BlackRock Strategic Global Bond Fund


Security	Par (000)		Value

Asset-Backed Securities

Cayman Islands^(b)— 3.5%
AGL CLO Ltd., Series 2020-3A, Class A, (3-mo. CME Term SOFR + 1.56%), 6.88%, 01/15/33^(a)		USD 250	$	249,880
Allegro CLO VI Ltd., Series 2017-2A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.71%, 01/17/31^(a)		292		292,473
ALM Ltd., Series 2020-1A, Class A2, (3-mo. CME Term SOFR + 2.11%), 7.43%, 10/15/29^(a)		250		250,650
Anchorage Capital CLO Ltd.^(a)
Series 2014-3RA, Class A, (3-mo. CME Term SOFR + 1.31%), 6.63%, 01/28/31		280		279,680
Series 2014-4RA, Class A, (3-mo. CME Term SOFR + 1.31%), 6.63%, 01/28/31		266		265,591
Apidos CLO XII, Series 2013-12A, Class AR, (3-mo. CME Term SOFR + 1.34%), 6.66%, 04/15/31^(a)		463		463,530
Apidos CLO XXXVI, Series 2021-36A, Class B, (3-mo. CME Term SOFR + 1.86%), 7.18%, 07/20/34^(a)		250		250,203
Ares XXXVII CLO Ltd., Series 2015-4A, Class A1R, (3-mo. CME Term SOFR + 1.43%), 6.75%, 10/15/30^(a)		307		307,218
Bain Capital Credit CLO Ltd., Series 2017-1A, Class A1R, (3-mo. CME Term SOFR + 1.23%), 6.55%, 07/20/30^(a)		432		431,667
Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class A1AR, (3-mo. CME Term SOFR + 1.36%), 6.68%, 01/20/31^(a)		390		389,984
Carlyle Global Market Strategies CLO Ltd.,
Series 2014-3RA, Class A1B, (3-mo. CME Term SOFR + 1.56%), 6.88%, 07/27/31^(a)		1,000		1,002,098
Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/17/34^(a)		250		250,158
CBAM Ltd., Series 2017-1A, Class A1, (3-mo. CME Term SOFR + 1.51%), 6.83%, 07/20/30^(a)		250		250,233
Chenango Park CLO Ltd., Series 2018-1A, Class A2, (3-mo. CME Term SOFR + 1.81%), 7.13%, 04/15/30^(a)		1,018		1,019,837
CIFC Funding Ltd.^(a)
Series 2013-1A, Class A2R, (3-mo. CME Term SOFR + 2.01%), 7.33%, 07/16/30		1,000		1,002,500
Series 2014-3A, Class A1R2, (3-mo. CME Term SOFR + 1.46%), 6.78%, 10/22/31		1,477		1,478,209
Series 2014-5A, Class A1R2, (3-mo. CME Term SOFR + 1.46%), 6.78%, 10/17/31		2,000		2,000,563
Series 2018-1A, Class A, (3-mo. CME Term SOFR + 1.26%), 6.56%, 04/18/31		368		367,721
Series 2018-2A, Class A2, (3-mo. CME Term SOFR + 1.86%), 7.18%, 04/20/31		250		249,891
Dryden CLO Ltd., Series 2017-53A, Class A, (3-mo. CME Term SOFR + 1.38%), 6.70%, 01/15/31^(a)		546		545,879
Dryden Senior Loan Fund^(a)
Series 2015-37A, Class AR, (3-mo. CME Term SOFR + 1.36%), 6.68%, 01/15/31		685		685,083
Series 2017-49, Class AR, (3-mo. CME Term SOFR + 1.21%), 6.51%, 07/18/30		654		654,614
Elmwood CLO IV Ltd., Series 2020-1A, Class A, (3-mo. CME Term SOFR + 1.50%), 6.82%, 04/15/33^(a).		500		500,501
Generate CLO Ltd., Series 2A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.73%, 01/22/31^(a)		517		517,233


Security	Par (000)		Value

Cayman Islands (continued)
Gracie Point International Funding LLC^(a)
Series 2023-1A, Class A, (3-mo. SOFR + 1.95%), 7.31%, 09/01/26		USD 100	$	100,953
Series 2023-2A, Class A, (3-mo. SOFR + 2.25%), 7.61%, 03/01/27		863		873,584
Jamestown CLO XV Ltd., Series 2020-15A, Class A, (3-mo. CME Term SOFR + 1.60%), 6.92%, 04/15/33^(a)		1,000		1,000,000
LCM Ltd., Series 26A, Class A1, (3-mo. CME Term SOFR + 1.33%), 6.65%, 01/20/31^(a)		397		396,988
Loanpal Solar Loan Ltd., Series 2020-2GF, Class A, 2.75%, 07/20/47		79		64,012
Madison Park Funding XI Ltd., Series 2013-11A, Class AR2, (3-mo. CME Term SOFR + 1.16%), 6.48%, 07/23/29^(a)		895		894,852
Neuberger Berman Loan Advisers CLO Ltd., Series 2021- 46A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.23%, 01/20/36^(a)		250		250,277
Octagon Investment Partners 36 Ltd., Series 2018-1A, Class A1, (3-mo. CME Term SOFR + 1.23%), 6.55%, 04/15/31^(a)		679		678,605
OHA Credit Funding Ltd.^(a)
Series 2019-3A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/02/35		1,000		1,001,175
Series 2020-5A, Class A2A, (3-mo. CME Term SOFR + 1.71%), 7.01%, 04/18/33		300		301,251
Park Avenue Institutional Advisers CLO Ltd.,
Series 2017-1A, Class DR, (3-mo. CME Term SOFR + 7.07%), 12.38%, 02/14/34^(a)		250		233,302
Rockford Tower CLO Ltd., Series 2017-3A, Class A, (3-mo. CME Term SOFR + 1.45%), 6.77%, 10/20/30^(a)		302		302,129
RR Ltd.^(a)
Series 2018-3A, Class A1R2, (3-mo. CME Term SOFR + 1.35%), 6.67%, 01/15/30		292		292,035
Series 2018-3A, Class A2R2, (3-mo. CME Term SOFR + 1.66%), 6.98%, 01/15/30		1,125		1,125,607
RRX Ltd., Series 2021-4A, Class A2, (3-mo. CME Term SOFR + 2.11%), 7.43%, 07/15/34^(a)		250		251,089
Shackleton CLO Ltd., Series 2013-3A, Class AR, (3-mo. CME Term SOFR + 1.38%), 6.70%, 07/15/30^(a).		202		202,531
Steele Creek CLO Ltd., Series 2017-1A, Class A, (3-mo. CME Term SOFR + 1.51%), 6.83%, 10/15/30^(a).		318		318,523
Symphony CLO XIX Ltd., Series 2018-19A, Class A, (3-mo. CME Term SOFR + 1.22%), 6.54%, 04/16/31^(a)		460		460,299
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.73%, 01/16/31^(a)		305		305,262
TICP CLO XII Ltd., Series 2018-12A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.23%, 07/15/34^(a)		325		325,977
TICP CLO XV Ltd., Series 2020-15A, Class A, (3-mo. CME Term SOFR + 1.54%), 6.86%, 04/20/33^(a)		1,750		1,751,594
Trestles CLO Ltd., Series 2017-1A, Class A1R, (3-mo. CME Term SOFR + 1.25%), 6.58%, 04/25/32^(a)		250		250,100
Trimaran CAVU Ltd.^(a)
Series 2019-1A, Class B, (3-mo. CME Term SOFR + 2.46%), 7.78%, 07/20/32		250		250,079
Series 2019-1A, Class C1, (3-mo. CME Term SOFR + 3.41%), 8.73%, 07/20/32		500		500,011


Security	Par (000)		Value

Cayman Islands (continued)
Venture CLO Ltd., Series 2020-39A, Class A1, (3-mo. CME Term SOFR + 1.54%), 6.86%, 04/15/33^(a)	USD	335	$	335,645
Voya CLO Ltd., Series 2017-4A, Class A1, (3-mo. CME Term SOFR + 1.39%), 6.71%, 10/15/30^(a)		277		277,001
Whitebox CLO I Ltd., Series 2019-1A, Class CR, (3-mo. CME Term SOFR + 3.31%), 8.63%, 07/24/32^(a).		500		492,063

				26,940,340

France — 0.1%
Ginkgo Personal Loans, Series 2023-PL1, Class A1, (1-mo. EURIBOR + 0.79%), 4.64%, 09/23/44^(a)(c)	EUR	300		324,685


Germany^(a)(c)— 0.0%
FCT Autonoria DE, Series 2023-DE, Class B, (1-mo. EURIBOR + 1.15%), 5.00%, 01/26/43		81		87,524
Red & Black Auto Germany UG
Series 10, Class B, (1-mo. EURIBOR + 1.20%), 5.06%, 09/15/32		100		108,363
Series 8, Class B, (1-mo. EURIBOR + 0.75%), 4.61%, 09/15/30		58		63,344

				259,231

Ireland^(a)(c)— 0.2%
Arini European CLO II DAC, Series 2X, Class D, (3-mo. EURIBOR + 4.20%), 1.00%, 04/15/38^(d)		100		107,885
Aurium Clo VIII DAC, Series 8X, Class D, (3-mo. EURIBOR + 3.00%), 6.93%, 06/23/34		100		105,715
Avoca CLO XXII DAC, Series 22X, Class B1, (3-mo. EURIBOR + 1.30%), 5.24%, 04/15/35		100		105,278
Cairn CLO XVI DAC, Series 2023-16X, Class D, (3-mo. EURIBOR + 5.20%), 9.14%, 01/15/37		100		108,119
CIFC European Funding CLO I DAC, Series 1X, Class DR, (3-mo. EURIBOR + 3.20%), 7.14%, 07/15/32		100		106,166
CVC Cordatus Loan Fund IV DAC, Series 4X, Class BR1, (3-mo. EURIBOR + 1.30%), 5.24%, 02/22/34		100		105,190
CVC Cordatus Loan Fund XXX DAC, Series 2030X, Class D, (3-mo. EURIBOR + 4.00%), 1.00%, 05/15/37^(d)		100		107,063
CVC Cordatus Opportunity Loan Fund DAC, Series 2024X, Class DR, (3-mo. EURIBOR + 4.00%), 7.91%, 08/15/33		100		107,876
Henley CLO IV DAC, Series 4X, Class B1, (3-mo. EURIBOR + 1.35%), 5.30%, 04/25/34		100		105,303
Palmer Square European CLO DAC, Series 2022-2X, Class DR, (3-mo. EURIBOR + 4.00%), 7.92%, 01/15/38		100		107,991
Providus CLO V DAC, Series 5X, Class D, (3-mo. EURIBOR + 2.95%), 6.85%, 02/15/35		100		105,164
Providus CLO VI DAC, Series 6X, Class D, (3-mo. EURIBOR + 3.20%), 7.12%, 05/20/34		100		105,602

				1,277,352

Italy^(a)(c)— 0.1%
AutoFlorence SRL, Series 3, Class A, (1-mo. EURIBOR + 0.95%), 4.80%, 12/25/46		500		541,832
Koromo Italy SRL, Series 1, Class A, (1-mo. EURIBOR + 0.80%), 4.65%, 02/26/35		190		205,311

				747,143


Security	Par (000)		Value

Netherlands — 0.0%
Domi BV, Series 2023-1, Class A, (3-mo. EURIBOR + 1.12%), 5.02%, 02/15/55^(a)(c)	EUR	138	$	150,710


Spain — 0.0%
Autonoria Spain FT, Series 2021-SP, Class B, (1-mo. EURIBOR + 0.80%), 4.65%, 01/31/39^(a)(c)		98		105,357


United Kingdom^(a)(c)— 0.2%
Atlas Funding PLC, Series 2013-1, Class B, 7.10%, 01/20/61	GBP	100		127,477
Hermitage PLC, Series 2023-1, Class B, (3-mo. LIBOR GBP + 2.45%), 7.65%, 09/21/33		100		126,775
PCL Funding VI PLC, Series 2022-1, Class A, 6.60%, 07/15/26		500		632,507
PCL Funding VIII PLC, Series 2023-1, Class A, (3-mo. LIBOR GBP + 1.18%), 6.38%, 05/15/28		400		508,176
Polaris PLC, Series 2023-1, Class B, (3-mo. LIBOR GBP + 2.75%), 7.95%, 02/23/61		160		206,117

				1,601,052

United States — 2.7%
AccessLex Institute, Series 2007-A, Class A3, (3-mo. CME Term SOFR + 0.56%), 5.89%, 05/25/36^(a)	USD	48		46,734
Affirm Asset Securitization Trust, Series 2024-A, Class A, 5.61%, 02/15/29^(b)		570		568,645
Aqua Finance Trust, Series 2021-A, Class A, 1.54%, 07/17/46^(b)		45		39,744
BHG Securitization Trust^(b)
Series 2021-A, Class A, 1.42%, 11/17/33		59		55,931
Series 2021-A, Class B, 2.79%, 11/17/33		100		90,825
Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05%, 07/15/27^(b)		129		129,076
College Avenue Student Loans LLC, Series 2023-B, Class A1A, 6.50%, 06/25/54^(b)		371		383,972
College Avenue Student Loans Trust, Series 2024-A, Class A1B, (30-day Avg SOFR + 1.75%), 7.07%, 06/25/54^(a)(b)		378		378,000
Eaton Vance CLO Ltd., Series 2018-1A, Class A2, (3-mo. CME Term SOFR + 1.71%), 7.03%, 10/15/30^(a)(b)		250		250,360
ELFI Graduate Loan Program LLC, Series 2023-A, Class A, 6.37%, 02/04/48^(b)		681		695,393
Ford Credit Floorplan Master Owner Trust, Series 19-4, Class B, 2.64%, 09/15/26		591		581,320
Foundation Finance Trust^(b)
Series 2021-2A, Class A, 2.19%, 01/15/42		136		125,105
Series 2023-2A, Class A, 6.53%, 06/15/49		339		344,466
Goldman Home Improvement Trust Issuer Trust, Series 2022-GRN2, Class A, 6.80%, 10/25/52^(b)		88		87,913
GoodLeap Sustainable Home Solutions Trust^(b)
Series 2021-3CS, Class A, 2.10%, 05/20/48		235		184,854
Series 2022-3CS, Class A, 4.95%, 07/20/49		71		66,572
Series 2023-1GS, Class A, 5.52%, 02/22/55		110		107,027
Gracie Point International Funding LLC, Series 2024-1A, Class A, (3-mo. SOFR + 1.70%), 7.06%, 03/01/28^(a)(b)		306		306,789
Hipgnosis Music Assets LP, Series 2022-1, Class A, 5.00%, 05/16/62^(b)		385		370,363
Lendmark Funding Trust^(b)
Series 2022-1A, Class A, 5.12%, 07/20/32		301		297,496
Series 2023-1A, Class D, 8.69%, 05/20/33		182		188,018
Series 2024-1, Class B, 5.88%, 06/21/32		100		99,955


Security	Par (000)		Value

United States (continued)
Mariner Finance Issuance Trust^(b)
Series 2020-AA, Class B, 3.21%, 08/21/34	USD	104	$	100,249
Series 2022-AA, Class A, 6.45%, 10/20/37		250		250,617
Series 2023-A, Class A, 6.70%, 10/22/35		1,468		1,489,300
Series 2023-A, Class B, 7.11%, 10/22/35		789		804,283
Mosaic Solar Loan Trust^(b)
Series 2022-3A, Class A, 6.10%, 06/20/53		86		88,185
Series 2023-1A, Class A, 5.32%, 06/20/53		202		199,749
Series 2023-4, Class A, 6.40%, 05/20/53		254		264,019
Navient Private Education Loan Trust, Series 2014- AA, Class A3, (1-mo. Term SOFR + 1.71%), 7.04%, 10/15/31^(a)(b)		780		781,448
Navient Private Education Refi Loan Trust^(a)(b) Series 2020-CA, Class A2B, (1-mo. Term SOFR + 1.71%), 7.04%, 11/15/68		541		546,588
Series 2021-DA, Class A, (Prime - 1.99%), 6.51%, 04/15/60		275		264,291
Navient Student Loan Trust^(b)
Series 2023-B, Class A1B, (30-day Avg SOFR + 1.70%), 7.02%, 03/15/72^(a)		265		267,567
Series 2023-BA, Class A1A, 6.48%, 03/15/72		184		186,865
Nelnet Student Loan Trust^(b)
Series 2021-A, Class B1, 2.85%, 04/20/62		136		112,598
Series 2021-DA, Class B, 2.90%, 04/20/62		450		373,361
Series 2021-DA, Class C, 3.50%, 04/20/62		100		79,466
Series 2023-PL1, Class A1A, (30-day Avg SOFR + 2.25%), 7.57%, 11/25/53^(a)		176		175,761
OneMain Financial Issuance Trust^(b)
Series 2020-2A, Class B, 2.21%, 09/14/35		1,132		1,012,431
Series 2022-2A, Class B, 5.24%, 10/14/34		380		373,059
Series 2022-3A, Class A, 5.94%, 05/15/34		682		685,701
Series 2023-2A, Class D, 7.52%, 09/15/36		552		565,914
PFS Financing Corp., Series 2022-D, Class D, 4.90%, 08/15/27^(b)		1,134		1,120,515
Regional Management Issuance Trust^(b)
Series 2020-1, Class A, 2.34%, 10/15/30		50		49,078
Series 2021-1, Class B, 2.42%, 03/17/31		256		238,425
Series 2021-2, Class B, 2.35%, 08/15/33		990		852,800
Series 2022-1, Class A, 3.07%, 03/15/32		389		372,712
Series 2022-2B, Class A, 7.10%, 11/17/32		325		328,236
Republic Finance Issuance Trust^(b)
Series 2021-A, Class A, 2.30%, 12/22/31		600		573,392
Series 2021-A, Class B, 2.80%, 12/22/31		136		126,323
Series 2021-A, Class C, 3.53%, 12/22/31		100		91,717
Series 2021-A, Class D, 5.23%, 12/22/31		800		725,272
Service Experts Issuer LLC, Series 2021-1A, Class A, 2.67%, 02/02/32^(b)		208		194,211
Sesac Finance LLC, Series 2024-1, Class A2, 6.42%, 01/25/54^(b)		51		51,155
SMB Private Education Loan Trust^(b)
Series 2024-A, Class A1B, (30-day Avg SOFR + 1.45%), 6.77%, 03/15/56^(a)		353		354,446
Series 2024-A, Class B, 5.88%, 03/15/56		408		408,899
Sofi Personal Loan Term^(b)
Series 2024-1, Class A, 6.06%, 02/12/31		581		580,975
Series 2024-1, Class R1, 0.00%, 02/12/31		10		500,551

				20,588,717


Total Asset-Backed Securities — 6.8% (Cost: $51,869,609)				51,994,587


Security	Shares		Value

Common Stocks

Bermuda — 0.0%
DHL, Class A ^(e)(f)		819	$	16


China — 0.0%
BYD Co. Ltd., Class H		3,796		97,197


Germany — 0.0%
Bayerische Motoren Werke AG		235		27,114


Italy — 0.0%
UniCredit SpA		3,002		114,014


Netherlands — 0.0%
Shell PLC		3,233		108,312
Shell PLC, ADR		211		14,146

				122,458

United Kingdom — 0.1%
Genius Sports Ltd. ^(f)		21,560		123,107


United States — 1.1%
Advanced Micro Devices, Inc. ^(f)		86		15,522
Altice USA, Inc., Class A ^(f)		30,424		79,407
Amazon.com, Inc. ^(f)		1,377		248,383
Boyd Gaming Corp.		941		63,348
Caesars Entertainment, Inc. ^(f)		3,619		158,295
Cheniere Energy, Inc.		845		136,282
Chesapeake Energy Corp.		631		56,052
Chubb Ltd.		900		233,217
Crowdstrike Holdings, Inc., Class A ^(f)		192		61,553
Deckers Outdoor Corp. ^(f)		62		58,358
Delta Air Lines, Inc.		4,098		196,171
Dynatrace, Inc. ^(f)		2,100		97,524
Eli Lilly & Co.		374		290,957
Ford Motor Co.		6,904		91,685
Freewire Equity ^(e)(f)		6		24,360
General Dynamics Corp.		573		161,867
General Motors Co.		2,381		107,978
Golden Entertainment, Inc.		1,691		62,279
HCA Healthcare, Inc.		322		107,397
HNG Hospitality Offshore LP, (Acquired 02/16/24, Cost: $538,000) ^(e)(f)(g)		538,000		538,000
Intel Corp.		3,530		155,920
Invesco S&P 500 Equal Weight ETF		10,189		1,725,711
Lam Research Corp.		280		272,040
Landsea Homes Corp. ^(f)		5,638		81,920
Las Vegas Sands Corp.		1,990		102,883
M/I Homes, Inc. ^(f)		939		127,976
Marathon Petroleum Corp.		1,806		363,909
McDonald’s Corp.		821		231,481
Meta Platforms, Inc., Class A		400		194,232
MGM Resorts International ^(f)		2,936		138,609
Micron Technology, Inc.		1,157		136,399
Mr. Cooper Group, Inc. ^(f)		1,323		103,128
New York Community Bancorp, Inc., Class A		3,700		11,914
Northrop Grumman Corp.		311		148,863
NVIDIA Corp.		163		147,280
Palladyne AI Corp. ^(f)		305		552
RXO, Inc. ^(f)		372		8,136
Salesforce, Inc.		577		173,781


Security	Shares		Value

United States (continued)
Smith Douglas Homes Corp., Class A ^(f)		3,864	$	114,761
Space Exploration Technologies Corp., (Acquired 08/21/23, Cost: $85,374), A shares ^(e)(f)(g)		1,054		102,238
Space Exploration Technologies Corp., (Acquired 08/21/23, Cost: $91,692), C shares ^(e)(f)(g)		1,132		109,804
Transocean Ltd. ^(f)		44,647		280,383
U.S. Steel Corp.		2,170		88,493
Valero Energy Corp.		1,084		185,028
Vistra Corp.		2,543		177,120
Volato Group, Inc., Class A Lock Up, (Acquired 12/03/23, Cost: $14) ^(e)(f)(g)		2,734		7,655
Walmart, Inc.		3,714		223,471
Wynn Resorts Ltd.		2,050		209,571

				8,411,893

Zambia — 0.0%
First Quantum Minerals Ltd.		619		6,654


Total Common Stocks — 1.2% (Cost: $7,865,942)			8,902,453


	Par (000)

Corporate Bonds

Argentina^(b)— 0.1%
Generacion Mediterranea SA/Central Termica Roca SA, 9.88%, 12/01/27	USD	111		101,060
YPF SA, 9.50%, 01/17/31		439		446,643

				547,703

Australia — 0.3%
Glencore Capital Finance DAC, 0.75%, 03/01/29^(c)	EUR	846		793,400
Mineral Resources Ltd., 9.25%, 10/01/28^(b)	USD	137		144,288
Oceana Australian Fixed Income Trust, A Note Upsize^(e) 12.00%, 07/31/25	AUD	166		108,379
12.50%, 07/31/26		248		162,627
12.50%, 07/31/27		414		272,832
Origin Energy Finance Ltd., 1.00%, 09/17/29^(c)	EUR	854		806,121

				2,287,647

Austria^(c)— 0.0%
ams-OSRAM AG 2.13%, 11/03/27^(h)		100		77,893
10.50%, 03/30/29		200		213,396

				291,289

Belgium^(c)— 0.3%
Anheuser-Busch InBev SA/NV, 3.95%, 03/22/44		330		363,543
FLUVIUS System Operator CVBA, 3.88%, 03/18/31		500		552,711
KBC Group NV^(a) (1-year UK Government Bond + 0.92%), 1.25%, 09/21/27	GBP	100		115,039
(3-mo. EURIBOR + 1.30%), 4.25%, 11/28/29	EUR	900		994,006

				2,025,299

Brazil — 0.3%
3R Lux SARL, 9.75%, 02/05/31^(b)	USD	400		417,750
Azul Secured Finance LLP, 11.93%, 08/28/28^(b)		609		619,182
CSN Resources SA, 5.88%, 04/08/32^(b)		200		173,765


Security	Par (000)		Value

Brazil (continued)
Embraer Netherlands Finance BV, 7.00%, 07/28/30^(b)	USD	200	$	208,690
Gol Finance SA, 15.82%, 05/02/25		79		79,212
MC Brazil Downstream Trading SARL, 7.25%, 06/30/31^(b)		305		275,130
Petrorio Luxembourg Trading SARL, 6.13%, 06/09/26^(b)		208		203,892
Samarco Mineracao SA, (9.50% PIK), 9.50%, 06/30/31^(c)(i)		441		396,900
Suzano Austria GmbH, 5.00%, 01/15/30		200		191,813

				2,566,334

Canada — 0.4%
1011778 BC ULC/New Red Finance, Inc., 3.50%, 02/15/29^(b)		11		10,046
Bombardier, Inc.^(b) 7.13%, 06/15/26		25		25,360
7.50%, 02/01/29		63		64,873
8.75%, 11/15/30		25		26,694
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 5.00%, 06/15/29^(b)		65		58,963
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b) 3.88%, 01/15/28		11		10,338
4.38%, 01/15/28		15		14,189
4.00%, 10/15/30		25		22,275
Garda World Security Corp.^(b) 9.50%, 11/01/27		61		61,147
7.75%, 02/15/28		31		31,790
HR Ottawa LP, 11.00%, 03/31/31^(b)		1,942		2,090,350
Parkland Corp., 4.50%, 10/01/29^(b)		4		3,700
Rogers Communications, Inc., 5.30%, 02/15/34		462		457,879
Toronto-Dominion Bank, 2.88%, 04/05/27^(c)	GBP	100		118,926

				2,996,530

Chile — 0.1%
Banco de Credito e Inversiones SA, (5-year CMT + 4.94%), 8.75%^(a)(b)(j)	USD	4 200		205,659
Empresa Nacional del Petroleo, 3.75%, 08/05/26^(c)		200		190,562
Kenbourne Invest SA^(b) 6.88%, 11/26/24		385		186,966
4.70%, 01/22/28		132		46,860

				630,047

China — 0.1%
Fantasia Holdings Group Co. Ltd., 11.88%, 06/01/23^(c)(f)(k)		200		3,000
NXP BV/NXP Funding LLC/NXP USA, Inc., 4.30%, 06/18/29		982		944,596

				947,596

Colombia — 0.2%
ABRA Global Finance, (6.00% Cash and 5.50% PIK), 11.50%, 03/02/28^(b)(i)		297		273,470
Ecopetrol SA 8.88%, 01/13/33		100		105,049
8.38%, 01/19/36		445		448,337
Gran Tierra Energy, Inc., 9.50%, 10/15/29^(b)		412		383,290
Promigas SA ESP/Gases del Pacifico SAC, 3.75%, 10/16/29^(c)		200		175,875

				1,386,021


Security	Par (000)		Value

Czech Republic — 0.0%
Allwyn Entertainment Financing U.K. PLC, 7.25%, 04/30/30^(c)	EUR	200	$	226,558


Denmark^(c)— 0.7%
AP Moller - Maersk A/S, 3.75%, 03/05/32		2,801		3,052,682
Danske Bank A/S, (1-year EUR Swap + 1.25%), 4.13%, 01/10/31^(a)		1,978		2,198,628

				5,251,310

Finland — 0.0%
Ahlstrom-Munksjo Holding 3 Oy, 3.63%, 02/04/28^(c)		100		101,142


France — 2.2%
Altice France SA/France^(c) 11.50%, 02/01/27		100		92,188
4.25%, 10/15/29		130		97,813
Atos SE, 0.00%, 11/06/24^(c)(h)(l)		100		16,187
AXA SA, (5-year EURIBOR ICE Swap + 3.84%), 6.38%, 12/31/99^(a)(c)(j)		100		112,057
Banijay Entertainment SASU, 7.00%, 05/01/29^(c)		100		113,150
Banque Federative du Credit Mutuel SA^(c) 0.75%, 06/08/26		200		203,483
4.13%, 09/18/30		600		675,125
3.75%, 02/01/33		1,500		1,651,935
4.13%, 06/14/33		2,300		2,601,328
4.38%, 01/11/34		300		320,855
BNP Paribas SA^(c) 1.88%, 12/14/27	GBP	100		113,412
(3-mo. EURIBOR + 0.73%), 0.50%, 02/19/28^(a)	EUR	1,100		1,084,616
BPCE SA^(c) 3.50%, 01/25/28		1,700		1,840,611
3.88%, 01/25/36		200		219,222
Credit Agricole Assurances SA, (5-year EURIBOR ICE Swap + 2.65%), 2.63%, 01/29/48^(a)(c)		100		101,142
Credit Agricole SA^(c) 1.25%, 04/14/26		200		206,570
0.38%, 04/20/28		1,000		954,594
Electricite de France SA^(c) 3.75%, 06/05/27		200		216,862
4.25%, 01/25/32		400		447,462
4.63%, 01/25/43		200		224,609
Elis SA, 3.75%, 03/21/30^(c)		200		214,757
Engie SA^(c) 3.88%, 01/06/31		1,100		1,213,612
3.88%, 03/06/36		400		439,618
4.50%, 09/06/42		400		458,061
Eutelsat SA, 9.75%, 04/13/29^(c)(d)		100		109,611
Forvia SE^(c) 3.75%, 06/15/28		100		104,648
5.50%, 06/15/31		100		110,582
Iliad Holding SASU, 6.50%, 10/15/26^(b)	USD	200		198,127
iliad SA^(c) 5.38%, 02/15/29	EUR	200		219,230
5.63%, 02/15/30		300		332,199
Loxam SAS^(c) 3.75%, 07/15/26		100		106,536
6.38%, 05/31/29		100		112,124
Paprec Holding SA, 7.25%, 11/17/29^(c)		200		229,817
Picard Groupe SAS, 3.88%, 07/01/26^(c)		100		105,490
RCI Banque SA, (5-year EUR Swap + 2.85%), 2.63%, 02/18/30^(a)(c)		600		631,794
RTE Reseau de Transport d’Electricite SADIR, 3.75%, 07/04/35^(c)		300		332,260


Security	Par (000)		Value

France (continued)
Sabena Technics Sas, (Acquired 10/28/22, Cost: $292,346), 8.90%, 09/30/29^(e)(g)	EUR	298	$	320,902
Teleperformance SE, 5.75%, 11/22/31^(c)		200		225,750
TotalEnergies Capital International SA, 1.66%, 07/22/26^(c)	GBP	100		118,297
Worldline SA/France^(c)(h)(l) 0.00%, 07/30/25	EUR	44		52,547
0.00%, 07/30/26		233		227,733

				17,156,916

Germany — 2.4%
Aroundtown SA, 0.00%, 07/16/26^(c)		100		95,206
Bayer AG^(c) 4.00%, 08/26/26		890		967,178
1.38%, 07/06/32		400		347,435
4.63%, 05/26/33		965		1,074,534
Cheplapharm Arzneimittel GmbH, 7.50%, 05/15/30^(c)		278		316,416
Commerzbank AG^(a)(c) (3-mo. EURIBOR + 1.95%), 5.25%, 03/25/29		300		338,995
(3-mo. EURIBOR + 2.10%), 4.63%, 01/17/31		100		110,539
(5-year EUR Swap + 6.36%), 6.13%^(j)		200		212,803
(5-year EURIBOR ICE Swap + 3.70%), 6.75%, 10/05/33		100		115,921
Deutsche Bahn Finance GmbH, 4.00%, 11/23/43^(c)		70		80,910
Deutsche Bank AG^(a)(c) (3-mo. EURIBOR + 2.50%), 5.38%, 01/11/29		600		677,682
(5-year EURIBOR ICE Swap + 3.30%), 4.00%, 06/24/32		100		104,411
E.ON SE^(c) 3.75%, 01/15/36		200		217,506
4.13%, 03/25/44		170		187,626
EnBW Energie Baden-Wuerttemberg AG, (5-year EURIBOR ICE Swap + 2.66%), 5.25%, 01/23/84^(a)(c)		100		110,287
EnBW International Finance BV^(c) 3.63%, 11/22/26		34		36,945
4.30%, 05/23/34		580		657,172
Eurogrid GmbH^(c) 3.72%, 04/27/30		900		983,244
3.92%, 02/01/34		300		329,829
Fraport AG Frankfurt Airport Services Worldwide, 1.88%, 03/31/28^(c)		28		28,123
Gruenenthal GmbH, 3.63%, 11/15/26^(c)		100		105,458
HT Troplast GmbH, 9.38%, 07/15/28^(c)		200		225,717
IHO Verwaltungs GmbH^(c)(i) (4.50% PIK), 3.75%, 09/15/26		110		116,861
(8.75% Cash or 9.50% PIK), 8.75%, 05/15/28		200		233,571
Lanxess AG, (13.63% PIK), 13.63%, 03/31/31^(e)(i)		321		324,197
LEG Immobilien SE, 0.88%, 11/28/27^(c)		200		196,003
RWE AG, 2.50%, 08/24/25^(c)		35		37,179
Sartorius Finance BV^(c) 4.50%, 09/14/32		600		681,682
4.88%, 09/14/35		900		1,045,652
Schaeffler AG^(c) 4.50%, 08/14/26		100		108,712
4.75%, 08/14/29		100		109,541
Siemens Financieringsmaatschappij NV, 3.13%, 05/22/32^(c)		1,100		1,184,765
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25^(c)		100		105,757
Tele Columbus AG, (10.00% PIK), 10.00%,
03/19/29^(c)(i)		101		75,038
TK Elevator Midco GmbH, 4.38%, 07/15/27^(c)		186		192,894


Security	Par (000)		Value

Germany (continued)
Volkswagen Bank GmbH^(c) 4.25%, 01/07/26	EUR	1,300	$	1,408,471
4.63%, 05/03/31		400		448,278
Volkswagen Financial Services NV^(c) 4.25%, 10/09/25	GBP	100		124,266
6.50%, 09/18/27		300		393,242
Wintershall Dea Finance BV^(c) 0.84%, 09/25/25	EUR	200		205,428
1.33%, 09/25/28		3,600		3,447,314
ZF Europe Finance BV, 6.13%, 03/13/29^(c)		300		343,074
ZF Finance GmbH, 5.75%, 08/03/26^(c)		300		332,825

				18,438,687

Greece — 0.0%
National Bank of Greece SA, (5-year EURIBOR ICE Swap + 3.15%), 5.88%, 06/28/35^(a)(c)		100		108,721


Hong Kong — 0.2%
FWD Group Holdings Ltd., 8.40%, 04/05/29^(b)(d)	USD	1,150		1,190,250
Melco Resorts Finance Ltd., 5.38%, 12/04/29^(c)		200		182,038

				1,372,288

India — 0.1%
Continuum Energy Levanter Pte. Ltd., 4.50%, 02/09/27^(b)		184		178,308
ReNew Pvt Ltd., 5.88%, 03/05/27^(c)		200		194,524
Vedanta Resources Finance II PLC 13.88%, 12/09/28^(c)		168		152,880
13.88%, 12/09/28^(b)		101		91,728
Vedanta Resources Ltd., 13.88%, 12/09/28^(b)		19		16,680

				634,120

Indonesia — 0.1%
LLPL Capital Pte Ltd., 6.88%, 02/04/39^(c)		155		153,775
Medco Maple Tree Pte Ltd., 8.96%, 04/27/29^(b)		104		108,225
Pertamina Persero PT, 3.65%, 07/30/29^(c)		200		185,875

				447,875

Israel — 0.1%
Teva Pharmaceutical Finance Netherlands II BV 7.38%, 09/15/29	EUR	100		119,380
4.38%, 05/09/30		100		103,840
7.88%, 09/15/31		120		149,852

				373,072

Italy — 0.9%
ASTM SpA, 1.50%, 01/25/30^(c)		800		752,071
Azzurra Aeroporti SpA^(c) 2.13%, 05/30/24		100		107,362
2.63%, 05/30/27		100		101,951
Banca Monte dei Paschi di Siena SpA, (3-mo. EURIBOR + 3.28%), 6.75%, 09/05/27^(a)(c)		150		169,055
Banco BPM SpA^(a)(c)
(3-mo. EURIBOR + 2.35%), 4.88%, 01/17/30		150		166,448
(3-mo. EURIBOR + 2.80%), 6.00%, 06/14/28		150		170,515
(5-year EUR Swap + 3.80%), 3.25%, 01/14/31		100		104,777
Cedacri Mergeco SpA, (3-mo. EURIBOR + 5.50%), 9.40%, 05/15/28^(a)(c)		150		162,030
Cerved Group SpA, (3-mo. EURIBOR + 5.25%), 9.19%, 02/15/29^(a)(c)		100		103,986
Enel Finance International NV, 0.00%, 06/17/24^(c)		200		214,038
Engineering - Ingegneria Informatica - SpA, 11.13%, 05/15/28^(c)		100		115,976
Eni SpA^(c) 4.25%, 05/19/33		702		790,049


Security	Par (000)		Value

Italy (continued)
Eni SpA^(c) (continued)
1.00%, 10/11/34	EUR	1,316	$	1,096,100
Fiber Bidco SpA, (3-mo. EURIBOR + 4.00%), 7.89%, 01/15/30^(a)(c)		300		324,892
FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27^(c).		100		103,889
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28^(c)		100		101,876
Infrastrutture Wireless Italiane SpA, 1.63%, 10/21/28^(c)		100		99,747
Intesa Sanpaolo SpA^(c) 0.75%, 12/04/24		100		105,686
5.15%, 06/10/30	GBP	100		118,009
Lottomatica SpA/Roma^(a)(c) (3-mo. EURIBOR + 4.00%), 7.94%, 12/15/30	EUR	100		109,234
(3-mo. EURIBOR + 4.13%), 8.07%, 06/01/28		100		108,829
Nexi SpA^(c) 2.13%, 04/30/29		200		193,384
0.00%, 02/24/28^(h)(l)		100		92,505
Rekeep SpA, 7.25%, 02/01/26^(c)		100		96,898
Telecom Italia Capital SA 6.00%, 09/30/34	USD	100		91,465
7.20%, 07/18/36		99		96,633
Telecom Italia SpA/Milano^(c) 6.88%, 02/15/28	EUR	100		113,966
1.63%, 01/18/29		146		135,298
UniCredit SpA^(a) (3-mo. EURIBOR + 1.60%), 4.45%, 02/16/29^(c)		150		164,994
(5-year USD ICE Swap + 4.91%), 7.30%, 04/02/34^(b)	USD	400		411,094

				6,522,757

Jamaica — 0.0%
Digicel Group Holdings Ltd., 0.00%, 12/31/30^(b)(l)		118		25,422
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd/Difl U.S., (3.00% PIK), 12.00%, 05/25/27⁽ⁱ⁾		92		90,284
Digicel Midco Ltd./Difl US II LLC, (10.50% Cash or 11.00% PIK), 10.50%, 11/25/28⁽ⁱ⁾		61		48,645

				164,351

Japan — 0.3%
East Japan Railway Co., 4.39%, 09/05/43^(c)	EUR	500		579,288
Mitsubishi UFJ Financial Group, Inc., (1-year CMT + 0.95%), 2.31%, 07/20/32^(a)	USD	514		427,331
Nomura Holdings, Inc., 5.10%, 07/03/25		200		198,706
SoftBank Group Corp.^(c) 2.13%, 07/06/24	EUR	200		213,612
4.00%, 09/19/29		150		152,238
3.88%, 07/06/32		300		289,671
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30	USD	291		246,753

				2,107,599

Jersey — 0.0%
Aston Martin Capital Holdings Ltd. 10.00%, 03/31/29^(b)		200		203,634
10.38%, 03/31/29^(c)	GBP	100		128,397

				332,031

Kuwait — 0.0%
MEGlobal BV 2.63%, 04/28/28^(b)	USD	200		178,375
2.63%, 04/28/28^(c)		200		178,375

				356,750


	Par (000)		Value

Luxembourg — 0.1%
Altice Financing SA, 4.25%, 08/15/29^(c)	EUR	150	$	131,246
Cidron Aida Finco SARL, 6.25%, 04/01/28^(c)	GBP	100		120,840
Cullinan Holdco Scsp, (3-mo. EURIBOR + 4.75%), 8.68%, 10/15/26^(a)(c)	EUR	100		102,529
Ephios Subco 3 SARL, 7.88%, 01/31/31^(c)		100		113,167
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25^(c)		100		75,878
INEOS Finance PLC, 6.38%, 04/15/29^(c)		200		215,779
Intelsat Jackson Holdings SA, 6.50%, 03/15/30^(b)	USD	75		69,680
Monitchem HoldCo 3 SA, 8.75%, 05/01/28^(c)	EUR	100		109,362

				938,481

Macau — 0.1%
Sands China Ltd., 5.40%, 08/08/28	USD	200		196,198
Wynn Macau Ltd., 5.50%, 01/15/26^(b)		200		194,186

				390,384

Malaysia — 0.0%
TNB Global Ventures Capital Bhd, 4.85%, 11/01/28^(c)		200		197,938


Mexico — 0.4%
Food Service Project SA, 5.50%, 01/21/27^(c)	EUR	100		107,346
Grupo Posadas SAB de CV, (4.00% Cash and 6.00% PIK), 7.00%, 12/30/27^(c)(i)(m)	USD	206		189,910
Petroleos Mexicanos
6.88%, 08/04/26		496		481,244
6.50%, 03/13/27		1,380		1,297,214
8.75%, 06/02/29		300		292,722
Series 13-2, 7.19%, 09/12/24	MXN	43		254,103
Trust Fibra Uno, 4.87%, 01/15/30^(c)	USD	200		177,687

				2,800,226

Netherlands — 1.0%
Cooperatieve Rabobank UA(a)(c)
(1-year UK Government Bond + 1.05%), 1.88%, 07/12/28	GBP	100		114,539
(3-mo. EURIBOR + 1.15%), 4.23%, 04/25/29	EUR	1,400		1,547,370
IMCD NV^(c)
2.13%, 03/31/27		613		627,153
4.88%, 09/18/28		490		548,228
ING Groep NV^(c)
3.00%, 02/18/26	GBP	100		121,492
(3-mo. EURIBOR + 1.60%), 4.50%, 05/23/29^(a)	EUR	1,400		1,554,475
JDE Peet’s NV, 4.50%, 01/23/34^(c)		150		168,021
Q-Park Holding I BV^(c)
5.13%, 03/01/29		100		108,952
(3-mo. EURIBOR + 2.00%), 5.94%, 03/01/26^(a)		100		108,011
REWE International Finance BV, 4.88%, 09/13/30^(c)		500		570,517
Shell International Finance BV, 2.75%, 04/06/30	USD	429		385,818
Titan Holdings II BV, 5.13%, 07/15/29^(c)	EUR	100		96,006
Viterra Finance BV, 0.38%, 09/24/25^(c)		1,345		1,374,267
VZ Secured Financing BV, 3.50%, 01/15/32^(c)		170		160,633
VZ Vendor Financing II BV, 2.88%, 01/15/29^(c)		170		158,188

				7,643,670

New Zealand — 0.1%
Chorus Ltd., 3.63%, 09/07/29		524		566,170


Panama — 0.0%
Aeropuerto Internacional de Tocumen SA, 5.13%, 08/11/61^(b)	USD	200		145,625


Security	Par (000)		Value

Portugal^(c)— 0.1%
EDP - Energias de Portugal SA^(a)
(5-year EUR Swap + 1.84%), 1.70%, 07/20/80	EUR	100	$	103,578
(5-year EUR Swap + 2.38%), 1.88%, 08/02/81		100		101,142
EDP Servicios Financieros Espana SA, 4.38%, 04/04/32		481		544,526

				749,246

Romania — 0.0%
RCS & RDS SA, 2.50%, 02/05/25^(c)		100		105,297


Saudi Arabia^(c)— 0.1%
Alinma Tier 1 Sukuk Ltd., (5-year CMT + 2.20%), 6.50%, 12/31/99^(a)(j)	USD	200		201,876
Gaci First Investment Co., 5.13%, 02/14/53		250		216,875

				418,751

Slovenia^(c)— 0.0%
United Group BV
3.13%, 02/15/26	EUR	100		103,343
6.75%, 02/15/31		100		110,423
(3-mo. EURIBOR + 4.25%), 8.13%, 02/15/31^(a)		100		107,885

				321,651

South Africa — 0.3%
Anglo American Capital PLC 4.13%, 03/15/32^(c)		400		432,563
Series 2020, 4.00%, 09/11/27^(b)	USD	1,818		1,734,894
Sasol Financing USA LLC, 8.75%, 05/03/29^(b)		400		407,125

				2,574,582

Spain^(c)— 0.4%
Amadeus IT Group SA, 2.88%, 05/20/27	EUR	100		106,146
Banco de Sabadell SA^(a)
(1-year EUR Swap + 1.60%), 4.00%, 01/15/30		300		327,973
(1-year EURIBOR ICE Swap + 2.40%), 5.50%, 09/08/29		300		340,865
(5-year EUR Swap + 2.20%), 2.00%, 01/17/30		100		105,143
Banco Santander SA^(a)
(1-year EUR Swap + 1.15%), 3.50%, 01/09/30		600		644,416
(1-year UK Government Bond + 1.80%), 3.13%, 10/06/26	GBP	100		121,688
Bankinter SA, (5-year EURIBOR ICE Swap + 2.35%), 5.00%, 06/25/34^(a)	EUR	100		107,887
Cellnex Finance Co. SA 1.00%, 09/15/27		100		98,749
2.00%, 02/15/33		100		93,560
Cellnex Telecom SA 1.00%, 04/20/27		100		99,709
2.13%, 08/11/30^(h)		400		441,767
Series CLNX, 0.75%, 11/20/31^(h)		100		92,171
Cirsa Finance International SARL, (3-mo. EURIBOR + 4.50%), 8.41%, 07/31/28^(a)		100		109,773
Lorca Telecom Bondco SA, 4.00%, 09/18/27		100		104,506
Telefonica Emisiones SA 5.38%, 02/02/26	GBP	133		168,651
4.06%, 01/24/36	EUR	300		329,342

				3,292,346

Sweden — 0.1%
Balder Finland OYJ, 1.00%, 01/20/29^(c)		100		87,709
Heimstaden Bostad Treasury BV, 1.38%, 03/03/27		136		124,536


Security	Par (000)		Value

Sweden (continued)
Stena International SA, 7.25%, 01/15/31^(b)	USD	200	$	199,491
Swedbank AB, (1-year UK Government Bond + 1.00%), 1.38%, 12/08/27^(a)(c)	GBP	100		114,381

				526,117

Switzerland — 0.9%
ABB Finance BV, 3.38%, 01/15/34^(c)	EUR	180		195,040
Credit Suisse AG/London, 0.25%, 09/01/28^(c)		425		399,133
Credit Suisse USA, Inc., 7.13%, 07/15/32	USD	1,455		1,631,581
UBS Group AG 3.75%, 03/26/25		462		453,284
(1-day SOFR + 1.73%), 3.09%, 05/14/32^(a)(b)		500		425,284
(1-day SOFR + 3.73%), 4.19%, 04/01/31^(a)(b)		500		464,248
(1-day SOFR + 3.92%), 6.54%, 08/12/33^(a)(b)		500		527,145
(1-day SOFR + 5.02%), 9.02%, 11/15/33^(a)(b)		500		606,673
(1-year CMT + 1.80%), 6.25%, 09/22/29^(a)(b)		1,927		1,988,106
(1-year EURIBOR ICE Swap + 0.77%), 0.65%, 01/14/28^(a)(c)	EUR	300		296,966
VistaJet Malta Finance PLC/Vista Management Holding, Inc.^(b) 9.50%, 06/01/28	USD	40		34,013
6.38%, 02/01/30		6		4,423

				7,025,896

Thailand — 0.1%
Bangkok Bank PCL/Hong Kong 5.50%, 09/21/33^(b)		400		403,280
(5-year CMT + 1.90%), 3.73%, 09/25/34^(a)(c)		200		178,014
(5-year CMT + 4.73%), 5.00%^(a)(c)(j)		200		194,500

				775,794

Ukraine — 0.1%
MHP Lux SA, 6.25%, 09/19/29^(c)		200		143,125
NAK Naftogaz Ukraine via Kondor Finance PLC^(f)(k) 7.13%, 07/19/26^(c)	EUR	403		263,040
7.63%, 11/08/28^(b)	USD	415		251,075

				657,240

United Arab Emirates — 0.2%
Aldar Investment Properties Sukuk Ltd., 4.88%, 05/24/33^(c)		200		194,950
Alpha Star Holding VIII Ltd., 8.38%, 04/12/27^(c)		200		205,125
DP World Salaam, (5-year CMT + 5.75%), 6.00%^(a)(c)(j)		200		199,625
GEMS MENASA Cayman Ltd./GEMS Education
Delaware LLC, 7.13%, 07/31/26^(b)		200		200,168
MDGH GMTN RSC Ltd., 4.38%, 11/22/33^(b)		200		190,250
Shelf Drilling Holdings Ltd., 9.63%, 04/15/29^(b)		467		450,655
Shelf Drilling North Sea Holdings Ltd., 10.25%, 10/31/25^(b)		127		127,635

				1,568,408

United Kingdom — 3.1%
Ardonagh Finco Ltd., 6.88%, 02/15/31^(c)	EUR	151		160,463
Astrazeneca Finance LLC, 2.25%, 05/28/31	USD	146		123,327
Avianca Midco 2 PLC, 9.00%, 12/01/28^(b)		131		126,154
Barclays PLC 3.00%, 05/08/26^(c)	GBP	100		120,528
3.25%, 02/12/27^(c)		100		119,370
(1-day SOFR + 1.74%), 5.69%, 03/12/30^(a)	USD	447		449,327
(1-day SOFR + 2.62%), 6.69%, 09/13/34^(a)		410		436,790
(1-day SOFR + 2.98%), 6.22%, 05/09/34^(a)		282		290,854
(1-year EUR Swap + 1.00%), 1.11%, 05/12/32^(a)(c)	EUR	1,171		1,039,041
(1-year EUR Swap + 1.75%), 4.92%, 08/08/30^(a)(c)		1,300		1,464,195
(1-year EUR Swap + 2.55%), 5.26%, 01/29/34^(a)(c)		400		465,429


Security	Par (000)		Value

United Kingdom (continued)
Barclays PLC (continued)
(1-year GBP Swap + 2.55%), 7.09%, 11/06/29^(a)(c)	GBP	870	$	1,168,222
Bellis Acquisition Co. PLC, 4.50%, 02/16/26^(c)		300		364,446
BG Energy Capital PLC^(c)
5.13%, 12/01/25		133		168,147
2.25%, 11/21/29	EUR	1,300		1,323,460
BP Capital Markets BV, 4.32%, 05/12/35^(c)		1,135		1,294,217
BP Capital Markets PLC, 2.82%, 04/07/32^(c)		504		519,908
British Telecommunications PLC, 4.25%, 01/06/33^(c)		758		851,133
CPUK Finance Ltd., 4.50%, 08/28/27^(c)	GBP	100		114,754
EC Finance PLC, 3.00%, 10/15/26^(c)	EUR	100		104,771
Galaxy Bidco Ltd., 6.50%, 07/31/26^(c)	GBP	100		124,274
Heathrow Finance PLC^(c)
3.88%, 03/01/27^(m)		100		118,169
4.13%, 09/01/29^(m)		130		149,947
6.63%, 03/01/31		100		124,827
HSBC Holdings PLC^(a)
(1-year GBP Swap + 1.77%), 3.00%, 05/29/30		424		480,694
(3-mo. EURIBOR + 1.29%), 4.75%, 03/10/28^(c)	EUR	378		419,790
(3-mo. LIBOR GBP + 1.31%), 1.75%, 07/24/27	GBP	1,602		1,865,650
(3-mo. LIBOR GBP + 2.12%), 6.80%, 09/14/31		630		856,462
INEOS Quattro Finance 2 PLC, Series APR, 8.50%, 03/15/29^(c)(d)	EUR	141		158,583
Informa PLC, 3.13%, 07/05/26^(c)	GBP	100		120,476
International Consolidated Airlines Group SA, 3.75%, 03/25/29^(c)	EUR	100		106,218
Lloyds Banking Group PLC, 2.25%, 10/16/24^(c)	GBP	100		123,986
Market Bidco Finco PLC, 5.50%, 11/04/27^(c)		200		229,837
Mobico Group PLC^(c) 4.88%, 09/26/31	EUR	527		562,584
(5-year UK Government Bond + 4.14%), 4.25%^(a)(j).	GBP	100		115,388
Motability Operations Group PLC, 3.88%, 01/24/34^(c)	EUR	1,306		1,443,512
NatWest Group PLC^(a)(c)
(1-year GBP Swap + 1.49%), 2.88%, 09/19/26	GBP	100		121,629
(1-year GBP Swap + 2.01%), 3.13%, 03/28/27		100		120,810
Pinewood Finance Co. Ltd., 3.25%, 09/30/25^(c)		100		123,722
Pinewood Finco PLC, 6.00%, 03/27/30^(c)		155		195,633
Pinnacle Bidco PLC, 10.00%, 10/11/28^(c)		100		131,580
Santander U.K. Group Holdings PLC, 3.63%, 01/14/26^(c)		100		122,570
SCC Power PLC^(b)(i)
(4.00% Cash and 4.00% PIK), 8.00%, 12/31/28	USD	360		148,963
(4.00% Cash or 4.00% PIK), 4.00%, 05/17/32		193		25,526
Standard Chartered PLC^(a)(c)
(1-year EUR Swap + 0.85%), 0.80%, 11/17/29	EUR	1,971		1,863,401
(1-year EUR Swap + 1.85%), 4.87%, 05/10/31		1,840		2,087,324
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28^(c)	GBP	300		338,910
Vmed O2 U.K. Financing I PLC, 4.50%, 07/15/31^(c)		307		329,358
Vodafone Group PLC, (5-year EUR Swap + 3.48%),
3.00%, 08/27/80^(a)(c)	EUR	500		486,989

				23,801,348

United States — 19.8%
AbbVie, Inc. 3.20%, 11/21/29	USD	3,150		2,902,716
5.05%, 03/15/34		100		101,239
5.40%, 03/15/54		25		25,732
AdaptHealth LLC, 4.63%, 08/01/29^(b)		25		21,514
Adient Global Holdings Ltd., 8.25%, 04/15/31^(b)		23		24,270
Allegiant Travel Co., 7.25%, 08/15/27^(b)		96		95,489


Security	Par (000)		Value

United States (continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b) 4.25%, 10/15/27	USD	25	$	23,536
6.75%, 04/15/28		44		44,311
Allied Universal Holdco LLC, 7.88%, 02/15/31^(b)		86		87,101
Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 07/15/27^(b)		71		71,213
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL, 3.63%, 06/01/28^(c)	EUR	200		199,609
Amazon.com, Inc. 3.95%, 04/13/52	USD	193		162,001
4.10%, 04/13/62		278		234,139
AMC Networks, Inc. 4.75%, 08/01/25		139		138,826
10.25%, 01/15/29^(b)(d)		113		113,820
4.25%, 02/15/29		129		91,423
American Airlines Pass-Through Trust
Series 2016-2, Class B, 4.38%, 12/15/25^(b)		37		36,805
Series 2019-1, Class AA, 3.15%, 08/15/33		67		59,460
Series 2019-1, Class B, 3.85%, 08/15/29		59		54,334
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b) 5.50%, 04/20/26		14		14,153
5.75%, 04/20/29		25		24,574
American Axle & Manufacturing, Inc., 5.00%, 10/01/29.		4		3,603
American Express Co., (1-day SOFR + 1.76%),
4.42%, 08/03/33^(a)		133		126,746
American Tower Corp. 0.88%, 05/21/29	EUR	723		679,406
2.70%, 04/15/31	USD	203		171,851
4.05%, 03/15/32		616		563,743
AmeriGas Partners LP/AmeriGas Finance Corp.,
9.38%, 06/01/28^(b)		54		55,918
Amgen, Inc. 5.50%, 12/07/26^(c)	GBP	100		128,386
3.00%, 02/22/29	USD	2,586		2,390,732
4.05%, 08/18/29		312		299,889
4.00%, 09/13/29^(c)	GBP	209		254,859
5.25%, 03/02/30	USD	1,049		1,064,943
Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, 02/01/32^(b)		36		36,157
Aon Corp./Aon Global Holdings PLC, 2.60%, 12/02/31.		388		326,453
Aon North America, Inc., 5.75%, 03/01/54		80		82,016
Archrock Partners LP/Archrock Partners Finance Corp., 6.25%, 04/01/28^(b)		2		1,979
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 2.00%, 09/01/28^(c)	EUR	100		91,673
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 5.25%, 04/30/25^(b)	USD	400		386,412
2.13%, 08/15/26^(c)	EUR	100		92,781
Asbury Automotive Group, Inc., 4.63%, 11/15/29^(b)	USD	8		7,383
Ascent Resources Utica Holdings LLC/ARU Finance Corp., Series B, 5.88%, 06/30/29^(b)		6		5,721
Ashton Woods USA LLC/Ashton Woods Finance Co.^(b) 4.63%, 04/01/30		97		88,626
Series B, 4.63%, 08/01/29		37		34,129
AT&T, Inc. 1.70%, 03/25/26		451		421,661
2.90%, 12/04/26	GBP	100		119,701
5.50%, 03/15/27^(c)		250		319,030
2.35%, 09/05/29	EUR	678		694,764
5.40%, 02/15/34	USD	871		882,425


Security	Par (000)		Value

United States (continued)
AT&T, Inc. (continued)
3.65%, 06/01/51	USD	698	$	512,425
3.65%, 09/15/59		569		396,145
Avient Corp., 7.13%, 08/01/30^(b)		11		11,278
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.^(b) 4.75%, 04/01/28		8		7,399
5.38%, 03/01/29		6		5,592
Ball Corp., 6.88%, 03/15/28		50		51,325
Baltimore Gas and Electric Co., 5.40%, 06/01/53		525		522,149
Bank of America Corp. 2.38%, 06/19/24^(c)	EUR	200		215,002
4.13%, 06/12/28^(c)		1,606		1,777,862
(1-day SOFR + 1.22%), 2.30%, 07/21/32^(a)	USD	126		103,107
(1-day SOFR + 1.33%), 2.97%, 02/04/33^(a)		81		68,886
(1-day SOFR + 1.37%), 1.92%, 10/24/31^(a)		1,078		878,376
(1-day SOFR + 1.63%), 5.20%, 04/25/29^(a)		1,837		1,838,739
(1-day SOFR + 1.83%), 4.57%, 04/27/33^(a)		1,060		1,006,913
(3-mo. CME Term SOFR + 1.57%), 4.27%, 07/23/29^(a)		443		427,015
(3-mo. EURIBOR + 0.94%), 0.65%, 10/26/31^(a)(c)	EUR	1,502		1,346,161
(3-mo. EURIBOR + 0.95%), 1.10%, 05/24/32^(a)(c)		343		311,856
(3-mo. EURIBOR + 1.20%), 2.82%, 04/27/33^(a)(c)		674		686,095
Bath & Body Works, Inc., 6.63%, 10/01/30^(b)	USD	36		36,774
Bausch Health Cos., Inc., 5.50%, 11/01/25^(b)		45		42,476
Belden, Inc., 3.88%, 03/15/28^(c)	EUR	100		105,381
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)	USD	111		111,624
Booking Holdings, Inc., 4.50%, 11/15/31	EUR	500		576,770
Boxer Parent Co., Inc., 6.50%, 10/02/25^(c)		200		215,528
Bristol-Myers Squibb Co., 5.10%, 02/22/31	USD	280		282,708
Broadcom, Inc.
4.15%, 11/15/30		169		159,804
2.45%, 02/15/31^(b)		396		333,836
4.15%, 04/15/32^(b)		166		154,005
4.30%, 11/15/32		388		364,568
2.60%, 02/15/33^(b)		258		209,537
3.42%, 04/15/33^(b)		129		111,830
3.47%, 04/15/34^(b)		278		238,221
3.14%, 11/15/35^(b)		490		395,872
Builders FirstSource, Inc., 6.38%, 06/15/32^(b)		33		33,488
Burlington Northern Santa Fe LLC, 3.05%, 02/15/51		362		248,482
Callon Petroleum Co., 7.50%, 06/15/30^(b)		31		32,783
Calpine Corp., 4.63%, 02/01/29^(b)		25		23,138
Calumet Specialty Products Partners LP/Calumet
Finance Corp., 9.75%, 07/15/28^(b)		283		279,816
Cameron LNG LLC, 3.30%, 01/15/35^(b)		369		307,049
Carnival Corp., 7.63%, 03/01/26^(c)	EUR	100		109,959
Carrier Global Corp.
4.13%, 05/29/28		2,385		2,630,693
4.50%, 11/29/32		170		194,455
Catalent Pharma Solutions, Inc., 2.38%, 03/01/28^(c)		250		255,859
CCO Holdings LLC/CCO Holdings Capital Corp. 5.13%, 05/01/27^(b)	USD	25		23,819
5.38%, 06/01/29^(b)		120		109,854
4.75%, 03/01/30^(b)		99		85,005
4.50%, 08/15/30^(b)		99		82,967
4.25%, 02/01/31^(b)		105		85,748
4.50%, 05/01/32		25		20,090
CenterPoint Energy Houston Electric LLC, 5.30%, 04/01/53		544		542,913
Champions Financing, Inc., 8.75%, 02/15/29^(b)		26		27,239


Security	Par (000)		Value

United States (continued)
Charter Communications Operating LLC/Charter
Communications Operating Capital
4.91%, 07/23/25	USD	1,868	$	1,845,266
4.40%, 04/01/33		86		76,215
3.90%, 06/01/52		1,099		698,927
4.40%, 12/01/61		300		195,894
Chemours Co.
4.00%, 05/15/26	EUR	200		206,298
4.63%, 11/15/29^(b)	USD	25		21,552
CHS/Community Health Systems, Inc.^(b)
5.63%, 03/15/27		25		23,010
5.25%, 05/15/30		80		65,233
4.75%, 02/15/31		25		19,294
Churchill Downs, Inc., 5.75%, 04/01/30^(b)		58		55,987
Cisco Systems, Inc., 4.95%, 02/26/31		675		680,958
Citigroup, Inc.
1.75%, 10/23/26	GBP	100		116,560
(1-day SOFR + 1.36%), 5.17%, 02/13/30^(a)	USD	135		134,370
(1-day SOFR + 2.34%), 6.27%, 11/17/33^(a)		2,465		2,603,453
Civitas Resources, Inc.^(b)
5.00%, 10/15/26		162		158,380
8.38%, 07/01/28		336		353,711
Clarios Global LP/Clarios U.S. Finance Co.^(b)
6.25%, 05/15/26		13		12,993
6.75%, 05/15/28		25		25,341
Clear Channel Outdoor Holdings, Inc., 9.00%,
09/15/28^(b)		59		61,455
Cleveland-Cliffs, Inc., 6.75%, 04/15/30^(b)		44		44,128
Cloud Software Group, Inc., 9.00%, 09/30/29^(b)		72		69,056
Clydesdale Acquisition Holdings, Inc., 8.75%,
04/15/30^(b)		108		106,114
CNX Resources Corp., 7.25%, 03/01/32^(b)		75		76,232
Comcast Corp.
2.65%, 02/01/30		373		331,734
1.50%, 02/15/31		697		562,739
5.50%, 11/15/32		259		268,390
4.25%, 01/15/33		151		142,974
2.89%, 11/01/51		396		257,053
2.94%, 11/01/56		360		226,658
2.99%, 11/01/63		14		8,598
Commonwealth Edison Co., 5.30%, 02/01/53		303		298,248
CommScope Technologies LLC, 6.00%, 06/15/25^(b)		115		100,015
CommScope, Inc., 6.00%, 03/01/26^(b)		83		75,945
Comstock Resources, Inc.^(b)
6.75%, 03/01/29		2		1,907
5.88%, 01/15/30		19		17,207
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige
International U.S. LLC, 6.63%, 07/15/30^(b)		2		2,031
Covanta Holding Corp., 4.88%, 12/01/29^(b)		52		46,605
CQP Holdco LP/BIP-V Chinook Holdco LLC, 7.50%,
12/15/33^(b)		250		257,304
Crescent Energy Finance LLC, 7.63%, 04/01/32^(b)		94		94,724
CRH SMW Finance DAC^(c)
4.00%, 07/11/31	EUR	100		111,194
4.25%, 07/11/35		300		338,957
Crown Castle, Inc., 2.10%, 04/01/31	USD	429		347,255
Crown European Holdings SA, 3.38%, 05/15/25^(c)	EUR	100		106,956
CrownRock LP/CrownRock Finance, Inc., 5.00%,
05/01/29^(b)	USD	19		18,768
CSC Holdings LLC^(b)
11.25%, 05/15/28		200		198,189
11.75%, 01/31/29		200		200,312


Security	Par (000)		Value

United States (continued)
CSX Corp.
4.10%, 11/15/32	USD	221	$	208,190
5.20%, 11/15/33		176		178,954
CVS Health Corp., 5.63%, 02/21/53		297		291,673
Dana Financing Luxembourg SARL, 8.50%, 07/15/31^(c)	EUR	100		118,737
Dana, Inc., 4.25%, 09/01/30	USD	28		24,742
DaVita, Inc.^(b)
4.63%, 06/01/30		13		11,639
3.75%, 02/15/31		33		27,630
Directv Financing LLC, 8.88%, 02/01/30^(b)		35		34,915
Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27^(b)		11		10,406
DISH DBS Corp., 5.88%, 11/15/24		472		452,235
DISH Network Corp., 0.00%, 12/15/25^(h)(l)		173		126,290
Duke Energy Corp., 3.85%, 06/15/34	EUR	600		640,740
Edison International, 6.95%, 11/15/29	USD	1,339		1,434,514
Elevance Health, Inc., 5.13%, 02/15/53		268		256,835
EMRLD Borrower LP/Emerald Co-Issuer, Inc., 6.38%, 12/15/30^(c)	EUR	108		122,318
Encore Capital Group, Inc., 4.88%, 10/15/25^(c)		100		106,806
Energizer Holdings, Inc., 4.38%, 03/31/29^(b)	USD	29		25,986
Energy Transfer LP, 5.63%, 05/01/27^(b)		25		24,910
Entegris, Inc., 4.75%, 04/15/29^(b)		25		23,959
EQM Midstream Partners LP, 7.50%, 06/01/30^(b)		40		42,758
Equinix, Inc., 3.90%, 04/15/32		662		599,005
EquipmentShare.com, Inc., 9.00%, 05/15/28^(b)		445		458,346
Esab Corp., 6.25%, 04/15/29^(b)(d)		89		89,417
Eversource Energy
5.13%, 05/15/33		124		121,501
Series R, 1.65%, 08/15/30		242		194,556
Exelon Corp., Series WI, 4.10%, 03/15/52		364		289,563
Expedia Group, Inc., 6.25%, 05/01/25^(b)		268		269,172
Ferrellgas LP/Ferrellgas Finance Corp., 5.88%, 04/01/29^(b)		2		1,905
Fiesta Purchaser, Inc., 7.88%, 03/01/31^(b)		67		69,191
FirstEnergy Transmission LLC, 4.55%, 04/01/49^(b)		318		269,077
Fiserv, Inc.
4.50%, 05/24/31	EUR	119		134,058
5.60%, 03/02/33	USD	60		61,171
5.63%, 08/21/33		144		147,108
Florida Power & Light Co., 2.88%, 12/04/51		1,309		860,304
Ford Motor Credit Co. LLC
6.86%, 06/05/26	GBP	108		140,066
6.13%, 05/15/28	EUR	100		116,269
7.12%, 11/07/33	USD	400		430,364
Freed Corp., 12.00%, 11/30/28^(e)		2,290		2,252,902
Freedom Mortgage Corp.^(b)
12.00%, 10/01/28		15		16,350
12.25%, 10/01/30		4		4,399
Freedom Mortgage Holdings LLC, 9.25%, 02/01/29^(b)		17		17,399
Freewire Technology Notes, (6.00% PIK) , 6.00%,
02/20/28^(e)(i)		356		257,075
Frontier Communications Holdings LLC^(b)
5.00%, 05/01/28		54		50,123
8.75%, 05/15/30		96		98,229
Full House Resorts, Inc., 8.25%, 02/15/28^(b)		50		47,782
Gap, Inc., 3.63%, 10/01/29^(b)		38		33,287
Genesis Energy LP/Genesis Energy Finance Corp.,
8.88%, 04/15/30		44		46,057
GFL Environmental, Inc., 4.00%, 08/01/28^(b)		29		26,729
Gilead Sciences, Inc., 2.80%, 10/01/50		459		299,195


Security	Par (000)		Value

United States (continued)
Global Payments, Inc.
2.15%, 01/15/27	USD	1,138	$	1,050,132
4.88%, 03/17/31	EUR	122		138,630
Goldman Sachs Group, Inc.
7.25%, 04/10/28	GBP	50		68,223
4.00%, 09/21/29^(c)	EUR	2,489		2,767,373
(1-day SOFR + 0.49%), 5.84%, 10/21/24^(a)	USD	288		288,170
(1-day SOFR + 1.25%), 2.38%, 07/21/32^(a)		103		84,497
(1-day SOFR + 1.26%), 2.65%, 10/21/32^(a)		489		406,858
(1-day SOFR + 1.28%), 2.62%, 04/22/32^(a)		232		194,706
(1-day SOFR + 1.41%), 3.10%, 02/24/33^(a)		747		638,869
(1-day SOFR + 1.73%), 4.48%, 08/23/28^(a)		435		425,271
(1-day SOFR + 1.77%), 6.48%, 10/24/29^(a)		1,586		1,668,662
(1-day SOFR + 1.95%), 6.56%, 10/24/34^(a)		862		940,438
(1-year UK Government Bond + 1.95%), 3.63%, 10/29/29^(a)(c)	GBP	696		830,073
(3-mo. CME Term SOFR + 1.46%), 3.27%, 09/29/25^(a)	USD	175		172,893
Goodyear Tire & Rubber Co., 5.00%, 07/15/29		29		27,075
Gray Television, Inc., 4.75%, 10/15/30^(b)		65		42,630
GXO Logistics, Inc., 2.65%, 07/15/31		121		98,512
Hanesbrands, Inc., 4.88%, 05/15/26^(b)		17		16,552
HCA, Inc.
3.50%, 09/01/30		525		474,787
3.63%, 03/15/32		1,432		1,267,659
5.50%, 06/01/33		208		208,749
Hertz Corp., 5.00%, 12/01/29^(b)		31		23,956
Hilcorp Energy I LP/Hilcorp Finance Co., 8.38%, 11/01/33^(b)		34		36,863
Hilton Domestic Operating Co., Inc., 4.00%, 05/01/31^(b)		23		20,557
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 06/01/29^(b).		25		23,315
Hilton Worldwide Finance LLC/Hilton Worldwide
Finance Corp., 4.88%, 04/01/27		11		10,814
Hologic, Inc., 3.25%, 02/15/29^(b)		25		22,405
Home Depot, Inc., 2.95%, 06/15/29		230		211,509
Honeywell International, Inc., 3.75%, 05/17/32	EUR	520		575,981
Howard Hughes Corp., 5.38%, 08/01/28^(b)	USD	23		22,061
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 9.75%, 01/15/29^(b)		53		55,322
Imola Merger Corp., 4.75%, 05/15/29^(b)		25		23,441
Insight M, Inc., 7.00%, 01/25/29^(e)		93		94,193
Intel Corp.
4.15%, 08/05/32		490		465,383
5.20%, 02/10/33		302		306,188
5.15%, 02/21/34		570		571,299
Iron Mountain, Inc.^(b)
7.00%, 02/15/29		48		48,915
4.50%, 02/15/31		92		83,006
JPMorgan Chase & Co.^(a)
(1-day SOFR + 1.16%), 2.30%, 10/15/25		178		174,864
(1-day SOFR + 1.18%), 2.55%, 11/08/32		351		292,069
(1-day SOFR + 1.31%), 5.01%, 01/23/30		245		243,996
(1-day SOFR + 1.33%), 6.07%, 10/22/27		140		142,846
(1-day SOFR + 1.57%), 6.09%, 10/23/29		853		886,789
(1-day SOFR + 1.62%), 5.34%, 01/23/35		20		20,078
(1-day SOFR + 1.75%), 4.57%, 06/14/30		602		587,012
(1-day SOFR + 1.80%), 4.59%, 04/26/33		785		752,158
(1-day SOFR + 1.81%), 6.25%, 10/23/34		1,262		1,348,311
(3-mo. EURIBOR + 0.98%), 3.76%, 03/21/34^(c)	EUR	550		601,167
(3-mo. EURIBOR + 1.28%), 4.46%, 11/13/31^(c)		1,470		1,676,322
(3-mo. LIBOR GBP + 0.68%), 0.99%, 04/28/26^(c)	GBP	100		120,688


Security	Par (000)		Value

United States (continued)
KLA Corp., 5.25%, 07/15/62	USD	250	$	247,703
Kohl’s Corp., 4.63%, 05/01/31		17		14,306
Kraft Heinz Foods Co., 4.13%, 07/01/27^(c)	GBP	100		123,909
Kronos International, Inc., 9.50%, 03/15/29^(c)	EUR	105		120,642
Lamar Media Corp., 3.75%, 02/15/28	USD	15		14,014
Landsea Homes Corp., 11.00%, 07/17/28^(e)		1,692		1,660,360
Las Vegas Sands Corp., 2.90%, 06/25/25		25		24,053
Lessen, Inc., 13.83%, 01/05/28^(a)(b)(e)		772		705,607
Level 3 Financing, Inc., 4.63%, 09/15/27		239		158,935
LGI Homes, Inc., 8.75%, 12/15/28^(b)		298		314,430
Light & Wonder International, Inc., 7.50%, 09/01/31^(b).		21		21,838
Linde PLC^(c)
3.20%, 02/14/31	EUR	300		324,568
1.38%, 03/31/31		200		192,106
Lithia Motors, Inc.^(b)
3.88%, 06/01/29	USD	10		9,012
4.38%, 01/15/31		31		27,768
Live Nation Entertainment, Inc., 6.50%, 05/15/27^(b)		13		13,142
Lowe’s Cos., Inc.
4.25%, 04/01/52		173		141,738
5.63%, 04/15/53		264		266,642
5.75%, 07/01/53		100		103,209
Macy’s Retail Holdings LLC, 5.88%, 04/01/29^(b)		4		3,924
Marriott International, Inc., 5.45%, 09/15/26		175		175,888
Marsh & McLennan Cos., Inc.
2.90%, 12/15/51		68		43,738
5.45%, 03/15/53		297		298,932
Matador Resources Co., 6.50%, 04/15/32^(b)(d)		123		123,149
Mauser Packaging Solutions Holding Co., 7.88%, 08/15/26^(b)		367		373,882
McDonald’s Corp., 4.13%, 11/28/35^(c)	EUR	360		405,250
Medline Borrower LP^(b)
3.88%, 04/01/29	USD	25		22,755
5.25%, 10/01/29		25		23,629
Medtronic Global Holdings SCA, 4.50%, 03/30/33		161		156,229
MGM Resorts International, 4.75%, 10/15/28		25		23,777
MidAmerican Energy Co., 5.30%, 02/01/55		50		49,460
Midwest Gaming Borrower LLC/Midwest Gaming
Finance Corp., 4.88%, 05/01/29^(b)		2		1,852
Moody’s Corp.
1.75%, 03/09/27	EUR	1,100		1,137,374
0.95%, 02/25/30		250		236,430
3.10%, 11/29/61	USD	169		110,004
Morgan Stanley^(a)
(1-day SOFR + 1.02%), 1.93%, 04/28/32		269		215,914
(1-day SOFR + 1.03%), 1.79%, 02/13/32		364		290,975
(1-day SOFR + 1.14%), 2.70%, 01/22/31		141		123,190
(1-day SOFR + 1.20%), 2.51%, 10/20/32		199		164,606
(1-day SOFR + 1.29%), 2.94%, 01/21/33		472		401,164
(1-day SOFR + 1.45%), 5.17%, 01/16/30		131		131,111
(1-day SOFR + 1.59%), 5.16%, 04/20/29		122		121,902
(1-day SOFR + 1.63%), 5.45%, 07/20/29		1,365		1,376,970
(1-day SOFR + 1.83%), 6.41%, 11/01/29		1,030		1,080,020
(1-day SOFR + 1.87%), 5.25%, 04/21/34		280		277,811
(1-day SOFR + 1.88%), 5.42%, 07/21/34		27		27,084
(1-day SOFR + 2.05%), 6.63%, 11/01/34		229		250,550
(1-day SOFR + 2.08%), 4.89%, 07/20/33		1,757		1,704,081
(1-day SOFR + 3.12%), 3.62%, 04/01/31		227		208,187
(3-mo. EURIBOR + 0.72%), 0.50%, 02/07/31	EUR	1,661		1,504,190
(3-mo. EURIBOR + 1.24%), 3.96%, 03/21/35		610		667,811
(3-mo. EURIBOR + 1.30%), 4.66%, 03/02/29		1,142		1,276,159
(3-mo. EURIBOR + 1.76%), 4.81%, 10/25/28		1,800		2,020,138
Murphy Oil USA, Inc., 3.75%, 02/15/31^(b)	USD	10		8,734


Security	Par (000)		Value

United States (continued)
Nasdaq, Inc.
5.55%, 02/15/34	USD	266	$	270,487
6.10%, 06/28/63		160		170,607
National Grid North America, Inc., 4.67%, 09/12/33^(c)	EUR	850		973,962
Nationstar Mortgage Holdings, Inc.^(b)
6.00%, 01/15/27	USD	25		24,645
5.50%, 08/15/28		115		110,064
5.13%, 12/15/30		101		91,635
5.75%, 11/15/31		48		44,273
7.13%, 02/01/32		103		102,295
Navient Corp., 11.50%, 03/15/31		25		27,823
NCL Corp. Ltd.^(b)
8.38%, 02/01/28		25		26,408
8.13%, 01/15/29		51		53,967
Neptune Bidco U.S., Inc., 9.29%, 04/15/29^(b)		25		23,639
Nestle Finance International Ltd.^(c)
3.38%, 11/15/34	EUR	800		891,139
3.25%, 01/23/37		310		332,299
New York Life Global Funding, Class F4, 4.35%, 09/16/25^(c)	GBP	150		187,727
Newell Brands, Inc.
5.70%, 04/01/26	USD	25		24,554
6.38%, 09/15/27		19		18,685
6.63%, 09/15/29		6		5,866
NextEra Energy Capital Holdings, Inc., 2.25%, 06/01/30		110		93,662
Nordstrom, Inc., 4.25%, 08/01/31		33		28,976
Norfolk Southern Corp.
2.55%, 11/01/29		213		188,119
5.05%, 08/01/30		526		527,573
3.00%, 03/15/32		122		105,954
4.45%, 03/01/33		255		244,630
Northern Oil & Gas, Inc., 8.75%, 06/15/31^(b)		43		45,406
Novelis Corp., 3.88%, 08/15/31^(b)		13		11,167
NRG Energy, Inc.^(b)
3.75%, 06/15/24		20		19,894
3.38%, 02/15/29		29		25,764
4.45%, 06/15/29		40		37,813
3.63%, 02/15/31		48		41,422
NuStar Logistics LP, 6.38%, 10/01/30		6		6,039
NVIDIA Corp., 2.00%, 06/15/31		145		122,521
Ohio Power Co., 5.00%, 06/01/33		469		460,198
OI European Group BV, 6.25%, 05/15/28^(c)	EUR	171		192,246
Olympus Water U.S. Holding Corp.
9.63%, 11/15/28^(c)		200		231,100
9.75%, 11/15/28^(b)	USD	666		709,434
Oncor Electric Delivery Co. LLC
4.15%, 06/01/32		663		623,114
5.65%, 11/15/33		79		82,178
ONE Gas, Inc., 2.00%, 05/15/30		35		29,702
OneMain Finance Corp.
7.13%, 03/15/26		25		25,454
7.88%, 03/15/30		88		90,778
Oracle Corp.
3.40%, 07/08/24		1,004		997,558
2.50%, 04/01/25		517		501,407
6.15%, 11/09/29		1,079		1,137,196
2.95%, 04/01/30		618		549,926
2.88%, 03/25/31		1,666		1,448,548
6.25%, 11/09/32		474		507,152
4.90%, 02/06/33		79		77,345
4.10%, 03/25/61		49		36,796


Security	Par (000)		Value

United States (continued)
Organon & Co./Organon Foreign Debt Co-Issuer BV,
2.88%, 04/30/28^(c)	EUR	100	$	100,316
Outfront Media Capital LLC/Outfront Media Capital
Corp., 4.25%, 01/15/29^(b)	USD	52		47,111
Pacific Gas and Electric Co.
6.10%, 01/15/29		754		776,978
4.55%, 07/01/30		790		750,912
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 4.88%, 05/15/29^(b)		218		202,723
PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30^(b)		21		21,783
PECO Energy Co.
2.85%, 09/15/51		343		221,426
4.38%, 08/15/52		290		251,769
PennyMac Financial Services, Inc., 7.88%, 12/15/29^(b)		76		78,093
Penske Truck Leasing Co. LP/PTL Finance Corp., 5.35%, 01/12/27^(b)		225		225,163
Performance Food Group, Inc., 4.25%, 08/01/29^(b)		31		28,409
Permian Resources Operating LLC^(b)
7.75%, 02/15/26		35		35,453
8.00%, 04/15/27		180		185,389
5.88%, 07/01/29		62		60,967
7.00%, 01/15/32		74		76,769
Pfizer Investment Enterprises Pte. Ltd.
5.30%, 05/19/53		245		243,587
5.34%, 05/19/63		874		856,417
Pilgrim’s Pride Corp.
4.25%, 04/15/31		25		22,536
6.25%, 07/01/33		244		249,340
Playtika Holding Corp., 4.25%, 03/15/29^(b)		4		3,463
PNC Financial Services Group, Inc., (1-day SOFR + 1.90%), 5.68%, 01/22/35^(a)		25		25,228
Post Holdings, Inc.^(b)
4.63%, 04/15/30		25		22,950
4.50%, 09/15/31		48		43,176
Premier Entertainment Sub LLC/Premier
Entertainment Finance Corp., 5.63%, 09/01/29^(b)		19		14,505
Prologis LP, 5.13%, 01/15/34		604		606,618
Public Service Electric and Gas Co.
3.70%, 05/01/28		369		354,310
3.10%, 03/15/32		715		626,787
5.20%, 08/01/33		446		452,584
QUALCOMM, Inc.
2.15%, 05/20/30		199		172,646
4.50%, 05/20/52		204		183,180
Range Resources Corp., 8.25%, 01/15/29		4		4,161
Republic Services, Inc., 5.00%, 04/01/34		109		108,203
Roche Holdings, Inc., 2.08%, 12/13/31^(b)		235		193,588
RTX Corp., 2.15%, 05/18/30	EUR	2,288		2,265,387
Ryder System, Inc., 5.25%, 06/01/28	USD	904		908,132
S&P Global, Inc.
5.25%, 09/15/33^(b)		378		386,256
2.30%, 08/15/60		121		66,384
3.90%, 03/01/62		19		14,862
Sabre GLBL, Inc., 11.25%, 12/15/27^(b)		8		7,508
Salesforce, Inc., 1.95%, 07/15/31		93		77,201
Sally Holdings LLC/Sally Capital, Inc., 6.75%, 03/01/32		140		138,905
San Diego Gas & Electric Co.
Series VVV, 1.70%, 10/01/30		584		480,037
Series XXX, 3.00%, 03/15/32		171		148,547


Security	Par (000)		Value

United States (continued)
SBA Communications Corp., 3.13%, 02/01/29	USD	44	$	38,830
SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 07/15/28^(c)	EUR	150		176,347
Scotts Miracle-Gro Co., 4.38%, 02/01/32	USD	10		8,621
Seagate HDD Cayman, 9.63%, 12/01/32		52		59,243
Sensata Technologies, Inc., 3.75%, 02/15/31^(b)		11		9,515
Service Corp. International, 4.00%, 05/15/31		11		9,746
Service Properties Trust
4.50%, 03/15/25		46		44,942
5.50%, 12/15/27		8		7,626
3.95%, 01/15/28		13		11,126
8.63%, 11/15/31^(b)		236		251,679
Sirius XM Radio, Inc.^(b)
4.00%, 07/15/28		72		65,871
5.50%, 07/01/29		25		23,812
4.13%, 07/01/30		17		14,861
3.88%, 09/01/31		25		20,845
Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28^(b)		106		109,636
Six Flags Entertainment Corp., 7.25%, 05/15/31^(b)		40		40,524
Sonder Secured Notes, (14.35% PIK), 14.35%, 01/19/27^(a)(e)(i)		770		679,134
Southern California Edison Co.
5.65%, 10/01/28		1,616		1,662,375
5.95%, 11/01/32		716		750,831
5.20%, 06/01/34		500		494,989
Sprint Capital Corp., 8.75%, 03/15/32		950		1,151,924
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)		25		24,444
Standard Industries, Inc., 4.38%, 07/15/30^(b)		11		9,884
Stem, Inc., 0.50%, 12/01/28^(b)(h)		27		13,161
STL Holding Co. LLC, 8.75%, 02/15/29^(b)		95		97,498
Sunoco LP/Sunoco Finance Corp., 4.50%, 04/30/30		125		114,465
Surgery Center Holdings, Inc., 7.25%, 04/15/32^(b)(d)		115		115,893
Tallgrass Energy Partners LP/Tallgrass Energy
Finance Corp., 5.50%, 01/15/28^(b)		13		12,525
Talos Production, Inc., 9.38%, 02/01/31^(b)		50		53,303
TEGNA, Inc., 5.00%, 09/15/29		6		5,379
Tempur Sealy International, Inc., 3.88%, 10/15/31^(b)		2		1,698
Tenet Healthcare Corp., 4.63%, 06/15/28		25		23,805
Tenneco, Inc., 8.00%, 11/17/28^(b)		222		202,561
Texas Capital Bank NA, (1-mo. LIBOR US + 4.50%), 10.09%, 09/30/24^(a)(b)		727		724,014
Texas Instruments, Inc., 4.90%, 03/14/33		70		70,706
Thermo Fisher Scientific, Inc.
1.75%, 10/15/28		746		658,337
2.60%, 10/01/29		123		110,368
2.00%, 10/15/31		147		121,105
T-Mobile U.S., Inc.
3.38%, 04/15/29		1,340		1,239,273
3.88%, 04/15/30⁽ⁿ⁾		2,017		1,889,490
5.05%, 07/15/33		469		463,909
5.75%, 01/15/34		132		137,462
5.15%, 04/15/34		170		169,431
Toyota Motor Credit Corp., 4.80%, 01/05/34		564		554,852
TransDigm, Inc.
6.75%, 08/15/28^(b)		72		72,950
4.63%, 01/15/29		96		89,089
Transocean Titan Financing Ltd., 8.38%, 02/01/28^(b)		55		57,239
Transocean, Inc., 8.75%, 02/15/30^(b)		52		54,428
Travel & Leisure Co., 4.50%, 12/01/29^(b)		2		1,839
U.S. Foods, Inc.^(b)
6.88%, 09/15/28		25		25,591
7.25%, 01/15/32		27		28,100


Security	Par (000)		Value

United States (continued)
Uber Technologies, Inc.^(b)
7.50%, 09/15/27	USD	25	$	25,600
4.50%, 08/15/29		11		10,437
Series 2028, 0.88%, 12/01/28^(h)		430		531,910
Union Pacific Corp.
3.84%, 03/20/60		213		163,542
2.97%, 09/16/62		128		80,127
5.15%, 01/20/63		175		169,832
3.85%, 02/14/72		121		90,216
United Airlines, Inc.^(b)
4.38%, 04/15/26		25		24,168
4.63%, 04/15/29		19		17,670
United Rentals North America, Inc., 5.25%, 01/15/30		50		48,771
United Wholesale Mortgage LLC, 5.50%, 04/15/29^(b)		13		12,295
UnitedHealth Group, Inc.
2.88%, 08/15/29		320		292,065
5.30%, 02/15/30		353		361,404
2.90%, 05/15/50		900		607,461
6.05%, 02/15/63		245		269,401
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC^(b)
10.50%, 02/15/28		35		36,285
4.75%, 04/15/28		40		34,925
Univision Communications, Inc.^(b)
8.00%, 08/15/28		25		25,469
4.50%, 05/01/29		76		67,918
Venture Global Calcasieu Pass LLC, 6.25%, 01/15/30^(b)		63		63,382
Venture Global LNG, Inc., 8.13%, 06/01/28^(b)		63		64,272
Verizon Communications, Inc.
1.45%, 03/20/26		2,508		2,338,479
1.50%, 09/18/30		678		553,477
1.75%, 01/20/31		373		302,775
2.55%, 03/21/31		216		184,533
2.36%, 03/15/32		267		219,420
5.05%, 05/09/33		240		239,910
4.50%, 08/10/33		297		284,025
4.40%, 11/01/34		333		313,912
2.88%, 11/20/50		121		79,033
3.55%, 03/22/51		105		77,948
2.99%, 10/30/56		124		79,318
3.70%, 03/22/61		113		82,623
Vistra Operations Co. LLC^(b)
5.00%, 07/31/27		25		24,208
7.75%, 10/15/31		25		26,182
Vital Energy, Inc., 7.88%, 04/15/32^(b)		65		66,031
Walgreens Boots Alliance, Inc., 3.20%, 04/15/30		8		6,953
Walt Disney Co.
2.00%, 09/01/29		384		334,537
3.80%, 03/22/30		201		191,524
Wells Fargo & Co.
0.50%, 04/26/24^(c)	EUR	145		156,083
1.63%, 06/02/25^(c)		934		981,713
2.00%, 04/27/26^(c)		135		140,824
(1-day SOFR + 1.74%), 5.57%, 07/25/29^(a)	USD	275		278,259
(1-day SOFR + 1.78%), 5.50%, 01/23/35^(a)		11		11,026
(1-day SOFR + 1.79%), 6.30%, 10/23/29^(a)		1,037		1,080,077
(1-day SOFR + 1.99%), 5.56%, 07/25/34^(a)		206		206,796
(1-day SOFR + 2.02%), 5.39%, 04/24/34^(a)		343		340,864
(1-day SOFR + 2.06%), 6.49%, 10/23/34^(a)		1,141		1,223,807
(3-mo. EURIBOR + 1.85%), 1.74%, 05/04/30^(a)(c)	EUR	2,670		2,626,207
Westbay 4A2, 11.00%, 02/06/30^(e)	USD	1,688		1,658,460
Western Digital Corp., 4.75%, 02/15/26		25		24,422


Security	Par (000)		Value

United States (continued)
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.,
5.25%, 05/15/27^(b)	USD	25	$	24,485
Xerox Holdings Corp., 5.50%, 08/15/28^(b)		25		22,762
XHR LP, 4.88%, 06/01/29^(b)		25		23,147
Yum! Brands, Inc., 3.63%, 03/15/31		50		44,246
Zayo Group Holdings, Inc., 4.00%, 03/01/27^(b)		105		86,430

				150,883,842


Total Corporate Bonds — 35.7% (Cost: $268,223,071)				272,655,655


Fixed Rate Loan Interests

India — 0.1%
Vedanta Hold Mauritius II Ltd., Delayed Draw Term Loan, 18.00%, 04/17/26		827		827,000


Total Fixed Rate Loan Interests — 0.1% (Cost: $827,000)				827,000


Floating Rate Loan Interests^(a)

Canada — 0.0%
Kronos Acquisition Holdings, Inc., 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.15%), 11.49%, 12/22/26		71		71,447


Colombia — 0.1%
Ecopetrol SA, 2023 Term Loan, (6-mo. CME Term SOFR + 4.75%), 10.00%, 09/06/30^(e)		450		463,500


Luxembourg — 0.0%
Euro Parfums Fze, Term Loan B, 06/23/28^(e)(o)		110		108,350


United States — 0.7%
American Auto Auction Group, LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 5.15%), 10.46%, 12/30/27		66		65,211
American Rock Salt Co. LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.44%, 06/09/28		52		44,916
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 10/02/28		317		297,014
Conair Holdings LLC, Term Loan B, (1-mo. CME Term SOFR + 3.86%), 9.19%, 05/17/28		48		47,386
ConnectWise LLC, 2021 Term Loan B, (3-mo. CME Term SOFR + 3.76%), 9.06%, 09/29/28		49		48,590
Coreweave Compute Acquisition Co. II, LLC, Delayed Draw Term Loan, (3-mo. CME Term SOFR + 8.75%), 14.06%, 06/30/28^(e)		1,354		1,345,605
Digital Room Holdings, Inc., 2021 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 5.35%), 10.68%, 12/21/28		134		125,450
DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.11%), 10.44%, 08/02/27		86		86,139
ECL Entertainment, LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.08%, 08/31/30		396		397,099
EIS Buyer, Inc., Revolver, (1-mo. CME Term SOFR at 0.75% Floor + 7.00%), 12.33%, 07/10/28^(e)		53		51,848
EIS Group, Inc., Term Loan, (1-mo. CME Term SOFR + 7.00%), 12.33%, 05/01/28^(e)		532		518,481


Security	Par (000)		Value

United States (continued)
Emerald Electronics Manufacturing Services, Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.40%), 11.74%, 12/29/27^(e)	USD	155	$	139,365
Flexsys Holdings, Inc., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 5.51%), 10.82%, 11/01/28		100		97,503
Green Plains Operating Co. LLC, Term Loan, (3-mo. LIBOR US + 8.00%), 13.59%, 07/20/26^(e)		499		488,816
Helios Service Partners LLC^(e)
2023 Delayed Draw Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.25%), 11.78%, 03/19/27		167		166,271
2023 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 6.51%), 11.81%, 03/19/27		101		100,597
Hydrofarm Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at -4.50% Floor + 5.61%), 10.83%, 10/25/28^(e)		97		77,817
Jack Ohio Finance LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.86%), 10.19%, 10/04/28		79		79,051
Level 3 Financing, Inc.^(e)
2024 Extended Term Loan B1, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/29		51		50,927
2024 Extended Term Loan B2, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/30		52		51,301
Maverick Gaming LLC, Term Loan B, (3-mo. CME Term SOFR + 7.76%), 13.10%, 09/03/26		121		84,443
Medical Solutions Holdings, Inc., 2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 7.10%), 12.43%, 11/01/29		74		59,108
Naked Juice LLC, 2nd Lien Term Loan, (3-mo. CME Term SOFR + 6.10%), 11.40%, 01/24/30		20		16,106
Orion Group Holdco, LLC^(e)
2022 1st Amendment Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.76%), 12.06%, 03/19/27		19		19,212
2022 First A&R Amendment Incremental DDTL, (3-mo. CME Term SOFR at 1.00% Floor + 6.76%), 12.06%, 03/19/27		86		86,139
Delayed Draw Term Loan, (3-mo. CME Term SOFR + 6.26%), 11.56%, 03/19/27		32		32,131
First Lien Delayed Draw Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.26%), 11.56%, 03/19/27		193		192,540
First Lien Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.26%), 11.56%, 03/19/27		16		16,470
Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 6.26%), 11.56%, 03/19/27		3		3,210
Project Montage, PIK Term Loan, (Prime + 5.00%), 12.00%, 02/16/29^(e)		240		239,538
Vaco Holdings LLC, 2022 Term Loan, (3-mo. CME Term SOFR + 5.25%), 10.43%, 01/21/29		158		156,336

				5,184,620


Total Floating Rate Loan Interests — 0.8% (Cost: $5,929,377)				5,827,917


Security	Par (000)		Value

Foreign Agency Obligations

Angola — 0.0%
Angolan Government International Bond, 8.75%, 04/14/32^(b)	USD	271	$	249,320


Argentina — 0.0%
Argentine Republic Government International Bond
1.00%, 07/09/29		172		91,698
3.63%, 07/09/35^(m)		333		137,862
4.25%, 01/09/38^(m)		209		96,767

				326,327

Australia^(c)— 0.0%
Australia Government Bond
Series 136, 4.75%, 04/21/27	AUD	220		148,098
Series 137, 2.75%, 04/21/24		130		84,649
Series 144, 3.75%, 04/21/37		80		50,331
Series 149, 2.25%, 05/21/28		90		55,633

				338,711

Austria^(b)(c)— 0.1%
Republic of Austria Government Bond
0.75%, 02/20/28	EUR	556		557,672
1.50%, 02/20/47		222		180,035

				737,707

Belgium^(b)(c)— 0.2%
Kingdom of Belgium Government Bond
Series 78, 1.60%, 06/22/47		351		277,030
Series 85, 0.80%, 06/22/28		855		856,265

				1,133,295

Benin — 0.0%
Benin Government International Bond, 7.96%, 02/13/38^(b)	USD	200		194,813


Brazil — 2.1%
Brazil Letras do Tesouro Nacional^(l)
0.00%, 04/01/24	BRL	4,809		957,888
0.00%, 10/01/24		4,190		795,913
Brazil Notas do Tesouro Nacional
Series F, 10.00%, 01/01/25		12		2,378,394
Series F, 10.00%, 01/01/27		14		2,817,253
Series F, 10.00%, 01/01/31		26		4,971,603
Brazilian Government International Bond
3.75%, 09/12/31	USD	3,900		3,402,750
7.13%, 05/13/54		802		808,416

				16,132,217

Canada — 0.3%
Canadian Government Bond
5.75%, 06/01/33	CAD	170		147,883
5.00%, 06/01/37		90		77,199
4.00%, 06/01/41		280		221,815
3.50%, 12/01/45		140		104,868
2.75%, 12/01/48		210		138,883
2.00%, 12/01/51		2,650		1,477,294

				2,167,942

China — 3.3%
China Government Bond
2.29%, 12/25/24	CNY	11,880		1,642,003
2.68%, 05/21/30		12,080		1,694,214
3.02%, 05/27/31		105,780		15,183,817
2.88%, 02/25/33		15,000		2,144,090


Security	Par (000)		Value

China (continued)
China Government Bond (continued)
3.19%, 04/15/53	CNY	21,580	$	3,384,278
Series 1827, 3.25%, 11/22/28		100		14,418
Series 1904, 3.19%, 04/11/24		1,400		192,890
Series 1913, 2.94%, 10/17/24		8,500		1,178,315

				25,434,025

Colombia — 1.3%
Colombia Government International Bond
3.88%, 04/25/27	USD	200		188,100
8.00%, 04/20/33		200		211,200
8.00%, 11/14/35		200		210,000
8.75%, 11/14/53		200		216,900
Colombian TES
Series B, 7.50%, 08/26/26	COP	7,344,300		1,832,693
Series B, 5.75%, 11/03/27		10,249,600		2,363,355
Series B, 6.00%, 04/28/28		10,500,000		2,409,784
Series B, 7.00%, 03/26/31		2,161,600		480,596
Series B, 13.25%, 02/09/33		7,170,900		2,181,686

				10,094,314

Czech Republic — 0.6%
Czech Republic Government Bond
Series 105, 2.75%, 07/23/29	CZK	51,690		2,095,018
Series 149, 5.50%, 12/12/28		14,300		654,594
Series 150, 5.00%, 09/30/30		33,700		1,532,931
Series 49, 4.20%, 12/04/36^(c)		2,620		113,821

				4,396,364

Denmark — 0.0%
Denmark Government Bond
1.75%, 11/15/25	DKK	500		71,028
4.50%, 11/15/39		450		81,779

				152,807

Dominican Republic — 0.1%
Dominican Republic International Bond
6.88%, 01/29/26^(c)	USD	100		100,950
4.50%, 01/30/30^(b)		150		136,275
7.05%, 02/03/31^(b)		200		207,125
4.88%, 09/23/32^(b)		150		134,484

				578,834

Egypt — 0.4%
Egypt Government International Bond^(c)
3.88%, 02/16/26		477		438,244
4.75%, 04/16/26	EUR	416		422,154
7.63%, 05/29/32	USD	300		255,844
8.50%, 01/31/47		273		216,694
7.50%, 02/16/61		200		143,500
Egypt Treasury Bills^(l)
0.00%, 09/17/24	EGP	21,100		392,220
0.00%, 10/01/24		2,725		50,891
0.00%, 12/10/24		18,400		327,900
0.00%, 03/18/25		44,500		746,586

				2,994,033

France^(b)(c)— 0.3%
French Republic Government Bond OAT
2.50%, 05/25/30	EUR	40		42,838
1.50%, 05/25/31		190		189,836


Security	Par (000)		Value

France (continued)
French Republic Government Bond OAT (continued)
5.75%, 10/25/32	EUR	100	$	132,103
1.50%, 05/25/50		2,536		1,912,723

				2,277,500

Germany^(c)— 0.2%
Bundesrepublik Deutschland Bundesanleihe, 1.70%, 08/15/32		1,530		1,583,426
Deutsche Bundesrepublik Inflation Linked Bond, 0.10%, 04/15/46		175		182,542

				1,765,968

Greece^(b)(c)— 0.2%
Hellenic Republic Government Bond 2.00%, 04/22/27		92		97,234
1.50%, 06/18/30		1,740		1,711,930

				1,809,164

Guatemala — 0.2%
Guatemala Government Bond 4.88%, 02/13/28^(c)	USD	628		605,739
5.25%, 08/10/29^(b)		101		97,798
7.05%, 10/04/32^(b)		250		265,313
6.60%, 06/13/36^(b)		205		209,420

				1,178,270

Hungary — 0.3%
Hungary Government Bond, 6.75%, 10/22/28	HUF	262,170		718,600
Hungary Government International Bond 5.25%, 06/16/29^(b)	USD	400		396,000
4.00%, 07/25/29^(c)	EUR	885		953,512
5.38%, 09/12/33^(c)		53		60,302
Magyar Export-Import Bank, 6.00%, 05/16/29^(c)		100		113,853

				2,242,267

India — 1.7%
India Government Bond, 7.10%, 04/18/29	INR	1,067,260		12,818,573


Indonesia — 1.1%
Indonesia Government International Bond, 6.75%, 01/15/44^(c)	USD	400		469,125
Indonesia Treasury Bond Series 101, 6.88%, 04/15/29	IDR	8,099,000		516,883
Series FR56, 8.38%, 09/15/26		14,240,000		936,218
Series FR59, 7.00%, 05/15/27		38,641,000		2,469,746
Series FR72, 8.25%, 05/15/36		22,408,000		1,579,521
Series FR86, 5.50%, 04/15/26		8,162,000		505,781
Series FR98, 7.13%, 06/15/38		23,228,000		1,496,078

				7,973,352

Italy^(c)— 0.6%
Italy Buoni Poliennali Del Tesoro 2.65%, 12/01/27	EUR	3,060		3,249,451
Series 30Y, 3.85%, 09/01/49^(b)		700		726,444
Series 31Y, 4.75%, 09/01/44^(b)		232		273,338

				4,249,233

Ivory Coast — 0.1%
Ivory Coast Government International Bond 5.25%, 03/22/30^(c)		217		217,942
5.88%, 10/17/31^(c)		300		298,572


Security	Par (000)		Value

Ivory Coast (continued)
Ivory Coast Government International Bond (continued)
4.88%, 01/30/32^(c)	EUR	127	$	118,003
8.25%, 01/30/37^(b)	USD	200		200,250

				834,767

Japan — 2.0%
Japan Government Forty Year Bond, Series 1559, 1.00%, 03/20/62	JPY	800,000		4,069,494
Japan Government Thirty Year Bond, Series 64, 0.40%, 09/20/49		2,274,950		11,159,698

				15,229,192

Kenya — 0.0%
Republic of Kenya Government International Bond, 9.75%, 02/16/31^(b)	USD	202		206,545


Mexico — 3.0%
Mexican Bonos Series M, 7.50%, 06/03/27	MXN	775		4,411,957
Series M, 8.50%, 03/01/29		241		1,404,923
Series M, 8.50%, 05/31/29		179		1,041,184
Series M, 7.75%, 05/29/31		536		2,971,430
Series M, 7.50%, 05/26/33		500		2,682,091
Series M, 8.50%, 11/18/38		189		1,057,532
Series M 20, 10.00%, 12/05/24		775		4,629,010
Mexico Cetes^(l) Series BI, 0.00%, 10/03/24		2,033		1,156,331
Series BI, 0.00%, 11/28/24		4,834		2,704,504
Mexico Government International Bond 3.75%, 01/11/28	USD	200		190,188
2.66%, 05/24/31		200		166,800
6.35%, 02/09/35		200		206,625

				22,622,575

Morocco — 0.0%
Morocco Government International Bond, 6.50%, 09/08/33^(b)		105		108,421


Netherlands — 0.0%
Netherlands Government Bond, 2.75%, 01/15/47^(b)(c)	EUR	311		340,689


New Zealand — 0.0%
New Zealand Government Bond, Series 0425, 2.75%, 04/15/25^(c)	NZD	100		58,293


Nigeria^(c)— 0.1%
Nigeria Government International Bond 7.14%, 02/23/30	USD	247		224,307
7.63%, 11/28/47		400		311,125

				535,432

Oman — 0.0%
Oman Government International Bond, 6.50%, 03/08/47^(c)		200		201,625


Panama — 0.2%
Panama Government International Bond 3.16%, 01/23/30		447		371,150
7.50%, 03/01/31		200		207,125
6.40%, 02/14/35		460		433,780
8.00%, 03/01/38		200		209,200

				1,221,255


	Par (000)		Value

Peru — 0.5%
Peruvian Government International Bond 6.35%, 08/12/28^(c)	PEN	3,400	$	936,282
5.94%, 02/12/29^(c)		3,153		841,943
2.78%, 01/23/31	USD	150		128,859
6.95%, 08/12/31^(c)	PEN	7,026		1,897,252
1.86%, 12/01/32	USD	258		196,967

				4,001,303

Poland — 0.6%
Bank Gospodarstwa Krajowego, 6.25%, 10/31/28^(b)		200		208,760
Republic of Poland Government Bond Series 1033, 6.00%, 10/25/33	PLN	1,440		374,462
Series 1059, 2.75%, 10/25/29		16,832		3,706,723
Republic of Poland Government International Bond, 5.50%, 04/04/53	USD	100		99,971

				4,389,916

Romania — 0.1%
Romanian Government International Bond 5.25%, 11/25/27^(b)		16		15,775
2.13%, 03/07/28^(c)	EUR	206		204,325
2.88%, 03/11/29^(c)		200		198,980
2.50%, 02/08/30^(c)		100		95,411
2.12%, 07/16/31^(c)		40		35,278

				549,769

Russia — 0.0%
Russian Federal Bond - OFZ, Series 6233, 6.10%, 07/18/35^(f)(k)	RUB	27,309		133,042

Saudi Arabia^(c)— 0.1%
Saudi Government International Bond 4.50%, 04/17/30	USD	200		196,062
3.45%, 02/02/61		303		201,874

				397,936

South Africa — 0.7%
Republic of South Africa Government Bond Series 2040, 9.00%, 01/31/40	ZAR	24,680		958,971
Series R186, 10.50%, 12/21/26		52,188		2,826,905
Series R213, 7.00%, 02/28/31		28,830		1,223,945
Republic of South Africa Government International Bond, 5.00%, 10/12/46	USD	400		268,600

				5,278,421

Spain^(b)(c)— 2.1%
Spain Government Bond 1.25%, 10/31/30	EUR	431		419,746
2.55%, 10/31/32		8,147		8,482,377
3.15%, 04/30/33		711		772,199
3.55%, 10/31/33		4,000		4,470,832
3.90%, 07/30/39		462		522,208
2.90%, 10/31/46		866		832,288
3.45%, 07/30/66		688		690,098

				16,189,748

Sweden^(c)— 0.0%
Sweden Government Bond Series 1053, 3.50%, 03/30/39	SEK	250		26,123
Series 1059, 1.00%, 11/12/26		960		85,932

				112,055

Ukraine — 0.1%
Ukraine Government International Bond 7.75%, 09/01/28^(c)(f)(k)	USD	219		72,708


Security	Par (000)		Value

Ukraine (continued)
Ukraine Government International Bond (continued)
7.75%, 09/01/29^(c)(f)(k)	USD	319	$	105,270
6.88%, 05/21/31^(c)(f)(k)		200		58,300
4.38%, 01/27/32^(c)(f)(k)	EUR	232		66,703
7.25%, 03/15/35^(c)(f)(k)	USD	459		133,340
7.25%, 03/15/35^(b)(f)(k)		216		62,748
7.75%, 08/01/41^(a)(c)		435		240,337

				739,406

United Kingdom^(c)— 0.7%
United Kingdom Gilt 1.75%, 09/07/37	GBP	60		57,312
4.75%, 12/07/38		30		40,160
3.25%, 01/22/44		165		177,100
3.50%, 01/22/45		700		776,016
1.50%, 07/22/47		1,040		762,295
3.75%, 07/22/52		1,000		1,130,844
3.75%, 10/22/53		804		905,056
0.50%, 10/22/61		4,373		1,711,591

				5,560,374

Uruguay — 0.0%
Uruguay Government International Bond, 5.75%, 10/28/34	USD	73		76,610


Total Foreign Agency Obligations — 23.3% (Cost: $189,716,667)				178,032,410


	Shares

Investment Companies

United States — 1.3%
iShares 0-5 Year TIPS Bond ETF ^(p)		7,050		700,982
iShares Bitcoin Trust ^(p)		12,000		485,640
iShares iBoxx $ Investment Grade Corporate Bond ETF ^(p)		38,866		4,233,285
iShares JP Morgan USD Emerging Markets Bond ETF ^(n)(p)		17,814		1,597,381
iShares Latin America 40 ETF ^(p)		9,782		278,200
iShares MSCI Brazil ETF ^(p)		9,033		292,850
iShares MSCI Emerging Markets ETF ^(p)		13,148		540,120
iShares Russell 2000 ETF ^(p)		476		100,103
iShares Russell Mid-Cap Growth ETF ^(p)		2,067		235,927
VanEck J. P. Morgan EM Local Currency Bond ETF		43,378		1,063,195
VanEck Semiconductor ETF ^(f)		1,256		282,587


Total Investment Companies — 1.3% (Cost: $9,531,992)				9,810,270


Security	Par (000)		Value

Municipal Bonds

California — 0.2%
California Pollution Control Financing Authority, RB, AMT, 5.00%, 11/21/45^(b)	USD	180	$	179,081
University of California, Refunding RB, Series BE, 4.00%, 05/15/50		1,000		1,000,105


				1,179,186

Georgia — 0.1%
State of Georgia, GO Series A, 4.00%, 07/01/40		145		149,220
Series A, 4.00%, 07/01/41		145		148,645


				297,865

Louisiana — 0.0%
Louisiana Public Facilities Authority, Refunding RB, Series A, 3.00%, 05/15/47		155		115,628


Massachusetts — 0.1%
Commonwealth of Massachusetts, GO, Series C, 5.00%, 05/01/49		1,000		1,052,669


New Jersey — 0.0%
New Jersey Health Care Facilities Financing Authority, RB, 3.00%, 07/01/51		95		70,631


North Carolina — 0.0%
City of Charlotte North Carolina Airport Revenue, Refunding ARB, Series A, 3.00%, 07/01/46		230		189,308


Puerto Rico^(a)— 0.2%
Commonwealth of Puerto Rico, GO 0.00%, 11/01/51		1,768		836,003
Series A-1, 0.00%, 11/01/43		156		89,682
Commonwealth of Puerto Rico, RB, 0.00%, 11/01/51		754		304,394


				1,230,079

Texas — 0.2%
Eagle Mountain & Saginaw Independent School District, GO, (PSF), 4.00%, 08/15/52		295		282,156
Katy Independent School District, GO, (PSF), 4.00%, 02/15/47		1,410		1,379,506
Lyford Consolidated Independent School District, GO, (PSF), 4.00%, 08/15/47		155		149,353


				1,811,015


Total Municipal Bonds — 0.8% (Cost: $5,967,478)			5,946,381


Non-Agency Mortgage-Backed Securities

Ireland^(a)(c)— 0.1%
Agora Securities U.K. DAC, Series 2021-1X, Class A, (3-mo. LIBOR GBP + 1.20%), 6.42%, 07/22/31	GBP	300		374,047
Last Mile Securities PE, Series 2021-1X, Class A1, (3-mo. EURIBOR + 0.90%), 4.82%, 08/17/31	EUR	300		320,001


				694,048

Netherlands — 0.0%
Domi BV, Series 2021-1, Class A, (3-mo. EURIBOR + 0.63%), 4.57%, 06/15/53^(a)(c)		117		126,250


United Kingdom^(a)(c)— 0.2%
Canada Square Funding PLC, Series 2021-2, Class B, (3-mo. LIBOR GBP + 1.20%), 6.42%, 06/17/58	GBP	112		140,753


Security	Par (000)		Value

United Kingdom (continued)
Finsbury Square, Series 2021-1GRX, Class A, (3-mo. LIBOR GBP + 0.65%), 5.87%, 12/16/67	GBP	95	$	119,802
London Wall Mortgage Capital PLC, Series 2021-FL1, Class A, (3-mo. LIBOR GBP + 0.75%), 5.97%, 05/15/51		95		119,009
Mortimer BTL PLC, Series 2021-1, Class B, (3-mo. LIBOR GBP + 1.10%), 6.32%, 06/23/53		100		125,634
Precise Mortgage Funding, Series 2024-1, Class A, 6.18%, 07/16/60		225		284,921
Together Asset Backed Securitisation PLC, Series 2023-1, Class A, (3-mo. LIBOR GBP + 1.23%), 6.43%, 04/20/65		303		385,013


				1,175,132

United States — 7.9%
245 Park Avenue Trust, Series 2017-245P, Class E, 3.66%, 06/05/37^(a)(b)	USD	250		204,573
280 Park Avenue Mortgage Trust, Series 2017-280P, Class E, (1-mo. Term SOFR + 2.42%), 7.74%, 09/15/34^(a)(b)		635		583,006
Arbor Multifamily Mortgage Securities Trust^(b) Series 2020-MF1, Class E, 1.75%, 05/15/53		1,326		861,612
Series 2020-MF1, Class XA, 0.95%, 05/15/53^(a)		14,749		645,279
Atrium Hotel Portfolio Trust, Series 2017-ATRM, Class D, (1-mo. Term SOFR + 2.25%), 7.57%, 12/15/36^(a)(b)		200		183,616
BAMLL Commercial Mortgage Securities Trust, Series 2017-SCH, Class DL, (1-mo. Term SOFR + 2.05%), 7.37%, 11/15/32^(a)(b)		150		148,668
Bank, Series 2021-BN35, Class A5, 2.29%, 06/15/64		27		22,436
BBCMS Mortgage Trust, Series 2017-C1, Class AS, 3.90%, 02/15/50		1,200		1,134,395
Benchmark Mortgage Trust, Series 2020-B21, Class XA, 1.44%, 12/17/53^(a)		5,004		338,624
BHMS^(a)(b)
Series 2018-ATLS, Class A, (1-mo. Term SOFR + 1.55%), 6.87%, 07/15/35		170		169,778
Series 2018-ATLS, Class B, (1-mo. Term SOFR + 1.80%), 7.12%, 07/15/35		1,145		1,127,819
BHP Trust, Series 2019-BXHP, Class C, (1-mo. Term SOFR + 1.57%), 6.90%, 08/15/36^(a)(b)		1,120		1,115,355
BWAY Mortgage Trust, Series 2013-1515, Class A1, 2.81%, 03/10/33^(b)		155		151,737
BX Commercial Mortgage Trust^(a)(b)
Series 2019-XL, Class J, (1-mo. Term SOFR + 2.76%), 8.09%, 10/15/36		281		277,028
Series 2021-MFM1, Class G, (1-mo. Term SOFR + 4.01%), 9.34%, 01/15/34		582		565,638
Series 2022-CSMO, Class B, (1-mo. Term SOFR + 3.14%), 8.47%, 06/15/27		1,429		1,433,019
Series 2023-XL3, Class A, (1-mo. Term SOFR + 1.76%), 7.09%, 12/09/40		3,000		3,018,647
Series 2023-XL3, Class D, (1-mo. Term SOFR + 3.59%), 8.91%, 12/09/40		760		765,690
Series 2024-MF, Class E, (1-mo. Term SOFR + 3.74%), 9.06%, 02/15/39		750		751,369
Series 2024-XL4, Class D, (1-mo. Term SOFR + 3.14%), 8.46%, 02/15/39		750		750,000
BX Trust^(a)(b)
Series 2021, Class F, (1-mo. Term SOFR + 4.04%), 9.37%, 06/15/36		790		699,150


Security	Par (000)		Value

United States (continued)
BX Trust^(a)(b)(continued)
Series 2021-ARIA, Class C, (1-mo. Term SOFR + 1.76%), 7.09%, 10/15/36	USD	750	$	739,720
Series 2021-LBA, Class GJV, (1-mo. Term SOFR + 3.11%), 8.44%, 02/15/36		134		127,277
Series 2021-LBA, Class GV, (1-mo. Term SOFR + 3.11%), 8.44%, 02/15/36		712		683,531
Series 2021-MFM1, Class F, (1-mo. Term SOFR + 3.11%), 8.44%, 01/15/34		299		294,270
Series 2023, Class A, (1-mo. Term SOFR + 2.69%), 8.02%, 05/15/38		1,385		1,402,313
Series 2024-CNYN, Class E, (1-mo. Term SOFR + 3.69%), 8.99%, 04/15/29^(d)		750		749,531
Series 2024-PAT, Class C, (1-mo. Term SOFR + 4.44%), 9.69%, 03/15/26		1,100		1,095,798
Series 2024-PAT, Class D, (1-mo. Term SOFR + 5.39%), 10.64%, 03/15/26		350		348,218
BXP Trust^(a)(b) Series 2017-CC, Class D, 3.55%, 08/13/37		110		89,455
Series 2017-CC, Class E, 3.55%, 08/13/37		220		170,095
CENT Trust, Series 2023, Class A, (1-mo. Term SOFR + 2.62%), 7.95%, 09/15/38^(a)(b)		1,495		1,509,735
CFCRE Commercial Mortgage Trust, Series 2016-C4, Class AM, 3.69%, 05/10/58		1,700		1,610,383
Citigroup Commercial Mortgage Trust
Series 2016-C2, Class B, 3.18%, 08/10/49		750		664,484
Series 2020-420K, Class D, 3.31%, 11/10/42^(a)(b)		360		298,533
Series 2020-420K, Class X, 0.80%, 11/10/42^(a)(b)		20,000		882,142
Cold Storage Trust, Series 2020-ICE5, Class F, (1-mo. Term SOFR + 3.61%), 8.92%, 11/15/37^(a)(b)		983		979,146
Commercial Mortgage Trust^(a) Series 2016-DC2, Class B, 4.66%, 02/10/49		100		94,916
Series 2016-DC2, Class C, 4.66%, 02/10/49		100		91,990
Series 2019-GC44, Class 180B, 3.40%, 08/15/57^(b)		1,000		933,356
Credit Suisse Mortgage Capital Certificates Trust^(a)(b)
Series 2019-ICE4, Class C, (1-mo. Term SOFR + 1.48%), 6.80%, 05/15/36		100		99,658
Series 2019-ICE4, Class E, (1-mo. Term SOFR + 2.20%), 7.52%, 05/15/36		698		697,726
CSAIL Commercial Mortgage Trust, Series 2018-CX12, Class C, 4.72%, 08/15/51^(a)		750		659,597
CSMC, Series 2020-NET, Class B, 2.82%, 08/15/37^(b)		780		724,231
CSMC BHAR, Series 2021-BHAR, Class A, (1-mo. Term SOFR + 1.26%), 6.59%, 11/15/38^(a)(b)		1,850		1,843,062
DBGS Mortgage Trust, Series 2018-BIOD, Class D, (1-mo. Term SOFR + 1.60%), 6.92%, 05/15/35^(a)(b)		91		90,520
DBUBS Mortgage Trust, Series 2017-BRBK, Class E, 3.53%, 10/10/34^(a)(b)		300		242,074
DC Trust, Series 2024-HLTN, Class F, 10.31%, 04/13/28^(a)(b)(d)		750		749,927
DK Trust, Series 2024-SPBX, Class E, (1-mo. Term SOFR + 4.00%), 9.35%, 03/15/34^(a)(b)		1,100		1,099,983
Extended Stay America Trust, Series 2021-ESH, Class F, (1-mo. Term SOFR + 3.81%), 9.14%, 07/15/38^(a)(b)		1,124		1,123,129
GCT Commercial Mortgage Trust, Series 2021-GCT D, Class D, (1-mo. Term SOFR + 2.46%), 7.79%, 02/15/38^(a)(b)		340		63,171
Great Wolf Trust, Series 2024-WOLF, Class A, (1-mo. Term SOFR + 1.54%), 6.84%, 03/15/39^(a)(b)		1,100		1,101,719
GS Mortgage Securities Corp II, Series 2023, Class C, 5.51%, 09/10/38^(a)(b)		1,370		1,341,421


Security	Par (000)		Value

United States (continued)
GS Mortgage Securities Corp Trust, Series 2023, Class B, (1-mo. Term SOFR + 2.79%), 8.12%, 03/15/28^(a)(b)	USD	1,500	$	1,504,219
GS Mortgage Securities Corp. Trust, Series 2021-ROSS, Class A, (1-mo. Term SOFR + 1.26%), 6.59%, 05/15/26^(a)(b)		100		93,037
GS Mortgage Securities Trust^(a) Series 2015-GC34, Class B, 4.47%, 10/10/48		1,100		947,480
Series 2020-GSA2, Class XA, 1.71%, 12/12/53^(b)		3,590		291,251
Independence Plaza Trust, Series 2018-INDP, Class B, 3.91%, 07/10/35^(b)		1,000		948,469
JP Morgan Chase Commercial Mortgage Securities Trust^(b) Series 2016-NINE, Class B, 2.85%, 09/06/38^(a)		450		412,404
Series 2018-AON, Class A, 4.13%, 07/05/31		600		555,100
Series 2021-MHC, Class E, (1-mo. Term SOFR + 2.56%), 7.89%, 04/15/38^(a)		800		791,630
Series 2022, Class B, (1-mo. Term SOFR + 3.37%), 8.70%, 12/15/36^(a)		1,046		1,047,888
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.69%, 03/15/50		1,200		1,122,005
KSL Commercial Mortgage Trust, Series 2023-HT, Class D, (1-mo. Term SOFR + 4.29%), 9.61%, 12/15/36^(a)(b)		750		753,749
MAD Mortgage Trust^(a)(b) Series 2017-330M, Class D, 3.84%, 08/15/34		110		83,617
Series 2017-330M, Class E, 3.90%, 08/15/34		130		93,828
MCM Trust^(e) 3.00%, 08/25/28		641		420,563
2.50%, 01/01/59^(a)(b)		818		785,258
MCR Mortgage Trust, Series 2024-HTL, Class E, (1-mo. Term SOFR + 4.65%), 9.98%, 02/15/37^(a)(b)		750		751,319
MED Trust^(a)(b)
Series 2021, Class A, (1-mo. Term SOFR + 1.06%), 6.39%, 11/15/38		1,493		1,489,103
Series 2021-MDLN, Class G, (1-mo. Term SOFR + 5.36%), 10.69%, 11/15/38		636		634,756
Series 2023, Class E, (1-mo. Term SOFR + 3.26%), 8.59%, 11/15/38		398		396,348
MHP Trust, Series 2021-STOR, Class G, (1-mo. Term SOFR + 2.86%), 8.19%, 07/15/38^(a)(b)		760		749,550
Morgan Stanley Capital I Trust, Series 2018-MP, Class A, 4.28%, 07/11/40^(a)(b)		1,000		885,734
Natixis Commercial Mortgage Securities Trust, Series 2018-SOX, Class E, 4.77%, 06/17/38^(a)(b)		382		346,465
Olympic Tower Mortgage Trust^(a)(b) Series 2017-OT, Class D, 3.95%, 05/10/39		130		87,507
Series 2017-OT, Class E, 3.95%, 05/10/39		160		101,653
One Market Plaza Trust, Series 2017-1MKT, Class D, 4.15%, 02/10/32^(b)		850		742,146
One New York Plaza Trust, Series 2020-1NYP, Class D, (1-mo. Term SOFR + 2.86%), 8.19%, 01/15/36^(a)(b)		270		220,445
Open Trust, Series 2023, Class A, (1-mo. Term SOFR + 3.09%), 8.41%, 10/15/28^(a)(b)		899		908,445
TPGI Trust, Series 2021-DGWD, Class E, (1-mo. Term SOFR + 2.46%), 7.79%, 06/15/26^(a)(b)		800		798,002
TVC DSCR^(e) Series 21-1, 0.00%, 02/01/51		314		272,478
Series 21-1, Class A, 2.39%, 02/01/51^(b)		1,257		1,147,794
UBS Commercial Mortgage Trust, Series 2017-C4, Class AS, 3.84%, 10/15/50^(a)		1,700		1,563,965


Security	Par (000)		Value

United States (continued)
Velocity Commercial Capital Loan Trust, Series 2020-1, Class M3, 3.19%, 02/25/50^(a)(b)	USD	62	$	51,395
Wells Fargo Commercial Mortgage Trust^(a) Series 2016-NXS5, Class B, 4.94%, 01/15/59		1,400		1,314,464
Series 2019-C50, Class XA, 1.41%, 05/15/52		12,470		637,587
Series 2021-C59, Class XA, 1.52%, 04/15/54		989		73,237


				60,571,441


Total Non-Agency Mortgage-Backed Securities — 8.2% (Cost: $64,953,385)			62,566,871


Preferred Securities

Capital Trusts — 1.0%^(a)

France^(c)(j)— 0.1%
BNP Paribas SA, 7.38%	EUR	200		230,604
Electricite de France SA 6.00%	GBP	200		245,614
3.38%	EUR	400		376,476


				852,694

Germany^(c)— 0.1%
Bayer AG 4.50%, 03/25/82		100		100,872
7.00%, 09/25/83		100		108,463
5.38%, 03/25/82		200		200,127
Commerzbank AG, 6.50%^(j)		200		209,297
Volkswagen International Finance NV, 3.88%^(j)		300		299,427


				918,186


Ireland — 0.0%
AIB Group PLC, 5.25%^(c)(j)		200		214,147


Italy — 0.0%
Intesa Sanpaolo SpA, 5.88%^(c)(j)		200		214,691


Mexico — 0.1%
Banco Mercantil del Norte SA, 5.88%^(b)(j)	USD	400		380,500


Netherlands^(j)— 0.1%
Cooperatieve Rabobank UA, 4.38%^(c)	EUR	200		206,067
ING Groep NV, 5.75%	USD	200		190,409
Koninklijke KPN NV, 2.00%^(c)	EUR	100		105,593


				502,069


Norway — 0.0%
Var Energi ASA, 7.86%, 11/15/83^(c)		150		173,970


South Korea — 0.1%
Shinhan Financial Group Co. Ltd., 2.88%^(c)(j)	USD	414		384,000


Spain^(c)(j)— 0.2%
Abertis Infraestructuras Finance BV, 3.25%	EUR	200		208,755
Banco Bilbao Vizcaya Argentaria SA, 6.00%		200		215,287
CaixaBank SA, 5.88%		200		211,994
Naturgy Finance BV, 3.38%		100		107,615
Repsol International Finance BV, 4.25%		100		105,997
Telefonica Europe BV 6.14%		300		335,420
6.75%		100		116,785
5.75%		200		218,273
3.88%		200		211,337


				1,731,463


Security	Par (000)		Value

Switzerland — 0.0%
UBS Group AG, 5.13%^(c)(j)	USD	200	$	190,000


United Kingdom — 0.1%
Barclays PLC, 7.13%^(j)	GBP	200		248,139
BP Capital Markets PLC, 3.25%^(c)(j)	EUR	100		104,953
British Telecommunications PLC, 8.38%, 12/20/83^(c)	GBP	100		134,560
Lloyds Banking Group PLC, 4.95%^(c)(j)	EUR	200		211,931
Nationwide Building Society, 5.88%^(c)(j)	GBP	200		249,865
Vodafone Group PLC, 2.63%, 08/27/80^(c)	EUR	149		154,118


				1,103,566


United States — 0.2%
Citigroup, Inc., Series Y, 4.15%^(j)	USD	36		33,161
JPMorgan Chase & Co., Series KK, 3.65%^(j)		36		34,191
Liberty Mutual Group, Inc., 3.63%, 05/23/59^(c)	EUR	100		107,399
Southern Co., 1.88%, 09/15/81		1,000		942,936


				1,117,687


				7,782,973

	Shares

Preferred Stocks — 0.4%^(f)

United States — 0.4%
Cap Hill Brands^(e)		265,896		63,815
Dream Finders Homes, Inc., 9.00%^(e)		1,320		1,268,850
Insight M, Inc., Series D^(e)		270,943		92,879
Lessen Holdings, Inc., Preference Shares^(e)		10,022		62,738
MNTN Digital, Inc., Series D, (Acquired 11/05/21, Cost: $138,642)^(e)(g)		6,037		81,318
NYCB Pipe, Series C, (Acquired 03/07/24, Cost: $246,000), 13.00%^(g)		123		246,000
Verge Genomics, Inc.^(e)(g)
Series B, (Acquired 11/05/21, Cost: $165,930)		31,150		201,541
Series C, (Acquired 09/06/23, Cost: $26,514)		3,687		26,546
Versa Networks, Inc., Series E, (Acquired 10/14/22, Cost: $491,084), 10/07/32^(e)(g)(i)		168,283		602,453


				2,646,140


Total Preferred Securities — 1.4% (Cost: $10,610,129)			10,429,113


	Par (000)

U.S. Government Sponsored Agency Securities

Commercial Mortgage-Backed Securities^(a)— 0.1%
Freddie Mac Multifamily Structured Pass Through Certificates
Series K121, Class X1, 1.02%, 10/25/30	USD	4,032		206,171
Series KW09, Class X1, 0.80%, 05/25/29		14,563		440,961
FREMF Mortgage Trust, Series 2020-K104, Class B, 3.54%, 02/25/52^(b)		750		680,196


				1,327,328

Mortgage-Backed Securities — 14.8%
Fannie Mae Mortgage-Backed Securities 6.50%, 11/01/38		4		4,393


Security	Par (000)			Value

Mortgage-Backed Securities (continued)
Fannie Mae Mortgage-Backed Securities (continued)
6.00%, 07/01/39	USD	23		$	23,251
4.00%, 01/01/41		1			1,109
3.00%, 02/01/44		36			31,522
Freddie Mac Mortgage-Backed Securities
2.50%, 01/01/29 - 04/01/31		61			57,480
3.50%, 04/01/31 - 01/01/48		150			141,478
3.00%, 10/01/32 - 12/01/46		142			128,137
5.00%, 05/01/38 - 11/01/48		47			47,511
5.50%, 01/01/39		15			15,630
4.00%, 08/01/40 - 12/01/45		12			11,089
4.50%, 09/01/40 - 08/01/48		130			127,285
Ginnie Mae Mortgage-Backed Securities^(q)
4.00%, 10/20/40 - 04/18/54		1,562			1,468,215
3.50%, 01/15/42 - 04/18/54		2,260			2,063,655
5.00%, 10/20/44 - 04/18/54		1,314			1,291,740
3.00%, 02/15/45 - 04/18/54		2,996			2,643,128
4.50%, 03/15/47 - 04/18/54		1,322			1,272,384
2.00%, 08/20/50 - 04/18/54		4,081			3,344,453
2.50%, 04/20/51 - 04/18/54		4,172			3,553,565
5.50%, 04/18/54		1,140			1,138,929
6.00%, 04/18/54		876			883,656
6.50%, 04/18/54		722			734,038
Uniform Mortgage-Backed Securities^(q)
2.50%, 09/01/27 - 04/11/54		14,190	^(r)		11,942,229
3.00%, 07/01/29 - 04/11/54		7,851			6,865,836
3.50%, 07/01/29 - 04/11/54		36,468	^(r)		32,681,683
2.00%, 10/01/31 - 04/11/54^(s)		20,715	^(r)		16,829,997
4.00%, 09/01/33 - 04/11/54		4,458			4,173,993
5.00%, 09/01/35 - 04/11/54		2,707			2,651,586
5.50%, 12/01/38 - 04/11/54		2,660			2,651,050
1.50%, 04/16/39 - 04/11/54		4,640			3,738,948
4.50%, 04/16/39 - 04/11/54		7,097			6,786,050
6.00%, 10/01/53 - 04/11/54^(s)		2,129			2,152,453
6.50%, 10/01/53 - 05/15/54		3,213			3,283,691

					112,740,164


Total U.S. Government Sponsored Agency Securities — 14.9% (Cost: $118,096,520)					114,067,492


U.S. Treasury Obligations
U.S. Treasury Inflation-Indexed Notes
0.13%, 04/15/25^(t)		4,178			4,074,806
0.38%, 01/15/27		1,915			1,826,356


Total U.S. Treasury Obligations — 0.8% (Cost: $6,099,440)					5,901,162


	Shares

Warrants

United States — 0.0%
Cano Health, Inc., (Issued 07/06/20, Exercisable 07/06/21, 0.01 Shares for 1 Warrant, Expires 06/03/26, Strike Price USD 1,150.00)^(f)		9,002			1



Security	Shares		Value

United States (continued)
Latch, Inc., (Issued/Exercisable 12/29/20, 1 Share for 1 Warrant, Expires 06/04/26, Strike Price USD 11.50)^(f)		12,334	$	125
New York Community Bancorp, Inc. Series C, PIPE, Series D, (Acquired , Cost: $0), (Issued/Exercisable 03/11/24, 1,000 Shares for 1 Warrant, Expires 03/11/31, Strike Price USD 2.50^(g)		74		—
Offerpad Solutions, Inc., (Issued/Exercisable 10/13/20, 1 Share for 1 Warrant, Expires 09/01/26, Strike Price USD 11.50)^(f)		8,529		27
Palladyne AI Corp., Class A, (Issued/Exercisable 12/21/20, 1 Share for 1 Warrant, Expires 09/24/26, Strike Price USD 11.50)^(f)		28,519		1,454
Sonder Holdings, Inc., (Issued 11/19/20, Exercisable 01/19/21, 1 Share for 1 Warrant, Expires 11/19/26, Strike Price USD 12.50)^(e)(f)		10,965		—
Versa Networks, Inc., (Acquired 10/14/22, Cost: $0), (Exercisable 10/14/22, 1 Share for 1 Warrant, Expires 10/07/32, Strike Price USD 0.01)^(e)(f)(g)		20,741		63,053
Volato Group, Inc., (Acquired 12/03/23, Cost: $6,834), (Expires 12/03/28, Strike Price USD 11.50)^(e)(f)(g)		6,834		752

				65,412

Venezuela — 0.0%
Venezuela Government International Bond ^(f)		3,000		15,000


Total Warrants — 0.0% (Cost: $129,506)				80,412


Total Long-Term Investments — 95.3% (Cost: $739,820,116)				727,041,723


	Par (000)

Short-Term Securities

Certificates of Deposit — 1.1%

United States — 1.1%
Bank of America, 5.22%, 02/06/25	USD	1,100		1,098,251
Bank of Nova Scotia/Houston, 6.00%, 10/18/24		910		912,290
Citibank NA, 5.89%, 05/10/24		1,135		1,135,358
Natixis SA, 5.99%, 10/17/24		2,000		2,004,874
Toronto-Dominion Bank/New York
5.93%, 08/15/24		1,500		1,501,682
6.00%, 09/09/24		1,490		1,492,608

				8,145,063

Commercial Paper — 3.1%

Australia^(u)— 0.4%
Macquarie Bank Ltd., 5.91%, 05/13/24^(b)		745		739,858
Macquarie Bank Ltd., 6.01%, 08/20/24		1,120		1,095,677
Westpac Banking Corp., 5.83%, 06/06/24		1,120		1,108,493

				2,944,028

France — 0.1%
BPCE SA, 5.85%, 04/05/24^(u)		1,000		998,820


Norway — 0.1%
DNB Bank ASA, 5.90%, 06/13/24^(u)		1,120		1,107,315


Security	Par (000)		Value

United Kingdom — 0.2%
NatWest Markets PLC, 5.91%, 05/20/24^(u)	USD	1,120	$	1,111,215


United States^(u)— 2.3%
Bayer Corp., 5.69%, 07/09/24		1,100		1,082,111
Bayer Corp.^(b)
Series 2020, 6.27%, 08/12/24		1,000		978,436
Series 2020, 6.29%, 09/10/24		1,120		1,090,824
Harley-Davidson Financial Services, Inc., 6.08%, 06/14/24		1,000		987,273
HSBC USA, Inc.^(b)
6.49%, 08/12/24		450		440,665
6.46%, 09/09/24		1,120		1,091,741
6.52%, 10/11/24		1,572		1,524,403
6.29%, 11/27/24		750		721,805
5.88%, 02/12/25		735		698,519
HSBC USA, Inc., 6.46%, 08/22/24		1,500		1,466,570
ING U.S. Funding LLC, 5.40%, 09/10/24^(b)		1,575		1,536,543
Landesbank Baden-Wuerttemberg/ New York, 5.42%, 05/24/24		1,550		1,536,870
LVMH Moet Hennessy Louis Vuitton, Inc., 5.21%, 02/05/25		1,100		1,052,036
Walgreens Boots Alliance, Inc., 6.44%, 04/01/24		1,505		1,503,964
Walt Disney Co., 5.48%, 06/13/24		1,550		1,531,714


				17,243,474


				23,404,852

Foreign Agency Obligations — 0.3%
Brazil Letras do Tesouro Nacional^(u)
0.00%, 04/01/24	BRL	2,040		406,340
10.99%, 04/01/24		9,762		1,944,459


				2,350,799


	Shares

Money Market Funds — 1.0%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%^(p)(v)		7,453,576		7,453,576


	Par (000)

U.S. Treasury Obligations — 3.6%
U.S. Treasury Bills, 5.37%, 06/06/24^(u)	USD	23,000		22,779,996
U.S. Treasury Floating Rate Notes, (3-mo. U.S.Treasury Money Market Yield + 0.25%), 5.55%, 01/31/26^(t)		3,640		3,643,786
U.S. Treasury Inflation-Indexed Notes, 0.50%, 04/15/24		1,412		1,412,478


				27,836,260


Total Short-Term Securities — 9.1% (Cost: $69,124,378)				69,190,550


Options Purchased — 0.2% (Cost: $2,615,907)				1,996,842


Total Investments Before TBA Sale Commitments and Options Written — 104.6% (Cost: $811,560,401)				798,229,115


Security	Par (000)			Value

TBA Sale Commitments^(q)

United States — (0.2)%
Uniform Mortgage-Backed Securities
2.50%, 04/16/39	USD	(2	)	$	(1,820	)
3.00%, 04/16/39		(3	)		(2,792	)
3.50%, 04/16/39		(5	)		(4,752	)
6.50%, 04/11/54		(1,284	)		(1,311,508	)


Total TBA Sale Commitments — (0.2)% (Proceeds: $(1,320,395))					(1,320,872	)


Options Written — (0.2)% (Premiums Received: $(2,303,104))					(2,055,067	)


Total Investments, Net of TBA Sale Commitments and Options Written — 104.2% (Cost: $807,936,902)					794,853,176

Liabilities in Excess of Other Assets — (4.2)%					(31,837,146	)


Net Assets — 100.0%				$	763,016,030

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

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

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

^(d)	When-issued security.

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

^(f)	Non-income producing security.

^(g)	Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $2,300,262, representing 0.3% of its net assets as of period end, and an original cost of $2,082,430.

^(h)	Convertible security.

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

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

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

^(l)	Zero-coupon bond.

^(m)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

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

^(o)	Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

^(p)	Affiliate of the Fund.

^(q)	Represents or includes a TBA transaction.

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

^(s)	All or a portion of the security has been pledged as collateral in connection with outstanding TBA commitments.

^(t)	All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.

^(u)	Rates are discount rates or a range of discount rates as of period end.

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

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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

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

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

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

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Valuation Committee (the “Valuation Committee”) to determine the value of certain of the Fund’s Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third-party pricing information in the amount of $3,409,074. A significant change in third party information could result in a significantly lower or higher value of such Level 3 financial instruments.

Currency Abbreviation (continued)


EGP				Egyptian Pound

EUR				Euro

GBP				British Pound

HKD				Hong Kong Dollar

HUF				Hungarian Forint

IDR				Indonesian Rupiah

INR				Indian Rupee

JPY				Japanese Yen

KRW				South Korean Won

MXN				Mexican Peso

MYR				Malaysian Ringgit

NOK				Norwegian Krone

NZD				New Zealand Dollar

PEN				Peru Nuevo Sol

PLN				Polish Zloty

RON				Romanian Leu

RUB				New Russian Ruble

SEK				Swedish Krona

SGD				Singapore Dollar

THB				Thai Baht

TRY				Turkish Lira

TWD				New Taiwan Dollar

USD				United States Dollar

ZAR				South African Rand

Portfolio Abbreviation


ADR				American Depositary Receipt

AMT				Alternative Minimum Tax

ARB				Airport Revenue Bonds

BBSW				Bank Bill Swap Rate

BZDIOVER				Overnight Brazil Interbank Deposit (CETIP)

CLO				Collateralized Loan Obligation

CMT				Constant Maturity Treasury

CPI				Consumer Price Index

CR				Custodian Receipt

DAC				Designated Activity Company

ESTR				Euro Short Term Rate

ETF				Exchange-Traded Fund

EURIBOR				Euro Interbank Offered Rate

FREMF				Freddie Mac Multifamily Securities

GMTN				Global Medium-Term Note

GO				General Obligation Bonds

Portfolio Abbreviation (continued)


GOL				General Obligation Ltd.

JIBAR				Johannesburg Interbank Average Rate

LIBOR				London Interbank Offered Rate

MSCI				Morgan Stanley Capital International

MXIBTIIE				Mexico Interbank TIIE 28-Day

PCL				Public Company Limited

PIK				Payment-in-Kind

PIPE				Private Investment in Public Equity

PRIBOR				Prague Interbank Offer Rate

PSF				Permanent School Fund

RB				Revenue Bond

S&P				Standard & Poor’s

SAB				Special Assessment Bonds

SCA				Societe en Commandite par Actions

SOFR				Secured Overnight Financing Rate

SONIA				Sterling Overnight Interbank Average Rate

SPDR				Standard & Poor’s Depository Receipt

TBA				To-Be-Announced

WIBOR				Warsaw Interbank Offered Rate


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Euro BOBL		114		06/06/24	$	14,543	$	20,475
Euro BTP		125		06/06/24		16,049		163,323
Euro OAT		140		06/06/24		19,359		180,899
Euro-Schatz		180		06/06/24		20,526		14,385
10-Year Japanese Government Treasury Bonds		15		06/13/24		14,455		27,908
10-Year Australian Treasury Bonds		93		06/17/24		7,065		54,634
3-Year Australian Treasury Bonds		84		06/17/24		5,852		16,292
3-Year Korean Bond		11		06/18/24		857		(1,512	)
U.S. Long Bond		79		06/18/24		9,515		194,492
10-Year Canadian Bond		160		06/19/24		14,215		82,241
MSCI Emerging Markets Index		3		06/21/24		157		(967	)
NASDAQ 100 E-Mini Index		16		06/21/24		5,912		82,541
Long Gilt		89		06/26/24		11,226		178,464
3-Month Euro EURIBOR		35		09/16/24		9,127		(1,638	)
3-Month SONIA Index		91		03/18/25		27,452		3,737
90-Day AUD Bank Bill		43		12/11/25		27,776		6,104
3-Month SONIA Index		30		12/16/25		9,107		(5,009	)

								1,016,369

Short Contracts
30-Year Euro Buxl Bond		4		06/06/24		586		(6,051	)
Euro Bund		66		06/06/24		9,497		(44,315	)
Short Term Euro BTP		29		06/06/24		3,313		(7,847	)
10-Year U.S. Treasury Note		617		06/18/24		68,362		(241,987	)
10-Year U.S. Ultra Long Treasury Note		955		06/18/24		109,452		(968,523	)
Ultra U.S. Treasury Bond		70		06/18/24		9,030		(33,244	)
E-mini Russell 2000 Index		11		06/21/24		1,180		(25,346	)
Euro Stoxx 50 Index		4		06/21/24		218		(5,698	)
Euro Stoxx Banks Index		30		06/21/24		219		(17,133	)
S&P 500 E-Mini Index		38		06/21/24		10,086		(154,976	)
2-Year U.S. Treasury Note		1,183		06/28/24		241,905		157,396


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Short Contracts (continued)
5-Year U.S. Treasury Note		2,172		06/28/24	$	232,438	$	(200,123	)
90-Day AUD Bank Bill		24		12/12/24		15,488		(400	)
3-Month SONIA Index		30		12/17/24		9,023		4,410
3-Month SOFR		66		03/18/25		15,743		36,371
3-Month Euro EURIBOR		35		09/15/25		9,208		520


								(1,506,946	)


							$	(490,577	)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	940,165	BRL	4,697,255	Deutsche Bank AG		04/02/24	$	3,599
USD	1,172,000	BRL	5,835,388	Goldman Sachs International		04/02/24		8,506
USD	2,202,215	BRL	11,002,706	HSBC Bank USA N.A.		04/02/24		8,431
USD	198,762	BRL	975,000	JPMorgan Chase Bank N.A.		04/02/24		4,361
USD	955,043	BRL	4,771,586	Morgan Stanley & Co. International PLC		04/02/24		3,656
USD	229,623	BRL	1,147,240	UBS AG		04/02/24		879
USD	570,033	BRL	2,848,000	UBS AG		04/02/24		2,182
AUD	717,071	USD	465,515	State Street Bank and Trust Co.		04/03/24		1,764
CAD	3,407,000	USD	2,505,880	Toronto-Dominion Bank		04/03/24		9,419
CNY	27,192,000	USD	3,743,897	State Street Bank and Trust Co.		04/03/24		27,255
GBP	2,198,218	USD	2,773,294	UBS AG		04/03/24		1,187
USD	3,778,633	CNY	27,192,000	State Street Bank and Trust Co.		04/03/24		7,481
USD	2,780,368	GBP	2,198,218	Westpac Banking Corp.		04/03/24		5,887
USD	126,979	HKD	993,000	JPMorgan Chase Bank N.A.		04/03/24		109
USD	3,312,034	JPY	494,563,000	JPMorgan Chase Bank N.A.		04/03/24		44,506
USD	1,032,006	JPY	153,520,000	Natwest Markets PLC		04/03/24		17,715
USD	235,772	NOK	2,500,000	Deutsche Bank AG		04/03/24		5,495
USD	128,273	PLN	506,000	Deutsche Bank AG		04/03/24		1,593
USD	203,039	PLN	810,000	Natwest Markets PLC		04/03/24		250
USD	129,780	PLN	510,000	State Street Bank and Trust Co.		04/03/24		2,099
USD	108,609	SEK	1,124,000	Morgan Stanley & Co. International PLC		04/03/24		3,601
PEN	213,199	USD	57,304	Deutsche Bank AG		04/05/24		8
USD	2,207,428	BRL	11,002,706	HSBC Bank USA N.A.		04/05/24		14,347
USD	45,623	EUR	41,870	Deutsche Bank AG		04/05/24		448
USD	110,561	EUR	101,469	Deutsche Bank AG		04/05/24		1,083
USD	118,147	EUR	108,430	Deutsche Bank AG		04/05/24		1,159
USD	24,761	EUR	22,700	Morgan Stanley & Co. International PLC		04/05/24		269
USD	32,378	EUR	29,700	Morgan Stanley & Co. International PLC		04/05/24		334
USD	1,258,307	ZAR	23,520,978	Deutsche Bank AG		04/05/24		16,629
USD	1,868,291	IDR	29,119,177,041	Bank of America N.A.		04/19/24		34,438
USD	540,265	IDR	8,431,909,395	Barclays Bank PLC		04/19/24		9,244
USD	950,702	EUR	872,000	Deutsche Bank AG		04/22/24		9,232
USD	952,312	EUR	873,477	Deutsche Bank AG		04/22/24		9,248
USD	153,881	EUR	141,553	Toronto-Dominion Bank		04/22/24		1,051
USD	1,434,124	PLN	5,672,236	Goldman Sachs International		04/22/24		14,250
AUD	171,627	EUR	103,500	HSBC Bank PLC		04/24/24		154
COP	1,203,441,800	GBP	242,000	Morgan Stanley & Co. International PLC		04/24/24		4,671
COP	1,031,756,880	USD	264,000	Barclays Bank PLC		04/24/24		1,901
COP	593,793,000	USD	153,000	Standard Chartered Bank		04/24/24		30
HUF	75,725,770	EUR	191,000	UBS AG		04/24/24		918
MXN	2,560,739	USD	153,000	Barclays Bank PLC		04/24/24		510
MXN	24,191,853	USD	1,435,000	Morgan Stanley & Co. International PLC		04/24/24		15,237
USD	228,000	CHF	202,968	Deutsche Bank AG		04/24/24		2,418
USD	376,000	CHF	331,264	Morgan Stanley & Co. International PLC		04/24/24		7,829
USD	454,000	CNH	3,262,217	UBS AG		04/24/24		4,529


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	300,000	CZK	6,947,625	Morgan Stanley & Co. International PLC		04/24/24	$	3,825
USD	1,478,767	EUR	1,356,000	Deutsche Bank AG		04/24/24		14,620
USD	395,000	JPY	58,616,467	Morgan Stanley & Co. International PLC		04/24/24		6,485
USD	225,000	NOK	2,387,098	BNP Paribas SA		04/24/24		5,004
USD	305,000	SEK	3,227,083	HSBC Bank PLC		04/24/24		3,263
USD	555,000	TWD	17,540,775	Citibank N.A.		04/24/24		6,799
USD	228,000	ZAR	4,321,466	BNP Paribas SA		04/24/24		214
ZAR	5,632,534	EUR	272,000	Morgan Stanley & Co. International PLC		04/24/24		3,200
ZAR	12,912,248	USD	680,000	Citibank N.A.		04/24/24		610
USD	1,684,552	CNY	11,932,524	Citibank N.A.		04/29/24		8,662
USD	457,255	PLN	1,826,000	State Street Bank and Trust Co.		05/02/24		209
EUR	7,446,261	USD	8,041,910	JPMorgan Chase Bank N.A.		05/03/24		1,146
USD	127,023	HKD	993,000	Nomura International PLC		05/03/24		27
USD	1,016,317	MXN	16,940,000	Goldman Sachs International		05/03/24		2,231
USD	230,664	NOK	2,500,000	Morgan Stanley & Co. International PLC		05/03/24		210
USD	105,315	SEK	1,124,000	Natwest Markets PLC		05/03/24		181
USD	4,305,587	JPY	648,083,000	Morgan Stanley & Co. International PLC		05/08/24		740
CLP	20,158,560	USD	20,363	Citibank N.A.		05/16/24		186
CLP	147,829,440	USD	149,890	Citibank N.A.		05/16/24		798
COP	556,012,000	USD	141,341	Morgan Stanley & Co. International PLC		05/16/24		1,452
MXN	11,445,000	USD	678,264	BNP Paribas SA		05/16/24		5,438
PEN	141,000	USD	37,870	Deutsche Bank AG		05/16/24		2
USD	293,625	BRL	1,459,745	Goldman Sachs International		05/16/24		3,788
USD	2,150,421	BRL	10,704,797	Goldman Sachs International		05/16/24		24,953
USD	159,900	CHF	142,000	Deutsche Bank AG		05/16/24		1,694
USD	259,181	CZK	6,029,712	BNP Paribas SA		05/16/24		2,134
USD	1,900,115	CZK	44,217,885	BNP Paribas SA		05/16/24		15,108
USD	61,629	EUR	56,098	Deutsche Bank AG		05/16/24		1,004
USD	95,708	EUR	87,095	Deutsche Bank AG		05/16/24		1,584
USD	112,956	EUR	103,320	Deutsche Bank AG		05/16/24		1,298
USD	229,463	EUR	208,868	Deutsche Bank AG		05/16/24		3,740
USD	827,995	EUR	757,680	Deutsche Bank AG		05/16/24		9,172
USD	117,468	EUR	107,284	The Bank of New York Mellon		05/16/24		1,526
USD	206,668	EUR	188,751	The Bank of New York Mellon		05/16/24		2,684
USD	299,147	EUR	273,214	The Bank of New York Mellon		05/16/24		3,886
USD	100,585	HUF	36,805,142	Barclays Bank PLC		05/16/24		32
USD	124,899	IDR	1,967,781,105	Deutsche Bank AG		05/16/24		1,078
USD	1,024,704	IDR	16,144,211,571	Deutsche Bank AG		05/16/24		8,842
USD	175,857	IDR	2,756,987,983	UBS AG		05/16/24		2,376
USD	1,288,832	IDR	20,217,911,878	UBS AG		05/16/24		16,635
USD	334,527	PEN	1,236,000	BNP Paribas SA		05/16/24		2,545
USD	613,830	PEN	2,267,962	BNP Paribas SA		05/16/24		4,670
USD	303,972	PEN	1,125,000	Citibank N.A.		05/16/24		1,804
USD	555,130	PEN	2,054,537	Citibank N.A.		05/16/24		3,295
USD	573,019	PEN	2,100,000	Citibank N.A.		05/16/24		8,972
USD	113,999	PEN	421,000	Standard Chartered Bank		05/16/24		922
USD	263,231	PLN	1,050,275	BNP Paribas SA		05/16/24		387
USD	320,304	SEK	3,386,000	HSBC Bank PLC		05/16/24		3,420
USD	195,000	TWD	6,180,330	JPMorgan Chase Bank N.A.		05/16/24		1,646
USD	237,219	ZAR	4,479,000	Bank of America N.A.		05/16/24		1,551
USD	293,242	ZAR	5,546,858	State Street Bank and Trust Co.		05/16/24		1,388
USD	2,147,150	ZAR	40,676,958	State Street Bank and Trust Co.		05/16/24		6,888
COP	2,501,665,000	USD	569,985	BNP Paribas SA		05/17/24		72,381
USD	1,908,116	CZK	44,546,887	Citibank N.A.		06/04/24		8,880
AUD	1,900,000	JPY	182,077,551	State Street Bank and Trust Co.		06/20/24		23,457
AUD	1,063,000	NZD	1,143,782	HSBC Bank PLC		06/20/24		10,834
CNH	10,789	AUD	2,278	Citibank N.A.		06/20/24		3
CNY	26,430	JPY	534,673	State Street Bank and Trust Co.		06/20/24		133
COP	375,000,000	USD	94,109	Bank of America N.A.		06/20/24		1,661
EUR	1,843,672	AUD	3,052,346	Toronto-Dominion Bank		06/20/24		1,901
GBP	70,000	USD	88,169	BNP Paribas SA		06/20/24		218
HUF	84,000,000	EUR	211,493	Citibank N.A.		06/20/24		219


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
JPY	143,000,000	USD	954,660	Barclays Bank PLC		06/20/24	$	1,456
MXN	102,550,000	USD	6,009,400	Citibank N.A.		06/20/24		83,087
MXN	197,616,281	USD	11,580,672	HSBC Bank PLC		06/20/24		159,695
MXN	1,600,000	USD	93,675	JPMorgan Chase Bank N.A.		06/20/24		1,381
MXN	11,123,065	USD	651,812	Toronto-Dominion Bank		06/20/24		9,008
TRY	799,951	USD	22,000	JPMorgan Chase Bank N.A.		06/20/24		565
USD	2,790,000	AUD	4,204,475	Morgan Stanley & Co. International PLC		06/20/24		44,144
USD	396,602	BRL	1,996,990	Citibank N.A.		06/20/24		1,378
USD	1,203,188	BRL	6,058,352	Citibank N.A.		06/20/24		4,179
USD	2,427,884	BRL	12,225,003	Citibank N.A.		06/20/24		8,434
USD	2,321,465	BRL	11,685,000	Goldman Sachs International		06/20/24		8,886
USD	230,295	CAD	309,879	The Bank of New York Mellon		06/20/24		1,267
USD	7,294	CHF	6,328	UBS AG		06/20/24		217
USD	3,592,705	CHF	3,117,397	UBS AG		06/20/24		106,024
USD	1,120,137	CNH	7,994,493	Morgan Stanley & Co. International PLC		06/20/24		15,337
USD	48,390	CNH	345,364	The Bank of New York Mellon		06/20/24		662
USD	3,819,489	CNH	27,260,000	The Bank of New York Mellon		06/20/24		52,288
USD	491,512	CZK	11,349,606	Barclays Bank PLC		06/20/24		7,563
USD	1,874,761	CZK	43,305,000	Deutsche Bank AG		06/20/24		28,231
USD	819	DKK	5,552	Deutsche Bank AG		06/20/24		13
USD	1,040,261	EUR	960,000	BNP Paribas SA		06/20/24		1,295
USD	241,520	EUR	221,650	Deutsche Bank AG		06/20/24		1,638
USD	4,650,000	EUR	4,232,400	Deutsche Bank AG		06/20/24		69,460
USD	16,161,132	EUR	14,714,459	Deutsche Bank AG		06/20/24		236,321
USD	955,325	EUR	870,000	HSBC Bank PLC		06/20/24		13,763
USD	1,051,296	EUR	970,000	HSBC Bank PLC		06/20/24		1,507
USD	60,131,940	EUR	55,000,000	Morgan Stanley & Co. International PLC		06/20/24		607,864
USD	219,204	EUR	200,000	Standard Chartered Bank		06/20/24		2,753
USD	383,608	EUR	350,000	Standard Chartered Bank		06/20/24		4,818
USD	569,931	EUR	520,000	Standard Chartered Bank		06/20/24		7,158
USD	11,261,340	GBP	8,764,140	Deutsche Bank AG		06/20/24		195,113
USD	1,912,955	GBP	1,500,000	Morgan Stanley & Co. International PLC		06/20/24		18,948
USD	89,207	GBP	70,000	Standard Chartered Bank		06/20/24		820
USD	57,703	HKD	450,000	Westpac Banking Corp.		06/20/24		79
USD	743,687	HUF	269,785,000	Toronto-Dominion Bank		06/20/24		7,851
USD	761,000	IDR	11,822,135,000	Goldman Sachs International		06/20/24		17,798
USD	1,536,052	IDR	23,862,567,820	Goldman Sachs International		06/20/24		35,925
USD	4,343,261	INR	360,535,000	HSBC Bank USA N.A.		06/20/24		29,919
USD	78,000	INR	6,475,365	Royal Bank of Canada		06/20/24		531
USD	2,265,095	INR	188,262,650	State Street Bank and Trust Co.		06/20/24		12,772
USD	2,265,095	INR	188,262,650	State Street Bank and Trust Co.		06/20/24		12,772
USD	4,375,718	INR	363,029,700	Toronto-Dominion Bank		06/20/24		32,530
USD	21,835,221	JPY	3,154,109,393	Societe Generale		06/20/24		746,442
USD	309,704	KRW	405,000,000	Morgan Stanley & Co. International PLC		06/20/24		8,339
USD	49,958	NOK	520,000	Natwest Markets PLC		06/20/24		1,971
USD	491,747	NOK	5,118,505	Natwest Markets PLC		06/20/24		19,400
USD	316,557	PLN	1,240,000	State Street Bank and Trust Co.		06/20/24		6,370
USD	318,423	PLN	1,249,338	State Street Bank and Trust Co.		06/20/24		5,900
USD	33,534	SEK	341,550	The Bank of New York Mellon		06/20/24		1,523
USD	129,736	SEK	1,321,361	The Bank of New York Mellon		06/20/24		5,892
USD	312,805	TWD	9,600,000	Bank of America N.A.		06/20/24		11,719
USD	1,900,162	ZAR	35,835,000	State Street Bank and Trust Co.		06/20/24		20,260
USD	4,224,829	ZAR	79,675,694	State Street Bank and Trust Co.		06/20/24		45,046
USD	9,140,000	ZAR	172,370,495	State Street Bank and Trust Co.		06/20/24		97,452
USD	102,399	EUR	94,270	Morgan Stanley & Co. International PLC		07/02/24		322
USD	117,779	EUR	108,430	Morgan Stanley & Co. International PLC		07/02/24		370
USD	337,710	EUR	310,923	Standard Chartered Bank		07/02/24		1,038
USD	1,235,462	ZAR	23,520,978	Toronto-Dominion Bank		07/02/24		2,856
COP	843,222,800	USD	197,974	Barclays Bank PLC		08/15/24		15,504
COP	2,089,906,000	USD	490,675	Barclays Bank PLC		08/15/24		38,427
COP	2,168,287,200	USD	501,442	BNP Paribas SA		08/15/24		47,503
COP	5,374,044,000	USD	1,242,812	BNP Paribas SA		08/15/24		117,734


Affiliated Issuer	Value at 12/31/23		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 03/31/24		Shares Held at 03/31/24		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	10,532,084	$	—	$	(3,078,508	)^(a)	$	—	$	—		$	7,453,576		7,453,576	$	392,828	$	—
iShares 0-5 Year TIPS Bond ETF		695,059		—		—			—		5,923			700,982		7,050		—		—
iShares Bitcoin Trust		—		432,600		—			—		53,040			485,640		12,000		—		—
iShares iBoxx $ High Yield Corporate Bond ETF^(b)		3,919,803		2,086,922		(6,004,627	)		108,394		(110,492	)		—		—		53,470		—
iShares iBoxx $ Investment Grade Corporate Bond ETF		4,300,912		—		—			—		(67,627	)		4,233,285		38,866		30,386		—
iShares JP Morgan USD Emerging Markets Bond ETF		1,586,515		—		—			—		10,866			1,597,381		17,814		13,414		—
iShares Latin America 40 ETF		284,265		—		—			—		(6,065	)		278,200		9,782		—		—
iShares MSCI Brazil ETF		315,794		—		—			—		(22,944	)		292,850		9,033		—		—
iShares MSCI Emerging Markets ETF		528,681		—		—			—		11,439			540,120		13,148		—		—
iShares Russell 2000 ETF		95,538		—		—			—		4,565			100,103		476		249		—
iShares Russell Mid-Cap Growth ETF		215,919		—		—			—		20,008			235,927		2,067		244		—

								$	108,394	$	(101,287	)	$	15,918,064			$	490,591	$	—


Description	Type of Option		Counterparty		Number of Contracts		Expiration Date		Exercise Price			Barrier Price/Range			Notional Amount (000)			Value
Call
EUR Currency		One Touch		Barclays Bank PLC		—		04/24/24		USD	1.11		USD	1.11		EUR	70	$	3,162
USD Currency		One Touch		Barclays Bank PLC		—		10/23/24		CNH	7.50		CNH	7.50		USD	112		12,365

																			15,527

Put
EUR Currency		One Touch		Bank of America N.A.		—		04/12/24		USD	1.06		USD	1.06		EUR	165		9,379
USD Currency		Down-and-out		Bank of America N.A.		—		06/03/24		BRL	4.85		BRL	4.71		USD	746		791
EUR Currency		One Touch		Bank of America N.A.		—		08/01/24		USD	1.04		USD	1.04		EUR	50		5,060
EUR Currency		One Touch		Bank of America N.A.		—		08/05/24		USD	1.04		USD	1.04		EUR	200		20,796
EUR Currency		One Touch		Bank of America N.A.		—		08/12/24		JPY	150.00		JPY	150.00		EUR	120		10,099
EUR Currency		Down-and-out		Bank of America N.A.		—		08/13/24		PLN	4.31		PLN	4.20		EUR	422		1,326
EUR Currency		One Touch		Bank of America N.A.		—		08/16/24		PLN	4.20		PLN	4.20		EUR	30		3,732
EUR Currency		One Touch		Citibank N.A.		—		09/04/24		JPY	145.00		JPY	145.00		EUR	220		10,468
USD Currency		One Touch		UBS AG		—		11/21/24		TRY	35.00		TRY	35.00		USD	38		2,098
CNH Currency		One Touch		Standard Chartered Bank		—		01/23/25		INR	11.50		INR	11.50		CNH	537		17,878

																			81,627

																		$	97,154


	Paid by the Fund				Received by the Fund					Expiration Date		Exercise Rate			Notional Amount (000)		Value
Description	Rate			Frequency	Rate			Frequency	Counterparty	Expiration Date		Exercise Rate			Notional Amount (000)		Value
Call (continued)
1-Year Interest Rate Swap, 05/30/27		3.25	%	Semi-Annual		1-Day SOFR, 5.34	%	Semi-Annual	Goldman Sachs International		05/29/24		3.25	%	USD	30,365	$	(23,378	)
2-Year Interest Rate Swap, 06/05/26		2.30	%	Annual		6-mo. EURIBOR, 3.85	%	Semi-Annual	Goldman Sachs International		06/03/24		2.30		EUR	9,802		(1,099	)
5-Year Interest Rate Swap, 08/14/29		2.00	%	Annual		6-mo. EURIBOR, 3.85	%	Semi-Annual	Morgan Stanley & Co. International PLC		08/12/24		2.00		EUR	11,140		(22,819	)
2-Year Interest Rate Swap, 08/23/26		3.50	%	Annual		1-Day SONIA, 5.19	%	Annual	Barclays Bank PLC		08/23/24		3.50		GBP	5,520		(14,029	)
2-Year Interest Rate Swap, 10/26/26		3.30	%	Annual		1-Day SOFR, 5.34	%	Annual	JPMorgan Chase Bank N.A.		10/24/24		3.30		USD	41,802		(81,972	)
10-Year Interest Rate Swap, 01/25/35		2.25	%	Annual		1-Day SOFR, 5.34	%	Annual	Goldman Sachs International		01/23/25		2.25		USD	25,518		(48,450	)
3-Year Interest Rate Swap, 02/11/28		2.50	%	Semi-Annual		3-mo. BBSW, 4.34	%	Semi-Annual	JPMorgan Chase Bank N.A.		02/10/25		2.50		AUD	6,180		(4,781	)

																		(233,441	)

Put
2-Year Interest Rate Swap, 04/06/26		1-Day SOFR, 5.34	%	Annual		4.40	%	Annual	Citibank N.A.		04/04/24		4.40		USD	32,986		(92,641	)
2-Year Interest Rate Swap, 04/06/26		1-Day SOFR, 5.34	%	Annual		4.40	%	Annual	Citibank N.A.		04/04/24		4.40		USD	32,500		(91,276	)
5-Year Interest Rate Swap, 04/06/29		1-Day SOFR, 5.34	%	Annual		4.00	%	Annual	Citibank N.A.		04/04/24		4.00		USD	16,493		(35,998	)
5-Year Interest Rate Swap, 04/06/29		1-Day SOFR, 5.34	%	Annual		4.00	%	Annual	Citibank N.A.		04/04/24		4.00		USD	12,500		(27,283	)
2-Year Interest Rate Swap, 04/07/26		1-Day SOFR, 5.34	%	Annual		4.45	%	Annual	Goldman Sachs International		04/05/24		4.45		USD	16,493		(34,061	)
5-Year Interest Rate Swap, 04/07/29		1-Day SOFR, 5.34	%	Annual		4.05	%	Annual	Goldman Sachs International		04/05/24		4.05		USD	16,493		(23,273	)
2-Year Interest Rate Swap, 04/18/26		1-Day SOFR, 5.34	%	Annual		4.05	%	Annual	Deutsche Bank AG		04/16/24		4.05		USD	25,833		(226,988	)
5-Year Interest Rate Swap, 04/18/29		1-Day SOFR, 5.34	%	Annual		4.00	%	Annual	Deutsche Bank AG		04/16/24		4.00		USD	25,833		(89,804	)
2-Year Interest Rate Swap, 04/24/26		1-Day SOFR, 5.34	%	Annual		4.30	%	Annual	Deutsche Bank AG		04/22/24		4.30		USD	30,734		(135,018	)
5-Year Interest Rate Swap, 04/24/29		1-Day SOFR, 5.34	%	Annual		4.00	%	Annual	Deutsche Bank AG		04/22/24		4.00		USD	12,806		(50,090	)
5-Year Interest Rate Swap, 04/28/29		6-mo. EURIBOR, 3.85	%	Semi-Annual		2.90	%	Annual	JPMorgan Chase Bank N.A.		04/26/24		2.90		EUR	7,119		(3,453	)
5-Year Interest Rate Swap, 05/01/29		6-mo. EURIBOR, 3.85	%	Semi-Annual		2.85	%	Annual	JPMorgan Chase Bank N.A.		04/29/24		2.85		EUR	1,590		(1,378	)
5-Year Interest Rate Swap, 05/01/29		6-mo. EURIBOR, 3.85	%	Semi-Annual		2.85	%	Annual	Goldman Sachs International		04/29/24		2.85		EUR	1,590		(1,377	)
5-Year Interest Rate Swap, 05/04/29		1-Day SOFR, 5.34	%	Annual		4.00	%	Annual	Deutsche Bank AG		05/02/24		4.00		USD	25,628		(114,305	)
2-Year Interest Rate Swap, 05/08/26		1-Day SOFR, 5.34	%	Annual		4.50	%	Annual	Goldman Sachs International		05/06/24		4.50		USD	26,398		(53,197	)
2-Year Interest Rate Swap, 05/24/26		1-Day SOFR, 5.34	%	Annual		4.75	%	Annual	Deutsche Bank AG		05/22/24		4.75		USD	20,748		(14,133	)
1-Year Interest Rate Swap, 05/30/27		1-Day SOFR, 5.34	%	Semi-Annual		4.15	%	Semi-Annual	Goldman Sachs International		05/28/24		4.15		USD	30,365		(26,779	)
2-Year Interest Rate Swap, 05/30/26		6-mo. EURIBOR, 3.85	%	Semi-Annual		3.50	%	Annual	JPMorgan Chase Bank N.A.		05/28/24		3.50		EUR	9,764		(1,161	)
1-Year Interest Rate Swap, 05/30/27		1-Day SOFR, 5.34	%	Semi-Annual		4.10	%	Semi-Annual	Goldman Sachs International		05/29/24		4.10		USD	30,365		(33,270	)


Reference Obligation/Index	Financing Rate Paid by the Fund			Payment Frequency		Termination Date		Notional Amount (000)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
CDX.NA.HY.41.V2		5.00	%		Quarterly		12/20/28		USD	1,934	$	(145,604	)	$	(135,533	)	$	(10,071	)
CDX.NA.HY.42.V1		5.00			Quarterly		06/20/29		USD	10		(89,502	)		(84,768	)		(4,734	)
iTraxx.FINSR.41.V1		1.00			Quarterly		06/20/29		EUR	2,265		(44,130	)		(42,419	)		(1,711	)
iTraxx.XO.41.V1		5.00			Quarterly		06/20/29		EUR	10,621		(1,029,543	)		(1,009,460	)		(20,083	)

											$	(1,308,779	)	$	(1,272,180	)	$	(36,599	)


Reference Obligation/Index	Financing Rate Received by the Fund			Payment Frequency		Termination Date		Credit Rating^(a)		Notional Amount (000)^(b)		Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
CDX.NA.IG.42.V1		1.00	%		Quarterly		06/20/29		BBB+	USD	1,750	$	40,118	$	38,859	$	1,259
iTraxx.EUR.41.V1		1.00			Quarterly		06/20/29		BB+	EUR	2,201		53,170		51,796		1,374

												$	93,288	$	90,655	$	2,633


Paid by the Fund		Received by the Fund		Effective Date			Termination Date		Notional Amount (000)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Rate	Frequency	Rate	Frequency	Effective Date			Termination Date		Notional Amount (000)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
6-mo. EURIBOR, 3.85%	Semi-Annual	1.75%	Annual		N/A			05/04/24		EUR	54,060	$	(194,520	)	$	22		$	(194,542	)
3-mo. KRW CDC, 3.64%	Quarterly	3.87%	Quarterly		N/A			07/03/24		KRW	3,474,090		1,673			9			1,664
1-Day SOFR, 5.34%	At Termination	4.46%	At Termination		N/A			07/12/24		USD	36,640		(361,735	)		34			(361,769	)
1-Day SOFR, 5.34%	At Termination	5.37%	At Termination		N/A			07/12/24		USD	19,508		(12,806	)		18			(12,824	)
1-Day SOFR, 5.34%	At Termination	5.37%	At Termination		N/A			07/12/24		USD	19,508		(12,214	)		18			(12,232	)
1-Day SONIA, 5.19%	At Termination	4.26%	At Termination		N/A			09/06/24		GBP	9,663		(121,447	)		20			(121,467	)
11.25%	Monthly	28-Day MXIBTIIE, 11.25%	Monthly		N/A			11/07/24		MXN	75,489		(6,046	)		5			(6,051	)
3-mo. KRW CDC, 3.64%	Quarterly	3.93%	Quarterly		N/A			11/09/24		KRW	1,673,730		3,027			4			3,023
3-mo. KRW CDC, 3.64%	Quarterly	3.87%	Quarterly		N/A			11/16/24		KRW	2,209,150		3,139			3			3,136
10.95%	Monthly	28-Day MXIBTIIE, 11.25%	Monthly		N/A			12/03/24		MXN	148,975		(714	)		11			(725	)
1-Day SOFR, 5.34%	At Termination	4.59%	At Termination		N/A			12/14/24		USD	100,965		(697,468	)		203			(697,671	)
0.23%	Annual	Tokyo Overnight Average Rate, 0.07%	Annual		N/A			01/11/25		JPY	96,050		(750	)		1			(751	)
0.24%	Annual	Tokyo Overnight Average Rate, 0.07%	Annual		N/A			01/19/25		JPY	498,950		(3,849	)		9			(3,858	)
10.76%	Monthly	28-Day MXIBTIIE, 11.25%	Monthly		N/A			01/23/25		MXN	92,921		4,391			7			4,384
2.00%	Annual	1-Day SOFR, 5.34%	Annual		N/A			02/17/25		USD	13,940		428,463			28			428,435
1-Day SOFR, 5.34%	Annual	2.60%	Annual		N/A			02/17/25		USD	49,553		(1,232,540	)		99			(1,232,639	)
1-Day SOFR, 5.34%	Annual	2.70%	Annual		N/A			02/17/25		USD	49,553		(1,184,101	)		99			(1,184,200	)
10.71%	Monthly	28-Day MXIBTIIE, 11.25%	Monthly		N/A			03/19/25		MXN	13,829		44			1			43
4.68%	Annual	3-mo. PRIBOR, 5.61%	Quarterly		N/A			03/20/25		CZK	96,912		(2,773	)		14			(2,787	)
3-mo. WIBOR, 5.88%	Quarterly	5.68%	Annual		N/A			03/20/25		PLN	15,870		(7,446	)		12			(7,458	)
3.87%	Annual	6-mo. PRIBOR, 5.23%	Semi-Annual		06/19/24	^(a)		06/19/25		CZK	4,949		443			1			442
3-mo. WIBOR, 5.88%	Quarterly	5.70%	Anuual		06/19/24	^(a)		06/19/25		PLN	1,798		52			1			51
28-Day MXIBTIIE, 11.25%	Monthly	9.74%	Monthly		N/A			07/28/25		MXN	370,000		(187,858	)		67			(187,925	)
1-Day SOFR, 5.34%	Annual	4.10%	Annual		N/A			08/11/25		USD	51,486		(953,072	)		159			(953,231	)
28-Day MXIBTIIE, 11.25%	Monthly	10.84%	Monthly		N/A			09/25/25		MXN	38,945		20,560			6			20,554
1-Day SOFR, 5.34%	Annual	4.25%	Annual		N/A			10/17/25		USD	75,674		(979,306	)		268			(979,574	)
1-Day SOFR, 5.34%	Annual	4.05%	Annual		N/A			10/18/25		USD	39,525		(663,264	)		140			(663,404	)
0.33%	Annual	Tokyo Overnight Average Rate, 0.07%	Annual		N/A			11/06/25		JPY	550,000		(8,715	)		14			(8,729	)
2.97%	Annual	6-mo. EURIBOR, 3.85%	Semi-Annual		N/A			12/12/25		EUR	1,750		10,168			(466	)		10,634
0.23%	Annual	Tokyo Overnight Average Rate, 0.07%	Annual		N/A			12/14/25		JPY	449,000		(193	)		13			(206	)
1-Day SOFR, 5.34%	Annual	3.75%	Annual		N/A			12/15/25		USD	11,532		(230,417	)		30			(230,447	)
5.14%	Annual	6-mo. WIBOR, 5.86%	Semi-Annual		N/A			12/20/25		PLN	4,197		8,638			4			8,634
0.28%	Annual	Tokyo Overnight Average Rate, 0.07%	Annual		N/A			03/09/26		JPY	1,161,341		681			36			645
1-Day ESTR, 1,335.44%	At Termination	2.32%	At Termination		03/13/25	^(a)		03/13/26		EUR	5,480		(9,150	)		(1,388	)		(7,762	)
1-Day ESTR, 1,335.44%	At Termination	2.41%	At Termination		03/17/25	^(a)		03/17/26		EUR	3,710		(2,608	)		(1,768	)		(840	)
4.10%	Annual	6-mo. PRIBOR, 5.23%	Semi-Annual		N/A			03/20/26		CZK	47,553		(1,625	)		10			(1,635	)
1-Day SONIA, 5.19%	At Termination	3.92%	At Termination		03/24/25	^(a)		03/24/26		GBP	16,080		67			11,085			(11,018	)
1-Day ESTR, 1,335.44%	At Termination	2.50%	At Termination		03/25/25	^(a)		03/25/26		EUR	7,330		3,002			1,978			1,024
1-Day ESTR, 1,335.44%	At Termination	2.55%	At Termination		03/25/25	^(a)		03/25/26		EUR	9,200		8,759			9,020			(261	)
1-Day SONIA, 5.19%	At Termination	3.86%	At Termination		03/25/25	^(a)		03/25/26		GBP	8,150		(6,182	)		1,576			(7,758	)
1-Day SOFR, 5.34%	At Termination	3.97%	At Termination		03/25/25	^(a)		03/25/26		USD	16,350		(9,374	)		579			(9,953	)
8.02%	Quarterly	3-mo. JIBAR, 8.35%	Quarterly		03/26/25	^(a)		03/26/26		ZAR	101,817		(540	)		17			(557	)
3.52%	Annual	6-mo. PRIBOR, 5.23%	Semi-Annual		06/19/24	^(a)		06/19/26		CZK	1,859		298			—			298
6-mo. WIBOR, 5.86%	Semi-Annual	5.31%	Annual		06/19/24	^(a)		06/19/26		PLN	4,137		900			5			895
3-mo. KRW CDC, 3.64%	Quarterly	3.38%	Quarterly		06/19/24	^(a)		06/19/26		KRW	187,335		192			—			192
0.27%	At Termination	Tokyo Overnight Average Rate, 0.07%	At Termination		07/07/25	^(a)		07/07/26		JPY	610,830		7,612			14			7,598
0.29%	At Termination	Tokyo Overnight Average Rate, 0.07%	At Termination		07/07/25	^(a)		07/07/26		JPY	137,810		1,478			3			1,475
0.32%	At Termination	Tokyo Overnight Average Rate, 0.07%	At Termination		07/07/25	^(a)		07/07/26		JPY	137,790		1,224			3			1,221
0.32%	At Termination	Tokyo Overnight Average Rate, 0.07%	At Termination		07/07/25	^(a)		07/07/26		JPY	137,810		1,193			3			1,190
0.33%	At Termination	Tokyo Overnight Average Rate, 0.07%	At Termination		07/07/25	^(a)		07/07/26		JPY	413,350		3,416			10			3,406


Reference Obligations/Index	Financing Rate Paid by the Fund			Payment Frequency	Counterparty		Termination Date	Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Federal Republic of Brazil		1.00	%	Quarterly		Barclays Bank PLC	12/20/24	USD	73	$	(408	)	$	268		$	(676	)
Federal Republic of Brazil		1.00		Quarterly		Barclays Bank PLC	12/20/24	USD	838		(4,685	)		3,019			(7,704	)
Federal Republic of Brazil		1.00		Quarterly		Barclays Bank PLC	12/20/24	USD	509		(2,846	)		1,833			(4,679	)
Deutsche Bank AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	300		(1,217	)		21,555			(22,772	)
Deutsche Bank AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	176		(714	)		8,191			(8,905	)
Deutsche Bank AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	59		(239	)		2,746			(2,985	)
Deutsche Bank AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	65		(263	)		3,194			(3,457	)
UBS Group AG		1.00		Quarterly		BNP Paribas SA	06/20/28	EUR	100		(2,160	)		3,855			(6,015	)
UBS Group AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	63		(1,361	)		2,890			(4,251	)
UBS Group AG		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/28	EUR	600		(12,959	)		18,322			(31,281	)
Boeing, Co.		1.00		Quarterly		Deutsche Bank AG	12/20/28	USD	300		(183	)		(1,390	)		1,207
Federal Republic of Brazil		1.00		Quarterly		Bank of America N.A.	06/20/29	USD	1,307		21,727			21,834			(107	)
Republic of Colombia		1.00		Quarterly		JPMorgan Chase Bank N.A.	06/20/29	USD	818		26,579			28,632			(2,053	)
Republic of South Africa		1.00		Quarterly		Citibank N.A.	06/20/29	USD	833		58,111			51,280			6,831
Republic of South Africa		1.00		Quarterly		Citibank N.A.	06/20/29	USD	847		59,087			52,141			6,946
Republic of South Africa		1.00		Quarterly		Morgan Stanley & Co. International PLC	06/20/29	USD	341		23,787			22,234			1,553
Republic of South Africa		1.00		Quarterly		Morgan Stanley & Co. International PLC	06/20/29	USD	548		38,226			36,410			1,816
Republic of Turkey		0.00		Quarterly		Goldman Sachs International	06/20/29	USD	605		53,171			54,345			(1,174	)
Republic of Turkey		1.00		Quarterly		Bank of America N.A.	06/20/29	USD	156		13,342			14,407			(1,065	)
Republic of Turkey		1.00		Quarterly		Goldman Sachs International	06/20/29	USD	391		33,358			41,111			(7,753	)
Republic of Turkey		1.00		Quarterly		Goldman Sachs International	06/20/29	USD	391		33,358			41,111			(7,753	)
Republic of Turkey		1.00		Quarterly		Goldman Sachs International	06/20/29	USD	344		29,354			36,177			(6,823	)
United Mexican States		1.00		Quarterly		Bank of America N.A.	06/20/29	USD	2,432		(9,367	)		(7,800	)		(1,567	)

										$	353,698		$	456,365		$	(102,667	)


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—	$	51,994,587	$	—	$	51,994,587
Common Stocks

Bermuda		—		—		16		16
China		—		97,197		—		97,197
Germany		—		27,114		—		27,114
Italy		—		114,014		—		114,014
Netherlands		14,146		108,312		—		122,458
United Kingdom		123,107		—		—		123,107
United States		7,629,836		—		782,057		8,411,893
Zambia		6,654		—		—		6,654


	Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Non-Agency Mortgage-Backed Securities			Preferred Stocks		Unfunded Floating Rate Loan Interests			Warrants
Assets
Opening balance, as of December 31, 2023	$	258,706		$	6,830,158		$	2,609,564		$	2,661,713		$	2,174,541	$	(8,357	)	$	61,604
Transfers into Level 3		—			—			585,867			—			—		—			—
Transfers out of Level 3		—			—			—			—			—		—			—
Other^(a)		(65,198	)		—			—			—			65,198		—			—
Accrued discounts/premiums		—			10,182			1,468			6,839			—		—			—
Net realized gain (loss)		(7	)		(70,738	)		(701	)		—			—		—			(3,366	)
Net change in unrealized appreciation (depreciation)^(b)		25,469			612			37,106			(6,022	)		67,902		8,412			5,567
Purchases		563,103			4,277,942			950,633			—			92,499		—			—
Sales		—			(2,551,488	)		(31,819	)		(36,437	)		—		—			—

Closing balance, as of March 31, 2024	$	782,073		$	8,496,668		$	4,152,118		$	2,626,093		$	2,400,140	$	55		$	63,805

Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2024^(b)	$	25,469		$	19,663		$	37,106		$	(6,022	)	$	67,902	$	(410	)	$	7,758


AUD				Australian Dollar

BRL				Brazilian Real

CAD				Canadian Dollar

CHF				Swiss Franc

CLP				Chilean Peso


CNH				Chinese Yuan

CNY				Chinese Yuan

COP				Colombian Peso

CZK				Czech Koruna

DKK				Danish Krone