BlackRock Credit Allocation Income Trust


Security	Par (000)		Value

Asset-Backed Securities
Allegro CLO II-S Ltd., Series 2014-1RA, Class B, (3 mo. LIBOR US + 2.15%), 2.37%, 10/21/28^(a)(b)	$	500	$	499,672
Allegro CLO VI Ltd.^(a)(b)
Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 1.72%, 01/17/31		360		360,351
Series 2017-2A, Class C, (3 mo. LIBOR US + 1.80%), 2.02%, 01/17/31		2,400		2,398,046
Allegro CLO X Ltd., Series 2019-1A, Class C, (3 mo. LIBOR US + 2.75%), 2.97%, 04/20/32^(a)(b)		500		500,059
ALM VII R Ltd.^(a)(b)
Series 2013-7R2A, Class A2R2, (3 mo. LIBOR US + 1.65%), 1.89%, 10/15/27		750		751,118
Series 2013-7R2A, Class BR2, (3 mo. LIBOR US + 2.20%), 2.44%, 10/15/27		400		399,271
American Airlines Group, Inc., 5.18%, 08/15/23^(c)		1,598		1,568,054
Anchorage Capital CLO Ltd.^(a)(b)
Series 2013-1A, Class BR, (3 mo. LIBOR US + 2.15%), 2.37%, 10/13/30		1,000		998,598
Series 2014-3RA, Class C, (3 mo. LIBOR US + 1.85%), 2.07%, 01/28/31		1,000		993,395
Anchorage Capital CLO R Ltd., Series 2014-3RA, Class D, (3 mo. LIBOR US + 2.60%), 2.82%, 01/28/31^(a)(b)		1,000		973,556
Apidos CLO XV, Series 2013-15A, Class DRR, (3 mo. LIBOR US + 2.70%), 2.92%, 04/20/31^(a)(b)		1,000		973,721
Apidos CLO XX, Series 2015-20A, Class BRR, (3 mo. LIBOR US + 1.95%), 2.17%, 07/16/31^(a)(b)		1,000		1,000,251
Ares XLIX CLO Ltd., Series 2018-49A, Class D, (3 mo. LIBOR US + 3.00%), 3.22%, 07/22/30^(a)(b)		1,000		990,390
ARES XLVII CLO Ltd., Series 2018-47A, Class D, (3 mo. LIBOR US + 2.70%), 2.94%, 04/15/30^(a)(b)		1,500		1,460,010
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3 mo. LIBOR US + 1.80%), 2.02%, 07/20/30^(a)(b)		500		498,003
Ares XXXVII CLO Ltd.^(a)(b)
Series 2015-4A, Class A3R, (3 mo. LIBOR US + 1.50%), 1.74%, 10/15/30		1,000		996,949
Series 2015-4A, Class BR, (3 mo. LIBOR US + 1.80%), 2.04%, 10/15/30		1,750		1,747,146
Atlas Senior Loan Fund VII Ltd.^(a)(b)
Series 2016-7A, Class A1R, (3 mo. LIBOR US + 1.28%), 1.47%, 11/27/31		1,987		1,987,789
Series 2016-7A, Class B1R, (3 mo. LIBOR US + 1.80%), 1.99%, 11/27/31		550		550,150
Atlas Senior Loan Fund XII Ltd., Series 2018-12A, Class A1, (3 mo. LIBOR US + 1.18%), 1.40%, 10/24/31^(a)(b)		400		400,560
Atrium XV, Series 15A, Class C, (3 mo. LIBOR US + 2.20%), 2.42%, 01/23/31^(a)(b)		250		250,304
Benefit Street Partners Clo XII Ltd., Series 2017-12A, Class B, (3 mo. LIBOR US + 2.00%), 2.24%, 10/15/30^(a)(b)		1,000		999,001
Canyon CLO Ltd., Series 2020-3A, Class C, (3 mo. LIBOR US + 2.50%), 2.73%, 01/15/34^(a)(b)		500		502,192
CarVal CLO Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.89%), 3.11%, 07/16/31^(a)(b)		500		497,070
Cedar Funding VI CLO Ltd., Series 2016-6A, Class BR, (3 mo. LIBOR US + 1.60%), 1.82%, 10/20/28^(a)(b)		250		250,445


Security	Par (000)		Value

Asset-Backed Securities (continued)
Cent CLO Ltd., Series C17A, Class BR, (3 mo. LIBOR US + 1.85%), 2.06%, 04/30/31^(a)(b)	$	1,000	$	998,606
CIFC Funding II Ltd.^(a)(b)
Series 2013-2A, Class A3LR, (3 mo. LIBOR US + 1.95%), 2.18%, 10/18/30		1,000		998,767
Series 2013-2A, Class B1LR, (3 mo. LIBOR US + 3.05%), 3.28%, 10/18/30		1,000		978,360
CIFC Funding Ltd.^(a)(b)
Series 2014-4RA, Class A2, (3 mo. LIBOR US + 1.65%), 1.87%, 10/17/30		600		598,077
Series 2014-4RA, Class B, (3 mo. LIBOR US + 2.20%), 2.42%, 10/17/30		400		399,401
Series 2018-1A, Class C, (3 mo. LIBOR US + 1.75%), 1.97%, 04/18/31		1,000		1,001,226
Series 2018-1A, Class D, (3 mo. LIBOR US + 2.65%), 2.87%, 04/18/31		1,200		1,175,657
Elevation CLO Ltd., Series 2017-7A, Class C, (3 mo. LIBOR US + 1.90%), 2.14%, 07/15/30^(a)(b)		1,500		1,473,217
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3 mo. LIBOR US + 2.60%), 2.82%, 04/20/31^(a)(b)		1,000		980,355
Greenwood Park CLO Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.50%), 2.74%, 04/15/31^(a)(b)		1,000		968,444
Highbridge Loan Management Ltd.^(a)(b)
Series 12A-18, Class B, (3 mo. LIBOR US + 1.85%), 2.07%, 07/18/31		1,250		1,246,277
Series 4A-2014, Class A2R, (3 mo. LIBOR US + 1.50%), 1.72%, 01/28/30		650		647,645
Series 6A-2015, Class BR, (3 mo. LIBOR US + 1.75%), 1.95%, 02/05/31		1,500		1,500,876
Long Point Park CLO Ltd., Series 2017-1A, Class B, (3 mo. LIBOR US + 1.70%), 1.92%, 01/17/30^(a)(b)		1,000		998,554
Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, (3 mo. LIBOR US + 1.90%), 2.12%, 04/19/30^(a)(b)		1,000		998,694
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, (3 mo. LIBOR US + 2.20%), 2.41%, 01/27/26^(a)(b)		2,000		1,998,416
Madison Park Funding XXVII Ltd.^(a)(b)
Series 2018-27A, Class B, (3 mo. LIBOR US + 1.80%), 2.02%, 04/20/30		1,000		998,932
Series 2018-27A, Class C, (3 mo. LIBOR US + 2.60%), 2.82%, 04/20/30		1,000		964,047
Marble Point CLO XI Ltd., Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 1.72%, 12/18/30^(a)(b)		1,000		1,001,001
MP CLO III Ltd., Series 2013-1A, Class CR, (3 mo. LIBOR US + 2.00%), 2.22%, 10/20/30^(a)(b)		1,000		989,444
Neuberger Berman CLO XV, Series 2013-15A, Class CR, (3 mo. LIBOR US + 2.05%), 2.29%, 10/15/29^(a)(b)		1,000		997,931
Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class CR2, (3 mo. LIBOR US + 3.00%), 3.22%, 10/21/30^(a)(b)		2,700		2,660,624
Neuberger Berman CLO XXI Ltd.^(a)(b)
Series 2016-21A, Class CR, (3 mo. LIBOR US + 1.60%), 1.82%, 04/20/27		1,000		996,722
Series 2016-21A, Class DR, (3 mo. LIBOR US + 2.40%), 2.62%, 04/20/27		1,000		975,706


Security	Par (000)		Value

Asset-Backed Securities (continued)
Neuberger Berman CLO XXII Ltd.^(a)(b)
Series 2016-22A, Class BR, (3 mo. LIBOR US + 1.65%), 1.87%, 10/17/30	$	400	$	400,888
Series 2016-22A, Class CR, (3 mo. LIBOR US + 2.20%), 2.42%, 10/17/30		1,000		1,001,307
Neuberger Berman CLO XXIII Ltd., Series 2016-23A, Class CR, (3 mo. LIBOR US + 2.15%), 2.37%, 10/17/27^(a)(b)		500		499,188
Neuberger Berman Loan Advisers CLO Ltd.^(a)(b)
Series 2017-26A, Class A, (3 mo. LIBOR US + 1.17%), 1.39%, 10/18/30		2,000		2,000,565
Series 2017-26A, Class B, (3 mo. LIBOR US + 1.50%), 1.72%, 10/18/30		1,000		998,379
Series 2017-26A, Class C, (3 mo. LIBOR US + 1.75%), 1.97%, 10/18/30		1,500		1,497,699
Series 2018-27A, Class D, (3 mo. LIBOR US + 2.60%), 2.84%, 01/15/30		1,000		977,770
Oak Hill Credit Partners X-R Ltd., Series 2014-10RA, Class C, (3 mo. LIBOR US + 2.20%), 2.42%, 12/12/30^(a)(b)		300		300,323
OCP CLO Ltd.^(a)(b)
Series 2014-6A, Class BR, (3 mo. LIBOR US + 2.15%), 2.38%, 10/17/30		500		500,298
Series 2015-10A, Class CR, (3 mo. LIBOR US + 2.60%), 2.82%, 10/26/27		600		597,882
Series 2016-11A, Class BR, (3 mo. LIBOR US + 2.45%), 2.67%, 10/26/30		1,500		1,501,135
Series 2016-12A, Class BR, (3 mo. LIBOR US + 2.20%), 2.42%, 10/18/28		1,000		1,000,415
Series 2017-14A, Class B, (3 mo. LIBOR US + 1.95%), 2.13%, 11/20/30		1,000		999,714
Octagon Investment Partners 26 Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 2.85%), 3.09%, 07/15/30^(a)(b)		500		485,489
Octagon Investment Partners 34 Ltd., Series 2017-1A, Class B1, (3 mo. LIBOR US + 1.40%), 1.62%, 01/20/30^(a)(b)		1,000		999,977
Octagon Investment Partners Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 2.75%), 2.97%, 01/20/31^(a)(b)		1,000		969,451
Octagon Investment Partners XVII Ltd.^(a)(b)
Series 2013-1A, Class BR2, (3 mo. LIBOR US + 1.40%), 1.62%, 01/25/31		1,000		996,472
Series 2013-1A, Class CR2, (3 mo. LIBOR US + 1.70%), 1.92%, 01/25/31		1,000		998,971
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class CRR, (3 mo. LIBOR US + 1.90%), 2.12%, 01/22/30^(a)(b)		900		898,576
OHA Credit Partners XII Ltd., Series 2015-12A, Class DR, (3 mo. LIBOR US + 2.90%), 3.12%, 07/23/30^(a)(b)		600		594,596
OHA Loan Funding Ltd., Series 2015-1A, Class DR2, (3 mo. LIBOR US + 4.00%), 4.19%, 11/15/32^(a)(b)		1,000		1,006,477
OZLM XXI Ltd., Series 2017-21A, Class B, (3 mo. LIBOR US + 1.90%), 2.12%, 01/20/31^(a)(b)		1,800		1,801,066


Security	Par (000)		Value

Asset-Backed Securities (continued)
Palmer Square CLO Ltd.^(a)(b)
Series 2013-2A, Class A2RR, (3 mo. LIBOR US + 1.75%), 1.97%, 10/17/31	$	650	$	651,066
Series 2013-2A, Class BRR, (3 mo. LIBOR US + 2.20%), 2.42%, 10/17/31		750		750,796
Series 2013-2A, Class CRR, (3 mo. LIBOR US + 3.20%), 3.42%, 10/17/31		250		249,352
Series 2018-1A, Class A2, (3 mo. LIBOR US + 1.45%), 1.67%, 04/18/31		1,500		1,501,091
Series 2019-1A, Class C, (3 mo. LIBOR US + 3.75%), 3.94%, 11/14/32		1,000		1,005,410
Park Avenue Institutional Advisers CLO Ltd.,
Series 2019-1A, Class C, (3 mo. LIBOR US + 3.85%), 4.04%, 05/15/32^(a)(b)		1,500		1,500,369
Regatta VII Funding Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 2.75%), 2.94%, 12/20/28^(a)(b)		500		493,014
Regatta XVI Funding Ltd.^(a)(b)
Series 2019-2A, Class C, (3 mo. LIBOR US + 2.70%), 2.94%, 01/15/33		1,000		1,005,465
Series 2019-2A, Class D, (3 mo. LIBOR US + 3.90%), 4.14%, 01/15/33		1,000		1,008,079
Rockford Tower CLO Ltd.^(a)(b)
Series 2017-3A, Class A, (3 mo. LIBOR US + 1.19%), 1.41%, 10/20/30		2,000		2,000,501
Series 2017-3A, Class D, (3 mo. LIBOR US + 2.65%), 2.87%, 10/20/30		1,000		984,935
RR Ltd., Series 2018-5A, Class C, (3 mo. LIBOR US + 3.10%), 3.34%, 10/15/31^(a)(b)		650		650,077
Sound Point Clo XXI Ltd., Series 2018-3A, Class A1A, (3 mo. LIBOR US + 1.18%), 1.40%, 10/26/31^(a)(b)		1,400		1,400,582
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.60%), 2.84%, 01/15/30^(a)(b)		1,500		1,461,529
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3 mo. LIBOR US + 1.15%), 1.37%, 01/16/31^(a)(b)		2,500		2,500,084
TICP CLO IX Ltd., Series 2017-9A, Class A, (3 mo. LIBOR US + 1.14%), 1.36%, 01/20/31^(a)(b)		1,000		1,000,454
TICP CLO XIII Ltd., Series 2019-13A, Class D, (3 mo. LIBOR US + 3.45%), 3.69%, 07/15/32^(a)(b)		500		500,154
York CLO Ltd.^(a)(b)
Series 2014-1A, Class ARR, (3 mo. LIBOR US + 1.12%), 1.34%, 10/22/29		2,000		2,001,606
Series 2015-1A, Class CR, (3 mo. LIBOR US + 1.85%), 2.07%, 01/22/31		1,500		1,499,992
Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.60%), 2.82%, 01/22/31		1,800		1,732,901


Total Asset-Backed Securities — 6.6% (Cost: $94,072,896)				94,017,175



Security	Shares		Value

Common Stocks

Oil, Gas & Consumable Fuels — 0.0%
Extraction Oil & Gas, Inc., (Acquired 03/05/21, Cost: $142,029)^(d)		11,417	$	401,095


Total Common Stocks — 0.0% (Cost: $142,029)				401,095

	Par (000)

Corporate Bonds

Advertising Agencies — 0.2%
Interpublic Group of Cos., Inc., 5.40%, 10/01/48	$	2,215		2,728,321


Aerospace & Defense — 4.1%
Boeing Co., 5.15%, 05/01/30^(e)		6,775		7,803,076
Bombardier, Inc.^(b)8.75%, 12/01/21^(f)		1,794		1,882,211
5.75%, 03/15/22		280		291,900
6.00%, 10/15/22		5		5,000
6.13%, 01/15/23		1,425		1,483,781
7.50%, 12/01/24		442		441,447
7.50%, 03/15/25		114		112,148
7.88%, 04/15/27^(f)		747		732,575
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(b)		516		517,135
General Dynamics Corp., 4.25%, 04/01/50		1,260		1,505,555
General Electric Co., 3.63%, 05/01/30		2,340		2,519,395
Howmet Aerospace, Inc., 5.13%, 10/01/24		45		49,496
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(b)		1,010		1,061,126
Lockheed Martin Corp., 2.80%, 06/15/50		1,965		1,853,285
Moog, Inc., 4.25%, 12/15/27^(b)		320		326,400
Northrop Grumman Corp. 4.03%, 10/15/47		2,400		2,669,141
5.25%, 05/01/50		3,050		3,952,525
Raytheon Technologies Corp. 4.63%, 11/16/48		2,805		3,355,962
3.13%, 07/01/50		3,545		3,434,004
Rolls-Royce PLC, 5.75%, 10/15/27^(b)		1,333		1,418,379
Signature Aviation US Holdings, Inc.^(b)5.38%, 05/01/26		441		449,820
4.00%, 03/01/28		541		550,154
TransDigm, Inc. 8.00%, 12/15/25^(b)		1,596		1,738,044
6.25%, 03/15/26^(b)(f)		15,876		16,831,735
6.38%, 06/15/26		448		463,120
4.63%, 01/15/29^(b)		593		584,728
Triumph Group, Inc., 8.88%, 06/01/24^(b)		2,033		2,287,532

				58,319,674

Airlines — 1.7%
American Airlines Group, Inc., 5.18%, 10/15/23^(c)		1,833		1,780,786
American Airlines, Inc., 11.75%, 07/15/25^(b)		655		810,228
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b)5.50%, 04/20/26		869		904,360
5.75%, 04/20/29		1,686		1,793,498
British Airways Pass Through Trust, Series 2020-1, Class A, 4.25%, 05/15/34^(b)		3,212		3,365,130
Delta Air Lines Pass-Through Trust, Series 02G1, 6.72%, 07/02/24^(e)		1,094		1,118,691


Security	Par (000)		Value

Airlines (continued)
Delta Air Lines, Inc., 7.00%, 05/01/25^(b)	$	174	$	200,441
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)		531		564,241
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)		2,480		2,718,700
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 09/15/28^(b)		1,973		1,772,857
United Airlines Pass-Through Trust Series 2020-1, Class A, 5.88%, 10/15/27^(e)		6,625		7,344,955
Series B, 4.75%, 10/11/23^(f)		2,102		2,134,637

				24,508,524

Auto Components — 1.2%
BorgWarner, Inc., 2.65%, 07/01/27		2,710		2,813,900
Clarios Global LP, 6.75%, 05/15/25^(b)		552		590,475
Clarios Global LP/Clarios US Finance Co.^(b)6.25%, 05/15/26^(f)		5,334		5,664,921
8.50%, 05/15/27^(e)		6,515		7,011,769
GoodYear Tire + Rubber Co., 5.63%, 04/30/33		663		663,000

				16,744,065

Automobiles — 3.0%
Allison Transmission, Inc.^(b)5.88%, 06/01/29		855		934,793
3.75%, 01/30/31		605		586,094
Asbury Automotive Group, Inc. 4.50%, 03/01/28		197		201,513
4.75%, 03/01/30		191		197,303
Carvana Co., 5.50%, 04/15/27^(b)		602		605,161
Ford Motor Co., 7.45%, 07/16/31^(f)		3,660		4,614,638
Ford Motor Credit Co. LLC 5.88%, 08/02/21^(f)		9,420		9,546,699
4.69%, 06/09/25		200		212,265
5.13%, 06/16/25		1,070		1,155,600
3.38%, 11/13/25		207		210,519
2.90%, 02/16/28		627		602,390
General Motors Co. 4.88%, 10/02/23		1,875		2,052,661
6.25%, 10/02/43		940		1,203,845
5.95%, 04/01/49^(f)		3,455		4,384,109
General Motors Financial Co., Inc. 4.25%, 05/15/23		931		994,898
2.75%, 06/20/25^(f)		4,235		4,420,930
Group 1 Automotive, Inc., 4.00%, 08/15/28^(b)		78		77,513
Nissan Motor Co. Ltd., 4.81%, 09/17/30^(b)(f)		7,125		7,814,602
Penske Automotive Group, Inc. 3.50%, 09/01/25		441		450,556
5.50%, 05/15/26		1,160		1,193,698
Tesla, Inc., 5.30%, 08/15/25^(b)		785		814,516

				42,274,303

Banks — 2.8%
Australia & New Zealand Banking Group Ltd., (5 year CMT + 1.70%), 2.57%, 11/25/35^(a)(b)(f)		5,445		5,117,973
CIT Group, Inc., 5.00%, 08/01/23		370		401,450
Credit Suisse AG, 6.50%, 08/08/23^(b)(f)		6,000		6,598,500
Fifth Third Bancorp, Series H, (3 mo. LIBOR US + 3.03%), 5.10%^(a)(g)		5,000		5,063,860
Intesa Sanpaolo SpA, 5.71%, 01/15/26^(b)(f)		9,840		11,028,572
Santander Holdings USA, Inc., 4.40%, 07/13/27		830		923,268


Security	Par (000)		Value

Banks (continued)
Truist Financial Corp., Series L, (3 mo. LIBOR US + 3.10%), 5.05%^(a)(g)	$	5,270	$	5,342,462
Wells Fargo & Co., 5.61%, 01/15/44^(f)		4,119		5,298,496

				39,774,581

Beverages — 2.3%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(f)		6,170		7,370,336
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49^(f)		5,000		6,452,050
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(h)		3,048		3,200,400
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/29^(b)		1,874		1,870,945
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(b)5.25%, 04/30/25		472		496,065
4.13%, 08/15/26		1,315		1,347,520
5.25%, 08/15/27		1,662		1,695,373
Ball Corp., 5.25%, 07/01/25		30		33,900
Canpack SA/Eastern PA Land Investment Holding LLC, 3.13%, 11/01/25^(b)		228		231,206
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26		151		181,766
Keurig Dr. Pepper, Inc., 4.60%, 05/25/28^(f)		3,215		3,713,677
Trivium Packaging Finance BV^(b)(f)5.50%, 08/15/26		2,830		2,967,963
8.50%, 08/15/27		3,036		3,294,667

				32,855,868

Biotechnology — 0.5%
Baxalta, Inc., 5.25%, 06/23/45^(f)		6,000		7,735,970


Building Materials^(b)— 0.3%
CP Atlas Buyer, Inc., 7.00%, 12/01/28		361		379,429
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25		783		841,725
Jeld-Wen, Inc. 4.63%, 12/15/25		96		97,200
4.88%, 12/15/27		74		76,520
Masonite International Corp. 5.75%, 09/15/26		282		293,280
5.38%, 02/01/28		206		218,618
SRM Escrow Issuer LLC, 6.00%, 11/01/28		1,032		1,081,536
Standard Industries, Inc. 5.00%, 02/15/27		303		315,877
4.38%, 07/15/30		906		914,154
3.38%, 01/15/31		265		251,088
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29		386		402,887

				4,872,314

Building Products^(b)— 0.2%
LBM Acquisition LLC, 6.25%, 01/15/29		705		726,150
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26		576		594,720
SRS Distribution, Inc., 8.25%, 07/01/26		674		706,858
White Cap Buyer LLC, 6.88%, 10/15/28		1,377		1,461,947

				3,489,675


Security	Par (000)		Value

Capital Markets — 1.3%
Charles Schwab Corp.^(a)(g)(5 year CMT + 3.17%), 4.00%	$	2,000	$	2,029,600
Series H, (10 year CMT + 3.08%), 4.00%^(e)		5,215		5,126,345
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)		532		557,765
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 4.75%, 09/15/24		520		539,986
6.38%, 12/15/25		316		326,270
6.25%, 05/15/26		782		819,145
5.25%, 05/15/27		1,995		2,059,838
4.38%, 02/01/29^(b)		435		425,086
Jefferies Financial Group, Inc., 5.50%, 10/18/23^(f)		4,000		4,343,351
NFP Corp., 6.88%, 08/15/28^(b)		589		611,088
RP Escrow Issuer LLC, 5.25%, 12/15/25^(b)		340		352,325
State Street Corp., (SOFR + 2.65%), 3.15%, 03/30/31^(a)		840		890,514

				18,081,313

Chemicals — 2.3%
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)		760		741,152
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)		372		388,852
DuPont de Nemours, Inc., 5.42%, 11/15/48^(f)		7,500		9,667,943
Element Solutions, Inc., 3.88%, 09/01/28^(b)		2,777		2,740,204
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(b)		299		307,581
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)		203		228,436
Ingevity Corp., 3.88%, 11/01/28^(b)		100		97,000
LYB Finance Co. BV, 8.10%, 03/15/27^(b)(f)		6,000		7,941,924
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)		240		250,800
Nutrition & Biosciences, Inc., 3.47%, 12/01/50^(b)		4,765		4,670,466
Scotts Miracle-Gro Co., 4.00%, 04/01/31^(b)		547		539,342
Valvoline, Inc., 3.63%, 06/15/31^(b)		3		2,903
WESCO Distribution, Inc.^(b)7.13%, 06/15/25		1,485		1,623,847
7.25%, 06/15/28		1,354		1,511,599
WR Grace & Co-Conn, 5.63%, 10/01/24^(b)		1,493		1,638,567

				32,350,616

Commercial Services & Supplies — 0.8%
ADT Security Corp. 4.13%, 06/15/23		174		180,743
4.88%, 07/15/32^(b)		1,061		1,078,241
AerCap Global Aviation Trust, (3 mo. LIBOR US + 4.30%), 6.50%, 06/15/45^(a)(b)		5,000		5,212,500
ASGN, Inc., 4.63%, 05/15/28^(b)		230		237,286
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/29^(b)		223		230,677
Fortress Transportation & Infrastructure Investors LLC, 6.50%, 10/01/25^(b)		163		170,335
Herc Holdings, Inc., 5.50%, 07/15/27^(b)		796		847,103
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)(i)		635		651,383
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)5.75%, 04/15/26		252		272,677
3.38%, 08/31/27		261		253,170
6.25%, 01/15/28		626		651,660
United Rentals North America, Inc. 3.88%, 11/15/27		306		317,093


Security	Par (000)		Value

Commercial Services & Supplies (continued)
United Rentals North America, Inc. (continued) 4.88%, 01/15/28	$	777	$	818,468
5.25%, 01/15/30		44		47,753

				10,969,089

Communications Equipment — 0.6%
Avaya, Inc., 6.13%, 09/15/28^(b)		1,396		1,481,945
CommScope Technologies LLC^(b)6.00%, 06/15/25		646		658,952
5.00%, 03/15/27		1,035		1,025,302
CommScope, Inc.^(b)5.50%, 03/01/24		1,114		1,148,813
6.00%, 03/01/26		972		1,024,182
8.25%, 03/01/27		69		73,830
7.13%, 07/01/28		690		732,835
Nokia OYJ, 6.63%, 05/15/39		324		398,701
ViaSat, Inc.^(b)5.63%, 04/15/27		1,208		1,267,089
6.50%, 07/15/28		1,296		1,364,766

				9,176,415

Construction & Engineering — 0.0%
frontdoor, Inc., 6.75%, 08/15/26^(b)		272		289,340


Construction Materials^(b)— 0.5%
American Builders & Contractors Supply Co., Inc. 5.88%, 05/15/26		101		104,301
4.00%, 01/15/28		764		764,000
Core & Main LP, 6.13%, 08/15/25		2,671		2,741,354
H&E Equipment Services, Inc., 3.88%, 12/15/28		280		272,300
IAA, Inc., 5.50%, 06/15/27		1,054		1,105,382
Picasso Finance Sub, Inc., 6.13%, 06/15/25		914		971,125
Williams Scotsman International, Inc., 4.63%, 08/15/28.		541		551,144
Wolverine Escrow LLC 8.50%, 11/15/24		430		428,925
9.00%, 11/15/26		246		245,766

				7,184,297

Consumer Discretionary^(b)— 0.5%
Carnival Corp. 5.75%, 03/01/27		2,422		2,485,577
9.88%, 08/01/27		434		510,987
NCL Finance Ltd., 6.13%, 03/15/28		1,114		1,134,888
Nielsen Finance LLC/Nielsen Finance Co. 5.63%, 10/01/28		768		807,360
5.88%, 10/01/30		444		481,185
Royal Caribbean Cruises Ltd., 5.50%, 04/01/28		994		998,970
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29		287		289,956

				6,708,923

Consumer Finance — 1.0%
Global Payments, Inc., 2.90%, 05/15/30		4,715		4,813,245
MPH Acquisition Holdings LLC, 5.75%, 11/01/28^(b)		1,630		1,589,250
Navient Corp. 7.25%, 09/25/23		498		539,002
6.13%, 03/25/24		59		62,466
5.00%, 03/15/27		329		329,822
OneMain Finance Corp. 7.13%, 03/15/26		1,231		1,419,774
6.63%, 01/15/28		506		573,455
5.38%, 11/15/29		26		27,658


Security	Par (000)		Value

Consumer Finance (continued)
Sabre GLBL, Inc., 9.25%, 04/15/25^(b)	$	697	$	831,172
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)		287		297,762
Verscend Escrow Corp., 9.75%, 08/15/26^(b)		3,791		4,064,786

			14,548,392

Containers & Packaging — 1.7%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26		224		238,000
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26		355		368,135
Graphic Packaging International LLC, 3.50%, 03/01/29^(b)		264		256,740
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28^(b)		64		66,080
International Paper Co.^(f)8.70%, 06/15/38		4,000		6,270,561
7.30%, 11/15/39		10,000		14,944,126
LABL Escrow Issuer LLC^(b)6.75%, 07/15/26		742		794,867
10.50%, 07/15/27		311		346,330
Sealed Air Corp.^(b)4.00%, 12/01/27		109		111,589
6.88%, 07/15/33		182		223,956

				23,620,384

Diversified Consumer Services — 0.7%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)6.63%, 07/15/26^(f)		5,419		5,746,741
9.75%, 07/15/27^(f)		1,642		1,801,603
Ascend Learning LLC, 6.88%, 08/01/25		1,611		1,651,275
Garda World Security Corp., 9.50%, 11/01/27^(b)		413		457,137
Service Corp. International 5.13%, 06/01/29		468		502,258
3.38%, 08/15/30		585		570,989

				10,730,003

Diversified Financial Services — 5.8%
Ally Financial, Inc., 8.00%, 11/01/31		3,727		5,190,496
Barclays PLC 4.84%, 05/09/28^(f)		4,000		4,458,669
(3 mo. LIBOR US + 1.90%), 4.97%, 05/16/29^(a)		3,220		3,702,487
BNP Paribas SA, (5 year CMT + 3.34%), 4.63%^(a)(b)(g).		13,999		13,911,506
Citigroup, Inc., 6.68%, 09/13/43^(f)		4,125		6,028,612
Credit Suisse Group AG, (5 year USD Swap + 4.60%), 7.50%^(a)(b)(g)		3,250		3,517,566
Deutsche Bank AG^(a)
(SOFR + 1.87%), 2.13%, 11/24/26		3,260		3,268,203
(SOFR + 2.76%), 3.73%, 01/14/32		1,955		1,895,633
Doric Nimrod Air Alpha Pass-Through Trust, Series 2013-1, Class A, 5.25%, 05/30/25^(b)		913		889,712
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(h)		326		312,239
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(b)5.25%, 03/15/22		480		483,600
4.25%, 02/01/27		178		175,330
Lloyds Banking Group PLC, 4.65%, 03/24/26^(f)		8,650		9,685,737


Security	Par (000)		Value

Diversified Financial Services (continued)
Natwest Group PLC 6.10%, 06/10/23	$	2,500	$	2,766,629
6.00%, 12/19/23^(f)		10,080		11,378,233
5.13%, 05/28/24^(f)		5,250		5,831,700
Spectrum Brands, Inc. 5.75%, 07/15/25		1,002		1,033,312
5.00%, 10/01/29^(b)		72		75,960
UBS Group AG, (5 year CMT + 3.31%), 4.38%^(a)(b)(g)		1,140		1,124,610
UniCredit SPA, (5 year CMT + 4.75%), 5.46%, 06/30/35^(a)(b)		6,135		6,502,709
United Wholesale Mortgage LLC, 5.50%, 04/15/29^(b)		339		339,000

				82,571,943

Diversified Telecommunication Services — 7.5%
AT&T, Inc. 4.65%, 06/01/44		28		31,539
4.35%, 06/15/45		95		103,888
3.50%, 09/15/53^(b)(f)		15,960		14,749,208
3.55%, 09/15/55^(b)		727		665,282
CenturyLink, Inc., Series S, 6.45%, 06/15/21		1,176		1,184,526
Cincinnati Bell, Inc.^(b)7.00%, 07/15/24		222		228,938
8.00%, 10/15/25		132		140,404
Consolidated Communications, Inc., 6.50%, 10/01/28^(b)		1,313		1,418,211
Frontier Communications Corp.^(b)5.88%, 10/15/27		1,001		1,061,060
5.00%, 05/01/28		1,372		1,397,217
6.75%, 05/01/29		1,279		1,348,961
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(b)		1,040		1,076,400
Level 3 Financing, Inc. 5.38%, 05/01/25		614		626,894
4.63%, 09/15/27^(b)		1,065		1,096,066
3.75%, 07/15/29^(b)		460		450,179
Lumen Technologies, Inc. 5.63%, 04/01/25^(f)		1,909		2,059,334
5.13%, 12/15/26^(b)		1,574		1,658,020
4.00%, 02/15/27^(b)		890		909,073
4.50%, 01/15/29^(b)		1,022		996,757
Series P, 7.60%, 09/15/39		168		192,360
Series U, 7.65%, 03/15/42		494		561,925
Series Y, 7.50%, 04/01/24^(f)		564		632,159
Sprint Capital Corp. 6.88%, 11/15/28		2,646		3,336,527
8.75%, 03/15/32		1,642		2,428,107
Switch Ltd., 3.75%, 09/15/28^(b)		821		808,455
Telecom Italia Capital SA 6.38%, 11/15/33		442		520,261
6.00%, 09/30/34		818		927,735
7.20%, 07/18/36		186		234,738
7.72%, 06/04/38		319		425,466
Telecom Italia SpA, 5.30%, 05/30/24^(b)		1,662		1,800,071
Telefonica Emisiones SAU, 5.21%, 03/08/47		5,000		5,846,404
Verizon Communications, Inc.^(f)5.15%, 09/15/23		8,775		9,732,417
6.40%, 09/15/33		9,475		12,548,423
6.55%, 09/15/43		13,225		19,546,976
5.01%, 04/15/49		6,998		8,637,712


Security	Par (000)		Value

Diversified Telecommunication Services (continued)
Zayo Group Holdings, Inc.^(b)4.00%, 03/01/27	$	4,893	$	4,807,372
6.13%, 03/01/28		2,586		2,653,882

				106,842,947

Electric Utilities — 4.1%
Edison International, (5 year CMT + 4.70%), 5.38%^(a)(g)		6,851		6,945,544
Emera, Inc., Series 16-A, (3 mo. LIBOR US + 5.44%), 6.75%, 06/15/76^(a)(e)		7,500		8,523,825
FirstEnergy Corp. 2.65%, 03/01/30		55		52,302
Series B, 4.40%, 07/15/27		376		404,200
Series B, 2.25%, 09/01/30		46		42,665
Series C, 5.35%, 07/15/47		1,110		1,246,721
Series C, 3.40%, 03/01/50		261		228,375
FirstEnergy Transmission LLC^(b)5.45%, 07/15/44		785		906,958
4.55%, 04/01/49		367		387,021
NextEra Energy Capital Holdings, Inc., (3 mo. LIBOR US + 2.41%), 4.80%, 12/01/77^(a)		5,000		5,408,014
NextEra Energy Operating Partners LP^(b)4.25%, 07/15/24		712		749,380
4.25%, 09/15/24		26		27,430
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42		2,750		3,546,741
Pacific Gas and Electric Co., 4.20%, 06/01/41		2,310		2,298,491
PG&E Corp., 5.25%, 07/01/30		563		596,780
Pike Corp., 5.50%, 09/01/28^(b)		374		380,545
Progress Energy, Inc., 7.00%, 10/30/31^(f)		12,000		16,024,859
Puget Energy, Inc. 6.00%, 09/01/21		275		281,061
5.63%, 07/15/22^(f)		5,550		5,838,438
Sempra Energy, (5 year CMT + 4.55%), 4.88%^(a)(g)		4,375		4,681,250

				58,570,600

Electrical Equipment^(b)— 0.1%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26		714		747,915
GrafTech Finance, Inc., 4.63%, 12/15/28		296		298,220

				1,046,135

Electronic Equipment, Instruments & Components — 0.2%
BWX Technologies, Inc.^(b)5.38%, 07/15/26		737		760,952
4.13%, 04/15/29⁽ⁱ⁾		120		121,650
CDW LLC/CDW Finance Corp. 4.13%, 05/01/25		371		385,840
3.25%, 02/15/29		715		706,062
Energizer Holdings, Inc.^(b)4.75%, 06/15/28		450		464,063
4.38%, 03/31/29		41		41,144

				2,479,711

Energy Equipment & Services — 0.3%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)6.88%, 04/01/27		515		536,888
6.25%, 04/01/28		607		616,591
TechnipFMC PLC, 6.50%, 02/01/26^(b)		685		716,744
USA Compression Partners LP/USA Compression Finance Corp. 6.88%, 04/01/26		655		671,784
6.88%, 09/01/27		1,216		1,252,480

				3,794,487


Security	Par (000)		Value

Environmental, Maintenance, & Security Service — 0.5%
Clean Harbors, Inc., 5.13%, 07/15/29^(b)	$	1,278	$	1,356,763
Covanta Holding Corp., 5.00%, 09/01/30		309		312,090
GFL Environmental, Inc.^(b)3.75%, 08/01/25		587		595,805
5.13%, 12/15/26^(f)		1,887		1,988,426
8.50%, 05/01/27^(f)		562		618,903
4.00%, 08/01/28		199		192,533
3.50%, 09/01/28		504		488,880
Tervita Corp., 11.00%, 12/01/25^(b)		302		342,770
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)		1,010		1,033,987

				6,930,157

Equity Real Estate Investment Trusts (REITs) — 1.5%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(b)		383		394,299
Crown Castle International Corp., 3.30%, 07/01/30		1,220		1,277,030
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)		364		354,800
Host Hotels & Resorts LP, Series D, 3.75%, 10/15/23^(f).		3,600		3,809,732
Iron Mountain, Inc.^(b)4.88%, 09/15/27		606		620,014
5.25%, 07/15/30		486		501,455
5.63%, 07/15/32		778		813,010
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc. 5.63%, 05/01/24		4,627		4,966,475
4.63%, 06/15/25^(b)		755		796,298
4.50%, 09/01/26		1,658		1,735,246
4.50%, 01/15/28		430		444,921
3.88%, 02/15/29^(b)		697		694,299
MPT Operating Partnership LP/MPT Finance Corp. 5.00%, 10/15/27		178		187,257
4.63%, 08/01/29		847		891,069
3.50%, 03/15/31		2,380		2,335,542
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27		1,500		1,535,430

				21,356,877

Food & Staples Retailing — 1.9%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 5.75%, 03/15/25		49		50,602
3.25%, 03/15/26^(b)		1,296		1,291,036
4.63%, 01/15/27^(b)		1,885		1,953,699
5.88%, 02/15/28^(b)		928		989,480
4.88%, 02/15/30^(b)		142		145,976
General Mills, Inc. 4.20%, 04/17/28		620		700,246
2.88%, 04/15/30		725		748,459
Kraft Heinz Foods Co. 4.25%, 03/01/31		1,341		1,476,356
5.00%, 07/15/35		297		341,832
7.13%, 08/01/39^(b)		4,415		6,162,164
4.63%, 10/01/39		100		108,041
5.00%, 06/04/42		12		13,505
5.20%, 07/15/45		9		10,409
4.38%, 06/01/46		226		236,253
4.88%, 10/01/49		248		278,160
5.50%, 06/01/50		2,751		3,367,779
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(b)		634		684,593


Security	Par (000)		Value

Food & Staples Retailing (continued)
Post Holdings, Inc.^(b)5.63%, 01/15/28	$	428	$	450,355
4.63%, 04/15/30		596		597,490
4.50%, 09/15/31		420		415,380
U.S. Foods, Inc., 4.75%, 02/15/29^(b)		642		642,000
Walmart, Inc., 5.25%, 09/01/35^(f)		5,150		6,754,478

				27,418,293

Food Products^(b)— 0.5%
Aramark Services, Inc. 5.00%, 04/01/25		1,367		1,399,466
6.38%, 05/01/25		1,038		1,100,280
5.00%, 02/01/28		929		964,070
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25		246		256,074
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28		399		435,908
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29		1,826		2,062,467
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29		624		629,472

				6,847,737

Gas Utilities — 0.0%
Superior Plus LP/Superior General Partner, Inc., 4.50%, 03/15/29^(b)		280		282,856


Health Care Equipment & Supplies — 0.2%
Avantor Funding, Inc., 4.63%, 07/15/28^(b)		2,351		2,455,290
Hologic, Inc., 3.25%, 02/15/29^(b)		90		88,875
Medtronic, Inc., 4.63%, 03/15/45^(f)		647		815,916
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 7.25%, 02/01/28^(b)		142		155,584

				3,515,665

Health Care Providers & Services — 4.7%
Aetna, Inc., 3.88%, 08/15/47		3,500		3,663,806
AHP Health Partners, Inc., 9.75%, 07/15/26^(b)		860		932,025
Anthem, Inc., 4.55%, 03/01/48^(f)		5,000		5,896,323
Centene Corp. 4.25%, 12/15/27		1,849		1,944,919
4.63%, 12/15/29		3,232		3,498,010
3.00%, 10/15/30		1,111		1,109,156
2.50%, 03/01/31		1,742		1,663,645
CHS/Community Health Systems, Inc.^(b)8.13%, 06/30/24		304		318,911
6.63%, 02/15/25		2,540		2,681,300
8.00%, 03/15/26		1,573		1,700,885
5.63%, 03/15/27		1,268		1,328,230
6.00%, 01/15/29		957		1,012,027
DaVita, Inc., 4.63%, 06/01/30^(b)		321		327,054
Encompass Health Corp., 4.75%, 02/01/30		677		696,431
HCA, Inc. 5.38%, 09/01/26		665		749,787
5.63%, 09/01/28		1,297		1,491,550
5.88%, 02/01/29		312		363,480
3.50%, 09/01/30		1,428		1,440,095
5.25%, 06/15/49		3,500		4,282,841
Legacy LifePoint Health LLC^(b)6.75%, 04/15/25		409		434,563
4.38%, 02/15/27		491		481,180
LifePoint Health, Inc., 5.38%, 01/15/29^(b)		479		471,815


Security	Par (000)		Value

Health Care Providers & Services (continued)
ModivCare, Inc., 5.88%, 11/15/25^(b)	$	152	$	159,980
Molina Healthcare, Inc.^(b)4.38%, 06/15/28		795		818,023
3.88%, 11/15/30		710		730,413
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(b)		146		155,855
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)		72		77,940
Surgery Center Holdings, Inc.^(b)6.75%, 07/01/25		375		383,325
10.00%, 04/15/27		972		1,071,630
Teleflex, Inc., 4.25%, 06/01/28^(b)		748		775,115
Tenet Healthcare Corp. 4.63%, 07/15/24		1,145		1,168,690
4.63%, 09/01/24^(b)		882		907,357
7.50%, 04/01/25^(b)		367		396,239
4.88%, 01/01/26^(b)(f)		4,187		4,353,475
6.25%, 02/01/27^(b)		297		313,592
5.13%, 11/01/27^(b)		2,318		2,423,933
4.63%, 06/15/28^(b)		37		37,924
6.13%, 10/01/28^(b)		940		981,125
UnitedHealth Group, Inc., 6.88%, 02/15/38^(f)		10,000		15,064,344

				66,306,993

Health Care Technology^(b)— 0.4%
Catalent Pharma Solutions, Inc., 5.00%, 07/15/27		733		767,817
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25		650		662,577
Charles River Laboratories International, Inc. 4.25%, 05/01/28		324		333,720
4.00%, 03/15/31		204		207,376
IQVIA, Inc. 5.00%, 10/15/26		554		575,468
5.00%, 05/15/27		1,192		1,258,508
Mednax, Inc., 6.25%, 01/15/27		426		455,522
Syneos Health, Inc., 3.63%, 01/15/29		1,446		1,406,235

				5,667,223

Hotels, Restaurants & Leisure — 2.4%
1011778 BC ULC/New Red Finance, Inc.^(b)5.75%, 04/15/25		552		586,500
3.88%, 01/15/28		1,040		1,051,170
4.38%, 01/15/28		2,509		2,520,842
Boyd Gaming Corp. 8.63%, 06/01/25^(b)		169		187,928
6.38%, 04/01/26		505		521,413
6.00%, 08/15/26		330		343,588
4.75%, 12/01/27		393		400,557
Caesars Entertainment, Inc.^(b)6.25%, 07/01/25		3,215		3,427,238
8.13%, 07/01/27		2,439		2,689,595
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(b)		1,048		1,105,954
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(b)		1,111		1,169,372
Churchill Downs, Inc.^(b)5.50%, 04/01/27		2,042		2,134,298
4.75%, 01/15/28		282		291,654
Golden Nugget, Inc., 6.75%, 10/15/24^(b)		1,269		1,283,175
Hilton Domestic Operating Co., Inc. 5.38%, 05/01/25^(b)		319		336,226


Security	Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Hilton Domestic Operating Co., Inc. (continued) 5.75%, 05/01/28^(b)	$	451	$	485,398
4.88%, 01/15/30		1,288		1,366,310
4.00%, 05/01/31^(b)		285		285,000
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.25%, 06/01/26^(b)		399		411,201
Las Vegas Sands Corp. 3.50%, 08/18/26		96		100,098
3.90%, 08/08/29		88		90,429
Marriott International, Inc., Series EE, 5.75%, 05/01/25 .		1,295		1,486,003
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26		186		194,254
McDonald’s Corp., 4.20%, 04/01/50^(f)		480		545,160
MGM Resorts International 7.75%, 03/15/22		1,059		1,115,551
6.00%, 03/15/23		1,335		1,430,119
Scientific Games International, Inc.^(b)8.63%, 07/01/25		442		480,542
5.00%, 10/15/25		270		279,639
8.25%, 03/15/26		2,063		2,212,568
7.00%, 05/15/28		451		481,943
7.25%, 11/15/29		218		236,530
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)		1,648		1,781,900
Vail Resorts, Inc., 6.25%, 05/15/25^(b)		341		363,591
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)		602		630,372
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/29^(b)		1,386		1,418,571
Yum! Brands, Inc. 7.75%, 04/01/25^(b)		802		877,188
4.75%, 01/15/30^(b)		135		142,736
3.63%, 03/15/31		134		128,808

				34,593,421

Household Durables — 0.5%
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.88%, 02/15/30^(b)		770		770,477
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)		507		543,757
Lennar Corp. 4.75%, 11/15/22		1,605		1,683,244
4.75%, 05/30/25		2		2,228
5.25%, 06/01/26		890		1,020,857
Mattamy Group Corp., 4.63%, 03/01/30^(b)		524		520,479
NCR Corp.^(b)5.75%, 09/01/27		512		541,760
5.00%, 10/01/28		241		243,410
5.13%, 04/15/29⁽ⁱ⁾		289		291,169
6.13%, 09/01/29		175		185,281
5.25%, 10/01/30		245		248,093
PulteGroup, Inc. 5.00%, 01/15/27		55		63,250
7.88%, 06/15/32		56		78,788
Tempur Sealy International, Inc., 4.00%, 04/15/29^(b)		645		641,775
Toll Brothers Finance Corp., 4.35%, 02/15/28		35		37,844

				6,872,412

Household Products — 0.0%
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., 5.00%, 12/31/26^(b)		157		157,000


Security	Par (000)		Value

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Corp.^(b)5.25%, 06/01/26	$	906	$	931,594
4.50%, 02/15/28		1,057		1,065,879
5.13%, 03/15/28		3,279		3,294,247
4.63%, 02/01/29		195		189,987
5.00%, 02/01/31		125		122,000
Clearway Energy Operating LLC, 4.75%, 03/15/28^(b)		630		655,446
NRG Energy, Inc. 6.63%, 01/15/27		2,029		2,110,160
5.75%, 01/15/28		52		55,250
5.25%, 06/15/29^(b)		960		1,027,200
3.63%, 02/15/31^(b)		560		546,000
TerraForm Power Operating LLC^(b)4.25%, 01/31/23		214		220,955
5.00%, 01/31/28		231		249,261
4.75%, 01/15/30		127		131,865

				10,599,844

Insurance — 4.2%
Alliant Holdings Intermediate LLC/Alliant Holdings Co- Issuer, 6.75%, 10/15/27^(b)		2,837		3,019,618
Allstate Corp., Series B, (3 mo. LIBOR US + 2.94%), 5.75%, 08/15/53^(a)		5,000		5,287,500
American International Group, Inc., (3 mo. LIBOR US + 4.20%), 8.18%, 05/15/68^(a)		3,755		5,211,278
AmWINS Group, Inc., 7.75%, 07/01/26^(b)		167		178,690
Aon PLC, 4.25%, 12/12/42^(f)		6,500		7,115,166
AssuredPartners, Inc., 5.63%, 01/15/29^(b)		581		592,039
Farmers Exchange Capital II, (3 mo. LIBOR US + 3.74%), 6.15%, 11/01/53^(a)(b)		4,890		6,180,304
Global Atlantic Fin Co., 8.63%, 04/15/21^(b)(f)		3,400		3,407,537
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)		100		107,375
HUB International Ltd., 7.00%, 05/01/26^(b)		1,724		1,790,219
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40^(b)(f)		12,000		16,247,606
Principal Financial Group, Inc., (3 mo. LIBOR US + 3.04%), 3.24%, 05/15/55^(a)		5,000		4,912,500
Progressive Corp., Series B, (3 mo. LIBOR US + 2.54%), 5.38%^(a)(g)		5,000		5,201,500

				59,251,332

Interactive Media & Services — 0.5%
Cablevision Lightpath LLC^(b)3.88%, 09/15/27		368		364,320
5.63%, 09/15/28		540		547,938
Netflix, Inc. 3.63%, 06/15/25^(b)		210		223,823
5.88%, 11/15/28		1,698		2,053,847
6.38%, 05/15/29		72		89,280
5.38%, 11/15/29^(b)		2,007		2,373,378
4.88%, 06/15/30^(b)		461		530,860
Twitter, Inc., 3.88%, 12/15/27^(b)		497		521,100

				6,704,546

Internet Software & Services — 1.3%
Booking Holdings, Inc. 3.55%, 03/15/28		3,375		3,685,906
4.63%, 04/13/30		2,185		2,545,210
Expedia Group, Inc., 6.25%, 05/01/25^(b)(f)		5,550		6,419,751
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(b)5.25%, 12/01/27		370		391,275
3.50%, 03/01/29		265		260,363


Security	Par (000)		Value

Internet Software & Services (continued)
Match Group Holdings II LLC, 4.13%, 08/01/30^(b)	$	383	$	384,076
Uber Technologies, Inc.^(b)7.50%, 05/15/25		2,018		2,177,765
8.00%, 11/01/26		481		520,682
7.50%, 09/15/27		1,892		2,089,867
6.25%, 01/15/28		440		479,248

				18,954,143

IT Services — 1.1%
Banff Merger Sub, Inc., 9.75%, 09/01/26^(b)		2,178		2,319,570
Booz Allen Hamilton, Inc., 3.88%, 09/01/28^(b)		735		738,859
Camelot Finance SA, 4.50%, 11/01/26^(b)		1,254		1,296,536
Dun & Bradstreet Corp.^(b)6.88%, 08/15/26		1,210		1,291,917
10.25%, 02/15/27		822		917,557
Fidelity National Information Services, Inc., 5.00%, 10/15/25		538		623,445
Gartner, Inc.^(b)4.50%, 07/01/28		587		605,344
3.75%, 10/01/30		895		887,598
Leidos, Inc., 4.38%, 05/15/30^(b)		2,215		2,462,282
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)		303		310,581
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(b)		920		935,479
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(b)		2,026		2,070,319
Twilio, Inc., 3.88%, 03/15/31		266		271,682
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)		551		540,382

				15,271,551

Leisure Products — 0.2%
Mattel, Inc. 6.75%, 12/31/25^(b)(f)		773		812,771
5.88%, 12/15/27^(b)		503		552,203
3.75%, 04/01/29^(b)		213		214,331
6.20%, 10/01/40		227		266,158
5.45%, 11/01/41		353		385,652

				2,231,115

Machinery^(b)— 0.5%
Colfax Corp. 6.00%, 02/15/24		734		756,754
6.38%, 02/15/26		671		713,776
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(h)		74		80,475
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25		878		895,823
Terex Corp., 5.00%, 05/15/29⁽ⁱ⁾		618		639,754
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26		1,307		1,357,581
Vertical Holdco GmbH, 7.63%, 07/15/28		664		713,966
Vertical US Newco, Inc., 5.25%, 07/15/27		1,547		1,619,516

				6,777,645

Media — 8.8%
Altice Financing SA^(b)7.50%, 05/15/26		2,172		2,269,740
5.00%, 01/15/28		863		852,156
Altice France Holding SA^(b)10.50%, 05/15/27		4,955		5,572,988
6.00%, 02/15/28		734		723,203
AMC Networks, Inc., 4.25%, 02/15/29		263		255,768


Security	Par (000)		Value

Media (continued)
Cable One, Inc., 4.00%, 11/15/30^(b)	$	246	$	243,343
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)5.13%, 05/01/27^(f)		3,132		3,311,511
5.00%, 02/01/28		162		171,339
5.38%, 06/01/29		1,823		1,955,167
4.75%, 03/01/30		313		324,346
4.50%, 08/15/30		3,937		4,012,590
4.25%, 02/01/31		1,456		1,459,232
4.50%, 05/01/32		1,582		1,601,775
Charter Communications Operating LLC/Charter Communications Operating Capital 6.38%, 10/23/35		479		620,301
6.48%, 10/23/45^(f)		9,584		12,478,476
5.38%, 05/01/47		1,500		1,741,203
6.83%, 10/23/55		3,540		4,842,457
Clear Channel Outdoor Holdings, Inc., 7.75%, 04/15/28^(b)		1,038		1,026,582
Clear Channel Worldwide Holdings, Inc. 9.25%, 02/15/24		636		661,631
5.13%, 08/15/27^(b)(f)		6,446		6,483,064
Comcast Corp. 3.75%, 04/01/40		545		597,976
4.95%, 10/15/58		3,795		4,965,229
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(b)(f)		5,588		5,949,767
Cox Communications, Inc., 8.38%, 03/01/39^(b)		5,000		8,102,169
CSC Holdings LLC 5.25%, 06/01/24		1,061		1,144,554
5.38%, 02/01/28^(b)		336		353,220
7.50%, 04/01/28^(b)		877		967,156
5.75%, 01/15/30^(b)		406		427,617
4.13%, 12/01/30^(b)		680		675,430
4.63%, 12/01/30^(b)		3,647		3,587,244
3.38%, 02/15/31^(b)		225		212,063
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/26^(b)		1,332		959,040
Discovery Communications LLC, 4.88%, 04/01/43		4,000		4,606,389
DISH DBS Corp. 5.88%, 07/15/22		2,545		2,658,252
5.88%, 11/15/24		164		171,514
7.75%, 07/01/26		2,123		2,343,229
Fox Corp., 3.05%, 04/07/25		475		505,218
Gray Television, Inc., 7.00%, 05/15/27^(b)		415		451,313
Hughes Satellite Systems Corp., 5.25%, 08/01/26		351		386,272
iHeartCommunications, Inc. 6.38%, 05/01/26		370		392,643
5.25%, 08/15/27^(b)		376		386,757
4.75%, 01/15/28^(b)		184		185,380
Lamar Media Corp., 4.00%, 02/15/30		307		306,147
LCPR Senior Secured Financing DAC^(b)6.75%, 10/15/27		955		1,018,173
5.13%, 07/15/29		963		979,968
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(h)		707		707,212
Lions Gate Capital Holdings LLC, 6.38%, 02/01/24^(b)		253		261,066
Live Nation Entertainment, Inc.^(b)4.88%, 11/01/24		136		138,407
6.50%, 05/15/27		2,164		2,402,040
4.75%, 10/15/27		391		393,933
3.75%, 01/15/28		411		405,349


Security	Par (000)		Value

Media (continued)
Meredith Corp., 6.88%, 02/01/26	$	116	$	119,297
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)5.00%, 08/15/27		554		559,540
4.25%, 01/15/29		256		246,456
Radiate Holdco LLC/Radiate Finance, Inc.^(b)4.50%, 09/15/26		1,219		1,232,714
6.50%, 09/15/28		2,880		3,041,136
Scripps Escrow II, Inc.^(b)3.88%, 01/15/29		37		36,353
5.38%, 01/15/31		367		364,248
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)		225		216,844
Sirius XM Radio, Inc.^(b)5.00%, 08/01/27		626		656,705
5.50%, 07/01/29		1,669		1,804,606
4.13%, 07/01/30		320		320,368
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(b)		1,000		1,050,000
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(b)		1,566		1,566,000
Time Warner Cable LLC, 6.55%, 05/01/37		3,519		4,627,468
ViacomCBS, Inc. 5.85%, 09/01/43		1,300		1,660,371
(3 mo. LIBOR US + 3.90%), 5.88%, 02/28/57^(a)		2,111		2,145,430
Videotron Ltd., 5.13%, 04/15/27^(b)		999		1,055,818
Virgin Media Secured Finance PLC^(b)5.50%, 08/15/26		487		505,314
5.50%, 05/15/29		1,761		1,868,861
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)		1,652		1,680,910
WMG Acquisition Corp., 3.88%, 07/15/30^(b)		263		265,537
Ziggo Bond Co. BV, 6.00%, 01/15/27^(b)		955		995,588
Ziggo BV^(b)5.50%, 01/15/27		775		806,969
4.88%, 01/15/30		887		906,634

				124,980,766

Metals & Mining — 2.2%
Allegheny Technologies, Inc., 7.88%, 08/15/23		286		310,224
AngloGold Ashanti Holdings PLC, 5.13%, 08/01/22		5,000		5,212,500
Arconic Corp.^(b)6.00%, 05/15/25		705		759,838
6.13%, 02/15/28		552		587,880
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)		2,697		2,937,568
Commercial Metals Co., 4.88%, 05/15/23^(f)		2,194		2,292,730
Constellium SE^(b)5.88%, 02/15/26		1,701		1,752,881
3.75%, 04/15/29		1,077		1,029,698
Freeport-McMoRan, Inc. 4.38%, 08/01/28		887		940,885
5.45%, 03/15/43		1,277		1,536,231
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(b)		817		834,933
Kaiser Aluminum Corp., 4.63%, 03/01/28^(b)		704		720,579
New Gold, Inc., 7.50%, 07/15/27^(b)		1,357		1,405,445
Novelis Corp.^(b)5.88%, 09/30/26		1,876		1,958,075
4.75%, 01/30/30		2,718		2,801,443


Security	Par (000)		Value

Metals & Mining (continued)
Southern Copper Corp., 5.88%, 04/23/45	$	3,870	$	5,056,484
Steel Dynamics, Inc., 3.25%, 10/15/50		1,145		1,068,471

				31,205,865

Multi-line Retail^(b)— 0.1%
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26		820		836,400
Nordstrom, Inc., 8.75%, 05/15/25		297		336,134

				1,172,534

Multi-Utilities — 0.2%
NiSource, Inc., 3.60%, 05/01/30		2,200		2,384,491


Offshore Drilling & Other Services — 0.1%
Lam Research Corp., 4.88%, 03/15/49		875		1,127,459


Oil, Gas & Consumable Fuels — 16.4%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)		1,038		1,074,330
Aker BP ASA, 4.75%, 06/15/24^(b)		1,169		1,198,886
Antero Midstream Partners LP/Antero Midstream
Finance Corp.^(b)7.88%, 05/15/26		207		222,633
5.75%, 03/01/27		338		338,074
Apache Corp. 4.88%, 11/15/27		470		481,750
5.10%, 09/01/40		28		27,370
5.25%, 02/01/42		57		56,145
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 9.00%, 11/01/27^(b)		576		731,520
Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, 12/15/25^(b)		367		395,523
Brand Industrial Services, Inc., 8.50%, 07/15/25^(b)		984		991,675
Buckeye Partners LP 4.13%, 03/01/25^(b)		594		606,053
4.50%, 03/01/28^(b)		582		583,455
5.85%, 11/15/43		383		372,033
5.60%, 10/15/44		376		362,652
Callon Petroleum Co., 9.00%, 04/01/25^(b)		1,738		1,762,992
Cenovus Energy, Inc. 3.00%, 08/15/22		183		187,221
3.80%, 09/15/23		104		109,937
5.38%, 07/15/25		1,186		1,332,844
5.40%, 06/15/47		77		85,726
Cheniere Energy Partners LP 5.63%, 10/01/26		380		397,366
4.50%, 10/01/29		1,206		1,250,646
4.00%, 03/01/31^(b)		1,123		1,142,652
Cheniere Energy, Inc., 4.63%, 10/15/28^(b)		2,872		2,982,687
Chesapeake Energy Corp.^(b)5.50%, 02/01/26		119		123,867
5.88%, 02/01/29		432		457,920
Cimarex Energy Co., 4.38%, 06/01/24		38		41,328
CNOOC Petroleum North America ULC, 6.40%, 05/15/37		2,000		2,608,750
CNX Resources Corp.^(b)7.25%, 03/14/27		478		513,425
6.00%, 01/15/29		83		86,252
Colgate Energy Partners III LLC, 7.75%, 02/15/26^(b)		276		270,538
Comstock Resources, Inc. 7.50%, 05/15/25^(b)		569		590,337
9.75%, 08/15/26		804		872,340
6.75%, 03/01/29^(b)		816		836,400


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
ConocoPhillips, 4.88%, 10/01/47^(b)	$	3,815	$	4,634,878
Continental Resources, Inc. 5.75%, 01/15/31^(b)		617		697,124
4.90%, 06/01/44		3,500		3,500,070
Crestwood Midstream Partners LP/Crestwood
Midstream Finance Corp.^(b)5.63%, 05/01/27		567		557,077
6.00%, 02/01/29		447		440,295
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(b)		2,603		2,655,633
DCP Midstream Operating LP^(b)6.45%, 11/03/36		247		276,022
6.75%, 09/15/37		1,527		1,704,514
Diamondback Energy, Inc. 4.75%, 05/31/25		2,170		2,424,932
3.50%, 12/01/29		692		718,191
Double Eagle III Midco 1 LLC/Double Eagle Finance Corp., 7.75%, 12/15/25^(b)		954		1,018,605
eG Global Finance PLC^(b)6.75%, 02/07/25		503		514,317
8.50%, 10/30/25		787		837,935
El Paso Natural Gas Co. LLC, 8.63%, 01/15/22		2,345		2,491,336
Enbridge, Inc.^(a)
(3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78		5,000		5,234,511
Series 16-A, (3 mo. LIBOR US + 3.89%), 6.00%, 01/15/77		5,880		6,276,900
Endeavor Energy Resources LP/EER Finance, Inc.^(b)6.63%, 07/15/25		322		344,134
5.50%, 01/30/26		2,136		2,216,741
5.75%, 01/30/28		518		547,174
Energy Transfer Operating LP 5.20%, 02/01/22^(f)		10,200		10,464,633
4.25%, 03/15/23		553		583,611
5.88%, 01/15/24^(f)		3,366		3,746,945
5.50%, 06/01/27		406		468,210
6.13%, 12/15/45		3,579		4,117,070
Series B, (3 mo. LIBOR US + 4.16%), 6.63%^(a)(g)		5,000		4,425,000
EnLink Midstream LLC 5.63%, 01/15/28^(b)		380		367,452
5.38%, 06/01/29		188		175,780
EnLink Midstream Partners LP 4.40%, 04/01/24		613		617,904
4.15%, 06/01/25		48		46,930
4.85%, 07/15/26		64		61,826
5.60%, 04/01/44		523		434,090
5.05%, 04/01/45		68		52,600
Enterprise Products Operating LLC 4.90%, 05/15/46^(f)		5,375		6,232,213
Series E, (3 mo. LIBOR US + 3.03%), 5.25%, 08/16/77^(a)		4,800		4,786,631
EOG Resources, Inc., 4.38%, 04/15/30		2,965		3,403,868
EQM Midstream Partners LP 4.13%, 12/01/26		226		224,305
4.50%, 01/15/29^(b)		408		397,580
4.75%, 01/15/31^(b)		1,255		1,217,350
EQT Corp. 3.90%, 10/01/27		573		584,460
8.50%, 02/01/30		332		423,400
Exxon Mobil Corp., 3.45%, 04/15/51		3,890		3,928,324
Genesis Energy LP/Genesis Energy Finance Corp., 7.75%, 02/01/28		293		293,088


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Harvest Midstream I LP, 7.50%, 09/01/28^(b)	$	660	$	709,302
Hess Corp., 5.80%, 04/01/47^(f)		5,000		5,962,142
Hess Midstream Operations LP, 5.63%, 02/15/26^(b)		402		414,060
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)5.75%, 02/01/29		253		255,214
6.00%, 02/01/31		312		316,680
Indigo Natural Resources LLC, 5.38%, 02/01/29^(b)		931		917,231
Kinder Morgan, Inc. 7.80%, 08/01/31		197		272,916
7.75%, 01/15/32^(f)		4,586		6,443,708
Marathon Petroleum Corp. 4.75%, 12/15/23		1,230		1,350,937
4.70%, 05/01/25		4,280		4,810,347
5.13%, 12/15/26		937		1,093,421
Matador Resources Co., 5.88%, 09/15/26		1,218		1,186,027
MEG Energy Corp.^(b)6.50%, 01/15/25		1,486		1,534,964
5.88%, 02/01/29		112		112,280
MPLX LP 4.13%, 03/01/27		825		915,852
5.20%, 03/01/47		3,500		4,003,458
4.70%, 04/15/48^(f)		5,000		5,409,496
5.50%, 02/15/49		2,640		3,101,530
Murphy Oil Corp. 5.75%, 08/15/25		49		48,990
6.38%, 12/01/42		47		42,770
Murphy Oil USA, Inc., 4.75%, 09/15/29		323		339,150
New Fortress Energy, Inc.^(b)6.75%, 09/15/25		2,347		2,411,308
6.50%, 09/30/26⁽ⁱ⁾		2,156		2,172,170
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(b)		771		792,202
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)		1,117		1,481,569
Northern Oil and Gas, Inc., 8.13%, 03/01/28^(b)		1,020		1,014,135
NuStar Logistics LP 6.00%, 06/01/26		373		402,126
6.38%, 10/01/30		45		48,656
Occidental Petroleum Corp. 2.70%, 08/15/22		550		550,206
2.70%, 02/15/23		507		505,844
6.95%, 07/01/24		92		100,951
2.90%, 08/15/24		1,236		1,222,453
5.50%, 12/01/25		297		314,077
3.40%, 04/15/26		149		144,679
3.20%, 08/15/26		52		49,895
3.00%, 02/15/27		10		9,409
8.88%, 07/15/30		17		21,437
6.13%, 01/01/31		522		576,392
4.30%, 08/15/39		915		775,929
6.20%, 03/15/40		1,461		1,501,177
4.50%, 07/15/44		557		474,776
4.63%, 06/15/45		967		846,222
4.40%, 04/15/46		902		772,509
4.10%, 02/15/47		177		141,825
4.20%, 03/15/48		914		742,716
4.40%, 08/15/49		161		134,639
Ovintiv Exploration, Inc. 5.75%, 01/30/22		193		199,325
5.38%, 01/01/26		70		77,142
Ovintiv, Inc. 7.38%, 11/01/31		171		217,511


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Ovintiv, Inc. (continued) 6.50%, 08/15/34	$	228	$	276,032
Parkland Corp., 4.50%, 10/01/29^(b)(i)		592		592,740
Parsley Energy LLC/Parsley Finance Corp., 5.63%, 10/15/27^(b)		951		1,030,646
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25^(b)		724		739,168
PDC Energy, Inc. 6.25%, 12/01/25		135		135,675
5.75%, 05/15/26		759		787,273
Petroleos Mexicanos 3.50%, 01/30/23		5,000		5,062,500
4.63%, 09/21/23^(f)		3,965		4,073,839
4.88%, 01/18/24		2,000		2,056,600
Plains All American Pipeline LP, Series B, (3 mo. LIBOR US + 4.11%), 6.13%^(a)(g)		2,215		1,799,820
Range Resources Corp, 9.25%, 02/01/26		111		120,604
Range Resources Corp. 5.88%, 07/01/22		280		281,400
5.00%, 08/15/22		559		568,894
5.00%, 03/15/23^(f)		551		559,954
4.88%, 05/15/25		30		29,700
8.25%, 01/15/29^(b)		108		115,560
Rattler Midstream LP, 5.63%, 07/15/25^(b)		530		553,384
Rockies Express Pipeline LLC, 6.88%, 04/15/40^(b)		580		626,400
Sabine Pass Liquefaction LLC 5.63%, 04/15/23^(f)		10,510		11,397,385
5.75%, 05/15/24		2,575		2,905,494
5.88%, 06/30/26		1,481		1,734,943
SM Energy Co. 6.13%, 11/15/22		52		51,273
5.00%, 01/15/24		29		27,274
10.00%, 01/15/25^(b)		1,870		2,103,750
Southwestern Energy Co. 4.10%, 03/15/22		550		550,000
6.45%, 01/23/25		214		229,713
7.50%, 04/01/26		40		42,321
Sunoco LP/Sunoco Finance Corp. 6.00%, 04/15/27		141		147,521
5.88%, 03/15/28		317		331,782
4.50%, 05/15/29^(b)		135		134,494
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 5.50%, 09/15/24^(b)		188		190,820
Targa Resources Partners LP/Targa Resources
Partners Finance Corp. 5.88%, 04/15/26		669		700,359
5.38%, 02/01/27		5		5,185
6.50%, 07/15/27		228		247,763
5.00%, 01/15/28		869		904,846
6.88%, 01/15/29		921		1,014,666
5.50%, 03/01/30		836		877,800
TransCanada PipeLines Ltd., 4.88%, 05/15/48		4,000		4,732,083
Transcanada Trust, (3 mo. LIBOR US + 3.53%), 5.63%, 05/20/75^(a)		2,755		2,920,300
Transocean, Inc., 11.50%, 01/30/27^(b)		294		252,170
Vine Energy Holdings LLC, 6.75%, 04/15/29		1,150		1,150,000
Vine Oil & Gas LP/Vine Oil & Gas Finance Corp., 8.75%, 04/15/23^(b)		96		102,192
Viper Energy Partners LP, 5.38%, 11/01/27^(b)		240		249,600
Western Midstream Operating LP 5.45%, 04/01/44		12		12,306


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Western Midstream Operating LP (continued) 5.30%, 03/01/48	$	1,180	$	1,184,177
5.50%, 08/15/48		61		60,031
6.50%, 02/01/50		1,448		1,565,650
Williams Cos., Inc. 3.70%, 01/15/23		2,245		2,347,558
4.55%, 06/24/24		527		580,780
8.75%, 03/15/32		2,478		3,633,971
5.10%, 09/15/45^(f)		5,075		5,819,945
WPX Energy, Inc. 8.25%, 08/01/23		811		930,622
5.25%, 09/15/24		100		110,875
5.75%, 06/01/26		501		524,647
5.25%, 10/15/27		130		138,518
5.88%, 06/15/28		204		224,869
4.50%, 01/15/30		117		125,984

				233,854,597

Personal Products — 0.0%
Edgewell Personal Care Co., 5.50%, 06/01/28^(b)		140		147,840


Pharmaceuticals — 4.5%
AbbVie, Inc. 5.00%, 12/15/21^(f)		1,631		1,663,522
2.80%, 03/15/23		3,000		3,110,642
4.75%, 03/15/45^(f)		5,485		6,544,865
4.70%, 05/14/45^(f)		3,255		3,855,131
Bausch Health Americas, Inc., 8.50%, 01/31/27^(b)		1,137		1,261,359
Bausch Health Cos., Inc.^(b)9.00%, 12/15/25		1,014		1,101,681
5.75%, 08/15/27		326		350,857
7.00%, 01/15/28		536		581,855
5.00%, 01/30/28		37		37,463
5.00%, 02/15/29		1,134		1,126,204
6.25%, 02/15/29		1,122		1,192,642
7.25%, 05/30/29		1,242		1,386,382
5.25%, 01/30/30		173		173,900
5.25%, 02/15/31		633		629,974
CVS Health Corp.^(f)5.13%, 07/20/45		3,879		4,748,870
5.05%, 03/25/48		8,205		10,072,784
Elanco Animal Health, Inc., 5.90%, 08/28/28		353		400,214
Endo Dac/Endo Finance LLC/Endo Finco, Inc.^(b)9.50%, 07/31/27		1,134		1,231,807
6.00%, 06/30/28		720		583,200
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc., 6.13%, 04/01/29^(b)		983		991,601
Jaguar Holding Co. II/PPD Development LP^(b)4.63%, 06/15/25		861		898,281
5.00%, 06/15/28		1,361		1,417,481
Merck & Co., Inc., 6.50%, 12/01/33^(f)		6,420		9,217,675
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25^(b)		394		421,580
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(b)		3,021		3,204,224
Prestige Brands, Inc., 3.75%, 04/01/31^(b)		318		303,293
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30^(f)		8,270		7,970,528
Teva Pharmaceutical Finance Netherlands III BV, 7.13%, 01/31/25		200		219,940

				64,697,955

Producer Durables: Miscellaneous — 0.3%
Oracle Corp., 3.95%, 03/25/51		4,425		4,561,574


Security	Par (000)		Value

Real Estate Management & Development^(b)— 0.5%
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25	$	183	$	191,258
Greystar Real Estate Partners LLC, 5.75%, 12/01/25		360		369,900
Howard Hughes Corp. 5.38%, 08/01/28		762		801,052
4.13%, 02/01/29		321		313,848
4.38%, 02/01/31		351		343,761
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29		4,485		4,543,540
Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 01/15/29		222		218,948

				6,782,307

Road & Rail — 1.7%
BNSF Funding Trust I, (3 mo. LIBOR US + 2.35%), 6.61%, 12/15/55^(a)		6,125		7,018,074
CSX Corp., 3.80%, 04/15/50		770		817,056
Norfolk Southern Corp., 6.00%, 03/15/05^(e)(f)		12,700		16,253,921

				24,089,051

Semiconductors & Semiconductor Equipment — 2.7%
Analog Devices, Inc., 2.95%, 04/01/25		2,010		2,136,119
Broadcom, Inc. 4.70%, 04/15/25^(f)		5,865		6,610,615
5.00%, 04/15/30^(e)		10,970		12,502,688
Microchip Technology, Inc., 4.25%, 09/01/25^(b)		2,061		2,153,225
NVIDIA Corp. 3.50%, 04/01/50^(f)		2,785		2,941,532
3.70%, 04/01/60		1,760		1,893,344
NXP BV/NXP Funding LLC/NXP USA, Inc., 3.40%, 05/01/30^(b)		1,755		1,853,197
ON Semiconductor Corp., 3.88%, 09/01/28^(b)		728		748,857
QUALCOMM, Inc., 4.30%, 05/20/47^(f)		3,500		4,120,357
Sensata Technologies BV^(b)5.63%, 11/01/24		695		771,450
5.00%, 10/01/25		572		632,060
4.00%, 04/15/29		433		440,807
Sensata Technologies, Inc., 4.38%, 02/15/30^(b)		1,651		1,729,422

				38,533,673

Software — 1.4%
ANGI Group LLC, 3.88%, 08/15/28^(b)		582		582,000
Black Knight InfoServ LLC, 3.63%, 09/01/28^(b)		859		844,062
Boxer Parent Co., Inc.^(b)7.13%, 10/02/25		850		911,625
9.13%, 03/01/26		336		357,665
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26^(b)		1,231		1,278,307
CDK Global, Inc. 5.88%, 06/15/26		378		390,285
4.88%, 06/01/27		457		477,451
Crowdstrike Holdings, Inc., 3.00%, 02/15/29		147		143,722
MSCI, Inc.^(b)3.63%, 09/01/30		131		133,207
3.88%, 02/15/31		989		1,010,016
Open Text Corp., 3.88%, 02/15/28^(b)		474		477,166
Open Text Holdings, Inc., 4.13%, 02/15/30^(b)		901		913,335
Playtika Holding Corp., 4.25%, 03/15/29^(b)		695		684,714
PTC, Inc.^(b)3.63%, 02/15/25		166		170,358
4.00%, 02/15/28		867		880,005
Rocket Software, Inc., 6.50%, 02/15/29^(b)		1,141		1,151,269


Security	Par (000)		Value

Software (continued)
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(b)	$	1,831	$	1,891,606
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)		4,171		4,442,324
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)		3,081		3,200,081

				19,939,198

Specialty Retail — 0.6%
Gap, Inc., 8.88%, 05/15/27^(b)		350		408,625
L Brands, Inc. 6.88%, 07/01/25^(b)		604		671,165
6.88%, 11/01/35		1,119		1,333,613
PetSmart, Inc./PetSmart Finance Corp.^(b)4.75%, 02/15/28		731		747,601
7.75%, 02/15/29		3,203		3,467,087
Staples, Inc., 7.50%, 04/15/26^(b)		1,612		1,700,257

				8,328,348

Technology Hardware, Storage & Peripherals^(b)— 0.5%
Dell International LLC/EMC Corp. 5.88%, 06/15/21		180		180,225
7.13%, 06/15/24		1,233		1,269,219
5.85%, 07/15/25		2,395		2,792,074
8.35%, 07/15/46		2,355		3,582,881

				7,824,399

Textiles, Apparel & Luxury Goods — 0.0%
Hanesbrands, Inc., 5.38%, 05/15/25^(b)		117		123,801
Levi Strauss & Co. 5.00%, 05/01/25		54		55,052
3.50%, 03/01/31^(b)		236		227,740
William Carter Co., 5.63%, 03/15/27^(b)		365		385,531

				792,124

Thrifts & Mortgage Finance — 0.2%
Home Point Capital, Inc., 5.00%, 02/01/26^(b)		614		607,860
Ladder Capital Finance Holdings LLLP/Ladder Capital
Finance Corp., 5.25%, 10/01/25^(b)		268		268,000
MGIC Investment Corp., 5.25%, 08/15/28		337		350,059
Nationstar Mortgage Holdings, Inc.^(b)6.00%, 01/15/27		794		823,775
5.50%, 08/15/28		565		567,288
5.13%, 12/15/30		303		298,834
PennyMac Financial Services, Inc., 4.25%, 02/15/29^(b).		108		103,275

				3,019,091

Tobacco — 2.0%
Altria Group, Inc., 10.20%, 02/06/39^(f)		13,392		22,353,784
BAT Capital Corp., 4.54%, 08/15/47		3,000		3,020,663
Reynolds American, Inc., 5.85%, 08/15/45		2,335		2,752,323

				28,126,770

Transportation Infrastructure — 0.5%
FedEx Corp., 5.25%, 05/15/50^(e)		6,000		7,686,236


Utilities^(b)— 0.3%
Midland Cogeneration Venture LP, 5.25%, 03/15/25^(f)		2,232		2,238,843
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28		1,087		1,104,664
Vistra Operations Co. LLC, 5.63%, 02/15/27		812		843,976

				4,187,483

Wireless Telecommunication Services — 3.5%
Altice France SA^(b)7.38%, 05/01/26^(f)		6,371		6,626,477
8.13%, 02/01/27		1,112		1,218,863


Security	Par (000)		Value

Wireless Telecommunication Services (continued)
Altice France SA^(b)(continued) 5.50%, 01/15/28	$	2,001	$	2,050,505
5.13%, 01/15/29		338		342,225
American Tower Corp., 3.60%, 01/15/28		4,000		4,318,987
Crown Castle International Corp. 3.65%, 09/01/27^(f)		8,000		8,717,884
4.15%, 07/01/50		820		880,550
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd., 8.75%, 05/25/24^(b)		635		655,439
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(b)		401		422,053
SBA Communications Corp. 4.88%, 09/01/24		1,938		1,990,074
3.88%, 02/15/27		2,781		2,842,738
Sprint Corp. 7.88%, 09/15/23		421		481,203
7.13%, 06/15/24		796		916,395
7.63%, 03/01/26		1,196		1,464,741
T-Mobile USA, Inc. 4.50%, 02/01/26		538		550,441
4.75%, 02/01/28		913		970,763
3.88%, 04/15/30^(b)		2,925		3,174,678
2.88%, 02/15/31		726		701,679
3.50%, 04/15/31		697		702,228
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 02/15/29^(b)		1,355		1,338,062
VICI Properties LP/VICI Note Co., Inc.^(b)3.50%, 02/15/25		946		963,146
4.25%, 12/01/26		2,963		3,031,401
3.75%, 02/15/27		1,004		1,004,000
4.63%, 12/01/29		1,298		1,346,493
4.13%, 08/15/30		2,948		2,973,648
VTR Comunicaciones SpA, 5.13%, 01/15/28^(b)		403		420,581

				50,105,254


Total Corporate Bonds — 111.3% (Cost: $1,435,789,376)				1,585,553,715


Floating Rate Loan Interests^(a)(j)

Oil, Gas & Consumable Fuels — 0.1%
Ascent Resources Utica LLC, 2020 Fixed 2nd Lien
Term Loan, 11/01/25		784		866,320


Total Floating Rate Loan Interests — 0.1% (Cost: $784,000)				866,320


Foreign Agency Obligations

Brazil — 0.4%
Brazilian Government International Bond, 5.00%, 01/27/45		6,525		6,188,555


Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44		4,000		4,535,000


Indonesia — 0.4%
Indonesia Government International Bond, 5.88%, 01/15/24^(b)		4,400		4,969,250


Security	Par (000)		Value

Mexico — 0.4%
Mexico Government International Bond, 4.75%, 03/08/44^(f)	$	5,800	$	6,073,687


Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50		3,500		4,330,156


Total Foreign Agency Obligations — 1.8% (Cost: $23,634,711)				26,096,648


Municipal Bonds

New York — 0.9%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31.		10,000		12,547,100


Total Municipal Bonds — 0.9% (Cost: $4,421,923)				12,547,100


Preferred Securities

Capital Trusts — 15.8%

Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%^(a)(g)		2,565		2,770,200


Banks^(a)(g)— 3.7%
CIT Group, Inc., Series A, 5.80%		3,000		3,101,250
HSBC Capital Funding Dollar 1 LP, 10.18%^(b)(f)		11,835		19,415,317
Huntington Bancshares, Inc., Series F, 5.63%		6,450		7,169,175
Macquarie Bank Ltd., 6.13%^(b)		1,885		2,027,940
Nordea Bank Abp, 6.13%^(b)		5,540		6,024,861
US Bancorp, Series J, 5.30%^(f)		10,415		11,422,651
Wells Fargo & Co.
Series S, 5.90%		281		298,633
Series U, 5.88%		2,655		2,923,155

				52,382,982

Capital Markets — 0.0%
State Street Corp., Series F, 3.78%^(a)(g)		618		619,700


Consumer Finance^(a)(g)— 0.7%
American Express Co., Series C, 3.47%		4,510		4,469,239
Capital One Financial Corp., Series E, 3.99%		5,000		4,975,000

				9,444,239

Diversified Financial Services — 8.5%
Bank of America Corp., Series AA, 6.10%^(a)(g)		8,630		9,579,300
Bank of America Corp., Series U, 5.20%^(a)(f)(g)		5,785		6,045,325
Barclays PLC, 8.00%^(a)(g)		4,500		4,995,000
BNP Paribas SA^(a)(b)(f)(g)7.20%		5,000		5,362,500
6.75%		5,000		5,198,950
BNP Paribas SA, 7.38%^(a)(b)(g)		4,535		5,260,600
Citigroup, Inc.^(a)(g)5.90%		2,210		2,336,014
Series Q, 4.29%		5,465		5,466,640
Credit Agricole SA, 8.13%^(a)(b)(g)		5,000		6,025,000
Credit Suisse Group AG, 6.25%^(a)(b)(f)(g)		7,255		7,717,303
Credit Suisse Group AG, 7.50%^(a)(b)(g)		1,865		1,971,976
HSBC Holdings PLC, 6.50%^(a)(g)		2,615		2,932,069
JPMorgan Chase & Co., 8.75%, 09/01/30		2,000		2,954,506


Security	Par (000)		Value

Diversified Financial Services (continued)
JPMorgan Chase & Co.^(a)(g)
Series I, 3.68%	$	2,542	$	2,537,552
Series Q, 5.15%		4,000		4,137,600
JPMorgan Chase & Co.^(a)(f)(g)
Series R, 6.00%		7,408		7,765,310
Series S, 6.75%		9,775		10,703,625
Lloyds Banking Group PLC, 7.50%^(a)(g)		8,285		9,465,612
Morgan Stanley, Series H, 3.85%^(a)(g)		4,587		4,593,857
Natwest Group PLC, 8.00%^(a)(g)		970		1,137,325
Natwest Group PLC, 8.63%^(a)(f)(g)		5,135		5,256,956
Societe Generale SA, 7.38%^(a)(b)(g)		1,980		2,022,570
UBS Group AG, 7.00%^(a)(b)(f)(g)		7,500		8,237,925

				121,703,515

Electric Utilities — 0.6%
PPL Capital Funding, Inc., Series A, 2.86%, 03/30/67^(a)(e)		8,300		7,778,760


Insurance — 1.5%
ACE Capital Trust II, 9.70%, 04/01/30^(f)		7,000		10,588,624
Equitable of Iowa Cos. Capital Trust II, Series B, 8.42%, 04/01/27		5,000		5,069,690
MetLife, Inc., 6.40%, 12/15/36		5,000		6,275,236

				21,933,550

Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 2.97%, 06/01/67^(a)		2,500		2,175,000


Wireless Telecommunication Services — 0.4%
Vodafone Group PLC, 7.00%, 04/04/79^(a)		4,745		5,722,352


Total Capital Trusts — 15.8%				224,530,298


	Shares

Preferred Stocks — 3.1%

Banks^(g)— 2.0%
Citigroup, Inc., Series K, 6.88%		488,320		13,838,989
Wells Fargo & Co., Series Q, 5.85%		550,500		14,753,400

				28,592,389

Capital Markets^(g)— 0.7%
Goldman Sachs Group, Inc., Series J, 5.50%^(a)		162,450		4,389,399
State Street Corp., Series D, 5.90%		220,495		6,206,934

				10,596,333

Equity Real Estate Investment Trusts (REITs) — 0.1%
Vornado Realty Trust, Series K, 5.70%^(g)		50,000		1,262,000


Technology Hardware, Storage & Peripherals — 0.3%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $3,526,645)^(c)(d)		32,185		4,231,600


Total Preferred Stocks — 3.1%				44,682,322


Total Preferred Securities — 18.9% (Cost: $246,326,095)				269,212,620


Security	Shares		Value

Warrants

Oil, Gas & Consumable Fuels — 0.1%
SM Energy Co. (Expires 06/30/23)^(k)		29,074	$	475,651


Total Warrants — 0.1% (Cost: $124,727)				475,651


Total Long-Term Investments — 139.7%

(Cost: $1,805,295,757)				1,989,170,324


Short-Term Securities

Money Market Funds — 0.1%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(l)(m)		1,716,926		1,716,926


Total Short-Term Securities — 0.1% (Cost: $1,716,926)				1,716,926


Options Purchased — 0.2% (Cost: $6,003,988)				2,670,097


Total Investments Before Options Written — 140.0% (Cost: $1,813,016,671)				1,993,557,347


Options Written — (0.0)% (Premiums Received: $(1,119,075))				(262,532	)


Total Investments, Net of Options Written — 140.0% (Cost: $1,811,897,596)				1,993,294,815


Liabilities in Excess of Other Assets — (40.0)%				(569,062,271	)


Net Assets — 100.0%			$	1,424,232,544

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

^(b)	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.

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

^(d)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $4,632,695, representing 0.33% of its net assets as of period end, and an original cost of $3,668,674.

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

^(f)	All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements.

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

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

⁽ⁱ⁾	When-issued security.

^(j)	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.

^(k)	Non-income producing security.

^(l)	Affiliate of the Trust.

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

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

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

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable

inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s investments categorized in the fair value hierarchy. The breakdown of the Trust’s investments into major categories is disclosed in the Schedule of Investments above.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial statement purposes. As of period end, reverse repurchase agreements of $595,440,580 are categorized as Level 2 within the fair value hierarchy.


Affiliated Issuer	Value at 12/31/20		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/21		Shares Held at 03/31/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	24,122,699	$	—	$	(22,405,773	)^(a)	$	—	$	—	$	1,716,926		1,716,926	$	1,116	$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
U.S. Ultra Bond		98		06/21/21	$	17,759	$	(932,898	)


Short Contracts
10-Year U.S. Treasury Note.		1,752		06/21/21		229,403		4,441,750
10-Year U.S. Ultra Long Treasury Note		68		06/21/21		9,771		347,783
Long U.S. Treasury Bond		107		06/21/21		16,542		742,961
5-Year U.S. Treasury Note		133		06/30/21		16,412		203,612

								5,736,106

							$	4,803,208


Description	Number of Contracts		Expiration Date	Exercise Price		Notional Amount (000)		Value
Call
Alps Alerian MLP ETF		8,402	04/16/21	USD	31.00	USD	26,046	$	449,507
Euro Stoxx Banks		10,206	04/16/21	EUR	92.50	EUR	555		374,018
iShares Russell 2000 ETF		5,559	04/16/21	USD	240.00	USD	133,416		122,298
iShares Russell 2000 ETF		2,794	04/16/21	USD	225.00	USD	62,865		821,436
10-Year U.S. Treasury Note		1,539	04/23/21	USD	134.00	USD	206,226		72,141

								$	1,839,400


Description	Number of Contracts		Expiration Date	Exercise Price		Notional Amount (000)		Value
Call
Alps Alerian MLP ETF		2,736	04/16/21	USD	34.00	USD	9,302	$	(21,888	)
Euro Stoxx Banks		10,206	04/16/21	EUR	100.00	EUR	600		(44,882	)
iShares Russell 2000 ETF		5,559	04/16/21	USD	255.00	USD	141,755		(22,236	)
iShares Russell 2000 ETF		2,794	04/16/21	USD	235.00	USD	65,659		(149,479	)
10-Year U.S. Treasury Note		1,539	04/23/21	USD	135.50	USD	208,534		(24,047	)

								$	(262,532	)


Reference Obligations/Index	Financing Rate Paid by the Trust			Payment Frequency		Counterparty		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Prudential Financial, Inc.		1.00	%		Quarterly		Citibank N.A.		06/20/21	USD	1,920	$	(4,495	)	$	1,277	$	(5,772	)
Prudential Financial, Inc.		1.00			Quarterly		Goldman Sachs International		06/20/21	USD	1,155		(2,704	)		817		(3,521	)
Prudential Financial, Inc.		1.00			Quarterly		JPMorgan Chase Bank N.A.		06/20/21	USD	9,500		(22,244	)		5,525		(27,769	)

												$	(29,443	)	$	7,619	$	(37,062	)


	Level 1			Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—		$	92,449,121		$	1,568,054	$	94,017,175
Common Stocks.		—			401,095			—		401,095
Corporate Bonds		—			1,583,772,929			1,780,786		1,585,553,715
Floating Rate Loan Interests		—			866,320			—		866,320
Foreign Agency Obligations		—			26,096,648			—		26,096,648
Municipal Bonds		—			12,547,100			—		12,547,100
Preferred Securities
Capital Trusts		—			224,530,298			—		224,530,298
Preferred Stocks		40,450,722			—			4,231,600		44,682,322
Warrants		—			475,651			—		475,651
Short-Term Securities
Money Market Funds		1,716,926			—			—		1,716,926
Options Purchased
Equity Contracts		1,767,259			—			—		1,767,259
Interest Rate Contracts		72,141			830,697			—		902,838

	$	44,007,048		$	1,941,969,859		$	7,580,440	$	1,993,557,347

Derivative Financial Instruments^(a)
Assets
Interest Rate Contracts	$	5,736,106		$	—		$	—	$	5,736,106
Liabilities
Credit Contracts		—			(37,062	)		—		(37,062	)
Equity Contracts		(238,485	)		—			—		(238,485	)
Interest Rate Contracts		(956,945	)		—			—		(956,945	)

	$	4,540,676		$	(37,062	)	$	—	$	4,503,614



Currency Abbreviation		Portfolio Abbreviation (continued)

EUR	Euro	MSCI	Morgan Stanley Capital International

USD	United States Dollar	PIK	Payment-in-Kind

		RB	Revenue Bond

		REIT	Real Estate Investment Trust

		SOFR	Secured Overnight Financing Rate



Portfolio Abbreviation

BAB		Build America Bond

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

CR		Custodian Receipt

DAC		Designated Activity Company

ETF		Exchange-Traded Fund

LIBOR		London Interbank Offered Rate


SCHEDULE OF INVESTMENTS		1


SCHEDULE OF INVESTMENTS		3


SCHEDULE OF INVESTMENTS		5


SCHEDULE OF INVESTMENTS		7