BlackRock Corporate High Yield Fund


Security		Par (000)		Value

Asset-Backed Securities
AlbaCore EURO CLO I DAC, Series 1X, Class ER, (3 mo. Euribor + 5.96%), 5.96%, 10/18/34^(a)(b)	EUR		100	$	115,083
Anchorage Capital Europe CLO 2 DAC, Series 2X, Class ER, (3 mo. Euribor + 6.45%), 6.45%, 04/15/34^(a)(b)			203		234,713
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 1.92%, 05/15/30^(b)(c)	USD		500		498,618
Aurium CLO II DAC, Series 2X, Class ERR, (3 mo. Euribor + 6.08%), 6.08%, 06/22/34^(a)(b)	EUR		100		114,548
BBAM European CLO I DAC, Series 1X, Class ER, (3 mo. Euribor + 5.91%), 5.91%, 07/22/34^(a)(b)			100		114,421
Bilbao CLO II DAC, Series 2X, Class DR, (3 mo. Euribor + 5.97%), 5.97%, 08/20/35^(a)(b)			100		114,780
BlueMountain Fuji Eur CLO IV DAC, Series 4X, Class ER, (3 mo. Euribor + 6.21%), 6.21%, 02/25/34^(a)(b)			100		115,231
Contego CLO IX DAC, Series 9X, Class E, (3 mo. Euribor + 6.01%), 6.01%, 01/24/34^(a)(b)			100		113,854
Contego CLO VIII DAC, Series 8X, Class ER, (3 mo. Euribor + 6.06%), 6.06%, 01/25/34^(a)(b)			100		114,927
CVC Cordatus Loan Fund XX DAC, Series 20X, Class E, (3 mo. Euribor + 5.61%), 5.61%, 06/22/34^(a)(b)			100		113,756
Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 2.08%, 07/15/31^(b)(c)	USD		250		248,287
Greene King Finance PLC^(b)
Series B1, (3 mo. LIBOR GBP + 1.80%), 1.87%, 12/15/34	GBP		100		113,204
Series B2, (3 mo. LIBOR GBP + 2.08%), 2.15%, 03/15/36^(a)			100		112,575
Invesco Euro CLO, Series 6X, Class E, (3 mo. Euribor + 5.99%), 5.99%, 07/15/34^(a)(b)	EUR		100		114,208
Neuberger Berman Loan Advisers Euro CLO 2 DAC, Series 2021-2X, Class E, (3 mo. Euribor + 6.06%), 6.06%, 04/15/34^(a)(b)			100		114,746
Northwoods Capital 21 Euro DAC, Series 2020-21X, Class ER, (3 mo. Euribor + 6.06%), 6.06%, 07/22/34^(a)(b)			100		113,596
Northwoods Capital 23 Euro DAC, Series 2021-23X, Class E, (3 mo. Euribor + 6.21%), 6.21%, 03/15/34^(a)(b)			100		113,864
OCP Euro CLO DAC, Series 2019-3X, Class ER, (3 mo. Euribor + 6.02%), 6.02%, 04/20/33^(a)(b)			100		113,720
Providus Clo III DAC, Series 3X, Class ER, (3 mo. Euribor + 6.26%), 6.26%, 07/18/34^(a)(b)			100		115,114
Rockfield Park CLO, Class D, (3 mo. Euribor + 5.95%), 5.95%, 07/16/34^(a)(b)			100		114,791


Security		Par (000)		Value

Asset-Backed Securities (continued)
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32^(a)	GBP		300	$	484,967
Voya CLO, Class ER, (3 mo. Euribor + 6.02%), 6.02%, 07/15/35^(a)(b)	EUR		100		114,575


Total Asset-Backed Securities — 0.2% (Cost: $3,526,280)					3,523,578


		Shares

Common Stocks

Auto Components — 0.0%
Lear Corp.			227		35,521


Building Products — 0.0%
AZEK Co., Inc.^(d)			1,120		40,913


Chemicals — 0.3%
Diversey Holdings Ltd.^(d)			134,751		2,161,406
Element Solutions, Inc.			93,471		2,026,451

					4,187,857

Communications Equipment — 0.0%
CommScope Holding Co., Inc.^(d)			47,956		651,722


Consumer Finance — 0.0%
Ally Financial, Inc.			1		51


Containers & Packaging — 0.1%
ARDAGH MP USA, Inc., (Acquired 08/02/21, Cost: $1,599,353)^(e)			162,646		1,619,954


Diversified Financial Services^(f)— 0.0%
Kcad Holdings I Ltd.			2,223,465,984		22,235
UCI International Remainco LLC			109,729		1

					22,236

Diversified Telecommunication Services — 0.0%
Liberty Global PLC, Class A^(d)			941		28,042


Electrical Equipment — 0.1%
Sensata Technologies Holding PLC^(d)			25,492		1,394,922


Energy Equipment & Services — 0.0%
Pioneer Energy Services Corp.			5,062		78,765


Equity Real Estate Investment Trusts (REITs) — 0.6%
Gaming and Leisure Properties, Inc.			84,514		3,914,689
VICI Properties, Inc.			198,954		5,652,283

					9,566,972

Hotels, Restaurants & Leisure — 0.1%
Aramark			28,378		932,501


Life Sciences Tools & Services^(d)— 0.3%
Avantor, Inc.			56,168		2,297,271
Syneos Health, Inc.			20,763		1,816,347

					4,113,618

Media^(d)— 0.1%
Clear Channel Outdoor Holdings, Inc.			482,919		1,308,710


Security		Shares		Value

Media (continued)
Emmis Communications Corp., Class A			7,210	$	14,781
Mediaco Holding, Inc., Class A			912		10,634

					1,334,125

Metals & Mining — 0.1%
Constellium SE^(d)			115,056		2,160,752


Oil, Gas & Consumable Fuels — 1.4%
Chesapeake Energy Corp.^(g)			118,098		7,273,656
Devon Energy Corp.			21,188		752,386
Diamondback Energy, Inc.			19,884		1,882,418
DTE Midstream LLC^(d)			27,210		1,258,190
Energy Transfer LP			103,557		992,076
Enterprise Products Partners LP			37,765		817,235
EQT Corp.^(d)			127,714		2,613,028
Extraction Oil & Gas, Inc., (Acquired 03/05/21, Cost: $408,744)^(e)			27,964		1,578,568
Extraction Oil & Gas, Inc.^(d)			1,280		72,256
Plains All American Pipeline LP			182,386		1,854,866
SM Energy Co.			27,668		729,882
Western Midstream Partners LP			13,487		282,687

					20,107,248

Road & Rail — 0.1%
Uber Technologies, Inc.^(d)			16,970		760,256


Semiconductors & Semiconductor Equipment^(d)— 0.0%
Maxeon Solar Technologies Ltd.			128		2,257
SunPower Corp.			1,025		23,247

					25,504


Total Common Stocks — 3.2% (Cost: $59,492,986)				47,060,959


		Par (000)

Corporate Bonds

Aerospace & Defense — 4.7%
Amsted Industries, Inc., 5.63%, 07/01/27^(c)	USD		890		928,733
Boeing Co., 5.93%, 05/01/60			3,452		4,715,691
Bombardier, Inc.^(c)
7.50%, 12/01/24			1,274		1,324,960
7.50%, 03/15/25			449		458,528
7.13%, 06/15/26			3,536		3,712,800
7.88%, 04/15/27			2,792		2,894,536
6.00%, 02/15/28			1,921		1,942,611
7.45%, 05/01/34			234		273,488
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,287,900
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(c)			2,295		2,363,850
Howmet Aerospace, Inc., 5.13%, 10/01/24			44		48,523
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(c)			1,810		1,875,613
Rolls-Royce PLC
4.63%, 02/16/26^(a)	EUR		100		128,290
5.75%, 10/15/27^(c)	USD		3,313		3,660,865
Spirit AeroSystems, Inc., 5.50%, 01/15/25^(c)			926		979,245
TransDigm, Inc.
8.00%, 12/15/25^(c)			1,221		1,301,891
6.25%, 03/15/26^(c)			31,017		32,335,222
6.38%, 06/15/26			638		658,199


Security		Par (000)		Value

Aerospace & Defense (continued)
TransDigm, Inc. (continued)
7.50%, 03/15/27	USD		445	$	466,138
4.63%, 01/15/29			1,492		1,489,396
4.88%, 05/01/29			1,665		1,668,097
Triumph Group, Inc., 8.88%, 06/01/24^(c)			3,769		4,145,900

					69,660,476

Airlines — 2.6%
Air Canada, 3.88%, 08/15/26^(c)			2,313		2,333,933
Air France-KLM, 3.88%, 07/01/26^(a)	EUR		100		114,985
American Airlines, Inc., 11.75%, 07/15/25^(c)	USD		3,818		4,724,775
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(c)
5.50%, 04/20/26			2,791		2,933,750
5.75%, 04/20/29			4,499		4,847,996
Delta Air Lines, Inc., 7.00%, 05/01/25^(c)			1,120		1,306,200
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, 10/20/28^(c)			3,066		3,418,590
Deutsche Lufthansa AG ^(a)
2.88%, 02/11/25	EUR		100		119,448
3.75%, 02/11/28			200		243,267
3.50%, 07/14/29			300		358,820
Finnair OYJ, 4.25%, 05/19/25^(a)			200		239,489
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(c)	USD		1,377		1,440,686
International Consolidated Airlines Group SA^(a)
2.75%, 03/25/25	EUR		200		233,698
3.75%, 03/25/29			100		117,226
Series IAG, 1.13%, 05/18/28			200		228,174
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(c)	USD		4,358		4,738,976
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(c)			216		242,224
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/27			4,594		5,140,639
Series 2020-1, Class B, 4.88%, 07/15/27			261		277,009
United Airlines, Inc.^(c)
4.38%, 04/15/26			2,515		2,581,019
4.63%, 04/15/29			2,352		2,430,674

					38,071,578

Auto Components — 2.0%
Adient US LLC, 9.00%, 04/15/25^(c)			1,088		1,175,040
Clarios Global LP, 6.75%, 05/15/25^(c)			1,189		1,254,395
Clarios Global LP/Clarios US Finance Co. 4.38%, 05/15/26^(a)	EUR		301		360,436
6.25%, 05/15/26^(c)	USD		5,385		5,657,750
8.50%, 05/15/27^(c)			10,180		10,828,975
Dana Financing Luxembourg Sarl, 3.00%, 07/15/29^(a)	EUR		100		118,152
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(c)	USD		2,020		2,114,773
Dornoch Debt Merger Sub, Inc., 6.63%, 10/15/29^(c)(h)			601		601,000
Faurecia SE^(a)
3.75%, 06/15/28	EUR		100		120,468
2.38%, 06/15/29			100		116,993
Goodyear Europe BV, 2.75%, 08/15/28^(a)			100		116,786
Goodyear Tire & Rubber Co. 9.50%, 05/31/25	USD		1,085		1,190,787


Security		Par (000)		Value

Auto Components (continued)
Goodyear Tire & Rubber Co. (continued)
5.00%, 07/15/29^(c)	USD		724	$	768,345
5.25%, 07/15/31^(c)			2,036		2,168,340
5.63%, 04/30/33			1,772		1,931,480
Grupo Antolin-Irausa SA, 3.50%, 04/30/28^(a)	EUR		146		160,240
IHO Verwaltungs GmbH, (4.63% PIK), 3.88%, 05/15/27^(a)(i)			100		118,870
Leather 2 SpA, (3 mo. Euribor + 4.50%), 4.50%, 09/30/28^(a)(b)			100		116,067
Meritor, Inc., 4.50%, 12/15/28^(c)	USD		383		383,957
Tenneco, Inc., 7.88%, 01/15/29^(c)			292		325,945
Titan International, Inc., 7.00%, 04/30/28^(c)			348		366,705
ZF Europe Finance BV, 2.00%, 02/23/26^(a)	EUR		100		116,845
ZF Finance GmbH^(a)
2.00%, 05/06/27			200		232,828
2.75%, 05/25/27			100		119,905

					30,465,082

Automobiles — 2.2%
Allison Transmission, Inc.^(c)
5.88%, 06/01/29	USD		1,991		2,166,308
3.75%, 01/30/31			1,362		1,324,545
Asbury Automotive Group, Inc.
4.50%, 03/01/28			751		770,714
4.75%, 03/01/30			732		764,025
Carvana Co.^(c)
5.50%, 04/15/27			1,614		1,647,410
4.88%, 09/01/29			1,222		1,210,140
Constellation Automotive Financing PLC, 4.88%, 07/15/27^(a)	GBP		100		133,676
Ford Motor Co.
4.75%, 01/15/43	USD		426		446,503
5.29%, 12/08/46			532		592,515
Ford Motor Credit Co. LLC
3.81%, 01/09/24			2,063		2,130,047
4.69%, 06/09/25			200		214,000
5.13%, 06/16/25			1,751		1,902,024
4.13%, 08/04/25			2,166		2,290,545
3.38%, 11/13/25			489		502,447
4.39%, 01/08/26			507		540,589
2.70%, 08/10/26			1,611		1,614,222
4.13%, 08/17/27			644		682,962
3.82%, 11/02/27			200		207,500
2.90%, 02/16/28			1,644		1,641,945
5.11%, 05/03/29			978		1,092,915
4.00%, 11/13/30			1,221		1,269,840
Group 1 Automotive, Inc., 4.00%, 08/15/28^(c)			243		247,252
Jaguar Land Rover Automotive PLC^(a)
6.88%, 11/15/26	EUR		100		128,902
4.50%, 07/15/28			138		157,575
Ken Garff Automotive LLC, 4.88%, 09/15/28^(c)	USD		680		698,700
LCM Investments Holdings II LLC, 4.88%, 05/01/29^(c)			1,612		1,654,025
Lithia Motors, Inc., 3.88%, 06/01/29^(c)			721		748,369
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(c)			574		554,751
Penske Automotive Group, Inc.
3.50%, 09/01/25			1,101		1,132,654
3.75%, 06/15/29			377		379,123
RCI Banque SA, (5 year EUR Swap + 2.85%), 2.63%, 02/18/30^(a)(b)	EUR		100		117,415


Security		Par (000)		Value

Automobiles (continued)
Renault SA, 2.38%, 05/25/26^(a)	EUR		100	$	116,993
Volvo Car AB, 2.50%, 10/07/27^(a)			100		126,114
Wabash National Corp.^(c)
5.50%, 10/01/25	USD		2,154		2,183,941
4.50%, 10/15/28^(h)			1,192		1,190,510

					32,581,196

Banks — 0.7%
American Finance Trust, Inc./American Finance Operating Partner LP, 4.50%, 09/30/28^(h)			354		354,000
Banca Monte dei Paschi di Siena SpA, 2.63%, 04/28/25^(a)	EUR		125		148,048
Banco BPM SpA^(a)(b)
(5 year EUR Swap + 3.17%), 2.88%, 06/29/31			275		319,106
(5 year EUR Swap + 5.42%), 5.00%, 09/14/30			100		126,325
Banco de Sabadell SA, (5 year EUR Swap + 2.20%), 2.00%, 01/17/30^(a)(b)			300		345,767
Banco Espirito Santo SA^(d)(j)
4.75%, 01/15/22^(b)			1,900		319,125
4.00%, 01/21/22			1,100		184,757
Bank of Cyprus Pcl, (5 year EUR Swap + 2.79%), 2.50%, 06/24/27^(a)(b)			200		227,915
CIT Group, Inc., 6.00%, 04/01/36	USD		3,261		3,815,370
Commerzbank AG, (5 year EUR Swap + 6.36%), 6.13%^(a)(b)(k)	EUR		400		507,936
Deutsche Pfandbriefbank AG, 4.60%, 02/22/27^(a)			100		127,713
HSBC Bank PLC, Series 1M, (6 mo. LIBOR US + 0.25%), 0.42%^(b)(k)	USD		170		160,718
Intesa Sanpaolo SpA
5.15%, 06/10/30^(a)	GBP		125		188,993
4.20%, 06/01/32^(c)	USD		855		876,506
4.95%, 06/01/42^(c)			630		652,901
(5 year EUR Swap + 5.75%), 5.88%, 03/04/29^(a)(b)	EUR		200		259,164
Wells Fargo & Co., (5 year CMT + 3.45%), 3.90%^(b)(k)	USD		2,130		2,196,562

					10,810,906

Beverages — 2.2%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(c)(i)			5,290		5,619,991
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2.00%, 09/01/28^(a)	EUR		148		172,722
3.00%, 09/01/29^(a)			143		165,869
4.00%, 09/01/29^(c)	USD		5,195		5,253,444
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(c)
4.13%, 08/15/26			1,138		1,181,244
4.75%, 07/15/27	GBP		427		588,285
5.25%, 08/15/27	USD		3,429		3,490,739
Ball Corp., 3.13%, 09/15/31			2,259		2,230,938
Canpack SA/Eastern PA Land Investment Holding LLC, 3.13%, 11/01/25^(c)			584		594,037
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26			155		191,425
Mauser Packaging Solutions Holding Co., 5.50%, 04/15/24^(c)			2,321		2,341,309
Silgan Holdings, Inc., 4.13%, 02/01/28			51		52,402


Security		Par (000)		Value

Beverages (continued)
Trivium Packaging Finance BV^(c)
5.50%, 08/15/26	USD		2,693	$	2,820,406
8.50%, 08/15/27			7,641		8,204,524

					32,907,335

Biotechnology — 0.1%
Cidron Aida Finco Sarl^(a)
5.00%, 04/01/28	EUR		105		122,523
6.25%, 04/01/28	GBP		133		181,095
Emergent BioSolutions, Inc., 3.88%, 08/15/28^(c)	USD		393		382,192
Grifols Escrow Issuer SA, 3.88%, 10/15/28^(a)(h)	EUR		100		117,138
HCRX Investments Holdco LP, 4.50%, 08/01/29^(c)	USD		725		728,625

					1,531,573

Building Materials — 1.4%
APi Group DE, Inc., 4.13%, 07/15/29^(c)			727		712,351
Builders FirstSource, Inc., 6.75%, 06/01/27^(c)			610		646,600
Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(c)			1,841		1,956,937
CP Atlas Buyer, Inc., 7.00%, 12/01/28^(c)			1,519		1,522,797
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25^(c)			1,490		1,594,300
Griffon Corp., 5.75%, 03/01/28			145		152,250
HT Troplast GmbH, 9.25%, 07/15/25^(a)	EUR		128		162,467
James Hardie International Finance DAC, 5.00%, 01/15/28^(c)	USD		458		480,900
Jeld-Wen, Inc.^(c)
6.25%, 05/15/25			852		898,860
4.63%, 12/15/25			321		325,921
4.88%, 12/15/27			99		103,162
Masonite International Corp.^(c)
3.50%, 02/15/30			1,179		1,170,157
Class C, 5.38%, 02/01/28			239		251,667
New Enterprise Stone & Lime Co., Inc.^(c)
6.25%, 03/15/26			480		496,320
9.75%, 07/15/28^(h)			640		696,000
Patrick Industries, Inc., 4.75%, 05/01/29^(c)			354		361,080
PCF GmbH^(a)
4.75%, 04/15/26	EUR		100		119,600
(3 mo. Euribor + 4.75%), 4.75%, 04/15/26^(b)			100		116,820
SRM Escrow Issuer LLC, 6.00%, 11/01/28^(c)	USD		2,633		2,787,689
Standard Industries, Inc.
2.25%, 11/21/26^(a)	EUR		134		153,071
5.00%, 02/15/27^(c)	USD		576		594,000
4.38%, 07/15/30^(c)			2,327		2,373,540
3.38%, 01/15/31^(c)			717		682,369
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(c)			923		969,150
Victors Merger Corp., 6.38%, 05/15/29^(c)			927		887,603

					20,215,611

Building Products — 1.2%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27^(c)			1,464		1,528,416
BCPE Ulysses Intermediate, Inc., (7.75% Cash or 8.50% PIK), 7.75%, 04/01/27^(c)(i)			316		313,630
Beacon Roofing Supply, Inc., 4.13%, 05/15/29^(c)			552		548,550
Foundation Building Materials, Inc., 6.00%, 03/01/29^(c)			1,097		1,075,060
GYP Holdings III Corp., 4.63%, 05/01/29^(c)			1,296		1,310,580
LBM Acquisition LLC, 6.25%, 01/15/29^(c)			2,713		2,711,643


Security		Par (000)		Value

Building Products (continued)
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29^(h)	USD		610	$	610,000
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26^(c)			1,398		1,467,900
SRS Distribution, Inc.^(c)
4.63%, 07/01/28			2,397		2,445,419
6.13%, 07/01/29			1,994		2,053,820
White Cap Buyer LLC, 6.88%, 10/15/28^(c)			2,589		2,731,395
White Cap Parent LLC, (8.25% PIK), 8.25%, 03/15/26^(c)(i)			1,165		1,202,863

					17,999,276

Capital Markets — 1.6%
Aretec Escrow Issuer, Inc., 7.50%, 04/01/29^(c)			613		631,390
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(b)(k)			4,775		4,925,413
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(c)			1,189		1,243,991
ESC Lehman Brothers Holding Production, 1.00%^(d)(j)(k)			1,535		10,438
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.75%, 09/15/24			591		614,640
6.25%, 05/15/26			3,129		3,269,805
5.25%, 05/15/27			2,296		2,382,100
4.38%, 02/01/29			1,029		1,027,714
Lehman Brothers Holding Escrow, 1.00%^(d)(j)(k)			430		2,924
Lehman Brothers Holdings, Inc.^(d)(j)
1.00%, 02/05/22	EUR		3,950		48,500
4.75%, 01/16/49			1,890		22,988
5.38%, 10/17/49			350		4,216
NFP Corp.^(c)
4.88%, 08/15/28^(h)	USD		2,374		2,414,358
6.88%, 08/15/28			5,098		5,205,313
Owl Rock Technology Finance Corp., 3.75%, 06/17/26^(c)			700		738,986
RP Escrow Issuer LLC, 5.25%, 12/15/25^(c)			803		826,086

					23,368,862

Chemicals — 2.4%
Ashland LLC, 3.38%, 09/01/31^(c)			1,921		1,937,809
Axalta Coating Systems LLC, 3.38%, 02/15/29^(c)			922		896,645
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(c)			376		391,980
Chemours Co.
4.00%, 05/15/26	EUR		200		235,971
5.75%, 11/15/28^(c)	USD		609		637,745
Diamond (BC) BV, 4.63%, 10/01/29^(c)			1,488		1,510,320
Element Solutions, Inc., 3.88%, 09/01/28^(c)			6,655		6,721,550
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(c)			791		808,798
HB Fuller Co., 4.25%, 10/15/28			541		550,468
Herens Holdco Sarl, 4.75%, 05/15/28^(c)			1,756		1,764,780
Herens Midco Sarl, 5.25%, 05/15/29^(a)	EUR		202		226,967
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(c)	USD		1,692		1,865,430
Ingevity Corp., 3.88%, 11/01/28^(c)			494		492,765
Kraton Polymers LLC/Kraton Polymers Capital Corp., 5.25%, 05/15/26^(a)	EUR		100		119,020
Minerals Technologies, Inc., 5.00%, 07/01/28^(c)	USD		878		910,925
Monitchem HoldCo 2 SA, 9.50%, 09/15/26^(a)	EUR		100		125,391


Security		Par (000)		Value

Chemicals (continued)
Monitchem HoldCo 3 SA, 5.25%, 03/15/25^(a)	EUR		222	$	263,581
Nobian Finance BV, 3.63%, 07/15/26^(a)			100		114,713
NOVA Chemicals Corp., 4.88%, 06/01/24^(c)	USD		456		476,520
OCI NV, 5.25%, 11/01/24^(c)			1,096		1,127,346
Olympus Water US Holding Corp.^(a)(h)
3.88%, 10/01/28	EUR		100		115,858
5.38%, 10/01/29			100		114,538
SCIH Salt Holdings, Inc.^(c)
4.88%, 05/01/28	USD		1,408		1,415,040
6.63%, 05/01/29			990		950,400
Scotts Miracle-Gro Co.^(c)
4.00%, 04/01/31			1,457		1,454,261
4.38%, 02/01/32			146		147,186
SPCM SA, 3.13%, 03/15/27^(c)			512		512,614
Valvoline, Inc., 3.63%, 06/15/31^(c)			6		5,925
WESCO Distribution, Inc.^(c)
7.13%, 06/15/25			1,940		2,070,232
7.25%, 06/15/28			2,744		3,038,980
WR Grace Holdings LLC, 5.63%, 08/15/29^(c)			5,255		5,412,703

					36,416,461

Commercial Services & Supplies — 1.3%
ADT Security Corp., 4.88%, 07/15/32^(c)			831		838,271
AMN Healthcare, Inc., 4.00%, 04/15/29^(c)			502		517,060
APX Group, Inc.^(c)
6.75%, 02/15/27			1,620		1,721,007
5.75%, 07/15/29			1,478		1,458,860
ASGN, Inc., 4.63%, 05/15/28^(c)			351		363,285
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/29^(c)			588		621,457
EC Finance PLC^(a)
2.38%, 11/15/22	EUR		100		116,253
3.00%, 10/15/26^(h)			209		243,451
Fortress Transportation & Infrastructure Investors LLC^(c)
6.50%, 10/01/25	USD		386		397,341
9.75%, 08/01/27			261		295,583
5.50%, 05/01/28			1,773		1,784,923
Herc Holdings, Inc., 5.50%, 07/15/27^(c)			2,667		2,798,283
House of Finance NV, 4.38%, 07/15/26^(a)	EUR		100		118,731
Intertrust Group BV, 3.38%, 11/15/25^(a)			200		235,620
Loxam SAS^(a)
4.25%, 04/15/24			100		116,808
3.25%, 01/14/25			268		312,870
3.75%, 07/15/26			115		136,074
Metis Merger Sub LLC, 6.50%, 05/15/29^(c)	USD		1,185		1,152,413
NESCO Holdings II, Inc., 5.50%, 04/15/29^(c)			1,413		1,465,564
Paprec Holding SA, 3.50%, 07/01/28^(a)	EUR		100		117,270
Prime Security Services Borrower LLC/Prime Finance, Inc.^(c)
5.75%, 04/15/26	USD		653		706,390
3.38%, 08/31/27			82		78,669
6.25%, 01/15/28			1,100		1,137,158
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(c)			1,436		1,477,285
United Rentals North America, Inc., 5.25%, 01/15/30			496		543,120


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Verisure Holding AB, 3.88%, 07/15/26^(a)	EUR		140	$	166,223
Verisure Midholding AB, 5.25%, 02/15/29^(a)			181		215,087

					19,135,056

Communications Equipment — 1.3%
Avaya, Inc., 6.13%, 09/15/28^(c)	USD		3,039		3,195,417
CommScope Technologies LLC, 6.00%, 06/15/25^(c)			1,617		1,637,213
CommScope, Inc.^(c)
6.00%, 03/01/26			853		885,695
8.25%, 03/01/27			168		175,850
7.13%, 07/01/28			1,991		2,031,756
4.75%, 09/01/29			2,764		2,760,545
Nokia OYJ
3.38%, 06/12/22			714		728,280
4.38%, 06/12/27			439		481,803
ViaSat, Inc.^(c)
5.63%, 04/15/27			2,857		2,978,422
6.50%, 07/15/28			2,431		2,560,378
Viavi Solutions, Inc., 3.75%, 10/01/29^(c)			1,600		1,603,520

					19,038,879

Construction Materials — 0.5%
American Builders & Contractors Supply Co., Inc.^(c)
4.00%, 01/15/28			357		364,586
3.88%, 11/15/29			252		251,294
BCPE Empire Holdings, Inc., 7.63%, 05/01/27^(c)			601		597,995
H&E Equipment Services, Inc., 3.88%, 12/15/28^(c)			358		356,604
IAA, Inc., 5.50%, 06/15/27^(c)			1,538		1,607,210
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28^(h)			435		439,894
Picasso Finance Sub, Inc., 6.13%, 06/15/25^(c)			1,652		1,746,808
Williams Scotsman International, Inc., 4.63%, 08/15/28^(c)			1,256		1,308,388
Winnebago Industries, Inc., 6.25%, 07/15/28^(c)			703		755,725
Wolverine Escrow LLC, 9.00%, 11/15/26^(c)			238		219,853

					7,648,357

Consumer Discretionary — 2.2%
Carnival Corp.
11.50%, 04/01/23^(c)			515		574,869
10.13%, 02/01/26^(a)	EUR		201		267,288
10.50%, 02/01/26^(c)	USD		1,296		1,503,619
7.63%, 03/01/26^(a)	EUR		128		159,834
5.75%, 03/01/27^(c)	USD		4,084		4,221,835
9.88%, 08/01/27^(c)			1,154		1,331,844
4.00%, 08/01/28^(c)			5,463		5,517,630
CoreLogic, Inc., 4.50%, 05/01/28^(c)			1,794		1,782,787
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, 02/01/26^(c)			561		575,025
Life Time, Inc.^(c)
5.75%, 01/15/26			1,307		1,352,745
8.00%, 04/15/26			915		969,900
NCL Corp. Ltd.^(c)
10.25%, 02/01/26			632		725,220
5.88%, 03/15/26			1,397		1,431,925
NCL Finance Ltd., 6.13%, 03/15/28^(c)			1,479		1,534,463
Nielsen Finance LLC/Nielsen Finance Co.^(c)5.63%, 10/01/28			1,905		1,976,437


Security		Par (000)		Value

Consumer Discretionary (continued)
Nielsen Finance LLC/Nielsen Finance Co.^(c)(continued)
5.88%, 10/01/30	USD		1,280	$	1,347,674
4.75%, 07/15/31			363		353,112
Royal Caribbean Cruises Ltd.^(c)
10.88%, 06/01/23			565		632,800
9.13%, 06/15/23			884		960,736
11.50%, 06/01/25			725		827,225
5.50%, 08/31/26			430		442,014
5.50%, 04/01/28			2,414		2,469,061
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26^(a)	EUR		176		209,686
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(c)	USD		973		973,000
WASH Multifamily Acquisition, Inc., 5.75%, 04/15/26^(c)			812		847,911

					32,988,640

Consumer Finance — 2.5%
American Express Co., (5 year CMT + 2.85%), 3.55%^(b)(k)			4,020		4,095,777
Encore Capital Group, Inc.^(a)
4.88%, 10/15/25	EUR		100		121,363
5.38%, 02/15/26	GBP		100		141,292
4.25%, 06/01/28			159		213,851
HealthEquity, Inc., 4.50%, 10/01/29^(c)(h)	USD		1,567		1,590,505
Iron Mountain UK PLC, 3.88%, 11/15/25^(a)	GBP		200		272,512
MoneyGram International, Inc., 5.38%, 08/01/26^(c)	USD		584		592,760
MPH Acquisition Holdings LLC, 5.50%, 09/01/28^(c)			1,769		1,764,135
Navient Corp.
6.13%, 03/25/24			1,359		1,455,149
5.88%, 10/25/24			665		709,888
5.00%, 03/15/27			42		43,260
Nexi SpA, Series ., 0.00%, 02/24/28^(a)(l)	EUR		100		111,787
OneMain Finance Corp.
6.88%, 03/15/25	USD		585		657,394
7.13%, 03/15/26			2,395		2,775,206
3.50%, 01/15/27			1,678		1,678,755
6.63%, 01/15/28			720		828,000
5.38%, 11/15/29			51		55,276
4.00%, 09/15/30			17		16,915
Sabre GLBL, Inc.^(c)
9.25%, 04/15/25			2,638		3,048,974
7.38%, 09/01/25			1,322		1,408,988
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(c)			1,814		1,893,363
Square, Inc., 3.50%, 06/01/31^(c)			3,411		3,498,765
Verscend Escrow Corp., 9.75%, 08/15/26^(c)			9,470		9,979,012

					36,952,927

Containers & Packaging — 0.3%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			498		533,801
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			439		452,433
Graphic Packaging International LLC^(c)
4.75%, 07/15/27			574		621,355
3.50%, 03/15/28			67		68,005
3.50%, 03/01/29			156		155,220
Intertape Polymer Group, Inc., 4.38%, 06/15/29^(c)			741		753,308
Kleopatra Finco Sarl, 4.25%, 03/01/26^(a)	EUR		100		113,312
LABL, Inc., 10.50%, 07/15/27^(c)	USD		651		701,453


Security		Par (000)		Value

Containers & Packaging (continued)
Sealed Air Corp.^(c)
5.13%, 12/01/24	USD		142	$	154,248
4.00%, 12/01/27			412		438,739

					3,991,874

Diversified Consumer Services — 2.9%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(c)
6.63%, 07/15/26			8,733		9,233,226
9.75%, 07/15/27			3,625		3,943,909
6.00%, 06/01/29			2,563		2,529,143
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl
3.63%, 06/01/28^(a)	EUR		117		132,990
4.63%, 06/01/28^(c)	USD		7,261		7,245,198
4.88%, 06/01/28^(a)	GBP		100		132,577
Ascend Learning LLC, 6.88%, 08/01/25^(c)	USD		4,706		4,790,643
Brink’s Co., 5.50%, 07/15/25^(c)			281		293,645
Clarivate Science Holdings Corp.^(c)
3.88%, 07/01/28			2,223		2,223,000
4.88%, 07/01/29			2,855		2,860,567
Garda World Security Corp.^(c)
4.63%, 02/15/27			1,802		1,802,000
9.50%, 11/01/27			999		1,081,268
Graham Holdings Co., 5.75%, 06/01/26^(c)			705		736,232
Rekeep SpA, 7.25%, 02/01/26^(a)	EUR		200		249,745
Service Corp. International
5.13%, 06/01/29	USD		269		292,443
3.38%, 08/15/30			456		455,077
4.00%, 05/15/31			2,656		2,745,640
Sotheby’s, 7.38%, 10/15/27^(c)			2,688		2,842,560

					43,589,863

Diversified Financial Services — 1.7%
Acuris Finance US, Inc./Acuris Finance SARL, 5.00%, 05/01/28^(c)			2,232		2,220,840
Arrow Global Finance PLC, 5.13%, 09/15/24^(a)	GBP		225		303,165
Barclays PLC, 5.20%, 05/12/26	USD		800		914,688
Central Garden & Pet Co.
4.13%, 10/15/30			1,036		1,059,310
4.13%, 04/30/31^(c)			1,080		1,096,768
Citigroup, Inc., Series W, (5 year CMT + 3.60%), 4.00%^(b)(k)			855		885,951
Coinbase Global, Inc.^(c)
3.38%, 10/01/28			1,653		1,588,252
3.63%, 10/01/31			1,599		1,520,049
doValue SpA, 3.38%, 07/31/26^(a)	EUR		128		150,493
Garfunkelux Holdco 3 SA^(a)
6.75%, 11/01/25			300		362,760
7.75%, 11/01/25	GBP		100		140,747
Global Aircraft Leasing Co. Ltd.^(c)(i)
(6.50% Cash or 7.25% PIK), 6.50%, 09/15/24	USD		683		671,028
Series 2021, (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24			1,508		1,397,614
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(b)(k)			3,780		4,006,800
HSBC Holdings PLC, (5 year CMT + 3.65%), 4.60%^(b)(k)			445		444,866
HSE Finance Sarl, 5.63%, 10/15/26^(a)	EUR		100		120,298
Intrum AB^(a)
4.88%, 08/15/25			100		121,275
3.50%, 07/15/26			201		237,776


Security		Par (000)		Value

Diversified Financial Services (continued)
ION Trading Technologies Sarl, 5.75%, 05/15/28^(c)	USD		1,068	$	1,088,961
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28^(c)			1,779		1,803,461
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(c)
4.25%, 02/01/27			1,504		1,488,960
4.75%, 06/15/29			759		753,649
ProGroup AG, 3.00%, 03/31/26^(a)	EUR		100		117,138
Spectrum Brands, Inc.^(c)
5.00%, 10/01/29	USD		566		608,450
5.50%, 07/15/30			792		877,140
3.88%, 03/15/31			311		314,236
UBS Group AG, (5 year CMT + 3.31%), 4.38%^(b)(c)(k)			950		959,690
UniCredit SpA, (5 year EUR Swap + 2.80%), 2.73%, 01/15/32^(a)(b)	EUR		200		240,566

					25,494,931

Diversified Telecommunication Services — 4.2%
Cincinnati Bell, Inc.^(c)
7.00%, 07/15/24	USD		1,479		1,505,223
8.00%, 10/15/25			408		425,218
Consolidated Communications, Inc., 6.50%, 10/01/28^(c)			2,224		2,415,820
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(c)			370		379,713
Level 3 Financing, Inc.^(c)
4.63%, 09/15/27			489		503,083
4.25%, 07/01/28			2,722		2,743,041
3.75%, 07/15/29			1,008		974,212
Lumen Technologies, Inc.
5.13%, 12/15/26^(c)			3,481		3,611,537
4.00%, 02/15/27^(c)			1,809		1,848,436
4.50%, 01/15/29^(c)			2,364		2,290,669
5.38%, 06/15/29^(c)			2,647		2,700,893
Series P, 7.60%, 09/15/39			531		594,720
Series U, 7.65%, 03/15/42			1,309		1,466,080
Series W, 6.75%, 12/01/23			1,228		1,346,195
Series Y, 7.50%, 04/01/24			1,254		1,388,805
SoftBank Group Corp.^(a)
2.13%, 07/06/24	EUR		149		170,585
4.75%, 07/30/25			269		328,905
3.13%, 09/19/25			207		239,144
2.88%, 01/06/27			118		130,917
5.00%, 04/15/28			100		121,513
3.38%, 07/06/29			100		109,361
4.00%, 09/19/29			100		114,399
Sprint Capital Corp.
6.88%, 11/15/28	USD		4,319		5,528,320
8.75%, 03/15/32			7,033		10,506,317
Switch Ltd.^(c)
3.75%, 09/15/28			2,001		2,031,015
4.13%, 06/15/29			2,012		2,064,815
Telecom Italia Capital SA
6.38%, 11/15/33			1,521		1,769,988
6.00%, 09/30/34			2,322		2,606,445
7.20%, 07/18/36			266		325,850
7.72%, 06/04/38			251		321,280
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		83		140,224
Telecom Italia SpA
4.00%, 04/11/24^(a)			139		171,945
5.30%, 05/30/24^(c)	USD		522		562,377


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Telecom Italia SpA (continued)
2.75%, 04/15/25^(a)	EUR		239	$	290,356
3.00%, 09/30/25^(a)			100		122,949
1.63%, 01/18/29^(a)			210		238,084
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 01/15/30^(c)(h)	USD		800		793,000
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 4.75%, 04/15/28^(c)			1,949		1,990,416
Zayo Group Holdings, Inc.^(c)
4.00%, 03/01/27			1,252		1,246,028
6.13%, 03/01/28			6,026		6,109,038

					62,226,916

Electric Utilities — 1.1%
Edison International, (5 year CMT + 4.70%), 5.38%^(b)(k)			2,200		2,274,910
FirstEnergy Corp.
2.65%, 03/01/30			821		816,895
Series B, 4.40%, 07/15/27			697		764,734
Series B, 2.25%, 09/01/30			117		112,905
Series C, 7.38%, 11/15/31			314		428,943
Series C, 5.35%, 07/15/47			2,644		3,224,024
Series C, 3.40%, 03/01/50			3,198		3,074,429
FirstEnergy Transmission LLC^(c)
5.45%, 07/15/44			1,953		2,489,188
4.55%, 04/01/49			814		952,699
NextEra Energy Operating Partners LP, 4.25%, 07/15/24^(c)			337		356,799
PG&E Corp., 5.25%, 07/01/30			1,103		1,129,196
Public Power Corp. SA, 3.38%, 07/31/28^(a)	EUR		110		131,631

					15,756,353

Electrical Equipment^(c)— 0.2%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26	USD		1,964		2,037,650
GrafTech Finance, Inc., 4.63%, 12/15/28			717		735,821

					2,773,471

Electronic Equipment, Instruments & Components — 0.7%
Belden, Inc.^(a)
3.88%, 03/15/28	EUR		100		120,376
3.38%, 07/15/31			100		120,175
BWX Technologies, Inc.^(c)
4.13%, 06/30/28	USD		1,344		1,379,280
4.13%, 04/15/29			991		1,014,536
CDW LLC/CDW Finance Corp., 3.25%, 02/15/29			1,556		1,594,900
Energizer Gamma Acquisition BV, 3.50%, 06/30/29^(a)	EUR		118		135,627
Energizer Holdings, Inc.^(c)
4.75%, 06/15/28	USD		714		726,313
4.38%, 03/31/29			96		95,275
Imola Merger Corp., 4.75%, 05/15/29^(c)			3,443		3,561,848
Xerox Corp., 4.80%, 03/01/35			1,375		1,375,275

					10,123,605

Energy Equipment & Services — 0.8%
Archrock Partners LP/Archrock Partners Finance Corp.^(c)
6.88%, 04/01/27			799		838,950
6.25%, 04/01/28			2,258		2,335,280
CGG SA, 7.75%, 04/01/27^(a)	EUR		100		117,677
ChampionX Corp., 6.38%, 05/01/26	USD		529		550,160


Security		Par (000)		Value

Energy Equipment & Services (continued)
Pioneer Energy Services Corp.^(c)(f)(i)
(11.00% Cash or 11.00% PIK), 11.00%, 05/15/25	USD		1,986	$	2,199,531
(5.00% PIK), 5.00%, 11/15/25			1,484		1,732,352
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26			2,097		2,183,400
6.88%, 09/01/27			2,109		2,232,587
Vallourec SA, 8.50%, 06/30/26^(a)	EUR		125		148,212

					12,338,149

Entertainment — 0.1%
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(c)(h)	USD		1,191		1,160,391


Environmental, Maintenance, & Security Service — 1.1%
Clean Harbors, Inc.^(c)
4.88%, 07/15/27			678		703,425
5.13%, 07/15/29			1,069		1,170,555
Covanta Holding Corp., 5.00%, 09/01/30			779		786,790
GFL Environmental, Inc.^(c)
4.25%, 06/01/25			487		502,219
3.75%, 08/01/25			842		866,208
5.13%, 12/15/26			2,531		2,657,828
4.00%, 08/01/28			2,155		2,138,837
3.50%, 09/01/28			1,002		1,008,263
4.75%, 06/15/29			1,833		1,883,407
4.38%, 08/15/29			743		750,430
Stericycle, Inc., 3.88%, 01/15/29^(c)			828		833,059
Tervita Corp., 11.00%, 12/01/25^(c)(g)			443		501,259
Waste Pro USA, Inc., 5.50%, 02/15/26^(c)			2,432		2,456,320

					16,258,600

Equity Real Estate Investment Trusts (REITs) — 2.1%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27^(c)			962		952,380
CTR Partnership LP/CareTrust Capital Corp., 3.88%, 06/30/28^(c)			901		934,788
Diversified Healthcare Trust, 9.75%, 06/15/25			1,006		1,100,313
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(c)			774		768,541
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26^(c)			1,082		1,098,230
Iron Mountain, Inc.^(c)
5.25%, 07/15/30			1,443		1,531,355
5.63%, 07/15/32			1,397		1,498,282
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
5.63%, 05/01/24			1,472		1,600,800
4.63%, 06/15/25^(c)			1,948		2,098,970
4.50%, 09/01/26			2,274		2,472,975
5.75%, 02/01/27			117		134,550
3.88%, 02/15/29^(c)			1,583		1,685,895
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27			187		197,051
4.63%, 08/01/29			2,863		3,071,999
3.50%, 03/15/31			4,139		4,221,780
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27			3,304		3,419,541
4.50%, 02/15/29^(c)			997		999,014
RLJ Lodging Trust LP^(c)
3.75%, 07/01/26			750		753,750


Security		Par (000)		Value

Equity Real Estate Investment Trusts (REITs) (continued)
RLJ Lodging Trust LP^(c)(continued)
4.00%, 09/15/29	USD		530	$	529,173
Service Properties Trust
4.35%, 10/01/24			217		219,871
7.50%, 09/15/25			1,366		1,533,663
5.50%, 12/15/27			658		701,237
Starwood Property Trust, Inc., 5.00%, 12/15/21			440		440,880

					31,965,038

Food & Staples Retailing — 2.8%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(c)
3.25%, 03/15/26			1,678		1,703,170
4.63%, 01/15/27			1,668		1,749,789
5.88%, 02/15/28			2,805		2,987,325
4.88%, 02/15/30			349		376,048
Casino Guichard Perrachon SA, 5.25%, 04/15/27^(a)	EUR		117		136,205
Iceland Bondco PLC^(a)
4.63%, 03/15/25	GBP		100		125,308
4.38%, 05/15/28			146		174,589
Kraft Heinz Foods Co.
4.25%, 03/01/31	USD		3,132		3,540,792
6.88%, 01/26/39			1,474		2,176,116
4.63%, 10/01/39			497		579,244
6.50%, 02/09/40			980		1,391,596
5.00%, 06/04/42			15		18,395
5.20%, 07/15/45			626		784,093
4.38%, 06/01/46			1,874		2,132,274
4.88%, 10/01/49			4,869		5,926,035
5.50%, 06/01/50			6,613		8,724,998
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(c)			906		995,921
Ocado Group PLC, 3.88%, 10/08/26^(h)	GBP		120		161,688
Performance Food Group, Inc., 4.25%, 08/01/29^(c)	USD		1,864		1,868,660
Picard Groupe SAS, 3.88%, 07/01/26^(a)	EUR		112		131,707
Post Holdings, Inc.^(c)
5.75%, 03/01/27	USD		4		4,157
5.63%, 01/15/28			484		508,490
5.50%, 12/15/29			40		42,400
4.50%, 09/15/31			922		911,056
Premier Foods Finance PLC, 3.50%, 10/15/26^(a)	GBP		100		135,583
Quatrim SASU, 5.88%, 01/15/24^(a)	EUR		200		238,527
TreeHouse Foods, Inc., 4.00%, 09/01/28	USD		405		396,361
U.S. Foods, Inc., 6.25%, 04/15/25^(c)			841		882,167
United Natural Foods, Inc., 6.75%, 10/15/28^(c)			487		527,178
US Foods, Inc., 4.75%, 02/15/29^(c)			1,671		1,714,864

					41,044,736

Food Products — 1.1%
Aramark Services, Inc.^(c)
5.00%, 04/01/25			20		20,469
6.38%, 05/01/25			1,371		1,441,264
5.00%, 02/01/28			914		939,135
Chobani LLC/Chobani Finance Corp., Inc.^(c)
7.50%, 04/15/25			2,200		2,289,100
4.63%, 11/15/28			1,375		1,419,688
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28^(c)			1,116		1,207,233
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.^(c) 6.50%, 04/15/29			1,978		2,210,415


Security		Par (000)		Value

Food Products (continued)
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.^(c)(continued)
3.75%, 12/01/31	USD		2,118	$	2,203,843
Pilgrim’s Pride Corp., 3.50%, 03/01/32^(c)			2,805		2,852,334
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(c)			1,452		1,462,890
Tereos Finance Groupe I SA, 7.50%, 10/30/25^(a)	EUR		100		124,338

					16,170,709

Gas Utilities — 0.1%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(c)	USD		782		811,325


Health Care Equipment & Supplies^(c)— 0.9%
Avantor Funding, Inc., 4.63%, 07/15/28			4,742		4,990,955
Hologic, Inc., 3.25%, 02/15/29			561		561,267
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA
7.38%, 06/01/25			1,882		1,985,510
7.25%, 02/01/28			4,799		5,135,529

					12,673,261

Health Care Providers & Services — 6.2%
Acadia Healthcare Co., Inc.^(c)
5.50%, 07/01/28			1,071		1,125,835
5.00%, 04/15/29			692		720,545
AdaptHealth LLC^(c)
6.13%, 08/01/28			744		790,500
4.63%, 08/01/29			637		636,522
5.13%, 03/01/30			553		553,276
AHP Health Partners, Inc., 5.75%, 07/15/29^(c)			1,558		1,573,580
Akumin Escrow, Inc., 7.50%, 08/01/28^(c)			319		308,633
Cano Health LLC, 6.25%, 10/01/28^(c)			484		488,840
Centene Corp.
4.25%, 12/15/27			264		276,316
2.45%, 07/15/28			3,583		3,600,915
4.63%, 12/15/29			5,037		5,489,323
3.00%, 10/15/30			4,347		4,455,675
2.50%, 03/01/31			6,120		6,035,850
2.63%, 08/01/31			2,308		2,292,398
CHS/Community Health Systems, Inc.^(c)
6.63%, 02/15/25			3,611		3,778,009
8.00%, 03/15/26			5,819		6,170,904
5.63%, 03/15/27			3,610		3,780,139
6.00%, 01/15/29			3,005		3,185,300
6.88%, 04/15/29			552		553,297
6.13%, 04/01/30			1,579		1,534,354
DaVita, Inc., 4.63%, 06/01/30^(c)			57		58,631
Encompass Health Corp.
4.50%, 02/01/28			348		359,310
4.75%, 02/01/30			1,972		2,074,051
4.63%, 04/01/31			1,035		1,087,837
HCA, Inc.
5.38%, 02/01/25			294		328,545
5.88%, 02/15/26			142		162,768
5.63%, 09/01/28			1,761		2,095,062
3.50%, 09/01/30			5,230		5,540,610
Legacy LifePoint Health LLC^(c)
6.75%, 04/15/25			1,050		1,103,392
4.38%, 02/15/27			420		418,950
LifePoint Health, Inc., 5.38%, 01/15/29^(c)			1,220		1,186,450
ModivCare Escrow Issuer, Inc., 5.00%, 10/01/29^(c).			911		944,297


Security		Par (000)		Value

Health Care Providers & Services (continued)
ModivCare, Inc., 5.88%, 11/15/25^(c)	USD		391	$	413,483
Molina Healthcare, Inc.^(c)
4.38%, 06/15/28			1,896		1,972,560
3.88%, 11/15/30			1,483		1,549,735
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(c)			2,484		2,664,090
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(c)			433		457,356
Surgery Center Holdings, Inc.^(c)
6.75%, 07/01/25			1,992		2,026,860
10.00%, 04/15/27			3,608		3,896,640
Teleflex, Inc., 4.63%, 11/15/27			214		223,095
Tenet Healthcare Corp.
4.63%, 07/15/24			567		575,505
4.63%, 09/01/24^(c)			1,234		1,261,765
7.50%, 04/01/25^(c)			833		884,021
4.88%, 01/01/26^(c)			3,499		3,621,185
6.25%, 02/01/27^(c)			80		83,000
5.13%, 11/01/27^(c)			2,350		2,449,875
4.63%, 06/15/28^(c)			465		481,814
6.13%, 10/01/28^(c)			2,116		2,222,805
4.25%, 06/01/29^(c)			1,643		1,667,645
Vizient, Inc., 6.25%, 05/15/27^(c)			2,585		2,701,325

					91,862,873

Health Care Technology — 1.3%
CAB SELAS, 3.38%, 02/01/28^(a)	EUR		103		120,346
Catalent Pharma Solutions, Inc.
5.00%, 07/15/27^(c)	USD		625		649,219
2.38%, 03/01/28^(a)	EUR		432		506,128
3.13%, 02/15/29^(c)	USD		1,050		1,031,048
3.50%, 04/01/30^(c)			2,390		2,390,000
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(c)			6,190		6,236,425
Charles River Laboratories International, Inc.^(c)
4.25%, 05/01/28			1,108		1,149,938
3.75%, 03/15/29			145		148,081
4.00%, 03/15/31			544		569,965
Chrome Bidco SASU, 3.50%, 05/31/28^(a)	EUR		107		126,577
Chrome Holdco SASU, 5.00%, 05/31/29^(a)			100		118,731
IQVIA, Inc.^(c)
5.00%, 10/15/26	USD		1,504		1,541,404
5.00%, 05/15/27			1,811		1,881,050
MEDNAX, Inc., 6.25%, 01/15/27^(c)			493		518,266
Syneos Health, Inc., 3.63%, 01/15/29^(c)			2,207		2,200,820
US Acute Care Solutions LLC, 6.38%, 03/01/26^(c)			602		635,110

					19,823,108

Healthcare — 0.0%
Akumin, Inc., 7.00%, 11/01/25^(c)			600		582,000


Hotels, Restaurants & Leisure — 5.9%
1011778 BC ULC/New Red Finance, Inc.^(c)
5.75%, 04/15/25			648		680,303
3.88%, 01/15/28			1,299		1,311,795
4.38%, 01/15/28			1,701		1,726,872
Accor SA, 0.70%, 12/07/27^(a)	EUR		157		94,661
Affinity Gaming, 6.88%, 12/15/27^(c)	USD		792		832,966
Boyd Gaming Corp.
8.63%, 06/01/25^(c)			1,191		1,290,746
4.75%, 12/01/27			931		959,572
4.75%, 06/15/31^(c)			2,093		2,158,406
Boyne USA, Inc., 4.75%, 05/15/29^(c)			1,314		1,356,705


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Burger King France SAS, 6.00%, 05/01/24^(a)	EUR		100	$	117,780
Caesars Entertainment, Inc.^(c)
6.25%, 07/01/25	USD		7,465		7,858,835
8.13%, 07/01/27			5,602		6,297,908
4.63%, 10/15/29			2,114		2,140,425
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(c)			1,582		1,667,784
Carrols Restaurant Group, Inc., 5.88%, 07/01/29^(c).			336		316,260
CCM Merger, Inc., 6.38%, 05/01/26^(c)			915		963,037
Cedar Fair LP/Canada’s Wonderland Co. /Magnum Management Corp./Millennium Op, 6.50%, 10/01/28			293		314,348
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(c)			3,928		4,080,210
Churchill Downs, Inc.^(c)
5.50%, 04/01/27			3,300		3,423,750
4.75%, 01/15/28			930		973,012
Cirsa Finance International Sarl, 4.75%, 05/22/25^(a)	EUR		247		286,828
Codere Finance 2 Luxembourg SA^(a)
10.75%, 09/30/23^(m)			113		139,402
10.75%, 09/30/23			23		28,706
CPUK Finance Ltd., 4.50%, 08/28/27^(a)	GBP		100		136,959
Everi Holdings, Inc., 5.00%, 07/15/29^(c)	USD		282		288,960
Full House Resorts, Inc., 8.25%, 02/15/28^(c)			347		373,025
Gamma Bidco SpA, 6.25%, 07/15/25^(a)	EUR		249		300,385
Genting New York LLC/GENNY Capital, Inc., 3.30%, 02/15/26^(c)	USD		459		455,129
Golden Nugget, Inc., 6.75%, 10/15/24^(c)			6,456		6,464,393
Hilton Domestic Operating Co., Inc.
5.38%, 05/01/25^(c)			772		806,740
5.75%, 05/01/28^(c)			600		646,200
4.88%, 01/15/30			1,647		1,766,836
4.00%, 05/01/31^(c)			690		700,350
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27			240		248,105
International Game Technology PLC, 3.50%, 06/15/26^(a)	EUR		100		118,812
IRB Holding Corp., 7.00%, 06/15/25^(c)	USD		794		843,010
Merlin Entertainments Ltd., 5.75%, 06/15/26^(c)			484		499,730
MGM Resorts International
7.75%, 03/15/22			2,168		2,227,620
6.00%, 03/15/23			1,243		1,314,398
5.75%, 06/15/25			322		350,980
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(c)			1,439		1,465,981
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., 8.50%, 11/15/27^(c)			1,393		1,495,734
Penn National Gaming, Inc., 4.13%, 07/01/29^(c)			496		490,246
Powdr Corp., 6.00%, 08/01/25^(c)(g)			1,055		1,107,750
Premier Entertainment Sub LLC/Premier
Entertainment Finance Corp.^(c)
5.63%, 09/01/29			636		642,360
5.88%, 09/01/31			636		642,549
Raptor Acquisition Corp./Raptor Co-Issuer LLC, 4.88%, 11/01/26^(c)			973		993,676
Scientific Games International, Inc. 8.63%, 07/01/25^(c)			1,054		1,141,413


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Scientific Games International, Inc. (continued)
5.00%, 10/15/25^(c)	USD		2,037	$	2,095,564
3.38%, 02/15/26^(a)	EUR		800		933,723
8.25%, 03/15/26^(c)	USD		3,634		3,856,582
7.00%, 05/15/28^(c)			706		761,597
7.25%, 11/15/29^(c)			241		270,797
Sisal Group SpA, 7.00%, 07/31/23^(a)	EUR		69		79,637
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(c)	USD		4,350		4,632,750
Station Casinos LLC, 4.50%, 02/15/28^(c)			1,147		1,165,180
Stonegate Pub Co. Financing PLC^(a)
8.00%, 07/13/25	GBP		136		189,843
8.25%, 07/31/25			246		348,365
Travel + Leisure Co., 6.63%, 07/31/26^(c)	USD		671		764,115
Vail Resorts, Inc., 6.25%, 05/15/25^(c)			811		857,632
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(c)			811		846,627
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(c)			1,353		1,366,503
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(c)
7.75%, 04/15/25			1,164		1,228,043
5.13%, 10/01/29			2,716		2,736,370
Yum! Brands, Inc.
4.75%, 01/15/30^(c)			238		257,949
5.35%, 11/01/43			30		33,000

					86,965,929

Household Durables — 1.5%
Ashton Woods USA LLC/Ashton Woods Finance Co.^(c)
6.63%, 01/15/28			406		431,375
4.63%, 08/01/29			547		552,322
4.63%, 04/01/30			549		552,088
Brookfield Residential Properties, Inc./Brookfield Residential US LLC^(c)
5.00%, 06/15/29			1,154		1,180,023
4.88%, 02/15/30			1,783		1,818,660
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(c)			1,328		1,404,991
Forestar Group, Inc., 3.85%, 05/15/26^(c)			576		575,280
Hurricane Finance PLC, 8.00%, 10/15/25^(a)	GBP		100		144,825
Installed Building Products, Inc., 5.75%, 02/01/28^(c)	USD		723		757,342
K Hovnanian Enterprises, Inc.^(c)
10.00%, 11/15/25			359		382,335
7.75%, 02/15/26			2,650		2,782,500
KB Home, 4.00%, 06/15/31			535		549,044
Mattamy Group Corp.^(c)
5.25%, 12/15/27			830		867,350
4.63%, 03/01/30			679		693,840
Meritage Homes Corp., 5.13%, 06/06/27			286		318,532
NCR Corp.^(c)
5.75%, 09/01/27			234		246,776
5.00%, 10/01/28			563		575,279
5.13%, 04/15/29			799		823,969
6.13%, 09/01/29			815		884,275
5.25%, 10/01/30			576		603,953
New Home Co., Inc., 7.25%, 10/15/25^(c)			378		397,758
Newell Brands, Inc., 6.00%, 04/01/46			632		816,860
Nobel Bidco BV, 3.13%, 06/15/28^(a)	EUR		100		114,966
Taylor Morrison Communities, Inc.^(c) 5.88%, 06/15/27	USD		1,377		1,569,780


Security		Par (000)		Value

Household Durables (continued)
Taylor Morrison Communities, Inc.^(c)(continued)
5.13%, 08/01/30	USD		336	$	361,627
Tempur Sealy International, Inc.^(c)
4.00%, 04/15/29			1,517		1,562,510
3.88%, 10/15/31			1,543		1,544,929
Toll Brothers Finance Corp., 4.35%, 02/15/28			66		72,270
Tri Pointe Homes, Inc., 5.70%, 06/15/28			291		316,463

					22,901,922

Independent Power and Renewable Electricity Producers — 1.0%
Calpine Corp.^(c)
5.25%, 06/01/26			276		283,929
4.50%, 02/15/28			1,799		1,834,980
5.13%, 03/15/28			3,928		3,978,020
4.63%, 02/01/29			517		509,245
5.00%, 02/01/31			974		974,000
3.75%, 03/01/31			15		14,438
Clearway Energy Operating LLC^(c)
4.75%, 03/15/28			690		730,434
3.75%, 01/15/32^(h)			1,395		1,393,256
NRG Energy, Inc.
5.75%, 01/15/28			14		14,893
5.25%, 06/15/29^(c)			163		173,391
3.63%, 02/15/31^(c)			1,449		1,423,280
3.88%, 02/15/32^(c)			1,936		1,914,220
TerraForm Power Operating LLC^(c)
4.25%, 01/31/23			182		187,005
4.75%, 01/15/30			1,053		1,101,701

					14,532,792

Insurance — 2.1%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(c)			1,265		1,248,947
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(c)
4.25%, 10/15/27			6,162		6,223,620
6.75%, 10/15/27			8,903		9,214,605
AmWINS Group, Inc., 4.88%, 06/30/29^(c)			1,554		1,575,834
Ardonagh Midco 2 PLC, (11.50% Cash or 12.75% PIK), 11.50%, 01/15/27^(c)(i)			428		467,451
AssuredPartners, Inc., 5.63%, 01/15/29^(c)			1,375		1,383,525
BroadStreet Partners, Inc., 5.88%, 04/15/29^(c)			1,064		1,060,010
Galaxy Bidco Ltd., 6.50%, 07/31/26^(a)	GBP		100		140,822
GTCR AP Finance, Inc., 8.00%, 05/15/27^(c)	USD		1,979		2,087,845
Highlands Holdings Bond Issuer Ltd./Highlands Holdings Bond Co-Issuer, Inc., (7.63% Cash or 8.37% PIK), 7.63%, 10/15/25^(c)(i)			579		614,898
HUB International Ltd., 7.00%, 05/01/26^(c)			6,615		6,838,256
Liberty Mutual Group, Inc., (5 year EUR Swap + 3.70%), 3.63%, 05/23/59^(a)(b)	EUR		100		120,990
Societa Cattolica di Assicurazioni SC, (3 mo. Euribor + 4.46%), 4.25%, 12/14/47^(a)(b)			100		133,500
Unipol Gruppo SpA, 3.25%, 09/23/30^(a)			175		235,560

					31,345,863

Interactive Media & Services — 0.9%
Arches Buyer, Inc., 4.25%, 06/01/28^(c)	USD		562		569,803
Cablevision Lightpath LLC^(c)
3.88%, 09/15/27			866		849,849
5.63%, 09/15/28			1,201		1,205,354
Netflix, Inc.
4.88%, 04/15/28			400		461,000


Security		Par (000)		Value

Interactive Media & Services (continued)
Netflix, Inc. (continued)
5.88%, 11/15/28	USD		1,914	$	2,345,416
6.38%, 05/15/29			216		273,240
5.38%, 11/15/29^(c)			1,141		1,382,036
4.88%, 06/15/30^(c)			343		403,883
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.
4.75%, 04/30/27^(h)			1,336		1,336,000
6.00%, 02/15/28^(c)			1,233		1,226,440
10.75%, 06/01/28^(c)			485		545,625
Twitter, Inc., 3.88%, 12/15/27^(c)			1,798		1,919,365
United Group BV^(a)
4.88%, 07/01/24	EUR		199		233,149
4.00%, 11/15/27			324		370,593
4.63%, 08/15/28			124		144,030

					13,265,783

Internet & Direct Marketing Retail — 0.0%
Very Group Funding PLC, 6.50%, 08/01/26^(a)	GBP		224		305,925


Internet Software & Services — 1.3%
ANGI Group LLC, 3.88%, 08/15/28^(c)	USD		1,361		1,354,195
Endure Digital, Inc., 6.00%, 02/15/29^(c)			802		761,900
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(c)
5.25%, 12/01/27			1,113		1,160,303
3.50%, 03/01/29			700		693,875
Match Group Holdings II LLC^(c)
4.63%, 06/01/28			813		849,971
5.63%, 02/15/29			318		342,238
4.13%, 08/01/30			481		500,841
3.63%, 10/01/31^(h)			587		580,033
MercadoLibre, Inc., 2.38%, 01/14/26			8		7,870
Uber Technologies, Inc.^(c)
7.50%, 05/15/25			3,268		3,483,688
0.00%, 12/15/25^(l)(n)			1,757		1,708,912
8.00%, 11/01/26			1,878		1,984,811
7.50%, 09/15/27			2,407		2,628,143
6.25%, 01/15/28			1,033		1,107,882
4.50%, 08/15/29			2,560		2,577,600

					19,742,262

IT Services — 1.9%
Ahead DB Holdings LLC, 6.63%, 05/01/28^(c)			651		655,883
Austin BidCo, Inc., 7.13%, 12/15/28^(c)			372		374,790
Banff Merger Sub, Inc., 8.38%, 09/01/26^(a)	EUR		100		120,225
Booz Allen Hamilton, Inc.^(c)
3.88%, 09/01/28	USD		1,867		1,913,899
4.00%, 07/01/29			2,546		2,609,650
Camelot Finance SA, 4.50%, 11/01/26^(c)			2,798		2,906,422
Castle US Holding Corp., 9.50%, 02/15/28^(c)			1,601		1,673,045
Centurion Bidco SpA, 5.88%, 09/30/26^(a)	EUR		125		151,575
Dun & Bradstreet Corp.^(c)
6.88%, 08/15/26	USD		2,137		2,241,179
10.25%, 02/15/27			1,362		1,464,150
Fair Isaac Corp., 4.00%, 06/15/28^(c)			915		937,875
Gartner, Inc.^(c)
4.50%, 07/01/28			1,523		1,599,150
3.63%, 06/15/29			1,327		1,337,085
3.75%, 10/01/30			1,747		1,798,012
KBR, Inc., 4.75%, 09/30/28^(c)			955		966,937


Security		Par (000)		Value

IT Services (continued)
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(c)	USD		1,252	$	1,230,090
Science Applications International Corp., 4.88%, 04/01/28^(c)			904		934,239
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(c)			1,117		1,172,850
Twilio, Inc., 3.88%, 03/15/31			1,679		1,718,977
Unisys Corp., 6.88%, 11/01/27^(c)			305		333,213
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(c)			2,051		2,040,745

					28,179,991

Leisure Products — 0.3%
Mattel, Inc.
5.88%, 12/15/27^(c)			769		833,404
3.75%, 04/01/29^(c)			569		593,182
6.20%, 10/01/40			552		709,320
5.45%, 11/01/41			1,441		1,707,585

					3,843,491

Machinery — 1.3%
ATS Automation Tooling Systems, Inc., 4.13%, 12/15/28^(c)			553		567,118
Clark Equipment Co., 5.88%, 06/01/25^(c)			388		404,805
Colfax Corp., 6.38%, 02/15/26^(c)			753		791,930
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(c)(i)			1,662		1,765,875
Madison IAQ LLC^(c)
4.13%, 06/30/28			225		225,000
5.88%, 06/30/29			2,313		2,330,347
Mueller Water Products, Inc., 4.00%, 06/15/29^(c)			565		584,888
Novafives SAS, 5.00%, 06/15/25^(a)	EUR		100		108,306
Platin 1426 GmbH, 5.38%, 06/15/23^(a)			100		116,704
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(c).	USD		405		414,874
Renk AG/Frankfurt am Main, 5.75%, 07/15/25^(a)	EUR		229		276,005
Sofima Holding SpA^(a)
3.75%, 01/15/28			123		143,546
(3 mo. Euribor + 4.00%), 4.00%, 01/15/28^(b)			117		136,600
Stevens Holding Co., Inc., 6.13%, 10/01/26^(c)	USD		813		877,024
Terex Corp., 5.00%, 05/15/29^(c)			1,651		1,710,849
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26^(c)			2,649		2,706,549
TK Elevator Midco GmbH, 4.38%, 07/15/27^(a)	EUR		273		330,068
TK Elevator US Newco Inc., 5.25%, 07/15/27^(c)	USD		3,533		3,702,496
Vertical Holdco GmbH
6.63%, 07/15/28^(a)	EUR		90		110,693
7.63%, 07/15/28^(c)	USD		1,284		1,372,275

					18,675,952

Media — 13.1%
Advantage Sales & Marketing, Inc., 6.50%, 11/15/28^(c)			596		621,175
Altice Financing SA
2.25%, 01/15/25^(a)	EUR		170		189,614
3.00%, 01/15/28^(a)			196		213,710
5.00%, 01/15/28^(c)	USD		1,693		1,632,433
4.25%, 08/15/29^(a)	EUR		101		114,799
5.75%, 08/15/29^(c)(h)	USD		5,301		5,134,708
Altice France Holding SA^(c)
8.00%, 05/15/27	EUR		100		123,248
10.50%, 05/15/27	USD		9,928		10,857,261


Security		Par (000)		Value

Media (continued)
Altice France Holding SA^(c)(continued)
6.00%, 02/15/28	USD		2,258	$	2,168,753
AMC Networks, Inc.
4.75%, 08/01/25			1,216		1,246,400
4.25%, 02/15/29			684		680,580
Block Communications, Inc., 4.88%, 03/01/28^(c)			791		808,797
Cable One, Inc.^(c)
1.13%, 03/15/28⁽ⁿ⁾			1,164		1,181,029
4.00%, 11/15/30			643		640,589
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 05/01/27^(c)			751		782,024
5.00%, 02/01/28^(c)			262		273,502
5.38%, 06/01/29^(c)			2,119		2,288,520
4.75%, 03/01/30^(c)			1,252		1,308,935
4.50%, 08/15/30^(c)			5,318		5,486,687
4.25%, 02/01/31^(c)			1,626		1,654,211
4.50%, 05/01/32			3,180		3,275,400
4.50%, 06/01/33^(c)			1,426		1,451,269
4.25%, 01/15/34^(c)			5,063		5,015,534
Clear Channel International BV, 6.63%, 08/01/25^(c)			1,965		2,046,056
Clear Channel Outdoor Holdings, Inc.^(c)
7.75%, 04/15/28			3,117		3,280,642
7.50%, 06/01/29			4,241		4,410,640
Clear Channel Worldwide Holdings, Inc., 5.13%, 08/15/27^(c)			7,948		8,224,670
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(c)			10,367		10,846,474
CSC Holdings LLC
5.25%, 06/01/24			859		920,144
5.75%, 01/15/30^(c)			2,953		3,002,389
4.13%, 12/01/30^(c)			1,617		1,586,681
4.63%, 12/01/30^(c)			4,090		3,877,218
3.38%, 02/15/31^(c)			1,353		1,258,290
4.50%, 11/15/31^(c)			2,298		2,269,275
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 5.88%, 08/15/27^(c)			2,271		2,370,356
DISH DBS Corp.
5.88%, 07/15/22			4,569		4,708,926
5.00%, 03/15/23			1,948		2,018,615
7.75%, 07/01/26			2,785		3,144,892
5.13%, 06/01/29			4,997		4,896,011
DISH Network Corp.⁽ⁿ⁾
2.38%, 03/15/24			1,680		1,636,950
3.38%, 08/15/26			2,495		2,593,552
Frontier Communications Holdings LLC^(c)
5.88%, 10/15/27			2,553		2,712,562
5.00%, 05/01/28			3,673		3,856,650
6.75%, 05/01/29			2,518		2,653,342
GCI LLC, 4.75%, 10/15/28^(c)			448		470,311
Hughes Satellite Systems Corp., 5.25%, 08/01/26			755		851,262
iHeartCommunications, Inc., 8.38%, 05/01/27			201		214,463
LCPR Senior Secured Financing DAC^(c)
6.75%, 10/15/27			3,016		3,196,960
5.13%, 07/15/29			2,237		2,303,998
Liberty Broadband Corp.^(c)(n)
1.25%, 09/30/50			2,444		2,481,882
2.75%, 09/30/50			4,421		4,667,001
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(c)(i)			1,659		1,609,472


Security		Par (000)		Value

Media (continued)
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(c)	USD		905	$	935,562
Live Nation Entertainment, Inc.^(c)
4.88%, 11/01/24			134		135,497
6.50%, 05/15/27			5,230		5,753,000
4.75%, 10/15/27			624		634,131
3.75%, 01/15/28			971		965,235
Lorca Telecom Bondco SA, 4.00%, 09/18/27^(a)	EUR		105		122,248
Midas OpCo Holdings LLC, 5.63%, 08/15/29^(c)	USD		553		572,217
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(c)			972		1,011,376
News Corp., 3.88%, 05/15/29^(c)			688		706,920
Outfront Media Capital LLC/Outfront Media Capital Corp.^(c)
5.00%, 08/15/27			1,349		1,383,602
4.25%, 01/15/29			668		662,088
Radiate Holdco LLC/Radiate Finance, Inc.^(c)
4.50%, 09/15/26			2,788		2,878,610
6.50%, 09/15/28			6,404		6,529,903
Sable International Finance Ltd., 5.75%, 09/07/27^(c)			600		630,000
Scripps Escrow II, Inc., 3.88%, 01/15/29^(c)			87		87,304
Sinclair Television Group, Inc., 4.13%, 12/01/30^(c)			1,176		1,149,540
Sirius XM Radio, Inc.^(c)
3.13%, 09/01/26			2,692		2,729,015
4.00%, 07/15/28			2,879		2,927,583
5.50%, 07/01/29			1,705		1,843,531
4.13%, 07/01/30			410		411,901
3.88%, 09/01/31			3,922		3,831,304
Summer BC Holdco A Sarl, 9.25%, 10/31/27^(a)	EUR		180		226,803
Summer BC Holdco B Sarl, 5.75%, 10/31/26^(a)			300		364,011
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25^(a)(i)			151		178,480
TEGNA, Inc., 5.50%, 09/15/24^(c)	USD		144		145,616
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(c)			2,000		2,101,000
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(c)			672		618,240
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(c)			3,923		4,148,102
Univision Communications, Inc.^(c)
5.13%, 02/15/25			800		811,680
6.63%, 06/01/27			696		756,030
UPC Broadband Finco BV, 4.88%, 07/15/31^(c)			2,494		2,553,507
UPC Holding BV, 3.88%, 06/15/29^(a)	EUR		100		118,895
UPCB Finance VII Ltd., 3.63%, 06/15/29^(a)			360		427,952
Videotron Ltd., 3.63%, 06/15/29^(c)	USD		1,977		2,004,184
Virgin Media Finance PLC, 3.75%, 07/15/30^(a)	EUR		142		166,542
Virgin Media Secured Finance PLC, 4.50%, 08/15/30^(c)	USD		795		807,919
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28^(a)	GBP		100		137,204
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(c)	USD		3,073		3,173,948
WMG Acquisition Corp.
3.88%, 07/15/30^(c)			655		681,200
2.25%, 08/15/31^(a)	EUR		141		163,182
Ziggo Bond Co. BV^(c)
6.00%, 01/15/27	USD		291		300,839
5.13%, 02/28/30			868		890,112


Security		Par (000)		Value

Media (continued)
Ziggo BV
5.50%, 01/15/27^(c)	USD		1,368	$	1,414,170
2.88%, 01/15/30^(a)	EUR		106		123,969
4.88%, 01/15/30^(c)	USD		1,365		1,407,656

					194,880,670

Metals & Mining — 3.0%
Allegheny Technologies, Inc.
7.88%, 08/15/23			284		319,500
4.88%, 10/01/29			550		552,062
5.13%, 10/01/31			620		624,774
Arconic Corp.^(c)
6.00%, 05/15/25			1,484		1,558,526
6.13%, 02/15/28			2,032		2,153,961
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(c)			4,699		5,080,794
Constellium SE^(c)
5.88%, 02/15/26			3,827		3,884,405
5.63%, 06/15/28			1,235		1,297,485
3.75%, 04/15/29			3,074		2,993,830
Freeport-McMoRan, Inc.
5.40%, 11/14/34			262		314,728
5.45%, 03/15/43			4,792		5,900,150
Glencore Funding LLC, Series GLEN, 0.00%, 03/27/25^(a)(l)(n)			200		199,414
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(c)			1,645		1,677,077
Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28^(c)			567		628,661
Kaiser Aluminum Corp.^(c)
4.63%, 03/01/28			447		461,527
4.50%, 06/01/31			712		729,800
KME SE, 6.75%, 02/01/23^(a)	EUR		100		109,520
New Gold, Inc.^(c)
6.38%, 05/15/25	USD		239		246,170
7.50%, 07/15/27			2,345		2,412,724
Novelis Corp.^(c)
3.25%, 11/15/26			2,518		2,553,705
4.75%, 01/30/30			3,874		4,078,160
3.88%, 08/15/31			3,131		3,096,716
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29^(a)	EUR		100		120,695
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(c)(h)	USD		659		675,475
thyssenkrupp AG^(a)
1.88%, 03/06/23	EUR		127		147,992
2.88%, 02/22/24			100		118,731
United States Steel Corp.
6.25%, 03/15/26	USD		44		45,375
6.88%, 03/01/29			1,838		1,959,703
Vedanta Resources Finance II PLC, 8.95%, 03/11/25^(c)			1,154		1,151,115

					45,092,775

Mortgage Real Estate Investment Trusts (REITs) — 0.0%
Starwood Property Trust, Inc., 5.50%, 11/01/23^(c)			157		164,690


Multi-line Retail — 0.5%
Bath & Body Works, Inc.
6.63%, 10/01/30^(c)			737		836,495
6.88%, 11/01/35			2,966		3,722,330
6.75%, 07/01/36			384		476,160


Security		Par (000)		Value

Multi-line Retail (continued)
Dufry One BV, 2.00%, 02/15/27^(a)	EUR		194	$	214,090
Marks & Spencer PLC, 4.50%, 07/10/27^(a)	GBP		100		143,718
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(c)	USD		2,192		2,326,260

					7,719,053

Offshore Drilling & Other Services^(c)— 0.1%
Entegris, Inc.
4.38%, 04/15/28			1,037		1,086,257
3.63%, 05/01/29			535		545,774

					1,632,031

Oil, Gas & Consumable Fuels — 14.4%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(c)			2,544		2,747,520
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(c)
7.88%, 05/15/26			2,299		2,513,842
5.75%, 03/01/27			341		352,270
5.38%, 06/15/29			1,137		1,171,110
Antero Resources Corp.^(c)
7.63%, 02/01/29			1,310		1,464,580
5.38%, 03/01/30			563		592,923
Apache Corp.
4.25%, 01/15/30			1,125		1,212,210
5.10%, 09/01/40			1,545		1,730,369
5.25%, 02/01/42			359		394,003
5.35%, 07/01/49			305		338,764
Arcosa, Inc., 4.38%, 04/15/29^(c)			2,048		2,073,600
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(c)
9.00%, 11/01/27			2,218		3,038,660
8.25%, 12/31/28			56		61,040
5.88%, 06/30/29			2,375		2,426,597
Brand Industrial Services, Inc., 8.50%, 07/15/25^(c)			1,889		1,896,084
Buckeye Partners LP
4.13%, 03/01/25^(c)			34		35,233
5.85%, 11/15/43			816		816,734
5.60%, 10/15/44			1,073		1,043,493
Callon Petroleum Co.
6.13%, 10/01/24			534		524,778
9.00%, 04/01/25^(c)			3,204		3,464,501
8.00%, 08/01/28^(c)			3,426		3,383,175
Cellnex Telecom SA, Series CLNX, 0.75%, 11/20/31^(a)	EUR		900		1,024,345
Centennial Resource Production LLC, 6.88%, 04/01/27^(c)	USD		1,284		1,308,056
Cheniere Energy Partners LP
4.50%, 10/01/29			2,308		2,453,704
4.00%, 03/01/31^(c)			4,004		4,192,989
3.25%, 01/31/32^(c)			2,675		2,683,827
Cheniere Energy, Inc., 4.63%, 10/15/28			8,593		9,054,874
Chesapeake Energy Corp., 5.88%, 02/01/29^(c)			96		102,571
CITGO Petroleum Corp.^(c)
7.00%, 06/15/25			1,453		1,485,692
6.38%, 06/15/26			1,302		1,328,040
CNX Midstream Partners LP, 4.75%, 04/15/30^(c)			502		509,768
CNX Resources Corp., 6.00%, 01/15/29^(c)			278		293,985
Colgate Energy Partners III LLC^(c)
7.75%, 02/15/26			647		680,968


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Colgate Energy Partners III LLC^(c)(continued)
5.88%, 07/01/29	USD		1,651	$	1,663,382
Comstock Resources, Inc.^(c)
7.50%, 05/15/25			933		969,928
6.75%, 03/01/29			2,877		3,107,160
5.88%, 01/15/30			1,657		1,723,280
Continental Resources, Inc.
4.50%, 04/15/23			146		151,293
4.90%, 06/01/44			537		601,440
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(c)			2,021		2,149,435
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(c)			3,881		3,972,009
DCP Midstream Operating LP
6.45%, 11/03/36^(c)			1,282		1,592,988
6.75%, 09/15/37^(c)			2,344		3,023,760
5.60%, 04/01/44			22		25,630
DT Midstream, Inc.^(c)
4.13%, 06/15/29			2,468		2,502,700
4.38%, 06/15/31			3,139		3,233,170
Dycom Industries, Inc., 4.50%, 04/15/29^(c)			564		566,383
eG Global Finance PLC
4.38%, 02/07/25^(a)	EUR		133		153,073
6.75%, 02/07/25^(c)	USD		1,613		1,649,292
6.25%, 10/30/25^(a)	EUR		463		547,847
8.50%, 10/30/25^(c)	USD		1,586		1,651,422
Endeavor Energy Resources LP/EER Finance, Inc., 5.50%, 01/30/26^(c)			3,785		3,945,484
Energy Transfer LP, Series H, (5 year CMT + 5.69%), 6.50%^(b)(k)			3,372		3,511,500
EnLink Midstream LLC
5.63%, 01/15/28^(c)			899		957,201
5.38%, 06/01/29			474		501,480
EnLink Midstream Partners LP
4.40%, 04/01/24			1,638		1,702,570
4.15%, 06/01/25			108		111,297
4.85%, 07/15/26			297		311,761
5.60%, 04/01/44			1,316		1,256,780
5.05%, 04/01/45			220		200,750
EQM Midstream Partners LP
6.00%, 07/01/25^(c)			1,338		1,466,716
4.13%, 12/01/26			361		370,819
6.50%, 07/01/27^(c)			1,929		2,169,643
4.50%, 01/15/29^(c)			981		1,017,788
4.75%, 01/15/31^(c)			2,084		2,167,402
EQT Corp.
3.13%, 05/15/26^(c)			984		1,008,718
3.90%, 10/01/27			1,622		1,755,377
5.00%, 01/15/29			271		305,132
7.50%, 02/01/30			880		1,132,736
3.63%, 05/15/31^(c)			276		287,592
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25			350		348,250
8.00%, 01/15/27			1,093		1,106,663
7.75%, 02/01/28			188		187,823
Great Western Petroleum LLC/Great Western Finance Corp., 12.00%, 09/01/25^(c)			634		643,691
Harvest Midstream I LP, 7.50%, 09/01/28^(c)			315		335,522


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Hess Midstream Operations LP, 4.25%, 02/15/30^(c)	USD		1,396	$	1,411,705
Independence Energy Finance LLC, 7.25%, 05/01/26^(c)			2,211		2,276,689
ITT Holdings LLC, 6.50%, 08/01/29^(c)			1,889		1,905,529
MasTec, Inc., 4.50%, 08/15/28^(c)			1,122		1,171,087
Matador Resources Co., 5.88%, 09/15/26			5,187		5,361,802
Murphy Oil Corp.
5.75%, 08/15/25			833		859,839
6.38%, 12/01/42			141		142,076
Murphy Oil USA, Inc., 4.75%, 09/15/29			928		982,520
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(c)			200		205,750
New Fortress Energy, Inc.^(c)
6.75%, 09/15/25			5,338		5,137,825
6.50%, 09/30/26			6,468		6,185,025
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(c)			1,131		1,152,206
NGPL PipeCo LLC, 7.77%, 12/15/37^(c)			1,640		2,350,314
Northern Oil and Gas, Inc., 8.13%, 03/01/28^(c)			2,707		2,891,753
NuStar Logistics LP
5.75%, 10/01/25			719		774,723
6.00%, 06/01/26			908		980,640
6.38%, 10/01/30			75		82,500
Occidental Petroleum Corp.
6.95%, 07/01/24			363		410,190
5.50%, 12/01/25			450		498,375
5.55%, 03/15/26			164		182,040
3.00%, 02/15/27			25		24,981
8.88%, 07/15/30			164		222,783
6.13%, 01/01/31			1,235		1,482,587
4.30%, 08/15/39			2,394		2,361,154
6.20%, 03/15/40			3,730		4,392,821
4.50%, 07/15/44			1,464		1,471,042
4.63%, 06/15/45			2,459		2,514,327
6.60%, 03/15/46			57		71,535
4.40%, 04/15/46			2,413		2,406,606
4.10%, 02/15/47			340		323,306
4.20%, 03/15/48			1,598		1,530,085
4.40%, 08/15/49			472		463,150
Ovintiv Exploration, Inc., 5.38%, 01/01/26			211		238,570
Ovintiv, Inc.
7.38%, 11/01/31			485		657,881
6.50%, 08/15/34			314		423,485
Parkland Corp., 5.88%, 07/15/27^(c)			1,223		1,296,380
PDC Energy, Inc.
6.13%, 09/15/24			711		721,665
6.25%, 12/01/25			298		302,470
Range Resources Corp.
4.88%, 05/15/25			464		489,891
9.25%, 02/01/26			114		124,266
Rockcliff Energy II LLC, 5.50%, 10/15/29^(c)(h)			1,095		1,111,425
SM Energy Co.
10.00%, 01/15/25^(c)			4,914		5,480,977
5.63%, 06/01/25			380		382,177
6.75%, 09/15/26			604		616,859
6.50%, 07/15/28			549		568,391
Southwestern Energy Co.
6.45%, 01/23/25			41		45,144
8.38%, 09/15/28			370		419,110


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Southwestern Energy Co. (continued)
5.38%, 02/01/29^(c)	USD		2,640	$	2,824,298
Sunoco LP/Sunoco Finance Corp.
6.00%, 04/15/27			339		352,984
5.88%, 03/15/28			808		852,440
Tap Rock Resources LLC, 7.00%, 10/01/26^(c)			3,179		3,254,501
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.88%, 04/15/26			1,082		1,130,014
5.38%, 02/01/27			188		194,806
6.50%, 07/15/27			786		847,489
6.88%, 01/15/29			602		674,526
5.50%, 03/01/30			1,989		2,174,847
4.88%, 02/01/31			1,250		1,348,437
4.00%, 01/15/32^(c)			783		809,191
Transocean, Inc., 11.50%, 01/30/27^(c)			965		993,950
UGI International LLC, 3.25%, 11/01/25^(a)	EUR		100		117,443
Venture Global Calcasieu Pass LLC^(c)
3.88%, 08/15/29	USD		4,153		4,277,798
4.13%, 08/15/31			3,781		3,941,692
Vine Energy Holdings LLC, 6.75%, 04/15/29^(c)			3,217		3,472,365
Western Midstream Operating LP
4.75%, 08/15/28			145		158,091
5.45%, 04/01/44			1,561		1,793,027
5.30%, 03/01/48			2,255		2,598,887
5.50%, 08/15/48			576		673,920
6.50%, 02/01/50			3,291		3,872,783

					213,956,337

Personal Products — 0.1%
Coty, Inc.
4.00%, 04/15/23^(a)	EUR		200		232,972
3.88%, 04/15/26^(a)			206		244,051
4.75%, 04/15/26^(a)			100		116,916
6.50%, 04/15/26^(c)	USD		100		102,465
Edgewell Personal Care Co., 5.50%, 06/01/28^(c)			472		498,493

					1,194,897

Pharmaceuticals — 3.3%
180 Medical, Inc., 3.88%, 10/15/29^(h)			754		754,000
Almirall SA, 2.13%, 09/30/26^(a)	EUR		100		116,704
Bausch Health Americas, Inc., 9.25%, 04/01/26^(c)	USD		306		326,800
Bausch Health Cos., Inc.^(c)
6.13%, 04/15/25			290		295,989
9.00%, 12/15/25			339		357,806
5.75%, 08/15/27			1,292		1,353,370
7.00%, 01/15/28			1,393		1,427,407
5.00%, 01/30/28			1,385		1,313,977
4.88%, 06/01/28			1,102		1,141,948
5.00%, 02/15/29			2,500		2,328,125
6.25%, 02/15/29			2,338		2,313,498
7.25%, 05/30/29			2,892		2,963,866
5.25%, 01/30/30			949		884,943
5.25%, 02/15/31			225		206,912
Cheplapharm Arzneimittel GmbH
3.50%, 02/11/27^(a)	EUR		166		194,449
4.38%, 01/15/28^(a)			100		120,468
5.50%, 01/15/28^(c)	USD		1,643		1,702,263
Elanco Animal Health, Inc., 5.90%, 08/28/28			241		281,970
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.50%, 07/31/27^(c)			1,794		1,797,983


Security		Par (000)		Value

Pharmaceuticals (continued)
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc., 6.13%, 04/01/29^(c)	USD		2,740	$	2,740,000
Gruenenthal GmbH^(a)
3.63%, 11/15/26	EUR		100		120,135
4.13%, 05/15/28			217		263,357
Jaguar Holding Co. II/PPD Development LP^(c)
4.63%, 06/15/25	USD		529		549,499
5.00%, 06/15/28			3,623		3,899,580
Jazz Securities DAC, 4.38%, 01/15/29^(c)			2,194		2,273,642
Nidda BondCo GmbH^(a)
5.00%, 09/30/25	EUR		100		115,377
7.25%, 09/30/25			237		278,772
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24^(a)			300		345,072
Organon & Co./Organon Foreign Debt Co-Issuer BV
2.88%, 04/30/28^(a)			120		141,839
4.13%, 04/30/28^(c)	USD		4,094		4,175,880
5.13%, 04/30/31^(c)			3,727		3,914,654
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25^(c)			1,540		1,599,598
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(c)			4,313		4,393,869
PRA Health Sciences, Inc., 2.88%, 07/15/26^(c)			2,163		2,184,630
Prestige Brands, Inc., 3.75%, 04/01/31^(c)			834		804,810
Rossini Sarl, 6.75%, 10/30/25^(a)	EUR		201		241,536
Teva Pharmaceutical Finance Netherlands II BV
6.00%, 01/31/25			100		125,196
4.50%, 03/01/25			200		240,401
1.88%, 03/31/27^(a)			100		107,929
1.63%, 10/15/28^(a)			100		104,925
Teva Pharmaceutical Finance Netherlands III BV, 7.13%, 01/31/25	USD		200		217,475

					48,720,654

Professional Services^(h)— 0.6%
Mozart Debt Merger Sub, Inc.
3.88%, 04/01/29			2,559		2,559,000
5.25%, 10/01/29			5,737		5,737,000

					8,296,000

Real Estate Management & Development — 0.8%
Adler Group SA^(a)
3.25%, 08/05/25	EUR		200		203,870
2.75%, 11/13/26			200		198,078
Aedas Homes Opco SLU, 4.00%, 08/15/26^(a)			100		119,762
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/28^(c)	USD		1,518		1,647,030
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24^(a)	EUR		100		110,032
DIC Asset AG, 2.25%, 09/22/26^(a)			200		227,720
Fastighets AB Balder, (5 year EUR Swap + 3.19%), 2.87%, 06/02/81^(a)(b)			175		199,924
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(c)	USD		2,113		2,208,085
Heimstaden Bostad AB^(a)(b)(k)
(5 year EUR Swap + 3.15%), 2.63%	EUR		200		225,878
(5 year EUR Swap + 3.91%), 3.38%			100		118,615
Howard Hughes Corp.^(c)
5.38%, 08/01/28	USD		1,334		1,405,702
4.13%, 02/01/29			943		944,179
4.38%, 02/01/31			883		888,218


Security		Par (000)		Value

Real Estate Management & Development (continued)
Kennedy-Wilson, Inc., 4.75%, 02/01/30	USD		747	$	758,392
Realogy Group LLC/Realogy Co-Issuer Corp.^(c)
7.63%, 06/15/25			684		730,478
5.75%, 01/15/29			1,555		1,612,939

					11,598,902

Road & Rail — 0.2%
Autostrade per l’Italia SpA^(a)
1.88%, 11/04/25	EUR		100		120,378
2.00%, 01/15/30			279		338,854
CMA CGM SA, 7.50%, 01/15/26^(a)			215		275,569
Danaos Corp., 8.50%, 03/01/28^(c)	USD		161		177,905
Getlink SE, 3.50%, 10/30/25^(a)	EUR		220		263,680
Seaspan Corp., 5.50%, 08/01/29^(c)	USD		1,861		1,899,746

					3,076,132

Semiconductors & Semiconductor Equipment — 1.0%
ams AG, 2.13%, 11/03/27^(a)	EUR		100		114,464
Atkore, Inc., 4.25%, 06/01/31^(c)	USD		908		935,240
Microchip Technology, Inc., 4.25%, 09/01/25			3,008		3,145,558
ON Semiconductor Corp., 3.88%, 09/01/28^(c)			1,700		1,755,250
Sensata Technologies BV^(c)
5.63%, 11/01/24			1,400		1,549,506
5.00%, 10/01/25			2,021		2,225,626
4.00%, 04/15/29			1,771		1,802,789
Sensata Technologies, Inc.^(c)
4.38%, 02/15/30			2,001		2,152,996
3.75%, 02/15/31			146		146,999
Synaptics, Inc., 4.00%, 06/15/29^(c)			1,094		1,119,239

					14,947,667

Software — 2.5%
ACI Worldwide, Inc., 5.75%, 08/15/26^(c)			1,657		1,731,565
Black Knight InfoServ LLC, 3.63%, 09/01/28^(c)			1,997		2,006,985
Boxer Parent Co., Inc.
6.50%, 10/02/25^(a)	EUR		373		453,626
7.13%, 10/02/25^(c)	USD		1,099		1,173,018
9.13%, 03/01/26^(c)			3,346		3,508,482
Cedacri Mergeco SpA, (3 mo. Euribor + 4.63%), 4.63%, 05/15/28^(a)(b)	EUR		163		189,755
Crowdstrike Holdings, Inc., 3.00%, 02/15/29	USD		1,451		1,446,139
Elastic NV, 4.13%, 07/15/29^(c)			2,011		2,021,055
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl, 4.63%, 05/01/28^(c)			959		944,615
MicroStrategy, Inc., 6.13%, 06/15/28^(c)			1,778		1,795,780
MSCI, Inc.^(c)
3.63%, 09/01/30			1,263		1,305,626
3.88%, 02/15/31			1,091		1,144,186
3.63%, 11/01/31			798		830,379
3.25%, 08/15/33			976		987,185
Nuance Communications, Inc., 5.63%, 12/15/26			884		914,940
Open Text Corp., 3.88%, 02/15/28^(c)			94		95,880
Open Text Holdings, Inc., 4.13%, 02/15/30^(c)			1,365		1,402,538
Playtika Holding Corp., 4.25%, 03/15/29^(c)			2,328		2,335,426
PTC, Inc., 4.00%, 02/15/28^(c)			493		505,941
Rocket Software, Inc., 6.50%, 02/15/29^(c)			2,044		2,023,560
SS&C Technologies, Inc., 5.50%, 09/30/27^(c)			5,376		5,676,693
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(c)			5,216		5,424,640

					37,918,014


Security		Par (000)		Value

Specialty Retail — 1.1%
Douglas GmbH, 6.00%, 04/08/26^(a)	EUR		100	$	117,596
Gap, Inc.^(c)
3.63%, 10/01/29	USD		546		547,365
3.88%, 10/01/31			424		424,000
Goldstory SASU, 5.38%, 03/01/26^(a)	EUR		100		119,947
PetSmart, Inc./PetSmart Finance Corp.^(c)
4.75%, 02/15/28	USD		1,897		1,949,167
7.75%, 02/15/29			6,375		6,956,719
Staples, Inc.^(c)
7.50%, 04/15/26			4,814		4,882,479
10.75%, 04/15/27			858		835,478
Tendam Brands SAU, (3 mo. Euribor + 5.25%), 5.25%, 09/15/24^(a)(b)	EUR		100		115,105

					15,947,856

Textiles, Apparel & Luxury Goods — 0.3%
BK LC Lux Finco1 Sarl, 5.25%, 04/30/29^(a)			100		120,179
Crocs, Inc.^(c)
4.25%, 03/15/29	USD		870		895,291
4.13%, 08/15/31			1,080		1,088,100
European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21^(a)(d)(j)	EUR		200		200,654
Hanesbrands, Inc., 5.38%, 05/15/25^(c)	USD		277		289,985
Levi Strauss & Co., 3.50%, 03/01/31^(c)			616		622,160
William Carter Co.^(c)
5.50%, 05/15/25			264		277,385
5.63%, 03/15/27			543		562,901
Wolverine World Wide, Inc., 4.00%, 08/15/29^(c)			554		559,540

					4,616,195

Thrifts & Mortgage Finance — 0.6%
Enact Holdings, Inc., 6.50%, 08/15/25^(c)			2,613		2,852,795
Home Point Capital, Inc., 5.00%, 02/01/26^(c)			1,171		1,061,535
Jerrold Finco PLC, 5.25%, 01/15/27^(a)	GBP		140		195,785
MGIC Investment Corp., 5.25%, 08/15/28	USD		857		914,462
Nationstar Mortgage Holdings, Inc.^(c)
6.00%, 01/15/27			422		441,750
5.50%, 08/15/28			967		996,010
5.13%, 12/15/30			713		714,576
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.^(c)(h)
2.88%, 10/15/26			1,022		998,698
4.00%, 10/15/33			1,033		1,025,252

					9,200,863

Transportation — 0.0%
Autostrade per l’Italia SpA, 2.00%, 12/04/28^(a)	EUR		226		274,748


Transportation Infrastructure^(a)— 0.0%
Atlantia SpA, 1.88%, 02/12/28			128		154,177
Heathrow Finance PLC, 4.63%, 09/01/29^(m)	GBP		215		294,338

					448,515

Utilities — 0.4%
Consensus Cloud Solutions, Inc.^(c)(h)
6.00%, 10/15/26	USD		386		396,615
6.50%, 10/15/28			475		492,931
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(c)			2,301		2,398,793


Security		Par (000)		Value

Utilities (continued)
Solaris Midstream Holdings LLC, 7.63%, 04/01/26^(c)	USD		589	$	631,205
Thames Water Kemble Finance PLC, 4.63%, 05/19/26^(a)	GBP		252		353,751
Vistra Operations Co. LLC, 4.38%, 05/01/29^(c)	USD		1,257		1,264,705

					5,538,000

Wireless Telecommunication Services — 3.6%
Altice France SA
2.50%, 01/15/25^(a)	EUR		169		192,140
7.38%, 05/01/26^(c)	USD		379		393,250
5.88%, 02/01/27^(a)	EUR		100		121,089
8.13%, 02/01/27^(c)	USD		3,783		4,070,508
5.50%, 01/15/28^(c)			1,997		2,030,400
4.13%, 01/15/29^(a)	EUR		200		229,064
5.13%, 01/15/29^(c)	USD		794		778,120
5.13%, 07/15/29^(c)			6,186		6,065,218
4.25%, 10/15/29^(a)(h)	EUR		147		168,149
5.50%, 10/15/29^(c)(h)	USD		2,590		2,563,796
GLP Capital LP/GLP Financing II, Inc., 4.00%, 01/15/31			511		551,165
Matterhorn Telecom SA, 4.00%, 11/15/27^(a)	EUR		300		355,574
Oi Movel SA, 8.75%, 07/30/26^(a)	USD		200		204,000
SBA Communications Corp., 3.88%, 02/15/27			6,017		6,235,116
Sprint Corp.
7.88%, 09/15/23			924		1,032,431
7.13%, 06/15/24			764		869,585
T-Mobile USA, Inc.
4.75%, 02/01/28			357		379,313
2.63%, 02/15/29			1,928		1,948,358
2.88%, 02/15/31			2,826		2,850,021
3.50%, 04/15/31^(c)			2,011		2,120,870
3.50%, 04/15/31			1,985		2,093,450
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC^(c)
7.88%, 02/15/25			1,089		1,150,637
6.50%, 02/15/29			2,528		2,600,465
VICI Properties LP/VICI Note Co., Inc.^(c)
3.50%, 02/15/25			560		571,200
4.25%, 12/01/26			2,664		2,782,095
3.75%, 02/15/27			1,223		1,265,805
4.63%, 12/01/29			1,285		1,381,375
4.13%, 08/15/30			3,142		3,330,520
Vmed O2 UK Financing I PLC
4.00%, 01/31/29^(a)	GBP		200		271,501
4.25%, 01/31/31^(c)	USD		257		256,358
4.50%, 07/15/31^(a)	GBP		201		276,244
4.75%, 07/15/31^(c)	USD		3,724		3,804,736
Vodafone Group PLC, (5 year EUR Swap + 3.23%), 3.00%, 08/27/80^(a)(b)	EUR		100		119,221

					53,061,774

Total Corporate Bonds — 118.3% (Cost: $1,681,615,497)					1,756,485,101


Security		Par (000)		Value

Floating Rate Loan Interests^(b)

Aerospace & Defense — 0.5%
Peraton Holding Corp.
2nd Lien Term Loan B1, (1 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 02/01/29	USD		1,611	$	1,641,206
Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/01/28			4,734		4,734,732
Spirit Aerosystems, Inc., 2020 Term Loan B, (1 mo. LIBOR + 5.25%, 0.75% Floor), 6.00%, 01/15/25			1,025		1,028,246
WP CPP Holdings LLC, 2018 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/30/25			320		311,242

					7,715,426

Air Freight & Logistics — 0.0%
AIT Worldwide Logistics, Inc, 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 03/31/28			388		388,971


Airlines — 0.8%
AAdvantage Loyalty IP Ltd./American Airlines, Inc., 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 04/20/28			3,424		3,539,038
Air Canada, 2021 Term Loan B, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/11/28			1,924		1,930,407
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/21/27			962		1,021,529
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/20/27			1,648		1,751,725
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 04/21/28.			3,595		3,617,008

					11,859,707

Auto Components — 0.1%
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/30/26			1,242		1,235,497


Banks — 0.2%
Directv Financing LLC, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 07/22/27			2,689		2,337,724


Building Products — 0.2%
CP Atlas Buyer, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/23/27			513		510,503
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 05/05/24			391		391,160
Standard Industries, Inc., 2021 Term Loan B, 09/22/28^(o)			2,617		2,618,413

					3,520,076

Capital Markets — 0.1%
AQGEN Ascensus, Inc., 2021 2nd Lien Term Loan, (2 mo. LIBOR + 6.50%, 0.50% Floor), 7.00%, 08/02/29^(f)			739		731,610
Deerfield Dakota Holding LLC, 2021 USD 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 04/07/28			1,206		1,242,180

					1,973,790

Chemicals — 1.0%
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 08/27/26			2,339		2,364,438


Security		Par (000)		Value

Chemicals (continued)
Atotech BV, 2021 USD Term Loan B, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 03/18/28	USD		2,560	$	2,555,848
Illuminate Buyer LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 06/30/27			2,057		2,052,754
Invictus Technical Solutions LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.83%, 03/30/26			298		297,721
Invictus US LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 03/28/25			1,984		1,977,800
Klockner-Pentaplast of America, Inc., 2021 Term Loan B, (6 mo. LIBOR + 4.75%, 0.50% Floor), 5.25%, 02/12/26			548		549,276
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.34%, 05/15/24			2,690		2,684,374
New Arclin U.S. Holding Corp.^(o)
2021 Delayed Draw Term Loan, 09/30/28			130		129,668
2021 Term Loan, 09/30/28			889		888,225
WR Grace & Co., 2021 Term Loan B, 09/22/28^(o)			1,728		1,733,409

					15,233,513

Commercial Services & Supplies — 0.7%
Asurion LLC, 2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.33%, 12/23/26			2,233		2,198,824
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.33%, 12/12/25			488		488,097
GFL Environmental, Inc., 2020 Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 05/30/25			544		544,612
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.08%, 08/27/25			6,630		6,635,247

					9,866,780

Construction & Engineering — 0.9%
Brand Industrial Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24			13,812		13,679,901


Construction Materials — 0.0%
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23			438		438,014


Containers & Packaging — 0.2%
BWAY Holding Co., 2017 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/03/24			2,885		2,822,764
Charter NEX US, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27			466		466,879

					3,289,643

Diversified Consumer Services — 0.2%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.58%, 01/29/27			364		363,477
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24			557		556,543
Sotheby’s, 2021 Term Loan B, (3 mo. LIBOR + 4.50%, 0.50% Floor), 5.00%, 01/15/27			408		408,994
TruGreen Limited Partnership, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%), 9.50%, 11/02/28^(f)			868		878,850

					2,207,864

Diversified Financial Services — 1.1%
Delta TopCo, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27			2,292		2,294,045
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, (1 Week LIBOR + 4.00%, 0.50% Floor), 4.50%, 02/16/28			543		544,476


Security		Par (000)		Value

Diversified Financial Services (continued)
KKR Apple Bidco LLC^(o)
2021 2nd Lien Term Loan, 07/13/29	USD		144	$	146,071
2021 Term Loan, 09/22/28			585		584,163
LBM Acquisition LLC, Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/17/27			263		260,128
Milano Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/01/27			4,244		4,250,467
Sovos Compliance, LLC, 2021 Term Loan, (3 mo. LIBOR + 4.50%), 5.00%, 08/11/28			822		826,233
Veritas US, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 09/01/25			4,572		4,587,612
White Cap Buyer LLC, Term Loan B, (1 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 10/19/27			2,911		2,917,610

					16,410,805

Diversified Telecommunication Services — 1.4%
Frontier Communications Corp., 2021 DIP Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/01/28			1,620		1,616,392
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23			1,231		1,244,588
2017 Term Loan B4, (PRIME + 5.50%), 8.75%, 01/02/24			1,899		1,926,504
2017 Term Loan B5, (Fixed + 8.62%), 8.63%, 01/02/24			10,040		10,181,997
2021 DIP Term Loan, (3 mo. LIBOR + 4.75%, 1.00% Floor), 3.60%, 10/13/22			5,060		5,089,885
Northwest Fiber LLC, 2021 Term Loan, (1 mo. LIBOR + 3.75%), 3.83%, 04/30/27			1,123		1,121,050

					21,180,416

Electrical Equipment — 0.1%
Gates Global LLC, 2021 Term Loan B3, (1 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 03/31/27			1,241		1,237,995


Energy Equipment & Services — 0.2%
New Arclin U.S. Holding Corp., 2021 2nd Lien Term Loan, 09/30/29^(f)(o)			2,814		2,792,895


Entertainment — 0.2%
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25%, 0.75% Floor), 7.00%, 11/12/25^(f)			2,091		2,138,249


Health Care Equipment & Supplies — 0.1%
Ortho-Clinical Diagnostics SA
2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 06/30/25			455		454,645
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		952		1,101,901

					1,556,546

Health Care Providers & Services — 1.1%
Da Vinci Purchaser Corp., 2019 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 01/08/27	USD		2,125		2,131,922
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.83%, 10/10/25			3,801		3,373,073
EyeCare Partners LLC
2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 8.38%, 02/18/28^(f)			3,500		3,482,499
2020 Term Loan, (3 mo. LIBOR + 3.75%), 3.88%, 02/18/27			744		739,447


Security		Par (000)		Value

Health Care Providers & Services (continued)
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 2.75%), 2.88%, 07/02/25	USD		987	$	961,009
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 08/06/26			992		991,928
LifePoint Health, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 11/16/25			442		441,024
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 04/29/25			1,453		1,453,845
Sotera Health Holdings LLC, 2021 Term Loan, (1 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 12/11/26			2,375		2,367,091

					15,941,838

Health Care Services — 0.1%
Azalea Topco, Inc., Term Loan, (1 mo. LIBOR + 3.50%), 3.63%, 07/24/26			980		973,675
Medical Solutions LLC, 2021 2nd Lien Term Loan, 10/01/29^(o)			738		730,620

					1,704,295

Health Care Technology — 0.7%
Athenahealth, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.25%), 4.38%, 02/11/26			681		681,941
Polaris Newco LLC, USD Term Loan B, (6 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 06/02/28			2,071		2,074,894
Verscend Holdings Corp., 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 7.50%, 02/01/29^(f)			8,084		8,124,420

					10,881,255

Hotels, Restaurants & Leisure — 0.6%
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 12/23/24			1,488		1,478,698
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.58%, 07/21/25			896		896,234
Golden Nugget LLC, 2017 Incremental Term Loan B, (2 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 10/04/23			2,068		2,057,447
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23^(f)			292		315,109
Great Canadian Gaming Corp., Term Loan, 11/01/26^(o)			303		303,833
IRB Holding Corp., 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/15/27			2,020		2,022,262
Life Time Fitness, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 12/16/24			1,337		1,346,465

					8,420,048

Household Durables — 0.1%
Springs Windows Fashions LLC, 2021 Term Loan B, 10/06/28^(o)			1,475		1,463,023


Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.08%, 08/12/26			93		91,794


Security		Par (000)		Value

Industrial Conglomerates — 0.2%
PSAV Holdings Corp., 2018 2nd Lien Term Loan, (6 mo. LIBOR + 7.25%, 1.00% Floor), 8.25%, 09/01/25	USD		1,279	$	991,354
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23			1,796		1,819,599

					2,810,953

Insurance — 0.7%
Alliant Holdings Intermediate LLC 2020 Term Loan B3, (1 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/05/27			761		760,687
Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 05/09/25			1,985		1,968,536
HUB International Ltd., 2018 Term Loan B, (3 mo. LIBOR + 2.75%), 2.88%, 04/25/25			1,389		1,375,199
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.00%), 3.75%, 09/01/27			1,048		1,047,361
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 12/31/25			3,583		3,553,718
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 09/03/26			1,254		1,250,220
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			536		536,047

					10,491,768

Interactive Media & Services — 0.3%
Camelot Finance SA, 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/30/26			638		639,575
Grab Holdings, Inc., Term Loan B, (6 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 01/29/26			3,877		3,908,812

					4,548,387

Internet & Direct Marketing Retail — 0.1%
CNT Holdings I Corp., 2020 Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 11/08/27			1,266		1,266,437


IT Services — 1.6%
Banff Merger Sub Inc, 2021 USD 2nd Lien Term Loan, 02/27/26^(f)(o)			2,250		2,275,313
Banff Merger Sub, Inc., 2021 USD Term Loan, (3 mo. LIBOR + 3.75%), 3.88%, 10/02/25			2,005		1,992,503
Celestial -Saturn Parent, Inc., 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.50% Floor), 7.00%, 06/04/29^(f)			1,413		1,441,260
Greeneden US Holdings II LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/01/27			1,466		1,470,244
Optiv Security, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 02/01/24			2,232		2,199,344
Peak 10 Holding Corp. 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 08/01/24			860		796,940


Security		Par (000)		Value

IT Services (continued)
Peak 10 Holding Corp. (continued) 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), 7.33%, 08/01/25	USD		420	$	385,174
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 02/12/27			2,317		2,263,799
Sophia LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 10/09/28			10,251		10,564,988
TierPoint LLC, 2021 Term Loan, (1 mo. LIBOR + 3.75%), 4.50%, 05/05/26			901		902,027

					24,291,592

Life Sciences Tools & Services — 0.3%
ICON Luxembourg Sarl
LUX Term Loan, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 07/03/28			2,156		2,163,072
US Term Loan, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 07/03/28			537		538,709
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 09/27/24			1,907		1,904,832

					4,606,613

Machinery — 0.7%
Madison IAQ LLC, Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 06/21/28			539		538,746
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.08%, 09/21/26			2,336		2,346,006
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.17%, 03/28/25			7,450		7,309,276

					10,194,028

Media — 1.2%
Altice Financing SA, 2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.88%, 07/15/25			239		235,500
Altice France SA, 2018 Term Loan B13, (3 mo. LIBOR + 4.00%), 4.12%, 08/14/26			998		993,529
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.63%, 08/21/26			6,258		6,123,034
Connect Finco Sarl, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/11/26			1,008		1,008,326
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			473		453,206
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 09/13/24			1,984		1,977,729
2021 2nd Lien Term Loan, (1 mo. LIBOR + 6.25%), 6.34%, 02/12/29			288		292,049
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 09/25/26			193		192,479
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 03/09/27			6,160		6,102,338

					17,378,190


Security		Par (000)		Value

Metals & Mining — 0.0%
Grinding Media Inc., 2021 Term Loan B, 09/22/28^(f)(o)	USD		513	$	513,641


Oil, Gas & Consumable Fuels — 0.7%
Ascent Resources Utica LLC, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%, 1.00% Floor), 10.00%, 11/01/25			9,529		10,418,184
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 06/30/24^(f)			90		49,719

					10,467,903

Pharmaceuticals — 0.2%
Endo Luxembourg Finance Co. I Sarl, 2021 Term Loan, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 03/27/28			2,487		2,427,987


Professional Services — 0.2%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.25%), 3.34%, 02/06/26			3,033		3,029,705


Software — 3.7%
Barracuda Networks, Inc., 2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 10/30/28			958		968,269
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.88%, 01/29/27			1,178		1,167,614
Cloudera, Inc.^(o)
2021 2nd Lien Term Loan, 08/10/29^(f)			1,463		1,455,685
2021 Term Loan, 08/10/28			4,172		4,164,198
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.43%, 05/28/24			1,703		1,642,138
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			506		519,283
2020 Term Loan, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 07/30/27			1,392		1,391,479
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.88%, 03/11/28			662		661,036
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed + 7.12%), 7.13%, 02/25/25			2,634		2,668,242
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 02/25/27			2,253		2,244,794
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 07/27/28			4,374		4,372,644
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 9.00%, 07/27/29^(f)			2,293		2,290,134
Mitchell International, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.33%, 11/29/24			2,366		2,361,884
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.33%, 12/01/25			613		611,910
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%), 4.09%, 04/26/24			1,003		1,002,524


Security		Par (000)		Value

Software (continued)
Proof Point, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 6.25%, 0.50% Floor), 6.75%, 08/31/29^(f)	USD		2,006	$	2,026,060
Proofpoint, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 08/31/28			1,334		1,326,663
RealPage, Inc.
1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 04/24/28			1,799		1,792,811
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.75% Floor), 7.25%, 04/22/29			6,751		6,886,371
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.33%, 05/30/25			1,781		1,765,201
Sabre GLBL, Inc.
2021 Term Loan B1, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 12/17/27			885		879,213
2021 Term Loan B2, (1 mo. LIBOR + 3.50%), 4.00%, 12/17/27			1,410		1,397,983
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.34%, 08/01/25			3,686		3,664,216
Sophia LP, 2020 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/07/27			3,372		3,382,750
Tempo Acquisition LLC
2020 Extended Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/02/26			171		171,057
Term Loan, (1 mo. LIBOR + 2.75%), 2.83%, 05/01/24			215		214,410
Tibco Software, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.34%, 03/03/28			1,576		1,590,972
Ultimate Software Group, Inc.
2021 Incremental Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 05/04/26			878		879,315
Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 05/04/26			563		563,427

					54,908,033

Specialty Retail — 0.3%
PetSmart, Inc., 2021 Term Loan B, (6 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/11/28			3,167		3,171,529
Staples, Inc., 7 Year Term Loan, (3 mo. LIBOR + 5.00%), 5.13%, 04/16/26			843		802,089

					3,973,618

Trading Companies & Distributors — 0.0%
Foundation Building Materials Holding Company LLC, 2021 Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 3.75%, 02/03/28			568		563,950


Wireless Telecommunication Services — 0.2%
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.84%, 06/10/27			2,501		2,498,242


Total Floating Rate Loan Interests — 21.0% (Cost: $308,872,724)					311,537,112


Security		Shares		Value

Investment Companies

Equity Funds — 0.6%
HYT Subsidary LLC			32,168	$	1,511,915
iShares Preferred & Income Securities ETF^(p)			203,000		7,878,430

					9,390,345


Total Investment Companies — 0.6% (Cost: $12,282,862)					9,390,345


		Par (000)

Preferred Securities

Capital Trusts — 2.2%

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(b)(k)	USD		655		754,069


Banks^(b)(k)— 0.1%
CaixaBank SA, 6.38%^(a)	EUR		200		250,164
CIT Group, Inc., Series A, 5.80%	USD		1,647		1,681,999

					1,932,163

Diversified Financial Services^(b)(k)— 1.8%
Banco Santander SA, 4.38%^(a)	EUR		200		241,870
Bank of America Corp.
Series AA, 6.10%	USD		130		144,967
Series X, 6.25%			2,242		2,466,200
Series Z, 6.50%			1,634		1,828,446
Barclays PLC, 4.38%			2,490		2,488,257
Credit Suisse Group AG^(c)
6.38%			1,658		1,819,655
5.25%			1,077		1,126,811
6.25%			200		215,478
HSBC Holdings PLC, 6.00%			2,298		2,519,183
JPMorgan Chase & Co.
Series FF, 5.00%			5,918		6,176,912
Series HH, 4.60%			1,416		1,447,860
Series Q, 5.15%			850		874,438
Series U, 6.13%			4,228		4,550,385
UniCredit SpA, 3.88%^(a)	EUR		200		226,429

					26,126,891


Diversified Telecommunication Services^(a)(b)(k)— 0.1%
Telefonica Europe BV
5.88%			200		256,864
4.38%			600		753,259

					1,010,123

Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26^(a)			320		378,341


Food & Staples Retailing — 0.0%
Casino Guichard Perrachon SA, 3.99%^(a)(b)(k)			100		82,301


Health Care Providers & Services — 0.0%
Korian SA, 4.13%^(a)(b)(k)	GBP		200		268,881


Internet & Direct Marketing Retail — 0.0%
Rakuten Group, Inc., 4.25%^(a)(b)(k)	EUR		225		262,865


Security		Par (000)		Value

Oil, Gas & Consumable Fuels^(a)(b)(k)— 0.0%
Abertis Infraestructuras Finance BV, 3.25%	EUR		200	$	237,609
BP Capital Markets PLC, 4.25%	GBP		125		178,900
Repsol International Finance BV
3.75%	EUR		100		123,333
4.25%			100		126,851

					666,693
Transportation Infrastructure — 0.0%
Poste Italiane SpA, 2.63%^(a)(b)(k)			200		229,643

Utilities^(a)(b)(k)— 0.1%
Electricite de France SA
3.00%			200		240,740
2.88%			200		239,259
3.38%			400		487,114
6.00%	GBP		100		148,714

					1,115,827
Wireless Telecommunication Services — 0.0%
Vodafone Group PLC, 4.20%, 10/03/78^(a)(b)	EUR		200		261,787


Total Capital Trusts — 2.2%					33,089,584


		Shares

Preferred Stocks — 0.9%

Banks — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $666,513)^(e)			680,898		7,006


Commercial Services & Supplies — 0.1%
Verscend Intermediate Holding^(f)			790		867,567


Insurance — 0.1%
Alliant Holdings, Inc.^(f)			1,431		1,491,087


Interactive Media & Services — 0.7%
ByteDance Ltd., Series E, (Acquired 11/11/20, Cost: $7,000,256)^(e)(f)			63,886		10,717,309


Total Preferred Stocks — 0.9%					13, 082,969


Total Preferred Securities — 3.1% (Cost: $41,092,150)					46,172,553


Total Long-Term Investments — 146.4% (Cost: $2,106,882,499)					2,174,169,648


Short-Term Securities

Money Market Funds — 0.2%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(p)(q)			2,805,732		2,805,732


Total Short-Term Securities — 0.2% (Cost: $2,805,732)					2,805,732


Options Purchased — 0.0% (Cost: $5,797)					13,996


Total Investments — 146.6% (Cost: $2,109,694,028)					2,176,989,376

Liabilities in Excess of Other Assets — (46.6)%					(691,644,731	)


Net Assets — 100.0%				$	1,485,344,645

^(a)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(b)	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.

^(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)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $13,922,837, representing 0.9% of its net assets as of period end, and an original cost of $9,674,866.

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

^(g)	All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

^(h)	When-issued security.

⁽ⁱ⁾	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.

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

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

^(l)	Zero-coupon bond.

^(m)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

⁽ⁿ⁾	Convertible security.

^(o)	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.

^(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 September 30, 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 financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $668,000,000 are categorized as Level 2 within the fair value hierarchy.

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 $28,537,680. A significant change in third party information could result in a significantly lower or higher value of such Level 3 financial instruments.


Currency Abbreviation

CAD		Canadian Dollar

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


Affiliated Issuer	Value at 12/31/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 09/30/21		Shares Held at 09/30/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	—	$	2,805,732	^(a)	$	—		$	—	$	—		$	2,805,732		2,805,732	$	192	$	—
iShares Preferred & Income Securities ETF		9,511,970		—			(1,675,627	)		62,881		(20,794	)		7,878,430		203,000		254,372		—

									$	62,881	$	(20,794	)	$	10,684,162			$	254,564	$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts
Euro Bund		3		12/08/21	$	590	$	10,078
10-Year U.S. Treasury Note		6		12/21/21		790		7,589
U.S. Long Bond		4		12/21/21		638		11,532
Ultra U.S. Treasury Bond		21		12/21/21		4,023		97,754
Long Gilt		4		12/29/21		675		22,040

							$	148,993


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)

USD	42,473	EUR	36,000	Natwest Markets PLC		12/15/21	$	711
USD	93,728	EUR	80,000	State Street Bank and Trust Co.		12/15/21		923
USD	105,471	EUR	90,000	State Street Bank and Trust Co.		12/15/21		1,065
USD	233,934	EUR	200,000	State Street Bank and Trust Co.		12/15/21		1,921
USD	22,094,351	EUR	18,628,500	Westpac Banking Corp.		12/15/21		484,093
USD	7,059,820	GBP	5,096,000	Natwest Markets PLC		12/15/21		192,769

								1,140,881

EUR	200,000	USD	233,594	State Street Bank and Trust Co.		10/01/21		(1,924	)
GBP	118,000	USD	161,226	Morgan Stanley & Co. International PLC		12/15/21		(2,217	)
USD	84,607	EUR	73,000	Toronto-Dominion Bank		12/15/21		(78	)

								(4,219	)

							$	1,136,662


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	N/R		USD	856	$	(6,490	)	$	(30,419	)	$	23,929
CenturyLink, Inc.		1.00			Quarterly	Barclays Bank PLC		06/20/25	N/R		USD	1,221		(48,015	)		(126,117	)		78,102
Adler Real Estate AG		5.00			Quarterly	Morgan Stanley & Co. International PLC		12/20/25	BB+		EUR	60		(4,423	)		8,748			(13,171	)
Virgin Media Finance PLC		5.00			Quarterly	JPMorgan Chase Bank N.A.		12/20/25	B		EUR	70		9,742			7,885			1,857
Adler Real Estate AG		5.00			Quarterly	JPMorgan Chase Bank N.A.		06/20/26	N/R		EUR	50		(3,593	)		4,894			(8,487	)
Adler Real Estate AG		5.00			Quarterly	JPMorgan Chase Bank N.A.		06/20/26	N/R		EUR	50		(3,594	)		5,497			(9,091	)
CMA CGM SA		5.00			Quarterly	Credit Suisse International		06/20/26	BB-		EUR	30		3,618			1,463			2,155
CMA CGM SA		5.00			Quarterly	Goldman Sachs International		06/20/26	B		EUR	20		2,412			1,764			648
Altice France SA		5.00			Quarterly	Credit Suisse International		12/20/26	N/R		EUR	80		5,294			6,291			(997	)

													$	(45,049	)	$	(119,994	)	$	74,945


C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S		2


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	3,523,578	$	—	$	3,523,578
Common Stocks
Auto Components		35,521		—		—		35,521
Building Products		40,913		—		—		40,913
Chemicals		4,187,857		—		—		4,187,857
Communications Equipment		651,722		—		—		651,722
Consumer Finance		51		—		—		51
Containers & Packaging		—		1,619,954		—		1,619,954
Diversified Financial Services		—		—		22,236		22,236
Diversified Telecommunication Services		28,042		—		—		28,042
Electrical Equipment		1,394,922		—		—		1,394,922
Energy Equipment & Services		—		78,765		—		78,765
Equity Real Estate Investment Trusts (REITs)		9,566,972		—		—		9,566,972
Hotels, Restaurants & Leisure		932,501		—		—		932,501
Life Sciences Tools & Services		4,113,618		—		—		4,113,618
Media		1,334,125		—		—		1,334,125
Metals & Mining		2,160,752		—		—		2,160,752
Oil, Gas & Consumable Fuels		18,528,680		1,578,568		—		20,107,248
Road & Rail		760,256		—		—		760,256
Semiconductors & Semiconductor Equipment		25,504		—		—		25,504
Corporate Bonds
Aerospace & Defense		—		69,660,476		—		69,660,476
Airlines		228,174		37,843,404		—		38,071,578
Auto Components		—		30,465,082		—		30,465,082
Automobiles		—		32,581,196		—		32,581,196
Banks		—		10,810,906		—		10,810,906
Beverages		—		32,907,335		—		32,907,335
Biotechnology		—		1,531,573		—		1,531,573
Building Materials		—		20,215,611		—		20,215,611
Building Products		—		17,999,276		—		17,999,276
Capital Markets		—		23,368,862		—		23,368,862
Chemicals		—		36,416,461		—		36,416,461
Commercial Services & Supplies		—		19,135,056		—		19,135,056
Communications Equipment		—		19,038,879		—		19,038,879
Construction Materials		—		7,648,357		—		7,648,357
Consumer Discretionary		—		32,988,640		—		32,988,640
Consumer Finance		111,787		36,841,140		—		36,952,927
Containers & Packaging		—		3,991,874		—		3,991,874
Diversified Consumer Services		—		43,589,863		—		43,589,863
Diversified Financial Services		—		25,494,931		—		25,494,931
Diversified Telecommunication Services		—		62,226,916		—		62,226,916
Electric Utilities		—		15,756,353		—		15,756,353
Electrical Equipment		—		2,773,471		—		2,773,471
Electronic Equipment, Instruments & Components		—		10,123,605		—		10,123,605
Energy Equipment & Services		—		8,406,266		3,931,883		12,338,149
Entertainment		—		1,160,391		—		1,160,391
Environmental, Maintenance, & Security Service		—		16,258,600		—		16,258,600
Equity Real Estate Investment Trusts (REITs)		—		31,965,038		—		31,965,038
Food & Staples Retailing		—		41,044,736		—		41,044,736
Food Products		—		16,170,709		—		16,170,709
Gas Utilities		—		811,325		—		811,325
Health Care Equipment & Supplies		—		12,673,261		—		12,673,261
Health Care Providers & Services		—		91,862,873		—		91,862,873
Health Care Technology		—		19,823,108		—		19,823,108
Healthcare		—		582,000		—		582,000
Hotels, Restaurants & Leisure		94,661		86,871,268		—		86,965,929
Household Durables		—		22,901,922		—		22,901,922
Independent Power and Renewable Electricity Producers		—		14,532,792		—		14,532,792


	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		—			—			—			—			—
Transfers out of Level 3^(a)		(196,573	)		—			(12,794,436	)		(1,930,104	)		(14,921,113	)
Accrued discounts/premiums		—			108,430			19,629			—			128,059
Net realized gain (loss)		(3,355,506	)		17,163			421			—			(3,337,922	)
Net change in unrealized appreciation (depreciation)^(b)		4,231,530			1,397,110			629,469			3,893,417			10,151,526
Purchases		—			64,245			21,309,178			7,774,456			29,147,879
Sales		(2,370,172	)		(106,505	)		(15,803	)		(7,000,256	)		(9,492,736	)

Closing balance, as of September 30, 2021	$	22,236		$	3,931,883		$	28,515,444		$	13,075,963		$	45,545,526

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2021^(b)	$	(23,305	)	$	1,421,123		$	629,469		$	3,893,417		$	5,920,704


Portfolio Abbreviation (continued)

ETF		Exchange-Traded Fund

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust