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	$	104,751
Anchorage Capital Europe CLO 2 DAC, Series 2X, Class ER, (3 mo. EURIBOR + 6.45%), 6.45%, 04/15/34^(a)(b)			203		215,505
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 2.31%, 05/15/30^(b)(c)	USD		500		490,054
Aurium CLO II DAC, Series 2X, Class ERR, (3 mo. EURIBOR + 6.08%), 6.08%, 06/22/34^(a)(b)	EUR		100		101,639
BBAM European CLO I DAC, Series 1X, Class ER, (3 mo. EURIBOR + 5.91%), 5.91%, 07/22/34^(a)(b)			100		102,910
Bilbao CLO II DAC, Series 2X, Class DR, (3 mo. EURIBOR + 5.97%), 5.97%, 08/20/35^(a)(b)			100		102,420
BlueMountain Fuji Eur CLO IV DAC, Series 4X, Class ER, (3 mo. EURIBOR + 6.21%), 6.21%, 02/25/34^(a)(b)			100		102,866
Contego CLO IX DAC, Series 9X, Class E, (3 mo. EURIBOR + 6.01%), 6.01%, 01/24/34^(a)(b)			100		103,011
Contego CLO VIII DAC, Series 8X, Class ER, (3 mo. EURIBOR + 6.06%), 6.06%, 01/25/34^(a)(b)			100		100,214
CVC Cordatus Loan Fund XX DAC, Series 20X, Class E, (3 mo. EURIBOR + 5.61%), 5.61%, 06/22/34^(a)(b)			100		100,311
Galaxy XVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 2.19%, 07/15/31^(b)(c)	USD		250		244,602
Greene King Finance PLC^(b)
Series B1, (Update Replacements.xls: SONIO/N + 1.92%), 2.61%, 12/15/34	GBP		100		107,746
Series B2, (Update Replacements.xls: SONIO/N + 2.20%), 2.87%, 03/15/36^(a)			100		107,059
Invesco Euro CLO, Series 6X, Class E, (3 mo. EURIBOR + 5.99%), 5.99%, 07/15/34^(a)(b)	EUR		100		104,141
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		101,804
Northwoods Capital 21 Euro DAC, Series 2020-21X, Class ER, (3 mo. EURIBOR + 6.06%), 6.06%, 07/22/34^(a)(b)			100		101,495
Northwoods Capital 23 Euro DAC, Series 2021-23X, Class E, (3 mo. EURIBOR + 6.21%), 6.21%, 03/15/34^(a)(b)			100		102,594
OCP Euro CLO DAC, Series 2019-3X, Class ER, (3 mo. EURIBOR + 6.02%), 6.02%, 04/20/33^(a)(b)			100		102,271
Providus Clo III DAC, Series 3X, Class ER, (3 mo. EURIBOR + 6.26%), 6.26%, 07/18/34^(a)(b)			100		101,106
Rockfield Park CLO DAC, Class D, (3 mo. EURIBOR + 5.95%), 5.95%, 07/16/34^(a)(b)			100		98,459


Security		Par (000)		Value

Asset-Backed Securities (continued)
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32^(a)	GBP		300	$	463,066
Voya Euro CLO II DAC, Class ER, (3 mo. EURIBOR + 6.02%), 6.02%, 07/15/35^(a)(b)	EUR		100		103,196


Total Asset-Backed Securities — 0.2% (Cost: $3,526,682)					3,261,220


		Shares

Common Stocks

Auto Components — 0.0%
Lear Corp.^(d)(e)			227		32,368


Building Products — 0.0%
AZEK Co., Inc.^(e)			1,120		27,821


Chemicals — 0.2%
Diversey Holdings Ltd.^(e)			180,731		1,368,134
Element Solutions, Inc.			82,998		1,817,656


					3,185,790

Communications Equipment — 0.0%
CommScope Holding Co., Inc.^(e)			47,956		377,893


Consumer Finance — 0.0%
Ally Financial, Inc.			1		43


Containers & Packaging — 0.1%
Ardagh Metal Packaging S.A., (Acquired 08/02/21, Cost: $1,599,352)^(f)			162,646		1,322,312


Diversified Financial Services^(g) — 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^(e)			1,859		47,423


Electrical Equipment — 0.1%
Sensata Technologies Holding PLC^(e)			22,226		1,130,192


Equity Real Estate Investment Trusts (REITs) — 0.7%
Gaming and Leisure Properties, Inc.			84,514		3,966,242
VICI Properties, Inc.			203,821		5,800,746


					9,766,988

Hotels, Restaurants & Leisure — 0.1%
Aramark			28,378		1,067,013


IT Services^(e) — 0.1%
Block, Inc.			4,614		625,658
Twilio, Inc., Class A			2,522		415,651


					1,041,309

Life Sciences Tools & Services^(e) — 0.3%
Avantor, Inc.			56,168		1,899,602
Syneos Health, Inc.			25,747		2,084,219


					3,983,821

Media^(e) — 0.1%
Clear Channel Outdoor Holdings, Inc.			482,919		1,670,900
Mediaco Holding, Inc., Class A			912		3,812


					1,674,712


Security		Shares		Value

Metals & Mining — 0.2%
Constellium SE^(e)			138,993	$	2,501,874


Oil, Gas & Consumable Fuels — 1.9%
Cheniere Energy, Inc.			12,010		1,665,186
Chesapeake Energy Corp.^(h)			105,382		9,168,234
Devon Energy Corp.			4,560		269,633
Diamondback Energy, Inc.			10,322		1,414,940
DT Midstream, Inc.^(e)			27,723		1,504,250
Energy Transfer LP			475,551		5,321,416
EQT Corp.			39,961		1,375,058
Matador Resources Co.			21,829		1,156,500
Occidental Petroleum Corp.			7,009		397,691
Pioneer Natural Resources Co.			4,191		1,047,876
Targa Resources Corp.			22,000		1,660,340
Western Midstream Partners LP			13,487		340,142


					25,321,266

Road & Rail — 0.1%
Uber Technologies, Inc.^(e)			46,373		1,654,589


Semiconductors & Semiconductor Equipment^(e) — 0.0%
Maxeon Solar Technologies Ltd.			128		1,853
SunPower Corp.			1,025		22,017


					23,870

Software — 0.1%
Informatica, Inc., Class A^(e)			84,308		1,664,240


Total Common Stocks — 4.0% (Cost: $65,663,418)					54,845,760


		Par (000)

Corporate Bonds

Aerospace & Defense — 4.3%
Amsted Industries, Inc., 5.63%, 07/01/27^(c)	USD		890		892,225
Bombardier, Inc.^(c)
7.50%, 12/01/24			1,019		1,052,117
7.50%, 03/15/25			389		390,984
7.13%, 06/15/26			3,386		3,318,280
7.88%, 04/15/27			3,774		3,695,180
6.00%, 02/15/28			2,483		2,327,167
7.45%, 05/01/34			234		237,510
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,243,676
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(c)			2,295		2,065,500
Howmet Aerospace, Inc., 5.13%, 10/01/24			44		45,540
Rolls-Royce PLC, 5.75%, 10/15/27^(c)			3,313		3,400,463
Spirit AeroSystems, Inc.^(c)
5.50%, 01/15/25			866		868,165
7.50%, 04/15/25			126		130,543
TransDigm, Inc.
8.00%, 12/15/25^(c)			1,221		1,276,897
6.25%, 03/15/26^(c)			28,020		28,766,453
6.38%, 06/15/26			638		643,758
7.50%, 03/15/27			445		458,350
4.63%, 01/15/29			1,859		1,738,109
4.88%, 05/01/29			1,665		1,560,555
Triumph Group, Inc., 8.88%, 06/01/24^(c)			3,523		3,720,993


					58,832,465


Security		Par (000)		Value

Airlines — 2.6%
Air Canada, 3.88%, 08/15/26^(c)	USD		1,881	$	1,775,194
Air France-KLM, 3.88%, 07/01/26^(a)	EUR		100		100,669
American Airlines, Inc., 11.75%, 07/15/25^(c)	USD		4,376		5,108,936
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(c)
5.50%, 04/20/26			2,791		2,811,655
5.75%, 04/20/29			4,884		4,865,878
Delta Air Lines, Inc., 7.00%, 05/01/25^(c)			751		804,407
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, 10/20/28^(c)			3,066		3,089,475
Deutsche Lufthansa AG^(a)
2.88%, 02/11/25	EUR		100		108,551
2.88%, 05/16/27			100		102,724
3.75%, 02/11/28			200		212,488
3.50%, 07/14/29			300		306,055
Finnair OYJ, 4.25%, 05/19/25^(a)			200		196,048
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(c)	USD		1,377		1,377,785
International Consolidated Airlines Group SA^(a)
2.75%, 03/25/25	EUR		200		210,163
3.75%, 03/25/29			100		99,399
Series IAG, 1.13%, 05/18/28			200		190,804
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(c)	USD		4,358		4,543,215
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(c)			216		230,021
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/27			2,635		2,727,285
Series 2020-1, Class B, 4.88%, 07/15/27			242		238,762
United Airlines, Inc.^(c)
4.38%, 04/15/26			2,515		2,473,943
4.63%, 04/15/29			3,374		3,208,505


					34,781,962

Auto Components — 2.1%
Adient U.S. LLC, 9.00%, 04/15/25^(c)			1,088		1,131,520
Clarios Global LP, 6.75%, 05/15/25^(c)			1,189		1,231,245
Clarios Global LP/Clarios U.S. Finance Co.^(c)
6.25%, 05/15/26			5,264		5,415,340
8.50%, 05/15/27			11,305		11,728,937
Clarios Global LP/Clarios US Finance Co., 4.38%, 05/15/26^(a)	EUR		301		328,819
Dana Financing Luxembourg Sarl, 3.00%, 07/15/29^(a)			100		100,491
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(c)	USD		1,960		1,964,900
Dornoch Debt Merger Sub, Inc., 6.63%, 10/15/29^(c)			601		522,551
Faurecia SE^(a)
2.75%, 02/15/27	EUR		156		157,690
3.75%, 06/15/28			100		103,829
Goodyear Tire & Rubber Co.
9.50%, 05/31/25	USD		1,085		1,148,782
5.00%, 07/15/29^(c)			724		674,449
5.25%, 07/15/31^(c)			1,017		940,420
5.63%, 04/30/33			1,717		1,579,640
Grupo Antolin-Irausa SA, 3.50%, 04/30/28^(a)	EUR		146		130,925
IHO Verwaltungs GmbH, (4.63% PIK), 3.88%, 05/15/27^(a)(i)			100		106,615
Meritor, Inc., 4.50%, 12/15/28^(c)	USD		383		383,977


Security		Par (000)		Value

Auto Components (continued)
Tenneco, Inc., 7.88%, 01/15/29^(c)	USD		292	$	307,695
Titan International, Inc., 7.00%, 04/30/28			348		349,117
ZF Europe Finance BV, 2.00%, 02/23/26^(a)	EUR		100		103,773
ZF Finance GmbH^(a)
2.00%, 05/06/27			200		199,030
2.75%, 05/25/27			100		102,795


					28,712,540

Automobiles — 2.2%
Allison Transmission, Inc.^(c)
5.88%, 06/01/29	USD		1,324		1,349,778
3.75%, 01/30/31			1,302		1,181,109
Asbury Automotive Group, Inc.
4.50%, 03/01/28			751		721,411
4.75%, 03/01/30			147		138,731
5.00%, 02/15/32^(c)			953		885,852
Carvana Co.^(c)
5.50%, 04/15/27			1,524		1,360,170
4.88%, 09/01/29			1,222		1,009,170
Constellation Automotive Financing PLC, 4.88%, 07/15/27^(a)	GBP		100		119,871
Ford Motor Co.
3.25%, 02/12/32	USD		3,346		2,988,413
4.75%, 01/15/43			426		386,919
5.29%, 12/08/46			532		516,362
Ford Motor Credit Co. LLC
3.81%, 01/09/24			713		711,841
4.69%, 06/09/25			200		201,432
5.13%, 06/16/25			1,751		1,786,020
4.13%, 08/04/25			2,166		2,163,563
3.38%, 11/13/25			489		477,971
4.39%, 01/08/26			507		505,687
2.70%, 08/10/26			1,611		1,498,246
4.27%, 01/09/27			270		266,290
4.13%, 08/17/27			644		629,478
3.82%, 11/02/27			200		189,500
2.90%, 02/16/28			1,644		1,485,765
5.11%, 05/03/29			978		983,800
4.00%, 11/13/30			1,221		1,149,816
3.63%, 06/17/31			200		180,655
Group 1 Automotive, Inc., 4.00%, 08/15/28^(c)			243		226,294
Jaguar Land Rover Automotive PLC^(a)
6.88%, 11/15/26	EUR		100		113,667
4.50%, 07/15/28			138		137,882
Ken Garff Automotive LLC, 4.88%, 09/15/28^(c)	USD		680		639,200
LCM Investments Holdings II LLC, 4.88%, 05/01/29^(c)			1,552		1,465,833
Lithia Motors, Inc., 3.88%, 06/01/29^(c)			721		681,518
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(c)			975		862,875
Penske Automotive Group, Inc.
3.50%, 09/01/25			1,040		1,032,200
3.75%, 06/15/29			377		337,253
RCI Banque SA, (5 year EUR Swap + 2.85%), 2.63%, 02/18/30^(a)(b)	EUR		300		311,631
Renault SA, 2.38%, 05/25/26^(a)			100		104,213
Sonic Automotive, Inc., 4.63%, 11/15/29^(c)	USD		362		325,800


Security		Par (000)		Value

Automobiles (continued)
Volvo Car AB, 2.50%, 10/07/27^(a)	EUR		100	$	110,666
Wabash National Corp., 4.50%, 10/15/28^(c)	USD		1,072		964,800


					30,201,682

Banks — 0.7%
Banca Monte dei Paschi di Siena SpA^(a)
2.63%, 04/28/25	EUR		125		129,984
1.88%, 01/09/26			100		100,116
Banco BPM SpA^(a)(b)
(5 year EUR Swap + 3.17%), 2.88%, 06/29/31			275		284,791
(5 year EUR Swap + 5.42%), 5.00%, 09/14/30			100		113,391
Banco de Sabadell SA, (5 year EUR Swap + 2.20%), 2.00%, 01/17/30^(a)(b)			300		314,300
Banco Espirito Santo SA^(d)(e)
4.75%, 01/15/22^(b)			1,900		304,772
4.00%, 01/21/22			1,100		176,447
BPER Banca, (5 year EUR Swap + 3.73%), 3.88%, 07/25/32^(a)(b)			200		208,184
Commerzbank AG, (5 year EUR Swap + 6.36%), 6.13%^(a)(b)(j)			400		453,492
First-Citizens Bank and Trust Co., 6.00%, 04/01/36	USD		3,261		3,664,569
HSBC Bank PLC, Series 1M, (6 mo. LIBOR US + 0.25%), 0.75%^(b)(j)			170		138,288
Intesa Sanpaolo SpA
5.15%, 06/10/30^(a)	GBP		125		169,126
(1 year CMT + 2.60%), 4.20%, 06/01/32^(b)(c)	USD		855		755,828
(1 year CMT + 2.75%), 4.95%, 06/01/42^(b)(c)			630		538,996
Wells Fargo & Co., (5 year CMT + 3.45%), 3.90%^(b)(j)			2,130		2,041,711


					9,393,995

Beverages — 1.9%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(c)(i)			3,279		2,998,500
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2.00%, 09/01/28^(a)	EUR		148		150,791
3.00%, 09/01/29^(a)			143		140,935
4.00%, 09/01/29^(c)	USD		6,091		5,488,904
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(c)
5.25%, 04/30/25			200		199,725
4.13%, 08/15/26			1,138		1,096,378
4.75%, 07/15/27	GBP		427		510,867
5.25%, 08/15/27	USD		2,717		2,511,527
Ball Corp.
2.88%, 08/15/30			151		135,378
3.13%, 09/15/31			2,110		1,885,707
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(c)			584		538,740
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26			155		174,909
Mauser Packaging Solutions Holding Co., 5.50%, 04/15/24^(c)			2,321		2,311,780
OI European Group BV, 2.88%, 02/15/25^(a)	EUR		100		108,406
Silgan Holdings, Inc., 4.13%, 02/01/28	USD		51		48,960


Security		Par (000)		Value

Beverages (continued)
Trivium Packaging Finance BV^(c)
5.50%, 08/15/26	USD		2,693	$	2,681,905
8.50%, 08/15/27			5,584		5,556,080


					26,539,492

Biotechnology^(a) — 0.0%
Cidron Aida Finco Sarl
5.00%, 04/01/28	EUR		269		278,661
6.25%, 04/01/28	GBP		133		162,922
Grifols Escrow Issuer SA, 3.88%, 10/15/28	EUR		100		105,027


					546,610

Building Materials — 1.1%
Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(c)	USD		1,781		1,652,857
CP Atlas Buyer, Inc., 7.00%, 12/01/28^(c)			1,919		1,636,216
HT Troplast GmbH, 9.25%, 07/15/25^(a)	EUR		128		141,248
James Hardie International Finance DAC, 5.00%, 01/15/28^(c)	USD		458		450,860
Jeld-Wen, Inc.^(c)
6.25%, 05/15/25			852		877,875
4.63%, 12/15/25			321		308,962
4.88%, 12/15/27			99		94,793
Masonite International Corp.^(c)
Class C, 5.38%, 02/01/28			239		240,793
Class C, 3.50%, 02/15/30			1,179		1,059,626
New Enterprise Stone & Lime Co., Inc.^(c)
5.25%, 07/15/28			435		418,200
9.75%, 07/15/28			640		645,600
PCF GmbH^(a)
4.75%, 04/15/26	EUR		100		106,102
(3 mo. EURIBOR + 4.75%), 4.75%, 04/15/26^(b)			100		109,143
SRM Escrow Issuer LLC, 6.00%, 11/01/28^(c)	USD		2,656		2,619,507
Standard Industries, Inc.
2.25%, 11/21/26^(a)	EUR		134		138,412
5.00%, 02/15/27^(c)	USD		576		570,977
4.38%, 07/15/30^(c)			1,856		1,700,012
3.38%, 01/15/31^(c)			567		496,125
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(c)			923		911,462
Victors Merger Corp., 6.38%, 05/15/29^(c)			927		758,833


					14,937,603

Building Products^(c) — 1.3%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27			1,464		1,466,094
Beacon Roofing Supply, Inc., 4.13%, 05/15/29			552		509,943
Foundation Building Materials, Inc., 6.00%, 03/01/29			1,037		933,300
GYP Holdings III Corp., 4.63%, 05/01/29			1,296		1,200,109
LBM Acquisition LLC, 6.25%, 01/15/29			2,713		2,541,159
Patrick Industries, Inc., 4.75%, 05/01/29			354		304,440
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			1,130		1,148,984
SRS Distribution, Inc.
4.63%, 07/01/28			2,397		2,289,638
6.13%, 07/01/29			2,261		2,085,772
6.00%, 12/01/29			2,324		2,149,700


Security		Par (000)		Value

Building Products (continued)
White Cap Buyer LLC, 6.88%, 10/15/28	USD		2,562	$	2,427,726
White Cap Parent LLC, (8.25% PIK), 8.25%, 03/15/26⁽ⁱ⁾			1,165		1,144,612


					18,201,477

Capital Markets — 1.6%
Aretec Escrow Issuer, Inc., 7.50%, 04/01/29^(c)			613		589,013
Blackstone Private Credit Fund, 4.70%, 03/24/25			2,045		2,074,849
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(b)(j)			4,775		4,288,523
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(c)			1,129		1,061,260
Deutsche Bank AG, 4.00%, 06/24/32	EUR		100		110,740
ESC Lehman Brothers Holding Production, 1.00%^(d)(e)(j)	USD		1,535		7,982
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32			245		222,289
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.75%, 09/15/24			591		593,689
6.25%, 05/15/26			696		709,920
5.25%, 05/15/27			1,758		1,725,345
4.38%, 02/01/29			1,029		944,107
Kane Bidco Ltd.^(a)
5.00%, 02/15/27	EUR		164		177,217
6.50%, 02/15/27	GBP		165		210,822
Lehman Brothers Holdings, Inc.^(d)(e)
5.38%, 10/17/12	EUR		350		2,517
4.75%, 01/16/14			1,890		13,590
1.00%, 02/05/22			3,950		28,403
1.00%^(j)	USD		430		2,236
NFP Corp.^(c)
4.88%, 08/15/28			2,374		2,267,170
6.88%, 08/15/28			7,188		6,864,540
Sherwood Financing PLC^(a)
6.00%, 11/15/26	GBP		100		124,140
(3 mo. EURIBOR + 4.63%), 4.63%, 11/15/27^(b)	EUR		100		109,187


					22,127,539

Chemicals — 3.0%
Ashland LLC, 3.38%, 09/01/31^(c)	USD		1,861		1,642,332
Axalta Coating Systems LLC, 3.38%, 02/15/29^(c)			2,201		1,935,119
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(c)			998		960,121
Chemours Co.
4.00%, 05/15/26	EUR		200		212,511
5.75%, 11/15/28^(c)	USD		609		591,717
Diamond (BC) B.V., 4.63%, 10/01/29^(c)			1,738		1,559,855
Element Solutions, Inc., 3.88%, 09/01/28^(c)			6,763		6,314,951
EverArc Escrow Sarl, 5.00%, 10/30/29^(c)			3,027		2,765,921
FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27^(a)	EUR		100		105,094
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(c)	USD		791		800,887
HB Fuller Co., 4.25%, 10/15/28			541		506,484
Herens Holdco Sarl, 4.75%, 05/15/28^(c)			1,756		1,574,658
Herens Midco Sarl, 5.25%, 05/15/29^(a)	EUR		202		190,792
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(c)	USD		1,692		1,713,150
Ingevity Corp., 3.88%, 11/01/28^(c)			494		446,492


Security		Par (000)		Value

Chemicals (continued)
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26^(c)(i)	USD		1,238	$	1,200,860
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29^(c)			610		567,514
Lune Holdings Sarl, 5.63%, 11/15/28^(a)	EUR		150		148,326
Minerals Technologies, Inc., 5.00%, 07/01/28^(c)	USD		878		836,295
Monitchem HoldCo 2 SA, 9.50%, 09/15/26^(a)	EUR		100		112,976
Monitchem HoldCo 3 SA, 5.25%, 03/15/25^(a)			222		240,676
Nobian Finance BV, 3.63%, 07/15/26^(a)			100		100,428
NOVA Chemicals Corp., 4.88%, 06/01/24^(c)	USD		456		461,128
Olympus Water U.S. Holding Corp.^(a)
3.88%, 10/01/28	EUR		100		100,520
5.38%, 10/01/29			100		96,398
PMHC II, Inc., 9.00%, 02/15/30^(c)	USD		433		381,040
SCIH Salt Holdings, Inc., 6.63%, 05/01/29^(c)			757		679,525
SCIL IV LLC/SCIL USA Holdings LLC
4.38%, 11/01/26^(a)	EUR		100		105,923
5.38%, 11/01/26^(c)	USD		1,284		1,181,280
Scotts Miracle-Gro Co.
4.00%, 04/01/31			1,397		1,218,163
4.38%, 02/01/32			146		129,297
SPCM SA, 3.13%, 03/15/27^(c)			512		471,040
WESCO Distribution, Inc.^(c)
7.13%, 06/15/25			1,940		2,018,221
7.25%, 06/15/28			2,744		2,914,498
WR Grace Holdings LLC, 5.63%, 08/15/29^(c)			6,917		6,468,087


					40,752,279

Commercial Services & Supplies — 1.5%
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26^(c)			940		907,100
AMN Healthcare, Inc., 4.00%, 04/15/29^(c)			502		465,002
APX Group, Inc.^(c)
6.75%, 02/15/27			1,620		1,655,964
5.75%, 07/15/29			1,478		1,348,424
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/29^(c)			588		579,309
BCP V Modular Services Finance II PLC^(a)
4.75%, 11/30/28	EUR		300		317,586
6.13%, 11/30/28	GBP		100		124,521
EC Finance PLC, 3.00%, 10/15/26^(a)	EUR		209		226,600
Fortress Transportation & Infrastructure Investors LLC^(c)
6.50%, 10/01/25	USD		386		383,105
9.75%, 08/01/27			261		272,684
5.50%, 05/01/28			1,713		1,557,374
Herc Holdings, Inc., 5.50%, 07/15/27^(c)			2,391		2,424,474
Hertz Corp.^(c)
4.63%, 12/01/26			666		621,927
5.00%, 12/01/29			1,064		962,920
House of Finance NV, 4.38%, 07/15/26^(a)	EUR		100		108,143
Inter Media & Communication SpA, 6.75%, 02/09/27^(a)			100		107,731
Loxam SAS^(a)
4.25%, 04/15/24			100		110,700
3.25%, 01/14/25			268		291,515
3.75%, 07/15/26			115		125,564
4.50%, 02/15/27			101		110,631
Metis Merger Sub LLC, 6.50%, 05/15/29^(c)	USD		1,185		1,115,144
NESCO Holdings II, Inc., 5.50%, 04/15/29^(c)			1,353		1,329,322
Paprec Holding SA, 3.50%, 07/01/28^(a)	EUR		100		105,094


Security		Par (000)		Value

Commercial Services & Supplies (continued)
PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29^(c)	USD		1,195	$	1,153,175
Prime Security Services Borrower LLC/Prime Finance, Inc.^(c)
5.75%, 04/15/26			653		666,174
6.25%, 01/15/28			1,039		1,016,760
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(c)			1,872		1,811,160
United Rentals North America, Inc., 5.25%, 01/15/30			496		511,500
Verisure Holding AB, 3.88%, 07/15/26^(a)	EUR		140		151,003
Verisure Midholding AB, 5.25%, 02/15/29^(a)			181		184,474


					20,745,080

Communications Equipment — 1.1%
Avaya, Inc., 6.13%, 09/15/28^(c)	USD		2,743		2,705,064
Ciena Corp., 4.00%, 01/31/30^(c)			548		527,450
CommScope Technologies LLC, 6.00%, 06/15/25^(c)			1,926		1,824,134
CommScope, Inc.^(c)
6.00%, 03/01/26			853		862,886
8.25%, 03/01/27			578		562,105
7.13%, 07/01/28			1,901		1,717,316
4.75%, 09/01/29			2,611		2,404,757
Nokia OYJ, 4.38%, 06/12/27			439		445,309
ViaSat, Inc.^(c)
5.63%, 09/15/25			1,109		1,083,127
5.63%, 04/15/27			837		824,445
6.50%, 07/15/28			1,011		970,560
Viavi Solutions, Inc., 3.75%, 10/01/29^(c)			1,749		1,641,301


					15,568,454

Construction Materials^(c) — 0.5%
American Builders & Contractors Supply Co., Inc.
4.00%, 01/15/28			357		342,966
3.88%, 11/15/29			252		234,990
BCPE Empire Holdings, Inc., 7.63%, 05/01/27			601		566,262
H&E Equipment Services, Inc., 3.88%, 12/15/28			358		335,625
IAA, Inc., 5.50%, 06/15/27			1,538		1,541,845
Picasso Finance Sub, Inc., 6.13%, 06/15/25			1,652		1,678,845
Thor Industries, Inc., 4.00%, 10/15/29			909		798,011
Williams Scotsman International, Inc., 4.63%, 08/15/28			1,196		1,166,100
Winnebago Industries, Inc., 6.25%, 07/15/28			703		710,909


					7,375,553

Consumer Discretionary — 3.0%
APi Escrow Corp., 4.75%, 10/15/29^(c)			542		503,383
APi Group DE, Inc., 4.13%, 07/15/29^(c)			727		670,003
Carnival Corp.
10.13%, 02/01/26^(a)	EUR		201		248,127
10.50%, 02/01/26^(c)	USD		2,076		2,308,325
7.63%, 03/01/26^(a)	EUR		128		144,857
5.75%, 03/01/27^(c)	USD		5,385		5,135,486
9.88%, 08/01/27^(c)			1,778		1,965,259
4.00%, 08/01/28^(c)			6,109		5,681,370
6.00%, 05/01/29^(c)			3,287		3,097,472
CoreLogic, Inc., 4.50%, 05/01/28^(c)			2,730		2,573,844
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26^(c)			561		538,560
Life Time, Inc.^(c)
5.75%, 01/15/26			1,307		1,305,680


Security		Par (000)		Value

Consumer Discretionary (continued)
Life Time, Inc.^(c) (continued)
8.00%, 04/15/26	USD		915	$	913,541
Lindblad Expeditions LLC, 6.75%, 02/15/27^(c)			1,019		1,021,547
NCL Corp. Ltd.^(c)
5.88%, 03/15/26			1,627		1,545,910
7.75%, 02/15/29			575		578,991
NCL Finance Ltd., 6.13%, 03/15/28^(c)			1,769		1,640,473
Nielsen Finance LLC/Nielsen Finance Co.^(c)5.63%, 10/01/28			1,905		1,918,716
5.88%, 10/01/30			1,190		1,192,975
Royal Caribbean Cruises Ltd.^(c)
10.88%, 06/01/23			505		537,360
9.13%, 06/15/23			884		920,465
11.50%, 06/01/25			725		796,674
5.50%, 08/31/26			575		558,785
5.38%, 07/15/27			2,116		2,033,010
5.50%, 04/01/28			2,538		2,419,501
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26^(a)	EUR		176		194,324
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(c)	USD		973		888,108


					41,332,746

Consumer Finance — 2.6%
American Express Co., (5 year CMT + 2.85%), 3.55%^(b)(j)			4,020		3,663,426
Block, Inc., 3.50%, 06/01/31^(c)			4,051		3,706,665
Encore Capital Group, Inc.^(a)
4.88%, 10/15/25	EUR		100		111,178
5.38%, 02/15/26	GBP		100		130,380
4.25%, 06/01/28			159		192,162
HealthEquity, Inc., 4.50%, 10/01/29^(c)	USD		2,217		2,100,607
Iron Mountain U.K. PLC, 3.88%, 11/15/25^(a)	GBP		200		260,491
MPH Acquisition Holdings LLC, 5.50%, 09/01/28^(c)	USD		1,369		1,312,344
Navient Corp.
6.13%, 03/25/24			1,297		1,319,697
5.88%, 10/25/24			665		678,393
5.50%, 03/15/29			745		693,781
Nexi SpA, 0.00%, 02/24/28^(a)(k)	EUR		100		90,423
OneMain Finance Corp.
6.88%, 03/15/25	USD		585		615,139
7.13%, 03/15/26			1,766		1,887,660
3.50%, 01/15/27			1,527		1,412,475
6.63%, 01/15/28			720		754,200
5.38%, 11/15/29			188		182,655
4.00%, 09/15/30			545		480,963
Sabre Global, Inc.^(c)
9.25%, 04/15/25			1,982		2,197,315
7.38%, 09/01/25			1,322		1,380,472
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(c)			1,814		1,764,115
SLM Corp., 3.13%, 11/02/26			930		862,575
Verscend Escrow Corp., 9.75%, 08/15/26^(c)			9,470		9,848,800


					35,645,916

Containers & Packaging — 0.3%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			433		434,082
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			439		443,689
Graphic Packaging International LLC 4.75%, 07/15/27^(c)			574		579,740


Security		Par (000)		Value

Containers & Packaging (continued)
Graphic Packaging International LLC (continued)
3.50%, 03/15/28^(c)	USD		67	$	62,980
2.63%, 02/01/29^(a)	EUR		100		103,605
3.50%, 03/01/29^(c)	USD		156		143,520
Intertape Polymer Group, Inc., 4.38%, 06/15/29^(c)			741		763,230
Kleopatra Finco Sarl, 4.25%, 03/01/26^(a)	EUR		100		97,627
LABL, Inc., 5.88%, 11/01/28^(c)	USD		1,415		1,326,562
Sealed Air Corp.^(c)
5.13%, 12/01/24			142		147,405
4.00%, 12/01/27			412		401,700


					4,504,140

Diversified Consumer Services — 2.5%
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.63%, 07/15/26^(c)			5,900		5,969,797
9.75%, 07/15/27^(c)			3,116		3,220,760
3.63%, 06/01/28^(a)	EUR		117		118,106
4.88%, 06/01/28^(a)	GBP		100		119,864
6.00%, 06/01/29^(c)	USD		3,251		2,867,918
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28^(c)			6,945		6,530,751
Brink’s Co., 5.50%, 07/15/25^(c)			281		283,200
Clarivate Science Holdings Corp.^(c)
3.88%, 07/01/28			2,338		2,229,914
4.88%, 07/01/29			3,210		3,020,000
Garda World Security Corp.^(c)
4.63%, 02/15/27			1,742		1,669,620
9.50%, 11/01/27			999		1,023,975
Graham Holdings Co., 5.75%, 06/01/26^(c)			705		724,000
Rekeep SpA, 7.25%, 02/01/26^(a)	EUR		200		230,100
Service Corp. International 5.13%, 06/01/29	USD		269		273,732
3.38%, 08/15/30			270		243,238
4.00%, 05/15/31			2,401		2,233,722
Sotheby’s, 7.38%, 10/15/27^(c)			2,688		2,752,754


					33,511,451

Diversified Financial Services — 2.0%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(c)			2,432		2,234,400
Barclays PLC, 5.20%, 05/12/26			800		831,808
Castlelake Aviation Finance DAC, 5.00%, 04/15/27^(c)			403		359,677
Central Garden & Pet Co.
4.13%, 10/15/30			1,536		1,386,240
4.13%, 04/30/31^(c)			1,080		972,000
Citigroup, Inc.^(b)(j)
Series W, (5 year CMT + 3.60%), 4.00%			855		820,800
Series Y, (5 year CMT + 3.00%), 4.15%			10		9,369
Clydesdale Acquisition Holdings, Inc.^(l) 6.63%, 04/15/29			1,968		1,990,140
8.75%, 04/15/30			1,645		1,548,356
doValue SpA, 3.38%, 07/31/26^(a)	EUR		128		135,942
Garfunkelux Holdco 3 SA^(a) 6.75%, 11/01/25			300		330,302
7.75%, 11/01/25	GBP		100		130,380
Global Aircraft Leasing Co. Ltd.^(c)(i)
(6.50% Cash or 7.25% PIK), 6.50%, 09/15/24	USD		683		620,521
Series 2021, (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24			1,508		1,370,071


Security		Par (000)		Value

Diversified Financial Services (continued)
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(b)(j)	USD		3,780	$	3,772,818
HSBC Holdings PLC, (5 year CMT + 3.65%), 4.60%^(b)(j)			445		397,162
HSE Finance Sarl, 5.63%, 10/15/26^(a)	EUR		200		209,357
Intrum AB^(a)
4.88%, 08/15/25			100		111,342
3.50%, 07/15/26			201		212,807
ION Trading Technologies Sarl, 5.75%, 05/15/28^(c)	USD		1,268		1,222,035
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28^(c)			1,779		1,703,357
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(c)
4.25%, 02/01/27			1,444		1,383,877
4.75%, 06/15/29			759		715,832
OWL Rock Core Income Corp., 5.50%, 03/21/25			873		870,781
Spectrum Brands, Inc.^(c)
5.00%, 10/01/29			566		532,448
5.50%, 07/15/30			792		760,320
3.88%, 03/15/31			251		221,432
UBS Group AG, (5 year CMT + 3.31%), 4.38%^(b)(c)(j)			950		857,375
UniCredit SpA, (5 year EUR Swap + 2.80%), 2.73%, 01/15/32^(a)(b)	EUR		200		208,443
VistaJet Malta Finance PLC/XO Management Holding, Inc., 6.38%, 02/01/30^(c)	USD		862		811,026


					26,730,418

Diversified Telecommunication Services — 3.8%
Consolidated Communications, Inc., 6.50%, 10/01/28^(c)			2,164		1,993,910
Level 3 Financing, Inc.^(c)
4.63%, 09/15/27			489		460,310
4.25%, 07/01/28			1,115		1,023,578
3.63%, 01/15/29			817		714,875
3.75%, 07/15/29			948		840,146
Lumen Technologies, Inc. 5.13%, 12/15/26^(c)			1,288		1,226,820
4.00%, 02/15/27^(c)			2,314		2,155,109
4.50%, 01/15/29^(c)			1,927		1,657,210
5.38%, 06/15/29^(c)			2,647		2,357,484
Series P, 7.60%, 09/15/39			218		209,367
Series U, 7.65%, 03/15/42			972		937,980
Series W, 6.75%, 12/01/23			1,228		1,275,106
Series Y, 7.50%, 04/01/24			646		680,070
SoftBank Group Corp.^(a)
2.13%, 07/06/24	EUR		149		155,560
4.75%, 07/30/25			269		291,264
3.13%, 09/19/25			207		214,810
2.88%, 01/06/27			118		116,178
5.00%, 04/15/28			100		105,059
3.38%, 07/06/29			100		93,202
4.00%, 09/19/29			100		96,651
Sprint Capital Corp.
6.88%, 11/15/28	USD		4,617		5,349,672
8.75%, 03/15/32			6,431		8,662,557
Switch Ltd.^(c) 3.75%, 09/15/28			1,853		1,796,938
4.13%, 06/15/29			3,064		3,014,210
Telecom Italia Capital SA 6.38%, 11/15/33			1,521		1,453,665


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Telecom Italia Capital SA (continued)
6.00%, 09/30/34	USD		2,322	$	2,182,843
7.20%, 07/18/36			266		258,685
7.72%, 06/04/38			251		255,971
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		83		105,309
Telecom Italia SpA
4.00%, 04/11/24^(a)			139		157,485
5.30%, 05/30/24^(c)	USD		522		525,915
2.75%, 04/15/25^(a)	EUR		239		259,076
3.00%, 09/30/25^(a)			100		109,535
1.63%, 01/18/29^(a)			410		382,257
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 01/15/30^(c)	USD		800		720,000
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 4.75%, 04/15/28^(c)			1,498		1,413,753
Zayo Group Holdings, Inc.^(c)
4.00%, 03/01/27			1,935		1,780,645
6.13%, 03/01/28			7,530		6,739,350


					51,772,555

Electric Utilities — 0.9%
Edison International, (5 year CMT + 4.70%), 5.38%^(b)(j)			2,200		2,122,450
FirstEnergy Corp.
2.65%, 03/01/30			1,399		1,270,145
Series B, 2.25%, 09/01/30			117		103,545
Series C, 7.38%, 11/15/31			314		387,275
Series C, 3.40%, 03/01/50			4,539		3,823,154
FirstEnergy Transmission LLC^(c)
5.45%, 07/15/44			2,074		2,261,077
4.55%, 04/01/49			814		777,687
NextEra Energy Operating Partners LP, 4.25%, 07/15/24^(c)			337		341,042
PG&E Corp., 5.25%, 07/01/30			1,043		1,011,606
Public Power Corp. SA, 3.38%, 07/31/28^(a)	EUR		110		110,552


					12,208,533

Electrical Equipment^(c) — 0.2%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26	USD		1,964		1,965,836
GrafTech Finance, Inc., 4.63%, 12/15/28			717		666,753


					2,632,589

Electronic Equipment, Instruments & Components — 0.8%
Belden, Inc., 3.88%, 03/15/28^(a)	EUR		100		108,459
BWX Technologies, Inc.^(c)
4.13%, 06/30/28	USD		1,415		1,362,051
4.13%, 04/15/29			1,267		1,219,487
Energizer Gamma Acquisition BV, 3.50%, 06/30/29^(a)	EUR		118		114,715
Energizer Holdings, Inc.^(c)
4.75%, 06/15/28	USD		714		648,508
4.38%, 03/31/29			96		84,047
Imola Merger Corp., 4.75%, 05/15/29^(c)			3,353		3,228,805
Vertiv Group Corp., 4.13%, 11/15/28^(c)			3,610		3,294,540
Xerox Corp., 4.80%, 03/01/35			409		354,194


					10,414,806

Energy Equipment & Services — 0.7%
Archrock Partners LP/Archrock Partners Finance Corp.^(c)
6.88%, 04/01/27			799		807,965
6.25%, 04/01/28			2,258		2,225,462
CGG SA, 7.75%, 04/01/27^(a)	EUR		100		111,563


Security		Par (000)		Value

Energy Equipment & Services (continued)
ChampionX Corp., 6.38%, 05/01/26	USD		369	$	376,380
Saipem Finance International BV
2.63%, 01/07/25^(a)	EUR		100		103,333
3.38%, 07/15/26			100		99,295
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26	USD		2,030		2,048,270
6.88%, 09/01/27			1,376		1,381,284
Vallourec SA, 8.50%, 06/30/26^(a)	EUR		125		141,448
Weatherford International Ltd.^(c)
6.50%, 09/15/28	USD		74		76,496
8.63%, 04/30/30			1,439		1,461,089


					8,832,585

Environmental, Maintenance & Security Service — 1.0%
Clean Harbors, Inc.^(c)
4.88%, 07/15/27			678		676,305
5.13%, 07/15/29			1,069		1,073,009
Covanta Holding Corp.
4.88%, 12/01/29^(c)			967		923,195
5.00%, 09/01/30			864		818,640
GFL Environmental, Inc.^(c)
4.25%, 06/01/25			487		483,932
3.75%, 08/01/25			842		826,591
5.13%, 12/15/26			1,023		1,031,695
4.00%, 08/01/28			2,155		1,982,600
3.50%, 09/01/28			408		383,049
4.75%, 06/15/29			838		797,148
4.38%, 08/15/29			596		550,555
Stericycle, Inc., 3.88%, 01/15/29^(c)			768		714,240
Tervita Corp., 11.00%, 12/01/25^(c)			415		470,046
Waste Pro USA, Inc., 5.50%, 02/15/26^(c)			2,868		2,710,489


					13,441,494

Equity Real Estate Investment Trusts (REITs) — 2.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27^(c)			962		897,854
CTR Partnership LP/CareTrust Capital Corp., 3.88%, 06/30/28^(c)			901		849,391
Diversified Healthcare Trust, 9.75%, 06/15/25			1,006		1,058,815
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(c)			774		712,062
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26^(c)			1,021		969,950
Iron Mountain, Inc.^(c)
5.25%, 07/15/30			1,383		1,355,340
5.63%, 07/15/32			697		686,740
MGM Growth Properties Operating Partnership LP/MGP Finance Co.-Issuer, Inc.
5.63%, 05/01/24			1,472		1,515,395
4.63%, 06/15/25^(c)			1,948		1,962,610
4.50%, 09/01/26			2,274		2,285,370
5.75%, 02/01/27			117		123,581
3.88%, 02/15/29^(c)			1,583		1,555,297
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27			187		190,156
4.63%, 08/01/29			2,863		2,834,370
3.50%, 03/15/31			4,369		4,057,544


Security		Par (000)		Value

Equity Real Estate Investment Trusts (REITs) (continued)
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27	USD		1,841	$	1,771,576
4.50%, 02/15/29^(c)			997		937,180
RLJ Lodging Trust LP^(c)
3.75%, 07/01/26			690		655,500
4.00%, 09/15/29			530		490,176
Service Properties Trust
4.35%, 10/01/24			217		208,862
7.50%, 09/15/25			1,305		1,369,010
5.50%, 12/15/27			658		634,641


					27,121,420

Food & Staples Retailing — 1.7%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(c)
3.25%, 03/15/26			1,678		1,585,744
4.63%, 01/15/27			1,668		1,612,481
5.88%, 02/15/28			1,440		1,435,126
4.88%, 02/15/30			349		339,839
Bellis Acquisition Co. PLC, 4.50%, 02/16/26^(a)	GBP		225		282,929
Casino Guichard Perrachon SA, 5.25%, 04/15/27^(a)	EUR		117		109,809
Iceland Bondco PLC^(a)
4.63%, 03/15/25	GBP		100		117,243
4.38%, 05/15/28			146		160,094
Kraft Heinz Foods Co.
6.50%, 02/09/40	USD		980		1,168,650
4.88%, 10/01/49			2,035		2,144,137
5.50%, 06/01/50			4,607		5,231,387
Lamb Weston Holdings, Inc.^(c)
4.88%, 05/15/28			906		906,000
4.13%, 01/31/30			892		832,981
4.38%, 01/31/32			861		804,363
Ocado Group PLC, 3.88%, 10/08/26^(a)	GBP		120		140,291
Performance Food Group, Inc., 4.25%, 08/01/29^(c)	USD		1,804		1,643,895
Picard Groupe SAS, 3.88%, 07/01/26^(a)	EUR		112		120,149
Post Holdings, Inc.^(c)
5.75%, 03/01/27	USD		2		2,010
5.63%, 01/15/28			484		475,077
5.50%, 12/15/29			243		233,810
4.50%, 09/15/31			194		171,882
Premier Foods Finance PLC, 3.50%, 10/15/26^(a)	GBP		100		122,023
Quatrim SASU, 5.88%, 01/15/24^(a)	EUR		200		220,608
U.S. Foods, Inc.^(c)
6.25%, 04/15/25	USD		841		862,025
4.75%, 02/15/29			1,611		1,536,491
United Natural Foods, Inc., 6.75%, 10/15/28^(c)			487		499,175


					22,758,219

Food Products — 0.9%
Aramark Services, Inc.^(c)
5.00%, 04/01/25			20		20,038
6.38%, 05/01/25			1,310		1,344,754
Chobani LLC/Chobani Finance Corp, Inc., 7.50%, 04/15/25^(c)			3,601		3,481,447
Chobani LLC/Chobani Finance Corp., Inc., 4.63%, 11/15/28^(c)			1,375		1,268,437
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 3.75%, 12/01/31^(c)			2,118		1,966,002


Security		Par (000)		Value

Food Products (continued)
Pilgrim’s Pride Corp.^(c)
4.25%, 04/15/31	USD		160	$	148,000
3.50%, 03/01/32			3,160		2,758,633
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc., 4.63%, 03/01/29^(c)			1,392		1,305,000
Tereos Finance Groupe I SA, 7.50%, 10/30/25^(a)	EUR		100		114,626


					12,406,937

Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(c)	USD		537		503,438


Health Care Equipment & Supplies — 1.1%
Avantor Funding, Inc.^(c)
4.63%, 07/15/28			4,742		4,689,838
3.88%, 11/01/29			1,061		997,340
Embecta Corp.
5.00%, 02/15/30^(c)			518		488,580
6.75%, 02/15/30^(l)			782		783,955
Hologic, Inc., 3.25%, 02/15/29^(c)			503		469,687
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA^(c)
7.38%, 06/01/25			1,882		1,938,460
7.25%, 02/01/28			5,162		5,316,860


					14,684,720

Health Care Providers & Services — 5.9%
180 Medical, Inc., 3.88%, 10/15/29^(c)			754		712,530
Acadia Healthcare Co., Inc.^(c)
5.50%, 07/01/28			1,071		1,076,355
5.00%, 04/15/29			692		683,168
AdaptHealth LLC^(c)
6.13%, 08/01/28			372		369,210
5.13%, 03/01/30			276		256,335
AHP Health Partners, Inc., 5.75%, 07/15/29^(c)			1,951		1,814,430
Akumin Escrow, Inc., 7.50%, 08/01/28^(c)			319		253,605
Cano Health LLC, 6.25%, 10/01/28^(c)			773		742,080
Centene Corp. 4.25%, 12/15/27			264		264,990
2.45%, 07/15/28			3,583		3,273,787
4.63%, 12/15/29			1,491		1,503,062
3.00%, 10/15/30			4,521		4,152,403
2.50%, 03/01/31			5,949		5,250,171
2.63%, 08/01/31			2,308		2,054,120
CHS/Community Health Systems, Inc.^(c)
8.00%, 03/15/26			5,631		5,864,236
5.63%, 03/15/27			2,946		3,000,310
6.00%, 01/15/29			3,005		3,036,387
6.88%, 04/15/29			552		542,340
6.13%, 04/01/30			1,579		1,469,212
DaVita, Inc., 4.63%, 06/01/30^(c)			57		53,227
Encompass Health Corp.
4.50%, 02/01/28			348		341,040
4.75%, 02/01/30			1,972		1,893,120
4.63%, 04/01/31			1,035		968,801
HCA, Inc. 5.38%, 02/01/25			294		305,907
5.88%, 02/15/26			142		151,018
5.63%, 09/01/28			2,259		2,442,544
3.50%, 09/01/30			4,615		4,458,384
4.63%, 03/15/52			1,545		1,557,006


Security		Par (000)		Value

Health Care Providers & Services (continued)
Legacy LifePoint Health LLC^(c)
6.75%, 04/15/25	USD		1,050	$	1,084,891
4.38%, 02/15/27			420		405,760
LifePoint Health, Inc., 5.38%, 01/15/29^(c)			922		871,182
ModivCare Escrow Issuer, Inc., 5.00%, 10/01/29^(c)			625		582,631
ModivCare, Inc., 5.88%, 11/15/25^(c)			391		394,785
Molina Healthcare, Inc.^(c) 4.38%, 06/15/28			1,756		1,737,773
3.88%, 11/15/30			1,259		1,208,640
3.88%, 05/15/32			1,042		990,890
Mozart Debt Merger Sub, Inc., 5.25%, 10/01/29^(c)			6,498		6,040,996
Owens & Minor, Inc., 6.63%, 04/01/30^(c)			727		748,090
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(c)			2,424		2,484,576
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(c)			433		452,940
Surgery Center Holdings, Inc.^(c)
6.75%, 07/01/25			1,992		1,984,530
10.00%, 04/15/27			3,608		3,788,400
Teleflex, Inc., 4.63%, 11/15/27			214		216,943
Tenet Healthcare Corp. 4.63%, 07/15/24			567		569,438
4.63%, 09/01/24^(c)			1,234		1,242,447
4.88%, 01/01/26^(c)			1,930		1,946,887
6.25%, 02/01/27^(c)			80		82,128
5.13%, 11/01/27^(c)			597		599,809
4.63%, 06/15/28^(c)			465		456,281
6.13%, 10/01/28^(c)			596		605,685
4.25%, 06/01/29^(c)			227		217,636
Vizient, Inc., 6.25%, 05/15/27^(c)			2,585		2,662,550


					79,865,666

Health Care Technology — 1.4%
CAB SELAS, 3.38%, 02/01/28^(a)	EUR		103		108,234
Catalent Pharma Solutions, Inc. 5.00%, 07/15/27^(c)	USD		625		632,288
2.38%, 03/01/28^(a)	EUR		332		343,022
3.13%, 02/15/29^(c)	USD		855		777,122
3.50%, 04/01/30^(c)			2,105		1,920,813
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(c)			6,190		6,190,000
Charles River Laboratories International, Inc.^(c)4.25%, 05/01/28			1,108		1,083,070
3.75%, 03/15/29			145		136,760
4.00%, 03/15/31			544		510,680
Chrome Bidco SASU, 3.50%, 05/31/28^(a)	EUR		232		245,203
Chrome Holdco SASU, 5.00%, 05/31/29^(a)			100		102,605
IQVIA, Inc.^(c) 5.00%, 10/15/26	USD		1,504		1,530,320
5.00%, 05/15/27			1,011		1,022,167
Minerva Merger Sub, Inc., 6.50%, 02/15/30^(c)			2,747		2,664,933
Syneos Health, Inc., 3.63%, 01/15/29^(c)			2,406		2,222,542


					19,489,759

Healthcare — 0.0%
Akumin, Inc., 7.00%, 11/01/25^(c)			401		332,830


Hotels, Restaurants & Leisure — 5.7%
1011778 BC ULC/New Red Finance, Inc.^(c)5.75%, 04/15/25			648		666,721
3.88%, 01/15/28			1,299		1,230,848
4.38%, 01/15/28			1,581		1,517,760


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
1011778 BC ULC/New Red Finance, Inc.^(c) (continued)
4.00%, 10/15/30	USD		296	$	267,002
Accor SA, 0.70%, 12/07/27^(a)	EUR		158		83,986
Affinity Gaming, 6.88%, 12/15/27^(c)	USD		792		770,220
Boyd Gaming Corp. 8.63%, 06/01/25^(c)			596		626,015
4.75%, 12/01/27			931		926,345
4.75%, 06/15/31^(c)			1,960		1,888,950
Boyne USA, Inc., 4.75%, 05/15/29^(c)			1,576		1,512,960
Caesars Entertainment, Inc.^(c)
6.25%, 07/01/25			6,083		6,280,333
8.13%, 07/01/27			5,881		6,301,227
4.63%, 10/15/29			3,007		2,811,545
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(c)			1,522		1,553,330
CCM Merger, Inc., 6.38%, 05/01/26^(c)			915		924,150
CDI Escrow Issuer, Inc., 5.75%, 04/01/30^(l)			3,332		3,365,320
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.50%, 05/01/25^(c)			3,838		3,941,300
6.50%, 10/01/28			293		298,128
Churchill Downs, Inc.^(c)
5.50%, 04/01/27			2,433		2,460,590
4.75%, 01/15/28			1,068		1,035,960
Cirsa Finance International Sarl, 4.75%, 05/22/25^(a)	EUR		247		267,232
Codere Finance 2 Luxembourg SA^(a)(i)
(4.50% Cash or 6.25% PIK), 12.75%, 11/30/27			53		56,512
(8.00% Cash or 3.00% PIK), 11.00%, 09/30/26			137		161,200
CPUK Finance Ltd., 4.50%, 08/28/27^(a)	GBP		100		126,177
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.^(c)
4.63%, 01/15/29	USD		1,193		1,130,367
6.75%, 01/15/30			2,676		2,461,840
Food Service Project SA, 5.50%, 01/21/27^(a)	EUR		163		176,507
Gamma Bidco SpA, 6.25%, 07/15/25^(a)			249		277,866
Hilton Domestic Operating Co., Inc. 5.38%, 05/01/25^(c)	USD		772		788,907
5.75%, 05/01/28^(c)			600		620,760
4.88%, 01/15/30			1,496		1,492,627
4.00%, 05/01/31^(c)			690		651,188
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27			240		241,619
International Game Technology PLC, 3.50%, 06/15/26^(a)	EUR		100		111,194
IRB Holding Corp., 7.00%, 06/15/25^(c)	USD		794		825,760
Merlin Entertainments Ltd., 5.75%, 06/15/26^(c)			484		477,829
MGM Resorts International 6.00%, 03/15/23			1,243		1,271,216
5.75%, 06/15/25			322		330,056
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(c)			1,379		1,271,245
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., 8.50%, 11/15/27^(c)			1,332		1,473,525
Penn National Gaming, Inc., 4.13%, 07/01/29^(c)			404		361,661
Powdr Corp., 6.00%, 08/01/25^(c)			1,055		1,078,737


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.^(c)
5.63%, 09/01/29	USD		576	$	495,043
5.88%, 09/01/31			636		542,921
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26^(c)			973		934,567
Scientific Games International, Inc. 8.63%, 07/01/25^(c)			1,054		1,108,017
5.00%, 10/15/25^(c)			2,037		2,087,925
3.38%, 02/15/26^(a)	EUR		800		896,298
8.25%, 03/15/26^(c)	USD		3,634		3,783,902
7.00%, 05/15/2^8(c)			706		731,765
7.25%, 11/15/29^(c)			241		252,448
Sisal SpA, 7.00%, 07/31/23^(a)	EUR		69		76,073
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(c)	USD		3,355		3,501,781
Station Casinos LLC^(c)
4.50%, 02/15/28			1,147		1,087,912
4.63%, 12/01/31			1,433		1,310,765
Stonegate Pub Co. Financing 2019 PLC^(a)
8.00%, 07/13/25	GBP		136		181,390
8.25%, 07/31/25			246		328,813
Vail Resorts, Inc., 6.25%, 05/15/25^(c)	USD		811		837,666
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(c)			811		780,588
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(c)			1,353		1,309,027
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(c)
7.75%, 04/15/25			1,164		1,207,836
5.13%, 10/01/29			2,617		2,463,251
Yum! Brands, Inc. 4.75%, 01/15/30^(c)			238		233,389
5.35%, 11/01/43			30		29,175


					78,297,267

Household Durables — 1.6%
Ashton Woods USA LLC/Ashton Woods Finance Co.^(c)
6.63%, 01/15/28			406		415,967
4.63%, 08/01/29			547		482,361
4.63%, 04/01/30			777		676,899
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC^(c)
5.00%, 06/15/29			1,154		1,047,844
4.88%, 02/15/30			1,693		1,514,075
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(c)			1,328		1,364,520
Forestar Group, Inc., 3.85%, 05/15/26^(c)			576		537,120
Installed Building Products, Inc., 5.75%, 02/01/28^(c)			723		704,925
K Hovnanian Enterprises, Inc^.(c)
10.00%, 11/15/25			359		379,643
7.75%, 02/15/26			2,650		2,736,125
Mattamy Group Corp.^(c)
5.25%, 12/15/27			830		819,285
4.63%, 03/01/30			679		637,791
Meritage Homes Corp., 5.13%, 06/06/27			286		288,846
NCR Corp^.(c)
5.75%, 09/01/27			234		234,000
5.00%, 10/01/28			563		539,073
5.13%, 04/15/29			739		710,430
6.13%, 09/01/29			815		817,038


Security		Par (000)		Value

Household Durables (continued)
New Home Co., Inc., 7.25%, 10/15/25^(c)	USD		378	$	365,458
Newell Brands, Inc., 5.75%, 04/01/46			632		660,440
Nobel Bidco BV, 3.13%, 06/15/28^(a)	EUR		100		98,318
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(c)	USD		1,477		1,276,423
Taylor Morrison Communities, Inc.^(c)
5.88%, 06/15/27			1,377		1,432,080
5.13%, 08/01/30			336		328,440
Tempur Sealy International, Inc.^(c)
4.00%, 04/15/29			1,517		1,377,929
3.88%, 10/15/31			1,543		1,323,122
Toll Brothers Finance Corp., 4.35%, 02/15/28			66		66,309
Tri Pointe Homes, Inc., 5.70%, 06/15/28			291		290,499


					21,124,960

Household Products — 0.0%
Energizer Holdings, Inc., 6.50%, 12/31/27			610		603,900


Independent Power and Renewable Electricity Producers — 0.9%
Calpine Corp.^(c)
5.25%, 06/01/26			136		136,680
4.50%, 02/15/28			1,799		1,754,888
5.13%, 03/15/28			2,822		2,688,181
4.63%, 02/01/29			342		314,640
5.00%, 02/01/31			458		416,780
3.75%, 03/01/31			15		13,428
Clearway Energy Operating LLC^(c)
4.75%, 03/15/28			690		692,988
3.75%, 01/15/32			1,395		1,283,400
Cullinan Holdco Scsp, 4.63%, 10/15/26^(a)	EUR		100		104,021
NRG Energy, Inc.
5.75%, 01/15/28	USD		14		14,230
5.25%, 06/15/29^(c)			163		159,288
3.63%, 02/15/31^(c)			1,329		1,168,975
3.88%, 02/15/32^(c)			746		656,480
TerraForm Power Operating LLC^(c)
4.25%, 01/31/23			182		181,545
4.75%, 01/15/30			1,053		1,026,991
Vistra Corp., (5 year CMT + 6.93%), 8.00%^(b)(c)(j)			1,788		1,805,862


					12,418,377

Insurance — 2.5%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(c)			1,205		1,114,179
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(c)
4.25%, 10/15/27			6,162		5,927,043
6.75%, 10/15/27			8,903		8,795,630
5.88%, 11/01/29			6,555		6,300,994
AmWINS Group, Inc., 4.88%, 06/30/29^(c)			1,494		1,434,270
Ardonagh Midco 2 PLC, (11.50% Cash or 12.75% PIK), 11.50%, 01/15/27^(c)(i)			455		482,458
BroadStreet Partners, Inc., 5.88%, 04/15/29^(c)			284		264,830
Galaxy Bidco Ltd., 6.50%, 07/31/26^(a)	GBP		200		258,132
GTCR AP Finance, Inc., 8.00%, 05/15/27^(c)	USD		1,723		1,743,073
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)			25		24,348
HUB International Ltd., 7.00%, 05/01/26^(c)			6,615		6,691,436


Security		Par (000)		Value

Insurance (continued)
Liberty Mutual Group, Inc., (5 year EUR Swap + 3.70%), 3.63%, 05/23/59^(a)(b)	EUR		100	$	109,242
Ryan Specialty Group LLC, 4.38%, 02/01/30^(c)	USD		711		671,895
Societa Cattolica Di Assicurazione SPA, (3 mo. EURIBOR + 4.46%), 4.25%, 12/14/47^(a)(b)	EUR		100		114,347


					33,931,877

Interactive Media & Services — 0.7%
Arches Buyer, Inc., 4.25%, 06/01/28^(c)	USD		562		524,267
Cablevision Lightpath LLC^(c) 3.88%, 09/15/27			866		809,710
5.63%, 09/15/28			1,201		1,095,912
Iliad SA, 2.38%, 06/17/26^(a)	EUR		100		107,333
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.^(c)
4.75%, 04/30/27	USD		1,783		1,692,958
6.00%, 02/15/28			1,115		978,749
10.75%, 06/01/28			485		505,617
Twitter, Inc.^(c) 3.88%, 12/15/27			1,922		1,866,742
5.00%, 03/01/30			1,383		1,376,085
United Group BV^(a) 4.88%, 07/01/24	EUR		199		219,317
4.00%, 11/15/27			324		331,185
4.63%, 08/15/28			124		128,178
5.25%, 02/01/30			100		103,310


					9,739,363

Internet & Direct Marketing Retail — 0.0%
Very Group Funding PLC, 6.50%, 08/01/26^(a)	GBP		224		278,368


Internet Software & Services — 1.2%
ANGI Group LLC, 3.88%, 08/15/28^(c)	USD		1,361		1,152,957
Endurance International Group Holdings, Inc., 6.00%, 02/15/29^(c)			614		529,593
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(c)
5.25%, 12/01/27			1,113		1,118,070
3.50%, 03/01/29			700		643,629
Match Group Holdings II LLC^(c) 4.63%, 06/01/28			813		787,594
5.63%, 02/15/29			318		315,936
4.13%, 08/01/30			181		169,610
3.63%, 10/01/31			587		525,033
MercadoLibre, Inc., 2.38%, 01/14/26			8		7,360
Uber Technologies, Inc. 7.50%, 05/15/25^(c)			2,820		2,942,670
0.00%, 12/15/25^(k)			1,757		1,572,515
8.00%, 11/01/26^(c)			1,878		1,995,751
7.50%, 09/15/27^(c)			2,407		2,566,488
6.25%, 01/15/28^(c)			1,033		1,068,060
4.50%, 08/15/29^(c)			1,610		1,509,375


					16,904,641

IT Services — 1.9%
Ahead DB Holdings LLC, 6.63%, 05/01/28^(c)			651		581,616
Banff Merger Sub, Inc., 8.38%, 09/01/26^(a)	EUR		100		110,155
Booz Allen Hamilton, Inc.^(c) 3.88%, 09/01/28	USD		1,867		1,802,196
4.00%, 07/01/29			2,456		2,398,137


Security		Par (000)		Value

IT Services (continued)
CA Magnum Holdings, 5.38%, 10/31/26^(c)	USD		2,652	$	2,585,700
Camelot Finance SA, 4.50%, 11/01/26^(c)			2,737		2,661,732
Castle U.S. Holding Corp., 9.50%, 02/15/28^(c)			1,001		993,713
Dun & Bradstreet Corp., 5.00%, 12/15/29^(c)			2,094		1,968,360
Fair Isaac Corp., 4.00%, 06/15/28^(c)			1,959		1,896,547
Gartner, Inc.^(c) 4.50%, 07/01/28			1,523		1,517,281
3.63%, 06/15/29			901		844,688
3.75%, 10/01/30			902		846,752
KBR, Inc., 4.75%, 09/30/28^(c)			955		931,068
La Financiere Atalian SASU, 5.13%, 05/15/25^(a)	EUR		300		295,223
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(c)	USD		447		387,840
Science Applications International Corp., 4.88%, 04/01/28^(c)			904		890,747
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(c)			1,117		1,126,774
Twilio, Inc., 3.88%, 03/15/31			1,829		1,700,087
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(c)			2,051		1,874,665


					25,413,281

Leisure Products — 0.3%
Mattel, Inc. 5.88%, 12/15/27^(c)			769		804,451
3.75%, 04/01/29^(c)			569		547,503
6.20%, 10/01/40			1,125		1,294,116
5.45%, 11/01/41			1,827		1,944,841


					4,590,911

Machinery — 1.3%
ATS Automation Tooling Systems, Inc., 4.13%, 12/15/28^(c)			553		519,820
Clark Equipment Co., 5.88%, 06/01/25^(c)			388		391,395
Colfax Corp., 6.38%, 02/15/26^(c)			753		776,750
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(c)(i)			1,662		1,728,480
IMA Industria Macchine Automatiche SPA^(a) 3.75%, 01/15/28	EUR		123		127,394
(3 mo. EURIBOR + 4.00%), 4.00%, 01/15/28^(b)			117		127,324
Madison IAQ LLC^(c) 4.13%, 06/30/28	USD		225		207,369
5.88%, 06/30/29			1,952		1,751,920
Mueller Water Products, Inc., 4.00%, 06/15/29^(c)			565		535,185
Novafives SAS, 5.00%, 06/15/25^(a)	EUR		100		97,903
OT Merger Corp., 7.88%, 10/15/29^(c)	USD		621		537,165
Renk AG, 5.75%, 07/15/25^(a)	EUR		229		254,712
Schenck Process Holding GmbH/Darmstadt, 5.38%, 06/15/23^(a)			100		109,242
Stevens Holding Co., Inc., 6.13%, 10/01/26^(c)	USD		813		839,609
Terex Corp., 5.00%, 05/15/29^(c)			1,766		1,692,658
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26^(c)			3,108		3,088,342
TK Elevator Holdco GmbH 6.63%, 07/15/28^(a)	EUR		90		97,701
7.63%, 07/15/28^(c)	USD		1,284		1,272,765
TK Elevator Midco GmbH, 4.38%, 07/15/27^(a)	EUR		273		297,927
TK Elevator US Newco Inc., 5.25%, 07/15/27^(c)	USD		3,533		3,494,243


					17,947,904


Security		Par (000)		Value

Media — 13.3%
Advantage Sales & Marketing, Inc., 6.50%, 11/15/28^(c)	USD		596	$	564,072
Altice Financing SA 2.25%, 01/15/25^(a)	EUR		170		179,129
5.00%, 01/15/28^(c)	USD		1,693		1,517,521
4.25%, 08/15/29^(a)	EUR		101		99,491
5.75%, 08/15/29^(c)	USD		5,301		4,819,060
Altice France Holding SA^(c) 8.00%, 05/15/27	EUR		100		114,193
10.50%, 05/15/27	USD		10,328		10,808,304
6.00%, 02/15/28			2,258		1,947,525
AMC Entertainment Holdings, Inc.^(c) 7.50%, 02/15/29			1,310		1,272,999
(10.00% Cash or 12.00% PIK), 10.00%, 06/15/26⁽ⁱ⁾			2,014		1,809,356
AMC Networks, Inc. 4.75%, 08/01/25			1,216		1,211,683
4.25%, 02/15/29			684		638,305
Block Communications, Inc., 4.88%, 03/01/28^(c)			791		763,315
Cable One, Inc. 1.13%, 03/15/28			1,164		1,040,616
4.00%, 11/15/30^(c)			838		772,820
CCO Holdings LLC/CCO Holdings Capital Corp. 5.13%, 05/01/27^(c)			621		621,916
5.00%, 02/01/28^(c)			262		259,249
5.38%, 06/01/29^(c)			2,119		2,119,000
4.75%, 03/01/30^(c)			1,542		1,480,690
4.50%, 08/15/30^(c)			2,162		2,028,588
4.25%, 02/01/31^(c)			1,896		1,720,620
4.75%, 02/01/32^(c)			1,356		1,262,761
4.50%, 05/01/32			1,367		1,250,395
4.50%, 06/01/33^(c)			1,426		1,279,835
4.25%, 01/15/34^(c)			4,745		4,121,009
Charter Communications Operating LLC/Charter Communications Operating Capital
5.25%, 04/01/53			1,227		1,235,275
5.50%, 04/01/63			1,227		1,234,266
Clear Channel International BV, 6.63%, 08/01/25^(c)			1,965		1,999,388
Clear Channel Outdoor Holdings, Inc.^(c) 7.75%, 04/15/28			3,686		3,705,278
7.50%, 06/01/29			4,942		4,931,399
Clear Channel Worldwide Holdings, Inc., 5.13%, 08/15/27^(c)			5,265		5,208,085
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26^(c)			8,561		8,709,876
CSC Holdings LLC 5.25%, 06/01/24			859		860,087
5.75%, 01/15/30^(c)			1,398		1,244,220
4.13%, 12/01/30^(c)			1,804		1,581,864
4.63%, 12/01/30^(c)			2,906		2,430,259
3.38%, 02/15/31^(c)			1,353		1,139,903
4.50%, 11/15/31^(c)			2,298		2,059,628
Directv Financing LLC/Directv Financing Co.- Obligor, Inc., 5.88%, 08/15/27^(c)			2,469		2,428,879
DISH DBS Corp. 5.88%, 07/15/22			1,734		1,742,635
5.00%, 03/15/23			1,232		1,236,361
5.25%, 12/01/26^(c)			4,721		4,496,752
5.75%, 12/01/28^(c)			4,408		4,171,070


Security		Par (000)		Value

Media (continued)
DISH DBS Corp. (continued) 5.13%, 06/01/29	USD		3,057	$	2,603,311
DISH Network Corp., 3.38%, 08/15/26			928		834,736
Frontier Communications Holdings LLC^(c) 5.88%, 10/15/27			2,403		2,386,900
5.00%, 05/01/28			2,741		2,631,360
6.75%, 05/01/29			2,102		2,017,920
6.00%, 01/15/30			2,033		1,880,525
GCI LLC, 4.75%, 10/15/28^(c)			448		437,364
iHeartCommunications, Inc., 8.38%, 05/01/27			201		207,480
Iliad Holding SASU^(c) 6.50%, 10/15/26			2,636		2,643,117
7.00%, 10/15/28			1,741		1,743,577
Kaixo Bondco Telecom SA, 5.13%, 09/30/29^(a)	EUR		131		135,683
LCPR Senior Secured Financing DAC^(c) 6.75%, 10/15/27	USD		1,457		1,496,776
5.13%, 07/15/29			1,526		1,456,865
Liberty Broadband Corp.^(c) 1.25%, 09/30/50			2,444		2,340,130
2.75%, 09/30/50			4,421		4,360,319
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(c)(i)			1,788		1,242,418
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(c)			3,027		2,917,271
Live Nation Entertainment, Inc.^(c) 4.88%, 11/01/24			134		134,537
6.50%, 05/15/27			3,613		3,847,917
4.75%, 10/15/27			624		608,400
3.75%, 01/15/28			519		487,798
Lorca Telecom Bondco SA, 4.00%, 09/18/27^(a)	EUR		251		267,256
Magallanes, Inc. 5.14%, 03/15/52	USD		7,671		7,848,159
5.39%, 03/15/62			4,603		4,755,259
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(c)			972		976,053
Outfront Media Capital LLC/Outfront Media Capital Corp.^(c)
5.00%, 08/15/27			1,349		1,318,755
4.25%, 01/15/29			698		649,315
Radiate Holdco LLC/Radiate Finance, Inc.^(c) 4.50%, 09/15/26			2,818		2,719,370
6.50%, 09/15/28			5,867		5,547,982
Sable International Finance Ltd., 5.75%, 09/07/27^(c)			539		542,746
Scripps Escrow II, Inc., 3.88%, 01/15/29^(c)			87		80,845
Sinclair Television Group, Inc., 4.13%, 12/01/30^(c)			1,055		940,712
Sirius XM Radio, Inc.^(c) 3.13%, 09/01/26			2,692		2,545,213
4.00%, 07/15/28			1,252		1,189,400
5.50%, 07/01/29			88		89,320
4.13%, 07/01/30			410		383,830
3.88%, 09/01/31			1,668		1,517,880
Stagwell Global LLC, 5.63%, 08/15/29^(c)			553		521,689
Summer BC Holdco A Sarl, 9.25%, 10/31/27^(a)	EUR		180		204,890
Summer BC Holdco B Sarl, 5.75%, 10/31/26^(a)			300		336,148
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25^(a)(i)			151		166,144
Tele Columbus AG, 3.88%, 05/02/25^(a)			285		292,114
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(c)	USD		2,000		1,930,000


Security		Par (000)		Value

Media (continued)
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(c)	USD		3,833	$	3,900,078
Univision Communications, Inc.^(c) 5.13%, 02/15/25			800		800,672
6.63%, 06/01/27			635		665,163
UPC Broadband Finco BV, 4.88%, 07/15/31^(c)			2,494		2,341,542
UPCB Finance VII Ltd., 3.63%, 06/15/29^(a)	EUR		460		497,532
Videotron Ltd., 3.63%, 06/15/29^(c)	USD		1,518		1,407,474
Virgin Media Finance PLC, 3.75%, 07/15/30^(a)	EUR		142		141,379
Virgin Media Secured Finance PLC, 4.50%, 08/15/30^(c)	USD		550		512,875
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28^(a)	GBP		100		123,647
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(c)	USD		2,360		2,265,600
VZ Secured Financing BV, 3.50%, 01/15/32^(a)	EUR		170		172,641
WMG Acquisition Corp. 3.88%, 07/15/30^(c)	USD		655		623,888
2.25%, 08/15/31^(a)	EUR		141		137,513
Ziggo Bond Co. BV^(c) 6.00%, 01/15/27	USD		291		292,819
5.13%, 02/28/30			868		807,787
Ziggo BV, 4.88%, 01/15/30^(c)			1,165		1,097,115


					181,142,886

Metals & Mining — 2.4%
Allegheny Technologies, Inc. 4.88%, 10/01/29			550		521,230
5.13%, 10/01/31			620		581,393
Arconic Corp.^(c) 6.00%, 05/15/25			1,484		1,518,132
6.13%, 02/15/28			2,032		2,038,838
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(c)			4,699		4,930,285
Carpenter Technology Corp., 7.63%, 03/15/30			792		810,937
Commercial Metals Co.
4.13%, 01/15/30			372		347,355
4.38%, 03/15/32			398		369,643
Constellium SE^(c) 5.88%, 02/15/26			1,569		1,569,000
5.63%, 06/15/28			1,235		1,240,199
3.75%, 04/15/29			1,565		1,404,587
ERO Copper Corp., 6.50%, 02/15/30^(c)			829		807,653
Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28^(c)			567		613,778
Kaiser Aluminum Corp.^(c) 4.63%, 03/01/28			1,190		1,117,838
4.50%, 06/01/31			652		587,837
New Gold, Inc.^(c) 6.38%, 05/15/25			239		238,403
7.50%, 07/15/27			2,345		2,432,937
Novelis Corp.^(c) 3.25%, 11/15/26			2,518		2,405,395
4.75%, 01/30/30			2,197		2,132,990
3.88%, 08/15/31			2,643		2,417,446
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29^(a)	EUR		100		105,235
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(c)	USD		659		614,517
thyssenkrupp AG, 2.88%, 02/22/24^(a)	EUR		100		110,316


Security		Par (000)		Value

Metals & Mining (continued)
U.S. Steel Corp., 6.88%, 03/01/29	USD		2,579	$	2,682,160
Vedanta Resources Finance II PLC, 8.95%, 03/11/25^(c)			577		559,690


					32,157,794

Mortgage Real Estate Investment Trusts (REITs) — 0.0%
Starwood Property Trust, Inc., 5.50%, 11/01/23^(c)			157		159,677


Multiline Retail — 0.5%
Bath & Body Works, Inc.
6.88%, 11/01/35			2,966		3,054,980
6.75%, 07/01/36			384		391,062
7.60%, 07/15/37			246		255,225
Dufry One BV, 2.50%, 10/15/24^(a)	EUR		100		107,583
Macy’s Retail Holdings LLC^(c)
5.88%, 03/15/30	USD		249		245,641
6.13%, 03/15/32			249		245,887
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(c)			2,132		2,189,564


					6,489,942

Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.38%, 04/15/28^(c)			408		394,740


Oil, Gas & Consumable Fuels — 14.5%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(c)			2,089		2,167,755
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(c)
5.75%, 03/01/27			341		347,271
5.38%, 06/15/29			1,137		1,135,840
Antero Resources Corp.^(c)
7.63%, 02/01/29			835		902,577
5.38%, 03/01/30			563		574,964
Apache Corp.
4.25%, 01/15/30			1,355		1,365,860
5.10%, 09/01/40			1,697		1,709,727
5.25%, 02/01/42			359		357,205
5.35%, 07/01/49			604		581,350
Arcosa, Inc., 4.38%, 04/15/29^(c)			1,988		1,886,115
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(c)
9.00%, 11/01/27			3,527		4,831,990
5.88%, 06/30/29			1,004		992,042
Brand Industrial Services, Inc., 8.50%, 07/15/25^(c)			1,120		1,041,690
Buckeye Partners LP
4.13%, 03/01/25^(c)			34		33,530
5.85%, 11/15/43			816		695,591
5.60%, 10/15/44			1,073		899,485
Callon Petroleum Co.
6.13%, 10/01/24			534		531,330
9.00%, 04/01/25^(c)			3,648		3,866,880
6.38%, 07/01/26			261		259,532
8.00%, 08/01/28^(c)			3,755		3,958,408
Cellnex Telecom SA, Series CLNX, 0.75%, 11/20/31^(a)	EUR		900		857,820
Centennial Resource Production LLC, 6.88%, 04/01/27^(c)	USD		1,222		1,228,232
Cheniere Energy Partners LP
4.50%, 10/01/29			2,465		2,477,325
4.00%, 03/01/31			3,290		3,189,293
3.25%, 01/31/32^(c)			3,546		3,224,342


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Cheniere Energy, Inc., 4.63%, 10/15/28	USD		8,593	$	8,621,787
Chesapeake Energy Corp.^(c) 5.88%, 02/01/29			96		99,120
6.75%, 04/15/29			2,933		3,106,443
CITGO Petroleum Corp.^(c) 7.00%, 06/15/25			1,453		1,462,081
6.38%, 06/15/26			1,302		1,310,033
Civitas Resources, Inc., 5.00%, 10/15/26^(c)			477		472,841
CNX Midstream Partners LP, 4.75%, 04/15/30^(c)			502		470,108
CNX Resources Corp., 6.00%, 01/15/29^(c)			417		421,170
Colgate Energy Partners III LLC^(c) 7.75%, 02/15/26			647		689,708
5.88%, 07/01/29			1,986		2,047,467
Comstock Resources, Inc.^(c) 7.50%, 05/15/25			933		946,995
6.75%, 03/01/29			2,456		2,533,560
5.88%, 01/15/30			2,727		2,686,913
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(c)			3,995		3,924,688
Crescent Energy Finance LLC, 7.25%, 05/01/26^(c)			3,339		3,354,560
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.^(c)
5.63%, 05/01/27			311		308,151
6.00%, 02/01/29			193		192,276
8.00%, 04/01/29			534		569,981
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(c)			3,881		3,955,651
DCP Midstream Operating LP 6.45%, 11/03/36^(c)			1,282		1,477,185
6.75%, 09/15/37^(c)			2,186		2,563,085
5.60%, 04/01/44			22		23,117
Diamondback Energy, Inc., 4.25%, 03/15/52			1,185		1,171,186
DT Midstream, Inc.^(c) 4.13%, 06/15/29			2,325		2,229,222
4.38%, 06/15/31			2,745		2,628,337
Dycom Industries, Inc., 4.50%, 04/15/29^(c)			564		531,570
eG Global Finance PLC 4.38%, 02/07/25^(a)	EUR		133		142,791
6.75%, 02/07/25^(c)	USD		1,613		1,608,967
6.25%, 10/30/25^(a)	EUR		463		510,085
8.50%, 10/30/25^(c)	USD		1,586		1,623,667
Energy Transfer LP, Series H, (5 year CMT + 5.69%), 6.50%^(b)(j)			3,372		3,314,002
EnLink Midstream LLC 5.63%, 01/15/28^(c)			1,126		1,148,520
5.38%, 06/01/29			892		889,770
EnLink Midstream Partners LP 4.40%, 04/01/24			1,638		1,659,387
4.15%, 06/01/25			108		107,625
4.85%, 07/15/26			297		297,000
5.60%, 04/01/44			1,433		1,235,963
5.05%, 04/01/45			220		177,650
5.45%, 06/01/47			246		207,255
EQM Midstream Partners LP 6.00%, 07/01/25^(c)			1,338		1,364,820
4.13%, 12/01/26			361		346,571
6.50%, 07/01/27^(c)			1,929		2,014,918
4.50%, 01/15/29^(c)			981		917,235
4.75%, 01/15/31^(c)			2,084		1,948,540


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25	USD		350	$	345,205
7.75%, 02/01/28			188		188,997
Great Western Petroleum LLC/Great Western Finance Corp., 12.00%, 09/01/25^(c)			634		706,910
Gulfport Energy Corp., 8.00%, 05/17/26^(c)			152		156,361
Harbour Energy PLC, 5.50%, 10/15/26^(c)			420		414,750
Harvest Midstream I LP, 7.50%, 09/01/28^(c)			315		321,735
Hess Midstream Operations LP, 4.25%, 02/15/30^(c)			1,313		1,238,947
Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, 11/01/28^(c)			262		263,310
ITT Holdings LLC, 6.50%, 08/01/29^(c)			1,889		1,744,907
MasTec, Inc., 4.50%, 08/15/28^(c)			1,122		1,111,647
Matador Resources Co., 5.88%, 09/15/26			4,912		5,001,890
MPLX LP, 4.95%, 03/14/52			2,212		2,302,867
Murphy Oil Corp.
5.75%, 08/15/25			605		616,519
5.88%, 12/01/27			228		231,990
6.38%, 12/01/42			141		135,143
Murphy Oil USA, Inc., 4.75%, 09/15/29			928		920,179
Nabors Industries Ltd.^(c)
7.25%, 01/15/26			303		303,000
7.50%, 01/15/28			877		855,075
Nabors Industries, Inc., 7.38%, 05/15/27^(c)			1,100		1,142,625
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(c)			200		201,098
New Fortress Energy, Inc.^(c)
6.75%, 09/15/25			3,227		3,246,072
6.50%, 09/30/26			4,988		4,941,961
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(c)			948		932,538
NGPL PipeCo LLC, 7.77%, 12/15/37^(c)			1,640		2,058,244
Northern Oil and Gas, Inc., 8.13%, 03/01/28^(c)			3,533		3,680,750
NuStar Logistics LP
5.75%, 10/01/25			719		732,481
6.00%, 06/01/26			908		918,210
6.38%, 10/01/30			75		76,016
Occidental Petroleum Corp.
6.95%, 07/01/24			363		389,771
5.50%, 12/01/25			450		473,535
5.55%, 03/15/26			164		173,840
8.88%, 07/15/30			441		565,583
6.63%, 09/01/30			2,550		2,926,125
6.20%, 03/15/40			3,936		4,368,960
4.50%, 07/15/44			384		366,964
6.60%, 03/15/46			123		144,525
4.40%, 04/15/46			146		138,700
4.40%, 08/15/49			146		137,240
Parkland Corp., 5.88%, 07/15/27^(c)			1,223		1,219,943
PDC Energy, Inc., 6.13%, 09/15/24			356		360,357
Range Resources Corp.
4.88%, 05/15/25			464		469,645
4.75%, 02/15/30(c)			605		600,874
Rockcliff Energy II LLC, 5.50%, 10/15/29^(c)			1,911		1,912,768
SM Energy Co.
10.00%, 01/15/25^(c)			4,965		5,420,092
5.63%, 06/01/25			380		379,525
6.75%, 09/15/26			604		621,078
6.63%, 01/15/27			137		140,447


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
SM Energy Co. (continued) 6.50%, 07/15/28	USD		918	$	947,312
Southwestern Energy Co. 5.95%, 01/23/25			11		11,500
5.38%, 02/01/29			2,236		2,263,950
4.75%, 02/01/32			856		854,930
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 8.50%, 10/15/26^(c)			532		507,278
Sunoco LP/Sunoco Finance Corp. 6.00%, 04/15/27			339		345,356
5.88%, 03/15/28			808		816,080
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(c)
6.00%, 03/01/27			250		249,039
6.00%, 12/31/30			171		165,930
6.00%, 09/01/31			546		525,662
Tap Rock Resources LLC, 7.00%, 10/01/26^(c)			4,254		4,403,400
Targa Resources Corp., 4.95%, 04/15/52^(l)			1,275		1,298,986
Transocean, Inc., 11.50%, 01/30/27^(c)			965		996,363
UGI International LLC, 2.50%, 12/01/29^(a)	EUR		100		93,367
Venture Global Calcasieu Pass LLC^(c) 3.88%, 08/15/29	USD		4,395		4,272,511
4.13%, 08/15/31			3,821		3,748,974
3.88%, 11/01/33			7,237		6,920,381
Western Midstream Operating LP 4.75%, 08/15/28			145		149,659
4.55%, 02/01/30			319		317,405
5.45%, 04/01/44			1,561		1,582,479
5.30%, 03/01/48			1,875		1,856,250
5.50%, 08/15/48			703		694,213
5.75%, 02/01/50			3,337		3,253,575


					198,302,154

Personal Products — 0.1%
Coty, Inc. 3.88%, 04/15/26^(a)	EUR		206		221,336
4.75%, 04/15/26^(a)			100		105,796
6.50%, 04/15/26^(c)	USD		100		99,428
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 4.75%, 01/15/29^(c)			793		739,960


					1,166,520

Pharmaceuticals — 2.3%
Almirall SA, 2.13%, 09/30/26^(a)	EUR		100		106,044
Bausch Health Cos., Inc.^(c) 6.13%, 04/15/25	USD		290		292,538
9.00%, 12/15/25^(h)			255		264,199
6.13%, 02/01/27			704		708,463
7.00%, 01/15/28			1,248		1,117,309
5.00%, 01/30/28			1,153		949,576
4.88%, 06/01/28			546		522,795
5.00%, 02/15/29			1,503		1,170,845
6.25%, 02/15/29			1,569		1,286,580
7.25%, 05/30/29			2,892		2,466,674
5.25%, 02/15/31			89		69,274
Cheplapharm Arzneimittel GmbH 3.50%, 02/11/27^(a)	EUR		166		178,587
4.38%, 01/15/28^(a)			100		109,247
5.50%, 01/15/28^(c)	USD		1,643		1,589,586
Elanco Animal Health, Inc., 6.40%, 08/28/28			241		258,477


Security		Par (000)		Value

Pharmaceuticals (continued)
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.50%, 07/31/27^(c)	USD		2,199	$	1,929,623
Endo Luxembourg Finance Co. I SARL/Endo U.S., Inc., 6.13%, 04/01/29^(c)			2,740		2,500,250
Gruenenthal GmbH^(a)
3.63%, 11/15/26	EUR		100		109,519
4.13%, 05/15/28			217		233,455
Jazz Securities DAC, 4.38%, 01/15/29^(c)	USD		1,994		1,931,687
Nidda BondCo GmbH^(a)
5.00%, 09/30/25	EUR		100		99,914
7.25%, 09/30/25			137		143,575
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24^(a)			300		317,770
Option Care Health, Inc., 4.38%, 10/31/29^(c)	USD		716		671,250
Organon and Co./Organon Foreign Debt Co-Issuer
BV 2.88%, 04/30/28^(a)	EUR		120		126,304
4.13%, 04/30/28^(c)	USD		2,005		1,910,174
5.13%, 04/30/31^(c)			1,680		1,621,200
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25^(c)			1,480		1,361,600
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(c)			4,147		3,869,773
PRA Health Sciences, Inc., 2.88%, 07/15/26^(c)			2,163		2,058,224
Prestige Brands, Inc., 3.75%, 04/01/31^(c)			834		744,345
Rossini Sarl, 6.75%, 10/30/25^(a)	EUR		201		227,604
Teva Pharmaceutical Finance Netherlands II BV 6.00%, 01/31/25			100		115,589
4.50%, 03/01/25			200		222,536
3.75%, 05/09/27			100		104,181
1.63%, 10/15/28^(a)			100		90,457
Teva Pharmaceutical Finance Netherlands III BV, 7.13%, 01/31/25	USD		200		209,140


					31,688,364

Real Estate Management & Development — 0.9%
Adler Group SA^(a)
3.25%, 08/05/25	EUR		200		193,749
2.75%, 11/13/26			200		184,565
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/28^(c)	USD		1,451		1,516,295
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24^(a)	EUR		100		107,564
DIC Asset AG, 2.25%, 09/22/26^(a)			200		193,594
Fastighets AB Balder, (5 year EUR Swap + 3.19%), 2.87%, 06/02/81^(a)(b)			175		169,403
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(c)	USD		2,113		2,162,233
Heimstaden Bostad AB^(a)(b)(j)
(5 year EUR Swap + 3.15%), 2.63%	EUR		200		186,903
(5 year EUR Swap + 3.91%), 3.38%			100		100,693
Howard Hughes Corp.^(c)
5.38%, 08/01/28	USD		1,334		1,339,309
4.13%, 02/01/29			943		884,779
4.38%, 02/01/31			660		620,400
Kennedy-Wilson, Inc., 4.75%, 02/01/30			747		710,330
Realogy Group LLC/Realogy Co.-Issuer Corp.^(c)5.75%, 01/15/29			1,495		1,409,037
5.25%, 04/15/30			714		656,880


Security		Par (000)		Value

Real Estate Management & Development (continued)
Starwood Property Trust, Inc., 4.38%, 01/15/27^(c)	USD		406	$	393,820
WeWork Cos. LLC/WW Co-Obligor, Inc., 5.00%, 07/10/25^(c)			1,724		1,449,212


					12,278,766

Road & Rail — 0.2%
Autostrade per l’Italia SpA^(a)
1.88%, 11/04/25	EUR		100		109,509
2.00%, 01/15/30			279		290,762
Danaos Corp., 8.50%, 03/01/28^(c)	USD		161		172,270
Getlink SE, 3.50%, 10/30/25^(a)	EUR		220		248,242
Seaspan Corp., 5.50%, 08/01/29^(c)	USD		1,800		1,685,250


					2,506,033

Semiconductors & Semiconductor Equipment — 0.8%
ams-OSRAM AG^(a)
2.13%, 11/03/27	EUR		100		101,100
Series AMS, 0.00%, 03/05/25^(k)			200		188,220
ON Semiconductor Corp., 3.88%, 09/01/28^(c)	USD		1,485		1,418,175
Sensata Technologies BV^(c)
5.63%, 11/01/24			1,400		1,447,250
5.00%, 10/01/25			2,021		2,048,789
4.00%, 04/15/29			1,771		1,686,399
Sensata Technologies, Inc.^(c)
4.38%, 02/15/30			2,389		2,284,708
3.75%, 02/15/31			146		135,050
Synaptics, Inc., 4.00%, 06/15/29^(c)			1,094		1,031,095


					10,340,786

Software — 2.4%
ACI Worldwide, Inc., 5.75%, 08/15/26^(c)			1,133		1,158,493
Black Knight InfoServ LLC, 3.63%, 09/01/28^(c)			1,997		1,892,557
Boxer Parent Co., Inc.
6.50%, 10/02/25^(a)	EUR		373		416,035
7.13%, 10/02/25^(c)	USD		1,099		1,139,157
9.13%, 03/01/26^(c)			3,346		3,446,380
Cedacri Mergeco SpA, (3 mo. EURIBOR + 4.63%), 4.63%, 05/15/28^(a)(b)	EUR		163		179,034
Condor Merger Sub, Inc., 7.38%, 02/15/30^(c)	USD		1,869		1,792,820
Crowdstrike Holdings, Inc., 3.00%, 02/15/29			611		560,593
Elastic NV, 4.13%, 07/15/29^(c)			2,011		1,870,150
Helios Software Holdings, Inc./ION Corp. Solutions Finance SARL, 4.63%, 05/01/28^(c)			959		881,139
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(c)			1,386		1,299,375
MicroStrategy, Inc., 6.13%, 06/15/28^(c)			2,400		2,335,272
MSCI, Inc.^(c)
3.63%, 09/01/30			551		516,499
3.88%, 02/15/31			821		778,435
3.63%, 11/01/31			798		751,118
3.25%, 08/15/33			976		877,241
Nuance Communications, Inc., 5.63%, 12/15/26			884		908,867
Open Text Corp.^(c)
3.88%, 02/15/28			29		27,804
3.88%, 12/01/29			839		797,050
Open Text Holdings, Inc., 4.13%, 02/15/30^(c)			1,365		1,294,286
Playtika Holding Corp., 4.25%, 03/15/29^(c)			2,453		2,262,892
PTC, Inc., 4.00%, 02/15/28^(c)			493		480,315
SS&C Technologies, Inc., 5.50%, 09/30/27^(c)			4,790		4,825,997
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(c)			2,863		2,716,142


					33,207,651


Security		Par (000)		Value

Specialty Retail — 1.2%
Arko Corp., 5.13%, 11/15/29^(c)	USD		981	$	892,710
Douglas GmbH, 6.00%, 04/08/26^(a)	EUR		100		105,019
Goldstory SASU, 5.38%, 03/01/26^(a)			100		110,625
PetSmart, Inc./PetSmart Finance Corp.^(c)
4.75%, 02/15/28	USD		1,897		1,833,270
7.75%, 02/15/29			6,769		6,988,993
Staples, Inc.^(c)
7.50%, 04/15/26			5,044		4,898,254
10.75%, 04/15/27			798		710,220
Tendam Brands SAU, (3 mo. EURIBOR + 5.25%), 5.25%, 09/15/24^(a)(b)	EUR		100		109,786


					15,648,877

Technology Hardware, Storage & Peripherals — 0.1%
II-VI, Inc., 5.00%, 12/15/29^(c)	USD		1,537		1,502,418


Textiles, Apparel & Luxury Goods — 0.3%
BK LC Lux Finco1 Sarl, 5.25%, 04/30/29^(a)	EUR		100		108,491
Crocs, Inc.^(c)
4.25%, 03/15/29	USD		870		769,950
4.13%, 08/15/31			1,272		1,074,840
European TopSoho Sarl, Series SMCP, 4.00%, 09/21/21^(a)(d)(e)	EUR		200		191,629
Kontoor Brands, Inc., 4.13%, 11/15/29^(c)	USD		525		480,375
Levi Strauss & Co., 3.50%, 03/01/31^(c)			616		564,108
William Carter Co.^(c)
5.50%, 05/15/25			264		272,052
5.63%, 03/15/27			543		551,015
Wolverine World Wide, Inc., 4.00%, 08/15/29^(c)			554		491,675


					4,504,135

Thrifts & Mortgage Finance — 0.5%
Enact Holdings, Inc., 6.50%, 08/15/25^(c)			2,158		2,226,301
Home Point Capital, Inc., 5.00%, 02/01/26^(c)			1,111		910,253
Jerrold Finco PLC^(a)
4.88%, 01/15/26	GBP		100		126,285
5.25%, 01/15/27			140		176,646
MGIC Investment Corp., 5.25%, 08/15/28	USD		857		846,639
Nationstar Mortgage Holdings, Inc.^(c)
6.00%, 01/15/27			85		86,496
5.13%, 12/15/30			569		526,325
5.75%, 11/15/31			527		502,605
Rocket Mortgage LLC/Rocket Mortgage Co.- Issuer, Inc., 2.88%, 10/15/26^(c)			790		725,335


					6,126,885

Transportation — 0.0%
Autostrade per l’Italia SpA, 2.00%, 12/04/28^(a)	EUR		226		243,173


Transportation Infrastructure^(a) — 0.0%
Autostrade per l’Italia SpA, 1.63%, 01/25/28			150		159,143
Heathrow Finance PLC, 4.63%, 09/01/29^(m)	GBP		215		257,496


					416,639

Utilities — 0.3%
Consensus Cloud Solutions, Inc.^(c)
6.00%, 10/15/26	USD		386		383,105
6.50%, 10/15/28			475		471,993
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(c)			2,301		2,263,747


Security		Par (000)		Value

Utilities (continued)
Thames Water Kemble Finance PLC, 4.63%, 05/19/26^(a)	GBP		252	$	319,023
Vistra Operations Co. LLC, 4.38%, 05/01/29^(c)	USD		1,257		1,187,865


					4,625,733

Wireless Telecommunication Services — 3.0%
Altice France SA 2.50%, 01/15/25^(a)	EUR		169		179,616
5.88%, 02/01/27^(a)			100		113,114
8.13%, 02/01/27^(c)	USD		2,712		2,796,425
5.50%, 01/15/28^(c)			1,997		1,850,620
4.13%, 01/15/29^(a)	EUR		200		200,231
5.13%, 01/15/29^(c)	USD		794		711,289
5.13%, 07/15/29^(c)			2,260		2,025,525
4.25%, 10/15/29^(a)	EUR		147		147,373
5.50%, 10/15/29^(c)	USD		2,790		2,503,411
Rogers Communications, Inc., 4.55%, 03/15/52^(c)			2,459		2,444,635
SBA Communications Corp., 3.88%, 02/15/27			5,471		5,336,550
Sprint Corp.
7.88%, 09/15/23			924		981,750
7.13%, 06/15/24			764		819,428
T-Mobile USA, Inc. 4.75%, 02/01/28			357		362,855
2.63%, 02/15/29			1,928		1,759,743
2.88%, 02/15/31			2,236		2,014,480
3.50%, 04/15/31			1,985		1,867,845
3.50%, 04/15/31^(c)			594		558,942
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, 02/15/25^(c)			1,089		1,131,482
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 02/15/29^(c)			2,611		2,434,366
VICI Properties LP/VICI Note Co., Inc.^(c)3.50%, 02/15/25			560		551,740
4.25%, 12/01/26			2,664		2,652,811
3.75%, 02/15/27			943		917,068
4.63%, 12/01/29			1,285		1,281,788
4.13%, 08/15/30			3,142		3,033,161
Vmed O2 U.K. Financing I PLC 4.00%, 01/31/29^(a)	GBP		200		240,201
4.25%, 01/31/31^(c)	USD		257		235,057
4.50%, 07/15/31^(a)	GBP		201		242,326
4.75%, 07/15/31^(c)	USD		1,668		1,572,090
Vodafone Group PLC, (5 year EUR Swap + 3.23%), 3.00%, 08/27/80^(a)(b)	EUR		100		101,222


					41,067,144


Total Corporate Bonds — 113.6% (Cost: $1,595,775,689)					1,552,128,119


Floating Rate Loan Interests^(b)

Aerospace & Defense — 0.7%
Cobham Ultra U.S. Co-Borrower LLC, USD Term Loan B, 11/16/28⁽ⁿ⁾	USD		412		407,023
Peraton Corp.
2nd Lien Term Loan B1, (1 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 02/01/29			1,564		1,548,724
Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/01/28			6,379		6,325,008


Security		Par (000)		Value

Aerospace & Defense (continued)
Spirit Aerosystems, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.75%), 4.25%, 01/15/25	USD		1,111	$	1,108,887
WP CPP Holdings LLC, 2018 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/30/25			319		301,016


					9,690,658

Air Freight & Logistics — 0.4%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 04/06/28			611		605,279
PECF USS Intermediate Holding III Corp., Term Loan B, (1 mo. LIBOR + 4.25%), 4.76%, 12/17/28			4,826		4,774,716


					5,379,995

Airlines — 0.9%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 04/20/28			3,547		3,588,634
Air Canada, 2021 Term Loan B, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/11/28			1,924		1,903,952
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27			1,146		1,187,185
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/20/27			1,648		1,699,236
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 04/21/28			3,577		3,529,190


					11,908,197

Auto Components — 0.1%
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.71%, 04/30/26			1,242		1,224,632


Banks — 0.4%
Directv Financing LLC, Term Loan, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 08/02/27			4,727		4,716,211


Beverages — 0.1%
Naked Juice LLC
Delayed Draw Term Loan, (SOFR + 3.25%), 3.75%, 01/24/29			64		62,846
Term Loan, (SOFR + 3.25%), 3.32%, 01/24/29			1,109		1,089,330


					1,152,176

Building Products — 0.1%
CP Atlas Buyer, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.75%), 4.25%, 11/23/27			510		494,702
CPG International, Inc., 2017 Term Loan, (1 Week LIBOR + 2.50%, 0.75% Floor), 3.25%, 05/05/24			391		387,513
Griffon Corp., Term Loan B, (SOFR + 2.75%), 3.27%, 01/24/29			453		447,763


					1,329,978

Capital Markets — 0.2%
AqGen Ascensus, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR + 6.50%), 7.00%, 08/02/29^(g)			994		984,130


Security		Par (000)			Value

Capital Markets (continued)
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27	USD		884		$	878,891
2021 USD 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 04/07/28^(g)			1,206			1,202,985


						3,066,006

Chemicals — 0.7%
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 08/27/26			2,327			2,316,066
Atotech BV, 2021 USD Term Loan B, (1 mo. LIBOR + 2.50%), 3.00%, 03/18/28			2,547			2,510,464
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.70%, 05/15/24			1,430			1,410,052
New Arclin U.S. Holding Corp., 2021 Term Loan, (1 mo. LIBOR + 3.75%), 4.25%, 09/30/28			887			863,836
W.R. Grace & Co.-Conn., 2021 Term Loan B, (3 mo. LIBOR + 3.75%), 4.81%, 09/22/28			1,723			1,706,443


						8,806,861

Commercial Services & Supplies — 0.8%
Asurion LLC, 2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.71%, 12/23/26			2,222			2,170,950
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.71%, 12/12/25			486			482,781
GFL Environmental, Inc., 2020 Term Loan, (3 mo. LIBOR + 3.00%), 3.50%, 05/30/25			—	^(o)		1
Propulsion BC Finco SARL, Term Loan, 02/10/29⁽ⁿ⁾			1,166			1,159,447
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.46%, 08/27/25			7,117			7,081,686


						10,894,865

Communications Equipment — 0.2%
ViaSat, Inc., Term Loan, (3 mo. LIBOR + 4.50%), 5.00%, 03/04/29			2,003			1,990,079


Construction & Engineering — 1.2%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.26%, 06/21/24			14,405			13,718,541
New Arclin U.S. Holding Corp., 2021 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 7.50%, 09/30/29^(g)			2,814			2,715,510


						16,434,051

Construction Materials — 0.0%
Smyrna Ready Mix Concrete LLC, 04/02/29^(g)(n)			498			490,530


Containers & Packaging — 0.3%
BWAY Holding Co., 2017 Term Loan B, (1 mo. LIBOR + 3.25%), 3.48%, 04/03/24			3,203			3,154,303
Charter NEX US, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27			464			460,837


						3,615,140

Diversified Consumer Services — 0.2%
Amentum Government Services Holdings LLC
2022 Term Loan, (SOFR + 4.00%), 4.50%, 02/15/29			727			718,821
Term Loan B, (1 mo. LIBOR + 3.50%), 3.96%, 01/29/27			362			357,405


Security		Par (000)		Value

Diversified Consumer Services (continued)
Ascend Learning, LLC, 2021 2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 6.25%, 12/10/29	USD		657	$	652,073
Sotheby’s, 2021 Term Loan B, (3 mo. LIBOR + 4.50%), 5.00%, 01/15/27			406		405,427
TruGreen LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%, 0.75% Floor), 9.51%, 11/02/28^(g)			868		870,170


					3,003,896

Diversified Financial Services — 1.3%
Advisor Group, Inc., 2021 Term Loan, 07/31/26⁽ⁿ⁾			240		238,595
AqGen Island Holdings, Inc., Term Loan, 08/02/28^(g)(n)			771		762,343
Clydesdale Acquisition Holdings, Inc., 03/30/29⁽ⁿ⁾			842		827,964
Delta TopCo, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27			2,281		2,241,421
EP Purchaser LLC, 2021 Term Loan B, (3 mo. LIBOR + 3.50%), 4.51%, 11/06/28			813		805,954
Gainwell Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 5.01%, 10/01/27^(g)			5,156		5,142,626
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, (1 mo. LIBOR + 4.00%), 4.50%, 02/16/28			543		537,335
KKR Apple Bidco LLC
2021 2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 6.25%, 09/21/29			144		142,831
2021 Term Loan, (1 mo. LIBOR + 3.00%), 3.50%, 09/23/28			891		878,101
LBM Acquisition LLC, Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.21%, 12/18/27			261		255,315
Radiate Holdco LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 09/25/26			315		312,178
Veritas U.S., Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.01%, 09/01/25			3,346		3,121,340
White Cap Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.75%), 4.25%, 10/19/27			2,896		2,858,917


					18,124,920

Diversified Telecommunication Services — 0.3%
Cincinnati Bell, Inc., 2021 Term Loan B2, (SOFR + 3.25%), 4.05%, 11/22/28			458		451,369
Frontier Communications Corp., 2021 DIP Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.81%, 05/01/28			1,608		1,580,959
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.25%, 11/27/23			4		4,160
2021 Exit Term Loan B, (SOFR + 4.25%), 4.92%, 02/01/29			1,942		1,907,543


					3,944,031

Electrical Equipment — 0.1%
Gates Global LLC, 2021 Term Loan B3, (1 mo. LIBOR + 2.50%, 0.01% Floor), 3.25%, 03/31/27			1,234		1,215,242
II-VI, Inc., 2021 Bridge Term Loan B, (3 mo. LIBOR + 3.00%), 3.71%, 12/01/28^(g)			761		754,802


					1,970,044


Security		Par (000)			Value

Entertainment — 0.2%
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25%, 0.75% Floor), 7.00%, 11/12/25^(g)	USD		2,081		$	2,070,259


Food Products — 0.0%
Naked Juice LLC, 2nd Lien Term Loan, (3 mo. LIBOR + 6.00%), 6.65%, 01/24/30			156			155,220


Gas Utilities — 0.1%
Freeport LNG Investments, LLLP, Term Loan B, (3 mo. LIBOR + 3.50%), 4.00%, 12/21/28			1,368			1,356,273


Health Care Equipment & Supplies — 0.1%
Embecta Corp., Term Loan B, 03/30/29⁽ⁿ⁾			28			27,650
Ortho-Clinical Diagnostics SA
2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.23%, 06/30/25			455			453,079
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		872			957,464


						1,438,193

Health Care Providers & Services — 0.5%
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.01%, 01/08/27	USD		2,114			2,102,398
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 4.20%, 10/10/25			3,781			2,501,843
EyeCare Partners LLC, 2020 Term Loan, (3 mo. LIBOR + 3.75%), 4.76%, 02/18/27			740			729,982
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR + 6.50%, 1.00% Floor), 7.50%, 04/29/25^(g)			1,453			1,285,843
RegionalCare Hospital Partners Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 4.20%, 11/16/25			442			438,766


						7,058,832

Health Care Services — 0.1%
Medical Solutions Holdings, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%), 7.50%, 11/01/29			631			605,760


Health Care Technology — 1.4%
Athenahealth, Inc., 2022 Term Loan B, (SOFR + 3.50%), 4.00%, 02/15/29			9,464			9,348,356
Polaris Newco LLC, USD Term Loan B, (1 mo. LIBOR + 4.00%), 4.50%, 06/04/28			2,357			2,331,521
Verscend Holding Corp., 2021 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 7.50%, 04/02/29^(g)			8,084			8,003,160


						19,683,037

Hotels, Restaurants & Leisure — 0.6%
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 3.21%, 12/23/24			1,481			1,471,416
2020 Term Loan B1, (1 mo. LIBOR + 3.50%), 3.96%, 07/20/25			—	^(o)		1
Fertitta Entertainment LLC, 2022 Term Loan B, (SOFR + 4.00%), 4.50%, 01/27/29			3,449			3,427,344
Golden Nugget, Inc., 2020 Initial Term Loan, (1 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23^(g)			292			309,274


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
IRB Holding Corp., 2022 Term Loan B, (SOFR + 3.00%, 0.75% Floor), 3.75%, 12/15/27	USD		2,014	$	1,996,158
Life Time Fitness, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 12/15/24			434		431,023
Raptor Acquisition Corp., 2021 Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.93%, 11/01/26			303		300,260


					7,935,476

Household Durables — 0.2%
Solis IV BV, USD Term Loan B1, (3 mo. LIBOR + 3.50%), 4.00%, 02/26/29			1,135		1,110,881
Springs Windows Fashions LLC, 2021 Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/06/28			1,668		1,615,293


					2,726,174

Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.46%, 08/12/26			93		91,060


Industrial Conglomerates — 0.2%
AVSC Holding Corp., 2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.25%, 09/01/25			1,279		1,080,895
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23			1,796		1,795,469


					2,876,364

Insurance — 0.6%
Alliant Holdings Intermediate LLC
2021 Term Loan B4, (1 mo. LIBOR + 3.50%), 4.00%, 11/06/27			1,191		1,181,916
Term Loan B, (1 mo. LIBOR + 3.25%), 3.71%, 05/09/25			1,975		1,951,576
AssuredPartners, Inc., 2022 Term Loan, (SOFR + 3.50%), 4.00%, 02/12/27			1,090		1,076,375
Hub International Ltd., 2018 Term Loan B, (2 mo. LIBOR + 3.00%), 3.27%, 04/25/25			1,382		1,364,914
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 09/01/27			544		539,846
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.71%, 12/31/25			848		838,538
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 4.21%, 09/03/26			500		495,738
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			530		526,262


					7,975,165

Interactive Media & Services — 0.3%
Camelot U.S. Acquisition 1 Co., 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/31/26			635		628,219
Grab Holdings, Inc., Term Loan B, (6 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 01/29/26			3,857		3,760,614


					4,388,833


Security		Par (000)		Value

Internet & Direct Marketing Retail — 0.1%
CNT Holdings I Corp., 2020 Term Loan, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 11/08/27	USD		761	$	790,847


IT Services — 1.6%
Banff Merger Sub, Inc.
2021 USD 2nd Lien Term Loan, (1 mo. LIBOR + 5.50%), 6.00%, 02/27/26			2,250		2,225,250
2021 USD Term Loan, (3 mo. LIBOR + 3.75%), 4.21%, 10/02/25			1,995		1,980,890
CoreLogic, Inc., 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 7.00%, 06/04/29			1,413		1,390,039
Greeneden U.S. Holdings II LLC, 2020 USD Term Loan B4, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/01/27			2,077		2,071,718
Optiv Security, Inc., 1st Lien Term Loan, (6 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 02/01/24			1,222		1,192,337
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.96%, 02/13/27			2,305		2,256,128
Sophia LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.00%, 1.00% Floor), 9.01%, 10/09/28			10,251		10,430,393
TierPoint LLC, 2021 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/05/26			896		886,462


					22,433,217

Machinery — 1.0%
Filtration Group Corp., 2021 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 4.00%, 10/21/28			1,222		1,203,639
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.46%, 09/20/26			2,324		2,314,492
SPX Flow, Inc., 03/16/29⁽ⁿ⁾			1,930		1,878,527
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.01%, 03/28/25			8,523		8,329,261


					13,725,919

Media — 1.5%
A-L Parent LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			470		446,522
Altice Financing SA, 2017 USD Term Loan B, (3 mo. LIBOR + 2.75%), 2.99%, 07/15/25			238		231,737
Altice France SA, 2018 Term Loan B13, (3 mo. LIBOR + 4.00%), 4.51%, 08/14/26			993		973,125
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.00%), 3.35%, 04/22/26			1,217		1,082,498
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.80%, 08/21/26			6,530		6,412,400
Connect Finco SARL, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/12/26			1,003		993,319
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.96%, 09/13/24			2,915		2,875,929
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 09/15/24			1,281		1,265,172
2021 2nd Lien Term Loan, (1 mo. LIBOR + 6.25%), 6.71%, 02/23/29			288		284,760
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.46%, 03/09/27			6,160		5,988,875


					20,554,337


Security	Par (000)			Value


Metals & Mining — 0.0%
Grinding Media, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.80%, 10/12/28.		USD	510	$	504,693


Oil, Gas & Consumable Fuels^(g) — 0.8%
Ascent Resources - Utica, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%, 1.00% Floor), 10.00%, 11/01/25			10,724		11,447,586
Lealand Finance Co. BV, 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.46%, 06/28/24			90		54,239


					11,501,825

Pharmaceuticals — 0.2%
Endo Luxembourg Finance Co. I SARL, 2021 Term Loan, (1 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 03/25/28			2,475		2,312,756


Professional Services — 0.3%
Dun & Bradstreet Corp.
2022 Incremental Term Loan B2, (SOFR + 3.25%), 3.56%, 01/18/29^(g)			958		948,420
Term Loan, (1 mo. LIBOR + 3.25%), 3.70%, 02/06/26			3,018		2,986,403


					3,934,823

Real Estate Management & Development — 0.1%
Chamberlain Group, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 4.51%, 11/03/28			1,985		1,958,565


Software — 3.8%
Barracuda Networks, Inc., 2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 10/30/28			958		951,805
Cloudera, Inc.
2021 Second Lien Term Loan, (1 mo. LIBOR + 6.00%), 6.50%, 10/08/29(g)			1,463		1,437,398
2021 Term Loan, (1 mo. LIBOR + 3.75%), 4.25%, 10/08/28			4,172		4,114,635
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.50%, 05/27/24			1,946		1,849,007
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			506		515,488
2020 Term Loan, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 07/31/27			1,385		1,372,457
Helios Software Holdings, Inc., 2021 USD Term Loan B, (6 mo. LIBOR + 3.75%), 5.25%, 03/11/28			662		654,998
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 07/27/28			4,537		4,495,489
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 0.75% Floor), 9.00%, 07/27/29			2,293		2,267,204
McAfee LLC, 2022 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.50%, 03/01/29			5,779		5,728,434
Planview Parent, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 0.75% Floor), 8.26%, 12/18/28^(g)			850		841,500


Security	Par (000)			Value


Software (continued)
Proofpoint, Inc.
1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 3.76%, 08/31/28		USD	1,331	$	1,314,950
2nd Lien Term Loan, (3 mo. LIBOR + 6.25%), 6.76%, 08/31/29			2,006		1,994,084
RealPage, Inc.
1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.75%, 04/22/28			1,790		1,767,451
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.75% Floor), 7.25%, 04/22/29			6,751		6,759,783
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.71%, 05/30/25			1,772		1,748,972
Sabre Global, Inc.
2021 Term Loan B1, (1 mo. LIBOR + 3.50%), 4.00%, 12/17/27			527		520,368
2021 Term Loan B2, (1 mo. LIBOR + 3.50%), 4.00%, 12/17/27			840		829,497
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.45%, 08/01/25			2,171		2,197,733
Sophia LP, 2021 Term Loan B, (3 mo. LIBOR + 3.25%), 4.26%, 10/07/27			4,226		4,179,246
Sovos Compliance LLC, 2021 Term Loan, (1 mo. LIBOR + 4.50%), 5.00%, 08/11/28			820		817,167
Tempo Acquisition LLC, Non-Extended Term Loan, (1 mo. LIBOR + 2.75%), 3.21%, 05/01/24			205		203,212
Tibco Software Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.71%, 03/04/28			1,576		1,570,421
Ultimate Software Group, Inc.
2021 2nd Lien Term Loan, (3 mo. LIBOR + 5.25%), 5.75%, 05/03/27			2,065		2,046,115
2021 Term Loan, (3 mo. LIBOR + 3.25%), 3.75%, 05/04/26			1,774		1,757,578
Term Loan B, (3 mo. LIBOR + 3.75%), 4.76%, 05/03/26			560		557,065


					52,492,057

Specialty Retail — 0.2%
PetSmart, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/11/28			1,951		1,943,029
Staples, Inc., 7 Year Term Loan, (3 mo. LIBOR + 5.00%), 5.32%, 04/16/26			839		790,608


					2,733,637

Textiles, Apparel & Luxury Goods — 0.3%
Crocs, Inc., Term Loan B, (SOFR + 3.50%), 3.50%, 02/17/29			4,715		4,592,080


Trading Companies & Distributors — 0.2%
Foundation Building Materials Holding Co. LLC, 2021 Term Loan, (3 mo. LIBOR + 3.25%), 3.75%, 01/31/28			565		554,662
SRS Distribution, Inc., 2022 Incremental Term Loan, (SOFR + 3.50%), 4.00%, 06/04/28			1,542		1,520,555


					2,075,217


Security	Par (000)				Value


Wireless Telecommunication Services — 0.0%
MetroNet Systems Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 06/02/28		USD		107	$	105,696


Total Floating Rate Loan Interests — 22.4% (Cost: $308,904,411)						305,818,585


			Shares


Investment Companies

Equity Funds — 0.6%
iShares Preferred & Income Securities ETF^(p)				203,000		7,393,260


Total Investment Companies — 0.6% (Cost: $7,427,338)						7,393,260


	Par (000)


Preferred Securities

Capital Trusts — 1.8%

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(b)(j)		USD		655		686,244
Volkswagen International Finance NV, 4.38%, 12/31/49		EUR		200		220,333


						906,577

Banks^(a)(b)(j)— 0.0%
AIB Group PLC, 5.25%				200		222,277
CaixaBank SA, 6.38%				200		229,963


						452,240

Diversified Financial Services^(b)(j)— 1.3%
Banco Santander SA, 4.38%^(a)				200		214,985
Barclays PLC, 4.38%		USD		2,490		2,193,068
Credit Agricole S.A., 4.75%^(c)				1,295		1,175,122
Credit Suisse Group AG^(c)
6.38%				1,658		1,636,562
5.25%				1,077		996,225
6.25%				200		201,500
Deutsche Bank AG, 6.75%^(a)(l)		EUR		200		226,228
HSBC Holdings PLC, 6.00%		USD		2,298		2,338,215
JPMorgan Chase & Co.
Series FF, 5.00%				5,918		5,898,323
Series HH, 4.60%				1,416		1,364,670
Series Q, 5.15%				850		854,250


						17,099,148

Diversified Telecommunication Services — 0.0%
British Telecommunications PLC, 4.88%, 11/23/81^(b)(c)				200		190,000


Security	Par (000)				Value


Electric Utilities^(b)(j)— 0.1%
Edison International, Series B, 5.00%		USD		940	$	882,190
Naturgy Finance BV, 2.37%^(a)		EUR		200		203,401


						1,085,591

Food & Staples Retailing — 0.0%
Casino Guichard Perrachon SA, 3.99%^(a)(b)(j)				100		51,994


Health Care Providers & Services — 0.0%
Korian SA, 4.13%^(a)(b)(j)		GBP		200		241,039


Independent Power and Renewable Electricity Producers — 0.1%
Vistra Corp., 7.00%^(b)(c)(j)		USD		1,272		1,238,610


Internet & Direct Marketing Retail — 0.0%
Rakuten Group, Inc., 4.25%^(a)(b)(j)		EUR		225		215,117


Media — 0.0%
SES SA, 2.88%^(a)(b)(j)				100		102,397


Oil, Gas & Consumable Fuels^(a)(b)(j)— 0.0%
Abertis Infraestructuras Finance BV, 3.25%				200		216,362
BP Capital Markets PLC, 4.25%		GBP		125		162,160
Repsol International Finance BV
3.75%		EUR		100		111,455
4.25%				100		111,034


						601,011

Transportation Infrastructure — 0.0%
Poste Italiane SpA, 2.63%^(a)(b)(j)				200		192,821


Utilities^(a)(b)(j)— 0.1%
Electricite de France SA
3.00%				200		205,209
2.88%				200		205,723
3.38%				400		397,697
6.00%		GBP		100		133,436


						942,065

Wireless Telecommunication Services^(a)(b)— 0.1%
Vodafone Group PLC
2.63%, 08/27/80		EUR		400		429,650
4.20%, 10/03/78				200		225,542


						655,192


						23,973,802


			Shares


Preferred Stocks — 1.0%

Banks — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $666,513)^(f)				680,898		7,007


Commercial Services & Supplies — 0.1%
Verscend Intermediate Holding^(g)(j)				790		908,838


Insurance — 0.1%
Alliant Holdings, Inc.^(g)				1,431		1,395,211


Security	Shares		Value


Interactive Media & Services — 0.7%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $7,000,256)^(f)(g)		63,886	$	10,292,518


Wireless Telecommunication Services — 0.1%
Ligado Networks LLC^(q)		32,168		1,447,578


				14,051,152


Total Preferred Securities — 2.8% (Cost: $39,598,123)				38,024,954


Total Long-Term Investments — 143.6% (Cost: $2,020,895,661)				1,961,471,898


Options Purchased — 0.0% (Cost: $609,039)				326,978


Total Investments Before Options Written — 143.6% (Cost: $2,021,504,700)				1,961,798,876


Options Written — (0.0)%
(Premiums Received: $(241,541))				(110,385	)


Total Investments, Net of Options Written — 143.6% (Cost: $2,021,263,159)				1,961,688,491
Liabilities in Excess of Other Assets — (43.6)%				(595,694,296	)


Net Assets — 100.0%			$	1,365,994,195

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

^(e)	Non-income producing security.

^(f)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $11,621,837, representing 0.9% of its net assets as of period end, and an original cost of $9,266,121.

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

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

⁽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)	Perpetual security with no stated maturity date.

^(k)	Zero-coupon bond.

^(l)	When-issued security.

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

^(o)	Rounds to less than 1,000.

^(p)	Affiliate of the Trust.

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

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

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2022 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 reporting purposes. As of period end, bank borrowings payable of $610,000,000 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:



Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)

Short Contracts
10-Year U.S. Treasury Note		74		06/21/22	$	9,084	$	286,649
U.S. Long Bond		4		06/21/22		601		17,791
Ultra U.S. Treasury Bond		87		06/21/22		15,399		451,932


							$	756,372



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

USD	223,686	EUR	200,000	Commonwealth Bank of Australia		06/15/22	$	1,838
USD	58,172	EUR	52,000	UBS AG		06/15/22		491


								2,329

EUR	200,000	USD	223,076	Commonwealth Bank of Australia		04/04/22		(1,826	)
USD	190,606	CAD	243,000	Morgan Stanley & Co. International PLC		06/15/22		(3,734	)
USD	6,619	EUR	6,000	Bank of America N.A.		06/15/22		(36	)
USD	41,336,612	EUR	37,566,000	BNP Paribas SA		06/15/22		(333,014	)
USD	6,910,694	GBP	5,297,000	Toronto-Dominion Bank		06/15/22		(45,691	)


								(384,301	)


							$	(381,972	)



Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value

Call
Euro STOXX Banks		51		04/14/22		EUR	105.00		EUR	231	$	282
Euro STOXX 50		14		06/17/22		EUR	4,200.00		EUR	546		3,399
Euro STOXX Banks		45		06/17/22		EUR	100.00		EUR	204		3,796


												7,477


Put
SPDR S&P 500 ETF Trust		548		04/14/22		USD	438.00		USD	24,750		103,024
SPDR S&P 500 ETF Trust		359		05/06/22		USD	440.00		USD	16,214		216,477


												319,501


											$	326,978



Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value

Call
Euro STOXX Banks		51		04/14/22		EUR	115.00		EUR	231	$	(141	)
Euro STOXX 50		14		06/17/22		EUR	4,400.00		EUR	546		(720	)
Euro STOXX Banks		45		06/17/22		EUR	110.00		EUR	204		(933	)


												(1,794	)


Put
SPDR S&P 500 ETF Trust		548		04/14/22		USD	415.00		USD	24,750		(25,482	)
SPDR S&P 500 ETF Trust		359		05/06/22		USD	415.00		USD	16,214		(83,109	)


												(108,591	)


											$	(110,385	)


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



Affiliated Issuer	Value at 12/31/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 03/31/22		Shares Held at 03/31/22		Income		Capital Gain Distributions from Underlying Funds

BlackRock Liquidity Funds, T-Fund, Institutional Class^(a)	$	—	$	—	^(b)	$	—	$	—	$	—		$	—		—	$	97	$	—
iShares Preferred & Income Securities ETF		8,004,290		—			—		—		(611,030	)		7,393,260		203,000		47,515		—


								$	—	$	(611,030	)	$	7,393,260			$	47,612	$	—



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	$	(13,383	)	$	(23,737	)	$	10,354
CenturyLink, Inc.	1.00		Quarterly	Barclays Bank PLC	06/20/25	N/R		USD	1,221		(72,374	)		(109,934	)		37,560
Adler Real Estate AG	5.00		Quarterly	Morgan Stanley & Co. International PLC	12/20/25	B		EUR	60		(418	)		7,791			(8,209	)
Virgin Media Finance PLC	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/25	B		EUR	70		7,705			7,032			673
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/26	N/R		EUR	50		7			4,408			(4,401	)
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/26	N/R		EUR	50		6			4,951			(4,945	)
CMA CGM SA	5.00		Quarterly	Credit Suisse International	06/20/26	BB-		EUR	30		2,823			1,321			1,502
CMA CGM SA	5.00		Quarterly	Goldman Sachs International	06/20/26	BB-		EUR	20		1,882			1,590			292
Adler Real Estate AG	5.00		Quarterly	Citibank N.A.	12/20/26	B		EUR	20		156			463			(307	)
Adler Real Estate AG	5.00		Quarterly	Goldman Sachs International	12/20/26	BB-		EUR	10		78			(22	)		100
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/26	B		EUR	40		310			—			310
Adler Real Estate AG	5.00		Quarterly	Morgan Stanley & Co. International PLC	12/20/26	BB-		EUR	10		78			45			33
Altice France SA.	5.00		Quarterly	Credit Suisse International	12/20/26	B		EUR	80		5,578			5,721			(143	)
CMA CGM SA	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/26	BB-		EUR	100		8,175			4,171			4,004
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Bank of America N.A.	12/20/26	B+		EUR	50		(614	)		(2,056	)		1,442
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Barclays Bank PLC	12/20/26	B+		EUR	41		(498	)		1,670			(2,168	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Credit Suisse International	12/20/26	B+		EUR	39		(484	)		1,716			(2,200	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Credit Suisse International	12/20/26	B+		EUR	55		(675	)		2,222			(2,897	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Morgan Stanley & Co. International PLC	12/20/26	B+		EUR	55		(675	)		2,635			(3,310	)
K&S AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/26	B+		EUR	90		13,580			7,623			5,957


										$	(48,743	)	$	(82,390	)	$	33,647


															Upfront Premium Paid
Paid by the Trust		Received by the Trust															Unrealized Appreciation
						Effective	Termination		Notional								Unrealized Appreciation
Rate	Frequency	Reference	Frequency	Counterparty	Date		Date	Amount (000)			Value			(Received)			Depreciation

3-Month LIBOR, 0.96%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	JPMorgan Chase Bank N.A.		N/A	06/20/22		USD	2,048	$	(65,447	)	$	(312	)	$	(65,135	)
3-Month LIBOR, 0.96%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	06/20/22		USD	9,430		(358,282	)		—			(358,282	)
3-Month LIBOR, 0.96%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	06/20/22		USD	3,071		(100,867	)		(323	)		(100,544	)
3-Month LIBOR, 0.96%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	06/20/22		USD	3,507		(107,909	)		(428	)		(107,481	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	09/20/22		USD	6,125		(251,988	)		(135	)		(251,853	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	09/20/22		USD	3,546		(140,710	)		(83	)		(140,627	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	JPMorgan Chase Bank N.A.		N/A	12/20/22		USD	1,000		(39,491	)		(23	)		(39,468	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	12/20/22		USD	3,084		(123,370	)		(72	)		(123,298	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	12/20/22		USD	2,859		(122,924	)		(67	)		(122,857	)
1-Day SOFR, 0.33%	Monthly	Markit iBoxx $ Liquid High Yield Index	Quarterly	Morgan Stanley & Co. International PLC		N/A	12/20/22		USD	1,513		(43,152	)		(69	)		(43,083	)


											$	(1,354,140	)	$	(1,512	)	$	(1,352,628	)



	Level 1		Level 2		Level 3		Total

Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	3,261,220	$	—	$	3,261,220
Common Stocks
Auto Components		32,368		—		—		32,368
Building Products		27,821		—		—		27,821
Chemicals		3,185,790		—		—		3,185,790
Communications Equipment		377,893		—		—		377,893
Consumer Finance		43		—		—		43
Containers & Packaging		—		1,322,312		—		1,322,312
Diversified Financial Services		—		—		22,236		22,236
Diversified Telecommunication Services		47,423		—		—		47,423
Electrical Equipment		1,130,192		—		—		1,130,192
Equity Real Estate Investment Trusts (REITs)		9,766,988		—		—		9,766,988
Hotels, Restaurants & Leisure		1,067,013		—		—		1,067,013
IT Services		1,041,309		—		—		1,041,309
Life Sciences Tools & Services		3,983,821		—		—		3,983,821
Media		1,674,712		—		—		1,674,712
Metals & Mining		2,501,874		—		—		2,501,874
Oil, Gas & Consumable Fuels		25,321,266		—		—		25,321,266
Road & Rail		1,654,589		—		—		1,654,589
Semiconductors & Semiconductor Equipment		23,870		—		—		23,870
Software		1,664,240		—		—		1,664,240
Corporate Bonds
Aerospace & Defense		—		58,832,465		—		58,832,465
Airlines		190,804		34,591,158		—		34,781,962
Auto Components		—		28,712,540		—		28,712,540
Automobiles		—		30,201,682		—		30,201,682
Banks		—		9,393,995		—		9,393,995
Beverages		—		26,539,492		—		26,539,492
Biotechnology		—		546,610		—		546,610
Building Materials		—		14,937,603		—		14,937,603
Building Products		—		18,201,477		—		18,201,477




	Common Stocks		Floating Rate Loan Interests			Preferred Stocks			Total


Assets
Opening balance, as of December 31, 2021	$	22,236	$	15,655,042		$	12,823,367		$	28,500,645
Transfers into Level 3^(a)		—		22,009,190			—			22,009,190
Transfers out of Level 3^(b)		—		—			—			—
Accrued discounts/premiums		—		(27,501	)		—			(27,501	)
Net realized gain (loss)		—		1,598			—			1,598
Net change in unrealized appreciation (depreciation)^(c)		—		(495,037	)		(226,800	)		(721,837	)
Purchases		—		2,870,990			—			2,870,990
Sales		—		(693,507	)		—			(693,507	)


Closing balance, as of March 31, 2022	$	22,236	$	39,320,775		$	12,596,567		$	51,939,578


Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2022^(c)	$	—	$	(495,037	)	$	(226,800	)	$	(721,837	)


Currency Abbreviation

CAD		Canadian Dollar

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviation

CAB		Capital Appreciation Bonds

CDI		CREST Depository Interest

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

DIP		Debtor-In-Possession

ETF		Exchange-Traded Fund

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust

S&P		Standard & Poor’s

SOFR		Secured Overnight Financing Rate

SPDR		Standard & Poor’s Depository Receipt