NPORT-EX 2 tiaa_JGH.htm
1
Portfolio of Investments September 30, 2025
JGH
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 138.1% (98.9% of Total Investments)
ASSET-BACKED SECURITIES - 1.9% (1.2% of Total Investments)
–
$
625,000
(a)
Elara Hgv Timeshare Issuer 2025-A LLC, Series 2025 A
6.910
%
01/25/40
$
622,597
1,315,000
(a),(b)
Gracie Point International Funding 2025-1 LLC, Series 2025 1A,
(SOFR30A + 2.750%)
7.104
08/15/28
1,316,151
1,000,000
(a),(b)
Gracie Point International Funding 2025-1 LLC, Series 2025 1A,
(SOFR30A + 4.500%)
8.854
08/15/28
1,000,510
733,607
(a),(c)
Industrial DPR Funding Ltd, Series 2022 1A
5.380
04/15/34
659,813
900,000
(a)
Lmrk Issuer Co 2 LLC, Series 2025 1A
8.120
09/15/55
903,621
500,000
(a)
MetroNet Infrastructure Issuer LLC, Series 2025 2A
7.830
08/20/55
507,431
1,000,000
(a),(b)
Neuberger Berman Loan Advisers CLO 48 Ltd, Series 2022
48A, (TSFR3M + 2.700%)
7.018
04/25/36
1,001,430
TOTAL ASSET-BACKED SECURITIES
(Cost $6,076,038)
6,011,553
SHARES
DESCRIPTION
VALUE
755,921
COMMON STOCKS - 0.2% (0.2% of Total Investments)
755,921
TRANSPORTATION - 0.2%
47,127
(d)
Grupo Aeromexico SAB de CV
755,921
TOTAL TRANSPORTATION
755,921
TOTAL COMMON STOCKS
(Cost $885,858)
755,921
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
295820359
CORPORATE BONDS - 90.8% (65.0% of Total Investments) (e)
295820359
AUTOMOBILES & COMPONENTS - 1.9%
1,500,000
(a)
Dealer Tire LLC / DT Issuer LLC
8.000
02/01/28
1,483,565
1,370,000
(a)
Dornoch Debt Merger Sub Inc
6.625
10/15/29
1,178,255
2,815,000
(a)
IHO Verwaltungs GmbH
8.000
11/15/32
2,954,182
476,000
(a)
Nemak SAB de CV
3.625
06/28/31
416,128
TOTAL AUTOMOBILES & COMPONENTS
6,032,130
BANKS - 11.5%
875,000
(a),(f)
Access Bank PLC
6.125
09/21/26
869,371
1,800,000
(g),(h)
Banco Bilbao Vizcaya Argentaria SA
9.375
N/A
2,008,394
475,000
(a),(h)
Banco Davivienda SA
8.125
07/02/35
492,358
400,000
(a),(g),(h)
Banco de Credito e Inversiones SA
8.750
N/A
433,000
1,000,000
(a),(g),(h)
Banco del Estado de Chile
7.950
N/A
1,066,811
1,975,000
(a),(g),(h)
Banco Mercantil del Norte SA/Grand Cayman
8.375
N/A
2,112,091
1,125,000
(a),(g),(h)
Banco Mercantil del Norte SA/Grand Cayman
8.750
N/A
1,202,267
4,200,000
(g),(h)
Banco Santander SA
9.625
N/A
5,065,300
800,000
(h)
Bancolombia SA
8.625
12/24/34
863,888
1,475,000
(g),(h)
Barclays PLC
8.000
N/A
1,561,356
1,000,000
(a),(h)
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico/TX
8.450
06/29/38
1,109,731
3,560,000
(a),(g),(h)
BNP Paribas SA
7.450
N/A
3,715,739
500,000
(a)
Ecobank Transnational Inc
10.125
10/15/29
531,076
2,000,000
(b),(g),(i)
Fifth Third Bancorp (TSFR3M + 3.295%)
7.296
N/A
1,993,972
1,500,000
(b),(g),(i)
First Citizens BancShares Inc/NC (TSFR3M + 4.234%)
8.271
N/A
1,544,652
1,050,000
(a)
Grupo Aval Ltd
4.375
02/04/30
996,897
3,000,000
(g),(h)
ING Groep NV, Reg S
7.500
N/A
3,117,421
2,000,000
(g),(h)
Lloyds Banking Group PLC
8.000
N/A
2,160,922
1,000,000
(g),(h)
Lloyds Banking Group PLC
6.750
N/A
1,023,506
1,400,000
(g),(h)
NatWest Group PLC
8.125
N/A
1,576,057
500,000
(a),(g),(i)
NBK Tier 1 Ltd
3.625
N/A
489,892
1,000,000
(a),(g),(h)
Societe Generale SA
10.000
N/A
1,107,702
750,000
(a),(i)
Turkiye Vakiflar Bankasi TAO
8.994
10/05/34
790,018
1,000,000
(a),(i)
Yapi ve Kredi Bankasi AS
9.250
01/17/34
1,062,962
TOTAL BANKS
36,895,383
Portfolio of Investments September 30, 2025
(continued)
JGH
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL GOODS - 2.9%
$
545,000
(a)
AmeriTex HoldCo Intermediate LLC
7.625
%
08/15/33
$
567,230
1,000,000
(a)
Camelot Return Merger Sub Inc
8.750
08/01/28
967,505
1,100,000
(a)
Cornerstone Building Brands Inc
9.500
08/15/29
1,068,804
1,000,000
(a)
CP Atlas Buyer Inc, (cash 12.750%, PIK 5.750%)
12.750
01/15/31
998,763
500,000
(a)
Dcli Bidco LLC
7.750
11/15/29
519,886
500,000
(a)
IHS Holding Ltd
6.250
11/29/28
500,692
1,250,000
(a),(f)
IHS Holding Ltd
8.250
11/29/31
1,312,619
2,400,000
(a),(i)
ILFC E-Capital Trust I
6.270
12/21/65
2,027,264
640,000
(a)
New Flyer Holdings Inc
9.250
07/01/30
685,036
925,000
(a)
Sisecam UK PLC
8.625
05/02/32
965,828
TOTAL CAPITAL GOODS
9,613,627
COMMERCIAL & PROFESSIONAL SERVICES - 2.6%
200,000
(a)
Ambipar Lux Sarl
9.875
02/06/31
34,100
3,600,000
(a)
Garda World Security Corp
8.375
11/15/32
3,736,896
1,450,000
(a)
Neptune Bidco US Inc
9.290
04/15/29
1,423,451
1,625,000
(a)
RR Donnelley & Sons Co
9.500
08/01/29
1,665,406
2,000,000
(a)
RR Donnelley & Sons Co
10.875
08/01/29
1,994,635
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
8,854,488
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 3.1%
1,750,000
Kohl's Corp
4.625
05/01/31
1,381,537
2,000,000
(a)
Kohl's Corp
10.000
06/01/30
2,174,672
750,000
(a)
LBM Acquisition LLC
6.250
01/15/29
694,219
1,000,000
(a)
LBM Acquisition LLC
9.500
06/15/31
1,050,819
2,750,000
(a)
Michaels Cos Inc/The
5.250
05/01/28
2,531,125
505,000
(a)
Park River Holdings Inc
8.000
03/15/31
511,401
700,000
(a)
PetSmart Inc / PetSmart Finance Corp
10.000
09/15/33
706,411
1,000,000
(a)
Staples Inc
10.750
09/01/29
988,770
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
10,038,954
CONSUMER DURABLES & APPAREL - 3.1%
4,200,000
(a)
Beach Acquisition Bidco LLC
10.000
07/15/33
4,530,380
2,000,000
(a)
CD&R Smokey Buyer Inc
9.500
10/15/29
1,564,156
600,000
(a)
Champ Acquisition Corp
8.375
12/01/31
637,881
1,200,000
Newell Brands Inc
5.750
04/01/46
1,057,437
2,400,000
(a)
S&S Holdings LLC
8.375
10/01/31
2,352,861
TOTAL CONSUMER DURABLES & APPAREL
10,142,715
CONSUMER SERVICES - 2.4%
1,900,000
(a)
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co
Inc
6.750
01/15/30
1,783,022
2,000,000
(a)
Merlin Entertainments Group US Holdings Inc
7.375
02/15/31
1,723,404
500,000
(a)
Motion Bondco DAC
6.625
11/15/27
489,509
1,420,000
(a)
Motion Finco Sarl
8.375
02/15/32
1,227,849
2,500,000
(a)
Muvico LLC
15.000
02/19/29
2,711,150
TOTAL CONSUMER SERVICES
7,934,934
ENERGY - 14.1%
1,000,000
(a)
Baytex Energy Corp
7.375
03/15/32
979,107
500,000
(f)
Ecopetrol SA
7.750
02/01/32
517,406
625,000
(f)
Ecopetrol SA
6.875
04/29/30
640,460
1,000,000
(f)
Ecopetrol SA
5.875
11/02/51
740,767
1,500,000
(f)
Ecopetrol SA
8.875
01/13/33
1,625,974
80,000
Ecopetrol SA
8.375
01/19/36
82,623
2,000,000
(i)
Enbridge Inc
8.500
01/15/84
2,287,430
2,351,000
(a)
Energean Israel Finance Ltd, Reg S
5.875
03/30/31
2,247,725
485,000
(a)
Energean Israel Finance Ltd, Reg S
8.500
09/30/33
511,919
1,000,000
(g),(i)
Energy Transfer LP
7.125
N/A
1,033,297
550,000
(a)
Gran Tierra Energy Inc
9.500
10/15/29
465,406
1,000,000
(a)
Hilcorp Energy I LP / Hilcorp Finance Co
7.250
02/15/35
977,287
500,000
(a)
Hunt Oil Co of Peru LLC Sucursal Del Peru
7.750
11/05/38
551,250
1,000,000
(a)
Indika Energy Tbk PT
8.750
05/07/29
1,002,218
725,000
(a)
Kosmos Energy Ltd
8.750
10/01/31
562,427
1,250,000
(a)
Leviathan Bond Ltd, Reg S
6.500
06/30/27
1,252,812
500,000
(a)
Medco Laurel Tree Pte Ltd
6.950
11/12/28
501,655
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
(continued)
$
1,500,000
(a),(f)
Medco Maple Tree Pte Ltd
8.960
%
04/27/29
$
1,564,005
1,000,000
(a)
PBF Holding Co LLC / PBF Finance Corp
9.875
03/15/30
1,048,062
980,000
Petrobras Global Finance BV
6.900
03/19/49
963,830
950,000
Petroleos MexicanosA1
6.625
06/15/35
905,874
5,871,000
(f)
Petroleos Mexicanos
6.700
02/16/32
5,818,179
3,000,000
(b),(g),(i)
Plains All American Pipeline LP (TSFR3M + 4.372%)
8.583
N/A
3,004,497
1,105,000
(i)
South Bow Canadian Infrastructure Holdings Ltd
7.625
03/01/55
1,154,487
575,000
(i)
South Bow Corp
7.500
03/01/55
610,571
3,570,000
(a),(g),(i)
Sunoco LP
7.875
N/A
3,626,085
1,390,000
(a)
TransMontaigne Partners LLC
8.500
06/15/30
1,448,408
1,000,000
(a)
Transocean International Ltd
8.000
02/01/27
998,610
333,750
(a)
Transocean International Ltd
8.750
02/15/30
351,162
715,000
(a),(j)
Transocean International Ltd
7.875
10/15/32
715,000
951,000
(a)
Tullow Oil PLC
10.250
05/15/26
811,916
6,000,000
(a),(g),(i)
Venture Global LNG Inc
9.000
N/A
5,946,478
1,500,000
(a)
YPF SA
8.250
01/17/34
1,444,311
TOTAL ENERGY
46,391,238
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.7%
2,000,000
MPT Operating Partnership LP / MPT Finance Corp
5.000
10/15/27
1,937,455
515,000
(a)
MPT Operating Partnership LP / MPT Finance Corp
8.500
02/15/32
547,219
1,000,000
(a)
Office Properties Income Trust
9.000
03/31/29
1,019,176
2,000,000
(a)
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital
LLC
6.500
02/15/29
1,878,270
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
5,382,120
FINANCIAL SERVICES - 7.1%
2,000,000
(a),(f)
Azorra Finance Ltd
7.750
04/15/30
2,104,778
1,500,000
(c)
Credit Suisse Group AG
7.500
12/31/49
187,500
EUR
2,000,000
(g),(h)
Deutsche Bank AG, Reg S
7.125
N/A
2,476,102
4,500,000
(a)
Encore Capital Group Inc
8.500
05/15/30
4,778,757
2,085,000
(a)
Encore Capital Group Inc
6.625
04/15/31
2,078,932
2,240,000
(a)
Freedom Mortgage Holdings LLC
8.375
04/01/32
2,347,856
1,750,000
Icahn Enterprises LP / Icahn Enterprises Finance Corp
9.000
06/15/30
1,687,381
1,230,000
(a)
Icahn Enterprises LP / Icahn Enterprises Finance Corp
10.000
11/15/29
1,235,434
3,030,000
(a),(g),(h)
UBS Group AG
9.250
N/A
3,608,327
3,000,000
(a)
VistaJet Malta Finance PLC / Vista Management Holding Inc
6.375
02/01/30
2,924,036
TOTAL FINANCIAL SERVICES
23,429,103
FOOD, BEVERAGE & TOBACCO - 3.4%
915,000
(a)
Arcor SAIC
7.600
07/31/33
903,562
2,600,000
(a)
Fiesta Purchaser Inc
9.625
09/15/32
2,806,939
1,000,000
(a)
Grupo Nutresa SA
9.000
05/12/35
1,134,300
1,500,000
(a),(g),(i)
Land O' Lakes Inc
8.000
N/A
1,470,000
1,000,000
(a),(g),(i)
Land O' Lakes Inc
7.000
N/A
870,000
500,000
(a)
Minerva Luxembourg SA
8.875
09/13/33
549,059
2,930,000
(a)
Viking Baked Goods Acquisition Corp
8.625
11/01/31
2,930,633
TOTAL FOOD, BEVERAGE & TOBACCO
10,664,493
HEALTH CARE EQUIPMENT & SERVICES - 6.0%
2,405,000
(a)
CHS/Community Health Systems Inc
10.875
01/15/32
2,547,128
1,900,000
(i)
DENTSPLY SIRONA Inc
8.375
09/12/55
1,958,206
430,000
(a)
Global Medical Response Inc
7.375
10/01/32
442,603
214,000
(a)
Heartland Dental LLC / Heartland Dental Finance Corp
10.500
04/30/28
225,488
1,295,000
(a)
LifePoint Health Inc
11.000
10/15/30
1,427,293
2,520,000
(a)
Prime Healthcare Services Inc
9.375
09/01/29
2,620,800
2,360,036
(a)
Radiology Partners Inc, (cash 9.781%, PIK 9.781%)
9.781
02/15/30
2,307,967
2,630,000
(a)
Radiology Partners Inc
8.500
07/15/32
2,721,619
2,556,250
(a)
Team Health Holdings Inc, (cash 9.000%, PIK 4.500%)
9.000
06/30/28
2,760,750
2,635,000
(a)
Team Health Holdings Inc
8.375
06/30/28
2,691,653
TOTAL HEALTH CARE EQUIPMENT & SERVICES
19,703,507
Portfolio of Investments September 30, 2025
(continued)
JGH
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE - 3.8%
$
1,000,000
(a)
Acrisure LLC / Acrisure Finance Inc
8.500
%
06/15/29
$
1,049,854
3,880,000
(a)
APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /
APH3 Somerset Inves
7.875
11/01/29
4,049,246
1,045,000
(a),(f)
Ardonagh Finco Ltd
7.750
02/15/31
1,093,477
1,575,000
(a),(f)
Ardonagh Group Finance Ltd
8.875
02/15/32
1,655,789
1,939,000
(a),(i)
Enstar Group Ltd
7.500
04/01/45
2,022,210
1,000,000
(a),(i)
Fidelis Insurance Holdings Ltd
6.625
04/01/41
997,154
1,000,000
(a),(g),(i)
SBL Holdings Inc
9.508
N/A
1,039,976
1,000,000
(a),(g),(i)
SBL Holdings Inc
6.500
N/A
972,592
TOTAL INSURANCE
12,880,298
MATERIALS - 4.4%
1,000,000
(a)
Clydesdale Acquisition Holdings Inc
8.750
04/15/30
1,027,243
1,660,000
(a)
Compass Minerals International Inc
8.000
07/01/30
1,734,994
300,000
(a)
First Quantum Minerals Ltd
8.625
06/01/31
315,229
3,000,000
(i)
FMC Corp
8.450
11/01/55
3,166,152
300,000
(a)
LD Celulose International GmbH
7.950
01/26/32
317,178
1,000,000
(a)
Limak Cimento Sanayi ve Ticaret AS
9.750
07/25/29
1,026,865
360,000
(a),(j)
Mineral Resources Ltd
7.000
04/01/31
364,657
750,000
(a)
Orbia Advance Corp SAB de CV
7.500
05/13/35
789,000
2,020,000
(a)
Owens-Brockway Glass Container Inc
7.250
05/15/31
2,056,312
1,500,000
Sasol Financing USA LLC
5.500
03/18/31
1,320,520
545,000
(a)
Trivium Packaging Finance BV
8.250
07/15/30
581,375
2,000,000
(a)
WR Grace Holdings LLC
5.625
08/15/29
1,858,996
TOTAL MATERIALS
14,558,521
MEDIA & ENTERTAINMENT - 2.9%
2,000,000
(a)
Advantage Sales & Marketing Inc
6.500
11/15/28
1,721,443
1,715,000
(a)
Directv Financing LLC
8.875
02/01/30
1,693,942
1,058,000
(a)
EW Scripps Co/The
9.875
08/15/30
993,079
1,000,000
(a)
Gray Media Inc
7.250
08/15/33
990,953
3,530,000
(a)
Univision Communications Inc
7.375
06/30/30
3,546,891
650,000
(a)
Univision Communications Inc
9.375
08/01/32
692,684
TOTAL MEDIA & ENTERTAINMENT
9,638,992
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.2%
1,000,000
(a)
1261229 BC Ltd
10.000
04/15/32
1,025,052
500,000
(a)
Bausch Health Americas Inc
8.500
01/31/27
495,000
1,000,000
(a)
Bausch Health Cos Inc
4.875
06/01/28
895,000
1,250,000
(a)
Bausch Health Cos Inc
11.000
09/30/28
1,300,024
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
3,715,076
REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.8%
1,558,400
(a)
Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp
7.000
04/15/30
1,577,105
1,000,000
Kennedy-Wilson Inc
4.750
03/01/29
955,467
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
2,532,572
SOFTWARE & SERVICES - 1.5%
5,000,000
(a)
Condor Merger Sub Inc
7.375
02/15/30
4,637,957
1,022,875
(a)
Rackspace Finance LLC
3.500
05/15/28
423,409
TOTAL SOFTWARE & SERVICES
5,061,366
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6%
1,000,000
(a)
Viasat Inc
6.500
07/15/28
977,396
1,000,000
(a)
Viasat Inc
7.500
05/30/31
938,400
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT
1,915,796
TELECOMMUNICATION SERVICES - 5.3%
355,000
(a),(k)
Altice France SA
8.125
02/01/27
337,859
1,000,000
(a)
Altice France SA
5.125
07/15/29
854,000
665,000
(a),(f)
C&W Senior Finance Ltd
9.000
01/15/33
695,402
1,000,000
EchoStar Corp
10.750
11/30/29
1,100,170
1,500,000
(a),(f)
Liberty Costa Rica Senior Secured Finance
10.875
01/15/31
1,600,905
2,295,000
(a)
Maya SAS/Paris France
8.500
04/15/31
2,461,372
525,000
(a)
Millicom International Cellular SA
7.375
04/02/32
548,643
2,026,000
(i)
Rogers Communications Inc
7.125
04/15/55
2,147,891
200,000
(a)
Sable International Finance Ltd
7.125
10/15/32
203,078
1,000,000
(a)
Telesat Canada / Telesat LLC
5.625
12/06/26
800,000
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TELECOMMUNICATION SERVICES
(continued)
$
760,000
(a)
Windstream Escrow LLC / Windstream Escrow Finance Corp
8.250
%
10/01/31
$
787,266
960,000
(a),(j)
Windstream Services LLC
7.500
10/15/33
959,741
1,000,000
(a)
Zayo Group Holdings Inc
6.125
03/01/28
941,250
476,089
(a)
Zayo Group Holdings Inc
9.250
03/09/30
455,856
2,036,461
(a)
Zayo Group Holdings Inc
13.750
09/09/30
1,929,546
1,124,000
(a)
Zegona Finance PLC
8.625
07/15/29
1,196,498
TOTAL TELECOMMUNICATION SERVICES
17,019,477
TRANSPORTATION - 1.7%
1,000,000
(a)
Grupo Aeromexico SAB de CV
8.625
11/15/31
998,650
750,000
(a)
Latam Airlines Group SA
7.875
04/15/30
780,338
1,750,000
(a),(f)
Transnet/South Africa
8.250
02/06/28
1,845,950
1,475,000
(a)
VistaJet Malta Finance PLC / Vista Management Holding Inc
9.500
06/01/28
1,535,511
TOTAL TRANSPORTATION
5,160,449
UTILITIES - 8.8%
600,000
(a),(i)
AES Andes SA
8.150
06/10/55
634,426
1,667,000
(i)
AES Corp/The
7.600
01/15/55
1,726,772
2,047,000
(a),(i)
AltaGas Ltd
7.200
10/15/54
2,117,443
482,250
(a)
Continuum Green Energy India Pvt / Co-Issuers
7.500
06/26/33
510,228
400,000
(a)
Empresa de Transmision Electrica SA
5.125
05/02/49
304,564
1,400,000
(a),(f)
Eskom Holdings SOC Ltd
6.350
08/10/28
1,437,130
500,000
(a),(f)
Eskom Holdings SOC Ltd
8.450
08/10/28
534,187
2,500,000
(i)
EUSHI Finance Inc
7.625
12/15/54
2,621,020
2,000,000
(a)
Ferrellgas LP / Ferrellgas Finance Corp
5.875
04/01/29
1,861,284
1,250,000
(a)
LONG RIDGE ENERGY LLC
8.750
02/15/32
1,284,885
1,500,000
(a),(g),(i)
NRG Energy Inc
10.250
N/A
1,635,549
1,000,000
(a)
Pampa Energia SA
7.875
12/16/34
986,000
3,360,000
(i)
PG&E Corp
7.375
03/15/55
3,451,896
1,500,000
(a)
Saavi Energia Sarl
8.875
02/10/35
1,614,300
275,000
(a)
Trinidad Generation UnLtd
7.750
06/16/33
288,981
551,554
(a)
UEP Penonome II SA2020 1
6.500
10/01/38
492,333
4,000,000
(a),(g),(i)
Vistra Corp
8.875
N/A
4,394,572
2,250,000
(a)
XPLR Infrastructure Operating Partners LP
8.625
03/15/33
2,359,550
TOTAL UTILITIES
28,255,120
TOTAL CORPORATE BONDS
(Cost $288,741,888)
295,820,359
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED SECURITIES - 1.6% (1.2% of Total Investments)
–
2,000,000
(b)
Benchmark 2019-B14 Mortgage Trust, Series 2019 B14
3.903
12/15/62
1,404,922
2,000,000
(a),(b)
ILPT Commercial Mortgage Trust 2025-LPF2, Series 2025 LPF2
8.472
07/13/42
2,069,753
1,000,000
(a)
Lmrk Issuer Co 2 LLC, Series 2025 1A
6.200
09/15/55
1,004,387
1,250,000
(a),(b)
MFT Trust 2020-ABC, Series 2020 ABC
3.593
02/10/42
917,341
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $5,310,953)
5,396,403
SHARES
DESCRIPTION
RATE
VALUE
5575006
PREFERRED STOCK - 1.8% (1.2% of Total Investments)
5575006
BANKS - 0.7%
83,200
Wintrust Financial Corp
7.875
2,259,712
TOTAL BANKS
2,259,712
FINANCIAL SERVICES - 0.3%
33,625
Synchrony Financial
8.250
870,215
TOTAL FINANCIAL SERVICES
870,215
INSURANCE - 0.8%
102,091
Enstar Group Ltd
7.000
2,445,079
TOTAL INSURANCE
2,445,079
TOTAL PREFERRED STOCK
(Cost $4,956,117)
5,575,006
Portfolio of Investments September 30, 2025
(continued)
JGH
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
59987553
SOVEREIGN DEBT - 18.3% (13.1% of Total Investments)
59987553
ANGOLA - 1.0%
$
1,500,000
(a)
Angolan Government International Bond
8.250
%
05/09/28
$
1,507,423
900,000
(a)
Angolan Government International Bond
8.000
11/26/29
875,866
1,050,000
(a)
Angolan Government International Bond
8.750
04/14/32
1,001,413
TOTAL ANGOLA
3,384,702
ARGENTINA - 1.4%
1,060,000
Argentine Republic Government International Bond
0.750
07/09/30
711,790
4,500,000
Argentine Republic Government International Bond
4.125
07/09/35
2,337,750
3,025,000
Argentine Republic Government International Bond
5.000
01/09/38
1,698,538
TOTAL ARGENTINA
4,748,078
BARBADOS - 0.5%
1,500,000
(a)
Barbados Government International Bond
8.000
06/26/35
1,559,730
TOTAL BARBADOS
1,559,730
BENIN - 0.7%
EUR
1,050,000
(a)
Benin Government International Bond
4.950
01/22/35
1,130,261
1,025,000
(a)
Benin Government International Bond
7.960
02/13/38
1,048,968
TOTAL BENIN
2,179,229
BRAZIL - 0.3%
1,000,000
Brazilian Government International Bond
7.125
05/13/54
1,013,000
TOTAL BRAZIL
1,013,000
COLOMBIA - 1.3%
EUR
1,065,000
Colombia Government International Bond
5.000
09/19/32
1,234,746
1,400,000
Colombia Government International Bond
5.625
02/26/44
1,144,570
700,000
Colombia Government International Bond
8.750
11/14/53
767,655
1,000,000
(f)
Colombia Government International Bond
7.750
11/07/36
1,047,500
TOTAL COLOMBIA
4,194,471
COTE D'IVOIRE - 1.4%
750,000
(a)
Ivory Coast Government International Bond
6.125
06/15/33
719,049
EUR
1,625,000
(a)
Ivory Coast Government International Bond
6.875
10/17/40
1,778,699
1,162,057
(a)
Ivory Coast Government International Bond
5.750
12/31/32
1,146,174
1,000,000
(a)
Ivory Coast Government International Bond
8.450
04/01/36
1,033,900
TOTAL COTE D'IVOIRE
4,677,822
ECUADOR - 0.6%
371,475
(a)
Ecuador Government International Bond
1.000
07/31/35
276,749
1,767,500
(a)
Ecuador Government International Bond
5.000
07/31/30
1,564,237
88,000
(a)
Ecuador Government International Bond
5.000
07/31/40
57,860
TOTAL ECUADOR
1,898,846
EGYPT - 1.9%
1,225,000
(a)
Egypt Government International Bond
8.625
02/04/30
1,298,523
1,700,000
(a)
Egypt Government International Bond
7.600
03/01/29
1,755,989
2,300,000
(a)
Egypt Government International Bond
7.053
01/15/32
2,213,221
975,000
(a)
Egypt Government International Bond
8.500
01/31/47
858,926
TOTAL EGYPT
6,126,659
EL SALVADOR - 0.5%
1,000,000
(a)
El Salvador Government International Bond
0.250
04/17/30
23,861
1,575,000
(a),(f)
El Salvador Government International Bond
9.250
04/17/30
1,716,750
TOTAL EL SALVADOR
1,740,611
HONDURAS - 0.4%
1,300,000
(a),(f)
Honduras Government International Bond
8.625
11/27/34
1,426,750
TOTAL HONDURAS
1,426,750
IRAQ - 0.3%
968,750
(a)
Iraq International Bond
5.800
01/15/28
962,776
TOTAL IRAQ
962,776
KENYA - 0.6%
750,000
(a),(f)
Republic of Kenya Government International Bond
9.750
02/16/31
800,391
1,000,000
(a),(f)
Republic of Kenya Government International Bond
9.500
03/05/36
1,024,490
TOTAL KENYA
1,824,881
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NIGERIA - 0.9%
$
1,425,000
(a),(f)
Nigeria Government International Bond
10.375
%
12/09/34
$
1,582,331
1,425,000
(a),(f)
Nigeria Government International Bond
7.875
02/16/32
1,412,190
TOTAL NIGERIA
2,994,521
ROMANIA - 0.3%
1,000,000
(a)
Romanian Government International Bond
7.500
02/10/37
1,073,238
TOTAL ROMANIA
1,073,238
RWANDA - 0.7%
2,450,000
(a)
Rwanda International Government Bond
5.500
08/09/31
2,197,167
TOTAL RWANDA
2,197,167
SENEGAL - 0.7%
2,100,000
(a)
Senegal Government International Bond
6.250
05/23/33
1,515,921
1,325,000
(a)
Senegal Government International Bond
6.750
03/13/48
823,013
TOTAL SENEGAL
2,338,934
SOUTH AFRICA - 1.2%
1,400,000
Republic of South Africa Government International Bond
5.000
10/12/46
1,047,724
1,475,000
(f)
Republic of South Africa Government International Bond
7.300
04/20/52
1,416,322
1,500,000
(a),(f)
Republic of South Africa Government International Bond
7.100
11/19/36
1,563,769
TOTAL SOUTH AFRICA
4,027,815
TURKEY - 2.1%
EUR
850,000
Turkiye Government International Bond
5.200
08/17/31
1,010,819
1,225,000
Turkiye Government International Bond
6.000
01/14/41
1,067,834
1,375,000
Turkiye Government International Bond
4.875
04/16/43
1,019,344
1,500,000
Turkiye Government International Bond
6.500
09/20/33
1,484,992
2,225,000
Turkiye Government International Bond
7.625
05/15/34
2,359,347
TOTAL TURKEY
6,942,336
UKRAINE - 0.2%
479,899
(a)
Ukraine Government International Bond
1.750
02/01/29
326,331
617,307
(a)
Ukraine Government International Bond
0.000
02/01/35
297,851
131,089
(a)
Ukraine Government International Bond
0.000
02/01/36
63,119
TOTAL UKRAINE
687,301
UZBEKISTAN - 0.9%
1,075,000
(a)
Republic of Uzbekistan International Bond
5.375
02/20/29
1,077,714
1,900,000
(a)
Republic of Uzbekistan International Bond
3.900
10/19/31
1,745,174
TOTAL UZBEKISTAN
2,822,888
ZAMBIA - 0.4%
1,219,679
(a)
Zambia Government International Bond
5.750
06/30/33
1,165,798
TOTAL ZAMBIA
1,165,798
TOTAL SOVEREIGN DEBT
(Cost $58,691,189)
59,987,553
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
75620002
VARIABLE RATE SENIOR LOAN INTERESTS - 23.5% (17.0% of Total Investments)
75620002
AUTOMOBILES & COMPONENTS - 0.6%
2,000,000
(b)
Clarios Global LP, Term Loan B, (TSFR1M + 2.750%)
6.913
01/28/32
2,003,750
TOTAL AUTOMOBILES & COMPONENTS
2,003,750
CAPITAL GOODS - 1.2%
886,528
(b)
TransDigm, Inc., Term Loan J, (TSFR3M + 2.500%)
6.502
02/28/31
887,091
2,972,402
(b)
Windsor Holdings III, LLC, Term Loan B, (TSFR1M + 2.750%)
6.916
08/01/30
2,978,599
TOTAL CAPITAL GOODS
3,865,690
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
3,000,000
(b)
Allied Universal Holdco LLC, Term Loan B, (TSFR1M + 3.250%)
7.513
08/20/32
3,014,670
1,281,787
(b)
WIN Waste Innovations Holdings, Inc., Incremental Term Loan,
(TSFR1M + 3.750%)
8.028
03/27/28
1,293,804
TOTAL COMMERCIAL & PROFESSIONAL SERVICES
4,308,474
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 1.5%
1,885,750
(b)
Johnstone Supply LLC, Term Loan B, (TSFR1M + 2.500%)
6.635
06/09/31
1,884,571
3,000,000
(b)
PetSmart, Inc., Term Loan B, (TSFR1M + 4.000%)
8.136
08/18/32
2,958,765
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
4,843,336
Portfolio of Investments September 30, 2025
(continued)
JGH
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONSUMER DURABLES & APPAREL - 0.7%
$
2,373,075
(b)
Varsity Brands, Inc., First Lien Term Loan, (TSFR3M + 3.000%)
7.026
%
08/26/31
$
2,376,338
TOTAL CONSUMER DURABLES & APPAREL
2,376,338
CONSUMER SERVICES - 0.5%
1,194,000
(b)
GBT US III LLC, Term Loan B, (TSFR3M + 2.500%)
6.814
07/28/31
1,198,000
343,891
(b)
GVC Holdings (Gibraltar) Limited, Term Loan B6 (2029),
(SOFR90A + 2.250%)
6.370
10/31/29
344,235
TOTAL CONSUMER SERVICES
1,542,235
FINANCIAL SERVICES - 0.3%
495,009
(b)
AAL Delaware Holdco, Inc., Term Loan, (TSFR1M + 2.750%)
6.913
07/30/31
496,742
308,000
(b)
Tiger Acquisition, LLC, Term Loan B, (TSFR1M + 2.500%)
6.635
08/23/32
307,395
TOTAL FINANCIAL SERVICES
804,137
FOOD, BEVERAGE & TOBACCO - 1.7%
853,305
(b)
Pegasus BidCo BV, Term Loan B, (TSFR3M + 2.750%)
6.762
07/12/29
857,785
4,383,993
(b)
Triton Water Holdings, Inc, Term Loan B, (TSFR3M + 2.250%)
6.252
03/31/28
4,388,202
TOTAL FOOD, BEVERAGE & TOBACCO
5,245,987
HEALTH CARE EQUIPMENT & SERVICES - 1.5%
1,888,742
(b)
Parexel International Corporation, Term Loan B, (TSFR1M +
2.500%)
6.663
11/15/28
1,892,482
2,985,000
(b)
Zelis Payments Buyer, Inc., 5th Amendment Term Loan,
(TSFR1M + 3.250%)
7.413
11/26/31
2,988,731
TOTAL HEALTH CARE EQUIPMENT & SERVICES
4,881,213
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%
1,969,309
(b)
VC GB Holdings I Corp., First Lien Term Loan, (TSFR3M +
3.500%)
7.763
05/16/28
1,969,309
TOTAL HOUSEHOLD & PERSONAL PRODUCTS
1,969,309
INSURANCE - 2.4%
3,000,000
(b)
Alera Group, Inc., Term Loan, (TSFR1M + 3.250%)
7.413
05/28/32
3,014,565
4,208,615
(b)
Broadstreet Partners, Inc., Term Loan B4, (TSFR1M + 2.750%)
6.913
06/16/31
4,217,285
612,578
(b)
USI, Inc., Term Loan C, (TSFR3M + 2.250%)
6.252
09/27/30
612,449
TOTAL INSURANCE
7,844,299
MATERIALS - 1.7%
947,849
(b)
Berlin Packaging LLC, Term Loan B7, (TSFR1M + TSFR3M +
3.250%)
7.460
06/09/31
951,783
2,045,592
(b)
Nouryon Finance B.V., Term Loan B1, (TSFR1M + 3.250%)
7.500
04/03/28
2,051,566
2,500,000
(b)
Proampac PG Borrower LLC, Term Loan, (TSFR1M + TSFR3M +
4.000%)
8.256
09/15/28
2,512,500
TOTAL MATERIALS
5,515,849
MEDIA & ENTERTAINMENT - 0.4%
1,227,196
(b)
Planet US Buyer LLC, Term Loan B, (TSFR3M + 3.000%)
7.198
02/10/31
1,235,301
TOTAL MEDIA & ENTERTAINMENT
1,235,301
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4%
1,401,205
(b)
Jazz Financing Lux S.a.r.l., First Lien Term Loan B, (TSFR1M +
2.250%)
6.413
05/05/28
1,404,393
3,154,661
(b)
Organon & Co, Term Loan, (TSFR1M + 2.250%)
6.408
05/19/31
3,087,625
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
4,492,018
SOFTWARE & SERVICES - 4.2%
1,354,780
(b)
Boost Newco Borrower, LLC, Term Loan B, (TSFR3M + 2.000%)
6.002
01/31/31
1,358,309
2,189,000
(b)
Boxer Parent Company Inc., Term Loan B, (TSFR3M + 3.000%)
7.199
07/30/31
2,187,971
2,481,250
(b)
Fortress Intermediate 3, Inc, Term Loan B, (TSFR1M + 3.000%)
7.255
06/27/31
2,496,758
282,853
(b)
Javelin Buyer Inc, (TSFR3M + 5.250%)
0.000
12/06/32
283,030
2,768,063
(b)
Javelin Buyer, Inc., Term Loan, (TSFR3M + 2.750%)
7.058
12/08/31
2,768,062
979,533
(b)
Project Alpha Intermediate Holding, Inc., First Lien Term Loan
B, (TSFR3M + 3.250%)
7.252
10/28/30
983,372
218,885
(b)
Rackspace Finance, LLC, First Lien First Out Term Loan,
(TSFR1M + 6.250%)
10.540
05/15/28
221,895
792,000
(b)
UKG Inc., Term Loan B, (TSFR3M + 2.500%)
6.810
02/10/31
792,107
2,307,000
X Corp
9.500
10/29/29
2,317,416
TOTAL SOFTWARE & SERVICES
13,408,920
9
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 0.5%
$
1,465,752
(b)
CommScope, Inc., Term Loan, (TSFR1M + 4.750%)
8.913
%
12/17/29
$
1,485,576
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT
1,485,576
TELECOMMUNICATION SERVICES - 1.3%
2,984,786
(b)
Lumen Technologies, Inc., Extended Term Loan B2, (TSFR1M +
2.350%)
6.628
04/15/30
2,969,877
1,463,796
(b)
Zayo Group Holdings, Inc., Term Loan, (CME Term SOFR 1
Month + 3.000%)
7.278
03/09/27
1,446,991
TOTAL TELECOMMUNICATION SERVICES
4,416,868
TRANSPORTATION - 0.4%
486,281
(b)
American Airlines, Inc., Term Loan, (TSFR3M + 2.250%)
6.575
04/20/28
486,113
585,109
(b)
Brown Group Holding, LLC, Incremental Term Loan B2,
(TSFR1M + TSFR3M + 2.750%)
6.869
07/01/31
586,823
3,415
(b)
SkyMiles IP Ltd., Skymiles Term Loan B, (TSFR3M + 3.750%)
7.752
10/20/27
3,424
TOTAL TRANSPORTATION
1,076,360
UTILITIES - 1.3%
3,682,175
(b)
Talen Energy Supply, LLC, Incremental Term Loan B, (TSFR3M
+ 2.500%)
6.733
12/15/31
3,691,767
610,938
(b)
Talen Energy Supply, LLC, Term Loan B, (TSFR3M + 2.500%)
6.733
05/17/30
612,575
TOTAL UTILITIES
4,304,342
TOTAL VARIABLE RATE SENIOR LOAN INTERESTS
(Cost $75,149,097)
75,620,002
TOTAL LONG-TERM INVESTMENTS
(Cost $439,811,140)
449,166,797
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  1.6%(1.1% of Total Investments)
5,075,000
REPURCHASE AGREEMENTS - 1.6% (1.1% of Total Investments)
5,075,000
5,075,000
(l)
Fixed Income Clearing Corporation
4.150
10/01/25
5,075,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,075,000)
5,075,000
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,075,000)
5,075,000
TOTAL INVESTMENTS - 139.7%
(Cost $444,886,140)
454,241,797
BORROWINGS - (32.8)% (m),(n)
(106,500,000)
REVERSE REPURCHASE AGREEMENTS, INCLUDING ACCRUED INTEREST - (6.5)%(o)
(21,254,218)
OTHER ASSETS & LIABILITIES, NET -  (0.4)%
(1,339,718)
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
325,147,861
EUR
Euro
PIK
Payment-in-kind (“PIK”) security.  Depending on the terms of the security, income may be received in the form of cash, securities, or
a combination of both.  The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the
issuer as of the end of the reporting period.
Reg S
Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering
those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the
registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are
made outside the United States.
SOFR30A
30 Day Average Secured Overnight Financing Rate
SOFR90A
90 Day Average Secured Overnight Financing Rate
TSFR1M
CME Term Secured Overnight Financing Rate 1 Month
TSFR3M
CME Term Secured Overnight Financing Rate 3 Month
(a)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $278,972,646 or 61.4% of Total Investments.
(b)
Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of
the security. Coupon rate reflects the rate at period end.
(c)
For fair value measurement disclosure purposes, investment classified as Level 3.
(d)
Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.
Portfolio of Investments September 30, 2025
(continued)
JGH
10
Principal denominated in U.S. Dollars, unless otherwise noted. 
Investments in Derivatives
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
(e)
Contains $1,000 Par Preferred and/or Contingent Capital Securities.
(f)
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in reverse
repurchase agreements. As of the end of the fiscal period, investments with a value of $31,639,907 have been pledged as collateral
for reverse repurchase agreements.
(g)
Perpetual security. Maturity date is not applicable.
(h)
Contingent Capital Securities (“CoCos”) are debt or preferred securities with loss absorption characteristics built into the terms
of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the
issuer’s common stock under certain adverse circumstances, such as the issuer’s capital ratio falling below a specified level. As of
the end of the reporting period, the Fund’s total investment in CoCos was 7.6% of Total Investments.
(i)
$1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was
12.5% of Total Investments.
(j)
When-issued or delayed delivery security.
(k)
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of
bankruptcy.
(l)
Agreement with Fixed Income Clearing Corporation, 4.150% dated 9/30/25 to be repurchased at $5,075,585 on 10/1/25,
collateralized by Government Agency Securities, with coupon rate 4.500% and maturity date 5/31/29, valued at $5,176,601.
(m)
Borrowings as a percentage of Total Investments is 23.4%.
(n)
The Fund may pledge up to 100% of its eligible investment (excluding any investments pledged as collateral to specific investments
in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings.
(o)
Reverse Repurchase Agreements, including accrued interest as a percentage of Total investments is 4.7%.
Forward Foreign Currency Contracts
Currency Purchased
Notional Amount
(Local Currency)
Currency Sold
Notional Amount
(Local Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
$
1,253,905
EUR
1,057,908
Morgan Stanley Capital Services
LLC
10/10/25
$
11,258
$
5,279,244
EUR
4,478,000
Morgan Stanley Capital Services
LLC
10/10/25
19,265
$
999,256
EUR
849,898
Toronto Dominion Bank
10/10/25
943
Total
        $31,466
Total unrealized appreciation on forward foreign currency contracts
        $31,466
Total unrealized depreciation on forward foreign currency contracts
        $–
EUR
Euro
11
JGH
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Asset-Backed Securities
$
–
$
5,351,740
$
659,813
$
6,011,553
Common Stocks
–
755,921
–
755,921
Corporate Bonds
–
295,632,859
187,500
295,820,359
Mortgage-Backed Securities
–
5,396,403
–
5,396,403
Preferred Stock
5,575,006
–
–
5,575,006
Sovereign Debt
–
59,987,553
–
59,987,553
Variable Rate Senior Loan Interests
–
75,620,002
–
75,620,002
Short-Term Investments:
Repurchase Agreements
–
5,075,000
–
5,075,000
Investments in Derivatives:
Forward Foreign Currency Contracts*
–
31,466
–
31,466
Total
$
5,575,006
$
447,850,944
$
847,313
$
454,273,263
*
Represents net unrealized appreciation (depreciation).