BlackRock Debt Strategies Fund


Security		Par (000)		Value

Asset-Backed Securities
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32	GBP		100	$	122,014


Total Asset-Backed Securities — 0.0% (Cost: $146,873)					122,014


		Shares

Common Stocks

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


Energy Equipment & Services^(b)— 0.1%
Mcdermott International Ltd.			141,483		339,559
Pioneer Energy Services Corp.^(a)			809		31,416

					370,975

Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.^(b)			10,718		11


Media^(b)— 0.0%
Adelphia Communications Corp., Class A^(a)(c)(d)			400,000		4
Adelphia Recovery Trust			396,568		317

					321

Metals & Mining — 0.0%
Ameriforge Group, Inc.^(b)			1,664		27,456
Preferred Proppants LLC^(a)			14,576		58,304

					85,760

Semiconductors & Semiconductor Equipment^(b)— 0.0%
Maxeon Solar Technologies Ltd			213		3,612
SunPower Corp			1,707		21,355

					24,967

Software — 0.0%
Avaya Holdings Corp.^(b)			40		608


Specialty Retail — 0.0%
NMG Parent LLC			1,477		62,756


Total Common Stocks — 0.1% (Cost: $14,066,218)					556,151


		Par (000)

Corporate Bonds

Aerospace & Defense — 0.7%
Bombardier, Inc.^(c)8.75%, 12/01/21	USD		7		7,091
6.13%, 01/15/23			664		567,720
7.50%, 12/01/24			58		44,515
7.50%, 03/15/25			14		10,500
7.88%, 04/15/27			19		14,410
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(c)			200		169,000
Howmet Aerospace, Inc., 5.13%, 10/01/24			15		15,900
Rolls-Royce PLC, 0.88%, 05/09/24	EUR		100		101,570
Signature Aviation US Holdings, Inc.^(c)
5.38%, 05/01/26	USD		42		42,420
4.00%, 03/01/28			196		182,280


Security		Par (000)		Value

Aerospace & Defense (continued)
Spirit AeroSystems, Inc., 5.50%, 01/15/25			58	$	58,000
TransDigm, Inc.^(c)8.00%, 12/15/25	USD		656		713,400
6.25%, 03/15/26			1,173		1,224,958
Triumph Group, Inc., 8.88%, 06/01/24^(c)			218		232,170
Wolverine Escrow LLC, 9.00%, 11/15/26^(c)			501		413,325

					3,797,259

Air Freight & Logistics — 0.0%
XPO Logistics, Inc., 6.25%, 05/01/25^(c)			35		37,402


Airlines — 1.1%
Allegiant Travel Co., 8.50%, 02/05/24			1,065		1,065,000
American Airlines, Inc., 11.75%, 07/15/25^(c)			2,133		2,058,345
Delta Air Lines, Inc./SkyMiles IP Ltd.^(c)4.50%, 10/20/25			75		77,014
4.75%, 10/20/28			225		233,613
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(c)			2,172		2,261,595
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(c)			25		26,362

					5,721,929

Auto Components — 0.3%
Clarios Global LP, 6.75%, 05/15/25^(c)			621		653,602
Clarios Global LP/Clarios US Finance Co. 4.38%, 05/15/26	EUR		100		117,392
6.25%, 05/15/26^(c)	USD		122		127,923
8.50%, 05/15/27^(c)			229		236,442
Goodyear Tire & Rubber Co. (The), 9.50%, 05/31/25			65		70,525
Venture Holdings Co. LLC, 12.00%, 07/01/49^(a)(b)(d)			5,150		1
ZF Finance GmbH 3.00%, 09/21/25	EUR		100		114,017
3.75%, 09/21/28			100		113,435

					1,433,337

Automobiles — 0.8%
Allison Transmission, Inc., 5.88%, 06/01/29^(c)	USD		145		156,817
Asbury Automotive Group, Inc.^(c)4.50%, 03/01/28			75		75,469
4.75%, 03/01/30			73		73,547
AutoNation, Inc., 4.75%, 06/01/30			93		109,574
FCE Bank PLC, 1.62%, 05/11/23	EUR		100		112,848
Ford Motor Co. 8.50%, 04/21/23	USD		169		184,210
4.35%, 12/08/26			9		8,884
4.75%, 01/15/43			176		159,355
5.29%, 12/08/46			78		73,174
Ford Motor Credit Co. LLC 3.81%, 01/09/24			200		198,000
4.06%, 11/01/24			200		199,750
5.13%, 06/16/25			423		436,219
General Motors Co. 6.13%, 10/01/25			581		674,924
6.80%, 10/01/27			296		360,511
5.00%, 10/01/28			19		21,365
General Motors Financial Co., Inc. 2.75%, 06/20/25			574		587,270
5.65%, 01/17/29			21		24,497


Security		Par (000)		Value

Automobiles (continued)
Group 1 Automotive, Inc., 4.00%, 08/15/28^(c)	USD		205	$	201,412
Ken Garff Automotive LLC, 4.88%, 09/15/28^(c)			39		38,366
Nissan Motor Co. Ltd., 4.81%, 09/17/30^(c)			200		201,201
Penske Automotive Group, Inc., 3.50%, 09/01/25 .			78		77,682
Tesla, Inc., 5.30%, 08/15/25^(c)			135		139,725

					4,114,800

Banks — 0.0%
Banca Monte dei Paschi di Siena SpA, 2.63%, 04/28/25	EUR		100		115,926
Banco Espirito Santo SA^(b)(d)2.63%, 05/08/17			100		15,242
4.75%, 01/15/21^(e)			200		30,483
4.00%, 01/21/21			100		15,242

					176,893

Banks: Diversified — 0.0%
Encompass Health Corp. 5.75%, 11/01/24	USD		69		69,104
4.50%, 02/01/28			14		14,070
4.75%, 02/01/30			19		19,276

					102,450

Beverages — 0.4%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(c)(f)			441		438,707
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 5.25%, 08/15/27^(c)			208		211,952
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.^(c) 5.25%, 04/30/25			244		254,980
4.13%, 08/15/26			200		202,750
Ball Corp., 2.88%, 08/15/30			91		89,976
Trivium Packaging Finance BV 3.75%, 08/15/26	EUR		100		115,759
8.50%, 08/15/27^(c)	USD		814		877,675

					2,191,799

Biotechnology — 0.0%
Emergent BioSolutions, Inc., 3.88%, 08/15/28^(c)			25		25,098


Building Materials — 0.2%
Boise Cascade Co., 4.88%, 07/01/30^(c)			45		48,375
Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(c)			69		69,889
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25^(c)			14		14,792
Griffon Corp., 5.75%, 03/01/28			28		29,227
Jeld-Wen, Inc.^(c)4.63%, 12/15/25			32		32,160
4.88%, 12/15/27			10		10,191
Masonite International Corp., 5.38%, 02/01/28^(c)			56		59,720
Standard Industries, Inc.^(c)5.00%, 02/15/27			44		45,760
4.38%, 07/15/30			154		157,891
3.38%, 01/15/31			205		202,334


Security		Par (000)		Value

Building Materials (continued)
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(c)	USD		168	$	174,930
US Concrete, Inc., 5.13%, 03/01/29^(c)			29		29,072

					874,341

Building Products^(c)— 0.1%
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			106		107,855
SRS Distribution, Inc., 8.25%, 07/01/26			403		430,202

					538,057

Capital Markets — 0.1%
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 4.75%, 09/15/24			153		154,912
6.38%, 12/15/25			3		3,084
5.25%, 05/15/27			138		143,768
NFP Corp.^(c)7.00%, 05/15/25			31		32,860
6.88%, 08/15/28			194		196,401
Owl Rock Capital Corp., 4.25%, 01/15/26			58		58,756

					589,781

Chemicals — 0.6%
Atotech Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(c)(f)			400		401,000
Atotech Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(c)			636		644,745
Blue Cube Spinco LLC 9.75%, 10/15/23			10		10,313
10.00%, 10/15/25			143		151,223
Element Solutions, Inc., 3.88%, 09/01/28^(c)			374		366,987
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(c)			134		136,680
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(c)			166		178,450
Minerals Technologies, Inc., 5.00%, 07/01/28^(c)			55		56,913
PQ Corp., 5.75%, 12/15/25^(c)			307		315,826
Valvoline, Inc., 4.25%, 02/15/30^(c)			88		89,760
WESCO Distribution, Inc.^(c)7.13%, 06/15/25			217		236,378
7.25%, 06/15/28			198		216,944
WR Grace & Co-Conn, 4.88%, 06/15/27^(c)			92		95,008

					2,900,227

Commercial Services & Supplies — 0.2%
APX Group, Inc., 7.88%, 12/01/22			163		163,000
ASGN, Inc., 4.63%, 05/15/28^(c)			89		89,367
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27^(c)			17		18,201
Herc Holdings, Inc., 5.50%, 07/15/27^(c)			253		261,766
Prime Security Services Borrower LLC/Prime Finance, Inc., 3.38%, 08/31/27^(c)			121		116,069
Team Health Holdings, Inc., 6.38%, 02/01/25^(c)			103		70,555
United Rentals North America, Inc. 5.50%, 05/15/27			74		78,532


Security	Par (000)			Value

Commercial Services & Supplies (continued)
United Rentals North America, Inc. (continued)
5.25%, 01/15/30		USD	2	$	2,182
4.00%, 07/15/30			61		62,525

					862,197

Communications Equipment^(c)— 0.1%
Avaya, Inc., 6.13%, 09/15/28			183		186,587
CommScope Technologies LLC, 6.00%, 06/15/25			109		110,477
CommScope, Inc. 6.00%, 03/01/26			32		33,360
8.25%, 03/01/27			12		12,480

					342,904

Construction & Engineering^(c)— 0.0%
KBR, Inc., 4.75%, 09/30/28			61		61,381
Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/28			23		23,230

					84,611

Construction Materials^(c)— 0.5%
American Builders & Contractors Supply Co., Inc., 4.00%, 01/15/28			1,176		1,195,110
Core & Main LP, 6.13%, 08/15/25			797		807,301
HD Supply, Inc., 5.38%, 10/15/26			219		229,083
IAA, Inc., 5.50%, 06/15/27			159		165,559
Picasso Finance Sub, Inc., 6.13%, 06/15/25			159		171,265
Williams Scotsman International, Inc., 4.63%, 08/15/28			77		77,311
Winnebago Industries, Inc., 6.25%, 07/15/28			45		47,475

					2,693,104

Consumer Discretionary^(c)— 0.1%
Carnival Corp. 11.50%, 04/01/23			30		33,619
10.50%, 02/01/26			42		46,515
9.88%, 08/01/27			40		42,384
NCL Corp. Ltd., 10.25%, 02/01/26			37		38,549
Nielsen Finance LLC/Nielsen Finance Co. 5.63%, 10/01/28			112		115,842
5.88%, 10/01/30			86		89,010
Royal Caribbean Cruises Ltd. 10.88%, 06/01/23			45		50,343
9.13%, 06/15/23			54		57,240
11.50%, 06/01/25			95		110,205

					583,707

Consumer Finance — 0.7%
Husky III Holding Ltd., (13.00% Cash or 13.00% PIK), 13.00%, 02/15/25^(c)(f)			434		449,190
MPH Acquisition Holdings LLC, 7.13%, 06/01/24^(c)			388		398,612
Navient Corp. 7.25%, 09/25/23			5		5,162
6.13%, 03/25/24			96		96,720
5.88%, 10/25/24			77		76,567
5.00%, 03/15/27			2		1,878
OneMain Finance Corp. 8.88%, 06/01/25			27		29,902
6.63%, 01/15/28			8		8,878
5.38%, 11/15/29			14		14,560
PayPal Holdings, Inc., 1.65%, 06/01/25			257		266,180
Refinitiv US Holdings, Inc., 4.50%, 05/15/26^(c)		EUR	855		1,047,695


Security	Par (000)			Value

Consumer Finance (continued)
Sabre GLBL, Inc.^(c)5.25%, 11/15/23		USD	10	$	9,775
9.25%, 04/15/25			287		315,864
7.38%, 09/01/25			81		81,810
Verscend Escrow Corp., 9.75%, 08/15/26^(c)			851		925,284
WEX, Inc., 4.75%, 02/01/23^(c)			8		8,010

					3,736,087

Containers & Packaging — 0.1%
Graham Packaging Co., Inc., 7.13%, 08/15/28^(c)			147		153,064
Graphic Packaging International LLC, 3.50%, 03/01/29^(c)			23		23,144
Intelligent Packaging Ltd. Finco Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28^(c)			43		43,604
International Paper Co., 7.30%, 11/15/39			5		7,308
LABL Escrow Issuer LLC, 6.75%, 07/15/26^(c)			116		122,380

					349,500

Diversified Consumer Services — 0.3%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(c)6.63%, 07/15/26			868		924,420
9.75%, 07/15/27			76		82,575
Ascend Learning LLC, 6.88%, 08/01/25			340		347,203
Brink’s Co., 5.50%, 07/15/25^(c)			36		37,530
Service Corp. International, 3.38%, 08/15/30			84		84,105

					1,475,833

Diversified Financial Services — 0.1%
Arrow Global Finance PLC, 5.13%, 09/15/24		GBP	100		121,729
Citigroup, Inc., Series V, (Secured Overnight Financing Rate + 3.23%), 4.70%^(g)(h)		USD	410		396,163
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(c)(f)			24		12,641
Intrum AB, Series SEP, 4.88%, 08/15/25		EUR	100		114,900
Spectrum Brands, Inc.^(c)5.00%, 10/01/29		USD	18		18,675
5.50%, 07/15/30			50		52,750

					716,858

Diversified Telecommunication Services — 0.5%
CenturyLink, Inc. 5.13%, 12/15/26^(c)			618		634,927
Series P, 7.60%, 09/15/39			183		206,768
Cincinnati Bell, Inc.^(c)7.00%, 07/15/24			26		26,764
8.00%, 10/15/25			20		21,125
Consolidated Communications, Inc., 6.50%, 10/01/28^(c)(i)			65		66,300
Frontier Communications Corp.^(c)8.50%, 04/01/26			71		71,568
8.00%, 04/01/27			35		34,879
Intelsat Jackson Holdings SA, 8.00%, 02/15/24^(c)			155		157,325
Level 3 Financing, Inc.^(c)4.25%, 07/01/28			238		241,646
3.63%, 01/15/29			123		121,463
Oi SA, (10% Cash or 8.00% Cash + 4.00% PIK), 10.00%, 07/27/25^(f)			20		19,216
SoftBank Group Corp., 4.00%, 09/19/29		EUR	100		117,203
Switch Ltd., 3.75%, 09/15/28^(c)		USD	100		101,000
Telecom Italia Capital SA 6.38%, 11/15/33			58		69,020


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Telecom Italia Capital SA (continued)
6.00%, 09/30/34	USD		134	$	155,440
7.20%, 07/18/36			14		17,657
7.72%, 06/04/38			51		67,830
Telecom Italia SpA, 5.30%, 05/30/24^(c)			314		339,905

					2,470,036

Electric Utilities — 0.1%
PG&E Corp., 5.25%, 07/01/30			108		104,490
Pike Corp., 5.50%, 09/01/28^(c)			185		186,145

					290,635

Electrical Equipment — 0.1%
Gates Global LLC/Gates Global Co., 6.25%, 01/15/26^(c)			280		288,621
NM Holdings Co. LLC, Series B, 9.50%, 07/01/05^(a)(b)(d)			5,125		1

					288,622

Electronic Equipment, Instruments & Components — 0.1%
BWX Technologies, Inc., 4.13%, 06/30/28^(c)			81		82,823
CDW LLC/CDW Finance Corp.
4.13%, 05/01/25			133		137,322
3.25%, 02/15/29			125		124,531
Energizer Holdings, Inc.^(c)
6.38%, 07/15/26			55		59,136
4.75%, 06/15/28			62		64,164
4.38%, 03/31/29			6		6,060
Xerox Corp., 4.80%, 03/01/35			181		172,855

					646,891

Energy Equipment & Services — 0.2%
Archrock Partners LP/Archrock Partners Finance Corp.^(c)
6.88%, 04/01/27			107		102,493
6.25%, 04/01/28			29		27,333
Pioneer Energy Services Corp.^(a)(c)(f)
(11.00% PIK), 11.00%, 05/15/25			335		268,282
(5.00% PIK), 5.00%, 11/15/25^(j)			226		122,141
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26			331		328,104
6.88%, 09/01/27			254		251,871

					1,100,224

Environmental, Maintenance, & Security Service — 0.1%
Covanta Holding Corp., 5.00%, 09/01/30			29		29,270
GFL Environmental, Inc.^(c)
3.75%, 08/01/25			85		85,469
5.13%, 12/15/26			83		85,706
Tervita Corp., 7.63%, 12/01/21^(c)			380		346,750
Waste Pro USA, Inc., 5.50%, 02/15/26^(c)			71		71,851

					619,046

Equity Real Estate Investment Trusts (REITs) — 0.6%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(c)			128		100,873
Diversified Healthcare Trust, 9.75%, 06/15/25			70		77,860
Hilton Domestic Operating Co. Inc., 5.75%, 05/01/28^(c)			163		171,761


Security		Par (000)		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Hilton Domestic Operating Co., Inc.
5.38%, 05/01/25^(c)	USD		127	$	132,626
4.88%, 01/15/30			204		210,120
Iron Mountain, Inc.^(c)
4.88%, 09/15/29			10		10,175
5.25%, 07/15/30			134		139,695
4.50%, 02/15/31			28		28,263
5.63%, 07/15/32			151		159,456
Marriott International, Inc., Series EE, 5.75%, 05/01/25			393		438,596
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
4.50%, 09/01/26			139		141,018
4.50%, 01/15/28			420		427,875
MPT Operating Partnership LP/MPT Finance Corp., 4.63%, 08/01/29			329		342,315
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.Issuer, 5.88%, 10/01/28^(c)			29		28,927
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27			500		460,960
Service Properties Trust
4.50%, 06/15/23			15		14,710
4.35%, 10/01/24			12		10,860
7.50%, 09/15/25			108		114,772
Wyndham Destinations, Inc., 6.63%, 07/31/26^(c)			56		58,666
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(c)			60		58,200

					3,127,728

Food & Staples Retailing — 0.4%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertson’s LLC, 3.25%, 03/15/26^(c)			146		144,879
Kraft Heinz Foods Co.
3.88%, 05/15/27^(c)			16		16,947
4.25%, 03/01/31^(c)			226		247,956
5.00%, 07/15/35			24		27,636
6.88%, 01/26/39			164		219,671
4.63%, 10/01/39^(c)			88		93,425
6.50%, 02/09/40			35		44,482
5.20%, 07/15/45			101		110,416
4.38%, 06/01/46			217		222,952
4.88%, 10/01/49^(c)			208		219,506
5.50%, 06/01/50^(c)			406		465,299
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(c)			99		106,920
Post Holdings, Inc., 4.63%, 04/15/30^(c)			116		119,335
TreeHouse Foods, Inc., 4.00%, 09/01/28			23		23,262

					2,062,686

Food Products^(c)— 0.2%
Aramark Services, Inc.
6.38%, 05/01/25			99		103,126
5.00%, 02/01/28			67		67,502
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25			261		269,814
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28			118		128,030


Security		Par (000)		Value

Food Products (continued)
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29	USD		234	$	259,733
Simmons Foods, Inc., 7.75%, 01/15/24			174		182,265

					1,010,470

Gas Utilities — 0.0%
Ferrellgas LP/Ferrellgas Finance Corp., 10.00%, 04/15/25^(c)			39		42,218


Health Care Equipment & Supplies^(c)— 0.2%
Avantor Funding, Inc., 4.63%, 07/15/28			316		327,850
Avantor, Inc., 6.00%, 10/01/24			343		358,435
Hologic, Inc., 3.25%, 02/15/29			30		30,187
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA 7.38%, 06/01/25			189		191,835
7.25%, 02/01/28			72		74,880

					983,187

Health Care Providers & Services — 0.8%
Acadia Healthcare Co, Inc., 5.50%, 07/01/28^(c)			66		67,882
Acadia Healthcare Co., Inc., 5.00%, 04/15/29^(c)(i)			39		39,341
AdaptHealth LLC, 6.13%, 08/01/28^(c)			49		50,725
AHP Health Partners, Inc., 9.75%, 07/15/26^(c)			204		218,790
Centene Corp. 5.38%, 08/15/26^(c)			117		123,923
4.25%, 12/15/27			206		215,565
3.38%, 02/15/30			30		31,125
3.00%, 10/15/30⁽ⁱ⁾			53		54,071
CHS/Community Health Systems, Inc.^(c) 8.63%, 01/15/24			153		152,235
6.63%, 02/15/25			205		198,337
8.00%, 03/15/26			441		433,503
Encompasss Health Corp. , 4.63%, 04/01/31			33		33,000
HCA, Inc., 3.50%, 09/01/30			515		524,723
LifePoint Health, Inc.^(c)6.75%, 04/15/25			116		122,090
4.38%, 02/15/27			135		135,169
Molina Healthcare, Inc., 4.38%, 06/15/28^(c)			83		84,702
Polaris Intermediate Corp., (8.50% Cash or 9.25% PIK), 8.50%, 12/01/22^(c)(f)			302		306,784
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health Inc., 9.75%, 12/01/26^(c)			10		10,625
Surgery Center Holdings, Inc.^(c)6.75%, 07/01/25			145		144,275
10.00%, 04/15/27			234		249,210
Teleflex, Inc., 4.25%, 06/01/28^(c)			130		134,550
Tenet Healthcare Corp.^(c)7.50%, 04/01/25			110		118,250
4.88%, 01/01/26			372		378,756
5.13%, 11/01/27			385		395,472
4.63%, 06/15/28			46		46,662
6.13%, 10/01/28			135		131,288

					4,401,053

Health Care Technology — 0.0%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(c)			229		232,275


Hotels, Restaurants & Leisure — 0.8%
1011778 BC ULC/New Red Finance, Inc.^(c)5.75%, 04/15/25			225		240,187
4.38%, 01/15/28			218		222,316


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
1011778 BC ULC/New Red Finance, Inc.^(c)(continued) 4.00%, 10/15/30⁽ⁱ⁾	USD		4	$	44,339
Boyd Gaming Corp. 8.63%, 06/01/25^(c)			79		86,606
6.38%, 04/01/26			32		33,318
4.75%, 12/01/27			58		56,913
Boyne USA, Inc., 7.25%, 05/01/25^(c)			19		19,950
Caesars Entertainment, Inc.^(c)6.25%, 07/01/25			472		493,356
8.13%, 07/01/27			282		298,920
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(c)			154		158,812
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(c)			292		300,760
GLP Capital LP/GLP Financing II, Inc. 5.25%, 06/01/25			162		175,903
5.38%, 04/15/26			80		88,664
Golden Nugget, Inc., 6.75%, 10/15/24^(c)			455		379,925
Las Vegas Sands Corp. 3.50%, 08/18/26			31		31,414
3.90%, 08/08/29			28		27,995
MGM Resorts International, 5.75%, 06/15/25			73		76,562
Newell Brands Inc., 4.88%, 06/01/25			46		49,623
Powdr Corp., 6.00%, 08/01/25^(c)			58		59,305
Scientific Games International, Inc.^(c)8.63%, 07/01/25			65		67,826
8.25%, 03/15/26			483		504,295
SeaWorld Parks & Entertainment, Inc., 9.50%, 08/01/25^(c)			52		54,026
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(c)			275		292,531
Vail Resorts, Inc., 6.25%, 05/15/25^(c)			89		94,451
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/29^(c)			103		98,108
Yum! Brands, Inc. 7.75%, 04/01/25^(c)			52		57,671
4.75%, 01/15/30^(c)			142		153,360
3.63%, 03/15/31			22		22,000
5.35%, 11/01/43			14		14,770

					4,203,906

Household Durables — 0.2%
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.88%, 02/15/30^(c)			237		221,834
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(c)			75		79,125
Diebold Nixdorf, Inc., 9.38%, 07/15/25^(c)			42		44,310
Lennar Corp. 4.75%, 05/30/25			25		27,285
5.25%, 06/01/26			143		160,517
Mattamy Group Corp., 4.63%, 03/01/30^(c)			102		103,285
NCR Corp.^(c)5.75%, 09/01/27			92		96,185
5.00%, 10/01/28			35		35,028
6.13%, 09/01/29			78		82,596
5.25%, 10/01/30			36		36,000
PulteGroup, Inc. 5.00%, 01/15/27			44		49,775
7.88%, 06/15/32			23		31,625
Taylor Morrison Communities, Inc., 5.13%, 08/01/30^(c)			50		53,250


Security		Par (000)		Value

Household Durables (continued)
Tempur Sealy International, Inc., 5.50%, 06/15/26	USD		2	$	2,076
TRI Pointe Group, Inc., 5.70%, 06/15/28			18		19,710

					1,042,601

Independent Power and Renewable Electricity Producers^(c)— 0.2%
Calpine Corp.
5.25%, 06/01/26			100		103,888
4.50%, 02/15/28			5		5,121
5.13%, 03/15/28			488		505,080
4.63%, 02/01/29			170		169,681
5.00%, 02/01/31			178		181,435
Clearway Energy Operating LLC, 4.75%, 03/15/28			46		47,495
TerraForm Power Operating LLC, 4.75%, 01/15/30			103		108,923

					1,121,623

Insurance — 0.3%
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, 6.75%, 10/15/27^(c)			657		689,272
AmWINS Group, Inc., 7.75%, 07/01/26^(c)			25		26,750
HUB International Ltd., 7.00%, 05/01/26^(c)			467		483,929
Unipol Gruppo SpA, 3.25%, 09/23/30	EUR		100		118,462
Willis North America, Inc., 2.95%, 09/15/29	USD		10		10,776

					1,329,189

Interactive Media & Services — 0.1%
Netflix, Inc.
4.88%, 04/15/28			213		238,027
5.88%, 11/15/28			43		51,308
3.63%, 06/15/30	EUR		100		126,918
4.88%, 06/15/30^(c)	USD		254		289,560
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 10.75%, 06/01/28^(c)			30		32,700
Twitter, Inc., 3.88%, 12/15/27^(c)			55		56,513

					795,026

Internet Software & Services^(c)— 0.4%
Expedia Group, Inc.
3.60%, 12/15/23			486		496,552
6.25%, 05/01/25			275		303,300
4.63%, 08/01/27			95		99,824
Match Group Holdings II LLC
4.63%, 06/01/28			60		61,800
4.13%, 08/01/30			127		128,468
TripAdvisor, Inc., 7.00%, 07/15/25			82		85,485
Uber Technologies, Inc.
7.50%, 11/01/23			145		151,046
7.50%, 05/15/25			230		245,086
8.00%, 11/01/26			33		35,171
7.50%, 09/15/27			106		113,420
6.25%, 01/15/28			265		272,208

					1,992,360

IT Services — 0.7%
Banff Merger Sub, Inc., 9.75%, 09/01/26^(c)			460		486,266
Booz Allen Hamilton, Inc., 3.88%, 09/01/28^(c)			134		137,558
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26^(c)			461		469,356
Camelot Finance SA, 4.50%, 11/01/26^(c)			287		292,740
Dun & Bradstreet Corp.^(c)6.88%, 08/15/26			102		109,553


Security		Par (000)		Value

IT Services (continued)
Dun & Bradstreet Corp.^(c)(continued) 10.25%, 02/15/27	USD		232	$	262,160
Fiserv, Inc., 2.25%, 06/01/27			1,385		1,462,823
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(c)			291		296,997

					3,517,453

Leisure Products — 0.0%
Mattel, Inc.
6.75%, 12/31/25^(c)			12		12,660
5.88%, 12/15/27^(c)			34		36,593
6.20%, 10/01/40			23		22,286
5.45%, 11/01/41			99		92,576

					164,115

Machinery — 0.2%
Clark Equipment Co., 5.88%, 06/01/25^(c)			284		294,295
Colfax Corp., 6.38%, 02/15/26^(c)			161		170,660
Platin 1426 GmbH, 5.38%, 06/15/23	EUR		100		110,210
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(c)	USD		57		57,784
Titan Acquisition Ltd/Titan Co-Borrower LLC, 7.75%, 04/15/26^(c)			126		125,370
Vertical US Newco, Inc., 5.25%, 07/15/27^(c)			200		207,853

					966,172

Media — 2.8%
Altice France Holding SA
8.00%, 05/15/27	EUR		100		124,280
10.50%, 05/15/27^(c)	USD		539		598,964
6.00%, 02/15/28^(c)			272		259,431
CCO Holdings LLC/CCO Holdings Capital Corp.^(c)
5.13%, 05/01/27			112		117,849
5.00%, 02/01/28			34		35,700
5.38%, 06/01/29			144		156,060
4.50%, 08/15/30			134		140,706
4.25%, 02/01/31			286		296,428
4.50%, 05/01/32			460		480,125
Clear Channel International BV, 6.63%, 08/01/25^(c)			200		204,560
Clear Channel Worldwide Holdings, Inc.
9.25%, 02/15/24			363		351,892
5.13%, 08/15/27^(c)			626		601,116
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(c)			1,488		1,492,687
CSC Holdings LLC
5.25%, 06/01/24			344		368,940
4.13%, 12/01/30^(c)			200		203,850
4.63%, 12/01/30^(c)			223		224,672
3.38%, 02/15/31^(c)			205		198,491
DISH DBS Corp.
5.88%, 07/15/22			689		716,560
7.75%, 07/01/26			181		198,984
GCI LLC, 4.75%, 10/15/28^(c)(i)			29		29,363
Hughes Satellite Systems Corp., 5.25%, 08/01/26			20		21,263
Lamar Media Corp., 4.00%, 02/15/30^(c)			57		57,000
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(c)			200		209,000
Liberty Broadband Corp., 2.75%, 09/30/50^(c)(j)			456		490,532


Security		Par (000)		Value

Media (continued)
Lions Gate Capital Holdings LLC^(c)
6.38%, 02/01/24	USD		26	$	25,740
5.88%, 11/01/24			21		20,633
Live Nation Entertainment, Inc., 6.50%, 05/15/27^(c)			324		349,674
Qualitytech LP/QTS Finance Corp., 3.88%, 10/01/28^(c)(i)			95		95,627
Radiate Holdco LLC/Radiate Finance, Inc.^(c)
4.50%, 09/15/26			714		713,850
6.50%, 09/15/28			1,030		1,055,505
SES SA, (5 year EUR Swap + 5.40%), 5.63%^(g)(h)	EUR		100		123,836
Sirius XM Radio, Inc.^(c)
5.50%, 07/01/29	USD		124		132,990
4.13%, 07/01/30			101		102,894
Telesat Canada/Telesat LLC, 4.88%, 06/01/27^(c)			131		131,531
Univision Communications, Inc.^(c)
5.13%, 02/15/25			107		101,383
6.63%, 06/01/27			421		411,001
Virgin Media Secured Finance PLC, 4.50%, 08/15/30^(c)			200		205,488
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(c)			242		241,395
WMG Acquisition Corp.^(c)
3.88%, 07/15/30			32		32,998
3.00%, 02/15/31			19		18,473
Zayo Group Holdings, Inc.^(c)
4.00%, 03/01/27			2,254		2,218,443
6.13%, 03/01/28			450		464,490
Ziggo Bond Co. BV, 5.13%, 02/28/30^(c)			200		202,460
Ziggo BV, 5.50%, 01/15/27^(c)			169		177,028

					14,403,892

Metals & Mining — 0.6%
Arconic Corp.^(c)
6.00%, 05/15/25			97		103,589
6.13%, 02/15/28			106		108,849
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(c)			227		229,531
Constellium SE^(c)
6.63%, 03/01/25			300		306,937
5.88%, 02/15/26			321		329,359
Freeport-McMoRan, Inc.
4.38%, 08/01/28			164		169,569
4.63%, 08/01/30			168		176,644
5.45%, 03/15/43			551		610,938
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(c)			96		97,200
Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28^(c)			51		53,677
Kaiser Aluminum Corp., 4.63%, 03/01/28^(c)			75		69,937
New Gold, Inc., 7.50%, 07/15/27^(c)			134		142,710
Novelis Corp.^(c)
5.88%, 09/30/26			51		52,402
4.75%, 01/30/30			385		378,155
thyssenkrupp AG, 2.88%, 02/22/24	EUR		64		70,366
United States Steel Corp., 12.00%, 06/01/25^(c)	USD		156		166,060

					3,065,923


Security		Par (000)		Value

Multiline Retail^(c)— 0.1%
Macy’s Inc., 8.38%, 06/15/25	USD		202	$	208,854
Nordstrom, Inc., 8.75%, 05/15/25			75		82,189

					291,043

Office Supplies & Equipment — 0.1%
BY Crown Parent LLC, 7.38%, 10/15/24^(c)			602		611,030


Oil, Gas & Consumable Fuels — 2.9%
Apache Corp.
4.88%, 11/15/27			68		64,260
5.10%, 09/01/40			59		52,842
5.25%, 02/01/42			10		8,950
4.75%, 04/15/43			103		91,606
4.25%, 01/15/44			46		39,100
5.35%, 07/01/49			23		20,298
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22^(c)			582		573,270
Brand Industrial Services, Inc., 8.50%, 07/15/25^(c)			314		296,730
Buckeye Partners LP
4.13%, 03/01/25^(c)			5		4,750
3.95%, 12/01/26			34		31,681
4.50%, 03/01/28^(c)			61		58,789
Callon Petroleum Co.
6.25%, 04/15/23			121		38,720
6.13%, 10/01/24			9		2,565
8.25%, 07/15/25			281		75,870
6.38%, 07/01/26			65		15,925
Cenovus Energy, Inc.
3.00%, 08/15/22			26		25,344
3.80%, 09/15/23			15		14,490
5.38%, 07/15/25			201		193,450
5.40%, 06/15/47			10		8,448
Cheniere Energy Partners LP
5.63%, 10/01/26			151		157,040
4.50%, 10/01/29			128		131,299
5.25%, 10/01/25			12		12,276
Cheniere Energy, Inc., 4.63%, 10/15/28^(c)			419		429,999
CITGO Petroleum Corp., 7.00%, 06/15/25^(c)			90		88,762
CNX Resources Corp., 7.25%, 03/14/27^(c)			64		65,280
Comstock Resources, Inc.
7.50%, 05/15/25^(c)			278		261,320
9.75%, 08/15/26			131		134,326
Continental Resources, Inc., 4.90%, 06/01/44			124		93,393
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 5.63%, 05/01/27^(c)			194		173,294
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(c)			677		638,072
CVR Energy, Inc.^(c)
5.25%, 02/15/25			164		142,680
5.75%, 02/15/28			54		45,900
DCP Midstream Operating LP
5.38%, 07/15/25			22		22,684
5.63%, 07/15/27			65		66,495
5.13%, 05/15/29			118		116,230
6.45%, 11/03/36^(c)			250		239,570
6.75%, 09/15/37^(c)			21		20,160
Diamondback Energy, Inc.
4.75%, 05/31/25			60		64,724
3.50%, 12/01/29			497		481,804



Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
eG Global Finance PLC
6.25%, 10/30/25	EUR		142	$	165,739
8.50%, 10/30/25^(c)	USD		244		257,180
Endeavor Energy Resources LP/EER Finance, Inc.^(c)
6.63%, 07/15/25			73		75,007
5.50%, 01/30/26			421		417,842
5.75%, 01/30/28			320		321,600
EnLink Midstream Partners LP
4.40%, 04/01/24			136		122,400
4.85%, 07/15/26			39		33,739
5.60%, 04/01/44			249		159,982
5.05%, 04/01/45			20		12,700
EQM Midstream Partners LP
6.00%, 07/01/25^(c)			88		90,750
4.13%, 12/01/26			17		16,201
6.50%, 07/01/27^(c)			115		121,902
EQT Corp. 3.90%, 10/01/27			120		110,475
8.75%, 02/01/30			27		31,860
Extraction Oil & Gas, Inc.^(b)(c)(d)
7.38%, 05/15/24			383		95,750
5.63%, 02/01/26			133		33,250
Harvest Midstream I LP, 7.50%, 09/01/28^(c)			94		93,530
Indigo Natural Resources LLC, 6.88%, 02/15/26^(c)			13		12,653
MasTec, Inc., 4.50%, 08/15/28^(c)			83		83,830
Matador Resources Co., 5.88%, 09/15/26			489		408,780
MEG Energy Corp.^(c)
7.00%, 03/31/24			194		180,420
6.50%, 01/15/25			316		309,971
7.13%, 02/01/27			79		70,850
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., 4.63%, 06/15/25^(c)			287		292,740
Murphy Oil Corp., 5.75%, 08/15/25			55		47,981
Murphy Oil USA, Inc., 4.75%, 09/15/29			119		126,735
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(c)			200		178,384
New Enterprise Stone & Lime Co. Inc., 9.75%, 07/15/28^(c)			26		28,080
New Fortress Energy, Inc., 6.75%, 09/15/25^(c)			271		283,330
NGPL PipeCo LLC, 7.77%, 12/15/37^(c)			186		236,760
NuStar Logistics LP
5.75%, 10/01/25			41		42,345
6.00%, 06/01/26			124		124,350
Occidental Petroleum Corp. 2.70%, 08/15/22			127		118,665
2.90%, 08/15/24			60		50,906
3.20%, 08/15/26			5		3,966
3.00%, 02/15/27			2		1,568
4.30%, 08/15/39			174		120,610
6.20%, 03/15/40			274		227,036
4.50%, 07/15/44			72		51,525
4.63%, 06/15/45			190		137,275
6.60%, 03/15/46			7		6,029
4.40%, 04/15/46			114		80,964
4.10%, 02/15/47			17		11,477
4.20%, 03/15/48			69		47,438
4.40%, 08/15/49			35		24,504



Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Parsley Energy LLC/Parsley Finance Corp., 5.63%, 10/15/27^(c)	USD		477	$	474,615
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25^(c)			216		221,404
PDC Energy, Inc.
6.13%, 09/15/24			187		178,117
6.25%, 12/01/25			29		26,970
5.75%, 05/15/26			48		44,570
Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/29			23		22,229
QEP Resources, Inc.
5.38%, 10/01/22			675		553,500
5.25%, 05/01/23			165		120,037
5.63%, 03/01/26			38		21,565
Range Resources Corp.
5.88%, 07/01/22			69		66,930
5.00%, 08/15/22			103		99,364
5.00%, 03/15/23			80		76,000
Rattler Midstream LP, 5.63%, 07/15/25^(c)			79		79,592
Sabine Pass Liquefaction LLC, 4.50%, 05/15/30^(c)			144		162,209
SM Energy Co.
6.13%, 11/15/22			11		8,558
10.00%, 01/15/25^(c)			490		465,500
Southwestern Energy Co.
4.10%, 03/15/22			158		156,025
7.50%, 04/01/26			36		35,190
8.38%, 09/15/28			31		30,461
Sunoco Logistics Partners Operations LP
4.00%, 10/01/27			35		35,766
5.30%, 04/01/44			115		107,144
5.40%, 10/01/47			106		100,082
Sunoco LP/Sunoco Finance Corp.
5.50%, 02/15/26			8		7,990
5.88%, 03/15/28			151		154,397
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(c)
5.50%, 09/15/24			9		8,460
7.50%, 10/01/25			44		44,178
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.13%, 02/01/25			75		74,813
5.38%, 02/01/27			17		17,096
5.50%, 03/01/30^(c)			255		255,268
4.88%, 02/01/31^(c)			97		93,937
Transocean, Inc., 11.50%, 01/30/27^(c)			167		68,503
Viper Energy Partners LP, 5.38%, 11/01/27^(c)			117		115,245
Western Midstream Operating LP
4.00%, 07/01/22			36		36,213
4.65%, 07/01/26			176		171,160
4.75%, 08/15/28			95		91,341
5.30%, 03/01/48			54		43,470
5.50%, 08/15/48			6		4,950
6.25%, 02/01/50			99		91,699
WPX Energy, Inc.
8.25%, 08/01/23			261		294,930
5.75%, 06/01/26			28		28,980
5.25%, 10/15/27			78		79,170


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc. (continued)
5.88%, 06/15/28	USD		66	$	68,970
4.50%, 01/15/30			59		58,005

					15,366,078

Personal Products — 0.0%
Edgewell Personal Care Co., 5.50%, 06/01/28^(c)			57		59,977


Pharmaceuticals — 0.5%
Bausch Health Americas, Inc., 8.50%, 01/31/27^(c)			173		190,084
Bausch Health Cos., Inc.
4.50%, 05/15/23	EUR		140		162,610
6.13%, 04/15/25^(c)	USD		3		3,071
9.00%, 12/15/25^(c)			382		415,540
7.00%, 01/15/28^(c)			185		196,100
6.25%, 02/15/29^(c)			168		172,798
5.25%, 01/30/30^(c)			95		93,575
Catalent Pharma Solutions, Inc., 5.00%, 07/15/27^(c)			134		139,360
Charles River Laboratories International, Inc., 4.25%, 05/01/28^(c)			63		66,118
Elanco Animal Health, Inc., 5.90%, 08/28/28			69		79,695
Endo Dac/Endo Finance LLC/Endo Finco, Inc.^(c)
9.50%, 07/31/27			102		106,590
6.00%, 06/30/28			91		66,885
Jaguar Holding Co. II/PPD Development LP^(c)
4.63%, 06/15/25			172		177,160
5.00%, 06/15/28			161		168,044
MEDNAX, Inc.^(c)
5.25%, 12/01/23			122		123,525
6.25%, 01/15/27			62		64,322
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(c)			254		266,111
Synlab Unsecured Bondco PLC, 8.25%, 07/01/23	EUR		100		119,883
West Street Merger Sub, Inc., 6.38%, 09/01/25^(c)	USD		134		136,652

					2,748,123

Producer Durables: Miscellaneous^(c)— 0.2%
Boxer Parent Co., Inc.
7.13%, 10/02/25			124		132,439
9.13%, 03/01/26			215		227,900
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24			287		303,933
Open Text Corp., 3.88%, 02/15/28			254		256,936
Open Text Holdings, Inc., 4.13%, 02/15/30			54		55,536

					976,744

Professional Services^(c)— 0.0%
Gartner, Inc.
4.50%, 07/01/28			110		115,638
3.75%, 10/01/30			137		138,582

					254,220

Real Estate Management & Development — 0.3%
Consus Real Estate AG, 9.63%, 05/15/24	EUR		100		124,638
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28^(c⁾	USD		842		874,122
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(c)			24		24,180


Security		Par (000)		Value

Real Estate Management & Development (continued)
Howard Hughes Corp., 5.38%, 08/01/28^(c)	USD		109	$	108,944
Realogy Group LLC/Realogy Co-Issuer Corp., 7.63%, 06/15/25^(c)			171		179,123
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27	GBP		47		61,921

					1,372,928

Semiconductors & Semiconductor Equipment — 0.4%
Broadcom, Inc.
4.70%, 04/15/25	USD		910		1,034,045
3.15%, 11/15/25			514		556,728
4.30%, 11/15/32			190		217,054
ON Semiconductor Corp., 3.88%, 09/01/28^(c)			106		107,492
Qorvo, Inc., 3.38%, 04/01/31^(c)			128		130,080
Sensata Technologies, Inc., 3.75%, 02/15/31^(c)			81		80,494

					2,125,893

Software^(c)— 0.6%
ANGI Group LLC, 3.88%, 08/15/28			84		83,160
Black Knight InfoServ LLC, 3.63%, 09/01/28			122		123,296
CDK Global, Inc., 5.25%, 05/15/29			54		57,510
MSCI, Inc.
4.00%, 11/15/29			58		60,900
3.88%, 02/15/31			132		137,570
PTC, Inc.
3.63%, 02/15/25			37		37,555
4.00%, 02/15/28			80		82,226
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24			1,315		1,374,175
SS&C Technologies, Inc., 5.50%, 09/30/27			254		269,931
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25			190		199,025
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25			587		605,344

					3,030,692

Specialty Retail^(c)— 0.1%
Gap, Inc., 8.88%, 05/15/27			105		119,437
L Brands, Inc.
6.88%, 07/01/25			133		143,640
6.63%, 10/01/30			46		46,805
Michaels Stores, Inc., 4.75%, 10/01/27⁽ⁱ⁾			51		50,554
PetSmart, Inc., 7.13%, 03/15/23			185		186,619

					547,055

Technology Hardware, Storage & Peripherals — 0.0%
Seagate HDD Cayman, 4.13%, 01/15/31^(c)			30		32,376


Telecommunications Equipment^(c)— 0.1%
ViaSat, Inc.
5.63%, 04/15/27			258		265,417
6.50%, 07/15/28			115		115,167

					380,584

Textiles, Apparel & Luxury Goods — 0.0%
Hanesbrands, Inc., 5.38%, 05/15/25^(c)			71		74,905
Levi Strauss & Co., 5.00%, 05/01/25			40		40,925


Security		Par (000)		Value

Textiles, Apparel & Luxury Goods (continued)
William Carter Co., 5.50%, 05/15/25^(c)	USD		23	$	24,093
Wolverine World Wide Inc., 6.38%, 05/15/25^(c)			24		25,320

					165,243

Thrifts & Mortgage Finance — 0.1%
Genworth Mortgage Holdings, Inc., 6.50%, 08/15/25^(c)			128		133,721
MGIC Investment Corp., 5.25%, 08/15/28			63		64,980
Nationstar Mortgage Holdings, Inc.^(c)6.00%, 01/15/27			58		59,123
5.50%, 08/15/28			81		80,899

					338,723

Utilities — 0.0%
Vistra Operations Co. LLC, 5.63%, 02/15/27^(c)			99		104,465


Wireless Telecommunication Services — 0.5%
Altice France SA^(c)7.38%, 05/01/26			391		409,729
8.13%, 02/01/27			334		364,060
GLP Capital LP/GLP Financing II, Inc. 5.30%, 01/15/29			25		27,842
4.00%, 01/15/31			386		401,838
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(c)			4		4,276
SBA Communications Corp., 3.88%, 02/15/27^(c)			650		659,750
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC 6.00%, 04/15/23^(c)			35		35,197
8.25%, 10/15/23			71		69,935
VICI Properties LP/VICI Note Co., Inc.^(c)4.25%, 12/01/26			530		532,464
4.63%, 12/01/29			321		326,617

					2,831,708


Total Corporate Bonds — 21.9% (Cost: $122,192,403)					114,462,387


Floating Rate Loan Interests^(e)

Aerospace & Defense — 2.1%
Bleriot US Bidco, Inc.
Delayed Draw Term Loan, (3 mo. LIBOR + 4.75%), 4.97%, 10/31/26			112		110,718
Term Loan B, (3 mo. LIBOR + 4.75%), 4.97%, 10/31/26			714		708,595
Dynasty Acquisition Co., Inc.
2020 CAD Term Loan B2, (3 mo. LIBOR + 3.50%), 3.72%, 04/06/26			1,809		1,590,617
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.72%, 04/06/26			3,365		2,958,547
Nordam Group, Inc., Term Loan B, (PRIME + 4.50%), 5.69%, 04/09/26^(a)			780		655,301
Spirit Aerosystems, Inc., 2020 Term Loan B, 01/31/25^(a)(k)			893		890,767
Trandigm, Inc., 2020 Term Loan F, (1 mo. LIBOR + 2.25%), 2.40%, 12/09/25			4,228		3,990,155
TransDigm, Inc., 2020 Term Loan G, (1 mo. LIBOR + 2.25%), 2.40%, 08/22/24			269		254,357

					11,159,057


Security		Par (000)			Value

Air Freight & Logistics — 0.6%
WestJet Airlines Ltd., Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/11/26	USD		3,643		$	3,149,013


Airlines — 1.2%
American Airlines, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 01/29/27			455			330,160
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 12/14/23			2,278			1,854,876
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 2.15%, 04/28/23			1,588			1,294,655
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24			678			672,619
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27			2,112			2,144,863

						6,297,173

Auto Components — 2.3%
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 04/30/26			5,622			5,469,229
USI, Inc.
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.22%, 05/16/24			4,405			4,253,960
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 12/02/26			251			248,172
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 02/05/26			2,331			2,246,108

						12,217,469

Banks — 0.7%
Capri Finance LLC, USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 11/01/24			3,795			3,788,931


Building Materials — 0.4%
Allied Universal Holdco LLC, 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 07/12/26			2,091			2,065,656


Building Products — 1.2%
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/05/24			1,529			1,522,030
LSF10 XL Bidco SCA, EUR Term Loan B3, (EURIBOR + 4.00%), 4.00%, 10/12/26	EUR		1,000			1,116,336
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/19/23	USD		3,761			3,723,677

						6,362,043

Capital Markets — 1.9%
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27			3,784			3,756,597
FinCo I LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.50%), 2.73%, 06/27/25			—	^(l)		274
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 04/12/24^(a)			566			553,993
GT Polaris, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 09/24/27			735			728,797
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 06/03/26^(a)			1,314			1,258,211


Security		Par (000)		Value

Capital Markets (continued)
Travelport Finance (Luxembourg) Sarl
2019 Term Loan, (3 mo. LIBOR + 5.00%), 5.22%, 05/29/26	USD		2,626	$	1,969,367
2020 Super Priority Term Loan, (3 mo. LIBOR + 7.00%), 8.00%, 02/28/25			1,470		1,410,332

					9,677,571

Chemicals — 4.8%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/24			2,744		2,696,833
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 08/27/26			2,966		2,953,692
Axalta Coating Systems US Holdings, Inc., USD Term Loan B3, (3 mo. LIBOR + 1.75%), 1.97%, 06/01/24			1,267		1,236,067
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 05/16/24			2,574		2,507,242
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/16/24			711		692,190
Chemours Co., 2018 USD Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25			745		717,239
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/28/24			1,353		1,285,663
Encapsys LLC, 2020 Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 11/07/24			1,273		1,247,258
Illuminate Buyer LLC, Term Loan, (1 Week LIBOR + 4.00%), 4.15%, 06/30/27			2,213		2,192,524
Invictus US LLC
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/28/25			680		661,473
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.90%, 03/30/26			1,067		992,848
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 2.72%, 03/02/26			3,303		3,228,585
Minerals Technologies, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/14/24^(a)			434		424,972
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 05/15/24			1,331		1,271,576
Oxea Holding Drei GmbH, 2017 USD Term Loan B2, (1 mo. LIBOR + 3.50%), 3.69%, 10/14/24			2,411		2,310,847
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/01/25			426		412,254

					24,831,263

Commercial Services & Supplies — 4.7%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.00%, 11/10/23			1,764		1,759,695
Asplundh Tree Expert LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 2.65%, 09/07/27			1,775		1,771,681
Asurion LLC
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 6.65%, 08/04/25			1,728		1,727,908
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/23			1,881		1,851,180


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Asurion LLC (continued) 2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/24	USD		928	$	911,243
Creative Artists Agency LLC
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 11/26/26			744		713,371
2020 Incremental Term Loan B1, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 11/26/26			1,732		1,660,455
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/12/25			2,714		2,646,625
Diamond (BC) BV, USD Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 09/06/24			2,464		2,297,957
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/09/25			478		455,293
GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/30/25			538		535,182
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 11/03/23			515		419,655
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.44%, 09/19/26^(a)			1,290		1,241,261
Prime Security Services Borrower LLC, 2019 Term Loan B1, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/23/26			1,668		1,651,134
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/27/25			2,919		2,885,775
West Corp.
2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 10/10/24			1,023		925,959
2018 Term Loan B1, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/24			1,408		1,270,950

					24,725,324

Communications Equipment — 0.2%
Avantor, Inc., USD Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 11/21/24			1,011		996,394


Construction & Engineering — 1.2%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24			3,191		2,962,834
Pike Corp., 2020 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 07/24/26			494		489,060
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 04/12/25			524		513,625
SRS Distribution, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.15%, 05/23/25			2,609		2,534,882

					6,500,401

Construction Materials — 1.9%
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/27			1,611		1,564,982
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/01/24			4,817		4,710,476


Security	Par (000)		Value

Construction Materials (continued)
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/29/25	USD	2,496	$	2,443,259
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23		1,081		1,068,454

				9,787,171

Containers & Packaging — 2.6%
Berry Global, Inc.
Term Loan W, (1 mo. LIBOR + 2.00%), 2.16%, 10/01/22		5,590		5,536,379
Term Loan Y, (1 mo. LIBOR + 2.00%), 2.16%, 07/01/26		1,795		1,739,348
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.52%, 04/03/24		2,260		2,116,915
Flex Acquisition Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/29/23		1,965		1,918,795
Graham Packaging Co., Inc., Term Loan, (1 mo. LIBOR + 3.75%), 4.50%, 08/04/27		753		747,669
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 08/01/26		553		544,249
Tosca Services LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 08/18/27		735		734,081

				13,337,436

Distributors — 0.7%
TMK Hawk Parent Corp.
2020 Super Priority First Out Term Loan A, (3 mo. LIBOR + 9.50%, 1.00% Floor), 10.50%, 05/30/24		986		946,956
2020 Super Priority Second Out Term Loan B, (3 mo. LIBOR + 3.50%), 6.50%, 08/28/24		3,287		2,859,638

				3,806,594

Diversified Consumer Services — 3.1%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 01/31/27		641		629,457
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24		1,198		1,180,176
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27		3,080		3,060,333
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 2.50%, 11/07/23		1,771		1,712,895
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 07/11/25		3,019		2,745,158
LEB Holdings (USA), Inc, Term Loan B, 09/25/27^(k)		506		501,573
Nomad Foods Europe Midco Ltd., 2017 USD Term Loan B4, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/24		1,121		1,088,595


Security	Par (000)		Value

Diversified Consumer Services (continued)
Serta Simmons Bedding LLC
2020 Super Priority First Out Term Loan, (1 mo. LIBOR + 7.50%), 8.50%, 08/10/23	USD	422	$	415,998
2020 Super Priority Second Out Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 08/10/23		865		702,948
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 03/19/26		2,027		2,004,968
Uber Technologies, Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 07/13/23		2,431		2,386,893

				16,428,994

Diversified Financial Services — 3.6%
Advisor Group, Inc., 2019 Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 08/01/26		954		922,126
Alchemy Copyrights LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 4.00%, 08/14/27^(a)		763		761,092
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 2.64%, 04/04/24		5,015		4,885,691
Allsup’s Convenience Stores, Inc., Term Loan, (1 mo. LIBOR + 6.25%), 6.40%, 11/18/24		864		863,816
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25		1,164		1,138,730
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24		1,345		1,143,043
Milano Acquisition Corp, Term Loan, 08/17/27^(k)		2,258		2,229,775
SMG US Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR + 2.50%), 2.76%, 01/23/25		1,739		1,512,780
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 4.47%, 07/30/25		559		529,038
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/28/27		3,077		3,018,103
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 2.65%, 04/30/28		1,876		1,802,254

				18,806,448

Diversified Telecommunication Services — 2.3%
Cablevision Lightpath LLC, Term Loan B, 09/09/27^(k)		510		506,813
Consolidated Communications, Inc., 2020 Term Loan B, 10/17/27^(k)		998		986,463
GCI Holdings, Inc., 2020 Term Loan B, 09/24/25^(a)(k)		1,102		1,093,735
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/16/24		1,653		1,640,594
Iridium Satellite LLC, Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 11/04/26		1,549		1,544,024
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 03/01/27		1,676		1,622,398
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24		2,340		2,297,665


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Northwest Fiber LLC, Term Loan B, (3 mo. LIBOR + 5.50%), 5.66%, 04/30/27	USD		844	$	841,775
Virgin Media SFA Finance Ltd., GBP Term Loan L, (LIBOR - GBP + 3.25%), 3.30%, 01/15/27	GBP		1,400		1,742,033

					12,275,500

Electric Utilities — 0.2%
Pacific Gas & Electric Co., 2020 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/23/25	USD		1,279		1,251,084
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/20^(a)(b)(d)			2,375		—

					1,251,084

Energy Equipment & Services — 1.2%
Dell International LLC, 2019 Term Loan B, 09/19/25^(k)			171		170,098
Gates Global LLC, 2017 USD Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/01/24			4,289		4,219,354
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 02/12/25			1,659		1,635,399

					6,024,851

Entertainment — 0.2%
Datto, Inc., 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 04/02/26			1,265		1,262,021


Equity Real Estate Investment Trusts (REITs) — 0.7%
VICI Properties LLC, Replacement Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 12/20/24			3,938		3,800,124


Food & Staples Retailing — 1.2%
Hearthside Food Solutions LLC
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 05/23/25			1,033		1,006,789
2018 Term Loan B, (1 mo. LIBOR + 3.69%), 3.83%, 05/23/25			1,405		1,361,470
2020 Incremental Term Loan B3, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 05/23/25			180		177,904
US Foods, Inc.
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 06/27/23			3,017		2,896,743
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/13/26			749		713,560

					6,156,466

Food Products — 3.9%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 10/01/25			1,113		1,101,465
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.65%, 10/10/26			169		168,080
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23			4,059		4,008,365
Froneri International Ltd.
2020 USD 2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 5.90%, 01/29/28^(a)			375		371,522
2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 2.40%, 01/29/27			5,499		5,273,365


Security		Par (000)		Value

Food Products (continued)
Hostess Brands LLC, 2019 Term Loan, (1 mo. LIBOR + 2.25%), 3.00%, 08/03/25	USD		1,218	$	1,196,009
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/01/26			599		582,138
Pathway Vet Alliance LLC, 2020 Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 03/31/27			479		470,511
Reynolds Group Holdings, Inc.
2017 Term Loan, (PRIME + 1.75%), 3.98%, 02/05/23			4,872		4,806,920
2020 Term Loan, 02/03/26^(k)			1,703		1,670,643
Shearer’s Foods, Inc., 2020 Term Loan B, 09/23/27^(k)			565		560,412

					20,209,430

Health Care Equipment & Supplies — 0.9%
Ortho-Clinical Diagnostics SA
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 06/30/25			3,847		3,675,337
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		995		1,118,466

					4,793,803

Health Care Providers & Services — 4.5%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25	USD		830		828,456
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 06/07/23			2,184		2,143,973
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.24%, 01/08/27			1,114		1,099,552
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 06/06/25			518		487,933
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 10/10/25			1,731		1,245,138
EyeCare Partners LLC
2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.40%, 02/18/28			1,460		1,284,800
2020 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 02/18/27			1,602		1,503,451
Femur Buyer, Inc., 1st Lien Term Loan, 03/05/26^(k)			189		170,918
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 07/02/25			2,692		2,632,819
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/06/26			2,653		2,624,221
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 06/07/23			1,177		1,156,679
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 10/20/22			1,174		1,063,376


Security		Par (000)		Value

Health Care Providers & Services (continued)
Sotera Health Holdings LLC, 2019 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26	USD		7,075	$	7,039,414
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/06/24			251		209,551

					23,490,281

Health Care Services — 0.8%
Emerald TopCo., Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.76%, 07/25/26			2,418		2,322,705
WP CityMD Bidco LLC, 2019 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 08/13/26			1,896		1,882,759

					4,205,464

Health Care Technology — 1.0%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24			3,399		3,323,103
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.90%, 10/10/25			1,489		1,460,291
Quintiles IMS, Inc., 2017 USD Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 03/07/24			279		274,663

					5,058,057

Hotels, Restaurants & Leisure — 6.2%
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 11/19/26			3,273		3,132,953
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.89%, 02/02/26^(a).			497		442,351
Aristocrat Leisure Ltd., 2020 Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/24			887		880,960
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 2.02%, 10/19/24			1,085		1,053,746
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.36%, 09/15/23			1,091		1,059,910
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 12/23/24			3,729		3,484,166
2020 Term Loan, (1 mo. LIBOR + 4.50%), 4.65%, 07/20/25			3,800		3,672,330
CCM Merger, Inc., New Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 08/06/21			588		584,928
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 03/08/24			3,663		2,797,950
Four Seasons Hotels Ltd., New 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 11/30/23			905		878,858
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.50%), 3.25%, 10/04/23			1,883		1,673,711
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23^(a)			201		227,378
Herschend Entertainment Co. LLC, Term Loan B, (3 mo. LIBOR + 5.75%, 1.00% Floor), 6.75%, 08/25/25^(a)			533		509,015


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
IRB Holding Corp., 2020 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25	USD		2,221	$	2,117,096
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25			874		851,952
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24			685		598,475
Playtika Holding Corp., Term Loan B, (6 mo. LIBOR + 6.00%, 1.00% Floor), 7.00%, 12/10/24			1,663		1,662,514
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 3.61%, 08/14/24			1,147		1,076,496
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 3.72%, 07/10/25			1,222		1,217,656
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 2.50%, 02/08/27			2,001		1,908,824
Whatabrands LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.91%, 08/02/26			2,771		2,706,131

					32,537,400

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/25			670		648,365
Calpine Corp.
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.15%, 08/12/26			1,064		1,032,092
Term Loan B9, (1 mo. LIBOR + 2.25%), 2.40%, 04/06/26			1,928		1,873,781

					3,554,238

Industrial Conglomerates — 2.1%
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23			1,490		1,410,102
Vertical US Newco, Inc., USD Term Loan B, (3 mo. LIBOR + 4.25%), 4.57%, 07/30/27			1,712		1,695,804
Vertiv Group Corpo., Term Loan B, (1 mo. LIBOR + 3.00%), 3.16%, 03/02/27			7,858		7,724,216

					10,830,122

Insurance — 3.9%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 05/09/25			2,447		2,372,836
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 05/09/25			1,193		1,170,124
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 01/25/24			3,251		3,217,542
AssuredPartners Capital, Inc., 2020 Incremental Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/13/27			604		601,199
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 02/13/27			1,562		1,514,741
HUB International Ltd.
2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.26%, 04/25/25			2,816		2,718,053


Security		Par (000)		Value

Insurance (continued)
HUB International Ltd. (continued)
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 04/25/25	USD		1,423	$	1,416,773
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.00%, 09/01/27			1,467		1,451,421
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/31/25			2,614		2,518,119
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.15%, 09/03/26			2,083		2,049,315
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			1,501		1,487,987

					20,518,110

Interactive Media & Services — 1.9%
Ancestry.com Operations Inc., 2019 Extended Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 08/27/26			355		354,032
Ancestry.com Operations, Inc., Non-Extended Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/23			2,761		2,755,592
Camelot US Acquisition 1 Co., 2020 Incremental Term Loan B, 10/31/26^(k)			3,763		3,742,604
Go Daddy Operating Co. LLC, 2020 Term Loan B3, (1 mo. LIBOR + 2.50%), 2.65%, 08/10/27			1,726		1,697,995
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/03/23			334		327,108
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24			871		845,154

					9,722,485

IT Services — 6.4%
Aruba Investments, Inc., 2020 USD Term Loan B, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/07/25			459		455,365
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/31/26			3,619		3,545,771
Flexential Intermediate Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 7.50%, 08/01/25			1,121		658,587
Greeneden US Holdings II LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/01/23			4,253		4,238,827
GreenSky Holdings LLC, 2020 Term Loan B2, (1 mo. LIBOR + 4.50%), 5.50%, 03/29/25^(a)			1,383		1,334,146
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 02/12/27			2,845		2,498,514
Sophia LP^(k)
2020 1st Lien Term Loan, 09/22/27			4,577		4,543,817
2020 2nd Lien Term Loan, 09/17/27			3,730		3,636,750
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 11/16/26			3,338		3,249,719


Security		Par (000)		Value

IT Services (continued)
Veritas US, Inc., 2020 USD Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 09/01/25	USD		7,140	$	6,979,828
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/26			2,222		2,142,719

					33,284,043

Leisure Products — 0.1%
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/19/24			784		627,434


Life Sciences Tools & Services — 0.5%
Albany Molecular Research, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 08/30/25			75		73,750
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/04/27			2,476		2,462,896

					2,536,646

Machinery — 1.7%
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 02/28/27			2,639		2,547,123
Terex Corp., 2019 Term Loan B1, (1 mo. LIBOR + 2.75%), 3.50%, 01/31/24^(a)			383		373,586
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.36%, 03/28/25			6,062		5,711,642

					8,632,351

Media — 13.8%
Altice Financing SA
2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 07/15/25			661		630,323
USD 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.89%, 01/31/26			1,763		1,662,085
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.15%, 08/14/26			2,838		2,751,781
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 04/30/25			3,599		3,530,592
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.76%, 08/21/26			5,862		5,320,873
Cogeco Communications Finance (USA) LP, Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/03/25			122		118,505
Connect Finco Sarl, Term Loan B, (1 mo. LIBOR + 0.45%, 1.00% Floor), 4.65%, 12/12/26			8,370		8,103,519
CSC Holdings LLC
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 2.40%, 07/17/25			590		569,340
2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 2.65%, 04/15/27			1,981		1,916,991
Gray Television, Inc., 2018 Term Loan C, (1 mo. LIBOR + 2.50%), 2.66%, 01/02/26			1,461		1,433,824
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23			455		456,579


Security		Par (000)		Value

Media (continued)
Intelsat Jackson Holdings SA (continued)
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22	USD		79	$	80,024
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			3,868		3,276,923
Liberty Latin America Ltd., Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 10/15/26			1,488		1,484,905
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 2.40%, 03/24/25			1,564		1,505,137
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.94%, 10/19/26			2,007		1,864,418
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 09/13/24			3,604		3,500,426
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 09/15/24			717		707,563
Midcontinent Communications, 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 08/15/26			840		823,062
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.75%), 2.91%, 09/19/26			1,720		1,679,402
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 03/03/25			4,418		3,280,224
Radiate Holdco LLC
1st Lien Term Loan, 09/25/26^(k)			2,270		2,229,746
2020 Term Loan, (1 mo. LIBOR + 3.50%), 4.25%, 09/25/26			213		209,402
Terrier Media Buyer, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/17/26			2,611		2,542,939
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 09/28/23			4,338		4,207,982
UFC Holdings LLC, 2019 Term Loan, (6 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 04/29/26			649		636,460
Virgin Media Bristol LLC
2020 USD Term Loan Q, 01/31/29^(k)			2,097		2,059,317
USD Term Loan N, (1 mo. LIBOR + 2.50%), 2.65%, 01/31/28			2,578		2,498,747
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.90%, 05/18/25			3,164		2,693,220
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/09/27			10,632		10,303,530

					72,077,839

Metals & Mining — 0.4%
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 4.76%, 07/31/25			2,055		1,971,080


Multiline Retail — 0.2%
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 08/04/24			907		875,959
Neiman Marcus Group Ltd. LLC, 2020 Exit Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 09/25/25			115		117,518

					993,477


Security		Par (000)		Value

Oil, Gas & Consumable Fuels — 0.6%
California Resources Corp., Second Out Term Loan, 0.00%, 12/31/21^(b)(d)(k)	USD		2,002	$	38,377
Chesapeake Energy Corp., 2019 Last Out Term Loan, (1 mo. LIBOR + 8.00%), 9.00%, 06/24/24^(a)(b)(d)			315		214,471
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 12/13/25			1,741		1,682,992
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25			722		705,829
McDermott Technology Americas, Inc.
2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 06/30/24^(a)			46		39,580
2020 Take Back Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 06/30/25			320		238,913

					2,920,162

Personal Products — 0.8%
Sunshine Luxembourg VII Sarl, USD Term Loan B1, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.32%, 09/25/26			4,276		4,247,275


Pharmaceuticals — 3.3%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 3.69%, 05/04/25			2,287		2,150,012
Catalent Pharma Solutions, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 05/18/26			2,335		2,320,370
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 08/01/27			944		916,136
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.10%, 11/15/27			1,890		1,848,531
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22			3,789		3,771,567
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 06/02/25			6,605		6,466,107

					17,472,723

Professional Services — 1.4%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.75%), 3.89%, 02/06/26			5,836		5,768,831
STG-Fairway Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.25%), 3.47%, 01/31/27^(a)			1,450		1,417,732

					7,186,563

Real Estate Management & Development — 0.6%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 04/18/24			2,028		1,942,421
Cushman & Wakefield U.S. Borrower LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 08/21/25			1,314		1,264,410
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/08/25			180		172,221

					3,379,052

Road & Rail — 1.7%
Lineage Logistics Holdings LLC, 2018 Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 02/27/25			4,638		4,566,994


Security		Par (000)			Value

Road & Rail (continued)
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 09/25/25	USD		871		$	856,227
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/13/23			2,503			2,269,165
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 5.65%, 08/04/25			1,410			1,166,970

						8,859,356

Semiconductors & Semiconductor Equipment — 0.2%
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/29/25^(a)			928			923,596
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/19/26			—	^(l)		31

						923,627

Software — 17.1%
Applied Systems, Inc.
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/19/24			3,580			3,554,094
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 09/19/25			764			772,210
BMC Software Finance, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 10/02/25			2,320			2,246,414
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26			2,007			1,979,742
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.97%, 01/31/27			2,553			2,448,837
Cornerstone OnDemand, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.41%, 04/22/27			1,061			1,058,125
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24			1,349			1,337,807
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.80%, 05/27/24			338			295,870
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 09/29/23			1,081			941,086
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			1,886			1,933,150
2020 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/31/27			4,246			4,235,848
Financial & Risk US Holdings, Inc.
2018 EUR Term Loan, (EURIBOR + 3.25%), 3.25%, 10/01/25	EUR		954			1,103,058
2018 USD Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 10/01/25	USD		8,977			8,879,607
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed + 7.13%), 7.13%, 02/25/25			1,914			1,941,121
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/25/27			7,843			7,660,084
McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 09/30/24			3,478			3,448,820


Security		Par (000)		Value

Software (continued)
MED ParentCo LP, 2020 Incremental Term Loan B, (1 mo. LIBOR + 6.25%, 1.00% Floor), 7.25%, 08/31/26^(a)	USD		772	$	760,420
Mitchell International, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 11/29/24			2,500		2,384,336
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 12/01/25			887		838,343
2020 Add-On Term Loan, (1 mo. LIBOR + 4.25%), 4.75%, 12/01/24			1,840		1,802,059
Netsmart Technologies, Inc., 2020 Term Loan B, 09/22/27^(k)			1,307		1,300,792
Omnitracs, Inc., 2020 2nd Lien Term Loan, 09/10/28^(k)			953		937,514
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/30/25			591		568,720
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 08/01/25			3,339		3,235,183
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 02/05/24			2,134		2,090,545
Solera LLC, USD Term Loan B, (2 mo. LIBOR + 2.75%), 2.94%, 03/03/23			3,168		3,098,940
Sophia LP, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/30/22			4,694		4,669,718
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25			405		391,095
SS&C Technologies, Inc.
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25			576		557,037
2018 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25			1,753		1,695,877
Tempo Acquisition LLC, 2020 Extended Term Loan, (1 mo. LIBOR + 3.25%), 3.75%, 11/02/26			5,523		5,348,840
Tibco Software Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 03/04/28			3,674		3,581,974
Ultimate Software Group, Inc.
2020 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 6.75%), 7.50%, 05/03/27			1,767		1,796,456
2020 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.75%, 05/03/26			5,439		5,419,311
Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 05/03/26			5,171		5,120,535

					89,433,568

Specialty Retail — 2.2%
Belron Finance US LLC
2018 Term Loan B, (3 mo. LIBOR + 2.50%), 2.75%, 11/13/25			2,013		1,982,945
2019 USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.77%, 11/13/25			1,154		1,138,406
USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.74%, 11/07/24			1,446		1,424,532
MED ParentCo LP
1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26			264		250,127
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26			1,503		1,425,581


Security		Par (000)		Value

Specialty Retail (continued)
Midas Intermediate Holdco II LLC, Incremental Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/18/21	USD		1,406	$	1,310,240
PetSmart, Inc., Consenting Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/11/22			2,935		2,925,554
Research Now Group, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 12/20/24			1,148		1,083,861

					11,541,246

Technology Hardware, Storage & Peripherals — 0.6%
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR + 5.00%), 5.15%, 07/23/26			1,616		1,302,998
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.91%, 04/29/23			1,900		1,881,629

					3,184,627

Thrifts & Mortgage Finance — 0.6%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 05/23/25			2,946		2,896,937


Trading Companies & Distributors — 0.7%
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 10/17/23			3,757		3,741,890


Utilities — 0.4%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/28/24			2,266		2,259,816


Wireless Telecommunication Services — 2.7%
Ligado Networks LLC, PIK Exit Term Loan, (1 mo. LIBOR + 11.75%), 8.50%, 12/07/20^(b)(d)			205		187,174
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/11/25			3,378		3,286,672
T-Mobile USA, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 04/01/27			7,177		7,166,104
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.90%, 06/10/27			3,364		3,294,213

					13,934,163


Total Floating Rate Loan Interests — 120.9% (Cost: $647,720,095)					631,730,249


		Shares

Investment Companies

Equity Funds — 0.0%
SPDR S&P Oil & Gas Exploration & Production ETF			4,875		205,091


Fixed Income Funds — 2.3%
Invesco Senior Loan ETF			60,000		1,304,400


Security		Shares		Value

Fixed Income Funds (continued)
iShares iBoxx $ High Yield Corporate Bond ETF^(m)			62,000	$	5,201,800
iShares iBoxx $ Investment Grade Corporate Bond ETF^(m)			39,000		5,253,690

					11,759,890


Total Investment Companies — 2.3% (Cost: $11,846,505)					11,964,981


		Benefical Interest (000)

Other Interests⁽ⁿ⁾

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


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


		Par (000)

Preferred Securities

Capital Trusts — 1.1%^(g)

Automobiles — 0.0%
General Motors Financial Co., Inc., Series C, 5.70%^(h)	USD		50		50,188


Banks — 0.2%
Bankia SA, 6.38%^(h)	EUR		200		239,534
HBOS Capital Funding LP, 6.85%	USD		200		203,000
Wells Fargo & Co., Series U, 5.88%^(h)			670		721,330

					1,163,864

Diversified Financial Services^(h)— 0.9%
Banco Santander SA, 4.38%	EUR		200		211,627
Bank of America Corp.
Series AA, 6.10%	USD		657		715,217
Series DD, 6.30%			55		62,156
Series X, 6.25%			350		373,975
Series Z, 6.50%			232		257,868
BNP Paribas SA, 4.50%^(c)			200		191,750
HSBC Holdings PLC, 6.00%			600		615,000
JPMorgan Chase & Co.
Series FF, 5.00%			765		763,681
Series HH, 4.60%			166		162,680
Series I, 3.74%			52		49,861
Series V, 3.55%			780		721,656
Natwest Group PLC, 8.63%			246		252,150

					4,377,621


Total Capital Trusts — 1.1%					5,591,673


Security	Shares		Value

Preferred Stocks — 0.1%

Capital Markets — 0.1%
Goldman Sachs Group, Inc., Series J, 5.50%^(g)(h).		13,550	$	359,210


Total Preferred Securities — 1.2% (Cost: $5,912,319)				5,950,883


Warrants

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


Oil, Gas & Consumable Fuels — 0.0%
SM Energy Co. (Expires 06/30/23)^(b)		11,411		18,029


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


Total Warrants — 0.0% (Cost: $48,949)				18,029


Total Long-Term Investments — 146.4% (Cost: $801,933,362)				764,804,694


Short-Term Securities

Money Market Funds — 0.1%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.02%^(m)(o)		854,939		854,939


Total Short-Term Securities — 0.1% (Cost: $854,939)				854,939


Total Investments — 146.5% (Cost: $802,788,301)				765,659,633

Liabilities in Excess of Other Assets — (46.5)%				(243,170,388	)


Net Assets — 100.0%			$	522,489,245

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

^(b)	Non-income producing security.

^(c)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

^(e)	Variable rate security. Rate shown is the rate in effect as of period end.

^(f)	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.

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

^(h)	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

⁽ⁱ⁾	When-issued security.

^(j)	Convertible security.

^(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)	Amount is less than 500.

^(m)	Affiliate of the Fund.

⁽ⁿ⁾	Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

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

Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 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 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

A reconciliation of Level 3 financial instruments 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 financial instruments 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 financial instruments.


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
EUR	1,401,000	USD	1,642,433	Bank of America N.A.		10/05/20	$	272
EUR	1,134,000	USD	1,327,914	UBS AG		10/05/20		1,727
GBP	73,000	USD	93,875	Bank of America N.A.		10/05/20		321
GBP	1,485,000	USD	1,908,077	HSBC Bank PLC.		10/05/20		8,117
USD	21,382	EUR	18,000	Bank of America N.A.		10/05/20		276
USD	120,372	EUR	102,000	Bank of America N.A.		10/05/20		774
USD	3,097,401	EUR	2,588,000	BNP Paribas S.A.		10/05/20		62,913
USD	117,286	EUR	99,000	Morgan Stanley & Co. International PLC		10/05/20		1,206
USD	2,737,074	EUR	2,289,000	UBS AG		10/05/20		53,170
USD	101,157	GBP	76,000	Morgan Stanley & Co. International PLC		10/05/20		3,090
USD	1,982,015	GBP	1,489,000	State Street Bank and Trust Co.		10/05/20		60,660
USD	1,331,685	EUR	1,134,000	Goldman Sachs International		11/04/20		1,221
USD	1,645,229	EUR	1,401,000	Goldman Sachs International		11/04/20		1,508

								195,255

EUR	1,134,000	USD	1,330,862	Goldman Sachs International		10/05/20		(1,222	)
EUR	1,401,000	USD	1,644,214	Goldman Sachs International		10/05/20		(1,509	)
USD	1,643,451	EUR	1,401,000	Bank of America N.A.		11/04/20		(270	)
USD	1,328,736	EUR	1,134,000	UBS AG		11/04/20		(1,728	)
USD	93,890	GBP	73,000	Bank of America N.A.		11/04/20		(322	)
USD	1,908,378	GBP	1,485,000	HSBC Bank PLC.		11/04/20		(8,119	)

								(13,170	)

							$	182,085


Reference Obligation/Index	Financing Rate Received by the Fund			Payment Frequency		Counterparty		Termination Date		Credit Rating^(a)	Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Casino Guichard Perrachon SA		1.00	%		Quarterly		Bank of America N.A.		06/20/23	B		EUR	9	$	(2,342	)	$	(836	)	$	(1,506	)
Casino Guichard Perrachon SA		1.00			Quarterly		Barclays Bank PLC		06/20/23	B		EUR	6		(1,466	)		(429	)		(1,037	)
Casino Guichard Perrachon SA		1.00			Quarterly		Citibank N.A.		06/20/23	B		EUR	9		(2,295	)		(750	)		(1,545	)
Casino Guichard Perrachon SA		1.00			Quarterly		JPMorgan Chase Bank N.A.		06/20/23	B		EUR	10		(2,532	)		(590	)		(1,942	)
Casino Guichard Perrachon SA		1.00			Quarterly		JPMorgan Chase Bank N.A.		06/20/23	B		EUR	5		(1,378	)		(421	)		(957	)
Casino Guichard Perrachon SA		1.00			Quarterly		JPMorgan Chase Bank N.A.		06/20/23	B		EUR	9		(2,297	)		(750	)		(1,547	)
Casino Guichard Perrachon SA		1.00			Quarterly		JPMorgan Chase Bank N.A.		06/20/23	B		EUR	4		(919	)		(281	)		(638	)
CenturyLink, Inc.		1.00			Quarterly		Barclays Bank PLC		12/20/23	NR		USD	170		(6,651	)		(8,649	)		1,998
Garfunkelux Holdco 2 SA		5.00			Quarterly		Credit Suisse International		12/20/24	B-		EUR	10		(1,715	)		(113	)		(1,602	)
CenturyLink, Inc.		1.00			Quarterly		Barclays Bank PLC		06/20/25	NR		USD	185		(17,389	)		(23,926	)		6,537

														$	(38,984	)	$	(36,745	)	$	(2,239	)


	Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests			Warrants			Total

Assets

Opening Balance, as of December 31, 2019	$	763,992		$	2		$	30,343,623		$	—	^(a)	$	—	^(a)	$	31,107,617
Transfers into Level 3^(b)		—			—			5,440,267			—			—			5,440,267
Transfers out of Level 3^(c)		—			—			(20,778,835	)		—			—			(20,778,835	)
Accrued discounts/premiums		—			7,030			16,081			—			—			23,111
Net realized gain (loss)		2,512			—			(602,395	)		—			—			(599,883	)
Net change in unrealized appreciation (depreciation)^(d)		(674,300	)		(7,800	)		(495,637	)		—			—			(1,177,737	)
Purchases		10,785			391,193			10,629,762			—			—			11,031,740
Sales		(2,512	)		—			(11,059,737	)		—			—			(11,062,249	)

Closing Balance, as of September 30, 2020	$	100,477		$	390,425		$	13,493,129		$	—	^(a)	$	—	^(a)	$	13,984,031

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020^(d)	$	(674,300	)	$	(7,800	)	$	(417,905	)	$	—		$	—		$	(1,100,005	)


Affiliated Issuer	Value at 12/31/19		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 09/30/20		Shares Held at 09/30/20		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	—	$	854,939	^(a)	$	—		$	—	$	—	$	854,939		854,939	$	8,812	$	—
iShares iBoxx $ High Yield Corporate Bond ETF		—		12,869,137			(7,884,095	)		65,135		151,623		5,201,800		62,000		163,005		—
iShares iBoxx $ Investment Grade Corporate Bond ETF		—		5,057,376			—			—		196,314		5,253,690		39,000		57,293		—

									$	65,135	$	347,937	$	11,310,429			$	229,110	$	—


	Level 1		Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	122,014		$	—	$	122,014
Common Stocks
Diversified Financial Services		—		—			10,753		10,753
Energy Equipment & Services		339,559		—			31,416		370,975
Health Care Management Services		—		11			—		11
Media		317		—			4		321
Metals & Mining		—		27,456			58,304		85,760
Semiconductors & Semiconductor Equipment		24,967		—			—		24,967
Software		608		—			—		608
Specialty Retail		—		62,756			—		62,756
Corporate Bonds		—		114,071,962			390,425		114,462,387
Floating Rate Loan Interests		—		618,237,120			13,493,129		631,730,249
Investment Companies		11,964,981		—			—		11,964,981
Other Interests		—		—			—		—
Preferred Securities
Capital Trusts		—		5,591,673			—		5,591,673
Preferred Stocks		359,210		—			—		359,210
Warrants		—		18,029			—		18,029
Short-Term Securities
Money Market Funds		854,939		—			—		854,939
Unfunded Floating Rate Loan Interests^(a)		—		1,539			—		1,539
Liabilities
Unfunded Floating Rate Loan Interests^(a)		—		(27,984	)		—		(27,984	)

	$	13,544,581	$	738,104,576		$	13,984,031	$	765,633,188

Derivative Financial Instruments^(b)
Assets
Credit Contracts	$	—	$	8,535		$	—	$	8,535
Foreign Currency Exchange Contracts		—		195,255			—		195,255
Liabilities
Credit Contracts		—		(10,774	)		—		(10,774	)
Foreign Currency Exchange Contracts		—		(13,170	)		—		(13,170	)

	$	—	$	179,846		$	—	$	179,846


Currency Abbreviation

EUR		Euro

GBP		British Pound

USD		United States Dollar


Portfolio Abbreviation

DAC		Designated Activity Company

DIP		Debtor-In-Possession

ETF		Exchange-Traded Fund

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

MTN		Medium-Term Note

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust

S&P		Standard & Poor’s

SCA		Svenska Celluosa Aktiebolaget

SPDR		Standard & Poor’s Depository Receipt