BlackRock Multi-Sector Income Trust


Security		Par (000)		Value

Asset-Backed Securities
522 Funding Clo I Ltd., Series 2019-5A, Class E, (3 mo. LIBOR US + 7.34%), 7.58%, 01/15/33^(a)(b)	USD		250	$	249,553
Ajax Mortgage Loan Trust, Series 2017-D, Class B, 7.50%, 12/25/57^(a)(b)(c)			894		697,020
AMMC CLO 19 Ltd., Series 2016-1A, Class E, (3 mo. LIBOR US + 7.00%), 7.24%, 10/15/28^(a)(b)			1,000		999,958
Anchorage Capital CLO Ltd.^(a)(b)
Series 2014-5RA, Class E, (3 mo. LIBOR US + 5.40%), 5.64%, 01/15/30			860		804,813
Series 2015-6A, Class DR, (3 mo. LIBOR US + 3.55%), 3.79%, 07/15/30			1,000		1,000,436
Series 2015-7A, Class D1R2, (3 mo. LIBOR US + 3.50%), 3.72%, 01/28/31			250		250,000
Series 2016-8A, Class DR, (3 mo. LIBOR US + 3.00%), 3.22%, 07/28/28			1,000		999,697
Ares LV CLO Ltd., Series 2020-55A, Class D, (3 mo. LIBOR US + 4.83%), 5.07%, 04/15/31^(a)(b)			1,000		999,922
Ares XLI CLO Ltd., Series 2016-41A, Class D, (3 mo. LIBOR US + 4.20%), 4.44%, 01/15/29^(a)(b)			900		899,888
Argent Securities Trust, Series 2006-W5, Class A1A, (1 mo. LIBOR US + 0.30%), 0.43%, 06/25/36^(a)			5,149		3,903,348
Bain Capital Credit CLO Ltd., Series 2020-2A, Class D, (3 mo. LIBOR US + 4.81%), 5.03%, 07/19/31^(a)(b)(c)			250		251,325
Battalion CLO XI Ltd., Series 2017-11A, Class E, (3 mo. LIBOR US + 5.98%), 6.20%, 10/24/29^(a)(b)			325		320,301
Bear Stearns Asset-Backed Securities I Trust, Series 2006-HE9, Class 2A, (1 mo. LIBOR US + 0.14%), 0.27%, 11/25/36^(a)			2,038		1,978,209
Benefit Street Partners CLO VI Ltd.^(a)(b)
Series 2015-VIA, Class BR, (3 mo. LIBOR US + 2.40%), 2.62%, 10/18/29			1,000		984,438
Series 2015-VIA, Class CR, (3 mo. LIBOR US + 3.45%), 3.67%, 10/18/29			1,000		995,860
Benefit Street Partners CLO X Ltd., Series 2016-10A, Class CR, (3 mo. LIBOR US + 3.50%), 3.74%, 01/15/29^(a)(b)			420		418,438
Benefit Street Partners CLO XVIII Ltd., Series 2019- 18A, Class E, (3 mo. LIBOR US + 6.90%), 7.14%, 10/15/32^(a)(b)			500		505,505
Benefit Street Partners CLO XX Ltd., Series 2020- 20A, Class C, (3 mo. LIBOR US + 2.60%), 2.84%, 07/15/31^(a)(b)			250		248,545
Brookside Mill CLO Ltd., Series 2013-1A, Class DR, (3 mo. LIBOR US + 2.65%), 2.87%, 01/17/28^(a)(b)			250		241,127
Carrington Mortgage Loan Trust^(a)
Series 2006-FRE2, Class A2, (1 mo. LIBOR US + 0.12%), 0.25%, 10/25/36			3,818		3,384,410
Series 2006-FRE2, Class A5, (1 mo. LIBOR US + 0.08%), 0.21%, 03/25/35			7,866		6,942,750
CarVal CLO III Ltd., Series 2019-2A, Class E, (3 mo. LIBOR US + 6.44%), 6.66%, 07/20/32^(a)(b)			500		489,544
C-BASS Trust, Series 2006-CB7, Class A4, (1 mo. LIBOR US + 0.16%), 0.29%, 10/25/36^(a)			5,912		5,001,497
CIFC Funding Ltd., Series 2020-1A, Class D, (3 mo. LIBOR US + 4.00%), 4.24%, 07/15/32^(a)(b)			500		501,424
Citigroup Mortgage Loan Trust, Series 2006-FX1, Class A7, 5.78%, 10/25/36			435		361,471


Security		Par (000)		Value

Asset-Backed Securities (continued)
Clear Creek CLO, Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.95%), 3.17%, 10/20/30^(a)(b)	USD		250	$	246,252
Countrywide Asset-Backed Certificates, Series 2006- 26, Class 1A, (1 mo. LIBOR US + 0.14%), 0.27%, 06/25/37^(a)			729		682,111
Dryden 75 CLO Ltd., Series 2019-75A, Class CR, (3 mo. LIBOR US + 2.40%), 2.64%, 07/15/30^(a)(b)			500		500,352
Elmwood CLO III Ltd., Series 2019-3A, Class E, (3 mo. LIBOR US + 7.00%), 7.24%, 10/15/32^(a)(b)			950		945,955
Fremont Home Loan Trust^(a)
Series 2006-A, Class 2A3, (1 mo. LIBOR US + 0.16%), 0.29%, 05/25/36			21,319		15,663,781
Series 2006-D, Class 2A3, (1 mo. LIBOR US + 0.15%), 0.28%, 11/25/36			19,249		9,515,830
Galaxy CLO Ltd., Series 2015-21A, Class ER, (3 mo. LIBOR US + 5.25%), 5.47%, 04/20/31^(a)(b)			500		471,798
Galaxy XXIX CLO Ltd., Series 2018-29A, Class D, (3 mo. LIBOR US + 2.40%), 2.62%, 11/15/26^(a)(b)			530		517,519
Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-E, Class 2A3, (1 mo. LIBOR US + 0.17%), 0.30%, 04/25/37^(a)			9,371		7,396,011
HPS Loan Management Ltd.^(a)(b)
Series 10A-16, Class C, (3 mo. LIBOR US + 3.65%), 3.87%, 01/20/28			2,500		2,499,122
Series 8A-2016, Class ER, (3 mo. LIBOR US + 5.50%), 5.72%, 07/20/30			1,000		945,467
Kayne CLO 6 Ltd., Series 2019-6A, Class E, (3 mo. LIBOR US + 7.53%), 7.75%, 01/20/33^(a)(b)			500		505,271
Long Beach Mortgage Loan Trust^(a)
Series 2006-10, Class 2A3, (1 mo. LIBOR US + 0.16%), 0.29%, 11/25/36			10,591		4,484,659
Series 2006-7, Class 2A3, (1 mo. LIBOR US + 0.16%), 0.29%, 08/25/36			5,970		3,191,974
Madison Park Funding X Ltd.^(a)(b)
Series 2012-10A, Class DR2, (3 mo. LIBOR US + 3.25%), 3.47%, 01/20/29			750		747,300
Series 2012-10A, Class ER2, (3 mo. LIBOR US + 6.40%), 6.62%, 01/20/29			1,500		1,459,607
Madison Park Funding XVI Ltd., Series 2015-16A, Class C, (3 mo. LIBOR US + 3.70%), 3.92%, 04/20/26^(a)(b)			1,000		1,000,294
Mastr Asset-Backed Securities Trust, Series 2006-HE2, Class A3, (1 mo. LIBOR US + 0.30%), 0.43%, 06/25/36^(a)			8,696		4,866,679
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ER, (3 mo. LIBOR US + 5.00%), 5.24%, 01/15/28^(a)(b)			710		699,511
Neuberger Berman Loan Advisers CLO Ltd., Series 2020-37A, Class C, (3 mo. LIBOR US + 2.50%), 2.72%, 07/20/31^(a)(b)			400		400,960
Oaktree CLO Ltd., Series 2015-1A, Class DR, (3 mo. LIBOR US + 5.20%), 5.42%, 10/20/27^(a)(b)			1,000		907,679
Octagon Investment Partners 31 LLC, Series 2017- 1A, Class E, (3 mo. LIBOR US + 6.30%), 6.52%, 07/20/30^(a)(b)			500		484,102
Octagon Investment Partners XXII Ltd., Series 2014- 1A, Class DRR, (3 mo. LIBOR US + 2.75%), 2.97%, 01/22/30^(a)(b)			500		492,128


Security		Par (000)			Value

Asset-Backed Securities (continued)
OHA Credit Partners VII Ltd., Series 2012-7A, Class DR, (3 mo. LIBOR US + 4.20%), 4.42%, 11/20/27^(a)(b)	USD		590		$	592,924
OHA Credit Partners XIII Ltd., Series 2016-13A, Class E, (3 mo. LIBOR US + 7.15%), 7.37%, 01/21/30^(a)(b)			405			405,142
OZLM XIV Ltd., Series 2015-14A, Class CR, (3 mo. LIBOR US + 3.00%), 3.24%, 01/15/29^(a)(b)			1,000			979,556
OZLM XXI Ltd., Series 2017-21A, Class D, (3 mo. LIBOR US + 5.54%), 5.76%, 01/20/31^(a)(b)			250			231,989
Palmer Square CLO Ltd., Series 2020-1A, Class C, (3 mo. LIBOR US + 3.00%), 3.22%, 04/20/29^(a)(b)			250			250,244
Palmer Square Loan Funding Ltd.^(a)(b)
Series 2018-5A, Class D, (3 mo. LIBOR US + 4.25%), 4.47%, 01/20/27			500			462,323
Series 2019-2A, Class B, (3 mo. LIBOR US + 2.25%), 2.47%, 04/20/27			250			244,725
Series 2019-3A, Class B, (3 mo. LIBOR US + 2.10%), 2.32%, 08/20/27			750			728,769
Park Avenue Institutional Advisers CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 6.22%), 6.44%, 11/14/29^(a)(b)			1,750			1,696,923
Renaissance Home Equity Loan Trust, Series 2007-3, Class AF2, 7.00%, 09/25/37			3,933			2,252,959
Rockford Tower CLO Ltd., Series 2017-2A, Class DR, (3 mo. LIBOR US + 2.85%), 3.09%, 10/15/29^(a)(b)			500			496,842
Saxon Asset Securities Trust, Series 2007-3, Class 2A3, (1 mo. LIBOR US + 0.40%), 0.53%, 09/25/47^(a)			5,000			4,741,523
Scholar Funding Trust, Series 2013-A, Class R, 0.00%,^(c)			—	^(d)		1,314,370
TICP CLO VII Ltd., Series 2017-7A, Class ER, (3 mo. LIBOR US + 7.05%), 7.29%, 04/15/33^(a)(b)			250			248,816
Treman Park CLO Ltd., Series 2015-1A, Class DRR, (3 mo. LIBOR US + 2.65%), 2.87%, 10/20/28^(a)(b)			1,500			1,491,437
TRESTLES CLO Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 3.65%), 3.87%, 07/25/29^(a)(b)			250			249,975
Unique Pub Finance Co. PLC Series M, 7.40%, 03/29/24	GBP		6,400			8,767,960
Series N, 6.46%, 03/30/32			100			132,213
WaMu Asset-Backed Certificates Trust, Series 2007- HE3, Class 2A3, (1 mo. LIBOR US + 0.24%), 0.37%, 05/25/37^(a)	USD		7,508			6,565,276
Westcott Park CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.25%), 3.47%, 07/20/28^(a)(b)			550			547,344
York CLO-2 Ltd., Series 2015-1A, Class ER, (3 mo. LIBOR US + 5.65%), 5.87%, 01/22/31^(a)(b)			250			235,877


Total Asset-Backed Securities — 18.1% (Cost: $118,078,665)						124,691,028


		Shares

Common Stocks

Aerospace & Defense — 0.3%
Raytheon Technologies Corp.			25,650			1,711,625


Security		Shares		Value

Building Products — 0.1%
Carrier Global Corp.			25,650	$	987,525


Consumer Finance — 0.0%
Arrow Global Group PLC^(e)			4,873		13,951


Energy Equipment & Services — 0.0%
Pioneer Energy Services Corp.^(c)			908		4,358


Machinery — 0.1%
Otis Worldwide Corp.			12,825		829,136


Oil, Gas & Consumable Fuels — 0.1%
Extraction Oil & Gas, Inc.^(e)(f)			25,156		669,763


Total Common Stocks — 0.6% (Cost: $4,212,221)					4,216,358


		Par (000)

Corporate Bonds

Aerospace & Defense — 2.8%
Amsted Industries, Inc., 5.63%, 07/01/27^(b)	USD		185		195,175
Bombardier, Inc.^(b)
8.75%, 12/01/21^(g)			924		967,890
5.75%, 03/15/22			120		123,150
6.00%, 10/15/22			10		9,925
6.13%, 01/15/23			408		409,714
7.50%, 12/01/24			181		174,213
7.50%, 03/15/25^(g)			44		41,195
7.88%, 04/15/27^(g)			827		763,462
Embraer Netherlands Finance BV, 6.95%, 01/17/28^(b)			269		301,347
F-Brasile SpA/F-Brasile US LLC, Series XR, 7.38%, 08/15/26^(b)			464		465,160
Howmet Aerospace, Inc.
5.87%, 02/23/22^(g)			1,065		1,111,594
5.13%, 10/01/24			2		2,200
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(b)(g)			448		468,720
Lockheed Martin Corp., 4.09%, 09/15/52^(g)			451		576,872
Moog, Inc., 4.25%, 12/15/27^(b)			172		178,450
Raytheon Technologies Corp., 3.75%, 11/01/46^(g)			700		803,829
Rolls-Royce PLC, 5.75%, 10/15/27^(b)(g)			945		1,011,150
Signature Aviation US Holdings, Inc.^(b)
5.38%, 05/01/26			322		329,953
4.00%, 03/01/28			303		308,872
Spirit AeroSystems, Inc., 5.50%, 01/15/25^(b)			236		247,505
TransDigm, Inc.
8.00%, 12/15/25^(b)(g)			825		902,344
6.25%, 03/15/26^(b)(g)			6,999		7,402,842
6.38%, 06/15/26			247		255,027
4.63%, 01/15/29^(b)			587		582,967
Triumph Group, Inc., 8.88%, 06/01/24^(b)(g)			1,311		1,442,919


					19,076,475

Airlines — 1.6%
Air Canada Pass-Through Trust, Series 2013-1, Class B, 5.38%, 11/15/22^(b)			1,571		1,575,121
American Airlines Pass-Through Trust, Series 2013-2, Class A, 4.95%, 07/15/24^(g)			1,056		1,034,603


Security		Par (000)		Value

Airlines (continued)
Avianca Holdings SA, (10.50% Cash or 12.00% PIK), 12.25%, 11/10/21^(b)(h)	USD		136	$	130,158
Continental Airlines Pass-Through Trust, Series 2007-1, Class B, 6.90%, 10/19/23			53		53,004
Delta Air Lines Pass-Through Trust, Series 2007-1, Class B, 8.02%, 02/10/24			872		873,709
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, 10/20/28^(b)			172		190,600
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)(i)			317		329,680
Latam Finance Ltd., 6.88%, 04/11/24^(b)(e)(f)			737		497,014
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)(g)			1,528		1,671,250
United Airlines Pass-Through Trust
Series 2015-1, Class A, 3.70%, 06/01/24^(g)			3,570		3,546,555
Series 2016-1, Class A, 5.88%, 10/15/27^(g)			1,126		1,257,758
Series 2020-1, Class B, 4.88%, 07/15/27⁽ⁱ⁾			60		61,350


					11,220,802

Auto Components — 0.9%
Aptiv PLC^(g)
4.25%, 01/15/26			400		461,231
4.40%, 10/01/46			280		296,100
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26	EUR		101		126,405
6.25%, 05/15/26^(b)(g)	USD		1,462		1,555,817
8.50%, 05/15/27^(b)(g)			2,512		2,660,208
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(b)			436		463,250
Faurecia SE, 3.75%, 06/15/28	EUR		100		127,563
IHO Verwaltungs GmbH, (4.63% PIK), 3.88%, 05/15/27^(h)			100		125,621
ZF Finance GmbH
3.00%, 09/21/25			100		124,468
3.75%, 09/21/28			100		128,855


					6,069,518

Automobiles — 1.3%
Allison Transmission, Inc.^(b)
5.88%, 06/01/29	USD		306		337,295
3.75%, 01/30/31			368		365,969
Asbury Automotive Group, Inc.
4.50%, 03/01/28			168		172,620
4.75%, 03/01/30			164		172,479
FCE Bank PLC, 1.62%, 05/11/23	EUR		100		121,436
Ford Motor Credit Co. LLC
5.13%, 06/16/25^(g)	USD		597		648,342
3.38%, 11/13/25			200		203,290
4.39%, 01/08/26^(g)			1,250		1,329,687
General Motors Co., 6.25%, 10/02/43^(g)			2,194		2,968,394
General Motors Financial Co., Inc., 4.25%, 05/15/23^(g)			326		350,703
Group 1 Automotive, Inc., 4.00%, 08/15/28^(b)			210		214,400
Ken Garff Automotive LLC, 4.88%, 09/15/28^(b)			156		160,298
Navistar International Corp., 6.63%, 11/01/25^(b)(g)			341		355,458
Nissan Motor Co. Ltd., 4.81%, 09/17/30^(b)			390		434,606
Penske Automotive Group, Inc.
3.50%, 09/01/25			104		106,345
5.50%, 05/15/26			32		33,186
Renault SA, 2.38%, 05/25/26	EUR		100		123,002


Security		Par (000)		Value

Automobiles (continued)
Tesla, Inc., 5.30%, 08/15/25^(b)	USD		429	$	446,031
Wabash National Corp., 5.50%, 10/01/25^(b)(g)			286		291,720


					8,835,261

Banks — 1.6%
Banca Monte dei Paschi di Siena SpA, 2.63%, 04/28/25	EUR		100		125,554
Banco Bilbao Vizcaya Argentaria SA, (5 year USD Swap + 3.87%), 6.13%^(a)(g)(j)	USD		2,000		2,080,500
Banco Industrial SA, (5 year CMT + 4.44%), 4.88%, 01/29/31^(a)(b)			205		209,612
Bancolombia SA, (5 year CMT + 2.94%), 4.63%, 12/18/29^(a)			500		515,620
Bangkok Bank PCL^(a)
(5 year CMT + 1.90%), 3.73%, 09/25/34			245		256,791
(5 year CMT + 4.73%), 5.00%^(j)			205		215,250
Bank Leumi Le-Israel BM, (5 year CMT + 1.63%), 3.28%, 01/29/31^(a)(b)			407		425,482
Bank of East Asia Ltd., (5 year CMT + 5.53%), 5.83%^(a)(j)			250		267,000
Bank Tabungan Negara Persero Tbk PT, 4.20%, 01/23/25			200		203,063
BBK BSC, 5.50%, 07/09/24			289		297,309
Chong Hing Bank Ltd., (5 year CMT + 3.86%), 5.70%^(a)(j)			250		254,531
CIT Group, Inc., 5.00%, 08/01/23^(g)			847		926,406
Commerzbank AG, (5 year EUR Swap + 6.36%), 6.13%^(a)(j)	EUR		200		255,452
Emirates NBD Bank PJSC, (6 year USD Swap + 3.66%), 6.13%^(a)(j)	USD		250		266,797
Intesa Sanpaolo SpA, 5.02%, 06/26/24^(b)(g)			2,888		3,141,889
Itau Unibanco Holding SA, 5.13%, 05/13/23^(b)			417		446,503
Standard Chartered PLC, (5 year USD ICE Swap + 1.97%), 4.87%, 03/15/33^(a)(b)(g)			500		566,035
Unione di Banche Italiane SpA, (5 year EUR Swap + 5.75%), 5.88%, 03/04/29^(a)	EUR		100		135,068
Wells Fargo & Co., (5 year CMT + 3.45%), 3.90%^(a)(j)	USD		465		465,000


					11,053,862

Beverages — 1.5%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(g)			2,160		2,706,341
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(g)(h)			1,216		1,278,320
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
4.13%, 08/15/26^(b)(g)			510		525,938
4.75%, 07/15/27	GBP		100		142,070
4.75%, 07/15/27^(b)			100		142,070
Ball Corp., 5.25%, 07/01/25	USD		44		49,958
Canpack SA/Eastern PA Land Investment Holding LLC, 3.13%, 11/01/25^(b)			211		214,956
Central American Bottling Corp., 5.75%, 01/31/27^(b)			637		673,229
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26			45		54,675
Mauser Packaging Solutions Holding Co., 5.50%, 04/15/24^(b)(g)			1,030		1,042,442
OI European Group BV, 2.88%, 02/15/25	EUR		100		122,961
Silgan Holdings, Inc.
4.13%, 02/01/28	USD		71		73,663
2.25%, 06/01/28	EUR		100		122,865


Security		Par (000)		Value

Beverages (continued)
Trivium Packaging Finance BV
3.75%, 08/15/26	EUR		100	$	123,855
5.50%, 08/15/26^(b)(g)	USD		1,189		1,253,592
8.50%, 08/15/27^(b)(g)			1,924		2,089,984


					10,616,919

Biotechnology — 0.4%
Amgen, Inc., 4.40%, 05/01/45^(g)			1,100		1,379,732
Emergent BioSolutions, Inc., 3.88%, 08/15/28^(b)			99		101,627
Gilead Sciences, Inc., 4.75%, 03/01/46^(g)			700		901,693


					2,383,052

Building Materials — 0.8%
Boise Cascade Co., 4.88%, 07/01/30^(b)			179		194,439
Cemex SAB de CV
3.13%, 03/19/26	EUR		100		124,503
5.45%, 11/19/29	USD		271		294,306
3.88%, 07/11/31^(b)			235		235,000
Cornerstone Building Brands, Inc., 6.13%, 01/15/29^(b)(g)			694		725,230
CP Atlas Buyer, Inc., 7.00%, 12/01/28^(b)			205		212,944
Forterra Finance LLC/FRTA Finance Corp., 6.50%, 07/15/25^(b)(g)			772		822,180
Jeld-Wen, Inc., 6.25%, 05/15/25^(b)			189		202,702
Masonite International Corp.^(b)
5.75%, 09/15/26			106		110,638
5.38%, 02/01/28			161		172,368
Norbord, Inc., 6.25%, 04/15/23^(b)			182		197,015
SRM Escrow Issuer LLC, 6.00%, 11/01/28^(b)			535		562,178
Standard Industries, Inc.^(b)
5.00%, 02/15/27			48		49,980
4.75%, 01/15/28			68		71,675
4.38%, 07/15/30^(g)			804		853,245
3.38%, 01/15/31^(g)			736		726,947
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(b)			227		238,917


					5,794,267

Building Products — 0.5%
Advanced Drainage Systems, Inc., 5.00%, 09/30/27^(b)			310		326,275
BCPE Ulysses Intermediate, Inc., (7.75% Cash or 8.50% PIK), 7.75%, 04/01/27^(b)(h)			173		172,135
LBM Acquisition LLC, 6.25%, 01/15/29^(b)			256		259,123
Lowe’s Cos., Inc., 4.65%, 04/15/42^(g)			400		510,580
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26^(b)			550		577,500
SRS Distribution, Inc., 8.25%, 07/01/26^(b)(g)			618		655,266
White Cap Buyer LLC, 6.88%, 10/15/28^(b)			518		538,414
White Cap Parent LLC, (8.25% PIK), 8.25%, 03/15/26^(b)(h)			268		271,015


					3,310,308

Capital Markets — 0.7%
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(a)(j)			1,060		1,091,800
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 02/01/22^(g)			167		167,167
4.75%, 09/15/24			143		151,044
6.38%, 12/15/25^(g)			231		238,219
6.25%, 05/15/26			498		526,181
5.25%, 05/15/27^(g)			604		634,212
4.38%, 02/01/29^(b)			261		259,147


Security		Par (000)		Value

Capital Markets (continued)
Intercorp Peru Ltd., 3.88%, 08/15/29^(b)	USD		470	$	493,793
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(h)	EUR		101		124,652
NFP Corp., 6.88%, 08/15/28^(b)	USD		549		577,081
Raymond James Financial, Inc., 4.95%, 07/15/46^(g)			400		528,980
RP Escrow Issuer LLC, 5.25%, 12/15/25^(b)			202		209,575


					5,001,851

Chemicals — 1.8%
Ashland Services BV, 2.00%, 01/30/28	EUR		100		121,513
Atotech Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(b)(h)	USD		511		515,768
Atotech Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(b)(g)			2,170		2,202,550
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)			385		376,971
Blue Cube Spinco LLC, 10.00%, 10/15/25			430		456,875
Braskem Netherlands Finance BV, (5 year CMT + 8.22%), 8.50%, 01/23/81^(a)(b)			537		593,613
Element Solutions, Inc., 3.88%, 09/01/28^(b)(g)			1,605		1,615,954
Equate Petrochemical BV, 4.25%, 11/03/26^(b)			442		487,996
GCP Applied Technologies, Inc., 5.50%, 04/15/26^(b)			199		202,980
HB Fuller Co., 4.25%, 10/15/28			125		127,812
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)			266		296,510
INEOS Finance PLC, 3.38%, 03/31/26	EUR		100		125,008
Ingevity Corp., 3.88%, 11/01/28^(b)	USD		105		105,274
Minerals Technologies, Inc., 5.00%, 07/01/28^(b)			218		228,900
Monitchem HoldCo 3 SA, 5.25%, 03/15/25	EUR		100		124,996
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)	USD		80		82,000
Orbia Advance Corp. SAB de CV, 5.50%, 01/15/48^(b)(g)			526		619,201
PQ Corp., 5.75%, 12/15/25^(b)(g)			644		658,490
Sasol Financing USA LLC, 6.50%, 09/27/28			290		318,637
Sherwin-Williams Co., 4.50%, 06/01/47^(g)			310		395,554
Valvoline, Inc.^(b)
4.25%, 02/15/30			6		6,270
3.63%, 06/15/31			2		2,007
Vedanta Resources Finance II PLC, 9.25%, 04/23/26			282		231,416
WESCO Distribution, Inc.^(b)(g)
7.13%, 06/15/25			830		903,119
7.25%, 06/15/28			937		1,052,593
WR Grace & Co-Conn^(b)
5.63%, 10/01/24^(g)			300		325,563
4.88%, 06/15/27			219		229,664
Yingde Gases Investment Ltd., 6.25%, 01/19/23			200		205,472


					12,612,706

Commercial Services & Supplies — 0.7%
ADT Security Corp.
4.13%, 06/15/23			16		16,769
4.88%, 07/15/32^(b)			685		741,307
APX Group, Inc.
7.88%, 12/01/22			139		139,349
8.50%, 11/01/24			166		174,679
ASGN, Inc., 4.63%, 05/15/28^(b)			120		124,070
DAE Funding LLC, 3.38%, 03/20/28^(b)			490		504,088
Fortress Transportation & Infrastructure Investors LLC, 6.50%, 10/01/25^(b)			97		100,395
Herc Holdings, Inc., 5.50%, 07/15/27^(b)			455		479,661
Intertrust Group BV, 3.38%, 11/15/25	EUR		100		123,564


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)
5.25%, 04/15/24	USD		178	$	189,348
5.75%, 04/15/26^(g)			416		455,437
3.38%, 08/31/27			409		403,699
Ritchie Bros Auctioneers, Inc., 5.38%, 01/15/25^(b)(g)			157		161,514
United Rentals North America, Inc.
5.50%, 05/15/27			345		368,672
3.88%, 11/15/27^(g)			264		277,554
5.25%, 01/15/30			170		188,190
4.00%, 07/15/30			92		97,032
Verisure Holding AB, 3.25%, 02/15/27	EUR		100		121,930


					4,667,258

Communications Equipment — 0.8%
Avaya, Inc., 6.13%, 09/15/28^(b)(g)	USD		810		860,961
CommScope Technologies LLC^(b)
6.00%, 06/15/25			50		51,057
5.00%, 03/15/27			674		668,102
CommScope, Inc.^(b)
5.50%, 03/01/24^(g)			1,097		1,125,670
6.00%, 03/01/26			292		309,155
8.25%, 03/01/27			487		524,470
7.13%, 07/01/28			117		124,489
Nokia OYJ^(g)
3.38%, 06/12/22			126		130,095
4.38%, 06/12/27			177		194,381
ViaSat, Inc.^(b)(g)
5.63%, 04/15/27			691		726,414
6.50%, 07/15/28			832		898,560


					5,613,354

Construction & Engineering — 0.1%
frontdoor, Inc., 6.75%, 08/15/26^(b)			323		344,803
KBR, Inc., 4.75%, 09/30/28^(b)			243		251,505
SPIE SA, 2.63%, 06/18/26	EUR		100		125,299


					721,607

Construction Materials^(b)— 0.6%
American Builders & Contractors Supply Co., Inc.
5.88%, 05/15/26	USD		143		148,005
4.00%, 01/15/28			444		457,875
Core & Main LP, 6.13%, 08/15/25			1,178		1,204,505
H&E Equipment Services, Inc., 3.88%, 12/15/28			166		165,195
IAA, Inc., 5.50%, 06/15/27			443		465,194
KAR Auction Services, Inc., 5.13%, 06/01/25^(g)			323		331,479
Williams Scotsman International, Inc., 4.63%, 08/15/28			316		325,480
Winnebago Industries, Inc., 6.25%, 07/15/28			176		189,640
Wolverine Escrow LLC
8.50%, 11/15/24			310		296,437
9.00%, 11/15/26			273		260,033


					3,843,843

Consumer Discretionary — 0.3%
Carnival Corp.
11.50%, 04/01/23^(b)			361		409,587
10.13%, 02/01/26	EUR		100		139,199
9.88%, 08/01/27^(b)	USD		220		252,450


Security		Par (000)		Value

Consumer Discretionary (continued)
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer Inc., 5.00%, 02/01/26^(b)	USD		178	$	180,893
Nielsen Finance LLC/Nielsen Finance Co.^(b)
5.63%, 10/01/28			633		676,468
5.88%, 10/01/30			305		338,832


					1,997,429

Consumer Finance — 1.2%
Iron Mountain UK PLC, 3.88%, 11/15/25	GBP		100		138,744
MPH Acquisition Holdings LLC, 5.75%, 11/01/28^(b)	USD		924		915,915
Muthoot Finance Ltd.
6.13%, 10/31/22^(b)			481		503,559
4.40%, 09/02/23			200		203,062
Navient Corp.
7.25%, 09/25/23^(g)			153		168,491
6.13%, 03/25/24			105		111,825
5.88%, 10/25/24			76		80,655
6.75%, 06/15/26			40		44,138
5.00%, 03/15/27			335		339,606
OneMain Finance Corp.
6.13%, 05/15/22			85		89,756
6.88%, 03/15/25			263		300,971
7.13%, 03/15/26			483		565,110
6.63%, 01/15/28			262		305,885
5.38%, 11/15/29			85		93,500
4.00%, 09/15/30			81		81,584
Refinitiv US Holdings, Inc.
4.50%, 05/15/26^(b)	EUR		480		611,116
4.50%, 05/15/26			118		150,233
Sabre GLBL, Inc.^(b)
9.25%, 04/15/25	USD		311		368,986
7.38%, 09/01/25			336		362,040
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)			342		356,535
Verscend Escrow Corp., 9.75%, 08/15/26^(b)(g)			1,936		2,088,363
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(b)(i)			82		81,590
WEX, Inc., 4.75%, 02/01/23^(b)			108		108,272


					8,069,936

Containers & Packaging — 0.5%
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			513		556,182
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			258		267,688
Graphic Packaging International LLC^(b)
4.75%, 07/15/27			104		114,660
3.50%, 03/15/28			88		91,740
3.50%, 03/01/29			141		144,349
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28^(b)			210		216,825
Intertape Polymer Group, Inc., 7.00%, 10/15/26^(b)			237		250,077
Klabin Austria GmbH, 3.20%, 01/12/31^(b)			315		313,929
LABL Escrow Issuer LLC^(b)
6.75%, 07/15/26			414		443,239
10.50%, 07/15/27			460		509,450
Sealed Air Corp.^(b)
5.13%, 12/01/24			54		59,625


Security		Par (000)		Value

Containers & Packaging (continued)
Sealed Air Corp.^(b)(continued) 6.88%, 07/15/33	USD		44	$	58,132
Suzano Austria GmbH, 3.75%, 01/15/31			200		211,540


					3,237,436

Diversified Consumer Services — 1.0%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)(g)
6.63%, 07/15/26			2,705		2,897,596
9.75%, 07/15/27			985		1,071,936
Ascend Learning LLC, 6.88%, 08/01/25			1,197		1,229,263
Garda World Security Corp.^(b)
4.63%, 02/15/27			394		397,526
9.50%, 11/01/27^(g)			244		267,790
Graham Holdings Co., 5.75%, 06/01/26^(b)			135		141,581
Laureate Education, Inc., 8.25%, 05/01/25^(b)			138		145,331
Service Corp. International
5.13%, 06/01/29			107		116,952
3.38%, 08/15/30			341		346,115
Sotheby’s, 7.38%, 10/15/27^(b)			537		582,645


					7,196,735

Diversified Financial Services — 2.0%
Alfa SAB de CV, 6.88%, 03/25/44			239		309,863
Ally Financial, Inc., 8.00%, 11/01/31^(g)			1,832		2,659,981
Arrow Global Finance PLC, 5.13%, 09/15/24	GBP		100		137,084
ASG Finance Designated Activity Co., 7.88%, 12/03/24^(b)	USD		262		230,478
Aviation Capital Group LLC, 6.75%, 04/06/21^(b)(g)			5,000		5,055,955
Barclays PLC, 5.20%, 05/12/26			200		231,376
Central Garden & Pet Co., 4.13%, 10/15/30			240		250,897
Citigroup, Inc., Series W, (5 year CMT + 3.60%), 4.00%^(a)(j)			200		202,750
Credit Suisse Group AG, (5 year CMT + 3.55%), 4.50%^(a)(b)(j)			250		247,500
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(h)			265		237,426
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(a)(g)(j)			900		952,308
HSBC Holdings PLC
4.38%, 11/23/26^(g)			370		424,709
(5 year CMT + 3.65%), 4.60%^(a)(j)			200		202,750
Intrum AB, 3.00%, 09/15/27	EUR		100		116,219
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(b)(g)
5.25%, 03/15/22	USD		27		27,135
4.25%, 02/01/27			408		390,897
Lloyds Banking Group PLC, (5 year CMT + 4.82%), 6.75%^(a)(j)			515		573,581
Manappuram Finance Ltd., 5.90%, 01/13/23			200		206,437
Operadora de Servicios Mega SA de CV Sofom ER, 8.25%, 02/11/25^(b)			501		519,318
Shriram Transport Finance Co. Ltd.
5.95%, 10/24/22			320		327,600
5.10%, 07/16/23			200		202,563
Spectrum Brands, Inc.^(b)
5.00%, 10/01/29			153		161,921
5.50%, 07/15/30			198		212,850


					13,881,598


Security		Par (000)		Value

Diversified Telecommunication Services — 3.4%
AT&T, Inc.^(g)
4.65%, 06/01/44	USD		111	$	129,070
4.85%, 07/15/45			389		460,418
4.75%, 05/15/46			2,545		3,039,225
Axtel SAB de CV, 6.38%, 11/14/24^(b)			525		547,641
Cincinnati Bell, Inc.^(b)
7.00%, 07/15/24^(g)			191		198,163
8.00%, 10/15/25			85		90,950
Consolidated Communications, Inc., 6.50%, 10/01/28^(b)(g)			840		913,777
Frontier Communications Corp.^(b)
5.88%, 10/15/27^(g)			592		636,222
5.00%, 05/01/28			1,094		1,134,341
6.75%, 05/01/29			542		569,276
Level 3 Financing, Inc.
5.38%, 05/01/25			146		149,971
4.63%, 09/15/27^(b)			127		131,942
4.25%, 07/01/28^(b)(g)			586		600,480
3.75%, 07/15/29^(b)			395		397,174
Lumen Technologies, Inc.
5.13%, 12/15/26^(b)(g)			1,008		1,071,887
4.00%, 02/15/27^(b)			456		471,514
4.50%, 01/15/29^(b)(g)			717		735,972
Series P, 7.60%, 09/15/39			276		341,164
Series U, 7.65%, 03/15/42			465		575,763
Series W, 6.75%, 12/01/23^(g)			620		687,149
Series Y, 7.50%, 04/01/24^(g)			715		806,012
Oi SA, (10.00% Cash or 8.00% Cash + 4.00% PIK), 10.00%, 07/27/25^(h)			398		413,522
SoftBank Group Corp.
4.00%, 04/20/23	EUR		140		177,419
4.50%, 04/20/25			100		131,518
Sprint Capital Corp.^(g)
6.88%, 11/15/28	USD		1,634		2,097,647
8.75%, 03/15/32			729		1,113,548
Switch Ltd., 3.75%, 09/15/28^(b)			405		413,566
Telecom Italia Capital SA
6.38%, 11/15/33			191		235,699
6.00%, 09/30/34			569		681,022
7.20%, 07/18/36			137		180,987
7.72%, 06/04/38			236		331,580
Telecom Italia SpA
4.00%, 04/11/24	EUR		100		131,098
5.30%, 05/30/24^(b)(g)	USD		600		651,879
2.75%, 04/15/25	EUR		100		127,662
1.63%, 01/18/29			100		119,838
Zayo Group Holdings, Inc.^(b)(g)
4.00%, 03/01/27	USD		1,048		1,050,955
6.13%, 03/01/28			1,542		1,603,938


					23,149,989

Education — 0.0%
Bright Scholar Education Holdings Ltd., 7.45%, 07/31/22			200		207,500


Electric Utilities — 1.1%
Duke Energy Corp., 4.80%, 12/15/45^(g)			1,500		1,880,989
Empresas Publicas de Medellin ESP, 4.25%, 07/18/29^(b)			309		326,961
Enel Finance International NV, 3.63%, 05/25/27^(b)(g)			1,250		1,408,674
Energuate Trust, 5.88%, 05/03/27^(b)(g)			375		396,914


Security		Par (000)		Value

Electric Utilities (continued)
FirstEnergy Corp.
2.65%, 03/01/30	USD		33	$	32,670
Series B, 4.40%, 07/15/27			121		132,193
Series B, 2.25%, 09/01/30			27		25,702
Series C, 5.35%, 07/15/47			614		742,498
Series C, 3.40%, 03/01/50			241		226,660
FirstEnergy Transmission LLC^(b)
5.45%, 07/15/44			380		469,440
4.55%, 04/01/49			184		207,954
NextEra Energy Operating Partners LP^(b)
4.25%, 07/15/24			205		217,320
4.25%, 09/15/24			11		11,748
Oryx Funding Ltd., 5.80%, 02/03/31^(b)(i)			200		204,437
Pike Corp., 5.50%, 09/01/28^(b)			220		227,150
Virginia Electric & Power Co., Series A, 6.00%, 05/15/37^(g)			750		1,072,477


					7,583,787

Electrical Equipment^(b)— 0.1%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26			490		514,500
GrafTech Finance, Inc., 4.63%, 12/15/28			176		178,200


					692,700

Electronic Equipment, Instruments & Components — 0.5%
BWX Technologies, Inc., 5.38%, 07/15/26^(b)			470		486,041
CDW LLC/CDW Finance Corp., 3.25%, 02/15/29			495		498,005
Corning, Inc., 4.38%, 11/15/57^(g)			1,915		2,257,967
Energizer Holdings, Inc., 4.38%, 03/31/29^(b)			24		24,540
Itron, Inc., 5.00%, 01/15/26^(b)			29		29,580
Xerox Corp., 4.80%, 03/01/35			240		242,028


					3,538,161

Energy Equipment & Services — 0.6%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27			297		311,746
6.25%, 04/01/28			916		935,465
ChampionX Corp., 6.38%, 05/01/26			283		296,867
Pioneer Energy Services Corp.^(b)(c)(h)
(11% Cash), 11.00%, 05/15/25			369		366,338
(5.00% PIK), 5.00%, 11/15/25^(k)			260		259,856
TechnipFMC PLC, 6.50%, 02/01/26^(b)			409		426,039
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26^(g)			305		318,786
6.88%, 09/01/27			880		932,800


					3,847,897

Environmental, Maintenance, & Security Service — 0.6%
Clean Harbors, Inc.^(b)(g)
4.88%, 07/15/27			297		312,702
5.13%, 07/15/29			205		222,425
Covanta Holding Corp., 5.00%, 09/01/30			118		123,900
GFL Environmental, Inc.^(b)
3.75%, 08/01/25			346		352,920
5.13%, 12/15/26			592		624,560
8.50%, 05/01/27			278		307,364
4.00%, 08/01/28			447		442,530
3.50%, 09/01/28			420		413,309
Stericycle Inc., 3.88%, 01/15/29^(b)			210		215,775


Security		Par (000)		Value

Environmental, Maintenance, & Security Service (continued)
Tervita Corp., 11.00%, 12/01/25^(b)	USD		245	$	266,438
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)			627		645,622


					3,927,545

Equity Real Estate Investment Trusts (REITs) — 1.6%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26^(b)			223		231,447
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)			354		360,449
Iron Mountain, Inc.^(b)
5.25%, 07/15/30			863		914,780
5.63%, 07/15/32^(g)			714		771,120
LMIRT Capital Pte Ltd., 7.25%, 06/19/24			232		232,870
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.
5.63%, 05/01/24^(g)			1,713		1,837,681
4.50%, 09/01/26^(g)			665		706,303
5.75%, 02/01/27			32		35,869
4.50%, 01/15/28			402		422,100
3.88%, 02/15/29^(b)			554		563,349
MPT Operating Partnership LP/MPT Finance Corp.^(g)
5.00%, 10/15/27			68		72,080
4.63%, 08/01/29			462		494,095
3.50%, 03/15/31			1,039		1,048,689
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27			971		990,420
Starwood Property Trust, Inc., 5.00%, 12/15/21^(g)			278		281,822
Trust Fibra Uno, 6.95%, 01/30/44			1,738		2,120,360


					11,083,434

Food & Staples Retailing — 2.0%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
5.75%, 03/15/25			15		15,506
3.25%, 03/15/26^(b)(g)			756		761,670
7.50%, 03/15/26^(b)(g)			127		140,018
4.63%, 01/15/27^(b)(g)			972		1,019,283
5.88%, 02/15/28^(b)			377		406,602
4.88%, 02/15/30^(b)			275		293,917
BRF GmbH, 4.35%, 09/29/26			200		209,625
Cydsa SAB de CV, 6.25%, 10/04/27^(b)(g)			914		969,640
Health & Happiness H&H International Holdings Ltd., 5.63%, 10/24/24			200		208,313
Kraft Heinz Foods Co.
4.25%, 03/01/31^(g)			1,097		1,234,025
5.00%, 07/15/35			165		195,445
6.88%, 01/26/39			306		420,608
4.63%, 10/01/39			138		150,034
6.50%, 02/09/40			205		278,026
5.00%, 06/04/42			163		188,392
5.20%, 07/15/45			356		414,036
4.38%, 06/01/46			487		518,596
4.88%, 10/01/49^(g)			1,381		1,562,558
5.50%, 06/01/50^(g)			1,660		2,039,635
Lamb Weston Holdings, Inc., 4.88%, 05/15/28^(b)			560		620,032
Picard Groupe SAS, (3 mo. Euribor + 3.00%), 3.00%, 11/30/23^(a)	EUR		100		120,709
Post Holdings, Inc.^(b)
5.75%, 03/01/27	USD		120		125,850
5.63%, 01/15/28			86		91,214


Security		Par (000)		Value

Food & Staples Retailing (continued)
Post Holdings, Inc.^(b)(continued)
5.50%, 12/15/29	USD		152	$	165,105
4.63%, 04/15/30			427		442,573
U.S. Foods Inc., 4.75%, 02/15/29^(b)(i)			384		384,960
Walgreens Boots Alliance, Inc., 4.80%, 11/18/44^(g)			750		869,239


					13,845,611

Food Products — 0.8%
Aramark Services, Inc.
5.00%, 04/01/25^(b)			347		356,438
4.75%, 06/01/26			252		257,355
5.00%, 02/01/28^(b)(g)			828		863,273
Chobani LLC/Chobani Finance Corp., Inc.^(b)
7.50%, 04/15/25^(g)			656		677,320
4.63%, 11/15/28			311		317,220
JBS USA LUX SA/JBS USA Finance, Inc.^(b)
5.75%, 06/15/25^(g)			1,153		1,184,708
6.75%, 02/15/28			290		319,906
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29^(b)			565		642,456
MHP Lux SA, 6.25%, 09/19/29^(b)(g)			600		616,125
Simmons Foods, Inc., 7.75%, 01/15/24^(b)			279		290,509


					5,525,310

Health Care Equipment & Supplies^(b)— 0.5%
Avantor Funding, Inc., 4.63%, 07/15/28^(g)			1,279		1,343,641
Hologic, Inc.
4.63%, 02/01/28			179		189,740
3.25%, 02/15/29			190		193,087
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 7.25%, 02/01/28			1,262		1,350,340


					3,076,808

Health Care Providers & Services — 3.8%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29^(b)			223		234,708
AdaptHealth LLC, 6.13%, 08/01/28^(b)			194		208,550
AHP Health Partners, Inc., 9.75%, 07/15/26^(b)			681		745,695
Anthem, Inc., 2.75%, 10/15/42^(k)			134		556,408
CAB SELAS, 3.38%, 02/01/28⁽ⁱ⁾	EUR		100		121,355
Centene Corp.
5.38%, 06/01/26^(b)(g)	USD		401		419,426
5.38%, 08/15/26^(b)			299		313,576
4.25%, 12/15/27			623		659,062
4.63%, 12/15/29^(g)			1,899		2,105,431
3.00%, 10/15/30			373		390,139
CHS/Community Health Systems, Inc.^(b)
8.63%, 01/15/24^(g)			807		842,508
8.13%, 06/30/24			272		285,600
6.63%, 02/15/25^(g)			836		880,057
8.00%, 03/15/26^(g)			1,947		2,093,025
5.63%, 03/15/27^(g)			817		857,850
6.00%, 01/15/29^(g)			664		705,500
Encompass Health Corp.
4.75%, 02/01/30			216		232,327
4.63%, 04/01/31			133		141,313
HCA, Inc.
5.38%, 02/01/25^(g)			1,326		1,488,753
5.38%, 09/01/26^(g)			229		260,869
5.63%, 09/01/28^(g)			552		646,486
5.88%, 02/01/29			221		263,232
3.50%, 09/01/30^(g)			1,152		1,196,479
Legacy LifePoint Health LLC, 4.38%, 02/15/27^(b)			124		126,325


Security		Par (000)		Value

Health Care Providers & Services (continued)
LifePoint Health, Inc., 5.38%, 01/15/29^(b)	USD		447	$	450,353
ModivCare, Inc., 5.88%, 11/15/25^(b)			91		96,460
Molina Healthcare, Inc., 3.88%, 11/15/30^(b)			295		315,281
Northwell Healthcare, Inc., 4.26%, 11/01/47^(g)			686		823,002
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)			129		140,665
Surgery Center Holdings, Inc.^(b)
6.75%, 07/01/25^(g)			782		803,544
10.00%, 04/15/27			687		759,135
Teleflex, Inc.
4.88%, 06/01/26			284		293,940
4.63%, 11/15/27			72		76,131
4.25%, 06/01/28^(b)			325		341,591
Tenet Healthcare Corp.
4.63%, 07/15/24^(g)			254		258,521
4.63%, 09/01/24^(b)			433		444,366
7.50%, 04/01/25^(b)			166		179,357
4.88%, 01/01/26^(b)(g)			1,627		1,697,173
6.25%, 02/01/27^(b)(g)			215		226,482
5.13%, 11/01/27^(b)(g)			1,129		1,189,808
6.13%, 10/01/28^(b)			550		574,467
UnitedHealth Group, Inc., 4.38%, 03/15/42^(g)			750		946,268
Vizient, Inc., 6.25%, 05/15/27^(b)			483		513,187


					25,904,405

Health Care Technology — 0.7%
Catalent Pharma Solutions, Inc.
4.88%, 01/15/26^(b)			384		392,160
5.00%, 07/15/27^(b)			341		359,329
2.38%, 03/01/28	EUR		124		150,196
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(b)(g)	USD		810		830,817
Charles River Laboratories International, Inc., 5.50%, 04/01/26^(b)			291		303,731
IQVIA, Inc.
3.25%, 03/15/25	EUR		194		237,416
5.00%, 10/15/26^(b)	USD		548		569,235
5.00%, 05/15/27^(b)(g)			717		754,913
Mednax, Inc., 6.25%, 01/15/27^(b)			323		345,610
Syneos Health, Inc., 3.63%, 01/15/29^(b)(g)			600		599,820
Synlab Bondco PLC, (3 mo. Euribor + 4.75%), 4.75%, 07/01/25^(a)	EUR		100		123,175


					4,666,402

Hotels, Restaurants & Leisure — 3.1%
1011778 BC ULC/New Red Finance, Inc.^(b)
4.25%, 05/15/24^(g)	USD		14		14,246
3.88%, 01/15/28			463		469,852
4.38%, 01/15/28			371		378,420
Boyd Gaming Corp.
8.63%, 06/01/25^(b)			124		137,020
6.38%, 04/01/26			66		68,433
6.00%, 08/15/26			133		137,507
Boyne USA, Inc., 7.25%, 05/01/25^(b)			230		239,775
Caesars Entertainment, Inc.^(b)(g)
6.25%, 07/01/25			1,961		2,066,727
8.13%, 07/01/27			1,782		1,955,745
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(b)			623		647,341
Champion Path Holdings Ltd. 4.50%, 01/27/26			250		255,938


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Champion Path Holdings Ltd. (continued) 4.85%, 01/27/28	USD		200	$	204,000
Churchill Downs, Inc.^(b)
5.50%, 04/01/27^(g)			965		1,009,631
4.75%, 01/15/28			321		333,840
Cirsa Finance International Sarl, 4.75%, 05/22/25	EUR		100		115,861
Fortune Star BVI Ltd.
5.95%, 01/29/23	USD		200		205,938
6.75%, 07/02/23			250		263,516
6.85%, 07/02/24			362		383,154
5.95%, 10/19/25			400		419,375
5.05%, 01/27/27			200		200,438
Gamma Bidco SpA, 6.25%, 07/15/25	EUR		100		125,602
Golden Nugget, Inc., 6.75%, 10/15/24^(b)(g)	USD		1,273		1,275,928
Hilton Domestic Operating Co., Inc.
5.13%, 05/01/26^(g)			614		636,534
4.88%, 01/15/30^(g)			1,033		1,113,497
4.00%, 05/01/31^(b)			510		523,987
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27			246		257,248
InterContinental Hotels Group PLC, 3.38%, 10/08/28	GBP		100		146,708
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.25%, 06/01/26^(b)(g)	USD		406		420,717
Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26			48		49,928
Melco Resorts Finance Ltd., 5.25%, 04/26/26			250		258,750
MGM China Holdings Ltd., 5.88%, 05/15/26			250		261,797
MGM Resorts International
7.75%, 03/15/22^(g)			438		464,827
6.00%, 03/15/23			494		527,345
5.75%, 06/15/25			35		38,301
Powdr Corp., 6.00%, 08/01/25^(b)			274		287,015
Scientific Games International, Inc.
5.00%, 10/15/25^(b)(g)			461		474,867
3.38%, 02/15/26	EUR		300		361,334
8.25%, 03/15/26^(b)(g)	USD		692		731,710
7.00%, 05/15/28^(b)			190		201,400
7.25%, 11/15/29^(b)			213		229,508
Stonegate Pub Co. Financing PLC, 8.25%, 07/31/25	GBP		100		140,920
Studio City Finance Ltd., 7.25%, 02/11/24	USD		250		259,375
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(b)			204		206,040
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)			268		271,914
Wynn Macau Ltd.
5.50%, 01/15/26			200		205,690
5.50%, 10/01/27			200		206,000
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/29^(b)(g)			1,222		1,245,194
Yum! Brands, Inc.
3.88%, 11/01/23			110		115,225
7.75%, 04/01/25^(b)			338		370,992
4.75%, 01/15/30^(b)			260		278,850
3.63%, 03/15/31			123		120,540
5.35%, 11/01/43			85		94,707


					21,409,207

Household Durables — 0.6%
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp.^(b)
6.25%, 09/15/27			255		269,025
4.88%, 02/15/30			539		552,809


Security		Par (000)		Value

Household Durables (continued)
Controladora Mabe SA de CV, 5.60%, 10/23/28^(b)	USD		624	$	740,220
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(b)			398		417,900
Lennar Corp., 4.75%, 05/30/25			7		7,984
Mattamy Group Corp., 4.63%, 03/01/30^(b)			306		317,475
MDC Holdings, Inc., 6.00%, 01/15/43			246		333,330
Meritage Homes Corp., 5.13%, 06/06/27			57		64,040
NCR Corp.^(b)
5.75%, 09/01/27			259		271,534
5.00%, 10/01/28			143		146,932
6.13%, 09/01/29			93		100,252
5.25%, 10/01/30			145		151,525
Taylor Morrison Communities, Inc.^(b)
5.88%, 06/15/27			287		324,230
5.13%, 08/01/30			198		217,112
Tempur Sealy International, Inc., 5.50%, 06/15/26^(g)			191		197,924


					4,112,292

Household Products^(b)— 0.0%
ACCO Brands Corp., 5.25%, 12/15/24			102		104,805
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., 5.00%, 12/31/26			94		95,880


					200,685

Independent Power and Renewable Electricity Producers — 1.2%
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy, 6.25%, 12/10/24			200		222,025
Azure Power Solar Energy Pvt Ltd., 5.65%, 12/24/24			200		211,937
Calpine Corp.^(b)
5.25%, 06/01/26^(g)			439		452,864
4.50%, 02/15/28^(g)			709		728,285
5.13%, 03/15/28^(g)			1,554		1,608,390
4.63%, 02/01/29			346		349,460
5.00%, 02/01/31			438		450,045
3.75%, 03/01/31			312		303,420
Clearway Energy Operating LLC
5.75%, 10/15/25			242		253,578
4.75%, 03/15/28^(b)			55		59,200
ENN Clean Energy International Investment Ltd., 7.50%, 02/27/21			200		200,188
Greenko Dutch BV, 5.25%, 07/24/24			200		207,650
Greenko Mauritius Ltd., 6.25%, 02/21/23			200		206,500
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26			200		215,062
India Green Energy Holdings
5.38%, 04/29/24^(b)			325		340,437
5.38%, 04/29/24			250		261,875
NRG Energy, Inc.
6.63%, 01/15/27^(g)			989		1,039,073
5.25%, 06/15/29^(b)(g)			347		381,700
3.63%, 02/15/31^(b)			411		427,440
ReNew Power Pvt Ltd., 5.88%, 03/05/27			200		212,500
ReNew Power Synthetic, 6.67%, 03/12/24			200		210,750
TerraForm Power Operating LLC, 4.75%, 01/15/30^(b)			179		191,978


					8,534,357

Insurance — 1.9%
Acrisure LLC/Acrisure Finance, Inc., 8.13%, 02/15/24^(b)			93		97,148
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)(g)
4.25%, 10/15/27			1,472		1,485,093
6.75%, 10/15/27			1,994		2,108,655
Allstate Corp., Series B, (3 mo. LIBOR US + 2.94%), 5.75%, 08/15/53^(a)(g)			2,000		2,159,175


Security		Par (000)		Value

Insurance (continued)
AmWINS Group, Inc., 7.75%, 07/01/26^(b)	USD		361	$	386,949
Aon PLC, 3.88%, 12/15/25^(g)			1,280		1,448,943
Asahi Mutual Life Insurance Co., (5 year USD Swap + 4.59%), 6.50%^(a)(j)			310		334,211
AssuredPartners, Inc., 5.63%, 01/15/29^(b)			345		350,175
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)			374		402,985
HUB International Ltd., 7.00%, 05/01/26^(b)(g)			1,404		1,456,650
Nationwide Building Society, (5 year USD ICE Swap + 1.85%), 4.13%, 10/18/32^(a)(b)(g)			690		767,951
Teachers Insurance & Annuity Association of America, 4.27%, 05/15/47^(b)(g)			700		853,906
Unipol Gruppo SpA, 3.25%, 09/23/30	EUR		100		128,119
Voya Financial, Inc., (3 mo. LIBOR US + 3.58%), 5.65%, 05/15/53^(a)(g)	USD		1,090		1,155,400


					13,135,360

Interactive Media & Services — 0.7%
21Vianet Group, Inc., 7.88%, 10/15/21			400		406,875
Adevinta ASA, 2.63%, 11/15/25	EUR		100		123,721
Arches Buyer, Inc., 4.25%, 06/01/28^(b)	USD		143		142,821
Cablevision Lightpath LLC^(b)
3.88%, 09/15/27			218		219,112
5.63%, 09/15/28			401		411,025
Netflix, Inc.
4.88%, 04/15/28			89		104,181
5.88%, 11/15/28^(g)			877		1,100,635
6.38%, 05/15/29			43		55,694
5.38%, 11/15/29^(b)(g)			743		928,750
3.63%, 06/15/30	EUR		100		146,991
4.88%, 06/15/30^(b)(g)	USD		469		569,835
Twitter, Inc., 3.88%, 12/15/27^(b)			178		187,338
United Group BV
4.88%, 07/01/24	EUR		100		123,782
4.00%, 11/15/27			100		120,219


					4,640,979

Internet Software & Services^(b)— 0.7%
ANGI Group LLC, 3.88%, 08/15/28	USD		340		338,725
Booking Holdings, Inc., 0.75%, 05/01/25^(k)			452		614,429
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 5.25%, 12/01/27			359		378,219
Match Group Holdings II LLC
5.63%, 02/15/29			209		226,765
4.13%, 08/01/30			302		311,573
Uber Technologies, Inc.
7.50%, 05/15/25			212		227,099
8.00%, 11/01/26^(g)			843		909,702
7.50%, 09/15/27^(g)			1,072		1,175,191
6.25%, 01/15/28			260		279,500


					4,461,203

IT Services — 1.2%
Austin BidCo, Inc., 7.13%, 12/15/28^(b)			93		96,371
Banff Merger Sub, Inc., 9.75%, 09/01/26^(b)(g)			2,024		2,141,635
Booz Allen Hamilton, Inc., 3.88%, 09/01/28^(b)			468		481,956
Camelot Finance SA, 4.50%, 11/01/26^(b)(g)			599		622,960
Castle U.S. Holding Corp., 9.50%, 02/15/28^(b)			390		400,378
Centurion Bidco SpA, 5.88%, 09/30/26	EUR		100		125,445
Dun & Bradstreet Corp.^(b)
6.88%, 08/15/26^(g)	USD		555		593,850
10.25%, 02/15/27			388		433,590
Fair Isaac Corp., 4.00%, 06/15/28^(b)			207		213,458
Gartner, Inc., 3.75%, 10/01/30^(b)			381		391,710


Security		Par (000)		Value

IT Services (continued)
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)	USD		396	$	415,946
Rackspace Technology Global, Inc., 5.38%, 12/01/28^(b)			562		585,885
Science Applications International Corp., 4.88%, 04/01/28^(b)			332		349,430
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(b)(g)			1,198		1,232,263
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)(i)			251		253,510


					8,338,387

Leisure Products — 0.2%
Mattel, Inc.
6.75%, 12/31/25^(b)(g)			812		852,844
5.88%, 12/15/27^(b)			358		394,777
6.20%, 10/01/40			167		195,390
5.45%, 11/01/41			215		237,575


					1,680,586

Machinery — 0.8%
ATS Automation Tooling Systems, Inc., 4.13%, 12/15/28^(b)			139		140,738
Colfax Corp.^(b)
6.00%, 02/15/24			334		344,855
6.38%, 02/15/26			193		206,792
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(b)(h)			587		633,960
Mueller Water Products, Inc., 5.50%, 06/15/26^(b)			345		357,075
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(b)(g)			607		620,196
Rebecca Bidco GmbH, 5.75%, 07/15/25	EUR		100		127,301
Stevens Holding Co., Inc., 6.13%, 10/01/26^(b)	USD		197		214,651
Terex Corp., 5.63%, 02/01/25^(b)(g)			264		270,270
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26^(b)(g)			1,065		1,083,126
Vertical Holdco GmbH, 7.63%, 07/15/28^(b)			616		664,510
Vertical Midco GmbH, 4.38%, 07/15/27	EUR		100		126,937
Vertical US Newco, Inc., 5.25%, 07/15/27^(b)	USD		908		948,620


					5,739,031

Media — 8.3%
Altice Financing SA
7.50%, 05/15/26^(b)(g)			1,049		1,100,139
3.00%, 01/15/28	EUR		100		115,457
5.00%, 01/15/28^(b)	USD		462		473,550
Altice France Holding SA^(b)
10.50%, 05/15/27^(g)			2,241		2,512,721
6.00%, 02/15/28			497		500,727
AMC Networks, Inc.
5.00%, 04/01/24			16		16,254
4.75%, 08/01/25			331		340,930
4.25%, 02/15/29⁽ⁱ⁾			157		156,295
Block Communications, Inc., 4.88%, 03/01/28^(b)			168		173,670
Cable Onda SA, 4.50%, 01/30/30			450		486,000
Cable One, Inc., 4.00%, 11/15/30^(b)			272		279,067
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)
5.13%, 05/01/27^(g)			861		905,307
5.88%, 05/01/27			54		56,120
5.00%, 02/01/28^(g)			116		121,858
5.38%, 06/01/29^(g)			1,259		1,365,776
4.75%, 03/01/30			169		179,769
4.50%, 08/15/30^(g)			1,707		1,797,676
4.25%, 02/01/31^(g)			1,139		1,167,133
4.50%, 05/01/32^(g)			1,570		1,633,145


Security		Par (000)		Value

Media (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital, 6.48%, 10/23/45^(g)	USD		3,000	$	4,100,523
Clear Channel International BV, 6.63%, 08/01/25^(b)			507		533,617
Clear Channel Worldwide Holdings, Inc.^(g)
9.25%, 02/15/24			775		806,163
5.13%, 08/15/27^(b)			2,277		2,325,386
Comcast Corp., 4.60%, 08/15/45^(g)			1,750		2,268,915
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26^(b)(g)			2,548		2,722,028
CSC Holdings LLC
5.25%, 06/01/24			633		681,266
6.50%, 02/01/29^(b)			368		409,512
5.75%, 01/15/30^(b)			855		917,795
4.63%, 12/01/30^(b)(g)			1,726		1,760,520
3.38%, 02/15/31^(b)			404		394,243
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/26^(b)(g)			710		573,325
Discovery Communications LLC, 4.95%, 05/15/42^(g)			400		483,480
DISH DBS Corp.^(g)
6.75%, 06/01/21			397		403,074
5.88%, 07/15/22			1,207		1,255,280
5.00%, 03/15/23			303		312,105
7.75%, 07/01/26			1,391		1,509,131
DISH Network Corp.^(k)
2.38%, 03/15/24			328		299,529
3.38%, 08/15/26			498		459,202
Entercom Media Corp., 6.50%, 05/01/27^(b)			338		346,450
GCI LLC, 4.75%, 10/15/28^(b)			115		119,852
Hughes Satellite Systems Corp., 5.25%, 08/01/26^(g)			217		240,610
iHeartCommunications, Inc.
6.38%, 05/01/26			192		204,342
5.25%, 08/15/27^(b)			213		220,872
4.75%, 01/15/28^(b)			96		98,040
Lamar Media Corp., 4.00%, 02/15/30			163		167,075
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)			400		430,092
Liberty Broadband Corp.^(b)(k)
1.25%, 09/30/50			642		640,074
2.75%, 09/30/50			1,054		1,084,349
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(h)			419		421,221
Lions Gate Capital Holdings LLC^(b)
6.38%, 02/01/24			30		30,675
5.88%, 11/01/24			203		207,188
Live Nation Entertainment, Inc.^(b)
4.88%, 11/01/24			40		40,200
6.50%, 05/15/27^(g)			1,411		1,567,494
4.75%, 10/15/27			331		331,827
3.75%, 01/15/28			245		247,195
Lorca Telecom Bondco SAU, 4.00%, 09/18/27	EUR		100		127,775
Meredith Corp., 6.88%, 02/01/26	USD		68		68,758
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(b)			209		218,405
Network i2i Ltd., (5 year CMT + 4.27%), 5.65%^(a)(j)			250		264,453
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27			456		470,045
4.25%, 01/15/29			154		152,845


Security		Par (000)		Value

Media (continued)
Pinewood Finance Co. Ltd., 3.25%, 09/30/25	GBP		100	$	139,790
Qualitytech LP/QTS Finance Corp., 3.88%, 10/01/28^(b)	USD		384		391,757
Radiate Holdco LLC/Radiate Finance, Inc.^(b)(g)
4.50%, 09/15/26			828		842,796
6.50%, 09/15/28			2,133		2,244,982
Sable International Finance Ltd.
5.75%, 09/07/27			527		559,279
5.75%, 09/07/27^(b)			200		212,000
Scripps Escrow II, Inc.^(b)
3.88%, 01/15/29			221		221,000
5.38%, 01/15/31			220		222,200
SES SA, (5 year EUR Swap + 5.40%), 5.63%^(a)(j)	EUR		100		132,888
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)	USD		530		528,012
Sirius XM Radio, Inc.^(b)
4.63%, 07/15/24			7		7,238
5.50%, 07/01/29			563		612,614
4.13%, 07/01/30^(g)			602		620,295
Summer BC Holdco B Sarl, 5.75%, 10/31/26	EUR		100		126,513
TEGNA, Inc., 5.50%, 09/15/24^(b)	USD		33		33,578
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(b)			600		634,800
Telesat Canada/Telesat LLC^(b)
4.88%, 06/01/27			419		435,718
6.50%, 10/15/27			40		42,363
Terrier Media Buyer, Inc., 8.88%, 12/15/27^(b)			1,056		1,141,800
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 02/15/29^(b)(i)			650		650,000
Univision Communications, Inc., 5.13%, 02/15/25^(b)			110		110,597
ViacomCBS, Inc., 5.85%, 09/01/43^(g)			645		876,631
Videotron Ltd., 5.13%, 04/15/27^(b)(g)			345		364,796
Virgin Media Secured Finance PLC^(b)
5.50%, 05/15/29			400		429,244
4.50%, 08/15/30^(g)			599		620,264
WMG Acquisition Corp., 5.50%, 04/15/26^(b)			197		202,418
Ziggo Bond Co. BV^(b)
6.00%, 01/15/27^(g)			638		668,305
5.13%, 02/28/30			295		307,658
Ziggo BV^(b)
5.50%, 01/15/27^(g)			463		482,634
4.88%, 01/15/30			217		227,439


					57,386,134

Metals & Mining — 2.4%
ABJA Investment Co. Pte Ltd., 5.95%, 07/31/24			450		482,203
Allegheny Technologies, Inc., 7.88%, 08/15/23			151		165,184
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30			200		214,000
Arconic Corp.^(b)
6.00%, 05/15/25			361		388,221
6.13%, 02/15/28			289		309,931
BHP Billiton Finance USA Ltd., 4.13%, 02/24/42^(g)			250		310,840
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)(g)			1,451		1,558,352
Commercial Metals Co., 3.88%, 02/15/31⁽ⁱ⁾			105		107,494
Constellium SE^(b)
5.75%, 05/15/24			256		259,840
6.63%, 03/01/25^(g)			300		305,009
5.88%, 02/15/26^(g)			1,443		1,483,548
Freeport-McMoRan, Inc. 4.38%, 08/01/28			572		606,134


Security		Par (000)		Value

Metals & Mining (continued)
Freeport-McMoRan, Inc. (continued)
4.63%, 08/01/30	USD		511	$	567,351
5.40%, 11/14/34			184		228,620
5.45%, 03/15/43			1,579		1,973,750
Gold Fields Orogen Holdings BVI Ltd., 5.13%, 05/15/24^(b)			254		277,889
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(b)(g)			362		369,240
HTA Group Ltd., 7.00%, 12/18/25^(b)			410		436,522
JSW Steel Ltd., 5.95%, 04/18/24			200		212,225
Kaiser Aluminum Corp., 4.63%, 03/01/28^(b)			115		118,625
New Gold, Inc., 7.50%, 07/15/27^(b)(g)			900		972,189
Nexa Resources SA, 5.38%, 05/04/27^(b)(g)			857		938,415
Novelis Corp.^(b)
5.88%, 09/30/26			577		604,408
4.75%, 01/30/30			1,077		1,130,850
Periama Holdings LLC, 5.95%, 04/19/26			276		292,560
Rio Tinto Finance USA PLC, 4.75%, 03/22/42^(g)			400		540,854
thyssenkrupp AG
1.88%, 03/06/23	EUR		43		52,028
2.88%, 02/22/24			100		122,442
Usiminas International Sarl, 5.88%, 07/18/26^(b)	USD		200		213,650
Vale Overseas Ltd.
6.25%, 08/10/26^(g)			425		521,023
3.75%, 07/08/30			295		322,479
Vedanta Resources Finance II PLC
8.00%, 04/23/23			313		270,843
13.88%, 01/21/24			200		214,450


					16,571,169

Multi-line Retail — 0.1%
Dufry One BV, 2.00%, 02/15/27	EUR		100		111,422
Future Retail Ltd., 5.40%, 01/22/25	USD		200		171,562
Marks & Spencer PLC, 4.50%, 07/10/27	GBP		100		142,903


					425,887

Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26^(b)	USD		225		233,016


Oil, Gas & Consumable Fuels — 10.3%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)(i)			619		632,927
Antero Midstream Partners LP/Antero Midstream Finance Corp., 7.88%, 05/15/26^(b)			152		162,659
Apache Corp.
4.88%, 11/15/27			274		281,535
5.10%, 09/01/40			598		605,511
5.25%, 02/01/42			114		114,000
4.75%, 04/15/43^(g)			818		777,100
Ascent Resources Utica LLC, 9.00%, 11/01/27^(b)			510		585,978
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34^(l)			358		276,600
Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, 12/15/25^(b)			218		230,672
Brand Industrial Services, Inc., 8.50%, 07/15/25^(b)(g)			514		518,497
Buckeye Partners LP
4.13%, 03/01/25^(b)			345		349,744
4.50%, 03/01/28^(b)			476		491,670
5.85%, 11/15/43			182		181,545
5.60%, 10/15/44			232		223,880
Cellnex Telecom SA, Series CLNX, 0.75%, 11/20/31^(k)	EUR		100		116,892


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Cenovus Energy, Inc., 5.40%, 06/15/47^(g)	USD		104	$	121,773
Centennial Resource Production LLC, 6.88%, 04/01/27^(b)			342		297,044
Cheniere Energy Partners LP
5.63%, 10/01/26			323		336,033
4.50%, 10/01/29			655		704,125
5.25%, 10/01/25			57		58,496
Cheniere Energy, Inc., 4.63%, 10/15/28^(b)			1,759		1,840,354
Citgo Holding, Inc., 9.25%, 08/01/24^(b)			407		390,720
CNX Resources Corp.^(b)
7.25%, 03/14/27			315		338,719
6.00%, 01/15/29			403		416,480
Colgate Energy Partners III LLC, 7.75%, 02/15/26^(b)			127		121,285
Comstock Resources, Inc.
7.50%, 05/15/25^(b)			341		348,672
9.75%, 08/15/26			775		824,889
Continental Resources, Inc., 5.75%, 01/15/31^(b)			320		346,400
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.25%, 04/01/23			18		18,092
5.63%, 05/01/27^(b)(g)			323		310,967
6.00%, 02/01/29^(b)			269		259,137
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(b)(g)			2,015		2,005,217
CVR Energy, Inc.^(b)
5.25%, 02/15/25			180		176,346
5.75%, 02/15/28			94		92,266
DCP Midstream Operating LP^(g)
5.38%, 07/15/25			262		280,340
5.13%, 05/15/29			186		202,295
6.45%, 11/03/36^(b)			254		282,575
6.75%, 09/15/37^(b)			418		463,980
Double Eagle III Midco 1 LLC/Double Eagle Finance Corp., 7.75%, 12/15/25^(b)			573		593,055
eG Global Finance PLC
6.75%, 02/07/25^(b)			252		259,560
6.25%, 10/30/25	EUR		142		176,512
8.50%, 10/30/25^(b)	USD		299		317,687
Enbridge, Inc.^(a) (3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78			1,865		2,022,068
Series 20-A, (5 year CMT + 5.31%), 5.75%, 07/15/80			690		763,012
Endeavor Energy Resources LP/EER Finance, Inc.^(b)
6.63%, 07/15/25			32		34,180
5.50%, 01/30/26^(g)			728		753,480
5.75%, 01/30/28			567		601,020
Energy Transfer Operating LP
6.13%, 12/15/45^(g)			874		982,136
5.30%, 04/15/47^(g)			350		367,821
5.00%, 05/15/50			44		45,573
EnLink Midstream LLC
5.63%, 01/15/28^(b)			226		225,576
5.38%, 06/01/29			98		93,590
EnLink Midstream Partners LP
4.40%, 04/01/24			281		278,190
4.15%, 06/01/25			20		19,450
4.85%, 07/15/26			160		155,366
5.60%, 04/01/44			247		198,217
5.05%, 04/01/45			69		55,186


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Enterprise Products Operating LLC, (3 mo. LIBOR US + 2.57%), 5.38%, 02/15/78^(a)	USD		420	$	416,930
EQM Midstream Partners LP
4.13%, 12/01/26			131		126,874
4.50%, 01/15/29^(b)			312		301,149
4.75%, 01/15/31^(b)			707		682,524
EQT Corp.
3.90%, 10/01/27			86		89,333
8.75%, 02/01/30			24		30,605
Genesis Energy LP/Genesis Energy Finance Corp.
5.63%, 06/15/24			204		191,760
6.50%, 10/01/25^(g)			53		49,041
7.75%, 02/01/28			144		133,560
Geopark Ltd., 6.50%, 09/21/24^(b)			228		236,122
GMR Hyderabad International Airport Ltd., 4.25%, 10/27/27			200		192,688
Great Western Petroleum LLC/Great Western Finance Corp., 9.00%, 09/30/21^(b)(g)			636		402,270
Harvest Midstream I LP, 7.50%, 09/01/28^(b)			450		472,612
Hess Corp., 4.30%, 04/01/27^(g)			750		831,609
Hess Midstream Operations LP, 5.63%, 02/15/26^(b)			249		258,441
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)
5.75%, 02/01/29			394		400,627
6.00%, 02/01/31			187		189,805
Hilong Holding Ltd., 8.16%, 09/26/22^(e)(f)			200		151,938
HPCL-Mittal Energy Ltd., 5.45%, 10/22/26			200		209,312
Impulsora Pipeline LLC, 6.05%, 01/01/43^(c)			1,627		1,693,881
Indigo Natural Resources LLC^(b)
6.88%, 02/15/26^(g)			852		882,842
5.38%, 02/01/29⁽ⁱ⁾			552		545,100
Kinder Morgan Energy Partners LP, 4.25%, 09/01/24^(g)			2,500		2,778,813
Leviathan Bond Ltd., 5.75%, 06/30/23^(b)			546		580,637
Matador Resources Co., 5.88%, 09/15/26			1,109		1,059,095
Medco Bell Pte Ltd., 6.38%, 01/30/27			250		253,437
MEG Energy Corp.^(b)
7.00%, 03/31/24			58		58,795
6.50%, 01/15/25^(g)			1,278		1,316,468
7.13%, 02/01/27			134		138,355
5.88%, 02/01/29⁽ⁱ⁾			306		303,705
MPLX LP, 4.25%, 12/01/27			235		270,092
Murphy Oil Corp.
5.75%, 08/15/25			27		25,959
6.38%, 12/01/42			35		30,625
Murphy Oil USA, Inc., 4.75%, 09/15/29			171		183,013
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(b)			200		195,500
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26^(b)			88		90,640
New Fortress Energy, Inc., 6.75%, 09/15/25^(b)(g)			1,479		1,529,833
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(b)(i)			461		467,339
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)(g)			270		365,300
NuStar Logistics LP
6.00%, 06/01/26			234		248,625
6.38%, 10/01/30			30		33,038
Occidental Petroleum Corp.
2.70%, 08/15/22			421		422,141
2.70%, 02/15/23			176		173,875
6.95%, 07/01/24			81		87,885
2.90%, 08/15/24			261		252,517


Security		Par (000)			Value

Oil, Gas & Consumable Fuels (continued)
Occidental Petroleum Corp. (continued)
5.50%, 12/01/25	USD		178		$	186,900
3.40%, 04/15/26			87			84,036
8.88%, 07/15/30			49			61,532
6.13%, 01/01/31			743			808,254
6.20%, 03/15/40			816			848,640
4.50%, 07/15/44			2,262			1,956,630
4.63%, 06/15/45			43			37,491
4.10%, 02/15/47			490			406,700
Odebrecht Offshore Drilling Finance Ltd., (7.72% PIK), 7.72%, 12/01/26^(b)(h)			—	^(d)		83
Oil and Gas Holding Co. BSCC (The), 7.63%, 11/07/24⁽ⁱ⁾			273			303,539
Ovintiv Exploration, Inc., 5.75%, 01/30/22			115			119,313
Parsley Energy LLC/Parsley Finance Corp.^(b)
5.63%, 10/15/27			340			371,875
4.13%, 02/15/28			368			391,000
PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 05/15/25^(b)			611			589,401
PDC Energy, Inc.
1.13%, 09/15/21^(k)			1,091			1,064,089
6.13%, 09/15/24			177			180,575
6.25%, 12/01/25			144			143,280
5.75%, 05/15/26			292			297,469
Pertamina Persero PT, 3.65%, 07/30/29			446			490,739
Petrobras Global Finance BV
5.30%, 01/27/25			200			227,400
8.75%, 05/23/26^(g)			637			838,451
6.00%, 01/27/28^(g)			152			177,650
5.60%, 01/03/31			674			748,814
Petroleos Mexicanos
6.35%, 02/12/48			273			228,296
6.95%, 01/28/60^(g)			839			729,846
Pioneer Natural Resources Co., 0.25%, 05/15/25^(b)(k)			667			919,869
Puma International Financing SA, 5.13%, 10/06/24^(b)			483			478,019
QEP Resources, Inc.
5.38%, 10/01/22			233			241,737
5.25%, 05/01/23			265			278,912
5.63%, 03/01/26			124			138,272
Range Resources Corp, 9.25%, 02/01/26			45			49,041
Range Resources Corp.
5.88%, 07/01/22			57			57,570
5.00%, 08/15/22^(g)			312			313,560
5.00%, 03/15/23			145			145,410
4.88%, 05/15/25			18			17,616
8.25%, 01/15/29^(b)			133			139,650
Rattler Midstream LP, 5.63%, 07/15/25^(b)			316			331,010
Saudi Arabian Oil Co., 2.25%, 11/24/30^(b)(g)			745			745,000
Shell International Finance BV, 4.38%, 05/11/45^(g)			450			562,014
SM Energy Co.
6.13%, 11/15/22			24			23,280
5.00%, 01/15/24			17			15,768
10.00%, 01/15/25^(b)			1,129			1,251,779
Southwestern Energy Co.
4.10%, 03/15/22			272			272,000
7.50%, 04/01/26			70			73,136
8.38%, 09/15/28			271			289,998
Stoneway Capital Corp.^(e)(f)
10.00%, 03/01/27^(b)			940			357,637
10.00%, 03/01/27			333			126,740


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Suncor Energy, Inc., 6.50%, 06/15/38^(g)	USD		800	$	1,100,079
Sunoco Logistics Partners Operations LP
5.30%, 04/01/44			895		945,801
5.40%, 10/01/47			212		225,539
Sunoco LP/Sunoco Finance Corp.
5.50%, 02/15/26			38		39,052
6.00%, 04/15/27			75		79,406
5.88%, 03/15/28			147		155,820
4.50%, 05/15/29^(b)			228		233,040
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 5.50%, 09/15/24^(b)(g)			378		384,815
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.13%, 02/01/25			156		160,228
5.88%, 04/15/26^(g)			312		326,823
5.38%, 02/01/27			2		2,067
6.50%, 07/15/27			258		277,350
5.00%, 01/15/28^(g)			404		417,130
6.88%, 01/15/29^(g)			768		847,680
5.50%, 03/01/30			443		470,962
4.88%, 02/01/31^(b)			257		268,179
Transocean, Inc., 11.50%, 01/30/27^(b)			195		150,638
Viper Energy Partners LP, 5.38%, 11/01/27^(b)			142		149,100
Vivo Energy Investments BV, 5.13%, 09/24/27^(b)			549		581,082
Western Midstream Operating LP
5.50%, 08/15/48			82		81,180
6.50%, 02/01/50			959		1,078,875
Williams Cos, Inc., 4.50%, 11/15/23^(g)			1,750		1,921,443


					71,098,114

Personal Products — 0.0%
Coty, Inc., 4.00%, 04/15/23	EUR		100		113,489


Pharmaceuticals — 1.8%
AbbVie, Inc.
4.75%, 03/15/45	USD		500		635,034
4.45%, 05/14/46^(g)			1,000		1,226,213
Bausch Health Americas, Inc.^(b)
9.25%, 04/01/26			61		67,704
8.50%, 01/31/27^(g)			853		944,697
Bausch Health Cos., Inc.^(b)
9.00%, 12/15/25			351		385,293
5.75%, 08/15/27			423		455,254
7.00%, 01/15/28			193		208,865
5.00%, 01/30/28			223		229,757
5.00%, 02/15/29			678		694,038
7.25%, 05/30/29^(g)			664		739,530
5.25%, 01/30/30^(g)			790		815,722
5.25%, 02/15/31			378		388,763
CVS Health Corp., 5.05%, 03/25/48^(g)			1,110		1,453,253
Elanco Animal Health, Inc., 5.90%, 08/28/28			316		377,462
Endo Dac/Endo Finance LLC/Endo Finco, Inc.^(b)
9.50%, 07/31/27			844		964,270
6.00%, 06/30/28			200		167,570
Nidda BondCo GmbH, 7.25%, 09/30/25	EUR		100		126,059
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24			100		121,512
Par Pharmaceutical, Inc., 7.50%, 04/01/27^(b)(g)	USD		1,044		1,125,766
Rossini Sarl, 6.75%, 10/30/25	EUR		166		214,352
Utah Acquisition Sub, Inc., 3.95%, 06/15/26^(g)	USD		650		739,495


					12,080,609


Security		Par (000)		Value

Real Estate Management & Development — 4.3%
ADLER Group SA, 2.75%, 11/13/26	EUR		100	$	121,983
ADLER Real Estate AG, 3.00%, 04/27/26			100		125,536
Agile Group Holdings Ltd.
5.75%, 01/02/25	USD		224		230,090
6.05%, 10/13/25			200		206,750
(5 year CMT + 11.08%), 7.75%^(a)(j)			405		416,644
(5 year CMT + 11.29%), 7.88%^(a)(j)			200		208,750
Central China Real Estate Ltd.
6.88%, 08/08/22			200		201,500
7.65%, 08/27/23			245		246,225
CFLD Cayman Investment Ltd.
8.63%, 02/28/21			200		95,688
6.90%, 01/13/23			400		149,625
8.60%, 04/08/24			200		72,250
China Aoyuan Group Ltd.
7.50%, 05/10/21			200		201,506
5.38%, 09/13/22			200		202,976
7.95%, 02/19/23			450		473,625
6.35%, 02/08/24			435		450,633
5.98%, 08/18/25			200		203,938
China Evergrande Group
8.25%, 03/23/22			200		190,813
9.50%, 04/11/22			200		191,250
11.50%, 01/22/23			450		428,062
12.00%, 01/22/24			250		235,859
China SCE Group Holdings Ltd.
7.25%, 04/19/23			200		207,812
7.38%, 04/09/24			650		682,906
7.00%, 05/02/25			200		208,500
CIFI Holdings Group Co. Ltd.
6.55%, 03/28/24			200		212,562
6.45%, 11/07/24			200		213,700
6.00%, 07/16/25			400		425,000
5.95%, 10/20/25			200		214,375
5.25%, 05/13/26			215		224,176
Consus Real Estate AG, 9.63%, 05/15/24	EUR		100		129,728
Country Garden Holdings Co. Ltd.
6.50%, 04/08/24	USD		200		214,937
6.15%, 09/17/25			200		222,500
5.13%, 01/14/27			200		215,375
Easy Tactic Ltd.
9.13%, 07/28/22			400		393,125
5.88%, 02/13/23			200		182,374
8.13%, 02/27/23			200		188,625
8.63%, 02/27/24			200		184,500
Fantasia Holdings Group Co. Ltd.
8.38%, 03/08/21			200		199,938
11.75%, 04/17/22			200		207,063
12.25%, 10/18/22			200		209,187
11.88%, 06/01/23			200		207,563
9.25%, 07/28/23			400		392,375
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(b)(g)			265		279,711
Global Prime Capital Pte Ltd., 5.50%, 10/18/23			200		202,813
Greenland Global Investment Ltd.
5.60%, 11/13/22			400		366,375
6.25%, 12/16/22			200		189,000
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(b)			120		123,600
Heimstaden Bostad AB^(a)(j)
(5 year EUR Swap + 3.15%), 2.63%⁽ⁱ⁾	EUR		100		118,836


Security		Par (000)		Value

Real Estate Management & Development (continued)
Heimstaden Bostad AB^(a)(j)(continued)
(5 year EUR Swap + 3.67%), 3.25%	EUR		100	$	124,217
Hopson Development Holdings Ltd., 7.50%, 06/27/22	USD		400		407,625
Howard Hughes Corp^(b)(i)
4.13%, 02/01/29			308		306,648
4.38%, 02/01/31			339		338,291
Howard Hughes Corp.^(b)
5.38%, 03/15/25^(g)			218		224,760
5.38%, 08/01/28			443		467,365
Kaisa Group Holdings Ltd.
11.95%, 10/22/22			200		210,250
11.50%, 01/30/23			400		414,000
10.88%, 07/23/23			400		410,625
9.75%, 09/28/23			248		248,077
11.95%, 11/12/23			200		209,250
9.38%, 06/30/24			400		379,800
KWG Group Holdings Ltd.
7.88%, 08/09/21			200		204,000
7.88%, 09/01/23			200		207,438
7.40%, 03/05/24			400		424,500
Logan Group Co. Ltd.
6.50%, 07/16/23			200		206,438
6.90%, 06/09/24			200		212,937
5.75%, 01/14/25			200		209,562
5.25%, 10/19/25			200		207,500
MAF Sukuk Ltd., 4.64%, 05/14/29			525		597,187
New Metro Global Ltd.
6.50%, 04/23/21			200		201,060
6.80%, 08/05/23			400		421,625
4.80%, 12/15/24			200		201,500
Powerlong Real Estate Holdings Ltd., 7.13%, 11/08/22			200		207,250
Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 01/15/29^(b)			199		203,229
Redsun Properties Group Ltd.
9.95%, 04/11/22			200		208,562
10.50%, 10/03/22			200		211,062
RKPF Overseas Ltd.
Series 2019-A, 6.70%, 09/30/24			513		544,261
Series 2019-A, 6.00%, 09/04/25			200		206,188
Series 2020-A, 5.20%, 01/12/26			205		204,744
Ronshine China Holdings Ltd.
11.25%, 08/22/21			200		205,938
10.50%, 03/01/22			200		209,062
8.95%, 01/22/23			200		206,813
7.35%, 12/15/23			304		306,470
Scenery Journey Ltd.
11.50%, 10/24/22			219		207,092
13.00%, 11/06/22			200		193,313
12.00%, 10/24/23			448		418,740
Seazen Group Ltd.
6.45%, 06/11/22			200		205,688
6.00%, 08/12/24			200		209,500
Shimao Group Holdings Ltd., 5.60%, 07/15/26			200		219,687
Shui On Development Holding Ltd., 5.75%, 11/12/23			500		507,969
Sunac China Holdings Ltd.
7.25%, 06/14/22			200		205,063
7.95%, 10/11/23			200		210,312
7.50%, 02/01/24			400		414,250
6.65%, 08/03/24			224		227,640


Security		Par (000)		Value

Real Estate Management & Development (continued)
Sunac China Holdings Ltd. (continued)
7.00%, 07/09/25	USD		400	$	407,000
Theta Capital Pte Ltd., 8.13%, 01/22/25			200		199,438
Times China Holdings Ltd.
6.75%, 07/16/23			313		326,596
6.75%, 07/08/25			553		586,007
Wanda Group Overseas Ltd., 7.50%, 07/24/22			200		187,875
Wanda Properties International Co. Ltd., 7.25%, 01/29/24			205		209,548
Yango Justice International Ltd.
10.00%, 02/12/23			400		426,750
8.25%, 11/25/23			200		208,375
Yanlord Land HK Co. Ltd.
6.75%, 04/23/23			200		207,688
6.80%, 02/27/24			200		209,937
Yuzhou Group Holdings Co. Ltd.
8.63%, 01/23/22			200		206,938
8.50%, 02/04/23			200		213,312
8.50%, 02/26/24			400		429,625
8.38%, 10/30/24			200		215,625
7.70%, 02/20/25			200		211,750
8.30%, 05/27/25			200		212,937
7.38%, 01/13/26			205		215,250
Zhenro Properties Group Ltd.
9.15%, 03/08/22			200		205,188
8.70%, 08/03/22			200		207,687
8.65%, 01/21/23			203		209,915
7.88%, 04/14/24			400		412,375
6.63%, 01/07/26			200		199,000


					29,746,663

Road & Rail — 0.5%
Autostrade per l’Italia SpA, 5.88%, 06/09/24	EUR		200		276,592
Burlington Northern Santa Fe LLC, 4.38%, 09/01/42^(g)	USD		500		634,500
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34^(b)			2,079		2,505,143


					3,416,235

Semiconductors & Semiconductor Equipment — 1.2%
ams AG, 6.00%, 07/31/25	EUR		200		260,855
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27^(g)	USD		2,600		2,904,317
Broadcom, Inc., 3.46%, 09/15/26^(g)			688		757,384
Microchip Technology, Inc.
1.63%, 02/15/25^(k)			102		305,570
4.25%, 09/01/25^(b)(g)			1,374		1,439,146
ON Semiconductor Corp.
1.63%, 10/15/23^(k)			246		437,573
3.88%, 09/01/28^(b)			429		444,551
QUALCOMM, Inc., 4.65%, 05/20/35^(g)			400		521,533
Sensata Technologies BV, 5.00%, 10/01/25^(b)			368		405,720
Sensata Technologies, Inc.^(b)
4.38%, 02/15/30			236		253,995
3.75%, 02/15/31			251		257,599


					7,988,243

Software — 1.7%
ACI Worldwide, Inc., 5.75%, 08/15/26^(b)(g)			833		877,774
Black Knight InfoServ LLC, 3.63%, 09/01/28^(b)			501		506,987
Boxer Parent Co., Inc.
6.50%, 10/02/25	EUR		100		129,765
7.13%, 10/02/25^(b)(g)	USD		749		809,939


Security		Par (000)		Value

Software (continued)
Boxer Parent Co., Inc. (continued) 9.13%, 03/01/26^(b)	USD		194	$	206,629
BY Crown Parent LLC, 7.38%, 10/15/24^(b)(g)			900		910,314
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26^(b)(g)			782		801,550
CDK Global, Inc., 4.88%, 06/01/27^(g)			509		535,084
Crowdstrike Holdings, Inc., 3.00%, 02/15/29			199		201,363
MSCI, Inc.^(b)
4.00%, 11/15/29			99		105,278
3.63%, 09/01/30			116		123,105
3.88%, 02/15/31			546		580,835
Open Text Corp., 3.88%, 02/15/28^(b)			179		183,475
Open Text Holdings, Inc., 4.13%, 02/15/30^(b)			410		430,377
PTC, Inc., 4.00%, 02/15/28^(b)			242		251,680
Rocket Software, Inc., 6.50%, 02/15/29^(b)			438		438,000
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(b)(g)			1,872		1,922,020
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)(g)			1,628		1,724,068
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)(g)			1,203		1,236,082


					11,974,325

Specialty Retail — 0.4%
L Brands, Inc.
6.88%, 11/01/35^(g)			478		554,141
6.75%, 07/01/36			79		90,257
PetSmart, Inc.^(b)
7.13%, 03/15/23^(g)			234		234,573
5.88%, 06/01/25^(g)			291		299,730
4.75%, 02/15/28			436		436,000
7.75%, 02/15/29⁽ⁱ⁾			321		321,000
Staples, Inc., 7.50%, 04/15/26^(b)(g)			845		861,976
Tendam Brands SAU, (3 mo. Euribor + 5.25%), 5.25%, 09/15/24^(a)	EUR		100		112,557


					2,910,234

Technology Hardware, Storage & Peripherals — 0.1%
Dell International LLC/EMC Corp., 7.13%, 06/15/24^(b)(g)	USD		756		785,182


Textiles, Apparel & Luxury Goods — 0.0%
William Carter Co., 5.63%, 03/15/27^(b)			28		29,575


Thrifts & Mortgage Finance — 0.2%
Home Point Capital, Inc., 5.00%, 02/01/26^(b)			368		372,370
Jerrold Finco PLC, 5.25%, 01/15/27	GBP		100		135,748
MGIC Investment Corp., 5.25%, 08/15/28	USD		216		231,120
Nationstar Mortgage Holdings, Inc.^(b)
6.00%, 01/15/27			323		341,572
5.50%, 08/15/28			330		340,725
5.13%, 12/15/30			180		186,750


					1,608,285

Tobacco — 0.4%
Altria Group, Inc., 4.50%, 05/02/43^(g)			750		845,112
Philip Morris International, Inc., 4.38%, 11/15/41^(g)			900		1,090,400
Reynolds American, Inc., 5.85%, 08/15/45			715		903,339


					2,838,851

Transportation — 0.0%
Autostrade per l’Italia SpA, 2.00%, 12/04/28	EUR		100		121,052


Transportation Infrastructure — 0.4%
DP World Salaam, (5 year CMT + 5.75%), 6.00%^(a)(j)	USD		256		280,000


Security		Par (000)		Value

Transportation Infrastructure (continued)
ENA Master Trust, 4.00%, 05/19/48^(b)	USD		200	$	215,025
FedEx Corp.^(g)
3.90%, 02/01/35			500		588,048
4.75%, 11/15/45			500		622,487
Heathrow Finance PLC, 4.13%, 09/01/29	GBP		100		135,850
Simpar Europe SA, 5.20%, 01/26/31^(b)	USD		330		331,650
Transurban Finance Co. Pty Ltd., 4.13%, 02/02/26^(b)(g)			520		593,387


					2,766,447

Utilities — 1.9%
AES Panama Generation Holdings SRL, 4.38%, 05/31/30^(b)			335		358,869
Centrais Eletricas Brasileiras SA^(b)
3.63%, 02/04/25			424		432,109
4.63%, 02/04/30			233		240,093
ContourGlobal Power Holdings SA, 4.13%, 08/01/25	EUR		100		124,091
Electricite de France SA, (10 year USD Swap + 3.71%), 5.25%^(a)(b)(g)(j)	USD		7,500		7,856,250
Emera US Finance LP, 4.75%, 06/15/46^(g)			200		247,553
Genneia SA, 8.75%, 01/20/22^(b)(g)			700		600,687
Inkia Energy Ltd., 5.88%, 11/09/27^(b)(g)			455		485,713
Mong Doung Finacial Holdings BV, 5.13%, 05/07/29			250		252,656
Orano SA, 2.75%, 03/08/28	EUR		100		127,903
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)(g)	USD		687		726,571
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38^(b)			535		596,525
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33			363		408,150
Thames Water Kemble Finance PLC, Series FEB, 4.63%, 05/19/26⁽ⁱ⁾	GBP		168		233,040
Vistra Operations Co. LLC, 5.63%, 02/15/27^(b)	USD		254		267,947


					12,958,157

Wireless Telecommunication Services — 2.7%
Altice France SA
7.38%, 05/01/26^(b)(g)			2,017		2,109,681
5.88%, 02/01/27	EUR		100		130,094
8.13%, 02/01/27^(b)(g)	USD		780		859,950
5.50%, 01/15/28^(b)(g)			757		788,226
4.13%, 01/15/29	EUR		100		123,327
5.13%, 01/15/29^(b)	USD		201		207,281
Gogo Intermediate Holdings LLC/Gogo Finance Co., Inc., 9.88%, 05/01/24^(b)			239		254,028
Kenbourne Invest SA^(b)
6.88%, 11/26/24			529		567,022
4.70%, 01/22/28			200		202,250
Matterhorn Telecom SA, 4.00%, 11/15/27	EUR		100		123,200
Millicom International Cellular SA
5.13%, 01/15/28	USD		514		539,546
4.50%, 04/27/31^(b)			400		424,000
PPF Telecom Group BV, 3.25%, 09/29/27	EUR		100		130,633
SBA Communications Corp.^(g)
4.88%, 09/01/24	USD		956		981,439
3.88%, 02/15/27			939		980,607
Sprint Corp.
7.88%, 09/15/23			206		237,930
7.13%, 06/15/24^(g)			333		388,291
7.63%, 03/01/26^(g)			816		1,005,720
T-Mobile USA, Inc. 6.50%, 01/15/26			286		294,983


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
T-Mobile USA, Inc. (continued)
4.50%, 02/01/26	USD		570	$	583,110
4.75%, 02/01/28^(g)			626		668,631
2.88%, 02/15/31			610		614,959
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23			1,069		1,083,541
VEON Holdings BV, 4.00%, 04/09/25^(b)			200		211,188
VICI Properties LP/VICI Note Co., Inc.^(b)
3.50%, 02/15/25			503		511,174
4.25%, 12/01/26^(g)			1,467		1,517,391
3.75%, 02/15/27			534		542,678
4.63%, 12/01/29			640		681,600
4.13%, 08/15/30^(g)			1,325		1,378,835
Vmed O2 UK Financing I PLC, 3.25%, 01/31/31	EUR		100		123,782
VTR Comunicaciones SpA, 5.13%, 01/15/28^(b)	USD		467		497,647


					18,762,744


Total Corporate Bonds — 83.9% (Cost: $548,528,342)					578,320,264


Floating Rate Loan Interests^(a)

Aerospace & Defense — 0.0%
Spirit Aerosystems, Inc., 2020 Term Loan B, (1 mo. LIBOR + 5.25, 1.00% Floor), 6.00%, 01/15/25^(c)			237		239,963


Airlines — 0.1%
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27			223		237,535
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/20/27			381		398,526


					636,061

Auto Components — 0.1%
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 3.62%, 04/30/26			328		327,167


Building Materials — 0.0%
CP Atlas Buyer, Inc.
2020 Delayed Draw Term Loan B2, (3 mo. LIBOR + 4.50, 1.00% Floor), 5.25%, 11/23/27			30		29,750
2020 Term Loan B1, (3 mo. LIBOR + 4.50, 1.00% Floor), 5.25%, 11/23/27			89		89,250


					119,000

Building Products — 0.0%
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/05/24			119		118,690


Capital Markets — 0.1%
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27			105		105,500
Jefferies Finance LLC, 2019 Term Loan, (3 mo. LIBOR + 3.00%), 3.13%, 06/03/26			289		287,864


					393,364

Chemicals — 0.3%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/24			1,207		1,209,463


Security		Par (000)		Value

Chemicals (continued)
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 08/27/26	USD		494	$	496,836
Illuminate Buyer LLC, Term Loan, (1 mo. LIBOR + 4.00%), 4.25%, 06/30/27			347		347,782
Invictus US LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.87%, 03/30/26			54		52,894
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.38%, 05/15/24			263		259,975


					2,366,950

Commercial Services & Supplies — 0.4%
Asurion LLC
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 6.62%, 08/04/25			483		482,849
2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.40%, 12/23/26			95		93,890
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.37%, 12/12/25			94		93,854
Diamond (BC) BV, USD Term Loan, (3 mo. LIBOR + 3.00%), 3.21%, 09/06/24			834		830,561
GFL Environmental, Inc., 2020 Term Loan, (3 mo. LIBOR + 3.00, 1.00% Floor), 3.50%, 05/30/25			116		116,459
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.44%, 09/19/26			66		65,931
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.64%, 08/27/25			1,149		1,148,967


					2,832,511

Construction & Engineering — 0.4%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25 %, 06/21/24			2,196		2,167,192
SRS Distribution, Inc.
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.12%, 05/23/25			346		343,735
2019 Incremental Term Loan B, (1 mo. LIBOR + 4.25%), 4.37%, 05/23/25			178		178,156


					2,689,083

Construction Materials — 0.0%
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23			115		114,914


Containers & Packaging — 0.1%
BWAY Holding Co., 2017 Term Loan B, (1 mo. LIBOR + 3.25%), 3.38%, 04/03/24			444		435,466


Diversified Consumer Services — 0.1%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.75%, 01/31/27			80		79,890
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24			113		112,624
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27			407		408,813
TruGreen Limited Partnership, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%, 1.00% Floor), 9.25%, 11/02/28^(c)			201		207,532


					808,859


Security		Par (000)		Value

Diversified Financial Services — 0.3%
Advisor Group, Inc., 2019 Term Loan B, (1 mo. LIBOR + 5.00%), 5.25%, 08/01/26	USD		121	$	120,712
Applecaramel Buyer LLC, Term Loan B, (6 mo. LIBOR + 4.00, 1.00% Floor), 4.50%, 10/19/27			676		678,462
Credito Real SAB de CV Sofom ENR, Term Loan B, (3 mo. LIBOR + 3.75%), 3.96%, 02/21/23^(c)			80		76,720
Delta TopCo, Inc., 2020 Term Loan B, (6 mo. LIBOR + 3.75, 1.00% Floor), 4.50%, 12/01/27			524		525,616
LBM Acquisition LLC^(i)(m) Delayed Draw Term Loan, 12/18/27			11		11,089
Term Loan B, 12/18/27			50		49,898
Milano Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00, 1.00% Floor), 4.75%, 10/01/27			583		584,096
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.13%, 02/28/27			93		93,121


					2,139,714

Diversified Telecommunication Services — 0.4%
Frontier Communications Corp., 2020 DIP Exit Term Loan, (1 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 10/08/21			374		373,649
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 6.75%, 11/27/23			107		108,265
2017 Term Loan B4, (PRIME + 5.50%), 7.50%, 01/02/24			330		334,055
2017 Term Loan B5, (Fixed), 6.63%, 01/02/24⁽ⁿ⁾			1,841		1,868,676


					2,684,645

Entertainment — 0.1%
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25, 1.00% Floor), 7.00%, 11/12/25^(c)			489		503,670


Health Care Equipment & Supplies — 0.2%
Ortho-Clinical Diagnostics SA
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.39%, 06/30/25			169		168,984
EUR Term Loan B, (EURIBOR + 3.50%), 3.50%, 06/30/25	EUR		993		1,199,425


					1,368,409

Health Care Providers & Services — 0.3%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25	USD		408		409,263
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 01/08/27			232		232,415
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 10/10/25			792		671,662
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 3.38%, 07/02/25			184		183,712
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 9.25%, 04/29/25			219		219,505
RegionalCare Hospital Partners Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 11/16/25			146		145,504
Sotera Health Holdings, LLC, 2021 Term Loan, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.25%, 12/13/26			489		487,572


					2,349,633

Health Care Services — 0.0%
Azalea Topco, Inc., Term Loan, (1 mo. LIBOR + 3.50%), 3.71%, 07/25/26			204		203,598


Security		Par (000)		Value

Health Care Technology — 0.0%
Athenahealth, Inc., 2021 Term Loan B, 02/11/26^(i)(m)	USD		158	$	158,395


Hotels, Restaurants & Leisure — 0.1%
Golden Nugget LLC, 2017 Incremental Term Loan B, (2 mo. LIBOR + 2.50, 1.00% Floor), 3.25%, 10/04/23			214		209,529
IRB Holding Corp., 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25 %, 12/15/27			468		469,170
Life Time Fitness, Inc., 2021 Term Loan B, 12/15/24^(i)(m)			185		181,988
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 3.75%, 07/10/25			40		40,135


					900,822

Independent Power and Renewable Electricity Producers — 0.0%
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.12%, 08/12/26			45		44,729


Industrial Conglomerates — 0.2%
PSAV Holdings LLC, 2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.25%, 09/01/25			623		404,757
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23^(c)(i)			193		192,715
Vertiv Group Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 3.14%, 03/02/27			430		430,008


					1,027,480

Insurance — 0.3%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 05/09/25			251		249,591
HUB International Ltd., 2021 Term Loan B, (3 mo. LIBOR + 3.25, 1.00% Floor), 4.00%, 04/25/25			245		244,836
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.25, 1.00% Floor), 4.00%, 09/01/27			237		237,554
Sedgwick Claims Management Services, Inc. 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.37%, 12/31/25			749		743,886
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.12%, 09/03/26			277		277,131
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26			410		412,375


					2,165,373

Interactive Media & Services — 0.1%
Camelot U.S. Acquisition 1 Co., 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/31/26			151		151,378
Grab Holdings, Inc., Term Loan B, 01/29/26			206		204,970
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24			169		169,038


					525,386

Internet & Direct Marketing Retail — 0.0%
CNT Holdings I Corp., 2020 Term Loan, (6 mo. LIBOR + 3.75, 1.00% Floor), 4.50%, 11/08/27			294		295,261


IT Services — 0.3%
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.00%), 3.12%, 10/31/26			204		204,195


Security		Par (000)		Value

IT Services (continued)
Greeneden US Holdings II LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 4.00, 1.00% Floor), 4.75%, 12/01/27	USD		339	$	339,983
Peak 10 Holding Corp.
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 3.75%, 08/01/24			172		155,055
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), 7.48%, 08/01/25			75		51,188
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.62%, 02/13/27			215		205,937
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00 %, 11/03/23			136		135,392
Veritas US, Inc., 2020 USD Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 09/01/25			1,077		1,081,621


					2,173,371

Machinery — 0.3%
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.87%, 02/28/27			105		104,614
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR + 5.00%), 5.12%, 09/20/26			519		520,932
Titan Acquisition Ltd., 2018 Term Loan B, (6 mo. LIBOR + 3.00%), 3.27%, 03/28/25			1,603		1,568,335


					2,193,881

Media — 0.5%
Altice Financing SA, 2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.88%, 07/15/25			44		43,520
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.13%, 08/14/26			208		206,880
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.71%, 08/21/26			879		856,493
Connect Finco Sarl, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 1.00%, 12/12/26			236		236,231
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23			90		81,364
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50, 1.00% Floor), 4.25%, 09/25/26			46		46,274
Terrier Media Buyer, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.50%, 12/17/26			197		196,370
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.25%, 03/09/27			1,507		1,496,982


					3,164,114

Oil, Gas & Consumable Fuels — 0.3%
Ascent Resources Utica LLC, 2020 Fixed 2nd Lien Term Loan, 11/01/25^(i)(m)(n)			1,780		1,940,500
CITGO Holding, Inc., 2019 Term Loan B, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 08/01/23			240		224,365
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 06/28/24^(c)			17		13,764


					2,178,629


Security		Par (000)		Value

Paper & Forest Products — 0.0%
Charter NEX US, Inc., 2020 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.00%, 12/01/27	USD		219	$	220,178


Pharmaceuticals — 0.2%
Endo International PLC, 2017 Term Loan B, (3 mo. LIBOR + 4.25, 1.00% Floor), 5.00%, 04/29/24			868		860,249
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.12%, 06/02/25			181		181,281


					1,041,530

Professional Services — 0.1%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.75%), 3.72%, 02/06/26			409		409,495


Software — 0.7%
Barracuda Networks, Inc., 2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75, 1.00% Floor), 7.50%, 10/30/28			228		231,844
BMC Software Finance, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 10/02/25			249		248,224
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26			36		36,381
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.88%, 01/31/27			262		259,344
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00 %, 04/29/24			129		128,878
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.51%, 05/27/24			247		230,177
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28			117		121,768
2020 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.25%, 07/31/27			322		323,156
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed), 7.13%, 02/25/25⁽ⁿ⁾			538		550,105
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.50%, 02/25/27			251		250,297
Mitchell International, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.37%, 11/29/24			170		167,229
Omnitracs, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.00%), 8.15%, 10/01/28			66		65,505
Planview Parent, Inc., 2nd Lien Term Loan, (1 Week LIBOR + 7.25%, 1.00% Floor), 8.00%, 12/17/28^(c)			195		194,025
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.37%, 05/30/25			18		17,935
Sabre GLBL, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.00, 1.00% Floor), 4.75%, 12/17/27			111		112,041
Solera LLC, USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.87%, 03/03/23			145		143,802
Sophia LP, 2020 1st Lien Term Loan, (3 mo. LIBOR + 3.75, 1.00% Floor), 4.50%, 10/07/27			783		785,153


Security		Par (000)		Value

Software (continued)
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25	USD		82	$	81,643
SS&C Technologies, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.87%, 04/16/25			120		119,627
Tempo Acquisition LLC, 2020 Extended Term Loan, (1 mo. LIBOR + 3.25, 1.00% Floor), 3.75%, 11/02/26			40		40,044
Tibco Software, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.38%, 03/04/28			232		234,756
Ultimate Software Group, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 3.87%, 05/03/26			308		308,097


					4,650,031

Specialty Retail — 0.2%
PetSmart, Inc.
2021 Term Loan B, 01/29/28^(c)(i)(m)			441		437,693
Consenting Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/11/22			684		683,480


					1,121,173

Wireless Telecommunication Services — 0.1%
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 5.00%, 06/10/27			588		592,636


Total Floating Rate Loan Interests — 6.3% (Cost: $42,797,322)					43,194,181


Foreign Agency Obligations

Bahrain — 0.2%
Bahrain Government International Bond
6.75%, 09/20/29			265		298,291
5.25%, 01/25/33^(b)			205		203,975
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25			430		498,665
CBB International Sukuk Programme Co. SPC, 6.25%, 11/14/24^(b)			299		330,582


					1,331,513

Colombia — 0.5%
Colombia Government International Bond
8.13%, 05/21/24			385		465,970
4.50%, 01/28/26^(g)			1,437		1,611,686
3.88%, 04/25/27^(g)			944		1,036,335
4.13%, 05/15/51			200		209,125


					3,323,116

Dominican Republic — 0.3%
Dominican Republic International Bond
5.95%, 01/25/27			831		961,882
4.50%, 01/30/30^(b)			593		617,832
4.88%, 09/23/32^(b)			350		371,875
6.40%, 06/05/49			271		301,996


					2,253,585

Egypt — 0.5%
Egypt Government International Bond
5.75%, 05/29/24^(b)			450		483,890
5.88%, 06/11/25			803		872,760
7.60%, 03/01/29			1,269		1,426,039


Security		Par (000)		Value

Egypt (continued)
Egypt Government International Bond (continued)
6.38%, 04/11/31^(b)	EUR		130	$	168,460
8.50%, 01/31/47^(b)	USD		502		550,004


					3,501,153

Iceland — 0.5%
Iceland Government International Bond, 5.88%, 05/11/22^(g)			3,415		3,610,051


Indonesia — 0.3%
Indonesia Government International Bond
4.10%, 04/24/28			1,629		1,879,968
5.35%, 02/11/49^(g)			295		402,214


					2,282,182

Mexico — 0.1%
Mexico Government International Bond
3.75%, 01/11/28^(g)			200		221,938
2.66%, 05/24/31			575		571,945


					793,883

Mongolia — 0.1%
Mongolia Government International Bond, 8.75%, 03/09/24			250		289,453


Morocco — 0.1%
Morocco Government International Bond
3.00%, 12/15/32			586		589,480
4.00%, 12/15/50			220		224,056


					813,536

Panama — 0.2%
Panama Government International Bond
3.16%, 01/23/30			978		1,063,575
4.50%, 04/16/50			407		498,575


					1,562,150

Paraguay — 0.2%
Paraguay Government International Bond
4.95%, 04/28/31			220		262,281
5.40%, 03/30/50			569		708,050


					970,331

Peru — 0.2%
Peruvian Government International Bond
2.78%, 01/23/31			771		830,030
5.63%, 11/18/50			318		485,447


					1,315,477

Portugal — 0.6%
Portugal Government International Bond, 5.13%, 10/15/24^(b)(g)			3,680		4,266,637


Qatar — 0.2%
Qatar Government International Bond
4.00%, 03/14/29^(b)(g)			878		1,029,455
4.40%, 04/16/50			400		510,000


					1,539,455

Romania — 0.1%
Romanian Government International Bond, 3.00%, 02/14/31^(b)			538		570,953


Security		Par (000)		Value

Russia — 0.2%
Russian Foreign Bond - Eurobond
4.75%, 05/27/26	USD		400	$	460,750
4.25%, 06/23/27			600		682,012


					1,142,762

Saudi Arabia — 0.2%
Saudi Government International Bond
4.38%, 04/16/29^(b)			200		235,000
4.50%, 04/17/30			1,051		1,249,376


					1,484,376

South Africa — 0.0%
Republic of South Africa Government International Bond, 5.88%, 05/30/22			210		223,059


Sri Lanka — 0.1%
Sri Lanka Government International Bond
6.85%, 03/14/24			400		255,875
6.35%, 06/28/24			200		126,812
7.85%, 03/14/29			400		241,500
7.55%, 03/28/30			200		120,563

					744,750

Ukraine — 0.3%
Ukraine Government International Bond
7.75%, 09/01/22			136		144,075
7.75%, 09/01/23			221		240,752
8.99%, 02/01/24			424		477,000
7.75%, 09/01/24			280		308,350
7.75%, 09/01/25			226		251,919
7.25%, 03/15/33^(b)			571		607,223


					2,029,319

Uruguay — 0.1%
Uruguay Government International Bond, 4.98%, 04/20/55			198		263,463


Total Foreign Agency Obligations — 5.0% (Cost: $32,082,758)					34,311,204


Municipal Bonds

California — 0.1%
California County Tobacco Securitization Agency, Refunding RB, CAB, Series B-2, Subordinate, 0.00%, 06/01/55^(l)			1,230		237,501


Illinois — 0.1%
State of Illinois, GO, 5.10%, 06/01/33			800		893,120


Total Municipal Bonds — 0.2% (Cost: $991,270)					1,130,621


Non-Agency Mortgage-Backed Securities

Collateralized Mortgage Obligations — 11.4%
Ajax Mortgage Loan Trust, Series 2017-D, Class A, 3.75%, 12/25/57^(b)			2,436		2,466,701
American Home Mortgage Assets Trust, Series 2006-5, Class A1, (12 mo. MTA + 0.92%), 1.42%, 11/25/46^(a)			4,827		2,076,811
CHL Mortgage Pass-Through Trust
Series 2006-3, Class 1A1, (1 mo. LIBOR US + 0.48%), 0.61%, 03/25/36^(a)			7,197		6,775,729


Security		Par (000)		Value

Collateralized Mortgage Obligations (continued)
CHL Mortgage Pass-Through Trust (continued)
Series 2007-J2, Class 2A1, (1 mo. LIBOR US + 0.65%), 0.78%, 07/25/37^(a)	USD		3,042	$	797,990
Series 2007-J2, Class 2A8, 6.00%, 07/25/37			1,680		998,215
Citigroup Mortgage Loan Trust, Series 2006-AR7, Class 2A3A, 2.98%, 11/25/36^(a)			2,321		2,211,572
Countrywide Alternative Loan Trust
Series 2005-9CB, Class 1A3, (1 mo. LIBOR US + 0.45%), 0.58%, 05/25/35^(a)			2,134		1,914,289
Series 2006-40T1, Class 2A5, (1 mo. LIBOR US + 0.40%), 0.53%, 12/25/36^(a)			2,313		213,653
Series 2006-7CB, Class 2A1, 6.50%, 05/25/36			1,861		1,371,258
Series 2006-J7, Class 2A1, (11th District Cost of Funds + 1.50%), 1.97%, 11/20/46^(a)			4,241		3,115,069
Series 2006-J8, Class A5, 6.00%, 02/25/37			2,145		1,350,960
Series 2006-OA14, Class 3A1, (12 mo. MTA + 0.85%), 1.35%, 11/25/46^(a)			6,554		5,843,120
Series 2006-OA16, Class A2, (1 mo. LIBOR US + 0.19%), 0.32%, 10/25/46^(a)			4,111		3,943,264
Series 2006-OA18, Class A1, (1 mo. LIBOR US + 0.12%), 0.25%, 12/25/46^(a)			2,544		2,432,419
Series 2006-OA6, Class 1A1A, (1 mo. LIBOR US + 0.42%), 0.55%, 07/25/46^(a)			4,705		3,839,610
Series 2006-OA8, Class 1A1, (1 mo. LIBOR US + 0.19%), 0.32%, 07/25/46^(a)			1,740		1,560,617
Series 2007-12T1, Class A22, 5.75%, 06/25/37			3,992		2,771,388
Series 2007-12T1, Class A5, 6.00%, 06/25/37			1,937		1,383,128
Series 2007-19, Class 1A1, 6.00%, 08/25/37			655		477,293
Series 2007-22, Class 2A16, 6.50%, 09/25/37			7,872		4,791,389
Series 2007-23CB, Class A1, 6.00%, 09/25/37			4,910		3,583,370
Series 2007-4CB, Class 1A3, (1 mo. LIBOR US + 0.35%), 0.48%, 04/25/37^(a)			2,495		1,955,311
Series 2007-OA2, Class 1A1, (12 mo. MTA + 0.84%), 1.34%, 03/25/47^(a)			3,091		2,675,605
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA5, Class 3A1, (1 mo. LIBOR US + 0.40%), 0.53%, 04/25/46^(a)			5,577		5,193,530
CSMC, Series 2011-4R, Class 1A2, (1 mo. LIBOR US + 1.50%), 1.65%, 09/27/37^(a)(b)			1,930		1,801,249
Morgan Stanley Re-REMIC Trust, Series 2010-R5, Class 7B, 0.59%, 05/26/37^(b)(c)			6,725		6,792,684
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2006-AF1, Class 1A2, 6.16%, 05/25/36^(a)			7,310		2,356,738
Residential Asset Securitization Trust, Series 2006- A8, Class 2A5, (1 mo. LIBOR US + 0.60%), 0.73%, 08/25/36^(a)			6,397		732,024
Visio Trust, Series 2020-1R, Class M1, 2.93%, 11/25/55^(b)			710		713,054
WaMu Mortgage Pass-Through Certificates, Series 2007-OA4, Class 1A, (12 mo. MTA + 0.77%), 1.27%, 05/25/47^(a)			2,767		2,562,577


					78,700,617


Security		Par (000)		Value

Commercial Mortgage-Backed Securities^(b)— 0.6%
American Homes 4 Rent Trust, Series 2014-SFR2, Class E, 6.23%, 10/17/36	USD		2,000	$	2,219,316
Bayview Commercial Asset Trust, Series 2007-2A, Class A1, (1 mo. LIBOR US + 0.27%), 0.40%, 07/25/37^(a)			2,057		1,943,061


					4,162,377


Total Non-Agency Mortgage-Backed Securities — 12.0% (Cost: $88,919,051)					82,862,994


Preferred Securities

Capital Trusts — 7.7%

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(a)(j)			395		443,881


Banks^(a)— 1.9%
Al Ahli Bank of Kuwait KSCP, 7.25%^(j)			200		212,938
Bank of East Asia Ltd., 5.88%^(j)			250		263,359
Bankia SA, 6.38%^(j)	EUR		200		258,031
BBVA Bancomer SA, 5.13%, 01/18/33	USD		782		828,998
Burgan Bank SAK, 5.75%^(j)			250		258,047
CIT Group, Inc., Series A, 5.80%^(g)(j)			282		286,512
ING Groep NV, 6.75%^(j)			200		216,500
Kasikornbank PCL, 5.28%^(j)			246		258,273
Nanyang Commercial Bank Ltd., 5.00%^(j)			200		203,000
Rizal Commercial Banking Corp., 6.50%^(j)			200		202,938
TMB Bank PCL, 4.90%^(j)			250		249,453
Wells Fargo & Co.^(g)(j)
Series S, 5.90%			8,800		9,287,333
Series U, 5.88%			456		507,865


					13,033,247

Consumer Finance — 0.5%
Capital One Financial Corp., Series E, 4.03%^(a)(g)(j)			3,500		3,448,803


Diversified Financial Services^(a)(j)— 4.6%
Banco Santander SA, 4.38%	EUR		200		241,800
Bank of America Corp.
Series AA, 6.10%^(g)	USD		3,890		4,379,595
Series DD, 6.30%			205		239,338
Series X, 6.25%^(g)			6,175		6,834,379
Series Z, 6.50%			170		193,494
BNP Paribas SA, 4.50%^(b)			265		262,681
Citigroup, Inc., Series Q, 4.32%			309		308,320
Credit Suisse Group AG^(b)
5.10%			200		204,560
6.38%			585		651,544
7.50%			200		217,696
HSBC Holdings PLC, 6.00%^(g)			695		752,977
JPMorgan Chase & Co.
Series FF, 5.00%^(g)			1,025		1,081,178
Series HH, 4.60%			320		329,280
Series I, 3.68%			405		402,147
Series R, 6.00%			228		238,203
Series V, 3.56%^(g)			1,420		1,407,124
Morgan Stanley, Series H, 3.85%^(g)			5,377		5,370,279
Natwest Group PLC^(g)
6.00%			1,185		1,304,981
8.63%			200		207,000


Security		Par (000)		Value

Diversified Financial Services (continued)
Societe Generale SA^(b)
5.38%	USD		3,000	$	3,127,500
6.75%^(g)			3,000		3,315,000
Woori Bank, 4.25%			250		261,484


					31,330,560

Diversified Telecommunication Services^(a)(j)— 0.1%
Koninklijke KPN NV, 2.00%	EUR		100		121,043
Telefonica Europe BV
5.88%			100		135,678
4.38%			100		131,064


					387,785

Electric Utilities — 0.4%
NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79^(a)	USD		2,500		2,957,017


Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26	EUR		100		124,996


Insurance^(a)(j)— 0.1%
Achmea BV, 4.63%			200		256,122
Heungkuk Life Insurance Co. Ltd., 4.48%	USD		200		201,437


					457,559

Oil, Gas & Consumable Fuels — 0.0%
Abertis Infraestructuras Finance BV, 3.25%^(a)(j)	EUR		100		124,291


Real Estate Management & Development — 0.0%
Citycon OYJ, 4.50%^(a)(j)			100		120,677


Utilities — 0.0%
Electricite de France SA, 3.00%^(a)(j)			200		253,782


Wireless Telecommunication Services — 0.0%
Vodafone Group PLC, 3.10%, 01/03/79^(a)			200		251,205


Total Capital Trusts — 7.7%				52,933,803


		Shares

Preferred Stocks — 3.9%^(j)

Banks — 0.2%
Truist Bank, 9.00%^(b)(c)(e)			15		1,552,500


Capital Markets^(a)— 2.2%
Goldman Sachs Group, Inc., Series J, 5.50%			395,017		10,408,698
Morgan Stanley
Series F, 6.88%			100,000		2,829,000
Series K, 5.85%			60,125		1,719,575


					14,957,273

Equity Real Estate Investment Trusts (REITs) — 1.5%
Firstar Realty LLC, 8.88%^(b)			10,000		10,650,000


Total Preferred Stocks — 3.9%				27,159,773


Total Preferred Securities — 11.6% (Cost: $78,790,852)					80,093,576


Security		Par (000)		Value


U.S. Government Sponsored Agency Securities

Collateralized Mortgage Obligations — 0.9%
Uniform Mortgage-Backed Securities, Series 4480, Class ZX, 4.00%, 11/15/44	USD		5,624	$	6,317,861


Mortgage-Backed Securities^(g)— 13.5%
Fannie Mae Mortgage-Backed Securities
4.50%, 10/01/48 - 02/01/50			932		1,010,857
1.50%, 01/01/51			6,978		7,012,136
2.00%, 02/01/51			10,000		10,327,189
Freddie Mac Mortgage-Backed Securities, 4.50%, 11/01/48			310		336,997
Uniform Mortgage-Backed Securities
4.50%, 11/01/23 - 07/01/55^(o)			31,739		35,405,683
4.00%, 02/01/34 - 04/01/56			30,640		34,075,694
2.00%, 11/01/50			4,640		4,794,878

					92,963,434


Total U.S. Government Sponsored Agency Securities — 14.4% (Cost: $95,962,584)					99,281,295


		Shares


Warrants

Entertainment — 0.0%
Aviron Capital LLC (Expires 12/16/31)^(c)(e)			10		—


Oil, Gas & Consumable Fuels — 0.0%
SM Energy Co. (Expires 06/30/23)^(e)			14,537		121,820


Total Warrants — 0.0% (Cost: $62,364)					121,820


Total Long-Term Investments — 152.1% (Cost: $1,010,425,429)					1,048,223,341


Short-Term Securities

Money Market Funds — 1.3%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%^(p)(q)			9,171,344		9,171,344


Total Short-Term Securities — 1.3% (Cost: $9,171,345)					9,171,344


Options Purchased — 0.5% (Cost: $2,761,207)					3,354,659


Total Investments Before Options Written — 153.9% ⁽Cost: $1,022,357,981)					1,060,749,344


Options Written — (0.8)% (Premiums Received: $(5,418,492))					(5,666,299	)


Total Investments, Net of Options Written — 153.1% (Cost: $1,016,939,489)					1,055,083,045

Liabilities in Excess of Other Assets — (53.1)%					(365,848,550	)


Net Assets — 100.0%				$	689,234,495

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

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

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

^(d)	Amount is less than 500.

^(e)	Non-income producing security.

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

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

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

⁽ⁱ⁾	When-issued security.

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

^(k)	Convertible security.

^(l)	Zero-coupon bond.

^(m)	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.

⁽ⁿ⁾	Fixed rate.

^(o)	Represents or includes a TBA transaction.

^(p)	Affiliate of the Trust.

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

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

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

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

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

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

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial statement purposes. As of period end, reverse repurchase agreements of $375,772,241 are categorized as Level 2 within the disclosure hierarchy.

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

The Trust’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.


Affiliated Issuer	Value at 10/31/20		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/21		Shares Held at 01/31/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	17,576,490	$	—	$	(8,405,146	)^(a)	$	—	$	—	$	9,171,344		9,171,344	$	739	$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Euro BTP		70		03/08/21	$	12,827	$	46,452

Short Contracts
Euro BTP Futures		1		03/08/21		183		1,492
Euro Bund Futures		53		03/08/21		11,400		(35,338	)
10-Year U.S. Treasury Note		856		03/22/21		117,299		563,024
10-Year U.S. Ultra Long Treasury Note		282		03/22/21		43,380		469,027
Long U.S. Treasury Bond		37		03/22/21		6,243		221,794
U.S. Treasury Ultra Bond		220		03/22/21		45,038		2,112,875
2-Year U.S. Treasury Notes		1,200		03/31/21		265,172		(201,036	)
5-Year U.S. Treasury Notes		384		03/31/21		48,336		(18,268	)

								3,113,570

							$	3,160,022


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	6,992,615	EUR	5,710,000	UBS AG		02/03/21	$	63,100
EUR	4,270,000	USD	5,174,465	JPMorgan Chase Bank N.A.		03/17/21		12,343
EUR	4,290,000	USD	5,209,081	Natwest Markets PLC		03/17/21		2,022
NOK	44,400,000	SEK	43,140,505	Morgan Stanley & Co. International PLC		03/17/21		18,254
SEK	43,314,065	NOK	44,400,000	Deutsche Bank AG		03/17/21		2,525
USD	5,228,142	EUR	4,290,000	Bank of America N.A.		03/17/21		17,038
USD	158,327	EUR	130,000	BNP Paribas S.A.		03/17/21		415
USD	119,368	EUR	98,000	Citibank N.A.		03/17/21		327
USD	5,196,963	EUR	4,220,000	JPMorgan Chase Bank N.A.		03/17/21		70,890
USD	5,200,663	EUR	4,270,000	JPMorgan Chase Bank N.A.		03/17/21		13,854
USD	6,752,808	EUR	5,559,000	State Street Bank and Trust Co.		03/17/21		239
USD	7,018,331	EUR	5,699,000	State Street Bank and Trust Co.		03/17/21		95,703
USD	231,900	GBP	169,000	State Street Bank and Trust Co.		03/17/21		291

								297,001

EUR	5,559,000	USD	6,746,636	State Street Bank and Trust Co.		02/03/21		(372	)
GBP	169,000	USD	231,852	State Street Bank and Trust Co.		02/03/21		(295	)
EUR	4,220,000	USD	5,182,328	JPMorgan Chase Bank N.A.		03/17/21		(56,254	)
USD	8,602,587	GBP	6,310,000	JPMorgan Chase Bank N.A.		03/17/21		(45,071	)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	125,838	GBP	92,000	State Street Bank and Trust Co.		03/17/21	$	(245	)
USD	1,308,746	GBP	960,000	State Street Bank and Trust Co.		03/17/21		(6,904	)

								(109,141	)

							$	187,860


Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
90-Day Euro Future		364		12/13/21		USD	99.75		USD	36,325	$	75,075

Put
10-Year U.S. Treasury Note		26		02/19/21		USD	137.00		USD	3,564		10,968
90-Day Euro Future		180		09/10/21		USD	99.63		USD	17,964		9,000
90-Day Euro Future		180		09/10/21		USD	99.50		USD	17,906		60,750

												80,718

											$	155,793


	Paid by the Trust			Received by the Trust				Expiration		Exercise			Notional
Description	Rate		Frequency	Rate		Frequency	Counterparty	Date		Rate			Amount (000)			Value
Call (continued)
10-Year Interest Rate Swap, 01/01/33		1.25%	Semi-Annual		3-Month LIBOR, 0.20%	Quarterly	Citibank N.A.		12/30/22		1.25	%		USD	2,180	$	(51,415	)
10-Year Interest Rate Swap, 01/11/33		1.44%	Semi-Annual		3-Month LIBOR, 0.20%	Quarterly	Barclays Bank PLC		01/09/23		1.44			USD	3,990		(126,113	)
10-Year Interest Rate Swap, 01/14/33		1.57%	Semi-Annual		3-Month LIBOR, 0.20%	Quarterly	JPMorgan Chase Bank N.A.		01/12/23		1.57			USD	2,070		(79,112	)

																	(1,106,593	)

Put
10-Year Interest Rate Swap, 08/11/31		3-Month LIBOR, 0.20%	Quarterly		0.63%	Semi-Annual	Deutsche Bank AG		08/09/21		0.63			USD	29,060		(1,704,946	)
10-Year Interest Rate Swap, 08/11/31		3-Month LIBOR, 0.20%	Quarterly		1.00%	Semi-Annual	Deutsche Bank AG		08/09/21		1.00			USD	15,580		(462,569	)
2-Year Interest Rate Swap, 08/11/23		6-Month EURIBOR, (0.53%)	Semi-Annual		(0.25%)	Annual	Barclays Bank PLC		08/09/21		(0.25	)		EUR	74,580		(10,130	)
5-Year Interest Rate Swap, 09/05/26		3-Month LIBOR, 0.20%	Quarterly		0.60%	Semi-Annual	Deutsche Bank AG		09/03/21		0.60			USD	7,880		(66,367	)
10-Year Interest Rate Swap, 10/02/31		3-Month LIBOR, 0.20%	Quarterly		1.45%	Semi-Annual	Bank of America N.A.		09/30/21		1.45			USD	4,960		(59,714	)
10-Year Interest Rate Swap, 11/06/31		3-Month LIBOR, 0.20%	Quarterly		1.15%	Semi-Annual	Goldman Sachs International		11/04/21		1.15			USD	5,628		(150,266	)
10-Year Interest Rate Swap, 01/22/32		3-Month LIBOR, 0.20%	Quarterly		1.54%	Semi-Annual	Bank of America N.A.		01/20/22		1.54			USD	21,920		(320,823	)
10-Year Interest Rate Swap, 01/29/32		3-Month LIBOR, 0.20%	Quarterly		1.25%	Semi-Annual	Bank of America N.A.		01/27/22		1.25			USD	2,790		(73,968	)
10-Year Interest Rate Swap, 01/29/32		3-Month LIBOR, 0.20%	Quarterly		1.50%	Semi-Annual	Deutsche Bank AG		01/27/22		1.50			USD	3,040		(49,115	)
10-Year Interest Rate Swap, 02/09/32		3-Month LIBOR, 0.20%	Quarterly		0.68%	Semi-Annual	Deutsche Bank AG		02/07/22		0.68			USD	7,400		(484,292	)
10-Year Interest Rate Swap, 08/10/32		3-Month LIBOR, 0.20%	Quarterly		0.72%	Semi-Annual	Deutsche Bank AG		08/08/22		0.72			USD	1,150		(84,267	)
10-Year Interest Rate Swap, 10/13/32		3-Month LIBOR, 0.20%	Quarterly		1.06%	Semi-Annual	Deutsche Bank AG		10/11/22		1.06			USD	2,145		(110,897	)
10-Year Interest Rate Swap, 12/17/32		3-Month LIBOR, 0.20%	Quarterly		1.23%	Semi-Annual	Barclays Bank PLC		12/15/22		1.23			USD	3,960		(179,658	)
10-Year Interest Rate Swap, 12/18/32		3-Month LIBOR, 0.20%	Quarterly		1.23%	Semi-Annual	Goldman Sachs International		12/16/22		1.23			USD	1,980		(89,041	)
10-Year Interest Rate Swap, 12/18/32		3-Month LIBOR, 0.20%	Quarterly		1.25%	Semi-Annual	Goldman Sachs International		12/16/22		1.24			USD	1,980		(87,634	)
10-Year Interest Rate Swap, 01/01/33		3-Month LIBOR, 0.20%	Quarterly		1.25%	Semi-Annual	Citibank N.A.		12/30/22		1.25			USD	2,180		(96,965	)
10-Year Interest Rate Swap, 01/11/33		3-Month LIBOR, 0.20%	Quarterly		1.44%	Semi-Annual	Barclays Bank PLC		01/09/23		1.44			USD	3,990		(141,004	)
10-Year Interest Rate Swap, 01/14/33		3-Month LIBOR, 0.20%	Quarterly		1.57%	Semi-Annual	JPMorgan Chase Bank N.A.		01/12/23		1.57			USD	2,070		(61,475	)

																	(4,233,131	)

																$	(5,339,724	)


Reference Obligation/Index	Financing Rate Paid by the Trust			Payment Frequency		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
CDX.NA.IG.34.V1		1.00	%		Quarterly		06/20/25	USD	5,616	$	(81,313	)	$	(80,043	)	$	(1,270	)
CDX.NA.HY.IG.35.V1		5.00			Quarterly		12/20/25	USD	8,405		(719,454	)		(535,277	)		(184,177	)
CDX.NA.IG.35.V1		1.00			Quarterly		12/20/25	USD	33,433		(744,775	)		(686,843	)		(57,932	)

										$	(1,545,542	)	$	(1,302,163	)	$	(243,379	)


Reference Obligation/Index	Financing Rate Received by the Trust			Payment Frequency		Termination Date		Credit Rating		Notional Amount (000)		Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
ITRAXX.XO.34.V1		5.00	%		Quarterly		12/20/25		B	EUR	109	$	14,550	$	15,797	$	(1,247	)


Paid by the Trust		Received by the Trust		Effective			Termination		Notional					Upfront Premium Paid			Unrealized Appreciation
Rate	Frequency	Rate	Frequency		Date	^(a)		Date	Amount (000)			Value			(Received)			(Depreciation)
0.24%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		04/06/21			12/15/22	USD	13,580	$	(16,297	)	$	190		$	(16,487	)
0.26%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		04/06/21			12/15/22	USD	23,650		(34,659	)		68			(34,727	)
0.35%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			10/01/25	USD	1,320		7,409			19			7,390
3-Month LIBOR, 0.20%	Quarterly	0.45%	Semi-Annual		N/A			11/12/25	USD	7,620		(16,002	)		119			(16,121	)
0.56%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/12/26	USD	620		(838	)		6			(844	)
3-Month LIBOR, 0.20%	Quarterly	0.48%	Semi-Annual		N/A			01/21/26	USD	5,980		(16,444	)		55			(16,499	)
0.50%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			08/19/27	USD	110		1,661			2			1,659
0.84%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		03/31/21			11/15/27	USD	6,220		(15,082	)		80			(15,162	)
3-Month LIBOR, 0.20%	Quarterly	0.71%	Semi-Annual		08/14/23			08/14/28	USD	7,735		(200,932	)		119			(201,051	)
0.80%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			10/08/30	USD	1,490		39,998			26			39,972
0.53%	Quarterly	3-Month LIBOR, 0.20%	Quarterly		N/A			10/21/30	USD	27		860			—			860
3-Month LIBOR, 0.20%	Quarterly	0.56%	Quarterly		N/A			10/21/30	USD	27		(880	)		—			(880	)
0.81%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			10/22/30	USD	870		22,284			16			22,268
0.90%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			10/27/30	USD	970		17,188			17			17,171
0.90%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			10/27/30	USD	970		17,377			17			17,360
0.88%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			11/04/30	USD	830		16,577			15			16,562
0.90%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			11/05/30	USD	1,850		34,444			34			34,410
0.95%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			11/12/30	USD	1,550		21,545			28			21,517
0.96%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			11/12/30	USD	2,140		28,392			39			28,353
0.93%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			11/16/30	USD	270		4,230			5			4,225
0.93%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/03/30	USD	650		11,284			12			11,272
0.95%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/04/30	USD	810		12,084			15			12,069
0.98%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/08/30	USD	700		8,372			13			8,359
0.96%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/11/30	USD	1,260		17,765			23			17,742
0.97%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/29/30	USD	950		13,495			17			13,478
0.95%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			12/30/30	USD	270		4,294			5			4,289
1.02%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/08/31	USD	1,390		14,104			22			14,082
1.04%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/08/31	USD	1,390		11,537			22			11,515
1.05%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/11/31	USD	400		2,648			6			2,642
1.09%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/11/31	USD	1,400		5,118			23			5,095
1.09%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/12/31	USD	1,400		4,329			23			4,306
1.10%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/12/31	USD	700		1,518			11			1,507
1.13%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/12/31	USD	700		(285	)		11			(296	)
1.13%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/13/31	USD	1,410		(264	)		23			(287	)
1.15%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/13/31	USD	705		(1,605	)		11			(1,616	)
1.18%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/14/31	USD	210		(1,228	)		3			(1,231	)
1.18%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/14/31	USD	705		(4,089	)		11			(4,100	)
1.19%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/14/31	USD	1,410		(8,656	)		23			(8,679	)
1.19%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		N/A			01/14/31	USD	705		(4,226	)		11			(4,237	)
(0.21%)	Annual	6-Month EURIBOR, (0.53%)	Semi-Annual		N/A			01/28/31	EUR	1,390		3,548			(733	)		4,281
3-Month LIBOR, 0.20%	Quarterly	1.19%	Semi-Annual		07/23/21			07/23/31	USD	950		(2,445	)		15			(2,460	)
3-Month LIBOR, 0.20%	Quarterly	1.19%	Semi-Annual		07/27/21			07/27/31	USD	680		(1,995	)		11			(2,006	)
3-Month LIBOR, 0.20%	Quarterly	1.15%	Semi-Annual		07/28/21			07/28/31	USD	725		(5,090	)		12			(5,102	)
3-Month LIBOR, 0.20%	Quarterly	1.17%	Semi-Annual		07/28/21			07/28/31	USD	725		(3,794	)		12			(3,806	)
3-Month LIBOR, 0.20%	Quarterly	1.18%	Semi-Annual		07/28/21			07/28/31	USD	970		(3,998	)		16			(4,014	)
0.86%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		10/04/21			10/04/31	USD	220		8,461			4			8,457
1.03%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		11/26/21			11/26/31	USD	710		17,420			13			17,407
3-Month LIBOR, 0.20%	Quarterly	1.28%	Semi-Annual		01/21/22			01/21/32	USD	520		(1,394	)		8			(1,402	)
0.80%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		02/08/22			02/08/32	USD	3,160		157,924			57			157,867
0.83%	Semi-Annual	3-Month LIBOR, 0.20%	Quarterly		08/15/22			08/15/32	USD	16,690		934,874			50,200			884,674
0.84%	Quarterly	3-Month LIBOR, 0.20%	Quarterly		N/A			10/21/40	USD	11		851			—			851
3-Month LIBOR, 0.20%	Quarterly	0.91%	Quarterly		N/A			10/21/40	USD	12		(832	)		—			(832	)


Reference Obligation/Index	Financing Rate Received by the Trust		Payment Frequency	Counterparty	Termination Date	Credit Rating^(a)		Notional Amount (000)	^(b)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Rolls-Royce PLC	1.00	%	Quarterly	Citibank N.A.	06/20/25	BB-	EUR	9		$	(978	)	$	(1,482	)	$	504
Rolls-Royce PLC	1.00		Quarterly	Citibank N.A.	06/20/25	BB-	EUR	21			(2,144	)		(3,261	)		1,117
GKN Holdings PLC	1.00		Quarterly	Citibank N.A.	12/20/25	BB+	EUR	20			(916	)		(1,017	)		101
Virgin Media Finance PLC	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/25	B	EUR	20			2,788			2,592			196
CMBX.NA.7	3.00		Monthly	Barclays Bank PLC	01/17/47	C	USD	10,000			(2,034,205	)		(494,750	)		(1,539,455	)
CMBX.NA.7	3.00		Monthly	Barclays Bank PLC	01/17/47	C	USD	5,000			(1,017,102	)		(247,089	)		(770,013	)
CMBX.NA.7	3.00		Monthly	Barclays Bank PLC	01/17/47	C	USD	10,000			(2,034,204	)		(244,834	)		(1,789,370	)
CMBX.NA.9	2.00		Monthly	Credit Suisse International	09/17/58	NR	USD	2,500			(68,176	)		(335,170	)		266,994
CMBX.NA.9	2.00		Monthly	Morgan Stanley & Co. International PLC	09/17/58	NR	USD	2,500			(68,177	)		(331,934	)		263,757
CMBX.NA.9	2.00		Monthly	Morgan Stanley & Co. International PLC	09/17/58	NR	USD	5,000			(136,352	)		(657,686	)		521,334
CMBX.NA.9	3.00		Monthly	Morgan Stanley & Co. International PLC	09/17/58	NR	USD	2,500			(298,521	)		(536,466	)		237,945
CMBX.NA.9	3.00		Monthly	Morgan Stanley & Co. International PLC	09/17/58	NR	USD	5,000			(597,043	)		(529,789	)		(67,254	)

										$	(6,255,030	)	$	(3,380,886	)	$	(2,874,144	)


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	122,428,313	$	2,262,715	$	124,691,028
Common Stocks
Aerospace & Defense		1,711,625		—		—		1,711,625
Building Products		987,525		—		—		987,525
Consumer Finance		—		13,951		—		13,951
Energy Equipment & Services		—		—		4,358		4,358
Machinery		829,136		—		—		829,136
Oil, Gas & Consumable Fuels		669,763		—		—		669,763
Corporate Bonds
Aerospace & Defense		—		19,076,475		—		19,076,475
Airlines		—		11,220,802		—		11,220,802
Auto Components		—		6,069,518		—		6,069,518
Automobiles		—		8,835,261		—		8,835,261
Banks		—		11,053,862		—		11,053,862
Beverages		—		10,616,919		—		10,616,919
Biotechnology		—		2,383,052		—		2,383,052
Building Materials		—		5,794,267		—		5,794,267
Building Products		—		3,310,308		—		3,310,308
Capital Markets		—		5,001,851		—		5,001,851
Chemicals		—		12,612,706		—		12,612,706
Commercial Services & Supplies		—		4,667,258		—		4,667,258
Communications Equipment		—		5,613,354		—		5,613,354
Construction & Engineering		—		721,607		—		721,607
Construction Materials		—		3,843,843		—		3,843,843
Consumer Discretionary		—		1,997,429		—		1,997,429
Consumer Finance		—		8,069,936		—		8,069,936
Containers & Packaging		—		3,237,436		—		3,237,436
Diversified Consumer Services		—		7,196,735		—		7,196,735
Diversified Financial Services		—		13,881,598		—		13,881,598
Diversified Telecommunication Services		—		23,149,989		—		23,149,989
Education		—		207,500		—		207,500
Electric Utilities		—		7,583,787		—		7,583,787
Electrical Equipment		—		692,700		—		692,700
Electronic Equipment, Instruments & Components		—		3,538,161		—		3,538,161
Energy Equipment & Services		—		3,221,703		626,194		3,847,897
Environmental, Maintenance, & Security Service		—		3,927,545		—		3,927,545
Equity Real Estate Investment Trusts (REITs)		—		11,083,434		—		11,083,434
Food & Staples Retailing		—		13,845,611		—		13,845,611
Food Products		—		5,525,310		—		5,525,310
Health Care Equipment & Supplies		—		3,076,808		—		3,076,808
Health Care Providers & Services		—		25,904,405		—		25,904,405
Health Care Technology		—		4,666,402		—		4,666,402
Hotels, Restaurants & Leisure		—		21,409,207		—		21,409,207
Household Durables		—		4,112,292		—		4,112,292


	Asset-Backed Securities			Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Non-Agency Mortgage-Backed Securities			Preferred Stocks			Warrants			Total
Assets
Opening balance,as of October 31, 2020	$	2,173,228		$	35,260		$	2,153,350		$	437,783		$	7,370,850		$	1,571,250			—	^(a)	$	13,741,721
Transfers into Level 3		—			—			—			427,392			—			—			—			427,392
Transfers out of Level 3		—			—			—			(154,878	)		—			—			—			(154,878	)
Accrued discounts/premiums		7,640			—			6,269			547			29,293			—			—			43,749
Net realized gain (loss)		—			—			—			—			175,645			—			—			175,645
Net change in unrealized appreciation (depreciation)^(b)		131,322			(30,902	)		151,739			60,878			(238,778	)		(18,750	)		—			55,509
Purchases		4,147			—			10,892			1,102,994			—			—			—			1,118,033
Sales		(53,622	)		—			(2,175	)		(8,634	)		(544,326	)		—		$	—			(608,757	)

Closing balance, as of January 31, 2021	$	2,262,715		$	4,358		$	2,320,075		$	1,866,082		$	6,792,684		$	1,552,500		$	—	^(a)	$	14,798,414

Net change in unrealized appreciation (depreciation) on investments still held at January 31, 2021^(b)	$	131,322		$	(30,902	)	$	151,738		$	60,878		$	(238,778	)	$	(18,750	)	$	—		$	55,508


Currency Abbreviation

EUR		Euro

GBP		British Pound

NOK		Norwegian Krone

SEK		Swedish Krona

USD		United States Dollar


Portfolio Abbreviation

CAB		Capital Appreciation Bonds

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

DIP		Debtor-In-Possession


Portfolio Abbreviation (continued)

EURIBOR		Euro Interbank Offered Rate

GO		General Obligation Bonds

LIBOR		London Interbank Offered Rate

MSCI		Morgan Stanley Capital International

PCL		Public Company Limited

PIK		Payment-in-Kind

PJSC		Public Joint Stock Company

RB		Revenue Bond

REIT		Real Estate Investment Trust

REMIC		Real Estate Mortgage Investment Conduit

SAB		Special Assessment Bonds