Pioneer High Yield Fund NPORT-P Pioneer High Yield Fund (Jul 2021 report)

Pioneer High

Yield Fund

Schedule of Investments | July 31, 2021

Ticker Symbols:

Class A      TAHYX

Class C      PYICX

Class R      TYHRX

Class Y      TYHYX

	Shares			Value
			UNAFFILIATED ISSUERS - 97.0%
			COMMON STOCKS - 0.4% of Net Assets
			Energy Equipment & Services - 0.4%
	82,479(a)		FTS International, Inc.	$1,611,639
	29,249^(a)		Superior Energy Services, Inc.	928,656
			Total Energy Equipment & Services	$2,540,295
			Oil, Gas & Consumable Fuels - 0.0%†
	23(a)		Amplify Energy Corp.	$76
	6,967,063^(a)		Ascent CNR Corp.	209,012
			Total Oil, Gas & Consumable Fuels	$209,088
			TOTAL COMMON STOCKS
			(Cost $2,970,818)	$2,749,383
			CONVERTIBLE PREFERRED STOCK - 0.4% of Net Assets
			Banks - 0.4%
	1,561(b)		Wells Fargo & Co., 7.5%	$2,361,028
			Total Banks	$2,361,028
			TOTAL CONVERTIBLE PREFERRED STOCK
			(Cost $1,767,833)	$2,361,028
	Principal Amount USD ($)			Value
			COLLATERALIZED MORTGAGE OBLIGATION - 0.0%† of Net Assets
	201,296		Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25%, 11/25/32 (144A)	$131,302
			TOTAL COLLATERALIZED MORTGAGE OBLIGATION
			(Cost $196,220)	$131,302
			CONVERTIBLE CORPORATE BONDS - 4.5% of Net Assets
			Airlines - 0.8%
	1,437,000		Air Canada, 4.0%, 7/1/25	$2,192,090
	2,986,000		Spirit Airlines, Inc., 1.0%, 5/15/26	2,793,702
			Total Airlines	$4,985,792
			Biotechnology - 0.3%
	730,000		Insmed, Inc., 0.75%, 6/1/28	$740,950
	1,244,000		Insmed, Inc., 1.75%, 1/15/25	1,247,110
			Total Biotechnology	$1,988,060
			Commercial Services - 0.0%†
	50		Macquarie Infrastructure Corp., 2.0%, 10/1/23	$50
			Total Commercial Services	$50
			Energy-Alternate Sources - 0.4%
	2,600,000(c)		Enphase Energy, Inc., 3/1/28 (144A)	$2,628,600
			Total Energy-Alternate Sources	$2,628,600
			Entertainment - 0.5%
	1,974,000(c)		DraftKings, Inc., 3/15/28 (144A)	$1,730,211
	1,369,000		IMAX Corp., 0.5%, 4/1/26 (144A)	1,268,105
			Total Entertainment	$2,998,316
			Healthcare-Products - 0.3%
	1,775,000		Integra LifeSciences Holdings Corp., 0.5%, 8/15/25	$2,016,932
			Total Healthcare-Products	$2,016,932
			Media - 0.2%
	1,596,000		DISH Network Corp., 3.375%, 8/15/26	$1,635,900
			Total Media	$1,635,900
			Mining - 0.3%
	1,695,000		Ivanhoe Mines, Ltd., 2.5%, 4/15/26 (144A)	$2,119,515
			Total Mining	$2,119,515
			Pharmaceuticals - 0.5%
	2,035,000		Revance Therapeutics, Inc., 1.75%, 2/15/27	$2,349,556
	2,122,000		Tricida, Inc., 3.5%, 5/15/27	814,636
			Total Pharmaceuticals	$3,164,192
			REIT - 0.2%
	971,000		Summit Hotel Properties, Inc., 1.5%, 2/15/26	$987,992
			Total REIT	$987,992
			Software - 1.0%
	2,230,000		Bentley Systems, Inc., 0.375%, 7/1/27 (144A)	$2,232,230
	1,610,000		Ceridian HCM Holding, Inc., 0.25%, 3/15/26 (144A)	1,636,887
	1,085,000(c)		Everbridge, Inc., 3/15/26 (144A)	1,127,722
	1,450,000		Verint Systems, Inc., 0.25%, 4/15/26 (144A)	1,397,165
			Total Software	$6,394,004
			TOTAL CONVERTIBLE CORPORATE BONDS
			(Cost $28,361,389)	$28,919,353
			CORPORATE BONDS - 85.6% of Net Assets
			Advertising - 2.1%
	300,000		Clear Channel International BV, 6.625%, 8/1/25 (144A)	$314,625
	2,400,000		Clear Channel Outdoor Holdings, Inc., 7.5%, 6/1/29 (144A)	2,487,840
	1,430,000		Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A)	1,491,233
	990,000		Lamar Media Corp., 3.625%, 1/15/31 (144A)	977,625
	5,857,000(d)		MDC Partners, Inc., 7.5%, 5/1/24 (144A)	5,964,183
	1,080,000		Outfront Media Capital LLC/Outfront Media Capital Corp., 4.25%, 1/15/29 (144A)	1,085,400
	Principal Amount USD ($)			Value
			Advertising - (continued)
	975,000		Outfront Media Capital LLC/Outfront Media Capital Corp., 6.25%, 6/15/25 (144A)	$1,034,436
			Total Advertising	$13,355,342
			Airlines - 0.8%
	450,000		Air Canada, 3.875%, 8/15/26 (144A)	$450,117
	955,000		American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.5%, 4/20/26 (144A)	999,169
	795,000		American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.75%, 4/20/29 (144A)	857,757
	2,036,000		Delta Air Lines, Inc., 3.75%, 10/28/29	2,017,452
	415,000		United Airlines, Inc., 4.375%, 4/15/26 (144A)	426,985
	415,000		United Airlines, Inc., 4.625%, 4/15/29 (144A)	428,156
			Total Airlines	$5,179,636
			Auto Manufacturers - 3.3%
	2,345,000		Allison Transmission, Inc., 3.75%, 1/30/31 (144A)	$2,333,275
	1,480,000		Ford Motor Credit Co. LLC, 3.375%, 11/13/25	1,545,111
	1,900,000		Ford Motor Credit Co. LLC, 3.625%, 6/17/31	1,968,875
	730,000		Ford Motor Credit Co. LLC, 4.0%, 11/13/30	771,062
	3,110,000		Ford Motor Credit Co. LLC, 4.125%, 8/17/27	3,327,700
	3,095,000		Ford Motor Credit Co. LLC, 4.134%, 8/4/25	3,311,031
	1,635,000		Ford Motor Credit Co. LLC, 4.542%, 8/1/26	1,775,847
	1,825,000		Ford Motor Credit Co. LLC, 5.113%, 5/3/29	2,066,338
	4,221,000		JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A)	4,447,879
			Total Auto Manufacturers	$21,547,118
			Auto Parts & Equipment - 1.3%
	4,585,000	��	American Axle & Manufacturing, Inc., 6.25%, 3/15/26	$4,738,070
	3,198,000		Dealer Tire LLC/DT Issuer LLC, 8.0%, 2/1/28 (144A)	3,442,200
			Total Auto Parts & Equipment	$8,180,270
			Banks - 0.4%
	250,000		Freedom Mortgage Corp., 6.625%, 1/15/27 (144A)	$242,812
	1,896,000		Freedom Mortgage Corp., 8.125%, 11/15/24 (144A)	1,938,660
	736,000		Freedom Mortgage Corp., 8.25%, 4/15/25 (144A)	763,600
			Total Banks	$2,945,072
			Biotechnology - 0.2%
	1,235,000		HCRX Investments Holdco LP, 4.5%, 8/1/29 (144A)	$1,259,700
			Total Biotechnology	$1,259,700
			Building Materials - 2.6%
	1,110,000		Builders FirstSource, Inc., 4.25%, 2/1/32 (144A)	$1,133,599
	270,000		Builders FirstSource, Inc., 5.0%, 3/1/30 (144A)	287,212
	2,281,000		Builders FirstSource, Inc., 6.75%, 6/1/27 (144A)	2,440,670
	3,035,000		Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A)	3,232,275
	1,420,000		CP Atlas Buyer, Inc., 7.0%, 12/1/28 (144A)	1,465,483
	1,217,000		Koppers, Inc., 6.0%, 2/15/25 (144A)	1,247,425
	3,599,000		Patrick Industries, Inc., 7.5%, 10/15/27 (144A)	3,913,912
	203,000		Summit Materials LLC/Summit Materials Finance Corp., 5.125%, 6/1/25 (144A)	204,965
	130,000		Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 1/15/29 (144A)	137,963
	2,918,000		Summit Materials LLC/Summit Materials Finance Corp., 6.5%, 3/15/27 (144A)	3,060,865
			Total Building Materials	$17,124,369
			Chemicals - 2.7%
	2,860,000		Element Solutions, Inc., 3.875%, 9/1/28 (144A)	$2,917,999
	1,480,000		Hexion, Inc., 7.875%, 7/15/27 (144A)	1,591,000
	1,040,000		Kraton Polymers LLC/Kraton Polymers Capital Corp., 4.25%, 12/15/25 (144A)	1,066,000
	2,328,000		OCI NV, 4.625%, 10/15/25 (144A)	2,406,570
	627,000		OCI NV, 5.25%, 11/1/24 (144A)	643,835
	1,976,000		Olin Corp., 5.0%, 2/1/30	2,116,790
	2,880,000		Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.125%, 4/1/29 (144A)	2,930,400
	2,505,000		Tronox, Inc., 4.625%, 3/15/29 (144A)	2,545,706
	1,218,000		Tronox, Inc., 6.5%, 5/1/25 (144A)	1,289,557
			Total Chemicals	$17,507,857
			Coal - 0.4%
	2,500,000		SunCoke Energy, Inc., 4.875%, 6/30/29 (144A)	$2,521,925
			Total Coal	$2,521,925
			Commercial Services - 6.0%
	590,000		Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.0%, 6/1/29 (144A)	$590,738
	1,410,000		Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A)	1,492,837
	3,405,000		Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A)	3,732,220
	700,000		Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A)	700,000
	1,025,000		Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A)	1,028,844
	1,924,000		APX Group, Inc., 5.75%, 7/15/29 (144A)	1,931,734
	1,710,000		APX Group, Inc., 6.75%, 2/15/27 (144A)	1,812,600
	2,030,000		Brink’s Co., 5.5%, 7/15/25 (144A)	2,134,038
	3,855,000		CoreLogic, Inc., 4.5%, 5/1/28 (144A)	3,840,544
	295,000		Garda World Security Corp., 4.625%, 2/15/27 (144A)	296,097
	3,876,000		Garda World Security Corp., 6.0%, 6/1/29 (144A)	3,793,635
	3,008,000		Garda World Security Corp., 9.5%, 11/1/27 (144A)	3,278,720
	1,050,000		Gartner, Inc., 3.625%, 6/15/29 (144A)	1,074,938
	1,470,000		NESCO Holdings II, Inc., 5.5%, 4/15/29 (144A)	1,516,930
	Principal Amount USD ($)			Value
			Commercial Services - (continued)
	800,000		Nielsen Finance LLC/Nielsen Finance Co., 4.5%, 7/15/29 (144A)	$805,996
	805,000		Nielsen Finance LLC/Nielsen Finance Co., 4.75%, 7/15/31 (144A)	811,903
	975,000		Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, 4/15/24 (144A)	1,042,031
	1,870,000		Prime Security Services Borrower LLC/Prime Finance, Inc., 5.75%, 4/15/26 (144A)	2,047,650
	4,165,000		Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A)	4,346,802
	2,279,000		Sotheby’s, 7.375%, 10/15/27 (144A)	2,434,314
	585,000		United Rentals, Inc., 3.75%, 1/15/32	585,000
			Total Commercial Services	$39,297,571
			Computers - 1.2%
	330,000		Diebold Nixdorf, Inc., 8.5%, 4/15/24	$336,308
	2,605,000		Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A)	2,862,244
	2,070,000		KBR, Inc., 4.75%, 9/30/28 (144A)	2,090,700
	1,275,000		NCR Corp., 5.0%, 10/1/28 (144A)	1,313,250
	635,000		NCR Corp., 5.25%, 10/1/30 (144A)	668,338
	290,000		NCR Corp., 8.125%, 4/15/25 (144A)	315,012
			Total Computers	$7,585,852
			Cosmetics/Personal Care - 0.5%
	3,080,000		Edgewell Personal Care Co., 5.5%, 6/1/28 (144A)	$3,261,320
			Total Cosmetics/Personal Care	$3,261,320
			Diversified Financial Services - 3.6%
	2,360,000		Alliance Data Systems Corp., 4.75%, 12/15/24 (144A)	$2,421,667
	3,261,284(e)		Avation Capital SA, 8.25% (8.25% PIK 9.00% cash), 10/31/26 (144A)	2,657,946
	3,425,466(e)		Global Aircraft Leasing Co., Ltd., 6.5% (7.25% PIK 6.50% cash), 9/15/24 (144A)	3,442,593
	1,790,000		Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.0%, 8/15/28 (144A)	1,825,800
	1,275,000		Nationstar Mortgage Holdings, Inc., 5.5%, 8/15/28 (144A)	1,295,719
	1,985,000		OneMain Finance Corp., 3.5%, 1/15/27	2,019,737
	3,538,000		Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A)	3,608,760
	1,965,000		United Wholesale Mortgage LLC, 5.5%, 4/15/29 (144A)	1,950,263
	3,806,000		VistaJet Malta Finance Plc/XO Management Holding, Inc., 10.5%, 6/1/24 (144A)	4,132,555
			Total Diversified Financial Services	$23,355,040
			Electric - 2.4%
	875,000		Calpine Corp., 4.625%, 2/1/29 (144A)	$862,969
	875,000		Calpine Corp., 5.0%, 2/1/31 (144A)	883,750
	1,133,000		Calpine Corp., 5.25%, 6/1/26 (144A)	1,165,698
	1,640,000		Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A)	1,640,000
	940,000		Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29 (144A)	958,800
	915,000		NRG Energy, Inc., 3.375%, 2/15/29 (144A)	910,425
	1,315,000		NRG Energy, Inc., 3.625%, 2/15/31 (144A)	1,324,862
	210,267		NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A)	224,978
	2,830,000		Talen Energy Supply LLC, 7.625%, 6/1/28 (144A)	2,581,866
	1,402,000		Talen Energy Supply LLC, 10.5%, 1/15/26 (144A)	932,330
	1,075,000		Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A)	1,101,875
	2,852,000		Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A)	2,958,950
			Total Electric	$15,546,503
			Electrical Components & Equipment - 0.7%
	1,800,000		Energizer Holdings, Inc., 4.75%, 6/15/28 (144A)	$1,849,500
	1,390,000		WESCO Distribution, Inc., 7.125%, 6/15/25 (144A)	1,494,236
	965,000		WESCO Distribution, Inc., 7.25%, 6/15/28 (144A)	1,075,107
			Total Electrical Components & Equipment	$4,418,843
			Electronics - 0.4%
	940,000		Atkore, Inc., 4.25%, 6/1/31 (144A)	$961,150
	795,000		Sensata Technologies, Inc., 3.75%, 2/15/31 (144A)	800,962
	615,000		TTM Technologies, Inc., 4.0%, 3/1/29 (144A)	618,844
			Total Electronics	$2,380,956
			Energy-Alternate Sources - 0.5%
	475,000		Atlantica Sustainable Infrastructure Plc, 4.125%, 6/15/28 (144A)	$492,812
	2,570,000		Renewable Energy Group, Inc., 5.875%, 6/1/28 (144A)	2,679,225
			Total Energy-Alternate Sources	$3,172,037
			Engineering & Construction - 1.8%
	1,125,000		Arcosa, Inc., 4.375%, 4/15/29 (144A)	$1,150,312
	2,556,000		Dycom Industries, Inc., 4.5%, 4/15/29 (144A)	2,587,950
	5,175,000		PowerTeam Services LLC, 9.033%, 12/4/25 (144A)	5,699,435
	1,991,000		TopBuild Corp., 3.625%, 3/15/29 (144A)	1,991,597
			Total Engineering & Construction	$11,429,294
			Entertainment - 2.6%
	740,000		Boyne USA, Inc., 4.75%, 5/15/29 (144A)	$763,125
	3,536,000		Caesars Entertainment, Inc., 8.125%, 7/1/27 (144A)	3,888,469
	942,000		Cirsa Finance International S.a.r.l., 7.875%, 12/20/23 (144A)	958,485
	2,030,000		Lions Gate Capital Holdings LLC, 5.5%, 4/15/29 (144A)	2,078,111
	3,110,000		Mohegan Gaming & Entertainment, 8.0%, 2/1/26 (144A)	3,238,008
	1,580,000		Scientific Games International, Inc., 7.25%, 11/15/29 (144A)	1,771,780
	3,958,000		Scientific Games International, Inc., 8.25%, 3/15/26 (144A)	4,200,467
			Total Entertainment	$16,898,445
			Environmental Control - 0.4%
	875,000		GFL Environmental, Inc., 4.0%, 8/1/28 (144A)	$864,706
	Principal Amount USD ($)			Value
			Environmental Control - (continued)
	1,781,000		Tervita Corp., 11.0%, 12/1/25 (144A)	$2,043,697
			Total Environmental Control	$2,908,403
			Food - 1.8%
	4,870,000		FAGE International SA/FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A)	$5,010,938
	4,750,000		Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 3/1/29 (144A)	4,795,600
	1,835,000		US Foods, Inc., 4.75%, 2/15/29 (144A)	1,871,700
			Total Food	$11,678,238
			Forest Products & Paper - 1.6%
	1,318,000		Clearwater Paper Corp., 4.75%, 8/15/28 (144A)	$1,332,761
	4,605,000		Mercer International, Inc., 5.125%, 2/1/29	4,691,344
	3,858,000		Schweitzer-Mauduit International, Inc., 6.875%, 10/1/26 (144A)	4,091,872
			Total Forest Products & Paper	$10,115,977
			Healthcare-Services - 1.7%
	1,060,000		LifePoint Health, Inc., 5.375%, 1/15/29 (144A)	$1,054,700
	1,960,000		Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A)	2,103,786
	4,328,000		Surgery Center Holdings, Inc., 10.0%, 4/15/27 (144A)	4,717,520
	690,000		US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A)	717,600
	2,287,000		US Renal Care, Inc., 10.625%, 7/15/27 (144A)	2,483,339
			Total Healthcare-Services	$11,076,945
			Home Builders - 2.7%
	3,790,000		Beazer Homes USA, Inc., 6.75%, 3/15/25	$3,908,400
	1,405,000		Beazer Homes USA, Inc., 7.25%, 10/15/29	1,536,789
	1,877,000		Brookfield Residential Properties, Inc./Brookfield Residential US LLC, 6.25%, 9/15/27 (144A)	1,982,206
	3,380,000		KB Home, 4.0%, 6/15/31	3,515,200
	3,165,000		M/I Homes, Inc., 4.95%, 2/1/28	3,316,920
	2,963,000		Taylor Morrison Communities, Inc., 5.875%, 6/15/27 (144A)	3,343,745
			Total Home Builders	$17,603,260
			Household Products/Wares - 0.4%
	870,000		Central Garden & Pet Co., 4.125%, 4/30/31 (144A)	$887,400
	1,360,000		Spectrum Brands, Inc., 5.5%, 7/15/30 (144A)	1,472,200
			Total Household Products/Wares	$2,359,600
			Housewares - 0.3%
	2,105,000		Scotts Miracle-Gro Co., 4.0%, 4/1/31 (144A)	$2,115,357
			Total Housewares	$2,115,357
			Internet - 0.4%
	2,161,000		Netflix, Inc., 5.375%, 11/15/29 (144A)	$2,666,134
			Total Internet	$2,666,134
			Iron & Steel - 1.9%
	1,474,000		Carpenter Technology Corp., 6.375%, 7/15/28	$1,620,394
	4,993,000		Cleveland-Cliffs, Inc., 6.75%, 3/15/26 (144A)	5,386,199
	192,000		Cleveland-Cliffs, Inc., 9.875%, 10/17/25 (144A)	224,400
	794,000		Commercial Metals Co., 3.875%, 2/15/31	797,970
	1,230,000		Commercial Metals Co., 5.375%, 7/15/27	1,291,032
	2,985,000		TMS International Corp., 6.25%, 4/15/29 (144A)	3,129,996
			Total Iron & Steel	$12,449,991
			Leisure Time - 1.9%
	365,000		Carnival Corp., 7.625%, 3/1/26 (144A)	$385,531
EUR	475,000		Carnival Corp., 7.625%, 3/1/26 (144A)	611,817
	500,000		Carnival Corp., 10.5%, 2/1/26 (144A)	572,490
	2,130,000		NCL Corp., Ltd., 5.875%, 3/15/26 (144A)	2,145,975
	585,000		NCL Finance, Ltd., 6.125%, 3/15/28 (144A)	590,850
	2,250,000		Royal Caribbean Cruises, Ltd., 9.125%, 6/15/23 (144A)	2,447,168
	1,191,000		Royal Caribbean Cruises, Ltd., 11.5%, 6/1/25 (144A)	1,363,695
	2,978,000		Viking Cruises, Ltd., 5.875%, 9/15/27 (144A)	2,829,100
	1,165,000		Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A)	1,165,000
			Total Leisure Time	$12,111,626
			Lodging - 1.0%
	1,215,000		Boyd Gaming Corp., 4.75%, 6/15/31 (144A)	$1,257,045
	1,810,000		Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.0%, 6/1/29 (144A)	1,826,326
	1,965,000		Station Casinos LLC, 4.5%, 2/15/28 (144A)	1,974,825
	1,270,000		Travel + Leisure Co., 6.625%, 7/31/26 (144A)	1,417,637
			Total Lodging	$6,475,833
			Machinery-Construction & Mining- 0.2%
	1,535,000		Terex Corp., 5.0%, 5/15/29 (144A)	$1,590,644
			Total Machinery-Construction & Mining	$1,590,644
			Media - 3.9%
	1,140,000		CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 6/1/33 (144A)	$1,186,740
	2,290,000		CCO Holdings LLC/CCO Holdings Capital Corp., 5.0%, 2/1/28 (144A)	2,401,683
	2,869,000		CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/1/27 (144A)	3,001,691
	200,000		CSC Holdings LLC, 5.0%, 11/15/31 (144A)	201,330
	2,000,000		CSC Holdings LLC, 5.375%, 2/1/28 (144A)	2,112,660
	1,040,000		CSC Holdings LLC, 5.75%, 1/15/30 (144A)	1,083,878
	2,672,000		CSC Holdings LLC, 7.5%, 4/1/28 (144A)	2,914,203
	1,754,000		Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/27 (144A)	695,023
	Principal Amount USD ($)			Value
			Media - (continued)
	5,620,000		Mav Acquisition Corp., 8.0%, 8/1/29 (144A)	$5,500,575
	1,135,000		News Corp., 3.875%, 5/15/29 (144A)	1,155,396
	2,775,000		Sirius XM Radio, Inc., 4.0%, 7/15/28 (144A)	2,861,719
	2,512,000		Summer BC Bidco B LLC, 5.5%, 10/31/26 (144A)	2,549,680
			Total Media	$25,664,578
			Metal Fabricate/Hardware - 0.5%
	2,955,000		TriMas Corp., 4.125%, 4/15/29 (144A)	$2,999,325
			Total Metal Fabricate/Hardware	$2,999,325
			Mining - 1.8%
	2,025,000		Coeur Mining, Inc., 5.125%, 2/15/29 (144A)	$1,965,566
	625,000		First Quantum Minerals, Ltd., 6.875%, 3/1/26 (144A)	652,250
	1,680,000		First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A)	1,820,700
	730,000		First Quantum Minerals, Ltd., 7.25%, 4/1/23 (144A)	743,688
	2,238,000		IAMGOLD Corp., 5.75%, 10/15/28 (144A)	2,299,545
	1,023,000		Joseph T Ryerson & Son, Inc., 8.5%, 8/1/28 (144A)	1,130,415
	600,000		Novelis Corp., 3.25%, 11/15/26 (144A)	609,000
	900,000		Novelis Corp., 3.875%, 8/15/31 (144A)	909,216
	1,840,000		Novelis Corp., 5.875%, 9/30/26 (144A)	1,906,608
			Total Mining	$12,036,988
			Miscellaneous Manufacturers - 0.4%
	1,545,000		Bombardier, Inc., 7.125%, 6/15/26 (144A)	$1,602,937
	1,095,000		Hillenbrand, Inc., 3.75%, 3/1/31	1,114,152
			Total Miscellaneous Manufacturers	$2,717,089
			Oil & Gas - 7.7%
	2,066,000		Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A)	$2,210,012
	1,770,000		Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.875%, 6/30/29 (144A)	1,743,450
	4,700,000		Baytex Energy Corp., 8.75%, 4/1/27 (144A)	4,700,000
	3,435,000		Colgate Energy Partners III LLC, 7.75%, 2/15/26 (144A)	3,684,175
	780,000		EQT Corp., 3.125%, 5/15/26 (144A)	802,386
	810,000		EQT Corp., 3.625%, 5/15/31 (144A)	857,952
	1,375,000		Hilcorp Energy I LP/Hilcorp Finance Co., 6.0%, 2/1/31 (144A)	1,431,719
	2,820,000		Indigo Natural Resources LLC, 5.375%, 2/1/29 (144A)	2,939,850
	2,535,000		MEG Energy Corp., 5.875%, 2/1/29 (144A)	2,617,387
	1,245,000		MEG Energy Corp., 7.125%, 2/1/27 (144A)	1,306,341
	3,259,000		Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A)	3,311,959
	3,320,000		Occidental Petroleum Corp., 4.4%, 4/15/46	3,257,152
	665,000		Occidental Petroleum Corp., 5.5%, 12/1/25	731,500
	1,790,000		Parkland Corp., 5.875%, 7/15/27 (144A)	1,908,588
	2,172,000		PBF Holding Co. LLC/PBF Finance Corp., 6.0%, 2/15/28	1,134,414
	903,000		PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 5/15/25 (144A)	828,502
	1,775,000		Precision Drilling Corp., 6.875%, 1/15/29 (144A)	1,823,813
	1,628,000		Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A)	1,224,793
	1,635,000		Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A)	1,675,875
	4,573,000		Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)	4,526,676
	1,837,944		Transocean Sentry, Ltd., 5.375%, 5/15/23 (144A)	1,732,262
	2,240,000		Tullow Oil Plc, 10.25%, 5/15/26 (144A)	2,335,200
	3,240,000		Vine Energy Holdings LLC, 6.75%, 4/15/29 (144A)	3,377,700
			Total Oil & Gas	$50,161,706
			Oil & Gas Services - 0.5%
	1,448,000		Exterran Energy Solutions LP/EES Finance Corp., 8.125%, 5/1/25	$1,274,240
	1,945,000		TechnipFMC Plc, 6.5%, 2/1/26 (144A)	2,084,271
			Total Oil & Gas Services	$3,358,511
			Packaging & Containers - 1.9%
	4,453,000		Crown Cork & Seal Co., Inc., 7.375%, 12/15/26	$5,472,737
	4,592,000		Greif, Inc., 6.5%, 3/1/27 (144A)	4,833,080
	1,805,000		Intertape Polymer Group, Inc., 4.375%, 6/15/29 (144A)	1,844,791
			Total Packaging & Containers	$12,150,608
			Pharmaceuticals - 2.4%
	2,087,000		Bausch Health Americas, Inc., 8.5%, 1/31/27 (144A)	$2,256,370
	1,259,000		Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.5%, 7/31/27 (144A)	1,263,029
	1,800,000		Jazz Securities, DAC, 4.375%, 1/15/29 (144A)	1,874,250
	1,700,000		P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A)	1,776,500
	2,749,000		Par Pharmaceutical, Inc., 7.5%, 4/1/27 (144A)	2,803,980
	5,598,000		Teva Pharmaceutical Finance Netherlands III BV, 2.8%, 7/21/23	5,533,623
			Total Pharmaceuticals	$15,507,752
			Pipelines - 5.0%
	4,634,000		CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.5%, 6/15/31 (144A)	$4,807,775
	3,400,000		DCP Midstream Operating LP, 5.6%, 4/1/44	3,897,811
	2,800,000		Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25	2,849,000
	1,215,000		Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A)	1,263,138
	3,520,000(b)(f)		Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)	3,638,800
	68,000		EnLink Midstream LLC, 5.375%, 6/1/29	70,733
	1,375,000		EnLink Midstream Partners LP, 4.15%, 6/1/25	1,419,962
	685,000		EnLink Midstream Partners LP, 5.05%, 4/1/45	633,625
	2,473,000		EnLink Midstream Partners LP, 5.6%, 4/1/44	2,411,175
	1,295,000		Genesis Energy LP/Genesis Energy Finance Corp., 8.0%, 1/15/27	1,330,612
	Principal Amount USD ($)			Value
			Pipelines - (continued)
	4,126,000		Harvest Midstream I LP, 7.5%, 9/1/28 (144A)	$4,411,849
	1,886,000		Northriver Midstream Finance LP, 5.625%, 2/15/26 (144A)	1,944,938
	2,200,000		PBF Logistics LP/PBF Logistics Finance Corp., 6.875%, 5/15/23	2,131,250
	585,000		Venture Global Calcasieu Pass LLC, 3.875%, 8/15/29 (144A)	598,163
	875,000		Venture Global Calcasieu Pass LLC, 4.125%, 8/15/31 (144A)	905,625
			Total Pipelines	$32,314,456
			REITs - 3.0%
	2,725,000		HAT Holdings I LLC/HAT Holdings II LLC, 3.375%, 6/15/26 (144A)	$2,761,460
	4,723,000		Iron Mountain, Inc., 4.875%, 9/15/27 (144A)	4,894,209
	1,780,000		iStar, Inc., 4.25%, 8/1/25	1,845,522
	3,190,000		iStar, Inc., 4.75%, 10/1/24	3,381,400
	2,453,000		MPT Operating Partnership LP/MPT Finance Corp., 4.625%, 8/1/29	2,640,655
	1,560,000		Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A)	1,661,400
	2,090,000		Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.5%, 2/15/29 (144A)	2,118,340
			Total REITs	$19,302,986
			Retail - 3.9%
	2,660,000		AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A)	$2,633,400
	835,000		Ambience Merger Sub, Inc., 7.125%, 7/15/29 (144A)	845,437
	1,409,000		Asbury Automotive Group, Inc., 4.5%, 3/1/28	1,460,076
	1,845,000		Beacon Roofing Supply, Inc., 4.125%, 5/15/29 (144A)	1,840,387
	650,000		Bloomin’ Brands, Inc./OSI Restaurant Partners LLC, 5.125%, 4/15/29 (144A)	667,875
	275,000		GYP Holdings III Corp., 4.625%, 5/1/29 (144A)	277,750
	865,000		Ken Garff Automotive LLC, 4.875%, 9/15/28 (144A)	887,706
	905,000		L Brands, Inc., 6.625%, 10/1/30 (144A)	1,040,750
	2,220,000		LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A)	2,271,793
	1,165,000		Lithia Motors, Inc., 3.875%, 6/1/29 (144A)	1,226,768
	995,000		Macy’s Retail Holdings LLC, 5.875%, 4/1/29 (144A)	1,049,576
	1,710,000		Murphy Oil USA, Inc., 3.75%, 2/15/31 (144A)	1,705,725
	1,461,000		Party City Holdings, Inc., 8.75%, 2/15/26 (144A)	1,546,790
	1,995,000		QVC, Inc., 4.375%, 9/1/28	2,048,586
	1,195,000		QVC, Inc., 4.75%, 2/15/27	1,281,040
	675,000		SRS Distribution, Inc., 4.625%, 7/1/28 (144A)	688,500
	450,000		SRS Distribution, Inc., 6.125%, 7/1/29 (144A)	459,968
	2,609,000		Staples, Inc., 7.5%, 4/15/26 (144A)	2,648,135
	1,015,000		Victoria’s Secret & Co., 4.625%, 7/15/29 (144A)	1,016,380
			Total Retail	$25,596,642
			Semiconductors - 0.4%
	2,345,000		Entegris, Inc., 3.625%, 5/1/29 (144A)	$2,403,625
			Total Semiconductors	$2,403,625
			Telecommunications - 4.2%
	4,507,000		Altice France Holding SA, 6.0%, 2/15/28 (144A)	$4,445,028
	465,000		Altice France SA, 5.125%, 1/15/29 (144A)	468,487
	2,180,000		Altice France SA, 5.125%, 7/15/29 (144A)	2,196,154
	1,510,000		CommScope Technologies LLC, 5.0%, 3/15/27 (144A)	1,527,818
	1,081,000		CommScope, Inc., 8.25%, 3/1/27 (144A)	1,144,509
	40,000		Level 3 Financing, Inc., 3.75%, 7/15/29 (144A)	39,200
	3,168,000		Level 3 Financing, Inc., 4.625%, 9/15/27 (144A)	3,289,968
	2,492,000		LogMeIn, Inc., 5.5%, 9/1/27 (144A)	2,583,332
	800,000		Lumen Technologies, Inc., 4.0%, 2/15/27 (144A)	822,000
	3,270,000		Lumen Technologies, Inc., 4.5%, 1/15/29 (144A)	3,210,486
	2,120,000		Plantronics, Inc., 4.75%, 3/1/29 (144A)	2,067,000
	2,405,000		T-Mobile USA, Inc., 3.5%, 4/15/31 (144A)	2,522,381
	2,685,000		Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A)	2,738,700
			Total Telecommunications	$27,055,063
			Transportation - 2.0%
	2,387,000		Danaos Corp., 8.5%, 3/1/28 (144A)	$2,571,992
	1,250,000		Seaspan Corp., 5.5%, 8/1/29 (144A)	1,246,513
	2,600,000		Seaspan Corp., 6.5%, 4/29/26 (144A)	2,788,500
	2,200,000		Watco Cos., LLC/Watco Finance Corp., 6.5%, 6/15/27 (144A)	2,352,152
	3,590,000		Western Global Airlines LLC, 10.375%, 8/15/25 (144A)	4,042,663
			Total Transportation	$13,001,820
			Trucking & Leasing - 0.2%
	1,205,000		Fortress Transportation & Infrastructure Investors LLC, 9.75%, 8/1/27 (144A)	$1,373,700
			Total Trucking & Leasing	$1,373,700
			TOTAL CORPORATE BONDS
			(Cost $534,175,284)	$555,764,007
			INSURANCE-LINKED SECURITIES - 0.4% of Net Assets#
			Event Linked Bonds - 0.0%†
			Multiperil - U.S. - 0.0%†
	750,000+(g)		Caelus Re V, 0.543% (1 Month U.S. Treasury Bill + 50 bps), 6/5/24 (144A)	$66
	450,000(g)		Caelus Re V, 2.543% (3 Month U.S. Treasury Bill + 250 bps), 6/9/25 (144A)	45
				$111
			Total Event Linked Bonds	$111
	Face Amount USD ($)			Value
			Collateralized Reinsurance - 0.2%
			Multiperil - U.S. - 0.0%†
	250,000+(h)		Dingle Re 2019, 2/1/22	$5,132
			Multiperil - Worldwide - 0.1%
	1,000,000+(a)(h)		Cypress Re 2017, 1/31/22	$100
	555,123+(a)(h)		Dartmouth Re 2018, 1/31/22	117,187
	39,000+(h)		Limestone Re, 3/1/23 (144A)	23,158
	24,000+(h)		Limestone Re 2016-1, 8/31/22	1,350
	24,000+(h)		Limestone Re 2016-1, 8/31/22	1,350
	333,342+(a)(h)		Oyster Bay Re 2018, 1/31/22	302,541
	800,000+(a)(h)		Resilience Re, 10/6/21	–
	340,299+(a)(h)		Seminole Re 2018, 1/31/22	8,408
	442,599+(a)(h)		Walton Health Re 2018, 6/15/22	139,031
				$593,125
			Windstorm - Florida - 0.1%
	400,000+(a)(h)		Formby Re 2018, 2/28/22	$55,677
	750,000+(a)(h)		Portrush Re 2017, 6/15/22	478,575
				$534,252
			Windstorm - U.S. Regional - 0.0%†
	500,000+(a)(h)		Oakmont Re 2017, 4/30/22	$14,700
			Total Collateralized Reinsurance	$1,147,209
			Reinsurance Sidecars - 0.2%
			Multiperil - U.S. - 0.0%†
	1,500,000+(a)(h)		Carnoustie Re 2017, 11/30/21	$197,700
	1,400,000+(a)(i)		Harambee Re 2018, 12/31/21	3,780
	973,488+(i)		Harambee Re 2019, 12/31/22	4,965
				$206,445
			Multiperil - Worldwide - 0.2%
	8,504+(i)		Alturas Re 2019-2, 3/10/22	$11,677
	1,000,000+(a)(h)		Bantry Re 2016, 3/31/22	80,600
	500,000+(a)(h)		Bantry Re 2017, 3/31/22	29,220
	400,000+(a)(h)		Bantry Re 2018, 12/31/21	4,560
	400,000+(a)(h)		Bantry Re 2019, 12/31/22	13,585
	2,152,482+(a)(h)		Berwick Re 2018-1, 12/31/21	206,815
	1,067,182+(a)(h)		Berwick Re 2019-1, 12/31/22	127,528
	37,500+(h)		Eden Re II, 3/22/22 (144A)	11,793
	15,000+(h)		Eden Re II, 3/22/22 (144A)	4,460
	7,850+(h)		Eden Re II, 3/22/23 (144A)	41,368
	400,000+(a)(h)		Gleneagles Re 2018, 12/31/21	47,320
	800,000+(a)(i)		Lorenz Re 2018, 7/1/22	4,080
	411,569+(a)(i)		Lorenz Re 2019, 6/30/22	45,149
	900,000+(a)(h)		Merion Re 2018-2, 12/31/21	148,950
	2,000,000+(h)		Pangaea Re 2016-2, 11/30/21	3,567
	500,000+(a)(h)		Pangaea Re 2018-1, 12/31/21	10,527
	500,000+(a)(h)		Pangaea Re 2018-3, 7/1/22	10,372
	409,624+(a)(h)		Pangaea Re 2019-1, 2/1/23	8,536
	367,657+(a)(h)		Pangaea Re 2019-3, 7/1/23	13,225
	868,992+(a)(h)		St. Andrews Re 2017-4, 6/1/22	85,509
	250,000+(a)(i)		Thopas Re 2018, 12/31/21	1,250
	600,000+(a)(i)		Thopas Re 2019, 12/31/22	27,060
	450,000+(a)(h)		Versutus Re 2018, 12/31/21	–
	397,146+(h)		Versutus Re 2019-A, 12/31/21	10,167
	52,853+(h)		Versutus Re 2019-B, 12/31/21	1,290
	300,000+(a)(i)		Viribus Re 2018, 12/31/21	–
	127,384+(a)(i)		Viribus Re 2019, 12/31/22	5,325
	405,831+(a)(h)		Woburn Re 2018, 12/31/21	29,707
	419,863+(a)(h)		Woburn Re 2019, 12/31/22	118,149
				$1,101,789
			Total Reinsurance Sidecars	$1,308,234
			TOTAL INSURANCE-LINKED SECURITIES
			(Cost $4,587,847)	$2,455,554
	Principal Amount USD ($)
			SENIOR SECURED FLOATING RATE LOAN INTERESTS - 2.2% of Net Assets*(g)
			Aerospace & Defense - 0.4%
	2,010,000		Grupo Aeromexico, SAB de CV, DIP Tranche 1 Term Loan, 9.0% (LIBOR + 800 bps), 12/31/21	$2,025,075
	555,269		Grupo Aeromexico, SAB de CV, DIP Tranche 2 Term Loan, 15.5% (LIBOR + 1,450 bps), 12/31/21	569,845
			Total Aerospace & Defense	$2,594,920
			Diversified & Conglomerate Service - 0.5%
	1,407,668		First Brands Group LLC, 2021 First Lien Term Loan, 6.0% (LIBOR + 500 bps), 3/30/27	$1,426,437
	Principal Amount USD ($)			Value
			Diversified & Conglomerate Service - (continued)
	1,898,262		Team Health Holdings, Inc., Initial Term Loan, 3.75% (LIBOR + 275 bps), 2/6/24	$1,839,733
			Total Diversified & Conglomerate Service	$3,266,170
			Entertainment & Leisure - 0.4%
	2,591,266		Enterprise Development Authority, Term B Loan, 5.0% (LIBOR + 425 bps), 2/28/28	$2,604,223
			Total Entertainment & Leisure	$2,604,223
			Healthcare, Education & Childcare - 0.2%
	756,691		Alliance HealthCare Services, Inc., First Lien Initial Term Loan, 5.5% (LIBOR + 450 bps), 10/24/23	$757,637
	418,950		Surgery Center Holdings, Inc., 2021 New Term Loan, 4.5% (LIBOR + 375 bps), 8/31/26	419,436
			Total Healthcare, Education & Childcare	$1,177,073
			Hotel, Gaming & Leisure - 0.0%†
	256,914		Spectacle Gary Holdings LLC, Delayed Draw Term Loan, 11.0% (LIBOR + 900 bps), 12/23/25	$280,036
			Total Hotel, Gaming & Leisure	$280,036
			Securities & Trusts - 0.6%
	3,538,286		Spectacle Gary Holdings LLC, Closing Date Term Loan, 11.0% (LIBOR + 900 bps), 12/23/25	$3,856,732
			Total Securities & Trusts	$3,856,732
			Utilities - 0.1%
	866,250		PG & E Corp., Term Loan, 3.5% (LIBOR + 300 bps), 6/23/25	$845,315
			Total Utilities	$845,315
			TOTAL SENIOR SECURED FLOATING RATE LOAN INTERESTS
			(Cost $13,878,177)	$14,624,469
			U.S. GOVERNMENT AND AGENCY OBLIGATION - 1.4% of Net Assets
	9,000,000(g)		U.S. Treasury Floating Rate Notes, 0.35% (3 Month U.S. Treasury Bill Money Market Yield + 30 bps), 10/31/21	$9,006,728
			TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATION
			(Cost $9,002,549)	$9,006,728
	Shares
			RIGHTS/WARRANTS - 0.1% of Net Assets
			Health Care Providers & Services - 0.0%†
	2,136^(a)(j)		Option Care Health, Inc., 6/30/25	$3,952
	2,136^(a)(k)		Option Care Health, Inc., 6/30/25	3,161
			Total Health Care Providers & Services	$7,113
			Oil, Gas & Consumable Fuels - 0.0%†
	921(a)(l)		Alpha Metallurgical Resources, Inc.	$4,034
	4,728,525(m)		ANR, Inc., 3/31/23	21,278
			Total Oil, Gas & Consumable Fuels	$25,312
			Real Estate Management & Development - 0.0%†
	21(n)		Fujian Thai Hot Investment Co., Ltd. 10/13/27	$9,450
			Total Real Estate Management & Development	$9,450
			Transportation - 0.1%
	17,624^(a)(o)		Syncreon Group, 10/01/24	$354,278
			Total Transportation	$354,278
			TOTAL RIGHTS/WARRANTS
			(Cost $598,117)	$396,153
	Principal Amount USD ($)
			TEMPORARY CASH INVESTMENTS - 2.0% of Net Assets
			REPURCHASE AGREEMENTS - 2.0%
	3,750,000		$3,750,000 RBC Capital Markets LLC, 0.05%, dated 7/30/21 plus accrued interest on 8/2/21 collateralized by $3,825,016 Government National Mortgage Association, 4.0%, 1/20/45.	$3,750,000
	3,000,000		$3,000,000 ScotiaBank, 0.05%, dated 7/30/21 plus accrued interest on 8/2/21 collateralized by $3,060,031 U.S. Treasury Notes, 0.6%, 1/15/24.	3,000,000
	3,000,000		$3,000,000 TD Securities USA LLC, 0.05%, dated 7/30/21 plus accrued interest on 8/2/21 collateralized by $3,060,064 U.S. Treasury Notes, 2.0%, 11/15/26.	3,000,000
	3,000,000		$3,000,000 TD Securities USA LLC, 0.06%, dated 7/30/21 plus accrued interest on 8/2/21 collateralized by $3,060,064 U.S. Treasury Notes, 2.0%, 11/15/26.	3,000,000
				$12,750,000
			TOTAL TEMPORARY CASH INVESTMENTS
			(Cost $12,750,000)	$12,750,000
			TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 97.0%
			(Cost $608,288,234)	$629,157,977
			OTHER ASSETS AND LIABILITIES - 3.0%	$19,743,525
			NET ASSETS - 100.0%	$648,901,502

bps	Basis Points.
CMT	Constant Maturity Rate Index.
LIBOR	London Interbank Offered Rate.
REIT	Real Estate Investment Trust.
(144A)	Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At July 31, 2021, the value of these securities amounted to $473,301,199, or 72.9% of net assets.

†	Amount rounds to less than 0.1%.
*	Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at July 31, 2021.
+	Security that used significant unobservable inputs to determine its value.
^	Security is valued using fair value methods (other than supplied by independent pricing services).
(a)	Non-income producing security.
(b)	Security is perpetual in nature and has no stated maturity date.
(c)	Security issued with a zero coupon. Income is recognized through accretion of discount.
(d)	Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date.  The rate shown is the rate at July 31, 2021.
(e)	Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
(f)	The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at July 31, 2021.
(g)	Floating rate note. Coupon rate, reference index and spread shown at July 31, 2021.
(h)	Issued as participation notes.
(i)	Issued as preference shares.
(j)	Option Care Health, Inc. warrants are exercisable into 2,136 shares.
(k)	Option Care Health, Inc. warrants are exercisable into 2,136 shares.
(l)	Alpha Metallurgical Resources, Inc. warrants are exercisable into 921 shares.
(m)	ANR, Inc., 3/31/23 warrants are exercisable into 4,728,525 shares.
(n)	Fujian Thai Hot Investment Co., Ltd. warrants are exercisable into 21 shares.
(o)	Syncreon Group warrants are exercisable into 17,624 shares.
#	Securities are restricted as to resale.

Restricted Securities	Acquisition date	Cost	Value
Alturas Re 2019-2	12/19/2018	$ 8,504	$ 11,677
Bantry Re 2016	2/6/2019	80,600	80,600
Bantry Re 2017	2/6/2019	29,232	29,220
Bantry Re 2018	2/6/2019	4,551	4,560
Bantry Re 2019	2/1/2019	–	13,585
Berwick Re 2018-1	1/10/2018	354,938	206,815
Berwick Re 2019-1	12/31/2018	127,519	127,528
Caelus Re V	4/27/2017	750,000	66
Caelus Re V	5/4/2018	450,000	45
Carnoustie Re 2017	1/5/2017	356,635	197,700
Cypress Re 2017	1/24/2017	3,361	100
Dartmouth Re 2018	1/18/2018	225,619	117,187
Dingle Re 2019	3/4/2019	–	5,132
Eden Re II	12/15/2017	896	4,460
Eden Re II	1/23/2018	867	11,793
Eden Re II	1/22/2019	921	41,368
Formby Re 2018	7/9/2018	44,131	55,677
Gleneagles Re 2018	12/27/2017	32,109	47,320
Harambee Re 2018	12/19/2017	70,571	3,780
Harambee Re 2019	4/24/2019	–	4,965
Limestone Re	6/20/2018	287	23,158
Limestone Re 2016-1	12/15/2016	1,980	1,350
Limestone Re 2016-1	12/15/2016	1,980	1,350
Lorenz Re 2018	6/26/2018	171,736	4,080
Lorenz Re 2019	7/10/2019	130,583	45,149
Merion Re 2018-2	12/28/2017	37,037	148,950
Oakmont Re 2017	5/10/2017	–	14,700
Oyster Bay Re 2018	1/17/2018	297,524	302,541
Pangaea Re 2016-2	5/31/2016	–	3,567
Pangaea Re 2018-1	1/11/2018	71,503	10,527
Pangaea Re 2018-3	5/31/2018	120,430	10,372
Pangaea Re 2019-1	1/9/2019	4,301	8,536
Pangaea Re 2019-3	7/25/2019	11,030	13,225
Portrush Re 2017	6/12/2017	575,239	478,575
Resilience Re	4/13/2017	2,614	–
Seminole Re 2018	1/2/2018	2,876	8,408
St. Andrews Re 2017-4	3/31/2017	–	85,509
Thopas Re 2018	12/12/2017	32,702	1,250
Thopas Re 2019	12/21/2018	22,734	27,060
Versutus Re 2018	1/31/2018	298	–
Versutus Re 2019-A	1/28/2019	–	10,167
Versutus Re 2019-B	12/24/2018	–	1,290
Viribus Re 2018	12/22/2017	23,670	–
Viribus Re 2019	3/25/2019	–	5,325
Walton Health Re 2018	6/25/2018	291,732	139,031
Woburn Re 2018	3/20/2018	143,520	29,707
Woburn Re 2019	1/30/2019	103,617	118,149
Total Restricted Securities			$2,455,554
% of Net assets			0.4%

SWAP CONTRACTS
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - BUY PROTECTION
Notional Amount ($)(1)		Reference Obligation/Index	Pay/ Receive(2)	Annual Fixed Rate	Expiration Date	Premiums Paid	Unrealized (Depreciation)	Market Value
48,580,000		Markit CDX North America High Yield Series 33	Receive	5.00%	6/20/26	$128,197	$(4,879,051)	$(4,750,854)
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - BUY PROTECTION						$128,197	$(4,879,051)	$(4,750,854)
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - SELL PROTECTION
Notional Amount ($)(1)		Reference Obligation/Index	Pay/ Receive(2)	Annual Fixed Rate	Expiration Date	Premiums (Received)	Unrealized Appreciation	Market Value
1,619,800		Markit CDX North America High Yield Series 32	Receive	5.00%	12/20/24	$(3,825)	$160,477	$156,652
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - SELL PROTECTION						$(3,825)	$160,477	$156,652
TOTAL SWAP CONTRACTS						$124,372	$(4,718,574)	$(4,594,202)
(1)	The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event.
(2)	Receives quarterly.

Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
EUR	-	Euro

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels below.

Level 1 - unadjusted quoted prices in active markets for identical securities.

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

The following is a summary of the inputs used as of July 31, 2021, in valuing the Fund’s investments:

	Level 1		Level 2			Level 3		Total
Common Stocks
Energy Equipment & Services	$	1,611,639	$	–		$	928,656	$	2,540,295
Oil, Gas & Consumable Fuels		76		–			209,012		209,088
Convertible Preferred Stock		2,361,028		–			–		2,361,028
Collateralized Mortgage Obligation		–		131,302			–		131,302
Convertible Corporate Bonds		–		28,919,353			–		28,919,353
Corporate Bonds		–		555,764,007			–		555,764,007
Insurance-Linked Securities
Catastrophe Linked Bonds
Multiperil - U.S.		–		45			66		111
Collateralized Reinsurance
Multiperil - U.S.		–		–			5,132		5,132
Multiperil - Worldwide		–		–			593,125		593,125
Windstorm - Florida		–		–			534,252		534,252
Windstorm - U.S. Regional		–		–			14,700		14,700
Reinsurance Sidecars
Multiperil - U.S.		–		–			206,445		206,445
Multiperil - Worldwide		–		–			1,101,789		1,101,789
Senior Secured Floating Rate Loan    Interests		–		14,624,469			–		14,624,469
U.S. Government and Agency Obligation		–		9,006,728			–		9,006,728
Rights/Warrants
Health Care Providers & Services		–		–			7,113		7,113
Oil, Gas & Consumable Fuels		–		25,312			–		25,312
Real Estate Management &      Development		–		9,450			–		9,450
Transportation		–		354,278			–		354,278
Repurchase Agreements		–		12,750,000			–		12,750,000
Total Investments in Securities	$	3,972,743	$	608,834,944		$	3,600,290	$	629,157,977
Other Financial Instruments
Swap contracts, at value	$	–	$	(4,594,202	)	$	–	$	(4,594,202	)
Total Other Financial Instruments	$	–	$	(4,594,202	)	$	–	$	(4,594,202	)

The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):

	Common Stocks		Insurance- Linked Securities			Rights/ Warrants			Total
Balance as of 10/31/20	$	209,012	$	4,360,427		$	—	**	$	4,569,439
Realized gain (loss)		--		(120,199	)		--			(120,199	)
Change in unrealized appreciation     (depreciation)		51,186		(87,188	)		3,931			(32,071	)
Accrued discounts/premiums		--		--			--			--
Purchases		877,470		--			--			877,470
Sales		--		(1,697,531	)		--			(1,697,531	)
Transfers in to Level 3*		--		--			3,182			3,182
Transfers out of Level 3*		--		--			--			–
Balance as of 1/31/21	$	1,137,668	$	2,455,509		$	7,113		$	3,600,290

* Transfers are calculated on the beginning of period values. During the nine months ended July 31, 2021, an investment valued at $3,182 was transferred from Level 2 to Level 3, due to valuing the security using unobservable inputs. There were no other transfers in or out of Level 3.

**     Security valued at $0.

Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at July 31, 2021: $22,887.