BlackRock Debt Strategies Fund


Security		Shares		Value

Common Stocks — 0.0%

Diversified Financial Services — 0.0%
Kcad Holdings I Ltd.^(a)(b)			1,075,282,733	$	10,753


Energy Equipment & Services — 0.0%
McDermott International, Inc.^(b)			12,276		712


Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.^(b)			10,718		589


Media — 0.0%
Adelphia Communications Corp., Class A^(a)(b)(c)			400,000		4
Adelphia Recovery Trust^(b)			396,568		753

					757

Metals & Mining — 0.0%
Ameriforge Group, Inc.			1,664		83,200
Preferred Proppants LLC^(a)			14,576		58,304

					141,504

Semiconductors & Semiconductor Equipment — 0.0%
SunPower Corp.^(b)			1,707		8,655


Software — 0.0%
Avaya Holdings Corp.^(b)			40		324


Total Common Stocks — 0.0% (Cost — $12,497,579)					163,294


Security		Par (000)		Value

Asset-Backed Securities — 0.3%
ALM XIV Ltd., Series 2020-1A, Class A2, (3 mo. LIBOR US + 1.85%), 3.36%, 10/15/29^(d)(e)	USD		500		425,602
Gulf Stream Meridian Ltd., Series 2020-IA^(a)^(d)(e):
Class A1, (3 mo. LIBOR US + 1.37%), 1.64%, 04/15/33			750		749,175
Class B, (3 mo. LIBOR US + 2.00%), 3.64%, 04/15/33			250		249,600


Total Asset-Backed Securities — 0.3% (Cost — $1,500,000)					1,424,377


Corporate Bonds — 14.0%

Aerospace & Defense — 0.7%
Arconic, Inc., 5.13%, 10/01/24			241		237,988
Bombardier, Inc.^(d):
6.13%, 01/15/23			664		468,120
7.50%, 12/01/24			58		39,150
7.50%, 03/15/25			73		52,159
7.88%, 04/15/27			40		26,694


Security		Par (000)		Value
Aerospace & Defense (continued)
Global Aircraft Leasing Co. Ltd., (6.5% Cash or 7.25% PIK), 6.50%, 09/15/24^(d)^(f)	USD		44	$	28,201
Signature Aviation US Holdings, Inc.^(d):
5.38%, 05/01/26			42		40,635
4.00%, 03/01/28			229		206,741
TransDigm UK Holdings PLC, 6.88%, 05/15/26			493		458,490
TransDigm, Inc., 6.25%, 03/15/26^(d)			1,453		1,447,551
Wolverine Escrow LLC, 9.00%, 11/15/26^(d)			231		187,687

					3,193,416

Auto Components — 0.1%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.75%, 09/15/24			153		140,716
6.38%, 12/15/25			3		2,835
5.25%, 05/15/27			138		127,477
NM Holdings Co. LLC, Series B, 9.50%, 07/01/05^(a)(b)(c)			5,125		1
Panther BF Aggregator 2 LP/Panther Finance Co., Inc.:
4.38%, 05/15/26	EUR		134		122,664
6.25%, 05/15/26^(d)	USD		122		115,290
Tesla, Inc., 5.30%, 08/15/25^(d)			104		97,500
Venture Holdings Co. LLC, 12.00%, 06/01/09^(a)(b)(c)			5,150		1

					606,484

Banks — 0.0%
Banca Monte dei Paschi di Siena SpA, 2.63%, 04/28/25	EUR		100		91,538
Banco Espirito Santo SA^(b)^(c):
2.63%, 05/08/17			100		17,646
4.75%, 01/15/21			200		35,293
4.00%, 01/21/21			100		17,646

					162,123

Building Products — 0.2%
Beacon Roofing Supply, Inc., 4.88%, 11/01/25^(d)	USD		35		31,588
CPG Merger Sub LLC, 8.00%, 10/01/21^(d)			446		432,799
Masonite International Corp., 5.38%, 02/01/28^(d)			198		194,594
Standard Industries, Inc.^(d):
5.50%, 02/15/23			2		1,930


Security		Par (000)		Value

Building Products (continued)
Standard Industries, Inc.^(d) (continued):
6.00%, 10/15/25	USD		238	$	233,906

					894,817

Capital Markets — 0.0%
LABL Escrow Issuer LLC, 6.75%, 07/15/26^(d)			116		106,720


Chemicals — 0.4%
Ashland Services BV, 2.00%, 01/30/28	EUR		100		95,676
Atotech Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(d)^(f)	USD		400		360,000
Atotech Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(d)			636		585,915
Blue Cube Spinco LLC:
9.75%, 10/15/23			133		138,154
10.00%, 10/15/25			283		298,593
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(d)			134		124,620
Monitchem HoldCo 3 SA, 5.25%, 03/15/25	EUR		100		91,541
PQ Corp., 5.75%, 12/15/25^(d)	USD		307		276,300
Valvoline, Inc., 4.25%, 02/15/30^(d)			128		119,987

					2,090,786

Commercial Services & Supplies — 0.1%
Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 07/15/27^(d)			72		67,853
Core & Main LP, 6.13%, 08/15/25^(d)			273		253,890
Summer BC Holdco B Sarl, 5.75%, 10/31/26	EUR		100		91,761
United Rentals North America, Inc., 5.88%, 09/15/26	USD		46		46,589

					460,093

Communications Equipment — 0.1%
ViaSat, Inc., 5.63%, 04/15/27^(d)			358		353,525

Construction & Engineering — 0.1%
Brand Industrial Services, Inc., 8.50%, 07/15/25^(d)			314		246,553
PulteGroup, Inc., 7.88%, 06/15/32			23		25,300
SPIE SA, 2.63%, 06/18/26	EUR		100		98,323
SRS Distribution, Inc., 8.25%, 07/01/26^(d)	USD		258		196,080

					566,256

Construction Materials — 0.2%
American Builders & Contractors Supply Co., Inc., 4.00%, 01/15/28^(d)			156		141,960
Core & Main Holdings LP, (8.625% Cash or 9.38% PIK), 8.63%, 09/15/24^(d)(f)			336		307,440
HD Supply, Inc., 5.38%, 10/15/26^(d)			219		212,894


Security		Par (000)		Value

Construction Materials (continued)
Williams Scotsman International, Inc., 6.88%, 08/15/23^(d)	USD		531	$	483,210

					1,145,504

Consumer Discretionary — 0.1%
Dun & Bradstreet Corp., 6.88%, 08/15/26^(d)			312		324,480


Consumer Finance — 0.6%
Husky III Holding Ltd., (13.00% PIK), 13.00%, 02/15/25^(d)(f)			473		347,409
Navient Corp.:
7.25%, 09/25/23			5		4,850
6.13%, 03/25/24			96		88,800
5.88%, 10/25/24			180		165,600
5.00%, 03/15/27			20		17,194
Refinitiv US Holdings, Inc.:
4.50%, 05/15/26	EUR		100		109,187
4.50%, 05/15/26^(d)			855		933,549
6.25%, 05/15/26^(d)	USD		15		15,488
Springleaf Finance Corp., 5.38%, 11/15/29			114		104,310
Verscend Escrow Corp., 9.75%, 08/15/26^(d)			1,072		1,069,985

					2,856,372

Containers & Packaging — 0.4%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(d)^(f)			641		550,555
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.13%, 08/15/26^(d)			200		199,000
4.75%, 07/15/27	GBP		100		113,342
OI European Group BV, 2.88%, 02/15/25	EUR		100		102,128
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, 7.00%, 07/15/24^(d)	USD		223		226,624
Trivium Packaging Finance BV, 8.50%, 08/15/27^(d)			814		818,070

					2,009,719

Diversified Consumer Services — 0.1%
APX Group, Inc., 7.88%, 12/01/22			163		153,275
Ascend Learning LLC, 6.88%, 08/01/25^(d)			558		541,260

					694,535

Diversified Financial Services — 0.9%
Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.63%, 07/15/26^(d)			792		778,140
Altice France Holding SA:
8.00%, 05/15/27⁽ⁱ⁾	EUR		200		231,596


Security		Par (000)		Value

Diversified Financial Services (continued)
Altice France Holding SA (continued):
10.50%, 05/15/27^(d)	USD		1,761	$	1,857,855
6.00%, 02/15/28^(d)			272		239,273
Arrow Global Finance PLC, 5.13%, 09/15/24	GBP		100		106,821
Citigroup, Inc., Series V, (Secured Overnight Financing Rate + 3.23%), 4.70%^(g)(h)	USD		410		351,206
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(d)			200		199,000
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(f)	EUR		100		91,680
Murphy Oil USA, Inc., 4.75%, 09/15/29	USD		119		111,562
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(d)			211		193,078
VZ Vendor Financing BV, 2.50%, 01/31/24	EUR		100		103,893

					4,264,104

Diversified Telecommunication Services — 0.4%
CenturyLink, Inc.:
5.13%, 12/15/26^(d)	USD		638		638,000
Series P, 7.60%, 09/15/39			177		171,690
Oi SA, (10.00% Cash or 12.00% PIK), 10.00%, 07/27/25^(f)			20		13,650
SoftBank Group Corp.:
4.00%, 04/20/23	EUR		100		101,058
4.00%, 09/19/29			100		88,214
Telecom Italia Capital SA:
6.38%, 11/15/33	USD		58		58,870
6.00%, 09/30/34			479		474,210
7.20%, 07/18/36			14		14,490
7.72%, 06/04/38			51		53,918
Telecom Italia SpA:
5.30%, 05/30/24^(d)			314		315,589
2.75%, 04/15/25	EUR		100		103,397
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(d)	USD		131		125,079

					2,158,165

Electric Utilities — 0.0%
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/20^(a)(b)(c)^(e)			2,375		—


Energy Equipment & Services — 0.1%
Archrock Partners LP/Archrock Partners Finance Corp., 6.88%, 04/01/27^(d)			107		75,981
Gates Global LLC/Gates Global Co., 6.25%, 01/15/26^(d)			280		247,800
USA Compression Partners LP/USA Compression Finance Corp.:
6.88%, 04/01/26			344		215,000


Security		Par (000)		Value

Energy Equipment & Services (continued)
USA Compression Partners LP/USA Compression Finance Corp. (continued):
6.88%, 09/01/27	USD		254	$	157,480

					696,261

Environmental, Maintenance, & Security Service — 0.1%
Tervita Corp., 7.63%, 12/01/21^(d)			380		266,000


Equity Real Estate Investment Trusts (REITs) — 0.3%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(d)			128		103,857
GLP Capital LP/GLP Financing II, Inc.:
5.25%, 06/01/25			90		83,250
5.38%, 04/15/26			80		70,912
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
4.50%, 09/01/26			139		115,370
4.50%, 01/15/28			520		442,000
MPT Operating Partnership LP/MPT Finance Corp., 4.63%, 08/01/29			329		305,970
Ryman Hospitality Properties, Inc., 4.75%, 10/15/27^(d)			664		498,000

					1,619,359

Equity Real Estate Investment Trusts (REITs) — 0.1%
VICI Properties LP/VICI Note Co., Inc., 4.63%, 12/01/29^(d)			356		324,807


Food & Staples Retailing — 0.1%
Kraft Heinz Foods Co., 4.63%, 10/01/39^(d)			88		78,807
Post Holdings, Inc., 4.63%, 04/15/30^(d)			268		256,610

					335,417

Food Products — 0.4%
Aramark Services, Inc., 5.00%, 02/01/28^(d)			23		21,404
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25^(d)			454		413,140
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28^(d)			118		125,727
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.^(d):
6.50%, 04/15/29			311		333,610
5.50%, 01/15/30			37		38,203
Kraft Heinz Foods Co.:
5.00%, 07/15/35			100		99,421
6.88%, 01/26/39			164		187,587
6.50%, 02/09/40			125		136,396
5.20%, 07/15/45			101		97,101
4.38%, 06/01/46			217		195,477


Security		Par (000)		Value

Food Products (continued)
Kraft Heinz Foods Co. (continued):
4.88%, 10/01/49^(d)	USD		208	$	189,127
Simmons Foods, Inc., 7.75%, 01/15/24^(d)			174		174,000

					2,011,193

Health Care Equipment & Supplies — 0.3%
Avantor, Inc.^(d):
6.00%, 10/01/24			911		954,455
9.00%, 10/01/25			192		202,118
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22^(d)			187		176,715

					1,333,288

Health Care Providers & Services — 0.9%
AHP Health Partners, Inc., 9.75%, 07/15/26^(d)			200		173,070
Centene Corp.^(d):
5.38%, 08/15/26			117		119,340
4.25%, 12/15/27			285		279,300
3.38%, 02/15/30			145		134,850
CHS/Community Health Systems, Inc.^(d):
8.63%, 01/15/24			367		362,299
6.63%, 02/15/25			205		189,625
8.00%, 03/15/26			505		479,750
Encompass Health Corp., 5.75%, 11/01/24			69		69,324
HCA, Inc., 3.50%, 09/01/30			528		479,008
LifePoint Health, Inc., 4.38%, 02/15/27^(d)			135		127,170
MPH Acquisition Holdings LLC, 7.13%, 06/01/24^(d)			388		337,583
Polaris Intermediate Corp., (8.50% Cash or 9.25% PIK), 8.50%, 12/01/22^(d)^(f)			302		233,669
Radiology Partners, Inc., 9.25%, 02/01/28^(d)			98		84,843
Surgery Center Holdings, Inc.^(d):
6.75%, 07/01/25			145		104,400
10.00%, 04/15/27			220		154,000
Team Health Holdings, Inc., 6.38%, 02/01/25^(d)			103		38,141
Tenet Healthcare Corp.^(d):
4.88%, 01/01/26			582		554,355


Security		Par (000)		Value

Health Care Providers & Services (continued)
Tenet Healthcare Corp.^(d) (continued):
5.13%, 11/01/27	USD		385	$	366,713

					4,287,440

Health Care Technology — 0.0%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(d)			229		210,680


Hotels, Restaurants & Leisure — 0.5%
1011778 BC ULC/New Red Finance, Inc., 4.38%, 01/15/28^(d)			218		201,410
Cedar Fair LP, 5.25%, 07/15/29^(d)			101		85,345
Golden Nugget, Inc., 6.75%, 10/15/24^(d)			791		498,243
Hilton Domestic Operating Co., Inc., 4.88%, 01/15/30			484		411,400
Las Vegas Sands Corp.:
3.50%, 08/18/26			31		28,355
3.90%, 08/08/29			20		17,237
Lions Gate Capital Holdings LLC^(d):
6.38%, 02/01/24			26		22,880
5.88%, 11/01/24			21		17,955
MGM Resorts International, 5.75%, 06/15/25			73		65,335
Scientific Games International, Inc.^(d):
5.00%, 10/15/25			82		71,340
8.25%, 03/15/26			837		535,772
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32	GBP		100		138,906
Yum! Brands, Inc.:
7.75%, 04/01/25^(d)	USD		232		243,600
4.75%, 01/15/30^(d)			182		171,080
5.35%, 11/01/43			14		11,900

					2,520,758

Household Durables — 0.1%
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 4.88%, 02/15/30^(d)			237		180,049
Lennar Corp., 5.25%, 06/01/26			143		145,503
Mattamy Group Corp., 4.63%, 03/01/30^(d)			102		87,720
PulteGroup, Inc., 5.00%, 01/15/27			44		43,903
Tempur Sealy International, Inc., 5.50%, 06/15/26			2		1,750

					458,925

Independent Power and Renewable Electricity Producers — 0.2%
Calpine Corp.:
5.75%, 01/15/25			31		28,675
5.25%, 06/01/26^(d)			100		95,000
4.50%, 02/15/28^(d)			5		4,846
5.13%, 03/15/28^(d)			679		624,680


Security		Par (000)		Value

Independent Power and Renewable Electricity Producers (continued)
NRG Energy, Inc., 6.63%, 01/15/27	USD		56	$	58,240
TerraForm Power Operating LLC, 4.75%, 01/15/30^(d)			125		121,250

					932,691

Insurance — 0.2%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27^(d)			486		455,091
Assicurazioni Generali SpA (3 mo. Euribor + 5.35%), 5.50%, 10/27/47^(g)	EUR		100		119,682
HUB International Ltd., 7.00%, 05/01/26^(d)	USD		452		447,480

					1,022,253

Interactive Media & Services — 0.2%
Match Group, Inc., 4.13%, 08/01/30^(d)			160		143,000
Netflix, Inc.:
4.88%, 04/15/28			213		219,390
5.88%, 11/15/28			36		38,466
3.63%, 06/15/30	EUR		100		107,533
4.88%, 06/15/30^(d)	USD		248		251,757
Twitter, Inc., 3.88%, 12/15/27^(d)			88		84,645
Uber Technologies, Inc.^(d):
7.50%, 11/01/23			137		133,241
8.00%, 11/01/26			27		26,797
7.50%, 09/15/27			55		54,296

					1,059,125

IT Services — 0.3%
Banff Merger Sub, Inc.:
8.38%, 09/01/26	EUR		100		100,959
9.75%, 09/01/26^(d)	USD		490		431,200
Camelot Finance SA, 4.50%, 11/01/26^(d)			287		278,390
Vericast Corp., 8.38%, 08/15/22^(d)			712		549,130
Xerox Corp., 4.80%, 03/01/35			181		146,610

					1,506,289

Leisure Products — 0.0%
Mattel, Inc.:
5.88%, 12/15/27^(d)			34		34,945
6.20%, 10/01/40			23		19,033
5.45%, 11/01/41			97		76,630

					130,608

Machinery — 0.2%
Colfax Corp., 6.38%, 02/15/26^(d)			226		222,610
Platin 1426 GmbH, 5.38%, 06/15/23	EUR		100		84,151
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(d)	USD		205		191,675
SPX FLOW, Inc., 5.88%, 08/15/26^(d)			209		200,640


Security		Par (000)		Value

Machinery (continued)
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26^(d)	USD		279	$	232,965

					932,041

Media — 1.7%
Altice France SA:
7.38%, 05/01/26^(d)			391		388,126
5.88%, 02/01/27	EUR		100		111,669
8.13%, 02/01/27^(d)	USD		534		556,695
CCO Holdings LLC/CCO Holdings Capital Corp.^(d):
5.13%, 05/01/27			490		491,274
5.00%, 02/01/28			34		34,085
5.38%, 06/01/29			144		147,974
4.50%, 08/15/30			581		569,380
4.50%, 05/01/32			554		540,261
Clear Channel Worldwide Holdings, Inc.^(d):
9.25%, 02/15/24			398		341,285
5.13%, 08/15/27			626		592,352
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(d)			1,065		879,956
CSC Holdings LLC, 5.25%, 06/01/24			344		344,857
DISH DBS Corp.:
5.88%, 07/15/22			674		656,355
7.75%, 07/01/26			52		53,430
Front Range BidCo, Inc.^(d):
4.00%, 03/01/27			203		194,119
6.13%, 03/01/28			350		332,500
Hughes Satellite Systems Corp., 5.25%, 08/01/26			20		19,800
Lamar Media Corp., 4.00%, 02/15/30^(d)			90		83,700
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(d)			200		197,000
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%, 02/15/25^(d)			148		125,800
SES SA(5 year EUR Swap + 5.40%), 5.63%^(g)(h)	EUR		100		102,361
Sirius XM Radio, Inc., 5.50%, 07/01/29^(d)	USD		124		126,480
Univision Communications, Inc.^(d):
5.13%, 05/15/23			22		19,470
5.13%, 02/15/25			107		91,217
Virgin Media Finance PLC, 5.75%, 01/15/25^(d)			256		248,320
Virgin Media Secured Finance PLC, 4.88%, 01/15/27	GBP		100		114,584
WMG Acquisition Corp., 4.13%, 11/01/24	EUR		90		99,261
Ziggo Bond Co. BV, 5.13%, 02/28/30^(d)	USD		200		196,000
Ziggo BV^(d):
5.50%, 01/15/27			169		169,000


Security		Par (000)		Value

Media (continued)
Ziggo BV^(d) (continued):
4.88%, 01/15/30	USD		200	$	194,787

					8,022,098

Metals & Mining — 0.6%
Arconic Corp., 6.13%, 02/15/28^(d)			106		108,385
Big River Steel LLC/BRS Finance Corp., 7.25%, 09/01/25^(d)			12		10,920
Constellium SE^(d):
6.63%, 03/01/25			300		270,000
5.88%, 02/15/26			321		279,270
Freeport-McMoRan, Inc.:
4.25%, 03/01/30			267		232,290
5.45%, 03/15/43			1,331		1,191,245
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(d)			96		89,549
Kaiser Aluminum Corp., 4.63%, 03/01/28^(d)			100		88,750
Novelis Corp.^(d):
5.88%, 09/30/26			51		50,050
4.75%, 01/30/30			589		524,210
thyssenkrupp AG, 2.88%, 02/22/24	EUR		64		62,115

					2,906,784

Oil, Gas & Consumable Fuels — 1.3%
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22^(d)	USD		457		267,345
Buckeye Partners LP:
4.13%, 03/01/25^(d)			5		4,215
3.95%, 12/01/26			34		27,870
4.50%, 03/01/28^(d)			61		50,020
Callon Petroleum Co.:
6.25%, 04/15/23			170		40,375
6.13%, 10/01/24			9		1,598
8.25%, 07/15/25			281		44,960
Series WI, 6.38%, 07/01/26			65		10,888
Cheniere Energy Partners LP:
5.63%, 10/01/26			151		138,920
4.50%, 10/01/29^(d)			123		107,010
Series WI, 5.25%, 10/01/25			12		11,040
Chesapeake Energy Corp., 11.50%, 01/01/25^(d)			368		62,560
Comstock Resources, Inc.:
7.50%, 05/15/25^(d)			221		143,650
9.75%, 08/15/26			2		1,425
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 5.63%, 05/01/27^(d)			365		200,644
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(d)			672		349,440
CVR Energy, Inc.^(d):
5.25%, 02/15/25			164		127,510


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
CVR Energy, Inc.^(d) (continued):
5.75%, 02/15/28	USD		54	$	40,365
DCP Midstream Operating LP:
5.38%, 07/15/25			22		15,022
5.13%, 05/15/29			118		74,334
6.45%, 11/03/36^(d)			250		119,925
6.75%, 09/15/37^(d)			226		122,040
Diamondback Energy, Inc., 3.50%, 12/01/29			52		35,356
eG Global Finance PLC, 6.25%, 10/30/25	EUR		142		124,505
Endeavor Energy Resources LP/EER Finance, Inc.^(d):
5.50%, 01/30/26	USD		368		253,997
5.75%, 01/30/28			338		229,840
EnLink Midstream Partners LP:
4.40%, 04/01/24			136		68,639
4.85%, 07/15/26			39		19,176
5.60%, 04/01/44			249		84,037
5.05%, 04/01/45			20		7,294
EQT Corp.:
3.90%, 10/01/27			71		48,969
7.00%, 02/01/30			8		5,960
Extraction Oil & Gas, Inc.^(d):
7.38%, 05/15/24			383		67,982
5.63%, 02/01/26			133		21,945
Matador Resources Co., 5.88%, 09/15/26			343		100,499
MEG Energy Corp.^(d):
7.00%, 03/31/24			44		20,295
6.50%, 01/15/25			316		199,870
7.13%, 02/01/27			162		80,047
Murphy Oil Corp., 5.75%, 08/15/25			25		13,377
Nabors Industries Ltd., 7.25%, 01/15/26^(d)			126		42,840
Nabors Industries, Inc., 4.63%, 09/15/21			47		29,610
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(d)			200		112,000
NGPL PipeCo LLC, 7.77%, 12/15/37^(d)			186		185,166
NuStar Logistics LP, 6.00%, 06/01/26			124		91,760
Parsley Energy LLC/Parsley Finance Corp., 5.63%, 10/15/27^(d)			477		336,285
PDC Energy, Inc.:
6.25%, 12/01/25			29		14,206
6.13%, 09/15/24			184		98,210
5.75%, 05/15/26			9		5,040
QEP Resources, Inc.:
5.38%, 10/01/22			675		317,250
5.25%, 05/01/23			165		61,050
5.63%, 03/01/26			106		38,690
Range Resources Corp.:
5.88%, 07/01/22			69		49,680
5.00%, 08/15/22			165		123,700


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Range Resources Corp. (continued):
5.00%, 03/15/23	USD		356	$	259,880
SM Energy Co.:
6.13%, 11/15/22			101		42,736
5.00%, 01/15/24			506		166,980
5.63%, 06/01/25			29		7,903
6.75%, 09/15/26			44		13,200
6.63%, 01/15/27			39		11,352
Southwestern Energy Co., 4.10%, 03/15/22			158		118,500
Sunoco LP/Sunoco Finance Corp., :
5.50%, 02/15/26			8		6,922
5.88%, 03/15/28			151		125,330
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 5.50%, 09/15/24^(d)			9		4,950
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.13%, 02/01/25			75		63,930
5.38%, 02/01/27			17		13,991
5.50%, 03/01/30^(d)			255		196,962
Transocean, Inc.:
8.38%, 12/15/21			99		57,426
8.00%, 02/01/27^(d)			218		103,550
Viper Energy Partners LP, 5.38%, 11/01/27^(d)			88		73,920
WPX Energy, Inc.:
8.25%, 08/01/23			261		191,835
5.75%, 06/01/26			28		15,960
5.25%, 10/15/27			78		42,900
4.50%, 01/15/30			76		41,268

					6,407,926

Paper & Forest Products — 0.0%
International Paper Co., 7.30%, 11/15/39			5		6,386


Pharmaceuticals — 0.5%
Bausch Health Americas, Inc., 8.50%, 01/31/27^(d)			173		180,785
Bausch Health Cos., Inc.:
4.50%, 05/15/23	EUR		340		358,831
6.13%, 04/15/25^(d)	USD		3		2,955
9.00%, 12/15/25^(d)			382		402,704
7.00%, 01/15/28^(d)			185		189,884
Catalent Pharma Solutions, Inc.:
5.00%, 07/15/27^(d)			134		129,980
2.38%, 03/01/28	EUR		100		100,364
Charles River Laboratories International, Inc., 4.25%, 05/01/28^(d)	USD		103		99,282
Elanco Animal Health, Inc., 5.65%, 08/28/28			69		72,750
Endo DAC/Endo Finance LLC/Endo Finco, Inc., 6.00%, 07/15/23^(d)			200		144,876


Security		Par (000)		Value

Pharmaceuticals (continued)
MEDNAX, Inc., 5.25%, 12/01/23^(d)	USD		122	$	99,430
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24	EUR		100		101,742
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(d)	USD		17		16,915
Rossini Sarl, 6.75%, 10/30/25	EUR		168		185,272
Synlab Unsecured Bondco PLC, 8.25%, 07/01/23			100		102,570

					2,188,340

Producer Durables: Miscellaneous — 0.1%
Open Text Corp., 3.88%, 02/15/28^(d)	USD		287		269,780
Open Text Holdings, Inc., 4.13%, 02/15/30^(d)			87		81,802

					351,582

Professional Services — 0.2%
ASGN, Inc., 4.63%, 05/15/28^(d)			231		214,576
Dun & Bradstreet Corp., 10.25%, 02/15/27^(d)			555		588,300

					802,876

Real Estate Management & Development — 0.0%
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(d)			24		21,722
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27	GBP		48		67,354

					89,076

Road & Rail — 0.1%
Autostrade per l’Italia SpA, 5.88%, 06/09/24	EUR		100		111,393
Herc Holdings, Inc., 5.50%, 07/15/27^(d)	USD		274		254,820
United Rentals North America, Inc.:
5.50%, 07/15/25			2		1,960
5.50%, 05/15/27			74		74,685
5.25%, 01/15/30			2		1,999
4.00%, 07/15/30			61		54,595

					499,452

Software — 0.4%
CDK Global, Inc., 5.25%, 05/15/29^(d)			105		107,100
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24^(d)			287		293,541
MSCI, Inc., 4.00%, 11/15/29^(d)			58		57,616
PTC, Inc.^(d):
3.63%, 02/15/25			88		82,280
4.00%, 02/15/28			80		76,824
RP Crown Parent LLC, 7.38%, 10/15/24^(d)			602		573,585


Security		Par (000)		Value

Software (continued)
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(d)	USD		730	$	715,400

					1,906,346

Specialty Retail — 0.1%
Asbury Automotive Group, Inc.^(d):
4.50%, 03/01/28			61		51,850
4.75%, 03/01/30			59		50,150
IAA, Inc., 5.50%, 06/15/27^(d)			159		153,833
PetSmart, Inc., 7.13%, 03/15/23^(d)			185		172,281

					428,114

Technology Hardware, Storage & Peripherals — 0.1%
NCR Corp.^(d):
5.75%, 09/01/27			92		83,720
6.13%, 09/01/29			197		183,978
Western Digital Corp., 4.75%, 02/15/26			306		310,590

					578,288

Thrifts & Mortgage Finance — 0.1%
Nationstar Mortgage Holdings, Inc.^(d):
8.13%, 07/15/23			174		170,137
9.13%, 07/15/26			89		80,545
6.00%, 01/15/27			128		108,800

					359,482

Transportation Infrastructure — 0.0%
Ferrovial Netherlands BV(5 year EUR Swap + 2.13%), 2.12%^(g)(h)	EUR		100		89,726


Utilities — 0.0%
Vistra Operations Co. LLC, 5.63%, 02/15/27^(d)	USD		99		102,094


Wireless Telecommunication Services — 0.4%
Altice France SA, 5.50%, 01/15/28^(d)			326		305,234
Radiate Holdco LLC/Radiate Finance, Inc., 6.88%, 02/15/23^(d)			95		86,450
SBA Communications Corp., 3.88%, 02/15/27^(d)			514		515,285
VICI Properties LP/VICI Note Co., Inc., 4.25%, 12/01/26^(d)			894		820,245

					1,727,214


Total Corporate Bonds — 14.0% (Cost — $88,467,618)					68,000,018


Floating Rate Loan Interests^(e) — 121.0%

Aerospace & Defense — 2.9%
Arconic Rolled Products Corp., Term Loan B, 1.00%, 02/04/27^(a)^(j)			802		721,800


Security		Par (000)		Value
Aerospace & Defense (continued)
Bleriot US Bidco, Inc.,^(a):
Delayed Draw Term Loan, (3 mo. LIBOR + 3.75%), 7.00%, 10/31/26	USD		150	$	131,644
Term Loan B, (3 mo. LIBOR + 4.75%), 6.20%, 10/31/26			957		842,519
Dynasty Acquisition Co., Inc., :
2020 CAD Term Loan B2, (3 mo. LIBOR + 3.50%), 4.95%, 04/06/26			2,975		2,353,864
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 4.95%, 04/06/26			5,533		4,378,186
Nordam Group, Inc., Term Loan B, (1 mo. LIBOR + 5.50%), 6.44%, 04/09/26^(a)			784		605,266
TransDigm, Inc., :
2020 Term Loan F, (1 mo. LIBOR + 2.25%), 3.24%, 12/09/25			4,492		4,076,133
2020 Term Loan G, (1 mo. LIBOR + 2.25%), 3.24%, 08/22/24			825		764,362

					13,873,774

Air Freight & Logistics — 0.6%
WestJet Airlines Ltd., Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/11/26			3,662		2,782,985


Airlines — 0.6%
American Airlines, Inc., :
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 2.69%, 01/29/27			455		368,548
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.70%, 12/14/23			2,103		1,651,048
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 2.94%, 04/28/23			1,257		1,015,179

					3,034,775

Auto Components — 2.7%
Dealer Tire, LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 5.24%, 12/12/25			2,728		2,209,812
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 4.44%, 04/30/26^(a)			6,438		5,858,484
USI, Inc., :
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.99%, 05/16/24			4,427		4,028,719
2019 Incremental Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 12/02/26			252		225,447


Security		Par (000)		Value

Auto Components (continued)
Wand NewCo 3, Inc., 2020 Term Loan, (6 mo. LIBOR + 3.00%), 4.07%, 02/05/26	USD		1,085	$	965,487

					13,287,949

Banks — 0.7%
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 4.78%, 11/01/24			3,814		3,270,772


Building Materials — 0.6%
Allied Universal Holdco LLC, 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 5.24%, 07/10/26			3,190		3,059,444


Building Products — 1.1%
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.93%, 05/05/24^(j)			1,840		1,526,118
LSF10 XL Bidco SCA, EUR Term Loan B3, (EURIBOR + 4.00%), 4.00%, 10/12/26	EUR		1,000		816,146
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.71%, 12/19/23^(a)	USD		3,781		3,024,582

					5,366,846

Capital Markets — 2.2%
Duff & Phelps Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 02/13/25^(a)			4,004		3,923,874
Fortress Investment Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 12/27/22			1,056		1,011,385
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.86%, 04/12/24^(a)			1,448		1,260,101
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 06/03/26			2,751		2,273,931
Travelport Finance (Luxembourg) Sarl, :
2019 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%), 10.07%, 05/28/27			1,370		433,838
2019 Term Loan, (3 mo. LIBOR + 5.00%), 6.07%, 05/29/26			3,031		1,941,547

					10,844,676

Chemicals — 3.8%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.45%, 01/31/24^(a)			3,055		2,780,422


Security		Par (000)		Value

Chemicals (continued)
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.70%, 08/27/26^(a)	USD		2,981	$	2,504,074
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 3.20%, 06/01/24^(a)			387		362,200
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/16/24			2,587		2,186,146
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 05/16/24			714		617,899
Chemours Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 04/03/25^(a)			749		681,594
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.95%, 06/28/24^(j)			1,360		1,151,707
Encapsys LLC, 2020 Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 11/07/24^(a)			1,279		997,889
Invictus US LLC, :
1st Lien Term Loan, (6 mo. LIBOR + 3.00%), 4.78%, 03/28/25			1,206		932,368
2nd Lien Term Loan, (6 mo. LIBOR + 6.75%), 8.53%, 03/30/26^(a)			390		273,000
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 3.95%, 03/01/26			3,320		2,934,585
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 05/15/24			923		741,789
Oxea Holding Drei GmbH, 2017 Term Loan B2, (1 mo. LIBOR + 3.50%), 4.94%, 10/14/24			2,425		1,976,119
Tata Chemicals North America, Inc., Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.38%, 08/07/20			526		475,758

					18,615,550

Commercial Services & Supplies — 4.6%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.00%, 11/10/23			1,832		1,806,410
Aramark Services, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 1.75%), 2.74%, 01/15/27^(a)			714		660,450
Asurion LLC, :
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 7.49%, 08/04/25			2,164		1,971,945


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Asurion LLC (continued):
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 3.99%, 11/03/23	USD		1,629	$	1,547,478
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.99%, 11/03/24^(a)			933		881,502
Creative Artists Agency LLC, 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 4.74%, 11/27/26			3,643		3,151,196
Diamond (BC) BV, Term Loan, (3 mo. LIBOR + 3.00%), 4.78%, 09/06/24			1,597		1,182,125
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.20%, 05/09/25^(a)			480		413,181
GFL Environmental, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 3.99%, 05/30/25			538		519,306
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 6.46%, 11/03/23			532		320,536
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 3.19%, 09/19/26^(a)			725		666,723
Prime Security Services Borrower LLC, 2019 Term Loan B1, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.61%, 09/23/26			1,677		1,497,151
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 5.49%, 08/27/25^(a)			5,521		5,189,283
West Corp., :
2017 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.45%, 10/10/24			2,136		1,593,026
2018 Term Loan B1, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.95%, 10/10/24			1,415		1,037,515

					22,437,827

Communications Equipment — 0.2%
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 11/21/24			1,120		1,053,102


Construction & Engineering — 1.1%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.06%, 06/21/24			3,531		2,806,831
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 4.56%, 04/12/25			527		445,277
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.99%, 05/23/25			2,290		1,929,561


Security		Par (000)		Value

Construction & Engineering (continued)
USIC Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/08/23	USD		381	$	320,052

					5,501,721

Construction Materials — 2.6%
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.99%, 01/15/27^(a)			2,721		2,557,979
Core & Main LP, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.33%, 08/01/24			4,842		4,248,979
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.99%, 03/29/25			3,560		3,075,127
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23^(j)			1,857		1,529,040
Foundation Building Materials LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.99%, 08/13/25			685		590,474
Tamko Building Products, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 06/01/26^(a)			834		775,803

					12,777,402

Containers & Packaging — 2.4%
Berry Global, Inc., :
2019 Term Loan Y, (1 mo. LIBOR + 2.00%), 2.86%, 07/01/26			1,804		1,705,068
Term Loan W, (3 mo. LIBOR + 2.00%), 2.86%, 10/01/22			5,590		5,321,792
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.08%, 04/03/24			2,271		1,841,115
Flex Acquisition Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.91%, 12/29/23^(a)			2,040		1,846,483
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 4.99%, 07/31/26^(a)			957		827,461

					11,541,919

Distributors — 0.4%
TriMark USA LLC, 2017 1st Lien Term Loan, (6 mo. LIBOR + 3.50%), 4.58%, 08/28/24			3,295		2,051,379


Diversified Consumer Services — 3.9%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 02/01/27			642		590,640


Security		Par (000)		Value

Diversified Consumer Services (continued)
APX Group, Inc., 2020 Term Loan, (2 mo. LIBOR + 5.00%), 6.70%, 12/31/25	USD		450	$	367,913
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24			1,204		1,067,332
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27			3,096		2,378,909
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 11/07/23			1,781		1,687,050
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 4.74%, 07/12/25			3,371		2,747,704
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%), 2.95%, 05/15/24			1,132		1,019,195
Serta Simmons Bedding LLC, :
1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 11/08/23			1,111		435,921
2nd Lien Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 11/08/24			115		25,322
Spin Holdco, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.09%, 11/14/22			3,915		3,474,221
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.74%, 03/19/26			2,636		2,385,757
Uber Technologies, Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 07/13/23			3,092		2,869,281

					19,049,245

Diversified Financial Services — 4.6%
Advisor Group, Inc., 2019 Term Loan, (1 mo. LIBOR + 5.00%), 5.99%, 07/31/26			3,216		2,313,008
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 04/04/24			5,041		4,801,516
Allsup’s Convenience Stores, Inc., Term Loan, (1 mo. LIBOR + 6.25%), 7.18%, 11/18/24			1,225		998,581
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 1.00%, 03/05/27^(a)^(j)			2,961		2,487,659
EG Finco Ltd., 2018 Term Loan, (6 mo. LIBOR + 4.00%), 5.07%, 02/07/25			1,342		973,088


Security		Par (000)		Value

Diversified Financial Services (continued)
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24	USD		1,352	$	914,365
Knowlton Development Corp., Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.75%), 4.74%, 12/22/25^(j)			2,500		2,116,927
LTI Holdings, Inc., 2018 Add On 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 09/06/25			624		456,738
SMG US Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR + 2.50%), 3.43%, 01/23/25			1,748		1,472,342
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 5.70%, 07/30/25^(a)			1,458		1,209,884
Starwood Property Trust, Inc., 2019 Term Loan B, (1 mo. LIBOR + 2.50%), 3.49%, 07/27/26^(a)			694		603,358
VS Buyer LLC, Term Loan B, (3 mo. LIBOR + 3.25%), 4.86%, 02/28/27^(a)			2,471		2,359,805
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 3.20%, 04/30/28^(a)			1,876		1,763,440

					22,470,711

Diversified Telecommunication Services — 3.8%
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/16/24			1,661		1,434,149
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 03/01/27			1,676		1,559,015
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24			1,795		1,570,940
Virgin Media Investment Holdings Ltd., Term Loan L, (LIBOR - GBP + 3.25%), 3.50%, 01/15/27	GBP		1,400		1,558,525


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Zayo Group Holdings, Inc., USD Term Loan, 1.00%, 03/09/27^(a)^(j)	USD		13,389	$	12,462,603

					18,585,232

Electric Utilities — 0.0%
Vistra Energy Corp., 1st Lien Term Loan B3, (1 mo. LIBOR + 1.75%), 2.55%, 12/31/25			2		3,589


Electrical Equipment — 0.8%
Gates Global LLC, 2017 Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/01/24			4,237		3,652,293


Energy Equipment & Services — 0.5%
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 02/12/25^(a)			1,838		1,580,345
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 9.35%, 11/08/22^(a)			770		723,800

					2,304,145

Equity Real Estate Investment Trusts (REITs) — 1.9%
Claros Mortgage Trust, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 4.26%, 08/09/26^(a)			1,844		1,423,243
Cushman & Wakefield U.S. Borrower LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 3.74%, 08/21/25			3,500		3,053,987
Iron Mountain, Inc., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 01/02/26			1,127		1,059,780
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 1.75%), 2.67%, 12/20/24			4,219		3,866,026

					9,403,036

Food & Staples Retailing — 1.6%
BCPE Empire Holdings, Inc., :
2019 Delayed Draw Term Loan, (1 mo. LIBOR + 4.00%), 4.99%, 06/11/26			191		167,816
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 06/11/26			1,213		1,067,871
Hearthside Food Solutions LLC, :
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 4.99%, 05/23/25			1,943		1,643,783
2018 Term Loan B, (1 mo. LIBOR + 3.68%), 4.68%, 05/23/25			1,412		1,172,185
US Foods, Inc., :
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 06/27/23			3,033		2,795,607


Security		Par (000)		Value

Food & Staples Retailing (continued)
US Foods, Inc. (continued):
2019 Term Loan B, (6 mo. LIBOR + 2.00%), 3.07%, 09/13/26	USD		1,070	$	971,375

					7,818,637

Food Products — 3.4%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 4.30%, 10/01/25			446		405,487
B&G Foods, Inc., 2019 Term Loan B4, 1.00%, 10/10/26^(j)			203		188,148
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23			4,099		3,637,581
Froneri International Ltd.,^(a):
2020 USD 2nd Lien Term Loan, (6 mo. LIBOR + 5.75%), 6.74%, 01/31/28			259		233,100
2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 3.24%, 01/29/27			5,513		5,223,568
Hostess Brands LLC, 2019 Term Loan, (3 mo. LIBOR + 2.25%), 4.01%, 08/03/25			198		183,150
JBS USA LUX SA, 2019 Term Loan B, (6 mo. LIBOR + 2.00%), 3.07%, 05/01/26			602		560,526
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 3.74%, 02/05/23^(a)			6,260		5,899,918

					16,331,478

Health Care Equipment & Supplies — 2.1%
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.45%, 06/15/21			5,284		4,529,635
Ortho-Clinical Diagnostics SA, :
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.77%, 06/30/25			5,642		4,774,813
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		1,000		887,834

					10,192,282

Health Care Providers & Services — 3.4%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25	USD		830		729,255
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.07%, 06/07/23			2,195		1,938,929
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.87%, 01/08/27^(a)			1,120		1,052,800


Security		Par (000)		Value

Health Care Providers & Services (continued)
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 06/06/25	USD		521	$	402,149
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 4.74%, 10/10/25			2,587		1,306,484
EyeCare Partners LLC, 2020 Term Loan, (3 mo. LIBOR + 3.75%), 4.82%, 02/05/27			1,611		1,288,526
EyeCare Partners, LLC, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 9.14%, 02/04/28^(a)			1,460		1,241,000
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 4.25%, 07/02/25^(a)			2,705		2,529,374
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 4.50%), 5.49%, 08/06/26			2,666		2,186,380
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.20%, 06/07/23			1,370		1,207,016
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 10/20/22			2,020		1,681,511
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/06/24			1,097		685,708

					16,249,132

Health Care Services — 0.9%
Emerald TopCo., Inc., Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 07/24/26^(a)			2,430		2,211,399
WP CityMD Bidco LLC, 2019 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.95%, 08/13/26			2,262		2,005,602

					4,217,001

Health Care Technology — 1.7%
Athenahealth, Inc., 2019 Term Loan B, (3 mo. LIBOR + 4.50%), 5.28%, 02/11/26^(a)			4,249		3,951,127
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24^(a)			3,444		3,237,603
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 3.74%, 10/10/25			1,063		987,185


Security		Par (000)		Value

Health Care Technology (continued)
Quintiles IMS, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 03/07/24	USD		279	$	255,817

					8,431,732

Hotels, Restaurants & Leisure — 5.3%
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 2.74%, 11/19/26			3,290		3,026,744
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (3 mo. LIBOR + 3.75%), 5.02%, 02/02/26^(a)			500		349,675
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 3.58%, 10/19/24			1,085		968,517
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.93%, 09/15/23			1,373		1,181,597
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 3.74%, 12/23/24			4,031		3,240,941
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 08/08/21			595		526,324
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.99%, 11/30/23			1,744		1,745,526
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.50%), 3.70%, 10/04/23			1,411		1,093,236
IRB Holding Corp, 2020 Term Loan B, (1 Week LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25			2,590		1,989,370
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 2.36%, 04/03/25			878		827,956
Penn National Gaming, Inc., 2018 1st Lien Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 10/15/25			641		479,518
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24			917		621,958
Playtika Holding Corp., Term Loan B, (6 mo. LIBOR + 6.00%, 1.00% Floor), 7.07%, 12/10/24			1,706		1,584,035
Sabre GLBL, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 02/22/24			1,193		993,197
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.37%, 08/14/24			1,257		1,009,980
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 4.95%, 07/10/25			1,975		1,877,846


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 02/08/27	USD		2,001	$	1,695,732
Whatabrands LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 3.77%, 08/02/26			2,778		2,278,792

					25,490,944

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 01/15/25			493		460,085
Calpine Corp., :
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.99%, 08/12/26^(a)			1,070		1,005,337
Term Loan B9, (1 mo. LIBOR + 2.25%), 3.24%, 04/05/26			1,937		1,835,649

					3,301,071

Industrial Conglomerates — 1.7%
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.74%, 11/28/21			1,824		1,454,322
Vertiv Group Corp., Term Loan B, 1.00%, 03/02/27^(a)^(j)			8,016		6,893,760

					8,348,082

Insurance — 4.0%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.99%, 05/09/25			3,405		3,084,966
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.86%, 05/09/25			1,199		1,088,124
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 01/25/24			3,268		3,010,383
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.50%), 4.49%, 02/12/27			3,113		2,700,560
Hub International Ltd., :
2018 Term Loan B, (2 mo. LIBOR + 2.75%), 4.55%, 04/25/25			2,297		2,133,740
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.69%, 04/25/25			1,431		1,341,206
Sedgwick Claims Management Services, Inc., :
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.99%, 09/03/26			2,093		1,876,187


Security		Par (000)		Value

Insurance (continued)

Sedgwick Claims Management Services, Inc. (continued):
Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 12/31/25	USD		4,517	$	3,971,070

					19,206,236

Interactive Media & Services — 1.2%
Ancestry.com Operations Inc., 2019 Extended Term Loan B, (1 mo. LIBOR + 4.25%), 5.24%, 08/27/26			923		728,914
Ancestry.com Operations, Inc., Non-Extended Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/23^(a)			3,778		3,248,957
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (2 mo. LIBOR + 3.00%, 1.00% Floor), 4.76%, 11/03/23			613		529,856
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24			1,352		1,182,646

					5,690,373

IT Services — 4.1%
Altran Technologies SA, 1st Lien Term Loan, (1 mo. LIBOR + 2.50%), 3.27%, 03/20/25			617		564,815
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 10/31/26^(a)^(j)			3,564		3,350,223
Epicor Software Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 06/01/22			2,995		2,725,873
Evertec Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 4.49%, 11/27/24			1,026		868,358
Flexential Intermediate Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.71%, 08/01/25			1,121		424,108
Greeneden US Holdings II LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 12/01/23^(a)			2,519		2,342,689
Presidio, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.50%), 5.28%, 01/22/27^(a)			789		734,161
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 4.49%, 01/29/27^(a)			4,510		3,900,710
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 2.74%, 11/16/26			3,355		3,202,529


Security		Par (000)		Value

IT Services (continued)
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 3.24%, 05/15/26	USD		2,234	$	1,925,506

					20,038,972

Leisure Products — 0.1%
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.95%, 06/19/24^(a)			788		598,671


Life Sciences Tools & Services — 2.1%
Albany Molecular Research, Inc., :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 08/30/24			533		459,657
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 08/30/25			75		52,500
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.95%, 02/04/27			2,482		2,159,340
Sotera Health Holdings LLC, 2019 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26			8,785		7,607,577

					10,279,074

Machinery — 1.8%
Clark Equipment Co., 2019 Term Loan B, (3 mo. LIBOR + 1.75%), 3.20%, 05/18/24			544		485,246
Ingersoll-Rand Global Holding Co. Ltd., 2020 USD Spinco Term Loan, 1.00%, 03/01/27^(j)			2,652		2,479,620
Terex Corp., 2019 Term Loan B1, (1 mo. LIBOR + 2.75%), 3.74%, 01/31/24^(a)			385		350,450
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.45%, 03/28/25			6,500		5,297,223

					8,612,539

Media — 10.0%
Altice Financing SA, :
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 3.67%, 01/31/26			1,353		1,227,898
2017 Term Loan B, (2 mo. LIBOR + 2.75%), 4.41%, 07/15/25			254		230,124
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.70%, 08/14/26			2,028		1,921,238
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 2.74%, 04/30/25			3,617		3,461,756


Security		Par (000)		Value

Media (continued)
Clear Channel Outdoor Holdings, Inc., Term Loan B, (1 mo. LIBOR + 3.50%), 4.49%, 08/21/26^(a)	USD		6,569	$	5,517,639
Connect Finco Sarl, Term Loan B, 5.49%, 12/11/26			11,485		8,986,902
CSC Holdings LLC, 2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 3.11%, 04/15/27			1,585		1,510,968
Diamond Sports Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.18%, 08/24/26^(a)			1,107		852,170
Gray Television, Inc., 2018 Term Loan C, (1 mo. LIBOR + 2.50%), 4.02%, 01/02/26			1,461		1,353,243
Intelsat Jackson Holdings SA, 2017 Term Loan B3, (6 mo. LIBOR + 3.75%, 1.00% Floor), 5.68%, 11/27/23			455		414,619
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			4,885		3,191,248
Liberty Latin America Ltd., Term Loan B, (3 mo. LIBOR + 5.00%), 5.70%, 10/15/26			1,488		1,363,380
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 03/24/25			1,574		1,408,833
MH Sub I LLC, 2017 1st Lien Term Loan, (6 mo. LIBOR + 3.75%), 4.82%, 09/13/24			1,989		1,672,784
Midcontinent Communications, 2019 Term Loan B, (3 mo. LIBOR + 1.75%), 3.20%, 08/15/26			844		780,793
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.33%, 09/18/26			1,720		1,593,994
PCI Gaming Authority, Term Loan, (1 mo. LIBOR + 2.50%), 3.49%, 05/29/26			1,520		1,231,341
PSAV Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.83%, 03/03/25			4,440		2,775,291
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.99%, 02/01/24			2,276		2,086,369
Terrier Media Buyer, Inc., Term Loan B, (3 mo. LIBOR + 4.25%), 5.70%, 12/17/26^(a)			938		827,484
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 09/28/23^(a)			4,338		3,644,026


Security		Par (000)		Value

Media (continued)
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 3.74%, 05/18/25	USD		3,181	$	2,492,891

					48,544,991

Metals & Mining — 0.8%
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 6.11%, 07/31/25			2,066		1,549,397
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.07%, 03/08/24			3,283		2,382,265

					3,931,662

Multiline Retail — 0.2%
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 08/04/24^(a)			912		838,695
Neiman Marcus Group Ltd. LLC, Cash Pay Extended Term Loan, (1 mo. LIBOR + 6.00%), 7.50%, 10/25/23			392		154,270

					992,965

Oil & Gas Equipment & Services — 0.4%
McDermott Technology Americas, Inc., :
2018 1st Lien Term Loan, (PRIME + 4.00%), 7.25%, 05/09/25			1,961		555,513
2020 DIP New Money Term Loan, 10.81%, 10/21/20^(j)			775		699,919
2020 SP DIP Roll Up Term Loan, (3 mo. LIBOR + 9.00%), 10.65%, 10/22/20^(j)			897		810,294

					2,065,726

Oil, Gas & Consumable Fuels — 0.6%
California Resources Corp., Second Out Term Loan, (3 mo. LIBOR + 10.37%, 1.00% Floor), 11.99%, 12/31/21			2,002		94,372
Chesapeake Energy Corp., 2019 Last Out Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 06/24/24			588		226,380
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.49%, 09/27/24			625		407,474
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 4.74%, 12/13/25			1,760		1,408,385


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
EG Group Ltd., 2018 Term Loan B, (6 mo. LIBOR + 4.00%), 5.45%, 02/07/25	USD		725	$	525,770

					2,662,381

Personal Products — 0.5%
Sunshine Luxembourg VII Sarl, USD 1st Lien Term Loan, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.32%, 10/01/26^(j)			2,793		2,497,259


Pharmaceuticals — 3.6%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 28 - 4.50%, 05/04/25			2,299		1,954,106
Catalent Pharma Solutions, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 05/18/26^(a)			2,347		2,264,678
Elanco Animal Health Inc., Term Loan B, 1.00%, 02/04/27^(j)			479		452,761
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.68%, 11/15/27			1,899		1,790,168
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22			3,809		3,625,178
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.61%, 06/02/25^(j)			7,744		7,327,398

					17,414,289

Professional Services — 1.7%
Cast and Crew Payroll LLC, :
2019 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 4.74%, 02/09/26			2,120		1,653,987
2020 Incremental Term Loan, 1.00%, 02/09/26^(a)^(j)			339		261,030
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 4.00%), 4.96%, 02/06/26			4,557		4,084,211
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 6.95%, 08/04/25^(a)			1,429		1,028,643
STG-Fairway Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.50%), 4.57%, 01/31/27			1,454		1,221,360

					8,249,231

Real Estate Management & Development — 1.4%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.24%, 04/18/24			3,978		3,453,167


Security		Par (000)		Value

Real Estate Management & Development (continued)
ESH Hospitality, Inc., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 09/18/26	USD		891	$	786,710
Forest City Enterprises LP, 2019 Term Loan B, (1 mo. LIBOR + 3.50%), 4.49%, 12/08/25^(a)			2,493		2,119,422
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.83%, 02/08/25			194		163,448

					6,522,747

Road & Rail — 1.1%
Lineage Logistics Holdings LLC, 2018 Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 02/27/25			3,790		3,514,018
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 09/29/25			876		650,914
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (PRIME + 2.50%), 4.50%, 06/13/23^(a)			1,553		1,121,264

					5,286,196

Semiconductors & Semiconductor Equipment — 0.2%
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 05/29/25^(a)			28		26,655
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 09/19/26			734		686,320

					712,975

Software — 18.9%
Applied Systems, Inc., :
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.70%, 09/19/24			3,598		3,304,409
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.45%, 09/19/25			764		688,915
BMC Software Finance, Inc., 2017 Term Loan, (1 mo. LIBOR + 4.25%), 5.24%, 10/02/25			2,100		1,732,945
Castle US Holding Corp., USD Term Loan B, (1 mo. LIBOR + 3.75%), 5.20%, 01/29/27			3,175		2,518,188
Cerence, Inc., Term Loan B, (1 mo. LIBOR + 6.00%, 1.00% Floor), 7.52%, 10/01/24			982		879,513
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24			1,356		1,230,357


Security		Par (000)		Value

Software (continued)
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 4.87%, 05/28/24	USD		340	$	262,793
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 6.53%, 09/30/23			1,086		763,239
Ellie Mae, Inc., Term Loan, (3 mo. LIBOR + 3.75%), 5.20%, 04/17/26			3,212		2,798,698
Financial & Risk US Holdings, Inc., :
2018 EUR Term Loan, (EURIBOR + 3.25%), 3.25%, 10/01/25	EUR		958		1,000,622
2018 USD Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 10/01/25	USD		6,539		6,250,226
Infor (US), Inc., Term Loan B6, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/01/22			8,464		8,112,794
Informatica LLC, :
2020 USD 2nd Lien Term Loan, 7.13%, 02/25/25^(a)			1,502		1,321,760
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 4.24%, 02/25/27^(j)			7,882		6,791,744
Kronos, Inc., :
2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.76%, 11/01/23			6,243		5,651,929
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 10.01%, 11/01/24			2,510		2,299,160
McAfee LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 4.69%, 09/30/24			3,496		3,254,666
Mitchell International, Inc., :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 11/29/24			3,102		2,564,735
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 8.24%, 12/01/25			887		665,000
Renaissance Holding Corp., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 05/30/25			594		490,884
RP Crown Parent LLC, 2016 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 10/12/23^(a)			2,642		2,509,746
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.74%, 08/01/25 ^(j)			3,296		2,818,466
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 3.74%, 02/05/24			4,231		3,920,680
Solera LLC, Term Loan B, (3 mo. LIBOR + 2.75%), 4.36%, 03/03/23			2,748		2,562,473


Security		Par (000)		Value

Software (continued)
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.70%, 09/30/22	USD		4,694	$	4,447,730
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 2.74%, 04/16/25			423		394,530
SS&C Technologies, Inc., :
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 2.74%, 04/16/25			593		553,268
2018 Term Loan B5, (1 mo. LIBOR + 1.75%), 2.74%, 04/16/25 ^(j)			3,136		2,926,476
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 2.75%), 3.74%, 05/01/24			5,270		4,689,987
Tibco Software Inc.,^(a):
2020 2nd Lien Term Loan, 1.00%, 03/03/28^(j)			3,417		3,177,810
2020 Term Loan B, (1 mo. LIBOR + 3.75%), 4.74%, 06/30/26			5,170		4,859,833
Ultimate Software Group, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 4.74%, 05/04/26			3,280		3,044,477
Vertafore, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.24%, 07/02/25			3,782		3,245,266

					91,733,319

Specialty Retail — 2.2%
Belron Finance US LLC,^(a):
2019 USD Term Loan B, (3 mo. LIBOR + 2.50%), 4.27%, 10/30/26			1,160		1,090,487
Term Loan B, (3 mo. LIBOR + 2.25%), 3.99%, 11/07/24			1,454		1,366,441
Term Loan B, (3 mo. LIBOR + 2.25%), 3.96%, 11/13/25			2,023		1,901,984
MED ParentCo LP, :
1st Lien Delayed Draw Term Loan, 5.24%, 08/31/26			265		219,221
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 5.24%, 08/31/26			1,511		1,249,447
Midas Intermediate Holdco II LLC, Incremental Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.02%, 08/18/21			1,413		1,097,020
PetSmart, Inc., Term Loan B2, (6 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 03/11/22			2,669		2,552,380


Security		Par (000)		Value

Specialty Retail (continued)
Research Now Group, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 7.26%, 12/20/24^(a)	USD		1,153	$	1,015,036

					10,492,016

Technology Hardware, Storage & Peripherals — 0.7%
Electronics for Imaging, Inc., Term Loan, (3 mo. LIBOR + 5.00%), 6.45%, 07/23/26^(j)			1,624		1,321,062
Western Digital Corp., 2018 Term Loan B4, (3 mo. LIBOR + 1.75%), 3.35%, 04/29/23^(a)			2,317		2,223,935

					3,544,997

Thrifts & Mortgage Finance — 0.5%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.45%, 05/23/25			2,895		2,285,367


Trading Companies & Distributors — 0.7%
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 2.74%, 10/17/23			3,777		3,502,706


Utilities — 0.5%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.62%, 11/28/24			2,543		2,275,980


Wireless Telecommunication Services — 0.9%
Geo Group, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.99%, 03/22/24			773		629,984
Ligado Networks LLC, PIK Exit Term Loan (9.75% PIK), 0.00%, 12/07/20^(a)			560		335,984
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 2.74%, 04/11/25			3,396		3,202,156

					4,168,124


Total Floating Rate Loan Interests — 121.0% (Cost — $673,973,029)					586,657,527


		Shares

Investment Companies — 0.0%

Equity Fund — 0.0%
SPDR S&P Oil & Gas Exploration & Production ETF			4,875		160,387


Total Investment Companies — 0.0% (Cost — $441,371)					160,387


Security		Beneficial Interest (000)		Value

Other Interests^(k) — 0.0%

IT Services — 0.0%
Millennium Corp.^(a)(b)	USD		1,156	$	—
Millennium Lender Claims^(a)(b)			1,084		—


Total Other Interests — 0.0% (Cost — $—)					—


Preferred Securities
		Par (000)

Capital Trusts — 1.4%

Banks — 0.3%
Banco de Sabadell SA, 6.50%^(g)(h)	EUR		200		160,185
Banco Santander SA, 4.38%^(g)(h)			200		164,395
Bankia SA, 6.38%^(g)(h)			200		172,016
CaixaBank SA, 6.75%^(g)(h)			200		179,221
ING Groep NV, 6.75%^(g)(h)	USD		200		171,500
Wells Fargo & Co., Series U, 5.88%^(g)(h)			775		786,625

					1,633,942

Building Materials — 0.0%
Holcim Finance Luxembourg SA, 3.00%^(g)(h)	EUR		100		95,036


Diversified Financial Services — 0.9%
Bank of America Corp.,^(g)(h):
Series AA, 6.10%	USD		657		663,570
Series DD, 6.30%			55		57,750
Series X, 6.25%			350		355,250
Series Z, 6.50%			232		244,760
BNP Paribas SA, 4.50%^(d)^(g)(h)			200		154,000
HBOS Capital Funding LP, 6.85%^(h)			200		188,300
HSBC Holdings PLC, 6.00%^(g)(h)			600		568,500
JPMorgan Chase & Co.,^(g)(h):
Series 1, 5.24%			52		46,423
Series FF, 5.00%			865		812,443
Series HH, 4.60%			374		327,325
Series V, 4.75%			780		677,040
Royal Bank of Scotland Group PLC, 8.63%^(g)(h)			246		239,850

					4,335,211

Diversified Telecommunication Services — 0.1%
Koninklijke KPN NV, 2.00%^(g)(h)	EUR		100		102,454


Security		Shares		Value

Diversified Telecommunication Services (continued)
Telefonica Europe BV^(g)(h):
3.88%	EUR		100	$	103,384
4.38%			100		107,223

					313,061

Electric Utilities — 0.0%
Naturgy Finance BV, 3.38%^(g)(h)			100		105,910
RWE AG, 2.75%,^(g)			10		10,761

					116,671

Insurance — 0.1%
Achmea BV, 4.63%^(g)(h)			200		181,356


Utilities — 0.0%
Electricite de France SA, 4.00%^(g)(h)			100		107,143


Wireless Telecommunication Services — 0.0%
Vodafone Group PLC, 3.10%,^(e)			100		106,016


Total Capital Trusts — 1.4% (Cost — $7,664,169)					6,888,436


Preferred Stock — 0.1%

Capital Markets — 0.1%
Goldman Sachs Group, Inc., Series J, 5.50%^(g)(h)	USD		13,550		329,265


Total Preferred Stocks — 0.1% (Cost — $338,750)					329,265


Total Preferred Securities — 1.5% (Cost — 8,002,919)					7,217,701


Warrants — 0.0%

Metals & Mining — 0.0%
AFGlobal Corp. (Expires 12/20/20)^(a)			5,283		—


Transportation Infrastructure — 0.0%
Turbo Cayman Ltd. (Strike Price $0.01)^(a)			1		—


Total Warrants — 0.0% (Cost — $0)					—


Total Long-Term Investments — 136.8% (Cost — $784,882,516)					663,623,304


Total Investments — 136.8% (Cost — $784,882,516)					663,623,304

Liabilities in Excess of Other Assets — (36.8)%					(178,582,834	)


Net Assets — 100.0%				$	485,040,470

Investments in issuers considered to be an affiliate/affiliates of the Fund during the period ended March 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

For Fund compliance purposes, the Fund’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.

Various inputs are used in determining the fair value of investments and derivative 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

The following table summarizes the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $172,000,000 is categorized as Level 2 within the disclosure hierarchy.

A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

The Fund’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.


Affiliated Issuer	Shares Held at 12/31/19		Shares Purchased		Shares Sold			Shares Held at 03/31/20		Value at 03/31/20		Income		Net Realized Gain (Loss)^(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class^(b)		—		60,597,109		(60,597,109	)		—	$	—	$	7,471	$	—	$	—


Currency

EUR		Euro
GBP		British Pound
USD		U.S. Dollar

Portfolio Abbreviations

DIP		Debtor-In-Possession
ETF		Exchange-Traded Fund
EURO		Euro Interbank Offered Rate
LIBOR		London Interbank Offered Rate
MSCI		Morgan Stanley Capital International
MTN		Medium-Term Note
OTC		Over-the-Counter
PIK		Payment-In-Kind
PRIME		U.S. Prime Rate
REIT		Real Estate Investment Trust
S&P		Standard & Poor’s
SPDR		Standard & Poor’s Depository Receipts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
GBP	1,307,000	USD	1,620,732	JPMorgan Chase Bank N.A.		04/03/20	$	2,713
USD	1,694,697	GBP	1,314,000	Natwest Markets PLC		04/03/20		62,557
USD	9,060,506	EUR	8,201,000	UBS AG		05/05/20		4,124

								69,394

EUR	8,201,000	USD	9,048,163	UBS AG		04/03/20		(3,027	)
USD	9,206,621	EUR	8,372,000	UBS AG		04/03/20		(27,115	)
USD	1,621,948	GBP	1,307,000	JPMorgan Chase Bank N.A.		05/05/20		(2,640	)

								(32,782	)

	Net Unrealized Appreciation						$	36,612


Reference Obligation/Index	Financing Rate Received by the Fund			Payment Frequency		Termination Date		Credit Rating^(a)		Notional Amount (000)^(b)		Value			Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Markit iTraxx XO, Series 32, Version 1		5.00	%		Quarterly		12/20/24		B+	EUR	160	$	(3,326	)	$	9,701	$	(13,027	)


Reference Obligation/Index	Financing Rate Paid by the Fund		Payment Frequency		Counterparty		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Altice Finco SA		5.00		Quarterly		BNP Paribas S.A.		12/20/24	EUR	30	$	(267	)	$	(3,797	)	$	3,530


	Level 1		Level 2			Level 3		Total
Assets:
Investments:
Long-Term Investments:
Common Stocks^(a)	$	9,691	$	84,542		$	69,061	$	163,294
Asset-Backed Securities^(a)		—		425,602			998,775		1,424,377
Corporate Bonds^(a)		—		68,000,016			2		68,000,018
Floating Rate Loan Interests^(a)		—		437,597,832			149,059,695		586,657,527
Investment Companies		160,387		—			—		160,387
Preferred Securities^(a)		329,265		6,888,436			—		7,217,701
Unfunded floating rate loan interests^(b)		—		(99,509	)		—		(99,509	)

	$	499,343	$	512,896,919		$	150,127,533	$	663,523,795

Derivative Financial Instruments^(c)
Assets:
Credit contracts	$	—	$	10,696		$	—	$	10,696
Foreign currency exchange contracts		—		69,394			—		69,394
Liabilities:
Credit contracts		—		(595,728	)		—		(595,728	)
Foreign currency exchange contracts		—		(32,782	)		—		(32,782	)

	$	—	$	(548,420	)	$	—	$	(548,420	)


	Common Stocks			Asset Backed Securities			Corporate Bonds		Floating Rate Loan Interests			Total
Assets:
Opening balance, as of December 31, 2019	$	763,992		$	—		$	2	$	30,343,623		$	31,107,617
Transfers into Level 3^(a)		—			—			—		105,424,389			105,424,389
Transfers out of Level 3^(b)		—			—			—		(9,662,305	)		(9,662,305	)
Accrued discounts/premiums		—			—			—		45,739			45,739
Net realized gain (loss)		2,512			—			—		(2,295,395	)		(2,292,883	)
Net change in unrealized appreciation (depreciation)^(c)		(694,931	)		(1,225	)		—		(16,811,654	)		(17,507,810	)
Purchases		—			1,000,000			—		67,233,879			68,233,879
Sales		(2,512	)		—			—		(25,218,581	)		(25,221,093	)

Closing balance, as of March 31, 2020	$	69,061		$	998,775		$	2	$	149,059,695		$	150,127,533

Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2020^(c)	$	(694,931	)	$	(1,225	)	$	—	$	(16,769,697	)	$	(17,465,853	)