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%), 2.28%, 10/21/28^(a)(b)	$	500	$	497,502
Allegro CLO VI Ltd.^(a)(b)
Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 1.63%, 01/17/31		360		358,087
Series 2017-2A, Class C, (3 mo. LIBOR US + 1.80%), 1.93%, 01/17/31		2,400		2,383,829
American Airlines Group, Inc., 5.18%, 08/15/23^(c)		1,329		1,330,249
Anchorage Capital CLO Ltd.^(a)(b)
Series 2013-1A, Class BR, (3 mo. LIBOR US + 2.15%), 2.27%, 10/13/30		1,000		999,511
Series 2014-3RA, Class C, (3 mo. LIBOR US + 1.85%), 1.98%, 01/28/31		1,000		995,201
Series 2014-3RA, Class D, (3 mo. LIBOR US + 2.60%), 2.73%, 01/28/31		1,000		974,117
Apidos CLO XV, Series 2013-15A, Class DRR, (3 mo. LIBOR US + 2.70%), 2.83%, 04/20/31^(a)(b)		1,000		988,958
Apidos CLO XX, Series 2015-20A, Class BRR, (3 mo. LIBOR US + 1.95%), 2.08%, 07/16/31^(a)(b)		1,000		1,000,073
Ares XLIX CLO Ltd., Series 2018-49A, Class D, (3 mo. LIBOR US + 3.00%), 3.14%, 07/22/30^(a)(b)		1,000		1,000,052
ARES XLVII CLO Ltd., Series 2018-47A, Class D, (3 mo. LIBOR US + 2.70%), 2.83%, 04/15/30^(a)(b)		1,500		1,483,286
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3 mo. LIBOR US + 1.80%), 1.93%, 07/20/30^(a)(b)		500		498,571
Ares XXXVII CLO Ltd.^(a)(b)
Series 2015-4A, Class A3R, (3 mo. LIBOR US + 1.50%), 1.62%, 10/15/30		1,000		997,622
Series 2015-4A, Class BR, (3 mo. LIBOR US + 1.80%), 1.92%, 10/15/30		1,750		1,745,362
Atlas Senior Loan Fund XII Ltd., Series 2018-12A, Class A1, (3 mo. LIBOR US + 1.18%), 1.31%, 10/24/31^(a)(b)		400		399,865
Atrium XV, Series 15A, Class C, (3 mo. LIBOR US + 2.20%), 2.34%, 01/23/31^(a)(b)		250		250,044
Benefit Street Partners Clo XII Ltd., Series 2017-12A, Class B, (3 mo. LIBOR US + 2.00%), 2.13%, 10/15/30^(a)(b)		1,000		997,508
Canyon CLO Ltd., Series 2020-3A, Class C, (3 mo. LIBOR US + 2.50%), 2.63%, 01/15/34^(a)(b)		500		500,643
CarVal CLO I Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.89%), 3.02%, 07/16/31^(a)(b)		500		499,500
Cent CLO Ltd., Series C17A, Class BR, (3 mo. LIBOR US + 1.85%), 1.98%, 04/30/31^(a)(b)		1,000		997,491
CIFC Funding II Ltd.^(a)(b)
Series 2013-2A, Class A3LR, (3 mo. LIBOR US + 1.95%), 2.08%, 10/18/30		1,000		997,563
Series 2013-2A, Class B1LR, (3 mo. LIBOR US + 3.05%), 3.18%, 10/18/30		1,000		1,000,209
CIFC Funding Ltd.^(a)(b)
Series 2014-4RA, Class A2, (3 mo. LIBOR US + 1.65%), 1.78%, 10/17/30		600		600,000
Series 2014-4RA, Class B, (3 mo. LIBOR US + 2.20%), 2.33%, 10/17/30		400		400,043
Series 2018-1A, Class C, (3 mo. LIBOR US + 1.75%), 1.88%, 04/18/31		1,000		997,501
Series 2018-1A, Class D, (3 mo. LIBOR US + 2.65%), 2.78%, 04/18/31		1,200		1,194,021


Security	Par (000)		Value

Asset-Backed Securities (continued)
Elevation CLO Ltd., Series 2017-7A, Class C, (3 mo. LIBOR US + 1.90%), 2.03%, 07/15/30^(a)(b)	$	1,500	$	1,464,055
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3 mo. LIBOR US + 2.60%), 2.73%, 04/20/31^(a)(b)		1,000		1,000,002
Greenwood Park CLO Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.50%), 2.62%, 04/15/31^(a)(b)		1,000		988,173
Highbridge Loan Management Ltd.^(a)(b)
Series 12A-18, Class B, (3 mo. LIBOR US + 1.85%), 1.98%, 07/18/31		1,250		1,248,033
Series 4A-2014, Class A2R, (3 mo. LIBOR US + 1.50%), 1.63%, 01/28/30		650		647,566
Series 6A-2015, Class BR, (3 mo. LIBOR US + 1.75%), 1.87%, 02/05/31		1,500		1,490,629
Long Point Park CLO Ltd., Series 2017-1A, Class B, (3 mo. LIBOR US + 1.70%), 1.83%, 01/17/30^(a)(b)		1,000		997,443
Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, (3 mo. LIBOR US + 1.90%), 2.03%, 04/19/30^(a)(b)		1,000		996,202
Madison Park Funding XXVII Ltd.^(a)(b)
Series 2018-27A, Class B, (3 mo. LIBOR US + 1.80%), 1.93%, 04/20/30		1,000		999,455
Series 2018-27A, Class C, (3 mo. LIBOR US + 2.60%), 2.73%, 04/20/30		1,000		978,320
Marble Point CLO XI Ltd., Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 1.63%, 12/18/30^(a)(b)		1,000		997,655
MP CLO III Ltd., Series 2013-1A, Class CR, (3 mo. LIBOR US + 2.00%), 2.13%, 10/20/30^(a)(b)		1,000		990,010
Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class CR2, (3 mo. LIBOR US + 3.00%), 3.13%, 10/21/30^(a)(b)		2,700		2,700,399
Neuberger Berman CLO XXII Ltd.^(a)(b)
Series 2016-22A, Class BR, (3 mo. LIBOR US + 1.65%), 1.78%, 10/17/30		400		399,999
Series 2016-22A, Class CR, (3 mo. LIBOR US + 2.20%), 2.33%, 10/17/30		1,000		1,000,095
Neuberger Berman CLO XXIII Ltd., Series 2016-23A, Class CR, (3 mo. LIBOR US + 2.15%), 2.28%, 10/17/27^(a)(b)		500		500,035
Neuberger Berman Loan Advisers CLO Ltd.^(a)(b)
Series 2017-26A, Class A, (3 mo. LIBOR US + 1.17%), 1.30%, 10/18/30		2,000		2,000,027
Series 2017-26A, Class B, (3 mo. LIBOR US + 1.50%), 1.63%, 10/18/30		1,000		999,593
Series 2017-26A, Class C, (3 mo. LIBOR US + 1.75%), 1.88%, 10/18/30		1,500		1,496,256
Series 2018-27A, Class D, (3 mo. LIBOR US + 2.60%), 2.72%, 01/15/30		1,000		1,000,004
OCP CLO Ltd.^(a)(b)
Series 2014-6A, Class BR, (3 mo. LIBOR US + 2.15%), 2.28%, 10/17/30		500		500,091
Series 2015-10A, Class CR, (3 mo. LIBOR US + 2.60%), 2.73%, 10/26/27		600		599,994
Series 2016-11A, Class BR, (3 mo. LIBOR US + 2.45%), 2.58%, 10/26/30		1,500		1,501,090
Series 2016-12A, Class BR, (3 mo. LIBOR US + 2.20%), 2.33%, 10/18/28		1,000		1,000,267
Series 2017-14A, Class B, (3 mo. LIBOR US + 1.95%), 2.08%, 11/20/30		1,000		997,375


Security	Par (000)		Value

Asset-Backed Securities (continued)
Octagon Investment Partners 26 Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 2.85%), 2.97%, 07/15/30^(a)(b)	$	500	$	495,508
Octagon Investment Partners 34 Ltd., Series 2017-1A, Class B1, (3 mo. LIBOR US + 1.40%), 1.53%, 01/20/30^(a)(b)		1,000		997,533
Octagon Investment Partners Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 2.75%), 2.88%, 01/20/31^(a)(b)		1,000		991,802
Octagon Investment Partners XVII Ltd.^(a)(b)
Series 2013-1A, Class BR2, (3 mo. LIBOR US + 1.40%), 1.53%, 01/25/31		1,000		997,523
Series 2013-1A, Class CR2, (3 mo. LIBOR US + 1.70%), 1.83%, 01/25/31		1,000		994,671
Octagon Investment Partners XXII Ltd., Series 2014- 1A, Class CRR, (3 mo. LIBOR US + 1.90%), 2.04%, 01/22/30^(a)(b)		900		897,724
OHA Credit Partners XII Ltd., Series 2015-12A, Class DR, (3 mo. LIBOR US + 2.90%), 3.04%, 07/23/30^(a)(b)		600		593,971
OHA Loan Funding Ltd., Series 2015-1A, Class DR2, (3 mo. LIBOR US + 4.00%), 4.12%, 11/15/32^(a)(b)		1,000		1,001,280
OZLM XXI Ltd., Series 2017-21A, Class B, (3 mo. LIBOR US + 1.90%), 2.03%, 01/20/31^(a)(b)		1,800		1,800,890
Palmer Square CLO Ltd.^(a)(b)
Series 2018-1A, Class A2, (3 mo. LIBOR US + 1.45%), 1.58%, 04/18/31		1,500		1,500,046
Series 2019-1A, Class C, (3 mo. LIBOR US + 3.75%), 3.87%, 11/14/32		1,000		1,001,084
Park Avenue Institutional Advisers CLO Ltd.,
Series 2019-1A, Class C, (3 mo. LIBOR US + 3.85%), 3.97%, 05/15/32^(a)(b)		1,500		1,500,645
Regatta VII Funding Ltd., Series 2016-1A, Class DR2, (3 mo. LIBOR US + 3.05%), 3.17%, 06/20/34^(a)(b)		500		501,263
Regatta XVI Funding Ltd.^(a)(b)
Series 2019-2A, Class C, (3 mo. LIBOR US + 2.70%), 2.83%, 01/15/33		1,000		1,002,113
Series 2019-2A, Class D, (3 mo. LIBOR US + 3.90%), 4.03%, 01/15/33		1,000		1,004,945
Rockford Tower CLO Ltd.^(a)(b)
Series 2017-3A, Class A, (3 mo. LIBOR US + 1.19%), 1.32%, 10/20/30		2,000		2,000,001
Series 2017-3A, Class D, (3 mo. LIBOR US + 2.65%), 2.78%, 10/20/30		1,000		988,157
RR Ltd., Series 2018-5A, Class C, (3 mo. LIBOR US + 3.10%), 3.23%, 10/15/31^(a)(b)		650		650,053
Sound Point Clo XXI Ltd., Series 2018-3A, Class A1A, (3 mo. LIBOR US + 1.18%), 1.31%, 10/26/31^(a)(b)		1,400		1,399,511
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.60%), 2.73%, 01/15/30^(a)(b)		1,500		1,485,030
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3 mo. LIBOR US + 1.15%), 1.28%, 01/16/31^(a)(b)		2,500		2,499,280
TICP CLO IX Ltd., Series 2017-9A, Class A, (3 mo. LIBOR US + 1.14%), 1.27%, 01/20/31^(a)(b)		1,000		1,001,788


Security	Par (000)		Value

Asset-Backed Securities (continued)
York CLO Ltd.^(a)(b)
Series 2014-1A, Class ARR, (3 mo. LIBOR US + 1.12%), 1.26%, 10/22/29	$	2,000	$	2,000,856
Series 2015-1A, Class CR, (3 mo. LIBOR US + 1.85%), 1.99%, 01/22/31		1,500		1,498,854
Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.60%), 2.74%, 01/22/31		1,800		1,768,543


Total Asset-Backed Securities — 5.7% (Cost: $81,992,542)				82,152,647


	Shares

Common Stocks

Oil, Gas & Consumable Fuels — 0.1%
Extraction Oil & Gas, Inc., (Acquired 03/05/21, Cost: $142,030)^(d)		11,417		644,490
SM Energy Co.		20,390		537,888

				1,182,378


Total Common Stocks — 0.1% (Cost: $229,580)				1,182,378


	Par (000)

Corporate Bonds

Advertising Agencies — 0.2%
Interpublic Group of Cos., Inc., 5.40%, 10/01/48	$	2,215		2,981,864


Aerospace & Defense — 4.0%
Boeing Co., 5.15%, 05/01/30^(e)		6,775		7,951,750
Bombardier, Inc.^(b)
7.50%, 12/01/24		442		459,680
7.50%, 03/15/25		114		116,419
7.13%, 06/15/26		1,322		1,388,100
7.88%, 04/15/27^(f)		825		855,298
6.00%, 02/15/28		726		734,167
7.45%, 05/01/34		137		160,119
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(b)		516		531,480
General Dynamics Corp., 4.25%, 04/01/50		1,260		1,592,943
General Electric Co., 3.63%, 05/01/30		2,340		2,600,202
Howmet Aerospace, Inc., 5.13%, 10/01/24		45		49,626
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(b)		1,010		1,046,612
Lockheed Martin Corp., 2.80%, 06/15/50		1,965		1,942,727
Moog, Inc., 4.25%, 12/15/27^(b)		320		328,800
Northrop Grumman Corp.
4.03%, 10/15/47		2,400		2,809,732
5.25%, 05/01/50		3,050		4,277,108
Raytheon Technologies Corp.
4.63%, 11/16/48		2,805		3,558,658
3.13%, 07/01/50^(f)		3,545		3,581,980
Rolls-Royce PLC, 5.75%, 10/15/27^(b)		1,533		1,693,965


Security	Par (000)		Value

Aerospace & Defense (continued)
TransDigm, Inc.
8.00%, 12/15/25^(b)	$	1,596	$	1,701,735
6.25%, 03/15/26^(b)(f)		15,876		16,550,730
6.38%, 06/15/26		16		16,507
7.50%, 03/15/27		432		452,520
4.63%, 01/15/29		516		515,100
4.88%, 05/01/29		622		623,157
Triumph Group, Inc., 8.88%, 06/01/24^(b)		1,706		1,876,600

				57,415,715

Airlines — 1.7%
Air Canada, 3.88%, 08/15/26^(b)		868		875,855
American Airlines Group, Inc., 5.18%, 10/15/23^(a)(c)		1,584		1,566,542
American Airlines, Inc., 11.75%, 07/15/25^(b)		775		959,062
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b)
5.50%, 04/20/26		1,036		1,089,424
5.75%, 04/20/29		1,943		2,093,769
British Airways Pass Through Trust, Series 2020-1, Class A, 4.25%, 11/15/32^(b)		1,891		2,038,292
Delta Air Lines, Inc., 7.00%, 05/01/25^(b)		102		118,958
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)		531		555,559
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)		2,128		2,314,030
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 03/15/27^(b)		1,888		1,767,180
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/27^(e)		6,297		7,046,194
Series B, 4.75%, 04/11/22^(f)		1,915		1,936,058
United Airlines, Inc.^(b)
4.38%, 04/15/26		1,022		1,048,827
4.63%, 04/15/29		863		891,867

				24,301,617

Auto Components — 1.2%
BorgWarner, Inc., 2.65%, 07/01/27		2,710		2,856,232
Clarios Global LP, 6.75%, 05/15/25^(b)		497		524,335
Clarios Global LP/Clarios US Finance Co.^(b)
6.25%, 05/15/26^(f)		4,801		5,044,170
8.50%, 05/15/27^(e)		6,531		6,947,351
Dornoch Debt Merger Sub, Inc., 6.63%, 10/15/29^(b)(g)		227		227,000
Goodyear Tire & Rubber Co.
5.00%, 07/15/29^(b)		270		286,538
5.25%, 07/15/31^(b)		524		558,060
5.63%, 04/30/33		663		722,670

				17,166,356

Automobiles — 2.3%
Allison Transmission, Inc.^(b)
5.88%, 06/01/29		855		930,283
3.75%, 01/30/31		723		703,117
Asbury Automotive Group, Inc.
4.50%, 03/01/28		197		202,171
4.75%, 03/01/30		191		199,356
Carvana Co.^(b)
5.50%, 04/15/27		602		614,461
4.88%, 09/01/29		461		456,526
Ford Motor Co., 7.45%, 07/16/31^(f)		3,660		4,775,751
Ford Motor Credit Co. LLC
4.69%, 06/09/25		200		214,000
5.13%, 06/16/25		1,070		1,162,287
3.38%, 11/13/25		207		212,693


Security	Par (000)		Value

Automobiles (continued)
Ford Motor Credit Co. LLC (continued)
2.70%, 08/10/26	$	613	$	614,226
2.90%, 02/16/28		627		626,216
4.00%, 11/13/30		200		208,000
General Motors Co.
4.88%, 10/02/23		1,875		2,026,605
6.25%, 10/02/43		940		1,266,131
5.95%, 04/01/49^(f)		3,455		4,553,411
General Motors Financial Co., Inc.
4.25%, 05/15/23		931		983,547
2.75%, 06/20/25^(f)		4,235		4,427,695
Group 1 Automotive, Inc., 4.00%, 08/15/28^(b)		78		79,365
LCM Investments Holdings II LLC, 4.88%, 05/01/29^(b)		456		467,888
Lithia Motors, Inc., 3.88%, 06/01/29^(b)		269		279,211
Nissan Motor Co. Ltd., 4.81%, 09/17/30^(b)(f)		7,125		8,013,497
Penske Automotive Group, Inc.
3.50%, 09/01/25		441		453,679
3.75%, 06/15/29		141		141,794
TML Holdings Pte Ltd., 4.35%, 06/09/26^(h)		200		201,250

				33,813,160

Banks — 3.1%
Australia & New Zealand Banking Group Ltd., (5 year CMT + 1.70%), 2.57%, 11/25/35^(a)(b)(f)		5,445		5,285,866
Bangkok Bank PCL
(5 year CMT + 1.90%), 3.73%, 09/25/34^(a)(h)		200		203,345
(5 year CMT + 4.73%), 5.00%⁽ⁱ⁾		222		230,852
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26^(h)		200		204,522
Bank of Communications Co. Ltd., (5 year CMT + 3.35%), 3.80%^(a)(h)(i)		252		260,883
Bank of East Asia Ltd., (5 year CMT + 5.53%), 5.83%^(a)(h)(i)		250		261,250
Credit Suisse AG, 6.50%, 08/08/23^(b)(f)		6,000		6,565,800
Fifth Third Bancorp, Series H, (3 mo. LIBOR US + 3.03%), 5.10%^(a)(i)		5,000		5,147,500
Intesa Sanpaolo SpA^(b)
5.71%, 01/15/26^(f)		9,840		11,039,348
4.95%, 06/01/42		3,045		3,155,687
Kasikornbank PCL, (5 year CMT + 1.70%), 3.34%, 10/02/31^(a)(h)		200		201,475
Santander Holdings USA, Inc., 4.40%, 07/13/27		830		932,505
Truist Financial Corp., Series L, (3 mo. LIBOR US + 3.10%), 5.05%^(a)(i)		5,270		5,414,925
Wells Fargo & Co., 5.61%, 01/15/44^(f)		4,119		5,561,149

				44,465,107

Beverages — 2.4%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(f)		6,170		7,584,255
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49^(f)		5,000		6,771,698
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(j)		3,048		3,238,043
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/29^(b)		2,074		2,097,332
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(b)
4.13%, 08/15/26		1,315		1,364,970
5.25%, 08/15/27		1,662		1,691,924
Ball Corp.
5.25%, 07/01/25		30		33,488


Security	Par (000)		Value

Beverages (continued)
Ball Corp. (continued)
3.13%, 09/15/31	$	849	$	838,454
Canpack SA/Eastern PA Land Investment Holding LLC, 3.13%, 11/01/25^(b)		228		231,919
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26		151		186,485
Keurig Dr. Pepper, Inc., 4.60%, 05/25/28^(f)		3,215		3,732,378
Trivium Packaging Finance BV^(b)(f)
5.50%, 08/15/26		2,830		2,963,887
8.50%, 08/15/27		3,036		3,259,905

				33,994,738

Biotechnology — 0.6%
Baxalta, Inc., 5.25%, 06/23/45^(f)		6,000		8,009,016
HCRX Investments Holdco LP, 4.50%, 08/01/29^(b)		272		273,360

				8,282,376

Building Materials^(b)— 0.3%
CP Atlas Buyer, Inc., 7.00%, 12/01/28		361		361,902
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25		783		837,810
Jeld-Wen, Inc.
4.63%, 12/15/25		96		97,472
4.88%, 12/15/27		74		77,111
Masonite International Corp., Class C, 5.38%, 02/01/28		206		216,918
SRM Escrow Issuer LLC, 6.00%, 11/01/28		1,169		1,237,679
Standard Industries, Inc.
5.00%, 02/15/27		303		312,469
4.38%, 07/15/30		906		924,120
3.38%, 01/15/31		86		81,846
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29		386		405,300
Victors Merger Corp., 6.38%, 05/15/29		249		238,417

				4,791,044

Building Products^(b)— 0.3%
LBM Acquisition LLC, 6.25%, 01/15/29		705		704,648
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26		364		382,200
SRS Distribution, Inc.
4.63%, 07/01/28		897		915,119
6.13%, 07/01/29		805		829,150
White Cap Buyer LLC, 6.88%, 10/15/28		1,172		1,236,460

				4,067,577

Capital Markets — 1.1%
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(a)(e)(i)		5,215		5,379,273
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)		447		467,674
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.75%, 09/15/24		520		540,800
6.25%, 05/15/26		782		817,190
5.25%, 05/15/27		1,995		2,069,813
4.38%, 02/01/29		435		434,456
Jefferies Financial Group, Inc., 5.50%, 10/18/23^(f)		4,000		4,255,362
NFP Corp., 6.88%, 08/15/28^(b)		589		601,398
RP Escrow Issuer LLC, 5.25%, 12/15/25^(b)		340		349,775
State Street Corp., (SOFR + 2.65%), 3.15%, 03/30/31^(a)		840		917,969

				15,833,710


Security	Par (000)		Value

Chemicals — 2.6%
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)	$	760	$	739,100
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)		372		387,810
Diamond (BC) BV, 4.63%, 10/01/29^(b)		535		543,025
DuPont de Nemours, Inc., 5.42%, 11/15/48^(f)		7,500		10,317,059
Element Solutions, Inc., 3.88%, 09/01/28^(b)		2,810		2,838,100
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(b)		299		305,727
Herens Holdco Sarl, 4.75%, 05/15/28^(b)		290		291,450
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)		203		223,808
Ingevity Corp., 3.88%, 11/01/28^(b)		100		99,750
International Flavors & Fragrances, Inc., 3.47%, 12/01/50^(b)		4,765		5,000,755
LYB Finance Co. BV, 8.10%, 03/15/27^(b)(f)		6,000		7,870,320
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)		240		250,800
SCIH Salt Holdings, Inc.^(b)
4.88%, 05/01/28		526		528,630
6.63%, 05/01/29		371		356,160
Scotts Miracle-Gro Co., 4.00%, 04/01/31^(b)		547		545,972
Valvoline, Inc., 3.63%, 06/15/31^(b)		3		2,963
WESCO Distribution, Inc.^(b)
7.13%, 06/15/25		1,485		1,584,688
7.25%, 06/15/28		1,354		1,499,555
WR Grace Holdings LLC^(b)
5.63%, 10/01/24		1,493		1,634,835
5.63%, 08/15/29		1,947		2,005,429

				37,025,936

Commercial Services & Supplies — 0.8%
ADT Security Corp.
4.13%, 06/15/23		174		182,051
4.88%, 07/15/32^(b)		636		641,565
AerCap Global Aviation Trust, (3 mo. LIBOR US + 4.30%), 6.50%, 06/15/45^(a)(b)		5,000		5,418,200
APX Group, Inc., 5.75%, 07/15/29^(b)		555		547,813
ASGN, Inc., 4.63%, 05/15/28^(b)		230		238,050
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/29^(b)		223		235,689
Fortress Transportation & Infrastructure Investors LLC^(b)
6.50%, 10/01/25		163		167,789
5.50%, 05/01/28		645		649,338
Herc Holdings, Inc., 5.50%, 07/15/27^(b)		796		835,183
Metis Merger Sub LLC, 6.50%, 05/15/29^(b)		443		430,817
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)		356		369,243
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)
5.75%, 04/15/26		252		272,604
3.38%, 08/31/27		63		60,441
6.25%, 01/15/28		626		647,146
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(b)		200		205,750
United Rentals North America, Inc.
4.88%, 01/15/28		777		821,475
5.25%, 01/15/30		44		48,180

				11,771,334

Communications Equipment — 0.6%
Avaya, Inc., 6.13%, 09/15/28^(b)		1,258		1,322,749
CommScope Technologies LLC, 6.00%, 06/15/25^(b)		646		654,075
CommScope, Inc.^(b)
6.00%, 03/01/26		591		613,653
8.25%, 03/01/27		69		72,224


Security	Par (000)		Value

Communications Equipment (continued)
CommScope, Inc.^(b)(continued)
7.13%, 07/01/28	$	1,030	$	1,051,084
4.75%, 09/01/29		1,042		1,040,698
Nokia OYJ, 6.63%, 05/15/39		324		442,260
ViaSat, Inc.^(b)
5.63%, 04/15/27		1,208		1,259,340
6.50%, 07/15/28		1,296		1,364,973
Viavi Solutions, Inc., 3.75%, 10/01/29^(b)		587		588,291

				8,409,347

Construction Materials^(b)— 0.3%
American Builders & Contractors Supply Co., Inc., 4.00%, 01/15/28		764		780,235
BCPE Empire Holdings, Inc., 7.63%, 05/01/27		225		223,875
H&E Equipment Services, Inc., 3.88%, 12/15/28		132		131,485
IAA, Inc., 5.50%, 06/15/27		1,054		1,101,430
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28^(g)		163		164,834
Picasso Finance Sub, Inc., 6.13%, 06/15/25		823		870,232
Williams Scotsman International, Inc., 4.63%, 08/15/28		541		563,565
Wolverine Escrow LLC, 9.00%, 11/15/26		43		39,721

				3,875,377

Consumer Discretionary^(b)— 0.6%
Carnival Corp.
10.50%, 02/01/26		1,404		1,628,921
5.75%, 03/01/27		368		380,420
9.88%, 08/01/27		680		784,796
4.00%, 08/01/28		2,041		2,061,410
CoreLogic, Inc., 4.50%, 05/01/28		594		590,288
NCL Finance Ltd., 6.13%, 03/15/28		965		1,001,187
Nielsen Finance LLC/Nielsen Finance Co.
5.63%, 10/01/28		768		796,800
5.88%, 10/01/30		400		421,148
4.75%, 07/15/31		94		91,439
Royal Caribbean Cruises Ltd.
5.50%, 08/31/26		162		166,526
5.50%, 04/01/28		770		787,563
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29		385		385,000

				9,095,498

Consumer Finance — 1.1%
Global Payments, Inc., 2.90%, 05/15/30^(f)		4,715		4,864,835
HealthEquity, Inc., 4.50%, 10/01/29^(b)(g)		574		582,610
MoneyGram International, Inc., 5.38%, 08/01/26^(b)		219		222,285
MPH Acquisition Holdings LLC, 5.50%, 09/01/28^(b)		672		670,152
Navient Corp.
7.25%, 09/25/23		498		543,079
6.13%, 03/25/24		59		63,174
5.00%, 03/15/27		329		338,870
OneMain Finance Corp.
7.13%, 03/15/26		1,231		1,426,421
3.50%, 01/15/27		627		627,282
6.63%, 01/15/28		506		581,900
5.38%, 11/15/29		26		28,180
Sabre GLBL, Inc., 9.25%, 04/15/25^(b)		697		805,586
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)		362		377,838


Security	Par (000)		Value

Consumer Finance (continued)
Square, Inc., 3.50%, 06/01/31^(b)	$	1,282	$	1,314,986
Verscend Escrow Corp., 9.75%, 08/15/26^(b)		3,791		3,994,766

				16,441,964

Containers & Packaging — 1.6%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26		224		240,103
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26		355		365,863
Graphic Packaging International LLC, 3.50%, 03/01/29^(b)		264		262,680
International Paper Co.^(f)
8.70%, 06/15/38		4,000		6,536,771
7.30%, 11/15/39		10,000		15,384,535
LABL, Inc., 10.50%, 07/15/27^(b)		215		231,663
Sealed Air Corp.^(b)
4.00%, 12/01/27		109		116,074
6.88%, 07/15/33		182		237,761

				23,375,450

Diversified Consumer Services — 1.2%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)
6.63%, 07/15/26^(f)		5,419		5,729,400
9.75%, 07/15/27^(f)		1,642		1,786,455
6.00%, 06/01/29		1,313		1,295,655
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28		2,649		2,643,283
Ascend Learning LLC, 6.88%, 08/01/25		1,611		1,640,535
Clarivate Science Holdings Corp.^(b)
3.88%, 07/01/28		848		848,000
4.88%, 07/01/29		1,068		1,070,083
Garda World Security Corp., 9.50%, 11/01/27^(b)		282		305,223
Service Corp. International
5.13%, 06/01/29		468		508,786
3.38%, 08/15/30		585		583,815
4.00%, 05/15/31		766		791,853

				17,203,088

Diversified Financial Services — 5.3%
Barclays PLC
4.84%, 05/09/28^(f)		4,000		4,521,078
(3 mo. LIBOR US + 1.90%), 4.97%, 05/16/29^(a)		3,220		3,743,628
BNP Paribas SA, (5 year CMT + 3.34%), 4.63%^(a)(b)(i)		13,999		14,296,479
Citigroup, Inc., 6.68%, 09/13/43^(f)		4,125		6,281,396
Coinbase Global, Inc.^(b)
3.38%, 10/01/28		623		598,597
3.63%, 10/01/31		603		573,227
Credit Suisse Group AG, (5 year USD Swap + 4.60%), 7.50%^(a)(b)(i)		3,250		3,550,625
Deutsche Bank AG, (SOFR + 1.87%), 2.13%, 11/24/26^(a)		3,260		3,311,405
Doric Nimrod Air Alpha Pass-Through Trust, Series 2013-1, Class A, 5.25%, 05/30/23^(b)		738		740,619
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(j)		326		320,726
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28^(b)		675		684,281
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.25%, 02/01/27^(b)		178		176,220


Security	Par (000)		Value

Diversified Financial Services (continued)
Lloyds Banking Group PLC, 4.65%, 03/24/26^(f)	$	8,650	$	9,721,658
Manappuram Finance Ltd., 5.90%, 01/13/23^(h)		200		205,288
Natwest Group PLC
6.10%, 06/10/23		2,500		2,713,653
6.00%, 12/19/23^(f)		10,080		11,168,710
5.13%, 05/28/24^(f)		5,250		5,784,467
Shriram Transport Finance Co. Ltd.^(h)
5.95%, 10/24/22		200		203,225
5.10%, 07/16/23		229		232,764
Spectrum Brands, Inc.
5.75%, 07/15/25		1,002		1,027,050
5.00%, 10/01/29^(b)		72		77,400
UniCredit SPA, (5 year CMT + 4.75%), 5.46%, 06/30/35^(a)(b)		6,135		6,768,405

				76,700,901

Diversified Telecommunication Services — 6.8%
AT&T, Inc.
4.65%, 06/01/44		28		32,764
4.35%, 06/15/45		95		107,300
3.50%, 09/15/53^(f)		15,960		15,795,931
3.55%, 09/15/55		727		716,926
Cincinnati Bell, Inc.^(b)
7.00%, 07/15/24		222		225,936
8.00%, 10/15/25		132		137,570
Consolidated Communications, Inc., 6.50%, 10/01/28^(b)		1,313		1,426,246
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(b)		1,040		1,067,300
Level 3 Financing, Inc.
5.38%, 05/01/25		614		627,239
4.63%, 09/15/27^(b)		1,065		1,095,672
3.75%, 07/15/29^(b)		181		174,933
Lumen Technologies, Inc.
5.63%, 04/01/25^(f)		1,909		2,076,037
5.13%, 12/15/26^(b)		1,317		1,366,388
4.00%, 02/15/27^(b)		890		909,402
4.50%, 01/15/29^(b)		906		877,896
5.38%, 06/15/29^(b)		988		1,008,116
Series P, 7.60%, 09/15/39		85		95,200
Series U, 7.65%, 03/15/42		464		519,680
Series Y, 7.50%, 04/01/24^(f)		564		624,630
Sprint Capital Corp.
6.88%, 11/15/28		2,765		3,539,200
8.75%, 03/15/32		1,764		2,635,169
Switch Ltd.^(b)
3.75%, 09/15/28		821		833,315
4.13%, 06/15/29		538		552,123
Telecom Italia Capital SA
6.38%, 11/15/33		442		514,355
6.00%, 09/30/34		818		918,205
7.20%, 07/18/36		186		227,850
7.72%, 06/04/38		319		408,320
Telecom Italia SpA, 5.30%, 05/30/24^(b)		1,662		1,790,556
Telefonica Emisiones SAU, 5.21%, 03/08/47		5,000		6,240,246
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 01/15/30^(b)(g)		325		322,156
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 4.75%, 04/15/28^(b)		729		744,491
Verizon Communications, Inc.^(f)
6.40%, 09/15/33		9,475		12,881,106
6.55%, 09/15/43		13,225		20,602,980


Security	Par (000)		Value

Diversified Telecommunication Services (continued)
Verizon Communications, Inc.^(f)(continued)
5.01%, 04/15/49	$	6,998	$	9,167,329
Zayo Group Holdings, Inc.^(b)
4.00%, 03/01/27		5,098		5,073,683
6.13%, 03/01/28		2,586		2,621,635

				97,957,885

Electric Utilities — 4.2%
Edison International, (5 year CMT + 4.70%), 5.38%^(a)(i)		6,851		7,084,277
Emera, Inc., Series 16-A, (3 mo. LIBOR US + 5.44%), 6.75%, 06/15/76^(a)		7,500		8,917,575
FirstEnergy Corp.
2.65%, 03/01/30		341		339,295
Series B, 4.40%, 07/15/27		376		412,539
Series B, 2.25%, 09/01/30		46		44,390
Series C, 7.38%, 11/15/31		922		1,259,507
Series C, 5.35%, 07/15/47		1,110		1,353,505
Series C, 3.40%, 03/01/50		708		680,643
FirstEnergy Transmission LLC, 5.45%, 07/15/44^(b)		849		1,082,089
NextEra Energy Capital Holdings, Inc., (3 mo. LIBOR US + 2.41%), 4.80%, 12/01/77^(a)		5,000		5,609,846
NextEra Energy Operating Partners LP^(b)
4.25%, 07/15/24		712		753,830
4.25%, 09/15/24		26		27,430
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42		2,750		3,749,257
Pacific Gas and Electric Co., 4.20%, 06/01/41		2,310		2,268,870
PG&E Corp., 5.25%, 07/01/30		226		231,367
Progress Energy, Inc., 7.00%, 10/30/31^(f)		12,000		16,361,206
Puget Energy, Inc., 5.63%, 07/15/22^(f)		5,550		5,697,706
Sempra Energy, (5 year CMT + 4.55%), 4.88%^(a)(i)		4,375		4,746,875

				60,620,207

Electrical Equipment^(b)— 0.1%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26		714		740,775
GrafTech Finance, Inc., 4.63%, 12/15/28		296		303,770

				1,044,545

Electronic Equipment, Instruments & Components — 0.2%
BWX Technologies, Inc., 4.13%, 04/15/29^(b)		120		122,850
CDW LLC/CDW Finance Corp.
4.13%, 05/01/25		371		384,449
3.25%, 02/15/29		715		732,875
Energizer Holdings, Inc.^(b)
4.75%, 06/15/28		450		457,760
4.38%, 03/31/29		41		40,690
Imola Merger Corp., 4.75%, 05/15/29^(b)		1,337		1,383,152

				3,121,776

Energy Equipment & Services — 0.2%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27		515		540,750
6.25%, 04/01/28		607		627,774
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26		586		610,144
6.88%, 09/01/27		1,216		1,287,258

				3,065,926

Entertainment — 0.0%
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)(g)		461		449,152


Security	Par (000)		Value

Environmental, Maintenance, & Security Service — 0.5%
Clean Harbors, Inc., 5.13%, 07/15/29^(b)	$	1,278	$	1,399,410
Covanta Holding Corp., 5.00%, 09/01/30		309		312,090
GFL Environmental, Inc.^(b)
3.75%, 08/01/25		587		603,876
5.13%, 12/15/26^(f)		1,887		1,981,558
4.00%, 08/01/28		199		197,507
3.50%, 09/01/28		504		507,150
4.75%, 06/15/29		680		698,700
Tervita Corp., 11.00%, 12/01/25^(b)(e)		194		219,513
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)		1,010		1,020,100

				6,939,904

Equity Real Estate Investment Trusts (REITs) — 1.5%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27^(b)		364		360,360
Crown Castle International Corp., 3.30%, 07/01/30		1,220		1,300,207
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)		258		256,180
Host Hotels & Resorts LP, Series D, 3.75%, 10/15/23^(f)		3,600		3,768,526
Iron Mountain, Inc.^(b)
4.88%, 09/15/27		606		629,137
5.25%, 07/15/30		299		317,308
5.63%, 07/15/32		778		834,405
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
5.63%, 05/01/24		4,627		5,031,862
4.63%, 06/15/25^(b)		755		813,513
4.50%, 09/01/26		1,658		1,803,075
4.50%, 01/15/28		430		469,775
3.88%, 02/15/29^(b)		697		742,305
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27		178		187,568
4.63%, 08/01/29		847		908,831
3.50%, 03/15/31		2,631		2,683,620
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27		1,500		1,552,455
RLJ Lodging Trust LP, 4.00%, 09/15/29^(b)		199		198,690

				21,857,817

Food & Staples Retailing — 2.0%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
5.75%, 03/15/25		49		49,975
3.25%, 03/15/26^(b)		1,296		1,315,440
4.63%, 01/15/27^(b)		1,885		1,977,429
5.88%, 02/15/28^(b)		928		988,320
4.88%, 02/15/30^(b)		142		153,005
General Mills, Inc.
4.20%, 04/17/28		620		706,476
2.88%, 04/15/30		725		762,005
Kraft Heinz Foods Co.
4.25%, 03/01/31		1,341		1,516,029
5.00%, 07/15/35		297		365,240
7.13%, 08/01/39^(b)		4,415		6,665,878
4.63%, 10/01/39		100		116,548
5.00%, 06/04/42		12		14,716
5.20%, 07/15/45		9		11,273
4.38%, 06/01/46		226		257,147
4.88%, 10/01/49		248		301,840
5.50%, 06/01/50		2,825		3,727,222
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(b)		284		312,187


Security	Par (000)		Value

Food & Staples Retailing (continued)
Performance Food Group, Inc., 4.25%, 08/01/29^(b)	$	700	$	701,750
Post Holdings, Inc.^(b)
5.63%, 01/15/28		428		449,657
4.63%, 04/15/30		596		600,607
4.50%, 09/15/31		420		415,015
US Foods, Inc., 4.75%, 02/15/29^(b)		642		658,852
Walmart, Inc., 5.25%, 09/01/35^(f)		5,150		7,104,733

				29,171,344

Food Products^(b)— 0.6%
Aramark Services, Inc.
5.00%, 04/01/25		1,367		1,399,056
6.38%, 05/01/25		1,038		1,091,197
5.00%, 02/01/28		929		954,548
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25		246		255,963
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28		399		431,618
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
6.50%, 04/15/29		2,168		2,422,740
3.75%, 12/01/31		730		759,587
Pilgrim’s Pride Corp., 3.50%, 03/01/32		1,065		1,082,972
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29		624		628,680

				9,026,361

Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(b)		346		358,975


Health Care Equipment & Supplies — 0.2%
Avantor Funding, Inc., 4.63%, 07/15/28^(b)		2,077		2,186,042
Hologic, Inc., 3.25%, 02/15/29^(b)		90		90,043
Medtronic, Inc., 4.63%, 03/15/45^(f)		647		845,074
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 7.25%, 02/01/28^(b)		142		151,958

				3,273,117

Health Care Providers & Services — 4.8%
AdaptHealth LLC, 5.13%, 03/01/30^(b)		209		209,105
Aetna, Inc., 3.88%, 08/15/47		3,500		3,881,605
Anthem, Inc., 4.55%, 03/01/48^(f)		5,000		6,159,958
Centene Corp.
4.25%, 12/15/27		558		584,031
2.45%, 07/15/28		1,091		1,096,455
4.63%, 12/15/29		2,700		2,942,460
3.00%, 10/15/30		1,801		1,846,025
2.50%, 03/01/31		3,059		3,016,939
2.63%, 08/01/31		875		869,085
CHS/Community Health Systems, Inc.^(b)
6.63%, 02/15/25		2,540		2,657,475
8.00%, 03/15/26		1,573		1,668,127
5.63%, 03/15/27		1,180		1,235,613
6.00%, 01/15/29		812		860,720
6.13%, 04/01/30		564		548,053
DaVita, Inc., 4.63%, 06/01/30^(b)		16		16,458
Encompass Health Corp.
4.50%, 02/01/28		106		109,445
4.75%, 02/01/30		1,103		1,160,080
4.63%, 04/01/31		250		262,763


Security	Par (000)		Value

Health Care Providers & Services (continued)
HCA, Inc.
5.38%, 09/01/26	$	665	$	760,860
5.63%, 09/01/28		1,297		1,543,041
5.88%, 02/01/29		312		374,926
3.50%, 09/01/30		1,428		1,512,809
5.25%, 06/15/49		3,500		4,467,223
Legacy LifePoint Health LLC^(b)
6.75%, 04/15/25		409		429,798
4.38%, 02/15/27		491		489,772
LifePoint Health, Inc., 5.38%, 01/15/29^(b)		479		465,827
ModivCare, Inc., 5.88%, 11/15/25^(b)		152		160,740
Molina Healthcare, Inc.^(b)
4.38%, 06/15/28		795		827,102
3.88%, 11/15/30		710		741,950
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(b)		432		463,320
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)		72		76,050
Surgery Center Holdings, Inc.^(b)
6.75%, 07/01/25		375		381,562
10.00%, 04/15/27		972		1,049,760
Teleflex, Inc., 4.25%, 06/01/28^(b)		748		777,239
Tenet Healthcare Corp.
4.63%, 07/15/24		471		478,065
4.63%, 09/01/24^(b)		882		901,845
7.50%, 04/01/25^(b)		367		389,479
4.88%, 01/01/26^(b)(f)		3,889		4,024,804
6.25%, 02/01/27^(b)		144		149,400
5.13%, 11/01/27^(b)		2,180		2,272,650
4.63%, 06/15/28^(b)		37		38,338
6.13%, 10/01/28^(b)		797		837,229
4.25%, 06/01/29^(b)		614		623,210
UnitedHealth Group, Inc., 6.88%, 02/15/38^(f)		10,000		15,309,807

				68,671,203

Health Care Technology^(b)— 0.5%
Catalent Pharma Solutions, Inc.
5.00%, 07/15/27		733		761,404
3.50%, 04/01/30		881		881,000
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25		650		654,875
Charles River Laboratories International, Inc.
4.25%, 05/01/28		324		336,263
3.75%, 03/15/29		141		143,996
4.00%, 03/15/31		204		213,737
IQVIA, Inc.
5.00%, 10/15/26		554		567,778
5.00%, 05/15/27		1,192		1,238,107
MEDNAX, Inc., 6.25%, 01/15/27		217		228,121
Syneos Health, Inc., 3.63%, 01/15/29		1,446		1,441,951

				6,467,232

Hotels, Restaurants & Leisure — 2.6%
1011778 BC ULC/New Red Finance, Inc.^(b)
5.75%, 04/15/25		552		579,517
3.88%, 01/15/28		1,425		1,439,036
4.38%, 01/15/28		2,509		2,547,162
Boyd Gaming Corp.
8.63%, 06/01/25^(b)		169		183,154
4.75%, 12/01/27		393		405,061


Security	Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Boyd Gaming Corp. (continued)
4.75%, 06/15/31^(b)	$	775	$	799,219
Boyne USA, Inc., 4.75%, 05/15/29^(b)		508		524,510
Caesars Entertainment, Inc.^(b)
6.25%, 07/01/25		3,215		3,384,615
8.13%, 07/01/27		2,439		2,741,985
4.63%, 10/15/29		799		808,987
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(b)		1,048		1,104,828
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(b)		1,111		1,154,051
Champion Path Holdings Ltd.^(h)
4.50%, 01/27/26		200		204,000
4.85%, 01/27/28		200		202,413
Churchill Downs, Inc.^(b)
5.50%, 04/01/27		1,907		1,978,512
4.75%, 01/15/28		213		222,851
Fortune Star BVI Ltd.^(h)
5.95%, 10/19/25		269		273,708
5.00%, 05/18/26		344		339,700
Golden Nugget, Inc., 6.75%, 10/15/24^(b)		1,269		1,270,650
Hilton Domestic Operating Co., Inc.
5.38%, 05/01/25^(b)		319		333,355
5.75%, 05/01/28^(b)		451		485,727
4.88%, 01/15/30		1,288		1,381,715
4.00%, 05/01/31^(b)		285		289,275
Las Vegas Sands Corp.
3.50%, 08/18/26		96		98,059
3.90%, 08/08/29		88		89,700
Marriott International, Inc., Series EE, 5.75%, 05/01/25		1,295		1,480,937
McDonald’s Corp., 4.20%, 04/01/50^(f)		480		572,228
Melco Resorts Finance Ltd., 5.38%, 12/04/29^(h)		383		389,320
MGM China Holdings Ltd., 5.88%, 05/15/26^(h)		200		204,288
MGM Resorts International
7.75%, 03/15/22		1,059		1,088,122
6.00%, 03/15/23		1,335		1,411,682
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(b)		538		548,087
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.^(b)
5.63%, 09/01/29		242		244,420
5.88%, 09/01/31		242		244,492
Scientific Games International, Inc.^(b)
8.63%, 07/01/25		442		478,657
8.25%, 03/15/26		2,063		2,189,359
7.00%, 05/15/28		451		486,516
7.25%, 11/15/29		218		244,953
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)		1,648		1,755,120
Studio City Finance Ltd., 5.00%, 01/15/29^(h)		230		212,031
Vail Resorts, Inc., 6.25%, 05/15/25^(b)		341		360,608
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)(f)		602		608,008
Wynn Macau Ltd.^(h)
4.88%, 10/01/24		200		193,475
5.50%, 01/15/26		230		222,238
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/29^(b)		1,103		1,111,272


Security	Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc.
7.75%, 04/01/25^(b)	$	802	$	857,518
4.75%, 01/15/30^(b)		135		146,316
3.63%, 03/15/31		134		134,716

				38,026,153

Household Durables — 0.5%
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, 4.88%, 02/15/30^(b)		770		785,400
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)		507		536,393
Lennar Corp.
4.75%, 11/15/22		1,605		1,657,997
5.25%, 06/01/26		890		1,016,825
Mattamy Group Corp., 4.63%, 03/01/30^(b)		427		436,332
NCR Corp.^(b)
5.75%, 09/01/27		512		539,955
5.00%, 10/01/28		241		246,256
5.13%, 04/15/29		159		163,969
6.13%, 09/01/29		175		189,875
5.25%, 10/01/30		245		256,890
Newell Brands, Inc., 6.00%, 04/01/46		154		199,045
PulteGroup, Inc.
5.00%, 01/15/27		55		63,711
7.88%, 06/15/32		56		80,570
Tempur Sealy International, Inc.^(b)
4.00%, 04/15/29		569		586,070
3.88%, 10/15/31		559		559,699
Toll Brothers Finance Corp., 4.35%, 02/15/28		35		38,325

				7,357,312

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Corp.^(b)
5.25%, 06/01/26		766		788,007
4.50%, 02/15/28		955		974,100
5.13%, 03/15/28		3,279		3,320,755
5.00%, 02/01/31		11		11,000
Clearway Energy Operating LLC^(b)
4.75%, 03/15/28		630		666,918
3.75%, 01/15/32^(g)		307		306,616
Greenko Dutch BV, 3.85%, 03/29/26^(h)		498		506,447
India Green Energy Holdings, 5.38%, 04/29/24^(h)		250		259,375
NRG Energy, Inc.
6.63%, 01/15/27^(e)		618		640,217
5.75%, 01/15/28		52		55,315
5.25%, 06/15/29^(b)		960		1,021,200
3.63%, 02/15/31^(b)		514		504,877
3.88%, 02/15/32^(b)		732		723,765
ReNew Power Pvt Ltd., 5.88%, 03/05/27^(h)		200		209,725
TerraForm Power Operating LLC^(b)
4.25%, 01/31/23		214		219,885
5.00%, 01/31/28		231		248,036
4.75%, 01/15/30		127		132,874

				10,589,112

Insurance — 4.0%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(b)		478		471,934
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27^(b)		2,837		2,936,295
Allstate Corp., Series B, (3 mo. LIBOR US + 2.94%), 5.75%, 08/15/53^(a)		5,000		5,411,250
American International Group, Inc., (3 mo. LIBOR US + 4.20%), 8.18%, 05/15/58^(a)		3,755		5,557,400


Security	Par (000)		Value

Insurance (continued)
AmWINS Group, Inc., 4.88%, 06/30/29^(b)	$	551	$	558,742
Aon PLC, 4.25%, 12/12/42^(f)		6,500		7,465,803
AssuredPartners, Inc., 5.63%, 01/15/29^(b)		581		584,602
Farmers Exchange Capital II, (3 mo. LIBOR US + 3.74%), 6.15%, 11/01/53^(a)(b)		4,890		6,266,252
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)		100		105,500
HUB International Ltd., 7.00%, 05/01/26^(b)		1,724		1,782,185
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40^(b)(f)		12,000		16,889,345
Principal Financial Group, Inc., (3 mo. LIBOR US + 3.04%), 3.17%, 05/15/55^(a)		5,000		5,011,626
Progressive Corp., Series B, (3 mo. LIBOR US + 2.54%), 5.38%^(a)(i)		5,000		5,187,500

				58,228,434

Interactive Media & Services — 0.5%
Cablevision Lightpath LLC^(b)
3.88%, 09/15/27		368		361,137
5.63%, 09/15/28		540		541,958
Netflix, Inc.
3.63%, 06/15/25^(b)		210		223,125
5.88%, 11/15/28		1,698		2,080,729
6.38%, 05/15/29		72		91,080
5.38%, 11/15/29^(b)		2,007		2,430,979
4.88%, 06/15/30^(b)		461		542,827
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27^(b)(g)		309		312,631
Twitter, Inc., 3.88%, 12/15/27^(b)		721		769,667

				7,354,133

Internet Software & Services — 1.4%
ANGI Group LLC, 3.88%, 08/15/28^(b)		582		579,090
Booking Holdings, Inc.
3.55%, 03/15/28^(f)		3,375		3,747,663
4.63%, 04/13/30		2,185		2,597,180
Expedia Group, Inc., 6.25%, 05/01/25^(b)(f)		5,550		6,398,774
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(b)
5.25%, 12/01/27		370		385,725
3.50%, 03/01/29		265		262,681
Match Group Holdings II LLC^(b)
4.13%, 08/01/30		383		398,799
3.63%, 10/01/31^(g)		222		219,365
Uber Technologies, Inc.^(b)
7.50%, 05/15/25		2,018		2,151,188
8.00%, 11/01/26		481		508,357
7.50%, 09/15/27		1,892		2,065,827
6.25%, 01/15/28		440		471,896
4.50%, 08/15/29		967		973,648

				20,760,193

IT Services — 0.8%
Booz Allen Hamilton, Inc.^(b)
3.88%, 09/01/28		735		753,463
4.00%, 07/01/29		995		1,019,875
Camelot Finance SA, 4.50%, 11/01/26^(b)		1,254		1,302,593
Dun & Bradstreet Corp.^(b)
6.88%, 08/15/26		1,210		1,268,988
10.25%, 02/15/27		822		883,650
Gartner, Inc.^(b)
4.50%, 07/01/28		587		616,350
3.63%, 06/15/29		499		502,792
3.75%, 10/01/30		984		1,012,733
Leidos, Inc., 4.38%, 05/15/30		2,215		2,502,086


Security	Par (000)		Value

IT Services (continued)
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(b)(f)	$	508	$	499,110
Twilio, Inc., 3.88%, 03/15/31		772		790,381
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)		551		548,245

				11,700,266

Leisure Products — 0.1%
Mattel, Inc.
5.88%, 12/15/27^(b)		503		545,126
3.75%, 04/01/29^(b)		213		222,053
6.20%, 10/01/40		325		417,625
5.45%, 11/01/41		501		593,685

				1,778,489

Machinery^(b)— 0.5%
Colfax Corp., 6.38%, 02/15/26		671		705,691
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(j)		166		176,375
Madison IAQ LLC
4.13%, 06/30/28		200		200,000
5.88%, 06/30/29		904		910,780
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25		878		899,406
Terex Corp., 5.00%, 05/15/29		618		640,402
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26		1,307		1,335,395
TK Elevator US Newco Inc., 5.25%, 07/15/27		1,547		1,621,217
Vertical Holdco GmbH, 7.63%, 07/15/28		596		636,975

				7,126,241

Media — 9.1%
Altice Financing SA^(b)
5.00%, 01/15/28		863		832,126
5.75%, 08/15/29^(g)		2,009		1,945,978
Altice France Holding SA^(b)
10.50%, 05/15/27		4,955		5,418,788
6.00%, 02/15/28		734		704,989
AMC Networks, Inc., 4.25%, 02/15/29		263		261,685
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 05/01/27^(b)(f)		3,132		3,261,383
5.00%, 02/01/28^(b)		162		169,112
5.38%, 06/01/29^(b)		1,823		1,968,840
4.75%, 03/01/30^(b)		313		327,234
4.50%, 08/15/30^(b)		3,662		3,778,159
4.25%, 02/01/31^(b)		1,456		1,481,262
4.50%, 05/01/32		745		767,350
4.50%, 06/01/33^(b)		326		331,777
4.25%, 01/15/34^(b)		2,335		2,313,109
Charter Communications Operating LLC/Charter Communications Operating Capital
6.38%, 10/23/35		479		629,836
6.48%, 10/23/45^(f)		9,584		13,030,218
5.38%, 05/01/47		1,500		1,795,944
6.83%, 10/23/55		3,540		5,231,972
Clear Channel Outdoor Holdings, Inc.^(b)
7.75%, 04/15/28		1,307		1,375,617
7.50%, 06/01/29		1,701		1,769,040
Clear Channel Worldwide Holdings, Inc., 5.13%, 08/15/27^(b)(f)		6,446		6,670,385
Comcast Corp.
3.75%, 04/01/40		545		612,321


Security	Par (000)		Value

Media (continued)
Comcast Corp. (continued)
2.99%, 11/01/63^(b)	$	5,558	$	5,208,367
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(b)(f)		4,988		5,218,695
Cox Communications, Inc., 8.38%, 03/01/39^(b)		5,000		8,244,484
CSC Holdings LLC
5.25%, 06/01/24		1,061		1,136,522
5.38%, 02/01/28^(b)		336		351,120
7.50%, 04/01/28^(b)		877		947,842
5.75%, 01/15/30^(b)		406		412,790
4.13%, 12/01/30^(b)		680		667,250
4.63%, 12/01/30^(b)		1,058		1,002,958
3.38%, 02/15/31^(b)		225		209,250
4.50%, 11/15/31^(b)		680		671,500
5.00%, 11/15/31^(b)		542		519,480
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 5.88%, 08/15/27^(b)		775		808,906
Discovery Communications LLC, 4.88%, 04/01/43		4,000		4,789,867
DISH DBS Corp.
5.88%, 07/15/22		2,545		2,622,941
5.88%, 11/15/24		164		176,346
7.75%, 07/01/26		2,123		2,397,345
5.13%, 06/01/29		1,191		1,166,930
Fox Corp., 3.05%, 04/07/25		475		505,550
Frontier Communications Holdings LLC^(b)
5.88%, 10/15/27		1,001		1,063,562
5.00%, 05/01/28		1,372		1,440,600
6.75%, 05/01/29		1,347		1,419,401
Gray Television, Inc., 7.00%, 05/15/27^(b)		415		445,087
Hughes Satellite Systems Corp., 5.25%, 08/01/26		351		395,752
iHeartCommunications, Inc.
6.38%, 05/01/26		370		390,387
8.38%, 05/01/27		74		78,375
5.25%, 08/15/27^(b)		376		390,687
4.75%, 01/15/28^(b)		184		189,612
Lamar Media Corp., 4.00%, 02/15/30		307		316,056
LCPR Senior Secured Financing DAC^(b)
6.75%, 10/15/27		955		1,012,300
5.13%, 07/15/29		963		991,842
Ligado Networks LLC, (15.50% PIK), 15.50%,
11/01/23^(b)(j)		764		741,300
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(b)		293		302,895
Live Nation Entertainment, Inc.^(b)
4.88%, 11/01/24		136		137,519
6.50%, 05/15/27		2,164		2,380,400
4.75%, 10/15/27		391		397,348
3.75%, 01/15/28		411		408,560
Midas OpCo Holdings LLC, 5.63%, 08/15/29^(b)		209		216,263
Network i2i Ltd., (5 year CMT + 4.27%), 5.65%^(a)(h)(i)		345		367,058
News Corp., 3.88%, 05/15/29^(b)		257		264,067
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27		476		488,209
4.25%, 01/15/29		256		253,734
Radiate Holdco LLC/Radiate Finance, Inc.^(b)
4.50%, 09/15/26		1,219		1,258,617
6.50%, 09/15/28		2,880		2,936,621
Scripps Escrow II, Inc., 3.88%, 01/15/29^(b)		37		37,129
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)		85		83,088


Security	Par (000)		Value

Media (continued)
Sirius XM Radio, Inc.^(b)
3.13%, 09/01/26	$	1,020	$	1,034,025
5.00%, 08/01/27		394		411,730
4.00%, 07/15/28		849		863,327
5.50%, 07/01/29		1,254		1,355,887
4.13%, 07/01/30		2		2,009
3.88%, 09/01/31		1,034		1,010,089
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(b)		1,000		1,050,500
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(b)		381		350,520
Time Warner Cable LLC, 6.55%, 05/01/37		3,519		4,748,134
UPC Broadband Finco BV, 4.88%, 07/15/31^(b)		934		956,285
ViacomCBS, Inc.
5.85%, 09/01/43		1,300		1,771,611
(3 mo. LIBOR US + 3.90%), 5.88%, 02/28/57^(a)		2,111		2,137,493
Videotron Ltd.^(b)
5.13%, 04/15/27		999		1,033,965
3.63%, 06/15/29		747		757,271
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)		1,452		1,499,698
WMG Acquisition Corp., 3.88%, 07/15/30^(b)		263		273,520
Ziggo Bond Co. BV, 6.00%, 01/15/27^(b)		955		987,289
Ziggo BV^(b)
5.50%, 01/15/27		775		801,156
4.88%, 01/15/30		605		623,906

				131,810,152

Metals & Mining — 2.3%
ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28^(h)		306		332,864
Allegheny Technologies, Inc., 7.88%, 08/15/23		286		321,750
AngloGold Ashanti Holdings PLC, 5.13%, 08/01/22^(f)		5,000		5,146,250
Arconic Corp.^(b)
6.00%, 05/15/25		705		740,405
6.13%, 02/15/28		552		585,131
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)		2,157		2,332,256
Commercial Metals Co., 4.88%, 05/15/23		2,194		2,295,473
Constellium SE^(b)
5.88%, 02/15/26		1,701		1,726,515
3.75%, 04/15/29		1,077		1,048,912
Freeport-McMoRan, Inc.
4.38%, 08/01/28		887		928,024
5.40%, 11/14/34		65		78,081
5.45%, 03/15/43		1,607		1,978,619
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(b)		817		832,932
Kaiser Aluminum Corp.^(b)
4.63%, 03/01/28		704		726,880
4.50%, 06/01/31		266		272,650
Mongolian Mining Corp/Energy Resources LLC, 9.25%, 04/15/24^(h)		200		179,500
New Gold, Inc., 7.50%, 07/15/27^(b)		1,357		1,396,190
Novelis Corp.^(b)
3.25%, 11/15/26		862		874,223
4.75%, 01/30/30		2,583		2,719,124
3.88%, 08/15/31		1,244		1,230,378
Periama Holdings LLC, 5.95%, 04/19/26^(h)		200		214,100
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(b)(g)		249		255,225
Southern Copper Corp., 5.88%, 04/23/45		3,870		5,234,175


Security	Par (000)		Value

Metals & Mining (continued)
Steel Dynamics, Inc., 3.25%, 10/15/50	$	1,145	$	1,131,072
Vedanta Resources Finance II PLC
8.00%, 04/23/23^(h)		200		194,225
13.88%, 01/21/24^(h)		200		214,750
8.95%, 03/11/25^(b)		210		209,475
8.95%, 03/11/25^(h)		200		199,500

				33,398,679

Multi-line Retail — 0.2%
Bath & Body Works, Inc., 6.88%, 11/01/35		1,119		1,404,345
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(b)		820		870,225

				2,274,570

Multi-Utilities — 0.2%
NiSource, Inc., 3.60%, 05/01/30		2,200		2,411,804


Offshore Drilling & Other Services — 0.1%
Lam Research Corp., 4.88%, 03/15/49		875		1,179,480


Oil, Gas & Consumable Fuels — 16.7%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)		1,038		1,121,040
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)
7.88%, 05/15/26		207		226,344
5.75%, 03/01/27		654		675,615
5.75%, 01/15/28		127		131,604
5.38%, 06/15/29		425		437,750
Antero Resources Corp., 5.38%, 03/01/30^(b)		230		242,225
Apache Corp.
4.25%, 01/15/30		458		493,504
5.10%, 09/01/40		688		770,546
5.25%, 02/01/42		57		62,558
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
9.00%, 11/01/27		576		789,120
8.25%, 12/31/28		55		59,950
5.88%, 06/30/29		173		176,758
Brand Industrial Services, Inc., 8.50%, 07/15/25^(b)		984		987,690
Buckeye Partners LP
4.13%, 03/01/25^(b)		594		615,538
5.85%, 11/15/43		383		383,345
5.60%, 10/15/44		376		365,660
Callon Petroleum Co.
6.13%, 10/01/24		282		277,130
9.00%, 04/01/25^(b)		2,092		2,262,090
8.00%, 08/01/28^(b)		1,170		1,155,375
Cenovus Energy, Inc.
3.00%, 08/15/22		183		186,026
3.80%, 09/15/23		104		109,470
5.38%, 07/15/25		1,186		1,350,921
5.40%, 06/15/47		77		94,468
Cheniere Energy Partners LP
5.63%, 10/01/26		380		390,450
4.50%, 10/01/29		1,206		1,282,135
4.00%, 03/01/31^(b)		1,350		1,413,720
3.25%, 01/31/32^(b)		1,006		1,009,320
Cheniere Energy, Inc., 4.63%, 10/15/28		3,534		3,723,953
Chesapeake Energy Corp., 5.88%, 02/01/29^(b)		80		85,476
Cimarex Energy Co., 4.38%, 06/01/24		38		40,976


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
CNOOC Petroleum North America ULC, 6.40%, 05/15/37	$	2,000	$	2,653,070
CNX Resources Corp., 6.00%, 01/15/29^(b)		18		19,035
Colgate Energy Partners III LLC^(b)
7.75%, 02/15/26		276		290,490
5.88%, 07/01/29		429		432,218
Comstock Resources, Inc.^(b)
7.50%, 05/15/25		569		591,521
6.75%, 03/01/29		816		881,280
5.88%, 01/15/30		671		697,840
ConocoPhillips, 4.88%, 10/01/47^(b)		3,815		4,962,637
Continental Resources, Inc., 4.90%, 06/01/44		2,879		3,224,480
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(b)		757		805,107
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(b)		1,677		1,716,326
DCP Midstream Operating LP^(b)
6.45%, 11/03/36		247		306,917
6.75%, 09/15/37		1,527		1,969,830
Devon Energy Corp.^(b)
8.25%, 08/01/23		811		907,708
5.25%, 09/15/24		100		110,765
5.25%, 10/15/27		130		138,177
5.88%, 06/15/28		204		224,864
4.50%, 01/15/30		117		127,517
Diamondback Energy, Inc.
4.75%, 05/31/25		2,170		2,423,954
3.50%, 12/01/29		692		740,050
DT Midstream, Inc.^(b)
4.13%, 06/15/29		894		906,570
4.38%, 06/15/31		1,092		1,124,760
eG Global Finance PLC^(b)
6.75%, 02/07/25		703		718,818
8.50%, 10/30/25		787		819,464
El Paso Natural Gas Co. LLC, 8.63%, 01/15/22		2,345		2,399,865
Enbridge, Inc.^(a)
(3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78		5,000		5,572,468
Series 16-A, (3 mo. LIBOR US + 3.89%), 6.00%, 01/15/77		5,880		6,512,615
Endeavor Energy Resources LP/EER Finance, Inc.^(b)
6.63%, 07/15/25		322		339,308
5.50%, 01/30/26		2,136		2,226,566
5.75%, 01/30/28		518		545,195
Energy Transfer LP
4.25%, 03/15/23		553		576,499
5.88%, 01/15/24^(f)		3,366		3,699,312
6.13%, 12/15/45		3,579		4,553,941
Series B, (3 mo. LIBOR US + 4.16%), 6.63%^(a)(i)		5,000		4,862,500
Energy Transfer Operating LP
5.20%, 02/01/22^(f)		10,200		10,236,463
5.50%, 06/01/27		406		476,372
EnLink Midstream LLC
5.63%, 01/15/28^(b)		380		404,601
5.38%, 06/01/29		188		198,899
EnLink Midstream Partners LP
4.40%, 04/01/24		613		637,164
4.15%, 06/01/25		48		49,465
4.85%, 07/15/26		64		67,181
5.60%, 04/01/44		523		499,465
5.05%, 04/01/45		68		62,050


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Enterprise Products Operating LLC
4.90%, 05/15/46^(f)	$	5,375	$	6,596,506
Series E, (3 mo. LIBOR US + 3.03%), 5.25%, 08/16/77^(a)		4,800		5,022,183
EOG Resources, Inc., 4.38%, 04/15/30^(f)		2,965		3,461,604
EQM Midstream Partners LP
4.13%, 12/01/26		226		232,147
4.75%, 01/15/31^(b)		1,255		1,305,225
EQT Corp.
3.13%, 05/15/26^(b)		368		377,244
3.90%, 10/01/27		573		620,118
5.00%, 01/15/29		135		152,003
7.50%, 02/01/30		376		483,987
3.63%, 05/15/31^(b)		104		108,368
Exxon Mobil Corp., 3.45%, 04/15/51^(f)		3,890		4,136,735
Genesis Energy LP/Genesis Energy Finance Corp., 7.75%, 02/01/28		293		292,725
GMR Hyderabad International Airport Ltd.^(h)
5.38%, 04/10/24		200		204,475
4.25%, 10/27/27		200		191,038
Great Western Petroleum LLC/Great Western Finance Corp., 12.00%, 09/01/25^(b)		40		40,611
Harvest Midstream I LP, 7.50%, 09/01/28^(b)		115		122,492
Hess Corp., 5.80%, 04/01/47^(f)		5,000		6,511,551
Hess Midstream Operations LP, 4.25%, 02/15/30^(b)		529		534,951
Independence Energy Finance LLC, 7.25%, 05/01/26^(b)		976		1,004,997
ITT Holdings LLC, 6.50%, 08/01/29^(b)		711		717,221
Kinder Morgan, Inc.
7.80%, 08/01/31		197		280,983
7.75%, 01/15/32^(f)		4,586		6,579,494
Marathon Petroleum Corp.
4.75%, 12/15/23		1,230		1,329,614
4.70%, 05/01/25^(f)		4,280		4,777,534
5.13%, 12/15/26		937		1,089,565
Matador Resources Co., 5.88%, 09/15/26		1,540		1,591,898
Medco Oak Tree Pte Ltd., 7.38%, 05/14/26^(h)		200		212,725
MEG Energy Corp., 6.50%, 01/15/25^(b)		1,187		1,221,387
MPLX LP
4.13%, 03/01/27		825		921,168
5.20%, 03/01/47		3,500		4,245,122
4.70%, 04/15/48^(f)		5,000		5,772,855
5.50%, 02/15/49		2,640		3,346,426
Murphy Oil Corp.
5.75%, 08/15/25		49		50,579
6.38%, 12/01/42		47		47,359
Murphy Oil USA, Inc., 4.75%, 09/15/29		323		341,976
New Fortress Energy, Inc.^(b)
6.75%, 09/15/25		2,347		2,258,988
6.50%, 09/30/26		2,156		2,061,675
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(b)		434		442,138
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)		1,117		1,600,793
Northern Oil and Gas, Inc., 8.13%, 03/01/28^(b)		1,020		1,089,615
NuStar Logistics LP
6.00%, 06/01/26		373		402,840
6.38%, 10/01/30		45		49,500
Occidental Petroleum Corp.
6.95%, 07/01/24		92		103,960
5.50%, 12/01/25		218		241,435


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Occidental Petroleum Corp. (continued)
5.55%, 03/15/26	$	79	$	87,690
3.00%, 02/15/27		10		9,992
8.88%, 07/15/30		17		23,093
6.13%, 01/01/31		522		626,648
4.30%, 08/15/39		915		902,446
6.20%, 03/15/40		1,461		1,720,620
4.50%, 07/15/44		682		685,280
4.63%, 06/15/45		842		860,945
4.40%, 04/15/46		902		899,610
4.10%, 02/15/47		177		168,309
4.20%, 03/15/48		914		875,155
4.40%, 08/15/49		161		157,981
Ovintiv Exploration, Inc., 5.38%, 01/01/26		70		79,146
Ovintiv, Inc.
7.38%, 11/01/31		171		231,954
6.50%, 08/15/34		104		140,263
PDC Energy, Inc.
6.25%, 12/01/25		135		137,025
5.75%, 05/15/26		759		790,309
Petroleos Mexicanos
3.50%, 01/30/23		5,000		5,062,500
4.63%, 09/21/23^(f)		3,965		4,096,836
4.88%, 01/18/24		2,000		2,070,375
Plains All American Pipeline LP, Series B, (3 mo. LIBOR US + 4.11%), 6.13%^(a)(i)		2,215		2,004,575
Range Resources Corp.
5.88%, 07/01/22		280		284,550
5.00%, 08/15/22		559		568,956
5.00%, 03/15/23^(f)		551		571,663
4.88%, 05/15/25		30		31,674
9.25%, 02/01/26		111		120,996
Rockcliff Energy II LLC, 5.50%, 10/15/29^(b)		411		417,165
Rockies Express Pipeline LLC, 6.88%, 04/15/40^(b)		580		643,800
Sabine Pass Liquefaction LLC
5.63%, 04/15/23^(f)		10,510		11,169,128
5.75%, 05/15/24		2,575		2,867,800
5.88%, 06/30/26		1,481		1,742,985
SM Energy Co.
10.00%, 01/15/25^(b)		1,870		2,085,761
5.63%, 06/01/25		44		44,252
6.75%, 09/15/26		292		298,217
Southwestern Energy Co.
4.10%, 03/15/22		550		551,375
6.45%, 01/23/25		115		126,623
5.38%, 02/01/29^(b)		819		876,174
Sunoco LP/Sunoco Finance Corp.
6.00%, 04/15/27		141		146,816
5.88%, 03/15/28		317		334,435
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.88%, 04/15/26		669		698,687
5.38%, 02/01/27		5		5,181
6.50%, 07/15/27		228		245,836
6.88%, 01/15/29		921		1,031,957
5.50%, 03/01/30		912		997,215
4.88%, 02/01/31		317		341,964
TransCanada PipeLines Ltd., 4.88%, 05/15/48		4,000		5,046,268
Transcanada Trust, (3 mo. LIBOR US + 3.53%), 5.63%, 05/20/75^(a)		2,755		2,971,956


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Transocean, Inc., 11.50%, 01/30/27^(b)	$	294	$	302,820
Venture Global Calcasieu Pass LLC^(b)
3.88%, 08/15/29		1,625		1,673,831
4.13%, 08/15/31		1,506		1,570,005
Vine Energy Holdings LLC, 6.75%, 04/15/29^(b)		1,286		1,388,083
Western Midstream Operating LP
5.45%, 04/01/44		12		13,784
5.30%, 03/01/48		1,180		1,359,950
5.50%, 08/15/48		61		71,370
6.50%, 02/01/50		1,525		1,794,590
Williams Cos., Inc.
3.70%, 01/15/23		2,245		2,318,654
4.55%, 06/24/24		527		574,932
8.75%, 03/15/32		2,478		3,789,261
5.10%, 09/15/45^(f)		5,075		6,283,263

				240,802,623

Personal Products — 0.0%
Edgewell Personal Care Co., 5.50%, 06/01/28^(b)		140		147,858


Pharmaceuticals — 4.7%
180 Medical, Inc., 3.88%, 10/15/29^(b)(g)		282		282,000
AbbVie, Inc.
2.80%, 03/15/23		3,000		3,086,469
4.75%, 03/15/45^(f)		5,485		6,849,459
4.70%, 05/14/45^(f)		3,255		4,015,750
Bausch Health Americas, Inc., 8.50%, 01/31/27^(b)		1,137		1,211,132
Bausch Health Cos., Inc.^(b)
9.00%, 12/15/25		1,014		1,070,252
5.75%, 08/15/27		326		341,485
7.00%, 01/15/28		536		549,239
5.00%, 01/30/28		37		35,103
5.00%, 02/15/29		1,023		952,669
6.25%, 02/15/29		1,122		1,110,241
7.25%, 05/30/29		1,242		1,272,864
CVS Health Corp.^(f)
5.13%, 07/20/45		3,879		4,998,977
5.05%, 03/25/48		8,205		10,561,494
Elanco Animal Health, Inc., 5.90%, 08/28/28		353		413,010
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.50%, 07/31/27^(b)(f)		719		720,596
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc., 6.13%, 04/01/29^(b)		983		983,000
Jaguar Holding Co. II/PPD Development LP^(b)
4.63%, 06/15/25		183		190,091
5.00%, 06/15/28		1,361		1,464,899
Jazz Securities DAC, 4.38%, 01/15/29^(b)		1,053		1,091,224
Merck & Co., Inc., 6.50%, 12/01/33^(f)		6,420		9,425,816
Organon & Co./Organon Foreign Debt Co-Issuer BV^(b)
4.13%, 04/30/28		1,633		1,665,660
5.13%, 04/30/31		1,599		1,679,510
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25^(b)		394		409,248
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(b)		3,021		3,077,644
PRA Health Sciences, Inc., 2.88%, 07/15/26^(b)		1,021		1,031,210
Prestige Brands, Inc., 3.75%, 04/01/31^(b)		318		306,870
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30^(f)		8,270		8,140,285
Teva Pharmaceutical Finance Netherlands III BV, 7.13%, 01/31/25		200		217,475

				67,153,672


Security	Par (000)		Value

Producer Durables: Miscellaneous — 0.3%
Oracle Corp., 3.95%, 03/25/51	$	4,425	$	4,666,689


Professional Services^(b)(g)— 0.2%
Mozart Debt Merger Sub, Inc.
3.88%, 04/01/29		968		968,000
5.25%, 10/01/29		2,097		2,097,000

				3,065,000

Real Estate Management & Development — 1.9%
Agile Group Holdings Ltd.^(h)
5.75%, 01/02/25		200		187,500
6.05%, 10/13/25		200		187,500
Central China Real Estate Ltd., 7.65%, 08/27/23^(h)		200		126,000
China Aoyuan Group Ltd.^(h)
7.95%, 02/19/23		230		207,000
6.20%, 03/24/26		420		319,200
China Evergrande Group^(h)
10.00%, 04/11/23		300		71,625
7.50%, 06/28/23		300		72,375
9.50%, 03/29/24		300		71,363
10.50%, 04/11/24		350		83,125
China SCE Group Holdings Ltd.^(h)
7.25%, 04/19/23		200		194,350
7.38%, 04/09/24		200		192,000
CIFI Holdings Group Co. Ltd., 6.00%, 07/16/25^(h)		200		198,500
Dexin China Holdings Co. Ltd., 9.95%, 12/03/22^(h)		930		838,337
Easy Tactic Ltd.^(h)
9.13%, 07/28/22		200		157,400
12.38%, 11/18/22		200		156,000
Fantasia Holdings Group Co. Ltd.^(h)
7.95%, 07/05/22		1,050		357,000
10.88%, 01/09/23		343		106,330
11.88%, 06/01/23		200		62,000
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(b)		183		191,235
Global Prime Capital Pte Ltd., 5.95%, 01/23/25^(h)		200		206,100
GLP Pte Ltd., (5 year CMT + 3.74%), 4.50%^(a)(h)(i)		200		196,250
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(b)		360		365,400
Hopson Development Holdings Ltd., 7.00%,
05/18/24^(h)		229		215,661
Howard Hughes Corp.^(b)
5.38%, 08/01/28		762		802,957
4.13%, 02/01/29		176		176,220
4.38%, 02/01/31		204		205,206
Kaisa Group Holdings Ltd.^(h)
11.50%, 01/30/23		200		168,850
10.88%, 07/23/23		200		164,475
9.75%, 09/28/23		200		157,500
11.95%, 11/12/23		249		204,180
9.38%, 06/30/24		1,150		885,500
Kennedy-Wilson, Inc., 4.75%, 02/01/30		282		286,300
KWG Group Holdings Ltd., 5.88%, 11/10/24^(h)		400		364,000
Logan Group Co. Ltd.^(h)
5.75%, 01/14/25		230		228,275
4.50%, 01/13/28		269		246,807
Modern Land China Co. Ltd., 11.50%, 11/13/22^(h)		1,130		940,231
New Metro Global Ltd.^(h)
4.80%, 12/15/24		200		188,500
4.50%, 05/02/26		1,070		981,725


Security	Par (000)		Value

Real Estate Management & Development (continued)
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29^(b)(f)	$	4,485	$	4,597,580
Powerlong Real Estate Holdings Ltd.^(h)
6.25%, 08/10/24		200		192,500
5.95%, 04/30/25		840		805,350
Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 01/15/29^(b)		362		375,488
Redsun Properties Group Ltd.^(h)
10.50%, 10/03/22		200		184,788
9.70%, 04/16/23		229		210,107
RKPF Overseas Ltd.^(h)
Series 2019-A, 6.70%, 09/30/24		200		198,500
Series 2019-A, 5.90%, 03/05/25		200		193,750
Series 2020-A, 5.20%, 01/12/26		306		282,667
Ronshine China Holdings Ltd.^(h)
7.35%, 12/15/23		307		228,715
6.75%, 08/05/24		940		648,600
7.10%, 01/25/25		200		136,000
Seazen Group Ltd., 6.00%, 08/12/24^(h)		400		386,000
Shimao Group Holdings Ltd., 3.45%, 01/11/31^(h)		200		178,750
Shui On Development Holding Ltd.^(h)
6.15%, 08/24/24		200		198,500
5.50%, 03/03/25		230		223,675
Sunac China Holdings Ltd.^(h)
7.95%, 10/11/23		200		163,000
7.50%, 02/01/24		200		162,500
6.65%, 08/03/24		200		160,000
6.50%, 01/10/25		200		162,000
7.00%, 07/09/25		1,078		859,705
Theta Capital Pte Ltd., 8.13%, 01/22/25^(h)		200		207,725
Times China Holdings Ltd.^(h)
6.75%, 07/08/25		1,176		1,076,040
5.75%, 01/14/27		326		285,250
Wanda Group Overseas Ltd., 7.50%, 07/24/22^(h)		200		188,000
Wanda Properties International Co. Ltd., 7.25%, 01/29/24^(h)		860		829,900
Yango Justice International Ltd.^(h)
8.25%, 11/25/23		200		138,000
7.50%, 04/15/24		200		154,000
Yanlord Land HK Co. Ltd., 5.13%, 05/20/26^(h)		200		196,250
Yuzhou Group Holdings Co. Ltd.^(h)
8.50%, 02/26/24		200		157,000
8.38%, 10/30/24		200		153,500
7.70%, 02/20/25		200		143,000
8.30%, 05/27/25		200		146,500
7.38%, 01/13/26		1,300		871,000
Zhenro Properties Group Ltd.^(h)
8.35%, 03/10/24		200		191,038
7.88%, 04/14/24		230		207,618
7.35%, 02/05/25		1,100		948,750

				27,204,723

Road & Rail — 1.9%
BNSF Funding Trust I, (3 mo. LIBOR US + 2.35%), 6.61%, 12/15/55^(a)		6,125		6,982,500
CSX Corp., 3.80%, 04/15/50		770		873,631
Norfolk Southern Corp., 6.00%, 03/15/2105^(f)		12,700		18,347,618
Seaspan Corp., 5.50%, 08/01/29^(b)		683		697,220

				26,900,969


Security	Par (000)		Value

Semiconductors & Semiconductor Equipment — 2.7%
Analog Devices, Inc., 2.95%, 04/01/25	$	2,010	$	2,144,098
Broadcom, Inc.^(f)
4.70%, 04/15/25		5,865		6,534,324
5.00%, 04/15/30		10,970		12,810,363
Microchip Technology, Inc., 4.25%, 09/01/25		1,825		1,908,459
NVIDIA Corp.
3.50%, 04/01/50^(f)		2,785		3,120,407
3.70%, 04/01/60		1,760		2,049,238
NXP BV/NXP Funding LLC/NXP USA, Inc., 3.40%, 05/01/30^(b)		1,755		1,899,020
ON Semiconductor Corp., 3.88%, 09/01/28^(b)		728		751,660
QUALCOMM, Inc., 4.30%, 05/20/47^(f)		3,500		4,343,802
Sensata Technologies BV^(b)
5.63%, 11/01/24		695		769,219
5.00%, 10/01/25		572		629,915
4.00%, 04/15/29		433		440,772
Sensata Technologies, Inc., 4.38%, 02/15/30^(b)		1,774		1,908,753

				39,310,030

Software — 1.2%
Black Knight InfoServ LLC, 3.63%, 09/01/28^(b)		859		863,295
Boxer Parent Co., Inc.^(b)
7.13%, 10/02/25		764		815,455
9.13%, 03/01/26		336		352,316
CDK Global, Inc., 4.88%, 06/01/27		457		478,584
Crowdstrike Holdings, Inc., 3.00%, 02/15/29		470		468,426
Elastic NV, 4.13%, 07/15/29^(b)		718		721,590
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl, 4.63%, 05/01/28^(b)		205		201,925
MSCI, Inc.^(b)
3.63%, 09/01/30		131		135,421
3.88%, 02/15/31		862		904,023
3.63%, 11/01/31		264		274,712
3.25%, 08/15/33		397		401,550
Open Text Corp., 3.88%, 02/15/28^(b)		474		483,480
Open Text Holdings, Inc., 4.13%, 02/15/30^(b)		901		925,777
Playtika Holding Corp., 4.25%, 03/15/29^(b)		954		957,043
PTC, Inc.^(b)
3.63%, 02/15/25		166		168,490
4.00%, 02/15/28		867		889,759
Rocket Software, Inc., 6.50%, 02/15/29^(b)		1,141		1,129,590
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)(f)		4,171		4,404,294
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)		3,081		3,204,240

				17,779,970

Specialty Retail^(b)— 0.4%
PetSmart, Inc./PetSmart Finance Corp.
4.75%, 02/15/28		731		751,102
7.75%, 02/15/29		3,203		3,495,274
Staples, Inc.
7.50%, 04/15/26		1,666		1,689,699
10.75%, 04/15/27		276		268,755

				6,204,830

Technology Hardware, Storage & Peripherals — 0.6%
Dell International LLC/EMC Corp.
7.13%, 06/15/24^(b)		1,233		1,260,742
5.85%, 07/15/25		2,395		2,786,363
8.35%, 07/15/46		2,355		3,819,472

				7,866,577


Security	Par (000)		Value

Textiles, Apparel & Luxury Goods^(b)— 0.1%
Hanesbrands, Inc., 5.38%, 05/15/25	$	117	$	122,485
Levi Strauss & Co., 3.50%, 03/01/31		236		238,360
William Carter Co., 5.63%, 03/15/27		365		378,377
Wolverine World Wide, Inc., 4.00%, 08/15/29		209		211,090

				950,312

Thrifts & Mortgage Finance — 0.2%
Home Point Capital, Inc., 5.00%, 02/01/26^(b)		449		407,027
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.25%, 10/01/25^(b)		268		271,330
MGIC Investment Corp., 5.25%, 08/15/28		337		359,596
Nationstar Mortgage Holdings, Inc.^(b)
6.00%, 01/15/27		794		831,159
5.50%, 08/15/28		416		428,480
5.13%, 12/15/30		303		303,670
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.^(b)(g)
2.88%, 10/15/26		386		377,199
4.00%, 10/15/33		391		388,068

				3,366,529

Tobacco — 2.0%
Altria Group, Inc., 10.20%, 02/06/39^(f)		13,392		22,853,679
BAT Capital Corp., 4.54%, 08/15/47		3,000		3,107,867
Reynolds American, Inc., 5.85%, 08/15/45		2,335		2,801,666

				28,763,212

Transportation Infrastructure — 0.6%
FedEx Corp., 5.25%, 05/15/50^(e)		6,000		7,923,138
Signature Aviation US Holdings, Inc., 4.00%, 03/01/28^(b)		541		542,352

				8,465,490

Utilities — 0.2%
Consensus Cloud Solutions, Inc., 6.50%, 10/15/28^(b)(g)		286		296,796
India Green Power Holdings, 4.00%, 02/22/27^(h)		250		249,969
Midland Cogeneration Venture LP, 5.25%, 03/15/25^(b)(f)		—		—
Mong Doung Finacial Holdings BV, 5.13%, 05/07/29^(h)		305		303,631
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)		1,087		1,133,197
Vistra Operations Co. LLC^(b)
5.63%, 02/15/27		812		840,469
4.38%, 05/01/29		471		473,887

				3,297,949

Wireless Telecommunication Services — 3.5%
Altice France SA^(b)
7.38%, 05/01/26^(f)		2,825		2,931,220
8.13%, 02/01/27		1,112		1,196,512
5.50%, 01/15/28		1,180		1,199,736
5.13%, 01/15/29		338		331,240
5.13%, 07/15/29		2,406		2,359,023
5.50%, 10/15/29^(g)		978		968,105
American Tower Corp., 3.60%, 01/15/28		4,000		4,354,911
Crown Castle International Corp.
3.65%, 09/01/27^(f)		8,000		8,795,784
4.15%, 07/01/50		820		930,979
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd., 8.75%, 05/25/24^(b)		635		656,153
SBA Communications Corp.
4.88%, 09/01/24		1,938		1,970,413
3.88%, 02/15/27		2,781		2,881,811


Security	Par (000)		Value

Wireless Telecommunication Services (continued)
Sprint Corp.
7.88%, 09/15/23	$	421	$	470,404
7.13%, 06/15/24		796		906,007
7.63%, 03/01/26		1,196		1,449,223
T-Mobile USA, Inc.
4.75%, 02/01/28		913		970,063
2.63%, 02/15/29		438		442,625
3.88%, 04/15/30		2,925		3,229,674
2.88%, 02/15/31		881		888,488
3.50%, 04/15/31		821		865,855
3.50%, 04/15/31^(b)		751		792,031
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 02/15/29^(b)		1,030		1,059,525
VICI Properties LP/VICI Note Co., Inc.^(b)
3.50%, 02/15/25		946		964,920
4.25%, 12/01/26		2,963		3,094,350
3.75%, 02/15/27		1,004		1,039,140
4.63%, 12/01/29		1,298		1,395,350
4.13%, 08/15/30		3,067		3,251,020
Vmed O2 UK Financing I PLC, 4.75%, 07/15/31^(b)		1,434		1,465,089

				50,859,651

Total Corporate Bonds — 113.1% (Cost: $1,455,295,222)				1,633,838,705


Floating Rate Loan Interests^(a)(k)

Oil, Gas & Consumable Fuels — 0.1%
Ascent Resources Utica LLC, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%, 1.00% Floor), 10.00%, 11/01/25		784		857,171


Total Floating Rate Loan Interests — 0.1% (Cost: $784,000)				857,171


Foreign Agency Obligations

Brazil — 0.4%
Brazilian Government International Bond, 5.00%, 01/27/45		6,525		6,085,786


Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44		4,000		4,167,000


Indonesia — 0.3%
Indonesia Government International Bond, 5.88%, 01/15/24^(b)		4,400		4,908,200


Mexico — 0.4%
Mexico Government International Bond, 4.75%, 03/08/44^(f)		5,800		6,167,212


Pakistan — 0.1%
Pakistan Government International Bond^(h) 6.00%, 04/08/26		200		198,022


Security	Par (000)		Value

Pakistan (continued)
Pakistan Government International Bond^(h)(continued)
7.38%, 04/08/31	$	200	$	199,272
Pakistan Water & Power Development Authority, 7.50%, 06/04/31^(h)		200		197,820

				595,114

Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50		3,500		4,453,313


Total Foreign Agency Obligations — 1.8% (Cost: $24,247,424)				26,376,625


Municipal Bonds

New York — 0.9%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31		10,000		12,984,700


Total Municipal Bonds — 0.9% (Cost: $9,833,900)				12,984,700


Preferred Securities

Capital Trusts — 14.0%

Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%^(a)(i)		2,565		2,952,956


Banks^(a)(i)— 4.5%
CIT Group, Inc., Series A, 5.80%		3,000		3,063,750
HSBC Capital Funding Dollar 1 LP, 10.18%^(b)(f)		11,835		19,472,125
Huntington Bancshares, Inc., Series F, 5.63%		6,450		7,561,980
Industrial & Commercial Bank of China Ltd., 3.20%^(h)		300		300,750
ING Groep NV, 3.88%		6,104		5,920,270
Kasikornbank PCL, 5.28%^(h)		268		280,445
Macquarie Bank Ltd., 6.13%^(b)		1,885		2,065,960
Nanyang Commercial Bank Ltd., 5.00%^(h)		200		201,938
Nordea Bank Abp^(b)
3.75%		1,415		1,392,006
6.13%		5,540		6,059,375
Rizal Commercial Banking Corp., 6.50%^(h)		200		211,538
SVB Financial Group, Series C, 4.00%		2,388		2,447,700
TMBThanachart Bank PCL, 4.90%^(h)		200		201,913
US Bancorp, Series J, 5.30%^(f)		10,415		11,903,303
Wells Fargo & Co.
Series S, 5.90%		281		302,426
Series U, 5.88%		2,655		2,959,024

				64,344,503

Capital Markets — 0.0%
State Street Corp., Series F, 3.71%^(a)(i)		618		620,966


Diversified Financial Services — 6.6%
Bank of America Corp.^(a)(i)
Series AA, 6.10%		8,630		9,623,572
Series U, 5.20%^(f)		5,785		5,951,319
Barclays PLC^(a)(i)
4.38%		1,630		1,628,859


Security	Par (000)		Value

Diversified Financial Services (continued)
Barclays PLC^(a)(i)(continued)
8.00%	$	4,500	$	5,082,210
BNP Paribas SA^(a)(b)(i)
7.20%^(f)		5,000		5,250,000
6.75%^(f)		5,000		5,074,200
7.38%		4,535		5,260,600
Citigroup, Inc., 5.90%^(a)(i)		2,210		2,303,925
Credit Agricole SA, 8.13%^(a)(b)(i)		5,000		6,037,500
Credit Suisse Group AG, 7.50%^(a)(b)(i)		1,865		1,995,550
HSBC Holdings PLC, 6.50%^(a)(i)		2,615		2,945,693
JPMorgan Chase & Co.
8.75%, 09/01/30		2,000		2,978,595
Series Q, 5.15%^(a)(i)		4,000		4,115,002
Series R, 6.00%^(a)(f)(i)		7,408		7,815,440
Series S, 6.75%^(a)(f)(i)		9,775		10,728,062
Lloyds Banking Group PLC, 7.50%^(a)(i)		8,285		9,611,498
Natwest Group PLC, 8.00%^(a)(i)		970		1,145,813
UBS Group AG, 7.00%^(a)(b)(f)(i)		7,500		8,182,200

				95,730,038

Electric Utilities — 0.6%
PPL Capital Funding, Inc., Series A, 2.80%, 03/30/67^(a)(e)		8,300		8,008,421


Insurance — 1.5%
ACE Capital Trust II, 9.70%, 04/01/30^(f)		7,000		10,500,382
Equitable of Iowa Cos. Capital Trust II, Series B, 8.42%, 04/01/27		5,000		5,100,815
MetLife, Inc., 6.40%, 12/15/66		5,000		6,421,765

				22,022,962

Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 2.90%, 06/01/67^(a)		2,500		2,278,100


Real Estate Management & Development — 0.0%
NWD Finance BVI Ltd., 4.13%^(a)(h)(i)		409		403,888


Wireless Telecommunication Services — 0.4%
Vodafone Group PLC, 7.00%, 04/04/79^(a)		4,745		5,804,341


Total Capital Trusts — 14.0%				202,166,175


	Shares

Preferred Stocks — 3.2%

Banks^(a)(i)— 2.0%
Citigroup, Inc., Series K, 6.88%		488,320		13,672,960
Wells Fargo & Co., Series Q, 5.85%		550,500		15,056,175

				28,729,135

Capital Markets^(a)(i)— 0.7%
Goldman Sachs Group, Inc., Series J, 5.50%		162,450		4,405,644
State Street Corp., Series D, 5.90%		220,495		6,233,394

				10,639,038

Equity Real Estate Investment Trusts (REITs) — 0.1%
Vornado Realty Trust, Series K, 5.70%⁽ⁱ⁾		50,000		1,251,000


Security	Shares		Value

Interactive Media & Services — 0.4%
ByteDance Ltd., Series E, (Acquired 11/11/20, Cost: $3,526,645)^(c)(d)		32,185	$	5,399,251


Total Preferred Stocks — 3.2%				46,018,424


Total Preferred Securities — 17.2% (Cost: $223,077,401)				248,184,599


Total Long-Term Investments — 138.9% (Cost: $1,795,460,069)				2,005,576,825


Short-Term Securities

Money Market Funds — 0.6%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(l)(m)		9,506,043		9,506,043


Total Short-Term Securities — 0.6% (Cost: $9,506,043)				9,506,043


Options Purchased — 0.1% (Cost: $1,876,500)				1,360,527


Total Investments Before Options Written — 139.6% (Cost: $1,806,842,612)				2,016,443,395


Options Written — (0.0)% (Premiums Received: $(606,825))				(381,497	)


Total Investments, Net of Options Written — 139.6% (Cost: $1,806,235,787)				2,016,061,898

Liabilities in Excess of Other Assets — (39.6)%				(572,061,686	)


Net Assets — 100.0%			$	1,444,000,212

^(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 $6,043,741, representing 0.4% of its net assets as of period end, and an original cost of $3,668,675.

^(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)	When-issued security.

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

⁽ⁱ⁾	Perpetual security with no stated maturity date.

^(j)	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.

^(k)	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.

^(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 September 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

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 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 $586,316,284 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 09/30/21		Shares Held at 09/30/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	24,122,699	$	—	$	(14,616,656	)^(a)	$	—	$	—	$	9,506,043		9,506,043	$	1,529	$	—


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

Long Contracts
Ultra U.S. Treasury Bond		98		12/21/21	$	18,773	$	(467,007	)


Short Contracts
10-Year U.S. Treasury Note		430		12/21/21		56,639		609,305
10-Year U.S. Ultra Long Treasury Note		68		12/21/21		9,891		158,757
U.S. Long Bond		107		12/21/21		17,067		398,438
5-Year U.S. Treasury Note		121		12/31/21		14,858		87,727

								1,254,227

							$	787,220


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

Put
iShares iBoxx $ High Yield Corporate Bond ETF		11,549	10/15/21	USD	86.50	USD	101,042	$	306,048
iShares Russell 2000 ETF		2,887	10/15/21	USD	214.00	USD	63,153		848,778

								$	1,154,826


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

Put
iShares iBoxx $ High Yield Corporate Bond ETF		11,549	10/15/21	USD	84.50	USD	101,042	$	(121,265	)
iShares Russell 2000 ETF		2,887	10/15/21	USD	200.00	USD	63,153		(209,307	)

								$	(330,572	)


Currency Abbreviation

CNH		Chinese Yuan

USD		United States Dollar


	Level 1			Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—		$	80,822,398		$	1,330,249	$	82,152,647
Common Stocks
Oil, Gas & Consumable Fuels		537,888			644,490			—		1,182,378
Corporate Bonds		—			1,632,272,163			1,566,542		1,633,838,705
Floating Rate Loan Interests		—			857,171			—		857,171
Foreign Agency Obligations		—			26,376,625			—		26,376,625
Municipal Bonds		—			12,984,700			—		12,984,700
Preferred Securities
Capital Trusts		—			202,166,175			—		202,166,175
Preferred Stocks		40,619,173			—			5,399,251		46,018,424
Short-Term Securities
Money Market Funds		9,506,043			—			—		9,506,043
Options Purchased
Equity Contracts		1,154,826			—			—		1,154,826
Foreign Currency Exchange Contracts		—			205,701			—		205,701

	$	51,817,930		$	1,956,329,423		$	8,296,042	$	2,016,443,395

Derivative Financial Instruments^(a)
Assets
Interest Rate Contracts	$	1,254,227		$	—		$	—	$	1,254,227
Liabilities
Equity Contracts		(330,572	)		—			—		(330,572	)
Foreign Currency Exchange Contracts		—			(50,925	)		—		(50,925	)
Interest Rate Contracts		(467,007	)		—			—		(467,007	)

	$	456,648		$	(50,925	)	$	—	$	405,723



Portfolio Abbreviation

BAB		Build America Bond

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

CR		Custodian Receipt

DAC		Designated Activity Company


Portfolio Abbreviation (continued)

ETF		Exchange-Traded Fund

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

PCL		Public Company Limited

PIK		Payment-in-Kind

RB		Revenue Bond

REIT		Real Estate Investment Trust

SOFR		Secured Overnight Financing Rate