SHARES		COST		FAIR VALUE
Equities — 2.34%*:
Common Stocks — 2.28%*:
			Boomerang Tube Holdings, Inc.¤						36,149	$	3,510,832	$	0
			ESC CB 144A High Ridge¤						2,982		0		41,748
			Fieldwood Energy LLC¤						167,574		4,057,567		0
			Tourmaline Escrow Cash¤+						1,197,757		0		953,097
			Tourmaline Oil Corp+						276,778		3,948,373		5,268,186
			Sabine Oil & Gas LLC¤						4,342		248,858		56,446
			KCA Deutag Ordinary A Shares¤+						23,585		990,570		1,627,365
			Travelex Private Equity¤+						10,120		1		0
				Total Common Stocks					1,719,287		12,756,201		7,946,842
Warrants — 0.06%*:
			Travelex Topco Limited Warrant¤+						2,218		0		221,687
				Total Warrants					2,218		0		221,687
				Total Equities					1,721,505		12,756,201		8,168,529
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Fixed Income — 138.24%*:
Asset-Backed Securities — 12.21%*:
	CDO/CLO — 12.21%*:
			610 FDG 2016-2R CLO LTD, 3M LIBOR + 7.250%^		7.44	%		1/20/2034	1,550,000	$	1,534,190	$	1,523,683
			Anchorage Capital CLO LTD 2015-6A, 3M LIBOR + 6.350%^~		6.59			7/15/2030	600,000	$	608,002	$	578,078
			Anchorage Capital CLO LTD 2016-9A ER, 3M LIBOR + 6.410%^~		6.65			7/15/2032	1,500,000		1,455,000		1,468,065
			Anchorage Capital CLO LTD 2013-1R, 3M LIBOR + 6.800%^~		7.03			10/15/2030	1,000,000		977,213		977,237
			Bain Capital Credit CLO 2020-2 E, 3M LIBOR + 6.830%^~		7.05			7/29/2031	1,000,000		929,843		1,009,488
			Ballyrock CLO LTD 2019-2R, 3M LIBOR + 6.500%^		6.68			11/20/2030	2,000,000		2,000,000		1,955,632
			BlueMountain CLO LTD 2018-23A, 3M LIBOR + 5.650%^~		5.87			10/20/2031	1,000,000		1,000,000		940,656
			Canyon CLO LTD 2019-2A, 3M LIBOR + 7.150%^~		7.39			10/15/2032	1,000,000		1,000,000		1,000,273
			Carbone CLO, LTD 2017-1A, 3M LIBOR + 5.900%^~		6.12			1/21/2031	750,000		750,000		717,953
			Carlyle Global Market Strategies 2017-5A, 3M LIBOR + 5.300%^~		5.52			1/22/2030	700,000		700,000		640,751
			Carlyle Global Market Strategies 2019-3 LTD, 3M LIBOR + 7.030%^~		7.25			10/20/2032	1,000,000		975,000		999,669
			Cedar Funding LTD 2016-6A, 3M LIBOR + 5.900%^~		6.12			10/20/2028	2,500,000		2,500,000		2,499,603
			CIFC Funding  2020-1 LTD^~		7.32			7/15/2032	1,900,000		1,881,000		1,904,212
			Galaxy CLO LTD 2017-24A, 3M LIBOR + 5.500%^~		5.74			1/15/2031	1,000,000		1,000,000		930,949
			GoldenTree Loan Management 2018-3A, 3M LIBOR + 6.500%^~		6.72			4/22/2030	1,500,000		1,442,632		1,280,183
			GoldenTree Loan Opportunities XI LTD 2015-11A, 3M LIBOR + 5.400%^~		5.62			1/18/2031	500,000		500,000		473,254
			KKR Financial CLO LTD 2017-20, 3M LIBOR + 5.500%^~		5.72			10/16/2030	1,500,000		1,500,000		1,361,664
			LCM LTD 2019-30, 3M LIBOR + 6.950%^~		7.17			4/21/2031	1,100,000		1,100,000		1,099,870
			Madison Park Funding LTD 2015-19A, 3M LIBOR + 4.350%^~		4.57			1/24/2028	1,000,000		1,000,000		932,900
			Madison Park Funding LTD 2018-29A, 3M LIBOR + 7.570%^~#		7.79			10/18/2030	2,000,000		1,960,000		1,868,896
			Madison Park Funding LTD XXXV 2019-35R E-R, 3M LIBOR + 6.100%^		6.29			4/20/2032	1,400,000		1,400,000		1,400,000
			Madison Park Funding LTD 2019-32R E-R, 3M LIBOR + 6.200%^		6.39			1/22/2031	1,000,000		1,000,000		980,431
			Magnetite CLO LTD 2016-18A, 3M LIBOR + 7.600%^~		7.79			11/15/2028	1,400,000		1,386,000		1,331,179
			Neuberger Berman Loan Advisers CLO LTD, 3M LIBOR + 7.050% ^~		7.27			7/21/2031	800,000		792,000		802,192
			OCP CLO LTD 2020-19, 3M LIBOR + 6.110% ^~		6.33			7/21/2031	800,000		719,952		780,656
			OHA Credit Partners LTD 2015-11A, 3M LIBOR + 7.900%^~		8.12			1/20/2032	2,000,000		1,970,323		1,831,072
			OHA Loan Funding LTD 2013-1A, 3M LIBOR + 7.900%^~		8.12			7/23/2031	1,500,000		1,477,500		1,386,000
			Sound Point CLO XVIII 2018-18D, 3M LIBOR + 5.500%^~		5.72			1/21/2031	2,000,000		2,000,000		1,765,468
			Sound Point CLO Ltd Series 2020-1A Class E, 3M LIBOR + 7.080%^~		7.39			7/22/2030	1,600,000		1,476,834		1,601,315
			TICP CLO LTD 2018-10A, 3M LIBOR + 5.500%^~		5.72			4/20/2031	1,000,000		936,755		952,477
			Voya CLO LTD 2019-4A, 3M LIBOR + 7.480%^~		7.72			1/18/2033	1,400,000		1,358,585		1,410,606
			Wellfleet CLO LTD 2017-3A, 3M LIBOR + 5.550%^~		5.77			1/17/2031	1,500,000		1,500,000		1,364,267
			Wind River 2017-1A ER, 3M LIBOR + 7.060%^		7.25			4/18/2036	2,000,000		1,960,000		1,960,000
			Wind River CLO LTD 2017-4A, 3M LIBOR + 5.800%^~		5.98			11/20/2030	1,000,000		1,000,000		932,646
				Total CDO/CLO					44,500,000		43,790,828		42,661,322
				Total Asset-Backed Securities					44,500,000		43,790,828		42,661,322
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Bank Loans§ — 9.81%*:
	Automotive — 0.57%*:
			Dexko Global Inc, 3M LIBOR + 8.250%~		9.25	%	7/24/2025		2,000,000	$	2,000,000	$	1,985,000
				Total Automotive					2,000,000		2,000,000		1,985,000
	Chemicals, Plastics and Rubber — 0.50%*:
			Colouroz Investment 2 LLC, 3M LIBOR + 7.250%+~		5.50		9/21/2024		2,080,872		2,073,123		1,766,140
				Total Chemicals, Plastics and Rubber					2,080,872		2,073,123		1,766,140
	Diversified/Conglomerate Manufacturing — 0.80%*:
			Averys, 3M LIBOR + 8.250%+~		8.25			9/25/2026	500,000		571,943		536,512
			Commercial Vehicle Group Inc., 1M LIBOR + 6.000%~		5.75		4/12/2023		0		(449)		0
			SunSource, Inc., 1M LIBOR + 8.000%~		9.00		4/30/2026		2,500,000		2,514,308		2,252,500
				Total Diversified/Conglomerate Manufacturing					3,000,000		3,085,802		2,789,012
	Diversified/Conglomerate Service — 7.25%*:
			Syncsort Incorporated (Precisely) 2ND Lien T/L, 3M LIBOR + 7.250%		8.00		3/19/2029		9,009,009		8,918,919		9,001,532
			Misys (Finastra), 3M LIBOR + 7.250%~		8.25		6/16/2025		16,290,136		16,173,195		16,351,224
				Total Diversified/Conglomerate Service					25,299,145		25,092,114		25,352,756
	Healthcare, Education and Childcare — 0.00%*:
			Advanz Pharma Corp., 1M LIBOR + 5.500%+~		6.50		9/6/2024		0		(2,945)		0
			Envision Healtcare, 1M LIBOR + 3.750%~		3.87		10/10/2025		0		(32,012)		0
				Total Healthcare, Education and Childcare					0		-34,957		0
	Leisure, Amusement, Entertainment — 0.10%*:
			Odeon Cinemas Group T/L B 2		10.75		8/11/2023		185,000		216,643		219,120
			Odeon Cinemas Group T/L B		10.75		8/11/2023		87,500		116,689		121,834
				Total Leisure, Amusement, Entertainment					272,500		333,332		340,954
	Mining, Steel, Iron and Non-Precious Metals — 0.00%*:
			Boomerang Tube, LLC, 3M LIBOR + 6.500%¤~		0.00		6/30/2022		2,608,648		2,608,648		0
				Total Mining, Steel, Iron and Non-Precious Metals					2,608,648		2,608,648		0
	Oil and Gas — 0.10%*:
			Fieldwood Energy LLC, 1M LIBOR + 7.250%~		0.00		4/11/2023		7,481,592		2,720,500		346,024
				Total Oil and Gas					7,481,592		2,720,500		346,024
	Personal Transportation — 0.09%*:
			Naviera Armas Bridge, 1M LIBOR + 2.500%¤+~		2.37			4/30/2021	106,472		128,522		122,363
			Naviera Armas Bridge, 1M LIBOR + 2.500%¤+~		5.00		4/30/2021		60,543		73,027		69,579
			Naviera Armas Bridge, 1M LIBOR + 2.500%¤+~		5.00		7/31/2021		112,737		127,560		129,563
				Total Personal Transportation					279,751		329,109		321,504
	Telecommunications — 0.40%*:
			Syniverse Holdings T/L, 3M LIBOR + 5.000%		6.00		3/9/2023		1,427,359		1,313,170		1,406,106
				Total Telecommunications					1,427,359		1,313,170		1,406,106
				Total Bank Loans					44,449,868		39,520,841		34,307,496
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds — 116.22%*:
	Aerospace and Defense — 4.21%*:
			TransDigm Group, Inc.#		7.50	%	3/15/2027		6,000,000	$	6,022,172	$	6,390,000
			Triumph Group, Inc.#		7.75		8/15/2025		8,289,000		8,292,874		8,330,445
				Total Aerospace and Defense					14,289,000		14,315,046		14,720,445
	Automotive — 5.25%*:
			AA Bond Co. Ltd.+^		6.50		1/31/2026		1,350,000		1,843,683		1,919,279
			Aston Martin Capital Holdings Ltd+^		10.50		11/30/2025		850,000		926,642		938,761
			Ford Motor Company#		9.63		4/22/2030		2,000,000		2,590,998		2,791,080
			Ford Motor Company#		7.45		7/16/2031		2,000,000		2,321,600		2,521,660
			Power Solutions^#		8.50		5/15/2027		8,965,000		9,056,718		9,653,153
			Real Hero Merger Sub 2 Inc.^		6.25		2/1/2029		499,000		499,000		515,218
				Total Automotive					15,664,000		17,238,641		18,339,151
	Beverage, Food and Tobacco — 2.12%*:
			Boparan Finance PLC+^		7.63		11/30/2025		750,000		1,037,046		1,017,929
			Kehe Distributors, LLC^#		8.63		10/15/2026		1,159,000		1,159,000		1,289,388
			Manitowoc Foodservice#		9.50		2/15/2024		3,074,000		3,186,482		3,166,220
			Refresco Group N.V.+^#		6.50		5/15/2026		1,600,000		1,931,865		1,941,998
				Total Beverage, Food and Tobacco					6,583,000		7,314,393		7,415,534
	Broadcasting and Entertainment — 6.74%*:
			Arqiva Broadcast+^#		6.75		9/30/2023		2,400,000		3,037,737		3,416,188
			Banijay+^#		6.50		3/1/2026		2,500,000		2,761,119		2,984,350
			Beasley Mezzanine Holdings LLC^#		8.63		2/1/2026		1,801,000		1,801,000		1,810,005
			Clear Channel Worldwide Holdings Inc.#		9.25		2/15/2024		4,664,000		4,900,090		4,851,959
			Clear Channel Worldwide Holdings Inc.^#		7.75		4/15/2028		2,568,000		2,595,339		2,545,735
			Cox Media Group^#		8.88		12/15/2027		3,837,000		3,994,426		4,128,804
			Dish DBS Corp.#		7.75		7/1/2026		673,000		614,034		741,310
			iHeartCommunications, Inc.#		8.38		5/1/2027		570,000		609,525		612,038
			Univision Communications Inc.^#		9.50		5/1/2025		2,234,000		2,469,130		2,446,230
				Total Broadcasting and Entertainment					21,247,000		22,782,401		23,536,618
	Buildings and Real Estate — 3.10%*:
			New Enterprise Stone & Lime Co.^#		9.75		7/15/2028		665,000		665,000		744,800
			Realogy Group^#		9.38		4/1/2027		3,763,000		3,590,847		4,167,461
			Realogy Group^		7.63		6/15/2025		329,000		329,000		359,202
			Service Properties Trust		4.38		2/15/2030		400,000		349,011		367,480
			Stl Hldg Co LLC^#		7.50		2/15/2026		4,981,000		5,022,597		5,180,240
				Total Buildings and Real Estate					10,138,000		9,956,455		10,819,183
	Cargo Transport — 2.89%*:
			Kenan Advantage^#		7.88		7/31/2023		10,125,000		10,155,516		10,099,688
				Total Cargo Transport					10,125,000		10,155,516		10,099,688
	Chemicals, Plastics and Rubber — 3.16%*:
			Consolidated Energy Finance S.A.^#		6.88		6/15/2025		3,560,000		3,432,686		3,626,750
			Consolidated Energy Finance S.A.^#		6.50		5/15/2026		2,799,000		2,058,891		2,797,251
			CVR Partners LP^#		9.25		6/15/2023		4,576,000		4,544,302		4,616,040
				Total Chemicals, Plastics and Rubber					10,935,000		10,035,879		11,040,041
	Containers, Packaging, and Glass — 3.59%*:
			Mauser Packaging Solutions^#		7.25		4/15/2025		4,067,000		3,954,491		4,067,000
			Tekni-Plex^#		9.25		8/1/2024		8,000,000		7,908,361		8,480,000
				Total Containers, Packaging, and Glass					12,067,000		11,862,853		12,547,000
	Diversified/Conglomerate Manufacturing — 1.58%*:
			Heat Exchangers+^		7.78		10/9/2025		625,000		659,223		625,748
			Manitowoc Cranes^#		9.00		4/1/2026		4,538,000		4,545,698		4,895,368
				Total Diversified/Conglomerate Manufacturing					5,163,000		5,204,921		5,521,115
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Diversified/Conglomerate Service — 4.92%*:
			Algeco Scotsman+^#		6.50	%	2/15/2023		1,750,000	$	2,144,349	$	2,084,149
			Carlson Travel Holdings Inc.^#		11.50		12/15/2026		6,078,253		6,086,158		4,619,472
			Powerteam Services LLC^#		9.03		12/4/2025		2,750,000		2,978,872		3,053,325
			Summer BC Holdco+^		9.25		10/31/2027		2,477,880		3,085,660		3,123,756
			Verisure Midholding+^		5.25		2/15/2029		3,575,000		4,325,356		4,330,767
				Total Diversified/Conglomerate Service					16,631,133		18,620,395		17,211,469
	Diversified Natural Resources, Precious Metals and Minerals — 0.00%*:
			Northwest Acquisitions ULC+^		7.13		11/1/2022		16,122,000		12,424,805		1,612
				Total Diversified Natural Resources, Precious Metals and Minerals					16,122,000		12,424,805		1,612
	Electronics — 6.16%*:
			Solera LLC^#		10.50		3/1/2024		1,000,000		1,046,809		1,033,100
			Veritas Bermuda Ltd.^#		10.50		2/1/2024		17,957,000		16,305,778		18,383,479
			Veritas Bermuda Ltd.^#		7.50		9/1/2025		2,024,000		2,024,000		2,104,960
				Total Electronics					20,981,000		19,376,587		21,521,539
	Finance — 4.44%*:
			Alliance Data Systems Corp.^#		7.00		1/15/2026		2,000,000		1,992,500		2,140,400
			Avolon Holdings^#		6.50		9/15/2024		8,512,391		6,776,745		8,163,383
			Galaxy Bidco Ltd.+^#		6.50		7/31/2026		1,000,000		1,294,855		1,458,980
			Garfunkelux Holdco+^		6.75		11/1/2025		450,000		533,833		545,389
			Travelex¤+^		12.50		8/5/2025		1,326,504		1,584,082		3,200,273
			Travelex¤+^#		8.00		5/15/2022		4,600,000		5,097,344		0
				Total Finance					17,888,895		17,279,359		15,508,424
	Healthcare, Education and Childcare — 8.21%*:
			Advanz Pharma Corp.+^		8.00		9/6/2024		3,743,000		3,684,730		3,836,201
			Bausch Health Companies Inc.^#		9.00		12/15/2025		11,045,000		11,251,666		11,997,631
			Cidron Aida Finco+		6.25		4/1/2028		1,650,000		2,275,266		2,297,448
			Community Health System Inc.^		6.88		4/15/2029		286,000		286,000		298,942
			Endo International^#		7.50		4/1/2027		1,890,000		1,890,000		2,009,448
			Endo Designated Activity Company^		9.50		7/31/2027		1,000,000		1,099,146		1,086,250
			Endo Designated Activity Company^		6.00		6/30/2028		1,500,000		1,323,939		1,215,000
			Radiology Partners Inc.^#		9.25		2/1/2028		2,586,000		2,774,784		2,815,508
			Verscend Technologies, Inc.^#		9.75		8/15/2026		2,915,000		3,066,067		3,125,521
				Total Healthcare, Education and Childcare					26,615,000		27,651,598		28,681,948
	Home and Office Furnishings, Housewares, and Durable Consumer Products — 1.43%*:
			Balta+^		8.75		12/31/2024		1,345,900		1,488,945		1,572,424
			BCPE Ulysses Intermediate Inc^#		7.75		4/1/2027		3,315,000		3,352,956		3,439,313
				Total Home and Office Furnishings, Housewares, and Durable Consumer Products					4,660,900		4,841,901		5,011,736
	Hotels, Motels, Inns and Gaming — 1.63%*:
			Boyne USA, Inc.^#		7.25		5/1/2025		950,000		950,000		987,525
			Scientific Games International Inc.^#		8.63		7/1/2025		4,325,000		4,411,573		4,702,140
				Total Hotels, Motels, Inns and Gaming					5,275,000		5,361,573		5,689,665
	Insurance — 1.51%*:
			Acrisure LLC^#		10.13		8/1/2026		4,575,000		4,724,869		5,272,688
				Total Insurance					4,575,000		4,724,869		5,272,688
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Leisure, Amusement, Entertainment — 3.04%*:
			AMC Entertainment Holdings Inc^		10.50	%	4/15/2025		227,000	$	226,433	$	241,188
			AMC Entertainment Holdings Inc^#		10.50		4/24/2026		814,000		810,900		860,805
			Carnival Corp.^		7.63		3/1/2026		1,000,000		1,185,944		1,267,745
			Center Parcs+^		6.50		8/28/2026		1,150,000		1,608,834		1,672,722
			Eldorado Resorts^#		8.13		7/1/2027		4,000,000		3,896,677		4,412,800
			Motion Finco+^		7.00		5/15/2025		1,750,000		1,931,831		2,162,540
				Total Leisure, Amusement, Entertainment					8,941,000		9,660,619		10,617,799
	Machinery (Non-Agriculture, Non-Construct, Non-Electronic) — 4.19%*:
			Diebold Nixdorf Inc.^#		9.38		7/15/2025		5,577,000		5,928,346		6,211,384
			Diebold Nixdorf Inc.^		9.00		7/15/2025		815,000		958,582		1,054,248
			Diebold Nixdorf Inc.#		8.50		4/15/2024		2,260,000		2,307,978		2,308,590
			Granite Holdings US Acquisition Co.^#		11.00		10/1/2027		1,000,000		1,122,569		1,127,500
			Sarens+^#		5.75		2/21/2027		1,625,000		1,783,930		1,864,673
			Titan Acquisition Ltd / Titan Co-Borrower LLC+^#		7.75		4/15/2026		2,000,000		2,073,046		2,079,600
				Total Machinery (Non-Agriculture, Non-Construct, Non-Electronic)					13,277,000		14,174,451		14,645,995
	Mining, Steel, Iron and Non-Precious Metals — 14.95%*:
			Cleveland-Cliffs Inc.^#		9.88		10/17/2025		3,970,000		4,342,909		4,651,054
			Consol Energy Inc.^#		11.00		11/15/2025		10,316,000		10,669,529		9,568,090
			First Quantum Minerals+^#		7.25		4/1/2023		2,000,000		1,950,809		2,035,000
			First Quantum Minerals+^#		7.50		4/1/2025		9,775,000		9,441,567		10,092,688
			First Quantum Minerals+^		6.88		10/15/2027		200,000		200,000		214,500
			Hecla Mining Company#		7.25		2/15/2028		4,699,000		5,098,099		5,039,678
			Perenti Finance Pty Ltd+^#		6.50		10/7/2025		2,500,000		2,500,000		2,641,127
			PIC AU Holdings LLC^		10.00		12/31/2024		6,043,000		5,423,806		5,544,453
			SunCoke Energy Inc.^#		7.50		6/15/2025		5,743,000		5,720,325		5,965,541
			United States Steel Corp.#		6.88		3/1/2029		2,834,000		2,804,000		2,904,850
			Warrior Met Coal Inc.^#		8.00		11/1/2024		3,513,000		3,583,691		3,600,825
				Total Mining, Steel, Iron and Non-Precious Metals					51,593,000		51,734,734		52,257,805
	Oil and Gas — 19.12%*:
			Antero Resources Corp.^		8.38		7/15/2026		451,000		452,547		497,228
			Antero Resources Corp.^		7.63		2/1/2029		1,907,000		2,023,932		2,030,955
			Calumet Specialty Products^#		11.00		4/15/2025		1,030,000		1,060,603		1,081,500
			Calumet Specialty Products^#		9.25		7/15/2024		2,850,000		2,754,085		3,092,250
			CGG+^		8.75		4/1/2027		2,136,000		2,136,000		2,152,447
			CGG SA+^		7.75		4/1/2027		2,500,000		2,978,389		2,917,102
			Comstock Resources Inc#		9.75		8/15/2026		600,000		651,595		652,500
			CVR Energy Inc.^#		5.75		2/15/2028		3,850,000		3,318,754		3,744,125
			Enlink Midstream Partners LP		4.85		7/15/2026		200,000		175,582		193,206
			Enlink Midstream Partners LP		5.60		4/1/2044		5,413,000		3,557,581		4,492,790
			Enlink Midstream Partners LP		5.45		6/1/2047		1,000,000		854,050		806,620
			Genesis Energy LP#		7.75		2/1/2028		3,408,000		3,119,241		3,409,022
			Genesis Energy LP#		8.00		1/15/2027		1,639,000		1,636,951		1,659,520
			Harvest Midstream I L P^		7.50		9/1/2028		458,000		458,000		492,213
			Hilcorp Energy I L P^#		6.25		11/1/2028		3,202,000		2,788,688		3,298,060
			KCA Deutag+^		9.88		12/1/2025		1,179,286		1,179,286		1,289,846
			Laredo Petroleum Inc.#		10.13		1/15/2028		2,765,000		2,670,666		2,650,280
			MEG Energy Corp.+^#		7.13		2/1/2027		2,698,000		2,527,521		2,826,155
			Neptune Energy Bondco PLC^#		6.63		5/15/2025		4,856,000		4,475,817		4,874,210
			NGL Energy Finance Corp^#		7.50		2/1/2026		524,000		524,000		537,658
			Occidental Pete Corp.#		8.50		7/15/2027		4,523,000		4,571,772		5,359,755
			Occidental Pete Corp.#		7.88		9/15/2031		2,500,000		2,656,518		2,937,500
			Occidental Pete Corp.		4.50		7/15/2044		586,000		436,552		498,100
			Ovintiv Inc.#		6.50		8/15/2034		500,000		478,054		601,198
			Ovintiv Inc.#		6.50		2/1/2038		2,000,000		1,837,871		2,418,263
			PBF Holding Co LLC^#		9.25		5/15/2025		1,196,000		1,188,122		1,219,531
			PBF Holding Co LLC		6.00		2/15/2028		6,000,000		4,963,307		4,432,500
			Range Resources Corp^		8.25		1/15/2029		494,000		501,294		528,580
			Southwestern Energy Co.		8.38		9/15/2028		449,000		449,000		492,778
			Welltec A/S+^#		9.50		12/1/2022		5,713,000		5,680,233		5,627,305
				Total Oil and Gas					66,627,286		62,106,010		66,813,197
	Personal Transportation — 1.32%*:
			American Airlines^#		11.75		7/15/2025		3,337,000		3,361,754		4,125,366
			Naviera Armas, 3M EURIBOR + 4.250%+^~		4.25		11/15/2024		150,000		127,479		107,060
			Naviera Armas, 3M EURIBOR + 6.500%+^~		6.50		7/31/2023		525,000		608,346		368,552
				Total Personal Transportation					4,012,000		4,097,578		4,600,978
					EFFECTIVE INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Printing and Publishing — 2.52%*:
			Cimpress N.V.^#		7.00	%	6/15/2026		2,069,000	$	2,069,000	$	2,184,243
			Houghton Mifflin Harcourt Publishers Inc.^#		9.00		2/15/2025		3,000,000		2,952,289		3,210,000
			McGraw Hill LLC / McGraw-Hill Global Education Finance Inc^#		8.00		11/30/2024		3,369,000		3,411,502		3,398,647
				Total Printing and Publishing					8,438,000		8,432,792		8,792,891
	Retail Store — 1.63%*:
			At Home Holding III INC^#		8.75		9/1/2025		2,000,000		2,098,320		2,182,500
			Casino Guichard Perracho+^		6.63		1/15/2026		1,050,000		1,279,474		1,302,141
			Michaels Stores Inc.^#		8.00		7/15/2027		2,000,000		2,101,100		2,210,000
				Total Retail Store					5,050,000		5,478,894		5,694,641
	Telecommunications — 8.51%*:
			Altice France Holding S.A.^#		10.50		5/15/2027		2,000,000		2,243,029		2,251,900
			BMC Software^#		9.75		9/1/2026		9,682,000		9,556,943		10,316,926
			Commscope Inc.^#		8.25		3/1/2027		11,673,000		11,689,538		12,490,110
			Consolidated Communications^#		6.50		10/1/2028		832,000		832,000		898,668
			Digicel Limited ¤+^#		8.25		9/30/2020		2,500,000		2,491,364		0
			Northwest Fiber LLC^#		10.75		6/1/2028		1,206,000		1,329,109		1,362,418
			Uniti Group LP / Uniti Group Finance Inc.^		6.50		2/15/2029		330,000		330,000		328,020
			Viasat^		6.50		7/15/2028		790,000		790,000		831,917
			Windstream Escrow LLC^#		7.75		8/15/2028		1,251,000		1,246,000		1,271,329
				Total Telecommunications					30,264,000		30,507,983		29,751,289
				Total Corporate Bonds					407,162,213		405,340,254		406,112,450
				Total Fixed Income					496,112,081		488,651,923		483,081,269
				Total Investments					497,833,586		501,408,124		491,249,798
Other assets and liabilities — (40.58)%													(141,810,939)
				Net Assets — 100%								$	349,438,859
‡		The effective interest rates are based on settled commitment amount.
*		Calculated as a percentage of net assets applicable to common shareholders.
¤		Value determined using significant unobservable inputs, security is categorized as Level 3.
+		Foreign security.
^		Security exempt from registration under Rule 144a of the Securities Act of 1933.  These securities may only be resold in transactions exempt from registration, normally to qualified institutional buyers.
~		Variable rate security.  The interest rate shown is the rate in effect at March 31, 2021.
#		All or a portion of the security is segregated as collateral for the credit facility.
§		Bank loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for bank loans are the current interest rates at March 31, 2021. Bank loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown.
		Distributions of investments by country of risk.  Percentage of assets are expressed by market value excluding cash and accrued income as of March 31, 2021.
				United States	79.4%
				United Kingdom	6.9%
				France	2.9%
				Canada	2.9%
				Zambia	2.5%
				Australia	1.7%
				Denmark	1.1%
				Sweden	0.9%
				Belgium	0.7%
				(Individually less than 1%)	1.0%
					100.0%

 

A summary of outstanding derivatives at March 31, 2021 is as follows:
Schedule of Open Forward Currency Contracts
March 31, 2021
					Forward		Unrealized
Currency to be		Currency to be		Counterparty of	Settlement		Appreciation /
Received		Delivered(1)		Contract	Date		(Depreciation)
34,722,039	USD	(29,106,625)	EUR	Morgan Stanley	4/16/2021		577,428
1,661,356	EUR	(1,961,837)	USD	Morgan Stanley	4/16/2021		(12,922)
19,672,000	USD	(14,238,036)	GBP	Morgan Stanley	4/16/2021		42,441
2,437,597	GBP	(3,388,199)	USD	Morgan Stanley	4/16/2021		(27,556)
7,124,651	CAD	(9,016,930)	USD	JP Morgan Chase	4/16/2021		(50,735)
1,133,832	USD	(905,709)	CAD	JP Morgan Chase	4/16/2021		(3,442)
						$	525,214
(1) Values are listed in U.S. dollars.

Schedule of Investments.

Valuation of Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  A three-tier hierarchy is utilized to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.  Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk.  For example, market participants would consider the risk inherent in a particular valuation technique used to measure fair value, such as a pricing model, and/or the risk inherent in the inputs to the valuation technique.  Inputs may be observable or unobservable.  Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity.  Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances.  The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.  To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  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 level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the inputs used as of March 31, 2021 in valuing the Fund’s investments:

Description	Level 1		Level 2		Level 3		Total Investments
Assets:
Equities:
Common Stocks	$	5,268,186	$		$	2,678,656	$	7,946,842
Preferred Stocks		-		-		-		-
Warrants		-		-		221,687		221,687
Total Equities:		5,268,186				2,900,343		8,168,529
Fixed Income:
Asset-Backed	$	-	$	42,661,322	$	-	$	42,661,322
Securities    Bank Loans		-		33,985,992		321,504		34,307,496
Corporate Bonds		-		402,912,177		3,200,273		406,112,450
Total Fixed Income	$	-	$	479,559,491	$	3,521,777	$	483,081,268
Derivative Securities:
Foreign Exchange Contracts:	$	-	$	525,214	$	-	$	525,214
Total Derivative Securities	$	-	$	525,214	$	-	$	525,214
Total Assets	$	5,268,186	$	480,084,705	$	6,422,120	$	491,775,011

The following table is a summary of quantitative information about significant unobservable valuation inputs for Level 3 fair value measurement for investments held as of September 30, 2020:

Type of Assets	Fair Value as of March 31, 2021	Valuation Technique(s)	Unobservable Input
Equities
Boomerang Tube Holdings, Inc.	$0	Analyst Priced	Default, priced at zero
ESC CB 144A High Ridge	$41,748	Broker Quote	$14.00; Broker quote depth of 1
Fieldwood Energy LLC	$0	Broker Quote	$0.01; Price taken from Barings sourced via Markit
Travelex Topco Limited Warrants	$221,687	Broker Quote	$72.50; Price taken from Barings sourced via Markit
KCA Deutag Ordinary A Shares	$1,627,365	Broker Quote	$69.00; Price taken from Barings sourced via Markit
Sabine Oil & Gas LLC	$56,446	Withholding Tax Reclaim	Priced at value of the withholding tax reclaim
Pinnacle Operating Corp.$0Zero ValueValued at ZeroTourmaline Escrow Cash	$953,097	Withholding Tax Reclaim	Priced at value of the withholding tax reclaim
Travelex Private Equity	$0	Zero Value	Valued at Zero.
Bank Loans
Boomerang Tube, LLC	$0	Analyst Priced	Default, priced at zero
Naviera Armas Bridge, 1M LIBOR + 2.500%	$122,363	Priced at Cost	98.00; Priced at restructure cost less OID
Naviera Armas Bridge, 1M LIBOR + 2.500%	$69,579	Priced at Cost	98.00; Priced at restructure cost less OID
Naviera Armas Bridge, 1M LIBOR + 2.500%	$129,563	Priced at Cost	98.00; Priced at restructure cost less OID
Corporate Bonds
Digicel Limited Appvion Inc.	$0 $0	Zero Value Zero Value	Valued at Zero Valued at Zero
Travelex	$3,200,273	Broker Quote	$175.00; Price taken from Barings sourced via Markit

Although the Fund believes the valuation methods described above are appropriate, the use of different methodologies or assumptions to determine fair value could result in different estimates of fair value at the reporting date.

The Fund discloses transfers between levels based on valuations at the end of the reporting period. Based on end of period market values, $1,223,509 was transferred from Level 3 to Level 2 for the period from January 1, 2021 through March 31, 2021. The following is a reconciliation of Level 3 investments based upon the inputs used to determine fair value:

	BALANCE AT DECEMBER 31, 2020	TRANSFERS INTO LEVEL 3	TRANSFERS OUT OF LEVEL 3	PURCHASES	SALES	ACCRETION OF DISCOUNT	REALIZED GAIN / (LOSS)	CHANGE IN UNREALIZED	BALANCE AT MARCH 31, 2021	CHANGE IN UNREALIZED APPRECIATION / (DEPRECIATION) FROM INVESTMENTS HELD AS OF MARCH 31, 2021
Equities
Boomerang Tube Holdings, Inc.	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
ESC CB 144A High Ridge	$0	$0	$0	$0	$0	$0	$0	$41,748	$41,748	$41,748
Fieldwood Energy LLC	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Jupiter Resources Inc.	$3,749,198	$0	$0	$0	($3,948,373)	$0	($1,714,169)	$1,913,344	$0	$1,913,344
KCA Deutag Ordinary A Shares¤+	$955,193	$0	$0	$0	$0	$0	$0	$672,172	$1,627,365	$672,172
Sabine Oil & Gas LLC	$56,446	$0	$0	$0	$0	$0	$0	$0	$56,446	$0
Tourmaline Escrow Cash	$0	$0	$0	$0	$0	$0	$0	$953,097	$953,097	$953,097
Travelex Private Equity	$0	$0	$0	$1	($1)	$0	$1	($1)	$0	($1)
Common Stocks	$4,760,837	$0	$0	$0	($3,948,374)	$0	($1,714,168)	$3,580,360	$2,678,656	$3,580,360
Travelex Topco Limited Warrant¤+	$250,232	$0	$0	$0	$0	$0	$0	($28,545)	$221,687	($28,545)
Warrants	$250,232	$0	$0	$0	$0	$0	$0	($28,545)	$221,687	($28,545)
Total Equities	$5,011,068	$0	$0	$0	($3,948,374)	$0	($1,714,168)	$3,551,815	$2,900,343	$3,551,815
Fixed Income
Boomerang Tube, LLC	$104,346	$0	$0	$0	$0	$0	$0	($104,346)	($0)	($104,346)
Naviera Armas Bridge	$127,521	$0	$0	$0	$0	$217	$0	($5,375)	$122,363	($5,375)
Naviera Armas Bridge	$68,751	$0	$0	$0	$0	$3,854	$0	($3,026)	$69,579	($3,026)
Naviera Armas Bridge	$0	$0	$0	$127,560	$0	$0	$0	$2,002	$129,563	$2,002
Bank Loans	$300,618	$0	$0	$127,560	$0	$4,071	$0	($110,745)	$321,504	($110,745)
Digicel Limited	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
KCA Deutag	$1,223,509	$0	($1,223,509)	$0	$0	$0	$0	$0	$0	$0
Travelex	$4,959,932	$0	$0	$769,233	($3,203,708)	$16,392	$1,726,915	($1,068,491)	$3,200,273	($1,068,491)
Travelex	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Corporate Bonds	$6,183,441	$0	($1,223,509)	$769,233	($3,203,708)	$16,392	$1,726,915	($1,068,491)	$3,200,273	($1,068,491)
Total Fixed Income	$6,484,059	$0	($1,223,509)	$896,793	($3,203,708)	$20,463	$1,726,915	($1,179,236)	$3,521,777	($1,179,236)
Total	$11,495,127	$0	($1,223,509)	$896,793	($7,152,082)	$20,463	$12,747	$2,372,579	$6,422,120	$2,372,579