| A: PGHYX | C: PGYCX | Y: GHYYX |
| Principal Amount USD ($) | Value | |||||
| UNAFFILIATED ISSUERS — 96.8% | ||||||
| Senior Secured Floating Rate Loan Interests — 1.6% of Net Assets*(a) | ||||||
| Airlines — 0.5% | ||||||
| 715,000^ | Grupo Aeromexico, SAB de CV, DIP Tranche 1 Term Loan, 9.00% (LIBOR + 800 bps), 3/31/22 | $ 720,362 | ||||
| 329,149(b)^ | Grupo Aeromexico, SAB de CV, DIP Tranche 2 Term Loan, 0.00%, (15.50% PIK 0.00% Cash), 3/31/22 | 325,595 | ||||
| Total Airlines | $1,045,957 | |||||
| Auto Parts & Equipment — 0.3% | ||||||
| 504,983 | First Brands Group LLC, First Lien 2021 Term Loan, 6.00% (LIBOR + 500 bps), 3/30/27 | $ 506,666 | ||||
| Total Auto Parts & Equipment | $506,666 | |||||
| Human Resources — 0.5% | ||||||
| 1,061,707 | Team Health Holdings, Inc., Initial Term Loan, 3.75% (LIBOR + 275 bps), 2/6/24 | $ 1,022,955 | ||||
| Total Human Resources | $1,022,955 | |||||
| Metal Processors & Fabrication — 0.3% | ||||||
| 638,400 | Grinding Media Inc. (Molycop Ltd.), First Lien Initial Term Loan, 4.75% (LIBOR + 400 bps), 10/12/28 | $ 639,996 | ||||
| Total Metal Processors & Fabrication | $639,996 | |||||
| Total Senior Secured Floating Rate Loan Interests (Cost $3,118,912) | $3,215,574 | |||||
| Shares | ||||||
| Common Stocks — 0.1% of Net Assets | ||||||
| Chemicals — 0.0%† | ||||||
| 148 | LyondellBasell Industries NV, Class A | $ 14,316 | ||||
| Total Chemicals | $14,316 | |||||
| Household Durables — 0.0%† | ||||||
| 1,443,476(c) | Desarrolladora Homex SAB de CV | $ 3,359 | ||||
| Total Household Durables | $3,359 | |||||
| Shares | Value | |||||
| Oil, Gas & Consumable Fuels — 0.1% | ||||||
| 25(c) | Amplify Energy Corp. | $ 93 | ||||
| 5,735,146(c)^ | Ascent CNR Corp. | 172,055 | ||||
| Total Oil, Gas & Consumable Fuels | $172,148 | |||||
| Paper & Forest Products — 0.0%† | ||||||
| 459,481(c)^ | Emerald Plantation Holdings, Ltd. | $ 9,189 | ||||
| Total Paper & Forest Products | $9,189 | |||||
| Total Common Stocks (Cost $712,982) | $199,012 | |||||
| Principal Amount USD ($) | ||||||
| Commercial Mortgage-Backed Security—0.2% of Net Assets | ||||||
| 325,000(a) | Med Trust, Series 2021-MDLN, Class G, 5.442% (1 Month USD LIBOR + 525 bps), 11/15/38 (144A) | $ 320,928 | ||||
| Total Commercial Mortgage-Backed Security (Cost $325,000) | $320,928 | |||||
| Convertible Corporate Bonds — 3.0% of Net Assets | ||||||
| Airlines — 0.8% | ||||||
| 513,000 | Air Canada, 4.00%, 7/1/25 | $ 717,430 | ||||
| 1,078,000 | Spirit Airlines, Inc., 1.00%, 5/15/26 | 946,545 | ||||
| Total Airlines | $1,663,975 | |||||
| Banks — 0.0%† | ||||||
| IDR11,178,198,000^ | PT Bakrie & Brothers Tbk, 0.00%, 12/22/22 | $ 77,724 | ||||
| Total Banks | $77,724 | |||||
| Beverages — 0.2% | ||||||
| 365,000 | MGP Ingredients, Inc., 1.875%, 11/15/41 (144A) | $ 394,212 | ||||
| Total Beverages | $394,212 | |||||
| Biotechnology — 0.2% | ||||||
| 458,000 | Insmed, Inc., 1.75%, 1/15/25 | $ 444,268 | ||||
| Total Biotechnology | $444,268 | |||||
| Energy-Alternate Sources — 0.4% | ||||||
| 803,000(d) | Enphase Energy, Inc., 3/1/28 (144A) | $ 732,830 | ||||
| Total Energy-Alternate Sources | $732,830 | |||||
| Principal Amount USD ($) | Value | |||||
| Entertainment — 0.5% | ||||||
| 610,000(d) | DraftKings, Inc., 3/15/28 (144A) | $ 464,198 | ||||
| 520,000 | IMAX Corp., 0.50%, 4/1/26 (144A) | 491,140 | ||||
| Total Entertainment | $955,338 | |||||
| Pharmaceuticals — 0.3% | ||||||
| 455,000 | Revance Therapeutics, Inc., 1.75%, 2/15/27 | $ 383,984 | ||||
| 523,000 | Tricida, Inc., 3.50%, 5/15/27 | 278,346 | ||||
| Total Pharmaceuticals | $662,330 | |||||
| REITs — 0.2% | ||||||
| 314,000 | Summit Hotel Properties, Inc., 1.50%, 2/15/26 | $ 319,777 | ||||
| Total REITs | $319,777 | |||||
| Software — 0.4% | ||||||
| 272,000 | Bentley Systems, Inc., 0.375%, 7/1/27 (144A) | $ 233,240 | ||||
| 196,000 | Jamf Holding Corp., 0.125%, 9/1/26 (144A) | 190,583 | ||||
| 470,000 | Verint Systems, Inc., 0.25%, 4/15/26 (144A) | 487,804 | ||||
| Total Software | $911,627 | |||||
| Total Convertible Corporate Bonds (Cost $7,305,367) | $6,162,081 | |||||
| Corporate Bonds — 84.4% of Net Assets | ||||||
| Advertising — 0.9% | ||||||
| 890,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | $ 922,262 | ||||
| 465,000 | Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A) | 482,438 | ||||
| 513,000 | Midas OpCo Holdings LLC, 5.625%, 8/15/29 (144A) | 502,740 | ||||
| Total Advertising | $1,907,440 | |||||
| Aerospace & Defense — 0.9% | ||||||
| 560,000 | Bombardier, Inc., 7.125%, 6/15/26 (144A) | $ 569,475 | ||||
| 1,205,000 | Bombardier, Inc., 7.875%, 4/15/27 (144A) | 1,216,725 | ||||
| Total Aerospace & Defense | $1,786,200 | |||||
| Airlines — 4.0% | ||||||
| 1,540,000(e) | Aerovias de Mexico SA de CV, 7.00%, 2/5/25 (144A) | $ 1,459,166 | ||||
| 225,000 | American Airlines 2021-1 Class B Pass Through Trust, 3.95%, 7/11/30 | 219,866 | ||||
| 675,000 | Gol Finance SA, 7.00%, 1/31/25 (144A) | 582,815 | ||||
| 2,635,000 | Gol Finance SA, 8.00%, 6/30/26 (144A) | 2,427,520 | ||||
| Principal Amount USD ($) | Value | |||||
| Airlines — (continued) | ||||||
| 1,900,000 | Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A) | $ 1,915,922 | ||||
| EUR1,300,000 | Transportes Aereos Portugueses SA, 5.625%, 12/2/24 (144A) | 1,379,762 | ||||
| Total Airlines | $7,985,051 | |||||
| Auto Manufacturers — 2.0% | ||||||
| 335,000 | Ford Motor Credit Co. LLC, 2.70%, 8/10/26 | $ 324,531 | ||||
| 300,000 | Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | 296,535 | ||||
| 595,000 | Ford Motor Credit Co. LLC, 3.815%, 11/2/27 | 593,959 | ||||
| 2,545,000 | Ford Motor Credit Co. LLC, 4.125%, 8/17/27 | 2,605,444 | ||||
| 240,000 | Ford Motor Credit Co. LLC, 5.113%, 5/3/29 | 257,400 | ||||
| Total Auto Manufacturers | $4,077,869 | |||||
| Auto Parts & Equipment — 0.3% | ||||||
| 536,000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) | $ 548,060 | ||||
| Total Auto Parts & Equipment | $548,060 | |||||
| Banks — 2.3% | ||||||
| 802,000 | Access Bank Plc, 6.125%, 9/21/26 (144A) | $ 791,975 | ||||
| 700,000 | Akbank TAS, 5.125%, 3/31/25 | 669,410 | ||||
| 420,000 | Akbank TAS, 6.80%, 2/6/26 (144A) | 416,514 | ||||
| ARS8,000,000(a) | Banco de la Ciudad de Buenos Aires Series XVI, 39.851% (BADLARPP + 399 bps), 12/5/22 | 24,580 | ||||
| 226,000(f)(g) | Banco Mercantil del Norte SA, 6.75% (5 Year CMT Index + 497 bps) (144A) | 229,955 | ||||
| 380,000(f)(g) | Banco Mercantil del Norte SA, 8.375% (5 Year CMT Index + 776 bps) (144A) | 416,579 | ||||
| 529,000 | Freedom Mortgage Corp., 8.25%, 4/15/25 (144A) | 529,090 | ||||
| 1,025,000(f)(g) | Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A) | 921,372 | ||||
| 750,000(f)(g) | Sovcombank Via SovCom Capital DAC, 7.75% (5 Year CMT Index + 638 bps) (144A) | 700,350 | ||||
| 9,000(g) | Turkiye Vakiflar Bankasi TAO, 8.00% (5 Year USD Swap Rate + 585 bps), 11/1/27 (144A) | 8,938 | ||||
| Total Banks | $4,708,763 | |||||
| Beverages — 0.4% | ||||||
| 800,000 | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.25%, 4/27/29 (144A) | $ 811,552 | ||||
| Total Beverages | $811,552 | |||||
| Principal Amount USD ($) | Value | |||||
| Biotechnology — 0.7% | ||||||
| EUR1,000,000 | Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) | $ 1,084,556 | ||||
| GBP220,000 | Cidron Aida Finco S.a.r.l., 6.25%, 4/1/28 (144A) | 284,347 | ||||
| Total Biotechnology | $1,368,903 | |||||
| Building Materials — 1.0% | ||||||
| 1,285,000 | Builders FirstSource, Inc., 4.25%, 2/1/32 (144A) | $ 1,258,015 | ||||
| 601,000 | Koppers, Inc., 6.00%, 2/15/25 (144A) | 602,503 | ||||
| 90,000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 2/1/30 (144A) | 89,341 | ||||
| Total Building Materials | $1,949,859 | |||||
| Chemicals — 3.0% | ||||||
| 505,000 | Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) | $ 501,212 | ||||
| 537,000 | Hexion, Inc., 7.875%, 7/15/27 (144A) | 568,549 | ||||
| EUR465,000 | Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A) | 501,007 | ||||
| 1,108,000 | Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A) | 1,125,340 | ||||
| 542,000 | Sasol Financing USA LLC, 5.50%, 3/18/31 | 529,805 | ||||
| EUR445,000 | SCIL IV LLC/SCIL USA Holdings LLC, 4.375%, 11/1/26 (144A) | 497,436 | ||||
| 515,000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A) | 516,287 | ||||
| 815,000 | Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.125%, 4/1/29 (144A) | 819,075 | ||||
| 1,105,000 | Tronox, Inc., 4.625%, 3/15/29 (144A) | 1,064,126 | ||||
| Total Chemicals | $6,122,837 | |||||
| Commercial Services — 5.1% | ||||||
| 400,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 6/1/29 (144A) | $ 379,162 | ||||
| 960,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | 1,012,800 | ||||
| EUR275,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 3.625%, 6/1/28 (144A) | 290,412 | ||||
| 400,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A) | 383,000 | ||||
| 1,130,000 | APX Group, Inc., 5.75%, 7/15/29 (144A) | 1,053,725 | ||||
| 630,000 | APX Group, Inc., 6.75%, 2/15/27 (144A) | 646,966 | ||||
| 1,047,000 | Atento Luxco 1 SA, 8.00%, 2/10/26 (144A) | 1,103,516 | ||||
| Principal Amount USD ($) | Value | |||||
| Commercial Services — (continued) | ||||||
| 1,232,000 | Garda World Security Corp., 6.00%, 6/1/29 (144A) | $ 1,154,630 | ||||
| 750,000 | Garda World Security Corp., 9.50%, 11/1/27 (144A) | 788,250 | ||||
| 975,000 | PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29 (144A) | 984,750 | ||||
| 1,330,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | 1,324,766 | ||||
| 525,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 546,000 | ||||
| EUR605,000 | Verisure Holding AB, 3.25%, 2/15/27 (144A) | 658,447 | ||||
| Total Commercial Services | $10,326,424 | |||||
| Computers — 0.3% | ||||||
| 595,000 | Diebold Nixdorf, Inc., 8.50%, 4/15/24 | $ 590,537 | ||||
| 110,000 | Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A) | 115,542 | ||||
| Total Computers | $706,079 | |||||
| Diversified Financial Services — 6.7% | ||||||
| 1,765,000 | ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) | $ 1,747,350 | ||||
| 406,405(b) | Avation Capital SA, 8.25% (9.00% PIK 8.25% Cash), 10/31/26 (144A) | 341,380 | ||||
| 1,765,000 | B3 SA - Brasil Bolsa Balcao, 4.125%, 9/20/31 (144A) | 1,628,230 | ||||
| 700,000 | Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A) | 206,507 | ||||
| 665,000 | Financiera Independencia SAB de CV SOFOM ENR, 8.00%, 7/19/24 (144A) | 509,563 | ||||
| EUR300,000 | Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A) | 344,484 | ||||
| GBP510,000 | Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A) | 701,551 | ||||
| 1,374,482(b) | Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK 6.50% Cash), 9/15/24 (144A) | 1,289,676 | ||||
| 630,000 | Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 8/15/28 (144A) | 618,975 | ||||
| 997,000 | Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A) | 1,016,940 | ||||
| EUR360,000 | Sherwood Financing Plc, 4.50%, 11/15/26 (144A) | 396,293 | ||||
| GBP960,000 | Sherwood Financing Plc, 6.00%, 11/15/26 (144A) | 1,262,054 | ||||
| 1,066,000 | Unifin Financiera SAB de CV, 8.375%, 1/27/28 (144A) | 632,138 | ||||
| Principal Amount USD ($) | Value | |||||
| Diversified Financial Services — (continued) | ||||||
| 740,000 | United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A) | $ 677,766 | ||||
| 1,020,000 | United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A) | 963,370 | ||||
| 1,100,000 | VistaJet Malta Finance Plc/XO Management Holding, Inc., 6.375%, 2/1/30 (144A) | 1,093,290 | ||||
| Total Diversified Financial Services | $13,429,567 | |||||
| Electric — 1.5% | ||||||
| 610,000 | Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A) | $ 574,297 | ||||
| EUR280,000 | ContourGlobal Power Holdings SA, 3.125%, 1/1/28 (144A) | 296,579 | ||||
| 945,000 | NRG Energy, Inc., 3.875%, 2/15/32 (144A) | 883,575 | ||||
| 1,120,000 | Pampa Energia SA, 7.50%, 1/24/27 (144A) | 953,680 | ||||
| 350,000 | Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A) | 337,750 | ||||
| Total Electric | $3,045,881 | |||||
| Electrical Components & Equipments — 0.9% | ||||||
| EUR935,000 | Belden, Inc., 3.375%, 7/15/31 (144A) | $ 1,020,783 | ||||
| EUR675,000 | Energizer Gamma Acquisition BV, 3.50%, 6/30/29 (144A) | 706,944 | ||||
| Total Electrical Components & Equipments | $1,727,727 | |||||
| Energy-Alternate Sources — 0.5% | ||||||
| 200,000 | Atlantica Sustainable Infrastructure Plc, 4.125%, 6/15/28 (144A) | $ 191,000 | ||||
| 920,000 | Renewable Energy Group, Inc., 5.875%, 6/1/28 (144A) | 923,450 | ||||
| Total Energy-Alternate Sources | $1,114,450 | |||||
| Engineering & Construction — 1.4% | ||||||
| 1,845,000 | Artera Services LLC, 9.033%, 12/4/25 (144A) | $ 1,885,092 | ||||
| 280,000 | IHS Holding, Ltd., 5.625%, 11/29/26 (144A) | 282,038 | ||||
| 275,000 | IHS Holding, Ltd., 6.25%, 11/29/28 (144A) | 277,062 | ||||
| 1,000,709(e) | Stoneway Capital Corp., 10.00%, 3/1/27 (144A) | 290,216 | ||||
| Total Engineering & Construction | $2,734,408 | |||||
| Entertainment — 2.3% | ||||||
| 509,000 | AMC Entertainment Holdings, Inc., 10.50%, 4/24/26 (144A) | $ 538,267 | ||||
| EUR800,000 | Gamma Bidco S.p.A., 5.125%, 7/15/25 (144A) | 898,760 | ||||
| Principal Amount USD ($) | Value | |||||
| Entertainment — (continued) | ||||||
| EUR516,000 | International Game Technology Plc, 2.375%, 4/15/28 (144A) | $ 549,991 | ||||
| 1,145,000 | Mohegan Gaming & Entertainment, 8.00%, 2/1/26 (144A) | 1,166,526 | ||||
| EUR412,000 | Scientific Games International, Inc., 5.50%, 2/15/26 (144A) | 469,871 | ||||
| 1,140,000 | SeaWorld Parks & Entertainment, Inc., 5.25%, 8/15/29 (144A) | 1,107,738 | ||||
| Total Entertainment | $4,731,153 | |||||
| Environmental Control — 0.7% | ||||||
| 880,000 | GFL Environmental, Inc., 4.375%, 8/15/29 (144A) | $ 838,200 | ||||
| 473,000 | Tervita Corp., 11.00%, 12/1/25 (144A) | 548,089 | ||||
| Total Environmental Control | $1,386,289 | |||||
| Food — 4.2% | ||||||
| 710,000 | Aragvi Finance International DAC, 8.45%, 4/29/26 (144A) | $ 712,317 | ||||
| GBP1,315,000 | Bellis Acquisition Co. Plc, 4.50%, 2/16/26 (144A) | 1,715,487 | ||||
| 406,000 | FAGE International SA/FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A) | 414,120 | ||||
| 1,550,000 | Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A) | 1,522,890 | ||||
| 915,000 | Lamb Weston Holdings, Inc., 4.125%, 1/31/30 (144A) | 903,590 | ||||
| 454,000 | Lamb Weston Holdings, Inc., 4.375%, 1/31/32 (144A) | 447,759 | ||||
| 1,030,000 | Minerva Luxembourg SA, 4.375%, 3/18/31 (144A) | 956,613 | ||||
| EUR655,000 | Quatrim SASU, 5.875%, 1/15/24 (144A) | 748,907 | ||||
| 315,000 | US Foods, Inc., 4.625%, 6/1/30 (144A) | 307,125 | ||||
| 675,000 | US Foods, Inc., 4.75%, 2/15/29 (144A) | 663,188 | ||||
| Total Food | $8,391,996 | |||||
| Forest Products & Paper — 1.7% | ||||||
| EUR350,000 | Ahlstrom-Munksjo Holding 3 Oy, 3.625%, 2/4/28 (144A) | $ 384,588 | ||||
| 469,000 | Clearwater Paper Corp., 4.75%, 8/15/28 (144A) | 467,828 | ||||
| 848,000 | Mercer International, Inc., 5.125%, 2/1/29 | 836,340 | ||||
| Principal Amount USD ($) | Value | |||||
| Forest Products & Paper — (continued) | ||||||
| 809,000 | Schweitzer-Mauduit International, Inc., 6.875%, 10/1/26 (144A) | $ 804,955 | ||||
| 910,000 | Sylvamo Corp., 7.00%, 9/1/29 (144A) | 935,480 | ||||
| Total Forest Products & Paper | $3,429,191 | |||||
| Healthcare-Services — 1.9% | ||||||
| 535,000 | Auna SAA, 6.50%, 11/20/25 (144A) | $ 537,515 | ||||
| EUR475,000 | Chrome Bidco SASU, 3.50%, 5/31/28 (144A) | 521,013 | ||||
| 1,145,000 | LifePoint Health, Inc., 5.375%, 1/15/29 (144A) | 1,089,181 | ||||
| 809,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A) | 850,461 | ||||
| 786,000 | US Renal Care, Inc., 10.625%, 7/15/27 (144A) | 801,720 | ||||
| Total Healthcare-Services | $3,799,890 | |||||
| Home Builders — 0.4% | ||||||
| 155,000 | Beazer Homes USA, Inc., 7.25%, 10/15/29 | $ 165,462 | ||||
| 655,000 | M/I Homes, Inc., 3.95%, 2/15/30 | 622,250 | ||||
| Total Home Builders | $787,712 | |||||
| Insurance — 0.3% | ||||||
| GBP382,000 | Galaxy Bidco, Ltd., 6.50%, 7/31/26 (144A) | $ 525,054 | ||||
| Total Insurance | $525,054 | |||||
| Internet — 0.8% | ||||||
| EUR755,000 | eDreams ODIGEO SA, 5.50%, 7/15/27 (144A) | $ 838,662 | ||||
| EUR675,000 | United Group BV, 5.25%, 2/1/30 (144A) | 735,579 | ||||
| Total Internet | $1,574,241 | |||||
| Iron & Steel — 1.4% | ||||||
| 697,000 | Cleveland-Cliffs, Inc., 6.75%, 3/15/26 (144A) | $ 730,310 | ||||
| 415,000 | Commercial Metals Co., 4.375%, 3/15/32 | 412,566 | ||||
| 1,865,000 | Metinvest BV, 7.75%, 10/17/29 (144A) | 1,598,025 | ||||
| Total Iron & Steel | $2,740,901 | |||||
| Leisure Time — 1.7% | ||||||
| 180,000 | Carnival Corp., 10.50%, 2/1/26 (144A) | $ 202,140 | ||||
| EUR385,000 | Carnival Plc, 1.00%, 10/28/29 | 321,152 | ||||
| GBP545,000 | Deuce Finco Plc, 5.50%, 6/15/27 (144A) | 722,562 | ||||
| 780,000 | NCL Corp., Ltd., 5.875%, 3/15/26 (144A) | 742,950 | ||||
| 220,000 | NCL Finance, Ltd., 6.125%, 3/15/28 (144A) | 208,054 | ||||
| 817,000 | Viking Cruises, Ltd., 5.875%, 9/15/27 (144A) | 743,348 | ||||
| 520,000 | Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A) | 508,300 | ||||
| Total Leisure Time | $3,448,506 | |||||
| Principal Amount USD ($) | Value | |||||
| Lodging — 0.8% | ||||||
| 598,981(b) | Grupo Posadas S.A.B de CV, 4.00% (6.00% PIK 4.00% Cash), 12/30/27 (144A) | $ 494,160 | ||||
| 670,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29 (144A) | 666,650 | ||||
| EUR430,000 | NH Hotel Group SA, 4.00%, 7/2/26 (144A) | 480,861 | ||||
| Total Lodging | $1,641,671 | |||||
| Media — 2.8% | ||||||
| 1,575,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 2/1/32 (144A) | $ 1,547,926 | ||||
| 1,000,000 | CSC Holdings LLC, 4.625%, 12/1/30 (144A) | 888,735 | ||||
| 635,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/27 (144A) | 163,513 | ||||
| 1,975,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 1,846,625 | ||||
| 390,000 | VZ Secured Financing BV, 5.00%, 1/15/32 (144A) | 375,991 | ||||
| EUR855,000 | Ziggo Bond Co. BV, 3.375%, 2/28/30 (144A) | 886,557 | ||||
| Total Media | $5,709,347 | |||||
| Mining — 3.8% | ||||||
| 730,000 | Coeur Mining, Inc., 5.125%, 2/15/29 (144A) | $ 696,238 | ||||
| EUR959,000 | Constellium SE, 3.125%, 7/15/29 (144A) | 1,017,658 | ||||
| 1,925,000 | Eldorado Gold Corp., 6.25%, 9/1/29 (144A) | 1,924,865 | ||||
| 230,000 | Endeavour Mining Plc, 5.00%, 10/14/26 (144A) | 223,100 | ||||
| 705,000 | First Quantum Minerals, Ltd., 6.875%, 3/1/26 (144A) | 727,912 | ||||
| 665,000 | First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A) | 706,562 | ||||
| 200,000 | First Quantum Minerals, Ltd., 7.50%, 4/1/25 (144A) | 204,500 | ||||
| 424,000 | Hudbay Minerals, Inc., 6.125%, 4/1/29 (144A) | 440,218 | ||||
| 811,000 | IAMGOLD Corp., 5.75%, 10/15/28 (144A) | 761,205 | ||||
| 660,000 | Minsur SA, 4.50%, 10/28/31 (144A) | 661,650 | ||||
| 315,000 | Novelis Corp., 3.875%, 8/15/31 (144A) | 296,100 | ||||
| Total Mining | $7,660,008 | |||||
| Oil & Gas — 10.8% | ||||||
| 640,000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.875%, 6/30/29 (144A) | $ 617,600 | ||||
| 1,825,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 1,952,750 | ||||
| 1,382,000 | Energean Plc, 6.50%, 4/30/27 (144A) | 1,335,357 | ||||
| 995,000 | Harbour Energy Plc, 5.50%, 10/15/26 (144A) | 987,537 | ||||
| Principal Amount USD ($) | Value | |||||
| Oil & Gas — (continued) | ||||||
| 854,000 | International Petroleum Corp., 7.25%, 2/1/27 (144A) | $ 845,460 | ||||
| 485,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 472,875 | ||||
| 1,137,000 | MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A) | 1,085,846 | ||||
| 590,000 | MEG Energy Corp., 5.875%, 2/1/29 (144A) | 601,127 | ||||
| 550,000 | MEG Energy Corp., 7.125%, 2/1/27 (144A) | 570,625 | ||||
| 165,000 | Nabors Industries, Inc., 7.375%, 5/15/27 (144A) | 168,694 | ||||
| 615,000 | Nabors Industries, Ltd., 7.50%, 1/15/28 (144A) | 576,563 | ||||
| 1,060,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 1,073,250 | ||||
| 1,144,000 | Occidental Petroleum Corp., 4.40%, 4/15/46 | 1,094,030 | ||||
| 510,000 | Parkland Corp., 4.625%, 5/1/30 (144A) | 489,600 | ||||
| 575,000 | Petroleos Mexicanos, 6.70%, 2/16/32 (144A) | 568,871 | ||||
| 214,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 214,364 | ||||
| 585,000 | Range Resources Corp., 4.75%, 2/15/30 (144A) | 584,292 | ||||
| 298,000 | Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A) | 231,710 | ||||
| 615,000 | Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A) | 628,838 | ||||
| 1,135,000 | SierraCol Energy Andina LLC, 6.00%, 6/15/28 (144A) | 1,055,550 | ||||
| 535,000 | Southwestern Energy Co., 4.75%, 2/1/32 | 534,096 | ||||
| 835,000 | Southwestern Energy Co., 5.375%, 3/15/30 | 855,625 | ||||
| 1,520,000 | Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A) | 1,511,610 | ||||
| 1,195,000 | Tap Rock Resources LLC, 7.00%, 10/1/26 (144A) | 1,224,875 | ||||
| 191,627 | Transocean Sentry, Ltd., 5.375%, 5/15/23 (144A) | 184,920 | ||||
| 1,215,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 1,227,150 | ||||
| 1,613,000 | YPF SA, 6.95%, 7/21/27 (144A) | 1,056,015 | ||||
| ARS22,125,000 | YPF SA, 16.50%, 5/9/22 (144A) | 93,874 | ||||
| Total Oil & Gas | $21,843,104 | |||||
| Oil & Gas Services — 0.6% | ||||||
| 475,000 | Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) | $ 487,184 | ||||
| 788,000 | Exterran Energy Solutions LP/EES Finance Corp., 8.125%, 5/1/25 | 786,030 | ||||
| Total Oil & Gas Services | $1,273,214 | |||||
| Principal Amount USD ($) | Value | |||||
| Packaging & Containers — 0.9% | ||||||
| EUR980,000 | Guala Closures S.p.A., 3.25%, 6/15/28 (144A) | $ 1,050,061 | ||||
| 735,000 | OI European Group BV, 4.75%, 2/15/30 (144A) | 713,909 | ||||
| Total Packaging & Containers | $1,763,970 | |||||
| Pharmaceuticals — 1.3% | ||||||
| 600,000 | P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) | $ 582,000 | ||||
| 808,000 | Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) | 813,818 | ||||
| EUR345,000 | Teva Pharmaceutical Finance Netherlands II BV, 3.75%, 5/9/27 | 374,900 | ||||
| EUR585,000 | Teva Pharmaceutical Finance Netherlands II BV, 4.375%, 5/9/30 | 626,211 | ||||
| 340,000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/9/29 | 326,825 | ||||
| Total Pharmaceuticals | $2,723,754 | |||||
| Pipelines — 2.5% | ||||||
| 565,000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 6/15/31 (144A) | $ 563,096 | ||||
| 1,092,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25 | 1,096,379 | ||||
| 1,165,000(f)(g) | Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps) | 1,184,659 | ||||
| 665,000 | EnLink Midstream Partners LP, 5.45%, 6/1/47 | 591,850 | ||||
| 765,000 | Golar LNG, Ltd., 7.00%, 10/20/25 (144A) | 738,225 | ||||
| 790,000 | Harvest Midstream I LP, 7.50%, 9/1/28 (144A) | 821,774 | ||||
| Total Pipelines | $4,995,983 | |||||
| Real Estate — 1.3% | ||||||
| EUR1,300,000 | ADLER Real Estate AG, 3.00%, 4/27/26 | $ 1,298,938 | ||||
| EUR270,000 | Neinor Homes SA, 4.50%, 10/15/26 (144A) | 305,819 | ||||
| 1,070,000 | Realogy Group LLC/Realogy Co.-Issuer Corp., 5.25%, 4/15/30 (144A) | 1,027,435 | ||||
| Total Real Estate | $2,632,192 | |||||
| REITs — 0.9% | ||||||
| 1,160,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A) | $ 1,056,853 | ||||
| 780,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A) | 737,872 | ||||
| Total REITs | $1,794,725 | |||||
| Retail — 2.7% | ||||||
| 970,000 | AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A) | $ 957,904 | ||||
| Principal Amount USD ($) | Value | |||||
| Retail — (continued) | ||||||
| GBP850,000 | Constellation Automotive Financing Plc, 4.875%, 7/15/27 (144A) | $ 1,066,002 | ||||
| EUR605,000 | Food Service Project SA, 5.50%, 1/21/27 (144A) | 675,303 | ||||
| 560,000 | LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A) | 539,353 | ||||
| 527,000 | Party City Holdings, Inc., 8.75%, 2/15/26 (144A) | 530,104 | ||||
| EUR960,000 | Shiba Bidco S.p.A., 4.50%, 10/31/28 (144A) | 1,066,379 | ||||
| 557,000 | Staples, Inc., 7.50%, 4/15/26 (144A) | 549,341 | ||||
| Total Retail | $5,384,386 | |||||
| Software — 0.7% | ||||||
| 1,440,000 | Minerva Merger Sub, Inc., 6.50%, 2/15/30 (144A) | $ 1,434,960 | ||||
| Total Software | $1,434,960 | |||||
| Telecommunications — 4.3% | ||||||
| 1,065,000 | Altice France Holding SA, 6.00%, 2/15/28 (144A) | $ 971,972 | ||||
| 280,000 | Altice France SA, 5.125%, 1/15/29 (144A) | 260,400 | ||||
| 1,165,000 | Altice France SA, 5.125%, 7/15/29 (144A) | 1,078,673 | ||||
| 1,340,000 | CommScope, Inc., 4.75%, 9/1/29 (144A) | 1,283,626 | ||||
| 1,090,000 | LogMeIn, Inc., 5.50%, 9/1/27 (144A) | 1,060,025 | ||||
| 805,000 | Lumen Technologies, Inc., 4.50%, 1/15/29 (144A) | 737,686 | ||||
| 765,000 | Plantronics, Inc., 4.75%, 3/1/29 (144A) | 694,238 | ||||
| 790,000 | Total Play Telecomunicaciones SA de CV, 6.375%, 9/20/28 (144A) | 736,675 | ||||
| 885,000 | Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25 (144A) | 889,080 | ||||
| 970,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 978,197 | ||||
| Total Telecommunications | $8,690,572 | |||||
| Transportation — 3.7% | ||||||
| 910,000 | Acu Petroleo Luxembourg S.a.r.l., 7.50%, 1/13/32 (144A) | $ 889,525 | ||||
| 1,485,000 | Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) | 1,449,783 | ||||
| 825,000 | Danaos Corp., 8.50%, 3/1/28 (144A) | 899,250 | ||||
| 620,000 | Hidrovias International Finance SARL, 4.95%, 2/8/31 (144A) | 566,531 | ||||
| 445,000 | Seaspan Corp., 5.50%, 8/1/29 (144A) | 440,096 | ||||
| Principal Amount USD ($) | Value | |||||
| Transportation — (continued) | ||||||
| 700,000 | Seaspan Corp., 6.50%, 4/29/26 (144A) | $ 744,030 | ||||
| 1,115,000 | Simpar Europe SA, 5.20%, 1/26/31 (144A) | 988,180 | ||||
| 1,285,000 | Western Global Airlines LLC, 10.375%, 8/15/25 (144A) | 1,418,319 | ||||
| Total Transportation | $7,395,714 | |||||
| Total Corporate Bonds (Cost $177,838,817) | $170,109,603 | |||||
| Shares | ||||||
| Rights/Warrants — 0.0%† of Net Assets | ||||||
| Metals & Mining — 0.0%† | ||||||
| 318,254(h) | ANR, Inc.,3/31/23 | $ 1,910 | ||||
| Total Metals & Mining | $1,910 | |||||
| Oil, Gas & Consumable Fuels — 0.0%† | ||||||
| 61(c)(i) | Alpha Metallurgical Resources, Inc.,7/25/23 | $ 1,543 | ||||
| Total Oil, Gas & Consumable Fuels | $1,543 | |||||
| Real Estate Management & Development — 0.0%† | ||||||
| 17(c)(j)+ | Fujian Thai Hot Investment Co., Ltd.,10/13/27 | $ 19,034 | ||||
| Total Real Estate Management & Development | $19,034 | |||||
| Total Rights/Warrants (Cost $36,831) | $22,487 | |||||
| Principal Amount USD ($) | |||||||
| Insurance-Linked Securities — 0.5% of Net Assets# | |||||||
| Event Linked Bonds — 0.0%† | |||||||
| Multiperil – U.S. — 0.0%† | |||||||
| 500,000(a) | Caelus Re V, 0.486%, (1 Month U.S. Treasury Bill + 10 bps), 6/5/24 (144A) | $ 44 | |||||
| 250,000(a) | Caelus Re V, 0.486%, (3 Month U.S. Treasury Bill + 10 bps), 6/9/25 (144A) | 25 | |||||
| $69 | |||||||
| Total Event Linked Bonds | $69 | ||||||
| Face Amount USD ($) | Value | ||||||
| Collateralized Reinsurance — 0.3% | |||||||
| Multiperil – Worldwide — 0.2% | |||||||
| 600,000(c)(k)+ | Cypress Re 2017, 1/31/23 | $ 60 | |||||
| 462,359(c)(k)+ | Dartmouth Re 2018, 1/31/23 | 97,604 | |||||
| 277,770(c)(k)+ | Oyster Bay Re 2018, 1/31/23 | 252,104 | |||||
| 283,700(c)(k)+ | Seminole Re 2018, 1/31/23 | 2,672 | |||||
| 276,582(c)(k)+ | Walton Health Re 2018, 6/15/22 | 22,017 | |||||
| $374,457 | |||||||
| Windstorm – Florida — 0.1% | |||||||
| 250,000(c)(k)+ | Formby Re 2018, 2/28/23 | $ 30,700 | |||||
| 300,000(c)(k)+ | Portrush Re 2017, 6/15/22 | 191,430 | |||||
| $222,130 | |||||||
| Windstorm – U.S. Regional — 0.0%† | |||||||
| 250,000(c)(k)+ | Oakmont Re 2017, 4/30/23 | $ 7,350 | |||||
| Total Collateralized Reinsurance | $603,937 | ||||||
| Reinsurance Sidecars — 0.2% | |||||||
| Multiperil – U.S. — 0.0%† | |||||||
| 1,000,000(c)(l)+ | Harambee Re 2018, 12/31/22 | $ 1,800 | |||||
| 695,349(l)+ | Harambee Re 2019, 12/31/22 | 765 | |||||
| $2,565 | |||||||
| Multiperil – Worldwide — 0.2% | |||||||
| 3,037(l)+ | Alturas Re 2019-2, 3/10/23 | $ 4,276 | |||||
| 490,000(c)(k)+ | Bantry Re 2016, 3/31/23 | 39,494 | |||||
| 300,000(c)(k)+ | Bantry Re 2017, 3/31/23 | 17,532 | |||||
| 250,000(c)(k)+ | Bantry Re 2018, 12/31/22 | 2,850 | |||||
| 250,000(c)(k)+ | Bantry Re 2019, 12/31/22 | 8,491 | |||||
| 1,422,258(c)(k)+ | Berwick Re 2018-1, 12/31/22 | 109,941 | |||||
| 556,791(c)(k)+ | Berwick Re 2019-1, 12/31/22 | 66,537 | |||||
| 12,500(d)(k)+ | Eden Re II, 3/22/23 (144A) | 3,739 | |||||
| 22,500(d)(k)+ | Eden Re II, 3/22/23 (144A) | 7,115 | |||||
| 250,000(c)(k)+ | Gleneagles Re 2018, 12/31/22 | 29,575 | |||||
| 450,000(c)(l)+ | Lorenz Re 2018, 7/1/22 | — | |||||
| 231,508(c)(l)+ | Lorenz Re 2019, 6/30/22 | 7,593 | |||||
| 600,000(c)(k)+ | Merion Re 2018-2, 12/31/22 | 99,300 | |||||
| 1,000,000(c)(k)+ | Pangaea Re 2016-2, 11/30/22 | 1,783 | |||||
| 300,000(c)(k)+ | Pangaea Re 2018-1, 12/31/22 | 6,316 | |||||
| 300,000(c)(k)+ | Pangaea Re 2018-3, 7/1/22 | 6,223 | |||||
| 245,774(c)(k)+ | Pangaea Re 2019-1, 2/1/23 | 5,121 | |||||
| 220,594(c)(k)+ | Pangaea Re 2019-3, 7/1/23 | 7,935 | |||||
| 250,000(c)(l)+ | Thopas Re 2019, 12/31/22 | — | |||||
| Face Amount USD ($) | Value | ||||||
| Multiperil – Worldwide — (continued) | |||||||
| 300,000(k)+ | Versutus Re 2018, 12/31/22 | $ 360 | |||||
| 264,763(k)+ | Versutus Re 2019-A, 12/31/22 | 159 | |||||
| 35,236(k)+ | Versutus Re 2019-B, 12/31/22 | — | |||||
| 250,000(c)(l)+ | Viribus Re 2018, 12/31/22 | — | |||||
| 106,153(c)(l)+ | Viribus Re 2019, 12/31/22 | 4,437 | |||||
| 253,645(c)(k)+ | Woburn Re 2018, 12/31/22 | 16,844 | |||||
| 244,914(c)(k)+ | Woburn Re 2019, 12/31/22 | 62,299 | |||||
| $507,920 | |||||||
| Total Reinsurance Sidecars | $510,485 | ||||||
| Total Insurance-Linked Securities (Cost $2,467,064) | $1,114,491 | ||||||
| Principal Amount USD ($) | ||||||
| Foreign Government Bonds — 3.9% of Net Assets | ||||||
| Argentina — 0.5% | ||||||
| 118,980 | Argentine Republic Government International Bond, 1.000%, 7/9/29 | $ 42,238 | ||||
| 1,175,000 | Ciudad Autonoma De Buenos Aires, 7.500%, 6/1/27 (144A) | 992,886 | ||||
| 42,316 | Province of Salta Argentina, 9.500%, 3/16/22 (144A) | 39,354 | ||||
| Total Argentina | $1,074,478 | |||||
| Bahrain — 0.3% | ||||||
| 505,000 | Bahrain Government International Bond, 7.000%, 10/12/28 (144A) | $ 537,084 | ||||
| Total Bahrain | $537,084 | |||||
| Egypt — 0.5% | ||||||
| 1,095,000 | Egypt Government International Bond, 5.875%, 2/16/31 (144A) | $ 924,060 | ||||
| Total Egypt | $924,060 | |||||
| Gabon — 0.6% | ||||||
| 1,210,000 | Gabon Government International Bond, 7.000%, 11/24/31 (144A) | $ 1,181,746 | ||||
| Total Gabon | $1,181,746 | |||||
| Principal Amount USD ($) | Value | |||||
| Ghana — 0.5% | ||||||
| 385,000 | Ghana Government International Bond, 7.875%, 2/11/35 (144A) | $ 288,119 | ||||
| 1,000,000 | Ghana Government International Bond, 8.627%, 6/16/49 | 746,250 | ||||
| Total Ghana | $1,034,369 | |||||
| Ivory Coast — 0.5% | ||||||
| EUR952,000 | Ivory Coast Government International Bond, 4.875%, 1/30/32 (144A) | $ 1,002,529 | ||||
| Total Ivory Coast | $1,002,529 | |||||
| Nigeria — 0.4% | ||||||
| 800,000 | Nigeria Government International Bond, 7.375%, 9/28/33 (144A) | $ 744,480 | ||||
| Total Nigeria | $744,480 | |||||
| Ukraine — 0.6% | ||||||
| EUR855,000 | Ukraine Government International Bond, 4.375%, 1/27/30 (144A) | $ 735,301 | ||||
| 625,000 | Ukraine Government International Bond, 8.994%, 2/1/24 (144A) | 575,000 | ||||
| Total Ukraine | $1,310,301 | |||||
| Total Foreign Government Bonds (Cost $9,071,239) | $7,809,047 | |||||
| U.S. Government and Agency Obligations — 2.0% of Net Assets | ||||||
| 4,000,000(d) | U.S. Treasury Bills, 2/15/22 | $ 3,999,937 | ||||
| Total U.S. Government and Agency Obligations (Cost $3,999,946) | $3,999,937 | |||||
| Shares | ||||||
| SHORT TERM INVESTMENTS — 1.1% of Net Assets | ||||||
| Open-End Fund — 1.1% | ||||||
| 2,145,117(m) | Dreyfus Government Cash Management, Institutional Shares, 0.03% | $ 2,145,118 | ||||
| $2,145,118 | ||||||
| TOTAL SHORT TERM INVESTMENTS (Cost $2,145,118) | $2,145,118 | |||||
| Number of Contracts | Description | Counterparty | Amount | Strike Price | Expiration Date | Value |
| Over The Counter (OTC) Call Options Purchased — 0.0%† | ||||||
| 297,012(n)^ | Desarrolladora Homex SAB de CV | Bank of New York Mellon Corp. | MXN — | MXN —(o) | 10/23/22 | $— |
| 297,012(p)^ | Desarrolladora Homex SAB de CV | Bank of New York Mellon Corp. | MXN — | MXN —(o) | 10/23/22 | — |
| Total Over The Counter (OTC) Call Options Purchased (Premiums paid $ 0) | $— | |||||
| Over The Counter (OTC) Currency Put Options Purchased — 0.2% | ||||||
| 3,900,000 | Put EUR Call USD | Bank of America NA | EUR 34,653 | EUR 1.15 | 2/15/22 | $103,726 |
| 4,050,000 | Put EUR Call USD | Bank of America NA | EUR 62,238 | EUR 1.15 | 10/19/22 | 118,673 |
| 3,985,000 | Put EUR Call USD | Goldman Sachs International | EUR 26,964 | EUR 1.13 | 2/14/22 | 37,470 |
| 2,000,000 | Put EUR Call USD | JPMorgan Chase Bank NA | EUR 28,370 | EUR 1.17 | 2/4/22 | 84,041 |
| Total Over The Counter (OTC) Currency Put Options Purchased (Premiums paid $ 152,225) | $343,910 | |||||
| TOTAL OPTIONS PURCHASED (Premiums paid $ 152,225) | $343,910 | |||||
| TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 97.0% (Cost $207,173,501) | $195,442,188 | |||||
| Over The Counter (OTC) Currency Call Options Written — (0.0%)† | ||||||
| (3,900,000) | Call EUR Put USD | Bank of America NA | EUR 34,653 | EUR 1.21 | 2/15/22 | $— |
| (4,050,000) | Call EUR Put USD | Bank of America NA | EUR 62,238 | EUR 1.20 | 10/19/22 | (16,679) |
| (3,985,000) | Call EUR Put USD | Goldman Sachs International | EUR 26,964 | EUR 1.16 | 2/14/22 | (115) |
| (2,000,000) | Call EUR Put USD | JPMorgan Chase Bank NA | EUR 28,370 | EUR 1.25 | 2/4/22 | — |
| Total Over The Counter (OTC) Currency Call Options Written (Premiums received $(152,225)) | $(16,794) | |||||
| OTHER ASSETS AND LIABILITIES — 3.0% | $6,069,753 | |||||
| net assets — 100.0% | $201,495,147 | |||||
| BADLARPP | Argentine Deposit Rate Badlar Private Banks 30 – 35 Days. |
| bps | Basis Points. |
| CMT | Constant Maturity Treasury Index. |
| LIBOR | London Interbank Offered Rate. |
| REIT | Real Estate Investment Trust. |
| (144A) | Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At January 31, 2022, the value of these securities amounted to $163,216,640, or 81.0% of net assets. |
| (a) | Floating rate note. Coupon rate, reference index and spread shown at January 31, 2022. |
| (b) | Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount. |
| (c) | Non-income producing security. |
| (d) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
| (e) | Security is in default. |
| (f) | Security is perpetual in nature and has no stated maturity date. |
| (g) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at January 31, 2022. |
| (h) | ANR, Inc. rights are exercisable into 318,254 shares. |
| (i) | Alpha Metallurgical Resources, Inc. warrants are exercisable into 61 shares. |
| (j) | Fujian Thai Hot Investment Co., Ltd. warrants are exercisable into 17 shares. |
| (k) | Issued as participation notes. |
| (l) | Issued as preference shares. |
| (m) | Rate periodically changes. Rate disclosed is the 7-day yield at January 31, 2022. |
| (n) | Option does not become effective until underlying company’s outstanding common shares reach a market capitalization of MXN 12.5 billion. |
| (o) | Strike price is 1 Mexican Peso (MXN). |
| (p) | Option does not become effective until underlying company’s outstanding common shares reach a market capitalization of MXN 15.5 billion. |
| * | Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at January 31, 2022. |
| ^ | Security is valued using fair value methods (other than prices supplied by independent pricing services or broker dealers). |
| † | Amount rounds to less than 0.1%. |
| + | Security that used significant unobservable inputs to determine its value. |
| # | Securities are restricted as to resale. |
| Restricted Securities | Acquisition date | Cost | Value |
| Alturas Re 2019-2 | 12/19/2018 | $3,037 | $4,276 |
| Bantry Re 2016 | 2/6/2019 | 39,494 | 39,494 |
| Bantry Re 2017 | 2/6/2019 | 17,539 | 17,532 |
| Restricted Securities | Acquisition date | Cost | Value |
| Bantry Re 2018 | 2/6/2019 | $2,845 | $2,850 |
| Bantry Re 2019 | 2/1/2019 | — | 8,491 |
| Berwick Re 2018-1 | 1/10/2018 | 207,745 | 109,941 |
| Berwick Re 2019-1 | 12/31/2018 | 66,532 | 66,537 |
| Caelus Re V | 4/27/2017 | 500,000 | 44 |
| Caelus Re V | 5/4/2018 | 250,000 | 25 |
| Cypress Re 2017 | 1/24/2017 | 2,016 | 60 |
| Dartmouth Re 2018 | 1/18/2018 | 187,807 | 97,604 |
| Eden Re II | 12/15/2017 | 747 | 3,739 |
| Eden Re II | 1/23/2018 | 520 | 7,115 |
| Formby Re 2018 | 7/9/2018 | 23,471 | 30,700 |
| Gleneagles Re 2018 | 12/27/2017 | 20,068 | 29,575 |
| Harambee Re 2018 | 12/19/2017 | 21,233 | 1,800 |
| Harambee Re 2019 | 4/24/2019 | — | 765 |
| Lorenz Re 2018 | 6/26/2018 | 85,936 | — |
| Lorenz Re 2019 | 7/10/2019 | 72,812 | 7,593 |
| Merion Re 2018-2 | 12/28/2017 | 24,691 | 99,300 |
| Oakmont Re 2017 | 5/10/2017 | — | 7,350 |
| Oyster Bay Re 2018 | 1/17/2018 | 247,921 | 252,104 |
| Pangaea Re 2016-2 | 5/31/2016 | — | 1,783 |
| Pangaea Re 2018-1 | 12/26/2017 | 42,902 | 6,316 |
| Pangaea Re 2018-3 | 5/31/2018 | 72,258 | 6,223 |
| Pangaea Re 2019-1 | 1/9/2019 | 2,580 | 5,121 |
| Pangaea Re 2019-3 | 7/25/2019 | 6,618 | 7,935 |
| Portrush Re 2017 | 6/12/2017 | 230,095 | 191,430 |
| Seminole Re 2018 | 1/2/2018 | — | 2,672 |
| Thopas Re 2019 | 12/21/2018 | — | — |
| Versutus Re 2018 | 1/31/2018 | — | 360 |
| Versutus Re 2019-A | 1/28/2019 | — | 159 |
| Versutus Re 2019-B | 12/24/2018 | — | — |
| Viribus Re 2018 | 12/22/2017 | 19,725 | — |
| Viribus Re 2019 | 3/25/2019 | — | 4,437 |
| Walton Health Re 2018 | 6/25/2018 | 176,661 | 22,017 |
| Woburn Re 2018 | 3/20/2018 | 87,980 | 16,844 |
| Woburn Re 2019 | 1/30/2019 | 53,831 | 62,299 |
| Total Restricted Securities | $1,114,491 | ||
| % of Net assets | 0.5% |
| Currency Purchased | In Exchange for | Currency Sold | Deliver | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) |
| EUR | 1,525,000 | USD | 1,743,684 | Citibank NA | 3/25/22 | $(28,268) |
| USD | 2,163,280 | EUR | 1,904,000 | Citibank NA | 2/24/22 | 23,207 |
| NOK | 20,950,000 | EUR | 2,077,220 | HSBC Bank USA NA | 4/11/22 | 14,860 |
| USD | 3,030,584 | GBP | 2,250,000 | HSBC Bank USA NA | 3/23/22 | 5,487 |
| USD | 2,252,605 | EUR | 1,990,000 | HSBC Bank USA NA | 3/25/22 | 14,127 |
| USD | 1,510,397 | GBP | 1,125,000 | JPMorgan Chase Bank NA | 3/23/22 | (2,152) |
| USD | 774,938 | EUR | 685,000 | JPMorgan Chase Bank NA | 3/25/22 | 4,406 |
| EUR | 10,975,000 | USD | 12,421,346 | State Street Bank & Trust Co. | 4/28/22 | (64,743) |
| USD | 919,927 | EUR | 810,000 | State Street Bank & Trust Co. | 3/25/22 | 8,788 |
| TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | $(24,288) | |||||
| Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums Paid | Unrealized (Depreciation) | Market Value | |
| 7,450,000 | Markit CDX North America North America Index Series 37 | Pay | 5.00% | 12/20/26 | $89,823 | $(645,386) | $(555,563) | |
| TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION | $89,823 | $(645,386) | $(555,563) | |||||
| TOTAL SWAP CONTRACTS | $89,823 | $(645,386) | $(555,563) | |||||
| (1) | The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event. |
| (2) | Pays quarterly. |
| ARS | — Argentine Peso |
| EUR | — Euro |
| GBP | — Great British Pound |
| IDR | — Indonesian Rupiah |
| MXN | — Mexican Peso |
| NOK | — Norwegian Krone |
| USD | — United States Dollar |
| Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
| Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
| Level 3 | – | significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments). |
| Level 1 | Level 2 | Level 3 | Total | |
| Senior Secured Floating Rate Loan Interests | $— | $3,215,574 | $— | $3,215,574 |
| Common Stocks | ||||
| Oil, Gas & Consumable Fuels | 93 | 172,055 | — | 172,148 |
| Paper & Forest Products | — | 9,189 | — | 9,189 |
| All Other Common Stocks | 17,675 | — | — | 17,675 |
| Commercial Mortgage-Backed Security | — | 320,928 | — | 320,928 |
| Convertible Corporate Bonds | — | 6,162,081 | — | 6,162,081 |
| Corporate Bonds | — | 170,109,603 | — | 170,109,603 |
| Rights/Warrants | ||||
| Real Estate Management & Development | — | — | 19,034 | 19,034 |
| All Other Rights/Warrants | 3,453 | — | — | 3,453 |
| Insurance-Linked Securities | ||||
| Event Linked Bonds | ||||
| Multiperil – U.S. | — | 69 | — | 69 |
| Collateralized Reinsurance | ||||
| Multiperil – Worldwide | — | — | 374,457 | 374,457 |
| Windstorm – Florida | — | — | 222,130 | 222,130 |
| Windstorm – U.S. Regional | — | — | 7,350 | 7,350 |
| Reinsurance Sidecars | ||||
| Multiperil – U.S. | — | — | 2,565 | 2,565 |
| Multiperil – Worldwide | — | — | 507,920 | 507,920 |
| Foreign Government Bonds | — | 7,809,047 | — | 7,809,047 |
| U.S. Government and Agency Obligations | — | 3,999,937 | — | 3,999,937 |
| Open-End Fund | 2,145,118 | — | — | 2,145,118 |
| Over The Counter (OTC) Call Options Purchased | — | —* | — | —* |
| Over The Counter (OTC) Currency Put Options Purchased | — | 343,910 | — | 343,910 |
| Total Investments in Securities | $2,166,339 | $192,142,393 | $1,133,456 | $195,442,188 |
| Level 1 | Level 2 | Level 3 | Total | |
| Other Financial Instruments | ||||
| Over The Counter (OTC) Currency Call Options Written | $— | $(16,794) | $— | $(16,794) |
| Net unrealized depreciation on forward foreign currency exchange contracts | — | (24,288) | — | (24,288) |
| Swap contracts, at value | — | (555,563) | — | (555,563) |
| Total Other Financial Instruments | $— | $(596,645) | $— | $(596,645) |
| * | Securities valued at $0. |
| Warrants | Insurance- Linked Securities | Total | |
| Balance as of 10/31/21 | $ — | $ 1,261,165 | $ 1,261,165 |
| Realized gain (loss) | — | (219,502) | (219,502) |
| Changed in unrealized appreciation (depreciation) | — | 106,980 | 106,980 |
| Accrued discounts/premiums | — | (30,816) | (30,816) |
| Purchases | — | — | — |
| Sales | — | (3,405) | (3,405) |
| Transfers in to Level 3* | 19,034 | — | 19,034 |
| Transfers out of Level 3* | — | — | — |
| Balance as of 1/31/22 | $ 19,034 | $ 1,114,422 | $ 1,133,456 |
| * Transfers are calculated on the beginning of period value. For the three months ended January 31, 2022, securities with an aggregate market value of $19,034 transferred from Level 2 to Level 3 as there were observable inputs available to determine their value. There were no other transfers in or out of Level 3. | |||
| Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at January 31, 2022: | $(1,956) | ||