BlackRock Limited Duration Income Trust


Security		Par (000)		Value

Asset-Backed Securities
AIMCO CLO^(a)(b)
Series 2017-AA, Class CR, (3-mo. CME Term SOFR + 2.36%), 7.68%, 04/20/34	USD		1,000	$	1,000,089
Series 2018-BA, Class CRR, (3-mo. CME Term SOFR + 2.4%), 7.72%, 04/16/37			500		501,231
Allegro CLO II-S Ltd., Series 2014-1RA, Class C, (3-mo. CME Term SOFR + 3.26%), 8.58%, 10/21/28^(a)(b)			1,000		998,206
ALM Ltd., Series 2020-1A, Class D, (3-mo. CME Term SOFR + 6.26%), 11.58%, 10/15/29^(a)(b)			285		285,377
Anchorage Capital CLO Ltd.^(a)(b)
Series 2014-3RA, Class E, (3-mo. CME Term SOFR + 5.76%), 11.08%, 01/28/31			850		829,090
Series 2014-4RA, Class D, (3-mo. CME Term SOFR + 2.86%), 8.18%, 01/28/31			250		248,761
Series 2015-7A, Class D1R2, (3-mo. CME Term SOFR + 3.76%), 9.08%, 01/28/31			1,000		997,969
Apidos CLO XL Ltd., Series 2022-40A, Class E, (3-mo. CME Term SOFR + 7.69%), 13.00%, 07/15/35^(a)(b)			500		499,312
Apidos CLO XXVI, Series 2017-26A, Class A1AR, (3-mo. CME Term SOFR + 1.16%), 6.46%, 07/18/29^(a)(b)			272		272,010
Ares LXVIII CLO Ltd., Series 2023-68A, Class E, (3-mo. CME Term SOFR + 8.55%), 13.87%, 04/25/35^(a)(b)			620		630,070
Argent Securities Trust, Series 2006-W5, Class A1, (1-mo. Term SOFR + 0.41%), 5.74%, 06/25/36^(a)			3,930		2,497,749
Bain Capital Credit CLO Ltd.^(a)(b)
Series 2020-2A, Class DR, (3-mo. CME Term SOFR + 3.56%), 8.87%, 07/19/34			300		288,736
Series 2021-3A, Class D, (3-mo. CME Term SOFR + 3.36%), 8.68%, 07/24/34			250		240,334
Ballyrock CLO Ltd., Series 2020-14A, Class D, (3- mo. CME Term SOFR + 7.26%), 12.58%, 01/20/34^(a)(b)			250		251,273
Barings CLO Ltd.^(a)(b)
Series 2017-1A, Class D, (3-mo. CME Term SOFR + 3.86%), 9.16%, 07/18/29			250		252,967
Series 2018-2A, Class A2, (3-mo. CME Term SOFR + 1.81%), 7.13%, 04/15/30			700		701,743
Benefit Street Partners CLO VIII Ltd., Series 2015- 8A, Class A2R, (3-mo. CME Term SOFR + 1.71%), 7.03%, 01/20/31^(a)(b)			700		700,075
Benefit Street Partners CLO XIV Ltd., Series 2018- 14A, Class B, (3-mo. CME Term SOFR + 1.71%), 7.03%, 04/20/31^(a)(b)			500		500,004
Benefit Street Partners CLO XX Ltd., Series 2020- 20A, Class CR, (3-mo. CME Term SOFR + 2.31%), 7.63%, 07/15/34^(a)(b)			250		249,673
BlueMountain CLO XXVIII Ltd., Series 2021-28A, Class D, (3-mo. CME Term SOFR + 3.16%), 8.48%, 04/15/34^(a)(b)			500		488,318
Bryant Park Funding Ltd., Series 2024-22A, Class C, (3-mo. CME Term SOFR + 2.60%), 7.91%, 04/15/37^(a)(b)			800		800,000
CarVal CLO II Ltd., Series 2019-1A, Class CR, (3- mo. CME Term SOFR + 2.26%), 7.58%, 04/20/32^(a)(b)			250		250,208


Security		Par (000)		Value

Asset-Backed Securities (continued)
CarVal CLO III Ltd., Series 2019-2A, Class E, (3- mo. CME Term SOFR + 6.70%), 12.02%, 07/20/32^(a)(b)	USD		500	$	494,221
Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/17/34^(a)(b)			250		250,158
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class B, (3-mo. CME Term SOFR + 1.86%), 7.18%, 07/15/33^(a)(b)			500		497,715
Cedar Funding XV CLO Ltd., Series 2022-15A, Class B, (3-mo. CME Term SOFR + 1.80%), 7.12%, 04/20/35^(a)(b)			450		448,564
CIFC Funding Ltd.^(a)(b)
Series 2013-4A, Class DRR, (3-mo. CME Term SOFR + 3.06%), 8.38%, 04/27/31			250		248,432
Series 2017-1A, Class CRR, (3-mo. CME Term SOFR + 2.45%), 7.73%, 04/21/37			550		551,280
Series 2019-1A, Class DR, (3-mo. CME Term SOFR + 3.36%), 8.68%, 04/20/32			500		500,009
Series 2022-7A, Class D, (3-mo. CME Term SOFR + 5.35%), 10.67%, 10/22/35			250		253,432
Series 2022-7A, Class E, (3-mo. CME Term SOFR + 8.94%), 14.26%, 10/22/35			500		510,795
Citigroup Mortgage Loan Trust, Series 2006-FX1, Class A7, 7.28%, 10/25/36			322		179,336
Clear Creek CLO, Series 2015-1A, Class DR, (3- mo. CME Term SOFR + 3.21%), 8.53%, 10/20/30^(a)(b)			250		249,501
Countrywide Asset-Backed Certificates Trust, Series 2006-26, Class 1A, (1-mo. Term SOFR + 0.25%), 5.58%, 06/25/37^(a)			483		445,256
Dryden CLO Ltd.^(a)(b)
Series 2018-64A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.21%, 04/18/31			250		243,948
Series 2022-106A, Class E, (3-mo. CME Term SOFR + 8.87%), 14.18%, 10/15/35			500		508,285
Elmwood CLO 14 Ltd., Series 2022-1A, Class E, (3-mo. CME Term SOFR + 6.35%), 11.67%, 04/20/35^(a)(b)			585		584,659
Elmwood CLO II Ltd., Series 2019-2A, Class ER, (3-mo. CME Term SOFR + 7.06%), 12.38%, 04/20/34^(a)(b)			250		250,464
Elmwood CLO IV Ltd., Series 2020-1A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.28%, 04/15/33^(a)(b)			500		500,807
Elmwood CLO V Ltd., Series 2020-2A, Class CR, (3-mo. CME Term SOFR + 2.26%), 7.58%, 10/20/34^(a)(b)			436		438,195
Generate CLO Ltd.^(a)(b)
Series 4A, Class ER, (3-mo. CME Term SOFR + 7.01%), 12.33%, 04/20/32			1,000		999,345
Series 6A, Class DR, (3-mo. CME Term SOFR + 3.76%), 9.08%, 01/22/35			750		741,474
Golub Capital Partners CLO Ltd., Series 2021-55A, Class E, (3-mo. CME Term SOFR + 6.82%), 12.14%, 07/20/34^(a)(b)			250		248,886
LCM XIII LP, Series 13A, Class AR3, (3-mo. CME Term SOFR + 1.13%), 6.44%, 07/19/27^(a)(b)			4		4,306
Madison Park Funding LXIII Ltd., Series 2023-63A, Class E, (3-mo. CME Term SOFR + 8.57%), 13.98%, 04/21/35^(a)(b)			400		411,506


Security		Par (000)		Value

Asset-Backed Securities (continued)
Madison Park Funding XLV Ltd., Series 2020-45A, Class BR, (3-mo. CME Term SOFR + 1.96%), 7.28%, 07/15/34^(a)(b)	USD		300	$	300,316
Madison Park Funding XVII Ltd., Series 2015-17A, Class DR, (3-mo. CME Term SOFR + 3.86%), 9.18%, 07/21/30^(a)(b)			500		500,243
Madison Park Funding XVIII Ltd., Series 2015-18A, Class ARR, (3-mo. CME Term SOFR + 1.20%), 6.52%, 10/21/30^(a)(b)			487		486,881
Madison Park Funding XXIX Ltd.^(a)(b)
Series 2018-29A, Class D, (3-mo. CME Term SOFR + 3.26%), 8.56%, 10/18/30			510		511,067
Series 2018-29A, Class E, (3-mo. CME Term SOFR + 5.96%), 11.26%, 10/18/30			250		250,520
Madison Park Funding XXV Ltd., Series 2017-25A, Class A1R, (3-mo. CME Term SOFR + 1.23%), 6.56%, 04/25/29^(a)(b)			919		918,474
Madison Park Funding XXVI Ltd., Series 2007-4A, Class DR, (3-mo. LIBOR US + 3.00%), 8.58%, 07/29/30^(a)(b)			250		248,510
Madison Park Funding XXXVII Ltd., Series 2019- 37A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/15/33^(a)(b)			800		800,354
Madison Park Funding XXXVIII Ltd., Series 2021- 38A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/17/34^(a)(b)			250		250,157
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ERR, (3-mo. CME Term SOFR + 6.76%), 12.08%, 07/15/34^(a)(b)			790		787,696
Neuberger Berman Loan Advisers CLO Ltd., Series 2019-32A, Class ER, (3-mo. CME Term SOFR + 6.36%), 11.67%, 01/20/32^(a)(b)			425		424,744
Neuberger Berman Loan Advisers NBLA CLO Ltd., Series 2022-52A, Class D, (3-mo. CME Term SOFR + 5.75%), 11.07%, 10/24/35^(a)(b)			500		508,618
OCP CLO Ltd.^(a)(b)
Series 2017-14A, Class A2, (3-mo. CME Term SOFR + 1.76%), 7.08%, 11/20/30			300		299,849
Series 2019-16A, Class DR, (3-mo. CME Term SOFR + 3.41%), 8.74%, 04/10/33			250		244,469
Series 2026-11R, Class CR2, (3-mo. CME Term SOFR + 2.35%), 7.67%, 04/26/36			800		801,445
Octagon 54 Ltd., Series 2021-1A, Class D, (3-mo. CME Term SOFR + 3.31%), 8.63%, 07/15/34^(a)(b)			250		247,879
Octagon Investment Partners 31 Ltd., Series 2017- 1A, Class E, (3-mo. CME Term SOFR + 6.56%), 11.88%, 07/20/30^(a)(b)			500		495,889
Octagon Investment Partners XV Ltd., Series 2013- 1A, Class A1RR, (3-mo. CME Term SOFR + 1.23%), 6.54%, 07/19/30^(a)(b)			1,486		1,484,743
Octagon Investment Partners XVII Ltd., Series 2013- 1A, Class BR2, (3-mo. CME Term SOFR + 1.66%), 6.99%, 01/25/31^(a)(b)			250		250,033
OHA Credit Partners XIII Ltd., Series 2016-13A, Class BR, (3-mo. CME Term SOFR + 1.96%), 7.28%, 10/25/34^(a)(b)			250		250,578
OZLM VIII Ltd., Series 2014-8A, Class CRR, (3-mo. CME Term SOFR + 3.41%), 8.73%, 10/17/29^(a)(b)			250		249,557


Security		Par (000)		Value

Asset-Backed Securities (continued)
OZLM XXI Ltd., Series 2017-21A, Class D, (3-mo. CME Term SOFR + 5.80%), 11.12%, 01/20/31^(a)(b)	USD		250	$	245,797
Rad CLO Ltd., Series 2022-17A, Class E, (3-mo. CME Term SOFR + 8.30%), 13.62%, 10/20/35^(a)(b)			250		253,866
Regatta IX Funding Ltd., Series 2022-1A, Class D, (3-mo. CME Term SOFR + 4.16%), 9.48%, 04/17/30^(a)(b)			500		500,763
Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3-mo. CME Term SOFR + 1.71%), 7.03%, 01/15/34^(a)(b)			300		299,730
Regatta XXIV Funding Ltd., Series 2021-5A, Class D, (3-mo. CME Term SOFR + 3.36%), 8.68%, 01/20/35^(a)(b)			250		248,585
Regatta XXV Funding Ltd., Series 2025, Class E, (3-mo. CME Term SOFR + 8.41%), 13.72%, 07/15/36^(a)(b)			500		510,970
Regional Management Issuance Trust,
Series 2021-3, Class A, 3.88%, 10/17/33^(c)			980		893,074
Rockford Tower CLO Ltd., Series 2017-2A, Class DR, (3-mo. CME Term SOFR + 3.11%), 8.43%, 10/15/29^(a)(b)			500		499,796
RRX Ltd., Series 2021-5A, Class A2, (3-mo. CME Term SOFR + 2.06%), 7.38%, 07/15/34^(a)(b)			250		251,187
Sterling COOFS Trust^(b)(c)
Series 2004-1, Class A, 2.36%, 04/15/29			607		6,068
Series 2004-2, Class Note, 2.08%, 03/30/30			564		5,644
Symphony CLO XXXII Ltd., Series 2022-32A, Class B, (3-mo. CME Term SOFR + 1.85%), 7.17%, 04/23/35^(a)(b)			300		299,606
TCI-Flatiron CLO Ltd., Series 18-1A, Class BR, (3-mo. CME Term SOFR + 1.66%), 6.98%, 01/29/32^(a)(b)			600		599,489
Trimaran CAVU Ltd.^(a)(b)
Series 2021-1A, Class D, (3-mo. CME Term SOFR + 3.71%), 9.03%, 04/23/32			250		246,499
Series 2021-2A, Class D1, (3-mo. CME Term SOFR + 3.51%), 8.84%, 10/25/34			500		494,156
Unique Pub Finance Co. PLC, Series 02-1, Class A4, 5.66%, 06/30/27^(d)	GBP		29		36,291
Voya CLO Ltd.^(a)(b)
Series 2019-3A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.23%, 10/17/32	USD		500		499,667
Series 2022-4, Class E, (3-mo. CME Term SOFR + 7.50%), 12.82%, 10/20/33			350		352,091
Whitebox CLO II Ltd., Series 2020-2A, Class DR, (3-mo. CME Term SOFR + 3.61%), 8.93%, 10/24/34^(a)(b)			500		496,431
Whitebox CLO III Ltd., Series 2021-3A, Class D, (3-mo. CME Term SOFR + 3.61%), 8.93%, 10/15/34^(a)(b)			250		248,119


Total Asset-Backed Securities — 8.0% (Cost: $40,291,306)					40,343,620


		Shares

Common Stocks

Construction & Engineering — 0.0%
McDermott International Ltd.^(e)			47,837		9,567


Security		Shares		Value

Energy Equipment & Services — 0.0%
Project Investor Holdings LLC, (Acquired 02/12/19, Cost: $0)^(c)(e)(f)			2,869	$	—


Entertainment — 0.1%
Learfield Communications LLC, (Acquired 09/06/23, Cost: $36,292)^(c)(e)(f)			2,888		135,736


Financial Services^(e)— 0.1%
NMG Parent LLC			1,330		123,025
Travelport Finance Luxembourg SARL^(c)			90		288,192


					411,217

Health Care Providers & Services — 0.0%
Envision Healthcare Corp., (Acquired 11/03/23, Cost: $382,692)^(e)(f)			12,321		104,729


Household Products — 0.0%
Berkline Benchcraft Equity LLC^(c)(e)			3,155		—


Industrial Conglomerates — 0.0%
Ameriforge Group, Inc.^(e)			801		8


Oil, Gas & Consumable Fuels — 0.0%
Kcad Holdings I Ltd.^(c)(e)			546,753,936		5,468


Trading Companies & Distributors — 0.0%
TMK Hawk Parent Corp.^(c)(e)			10,062		83,013


Total Common Stocks — 0.2% (Cost: $7,713,317)					749,738


		Par (000)

Corporate Bonds

Aerospace & Defense — 2.9%
AAR Escrow Issuer LLC, 6.75%, 03/15/29^(b)(g)	USD		274		276,108
Bombardier, Inc.^(b)
7.13%, 06/15/26^(g)			924		937,299
7.88%, 04/15/27^(g)			104		104,073
6.00%, 02/15/28^(g)			539		530,201
7.50%, 02/01/29			40		41,189
8.75%, 11/15/30^(g)			463		494,380
7.25%, 07/01/31^(h)			294		294,599
7.45%, 05/01/34			100		110,908
Castlelake Aviation Finance DAC, 5.00%, 04/15/27^(b)			34		32,747
Embraer Netherlands Finance BV, 7.00%, 07/28/30^(b)(g)			387		403,815
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(b)(g)			423		420,851
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(i)			240		226,348
Northrop Grumman Corp., 3.85%, 04/15/45^(g)			600		482,837
Spirit AeroSystems, Inc.^(b)(g)
9.38%, 11/30/29			481		524,668
9.75%, 11/15/30			418		467,561
TransDigm, Inc.^(b)(g)
6.75%, 08/15/28			2,096		2,123,663
6.38%, 03/01/29			2,554		2,561,951
7.13%, 12/01/31			829		854,332
6.63%, 03/01/32			2,579		2,605,540


Security		Par (000)		Value

Aerospace & Defense (continued)
Triumph Group, Inc., 9.00%, 03/15/28^(b)(g)	USD		961	$	1,013,117
Wesco Aircraft Holdings, Inc., 9.00%, 11/15/26^(b)(e)(j)			662		165,500


					14,671,687

Air Freight & Logistics — 0.0%
Rand Parent LLC, 8.50%, 02/15/30^(b)			27		26,737


Automobile Components — 1.1%
Aptiv PLC, 4.40%, 10/01/46^(g)			240		189,625
Clarios Global LP, 6.75%, 05/15/25^(b)(g)			528		528,470
Clarios Global LP/Clarios U.S. Finance Co.
4.38%, 05/15/26^(d)	EUR		200		214,115
8.50%, 05/15/27^(b)(g)	USD		2,599		2,602,931
6.75%, 05/15/28^(b)(g)			886		898,074
Dana Financing Luxembourg SARL, 8.50%, 07/15/31^(d)	EUR		100		118,737
Forvia SE, 3.75%, 06/15/28^(d)			100		104,648
Goodyear Tire & Rubber Co.
5.00%, 07/15/29^(g)	USD		104		97,097
5.63%, 04/30/33			109		99,548
Phinia, Inc., 6.75%, 04/15/29^(b)(h)			151		152,456
Schaeffler AG, 4.75%, 08/14/29^(d)	EUR		100		109,541
Tenneco, Inc., 8.00%, 11/17/28^(b)	USD		125		114,055
ZF Finance GmbH, 2.00%, 05/06/27^(d)	EUR		100		100,333


					5,329,630

Automobiles — 0.8%
Asbury Automotive Group, Inc.
4.50%, 03/01/28	USD		146		139,005
4.75%, 03/01/30			124		114,200
5.00%, 02/15/32^(b)			130		117,785
Aston Martin Capital Holdings Ltd.
10.00%, 03/31/29^(b)			200		203,634
10.38%, 03/31/29^(d)	GBP		100		128,397
Carvana Co.^(b)(i)
(12.00% PIK), 12.00%, 12/01/28	USD		92		89,952
(13.00% PIK), 13.00%, 06/01/30			136		132,631
(14.00% PIK), 14.00%, 06/01/31			213		214,494
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(b)			174		173,204
Ford Motor Co., 6.10%, 08/19/32^(g)			199		201,650
General Motors Financial Co., Inc., 6.00%, 01/09/28^(g)			1,000		1,025,145
Ken Garff Automotive LLC, 4.88%, 09/15/28^(b)			122		112,837
LCM Investments Holdings II LLC^(b)(g)
4.88%, 05/01/29			349		320,777
8.25%, 08/01/31			365		381,847
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(b)			260		243,849
TML Holdings Pte. Ltd., 4.35%, 06/09/26^(d)(g)			200		191,938
Wabash National Corp., 4.50%, 10/15/28^(b)(g)			220		201,748


					3,993,093

Banks — 1.0%
Alpha Bank SA, (1-year EUR Swap + 2.43%), 5.00%, 05/12/30^(a)(d)	EUR		100		108,266
Banca Monte dei Paschi di Siena SpA, (3-mo. EURIBOR + 2.05%), 4.75%, 03/15/29^(a)(d)			100		108,694
Banco BPM SpA^(a)(d)
(3-mo. EURIBOR + 2.80%), 6.00%, 06/14/28			150		170,515
(5-year EUR Swap + 3.17%), 2.88%, 06/29/31			100		103,300
Banco Espirito Santo SA^(e)(j)
4.75%, 01/15/18			100		30,208
4.00%, 01/21/19			100		30,208


Security		Par (000)		Value

Banks (continued)
Bangkok Bank PCL/Hong Kong, (5-year CMT + 4.73%), 5.00%^(a)(d)(g)(k)	USD		501	$	487,222
Barclays Bank PLC, 1.00%, 02/16/29^(l)			359		384,978
Barclays PLC, 5.20%, 05/12/26^(g)			200		197,940
Citigroup, Inc., (1-day SOFR + 2.66%), 6.17%, 05/25/34^(a)(g)			127		128,967
Credit Suisse AG/New York, 5.00%, 07/09/27^(g)			1,200		1,189,064
Deutsche Bank AG/New York, (1-day SOFR + 3.18%), 6.72%, 01/18/29^(a)(g)			1,100		1,137,579
Freedom Mortgage Corp.^(b)
12.00%, 10/01/28			103		112,271
12.25%, 10/01/30			103		113,278
HSBC Holdings PLC, 4.38%, 11/23/26^(g)			395		385,999
Intesa Sanpaolo SpA, 5.71%, 01/15/26^(b)			200		198,261
National Bank of Greece SA, (5-year EURIBOR ICE Swap + 3.15%), 5.88%, 06/28/35^(a)(d)	EUR		100		108,721
State Street Corp., Series I, (5-year CMT + 2.61%), 6.70%^(a)(k)	USD		269		272,960


					5,268,431

Beverages — 0.1%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(g)			800		760,248


Biotechnology — 0.0%
Cidron Aida Finco SARL, 5.00%, 04/01/28^(d)	EUR		100		104,514


Broadline Retail^(b)— 0.1%
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(g)	USD		123		120,450
Rakuten Group, Inc., 11.25%, 02/15/27			214		226,731


					347,181

Building Products^(b)— 1.1%
Advanced Drainage Systems, Inc.^(g)
5.00%, 09/30/27			306		296,852
6.38%, 06/15/30			412		414,132
Builders FirstSource, Inc., 6.38%, 03/01/34			195		195,805
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28^(g)			241		247,568
Foundation Building Materials, Inc., 6.00%, 03/01/29			83		76,325
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			87		86,417
SRS Distribution, Inc.^(g)
4.63%, 07/01/28			492		495,597
6.13%, 07/01/29			634		646,522
6.00%, 12/01/29			875		893,819
White Cap Buyer LLC, 6.88%, 10/15/28^(g)			1,660		1,628,208
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26^(g)(i)			368		367,642


					5,348,887

Capital Markets — 0.8%
Apollo Debt Solutions BDC, 6.90%, 04/13/29^(b)			215		217,041
Ares Capital Corp., 5.88%, 03/01/29			115		114,656
Aretec Group, Inc., 10.00%, 08/15/30^(b)			90		98,305
Blackstone Private Credit Fund
7.05%, 09/29/25			79		80,179
3.25%, 03/15/27			75		69,219
6.25%, 01/25/31^(b)			161		161,673
Blue Owl Capital Corp., 3.40%, 07/15/26			15		14,132
Blue Owl Capital Corp. II, 8.45%, 11/15/26^(b)			150		154,497
Blue Owl Credit Income Corp.
3.13%, 09/23/26			7		6,422


Security		Par (000)		Value

Capital Markets (continued)
Blue Owl Credit Income Corp. (continued)
7.75%, 09/16/27^(g)	USD		302	$	309,381
6.65%, 03/15/31^(b)(g)			270		263,478
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)(g)			214		203,328
HPS Corporate Lending Fund, 6.75%, 01/30/29^(b)			180		179,670
Icahn Enterprises LP/Icahn Enterprises Finance Corp.^(g)
6.25%, 05/15/26			418		403,506
5.25%, 05/15/27			849		767,276
9.75%, 01/15/29^(b)			298		311,053
4.38%, 02/01/29			211		179,897
JPMorgan Chase Financial Co. LLC, 0.50%, 06/15/27^(g)(l)			300		331,500
Oaktree Strategic Credit Fund, 8.40%, 11/14/28^(b)			168		178,203


					4,043,416

Chemicals — 1.5%
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31^(b)(g)			273		283,977
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)(g)			447		400,005
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)(g)			170		164,082
Chemours Co.
5.38%, 05/15/27			194		185,981
5.75%, 11/15/28^(b)			155		142,925
4.63%, 11/15/29^(b)			236		203,448
Element Solutions, Inc., 3.88%, 09/01/28^(b)(g)			1,508		1,383,363
HB Fuller Co., 4.25%, 10/15/28			110		101,929
Herens Holdco SARL, 4.75%, 05/15/28^(b)(g)			412		359,557
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)(g)			352		347,247
INEOS Finance PLC, 6.38%, 04/15/29^(d)	EUR		100		107,889
INEOS Quattro Finance 2 PLC, Series APR, 8.50%, 03/15/29^(d)(h)			100		112,470
Ingevity Corp., 3.88%, 11/01/28^(b)	USD		84		75,866
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26^(b)(i)			272		231,837
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29^(b)(g)			133		119,758
Minerals Technologies, Inc., 5.00%, 07/01/28^(b)			169		161,589
Olympus Water U.S. Holding Corp.
9.63%, 11/15/28^(d)	EUR		100		115,550
9.75%, 11/15/28^(b)(g)	USD		738		786,130
Scotts Miracle-Gro Co.
4.50%, 10/15/29			104		94,119
4.38%, 02/01/32			41		35,348
SK Invictus Intermediate II SARL, 5.00%, 10/30/29^(b)(g)			460		410,028
WR Grace Holdings LLC^(b)(g)
4.88%, 06/15/27			122		115,947
5.63%, 08/15/29			1,306		1,168,726
7.38%, 03/01/31			216		218,714


					7,326,485

Commercial Services & Supplies — 3.2%
ADT Security Corp.^(b)
4.13%, 08/01/29			27		24,737
4.88%, 07/15/32			148		133,962
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26^(b)			200		198,173
Allied Universal Holdco LLC, 7.88%, 02/15/31^(b)(g)			970		982,413


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)(g)
6.63%, 07/15/26	USD		714	$	713,531
9.75%, 07/15/27			676		678,031
6.00%, 06/01/29			1,356		1,166,735
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL
4.63%, 06/01/28^(b)(g)			1,963		1,787,451
4.88%, 06/01/28^(d)	GBP		100		113,625
APi Group DE, Inc.^(b)
4.13%, 07/15/29	USD		132		118,930
4.75%, 10/15/29			100		92,163
APX Group, Inc., 5.75%, 07/15/29^(b)			268		257,682
Aramark Services, Inc., 5.00%, 02/01/28^(b)(g)			525		506,716
Champions Financing, Inc., 8.75%, 02/15/29^(b)(g)			344		360,391
Fortress Transportation and Infrastructure Investors LLC^(b)(g)
6.50%, 10/01/25			663		662,007
9.75%, 08/01/27			372		385,183
5.50%, 05/01/28			724		701,497
7.88%, 12/01/30			734		770,782
Garda World Security Corp.^(b)
4.63%, 02/15/27^(g)			326		312,371
9.50%, 11/01/27			121		121,291
7.75%, 02/15/28^(g)			617		632,727
6.00%, 06/01/29			108		96,665
Herc Holdings, Inc., 5.50%, 07/15/27^(b)(g)			670		658,067
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26^(b)			91		90,153
Mavis Tire Express Services Topco Corp., 6.50%, 05/15/29^(b)(g)			125		118,886
Neptune Bidco U.S., Inc., 9.29%, 04/15/29^(b)(g)			349		330,005
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)(g)			239		226,118
Paprec Holding SA, 7.25%, 11/17/29^(d)	EUR		100		114,908
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)
5.25%, 04/15/24	USD		19		18,965
5.75%, 04/15/26^(g)			518		516,489
6.25%, 01/15/28^(g)			232		227,262
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(b)(g)			653		548,855
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25^(d)	EUR		100		105,758
United Rentals North America, Inc.^(b)
6.00%, 12/15/29^(g)	USD		1,151		1,158,627
6.13%, 03/15/34			176		176,219
Verisure Holding AB, 9.25%, 10/15/27^(d)	EUR		100		115,302
Williams Scotsman, Inc.^(b)
6.13%, 06/15/25^(g)	USD		183		182,149
4.63%, 08/15/28			121		114,438
7.38%, 10/01/31^(g)			376		390,797


					15,910,061

Communications Equipment^(b)— 0.3%
CommScope Technologies LLC, 6.00%, 06/15/25^(g)			383		333,095
CommScope, Inc.^(g)
6.00%, 03/01/26			301		275,415
4.75%, 09/01/29			172		123,840
Viasat, Inc.
5.63%, 09/15/25^(g)			336		327,535


Security		Par (000)		Value

Communications Equipment (continued)
Viasat, Inc. (continued)
5.63%, 04/15/27^(g)	USD		499	$	472,528
7.50%, 05/30/31			52		37,679
Viavi Solutions, Inc., 3.75%, 10/01/29^(g)			116		99,527


					1,669,619

Construction & Engineering — 0.5%
Arcosa, Inc., 4.38%, 04/15/29^(b)(g)			374		344,654
Brand Industrial Services, Inc., 10.38%, 08/01/30^(b)(g)			1,576		1,706,277
Dycom Industries, Inc., 4.50%, 04/15/29^(b)			119		111,238
Kier Group PLC, 9.00%, 02/15/29^(d)	GBP		100		128,698
Pike Corp., 8.63%, 01/31/31^(b)	USD		89		94,577


					2,385,444

Construction Materials — 1.5%
BCPE Empire Holdings, Inc., 7.63%, 05/01/27^(b)(g)			414		404,267
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
6.38%, 12/15/30^(b)	EUR		160		181,212
6.38%, 12/15/30^(d)			100		113,258
6.63%, 12/15/30^(b)(g)	USD		2,990		3,018,683
HT Troplast GmbH, 9.38%, 07/15/28^(d)	EUR		100		112,858
James Hardie International Finance DAC, 5.00%, 01/15/28^(b)	USD		200		194,849
Jeld-Wen, Inc., 4.63%, 12/15/25^(b)(g)			280		273,220
Masonite International Corp., 5.38%, 02/01/28^(b)(g)			101		101,136
New Enterprise Stone & Lime Co., Inc.^(b)
5.25%, 07/15/28			81		77,597
9.75%, 07/15/28			205		209,730
Resideo Funding, Inc., 4.00%, 09/01/29^(b)			59		52,754
Smyrna Ready Mix Concrete LLC^(b)(g)
6.00%, 11/01/28			523		511,158
8.88%, 11/15/31			730		780,290
Standard Industries, Inc.^(b)
5.00%, 02/15/27			209		202,736
4.75%, 01/15/28			80		76,351
4.38%, 07/15/30^(g)			673		604,721
3.38%, 01/15/31^(g)			353		295,978
Summit Materials LLC/Summit Materials Finance Corp.^(b)
5.25%, 01/15/29			92		89,648
7.25%, 01/15/31^(g)			466		484,354


					7,784,800

Consumer Finance — 2.1%
Block, Inc.^(g)
2.75%, 06/01/26			698		656,458
3.50%, 06/01/31			1,111		966,953
Bread Financial Holdings, Inc., 9.75%, 03/15/29^(b)			139		144,654
Capital One Financial Corp., (1-day SOFR + 2.60%), 5.82%, 02/01/34^(a)(g)			440		439,330
Equifax, Inc., 2.60%, 12/15/25			59		56,330
Ford Motor Credit Co. LLC
5.13%, 06/16/25			200		198,211
7.35%, 03/06/30^(g)			394		420,066
7.20%, 06/10/30^(g)			200		212,274
Global Payments, Inc., 1.50%, 03/01/31^(b)(g)(l)			541		571,837
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31^(b)(g)			1,000		1,046,813
Navient Corp.
5.50%, 03/15/29^(g)			211		196,461
9.38%, 07/25/30			200		213,956


Security		Par (000)			Value

Consumer Finance (continued)
OneMain Finance Corp.
6.88%, 03/15/25^(g)	USD		247		$	249,583
7.13%, 03/15/26^(g)			312			317,662
3.50%, 01/15/27^(g)			304			282,203
6.63%, 01/15/28^(g)			240			240,771
9.00%, 01/15/29^(g)			314			333,189
5.38%, 11/15/29^(g)			105			98,722
7.88%, 03/15/30^(g)			403			415,723
4.00%, 09/15/30			206			176,304
Sabre GLBL, Inc.^(b)
8.63%, 06/01/27^(g)			618			542,309
11.25%, 12/15/27			26			24,401
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)(g)			550			531,767
Shift4 Payments, Inc., 0.00%, 12/15/25^(l)(m)			174			186,180
Verscend Escrow Corp., 9.75%, 08/15/26^(b)(g)			1,817			1,822,104
Worldline SA/France, 0.00%, 07/30/26^(d)(l)(m)	EUR		111			108,695


						10,452,956

Consumer Staples Distribution & Retail — 0.9%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(b)
3.25%, 03/15/26^(g)	USD		530			505,419
7.50%, 03/15/26			107			108,886
4.63%, 01/15/27^(g)			477			461,638
5.88%, 02/15/28^(g)			320			316,813
6.50%, 02/15/28			152			153,613
3.50%, 03/15/29			142			127,457
4.88%, 02/15/30^(g)			214			203,606
Bellis Acquisition Co. PLC, 3.25%, 02/16/26^(d)	GBP		100			119,004
Lamb Weston Holdings, Inc.^(b)(g)
4.88%, 05/15/28	USD		257			249,788
4.13%, 01/31/30			312			284,483
4.38%, 01/31/32			390			349,719
Market Bidco Finco PLC, 5.50%, 11/04/27^(d)	GBP		100			114,919
Performance Food Group, Inc., 4.25%, 08/01/29^(b)(g)	USD		306			280,422
Post Holdings, Inc.^(b)
4.63%, 04/15/30^(g)			118			108,325
4.50%, 09/15/31			32			28,784
6.25%, 02/15/32^(g)			272			273,982
U.S. Foods, Inc.^(b)
6.88%, 09/15/28			142			145,359
4.75%, 02/15/29^(g)			335			318,000
4.63%, 06/01/30			39			36,180
7.25%, 01/15/32^(g)			234			243,531
United Natural Foods, Inc., 6.75%, 10/15/28^(b)			34			28,240
Walgreens Boots Alliance, Inc.
3.20%, 04/15/30^(g)			30			26,074
4.80%, 11/18/44			97			81,593
4.10%, 04/15/50			147			107,791


						4,673,626

Containers & Packaging — 1.8%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(i)			—	⁽ⁿ⁾		—
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC^(b)
6.00%, 06/15/27^(g)			400			388,307
3.25%, 09/01/28			200			172,764
4.00%, 09/01/29^(g)			1,200			967,262


Security		Par (000)		Value

Containers & Packaging (continued)
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 04/30/25^(b)(g)	USD		600	$	579,618
2.13%, 08/15/26^(d)	EUR		200		185,562
4.13%, 08/15/26^(b)(g)	USD		400		361,886
5.25%, 08/15/27^(b)			202		127,260
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(b)(g)			211		201,267
Clydesdale Acquisition Holdings, Inc.^(b)(g)
6.63%, 04/15/29			340		339,727
8.75%, 04/15/30			741		728,062
Crown Americas LLC, 5.25%, 04/01/30			23		22,175
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			196		189,878
Graham Packaging Co., Inc., 7.13%, 08/15/28^(b)			60		54,402
Graphic Packaging International LLC, 3.50%, 03/15/28^(b)			9		8,309
LABL, Inc.^(b)
6.75%, 07/15/26			70		69,155
5.88%, 11/01/28^(g)			220		202,313
9.50%, 11/01/28^(g)			439		444,073
Mauser Packaging Solutions Holding Co.^(b)
7.88%, 08/15/26^(g)			3,316		3,378,178
9.25%, 04/15/27			61		60,514
OI European Group BV, 6.25%, 05/15/28^(b)	EUR		115		129,288
Owens-Brockway Glass Container, Inc.^(b)
6.63%, 05/13/27	USD		39		39,022
7.25%, 05/15/31^(g)			171		174,164
Sealed Air Corp., 5.00%, 04/15/29^(b)			59		56,632
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28^(b)			83		83,172
Trident TPI Holdings, Inc., 12.75%, 12/31/28^(b)			22		23,473


					8,986,463

Diversified Consumer Services — 0.5%
Service Corp. International
5.13%, 06/01/29^(g)			238		231,583
3.38%, 08/15/30			263		227,770
4.00%, 05/15/31^(g)			370		327,804
Sotheby’s, 7.38%, 10/15/27^(b)(g)			1,046		973,911
Wand NewCo 3, Inc., 7.63%, 01/30/32^(b)(g)			610		630,878


					2,391,946

Diversified REITs — 0.8%
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)			108		92,414
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32^(g)			353		297,165
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, 06/15/27^(b)			205		213,753
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(b)(g)			257		234,711
MPT Operating Partnership LP/MPT Finance Corp.
2.50%, 03/24/26	GBP		339		365,037
5.25%, 08/01/26	USD		20		18,309
5.00%, 10/15/27			44		36,850
4.63%, 08/01/29			185		141,982
3.50%, 03/15/31^(g)			880		604,225
SBA Communications Corp.
3.13%, 02/01/29^(g)			812		716,595
3.88%, 02/15/27			62		58,967
Ventas Realty LP, 4.13%, 01/15/26^(g)			650		634,817


Security		Par (000)		Value

Diversified REITs (continued)
VICI Properties LP/VICI Note Co., Inc.^(b)
4.63%, 06/15/25	USD		75	$	73,850
4.63%, 12/01/29^(g)			230		217,517
4.13%, 08/15/30^(g)			237		215,506


					3,921,698

Diversified Telecommunication Services — 3.7%
AT&T, Inc., 4.30%, 02/15/30^(g)			1,350		1,297,444
Cablevision Lightpath LLC^(b)
3.88%, 09/15/27			200		179,577
5.63%, 09/15/28^(g)			400		333,807
Cellnex Telecom SA, 2.13%, 08/11/30^(d)(l)	EUR		100		110,442
Frontier Communications Holdings LLC^(b)(g)
5.88%, 10/15/27	USD		314		303,995
5.00%, 05/01/28			753		698,944
8.75%, 05/15/30			1,336		1,367,025
8.63%, 03/15/31			371		378,913
Iliad Holding SASU^(b)(g)
6.50%, 10/15/26			1,423		1,409,671
7.00%, 10/15/28			343		339,471
Kaixo Bondco Telecom SA, 5.13%, 09/30/29^(d)	EUR		100		104,320
Level 3 Financing, Inc.^(b)
10.50%, 04/15/29	USD		1,006		1,026,120
4.88%, 06/15/29			1,044		696,870
11.00%, 11/15/29			970		1,009,335
10.50%, 05/15/30			1,244		1,271,990
3.88%, 10/15/30			99		58,410
Lumen Technologies, Inc.^(b)
4.13%, 04/15/29			201		126,646
4.13%, 04/15/30			201		124,636
Network i2i Ltd., (5-year CMT + 4.27%), 5.65%^(a)(d)(k)			300		297,281
Sable International Finance Ltd., 5.75%, 09/07/27^(b)(g)			200		192,118
SoftBank Group Corp., 3.88%, 07/06/32^(d)	EUR		200		193,114
Telecom Italia Capital SA
6.38%, 11/15/33	USD		133		125,827
6.00%, 09/30/34^(g)			547		500,316
7.20%, 07/18/36			177		172,769
7.72%, 06/04/38			33		33,056
Telecom Italia SpA/Milano
5.30%, 05/30/24^(b)			200		198,912
7.88%, 07/31/28^(d)	EUR		171		202,242
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28^(b)(g)	USD		1,446		1,499,109
Verizon Communications, Inc., 3.70%, 03/22/61^(g)			1,000		731,181
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28^(b)			120		111,068
Zayo Group Holdings, Inc.^(b)(g)
4.00%, 03/01/27			3,813		3,138,644
6.13%, 03/01/28			567		396,769


					18,630,022

Electric Utilities — 0.8%
Black Hills Corp., 3.15%, 01/15/27^(g)			305		288,031
Edison International, Series A, (5-year CMT + 4.70%), 5.38%^(a)(k)			31		29,998
EnBW Energie Baden-Wuerttemberg AG, (5-year EURIBOR ICE Swap + 2.66%), 5.25%, 01/23/84^(a)(d)	EUR		100		110,286
Enel Finance International NV, 3.63%, 05/25/27^(b)(g)	USD		900		858,056
FirstEnergy Corp.
4.00%, 05/01/26^(b)(g)(l)			431		428,414


Security		Par (000)		Value

Electric Utilities (continued)
FirstEnergy Corp. (continued)
2.65%, 03/01/30	USD		51	$	43,841
Mong Duong Finance Holdings BV, 5.13%, 05/07/29^(d)			231		220,197
NextEra Energy Operating Partners LP^(b)
4.25%, 07/15/24			170		168,503
4.25%, 09/15/24			9		8,685
3.88%, 10/15/26			66		61,553
7.25%, 01/15/29			167		170,868
Pacific Gas and Electric Co., 6.95%, 03/15/34^(g)			136		148,888
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)(g)			302		281,508
PG&E Corp., 4.25%, 12/01/27^(b)(g)(l)			432		433,944
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33^(d)			162		162,971
Talen Energy Supply LLC, 8.63%, 06/01/30^(b)			134		143,293
Texas Competitive Electric Holdings, Series M, 5.03%, 10/10/19^(c)(e)(j)			780		—
TransAlta Corp., 7.75%, 11/15/29			109		113,304
Vistra Operations Co. LLC^(b)
7.75%, 10/15/31^(g)			366		383,304
6.95%, 10/15/33			210		224,146


					4,279,790

Electrical Equipment — 0.2%
Nexans SA, 4.25%, 03/11/30^(d)	EUR		100		108,424
WESCO Distribution, Inc.^(b)
7.25%, 06/15/28^(g)	USD		516		526,804
6.38%, 03/15/29			223		225,293
6.63%, 03/15/32			224		227,626


					1,088,147

Electronic Equipment, Instruments & Components^(b)— 0.3%
Coherent Corp., 5.00%, 12/15/29^(g)			374		352,250
Imola Merger Corp., 4.75%, 05/15/29^(g)			419		392,876
Sensata Technologies BV, 4.00%, 04/15/29			168		153,399
Sensata Technologies, Inc.
4.38%, 02/15/30^(g)			630		573,391
3.75%, 02/15/31			54		46,710


					1,518,626

Energy Equipment & Services — 0.9%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)(g)
6.88%, 04/01/27			304		304,923
6.25%, 04/01/28			729		721,300
Borr IHC Ltd./Borr Finance LLC^(b)
10.00%, 11/15/28^(g)			269		279,760
10.38%, 11/15/30			200		208,000
Halliburton Co., 3.80%, 11/15/25^(g)			3		2,932
Kodiak Gas Services LLC, 7.25%, 02/15/29^(b)(g)			519		528,647
Oceaneering International, Inc., 6.00%, 02/01/28			71		69,951
Patterson-UTI Energy, Inc., 7.15%, 10/01/33			100		107,504
Seadrill Finance Ltd., 8.38%, 08/01/30^(b)			200		209,838
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26^(g)			420		419,517
6.88%, 09/01/27^(g)			447		448,063
7.13%, 03/15/29^(b)			420		425,232
Vallourec SACA, 8.50%, 06/30/26^(d)	EUR		34		37,002
Weatherford International Ltd.^(b)
6.50%, 09/15/28	USD		139		143,363
8.63%, 04/30/30^(g)			412		430,115


					4,336,147


Security		Par (000)		Value

Entertainment^(b)— 0.1%
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29	USD		232	$	177,489
Live Nation Entertainment, Inc.
4.88%, 11/01/24			31		30,792
4.75%, 10/15/27^(g)			288		274,990
3.75%, 01/15/28^(g)			196		181,329


					664,600

Environmental, Maintenance & Security Service — 1.0%
Clean Harbors, Inc.^(b)
4.88%, 07/15/27^(g)			250		242,500
5.13%, 07/15/29^(g)			129		124,000
6.38%, 02/01/31			66		66,485
Covanta Holding Corp.
4.88%, 12/01/29^(b)			142		127,268
5.00%, 09/01/30			70		61,690
GFL Environmental, Inc.^(b)
4.25%, 06/01/25			20		19,673
3.75%, 08/01/25^(g)			312		303,873
5.13%, 12/15/26^(g)			243		238,751
4.00%, 08/01/28^(g)			431		397,243
3.50%, 09/01/28			198		181,367
4.75%, 06/15/29^(g)			378		355,486
4.38%, 08/15/29^(g)			317		292,043
6.75%, 01/15/31^(g)			676		692,774
Republic Services, Inc., 3.38%, 11/15/27^(g)			750		712,836
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)(g)			1,297		1,277,387


					5,093,376

Financial Services — 1.2%
ASG Finance Designated Activity Co., 7.88%, 12/03/24^(b)			200		196,624
Freedom Mortgage Holdings LLC, 9.25%, 02/01/29^(b)			60		61,407
GGAM Finance Ltd.^(b)
7.75%, 05/15/26			45		45,927
8.00%, 02/15/27^(g)			376		388,227
8.00%, 06/15/28			150		156,649
6.88%, 04/15/29^(h)			260		260,975
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28^(b)(g)			325		298,866
Macquarie Airfinance Holdings Ltd.^(b)
6.40%, 03/26/29			60		60,949
8.13%, 03/30/29			310		327,863
6.50%, 03/26/31			150		152,675
MGIC Investment Corp., 5.25%, 08/15/28^(g)			167		162,223
Nationstar Mortgage Holdings, Inc.^(b)
5.00%, 02/01/26^(g)			1,456		1,424,848
6.00%, 01/15/27^(g)			147		144,914
5.13%, 12/15/30^(g)			198		179,642
5.75%, 11/15/31			147		135,586
7.13%, 02/01/32^(g)			754		748,836
PennyMac Financial Services, Inc., 7.88%, 12/15/29^(b)(g)			280		287,713
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.^(b)
2.88%, 10/15/26^(g)			872		805,661
3.88%, 03/01/31^(g)			170		148,104
4.00%, 10/15/33			81		68,614


					6,056,303

Food Products — 0.5%
Aramark International Finance SARL, 3.13%, 04/01/25^(d)	EUR		138		146,999


Security		Par (000)		Value

Food Products (continued)
Chobani LLC/Chobani Finance Corp., Inc.^(b)(g)
4.63%, 11/15/28	USD		608	$	566,983
7.63%, 07/01/29			1,160		1,175,950
Darling Global Finance BV, 3.63%, 05/15/26^(d)	EUR		120		127,520
Darling Ingredients, Inc., 6.00%, 06/15/30^(b)(g)	USD		434		430,095
Fiesta Purchaser, Inc., 7.88%, 03/01/31^(b)			147		151,807
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(b)			129		113,999


					2,713,353

Gas Utilities^(b)— 0.1%
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28^(g)			298		308,582
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31			91		82,963


					391,545

Ground Transportation — 0.9%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.00%, 02/15/31^(b)			235		234,618
GN Bondco LLC, 9.50%, 10/15/31^(b)(g)			320		319,428
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34^(b)(g)			1,310		1,300,033
RXO, Inc., 7.50%, 11/15/27^(b)(g)			68		69,785
Uber Technologies, Inc.
0.00%, 12/15/25^(l)(m)			156		175,110
8.00%, 11/01/26^(b)(g)			114		115,372
7.50%, 09/15/27^(b)(g)			255		261,122
6.25%, 01/15/28^(b)(g)			272		273,112
4.50%, 08/15/29^(b)(g)			886		840,652
Series 2028, 0.88%, 12/01/28^(b)(l)			498		616,026
Union Pacific Corp., 3.20%, 05/20/41^(g)			600		467,521


					4,672,779

Health Care Equipment & Supplies — 1.0%
Avantor Funding, Inc.
2.63%, 11/01/25^(d)	EUR		100		105,188
4.63%, 07/15/28^(b)(g)	USD		675		639,640
3.88%, 11/01/29^(b)			209		188,401
Bausch & Lomb Escrow Corp., 8.38%, 10/01/28^(b)(g)			1,461		1,511,638
Medline Borrower LP^(b)(g)
3.88%, 04/01/29			688		626,222
5.25%, 10/01/29			1,503		1,420,588
Neogen Food Safety Corp., 8.63%, 07/20/30^(b)			199		214,374
Teleflex, Inc.
4.63%, 11/15/27			80		76,943
4.25%, 06/01/28^(b)(g)			331		310,597


					5,093,591

Health Care Providers & Services — 3.0%
Acadia Healthcare Co., Inc., 5.50%, 07/01/28^(b)			115		111,951
AHP Health Partners, Inc., 5.75%, 07/15/29^(b)(g)			345		313,950
Catalent Pharma Solutions, Inc.^(b)
5.00%, 07/15/27^(g)			627		617,419
3.13%, 02/15/29^(g)			389		371,720
3.50%, 04/01/30			154		146,671
Charles River Laboratories International, Inc.^(b)
4.25%, 05/01/28			159		149,959
4.00%, 03/15/31			42		37,529
CHS/Community Health Systems, Inc.^(b)(g)
5.63%, 03/15/27			292		268,757
6.00%, 01/15/29			631		551,240
5.25%, 05/15/30			750		611,559


Security		Par (000)		Value

Health Care Providers & Services (continued)
CHS/Community Health Systems, Inc.^(b)(g)(continued)
4.75%, 02/15/31	USD		567	$	437,580
Elevance Health, Inc., 3.65%, 12/01/27^(g)			1,000		956,673
Encompass Health Corp.
4.50%, 02/01/28			15		14,286
4.75%, 02/01/30^(g)			299		280,150
4.63%, 04/01/31^(g)			237		215,481
Ephios Subco 3 SARL, 7.88%, 01/31/31^(d)	EUR		100		113,167
Fortrea Holdings, Inc., 7.50%, 07/01/30^(b)(g)	USD		196		202,328
HCA, Inc., 5.50%, 06/15/47^(g)			650		617,908
HealthEquity, Inc., 4.50%, 10/01/29^(b)(g)			782		721,503
IQVIA, Inc.
5.00%, 10/15/26^(b)(g)			263		257,342
5.00%, 05/15/27^(b)(g)			437		426,698
6.25%, 02/01/29^(g)			116		120,446
6.50%, 05/15/30^(b)			211		215,329
Legacy LifePoint Health LLC, 4.38%, 02/15/27^(b)(g)			253		241,088
LifePoint Health, Inc.^(b)(g)
9.88%, 08/15/30			285		298,122
11.00%, 10/15/30			457		488,438
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 04/01/29^(b)			431		432,930
ModivCare, Inc., 5.88%, 11/15/25^(b)(g)			401		390,515
Molina Healthcare, Inc.^(b)
4.38%, 06/15/28			46		43,241
3.88%, 11/15/30			80		71,126
3.88%, 05/15/32^(g)			141		122,772
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(b)			48		47,746
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)			88		88,118
Star Parent, Inc., 9.00%, 10/01/30^(b)(g)			886		937,659
Surgery Center Holdings, Inc.^(b)
6.75%, 07/01/25^(g)			305		305,030
10.00%, 04/15/27^(g)			621		622,144
7.25%, 04/15/32^(h)			625		629,854
Tenet Healthcare Corp.
4.63%, 06/15/28			81		77,127
6.13%, 06/15/30^(g)			250		249,426
6.75%, 05/15/31^(b)(g)			896		912,334
UnitedHealth Group, Inc., 3.75%, 07/15/25^(g)			1,470		1,445,481


					15,162,797

Health Care REITs — 0.2%
Healthpeak OP LLC, 2.88%, 01/15/31^(g)			1,000		858,561


Health Care Technology — 0.4%
AthenaHealth Group, Inc., 6.50%, 02/15/30^(b)(g)			2,163		1,978,320


Hotel & Resort REITs^(g)— 0.7%
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27			751		723,071
7.25%, 07/15/28^(b)			327		336,749
4.50%, 02/15/29^(b)			302		281,993
6.50%, 04/01/32^(b)			784		786,646
Service Properties Trust
7.50%, 09/15/25			165		167,224
8.63%, 11/15/31^(b)			1,184		1,262,662


					3,558,345

Hotels, Restaurants & Leisure — 5.7%
Boyd Gaming Corp.^(g)
4.75%, 12/01/27			133		128,124
4.75%, 06/15/31^(b)			366		336,335


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Boyne USA, Inc., 4.75%, 05/15/29^(b)(g)	USD		363	$	336,491
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b)
3.88%, 01/15/28^(g)			208		195,481
4.38%, 01/15/28^(g)			134		126,755
4.00%, 10/15/30			212		188,892
Caesars Entertainment, Inc.^(b)(g)
8.13%, 07/01/27			1,703		1,744,146
4.63%, 10/15/29			154		140,428
7.00%, 02/15/30			1,619		1,661,879
6.50%, 02/15/32			676		681,953
Carnival Corp.
7.63%, 03/01/26^(b)(g)			152		153,787
7.63%, 03/01/26^(d)	EUR		100		109,959
5.75%, 03/01/27^(b)(g)	USD		806		797,727
4.00%, 08/01/28^(b)(g)			357		330,775
6.00%, 05/01/29^(b)(g)			884		872,251
7.00%, 08/15/29^(b)			166		173,136
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28^(b)(g)			2,621		2,859,141
Churchill Downs, Inc.^(b)
5.50%, 04/01/27^(g)			695		682,169
4.75%, 01/15/28			137		130,419
5.75%, 04/01/30^(g)			929		896,765
6.75%, 05/01/31^(g)			389		391,173
Cirsa Finance International SARL, (3-mo. EURIBOR + 4.50%), 8.41%, 07/31/28^(a)(d)	EUR		100		109,773
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.^(b)
4.63%, 01/15/29^(g)	USD		570		522,676
6.75%, 01/15/30			136		122,116
Hilton Domestic Operating Co., Inc.
3.75%, 05/01/29^(b)(g)			146		133,938
4.88%, 01/15/30^(g)			537		514,876
4.00%, 05/01/31^(b)(g)			189		168,922
3.63%, 02/15/32^(b)			4		3,444
6.13%, 04/01/32^(b)			202		202,859
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow Esc, 6.63%, 01/15/32^(b)			232		232,937
Life Time, Inc.^(b)(g)
5.75%, 01/15/26			340		337,242
8.00%, 04/15/26			257		260,104
Light & Wonder International, Inc.^(b)
7.00%, 05/15/28			174		175,282
7.25%, 11/15/29^(g)			51		52,355
7.50%, 09/01/31			207		215,260
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28^(b)(g)			246		260,135
Lindblad Expeditions LLC, 6.75%, 02/15/27^(b)(g)			305		307,359
Lottomatica SpA/Roma, (3-mo. EURIBOR + 4.00%), 7.94%, 12/15/30^(a)(d)	EUR		100		109,234
Melco Resorts Finance Ltd.
4.88%, 06/06/25^(b)(g)	USD		400		390,000
5.38%, 12/04/29^(b)(g)			800		728,152
5.38%, 12/04/29^(d)			250		227,548
Merlin Entertainments Group US Holdings, Inc., 7.38%, 02/15/31^(b)(g)			298		300,244
Merlin Entertainments Ltd., 5.75%, 06/15/26^(b)(g)			600		594,430
MGM China Holdings Ltd.^(g)
5.88%, 05/15/26^(d)			250		246,562


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
MGM China Holdings Ltd.^(g)(continued)
4.75%, 02/01/27^(b)	USD		200	$	190,111
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(b)			146		135,190
NCL Corp. Ltd.^(b)
5.88%, 03/15/26^(g)			333		328,721
8.38%, 02/01/28^(g)			132		139,435
8.13%, 01/15/29			121		128,040
7.75%, 02/15/29			77		79,947
NCL Finance Ltd., 6.13%, 03/15/28^(b)(g)			261		257,742
Ontario Gaming GTA LP, 8.00%, 08/01/30^(b)			161		165,826
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.^(b)
5.63%, 09/01/29			116		88,558
5.88%, 09/01/31			116		84,803
Raising Cane’s Restaurants LLC, 9.38%, 05/01/29^(b)			141		152,384
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26^(b)			177		170,259
Royal Caribbean Cruises Ltd.^(b)
4.25%, 07/01/26			72		69,483
5.38%, 07/15/27^(g)			134		132,110
5.50%, 04/01/28^(g)			118		116,632
8.25%, 01/15/29			191		202,021
9.25%, 01/15/29^(g)			190		203,787
7.25%, 01/15/30^(g)			243		252,473
6.25%, 03/15/32^(g)			334		336,659
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, 03/01/30^(b)(g)			232		224,285
Six Flags Entertainment Corp., 7.25%, 05/15/31^(b)(g)			911		922,942
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)			185		185,267
Station Casinos LLC^(b)
4.63%, 12/01/31^(g)			277		248,966
6.63%, 03/15/32			209		211,125
TUI AG, 5.88%, 03/15/29^(d)	EUR		100		109,443
Vail Resorts, Inc., 6.25%, 05/15/25^(b)	USD		137		137,036
Viking Cruises Ltd.^(b)
5.88%, 09/15/27^(g)			236		231,543
7.00%, 02/15/29			51		51,221
9.13%, 07/15/31^(g)			729		797,243
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(b)			162		157,655
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(b)			158		146,880
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)(g)			192		188,048
Wynn Macau Ltd.
5.50%, 01/15/26^(d)(g)			347		336,913
5.50%, 01/15/26^(b)			200		194,186
5.63%, 08/26/28^(b)(g)			600		568,125
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(b)(g)
5.13%, 10/01/29			773		732,302
7.13%, 02/15/31			533		551,600
Yum! Brands, Inc., 4.75%, 01/15/30^(b)			167		158,394


					28,540,589

Household Durables — 0.5%
Ashton Woods USA LLC/Ashton Woods Finance Co.^(b) 4.63%, 04/01/30			145		132,482


Security		Par (000)		Value

Household Durables (continued)
Ashton Woods USA LLC/Ashton Woods Finance Co.^(b)(continued)
Series B, 4.63%, 08/01/29	USD		100	$	92,241
Beazer Homes USA, Inc., 7.50%, 03/15/31^(b)			88		88,872
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC^(b)
5.00%, 06/15/29			208		188,683
4.88%, 02/15/30^(g)			364		326,482
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)(g)			193		191,223
Dream Finders Homes, Inc., 8.25%, 08/15/28^(b)			115		120,049
LGI Homes, Inc., 8.75%, 12/15/28^(b)			89		93,907
Mattamy Group Corp., 4.63%, 03/01/30^(b)(g)			199		180,541
New Home Co., Inc.^(b)
8.25%, 10/15/27			18		17,928
9.25%, 10/01/29^(h)			224		225,120
STL Holding Co. LLC, 8.75%, 02/15/29^(b)			120		123,155
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)(g)			671		496,239
Taylor Morrison Communities, Inc., 5.13%, 08/01/30^(b)			54		51,568
Tempur Sealy International, Inc.^(b)
4.00%, 04/15/29			204		185,132
3.88%, 10/15/31			48		40,762
Tri Pointe Group, Inc./Tri Pointe Homes, Inc., 5.88%, 06/15/24			11		10,978
Tri Pointe Homes, Inc., 5.25%, 06/01/27			15		14,651


					2,580,013

Household Products — 0.1%
Berkline Benchcraft LLC, 4.50%, 05/03/12^(c)(e)(j)			200		—
Central Garden & Pet Co.
5.13%, 02/01/28			15		14,543
4.13%, 10/15/30^(g)			194		174,037
Spectrum Brands, Inc.^(b)
5.00%, 10/01/29			141		138,186
5.50%, 07/15/30			154		150,831
3.88%, 03/15/31			70		67,429


					545,026

Independent Power and Renewable Electricity Producers — 0.7%
Alexander Funding Trust II, 7.47%, 07/31/28^(b)			170		179,741
Calpine Corp.^(b)
5.25%, 06/01/26			221		218,713
5.13%, 03/15/28^(g)			1,060		1,017,328
4.63%, 02/01/29^(g)			106		98,105
5.00%, 02/01/31			91		83,474
Clearway Energy Operating LLC^(b)(g)
4.75%, 03/15/28			336		319,382
3.75%, 01/15/32			307		258,090
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26^(d)			200		194,520
NextEra Energy Partners LP^(b)(l)
0.00%, 11/15/25^(m)			199		176,613
2.50%, 06/15/26			199		179,091
NRG Energy, Inc.^(g)
6.63%, 01/15/27			720		720,359
7.00%, 03/15/33^(b)			205		218,746


					3,664,162

Insurance — 5.0%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)(g)
4.25%, 10/15/27			1,317		1,239,902
6.75%, 10/15/27			2,327		2,292,616
6.75%, 04/15/28			529		532,734
5.88%, 11/01/29			1,040		966,148


Security		Par (000)		Value

Insurance (continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)(g)(continued)
7.00%, 01/15/31	USD		1,045	$	1,055,470
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25^(g)			360		351,210
AmWINS Group, Inc.^(b)
6.38%, 02/15/29			138		138,745
4.88%, 06/30/29^(g)			197		183,876
Ardonagh Finco Ltd.
6.88%, 02/15/31^(d)	EUR		100		106,267
7.75%, 02/15/31^(b)(g)	USD		695		691,863
Ardonagh Group Finance Ltd., 8.88%, 02/15/32^(b)(g)			621		613,127
AssuredPartners, Inc., 7.50%, 02/15/32^(b)(g)			382		375,374
FWD Group Holdings Ltd., 8.40%, 04/05/29^(b)(h)			220		227,700
Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC^(b)(g)
7.25%, 02/15/31			1,710		1,716,458
8.13%, 02/15/32			748		754,348
HUB International Ltd.^(b)(g)
7.25%, 06/15/30			3,388		3,481,838
7.38%, 01/31/32			4,009		4,035,798
Jones Deslauriers Insurance Management, Inc.^(b)(g)
8.50%, 03/15/30			543		566,012
10.50%, 12/15/30			256		270,139
NFP Corp.^(b)
4.88%, 08/15/28^(g)			519		520,175
6.88%, 08/15/28^(g)			1,283		1,299,375
7.50%, 10/01/30^(g)			105		110,618
8.50%, 10/01/31			211		232,218
Panther Escrow Issuer LLC, 7.13%, 06/01/31^(b)(h)			2,844		2,891,523
Ryan Specialty LLC, 4.38%, 02/01/30^(b)			125		116,828
USI, Inc./New York, 7.50%, 01/15/32^(b)(g)			465		465,857


					25,236,219

Interactive Media & Services — 0.2%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(b)(g)			403		366,182
iliad SA^(d)
5.38%, 06/14/27	EUR		100		109,901
5.63%, 02/15/30			100		110,733
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27^(b)(g)	USD		279		285,301


					872,117

Internet Software & Services^(b)— 0.3%
Go Daddy Operating Co. LLC/GD Finance Co., Inc.
5.25%, 12/01/27^(g)			303		296,325
3.50%, 03/01/29			204		183,988
Lyft, Inc., 0.63%, 03/01/29^(l)			160		186,899
Match Group Holdings II LLC
4.63%, 06/01/28			157		148,163
5.63%, 02/15/29^(g)			177		171,559
4.13%, 08/01/30			198		176,169
3.63%, 10/01/31^(g)			153		130,012


					1,293,115

IT Services — 0.9%
CA Magnum Holdings, 5.38%, 10/31/26^(b)(g)			382		366,720
Camelot Finance SA, 4.50%, 11/01/26^(b)(g)			624		600,386
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., 8.00%, 06/15/29^(b)(g)			582		603,322
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29^(b)(g)			578		590,026


Security		Par (000)		Value

IT Services (continued)
Engineering - Ingegneria Informatica - SpA, 11.13%, 05/15/28^(d)	EUR		100	$	115,976
Fair Isaac Corp., 4.00%, 06/15/28^(b)(g)	USD		450		420,325
KBR, Inc., 4.75%, 09/30/28^(b)			235		216,095
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)			47		45,587
Science Applications International Corp., 4.88%, 04/01/28^(b)(g)			289		275,958
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(b)			47		46,924
Twilio, Inc.
3.63%, 03/15/29			142		127,718
3.88%, 03/15/31^(g)			319		278,484
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)(g)			676		608,518


					4,296,039

Leisure Products — 0.1%
Acushnet Co., 7.38%, 10/15/28^(b)			87		90,156
Amer Sports Co., 6.75%, 02/16/31^(b)(g)			295		292,733
Mattel, Inc., 6.20%, 10/01/40^(g)			126		125,838


					508,727

Machinery — 1.6%
ATS Corp., 4.13%, 12/15/28^(b)			108		98,993
Chart Industries, Inc.^(b)
7.50%, 01/01/30^(g)			675		700,951
9.50%, 01/01/31			136		148,101
Esab Corp., 6.25%, 04/15/29^(b)(h)			266		267,246
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28^(b)(g)			145		107,633
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(b)(i)			240		240,404
Husky Injection Molding Systems Ltd./Titan Co- Borrower LLC, 9.00%, 02/15/29^(b)(g)			771		797,305
Loxam SAS, 6.38%, 05/31/29^(d)	EUR		100		112,124
Madison IAQ LLC, 5.88%, 06/30/29^(b)(g)	USD		836		764,839
OT Merger Corp., 7.88%, 10/15/29^(b)			115		82,117
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(b)			122		111,706
Terex Corp., 5.00%, 05/15/29^(b)(g)			333		314,381
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26^(b)(g)			928		926,896
TK Elevator Holdco GmbH
6.63%, 07/15/28^(d)	EUR		129		134,335
7.63%, 07/15/28^(b)(g)	USD		400		392,172
TK Elevator Midco GmbH, 4.38%, 07/15/27^(d)	EUR		311		322,528
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27^(b)(g)	USD		1,833		1,770,842
Vertiv Group Corp., 4.13%, 11/15/28^(b)(g)			992		922,998


					8,215,571

Marine Transportation — 0.0%
Danaos Corp., 8.50%, 03/01/28^(b)			100		102,050


Media — 5.9%
Altice Financing SA^(b)(g)
9.63%, 07/15/27			554		529,894
5.75%, 08/15/29			724		580,099
Cable One, Inc.
0.00%, 03/15/26^(l)(m)			88		76,648
1.13%, 03/15/28^(g)(l)			620		465,372
4.00%, 11/15/30^(b)(g)			231		180,279
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)
5.13%, 05/01/27^(g)			565		538,316
5.00%, 02/01/28^(g)			701		652,564
5.38%, 06/01/29			57		52,181


Security		Par (000)		Value

Media (continued)
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)(continued)
6.38%, 09/01/29^(g)	USD		734	$	696,333
4.75%, 03/01/30^(g)			246		211,226
4.25%, 02/01/31^(g)			707		577,371
7.38%, 03/01/31^(g)			1,773		1,738,751
4.75%, 02/01/32^(g)			168		137,109
4.25%, 01/15/34^(g)			346		261,179
Charter Communications Operating LLC/Charter Communications Operating Capital^(g)
4.91%, 07/23/25			2,425		2,395,487
5.38%, 05/01/47			425		342,450
Clear Channel Outdoor Holdings, Inc.^(b)(g)
5.13%, 08/15/27			653		615,541
7.75%, 04/15/28			330		289,014
9.00%, 09/15/28			1,891		1,969,694
7.50%, 06/01/29			671		554,945
7.88%, 04/01/30			657		653,160
CMG Media Corp., 8.88%, 12/15/27^(b)(g)			315		208,754
CSC Holdings LLC^(b)(g)
5.50%, 04/15/27			200		178,943
11.25%, 05/15/28			1,475		1,461,641
11.75%, 01/31/29			1,735		1,737,706
4.13%, 12/01/30			330		235,967
4.50%, 11/15/31			269		190,443
Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27^(b)(g)			783		740,746
Discovery Communications LLC, 3.45%, 03/15/25^(g)			170		166,361
DISH DBS Corp.^(b)
5.25%, 12/01/26			1,090		858,275
5.75%, 12/01/28			71		48,795
DISH Network Corp., 11.75%, 11/15/27^(b)			916		935,173
GCI LLC, 4.75%, 10/15/28^(b)			107		98,109
Gray Television, Inc.^(b)(g)
5.88%, 07/15/26			242		235,680
7.00%, 05/15/27			402		373,873
Hughes Satellite Systems Corp., 5.25%, 08/01/26			114		94,878
Interpublic Group of Cos., Inc., 5.40%, 10/01/48^(g)			200		187,706
Lamar Media Corp., 4.00%, 02/15/30			40		36,354
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)(g)			560		525,570
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(b)			177		168,001
Nexstar Media, Inc., 5.63%, 07/15/27^(b)			79		75,786
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27^(g)			558		537,053
4.25%, 01/15/29^(g)			310		280,853
4.63%, 03/15/30			107		95,961
7.38%, 02/15/31^(g)			295		308,990
Pinewood Finco PLC, 6.00%, 03/27/30^(d)(h)	GBP		100		126,215
Radiate Holdco LLC/Radiate Finance, Inc.^(b)
4.50%, 09/15/26	USD		894		710,867
6.50%, 09/15/28			863		411,596
Sirius XM Radio, Inc.^(b)
3.13%, 09/01/26^(g)			535		501,148
5.00%, 08/01/27^(g)			860		827,391
4.00%, 07/15/28			97		88,743
Stagwell Global LLC, 5.63%, 08/15/29^(b)(g)			101		91,719


Security		Par (000)		Value

Media (continued)
Sunrise FinCo I BV, 4.88%, 07/15/31^(b)(g)	USD		449	$	400,723
TEGNA, Inc., 4.75%, 03/15/26^(b)			45		44,118
Tele Columbus AG, (10.00% PIK), 10.00%, 03/19/29^(d)(i)	EUR		100		74,009
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28^(b)	USD		200		187,846
Univision Communications, Inc.^(b)
6.63%, 06/01/27			376		367,741
8.00%, 08/15/28^(g)			1,061		1,080,905
7.38%, 06/30/30^(g)			174		172,058
Videotron Ltd., 3.63%, 06/15/29^(b)			84		75,926
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)(g)			754		691,781
VZ Secured Financing BV, 3.50%, 01/15/32^(d)	EUR		100		94,490
Ziggo Bond Co. BV^(b)
6.00%, 01/15/27^(g)	USD		199		196,129
5.13%, 02/28/30			225		192,690
Ziggo BV, 4.88%, 01/15/30^(b)			200		179,547


					29,814,873

Metals & Mining — 2.2%
ABJA Investment Co. Pte. Ltd., 5.95%, 07/31/24^(d)			250		249,070
Amsted Industries, Inc., 5.63%, 07/01/27^(b)			156		153,657
Arsenal AIC Parent LLC^(b)
8.00%, 10/01/30			186		195,279
11.50%, 10/01/31^(g)			846		942,244
ATI, Inc.
5.88%, 12/01/27^(g)			171		168,375
4.88%, 10/01/29			101		95,041
7.25%, 08/15/30^(g)			525		542,652
5.13%, 10/01/31^(g)			273		252,912
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)(g)			1,109		1,115,237
Carpenter Technology Corp.
6.38%, 07/15/28			36		35,939
7.63%, 03/15/30^(g)			367		378,616
Constellium SE
4.25%, 02/15/26^(d)	EUR		100		107,457
5.88%, 02/15/26^(b)(g)	USD		588		583,880
5.63%, 06/15/28^(b)(g)			500		486,082
3.75%, 04/15/29^(b)(g)			756		680,172
First Quantum Minerals Ltd., 9.38%, 03/01/29^(b)(g)			450		466,821
JSW Steel Ltd., 5.95%, 04/18/24^(d)			200		199,820
Kaiser Aluminum Corp.^(b)(g)
4.63%, 03/01/28			212		198,927
4.50%, 06/01/31			613		542,339
New Gold, Inc., 7.50%, 07/15/27^(b)(g)			631		632,426
Novelis Corp.^(b)(g)
3.25%, 11/15/26			868		808,785
4.75%, 01/30/30			988		911,551
3.88%, 08/15/31			1,030		884,776
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29^(d)	EUR		200		202,845
Samarco Mineracao SA, (9.50% PIK), 9.50%, 06/30/31^(d)(i)	USD		26		23,400
Vedanta Resources Finance II PLC, 13.88%, 01/21/27^(d)			94		88,536


					10,946,839

Mortgage Real Estate Investment Trusts (REITs)^(b)— 0.1%
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
5.25%, 10/01/25			43		42,235


Security		Par (000)		Value

Mortgage Real Estate Investment Trusts (REITs) (continued)
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. (continued)
4.25%, 02/01/27	USD		170	$	159,049
4.75%, 06/15/29			67		60,905
Starwood Property Trust, Inc., 7.25%, 04/01/29			171		172,361


					434,550

Office REITs — 0.1%
Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50^(g)			450		346,333
Highwoods Realty LP, 7.65%, 02/01/34			55		59,984


					406,317

Oil, Gas & Consumable Fuels — 9.2%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)(g)			604		610,970
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)
5.75%, 03/01/27^(g)			298		294,269
5.75%, 01/15/28			59		58,091
5.38%, 06/15/29			206		198,102
6.63%, 02/01/32^(g)			291		292,270
Apache Corp., 5.35%, 07/01/49			26		21,978
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
9.00%, 11/01/27^(g)			418		526,074
8.25%, 12/31/28^(g)			804		825,936
Series B, 5.88%, 06/30/29			134		127,760
Baytex Energy Corp., 8.50%, 04/30/30^(b)			193		201,528
Buckeye Partners LP
4.13%, 03/01/25^(b)(g)			262		255,989
5.85%, 11/15/43			145		123,537
5.60%, 10/15/44			86		68,733
Callon Petroleum Co.
6.38%, 07/01/26			162		163,722
8.00%, 08/01/28^(b)(g)			528		551,728
7.50%, 06/15/30^(b)(g)			394		416,655
Chesapeake Energy Corp.^(b)
5.88%, 02/01/29			41		40,663
6.75%, 04/15/29^(g)			283		286,032
CITGO Petroleum Corp., 8.38%, 01/15/29^(b)(g)			509		534,776
Civitas Resources, Inc.^(b)(g)
8.38%, 07/01/28			650		684,263
8.63%, 11/01/30			283		303,879
8.75%, 07/01/31			725		775,793
CNX Midstream Partners LP, 4.75%, 04/15/30^(b)			96		85,562
CNX Resources Corp., 7.38%, 01/15/31^(b)			97		98,788
Comstock Resources, Inc.^(b)(g)
6.75%, 03/01/29			509		485,404
5.88%, 01/15/30			595		538,837
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(b)(g)			1,617		1,528,253
Crescent Energy Finance LLC^(b)(g)
9.25%, 02/15/28			597		630,364
7.63%, 04/01/32			601		605,631
Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%, 10/01/30^(b)			221		233,245
DT Midstream, Inc.^(b)(g)
4.13%, 06/15/29			328		301,541
4.38%, 06/15/31			418		378,551
Ecopetrol SA, 8.88%, 01/13/33			122		128,160


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Enbridge, Inc.^(a)
(3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78^(g)	USD		1,565	$	1,523,185
(5-year CMT + 4.43%), 8.50%, 01/15/84			194		210,788
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28^(b)(g)			386		389,129
Energean Israel Finance Ltd., 8.50%, 09/30/33^(b)(d)			38		37,712
Energy Transfer LP^(g)
3.90%, 07/15/26			235		227,878
(5-year CMT + 4.02%), 8.00%, 05/15/54^(a)			573		601,003
Series H, (5-year CMT + 5.69%), 6.50%^(a)(k)			456		446,945
EnLink Midstream LLC^(g)
5.63%, 01/15/28^(b)			310		307,048
5.38%, 06/01/29			253		248,386
6.50%, 09/01/30^(b)			189		194,448
EnLink Midstream Partners LP, 5.60%, 04/01/44			205		182,522
EQM Midstream Partners LP
6.00%, 07/01/25^(b)			94		94,119
4.13%, 12/01/26			100		96,158
4.50%, 01/15/29^(b)			21		19,690
6.38%, 04/01/29^(b)(g)			343		345,519
7.50%, 06/01/30^(b)			84		89,791
4.75%, 01/15/31^(b)(g)			506		470,557
FTAI Infra Escrow Holdings LLC, 10.50%, 06/01/27^(b)			69		71,892
Genesis Energy LP/Genesis Energy Finance Corp.
7.75%, 02/01/28^(g)			182		182,937
8.25%, 01/15/29			327		335,697
8.88%, 04/15/30			213		222,958
Harvest Midstream I LP, 7.50%, 09/01/28^(b)			60		60,836
Hess Corp., 4.30%, 04/01/27			50		49,026
Hess Midstream Operations LP, 4.25%, 02/15/30^(b)(g)			189		173,674
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)
6.25%, 11/01/28			145		144,842
5.75%, 02/01/29			212		206,496
6.00%, 04/15/30			21		20,561
8.38%, 11/01/33^(g)			618		670,033
Howard Midstream Energy Partners LLC, 8.88%, 07/15/28^(b)(g)			263		277,521
HPCL-Mittal Energy Ltd., 5.45%, 10/22/26^(d)			200		194,750
Impulsora Pipeline LLC, 6.05%, 01/01/43^(c)			1,306		1,103,393
ITT Holdings LLC, 6.50%, 08/01/29^(b)(g)			343		313,022
Kinetik Holdings LP^(b)
6.63%, 12/15/28			92		93,633
5.88%, 06/15/30^(g)			220		215,188
Leviathan Bond Ltd., 6.75%, 06/30/30^(b)(d)			15		14,150
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26^(b)			32		31,478
Matador Resources Co.^(b)
6.88%, 04/15/28^(g)			326		333,522
6.50%, 04/15/32^(h)			303		303,367
Medco Bell Pte. Ltd., 6.38%, 01/30/27^(d)			250		243,516
MPLX LP, 4.25%, 12/01/27^(g)			185		179,922
Murphy Oil Corp., 5.88%, 12/01/42			29		26,021
Nabors Industries Ltd.^(b)
7.25%, 01/15/26			92		91,430
7.50%, 01/15/28			234		219,473
Nabors Industries, Inc.^(b)
7.38%, 05/15/27			25		24,954
9.13%, 01/31/30^(g)			187		194,416


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
New Fortress Energy, Inc.^(b)(g)
6.75%, 09/15/25	USD		308	$	305,901
8.75%, 03/15/29			811		807,908
NGL Energy Operating LLC/NGL Energy Finance Corp.^(b)(g)
8.13%, 02/15/29			512		524,381
8.38%, 02/15/32			1,035		1,060,986
Noble Finance II LLC, 8.00%, 04/15/30^(b)(g)			310		322,911
Northern Oil & Gas, Inc.
8.13%, 03/01/28^(b)(g)			1,139		1,156,072
3.63%, 04/15/29^(l)			152		185,060
8.75%, 06/15/31^(b)(g)			314		331,572
NuStar Logistics LP, 6.00%, 06/01/26			163		162,272
PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30^(b)			222		230,273
Permian Resources Operating LLC^(b)(g)
8.00%, 04/15/27			272		280,143
5.88%, 07/01/29			411		404,154
9.88%, 07/15/31			309		344,319
7.00%, 01/15/32			329		341,309
Petroleos Mexicanos
4.25%, 01/15/25			37		35,954
6.50%, 03/13/27			85		79,901
8.75%, 06/02/29			130		126,578
5.95%, 01/28/31^(g)			158		126,621
6.70%, 02/16/32			48		39,960
Prairie Acquiror LP, 9.00%, 08/01/29^(b)			192		197,653
Precision Drilling Corp., 6.88%, 01/15/29^(b)			12		11,978
Rockcliff Energy II LLC, 5.50%, 10/15/29^(b)(g)			331		309,757
Rockies Express Pipeline LLC, 4.95%, 07/15/29^(b)			51		47,664
Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28^(b)(g)			389		402,343
SM Energy Co.
6.75%, 09/15/26^(g)			202		202,202
6.50%, 07/15/28			99		99,424
Southwestern Energy Co.
5.70%, 01/23/25			18		17,916
5.38%, 02/01/29^(g)			252		244,751
4.75%, 02/01/32			5		4,603
Sunoco LP/Sunoco Finance Corp.
5.88%, 03/15/28			124		122,814
7.00%, 09/15/28^(b)			33		33,718
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(b)
6.00%, 03/01/27			41		40,361
5.50%, 01/15/28			108		104,056
7.38%, 02/15/29^(g)			471		473,815
6.00%, 12/31/30			3		2,850
6.00%, 09/01/31			131		122,256
Talos Production, Inc.^(b)
9.00%, 02/01/29			184		195,402
9.38%, 02/01/31			154		164,173
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28^(g)			280		269,742
Transocean Aquila Ltd., 8.00%, 09/30/28^(b)			129		132,406
Transocean Titan Financing Ltd., 8.38%, 02/01/28^(b)(g)			175		182,124
Transocean, Inc.^(b)(g)
7.50%, 01/15/26			664		659,843
11.50%, 01/30/27			569		593,023
8.00%, 02/01/27			396		393,058
8.75%, 02/15/30			875		912,133


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Valaris Ltd., 8.38%, 04/30/30^(b)(g)	USD		825	$	851,015
Venture Global Calcasieu Pass LLC^(b)
3.88%, 08/15/29^(g)			802		721,918
4.13%, 08/15/31			9		8,003
3.88%, 11/01/33^(g)			636		540,347
Venture Global LNG, Inc.^(b)(g)
8.13%, 06/01/28			799		815,129
9.50%, 02/01/29			2,117		2,281,836
8.38%, 06/01/31			1,395		1,438,620
9.88%, 02/01/32			1,290		1,390,290
Vermilion Energy, Inc., 6.88%, 05/01/30^(b)			159		155,247
Vital Energy, Inc.
10.13%, 01/15/28^(g)			272		285,438
9.75%, 10/15/30^(g)			327		357,590
7.88%, 04/15/32^(b)			498		505,902
Western Midstream Operating LP, 5.25%, 02/01/50^(g)			134		119,866


					46,138,211

Passenger Airlines^(b)— 0.6%
Air Canada, 3.88%, 08/15/26^(g)			464		442,851
American Airlines, Inc., 8.50%, 05/15/29^(g)			482		509,212
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26			146		145,372
5.75%, 04/20/29^(g)			890		874,753
United Airlines, Inc.^(g)
4.38%, 04/15/26			514		496,903
4.63%, 04/15/29			690		641,700
VistaJet Malta Finance PLC/Vista Management Holding, Inc., 7.88%, 05/01/27			127		107,369


					3,218,160

Personal Care Products — 0.1%
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 6.63%, 07/15/30^(b)(g)			259		263,012


Pharmaceuticals — 0.9%
1375209 BC Ltd., 9.00%, 01/30/28^(b)			271		265,581
AbbVie, Inc., 4.25%, 11/14/28^(g)			1,000		982,371
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28^(d)	EUR		100		104,284
CVS Health Corp., 3.75%, 04/01/30^(g)	USD		1,000		931,823
Jazz Securities DAC, 4.38%, 01/15/29^(b)(g)			200		186,308
Option Care Health, Inc., 4.38%, 10/31/29^(b)(g)			245		224,630
Organon & Co./Organon Foreign Debt Co-Issuer BV^(b)(g)
4.13%, 04/30/28			428		398,850
5.13%, 04/30/31			200		177,821
Teva Pharmaceutical Finance Netherlands II BV, 7.38%, 09/15/29	EUR		100		119,380
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26^(g)	USD		570		531,337
4.75%, 05/09/27^(g)			400		384,712
7.88%, 09/15/29			200		214,112
8.13%, 09/15/31^(g)			200		218,298


					4,739,507

Professional Services^(b)(g)— 0.3%
CoreLogic, Inc., 4.50%, 05/01/28			962		862,590
Dun & Bradstreet Corp., 5.00%, 12/15/29			654		603,682


					1,466,272

Real Estate Management & Development — 0.2%
Agps Bondco PLC^(d)(e)(j)
5.50%, 11/13/26	EUR		100		41,368


Security		Par (000)		Value

Real Estate Management & Development (continued)
Agps Bondco PLC^(d)(e)(j)(continued)
5.00%, 01/14/29	EUR		100	$	40,619
Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp.
7.00%, 04/15/30^(b)	USD		236		210,018
Series AI, 7.00%, 04/15/30^(g)			271		241,485
Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31^(b)			181		191,274
Fantasia Holdings Group Co. Ltd.^(d)(e)(j)
11.75%, 04/17/22			400		6,000
11.88%, 06/01/23			200		3,000
9.25%, 07/28/23			200		3,000
9.88%, 10/19/23			200		3,000
Howard Hughes Corp.^(b)
5.38%, 08/01/28			65		62,346
4.13%, 02/01/29			149		133,915
4.38%, 02/01/31			100		86,836
Realogy Group LLC/Realogy Co.-Issuer Corp., 5.75%, 01/15/29^(b)			8		5,665
Theta Capital Pte. Ltd., 8.13%, 01/22/25^(d)			200		189,954


					1,218,480

Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27^(b)			160		146,040


Semiconductors & Semiconductor Equipment — 1.0%
ams-OSRAM AG, 10.50%, 03/30/29^(d)	EUR		100		106,698
Broadcom, Inc., 4.11%, 09/15/28^(g)	USD		1,594		1,540,045
Entegris, Inc.^(b)
4.38%, 04/15/28			169		158,838
4.75%, 04/15/29^(g)			1,657		1,587,996
NCR Atleos Corp., 9.50%, 04/01/29^(b)(g)			250		267,402
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25			33		31,986
QUALCOMM, Inc., 1.65%, 05/20/32^(g)			1,779		1,409,170
Synaptics, Inc., 4.00%, 06/15/29^(b)			172		154,799


					5,256,934

Software — 3.3%
ACI Worldwide, Inc., 5.75%, 08/15/26^(b)(g)			444		436,549
Boxer Parent Co., Inc.
6.50%, 10/02/25^(d)	EUR		100		107,764
7.13%, 10/02/25^(b)(g)	USD		398		398,355
9.13%, 03/01/26^(b)(g)			803		802,702
Capstone Borrower, Inc., 8.00%, 06/15/30^(b)(g)			304		315,445
Clarivate Science Holdings Corp.^(b)(g)
3.88%, 07/01/28			929		859,504
4.88%, 07/01/29			897		829,842
Cloud Software Group, Inc.^(b)(g)
6.50%, 03/31/29			3,677		3,489,331
9.00%, 09/30/29			1,975		1,894,256
Elastic NV, 4.13%, 07/15/29^(b)(g)			376		338,364
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28^(b)(g)			200		179,455
McAfee Corp., 7.38%, 02/15/30^(b)(g)			664		608,919
MicroStrategy, Inc., 6.13%, 06/15/28^(b)(g)			485		467,894
Open Text Corp., 6.90%, 12/01/27^(b)(g)			321		331,911
Oracle Corp., 3.60%, 04/01/50^(g)			785		567,144
Playtika Holding Corp., 4.25%, 03/15/29^(b)			78		67,526


Security		Par (000)		Value

Software (continued)
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)(g)	USD		1,110	$	1,085,311
UKG, Inc., 6.88%, 02/01/31^(b)(g)			3,326		3,388,286
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)(g)			442		405,253


					16,573,811

Specialized REITs^(b)— 0.2%
Iron Mountain, Inc.
7.00%, 02/15/29^(g)			748		762,254
5.63%, 07/15/32			19		17,947


					780,201

Specialty Retail^(b)(g)— 0.3%
Arko Corp., 5.13%, 11/15/29			124		102,632
eG Global Finance PLC, 12.00%, 11/30/28			298		316,755
PetSmart, Inc./PetSmart Finance Corp.
4.75%, 02/15/28			343		321,132
7.75%, 02/15/29			587		571,469


					1,311,988

Technology Hardware, Storage & Peripherals^(b)(g)— 0.2%
Seagate HDD Cayman
8.25%, 12/15/29			499		536,158
8.50%, 07/15/31			474		512,234


					1,048,392

Textiles, Apparel & Luxury Goods^(b)— 0.1%
Crocs, Inc., 4.25%, 03/15/29			25		22,856
Hanesbrands, Inc., 4.88%, 05/15/26^(g)			176		171,358
Kontoor Brands, Inc., 4.13%, 11/15/29			98		87,960
Levi Strauss & Co., 3.50%, 03/01/31			16		14,037
William Carter Co., 5.63%, 03/15/27			160		158,913


					455,124

Trading Companies & Distributors^(b)— 0.1%
Beacon Roofing Supply, Inc.
4.13%, 05/15/29			95		86,166
6.50%, 08/01/30^(g)			288		292,243
GYP Holdings III Corp., 4.63%, 05/01/29^(g)			371		344,911


					723,320

Transportation Infrastructure — 0.2%
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29^(b)			200		203,375
Azzurra Aeroporti SpA, 2.13%, 05/30/24^(d)	EUR		100		107,362
GMR Hyderabad International Airport Ltd., 4.25%, 10/27/27^(d)	USD		200		185,313
Heathrow Finance PLC, 4.13%, 09/01/29^(d)(o)	GBP		100		115,344
Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26^(b)(g)	USD		435		424,395


					1,035,789

Water Utilities — 0.2%
American Water Capital Corp., 4.45%, 06/01/32^(g)			900		867,368


Wireless Telecommunication Services — 1.0%
Altice France SA/France
5.88%, 02/01/27^(d)	EUR		100		83,341
8.13%, 02/01/27^(b)(g)	USD		507		396,301
5.50%, 01/15/28^(b)(g)			381		270,603
5.13%, 07/15/29^(b)(g)			902		609,782
4.25%, 10/15/29^(d)	EUR		100		75,241
5.50%, 10/15/29^(b)(g)	USD		572		388,235


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
Cellnex Finance Co. SA, 1.25%, 01/15/29^(d)	EUR		100	$	96,865
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26^(b)(g)	USD		1,366		1,339,056
Eutelsat SA, 1.50%, 10/13/28^(d)	EUR		100		80,309
Kenbourne Invest SA, 6.88%, 11/26/24^(b)(g)	USD		275		133,547
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(e)(i)(j)			157		23,537
Rogers Communications, Inc., 5.00%, 03/15/44^(g)			545		499,835
Vmed O2 U.K. Financing I PLC
4.00%, 01/31/29^(d)	GBP		100		110,438
4.50%, 07/15/31^(d)			100		107,283
4.75%, 07/15/31^(b)(g)	USD		597		514,545
7.75%, 04/15/32^(b)(h)			200		200,579


					4,929,497


Total Corporate Bonds — 77.3% (Cost: $394,572,208)					389,121,537


Floating Rate Loan Interests^(a)

Aerospace & Defense — 2.2%
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.26%), 9.57%, 10/31/28			438		440,068
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.01%, 08/03/29			660		647,062
Cubic Corp.
Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.85%, 05/25/28			1,966		1,835,139
Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.85%, 05/25/28			400		373,313
Dynasty Acquisition Co., Inc., 2024 Term Loan B1, (1-mo. CME Term SOFR + 3.50%), 8.83%, 08/24/28			2,102		2,104,938
Ovation Parent, Inc., 2024 Term Loan, 03/27/31^(p)			213		213,134
Peraton Corp.
2nd Lien Term Loan B1, (3-mo. CME Term SOFR + 7.85%), 13.18%, 02/01/29			453		453,622
Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 02/01/28			1,824		1,820,481
Setanta Aircraft Leasing DAC, Term Loan B, (3-mo. CME Term SOFR + 2.26%), 7.56%, 11/05/28			591		591,863
Standard Aero Ltd., 2024 Term Loan B2, (1-mo. CME Term SOFR + 3.50%), 8.83%, 08/24/28			810		811,610
TransDigm, Inc.
2023 Term Loan J, (1-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.56%, 02/28/31			533		535,137
2024 Term Loan I, (3-mo. CME Term SOFR + 2.75%), 8.07%, 08/24/28			1,086		1,089,059
2024 Term Loan K, 02/22/30^(p)			178		178,262


					11,093,688

Air Freight & Logistics — 0.0%
Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.56%, 03/17/30			159		159,490


Security		Par (000)		Value

Automobile Components — 0.4%
Clarios Global LP, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.33%, 05/06/30	USD		1,298	$	1,299,972
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.10%), 10.42%, 11/17/28			574		539,176


					1,839,148

Automobiles — 0.2%
Dealer Tire Financial LLC, 2024 Term Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 12/14/27^(c)			819		824,314
RVR Dealership Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 02/08/28			96		89,567


					913,881

Banks — 0.3%
Ascensus Holdings, Inc., Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.94%, 08/02/28			1,611		1,603,038


Beverages — 0.7%
Naked Juice LLC
2nd Lien Term Loan, (3-mo. CME Term SOFR + 6.10%), 11.40%, 01/24/30			911		733,451
Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.66%, 01/24/29			2,522		2,354,188
Triton Water Holdings, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.51%), 8.81%, 03/31/28			639		631,713


					3,719,352

Broadline Retail — 0.5%
Sally Holdings LLC, 2023 CovLite Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.58%, 02/28/30			288		287,730
StubHub Holdco Sub LLC, 2024 Extended Term Loan B, (3-mo. CME Term SOFR + 4.75%), 10.08%, 03/15/30			2,249		2,248,655
Woof Holdings, Inc., 1st Lien Term Loan, (3-mo. CME Term SOFR + 4.01%), 9.32%, 12/21/27			157		123,784


					2,660,169

Building Products — 1.1%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 05/13/29			127		127,763
Beacon Roofing Supply, Inc., 2024 Term Loan B, 05/19/28^(p)			867		867,291
Foundation Building Materials, Inc., 2024 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.31%, 01/29/31			880		883,080
LBM Acquisition LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 12/17/27			387		385,931
SRS Distribution, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 06/02/28			1,797		1,807,448
2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.35%), 8.68%, 06/02/28			402		403,563
White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 10/19/27			929		931,707


					5,406,783


Security		Par (000)		Value

Capital Markets — 1.3%
Aretec Group, Inc., 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 4.60%), 9.93%, 08/09/30	USD		302	$	302,989
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term Loan B6, (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 12/20/29			723		724,088
Azalea Topco, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.86%), 9.19%, 07/24/26			325		322,651
Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.83%, 07/24/26			975		968,518
Castlelake Aviation One DAC
2023 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 10/22/27			320		320,084
Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 10/22/26			1,027		1,027,152
Focus Financial Partners LLC
2021 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 06/30/28			979		974,651
2024 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 06/30/28			689		686,683
ION Trading Finance Ltd., 2021 USD Term Loan, (3-mo. CME Term SOFR + 4.85%), 10.15%, 04/01/28			295		294,037
Osaic Holdings, Inc.
2023 Term Loan B, (1-mo. CME Term SOFR + 4.50%), 9.83%, 08/17/28			1,139		1,142,689
2024 Term Loan, 08/17/28^(p)			11		11,036


					6,774,578

Chemicals — 2.4%
Arc Falcon I, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 3.60%), 8.93%, 09/30/28			581		579,419
Aruba Investments Holdings LLC, 2020 USD Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.10%), 13.43%, 11/24/27			331		329,572
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.85%), 10.07%, 08/27/26			305		299,174
Chemours Co., 2023 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 08/18/28			603		599,955
CPC Acquisition Corp., Term Loan, (3-mo. CME Term SOFR + 4.01%), 9.32%, 12/29/27			206		173,348
Derby Buyer LLC, USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 11/01/30			1,146		1,152,085
Discovery Purchaser Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.38%), 9.71%, 10/04/29			81		80,646
Ecovyst Catalyst Technologies LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.60%), 7.91%, 06/09/28			658		657,250
Element Solutions, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 12/18/30			1,013		1,012,836
HB Fuller Co., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 02/15/30			316		316,690


Security		Par (000)		Value

Chemicals (continued)
Herens U.S. Holdco Corp., USD Term Loan B, (3- mo. CME Term SOFR + 4.03%), 9.33%, 07/03/28	USD		571	$	536,443
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 3.60%), 8.93%, 02/18/30			296		295,342
LSF11 A5 Holdco LLC
2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.68%, 10/15/28			147		146,963
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.61%), 8.94%, 10/15/28			817		816,510
Momentive Performance Materials Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 4.50%), 9.83%, 03/29/28			1,164		1,143,149
Nouryon USA LLC, 2023 USD Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.10%), 9.42%, 04/03/28			469		469,163
Olympus Water US Holding Corp., 2024 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.57%, 11/09/28			462		462,621
OQ Chemicals Corp., 2017 USD Term Loan B2, (3-mo. CME Term SOFR + 3.70%), 8.93%, 10/14/24			824		805,478
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.11%), 9.44%, 03/16/27			424		424,556
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 08/02/28			789		788,992
WR Grace Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.01%), 9.32%, 09/22/28			811		811,423


					11,901,615

Commercial Services & Supplies — 2.6%
Action Environmental Group, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 10/24/30^(c)			313		312,987
Allied Universal Holdco LLC
2021 USD Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 05/12/28			1,572		1,569,304
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.08%, 05/12/28			168		168,485
Amentum Government Services Holdings LLC, 2022 Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 02/15/29			322		322,663
Aramark Services, Inc.
2024 Term Loan B8, (3-mo. CME Term SOFR + 2.00%), 7.33%, 06/22/30			971		970,776
2023 Term Loan B6, 0.00%, 06/22/30			383		383,187
Champions Financing, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 4.75%), 10.07%, 02/23/29^(c)			1,262		1,265,155
Creative Artists Agency LLC, 2024 Term Loan B, 11/27/28^(p)			1,580		1,582,187
Garda World Security Corp., 2022 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.58%, 02/01/29			237		237,149


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Mavis Tire Express Services Topco Corp., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.08%, 05/04/28	USD		1,329	$	1,329,399
PECF USS Intermediate Holding III Corp., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.51%), 9.82%, 12/15/28			526		398,613
Prime Security Services Borrower LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 10/14/30			447		446,880
Tempo Acquisition LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 08/31/28			2,255		2,260,705
TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.10%), 9.43%, 11/02/27			966		938,948
Vestis Corp., Term Loan, (3-mo. CME Term SOFR + 2.25%), 7.58%, 02/22/31^(c)			172		171,785
Viad Corp., Initial Term Loan, (1-mo. CME Term SOFR + 5.11%), 10.44%, 07/30/28			524		524,179


					12,882,402

Communications Equipment — 0.3%
Ciena Corp., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 10/24/30			836		836,378
Viasat, Inc.
2023 Term Loan, (1-mo. CME Term SOFR + 4.61%), 9.93%, 05/30/30			300		290,645
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.83%, 03/02/29			613		592,933


					1,719,956

Construction & Engineering — 0.7%
Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.81%, 08/01/30			2,013		2,021,985
Legence Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.60%), 8.93%, 12/16/27			253		253,345
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/21/28			424		425,233
USIC Holdings, Inc., 2021 Term Loan, (3-mo. CME Term SOFR + 3.76%), 9.06%, 05/12/28			698		695,975


					3,396,538

Construction Materials — 2.1%
ACProducts Holdings, Inc., 2021 Term Loan B, (3- mo. CME Term SOFR at 0.50% Floor + 4.51%), 9.81%, 05/17/28			684		621,913
American Builders & Contractors Supply Co., Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/31/31			761		760,852
Chariot Buyer LLC
2024 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 11/03/28			337		337,421
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 11/03/28			1,570		1,567,025
Cornerstone Building Brands, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 04/12/28			75		74,486
CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 11/23/27			721		711,246
CP Iris Holdco I, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 10/02/28			166		165,183


Security		Par (000)		Value

Construction Materials (continued)
CPG International LLC, 2022 Term Loan B, (1-mo. CME Term SOFR + 2.60%), 7.93%, 04/28/29	USD		355	$	354,933
Emerald Debt Merger Sub LLC, Term Loan B, (3- mo. CME Term SOFR + 2.50%), 7.79%, 05/31/30			1,025		1,024,135
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1-mo. CME Term SOFR + 1.85%), 7.18%, 03/01/27			185		184,837
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.33%, 03/08/29			389		370,832
Oscar AcquisitionCo. LLC, Term Loan B, (3-mo. CME Term SOFR + 4.60%), 9.90%, 04/29/29			489		490,465
Quikrete Holdings, Inc.
2023 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 03/19/29			313		312,608
2024 Term Loan B, 03/25/31^(p)			401		401,169
Smyrna Ready Mix Concrete LLC, 2023 Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.83%, 04/02/29^(c)			279		280,021
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.36%), 7.69%, 09/22/28			657		657,286
Summit Materials LLC, 2023 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 01/12/29			372		373,581
Wilsonart LLC, 2021 Term Loan E, (3-mo. CME Term SOFR at 1.00% Floor + 3.35%), 8.65%, 12/31/26			1,447		1,448,239
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.11%), 7.44%, 10/04/28.			389		390,875


					10,527,107

Consumer Finance — 0.6%
GTCR W Merger Sub LLC, USD Term Loan B, (1- mo. CME Term SOFR + 3.00%), 8.31%, 01/31/31			1,313		1,316,558
Trans Union LLC
2019 Term Loan B5, (1-mo. CME Term SOFR + 1.85%), 7.18%, 11/16/26			741		740,315
2024 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 12/01/28			1,062		1,061,168


					3,118,041

Consumer Staples Distribution & Retail — 0.2%
U.S. Foods, Inc.
2019 Term Loan B, (1-mo. CME Term SOFR + 2.11%), 7.44%, 09/13/26			581		581,558
2021 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 11/22/28			276		277,564


					859,122

Containers & Packaging — 0.8%
Charter Next Generation, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.83%, 12/01/27			1,883		1,885,505
LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.10%), 10.43%, 10/29/28			600		587,023
Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26			653		654,635
Pactiv Evergreen Group Holdings Inc, 2020 Term Loan B2, (1-mo. CME Term SOFR at 0.75% Floor + 3.36%), 8.69%, 02/05/26			142		142,850


Security		Par (000)		Value

Containers & Packaging (continued)
Pregis TopCo LLC, 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.08%, 07/31/26	USD		256	$	256,572
Reynolds Consumer Products LLC, Term Loan, (1-mo. CME Term SOFR + 1.75%), 7.18%, 02/04/27			121		120,743
Trident TPI Holdings, Inc., 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.50% Floor + 4.26%), 9.81%, 09/15/28			624		623,639


					4,270,967

Distributors — 0.2%
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.01%), 9.32%, 10/28/27			834		785,021


Diversified Consumer Services — 1.0%
Ascend Learning LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 3.60%), 8.93%, 12/11/28			331		328,781
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 2.36%), 7.69%, 11/24/28			855		853,426
KUEHG Corp., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.30%, 06/12/30			678		679,696
Learning Care Group U.S. No. 2, Inc., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 08/11/28			110		110,468
Sotheby’s, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.76%), 10.08%, 01/15/27			1,322		1,294,188
Spring Education Group, Inc., Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.81%, 10/04/30			798		800,416
Wand NewCo 3, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 01/30/31			1,048		1,050,452


					5,117,427

Diversified Telecommunication Services — 1.0%
Connect Finco SARL
2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.83%, 12/11/26			623		617,549
2024 Extended Term Loan B, 09/13/29^(p)			641		629,935
Consolidated Communications, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.61%), 8.94%, 10/02/27			192		181,797
Level 3 Financing, Inc.^(c)
2024 Extended Term Loan B1, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/29			365		362,814
2024 Extended Term Loan B2, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/30			368		368,698
Lumen Technologies, Inc.
2024 Extended Term Loan B1, (1-week CME Term SOFR at 2.00% Floor + 2.46%), 7.79%, 04/15/29			414		306,992


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Lumen Technologies, Inc. (continued)
2024 Extended Term Loan B2, (3-mo. CME Term SOFR at 2.00% Floor + 2.46%), 7.79%, 04/15/30^(c)	USD		423	$	313,347
2024 Term Loan A, 06/01/28^(p)			50		41,724
ORBCOMM, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.77%, 09/01/28			381		368,317
Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.44%, 03/09/27			2,372		2,075,672


					5,266,845

Electronic Equipment, Instruments & Components — 0.5%
Coherent Corp., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.19%, 07/02/29			576		575,851
MX Holdings U.S., Inc., 2023 USD Term Loan B1D, (1-mo. CME Term SOFR at 0.75% Floor + 2.86%), 8.19%, 07/31/28			104		104,519
Roper Industrial Products Investment Co., 2023 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.30%, 11/22/29			1,582		1,590,151


					2,270,521

Energy Equipment & Services — 0.0%
Lealand Finance Co. BV
2020 Make Whole Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.44%, 06/28/24^(c)			16		7,888
2020 Take Back Term Loan, (1-mo. CME Term SOFR + 1.11%), 6.44%, 06/30/25			120		46,507


					54,395

Entertainment — 2.0%
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 04/22/26			658		550,233
Aristocrat Technologies, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 2.35%), 7.66%, 05/24/29			46		45,557
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.55%, 03/08/30			637		636,174
Delta 2 Lux SARL, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.56%, 01/15/30			1,024		1,024,256
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 03/24/25			1,032		1,029,513
Live Nation Entertainment, Inc., Term Loan B4, (1- mo. CME Term SOFR + 1.85%), 7.18%, 10/19/26			1,708		1,704,665
Motion Finco SARL, 2024 USD Term Loan B, 11/12/29^(p)			646		644,542
NEP Group, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.36%, 1.61% PIK), 10.19%, 08/19/26⁽ⁱ⁾			1,042		989,148


Security		Par (000)		Value

Entertainment (continued)
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 2.76%), 8.07%, 01/23/25	USD		885	$	884,916
UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.01%), 8.34%, 04/29/26			790		791,094
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.86%), 8.19%, 05/18/25			1,698		1,695,669


					9,995,767

Environmental, Maintenance & Security Service — 0.3%
Clean Harbors, Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 1.86%), 7.19%, 10/08/28			660		661,036
Covanta Holding Corp.
2021 Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 11/30/28			37		36,362
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 11/30/28			477		475,718
GFL Environmental, Inc., 2023 First Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 05/31/27			343		344,205


					1,517,321

Financial Services — 1.5%
Belron Finance U.S. LLC
2018 Term Loan B, (3-mo. CME Term SOFR + 2.51%), 7.82%, 11/13/25			176		176,401
2019 USD Term Loan B3, (3-mo. CME Term SOFR + 2.51%), 7.83%, 10/30/26			569		569,277
2023 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.35%), 7.66%, 04/18/29			219		218,900
2023 USD Term Loan, (3-mo. CME Term SOFR + 2.26%), 7.58%, 04/13/28			1,644		1,644,133
Cogeco Financing 2 LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 09/29/28			663		645,619
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.06%, 04/09/27			2,766		2,751,318
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR + 7.01%), 12.32%, 04/07/28			792		789,030
GIP Pilot Acquisition Partners LP, Term Loan, (3-mo. CME Term SOFR + 3.00%), 8.33%, 10/04/30			149		149,335
Hyperion Refinance SARL, 2024 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 02/15/31			393		393,035
Sunrise Financing Partnership, 2021 USD Term Loan AX, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/31/29			342		339,716


					7,676,764

Food Products — 1.5%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.86%), 9.19%, 10/01/25			703		689,485
B&G Foods, Inc., 2019 Term Loan B4, (1-mo. CME Term SOFR + 2.50%), 7.83%, 10/10/26			128		128,020
Chobani LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 10/25/27			2,215		2,218,566


Security		Par (000)		Value

Food Products (continued)
Chobani LLC (continued)
2023 Incremental Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.08%, 10/25/27	USD		549	$	551,368
Froneri U.S., Inc., 2020 USD Term Loan, (1-mo. CME Term SOFR + 2.35%), 7.68%, 01/29/27			1,967		1,967,419
H-Food Holdings LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.95%), 9.29%, 05/23/25			232		167,711
Nomad Foods U.S. LLC, Term Loan B4, (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.27%, 11/13/29			582		582,229
UTZ Quality Foods LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/20/28			1,119		1,120,732


					7,425,530

Ground Transportation — 0.4%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.85%), 10.17%, 04/06/28			270		270,412
Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo. CME Term SOFR + 1.86%), 7.19%, 08/06/27			477		474,474
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3-mo. CME Term SOFR + 5.76%), 11.10%, 08/04/25			358		251,174
Uber Technologies, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 03/03/30			1,051		1,055,373


					2,051,433

Health Care Equipment & Supplies — 1.5%
Avantor Funding, Inc., 2021 Term Loan B5, (1-mo. CME Term SOFR + 2.35%), 7.68%, 11/08/27			732		732,426
Bausch & Lomb Corp., 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 09/29/28			458		456,844
Bausch and Lomb Corp., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 05/10/27			1,306		1,288,916
Insulet Corp., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.33%, 05/04/28			280		280,312
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.31%, 10/19/27			1,007		987,893
Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 10/23/28			2,570		2,575,817
Sotera Health Holdings LLC, 2021 Term Loan, (1- mo. CME Term SOFR + 2.86%), 8.19%, 12/11/26			1,090		1,084,319


					7,406,527

Health Care Providers & Services — 2.3%
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1-mo. CME Term SOFR + 2.11%), 7.44%, 02/22/28			1,024		1,022,901
CHG Healthcare Services, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 09/29/28			458		458,250
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.82%, 11/08/27			1,134		1,135,810
Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.44%, 11/01/28			1,221		1,222,852


Security		Par (000)		Value

Health Care Providers & Services (continued)
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.61%), 9.94%, 02/04/27	USD		333	$	333,475
EyeCare Partners LLC
2020 Term Loan, (3-mo. CME Term SOFR + 4.01%), 9.32%, 02/18/27			844		442,948
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 7.01%), 12.32%, 11/15/29			176		60,703
2021 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.01%), 9.32%, 11/15/28			192		99,764
Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 07/01/30			210		210,936
ICON Luxembourg SARL
2024 LUX Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.30%, 07/03/28			815		816,733
2024 US Term Loan B, 0.00%, 07/03/28			204		203,645
IQVIA, Inc., 2023 USD Term Loan B4, (3-mo. CME Term SOFR + 2.00%), 7.31%, 01/02/31			651		653,927
MED ParentCo LP, 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.36%), 9.69%, 08/31/26			165		164,757
Medical Solutions Holdings, Inc., 2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 7.10%), 12.43%, 11/01/29			247		197,291
Phoenix Newco, Inc., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 11/15/28			1,495		1,498,214
Precision Medicine Group LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.10%), 8.40%, 11/18/27			621		612,206
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 11/01/28			483		430,028
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.31%, 09/27/30			559		555,227
Surgery Center Holdings, Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.83%, 12/19/30			628		629,977
Vizient, Inc., 2022 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.35%), 7.68%, 05/16/29			125		125,183
WCG Intermediate Corp., 2019 Term Loan, (1-mo. CME Term SOFR + 4.11%), 9.44%, 01/08/27			491		490,709


					11,365,536

Health Care Technology — 1.3%
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 02/15/29			1,661		1,642,786
Cotiviti, Inc.^(p)
2024 Fixed Term Loan B, 02/21/31			595		595,744
2024 Term Loan, 02/21/31			989		986,528
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR + 4.10%), 9.41%, 10/01/27			1,500		1,431,630


Security		Par (000)		Value

Health Care Technology (continued)
Verscend Holding Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.11%), 9.44%, 08/27/25	USD		1,245	$	1,245,208
Waystar Technologies, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 10/22/29			487		487,710


					6,389,606

Hotel & Resort REITs — 0.0%
RHP Hotel Properties LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 05/18/30			250		249,508


Hotels, Restaurants & Leisure — 4.4%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.86%), 9.19%, 02/02/26			1,033		993,378
Alterra Mountain Co.^(c)
2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.18%, 05/31/30			315		316,399
2024 Add-on Term Loan B, 05/31/30^(p)			108		108,405
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 10/02/28			620		581,319
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., 2023 Term Loan B5, (1-mo. CME Term SOFR + 2.25%), 7.58%, 09/20/30			1,146		1,144,390
Caesars Entertainment, Inc.
2024 Term Loan B1, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.04%, 02/06/31			1,430		1,430,000
Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.66%, 02/06/30			585		586,067
Carnival Corp., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.32%, 08/08/27			654		653,925
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1-mo. CME Term SOFR + 2.10%), 7.43%, 03/17/28			751		750,140
City Football Group Ltd., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.11%), 8.44%, 07/21/28			924		922,340
ECL Entertainment, LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.08%, 08/31/30			247		247,439
Fertitta Entertainment LLC, 2022 Term Loan B, (1- mo. CME Term SOFR + 3.75%), 9.08%, 01/27/29			2,544		2,548,557
Flutter Financing BV, Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.56%, 11/25/30			1,904		1,903,199
Four Seasons Hotels Ltd., 2024 Term Loan B, (3- mo. CME Term SOFR + 2.10%), 7.43%, 11/30/29			1,798		1,798,979
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 11/08/30			1,350		1,352,362
IRB Holding Corp., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.85%), 8.08%, 12/15/27			1,396		1,395,485
Light & Wonder International, Inc., 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 04/14/29			623		623,600


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Packers Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 03/09/28	USD		489	$	310,095
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.85%), 8.18%, 05/03/29			791		790,889
Playa Resorts Holding BV, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 01/05/29			223		223,686
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 08/25/28			241		240,874
Station Casinos LLC, 2024 Term Loan B, 03/14/31^(p)			1,413		1,410,273
Whatabrands LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 08/03/28			1,546		1,546,359
Wyndham Hotels & Resorts, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 05/24/30			198		198,261


					22,076,421

Household Durables — 1.1%
AI Aqua Merger Sub, Inc., 2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 07/31/28			809		811,582
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.82%, 02/26/29			1,391		1,372,781
Serta Simmons Bedding, LLC, 2023 New Term Loan, (3-mo. CME Term SOFR + 7.61%), 12.92%, 06/29/28			199		178,058
Stitch Aquisition Corp., Term Loan B, (3-mo. CME Term SOFR + 7.00%), 12.31%, 07/28/28			258		64,515
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.11%), 9.44%, 10/06/28			1,309		1,198,761
Weber-Stephen Products LLC, Term Loan B, (1-mo. CME Term SOFR + 3.36%), 8.69%, 10/30/27			1,813		1,671,490


					5,297,187

Independent Power and Renewable Electricity Producers — 0.4%
Calpine Construction Finance Co. LP, 2023 Refinancing Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.58%, 07/31/30			608		607,029
Calpine Corp., Term Loan B9, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/31/31			329		326,976
Constellation Renewables LLC, 2020 Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 2.76%), 8.10%, 12/15/27			632		632,147
NRG Energy, Inc., 2024 Term Loan, 03/27/31^(p)			698		696,695


					2,262,847

Industrial Conglomerates — 0.1%
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.32%, 10/17/30			287		287,369


Insurance — 3.4%
Alliant Holdings Intermediate LLC, 2023 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/06/30			3,685		3,699,206


Security		Par (000)		Value

Insurance (continued)
AmWINS Group, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR + 2.36%), 7.69%, 02/19/28	USD		1,100	$	1,100,217
2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.19%, 02/19/28			222		222,403
Amynta Agency Borrower, Inc., 2023 1st Lien Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.55%, 02/28/28			894		896,532
AssuredPartners, Inc.
2020 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 02/12/27			1,075		1,075,320
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.61%), 8.94%, 02/12/27			279		279,207
2023 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 02/12/27			127		127,047
2024 Incremental Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 02/14/31			253		253,238
Baldwin Risk Partners, LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 10/14/27			393		392,025
HUB International Ltd., 2024 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.57%, 06/20/30			2,136		2,136,524
Jones Deslauriers Insurance Management, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 3.50%), 8.80%, 03/15/30			587		586,448
Ryan Specialty LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.08%, 09/01/27			642		642,019
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 02/24/28			1,848		1,850,780
Truist Insurance Holdings LLC^(p)
1st Lien Term Loan, 03/24/31			1,403		1,400,657
2nd Lien Term Loan, 03/08/32			431		433,155
USI, Inc./New York
2023 Acquisition Term Loan, (3-mo. CME Term SOFR + 3.25%), 8.55%, 09/27/30			535		535,476
2023 Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.30%, 11/22/29			1,524		1,523,296


					17,153,550

Interactive Media & Services — 0.0%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR + 4.15%), 9.45%, 02/16/28			207		206,069


Internet Software & Services — 0.1%
Gen Digital, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.10%), 7.43%, 09/12/29			666		665,680


IT Services — 1.6%
Asurion LLC
2020 Term Loan B8, (1-mo. CME Term SOFR + 3.36%), 8.69%, 12/23/26			836		817,494
2021 2nd Lien Term Loan B3, (1-mo. CME Term SOFR + 5.36%), 10.69%, 01/31/28			364		326,690
2021 Second Lien Term Loan B4, (1-mo. CME Term SOFR + 5.36%), 10.69%, 01/20/29			538		479,239


Security		Par (000)		Value

IT Services (continued)
Asurion LLC (continued)
2023 Term Loan B11, (1-mo. CME Term SOFR + 4.35%), 9.68%, 08/19/28	USD		668	$	643,736
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/31/31			1,656		1,654,342
Central Parent, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.31%, 07/06/29			1,597		1,601,020
Epicor Software Corp., 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.36%), 8.69%, 07/30/27			283		284,196
Go Daddy Operating Co. LLC
2021 Term Loan B4, (1-mo. CME Term SOFR + 2.11%), 7.44%, 08/10/27			812		812,423
2024 Term Loan B6, (1-mo. CME Term SOFR + 2.00%), 7.33%, 11/09/29			647		646,121
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.26%), 10.57%, 07/27/28			525		308,432
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 8.51%), 13.82%, 07/27/29			896		259,763
Venga Finance SARL, 2021 USD Term Loan B, (3-mo. CME Term SOFR + 5.01%), 10.35%, 06/28/29			415		414,321


					8,247,777

Leisure Products — 0.1%
Fender Musical Instruments Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.10%), 9.43%, 12/01/28			294		288,042
Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR + 7.10%), 12.48%, 05/25/27			306		307,232


					595,274

Machinery — 3.3%
Albion Financing 3 SARL, USD Term Loan, (3-mo. CME Term SOFR + 5.51%), 10.83%, 08/17/26			914		916,454
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.01%), 10.32%, 06/23/28			1,060		1,060,155
Barnes Group Inc, 2024 Term Loan, (1-mo. CME Term SOFR + 2.50%), 7.83%, 09/03/30			561		560,946
Columbus McKinnon Corp./New York, 2024 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.81%, 05/14/28^(c)			134		133,750
Doosan Bobcat North America, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 2.60%), 7.90%, 04/20/29			144		143,637
Filtration Group Corp.
2021 Incremental Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.94%, 10/21/28			486		487,255
2023 USD Term Loan, (1-mo. CME Term SOFR + 4.36%), 9.69%, 10/21/28			1,096		1,098,609
Gardner Denver, Inc., 2020 USD Term Loan B2, (1-mo. CME Term SOFR + 1.85%), 7.18%, 03/01/27			870		871,561
Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.60%), 7.93%, 03/31/27			1,103		1,103,958


Security		Par (000)		Value

Machinery (continued)
Generac Power Systems, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 1.85%), 7.18%, 12/13/26	USD		155	$	154,612
Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 06/21/28			1,812		1,808,626
SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR + 4.60%), 9.93%, 04/05/29			1,195		1,199,271
Titan Acquisition Ltd./Canada
2018 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 03/28/25			1,789		1,786,964
2024 Term Loan B, 02/01/29^(p)			1,415		1,417,937
TK Elevator U.S. Newco, Inc., USD Term Loan B, 04/30/30^(p)			2,082		2,082,662
Vertiv Group Corp., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 03/02/27			1,214		1,215,537
Wec US Holdings Ltd., 2024 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/27/31			647		646,062


					16,687,996

Media — 1.9%
A L Parent LLC, 2023 Take Back Term Loan, (1-mo. CME Term SOFR at 2.00% Floor + 5.50%), 10.83%, 06/30/28			204		202,349
ABG Intermediate Holdings 2 LLC, 2021 Term Loan B1, (1-mo. CME Term SOFR + 3.60%), 8.93%, 12/21/28			621		623,316
Altice Financing SA, USD 2017 1st Lien Term Loan, (3-mo. LIBOR US + 2.75%), 8.33%, 01/31/26^(c)			518		499,808
AVSC Holding Corp.⁽ⁱ⁾
2020 Term Loan B1, (1-mo. CME Term SOFR + 3.60%, 0.60% PIK), 8.93%, 03/03/25			648		648,421
2020 Term Loan B3, (5.00% Cash and 10.00% PIK), 15.00%, 10/15/26			419		436,236
Charter Communications Operating, LLC, 2023 Term Loan B4, (3-mo. CME Term SOFR + 2.00%), 7.33%, 12/07/30			644		637,401
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, (1-mo. CME Term SOFR + 4.11%), 9.44%, 08/23/28			347		346,913
CSC Holdings LLC, 2019 Term Loan B5, (1-mo. LIBOR US + 2.50%), 7.94%, 04/15/27			724		650,832
DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.11%), 10.44%, 08/02/27			510		510,427
Morgan Stanley & Co. International PLC, 2024 CCIBV Fixed Term Loan^(c)(k)(p)			525		522,375
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.36%), 8.69%, 09/25/26			1,603		1,337,011
Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.85%), 9.18%, 04/21/29			279		221,601
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo. CME Term SOFR + 3.25%), 8.69%, 01/31/29			607		600,390
Voyage Digital NZ, USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.99%), 9.32%, 05/11/29^(c)			403		403,870


Security		Par (000)		Value

Media (continued)
WMG Acquisition Corp., 2024 Term Loan I, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/24/31	USD		1,622	$	1,617,657
Ziggo Financing Partnership, USD Term Loan I, (1-mo. CME Term SOFR + 2.61%), 7.94%, 04/30/28			510		502,258


					9,760,865

Oil, Gas & Consumable Fuels — 1.1%
Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.08%, 12/21/28			1,763		1,748,737
M6 ETX Holdings II Midco LLC, Term Loan B, (1- mo. CME Term SOFR at 0.50% Floor + 4.60%), 9.93%, 09/19/29			102		101,785
Medallion Midland Acquisition LP, 2023 Term Loan, (3-mo. CME Term SOFR + 3.50%), 8.83%, 10/18/28			1,058		1,058,649
New Fortress Energy, Inc., Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.32%, 10/27/28			951		952,994
Oryx Midstream Services Permian Basin LLC, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 10/05/28			1,467		1,472,021


					5,334,186

Paper & Forest Products — 0.2%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1- mo. CME Term SOFR + 1.85%), 7.18%, 09/07/27			1,036		1,036,298


Passenger Airlines — 1.2%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3- mo. CME Term SOFR at 0.75% Floor + 5.01%), 10.33%, 04/20/28			1,277		1,324,749
Air Canada, 2024 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 03/14/31			517		518,944
American Airlines, Inc.
2023 1st Lien Term Loan, (6-mo. CME Term SOFR + 3.50%), 8.77%, 06/04/29			213		213,532
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term SOFR + 1.85%), 7.07%, 01/29/27			1,555		1,552,560
Series AA, 2023 Term Loan B, (3-mo. CME Term SOFR + 3.18%), 8.60%, 02/15/28			664		662,869
Mileage Plus Holdings LLC, 2020 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 5.40%), 10.73%, 06/21/27			1,002		1,030,240
United Airlines, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 02/15/31			738		737,882
WestJet Airlines Ltd., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.10%), 8.43%, 12/11/26			44		44,017


					6,084,793

Pharmaceuticals — 1.0%
Amneal Pharmaceuticals LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 5.50%), 10.83%, 05/04/28			665		663,078
Bausch Health Americas, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 5.35%), 10.68%, 02/01/27			555		432,481
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME Term SOFR + 1.85%), 7.18%, 08/01/27			1,079		1,074,649


Security		Par (000)		Value

Pharmaceuticals (continued)
Jazz Financing Lux SARL, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 05/05/28	USD		1,063	$	1,068,128
Option Care Health, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 10/27/28			606		607,046
Organon & Co., USD Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.43%, 06/02/28			825		827,831
Perrigo Investments LLC, Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 04/20/29			468		464,900


					5,138,113

Professional Services — 2.5%
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 02/04/28			1,057		1,058,162
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.61%), 8.94%, 06/02/28			2,623		2,558,936
Dayforce, Inc., Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.83%, 02/26/31			886		884,343
Dun & Bradstreet Corp., 2024 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/18/29			4,670		4,667,835
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.66%, 07/06/29			306		305,548
2022 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.66%, 07/06/29			663		662,022
Fleetcor Technologies Operating Co. LLC, 2021 Term Loan B4, (1-mo. CME Term SOFR + 1.85%), 7.18%, 04/28/28			935		934,185
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.06%, 04/29/29^(c)			454		409,938
VS Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.35%), 8.58%, 02/28/27			1,051		1,050,011


					12,530,980

Real Estate Management & Development — 0.2%
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 08/21/25			35		34,645
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 01/31/30			592		589,631
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.33%, 01/31/30^(c)			299		299,624


					923,900

Semiconductors & Semiconductor Equipment — 0.3%
MKS Instruments, Inc., 2023 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 08/17/29			1,119		1,117,976
Synaptics, Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.51%), 7.84%, 12/02/28			249		248,976


					1,366,952

Software — 6.2%
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo. CME Term SOFR + 3.50%), 8.81%, 02/24/31			1,511		1,519,045


Security		Par (000)		Value

Software (continued)
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.81%, 08/15/29	USD		313	$	311,035
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME Term SOFR + 2.36%), 7.69%, 09/21/28			1,077		1,074,769
Cloud Software Group, Inc.
2022 USD Term Loan B, (3-mo. CME Term SOFR + 4.60%), 9.91%, 03/30/29			3,494		3,475,549
2024 Term Loan, 03/21/31^(p)			599		594,885
Cloudera, Inc.
2021 Second Lien Term Loan, (1-mo. CME Term SOFR + 6.10%), 11.43%, 10/08/29			457		452,430
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 10/08/28			375		373,500
Delta TopCo, Inc., 2020 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 7.25%), 12.62%, 12/01/28			186		186,232
E2open LLC, 2020 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 02/04/28			111		111,123
Ellucian Holdings, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.60%), 8.93%, 10/09/29			1,509		1,514,329
Genesys Cloud Services Holdings II LLC First Lien Term Loan B, 12/01/27^(p)			1,676		1,679,665
Term Loan B, (1-mo. CME Term SOFR + 3.86%), 9.19%, 12/01/27			635		636,988
Helios Software Holdings, Inc., 2024 Term Loan, (3-mo. CME Term SOFR + 3.75%), 9.07%, 07/18/30			553		547,348
Informatica LLC, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 10/27/28			1,218		1,217,049
McAfee Corp., 2022 USD Term Loan B, (1-mo. CME Term SOFR + 3.85%), 9.18%, 03/01/29			1,548		1,543,490
MH Sub I LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.25%), 11.58%, 02/23/29			1,005		964,070
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 05/03/28			1,346		1,335,953
Playtika Holding Corp., 2021 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.19%, 03/13/28			887		887,441
Polaris Newco LLC, USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.26%), 9.57%, 06/02/28			2,566		2,539,738
Proofpoint, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 08/31/28			2,388		2,388,276
RealPage, Inc.
1st Lien Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.44%, 04/24/28			3,409		3,314,658
2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.61%), 11.94%, 04/23/29			420		415,451
Severin Acquisition LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.25%), 8.31%, 08/01/27			641		641,873
SS&C Technologies, Inc.
2018 Term Loan B3, (1-mo. CME Term SOFR + 1.86%), 7.19%, 04/16/25			462		461,791
2018 Term Loan B4, (1-mo. CME Term SOFR + 1.86%), 7.19%, 04/16/25			436		435,755
UKG, Inc.
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR + 5.35%), 10.68%, 05/03/27			516		520,010


Security		Par (000)		Value

Software (continued)
UKG, Inc. (continued)
2024 Term Loan B, (3-mo. CME Term SOFR + 3.50%), 8.81%, 02/10/31	USD		1,493	$	1,500,213
Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME Term SOFR + 5.11%), 10.44%, 09/01/25			568		524,328
Voyage Australia Pty. Ltd., USD Term Loan B, (3- mo. CME Term SOFR + 3.76%), 9.08%, 07/20/28			133		133,081


					31,300,075

Specialty Retail — 0.7%
CD&R Firefly Bidco Ltd., 2023 GBP Term Loan B5, (3-mo. SONIA + 6.11%), 11.29%, 06/21/28	GBP		1,000		1,258,098
EG America LLC, 2021 Term Loan, (3-mo. SOFR OIS CMPD + 4.68%), 9.99%, 03/31/26	USD		116		115,527
PetSmart LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.85%), 9.18%, 02/11/28			1,597		1,591,606
Restoration Hardware, Inc.
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 10/20/28			359		351,294
Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 10/20/28			310		302,129


					3,618,654

Textiles, Apparel & Luxury Goods — 0.2%
Crocs, Inc., 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.56%, 02/20/29			296		296,964
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1-mo. CME Term SOFR + 3.36%), 8.69%, 11/24/28			319		317,815
Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 03/08/30			232		231,346


					846,125

Trading Companies & Distributors — 0.6%
Core & Main LP
2021 Term Loan B, (3-mo. CME Term SOFR + 2.60%), 7.97%, 07/27/28			1,787		1,783,090
2024 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.56%, 02/09/31			380		378,575
TMK Hawk Parent Corp.^(c)
2024 PIK Term Loan, (3-mo. CME Term SOFR + 11.00%), 11.00%, 12/15/31			22		18,545
2024 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.58%, 06/30/29			705		602,478


					2,782,688

Transportation Infrastructure — 0.3%
Apple Bidco LLC
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.86%), 8.19%, 09/22/28			643		641,808
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 09/22/28			355		356,154
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR + 6.35%), 11.68%, 12/15/26			623		619,054


					1,617,016


Security		Par (000)		Value

Wireless Telecommunication Services — 0.6%
Altice France SA/France, 2023 USD Term Loan B14, (3-mo. CME Term SOFR + 5.50%), 10.81%, 08/15/28	USD		1,179	$	932,242
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.86%), 9.19%, 04/30/28			365		363,978
Iridium Satellite LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.83%, 09/20/30			823		822,431
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo. CME Term SOFR + 2.01%), 7.34%, 01/25/31			811		811,774


					2,930,425


Total Floating Rate Loan Interests — 61.4% (Cost: $310,925,215)					309,169,316


Foreign Agency Obligations

Bahrain — 0.1%
Bahrain Government International Bond, 6.75%, 09/20/29^(d)			200		201,875


Chile — 0.0%
Chile Government International Bond, 4.34%, 03/07/42^(g)			200		174,563


Colombia — 0.1%
Colombia Government International Bond^(g)
3.13%, 04/15/31			200		159,500
8.00%, 04/20/33			200		211,200


					370,700

Dominican Republic — 0.1%
Dominican Republic International Bond^(b)
4.50%, 01/30/30			200		181,700
7.05%, 02/03/31			150		155,344
4.88%, 09/23/32			150		134,484


					471,528

Egypt — 0.0%
Egypt Government International Bond, 7.50%, 02/16/61^(b)			200		143,500


Guatemala — 0.0%
Guatemala Government Bond, 4.65%, 10/07/41^(b)			200		160,688


Hungary — 0.0%
Hungary Government International Bond, 5.38%, 09/12/33^(d)	EUR		39		44,373


Ivory Coast — 0.0%
Ivory Coast Government International Bond, 6.38%, 03/03/28^(d)(g)	USD		200		197,375


Morocco — 0.0%
Morocco Government International Bond, 2.38%, 12/15/27^(b)			200		178,250


Nigeria — 0.0%
Nigeria Government International Bond, 8.38%, 03/24/29^(b)			200		195,062


Security		Par (000)		Value

Oman — 0.1%
Oman Government International Bond, 6.50%, 03/08/47^(d)(g)	USD		308	$	310,502


Romania — 0.1%
Romanian Government International Bond
5.25%, 11/25/27^(b)			62		61,128
2.50%, 02/08/30^(d)	EUR		138		131,667
2.12%, 07/16/31^(d)			156		137,586


					330,381

South Africa — 0.1%
Republic of South Africa Government International Bond
4.85%, 09/30/29	USD		200		179,250
5.00%, 10/12/46			230		154,445


					333,695

Ukraine — 0.0%
Ukraine Government International Bond^(e)(j)
9.75%, 11/01/30^(d)			236		82,364
7.25%, 03/15/35^(b)			200		58,100


					140,464


Total Foreign Agency Obligations — 0.6% (Cost: $3,584,541)					3,252,956


		Shares

Investment Companies

Fixed Income Funds — 1.3%
Invesco Senior Loan ETF			309,501		6,545,946


Total Investment Companies — 1.3% (Cost: $6,465,338)					6,545,946


		Par (000)

Non-Agency Mortgage-Backed Securities

Collateralized Mortgage Obligations — 2.2%
Alternative Loan Trust
Series 2005-54CB, Class 3A4, 5.50%, 11/25/35	USD		974		542,413
Series 2006-J8, Class A5, 6.00%, 02/25/37			1,754		748,679
Series 2007-19, Class 1A1, 6.00%, 08/25/37			543		262,374
CHL Mortgage Pass-Through Trust
Series 2005-17, Class 1A6, 5.50%, 09/25/35			73		67,523
Series 2006-17, Class A2, 6.00%, 12/25/36			612		246,350
Series 2007-HY5, Class 3A1, 5.06%, 09/25/37^(a).			235		204,171
COLT Mortgage Loan Trust^(b)
Series 2022-7, Class A1, 5.16%, 04/25/67			1,947		1,916,581
Series 2022-9, Class A1, 6.79%, 12/25/67			253		254,438
Ellington Financial Mortgage Trust, Series 2021-2, Class A1, 0.93%, 06/25/66^(a)(b)			201		161,012
GCAT Trust, Series 2022-NQM3, Class A1, 4.35%, 04/25/67^(a)(b)			1,407		1,359,985
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 4.76%, 10/25/35^(a)			302		161,737
JP Morgan Mortgage Trust, Series 2022-DSC1, Class A1, 4.75%, 01/25/63^(a)(b)			369		352,510


Security		Par (000)		Value

Collateralized Mortgage Obligations (continued)
OBX Trust^(b)
Series 2022-NQM9, Class A1A, 6.45%, 09/25/62	USD		87	$	87,724
Series 2023-NQM6, Class A1, 6.52%, 07/25/63			1,069		1,077,295
Spruce Hill Mortgage Loan Trust, Series 2022-SH1, Class A1A, 4.10%, 07/25/57^(b)			562		529,465
Verus Securitization Trust^(b)
Series 2022-3, Class A1, 4.13%, 02/25/67			1,307		1,223,404
Series 2022-7, Class A1, 5.15%, 07/25/67			1,593		1,580,809
Series 2022-INV2, Class A1, 6.79%, 10/25/67			387		389,075


					11,165,545

Commercial Mortgage-Backed Securities^(a)(b)— 1.0%
BLP Commercial Mortgage Trust, Series 2024- INDS, Class D, (1-mo. Term SOFR + 2.59%), 7.92%, 03/15/41			400		400,172
BX Commercial Mortgage Trust
Series 2021-CIP, Class A, (1-mo. Term SOFR + 1.04%), 6.36%, 12/15/38			1,000		989,375
Series 2021-XL2, Class A, (1-mo. Term SOFR + 0.80%), 6.13%, 10/15/38			383		380,272
Series 2024-MF, Class C, (1-mo. Term SOFR + 1.94%), 7.27%, 02/15/39			510		507,450
Series 2024-XL4, Class C, (1-mo. Term SOFR + 2.19%), 7.52%, 02/15/39			100		99,968
BX Trust
Series 2022 VAMF, Class A, (1-mo. Term SOFR + 0.85%), 6.18%, 01/15/39			1,200		1,189,500
Series 2024-BIO, Class C, (1-mo. Term SOFR + 2.64%), 7.97%, 02/15/41			240		239,925
Series 2024-CNYN, Class C, (1-mo. Term SOFR + 1.94%), 1.00%, 04/15/29			800		799,000
Series 2024-PAT, Class B, (1-mo. Term SOFR + 3.04%), 8.29%, 03/15/26			170		169,907
DC Trust, Series 2024-HLTN, Class C, 1.00%, 04/13/28			220		219,981


					4,995,550


Total Non-Agency Mortgage-Backed Securities — 3.2%

(Cost: $17,171,010)					16,161,095


		Benefical Interest (000)

Other Interests

Capital Markets — 0.0%
Millennium Lender Claim Trust^(c)(q)	USD		918		—


Industrial Conglomerates — 0.0%
Millennium Corp. Claim^(c)(q)			861		—


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


Security		Par (000)		Value

Preferred Securities

Capital Trusts — 6.5%^(a)

Automobiles^(k)— 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(g)	USD		365	$	349,981
Volkswagen International Finance NV, 3.88%^(d)	EUR		100		99,809


					449,790

Banks — 5.6%
AIB Group PLC, 5.25%^(d)(k)			200		214,147
Bank of America Corp.^(g)(k)
Series DD, 6.30%	USD		215		215,193
Series X, 6.25%			1,929		1,931,195
Series Z, 6.50%			143		143,121
Barclays PLC^(k)
4.38%^(g)			2,455		2,012,581
8.00%			210		209,567
9.63%			805		853,624
BNP Paribas SA^(k)
4.63%^(b)(g)			2,425		2,000,447
8.50%^(b)(g)			420		439,006
6.88%^(d)	EUR		200		225,156
Chong Hing Bank Ltd., 5.70%^(d)(k)	USD		250		248,711
Citigroup, Inc., Series AA, 7.63%^(g)(k)			326		342,257
Credit Agricole SA, 4.75%^(b)(g)(k)			200		175,659
Goldman Sachs Group, Inc., Series R, 4.95%^(g)(k)			730		717,937
HSBC Holdings PLC^(g)(k)
6.00%			415		399,466
6.38%			500		496,461
ING Groep NV, 3.88%^(g)(k)			1,750		1,462,824
JPMorgan Chase & Co.
Series FF, 5.00%^(g)(k)			2,000		1,993,467
Series U, 6.53%, 01/15/87			325		297,775
Krung Thai Bank PCL/Cayman Islands, 4.40%^(d)(k)			202		191,648
Lloyds Banking Group PLC^(k)
8.00%^(g)			2,265		2,280,551
6.75%			450		444,601
7.50%^(g)			1,250		1,245,003
NatWest Group PLC, 6.00%^(g)(k)			1,185		1,157,141
Nordea Bank Abp, 3.75%^(b)(g)(k)			560		461,281
PNC Financial Services Group, Inc.^(g)(k)
Series V, 6.20%			290		289,245
Series W, 6.25%			289		280,091
Rizal Commercial Banking Corp., 6.50%^(d)(k)			200		196,563
Societe Generale SA, 5.38%^(b)(k)			4,250		3,581,104
UBS Group AG^(b)(k)
Series NC10, 9.25%^(g)			640		722,264
Series NC5, 9.25%			460		498,398
Wells Fargo & Co.^(g)(k)
7.63%			439		469,163
Series S, 5.90%			1,500		1,493,665
Woori Bank, 4.25%^(d)(k)			250		246,563


					27,935,875

Capital Markets — 0.2%
Charles Schwab Corp., Series H, 4.00%^(g)(k)			1,000		843,755


Diversified Telecommunication Services^(d)— 0.1%
British Telecommunications PLC, 8.38%, 12/20/83	GBP		100		134,560
Telefonica Europe BV, 6.14%^(k)	EUR		200		223,613


					358,173


Security		Par (000)		Value

Electric Utilities — 0.4%
Edison International, Series B, 5.00%^(k)	USD		258	$	244,430
EDP - Energias de Portugal SA, 5.94%, 04/23/83^(d)	EUR		100		112,668
Electricite de France SA, 3.00%^(d)(k)			200		197,728
NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79^(g)	USD		1,750		1,673,749


					2,228,575
Independent Power and Renewable Electricity Producers^(b)(k)— 0.1%
NRG Energy, Inc., 10.25%^(g)			475		509,536
Vistra Corp., 7.00%			209		206,941


					716,477

Transportation Infrastructure — 0.0%
Abertis Infraestructuras Finance BV, 3.25%^(d)(k)	EUR		100		104,377


Wireless Telecommunication Services — 0.0%
Vodafone Group PLC, 2.63%, 08/27/80^(d)			100		103,435


					32,740,457


		Shares

Preferred Stocks — 0.5%

Banks^(a)(k)— 0.5%
Morgan Stanley
Series F, 6.88%			55,000		1,383,800
Series K, 5.85%			53,253		1,330,793


					2,714,593

Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $136,755)^(e)(f)			139,661		1,065


					2,715,658


Total Preferred Securities — 7.0% (Cost: $37,252,585)					35,456,115


		Par (000)

U.S. Government Sponsored Agency Securities

Commercial Mortgage-Backed Securities — 0.0%
Freddie Mac Multifamily Structured Pass Through Certificates, Series K042, Class X1, 1.01%, 12/25/24^(a)	USD		31,148		125,376


Mortgage-Backed Securities^(r)— 3.9%
Uniform Mortgage-Backed Securities
3.50%, 04/11/54			9,000		8,053,896
4.50%, 04/11/54			5,450		5,189,612


Security		Par (000)		Value

Mortgage-Backed Securities (continued)
Uniform Mortgage-Backed Securities (continued)
5.00%, 04/11/54	USD		1,500	$	1,463,495
5.50%, 04/11/54			4,600		4,577,167


					19,284,170


Total U.S. Government Sponsored Agency Securities — 3.9% (Cost: $19,495,867)					19,409,546


		Shares

Warrants

Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Exercisable 01/14/23, 1 Share for 1 Warrant, Expires 06/30/27, Strike Price USD 10.00)^(e)			1,315		—


Oil, Gas & Consumable Fuels — 0.0%
California Resources Corp., (Issued/Exercisable 11/03/20, 1 Share for 1 Warrant, Expires 10/27/24, Strike Price USD 36.00)^(e)			345		6,748


Total Warrants — 0.0% (Cost: $ — )					6,748


Total Long-Term Investments — 162.9% (Cost: $837,471,387)					820,216,617


Short-Term Securities

Money Market Funds — 0.4%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%^(s)(t)			2,120,319		2,120,319


Total Short-Term Securities — 0.4% (Cost: $2,120,319)					2,120,319


Options Purchased — 0.0% (Cost: $1,066)					281


Total Investments Before TBA Sale Commitments and Options Written — 163.3% (Cost: $839,592,772)					822,337,217


Security		Par (000)			Value

TBA Sale Commitments

Mortgage-Backed Securities — (1.0)%
Uniform Mortgage-Backed Securities, 4.50%, 04/11/54^(r)	USD		(5,450	)	$	(5,189,612	)


Total TBA Sale Commitments — (1.0)% (Proceeds: $(5,220,930))						(5,189,612	)


Options Written — (0.0)% (Premiums Received: $(216))						(31	)


Total Investments, Net of TBA Sale Commitments and Options Written — 162.3% (Cost: $834,371,626)						817,147,574
Liabilities in Excess of Other Assets — (62.3)%						(313,720,813	)


Net Assets — 100.0%					$	503,426,761

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

^(e)	Non-income producing security.

^(f)	Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $241,530, representing 0.1% of its net assets as of period end, and an original cost of $555,739.

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

^(h)	When-issued security.

⁽ⁱ⁾	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.

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

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

^(l)	Convertible security.

^(m)	Zero-coupon bond.

⁽ⁿ⁾	Rounds to less than 1,000.

^(o)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

^(p)	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.

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

^(r)	Represents or includes a TBA transaction.

^(s)	Affiliate of the Fund.

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

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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

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

Certain investments of the Fund were fair valued using net asset value (“NAV”) as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $295,713,515 are categorized as Level 2 within the fair value hierarchy.

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

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


Affiliated Issuer	Value at 12/31/23		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/24		Shares Held at 03/31/24		Income		Capital Gain Distributions from Underlying Funds

BlackRock Liquidity Funds, T-Fund, Institutional Class	$	5,762,133	$	—	$	(3,641,814	)^(a)	$	—	$	—	$	2,120,319		2,120,319	$	53,100	$	—



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

Long Contracts
10-Year U.S. Ultra Long Treasury Note		83		06/18/24	$	9,513	$	6,143
2-Year U.S. Treasury Note		464		06/28/24		94,881		(72,546	)
5-Year U.S. Treasury Note		111		06/28/24		11,879		(8,139	)


								(74,542	)

Short Contracts
10-Year U.S. Treasury Note		356		06/18/24		39,444		(234,220	)
U.S. Long Bond		72		06/18/24		8,672		(183,499	)
Ultra U.S. Treasury Bond		29		06/18/24		3,741		(84,347	)


								(502,066	)


							$	(576,608	)



Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)

USD	45,363		EUR	41,279	The Bank of New York Mellon		05/16/24	$	753
USD	276,408		EUR	251,523	The Bank of New York Mellon		05/16/24		4,587
USD	72,260		EUR	66,000	Barclays Bank PLC		06/20/24		831
USD	108,627		EUR	100,000	State Street Bank and Trust Co.		06/20/24		401
USD	108,647		EUR	99,000	State Street Bank and Trust Co.		06/20/24		1,504
USD	7,393,492		EUR	6,761,000	UBS AG		06/20/24		76,359
USD	127,249		GBP	100,000	HSBC Bank PLC		06/20/24		982
USD	1,166,874		GBP	916,000	HSBC Bank PLC		06/20/24		10,267
USD	1,247,129		GBP	979,000	HSBC Bank PLC		06/20/24		10,974
USD	115,008		GBP	91,000	JPMorgan Chase Bank N.A.		06/20/24		105


								$	106,763



Reference Obligation/Index	Financing Rate Paid by the Fund			Payment Frequency		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)

CDX.NA.HY.41.V2		5.00	%		Quarterly		12/20/28	USD	8,435	$	(635,033	)	$	(239,834	)	$	(395,199	)
CDX.NA.IG.41.V1		1.00			Quarterly		12/20/28	USD	24,430		(566,089	)		(353,151	)		(212,938	)


										$	(1,201,122	)	$	(592,985	)	$	(608,137	)


Reference Obligation/Index	Financing Rate Received by the Fund		Payment Frequency	Counterparty	Termination Date	Credit Rating	^(a)		Notional Amount (000)	^(b)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)

Virgin Media Finance PLC	5.00	%	Quarterly	JPMorgan Chase Bank N.A.	12/20/25	B-		EUR	10		$	672		$	544		$	128
CMA CGM SA	5.00		Quarterly	Morgan Stanley & Co. International PLC	06/20/27	N/R		EUR	30			3,533			4,963			(1,430	)
Adler Real Estate AG	5.00		Quarterly	Bank of America N.A.	12/20/27	N/R		EUR	7			(372	)		(1,256	)		884
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	N/R		EUR	4			(223	)		(737	)		514
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	N/R		EUR	12			(627	)		(2,074	)		1,447
Adler Real Estate AG	5.00		Quarterly	Citibank N.A.	12/20/27	N/R		EUR	4			(182	)		(617	)		435
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/27	N/R		EUR	7			(382	)		(1,299	)		917
Adler Real Estate AG	5.00		Quarterly	Morgan Stanley & Co. International PLC	12/20/27	N/R		EUR	5			(277	)		(925	)		648
Faurecia SE	5.00		Quarterly	Barclays Bank PLC	06/20/29	BB		EUR	20			2,799			2,757			42
Ziggo Bond Co. BV	5.00		Quarterly	Bank of America N.A.	06/20/29	B-		EUR	11			713			909			(196	)
CMBX.NA.15	3.00		Monthly	Morgan Stanley & Co. International PLC	11/15/64	N/R		USD	2,318			(327,517	)		(428,748	)		101,231


											$	(321,863	)	$	(426,483	)	$	104,620



	Level 1		Level 2		Level 3		Total

Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	39,438,834	$	904,786	$	40,343,620
Common Stocks		—		237,329		512,409		749,738
Corporate Bonds
Aerospace & Defense		—		14,671,687		—		14,671,687
Air Freight & Logistics		—		26,737		—		26,737
Automobile Components		—		5,329,630		—		5,329,630
Automobiles		—		3,993,093		—		3,993,093
Banks		—		5,268,431		—		5,268,431
Beverages		—		760,248		—		760,248
Biotechnology		—		104,514		—		104,514
Broadline Retail		—		347,181		—		347,181
Building Products		—		5,348,887		—		5,348,887
Capital Markets		—		4,043,416		—		4,043,416
Chemicals		—		7,326,485		—		7,326,485
Commercial Services & Supplies		—		15,910,061		—		15,910,061
Communications Equipment		—		1,669,619		—		1,669,619
Construction & Engineering		—		2,385,444		—		2,385,444
Construction Materials		—		7,784,800		—		7,784,800
Consumer Finance		108,695		10,344,261		—		10,452,956
Consumer Staples Distribution & Retail		—		4,673,626		—		4,673,626
Containers & Packaging		—		8,986,463		—		8,986,463
Diversified Consumer Services		—		2,391,946		—		2,391,946
Diversified REITs		—		3,921,698		—		3,921,698
Diversified Telecommunication Services		110,442		18,519,580		—		18,630,022
Electric Utilities		—		4,279,790		—		4,279,790
Electrical Equipment		—		1,088,147		—		1,088,147
Electronic Equipment, Instruments & Components		—		1,518,626		—		1,518,626
Energy Equipment & Services		—		4,336,147		—		4,336,147
Entertainment		—		664,600		—		664,600
Environmental, Maintenance & Security Service		—		5,093,376		—		5,093,376
Financial Services		—		6,056,303		—		6,056,303
Food Products		—		2,713,353		—		2,713,353
Gas Utilities		—		391,545		—		391,545
Ground Transportation		—		4,672,779		—		4,672,779
Health Care Equipment & Supplies		—		5,093,591		—		5,093,591
Health Care Providers & Services		—		15,162,797		—		15,162,797
Health Care REITs		—		858,561		—		858,561
Health Care Technology		—		1,978,320		—		1,978,320
Hotel & Resort REITs		—		3,558,345		—		3,558,345
Hotels, Restaurants & Leisure		—		28,540,589		—		28,540,589
Household Durables		—		2,580,013		—		2,580,013
Household Products		—		545,026		—		545,026
Independent Power and Renewable Electricity Producers		—		3,664,162		—		3,664,162
Insurance		—		25,236,219		—		25,236,219
Interactive Media & Services		—		872,117		—		872,117
Internet Software & Services		—		1,293,115		—		1,293,115
IT Services		—		4,296,039		—		4,296,039
Leisure Products		—		508,727		—		508,727
Machinery		—		8,215,571		—		8,215,571
Marine Transportation		—		102,050		—		102,050
Media		—		29,814,873		—		29,814,873
Metals & Mining		—		10,946,839		—		10,946,839
Mortgage Real Estate Investment Trusts (REITs)		—		434,550		—		434,550
Office REITs		—		406,317		—		406,317
Oil, Gas & Consumable Fuels		—		45,034,818		1,103,393		46,138,211
Passenger Airlines		—		3,218,160		—		3,218,160
Personal Care Products		—		263,012		—		263,012
Pharmaceuticals		—		4,739,507		—		4,739,507



	Asset-Backed Securities			Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests			Unfunded Floating Rate Loan Interests			Total


Assets
Opening balance, as of December 31, 2023	$	878,506		$	220,616		$	1,153,042		$	8,429,727		$	—	^(a)		470			10,682,361
Transfers into Level 3		—			—			—			512,177			—			—			512,177
Transfers out of Level 3		—			(92,408	)		(25,891	)		(3,696,347	)		—			—			(3,814,646	)
Accrued discounts/premiums		(2,929	)		—			—			14,907			—			—			11,978
Net realized gain (loss)		—			—			—			(451,719	)		—			—			(451,719	)
Net change in unrealized appreciation (depreciation)^(b)		29,209			(87,319	)		(2,653	)		511,342			—			(118	)		450,461
Purchases		—			471,520			—			5,035,092			—			—			5,506,612
Sales		—			—			(21,105	)		(3,132,978	)		—			—			(3,154,083	)


Closing balance, as of March 31, 2024	$	904,786		$	512,409		$	1,103,393		$	7,222,201		$	—	^(a)		352			9,743,141


Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2024^(b)	$	29,209		$	(87,319	)	$	(2,653	)	$	89,326		$	—			(118	)		28,445


Currency Abbreviation

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviation

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

ETF		Exchange-Traded Fund

EURIBOR		Euro Interbank Offered Rate

LIBOR		London Interbank Offered Rate

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust

SOFR		Secured Overnight Financing Rate

SONIA		Sterling Overnight Interbank Average Rate

TBA		To-Be-Announced