.00%, 07/01/22			172		173,019
4.10%, 02/01/25			388		369,570
3.95%, 06/01/25			907		852,399
4.65%, 07/01/26			660		641,850
4.75%, 08/15/28			258		248,062
5.05%, 02/01/30			908		883,725
5.45%, 04/01/44			1,518		1,297,890
5.30%, 03/01/48			2,281		1,836,205
5.50%, 08/15/48			392		323,400
6.25%, 02/01/50			1,758		1,628,347
Williams Cos., Inc.
5.80%, 11/15/43			1,500		1,759,213
5.10%, 09/15/45			340		381,292
WPX Energy, Inc.
8.25%, 08/01/23			1,006		1,136,780
5.75%, 06/01/26			326		337,410
5.25%, 10/15/27			536		544,040
5.88%, 06/15/28			1,088		1,136,960
4.50%, 01/15/30			2,407		2,366,406

					210,165,905

Personal Products — 0.1%
Coty, Inc.
4.00%, 04/15/23	EUR		100		97,900
4.75%, 04/15/26			100		90,797
6.50%, 04/15/26^(a)	USD		100		78,500
Edgewell Personal Care Co., 5.50%, 06/01/28^(a)			919		966,999

					1,234,196


Security		Par (000)		Value

Pharmaceuticals — 4.0%
Bausch Health Americas, Inc.^(a)
9.25%, 04/01/26	USD		306	$	336,600
8.50%, 01/31/27			4,211		4,626,836
Bausch Health Cos., Inc.
5.50%, 03/01/23^(a)			533		531,001
4.50%, 05/15/23	EUR		2,565		2,979,251
5.88%, 05/15/23^(a)	USD		64		63,680
6.13%, 04/15/25^(a)			3,258		3,335,378
5.50%, 11/01/25^(a)			779		799,449
9.00%, 12/15/25^(a)			1,393		1,515,305
5.75%, 08/15/27^(a)			1,292		1,371,135
7.00%, 01/15/28^(a)			1,393		1,476,580
5.00%, 01/30/28^(a)			1,385		1,345,181
6.25%, 02/15/29^(a)			2,823		2,903,625
7.25%, 05/30/29^(a)			2,892		3,116,130
5.25%, 01/30/30^(a)			1,265		1,246,025
Catalent Pharma Solutions, Inc.
5.00%, 07/15/27^(a)			1,141		1,186,640
2.38%, 03/01/28	EUR		432		486,102
Charles River Laboratories International, Inc.^(a)
5.50%, 04/01/26	USD		135		142,088
4.25%, 05/01/28			1,662		1,744,252
Cheplapharm Arzneimittel GmbH, 3.50%, 02/11/27	EUR		166		187,328
Diocle SpA, (3 mo. Euribor + 3.88%), 3.88%, 06/30/26^(b)(j)			104		120,188
Elanco Animal Health, Inc., 5.90%, 08/28/28	USD		1,026		1,185,030
Endo Dac/Endo Finance LLC/Endo Finco, Inc.^(a)
9.50%, 07/31/27			837		874,665
6.00%, 06/30/28			687		504,945
IQVIA, Inc.
3.25%, 03/15/25	EUR		800		943,325
5.00%, 10/15/26^(a)	USD		1,504		1,571,680
5.00%, 05/15/27^(a)			1,811		1,898,960
Jaguar Holding Co. II/PPD Development LP^(a)
4.63%, 06/15/25			3,116		3,209,480
5.00%, 06/15/28			3,019		3,151,081
MEDNAX, Inc.^(a)
5.25%, 12/01/23			933		944,663
6.25%, 01/15/27			1,163		1,206,566
Nidda BondCo GmbH
5.00%, 09/30/25	EUR		100		113,709
7.25%, 09/30/25			337		401,042
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24			344		392,756
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(a)	USD		6,093		6,383,514
Rossini Sarl, 6.75%, 10/30/25	EUR		201		247,563
Synlab Bondco PLC, (3 mo. Euribor + 4.75%), 4.75%, 07/01/25^(b)			275		325,858
Teva Pharmaceutical Finance Netherlands II BV
1.88%, 03/31/27			100		98,376
1.63%, 10/15/28			100		92,440
West Street Merger Sub, Inc., 6.38%, 09/01/25^(a)	USD		2,240		2,284,330

					55,342,757

Producer Durables: Miscellaneous — 1.5%
ACI Worldwide, Inc., 5.75%, 08/15/26^(a)			3,505		3,701,491
Boxer Parent Co., Inc.
6.50%, 10/02/25	EUR		373		450,933
7.13%, 10/02/25^(a)	USD		2,034		2,172,434


Security		Par (000)		Value

Producer Durables: Miscellaneous (continued)
Boxer Parent Co., Inc. (continued)
9.13%, 03/01/26^(a)	USD		3,346	$	3,546,760
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24^(a)			5,286		5,597,874
Open Text Corp., 3.88%, 02/15/28^(a)			1,616		1,634,681
Open Text Holdings, Inc., 4.13%, 02/15/30^(a)			2,525		2,596,811
Sophia LP/Sophia Finance, Inc., 9.00%, 09/30/23^(a)			625		625,375

					20,326,359

Professional Services^(a)— 0.3%
Gartner, Inc.
4.50%, 07/01/28			1,775		1,865,969
3.75%, 10/01/30			2,238		2,263,849

					4,129,818

Real Estate Management & Development — 0.7%
ADLER Real Estate AG
1.50%, 04/17/22	EUR		100		113,727
3.00%, 04/27/26			200		229,800
ADO Properties SA, 3.25%, 08/05/25			200		236,336
Consus Real Estate AG, 9.63%, 05/15/24			200		249,277
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28^(a)	USD		1,654		1,717,100
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24	EUR		100		107,760
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(a)	USD		2,113		2,111,943
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(a)			412		415,090
Heimstaden Bostad AB, (5 year EUR Swap + 3.67%), 3.25%^(c)(h)	EUR		100		117,245
Howard Hughes Corp.^(a)
5.38%, 03/15/25	USD		1,428		1,450,991
5.38%, 08/01/28			1,769		1,768,098
Peach Property Finance GmbH, 3.50%, 02/15/23	EUR		179		208,362
Realogy Group LLC/Realogy Co-Issuer Corp.,
7.63%, 06/15/25^(a)	USD		684		716,490
Summit Properties Ltd., 2.00%, 01/31/25	EUR		145		159,903

					9,602,122

Road & Rail — 0.1%
Autostrade per l’Italia SpA
6.25%, 06/09/22	GBP		100		135,946
5.88%, 06/09/24	EUR		300		390,426
1.88%, 11/04/25			100		112,395
CMA CGM SA, 6.50%, 07/15/22			100		115,899

					754,666

Semiconductors & Semiconductor Equipment — 1.8%
ams AG, 6.00%, 07/31/25			340		420,478
Broadcom, Inc.
5.00%, 04/15/30	USD		4,980		5,874,394
4.30%, 11/15/32			2,555		2,918,809
Infineon Technologies AG, (5 year EUR Swap + 3.39%), 2.88%^(c)(h)	EUR		200		232,731
Microchip Technology, Inc., 4.25%, 09/01/25^(a)	USD		5,208		5,403,606
ON Semiconductor Corp., 3.88%, 09/01/28^(a)			1,700		1,723,928


Security		Par (000)		Value

Semiconductors & Semiconductor Equipment (continued)
Qorvo, Inc.
5.50%, 07/15/26	USD		285	$	302,260
3.38%, 04/01/31^(a)			1,808		1,837,380
Sensata Technologies BV^(a)
5.63%, 11/01/24			1,400		1,519,000
5.00%, 10/01/25			2,021		2,172,575
Sensata Technologies, Inc.^(a)
4.38%, 02/15/30			994		1,043,700
3.75%, 02/15/31			1,304		1,295,850

					24,744,711

Software — 2.4%
ANGI Group LLC, 3.88%, 08/15/28^(a)			1,361		1,347,390
Black Knight InfoServ LLC, 3.63%, 09/01/28^(a)			1,997		2,018,218
CDK Global, Inc.
4.88%, 06/01/27			478		503,095
5.25%, 05/15/29^(a)			614		653,910
MSCI, Inc.^(a)
4.75%, 08/01/26			181		187,788
4.00%, 11/15/29			455		477,750
3.63%, 09/01/30			682		699,582
3.88%, 02/15/31			2,145		2,235,519
Nuance Communications, Inc., 5.63%, 12/15/26			1,127		1,188,985
PTC, Inc.^(a)
3.63%, 02/15/25			957		971,355
4.00%, 02/15/28			1,163		1,195,360
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(a)			11,061		11,558,745
SS&C Technologies, Inc., 5.50%, 09/30/27^(a)			5,736		6,095,762
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(a)			1,117		1,170,057
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(a)			3,135		3,232,969

					33,536,485

Specialty Retail — 1.0%
Douglas GmbH, 6.25%, 07/15/22	EUR		100		107,279
Gap, Inc., 8.88%, 05/15/27^(a)	USD		932		1,060,150
L Brands, Inc.
6.88%, 07/01/25^(a)			2,244		2,423,520
6.63%, 10/01/30^(a)			737		749,897
6.88%, 11/01/35			2,579		2,541,102
6.75%, 07/01/36			384		376,320
Michaels Stores, Inc., 4.75%, 10/01/27^(a)(j)			807		799,939
PetSmart, Inc.^(a)
7.13%, 03/15/23			1,851		1,867,196
5.88%, 06/01/25			1,130		1,156,668
Staples, Inc., 7.50%, 04/15/26^(a)			3,468		3,204,987
Tendam Brands SAU, (3 mo. Euribor + 5.25%), 5.25%, 09/15/24^(b)	EUR		100		95,100

					14,382,158

Technology Hardware, Storage & Peripherals — 0.0%
Seagate HDD Cayman, 4.13%, 01/15/31^(a)	USD		370		399,301


Telecommunications Equipment — 0.5%
Nokia OYJ
3.38%, 06/12/22			714		729,637
4.38%, 06/12/27			439		466,163


Security		Par (000)		Value

Telecommunications Equipment (continued)
ViaSat, Inc.^(a)
5.63%, 04/15/27	USD		3,467	$	3,566,676
6.50%, 07/15/28			1,907		1,909,765

					6,672,241

Textiles, Apparel & Luxury Goods — 0.3%
European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21^(k)	EUR		200		102,648
Hanesbrands, Inc., 5.38%, 05/15/25^(a)	USD		702		740,610
Levi Strauss & Co., 5.00%, 05/01/25			1,284		1,313,692
William Carter Co.^(a)
5.50%, 05/15/25			377		394,908
5.63%, 03/15/27			543		566,756
Wolverine World Wide Inc., 6.38%, 05/15/25^(a)			391		412,505

					3,531,119

Thrifts & Mortgage Finance — 0.3%
Genworth Mortgage Holdings, Inc., 6.50%, 08/15/25^(a)			2,057		2,148,948
MGIC Investment Corp., 5.25%, 08/15/28			1,013		1,044,834
Nationstar Mortgage Holdings, Inc.^(a)
6.00%, 01/15/27			92		93,781
5.50%, 08/15/28			1,314		1,312,357

					4,599,920

Transportation Infrastructure — 0.0%
Heathrow Finance PLC, 4.13%, 09/01/29	GBP		215		253,566
Rubis Terminal Infra SAS, 5.63%, 05/15/25	EUR		154		186,155

					439,721

Utilities — 0.3%
ContourGlobal Power Holdings SA, 4.13%, 08/01/25			227		268,089
Drax Finco PLC, 4.25%, 05/01/22	GBP		100		129,378
Orano SA, 2.75%, 03/08/28	EUR		100		115,686
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(a)	USD		2,943		3,053,362
Vistra Operations Co. LLC, 3.55%, 07/15/24^(a)			30		31,959

					3,598,474

Wireless Telecommunication Services — 4.1%
Altice France SA
2.50%, 01/15/25	EUR		169		188,732
7.38%, 05/01/26^(a)	USD		5,120		5,365,248
5.88%, 02/01/27	EUR		100		123,781
8.13%, 02/01/27^(a)	USD		5,777		6,296,930
5.50%, 01/15/28^(a)			2,881		2,917,012
4.13%, 01/15/29	EUR		100		117,169
5.13%, 01/15/29^(a)	USD		794		791,023
GLP Capital LP/GLP Financing II, Inc.
5.30%, 01/15/29			180		200,461
4.00%, 01/15/31			1,490		1,551,135
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(a)			76		81,244
Matterhorn Telecom SA
2.63%, 09/15/24	EUR		100		114,068
4.00%, 11/15/27			200		230,973
PPF Telecom Group BV, 3.25%, 09/29/27			250		291,676
SBA Communications Corp., 3.88%, 02/15/27^(a)	USD		6,927		7,030,905
Sprint Corp.
7.88%, 09/15/23			2,705		3,107,369
7.13%, 06/15/24			1,280		1,472,781
7.63%, 02/15/25			1,642		1,921,140


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
Sprint Corp. (continued)
7.63%, 03/01/26	USD		1,050	$	1,268,804
T-Mobile USA, Inc.
6.50%, 01/15/26			1,494		1,561,230
4.50%, 02/01/26			1,408		1,450,803
4.75%, 02/01/28			941		1,006,625
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC
6.00%, 04/15/23^(a)			1,156		1,162,502
8.25%, 10/15/23			1,242		1,223,370
7.88%, 02/15/25^(a)			1,089		1,154,019
VICI Properties LP/VICI Note Co., Inc.^(a)
3.50%, 02/15/25			977		967,235
4.25%, 12/01/26			3,706		3,723,233
3.75%, 02/15/27			2,568		2,525,063
4.63%, 12/01/29			1,285		1,307,487
4.13%, 08/15/30			6,027		5,929,061
Vmed O2 UK Financing I PLC, 3.25%, 01/31/31	EUR		200		233,024
VTR Comunicaciones SpA, 5.13%, 01/15/28^(a)	USD		1,065		1,097,582

					56,411,685


Total Corporate Bonds — 123.4% (Cost: $1,653,231,095)					1,698,720,153


Floating Rate Loan Interests

Aerospace & Defense — 0.1%
Spirit Aerosystems, Inc., Term Loan B, (1 mo. LIBOR + 5.25%), 6.00%, 01/31/25^(e)			1,033		1,030,417
WP CPP Holdings LLC, 2018 Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 04/30/25^(b)			324		281,776

					1,312,193

Airlines^(b)— 0.2%
Delta Air Lines, Inc., 2020 1st Lien Term Loan B, 09/16/27^(l)			1,648		1,658,893
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24			311		308,406
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27			962		976,969

					2,944,268

Auto Components — 0.1%
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 04/30/26^(b)			1,454		1,414,876


Banks — 0.0%
Capri Finance LLC, USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 11/01/24^(b)			57		56,808


Building Products — 0.0%
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/05/24^(b)			359		357,703


Capital Markets — 0.0%
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 06/03/26^(b)(e)			651		623,599


Security		Par (000)		Value

Chemicals^(b)— 0.7%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/24	USD		3,617	$	3,554,754
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 08/27/26			2,362		2,352,290
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/16/24			468		456,222
Illuminate Buyer LLC, Term Loan, (1 Week LIBOR + 4.00%), 4.15%, 06/30/27			2,177		2,156,601
Invictus US LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.90%, 03/30/26			327		304,549
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 05/15/24			462		441,575

					9,265,991

Commercial Services & Supplies^(b)— 0.9%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.00%, 11/10/23			241		240,953
Asurion LLC, 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 6.65%, 08/04/25			2,788		2,788,707
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/12/25			493		480,941
Diamond (BC) BV, USD Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 09/06/24			2,629		2,451,163
GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/30/25			859		854,000
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/27/25			6,195		6,125,079

					12,940,843

Construction & Engineering^(b)— 0.9%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24			10,939		10,157,689
SRS Distribution, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.15%, 05/23/25			1,784		1,733,666

					11,891,355

Construction Materials — 0.0%
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23^(b)			477		471,448


Containers & Packaging — 0.1%
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.52%, 04/03/24^(b)			1,660		1,555,152


Diversified Consumer Services^(b)— 0.1%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 01/31/27			368		361,791
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24			563		554,399
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27			748		743,587

					1,659,777

Diversified Financial Services — 0.2%
Milano Acquisition Corp., Term Loan B, (1 mo. LIBOR + 5.25%), 5.25%, 08/17/27			2,539		2,507,263


Security		Par (000)		Value

Diversified Telecommunication Services^(b)— 1.7%
Frontier Communications Corp., 2017 Term Loan B1, (PRIME + 2.75%), 6.00%, 06/15/24	USD		9,722	$	9,542,565
Intelsat Jackson Holdings SA
2017 Term Loan B4, (PRIME + 5.50%), 8.75%, 01/02/24			1,899		1,911,063
2017 Term Loan B5, (Fixed + 8.62%), 8.63%, 01/02/24			10,040		10,127,582
Northwest Fiber LLC, Term Loan B, (3 mo. LIBOR + 5.50%), 5.66%, 04/30/27			1,325		1,321,368

					22,902,578

Food Products — 0.0%
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23^(b)			662		653,718


Health Care Equipment & Supplies^(b)— 0.1%
Ortho-Clinical Diagnostics SA 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 06/30/25			775		740,178
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		995		1,118,466

					1,858,644

Health Care Providers & Services^(b)— 1.0%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25	USD		943		941,296
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.24%, 01/08/27			1,143		1,130,850
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 10/10/25			3,840		2,761,185
EyeCare Partners LLC, 2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.40%, 02/18/28			3,500		3,080,000
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 07/02/25			1,294		1,265,827
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 9.25%, 04/29/25			1,185		1,097,576
RegionalCare Hospital Partners Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 11/17/25			511		495,261
Sotera Health Holdings LLC, 2019 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26			3,040		3,024,513
Surgery Center Holdings, Inc., 2020 Incremental Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 09/03/24			92		92,573

					13,889,081

Health Care Services — 0.1%
Emerald TopCo., Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.76%, 07/25/26^(b)			990		951,422


Hotels, Restaurants & Leisure^(b)— 0.1%
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.50%), 3.25%, 10/04/23			1,576		1,401,092
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23^(e)			292		329,698

					1,730,790


Security		Par (000)		Value

Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.15%, 08/12/26^(b)	USD		94	$	91,095


Industrial Conglomerates^(b)— 0.2%
PSAV Holdings LLC, 2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.25%, 09/01/25			1,279		348,573
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23			1,876		1,774,890

					2,123,463

Insurance^(b)— 0.4%
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.00%, 09/01/27			1,059		1,047,753
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/31/25			2,117		2,038,377
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.15%, 09/03/26			1,267		1,246,577
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			1,090		1,080,728

					5,413,435

Interactive Media & Services^(b)— 0.1%
Camelot US Acquisition 1 Co., 2020 Incremental Term Loan B, 10/31/26^(l)			643		639,515
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/03/23			122		119,859
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24			911		883,587

					1,642,961

IT Services^(b)— 1.6%
Airbnb, Inc., Term Loan, (3 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 04/17/25^(e)			382		410,696
Flexential Intermediate Corp. 2017
1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 3.72%, 08/01/24			869		741,396
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 7.50%, 08/01/25			420		246,750
Greeneden US Holdings II LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/01/23			880		877,016
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 02/12/27			1,090		957,438
Sophia LP^(l)
2020 1st Lien Term Loan, 09/22/27			3,397		3,372,372
2020 2nd Lien Term Loan, 09/17/27			10,251		9,994,725
Veritas US, Inc., 2020 USD Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 09/01/25			4,875		4,765,286

					21,365,679

Life Sciences Tools & Services — 0.1%
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 09/27/24^(b)			1,402		1,343,298


Security		Par (000)		Value
Machinery^(b)— 0.4%
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 09/21/26^(e)	USD		1,209	$	1,202,821
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.36%, 03/28/25			4,764		4,489,014

					5,691,835

Media^(b)— 1.3%
Altice Financing SA, 2017 USD Term Loan B, 07/15/25^(l)			242		230,677
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.15%, 08/14/26			1,008		977,165
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.76%, 08/21/26			4,317		3,918,705
Connect Finco Sarl, Term Loan B, (1 mo. LIBOR + 0.45%, 1.00% Floor), 4.65%, 12/12/26			1,021		988,223
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23			904		907,298
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22			2,255		2,290,945
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			478		404,830
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50%), 4.25%, 09/25/26			221		221,272
Terrier Media Buyer, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/17/26			855		832,164
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/09/27			6,880		6,667,889

					17,439,168

Oil, Gas & Consumable Fuels^(b)— 0.3%
Chesapeake Energy Corp., 2019 Last Out Term Loan, (1 mo. LIBOR + 8.00%), 9.00%, 06/24/24^(d)(e)(g)			4,162		2,830,130
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 4.65%, 09/27/24			904		721,070
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 06/30/24^(e)			91		77,743

					3,628,943

Pharmaceuticals^(b)— 0.1%
Endo Luxembourg Finance Co. I Sarl, 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 5.00%, 04/29/24			1,135		1,078,046
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22			410		408,715

					1,486,761

Professional Services — 0.2%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.75%), 3.89%, 02/06/26^(b)			2,062		2,037,892


Software — 1.4%
BMC Software Finance, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 10/02/25^(b)			1,660		1,607,848


Security		Par (000)		Value
Software (continued)
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26^(b)	USD		131	$	129,579
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.97%, 01/31/27^(b)			1,188		1,139,451
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24^(b)			984		975,959
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.80%, 05/27/24^(b)			1,721		1,506,543
Epicor Software Corp.^(b)
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			506		518,650
2020 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/31/27			1,406		1,402,849
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 10/01/25^(b)			1,197		1,184,347
Informatica LLC^(b)
2020 USD 2nd Lien Term Loan, (Fixed + 7.13%), 7.13%, 02/25/25			2,634		2,671,324
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/25/27			1,274		1,243,951
Mitchell International, Inc.^(b)
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 11/29/24			887		846,049
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 12/01/25			613		579,907
Omnitracs, Inc., Term Loan B, (1 mo. LIBOR + 8.24%), 8.24%, 10/09/28			218		214,457
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/30/25^(b)			46		43,670
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 08/01/25^(b)			716		693,576
Solera LLC, USD Term Loan B, (2 mo. LIBOR + 2.75%), 2.94%, 03/03/23^(b)			574		561,078
Sophia LP, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/30/22^(b)			83		82,443
Tempo Acquisition LLC, 2020 Extended Term Loan, (1 mo. LIBOR + 3.25%), 3.75%, 11/02/26^(b)			173		167,092
Tibco Software Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 03/04/28^(b)			1,576		1,536,600
Ultimate Software Group, Inc.^(b)
2020 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.75%, 05/03/26			887		883,789
Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 05/03/26			568		562,844

					18,552,006

Specialty Retail — 0.2%
PetSmart, Inc., Consenting Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/11/22^(b)			2,892		2,882,931


Security			Par (000)		Value

Wireless Telecommunication Services^(b)— 0.7%
Ligado Networks LLC
2015 2nd Lien Term Loan, (Defaulted), 13.50%, 12/07/20		USD		9,859	$	4,929,466
PIK Exit Term Loan, (1 mo. LIBOR + 11.75%), 8.50%, 12/07/20^(d)(g)				3,925		3,589,267
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.90%, 06/10/27				1,531		1,499,590

						10,018,323


Total Floating Rate Loan Interests — 13.3% (Cost: $193,261,941)						182,705,299


			Shares

Investment Companies

Equity Funds — 0.7%
iShares Preferred & Income Securities ETF^(m)				247,000		9,003,150


Total Investment Companies — 0.7% (Cost: $9,040,084)						9,003,150


			Par (000)

Preferred Securities

Capital Trusts — 4.8%

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(c)(h)		USD		655		657,456


Banks^(h)— 0.7%

AIB Group PLC, 5.25%^(c)	EUR		400		445,478
Allied Irish Banks PLC, 7.38%^(c)				210		246,845
Banco Bilbao Vizcaya Argentaria SA, 8.88%^(c)				200		242,087
Banco de Sabadell SA, 6.50%^(c)				200		209,545
Bankia SA, 6.38%^(c)				400		479,068
CaixaBank SA^(c)
5.25%				200		217,424
6.75%				200		243,570
CIT Group, Inc., Series A, 5.80%^(c)		USD		1,647		1,324,287
Erste Group Bank AG, 6.50%^(c)		EUR		200		251,411
HBOS Capital Funding LP, 6.85%		USD		840		852,600
ING Groep NV, 6.75%^(c)				200		211,500
Intesa Sanpaolo SpA, 7.75%^(c)		EUR		200		263,404
National Westminster Bank PLC, Series C, 0.51%⁽ⁱ⁾		USD		200		176,000
Stichting AK Rabobank Certificaten, 6.50%		EUR		148		206,059
Wells Fargo & Co., Series U, 5.88%^(c)		USD		4,391		4,727,405

						10,096,683

Diversified Financial Services^(c)(h)— 3.7%
Banco Santander SA
4.38%		EUR		200		211,627
6.75%				200		244,661
Bank of America Corp.
Series AA, 6.10%		USD		8,608		9,370,755
Series DD, 6.30%				432		488,203
Series X, 6.25%				3,534		3,776,079
Series Z, 6.50%				1,634		1,816,191


Security		Par (000)		Value

Diversified Financial Services (continued)
BNP Paribas SA, 4.50%^(a)	USD		1,230	$	1,179,262
Credit Suisse Group AG^(a)
5.10%			860		829,900
6.38%			3,145		3,361,219
5.25%			1,325		1,327,650
6.25%			200		214,228
7.50%			750		791,483
HSBC Holdings PLC, 6.00%			2,298		2,355,450
JPMorgan Chase & Co.
Series FF, 5.00%			5,918		5,907,799
Series HH, 4.60%			1,416		1,387,680
Series I, 3.74%			1,046		1,002,975
Series Q, 5.15%			850		854,250
Series S, 6.75%			2,879		3,116,517
Series U, 6.13%			4,228		4,391,277
Series V, 3.55%			3,075		2,844,990
Series X, 6.10%			640		672,000
Morgan Stanley
Series H, 3.85%			3,309		3,122,869
Series J, 4.05%			340		332,493
Natwest Group PLC, 8.63%			607		622,175
UBS Group AG, 5.75%	EUR		250		304,837
UniCredit SpA
6.75%			200		234,675
9.25%			225		285,760

					51,047,005

Diversified Telecommunication Services^(c)(h)— 0.1%
Koninklijke KPN NV, 2.00%			300		344,696
Telefonica Europe BV
5.88%			200		257,823
4.38%			600		740,726

					1,343,245

Electric Utilities^(c)(h)— 0.0%
Naturgy Finance BV
4.13%			100		121,349
3.38%			100		120,031

					241,380

Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26			320		380,812


Insurance^(c)(h)— 0.0%
Achmea BV, 4.63%			200		232,647
Legal & General Group PLC, 5.63%	GBP		200		263,979

					496,626

Media — 0.0%
NBCUniversal Enterprise, Inc., 5.25%^(a)(h)	USD		400		404,000


Oil, Gas & Consumable Fuels^(c)(h)— 0.0%
BP Capital Markets PLC, 4.25%	GBP		125		168,955
Repsol International Finance BV
3.75%	EUR		100		117,835
4.25%			100		119,297

					406,087

Real Estate Management & Development^(c)(h)— 0.0%
Aroundtown SA, 3.38%			200		233,318
Citycon OYJ, 4.50%			100		101,993

					335,311


Security		Par (000)		Value

Utilities^(c)(h)— 0.1%
Electricite de France SA
3.00%	EUR		200	$	228,625
2.88%			200		228,757
4.00%			200		244,748
6.00%	GBP		100		138,952

					841,082

Wireless Telecommunication Services^(c)— 0.1%
Vodafone Group PLC
3.10%, 01/03/79	EUR		400		476,601
4.20%, 10/03/78			200		256,454

					733,055


Total Capital Trusts — 4.8%					66,982,742


		Shares

Preferred Stocks — 0.1%

Banks — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $656,673)⁽ⁿ⁾			671,058		53,014


Diversified Financial Services — 0.1%
UCI International Remainco LLC^(e)			109,729		1,104,971


Total Preferred Stocks — 0.1%					1,157,985


Total Preferred Securities — 4.9% (Cost: $67,764,652)					68,140,727


Warrants

Oil, Gas & Consumable Fuels — 0.0%
SM Energy Co. (Expires 06/30/23)			106,505		168,278


Total Warrants — 0.0% (Cost: $456,911)					168,278


Total Long-Term Investments — 144.1% (Cost: $1,980,791,782)					1,983,285,292


Options Purchased — 0.0% (Cost: $17,911)					22,350


Total Investments Before Options Written — 144.1% (Cost: $1,980,809,693)					1,983,307,642


Options Written — (0.0)% (Premiums Received: $(8,043))					(5,146	)


Total Investments, Net of Options Written — 144.1% (Cost: $1,980,801,650)					1,983,302,496

Liabilities in Excess of Other Assets — (44.1)%					(607,291,869	)


Net Assets — 100.0%				$	1,376,010,627

^(a)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(b)	Variable rate security. Rate shown is the rate in effect as of period end.

^(c)	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

^(d)	Non-income producing security.

^(e)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(f)	Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

^(g)	Issuer filed for bankruptcy and/or is in default.

^(h)	Perpetual security with no stated maturity date.

⁽ⁱ⁾	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

^(j)	When-issued security.

^(k)	Convertible security.

^(l)	Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

^(m)	Affiliate of the Trust.

⁽ⁿ⁾	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $53,014, representing less than 0.05% of its net assets as of period end, and an original cost of $656,673.

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 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.

Various inputs are used in determining the fair value of 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 financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.

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 breakdown of the Trust’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.

A reconciliation of Level 3 financial instruments 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 financial instruments 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 financial instruments.


Affiliated Issuer	Value at 12/31/19		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 09/30/20		Shares Held at 09/30/20		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class^(a)	$	—	$	192,213,754	$	(192,213,754	)	$	—	$	—		$	—		—	$	8,982	$	—
iShares iBoxx $ High Yield Corporate Bond ETF^(a)		37,616,423		28,561,781		(65,929,644	)		177,865		(426,425	)		—		—		156,483		—
iShares U.S. Preferred Stock ETF		—		9,040,084		—			—		(36,934	)		9,003,150		247,000		39,574		—

								$	177,865	$	(463,359	)	$	9,003,150			$	205,039	$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts
10-Year U.S. Treasury Note		361		12/21/20	$	50,371	$	(218,782	)
Long U.S. Treasury Bond		55		12/21/20		9,695		32,343
Ultra U.S. Treasury Bond		86		12/21/20		19,076		(238,721	)
5-Year U.S. Treasury Note		194		12/31/20		24,450		(45,895	)

							$	(471,055	)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
CAD	1,943,000	USD	1,451,331	UBS AG		10/05/20	$	7,889
EUR	22,545,000	USD	26,400,195	UBS AG		10/05/20		34,328
GBP	3,860,000	USD	4,963,977	State Street Bank and Trust Co.		10/05/20		16,837
USD	1,488,263	CAD	1,943,000	Citibank N.A.		10/05/20		29,042
USD	312,614	EUR	265,000	Citibank N.A.		10/05/20		1,895
USD	53,194,179	EUR	44,486,000	UBS AG		10/05/20		1,033,338
USD	5,157,383	GBP	3,874,000	Bank of America N.A.		10/05/20		158,503
AUD	957,000	USD	681,647	Bank of America N.A.		10/06/20		3,810
USD	702,699	AUD	957,000	BNP Paribas S.A.		10/06/20		17,242
USD	26,475,157	EUR	22,545,000	Goldman Sachs International		11/04/20		24,272

								1,327,156

EUR	22,545,000	USD	26,458,812	Goldman Sachs International		10/05/20		(24,289	)
USD	117,723	EUR	101,000	Citibank N.A.		10/05/20		(702	)
USD	277,179	EUR	238,000	State Street Bank and Trust Co.		10/05/20		(1,881	)
USD	681,694	AUD	957,000	Bank of America N.A.		11/04/20		(3,809	)
USD	1,451,478	CAD	1,943,000	UBS AG		11/04/20		(7,874	)
USD	26,416,540	EUR	22,545,000	UBS AG		11/04/20		(34,345	)
USD	4,964,759	GBP	3,860,000	State Street Bank and Trust Co.		11/04/20		(16,844	)

								(89,744	)

							$	1,237,412


Reference Obligation/Index	Financing Rate Received by the Trust			Payment Frequency		Termination Date		Credit Rating^(a)		Notional Amount (000)^(b)		Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
ITRAXX.XO.34.V1		5.00	%		Quarterly		12/20/25		B		150	$	12,829	$	12,107	$	722


Reference Obligations/Index	Financing Rate Paid by the Trust			Payment Frequency		Counterparty	Termination Date		Notional Amount (000)		Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Nordstrom, Inc.		1.00	%		Quarterly	Barclays Bank PLC		06/20/25	USD	318	$	60,606	$	71,743	$	(11,137	)


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	2,491,683	$	—	$	2,491,683
Common Stocks
Auto Components		24,754		—		—		24,754
Building Products		38,987		—		—		38,987
Chemicals		4,744,750		—		—		4,744,750
Consumer Finance		36,954		—		—		36,954
Diversified Financial Services		25		—		22,235		22,260
Diversified Telecommunication Services		850,869		967,890		—		1,818,759
Energy Equipment & Services		—		—		602,115		602,115
Entertainment		1,066,124		—		—		1,066,124
Equity Real Estate Investment Trusts (REITs)		8,518,316		—		—		8,518,316
Life Sciences Tools & Services		277,314		—		—		277,314
Media		540,495		—		—		540,495
Metals & Mining		2,242,148		—		—		2,242,148
Pharmaceuticals		2,108,032		—		—		2,108,032
Semiconductors & Semiconductor Equipment		14,994		—		—		14,994
Corporate Bonds
Aerospace & Defense		—		84,544,419		—		84,544,419
Air Freight & Logistics		—		603,767		—		603,767
Airlines		—		12,289,874		—		12,289,874
Auto Components		—		21,148,043		—		21,148,043
Automobiles		—		42,882,347		—		42,882,347
Banks		—		5,937,557		—		5,937,557
Banks: Diversified		—		1,280,269		—		1,280,269
Beverages		—		29,630,810		—		29,630,810
Biotechnology		—		394,544		—		394,544
Building Materials		—		18,669,601		—		18,669,601
Building Products		—		5,595,970		—		5,595,970
Capital Markets		—		17,844,095		25,483		17,869,578
Chemicals		—		44,619,704		—		44,619,704
Commercial Services & Supplies		—		17,714,215		—		17,714,215
Communications Equipment		—		10,391,033		—		10,391,033
Construction & Engineering		—		4,357,936		—		4,357,936
Construction Materials		—		22,949,120		—		22,949,120
Consumer Discretionary		—		13,179,880		—		13,179,880
Consumer Finance		—		41,949,225		—		41,949,225
Containers & Packaging		—		10,264,588		—		10,264,588
Diversified Consumer Services		—		28,802,136		—		28,802,136
Diversified Financial Services		—		23,185,164		—		23,185,164
Diversified Telecommunication Services		—		57,589,287		—		57,589,287
Electric Utilities		—		4,021,933		—		4,021,933
Electrical Equipment		—		1,810,067		—		1,810,067
Electronic Equipment, Instruments & Components		—		9,022,449		—		9,022,449
Energy Equipment & Services		—		5,407,358		2,443,761		7,851,119
Environmental, Maintenance, & Security Service		—		19,136,536		—		19,136,536
Equity Real Estate Investment Trusts (REITs)		—		37,327,522		—		37,327,522
Food & Staples Retailing		—		41,798,088		—		41,798,088
Food Products		—		12,669,175		—		12,669,175
Gas Utilities		—		2,962,802		—		2,962,802
Health Care Equipment & Supplies		—		24,029,549		—		24,029,549
Health Care Providers & Services		—		77,114,548		—		77,114,548
Health Care Technology		—		6,278,517		—		6,278,517
Hotels, Restaurants & Leisure		—		78,386,504		—		78,386,504
Household Durables		—		25,781,531		—		25,781,531
Independent Power and Renewable Electricity Producers		—		26,411,408		—		26,411,408


	Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests			Preferred Stocks			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)		—			—			11,385,872			—			—			11,385,872
Transfers out of Level 3^(b)		—			—			(2,985,152	)		—			—			(2,985,152	)
Accrued discounts/premiums		—			44,006			26,343			—			—			70,349
Net realized gain (loss)		—			1,838			(2,781,285	)		2,774			779,373			(1,997,300	)
Net change in unrealized appreciation (depreciation)^(c)		(1,740,575	)		(48,357	)		(1,572,820	)		(12	)		2,168,311			(1,193,453	)
Purchases		67,477			2,448,578			1,783,427			—			1,585,120			5,884,602
Sales		—			(1,837	)		(12,059,019	)		(2,774	)		(5,924,168	)		(17,987,798	)

Closing balance, as of September 30, 2020	$	624,350		$	2,469,244		$	6,505,104		$	—		$	1,104,971		$	10,703,669

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020^(c)	$	(1,740,575	)	$	(48,357	)	$	(1,647,028	)	$	—		$	40,963		$	(3,394,997	)


Currency Abbreviation

AUD		Australian Dollar

CAD		Canadian Dollar

EUR		Euro

GBP		British Pound

USD		United States Dollar


Portfolio Abbreviation

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

DIP		Debtor-In-Possession

ETF		Exchange-Traded Fund

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust

SAB		Special Assessment Bonds


CONSOLIDATED SCHEDULE OF INVESTMENTS		1


CONSOLIDATED SCHEDULE OF INVESTMENTS		3


CONSOLIDATED SCHEDULE OF INVESTMENTS		5


CONSOLIDATED SCHEDULE OF INVESTMENTS		7