BlackRock Limited Duration Income Trust


Security		Par (000)		Value

Asset-Backed Securities
AIMCO CLO, Series 2017-AA, Class CR, (3 mo. LIBOR US + 2.10%), 6.91%, 04/20/34^(a)(b)	USD		1,000	$	945,057
Allegro CLO II-S Ltd., Series 2014-1RA, Class C, (3 mo. LIBOR US + 3.00%), 7.82%, 10/21/28^(a)(b)			1,000		933,122
ALM Ltd., Series 2020-1A, Class D, (3 mo. LIBOR US + 6.00%), 10.79%, 10/15/29^(a)(b)			285		251,622
Anchorage Capital CLO 3-R Ltd., Series 2014-3RA, Class E, (3 mo. LIBOR US + 5.50%), 10.30%, 01/28/31^(a)(b)			850		673,806
Anchorage Capital CLO 4-R Ltd., Series 2014-4RA, Class D, (3 mo. LIBOR US + 2.60%), 7.40%, 01/28/31^(a)(b)			250		217,028
Anchorage Capital CLO 7 Ltd., Series 2015-7A, Class D1R2, (3 mo. LIBOR US + 3.50%), 8.30%, 01/28/31^(a)(b)			1,000		883,907
Apidos CLO XXVI, Series 2017-26A, Class A1AR, (3 mo. LIBOR US + 0.90%), 5.69%, 07/18/29^(a)(b)			450		445,334
Argent Securities Trust, Series 2006-W5, Class A1A, (1 mo. LIBOR US + 0.30%), 5.15%, 06/25/36^(a)			4,196		2,739,037
Bain Capital Credit CLO Ltd.^(a)(b)
Series 2020-2A, Class DR, (3 mo. LIBOR US + 3.30%), 8.10%, 07/19/34			300		259,507
Series 2021-3A, Class D, (3 mo. LIBOR US + 3.10%), 7.92%, 07/24/34			250		214,073
Barings CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 3.60%), 8.39%, 07/18/29^(a)(b)			250		240,487
Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class A1R2, (3 mo. LIBOR US + 0.87%), 5.66%, 07/15/29^(a)(b)			213		211,468
Benefit Street Partners CLO XX Ltd., Series 2020- 20A, Class CR, (3 mo. LIBOR US + 2.05%), 6.84%, 07/15/34^(a)(b)			250		240,145
BlueMountain CLO XXVIII Ltd., Series 2021-28A, Class D, (3 mo. LIBOR US + 2.90%), 7.69%, 04/15/34^(a)(b)			500		438,207
Carlyle U.S. CLO Ltd., Series 2018-1A, Class A1, (3 mo. LIBOR US + 1.02%), 5.83%, 04/20/31^(a)(b)			250		247,203
CarVal CLO II Ltd., Series 2019-1A, Class CR, (3 mo. LIBOR US + 2.00%), 6.81%, 04/20/32^(a)(b)			250		236,952
CarVal CLO III Ltd., Series 2019-2A, Class E, (3 mo. LIBOR US + 6.44%), 11.25%, 07/20/32^(a)(b)			500		439,234
Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, (3 mo. LIBOR US + 1.65%), 6.44%, 07/17/34^(a)(b)			250		238,829
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class B, (3 mo. LIBOR US + 1.60%), 6.39%, 07/15/33^(a)(b)			500		482,172
CIFC Funding I Ltd., Series 2019-1A, Class DR, (3 mo. LIBOR US + 3.10%), 7.91%, 04/20/32^(a)(b)			500		477,430
CIFC Funding Ltd., Series 2013-4A, Class DRR, (3 mo. LIBOR US + 2.80%), 7.61%, 04/27/31^(a)(b)			250		232,904
CIFC Funding VII Ltd.^(a)(b)
Series 2022-7A, Class D, (3 mo. Term SOFR + 5.35%), 9.56%, 10/22/35			250		245,005
Series 2022-7A, Class E, (3 mo. Term SOFR + 8.94%), 13.15%, 10/22/35			500		494,490
Citigroup Mortgage Loan Trust, Series 2006-FX1, Class A7, 5.78%, 10/25/36			340		223,012


Security		Par (000)		Value

Asset-Backed Securities (continued)
Clear Creek CLO, Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.95%), 7.76%, 10/20/30^(a)(b)	USD		250	$	233,466
Countrywide Asset-Backed Certificates Trust, Series 2006-26, Class 1A, (1 mo. LIBOR US + 0.14%), 4.99%, 06/25/37^(a)			528		480,644
Dryden 106 CLO Ltd., Series 2022-106A, Class E, (3 mo. Term SOFR + 8.87%), 13.43%, 10/15/35^(a)(b)			500		497,123
Dryden 64 CLO Ltd., Series 2018-64A, Class D, (3 mo. LIBOR US + 2.65%), 7.44%, 04/18/31^(a)(b)			250		229,964
Elmwood CLO II Ltd., Series 2019-2A, Class ER, (3 mo. LIBOR US + 6.80%), 11.61%, 04/20/34^(a)(b)			250		237,098
Elmwood CLO IV Ltd., Series 2020-1A, Class B, (3 mo. LIBOR US + 1.70%), 6.49%, 04/15/33^(a)(b)			500		486,179
Elmwood CLO V Ltd., Series 2020-2A, Class CR, (3 mo. LIBOR US + 2.00%), 6.81%, 10/20/34^(a)(b)			436		417,188
Generate CLO 3 Ltd., Series 3A, Class DR, (3 mo. LIBOR US + 3.60%), 8.41%, 10/20/29^(a)(b)			250		238,201
Generate CLO 4 Ltd., Series 4A, Class ER, (3 mo. LIBOR US + 6.75%), 11.56%, 04/20/32^(a)(b)			1,000		885,345
Generate CLO 6 Ltd., Series 6A, Class DR, (3 mo. LIBOR US + 3.50%), 8.32%, 01/22/35^(a)(b)			750		684,263
Golub Capital Partners CLO 55B Ltd., Series 2021- 55A, Class E, (3 mo. LIBOR US + 6.56%), 11.37%, 07/20/34^(a)(b)			250		222,767
Gulf Stream Meridian 1 Ltd., Series 2020-IA, Class E, (3 mo. LIBOR US + 6.45%), 11.24%, 04/15/33^(a)(b)			250		214,812
Gulf Stream Meridian 5 Ltd., Series 2021-5A, Class A2, (3 mo. LIBOR US + 1.80%), 6.59%, 07/15/34^(a)(b)			250		243,359
Jay Park CLO Ltd., Series 2016-1A, Class CR, (3 mo. LIBOR US + 2.65%), 7.46%, 10/20/27^(a)(b)			250		237,553
LCM XIII LP, Series 13A, Class AR3, (3 mo. LIBOR US + 0.87%), 5.67%, 07/19/27^(a)(b)			475		469,997
Madison Park Funding XVII Ltd., Series 2015-17A, Class DR, (3 mo. LIBOR US + 3.60%), 8.42%, 07/21/30^(a)(b)			500		482,352
Madison Park Funding XVIII Ltd., Series 2015-18A, Class ARR, (3 mo. LIBOR US + 0.94%), 5.76%, 10/21/30^(a)(b)			498		491,833
Madison Park Funding XXIX Ltd.^(a)(b)
Series 2018-29A, Class D, (3 mo. LIBOR US + 3.00%), 7.79%, 10/18/30			510		475,358
Series 2018-29A, Class E, (3 mo. LIBOR US + 5.70%), 10.49%, 10/18/30			250		225,317
Madison Park Funding XXV Ltd., Series 2017-25A, Class A1R, (3 mo. LIBOR US + 0.97%), 5.79%, 04/25/29^(a)(b)			981		969,165
Madison Park Funding XXVI Ltd., Series 2007-4A, Class DR, (3 mo. LIBOR US + 3.00%), 7.80%, 07/29/30^(a)(b)			250		233,040
Madison Park Funding XXXVII Ltd., Series 2019-37A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 07/15/33^(a)(b)			800		774,473
Madison Park Funding XXXVIII Ltd., Series 2021- 38A, Class B, (3 mo. LIBOR US + 1.65%), 6.44%, 07/17/34^(a)(b)			250		240,697


Security		Par (000)		Value

Asset-Backed Securities (continued)
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ERR, (3 mo. LIBOR US + 6.50%), 11.29%, 07/15/34^(a)(b)	USD		790	$	726,923
Neuberger Berman Loan Advisers CLO 32 Ltd., Series 2019-32A, Class ER, (3 mo. LIBOR US + 6.10%), 10.90%, 01/20/32^(a)(b)			425		374,867
Neuberger Berman Loan Advisers NBLA CLO 52 Ltd., Series 2022-52A, Class D, (3 mo. Term SOFR + 5.75%), 10.33%, 10/24/35^(a)(b)			500		498,430
OCP CLO Ltd., Series 2019-16A, Class DR, (3 mo. LIBOR US + 3.15%), 7.96%, 04/10/33^(a)(b)			250		225,883
Octagon 54 Ltd., Series 2021-1A, Class D, (3 mo. LIBOR US + 3.05%), 7.84%, 07/15/34^(a)(b)			250		227,906
Octagon Investment Partners 31 Ltd., Series 2017- 1A, Class E, (3 mo. LIBOR US + 6.30%), 11.11%, 07/20/30^(a)(b)			500		427,135
Octagon Investment Partners XV Ltd., Series 2013- 1A, Class A1RR, (3 mo. LIBOR US + 0.97%), 5.77%, 07/19/30^(a)(b)			1,738		1,717,769
Octagon Investment Partners XVII Ltd., Series 2013- 1A, Class BR2, (3 mo. LIBOR US + 1.40%), 6.22%, 01/25/31^(a)(b)			250		242,482
OHA Credit Partners XIII Ltd., Series 2016-13A, Class BR, (3 mo. LIBOR US + 1.70%), 6.52%, 10/25/34^(a)(b)			250		242,664
OZLM VIII Ltd., Series 2014-8A, Class CRR, (3 mo. LIBOR US + 3.15%), 7.94%, 10/17/29^(a)(b)			250		229,063
OZLM XXI Ltd., Series 2017-21A, Class D, (3 mo. LIBOR US + 5.54%), 10.35%, 01/20/31^(a)(b)			250		201,093
Rad CLO Ltd., Series 2022-17A, Class E, (3 mo. Term SOFR + 8.30%), 12.26%, 10/20/35^(a)(b)			250		239,208
Regatta IX Funding Ltd., Series 2022-1A, Class D, (3 mo. LIBOR US + 3.90%), 8.69%, 04/17/30^(a)(b)			500		482,753
Regatta XXIV Funding Ltd., Series 2021-5A, Class D, (3 mo. LIBOR US + 3.10%), 7.91%, 01/20/35^(a)(b)			250		235,897
Regional Management Issuance Trust, 3.88%, 10/17/33^(c)			980		851,424
Rockford Tower CLO Ltd., Series 2017-2A, Class DR, (3 mo. LIBOR US + 2.85%), 7.64%, 10/15/29^(a)(b)			500		455,710
Sterling Coofs Trust, Series 2004-2, Class Note, 2.08%, 03/30/30^(b)(c)			926		9,263
Sterling COOFS Trust, Series 2004-1, Class A, 2.36%, 04/15/29^(c)			638		6,375
TICP CLO I-2 Ltd., Series 2018-IA, Class C, (3 mo. LIBOR US + 3.04%), 7.86%, 04/26/28^(a)(b)			500		499,724
Trimaran CAVU Ltd.^(a)(b)
Series 2021-1A, Class D, (3 mo. LIBOR US + 3.45%), 8.27%, 04/23/32			250		233,549
Series 2021-2A, Class D1, (3 mo. LIBOR US + 3.25%), 8.07%, 10/25/34			500		452,227
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27^(d)	GBP		33		40,683
Voya CLO Ltd., Series 2019-3A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 10/17/32^(a)(b)	USD		500		486,042


Security		Par (000)		Value

Asset-Backed Securities (continued)
Whitebox CLO II Ltd., Series 2020-2A, Class DR, (3 mo. LIBOR US + 3.35%), 8.17%, 10/24/34^(a)(b)	USD		500	$	459,727
Whitebox CLO III Ltd., Series 2021-3A, Class D, (3 mo. LIBOR US + 3.35%), 8.14%, 10/15/34^(a)(b)			250		224,581


Total Asset-Backed Securities — 6.4% (Cost: $33,147,492)					31,471,603


		Shares

Common Stocks

Construction & Engineering — 0.0%
McDermott International Ltd.^(e)			47,837		16,265


Energy Equipment & Services^(c)— 0.0%
Project Investor Holdings LLC			2,869		689
Project Investor Holdings LLC, (Acquired 02/12/19, Cost: $0)^(f)			2,869		—


					689

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


Industrial Conglomerates — 0.0%
Ameriforge Group, Inc.			801		400


Oil, Gas & Consumable Fuels — 0.0%
Kcad Holdings I Ltd.^(c)			546,753,936		5,467


Software — 0.0%
Avaya Holdings Corp.^(e)			19		—


Specialty Retail — 0.1%
NMG Parent LLC			1,330		168,467


Total Common Stocks — 0.1% (Cost: $6,923,500)					191,288


		Par (000)

Corporate Bonds

Aerospace & Defense — 3.5%
Amsted Industries, Inc., 5.63%, 07/01/27^(b)	USD		156		151,710
Boeing Co., 5.15%, 05/01/30^(g)			1,315		1,323,221
Bombardier, Inc.^(b)
7.50%, 03/15/25			17		16,998
7.13%, 06/15/26^(g)			1,191		1,195,287
7.88%, 04/15/27^(g)			605		612,459
6.00%, 02/15/28^(g)			539		524,854
7.50%, 02/01/29^(g)			660		674,230
7.45%, 05/01/34			100		112,000
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(b)(g)			423		353,205
Howmet Aerospace, Inc., 5.13%, 10/01/24			4		4,016
Northrop Grumman Corp., 3.85%, 04/15/45^(g)			600		502,129
Rolls-Royce PLC, 5.75%, 10/15/27^(b)(g)			1,018		1,014,132
Spirit AeroSystems, Inc.^(b)
7.50%, 04/15/25			32		32,000
9.38%, 11/30/29^(g)			607		662,389
TransDigm, Inc.
8.00%, 12/15/25^(b)(g)			815		830,281


Security		Par (000)		Value

Aerospace & Defense (continued)
TransDigm, Inc. (continued)
6.25%, 03/15/26^(b)(g)	USD		5,693	$	5,698,181
6.38%, 06/15/26			46		44,965
7.50%, 03/15/27			105		104,737
6.75%, 08/15/28^(b)(g)			2,249		2,271,490
Triumph Group, Inc., 9.00%, 03/15/28^(b)(g)			854		854,897


					16,983,181

Air Freight & Logistics — 0.0%
XPO Escrow Sub LLC, 7.50%, 11/15/27^(b)(g)			85		88,400


Automobile Components — 1.1%
Aptiv PLC, 4.40%, 10/01/46^(g)			240		188,733
Clarios Global LP, 6.75%, 05/15/25^(b)			528		533,623
Clarios Global LP/Clarios U.S. Finance Co.
4.38%, 05/15/26^(d)	EUR		100		103,367
6.25%, 05/15/26^(b)(g)	USD		1,409		1,405,477
8.50%, 05/15/27^(b)(g)			2,612		2,621,795
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28^(b)			174		156,165
Faurecia SE, 2.75%, 02/15/27^(d)	EUR		100		96,258
Goodyear Tire & Rubber Co.
5.00%, 07/15/29	USD		104		92,914
5.63%, 04/30/33			109		94,285
ZF Finance GmbH^(d)
3.00%, 09/21/25	EUR		100		102,991
2.00%, 05/06/27			100		93,303


					5,488,911

Automobiles — 1.5%
Asbury Automotive Group, Inc.
4.50%, 03/01/28	USD		129		117,390
4.75%, 03/01/30			124		110,980
5.00%, 02/15/32^(b)			130		113,881
Constellation Automotive Financing PLC, 4.88%, 07/15/27^(d)	GBP		100		89,744
Ford Motor Co.
0.00%, 03/15/26^(h)(i)	USD		406		405,594
4.35%, 12/08/26			11		10,687
3.25%, 02/12/32^(g)			581		456,641
6.10%, 08/19/32^(g)			179		173,461
Ford Motor Credit Co. LLC
3.81%, 01/09/24^(g)			629		621,565
4.69%, 06/09/25			200		192,218
5.13%, 06/16/25^(g)			490		479,634
3.38%, 11/13/25			200		187,458
4.39%, 01/08/26^(g)			400		379,500
6.86%, 06/05/26	GBP		108		132,676
2.70%, 08/10/26	USD		295		262,547
4.95%, 05/28/27^(g)			200		190,763
4.87%, 08/03/27	EUR		100		105,197
2.90%, 02/16/28^(g)	USD		295		253,582
7.35%, 03/06/30			400		411,000
3.63%, 06/17/31^(g)			400		329,612
General Motors Financial Co., Inc., 6.00%, 01/09/28^(g)			1,000		1,023,515
Ken Garff Automotive LLC, 4.88%, 09/15/28^(b)			122		103,714
LCM Investments Holdings II LLC, 4.88%, 05/01/29^(b)			292		244,287
Lithia Motors, Inc., 3.88%, 06/01/29^(b)			131		113,315
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(b)			178		131,797


Security		Par (000)		Value

Automobiles (continued)
Renault SA, 2.38%, 05/25/26^(d)	EUR		100	$	99,096
TML Holdings Pte. Ltd., 4.35%, 06/09/26^(d)	USD		200		180,163
Wabash National Corp., 4.50%, 10/15/28^(b)			220		190,733


					7,110,750

Banks — 0.5%
Banca Monte dei Paschi di Siena SpA, (1 mo. EURIBOR + 3.21%), 6.75%, 03/02/26^(a)(d)	EUR		100		106,243
Banco BPM SpA, (5 year EUR Swap + 3.17%), 2.88%, 06/29/31^(a)(d)			100		90,751
Banco Espirito Santo SA^(e)(j)
4.75%, 01/15/22^(a)			100		12,472
4.00%, 01/21/22			100		12,472
Bangkok Bank PCL, (5 year CMT + 4.73%), 5.00%	USD		201		183,638
Bank of Communications Co. Ltd., (5 year CMT + 3.35%), 3.80%^(a)(d)(k)			200		192,250
Chong Hing Bank Ltd., (5 year CMT + 3.86%), 5.70%^(a)(d)(k)			250		235,828
Credit Suisse AG/New York, 5.00%, 07/09/27			1,200		1,155,000
Grupo Aval Ltd., 4.38%, 02/04/30^(b)			200		151,130
Intesa Sanpaolo SpA, 5.71%, 01/15/26^(b)(g)			200		189,497
Krung Thai Bank PCL, (5 year CMT + 3.53%), 4.40%^(a)(d)(k)			202		177,735


					2,507,016

Beverages — 2.0%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(g)			800		781,850
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(g)(l)			833		637,532
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC^(b)
6.00%, 06/15/27^(g)			400		396,410
3.25%, 09/01/28			200		172,112
4.00%, 09/01/29^(g)			2,234		1,748,105
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 5.25%, 04/30/25^(b)			200		197,000
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(b)			211		191,200
Mauser Packaging Solutions Holding Co.^(b)
7.88%, 08/15/26^(g)			3,257		3,257,000
9.25%, 04/15/27			41		37,884
Trivium Packaging Finance BV^(b)(g)
5.50%, 08/15/26			1,004		961,832
8.50%, 08/15/27			1,367		1,243,970


					9,624,895

Biotechnology — 0.0%
Cidron Aida Finco SARL, 5.00%, 04/01/28^(d)	EUR		100		95,441


Broadline Retail — 0.0%
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(b)(g)	USD		213		199,979


Building Materials^(b)— 0.5%
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28			207		191,670
James Hardie International Finance DAC, 5.00%, 01/15/28			200		187,476
Jeld-Wen, Inc.
6.25%, 05/15/25			146		145,635
4.63%, 12/15/25			25		23,188


Security		Par (000)		Value

Building Materials (continued)
Masonite International Corp., Class C, 5.38%, 02/01/28	USD		101	$	96,455
New Enterprise Stone & Lime Co., Inc.
5.25%, 07/15/28			81		71,595
9.75%, 07/15/28			205		195,775
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28^(g)			552		518,190
Standard Industries, Inc.^(g)
5.00%, 02/15/27			209		198,491
4.75%, 01/15/28			80		74,734
4.38%, 07/15/30			683		594,210
3.38%, 01/15/31			326		262,001
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29			92		86,940


					2,646,360

Building Products^(b)— 0.9%
Advanced Drainage Systems, Inc.
5.00%, 09/30/27			261		248,035
6.38%, 06/15/30^(g)			457		447,786
Beacon Roofing Supply, Inc., 4.13%, 05/15/29			123		108,532
Foundation Building Materials, Inc., 6.00%, 03/01/29			83		65,787
GYP Holdings III Corp., 4.63%, 05/01/29			371		317,205
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26			87		79,955
SRS Distribution, Inc.^(g)
4.63%, 07/01/28			492		436,943
6.13%, 07/01/29			499		421,011
6.00%, 12/01/29			685		565,584
White Cap Buyer LLC, 6.88%, 10/15/28^(g)			1,407		1,220,514
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26^(l)			235		213,705


					4,125,057

Capital Markets — 1.3%
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27^(b)			77		77,501
Blackstone Private Credit Fund
7.05%, 09/29/25^(b)			79		77,899
3.25%, 03/15/27			75		63,679
Charles Schwab Corp., Series H, (10 year CMT + 3.08%), 4.00%^(a)(g)(k)			2,000		1,575,000
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)			214		188,409
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32^(g)			498		404,057
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26^(g)			394		387,725
5.25%, 05/15/27^(g)			674		632,421
4.38%, 02/01/29			295		253,700
NFP Corp.^(b)
4.88%, 08/15/28^(g)			595		536,690
6.88%, 08/15/28^(g)			1,373		1,178,226
7.50%, 10/01/30			105		101,454
Northern Trust Corp., 6.13%, 11/02/32^(g)			219		233,481
Owl Rock Capital Corp., 3.40%, 07/15/26			63		55,626
Owl Rock Core Income Corp.
3.13%, 09/23/26			43		37,304
7.75%, 09/16/27^(b)(g)			302		297,511


					6,100,683


Security		Par (000)		Value

Chemicals — 1.5%
Ashland LLC, 3.38%, 09/01/31^(b)(g)	USD		164	$	134,059
Avient Corp., 7.13%, 08/01/30^(b)			106		109,313
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)(g)			447		382,982
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)			170		161,534
Celanese U.S. Holdings LLC, 6.17%, 07/15/27^(g)			146		146,833
Element Solutions, Inc., 3.88%, 09/01/28^(b)(g)			1,508		1,323,481
HB Fuller Co., 4.25%, 10/15/28			110		97,580
Herens Holdco SARL, 4.75%, 05/15/28^(b)(g)			612		492,660
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)(g)			368		326,238
Ingevity Corp., 3.88%, 11/01/28^(b)			84		71,969
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26^(b)(l)			259		186,480
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29^(b)			133		111,836
Minerals Technologies, Inc., 5.00%, 07/01/28^(b)			169		154,101
Monitchem HoldCo 3 SA, 5.25%, 03/15/25^(d)	EUR		100		108,047
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)	USD		67		66,100
Sasol Financing USA LLC, 5.50%, 03/18/31			200		167,037
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26^(b)(g)			439		401,043
SK Invictus Intermediate II SARL, 5.00%, 10/30/29^(b)(g)			550		456,632
WESCO Distribution, Inc.^(b)(g)
7.13%, 06/15/25			676		687,120
7.25%, 06/15/28			636		653,045
WR Grace Holdings LLC^(b)
4.88%, 06/15/27			122		117,597
5.63%, 08/15/29^(g)			1,131		958,522
7.38%, 03/01/31			146		146,552


					7,460,761

Commercial Services & Supplies — 1.0%
ADT Security Corp.
4.13%, 06/15/23			2		1,990
4.13%, 08/01/29^(b)			27		24,078
4.88%, 07/15/32^(b)			12		10,587
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26^(b)			200		178,008
APX Group, Inc., 5.75%, 07/15/29^(b)(g)			268		239,860
Cablevision Lightpath LLC, 3.88%, 09/15/27^(b)			200		160,946
Fortress Transportation & Infrastructure Investors LLC^(b)
6.50%, 10/01/25			488		488,325
9.75%, 08/01/27			76		80,187
5.50%, 05/01/28^(g)			404		368,585
Herc Holdings, Inc., 5.50%, 07/15/27^(b)(g)			491		473,815
Hertz Corp.^(b)
4.63%, 12/01/26			126		114,093
5.00%, 12/01/29^(g)			101		83,650
LABL, Inc., 9.50%, 11/01/28			236		238,065
Metis Merger Sub LLC, 6.50%, 05/15/29^(b)			125		104,113
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)			239		216,219
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)
5.25%, 04/15/24			141		139,414
5.75%, 04/15/26^(g)			608		603,440
6.25%, 01/15/28^(g)			180		168,300
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(b)(g)			653		541,545


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Verisure Holding AB, 9.25%, 10/15/27^(d)	EUR		100	$	116,184
Williams Scotsman International, Inc.^(b)
6.13%, 06/15/25^(g)	USD		403		400,471
4.63%, 08/15/28			243		221,053


					4,972,928

Communications Equipment^(b)— 0.5%
CommScope Technologies LLC, 6.00%, 06/15/25^(g)			713		671,472
CommScope, Inc.
6.00%, 03/01/26			132		127,393
8.25%, 03/01/27			158		129,418
7.13%, 07/01/28			138		101,780
4.75%, 09/01/29^(g)			416		346,744
Viasat, Inc.
5.63%, 09/15/25^(g)			484		458,861
5.63%, 04/15/27			67		62,913
Viavi Solutions, Inc., 3.75%, 10/01/29^(g)			309		264,247


					2,162,828

Construction Materials^(b)— 0.1%
BCPE Empire Holdings, Inc., 7.63%, 05/01/27			297		271,384
Resideo Funding, Inc., 4.00%, 09/01/29			59		49,053
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28			77		79,297
Wesco Aircraft Holdings, Inc., 9.00%, 11/15/26			662		52,960


					452,694

Consumer Discretionary — 1.7%
APi Group DE, Inc.^(b)
4.13%, 07/15/29			132		113,267
4.75%, 10/15/29			100		87,982
Carnival Corp.
10.13%, 02/01/26^(d)	EUR		100		113,872
10.50%, 02/01/26^(b)(g)	USD		361		376,133
7.63%, 03/01/26^(b)(g)			71		64,788
5.75%, 03/01/27^(b)(g)			893		732,555
9.88%, 08/01/27^(b)			262		269,885
4.00%, 08/01/28^(b)(g)			477		410,616
6.00%, 05/01/29^(b)(g)			470		373,650
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28^(b)(g)			1,958		2,106,338
CoreLogic, Inc., 4.50%, 05/01/28^(b)(g)			511		387,721
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26^(b)			91		81,432
Life Time, Inc.^(b)
5.75%, 01/15/26			340		330,285
8.00%, 04/15/26			239		227,984
Lindblad Expeditions LLC, 6.75%, 02/15/27^(b)(g)			305		295,269
NCL Corp. Ltd.^(b)
5.88%, 03/15/26			236		200,855
8.38%, 02/01/28			132		132,452
7.75%, 02/15/29			42		36,012
NCL Finance Ltd., 6.13%, 03/15/28^(b)(g)			261		211,473
Neptune Bidco U.S., Inc., 9.29%, 04/15/29^(b)			82		76,022
Royal Caribbean Cruises Ltd.^(b)
11.50%, 06/01/25			120		127,953
4.25%, 07/01/26			72		64,620
5.50%, 08/31/26			136		127,235
5.38%, 07/15/27			134		119,354
11.63%, 08/15/27			176		189,032
5.50%, 04/01/28^(g)			118		104,180
8.25%, 01/15/29			191		199,810


Security		Par (000)		Value

Consumer Discretionary (continued)
Royal Caribbean Cruises Ltd.^(b)(continued)
9.25%, 01/15/29^(g)	USD		345	$	366,562
7.25%, 01/15/30			267		268,669
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(b)			148		127,032


					8,323,038

Consumer Finance — 1.7%
Block, Inc.
2.75%, 06/01/26			392		357,412
3.50%, 06/01/31^(g)			1,133		930,476
Capital One Financial Corp., (1 day SOFR + 2.60%), 5.82%, 02/01/34^(a)(g)			440		425,181
Discover Financial Services, 6.70%, 11/29/32			85		87,630
Equifax, Inc., 2.60%, 12/15/25			59		54,989
Global Payments, Inc.
3.20%, 08/15/29^(g)			564		496,107
2.90%, 05/15/30^(g)			754		638,470
5.40%, 08/15/32			86		84,321
HealthEquity, Inc., 4.50%, 10/01/29^(b)(g)			707		628,147
Navient Corp.
7.25%, 09/25/23			77		76,739
6.13%, 03/25/24			86		84,844
5.88%, 10/25/24			82		79,653
5.50%, 03/15/29			211		178,295
OneMain Finance Corp.
6.88%, 03/15/25			303		293,608
7.13%, 03/15/26^(g)			331		318,187
3.50%, 01/15/27			304		255,136
6.63%, 01/15/28^(g)			240		220,034
5.38%, 11/15/29^(g)			105		88,333
4.00%, 09/15/30			110		82,500
Sabre Global, Inc.^(b)
9.25%, 04/15/25			211		198,762
7.38%, 09/01/25			252		225,161
11.25%, 12/15/27			125		116,480
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)(g)			550		517,000
Shift4 Payments, Inc., 0.00%, 12/15/25^(h)(i)			174		203,337
Verscend Escrow Corp., 9.75%, 08/15/26^(b)(g)			1,817		1,817,000


					8,457,802

Consumer Staples Distribution & Retail — 0.9%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(b)
3.25%, 03/15/26^(g)			642		604,119
7.50%, 03/15/26			107		109,781
4.63%, 01/15/27^(g)			477		461,300
5.88%, 02/15/28^(g)			320		318,034
6.50%, 02/15/28			152		152,380
3.50%, 03/15/29			30		26,103
4.88%, 02/15/30^(g)			214		199,744
Bellis Acquisition Co. PLC, 3.25%, 02/16/26^(d)	GBP		100		100,859
Darling Ingredients, Inc., 6.00%, 06/15/30^(b)(g)	USD		434		432,524
Lamb Weston Holdings, Inc.^(b)(g)
4.88%, 05/15/28			257		249,277
4.13%, 01/31/30			312		285,480
4.38%, 01/31/32			404		366,391
Ocado Group PLC, 3.88%, 10/08/26^(d)	GBP		100		91,538
Performance Food Group, Inc., 4.25%, 08/01/29^(b)(g)	USD		299		268,494


Security		Par (000)		Value

Consumer Staples Distribution & Retail (continued)
Post Holdings, Inc.^(b)
5.75%, 03/01/27	USD		89	$	86,847
4.63%, 04/15/30^(g)			118		105,757
U.S. Foods, Inc.^(b)
4.75%, 02/15/29^(g)			335		309,456
4.63%, 06/01/30			39		35,180
United Natural Foods, Inc., 6.75%, 10/15/28^(b)			34		31,600


					4,234,864

Containers & Packaging — 0.5%
Clydesdale Acquisition Holdings, Inc.^(b)(g)
6.63%, 04/15/29			558		537,075
8.75%, 04/15/30			584		530,704
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			196		187,899
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26^(g)			424		412,902
Graham Packaging Co., Inc., 7.13%, 08/15/28^(b)			60		51,887
Graphic Packaging International LLC^(b)
4.75%, 07/15/27			89		84,702
3.50%, 03/15/28			9		8,237
LABL, Inc., 5.88%, 11/01/28^(b)			261		231,916
Sealed Air Corp., 5.13%, 12/01/24^(b)			46		45,687
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28^(b)			158		159,762


					2,250,771

Diversified Consumer Services — 1.7%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)(g)
6.63%, 07/15/26			1,737		1,669,266
9.75%, 07/15/27			601		535,647
6.00%, 06/01/29			1,356		1,012,200
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28^(b)(g)			1,963		1,652,816
Clarivate Science Holdings Corp.^(b)(g)
3.88%, 07/01/28			741		661,320
4.88%, 07/01/29			459		415,106
Garda World Security Corp.^(b)
4.63%, 02/15/27			132		118,490
7.75%, 02/15/28			332		327,220
Graham Holdings Co., 5.75%, 06/01/26^(b)			140		137,221
Rekeep SpA, 7.25%, 02/01/26^(d)	EUR		100		95,436
Service Corp. International
5.13%, 06/01/29	USD		238		229,596
3.38%, 08/15/30^(g)			263		224,207
4.00%, 05/15/31^(g)			333		292,440
Sotheby’s, 7.38%, 10/15/27^(b)(g)			1,046		989,443


					8,360,408

Diversified REITs — 0.9%
Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50^(g)			450		341,253
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27^(b)			178		142,845
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)(g)			142		112,353
Healthpeak OP LLC, 2.88%, 01/15/31^(g)			1,000		858,005
Iron Mountain, Inc.^(b) 5.00%, 07/15/28			32		29,776


Security		Par (000)		Value

Diversified REITs (continued)
Iron Mountain, Inc.^(b)(continued)
5.25%, 07/15/30	USD		172	$	155,089
5.63%, 07/15/32			25		22,838
MPT Operating Partnership LP/MPT Finance Corp.
2.55%, 12/05/23	GBP		104		121,392
4.63%, 08/01/29	USD		304		224,580
3.50%, 03/15/31^(g)			1,179		793,703
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27^(g)			704		659,787
4.50%, 02/15/29^(b)			256		231,240
Ventas Realty LP, 4.13%, 01/15/26^(g)			650		630,366
VICI Properties LP/VICI Note Co., Inc., 3.88%, 02/15/29^(b)			50		44,456


					4,367,683

Diversified Telecommunication Services — 2.2%
AT&T, Inc., 4.30%, 02/15/30^(g)			1,350		1,311,823
Level 3 Financing, Inc.
3.40%, 03/01/27^(b)(g)			420		332,196
4.63%, 09/15/27^(b)			202		121,452
4.25%, 07/01/28^(b)(g)			814		459,259
3.63%, 01/15/29^(b)			136		75,197
3.75%, 07/15/29^(b)(g)			172		91,703
3.88%, 11/15/29^(b)(g)			431		311,928
10.50%, 05/15/30^(g)			388		377,129
Lumen Technologies, Inc., 4.00%, 02/15/27^(b)(g)			1,026		677,160
SoftBank Group Corp., 4.75%, 07/30/25^(d)	EUR		100		103,570
Sprint Capital Corp., 8.75%, 03/15/32^(g)	USD		1,320		1,607,100
Telecom Italia Capital SA
6.38%, 11/15/33			222		201,003
6.00%, 09/30/34^(g)			432		370,440
7.20%, 07/18/36			98		88,664
7.72%, 06/04/38			44		40,736
Telecom Italia SpA
4.00%, 04/11/24^(d)	EUR		150		161,089
5.30%, 05/30/24^(b)(g)	USD		200		196,000
Telecom Italia SpA/Milano, 2.38%, 10/12/27^(d)	EUR		100		93,523
Verizon Communications, Inc., 3.70%, 03/22/61^(g)	USD		1,000		745,645
Zayo Group Holdings, Inc.^(b)(g)
4.00%, 03/01/27			3,500		2,660,000
6.13%, 03/01/28			1,413		859,387


					10,885,004

Electric Utilities — 0.5%
Black Hills Corp., 3.15%, 01/15/27^(g)			305		286,167
Comision Federal de Electricidad, 4.88%, 01/15/24			200		196,913
Enel Finance International NV, 3.63%, 05/25/27^(b)(g)			900		853,699
FirstEnergy Corp., Series C, 3.40%, 03/01/50^(g)			347		237,963
FirstEnergy Transmission LLC, 5.45%, 07/15/44^(b)(g)			381		365,019
NextEra Energy Operating Partners LP^(b)
4.25%, 07/15/24^(g)			170		167,836
4.25%, 09/15/24			9		8,629
Pike Corp., 5.50%, 09/01/28^(b)			80		70,000
Texas Competitive Electric Holdings, 1.00%, 11/10/21^(c)(e)(j)			780		—


					2,186,226

Electrical Equipment^(b)— 0.3%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26^(g)			416		408,720
GrafTech Finance, Inc., 4.63%, 12/15/28			136		113,405


Security		Par (000)		Value

Electrical Equipment (continued)
Regal Rexnord Corp.
6.05%, 02/15/26	USD		90	$	90,394
6.05%, 04/15/28^(g)			590		590,263
6.30%, 02/15/30			200		201,381
6.40%, 04/15/33^(g)			205		205,127


					1,609,290

Electronic Equipment, Instruments & Components — 0.3%
CDW LLC/CDW Finance Corp.
3.28%, 12/01/28			21		18,499
3.25%, 02/15/29			212		186,452
Imola Merger Corp., 4.75%, 05/15/29^(b)(g)			510		456,241
Vertiv Group Corp., 4.13%, 11/15/28^(b)(g)			920		811,766


					1,472,958

Energy Equipment & Services — 0.5%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27			304		298,300
6.25%, 04/01/28^(g)			729		699,840
Halliburton Co., 3.80%, 11/15/25^(g)			3		2,938
USA Compression Partners LP/USA Compression Finance Corp.^(g)
6.88%, 04/01/26			510		495,693
6.88%, 09/01/27			433		413,766
Vallourec SA, 8.50%, 06/30/26^(d)	EUR		25		26,977
Weatherford International Ltd.^(b)
11.00%, 12/01/24	USD		7		7,182
6.50%, 09/15/28			215		215,368
8.63%, 04/30/30^(g)			314		321,241


					2,481,305

Environmental, Maintenance & Security Service — 0.8%
Clean Harbors, Inc.^(b)
4.88%, 07/15/27^(g)			250		241,127
5.13%, 07/15/29^(g)			129		122,892
6.38%, 02/01/31			108		110,188
Covanta Holding Corp.
4.88%, 12/01/29^(b)			142		126,343
5.00%, 09/01/30			70		60,214
GFL Environmental, Inc.^(b)
4.25%, 06/01/25			103		100,500
3.75%, 08/01/25			312		299,832
5.13%, 12/15/26^(g)			243		237,597
4.00%, 08/01/28^(g)			431		391,594
3.50%, 09/01/28			160		144,800
4.75%, 06/15/29^(g)			378		353,090
4.38%, 08/15/29^(g)			317		283,778
Republic Services, Inc., 3.38%, 11/15/27^(g)			750		715,893
Tervita Corp., 11.00%, 12/01/25^(b)			114		122,265
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)(g)			757		696,184


					4,006,297

Financial Services — 2.0%
ABRA Global Finance, 11.50%, 03/02/28^(l)			185		144,169
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(b)(g)			403		316,355
ASG Finance Designated Activity Co., 7.88%, 12/03/24^(b)			200		192,750
Bank of America Corp., (1 day SOFR + 1.99%), 6.20%, 11/10/28^(a)(g)			346		361,702
Barclays PLC, 5.20%, 05/12/26^(g)			200		191,438


Security		Par (000)		Value

Financial Services (continued)
Blackstone Holdings Finance Co. LLC, 5.90%, 11/03/27^(b)(g)	USD		588	$	599,657
BNP Paribas SA, (5 year CMT + 3.34%), 4.63%^(a)(b)(g)(k)			1,500		1,121,040
Deutsche Bank AG/New York, (1 day SOFR + 3.18%), 6.72%, 01/18/29^(a)(g)			1,100		1,092,312
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(l)			232		208,184
Goldman Sachs Group, Inc., Series R, (5 year CMT + 3.22%), 4.95%^(a)(g)(k)			730		668,492
Home Point Capital, Inc., 5.00%, 02/01/26^(b)			194		145,559
HSBC Holdings PLC^(g)
4.38%, 11/23/26			395		376,793
(5 year USD ICE Swap + 4.37%), 6.38%^(a)(k)			500		459,477
(1 day SOFR + 3.35%), 7.39%, 11/03/28^(a)			265		282,048
ION Trading Technologies SARL, 5.75%, 05/15/28^(b)			200		159,734
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28^(b)			325		275,142
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(b)
5.25%, 10/01/25			43		37,831
4.25%, 02/01/27			170		134,300
4.75%, 06/15/29			67		48,430
Lloyds Banking Group PLC, (5 year CMT + 4.82%), 6.75%^(a)(g)(k)			450		407,429
MGIC Investment Corp., 5.25%, 08/15/28^(g)			167		158,733
Morgan Stanley
4.00%, 07/23/25^(g)			965		944,580
(5 year CMT + 2.43%), 5.95%, 01/19/38^(a)			100		99,442
Nationstar Mortgage Holdings, Inc.^(b)
6.00%, 01/15/27			147		133,403
5.13%, 12/15/30			104		79,916
5.75%, 11/15/31			114		88,426
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/26^(b)(g)			755		675,725
Spectrum Brands, Inc.^(b)
5.00%, 10/01/29			141		122,370
5.50%, 07/15/30			154		135,505


					9,660,942

Food Products — 0.6%
Aramark International Finance SARL, 3.13%, 04/01/25^(d)	EUR		138		144,753
Aramark Services, Inc.^(b)(g)
5.00%, 04/01/25	USD		495		487,127
6.38%, 05/01/25			188		189,384
5.00%, 02/01/28			436		412,659
BRF SA, 4.88%, 01/24/30^(d)			200		164,600
Chobani LLC/Chobani Finance Corp., Inc.^(b)(g)
7.50%, 04/15/25			857		835,593
4.63%, 11/15/28			608		554,040
Darling Global Finance BV, 3.63%, 05/15/26^(d)	EUR		120		126,131
Pilgrim’s Pride Corp., 3.50%, 03/01/32	USD		39		31,738
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(b)			129		104,829


					3,050,854

Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(b)			91		79,511


Security		Par (000)		Value

Ground Transportation — 0.7%
Danaos Corp., 8.50%, 03/01/28^(b)	USD		100	$	97,121
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34^(b)(g)			1,398		1,333,298
Union Pacific Corp., 3.20%, 05/20/41^(g)			600		482,941
United Rentals North America, Inc., 6.00%, 12/15/29^(b)(g)			1,689		1,712,257


					3,625,617

Health Care Equipment & Supplies — 0.3%
Avantor Funding, Inc.
2.63%, 11/01/25^(d)	EUR		100		104,089
4.63%, 07/15/28^(b)(g)	USD		665		630,087
3.88%, 11/01/29^(b)			209		187,055
Embecta Corp., 6.75%, 02/15/30^(b)			75		68,250
Garden Spinco Corp., 8.63%, 07/20/30^(b)			199		212,617


					1,202,098

Health Care Providers & Services — 2.4%
Acadia Healthcare Co., Inc., 5.50%, 07/01/28^(b)			115		111,406
AdaptHealth LLC^(b)
6.13%, 08/01/28			73		67,025
5.13%, 03/01/30			26		22,056
AHP Health Partners, Inc., 5.75%, 07/15/29^(b)			324		272,160
Cano Health LLC, 6.25%, 10/01/28^(b)			78		42,705
CHS/Community Health Systems, Inc.^(b)(g)
5.63%, 03/15/27			185		162,408
6.00%, 01/15/29			525		444,087
5.25%, 05/15/30			493		386,734
4.75%, 02/15/31			242		178,661
Elevance Health, Inc., 3.65%, 12/01/27^(g)			1,000		966,335
Encompass Health Corp.
4.50%, 02/01/28			15		13,981
4.75%, 02/01/30^(g)			434		394,591
4.63%, 04/01/31			211		184,318
HCA, Inc., 5.50%, 06/15/47^(g)			650		610,148
Legacy LifePoint Health LLC^(b)
6.75%, 04/15/25			320		303,667
4.38%, 02/15/27			253		206,920
Medline Borrower LP^(b)(g)
3.88%, 04/01/29			581		504,017
5.25%, 10/01/29			1,058		917,934
ModivCare, Inc., 5.88%, 11/15/25^(b)			137		131,349
Molina Healthcare, Inc.^(b)
4.38%, 06/15/28			46		42,793
3.88%, 11/15/30			80		69,801
3.88%, 05/15/32^(g)			141		118,497
Surgery Center Holdings, Inc.^(b)(g)
6.75%, 07/01/25			305		301,729
10.00%, 04/15/27			621		633,175
Teleflex, Inc.
4.63%, 11/15/27			80		78,142
4.25%, 06/01/28^(b)(g)			331		314,753
Tenet Healthcare Corp.
4.63%, 07/15/24^(g)			204		201,230
4.63%, 09/01/24^(g)			367		360,527
4.88%, 01/01/26^(g)			1,077		1,055,848
6.25%, 02/01/27			179		176,027
5.13%, 11/01/27^(g)			216		207,371
4.63%, 06/15/28			81		74,711
6.13%, 10/01/28			183		175,391
4.25%, 06/01/29			48		43,426


Security		Par (000)		Value

Health Care Providers & Services (continued)
Tenet Healthcare Corp. (continued)
6.13%, 06/15/30^(b)(g)	USD		353	$	348,235
UnitedHealth Group, Inc., 3.75%, 07/15/25^(g)			1,470		1,452,061


					11,574,219

Health Care Technology^(b)— 0.6%
AthenaHealth Group, Inc., 6.50%, 02/15/30^(g)			1,489		1,207,370
Catalent Pharma Solutions, Inc.
5.00%, 07/15/27^(g)			365		356,439
3.13%, 02/15/29			157		138,020
3.50%, 04/01/30^(g)			349		306,711
Charles River Laboratories International, Inc.
4.25%, 05/01/28			159		148,806
4.00%, 03/15/31			42		36,750
IQVIA, Inc.^(g)
5.00%, 10/15/26			463		452,582
5.00%, 05/15/27			437		429,392


					3,076,070

Hotels, Restaurants & Leisure — 3.1%
Accor SA, 0.70%, 12/07/27^(d)	EUR		32		15,379
Boyd Gaming Corp.
4.75%, 12/01/27	USD		133		127,560
4.75%, 06/15/31^(b)(g)			333		302,431
Boyne USA, Inc., 4.75%, 05/15/29^(b)(g)			344		307,114
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b)
5.75%, 04/15/25			207		207,755
3.88%, 01/15/28^(g)			208		193,440
4.38%, 01/15/28^(g)			134		123,702
4.00%, 10/15/30			103		88,323
Caesars Entertainment, Inc.^(b)(g)
6.25%, 07/01/25			1,189		1,189,056
8.13%, 07/01/27			1,508		1,538,160
4.63%, 10/15/29			624		545,688
7.00%, 02/15/30			1,527		1,553,723
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(b)(g)			478		478,102
CDI Escrow Issuer, Inc., 5.75%, 04/01/30^(b)(g)			691		667,396
Champion Path Holdings Ltd., 4.50%, 01/27/26^(d)			232		203,290
Churchill Downs, Inc.^(b)
5.50%, 04/01/27^(g)			695		680,464
4.75%, 01/15/28			137		128,290
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.^(b)
4.63%, 01/15/29^(g)			483		423,929
6.75%, 01/15/30			68		55,946
Fortune Star BVI Ltd., 6.75%, 07/02/23^(d)			200		194,500
Hilton Domestic Operating Co., Inc.
5.38%, 05/01/25^(b)			145		144,728
5.75%, 05/01/28^(b)			200		200,000
3.75%, 05/01/29^(b)			146		130,670
4.88%, 01/15/30^(g)			554		530,655
4.00%, 05/01/31^(b)			189		165,507
3.63%, 02/15/32^(b)			15		12,656
McDonald’s Corp., 3.70%, 01/30/26^(g)			405		398,048
Melco Resorts Finance Ltd.
5.25%, 04/26/26^(d)			250		225,000
5.38%, 12/04/29^(b)			400		327,000
Merlin Entertainments Ltd., 5.75%, 06/15/26^(b)(g)			600		569,085


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
MGM China Holdings Ltd., 5.88%, 05/15/26^(d)	USD		250	$	235,281
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(b)			235		204,293
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.^(b)
5.63%, 09/01/29			116		85,621
5.88%, 09/01/31			116		83,387
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26^(b)			177		164,610
Scientific Games International, Inc.^(b)
8.63%, 07/01/25			203		207,821
7.00%, 05/15/28^(g)			174		172,260
7.25%, 11/15/29			51		51,098
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)			269		271,780
Station Casinos LLC, 4.63%, 12/01/31^(b)			277		233,927
Stonegate Pub Co. Financing PLC, 8.25%, 07/31/25^(d)	GBP		100		114,801
Vail Resorts, Inc., 6.25%, 05/15/25^(b)	USD		154		154,360
Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28^(b)			158		145,555
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)(g)			192		181,440
Wynn Macau Ltd., 5.50%, 01/15/26^(d)			347		319,240
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(b)(g)
5.13%, 10/01/29			740		672,186
7.13%, 02/15/31			281		285,038


					15,310,295

Household Durables — 0.5%
Ashton Woods USA LLC/Ashton Woods Finance Co.^(b)
4.63%, 08/01/29			100		81,000
4.63%, 04/01/30			145		119,389
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC^(b)
5.00%, 06/15/29			208		159,120
4.88%, 02/15/30^(g)			364		274,511
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)			253		216,947
K Hovnanian Enterprises, Inc., 7.75%, 02/15/26^(b)			219		214,620
Mattamy Group Corp., 4.63%, 03/01/30^(b)(g)			199		173,086
Meritage Homes Corp., 5.13%, 06/06/27			50		48,625
NCR Corp.^(b)
5.75%, 09/01/27			220		216,201
5.00%, 10/01/28			110		96,686
5.13%, 04/15/29^(g)			145		125,462
6.13%, 09/01/29			92		90,742
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)(g)			330		202,950
Taylor Morrison Communities, Inc.^(b)
5.88%, 06/15/27			255		250,163
5.13%, 08/01/30			54		49,846
Tempur Sealy International, Inc.^(b)
4.00%, 04/15/29			204		179,475
3.88%, 10/15/31			97		80,995
Tri Pointe Group, Inc./Tri Pointe Homes, Inc., 5.88%, 06/15/24			11		10,945
Tri Pointe Homes, Inc., 5.25%, 06/01/27			15		14,250


					2,605,013


Security		Par (000)		Value

Household Products — 0.0%
Berkline Benchcraft LLC, 0.00%, 05/03/12^(a)(c)(e)(j)	USD		200	$	—
Central Garden & Pet Co.
5.13%, 02/01/28			15		14,438
4.13%, 10/15/30			194		171,418


					185,856

Independent Power and Renewable Electricity Producers — 0.7%
Calpine Corp.^(b)
5.25%, 06/01/26			221		215,453
5.13%, 03/15/28^(g)			1,060		970,505
4.63%, 02/01/29			106		91,512
5.00%, 02/01/31			43		36,400
Clearway Energy Operating LLC^(b)
4.75%, 03/15/28^(g)			336		320,880
3.75%, 01/15/32			262		217,743
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26^(d)			200		187,912
NRG Energy, Inc.
6.63%, 01/15/27^(g)			720		718,445
5.75%, 01/15/28			63		61,783
5.25%, 06/15/29^(b)			98		90,980
3.88%, 02/15/32^(b)			10		8,000
7.00%, 03/15/33^(b)			205		212,364
TerraForm Power Operating LLC^(b)
5.00%, 01/31/28			96		91,204
4.75%, 01/15/30			186		166,783
TransAlta Corp., 7.75%, 11/15/29			109		114,546


					3,504,510

Insurance — 2.7%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(b)			231		190,880
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)(g)
4.25%, 10/15/27			1,317		1,179,624
6.75%, 10/15/27			2,364		2,192,610
6.75%, 04/15/28			601		594,239
5.88%, 11/01/29			1,182		996,772
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25^(g)			360		348,861
AmWINS Group, Inc., 4.88%, 06/30/29^(b)			285		252,225
Aon Global Ltd., 3.88%, 12/15/25^(g)			1,115		1,087,515
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)(g)			330		314,917
HUB International Ltd.^(b)
7.00%, 05/01/26^(g)			1,280		1,257,994
5.63%, 12/01/29			53		46,178
Jones Deslauriers Insurance Management, Inc.
8.50%, 03/15/30			275		285,029
10.50%, 12/15/30^(b)			268		269,932
Marsh & McLennan Cos., Inc., 3.75%, 03/14/26^(g)			750		733,618
Ryan Specialty Group LLC, 4.38%, 02/01/30^(b)			183		160,011
Voya Financial, Inc., (3 mo. LIBOR US + 3.58%), 5.65%, 05/15/53^(a)(g)			3,500		3,377,500


					13,287,905

Interactive Media & Services — 0.2%
Arches Buyer, Inc., 4.25%, 06/01/28^(b)			110		91,933
Cablevision Lightpath LLC, 5.63%, 09/15/28^(b)(g)			400		276,020
iliad SA^(d)
5.38%, 06/14/27	EUR		100		107,577


Security		Par (000)		Value

Interactive Media & Services (continued)
iliad SA^(d)(continued)
5.63%, 02/15/30	EUR		100	$	105,197
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.^(b)
4.75%, 04/30/27	USD		264		225,542
6.00%, 02/15/28			51		37,734


					844,003

Internet Software & Services — 1.0%
Booking Holdings, Inc., 0.75%, 05/01/25^(g)(h)			49		73,373
Go Daddy Operating Co. LLC/GD Finance Co., Inc.^(b)
5.25%, 12/01/27			303		294,854
3.50%, 03/01/29			204		176,384
Match Group Holdings II LLC^(b)
4.63%, 06/01/28			157		145,809
5.63%, 02/15/29			177		166,423
4.13%, 08/01/30			198		170,478
3.63%, 10/01/31^(g)			153		124,508
Uber Technologies, Inc.
7.50%, 05/15/25^(b)(g)			667		675,553
0.00%, 12/15/25^(g)(h)(i)			916		805,879
8.00%, 11/01/26^(b)			419		429,571
7.50%, 09/15/27^(b)(g)			622		641,350
6.25%, 01/15/28^(b)(g)			402		400,995
4.50%, 08/15/29^(b)(g)			972		885,735


					4,990,912

IT Services — 0.9%
Ahead DB Holdings LLC, 6.63%, 05/01/28^(b)			150		124,221
CA Magnum Holdings, 5.38%, 10/31/26^(b)(g)			382		337,115
Camelot Finance SA, 4.50%, 11/01/26^(b)(g)			624		589,680
Dun & Bradstreet Corp., 5.00%, 12/15/29^(b)(g)			615		532,511
Fair Isaac Corp., 4.00%, 06/15/28^(b)(g)			366		339,465
Gartner, Inc.^(b)
4.50%, 07/01/28			23		21,832
3.63%, 06/15/29			57		50,861
KBR, Inc., 4.75%, 09/30/28^(b)			206		184,084
La Financiere Atalian SASU, 5.13%, 05/15/25^(d)	EUR		100		72,924
McAfee Corp., 7.38%, 02/15/30^(b)(g)	USD		786		659,057
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)			47		44,915
Science Applications International Corp., 4.88%, 04/01/28^(b)(g)			289		269,093
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25^(b)			163		161,613
Twilio, Inc.
3.63%, 03/15/29			142		122,475
3.88%, 03/15/31^(g)			319		270,678
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)(g)			692		599,082


					4,379,606

Leisure Products — 0.1%
Mattel, Inc.
6.20%, 10/01/40			219		197,238
5.45%, 11/01/41			278		234,077


					431,315

Machinery — 0.9%
ATS Corp., 4.13%, 12/15/28^(b)			108		95,786
Chart Industries, Inc.^(b)
7.50%, 01/01/30^(g)			623		643,696
9.50%, 01/01/31			92		97,060


Security		Par (000)		Value

Machinery (continued)
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(b)(l)	USD		240	$	202,800
Madison IAQ LLC, 5.88%, 06/30/29^(b)(g)			696		537,660
OT Merger Corp., 7.88%, 10/15/29^(b)			115		67,854
Terex Corp., 5.00%, 05/15/29^(b)(g)			333		309,860
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26^(b)(g)			852		713,550
TK Elevator Holdco GmbH, 7.63%, 07/15/28^(b)(g)			400		345,696
TK Elevator Midco GmbH, 4.38%, 07/15/27^(d)	EUR		205		200,646
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27^(b)(g)	USD		1,433		1,352,895


					4,567,503

Marine Transportation — 0.0%
Huntington Ingalls Industries, Inc., 4.20%, 05/01/30^(g)			178		166,595


Media — 7.6%
Altice Financing SA
3.00%, 01/15/28^(d)	EUR		100		86,343
5.00%, 01/15/28^(b)(g)	USD		378		307,390
5.75%, 08/15/29^(b)(g)			1,324		1,052,580
AMC Networks, Inc.
4.75%, 08/01/25			189		167,613
4.25%, 02/15/29			123		75,622
Block Communications, Inc., 4.88%, 03/01/28^(b)			92		79,496
Cable One, Inc.
0.00%, 03/15/26^(h)(i)			88		69,432
1.13%, 03/15/28^(h)			620		453,220
4.00%, 11/15/30^(b)(g)			298		242,563
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 05/01/27^(b)(g)			565		533,925
6.38%, 09/01/29^(b)(g)			734		700,970
4.75%, 03/01/30^(b)(g)			287		248,655
4.25%, 02/01/31^(b)(g)			764		624,692
7.38%, 03/01/31^(b)(g)			304		299,250
4.75%, 02/01/32^(b)(g)			433		363,656
4.50%, 05/01/32^(g)			211		172,560
4.50%, 06/01/33^(b)			260		209,313
4.25%, 01/15/34^(b)(g)			921		720,333
Charter Communications Operating LLC/Charter Communications Operating Capital^(g)
4.91%, 07/23/25			2,425		2,400,800
5.38%, 05/01/47			425		350,646
Clear Channel International BV, 6.63%, 08/01/25^(b)(g)			384		373,664
Clear Channel Outdoor Holdings, Inc.^(b)(g)
5.13%, 08/15/27			1,711		1,535,622
7.75%, 04/15/28			956		717,000
7.50%, 06/01/29			829		589,170
CMG Media Corp., 8.88%, 12/15/27^(b)(g)			498		376,488
Comcast Corp., 3.95%, 10/15/25^(g)			3,000		2,966,198
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26^(b)(g)			1,866		1,754,040
CSC Holdings LLC
5.25%, 06/01/24^(g)			164		158,260
5.50%, 04/15/27^(b)			200		168,420
6.50%, 02/01/29^(b)(g)			865		718,393
4.13%, 12/01/30^(b)(g)			899		645,653
3.38%, 02/15/31^(b)(g)			257		177,754
4.50%, 11/15/31^(b)(g)			875		630,884
Directv Financing LLC/Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/27^(b)(g)			459		415,716
Discovery Communications LLC, 3.45%, 03/15/25^(g)			170		163,253


Security		Par (000)		Value

Media (continued)
DISH DBS Corp.^(g)
7.75%, 07/01/26	USD		601	$	396,660
5.25%, 12/01/26^(b)			1,323		1,055,615
5.75%, 12/01/28^(b)			578		431,333
DISH Network Corp., 11.75%, 11/15/27^(b)(g)			179		173,630
Frontier Communications Holdings LLC^(b)(g)
5.88%, 10/15/27			267		242,730
5.00%, 05/01/28			668		579,664
8.75%, 05/15/30			1,028		1,023,898
GCI LLC, 4.75%, 10/15/28^(b)			107		92,312
Iliad Holding SASU^(b)(g)
6.50%, 10/15/26			1,423		1,356,147
7.00%, 10/15/28			743		704,951
Interpublic Group of Cos., Inc., 5.40%, 10/01/48^(g)			200		192,480
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)(g)			360		340,020
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(l)			389		93,131
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(b)(g)			232		152,540
Live Nation Entertainment, Inc.^(b)
4.88%, 11/01/24			31		30,380
5.63%, 03/15/26			16		15,480
6.50%, 05/15/27^(g)			1,582		1,598,997
4.75%, 10/15/27^(g)			288		266,400
3.75%, 01/15/28			196		175,420
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27^(b)			177		160,185
Network i2i Ltd., (5 year CMT + 4.27%), 5.65%^(a)(d)(g)(k)			300		283,556
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27^(g)			558		502,663
4.25%, 01/15/29^(g)			230		190,900
4.63%, 03/15/30			81		67,551
Radiate Holdco LLC/Radiate Finance, Inc.^(b)(g)
4.50%, 09/15/26			995		778,587
6.50%, 09/15/28			1,708		700,280
Sable International Finance Ltd., 5.75%, 09/07/27^(b)			200		186,350
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)(g)			495		399,094
Sirius XM Radio, Inc.^(b)(g)
3.13%, 09/01/26			491		442,882
5.00%, 08/01/27			812		760,203
4.00%, 07/15/28			244		209,581
Stagwell Global LLC, 5.63%, 08/15/29^(b)			101		88,571
Summer BC Holdco B SARL, 5.75%, 10/31/26^(d)	EUR		100		94,351
Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25^(d)(l)			113		94,401
TEGNA, Inc., 4.75%, 03/15/26^(b)	USD		45		42,687
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28^(b)			200		184,000
Univision Communications, Inc.^(b)
5.13%, 02/15/25			133		130,630
6.63%, 06/01/27			234		221,879
7.38%, 06/30/30^(g)			209		197,597
UPC Broadband Finco BV, 4.88%, 07/15/31^(b)(g)			449		388,264
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)(g)			754		670,118
VZ Secured Financing BV, 3.50%, 01/15/32^(d)	EUR		100		86,280


Security		Par (000)		Value

Media (continued)
Warnermedia Holdings, Inc., 6.41%, 03/15/26	USD		90	$	90,454
Ziggo Bond Co. BV^(b)(g)
6.00%, 01/15/27			199		183,599
5.13%, 02/28/30			225		180,912
Ziggo BV, 4.88%, 01/15/30^(b)(g)			200		170,500


					36,977,437

Metals & Mining — 1.8%
ABJA Investment Co. Pte. Ltd., 5.95%, 07/31/24^(d)			250		248,125
Arconic Corp.^(b)
6.00%, 05/15/25			83		83,000
6.13%, 02/15/28^(g)			378		371,841
ATI, Inc.
5.88%, 12/01/27			171		167,050
4.88%, 10/01/29			101		91,915
5.13%, 10/01/31			273		248,430
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)(g)			1,143		1,134,267
Carpenter Technology Corp.
6.38%, 07/15/28			81		79,008
7.63%, 03/15/30^(g)			326		337,196
Commercial Metals Co.
4.13%, 01/15/30			31		27,362
4.38%, 03/15/32			37		31,828
Constellium SE
4.25%, 02/15/26^(d)	EUR		100		105,223
5.88%, 02/15/26^(b)(g)	USD		588		588,647
5.63%, 06/15/28^(b)(g)			500		472,013
3.75%, 04/15/29^(b)(g)			756		654,855
JSW Steel Ltd., 5.95%, 04/18/24^(d)			200		196,500
Kaiser Aluminum Corp.^(b)(g)
4.63%, 03/01/28			163		145,074
4.50%, 06/01/31			347		284,960
New Gold, Inc., 7.50%, 07/15/27^(b)(g)			545		524,601
Novelis Corp.^(b)(g)
3.25%, 11/15/26			809		739,317
4.75%, 01/30/30			951		873,774
3.88%, 08/15/31			1,030		867,507
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29^(d)	EUR		200		188,580
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(b)	USD		122		108,935
Stillwater Mining Co., 4.00%, 11/16/26^(d)			200		178,500
Vedanta Resources Finance II PLC, 13.88%, 01/21/24^(d)			200		160,163


					8,908,671

Offshore Drilling & Other Services — 0.5%
Applied Materials, Inc., 3.90%, 10/01/25^(g)			285		281,221
Entegris Escrow Corp., 4.75%, 04/15/29^(b)(g)			1,872		1,769,794
Entegris, Inc.^(b)
4.38%, 04/15/28			246		222,243
3.63%, 05/01/29			158		136,379


					2,409,637

Oil, Gas & Consumable Fuels — 9.2%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)(g)			728		714,328
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)
5.75%, 03/01/27			298		291,152
5.75%, 01/15/28			59		56,640


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		206	$	193,875
Apache Corp.
4.25%, 01/15/30^(g)			177		161,513
5.10%, 09/01/40^(g)			269		227,978
5.35%, 07/01/49			137		105,879
Arcosa, Inc., 4.38%, 04/15/29^(b)(g)			374		332,621
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
9.00%, 11/01/27^(g)			580		704,559
5.88%, 06/30/29			210		185,325
Buckeye Partners LP
4.13%, 03/01/25^(b)			262		247,830
5.85%, 11/15/43			145		109,488
5.60%, 10/15/44			86		60,900
Callon Petroleum Co.
8.25%, 07/15/25			44		43,692
6.38%, 07/01/26			162		153,900
8.00%, 08/01/28^(b)(g)			1,085		1,074,909
7.50%, 06/15/30^(b)(g)			599		563,060
Cellnex Finance Co. SA, 1.25%, 01/15/29^(d)	EUR		100		88,705
Cheniere Energy Partners LP^(g)
4.50%, 10/01/29	USD		716		665,172
4.00%, 03/01/31			619		550,873
3.25%, 01/31/32			639		527,891
Chesapeake Energy Corp.^(b)
5.88%, 02/01/29			41		39,027
6.75%, 04/15/29^(g)			459		455,677
Civitas Resources, Inc., 5.00%, 10/15/26^(b)			88		82,721
CNX Midstream Partners LP, 4.75%, 04/15/30^(b)			96		82,560
CNX Resources Corp.^(b)
6.00%, 01/15/29			66		61,710
7.38%, 01/15/31^(g)			189		186,165
Comstock Resources, Inc.^(b)(g)
6.75%, 03/01/29			647		592,031
5.88%, 01/15/30			469		402,940
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(b)(g)			1,617		1,453,440
Crescent Energy Finance LLC^(b)(g)
7.25%, 05/01/26			708		665,520
9.25%, 02/15/28			254		243,522
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.^(b)
5.63%, 05/01/27			52		50,097
6.00%, 02/01/29			277		263,701
8.00%, 04/01/29			45		45,900
7.38%, 02/01/31			96		96,000
CrownRock LP/CrownRock Finance, Inc.^(b)
5.63%, 10/15/25^(g)			685		671,340
5.00%, 05/01/29			44		40,991
DCP Midstream Operating LP^(b)
6.45%, 11/03/36			162		168,017
6.75%, 09/15/37^(g)			295		319,995
Diamondback Energy, Inc., 6.25%, 03/15/33^(g)			602		636,180
DT Midstream, Inc.^(b)(g)
4.13%, 06/15/29			328		287,558
4.38%, 06/15/31			418		364,157
Dycom Industries, Inc., 4.50%, 04/15/29^(b)			119		107,398


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Earthstone Energy Holdings LLC, 8.00%, 04/15/27^(b)(g)	USD		272	$	263,929
Ecopetrol SA
8.88%, 01/13/33			122		123,068
5.88%, 05/28/45			78		53,430
eG Global Finance PLC^(b)(g)
6.75%, 02/07/25			396		366,514
8.50%, 10/30/25			252		235,877
Enbridge, Inc., (3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78^(a)(g)			1,565		1,423,209
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28^(b)(g)			386		383,105
Energy Transfer LP^(g)
3.90%, 07/15/26			235		226,005
3.75%, 05/15/30			810		747,477
Series H, (5 year CMT + 5.69%), 6.50%^(a)(k)			456		401,280
EnLink Midstream LLC
5.63%, 01/15/28^(b)(g)			348		341,040
5.38%, 06/01/29			272		261,800
6.50%, 09/01/30^(b)			231		233,590
EnLink Midstream Partners LP
4.15%, 06/01/25			7		6,790
4.85%, 07/15/26			115		110,688
5.60%, 04/01/44			226		184,454
5.45%, 06/01/47			60		47,819
EQM Midstream Partners LP
6.00%, 07/01/25^(b)			128		126,540
4.13%, 12/01/26			100		90,814
6.50%, 07/01/27^(b)(g)			364		352,818
4.50%, 01/15/29^(b)			21		17,850
7.50%, 06/01/30^(b)			84		81,375
4.75%, 01/15/31^(b)(g)			506		419,980
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25			112		108,489
7.75%, 02/01/28			164		159,009
8.88%, 04/15/30			153		154,913
Gulfport Energy Corp., 8.00%, 05/17/26^(b)			37		36,630
Harvest Midstream I LP, 7.50%, 09/01/28^(b)			60		59,839
Hess Corp., 4.30%, 04/01/27			50		48,806
Hess Midstream Operations LP, 4.25%, 02/15/30^(b)(g)			240		214,344
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)
6.25%, 11/01/28			145		137,603
5.75%, 02/01/29			214		196,997
6.00%, 02/01/31			16		14,732
HPCL-Mittal Energy Ltd., 5.45%, 10/22/26^(d)			200		188,913
HTA Group Ltd., 7.00%, 12/18/25^(b)			200		189,875
IHS Holding Ltd., 6.25%, 11/29/28^(b)			200		159,600
Impulsora Pipeline LLC, 6.05%, 12/31/42^(c)			1,345		1,209,481
ITT Holdings LLC, 6.50%, 08/01/29^(b)(g)			343		289,602
Kinder Morgan, Inc., 4.80%, 02/01/33^(g)			517		498,815
Kinetik Holdings LP, 5.88%, 06/15/30^(b)(g)			533		513,012
Leviathan Bond Ltd., 5.75%, 06/30/23^(b)(d)			58		58,025
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26^(b)			32		31,115
Matador Resources Co., 5.88%, 09/15/26			436		430,166
Medco Bell Pte. Ltd., 6.38%, 01/30/27^(d)			250		226,250
MPLX LP, 4.25%, 12/01/27			185		179,139
Murphy Oil Corp.
5.75%, 08/15/25			14		13,826
5.88%, 12/01/27			56		54,540


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Murphy Oil Corp. (continued)
6.13%, 12/01/42	USD		29	$	24,027
Murphy Oil USA, Inc., 4.75%, 09/15/29			146		132,993
Nabors Industries Ltd.^(b)
7.25%, 01/15/26			199		189,796
7.50%, 01/15/28^(g)			296		273,179
Nabors Industries, Inc.^(g)
5.75%, 02/01/25			968		937,750
7.38%, 05/15/27^(b)			377		369,226
New Fortress Energy, Inc.^(b)(g)
6.75%, 09/15/25			783		753,637
6.50%, 09/30/26			1,366		1,256,720
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26^(b)(g)			190		183,328
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)(g)			227		250,146
Northern Oil & Gas, Inc., 8.13%, 03/01/28^(b)(g)			1,202		1,192,324
NuStar Logistics LP
6.00%, 06/01/26			163		159,774
6.38%, 10/01/30			25		23,988
Occidental Petroleum Corp.
6.95%, 07/01/24			30		30,378
5.88%, 09/01/25			117		117,909
8.88%, 07/15/30^(g)			266		309,395
6.63%, 09/01/30^(g)			713		750,910
6.13%, 01/01/31			26		26,975
7.50%, 05/01/31			94		103,673
6.45%, 09/15/36^(g)			271		284,938
6.20%, 03/15/40^(g)			899		903,855
4.63%, 06/15/45			28		22,428
6.60%, 03/15/46			208		218,688
4.40%, 04/15/46			105		83,213
4.20%, 03/15/48			34		26,350
PDC Energy, Inc.
6.13%, 09/15/24			75		74,625
5.75%, 05/15/26			235		228,761
Permian Resources Operating LLC^(b)
5.38%, 01/15/26			52		49,287
7.75%, 02/15/26^(g)			613		614,532
6.88%, 04/01/27			177		173,163
5.88%, 07/01/29^(g)			392		371,181
Petroleos Mexicanos
6.50%, 03/13/27			130		117,468
8.75%, 06/02/29^(g)			130		119,970
5.95%, 01/28/31			158		120,222
6.70%, 02/16/32^(g)			97		76,902
Precision Drilling Corp., 6.88%, 01/15/29^(b)			12		10,890
Puma International Financing SA, 5.13%, 10/06/24^(b)			200		187,000
Range Resources Corp., 4.88%, 05/15/25			14		13,726
Rockcliff Energy II LLC, 5.50%, 10/15/29^(b)(g)			196		173,708
Rockies Express Pipeline LLC, 4.95%, 07/15/29^(b)			51		45,433
SM Energy Co.
5.63%, 06/01/25			175		169,679
6.75%, 09/15/26^(g)			156		152,983
6.63%, 01/15/27			21		20,174
6.50%, 07/15/28^(g)			163		155,544
Southwestern Energy Co.
5.70%, 01/23/25			18		18,009
5.38%, 02/01/29^(g)			252		237,510
4.75%, 02/01/32			5		4,415


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Sunoco LP/Sunoco Finance Corp.
6.00%, 04/15/27	USD		63	$	62,199
5.88%, 03/15/28			124		119,040
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(b)
7.50%, 10/01/25			13		12,994
6.00%, 03/01/27			41		38,810
5.50%, 01/15/28			72		65,834
6.00%, 12/31/30			28		25,024
6.00%, 09/01/31			131		115,839
Tap Rock Resources LLC, 7.00%, 10/01/26^(b)(g)			768		672,813
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28^(g)			280		267,829
Transocean Titan Financing Ltd., 8.38%, 02/01/28^(b)			175		180,087
Transocean, Inc.^(b)
7.50%, 01/15/26^(g)			235		213,371
11.50%, 01/30/27			206		212,757
8.75%, 02/15/30^(g)			972		991,440
Venture Global Calcasieu Pass LLC^(b)(g)
3.88%, 08/15/29			870		784,740
4.13%, 08/15/31			770		676,507
3.88%, 11/01/33			1,442		1,211,280
Vermilion Energy, Inc., 6.88%, 05/01/30^(b)			159		144,800
Vivo Energy Investments BV, 5.13%, 09/24/27^(b)			200		182,538
Western Midstream Operating LP
6.15%, 04/01/33			75		76,017
5.45%, 04/01/44^(g)			339		295,615
5.30%, 03/01/48^(g)			199		168,615
5.50%, 08/15/48			99		85,256
5.50%, 02/01/50^(g)			795		674,557


					45,088,854

Passenger Airlines — 1.3%
Air Canada, 3.88%, 08/15/26^(b)(g)			464		421,313
Allegiant Travel Co., 7.25%, 08/15/27^(b)			113		112,491
American Airlines, Inc.^(b)
11.75%, 07/15/25^(g)			925		1,011,987
7.25%, 02/15/28			84		81,690
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b)
5.50%, 04/20/26			226		222,574
5.75%, 04/20/29^(g)			1,135		1,088,545
Avianca Midco 2 PLC, 9.00%, 12/01/28^(b)			151		124,176
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)(g)			249		236,389
International Consolidated Airlines Group SA, 1.50%, 07/04/27^(d)	EUR		100		89,130
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)(g)	USD		887		884,542
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25^(b)			256		257,649
United Airlines Pass-Through Trust^(g)
Series 2020-1, Class A, 5.88%, 04/15/29			531		528,836
Series 2020-1, Class B, 4.88%, 07/15/27			36		34,972
United Airlines, Inc.^(b)(g)
4.38%, 04/15/26			541		517,582
4.63%, 04/15/29			690		624,106


					6,235,982

Pharmaceuticals — 1.0%
AbbVie, Inc., 4.25%, 11/14/28^(g)			1,000		993,950


Security	Par (000)			Value

Pharmaceuticals (continued)
Bayer AG, (5 year EUR Swap + 3.75%), 4.50%, 03/25/82^(a)(d)		EUR	100	$	100,308
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28^(d)			100		100,638
CVS Health Corp., 3.75%, 04/01/30^(g)		USD	1,000		935,494
Gruenenthal GmbH, 4.13%, 05/15/28^(d)		EUR	100		98,147
Jazz Securities DAC, 4.38%, 01/15/29^(b)(g)		USD	200		184,000
Option Care Health, Inc., 4.38%, 10/31/29^(b)			245		216,357
Organon & Co./Organon Foreign Debt Co.-Issuer BV^(b)(g)
4.13%, 04/30/28			428		391,239
5.13%, 04/30/31			398		353,282
PRA Health Sciences, Inc., 2.88%, 07/15/26^(b)(g)			484		446,446
Teva Pharmaceutical Finance Netherlands II BV, 7.38%, 09/15/29		EUR	100		109,498
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26		USD	168		151,095
4.75%, 05/09/27^(g)			400		372,000
7.88%, 09/15/29			200		208,500
8.13%, 09/15/31			200		209,350


					4,870,304

Real Estate — 0.0%
VICI Properties LP/VICI Note Co., Inc., 4.50%, 01/15/28^(b)			98		90,753


Real Estate Management & Development — 0.5%
Agps Bondco PLC, 2.75%, 11/13/26^(d)(e)(j)		EUR	100		41,927
CIFI Holdings Group Co. Ltd., 6.00%, 07/16/25^(d)(e)(j)		USD	200		41,000
Country Garden Holdings Co. Ltd., 6.50%, 04/08/24^(d)			200		159,000
Easy Tactic Ltd., (6.50% Cash or 7.50% PIK), 7.50%, 07/11/27^(l)			218		50,106
Fantasia Holdings Group Co. Ltd.^(d)(e)(j)
11.75%, 04/17/22			400		41,000
11.88%, 06/01/23			200		20,500
9.25%, 07/28/23			200		20,500
9.88%, 10/19/23			200		20,500
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(b)			100		97,406
Howard Hughes Corp.^(b)
5.38%, 08/01/28			79		71,938
4.13%, 02/01/29			149		126,193
4.38%, 02/01/31			140		112,700
Jingrui Holdings Ltd., 12.00%, 07/25/22^(d)(e)(j)			200		17,091
Modern Land China Co. Ltd.^(d)(e)(j)(l)
7.00%, 12/30/23			162		11,721
9.00%, 12/30/27			324		21,216
Realogy Group LLC/Realogy Co.-Issuer Corp.^(b)
5.75%, 01/15/29			456		341,298
5.25%, 04/15/30			135		98,399
Ronshine China Holdings Ltd., 6.75%, 08/05/24^(d)(e)(j)			200		13,500
Sinic Holdings Group Co. Ltd., 10.50%, 06/18/22^(e)(j)			200		2,000
Theta Capital Pte. Ltd., 8.13%, 01/22/25^(d)			200		160,662
VICI Properties LP, 5.13%, 05/15/32^(g)			851		801,761
Yanlord Land HK Co. Ltd., 6.80%, 02/27/24^(d)(g)			200		194,000


Security	Par (000)			Value

Real Estate Management & Development (continued)
Yuzhou Group Holdings Co. Ltd.^(d)(e)(j)
7.70%, 02/20/25		USD	200	$	17,500
8.30%, 05/27/25			200		17,500


					2,499,418

Semiconductors & Semiconductor Equipment — 1.1%
Broadcom, Inc.^(g)
4.11%, 09/15/28			1,594		1,523,127
4.30%, 11/15/32			400		368,537
3.42%, 04/15/33^(b)			241		201,647
Marvell Technology, Inc., 2.95%, 04/15/31^(g)			233		194,567
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25			33		31,263
QUALCOMM, Inc., 1.65%, 05/20/32^(g)			1,779		1,441,599
Sensata Technologies B.V.^(b)
5.63%, 11/01/24^(g)			229		228,318
5.00%, 10/01/25			324		321,627
4.00%, 04/15/29			168		151,784
5.88%, 09/01/30			237		234,926
Sensata Technologies, Inc.^(b)
4.38%, 02/15/30^(g)			584		532,117
3.75%, 02/15/31			34		29,750
Synaptics, Inc., 4.00%, 06/15/29^(b)(g)			172		148,115


					5,407,377

Software — 2.1%
ACI Worldwide, Inc., 5.75%, 08/15/26^(b)(g)			444		439,560
Alteryx, Inc., 8.75%, 03/15/28			228		229,475
Black Knight InfoServ LLC, 3.63%, 09/01/28^(b)(g)			386		350,778
Boxer Parent Co., Inc.
6.50%, 10/02/25^(d)		EUR	100		107,172
7.13%, 10/02/25^(b)(g)		USD	398		396,103
9.13%, 03/01/26^(b)(g)			678		657,470
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29^(b)(g)			517		508,148
Cloud Software Group Holdings, Inc., 6.50%, 03/31/29^(b)(g)			2,864		2,533,506
Crowdstrike Holdings, Inc., 3.00%, 02/15/29			41		35,782
Elastic NV, 4.13%, 07/15/29^(b)(g)			376		321,010
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28^(b)			200		162,493
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(b)			197		169,170
MicroStrategy, Inc., 6.13%, 06/15/28^(b)(g)			451		400,263
Open Text Corp., 6.90%, 12/01/27^(b)(g)			871		898,524
Oracle Corp.^(g)
6.25%, 11/09/32			1,000		1,075,551
3.60%, 04/01/50			785		556,796
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)(g)			1,017		986,794
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)(g)			609		458,431


					10,287,026

Specialized REITs — 0.1%
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28^(b)(g)			480		465,600


Specialty Retail^(b)— 0.3%
Arko Corp., 5.13%, 11/15/29			181		149,812
PetSmart, Inc./PetSmart Finance Corp.
4.75%, 02/15/28			343		321,991


Security	Par (000)			Value

Specialty Retail (continued)
PetSmart, Inc./PetSmart Finance Corp. (continued)
7.75%, 02/15/29^(g)		USD	587	$	576,205
Staples, Inc., 7.50%, 04/15/26			411		360,089


					1,408,097

Technology Hardware, Storage & Peripherals — 0.1%
Coherent Corp., 5.00%, 12/15/29^(b)(g)			422		383,049


Textiles, Apparel & Luxury Goods^(b)— 0.1%
Crocs, Inc., 4.25%, 03/15/29			25		21,928
Hanesbrands, Inc., 9.00%, 02/15/31			283		289,721
Kontoor Brands, Inc., 4.13%, 11/15/29			98		84,102
William Carter Co., 5.63%, 03/15/27			160		155,514


					551,265

Transportation Infrastructure — 0.2%
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29^(b)			200		194,375
Azzurra Aeroporti SpA, 2.63%, 05/30/27^(d)		EUR	100		95,600
GMR Hyderabad International Airport Ltd., 4.25%, 10/27/27^(d)		USD	200		173,918
Heathrow Finance PLC, 4.38%, 09/01/29^(d)(m)		GBP	100		102,389
Mexico City Airport Trust, 5.50%, 07/31/47^(d)		USD	200		152,760
Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26^(b)(g)			435		422,698


					1,141,740

Utilities — 0.4%
American Water Capital Corp., 4.45%, 06/01/32^(g)			900		886,169
Consensus Cloud Solutions, Inc.^(b)
6.00%, 10/15/26			71		61,682
6.50%, 10/15/28			64		53,075
FEL Energy VI SARL, 5.75%, 12/01/40			185		151,528
Mong Duong Finance Holdings BV, 5.13%, 05/07/29^(d)			250		210,672
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)(g)			352		322,025
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33^(d)			162		157,832
Vistra Operations Co. LLC^(b)
5.50%, 09/01/26			19		18,446
5.00%, 07/31/27			10		9,455
4.38%, 05/01/29			140		123,958


					1,994,842

Wireless Telecommunication Services — 1.1%
Altice France SA/France
5.88%, 02/01/27^(d)		EUR	100		95,640
8.13%, 02/01/27^(b)(g)		USD	507		469,330
5.50%, 01/15/28^(b)(g)			381		313,010
5.13%, 01/15/29^(b)			200		152,406
5.13%, 07/15/29^(b)(g)			702		528,255
5.50%, 10/15/29^(b)			572		437,383
Kenbourne Invest SA, 6.88%, 11/26/24^(b)			275		206,216
Rogers Communications, Inc., 5.00%, 03/15/44^(g)			545		491,516
SBA Communications Corp., 3.13%, 02/01/29^(g)			343		298,389
Sprint LLC, 7.63%, 03/01/26^(g)			506		535,085
VICI Properties LP/VICI Note Co., Inc.^(b)
5.63%, 05/01/24			54		53,528
3.50%, 02/15/25			108		102,353
4.63%, 06/15/25			120		116,018
4.25%, 12/01/26			104		97,034
4.63%, 12/01/29^(g)			414		376,870


Security	Par (000)			Value

Wireless Telecommunication Services (continued)
VICI Properties LP/VICI Note Co., Inc.^(b)(continued)
4.13%, 08/15/30^(g)		USD	378	$	333,882
Vmed O2 U.K. Financing I PLC
4.00%, 01/31/29^(d)		GBP	100		101,772
4.50%, 07/15/31^(d)			100		98,071
4.75%, 07/15/31^(b)(g)		USD	597		511,760


					5,318,518


Total Corporate Bonds — 70.5% (Cost: $372,808,334)					345,236,924


Floating Rate Loan Interests^(a)

Aerospace & Defense — 1.4%
Atlas CC Acquisition Corp.
Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.25%), 9.40%, 05/25/28			1,238		1,060,472
Term Loan C, (3 mo. SOFR CME at 0.75% Floor + 4.25%), 9.40%, 05/25/28			252		215,688
Bleriot U.S. Bidco, Inc., 2021 Term Loan B, (3 mo. LIBOR US + 4.00%), 9.16%, 10/31/26			283		282,614
Cobham Ultra U.S. Co-Borrower LLC, USD Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 3.50%), 8.56%, 08/03/29			154		150,595
Dynasty Acquisition Co., Inc.
2020 CAD Term Loan B2, (1 mo. SOFR CME + 3.50%), 8.41%, 04/06/26			596		580,906
2020 Term Loan B1, (1 mo. SOFR CME + 3.50%), 8.41%, 04/06/26			1,108		1,080,600
Peraton Corp.
2nd Lien Term Loan B1, (3 mo. LIBOR US at 0.75% Floor + 7.75%), 12.65%, 02/01/29			455		441,408
Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 02/01/28			1,848		1,821,471
TransDigm, Inc., 2023 Term Loan I, (3 mo. SOFR CME + 3.25%), 8.15%, 08/24/28			1,094		1,089,763


					6,723,517

Air Freight & Logistics — 0.2%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.45%, 04/06/28			273		262,841
Kestrel Bidco, Inc., Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.00%), 7.86%, 12/11/26			176		168,936
PECF USS Intermediate Holding III Corp., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 12/15/28			531		445,169


					876,946

Automobile Components — 0.7%
Adient U.S. LLC, 2021 Term Loan B, (1 mo. LIBOR US + 3.25%), 8.09%, 04/10/28			216		214,874
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR US + 3.25%), 8.09%, 04/30/26			2,276		2,258,596
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 02/05/26			1,038		1,016,283

					3,489,753


Security		Par (000)		Value

Banks — 0.4%
DirecTV Financing LLC, Term Loan, (1 mo. LIBOR US at 0.75% Floor + 5.00%), 9.84%, 08/02/27	USD		1,175	$	1,127,991
LABL, Inc., 2021 USD 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.00%), 9.84%, 10/29/28			606		586,619


					1,714,610

Beverages — 0.5%
Naked Juice LLC
2nd Lien Term Loan, (3 mo. SOFRTE at 0.50% Floor + 6.00%), 11.00%, 01/24/30			861		642,207
Term Loan, (3 mo. SOFRTE at 0.50% Floor + 3.25%), 8.25%, 01/24/29			2,213		1,940,914


					2,583,121

Building Materials — 0.0%
Cornerstone Building Brands, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 7.93%, 04/12/28			76		66,439


Building Products — 0.8%
CP Atlas Buyer, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.41%, 11/23/27			798		705,588
CPG International LLC, 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.41%, 04/28/29			358		353,124
Jeld-Wen, Inc., 2021 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 07/28/28			334		322,726
New AMI I LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 6.00%), 10.81%, 03/08/29			393		337,055
Standard Industries, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.00%), 7.12%, 09/22/28			668		663,584
Wilsonart LLC, 2021 Term Loan E, (6 mo. LIBOR US at 1.00% Floor + 3.25%), 8.46%, 12/31/26			1,462		1,404,778


					3,786,855

Capital Markets — 1.4%
Ascensus Holdings, Inc.
2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 6.50%), 11.31%, 08/02/29			380		339,124
Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.38%, 08/02/28			1,498		1,451,253
Castlelake Aviation One DAC, 2023 Incremental Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.75%), 7.78%, 10/22/27			323		318,142
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.75%), 8.65%, 04/09/27			2,494		2,410,926
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 6.75%), 11.91%, 04/07/28			792		725,337
Eagle Broadband Investments LLC, Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.00%), 8.19%, 11/12/27			572		559,986


Security		Par (000)		Value

Capital Markets (continued)
Focus Financial Partners LLC, 2021 Term Loan B4, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 06/30/28	USD		624	$	612,765
Greenhill & Co., Inc., Term Loan B, (3 mo. LIBOR US + 3.25%), 8.20%, 04/12/24			220		214,830


					6,632,363

Chemicals — 2.2%
Arc Falcon I, Inc.
2021 Delayed Draw Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/02/28			76		68,010
2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 09/30/28			586		459,876
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.75%), 9.71%, 08/27/26			1,028		1,008,669
Axalta Coating Systems U.S. Holdings, Inc., 2022 USD Term Loan B4, (3 mo. SOFR CME at 0.50% Floor + 3.00%), 7.90%, 12/20/29			556		556,559
CPC Acquisition Corp., Term Loan, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.91%, 12/29/27			251		190,443
Discovery Purchaser Corp., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.375%), 8.96%, 10/04/29			570		538,485
Element Solutions, Inc., 2019 Term Loan B1, (1 mo. LIBOR US + 2.00%), 6.81%, 01/31/26			842		838,745
HB Fuller Co., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 02/15/30			150		150,516
Illuminate Buyer LLC, 2021 Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 06/30/27			410		402,820
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (3 mo. SOFR CME + 3.50%), 8.41%, 02/18/30			298		296,030
Lonza Group AG, USD Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 4.00%), 9.16%, 07/03/28			396		366,071
LSF11 A5 Holdco LLC, Term Loan, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.42%, 10/15/28			891		862,362
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. SOFR CME + 2.50%), 7.66%, 03/02/26			600		597,488
Momentive Performance Materials, Inc., 2023 Term Loan, 03/31/28^(c)(n)			975		953,063
OQ Chemicals Corp., 2017 USD Term Loan B2, (1 mo. LIBOR US + 3.25%), 8.00%, 10/14/24			949		920,548
PQ Corp., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.50%), 7.33%, 06/09/28			665		658,814
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 4.00%), 8.83%, 03/16/27			429		417,929
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 7.92%, 08/02/28			797		787,242
Starfruit Finco BV, 2018 USD Term Loan B, (3 mo. SOFR CME + 2.75%), 7.53%, 10/01/25			90		89,043
W.R. Grace Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.94%, 09/22/28			449		444,158


					10,606,871


Security		Par (000)		Value

Commercial Services & Supplies — 2.0%
Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 05/12/28	USD		1,588	$	1,505,476
Amentum Government Services Holdings LLC, 2022 Term Loan, (3 mo. SOFR CME + 4.00%), 8.91%, 02/15/29			326		317,538
Aramark Services, Inc.
2018 Term Loan B3, (1 mo. LIBOR US + 1.75%), 6.59%, 03/11/25			375		373,120
2021 Term Loan B, (1 mo. LIBOR US + 2.50%), 7.34%, 04/06/28			383		381,390
Asurion LLC
2020 Term Loan B8, (1 mo. LIBOR US + 3.25%), 8.09%, 12/23/26			749		693,185
2021 2nd Lien Term Loan B3, (1 mo. LIBOR US + 5.25%), 10.09%, 01/31/28			364		301,756
2021 Second Lien Term Loan B4, (1 mo. LIBOR US + 5.25%), 10.09%, 01/20/29			646		531,012
2023 Term Loan B11, (1 mo. SOFR CME + 4.25%), 9.16%, 08/19/28			470		434,937
Clean Harbors, Inc., 2021 Incremental Term Loan B, (1 mo. LIBOR US + 2.00%), 6.84%, 10/08/28			421		422,042
Covanta Holding Corp.
2021 Term Loan C, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 11/30/28			36		36,278
2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 11/30/28			482		479,464
Creative Artists Agency LLC, 2023 Term Loan B, (1 mo. SOFR CME + 3.50%), 8.31%, 11/27/28			735		731,634
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 3.75%), 8.91%, 05/09/25			170		163,506
GFL Environmental, Inc., 2023 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.00%), 7.91%, 05/28/27			607		607,066
Packers Holdings LLC, 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.25%), 8.09%, 03/09/28			494		445,765
Prime Security Services Borrower LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.52%, 09/23/26			757		753,307
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR US + 4.00%), 8.84%, 08/27/25			1,258		1,255,132
Viad Corp., Initial Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.00%), 9.92%, 07/30/28			550		524,021


					9,956,629

Communications Equipment — 0.2%
Ciena Corp., 2023 Term Loan B, (1 mo. SOFR CME + 2.50%), 7.19%, 01/18/30			113		112,789
ViaSat, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.42%, 03/02/29			789		764,274


					877,063


Security		Par (000)		Value

Construction & Engineering — 0.8%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.25%), 9.13%, 06/21/24	USD		1,311	$	1,219,633
Pike Corp., 2021 Incremental Term Loan B, (1 mo. LIBOR US + 3.00%), 7.85%, 01/21/28			424		420,373
SRS Distribution, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 06/02/28			1,815		1,749,142
USIC Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.34%, 05/12/28			705		680,947


					4,070,095

Construction Materials — 0.7%
Core & Main LP, 2021 Term Loan B, (3 mo. LIBOR US + 2.50%), 7.34%, 07/27/28^(c)			1,805		1,791,594
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 03/29/25			1,107		1,102,611
Oscar AcquisitionCo. LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 04/29/29			495		475,560
Tamko Building Products LLC, Term Loan B, (3 mo. LIBOR US + 3.00%), 7.87%, 06/01/26			148		143,976


					3,513,741

Consumer Finance — 0.0%
Credito Real SAB de CV Sofom ENR, Term Loan B, (Defaulted), 0.00%, 05/21/23^(c)(e)(j)			24		1,838


Consumer Staples Distribution & Retail — 0.3%
H-Food Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR US + 3.688%), 8.53%, 05/23/25			234		200,069
U.S. Foods, Inc.
2019 Term Loan B, (1 mo. LIBOR US + 2.00%), 6.84%, 09/13/26			651		647,168
2021 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.59%, 11/22/28			378		376,743


					1,223,980

Containers & Packaging — 0.6%
Charter Next Generation, Inc., 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.67%, 12/01/27			1,628		1,604,843
Mauser Packaging Solutions Holding Co., Term Loan B, (3 mo. SOFR CME + 4.00%), 8.78%, 08/14/26			507		502,112
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. SOFR CME + 3.75%), 8.67%, 07/31/26			135		131,480
Tosca Services LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.42%, 08/18/27			575		441,659
Trident TPI Holdings, Inc., 2021 Incremental Term Loan, (3 mo. LIBOR US at 0.50% Floor + 4.00%), 9.16%, 09/15/28			515		496,588


					3,176,682

Distributors — 0.6%
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. SOFR CME + 2.00%), 6.91%, 01/15/27			767		761,620
CNT Holdings I Corp., 2020 Term Loan, (3 mo. SOFR CME at 0.75% Floor + 3.50%), 8.13%, 11/08/27			768		754,260


Security		Par (000)		Value

Distributors (continued)
Dealer Tire Financial LLC, Term Loan B2, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.31%, 12/14/27	USD		828	$	820,749
Go Daddy Operating Co. LLC, 2022 Term Loan B5, (1 mo. SOFR CME + 3.25%), 8.06%, 11/09/29			653		652,141
PUG LLC, 2021 Incremental Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 02/12/27^(c)			110		78,879


					3,067,649

Diversified Consumer Services — 1.0%
Ascend Learning LLC
2021 2nd Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.75%), 10.66%, 12/10/29			299		256,641
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.41%, 12/11/28			867		798,283
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.25%), 7.17%, 11/24/28			753		740,517
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR US + 3.75%), 8.59%, 07/11/25			300		297,862
OLA Netherlands BV, Term Loan, (1 mo. SOFR CME at 0.75% Floor + 6.25%), 11.11%, 12/15/26			634		598,832
PAI Holdco, Inc., 2020 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.58%, 10/28/27			672		628,491
Sotheby’s, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.50%), 9.33%, 01/15/27			1,204		1,194,913
Voyage Australia Pty. Ltd., USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.50%), 8.40%, 07/20/28			134		132,096


					4,647,635

Diversified REITs — 0.1%
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR US + 2.00%), 6.85%, 05/11/24			722		719,839


Diversified Telecommunication Services — 0.5%
Cablevision Lightpath LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 7.93%, 11/30/27			93		92,017
Consolidated Communications, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.38%, 10/02/27			349		274,343
Frontier Communications Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.63%, 05/01/28			470		444,875
Intelsat Jackson Holdings SA, 2021 Exit Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.50%), 6.78%, 02/01/29			1		493
Iridium Satellite LLC, 2021 Term Loan B2, (1 mo. SOFR CME at 0.75% Floor + 2.50%), 7.41%, 11/04/26			678		677,068


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.67%, 03/01/27	USD		704	$	591,771
Lumen Technologies, Inc., 2020 Term Loan B, (3 mo. SOFR CME + 2.25%), 7.17%, 03/15/27			817		537,027


					2,617,594

Electric Utilities — 0.4%
Constellation Renewables LLC, 2020 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 2.50%), 7.46%, 12/15/27			670		666,127
Triton Water Holdings, Inc., Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 03/31/28			1,662		1,485,197


					2,151,324

Electrical Equipment — 0.4%
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.91%, 06/23/28			626		596,315
AZZ, Inc., Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 4.25%), 9.16%, 05/13/29			109		109,182
Gates Global LLC, 2021 Term Loan B3, (1 mo. SOFR CME at 0.75% Floor + 2.50%), 7.41%, 03/31/27			1,205		1,195,808


					1,901,305

Electronic Equipment, Instruments & Components — 0.2%
Coherent Corp., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.67%, 07/02/29			633		625,565
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 02/12/25^(c)			134		133,559


					759,124

Energy Equipment & Services — 0.3%
Oryx Midstream Services Permian Basin LLC, 2023 Incremental Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 10/05/28			1,483		1,455,272


Entertainment — 0.4%
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.13%, 03/08/30			408		402,900
City Football Group Ltd., Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.78%, 07/21/28			933		888,012
Delta 2 Lux SARL, Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 01/15/30			609		609,256


					1,900,168

Environmental, Maintenance & Security Service — 0.4%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.59%, 09/07/27			1,047		1,040,420
TruGreen LP, 2020 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.84%, 11/02/27			904		833,473


					1,873,893

Financial Services — 2.7%
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			206		198,863


Security		Par (000)		Value

Financial Services (continued)
Advisor Group, Inc., 2021 Term Loan, (1 mo. LIBOR US + 4.50%), 9.34%, 07/31/26	USD		912	$	895,903
AlixPartners LLP, 2021 USD Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.61%, 02/04/28			766		762,459
Altice France SA/France, 2023 USD Term Loan B14, (2 mo. SOFR CME + 5.50%), 10.17%, 08/15/28^(c)			856		812,752
Castlelake Aviation Ltd., Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.62%, 10/22/26			755		747,207
Cogeco Financing 2 LP, 2021 Incremental Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.50%), 7.34%, 09/01/28			670		660,259
Delta TopCo, Inc., 2020 2nd Lien Term Loan, (3 mo. SOFR CME at 0.75% Floor + 7.25%), 12.16%, 12/01/28			186		157,635
EG America LLC, 2018 USD Term Loan, (3 mo. LIBOR US + 4.00%), 8.84%, 02/07/25			1,110		1,058,262
Gainwell Acquisition Corp., Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 9.00%, 10/01/27			1,315		1,252,874
KKR Apple Bidco LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.59%, 09/23/28			243		240,105
LBM Acquisition LLC, Term Loan B, (6 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 12/17/27			391		367,075
Radiate Holdco LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 09/25/26			1,278		1,041,500
RVR Dealership Holdings LLC, Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.75%), 8.55%, 02/08/28			97		82,059
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, (3 mo. LIBOR US + 2.00%), 7.16%, 11/05/28			591		590,409
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR US + 2.50%), 7.33%, 01/23/25			525		518,197
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR US + 4.00%), 8.90%, 07/30/25			307		303,829
Veritas U.S., Inc., 2021 USD Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 5.00%), 9.84%, 09/01/25			1,604		1,212,974
VS Buyer LLC, Term Loan B, (1 mo. LIBOR US + 3.00%), 7.70%, 02/28/27			1,238		1,223,164
White Cap Buyer LLC, Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 10/19/27			778		767,592
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR US + 2.50%), 7.18%, 04/30/28			510		502,916


					13,396,034

Food Products — 1.7%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/01/25			649		569,522
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR US + 2.50%), 7.34%, 10/10/26			134		129,666
Chobani LLC, 2020 Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.50%), 8.42%, 10/25/27^(c)			1,889		1,870,246
Froneri International Ltd., 2020 USD Term Loan, (3 mo. LIBOR US + 2.25%), 7.41%, 01/29/27			1,987		1,956,498


Security		Par (000)		Value

Food Products (continued)
Hostess Brands LLC, 2019 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 2.25%), 7.08%, 08/03/25	USD		818	$	817,259
Nomad Foods U.S. LLC, 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.75%), 8.23%, 11/12/29			426		425,378
Reynolds Group Holdings, Inc., 2020 Term Loan B2, (1 mo. LIBOR US + 3.25%), 8.09%, 02/05/26			230		228,864
Sovos Brands Intermediate, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.33%, 06/08/28^(c)			1,097		1,085,627
UTZ Quality Foods LLC, 2021 Term Loan B, (1 mo. SOFR CME + 3.00%), 7.92%, 01/20/28			1,380		1,371,639


					8,454,699

Gas Utilities — 0.4%
Freeport LNG Investments LLLP, Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.31%, 12/21/28			1,781		1,721,300


Ground Transportation — 0.3%
Avis Budget Car Rental LLC, 2020 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.60%, 08/06/27			287		280,827
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 5.50%), 10.43%, 08/04/25			368		336,686
Uber Technologies, Inc., 2023 Term Loan B, (3 mo. SOFR CME + 2.75%), 7.87%, 02/28/30			818		815,652


					1,433,165

Health Care Equipment & Supplies — 0.8%
Electron BidCo, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 11/01/28			1,233		1,213,586
Insulet Corp., Term Loan B, (1 mo. SOFR CME + 3.25%), 8.17%, 05/04/28			283		282,165
Medline Borrower LP, USD Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 10/23/28			2,610		2,541,856


					4,037,607

Health Care Providers & Services — 0.9%
CHG Healthcare Services, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 09/29/28			463		457,959
Envision Healthcare Corp.
2022 First Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 7.875%), 12.92%, 03/31/27			91		75,896
2022 Second Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 4.25%), 9.15%, 03/31/27			607		144,269
EyeCare Partners LLC
2020 Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 02/18/27			852		691,415
2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 6.75%), 11.59%, 11/15/29			176		132,843
2021 Incremental Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 11/15/28			194		156,858
Femur Buyer, Inc., 1st Lien Term Loan, (3 mo. LIBOR US + 4.50%), 9.66%, 03/05/26			438		391,086
Orbcomm, Inc., Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.25%), 9.15%, 09/01/28			385		312,108
PetVet Care Centers LLC, 2021 Term Loan B3, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.34%, 02/14/25			21		19,773


Security		Par (000)		Value

Health Care Providers & Services (continued)
Sotera Health Holdings LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.58%, 12/11/26	USD		775	$	745,188
Surgery Center Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.46%, 08/31/26			280		277,419
Vizient, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.25%), 7.11%, 05/16/29			126		125,778
WCG Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.00%), 8.95%, 01/08/27			671		631,537


					4,162,129

Health Care Services — 0.2%
Azalea Topco, Inc., Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 07/24/26			805		749,748
Medical Solutions Holdings, Inc., 2021 2nd Lien Term Loan, (3 mo. SOFR CME at 0.50% Floor + 7.00%), 11.99%, 11/01/29			247		223,535


					973,283

Health Care Technology — 0.8%
AthenaHealth Group, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.26%, 02/15/29			1,598		1,493,712
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 10/10/25			308		305,680
Polaris Newco LLC, USD Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.00%), 9.16%, 06/02/28			1,895		1,723,771
Press Ganey Holdings, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 07/24/26			268		250,362


					3,773,525

Hotels, Restaurants & Leisure — 3.8%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR US + 3.75%), 8.59%, 02/02/26			527		501,759
Aristocrat Technologies, Inc., 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.25%), 7.25%, 05/24/29			46		45,529
Bally’s Corp., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 7.96%, 10/02/28			298		283,928
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., Term Loan B4, (1 mo. LIBOR US + 1.75%), 6.59%, 11/19/26			1,372		1,357,094
Caesars Entertainment, Inc., Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 02/06/30			591		587,223
Carnival Corp., USD Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.00%), 7.84%, 06/30/25			1,096		1,079,519
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1 mo. LIBOR US + 2.00%), 6.85%, 03/17/28			483		479,719
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 3.00%), 8.16%, 03/08/24			2,190		1,978,621
Fertitta Entertainment LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.81%, 01/27/29			2,174		2,136,418


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Flutter Financing B.V., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.41%, 07/22/28	USD		621	$	620,073
Four Seasons Hotels Ltd., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 11/30/29			1,360		1,358,564
Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1 mo. SOFR CME + 1.75%), 6.64%, 06/22/26			1,057		1,055,597
IRB Holding Corp., 2022 Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.00%), 7.91%, 12/15/27			1,410		1,384,155
Penn National Gaming, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.66%, 05/03/29			614		611,555
Playa Resorts Holding B.V., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 4.25%), 8.99%, 01/05/29			225		223,814
Playtika Holding Corp., 2021 Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 03/13/28			717		711,526
Scientific Games International, Inc., 2022 USD Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.00%), 7.96%, 04/14/29			613		607,083
SeaWorld Parks & Entertainment, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.88%, 08/25/28			304		302,707
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR US + 2.25%), 7.41%, 07/21/26			559		557,460
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR US at 0.25% Floor + 2.25%), 7.10%, 02/08/27			1,025		1,015,520
Travelport Finance Luxembourg SARL
2020 Super Priority Term Loan, 02/28/25⁽ⁿ⁾			10		10,174
2021 Consented Term Loan, (3 mo. LIBOR US + 6.75%), 10.16%, 05/29/26			489		282,842
Whatabrands LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 08/03/28			1,244		1,228,987
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR US + 1.75%), 6.59%, 05/30/25			199		198,963


					18,618,830

Household Durables — 0.8%
ACProducts Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.25%), 9.41%, 05/17/28			691		546,545
Hunter Douglas, Inc., USD Term Loan B1, (3 mo. SOFR CME + 3.50%), 8.37%, 02/26/29			1,402		1,254,908
Reynolds Consumer Products LLC, Term Loan, (1 mo. SOFR CME + 1.75%), 6.66%, 02/04/27			137		136,128
Serta Simmons Bedding LLC
2020 Super Priority First Out Term Loan, (3 mo. LIBOR US + 7.50%), 12.37%, 08/10/23			185		181,415
2020 Super Priority Second Out Term Loan, (3 mo. LIBOR US at 1.00% Floor + 7.50%), 12.37%, 08/10/23			249		140,803


Security		Par (000)		Value

Household Durables (continued)
Snap One Holdings Corp., Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.50%), 9.66%, 12/08/28^(c)	USD		205	$	186,980
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.75%, 10/06/28			450		377,192
Weber-Stephen Products LLC, Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 10/30/27			1,414		1,211,084


					4,035,055

Household Products — 0.1%
Spectrum Brands, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.00%), 6.96%, 03/03/28			458		453,143


Independent Power and Renewable Electricity Producers — 0.2%
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR US + 2.00%), 6.84%, 01/15/25			871		869,444
Calpine Corp., 2019 Term Loan B10, (1 mo. LIBOR US + 2.00%), 6.84%, 08/12/26			284		281,257


					1,150,701

Industrial Conglomerates — 1.0%
AVSC Holding Corp.
2020 Term Loan B1, (3 mo. LIBOR US at 1.00% Floor + 3.50%), 8.31%, 03/03/25			651		625,241
2020 Term Loan B3, (3 mo. LIBOR US + 15.00%), 15.00%, 10/15/26			363		369,234
Diamond BC BV, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.58%, 09/29/28			1,365		1,358,671
Stitch Aquisition Corp., Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 6.75%), 11.91%, 07/28/28			260		202,831
Vertical U.S. Newco, Inc., Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 3.50%), 8.60%, 07/30/27			1,407		1,368,768
Vertiv Group Corp., 2021 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.42%, 03/02/27			1,226		1,201,920


					5,126,665

Insurance — 2.5%
Alliant Holdings Intermediate LLC
2021 Term Loan B4, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.28%, 11/06/27			2,453		2,421,294
2023 Term Loan B5, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.35%, 11/05/27			1,293		1,275,752
AmWINS Group, Inc.
2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 2.25%), 7.11%, 02/19/28			1,112		1,096,985
2023 Incremental Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 2.75%), 7.66%, 02/19/28			224		223,035
AssuredPartners, Inc.
2020 Term Loan B, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27			1,086		1,073,921
2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 02/12/27			282		278,079
Hub International Ltd.
2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 7.82%, 04/25/25			346		344,515


Security		Par (000)		Value

Insurance (continued)
Hub International Ltd. (continued)
2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.25%), 8.06%, 04/25/25	USD		1,418	$	1,413,082
2022 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 8.73%, 11/10/29			305		303,977
NFP Corp., 2020 Term Loan, (1 mo. LIBOR US + 3.25%), 8.09%, 02/15/27			112		109,293
Ryan Specialty Group LLC, Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.00%), 7.91%, 09/01/27			648		645,917
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 02/17/28			1,771		1,746,652
USI, Inc.
2019 Incremental Term Loan B, (3 mo. LIBOR US + 3.25%), 8.41%, 12/02/26			82		82,035
2022 Incremental Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.75%), 8.65%, 11/22/29			1,091		1,085,246


					12,099,783

Interactive Media & Services — 0.7%
Adevinta ASA, USD Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.91%, 06/26/28			750		742,820
Camelot U.S. Acquisition LLC, 2020 Incremental Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 3.00%), 7.84%, 10/30/26			1,141		1,138,368
Go Daddy Operating Co. LLC, 2021 Term Loan B4, (1 mo. LIBOR US + 2.00%), 6.84%, 08/10/27			821		817,367
Grab Holdings, Inc., Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.35%, 01/29/26			488		484,615


					3,183,170

IT Services — 2.2%
Aruba Investments Holdings LLC, 2020 USD Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 11/24/27			334		325,292
Boxer Parent Co., Inc., 2021 USD Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/02/25			748		737,827
Camelot Finance SA, Term Loan B, (1 mo. LIBOR US + 3.00%), 7.84%, 10/30/26			1,000		997,062
CCC Intelligent Solutions, Inc., Term Loan, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 09/21/28			725		717,729
CoreLogic, Inc., Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.38%, 06/02/28			2,001		1,701,842
Fleetcor Technologies Operating Co. LLC, 2021 Term Loan B4, (1 mo. LIBOR US + 1.75%), 6.59%, 04/28/28			945		937,933
Genesys Cloud Services Holdings II LLC, 2020 USD Term Loan B4, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.84%, 12/01/27			1,554		1,528,196
PUG LLC, USD Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27			1,675		1,207,287
Trans Union LLC
2019 Term Loan B5, (1 mo. LIBOR US + 1.75%), 6.59%, 11/16/26			750		743,485
2021 Term Loan B6, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 12/01/28			1,343		1,372,054


Security		Par (000)		Value

IT Services (continued)
Venga Finance SARL, 2021 USD Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.70%, 06/28/29	USD		262	$	248,968
WEX, Inc., 2021 Term Loan, (1 mo. LIBOR US + 2.25%), 7.09%, 03/31/28			428		424,782


					10,942,457

Leisure Products — 0.2%
Fender Musical Instruments Corp., 2021 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.84%, 12/01/28^(c)			297		269,059
Peloton Interactive, Inc., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 6.50%), 11.76%, 05/25/27			309		307,587
Topgolf Callaway Brands Corp., Term Loan B, (3 mo. SOFR CME + 3.50%), 8.26%, 03/15/30			530		526,110


					1,102,756

Life Sciences Tools & Services — 1.3%
Avantor Funding, Inc., 2021 Term Loan B5, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 11/08/27			1,197		1,194,755
Curia Global, Inc., 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.53%, 08/30/26			93		79,156
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.34%, 02/04/27			1,543		1,454,881
ICON Luxembourg SARL, LUX Term Loan, (3 mo. SOFR CME at 0.50% Floor + 2.25%), 7.41%, 07/03/28			1,085		1,081,508
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 3.00%), 7.63%, 10/19/27			962		955,778
Parexel International Corp., 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/15/28			1,506		1,491,341
PRA Health Sciences, Inc., US Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.25%), 7.41%, 07/03/28			288		286,508


					6,543,927

Machinery — 1.7%
Albion Acquisitions Ltd., USD Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.07%, 08/17/26			754		732,174
Clark Equipment Co., 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.50%), 7.50%, 04/20/29			164		163,827
Columbus McKinnon Corp., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.94%, 05/14/28			150		149,050
Filtration Group Corp., 2021 Incremental Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 10/21/28			492		483,528
Fluidra SA, 2022 USD Term Loan B, (1 mo. SOFR CME + 2.00%), 6.91%, 01/29/29			127		124,278
Gardner Denver, Inc., 2020 USD Term Loan B2, (1 mo. SOFR CME + 1.75%), 6.66%, 03/01/27			602		599,267
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. SOFR CME + 1.75%), 6.66%, 03/01/27			563		560,651


Security		Par (000)		Value

Machinery (continued)
Madison IAQ LLC, Term Loan, (6 mo. LIBOR US at 0.50% Floor + 3.25%), 8.30%, 06/21/28	USD		1,831	$	1,739,481
Roper Industrial Products Investment Co., USD Term Loan, (3 mo. SOFR CME + 4.50%), 9.40%, 11/22/29			758		751,231
SPX Flow, Inc., 2022 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.41%, 04/05/29			1,115		1,061,498
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 8.15%, 03/28/25			1,808		1,709,541
Zurn LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.00%), 6.84%, 10/04/28			440		439,473


					8,513,999

Media — 4.4%
Altice Financing SA
2017 USD Term Loan B, (3 mo. LIBOR US + 2.75%), 7.58%, 07/15/25			435		426,635
USD 2017 1st Lien Term Loan, (3 mo. LIBOR US + 2.75%), 7.58%, 01/31/26			523		512,992
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1 mo. LIBOR US + 3.00%), 7.68%, 04/22/26			665		483,809
Cable One, Inc., 2021 Term Loan B4, (1 mo. LIBOR US + 2.00%), 6.84%, 05/03/28			405		393,658
Charter Communications Operating LLC, Class A, 2019 Term Loan B1, (1 mo. SOFR CME + 1.75%), 6.56%, 04/30/25			603		601,942
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR US + 3.50%), 8.33%, 08/21/26			1,622		1,507,116
CMG Media Corp., 2021 Term Loan, (3 mo. LIBOR US + 3.50%), 8.66%, 12/17/26			577		508,404
Connect Finco SARL, 2021 Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 3.50%), 8.35%, 12/11/26			3,078		3,054,725
CSC Holdings LLC
2017 Term Loan B1, (1 mo. LIBOR US + 2.25%), 6.93%, 07/17/25			472		449,573
2019 Term Loan B5, (1 mo. LIBOR US + 2.50%), 7.18%, 04/15/27			863		759,923
E.W. Scripps Co., 2020 Term Loan B3, (1 mo. LIBOR US at 0.75% Floor + 2.75%), 7.67%, 01/07/28			301		286,869
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 3.25%), 8.10%, 12/01/23			369		257,836
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 03/24/25			1,047		1,028,632
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. SOFR CME + 1.75%), 6.61%, 10/17/26^(c)			1,070		1,056,638
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 09/13/24			1,536		1,507,371
2021 2nd Lien Term Loan, (1 mo. SOFR CME + 6.25%), 11.06%, 02/23/29			1,005		917,546
Sinclair Television Group, Inc., 2022 Term Loan B4, (1 mo. SOFR CME + 3.75%), 8.66%, 04/21/29^(c)			800		725,959
UFC Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.57%, 04/29/26			591		587,147
UPC Financing Partnership, 2021 USD Term Loan AX, (1 mo. LIBOR US + 2.925%), 7.61%, 01/31/29			341		333,813


Security		Par (000)		Value

Media (continued)
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1 mo. LIBOR US + 3.25%), 7.93%, 01/31/29	USD		917	$	905,657
Voyage Digital Ltd., USD Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 4.25%), 9.05%, 05/11/29^(c)			428		421,351
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR US + 2.75%), 7.60%, 05/18/25			1,592		1,576,888
WMG Acquisition Corp., 2021 Term Loan G, (1 mo. LIBOR US + 2.125%), 6.97%, 01/20/28			1,220		1,204,330
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 03/09/27			2,342		1,895,966


					21,404,780

Oil, Gas & Consumable Fuels — 0.3%
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			330		349,526
Lealand Finance Co. BV
2020 Make Whole Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 06/28/24			16		10,649
2020 Take Back Term Loan, (1 mo. LIBOR US + 1.00%, 3.00% PIK), 5.84%, 06/30/25^(l)			117		76,839
M6 ETX Holdings II Midco LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.36%, 09/19/29			102		101,415
Medallion Midland Acquisition LLC, 2021 Term Loan, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.91%, 10/18/28			894		880,538

					1,418,967

Passenger Airlines — 1.8%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.56%, 04/20/28			1,503		1,523,478
Air Canada, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.37%, 08/11/28			1,169		1,164,616
American Airlines, Inc.
2017 1st Lien Term Loan, (6 mo. LIBOR US + 3.50%), 8.26%, 01/29/27			1,572		1,532,149
2023 Term Loan B, (6 mo. SOFR CME + 2.75%), 8.15%, 02/15/28			1,160		1,131,905
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 5.25%), 10.21%, 06/21/27			1,820		1,886,086
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.57%, 04/21/28			1,664		1,649,479


					8,887,713

Personal Care Products — 0.8%
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.91%, 10/01/26			3,917		3,874,977


Pharmaceuticals — 1.5%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (3 mo. LIBOR US + 3.50%), 8.38%, 05/04/25			672		637,787
Amynta Agency Borrower, Inc., 2023 Term Loan B, (3 mo. SOFR CME + 5.00%), 9.99%, 02/28/28			410		392,473
Bausch Health Cos., Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 5.25%), 10.09%, 02/01/27			586		433,743


Security		Par (000)		Value

Pharmaceuticals (continued)
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1 mo. LIBOR US at 0.50% Floor + 2.00%), 6.81%, 02/22/28	USD		1,035	$	1,024,392
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR US + 1.75%), 6.41%, 08/01/27			1,091		1,065,812
Jazz Financing Lux SARL, USD Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 05/05/28			1,075		1,069,801
Option Care Health, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.59%, 10/27/28			612		608,858
Organon & Co., USD Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.00%), 8.00%, 06/02/28			825		824,043
Precision Medicine Group LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.00%), 8.16%, 11/18/27^(c)			1,192		1,145,695


					7,202,604

Professional Services — 0.9%
Dun & Bradstreet Corp.
2022 Incremental Term Loan B2, (1 mo. SOFR CME + 3.25%), 8.04%, 01/18/29			303		300,516
Term Loan, (1 mo. LIBOR US + 3.25%), 8.10%, 02/06/26			1,952		1,946,084
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.25%, 07/06/29			309		304,652
2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.25%, 07/06/29			669		660,079
Galaxy U.S. Opco, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.75%), 9.56%, 04/29/29			1,083		956,237


					4,167,568

Real Estate Management & Development — 0.5%
Chariot Buyer LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/03/28			1,586		1,521,772
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.59%, 08/21/25			452		439,665
2023 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 01/31/30^(c)			637		613,371


					2,574,808

Semiconductors & Semiconductor Equipment — 0.2%
MKS Instruments, Inc., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.61%, 08/17/29			757		751,899
Synaptics, Inc., Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 2.25%), 7.40%, 12/02/28			252		249,167


					1,001,066

Software — 5.0%
Applied Systems, Inc.
2021 2nd Lien Term Loan, (3 mo. SOFR CME at 0.75% Floor + 6.75%), 11.65%, 09/17/27			90		89,843
2022 Extended 1st Lien Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.40%, 09/18/26			94		94,258
Barracuda Networks, Inc., 2022 Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.18%, 08/15/29			332		319,193


Security		Par (000)		Value

Software (continued)
Central Parent, Inc., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.15%, 07/06/29	USD		1,204	$	1,198,661
Cloudera, Inc.
2021 Second Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 6.00%), 10.91%, 10/08/29			457		402,923
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 10/08/28^(c)			379		361,195
Cornerstone OnDemand, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/16/28			515		473,616
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR US + 3.25%), 8.08%, 05/28/24			420		377,797
E2open LLC, 2020 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.20%, 02/04/28			112		111,059
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 7.75%), 12.59%, 07/31/28			296		291,992
2020 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 07/30/27			286		280,722
Informatica LLC, 2021 USD Term Loan B, (1 mo. LIBOR US + 2.75%), 7.63%, 10/27/28			1,230		1,218,803
Instructure Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.85%, 10/30/28^(c)			309		306,563
IPS Corp., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.41%, 10/02/28			257		240,023
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.58%, 07/27/28			1,015		833,194
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.25%), 13.08%, 07/27/29			936		692,445
McAfee Corp., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.52%, 03/01/29			1,630		1,527,830
NortonLifeLock, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.00%), 6.91%, 09/12/29			707		698,660
Proofpoint, Inc., 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 08/31/28			1,756		1,713,323
RealPage, Inc.
1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 04/24/28			3,444		3,335,084
2nd Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 6.50%), 11.34%, 04/23/29			480		451,800
Renaissance Holding Corp., 2023 Refi Term Loan, (1 mo. LIBOR US + 3.25%), 8.09%, 04/05/30			142		137,824
Restoration Hardware, Inc., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.50%), 7.34%, 10/20/28			314		292,846
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. SOFR CME + 3.00%), 7.68%, 08/01/25			920		918,484
Sophia LP, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 10/07/27			744		734,704
SS&C Technologies, Inc.
2018 Term Loan B3, (1 mo. LIBOR US + 1.75%), 6.59%, 04/16/25			508		505,853


Security		Par (000)		Value

Software (continued)
SS&C Technologies, Inc. (continued)
2018 Term Loan B4, (1 mo. LIBOR US + 1.75%), 6.59%, 04/16/25	USD		450	$	448,322
Tempo Acquisition LLC, 2022 Term Loan B, (1 mo. SOFR CME + 3.00%), 7.81%, 08/31/28			2,278		2,273,137
TIBCO Software, Inc., 2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 03/30/29			2,569		2,329,662
UKG, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.03%, 05/03/27			453		432,955
Ultimate Software Group, Inc.
2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.25%), 8.03%, 05/04/26			58		56,428
Term Loan B, (3 mo. LIBOR US + 3.75%), 8.58%, 05/04/26			1,041		1,022,199
ZoomInfo LLC, 2023 Term Loan B, (1 mo. SOFR CME + 2.75%), 7.66%, 02/28/30			89		88,556


					24,259,954

Specialty Retail — 2.2%
Belron Finance U.S. LLC
2018 Term Loan B, (3 mo. LIBOR US + 2.25%), 7.13%, 11/13/25			178		177,872
2019 USD Term Loan B3, (3 mo. LIBOR US + 2.25%), 7.06%, 10/30/26^(c)			406		405,333
2021 USD Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.425%), 7.30%, 04/13/28			920		917,035
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (1 day SONIA + 4.25%), 7.78%, 06/23/25	GBP		1,000		1,186,315
EG Group Ltd., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 03/31/26	USD		233		222,105
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/24/28			763		758,542
Mavis Tire Express Services Corp., 2021 Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 4.00%), 8.92%, 05/04/28			1,265		1,237,405
MED ParentCo LP, 1st Lien Term Loan, (1 mo. LIBOR US + 4.25%), 9.09%, 08/31/26			818		715,148
Midas Intermediate Holdco II LLC, 2022 PIK Term Loan, (1 mo. SOFR CME at 0.75% Floor + 8.35%, 1.50% PIK), 13.11%, 06/30/27			1,232		1,000,144
PetSmart, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.66%, 02/11/28			1,614		1,600,201
Pilot Travel Centers LLC, 2021 Term Loan B, (1 mo. SOFR CME + 2.00%), 6.91%, 08/04/28			759		755,562
Restoration Hardware, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 10/20/28			362		339,884
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.24%, 11/01/28			948		920,357
Sally Holdings LLC, 2023 Term Loan B, (3 mo. SOFR CME + 2.50%), 7.31%, 02/28/30^(c)			291		289,909
Woof Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.53%, 12/21/27^(c)			225		215,257


					10,741,069


Security	Par (000)			Value


Technology Hardware, Storage & Peripherals — 0.0%
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR US + 5.00%), 10.21%, 07/23/26		USD	278	$	217,162


Textiles, Apparel & Luxury Goods — 0.2%
Crocs, Inc., Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.41%, 02/20/29			522		519,271
Hanesbrands, Inc., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.56%, 03/08/30^(c)			239		237,805


					757,076

Trading Companies & Distributors — 0.4%
Beacon Roofing Supply, Inc., 2021 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 05/19/28			611		606,703
ION Trading Finance Ltd., 2021 USD Term Loan, (3 mo. LIBOR US + 4.75%), 9.91%, 04/03/28			298		279,651
SRS Distribution, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME + 3.25%), 8.16%, 06/02/28			406		388,006
TMK Hawk Parent Corp.
2020 Super Priority First Out Term Loan A, (3 mo. LIBOR US at 1.00% Floor + 9.50%), 14.46%, 05/30/24^(c)			163		157,858
2020 Super Priority Second Out Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 3.50%), 8.46%, 08/28/24			1,300		728,225


					2,160,443

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			100		97,725


Wireless Telecommunication Services — 0.3%
GOGO Intermediate Holdings LLC, Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.70%, 04/30/28			429		425,690
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.60%, 04/11/25			1,050		1,048,303


					1,473,993


Total Floating Rate Loan Interests — 57.3% (Cost: $289,518,789)					280,356,439


Foreign Agency Obligations

Bahrain — 0.1%
Bahrain Government International Bond, 6.75%, 09/20/29^(d)			200		198,250


Chile — 0.0%
Chile Government International Bond, 4.34%, 03/07/42^(g)			200		176,100


Colombia — 0.1%
Colombia Government International Bond
3.13%, 04/15/31			430		328,090
8.00%, 04/20/33			200		205,100


					533,190


Security	Par (000)			Value


Dominican Republic — 0.1%
Dominican Republic International Bond^(b)
4.50%, 01/30/30		USD	200	$	173,725
7.05%, 02/03/31			150		150,844
4.88%, 09/23/32^(g)			300		254,400


					578,969

Egypt — 0.0%
Egypt Government International Bond, 7.50%, 02/16/61^(b)			200		107,412


Guatemala — 0.1%
Guatemala Government Bond
4.50%, 05/03/26^(d)			200		194,600
4.65%, 10/07/41^(b)			200		162,975


					357,575

Ivory Coast — 0.1%
Ivory Coast Government International Bond, 6.38%, 03/03/28^(d)			200		191,400


Morocco — 0.0%
Morocco Government International Bond, 2.38%, 12/15/27^(b)			200		176,000


Nigeria — 0.0%
Nigeria Government International Bond, 8.38%, 03/24/29^(b)			200		164,500


Oman — 0.1%
Oman Government International Bond, 6.50%, 03/08/47^(d)			308		284,130


Paraguay — 0.0%
Paraguay Government International Bond, 5.40%, 03/30/50^(d)			200		171,412


Romania — 0.1%
Romanian Government International Bond
5.25%, 11/25/27^(b)			122		120,018
2.50%, 02/08/30^(d)		EUR	138		119,355
2.12%, 07/16/31^(d)			156		123,291


					362,664

South Africa — 0.1%
Republic of South Africa Government International Bond
4.85%, 09/30/29		USD	200		179,000
5.00%, 10/12/46			230		158,700


					337,700

Sri Lanka — 0.0%
Sri Lanka Government International Bond^(d)(e)(j)
6.85%, 03/14/24			200		70,225
6.35%, 06/28/24			200		70,225


					140,450


Security	Par (000)				Value


Ukraine — 0.0%
Ukraine Government International Bond^(e)(j)
9.75%, 11/01/30^(d)		USD		236	$	43,778
7.25%, 03/15/35^(b)				200		34,163


						77,941


Total Foreign Agency Obligations — 0.8% (Cost: $4,713,923)						3,857,693


			Shares

Investment Companies

Financial Services — 1.0%
Invesco Senior Loan ETF				230,501		4,794,421


Total Investment Companies — 1.0% (Cost: $4,877,550)						4,794,421


			Par (000)

Non-Agency Mortgage-Backed Securities

Collateralized Mortgage Obligations — 2.3%
Alternative Loan Trust
Series 2005-54CB, Class 3A4, 5.50%, 11/25/35		USD		1,035		598,495
Series 2006-J8, Class A5, 6.00%, 02/25/37				1,829		824,819
Series 2007-19, Class 1A1, 6.00%, 08/25/37				546		282,415
CHL Mortgage Pass-Through Trust
Series 2005-17, Class 1A6, 5.50%, 09/25/35				97		88,612
Series 2006-17, Class A2, 6.00%, 12/25/36				627		271,396
Series 2007-HY5, Class 3A1, 4.03%, 09/25/37^(a)				282		249,362
COLT Mortgage Loan Trust^(b)
Series 2022-7, Class A1, 5.16%, 04/25/67				2,266		2,226,438
Series 2022-9, Class A1, 6.79%, 12/25/67				307		308,637
Ellington Financial Mortgage Trust, Series 2021-2, Class A1, 0.93%, 06/25/66^(a)(b)				218		175,140
GCAT Trust, Series 2022-NQM3, Class A1, 4.35%, 04/25/67^(a)(b)				1,483		1,415,345
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 3.77%, 10/25/35^(a)				308		173,312
JP Morgan Mortgage Trust, Series 2022-DSC1, Class A1, 4.75%, 01/25/63^(a)(b)				402		382,972
OBX Trust, Series 2022-NQM9, Class A1A, 6.45%, 09/25/62^(b)				97		97,067
Spruce Hill Mortgage Loan Trust, Class A1A, 4.10%, 07/25/57^(b)				609		579,193
Verus Securitization Trust^(b)
Series 2022-3, Class A1, 4.13%, 02/25/67				1,477		1,381,166
Series 2022-7, Class A1, 5.15%, 07/25/67				1,755		1,717,702
Series 2022-INV2, Class A1, 6.79%, 10/25/67				470		473,330


						11,245,401

Commercial Mortgage-Backed Securities^(b)— 0.9%
BX Commercial Mortgage Trust^(a)
Series 2019-XL, Class A, (1 mo. SOFR + 1.03%), 5.86%, 10/15/36				1,129		1,116,179
Series 2021-CIP, Class A, (1 mo. LIBOR US + 0.92%), 5.61%, 12/15/38				1,000		963,646
Series 2021-XL2, Class A, (1 mo. LIBOR US + 0.69%), 5.37%, 10/15/38				454		435,017


Security	Par (000)				Value


Commercial Mortgage-Backed Securities (continued)
BX Trust, Class A, (1 mo. SOFR + 0.85%), 5.68%, 01/15/39^(a)		USD		1,200	$	1,152,255
Citigroup Commercial Mortgage Trust, Series 2019- SMRT, Class A, 4.15%, 01/10/36				800		783,752


						4,450,849


Total Non-Agency Mortgage-Backed Securities — 3.2% (Cost: $16,703,834)						15,696,250


	Benefical Interest (000)

Other Interests^(c)(o)

Capital Markets — 0.0%
Millennium Lender Claim Trust		USD		918		—


Industrial Conglomerates — 0.0%
Millennium Corp. Claim				861		—


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


			Par (000)

Preferred Securities

Capital Trusts — 3.6%^(a)
Automobiles — 0.1%
General Motors Financial Co., Inc., Series C, 5.70%^(g)(k)		USD		365		314,137


Banks^(k)— 0.9%
AIB Group PLC, 5.25%^(d)		EUR		200		194,668
Bank of East Asia Ltd., 5.88%^(d)		USD		250		217,156
Industrial & Commercial Bank of China Ltd., 3.20%^(d).				200		187,000
ING Groep NV, 3.88%^(g)				1,750		1,268,890
Kasikornbank PCL, 5.28%^(d)				200		183,100
Nordea Bank Abp, 3.75%^(b)(g)				560		434,801
PNC Financial Services Group, Inc.^(g)
Series V, 6.20%				290		272,846
Series W, 6.25%				289		268,770
Rizal Commercial Banking Corp., 6.50%^(d)				200		176,413
Wells Fargo & Co., Series S, 5.90%^(g)				1,500		1,422,075


						4,625,719

Diversified Telecommunication Services^(d)(k)— 0.1%
Telefonica Europe BV
7.13%		EUR		100		110,212
6.14%				200		209,405


						319,617

Electric Utilities — 0.4%
Edison International, Series B, 5.00%^(k)		USD		175		144,987
EDP - Energias de Portugal SA, 5.94%, 04/23/83^(d)		EUR		100		106,281
NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79^(g)		USD		1,750		1,540,116


						1,791,384

Financial Services^(k)— 2.0%
Bank of America Corp.^(g)
Series DD, 6.30%				215		214,731
Series X, 6.25%				1,929		1,883,186


Security	Par (000)				Value


Financial Services (continued)
Bank of America Corp.^(g)(continued)
Series Z, 6.50%		USD		143	$	142,643
Barclays PLC
4.38%				455		311,044
8.00%				210		179,288
BNP Paribas SA, 6.88%^(d)		EUR		200		200,646
Credit Agricole SA, 4.75%^(b)(g)		USD		200		150,180
HSBC Holdings PLC, 6.00%^(g)				415		373,865
JPMorgan Chase & Co., Series FF, 5.00%^(g)				2,000		1,920,200
Lloyds Banking Group PLC
8.00%				265		244,131
7.50%^(g)				1,250		1,159,775
NatWest Group PLC, 6.00%^(g)				1,185		1,080,838
Societe Generale SA, 5.38%^(b)(g)				2,250		1,619,854
Woori Bank, 4.25%^(d)				250		234,344


						9,714,725

Independent Power and Renewable Electricity Producers^(b)(k)— 0.1%
NRG Energy, Inc., 10.25%				452		431,935
Vistra Corp., 7.00%				240		211,200


						643,135

Media — 0.0%
SES SA, 2.88%^(d)(k)		EUR		100		87,844


Oil, Gas & Consumable Fuels — 0.0%
Abertis Infraestructuras Finance BV, 3.25%^(d)(k)				100		96,412


Utilities — 0.0%
Electricite de France SA, 3.00%^(d)(k)				200		177,151


Wireless Telecommunication Services — 0.0%
Vodafone Group PLC
3.25%, 06/04/81		USD		18		15,256
2.63%, 08/27/80^(d)		EUR		100		97,339


						112,595


						17,882,719


			Shares


Preferred Stocks — 1.3%

Capital Markets^(a)(k)— 1.3%
Goldman Sachs Group, Inc., Series J				140,000		3,474,800
Morgan Stanley
Series F				55,000		1,358,500
Series K				53,253		1,319,609


						6,152,909

Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost: $136,229)^(f)				139,135		2,978


						6,155,887


Total Preferred Securities — 4.9% (Cost: $27,105,884)						24,038,606


Security		Par (000)			Value


U.S. Government Sponsored Agency Securities

Mortgage-Backed Securities — 5.5%
Freddie Mac Multifamily Structured Pass Through Certificates, Series K042, Class X1, 1.02%, 12/25/24^(a)	USD		31,838		$	463,832
Uniform Mortgage-Backed Securities^(p)
3.50%, 03/25/52 - 04/13/53			8,000			7,435,938
5.00%, 04/13/53			9,600			9,574,500
5.50%, 04/13/53			9,500			9,595,928


						27,070,198


Total U.S. Government Sponsored Agency Securities — 5.5% (Cost: $26,817,249)						27,070,198


		Shares


Warrants

Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Expires 06/30/27, Strike Price USD 10.00)^(e)			1,357			—


Oil, Gas & Consumable Fuels — 0.0%
California Resources Corp., (Issued/Exercisable 11/03/20, 1 Share for 1 Warrant, Expires 10/27/24, Strike Price USD 36.00)^(e)			345			2,933


Total Warrants — 0.0% (Cost: $ — )						2,933


Total Investments Before TBA Sale Commitments — 149.7% (Cost: $782,616,555)						732,716,355


		Par (000)


TBA Sale Commitments^(p)

Mortgage-Backed Securities — (0.8)%
Uniform Mortgage-Backed Securities, 3.50%, 04/13/53	USD		(4,000	)		(3,716,719	)


Total TBA Sale Commitments — (0.8)% (Proceeds: $(3,696,594))						(3,716,719	)


Total Investments, Net of TBA Sale Commitments — 148.9% (Cost: $778,919,961)						728,999,636

Liabilities in Excess of Other Assets — (48.9)%						(239,511,308	)


Net Assets — 100.0%					$	489,488,328

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

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

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

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

For Fund compliance purposes, the Fund’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 Fund 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:



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

Long Contracts
10-Year U.S. Ultra Long Treasury Note		63		06/21/23		$ 7,640	$	260,832
2-Year U.S. Treasury Note		1,028		06/30/23		212,386		2,343,255
5-Year U.S. Treasury Note		868		06/30/23		95,175		1,355,486


								3,959,573

Short Contracts
10-Year Japanese Government Treasury Bonds		23		06/13/23		25,658		(516,573	)
10-Year U.S. Treasury Note		336		06/21/23		38,661		(973,787	)
U.S. Long Bond		137		06/21/23		17,994		(735,302	)
Ultra U.S. Treasury Bond		38		06/21/23		5,383		(114,045	)


								(2,339,707	)


							$	1,619,866


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

EUR	79,766	USD	85,062	Natwest Markets PLC		06/14/23	$	1,791
EUR	116,156	USD	123,866	Natwest Markets PLC		06/14/23		2,610
USD	241,954	JPY	31,740,000	Deutsche Bank AG		06/21/23		167


								4,568

USD	391,214	EUR	367,680	HSBC Bank PLC		06/14/23		(9,131	)
USD	86,503	EUR	79,766	Morgan Stanley & Co. International PLC		06/14/23		(350	)
USD	129,659	EUR	120,019	Toronto-Dominion Bank		06/21/23		(1,073	)
USD	37,791	EUR	34,981	UBS AG		06/21/23		(313	)
USD	884,493	EUR	820,000	UBS AG		06/21/23		(8,702	)
USD	2,810,963	EUR	2,606,000	UBS AG		06/21/23		(27,656	)
USD	2,814,771	EUR	2,605,500	UBS AG		06/21/23		(23,303	)
USD	1,071,455	GBP	888,000	Morgan Stanley & Co. International PLC		06/21/23		(25,657	)
USD	1,242,792	GBP	1,030,000	Morgan Stanley & Co. International PLC		06/21/23		(29,760	)


								(125,945	)


							$	(121,377	)



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

CDX.NA.HY.40.V1		5.00	%		Quarterly		06/20/28	USD	3,650	$	(61,907	)	$	3,716		$	(65,623	)
CDX.NA.IG.40.V1		1.00			Quarterly		06/20/28	USD	20,450		(241,821	)		(84,834	)		(156,987	)


										$	(303,728	)	$	(81,118	)	$	(222,610	)

Paid by the Fund

Received by the Fund

Effective

Termination

Notional

Upfront

Premium

Paid

Unrealized

Appreciation

Rate

Frequency

Rate

Frequency

Date

Amount (000)

Value

(Received)

(Depreciation)

1-Day SOFR, 4.80%

Annual

3.32%

Annual

N/A

11/28/42

USD

4,800

102,571

114

102,457

1-Day SOFR, 4.80%

Annual

3.31%

Annual

N/A

12/01/42

USD

1,600

32,281

32,243

134,852

152

134,700

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

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

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

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $229,214,217 are categorized as Level 2 within the fair value hierarchy.

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

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



Affiliated Issuer	Value at 12/31/22		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^(a)	$	1,474,663	$	—	$	(1,474,663	)^(b)	$	—	$	—	$	—		—	$	36,013	$	—


Reference Obligation/Index	Financing Rate Received by the Fund		Payment Frequency	Counterparty	Termination Date	Credit Rating	^(a)	Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Casino, Guichard-Perrachon S.A.	5.00	%	Quarterly	JPMorgan Chase Bank N.A.	06/20/23	CCC+		EUR	20	$	(2,192	)		$ (383	)	$ (1,809	)
Novafives S.A.S.	5.00		Quarterly	Citibank N.A.	06/20/23	B-		EUR	10		(43	)		(158	)	115
Casino, Guichard-Perrachon S.A.	5.00		Quarterly	BNP Paribas SA	12/20/23	CCC+		EUR	13		(4,535	)		(981	)	(3,554	)
Thyssenkrupp AG	1.00		Quarterly	Bank of America N.A.	12/20/23	BB		EUR	20		24			(311	)	335
Virgin Media Finance PLC	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/25	B		EUR	10		636			778		(142	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Bank of America N.A.	12/20/26	B+		EUR	20		(1,353	)		(659	)	(694	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Barclays Bank PLC	12/20/26	B+		EUR	10		(687	)		337		(1,024	)
Jaguar Land Rover Automotive PLC	5.00		Quarterly	Credit Suisse International	12/20/26	B+		EUR	10		(668	)		346		(1,014	)
K&S AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/26	BB+		EUR	10		1,111			680		431
CMA CGM SA	5.00		Quarterly	Credit Suisse International	06/20/27	N/R		EUR	30		3,235			1,178		2,057
Ladbrokes Coral Group Ltd.	1.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/27	BB		EUR	10		(492	)		(952	)	460
Ladbrokes Coral Group Ltd.	1.00		Quarterly	JPMorgan Chase Bank N.A.	06/20/27	BB		EUR	40		(1,970	)		(6,076	)	4,106
Adler Real Estate AG	5.00		Quarterly	Bank of America N.A.	12/20/27	CCC-		EUR	7		(2,287	)		(1,613	)	(674	)
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	CCC-		EUR	4		(1,375	)		(955	)	(420	)
Adler Real Estate AG	5.00		Quarterly	Barclays Bank PLC	12/20/27	CCC-		EUR	12		(3,864	)		(2,685	)	(1,179	)
Adler Real Estate AG	5.00		Quarterly	Citibank N.A.	12/20/27	CCC-		EUR	4		(1,121	)		(800	)	(321	)
Adler Real Estate AG	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/27	CCC-		EUR	8		(2,346	)		(1,661	)	(685	)
Adler Real Estate AG	5.00		Quarterly	Morgan Stanley & Co. International PLC	12/20/27	CCC-		EUR	5		(1,701	)		(1,188	)	(513	)
Loxam SAS	5.00		Quarterly	Bank of America N.A.	12/20/27	B		EUR	20		(2,071	)		(1,471	)	(600	)
United Group B.V.	5.00		Quarterly	Bank of America N.A.	12/20/27	B		EUR	18		(3,561	)		(2,671	)	(890	)
United Group B.V.	5.00		Quarterly	JPMorgan Chase Bank N.A.	12/20/27	B		EUR	22		(4,316	)		(3,468	)	(848	)
CMBX.NA.15	3.00		Monthly	Morgan Stanley & Co. International PLC	11/15/64	N/R		USD	2,318		(660,340	)		(433,558	)	(226,782	)


										$	(689,916	)	$	(456,271	)	$ (233,645	)



	Level 1		Level 2		Level 3		Total

Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	30,604,541	$	867,062	$	31,471,603
Common Stocks		—		185,132		6,156		191,288
Corporate Bonds
Aerospace & Defense		—		16,983,181		—		16,983,181
Air Freight & Logistics		—		88,400		—		88,400
Automobile Components		—		5,488,911		—		5,488,911
Automobiles		—		7,110,750		—		7,110,750
Banks		—		2,507,016		—		2,507,016
Beverages		—		9,624,895		—		9,624,895
Biotechnology		—		95,441		—		95,441
Broadline Retail		—		199,979		—		199,979
Building Materials		—		2,646,360		—		2,646,360
Building Products		—		4,125,057		—		4,125,057
Capital Markets		—		6,100,683		—		6,100,683
Chemicals		—		7,460,761		—		7,460,761
Commercial Services & Supplies		—		4,972,928		—		4,972,928
Communications Equipment		—		2,162,828		—		2,162,828
Construction Materials		—		452,694		—		452,694
Consumer Discretionary		—		8,323,038		—		8,323,038
Consumer Finance		—		8,457,802		—		8,457,802
Consumer Staples Distribution & Retail		—		4,234,864		—		4,234,864
Containers & Packaging		—		2,250,771		—		2,250,771
Diversified Consumer Services		—		8,360,408		—		8,360,408
Diversified REITs		—		4,367,683		—		4,367,683
Diversified Telecommunication Services		—		10,885,004		—		10,885,004
Electric Utilities		—		2,186,226		—		2,186,226
Electrical Equipment		—		1,609,290		—		1,609,290
Electronic Equipment, Instruments & Components		—		1,472,958		—		1,472,958
Energy Equipment & Services		—		2,481,305		—		2,481,305
Environmental, Maintenance & Security Service		—		4,006,297		—		4,006,297
Financial Services		—		9,660,942		—		9,660,942
Food Products		—		3,050,854		—		3,050,854
Gas Utilities		—		79,511		—		79,511
Ground Transportation		—		3,625,617		—		3,625,617
Health Care Equipment & Supplies		—		1,202,098		—		1,202,098
Health Care Providers & Services		—		11,574,219		—		11,574,219
Health Care Technology		—		3,076,070		—		3,076,070
Hotels, Restaurants & Leisure		15,379		15,294,916		—		15,310,295
Household Durables		—		2,605,013		—		2,605,013
Household Products		—		185,856		—		185,856
Independent Power and Renewable Electricity Producers		—		3,504,510		—		3,504,510
Insurance		—		13,287,905		—		13,287,905
Interactive Media & Services		—		844,003		—		844,003
Internet Software & Services		—		4,990,912		—		4,990,912
IT Services		—		4,379,606		—		4,379,606
Leisure Products		—		431,315		—		431,315
Machinery		—		4,567,503		—		4,567,503
Marine Transportation		—		166,595		—		166,595
Media		—		36,977,437		—		36,977,437
Metals & Mining		—		8,908,671		—		8,908,671
Offshore Drilling & Other Services		—		2,409,637		—		2,409,637
Oil, Gas & Consumable Fuels		—		43,879,373		1,209,481		45,088,854
Passenger Airlines		—		6,235,982		—		6,235,982
Pharmaceuticals		—		4,870,304		—		4,870,304
Real Estate		—		90,753		—		90,753
Real Estate Management & Development		—		2,499,418		—		2,499,418
Semiconductors & Semiconductor Equipment		—		5,407,377		—		5,407,377
Software		—		10,287,026		—		10,287,026




	Asset-Backed Securities			Common Stocks		Corporate Bonds		Floating Rate Loan Interests			Non-Agency Mortgage-Backed Securities			Other Interests			Total

Assets
Opening balance, as of December 31, 2022	$	1,354,025		$	6,098	$	1,198,484	$	3,710,331		$	384,933		$	—	^(a)	$	6,653,871
Transfers into Level 3^(b)		—			—		—		7,436,126			—			—			7,436,126
Transfers out of Level 3		(500,000	)		—		—		(1,105,763	)		(384,933	)		—			(1,990,696	)
Accrued discounts/premiums		(12,970	)		—		—		5,668			—			—			(7,302	)
Net realized gain (loss)		—			—		—		(16,495	)		—			—			(16,495	)
Net change in unrealized appreciation (depreciation)^(c)		26,007			58		29,779		99,481			—			—			155,325


Currency Abbreviation

EUR		Euro

GBP		British Pound

JPY		Japanese Yen

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

PCL		Public Company Limited

PIK		Payment-in-Kind

REIT		Real Estate Investment Trust

SAB		Special Assessment Bonds

SOFR		Secured Overnight Financing Rate

SOFR CME		Secured Overnight Financing Rate Chicago Mercantile Exchange

SOFRTE		Term Secured Overnight Financing Rate

SONIA		Sterling Overnight Interbank Average Rate

TBA		To-Be-Announced