BlackRock Corporate High Yield Fund


Security		Par (000)		Value

Asset-Backed Securities
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B, (3 mo. LIBOR US + 1.80%), 6.66%, 05/15/30^(a)(b)	USD		500	$	474,786
Bilbao CLO II DAC, Series 2X, Class DR, (1 mo. EURIBOR + 5.97%), 8.67%, 08/20/35^(a)(c)	EUR		100		92,164
BlueMountain Fuji Eur CLO IV DAC, Series 4X, Class ER, (1 mo. EURIBOR + 6.21%), 8.90%, 02/25/34^(a)(c)			100		92,911
Contego CLO VIII DAC, Series 8X, Class ER, (1 mo. EURIBOR + 6.06%), 8.51%, 01/25/34^(a)(c)			100		90,767
CVC Cordatus Loan Fund XXII DAC, Series 22X, Class D, (1 mo. EURIBOR + 3.15%), 6.11%, 12/15/34^(a)(c)			100		94,203
Galaxy XXVIII CLO Ltd., Series 2018-28A, Class C, (3 mo. LIBOR US + 1.95%), 6.74%, 07/15/31^(a)(b)	USD		250		234,412
Greene King Finance PLC^(a)
Series B1, (3 mo. LIBOR GBP + 1.92%), 6.08%, 12/15/34	GBP		100		93,831
Series B2, (3 mo. LIBOR GBP + 2.20%), 6.36%, 03/15/36^(c)			100		92,520
Neuberger Berman Loan Advisers Euro CLO 2 DAC, Series 2021-2X, Class E, (1 mo. EURIBOR + 6.06%), 8.35%, 04/15/34^(a)(c)	EUR		100		91,977
Providus CLO III DAC, Series 3X, Class ER, (1 mo. EURIBOR + 6.26%), 8.59%, 07/18/34^(a)(c)			100		93,600
Rockfield Park CLO DAC, Series 1X, Class D, (1 mo. EURIBOR + 5.95%), 8.24%, 07/16/34^(a)(c)			100		93,742
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32^(c)	GBP		89		110,612
Voya Euro CLO II DAC, Series 2X, Class ER, (1 mo. EURIBOR + 6.02%), 8.31%, 07/15/35^(a)(c)	EUR		100		92,421


Total Asset-Backed Securities — 0.1% (Cost: $2,023,302)					1,747,946


		Shares

Common Stocks

Capital Markets — 0.0%
ARDAGH MP USA INC., (Acquired 08/02/21, Cost: $1,599,353)^(d)			162,646		652,210


Chemicals — 0.1%
Element Solutions, Inc.^(e)			37,305		720,360


Electrical Equipment — 0.0%
SunPower Corp.^(f)			1,025		14,186


Energy Equipment & Services — 0.0%
Nine Energy Service, Inc.^(f)			2,390		13,288


Financial Services — 0.0%
Block, Inc.^(f)			4,614		316,751
UCI International Remainco LLC^(g)			109,729		1

					316,752


Security		Shares		Value

Ground Transportation — 0.0%
Uber Technologies, Inc.^(f)			14,860	$	471,062


IT Services — 0.0%
Twilio, Inc., Class A^(f)			2,522		168,041


Metals & Mining — 0.2%
Constellium SE^(f)			138,993		2,123,813


Oil, Gas & Consumable Fuels — 0.0%
Kcad Holdings I Ltd.^(g)			2,223,465,984		22,235


Semiconductors & Semiconductor Equipment —0.0%
Maxeon Solar Technologies Ltd.^(f)			128		3,397


Software — 0.1%
Informatica, Inc., Class A^(f)			62,173		1,019,637


Total Common Stocks — 0.4% (Cost: $31,392,800)					5,524,981


		Par (000)

Corporate Bonds

Aerospace & Defense — 6.7%
Amsted Industries, Inc., 5.63%, 07/01/27^(b)	USD		890		865,525
Boeing Co. 5.15%, 05/01/30			4,978		5,009,123
5.81%, 05/01/50			1,530		1,540,201
5.93%, 05/01/60			1,485		1,483,227
Bombardier, Inc.^(b)7.50%, 03/15/25			166		165,982
7.13%, 06/15/26			6,036		6,057,730
7.88%, 04/15/27			4,116		4,166,746
6.00%, 02/15/28			3,651		3,555,179
7.50%, 02/01/29			2,307		2,356,739
7.45%, 05/01/34			434		486,080
EnPro Industries, Inc., 5.75%, 10/15/26			2,192		2,131,720
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(b)			2,295		1,916,325
Howmet Aerospace, Inc., 5.13%, 10/01/24			38		38,155
Rolls-Royce PLC, 5.75%, 10/15/27^(b)			4,897		4,878,391
Spirit AeroSystems, Inc.^(b)7.50%, 04/15/25			126		126,000
9.38%, 11/30/29			3,295		3,595,669
TransDigm, Inc. 8.00%, 12/15/25^(b)			1,221		1,243,894
6.25%, 03/15/26^(b)			32,149		32,178,260
6.38%, 06/15/26			745		728,237
6.75%, 08/15/28^(b)			12,768		12,895,680
Triumph Group, Inc., 9.00%, 03/15/28^(b)			4,613		4,617,844

					90,036,707

Air Freight & Logistics — 0.0%
XPO Escrow Sub LLC, 7.50%, 11/15/27^(b)			412		428,480


Automobile Components — 2.1%
Adient Global Holdings Ltd., 3.50%, 08/15/24^(c)	EUR		100		107,850
Clarios Global LP, 6.75%, 05/15/25^(b)	USD		1,456		1,471,506
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26^(c)	EUR		714		738,040
6.25%, 05/15/26^(b)	USD		6,746		6,729,135
8.50%, 05/15/27^(b)			14,253		14,306,449


Security		Par (000)		Value

Automobile Components (continued)
Dana Financing Luxembourg SARL, 3.00%, 07/15/29^(c)	EUR		100	$	83,454
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(b)	USD		1,030		924,425
Dometic Group AB, 3.00%, 05/08/26^(c)	EUR		100		98,412
Faurecia SE, 2.75%, 02/15/27^(c)			356		342,678
Goodyear Tire & Rubber Co.
9.50%, 05/31/25	USD		1,085		1,114,939
5.00%, 07/15/29			520		464,568
5.63%, 04/30/33			311		269,015
Grupo Antolin-Irausa SA, 3.50%, 04/30/28^(c)	EUR		146		114,051
IHO Verwaltungs GmbH, (8.75% Cash or 9.50% PIK), 8.75%, 05/15/28^(c)(h)(i)			116		128,524
Titan International, Inc., 7.00%, 04/30/28	USD		348		313,559
ZF Finance GmbH^(c)
5.75%, 08/03/26	EUR		200		217,434
2.00%, 05/06/27			200		186,606
2.75%, 05/25/27			100		96,642

					27,707,287

Automobiles — 2.3%
Asbury Automotive Group, Inc.
4.50%, 03/01/28	USD		751		683,410
4.75%, 03/01/30			147		131,565
5.00%, 02/15/32^(b)			793		694,672
Constellation Automotive Financing PLC, 4.88%, 07/15/27^(c)	GBP		100		89,744
Ford Motor Co.
3.25%, 02/12/32	USD		2,545		2,000,260
6.10%, 08/19/32			3,623		3,510,890
Ford Motor Credit Co. LLC
3.81%, 01/09/24			713		704,572
4.54%, 03/06/25	GBP		200		236,474
5.13%, 06/16/25	USD		263		257,436
4.13%, 08/04/25			2,166		2,060,443
4.39%, 01/08/26			507		481,016
6.86%, 06/05/26	GBP		108		132,676
4.95%, 05/28/27	USD		969		924,247
4.87%, 08/03/27	EUR		175		184,094
4.13%, 08/17/27	USD		5,444		4,988,011
2.90%, 02/16/28			1,423		1,223,211
5.11%, 05/03/29			1,105		1,037,374
7.35%, 03/06/30			2,766		2,842,065
4.00%, 11/13/30			258		219,230
3.63%, 06/17/31			1,200		988,836
General Motors Co.
5.60%, 10/15/32			531		519,891
5.40%, 04/01/48			1,031		885,002
Ken Garff Automotive LLC, 4.88%, 09/15/28^(b)			680		578,080
LCM Investments Holdings II LLC, 4.88%, 05/01/29^(b)			1,552		1,298,403
Lithia Motors, Inc., 3.88%, 06/01/29^(b)			721		623,665
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(b)			975		721,919
Penske Automotive Group, Inc.
3.50%, 09/01/25			1,040		978,000
3.75%, 06/15/29			377		325,475
RCI Banque SA, (5 year EUR Swap + 2.85%), 2.63%, 02/18/30^(a)(c)	EUR		600		592,752
Renault SA, 2.38%, 05/25/26^(c)			100		99,096


Security		Par (000)		Value

Automobiles (continued)
Volvo Car AB, 2.50%, 10/07/27^(c)	EUR		100	$	97,063
Wabash National Corp., 4.50%, 10/15/28^(b)	USD		1,072		929,390

					31,038,962

Banks — 0.5%
Banca Monte dei Paschi di Siena SpA, (1 mo. EURIBOR + 3.21%), 6.75%, 03/02/26^(a)(c)	EUR		150		159,364
Banco BPM SpA, (5 year EUR Swap + 4.67%), 4.25%, 10/01/29^(a)(c)			250		257,265
Banco de Sabadell SA^(a)(c)
(1 year EUR Swap + 2.40%), 5.25%, 02/07/29			100		102,884
(5 year EUR Swap + 2.95%), 2.50%, 04/15/31			100		89,598
Banco Espirito Santo SA^(f)(j)
4.75%, 01/15/22			1,900		236,963
4.00%, 01/21/22			1,100		137,189
First-Citizens Bank & Trust Co., 6.00%, 04/01/36	USD		3,261		3,172,105
HSBC Bank PLC, Series 1M, (6 mo. LIBOR US + 0.25%), 5.40%^(a)(k)			80		57,750
Intesa Sanpaolo SpA
5.71%, 01/15/26^(b)			600		568,492
5.15%, 06/10/30^(c)	GBP		125		125,705
(1 year CMT + 2.60%), 4.20%, 06/01/32^(a)(b)	USD		855		621,944
(1 year CMT + 2.75%), 4.95%, 06/01/42^(a)(b)			630		417,617
Macquarie Bank Ltd., 6.80%, 01/18/33^(b)			623		633,276

					6,580,152

Beverages — 3.3%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(h)			3,279		2,508,328
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
6.00%, 06/15/27^(b)			3,141		3,112,810
3.25%, 09/01/28^(b)			1,708		1,469,840
3.00%, 09/01/29^(c)	EUR		464		373,632
4.00%, 09/01/29^(b)	USD		9,284		7,264,730
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 04/30/25^(b)			200		197,000
2.13%, 08/15/26^(c)	EUR		167		158,271
4.13%, 08/15/26^(b)	USD		1,000		932,500
4.75%, 07/15/27^(c)	GBP		100		94,288
Ball Corp., 3.13%, 09/15/31	USD		1,625		1,344,687
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(b)			584		529,197
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26			155		163,785
Mauser Packaging Solutions Holding Co.^(b)
7.88%, 08/15/26			15,569		15,569,000
9.25%, 04/15/27			250		230,998
Trivium Packaging Finance BV 5.50%, 08/15/26^(b)			3,921		3,756,318
8.50%, 08/15/27^(b)			6,524		5,936,840
(1 mo. EURIBOR + 3.75%), 6.40%, 08/15/26^(a)(c)	EUR		100		106,010

					43,748,234

Biotechnology^(c)— 0.0%
Cidron Aida Finco SARL
5.00%, 04/01/28			163		155,568
6.25%, 04/01/28	GBP		133		139,270

					294,838


Security	Par (000)			Value

Broadline Retail — 0.1%
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(b)		USD	1,212	$	1,137,910


Building Materials — 1.2%
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28^(b)			1,004		929,644
James Hardie International Finance DAC, 5.00%, 01/15/28^(b)			458		429,320
Jeld-Wen, Inc.^(b)
6.25%, 05/15/25			852		849,870
4.63%, 12/15/25			136		126,140
Masonite International Corp.^(b)
Class C, 5.38%, 02/01/28			239		228,245
Class C, 3.50%, 02/15/30			1,179		977,164
New Enterprise Stone & Lime Co., Inc.^(b)
5.25%, 07/15/28			435		384,494
9.75%, 07/15/28			640		611,200
PCF GmbH, 4.75%, 04/15/26^(c)		EUR	100		93,661
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28^(b)		USD	5,538		5,198,798
Standard Industries, Inc.
2.25%, 11/21/26^(c)		EUR	411		385,676
5.00%, 02/15/27^(b)		USD	704		668,603
4.75%, 01/15/28^(b)			100		93,418
4.38%, 07/15/30^(b)			4,458		3,878,460
3.38%, 01/15/31^(b)			1,092		877,623
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(b)			166		156,870

					15,889,186

Building Products^(b)— 1.6%
Advanced Drainage Systems, Inc.
5.00%, 09/30/27			1,464		1,391,275
6.38%, 06/15/30			2,120		2,077,255
Beacon Roofing Supply, Inc., 4.13%, 05/15/29			552		487,068
Foundation Building Materials, Inc., 6.00%, 03/01/29			440		348,752
GYP Holdings III Corp., 4.63%, 05/01/29			2,104		1,798,920
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			386		354,742
SRS Distribution, Inc.
4.63%, 07/01/28			4,291		3,810,816
6.13%, 07/01/29			2,619		2,209,677
6.00%, 12/01/29			2,622		2,164,908
White Cap Buyer LLC, 6.88%, 10/15/28			6,364		5,520,506
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26^(h)			2,051		1,865,148

					22,029,067

Capital Markets — 2.1%
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27^(b)			708		712,609
Aretec Escrow Issuer, Inc., 7.50%, 04/01/29^(b)			276		225,630
Blackstone Private Credit Fund
7.05%, 09/29/25^(b)			432		425,977
3.25%, 03/15/27			590		500,939
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)			1,129		993,989
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32			1,733		1,406,087
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26			104		102,344


Security	Par (000)			Value

Capital Markets (continued)
Icahn Enterprises LP/Icahn Enterprises Finance Corp. (continued)
5.25%, 05/15/27		USD	5,303	$	4,975,858
4.38%, 02/01/29			1,324		1,138,640
Lehman Brothers Holdings, Inc.^(f)(j)
5.38%, 10/17/12		EUR	350		1,708
1.00%, 05/17/13		USD	1,535		3,070
4.75%, 01/16/14		EUR	1,890		9,224
1.00%, 02/05/22			3,950		19,277
1.00%, 12/31/49		USD	430		860
NFP Corp.^(b)
6.88%, 08/15/28			7,738		6,640,287
7.50%, 10/01/30			4,085		3,947,050
Northern Trust Corp., 6.13%, 11/02/32			1,435		1,529,885
Owl Rock Capital Corp.
3.75%, 07/22/25			1,102		1,004,908
3.40%, 07/15/26			785		693,115
Owl Rock Core Income Corp.
5.50%, 03/21/25			873		850,099
3.13%, 09/23/26			540		468,468
7.75%, 09/16/27^(b)			1,852		1,824,471
Sherwood Financing PLC, 6.00%, 11/15/26^(c)		GBP	100		102,587

					27,577,082

Chemicals — 3.0%
Ashland LLC, 3.38%, 09/01/31^(b)		USD	709		579,558
Avient Corp., 7.13%, 08/01/30^(b)			440		453,750
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25^(c)		EUR	242		258,512
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)		USD	3,462		2,966,184
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)			3,148		2,991,230
Celanese U.S. Holdings LLC, 6.17%, 07/15/27			593		596,383
Chemours Co., 5.75%, 11/15/28^(b)			609		543,672
Element Solutions, Inc., 3.88%, 09/01/28^(b)			7,277		6,386,586
FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27^(c)		EUR	100		95,804
HB Fuller Co., 4.25%, 10/15/28		USD	606		537,577
Herens Holdco SARL, 4.75%, 05/15/28^(b)			4,049		3,259,445
Herens Midco SARL, 5.25%, 05/15/29^(c)		EUR	102		73,340
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)		USD	1,619		1,435,269
INEOS Finance PLC, 6.63%, 05/15/28^(c)		EUR	100		109,373
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26^(c)			115		111,684
Ingevity Corp., 3.88%, 11/01/28^(b)		USD	494		423,249
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26^(b)(h)			1,348		970,560
Kronos International, Inc., 3.75%, 09/15/25^(c)		EUR	100		99,274
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29^(b)		USD	725		609,631
Minerals Technologies, Inc., 5.00%, 07/01/28^(b)			878		800,596
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)			456		449,876
SCIL IV LLC/SCIL USA Holdings LLC
5.38%, 11/01/26^(b)			1,495		1,365,738
(1 mo. EURIBOR + 4.38%), 6.86%, 11/01/26^(a)(c)		EUR	100		106,552
Scotts Miracle-Gro Co.
4.00%, 04/01/31		USD	690		550,388
4.38%, 02/01/32			146		117,344


Security	Par (000)			Value

Chemicals (continued)
SK Invictus Intermediate II SARL, 5.00%, 10/30/29^(b)		USD	4,319	$	3,585,807
WESCO Distribution, Inc.^(b)
7.13%, 06/15/25			1,940		1,971,913
7.25%, 06/15/28			2,820		2,895,576
WR Grace Holdings LLC^(b)
4.88%, 06/15/27			733		706,546
5.63%, 08/15/29			5,346		4,530,735
7.38%, 03/01/31			799		802,020

					40,384,172

Commercial Services & Supplies — 2.1%
ADT Security Corp.^(b)
4.13%, 08/01/29			104		92,746
4.88%, 07/15/32			47		41,468
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26^(b)			940		836,639
AMN Healthcare, Inc., 4.00%, 04/15/29^(b)			502		444,270
APX Group, Inc.^(b)
6.75%, 02/15/27			1,620		1,611,900
5.75%, 07/15/29			1,478		1,322,810
BCP V Modular Services Finance II PLC^(c)
4.75%, 11/30/28		EUR	200		184,174
6.13%, 11/30/28		GBP	100		104,856
Cablevision Lightpath LLC, 3.88%, 09/15/27^(b)		USD	866		696,896
EC Finance PLC, 3.00%, 10/15/26^(c)		EUR	209		208,244
Fortress Transportation & Infrastructure Investors LLC^(b)
6.50%, 10/01/25		USD	2,793		2,794,857
9.75%, 08/01/27			673		710,076
5.50%, 05/01/28			2,269		2,070,099
Herc Holdings, Inc., 5.50%, 07/15/27^(b)			3,360		3,242,400
Hertz Corp.^(b)
4.63%, 12/01/26			666		603,063
5.00%, 12/01/29			476		394,233
Inter Media & Communication SpA, 6.75%, 02/09/27^(c)		EUR	100		101,184
LABL, Inc., 9.50%, 11/01/28		USD	1,281		1,292,209
Loxam SAS^(c)
3.75%, 07/15/26		EUR	115		115,527
4.50%, 02/15/27			101		102,660
Metis Merger Sub LLC, 6.50%, 05/15/29^(b)		USD	763		635,503
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)			1,353		1,224,032
Paprec Holding SA, 3.50%, 07/01/28^(c)		EUR	100		94,299
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)
5.75%, 04/15/26		USD	1,690		1,677,325
6.25%, 01/15/28			3,124		2,920,940
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(b)			2,072		1,718,349
Verisure Holding AB^(c)
3.88%, 07/15/26		EUR	140		140,503
9.25%, 10/15/27			100		116,184
7.13%, 02/01/28			100		108,260


Security	Par (000)			Value

Commercial Services & Supplies (continued)
Williams Scotsman International, Inc.^(b)
6.13%, 06/15/25		USD	1,652	$	1,641,633
4.63%, 08/15/28			1,196		1,087,979

					28,335,318

Communications Equipment^(b)— 1.1%
CommScope Technologies LLC, 6.00%, 06/15/25			3,219		3,031,512
CommScope, Inc.
6.00%, 03/01/26			4,383		4,230,033
8.25%, 03/01/27			1,785		1,462,094
4.75%, 09/01/29			1,804		1,503,670
Viasat, Inc.
5.63%, 09/15/25			2,321		2,200,447
5.63%, 04/15/27			837		785,943
Viavi Solutions, Inc., 3.75%, 10/01/29			1,531		1,309,261

					14,522,960

Construction Materials^(b)— 0.2%
American Builders & Contractors Supply Co., Inc., 3.88%, 11/15/29			299		255,304
BCPE Empire Holdings, Inc., 7.63%, 05/01/27			1,681		1,536,014
H&E Equipment Services, Inc., 3.88%, 12/15/28			358		313,728
Resideo Funding, Inc., 4.00%, 09/01/29			290		241,109
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28			412		424,290

					2,770,445

Consumer Discretionary — 3.2%
APi Group DE, Inc.^(b)
4.13%, 07/15/29			727		623,825
4.75%, 10/15/29			542		476,862
Carnival Corp.
10.13%, 02/01/26^(c)		EUR	201		228,884
10.50%, 02/01/26^(b)		USD	1,184		1,233,633
7.63%, 03/01/26^(b)			395		360,438
5.75%, 03/01/27^(b)			4,951		4,061,454
9.88%, 08/01/27^(b)			1,240		1,277,318
4.00%, 08/01/28^(b)			3,168		2,727,109
6.00%, 05/01/29^(b)			2,452		1,949,340
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28^(b)			9,627		10,356,342
CoreLogic, Inc., 4.50%, 05/01/28^(b)			2,266		1,719,328
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26^(b)			561		502,016
Life Time, Inc.^(b)
5.75%, 01/15/26			1,652		1,604,794
8.00%, 04/15/26			1,163		1,109,397
Lindblad Expeditions LLC, 6.75%, 02/15/27^(b)			1,551		1,501,515
NCL Corp. Ltd.^(b)
5.88%, 03/15/26			1,473		1,253,641
8.38%, 02/01/28			719		721,464
7.75%, 02/15/29			223		191,208
NCL Finance Ltd., 6.13%, 03/15/28^(b)			849		687,894
Neptune Bidco U.S., Inc., 9.29%, 04/15/29^(b)			1,612		1,494,485
Royal Caribbean Cruises Ltd.^(b)
11.50%, 06/01/25			725		773,049
4.25%, 07/01/26			462		414,645
5.50%, 08/31/26			716		669,854
5.38%, 07/15/27			868		773,128
11.63%, 08/15/27			860		923,679


Security	Par (000)			Value

Consumer Discretionary (continued)
Royal Caribbean Cruises Ltd.^(b)(continued)
5.50%, 04/01/28		USD	482	$	425,551
8.25%, 01/15/29			923		965,573
9.25%, 01/15/29			1,695		1,800,937
7.25%, 01/15/30			1,455		1,464,094
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26^(c)		EUR	88		90,097
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(b)		USD	807		692,668

					43,074,222

Consumer Finance — 3.4%
American Express Co., (5 year CMT + 2.85%), 3.55%^(a)(k)			4,020		3,397,704
Block, Inc.
2.75%, 06/01/26			2,085		1,901,030
3.50%, 06/01/31			8,304		6,819,660
Discover Financial Services, 6.70%, 11/29/32			445		458,769
Encore Capital Group, Inc.^(c)
5.38%, 02/15/26		GBP	100		109,945
4.25%, 06/01/28			159		152,501
Global Payments, Inc.
3.20%, 08/15/29		USD	671		590,226
2.90%, 05/15/30			542		458,953
5.40%, 08/15/32			2,892		2,835,538
5.95%, 08/15/52			1,413		1,344,157
HealthEquity, Inc., 4.50%, 10/01/29^(b)			3,270		2,905,292
Iron Mountain U.K. PLC, 3.88%, 11/15/25^(c)		GBP	100		117,021
Navient Corp.
6.13%, 03/25/24		USD	1,297		1,279,568
5.88%, 10/25/24			665		645,963
5.50%, 03/15/29			564		476,580
Nexi SpA, 0.00%, 02/24/28^(c)(l)		EUR	200		160,246
OneMain Finance Corp.
6.88%, 03/15/25		USD	1,060		1,027,145
7.13%, 03/15/26			1,910		1,836,064
3.50%, 01/15/27			1,027		861,922
6.63%, 01/15/28			720		660,103
5.38%, 11/15/29			752		632,631
Sabre Global, Inc.^(b)
9.25%, 04/15/25			1,250		1,177,500
7.38%, 09/01/25			1,125		1,005,182
11.25%, 12/15/27			1,453		1,353,963
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)			3,237		3,042,780
SLM Corp., 3.13%, 11/02/26			930		790,500
Verscend Escrow Corp., 9.75%, 08/15/26^(b)			10,288		10,288,000

					46,328,943

Consumer Staples Distribution & Retail — 1.3%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(b)
3.25%, 03/15/26			2,052		1,930,922
4.63%, 01/15/27			2,041		1,973,820
5.88%, 02/15/28			1,440		1,431,151
6.50%, 02/15/28			829		831,072
3.50%, 03/15/29			449		390,672
4.88%, 02/15/30			1,150		1,073,393
Bellis Acquisition Co. PLC, 4.50%, 02/16/26^(c)		GBP	225		234,301
Darling Ingredients, Inc., 6.00%, 06/15/30^(b)		USD	2,203		2,195,510


Security		Par (000)		Value

Consumer Staples Distribution & Retail (continued)
Lamb Weston Holdings, Inc.^(b)
4.88%, 05/15/28	USD		305	$	295,835
4.13%, 01/31/30			305		279,075
4.38%, 01/31/32			2,206		2,000,639
Ocado Group PLC, 3.88%, 10/08/26^(c)	GBP		120		109,846
Performance Food Group, Inc., 4.25%, 08/01/29^(b)	USD		1,396		1,253,569
Picard Groupe SAS, 3.88%, 07/01/26^(c)	EUR		112		107,988
Post Holdings, Inc.^(b)
5.75%, 03/01/27	USD		2		1,952
5.63%, 01/15/28			104		101,920
5.50%, 12/15/29			243		228,987
4.50%, 09/15/31			194		170,739
Premier Foods Finance PLC, 3.50%, 10/15/26^(c)	GBP		100		111,939
U.S. Foods, Inc.^(b)
6.25%, 04/15/25	USD		841		848,582
4.75%, 02/15/29			1,687		1,558,366
4.63%, 06/01/30			149		134,406
United Natural Foods, Inc., 6.75%, 10/15/28^(b)			454		421,952

					17,686,636

Containers & Packaging — 0.9%
Clydesdale Acquisition Holdings, Inc.^(b)
6.63%, 04/15/29			4,060		3,907,750
8.75%, 04/15/30			3,713		3,374,151
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			433		415,103
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26			439		427,509
Fiber Bidco SpA, 11.00%, 10/25/27^(c)	EUR		100		116,313
Graphic Packaging International LLC
4.75%, 07/15/27^(b)	USD		574		546,279
3.50%, 03/15/28^(b)			35		32,032
2.63%, 02/01/29^(c)	EUR		556		522,135
Kleopatra Finco SARL, 4.25%, 03/01/26^(c)			200		180,446
LABL, Inc., 5.88%, 11/01/28^(b)	USD		1,415		1,257,320
Sealed Air Corp.^(b)
5.13%, 12/01/24			142		141,035
4.00%, 12/01/27			412		384,478
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28^(b)			903		913,073

					12,217,624

Diversified Consumer Services — 3.2%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)
6.63%, 07/15/26			11,899		11,434,998
9.75%, 07/15/27			3,116		2,777,166
6.00%, 06/01/29			6,236		4,654,925
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL
4.63%, 06/01/28^(b)			3,396		2,850,444
4.88%, 06/01/28^(c)	GBP		100		101,335
Brink’s Co., 5.50%, 07/15/25^(b)	USD		281		278,404
Clarivate Science Holdings Corp.^(b)
3.88%, 07/01/28			6,216		5,547,589
4.88%, 07/01/29			5,334		4,823,910
Garda World Security Corp.^(b)
4.63%, 02/15/27			807		724,405
7.75%, 02/15/28			1,892		1,864,761
Graham Holdings Co., 5.75%, 06/01/26^(b)			705		691,005


Security	Par (000)			Value

Diversified Consumer Services (continued)
Rekeep SpA, 7.25%, 02/01/26^(c)		EUR	100	$	95,436
Service Corp. International, 3.38%, 08/15/30		USD	3,055		2,604,387
Sotheby’s, 7.38%, 10/15/27^(b)			5,280		4,994,510

					43,443,275

Diversified REITs — 1.3%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27^(b)			962		772,005
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)			774		612,404
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26^(b)			1,021		885,718
Iron Mountain, Inc.^(b)
5.00%, 07/15/28			150		139,575
5.25%, 07/15/30			694		625,767
5.63%, 07/15/32			1,452		1,326,460
MPT Operating Partnership LP/MPT Finance Corp.
2.55%, 12/05/23		GBP	556		648,981
4.63%, 08/01/29		USD	2,066		1,526,257
3.50%, 03/15/31			3,495		2,352,834
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27			3,432		3,216,462
4.50%, 02/15/29^(b)			2,497		2,255,490
RLJ Lodging Trust LP, 4.00%, 09/15/29^(b)			1,279		1,068,122
VICI Properties LP, 4.95%, 02/15/30			1,185		1,111,965
VICI Properties LP/VICI Note Co., Inc., 3.88%, 02/15/29^(b)			241		214,278

					16,756,318

Diversified Telecommunication Services — 3.6%
Level 3 Financing, Inc.
3.40%, 03/01/27^(b)			4,373		3,458,793
4.25%, 07/01/28^(b)			693		390,991
3.63%, 01/15/29^(b)			1,338		739,807
3.75%, 07/15/29^(b)			4,608		2,456,801
3.88%, 11/15/29^(b)			1,580		1,143,493
10.50%, 05/15/30			2,185		2,087,344
Lumen Technologies, Inc., 4.00%, 02/15/27^(b)			4,866		3,211,560
SoftBank Group Corp.(c)
2.13%, 07/06/24		EUR	249		255,188
4.75%, 07/30/25			269		278,603
Sprint Capital Corp.
6.88%, 11/15/28		USD	7,661		8,231,974
8.75%, 03/15/32			6,944		8,454,320
Telecom Italia Capital SA
6.38%, 11/15/33			1,521		1,377,144
6.00%, 09/30/34			2,322		1,991,115
7.20%, 07/18/36			266		240,658
7.72%, 06/04/38			251		232,382
Telecom Italia Finance SA, 7.75%, 01/24/33		EUR	83		96,314
Telecom Italia SpA
5.30%, 05/30/24^(b)		USD	322		315,560
2.75%, 04/15/25^(c)		EUR	139		143,721
3.00%, 09/30/25^(c)			100		102,854
1.63%, 01/18/29^(c)			143		121,347
Telecom Italia SpA/Milano, 6.88%, 02/15/28^(c)			100		110,619


Security	Par (000)			Value

Diversified Telecommunication Services (continued)
Zayo Group Holdings, Inc.^(b)
4.00%, 03/01/27		USD	10,830	$	8,230,800
6.13%, 03/01/28			8,292		5,043,194

					48,714,582

Electric Utilities — 0.5%
Edison International, Series A, (5 year CMT + 4.70%), 5.38%^(a)(k)			2,200		1,945,528
EDP - Energias de Portugal SA^(a)(c)
(5 year EUR Swap + 1.84%), 1.70%, 07/20/80		EUR	100		97,727
(5 year EUR Swap + 2.38%), 1.88%, 08/02/81			200		188,161
Enel SpA, (5 year EUR Swap + 3.49%), 6.38%^(a)(c)(k)			100		108,992
FirstEnergy Corp., Series C, 3.40%, 03/01/50		USD	2,254		1,545,731
FirstEnergy Transmission LLC^(b)
5.45%, 07/15/44			1,664		1,594,203
4.55%, 04/01/49			322		270,992
NextEra Energy Operating Partners LP, 4.25%, 07/15/24^(b)			337		332,710
Pacific Gas and Electric Co., 6.75%, 01/15/53			824		851,487

					6,935,531

Electrical Equipment^(b)— 0.6%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26			2,205		2,166,412
GrafTech Finance, Inc., 4.63%, 12/15/28			717		597,878
Regal Rexnord Corp.
6.05%, 02/15/26			460		462,016
6.05%, 04/15/28			3,214		3,215,431
6.30%, 02/15/30			1,055		1,062,285
6.40%, 04/15/33			1,095		1,095,676

					8,599,698

Electronic Equipment, Instruments & Components — 0.9%
BWX Technologies, Inc.^(b)
4.13%, 06/30/28			2,910		2,620,192
4.13%, 04/15/29			1,267		1,123,560
CDW LLC/CDW Finance Corp.
3.28%, 12/01/28			107		94,256
3.25%, 02/15/29			1,434		1,261,189
Imola Merger Corp., 4.75%, 05/15/29^(b)			2,760		2,469,068
Vertiv Group Corp., 4.13%, 11/15/28^(b)			5,085		4,486,775

					12,055,040

Energy Equipment & Services — 1.0%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27			2,100		2,060,625
6.25%, 04/01/28			2,389		2,293,440
Enerflex Ltd., 9.00%, 10/15/27^(b)			1,227		1,193,257
Nine Energy Service, Inc., 13.00%, 02/01/28			478		451,710
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26			3,626		3,524,279
6.88%, 09/01/27			1,219		1,164,852
Vallourec SA, 8.50%, 06/30/26^(c)		EUR	125		134,885
Weatherford International Ltd.^(b)
11.00%, 12/01/24		USD	26		26,678
6.50%, 09/15/28			922		923,577
8.63%, 04/30/30			1,785		1,826,162

					13,599,465


Security	Par (000)			Value

Environmental, Maintenance & Security Service — 1.5%
Clean Harbors, Inc.^(b)
5.13%, 07/15/29		USD	909	$	865,957
6.38%, 02/01/31			1,231		1,255,934
Covanta Holding Corp.
4.88%, 12/01/29^(b)			472		419,957
5.00%, 09/01/30			520		447,304
GFL Environmental, Inc.^(b)
4.25%, 06/01/25			94		91,719
3.75%, 08/01/25			1,391		1,336,751
5.13%, 12/15/26			1,707		1,669,045
4.00%, 08/01/28			136		123,566
3.50%, 09/01/28			572		517,660
4.75%, 06/15/29			2,908		2,716,363
4.38%, 08/15/29			3,757		3,363,266
Stericycle, Inc., 3.88%, 01/15/29^(b)			768		670,451
Tervita Corp., 11.00%, 12/01/25^(b)			415		445,087
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)			6,675		6,138,747

					20,061,807

Financial Services — 2.0%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(b)			2,432		1,909,120
Bank of America Corp., (1 day SOFR + 1.99%), 6.20%, 11/10/28^(a)			1,563		1,633,932
Barclays PLC, 5.20%, 05/12/26			800		765,752
Blackstone Holdings Finance Co. LLC^(b)
5.90%, 11/03/27			1,163		1,186,057
6.20%, 04/22/33			1,774		1,858,405
Enact Holdings, Inc., 6.50%, 08/15/25^(b)			2,158		2,104,050
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25^(c)		EUR	100		82,639
Global Aircraft Leasing Co. Ltd.^(b)(h) (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24		USD	708		636,596
Series 2021, (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24			1,563		1,410,055
Home Point Capital, Inc., 5.00%, 02/01/26^(b)			1,023		767,562
HSBC Holdings PLC, (1 day SOFR + 3.35%), 7.39%, 11/03/28^(a)			1,270		1,351,703
Intrum AB, 4.88%, 08/15/25^(c)		EUR	100		99,774
ION Trading Technologies SARL, 5.75%, 05/15/28^(b)		USD	1,268		1,012,713
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28^(b)			1,679		1,421,425
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(b)
5.25%, 10/01/25			241		212,031
4.75%, 06/15/29			1,196		864,505
Lincoln Financing SARL, 3.63%, 04/01/24^(c)		EUR	49		53,336
MGIC Investment Corp., 5.25%, 08/15/28		USD	857		814,578
Morgan Stanley, (5 year CMT + 2.43%), 5.95%, 01/19/38^(a)			505		502,180
Nationstar Mortgage Holdings, Inc.^(b)
6.00%, 01/15/27			85		77,137
5.13%, 12/15/30			569		437,234
5.75%, 11/15/31			629		487,892
Rocket Mortgage LLC/Rocket Mortgage Co.-
Issuer, Inc., 2.88%, 10/15/26^(b)			5,909		5,288,555
Spectrum Brands, Inc.^(b)
5.00%, 10/01/29			424		367,978
5.50%, 07/15/30			292		256,932


Security	Par (000)			Value

Financial Services (continued)
UBS Group AG, (5 year CMT + 3.31%), 4.38%^(a)(b)(k)		USD	950	$	659,062
UniCredit SpA, (5 year EUR Swap + 2.80%), 2.73%, 01/15/32^(a)(c)		EUR	200		184,781
VistaJet Malta Finance PLC/XO Management
Holding, Inc., 6.38%, 02/01/30^(b)		USD	862		768,245

					27,214,229

Food Products — 1.5%
Aramark International Finance SARL, 3.13%, 04/01/25^(c)		EUR	582		610,481
Aramark Services, Inc.^(b) 5.00%, 04/01/25		USD	352		346,401
6.38%, 05/01/25			1,513		1,524,136
5.00%, 02/01/28			5,051		4,780,595
Chobani LLC/Chobani Finance Corp., Inc.^(b)7.50%, 04/15/25			6,490		6,327,890
4.63%, 11/15/28			5,365		4,888,856
Darling Global Finance BV, 3.63%, 05/15/26^(c)		EUR	457		480,348
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 3.75%, 12/01/31^(b)		USD	896		739,928
Pilgrim’s Pride Corp., 3.50%, 03/01/32			184		149,739
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(b)			512		416,067
Tereos Finance Groupe I SA, 7.25%, 04/15/28^(c)		EUR	100		106,407

					20,370,848

Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(b)		USD	537		469,204


Ground Transportation — 0.7%
United Rentals North America, Inc., 6.00%, 12/15/29^(b)			8,834		8,955,644


Health Care Equipment & Supplies — 0.7%
Avantor Funding, Inc. 2.63%, 11/01/25^(c)		EUR	527		548,548
3.88%, 07/15/28^(c)			100		100,858
4.63%, 07/15/28^(b)		USD	279		264,353
3.88%, 11/01/29^(b)			7,407		6,629,265
Embecta Corp., 6.75%, 02/15/30^(b)			376		342,160
Garden Spinco Corp., 8.63%, 07/20/30^(b)			963		1,028,894

					8,914,078

Health Care Providers & Services — 3.5%
Acadia Healthcare Co., Inc.^(b)5.50%, 07/01/28			890		862,188
5.00%, 04/15/29			146		137,240
AdaptHealth LLC^(b)6.13%, 08/01/28			372		341,552
5.13%, 03/01/30			146		123,855
AHP Health Partners, Inc., 5.75%, 07/15/29^(b)			1,951		1,638,840
Cano Health LLC, 6.25%, 10/01/28^(b)			484		264,990
Centene Corp. 2.45%, 07/15/28			910		791,700
3.00%, 10/15/30			3,271		2,754,447
2.50%, 03/01/31			3,139		2,541,962
2.63%, 08/01/31			548		444,050
CHS/Community Health Systems, Inc.^(b)5.63%, 03/15/27			437		383,634
6.00%, 01/15/29			3,155		2,668,751


Security	Par (000)			Value

Health Care Providers & Services (continued)
CHS/Community Health Systems, Inc.^(b)(continued)
5.25%, 05/15/30		USD	2,707	$	2,123,506
4.75%, 02/15/31			1,945		1,435,935
Encompass Health Corp. 4.50%, 02/01/28			116		108,122
4.75%, 02/01/30			1,923		1,748,382
4.63%, 04/01/31			1,035		904,119
HCA, Inc., 4.63%, 03/15/52^(b)			895		743,111
Legacy LifePoint Health LLC^(b)6.75%, 04/15/25			1,728		1,639,803
4.38%, 02/15/27			664		543,062
Medline Borrower LP^(b)3.88%, 04/01/29			1,055		915,213
5.25%, 10/01/29			5,836		5,063,387
ModivCare, Inc., 5.88%, 11/15/25^(b)			903		865,751
Molina Healthcare, Inc.^(b)4.38%, 06/15/28			294		273,505
3.88%, 11/15/30			1,259		1,098,500
3.88%, 05/15/32			2,459		2,066,547
Surgery Center Holdings, Inc.^(b)
6.75%, 07/01/25			997		986,308
10.00%, 04/15/27			1,948		1,986,191
Teleflex, Inc., 4.63%, 11/15/27			294		287,172
Tenet Healthcare Corp.
4.63%, 07/15/24			567		559,300
4.63%, 09/01/24			1,234		1,212,236
4.88%, 01/01/26			5,390		5,284,140
6.25%, 02/01/27			679		667,722
5.13%, 11/01/27			817		784,361
6.13%, 10/01/28			596		571,218
6.13%, 06/15/30^(b)			2,258		2,227,517

					47,048,317

Health Care Technology — 1.2%
AthenaHealth Group, Inc., 6.50%, 02/15/30^(b)			8,654		7,017,178
Catalent Pharma Solutions, Inc.^(b)
3.13%, 02/15/29			3,392		2,981,935
3.50%, 04/01/30			1,657		1,456,221
Charles River Laboratories International, Inc., 4.00%, 03/15/31^(b)			1,426		1,247,742
IQVIA, Inc. 1.75%, 03/15/26^(c)		EUR	330		332,998
5.00%, 10/15/26^(b)		USD	1,504		1,470,160
5.00%, 05/15/27^(b)			1,011		993,399
2.25%, 03/15/29^(c)		EUR	100		92,182

					15,591,815

Hotels, Restaurants & Leisure — 5.9%
Accor SA, 0.70%, 12/07/27^(c)			158		76,992
Boyd Gaming Corp. 4.75%, 12/01/27		USD	746		715,489
4.75%, 06/15/31^(b)			1,781		1,617,504
Boyne USA, Inc., 4.75%, 05/15/29^(b)			1,752		1,564,141
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b)
5.75%, 04/15/25			648		650,362
3.88%, 01/15/28			1,286		1,195,980
4.38%, 01/15/28			3,126		2,885,767
4.00%, 10/15/30			534		457,905


Security	Par (000)			Value

Hotels, Restaurants & Leisure (continued)
Caesars Entertainment, Inc.^(b)6.25%, 07/01/25		USD	8,969	$	8,969,419
8.13%, 07/01/27			9,313		9,499,260
4.63%, 10/15/29			1,889		1,651,930
7.00%, 02/15/30			6,747		6,865,072
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(b)			1,522		1,522,325
CCM Merger, Inc., 6.38%, 05/01/26^(b)			915		893,369
CDI Escrow Issuer, Inc., 5.75%, 04/01/30^(b)			3,500		3,380,440
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.50%, 05/01/25^(b)			2,704		2,702,296
5.38%, 04/15/27			406		387,999
6.50%, 10/01/28			293		284,274
Churchill Downs, Inc.^(b)5.50%, 04/01/27			850		832,222
4.75%, 01/15/28			5,473		5,125,054
Cirsa Finance International SARL, 4.75%, 05/22/25^(c)		EUR	147		153,842
Codere Finance 2 Luxembourg SA^(c)(h)
(2.00% Cash or 10.75% PIK), 12.75%, 11/30/27			59		28,426
(8.00% Cash or 3.00% PIK), 11.00%, 09/30/26			132		123,812
CPUK Finance Ltd., 4.50%, 08/28/27^(c)		GBP	100		103,817
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.^(b)
4.63%, 01/15/29		USD	1,760		1,544,752
6.75%, 01/15/30			318		261,628
Hilton Domestic Operating Co., Inc. 5.75%, 05/01/28^(b)			1,133		1,133,000
3.75%, 05/01/29^(b)			544		486,880
4.88%, 01/15/30			2,225		2,131,238
4.00%, 05/01/31^(b)			1,094		958,016
3.63%, 02/15/32^(b)			484		408,375
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27			240		236,741
IRB Holding Corp., 7.00%, 06/15/25^(b)			794		796,414
Lottomatica SpA/Roma, 6.25%, 07/15/25^(c)		EUR	249		269,028
Melco Resorts Finance Ltd.^(b)4.88%, 06/06/25		USD	271		253,216
5.75%, 07/21/28			400		338,400
5.38%, 12/04/29			1,500		1,226,250
Merlin Entertainments Ltd., 5.75%, 06/15/26^(b)			1,386		1,314,587
MGM Resorts International, 5.75%, 06/15/25			322		321,225
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(b)			1,247		1,084,059
Motion Bondco DAC, 6.63%, 11/15/27^(b)			450		415,225
Premier Entertainment Sub LLC/Premier
Entertainment Finance Corp., 5.63%, 09/01/29^(b)			1,188		876,875
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26^(b)			973		904,890
Scientific Games International, Inc.^(b)8.63%, 07/01/25			1,054		1,079,033
7.00%, 05/15/28			706		698,940
7.25%, 11/15/29			241		241,465
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)			1,518		1,533,689
Station Casinos LLC^(b)4.50%, 02/15/28			1,147		1,035,168
4.63%, 12/01/31			1,433		1,210,168


Security	Par (000)			Value

Hotels, Restaurants & Leisure (continued)
Stonegate Pub Co. Financing PLC, 8.00%, 07/13/25^(c)		GBP	159	$	179,955
Vail Resorts, Inc., 6.25%, 05/15/25^(b)		USD	811		812,898
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(b)			811		747,120
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)			1,353		1,278,585
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(b)
5.13%, 10/01/29			3,382		3,072,074
7.13%, 02/15/31			1,023		1,037,701
Yum! Brands, Inc., 4.75%, 01/15/30^(b)			167		159,550

					79,734,842

Household Durables — 1.1%
Ashton Woods USA LLC/Ashton Woods Finance Co.^(b)
6.63%, 01/15/28			406		368,095
4.63%, 08/01/29			547		443,070
4.63%, 04/01/30			636		523,663
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC^(b)5.00%, 06/15/29			1,154		882,810
4.88%, 02/15/30			1,424		1,073,910
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)			1,328		1,138,760
Installed Building Products, Inc., 5.75%, 02/01/28^(b)			723		665,783
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(b)			1,893		1,855,140
KB Home, 7.25%, 07/15/30			328		332,670
Mattamy Group Corp., 4.63%, 03/01/30^(b)			1,582		1,375,994
Meritage Homes Corp., 5.13%, 06/06/27			286		278,135
NCR Corp.^(b)5.00%, 10/01/28			563		494,857
5.13%, 04/15/29			1,991		1,722,720
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)			1,738		1,068,870
Taylor Morrison Communities, Inc.^(b)5.88%, 06/15/27			1,431		1,403,853
5.13%, 08/01/30			336		310,154
Tempur Sealy International, Inc.^(b)4.00%, 04/15/29			1,177		1,035,501
3.88%, 10/15/31			68		56,780
Tri Pointe Homes, Inc., 5.70%, 06/15/28			291		280,000

					15,310,765

Household Products — 0.1%
Central Garden & Pet Co. 5.13%, 02/01/28			280		269,500
4.13%, 10/15/30			768		678,605
4.13%, 04/30/31^(b)			998		861,733

					1,809,838

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Corp.^(b)5.25%, 06/01/26			136		132,586
4.50%, 02/15/28			112		103,893
5.13%, 03/15/28			2,897		2,652,407
5.00%, 02/01/31			311		263,267
3.75%, 03/01/31			15		12,652
Clearway Energy Operating LLC^(b)4.75%, 03/15/28			823		785,965


Security	Par (000)			Value

Independent Power and Renewable Electricity Producers (continued)
Clearway Energy Operating LLC^(b)(continued)
3.75%, 01/15/32		USD	1,484	$	1,233,325
Cullinan Holdco Scsp, 4.63%, 10/15/26^(c)		EUR	100		95,176
NRG Energy, Inc.
5.75%, 01/15/28		USD	248		243,210
5.25%, 06/15/29^(b)			730		677,706
7.00%, 03/15/33^(b)			980		1,015,202
TerraForm Power Operating LLC, 4.75%, 01/15/30^(b)			1,053		944,210
TransAlta Corp., 7.75%, 11/15/29			590		620,022

					8,779,621

Insurance — 3.2%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(b)			1,205		995,717
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)
4.25%, 10/15/27			8,249		7,388,547
6.75%, 10/15/27			12,437		11,535,318
6.75%, 04/15/28			3,296		3,258,920
5.88%, 11/01/29			6,477		5,462,008
AmWINS Group, Inc., 4.88%, 06/30/29^(b)			1,494		1,322,190
Ardonagh Midco 2 PLC, (11.50% Cash or 12.75% PIK), 11.50%, 01/15/27^(b)(h)			484		440,589
Galaxy Bidco Ltd., 6.50%, 07/31/26^(c)		GBP	100		110,407
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)		USD	1,723		1,644,249
HUB International Ltd., 7.00%, 05/01/26^(b)			6,921		6,802,012
Jones Deslauriers Insurance Management, Inc.
8.50%, 03/15/30			1,475		1,528,793
10.50%, 12/15/30^(b)			1,461		1,471,530
Liberty Mutual Group, Inc., (5 year EUR Swap + 3.70%), 3.63%, 05/23/59^(a)(c)		EUR	100		99,232
Ryan Specialty Group LLC, 4.38%, 02/01/30^(b)		USD	879		768,578

					42,828,090

Interactive Media & Services — 0.2%
Arches Buyer, Inc., 4.25%, 06/01/28^(b)			562		469,692
Cablevision Lightpath LLC, 5.63%, 09/15/28^(b)			1,201		828,750
iliad SA^(c)
5.38%, 06/14/27		EUR	100		107,577
5.63%, 02/15/30			100		105,196
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.^(b)
4.75%, 04/30/27		USD	1,533		1,309,682
6.00%, 02/15/28			121		89,527

					2,910,424

Internet Software & Services — 1.9%
ANGI Group LLC, 3.88%, 08/15/28^(b)			1,361		1,034,005
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(b)
5.25%, 12/01/27			1,113		1,083,077
3.50%, 03/01/29			998		862,901
Match Group Holdings II LLC^(b)
5.63%, 02/15/29			2,579		2,424,883
4.13%, 08/01/30			1,053		906,633
3.63%, 10/01/31			825		671,364
Uber Technologies, Inc.
7.50%, 05/15/25^(b)			2,820		2,856,160
0.00%, 12/15/25^(l)			1,757		1,545,775


Security	Par (000)			Value

Internet Software & Services (continued)
Uber Technologies, Inc. (continued)
8.00%, 11/01/26^(b)		USD	2,453	$	2,514,889
7.50%, 09/15/27^(b)			3,952		4,074,947
6.25%, 01/15/28^(b)			1,356		1,352,610
4.50%, 08/15/29^(b)			6,589		6,004,226

					25,331,470

IT Services — 2.6%
Ahead DB Holdings LLC, 6.63%, 05/01/28^(b)			886		733,734
Atos SE^(c)
1.75%, 05/07/25		EUR	100		96,364
2.50%, 11/07/28			100		81,896
Booz Allen Hamilton, Inc.^(b)
3.88%, 09/01/28		USD	1,374		1,253,830
4.00%, 07/01/29			2,334		2,106,233
CA Magnum Holdings, 5.38%, 10/31/26^(b)			2,652		2,340,390
Camelot Finance SA, 4.50%, 11/01/26^(b)			3,071		2,902,095
Dun & Bradstreet Corp., 5.00%, 12/15/29^(b)			5,191		4,494,736
Fair Isaac Corp., 4.00%, 06/15/28^(b)			1,959		1,816,972
Gartner, Inc.^(b)
4.50%, 07/01/28			1,194		1,133,345
3.63%, 06/15/29			540		481,845
KBR, Inc., 4.75%, 09/30/28^(b)			1,050		938,292
La Financiere Atalian SASU, 5.13%, 05/15/25^(c)		EUR	100		72,924
McAfee Corp., 7.38%, 02/15/30^(b)		USD	7,292		6,114,300
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)			265		253,245
Science Applications International Corp., 4.88%, 04/01/28^(b)			1,024		953,465
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(b)			816		809,057
Twilio, Inc.
3.63%, 03/15/29			2,203		1,900,087
3.88%, 03/15/31			3,079		2,612,593
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)			5,028		4,352,865

					35,448,268

Leisure Products — 0.2%
Mattel, Inc.
3.75%, 04/01/29^(b)			327		293,802
6.20%, 10/01/40			1,016		915,040
5.45%, 11/01/41			1,827		1,538,343

					2,747,185

Machinery — 1.8%
ATS Corp., 4.13%, 12/15/28^(b)			553		490,461
Chart Industries, Inc.^(b)
7.50%, 01/01/30			3,372		3,484,018
9.50%, 01/01/31			502		529,610
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(b)(h)			1,662		1,404,390
IMA Industria Macchine Automatiche SPA, 3.75%, 01/15/28^(c)		EUR	100		95,023
Madison IAQ LLC, 5.88%, 06/30/29^(b)		USD	1,905		1,471,612
Mueller Water Products, Inc., 4.00%, 06/15/29^(b)			385		343,910
Novafives SAS, 5.00%, 06/15/25^(c)		EUR	100		94,905
OT Merger Corp., 7.88%, 10/15/29^(b)		USD	621		366,410
Renk AG/Frankfurt am Main, 5.75%, 07/15/25^(c)		EUR	129		136,740
Terex Corp., 5.00%, 05/15/29^(b)		USD	1,766		1,643,281
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26^(b)			4,542		3,803,925


Security	Par (000)			Value

Machinery (continued)
TK Elevator Holdco GmbH
6.63%, 07/15/28^(c)		EUR	90	$	82,452
7.63%, 07/15/28^(b)		USD	2,645		2,285,912
TK Elevator Midco GmbH, 4.38%, 07/15/27^(c)		EUR	568		555,936
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27^(b)		USD	7,368		6,956,129

					23,744,714

Marine Transportation — 0.0%
Huntington Ingalls Industries, Inc., 4.20%, 05/01/30			265		248,021


Media — 12.6%
Altice Financing SA
2.25%, 01/15/25^(c)		EUR	100		101,942
4.25%, 08/15/29^(c)			101		87,889
5.75%, 08/15/29^(b)		USD	7,044		5,599,980
Altice France Holding SA, 10.50%, 05/15/27^(b)			2,628		2,010,420
AMC Networks, Inc.
4.75%, 08/01/25			1,038		920,540
4.25%, 02/15/29			684		420,530
Block Communications, Inc., 4.88%, 03/01/28^(b)			495		427,722
Cable One, Inc.
0.00%, 03/15/26^(l)			475		374,775
1.13%, 03/15/28			1,164		850,884
4.00%, 11/15/30^(b)			3,411		2,776,454
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)
4.75%, 03/01/30			2,118		1,835,025
4.25%, 02/01/31			2,994		2,448,074
7.38%, 03/01/31			13,260		13,052,812
4.75%, 02/01/32			7,438		6,246,823
4.25%, 01/15/34			970		758,656
Charter Communications Operating LLC/Charter Communications Operating Capital
4.40%, 04/01/33			334		296,395
5.50%, 04/01/63			606		491,757
Clear Channel International BV, 6.63%, 08/01/25^(b)			1,965		1,912,107
Clear Channel Outdoor Holdings, Inc.^(b)
5.13%, 08/15/27			7,568		6,792,280
7.75%, 04/15/28			412		309,000
7.50%, 06/01/29			9,974		7,088,522
CMG Media Corp., 8.88%, 12/15/27^(b)			3,180		2,404,080
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26^(b)			9,224		8,670,560
CSC Holdings LLC
5.25%, 06/01/24			1,120		1,080,800
5.50%, 04/15/27^(b)			1,406		1,183,993
4.13%, 12/01/30^(b)			12,558		9,019,030
Directv Financing LLC/Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/27^(b)			2,469		2,236,173
DISH DBS Corp.
5.75%, 12/01/28^(b)			8,407		6,273,724
5.13%, 06/01/29			2,193		1,167,773
DISH Network Corp., 11.75%, 11/15/27^(b)			3,434		3,330,980
Frontier Communications Holdings LLC, 8.75%, 05/15/30^(b)			12,473		12,423,233
GCI LLC, 4.75%, 10/15/28^(b)			498		429,640
Global Switch Holdings Ltd., 2.25%, 05/31/27^(c)		EUR	106		107,862
Iliad Holding SASU^(b)
6.50%, 10/15/26		USD	7,230		6,890,332
7.00%, 10/15/28			3,741		3,549,423


Security	Par (000)			Value

Media (continued)
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)		USD	4,017	$	3,794,056
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(h)			1,139		272,926
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(b)			1,076		707,470
Live Nation Entertainment, Inc.^(b)
4.88%, 11/01/24			134		131,320
5.63%, 03/15/26			104		100,620
6.50%, 05/15/27			8,159		8,246,660
4.75%, 10/15/27			3,639		3,366,075
3.75%, 01/15/28			1,342		1,201,090
Lorca Telecom Bondco SA, 4.00%, 09/18/27^(c)		EUR	274		272,326
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(b)		USD	972		879,660
Odeon Finco PLC, 12.75%, 11/01/27^(b)			303		278,632
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27			2,974		2,679,068
4.25%, 01/15/29			1,212		1,005,960
4.63%, 03/15/30			383		319,410
Pinewood Finance Co. Ltd., 3.63%, 11/15/27^(c)		GBP	100		109,328
Radiate Holdco LLC/Radiate Finance, Inc.^(b)
4.50%, 09/15/26		USD	1,971		1,542,308
6.50%, 09/15/28			5,077		2,081,570
Sable International Finance Ltd., 5.75%, 09/07/27^(b)			539		502,213
SES SA, (5 year EUR Swap + 5.40%), 5.63%^(a)(c)(k)		EUR	100		106,010
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)		USD	4,302		3,468,488
Sirius XM Radio, Inc., 5.00%, 08/01/27^(b)			6,532		6,115,324
Stagwell Global LLC, 5.63%, 08/15/29^(b)			553		484,946
Summer BC Holdco B SARL, 5.75%, 10/31/26^(c)		EUR	100		94,351
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25^(c)(h)			166		138,770
TEGNA, Inc., 4.75%, 03/15/26^(b)		USD	240		227,664
Tele Columbus AG, 3.88%, 05/02/25^(c)		EUR	185		148,869
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28^(b)		USD	2,000		1,840,000
Univision Communications, Inc.^(b)
6.63%, 06/01/27			1,816		1,721,931
7.38%, 06/30/30			1,033		976,640
UPC Broadband Finco BV, 4.88%, 07/15/31^(b)			1,894		1,637,799
Virgin Media Secured Finance PLC
5.00%, 04/15/27^(c)		GBP	142		163,785
4.50%, 08/15/30^(b)		USD	350		300,934
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28^(c)		GBP	100		104,684
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)		USD	2,360		2,097,450
VZ Secured Financing BV, 3.50%, 01/15/32^(c)		EUR	170		146,675
Warnermedia Holdings, Inc.
6.41%, 03/15/26		USD	445		447,247
5.14%, 03/15/52^(b)			5,496		4,453,043
5.39%, 03/15/62^(b)			2,809		2,270,563
Ziggo Bond Co. BV^(b)
6.00%, 01/15/27			291		268,480


Security	Par (000)			Value

Media (continued)
Ziggo Bond Co. BV^(b) (continued)
5.13%, 02/28/30		USD	868	$	697,920
Ziggo BV, 4.88%, 01/15/30^(b)			1,165		993,163

					169,965,618

Metals & Mining — 3.4%
Arconic Corp.^(b)
6.00%, 05/15/25			1,484		1,484,000
6.13%, 02/15/28			3,194		3,141,961
ATI, Inc.
5.88%, 12/01/27			1,060		1,035,514
4.88%, 10/01/29			550		500,529
5.13%, 10/01/31			1,063		967,330
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)			6,251		6,203,242
Carpenter Technology Corp.
6.38%, 07/15/28			379		369,679
7.63%, 03/15/30			1,152		1,191,565
Commercial Metals Co.
4.13%, 01/15/30			163		143,873
4.38%, 03/15/32			246		211,616
Constellium SE
4.25%, 02/15/26^(c)		EUR	394		414,577
5.88%, 02/15/26^(b)		USD	1,569		1,570,726
5.63%, 06/15/28^(b)			5,503		5,194,975
3.75%, 04/15/29^(b)			1,352		1,171,116
ERO Copper Corp., 6.50%, 02/15/30^(b)			1,008		877,590
Kaiser Aluminum Corp.^(b)
4.63%, 03/01/28			3,034		2,700,325
4.50%, 06/01/31			3,314		2,721,490
New Gold, Inc., 7.50%, 07/15/27^(b)			2,345		2,257,227
Nexans SA, 5.50%, 04/05/28⁽ⁱ⁾		EUR	100		110,519
Novelis Corp.^(b)
3.25%, 11/15/26		USD	1,972		1,802,142
4.75%, 01/30/30			9,921		9,115,365
3.88%, 08/15/31			1,299		1,094,070
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29^(c)		EUR	1,029		970,245
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(b)		USD	659		588,428
Vedanta Resources Finance II PLC, 8.95%, 03/11/25^(b)			577		351,970

					46,190,074

Mortgage Real Estate Investment Trusts (REITs) — 0.0%
Starwood Property Trust, Inc., 5.50%, 11/01/23^(b)			157		157,295


Multi-Utilities — 0.0%
UGI International LLC, 2.50%, 12/01/29^(c)		EUR	100		84,543


Offshore Drilling & Other Services^(b)— 0.9%
Entegris Escrow Corp., 4.75%, 04/15/29		USD	9,272		8,765,773
Entegris, Inc.
4.38%, 04/15/28			747		674,860
3.63%, 05/01/29			3,539		3,054,723

					12,495,356

Oil, Gas & Consumable Fuels — 16.9%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)			4,622		4,535,199
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)
5.75%, 03/01/27			669		653,626


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)(continued)
5.38%, 06/15/29	USD		1,137	$	1,070,077
Antero Resources Corp., 7.63%, 02/01/29^(b)			410		419,225
Apache Corp.
4.25%, 01/15/30			1,070		976,375
5.10%, 09/01/40			808		684,780
5.35%, 07/01/49			604		466,794
Arcosa, Inc., 4.38%, 04/15/29^(b)			1,988		1,768,048
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
9.00%, 11/01/27			4,668		5,670,486
5.88%, 06/30/29			2,122		1,872,665
Buckeye Partners LP 4.13%, 03/01/25^(b)			34		32,161
5.85%, 11/15/43			816		616,153
5.60%, 10/15/44			553		391,603
Callon Petroleum Co. 8.25%, 07/15/25			279		277,047
6.38%, 07/01/26			929		882,550
8.00%, 08/01/28^(b)			5,007		4,960,435
7.50%, 06/15/30^(b)			4,583		4,308,020
Cellnex Finance Co. SA, 1.00%, 09/15/27^(c)	EUR		100		92,493
Cellnex Telecom SA^(c)1.75%, 10/23/30			100		86,494
Series CLNX, 0.75%, 11/20/31			200		171,263
Cheniere Energy Partners LP 4.50%, 10/01/29	USD		4,146		3,851,678
4.00%, 03/01/31			1,225		1,090,177
3.25%, 01/31/32			3,650		3,015,338
Chesapeake Energy Corp., 6.75%, 04/15/29^(b)			2,647		2,627,836
CITGO Petroleum Corp., 7.00%, 06/15/25^(b)			2,745		2,708,217
Civitas Resources, Inc., 5.00%, 10/15/26^(b)			477		448,385
CNX Midstream Partners LP, 4.75%, 04/15/30^(b)			520		447,200
CNX Resources Corp.^(b)6.00%, 01/15/29			312		291,720
7.38%, 01/15/31			928		914,080
Comstock Resources, Inc.^(b)6.75%, 03/01/29			4,854		4,441,604
5.88%, 01/15/30			2,327		1,999,237
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(b)			7,398		6,649,692
Crescent Energy Finance LLC^(b)7.25%, 05/01/26			5,449		5,122,060
9.25%, 02/15/28			1,363		1,306,776
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.^(b)
6.00%, 02/01/29			1,422		1,353,730
8.00%, 04/01/29			265		270,300
7.38%, 02/01/31			921		921,000
CrownRock LP/CrownRock Finance, Inc.^(b)5.63%, 10/15/25			3,664		3,590,935
5.00%, 05/01/29			162		150,921
DCP Midstream Operating LP^(b)6.45%, 11/03/36			920		954,169
6.75%, 09/15/37			2,031		2,203,087
Diamondback Energy, Inc. 6.25%, 03/15/33			2,505		2,647,229
4.25%, 03/15/52			1,437		1,127,434
DT Midstream, Inc.^(b)4.13%, 06/15/29			1,998		1,751,651


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
DT Midstream, Inc.^(b)(continued) 4.38%, 06/15/31	USD		2,333	$	2,032,486
Dycom Industries, Inc., 4.50%, 04/15/29^(b)			654		590,235
Earthstone Energy Holdings LLC, 8.00%, 04/15/27^(b)			1,407		1,365,251
eG Global Finance PLC 3.63%, 02/07/24^(c)	EUR		133		140,820
6.75%, 02/07/25^(b)	USD		1,158		1,071,775
8.50%, 10/30/25^(b)			1,586		1,484,528
El Paso Natural Gas Co. LLC, 3.50%, 02/15/32^(b)			771		662,614
Energy Transfer LP 3.75%, 05/15/30			940		867,442
5.30%, 04/15/47			626		548,554
5.00%, 05/15/50			2,934		2,504,252
Series H, (5 year CMT + 5.69%), 6.50%^(a)(k)			2,326		2,046,880
EnLink Midstream LLC 5.63%, 01/15/28^(b)			2,761		2,705,780
5.38%, 06/01/29			1,089		1,048,163
6.50%, 09/01/30^(b)			1,151		1,163,903
EnLink Midstream Partners LP 4.15%, 06/01/25			43		41,710
4.85%, 07/15/26			297		285,863
5.60%, 04/01/44			1,433		1,169,572
5.45%, 06/01/47			246		196,057
EnQuest PLC, 11.63%, 11/01/27^(b)			200		185,231
EQM Midstream Partners LP 6.00%, 07/01/25^(b)			634		626,766
4.13%, 12/01/26			361		327,839
6.50%, 07/01/27^(b)			1,929		1,869,741
4.50%, 01/15/29^(b)			147		124,950
7.50%, 06/01/30^(b)			1,558		1,509,312
Genesis Energy LP/Genesis Energy Finance Corp. 6.50%, 10/01/25			667		646,088
7.75%, 02/01/28			477		462,484
8.88%, 04/15/30			849		859,613
Gulfport Energy Corp., 8.00%, 05/17/26^(b)			152		150,480
Harbour Energy PLC, 5.50%, 10/15/26^(b)			420		367,500
Harvest Midstream I LP, 7.50%, 09/01/28^(b)			315		314,156
Hess Midstream Operations LP, 4.25%, 02/15/30^(b)			1,313		1,172,640
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)6.25%, 11/01/28			514		487,780
5.75%, 02/01/29			1,271		1,170,013
6.00%, 02/01/31			59		54,324
Infrastrutture Wireless Italiane SpA, 1.63%, 10/21/28^(c)	EUR		100		96,250
ITT Holdings LLC, 6.50%, 08/01/29^(b)	USD		1,889		1,594,920
Kinder Morgan, Inc., 4.80%, 02/01/33			531		512,323
Kinetik Holdings LP, 5.88%, 06/15/30^(b)			2,667		2,566,987
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26^(b)			135		131,267
MasTec, Inc., 4.50%, 08/15/28^(b)			951		879,008
Matador Resources Co., 5.88%, 09/15/26			3,089		3,047,669
MPLX LP, 4.95%, 03/14/52			1,590		1,381,994
Murphy Oil Corp. 5.75%, 08/15/25			129		127,399
5.88%, 12/01/27			228		222,057
6.13%, 12/01/42			141		116,821
Murphy Oil USA, Inc., 4.75%, 09/15/29			928		845,325
Nabors Industries Ltd.^(b)7.25%, 01/15/26			596		568,435


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Nabors Industries Ltd.^(b)(continued) 7.50%, 01/15/28	USD		1,749	$	1,614,156
Nabors Industries, Inc. 5.75%, 02/01/25			4,263		4,129,781
7.38%, 05/15/27^(b)			2,672		2,616,903
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(b)			200		193,852
New Fortress Energy, Inc.^(b)6.75%, 09/15/25			6,389		6,149,412
6.50%, 09/30/26			5,475		5,037,000
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(b)			1,056		1,018,917
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)			1,640		1,807,223
Northern Oil & Gas, Inc., 8.13%, 03/01/28^(b)			6,882		6,826,600
NuStar Logistics LP 6.00%, 06/01/26			1,631		1,598,723
6.38%, 10/01/30			75		71,963
Occidental Petroleum Corp. 6.95%, 07/01/24			171		173,153
5.88%, 09/01/25			444		447,451
8.88%, 07/15/30			4,103		4,772,363
6.63%, 09/01/30			2,449		2,579,213
6.13%, 01/01/31			167		173,263
7.50%, 05/01/31			581		640,785
6.45%, 09/15/36			1,690		1,776,917
6.20%, 03/15/40			4,117		4,139,232
4.63%, 06/15/45			100		80,101
6.60%, 03/15/46			818		860,033
4.40%, 04/15/46			372		294,810
4.20%, 03/15/48			121		93,775
ONEOK, Inc., 4.95%, 07/13/47			625		523,700
Ovintiv, Inc., 6.63%, 08/15/37			503		507,366
Parkland Corp., 5.88%, 07/15/27^(b)			1,223		1,186,420
PDC Energy, Inc. 6.13%, 09/15/24			356		354,220
5.75%, 05/15/26			134		130,442
Permian Resources Operating LLC^(b)7.75%, 02/15/26			1,451		1,454,627
6.88%, 04/01/27			2,102		2,056,430
5.88%, 07/01/29			2,147		2,032,973
Plains All American Pipeline LP/PAA Finance Corp. 3.55%, 12/15/29			890		795,705
5.15%, 06/01/42			1,259		1,060,463
Precision Drilling Corp., 6.88%, 01/15/29^(b)			76		68,970
Range Resources Corp., 4.88%, 05/15/25			464		454,911
Rockcliff Energy II LLC, 5.50%, 10/15/29^(b)			1,060		939,441
Rockies Express Pipeline LLC, 4.95%, 07/15/29^(b)			452		402,663
SM Energy Co. 5.63%, 06/01/25			933		904,633
6.75%, 09/15/26			724		709,998
6.63%, 01/15/27			85		81,656
6.50%, 07/15/28			812		774,859
Southwestern Energy Co. 5.70%, 01/23/25			11		11,005
5.38%, 02/01/29			2,410		2,271,425
Sunoco LP/Sunoco Finance Corp. 6.00%, 04/15/27			339		334,690
5.88%, 03/15/28			808		775,680
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(b)
7.50%, 10/01/25			74		73,967


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(b)(continued)
6.00%, 03/01/27	USD		250	$	236,649
5.50%, 01/15/28			805		736,062
6.00%, 12/31/30			171		152,828
6.00%, 09/01/31			686		606,607
Tap Rock Resources LLC, 7.00%, 10/01/26^(b)			6,991		6,124,522
Targa Resources Corp., 6.25%, 07/01/52			951		937,489
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 01/15/32			923		804,431
Transocean Titan Financing Ltd., 8.38%, 02/01/28^(b)			947		974,529
Transocean, Inc.^(b)7.50%, 01/15/26			1,355		1,230,286
11.50%, 01/30/27			1,179		1,217,671
8.75%, 02/15/30			4,552		4,643,040
Vantage Drilling International, 9.50%, 02/15/28^(b)			2,353		2,306,434
Venture Global Calcasieu Pass LLC^(b)3.88%, 08/15/29			4,750		4,284,500
4.13%, 08/15/31			402		353,189
3.88%, 11/01/33			10,112		8,494,080
Vermilion Energy, Inc., 6.88%, 05/01/30^(b)			807		734,928
Western Midstream Operating LP 6.15%, 04/01/33			350		354,746
5.45%, 04/01/44			1,561		1,361,223
5.30%, 03/01/48			1,851		1,568,371
5.50%, 08/15/48			703		605,403
5.50%, 02/01/50			4,186		3,551,821

					228,445,886

Passenger Airlines — 2.3%
Air Canada, 3.88%, 08/15/26^(b)			1,881		1,707,951
Air France-KLM, 8.13%, 05/31/28^(c)	EUR		100		109,100
Allegiant Travel Co., 7.25%, 08/15/27^(b)	USD		553		550,511
American Airlines, Inc.^(b)11.75%, 07/15/25			7,195		7,871,618
7.25%, 02/15/28			345		335,512
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b)
5.50%, 04/20/26			405		398,324
5.75%, 04/20/29			4,667		4,476,903
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, 10/20/28^(b)			949		915,359
Deutsche Lufthansa AG, 3.50%, 07/14/29^(c)	EUR		300		284,516
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)	USD		1,377		1,307,262
International Consolidated Airlines Group SA^(c) 1.50%, 07/04/27	EUR		100		89,130
Series IAG, 1.13%, 05/18/28			200		172,501
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)	USD		3,386		3,375,072
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(b)			1,166		1,172,640
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 04/15/29			2,542		2,534,349
Series 2020-1, Class B, 4.88%, 07/15/27			203		195,843


Security		Par (000)		Value

Passenger Airlines (continued)
United Airlines, Inc.^(b)4.38%, 04/15/26	USD		2,546	$	2,435,792
4.63%, 04/15/29			3,730		3,373,790

					31,306,173

Personal Care Products — 0.0%
Coty, Inc., 3.88%, 04/15/26^(c)	EUR		106		110,359
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 4.75%, 01/15/29^(b)	USD		83		77,500

					187,859

Pharmaceuticals — 1.3%
Bayer AG, (5 year EUR Swap + 3.75%), 4.50%, 03/25/82^(a)(c)	EUR		300		300,923
Cheplapharm Arzneimittel GmbH, 5.50%, 01/15/28^(b)	USD		1,243		1,106,556
Gruenenthal GmbH^(c)3.63%, 11/15/26	EUR		100		102,214
4.13%, 05/15/28			117		114,832
Jazz Securities DAC, 4.38%, 01/15/29^(b)	USD		1,794		1,650,480
Option Care Health, Inc., 4.38%, 10/31/29^(b)			1,054		930,776
Organon & Co./Organon Foreign Debt Co.-Issuer BV^(b)
4.13%, 04/30/28			2,405		2,198,435
5.13%, 04/30/31			3,807		3,379,255
PRA Health Sciences, Inc., 2.88%, 07/15/26^(b)			2,163		1,995,173
Prestige Brands, Inc., 3.75%, 04/01/31^(b)			834		706,890
Rossini SARL, 6.75%, 10/30/25^(c)	EUR		101		109,904
Teva Pharmaceutical Finance Netherlands II BV 3.75%, 05/09/27			100		97,863
7.38%, 09/15/29			192		210,235
7.88%, 09/15/31			100		111,344
Teva Pharmaceutical Finance Netherlands III BV 3.15%, 10/01/26	USD		1,845		1,659,347
4.75%, 05/09/27			513		477,090
6.75%, 03/01/28			531		527,349
7.88%, 09/15/29			1,356		1,413,630
8.13%, 09/15/31			512		535,936

					17,628,232

Real Estate — 0.2%
VICI Properties LP, 5.63%, 05/15/52			2,051		1,846,864
VICI Properties LP/VICI Note Co., Inc., 4.50%, 01/15/28^(b)			323		299,113

					2,145,977

Real Estate Management & Development — 0.5%
Agps Bondco PLC^(c)(f)(j)3.25%, 08/05/25	EUR		200		86,001
2.75%, 11/13/26			200		83,853
Aroundtown SA, (5 year GBP Swap + 4.38%), 4.75%^(a)(c)(k)	GBP		215		92,627
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/28^(b)	USD		1,451		1,299,044
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24^(c)	EUR		100		75,915
Heimstaden Bostad AB, (5 year EUR Swap + 3.15%), 2.63%^(a)(c)(k)			375		203,344
Howard Hughes Corp., 4.38%, 02/01/31^(b)	USD		2,697		2,171,085


Security		Par (000)		Value

Real Estate Management & Development (continued)
Realogy Group LLC/Realogy Co.-Issuer Corp.^(b)
5.75%, 01/15/29	USD		1,495	$	1,118,948
5.25%, 04/15/30			714		520,420
Starwood Property Trust, Inc., 4.38%, 01/15/27^(b)			406		335,543

					5,986,780

Semiconductors & Semiconductor Equipment — 1.3%
ams-OSRAM AG, Series AMS, 0.00%, 03/05/25^(c)(l)	EUR		200		173,023
Broadcom, Inc.
4.30%, 11/15/32	USD		3,570		3,289,190
3.42%, 04/15/33^(b)			2,373		1,985,512
3.14%, 11/15/35^(b)			1,244		956,710
Marvell Technology, Inc., 2.95%, 04/15/31			601		501,865
Sensata Technologies B.V.^(b)
5.63%, 11/01/24			1,400		1,395,834
5.00%, 10/01/25			2,021		2,006,196
5.88%, 09/01/30			2,109		2,090,546
Sensata Technologies, Inc.^(b)
4.38%, 02/15/30			3,077		2,803,636
3.75%, 02/15/31			146		127,750
Synaptics, Inc., 4.00%, 06/15/29^(b)			2,127		1,831,636

					17,161,898

Software — 4.4%
ACI Worldwide, Inc., 5.75%, 08/15/26^(b)			1,133		1,121,670
Alteryx, Inc., 8.75%, 03/15/28			1,225		1,232,926
Black Knight InfoServ LLC, 3.63%, 09/01/28^(b)			1,997		1,814,774
Boxer Parent Co., Inc.
6.50%, 10/02/25^(c)	EUR		173		185,408
7.13%, 10/02/25^(b)	USD		3,099		3,084,228
9.13%, 03/01/26^(b)			4,443		4,308,467
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29^(b)			5,945		5,843,214
Cloud Software Group Holdings, Inc., 6.50%, 03/31/29^(b)			15,221		13,464,557
Crowdstrike Holdings, Inc., 3.00%, 02/15/29			230		200,727
Elastic NV, 4.13%, 07/15/29^(b)			3,665		3,128,994
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28^(b)			400		324,987
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(b)			1,861		1,598,099
MicroStrategy, Inc., 6.13%, 06/15/28^(b)			2,441		2,166,388
MSCI, Inc.^(b)
3.63%, 09/01/30			996		865,833
3.88%, 02/15/31			821		730,772
Open Text Corp., 6.90%, 12/01/27^(b)			4,576		4,720,602
Oracle Corp.
2.88%, 03/25/31			1,467		1,255,315
6.25%, 11/09/32			711		764,717
3.60%, 04/01/50			1,824		1,293,753
3.95%, 03/25/51			2,908		2,188,204
6.90%, 11/09/52			2,608		2,923,219
PTC, Inc., 4.00%, 02/15/28^(b)			79		73,823
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)			6,271		6,084,742
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)			165		124,205

					59,499,624


Security	Par (000)			Value

Specialized REITs — 0.2%
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28^(b)		USD	2,647	$	2,567,590


Specialty Retail — 0.5%
Arko Corp., 5.13%, 11/15/29^(b)			981		811,963
Goldstory SASU, 5.38%, 03/01/26^(c)		EUR	100		99,611
PetSmart, Inc./PetSmart Finance Corp.^(b)
4.75%, 02/15/28		USD	443		415,866
7.75%, 02/15/29			3,269		3,208,883
Staples, Inc., 7.50%, 04/15/26^(b)			1,942		1,701,445

					6,237,768

Technology Hardware, Storage & Peripherals — 0.1%
Coherent Corp., 5.00%, 12/15/29^(b)			1,682		1,526,751


Textiles, Apparel & Luxury Goods — 0.3%
Crocs, Inc.^(b)
4.25%, 03/15/29			369		323,659
4.13%, 08/15/31			793		653,355
European TopSoho SARL, Series SMCP, 4.00%, 09/21/21^(c)(f)(j)		EUR	200		187,862
Hanesbrands, Inc., 9.00%, 02/15/31^(b)		USD	1,541		1,577,599
Kontoor Brands, Inc., 4.13%, 11/15/29^(b)			525		450,546
Levi Strauss & Co., 3.50%, 03/01/31^(b)			914		779,185
William Carter Co., 5.63%, 03/15/27^(b)			543		527,774

					4,499,980

Transportation Infrastructure^(c)— 0.0%
Azzurra Aeroporti SpA, 2.13%, 05/30/24		EUR	188		198,142
Gatwick Airport Finance PLC, 4.38%, 04/07/26		GBP	100		113,337
Heathrow Finance PLC, 4.38%, 09/01/29^(m)			115		117,747
Promontoria Holding 264 BV, 6.38%, 03/01/27		EUR	100		104,048

					533,274

Utilities^(b)— 0.2%
Consensus Cloud Solutions, Inc.
6.00%, 10/15/26		USD	386		335,343
6.50%, 10/15/28			475		393,917
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28			1,515		1,385,988
Vistra Operations Co. LLC
5.50%, 09/01/26			91		88,344
5.00%, 07/31/27			91		86,041
4.38%, 05/01/29			868		768,540

					3,058,173

Wireless Telecommunication Services — 1.7%
Altice France SA/France
2.13%, 02/15/25^(c)		EUR	100		100,056
5.88%, 02/01/27^(c)			100		95,640
8.13%, 02/01/27^(b)		USD	2,712		2,510,498
5.13%, 01/15/29^(b)			2,175		1,657,415
5.13%, 07/15/29^(b)			569		428,173
5.50%, 10/15/29^(b)			2,684		2,052,336
Liberty Costa Rica Senior Secured Finance, 10.88%, 01/15/31^(b)			643		603,938
SBA Communications Corp.
3.13%, 02/01/29			3,693		3,212,688
3.88%, 02/15/27			5,258		4,963,728
VICI Properties LP/VICI Note Co., Inc.^(b)
5.63%, 05/01/24			300		297,377
3.50%, 02/15/25			401		380,033
4.63%, 06/15/25			257		248,471
4.25%, 12/01/26			425		396,532


Security	Par (000)			Value

Wireless Telecommunication Services (continued)
VICI Properties LP/VICI Note Co., Inc.^(b)(continued)
4.63%, 12/01/29		USD	3,379	$	3,075,953
4.13%, 08/15/30			1,219		1,076,726
Vmed O2 U.K. Financing I PLC
4.00%, 01/31/29^(c)		GBP	200		203,544
4.50%, 07/15/31^(c)			201		197,123
4.75%, 07/15/31^(b)		USD	1,592		1,364,694
Vodafone Group PLC, (5 year EUR Swap + 3.48%), 3.00%, 08/27/80^(a)(c)		EUR	100		87,497

					22,952,422


Total Corporate Bonds — 121.8% (Cost: $1,727,083,763)					1,642,042,587


Floating Rate Loan Interests^(a)

Aerospace & Defense — 0.4%
Peraton Corp.
2nd Lien Term Loan B1, (3 mo. LIBOR US at 0.75% Floor + 7.75%), 12.65%, 02/01/29		USD	2,790		2,706,390
Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 02/01/28			2,895		2,852,891

					5,559,281

Air Freight & Logistics — 0.3%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.45%, 04/06/28			605		582,612
PECF USS Intermediate Holding III Corp., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 12/15/28			3,556		2,981,139

					3,563,751

Banks — 0.3%
DirecTV Financing LLC, Term Loan, (1 mo. LIBOR US at 0.75% Floor + 5.00%), 9.84%, 08/02/27			4,242		4,073,860


Beverages — 0.0%
Naked Juice LLC, 2nd Lien Term Loan, (3 mo. SOFRTE at 0.50% Floor + 6.00%), 11.00%, 01/24/30			156		116,349


Capital Markets — 0.2%
Ascensus Holdings, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 6.50%), 11.31%, 08/02/29			994		888,034
Deerfield Dakota Holding LLC, 2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 6.75%), 11.91%, 04/07/28			1,206		1,104,491

					1,992,525

Chemicals — 0.4%
Arc Falcon I, Inc.
2021 Delayed Draw Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/02/28			130		116,819
2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 09/30/28			878		790,208
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.75%), 9.71%, 08/27/26			952		934,766


Security		Par (000)		Value

Chemicals (continued)
Discovery Purchaser Corp., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.375%), 9.25%, 10/04/29	USD		2,508	$	2,370,844
Momentive Performance Materials, Inc., 2023 Term Loan, 03/31/28^(g)(n)			1,175		1,148,562
W.R. Grace Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.94%, 09/22/28			482		477,493

					5,838,692

Commercial Services & Supplies — 0.4%
Propulsion BC Newco. LLC, Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.00%), 8.90%, 09/14/29			149		146,581
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR US + 4.00%), 8.84%, 08/27/25			5,455		5,442,249

					5,588,830

Construction & Engineering — 0.9%
Arc Falcon I, Inc., 2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 7.00%), 11.84%, 09/30/29^(g)			2,814		2,377,830
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.25%), 6.67%, 06/21/24			11,157		10,378,151

					12,755,981

Containers & Packaging — 0.1%
Mauser Packaging Solutions Holding Co., Term Loan B, (3 mo. SOFR CME + 4.00%), 8.78%, 08/14/26			731		723,953


Diversified Consumer Services — 0.1%
Amentum Government Services Holdings LLC, Term Loan B, (3 mo. LIBOR US + 4.00%), 8.84%, 01/29/27^(g)			359		351,675
Ascend Learning LLC, 2021 2nd Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.75%), 10.66%, 12/10/29			657		563,923
TruGreen LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.50%), 13.33%, 11/02/28^(g)			868		564,200

					1,479,798

Diversified Telecommunication Services — 0.2%
Frontier Communications Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.63%, 05/01/28			700		663,151
Intelsat Jackson Holdings SA, 2021 Exit Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 4.25%), 9.08%, 02/01/29			1,963		1,937,888

					2,601,039

Electrical Equipment — 0.1%
Gates Global LLC, 2021 Term Loan B3, (1 mo. SOFR CME at 0.75% Floor + 2.50%), 7.41%, 03/31/27			1,222		1,212,931


Entertainment — 0.0%
Delta 2 Lux SARL, Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 01/15/30.			138		138,058


Security		Par (000)		Value

Financial Services — 0.4%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.00%), 9.05%, 02/16/28	USD		543	$	522,886
Delta TopCo, Inc., 2020 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.66%, 12/01/27			1,288		1,190,531
EP Purchaser LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 11/06/28			366		363,682
Gainwell Acquisition Corp., Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 9.00%, 10/01/27			1,775		1,690,711
Radiate Holdco LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 09/25/26			312		254,208
White Cap Buyer LLC, Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 10/19/27			1,256		1,240,352

					5,262,370

Food Products — 0.0%
Chobani LLC, 2020 Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.50%), 8.42%, 10/25/27^(g)			270		267,612


Gas Utilities — 0.1%
Freeport LNG Investments LLLP, Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.31%, 12/21/28			1,343		1,297,408


Health Care Equipment & Supplies — 0.0%
Bausch and Lomb, Inc., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.46%, 05/10/27.			83		80,167


Health Care Providers & Services — 0.3%
Envision Healthcare Corp., 2022 First Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 7.875%), 12.92%, 03/31/27			374		310,254
EyeCare Partners LLC, 2020 Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 02/18/27			733		594,645
LifePoint Health, Inc., 2018 Term Loan B, (3 mo. LIBOR US + 3.75%), 8.58%, 11/16/25			442		420,102
Quorum Health Corp., 2020 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 8.25%), 12.98%, 04/29/25			1,353		811,969
Surgery Center Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.46%, 08/31/26			807		800,936
WCG Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.00%), 8.95%, 01/08/27			1,222		1,152,776

					4,090,682

Health Care Technology — 1.3%
AthenaHealth Group, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.26%, 02/15/29			7,465		6,979,801


Security		Par (000)		Value

Health Care Technology (continued)
Polaris Newco LLC, USD Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.00%), 9.16%, 06/02/28	USD		1,354	$	1,231,709
Verscend Holding Corp., 2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 7.00%), 11.84%, 04/02/29^(g)			9,376		9,376,345

					17,587,855

Hotels, Restaurants & Leisure — 0.2%
Fertitta Entertainment LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.81%, 01/27/29			1,838		1,806,741
IRB Holding Corp., 2022 Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.00%), 7.91%, 12/15/27			839		825,585

					2,632,326

Household Durables — 0.2%
Hunter Douglas, Inc., USD Term Loan B1, (3 mo. SOFR CME + 3.50%), 8.37%, 02/26/29			1,127		1,008,409
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.75%, 10/06/28			2,068		1,733,759

					2,742,168

Industrial Conglomerates — 0.0%
AVSC Holding Corp., 2018 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 7.25%), 12.06%, 09/01/25			639		566,277


Insurance — 0.2%
Alliant Holdings Intermediate LLC, 2023 Term Loan B5, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.35%, 11/05/27			976		963,014
Hub International Ltd., 2022 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 8.73%, 11/10/29			692		689,849
Ryan Specialty Group LLC, Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.00%), 7.91%, 09/01/27			539		536,834

					2,189,697

Interactive Media & Services — 0.0%
Grab Holdings, Inc., Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.35%, 01/29/26			150		149,241


IT Services — 0.4%
Aruba Investments Holdings LLC, 2020 2nd Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 7.75%), 12.59%, 11/24/28			443		396,575
Boxer Parent Co., Inc., 2021 USD Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/02/25			1,283		1,264,815
CoreLogic, Inc., 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 6.50%), 11.38%, 06/04/29			1,107		814,507
Optiv Security, Inc., 1st Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 3.25%), 8.09%, 02/01/24			1,209		1,185,338


Security		Par (000)			Value

IT Services (continued)
PUG LLC, USD Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27	USD		1,078		$	776,651
TierPoint LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 05/05/26			340			324,013

						4,761,899

Leisure Products — 0.0%
Peloton Interactive, Inc., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 6.50%), 11.76%, 05/25/27			508			505,197


Life Sciences Tools & Services — 0.0%
PRA Health Sciences, Inc., US Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.25%), 7.41%, 07/03/28			—	^(o)		2


Machinery — 0.9%
MHI Holdings LLC, Term Loan B, (1 mo. LIBOR US + 5.00%), 9.84%, 09/21/26			1,549			1,498,356
Roper Industrial Products Investment Co., USD Term Loan, (3 mo. SOFR CME + 4.50%), 9.40%, 11/22/29			1,551			1,537,150
SPX Flow, Inc., 2022 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.41%, 04/05/29.			1,277			1,215,189
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 8.15%, 03/28/25			8,643			8,171,539

						12,422,234

Media — 0.7%
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR US + 3.50%), 8.33%, 08/21/26.			6,794			6,312,765
MH Sub I LLC, 2021 2nd Lien Term Loan, (1 mo. SOFR CME + 6.25%), 11.06%, 02/23/29			288			263,039
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 03/09/27			3,447			2,791,178

						9,366,982

Oil, Gas & Consumable Fuels — 0.9%
Ascent Resources Utica Holdings LLC, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 9.00%), 13.82%, 11/01/25			11,117			11,774,511
Lealand Finance Co. BV, 2020 Make Whole Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 06/28/24			90			61,019
M6 ETX Holdings II Midco LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.36%, 09/19/29			426			421,283

						12,256,813

Passenger Airlines — 0.6%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.56%, 04/20/28			2,903			2,943,347
Air Canada, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.37%, 08/11/28			784			780,541
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 5.25%), 10.21%, 06/21/27			361			373,990


Security		Par (000)		Value

Passenger Airlines (continued)
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 3.75%), 8.56%, 10/20/27	USD		1,565	$	1,620,208
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.57%, 04/21/28			2,295		2,275,081

					7,993,167

Pharmaceuticals — 0.0%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, 05/04/25⁽ⁿ⁾			398		377,541


Professional Services — 0.0%
Galaxy U.S. Opco, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.75%), 9.56%, 04/29/29			482		424,994


Real Estate Management & Development — 0.1%
Chariot Buyer LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/03/28			1,049		1,006,508


Software — 3.3%
Boxer Parent Co., Inc., 2021 USD 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.50%), 10.34%, 02/27/26			2,250		2,158,605
Central Parent, Inc., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.15%, 07/06/29			624		621,675
Cloudera, Inc.
2021 Second Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 6.00%), 10.91%, 10/08/29			1,896		1,671,188
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 10/08/28^(g)			998		950,852
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR US + 3.25%), 8.08%, 05/28/24			1,921		1,725,947
Epicor Software Corp., 2020 2nd Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 7.75%), 12.59%, 07/31/28			506		499,149
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. SOFR CME + 3.75%), 8.66%, 03/11/28			303		294,626
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.58%, 07/27/28			3,485		2,861,487
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.25%), 13.08%, 07/27/29			2,293		1,696,820
McAfee Corp., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.52%, 03/01/29			2,733		2,562,244
Planview Parent, Inc., 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 7.25%), 12.41%, 12/18/28			850		749,419
Proofpoint, Inc., 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 6.25%), 11.09%, 08/31/29			2,070		1,947,847
RealPage, Inc., 2nd Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 6.50%), 11.34%, 04/23/29			7,231		6,806,503
Renaissance Holding Corp., 2023 Refi Term Loan, (1 mo. LIBOR US + 3.25%), 8.09%, 04/05/30			1,754		1,703,108


Security		Par (000)		Value

Software (continued)
Sabre Global, Inc.
2021 Term Loan B1, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 12/17/27	USD		244	$	205,760
2021 Term Loan B2, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 12/17/27			391		329,501
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. SOFR CME + 3.00%), 7.68%, 08/01/25			2,148		2,143,888
Sophia LP
2020 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 8.00%), 13.16%, 10/09/28			10,251		10,161,304
2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 10/07/27			1,114		1,099,142
TIBCO Software, Inc., 2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 03/30/29			2,974		2,696,437
UKG, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.03%, 05/03/27			2,177		2,079,890

					44,965,392

Textiles, Apparel & Luxury Goods — 0.1%
Crocs, Inc., Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.41%, 02/20/29			674		670,807
Hanesbrands, Inc., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.56%, 03/08/30^(g)			564		561,180

					1,231,987

Trading Companies & Distributors — 0.1%
SRS Distribution, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME + 3.25%), 8.16%, 06/02/28			1,276		1,219,880


Transportation — 0.1%
Brown Group Holding LLC, 2022 Incremental Term Loan B2, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.46%, 07/02/29			656		654,649


Transportation Infrastructure — 0.0%
KKR Apple Bidco LLC, 2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.75%), 10.59%, 09/21/29			144		140,724


Total Floating Rate Loan Interests — 13.3% (Cost: $188,017,817)					179,838,820


Preferred Securities

Capital Trusts — 1.1%^(a)

Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(k)			655		563,726


Banks^(k)— 0.2%
AIB Group PLC, 5.25%^(c)	EUR		210		204,401
PNC Financial Services Group, Inc.
Series V, 6.20%	USD		1,417		1,333,185
Series W, 6.25%			1,572		1,461,960

					2,999,546

Consumer Staples Distribution & Retail — 0.0%
Casino Guichard Perrachon SA, 3.99%^(c)(k)	EUR		100		7,015


Security	Par (000)				Value

Diversified Telecommunication Services — 0.1%
British Telecommunications PLC, 4.88%, 11/23/81^(b)		USD		200	$	157,541
Telefonica Europe BV^(c)(k)7.13%		EUR		200		220,425
6.14%				300		314,107

						692,073

Electric Utilities — 0.1%
Edison International, Series B, 5.00%^(k)		USD		940		778,786
EDP - Energias de Portugal SA, 5.94%, 04/23/83^(c)		EUR		100		106,281
Naturgy Finance BV, 2.37%^(c)(k)				200		188,195

						1,073,262

Financial Services^(k)— 0.3%
Barclays PLC 4.38%		USD		2,490		1,702,195
8.00%				980		836,675
BNP Paribas SA, 6.88%^(c)		EUR		200		200,646
Lloyds Banking Group PLC, 8.00%		USD		1,320		1,216,050
Societe Generale SA, 7.88%^(c)		EUR		100		98,558

						4,054,124

Health Care Providers & Services — 0.0%
Korian SA, 4.13%^(c)(k)		GBP		200		192,441


Independent Power and Renewable Electricity Producers^(b)(k)— 0.3%
NRG Energy, Inc., 10.25%		USD		2,427		2,319,265
Vistra Corp., 7.00%				1,272		1,119,360

						3,438,625

Media — 0.0%
SES SA, 2.88%^(c)(k)		EUR		134		117,712


Oil, Gas & Consumable Fuels^(c)(k)— 0.0%
Abertis Infraestructuras Finance BV, 3.25%				200		192,824
Repsol International Finance BV, 4.25%				124		120,482

						313,306

Transportation Infrastructure — 0.0%
Poste Italiane SpA, 2.63%^(c)(k)				200		165,628


Utilities^(c)(k)— 0.0%
Electricite de France SA 3.00%				200		177,151
3.38%				200		161,373

						338,524

Wireless Telecommunication Services — 0.0%
Vodafone Group PLC, 2.63%, 08/27/80^(c)				400		389,357

						14,345,339


			Shares

Preferred Stocks — 0.9%

Commercial Services & Supplies — 0.1%
Verscend Intermediate Holding^(g)				790		1,005,285


Financial Services — 0.1%
Alliant Holdings, Inc.^(g)				1,431		1,335,825


IT Services — 0.7%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $6,755,577)^(d)(g)				61,653		9,751,339


Security	Shares		Value

Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $674,329)^(d)		688,714	$	14,738
Ligado Networks LLC, 01/14/22^(p)		32,168		160,842

				175,580

				12,268,029


Total Preferred Securities — 2.0% (Cost: $31,105,539)				26,613,368


Total Long-Term Investments — 137.6% (Cost: $1,979,623,221)				1,855,767,702


Short-Term Securities

Money Market Funds — 0.0%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%^(q)(r)		246,790		246,790


Total Short-Term Securities — 0.0% (Cost: $246,790)				246,790


Options Purchased — 0.0% (Cost: $869,621)				324,917


Total Investments Before Options Written — 137.6% (Cost: $1,980,739,632)				1,856,339,409


Options Written — (0.0)% (Premiums Received: $(389,270))				(67,726	)


Total Investments, Net of Options Written — 137.6% (Cost: $1,980,350,362)				1,856,271,683

Liabilities in Excess of Other Assets — (37.6)%				(507,664,534	)


Net Assets — 100.0%			$	1,348,607,149

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

^(d)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $10,418,287, representing 0.8% of its net assets as of period end, and an original cost of $9,029,259.

^(e)	All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

^(f)	Non-income producing security.

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

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

⁽ⁱ⁾	When-issued security.

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

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

^(l)	Zero-coupon bond.

^(m)	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.

⁽ⁿ⁾	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.

^(o)	Rounds to less than 1,000.

^(p)	All or a portion of the security is held by a wholly-owned subsidiary.

^(q)	Affiliate of the Trust.

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

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

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 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 Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

Certain investments of the Trust 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 Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, bank borrowings payable of $530,000,000 are categorized as Level 2 within the fair value hierarchy.

A reconciliation of Level 3 financial instruments is presented when the Trust 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 following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Valuation Committee (the “Valuation Committee”) to determine the value of certain of the Trust’s Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third-party pricing information in the amount of $15,620,492. 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 12/31/22		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/23		Shares Held at 03/31/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	723,084	$	—	$	(476,294	)^(a)	$	—	$	—	$	246,790		246,790	$	11,947	$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts
S&P 500 E-Mini Index		107		06/16/23	$	22,137	$	(1,299,975	)
10-Year U.S. Treasury Note		52		06/21/23		5,983		(168,469	)
U.S. Long Bond		24		06/21/23		3,152		(84,574	)
Ultra U.S. Treasury Bond		136		06/21/23		19,265		(966,067	)
5-Year U.S. Treasury Note		11		06/30/23		1,206		(26,135	)

							$	(2,545,220	)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
EUR	827,000	USD	892,850	Toronto-Dominion Bank		06/21/23	$	7,970
USD	109,001	EUR	100,000	Bank of America N.A.		06/21/23		75
USD	355,413	EUR	326,000	Bank of America N.A.		06/21/23		314
USD	212,769	EUR	194,000	Morgan Stanley & Co. International PLC		06/21/23		1,452

								9,811

EUR	100,000	USD	108,527	Bank of America N.A.		04/05/23		(71	)
USD	1,852,243	EUR	1,710,188	Goldman Sachs International		06/21/23		(10,601	)
USD	72,459	EUR	67,451	JPMorgan Chase Bank N.A.		06/21/23		(1,013	)
USD	1,301,340	EUR	1,195,000	State Street Bank and Trust Co.		06/21/23		(329	)
USD	389,622	EUR	357,839	Toronto-Dominion Bank		06/21/23		(159	)
USD	8,498,527	EUR	7,866,683	Toronto-Dominion Bank		06/21/23		(70,358	)
USD	2,476,974	EUR	2,292,817	UBS AG		06/21/23		(20,507	)
USD	10,948,303	EUR	10,150,000	UBS AG		06/21/23		(107,716	)
USD	4,338,276	GBP	3,612,000	BNP Paribas SA		06/21/23		(124,301	)
USD	168,883	GBP	137,000	Commonwealth Bank of Australia		06/21/23		(379	)

								(335,434	)

							$	(325,623	)


Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Put
Invesco QQQ Trust, Series 1		239		04/14/23	USD	292.00	USD	7,670	$	8,604
Deutsche Bank AG		111		04/21/23	EUR	8.40	EUR	104		2,046
Euro Stoxx 50		7		04/21/23	EUR	3,800.00	EUR	302		361
iShares Russell 2000 ETF		363		04/21/23	USD	185.00	USD	6,476		266,624
SPDR S&P 500 ETF Trust		761		04/21/23	USD	376.00	USD	31,155		46,421
Euro Stoxx 50		4		05/19/23	EUR	3,800.00	EUR	173		861

									$	324,917


Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Put
Invesco QQQ Trust, Series 1		239		04/14/23	USD	270.00	USD	7,670	$	(2,031	)
Deutsche Bank AG		111		04/21/23	EUR	6.50	EUR	104		(482	)
iShares Russell 2000 ETF		363		04/21/23	USD	170.00	USD	6,476		(44,286	)
SPDR S&P 500 ETF Trust		761		04/21/23	USD	360.00	USD	31,155		(20,927	)

									$	(67,726	)


C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S		2


Reference Obligation/Index	Financing Rate Received by the Trust		Payment Frequency	Counterparty	Termination Date	Credit Rating^(a)	Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Casino, Guichard-Perrachon S.A	5.00	%	Quarterly	Goldman Sachs International	06/20/23	N/R	EUR	78	$	(8,546	)	$	(1,844	)	$	(6,702	)
Casino, Guichard-Perrachon S.A	5.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/23	CCC+	EUR	80		(8,765	)		(1,531	)		(7,234	)
Casino, Guichard-Perrachon S.A	5.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/23	CCC+	EUR	52		(5,697	)		(1,028	)		(4,669	)
Novafives S.A.S	5.00		Quarterly	Citibank N.A.	06/20/23	B-	EUR	60		(255	)		(946	)		691
Novafives S.A.S	5.00		Quarterly	Goldman Sachs International	06/20/23	B-	EUR	26		(108	)		(394	)		286
Novafives S.A.S	5.00		Quarterly	Goldman Sachs International	06/20/23	B-	EUR	15		(62	)		(241	)		179
Casino, Guichard-Perrachon S.A	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/23	CCC+	EUR	17		(5,930	)		(2,601	)		(3,329	)
CenturyLink, Inc.	1.00		Quarterly	Barclays Bank PLC	12/20/23	N/R	USD	218		(5,230	)		(2,533	)		(2,697	)
Virgin Media Finance PLC	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/25	B	EUR	70		4,458			5,447			(989	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Bank of America N.A.	12/20/26	B+	EUR	37		(2,504	)		(1,220	)		(1,284	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Barclays Bank PLC	12/20/26	B+	EUR	41		(2,748	)		1,348			(4,096	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Credit Suisse International	12/20/26	B+	EUR	39		(2,672	)		1,385			(4,057	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Credit Suisse International	12/20/26	B+	EUR	55		(3,722	)		1,796			(5,518	)
K&S AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/26	BB+	EUR	90		9,994			6,112			3,882
CMA CGM SA	5.00		Quarterly	Credit Suisse International	06/20/27	N/R	EUR	125		13,480			4,909			8,571
Ladbrokes Coral Group Ltd	1.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/27	BB	EUR	50		(2,463	)		(4,761	)		2,298
Ladbrokes Coral Group Ltd	1.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/27	BB	EUR	180		(8,867	)		(27,343	)		18,476
Adler Real Estate AG	5.00		Quarterly	Bank of America N.A.	12/20/27	CCC-	EUR	35		(11,162	)		(7,874	)		(3,288	)
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	CCC-	EUR	21		(6,710	)		(4,662	)		(2,048	)
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	CCC-	EUR	59		(18,859	)		(13,103	)		(5,756	)
Adler Real Estate AG	5.00		Quarterly	Citibank N.A.	12/20/27	CCC-	EUR	17		(5,472	)		(3,905	)		(1,567	)
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/27	CCC-	EUR	36		(11,452	)		(8,109	)		(3,343	)


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	1,747,946	$	—	$	1,747,946


	Common Stocks		Floating Rate Loan Interests			Preferred Stocks			Total
Assets
Opening balance, as of December 31, 2022	$	22,236	$	12,296,415		$	12,439,882		$	24,758,533
Transfers into Level 3		—		2,595,310			—			2,595,310
Transfers out of Level 3		—		—			—			—
Accrued discounts/premiums		—		6,300			—			6,300
Net realized gain (loss)		—		(33,198	)		—			(33,198	)
Net change in unrealized appreciation (depreciation)^(a)		—		115,679			(347,433	)		(231,754	)


Currency Abbreviation

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviation

CDI		CREST Depository Interest

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

S&P		Standard & Poor’s

SOFR		Secured Overnight Financing Rate

SOFR CME		Secured Overnight Financing Rate Chicago Mercantile Exchange

SOFRTE		Term Secured Overnight Financing Rate

SPDR		Standard & Poor’s Depository Receipt