PORTFOLIO OF INVESTMENTS – as of September 30, 2021 (Unaudited)

Loomis Sayles Investment Grade Bond Fund

Principal Amount	Description	Value (†)
Bonds and Notes – 93.4% of Net Assets
Non-Convertible Bonds – 91.8%
	ABS Car Loan – 7.4%
$       5,647,163	Ally Auto Receivables Trust, Series 2019-1, Class A3, 2.910%, 9/15/2023(a)	$	5,695,471
7,865,000	American Credit Acceptance Receivables Trust, Series 2019-3, Class D, 2.890%, 9/12/2025, 144A		8,028,149
1,965,000	AmeriCredit Automobile Receivables Trust, Series 2018-2, Class D, 4.010%, 7/18/2024		2,037,778
10,515,000	AmeriCredit Automobile Receivables Trust, Series 2018-3, Class D, 4.040%, 11/18/2024(a)		10,947,520
25,880,000	AmeriCredit Automobile Receivables Trust, Series 2019-1, Class D, 3.620%, 3/18/2025		26,917,063
12,340,000	AmeriCredit Automobile Receivables Trust, Series 2019-2, Class D, 2.990%, 6/18/2025		12,777,496
1,395,000	AmeriCredit Automobile Receivables Trust, Series 2020-2, Class D, 2.130%, 3/18/2026		1,432,492
11,000,000	Avis Budget Rental Car Funding AESOP LLC, Series 2018-2A, Class D, 3.040%, 3/20/2025, 144A		11,069,971
1,940,000	Avis Budget Rental Car Funding AESOP LLC, Series 2019-2A, Class A, 3.350%, 9/22/2025, 144A(a)		2,067,865
8,910,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class A, 2.020%, 2/20/2027, 144A(a)		9,121,621
3,650,000	CarMax Auto Owner Trust, Series 2018-3, Class D, 3.910%, 1/15/2025		3,748,526
13,585,000	CarMax Auto Owner Trust, Series 2019-1, Class D, 4.040%, 8/15/2025		14,139,773
5,811,000	CarMax Auto Owner Trust, Series 2019-2, Class D, 3.410%, 10/15/2025		6,059,862
2,315,000	CarMax Auto Owner Trust, Series 2019-3, Class D, 2.850%, 1/15/2026		2,394,033
4,625,000	CarMax Auto Owner Trust, Series 2020-1, Class D, 2.640%, 7/15/2026		4,791,412
2,550,000	CarMax Auto Owner Trust, Series 2021-3, Class D, 1.500%, 1/18/2028		2,536,277
23,320,000	Credit Acceptance Auto Loan Trust, Series 2019-1A, Class C, 3.940%, 6/15/2028, 144A		23,810,361
2,525,000	Credit Acceptance Auto Loan Trust, Series 2020-2A, Class C, 2.730%, 11/15/2029, 144A		2,602,745
275,000	Credit Acceptance Auto Loan Trust, Series 2020-3A, Class C, 2.280%, 2/15/2030, 144A		280,568
6,555,000	Drive Auto Receivables Trust, Series 2018-5, Class D, 4.300%, 4/15/2026(a)		6,772,269
16,395,000	Drive Auto Receivables Trust, Series 2019-1, Class D, 4.090%, 6/15/2026(a)		16,882,661
3,700,000	Drive Auto Receivables Trust, Series 2019-2, Class D, 3.690%, 8/17/2026(a)		3,818,557
10,760,000	DT Auto Owner Trust, Series 2019-1A, Class D, 3.870%, 11/15/2024, 144A		11,038,936
3,950,000	DT Auto Owner Trust, Series 2019-2A, Class D, 3.480%, 2/18/2025, 144A		4,076,811
3,400,000	DT Auto Owner Trust, Series 2019-3A, Class D, 2.960%, 4/15/2025, 144A		3,499,224

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Car Loan – continued
$       7,410,000	Exeter Automobile Receivables Trust, Series 2021-1A, Class D, 1.080%, 11/16/2026	$	7,397,540
3,790,000	First Investors Auto Owner Trust, Series 2019-1A, Class D, 3.550%, 4/15/2025, 144A		3,894,500
4,610,000	Flagship Credit Auto Trust, Series 2019-3, Class D, 2.860%, 12/15/2025, 144A		4,768,018
30,600,000	Ford Credit Auto Owner Trust, Series 2020-B, Class A3, 0.560%, 10/15/2024(a)		30,686,170
15,340,000	Ford Credit Auto Owner Trust, Series 2020-C, Class A3, 0.410%, 7/15/2025(a)		15,353,198
27,290,000	Ford Credit Auto Owner Trust, Series 2021-A, Class A3, 0.300%, 8/15/2025(a)		27,243,078
8,555,000	GLS Auto Receivables Trust, Series 2019-2A, Class C, 3.540%, 2/18/2025, 144A		8,810,983
4,234,870	GM Financial Consumer Automobile Receivables Trust, Series 2019-1, Class A3, 2.970%, 11/16/2023(a)		4,266,522
5,033,453	GM Financial Consumer Automobile Receivables Trust, Series 2020-1, Class A3, 1.840%, 9/16/2024(a)		5,087,134
10,120,000	GM Financial Consumer Automobile Receivables Trust, Series 2021-1, Class A3, 0.350%, 10/16/2025(a)		10,121,430
21,335,000	GM Financial Consumer Automobile Receivables Trust, Series 2021-2, Class A3, 0.510%, 4/16/2026(a)		21,362,501
1,400,000	GMF Floorplan Owner Revolving Trust, Series 2020-1, Class C, 1.480%, 8/15/2025, 144A		1,416,481
2,194,152	Honda Auto Receivables Owner Trust, Series 2019-1, Class A3, 2.830%, 3/20/2023(a)		2,212,828
16,245,000	Honda Auto Receivables Owner Trust, Series 2021-1, Class A3, 0.270%, 4/21/2025(a)		16,236,486
2,580,750	JPMorgan Chase Bank NA, Series 2021-1, Class D, 1.174%, 9/25/2028, 144A		2,581,930
5,525,862	Nissan Auto Receivables Owner Trust, Series 2019-C, Class A3, 1.930%, 7/15/2024(a)		5,580,938
18,955,000	Nissan Auto Receivables Owner Trust, Series 2020-B, Class A3, 0.550%, 7/15/2024(a)		19,000,663
4,350,000	Prestige Auto Receivables Trust, Series 2020-1A, Class E, 3.670%, 2/15/2028, 144A		4,480,483
27,665,000	Santander Drive Auto Receivables Trust, Series 2019-1, Class D, 3.650%, 4/15/2025		28,270,681
6,995,000	Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.220%, 7/15/2025		7,185,533
8,455,000	Santander Drive Auto Receivables Trust, Series 2019-3, Class D, 2.680%, 10/15/2025(a)		8,631,915
12,815,000	Santander Drive Auto Receivables Trust, Series 2020-1, Class D, 5.350%, 3/15/2028		13,756,198
2,900,000	Santander Drive Auto Receivables Trust, Series 2020-2, Class D, 2.220%, 9/15/2026		2,960,033
7,073,619	Toyota Auto Receivables Owner Trust, Series 2021-A, Class A2, 0.160%, 7/17/2023(a)		7,072,499
15,495,000	Westlake Automobile Receivables Trust, Series 2019-1A, Class D, 3.670%, 3/15/2024, 144A		15,787,883
			470,713,066

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Credit Card – 0.5%
$       8,000,000	American Express Credit Account Master Trust, Series 2019-1, Class A, 2.870%, 10/15/2024(a)	$	8,099,259
3,460,000	Brex Commercial Charge Card Master Trust, Series 2021-1, Class A, 2.090%, 7/15/2024, 144A		3,495,991
11,730,000	Capital One Multi-Asset Execution Trust, Series 2019-A1, Class A1, 2.840%, 12/15/2024(a)		11,848,173
1,690,000	Citibank Credit Card Issuance Trust, Series 2016-A2, Class A2, 2.190%, 11/20/2023(a)		1,694,576
6,355,000	Mercury Financial Credit Card Master Trust, Series 2021-1A, Class A, 1.540%, 3/20/2026, 144A		6,372,808
1,525,000	Mission Lane Credit Card Master Trust, Series 2021-A, Class B, 2.240%, 9/15/2026, 144A		1,528,176
			33,038,983
	ABS Home Equity – 5.4%
15,451,000	American Homes 4 Rent, Series 2015-SFR1, Class E, 5.639%, 4/17/2052, 144A		16,935,594
1,250,000	Bayview Opportunity Master Fund IVb Trust, Series 2017-SPL4, Class B2, 4.750%, 1/28/2055, 144A(b)		1,279,074
2,313,499	Brass PLC, Series 8A, Class A1, 3-month LIBOR + 0.700%, 0.825%, 11/16/2066, 144A(a)(c)		2,322,602
10,390,000	CAFL Issuer LLC, Series 2021-RTL1, Class A1, 2.239%, 3/26/2029, 144A(b)		10,382,623
4,469,320	Citigroup Mortgage Loan Trust, Series 2019-B, Class A1, 3.258%, 4/25/2066, 144A(b)		4,502,760
1,706,759	Citigroup Mortgage Loan Trust, Series 2019-E, Class A1, 3.228%, 11/25/2070, 144A(b)		1,709,439
5,116,959	Citigroup Mortgage Loan Trust, Series 2019-RP1, Class A1, 3.500%, 1/25/2066, 144A(a)(b)		5,324,115
2,434,000	CoreVest American Finance Trust, Series 2019-1, Class D, 4.818%, 3/15/2052, 144A		2,681,512
4,275,880	CoreVest American Finance Trust, Series 2019-3, Class A, 2.705%, 10/15/2052, 144A(a)		4,452,696
2,929,000	CoreVest American Finance Trust, Series 2019-3, Class B, 3.163%, 10/15/2052, 144A		3,088,966
1,259,000	CoreVest American Finance Trust, Series 2020-2, Class C, 4.861%, 5/15/2052, 144A(b)		1,425,102
3,907,715	Credit Suisse Mortgage Trust, Series 2020-RPL3, Class A1, 2.691%, 3/25/2060, 144A(b)		3,952,819
6,614,060	Credit Suisse Mortgage Trust, Series 2021-RPL1, Class A1, 1.668%, 9/27/2060, 144A(b)		6,632,118
1,515,000	FirstKey Homes Trust, Series 2020-SFR1, Class E, 2.791%, 8/17/2037, 144A		1,537,251
11,696,000	FirstKey Homes Trust, Series 2020-SFR2, Class D, 1.968%, 10/19/2037, 144A		11,645,529
3,083,000	FirstKey Homes Trust, Series 2020-SRF1, Class D, 2.241%, 8/17/2037, 144A		3,099,624
5,988,789	GCAT Trust, Series 2019-RPL1, Class A1, 2.650%, 10/25/2068, 144A(a)(b)		6,141,914
304,368	Gosforth Funding PLC, Series 2018-1A, Class A1, 3-month LIBOR + 0.450%, 0.579%, 8/25/2060, 144A(c)		304,664

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Home Equity – continued
$       2,618,161	Home Partners of America Trust, Series 2019-1, Class D, 3.406%, 9/17/2039, 144A	$	2,610,629
2,482,818	Home Partners of America Trust, Series 2019-2, Class D, 3.121%, 10/19/2039, 144A		2,435,991
1,140,691	Home Partners of America Trust, Series 2021-1, Class E, 2.577%, 9/19/2041, 144A		1,132,440
2,304,638	Invitation Homes Trust, Series 2018-SFR2, Class B, 1-month LIBOR + 1.080%, 1.164%, 6/17/2037, 144A(c)		2,307,813
1,129,895	Invitation Homes Trust, Series 2018-SFR3, Class B, 1-month LIBOR + 1.150%, 1.234%, 7/17/2037, 144A(c)		1,131,781
7,020,000	Lanark Master Issuer PLC, Series 2019-2A, Class 1A, 2.710%, 12/22/2069, 144A(a)(b)		7,125,490
895,000	Lanark Master Issuer PLC, Series 2020-1A, Class 1A, 2.277%, 12/22/2069, 144A(b)		913,565
9,800,677	Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 3.250%, 11/25/2059, 144A(b)		9,855,083
298,235	Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.750%, 1/25/2059, 144A(b)		298,481
3,174,099	Legacy Mortgage Asset Trust, Series 2019-GS3, Class A1, 3.750%, 4/25/2059, 144A(b)		3,195,504
6,508,032	Legacy Mortgage Asset Trust, Series 2019-GS4, Class A1, 3.438%, 5/25/2059, 144A(b)		6,514,512
7,004,651	Legacy Mortgage Asset Trust, Series 2020-GS1, Class A1, 2.882%, 10/25/2059, 144A(b)		7,032,247
1,819,033	Legacy Mortgage Asset Trust, Series 2020-GS5, Class A1, 3.250%, 6/25/2060, 144A		1,848,360
2,543,129	Legacy Mortgage Asset Trust, Series 2021-GS4, Class A1, 1.650%, 11/25/2060, 144A(b)		2,539,819
1,467,786	Mill City Mortgage Loan Trust, Series 2018-2, Class M1, 3.750%, 5/25/2058, 144A(a)(b)		1,552,799
2,744,944	Mill City Mortgage Loan Trust, Series 2019-1, Class M1, 3.500%, 10/25/2069, 144A(b)		2,922,409
3,442,716	Mill City Mortgage Loan Trust, Series 2019-1, Class A1, 3.250%, 10/25/2069, 144A(a)(b)		3,590,854
8,072,237	Mill City Mortgage Loan Trust, Series 2019-GS1, Class A1, 2.750%, 7/25/2059, 144A(a)(b)		8,269,127
4,815,177	OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072%, 12/26/2059, 144A(b)		4,832,550
2,830,000	Progress Residential Trust, Series 2019-SFR1, Class D, 4.168%, 8/17/2035, 144A		2,856,865
4,732,000	Progress Residential Trust, Series 2019-SFR2, Class D, 3.794%, 5/17/2036, 144A		4,784,451
1,690,000	Progress Residential Trust, Series 2019-SFR2, Class E, 4.142%, 5/17/2036, 144A		1,714,811
3,860,000	Progress Residential Trust, Series 2019-SFR4, Class D, 3.136%, 10/17/2036, 144A		3,914,492
155,000	Progress Residential Trust, Series 2020-SFR2, Class C, 3.077%, 6/17/2037, 144A		158,621
295,000	Progress Residential Trust, Series 2020-SFR3, Class B, 1.495%, 10/17/2027, 144A		297,517
1,818,000	Progress Residential Trust, Series 2020-SFR3, Class E, 2.296%, 10/17/2027, 144A		1,809,776

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Home Equity – continued
$       5,780,000	Progress Residential Trust, Series 2021-SFR2, Class E1, 2.547%, 4/19/2038, 144A	$	5,766,570
2,420,000	Progress Residential Trust, Series 2021-SFR3, Class E1, 2.538%, 5/17/2026, 144A		2,417,044
2,015,000	Progress Residential Trust, Series 2021-SFR3, Class E2, 2.688%, 5/17/2026, 144A		2,016,886
3,575,000	Progress Residential Trust, Series 2021-SFR6, Class E1, 2.425%, 7/17/2038, 144A		3,570,140
1,795,000	Progress Residential Trust, Series 2021-SFR6, Class E2, 2.525%, 7/17/2038, 144A		1,792,565
1,807,566	PRPM LLC, Series 2020-2, Class A1, 3.671%, 8/25/2025, 144A(b)		1,819,152
5,679,737	PRPM LLC, Series 2020-3, Class A1, 2.857%, 9/25/2025, 144A(b)		5,691,104
5,395,517	PRPM LLC, Series 2020-4, Class A1, 2.951%, 10/25/2025, 144A(b)		5,416,374
11,255,825	PRPM LLC, Series 2020-5, Class A1, 3.104%, 11/25/2025, 144A(b)		11,324,311
8,805,653	PRPM LLC, Series 2021-1, Class A1, 2.115%, 1/25/2026, 144A(b)		8,821,771
340,463	PRPM LLC, Series 2021-2, Class A1, 2.115%, 3/25/2026, 144A(b)		341,487
8,340,000	PRPM LLC, Series 2021-8, Class A1, 1.743%, 9/25/2026, 144A(b)		8,334,521
801,894	Sequoia Mortgage Trust, Series 2017-CH2, Class A1, 4.000%, 12/25/2047, 144A(a)(b)		812,544
1,071,593	Sequoia Mortgage Trust, Series 2019-CH2, Class A1, 4.500%, 8/25/2049, 144A(a)(b)		1,081,747
4,930,000	Towd Point Mortgage Trust, Series 2017-4, Class M2, 3.250%, 6/25/2057, 144A(b)		5,181,072
6,390,000	Towd Point Mortgage Trust, Series 2017-5, Class M2, 1-month LIBOR + 1.500%, 1.586%, 2/25/2057, 144A(c)		6,490,549
41,128	Towd Point Mortgage Trust, Series 2016-1, Class A1B, 2.750%, 2/25/2055, 144A(b)		41,111
1,775,000	Towd Point Mortgage Trust, Series 2018-4, Class A2, 3.000%, 6/25/2058, 144A(b)		1,863,736
1,943,340	Towd Point Mortgage Trust, Series 2018-5, Class M1, 3.250%, 7/25/2058, 144A(b)		2,024,933
17,610,000	Towd Point Mortgage Trust, Series 2019-2, Class M1, 3.750%, 12/25/2058, 144A(b)		18,529,761
7,131,483	Towd Point Mortgage Trust, Series 2019-4, Class A1, 2.900%, 10/25/2059, 144A(a)(b)		7,385,909
3,325,000	Towd Point Mortgage Trust, Series 2020-1, Class A2B, 3.250%, 1/25/2060, 144A(b)		3,518,089
3,950,000	Tricon American Homes, Series 2020-SFR1, Class D, 2.548%, 7/17/2038, 144A		3,984,306
2,575,000	Tricon American Homes Trust, Series 2019-SFR1, Class D, 3.198%, 3/17/2038, 144A		2,646,023
15,975,000	VCAT Asset Securitization LLC, Series 2021-NPL6, Class A1, 1.917%, 9/25/2051, 144A(b)		15,974,057
2,324,742	VCAT LLC, Series 2021-NPL1, Class A1, 2.289%, 12/26/2050, 144A(b)		2,331,042

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Home Equity – continued
$     10,150,901	VCAT LLC, Series 2021-NPL5, Class A1, 1.868%, 8/25/2051, 144A(b)	$	10,144,755
2,972,961	VOLT XCII LLC, Series 2021-NPL1, Class A1, 1.893%, 2/27/2051, 144A(b)		2,973,024
7,956,917	VOLT XCIII LLC, Series 2021-NPL2, Class A1, 1.893%, 2/27/2051, 144A(b)		7,981,839
7,070,309	VOLT XCIV LLC, Series 2021-NPL3, Class A1, 2.240%, 2/27/2051, 144A(b)		7,076,804
5,142,872	VOLT XCVI LLC, Series 2021-NPL5, Class A1, 2.116%, 3/27/2051, 144A(b)		5,145,940
10,215,819	VOLT XCVII LLC, Series 2021-NPL6, Class A1, 2.240%, 4/25/2051, 144A(b)		10,217,288
			345,780,843
	ABS Other – 2.8%
5,025,364	Business Jet Securities LLC, Series 2021-1A, Class A, 2.162%, 4/15/2036, 144A		5,047,540
8,006,250	CAL Funding IV Ltd., Series 2020-1A, Class A, 2.220%, 9/25/2045, 144A		8,075,732
7,609,917	CLI Funding VI LLC, Series 2020-3A, Class A, 2.070%, 10/18/2045, 144A		7,659,705
5,594,773	CLI Funding VIII LLC, Series 2021-1A, Class A, 1.640%, 2/18/2046, 144A		5,522,893
940,000	Dell Equipment Finance Trust, Series 2020-2, Class C, 1.370%, 1/22/2024, 144A		951,240
945,000	Dell Equipment Finance Trust, Series 2020-2, Class D, 1.920%, 3/23/2026, 144A		962,462
2,654,155	Horizon Aircraft Finance II Ltd., Series 2019-1, Class A, 3.721%, 7/15/2039, 144A		2,661,031
1,975,000	HPEFS Equipment Trust, Series 2019-1A, Class C, 2.490%, 9/20/2029, 144A(a)		1,998,278
3,645,000	HPEFS Equipment Trust, Series 2020-1A, Class D, 2.260%, 2/20/2030, 144A		3,719,108
1,980,000	HPEFS Equipment Trust, Series 2020-2A, Class C, 2.000%, 7/22/2030, 144A(a)		2,016,808
2,795,000	HPEFS Equipment Trust, Series 2021-1A, Class D, 1.030%, 3/20/2031, 144A		2,787,920
7,333,108	Kestrel Aircraft Funding Ltd., Series 2018-1A, Class A, 4.250%, 12/15/2038, 144A		7,294,020
11,355,437	MAPS Ltd., Series 2018-1A, Class A, 4.212%, 5/15/2043, 144A		11,451,036
3,677,544	MAPS Ltd., Series 2019-1A, Class A, 4.458%, 3/15/2044, 144A		3,716,361
615,048	Marlette Funding Trust, Series 2019-4A, Class A, 2.390%, 12/17/2029, 144A		616,863
1,919,596	Merlin Aviation Holdings DAC, Series 2016-1, Class A, 4.500%, 12/15/2032, 144A(b)		1,858,378
763,820	MVW LLC, Series 2020-1A, Class C, 4.210%, 10/20/2037, 144A		806,930
456,837	MVW Owner Trust, Series 2019-1A, Class C, 3.330%, 11/20/2036, 144A		466,094

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Other – continued
$       8,040,000	OneMain Financial Issuance Trust, Series 2019-1A, Class D, 4.220%, 2/14/2031, 144A	$	8,080,087
4,675,000	OneMain Financial Issuance Trust, Series 2020-1A, Class B, 4.830%, 5/14/2032, 144A		4,859,611
6,585,000	OneMain Financial Issuance Trust, Series 2020-2A, Class A, 1.750%, 9/14/2035, 144A(a)		6,670,882
14,463,957	S-Jets Ltd., Series 2017-1, Class A, 3.967%, 8/15/2042, 144A		14,345,323
530,000	SCF Equipment Leasing LLC, Series 2021-1A, Class D, 1.930%, 9/20/2030, 144A		525,888
1,462,387	Sierra Timeshare Receivables Funding LLC, Series 2021-1A, Class C, 1.790%, 11/20/2037, 144A		1,464,489
590,000	SLM Private Credit Student Loan Trust, Series 2003-C, Class A3, 28-day ARS, 3.584%, 9/15/2032(c)		590,371
950,000	SLM Private Credit Student Loan Trust, Series 2003-C, Class A4, 28-day ARS, 3.584%, 9/15/2032(c)		950,598
13,765,000	SoFi Consumer Loan Program Trust, Series 2019-1, Class C, 3.730%, 2/25/2028, 144A(a)		13,934,943
1,626,135	SoFi Consumer Loan Program Trust, Series 2018-1, Class B, 3.650%, 2/25/2027, 144A(a)		1,642,574
5,282,325	SoFi Consumer Loan Program Trust, Series 2018-4, Class C, 4.170%, 11/26/2027, 144A(a)		5,357,215
6,805,000	SoFi Consumer Loan Program Trust, Series 2019-2, Class C, 3.460%, 4/25/2028, 144A(a)		6,930,352
12,755,000	SoFi Consumer Loan Program Trust, Series 2019-3, Class C, 3.350%, 5/25/2028, 144A(a)		12,994,443
7,370,000	SoFi Consumer Loan Program Trust, Series 2019-4, Class C, 2.840%, 8/25/2028, 144A(a)		7,542,804
6,139,465	Textainer Marine Containers VII Ltd., Series 2021-1A, Class A, 1.680%, 2/20/2046, 144A		6,044,707
6,467,633	TIF Funding II LLC, Series 2021-1A, Class A, 1.650%, 2/20/2046, 144A		6,326,961
12,998,063	Triton Container Finance VIII LLC, Series 2021-1A, Class A, 1.860%, 3/20/2046, 144A		12,879,594
			178,753,241
	ABS Student Loan – 1.0%
745,000	College Ave Student Loans LLC, Series 2021-A, Class C, 2.920%, 7/25/2051, 144A		750,385
4,388,090	Commonbond Student Loan Trust, Series 2020-1, Class A, 1.690%, 10/25/2051, 144A(a)		4,357,746
2,849,581	EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021-A, Class A, 1.800%, 11/25/2045, 144A(a)		2,839,072
4,836,347	ELFI Graduate Loan Program LLC, Series 2019-A, Class A, 2.540%, 3/25/2044, 144A(a)		4,904,501
7,856,295	Laurel Road Prime Student Loan Trust, Series 2020-A, Class A2FX, 1.400%, 11/25/2050, 144A(a)		7,866,175
1,459,978	Navient Private Education Refi Loan Trust, Series 2020-HA, Class A, 1.310%, 1/15/2069, 144A(a)		1,469,773
5,182,498	Navient Private Education Refi Loan Trust, Series 2021-A, Class A, 0.840%, 5/15/2069, 144A(a)		5,174,936

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	ABS Student Loan – continued
$          560,000	Navient Private Education Refi Loan Trust, Series 2021-A, Class B, 2.240%, 5/15/2069, 144A	$	558,952
4,790,000	Navient Private Education Refi Loan Trust, Series 2021-FA, Class B, 2.120%, 2/18/2070, 144A		4,696,844
498,000	SLM Private Credit Student Loan Trust, Series 2003-A, Class A3, 28-day ARS, 3.585%, 6/15/2032(c)		498,183
381,000	SLM Private Credit Student Loan Trust, Series 2003-A, Class A4, 28-day ARS, 3.582%, 6/15/2032(c)		381,140
752,000	SLM Private Credit Student Loan Trust, Series 2003-B, Class A3, 28-day ARS, 3.586%, 3/15/2033(c)		752,373
507,000	SLM Private Credit Student Loan Trust, Series 2003-B, Class A4, 28-day ARS, 3.583%, 3/15/2033(c)		507,252
2,500,000	SMB Private Education Loan Trust, Series 2015-C, Class B, 3.500%, 9/15/2043, 144A		2,606,251
565,000	SMB Private Education Loan Trust, Series 2018-B, Class B, 4.000%, 7/15/2042, 144A		611,463
1,525,000	SMB Private Education Loan Trust, Series 2018-C, Class B, 4.000%, 11/17/2042, 144A		1,616,988
8,157,979	SMB Private Education Loan Trust, Series 2019-A, Class A2A, 3.440%, 7/15/2036, 144A(a)		8,508,231
13,428,269	SMB Private Education Loan Trust, Series 2019-B, Class A2A, 2.840%, 6/15/2037, 144A(a)		13,960,759
1,100,000	SMB Private Education Loan Trust, Series 2020-A, Class A2A, 2.230%, 9/15/2037, 144A(a)		1,126,873
			63,187,897
	ABS Whole Business – 1.2%
9,714,946	Adams Outdoor Advertising LP, Series 2018-1, Class A, 4.810%, 11/15/2048, 144A		10,222,601
3,595,000	Adams Outdoor Advertising LP, Series 2018-1, Class B, 5.653%, 11/15/2048, 144A		3,724,644
7,151,060	DB Master Finance LLC, Series 2019-1A, Class A23, 4.352%, 5/20/2049, 144A		7,768,282
2,882,455	Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118%, 7/25/2047, 144A		3,094,013
5,164,948	Domino’s Pizza Master Issuer LLC, Series 2018-1A, Class A2II, 4.328%, 7/25/2048, 144A		5,578,293
4,053,275	Domino’s Pizza Master Issuer LLC, Series 2019-1A, Class A2, 3.668%, 10/25/2049, 144A		4,355,357
15,431,325	Domino’s Pizza Master Issuer LLC, Series 2021-1A, Class A21, 2.662%, 4/25/2051, 144A		15,869,822
104,213	Hardee’s Funding LLC, Series 2020-1A, Class A2, 3.981%, 12/20/2050, 144A		111,047
1,659,443	Planet Fitness Master Issuer LLC, Series 2019-1A, Class A2, 3.858%, 12/05/2049, 144A		1,686,696
17,271,975	Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.540%, 2/25/2044, 144A		18,163,820
2,478,438	Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.884%, 3/15/2048, 144A		2,619,200
2,019,850	Wingstop Funding LLC, Series 2020-1A, Class A2, 2.841%, 12/05/2050, 144A		2,077,595
			75,271,370

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Aerospace & Defense – 3.1%
$     13,620,000	BAE Systems PLC, 3.400%, 4/15/2030, 144A	$	14,701,500
29,500,000	Boeing Co. (The), 2.196%, 2/04/2026		29,717,468
3,780,000	Boeing Co. (The), 2.250%, 6/15/2026		3,842,220
4,874,000	Boeing Co. (The), 2.950%, 2/01/2030		4,969,542
655,000	Boeing Co. (The), 3.100%, 5/01/2026		692,318
3,225,000	Boeing Co. (The), 3.200%, 3/01/2029		3,355,942
9,088,000	Boeing Co. (The), 3.375%, 6/15/2046		8,750,926
3,564,000	Boeing Co. (The), 3.625%, 3/01/2048		3,498,932
14,352,000	Boeing Co. (The), 3.750%, 2/01/2050		14,550,775
1,932,000	Boeing Co. (The), 3.825%, 3/01/2059		1,895,217
3,241,000	Boeing Co. (The), 3.850%, 11/01/2048		3,302,355
7,330,000	Boeing Co. (The), 3.900%, 5/01/2049		7,545,506
1,165,000	Boeing Co. (The), 3.950%, 8/01/2059		1,195,636
4,740,000	Boeing Co. (The), 5.150%, 5/01/2030		5,563,291
32,173,000	Boeing Co. (The), 5.805%, 5/01/2050		42,885,655
4,465,000	Embraer Netherlands Finance BV, 5.050%, 6/15/2025		4,699,412
4,350,000	Embraer Netherlands Finance BV, 5.400%, 2/01/2027		4,627,356
6,885,000	Huntington Ingalls Industries, Inc., 3.844%, 5/01/2025		7,456,917
4,245,000	Huntington Ingalls Industries, Inc., 4.200%, 5/01/2030		4,791,398
650,000	Leonardo U.S. Holdings, Inc., 7.375%, 7/15/2039		849,238
1,335,000	Spirit AeroSystems, Inc., 4.600%, 6/15/2028		1,324,988
29,075,000	Textron, Inc., 3.000%, 6/01/2030		30,551,747
			200,768,339
	Airlines – 0.9%
1,662,407	American Airlines Pass Through Trust, Series 2015-2, Class B, 4.400%, 3/22/2025		1,633,365
5,946,696	American Airlines Pass Through Trust, Series 2016-1, Class B, 5.250%, 7/15/2025		5,869,568

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Airlines – continued
$     12,350,471	American Airlines Pass Through Trust, Series 2016-3, Class A, 3.250%, 4/15/2030	$	11,930,905
1,415,848	American Airlines Pass Through Trust, Series 2016-3, Class B, 3.750%, 4/15/2027		1,363,150
5,314,777	American Airlines Pass Through Trust, Series 2017-2, Class A, 3.600%, 4/15/2031		5,223,499
3,106,502	American Airlines Pass Through Trust, Series 2017-2, Class B, 3.700%, 4/15/2027		3,002,546
17,991,899	American Airlines Pass Through Trust, Series 2019-1, Class B, 3.850%, 8/15/2029		17,165,172
5,947,798	British Airways Pass Through Trust, Series 2019-1, Class A, 3.350%, 12/15/2030, 144A		5,964,511
2,442,941	United Airlines Pass Through Trust, Series 2018-1, Class A, 3.700%, 9/01/2031		2,473,338
1,030,000	United Airlines, Inc., 4.375%, 4/15/2026, 144A		1,057,037
1,540,000	United Airlines, Inc., 4.625%, 4/15/2029, 144A		1,591,513
			57,274,604
	Automotive – 1.9%
25,580,000	American Honda Finance Corp., MTN, 0.550%, 7/12/2024		25,433,867
5,274,000	Cummins, Inc., 6.750%, 2/15/2027		6,607,063
9,966,000	General Motors Co., 5.200%, 4/01/2045		12,136,047
27,915,000	General Motors Co., 5.400%, 4/01/2048		34,613,387
205,000	General Motors Co., 5.950%, 4/01/2049		270,174
9,600,000	General Motors Co., 6.250%, 10/02/2043		12,930,695
24,360,000	Volkswagen Group of America Finance LLC, 0.875%, 11/22/2023, 144A		24,482,152
2,895,000	Volkswagen Group of America Finance LLC, 3.350%, 5/13/2025, 144A		3,095,073
			119,568,458
	Banking – 9.1%
300,000	Ally Financial, Inc., 3.875%, 5/21/2024		322,716
39,613,000	Ally Financial, Inc., 4.625%, 3/30/2025		43,995,513
2,835,000	Ally Financial, Inc., 5.750%, 11/20/2025		3,241,676
1,468,000	Ally Financial, Inc., 8.000%, 11/01/2031		2,082,607
10,155,000	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander, 5.375%, 4/17/2025, 144A		11,350,243

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Banking – continued
$       5,800,000	Banco Santander S.A., 2.749%, 12/03/2030	$	5,771,261
49,304,000	Bank of America Corp., (fixed rate to 12/20/2027, variable rate thereafter), 3.419%, 12/20/2028		53,437,528
100,000	Bank of America Corp., MTN, 4.250%, 10/22/2026		112,559
25,627,000	Bank of America Corp., Series L, MTN, 4.183%, 11/25/2027		28,567,794
4,287,000	Barclays PLC, (fixed rate to 6/20/2029, variable rate thereafter), 5.088%, 6/20/2030		4,946,675
18,255,000	Barclays PLC, (fixed rate to 9/23/2030, variable rate thereafter), 3.564%, 9/23/2035		18,939,084
3,335,000	BBVA Bancomer S.A., 1.875%, 9/18/2025, 144A		3,353,176
22,500,000	BNP Paribas S.A., (fixed rate to 3/01/2028, variable rate thereafter), 4.375%, 3/01/2033, 144A		24,667,207
460,000	Capital One Financial Corp., 4.200%, 10/29/2025		509,825
1,230,000	Citigroup, Inc., 4.125%, 7/25/2028		1,372,978
7,155,000	Credit Agricole S.A., (fixed rate to 1/10/2028, variable rate thereafter), 4.000%, 1/10/2033, 144A		7,721,891
15,615,000	Credit Suisse AG, 0.495%, 2/02/2024		15,563,002
14,200,000	Danske Bank A/S, 5.375%, 1/12/2024, 144A		15,584,534
3,390,000	Danske Bank A/S, (fixed rate to 12/20/2024, variable rate thereafter), 3.244%, 12/20/2025, 144A		3,601,394
2,190,000	Deutsche Bank AG, (fixed rate to 1/14/2031, variable rate thereafter), 3.729%, 1/14/2032		2,261,141
2,640,000	Deutsche Bank AG, (fixed rate to 12/01/2027, variable rate thereafter), 4.875%, 12/01/2032		2,903,402
6,155,000	Deutsche Bank AG, (fixed rate to 5/28/2031, variable rate thereafter), 3.035%, 5/28/2032		6,244,914
9,260,000	Deutsche Bank AG, (fixed rate to 9/18/2023, variable rate thereafter), 2.222%, 9/18/2024		9,491,420
6,235,000	Deutsche Bank AG, (fixed rate to 9/18/2030, variable rate thereafter), 3.547%, 9/18/2031		6,653,502
23,870,000	Goldman Sachs Group, Inc. (The), Series FXD, 0.481%, 1/27/2023		23,873,871
70,245,000	JPMorgan Chase & Co., 4.125%, 12/15/2026		78,977,273
28,715,000	JPMorgan Chase & Co., (fixed rate to 3/24/2030, variable rate thereafter), 4.493%, 3/24/2031		33,506,854
12,025,000	JPMorgan Chase & Co., (fixed rate to 4/22/2026, variable rate thereafter), 1.578%, 4/22/2027		12,049,387
100,000	KeyBank NA, 6.950%, 2/01/2028		128,012
30,210,000	Morgan Stanley, (fixed rate to 1/25/2023, variable rate thereafter), MTN, 0.529%, 1/25/2024		30,231,758
1,845,000	Morgan Stanley, GMTN, 4.350%, 9/08/2026		2,082,469

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Banking – continued
$     20,695,000	Morgan Stanley, MTN, 4.100%, 5/22/2023	$	21,849,944
25,560,000	Nationwide Building Society, 0.550%, 1/22/2024, 144A		25,468,751
15,160,000	Santander Holdings USA, Inc., 3.244%, 10/05/2026		16,194,246
20,295,000	Societe Generale S.A., 4.250%, 4/14/2025, 144A		21,933,009
11,950,000	Societe Generale S.A., (fixed rate to 7/08/2030, variable rate thereafter), 3.653%, 7/08/2035, 144A		12,383,460
16,790,000	Standard Chartered PLC, (fixed rate to 11/18/2030, variable rate thereafter), 3.265%, 2/18/2036, 144A		16,657,409
7,090,000	Standard Chartered PLC, (fixed rate to 4/01/2030, variable rate thereafter), 4.644%, 4/01/2031, 144A		8,178,315
3,865,000	Synchrony Financial, 4.375%, 3/19/2024		4,170,912
			580,381,712
	Brokerage – 0.8%
19,498,000	Jefferies Group LLC, 6.250%, 1/15/2036		26,190,782
8,760,000	Jefferies Group LLC, 6.450%, 6/08/2027		10,915,891
13,940,000	Owl Rock Technology Finance Corp., 2.500%, 1/15/2027		13,994,032
			51,100,705
	Building Materials – 1.5%
33,030,000	Cemex SAB de CV, 3.875%, 7/11/2031, 144A		33,049,818
16,180,000	Cemex SAB de CV, 5.200%, 9/17/2030, 144A		17,378,129
5,955,000	Cemex SAB de CV, 5.450%, 11/19/2029, 144A		6,453,731
3,285,000	Ferguson Finance PLC, 3.250%, 6/02/2030, 144A		3,509,912
23,975,000	Owens Corning, 7.000%, 12/01/2036		34,478,007
2,655,000	Vulcan Materials Co., 3.500%, 6/01/2030		2,914,659
			97,784,256
	Cable Satellite – 2.2%
9,425,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A		9,586,733
1,905,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 1/15/2034, 144A		1,887,141
2,826,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 8/15/2030, 144A		2,915,641
315,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.500%, 5/01/2032		324,450

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Cable Satellite – continued
$          550,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.375%, 6/01/2029, 144A	$	594,000
25,020,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 3.950%, 6/30/2062		24,136,550
13,450,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.400%, 12/01/2061		13,987,462
30,810,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.800%, 3/01/2050		34,575,145
6,695,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.750%, 4/01/2048		8,457,745
240,000	CSC Holdings LLC, 5.750%, 1/15/2030, 144A		244,014
2,360,000	CSC Holdings LLC, 6.500%, 2/01/2029, 144A		2,555,762
2,416,000	Sirius XM Radio, Inc., 5.000%, 8/01/2027, 144A		2,524,720
200,000	Sirius XM Radio, Inc., 5.500%, 7/01/2029, 144A		216,250
17,891,000	Time Warner Cable LLC, 4.500%, 9/15/2042		19,578,858
15,815,000	Time Warner Cable LLC, 5.500%, 9/01/2041		19,382,730
1,421,000	Ziggo BV, 5.500%, 1/15/2027, 144A		1,468,959
			142,436,160
	Chemicals – 1.3%
4,330,000	Alpek SAB de CV, 3.250%, 2/25/2031, 144A		4,373,343
9,180,000	Braskem Netherlands Finance BV, 4.500%, 1/31/2030, 144A		9,767,520
6,060,000	Braskem Netherlands Finance BV, 5.875%, 1/31/2050, 144A		6,893,250
27,205,000	CF Industries, Inc., 4.500%, 12/01/2026, 144A		31,018,256
3,740,000	FMC Corp., 3.450%, 10/01/2029		4,036,274
2,075,000	FMC Corp., 4.500%, 10/01/2049		2,442,171
8,145,000	LYB International Finance III LLC, 4.200%, 10/15/2049		9,269,327
12,285,000	Orbia Advance Corp. SAB de CV, 2.875%, 5/11/2031, 144A		12,376,400
			80,176,541
	Consumer Cyclical Services – 1.3%
16,000,000	Booking Holdings, Inc., 4.625%, 4/13/2030		19,018,253

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Consumer Cyclical Services – continued
$       5,765,000	Expedia Group, Inc., 2.950%, 3/15/2031	$	5,825,878
30,201,000	Expedia Group, Inc., 3.250%, 2/15/2030		31,234,014
4,928,000	Expedia Group, Inc., 3.800%, 2/15/2028		5,348,496
3,970,000	Expedia Group, Inc., 4.625%, 8/01/2027		4,500,709
1,025,000	Uber Technologies, Inc., 4.500%, 8/15/2029, 144A		1,032,047
8,430,000	Uber Technologies, Inc., 6.250%, 1/15/2028, 144A		9,041,091
5,015,000	Uber Technologies, Inc., 7.500%, 9/15/2027, 144A		5,475,753
			81,476,241
	Consumer Products – 0.3%
7,458,000	Hasbro, Inc., 6.600%, 7/15/2028		9,219,578
4,580,000	Kimberly-Clark de Mexico SAB de CV, 2.431%, 7/01/2031, 144A		4,564,886
6,970,000	Natura Cosmeticos S.A., 4.125%, 5/03/2028, 144A		7,055,383
			20,839,847
	Diversified Manufacturing – 0.4%
13,920,000	Carrier Global Corp., 2.722%, 2/15/2030		14,401,085
6,010,000	General Electric Co., 3.625%, 5/01/2030		6,678,297
5,305,000	General Electric Co., Series A, MTN, 3-month LIBOR + 0.300%, 0.426%, 5/13/2024(c)		5,277,250
			26,356,632
	Electric – 2.2%
7,435,000	AES Corp. (The), 2.450%, 1/15/2031		7,332,719
3,695,000	AES Corp. (The), 3.950%, 7/15/2030, 144A		4,063,096
16,043,935	Alta Wind Holdings LLC, 7.000%, 6/30/2035, 144A		18,841,920
14,855,000	Calpine Corp., 3.750%, 3/01/2031, 144A		14,297,938
13,025,000	Enel Finance International NV, 6.000%, 10/07/2039, 144A		17,978,867
9,007,000	Enel Finance International NV, 6.800%, 9/15/2037, 144A		13,299,644
2,355,000	IPALCO Enterprises, Inc., 4.250%, 5/01/2030		2,641,677
9,641,000	NRG Energy, Inc., 4.450%, 6/15/2029, 144A		10,666,722

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Electric – continued
$       1,435,000	NRG Energy, Inc., 5.250%, 6/15/2029, 144A	$	1,526,481
4,437,000	NRG Energy, Inc., 5.750%, 1/15/2028		4,719,859
6,185,000	Pacific Gas & Electric Co., 3.250%, 6/01/2031		6,162,526
8,915,000	Pacific Gas & Electric Co., 3.500%, 8/01/2050		8,107,615
10,400,000	Pacific Gas & Electric Co., 4.300%, 3/15/2045		10,260,542
1,250,000	Pacific Gas & Electric Co., 4.950%, 7/01/2050		1,329,838
2,970,000	Southern California Edison Co., 3.650%, 2/01/2050		3,034,316
850,000	Southern California Edison Co., 4.000%, 4/01/2047		911,494
1,060,000	Southern California Edison Co., Series C, 4.125%, 3/01/2048		1,155,037
10,835,000	Vistra Operations Co. LLC, 3.700%, 1/30/2027, 144A		11,426,475
			137,756,766
	Finance Companies – 3.7%
860,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.650%, 7/21/2027		913,515
23,900,000	Air Lease Corp., 3.125%, 12/01/2030		24,484,606
2,235,000	Air Lease Corp., 3.250%, 10/01/2029		2,325,204
10,270,000	Air Lease Corp., 3.375%, 7/01/2025		10,906,256
345,000	Air Lease Corp., 4.625%, 10/01/2028		387,512
8,426,000	Air Lease Corp., MTN, 3.000%, 2/01/2030		8,549,911
12,430,000	Aircastle Ltd., 4.125%, 5/01/2024		13,222,138
8,070,000	Aircastle Ltd., 4.400%, 9/25/2023		8,593,519
8,160,000	Aircastle Ltd., 5.000%, 4/01/2023		8,668,640
6,700,000	Antares Holdings LP, 6.000%, 8/15/2023, 144A		7,248,221
24,045,000	Ares Capital Corp., 2.875%, 6/15/2028		24,358,029
3,865,000	Aviation Capital Group LLC, 1.950%, 1/30/2026, 144A		3,851,038
7,510,000	Aviation Capital Group LLC, 5.500%, 12/15/2024, 144A		8,416,916
14,275,000	GE Capital Funding LLC, 4.400%, 5/15/2030		16,540,723

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Finance Companies – continued
$       7,675,000	GE Capital Funding LLC, 4.550%, 5/15/2032	$	9,088,857
3,460,000	GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/2035		4,152,181
3,425,000	Navient Corp., 5.000%, 3/15/2027		3,527,750
50,000	Navient Corp., 5.875%, 10/25/2024		53,375
35,000	Navient Corp., 6.500%, 6/15/2022		36,138
145,000	Navient Corp., 6.750%, 6/15/2026		160,026
370,000	Navient Corp., 7.250%, 9/25/2023		403,492
20,000	Navient Corp., MTN, 6.125%, 3/25/2024		21,415
7,855,000	Oaktree Specialty Lending Corp., 2.700%, 1/15/2027		7,879,939
12,150,000	Owl Rock Capital Corp., 2.625%, 1/15/2027		12,171,448
12,290,000	Owl Rock Capital Corp., 2.875%, 6/11/2028		12,267,061
7,805,000	Rocket Mortgage LLC, 5.250%, 1/15/2028, 144A		8,409,887
13,705,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/2026, 144A		13,392,526
7,445,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.625%, 3/01/2029, 144A		7,528,756
12,475,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031, 144A		12,584,156
9,140,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.000%, 10/15/2033, 144A		9,071,450
			239,214,685
	Financial Other – 0.7%
27,825,000	Blackstone Secured Lending Fund, 2.125%, 2/15/2027, 144A		27,513,641
2,310,000	CIFI Holdings Group Co. Ltd., 6.000%, 7/16/2025		2,300,081
720,000	CIFI Holdings Group Co. Ltd., 6.450%, 11/07/2024		719,179
6,220,000	Country Garden Holdings Co. Ltd., 3.300%, 1/12/2031		5,669,525
1,110,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.375%, 2/01/2029		1,108,613
3,330,000	Shimao Group Holdings Ltd., 3.450%, 1/11/2031		2,965,097
3,555,000	Shimao Group Holdings Ltd., 5.600%, 7/15/2026		3,511,029
			43,787,165

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Food & Beverage – 1.7%
$       2,040,000	Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.900%, 2/01/2046	$	2,507,598
14,470,000	Anheuser-Busch InBev Worldwide, Inc., 4.500%, 6/01/2050		17,273,152
6,002,000	Anheuser-Busch InBev Worldwide, Inc., 4.600%, 4/15/2048		7,165,335
15,285,000	Fomento Economico Mexicano SAB de CV, 3.500%, 1/16/2050		15,991,626
4,910,000	JBS USA LUX S.A./JBS USA Finance, Inc., 6.750%, 2/15/2028, 144A		5,321,262
3,625,000	JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.750%, 12/01/2031, 144A		3,771,921
10,660,000	JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.500%, 1/15/2030, 144A		11,856,265
26,540,000	Kraft Heinz Foods Co., 4.375%, 6/01/2046		30,281,875
6,470,000	NBM U.S Holdings, Inc., 7.000%, 5/14/2026, 144A		6,884,080
7,150,000	Pilgrim’s Pride Corp., 3.500%, 3/01/2032, 144A		7,272,408
1,920,000	Smithfield Foods, Inc., 3.000%, 10/15/2030, 144A		1,932,567
			110,258,089
	Gaming – 0.2%
14,625,000	Genm Capital Labuan Ltd., 3.882%, 4/19/2031, 144A		14,471,943
	Government Owned - No Guarantee – 0.8%
8,755,000	Antares Holdings LP, 2.750%, 1/15/2027, 144A		8,762,921
4,000,000	Empresa de los Ferrocarriles del Estado, 3.068%, 8/18/2050, 144A		3,520,800
11,710,000	Indian Railway Finance Corp. Ltd., 2.800%, 2/10/2031, 144A		11,309,050
20,145,000	Saudi Arabian Oil Co., 3.250%, 11/24/2050, 144A		19,189,724
2,185,000	Sino-Ocean Land Treasure IV Ltd., 4.750%, 8/05/2029		2,068,860
4,210,000	Sino-Ocean Land Treasure IV Ltd., 4.750%, 1/14/2030		3,929,486
			48,780,841
	Health Insurance – 0.4%
19,320,000	Centene Corp., 2.500%, 3/01/2031		19,054,350
4,145,000	Centene Corp., 2.625%, 8/01/2031		4,116,980
2,520,000	Centene Corp., 3.000%, 10/15/2030		2,583,000

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Health Insurance – continued
$          565,000	Centene Corp., 4.625%, 12/15/2029	$	615,737
			26,370,067
	Healthcare – 1.5%
19,420,000	Cigna Corp., 4.375%, 10/15/2028		22,442,037
1,261,000	Cigna Corp., 7.875%, 5/15/2027		1,678,191
7,210,000	CVS Health Corp., 3.250%, 8/15/2029		7,749,596
685,000	Encompass Health Corp., 4.750%, 2/01/2030		720,449
2,671,000	HCA, Inc., 3.500%, 9/01/2030		2,829,631
8,810,000	HCA, Inc., 4.125%, 6/15/2029		9,840,963
16,050,000	HCA, Inc., 4.500%, 2/15/2027		18,067,586
26,680,000	HCA, Inc., 5.250%, 6/15/2049		34,053,001
			97,381,454
	Home Construction – 0.4%
2,450,000	Lennar Corp., 4.750%, 11/29/2027		2,838,815
560,000	Lennar Corp., 4.875%, 12/15/2023		604,117
55,000	Lennar Corp., 5.000%, 6/15/2027		63,767
660,000	Logan Group Co. Ltd., 4.250%, 7/12/2025		623,755
2,420,000	Logan Group Co. Ltd., 4.850%, 12/14/2026		2,268,769
12,384,000	MDC Holdings, Inc., 6.000%, 1/15/2043		15,591,456
6,130,000	Meritage Homes Corp., 3.875%, 4/15/2029, 144A		6,436,500
			28,427,179
	Independent Energy – 1.7%
3,195,000	Aker BP ASA, 3.000%, 1/15/2025, 144A		3,363,354
9,925,000	Aker BP ASA, 3.750%, 1/15/2030, 144A		10,626,166
16,455,000	Aker BP ASA, 4.000%, 1/15/2031, 144A		17,898,129
9,310,000	Continental Resources, Inc., 3.800%, 6/01/2024		9,782,948
4,685,000	Diamondback Energy, Inc., 3.125%, 3/24/2031		4,864,745

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Independent Energy – continued
$       6,910,000	Energean Israel Finance Ltd., 5.375%, 3/30/2028, 144A	$	7,071,763
9,035,000	Energean Israel Finance Ltd., 5.875%, 3/30/2031, 144A		9,280,300
925,000	EQT Corp., 3.125%, 5/15/2026, 144A		948,236
1,970,000	EQT Corp., 3.625%, 5/15/2031, 144A		2,052,740
10,475,000	Hess Corp., 4.300%, 4/01/2027		11,634,161
4,675,000	Leviathan Bond Ltd., 6.125%, 6/30/2025, 144A		5,076,302
10,085,000	Lundin Energy Finance BV, 2.000%, 7/15/2026, 144A		10,145,841
7,360,000	Lundin Energy Finance BV, 3.100%, 7/15/2031, 144A		7,462,639
6,090,000	Occidental Petroleum Corp., 5.550%, 3/15/2026		6,759,900
			106,967,224
	Leisure – 0.1%
1,985,000	NCL Corp. Ltd., 5.875%, 3/15/2026, 144A		2,034,625
2,750,000	Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028, 144A		2,812,725
			4,847,350
	Life Insurance – 3.4%
11,800,000	Athene Global Funding, 1.608%, 6/29/2026, 144A		11,791,450
21,550,000	Athene Global Funding, 2.550%, 11/19/2030, 144A		21,582,443
7,385,000	Athene Holding Ltd., 3.500%, 1/15/2031		7,907,100
8,255,000	CNO Financial Group, Inc., 5.250%, 5/30/2029		9,698,965
19,600,000	Fidelity & Guaranty Life Holdings, Inc., 5.500%, 5/01/2025, 144A		22,269,000
30,030,000	Metropolitan Life Global Funding I, 3.375%, 1/11/2022, 144A		30,291,732
9,063,000	Mutual of Omaha Insurance Co., 6.800%, 6/15/2036, 144A		12,204,998
26,914,000	National Life Insurance Co., 10.500%, 9/15/2039, 144A(d)(e)		43,857,709
23,335,000	New York Life Global Funding, 0.850%, 1/15/2026, 144A(a)		22,994,872
6,440,000	NLV Financial Corp., 7.500%, 8/15/2033, 144A(d)(e)		8,436,336
2,872,000	Penn Mutual Life Insurance Co. (The), 6.650%, 6/15/2034, 144A		3,760,683

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Life Insurance – continued
$     14,489,000	Penn Mutual Life Insurance Co. (The), 7.625%, 6/15/2040, 144A	$	21,665,309
			216,460,597
	Local Authorities – 0.2%
14,455,000	Province of Quebec Canada, 0.600%, 7/23/2025(a)		14,306,469
	Lodging – 0.1%
1,795,000	Marriott International, Inc., Series FF, 4.625%, 6/15/2030		2,050,722
3,525,000	Marriott International, Inc., Series HH, 2.850%, 4/15/2031		3,570,055
975,000	Marriott Ownership Resorts, Inc., 4.500%, 6/15/2029, 144A		987,187
1,610,000	Travel & Leisure Co., 4.625%, 3/01/2030, 144A		1,654,275
205,000	Travel & Leisure Co., 6.000%, 4/01/2027		227,186
235,000	Travel & Leisure Co., 6.625%, 7/31/2026, 144A		267,611
			8,757,036
	Media Entertainment – 1.0%
2,610,000	iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A		2,689,605
3,925,000	iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A		4,078,310
1,530,000	iHeartCommunications, Inc., 6.375%, 5/01/2026		1,614,380
4,640,000	iHeartCommunications, Inc., 8.375%, 5/01/2027		4,959,000
2,080,000	Netflix, Inc., 4.875%, 4/15/2028		2,397,200
8,410,000	Netflix, Inc., 4.875%, 6/15/2030, 144A		9,902,775
1,745,000	Netflix, Inc., 5.375%, 11/15/2029, 144A		2,113,631
2,375,000	Netflix, Inc., 5.875%, 11/15/2028		2,910,325
2,795,000	Netflix, Inc., 6.375%, 5/15/2029		3,535,675
2,700,000	ViacomCBS, Inc., 4.200%, 6/01/2029		3,076,396
3,010,000	ViacomCBS, Inc., 4.200%, 5/19/2032		3,443,061
18,215,000	ViacomCBS, Inc., 4.950%, 1/15/2031		21,760,584
			62,480,942

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Metals & Mining – 3.0%
$          550,000	Anglo American Capital PLC, 2.625%, 9/10/2030, 144A	$	546,321
1,325,000	Anglo American Capital PLC, 2.875%, 3/17/2031, 144A		1,329,505
6,260,000	Anglo American Capital PLC, 4.000%, 9/11/2027, 144A		6,899,302
34,334,000	Anglo American Capital PLC, 4.500%, 3/15/2028, 144A		38,715,896
8,785,000	Anglo American Capital PLC, 4.750%, 4/10/2027, 144A		9,998,197
3,130,000	Antofagasta PLC, 2.375%, 10/14/2030, 144A		3,020,481
11,405,000	ArcelorMittal S.A., 6.750%, 3/01/2041		15,674,747
5,890,000	First Quantum Minerals Ltd., 6.875%, 10/15/2027, 144A		6,228,675
6,325,000	FMG Resources August 2006 Pty Ltd., 4.375%, 4/01/2031, 144A		6,535,939
2,930,000	Freeport-McMoRan, Inc., 4.375%, 8/01/2028		3,065,513
1,975,000	Freeport-McMoRan, Inc., 4.625%, 8/01/2030		2,135,469
6,175,000	Freeport-McMoRan, Inc., 5.400%, 11/14/2034		7,417,719
1,770,000	Freeport-McMoRan, Inc., 5.450%, 3/15/2043		2,179,313
7,688,000	Glencore Funding LLC, 3.875%, 10/27/2027, 144A		8,399,986
39,092,000	Glencore Funding LLC, 4.000%, 3/27/2027, 144A		42,990,824
11,700,000	Glencore Funding LLC, 4.125%, 3/12/2024, 144A		12,534,749
4,280,000	Newcrest Finance Pty Ltd., 3.250%, 5/13/2030, 144A		4,548,508
1,855,000	Reliance Steel & Aluminum Co., 2.150%, 8/15/2030		1,813,576
395,000	Steel Dynamics, Inc., 3.250%, 1/15/2031		423,087
14,125,000	Steel Dynamics, Inc., 3.450%, 4/15/2030		15,189,987
2,010,000	Volcan Cia Minera SAA, 4.375%, 2/11/2026, 144A		1,956,735
			191,604,529
	Midstream – 2.1%
22,495,000	Cheniere Corpus Christi Holdings LLC, 3.700%, 11/15/2029		24,411,568
650,000	DCP Midstream Operating LP, 6.450%, 11/03/2036, 144A		807,677
7,000,000	Energy Transfer LP, 4.950%, 6/15/2028		8,031,520

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Midstream – continued
$       6,405,000	Energy Transfer LP, 5.250%, 4/15/2029	$	7,507,750
15,380,000	Galaxy Pipeline Assets Bidco Ltd., 2.940%, 9/30/2040, 144A(a)		15,347,931
1,435,000	Gray Oak Pipeline LLC, 3.450%, 10/15/2027, 144A		1,512,601
14,660,000	Kinder Morgan Energy Partners LP, 3.500%, 9/01/2023		15,372,112
85,000	Kinder Morgan Energy Partners LP, 5.000%, 8/15/2042		100,124
375,000	Kinder Morgan, Inc., 5.050%, 2/15/2046		453,574
14,040,000	MPLX LP, 4.250%, 12/01/2027		15,775,447
85,000	NGPL PipeCo LLC, 7.768%, 12/15/2037, 144A		121,815
225,000	Plains All American Pipeline LP/PAA Finance Corp., 2.850%, 1/31/2023		229,989
3,710,000	Plains All American Pipeline LP/PAA Finance Corp., 3.800%, 9/15/2030		3,960,775
7,365,000	Plains All American Pipeline LP/PAA Finance Corp., 4.300%, 1/31/2043		7,562,727
7,825,000	Plains All American Pipeline LP/PAA Finance Corp., 4.700%, 6/15/2044		8,397,791
620,000	Plains All American Pipeline LP/PAA Finance Corp., 4.900%, 2/15/2045		668,166
12,445,000	Sabine Pass Liquefaction LLC, 4.500%, 5/15/2030		14,344,231
8,405,000	Williams Cos., Inc. (The), 3.350%, 8/15/2022		8,557,702
			133,163,500
	Mortgage Related – 0.0%
949	FNMA, 6.000%, 7/01/2029		1,082
	Non-Agency Commercial Mortgage-Backed Securities – 1.4%
8,625,000	BANK, Series 2021-BN35, Class AS, 2.457%, 6/15/2064		8,633,168
410,000	BBSG Mortgage Trust, Series 2016-MRP, Class A, 3.275%, 6/05/2036, 144A		422,244
1,410,000	Commercial Mortgage Pass Through Certificates, Series 2012-CR3, Class AM, 3.416%, 10/15/2045, 144A		1,413,849
785,000	Commercial Mortgage Pass Through Certificates, Series 2012-LTRT, Class A2, 3.400%, 10/05/2030, 144A		781,089
1,325,000	Commercial Mortgage Trust, Series 2012-LC4, Class B, 4.934%, 12/10/2044(b)		1,326,691
2,010,000	Commercial Mortgage Trust, Series 2012-LC4, Class C, 5.700%, 12/10/2044(b)		1,884,626
2,564,000	Credit Suisse Commercial Mortgage Securities Corp., Series 2019-SKLZ, Class D, 1-month LIBOR + 3.600%, 3.684%, 1/15/2034, 144A(c)		2,532,813

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Non-Agency Commercial Mortgage-Backed Securities – continued
$          370,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class B, 4.185%, 9/15/2037, 144A	$	375,963
510,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class C, 4.336%, 9/15/2037, 144A		500,037
12,790,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class D, 4.373%, 9/15/2037, 144A		12,171,407
5,095,000	DBUBS Mortgage Trust, Series 2017-BRBK, Class D, 3.648%, 10/10/2034, 144A(b)		5,265,619
9,406,000	GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class D, 3.668%, 3/05/2033, 144A(b)		8,070,999
2,390,000	GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class A, 3.668%, 3/05/2033, 144A(b)		2,483,785
6,079,000	GS Mortgage Securities Trust, Series 2014-GC18, Class B, 4.885%, 1/10/2047(b)		6,024,351
6,478,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class C, 4.508%, 12/15/2047, 144A(b)		6,578,147
340,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class D, 4.508%, 12/15/2047, 144A(b)		333,791
945,000	Morgan Stanley Bank of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2012-CKSV, Class A2, 3.277%, 10/15/2030, 144A		940,525
1,405,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class C, 4.922%, 10/15/2046(b)		1,409,922
5,050,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.297%, 8/15/2046(b)		5,318,514
3,456,000	Morgan Stanley Capital I Trust, Series 2011-C2, Class E, 5.385%, 6/15/2044, 144A(b)(d)(e)		2,846,393
525,000	Motel Trust, Series 2021-MTL6, Class C, 1-month LIBOR + 1.500%, 1.600%, 9/15/2038, 144A(c)		526,163
965,000	UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class BEC, 4.971%, 5/10/2063, 144A(b)		905,826
6,706,000	UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class E, 5.043%, 5/10/2063, 144A(b)(d)(e)		563,304
827,560	UBS-Barclays Commercial Mortgage Trust, Series 2012-TFT, Class A, 2.892%, 6/05/2030, 144A(a)		828,296
4,990,000	Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class B, 4.443%, 7/15/2046(b)		4,995,678
1,991,555	WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D, 5.513%, 3/15/2044, 144A(b)		970,285
1,565,000	WFRBS Commercial Mortgage Trust, Series 2012-C10, Class B, 3.744%, 12/15/2045		1,552,491
2,585,000	WFRBS Commercial Mortgage Trust, Series 2012-C6, Class AS, 3.835%, 4/15/2045(a)		2,601,732
1,746,000	WFRBS Commercial Mortgage Trust, Series 2012-C7, Class C, 4.957%, 6/15/2045(b)		1,320,065
865,000	WFRBS Commercial Mortgage Trust, Series 2012-C7, Class E, 4.957%, 6/15/2045, 144A(b)(d)(e)		259,500
3,620,000	WFRBS Commercial Mortgage Trust, Series 2014-C20, Class B, 4.378%, 5/15/2047		3,761,106
1,290,000	WFRBS Commercial Mortgage Trust, Series 2014-C24, Class B, 4.204%, 11/15/2047(b)		1,304,808
			88,903,187

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Paper – 0.5%
$     10,460,000	Suzano Austria GmbH, 3.750%, 1/15/2031	$	10,745,035
16,595,000	Weyerhaeuser Co., 4.000%, 4/15/2030		18,745,667
2,745,000	WRKCo, Inc., 3.000%, 6/15/2033		2,873,909
			32,364,611
	Pharmaceuticals – 0.5%
980,000	Teva Pharmaceutical Finance Co. LLC, 6.150%, 2/01/2036		1,071,277
9,335,000	Teva Pharmaceutical Finance Netherlands III BV, 2.800%, 7/21/2023		9,277,030
15,105,000	Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026		14,463,037
6,270,000	Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046		5,407,875
			30,219,219
	Property & Casualty Insurance – 0.5%
5,653,000	American International Group, Inc., 4.200%, 4/01/2028		6,441,518
16,635,000	Fidelity National Financial, Inc., 3.400%, 6/15/2030		17,864,541
2,740,000	Fidelity National Financial, Inc., 5.500%, 9/01/2022		2,867,065
3,159,000	Sirius International Group Ltd., 4.600%, 11/01/2026, 144A		3,225,560
			30,398,684
	REITs - Apartments – 0.0%
2,185,000	American Homes 4 Rent, 2.375%, 7/15/2031		2,164,423
	REITs - Health Care – 0.1%
5,972,000	Welltower, Inc., 6.500%, 3/15/2041		8,566,194
	REITs - Office Property – 0.0%
2,085,000	Corporate Office Properties LP, 2.750%, 4/15/2031		2,106,149
	REITs - Regional Malls – 0.1%
6,815,000	Simon Property Group LP, 2.650%, 7/15/2030		7,024,761
	REITs - Shopping Centers – 0.1%
1,600,000	Brixmor Operating Partnership LP, 2.250%, 4/01/2028		1,613,634
2,280,000	Brixmor Operating Partnership LP, 4.050%, 7/01/2030		2,545,953
			4,159,587

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Restaurants – 0.1%
$       2,375,000	Yum! Brands, Inc., 4.750%, 1/15/2030, 144A	$	2,574,073
1,890,000	Yum! Brands, Inc., 7.750%, 4/01/2025, 144A		2,020,835
			4,594,908
	Retailers – 1.4%
21,520,000	7-Eleven, Inc., 0.800%, 2/10/2024, 144A		21,509,025
1,960,000	AutoNation, Inc., 4.750%, 6/01/2030		2,285,184
9,720,000	AutoZone, Inc., 3.625%, 4/15/2025		10,535,136
14,585,000	AutoZone, Inc., 4.000%, 4/15/2030		16,537,372
354,471	CVS Pass-Through Trust, 5.773%, 1/10/2033, 144A		418,903
362,376	CVS Pass-Through Trust, 6.036%, 12/10/2028		413,453
10,753,768	CVS Pass-Through Trust, Series 2013, 4.704%, 1/10/2036, 144A		12,221,980
1,128,040	CVS Pass-Through Trust, Series 2014, 4.163%, 8/11/2036, 144A		1,245,480
5,620,000	Dollar General Corp., 3.500%, 4/03/2030		6,181,775
4,665,000	Lithia Motors, Inc., 3.875%, 6/01/2029, 144A		4,850,760
8,064,000	Marks & Spencer PLC, 7.125%, 12/01/2037, 144A		9,883,884
3,755,000	PVH Corp., 7.750%, 11/15/2023		4,246,567
			90,329,519
	Sovereigns – 0.8%
30,040,000	Mexico Government International Bond, 3.771%, 5/24/2061		26,674,619
23,545,000	Mexico Government International Bond, 4.280%, 8/14/2041		24,022,963
			50,697,582
	Supermarkets – 0.0%
325,000	Koninklijke Ahold Delhaize NV, 5.700%, 10/01/2040		444,753
	Technology – 4.3%
27,985,000	Avnet, Inc., 4.625%, 4/15/2026		31,209,379
9,915,000	Broadcom, Inc., 3.187%, 11/15/2036, 144A		9,886,206
17,895,000	Broadcom, Inc., 4.300%, 11/15/2032		20,053,735

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Technology – continued
$       1,620,000	CommScope Technologies LLC, 5.000%, 3/15/2027, 144A	$	1,540,879
3,095,000	CommScope, Inc., 4.750%, 9/01/2029, 144A		3,091,131
3,900,000	CommScope, Inc., 6.000%, 3/01/2026, 144A		4,049,487
3,950,000	CommScope, Inc., 7.125%, 7/01/2028, 144A		4,030,856
10,115,000	Equinix, Inc., 2.150%, 7/15/2030		9,919,647
17,195,000	Equinix, Inc., 3.200%, 11/18/2029		18,242,780
4,402,000	IHS Markit Ltd., 4.250%, 5/01/2029		5,016,607
5,320,000	Jabil, Inc., 1.700%, 4/15/2026		5,347,894
4,610,000	Jabil, Inc., 3.000%, 1/15/2031		4,727,492
7,440,000	Jabil, Inc., 4.700%, 9/15/2022		7,736,187
16,735,000	KLA Corp., 5.650%, 11/01/2034		21,622,630
7,480,000	Marvell Technology, Inc., 2.450%, 4/15/2028, 144A		7,620,397
6,390,000	Marvell Technology, Inc., 2.950%, 4/15/2031, 144A		6,568,280
11,425,000	Microchip Technology, Inc., 0.983%, 9/01/2024, 144A		11,411,176
25,479,000	Micron Technology, Inc., 4.663%, 2/15/2030		29,409,136
10,622,000	Micron Technology, Inc., 5.327%, 2/06/2029		12,631,151
3,980,000	NXP BV/NXP Funding LLC/NXP USA, Inc., 3.150%, 5/01/2027, 144A		4,244,090
2,225,000	NXP BV/NXP Funding LLC/NXP USA, Inc., 3.400%, 5/01/2030, 144A		2,415,139
1,055,000	Open Text Corp., 3.875%, 2/15/2028, 144A		1,077,767
1,015,000	Open Text Holdings, Inc., 4.125%, 2/15/2030, 144A		1,042,912
25,480,000	Oracle Corp., 3.600%, 4/01/2050		25,510,533
1,770,000	Skyworks Solutions, Inc., 1.800%, 6/01/2026		1,793,453
970,000	SS&C Technologies, Inc., 5.500%, 9/30/2027, 144A		1,024,255
13,665,000	SYNNEX Corp., 1.750%, 8/09/2026, 144A		13,518,720
9,135,000	Verisk Analytics, Inc., 4.125%, 3/15/2029		10,374,422
			275,116,341

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Transportation Services – 0.2%
$       9,670,000	Adani Ports & Special Economic Zone Ltd., 4.200%, 8/04/2027, 144A	$	10,143,153
	Treasuries – 14.6%
206,825,000	U.S. Treasury Note, 0.125%, 4/30/2022(a)		206,889,633
173,275,000	U.S. Treasury Note, 0.125%, 6/30/2022(a)		173,329,148
119,815,000	U.S. Treasury Note, 0.125%, 12/31/2022(a)(f)		119,777,558
79,165,000	U.S. Treasury Note, 0.125%, 4/30/2023		79,059,859
200,000,000	U.S. Treasury Note, 0.125%, 8/31/2023		199,468,750
31,930,000	U.S. Treasury Note, 0.250%, 9/30/2023		31,905,055
123,030,000	U.S. Treasury Note, 0.375%, 3/31/2022(a)		123,222,234
			933,652,237
	Wireless – 2.1%
21,805,000	American Tower Corp., 2.100%, 6/15/2030		21,337,813
6,830,000	Bharti Airtel Ltd., 3.250%, 6/03/2031, 144A		6,866,771
2,295,000	Crown Castle International Corp., 2.250%, 1/15/2031		2,242,823
3,725,000	Crown Castle International Corp., 3.300%, 7/01/2030		3,969,896
22,660,000	Crown Castle International Corp., 3.650%, 9/01/2027		24,914,059
6,615,000	Crown Castle International Corp., 4.000%, 3/01/2027		7,357,072
610,000	Sprint Capital Corp., 6.875%, 11/15/2028		780,800
15,320,000	T-Mobile USA, Inc., 3.375%, 4/15/2029		15,982,590
7,565,000	T-Mobile USA, Inc., 3.500%, 4/15/2031		7,978,312
36,385,000	T-Mobile USA, Inc., 3.875%, 4/15/2030		40,174,937
			131,605,073
	Wirelines – 0.8%
6,647,000	AT&T, Inc., 3.500%, 9/15/2053		6,578,669
20,495,000	AT&T, Inc., 3.650%, 6/01/2051		20,884,147
515,000	AT&T, Inc., 3.650%, 9/15/2059		513,415
857,000	Level 3 Financing, Inc., 4.625%, 9/15/2027, 144A		881,681

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	Wirelines – continued
$     12,020,000	Telefonica Emisiones S.A., 5.520%, 3/01/2049	$	15,731,055
4,750,000	Verizon Communications, Inc., 2.850%, 9/03/2041		4,635,858
			49,224,825
	Total Non-Convertible Bonds (Identified Cost $5,539,803,536)		5,861,661,019
Convertible Bonds – 1.5%
	Airlines – 0.1%
5,165,000	Southwest Airlines Co., 1.250%, 5/01/2025		7,715,219
	Cable Satellite – 0.4%
9,050,000	DISH Network Corp., 2.375%, 3/15/2024		8,818,094
13,110,000	DISH Network Corp., 3.375%, 8/15/2026		13,627,845
			22,445,939
	Consumer Cyclical Services – 0.2%
4,300,000	Expedia Group, Inc., Zero Coupon, 0.000%, 2/15/2026, 144A(g)		4,642,499
6,370,000	Peloton Interactive, Inc., Zero Coupon, 0.000%-1.734%, 2/15/2026, 144A(h)		5,607,420
3,845,000	Uber Technologies, Inc., Zero Coupon, 0.000%, 12/15/2025, 144A(g)		3,739,764
			13,989,683
	Healthcare – 0.2%
9,475,000	Teladoc Health, Inc., 1.250%, 6/01/2027		9,517,036
	Media Entertainment – 0.1%
4,520,000	Twitter, Inc., Zero Coupon, 0.000%, 3/15/2026, 144A(g)		4,196,095
	Pharmaceuticals – 0.3%
5,120,000	BioMarin Pharmaceutical, Inc., 0.599%, 8/01/2024		5,238,714
13,985,000	BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027		13,996,515
2,005,000	Livongo Health, Inc., 0.875%, 6/01/2025		2,648,785
			21,884,014
	Technology – 0.2%
9,115,000	Palo Alto Networks, Inc., 0.375%, 6/01/2025		15,049,536
	Total Convertible Bonds (Identified Cost $92,432,252)		94,797,522

Principal Amount	Description	Value (†)
Bonds and Notes – continued
Municipals – 0.1%
	Virginia – 0.1%
$       7,335,000	Tobacco Settlement Financing Corp., Series A-1, 6.706%, 6/01/2046 (Identified Cost $7,076,425)	$	7,659,201
	Total Bonds and Notes (Identified Cost $5,639,312,213)		5,964,117,742
Senior Loans – 0.1%
	Airlines – 0.1%
6,731,441	United Airlines, Inc., 2021 Term Loan B, 3-month LIBOR + 3.750%, 4.500%, 4/21/2028 (c) (Identified Cost $6,699,760)		6,772,772
Collateralized Loan Obligations – 2.5%
1,585,000	522 Funding CLO Ltd., Series 2021-7A, Class D, 3-month LIBOR + 2.900%, 3.100%, 4/23/2034, 144A(c)		1,573,174
14,785,000	Alinea CLO Ltd., Series 2018-1A, Class B, 3-month LIBOR + 1.650%, 1.784%, 7/20/2031, 144A(a)(c)		14,785,367
4,650,000	Allegro CLO VIII Ltd., Series 2018-2A, Class B1, 3-month LIBOR + 1.670%, 1.796%, 7/15/2031, 144A(c)		4,643,104
3,520,000	ARES Loan Funding I Ltd., Series 2021-ALFA, Class D, 3-month LIBOR + 3.000%, 3.116%, 10/15/2034, 144A(c)		3,526,978
4,075,000	Ares XXXVII CLO Ltd., Series 2015-4A, Class A3R, 3-month LIBOR + 1.500%, 1.626%, 10/15/2030, 144A(c)		4,065,310
1,651,667	Atrium XV, Series 15A, Class D, 3-month LIBOR + 3.000%, 3.138%, 1/23/2031, 144A(c)		1,651,770
2,240,000	Battalion CLO XIV Ltd., Series 2019-14A, Class B1, 3-month LIBOR + 2.100%, 2.234%, 4/20/2032, 144A(c)		2,240,634
2,525,000	Canyon CLO Ltd., Series 2018-1A, Class B, 3-month LIBOR + 1.700%, 1.826%, 7/15/2031, 144A(c)		2,525,075
6,500,000	CIFC Funding Ltd., Series 2014-5A, Class BR2, 3-month LIBOR + 1.800%, 1.934%, 10/17/2031, 144A(c)		6,500,716
3,335,000	Dryden 53 CLO Ltd., Series 2017-53A, Class B, 3-month LIBOR + 1.400%, 1.526%, 1/15/2031, 144A(c)		3,327,180
1,250,000	Galaxy XXV CLO Ltd., Series 2018-25A, Class B, 3-month LIBOR + 1.650%, 1.775%, 10/25/2031, 144A(c)		1,250,225
4,465,000	Galaxy XXVI CLO Ltd., Series 2018-26A, Class B, 3-month LIBOR + 1.700%, 1.831%, 11/22/2031, 144A(c)		4,466,904
9,755,000	Gallatin CLO VIII Ltd., Series 2017-1A, Class B, 3-month LIBOR + 1.650%, 1.776%, 7/15/2027, 144A(a)(c)		9,767,731
5,405,000	Goldentree Loan Management U.S CLO 3 Ltd., Series 2018-3A, Class B1, 3-month LIBOR + 1.550%, 1.684%, 4/20/2030, 144A(c)		5,404,983
4,808,289	Halcyon Loan Advisors Funding Ltd., Series 2014-3A, Class B1R, 3-month LIBOR + 1.700%, 1.838%, 10/22/2025, 144A(a)(c)		4,810,726
13,735,000	Hayfin U.S. XII Ltd., Series 2018-8A, Class B, 3-month LIBOR + 1.480%, 1.614%, 4/20/2031, 144A(c)		13,650,567
3,545,000	Invesco CLO Ltd., Series 2021-1A, Class D, 3-month LIBOR + 3.050% 3.215%, 4/15/2034, 144A(c)		3,544,935
3,687,290	Madison Park Funding XII Ltd., Series 2014-12A, Class CR, 3-month LIBOR + 2.350%, 2.484%, 7/20/2026, 144A(a)(c)		3,688,194
13,180,000	Madison Park Funding XIV Ltd., Series 2014-14A, Class BRR, 3-month LIBOR + 1.700%, 1.838%, 10/22/2030, 144A(c)		13,183,954

Principal Amount	Description	Value (†)
Collateralized Loan Obligations – continued
$       2,105,000	Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class DR, 3-month LIBOR + 2.900%, 3.026%, 4/15/2034, 144A(c)	$	2,104,983
545,455	Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class A2R2, 3-month LIBOR + 1.700%, 1.834%, 10/21/2030, 144A(c)		545,469
1,750,000	OCP CLO Ltd., Series 2015-9A, Class BR, 3-month LIBOR + 1.750%, 1.876%, 7/15/2027, 144A(c)		1,748,033
14,755,000	OCP CLO Ltd., Series 2020-8RA, Class A2, 3-month LIBOR + 1.550%, 1.684%, 1/17/2032, 144A(a)(c)		14,763,157
2,000,000	Octagon Investment Partners 26 Ltd., Series 2016-1A, Class BR, 3-month LIBOR + 1.600%, 1.726%, 7/15/2030, 144A(c)		1,996,708
1,986,282	Octagon Investment Partners 28 Ltd., Series 2016-1A, Class BR, 3-month LIBOR + 1.800%, 1.925%, 10/24/2030, 144A(c)		1,986,412
4,155,000	Octagon Investment Partners 46 Ltd., Series 2020-A2, Class DR, 3-month LIBOR + 3.300%, 3.409%, 7/15/2036, 144A(c)		4,177,330
7,170,000	Octagon Investment Partners Ltd., Series 2018-18A, Class A2, 3-month LIBOR + 1.470%, 1.596%, 4/16/2031, 144A(c)		7,140,855
1,730,000	Recette CLO Ltd., Series 2015-1A, Class BRR, 3-month LIBOR + 1.400%, 1.534%, 4/20/2034, 144A(c)		1,704,785
1,015,000	Regatta XV Funding Ltd., Series 2018-4A, Class A2, 3-month LIBOR + 1.850%, 1.975%, 10/25/2031, 144A(c)		1,014,873
6,680,000	Rockford Tower CLO Ltd., Series 2017-1A, Class DR2A, 3-month LIBOR + 3.250%, 3.384%, 4/20/2034, 144A(c)		6,679,915
1,830,000	Vibrant CLO XIV Ltd., Series 2021-14A, Class C, 3-month LIBOR + 3.750%, 3.893%, 10/20/2034, 144A(c)		1,848,233
3,335,000	Voya CLO Ltd., Series 2013-3A, Class A2RR, 3-month LIBOR + 1.700%, 1.834%, 10/18/2031, 144A(c)		3,335,230
1,610,000	Voya CLO Ltd., Series 2016-3A, Class A3R, 3-month LIBOR + 1.750%, 1.884%, 10/18/2031, 144A(c)		1,610,170
6,235,000	Voya CLO Ltd., Series 2018-3A, Class B, 3-month LIBOR + 1.650%, 1.776%, 10/15/2031, 144A(c)		6,235,181
	Total Collateralized Loan Obligations (Identified Cost $158,665,261)		161,498,861
Shares
Preferred Stocks – 1.4%
Convertible Preferred Stocks – 1.4%
	Banking – 0.8%
17,832	Bank of America Corp., Series L, 7.250%		25,721,234
18,269	Wells Fargo & Co., Class A, Series L, 7.500%		27,074,658
			52,795,892
	Food & Beverage – 0.2%
122,394	Bunge Ltd., 4.875%		14,557,829
	Wireless – 0.4%
20,387	2020 Cash Mandatory Exchangeable Trust, 5.250%, 144A(d)(e)		23,053,008
	Total Convertible Preferred Stocks (Identified Cost $87,868,552)		90,406,729
	Total Preferred Stocks (Identified Cost $87,868,552)		90,406,729

Principal Amount	Description	Value (†)
Short-Term Investments – 3.1%
$   195,894,671	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/2021 at 0.000% to be repurchased at $195,894,671 on 10/01/2021 collateralized by $200,848,200 U.S. Treasury Note, 1.250% due 9/30/2028 valued at $199,812,628 including accrued interest(i) (Identified Cost $195,894,671)	$	195,894,671
	Total Investments – 100.5% (Identified Cost $6,088,440,457)		6,418,690,775
	Other assets less liabilities – (0.5)%		(30,703,088	)
	Net Assets – 100.0%	$	6,387,987,687

(†) Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows:

Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers.

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

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

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

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

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

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

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

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

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

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

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

(b) Variable rate security. The interest rate adjusts periodically based on; (i) changes in current interest rates and/or prepayments on underlying pools of assets, if applicable, (ii) reference to a base lending rate plus or minus a margin, and/or (iii) reference to a base lending rate adjusted by a multiplier and/or subject to certain floors or caps. Rate as of September 30, 2021 is disclosed.

(c) Variable rate security. Rate as of September 30, 2021 is disclosed.

(d) Illiquid security.

(e) Securities classified as fair valued pursuant to the Fund’s pricing policies and procedures. At September 30, 2021, the value of these securities amounted to $79,016,250 or 1.2% of net assets.

(f) Security (or a portion thereof) has been pledged as collateral for open derivative contracts.

(g) Interest rate represents annualized yield at time of purchase; not a coupon rate.

(h) Interest rate represents annualized yield at time of purchase; not a coupon rate. The Fund’s investment in this security is comprised of various lots with differing annualized yields.

(i) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of September 30, 2021, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

144A All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2021, the value of Rule 144A holdings amounted to $2,314,354,997 or 36.2% of net assets.

ABS Asset-Backed Securities

ARS Auction Rate Security

FNMA Federal National Mortgage Association

GMTN Global Medium Term Note

LIBOR London Interbank Offered Rate

MTN Medium Term Note

REITs Real Estate Investment Trusts

SLM Sallie Mae

Futures Contracts

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

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

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

At September 30, 2021, open long futures contracts were as follows:

Financial Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
Ultra 10 Year U.S. Treasury Note		12/21/2021		4,862	$	717,561,324	$	706,205,500	$	11,355,824
Ultra Long U.S. Treasury Bond		12/21/2021		251		49,182,252		47,956,687		1,225,565
Total									$	12,581,389

Fair Value Measurements

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

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

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

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

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

The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2021, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Bonds and Notes*	$	—	$	5,964,117,742	$	—	$	5,964,117,742
Senior Loans*		—		6,772,772		—		6,772,772
Collateralized Loan Obligations		—		161,498,861		—		161,498,861
Preferred Stocks
Banking		52,795,892		—		—		52,795,892
Food & Beverage		—		14,557,829		—		14,557,829
Wireless		—		23,053,008		—		23,053,008
Total Preferred Stocks		52,795,892		37,610,837		—		90,406,729
Short-Term Investments		—		195,894,671		—		195,894,671
Total Investments		52,795,892		6,365,894,883		—		6,418,690,775
Futures Contracts (unrealized appreciation)		12,581,389		—		—		12,581,389
Total	$	65,377,281	$	6,365,894,883	$	—	$	6,431,272,164

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

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

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value as of December 31, 2020 and/or September 30, 2021:

Asset Valuation Inputs

Investments in Securities	Balance as of December 31, 2020			Accrued Discounts (Premiums)		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Purchases		Sales			Transfers into Level 3		Transfers out of Level 3			Balance as of September 30, 2021		Change in Unrealized Appreciation (Depreciation) from Investments Still Held at September 30, 2021
Bonds and Notes
Non-Convertible Bonds
ABS Other	$	21,594,566		$	—	$	(3,304,502	)	$	17,633,017	$	—	$	(35,923,081	)	$	—	$	—		$	—	$	—
Collateralized Loan Obligations		14,755,000			—		—			—		—		—			—		(14,755,000	)		—		—
Preferred Stocks
Energy		—	(a)		—		(3,487,753	)		3,487,753		—		—			—		—			—		—
Total	$	36,349,566		$	—	$	(6,792,255	)	$	21,120,770	$	—	$	(35,923,081	)	$	—	$	(14,755,000	)	$	—	$	—

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

A debt security valued at $14,755,000 was transferred from Level 3 to Level 2 during the period ended September 30, 2021. At December 31, 2020, this security was valued using broker-dealer bid prices based on inputs unobservable to the Fund as an independent pricing service was unable to price the security. At September 30, 2021 this security was valued on the basis of evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund’s valuation policies.

Derivatives

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

The Fund is subject to the risk that changes in interest rates will affect the value of the Fund’s investments in fixed-income securities. The Fund will be subject to increased interest rate risk to the extent that it invests in fixed-income securities with longer maturities or durations, as compared to investing in fixed-income securities with shorter maturities or durations. The Fund may use futures contracts to hedge against changes in interest rates and to manage duration without having to buy or sell portfolio securities. During the period ended September 30, 2021, the Fund used futures contracts to manage duration.

The following is a summary of derivative instruments for the Fund, as of September 30, 2021:

Assets	Unrealized appreciation on futures contracts
Exchange-traded asset derivatives
Interest rate contracts	$	12,581,389

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

Counterparty risk is managed based on policies and procedures established by the Fund’s adviser. Such policies and procedures may include, but are not limited to, minimum counterparty credit rating requirements, monitoring of counterparty credit default swap spreads and posting of collateral. With exchange-traded derivatives, there is minimal counterparty credit risk to the Fund because the exchange’s clearinghouse, as counterparty to these instruments, stands between the buyer and the seller of the contract. Credit risk still exists in exchange-traded derivatives with respect to initial and variation margin that is held in a broker’s customer accounts. While brokers typically are required to segregate customer margin for exchange-traded derivatives from their own assets, in the event that a broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the broker for all its customers, U.S. bankruptcy laws will typically allocate that shortfall on a pro rata basis across all of the broker’s customers, potentially resulting in losses to the Fund. The following table shows the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the Fund would incur if parties to the relevant financial instruments failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the Fund, as of September 30, 2021:

Maximum Amount of Loss - Gross		Maximum Amount of Loss - Net
$	24,732,269	$	24,732,269

Industry Summary at September 30, 2021 (Unaudited)

Treasuries	14.6	%
Banking	9.9
ABS Car Loan	7.4
ABS Home Equity	5.4
Technology	4.5
Finance Companies	3.7
Life Insurance	3.4
Aerospace & Defense	3.1
Metals & Mining	3.0
ABS Other	2.8
Cable Satellite	2.6
Wireless	2.5
Electric	2.2
Midstream	2.1
Other Investments, less than 2% each	27.7
Short-Term Investments	3.1
Collateralized Loan Obligations	2.5
Total Investments	100.5
Other assets less liabilities (including futures contracts)	(0.5	)
Net Assets	100.0	%