BlackRock Corporate High Yield Fund


Security		Par (000)		Value

Asset-Backed Securities
Anchorage Capital Europe CLO 2 DAC^(a) Series 2X, Class E, (3 mo. Euribor + 5.66%), 5.66%, 05/15/31	EUR		203	$	234,332
Series 2X, Class ER, (3 mo. Euribor + 6.45%), 5.66%, 04/15/34^(b)			203		233,297
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 1.99%, 05/15/30^(a)(c)	USD		500		500,223
Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 2.19%, 07/15/31^(a)(c)			250		247,475
Greene King Finance PLC^(a)
Series B1, (3 mo. LIBOR GBP + 1.80%), 1.88%, 12/15/34.	GBP		100		116,492
Series B2, (3 mo. LIBOR GBP + 2.08%), 2.16%, 03/15/36.			100		113,045
Northwoods Capital 23 Euro DAC, Series 2021- 23X, Class E, (3 mo. Euribor + 6.21%), 0.00%, 03/15/34^(a)(b)	EUR		100		114,925
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32	GBP		500		706,501


Total Asset-Backed Securities — 0.2% (Cost: $2,268,508)					2,266,290


		Shares

Common Stocks

Auto Components — 0.0%
Lear Corp			227		41,144


Building Products — 0.0%
AZEK Co., Inc.^(d)			1,120		47,096


Chemicals — 0.3%
Atotech Ltd.^(d)			77,998		1,579,459
Diversey Holdings Ltd.^(d)			54,899		807,564
Element Solutions, Inc.			155,354		2,841,425


				5,228,448

Communications Equipment — 0.1%
CommScope Holding Co., Inc.^(d)			71,812		1,103,032


Consumer Finance — 0.0%
Ally Financial, Inc.			1		45
Arrow Global Group PLC^(d)			28,524		119,936


				119,981

Diversified Financial Services^(e)— 0.1%
Kcad Holdings I Ltd			2,223,465,984		22,235
UCI International Remainco LLC			109,729		872,345


				894,580

Diversified Telecommunication Services — 0.0%
Telecom Italia SpA/Milano			181,833		104,558


Electrical Equipment — 0.1%
Sensata Technologies Holding PLC^(d)			18,383		1,065,295


Security		Shares		Value

Energy Equipment & Services^(e)— 0.0%
Osum Oil Sands Corp. 04/18/21^(d)(f)			61,113	$	145,889
Pioneer Energy Services Corp.			5,062		29,360


				175,249

Entertainment — 0.1%
Live Nation Entertainment, Inc.^(d)			19,787		1,674,970


Equity Real Estate Investment Trusts (REITs) — 0.7%
Gaming and Leisure Properties, Inc.			94,060		3,990,966
VICI Properties, Inc.			217,410		6,139,658


				10,130,624

Life Sciences Tools & Services^(d)— 0.2%
Avantor, Inc.			84,920		2,456,736
PPD, Inc.			24,349		921,366


				3,378,102

Media^(d)— 0.1%
Clear Channel Outdoor Holdings, Inc.			527,174		948,913
Emmis Communications Corp., Class A			7,210		18,602
Mediaco Holding Inc., Class A			912		3,000


				970,515

Metals & Mining — 0.2%
Constellium SE^(d)			196,396		2,887,021


Oil, Gas & Consumable Fuels — 1.4%
Cheniere Energy Partners LP			3,259		135,411
Chesapeake Energy Corp.^(d)			175,947		7,634,340
Energy Transfer Equity LP			201,419		1,546,898
Enterprise Products Partners LP			90,941		2,002,521
Extraction Oil & Gas, Inc.^(d)			37,106		1,333,590

Extraction Oil & Gas, Inc., (Acquired 03/05/21, Cost: $408,744)^(g)		27,964		982,413
Kinder Morgan, Inc.			133,989		2,230,917
Plains All American Pipeline LP			215,497		1,961,023
Targa Resources Corp			23,471		745,204
Western Midstream Partners LP			13,487		250,723
Williams Cos., Inc.			85,210		2,018,625


				20,841,665

Pharmaceuticals — 0.1%
Bausch Health Cos., Inc.^(d)			66,771		2,119,312


Road & Rail — 0.1%
Uber Technologies, Inc.^(d)			16,970		925,035


Semiconductors & Semiconductor Equipment^(d)— 0.0%
Maxeon Solar Technologies Ltd.			128		4,040
SunPower Corp.			1,025		34,286


				38,326


Total Common Stocks — 3.5% (Cost: $68,256,835)				51,744,953


		Par (000)

Corporate Bonds

Aerospace & Defense — 5.8%
Amsted Industries, Inc., 5.63%, 07/01/27^(c)	USD		890		944,513
Boeing Co.
5.81%, 05/01/50			6,000		7,553,703
5.93%, 05/01/60			5,000		6,415,626


Security		Par (000)		Value

Aerospace & Defense (continued)
Bombardier, Inc.^(c)
8.75%, 12/01/21	USD		3,455	$	3,624,882
5.75%, 03/15/22			404		421,170
6.13%, 01/15/23			3,898		4,058,792
7.50%, 12/01/24			1,274		1,272,407
7.50%, 03/15/25			449		441,704
7.88%, 04/15/27			2,633		2,582,157
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,320,232
F-Brasile SpA/F-Brasile US LLC, Series XR,
7.38%, 08/15/26^(c)			2,295		2,300,049
Howmet Aerospace, Inc.
5.87%, 02/23/22			1,363		1,409,015
5.13%, 10/01/24			44		48,396
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(c)			1,810		1,901,622
Rolls-Royce PLC
4.63%, 02/16/26	EUR		100		126,358
5.75%, 10/15/27^(c)	USD		2,787		2,965,507
Signature Aviation US Holdings, Inc.^(c)
5.38%, 05/01/26			1,467		1,496,340
4.00%, 03/01/28			1,391		1,414,536
Spirit AeroSystems, Inc., 5.50%, 01/15/25^(c)			926		979,245
SSL Robotics LLC, 9.75%, 12/31/23^(c)			501		563,375
TransDigm, Inc.
8.00%, 12/15/25^(c)			1,221		1,329,669
6.25%, 03/15/26^(c)			31,017		32,884,223
6.38%, 06/15/26			1,083		1,119,551
4.63%, 01/15/29^(c)			1,715		1,691,076
Triumph Group, Inc., 8.88%, 06/01/24^(c)			4,491		5,053,273

					84,917,421

Airlines — 2.1%
American Airlines, Inc., 11.75%, 07/15/25^(c)			3,451		4,268,852
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(c)
5.50%, 04/20/26			2,321		2,415,441
5.75%, 04/20/29			3,905		4,152,809
Delta Air Lines, Inc., 7.00%, 05/01/25^(c)			1,917		2,208,303
Delta Air Lines, Inc./SkyMiles IP Ltd.^(c)
4.50%, 10/20/25			603		643,641
4.75%, 10/20/28			3,066		3,333,956
Deutsche Lufthansa AG
2.88%, 02/11/25	EUR		200		232,842
3.75%, 02/11/28			200		234,247
Hawaiian Brand Intellectual Property
Ltd./HawaiianMiles Loyalty Ltd., 5.75%,
01/20/26^(c)	USD		1,377		1,463,200
International Consolidated Airlines Group SA
0.50%, 07/04/23	EUR		100		111,993
2.75%, 03/25/25			200		231,305
3.75%, 03/25/29			100		115,048
Mileage Plus Holdings LLC/Mileage Plus
Intellectual Property Assets Ltd., 6.50%,
06/20/27^(c)	USD		5,288		5,796,970
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.,
8.00%, 09/20/25^(c)			360		406,766


Security		Par (000)		Value

Airlines (continued)
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/27	USD		4,833	$	5,358,604
Series 2020-1, Class B, 4.88%, 01/15/26			280		290,500


				31,264,477

Auto Components — 1.9%
Adient US LLC, 9.00%, 04/15/25^(c)			1,088		1,207,680
Clarios Global LP, 6.75%, 05/15/25^(c)			1,321		1,413,074
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26	EUR		301		365,337
6.25%, 05/15/26^(c)	USD		5,983		6,354,185
8.50%, 05/15/27^(c)			9,577		10,307,246
Dealer Tire LLC/DT Issuer LLC, 8.00%,
02/01/28^(c)			2,020		2,131,100
Faurecia SE
3.75%, 06/15/28	EUR		100		124,441
2.38%, 06/15/29			100		119,322
Goodyear Tire & Rubber Co., 9.50%, 05/31/25	USD		1,085		1,217,153
GoodYear Tire + Rubber Co., 5.63%, 04/30/33^(b)			1,772		1,772,000
IHO Verwaltungs GmbH^(h)
(4.63% PIK), 3.88%, 05/15/27	EUR		100		120,771
(6.00% Cash or 6.75% PIK), 6.00%, 05/15/27^(c).	USD		200		209,826
Meritor, Inc., 4.50%, 12/15/28^(c)			383		384,149
Schaeffler AG, 3.38%, 10/12/28	EUR		100		128,118
Tenneco, Inc., 7.88%, 01/15/29^(c)	USD		402		451,124
ZF Europe Finance BV, 2.00%, 02/23/26	EUR		100		118,150
ZF Finance GmbH
3.00%, 09/21/25			200		247,301
2.75%, 05/25/27			100		121,196
3.75%, 09/21/28			200		255,643


				27,047,816

Automobiles — 2.3%
Allison Transmission, Inc.^(c)
5.88%, 06/01/29	USD		1,991		2,176,810
3.75%, 01/30/31			1,240		1,201,250
Asbury Automotive Group, Inc.
4.50%, 03/01/28			751		768,205
4.75%, 03/01/30			732		756,156
Carvana Co., 5.50%, 04/15/27^(c)			1,614		1,622,473
Ford Motor Co.
8.50%, 04/21/23			1,362		1,518,630
4.75%, 01/15/43			426		429,152
5.29%, 12/08/46			532		559,276
Ford Motor Credit Co. LLC
5.88%, 08/02/21			1,636		1,658,004
5.60%, 01/07/22			387		397,577
3.09%, 01/09/23			200		203,246
4.14%, 02/15/23			829		856,689
3.10%, 05/04/23			400		406,500
4.38%, 08/06/23			410		428,819
3.81%, 01/09/24			2,063		2,127,469
1.74%, 07/19/24	EUR		100		117,780
4.69%, 06/09/25	USD		200		212,265
5.13%, 06/16/25			2,539		2,742,120
4.13%, 08/04/25			2,166		2,265,474
3.25%, 09/15/25	EUR		100		124,631
3.38%, 11/13/25	USD		489		497,313
2.33%, 11/25/25	EUR		300		360,781
4.39%, 01/08/26	USD		507		532,892


Security		Par (000)		Value

Automobiles (continued)
Ford Motor Credit Co. LLC (continued)
4.13%, 08/17/27	USD		644	$	664,930
3.82%, 11/02/27			200		202,250
2.90%, 02/16/28			1,644		1,579,473
5.11%, 05/03/29			389		417,572
4.00%, 11/13/30			912		904,695
Group 1 Automotive, Inc., 4.00%, 08/15/28^(c)			243		241,481
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26	EUR		100		120,331
6.88%, 11/15/26			100		132,373
Ken Garff Automotive LLC, 4.88%, 09/15/28^(c)	USD		680		679,320
Navistar International Corp., 9.50%, 05/01/25^(c)			411		451,586
Penske Automotive Group, Inc.
3.50%, 09/01/25			1,101		1,124,859
5.50%, 05/15/26			299		307,686
RCI Banque SA, (5 year EUR Swap + 2.85%),
2.63%, 02/18/30^(a)	EUR		100		116,836
Renault SA, 2.38%, 05/25/26			100		118,609
Tesla, Inc., 5.30%, 08/15/25^(c)	USD		2,146		2,226,690
Volvo Car AB, 2.50%, 10/07/27	EUR		100		125,812
Wabash National Corp., 5.50%, 10/01/25^(c)	USD		2,154		2,202,465


				33,580,480

Banks — 0.6%
Banca Monte dei Paschi di Siena SpA 2.63%, 04/28/25	EUR		125		149,857
(5 year EUR Swap + 8.92%), 8.50%, 09/10/30^(a)			100		116,107

Banco Bilbao Vizcaya Argentaria SA, Series ., (5 year EUR Swap + 6.46%), 6.00%^(a)(i)		200		262,685
Banco de Sabadell SA, (5 year EUR Swap + 2.20%), 2.00%, 01/17/30^(a)			200		228,090
Banco Espirito Santo SA^(d)(j)
4.75%, 01/15/22			1,900		311,938
4.00%, 01/21/22			1,100		180,596
CIT Group, Inc.
5.00%, 08/15/22	USD		278		292,595
5.00%, 08/01/23			404		438,340
6.00%, 04/01/36			3,261		3,750,150
Commerzbank AG, (5 year EUR Swap + 6.36%), 6.13%^(a)(i)	EUR		200		250,767
Deutsche Pfandbriefbank AG, 4.60%, 02/22/27			100		121,990
HSBC Bank PLC, Series 1M, (6 mo. LIBOR US + 0.25%), 0.75%^(a)(i)	USD		170		150,015
Intesa Sanpaolo SpA, 5.15%, 06/10/30	GBP		125		192,221
Unione di Banche Italiane SpA, (5 year EUR Swap + 5.75%), 5.88%, 03/04/29^(a)	EUR		200		264,086
Wells Fargo & Co., (5 year CMT + 3.45%), 3.90%^(a)(i)	USD		2,130		2,151,087


				8,860,524

Beverages — 2.2%

ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(c)(h)		5,290		5,554,658

Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC
2.00%, 09/01/28	EUR		148		173,318
3.00%, 09/01/29			143		166,532


Security			Par (000)		Value

Beverages (continued)

Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/29^(c)	USD		4,995		$ 4,986,858

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(c)
5.25%, 04/30/25				798		838,686
4.13%, 08/15/26				1,138		1,166,143
4.75%, 07/15/27		GBP		427		601,907
5.25%, 08/15/27		USD		3,429		3,497,854

Canpack SA/Eastern PA Land Investment Holding LLC, 3.13%, 11/01/25^(c)			584		592,213
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26				155		186,581

Mauser Packaging Solutions Holding Co., 5.50%, 04/15/24^(c)			2,321		2,352,914
Silgan Holdings, Inc., 4.13%, 02/01/28				51		52,393
Triton Water Holdings, Inc., 6.25%, 04/01/29^(c)				693		706,860

Trivium Packaging Finance BV
3.75%, 08/15/26		EUR		116		139,366
5.50%, 08/15/26^(c)		USD		3,383		3,547,921
8.50%, 08/15/27^(c)				7,641		8,292,013

						32,856,217

Biotechnology — 0.1%

Cidron Aida Finco Sarl^(b)
5.00%, 04/01/28		EUR		105		124,673
6.25%, 04/01/28		GBP		133		185,187
Emergent BioSolutions, Inc., 3.88%, 08/15/28^(c)		USD		393		384,157

						694,017

Building Materials — 1.3%
Boise Cascade Co., 4.88%, 07/01/30^(c)				603		631,643
Builders FirstSource, Inc., 6.75%, 06/01/27^(c)				610		656,513

Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(c)			1,977		2,105,505
CP Atlas Buyer, Inc., 7.00%, 12/01/28^(c)				1,519		1,596,545

Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25^(c)			1,947		2,093,025
Griffon Corp., 5.75%, 03/01/28				456		485,070
HT Troplast GmbH, 9.25%, 07/15/25		EUR		128		163,427

James Hardie International Finance DAC, 5.00%, 01/15/28^(c)	USD		458		484,335

Jeld-Wen, Inc.^(c)
6.25%, 05/15/25				852		905,250
4.63%, 12/15/25				321		325,013
4.88%, 12/15/27				99		102,371

Masonite International Corp.^(c)
5.75%, 09/15/26				701		729,040
5.38%, 02/01/28				239		253,639
Norbord, Inc., 6.25%, 04/15/23^(c)				1,566		1,697,152
SRM Escrow Issuer LLC, 6.00%, 11/01/28^(c)				2,267		2,375,816

Standard Industries, Inc.
2.25%, 11/21/26		EUR		134		159,323
5.00%, 02/15/27^(c)		USD		576		600,480
4.38%, 07/15/30^(c)				2,327		2,347,943
3.38%, 01/15/31^(c)				897		849,907

Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(c)			923		963,381

						19,525,378


Security		Par (000)		Value

Building Products^(c)— 1.0%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27	USD		1,464	$	1,533,642
BCPE Ulysses Intermediate, Inc., (7.75% Cash or 8.50% PIK), 7.75%, 04/01/27^(h)			752		780,200
Foundation Building Materials, Inc., 6.00%, 03/01/29			1,158		1,143,525
LBM Acquisition LLC, 6.25%, 01/15/29			2,091		2,153,730
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			1,767		1,824,427
SRS Distribution, Inc., 8.25%, 07/01/26			2,201		2,308,299
White Cap Buyer LLC, 6.88%, 10/15/28			2,801		2,973,794
White Cap Parent LLC, (8.25% PIK), 8.25%, 03/15/26^(h)			1,165		1,214,513

					13,932,130

Capital Markets — 1.7%
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(a)(i)			4,775		4,693,825
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(c)			1,414		1,482,480
Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin, 3.88%, 02/15/26^(c)			647		663,664
ESC Lehman Brothers Holding Production, 1.00%^{(a)(d)(e)(i)(j)}			1,535		17,192
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 02/01/22			5		5,006
4.75%, 09/15/24			591		613,715
6.38%, 12/15/25			532		549,290
6.25%, 05/15/26			3,129		3,277,627
5.25%, 05/15/27			848		875,560
4.38%, 02/01/29^(c)			1,029		1,005,549
Lehman Brothers Holding Escrow, 1.00%^{(a)(d)(e)(i)(j)}.			430		4,816
Lehman Brothers Holdings, Inc.^(d)(j)
4.75%, 01/15/22^(e)	EUR		1,890		23,051
1.00%, 02/05/22^(a)			3,950		53,270
5.38%, 10/17/49^(e)			350		4,228
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(h)			220		261,481
NFP Corp.^(c)
7.00%, 05/15/25	USD		531		569,498
6.88%, 08/15/28			5,098		5,289,175
Owl Rock Capital Corp.
3.75%, 07/22/25			2,318		2,403,392
4.25%, 01/15/26			996		1,045,232
3.40%, 07/15/26			495		501,375
Owl Rock Technology Finance Corp., 3.75%, 06/17/26^(c)			700		715,857
RP Escrow Issuer LLC, 5.25%, 12/15/25^(c)			803		832,109

					24,887,392

Chemicals — 1.9%
Ashland Services BV, 2.00%, 01/30/28	EUR		251		292,140
Axalta Coating Systems LLC, 3.38%, 02/15/29^(c)	USD		922		899,134
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(c)			626		654,358
Chemours Co.
4.00%, 05/15/26	EUR		200		237,216
5.75%, 11/15/28^(c)	USD		609		641,225
Element Solutions, Inc., 3.88%, 09/01/28^(c)			6,554		6,467,159


Security		Par (000)		Value

Chemicals (continued)
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(c)	USD		791	$	813,702
HB Fuller Co., 4.25%, 10/15/28			541		549,688
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(c)			1,692		1,904,008
Ingevity Corp., 3.88%, 11/01/28^(c)			494		479,180
Kraton Polymers LLC/Kraton Polymers Capital Corp., 5.25%, 05/15/26	EUR		100		120,612
Minerals Technologies, Inc., 5.00%, 07/01/28^(c)	USD		878		905,437
Monitchem HoldCo 2 SA, 9.50%, 09/15/26	EUR		100		128,411
Monitchem HoldCo 3 SA, 5.25%, 03/15/25			222		267,824
NOVA Chemicals Corp., 4.88%, 06/01/24^(c)	USD		456		476,520
OCI NV
3.13%, 11/01/24	EUR		100		120,073
5.25%, 11/01/24^(c)	USD		1,218		1,266,720
3.63%, 10/15/25	EUR		129		157,708
PQ Corp., 5.75%, 12/15/25^(c)	USD		3,618		3,708,450
Scotts Miracle-Gro Co., 4.00%, 04/01/31^(c)			1,457		1,436,602
Valvoline, Inc., 3.63%, 06/15/31^(c)			6		5,805
WESCO Distribution, Inc.^(c)
7.13%, 06/15/25			1,940		2,121,390
7.25%, 06/15/28			3,271		3,651,728
WR Grace & Co-Conn, 5.63%, 10/01/24^(c)			559		613,502

					27,918,592

Commercial Services & Supplies — 1.1%
ADT Security Corp., 4.88%, 07/15/32^(c)			1,262		1,282,507
AMN Healthcare, Inc., 4.00%, 04/15/29^(c)			502		499,490
APX Group, Inc.
7.88%, 12/01/22			840		843,150
8.50%, 11/01/24			274		284,275
6.75%, 02/15/27^(c)			1,620		1,737,806
ASGN, Inc., 4.63%, 05/15/28^(c)			351		362,120
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/29^(c)			588		608,242
EC Finance PLC, 2.38%, 11/15/22	EUR		100		112,779
Fortress Transportation & Infrastructure Investors LLC, 6.50%, 10/01/25^(c)	USD		386		403,370
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27^(c)			261		297,214
Herc Holdings, Inc., 5.50%, 07/15/27^(c)			2,667		2,838,221
House of Finance NV (The), 4.38%, 07/15/26	EUR		100		118,929
Intertrust Group BV, 3.38%, 11/15/25			200		240,403
Loxam SAS
4.25%, 04/15/24			100		118,150
3.25%, 01/14/25			268		311,290
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)(c)	USD		1,697		1,740,783
Prime Security Services Borrower LLC/Prime Finance, Inc.^(c)
5.25%, 04/15/24			491		523,725
5.75%, 04/15/26			653		706,579
3.38%, 08/31/27			339		328,830
6.25%, 01/15/28			1,100		1,145,089
United Rentals North America, Inc.
3.88%, 11/15/27			652		675,635
5.25%, 01/15/30			496		538,309
Verisure Holding AB, 3.88%, 07/15/26	EUR		140		169,244
Verisure Midholding AB, 5.25%, 02/15/29			181		219,263

					16,105,403

Communications Equipment — 1.2%
Avaya, Inc., 6.13%, 09/15/28^(c)	USD		3,320		3,524,396


Security		Par (000)		Value

Communications Equipment (continued)
CommScope Technologies LLC^(c)
6.00%, 06/15/25	USD		1,996	$	2,036,020
5.00%, 03/15/27			1,438		1,424,526
CommScope, Inc.^(c)
5.50%, 03/01/24			1,041		1,073,531
6.00%, 03/01/26			1,114		1,173,805
8.25%, 03/01/27			168		179,760
7.13%, 07/01/28			1,167		1,239,447
Nokia OYJ
3.38%, 06/12/22			714		730,065
4.38%, 06/12/27			439		465,340
ViaSat, Inc.^(c)
5.63%, 04/15/27			3,384		3,549,528
6.50%, 07/15/28			2,431		2,559,989

					17,956,407

Construction & Engineering — 0.3%
Arcosa, Inc., 4.38%, 04/15/29^(b)(c)			1,917		1,952,944
Ferrovial Netherlands BV, (5 year EUR Swap + 2.13%), 2.12%^(a)(i)	EUR		100		115,651
frontdoor, Inc., 6.75%, 08/15/26^(c)	USD		1,382		1,470,103
KBR, Inc., 4.75%, 09/30/28^(c)			955		970,041

					4,508,739

Construction Materials^(c)— 1.1%
American Builders & Contractors Supply Co., Inc.
5.88%, 05/15/26			638		658,850
4.00%, 01/15/28			357		357,000
Core & Main LP, 6.13%, 08/15/25			7,720		7,923,345
H&E Equipment Services, Inc., 3.88%, 12/15/28			508		494,030
IAA, Inc., 5.50%, 06/15/27			1,538		1,612,977
Picasso Finance Sub, Inc., 6.13%, 06/15/25			2,362		2,509,625
Williams Scotsman International, Inc., 4.63%, 08/15/28			1,256		1,279,550
Winnebago Industries, Inc., 6.25%, 07/15/28			703		753,089
Wolverine Escrow LLC
8.50%, 11/15/24			309		308,228
9.00%, 11/15/26			629		628,402

					16,525,096

Consumer Discretionary — 2.2%
Carnival Corp.
11.50%, 04/01/23^(c)			3,254		3,729,897
10.13%, 02/01/26	EUR		201		272,880
10.50%, 02/01/26^(c)	USD		639		751,624
7.63%, 03/01/26	EUR		128		162,271
5.75%, 03/01/27^(c)	USD		7,181		7,369,501
9.88%, 08/01/27^(c)			1,052		1,238,614
Casino Guichard Perrachon SA, 5.25%, 04/15/27^(b)	EUR		117		137,206
IPD 3 BV, 5.50%, 12/01/25.			158		191,216
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer Inc., 5.00%, 02/01/26^(c)	USD		772		785,510
Life Time, Inc.^(c)
5.75%, 01/15/26			1,808		1,860,070
8.00%, 04/15/26			1,147		1,181,410
NCL Corp. Ltd.^(c)
10.25%, 02/01/26			632		741,526
5.88%, 03/15/26			1,002		1,012,020
NCL Finance Ltd., 6.13%, 03/15/28^(c)			1,630		1,660,562
Nielsen Finance LLC/Nielsen Finance Co.^(c) 5.63%, 10/01/28			2,432		2,556,640


Security		Par (000)		Value

Consumer Discretionary (continued)
Nielsen Finance LLC/Nielsen Finance Co.^(c)(continued) 5.88%, 10/01/30	USD		1,365	$	1,479,319
Royal Caribbean Cruises Ltd.^(c)
10.88%, 06/01/23.			565		649,920
9.13%, 06/15/23			884		974,106
11.50%, 06/01/25			1,215		1,416,994
5.50%, 04/01/28			2,648		2,661,240
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26	EUR		200		243,335
Viking Cruises Ltd., 7.00%, 02/15/29^(c)	USD		244		251,247
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(c)			873		881,992

					32,209,100

Consumer Finance — 1.9%
Encore Capital Group, Inc.
4.88%, 10/15/25	EUR		100		123,550
5.38%, 02/15/26	GBP		100		143,643
Iron Mountain UK PLC, 3.88%, 11/15/25			200		278,836
MPH Acquisition Holdings LLC, 5.75%, 11/01/28^(c)	USD		3,951		3,852,225
Navient Corp.
6.13%, 03/25/24			1,359		1,438,841
5.88%, 10/25/24			665		698,323
5.00%, 03/15/27			42		42,105
Nexi SpA, Series ., 0.00%, 02/24/28^(k)(l)	EUR		200		223,002
OneMain Finance Corp.
6.88%, 03/15/25	USD		585		665,394
8.88%, 06/01/25			433		479,677
7.13%, 03/15/26			2,395		2,762,273
6.63%, 01/15/28			720		815,983
5.38%, 11/15/29			51		54,251
4.00%, 09/15/30			17		16,533
Sabre GLBL, Inc.^(c)
9.25%, 04/15/25			2,638		3,145,815
7.38%, 09/01/25			1,322		1,442,699
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(c)			1,737		1,802,138
Verscend Escrow Corp., 9.75%, 08/15/26^(c)			9,470		10,153,923

					28,139,211

Containers & Packaging — 0.6%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			498		529,125
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			439		455,243
Graham Packaging Co., Inc., 7.13%, 08/15/28^(c)			554		589,317
Graphic Packaging International LLC^(c)
4.75%, 07/15/27			574		627,095
3.50%, 03/15/28			67		66,665
3.50%, 03/01/29			156		151,710
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28^(c)			843		870,397
Intertape Polymer Group, Inc., 7.00%, 10/15/26^(c)			747		785,751
Kleopatra Finco Sarl, 4.25%, 03/01/26	EUR		100		117,097
LABL Escrow Issuer LLC^(c)
6.75%, 07/15/26	USD		2,208		2,365,320
10.50%, 07/15/27.			944		1,051,238
Sappi Papier Holding GmbH, 3.63%, 03/15/28	EUR		100		117,437


Security		Par (000)		Value

Containers & Packaging (continued)
Sealed Air Corp.^(c)
5.13%, 12/01/24	USD		142	$	153,715
4.00%, 12/01/27			412		421,785

					8,301,895

Diversified Consumer Services — 2.0%
Allied Universal Holdco LLC/Allied Universal
Finance Corp.^(c)
6.63%, 07/15/26			10,303		10,926,125
9.75%, 07/15/27			3,625		3,977,350
Ascend Learning LLC, 6.88%, 08/01/25			4,706		4,823,650
Brink’s Co., 5.50%, 07/15/25^(c)			281		296,806
Garda World Security Corp.^(c)
4.63%, 02/15/27			1,802		1,802,000
9.50%, 11/01/27			1,130		1,250,763
Graham Holdings Co., 5.75%, 06/01/26^(c)			705		736,796
Laureate Education, Inc., 8.25%, 05/01/25^(c)			452		472,340
Rekeep SpA, 7.25%, 02/01/26	EUR		200		250,606
Service Corp. International
5.13%, 06/01/29	USD		269		288,691
3.38%, 08/15/30			983		959,457
Sotheby’s, 7.38%, 10/15/27^(c)			2,688		2,906,696

					28,691,280

Diversified Financial Services — 1.2%
Arrow Global Finance PLC, 5.13%, 09/15/24	GBP		225		312,808
Barclays PLC, 5.20%, 05/12/26	USD		800		904,168
Cabot Financial Luxembourg SA, 7.50%, 10/01/23	GBP		44		62,034
Central Garden & Pet Co., 4.13%, 10/15/30	USD		1,036		1,046,360
Citigroup, Inc., Series W, (5 year CMT + 3.60%),
4.00%^(a)(i)			855		863,336
Credit Suisse Group AG, (5 year CMT + 3.55%), 4.50%^(a)(c)(i)			1,085		1,017,187
Fairstone Financial, Inc., 7.88%, 07/15/24^(c)			852		894,600
Garfunkelux Holdco 3 SA
6.75%, 11/01/25	EUR		138		167,252
7.75%, 11/01/25	GBP		100		142,446
Global Aircraft Leasing Co. Ltd., (6.50% Cash or
7.25% PIK), 6.50%, 09/15/24^(c)(h)	USD		1,760		1,683,421
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(a)(i)			3,780		3,998,484
HSBC Holdings PLC, (5 year CMT + 3.65%), 4.60%^(a)(i)			445		439,994
Intrum AB
4.88%, 08/15/25	EUR		100		122,401
3.50%, 07/15/26			201		234,954
Ladder Capital Finance Holdings LLLP/Ladder
Capital Finance Corp.^(c)
5.25%, 03/15/22	USD		264		265,980
4.25%, 02/01/27			1,504		1,481,440
Spectrum Brands, Inc.^(c)
5.00%, 10/01/29			566		597,130
5.50%, 07/15/30			792		847,440
3.88%, 03/15/31			544		532,440
UBS Group AG, (5 year CMT + 3.31%),
4.38%^(a)(c)(i)			950		937,175


Security		Par (000)		Value

Diversified Financial Services (continued)
UniCredit SpA^(a)
(5 year EUR Swap + 2.80%), 2.73%, 01/15/32	EUR		200	$	238,987
(5 year EURIBOR ICE Swap Rate + 4.74%),
4.88%, 02/20/29			200		256,235
United Wholesale Mortgage LLC, 5.50%,
04/15/29^(b)(c)	USD		906		906,000

					17,952,272

Diversified Telecommunication Services — 4.7%
Cincinnati Bell, Inc.^(c)
7.00%, 07/15/24			1,479		1,525,219
8.00%, 10/15/25			408		433,975

Consolidated Communications, Inc., 6.50%,
10/01/28^(c)			2,397		2,589,072
Frontier Communications Corp.^(c)
5.88%, 10/15/27			2,553		2,706,180
5.00%, 05/01/28			3,673		3,740,510
6.75%, 05/01/29			2,572		2,712,688
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(c)			370		382,950
Level 3 Financing, Inc.^(c)
4.63%, 09/15/27			489		503,264
4.25%, 07/01/28			3,249		3,285,746
3.75%, 07/15/29			1,434		1,403,384
Lumen Technologies, Inc.
5.13%, 12/15/26^(c)			5,278		5,559,740
4.00%, 02/15/27^(c)			2,336		2,386,060
4.50%, 01/15/29^(c)			2,668		2,602,100
Series P, 7.60%, 09/15/39			1,044		1,195,380
Series U, 7.65%, 03/15/42			1,361		1,548,138
Series W, 6.75%, 12/01/23			1,228		1,355,540
Series Y, 7.50%, 04/01/24			1,254		1,405,546

Oi SA, (10.00% Cash or 8.00% Cash + 4.00% PIK), 10.00%, 07/27/25^(h)		229		239,305
SoftBank Group Corp.
4.75%, 07/30/25	EUR		269		349,762
3.13%, 09/19/25			207		251,570
5.00%, 04/15/28			300		396,666
4.00%, 09/19/29			100		125,020
(5 year USD ICE Swap + 4.23%), 6.00%^(a)(i)	USD		464		465,160
Sprint Capital Corp.
6.88%, 11/15/28			4,319		5,446,129
8.75%, 03/15/32			7,033		10,400,049
Switch Ltd., 3.75%, 09/15/28^(c)			2,001		1,970,425
Telecom Italia Capital SA
6.38%, 11/15/33			1,521		1,790,308
6.00%, 09/30/34			2,322		2,633,496
7.20%, 07/18/36			266		335,701
7.72%, 06/04/38			251		334,771
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		83		142,777
Telecom Italia SpA
4.00%, 04/11/24			139		175,821
5.30%, 05/30/24^(c)	USD		1,049		1,136,146
2.75%, 04/15/25	EUR		239		294,149
3.00%, 09/30/25			100		125,667
1.63%, 01/18/29			210		240,601


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Zayo Group Holdings, Inc.^(c)
4.00%, 03/01/27	USD		827	$	812,528
6.13%, 03/01/28			6,026		6,184,183

					69,185,726

Electric Utilities — 0.9%
Edison International, (5 year CMT + 4.70%),
5.38%^(a)(i)			2,200		2,230,360
FirstEnergy Corp.
2.65%, 03/01/30			142		135,034
Series B, 4.40%, 07/15/27			697		749,275
Series B, 2.25%, 09/01/30			117		108,518
Series C, 5.35%, 07/15/47			2,644		2,969,667
Series C, 3.40%, 03/01/50			900		787,500
FirstEnergy Transmission LLC^(c)
5.45%, 07/15/44			1,695		1,958,336
4.55%, 04/01/49			814		858,406

NextEra Energy Operating Partners LP, 4.25%, 07/15/24^(c)		337		354,692
PG&E Corp., 5.25%, 07/01/30			1,265		1,340,900
Pike Corp., 5.50%, 09/01/28^(c)			874		889,295
Public Power Corp., 3.88%, 03/30/26	EUR		101		120,454

					12,502,437

Electrical Equipment^(c)— 0.2%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26	USD		1,964		2,057,290
GrafTech Finance, Inc., 4.63%, 12/15/28			717		722,378
					2,779,668

Electronic Equipment, Instruments & Components — 0.5%
Belden, Inc., 3.88%, 03/15/28	EUR		100		121,044
Brightstar Escrow Corp., 9.75%, 10/15/25^(c)	USD		477		517,545
BWX Technologies, Inc.^(c)
5.38%, 07/15/26			200		206,500
4.13%, 06/30/28			1,344		1,360,800
4.13%, 04/15/29^(b)			991		1,004,626
CDW LLC/CDW Finance Corp., 3.25%, 02/15/29			1,556		1,536,550
Energizer Holdings, Inc.^(c)
4.75%, 06/15/28			714		736,312
4.38%, 03/31/29			96		96,336
Itron, Inc., 5.00%, 01/15/26^(c)			231		236,660
Xerox Corp., 4.80%, 03/01/35			1,375		1,375,632

					7,192,005

Energy Equipment & Services — 1.0%
Archrock Partners LP/Archrock Partners Finance Corp.^(c)
6.88%, 04/01/27			799		832,958
6.25%, 04/01/28			2,258		2,293,676
CGG SA, 7.75%, 04/01/27^(b)	EUR		103		120,184
ChampionX Corp., 6.38%, 05/01/26	USD		1,109		1,161,678
Pioneer Energy Services Corp.^(c)(e)(h) (11.00% Cash or 11.00% PIK),
11.00%, 05/15/25.			2,044		2,041,914
(5.00% PIK), 5.00%, 11/15/25^(k)			1,448		1,447,623
TechnipFMC PLC, 6.50%, 02/01/26^(c)			1,745		1,825,866


Security		Par (000)		Value

Energy Equipment & Services (continued)
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26	USD		2,237	$	2,294,323
6.88%, 09/01/27			2,109		2,172,270

					14,190,492

Environmental, Maintenance, & Security Service — 1.1%
Clean Harbors, Inc.^(c)
4.88%, 07/15/27			678		715,290
5.13%, 07/15/29			1,069		1,134,883
Covanta Holding Corp., 5.00%, 09/01/30			779		786,790
GFL Environmental, Inc.^(c)
4.25%, 06/01/25			487		501,610
3.75%, 08/01/25			1,369		1,389,535
5.13%, 12/15/26			2,531		2,667,041
8.50%, 05/01/27			1,340		1,475,675
4.00%, 08/01/28			1,780		1,722,150
3.50%, 09/01/28			1,002		971,940
Stericycle, Inc., 3.88%, 01/15/29^(c)			828		817,650
Tervita Corp., 11.00%, 12/01/25^(c)			692		785,420
Waste Pro USA, Inc., 5.50%, 02/15/26^(c)			2,432		2,489,760

					15,457,744

Equity Real Estate Investment Trusts (REITs) — 2.1%
Brookfield Property REIT, Inc./BPR Cumulus
LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%,
05/15/26^(c)			1,701		1,751,179
Diversified Healthcare Trust, 9.75%, 06/15/25			1,006		1,138,792
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(c)			1,172		1,142,377
Iron Mountain, Inc.^(c)
5.25%, 07/15/30			1,823		1,880,971
5.63%, 07/15/32			2,097		2,191,365
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
5.63%, 05/01/24			1,472		1,579,998
4.63%, 06/15/25^(c)			1,948		2,054,556
4.50%, 09/01/26			2,274		2,379,946
5.75%, 02/01/27			117		128,985
3.88%, 02/15/29^(c)			1,583		1,576,866
MPT Operating Partnership LP / MPT Finance
Corp., 2.50%, 03/24/26	GBP		100		138,465
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27	USD		187		196,725
4.63%, 08/01/29			2,863		3,011,962
3.38%, 04/24/30	GBP		100		138,038
3.50%, 03/15/31	USD		3,333		3,270,740
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27			3,304		3,382,040
4.50%, 02/15/29^(c)			997		1,000,958
Service Properties Trust
4.50%, 06/15/23			220		223,489
4.35%, 10/01/24			217		215,728
7.50%, 09/15/25			1,798		2,043,287
5.50%, 12/15/27			658		695,988
Starwood Property Trust, Inc., 5.00%, 12/15/21			1,027		1,041,121

					31,183,576


Security		Par (000)		Value

Food & Staples Retailing — 2.6%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(c)
3.25%, 03/15/26	USD		1,678	$	1,671,573
4.63%, 01/15/27			1,668		1,728,790
5.88%, 02/15/28			2,805		2,990,831
4.88%, 02/15/30			349		358,772
Bellis Acquisition Co. PLC, 3.25%, 02/16/26	GBP		110		152,222
Iceland Bondco PLC
4.63%, 03/15/25			100		136,247
4.38%, 05/15/28			146		194,291
Kraft Heinz Foods Co.
4.25%, 03/01/31	USD		3,132		3,448,133
6.88%, 01/26/39			1,474		2,030,559
4.63%, 10/01/39			497		536,965
6.50%, 02/09/40			980		1,279,786
5.00%, 06/04/42			15		16,881
5.20%, 07/15/45			626		724,004
4.38%, 06/01/46			1,874		1,959,022
4.88%, 10/01/49			4,869		5,461,132
5.50%, 06/01/50			6,564		8,035,661
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(c)			1,266		1,367,027
Picard Groupe SAS, (3 mo. EURIBOR + 3.00%), 3.00%, 11/30/23^(a)	EUR		300		351,314
Post Holdings, Inc.^(c)
5.75%, 03/01/27	USD		4		4,207
5.63%, 01/15/28			484		509,279
5.50%, 12/15/29			40		42,832
4.50%, 09/15/31			1,454		1,438,006
Premier Foods Finance PLC, 6.25%, 10/15/23	GBP		100		141,116
Quatrim SASU, 5.88%, 01/15/24	EUR		100		122,716
TreeHouse Foods, Inc., 4.00%, 09/01/28	USD		405		407,863
U.S. Foods, Inc.^(c)
6.25%, 04/15/25			841		901,552
4.75%, 02/15/29			1,671		1,671,000
United Natural Foods, Inc., 6.75%, 10/15/28^(c)			487		520,481

					38,202,262

Food Products — 0.7%
Aramark Services, Inc.
5.00%, 04/01/25^(c)			20		20,475
6.38%, 05/01/25^(c)			1,371		1,453,260
4.75%, 06/01/26			140		143,920
5.00%, 02/01/28^(c)			914		948,504
Chobani LLC/Chobani Finance Corp., Inc.^(c)
7.50%, 04/15/25			2,200		2,290,090
4.63%, 11/15/28			1,375		1,402,500
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28^(c)			1,116		1,219,230
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29^(c)			1,137		1,284,241
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(c)			1,452		1,464,734
Tereos Finance Groupe I SA, 7.50%, 10/30/25	EUR		145		184,274

					10,411,228

Gas Utilities — 0.1%
Superior Plus LP/Superior General Partner, Inc.,
4.50%, 03/15/29^(c)	USD		741		748,558


Health Care Equipment & Supplies^(c)— 0.9%
Avantor Funding, Inc., 4.63%, 07/15/28			5,020		5,242,687


Security		Par (000)		Value

Health Care Equipment & Supplies (continued)
Hologic, Inc., 3.25%, 02/15/29	USD		561	$	553,988
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA
7.38%, 06/01/25			1,882		2,023,338
7.25%, 02/01/28			4,799		5,258,072

					13,078,085

Health Care Providers & Services — 5.6%
Acadia Healthcare Co., Inc.^(c)
5.50%, 07/01/28			1,071		1,127,495
5.00%, 04/15/29			834		865,458
AdaptHealth LLC^(c)
6.13%, 08/01/28			744		788,640
4.63%, 08/01/29			637		633,815
AHP Health Partners, Inc., 9.75%, 07/15/26^(c)			1,561		1,691,734
Centene Corp.
4.25%, 12/15/27			1,209		1,271,718
4.63%, 12/15/29			5,577		6,036,015
3.00%, 10/15/30			3,751		3,744,773
2.50%, 03/01/31			4,572		4,366,351
CHS/Community Health Systems, Inc.^(c)
8.13%, 06/30/24			610		639,921
6.63%, 02/15/25			3,611		3,811,880
8.00%, 03/15/26			5,819		6,292,085
5.63%, 03/15/27			3,701		3,876,797
6.00%, 01/15/29			3,155		3,336,412
6.88%, 04/15/29			1,205		1,261,478
DaVita, Inc., 4.63%, 06/01/30^(c)			854		870,106
Encompass Health Corp.
4.50%, 02/01/28			131		134,160
4.75%, 02/01/30			1,096		1,127,456
4.63%, 04/01/31			520		538,200
HCA, Inc.
5.38%, 02/01/25			590		658,154
5.88%, 02/15/26			142		162,768
5.63%, 09/01/28			1,761		2,025,150
3.50%, 09/01/30			4,934		4,975,790
Legacy LifePoint Health LLC^(c)
6.75%, 04/15/25			1,050		1,115,625
4.38%, 02/15/27			420		411,600
LifePoint Health, Inc., 5.38%, 01/15/29^(c)			1,220		1,201,700
ModivCare, Inc., 5.88%, 11/15/25^(c)			391		411,528
Molina Healthcare, Inc.^(c)
4.38%, 06/15/28			1,896		1,950,908
3.88%, 11/15/30			1,483		1,525,636
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(c)			1,721		1,837,168
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(c)			433		468,723
Surgery Center Holdings, Inc.^(c)
6.75%, 07/01/25			1,992		2,036,222
10.00%, 04/15/27			3,608		3,977,820
Teleflex, Inc.
4.88%, 06/01/26			751		769,775
4.63%, 11/15/27			214		226,573
Tenet Healthcare Corp.
4.63%, 07/15/24			1,378		1,406,511
4.63%, 09/01/24^(c)			1,234		1,269,478
7.50%, 04/01/25^(c)			833		899,365
4.88%, 01/01/26^(c)			3,803		3,954,207
6.25%, 02/01/27^(c)			395		417,067


Security		Par (000)		Value

Health Care Providers & Services (continued)
Tenet Healthcare Corp. (continued)
5.13%, 11/01/27^(c)	USD		2,492	$	2,605,884
4.63%, 06/15/28^(c)			465		476,616
6.13%, 10/01/28^(c)			2,410		2,515,438
Vizient, Inc., 6.25%, 05/15/27^(c)			2,585		2,743,331

					82,457,531

Health Care Technology — 1.2%
CAB SELAS, 3.38%, 02/01/28	EUR		103		120,329
Catalent Pharma Solutions, Inc.
5.00%, 07/15/27^(c)	USD		625		654,687
2.38%, 03/01/28	EUR		432		504,180
3.13%, 02/15/29^(c)	USD		1,050		1,008,000
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(c)			6,190		6,309,776
Charles River Laboratories International, Inc.^(c)
4.25%, 05/01/28			1,108		1,141,240
4.00%, 03/15/31			544		553,003
IQVIA, Inc.^(c)
5.00%, 10/15/26			1,504		1,562,280
5.00%, 05/15/27			1,811		1,912,045
Mednax, Inc., 6.25%, 01/15/27^(c)			1,163		1,243,596
Syneos Health, Inc., 3.63%, 01/15/29^(c)			2,207		2,146,307
Synlab Bondco PLC, (3 mo. EURIBOR + 4.75%), 4.75%, 07/01/25^(a)	EUR		275		326,737
US Acute Care Solutions LLC, 6.38%, 03/01/26^(c)	USD		191		198,163

					17,680,343

Healthcare — 0.0%
Akumin, Inc., 7.00%, 11/01/25^(c)			600		638,250


Hotels, Restaurants & Leisure — 5.5%
1011778 BC ULC/New Red Finance, Inc.^(c) 5.75%, 04/15/25			648		688,500
3.88%, 01/15/28			271		273,911
4.38%, 01/15/28			1,701		1,709,029
Accor SA
0.70%, 12/07/27^(k)	EUR		157		100,161
(5 year EUR Swap + 4.56%), 4.38%^(a)(i)			100		120,946
Affinity Gaming, 6.88%, 12/15/27^(c)	USD		608		640,680
Boyd Gaming Corp.
8.63%, 06/01/25^(c)			1,191		1,324,392
6.38%, 04/01/26			585		604,013
4.75%, 12/01/27			931		948,903
Boyne USA, Inc., 7.25%, 05/01/25^(c)			1,136		1,180,872
Burger King France SAS, 6.00%, 05/01/24	EUR		100		119,486
Caesars Entertainment, Inc.^(c)
6.25%, 07/01/25	USD		7,617		8,119,836
8.13%, 07/01/27			5,602		6,177,577
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(c)			1,582		1,669,485
CCM Merger, Inc., 6.38%, 05/01/26^(c)			915		971,611
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op^(c)
5.50%, 05/01/25			3,928		4,134,377
6.50%, 10/01/28			293		314,975
Churchill Downs, Inc.^(c)
5.50%, 04/01/27			3,439		3,594,443
4.75%, 01/15/28			1,528		1,580,311
Cirsa Finance International Sarl, 4.75%, 05/22/25	EUR		247		279,519


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Codere Finance 2 Luxembourg SA, (4.50% Cash plus 7.13% PIK), 11.63%, 11/01/23^(c)(d)(h)(j)	USD		200	$	108,800
Codere Finance Luxembourg SA, 10.75%, 09/30/23^(m)	EUR		113		138,398
Full House Resorts, Inc., 8.25%, 02/15/28^(c)	USD		347		369,659
Gamma Bidco SpA, 6.25%, 07/15/25	EUR		249		304,237
Genting New York LLC / GENNY Capital, Inc.,
3.30%, 02/15/26^(c)	USD		459		458,207
Golden Nugget, Inc., 6.75%, 10/15/24^(c)			6,456		6,528,114
Hilton Domestic Operating Co., Inc.
5.38%, 05/01/25^(c)			772		813,688
5.75%, 05/01/28^(c)			600		645,762
4.88%, 01/15/30			1,647		1,747,138
4.00%, 05/01/31^(c)			690		690,000
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27			240		250,500
InterContinental Hotels Group PLC, 3.38%, 10/08/28	GBP		125		181,719
International Game Technology PLC
3.50%, 07/15/24	EUR		200		242,069
3.50%, 06/15/26			100		119,674
IRB Holding Corp., 7.00%, 06/15/25^(c)	USD		794		854,701
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26			386		403,129
Merlin Entertainments PLC, 5.75%, 06/15/26^(c)			484		511,830
MGM Resorts International
7.75%, 03/15/22			2,168		2,283,771
6.00%, 03/15/23			1,243		1,331,564
5.75%, 06/15/25			322		350,980
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., 8.50%, 11/15/27^(c)			919		987,925
Powdr Corp., 6.00%, 08/01/25^(c)			1,172		1,235,112
Scientific Games International, Inc.
8.63%, 07/01/25^(c)			1,054		1,145,909
5.00%, 10/15/25^(c)			2,186		2,264,040
3.38%, 02/15/26	EUR		800		937,222
8.25%, 03/15/26^(c)	USD		3,634		3,897,465
7.00%, 05/15/28^(c)			706		754,439
7.25%, 11/15/29^(c)			241		261,485
SeaWorld Parks & Entertainment, Inc., 9.50%, 08/01/25^(c)			825		896,631
Sisal Group SpA, 7.00%, 07/31/23	EUR		69		81,991
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(c)	USD		4,350		4,703,437
Station Casinos LLC, 4.50%, 02/15/28^(c)			1,147		1,142,704
Stonegate Pub Co. Financing PLC 8.00%, 07/13/25	GBP		136		195,327
8.25%, 07/31/25			100		145,442
Travel & Leisure Co., 6.63%, 07/31/26^(c)	USD		871		988,890
Vail Resorts, Inc., 6.25%, 05/15/25^(c)			811		864,729
Whitbread Group PLC, 2.38%, 05/31/27	GBP		125		171,196
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(c)	USD		811		820,326
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(c)			1,353		1,416,767
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(c⁾ 7.75%, 04/15/25			1,164		1,261,875


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(c)(continued)
5.13%, 10/01/29	USD		3,346	$	3,424,631
Yum! Brands, Inc.
4.75%, 01/15/30^(c)			238		251,637
5.35%, 11/01/43			30		31,650

					80,767,797

Household Durables — 1.3%
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.63%, 01/15/28^(c)			406		432,390
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.88%, 02/15/30^(c)			1,783		1,784,105
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(c)			1,212		1,299,870
Diebold Nixdorf, Inc., 9.38%, 07/15/25^(c)			645		718,369
Hurricane Finance PLC, 8.00%, 10/15/25	GBP		100		149,371
Installed Building Products, Inc., 5.75%, 02/01/28^(c)	USD		723		755,535
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(c)			2,650		2,835,500
Lennar Corp., 4.75%, 05/30/25			2		2,228
Mattamy Group Corp.^(c)
5.25%, 12/15/27			830		868,388
4.63%, 03/01/30			1,141		1,133,332
Meritage Homes Corp., 5.13%, 06/06/27			286		313,885
NCR Corp.^(c)
5.75%, 09/01/27			761		805,233
5.00%, 10/01/28			563		568,630
5.13%, 04/15/29^(b)			1,027		1,034,708
6.13%, 09/01/29			815		862,881
5.25%, 10/01/30			576		583,272
New Home Co., Inc., 7.25%, 10/15/25^(c)			378		391,309
Taylor Morrison Communities, Inc.^(c)
5.88%, 06/15/27			1,377		1,521,585
5.13%, 08/01/30			336		357,000
Tempur Sealy International, Inc., 4.00%, 04/15/29^(c)			1,718		1,709,410
Toll Brothers Finance Corp., 4.35%, 02/15/28			66		71,363
Tri Pointe Homes, Inc., 5.70%, 06/15/28			291		321,616

					18,519,980

Household Products — 0.1%
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., 5.00%, 12/31/26^(c)			1,040		1,040,000


Independent Power and Renewable Electricity Producers — 0.9%
Calpine Corp.^(c)
5.25%, 06/01/26			420		431,865
4.50%, 02/15/28			2,113		2,130,749
5.13%, 03/15/28			3,928		3,946,265
4.63%, 02/01/29			811		790,149
5.00%, 02/01/31			1,398		1,364,448
3.75%, 03/01/31			15		14,297
Clearway Energy Operating LLC, 4.75%, 03/15/28^(c)			690		717,869
NRG Energy, Inc.
5.75%, 01/15/28			14		14,875
5.25%, 06/15/29^(c)			163		174,410
3.63%, 02/15/31^(c)			1,591		1,551,225


Security		Par (000)		Value

Independent Power and Renewable Electricity Producers (continued)
TerraForm Power Operating LLC^(c)
4.25%, 01/31/23	USD		182	$	187,915
4.75%, 01/15/30			1,053		1,093,341

					12,417,408

Insurance — 2.0%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(c)
4.25%, 10/15/27			6,162		6,169,703
6.75%, 10/15/27			8,903		9,476,086
AmWINS Group, Inc., 7.75%, 07/01/26^(c)			1,278		1,367,460
Ardonagh Midco 2 PLC, (11.50% Cash or 12.75% PIK), 11.50%, 01/15/27^(c)(h)			402		430,387
AssuredPartners, Inc., 5.63%, 01/15/29^(c)			1,375		1,401,125
Galaxy Bidco Ltd., 6.50%, 07/31/26	GBP		100		145,897
GTCR AP Finance, Inc., 8.00%, 05/15/27^(c)	USD		1,979		2,124,951
Highlands Holdings Bond Issuer Ltd. / Highlands Holdings Bond Co-Issuer Inc., (7.63% Cash or 8.37% PIK), 7.63%, 10/15/25^(c)(h)			1,039		1,114,328
HUB International Ltd., 7.00%, 05/01/26^(c)			6,615		6,869,082
Liberty Mutual Group, Inc., (5 year EUR Swap + 3.70%), 3.63%, 05/23/59^(a)	EUR		100		119,518
Societa Cattolica di Assicurazioni SC, (3 mo. Euribor + 4.46%), 4.25%, 12/14/47^(a)			100		125,186
Unipol Gruppo SpA, 3.25%, 09/23/30			175		217,061

					29,560,784

Interactive Media & Services — 0.9%
Adevinta ASA, 3.00%, 11/15/27			100		121,081
Arches Buyer, Inc.^(c)
4.25%, 06/01/28	USD		562		560,988
6.13%, 12/01/28			244		251,320
Cablevision Lightpath LLC^(c)
3.88%, 09/15/27			866		857,340
5.63%, 09/15/28			1,201		1,218,655
Netflix, Inc.
4.88%, 04/15/28			400		452,500
5.88%, 11/15/28			1,914		2,315,114
6.38%, 05/15/29			216		267,840
3.88%, 11/15/29	EUR		196		273,576
5.38%, 11/15/29^(c)	USD		1,141		1,349,290
3.63%, 06/15/30	EUR		393		538,759
4.88%, 06/15/30^(c)	USD		343		394,978
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.^(c)
6.00%, 02/15/28			1,233		1,229,917
10.75%, 06/01/28			485		547,905
Twitter, Inc., 3.88%, 12/15/27^(c)			1,388		1,455,304
United Group BV
4.88%, 07/01/24	EUR		199		237,206
4.00%, 11/15/27			324		375,249

					12,447,022

Internet Software & Services — 1.2%
Endure Digital, Inc., 6.00%, 02/15/29^(c)	USD		1,003		980,332
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(c)
5.25%, 12/01/27			1,113		1,176,997
3.50%, 03/01/29			700		687,750
Match Group Holdings II LLC^(c)
4.63%, 06/01/28			813		830,691


Security		Par (000)		Value

Internet Software & Services (continued)
Match Group Holdings II LLC^(c)(continued)
5.63%, 02/15/29	USD		318	$	341,055
4.13%, 08/01/30			481		482,352
MercadoLibre, Inc., 2.38%, 01/14/26			8		7,902
Uber Technologies, Inc.^(c)
7.50%, 05/15/25			5,569		6,009,898
0.00%, 12/15/25^(k)(l)			1,757		1,845,948
8.00%, 11/01/26			1,878		2,032,935
7.50%, 09/15/27			2,264		2,500,771
6.25%, 01/15/28			1,033		1,125,143

					18,021,774

IT Services — 2.7%
Austin BidCo, Inc., 7.13%, 12/15/28^(c)			372		378,510
Banff Merger Sub, Inc.
8.38%, 09/01/26	EUR		100		123,280
9.75%, 09/01/26^(c)	USD		8,508		9,061,020
Booz Allen Hamilton, Inc., 3.88%, 09/01/28^(c)			1,867		1,876,802
Camelot Finance SA, 4.50%, 11/01/26^(c)			3,325		3,437,784
Castle US Holding Corp., 9.50%, 02/15/28^(c)			1,890		1,927,800
Centurion Bidco SpA, 5.88%, 09/30/26	EUR		125		152,636
Dun & Bradstreet Corp.^(c)
6.88%, 08/15/26	USD		2,137		2,281,675
10.25%, 02/15/27.			1,362		1,520,333
Fair Isaac Corp., 4.00%, 06/15/28^(c)			915		938,378
Gartner, Inc.^(c)
4.50%, 07/01/28			1,523		1,570,594
3.75%, 10/01/30			2,159		2,141,145
Presidio Holdings, Inc., 4.88%, 02/01/27^(c)			1,889		1,936,263
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(c)			2,268		2,306,159
Science Applications International Corp., 4.88%, 04/01/28^(c)			1,431		1,479,296
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.^(c)
5.75%, 06/01/25			1,117		1,179,831
6.75%, 06/01/25			4,922		5,029,669
Twilio, Inc., 3.88%, 03/15/31			709		724,144
Unisys Corp., 6.88%, 11/01/27^(c)			574		628,530
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(c)			1,280		1,255,334

					39,949,183

Leisure Products — 0.2%
Mattel, Inc.
6.75%, 12/31/25^(c)			532		559,371
5.88%, 12/15/27^(c)			769		844,224
3.75%, 04/01/29^(c)			569		572,556
6.20%, 10/01/40			349		409,203
5.45%, 11/01/41			840		917,700

					3,303,054

Machinery — 1.4%
ATS Automation Tooling Systems, Inc., 4.13%, 12/15/28^(c)			553		548,161
Clark Equipment Co., 5.88%, 06/01/25^(c)			1,375		1,454,922
Colfax Corp.^(c)
6.00%, 02/15/24			1,426		1,470,206
6.38%, 02/15/26			753		801,004
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(c)(h)			1,472		1,600,800
Loxam SAS, 3.75%, 07/15/26	EUR		115		135,535


Security		Par (000)		Value

Machinery (continued)
Mueller Water Products, Inc., 5.50%, 06/15/26^(c)	USD		1,130	$	1,167,799
Novafives SAS, 5.00%, 06/15/25	EUR		200		218,172
Platin 1426 GmbH, 5.38%, 06/15/23			100		118,233
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(c).	USD		932		950,920
Rebecca Bidco GmbH, 5.75%, 07/15/25	EUR		129		157,927
Sofima Holding SpA
3.75%, 01/15/28			123		145,144
(3 mo. Euribor + 4.00%), 4.00%, 01/15/28^(a)			117		138,262
Stevens Holding Co., Inc., 6.13%, 10/01/26^(c)	USD		813		871,943
Terex Corp.^(c)
5.63%, 02/01/25			1,055		1,084,677
5.00%, 05/15/29^(b)			1,651		1,709,115
Titan Acquisition Ltd./Titan Co-Borrower LLC,
7.75%, 04/15/26^(c)			2,649		2,751,516
Vertical Holdco GmbH
6.63%, 07/15/28	EUR		100		125,501
7.63%, 07/15/28^(c)	USD		1,432		1,539,758
Vertical Midco GmbH, 4.38%, 07/15/27	EUR		173		213,062
Vertical US Newco, Inc., 5.25%, 07/15/27^(c)	USD		3,533		3,698,609

					20,901,266

Media — 12.6%
Advantage Sales & Marketing, Inc., 6.50%, 11/15/28^(c)			798		829,920
Altice Financing SA
2.25%, 01/15/25	EUR		170		194,467
7.50%, 05/15/26^(c)	USD		4,428		4,627,260
3.00%, 01/15/28	EUR		196		219,778
5.00%, 01/15/28^(c)	USD		2,220		2,192,106
Altice France Holding SA^(c)
8.00%, 05/15/27	EUR		100		127,238
10.50%, 05/15/27.	USD		9,928		11,166,220
6.00%, 02/15/28			2,258		2,224,785
AMC Networks, Inc.
4.75%, 08/01/25			1,216		1,247,403
4.25%, 02/15/29			684		665,190
Block Communications, Inc., 4.88%, 03/01/28^(c)			791		805,641
Cable One, Inc.^(c)
1.13%, 03/15/28^(k)			1,164		1,172,730
4.00%, 11/15/30			936		925,891
CCO Holdings LLC/CCO Holdings Capital Corp.^(c)
5.13%, 05/01/27			1,999		2,113,573
5.88%, 05/01/27			142		146,544
5.00%, 02/01/28			262		277,104
5.38%, 06/01/29			2,119		2,272,628
4.75%, 03/01/30			1,252		1,297,385
4.50%, 08/15/30			5,597		5,704,462
4.25%, 02/01/31			1,194		1,196,651
4.50%, 05/01/32			4,562		4,619,025
Cinemark USA, Inc., 5.88%, 03/15/26^(c)			643		658,393
Clear Channel International BV, 6.63%, 08/01/25^(c)			1,965		2,053,641
Clear Channel Outdoor Holdings, Inc., 7.75%, 04/15/28^(c)			2,705		2,675,245
Clear Channel Worldwide Holdings, Inc.
9.25%, 02/15/24			1,576		1,639,513
5.13%, 08/15/27^(c)			7,948		7,993,701
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(c)			10,967		11,677,004
CSC Holdings LLC
5.25%, 06/01/24			859		926,646


Security		Par (000)		Value

Media (continued)
CSC Holdings LLC (continued)
5.75%, 01/15/30^(c)	USD		2,953	$	3,110,232
4.13%, 12/01/30^(c)			1,617		1,606,134
4.63%, 12/01/30^(c)			9,071		8,922,372
3.38%, 02/15/31^(c)			1,353		1,275,203
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/26^(c)			1,569		1,129,680
DISH DBS Corp.
6.75%, 06/01/21			2,590		2,610,720
5.88%, 07/15/22			5,096		5,322,772
5.00%, 03/15/23			1,948		2,032,251
7.75%, 07/01/26			5,863		6,471,198
DISH Network Corp.^(k)
2.38%, 03/15/24			1,680		1,614,900
3.38%, 08/15/26			2,495		2,398,444
Entercom Media Corp., 6.50%, 05/01/27^(c)			2,322		2,400,368
GCI LLC, 4.75%, 10/15/28^(c)			448		458,640
Hughes Satellite Systems Corp., 5.25%, 08/01/26			755		830,870
LCPR Senior Secured Financing DAC^(c)
6.75%, 10/15/27			3,016		3,215,508
5.13%, 07/15/29			2,237		2,276,416
Liberty Broadband Corp.^(c)(k)
1.25%, 09/30/50			2,588		2,531,064
2.75%, 09/30/50			4,538		4,585,243
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(c)(h)			1,535		1,535,461
Lions Gate Capital Holdings LLC^(c)
6.38%, 02/01/24			147		151,686
5.88%, 11/01/24			1,016		1,045,850
Live Nation Entertainment, Inc.
2.50%, 03/15/23^(k)			953		1,331,246
4.88%, 11/01/24^(c)			134		136,372
2.00%, 02/15/25^(k)			778		861,635
6.50%, 05/15/27^(c)			5,230		5,805,300
4.75%, 10/15/27^(c)			624		628,680
3.75%, 01/15/28^(c)			971		957,649
Lorca Telecom Bondco SA, 4.00%, 09/18/27	EUR		305		366,582
Meredith Corp., 6.88%, 02/01/26	USD		307		315,726
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(c)			972		1,010,588
Outfront Media Capital LLC/Outfront Media Capital Corp.^(c)
5.00%, 08/15/27			1,569		1,584,690
4.25%, 01/15/29			668		643,097
Pinewood Finance Co. Ltd., 3.25%, 09/30/25	GBP		206		289,671
Qualitytech LP/QTS Finance Corp., 3.88%, 10/01/28^(c)	USD		1,228		1,221,860
Radiate Holdco LLC/Radiate Finance, Inc.^(c)
4.50%, 09/15/26			3,166		3,201,617
6.50%, 09/15/28			6,404		6,762,304
Sable International Finance Ltd., 5.75%, 09/07/27^(c)			600		632,250
Scripps Escrow II, Inc.^(c)
3.88%, 01/15/29			87		85,478
5.38%, 01/15/31			870		863,475
SES SA, (5 year EUR Swap + 5.40%), 5.63%^(a)(i)	EUR		100		129,103
Sinclair Television Group, Inc., 4.13%, 12/01/30^(c)	USD		1,845		1,778,119
Sirius XM Radio, Inc.^(c)
5.50%, 07/01/29			2,576		2,785,300
4.13%, 07/01/30			896		897,030


Security		Par (000)		Value

Media (continued)
Summer BC Holdco A Sarl, 9.25%, 10/31/27	EUR		180	$	227,183
Summer BC Holdco B Sarl, 5.75%, 10/31/26			300		370,104
Summer BidCo BV, (9.00% Cash or 9.75% PIK),
9.00%, 11/15/25^(h)			151		180,708
TEGNA, Inc., 5.50%, 09/15/24^(c)	USD		144		146,340
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(c)			2,000		2,100,000
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(c)			1,477		1,477,000
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(c)			4,158		4,474,216
Univision Communications, Inc.^(c)
5.13%, 02/15/25			800		810,000
6.63%, 06/01/27			1,732		1,849,646
UPC Holding BV, 3.88%, 06/15/29	EUR		100		116,541
UPCB Finance VII Ltd., 3.63%, 06/15/29			360		426,394
Virgin Media Finance PLC, 3.75%, 07/15/30			142		166,660
Virgin Media Secured Finance PLC^(c)
5.50%, 05/15/29	USD		2,441		2,590,511
4.50%, 08/15/30			995		1,003,706
Virgin Media Vendor Financing Notes III DAC,
4.88%, 07/15/28	GBP		100		141,996
Virgin Media Vendor Financing Notes IV DAC,
5.00%, 07/15/28^(c)	USD		3,291		3,348,592
WMG Acquisition Corp.^(c)
5.50%, 04/15/26			347		356,751
3.88%, 07/15/30			655		661,317
Ziggo Bond Co. BV^(c)
6.00%, 01/15/27			291		303,368
5.13%, 02/28/30			1,395		1,426,388
Ziggo BV
4.25%, 01/15/27	EUR		206		250,728
5.50%, 01/15/27^(c)	USD		1,368		1,424,430
2.88%, 01/15/30	EUR		106		124,665
4.88%, 01/15/30^(c)	USD		1,651		1,687,545

					185,127,717

Metals & Mining — 2.8%
Allegheny Technologies, Inc., 7.88%, 08/15/23			284		308,055
Arconic Corp.^(c)
6.00%, 05/15/25			1,484		1,599,433
6.13%, 02/15/28			2,032		2,164,080
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(c)			5,873		6,396,862
Constellium SE^(c)
5.75%, 05/15/24			1,060		1,073,250
5.88%, 02/15/26			3,827		3,943,723
5.63%, 06/15/28			1,235		1,303,234
3.75%, 04/15/29			2,824		2,699,970
Freeport-McMoRan, Inc., 5.45%, 03/15/43			3,742		4,501,626
Glencore Funding LLC, Series GLEN, 0.00%, 03/27/25^(k)(l)			200		192,902
Grinding Media, Inc./Moly-Cop AltaSteel Ltd.,
7.38%, 12/15/23^(c)			1,645		1,681,108
Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28^(c).			850		952,000
Kaiser Aluminum Corp.^(c)
6.50%, 05/01/25			861		912,402
4.63%, 03/01/28			447		457,527
KME SE, 6.75%, 02/01/23	EUR		100		99,402
New Gold, Inc.^(c)
6.38%, 05/15/25	USD		239		246,170
7.50%, 07/15/27			2,345		2,428,716


Security		Par (000)		Value

Metals & Mining (continued)
Novelis Corp.^(c)
5.88%, 09/30/26	USD		2,012	$	2,100,025
4.75%, 01/30/30			4,149		4,276,374
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29	EUR		100		120,809
thyssenkrupp AG
1.88%, 03/06/23			127		148,990
2.88%, 02/22/24			409		488,402
United States Steel Corp.
6.25%, 03/15/26	USD		116		117,208
6.88%, 03/01/29			1,838		1,879,355
Vedanta Resources Finance II PLC^(c)
13.88%, 01/21/24			479		516,871
8.95%, 03/11/25			880		840,840

					41,449,334

Mortgage Real Estate Investment Trusts (REITs) — 0.0%
Starwood Property Trust, Inc., 5.50%, 11/01/23^(c)			157		164,065


Multi-line Retail — 0.6%
Dufry One BV, 2.00%, 02/15/27	EUR		194		213,398
Macy’s, Inc., 8.38%, 06/15/25^(c)	USD		3,066		3,390,291
Marks & Spencer PLC, 4.50%, 07/10/27	GBP		200		291,750
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(c)	USD		2,192		2,235,840
Nordstrom, Inc., 8.75%, 05/15/25^(c)			2,659		3,009,362

					9,140,641

Offshore Drilling & Other Services^(c)— 0.2%
Entegris, Inc.
4.63%, 02/10/26			1,250		1,293,750
4.38%, 04/15/28			1,037		1,069,303

					2,363,053

Oil, Gas & Consumable Fuels — 15.6%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(c)			2,727		2,822,445
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(c)
7.88%, 05/15/26			2,299		2,472,620
5.75%, 03/01/27			341		341,075
Antero Resources Corp.^(c)
8.38%, 07/15/26			483		532,508
7.63%, 02/01/29			1,310		1,395,150
Apache Corp.
4.88%, 11/15/27			1,094		1,121,350
4.38%, 10/15/28			87		86,739
5.10%, 09/01/40			642		627,555
5.25%, 02/01/42			359		353,615
4.75%, 04/15/43			1,015		941,413
4.25%, 01/15/44			229		206,098
5.35%, 07/01/49			305		291,275
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 9.00%, 11/01/27^(c)			2,218		2,816,860
Baytex Energy Corp., 8.75%, 04/01/27^(c)			1,746		1,584,495
Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, 12/15/25^(c)			867		934,383
Brand Industrial Services, Inc., 8.50%, 07/15/25^(c).			2,543		2,562,835
Buckeye Partners LP
4.13%, 03/01/25^(c)			151		154,064
3.95%, 12/01/26			302		298,515
4.50%, 03/01/28^(c)			1,071		1,073,677
5.85%, 11/15/43			816		792,634
5.60%, 10/15/44			1,073		1,034,909


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Callon Petroleum Co., 9.00%, 04/01/25^(c)	USD		2,183	$	2,214,392
Cellnex Telecom SA^(k)
Series CLNX, 0.50%, 07/05/28	EUR		100		149,986
Series CLNX, 0.75%, 11/20/31			500		564,467
Centennial Resource Production LLC
6.88%, 04/01/27^(c)	USD		1,284		1,142,760
3.25%, 04/01/28^(k)			450		430,335
Cheniere Energy Partners LP
5.63%, 10/01/26			1,480		1,547,636
4.50%, 10/01/29			2,308		2,393,442
4.00%, 03/01/31^(c)			3,661		3,725,067
Cheniere Energy, Inc., 4.63%, 10/15/28^(c)			6,712		6,970,680
Chesapeake Energy Corp.^(c)
5.50%, 02/01/26			308		320,596
5.88%, 02/01/29			974		1,032,440
CITGO Petroleum Corp.^(c)
7.00%, 06/15/25			1,453		1,494,774
6.38%, 06/15/26			1,302		1,313,757
CNX Resources Corp.^(c)
7.25%, 03/14/27			606		650,911
6.00%, 01/15/29			1,329		1,381,070
Colgate Energy Partners III LLC, 7.75%, 02/15/26^(c)			647		634,196
Comstock Resources, Inc.
7.50%, 05/15/25^(c)			933		967,988
9.75%, 08/15/26			689		749,288
6.75%, 03/01/29^(c)			2,877		2,948,925
Continental Resources, Inc.
5.00%, 09/15/22			843		843,674
4.50%, 04/15/23			146		151,212
5.75%, 01/15/31^(c)			1,271		1,436,052
4.90%, 06/01/44			1,171		1,171,023
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.25%, 04/01/23			385		385,077
5.63%, 05/01/27^(c)			1,096		1,076,820
6.00%, 02/01/29^(c)			1,064		1,048,040
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(c)			5,912		6,031,541
DCP Midstream Operating LP^(c)
6.45%, 11/03/36			1,282		1,432,635
6.75%, 09/15/37			2,344		2,616,490
Double Eagle III Midco 1 LLC/Double Eagle Finance Corp., 7.75%, 12/15/25^(c)			2,179		2,326,562
Dycom Industries, Inc., 4.50%, 04/15/29^(b)(c)			564		565,410
eG Global Finance PLC
4.38%, 02/07/25	EUR		133		152,291
6.75%, 02/07/25^(c)	USD		1,613		1,649,292
6.25%, 10/30/25	EUR		463		552,679
8.50%, 10/30/25^(c)	USD		1,586		1,688,646
Endeavor Energy Resources LP/EER Finance, Inc.^(c)
6.63%, 07/15/25			1,039		1,110,421
5.50%, 01/30/26			3,785		3,928,073
5.75%, 01/30/28			2,230		2,355,594
Energy Transfer Operating LP, 6.50%, 02/01/42			1,055		1,258,125
EnLink Midstream LLC
5.63%, 01/15/28^(c)			899		869,315
5.38%, 06/01/29			474		443,190
EnLink Midstream Partners LP
4.40%, 04/01/24			1,638		1,651,104


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
EnLink Midstream Partners LP (continued)
4.15%, 06/01/25	USD		108	$	105,593
4.85%, 07/15/26			297		286,911
5.60%, 04/01/44			1,316		1,092,280
5.05%, 04/01/45			220		170,177
EQM Midstream Partners LP
6.00%, 07/01/25^(c)			1,338		1,440,022
4.13%, 12/01/26			361		358,293
6.50%, 07/01/27^(c)			1,929		2,097,305
4.50%, 01/15/29^(c)			1,274		1,241,462
4.75%, 01/15/31^(c)			2,084		2,021,480
EQT Corp.
3.90%, 10/01/27			1,622		1,654,440
8.50%, 02/01/30			745		950,099
Genesis Energy LP/Genesis Energy Finance Corp.
5.63%, 06/15/24			201		196,478
6.50%, 10/01/25			350		343,088
8.00%, 01/15/27			1,093		1,106,684
7.75%, 02/01/28			188		188,056
Great Western Petroleum LLC/Great Western Finance Corp., 12.00%, 09/01/25^(c)			563		501,070
Harvest Midstream I LP, 7.50%, 09/01/28^(c)			1,816		1,951,655
Hess Midstream Operations LP^(c)
5.63%, 02/15/26			1,075		1,107,250
5.13%, 06/15/28			862		871,482
Hilcorp Energy I LP/Hilcorp Finance Co.^(c)
5.75%, 02/01/29			688		694,020
6.00%, 02/01/31			842		854,630
Holly Energy Partners LP/Holly Energy Finance Corp., 5.00%, 02/01/28^(c)			1,252		1,268,026
Indigo Natural Resources LLC, 5.38%, 02/01/29^(c).			2,572		2,533,960
Ithaca Energy North Sea PLC, 9.38%, 07/15/24^(c)			200		200,000
MasTec, Inc., 4.50%, 08/15/28^(c)			1,122		1,164,075
Matador Resources Co., 5.88%, 09/15/26			4,360		4,245,550
MEG Energy Corp.^(c)
6.50%, 01/15/25			2,625		2,711,494
7.13%, 02/01/27			1,017		1,065,308
5.88%, 02/01/29			891		893,228
Murphy Oil Corp.
5.75%, 08/15/25			833		832,833
6.38%, 07/15/28			560		560,406
6.38%, 12/01/42			141		128,310
Murphy Oil USA, Inc., 4.75%, 09/15/29			928		974,400
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(c)			200		200,750
New Enterprise Stone & Lime Co. Inc., 9.75%, 07/15/28^(c)			438		490,560
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26^(c)			480		492,000
New Fortress Energy, Inc.^(c)
6.75%, 09/15/25			6,060		6,226,044
6.50%, 09/30/26^(b)			5,746		5,789,095
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(c)			2,011		2,066,302
NGPL PipeCo LLC, 7.77%, 12/15/37^(c)			1,640		2,175,267
Northern Oil and Gas, Inc., 8.13%, 03/01/28^(c)			2,707		2,691,435
NuStar Logistics LP
5.75%, 10/01/25			719		769,704
6.00%, 06/01/26			908		978,901
6.38%, 10/01/30			75		81,094


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Occidental Petroleum Corp.
2.70%, 08/15/22	USD		2,138	$	2,138,802
2.70%, 02/15/23			858		856,044
6.95%, 07/01/24			363		398,316
2.90%, 08/15/24			2,523		2,495,348
5.50%, 12/01/25			614		649,305
3.40%, 04/15/26			440		427,240
3.20%, 08/15/26			90		86,356
3.00%, 02/15/27			25		23,524
8.88%, 07/15/30			164		206,804
6.13%, 01/01/31			1,235		1,363,687
4.30%, 08/15/39			2,394		2,030,136
6.20%, 03/15/40			3,730		3,832,575
4.50%, 07/15/44			1,099		936,766
4.63%, 06/15/45			2,824		2,471,282
6.60%, 03/15/46			57		60,711
4.40%, 04/15/46			2,413		2,066,590
4.10%, 02/15/47			340		272,432
4.20%, 03/15/48			1,598		1,298,535
4.40%, 08/15/49			472		394,719
Ovintiv Exploration, Inc.
5.75%, 01/30/22			430		444,091
5.38%, 01/01/26			211		232,527
Ovintiv, Inc.
7.38%, 11/01/31			485		616,917
6.50%, 08/15/34			690		835,360
Parkland Corp.^(c)
5.88%, 07/15/27			1,223		1,304,024
4.50%, 10/01/29^(b)			1,582		1,583,977
Parsley Energy LLC/Parsley Finance Corp.^(c)
5.63%, 10/15/27			937		1,015,474
4.13%, 02/15/28			1,738		1,840,107
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25^(c)			5,637		5,755,095
PDC Energy, Inc.
1.13%, 09/15/21^(k)			1,153		1,142,911
6.13%, 09/15/24			978		1,003,550
6.25%, 12/01/25			298		299,490
5.75%, 05/15/26			1,632		1,692,792
Plains All American Pipeline LP/PAA Finance Corp., 6.65%, 01/15/37			535		625,802
Range Resources Corp, 9.25%, 02/01/26			114		123,863
Range Resources Corp.
5.88%, 07/01/22			230		231,150
5.00%, 08/15/22			1,313		1,336,240
5.00%, 03/15/23			520		528,450
4.88%, 05/15/25			464		459,360
8.25%, 01/15/29^(c)			728		778,960
Rattler Midstream LP, 5.63%, 07/15/25^(c)			1,222		1,275,915
SM Energy Co.
6.13%, 11/15/22			203		200,162
5.00%, 01/15/24			97		91,229
10.00%, 01/15/25^(c)			4,914		5,528,250
Southwestern Energy Co.
4.10%, 03/15/22			1,362		1,362,000
6.45%, 01/23/25			76		81,580
7.50%, 04/01/26			237		250,751
8.38%, 09/15/28			370		406,075
Sunoco Logistics Partners Operations LP
5.30%, 04/01/44			1,065		1,121,961


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Sunoco Logistics Partners Operations LP (continued)
5.40%, 10/01/47	USD		1,948	$	2,103,435
Sunoco LP/Sunoco Finance Corp.
5.50%, 02/15/26			27		27,737
6.00%, 04/15/27			339		354,679
5.88%, 03/15/28			808		845,677
4.50%, 05/15/29^(c)			652		649,555
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(c)
5.50%, 09/15/24			1,057		1,072,855
7.50%, 10/01/25			711		765,285
6.00%, 12/31/30			784		774,984
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23			116		116,464
5.88%, 04/15/26			1,082		1,132,719
5.38%, 02/01/27			188		194,968
6.50%, 07/15/27			786		854,130
5.00%, 01/15/28			1,547		1,610,814
6.88%, 01/15/29			602		663,223
5.50%, 03/01/30			1,677		1,760,850
4.88%, 02/01/31^(c)			89		90,179
Teine Energy Ltd., 6.88%, 04/15/29^(b)(c)			970		981,737
Trafigura Funding SA, 3.88%, 02/02/26	EUR		175		204,812
Transocean, Inc., 11.50%, 01/30/27^(c)	USD		965		827,700
UGI International LLC, 3.25%, 11/01/25	EUR		100		119,773
Vine Energy Holdings LLC, 6.75%, 04/15/29^(b)(c)	USD		3,077		3,077,000
Vine Oil & Gas LP/Vine Oil & Gas Finance Corp., 8.75%, 04/15/23^(c)			246		261,867
Viper Energy Partners LP, 5.38%, 11/01/27^(c)			1,104		1,148,160
Western Midstream Operating LP
3.95%, 06/01/25			907		931,498
4.75%, 08/15/28			145		151,525
5.45%, 04/01/44			1,561		1,600,805
5.30%, 03/01/48			2,325		2,333,230
5.50%, 08/15/48			576		566,853
6.50%, 02/01/50			3,134		3,388,637

					228,379,794

Personal Products — 0.1%
Coty, Inc.
4.00%, 04/15/23	EUR		200		229,195
4.75%, 04/15/26			100		111,717
6.50%, 04/15/26^(c)	USD		100		100,777
Edgewell Personal Care Co., 5.50%, 06/01/28^(c)			472		498,432

					940,121

Pharmaceuticals — 3.0%
Bausch Health Americas, Inc., 9.25%, 04/01/26^(c)			306		339,048
Bausch Health Cos., Inc.^(c)
6.13%, 04/15/25			355		363,946
9.00%, 12/15/25			339		368,313
5.75%, 08/15/27			1,292		1,390,515
7.00%, 01/15/28			1,393		1,512,171
5.00%, 01/30/28			1,385		1,402,313
5.00%, 02/15/29			2,842		2,822,461
6.25%, 02/15/29			2,823		3,000,738
7.25%, 05/30/29			2,892		3,228,195
5.25%, 01/30/30			3,528		3,546,346


Security		Par (000)		Value

Pharmaceuticals (continued)
Bausch Health Cos., Inc.^(c)(continued)
5.25%, 02/15/31	USD		1,493	$	1,485,864
Cheplapharm Arzneimittel GmbH
3.50%, 02/11/27	EUR		166		197,199
4.38%, 01/15/28			100		122,547
5.50%, 01/15/28^(c)	USD		1,643		1,706,699
Diocle SpA, (3 mo. Euribor + 3.88%), 3.88%, 06/30/26^(a)	EUR		98		115,190
Elanco Animal Health, Inc., 5.90%, 08/28/28	USD		241		273,234
Endo Dac/Endo Finance LLC/Endo Finco, Inc.^(c)
9.50%, 07/31/27			2,219		2,410,389
6.00%, 06/30/28			1,287		1,042,470
Endo Luxembourg Finance Co. I Sarl/Endo US,
Inc., 6.13%, 04/01/29^(c)			2,740		2,763,975
Jaguar Holding Co. II/PPD Development LP^(c)
4.63%, 06/15/25			2,488		2,595,730
5.00%, 06/15/28			3,623		3,773,355
Nidda BondCo GmbH
5.00%, 09/30/25	EUR		100		118,386
7.25%, 09/30/25			237		287,644
Nidda Healthcare Holding GmbH, 3.50%,
09/30/24			100		117,856
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25^(c)	USD		1,300		1,391,000
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(c)			5,373		5,698,872
Prestige Brands, Inc., 3.75%, 04/01/31^(c)			834		795,428
Rossini Sarl, 6.75%, 10/30/25	EUR		201		249,266
Teva Pharmaceutical Finance Netherlands II BV
6.00%, 01/31/25			100		129,107
4.50%, 03/01/25			100		123,353
1.88%, 03/31/27			100		109,757
1.63%, 10/15/28			100		106,166
Teva Pharmaceutical Finance Netherlands III BV, 7.13%, 01/31/25	USD		200		219,940

					43,807,473

Real Estate Management & Development — 0.8%
Adler Group SA
3.25%, 08/05/25	EUR		200		244,560
2.75%, 11/13/26			100		119,669
Adler Real Estate AG, 3.00%, 04/27/26			100		122,530
Canary Wharf Group Investment Holdings PLC^(b)
1.75%, 04/07/26			100		118,192
3.38%, 04/23/28	GBP		100		136,967
Consus Real Estate AG, 9.63%, 05/15/24	EUR		200		247,241
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/28^(c)	USD		1,654		1,788,387
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24	EUR		100		113,166
Fastighets AB Balder, (5 year EUR Swap + 3.19%), 2.87%, 06/02/81^(a)			175		203,617
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(c)	USD		2,113		2,208,349
Greystar Real Estate Partners LLC, 5.75%,
12/01/25^(c)			412		423,330
Heimstaden Bostad AB^(a)(i)
(5 year EUR Swap + 3.15%), 2.63%	EUR		200		232,166
(5 year EUR Swap + 3.67%), 3.25%			100		120,788
(5 year EUR Swap + 3.91%), 3.38%			100		120,966


Security		Par (000)		Value

Real Estate Management & Development (continued)
Howard Hughes Corp.^(c)
5.38%, 08/01/28	USD		1,769	$	1,859,661
4.13%, 02/01/29			1,090		1,065,715
4.38%, 02/01/31			1,032		1,010,715
Peach Property Finance GmbH, 4.38%, 11/15/25	EUR		100		122,102
Realogy Group LLC/Realogy Co-Issuer Corp.^(c)
7.63%, 06/15/25	USD		684		746,791
5.75%, 01/15/29			1,363		1,344,259

					12,349,171

Road & Rail — 0.1%
Autostrade per l’Italia SpA
1.88%, 11/04/25	EUR		100		120,638
2.00%, 01/15/30			179		212,777
CMA CGM SA
6.50%, 07/15/22			54		62,491
7.50%, 01/15/26			215		275,137
Danaos Corp., 8.50%, 03/01/28^(c)	USD		726		775,913
Getlink SE, 3.50%, 10/30/25	EUR		220		268,314

					1,715,270

Semiconductors & Semiconductor Equipment — 1.0%
ams AG
6.00%, 07/31/25			200		251,106
2.13%, 11/03/27^(k)			100		117,882
Microchip Technology, Inc., 4.25%, 09/01/25^(c)	USD		3,992		4,170,632
ON Semiconductor Corp., 3.88%, 09/01/28^(c)			1,700		1,748,705
Sensata Technologies BV^(c)
5.63%, 11/01/24			1,400		1,554,000
5.00%, 10/01/25			2,021		2,233,205
4.00%, 04/15/29			1,159		1,179,897
Sensata Technologies, Inc., 4.38%, 02/15/30^(c)			1,643		1,721,042
Synaptics, Inc., 4.00%, 06/15/29^(c)			1,094		1,085,576

					14,062,045

Software — 3.5%
ACI Worldwide, Inc., 5.75%, 08/15/26^(c)			1,657		1,748,135
ANGI Group LLC, 3.88%, 08/15/28^(c)			1,361		1,361,000
Black Knight InfoServ LLC, 3.63%, 09/01/28^(c)			1,997		1,962,272
Boxer Parent Co., Inc.
6.50%, 10/02/25	EUR		373		465,499
7.13%, 10/02/25^(c)	USD		2,034		2,181,465
9.13%, 03/01/26^(c)			3,346		3,561,750
Brunello Bidco SpA, (3 mo. Euribor + 3.75%),
3.75%, 02/15/28^(a)	EUR		100		117,212
BY Crown Parent LLC, 7.38%, 10/15/24^(c)	USD		4,370		4,441,013
BY Crown Parent LLC/BY Bond Finance, Inc.,
4.25%, 01/31/26^(c)			3,105		3,224,325
Crowdstrike Holdings, Inc., 3.00%, 02/15/29			730		713,721
MSCI, Inc.^(c)
4.75%, 08/01/26			181		187,516
3.63%, 09/01/30			1,032		1,049,389
3.88%, 02/15/31			575		587,219
Nuance Communications, Inc., 5.63%, 12/15/26			884		927,095
Open Text Corp., 3.88%, 02/15/28^(c)			621		625,148
Open Text Holdings, Inc., 4.13%, 02/15/30^(c)			1,365		1,383,687
Playtika Holding Corp., 4.25%, 03/15/29^(c)			1,611		1,587,157
PTC, Inc., 4.00%, 02/15/28^(c)			493		500,395
Rocket Software, Inc., 6.50%, 02/15/29^(c)			2,044		2,062,396


Security		Par (000)		Value

Software (continued)
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(c)	USD		11,061	$	11,427,119
SS&C Technologies, Inc., 5.50%, 09/30/27^(c)			5,506		5,864,165
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(c)			5,216		5,417,599

					51,395,277

Specialty Retail — 1.5%
Gap, Inc., 8.88%, 05/15/27^(c)			932		1,088,110
Goldstory SASU, 5.38%, 03/01/26	EUR		100		120,032
L Brands, Inc.
6.88%, 07/01/25^(c)	USD		2,244		2,493,533
6.63%, 10/01/30^(c)			737		841,506
6.88%, 11/01/35			2,966		3,534,849
6.75%, 07/01/36			384		453,120
PetSmart, Inc./PetSmart Finance Corp.^(c)
4.75%, 02/15/28			1,897		1,940,081
7.75%, 02/15/29			5,971		6,463,309
Staples, Inc., 7.50%, 04/15/26^(c)			4,708		4,965,763
Tendam Brands SAU, (3 mo. EURIBOR + 5.25%), 5.25%, 09/15/24^(a)	EUR		100		110,380

					22,010,683

Textiles, Apparel & Luxury Goods — 0.2%
Crocs, Inc., 4.25%, 03/15/29^(c)	USD		870		848,267
European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21^(d)(j)(k)	EUR		200		194,258
Hanesbrands, Inc., 5.38%, 05/15/25^(c)	USD		277		293,100
Levi Strauss & Co.
5.00%, 05/01/25			98		99,909
3.50%, 03/01/31^(c)			616		594,440
William Carter Co.^(c)
5.50%, 05/15/25			264		281,568
5.63%, 03/15/27			543		573,544
Wolverine World Wide, Inc., 6.38%, 05/15/25^(c)			391		416,415

					3,301,501

Thrifts & Mortgage Finance — 0.6%
Genworth Mortgage Holdings, Inc., 6.50%, 08/15/25^(c)			3,140		3,393,162
Home Point Capital, Inc., 5.00%, 02/01/26^(c)			1,600		1,584,000
Jerrold Finco PLC, 5.25%, 01/15/27	GBP		140		195,416
MGIC Investment Corp., 5.25%, 08/15/28	USD		857		890,209
Nationstar Mortgage Holdings, Inc.^(c)
6.00%, 01/15/27			422		437,825
5.50%, 08/15/28			1,314		1,319,322
5.13%, 12/15/30			713		703,196
PennyMac Financial Services, Inc., 4.25%, 02/15/29^(c)			282		269,663

					8,792,793

Transportation — 0.0%
Autostrade per l’Italia SpA, 2.00%, 12/04/28	EUR		226		271,170


Transportation Infrastructure — 0.1%
Atlantia SpA, 1.88%, 02/12/28			269		318,676
Fraport AG Frankfurt Airport Services Worldwide, 1.88%, 03/31/28^(b)			250		297,837


Security		Par (000)		Value

Transportation Infrastructure (continued)
Heathrow Finance PLC, 4.63%, 09/01/29	GBP		215	$	299,837
National Express Group PLC, (5 year UK Government Bond + 4.14%), 4.25%^(a)(i)			100		142,513

					1,058,863

Utilities — 0.3%
ContourGlobal Power Holdings SA, 4.13%, 08/01/25	EUR		127		152,284
Orano SA, 2.75%, 03/08/28			100		121,326
Pattern Energy Operations LP/Pattern Energy
Operations, Inc., 4.50%, 08/15/28^(c)	USD		2,636		2,678,835
Solaris Midstream Holdings LLC, 7.63%, 04/01/26^(b)(c)			589		602,252
Thames Water Kemble Finance PLC, 4.63%,
05/19/26			252		351,562

					3,906,259

Wireless Telecommunication Services — 3.1%
Altice France SA
2.50%, 01/15/25	EUR		169		193,251
7.38%, 05/01/26^(c)	USD		2,858		2,972,606
5.88%, 02/01/27	EUR		100		124,893
8.13%, 02/01/27^(c)	USD		5,777		6,332,170
5.50%, 01/15/28^(c)			2,881		2,952,276
4.13%, 01/15/29	EUR		200		234,578
5.13%, 01/15/29^(c)	USD		794		803,925
GLP Capital LP/GLP Financing II, Inc., 4.00%, 01/15/31			511		528,106
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(c)			931		979,877
Matterhorn Telecom SA, 4.00%, 11/15/27	EUR		300		357,404
SBA Communications Corp., 3.88%, 02/15/27	USD		6,544		6,689,277
Sprint Corp.
7.88%, 09/15/23			924		1,056,132
7.13%, 06/15/24			764		879,555
T-Mobile USA, Inc.
4.75%, 02/01/28			357		379,587
2.88%, 02/15/31			2,353		2,274,174
3.50%, 04/15/31			2,103		2,118,772
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC^(c)
6.00%, 04/15/23			1,156		1,174,785
7.88%, 02/15/25			1,089		1,176,931
6.50%, 02/15/29			3,328		3,286,400
VICI Properties LP/VICI Note Co., Inc.^(c)
3.50%, 02/15/25			560		570,150
4.25%, 12/01/26			3,382		3,460,073
3.75%, 02/15/27			1,223		1,223,000
4.63%, 12/01/29			1,285		1,333,008
4.13%, 08/15/30			2,594		2,616,568
Vmed O2 UK Financing I PLC
3.25%, 01/31/31	EUR		200		235,746
4.25%, 01/31/31^(c)	USD		257		249,830


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
Vodafone Group PLC, (5 year EUR Swap + 3.23%), 3.00%, 08/27/80^(a)	EUR		100	$	120,969
VTR Comunicaciones SpA, 5.13%, 01/15/28^(c)	USD		957		998,749

					45,322,792


Total Corporate Bonds — 116.4%
(Cost: $1,627,929,167)					1,704,068,042


Floating Rate Loan Interests^(a)

Aerospace & Defense — 0.5%
Peraton Holding Corp.^(b)(n)
2nd Lien Term Loan B1, 02/23/29^(e)			1,611		1,635,165
Delayed Draw Term Loan B, 02/01/28			2,918		2,915,748
Term Loan B, 02/01/28			1,658		1,656,763
Spirit Aerosystems, Inc., 2020 Term Loan B, (1 mo. LIBOR + 5.25%, 0.75% Floor), 6.00%, 01/15/25.			1,030		1,033,426
WP CPP Holdings LLC, 2018 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/30/25			323		313,441

					7,554,543

Airlines — 0.4%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, 04/20/28^(b)(n)			3,327		3,404,632
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24			303		310,009
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27			962		1,021,076
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/20/27			1,648		1,728,752

					6,464,469

Auto Components — 0.1%
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 04/30/26			1,421		1,404,968


Automobiles — 0.1%
Mavis Tire Express Services Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 03/20/25			1,496		1,489,210


Building Products — 0.1%
CP Atlas Buyer, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/23/27 .			515		511,220
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 05/05/24			391		390,741

					901,961

Capital Markets — 0.0%
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.00%), 3.13%, 06/03/26			648		641,663


Chemicals — 0.9%
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 08/27/26			2,350		2,379,168
Atotech BV, 2021 USD Term Loan B, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 03/18/28.			2,566		2,556,377


Security		Par (000)		Value

Chemicals (continued)
Illuminate Buyer LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 06/30/27	USD		2,172	$	2,159,788
Invictus US LLC
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 03/28/25			1,995		1,971,340
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.86%, 03/30/26			298		295,839
Klockner-Pentaplast of America, Inc., 2021 Term Loan B, 02/09/26^(b)(n)			551		548,934
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 05/15/24			2,704		2,656,707

					12,568,153

Commercial Services & Supplies — 0.9%
Asurion LLC, 2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.36%, 12/23/26			2,245		2,228,754
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.36%, 12/12/25			491		490,979
Diamond (BC) BV, USD Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 09/06/24			2,615		2,600,094
GFL Environmental, Inc., 2020 Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 05/30/25.			548		548,042
Verscend Holding Corp.
2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.61%, 08/27/25			6,163		6,156,200
2021 Term Loan B, 08/27/25^(b)(n)			483		482,649

					12,506,718

Construction & Engineering — 1.1%
Brand Energy & Infrastructure Services, Inc.,
2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24			12,419		12,212,551
SRS Distribution, Inc.
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 05/23/25			2,772		2,732,843
2019 Incremental Term Loan B, (1 mo. LIBOR + 4.25%), 4.36%, 05/23/25			995		989,889

					15,935,283

Construction Materials — 0.0%
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23.			445		445,230


Containers & Packaging — 0.2%
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.44%, 04/03/24^(b)			2,399		2,345,419
Charter NEX US, Inc., 2020 Term Loan, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 12/01/27.			469		469,005

					2,814,424

Diversified Consumer Services — 0.1%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.61%, 01/31/27			366		362,266
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24.			560		557,001
TruGreen Limited Partnership, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%, 0.75% Floor), 9.25%, 11/02/28^(e)			868		894,040

					1,813,307


Security		Par (000)		Value

Diversified Financial Services — 1.1%
Applecaramel Buyer LLC, Term Loan B, (6 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 10/19/27	USD		2,926	$	2,918,353
Delta TopCo, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27			2,298		2,293,245
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, (3 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 02/16/28^(e)			802		794,983
LBM Acquisition LLC
Delayed Draw Term Loan, 12/18/27^(b)(n)			48		47,760
Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/18/27			216		214,921
Milano Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/01/27^(b)			4,265		4,244,324
Veritas US, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 09/01/25^(b)			5,034		5,037,891

					15,551,477

Diversified Telecommunication Services — 1.5%
Frontier Communications Corp., 2020 DIP Exit Term Loan, (1 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 10/08/21			1,624		1,617,228
Hargray Communications Group, Inc., 2017 Term Loan B, 05/16/24^(b)(n)			1,607		1,603,583
Intelsat Jackson Holdings SA 2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23			904		917,724
2017 Term Loan B4, (PRIME + 5.50%), 8.75%, 01/02/24			1,899		1,936,151
2017 Term Loan B5, (Fixed), 8.63%, 01/02/24^(o).			10,040		10,231,091
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22			4,441		4,487,083
Northwest Fiber LLC, 2021 Term Loan, (3 mo. LIBOR + 3.75%), 3.93%, 04/30/27			1,128		1,125,081

					21,917,941

Electrical Equipment — 0.1%
Gates Global LLC, 2021 Term Loan B3, (1 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 03/31/27.			1,247		1,242,723


Entertainment — 0.1%
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25%, 0.75% Floor), 7.00%,
11/12/25^(e)			2,107		2,159,675


Health Care Equipment & Supplies — 0.1%
Ortho-Clinical Diagnostics SA
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 06/30/25			455		454,190
EUR Term Loan B, (3 mo. LIBOR + 3.50%), 3.50%, 06/30/25	EUR		993		1,162,939

					1,617,129

Health Care Providers & Services — 1.1%
AHP Health Partners, Inc., 2021 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 06/30/25.	USD		943		943,758
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 01/08/27.			2,135		2,134,708
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 10/10/25 .			3,820		3,286,964


Security		Par (000)		Value

Health Care Providers & Services (continued)
EyeCare Partners LLC
2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.36%, 02/18/28	USD		3,500	$	3,354,155
2020 Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 02/18/27			748		739,813
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 2.75%), 2.88%, 07/02/25			1,128		1,119,787
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 08/06/26			998		993,116
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 9.25%, 04/29/25.			1,179		1,198,497
RegionalCare Hospital Partners Holdings, Inc.,
2018 Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 11/16/25			442		440,587
Sotera Health Holdings LLC, 2021 Term Loan, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 12/13/26			2,375		2,366,094
Surgery Center Holdings, Inc., 2020 Incremental Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 09/03/24			91		92,845

					16,670,324

Health Care Services — 0.1%
Azalea Topco, Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.71%, 07/25/26			985		976,051


Health Care Technology — 0.6%
Athenahealth, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.25%), 4.45%, 02/11/26			684		684,568
Verscend Holdings Corp., 2nd Lien Term Loan, 02/01/29^(b)(e)(n)			8,084		8,205,260

					8,889,828

Hotels, Restaurants & Leisure — 0.5%
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 12/23/24			1,496		1,473,064
2020 Term Loan B1, (1 mo. LIBOR + 4.50%), 4.61%, 07/20/25			900		901,562
Golden Nugget LLC, 2017 Incremental Term Loan B, (2 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 10/04/23			2,080		2,045,276
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23^(e)			292		331,156
IRB Holding Corp, 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/15/27			2,030		2,015,328
Life Time Fitness, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 12/16/24^(b)			1,344		1,340,641

					8,107,027


Security		Par (000)		Value

Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.11%, 08/12/26	USD		94	$	92,347


Industrial Conglomerates — 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		943,385
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23^(b)			1,796		1,799,957

					2,743,342

Insurance — 0.7%
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 05/09/25			1,995		1,967,035
HUB International Ltd., 2018 Term Loan B, 04/25/25^(b)(n)			1,400		1,379,322
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 09/01/27.			1,054		1,051,945
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 12/31/25			3,602		3,550,270
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 09/03/26			1,260		1,252,240
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			1,085		1,085,703

					10,286,515

Interactive Media & Services — 0.3%
Camelot U.S. Acquisition 1 Co., 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/31/26			641		640,751
Grab Holdings, Inc., Term Loan B, (6 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 01/29/26			3,896		3,954,440

					4,595,191

Internet & Direct Marketing Retail — 0.1%
CNT Holdings I Corp., 2020 Term Loan, (6 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 11/08/27			1,272		1,268,426


IT Services — 1.5%
Banff Merger Sub, Inc., 2021 USD Term Loan, (1 mo. LIBOR + 3.75%), 3.86%, 10/02/25			1,472		1,465,256
Celestial -Saturn Parent INC, 2nd Lien Term Loan, 03/22/29^(b)(n)			1,413		1,398,870
Greeneden US Holdings II LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/01/27			1,473		1,472,049
Optiv Security, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 02/01/24			2,244		2,161,496
Peak 10 Holding Corp.
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 3.70%, 08/01/24			865		804,473
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), 7.43%, 08/01/25			420		357,592


Security		Par (000)		Value

IT Services (continued)
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 02/13/27	USD		2,329	$	2,244,278
Sophia LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 10/09/28^(e)			10,251		10,532,903
TierPoint LLC, 2021 Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/05/26			908		902,064

					21,338,981

Life Sciences Tools & Services — 0.1%
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 09/27/24			1,907		1,882,927


Machinery — 0.7%
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.11%, 09/21/26			2,348		2,352,620
Titan Acquisition Ltd., 2018 Term Loan B, (6 mo. LIBOR + 3.00%), 3.27%, 03/28/25			7,488		7,326,106

					9,678,726

Media — 1.2%
A-L Parent LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23.			475		437,784
Altice Financing SA, 2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 07/15/25			241		235,641
Altice France SA, 2018 Term Loan B13, (3 mo. LIBOR + 4.00%), 4.20%, 08/14/26			1,003		999,309
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.71%, 08/21/26			6,290		6,033,253
Connect Finco Sarl, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/12/26.			1,013		1,008,855
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 09/13/24			1,995		1,970,894
2021 2nd Lien Term Loan, (1 mo. LIBOR + 6.25%), 6.36%, 02/23/29			288		289,440
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 09/25/26.			194		193,530
Terrier Media Buyer, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.61%, 12/17/26			850		841,774
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 03/09/27			6,160		6,105,787

					18,116,267

Oil, Gas & Consumable Fuels — 0.7%
Ascent Resources Utica LLC, 2020 Fixed 2nd Lien Term Loan, (Fixed), 10.00%, 11/01/25^(b)(o)			9,113		10,069,589
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.11%, 06/30/24^(e)			90		71,414

					10,141,003

Pharmaceuticals — 0.2%
Endo Luxembourg Finance Company I S.a r.l., 2021 Term Loan, (1 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 03/10/28^(b)			2,500		2,471,787


Professional Services — 0.2%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 02/06/26			3,049		3,029,724


Security		Par (000)		Value

Software — 2.8%
Barracuda Networks, Inc., 2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 10/30/28	USD		958	$	973,355
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26.			131		130,604
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.95%, 01/29/27			1,183		1,168,270
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24			979		977,878
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.51%, 05/27/24			1,712		1,623,217
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			506		521,813
2020 Term Loan, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 07/31/27			1,399		1,394,015
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.93%, 03/11/28			799		792,512
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed), 7.13%, 02/25/25^(o)			2,634		2,688,339
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 02/25/27			2,265		2,245,431
Mitchell International, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 11/29/24			2,379		2,338,276
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.36%, 11/30/25			613		610,813
Omnitracs, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.00%), 8.11%, 10/01/28^(e)			218		218,273
Planview Parent, Inc., 2nd Lien Term Loan, (1 Week LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/17/28			850		845,750
Project Alpha Intermediate Holding, Inc., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.11%, 04/26/24			1,008		1,004,691
RealPage, Inc^(b)(n)
Second Lien Term Loan, 03/31/26^(e)			6,751		6,920,128
Term Loan, 02/17/28			1,799		1,789,753
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.36%, 05/30/25 .			1,791		1,744,437
Sabre GLBL, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/17/27.			484		488,325
Severin Acquisition, LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.36%, 08/01/25^(b)			3,705		3,662,190
Solera LLC, USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.86%, 03/03/23			571		566,991
Sophia LP, 2020 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/07/27.			3,388		3,384,272
Tempo Acquisition LLC
2020 Extended Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/02/26			172		171,530
Term Loan, (1 mo. LIBOR + 2.75%), 2.86%, 05/01/24			1,849		1,845,035
Tibco Software, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.36%, 03/04/28			1,576		1,591,177


Security		Par (000)		Value

Software (continued)
Ultimate Software Group, Inc. 2021 Incremental Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 05/03/26	USD		883	$	882,571
Term Loan B, (1 mo. LIBOR + 3.75%), 3.86%, 05/03/26.			565		564,537

					41,144,183

Specialty Retail — 0.3%
PetSmart, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/12/28			3,167		3,159,716
Sotheby’s, Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 01/15/27			744		747,014

					3,906,730
Trading Companies & Distributors — 0.0%
Foundation Building Materials Holding Company LLC
2021 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/10/28			209		206,545
2021 Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/10/28			361		357,150

					563,695

Wireless Telecommunication Services — 0.2%
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.86%, 06/10/27			2,514		2,512,072


Total Floating Rate Loan Interests — 18.8% (Cost: $273,730,517)					275,444,020


		Shares

Investment Companies

Equity Funds — 0.7%
HYT Subsidary LLC			32,168		2,573,471
iShares Preferred & Income Securities ETF^(p)			203,000		7,795,200

					10,368,671


Total Investment Companies — 0.7% (Cost: $12,282,864)					10,368,671


		Par (000)

Preferred Securities

Capital Trusts — 3.6%⁽ⁱ⁾

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(a)	USD		655		707,400


Banks — 0.5%
Bankia SA, 6.38%^(a)	EUR		200		254,621
CaixaBank SA^(a)
5.25%			200		247,140
6.75%			200		259,495
CIT Group, Inc., Series A, 5.80%^(a)	USD		1,647		1,702,586
Erste Group Bank AG, 6.50%^(a)	EUR		200		263,271
ING Groep NV, 6.75%^(a)	USD		200		218,000
Intesa Sanpaolo SpA, 7.75%^(a)	EUR		200		287,030


Security		Par (000)		Value

Banks (continued)
National Westminster Bank PLC, Series C, 0.51%^(a)	USD		200	$	193,400
Stichting AK Rabobank Certificaten, 2.19%	EUR		155		235,725
Wells Fargo & Co., Series U, 5.88%^(a)	USD		3,035		3,341,535

					7,002,803

Diversified Financial Services^(a)— 2.7%
Banco Santander SA
4.38%	EUR		200		240,697
6.75%			200		247,018
Bank of America Corp.
Series AA, 6.10%	USD		130		144,300
Series DD, 6.30%			432		496,800
Series X, 6.25%			2,242		2,481,446
Series Z, 6.50%			1,634		1,830,080
BNP Paribas SA, 4.50%^(c)			1,230		1,214,010
Citigroup, Inc., Series Q, 4.29%			1,370		1,370,411
Credit Suisse Group AG^(c)
6.38%			3,145		3,349,425
5.25%			1,325		1,338,250
6.25%			200		212,744
7.50%			750		793,020
HSBC Holdings PLC, 6.00%			2,298		2,515,736
JPMorgan Chase & Co.
Series FF, 5.00%			5,918		6,117,732
Series HH, 4.60%			1,416		1,431,930
Series I, 3.68%			1,915		1,911,649
Series Q, 5.15%			850		879,240
Series U, 6.13%			4,228		4,531,084
Series V, 3.56%			1,137		1,131,884
Morgan Stanley, Series H, 3.85%			6,728		6,738,057
Natwest Group PLC, 8.63%			607		621,416
UniCredit SpA, 9.25%	EUR		225		286,896

					39,883,825

Diversified Telecommunication Services^(a)— 0.1%
Telefonica Europe BV
5.88%			200		262,685
4.38%			600		764,545

					1,027,230

Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26.			320		384,646


Insurance^(a)— 0.0%
Achmea BV, 4.63%			200		250,793
Legal & General Group PLC, 5.63%	GBP		200		300,477

					551,270

Oil, Gas & Consumable Fuels^(a)— 0.0%
Abertis Infraestructuras Finance BV, 3.25%	EUR		200		240,270
BP Capital Markets PLC, 4.25%^(d)	GBP		125		182,664
Repsol International Finance BV
3.75%	EUR		100		125,785
4.25%			100		129,144

					677,863

Real Estate Management & Development — 0.0%
Aroundtown SA, 3.38%^(a)			200		244,093


Utilities^(a)— 0.1%
Electricite de France SA 3.00%			200		246,235


Security		Par (000)		Value

Utilities (continued)
Electricite de France SA (continued)
2.88%	EUR		200	$	243,942
3.38%			400		499,570
6.00%	GBP		100		154,748

					1,144,495

Wireless Telecommunication Services^(a)— 0.1%
Vodafone Group PLC
3.10%, 01/03/79	EUR		300		366,558
4.20%, 10/03/78			300		396,032

					762,590


Total Capital Trusts — 3.6%				52,386,215


		Shares

Preferred Stocks — 0.7%⁽ⁱ⁾

Banks — 0.0%
CF-B L2 (D), LLC, (Acquired 04/08/15, Cost: $656,673)^(g)			671,058		6,905


Commercial Services & Supplies — 0.0%
Verscend Intermediate Holding^(e)			790		774,200


Insurance — 0.1%
Alliant Holdings, Inc.^(e)			1,431		1,406,659


Technology Hardware, Storage & Peripherals — 0.6%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $7,000,256)^(e)(g)			63,886		8,399,566


Total Preferred Stocks — 0.7%				10,587,330


Total Preferred Securities — 4.3% (Cost: $59,650,570)					62,973,545


Warrants

Oil, Gas & Consumable Fuels — 0.1%
SM Energy Co. (Expires 06/30/23)^(d)			106,505		1,742,422


Total Warrants — 0.1% (Cost: $456,911)					1,742,422


Total Long-Term Investments — 144.0% (Cost: $2,044,575,372)					2,108,607,943


Security	Shares		Value

Short-Term Securities

Money Market Funds — 0.2%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(p)(q)		3,466,270	$	3,466,270


Total Short-Term Securities — 0.2% (Cost: $3,466,270)				3,466,270


Options Purchased — 0.0% (Cost: $10,317)				16,992


Total Investments — 144.2% (Cost: $2,048,051,959)				2,112,091,205

Liabilities in Excess of Other Assets — (44.2)%			(647,626,559)


Net Assets — 100.0%			$	1,464,464,646

^(a)	Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(b)	When-issued security.

^(c)	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.

^(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)	All or a portion of the security is held by a wholly-owned subsidiary.

^(g)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $9,388,884, representing 0.64% of its net assets as of period end, and an original cost of $8,065,673.

^(h)	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.

⁽ⁱ⁾	Perpetual security with no stated maturity date.

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

^(k)	Convertible security.

^(l)	Zero-coupon bond.

^(m)	Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

⁽ⁿ⁾	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.

^(o)	Fixed rate.

^(p)	Affiliate of the Trust.

^(q)	Annualized 7-day yield as of period end.

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.

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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 table summarizes the Trust’s investments categorized in the fair value 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 following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Trust’s Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third party pricing information in the amount of $31,834,519. A significant change in third party information could result in a significantly lower or higher value of such Level 3 financial instruments.


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts
Euro-BOBL		2		06/08/21	$	317	$	960
Euro-Bund		1		06/08/21		201		503
10-Year U.S. Treasury Note		175		06/21/21		22,914		581,908
U.S. Ultra Bond		69		06/21/21		12,504		595,304
Long Gilt		1		06/28/21		176		(43	)
5-Year U.S. Treasury Note		153		06/30/21		18,880		234,259

							$	1,412,891


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
GBP	127,000	USD	174,989	State Street Bank and Trust Co.		04/01/21	$	93
USD	44,365,275	EUR	37,233,000	BNP Paribas S.A.		06/16/21		636,764
USD	967,185	EUR	806,000	Deutsche Bank AG		06/16/21		20,574
USD	114,758	EUR	97,000	Natwest Markets PLC		06/16/21		835
USD	196,277	EUR	167,000	State Street Bank and Trust Co.		06/16/21		143
USD	206,301	EUR	173,000	State Street Bank and Trust Co.		06/16/21		3,120
USD	2,918,531	EUR	2,449,024	State Street Bank and Trust Co.		06/16/21		42,261
USD	473,950	GBP	341,353	Barclays Bank PLC		06/16/21		3,260
USD	268,557	GBP	193,000	Royal Bank of Canada		06/16/21		2,430
USD	6,451,408	GBP	4,617,000	Westpac Banking Corp.		06/16/21		85,046

								794,526

CAD	362,000	USD	291,817	Royal Bank of Canada		06/16/21		(3,733	)
EUR	490,000	USD	579,763	Commonwealth Bank of Australia		06/16/21		(4,280	)
EUR	506,000	USD	603,416	Deutsche Bank AG		06/16/21		(9,141	)
EUR	705,000	USD	840,747	Westpac Banking Corp.		06/16/21		(12,756	)
USD	585,073	CAD	740,087	UBS AG		06/16/21		(3,898	)
USD	175,032	GBP	127,000	State Street Bank and Trust Co.		06/16/21		(88	)

								(33,896	)

							$	760,630


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	$	9,421	$	64,304	$	(54,883	)


Reference Obligation/Index	Financing Rate Received by the Trust			Payment Frequency		Counterparty	Termination Date		Credit Rating^(a)	Notional Amount (000)^(b)			Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
CenturyLink, Inc.		1.00	%		Quarterly	Barclays Bank PLC		12/20/23	NR		USD	856	$	(13,461)	$	(37,049)	$	23,588
Altice France SA.		5.00			Quarterly	Credit Suisse International		06/20/25	B		EUR	80		7,826		7,858		(32)
CenturyLink, Inc.		1.00			Quarterly	Barclays Bank PLC		06/20/25	NR		USD	1,221		(62,863)		(142,170)		79,307
						Morgan Stanley & Co.
Adler Real Estate AG		5.00			Quarterly	International PLC		12/20/25	BB+		EUR	60		10,188		9,758		430
International Game Technology PLC		5.00			Quarterly	Goldman Sachs International		12/20/25	BB		EUR	60		6,996		7,103		(107)
Virgin Media Finance PLC		5.00			Quarterly	JPMorgan Chase Bank N.A.		12/20/25	B		EUR	70		9,380		8,784		596
International Game Technology PLC		5.00			Quarterly	JPMorgan Chase Bank N.A.		06/20/26	BB		EUR	30		3,338		3,332		6

													$	(38,596)	$	(142,384)	$	103,788


Affiliated Issuer	Value at 12/31/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 03/31/21		Shares Held at 03/31/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	—	$	3,466,270	^(a)	$	—		$	—	$	—		$	3,466,270		3,466,270	$	140	$	—
iShares Preferred & Income Securities ETF		9,511,970		—			(1,675,627	)		62,881		(104,024	)		7,795,200		203,000		67,477		—

									$	62,881	$	(104,024	)	$	11,261,470			$	67,617	$	—


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	2,266,290	$	—	$	2,266,290
Common Stocks
Auto Components		41,144		—		—		41,144
Building Products		47,096		—		—		47,096
Chemicals		5,228,448		—		—		5,228,448
Communications Equipment		1,103,032		—		—		1,103,032
Consumer Finance		119,981		—		—		119,981


	Common Stocks			Corporate Bonds		Floating Rate Loan Interests			Preferred Stocks		Total
Assets
Opening balance, as of December 31, 2020	$	1,712,957		$	2,451,440	$	19,366,986		$	10,338,450	$	33,869,833
Transfers into Level 3		—			26,412		214,730			—		241,142
Transfers out of Level 3		—			—		(5,830,946	)		—		(5,830,946	)
Accrued discounts/premiums		—			34,652		11,205			—		45,857
Net realized gain (loss)		(3,355,506	)		3		—			—		(3,355,503	)
Net change in unrealized appreciation (depreciation)^(a)		3,515,406			1,038,283		1,041,796			4,323,298		9,918,783


	Common Stocks			Corporate Bonds			Floating Rate Loan Interests		Preferred Stocks			Total
Purchases	$	—		$	28,055		$	16,959,226	$	774,200		$	17,761,481
Sales		(803,028	)		(40,021	)		—		(4,855,523	)		(5,698,572	)

Closing balance, as of March 31, 2021	$	1,069,829		$	3,538,824		$	31,762,997	$	10,580,425		$	46,952,075

Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2021^(a)	$	3,515,406		$	1,038,283		$	1,041,796	$	1,397,878		$	6,993,363


	Value		Valuation Approach		Unobservable Inputs		Range of Unobservable Inputs Utilized^(a)			Weighted Average of Unobservable Inputs Based on Fair Value
Assets
Common Stocks	$	1,047,594		Market		EBITDA Multiple		3.00x			—
						Estimated Recovery Value		—			—
						Recent Transactions		—			—

Corporate Bonds		3,489,537		Income		Discount Rate		11	%		—
				Market		EBITDA Multiple		3.00x			—

Preferre d Stocks		10,580,425		Income		Discount Rate		11% - 28%			26	%
				Market		Revenue Multiple		14.84x			—
						Recent Transactions		—			—

	$	15,117,556


Currency Abbreviation		Portfolio Abbreviation (continued)

CAD	Canadian Dollar	REIT Real Estate Investment Trust

EUR	Euro

GBP	British Pound

USD	United States Dollar

Portfolio Abbreviation

CAB	Capital Appreciation Bonds

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


CONSOLIDATED SCHEDULE OF INVESTMENTS		1


CONSOLIDATED SCHEDULE OF INVESTMENTS		3


CONSOLIDATED SCHEDULE OF INVESTMENTS		5


CONSOLIDATED SCHEDULE OF INVESTMENTS		7