PORTFOLIO OF INVESTMENTS – as of September 30, 2020 (Unaudited)

Loomis Sayles Strategic Alpha Fund

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – 72.3% of Net Assets
	Non-Convertible Bonds – 70.8%
		ABS Car Loan – 7.4%
	$    2,590,000	American Credit Acceptance Receivables Trust, Series 2020-3, Class D, 2.400%, 6/15/2026, 144A	$	2,655,532
	2,805,000	AmeriCredit Automobile Receivables Trust, Series 2018-2, Class D, 4.010%, 7/18/2024(a)		2,980,258
	3,845,000	AmeriCredit Automobile Receivables Trust, Series 2018-3, Class D, 4.040%, 11/18/2024(a)		4,065,029
	480,000	AmeriCredit Automobile Receivables Trust, Series 2020-2, Class D, 2.130%, 3/18/2026		486,290
	1,210,000	Avid Automobile Receivables Trust, Series 2019-1, Class C, 3.140%, 7/15/2026, 144A		1,239,794
	1,035,000	Avid Automobile Receivables Trust, Series 2019-1, Class D, 4.030%, 7/15/2026, 144A		1,051,376
	845,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class B, 2.960%, 2/20/2027, 144A(a)		872,219
	1,785,000	California Republic Auto Receivables Trust, Series 2018-1, Class D, 4.330%, 4/15/2025		1,851,126
	135,000	CarMax Auto Owner Trust, Series 2018-1, Class D, 3.370%, 7/15/2024(a)		138,659
	1,435,000	CarMax Auto Owner Trust, Series 2018-2, Class D, 3.990%, 4/15/2025(a)		1,494,400
	137,353	CarMax Auto Owner Trust, Series 2018-4, Class A2B, 1-month LIBOR + 0.200%, 0.352%, 2/15/2022(a)(b)		137,357
	1,125,000	CarMax Auto Owner Trust, Series 2018-4, Class D, 4.150%, 4/15/2025		1,172,028
	2,350,000	CarMax Auto Owner Trust, Series 2019-1, Class D, 4.040%, 8/15/2025		2,416,643
	525,000	Credit Acceptance Auto Loan Trust, Series 2017-3A, Class C, 3.480%, 10/15/2026, 144A(a)		530,599
	1,205,000	Credit Acceptance Auto Loan Trust, Series 2018-2A, Class C, 4.160%, 9/15/2027, 144A(a)		1,244,855
	4,745,000	Credit Acceptance Auto Loan Trust, Series 2019-1A, Class C, 3.940%, 6/15/2028, 144A(a)		4,961,437
	2,653,079	Drive Auto Receivables Trust, Series 2018-1, Class D, 3.810%, 5/15/2024(a)		2,712,348
	195,000	Drive Auto Receivables Trust, Series 2018-3, Class D, 4.300%, 9/16/2024(a)		203,711
	2,395,000	Drive Auto Receivables Trust, Series 2018-5, Class D, 4.300%, 4/15/2026(a)		2,541,627
	1,330,000	Drive Auto Receivables Trust, Series 2019-1, Class D, 4.090%, 6/15/2026(a)		1,396,215
	1,390,000	DT Auto Owner Trust, Series 2018-2A, Class D, 4.150%, 3/15/2024, 144A(a)		1,434,926
	1,655,000	DT Auto Owner Trust, Series 2019-2A, Class D, 3.480%, 2/18/2025, 144A(a)		1,718,464
	240,000	DT Auto Owner Trust, Series 2020-2A, Class D, 4.730%, 3/16/2026, 144A		258,358
	1,110,000	DT Auto Owner Trust, Series 2020-3A, Class D, 1.840%, 6/15/2026, 144A		1,114,315
	1,265,000	Exeter Automobile Receivables Trust, Series 2020-2A, Class D, 4.730%, 4/15/2026, 144A		1,364,944

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Car Loan – continued
	$       800,000	Exeter Automobile Receivables Trust, Series 2020-3A, Class C, 1.320%, 7/15/2025	$	801,813
	635,000	First Investors Auto Owner Trust , Series 2019-2A, Class D, 2.800%, 12/15/2025, 144A		651,681
	1,475,000	First Investors Auto Owner Trust , Series 2019-2A, Class E, 3.880%, 1/15/2026, 144A		1,488,875
	650,000	Flagship Credit Auto Trust, Series 2016-3, Class D, 3.890%, 11/15/2022, 144A(a)		661,555
	3,305,000	Flagship Credit Auto Trust, Series 2019-2, Class D, 3.530%, 5/15/2025, 144A(a)		3,420,320
	1,260,000	GLS Auto Receivables Trust, Series 2018-3A, Class B, 3.780%, 8/15/2023, 144A(a)		1,282,383
	5,030,000	GLS Auto Receivables Trust, Series 2019-2A, Class C, 3.540%, 2/18/2025, 144A(a)		5,216,923
	4,375,000	GLS Auto Receivables Trust, Series 2020-3A, Class C, 1.920%, 5/15/2025, 144A(a)		4,448,102
	4,355,000	NextGear Floorplan Master Owner Trust, Series 2017-2A, Class A1, 1-month LIBOR + 0.680%, 0.832%, 10/17/2022, 144A(a)(b)		4,354,600
	2,590,000	NextGear Floorplan Master Owner Trust, Series 2018-1A, Class A1, 1-month LIBOR + 0.640%, 0.792%, 2/15/2023, 144A(a)(b)		2,591,216
	2,820,000	NextGear Floorplan Master Owner Trust, Series 2018-2A, Class A1, 1-month LIBOR + 0.600%, 0.752%, 10/15/2023, 144A(a)(b)		2,827,123
	2,018,061	Prestige Auto Receivables Trust, Series 2016-1A, Class D, 5.150%, 11/15/2021, 144A(a)		2,021,801
	910,000	Prestige Auto Receivables Trust, Series 2019-1A, Class E, 3.900%, 5/15/2026, 144A		919,893
	3,210,000	Santander Drive Auto Receivables Trust, Series 2020-1, Class D, 5.350%, 3/15/2028(a)		3,576,348
	3,585,000	Santander Drive Auto Receivables Trust, Series 2018-2, Class D, 3.880%, 2/15/2024(a)		3,711,698
	4,140,000	Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.220%, 7/15/2025(a)		4,277,228
	1,140,000	Santander Drive Auto Receivables Trust, Series 2020-2, Class D, 2.220%, 9/15/2026(a)		1,156,830
	353,000	Tidewater Auto Receivables Trust, Series 2018-AA, Class D, 4.300%, 11/15/2024, 144A(a)		363,180
	4,605,000	Volvo Financial Equipment Master Owner Trust, Series 2018-A, Class A, 1-month LIBOR + 0.520%, 0.672%, 7/17/2023, 144A(a)(b)		4,610,036
				88,424,115
		ABS Credit Card – 1.1%
	5,425,000	Discover Card Execution Note Trust, Series 2018-A3, Class A3, 1-month LIBOR + 0.230%, 0.382%, 12/15/2023(a)(b)		5,433,450
	640,000	Genesis Sales Finance Master Trust, Series 2019-AA, Class A, 4.680%, 8/20/2023, 144A(a)		643,330
	6,995,000	World Financial Network Credit Card Master Trust, Series 2019-C, Class M, 2.710%, 7/15/2026(a)		7,181,075
				13,257,855

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Home Equity – 7.6%
	$    1,016,252	Ajax Mortgage Loan Trust, Series 2017-B, Class A, 3.163%, 9/25/2056, 144A(a)(c)	$	1,013,473
	263,019	Alternative Loan Trust, Series 2004-16CB, Class 1A1, 5.500%, 7/25/2034(a)		271,669
	279,797	Alternative Loan Trust, Series 2004-16CB, Class 3A1, 5.500%, 8/25/2034(a)		289,267
	444,623	Alternative Loan Trust, Series 2005-J1, Class 2A1, 5.500%, 2/25/2025(d)(e)		450,091
	300,000	American Homes 4 Rent, Series 2014-SFR2, Class D, 5.149%, 10/17/2036, 144A(a)		331,416
	2,170,000	American Homes 4 Rent, Series 2014-SFR2, Class E, 6.231%, 10/17/2036, 144A(a)		2,446,916
	1,200,000	American Homes 4 Rent, Series 2014-SFR3, Class E, 6.418%, 12/17/2036, 144A(a)		1,352,394
	3,138,000	American Homes 4 Rent, Series 2015-SFR1, Class E, 5.639%, 4/17/2052, 144A(a)		3,468,123
	427,049	Banc of America Alternative Loan Trust, Series 2003-8, Class 1CB1, 5.500%, 10/25/2033		429,143
	476,561	Banc of America Funding Trust, Series 2005-7, Class 3A1, 5.750%, 11/25/2035		517,477
	313,715	Banc of America Funding Trust, Series 2007-4, Class 5A1, 5.500%, 11/25/2034(d)(e)		309,573
	1,615,000	Bayview Opportunity Master Fund V Trust, Series 2020-RN3, Class A1, 3.105%, 9/25/2035, 144A(c)		1,615,808
	3,887,722	Citigroup Mortgage Loan Trust, Series 2019-E, Class A1, 3.228%, 11/25/2070, 144A(a)(c)		3,931,331
	1,109,142	Citigroup Mortgage Loan Trust, Series 2018-A, Class A1, 4.000%, 1/25/2068, 144A(c)		1,114,084
	2,644,070	Citigroup Mortgage Loan Trust, Series 2018-C, Class A1, 4.125%, 3/25/2059, 144A(c)		2,688,329
	2,047,165	Citigroup Mortgage Loan Trust, Series 2019-B, Class A1, 3.258%, 4/25/2066, 144A(c)		2,070,402
	2,200,000	Colony American Finance Ltd., Series 2015-1, Class D, 5.649%, 10/15/2047, 144A		2,212,267
	1,065,000	Colony American Finance Ltd., Series 2016-1, Class C, 4.638%, 6/15/2048, 144A(a)(c)		1,065,970
	1,304,000	Connecticut Avenue Securities Trust, Series 2020-R01, Class 1M2, 1-month LIBOR + 2.050%, 2.198%, 1/25/2040, 144A(b)		1,277,702
	1,830,000	CoreVest American Finance Ltd., Series 2019-2, Class B, 3.424%, 6/15/2052, 144A(a)		1,873,164
	401,801	Countrywide Alternative Loan Trust, Series 2003-22CB, Class 1A1, 5.750%, 12/25/2033(a)		417,818
	716,668	Countrywide Alternative Loan Trust, Series 2004-J10, Class 2CB1, 6.000%, 9/25/2034		751,261
	49,850	Countrywide Home Loan Mortgage Pass Through Trust, Series 2004-HYB4, Class 2A1, 2.967%, 9/20/2034(a)(c)(d)(e)		47,805
	2,342,955	Credit Suisse Mortgage Trust, Series 2018-RPL2, Class A1, 4.311%, 8/25/2062, 144A(a)(c)		2,360,889
	1,033,993	Credit Suisse Mortgage Trust, Series 2018-RPL7, Class A1, 4.000%, 8/26/2058, 144A(a)		1,050,075
	4,055,000	Credit Suisse Mortgage Trust, Series 2018-RPL8, Class A2, 4.167%, 7/25/2058, 144A(c)		4,050,064
	2,531,620	Credit Suisse Mortgage Trust, Series 2019-RP10, Class A1, 3.120%, 12/26/2059, 144A(c)		2,427,872

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Home Equity – continued
	$    1,895,000	Credit Suisse Mortgage Trust, Series 2020-RPL3, Class A1, 2.691%, 3/25/2060, 144A(c)	$	1,894,941
	173,630	CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-27, Class 4A4, 5.750%, 11/25/2033(a)		182,758
	464,100	DSLA Mortgage Loan Trust, Series 2005-AR5, Class 2A1A, 1-month LIBOR + 0.330%, 0.486%, 9/19/2045(b)		346,130
	1,280,796	Dukinfield II PLC, Series 2, Class A, GBP 3-month LIBOR + 1.250%, 1.307%, 12/20/2052, (GBP)(a)(b)		1,655,817
	1,108,327	Federal National Mortgage Association Connecticut Avenue Securities, Series 2017-C05, Class 1M2, 1-month LIBOR + 2.200%, 2.348%, 1/25/2030(b)		1,093,010
	1,715,000	FirstKey Homes Trust, Series 2020-SRF1, Class E, 2.791%, 8/17/2037, 144A		1,754,155
	113,359	Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA1, Class M2, 1-month LIBOR + 1.800%, 1.948%, 7/25/2030(b)		111,377
	677,704	Grand Avenue Mortgage Loan Trust, Series 2017-RPL1, Class A1, 3.250%, 8/25/2064, 144A		663,945
	567,213	IndyMac Index Mortgage Loan Trust, Series 2004-AR7, Class A5, 1-month LIBOR + 1.220%, 1.368%, 9/25/2034(b)		519,319
	2,354,906	IndyMac Index Mortgage Loan Trust, Series 2006-AR2, Class 2A1, 1-month LIBOR + 0.210%, 0.358%, 2/25/2046(b)		1,884,353
	2,614,643	Invitation Homes Trust, Series 2018-SFR1, Class E, 1-month LIBOR + 2.000%, 2.151%, 3/17/2037, 144A(b)		2,617,497
	4,475,000	Invitation Homes Trust, Series 2018-SFR2, Class E, 1-month LIBOR + 2.000%, 2.152%, 6/17/2037, 144A(b)		4,479,901
	1,106,013	JPMorgan Mortgage Trust, Series 2004-S1, Class 2A1, 6.000%, 9/25/2034		1,170,301
	2,197,493	Legacy Mortgage Asset Trust, Series 2019-GS3, Class A1, 3.750%, 4/25/2059, 144A(c)		2,236,205
	1,971,111	Legacy Mortgage Asset Trust, Series 2020-GS1, Class A1, 2.882%, 10/25/2059, 144A(c)		1,976,107
	849,653	Legacy Mortgage Asset Trust, Series 2020-GS5, Class A1, 3.250%, 6/25/2060, 144A		855,059
	415,830	Lehman XS Trust, Series 2006-2N, Class 1A1, 1-month LIBOR + 0.260%, 0.408%, 2/25/2046(b)		366,385
	181,107	MASTR Adjustable Rate Mortgages Trust, Series 2004-4, Class 5A1, 3.375%, 5/25/2034(a)(c)(d)(e)		178,605
	271,561	MASTR Alternative Loan Trust, Series 2003-9, Class 4A1, 5.250%, 11/25/2033(a)		279,978
	237,222	MASTR Alternative Loan Trust, Series 2004-5, Class 1A1, 5.500%, 6/25/2034(a)		244,163
	298,500	MASTR Alternative Loan Trust, Series 2004-5, Class 2A1, 6.000%, 6/25/2034(a)		310,111
	836,803	MASTR Alternative Loan Trust, Series 2004-8, Class 2A1, 6.000%, 9/25/2034		865,313
	55,684	Merrill Lynch Mortgage Investors Trust, Series 2006-2, Class 2A, 2.842%, 5/25/2036(a)(c)(d)(e)		54,488
	389,128	Morgan Stanley Mortgage Loan Trust, Series 2005-7, Class 4A2, 5.500%, 11/25/2035(d)(e)		343,489
	808,402	Morgan Stanley Mortgage Loan Trust, Series 2005-7, Class 7A5, 5.500%, 11/25/2035(d)(e)		792,463

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Home Equity – continued
	$       752,806	New Residential Mortgage Loan Trust, Series 2020-NPL2, Class A1, 3.228%, 8/25/2060, 144A(c)	$	752,722
	895,000	Preston Ridge Partners Mortgage LLC, Series 2018-1A, Class A2, 5.000%, 4/25/2023, 144A(c)		896,798
	1,676,536	Preston Ridge Partners Mortgage LLC, Series 2019-4A, Class A1, 3.351%, 11/25/2024, 144A(c)		1,678,863
	3,608,415	Preston Ridge Partners Mortgage LLC, Series 2020-1A, Class A1, 2.981%, 2/25/2025, 144A(a)(c)		3,595,390
	1,005,000	Progress Residential Trust, Series 2019-SFR3, Class D, 2.871%, 9/17/2036, 144A		1,024,691
	681,000	Progress Residential Trust, Series 2017-SFR2, Class E, 4.142%, 12/17/2034, 144A		684,033
	564,000	Progress Residential Trust, Series 2018-SFR2, Class E, 4.656%, 8/17/2035, 144A		578,297
	715,000	Progress Residential Trust, Series 2018-SFR3, Class E, 4.873%, 10/17/2035, 144A		735,210
	2,398,000	Progress Residential Trust, Series 2019-SFR1, Class E, 4.466%, 8/17/2035, 144A		2,473,792
	785,000	Progress Residential Trust, Series 2020-SFR3, Class E, 2.296%, 10/17/2027, 144A		785,080
	27,601	RCO V Mortgage LLC, Series 2019-1, Class A1, 3.721%, 5/24/2024, 144A(a)(c)		27,818
	1,535,000	RCO V Mortgage LLC, Series 2020-1, Class A1, 3.105%, 9/25/2025, 144A(c)		1,535,768
	2,709,120	Structured Adjustable Rate Mortgage Loan Trust, Series 2005-14, Class A1, 1-month LIBOR + 0.310%, 0.458%, 7/25/2035(b)		1,957,832
	859,944	Towd Point Mortgage Trust, Series 2015-2, Class 1A13, 2.500%, 11/25/2060, 144A(a)(c)		867,951
	1,040,000	Tricon American Homes, Series 2020-SFR1, Class E, 3.544%, 7/17/2038, 144A		1,094,788
	3,823,925	Vericrest Opportunity Loan Trust, Series 2019-NPL5, Class A1A, 3.352%, 9/25/2049, 144A(c)		3,828,305
	1,229,218	Vericrest Opportunity Loan Trust, Series 2019-NPL9, Class A1A, 3.327%, 11/26/2049, 144A(c)		1,232,283
				90,459,874
		ABS Other – 5.2%
	670,201	Accelerated Assets LLC, Series 2018-1, Class B, 4.510%, 12/02/2033, 144A		677,954
	2,218,114	AIM Aviation Finance Ltd., Series 2015-1A, Class B1, 5.072%, 2/15/2040, 144A(c)		735,746
	350,000	Ascentium Equipment Receivables Trust, Series 2017-2A, Class C, 2.870%, 8/10/2022, 144A(a)		355,819
	955,833	Blackbird Capital Aircraft Lease Securitization Ltd., Series 2016-1A, Class A, 4.213%, 12/16/2041, 144A(a)(c)		850,615
	1,283,438	Blackbird Capital Aircraft Lease Securitization Ltd., Series 2016-1A, Class B, 5.682%, 12/16/2041, 144A(a)(c)		837,737
	250,000	CCG Receivables Trust, Series 2018-1, Class C, 3.420%, 6/16/2025, 144A(a)		253,690
	580,000	Chesapeake Funding II LLC, Series 2017-2A, Class D, 3.710%, 5/15/2029, 144A		583,635

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Other – continued
	$       775,000	Chesapeake Funding II LLC, Series 2017-4A, Class D, 3.260%, 11/15/2029, 144A	$	773,678
	790,000	Chesapeake Funding II LLC, Series 2018-1A, Class C, 3.570%, 4/15/2030, 144A(a)		805,950
	2,125,000	Chesapeake Funding II LLC, Series 2018-1A, Class D, 3.920%, 4/15/2030, 144A		2,145,987
	301,458	Diamond Resorts Owner Trust, Series 2017-1A, Class C, 6.070%, 10/22/2029, 144A		306,065
	1,189,666	Diamond Resorts Owner Trust, Series 2018-1, Class C, 4.530%, 1/21/2031, 144A		1,202,159
	1,636,223	Diamond Resorts Owner Trust, Series 2019-1, Class B, 3.530%, 2/20/2032, 144A(a)		1,655,050
	3,100,000	Fairstone Financial Issuance Trust I, Series 2019-1A, Class A, 3.948%, 3/21/2033, 144A, (CAD)(a)		2,330,186
	2,245,679	GCA2014 Holdings Ltd., Series 2014-1, Class C, 6.000%, 1/05/2030, 144A(d)(e)(f)(g)		756,434
	1,009,036	GCA2014 Holdings Ltd., Series 2014-1, Class D, 7.500%, 1/05/2030, 144A(d)(e)(f)(g)		115,504
	3,410,000	GCA2014 Holdings Ltd., Series 2014-1, Class E, Zero Coupon, 1/05/2030, 144A(d)(e)(f)(g)(h)		—
	712,764	Global Container Assets Ltd., Series 2015-1A, Class B, 4.500%, 2/05/2030, 144A(d)(f)(i)		611,488
	511,999	Hilton Grand Vacations Trust, Series 2018-AA, Class C, 4.000%, 2/25/2032, 144A(a)		522,939
	4,460,362	Horizon Aircraft Finance I Ltd., Series 2018-1, Class A, 4.458%, 12/15/2038, 144A(a)		4,213,642
	975,000	HPEFS Equipment Trust, Series 2020-1A, Class D, 2.260%, 2/20/2030, 144A(a)		980,431
	5,900,000	HPEFS Equipment Trust, Series 2020-2A, Class D, 2.790%, 7/22/2030, 144A(a)		5,977,768
	2,114,690	Kestrel Aircraft Funding Ltd., Series 2018-1A, Class A, 4.250%, 12/15/2038, 144A(a)		1,835,710
	1,295,919	MAPS Ltd., Series 2018-1A, Class A, 4.212%, 5/15/2043, 144A(a)		1,192,502
	1,726,248	MAPS Ltd., Series 2018-1A, Class B, 5.193%, 5/15/2043, 144A		1,030,699
	329,095	MVW LLC, Series 2020-1A, Class C, 4.210%, 10/20/2037, 144A		341,927
	536,386	MVW Owner Trust, Series 2019-1A, Class C, 3.330%, 11/20/2036, 144A		542,336
	3,120,000	OneMain Financial Issuance Trust, Series 2015-3A, Class B, 4.160%, 11/20/2028, 144A(a)		3,153,168
	3,230,000	OneMain Financial Issuance Trust, Series 2019-1A, Class D, 4.220%, 2/14/2031, 144A(a)		3,320,417
	1,110,000	OneMain Financial Issuance Trust, Series 2020-1A, Class B, 4.830%, 5/14/2032, 144A(a)		1,194,307
	1,020,000	OneMain Financial Issuance Trust, Series 2020-2A, Class C, 2.760%, 9/14/2035, 144A		1,029,314
	810,000	Oxford Finance Funding Trust, Series 2019-1A, Class A2, 4.459%, 2/15/2027, 144A(a)		834,468
	3,980,000	Republic Finance Issuance Trust, Series 2019-A, Class A, 3.430%, 11/22/2027, 144A(a)		4,046,164

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Other – continued
	$    4,079,743	S-Jets Ltd., Series 2017-1, Class A, 3.967%, 8/15/2042, 144A(a)	$	3,694,831
	3,718,000	SCF Equipment Trust LLC, Series 2018-1A, Class C, 4.210%, 4/20/2027, 144A(a)		3,808,742
	589,477	Sierra Timeshare Receivables Funding LLC, Series 2020-2A, Class C, 3.510%, 7/20/2037, 144A		594,309
	580,000	SoFi Consumer Loan Program Trust, Series 2018-1, Class B, 3.650%, 2/25/2027, 144A(a)		596,197
	1,690,000	SoFi Consumer Loan Program Trust, Series 2018-2, Class B, 3.790%, 4/26/2027, 144A(a)		1,733,155
	1,010,000	SoFi Consumer Loan Program Trust, Series 2018-4, Class C, 4.170%, 11/26/2027, 144A(a)		1,034,636
	4,130,000	SpringCastle America Funding LLC, Series 2020-AA, Class A, 1.970%, 9/25/2037, 144A		4,146,433
	1,021,957	Sprite Ltd., Series 2017-1, Class B, 5.750%, 12/15/2037, 144A		601,379
	436,300	Textainer Marine Containers VII Ltd., Series 2020-1A, Class A, 2.730%, 8/21/2045, 144A(a)		446,925
	1,037,652	Wave LLC, Series 2017-1A, Class B, 5.682%, 11/15/2042, 144A		745,366
				62,615,462
		ABS Student Loan – 1.4%
	2,659,781	Education Funding Trust, Series 2020-A, Class A, 2.790%, 7/25/2041, 144A(a)		2,771,906
	3,410,000	Navient Private Education Refi Loan Trust, Series 2019-FA, Class B, 3.120%, 8/15/2068, 144A(a)		3,477,533
	1,035,000	Navient Private Education Refi Loan Trust, Series 2018-A, Class B, 3.680%, 2/18/2042, 144A(a)		1,054,253
	695,000	Navient Private Education Refi Loan Trust, Series 2019-GA, Class B, 3.080%, 10/15/2068, 144A(a)		702,758
	840,000	Navient Private Education Refi Loan Trust, Series 2020-FA, Class B, 2.690%, 7/15/2069, 144A(a)		848,642
	682,000	SLM Private Credit Student Loan Trust, Series 2003-A, Class A3, 28-day ARS, 3.150%, 6/15/2032(a)(b)		668,364
	1,923,000	SLM Private Credit Student Loan Trust, Series 2003-B, Class A3, 28-day ARS, 3.180%, 3/15/2033(a)(b)		1,884,346
	208,000	SLM Private Credit Student Loan Trust, Series 2003-B, Class A4, 28-day ARS, 3.200%, 3/15/2033(a)(b)		203,819
	800,000	SMB Private Education Loan Trust, Series 2015-C, Class B, 3.500%, 9/15/2043, 144A(a)		836,870
	973,013	SMB Private Education Loan Trust, Series 2017-B, Class A2B, 1-month LIBOR + 0.750%, 0.902%, 10/15/2035, 144A(a)(b)		965,375
	190,000	SMB Private Education Loan Trust, Series 2018-B, Class B, 4.000%, 7/15/2042, 144A(a)		190,041
	510,000	SMB Private Education Loan Trust, Series 2018-C, Class B, 4.000%, 11/17/2042, 144A(a)		525,932
	641,622	SoFi Professional Loan Program LLC, Series 2016-A, Class B, 3.570%, 1/26/2038, 144A(a)		652,488
	125,000	SoFi Professional Loan Program LLC, Series 2016-C, Class B, 3.350%, 5/25/2037, 144A(a)(c)		127,618

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		ABS Student Loan – continued
	$    1,350,000	SoFi Professional Loan Program Trust, Series 2020-A, Class BFX, 3.120%, 5/15/2046, 144A(a)	$	1,405,238
				16,315,183
		ABS Whole Business – 1.8%
	4,201,866	Adams Outdoor Advertising LP, Series 2018-1, Class A, 4.810%, 11/15/2048, 144A(a)		4,371,956
	985,000	Arbys Funding LLC, Series 2020-1A, Class A2, 3.237%, 7/30/2050, 144A		1,014,442
	3,270,150	Coinstar Funding LLC, Series 2017-1A, Class A2, 5.216%, 4/25/2047, 144A		3,102,712
	495,000	DB Master Finance LLC, Series 2019-1A, Class A23, 4.352%, 5/20/2049, 144A		538,634
	2,829,003	Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118%, 7/25/2047, 144A(a)		3,051,362
	2,555,688	Planet Fitness Master Issuer LLC, Series 2019-1A, Class A2, 3.858%, 12/05/2049, 144A		2,397,158
	2,568,675	Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.540%, 2/25/2044, 144A(a)		2,767,995
	3,350,263	Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.884%, 3/15/2048, 144A(a)		3,526,620
	718,463	Wendy’s Funding LLC, Series 2019-1A, Class A2II, 4.080%, 6/15/2049, 144A		771,788
				21,542,667
		Aerospace & Defense – 3.1%
	1,635,000	Boeing Co. (The), 2.250%, 6/15/2026		1,591,472
	700,000	Boeing Co. (The), 2.950%, 2/01/2030		677,480
	70,000	Boeing Co. (The), 3.100%, 5/01/2026		69,828
	290,000	Boeing Co. (The), 3.250%, 2/01/2035		272,591
	1,065,000	Boeing Co. (The), 3.375%, 6/15/2046		912,755
	30,000	Boeing Co. (The), 3.550%, 3/01/2038		27,328
	90,000	Boeing Co. (The), 3.625%, 3/01/2048		79,092
	295,000	Boeing Co. (The), 3.650%, 3/01/2047		260,465
	2,135,000	Boeing Co. (The), 3.750%, 2/01/2050		1,948,209
	375,000	Boeing Co. (The), 3.825%, 3/01/2059		330,531
	325,000	Boeing Co. (The), 3.850%, 11/01/2048		297,807
	1,420,000	Boeing Co. (The), 3.900%, 5/01/2049		1,308,794
	575,000	Boeing Co. (The), 3.950%, 8/01/2059		520,526

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Aerospace & Defense – continued
	$    3,185,000	Boeing Co. (The), 5.150%, 5/01/2030(a)	$	3,579,968
	1,105,000	Boeing Co. (The), 5.705%, 5/01/2040		1,302,709
	8,950,000	Boeing Co. (The), 5.805%, 5/01/2050(a)		10,827,532
	1,685,000	Boeing Co. (The), 5.930%, 5/01/2060		2,085,422
	1,475,000	Embraer Netherlands Finance BV, 5.050%, 6/15/2025		1,416,000
	1,105,000	Embraer Netherlands Finance BV, 5.400%, 2/01/2027		1,049,198
	2,550,000	Leonardo U.S. Holdings, Inc., 6.250%, 1/15/2040, 144A		2,898,993
	305,000	Spirit AeroSystems, Inc., 4.600%, 6/15/2028		250,283
	2,580,000	Spirit AeroSystems, Inc., 7.500%, 4/15/2025, 144A		2,615,449
	3,010,000	TransDigm, Inc., 6.250%, 3/15/2026, 144A		3,143,328
				37,465,760
		Airlines – 0.4%
	6,950,000	United Airlines Pass Through Trust, Series 2019-2, Class B, 3.500%, 11/01/2029(a)		4,921,156
		Automotive – 2.6%
	2,960,000	FCE Bank PLC, EMTN, 0.869%, 9/13/2021, (EUR)		3,398,092
	370,000	FCE Bank PLC, EMTN, 1.134%, 2/10/2022, (EUR)		424,445
	1,580,000	FCE Bank PLC, EMTN, 1.875%, 6/24/2021, (EUR)		1,833,687
	1,530,000	Ford Motor Co., 8.500%, 4/21/2023		1,667,700
	1,800,000	Ford Motor Co., 9.000%, 4/22/2025		2,063,718
	400,000	Ford Motor Co., 9.625%, 4/22/2030		516,500
	655,000	Ford Motor Credit Co. LLC, 1.514%, 2/17/2023, (EUR)		728,190
	1,625,000	General Motors Co., 5.200%, 4/01/2045		1,750,393
	5,875,000	General Motors Co., 5.400%, 4/01/2048		6,501,637
	7,050,000	General Motors Co., 5.950%, 4/01/2049		8,260,737
	925,000	General Motors Co., 6.250%, 10/02/2043		1,096,184
	510,000	General Motors Co., 6.750%, 4/01/2046		627,798

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Automotive – continued
	$    2,245,000	Volkswagen Group of America Finance LLC, 3.350%, 5/13/2025, 144A(a)	$	2,451,419
				31,320,500
		Banking – 2.3%
	345,000	Ally Financial, Inc., 3.875%, 5/21/2024		367,664
	325,000	Ally Financial, Inc., 4.625%, 3/30/2025		356,995
	2,000,000	Ally Financial, Inc., 5.750%, 11/20/2025		2,242,371
	2,350,000	Ally Financial, Inc., 5.800%, 5/01/2025		2,710,398
	44,570,000	Banco Hipotecario S.A., Argentina Deposit Rates Badlar Pvt Banks + 4.000%, 33.688%, 11/07/2022, 144A, (ARS)(b)		309,389
	21,970,000	Banco Macro S.A., 17.500%, 5/08/2022, 144A, (ARS)		101,611
	4,460,000	Barclays PLC, (fixed rate to 9/23/2030, variable rate thereafter), 3.564%, 9/23/2035		4,407,550
	685,000	BBVA Bancomer S.A., 1.875%, 9/18/2025, 144A		669,245
	1,430,000	Danske Bank A/S, (fixed rate to 12/20/2024, variable rate thereafter), 3.244%, 12/20/2025, 144A(a)		1,517,659
	1,875,000	Deutsche Bank AG, (fixed rate to 9/18/2023, variable rate thereafter), 2.222%, 9/18/2024		1,888,031
	1,265,000	Deutsche Bank AG, (fixed rate to 9/18/2030, variable rate thereafter), 3.547%, 9/18/2031		1,278,205
	6,690,000	JPMorgan Chase & Co., (fixed rate to 3/24/2030, variable rate thereafter), 4.493%, 3/24/2031(a)		8,164,091
	1,100,000	Standard Chartered PLC, (fixed rate to 4/01/2030, variable rate thereafter), 4.644%, 4/01/2031, 144A(a)		1,266,190
	2,255,000	UniCredit SpA, (fixed rate to 9/22/2025, variable rate thereafter), 2.569%, 9/22/2026, 144A		2,234,890
				27,514,289
		Building Materials – 0.9%
	1,915,000	Builders FirstSource, Inc., 6.750%, 6/01/2027, 144A		2,051,444
	200,000	CEMEX Finance LLC, 6.000%, 4/01/2024, 144A		204,360
	3,360,000	Cemex SAB de CV, 5.200%, 9/17/2030, 144A		3,376,464
	1,725,000	Cemex SAB de CV, 5.450%, 11/19/2029, 144A		1,744,406
	615,000	Cemex SAB de CV, 5.700%, 1/11/2025, 144A		627,893
	210,000	Cemex SAB de CV, 7.750%, 4/16/2026, 144A		221,288
	1,970,000	Standard Industries, Inc., 4.375%, 7/15/2030, 144A		2,019,772

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Building Materials – continued
	$       805,000	Vulcan Materials Co., 3.500%, 6/01/2030(a)	$	901,537
				11,147,164
		Cable Satellite – 1.8%
	5,670,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A		5,860,569
	1,585,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 8/15/2030, 144A		1,664,321
	175,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 5/01/2032, 144A		182,656
	310,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 6/01/2029, 144A		335,963
	1,610,000	CSC Holdings LLC, 4.125%, 12/01/2030, 144A		1,640,992
	2,710,000	CSC Holdings LLC, 4.625%, 12/01/2030, 144A		2,730,325
	1,060,000	CSC Holdings LLC, 6.500%, 2/01/2029, 144A		1,175,275
	265,000	Sirius XM Radio, Inc., 4.625%, 7/15/2024, 144A		274,109
	1,355,000	Sirius XM Radio, Inc., 5.000%, 8/01/2027, 144A		1,412,587
	485,000	Sirius XM Radio, Inc., 5.375%, 7/15/2026, 144A		504,740
	110,000	Sirius XM Radio, Inc., 5.500%, 7/01/2029, 144A		117,975
	1,660,000	Virgin Media Finance PLC, 5.000%, 7/15/2030, 144A		1,651,700
	1,225,000	Virgin Media Secured Finance PLC, 5.500%, 8/15/2026, 144A		1,277,063
	1,725,000	Ziggo BV, 4.875%, 1/15/2030, 144A		1,785,168
	1,095,000	Ziggo BV, 5.500%, 1/15/2027, 144A		1,147,013
				21,760,456
		Chemicals – 0.3%
	1,540,000	Braskem Netherlands Finance BV, 4.500%, 1/31/2030, 144A		1,437,975
	2,305,000	Nutrition & Biosciences, Inc., 2.300%, 11/01/2030, 144A		2,324,401
				3,762,376
		Construction Machinery – 0.5%
	5,460,000	United Rentals North America, Inc., 4.000%, 7/15/2030		5,596,500

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Consumer Cyclical Services – 2.6%
	$    2,045,000	Booking Holdings, Inc., 4.500%, 4/13/2027(a)	$	2,401,123
	3,325,000	Booking Holdings, Inc., 4.625%, 4/13/2030(a)		3,994,633
	270,000	eBay, Inc., 4.000%, 7/15/2042(a)		301,753
	5,190,000	Expedia Group, Inc., 3.250%, 2/15/2030		5,000,619
	1,375,000	Expedia Group, Inc., 4.625%, 8/01/2027, 144A		1,442,953
	4,395,000	Expedia Group, Inc., 6.250%, 5/01/2025, 144A		4,847,285
	2,250,000	Expedia Group, Inc., 7.000%, 5/01/2025, 144A		2,433,526
	515,000	Uber Technologies, Inc., 7.500%, 5/15/2025, 144A		548,779
	265,000	Uber Technologies, Inc., 6.250%, 1/15/2028, 144A		272,208
	4,580,000	Uber Technologies, Inc., 7.500%, 9/15/2027, 144A		4,900,600
	5,160,000	Uber Technologies, Inc., 8.000%, 11/01/2026, 144A		5,499,477
				31,642,956
		Consumer Products – 0.1%
	930,000	Kimberly-Clark de Mexico SAB de CV, 2.431%, 7/01/2031, 144A(a)		946,526
		Diversified Manufacturing – 0.2%
	1,515,000	General Electric Co., 3.625%, 5/01/2030(a)		1,568,954
	720,000	General Electric Co., 4.350%, 5/01/2050(a)		734,120
				2,303,074
		Electric – 1.7%
	965,000	AES Corp. (The), 3.950%, 7/15/2030, 144A		1,066,286
	985,000	AES Corp. (The), 5.125%, 9/01/2027		1,049,124
	325,000	AES Corp. (The), 5.500%, 4/15/2025		335,030
	115,000	AES Corp. (The), 6.000%, 5/15/2026		120,799
	1,165,000	Calpine Corp., 5.125%, 3/15/2028, 144A		1,205,775
	1,210,000	Enel SpA, (fixed rate to 9/24/2023, variable rate thereafter), 8.750%, 9/24/2073, 144A(a)		1,412,288
	270,000	IPALCO Enterprises, Inc., 4.250%, 5/01/2030, 144A		305,492
	480,000	NRG Energy, Inc., 5.250%, 6/15/2029, 144A		522,000
	1,075,000	NRG Energy, Inc., 5.750%, 1/15/2028		1,159,656

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Electric – continued
	$    1,785,000	Pacific Gas & Electric Co., 3.500%, 8/01/2050	$	1,609,393
	10,765,000	Vistra Operations Co. LLC, 3.700%, 1/30/2027, 144A(a)		11,321,157
				20,107,000
		Finance Companies – 3.3%
	905,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.650%, 7/21/2027		828,972
	2,430,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.875%, 1/23/2028		2,239,795
	2,745,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.500%, 9/15/2023(a)		2,828,862
	1,140,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.500%, 7/15/2025		1,230,705
	2,755,000	Air Lease Corp., 3.375%, 7/01/2025(a)		2,815,224
	6,000,000	Aircastle Ltd., 4.250%, 6/15/2026(a)		5,549,280
	1,480,000	Aviation Capital Group LLC, 5.500%, 12/15/2024, 144A		1,526,968
	5,755,000	GE Capital Funding LLC, 4.400%, 5/15/2030, 144A(a)		6,180,345
	90,000	Navient Corp., 5.875%, 10/25/2024		89,494
	280,000	OneMain Finance Corp., 5.375%, 11/15/2029		291,200
	190,000	OneMain Finance Corp., 6.625%, 1/15/2028		210,862
	5,000	OneMain Finance Corp., 6.875%, 3/15/2025		5,548
	3,218,000	OneMain Finance Corp., 7.125%, 3/15/2026		3,595,150
	1,855,000	OneMain Finance Corp., 8.875%, 6/01/2025		2,054,412
	5,865,000	Quicken Loans LLC, 5.250%, 1/15/2028, 144A		6,179,716
	1,555,000	Quicken Loans LLC/Quicken Loans Co-Issuer, Inc., 3.625%, 3/01/2029, 144A		1,541,394
	2,055,000	Quicken Loans LLC/Quicken Loans Co-Issuer, Inc., 3.875%, 3/01/2031, 144A		2,029,313
				39,197,240
		Financial Other – 0.5%
	2,595,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.750%, 9/15/2024		2,627,437
	2,525,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.250%, 5/15/2027		2,630,545
	485,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.250%, 5/15/2026		505,613
				5,763,595

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Food & Beverage – 0.9%
	$    3,256,000	Fomento Economico Mexicano SAB de CV, 3.500%, 1/16/2050(a)	$	3,463,596
	1,455,000	Kraft Heinz Foods Co., 4.375%, 6/01/2046		1,492,932
	2,305,000	Kraft Heinz Foods Co., 4.875%, 10/01/2049, 144A		2,432,507
	715,000	Kraft Heinz Foods Co., 5.000%, 6/04/2042		783,013
	680,000	Lamb Weston Holdings, Inc., 4.875%, 5/15/2028, 144A		734,400
	1,300,000	NBM U.S Holdings, Inc., 7.000%, 5/14/2026, 144A		1,376,037
	250,000	Post Holdings, Inc., 5.750%, 3/01/2027, 144A		262,812
	385,000	Smithfield Foods, Inc., 3.000%, 10/15/2030, 144A		385,831
				10,931,128
		Government Owned—No Guarantee – 1.9%
	4,120,000	Export-Import Bank of Korea, 3-month LIBOR + 0.525%, 0.750%, 6/25/2022(a)(b)		4,136,288
	9,393,000,000	Financiera de Desarrollo Territorial S.A., 7.875%, 8/12/2024, 144A, (COP)(a)		2,665,817
	12,050,000	Petroleos Mexicanos, 5.950%, 1/28/2031, 144A(a)		10,176,225
	5,290,000	Petroleos Mexicanos, 6.625%, 6/15/2035(a)		4,393,054
	1,770,000	YPF S.A., 6.950%, 7/21/2027, 144A		1,181,475
				22,552,859
		Government Sponsored – 0.1%
	950,000	Petrobras Global Finance BV, 7.250%, 3/17/2044		1,082,525
		Health Insurance – 0.0%
	300,000	Centene Corp., 4.625%, 12/15/2029		323,598
		Healthcare – 0.5%
	380,000	Encompass Health Corp., 4.750%, 2/01/2030		385,525
	3,240,000	Hologic, Inc., 3.250%, 2/15/2029, 144A		3,260,250
	735,000	IQVIA, Inc., 5.000%, 5/15/2027, 144A		770,699
	890,000	Tenet Healthcare Corp., 4.625%, 6/15/2028, 144A		902,816
	340,000	Tenet Healthcare Corp., 4.875%, 1/01/2026, 144A		346,174
	135,000	Tenet Healthcare Corp., 5.125%, 5/01/2025		136,256

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Healthcare – continued
	$       235,000	Tenet Healthcare Corp., 6.125%, 10/01/2028, 144A	$	228,537
	255,000	Tenet Healthcare Corp., 6.250%, 2/01/2027, 144A		263,214
				6,293,471
		Home Construction – 0.2%
	1,361,000	Lennar Corp., 4.750%, 11/29/2027		1,553,922
	310,000	Lennar Corp., 4.875%, 12/15/2023		333,637
	30,000	Lennar Corp., 5.000%, 6/15/2027		33,900
				1,921,459
		Independent Energy – 1.1%
	4,360,000	Aker BP ASA, 3.750%, 1/15/2030, 144A		4,228,382
	1,520,000	Aker BP ASA, 4.000%, 1/15/2031, 144A		1,494,881
	865,000	Diamondback Energy, Inc., 3.500%, 12/01/2029		838,552
	1,300,000	Hess Corp., 5.600%, 2/15/2041		1,403,074
	1,790,000	Leviathan Bond Ltd., 6.125%, 6/30/2025, 144A		1,849,034
	1,295,000	Leviathan Bond Ltd., 6.500%, 6/30/2027, 144A		1,342,578
	585,000	Occidental Petroleum Corp., 2.700%, 8/15/2022		546,606
	127,000	Occidental Petroleum Corp., 2.700%, 2/15/2023		116,205
	885,000	Occidental Petroleum Corp., 2.900%, 8/15/2024		750,861
	340,000	Occidental Petroleum Corp., 3.500%, 6/15/2025		282,200
	75,000	Occidental Petroleum Corp., 5.550%, 3/15/2026		67,943
				12,920,316
		Industrial Other – 0.4%
	4,365,000	HTA Group Ltd. Co., 7.000%, 12/18/2025, 144A		4,560,334
		Life Insurance – 1.1%
	5,240,000	American International Group, Inc., 4.375%, 6/30/2050(a)		6,129,997
	620,000	Global Atlantic Finance Co., 4.400%, 10/15/2029, 144A		645,954
	6,780,000	New York Life Global Funding, 3-month LIBOR + 0.320%, 0.569%, 8/06/2021, 144A(a)(b)		6,797,105
				13,573,056

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Local Authorities – 0.1%
	67,000,000	Provincia de Buenos Aires, Argentina Deposit Rates Badlar Pvt Banks + 3.750%, 33.381%, 4/12/2025, 144A, (ARS)(b)	$	384,990
	216,360,000	Provincia de Buenos Aires, Argentina Deposit Rates Badlar Pvt Banks + 3.830%, 33.504%, 5/31/2022, (ARS)(b)		1,324,791
				1,709,781
		Lodging – 0.7%
	360,000	Hyatt Hotels Corp., 5.375%, 4/23/2025		387,560
	665,000	Hyatt Hotels Corp., 5.750%, 4/23/2030		763,595
	440,000	Marriott International, Inc., Series EE, 5.750%, 5/01/2025		491,049
	5,145,000	Marriott International, Inc., 3-month LIBOR + 0.650%, 0.898%, 3/08/2021(b)		5,124,119
	695,000	Marriott International, Inc., 4.625%, 6/15/2030		744,308
	735,000	Wyndham Destinations, Inc., 6.625%, 7/31/2026, 144A		769,993
				8,280,624
		Media Entertainment – 1.5%
	2,745,000	Clear Channel Worldwide Holdings, Inc., 5.125%, 8/15/2027, 144A		2,635,886
	2,830,000	iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A		2,667,126
	2,400,000	iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A		2,340,000
	750,000	iHeartCommunications, Inc., 6.375%, 5/01/2026		781,331
	3,150,000	iHeartCommunications, Inc., 8.375%, 5/01/2027		3,102,750
	415,000	Lamar Media Corp., 3.750%, 2/15/2028, 144A		412,925
	825,000	Lamar Media Corp., 4.000%, 2/15/2030, 144A		825,000
	615,000	Netflix, Inc., 4.875%, 4/15/2028		687,263
	2,030,000	Netflix, Inc., 4.875%, 6/15/2030, 144A		2,314,200
	490,000	Netflix, Inc., 5.375%, 11/15/2029, 144A		577,539
	1,075,000	Outfront Media Capital LLC/Outfront Media Capital Corp., 4.625%, 3/15/2030, 144A		1,032,000
				17,376,020
		Metals & Mining – 1.1%
	2,655,000	ABJA Investment Co. Pte Ltd., 5.450%, 1/24/2028		2,567,412
	400,000	ABJA Investment Co. Pte Ltd., 5.950%, 7/31/2024		411,000

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Metals & Mining – continued
	$    4,515,000	First Quantum Minerals Ltd., 6.875%, 3/01/2026, 144A	$	4,351,331
	425,000	First Quantum Minerals Ltd., 7.250%, 4/01/2023, 144A		424,469
	1,755,000	First Quantum Minerals Ltd., 7.500%, 4/01/2025, 144A		1,735,888
	1,270,000	Freeport-McMoRan, Inc., 4.375%, 8/01/2028		1,313,123
	885,000	Freeport-McMoRan, Inc., 4.625%, 8/01/2030		930,533
	1,155,000	Newcrest Finance Pty Ltd., 3.250%, 5/13/2030, 144A		1,259,871
	300,000	Novelis Corp., 4.750%, 1/30/2030, 144A		294,666
	360,000	Reliance Steel & Aluminum Co., 2.150%, 8/15/2030		352,241
				13,640,534
		Midstream – 1.0%
	5,460,000	Cheniere Corpus Christi Holdings LLC, 3.700%, 11/15/2029, 144A		5,675,032
	290,000	Gray Oak Pipeline LLC, 3.450%, 10/15/2027, 144A		296,306
	300,000	Kinder Morgan, Inc., 5.050%, 2/15/2046		338,694
	3,745,000	Sabine Pass Liquefaction LLC, 4.500%, 5/15/2030, 144A		4,218,561
	800,000	Tennessee Gas Pipeline Co. LLC, 7.000%, 3/15/2027		986,837
				11,515,430
		Non-Agency Commercial Mortgage-Backed Securities – 3.2%
	4,565,000	CFCRE Commercial Mortgage Trust, Series 2011-C1, Class D, 6.292%, 4/15/2044, 144A(a)(c)		4,472,462
	140,000	Commercial Mortgage Trust, Series 2012-LC4, Class C, 5.615%, 12/10/2044(a)(c)		113,623
	790,000	Credit Suisse Commercial Mortgage Securities Corp., Series 2019-SKLZ, Class D, 1-month LIBOR + 3.600%, 3.752%, 1/15/2034, 144A(b)		736,492
	5,680,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class E, 4.373%, 9/15/2037, 144A(f)(i)		3,865,020
	750,000	DBUBS Mortgage Trust, Series 2017-BRBK, Class D, 3.648%, 10/10/2034, 144A(c)		773,991
	2,552,340	DBUBS Mortgage Trust, Series 2011-LC1A, Class E, 5.790%, 11/10/2046, 144A(a)(c)		2,550,932
	3,195,000	GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class D, 3.668%, 3/05/2033, 144A(c)		2,532,944
	2,170,000	GS Mortgage Securities Trust, Series 2011-GC5, Class D, 5.555%, 8/10/2044, 144A(c)(f)(i)		1,727,551
	1,606,402	Hospitality Mortgage Trust, Series 2019-HIT, Class C, 1-month LIBOR + 1.600%, 1.752%, 11/15/2036, 144A(a)(b)		1,513,745
	1,570,000	Morgan Stanley Capital I Trust, Series 2011-C2, Class D, 5.661%, 6/15/2044, 144A(a)(c)		1,261,148

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Non-Agency Commercial Mortgage-Backed Securities – continued
	$    2,515,000	Morgan Stanley Capital I Trust, Series 2011-C2, Class E, 5.661%, 6/15/2044, 144A(c)	$	1,448,372
	3,680,137	Motel 6 Trust, Series 2017-M6MZ, Class M, 1-month LIBOR + 6.927%, 7.079%, 8/15/2024, 144A(b)		3,107,353
	1,060,000	Starwood Retail Property Trust, Series 2014-STAR, Class C, 1-month LIBOR + 2.750%, 2.902%, 11/15/2027, 144A(b)(d)(e)(f)		740,509
	4,243,654	Starwood Retail Property Trust, Series 2014-STAR, Class D, 1-month LIBOR + 3.500%, 3.652%, 11/15/2027, 144A(b)(d)(e)(f)		2,622,611
	3,575,000	Starwood Retail Property Trust, Series 2014-STAR, Class E, 1-month LIBOR + 4.400%, 4.552%, 11/15/2027, 144A(b)(d)(e)(f)		1,191,760
	1,370,000	UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class E, 5.046%, 5/10/2063, 144A(c)(f)(i)		556,993
	4,885,000	Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class C, 3.139%, 9/15/2031, 144A(a)(c)		4,609,106
	2,987,500	WFRBS Commercial Mortgage Trust, Series 2011-C2, Class D, 5.856%, 2/15/2044, 144A(a)(c)		2,963,021
	1,809,189	WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D, 5.853%, 3/15/2044, 144A(c)		1,123,440
	605,000	WFRBS Commercial Mortgage Trust, Series 2012-C7, Class C, 4.965%, 6/15/2045(a)(c)		441,444
	975,000	WFRBS Commercial Mortgage Trust, Series 2012-C7, Class E, 4.965%, 6/15/2045, 144A(c)		375,840
				38,728,357
		Pharmaceuticals – 1.4%
	1,105,000	Bausch Health Cos., Inc., 6.250%, 2/15/2029, 144A		1,136,559
	645,000	Perrigo Finance UnLtd. Co., 3.150%, 6/15/2030		666,007
	1,665,000	Teva Pharmaceutical Finance Netherlands II BV, 6.000%, 1/31/2025, (EUR)		1,996,052
	10,035,000	Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046		8,346,110
	1,860,000	Teva Pharmaceutical Finance Netherlands III BV, 7.125%, 1/31/2025		1,953,000
	2,445,000	Upjohn, Inc., 4.000%, 6/22/2050, 144A		2,609,516
				16,707,244
		REITs - Mortgage – 0.5%
	5,245,000	Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.250%, 2/01/2027, 144A		4,536,925
	405,000	Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.250%, 3/15/2022, 144A		397,021
	1,120,000	Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.250%, 10/01/2025, 144A		1,037,400
				5,971,346
		REITs - Shopping Centers – 0.5%
	6,000,000	Scentre Group Trust 2, (fixed rate to 6/24/2030, variable rate thereafter), 5.125%, 9/24/2080, 144A		5,887,440

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Restaurants – 1.0%
	$      435,000	1011778 B.C. ULC/New Red Finance, Inc., 3.875%, 1/15/2028, 144A	$	443,178
	5,765,000	1011778 B.C. ULC/New Red Finance, Inc., 4.375%, 1/15/2028, 144A		5,879,147
	2,115,000	McDonald’s Corp., MTN, 3.625%, 9/01/2049(a)		2,374,835
	2,100,000	Yum! Brands, Inc., 3.625%, 3/15/2031		2,100,000
	920,000	Yum! Brands, Inc., 4.750%, 1/15/2030, 144A		993,600
				11,790,760
		Retailers – 0.5%
	525,000	AutoNation, Inc., 4.750%, 6/01/2030		618,563
	1,325,000	Carvana Co., 5.625%, 10/01/2025, 144A		1,307,192
	1,325,000	Carvana Co., 5.875%, 10/01/2028, 144A		1,309,325
	400,000	Dollar General Corp., 3.500%, 4/03/2030		455,264
	2,065,000	Levi Strauss & Co., 5.000%, 5/01/2025		2,112,753
	420,000	Lithia Motors, Inc., 4.375%, 1/15/2031, 144A		420,000
				6,223,097
		Supermarkets – 0.2%
	2,012,000	Albertson’s Cos. LLC/Safeway, Inc./New Albertson’s LP/Albertson’s LLC, 5.750%, 3/15/2025		2,075,479
		Technology – 4.4%
	100,000	Broadcom Corp./Broadcom Cayman Finance Ltd., 3.500%, 1/15/2028		108,046
	475,000	Broadcom, Inc., 4.150%, 11/15/2030		533,588
	6,185,000	Broadcom, Inc., 4.300%, 11/15/2032		7,065,688
	6,220,000	Broadcom, Inc., 4.750%, 4/15/2029		7,246,647
	1,655,000	Broadcom, Inc., 5.000%, 4/15/2030		1,952,233
	1,650,000	CDW LLC/CDW Finance Corp., 4.125%, 5/01/2025		1,703,625
	1,020,000	CommScope Technologies LLC, 5.000%, 3/15/2027, 144A		979,200
	2,070,000	CommScope, Inc., 6.000%, 3/01/2026, 144A		2,157,975
	3,815,000	CommScope, Inc., 7.125%, 7/01/2028, 144A		3,919,912
	3,610,000	Equinix, Inc., 2.150%, 7/15/2030		3,654,674

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Technology – continued
	$       375,000	Equinix, Inc., 3.200%, 11/18/2029	$	413,281
	1,365,000	Gartner, Inc., 3.750%, 10/01/2030, 144A		1,380,766
	1,375,000	Iron Mountain, Inc., 5.000%, 7/15/2028, 144A		1,409,348
	1,375,000	Iron Mountain, Inc., 5.250%, 7/15/2030, 144A		1,433,438
	1,550,000	Micron Technology, Inc., 4.663%, 2/15/2030		1,820,332
	5,645,000	Micron Technology, Inc., 5.327%, 2/06/2029		6,788,981
	2,305,000	MSCI, Inc., 3.625%, 9/01/2030, 144A		2,364,423
	1,660,000	Nokia OYJ, EMTN, 2.000%, 3/11/2026, (EUR)		1,986,165
	575,000	NXP BV/NXP Funding LLC/NXP USA, Inc., 3.150%, 5/01/2027, 144A		621,457
	330,000	NXP BV/NXP Funding LLC/NXP USA, Inc., 3.400%, 5/01/2030, 144A		361,254
	570,000	Open Text Corp., 3.875%, 2/15/2028, 144A		575,444
	530,000	Open Text Holdings, Inc., 4.125%, 2/15/2030, 144A		545,073
	1,550,000	Qorvo, Inc., 3.375%, 4/01/2031, 144A		1,575,187
	240,000	Sabre GLBL, Inc., 9.250%, 4/15/2025, 144A		264,137
	810,000	Seagate HDD Cayman, 4.125%, 1/15/2031, 144A		874,146
	535,000	SS&C Technologies, Inc., 5.500%, 9/30/2027, 144A		568,555
				52,303,575
		Transportation Services – 0.3%
	1,855,000	Adani Ports & Special Economic Zone Ltd., 4.200%, 8/04/2027, 144A		1,862,167
	1,645,000	GMR Hyderabad International Airport Ltd., 5.375%, 4/10/2024		1,612,248
				3,474,415
		Treasuries – 1.3%
	338,660,000	Republic of South Africa Government Bond, Series 2037, 8.500%, 1/31/2037, (ZAR)		15,849,827
		Wireless – 1.8%
	2,375,000	American Tower Corp., 2.100%, 6/15/2030(a)		2,390,389
	5,430,000	Crown Castle International Corp., 2.250%, 1/15/2031(a)		5,488,322
	3,769,000	Kenbourne Invest S.A., 6.875%, 11/26/2024, 144A		3,933,894

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Non-Convertible Bonds – continued
		Wireless – continued
	$      730,000	Millicom International Cellular S.A., 5.125%, 1/15/2028, 144A	$	757,988
	330,000	Sprint Capital Corp., 6.875%, 11/15/2028		412,500
	6,700,000	T-Mobile USA, Inc., 3.875%, 4/15/2030, 144A(a)		7,601,954
	550,000	T-Mobile USA, Inc., 4.500%, 2/01/2026		566,720
				21,151,767
		Wirelines – 0.3%
	2,760,000	AT&T, Inc., 3.650%, 6/01/2051(a)		2,783,875
	470,000	Level 3 Financing, Inc., 4.625%, 9/15/2027, 144A		482,925
				3,266,800
		Total Non-Convertible Bonds (Identified Cost $858,670,682)		846,174,990
	Convertible Bonds – 1.5%
		Cable Satellite – 0.8%
	4,280,000	DISH Network Corp., 2.375%, 3/15/2024		3,851,785
	6,680,000	DISH Network Corp., 3.375%, 8/15/2026		6,132,217
				9,984,002
		Diversified Manufacturing – 0.1%
	600,000	Greenbrier Cos., Inc. (The), 2.875%, 2/01/2024		548,845
		Energy – 0.0%
	1,280,000	Chesapeake Energy Corp., 5.500%, 9/15/2026(f)(i)(j)		42,880
		Industrial Other – 0.0%
	530,000	Chegg, Inc., Zero Coupon, 9/01/2026, 144A		528,145
		Pharmaceuticals – 0.6%
	1,580,000	BioMarin Pharmaceutical, Inc., 0.599%, 8/01/2024		1,657,978
	5,470,000	BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027, 144A		5,349,612
				7,007,590
		Total Convertible Bonds (Identified Cost $20,057,814)		18,111,462
		Total Bonds and Notes (Identified Cost $878,728,496)		864,286,452

Principal Amount (‡)		Description	Value (†)
	Senior Loans – 0.2%
		Cable Satellite – 0.2%
	1,930,000	Ziggo BV, 2019 EUR Term Loan H, 6-month EURIBOR + 3.000%, 3.000%, 1/31/2029, (EUR)(b)	$	2,205,171
		Independent Energy – 0.0%
	811,000	California Resources Corp., 2017 1st Lien Term Loan, 12/31/2022(j)		291,733
	3,740,000	Gavilan Resources LLC, 2nd Lien Term Loan, 3/01/2024(j)		9,350
				301,083
		Total Senior Loans (Identified Cost $6,638,609)		2,506,254
	Collateralized Loan Obligations – 5.1%
	1,740,000	AGL CLO 3 Ltd., Series 2020-3A, Class D, 3-month LIBOR + 3.300%, 3.575%, 1/15/2033, 144A(b)		1,680,974
	1,350,000	AGL CLO 3 Ltd., Series 2020-3A, Class C, 3-month LIBOR + 2.150%, 2.425%, 1/15/2033, 144A(a)(b)		1,323,124
	865,000	Anchorage Capital CLO 9 Ltd., Series 2016-9A, Class DR, 3-month LIBOR + 4.000%, 4.275%, 7/15/2032, 144A(b)		836,975
	480,000	Apidos CLO XX, Series 2015-20A, Class BRR, 3-month LIBOR + 1.950%, 2.221%, 7/16/2031, 144A(a)(b)		452,191
	3,175,000	Apidos CLO XXIII, Series 2015-23A, Class CR, 3-month LIBOR + 2.000%, 3.601%, 4/15/2033, 144A(a)(b)		3,065,632
	475,000	Apidos CLO XXXII, Series 2019-32A, Class D, 3-month LIBOR + 3.500%, 3.772%, 1/20/2033, 144A(b)		466,201
	400,000	Ballyrock CLO Ltd., Series 2018-1A, Class C, 3-month LIBOR + 3.150%, 3.422%, 4/20/2031, 144A(b)		377,970
	850,000	Barings CLO Ltd., Series 2019-4A, Class C, 3-month LIBOR + 2.800%, 3.075%, 1/15/2033, 144A(a)(b)		840,414
	560,000	Battalion CLO XIV Ltd., Series 2019-14A, Class E, 3-month LIBOR + 6.680%, 6.952%, 4/20/2032, 144A(b)		534,166
	500,000	Battalion CLO XVI Ltd., Series 2019-16A, Class D, 3-month LIBOR + 4.360%, 4.632%, 12/19/2032, 144A(b)		489,720
	1,915,000	BlueMountain CLO XXIV Ltd., Series 2019-24A, Class C, 3-month LIBOR + 2.700%, 2.972%, 4/20/2031, 144A(a)(b)		1,883,458
	915,000	Bristol Park CLO Ltd., Series 2016-1A, Class CR, 3-month LIBOR + 1.950%, 2.225%, 4/15/2029, 144A(a)(b)		882,645
	455,000	Burnham Park CLO Ltd., Series 2016-1A, Class CR, 3-month LIBOR + 2.150%, 2.422%, 10/20/2029, 144A(a)(b)		429,514
	400,000	Carbone CLO Ltd., Series 2017-1A, Class B, 3-month LIBOR + 1.800%, 2.072%, 1/20/2031, 144A(a)(b)		376,490
	1,575,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-2A, Class CR, 3-month LIBOR + 2.250%, 2.495%, 4/27/2027, 144A(b)		1,514,210
	500,000	Catamaran CLO Ltd., Series 2013-1A, Class CR, 3-month LIBOR + 1.800%, 2.045%, 1/27/2028, 144A(a)(b)		477,333
	265,000	CIFC Funding II Ltd., Series 2014-2RA, Class A3, 3-month LIBOR + 1.900%, 2.164%, 4/24/2030, 144A(a)(b)		256,377
	730,000	CIFC Funding II Ltd., Series 2013-2A, Class A3LR, 3-month LIBOR + 1.950%, 2.222%, 10/18/2030, 144A(a)(b)		704,285
	2,410,000	Cole Park CLO Ltd., Series 2015-1A, Class DR, 3-month LIBOR + 3.150%, 3.422%, 10/20/2028, 144A(b)		2,327,187
	875,000	Dryden 45 Senior Loan Fund, Series 2016-45A, Class ER, 3-month LIBOR + 5.850%, 6.125%, 10/15/2030, 144A(b)		781,738

Principal Amount (‡)		Description	Value (†)
	Collateralized Loan Obligations – continued
	$      250,000	Dryden 64 CLO Ltd., Series 2018-64A, Class C, 3-month LIBOR + 1.750%, 2.022%, 4/18/2031, 144A(a)(b)	$	232,496
	615,000	Dryden 80 CLO Ltd., Series 2019-80A, Class D1, 3-month LIBOR + 4.100%, 4.373%, 1/17/2033, 144A(b)		609,495
	300,000	Dryden XXVI Senior Loan Fund, Series 2013-26A, Class CR, 3-month LIBOR + 1.850%, 2.125%, 4/15/2029, 144A(a)(b)		281,356
	220,710	Galaxy XXIX CLO Ltd., Series 2018-29A, Class A, 3-month LIBOR + 0.790%, 1.070%, 11/15/2026, 144A(a)(b)		219,663
	330,000	Galaxy XXIX CLO Ltd., Series 2018-29A, Class D, 3-month LIBOR + 2.400%, 2.680%, 11/15/2026, 144A(b)		320,004
	1,405,000	Galaxy XXVI CLO Ltd., Series 2018-26A, Class E, 3-month LIBOR + 5.850%, 6.106%, 11/22/2031, 144A(b)		1,224,336
	650,000	Gilbert Park CLO Ltd., Series 2017-1A, Class D, 3-month LIBOR + 2.950%, 3.225%, 10/15/2030, 144A(b)		619,970
	320,000	Goldentree Loan Management U.S. CLO 3 Ltd., Series 2018-3A, Class C, 3-month LIBOR + 1.900%, 2.172%, 4/20/2030, 144A(a)(b)		306,565
	990,000	Hayfin Kingsland XI Ltd., Series 2019-2A, Class E, 3-month LIBOR + 6.900%, 7.172%, 7/20/2032, 144A(b)		894,202
	725,000	Jamestown CLO IV Ltd., Series 2014-4A, Class CR, 3-month LIBOR + 2.650%, 2.925%, 7/15/2026, 144A(b)		710,831
	1,110,000	LCM 30 Ltd., Series 30A, Class D, 3-month LIBOR + 3.750%, 4.022%, 4/20/2031, 144A(b)		1,108,998
	475,000	Madison Park Funding XXXI Ltd., Series 2018-31A, Class C, 3-month LIBOR + 2.150%, 2.406%, 1/23/2031, 144A(a)(b)		447,626
	300,000	Madison Park Funding XXXI Ltd., Series 2018-31A, Class D, 3-month LIBOR + 3.000%, 3.256%, 1/23/2031, 144A(b)		285,143
	3,300,000	Neuberger Berman CLO Ltd., Series 2013-14A, Class CR2, 3-month LIBOR + 1.900%, 2.147%, 1/28/2030, 144A(a)(b)		3,170,223
	725,000	Neuberger Berman Loan Advisers CLO Ltd., Series 2018-30A, Class E, 3-month LIBOR + 6.750%, 7.022%, 1/20/2031, 144A(b)		657,926
	495,000	Octagon Investment Partners 39 Ltd., Series 2018-3A, Class E, 3-month LIBOR + 5.750%, 6.022%, 10/20/2030, 144A(b)		448,058
	1,420,000	Octagon Investment Partners 40 Ltd., Series 2019-1A, Class D, 3-month LIBOR + 3.800%, 4.072%, 4/20/2031, 144A(b)		1,425,645
	920,000	Octagon Investment Partners XXII Ltd., Series 2014-1A, Class CRR, 3-month LIBOR + 1.900%, 2.158%, 1/22/2030, 144A(a)(b)		886,189
	1,980,000	OHA Credit Funding 3 Ltd., Series 2019-3A, Class E1, 3-month LIBOR + 5.000%, 5.272%, 7/20/2032, 144A(b)		1,814,169
	1,745,000	OHA Credit Funding 5 Ltd., Series 2020-5A, Class C, 3-month LIBOR + 2.000%, 3.306%, 4/18/2033, 144A(a)(b)		1,657,823
	2,245,000	OHA Loan Funding Ltd., Series 2013-1A, Class DR2, 3-month LIBOR + 3.050%, 3.306%, 7/23/2031, 144A(b)		2,105,183
	1,570,000	OHA Loan Funding Ltd., Series 2016-1A, Class CR, 3-month LIBOR + 1.950%, 2.222%, 1/20/2033, 144A(a)(b)		1,485,782
	247,294	OZLM XIII Ltd., Series 2015-13A, Class A1R, 3-month LIBOR + 1.080%, 1.348%, 7/30/2027, 144A(a)(b)		246,000
	970,000	OZLM XXIII Ltd., Series 2019-23A, Class E, 3-month LIBOR + 6.800%, 7.075%, 4/15/2032, 144A(b)		897,772
	325,000	Palmer Square CLO Ltd., Series 2015-1A, Class CR2, 3-month LIBOR + 3.150%, 3.397%, 5/21/2029, 144A(b)		312,596
	300,000	Palmer Square CLO Ltd., Series 2015-2A, Class BR2, 3-month LIBOR + 1.950%, 2.222%, 7/20/2030, 144A(a)(b)		290,890
	2,610,000	Parallel Ltd., Series 2017-1A, Class CR, 3-month LIBOR + 2.000%, 2.272%, 7/20/2029, 144A(a)(b)		2,515,437
	1,645,000	Parallel Ltd., Series 2018-2A, Class B, 3-month LIBOR + 2.150%, 2.422%, 10/20/2031, 144A(a)(b)		1,564,999

Principal Amount (‡)		Description	Value (†)
	Collateralized Loan Obligations – continued
	$      1,045,000	Pikes Peak CLO 1, Series 2018-1A, Class D, 3-month LIBOR + 3.150%, 3.414%, 7/24/2031, 144A(b)	$	993,521
	2,155,000	Pikes Peak CLO 3, Series 2019-3A, Class E, 3-month LIBOR + 6.860%, 7.105%, 4/25/2030, 144A(b)		2,056,293
	340,000	Recette CLO LLC, Series 2015-1A, Class DR, 3-month LIBOR + 2.750%, 3.022%, 10/20/2027, 144A(a)(b)		326,122
	920,000	Regatta XIII Funding Ltd., Series 2018-2A, Class C, 3-month LIBOR + 3.100%, 3.375%, 7/15/2031, 144A(b)		876,571
	2,565,000	Rockford Tower CLO Ltd., Series 2017-2A, Class CR, 3-month LIBOR + 1.900%, 2.175%, 10/15/2029, 144A(a)(b)		2,463,168
	740,000	Symphony CLO XX Ltd., Series 2018-20A, Class D, 3-month LIBOR + 3.860%, 4.131%, 1/16/2032, 144A(b)		736,163
	920,000	TCW CLO Ltd., Series 2018-1, Class D, 3-month LIBOR + 2.910%, 3.155%, 4/25/2031, 144A(b)		858,793
	1,030,000	TICP CLO VII Ltd., Series 2017-7A, Class CR, 3-month LIBOR + 2.150%, 2.425%, 4/15/2033, 144A(a)(b)		972,608
	610,000	TICP CLO XV Ltd., Series 2020-15A, Class C, 3-month LIBOR + 2.150%, 3.785%, 4/20/2033, 144A(a)(b)		586,433
	895,000	TRESTLES CLO II Ltd., Series 2018-2A, Class D, 3-month LIBOR + 5.750%, 5.995%, 7/25/2031, 144A(b)		785,757
	780,000	VERDE CLO Ltd., Series 2019-1A, Class E, 3-month LIBOR + 6.900%, 7.175%, 4/15/2032, 144A(b)		705,896
	695,000	Voya CLO Ltd, Series 2019-3A, Class D, 3-month LIBOR + 3.850%, 4.123%, 10/17/2032, 144A(b)		691,672
	2,435,000	York CLO-7 Ltd., Series 2019-2A, Class D, 3-month LIBOR + 3.800%, 4.058%, 1/22/2033, 144A(b)		2,421,709
		Total Collateralized Loan Obligations (Identified Cost $58,670,845)		60,914,687
	Loan Participations – 0.0%
		ABS Other – 0.0%
	1,061,479	Harbour Aircraft Investments Ltd., Series 2017-1, Class C, 8.000%, 11/15/2037 (d) (Identified Cost $1,059,208)		504,202
Shares
	Common Stocks – 2.1%
		Aerospace & Defense – 0.0%
	486	Lockheed Martin Corp.		186,274
		Air Freight & Logistics – 0.1%
	6,552	Expeditors International of Washington, Inc.		593,087
	1,176	United Parcel Service, Inc., Class B		195,957
				789,044
		Banks – 0.0%
	3,788	Citigroup, Inc.		163,301
	5,050	Truist Financial Corp.		192,152
				355,453
		Biotechnology – 0.0%
	1,974	AbbVie, Inc.		172,903
	790	Amgen, Inc.		200,786
	2,856	Gilead Sciences, Inc.		180,471
				554,160

Shares		Description	Value (†)
	Common Stocks – continued
		Building Products – 0.0%
	2,801	Masco Corp.	$	154,419
		Capital Markets – 0.0%
	539	S&P Global, Inc.		194,363
		Chemicals – 0.1%
	138,555	Hexion Holdings Corp., Class B(h)		1,376,960
		Communications Equipment – 0.0%
	4,450	Cisco Systems, Inc.		175,285
		Construction Materials – 0.1%
	362,679	Cemex SAB de CV, Sponsored ADR		1,378,180
		Diversified Telecommunication Services – 0.2%
	76,272	AT&T, Inc.		2,174,515
	3,101	Verizon Communications, Inc.		184,478
				2,358,993
		Entertainment – 0.0%
	2,269	Activision Blizzard, Inc.		183,676
		Food & Staples Retailing – 0.0%
	5,208	Kroger Co. (The)		176,603
	1,443	Walmart, Inc.		201,890
				378,493
		Health Care Providers & Services – 0.1%
	665	Anthem, Inc.		178,612
	1,046	Cigna Corp.		177,203
	453	Humana, Inc.		187,492
	575	UnitedHealth Group, Inc.		179,268
				722,575
		Hotels, Restaurants & Leisure – 0.1%
	444	Domino’s Pizza, Inc.		188,824
	928	McDonald’s Corp.		203,687
	6,587	Starbucks Corp.		565,955
	1,505	Yum! Brands, Inc.		137,407
				1,095,873
		Household Durables – 0.0%
	2,302	DR Horton, Inc.		174,100
	4,044	PulteGroup, Inc.		187,197
				361,297

Shares		Description	Value (†)
	Common Stocks – continued
		Household Products – 0.0%
	1,158	Kimberly-Clark Corp.	$	170,990
	1,478	Procter & Gamble Co. (The)		205,427
				376,417
		Industrial Conglomerates – 0.3%
	25,097	3M Co.		4,020,037
	673	Honeywell International, Inc.		110,783
				4,130,820
		Insurance – 0.1%
	1,163	Aflac, Inc.		42,275
	1,983	Allstate Corp. (The)		186,680
	4,577	MetLife, Inc.		170,127
	2,006	Progressive Corp. (The)		189,908
				588,990
		Internet & Direct Marketing Retail – 0.1%
	305	Booking Holdings, Inc.(h)		521,757
	3,267	eBay, Inc.		170,211
				691,968
		IT Services – 0.1%
	798	Accenture PLC, Class A		180,340
	1,325	Fidelity National Information Services, Inc.		195,053
	586	MasterCard, Inc., Class A		198,168
				573,561
		Media – 0.0%
	4,589	Comcast Corp., Class A		212,287
	967	Fox Corp., Class A		26,912
	2,043	Nexstar Media Group, Inc., Class A		183,727
				422,926
		Metals & Mining – 0.0%
	2,759	Newmont Corp.		175,059
		Multiline Retail – 0.0%
	561	Dollar General Corp.		117,597
	448	Target Corp.		70,524
				188,121
		Oil, Gas & Consumable Fuels – 0.1%
	2,205	Chevron Corp.		158,760
	1,884	Dommo Energia S.A., Sponsored ADR(d)(e)(f)(h)		3,824
	10,397	Enterprise Products Partners LP		164,169
	8,875	Kinder Morgan, Inc.		109,429
	32,298	Whiting Petroleum Corp.(h)		558,432
	9,018	Williams Cos., Inc. (The)		177,204
				1,171,818
		Personal Products – 0.1%
	2,679	Estee Lauder Cos., Inc. (The), Class A		584,692

Shares		Description	Value (†)
	Common Stocks – continued
		Pharmaceuticals – 0.1%
	3,141	Bristol-Myers Squibb Co.	$	189,371
	1,240	Eli Lilly & Co.		183,545
	1,221	Johnson & Johnson		181,782
	2,323	Merck & Co., Inc.		192,693
				747,391
		REITs - Diversified – 0.0%
	760	American Tower Corp.		183,715
		REITs - Storage – 0.0%
	6,197	Iron Mountain, Inc.		166,018
		Road & Rail – 0.0%
	2,538	CSX Corp.		197,126
	1,002	Union Pacific Corp.		197,264
				394,390
		Semiconductors & Semiconductor Equipment – 0.1%
	3,018	Applied Materials, Inc.		179,420
	3,790	Intel Corp.		196,246
	2,759	KLA Corp.		534,529
	554	Lam Research Corp.		183,790
	388	NVIDIA Corp.		209,993
	1,931	QUALCOMM, Inc.		227,240
	1,372	Texas Instruments, Inc.		195,908
				1,727,126
		Software – 0.1%
	588	Citrix Systems, Inc.		80,973
	618	Intuit, Inc.		201,598
	897	Microsoft Corp.		188,666
	8,312	NortonLifeLock, Inc.		173,222
	3,317	Oracle Corp.		198,025
				842,484
		Specialty Retail – 0.1%
	1,687	Best Buy Co., Inc.		187,746
	705	Home Depot, Inc. (The)		195,786
	1,190	Lowe’s Cos., Inc.		197,373
				580,905
		Technology Hardware, Storage & Peripherals – 0.1%
	6,320	Apple, Inc.		731,919
	10,505	HP, Inc.		199,490
				931,409
		Textiles, Apparel & Luxury Goods – 0.1%
	1,234	LVMH Moet Hennessy Louis Vuitton SE		577,389
		Tobacco – 0.0%
	4,256	Altria Group, Inc.		164,452

Shares		Description	Value (†)
	Common Stocks – continued
		Tobacco – continued
	2,297	Philip Morris International, Inc.	$	172,252
				336,704
		Total Common Stocks (Identified Cost $38,892,695)		25,656,948
	Preferred Stocks – 1.0%
	Convertible Preferred Stocks – 0.7%
		Banking – 0.4%
	926	Bank of America Corp., Series L, 7.250%		1,377,888
	2,053	Wells Fargo & Co., Class A, Series L, 7.500%		2,755,229
				4,133,117
		Energy – 0.0%
	1,714	Chesapeake Energy Corp., 5.750%(d)(e)(f)(h)		—
		Food & Beverage – 0.3%
	42,272	Bunge Ltd., 4.875%		4,048,655
		Midstream – 0.0%
	2,329	El Paso Energy Capital Trust I, 4.750%		108,927
		Total Convertible Preferred Stocks (Identified Cost $9,235,501)		8,290,699
	Non-Convertible Preferred Stocks – 0.3%
		Cable Satellite – 0.3%
	4,040,000	NBCUniversal Enterprise, Inc., 5.250%, 144A(a) (Identified Cost $4,040,000)		4,080,400
		Total Preferred Stocks (Identified Cost $13,275,501)		12,371,099
Principal Amount (‡)
	Other Investments – 0.1%
		Aircraft ABS – 0.1%
	$            900	ECAF I Blocker Ltd.(d)(e)(f)(g) (Identified Cost $9,000,000)		1,043,100
	Short-Term Investments – 16.5%
	62,671,620	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/2020 at 0.000% to be repurchased at $62,671,620 on 10/01/2020 collateralized by $61,171,500 U.S. Treasury Note 0.250% due 9/30/2025 valued at $61,166,728; $2,690,300 U.S. Treasury Note 2.625% due 6/15/2021 valued at $2,758,446 including accrued interest(k)		62,671,620
	22,330,000	U.S. Treasury Bills, 0.115%, 6/17/2021(a)(l)		22,312,328

Principal Amount (‡)		Description	Value (†)
	Short-Term Investments – continued
	$  22,800,000	U.S. Treasury Bills, 0.121%, 5/20/2021(l)	$	22,785,004
	22,840,000	U.S. Treasury Bills, 0.135%, 7/15/2021(l)		22,821,336
	23,500,000	U.S. Treasury Bills, 0.136%, 8/12/2021(l)		23,477,895
	15,915,000	U.S. Treasury Bills, 0.137%, 11/05/2020(l)		15,913,646
	15,915,000	U.S. Treasury Bills, 0.141%, 10/13/2020(l)		15,914,596
	10,840,000	U.S. Treasury Bills, 0.161%, 11/27/2020(l)(m)		10,838,370
		Total Short-Term Investments (Identified Cost $196,717,359)		196,734,795
		Total Investments – 97.3% (Identified Cost $1,202,982,713)		1,164,017,537
		Other assets less liabilities – 2.7%		32,112,548
		Net Assets – 100.0%	$	1,196,130,085
	Written Options – (0.0%)

Description	Expiration Date		Exercise Price		Shares(††)			Notional Amount			Premiums (Received)			Value (†)
Options on Securities – (0.0%)
AbbVie, Inc., Call		10/16/2020		100.00		(700	)	$	(61,313	)	$	(726	)	$	(24	)
Accenture PLC, Call		10/16/2020		250.00		(400	)		(90,396	)		(1,127	)		(60	)
Activision Blizzard, Inc., Call		10/16/2020		90.00		(900	)		(72,855	)		(1,536	)		(167	)
Aflac, Inc., Call		10/16/2020		40.00		(600	)		(21,810	)		(292	)		(45	)
Allstate Corp. (The), Call		10/16/2020		100.00		(1,100	)		(103,554	)		(1,215	)		(330	)
Altria Group, Inc., Call		10/16/2020		45.00		(1,700	)		(65,688	)		(1,083	)		(42	)
American Tower Corp., Call		10/16/2020		260.00		(400	)		(96,692	)		(1,627	)		(190	)
Amgen, Inc., Call		10/16/2020		245.00		(400	)		(101,664	)		(4,447	)		(4,720	)
Anthem, Inc., Call		10/16/2020		300.00		(300	)		(80,577	)		(860	)		(75	)
Apple, Inc., Call		10/16/2020		143.75		(800	)		(92,648	)		(2,033	)		(64	)
Applied Materials, Inc., Call		10/16/2020		70.00		(1,800	)		(107,010	)		(2,083	)		(153	)
AT&T, Inc., Call		10/16/2020		31.00		(3,100	)		(88,381	)		(1,076	)		(77	)
Best Buy Co., Inc., Call		10/16/2020		130.00		(1,300	)		(144,677	)		(1,374	)		(117	)
Bristol-Myers Squibb Co., Call		10/16/2020		65.00		(1,800	)		(108,522	)		(1,687	)		(153	)
Chevron Corp., Call		10/16/2020		97.50		(1,500	)		(108,000	)		(1,001	)		(45	)
Cigna Corp., Call		10/16/2020		190.00		(500	)		(84,705	)		(1,634	)		(153	)
Citigroup, Inc., Call		10/16/2020		55.00		(1,500	)		(64,665	)		(2,036	)		(45	)
Comcast Corp., Call		10/16/2020		45.00		(2,700	)		(124,902	)		(1,899	)		(4,415	)
CSX Corp., Call		10/16/2020		77.50		(1,200	)		(93,204	)		(1,833	)		(2,112	)
Dollar General Corp., Call		10/16/2020		220.00		(300	)		(62,886	)		(650	)		(165	)

Description	Expiration Date		Exercise Price		Shares(††)			Notional Amount			Premiums (Received)			Value (†)
Domino’s Pizza, Inc., Call		10/16/2020		450.00		(300	)	$	(127,584	)	$	(2,810	)	$	(2,130	)
DR Horton, Inc., Call		10/16/2020		82.50		(1,100	)		(83,193	)		(1,570	)		(506	)
eBay, Inc., Call		10/16/2020		65.00		(1,900	)		(98,990	)		(1,572	)		(66	)
Eli Lilly & Co., Call		10/16/2020		160.00		(600	)		(88,812	)		(1,330	)		(180	)
Enterprise Products Partners LP, Call		10/16/2020		20.00		(6,200	)		(97,898	)		(912	)		(217	)
Fidelity National Information Services, Inc., Call		10/16/2020		150.00		(700	)		(103,047	)		(1,587	)		(1,523	)
Fox Corp., Call		10/16/2020		30.00		(500	)		(13,915	)		(169	)		(100	)
Home Depot, Inc. (The), Call		10/16/2020		300.00		(200	)		(55,542	)		(773	)		(88	)
HP, Inc., Call		10/16/2020		20.00		(4,200	)		(79,758	)		(2,424	)		(819	)
Johnson & Johnson, Call		10/16/2020		160.00		(700	)		(104,216	)		(915	)		(151	)
Kimberly-Clark Corp., Call		10/16/2020		165.00		(800	)		(118,128	)		(902	)		(80	)
Kroger Co. (The), Call		10/16/2020		39.00		(3,100	)		(105,121	)		(1,603	)		(77	)
Lowe’s Cos., Inc., Call		10/16/2020		175.00		(500	)		(82,930	)		(1,484	)		(518	)
MasterCard, Inc., Call		10/16/2020		360.00		(200	)		(67,634	)		(1,473	)		(205	)
McDonald’s Corp., Call		10/16/2020		220.00		(300	)		(65,847	)		(878	)		(1,140	)
Merck & Co., Inc., Call		10/16/2020		90.00		(1,300	)		(107,835	)		(1,127	)		(78	)
MetLife, Inc., Call		10/16/2020		42.50		(2,700	)		(100,359	)		(1,243	)		(122	)
Microsoft Corp., Call		10/16/2020		230.00		(400	)		(84,132	)		(1,707	)		(170	)
Newmont Corp., Call		10/16/2020		75.00		(1,300	)		(82,485	)		(1,018	)		(97	)
Nexstar Media Group, Inc., Call		10/16/2020		105.00		(1,000	)		(89,930	)		(1,679	)		(150	)
NortonLifeLock, Inc., Call		10/16/2020		25.00		(4,100	)		(85,444	)		(2,572	)		(82	)
NVIDIA Corp., Call		10/16/2020		565.00		(200	)		(108,244	)		(2,983	)		(2,335	)
Oracle Corp., Call		10/16/2020		60.00		(1,600	)		(95,520	)		(1,525	)		(1,664	)
Philip Morris International, Inc., Call		10/16/2020		82.50		(1,100	)		(82,489	)		(1,042	)		(49	)
Procter & Gamble Co. (The), Call		10/16/2020		145.00		(1,100	)		(152,889	)		(1,152	)		(429	)
Progressive Corp. (The), Call		10/16/2020		95.00		(1,200	)		(113,604	)		(2,601	)		(2,370	)
PulteGroup, Inc., Call		10/16/2020		50.00		(2,000	)		(92,580	)		(2,854	)		(800	)
QUALCOMM, Inc., Call		10/16/2020		125.00		(1,000	)		(117,680	)		(2,387	)		(1,110	)
S&P Global, Inc., Call		10/16/2020		380.00		(200	)		(72,120	)		(933	)		(330	)
Target Corp., Call		10/16/2020		165.00		(200	)		(31,484	)		(381	)		(171	)
Texas Instruments, Inc., Call		10/16/2020		150.00		(600	)		(85,674	)		(1,288	)		(510	)
Truist Financial Corp., Call		10/16/2020		42.50		(2,500	)		(95,125	)		(1,920	)		(250	)
Union Pacific Corp., Call		10/16/2020		200.00		(500	)		(98,435	)		(2,012	)		(1,490	)

Description	Expiration Date		Exercise Price		Shares(††)			Notional Amount			Premiums (Received)			Value (†)
United Parcel Service, Inc., Call		10/16/2020		170.00		(500	)	$	(83,315	)	$	(1,127	)	$	(1,345	)
UnitedHealth Group, Inc., Call		10/16/2020		330.00		(200	)		(62,354	)		(953	)		(334	)
Walmart, Inc., Call		10/16/2020		140.00		(800	)		(111,928	)		(966	)		(2,300	)
Williams Cos., Inc. (The), Call		10/16/2020		23.00		(3,600	)		(70,740	)		(917	)		(216	)
Yum Brands, Inc., Call		10/16/2020		100.00		(600	)		(54,780	)		(1,066	)		(45	)
Total											$	(86,074	)	$	(37,399	)

(†) Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows: Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers.

Senior loans and collateralized loan obligations are valued at bid prices supplied by an independent pricing service, if available.

Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be valued using evaluated bids furnished by an independent pricing service, if available.

In some foreign markets, an official close price and a last sale price may be available from the foreign exchange or market. In those cases, the official close price is used.

Broker-dealer bid prices may be used to value debt and unlisted equity securities and senior loans and collateralized loan obligations where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.

Forward foreign currency contracts are valued utilizing interpolated rates determined based on information provided by an independent pricing service.

Futures contracts are valued at the most recent settlement price on the exchange on which the adviser believes that, over time, they are traded most extensively.

Centrally cleared swap agreements are valued at settlement prices of the clearinghouse on which the contracts were traded or prices obtained from broker-dealers.

Bilateral credit default swaps are valued based on mid prices (between the bid price and the ask price) supplied by an independent pricing service.

Bilateral interest rate swaps are valued based on prices supplied by an independent pricing source.

Domestic exchange-traded index and single name equity option contracts (including options on exchange-traded funds) are valued at the mean of the National Best Bid and Offer quotations as determined by the Options Price Reporting Authority. Options on futures contracts are valued using the current settlement price on the exchange on which, over time, they are traded most extensively.

Option contracts on foreign indices are priced at the most recent settlement price.

Other exchange-traded options are valued at the average of the closing bid and ask quotations on the exchange on which, over time, they are traded most extensively.

Over-the-counter (“OTC”) currency options and swaptions are valued at mid prices (between the bid and the ask price) supplied by an independent pricing service, if available.

Other OTC option contracts (including currency options and swaptions not priced through an independent pricing service) are valued based on quotations obtained from broker-dealers.

Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees. The Fund may also value securities and other investments at fair value in other circumstances such as when extraordinary events occur after the close of a foreign market but prior to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of the issuer’s security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing its securities or other investments, the Fund may, among other things, use modeling tools or other processes that may take into account factors such as securities or other market activity and/or significant events that occur after the close of the foreign market and before the time the Fund’s net asset value (“NAV”) is calculated. Fair value pricing may require subjective determinations about the value of a security, and fair values used to determine the Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same securities. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities held by the Fund.

Illiquid securities for which market quotations are readily available and have been evaluated by the adviser are considered and classified as fair valued securities pursuant to the Fund’s pricing policies and procedures.

As of September 30, 2020, securities and other investments of the funds included in net assets were fair valued as follows:

Securities classified as fair valued		Percentage of Net Assets			Securities fair valued by the Fund’s adviser		Percentage of Net Assets
$	6,803,932		0.6	%	$	8,650,256		0.7	%

The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.

(‡) Principal Amount/Par Value stated in U.S. dollars unless otherwise noted.

(††) Options on securities are expressed as shares.

(a) Security (or a portion thereof) has been designated to cover the Fund’s obligations under open derivative contracts.

(b) Variable rate security. Rate as of September 30, 2020 is disclosed.

(c) Variable rate security. The interest rate adjusts periodically based on; (i) changes in current interest rates and/or prepayments on underlying pools of assets, if applicable, (ii) reference to a base lending rate plus or minus a margin, and/or (iii) reference to a base lending rate adjusted by a multiplier and/or subject to certain floors or caps. Rate as of September 30, 2020 is disclosed.

(d) Level 3 security. Value has been determined using significant unobservable inputs.

(e) Fair valued by the Fund’s adviser. At September 30, 2020, the value of these securities amounted to $8,650,256 or 0.7% of net assets.

(f) Illiquid security.

(g) Securities subject to restriction on resale. At September 30, 2020, the restricted securities held by the Fund are as follows:

	Acquisition Date		Acquisition Cost		Value		% of Net Assets
ECAF I Blocker Ltd.		6/18/2015	$	9,000,000	$	1,043,100		0.1	%
GCA2014 Holdings Ltd., Series 2014-1, Class C		12/18/2014		2,245,679		756,434		0.1	%
GCA2014 Holdings Ltd., Series 2014-1, Class D		12/18/2014		1,009,036		115,504		Less than 0.1	%
GCA2014 Holdings Ltd., Series 2014-1, Class E		12/18/2014		2,657,606		—		—

(h)	Non-income producing security.
(i)	Securities classified as fair valued pursuant to the Fund’s pricing policies and procedures. At September 30, 2020, the value of these securities amounted to $6,803,932 or 0.6% of net assets.
(j)	The issuer is in default with respect to interest and/or principal payments. Income is not being accrued.
(k)	The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of September 30, 2020, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.
(l)	Interest rate represents discount rate at time of purchase; not a coupon rate.
(m)	Security (or a portion thereof) has been pledged as collateral for open derivative contracts.
144A	All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2020, the value of Rule 144A holdings amounted to $580,236,743 or 48.5% of net assets.
ABS	Asset-Backed Securities
ADR	An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. The values of ADRs may be significantly influenced by trading on exchanges not located in the United States.
ARS	Auction Rate Security
EMTN	Euro Medium Term Note
EURIBOR	Euro Interbank Offered Rate
JIBAR	Johannesburg Interbank Agreed Rate
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
REITs	Real Estate Investment Trusts
SAFEX	South African Futures Exchange
SLM	Sallie Mae
ARS	Argentine Peso
CAD	Canadian Dollar
COP	Colombian Peso
EUR	Euro
GBP	British Pound
ZAR	South African Rand

Swap Agreements

The Fund may enter into credit default and interest rate swaps. A credit default swap is an agreement between two parties (the “protection buyer” and “protection seller”) to exchange the credit risk of an issuer (“reference obligation”) for a specified time period. The reference obligation may be one or more debt securities or an index of such securities. The Fund may be either the protection buyer or the protection seller. As a protection buyer, the Fund has the ability to hedge the downside risk of an issuer or group of issuers. As a protection seller, the Fund has the ability to gain exposure to an issuer or group of issuers whose bonds are unavailable or in short supply in the cash bond market, as well as realize additional income in the form of fees paid by the protection buyer. The protection buyer is obligated to pay the protection seller a stream of payments (“fees”) over the term of the contract, provided that no credit event, such as a default or a downgrade in credit rating, occurs on the reference obligation. The Fund may also pay or receive upfront premiums. If a credit event occurs, the protection seller must pay the protection buyer the difference between the agreed upon notional value and market value of the reference obligation. Market value in this case is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the value. The maximum potential amount of undiscounted future payments that a Fund as the protection seller could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement.

Implied credit spreads, represented in absolute terms, are disclosed in the Portfolio of Investments for those agreements for which the Fund is the protection seller. Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

An interest rate swap is an agreement with another party to receive or pay interest (e.g., an exchange of fixed rate payments for floating rate payments) to protect themselves from interest rate fluctuations. This type of swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to a specified interest rate(s) for a specified notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other.

Swap agreements are valued daily and fluctuations in the value are recorded as change in unrealized appreciation (depreciation) on swap agreements. Fees are accrued in accordance with the terms of the agreement and are recorded as part of unrealized appreciation (depreciation) on swap agreements. When received or paid, fees are recorded as realized gain or loss. Upfront premiums paid or received by the Fund are recorded as an asset or liability, respectively, and are amortized or accreted over the term of the agreement and recorded as realized gain or loss. Payments made or received by the Fund as a result of a credit event or termination of the agreement are recorded as realized gain or loss.

Swap agreements are privately negotiated in the OTC market and may be entered into as a bilateral contract or centrally cleared (“centrally cleared swaps”). Bilateral swap agreements are traded between counterparties and, as such, are subject to the risk that a party to the agreement will not be able to meet its obligations. In a centrally cleared swap, immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the “CCP”) and the Fund faces the CCP through a broker. Upon entering into a centrally cleared swap, the Fund is required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Subsequent payments, known as “variation margin,” are made or received by the Fund based on the daily change in the value of the centrally cleared swap agreement. For centrally cleared swaps, the Fund’s counterparty credit risk is reduced as the CCP stands between the Fund and the counterparty. The Fund covers its net obligations under outstanding swap agreements by segregating or earmarking cash or securities.

At September 30, 2020, the Fund had the following open bilateral credit default swap agreements:

Buy Protection

Counterparty	Reference Obligation		(Pay)/ Receive Fixed Rate1			Expiration Date		Notional Value(‡)		Unamortized Up Front Premium Paid/(Received)			Market Value			Unrealized Appreciation (Depreciation)
Bank of America, N.A.		Enel SpA		(1.00	%)		6/20/2023		550,000 EUR	$	(175	)	$	(11,880	)	$	(11,705	)
Barclyas Bank PLC		United Mexican States		(1.00	%)		12/20/2025		21,525,000		336,661			532,052			195,391
Morgan Stanley Capital Services, Inc.		China Government International Bond		(1.00	%)		12/20/2025		21,450,000	$	(643,301	)	$	(564,930	)	$	78,371
Morgan Stanley Capital Services, Inc.		Enel SpA		(1.00	%)		12/20/2023		6,115,000 EUR		26,489			(143,617	)		(170,106	)
Total													$	(188,375	)	$	91,951

At September 30, 2020, the Fund had the following open centrally cleared interest rate swap agreements:

Notional Value	Currency		Expiration Date		Fund Pays1			Fund Receives1		Market Value			Unrealized Appreciation (Depreciation)2
330,000,000		ZAR		5/07/2030		7.580	%		3-month SAFEX-JIBAR	$	(1,054,299	)	$	(1,055,774	)

At September 30, 2020, the Fund had the following open centrally cleared credit default swap agreements:

Sell Protection

Reference Obligation	(Pay)/ Receive Fixed Rate			Expiration Date		Implied Credit Spread^			Notional Value(‡)		Unamortized Up Front Premium Paid/(Received)		Market Value		Unrealized Appreciation (Depreciation)
CDX.NA HY* Series 35 500, 5-Year		5.00	%		12/20/2025		4.09	%	$	98,520,000	$	4,084,294	$	4,173,592	$	89,298

(‡) Notional value stated in U.S. dollars unless otherwise noted.

¹ Payments are made quarterly.

²  Differences between unrealized appreciation (depreciation) and market value, if any, are due to interest booked as part of the initial trades.

^ Implied credit spreads, represented in absolute terms, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

* CDX.NA.HY is an index composed of North American high yield credit default swaps.

Forward Foreign Currency Contracts

The Fund may enter into forward foreign currency contracts, including forward foreign cross currency contracts, to acquire exposure to foreign currencies or to hedge the Fund’s investments against currency fluctuation. A contract can also be used to offset a previous contract. These contracts involve market risk in excess of the unrealized appreciation (depreciation). The U.S. dollar value of the currencies the Fund has committed to buy or sell represents the aggregate exposure to each currency the Fund has acquired or hedged through currency contracts outstanding at period end. Gains or losses are recorded for financial statement purposes as unrealized until settlement date. Contracts are traded over-the-counter directly with a counterparty. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar. Certain contracts may require the movement of cash and/or securities as collateral for the Fund’s or counterparty’s net obligations under the contracts.

At September 30, 2020, the Fund had the following open forward foreign currency contracts:

Counterparty	Delivery Date		Currency Bought/ Sold (B/S)		Units of Currency			In Exchange for		Notional Value		Unrealized Appreciation (Depreciation)
Bank of America, N.A.		10/23/2020		CAD		S	3,020,000	$	2,245,632	$	2,268,187	$	(22,555	)
Bank of America, N.A.		10/23/2020		EUR		S	1,665,000		1,909,640		1,952,975		(43,335	)
Barclays Bank plc		10/23/2020		EUR		S	1,955,000		2,242,385		2,293,133		(50,748	)
Deutsche Bank AG		10/30/2020		GBP		S	1,400,000		1,819,087		1,806,753		12,334
HSBC Bank USA		11/13/2020		EUR		S	590,000		695,861		692,346		3,515
JPMorgan Chase Bank N.A.		10/06/2020		EUR		B	4,900,000		5,764,921		5,745,480		(19,441	)
JPMorgan Chase Bank N.A.		10/06/2020		EUR		S	4,900,000		5,515,651		5,745,480		(229,829	)
Morgan Stanley Capital Services, Inc.		10/08/2020		COP		B	8,340,415,000		2,248,393		2,178,668		(69,725	)
Morgan Stanley Capital Services, Inc.		10/08/2020		COP		S	18,400,000,000		4,914,530		4,806,415		108,115
Morgan Stanley Capital Services, Inc.		12/16/2020		EUR		B	1,550,000		1,839,417		1,820,360		(19,057	)
Morgan Stanley Capital Services, Inc.		12/16/2020		EUR		S	1,550,000		1,845,154		1,820,360		24,794
Morgan Stanley Capital Services, Inc.		12/31/2020		EUR		S	1,480,000		1,730,898		1,738,938		(8,040	)
Morgan Stanley Capital Services, Inc.		10/30/2020		ZAR		S	315,790,000		18,950,205		18,790,341		159,864
Standard Chartered Bank		10/02/2020		EUR		B	5,280,000		6,177,336		6,190,535		13,199
Standard Chartered Bank		10/02/2020		EUR		S	5,280,000		5,936,700		6,190,535		(253,835	)
Standard Chartered Bank		1/04/2021		EUR		S	5,280,000		6,191,201		6,204,527		(13,326	)
Total												$	(408,070	)

Futures Contracts

The Fund may enter into futures contracts. Futures contracts are agreements between two parties to buy and sell a particular instrument or index for a specified price on a specified future date.

When the Fund enters into a futures contract, it is required to deposit with (or for the benefit of) its broker an amount of cash or short-term high-quality securities as “initial margin.” As the value of the contract changes, the value of the futures contract position increases or declines. Subsequent payments, known as “variation margin,” are made or received by the Fund, depending on the price fluctuations in the fair value of the contract and the value of cash or securities on deposit with the broker. Realized gain or loss on a futures position is equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, minus brokerage commissions. When the Fund enters into a futures contract certain risks may arise, such as illiquidity in the futures market, which may limit the Fund’s ability to close out a futures contract prior to settlement date, and unanticipated movements in the value of securities or interest rates.

Futures contracts are exchange-traded. Exchange-traded futures contracts are standardized and are settled through a clearing house with fulfillment supported by the credit of the exchange. Therefore, counterparty credit risks to the Fund are reduced; however, in the event that a counterparty enters into bankruptcy, the Fund’s claim against initial/variation margin on deposit with the counterparty may be subject to terms of a final settlement in bankruptcy court.

At September 30, 2020, open short futures contracts were as follows:

Financial Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
Ultra Long U.S. Treasury Bond		12/21/2020		78	$	17,302,910	$	17,301,375	$	1,535

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical assets or liabilities;

• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2020, at value:

Asset Valuation Inputs

Description	Level 1			Level 2			Level 3			Total
Bonds and Notes
Non-Convertible Bonds
ABS Home Equity	$	—		$	88,283,360		$	2,176,514	(a)	$	90,459,874
ABS Other		—			61,132,036			1,483,426	(b)(c)		62,615,462
Non-Agency Commercial Mortgage-Backed Securities		—			34,173,477			4,554,880	(a)		38,728,357
All Other Non-Convertible Bonds*		—			654,371,297			—			654,371,297
Total Non-Convertible Bonds		—			837,960,170			8,214,820			846,174,990
Convertible Bonds*		—			18,111,462			—			18,111,462
Total Bonds and Notes		—			856,071,632			8,214,820			864,286,452
Senior Loans*		—			2,506,254			—			2,506,254
Collateralized Loan Obligations		—			60,914,687			—			60,914,687
Loan Participations*		—			—			504,202	(d)		504,202
Common Stocks
Chemicals		—			1,376,960			—			1,376,960
Oil, Gas & Consumable Fuels		1,167,994			—			3,824	(a)		1,171,818
Textiles, Apparel & Luxury Goods		—			577,389			—			577,389
All Other Common Stocks*		22,530,781			—			—			22,530,781
Total Common Stocks		23,698,775			1,954,349			3,824			25,656,948
Preferred Stocks
Convertible Preferred Stocks
Energy		—			—			—	(c)		—
Food & Beverage		—			4,048,655			—			4,048,655
All Other Convertible Preferred Stocks*		4,242,044			—			—			4,242,044
Total Convertible Preferred Stocks		4,242,044			4,048,655			—			8,290,699
Non-Convertible Preferred Stocks*		—			4,080,400			—			4,080,400
Total Preferred Stocks		4,242,044			8,129,055			—			12,371,099
Other Investments*		—			—			1,043,100	(a)		1,043,100
Short-Term Investments		—			196,734,795			—			196,734,795
Total Investments		27,940,819			1,126,310,772			9,765,946			1,164,017,537
Bilateral Credit Default Swap Agreements (unrealized appreciation)		—			273,762			—			273,762
Centrally Cleared Credit Default Swap Agreements (unrealized appreciation)		—			89,298			—			89,298
Forward Foreign Currency Contracts (unrealized appreciation)		—			321,821			—			321,821
Futures Contracts (unrealized appreciation)		1,535			—			—			1,535
Total	$	27,942,354		$	1,126,995,653		$	9,765,946		$	1,164,703,953
Liability Valuation Inputs
Description	Level 1			Level 2			Level 3			Total
Written Options*	$	(37,399	)	$	—		$	—		$	(37,399	)
Bilateral Credit Default Swap Agreements (unrealized depreciation)		—			(181,811	)		—			(181,811	)
Centrally Cleared Interest Rate Swap Agreements (unrealized depreciation)		—			(1,055,774	)		—			(1,055,774	)
Forward Foreign Currency Contracts (unrealized depreciation)		—			(729,891	)		—			(729,891	)
Total	$	(37,399	)	$	(1,967,476	)	$	—		$	(2,004,875	)

* Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

(a) Fair valued by the Fund’s adviser.

(b) Fair valued by the Fund’s adviser using a broker dealer bid price provided by a single market maker ($871,938) or valued using broker-dealer bid prices ($611,488).

(c) Includes securities fair valued at zero by the Fund’s adviser using level 3 inputs.

(d) Valued using broker-dealer bid prices.

The Fund’s pricing policies and procedures are recommended by the adviser and approved by the Board of Trustees. Debt securities are valued based on evaluated bids furnished to the Fund by an independent pricing service. Broker-dealer bid prices may be used if an independent pricing service either is unable to price a security or does not provide a reliable price for a security. The Fund’s adviser may use internally developed models to validate broker-dealer bid prices that are only available from a single broker or market maker. Such securities are considered and classified as fair valued. Broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer are categorized in Level 3. Securities for which market quotations are not readily available are valued at fair value as determined in good faith by the Fund’s adviser pursuant to procedures approved by the Board of Trustees. Fair valued securities may be categorized in Level 3.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value as of December 31, 2019 and/or September 30, 2020:

Asset Valuation Inputs

Investments in Securities	Balance as of December 31, 2019			Accrued Discounts (Premiums)		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Purchases		Sales			Transfers into Level 3		Transfers out of Level 3			Balance as of September 30, 2020			Change in Unrealized Appreciation (Depreciation) from Investments Still Held at September 30, 2020
Bonds and Notes
Non-Convertible Bonds
ABS Home Equity	$	801,522		$	—	$	15,597		$	(87,190	)	$	—	$	(467,901	)	$	1,914,486	$	—		$	2,176,514		$	(80,442	)
ABS Other		2,337,230	(a)		—		54			(1,732,765	)		176,688		(160,320	)		862,539		—			1,483,426	(a)		(1,732,765	)
Independent Energy		523,200	(a)		22,686		(1,472,185	)		926,299			—		—			—		—			—			—
Non-Agency Commercial Mortgage-Backed Securities		2,770,066			—		—			(2,870,455	)		—		—			4,655,269		—			4,554,880			(2,870,455	)
Collateralized Loan Obligations		475,000			—		—			—			—		—			—		(475,000	)		—			—
Loan Participations
ABS Other		—			113		14,430			(574,292	)		—		(3,939,608	)		5,003,559		—			504,202			(574,292	)
Common Stock
Oil, Gas & Consumable Fuels		—	(a)		—		(439,290	)		434,730			—		—			8,384		—			3,824			(4,559	)
Preferred Stocks
Energy		293,900			—		—			(293,900	)		—		—			—		—			—	(a)		(293,900	)
Other Investments
Aircraft ABS		7,776,000			—		—			(6,732,900	)		—		—			—		—			1,043,100			(6,732,900	)
Equity Linked Notes		688,113			—		36,124			(30,859	)		—		(693,378	)		—		—			—			—
Total	$	15,665,031		$	22,799	$	(1,845,270	)	$	(10,961,332	)	$	176,688	$	(5,261,207	)	$	12,444,237	$	(475,000	)	$	9,765,946		$	(12,289,313	)

(a) Includes securities fair valued at zero using level 3 inputs.

Debt securities valued at $6,569,755 were transferred from Level 2 to Level 3 during the period ended September 30, 2020. At December 31, 2019, these securities were valued on the basis of evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund’s valuation policies. At September 30, 2020, these securities were valued at fair value as determined in good faith by the Fund’s adviser as an independent pricing service did not provide a reliable price for the securities.

A debt security valued at $862,539 was transferred from Level 2 to Level 3 during the period ended September 30, 2020. At December 31, 2019, this security was valued on the basis of evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund’s valuation policies. At September 30, 2020, this security was valued using broker-dealer bid prices based on inputs unobservable to the Fund as an independent pricing service did not provide a reliable price for the security.

A debt security valued at $475,000 was transferred from Level 3 to Level 2 during the period ended September 30, 2020. At December 31, 2019, this security was valued using broker-dealer bid prices based on inputs unobservable to the Fund as an independent pricing service was unable to price the security. At September 30, 2020 this security was valued on the basis of evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund’s valuation policies.

A debt security valued at $5,003,559 was transferred from Level 2 to Level 3 during the period ended September 30, 2020. At December 31, 2019, this security was valued at a bid price furnished to the Fund by an independent pricing service in accordance with the Fund’s valuation policies. At September 30, 2020, this security was valued using broker-dealer bid prices based on inputs unobservable to the Fund as an independent pricing service did not provide a reliable price for the security.

A common stock valued at $8,384 was transferred from Level 1 to Level 3 during the period ended September 30, 2020. At December 31, 2019, this security was valued at the market price in the in accordance with the Fund’s valuation policies. At September 30, 2020, this security was valued at fair value as determined in good faith by the Fund’s investment adviser as an independent pricing service was unable to price the security.

Derivatives

Derivative instruments are defined as financial instruments whose value and performance are based on the value and performance of an underlying asset, reference rate or index. Derivative instruments that the Fund used during the period include forward foreign currency contracts, futures contracts, option contracts and swap agreements.

The Fund seeks to achieve positive total returns over a full market cycle. The Fund pursues its objective by utilizing a flexible investment approach that allocates investments across a global range of investment opportunities related to credit, currencies and interest rates, while employing risk management techniques to mitigate downside risk. At times, the Fund expects to gain its investment exposure substantially through the use of derivatives, including forward foreign currency contracts, futures and option contracts, interest rate swaptions and swap agreements. During the period ended September 30, 2020, the Fund used futures, forward foreign currency contracts, option contracts, interest rate swap agreements and credit default swap agreements (as a protection seller) to gain investment exposures in accordance with its objective.

The Fund is subject to the risk that changes in foreign currency exchange rates will have an unfavorable effect on the value of Fund assets denominated in foreign currencies. The Fund may enter into forward foreign currency exchange contracts and option contracts for hedging purposes to protect the value of the Fund’s holdings of foreign securities. During the period ended September 30, 2020, the Fund engaged in forward foreign currency contracts for hedging purposes.

The Fund is subject to the risk that companies in which the Fund invests will fail financially or otherwise be unwilling or unable to meet their obligations to the Fund. The Fund may use credit default swaps, as a protection seller, to hedge its credit exposure to issuers of bonds it holds without having to sell the bonds. During the period ended September 30, 2020, the Fund engaged in credit default swap agreements (as a protection seller) to hedge its credit exposure.

The Fund is subject to the risk that changes in interest rates will affect the value of the Fund’s investments in fixed-income securities. The Fund will be subject to increased interest rate risk to the extent that it invests in fixed-income securities with longer maturities or durations, as compared to investing in fixed-income securities with shorter maturities or durations. The Fund may use futures contracts and interest rate swap agreements to hedge against changes in interest rates and to manage duration without having to buy or sell portfolio securities. During the period ended September 30, 2020, the Fund engaged in interest rate swap agreements for hedging purposes.

The Fund is subject to the risk of unpredictable declines in the value of individual equity securities and periods of below-average performance in individual securities or in the equity market as a whole. The Fund may use futures contracts, purchased put options and written call options to hedge against a decline in value of an equity security that it owns. The Fund may also write put options to offset the cost of options used for hedging purposes. During the period ended September 30, 2020, the Fund engaged in futures and option contracts for hedging purposes.

The following is a summary of derivative instruments for the Fund, as of September 30, 2020:

Assets	Unrealized appreciation on forward foreign currency contracts		Unrealized appreciation on futures contracts		Swap agreements at value		Total
Over-the-counter asset derivatives
Foreign exchange contracts	$	321,821	$	—	$	—	$	321,821
Credit contracts		—		—		532,052		532,052
Total over-the counter asset derivatives	$	321,821	$	—	$	532,052	$	853,873
Exchange-traded/cleared asset derivatives
Interest rate contracts	$	—	$	1,535	$	—	$	1,535
Credit contracts		—		—		4,173,592		4,173,592
Total exchange-traded/cleared asset derivatives	$	—	$	1,535	$	4,173,592	$	4,175,127
Total asset derivatives	$	321,821	$	1,535	$	4,705,644	$	5,029,000

Liabilities	Options written at value			Unrealized depreciation on forward foreign currency contracts			Swap agreements at value			Total
Over-the-counter liability derivatives
Foreign exchange contracts	$	—		$	(729,891	)	$	—		$	(729,891	)
Credit contracts		—			—			(720,427	)		(720,427	)
Total over-the counter liability derivatives	$	—		$	(729,891	)	$	(720,427	)	$	(1,450,318	)
Exchange-traded/cleared liability derivatives
Interest rate contracts	$	—		$	—		$	(1,054,299	)	$	(1,054,299	)
Equity contracts		(37,399	)		—			—			(37,399	)
Total exchange-traded/cleared liability derivatives	$	(37,399	)	$	—		$	(1,054,299	)	$	(1,091,698	)
Total liability derivatives	$	(37,399	)	$	(729,891	)	$	(1,774,726	)	$	(2,542,016	)

The Fund’s derivatives do not qualify for hedge accounting under authoritative guidance for derivative instruments. The Fund’s investments in derivatives may represent an economic hedge; however, they are considered to be non-hedge transactions for the purpose of this disclosure.

OTC derivatives, including forward foreign currency contracts and swap agreements, are entered into pursuant to International Swaps and Derivatives Association, Inc. (“ISDA”) agreements negotiated between the Fund and its counterparties. ISDA agreements typically contain, among other things, terms for the posting of collateral and master netting provisions in the event of a default or other termination event. Collateral is posted by the Fund or the counterparty to the extent of the net mark-to-market exposure to the other party of all open contracts under the agreement, subject to minimum transfer requirements. Master netting provisions allow the Fund and the counterparty, in the event of a default or other termination event, to offset amounts owed by each related to derivative contracts, including any posted collateral, to one net amount payable by either the Fund or the counterparty. The Fund’s ISDA agreements typically contain provisions that allow a counterparty to terminate open contracts early if the NAV of the Fund declines beyond a certain threshold. As of September 30, 2020, the fair value of derivative positions subject to these provisions that are in a net liability position by counterparty, and the value of collateral pledged to counterparties for such contracts is as follows:

Counterparty:	Derivatives			Collateral Pledged
Bank of America, N.A.	$	(77,770	)	$	—
JPMorgan Chase Bank N.A.		(249,270	)		—
Morgan Stanley Capital Services, Inc.		(512,596	)		384,345
Standard Chartered Bank		(253,962	)		—

Counterparty risk is managed based on policies and procedures established by the Fund’s adviser. Such policies and procedures may include, but are not limited to, minimum counterparty credit rating requirements, monitoring of counterparty credit default swap spreads and posting of collateral. The Fund’s risk of loss from counterparty credit risk on over-the-counter derivatives is generally limited to the Fund’s aggregated unrealized gains and the amount of any collateral pledged to the counterparty, which may be offset by any collateral posted to the Fund by the counterparty. ISDA master agreements can help to manage counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under these ISDA agreements, collateral is routinely transferred if the total net exposure in respect of certain transactions, net of existing collateral already in place, exceeds a specified amount (typically $250,000, depending on the counterparty). With exchange-traded derivatives, there is minimal counterparty credit risk to the Fund because the exchange’s clearing house, as counterparty to these instruments, stands between the buyer and the seller of the contract. Credit risk still exists in exchange-traded derivatives with respect to initial and variation margin that is held in a broker’s customer accounts. While brokers are required to segregate customer margin from their own assets, in the event that a broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the broker for all its clients, U.S. bankruptcy laws will typically allocate that shortfall on a pro rata basis across all of the broker’s customers, potentially resulting in losses to the Fund. The following table shows (i) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the Fund would incur if parties (including OTC derivative counterparties and brokers holding margin for exchange-traded derivatives) to the relevant financial instruments failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the Fund, and (ii) the amount of loss that the Fund would incur after taking into account master netting provisions pursuant to ISDA agreements, as of September 30, 2020:

Maximum Amount of Loss - Gross	Maximum Amount of Loss - Net
$ 24,400,437	$	23,209,372

Net loss amount reflects cash received as collateral of $450,000.

Industry Summary at September 30, 2020 (Unaudited)
ABS Home Equity	7.6	%
ABS Car Loan	7.4
ABS Other	5.2
Technology	4.4
Finance Companies	3.3
Non-Agency Commercial Mortgage-Backed Securities	3.2
Cable Satellite	3.1
Aerospace & Defense	3.1
Banking	2.7
Consumer Cyclical Services	2.6
Automotive	2.6
Pharmaceuticals	2.1
Other Investments, less than 2% each	28.4
Short-Term Investments	16.5
Collateralized Loan Obligations	5.1
Total Investments	97.3
Other assets less liabilities (including open written options, swap agreements, forward foreign currency and futures contracts)	2.7
Net Assets	100.0	%