HTML

NPORT-EX 2 NPORT_4885_87383972_1221.htm HTML

PORTFOLIO OF INVESTMENTS – as of December 31, 2021 (Unaudited)

Loomis Sayles Global Allocation Fund


Shares		Description	Value (†)
	Common Stocks – 68.7% of Net Assets
		Canada – 0.9%
	459,549	Canada Goose Holdings, Inc.(a)	$	17,031,232
	347,164	Descartes Systems Group, Inc. (The)(a)		28,712,833

				45,744,065

		France – 2.2%
	633,882	Dassault Systemes SE		37,617,943
	89,519	LVMH Moet Hennessy Louis Vuitton SE		73,981,511

				111,599,454

		Hong Kong – 0.7%
	3,476,000	AIA Group Ltd.		35,082,714

		India – 1.0%
	2,601,148	HDFC Bank Ltd.		51,495,494

		Japan – 2.0%
	561,100	Mercari, Inc.(a)		28,547,317
	1,638,061	Nomura Research Institute Ltd.		70,028,409

				98,575,726

		Netherlands – 3.3%
	212,201	ASML Holding NV		169,977,210

		Sweden – 1.6%
	1,139,087	Atlas Copco AB, Class A		78,711,848

		Taiwan – 2.1%
	4,895,000	Taiwan Semiconductor Manufacturing Co. Ltd.		108,282,268

		United Kingdom – 3.2%
	832,313	Halma PLC		36,088,144
	370,631	Linde PLC		128,397,697

				164,485,841

		United States – 51.7%
	291,604	Accenture PLC, Class A		120,884,438
	879,923	Airbnb, Inc., Class A(a)		146,498,380
	5,876	Alphabet, Inc., Class C(a)		17,002,735
	46,517	Alphabet, Inc., Class A(a)		134,761,610
	44,378	Amazon.com, Inc.(a)		147,971,341
	252,843	Copart, Inc.(a)		38,336,056
	203,797	Costco Wholesale Corp.		115,695,557
	484,953	Cummins, Inc.		105,787,647
	462,435	Danaher Corp.		152,145,739
	1,219,854	Dropbox, Inc., Class A(a)		29,935,217
	272,375	Estee Lauder Cos., Inc. (The), Class A		100,833,225
	87,505	Goldman Sachs Group, Inc. (The)		33,475,038
	235,445	Home Depot, Inc. (The)		97,712,029
	521,633	IQVIA Holdings, Inc.(a)		147,173,535


Shares		Description	Value (†)
	Common Stocks – continued
		United States – continued
	419,652	MasterCard, Inc., Class A	$	150,789,357
	311,563	Meta Platforms, Inc., Class A(a)		104,794,215
	45,346	Mettler-Toledo International, Inc.(a)		76,961,685
	418,610	NVIDIA Corp.		123,117,387
	460,473	PayPal Holdings, Inc.(a)		86,835,998
	216,568	Roper Technologies, Inc.		106,521,136
	272,644	S&P Global, Inc.		128,668,883
	487,168	salesforce.com, Inc.(a)		123,804,004
	285,595	Sherwin-Williams Co. (The)		100,575,135
	296,404	Texas Instruments, Inc.		55,863,262
	258,692	UnitedHealth Group, Inc.		129,899,601
	92,241	Vail Resorts, Inc.		30,245,824
	126,301	VeriSign, Inc.(a)		32,057,720

				2,638,346,754

		Total Common Stocks (Identified Cost $2,258,332,008)		3,502,301,374


Principal Amount (‡)
	Bonds and Notes – 29.5%
	Non-Convertible Bonds – 27.4%
		Australia – 0.7%
	$ 3,010,000	Australia Government Bond, Series 133, 5.500%, 4/21/2023, (AUD)(b)	2,335,170
	10,700,000	Australia Government Bond, Series 164, 0.500%, 9/21/2026, (AUD)(b)	7,490,545
	800,000	FMG Resources August 2006 Pty Ltd., 4.375%, 4/01/2031, 144A	840,000
	670,000	GAIF Bond Issuer Pty Ltd., 3.400%, 9/30/2026, 144A	714,383
	3,560,000	Glencore Funding LLC, 1.625%, 9/01/2025, 144A	3,528,423
	5,000,000	Macquarie Group Ltd., (fixed rate to 1/14/2032, variable rate thereafter), 2.871%, 1/14/2033, 144A(b)	4,984,874
	4,000,000	Macquarie Group Ltd., (fixed rate to 9/23/2026, variable rate thereafter), 1.629%, 9/23/2027, 144A(b)	3,919,344
	11,610,000	New South Wales Treasury Corp., 2.000%, 3/08/2033, (AUD)(b)	8,363,867
	95,000	Sydney Airport Finance Co. Pty Ltd., 3.375%, 4/30/2025, 144A	99,503
	1,370,000	Westpac Banking Corp., 1.953%, 11/20/2028(b)	1,364,518

			33,640,627

		Belgium – 0.1%
	2,745,000	Anheuser-Busch InBev S.A., EMTN, 2.000%, 1/23/2035, (EUR)	3,422,605
	1,690,000	Anheuser-Busch InBev Worldwide, Inc., 4.750%, 1/23/2029	1,967,051

			5,389,656


Principal Amount (‡)			Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
			Brazil – 0.6%
	$ 1,150,000		Banco Bradesco S.A., 2.850%, 1/27/2023, 144A	$	1,162,385
	1,035,000		Braskem Netherlands Finance BV, 4.500%, 1/10/2028		1,097,100
	1,785,000		Braskem Netherlands Finance BV, 4.500%, 1/31/2030		1,898,347
	53,329	(††)	Brazil Notas do Tesouro Nacional, Series F, 10.000%, 1/01/2031, (BRL)		9,168,655
	2,685,000		Brazilian Government International Bond, 4.500%, 5/30/2029		2,748,796
	1,085,000		Brazilian Government International Bond, 4.625%, 1/13/2028		1,132,480
	2,980,000		BRF S.A., 4.875%, 1/24/2030		3,018,025
	650,000		Centrais Eletricas Brasileiras S.A., 4.625%, 2/04/2030, 144A		643,507
	400,000		Cosan Luxembourg S.A., 5.000%, 3/14/2023, 144A		402,560
	1,100,000		Embraer Netherlands Finance BV, 5.050%, 6/15/2025		1,137,125
	1,250,000		Itau Unibanco Holding S.A., 2.900%, 1/24/2023, 144A		1,263,125
	2,465,000		Petrobras Global Finance BV, 5.999%, 1/27/2028		2,686,850
	150,000		Petrobras Global Finance BV, 6.875%, 1/20/2040		164,427
	575,000		Raizen Fuels Finance S.A., 5.300%, 1/20/2027, 144A		625,318
	2,515,000		Suzano Austria GmbH, 2.500%, 9/15/2028		2,426,975
	1,185,000		Suzano Austria GmbH, 3.125%, 1/15/2032		1,146,499
	550,000		Suzano Austria GmbH, 3.750%, 1/15/2031		558,943

					31,281,117

			Canada – 4.0%
	790,000		1011778 BC ULC/New Red Finance, Inc., 4.000%, 10/15/2030, 144A		776,175
	363,716		Air Canada Pass Through Trust, Series 2015-2, Class A, 4.125%, 6/15/2029, 144A		361,981
	757,528		Air Canada Pass Through Trust, Series 2017-1, Class AA, 3.300%, 7/15/2031, 144A(b)		767,967
	1,210,000		Antares Holdings LP, 3.950%, 7/15/2026, 144A		1,244,222
	1,010,000		Antares Holdings LP, 6.000%, 8/15/2023, 144A		1,073,362
	4,500,000		Bank of Montreal, (fixed rate to 1/22/2026, variable rate thereafter), MTN, 0.949%, 1/22/2027(b)		4,367,340
	2,675,000		Bank of Nova Scotia (The), 1.050%, 3/02/2026(b)		2,607,196


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Canada – continued
	$ 2,525,000	Bank of Nova Scotia (The), 1.300%, 9/15/2026(b)	$	2,474,659
	2,835,000	Bell Telephone Co. of Canada/Bell Canada (The), MTN, 3.600%, 9/29/2027, (CAD)		2,386,044
	1,735,000	Brookfield Finance I UK PLC, 2.340%, 1/30/2032		1,692,404
	1,015,000	Brookfield Finance, Inc., 3.900%, 1/25/2028		1,113,449
	2,715,000	Brookfield Renewable Partners ULC, MTN, 4.250%, 1/15/2029, (CAD)		2,388,393
	1,220,000	Canada Housing Trust No. 1, 1.550%, 12/15/2026, 144A, (CAD)		964,475
	23,095,000	Canadian Government Bond, 0.250%, 2/01/2023, (CAD)(b)		18,156,674
	61,465,000	Canadian Government Bond, 0.250%, 5/01/2023, (CAD)(b)		48,222,535
	89,175,000	Canadian Government Bond, 0.500%, 9/01/2025, (CAD)(b)		68,816,212
	970,000	Canadian Imperial Bank of Commerce, 3.500%, 9/13/2023(b)		1,014,006
	1,800,000	Canadian Imperial Bank of Commerce, (fixed rate to 7/22/2022, variable rate thereafter), 2.606%, 7/22/2023(b)		1,818,574
	2,465,000	Canadian Pacific Railway Co., 1.750%, 12/02/2026		2,473,895
	800,000	CPPIB Capital, Inc., 0.375%, 6/20/2024, 144A, (EUR)(b)		924,735
	4,695,000	Enbridge Gas, Inc., MTN, 2.900%, 4/01/2030, (CAD)(b)		3,866,903
	430,000	Enbridge, Inc., 2.900%, 7/15/2022		434,245
	4,770,000	Enbridge, Inc., MTN, 2.990%, 10/03/2029, (CAD)		3,841,868
	2,965,000	Federation des Caisses Desjardins du Quebec, (fixed rate to 5/26/2025, variable rate thereafter), 2.856%, 5/26/2030, (CAD)(b)		2,395,533
	187,682	Institutional Mortgage Securities Canada, Inc., Series 2014-5A, Class A2, 2.616%, 7/12/2047, 144A, (CAD)		145,169
	4,670,000	Ontario Power Generation, Inc., MTN, 2.977%, 9/13/2029, (CAD)(b)		3,855,357
	5,000,000	Province of British Columbia Canada, Series 10, 1.750%, 9/27/2024(b)		5,095,833
	2,355,000	Province of Quebec Canada, 2.300%, 9/01/2029, (CAD)(b)		1,923,432
	2,725,000	Royal Bank of Canada, 0.875%, 1/20/2026(b)		2,651,357
	2,040,000	Royal Bank of Canada, 1.200%, 4/27/2026(b)		2,003,829
	2,475,000	Royal Bank of Canada, GMTN, 2.250%, 11/01/2024(b)		2,540,502
	2,960,000	Shaw Communications, Inc., 3.300%, 12/10/2029, (CAD)		2,400,737


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Canada – continued
	$ 2,500,000	Toronto-Dominion Bank (The), 2.100%, 7/15/2022, 144A(b)	$	2,523,070
	1,690,000	Toronto-Dominion Bank (The), GMTN, 3.500%, 7/19/2023(b)		1,761,054
	1,675,000	Toronto-Dominion Bank (The), MTN, 1.150%, 6/12/2025(b)		1,660,907
	1,580,000	Videotron Ltd., 5.125%, 4/15/2027, 144A		1,627,400

				202,371,494

		Chile – 0.4%
	715,000	Banco de Chile, 2.990%, 12/09/2031, 144A		705,133
	2,525,000	Banco Santander Chile, 3.177%, 10/26/2031, 144A(b)		2,570,803
	950,000	Celulosa Arauco y Constitucion S.A., 4.500%, 8/01/2024		1,009,384
	1,500,000	Chile Government International Bond, 2.450%, 1/31/2031(b)		1,490,640
	1,005,000	Chile Government International Bond, 2.550%, 1/27/2032(b)		1,002,488
	2,580,000	Colbun S.A., 3.150%, 3/06/2030		2,580,000
	1,960,000	Corp. Nacional del Cobre de Chile, 3.000%, 9/30/2029, 144A(b)		1,981,509
	570,000	Corp. Nacional del Cobre de Chile, 3.750%, 1/15/2031, 144A		607,123
	595,000	Empresa Nacional de Telecomunicaciones S.A., 3.050%, 9/14/2032, 144A		584,593
	1,980,000	Empresa Nacional del Petroleo, 3.450%, 9/16/2031, 144A		1,880,683
	525,000	Enel Chile S.A., 4.875%, 6/12/2028		578,813
	2,690,000	Engie Energia Chile S.A., 3.400%, 1/28/2030		2,723,625
	800,000	Inversiones CMPC S.A., 4.375%, 5/15/2023, 144A		825,760
	1,120,000	Transelec S.A., 4.250%, 1/14/2025, 144A		1,183,717

				19,724,271

		China – 1.0%
	920,000	Alibaba Group Holding Ltd., 3.400%, 12/06/2027		973,882
	795,000	Baidu, Inc., 3.875%, 9/29/2023		827,452
	98,500,000	China Government Bond, 2.200%, 7/27/2025, (CNY)(b)		15,240,348
	6,500,000	China Government Bond, 3.390%, 5/21/2025, (CNH)(b)		1,045,695
	500,000	China Government Bond, 3.480%, 6/29/2027, (CNH)		81,672


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		China – continued
	25,000,000	China Government Bond, 3.900%, 7/04/2036, (CNH)(b)	$	4,250,334
	67,500,000	China Government Bond, 4.000%, 11/30/2035, (CNY)(b)		11,631,022
	2,600,000	Country Garden Holdings Co. Ltd., 2.700%, 7/12/2026		2,216,886
	2,800,000	Country Garden Holdings Co. Ltd., 3.300%, 1/12/2031		2,380,946
	2,435,000	Country Garden Holdings Co. Ltd., 8.000%, 1/27/2024		2,447,107
	905,000	Industrial & Commercial Bank of China Ltd., 2.957%, 11/08/2022		919,172
	2,750,000	Shimao Group Holdings Ltd., 3.450%, 1/11/2031		1,567,225
	2,750,000	Sunac China Holdings Ltd., 5.950%, 4/26/2024		1,771,110
	625,000	Tencent Holdings Ltd., 2.880%, 4/22/2031, 144A		636,147
	500,000	Tencent Holdings Ltd., 2.985%, 1/19/2023, 144A		508,240
	1,175,000	Tencent Holdings Ltd., 3.280%, 4/11/2024, 144A(b)		1,226,292
	1,270,000	Weibo Corp., 3.500%, 7/05/2024		1,307,732

				49,031,262

		Colombia – 0.3%
	1,395,000	Colombia Government International Bond, 3.125%, 4/15/2031		1,250,757
	2,536,000	Ecopetrol S.A., 5.875%, 5/28/2045		2,425,075
	1,300,000	Empresas Publicas de Medellin ESP, 4.250%, 7/18/2029, 144A		1,233,063
	1,026,000	Millicom International Cellular S.A., 6.250%, 3/25/2029, 144A		1,115,467
	1,035,000	Millicom International Cellular S.A., 6.625%, 10/15/2026		1,084,162
	575,000	Republic of Colombia, 3.875%, 4/25/2027		579,313
	7,073,300,000	Republic of Colombia, Series B, 6.250%, 11/26/2025, (COP)		1,672,913
	29,559,900,000	Titulos De Tesoreria, Series B, 7.500%, 8/26/2026, (COP)		7,217,703
	870,000	Transportadora de Gas Internacional S.A. E.S.P., 5.550%, 11/01/2028, 144A		959,184

				17,537,637

		Denmark – 0.1%
	2,055,000	Orsted A/S, EMTN, 2.125%, 5/17/2027, (GBP)		2,878,621


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Dominican Republic – 0.1%
	$ 2,160,000	Dominican Republic, 4.500%, 1/30/2030, 144A	$	2,195,100
	1,155,000	Dominican Republic, 4.875%, 9/23/2032, 144A		1,173,769
	590,000	Dominican Republic, 5.950%, 1/25/2027, 144A		658,086
	995,000	Dominican Republic, 6.000%, 7/19/2028, 144A		1,112,310
	425,000	Dominican Republic, 8.625%, 4/20/2027, 144A		506,600

				5,645,865

		Egypt – 0.1%
	1,515,000	Egypt Government International Bond, 5.250%, 10/06/2025		1,526,423
	1,435,000	Egypt Government International Bond, 7.625%, 5/29/2032		1,356,922

				2,883,345

		Finland – 0.1%
	3,575,000	Nordea Bank Abp, 0.750%, 8/28/2025, 144A(b)		3,484,043

		France – 0.2%
	205,000	BNP Paribas S.A., 4.375%, 5/12/2026, 144A		222,932
	890,000	BNP Paribas S.A., (fixed rate to 6/09/2025, variable rate thereafter), 2.219%, 6/09/2026, 144A		898,279
	1,415,000	Caisse d’Amortissement de la Dette Sociale, 1.875%, 2/12/2022(b)		1,417,330
	250,000	Credit Agricole S.A., 3.250%, 10/04/2024, 144A		261,507
	4,500,000	Credit Agricole S.A., (fixed rate to 1/26/2026, variable rate thereafter), 1.247%, 1/26/2027, 144A(b)		4,378,767
	1,300,000	Edenred, 1.875%, 3/06/2026, (EUR)		1,575,377
	1,400,000	Engie S.A., 1.250%, 10/24/2041, (EUR)		1,591,142
	500,000	Holding d’Infrastructures de Transport SASU, EMTN, 0.625%, 3/27/2023, (EUR)		573,141
	500,000	Holding d’Infrastructures de Transport SASU, EMTN, 1.625%, 11/27/2027, (EUR)		595,112
	1,015,000	Societe Generale S.A., 4.750%, 11/24/2025, 144A		1,102,544
	230,000	SPCM S.A., 3.125%, 3/15/2027, 144A		227,281
	215,000	SPCM S.A., 3.375%, 3/15/2030, 144A		206,937

				13,050,349


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Germany – 0.2%
	$ 1,165,000	BMW U.S. Capital LLC, 3.150%, 4/18/2024, 144A(b)	$	1,216,531
	1,395,000	BMW U.S. Capital LLC, 4.150%, 4/09/2030, 144A(b)		1,579,569
	2,255,000	Deutsche Bank AG, (fixed rate to 10/14/2030, variable rate thereafter), 3.729%, 1/14/2032		2,305,331
	220,000	Deutsche Bank AG, (fixed rate to 5/28/2031, variable rate thereafter), 3.035%, 5/28/2032		221,680
	3,220,000	Fraport AG Frankfurt Airport Services Worldwide, 1.875%, 3/31/2028, (EUR)		3,771,256
	3,790,000	Kreditanstalt fuer Wiederaufbau, EMTN, 1.250%, 8/28/2023, (NOK)		429,448
	1,450,000	Siemens Financieringsmaatschappij NV, 2.350%, 10/15/2026, 144A(b)		1,491,787
	490,000	Volkswagen Group of America Finance LLC, 1.625%, 11/24/2027, 144A		475,229
	420,000	Volkswagen Group of America Finance LLC, 3.350%, 5/13/2025, 144A		441,882

				11,932,713

		Hong Kong – 0.1%
	355,000	AIA Group Ltd., 3.200%, 3/11/2025, 144A		370,835
	1,405,000	AIA Group Ltd., 3.600%, 4/09/2029(b)		1,533,146
	1,135,000	AIA Group Ltd., 3.900%, 4/06/2028, 144A(b)		1,252,396

				3,156,377

		India – 0.3%
	1,195,000	Adani Ports & Special Economic Zone Ltd., 3.100%, 2/02/2031, 144A		1,137,963
	2,480,000	Adani Ports & Special Economic Zone Ltd., 4.200%, 8/04/2027		2,573,288
	2,940,000	Bharti Airtel Ltd., 3.250%, 6/03/2031		2,972,626
	2,790,000	Export-Import Bank of India, 2.250%, 1/13/2031, 144A		2,622,524
	1,230,000	ICICI Bank Ltd., EMTN, 3.250%, 9/09/2022		1,242,670
	1,250,000	Power Finance Corp. Ltd., 3.950%, 4/23/2030, 144A		1,288,100
	2,420,000	Shriram Transport Finance Co. Ltd., 4.400%, 3/13/2024		2,450,250

				14,287,421

		Indonesia – 0.2%
	300,000	Indonesia Government International Bond, 4.125%, 1/15/2025, 144A		323,298
	735,000	Indonesia Government International Bond, 4.750%, 1/08/2026		820,411


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Indonesia – continued
	50,092,000,000	Indonesia Treasury Bond, Series FR75, 7.500%, 5/15/2038, (IDR)	$	3,662,200
	43,840,000,000	Indonesia Treasury Bond, Series FR82, 7.000%, 9/15/2030, (IDR)		3,186,686
	1,475,000	Republic of Indonesia, 2.850%, 2/14/2030		1,538,587
	525,000	Republic of Indonesia, 4.750%, 1/08/2026, 144A		586,157

				10,117,339

		Ireland – 0.2%
	645,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.000%, 10/29/2028		654,117
	3,245,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.300%, 1/30/2032		3,305,914
	1,250,000	Bank of Ireland Group PLC, 4.500%, 11/25/2023, 144A		1,322,614
	3,710,000	Ireland Government Bond, Zero Coupon, 0.029%, 10/18/2031, (EUR)(b)(c)		4,118,694
	375,000	Ireland Government Bond, 3.400%, 3/18/2024, (EUR)		464,478

				9,865,817

		Israel – 0.6%
	10,950,000	State of Israel, 1.000%, 3/31/2030, (ILS)(b)		3,515,982
	2,750,000	Teva Pharmaceutical Finance Co. LLC, 6.150%, 2/01/2036		2,882,825
	4,140,000	Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026		3,891,600
	20,256,000	Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046		17,116,320
	4,475,000	Teva Pharmaceutical Finance Netherlands III BV, 4.750%, 5/09/2027		4,434,143
	510,000	Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/09/2029		499,958

				32,340,828

		Italy – 0.5%
	175,000	Assicurazioni Generali SpA, EMTN, (fixed rate to 10/27/2027, variable rate thereafter), 5.500%, 10/27/2047, (EUR)		241,726
	200,000	Intesa Sanpaolo SpA, 5.710%, 1/15/2026, 144A		221,207
	530,000	Intesa Sanpaolo SpA, EMTN, 3.928%, 9/15/2026, (EUR)		664,455
	6,965,000	Italy Buoni Poliennali Del Tesoro, 1.350%, 4/01/2030, (EUR)		8,193,168
	3,305,000	Italy Buoni Poliennali Del Tesoro, 2.000%, 2/01/2028, (EUR)		4,074,665
	4,255,000	Italy Buoni Poliennali Del Tesoro, 5.000%, 3/01/2022, (EUR)		4,887,479


Principal Amount (‡)			Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
			Italy – continued
$	1,975,000		Italy Government International Bond, 2.375%, 10/17/2024	$	2,023,203
	3,335,000		Republic of Italy, 2.500%, 11/15/2025, (EUR)		4,127,226
	630,000		UniCredit SpA, (fixed rate to 4/02/2029, variable rate thereafter), 7.296%, 4/02/2034, 144A		754,759
	635,000		UniCredit SpA, (fixed rate to 6/19/2027, variable rate thereafter), 5.861%, 6/19/2032, 144A		694,569

					25,882,457

			Japan – 0.8%
	993,396,600	(†††)	Japan Government CPI Linked Bond, Series 23, 0.100%, 3/10/2028, (JPY)(b)		8,939,767
	2,020,350,000		Japan Government Thirty Year Bond, Series 62, 0.500%, 3/20/2049, (JPY)(b)		16,884,667
	3,000,000		Mitsubishi UFJ Financial Group, Inc., (fixed rate to 10/13/2026, variable rate thereafter), 1.640%, 10/13/2027(b)		2,960,801
	2,020,000		Mizuho Financial Group, Inc., 2.564%, 9/13/2031(b)		1,968,782
	2,000,000		Mizuho Financial Group, Inc., (fixed rate to 7/10/2023, variable rate thereafter), 1.241%, 7/10/2024(b)		2,004,843
	2,000,000		Nomura Holdings, Inc., 1.851%, 7/16/2025		1,998,703
	3,050,000		Sumitomo Mitsui Financial Group, Inc., 1.402%, 9/17/2026(b)		2,976,976
	1,445,000		Sumitomo Mitsui Financial Group, Inc., 3.040%, 7/16/2029(b)		1,506,046
	2,790,000		Toyota Motor Corp., 2.362%, 3/25/2031(b)		2,874,732

					42,115,317

			Korea – 0.9%
	765,000		Export-Import Bank of Korea, 3.000%, 11/01/2022		779,137
	160,900,000		Export-Import Bank of Korea, MTN, 6.750%, 8/09/2022, (INR)(b)		2,180,325
	636,300,000		Export-Import Bank of Korea, MTN, 6.900%, 2/07/2023, (INR)(b)(d)(e)		8,686,337
	1,100,000		Hyundai Capital Services, Inc., 3.750%, 3/05/2023, 144A		1,132,018
	1,650,000		Kia Corp., 1.750%, 10/16/2026, 144A		1,633,500
	1,575,000		Kia Corp., 3.000%, 4/25/2023, 144A		1,614,879
	2,720,000		Kookmin Bank, 1.375%, 5/06/2026, 144A(b)		2,688,883
	1,515,000		Korea East-West Power Co. Ltd., 1.750%, 5/06/2025, 144A(b)		1,525,729
	910,000		Korea Gas Corp., 2.750%, 7/20/2022, 144A(b)		919,701


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Korea – continued
$	670,000	KT Corp., 2.500%, 7/18/2026, 144A	$	691,978
	1,180,000	LG Chem Ltd., 3.250%, 10/15/2024, 144A		1,241,549
	4,500,000,000	Republic of Korea, 0.875%, 12/10/2023, (KRW)(b)		3,729,542
	4,500,000,000	Republic of Korea, 1.125%, 9/10/2025, (KRW)(b)		3,678,685
	13,130,550,000	Republic of Korea, 1.500%, 12/10/2030, (KRW)(b)		10,367,408
	1,440,000,000	Republic of Korea, Series 2209, 2.000%, 9/10/2022, (KRW)(b)		1,216,702
	770,000	Shinhan Bank Co. Ltd., 3.875%, 3/24/2026, 144A		822,642
	2,765,000	SK Hynix, Inc., 2.375%, 1/19/2031, 144A		2,660,935
	140,000	SK Telecom Co. Ltd., 6.625%, 7/20/2027, 144A		173,838

				45,743,788

		Luxembourg – 0.0%
	920,000	ArcelorMittal S.A., 6.750%, 3/01/2041		1,242,092

		Malaysia – 0.1%
	28,570,000	Malaysia Government Bond, 3.480%, 3/15/2023, (MYR)(b)		6,962,203

		Mexico – 1.0%
	620,000	Alfa SAB de CV, 6.875%, 3/25/2044		804,450
	770,000	America Movil SAB de CV, 2.125%, 3/10/2028, (EUR)		956,325
	860,000	America Movil SAB de CV, 2.875%, 5/07/2030		892,043
	10,000,000	America Movil SAB de CV, 6.450%, 12/05/2022, (MXN)		485,751
	730,000	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander, 5.375%, 4/17/2025, 144A		796,620
	1,905,000	Cemex SAB de CV, 3.875%, 7/11/2031, 144A		1,898,009
	855,000	Cemex SAB de CV, 5.450%, 11/19/2029		915,919
	400,000	Cemex SAB de CV, 7.375%, 6/05/2027, 144A		440,404
	1,775,000	Coca-Cola Femsa SAB de CV, 2.750%, 1/22/2030(b)		1,815,399
	1,205,000	Comision Federal de Electricidad, 4.750%, 2/23/2027		1,333,043
	800,000	Gruma SAB de CV, 4.875%, 12/01/2024		869,008


Principal Amount (‡)			Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
			Mexico – continued
	10,000,000		Grupo Televisa SAB, EMTN, 7.250%, 5/14/2043, (MXN)	$	339,948
	840,000		Kimberly-Clark de Mexico SAB de CV, 2.431%, 7/01/2031, 144A		830,096
	1,707,184	(††††)	Mexican Fixed Rate Bonds, Series M, 5.750%, 3/05/2026, (MXN)		7,859,191
	1,294,043	(††††)	Mexican Fixed Rate Bonds, Series M 20, 8.500%, 5/31/2029, (MXN)		6,692,330
	637,836	(††††)	Mexican Fixed Rate Bonds, Series M 30, 8.500%, 11/18/2038, (MXN)		3,277,883
	724,558	(††††)	Mexican Fixed Rate Bonds, Series M-20, 7.500%, 6/03/2027, (MXN)		3,547,965
	2,665,000		Mexico Government International Bond, 3.250%, 4/16/2030		2,728,640
	196,000		Mexico Government International Bond, 4.000%, 3/15/2115, (EUR)		239,235
	1,850,000		Orbia Advance Corp. SAB de CV, 1.875%, 5/11/2026, 144A		1,819,845
	1,240,000		Orbia Advance Corp. SAB de CV, 4.000%, 10/04/2027		1,325,572
	3,505,000		Petroleos Mexicanos, 5.950%, 1/28/2031		3,405,896
	100,000		Sigma Alimentos S.A. de CV, 2.625%, 2/07/2024, 144A, (EUR)		118,200
	835,000		Sigma Alimentos S.A. de CV, 4.125%, 5/02/2026		885,255
	2,090,000		Sigma Finance Netherlands BV, 4.875%, 3/27/2028		2,325,125
	1,010,000		Unifin Financiera SAB de CV, 7.250%, 9/27/2023		924,079
	2,195,000		Unifin Financiera SAB de CV, 9.875%, 1/28/2029		1,849,309

					49,375,540

			Netherlands – 0.1%
	870,000		Cooperatieve Rabobank U.A., 4.375%, 8/04/2025		943,924
	1,725,000		ING Groep NV, (fixed rate to 7/01/2025, variable rate thereafter), 1.400%, 7/01/2026, 144A(b)		1,706,767

					2,650,691

			New Zealand – 0.4%
	3,495,000		ANZ New Zealand International Ltd., 1.250%, 6/22/2026, 144A(b)		3,436,056
	2,200,000		Bank of New Zealand, 1.000%, 3/03/2026, 144A(b)		2,139,932
	5,000,000		Fonterra Co-operative Group Ltd., MTN, 5.500%, 2/26/2024, (AUD)(b)		3,965,218
	10,700,000		New Zealand Government Bond, 0.500%, 5/15/2024, (NZD)(b)		7,083,295
	6,310,000		New Zealand Government Bond, 1.500%, 5/15/2031, (NZD)(b)		4,027,886


Principal Amount (‡)	Description	Value (†)
Bonds and Notes – continued
Non-Convertible Bonds – continued
	New Zealand – continued
3,575,000	New Zealand Government Bond, 3.000%, 4/20/2029, (NZD)(b)	$	2,564,553

			23,216,940

	Nigeria – 0.0%
1,975,000	Nigeria Government International Bond, 6.125%, 9/28/2028, 144A		1,906,922

	Norway – 0.3%
3,660,000	DNB Bank ASA, (fixed rate to 5/25/2026, variable rate thereafter), 1.535%, 5/25/2027, 144A(b)		3,607,997
2,790,000	Equinor ASA, 3.625%, 4/06/2040(b)		3,099,624
16,500,000	Norway Government Bond, Series 478, 1.500%, 2/19/2026, 144A, (NOK)(b)		1,865,742
46,500,000	Norway Government Bond, Series 482, 1.375%, 8/19/2030, 144A, (NOK)(b)		5,144,302

			13,717,665

	Panama – 0.0%
1,485,000	Cable Onda S.A., 4.500%, 1/30/2030, 144A		1,524,798

	Paraguay – 0.0%
1,420,000	Paraguay Government International Bond, 4.950%, 4/28/2031, 144A		1,593,950
800,000	Republic of Paraguay, 5.000%, 4/15/2026, 144A		887,000

			2,480,950

	Peru – 0.2%
3,220,000	Corp. Financiera de Desarrollo S.A., 2.400%, 9/28/2027, 144A		3,130,967
2,005,000	Peruvian Government International Bond, 2.392%, 1/23/2026		2,035,095
2,455,000	Peruvian Government International Bond, 3.000%, 1/15/2034		2,445,180
1,050,000	Transportadora de Gas del Peru S.A., 4.250%, 4/30/2028, 144A		1,111,698

			8,722,940

	Philippines – 0.0%
1,060,000	Philippine Government International Bond, 2.457%, 5/05/2030		1,092,828

	Poland – 0.2%
26,400,000	Republic of Poland Government Bond, 1.250%, 10/25/2030, (PLN)(b)		5,397,253
12,970,000	Republic of Poland Government Bond, 3.250%, 7/25/2025, (PLN)(b)		3,161,641

			8,558,894


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Portugal – 0.1%
$	3,590,000	EDP Finance BV, 1.710%, 1/24/2028, 144A	$	3,494,183

		Qatar – 0.1%
	1,770,000	Ooredoo International Finance Ltd., 2.625%, 4/08/2031, 144A(b)		1,776,637
	1,600,000	Qatar Energy, 2.250%, 7/12/2031, 144A(b)		1,584,909

				3,361,546

		Romania – 0.1%
	29,970,000	Romania Government Bond, 4.150%, 10/24/2030, (RON)		6,374,429
	1,100,000	Romania Government International Bond, 2.000%, 4/14/2033, 144A, (EUR)		1,140,036

				7,514,465

		Singapore – 0.3%
	785,000	BOC Aviation Ltd., 2.750%, 9/18/2022, 144A		791,022
	1,450,000	BOC Aviation Ltd., 3.250%, 4/29/2025, 144A		1,505,621
	860,000	BOC Aviation USA Corp., 1.625%, 4/29/2024, 144A		858,700
	345,000	DBS Group Holdings Ltd., (fixed rate to 12/11/2023, variable rate thereafter), 4.520%, 12/11/2028, 144A		364,475
	4,510,000	Republic of Singapore, 2.750%, 7/01/2023, (SGD)(b)		3,447,648
	10,055,000	Singapore Government Bond, 2.125%, 6/01/2026, (SGD)(b)		7,725,896

				14,693,362

		South Africa – 0.4%
	1,400,000	Anglo American Capital PLC, 2.625%, 9/10/2030, 144A		1,372,784
	1,400,000	Anglo American Capital PLC, 5.625%, 4/01/2030, 144A		1,658,786
	1,420,000	MTN (Mauritius) Investments Ltd., 4.755%, 11/11/2024		1,481,770
	930,000	MTN (Mauritius) Investments Ltd., 4.755%, 11/11/2024, 144A		970,455
	116,835,000	Republic of South Africa, Series 2035, 8.875%, 2/28/2035, (ZAR)		6,572,290
	39,185,000	Republic of South Africa, Series R213, 7.000%, 2/28/2031, (ZAR)		2,067,017
	7,585,000	South Africa Government International Bond, 5.750%, 9/30/2049		7,289,185

				21,412,287

		Spain – 0.4%
	2,300,000	Banco Bilbao Vizcaya Argentaria S.A., GMTN, 0.750%, 9/11/2022, (EUR)		2,638,979


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Spain – continued
$	400,000	Banco Santander S.A., 3.125%, 2/23/2023	$	409,411
	2,000,000	Banco Santander S.A., (fixed rate to 9/14/2026, variable rate thereafter), 1.722%, 9/14/2027		1,963,606
	600,000	CaixaBank S.A., (fixed rate to 4/17/2025, variable rate thereafter), EMTN, 2.250%, 4/17/2030, (EUR)		709,213
	500,000	CaixaBank S.A., (fixed rate to 7/14/2023, variable rate thereafter), EMTN, 2.750%, 7/14/2028, (EUR)		587,739
	3,700,000	Cellnex Telecom S.A., EMTN, 1.750%, 10/23/2030, (EUR)		4,046,638
	270,000	Grifols Escrow Issuer S.A., 4.750%, 10/15/2028, 144A		275,460
	700,000	Naturgy Finance BV, EMTN, 1.500%, 1/29/2028, (EUR)		850,245
	430,000	Spain Government Bond, 1.600%, 4/30/2025, 144A, (EUR)		521,427
	2,525,000	Spain Government Bond, 1.950%, 7/30/2030, 144A, (EUR)		3,255,553
	2,565,000	Spain Government Bond, 4.400%, 10/31/2023, 144A, (EUR)		3,186,216

				18,444,487

		Supranationals – 0.3%
	1,495,000	Corporacion Andina de Fomento, 2.375%, 5/12/2023(b)		1,522,670
	1,115,000	Corporacion Andina de Fomento, 4.375%, 6/15/2022(b)		1,133,690
	3,360,000	European Investment Bank, 1.750%, 7/30/2024, 144A, (CAD)(b)		2,688,027
	2,560,000	International Bank for Reconstruction & Development, 0.250%, 12/23/2022, (SEK)		283,695
	10,030,000	International Bank for Reconstruction & Development, 1.200%, 7/22/2026, (CAD)(b)		7,804,362
	16,750,000	Nordic Investment Bank, EMTN, 1.500%, 3/13/2025, (NOK)(b)		1,890,962

				15,323,406

		Sweden – 0.1%
	1,675,000	Svenska Handelsbanken AB, 0.625%, 6/30/2023, 144A(b)		1,670,148
	38,000,000	Sweden Government Bond, 0.125%, 5/12/2031, 144A, (SEK)(b)		4,141,039

				5,811,187

		Switzerland – 0.1%
	930,000	Credit Suisse AG, 2.950%, 4/09/2025		973,462
	3,855,000	Credit Suisse Group AG, (fixed rate to 5/14/2031, variable rate thereafter), 3.091%, 5/14/2032, 144A(b)		3,922,662
	1,375,000	Novartis Capital Corp., 2.000%, 2/14/2027(b)		1,397,009


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Switzerland – continued
$	340,000	Willow No. 2 (Ireland) PLC for Zurich Insurance Co. Ltd., EMTN, (fixed rate to 10/01/2025, variable rate thereafter), 4.250%, 10/01/2045	$	357,595

				6,650,728

		Taiwan – 0.0%
	1,925,000	TSMC Arizona Corp., 2.500%, 10/25/2031(b)		1,949,490

		Tanzania – 0.1%
	2,990,000	AngloGold Ashanti Holdings PLC, 3.375%, 11/01/2028		2,960,065
	985,000	HTA Group Ltd., 7.000%, 12/18/2025, 144A		1,025,385

				3,985,450

		Thailand – 0.1%
	1,570,000	Kasikornbank PCL, EMTN, 3.256%, 7/12/2023		1,618,548
	950,000	Thaioil Treasury Center Co. Ltd., 3.625%, 1/23/2023, 144A		967,946

				2,586,494

		Trinidad – 0.0%
	415,000	Trinidad Generation Unlimited, 5.250%, 11/04/2027, 144A		421,229

		Turkey – 0.3%
	2,045,000	Aydem Yenilenebilir Enerji A/S, 7.750%, 2/02/2027, 144A		1,650,601
	2,250,000	TC Ziraat Bankasi A/S, 5.375%, 3/02/2026, 144A		2,029,761
	2,830,000	Turk Telekomunikasyon AS, 6.875%, 2/28/2025		2,864,752
	525,000	Turk Telekomunikasyon AS, 6.875%, 2/28/2025, 144A		531,447
	2,875,000	Turkcell Iletisim Hizmetleri AS, 5.800%, 4/11/2028		2,745,625
	6,970,000	Turkey Government International Bond, 5.250%, 3/13/2030		5,989,377
	1,345,000	Turkey Government International Bond, 7.625%, 4/26/2029		1,343,346

				17,154,909

		United Arab Emirates – 0.1%
	1,610,000	Abu Dhabi Crude Oil Pipeline LLC, 3.650%, 11/02/2029(b)		1,771,000
	1,295,000	Abu Dhabi Government International Bond, 3.125%, 4/16/2030, 144A(b)		1,402,161

				3,173,161


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United Kingdom – 0.2%
$	95,000	Avon Products, Inc., 8.450%, 3/15/2043	$	116,850
	1,350,000	CK Hutchison International 19 Ltd., 3.625%, 4/11/2029, 144A(b)		1,476,728
	1,420,000	Diageo Capital PLC, 2.125%, 4/29/2032		1,408,438
	635,000	Lloyds Banking Group PLC, 4.050%, 8/16/2023		665,291
	1,125,000	Lloyds Banking Group PLC, (fixed rate to 7/09/2024, variable rate thereafter), 3.870%, 7/09/2025(b)		1,188,425
	1,395,000	Nationwide Building Society, (fixed rate to 7/18/2029, variable rate thereafter), 3.960%, 7/18/2030, 144A(b)		1,532,603
	1,190,000	NatWest Markets PLC, 0.800%, 8/12/2024, 144A(b)		1,170,328
	235,000	Network Rail Infrastructure Finance PLC, EMTN, 4.750%, 1/22/2024, (GBP)		342,688
	1,455,000	Standard Chartered PLC, (fixed rate to 11/18/2030, variable rate thereafter), 3.265%, 2/18/2036, 144A		1,435,692
	250,000	Standard Chartered PLC, EMTN, 3.125%, 11/19/2024, (EUR)		307,087
	1,035,000	United Kingdom Gilt, 2.750%, 9/07/2024, (GBP)(b)		1,476,713
	1,660,000	Vodafone Group PLC, 4.375%, 5/30/2028		1,867,808

				12,988,651

		United States – 10.8%
	165,000	AES Corp. (The), 3.950%, 7/15/2030, 144A		175,791
	315,000	Aircastle Ltd., (fixed rate to 6/15/2026, variable rate thereafter), 5.250%, 144A(f)		321,300
	480,000	Allison Transmission, Inc., 4.750%, 10/01/2027, 144A		499,920
	1,145,000	Ally Financial, Inc., Series B, (fixed rate to 5/15/2026, variable rate thereafter), 4.700%(f)		1,187,937
	965,000	Ally Financial, Inc., Series C, (fixed rate to 5/15/2028, variable rate thereafter), 4.700%(f)		994,722
	435,000	AMC Networks, Inc., 4.250%, 2/15/2029		432,281
	70,000	American Airlines Group, Inc., 3.750%, 3/01/2025, 144A		65,450
	1,416,756	American Airlines Pass Through Trust, Series 2016-1, Class B, 5.250%, 7/15/2025		1,400,931
	1,131,315	American Airlines Pass Through Trust, Series 2016-3, Class B, 3.750%, 4/15/2027		1,069,806
	336,330	American Airlines Pass Through Trust, Series 2017-1B, Class B, 4.950%, 8/15/2026		335,052
	407,061	American Airlines Pass Through Trust, Series 2017-2, Class B, 3.700%, 4/15/2027		392,528
	1,430,000	American Airlines, Inc., 11.750%, 7/15/2025, 144A		1,764,262


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	220,000	American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.500%, 4/20/2026, 144A	$	228,773
	255,000	American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.750%, 4/20/2029, 144A		272,524
	3,975,000	Apple, Inc., Series MPLE, 2.513%, 8/19/2024, (CAD)(b)		3,218,620
	260,000	Aptiv PLC, 1.600%, 9/15/2028, (EUR)		313,679
	2,630,000	Ares Capital Corp., 3.200%, 11/15/2031		2,585,769
	1,300,000	Ashland LLC, 3.375%, 9/01/2031, 144A		1,290,250
	945,000	Athene Global Funding, 1.608%, 6/29/2026, 144A		927,582
	980,000	Avantor Funding, Inc., 3.875%, 11/01/2029, 144A		990,692
	2,865,000	Bank of America Corp., (fixed rate to 9/15/2026, variable rate thereafter), 1.978%, 9/15/2027, (CAD)(b)		2,238,707
	2,345,000	Bank of America Corp., MTN, (fixed rate to 6/14/2023, variable rate thereafter), 0.523%, 6/14/2024		2,329,438
	675,000	Barings BDC, Inc., 3.300%, 11/23/2026, 144A		667,596
	3,205,000	Bausch Health Cos., Inc., 5.000%, 1/30/2028, 144A		2,948,600
	640,000	Bausch Health Cos., Inc., 5.250%, 1/30/2030, 144A		563,200
	1,860,000	Bausch Health Cos., Inc., 5.250%, 2/15/2031, 144A		1,634,475
	1,140,000	Beazer Homes USA, Inc., 7.250%, 10/15/2029		1,270,758
	500,000	Block, Inc., 3.500%, 6/01/2031, 144A		512,500
	2,240,000	Boeing Co. (The), 2.196%, 2/04/2026		2,239,466
	140,000	Boeing Co. (The), 3.100%, 5/01/2026		145,876
	25,000	Boeing Co. (The), 3.250%, 2/01/2035		25,191
	165,000	Boeing Co. (The), 3.550%, 3/01/2038		167,792
	25,000	Boeing Co. (The), 3.625%, 3/01/2048		24,757
	90,000	Boeing Co. (The), 3.750%, 2/01/2050		93,259
	635,000	Boeing Co. (The), 3.850%, 11/01/2048		659,058
	640,000	Boeing Co. (The), 3.950%, 8/01/2059		664,774
	875,000	BPR Trust, Series 2021-NRD, Class F, 30-day Average SOFR + 6.870%, 6.970%, 12/15/2023, 144A(g)		872,823
	690,000	Broadcom, Inc., 3.187%, 11/15/2036, 144A		688,798


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	6,085,000	Carnival Corp., 5.750%, 3/01/2027, 144A	$	6,085,000
	2,125,000	Carnival Corp., 6.000%, 5/01/2029, 144A		2,114,375
	1,720,000	Carvana Co., 5.500%, 4/15/2027, 144A		1,702,800
	260,000	Catalent Pharma Solutions, Inc., 3.125%, 2/15/2029, 144A		256,464
	12,500,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A		12,633,250
	3,810,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 1/15/2034, 144A		3,748,383
	2,510,000	Centene Corp., 2.500%, 3/01/2031		2,443,523
	160,000	Centene Corp., 2.625%, 8/01/2031		156,800
	975,000	Centene Corp., 3.000%, 10/15/2030		991,097
	165,000	Charles River Laboratories International, Inc., 3.750%, 3/15/2029, 144A		166,650
	175,000	Charles River Laboratories International, Inc., 4.000%, 3/15/2031, 144A		179,307
	1,085,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 3.950%, 6/30/2062		1,045,267
	6,835,000	Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.400%, 12/01/2061		7,070,856
	1,240,000	Clear Channel Worldwide Holdings, Inc., 5.125%, 8/15/2027, 144A		1,283,102
	5,315,000	CommScope Technologies LLC, 5.000%, 3/15/2027, 144A		4,969,525
	7,265,000	CommScope, Inc., 4.750%, 9/01/2029, 144A		7,220,030
	200,000	Continental Resources, Inc., 2.875%, 4/01/2032, 144A		195,651
	95,000	Continental Resources, Inc., 3.800%, 6/01/2024		99,129
	920,000	Continental Resources, Inc., 5.750%, 1/15/2031, 144A		1,083,410
	11,285,000	CSC Holdings LLC, 4.625%, 12/01/2030, 144A		10,678,431
	1,845,000	CSC Holdings LLC, 5.000%, 11/15/2031, 144A		1,778,119
	595,000	CSC Holdings LLC, 5.375%, 2/01/2028, 144A		616,045
	495,000	CSC Holdings LLC, 5.750%, 1/15/2030, 144A		493,144
	490,000	Dana, Inc., 5.375%, 11/15/2027		513,861
	2,235,000	DCP Midstream Operating LP, 3.250%, 2/15/2032		2,251,762


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	380,000	DCP Midstream Operating LP, 5.125%, 5/15/2029	$	429,400
	940,000	DH Europe Finance II S.a.r.l., 0.750%, 9/18/2031, (EUR)		1,064,346
	50,000	Dillard’s, Inc., 7.000%, 12/01/2028		58,303
	8,000	Dillard’s, Inc., 7.750%, 7/15/2026		9,344
	355,000	DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc., 5.875%, 8/15/2027, 144A		363,417
	705,000	DISH DBS Corp., 5.125%, 6/01/2029		641,550
	2,260,000	DISH DBS Corp., 5.250%, 12/01/2026, 144A		2,295,674
	3,035,000	DISH DBS Corp., 5.875%, 11/15/2024		3,117,734
	1,960,000	DISH DBS Corp., 7.750%, 7/01/2026		2,067,800
	310,000	DR Horton, Inc., 4.375%, 9/15/2022		314,992
	160,000	Edison International, 4.950%, 4/15/2025		174,010
	235,000	Enbridge Energy Partners LP, 7.375%, 10/15/2045		366,467
	575,000	EnLink Midstream Partners LP, 5.450%, 6/01/2047		580,115
	280,000	EPR Properties, 3.600%, 11/15/2031		277,016
	70,000	EQT Corp., 3.125%, 5/15/2026, 144A		71,857
	1,555,000	EQT Corp., 3.625%, 5/15/2031, 144A		1,613,312
	515,000	EQT Corp., 3.900%, 10/01/2027		552,348
	360,000	EQT Corp., 5.000%, 1/15/2029		398,700
	115,000	Everi Holdings, Inc., 5.000%, 7/15/2029, 144A		116,150
	3,780,000	Expedia Group, Inc., 2.950%, 3/15/2031		3,774,632
	575,000	Ford Motor Co., 3.250%, 2/12/2032		588,800
	2,105,000	Ford Motor Co., 6.625%, 10/01/2028		2,531,262
	2,710,000	Freeport-McMoRan, Inc., 4.375%, 8/01/2028		2,842,112
	6,640,000	Freeport-McMoRan, Inc., 5.400%, 11/14/2034		8,084,200
	3,005,000	Freeport-McMoRan, Inc., 5.450%, 3/15/2043		3,777,555
	2,710,000	General Motors Co., 5.200%, 4/01/2045		3,352,956


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	405,000	General Motors Co., 6.250%, 10/02/2043	$	554,218
	100,000	General Motors Financial Co., Inc., EMTN, 0.955%, 9/07/2023, (EUR)		115,596
	635,000	General Motors Financial Co., Inc., EMTN, 2.250%, 9/06/2024, (GBP)		869,089
	770,000	General Motors Financial of Canada Ltd., Series 5, 3.250%, 11/07/2023, (CAD)		624,924
	315,000	Georgia-Pacific LLC, 8.875%, 5/15/2031		486,821
	460,000	GLP Capital LP/GLP Financing II, Inc., 3.250%, 1/15/2032		462,479
	855,000	Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.500%, 3/01/2029, 144A		848,455
	2,340,000	Goldman Sachs Group, Inc. (The), (fixed rate to 9/10/2023, variable rate thereafter), 0.657%, 9/10/2024		2,321,795
	975,000	Goodyear Tire & Rubber Co. (The), 7.000%, 3/15/2028		1,116,043
	830,000	HCA, Inc., 3.500%, 9/01/2030		877,206
	20,000	HCA, Inc., 4.750%, 5/01/2023		20,947
	1,195,000	HCA, Inc., 5.250%, 6/15/2049		1,534,763
	245,000	Hess Midstream Operations LP, 4.250%, 2/15/2030, 144A		243,163
	660,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 4.875%, 7/01/2031, 144A		660,000
	470,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 5.000%, 6/01/2029, 144A		481,750
	3,065,000	Hyundai Capital America, 0.875%, 6/14/2024, 144A		3,005,571
	1,000,000	Hyundai Capital America, 2.650%, 2/10/2025		1,024,799
	835,000	Hyundai Capital America, 2.650%, 2/10/2025, 144A		855,707
	1,585,000	Hyundai Capital America, 2.750%, 9/27/2026, 144A		1,618,612
	1,395,000	Hyundai Capital America, 6.375%, 4/08/2030, 144A		1,758,298
	11,250,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.375%, 2/01/2029		10,968,750
	1,180,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.250%, 5/15/2027		1,213,547
	1,085,000	iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A		1,100,320
	620,000	iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A		644,862
	1,135,000	Iron Mountain, Inc., 4.875%, 9/15/2029, 144A		1,174,702


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	200,000	Jazz Securities DAC, 4.375%, 1/15/2029, 144A	$	207,088
	795,000	JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.750%, 12/01/2031, 144A		806,925
	7,760,000	JELD-WEN, Inc., 4.625%, 12/15/2025, 144A		7,818,200
	1,875,000	JELD-WEN, Inc., 4.875%, 12/15/2027, 144A		1,924,012
	1,135,000	John Deere Capital Corp., MTN, 0.450%, 6/07/2024		1,120,847
	3,185,000	John Deere Financial, Inc., 1.340%, 9/08/2027, (CAD)(b)		2,419,135
	2,435,000	Kraft Heinz Foods Co., 4.375%, 6/01/2046		2,857,692
	1,970,000	Kraft Heinz Foods Co., 5.500%, 6/01/2050		2,667,155
	760,000	Level 3 Financing, Inc., 5.375%, 5/01/2025		776,541
	345,000	Lithia Motors, Inc., 3.875%, 6/01/2029, 144A		353,949
	60,000	Lumen Technologies, Inc., 5.625%, 4/01/2025		63,463
	870,000	Marriott Ownership Resorts, Inc., 4.500%, 6/15/2029, 144A		875,672
	44,000	Masco Corp., 6.500%, 8/15/2032		58,184
	615,000	Medtronic Global Holdings SCA, 1.125%, 3/07/2027, (EUR)		730,194
	2,355,000	Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.500%, 6/20/2027, 144A		2,513,962
	1,025,000	Minerals Technologies, Inc., 5.000%, 7/01/2028, 144A		1,064,647
	435,000	Molina Healthcare, Inc., 3.875%, 5/15/2032, 144A		437,719
	25,000	MPLX LP, 4.500%, 7/15/2023		26,026
	95,000	MPLX LP, 4.875%, 6/01/2025		103,955
	490,000	MSCI, Inc., 3.250%, 8/15/2033, 144A		495,512
	2,135,000	Nationstar Mortgage Holdings, Inc., 5.500%, 8/15/2028, 144A		2,177,700
	4,605,000	Nationwide Mutual Insurance Co., 4.350%, 4/30/2050, 144A		5,274,509
	1,370,000	Navient Corp., 5.000%, 3/15/2027		1,397,208
	421,000	Navient Corp., MTN, 5.625%, 8/01/2033		401,005
	4,600,000	NCL Corp. Ltd., 5.875%, 3/15/2026, 144A		4,579,622
	790,000	NCL Finance Ltd., 6.125%, 3/15/2028, 144A		778,150


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	835,000	Netflix, Inc., 4.875%, 4/15/2028	$	951,900
	2,250,000	Netflix, Inc., 4.875%, 6/15/2030, 144A		2,624,062
	245,000	Netflix, Inc., 5.375%, 11/15/2029, 144A		290,938
	20,000	NGPL PipeCo LLC, 7.768%, 12/15/2037, 144A		28,001
	475,000	Novelis Corp., 4.750%, 1/30/2030, 144A		499,344
	775,000	NRG Energy, Inc., 3.625%, 2/15/2031, 144A		755,625
	300,000	Occidental Petroleum Corp., 4.500%, 7/15/2044		308,898
	2,355,000	Occidental Petroleum Corp., 6.625%, 9/01/2030		2,914,312
	1,795,000	Occidental Petroleum Corp., 8.875%, 7/15/2030		2,420,845
	420,000	Old Republic International Corp., 4.875%, 10/01/2024		457,391
	1,170,000	OneMain Finance Corp., 5.625%, 3/15/2023		1,222,129
	860,000	OneMain Finance Corp., 6.875%, 3/15/2025		956,750
	2,310,000	OneMain Finance Corp., 7.125%, 3/15/2026		2,633,400
	130,000	OneMain Finance Corp., 8.250%, 10/01/2023		143,163
	740,000	Oracle Corp., 3.950%, 3/25/2051		768,199
	750,000	Ovintiv, Inc., 6.500%, 8/15/2034		965,001
	45,000	Ovintiv, Inc., 6.500%, 2/01/2038		58,383
	230,000	Ovintiv, Inc., 6.625%, 8/15/2037		301,093
	30,000	Ovintiv, Inc., 7.200%, 11/01/2031		39,096
	65,000	Ovintiv, Inc., 7.375%, 11/01/2031		84,728
	130,000	Ovintiv, Inc., 8.125%, 9/15/2030		172,867
	8,630,000	Owl Rock Capital Corp., 4.250%, 1/15/2026		9,075,054
	1,550,000	Owl Rock Technology Finance Corp., 2.500%, 1/15/2027		1,517,969
	2,120,000	Owl Rock Technology Finance Corp., 4.750%, 12/15/2025, 144A		2,256,717
	1,250,000	Pacific Gas & Electric Co., 3.500%, 8/01/2050		1,157,953
	1,645,000	Pacific Gas & Electric Co., 3.950%, 12/01/2047		1,584,429


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	310,000	Penn National Gaming, Inc., 4.125%, 7/01/2029, 144A	$	300,700
	1,205,000	Pilgrim’s Pride Corp., 3.500%, 3/01/2032, 144A		1,221,906
	70,000	Pilgrim’s Pride Corp., 4.250%, 4/15/2031, 144A		73,500
	1,060,000	Post Holdings, Inc., 4.500%, 9/15/2031, 144A		1,052,050
	2,165,000	Prologis Euro Finance LLC, 0.250%, 9/10/2027, (EUR)		2,439,143
	1,530,000	Prologis Euro Finance LLC, 0.375%, 2/06/2028, (EUR)		1,733,456
	365,000	Prologis LP, 2.250%, 6/30/2029, (GBP)		518,170
	890,000	Range Resources Corp., 4.875%, 5/15/2025		918,925
	165,000	Range Resources Corp., 5.000%, 3/15/2023		168,713
	1,100,000	Realty Income Corp., EMTN, 1.625%, 12/15/2030, (GBP)		1,455,300
	5,190,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/2026, 144A		5,151,075
	11,981,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031, 144A		12,160,715
	4,435,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.000%, 10/15/2033, 144A		4,492,123
	6,794,000	Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc., 3.625%, 3/01/2029, 144A		6,819,477
	2,175,000	Royal Caribbean Cruises Ltd., 4.250%, 7/01/2026, 144A		2,106,694
	4,130,000	Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028, 144A		4,177,743
	810,000	Santander Holdings USA, Inc., 3.450%, 6/02/2025		849,804
	1,450,000	SBA Communications Corp., 3.125%, 2/01/2029, 144A		1,392,000
	1,020,000	Scientific Games International, Inc., 7.000%, 5/15/2028, 144A		1,086,300
	525,000	Scientific Games International, Inc., 7.250%, 11/15/2029, 144A		585,375
	435,000	Sensata Technologies BV, 4.000%, 4/15/2029, 144A		444,244
	140,000	Silgan Holdings, Inc., 3.250%, 3/15/2025, (EUR)		160,017
	130,000	Skyworks Solutions, Inc., 1.800%, 6/01/2026		128,659
	315,000	Southwestern Energy Co., 4.750%, 2/01/2032		331,728
	2,785,000	Summit Materials LLC/Summit Materials Finance Corp., 5.250%, 1/15/2029, 144A		2,917,009
	410,000	T-Mobile USA, Inc., 2.400%, 3/15/2029, 144A		413,969


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	735,000	T-Mobile USA, Inc., 2.700%, 3/15/2032, 144A	$	739,529
	6,900,000	T-Mobile USA, Inc., 3.375%, 4/15/2029		7,030,686
	5,840,000	T-Mobile USA, Inc., 3.500%, 4/15/2031		6,075,819
	2,805,000	T-Mobile USA, Inc., 3.875%, 4/15/2030		3,067,979
	255,000	Tapestry, Inc., 3.050%, 3/15/2032		256,498
	420,000	Terminix Co. LLC (The), 7.450%, 8/15/2027		525,000
	100,000	Thermo Fisher Scientific, Inc., EMTN, 1.500%, 10/01/2039, (EUR)		114,852
	245,000	Thermo Fisher Scientific, Inc., EMTN, 1.875%, 10/01/2049, (EUR)		285,307
	90,000	Time Warner Cable LLC, 4.500%, 9/15/2042		98,119
	85,000	Time Warner Cable LLC, 5.500%, 9/01/2041		103,055
	400,000	TopBuild Corp., 4.125%, 2/15/2032, 144A		410,500
	1,635,000	Toyota Motor Credit Corp., MTN, 2.650%, 4/12/2022(b)		1,645,282
	635,000	TransDigm, Inc., 5.500%, 11/15/2027		654,050
	50,000	TransDigm, Inc., 7.500%, 3/15/2027		52,250
	2,615,000	TransDigm, Inc., 8.000%, 12/15/2025, 144A		2,758,747
	11,330,000	Travel & Leisure Co., 4.500%, 12/01/2029, 144A		11,426,135
	615,000	Travel & Leisure Co., 4.625%, 3/01/2030, 144A		618,075
	75,000	Travel & Leisure Co., 6.000%, 4/01/2027		81,508
	90,000	Travel & Leisure Co., 6.625%, 7/31/2026, 144A		99,796
	5,000	TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 5.875%, 6/15/2024		5,444
	775,000	TriNet Group, Inc., 3.500%, 3/01/2029, 144A		772,094
	63,766	U.S. Airways Pass Through Trust, Series 2012-1A, Class A, 5.900%, 4/01/2026		66,823
	251,111	U.S. Airways Pass Through Trust, Series 2012-2A, Class A, 4.625%, 12/03/2026		249,855
	4,422,969	U.S. Treasury Inflation Indexed Note, 0.125%, 4/15/2022(b)(h)		4,487,585
	4,465,080	U.S. Treasury Inflation Indexed Note, 0.375%, 7/15/2027(b)(h)		4,953,477
	12,651,745	U.S. Treasury Inflation Indexed Note, 0.625%, 4/15/2023(b)(h)		13,225,522


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
	$36,290,000	U.S. Treasury Note, 0.125%, 1/31/2023(b)(i)	$	36,165,253
	10,300,000	U.S. Treasury Note, 0.125%, 3/31/2023(b)		10,252,523
	7,860,000	U.S. Treasury Note, 0.125%, 4/30/2023(b)		7,817,937
	29,995,000	U.S. Treasury Note, 0.500%, 11/30/2023(b)		29,880,176
	19,120,000	U.S. Treasury Note, 0.875%, 6/30/2026(b)		18,816,769
	8,590,000	U.S. Treasury Note, 1.625%, 10/31/2026(b)		8,735,292
	14,060,000	U.S. Treasury Note, 1.625%, 8/15/2029(b)		14,263,760
	10,235,000	U.S. Treasury Note, 1.750%, 11/15/2029(b)(i)		10,490,875
	4,515,000	U.S. Treasury Note, 1.875%, 3/31/2022		4,534,243
	4,700,000	U.S. Treasury Note, 2.875%, 5/15/2028(b)		5,120,613
	13,090,000	Uber Technologies, Inc., 4.500%, 8/15/2029, 144A		13,330,071
	10,745,000	Uber Technologies, Inc., 6.250%, 1/15/2028, 144A		11,534,757
	1,080,000	Uber Technologies, Inc., 7.500%, 9/15/2027, 144A		1,175,359
	335,278	United Airlines Pass Through Trust, Series 2016-2, Class B, 3.650%, 4/07/2027		329,317
	2,276,316	United Airlines Pass Through Trust, Series 2020-1, Class A, 5.875%, 4/15/2029		2,488,173
	195,000	United Airlines, Inc., 4.375%, 4/15/2026, 144A		203,333
	290,000	United Airlines, Inc., 4.625%, 4/15/2029, 144A		299,063
	390,000	Verizon Communications, Inc., 2.850%, 9/03/2041		384,747
	3,095,000	Verizon Communications, Inc., Series MPLE, 2.500%, 5/16/2030, (CAD)		2,428,582
	130,000	Western Digital Corp., 2.850%, 2/01/2029		131,252
	90,000	Western Digital Corp., 3.100%, 2/01/2032		90,657
	360,000	Western Midstream Operating LP, 5.300%, 2/01/2030		395,654
	555,000	Western Midstream Operating LP, 5.300%, 3/01/2048		668,778
	150,000	Western Midstream Operating LP, 5.450%, 4/01/2044		179,250
	115,000	Western Midstream Operating LP, 5.500%, 8/15/2048		137,370
	475,000	Western Midstream Operating LP, 6.500%, 2/01/2050		561,690


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		United States – continued
$	60,000	Weyerhaeuser Co., 6.950%, 10/01/2027	$	75,827
	315,000	Weyerhaeuser Co., 7.375%, 3/15/2032		443,158
	1,595,000	Yum! Brands, Inc., 4.625%, 1/31/2032		1,694,879

				551,686,846

		Uruguay – 0.1%
	1,415,000	Uruguay Government International Bond, 4.375%, 1/23/2031		1,629,033
	86,955,000	Uruguay Government International Bond, 8.250%, 5/21/2031, (UYU)		1,866,381

				3,495,414

		Total Non-Convertible Bonds (Identified Cost $1,390,360,572)		1,397,960,102

	Convertible Bonds – 2.1%
		United States – 2.1%
	3,485,000	BioMarin Pharmaceutical, Inc., 0.599%, 8/01/2024		3,643,916
	18,255,000	BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027		19,041,790
	5,315,000	DISH Network Corp., Zero Coupon, 0.000%, 12/15/2025(c)		5,328,394
	545,000	DISH Network Corp., 2.375%, 3/15/2024		521,838
	24,620,000	DISH Network Corp., 3.375%, 8/15/2026		23,304,135
	50,000	Expedia Group, Inc., Zero Coupon, 0.000%, 2/15/2026, 144A(c)		57,525
	805,000	Ionis Pharmaceuticals, Inc., Zero Coupon, 0.000%-0.979%, 4/01/2026, 144A(j)		707,917
	305,000	JetBlue Airways Corp., 0.500%, 4/01/2026, 144A		284,326
	5,320,000	Livongo Health, Inc., 0.875%, 6/01/2025		6,100,870
	6,630,000	NCL Corp. Ltd., 1.125%, 2/15/2027, 144A		6,230,476
	550,000	Nutanix, Inc., 0.250%, 10/01/2027, 144A		500,500
	1,060,000	Palo Alto Networks, Inc., 0.375%, 6/01/2025		2,008,064
	810,000	Peloton Interactive, Inc., Zero Coupon, 0.519%-1.734%, 2/15/2026, 144A(j)		686,475
	230,000	Penn National Gaming, Inc., 2.750%, 5/15/2026		545,101
	10,035,000	Southwest Airlines Co., 1.250%, 5/01/2025(b)		13,376,655
	1,340,000	Splunk, Inc., 1.125%, 6/15/2027		1,249,550


Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Convertible Bonds – continued
		United States – continued
	$13,885,000	Teladoc Health, Inc., 1.250%, 6/01/2027	$	12,644,028
	1,100,000	Twitter, Inc., Zero Coupon, 0.000%-1.483%, 3/15/2026, 144A(j)		985,160
	6,428,000	Uber Technologies, Inc., Zero Coupon, 0.000%-1.922%, 12/15/2025(j)		6,357,099
	120,000	Zillow Group, Inc., 1.375%, 9/01/2026		192,825
	1,610,000	Zynga, Inc., Zero Coupon, 0.456%-1.992%, 12/15/2026(j)		1,469,272

		Total Convertible Bonds (Identified Cost $109,084,396)		105,235,916

	Municipals – 0.0%
		United States – 0.0%
	125,000	Tobacco Settlement Financing Corp., Series A-1, 6.706%, 6/01/2046 (Identified Cost $124,989)		131,318

		Total Bonds and Notes (Identified Cost $1,499,569,957)		1,503,327,336

	Senior Loans – 0.0%
		United States – 0.0%
	520,569	Hilton Grand Vacations Borrower LLC, 2021 Term Loan B, 1-month LIBOR + 3.000%, 3.500%, 8/02/2028(g)(k)		520,960
	440,785	Jazz Financing Lux S.a.r.l., USD Term Loan, 1-month LIBOR + 3.500%, 4.000%, 5/05/2028(g)(k)		442,191
	469,394	Medline Borrower, LP, USD Term Loan B, 1-month LIBOR + 3.250%, 3.750%, 10/23/2028(g)(k)		469,187
	494,886	United Airlines, Inc., 2021 Term Loan B, 3-month LIBOR + 3.750%, 4.500%, 4/21/2028(g)(l)		495,559

		Total Senior Loans (Identified Cost $1,916,628)		1,927,897


Shares
	Preferred Stocks – 0.1%
	Convertible Preferred Stocks – 0.1%
		United States – 0.1%
	3,849	2020 Cash Mandatory Exchangeable Trust, 5.250%, 144A(d)(e)		4,013,391
	38,952	El Paso Energy Capital Trust I, 4.750%		1,970,582

				5,983,973

		Total Convertible Preferred Stocks (Identified Cost $5,747,812)		5,983,973

		Total Preferred Stocks (Identified Cost $5,747,812)		5,983,973


Principal Amount (‡)		Description	Value (†)
	Short-Term Investments – 1.4%
	$72,725,887	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/2021 at 0.000% to be repurchased at $72,725,887 on 1/03/2022 collateralized by $61,422,500 U.S. Treasury Inflation Indexed Note, 0.125% due 07/15/2030 valued at $74,180,472 including accrued interest(m) (Identified Cost $72,725,887)	$	72,725,887

		Total Investments – 99.7% (Identified Cost $3,838,292,292)		5,086,266,467
		Other assets less liabilities – 0.3%		14,575,348

		Net Assets – 100.0%	$	5,100,841,815

(†)

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:

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.

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.

Broker-dealer bid prices may be used to value debt and unlisted equity securities and senior loans 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.

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

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

As of December 31, 2021, securities held by the Fund were fair valued as follows:


Equity securities¹	Percentage of Net Assets			Securities classified as fair valued		Percentage of Net Assets
$ 689,812,858		13.5	%	$	12,699,728		0.2	%

1	Certain foreign equity securities were fair valued pursuant to procedures approved by the Board of Trustees as events occurring after the close of foreign market were believed to materially affect the value of those securities.

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

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

(††)	Amount shown represents units. One unit represents a principal amount of 1,000.

(†††)

Amount shown represents principal amount including inflation adjustments.

(††††)

Amount shown represents units. One unit represents a principal amount of 100.

(a)	Non-income producing security.

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

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

(d)	Illiquid security.

(e)	Securities classified as fair valued pursuant to the Fund’s pricing policies and procedures. At December 31, 2021, the value of these securities amounted to $12,699,728 or 0.2% of net assets.

(f)	Perpetual bond with no specified maturity date.

(g)	Variable rate security. Rate as of December 31, 2021 is disclosed.

(h)	Treasury Inflation Protected Security (TIPS).

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

(j)	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.

(k)	Stated interest rate has been determined in accordance with the provisions of the loan agreement and is subject to a minimum benchmark rate (LIBOR floor) of 0.50%, to which the spread is added.

(l)	Stated interest rate has been determined in accordance with the provisions of the loan agreement and is subject to a minimum benchmark rate (LIBOR floor) of 0.75%, to which the spread is added.

(m)

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 December 31, 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 December 31, 2021, the value of Rule 144A holdings amounted to $398,174,780 or 7.8% of net assets.

CPI	Consumer Price Index

EMTN	Euro Medium Term Note

GMTN	Global Medium Term Note

LIBOR

London Interbank Offered Rate

MTN	Medium Term Note

SOFR	Secured Overnight Financing Rate

AUD	Australian Dollar

BRL	Brazilian Real

CAD	Canadian Dollar

CNH	Chinese Yuan Renminbi Offshore

CNY	Chinese Yuan Renminbi

COP	Colombian Peso

EUR

Euro

GBP	British Pound

IDR	Indonesian Rupiah

ILS	Israeli Shekel

INR	Indian Rupee

JPY	Japanese Yen

KRW	South Korean Won

MXN	Mexican Peso

MYR	Malaysian Ringgit

NOK	Norwegian Krone

NZD	New Zealand Dollar

PLN	Polish Zloty

RON	Romanian Leu

SEK	Swedish Krona

SGD	Singapore Dollar

UYU	Uruguayan Peso

ZAR	South African Rand

Forward Foreign Currency Contracts

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

At December 31, 2021, the Fund had the following open forward foreign currency contracts:


Counterparty	Delivery Date		Currency Bought/ Sold (B/S)	Units of Currency			In Exchange for		Notional Value		Unrealized Appreciation (Depreciation)
Bank of America, N.A.		3/16/2022	KRW		B	5,850,000,000	$	4,963,095	$	4,914,295		$(48,800	)
Bank of America, N.A.		3/16/2022	MXN		S	256,059,000		12,024,936		12,348,889		(323,953	)
Credit Suisse International		3/16/2022	CAD		S	189,675,000		149,849,736		149,924,597		(74,861	)
Credit Suisse International		3/16/2022	COP		S	38,844,665,000		9,850,302		9,477,550		372,752
Credit Suisse International		3/16/2022	GBP		B	12,371,000		16,336,747		16,739,679		402,932
Credit Suisse International		3/16/2022	JPY		B	11,200,164,000		98,865,395		97,422,880		(1,442,515	)
HSBC Bank USA		3/16/2022	AUD		B	18,075,000		12,932,482		13,152,745		220,263
Morgan Stanley Capital Services, Inc.		3/16/2022	EUR		B	142,681,000		161,297,732		162,680,884		1,383,152
Morgan Stanley Capital Services, Inc.		3/16/2022	NZD		S	6,003,000		4,072,057		4,106,981		(34,924	)
UBS AG		3/16/2022	IDR		S	105,333,420,000		7,262,871		7,345,509		(82,638	)
UBS AG		3/16/2022	SEK		B	7,350,000		809,344		813,874		4,530

Total												$375,938

At December 31, 2021, the Fund had the following open forward cross currency contracts:


Counterparty	Settlement Date		Deliver/Units of Currency			Receive/Units of Currency			Notional Value		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services, Inc.		3/16/2022		NOK	30,959,000		EUR	2,979,678	$	3,397,346	$	(113,442	)

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 December 31, 2021, open short futures contracts were as follows:


Financial Futures	Expiration Date		Contracts	Notional Amount		Value		Unrealized Appreciation (Depreciation)
Ultra 10-Year U.S. Treasury Note		3/22/2022	305	$	44,181,312	$	44,663,438	$	(482,126	)

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 December 31, 2021, at value:

Asset Valuation Inputs


Description	Level 1			Level 2			Level 3		Total
Common Stocks
France	$	—		$	111,599,454		$	—	$	111,599,454
Hong Kong		—			35,082,714			—		35,082,714
India		—			51,495,494			—		51,495,494
Japan		—			98,575,726			—		98,575,726
Netherlands		—			169,977,210			—		169,977,210
Sweden		—			78,711,848			—		78,711,848
Taiwan		—			108,282,268			—		108,282,268
United Kingdom		128,397,697			36,088,144			—		164,485,841
All Other Common Stocks*		2,684,090,819			—			—		2,684,090,819

Total Common Stocks		2,812,488,516			689,812,858			—		3,502,301,374

Bonds and Notes*		—			1,503,327,336			—		1,503,327,336
Senior Loans*		—			1,927,897			—		1,927,897
Preferred Stocks*		1,970,582			4,013,391			—		5,983,973
Short-Term Investments		—			72,725,887			—		72,725,887

Total Investments		2,814,459,098			2,271,807,369			—		5,086,266,467

Forward Foreign Currency Contracts (unrealized appreciation)		—			2,383,629			—		2,383,629
Total	$	2,814,459,098		$	2,274,190,998		$	—	$	5,088,650,096

Liability Valuation Inputs
Description	Level 1			Level 2			Level 3		Total
Forward Foreign Currency Contracts (unrealized depreciation)	$	—		$	(2,121,133	)	$	—	$	(2,121,133	)
Futures Contracts (unrealized depreciation)		(482,126	)		—			—		(482,126	)

Total	$	(482,126	)	$	(2,121,133	)	$	—	$	(2,603,259	)

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

Derivatives

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

The Fund is subject to the risk that changes in foreign currency exchange rates will have an unfavorable effect on the value of Fund assets denominated in foreign currencies. The Fund may enter into forward foreign currency contracts for hedging purposes to protect the value of the Fund’s holdings of foreign securities. The Fund may also use forward foreign currency contracts to gain exposure to foreign currencies, regardless of whether securities denominated in such currencies are held in the Fund. During the period ended December 31, 2021, the Fund engaged in forward foreign currency transactions for hedging purposes and to gain exposure to foreign currencies.

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. The Fund may also use futures contracts to gain investment exposure. During the period ended December 31, 2021, the Fund used futures contracts to manage duration.

The following is a summary of derivative instruments for the Fund, as of December 31, 2021:


Assets	Unrealized appreciation on forward foreign currency contracts
Over-the-counter asset derivatives Foreign exchange contracts	$	2,383,629

Liabilities	Unrealized depreciation on forward foreign currency contracts			Unrealized depreciation on futures contracts
Over-the-counter liability derivatives Foreign exchange contracts	$	(2,121,133	)	$	—
Exchange-traded liability derivatives Interest rate contracts		—			(482,126	)

Total liability derivatives	$	(2,121,133	)	$	(482,126	)

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.

Over-the-counter derivatives, including forward foreign currency contracts, are entered into pursuant to International Swaps and Derivatives Association, Inc. (“ISDA”) agreements negotiated between the Fund and its counterparties. ISDA agreements typically contain, among other things, terms for the posting of collateral and master netting provisions in the event of a default or other termination event. Collateral is posted by the Fund or the counterparty to the extent of the net mark-to-market exposure to the other party of all open contracts under the agreement, subject to minimum transfer requirements. Master netting provisions allow the Fund and the counterparty, in the event of a default or other termination event, to offset amounts owed by each related to derivative contracts, including any posted collateral, to one net amount payable by either the Fund or the counterparty. The Fund’s ISDA agreements typically contain provisions that allow a counterparty to terminate open contracts early if the NAV of the Fund declines beyond a certain threshold. As of December 31, 2021, the fair value of derivative positions subject to these provisions that are in a net liability position by counterparty, and the value of collateral pledged to counterparties for such contracts is as follows:


Counterparty:	Derivatives			Collateral Pledged
Bank of America, N.A.	$	(372,753	)	$	290,000
Credit Suisse International		(741,692	)		—
UBS AG		(78,108	)		120,000

Timing differences may exist between when contracts under the ISDA agreement are marked-to-market and when collateral moves. The ISDA agreements include tri-party control agreements under which collateral is held for the benefit of the secured party at a third party custodian, State Street Bank.

Counterparty risk is managed based on policies and procedures established by the Fund’s adviser. Such policies and procedures may include, but are not limited to, minimum counterparty credit rating requirements, monitoring of counterparty credit default swap spreads and posting of collateral. The Fund’s risk of loss from counterparty credit risk on over-the-counter derivatives is generally limited to the Fund’s aggregated unrealized gains and the amount of any collateral pledged to the counterparty, which may be offset by any collateral posted to the Fund by the counterparty. ISDA master agreements can help to manage counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under these ISDA agreements, collateral is routinely transferred if the total net exposure in respect of certain transactions, net of existing collateral already in place, exceeds a specified amount (typically $250,000, depending on the counterparty). With exchange-traded derivatives, there is minimal counterparty credit risk to the Fund because the exchange’s 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 (i) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the Fund would incur if parties (including OTC derivative counterparties and brokers holding margin for exchange-traded derivatives) to the relevant financial instruments failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the Fund, and (ii) the amount of loss that the Fund would incur after taking into account master netting provisions pursuant to ISDA agreements, as of December 31, 2021:

Maximum Amount

of Loss-Gross

Maximum Amount
of Loss-Net

$3,907,898

2,214,230

These amounts include cash received as collateral of $2,296,980.

Industry Summary at December 31, 2021 (Unaudited)


Treasuries	11.2	%
IT Services	9.1
Semiconductors & Semiconductor Equipment	8.9
Life Sciences Tools & Services	7.4
Interactive Media & Services	4.9
Chemicals	4.5
Software	4.3
Machinery	3.7
Hotels, Restaurants & Leisure	3.5
Internet & Direct Marketing Retail	3.5
Capital Markets	3.2
Banking	2.6
Health Care Providers & Services	2.5
Food & Staples Retailing	2.3
Industrial Conglomerates	2.1
Personal Products	2.0
Other Investments, less than 2% each	22.6
Short-Term Investments	1.4

Total Investments	99.7
Other assets less liabilities (including forward foreign currency and futures contracts)	0.3

Net Assets	100.0	%

Currency Exposure Summary at December 31, 2021 (Unaudited)


United States Dollar	74.9	%
Euro	6.9
Canadian Dollar	4.8
Japanese Yen	2.5
New Taiwan Dollar	2.1
Other, less than 2% each	8.5

Total Investments	99.7
Other assets less liabilities (including forward foreign currency and futures contracts)	0.3

Net Assets	100.0	%