PORTFOLIO OF INVESTMENTS – as of June 30, 2023 (Unaudited)

Loomis Sayles Fixed Income Fund

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – 84.4% of Net Assets
	Non-Convertible Bonds – 80.1%
		ABS Car Loan – 4.0%
	$      675,000	American Credit Acceptance Receivables Trust, Series 2021-3, Class D, 1.340%, 11/15/2027, 144A	$	631,394
	125,000	American Credit Acceptance Receivables Trust, Series 2022-4, Class C, 7.860%, 2/15/2029, 144A		127,087
	60,000	Avis Budget Rental Car Funding AESOP LLC, Series 2018-1A, Class C, 4.730%, 9/20/2024, 144A		59,858
	475,000	Avis Budget Rental Car Funding AESOP LLC, Series 2019-3A, Class C, 3.150%, 3/20/2026, 144A		439,749
	210,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-1A, Class B, 2.680%, 8/20/2026, 144A		194,581
	685,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class A, 2.020%, 2/20/2027, 144A		620,489
	305,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class B, 2.960%, 2/20/2027, 144A		280,403
	630,000	Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class C, 4.250%, 2/20/2027, 144A		585,867
	145,000	Avis Budget Rental Car Funding AESOP LLC, Series 2021-1A, Class C, 2.130%, 8/20/2027, 144A		124,296
	100,000	CarMax Auto Owner Trust, Series 2022-1, Class D, 2.470%, 7/17/2028		90,302
	200,000	Carvana Auto Receivables Trust, 6.690%, 7/10/2029, 144A		196,333
	187,682	Carvana Auto Receivables Trust, Series 2021-N3, Class C, 1.020%, 6/12/2028		176,090
	420,000	Carvana Auto Receivables Trust, Series 2021-P3, Class C, 1.930%, 10/12/2027		358,699
	525,000	Credit Acceptance Auto Loan Trust, Series 2020-2A, Class C, 2.730%, 11/15/2029, 144A		517,953
	900,000	Credit Acceptance Auto Loan Trust, Series 2021-2A, Class C, 1.640%, 6/17/2030, 144A		835,459
	335,000	Credit Acceptance Auto Loan Trust, Series 2021-3A, Class C, 1.630%, 9/16/2030, 144A		309,055
	305,000	DT Auto Owner Trust, Series 2021-2A, Class D, 1.500%, 2/16/2027, 144A		284,641
	1,380,000	DT Auto Owner Trust, Series 2021-3A, Class D, 1.310%, 5/17/2027, 144A		1,243,961
	815,000	Exeter Automobile Receivables Trust, Series 2021-1A, Class D, 1.080%, 11/16/2026		771,402
	1,000,000	Exeter Automobile Receivables Trust, Series 2021-3A, Class D, 1.550%, 6/15/2027		916,772
	100,000	Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.560%, 7/17/2028		95,188
	160,000	Exeter Automobile Receivables Trust, Series 2022-6A, Class C, 6.320%, 5/15/2028		159,911
	335,000	Exeter Automobile Receivables Trust, Series 2023-2A, Class D, 6.320%, 8/15/2029		329,903
	160,000	Exeter Automobile Receivables Trust, Series 2023-3A, Class D, 6.680%, 4/16/2029		159,668
	215,000	First Investors Auto Owner Trust, Series 2022-2A, Class D, 8.710%, 10/16/2028, 144A		219,049

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		ABS Car Loan – continued
	$435,000	Flagship Credit Auto Trust, Series 2021-2, Class D, 1.590%, 6/15/2027, 144A	$	388,323
	335,000	Foursight Capital Automobile Receivables Trust, Series 2021-2, Class D, 1.920%, 9/15/2027, 144A		308,881
	1,975,000	GLS Auto Receivables Issuer Trust, Series 2021-1A, Class D, 1.680%, 1/15/2027, 144A		1,860,889
	725,000	GLS Auto Receivables Issuer Trust, Series 2021-2A, Class D, 1.420%, 4/15/2027, 144A		672,573
	675,000	GLS Auto Receivables Issuer Trust, Series 2021-3A, Class D, 1.480%, 7/15/2027, 144A		616,561
	255,000	GLS Auto Receivables Issuer Trust, Series 2023-2A, Class D, 6.310%, 3/15/2029, 144A		251,307
	935,000	Hertz Vehicle Financing III LLC, Series 2022-1A, Class D, 4.850%, 6/25/2026, 144A		864,286
	599,000	Hertz Vehicle Financing III LLC, Series 2022-3A, Class D, 6.310%, 3/25/2025, 144A		590,161
	360,000	Hertz Vehicle Financing III LLC, Series 2023-2A, Class D, 9.400%, 9/25/2029, 144A		362,998
	455,000	Hertz Vehicle Financing LLC, Series 2022-4A, Class D, 6.560%, 9/25/2026, 144A		430,517
	80,855	JPMorgan Chase Bank N.A, Series 2021-1, Class D, 1.174%, 9/25/2028, 144A		78,365
	92,648	JPMorgan Chase Bank N.A, Series 2021-3, Class D, 1.009%, 2/26/2029, 144A		86,738
	635,000	Prestige Auto Receivables Trust, Series 2022-1A, Class D, 8.080%, 8/15/2028, 144A		640,206
	103,733	Santander Bank N.A., Series 2021-1A, Class B, 1.833%, 12/15/2031, 144A		100,312
	200,000	Westlake Automobile Receivables Trust, Series 2023-1A, Class D, 6.790%, 11/15/2028, 144A		199,504
				17,179,731
		ABS Home Equity – 4.6%
	745,002	510 Asset-Backed Trust, Series 2021-NPL1, Class A1, 2.240%, 6/25/2061, 144A(a)		687,224
	630,000	CAFL Issuer LLC, Series 2021-RTL1, Class A1, 2.239%, 3/28/2029, 144A(a)		574,370
	400,656	CIM Trust, Series 2021-NR2, Class A1, 2.568%, 7/25/2059, 144A(a)		381,887
	210,000	CoreVest American Finance Ltd., Series 2021-1, Class C, 2.800%, 4/15/2053, 144A		171,470
	300,000	CoreVest American Finance Ltd., Series 2021-2, Class C, 2.478%, 7/15/2054, 144A		235,679
	150,000	CoreVest American Finance Ltd., Series 2021-3, Class D, 3.469%, 10/15/2054, 144A		121,377
	516,266	Credit Suisse Mortgage Trust, Series 2021-RPL1, Class A1, 1.668%, 9/27/2060, 144A(a)		474,212
	1,239,219	Credit Suisse Mortgage Trust, Series 2021-RPL4, Class A1, 1.796%, 12/27/2060, 144A(a)		1,142,418
	254,285	Federal Home Loan Mortgage Corp., REMIC, Series 2022-DNA3, Class M1A, 30 day USD SOFR Average + 2.000%, 7.067%, 4/25/2042, 144A(b)		254,999

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		ABS Home Equity – continued
	$675,000	FirstKey Homes Trust, Series 2021-SFR1, Class E1, 2.389%, 8/17/2038, 144A	$	576,607
	315,000	FirstKey Homes Trust, Series 2021-SFR2, Class E1, 2.258%, 9/17/2038, 144A		269,781
	205,000	FirstKey Homes Trust, Series 2021-SFR2, Class E2, 2.358%, 9/17/2038, 144A		175,102
	300,000	FirstKey Homes Trust, Series 2022- SFR2, Class D, 4.500%, 7/17/2039, 144A		273,685
	291,663	GCAT Trust, Series 2019-RPL1, Class A1, 2.650%, 10/25/2068, 144A(a)		272,176
	580,000	GITSIT Mortgage Loan Trust, Series 2023-NPL1, Class A1, 8.353%, 5/25/2053, 144A(a)		577,104
	86,421	Home Partners of America Trust, Series 2021-1, Class E, 2.577%, 9/17/2041, 144A		70,492
	800,446	Home Partners of America Trust, Series 2021-2, Class E1, 2.852%, 12/17/2026, 144A		690,689
	414,689	Home Partners of America Trust, Series 2021-2, Class E2, 2.952%, 12/17/2026, 144A		357,383
	130,296	Legacy Mortgage Asset Trust, Series 2020-GS5, Class A1, 3.250%, 6/25/2060, 144A(a)		127,799
	1,215,000	Legacy Mortgage Asset Trust, Series 2020-RPL1, Class A2, 3.250%, 9/25/2059, 144A(a)		1,039,742
	567,829	Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.750%, 4/25/2061, 144A(a)		525,145
	115,000	Mill City Mortgage Loan Trust, Series 2019-GS1, Class M2, 3.250%, 7/25/2059, 144A(a)		94,124
	705,000	Progress Residential Trust, Series 2021-SFR2, Class E1, 2.547%, 4/19/2038, 144A		617,127
	240,000	Progress Residential Trust, Series 2021-SFR3, Class E1, 2.538%, 5/17/2026, 144A		208,020
	200,000	Progress Residential Trust, Series 2021-SFR3, Class E2, 2.688%, 5/17/2026, 144A		174,109
	125,000	Progress Residential Trust, Series 2021-SFR4, Class E1, 2.409%, 5/17/2038, 144A		107,935
	100,000	Progress Residential Trust, Series 2021-SFR4, Class E2, 2.559%, 5/17/2038, 144A		86,266
	295,000	Progress Residential Trust, Series 2021-SFR5, Class E1, 2.209%, 7/17/2038, 144A		251,839
	100,000	Progress Residential Trust, Series 2021-SFR5, Class E2, 2.359%, 7/17/2038, 144A		85,221
	380,000	Progress Residential Trust, Series 2021-SFR6, Class E1, 2.425%, 7/17/2038, 144A		327,517
	200,000	Progress Residential Trust, Series 2021-SFR6, Class E2, 2.525%, 7/17/2038, 144A		171,697
	340,000	Progress Residential Trust, Series 2021-SFR7, Class E1, 2.591%, 8/17/2040, 144A		272,511
	100,000	Progress Residential Trust, Series 2021-SFR7, Class E2, 2.640%, 8/17/2040, 144A		79,259
	832,130	PRPM LLC, Series 2021-1, Class A1, 2.115%, 1/25/2026, 144A(a)		775,418
	308,940	PRPM LLC, Series 2021-2, Class A1, 2.115%, 3/25/2026, 144A(a)		291,401

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		ABS Home Equity – continued
	$598,064	PRPM LLC, Series 2021-3, Class A1, 1.867%, 4/25/2026, 144A(a)	$	557,447
	167,525	PRPM LLC, Series 2021-4, Class A1, 1.867%, 4/25/2026, 144A(a)		154,301
	819,788	PRPM LLC, Series 2021-5, Class A1, 1.793%, 6/25/2026, 144A(a)		755,217
	954,537	PRPM LLC, Series 2022-5, Class A1, 6.900%, 9/27/2027, 144A(a)		939,074
	1,030,000	Toorak Mortgage Corp. Ltd., Series 2021-1, Class A1, 2.240%, 6/25/2024, 144A(a)		1,001,277
	240,000	Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.000%, 4/25/2056, 144A(a)		229,191
	495,000	Towd Point Mortgage Trust, Series 2018-5, Class M1, 3.250%, 7/25/2058, 144A(a)		393,620
	629,131	Towd Point Mortgage Trust, Series 2019-4, Class A1, 2.900%, 10/25/2059, 144A(a)		577,925
	100,000	Towd Point Mortgage Trust, Series 2020-1, Class A2B, 3.250%, 1/25/2060, 144A(a)		83,799
	174,115	VCAT LLC, Series 2021-NPL1, Class A1, 2.289%, 12/26/2050, 144A(a)		166,816
	248,145	VOLT XCII LLC, Series 2021-NPL1, Class A1, 1.893%, 2/27/2051, 144A(a)		224,100
	671,940	VOLT XCIII LLC, Series 2021-NPL2, Class A1, 1.893%, 2/27/2051, 144A(a)		607,413
	569,945	VOLT XCIV LLC, Series 2021-NPL3, Class A1, 2.240%, 2/27/2051, 144A(a)		523,719
	381,744	VOLT XCVI LLC, Series 2021-NPL5, Class A1, 2.116%, 3/27/2051, 144A(a)		357,333
	882,359	VOLT XCVII LLC, Series 2021-NPL6, Class A1, 2.240%, 4/25/2051, 144A(a)		803,642
				19,916,659
		ABS Other – 2.1%
	100,000	Affirm Asset Securitization Trust, Series 2021-B, Class C, 1.400%, 8/17/2026, 144A		93,612
	160,000	Aqua Finance Trust, Series 2021-A, Class B, 2.400%, 7/17/2046, 144A		130,435
	93,072	Business Jet Securities LLC, Series 2021-1A, Class B, 2.918%, 4/15/2036, 144A		81,069
	716,444	CAL Funding IV Ltd., Series 2020-1A, Class A, 2.220%, 9/25/2045, 144A		623,718
	808,817	CLI Funding VIII LLC, Series 2021-1A, Class A, 1.640%, 2/18/2046, 144A		689,167
	88,251	FREED ABS Trust, Series 2021-2, Class C, 1.940%, 6/19/2028, 144A		86,535
	370,000	FREED ABS Trust, Series 2021-3FP, Class D, 2.370%, 11/20/2028, 144A		343,630
	300,000	HPEFS Equipment Trust, Series 2021-1A, Class D, 1.030%, 3/20/2031, 144A		289,474
	1,433,143	MAPS Trust, Series 2021-1A, Class A, 2.521%, 6/15/2046, 144A		1,231,957

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		ABS Other – continued
	$110,000	Marlette Funding Trust, Series 2021-2A, Class C, 1.500%, 9/15/2031, 144A	$	103,567
	111,721	Merlin Aviation Holdings DAC, Series 2016-1, Class A, 4.500%, 12/15/2032, 144A(a)		100,032
	275,939	OneMain Financial Issuance Trust, Series 2018-2A, Class A, 3.570%, 3/14/2033, 144A		271,862
	345,000	OneMain Financial Issuance Trust, Series 2021-1A, Class D, 2.470%, 6/16/2036, 144A		273,837
	380,000	OneMain Financial Issuance Trust, Series 2022-S1, Class D, 5.200%, 5/14/2035, 144A		344,456
	100,000	SCF Equipment Leasing LLC, Series 2021-1A, Class D, 1.930%, 9/20/2030, 144A		88,468
	315,000	SCF Equipment Leasing LLC, Series 2022-2A, Class C, 6.500%, 8/20/2032, 144A		308,110
	118,753	Shenton Aircraft Investment I Ltd., Series 2015-1A, Class A, 4.750%, 10/15/2042, 144A		99,829
	112,893	Sierra Timeshare Receivables Funding LLC, Series 2019-2A, Class C, 3.120%, 5/20/2036, 144A		108,403
	73,776	Sierra Timeshare Receivables Funding LLC, Series 2019-3A, Class C, 3.000%, 8/20/2036, 144A		68,811
	63,950	Sierra Timeshare Receivables Funding LLC, Series 2021-1A, Class C, 1.790%, 11/20/2037, 144A		58,619
	1,238,125	SLAM Ltd., Series 2021-1A, Class A, 2.434%, 6/15/2046, 144A		1,061,841
	100,000	SoFi Consumer Loan Program Trust, Series 2021-1, Class D, 2.040%, 9/25/2030, 144A		91,763
	622,974	Sunnova Helios X Issuer LLC, Series 2022-C, Class C, 6.000%, 11/22/2049, 144A		530,521
	616,075	TIF Funding II LLC, Series 2021-1A, Class A, 1.650%, 2/20/2046, 144A		509,255
	230,000	Towd Point Mortgage Trust, Series 2017-1, Class M1, 3.750%, 10/25/2056, 144A(a)		215,108
	534,483	WAVE Trust, Series 2017-1A, Class A, 3.844%, 11/15/2042, 144A		424,936
	1,133,218	Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.104%, 5/15/2046, 144A		898,090
				9,127,105
		ABS Student Loan – 0.6%
	251,350	College Ave Student Loans LLC, Series 2021-A, Class C, 2.920%, 7/25/2051, 144A		223,769
	219,240	EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021-A, Class A, 1.800%, 11/25/2045, 144A		188,599
	80,085	Navient Private Education Refi Loan Trust, Series 2020-HA, Class A, 1.310%, 1/15/2069, 144A		72,356
	220,282	Navient Private Education Refi Loan Trust, Series 2021-A, Class A, 0.840%, 5/15/2069, 144A		191,076
	100,000	Navient Private Education Refi Loan Trust, Series 2021-A, Class B, 2.240%, 5/15/2069, 144A		72,153
	170,000	Navient Private Education Refi Loan Trust, Series 2021-EA, Class B, 2.030%, 12/16/2069, 144A		113,375

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		ABS Student Loan – continued
	$385,000	Navient Private Education Refi Loan Trust, Series 2021-FA, Class B, 2.120%, 2/18/2070, 144A	$	247,062
	160,327	SMB Private Education Loan Trust, Series 2016-C, Class A2A, 2.340%, 9/15/2034, 144A		154,361
	60,784	SMB Private Education Loan Trust, Series 2020-A, Class A2A, 2.230%, 9/15/2037, 144A		55,713
	757,616	SMB Private Education Loan Trust, Series 2021-A, Class A2A2, 1 mo. USD LIBOR + 0.730%, 5.923%, 1/15/2053, 144A(b)		738,951
	475,000	SMB Private Education Loan Trust, Series 2021-B, Class B, 2.650%, 7/17/2051, 144A		388,786
				2,446,201
		ABS Whole Business – 0.8%
	785,000	Applebee’s Funding LLC/IHOP Funding LLC, Series 2023-1A, Class A2, 7.824%, 3/05/2053, 144A		772,318
	120,313	DB Master Finance LLC, Series 2019-1A, Class A23, 4.352%, 5/20/2049, 144A		109,814
	56,850	Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118%, 7/25/2047, 144A		52,323
	133,700	Domino’s Pizza Master Issuer LLC, Series 2018-1A, Class A2II, 4.328%, 7/25/2048, 144A		124,867
	1,543,500	Domino’s Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.662%, 4/25/2051, 144A		1,287,481
	294,000	Hardee’s Funding LLC, Series 2021-1A, Class A2, 2.865%, 6/20/2051, 144A		234,257
	91,675	Planet Fitness Master Issuer LLC, Series 2019-1A, Class A2, 3.858%, 12/05/2049, 144A		76,741
	49,375	Planet Fitness Master Issuer LLC, Series 2022-1A, Class A2I, 3.251%, 12/05/2051, 144A		43,573
	259,875	Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.884%, 3/15/2048, 144A		235,172
	720,300	Wendy’s Funding LLC, Series 2021-1A, Class A2I, 2.370%, 6/15/2051, 144A		595,642
				3,532,188
		Aerospace & Defense – 0.1%
	435,000	TransDigm, Inc., 6.750%, 8/15/2028, 144A		436,649
		Airlines – 1.3%
	313,473	American Airlines Pass-Through Trust, Series 2016-3, Class B, 3.750%, 4/15/2027		288,364
	1,022,794	American Airlines Pass-Through Trust, Series 2017-1B, Class B, 4.950%, 8/15/2026		976,763
	642,810	American Airlines Pass-Through Trust, Series 2017-2, Class B, 3.700%, 4/15/2027		603,926
	371,132	U.S. Airways Pass-Through Trust, Series 2012-1A, Class A, 5.900%, 4/01/2026		367,979
	1,011,446	U.S. Airways Pass-Through Trust, Series 2012-2A, Class A, 4.625%, 12/03/2026		947,923
	949,458	United Airlines Pass-Through Trust, Series 2014-1, Class A, 4.000%, 10/11/2027		892,814

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Airlines – continued
	$452,771	United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.875%, 4/15/2029	$	449,492
	1,075,000	United Airlines Pass-Through Trust, Series 2023-1, 5.800%, 7/15/2037		1,095,318
				5,622,579
		Automotive – 0.8%
	130,000	General Motors Financial Co., Inc., 3.100%, 1/12/2032		105,144
	2,270,000	General Motors Financial Co., Inc., 3.600%, 6/21/2030		1,961,228
	270,000	General Motors Financial Co., Inc., 5.850%, 4/06/2030		267,641
	135,000	General Motors Financial Co., Inc., 6.000%, 1/09/2028		136,082
	285,000	General Motors Financial Co., Inc., 6.400%, 1/09/2033		289,686
	60,000	General Motors Financial Co., Inc., Series A, (fixed rate to 9/30/2027, variable rate thereafter), 5.750%(c)		48,825
	100,000	General Motors Financial Co., Inc., Series C, (fixed rate to 9/30/2030, variable rate thereafter), 5.700%(c)		87,784
	285,000	ZF North America Capital, Inc., 6.875%, 4/14/2028, 144A		289,098
	300,000	ZF North America Capital, Inc., 7.125%, 4/14/2030, 144A		305,496
				3,490,984
		Banking – 6.2%
	1,146,000	Ally Financial, Inc., 8.000%, 11/01/2031		1,189,687
	1,585,000	Ally Financial, Inc., Series B, (fixed rate to 5/15/2026, variable rate thereafter), 4.700%(c)		1,117,425
	1,500,000	Ally Financial, Inc., Series C, (fixed rate to 5/15/2028, variable rate thereafter), 4.700%(c)		967,500
	3,340,000	Bank of America Corp., 6.110%, 1/29/2037		3,522,418
	762,000	Bank of America Corp., (fixed rate to 9/21/2031, variable rate thereafter), 2.482%, 9/21/2036		582,954
	915,000	Barclays PLC, (fixed rate to 11/24/2026, variable rate thereafter), 2.279%, 11/24/2027		804,891
	1,125,000	Barclays PLC, (fixed rate to 3/15/2028, variable rate thereafter), 4.375%(c)		764,325
	980,000	Barclays PLC, (fixed rate to 5/09/2033, variable rate thereafter), 6.224%, 5/09/2034		976,115
	1,175,000	BNP Paribas SA, (fixed rate to 1/20/2027, variable rate thereafter), 2.591%, 1/20/2028, 144A		1,050,110
	685,000	Credit Agricole SA, 3.250%, 1/14/2030, 144A		585,860
	495,000	Credit Agricole SA, (fixed rate to 1/10/2028, variable rate thereafter), 4.000%, 1/10/2033		440,703

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Banking – continued
	$370,000	Deutsche Bank AG, (fixed rate to 10/07/2031, variable rate thereafter), 3.742%, 1/07/2033	$	271,347
	1,202,000	Deutsche Bank AG, (fixed rate to 10/14/2030, variable rate thereafter), 3.729%, 1/14/2032		908,948
	235,000	Deutsche Bank AG, (fixed rate to 12/01/2027, variable rate thereafter), 4.875%, 12/01/2032		198,431
	2,075,000	Goldman Sachs Group, Inc., (fixed rate to 8/23/2027, variable rate thereafter), 4.482%, 8/23/2028		2,006,143
	1,055,000	HSBC Holdings PLC, (fixed rate to 3/09/2028, variable rate thereafter), 6.161%, 3/09/2029		1,063,978
	355,000	Intesa Sanpaolo SpA, 6.625%, 6/20/2033, 144A		353,697
	290,000	Intesa Sanpaolo SpA, (fixed rate to 6/01/2031, variable rate thereafter), 4.198%, 6/01/2032, 144A		216,007
	1,465,000	Morgan Stanley, (fixed rate to 1/19/2033, variable rate thereafter), 5.948%, 1/19/2038		1,446,016
	1,495,000	Morgan Stanley, (fixed rate to 1/21/2027, variable rate thereafter), 2.475%, 1/21/2028		1,349,139
	530,000	NatWest Group PLC, (fixed rate to 9/30/2027, variable rate thereafter), 5.516%, 9/30/2028		519,527
	1,040,000	Sumitomo Mitsui Financial Group, Inc., 5.464%, 1/13/2026		1,036,529
	320,000	Synchrony Bank, 5.400%, 8/22/2025		305,946
	650,000	Synchrony Bank, 5.625%, 8/23/2027		610,565
	360,000	UBS Group AG, (fixed rate to 11/15/2032, variable rate thereafter), 9.016%, 11/15/2033, 144A		431,510
	500,000	UBS Group AG, (fixed rate to 6/05/2025, variable rate thereafter), 2.193%, 6/05/2026, 144A		458,484
	1,390,000	UBS Group AG, (fixed rate to 7/15/2025, variable rate thereafter), 6.373%, 7/15/2026, 144A		1,381,220
	780,000	UBS Group AG, (fixed rate to 8/11/2027, variable rate thereafter), 6.442%, 8/11/2028, 144A		782,870
	1,000,000	UBS Group AG, (fixed rate to 8/12/2032, variable rate thereafter), 6.537%, 8/12/2033, 144A		1,023,430
	200,000	UniCredit SpA, (fixed rate to 6/03/2026, variable rate thereafter), 1.982%, 6/03/2027, 144A		176,144
	405,000	UniCredit SpA, (fixed rate to 6/19/2027, variable rate thereafter), 5.861%, 6/19/2032, 144A		367,586
				26,909,505
		Brokerage – 0.4%
	1,670,000	Jefferies Financial Group, Inc., 6.250%, 1/15/2036		1,703,255
		Building Materials – 1.6%
	4,500,000	Cemex SAB de CV, 3.875%, 7/11/2031, 144A		3,788,570
	1,195,000	Cemex SAB de CV, (fixed rate to 6/08/2026, variable rate thereafter), 5.125%, 144A(c)		1,063,483

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Building Materials – continued
	$140,000	JELD-WEN, Inc., 4.875%, 12/15/2027, 144A	$	123,991
	213,000	Masco Corp., 6.500%, 8/15/2032		219,578
	380,000	Masco Corp., 7.750%, 8/01/2029		415,295
	1,188,000	Owens Corning, 7.000%, 12/01/2036		1,299,467
				6,910,384
		Cable Satellite – 3.7%
	375,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A		302,944
	3,385,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 1/15/2034, 144A		2,558,274
	50,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 2.300%, 2/01/2032		37,850
	1,780,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 2.800%, 4/01/2031		1,432,295
	180,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 3.700%, 4/01/2051		113,738
	2,625,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 3.950%, 6/30/2062		1,614,990
	230,000	Charter Communications Operating LLC/Charter Communications Operating Capital, 4.400%, 4/01/2033		201,884
	1,095,000	CSC Holdings LLC, 3.375%, 2/15/2031, 144A		741,195
	200,000	CSC Holdings LLC, 4.500%, 11/15/2031, 144A		139,443
	2,710,000	CSC Holdings LLC, 4.625%, 12/01/2030, 144A		1,205,780
	1,750,000	CSC Holdings LLC, 5.375%, 2/01/2028, 144A		1,406,196
	1,020,000	DISH DBS Corp., 5.125%, 6/01/2029		473,633
	2,215,000	DISH DBS Corp., 5.250%, 12/01/2026, 144A		1,776,812
	2,710,000	DISH DBS Corp., 5.750%, 12/01/2028, 144A		2,015,653
	270,000	DISH DBS Corp., 7.750%, 7/01/2026		165,501
	375,000	Time Warner Cable LLC, 4.500%, 9/15/2042		280,497
	1,500,000	Time Warner Cable LLC, 6.550%, 5/01/2037		1,438,011
				15,904,696

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Chemicals – 0.5%
	$775,000	Ashland, Inc., 3.375%, 9/01/2031, 144A	$	619,023
	200,000	Braskem Netherlands Finance BV, 4.500%, 1/31/2030, 144A		171,813
	705,000	Braskem Netherlands Finance BV, 5.875%, 1/31/2050, 144A		569,685
	310,000	Celanese U.S. Holdings LLC, 6.330%, 7/15/2029		307,867
	230,000	Celanese U.S. Holdings LLC, 6.379%, 7/15/2032		231,995
	200,000	INEOS Quattro Finance 2 PLC, 3.375%, 1/15/2026, 144A		182,510
				2,082,893
		Construction Machinery – 0.6%
	200,000	Ashtead Capital, Inc., 5.500%, 8/11/2032, 144A		193,373
	275,000	Ashtead Capital, Inc., 5.550%, 5/30/2033, 144A		268,066
	415,000	John Deere Capital Corp., MTN, 0.900%, 1/10/2024		404,944
	645,000	John Deere Capital Corp., MTN, 1.250%, 1/10/2025		607,837
	965,000	Toro Co., 6.625%, 5/01/2037		975,837
				2,450,057
		Consumer Cyclical Services – 1.6%
	700,000	Expedia Group, Inc., 2.950%, 3/15/2031		589,859
	735,000	Expedia Group, Inc., 3.250%, 2/15/2030		639,707
	1,010,000	Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.500%, 3/01/2029, 144A		865,411
	2,965,000	Uber Technologies, Inc., 4.500%, 8/15/2029, 144A		2,728,981
	1,420,000	Uber Technologies, Inc., 6.250%, 1/15/2028, 144A		1,412,985
	390,000	Uber Technologies, Inc., 7.500%, 9/15/2027, 144A		398,913
	120,000	Uber Technologies, Inc., 8.000%, 11/01/2026, 144A		122,294
				6,758,150
		Consumer Products – 0.4%
	880,000	Avon Products, Inc., 8.450%, 3/15/2043		950,400
	730,000	Natura Cosmeticos SA, 4.125%, 5/03/2028, 144A		631,503
				1,581,903

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Diversified Manufacturing – 0.0%
	$204,000	GE Capital Funding LLC, 4.550%, 5/15/2032	$	198,066
		Electric – 0.3%
	1,092,233	Alta Wind Holdings LLC, 7.000%, 6/30/2035, 144A		998,377
	100,000	Enel Finance International NV, 6.800%, 9/15/2037, 144A		105,255
	265,000	Pacific Gas & Electric Co., 5.450%, 6/15/2027		257,714
				1,361,346
		Finance Companies – 4.6%
	1,406,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.000%, 10/29/2028		1,215,702
	795,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.300%, 1/30/2032		650,389
	190,000	AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 5.750%, 6/06/2028		188,428
	300,000	AGFC Capital Trust I, 3 mo. USD LIBOR + 1.750%, 7.010%, 1/15/2067, 144A(b)		153,582
	612,000	Air Lease Corp., 4.625%, 10/01/2028		575,210
	985,000	Air Lease Corp., Series B, (fixed rate to 6/15/2026, variable rate thereafter), 4.650%(c)		822,042
	460,000	Aircastle Ltd., Series A (fixed rate to 6/15/2026, variable rate thereafter), 5.250%, 144A(c)		321,034
	2,290,000	Ares Capital Corp., 3.200%, 11/15/2031		1,755,432
	240,000	Aviation Capital Group LLC, 1.950%, 1/30/2026, 144A		213,760
	590,000	Aviation Capital Group LLC, 6.250%, 4/15/2028, 144A		588,254
	955,000	Aviation Capital Group LLC, 6.375%, 7/15/2030, 144A		946,993
	655,000	Barings BDC, Inc., 3.300%, 11/23/2026		570,596
	229,000	FS KKR Capital Corp., 3.125%, 10/12/2028		186,422
	1,100,000	GATX Corp., 5.450%, 9/15/2033		1,082,286
	1,315,000	Navient Corp., Series A, MTN, 5.625%, 8/01/2033		988,880
	70,000	OneMain Finance Corp., 3.500%, 1/15/2027		60,056
	80,000	OneMain Finance Corp., 4.000%, 9/15/2030		61,600
	175,000	OneMain Finance Corp., 5.375%, 11/15/2029		148,776
	590,000	Owl Rock Capital Corp., 2.875%, 6/11/2028		480,739

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Finance Companies – continued
	$1,490,000	Owl Rock Capital Corp., 4.250%, 1/15/2026	$	1,378,406
	2,135,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/2026, 144A		1,889,475
	1,345,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.625%, 3/01/2029, 144A		1,130,429
	3,345,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031, 144A		2,712,318
	1,080,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.000%, 10/15/2033, 144A		844,819
	655,000	SMBC Aviation Capital Finance DAC, 5.450%, 5/03/2028, 144A		646,090
				19,611,718
		Financial Other – 0.9%
	630,000	Agile Group Holdings Ltd., 6.050%, 10/13/2025		149,430
	205,000	Central China Real Estate Ltd., 7.250%, 7/16/2024(d)		18,503
	200,000	Central China Real Estate Ltd., 7.250%, 8/13/2024(d)		16,940
	200,000	Central China Real Estate Ltd., 7.250%, 4/28/2025(d)		16,100
	200,000	Central China Real Estate Ltd., 7.500%, 7/14/2025(d)		15,588
	200,000	CIFI Holdings Group Co. Ltd., 6.000%, 7/16/2025(e)		22,094
	200,000	CIFI Holdings Group Co. Ltd., 6.450%, 11/07/2024(e)		22,464
	600,000	Country Garden Holdings Co. Ltd., 3.300%, 1/12/2031		164,262
	2,510,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.375%, 2/01/2029		1,972,107
	10,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.750%, 9/15/2024		9,555
	40,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.250%, 5/15/2027		34,496
	5,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.375%, 12/15/2025		4,648
	1,285,000	Kaisa Group Holdings Ltd., 9.375%, 6/30/2024(d)		87,457
	200,000	Kaisa Group Holdings Ltd., 9.950%, 7/23/2025(d)		13,490
	200,000	Kaisa Group Holdings Ltd., 10.500%, 1/15/2025(d)		12,986
	1,810,000	Kaisa Group Holdings Ltd., 11.250%, 4/16/2025(d)		117,813
	400,000	Logan Group Co. Ltd., 4.250%, 7/12/2025(d)		37,850
	400,000	Logan Group Co. Ltd., 4.850%, 12/14/2026(d)		37,851

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Financial Other – continued
	$155,000	Nationstar Mortgage Holdings, Inc., 5.125%, 12/15/2030, 144A	$	125,736
	685,000	Nationstar Mortgage Holdings, Inc., 5.500%, 8/15/2028, 144A		600,022
	405,000	Shimao Group Holdings Ltd., 3.450%, 1/11/2031(d)		39,848
	425,000	Shimao Group Holdings Ltd., 5.600%, 7/15/2026(d)		42,428
	200,000	Shimao Group Holdings Ltd., 6.125%, 2/21/2024(d)		14,524
	410,000	Sunac China Holdings Ltd., 6.500%, 1/10/2025(d)		66,162
	230,000	Sunac China Holdings Ltd., 6.500%, 1/26/2026(d)		33,630
	445,000	Sunac China Holdings Ltd., 7.000%, 7/09/2025(d)		72,384
	200,000	Times China Holdings Ltd., 5.750%, 1/14/2027(d)		13,263
	400,000	Times China Holdings Ltd., 6.200%, 3/22/2026(d)		26,527
	400,000	Yuzhou Group Holdings Co. Ltd., 6.350%, 1/13/2027(d)		16,673
	370,000	Yuzhou Group Holdings Co. Ltd., 7.700%, 2/20/2025(d)		15,423
	225,000	Yuzhou Group Holdings Co. Ltd., 8.300%, 5/27/2025(d)		9,379
				3,829,633
		Food & Beverage – 0.6%
	995,000	Bacardi Ltd./Bacardi-Martini BV, 5.400%, 6/15/2033, 144A		986,202
	350,000	JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 3.000%, 2/02/2029, 144A		296,804
	1,230,000	Pilgrim’s Pride Corp., 3.500%, 3/01/2032		972,438
	280,000	Pilgrim’s Pride Corp., 4.250%, 4/15/2031		240,114
				2,495,558
		Gaming – 1.1%
	925,000	Genm Capital Labuan Ltd., 3.882%, 4/19/2031, 144A		747,964
	385,000	GLP Capital LP/GLP Financing II, Inc., 3.250%, 1/15/2032		310,854
	1,460,000	Scientific Games International, Inc., 7.000%, 5/15/2028, 144A		1,452,205
	30,000	Scientific Games International, Inc., 7.250%, 11/15/2029, 144A		30,037
	710,000	VICI Properties LP/VICI Note Co., Inc., 4.250%, 12/01/2026, 144A		664,192
	575,000	VICI Properties LP/VICI Note Co., Inc., 4.500%, 9/01/2026, 144A		543,214

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Gaming – continued
	$505,000	VICI Properties LP/VICI Note Co., Inc., 4.625%, 6/15/2025, 144A	$	487,954
	415,000	VICI Properties LP/VICI Note Co., Inc., 5.625%, 5/01/2024, 144A		412,442
				4,648,862
		Government Owned - No Guarantee – 0.4%
	730,000	Antares Holdings LP, 3.750%, 7/15/2027, 144A		610,741
	870,000	Pertamina Persero PT, 6.450%, 5/30/2044, 144A		898,131
	200,000	Sino-Ocean Land Treasure IV Ltd., 4.750%, 8/05/2029		40,968
	400,000	Sino-Ocean Land Treasure IV Ltd., 4.750%, 1/14/2030		81,596
				1,631,436
		Health Insurance – 0.7%
	25,000	Centene Corp., 2.450%, 7/15/2028		21,369
	2,490,000	Centene Corp., 2.500%, 3/01/2031		1,985,700
	625,000	Centene Corp., 2.625%, 8/01/2031		498,050
	430,000	Molina Healthcare, Inc., 3.875%, 5/15/2032, 144A		360,490
				2,865,609
		Healthcare – 0.8%
	395,000	Alcon Finance Corp., 5.375%, 12/06/2032, 144A		400,261
	700,000	HCA, Inc., 4.125%, 6/15/2029		647,772
	2,605,000	HCA, Inc., 5.500%, 6/01/2033		2,600,576
				3,648,609
		Home Construction – 0.2%
	1,010,000	PulteGroup, Inc., 6.375%, 5/15/2033		1,045,301
		Independent Energy – 3.5%
	1,385,000	Aker BP ASA, 3.750%, 1/15/2030, 144A		1,230,963
	675,000	Aker BP ASA, 5.600%, 6/13/2028, 144A		670,087
	1,060,000	Continental Resources, Inc., 2.875%, 4/01/2032, 144A		814,402
	3,840,000	Continental Resources, Inc., 5.750%, 1/15/2031, 144A		3,650,524
	740,000	Energean Israel Finance Ltd., 5.375%, 3/30/2028, 144A		667,850

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Independent Energy – continued
	$965,000	Energean Israel Finance Ltd., 5.875%, 3/30/2031, 144A	$	843,169
	50,000	EQT Corp., 3.125%, 5/15/2026, 144A		45,970
	840,000	EQT Corp., 3.625%, 5/15/2031, 144A		722,478
	1,125,000	EQT Corp., 3.900%, 10/01/2027		1,040,085
	160,000	EQT Corp., 5.000%, 1/15/2029		150,638
	160,000	EQT Corp., 5.700%, 4/01/2028		157,915
	975,000	EQT Corp., 7.000%, 2/01/2030		1,020,854
	175,000	Matador Resources Co., 6.875%, 4/15/2028, 144A		173,214
	45,000	Occidental Petroleum Corp., 6.125%, 1/01/2031		45,693
	65,000	Occidental Petroleum Corp., 7.875%, 9/15/2031		72,462
	975,000	Occidental Petroleum Corp., 8.875%, 7/15/2030		1,120,645
	1,040,000	Ovintiv, Inc., 6.500%, 8/15/2034		1,042,240
	65,000	Ovintiv, Inc., 6.500%, 2/01/2038		63,726
	310,000	Ovintiv, Inc., 6.625%, 8/15/2037		305,984
	40,000	Ovintiv, Inc., 7.200%, 11/01/2031		41,974
	125,000	Ovintiv, Inc., 7.375%, 11/01/2031		134,050
	130,000	Southwestern Energy Co., 4.750%, 2/01/2032		114,574
	355,000	Var Energi ASA, 7.500%, 1/15/2028, 144A		364,844
	705,000	Var Energi ASA, 8.000%, 11/15/2032, 144A		745,897
				15,240,238
		Industrial Other – 0.1%
	395,000	TopBuild Corp., 4.125%, 2/15/2032, 144A		336,506
		Leisure – 0.8%
	620,000	Carnival Corp., 5.750%, 3/01/2027, 144A		570,766
	395,000	Carnival Corp., 6.000%, 5/01/2029, 144A		352,670
	770,000	NCL Corp. Ltd., 5.875%, 3/15/2026, 144A		720,384

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Leisure – continued
	$485,000	NCL Corp. Ltd., 5.875%, 2/15/2027, 144A	$	471,580
	280,000	NCL Finance Ltd., 6.125%, 3/15/2028, 144A		252,005
	140,000	Royal Caribbean Cruises Ltd., 4.250%, 7/01/2026, 144A		128,513
	1,195,000	Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028, 144A		1,114,385
				3,610,303
		Life Insurance – 2.1%
	1,860,000	Athene Global Funding, 1.716%, 1/07/2025, 144A		1,721,253
	434,000	Brighthouse Financial, Inc., 4.700%, 6/22/2047		332,138
	1,745,000	Brighthouse Financial, Inc., 5.625%, 5/15/2030		1,682,027
	2,270,000	MetLife, Inc., 9.250%, 4/08/2068, 144A		2,631,664
	1,115,000	MetLife, Inc., 10.750%, 8/01/2069		1,439,130
	1,165,000	Penn Mutual Life Insurance Co., 6.650%, 6/15/2034, 144A		1,196,519
				9,002,731
		Lodging – 0.8%
	855,000	Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032, 144A		712,845
	200,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 4.875%, 7/01/2031, 144A		167,787
	685,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 5.000%, 6/01/2029, 144A		607,903
	530,000	Marriott Ownership Resorts, Inc., 4.500%, 6/15/2029, 144A		457,425
	620,000	Travel & Leisure Co., 4.500%, 12/01/2029, 144A		527,512
	815,000	Travel & Leisure Co., 4.625%, 3/01/2030, 144A		689,694
	110,000	Travel & Leisure Co., 6.000%, 4/01/2027		106,777
	55,000	Travel & Leisure Co., 6.625%, 7/31/2026, 144A		54,582
				3,324,525
		Media Entertainment – 1.4%
	540,000	iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A		407,099
	550,000	iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A		420,585

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Media Entertainment – continued
	$1,510,000	Netflix, Inc., 4.875%, 6/15/2030, 144A	$	1,485,981
	200,000	Netflix, Inc., 5.375%, 11/15/2029, 144A		200,741
	915,000	Netflix, Inc., 5.875%, 11/15/2028		945,014
	1,185,000	Netflix, Inc., 6.375%, 5/15/2029		1,253,730
	300,000	Warnermedia Holdings, Inc., 4.054%, 3/15/2029		274,236
	1,235,000	Warnermedia Holdings, Inc., 4.279%, 3/15/2032		1,095,291
				6,082,677
		Metals & Mining – 2.4%
	1,910,000	Anglo American Capital PLC, 2.875%, 3/17/2031, 144A		1,577,007
	940,000	Anglo American Capital PLC, 5.500%, 5/02/2033, 144A		918,374
	1,430,000	ArcelorMittal SA, 6.800%, 11/29/2032		1,468,120
	2,680,000	First Quantum Minerals Ltd., 6.875%, 10/15/2027, 144A		2,614,340
	477,000	First Quantum Minerals Ltd., 7.500%, 4/01/2025, 144A		476,406
	430,000	FMG Resources August 2006 Pty. Ltd., 4.375%, 4/01/2031, 144A		367,139
	5,000	Freeport-McMoRan, Inc., 4.250%, 3/01/2030		4,608
	2,905,000	Glencore Funding LLC, 2.850%, 4/27/2031, 144A		2,397,896
	370,000	Glencore Funding LLC, 5.700%, 5/08/2033, 144A		367,105
	215,000	Volcan Cia Minera SAA, 4.375%, 2/11/2026, 144A		159,895
				10,350,890
		Midstream – 2.1%
	295,000	Cheniere Energy Partners LP, 3.250%, 1/31/2032		242,682
	1,450,000	Cheniere Energy Partners LP, 4.000%, 3/01/2031		1,276,710
	165,000	Cheniere Energy Partners LP, 4.500%, 10/01/2029		151,430
	535,000	Cheniere Energy Partners LP, 5.950%, 6/30/2033, 144A		536,557
	530,000	DCP Midstream Operating LP, 3.250%, 2/15/2032		448,586
	10,000	DCP Midstream Operating LP, 5.125%, 5/15/2029		9,782
	575,000	DCP Midstream Operating LP, 6.450%, 11/03/2036, 144A		590,437

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Midstream – continued
	$  1,320,000	Enbridge, Inc., 5.700%, 3/08/2033	$	1,338,126
	1,040,000	Energy Transfer LP, 5.000%, 5/15/2044		875,430
	715,000	Energy Transfer LP, 5.750%, 2/15/2033		719,680
	95,000	EnLink Midstream LLC, 6.500%, 9/01/2030, 144A		94,895
	550,000	Hess Midstream Operations LP, 4.250%, 2/15/2030, 144A		479,875
	285,000	Hess Midstream Operations LP, 5.625%, 2/15/2026, 144A		280,369
	95,000	NGPL PipeCo LLC, 7.768%, 12/15/2037, 144A		101,272
	35,000	Targa Resources Corp., 5.200%, 7/01/2027		34,362
	460,000	Targa Resources Corp., 6.125%, 3/15/2033		470,023
	395,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.000%, 1/15/2032		342,568
	100,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.875%, 2/01/2031		92,414
	105,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.500%, 3/01/2030		101,049
	170,000	Western Midstream Operating LP, 4.300%, 2/01/2030		152,634
	405,000	Western Midstream Operating LP, 5.300%, 3/01/2048		338,064
	80,000	Western Midstream Operating LP, 5.450%, 4/01/2044		67,582
	55,000	Western Midstream Operating LP, 5.500%, 8/15/2048		45,994
	230,000	Western Midstream Operating LP, 5.500%, 2/01/2050		188,386
	100,000	Western Midstream Operating LP, 6.150%, 4/01/2033		100,789
				9,079,696
		Non-Agency Commercial Mortgage-Backed Securities – 1.8%
	710,000	BANK, Series 2021-BN35, Class AS, 2.457%, 6/15/2064		548,427
	740,000	BPR Trust, Series 2021-NRD, Class F, 1 mo. USD SOFR + 6.870%, 11.972%, 12/15/2038, 144A(b)		656,031
	570,000	BPR Trust, Series 2022-STAR, Class A, 1 mo. USD SOFR + 3.232%, 8.379%, 8/15/2024, 144A(b)		564,968
	122,602	Commercial Mortgage Pass-Through Certificates, Series 2012-CR3, Class AM, 3.416%, 10/15/2045, 144A		111,262
	95,444	Commercial Mortgage Pass-Through Certificates, Series 2012-LTRT, Class A2, 3.400%, 10/05/2030, 144A		78,980
	137,202	Commercial Mortgage Trust, Series 2012-LC4, Class B, 4.934%, 12/10/2044(a)		128,900

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Non-Agency Commercial Mortgage-Backed Securities – continued
	$185,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class B, 4.185%, 9/15/2037, 144A	$	148,981
	100,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class C, 4.336%, 9/15/2037, 144A		76,757
	200,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class D, 4.373%, 9/15/2037, 144A		144,538
	250,572	Extended Stay America Trust, Series 2021-ESH, Class D, 1 mo. USD LIBOR + 2.250%, 7.444%, 7/15/2038, 144A(b)		243,497
	295,000	GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class A, 3.668%, 3/05/2033, 144A(a)		248,464
	315,000	GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class B, 3.668%, 3/05/2033, 144A(a)		273,844
	255,000	GS Mortgage Securities Trust, Series 2014-GC18, Class B, 4.885%, 1/10/2047(a)		209,499
	1,024,102	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class C, 3.910%, 12/15/2047, 144A(a)		957,536
	100,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2012-LC9, Class D, 3.910%, 12/15/2047, 144A(a)		88,732
	149,284	Med Trust, Series 2021-MDLN, Class B, 1 mo. USD LIBOR + 1.450%, 6.644%, 11/15/2038, 144A(b)		144,040
	398,089	Med Trust, Series 2021-MDLN, Class C, 1 mo. USD LIBOR + 1.800%, 6.994%, 11/15/2038, 144A(b)		383,608
	194,069	Med Trust, Series 2021-MDLN, Class D, 1 mo. USD LIBOR + 2.000%, 7.194%, 11/15/2038, 144A(b)		184,940
	535,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.284%, 8/15/2046(a)		533,084
	100,958	MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class A2, 3.277%, 10/15/2030, 144A		78,747
	800,000	RBS Commercial Funding, Inc. Trust, Series 2013-GSP, Class A, 3.961%, 1/15/2032, 144A(a)		772,420
	149,176	UBS-Barclays Commercial Mortgage Trust, Series 2012-TFT, Class A, 2.892%, 6/05/2030, 144A		139,101
	285,000	Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class B, 4.435%, 7/15/2046(a)		222,515
	275,000	Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class B, 3.671%, 11/15/2059(a)		228,781
	420,000	WFRBS Commercial Mortgage Trust, Series 2013-C15, Class B, 4.584%, 8/15/2046(a)		348,897
	390,000	WFRBS Commercial Mortgage Trust, Series 2014-C20, Class B, 4.378%, 5/15/2047		285,610
				7,802,159
		Other REITs – 0.1%
	270,000	EPR Properties, 3.600%, 11/15/2031		210,562
		Paper – 0.4%
	350,000	WestRock MWV LLC, 7.950%, 2/15/2031		396,406
	1,035,000	WestRock MWV LLC, 8.200%, 1/15/2030		1,186,763
				1,583,169

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Pharmaceuticals – 2.0%
	$895,000	Astrazeneca Finance LLC, 4.875%, 3/03/2028	$	894,485
	580,000	Bausch Health Cos., Inc., 4.875%, 6/01/2028, 144A		345,216
	355,000	Bausch Health Cos., Inc., 5.000%, 1/30/2028, 144A		150,875
	35,000	Bausch Health Cos., Inc., 5.000%, 2/15/2029, 144A		14,432
	290,000	Bausch Health Cos., Inc., 5.250%, 1/30/2030, 144A		120,350
	390,000	Bausch Health Cos., Inc., 5.250%, 2/15/2031, 144A		162,973
	40,000	Bausch Health Cos., Inc., 6.250%, 2/15/2029, 144A		17,000
	65,000	Bausch Health Cos., Inc., 7.000%, 1/15/2028, 144A		28,105
	915,000	Pfizer Investment Enterprises Pte. Ltd., 4.750%, 5/19/2033		911,553
	620,000	Teva Pharmaceutical Finance Co. LLC, 6.150%, 2/01/2036		550,975
	610,000	Teva Pharmaceutical Finance Netherlands II BV, 7.375%, 9/15/2029, (EUR)		677,267
	520,000	Teva Pharmaceutical Finance Netherlands II BV, 7.875%, 9/15/2031, (EUR)		586,133
	340,000	Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026		304,656
	1,710,000	Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046		1,124,031
	1,160,000	Teva Pharmaceutical Finance Netherlands III BV, 4.750%, 5/09/2027		1,073,084
	695,000	Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/09/2029		630,435
	645,000	Teva Pharmaceutical Finance Netherlands III BV, 7.875%, 9/15/2029		664,693
	460,000	Teva Pharmaceutical Finance Netherlands III BV, 8.125%, 9/15/2031		482,117
				8,738,380
		Property & Casualty Insurance – 0.2%
	1,630,000	MBIA Insurance Corp., 3 mo. USD LIBOR + 11.260%, 16.520%, 1/15/2033, 144A(b)(e)		48,900
	1,135,000	Stewart Information Services Corp., 3.600%, 11/15/2031		871,433
				920,333
		Retailers – 0.5%
	1,025,000	Dillard’s, Inc., 7.750%, 7/15/2026		1,043,604
	1,250,000	Lithia Motors, Inc., 3.875%, 6/01/2029, 144A		1,089,412
				2,133,016

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Technology – 5.8%
	$710,000	Arrow Electronics, Inc., 6.125%, 3/01/2026	$	708,319
	1,070,000	Avnet, Inc., 5.500%, 6/01/2032		1,015,961
	735,000	Block, Inc., 3.500%, 6/01/2031		608,743
	550,000	Broadcom, Inc., 2.600%, 2/15/2033, 144A		429,821
	425,000	Broadcom, Inc., 3.137%, 11/15/2035, 144A		325,994
	715,000	Broadcom, Inc., 4.150%, 11/15/2030		657,835
	180,000	CDW LLC/CDW Finance Corp., 2.670%, 12/01/2026		161,618
	220,000	CDW LLC/CDW Finance Corp., 3.250%, 2/15/2029		188,503
	70,000	CDW LLC/CDW Finance Corp., 3.276%, 12/01/2028		60,819
	1,855,000	CDW LLC/CDW Finance Corp., 3.569%, 12/01/2031		1,565,286
	130,000	CDW LLC/CDW Finance Corp., 4.250%, 4/01/2028		119,227
	1,820,000	CommScope, Inc., 4.750%, 9/01/2029, 144A		1,434,889
	1,295,000	Entegris Escrow Corp., 4.750%, 4/15/2029, 144A		1,202,182
	435,000	Global Payments, Inc., 2.900%, 5/15/2030		368,696
	530,000	Global Payments, Inc., 2.900%, 11/15/2031		431,162
	255,000	Global Payments, Inc., 5.300%, 8/15/2029		248,435
	545,000	Global Payments, Inc., 5.400%, 8/15/2032		531,068
	1,215,000	Iron Mountain, Inc., 4.875%, 9/15/2029, 144A		1,087,591
	850,000	Leidos, Inc., 5.750%, 3/15/2033		844,427
	1,320,000	Micron Technology, Inc., 5.875%, 2/09/2033		1,313,404
	3,560,000	Micron Technology, Inc., 5.875%, 9/15/2033		3,527,722
	1,480,000	Micron Technology, Inc., 6.750%, 11/01/2029		1,538,447
	290,000	MSCI, Inc., 3.250%, 8/15/2033, 144A		233,554
	145,000	NXP BV/NXP Funding LLC/NXP USA, Inc., 4.400%, 6/01/2027		140,170
	315,000	Open Text Corp., 6.900%, 12/01/2027, 144A		320,680
	1,270,000	Oracle Corp., 3.950%, 3/25/2051		960,275

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Technology – continued
	$505,000	Oracle Corp., 6.150%, 11/09/2029	$	525,992
	615,000	Sensata Technologies BV, 4.000%, 4/15/2029, 144A		547,525
	205,000	SK Hynix, Inc., 6.375%, 1/17/2028, 144A		205,858
	995,000	Trimble, Inc., 6.100%, 3/15/2033		1,008,164
	680,000	Verisk Analytics, Inc., 5.750%, 4/01/2033		711,888
	830,000	VMware, Inc., 2.200%, 8/15/2031		652,214
	490,000	Western Digital Corp., 2.850%, 2/01/2029		391,495
	810,000	Western Digital Corp., 4.750%, 2/15/2026		771,539
				24,839,503
		Transportation Services – 0.2%
	945,000	ERAC USA Finance LLC, 4.900%, 5/01/2033, 144A		923,408
	65,000	Rand Parent LLC, 8.500%, 2/15/2030, 144A		58,853
				982,261
		Treasuries – 13.9%
	16,104,000,000	Indonesia Treasury Bonds, Series FR95, 6.375%, 8/15/2028, (IDR)		1,094,718
	22,800,000	Republic of South Africa Government Bonds, Series 2035, 8.875%, 2/28/2035, (ZAR)		990,922
	16,275,000	U.S. Treasury Bonds, 3.250%, 5/15/2042		14,522,895
	15,495,000	U.S. Treasury Notes, 0.125%, 7/31/2023		15,434,936
	9,340,000	U.S. Treasury Notes, 0.500%, 11/30/2023		9,156,119
	12,585,000	U.S. Treasury Notes, 0.875%, 1/31/2024(f)		12,260,051
	6,710,000	U.S. Treasury Notes, 1.500%, 2/29/2024		6,537,532
				59,997,173
		Wireless – 3.1%
	775,000	American Tower Corp., 5.500%, 3/15/2028		769,608
	1,440,000	Crown Castle, Inc., 5.100%, 5/01/2033		1,415,066
	585,000	IHS Holding Ltd., 5.625%, 11/29/2026, 144A		509,184
	935,000	SBA Communications Corp., 3.125%, 2/01/2029		792,558

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Wireless – continued
	$600,000	SoftBank Group Corp., 4.625%, 7/06/2028	$	518,520
	210,000	SoftBank Group Corp., 5.250%, 7/06/2031		180,150
	1,305,000	Sprint Capital Corp., 8.750%, 3/15/2032		1,577,232
	150,000	T-Mobile USA, Inc., 2.400%, 3/15/2029		128,926
	265,000	T-Mobile USA, Inc., 2.700%, 3/15/2032		218,898
	3,275,000	T-Mobile USA, Inc., 3.375%, 4/15/2029		2,957,482
	1,620,000	T-Mobile USA, Inc., 3.500%, 4/15/2031		1,429,485
	2,965,000	T-Mobile USA, Inc., 3.875%, 4/15/2030		2,731,561
				13,228,670
		Total Non-Convertible Bonds (Identified Cost $383,732,864)		344,851,869
	Convertible Bonds – 3.5%
		Airlines – 0.3%
	245,000	JetBlue Airways Corp., 0.500%, 4/01/2026		201,207
	1,160,000	Southwest Airlines Co., 1.250%, 5/01/2025		1,329,940
				1,531,147
		Cable Satellite – 0.7%
	1,055,000	DISH Network Corp., 2.375%, 3/15/2024		934,994
	4,105,000	DISH Network Corp., 3.375%, 8/15/2026		2,083,287
	90,000	DISH Network Corp., Zero Coupon, 6.944%-33.164%, 12/15/2025(g)		47,816
				3,066,097
		Consumer Cyclical Services – 0.3%
	90,000	Peloton Interactive, Inc., Zero Coupon, 0.519%-0.799%, 2/15/2026(g)		68,253
	1,270,000	Uber Technologies, Inc., Zero Coupon, 0.000%-5.582%, 12/15/2025(g)		1,164,222
				1,232,475
		Electric – 0.2%
	1,010,000	PPL Capital Funding, Inc., 2.875%, 3/15/2028, 144A		964,550
		Gaming – 0.1%
	215,000	Penn Entertainment, Inc., 2.750%, 5/15/2026		266,385

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
	Convertible Bonds – continued
		Healthcare – 0.4%
	$2,405,000	Teladoc Health, Inc., 1.250%, 6/01/2027	$	1,911,975
		Leisure – 0.2%
	750,000	NCL Corp. Ltd., 1.125%, 2/15/2027		689,760
		Media Entertainment – 0.2%
	605,000	Snap, Inc., Zero Coupon, 6.697%-7.641%, 5/01/2027(g)		447,700
	540,000	Spotify USA, Inc., Zero Coupon, 5.189%-5.873%, 3/15/2026(g)		458,730
				906,430
		Pharmaceuticals – 0.8%
	820,000	BioMarin Pharmaceutical, Inc., 0.599%, 8/01/2024		805,460
	2,205,000	BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027		2,216,697
	485,000	Livongo Health, Inc., 0.875%, 6/01/2025		438,149
				3,460,306
		Technology – 0.3%
	465,000	Splunk, Inc., 1.125%, 6/15/2027		401,063
	910,000	Unity Software, Inc., Zero Coupon, 7.084%-8.213%, 11/15/2026(g)		726,635
				1,127,698
		Total Convertible Bonds (Identified Cost $19,273,236)		15,156,823
	Municipals – 0.8%
		Virginia – 0.8%
	3,780,000	Tobacco Settlement Financing Corp., Series A-1, 6.706%, 6/01/2046 (Identified Cost $3,763,669)		3,577,547
		Total Bonds and Notes (Identified Cost $406,769,769)		363,586,239
	Senior Loans – 0.3%
		Consumer Cyclical Services – 0.1%
	528,675	Uber Technologies, Inc., 2023 Term Loan B, 3 mo. USD SOFR + 2.750%, 8.009%, 3/03/2030(h)(i)		528,252
		Leisure – 0.1%
	159,192	Carnival Corp., 2021 Incremental Term Loan B, 1 mo. USD SOFR + 3.250%, 8.467%, 10/18/2028(b)(j)		157,600

Principal Amount (‡)		Description	Value (†)
	Senior Loans – continued
		Leisure – continued
	$213,897	Carnival Corp., USD Term Loan B, 1 mo. USD SOFR + 3.000%, 8.217%, 6/30/2025(b)(j)	$	213,429
				371,029
		Property & Casualty Insurance – 0.1%
	320,000	HUB International Ltd., 2023 Term Loan B, 6/20/2030(k)		320,579
		Total Senior Loans (Identified Cost $1,212,576)		1,219,860
	Collateralized Loan Obligations – 3.7%
	555,000	522 Funding CLO Ltd., Series 2021-7A, Class D, 3 mo. USD LIBOR + 2.900%, 8.173%, 4/23/2034, 144A(b)		496,959
	1,090,000	AIG CLO LLC, Series 2021-1A, Class D, 3 mo. USD LIBOR + 2.950%, 8.223%, 4/22/2034, 144A(b)		1,009,094
	1,005,000	AIMCO CLO, Series 2017-AA, Class DR, 3 mo. USD LIBOR + 3.150%, 8.400%, 4/20/2034, 144A(b)		931,817
	605,000	AIMCO CLO 12 Ltd., Series 2020-12A, Class AR, 3 mo. USD SOFR + 1.170%, 6.156%, 1/17/2032, 144A(b)		598,724
	1,940,000	AIMCO CLO 14 Ltd., Series 2021-14A, Class D, 3 mo. USD LIBOR + 2.900%, 8.150%, 4/20/2034, 144A(b)		1,797,583
	2,100,000	ARES XLII CLO Ltd., Series 2017-42A, Class BR, 3 mo. USD LIBOR + 1.500%, 6.773%, 1/22/2028, 144A(b)		2,072,765
	255,000	Atrium XV, Series 15A, Class D, 3 mo. USD LIBOR + 3.000%, 8.273%, 1/23/2031, 144A(b)		246,141
	450,000	Carlyle U.S. CLO Ltd., Series 2016-4A, Class A2R, 3 mo. USD LIBOR + 1.450%, 6.700%, 10/20/2027, 144A(b)		445,534
	370,000	Carlyle U.S. CLO Ltd., Series 2018-4A, Class C, 3 mo. USD LIBOR + 2.900%, 8.150%, 1/20/2031, 144A(b)		347,763
	305,000	CarVal CLO I Ltd., Series 2018-1A, Class D, 3 mo. USD LIBOR + 2.890%, 8.150%, 7/16/2031, 144A(b)		286,025
	503,000	CIFC Funding Ltd., Series 2018-1A, Class D, 3 mo. USD LIBOR + 2.650%, 7.912%, 4/18/2031, 144A(b)		468,447
	340,000	Elmwood CLO VIII Ltd., Series 2021-1A, Class D2, 3 mo. USD LIBOR + 2.850%, 8.100%, 1/20/2034, 144A(b)		327,421
	365,000	Invesco CLO Ltd., Series 2021-1A, Class D, 3 mo. USD LIBOR + 3.050% 8.310%, 4/15/2034, 144A(b)		340,606
	500,000	Madison Park Funding XXXI Ltd., Series 2018-31A, Class D, 3 mo. USD LIBOR + 3.000%, 8.273%, 1/23/2031, 144A(b)		483,519
	1,930,000	Oaktree CLO Ltd., Series 2019-2A, Class BR, 3 mo. USD LIBOR + 2.700%, 7.960%, 4/15/2031, 144A(b)		1,846,008
	255,000	OCP CLO Ltd., Series 2018-15A, Class C, 3 mo. USD LIBOR + 2.950%, 8.200%, 7/20/2031, 144A(b)		236,338
	1,835,000	OZLM XXIII Ltd., Series 2019-23A, Class DR, 3 mo. USD LIBOR + 3.750%, 9.010%, 4/15/2034, 144A(b)		1,681,700
	250,000	Recette CLO Ltd., Series 2015-1A, Class DRR, 3 mo. USD LIBOR + 3.250%, 8.500%, 4/20/2034, 144A(b)		227,634
	895,000	Rockford Tower CLO Ltd., Series 2018-1A, Class A, 3 mo. USD LIBOR + 1.100%, 6.479%, 5/20/2031, 144A(b)		884,924
	470,000	Signal Peak CLO 1 Ltd., Series 2014-1A, Class AR3, 3 mo. USD LIBOR + 1.160%, 6.420%, 4/17/2034, 144A(b)		461,143
	575,000	Sixth Street CLO XVIII Ltd., Series 2021-18A, Class D, 3 mo. USD LIBOR + 2.900%, 8.150%, 4/20/2034, 144A(b)		535,152

Principal Amount (‡)		Description	Value (†)
	Collateralized Loan Obligations – continued
	$410,000	Verde CLO Ltd., Series 2019-1A, Class AR, 3 mo. USD LIBOR + 1.100%, 6.360%, 4/15/2032, 144A(b)	$	404,263
		Total Collateralized Loan Obligations (Identified Cost $16,943,523)		16,129,560
Shares
	Common Stocks – 1.6%
		Aerospace & Defense – 0.0%
	302	Lockheed Martin Corp.		139,035
		Air Freight & Logistics – 0.1%
	959	United Parcel Service, Inc., Class B		171,901
		Banks – 0.0%
	477	JPMorgan Chase & Co.		69,375
		Beverages – 0.0%
	2,316	Coca-Cola Co.		139,470
		Biotechnology – 0.1%
	1,247	AbbVie, Inc.		168,008
		Capital Markets – 0.1%
	106	BlackRock, Inc.		73,261
	1,195	Morgan Stanley		102,053
				175,314
		Chemicals – 0.0%
	178	Linde PLC		67,832
		Communications Equipment – 0.0%
	948	Cisco Systems, Inc.		49,050
		Consumer Staples Distribution & Retail – 0.1%
	126	Costco Wholesale Corp.		67,836
	712	Walmart, Inc.		111,912
				179,748
		Containers & Packaging – 0.0%
	360	Packaging Corp. of America		47,578
		Electric Utilities – 0.0%
	882	Duke Energy Corp.		79,151
	308	NextEra Energy, Inc.		22,853
				102,004
		Electrical Equipment – 0.0%
	684	Emerson Electric Co.		61,827
		Financial Services – 0.0%
	173	Mastercard, Inc., Class A		68,041

Shares		Description	Value (†)
	Common Stocks – continued
		Ground Transportation – 0.0%
	464	Union Pacific Corp.	$	94,944
		Health Care Equipment & Supplies – 0.0%
	1,043	Abbott Laboratories		113,708
		Health Care Providers & Services – 0.1%
	286	Elevance Health, Inc.		127,067
	266	UnitedHealth Group, Inc.		127,850
				254,917
		Hotels, Restaurants & Leisure – 0.0%
	1,438	Starbucks Corp.		142,448
		Household Products – 0.0%
	976	Procter & Gamble Co.		148,098
		IT Services – 0.0%
	332	Accenture PLC, Class A		102,449
		Life Sciences Tools & Services – 0.0%
	174	Thermo Fisher Scientific, Inc.		90,784
		Machinery – 0.1%
	270	Cummins, Inc.		66,193
	306	Deere & Co.		123,988
				190,181
		Media – 0.2%
	138,910	Altice USA, Inc., Class A(e)		419,508
	4,012	Comcast Corp., Class A		166,699
	34,625	iHeartMedia, Inc., Class A(e)		126,035
				712,242
		Metals & Mining – 0.0%
	2,726	Newmont Corp.		116,291
		Oil, Gas & Consumable Fuels – 0.5%
	939	Battalion Oil Corp.(e)		5,362
	10,661	Canadian Natural Resources Ltd.		599,788
	360	Devon Energy Corp.		17,402
	5,695	Diamondback Energy, Inc.		748,095
	3,445	EOG Resources, Inc.		394,246
	1,569	Pioneer Natural Resources Co.		325,065
	2,846	Williams Cos., Inc.		92,865
				2,182,823
		Pharmaceuticals – 0.1%
	1,848	Bristol-Myers Squibb Co.		118,180
	795	Johnson & Johnson		131,588
	169	Merck & Co., Inc.		19,501
				269,269

Shares		Description	Value (†)
	Common Stocks – continued
		Professional Services – 0.0%
	456	Clarivate PLC(e)	$	4,346
		Semiconductors & Semiconductor Equipment – 0.1%
	235	Broadcom, Inc.		203,846
	1,719	Microchip Technology, Inc.		154,005
	1,256	QUALCOMM, Inc.		149,514
				507,365
		Software – 0.1%
	610	Microsoft Corp.		207,729
		Specialized REITs – 0.0%
	609	American Tower Corp.		118,109
		Specialty Retail – 0.0%
	391	Home Depot, Inc.		121,460
		Technology Hardware, Storage & Peripherals – 0.0%
	800	Apple, Inc.		155,176
		Trading Companies & Distributors – 0.0%
	1,207	Fastenal Co.		71,201
		Total Common Stocks (Identified Cost $9,611,183)		7,042,723
	Preferred Stocks – 0.7%
	Convertible Preferred Stocks – 0.7%
		Banking – 0.5%
	1,109	Bank of America Corp., Series L, 7.250%		1,299,549
	834	Wells Fargo & Co., Series L, Class A, 7.500%		960,768
				2,260,317
		Midstream – 0.1%
	5,333	El Paso Energy Capital Trust I, 4.750%		247,718
		Technology – 0.1%
	8,046	Clarivate PLC, Series A, 5.250%		330,288
		Total Preferred Stocks (Identified Cost $3,751,063)		2,838,323
Principal Amount (‡)
	Short-Term Investments – 8.3%
	$9,714,866	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/2023 at 2.300% to be repurchased at $9,716,728 on 7/03/2023 collateralized by $11,460,700 U.S. Treasury Note, 0.500% due 5/31/2027 valued at $9,909,249 including accrued interest(l)		9,714,866
	13,345,000	U.S. Treasury Bills, 5.205%-5.223%, 11/30/2023(m)(n)		13,055,932

Principal Amount		Description	Value (†)
	$4,390,000	U.S. Treasury Bills, 5.209%, 10/24/2023(m)	$	4,318,208
	8,870,000	U.S. Treasury Bills, 5.263%, 12/28/2023(m)		8,640,353
		Total Short-Term Investments (Identified Cost $35,719,470)		35,729,359
		Total Investments – 99.0% (Identified Cost $474,007,584)		426,546,064
		Other assets less liabilities – 1.0%		4,168,973
		Net Assets – 100.0%	$	430,715,037

(†)	Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available are priced at fair value pursuant to the Fund’s Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the Board’s oversight.
	Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Futures contracts are valued at the closing settlement price on the exchange on which the valuation designee believes that, over time, they are traded most extensively. Shares of open-end investment companies are valued at net asset value per share.
	Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair 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 fair valued using evaluated bids furnished by an independent pricing service, if available.
	Debt securities and unlisted preferred equity securities are fair 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 fair valued at bid prices supplied by an independent pricing service, if available. Broker-dealer bid prices may be used to fair value debt, unlisted equities, senior loans and collateralized loan obligations where an independent pricing service is unable to price an investment or where an independent pricing service does not provide a reliable price for the investment. Forward foreign currency contracts are fair valued utilizing interpolated rates determined based on information provided by an independent pricing service.
	The Fund may also fair value investments 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 a Fund’s investments, the valuation designee may, among other things, use modeling tools or other processes that may take into account factors such as issuer specific information, or other related market activity and/or information that occurred after the close of the foreign market but before the time the Fund’s net asset value (“NAV”) is calculated. Fair valuation by the Fund’s valuation designee may require subjective determinations about the value of the investment, and fair values used to determine a Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may not always result in adjustments to the prices of investments held by a Fund.
	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.
(a)	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 June 30, 2023 is disclosed.
(b)	Variable rate security. Rate as of June 30, 2023 is disclosed.
(c)	Perpetual bond with no specified maturity date.
(d)	The issuer is in default with respect to interest and/or principal payments. Income is not being accrued.
(e)	Non-income producing security.
(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. The Fund’s investment in this security is comprised of various lots with differing annualized yields.
(h)	Variable rate security. Rate shown represents the weighted average rate of underlying contracts at June 30, 2023. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.
(i)	Stated interest rate has been determined in accordance with the provisions of the loan agreement and is subject to a minimum benchmark floor rate of 0.00%, to which the spread is added.
(j)	Stated interest rate has been determined in accordance with the provisions of the loan agreement and is subject to a minimum benchmark floor rate of 0.75%, to which the spread is added.
(k)	Position is unsettled. Contract rate was not determined at June 30, 2023 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(l)	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 June 30, 2023, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.
(m)	Interest rate represents discount rate at time of purchase; not a coupon rate.
(n)	The Fund’s investment in U.S. Government/Agency securities is comprised of various lots with differing discount rates. These separate investments, which have the same maturity date, have been aggregated for the purpose of presentation in the Portfolio of Investments.
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 June 30, 2023, the value of Rule 144A holdings amounted to $167,222,511 or 38.8% of net assets.
ABS	Asset-Backed Securities
LIBOR	London Interbank Offered Rate
MTN	Medium Term Note
REITs	Real Estate Investment Trusts
REMIC	Real Estate Mortgage Investment Conduit
SOFR	Secured Overnight Financing Rate
EUR	Euro
IDR	Indonesian Rupiah
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 June 30, 2023, 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.

9/20/2023

EUR

S1,063,000

$

1,151,303

$

1,164,381

$

(13,078

)

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 June 30, 2023, open long futures contracts were as follows:

Financial Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
CBOT 2 Year U.S. Treasury Notes Futures		9/29/2023		165	$	33,905,063	$	33,551,719	$	(353,344	)
CBOT 5 Year U.S. Treasury Notes Futures		9/29/2023		306		33,239,990		32,770,688		(469,302	)
CBOT 10 Year U.S. Treasury Notes Futures		9/20/2023		70		7,950,612		7,858,594		(92,018	)
CBOT U.S. Long Bond Futures		9/20/2023		192		24,202,202		24,366,000		163,798
CME Ultra Long Term U.S. Treasury Bond Futures		9/20/2023		229		30,676,052		31,194,094		518,042
Total									$	(232,824	)

At June 30, 2023, open short futures contracts were as follows:

Financial Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
Ultra 10 Year U.S. Treasury Notes Futures		9/20/2023		120	$	14,270,582	$	14,212,500	$	58,082

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 Fund’s pricing policies have been approved by the Board of Trustees. Investments for which market quotations are readily available are categorized in Level 1. Other investments for which an independent pricing service is utilized are categorized in Level 2. Broker-dealer bid prices for which the Fund has knowledge of the inputs used by the broker-dealer are categorized in Level 2. All other investments, including broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer, as well as investments fair valued by the valuation designee, are categorized in Level 3. All Level 2 and 3 securities are defined as being fair valued.

Under certain conditions and based upon specific facts and circumstances, the Fund’s valuation designee may determine that a fair valuation should be made for portfolio investment(s). These valuation designee fair valuations will be based upon a significant amount of Level 3 inputs.

The following is a summary of the inputs used to value the Fund’s investments as of June 30, 2023, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Bonds and Notes*	$	—	$	363,586,239	$	—	$	363,586,239
Senior Loans*		—		1,219,860		—		1,219,860
Collateralized Loan Obligations		—		16,129,560		—		16,129,560
Common Stocks*		7,042,723		—		—		7,042,723
Preferred Stocks*		2,838,323		—		—		2,838,323
Short-Term Investments		—		35,729,359		—		35,729,359
Total Investments		9,881,046		416,665,018		—		426,546,064
Futures Contracts (unrealized appreciation)		739,922		—		—		739,922
Total	$	10,620,968	$	416,665,018	$	—	$	427,285,986

Liability Valuation Inputs

Description	Level 1			Level 2			Level 3		Total
Forward Foreign Currency Contracts (unrealized depreciation)	$	—		$	(13,078	)	$	—	$	(13,078	)
Futures Contracts (unrealized depreciation)		(914,664	)		—			—		(914,664	)
Total	$	(914,664	)	$	(13,078	)	$	—	$	(927,742	)
*   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 September 30, 2022 and/or June 30, 2023:

Asset Valuation Inputs

Investments in Securities	Balance as of September 30, 2022		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 June 30, 2023		Change in Unrealized Appreciation (Depreciation) from Investments Still Held at June 30, 2023
Bonds and Notes
Non-Convertible Bonds
Property & Casualty Insurance	$	199,675	$	—	$	—	$	—	$	—	$	—	$	—	$	(199,675	)	$	—	$	(199,675	)

A debt security valued at $199,675 was transferred from Level 3 to Level 2 during the period ended June 30, 2023. At September 30, 2022, this security was fair valued as determined by the Fund’s valuation designee as an independent pricing service did not provide a reliable price for the security. At June 30, 2023, this security was fair valued based on 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 at period end 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 exchange 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. As of June 30, 2023, the Fund engaged in forward foreign currency contracts for hedging purposes.

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. As of June 30, 2023, the Fund used futures contracts to manage duration.

The following is a summary of derivative instruments for the Fund, as of June 30, 2023:

Assets	Unrealized appreciation on futures contracts
Exchange-traded asset derivatives Interest rate contracts	$	739,922

Liabilities	Unrealized depreciation on forward foreign currency contracts			Unrealized depreciation on futures contracts
Over-the-counter liability derivatives
Foreign exchange contracts	$	(13,078	)	$	—
Exchange-traded liability derivatives
Interest rate contracts		—			(914,664	)
Total liability derivatives	$	(13,078	)	$	(914,664	)

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 June 30, 2023, 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.	$	(13,078	)	$	—

Counterparty risk is managed based on policies and procedures established by each 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. A 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. With exchange-traded derivatives, there is minimal counterparty credit risk to the Fund because the exchange’s clearing house, as counterparty to these instruments, stands between the buyer and the seller of the contract. Credit risk still exists in exchange-traded derivatives with respect to initial and variation margin that is held in a broker’s customer accounts. While brokers 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.

Industry Summary at June 30, 2023 (Unaudited)

Treasuries	13.9	%
Banking	6.7
Technology	6.2
ABS Home Equity	4.6
Finance Companies	4.6
Cable Satellite	4.4
ABS Car Loan	4.0
Independent Energy	3.5
Wireless	3.1
Pharmaceuticals	2.9
Metals & Mining	2.4
Midstream	2.2
ABS Other	2.1
Life Insurance	2.1
Consumer Cyclical Services	2.0
Other Investments, less than 2% each	22.3
Short-Term Investments	8.3
Collateralized Loan Obligations	3.7
Total Investments	99.0
Other assets less liabilities (including forward foreign currency and futures contracts)	1.0
Net Assets	100.0	%