Janus Henderson Venture Fund Class T (JAVTX) NPORT-P Janus Henderson Multi-Sector Income Fund (Sep 2023 report)

Janus Henderson Multi-Sector Income Fund

Schedule of Investments (unaudited)

September 30, 2023

Shares or Principal Amounts			Value
Asset-Backed/Commercial Mortgage-Backed Securities– 60.0%
	Aaset 2019-2 Trust, 6.4130%, 10/16/39 (144A)	$4,723,808	$1,062,432
	ACC Auto Trust 2021-A C, 3.7900%, 4/15/27 (144A)	6,000,000	5,868,209
	ACC Auto Trust 2021-A D, 6.1000%, 6/15/29 (144A)	3,700,000	3,520,476
	ACHV Trust 2023-1PL D, 8.4700%, 3/18/30 (144A)	2,750,000	2,740,259
	ACM Auto Trust 2022-1A C, 5.4800%, 4/20/29 (144A)	3,126,672	3,121,069
	ACM Auto Trust 2022-1A D, 8.5800%, 4/20/29 (144A)	9,430,000	9,316,697
	AGL CLO 1 Ltd 2021-10A D,
	CME Term SOFR 3 Month + 3.1616%, 8.4696%, 4/15/34 (144A)‡	8,000,000	7,720,192
	Alaska Airlines 2020-1 Class A Pass Through Trust, 4.8000%, 8/15/27 (144A)	6,282,356	6,023,894
	AMSR Trust 2023-SFR1 F, 4.0000%, 4/17/40 (144A)	5,000,000	3,945,264
	Apidos CLO 2013-15A A1RR,
	CME Term SOFR 3 Month + 1.2716%, 6.5978%, 4/20/31 (144A)‡	4,195,521	4,180,807
	Avis Budget Rental Car Funding AESOP LLC 2018-2A D, 3.0400%, 3/20/25 (144A)	13,000,000	12,796,746
	Avis Budget Rental Car Funding AESOP LLC 2019-2A D, 3.0400%, 9/22/25 (144A)	5,000,000	4,772,317
	Avis Budget Rental Car Funding AESOP LLC 2021-1A D, 3.7100%, 8/20/27 (144A)	6,000,000	5,172,257
	BAMLL Commercial Mortgage Securities Trust 2014-FRR4 CK29,
	0%, 1/27/24 (144A)	2,036,529	2,011,253
	Benefit Street Partners CLO Ltd 2016-10A CRR,
	CME Term SOFR 3 Month + 3.7616%, 9.0878%, 4/20/34 (144A)‡	6,750,000	6,661,845
	BlueMountain CLO XXVI Ltd 2019-25A D2R,
	CME Term SOFR 3 Month + 4.4116%, 9.4103%, 7/15/36 (144A)‡	6,250,000	5,962,369
	BlueMountain CLO XXVI Ltd 2021-28A A,
	CME Term SOFR 3 Month + 1.5216%, 6.8296%, 4/15/34 (144A)‡	5,000,000	4,948,720
	BPR Trust 2022-OANA D,
	CME Term SOFR 1 Month + 3.6950%, 9.0272%, 4/15/37 (144A)‡	10,000,000	9,798,247
	BPR Trust 2023-BRK2 A, 0%, 11/5/28 (144A)‡	13,809,000	13,808,301
	Business Jet Securities LLC 2020-1A B, 3.9670%, 11/15/35 (144A)	2,632,451	2,462,174
	Business Jet Securities LLC 2021-1A B, 2.9180%, 4/15/36 (144A)	1,655,421	1,470,183
	Business Jet Securities LLC 2021-1A C, 5.0670%, 4/15/36 (144A)	1,355,011	1,261,250
	Business Jet Securities LLC 2022-1A C, 6.4130%, 6/15/37 (144A)	3,459,503	3,159,910
	BX Commercial Mortgage Trust 2019-MMP F,
	CME Term SOFR 1 Month + 2.8361%, 8.1681%, 8/15/36 (144A)‡	13,930,290	13,378,663
	BX Commercial Mortgage Trust 2019-XL,
	CME Term SOFR 1 Month + 2.7645%, 8.0967%, 10/15/36 (144A)‡	19,698,750	19,261,833
	BX Commercial Mortgage Trust 2021-ARIA E,
	CME Term SOFR 1 Month + 2.3590%, 7.6910%, 10/15/36 (144A)‡	10,000,000	9,484,920
	BX Commercial Mortgage Trust 2021-ARIA F,
	CME Term SOFR 1 Month + 2.7080%, 8.0400%, 10/15/36 (144A)‡	10,000,000	9,411,752
	BX Commercial Mortgage Trust 2021-BXMF G,
	CME Term SOFR 1 Month + 3.4640%, 8.7960%, 10/15/26 (144A)‡	14,194,000	13,187,825
	BX Commercial Mortgage Trust 2021-SOAR G,
	CME Term SOFR 1 Month + 2.9145%, 8.2475%, 6/15/38 (144A)‡	6,591,675	6,261,644
	BX Commercial Mortgage Trust 2021-SOAR J,
	CME Term SOFR 1 Month + 3.8645%, 9.1975%, 6/15/38 (144A)‡	8,633,237	8,078,232
	BX Commercial Mortgage Trust 2021-VINO G,
	CME Term SOFR 1 Month + 4.0668%, 9.3988%, 5/15/38 (144A)‡	9,069,941	8,653,993
	BX Commercial Mortgage Trust 2021-VOLT F,
	CME Term SOFR 1 Month + 2.5145%, 7.8467%, 9/15/36 (144A)‡	8,440,000	7,989,856
	BX Commercial Mortgage Trust 2021-VOLT G,
	CME Term SOFR 1 Month + 2.9645%, 8.2967%, 9/15/36 (144A)‡	6,000,000	5,575,302
	BX Commercial Mortgage Trust 2022-FOX2 A2,
	CME Term SOFR 1 Month + 0.7492%, 6.0814%, 4/15/39 (144A)‡	9,059,498	8,762,965
	Carlyle Global Markets Strategies 2022-2A C,
	CME Term SOFR 3 Month + 3.5500%, 8.8761%, 4/20/35 (144A)‡	5,000,000	4,907,070
	CarMax Auto Owner Trust 2022-3 D, 6.2000%, 1/16/29	6,250,000	6,062,011
	Carvana Auto Receivables Trust 2019-2A XS, 0%, 4/15/26 (144A)‡,¤,¢	53,866,490	215,197
	Carvana Auto Receivables Trust 2019-4A XS, 0%, 10/15/26 (144A)‡,¤,¢	41,386,249	352,321
	Carvana Auto Receivables Trust 2021-N3 E, 3.1600%, 6/12/28 (144A)	12,890,000	11,305,029
	Carvana Auto Receivables Trust 2023-P4 N, 8.0500%, 10/10/30 (144A)	1,868,000	1,873,387
	Castlelake Aircraft Securitization Trust 2018-1, 6.6250%, 6/15/43 (144A)	3,830,196	1,071,236
	Cathedral Lake LTD 2018-5A C,
	CME Term SOFR 3 Month + 2.7116%, 8.0451%, 10/21/30 (144A)‡	2,000,000	1,982,278
	CBAM CLO Management 2020-13A A,
	CME Term SOFR 3 Month + 1.6916%, 6.6804%, 1/20/34 (144A)‡	6,000,000	5,963,808
	CBAM CLO Management 2021-14A A,
	CME Term SOFR 3 Month + 1.3616%, 6.6878%, 4/20/34 (144A)‡	15,000,000	14,841,090
	CENT Trust 2023-CITY A,
	CME Term SOFR 1 Month + 2.6200%, 7.9522%, 9/15/28 (144A)‡	6,529,000	6,543,717
	CF Hippolyta Issuer LLC 2022-1A A1, 5.9700%, 8/15/62 (144A)	23,189,260	22,428,961

Shares or Principal Amounts				Value
Asset-Backed/Commercial Mortgage-Backed Securities– (continued)
	CF Hippolyta Issuer LLC 2022-1A A2, 6.1100%, 8/15/62 (144A)	$21,702,067		$20,865,023
	CFIP CLO Ltd 2017-1A CR,
	CME Term SOFR 3 Month + 2.8616%, 8.1715%, 10/18/34 (144A)‡	7,700,000		7,420,975
	Chase Auto Credit Linked Note 2021-3 E, 2.1020%, 2/26/29 (144A)	721,290		691,625
	Chase Auto Credit Linked Notes 2021-1 E, 2.3650%, 9/25/28 (144A)	627,976		613,555
	Chase Auto Credit Linked Notes 2021-1 F, 4.2800%, 9/25/28 (144A)	3,337,000		3,091,977
	Chase Mortgage Finance Corp 2021-CL1 M4,
	US 30 Day Average SOFR + 2.6500%, 7.9650%, 2/25/50 (144A)‡	2,381,874		2,126,052
	Chase Mortgage Finance Corp 2021-CL1 M5,
	US 30 Day Average SOFR + 3.2500%, 8.5650%, 2/25/50 (144A)‡	952,867		834,053
	CIM Trust 2021-NR1 A1, 2.5690%, 7/25/55 (144A)Ç	3,710,750		3,601,344
	Citigroup Commercial Mortgage Trust 2018-C5, 0.8274%, 6/10/51‡,¤	32,524,193		864,868
	Citigroup Commercial Mortgage Trust 2021-PRM2 E,
	CME Term SOFR 1 Month + 2.5145%, 7.8475%, 10/15/38 (144A)‡	2,000,000		1,916,930
	Citigroup Commercial Mortgage Trust 2021-PRM2 F,
	CME Term SOFR 1 Month + 3.8645%, 9.1975%, 10/15/38 (144A)‡	6,000,000		5,701,510
	Citigroup Commercial Mortgage Trust 2021-PRM2 G,
	CME Term SOFR 1 Month + 4.6145%, 9.9475%, 10/15/38 (144A)‡	6,000,000		5,670,309
	Citigroup Commercial Mortgage Trust 2021-PRM2 J,
	CME Term SOFR 1 Month + 5.5145%, 10.8475%, 10/15/36 (144A)‡	6,000,000		5,654,236
	Coinstar Funding LLC 2017-1A A2, 5.2160%, 4/25/47 (144A)	12,642,188		10,623,830
	Cold Storage Trust 2020-ICE5 F,
	CME Term SOFR 1 Month + 3.6070%, 8.9392%, 11/15/37 (144A)‡	12,828,026		12,649,811
	Cologix Data Centers Issuer LLC 2022-1CAN A2, 4.9400%, 1/25/52 (144A)	5,000,000	CAD	3,308,556
	COLT Funding LLC 2021-3R B1, 3.5630%, 12/25/64 (144A)‡	2,547,000		1,564,865
	Commercial Mortgage Pass-through Certificate 2022-LPF2 E,
	CME Term SOFR 1 Month + 5.9400%, 11.2722%, 10/15/39 (144A)‡	1,500,000		1,488,378
	Commercial Mortgage Pass-through Certificates 2022-LPF2 D,
	CME Term SOFR 1 Month + 4.1920%, 9.5242%, 10/15/39 (144A)‡	5,000,000		4,936,309
	Connecticut Avenue Securities Trust 2017-C05 1M2C,
	US 30 Day Average SOFR + 2.3145%, 7.6294%, 1/25/30‡	11,211,032		11,315,327
	Connecticut Avenue Securities Trust 2018-R07 1B1,
	US 30 Day Average SOFR + 4.4645%, 9.7794%, 4/25/31 (144A)‡	4,000,000		4,240,010
	Connecticut Avenue Securities Trust 2019-R02,
	US 30 Day Average SOFR + 4.2645%, 9.5794%, 8/25/31 (144A)‡	26,053,727		27,369,398
	Connecticut Avenue Securities Trust 2019-R03 1B1,
	US 30 Day Average SOFR + 4.2145%, 9.5294%, 9/25/31 (144A)‡	15,690,995		16,372,704
	Connecticut Avenue Securities Trust 2019-R04 2B1,
	US 30 Day Average SOFR + 5.3645%, 10.6794%, 6/25/39 (144A)‡	4,746,071		4,992,896
	Connecticut Avenue Securities Trust 2019-R05,
	US 30 Day Average SOFR + 4.2145%, 9.5294%, 7/25/39 (144A)‡	7,556,852		7,772,692
	Connecticut Avenue Securities Trust 2021-R01 1B1,
	US 30 Day Average SOFR + 3.1000%, 8.4150%, 10/25/41 (144A)‡	5,000,000		5,001,941
	Connecticut Avenue Securities Trust 2021-R01 1M1,
	US 30 Day Average SOFR + 0.7500%, 6.0650%, 10/25/41 (144A)‡	341,588		340,561
	Connecticut Avenue Securities Trust 2021-R02 2B1,
	US 30 Day Average SOFR + 3.3000%, 8.6150%, 11/25/41 (144A)‡	7,600,000		7,545,583
	Connecticut Avenue Securities Trust 2021-R02 2M2,
	US 30 Day Average SOFR + 2.0000%, 7.3150%, 11/25/41 (144A)‡	16,305,770		15,932,683
	Connecticut Avenue Securities Trust 2022-R01 1B1,
	US 30 Day Average SOFR + 3.1500%, 8.4650%, 12/25/41 (144A)‡	13,477,000		13,434,704
	Connecticut Avenue Securities Trust 2022-R02 2B1,
	US 30 Day Average SOFR + 4.5000%, 9.8150%, 1/25/42 (144A)‡	17,053,000		17,436,340
	Connecticut Avenue Securities Trust 2022-R04 1M1,
	US 30 Day Average SOFR + 2.0000%, 7.3150%, 3/25/42 (144A)‡	9,423,265		9,487,185
	Connecticut Avenue Securities Trust 2023-R06 1M2,
	US 30 Day Average SOFR + 2.7000%, 8.0150%, 7/25/43 (144A)‡	8,123,000		8,159,783
	Credit Suisse Commercial Mortgage Trust 2019-ICE4 F,
	CME Term SOFR 1 Month + 2.6970%, 8.0300%, 5/15/36 (144A)‡	14,164,760		13,970,969
	Credit Suisse Commercial Mortgage Trust 2020-TMIC A,
	CME Term SOFR 1 Month + 3.6145%, 8.9475%, 12/15/35 (144A)‡	15,000,000		14,975,339
	Credit Suisse Commercial Mortgage Trust 2021-WEHO A,
	CME Term SOFR 1 Month + 4.0838%, 9.4168%, 4/15/26 (144A)‡	13,193,967		13,031,748
	CSAIL 2021-C20 XA, 1.1182%, 3/15/54‡,¤	58,538,663		2,962,711
	DBCCRE Mortgage Trust 2014-ARCP D, 5.0990%, 1/10/34 (144A)‡	1,000,000		974,535
	DBCCRE Mortgage Trust 2014-ARCP E, 5.0990%, 1/10/34 (144A)‡	2,848,000		2,760,795
	DBCCRE Mortgage Trust 2014-ARCP F, 5.0990%, 1/10/34 (144A)‡	11,442,000		11,005,979
	DBGS Mortgage Trust 2018-BIOD F,
	CME Term SOFR 1 Month + 2.2960%, 7.6280%, 5/15/35 (144A)‡	1,414,505		1,369,599
	DC Commercial Mortgage Trust 2023-DC D, 7.3785%, 9/12/40 (144A)‡	10,000,000		9,338,092
	Diamond Infrastructure Funding LLC 2021-1A B, 2.3550%, 4/15/49 (144A)	4,000,000		3,394,915
	Diamond Infrastructure Funding LLC 2021-1A C, 3.4750%, 4/15/49 (144A)	3,420,000		2,969,065
	Diamond Issuer LLC 2021-1A C, 3.7870%, 11/20/51 (144A)	5,000,000		3,986,530
	Diamond Resorts Owner Trust 2021-1A D, 3.8300%, 11/21/33 (144A)	451,109		407,993

2

Shares or Principal Amounts			Value
Asset-Backed/Commercial Mortgage-Backed Securities– (continued)
	DROP Mortgage Trust 2021-FILE D,
	CME Term SOFR 1 Month + 2.8645%, 8.1965%, 10/15/43 (144A)‡	$15,000,000	$10,961,012
	Dryden Senior Loan Fund 2020-83A D,
	CME Term SOFR 3 Month + 3.7616%, 9.0715%, 1/18/32 (144A)‡	6,000,000	5,853,834
	Dryden Senior Loan Fund 2023-105A D,
	CME Term SOFR 3 Month + 5.2000%, 10.0586%, 4/18/36 (144A)‡	6,000,000	6,023,850
	ECAF I Ltd, 5.8020%, 6/15/40 (144A)	3,163,638	806,728
	Elmwood CLO VIII Ltd 2021-1A A,
	CME Term SOFR 3 Month + 1.5016%, 6.8278%, 1/20/34 (144A)‡	5,000,000	4,990,040
	Elmwood CLO VIII Ltd 2021-1A D,
	CME Term SOFR 3 Month + 3.2616%, 8.5878%, 1/20/34 (144A)‡	3,000,000	2,941,695
	Exeter Automobile Receivables Trust 2020-2A E, 7.1900%, 9/15/27 (144A)	6,794,000	6,829,316
	Exeter Automobile Receivables Trust 2023-1A E, 12.0700%, 9/16/30 (144A)	3,000,000	3,157,142
	Extended Stay America Trust 2021-ESH E,
	CME Term SOFR 1 Month + 2.9645%, 8.2965%, 7/15/38 (144A)‡	5,028,079	4,952,947
	Extended Stay America Trust 2021-ESH F,
	CME Term SOFR 1 Month + 3.8145%, 9.1465%, 7/15/38 (144A)‡	9,371,808	9,116,770
	ExteNet Issuer LLC, 5.2190%, 7/25/49 (144A)	4,000,000	3,793,784
	Fannie Mae REMICS, US 30 Day Average SOFR + 53.7407%, 0%, 10/25/40‡	588,203	738,812
	Fannie Mae REMICS, 3.0000%, 5/25/48	14,113	12,073
	Fannie Mae REMICS, US 30 Day Average SOFR + 5.9355%, 0.6206%, 8/25/48‡,¤	6,502,073	519,614
	Flagship Credit Auto Trust 2022-4 E, 12.6600%, 1/15/30 (144A)	5,000,000	5,290,700
	Flagship Credit Auto Trust 2023-1 E, 11.4400%, 4/15/30 (144A)	8,000,000	8,448,298
	Flagship Credit Auto Trust 2023-3 E, 9.7400%, 6/17/30 (144A)	3,250,000	3,260,816
	Flagstar Mortgage Trust 2021-13IN A17, 3.0000%, 12/30/51 (144A)‡	15,231,959	11,635,881
	Flagstar Mortgage Trust 2021-13IN A2, 3.0000%, 12/30/51 (144A)‡	39,239,972	30,876,524
	Foundation Finance Trust 2023-2A D, 9.1000%, 6/15/49 (144A)	3,000,000	2,999,610
	Freddie Mac Multifamily Structured Credit Risk 2021-MN3 M2,
	US 30 Day Average SOFR + 4.0000%, 9.3150%, 11/25/51 (144A)‡	10,000,000	9,474,398
	Freddie Mac Structured Agency Credit Risk Debt Notes 2020-DNA3 B1,
	US 30 Day Average SOFR + 5.2145%, 10.5294%, 6/25/50 (144A)‡	5,020,862	5,434,779
	Freddie Mac Structured Agency Credit Risk Debt Notes 2020-HQA4 B1,
	US 30 Day Average SOFR + 5.3645%, 10.6794%, 9/25/50 (144A)‡	8,147,904	8,706,494
	Freddie Mac Structured Agency Credit Risk Debt Notes 2020-HQA5 B1,
	US 30 Day Average SOFR + 4.0000%, 9.3150%, 11/25/50 (144A)‡	5,551,430	5,869,603
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA1 B1,
	US 30 Day Average SOFR + 2.6500%, 7.9650%, 1/25/51 (144A)‡	7,550,000	7,340,400
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA2 B2,
	US 30 Day Average SOFR + 6.0000%, 11.3150%, 8/25/33 (144A)‡	12,308,000	12,707,770
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA2 M2,
	US 30 Day Average SOFR + 2.3000%, 7.6150%, 8/25/33 (144A)‡	1,364,348	1,375,382
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA3 B2,
	US 30 Day Average SOFR + 6.2500%, 11.5650%, 10/25/33 (144A)‡	20,836,000	22,033,071
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA5 B1,
	US 30 Day Average SOFR + 3.0500%, 8.3650%, 1/25/34 (144A)‡	6,624,000	6,649,290
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA6 M2,
	US 30 Day Average SOFR + 1.5000%, 6.8150%, 10/25/41 (144A)‡	1,000,000	985,933
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 B1,
	US 30 Day Average SOFR + 3.6500%, 8.9376%, 11/25/41 (144A)‡	4,632,546	4,685,738
	Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA3 M2,
	US 30 Day Average SOFR + 2.1000%, 7.4150%, 9/25/41 (144A)‡	17,015,000	16,519,651
	Freddiemac Strip 375 C1, 2.5000%, 1/25/51¤	169,619,383	25,436,072
	FREMF Mortgage Trust 2018-KF45,
	US 30 Day Average SOFR + 2.0645%, 7.3758%, 3/25/25 (144A)‡	297,961	285,877
	FREMF Mortgage Trust 2018-KL2P BPZ,
	US 30 Day Average SOFR + 2.6145%, 7.9258%, 1/25/28 (144A)‡	5,597,272	5,554,052
	FREMF Mortgage Trust 2018-KSW4 C,
	US 30 Day Average SOFR + 5.1145%, 10.4258%, 10/25/28‡	4,928,012	4,765,008
	FREMF Mortgage Trust 2019-KF70 C,
	US 30 Day Average SOFR + 6.1145%, 11.4258%, 9/25/29 (144A)‡	16,236,667	15,835,803
	FREMF Mortgage Trust 2019-KF72,
	US 30 Day Average SOFR + 2.2145%, 7.5258%, 11/25/26 (144A)‡	2,679,587	2,591,273
	FREMF Mortgage Trust 2021-KF98 CS,
	US 30 Day Average SOFR + 8.5000%, 13.8114%, 12/25/30 (144A)‡	4,799,260	4,753,696
	Gam Resecuritization Trust 2021-FRR2 BK74, 0%, 9/27/51 (144A)◊	11,000,000	7,420,973
	Gam Resecuritization Trust 2021-FRR2 CK74, 0%, 9/27/51 (144A)◊	18,068,494	11,638,546
	GCAT 2022-INV1 A26, 3.0000%, 12/25/51 (144A)‡	16,495,998	12,687,246
	Government National Mortgage Association,
	CME Term SOFR 1 Month + 5.4355%, 0.1107%, 1/20/44‡,¤	337,619	20,560
	Government National Mortgage Association,
	CME Term SOFR 1 Month + 6.0355%, 0.7050%, 10/16/55‡,¤	480,559	27,805
	Government National Mortgage Association, 0.2627%, 1/16/60‡,¤	10,317,679	256,744
	Gracie Point International Funding 2023-1A B,
	US 90 Day Average SOFR + 2.6000%, 0%, 9/1/26 (144A)‡	3,000,000	2,999,904

3

Shares or Principal Amounts			Value
Asset-Backed/Commercial Mortgage-Backed Securities– (continued)
	Gracie Point International Funding 2023-1A C,
	US 90 Day Average SOFR + 3.1000%, 0%, 9/1/26 (144A)‡	$3,000,000	$2,999,892
	Great Wolf Trust,
	CME Term SOFR 1 Month + 2.8465%, 8.1785%, 12/15/36 (144A)‡	19,500,000	19,209,582
	Great Wolf Trust,
	CME Term SOFR 1 Month + 3.2455%, 8.5775%, 12/15/36 (144A)‡	3,899,000	3,832,679
	GS Mortgage Securities Trust 2017-SLP G, 4.7443%, 10/10/32 (144A)‡	8,331,000	7,319,680
	Hertz Vehicle Financing LLC 2021-1A D, 3.9800%, 12/26/25 (144A)	15,000,000	14,207,817
	HGI CRE CLO Ltd 2021-FL1 D,
	CME Term SOFR 1 Month + 2.4645%, 7.7951%, 6/16/36 (144A)‡	5,000,000	4,615,622
	Hilton Grand Vacations Trust 2022-1D D, 6.7900%, 6/20/34 (144A)	1,826,111	1,730,725
	Home Partners of America Trust 2021-2 F, 3.7990%, 12/17/26 (144A)	19,253,003	16,451,395
	Home Partners of America Trust 2021-3 F, 4.2420%, 1/17/41 (144A)	4,603,072	3,663,113
	Hotwire Funding LLC 2021-1 C, 4.4590%, 11/20/51 (144A)	3,000,000	2,496,823
	Hudson Bay Simon JV Trust 2015-HB7 A7, 3.9141%, 8/5/34 (144A)	7,500,000	6,665,773
	Hudsons Bay Simon JV Trust 2015-HB7 B7, 4.6662%, 8/5/34 (144A)	3,000,000	2,426,686
	JP Morgan Chase Commercial Mortgage Sec Trust 2020-ACE A,
	3.2865%, 1/10/37 (144A)	10,000,000	9,399,519
	JP Morgan Chase Commercial Mortgage Sec Trust 2022-NLP D,
	CME Term SOFR 1 Month + 2.1664%, 7.4986%, 4/15/37 (144A)‡	18,842,196	16,879,463
	Kayne CLO 10 Ltd 2021-10A A,
	CME Term SOFR 3 Month + 1.4316%, 6.7772%, 4/23/34 (144A)‡	22,500,000	22,328,437
	LCM LP XIV, CME Term SOFR 3 Month + 1.3016%, 6.6278%, 7/20/31 (144A)‡	4,640,000	4,605,126
	Lendbuzz Securitization Trust 2021-1A A, 4.2200%, 5/17/27 (144A)‡	2,485,645	2,410,184
	Lendbuzz Securitization Trust 2021-1A A, 5.9900%, 12/15/28 (144A)‡	5,594,000	5,420,470
	Lendbuzz Securitization Trust 2023-2A B, 8.6900%, 6/15/29 (144A)	9,826,000	10,165,473
	LFS LLC 2022-A B, 8.0000%, 5/15/34 (144A)	4,000,000	3,713,606
	Life Financial Services Trust 2021-BMR E,
	CME Term SOFR 1 Month + 1.8645%, 7.1965%, 3/15/38 (144A)‡	17,693,463	17,022,280
	Life Financial Services Trust 2022-BMR2 D,
	CME Term SOFR 1 Month + 2.5419%, 7.8741%, 5/15/39 (144A)‡	10,000,000	9,492,410
	LoanMe Trust SBL 2019-1, 10.0000%, 8/15/30 (144A)Ç	4,935,973	4,337,184
	Longfellow Place CLO Ltd 2013-1A DRR,
	CME Term SOFR 3 Month + 4.7616%, 10.0696%, 4/15/29 (144A)‡	3,000,000	2,979,153
	LUXE Commercial Mortgage Trust 2021-TRIP F,
	CME Term SOFR 1 Month + 3.3645%, 8.7045%, 10/15/38 (144A)‡	8,000,000	7,769,966
	Luxury Lease Partners Auto Trust 2021-ARC2 A, 3.0000%, 7/15/27 (144A)	442,155	437,669
	Madison Park Funding Ltd 2016-22A DR,
	CME Term SOFR 3 Month + 3.7616%, 9.0696%, 1/15/33 (144A)‡	8,500,000	8,375,449
	Madison Park Funding Ltd 2018-32A A1R,
	CME Term SOFR 3 Month + 1.2616%, 6.6072%, 1/22/31 (144A)‡	10,000,000	9,966,990
	Madison Park Funding Ltd 2018-32A DR,
	CME Term SOFR 3 Month + 3.4616%, 8.8072%, 1/22/31 (144A)‡	7,000,000	6,891,038
	Marlette Funding Trust 2023-3A D, 8.0400%, 9/15/33 (144A)	9,571,000	9,503,791
	MED Trust 2021-MDLN F,
	CME Term SOFR 1 Month + 4.1145%, 9.4465%, 11/15/38 (144A)‡	7,696,065	7,304,319
	MED Trust 2021-MDLN G,
	CME Term SOFR 1 Month + 5.3645%, 10.6965%, 11/15/38 (144A)‡	14,928,355	14,067,232
	Mello Mortgage Capital Acceptance Trust 2021-INV4 A3,
	2.5000%, 12/25/51 (144A)‡	3,418,429	2,580,221
	Mercury Financial Credit Card Master Trust 2023-1A A,
	8.0400%, 9/20/27 (144A)	8,000,000	8,048,967
	MHC Commercial Mortgage Trust 2021-MHC G,
	CME Term SOFR 1 Month + 3.3154%, 8.6474%, 4/15/38 (144A)‡	9,796,854	9,468,978
	Mission Lane Credit Card Master Trust 2023-A B, 8.1500%, 7/17/28 (144A)	3,000,000	2,955,322
	Mission Lane Credit Card Master Trust 2023-A C, 10.0300%, 7/17/28 (144A)	3,250,000	3,235,000
	Mission Lane Credit Card Master Trust 2023-B C, 10.4400%, 11/15/28 (144A)	4,750,000	4,749,531
	Mission Lane Credit Card Master Trust 2023-B D, 12.4300%, 11/15/28 (144A)	11,976,000	11,975,869
	MKT Mortgage Trust 2020-525M F, 3.0386%, 2/12/40 (144A)‡	11,900,000	3,460,151
	Multifamily Connecticut Avenue Securities Trust 2019-01,
	US 30 Day Average SOFR + 3.3645%, 8.6794%, 10/25/49 (144A)‡	26,890,776	26,251,036
	Multifamily Connecticut Avenue Securities Trust 2020-01,
	US 30 Day Average SOFR + 3.8645%, 9.1794%, 3/25/50 (144A)‡	15,412,201	15,064,619
	Multifamily Connecticut Avenue Securities Trust 2020-01 CE,
	US 30 Day Average SOFR + 7.6145%, 12.9294%, 3/25/50 (144A)‡	2,000,000	1,989,694
	MVW Owner Trust 2021-1WA D, 3.1700%, 1/22/41 (144A)	1,628,125	1,452,205
	Nassau Ltd 2019-IA BR,
	CME Term SOFR 3 Month + 2.8616%, 8.1696%, 4/15/31 (144A)‡	8,500,000	8,228,144
	NBC Funding LLC 2021-1 B, 4.9700%, 7/30/51 (144A)	3,000,000	2,497,529
	NCMF Trust 2022-MFP F,
	CME Term SOFR 1 Month + 4.4310%, 9.7632%, 3/15/39 (144A)‡	5,000,000	4,796,093
	New Residential Mortgage Loan Trust 2022-SFR1 F, 4.4430%, 2/17/39 (144A)	10,500,000	8,878,679
	NW Re-Remic Trust 2021-FRR1 BK88, 2.6594%, 12/18/51 (144A)‡	20,000,000	15,124,714
	Oak Hill Credit Partners 2012-7A AR3,
	CME Term SOFR 3 Month + 1.3316%, 6.7114%, 2/20/34 (144A)‡	5,000,000	4,958,040

4

Shares or Principal Amounts				Value
Asset-Backed/Commercial Mortgage-Backed Securities– (continued)
	Oak Street Investment Grade Net Lease Fund 2020-1A B1,
	5.1100%, 11/20/50 (144A)	$4,499,000		$3,738,764
	Oak Street Investment Grade Net Lease Fund 2021-1A B1,
	4.2300%, 1/20/51 (144A)	6,250,000		5,326,283
	Oasis Securitization 2021-2A A, 2.1430%, 10/15/33 (144A)	1,897,100		1,890,531
	Oasis Securitization 2021-2A B, 5.1470%, 10/15/33 (144A)	1,898,218		1,892,499
	Oasis Securitization 2022-2A B, 8.8500%, 10/15/34 (144A)	5,610,487		5,554,390
	Oasis Securitization 2023-1A B, 10.2500%, 2/15/35 (144A)	5,121,020		5,121,020
	OCP CLO Ltd, CME Term SOFR 3 Month + 3.2616%, 8.6072%, 4/24/29 (144A)‡	6,000,000		5,944,428
	Octagon 61 Ltd 2023-2A D,
	CME Term SOFR 3 Month + 5.5000%, 10.5688%, 4/20/36 (144A)‡	7,100,000		7,144,247
	Octagon Investment Partners 42 Ltd 2019-3A AR,
	CME Term SOFR 3 Month + 1.4016%, 6.7096%, 7/15/34 (144A)‡	10,000,000		9,911,440
	Octagon Investment Partners 58 Ltd 2022-1A D,
	CME Term SOFR 3 Month + 3.5500%, 8.8580%, 7/15/37 (144A)‡	7,750,000		7,594,163
	Ondeck Asset Securitization Trust LLC 2021-1A C, 2.9700%, 5/17/27 (144A)	3,000,000		2,842,228
	Ondeck Asset Securitization Trust LLC 2023-1A B, 8.2500%, 8/19/30 (144A)	6,250,000		6,183,779
	Onslow Bay Financial LLC 2021-INV3 A3, 2.5000%, 10/25/51 (144A)‡	5,105,062		3,874,617
	Pagaya AI Debt Selection Trust 2021-1 B, 2.1300%, 11/15/27 (144A)	7,398,886		7,314,386
	Pagaya AI Debt Selection Trust 2021-1 CERT, 0%, 11/15/27 (144A)‡,¤	1,846,154		41,538
	Pagaya AI Debt Selection Trust 2022-1 C, 4.8880%, 10/15/29 (144A)	3,679,513		3,081,212
	Palmer Square European Loan Funding 2023-1A D,
	EURIBOR 3 Month + 5.7500%, 8.8770%, 11/15/32 (144A)‡	6,941,000	EUR	7,338,538
	Pawnee Equipment Receivables 2022-1 D, 7.2300%, 7/17/28 (144A)	5,000,000		4,849,898
	Pawnee Equipment Receivables 2022-1 E, 9.5000%, 9/17/29 (144A)	5,379,000		5,211,395
	Pawnee Equipment Receivables Series 2020-1 LLC, 5.4300%, 7/15/27 (144A)	6,165,000		6,060,212
	Perimeter Master Note Business Trust, 5.2100%, 5/15/24 (144A)	2,250,000		2,219,819
	Point Securitization Trust 2021-1 A1, 3.2282%, 2/25/52 (144A)‡	5,015,945		4,457,751
	Prestige Auto Receivables Trust 2023-1A E, 9.8800%, 5/15/30 (144A)	6,000,000		6,028,589
	Preston Ridge Partners Mortgage Trust 2021-10 A1, 2.4870%, 10/25/26 (144A)Ç	8,229,714		7,671,249
	Preston Ridge Partners Mortgage Trust 2021-9 A1, 2.3630%, 10/25/26 (144A)Ç	9,965,992		9,323,655
	Preston Ridge Partners Mortgage Trust 2022-2 A1, 5.0000%, 3/25/27 (144A)Ç	7,007,256		6,794,169
	Pretium Mortgage Credit Partners LLC 2021-RN4 A1, 2.4871%, 10/25/51 (144A)‡	15,623,770		13,849,516
	PRIMA Capital Ltd, 4.2500%, 12/25/50 (144A)	10,500,000		8,657,258
	PRIMA Capital Ltd 2021-9A C,
	CME Term SOFR 1 Month + 2.4645%, 7.7893%, 12/15/37 (144A)‡	15,000,000		14,258,176
	Progress Residential Trust 2021-SFR11 F, 4.4200%, 1/17/39 (144A)	4,885,000		3,985,341
	Progress Residential Trust 2022-SFR1 F, 4.8800%, 2/17/41 (144A)	9,000,000		7,408,638
	Progress Residential Trust 2022-SFR3 F, 6.6000%, 4/17/39 (144A)	2,500,000		2,312,743
	Project Silver, 6.9000%, 7/15/44 (144A)‡	898,315		167,949
	Rad CLO Ltd 2023-18A D,
	CME Term SOFR 3 Month + 5.2500%, 10.5580%, 4/15/36 (144A)‡	6,588,000		6,639,288
	Rad CLO Ltd 2023-19A D,
	CME Term SOFR 3 Month + 5.7500%, 10.8450%, 4/20/35 (144A)‡	7,000,000		7,007,707
	Raptor Aircraft Finance I LLC, 4.2130%, 8/23/44 (144A)	9,830,252		7,864,398
	Reach Financial LLC 2022-2A D, 9.0000%, 5/15/30 (144A)	8,000,000		7,727,314
	ReadyCap Lending 2023-3 A,
	Prime Rate by Country United States + 0.0700%, 8.5700%, 4/25/48 (144A)‡	9,724,357		9,749,245
	Rockford Tower CLO Ltd 2020-1A D,
	CME Term SOFR 3 Month + 4.0116%, 9.3378%, 1/20/32 (144A)‡	3,000,000		2,968,698
	Saluda Grade Alternative Mortgage Trust 2023-FIG3 C, 8.9480%, 8/25/53‡	3,000,000		2,999,911
	Sand Trust 2021-1A D,
	CME Term SOFR 3 Month + 3.8116%, 9.1196%, 10/15/34 (144A)‡	8,000,000		7,661,864
	Santander Bank Auto Credit-Linked Notes 2022-B E, 8.6810%, 8/16/32 (144A)	2,583,073		2,544,795
	Santander Bank Auto Credit-Linked Notes 2022-C E, 11.3660%, 12/15/32 (144A)	2,865,939		2,887,459
	Santander Bank Auto Credit-Linked Notes 2023-A E, 10.0680%, 6/15/33 (144A)	835,361		832,344
	Santander Consumer Auto Receivables Trust 2020-BA, 4.1300%, 1/15/27 (144A)	1,500,000		1,442,472
	Santander Consumer Auto Receivables Trust 2021-AA E,
	3.2800%, 3/15/27 (144A)	1,750,000		1,612,843
	SB Multifamily Repack Trust 2020-FRR2 A2, 6.7428%, 12/27/39 (144A)‡	17,728,841		16,855,509
	SEB Funding LLC 2021-1A A2, 4.9690%, 1/30/52 (144A)	13,712,633		12,183,905
	Sierra Receivables Funding Co LLC 2020-2A D, 6.5900%, 7/20/37 (144A)	1,612,476		1,564,371
	Sierra Receivables Funding Co LLC 2021-1A D, 3.1700%, 11/20/37 (144A)	3,399,940		3,158,585
	Sierra Receivables Funding Co LLC 2022-3A C, 7.6300%, 7/20/39 (144A)	1,414,925		1,422,387
	Sierra Receivables Funding Co LLC 2023-1A C, 7.0000%, 1/20/40 (144A)	1,873,257		1,854,752
	Sierra Timeshare 2019-1 Receivables Funding LLC, 4.7500%, 1/20/36 (144A)	927,505		903,511
	Sierra Timeshare 2019-2 Receivables Funding LLC, 4.5400%, 5/20/36 (144A)	1,618,666		1,513,843
	Signal Peak CLO LLC 2022-12A A1, 7.1207%, 7/10/28‡	6,723,000		6,671,122
	SMRT 2022-MINI E, CME Term SOFR 1 Month + 2.7000%, 8.0330%, 1/15/39 (144A)‡	7,000,000		6,610,006
	Sprite Limited 2021-1 B, 5.1000%, 11/15/46 (144A)	4,663,925		3,854,588
	Sprite Limited 2021-1 C, 8.8350%, 11/15/46 (144A)	6,561,779		5,507,273
	Steele Creek CLO Ltd 2019-2A CR,
	CME Term SOFR 3 Month + 2.9116%, 8.2196%, 7/15/32 (144A)‡	4,000,000		3,894,604
	Summit Issuer LLC 2020-1A B, 3.1790%, 12/20/50 (144A)	2,500,000		2,191,583

5

Shares or Principal Amounts				Value
Asset-Backed/Commercial Mortgage-Backed Securities– (continued)
	Tesla Auto Lease Trust 2021-A E, 2.6400%, 3/20/25 (144A)	$14,850,000		$14,599,908
	Theorem Funding Trust 2022-3A A, 7.6000%, 4/15/29 (144A)	5,785,130		5,784,442
	Thrust Engine Leasing 2021-1A A, 4.1630%, 7/15/40 (144A)	8,979,524		7,704,072
	Thunderbolt Aircraft Lease Ltd 2017-A B, 5.7500%, 5/17/32 (144A)Ç	2,176,692		1,523,754
	Tricolor Auto Securitization Trust 2022-1A E, 7.7900%, 8/16/27 (144A)	10,870,000		10,790,299
	Tricolor Auto Securitization Trust 2023-1A D, 8.5600%, 7/15/27 (144A)	5,750,000		5,851,916
	TVEST LLC 2021-A B, 0%, 9/15/33 (144A)	6,550,000		5,211,639
	Upstart Securitization Trust 2019-2 C, 4.7830%, 9/20/29 (144A)	1,004,864		1,002,074
	Upstart Securitization Trust 2019-3 C, 5.3810%, 1/21/30 (144A)	3,977,399		3,972,670
	Upstart Securitization Trust 2020-3 C, 6.2500%, 11/20/30 (144A)	15,121,527		14,953,107
	Upstart Securitization Trust 2021-1 B, 1.8900%, 3/20/31 (144A)	300,941		300,153
	Upstart Securitization Trust 2021-1 C, 4.0600%, 3/20/31 (144A)	10,250,000		9,967,682
	Upstart Securitization Trust 2023-1 B, 8.3500%, 2/20/33 (144A)	6,235,000		6,295,343
	VASA Trust 2021-VASA D,
	CME Term SOFR 1 Month + 2.2145%, 7.5475%, 7/15/39 (144A)‡	7,000,000		4,680,903
	VASA Trust 2021-VASA F,
	CME Term SOFR 1 Month + 4.0145%, 9.3475%, 7/15/39 (144A)‡	5,500,000		2,866,359
	VB-S1 Issuer LLC 2020-2A B, 3.2290%, 9/15/50 (144A)	5,750,000		5,284,276
	VB-S1 Issuer LLC 2020-2A C, 4.4590%, 9/15/50 (144A)	12,000,000		11,018,022
	Venture CDO Ltd 2013-15A CR3,
	CME Term SOFR 3 Month + 2.9116%, 8.2196%, 7/15/32 (144A)‡	5,000,000		4,782,230
	Venture CDO Ltd 2017-28AA CR,
	CME Term SOFR 3 Month + 2.6616%, 7.9878%, 10/20/34 (144A)‡	3,174,000		3,042,488
	Wellfleet CLO Ltd 2020-1A B,
	CME Term SOFR 3 Month + 2.8116%, 8.1196%, 4/15/33 (144A)‡	3,750,000		3,648,709
	Wells Fargo Commercial Mortgage Trust 2021-C61 XA, 1.4918%, 11/15/54‡,¤	80,983,491		5,302,611
	Westgate Resorts 2022-1A D, 3.8380%, 8/20/36 (144A)	2,231,788		2,084,726
	Westlake Automobile Receivable Trust 2020-3A F, 5.1100%, 5/17/27 (144A)	7,000,000		6,833,372
	Westlake Automobile Receivable Trust 2021-3A E, 3.4200%, 4/15/27 (144A)	5,000,000		4,690,635
	Willis Engine Securitization Trust 2020-A B, 4.2120%, 3/15/45 (144A)	5,491,520		4,311,008
	Willis Engine Securitization Trust 2020-A C, 6.6570%, 3/15/45 (144A)	1,350,105		940,024
	Woodward Capital Management 2017-280P B,
	CME Term SOFR 1 Month + 1.1300%, 6.7100%, 9/15/34 (144A)‡	5,400,000		5,067,626
	Worldwide Plaza Trust 2017-WWP F, 3.7154%, 11/10/36 (144A)‡	4,305,008		829,871
	Z Capital Credit Partners CLO 2018-1 Ltd,
	ICE LIBOR USD 3 Month + 2.4500%, 8.0196%, 1/16/31 (144A)‡	1,250,000		1,239,905
	Z Capital Credit Partners CLO 2018-1A A2 Ltd,
	ICE LIBOR USD 3 Month + 1.5600%, 7.1296%, 1/16/31 (144A)‡	2,505,666		2,501,935
Total Asset-Backed/Commercial Mortgage-Backed Securities (cost $1,924,669,836)				1,822,478,653
Bank Loans and Mezzanine Loans– 6.1%
Basic Industry – 0.4%
	Aruba Investments Holdings LLC,
	CME Term SOFR 1 Month + 7.7500%, 13.1661%, 11/24/28‡	5,786,000		5,380,980
	Herens US Holdco Corp, CME Term SOFR 3 Month + 3.9250%, 9.4151%, 7/3/28‡	7,520,904		6,645,020
				12,026,000
Brokerage – 0.6%
	Advisor Group Holdings Inc,
	CME Term SOFR 1 Month + 4.5000%, 9.8161%, 8/17/28‡	5,598,756		5,590,022
	Aretec Group Inc, CME Term SOFR 1 Month + 4.6000%, 9.9161%, 8/9/30‡	3,927,000		3,892,639
	Citadel Securities LP, CME Term SOFR 1 Month + 2.5000%, 7.9306%, 7/29/30‡	7,255,834		7,233,195
				16,715,856
Capital Goods – 0.8%
	Arcline FM Holdings LLC,
	CME Term SOFR 3 Month + 8.2500%, 13.9017%, 6/25/29‡	8,009,010		7,688,650
	Covanta Holding Corp, CME Term SOFR 1 Month + 3.0000%, 8.1476%, 11/30/28‡	130,730		130,240
	Covanta Holding Corp, CME Term SOFR 1 Month + 3.0000%, 8.3336%, 11/30/28‡	1,662,981		1,656,745
	Proampac PG Borrower LLC,
	CME Term SOFR 1 Month + 4.5000%, 9.8322%, 11/3/28ƒ,‡	7,513,164		7,464,328
	Standard Industries Inc, CME Term SOFR 1 Month + 2.5000%, 7.9379%, 9/22/28‡	7,819,690		7,813,669
	Summit Materials LLC, CME Term SOFR 6 Month + 3.0000%, 8.5712%, 12/14/27‡	707,445		708,916
				25,462,548
Commercial Services – 0.1%
	Lernen Bidco Ltd, EURIBOR 3 Month + 4.7500%, 8.5500%, 4/25/29ƒ,‡	2,860,000	EUR	3,009,140
Communications – 0.2%
	Century DE Buyer LLC, CME Term SOFR 1 Month + 4.2500%, 9.3248%, 9/27/30ƒ,‡	798,000		792,015
	Directv Financing LLC, CME Term SOFR 1 Month + 5.0000%, 10.4306%, 8/2/27‡	5,559,454		5,426,639
				6,218,654
Consumer Cyclical – 2.0%
	Arches Buyer Inc, CME Term SOFR 1 Month + 3.2500%, 8.6661%, 12/6/27ƒ,‡	7,415,232		7,248,390
	Driven Holdings LLC, CME Term SOFR 1 Month + 3.0000%, 8.4342%, 12/17/28‡	4,556,308		4,476,572
	Entain Holdings (Gibraltar) Ltd,
	EURIBOR 3 Month + 3.7500%, 7.3480%, 6/30/28‡	4,770,000	EUR	5,032,961
	Entain Holdings (Gibraltar) Ltd,
	CME Term SOFR 3 Month + 3.5000%, 8.9901%, 10/31/29‡	1,795,482		1,791,748

6

Shares or Principal Amounts				Value
Bank Loans and Mezzanine Loans– (continued)
Consumer Cyclical– (continued)
	Flutter Financing BV, CME Term SOFR 3 Month + 3.2500%, 8.9017%, 7/22/28‡	$8,648,162		$8,652,486
	Loire Finco Luxembourg, EURIBOR 12 Month + 2.7500%, 7.1080%, 4/21/27‡	2,660,000	EUR	2,748,997
	LSF9 Atlantis Holdings LLC,
	CME Term SOFR 3 Month + 7.2500%, 12.6401%, 3/31/29‡	4,056,750		3,880,525
	Mic Glen LLC, CME Term SOFR 1 Month + 6.7500%, 12.1661%, 7/20/29‡	7,907,942		7,453,236
	Sovos Brands Intermediate Inc,
	CME Term SOFR 3 Month + 3.5000%, 9.1307%, 6/8/28‡	3,495,764		3,491,953
	Stars Group Holdings BV, CME Term SOFR 3 Month + 2.2500%, 7.9017%, 7/21/26‡	5,320,865		5,313,682
	Tacala Investment Corp, CME Term SOFR 1 Month + 8.0000%, 12.9455%, 2/4/28‡	5,683,991		5,465,157
	Wyndham Worldwide Corp, CME Term SOFR 3 Month + 4.0000%, 9.4322%, 12/14/29‡	4,466,250		4,465,133
				60,020,840
Consumer Non-Cyclical – 0.7%
	Eyecare Partners LLC, CME Term SOFR 1 Month + 6.7500%, 12.1806%, 11/15/29‡	7,500,000		3,907,500
	Journey Personal Care Corp,
	CME Term SOFR 3 Month + 4.2500%, 9.9810%, 3/1/28‡	3,359,525		3,157,953
	Mamba Purchaser Inc, CME Term SOFR 1 Month + 6.5000%, 11.9306%, 10/15/29‡	4,000,000		3,880,000
	Perrigo Investments LLC, CME Term SOFR 1 Month + 2.2500%, 7.6661%, 4/20/29‡	4,937,500		4,914,343
	Surgery Center Holdings Inc,
	CME Term SOFR 1 Month + 3.7500%, 9.1886%, 8/31/26‡	2,380,784		2,381,712
	Topgolf Callaway Brands Corp,
	CME Term SOFR 1 Month + 3.5000%, 8.9161%, 3/15/30‡	2,762,956		2,745,107
				20,986,615
Diversified Financial Services – 0.4%
	Delta 2 Lux Sarl, CME Term SOFR 1 Month + 3.0000%, 8.3161%, 1/15/30‡	6,300,000		6,293,700
	Luxembourg Investment Co 428 Sarl,
	CME Term SOFR 3 Month + 5.0000%, 10.3919%, 1/3/29‡	7,944,280		5,751,659
				12,045,359
Insurance – 0.1%
	USI Inc/NY, CME Term SOFR 1 Month + 3.2500%, 8.5783%, 9/14/30ƒ,‡	926,653		923,947
	USI Inc/NY, CME Term SOFR 1 Month + 3.2500%, 8.5783%, 9/14/30ƒ,‡	926,653		923,567
				1,847,514
Technology – 0.5%
	Claudius Finance Sarl, EURIBOR 3 Month + 3.7500%, 7.6280%, 7/10/28ƒ,‡	3,250,000	EUR	3,421,848
	Magenta Buyer LLC, CME Term SOFR 1 Month + 8.2500%, 13.8807%, 7/27/29‡	8,900,000		4,094,000
	Mitchell International Inc,
	CME Term SOFR 1 Month + 3.7500%, 9.1806%, 10/15/28‡	7,722,400		7,585,018
	Tempo Acquisition LLC, CME Term SOFR 1 Month + 3.0000%, 8.3248%, 8/31/28‡	900,000		900,000
				16,000,866
Transportation – 0.3%
	First Student Bidco Inc, CME Term SOFR 3 Month + 3.0000%, 8.1431%, 7/21/28‡	2,696,078		2,624,471
	First Student Bidco Inc, CME Term SOFR 3 Month + 3.0000%, 8.1431%, 7/21/28‡	7,192,822		7,001,780
				9,626,251
Total Bank Loans and Mezzanine Loans (cost $196,810,534)				183,959,643
Corporate Bonds– 26.3%
Banking – 3.0%
	American Express Co,
	US Treasury Yield Curve Rate 5 Year + 2.8540%, 3.5500%‡,µ	2,697,000		2,141,388
	Bank of New York Mellon Corp/The, SOFR + 1.6060%, 4.9670%, 4/26/34‡	7,500,000		6,915,667
	Bank of Montreal,
	US Treasury Yield Curve Rate 5 Year + 1.4000%, 3.0880%, 1/10/37‡	5,537,000		4,126,008
	Barclays PLC, SOFR + 2.6200%, 6.6920%, 9/13/34‡	7,592,000		7,411,926
	BNP Paribas SA,
	US Treasury Yield Curve Rate 1 Year + 1.4500%, 5.1250%, 1/13/29 (144A)‡	6,932,000		6,692,707
	BNP Paribas SA,
	US Treasury Yield Curve Rate 5 Year + 4.9690%, 9.2500% (144A)‡,µ	4,267,000		4,365,482
	Citigroup Inc, US Treasury Yield Curve Rate 5 Year + 3.5970%, 4.0000%‡,µ	5,000,000		4,373,756
	Citigroup Inc, US Treasury Yield Curve Rate 5 Year + 3.4170%, 3.8750%‡,µ	5,310,000		4,531,249
	Commonwealth Bank of Australia, 3.7840%, 3/14/32 (144A)	7,269,000		5,881,322
	Credit Suisse Group AG, SOFR + 3.7300%, 4.1940%, 4/1/31 (144A)‡	3,186,000		2,782,157
	ING Groep NV, SOFR + 2.0900%, 6.1140%, 9/11/34‡	4,357,000		4,231,132
	JPMorgan Chase & Co, SOFR + 1.0150%, 2.0690%, 6/1/29‡	4,309,000		3,630,796
	JPMorgan Chase & Co, CME Term SOFR 3 Month + 3.3800%, 5.0000%‡,µ	2,163,000		2,090,690
	JPMorgan Chase & Co,
	US Treasury Yield Curve Rate 5 Year + 2.8500%, 3.6500%‡,µ	2,501,000		2,182,967
	Morgan Stanley, CME Term SOFR 3 Month + 1.8896%, 4.4310%, 1/23/30‡	2,117,000		1,958,531
	Morgan Stanley, SOFR + 3.1200%, 3.6220%, 4/1/31‡	3,996,000		3,442,449
	Morgan Stanley,
	US Treasury Yield Curve Rate 5 Year + 2.4300%, 5.9480%, 1/19/38‡	1,574,000		1,471,180
	Royal Bank of Canada, 5.0000%, 5/2/33	7,460,000		6,930,891
	Sumitomo Mitsui Financial Group Inc, 5.8520%, 7/13/30	9,838,000		9,707,507

7

Shares or Principal Amounts				Value
Corporate Bonds– (continued)
Banking– (continued)
	Toronto-Dominion Bank/The, 5.5230%, 7/17/28#	$7,448,000		$7,351,466
				92,219,271
Basic Industry – 0.9%
	Celanese US Holdings LLC, 6.3300%, 7/15/29	1,443,000		1,414,445
	Celanese US Holdings LLC, 6.3790%, 7/15/32	2,119,000		2,041,704
	Hudbay Minerals Inc, 4.5000%, 4/1/26 (144A)	6,918,000		6,472,318
	Hudbay Minerals Inc, 6.1250%, 4/1/29 (144A)	6,957,000		6,436,990
	IAMGOLD Corp, 5.7500%, 10/15/28 (144A)	3,491,000		2,731,708
	Mineral Resources Ltd, 9.2500%, 10/1/28 (144A)	6,885,000		6,936,637
	Neon Holdings Inc, 10.1250%, 4/1/26 (144A)	3,021,000		2,784,413
				28,818,215
Brokerage – 0.1%
	Nasdaq Inc, 5.5500%, 2/15/34	1,970,000		1,880,271
	Nasdaq Inc, 5.9500%, 8/15/53	1,966,000		1,836,404
				3,716,675
Capital Goods – 1.2%
	ARD Finance SA, 5.0000% (5.00% Cash or 5.75% PIK), 6/30/27Ø	9,468,244	EUR	7,414,913
	ARD Finance SA, 5.0000% (5.00% Cash or 5.75% PIK), 6/30/27 (144A)Ø	1,468,400	EUR	1,149,955
	ARD Finance SA, 6.5000% (6.50% Cash or 7.25% PIK), 6/30/27 (144A)Ø	3,388,380		2,556,332
	Ardagh Metal Packaging SA, 3.0000%, 9/1/29	8,863,000	EUR	7,097,858
	LABL Inc, 8.2500%, 11/1/29 (144A)	8,536,000		6,967,510
	Regal Rexnord Corp, 6.3000%, 2/15/30 (144A)	2,843,000		2,746,259
	Regal Rexnord Corp, 6.4000%, 4/15/33 (144A)	1,897,000		1,827,205
	Trinity Industries Inc, 7.7500%, 7/15/28 (144A)	7,331,000		7,376,819
				37,136,851
Communications – 1.7%
	Altice Financing SA, 5.0000%, 1/15/28 (144A)#	9,491,000		8,104,205
	AT&T Inc, EURIBOR ICE SWAP Rate + 3.1400%, 2.8750%‡,µ	5,300,000	EUR	5,172,932
	Banijay Entertainment SASU, 8.1250%, 5/1/29 (144A)	7,543,000		7,486,503
	CCO Holdings LLC / CCO Holdings Capital Corp, 4.2500%, 2/1/31 (144A)	9,366,000		7,455,697
	Gray Television Inc, 4.7500%, 10/15/30 (144A)	5,500,000		3,643,590
	Netflix Inc, 3.6250%, 6/15/30	8,071,000	EUR	8,090,879
	Scripps Escrow II Inc, 5.3750%, 1/15/31 (144A)	5,804,000		3,566,268
	T-Mobile USA Inc, 3.3750%, 4/15/29	4,899,000		4,308,865
	T-Mobile USA Inc, 5.7500%, 1/15/34	4,576,000		4,463,989
				52,292,928
Consumer Cyclical – 2.8%
	Adler Pelzer Holding GmbH, 9.5000%, 4/1/27 (144A)	6,450,000	EUR	6,332,984
	Carnival Corp, 7.6250%, 3/1/26 (144A)#	7,567,000		7,361,057
	Carnival Corp, 6.0000%, 5/1/29 (144A)	6,514,000		5,556,330
	CBRE Services Inc, 5.9500%, 8/15/34	7,979,000		7,525,879
	Ford Motor Credit Co LLC, 7.3500%, 11/4/27	5,197,000		5,299,205
	Full House Resorts Inc, 8.2500%, 2/15/28 (144A)#	10,378,000		9,080,750
	GLP Capital LP / GLP Financing II Inc, 4.0000%, 1/15/31	3,218,000		2,679,039
	Kohl's Corp, 4.6250%, 5/1/31Ç	7,649,000		5,140,434
	Lithia Motors Inc, 3.8750%, 6/1/29 (144A)	3,700,000		3,118,360
	Lithia Motors Inc, 4.3750%, 1/15/31 (144A)	6,689,000		5,533,924
	LKQ Corp, 6.2500%, 6/15/33 (144A)	5,850,000		5,656,615
	LSF9 Atlantis Holdings LLC / Victra Finance Corp, 7.7500%, 2/15/26 (144A)	6,080,000		5,520,591
	Pinnacle Bidco PLC, 8.2500%, 10/11/28 (144A)	5,150,000	EUR	5,444,090
	Royal Caribbean Cruises Ltd, 7.2500%, 1/15/30 (144A)	1,800,000		1,783,966
	VICI Properties LP, 4.9500%, 2/15/30	4,993,000		4,568,433
	VICI Properties LP, 5.1250%, 5/15/32	1,932,000		1,729,282
	Victoria's Secret & Co, 4.6250%, 7/15/29 (144A)#	5,339,000		3,870,352
				86,201,291
Consumer Non-Cyclical – 3.3%
	AdaptHealth LLC, 6.1250%, 8/1/28 (144A)	8,398,000		7,248,775
	AMN Healthcare Inc, 4.0000%, 4/15/29 (144A)	4,005,000		3,398,488
	B&G Foods Inc, 5.2500%, 4/1/25	4,300,000		4,219,688
	Catalent Pharma Solutions Inc, 2.3750%, 3/1/28	5,060,000	EUR	4,466,374
	Cheplapharm Arzneimittel GmbH, 7.5000%, 5/15/30 (144A)	12,700,000	EUR	13,505,844
	HCA Inc, 3.6250%, 3/15/32	682,000		565,302
	Heartland Dental LLC / Heartland Dental Finance Corp,
	10.5000%, 4/30/28 (144A)	11,834,000		11,907,962
	HLF Financing Sarl LLC / Herbalife International Inc,
	4.8750%, 6/1/29 (144A)	7,721,000		5,481,910
	JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc,
	6.7500%, 3/15/34 (144A)	7,608,000		7,402,508
	LifePoint Health Inc, 11.0000%, 10/15/30 (144A)	4,625,000		4,625,000
	Mattel Inc, 5.4500%, 11/1/41	6,817,000		5,622,840
	Organon Finance 1 LLC, 5.1250%, 4/30/31 (144A)	7,824,000		6,269,784
	Owens & Minor Inc, 6.6250%, 4/1/30 (144A)#	2,984,000		2,648,554
	Pediatrix Medical Group Inc, 5.3750%, 2/15/30 (144A)#	6,092,000		5,365,285

8

Shares or Principal Amounts				Value
Corporate Bonds– (continued)
Consumer Non-Cyclical– (continued)
	Pilgrim's Pride Corp, 6.2500%, 7/1/33	$10,977,000		$10,316,067
	Universal Health Services Inc, 2.6500%, 1/15/32	7,779,000		5,831,961
				98,876,342
Electric – 2.2%
	Algonquin Power & Utilities Corp,
	US Treasury Yield Curve Rate 5 Year + 3.2490%, 4.7500%, 1/18/82‡	8,480,000		6,911,200
	American Electric Power Co Inc, 5.6250%, 3/1/33	3,096,000		2,995,863
	American Electric Power Co Inc,
	US Treasury Yield Curve Rate 5 Year + 2.6750%, 3.8750%, 2/15/62‡	5,517,000		4,489,722
	CMS Energy Corp,
	US Treasury Yield Curve Rate 5 Year + 4.1160%, 4.7500%, 6/1/50‡	3,354,000		2,861,163
	Duquesne Light Holdings Inc, 2.5320%, 10/1/30 (144A)	3,072,000		2,388,980
	IPALCO Enterprises Inc, 4.2500%, 5/1/30	4,008,000		3,515,117
	NRG Energy Inc, 3.6250%, 2/15/31 (144A)	1,933,000		1,466,481
	NRG Energy Inc, 3.8750%, 2/15/32 (144A)	9,814,000		7,367,274
	NRG Energy Inc, 7.0000%, 3/15/33 (144A)	9,733,000		9,403,777
	Vistra Operations Co LLC, 6.9500%, 10/15/33 (144A)	12,050,000		11,819,059
	Xcel Energy Inc, 4.6000%, 6/1/32	4,725,000		4,287,711
	Xcel Energy Inc, 5.4500%, 8/15/33	8,625,000		8,231,069
				65,737,416
Energy – 3.3%
	AmeriGas Partners LP / AmeriGas Finance Corp, 5.7500%, 5/20/27	7,888,000		7,393,807
	Civitas Resources Inc, 8.3750%, 7/1/28 (144A)	7,152,000		7,277,160
	DT Midstream Inc, 4.1250%, 6/15/29 (144A)	7,432,000		6,428,989
	Enerflex Ltd, 9.0000%, 10/15/27 (144A)	4,645,000		4,586,938
	EnLink Midstream Partners LP, CME Term SOFR 3 Month + 4.3716%, 9.7798%‡,µ	7,858,000		7,052,555
	EQM Midstream Partners LP, 7.5000%, 6/1/27 (144A)	2,931,000		2,936,839
	FTAI Infra Escrow Holdings LLC, 10.5000%, 6/1/27 (144A)	13,378,000		13,311,110
	Hess Midstream Operations LP, 4.2500%, 2/15/30 (144A)	8,646,000		7,290,637
	Howard Midstream Energy Partners LLC, 6.7500%, 1/15/27 (144A)	9,769,000		9,280,550
	NGL Energy Partners LP / NGL Energy Finance Corp, 7.5000%, 2/1/26 (144A)	7,430,000		7,348,551
	Occidental Petroleum Corp, 7.8750%, 9/15/31	4,784,000		5,176,771
	SM Energy Co, 5.6250%, 6/1/25	8,923,000		8,732,940
	Sunoco LP / Sunoco Finance Corp, 4.5000%, 4/30/30	8,262,000		7,154,667
	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp,
	5.5000%, 1/15/28 (144A)	5,739,000		5,222,488
	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp,
	6.0000%, 9/1/31 (144A)	1,155,000		1,006,786
				100,200,788
Finance Companies – 1.7%
	FirstCash Inc, 4.6250%, 9/1/28 (144A)	5,509,000		4,881,403
	FirstCash Inc, 5.6250%, 1/1/30 (144A)	3,227,000		2,903,416
	Fortress Transportation and Infrastructure Investors LLC,
	6.5000%, 10/1/25 (144A)	2,318,000		2,278,233
	Fortress Transportation and Infrastructure Investors LLC,
	9.7500%, 8/1/27 (144A)	3,509,000		3,629,499
	Navient Corp, 9.3750%, 7/25/30	13,750,000		13,560,937
	OWL Rock Core Income Corp, 4.7000%, 2/8/27	8,032,000		7,308,880
	PennyMac Financial Services Inc, 5.7500%, 9/15/31 (144A)	8,000,000		6,543,674
	Quicken Loans LLC, 3.8750%, 3/1/31 (144A)	4,499,000		3,587,368
	Springleaf Finance Corp, 6.8750%, 3/15/25	8,426,000		8,359,207
				53,052,617
Financial Institutions – 0.8%
	AT Securities BV, USD SWAP SEMI 30/360 5YR + 3.5460%, 7.7470%‡,µ	5,000,000		2,427,500
	Burford Capital Global Finance LLC, 6.2500%, 4/15/28 (144A)	4,962,000		4,588,361
	Burford Capital Global Finance LLC, 6.8750%, 4/15/30 (144A)	4,025,000		3,696,661
	CPI Property Group SA, EUR SWAP ANNUAL 5 YR + 4.9440%, 4.8750%‡,µ	5,589,000	EUR	2,038,315
	GGAM Finance Ltd, 8.0000%, 6/15/28 (144A)	10,154,000		10,133,971
				22,884,808
Government Sponsored – 0.3%
	Georgian Railway JSC, 4.0000%, 6/17/28	3,250,000		2,812,836
	Petroleos Mexicanos, 5.9500%, 1/28/31	5,546,000		3,969,550
	Uzbekneftegaz JSC, 4.7500%, 11/16/28	1,087,000		875,057
				7,657,443
Insurance – 0.9%
	Athene Global Funding, 2.6460%, 10/4/31 (144A)	8,600,000		6,367,664
	Broadstreet Partners Inc, 5.8750%, 4/15/29 (144A)	7,633,000		6,734,735
	Brown & Brown Inc, 4.9500%, 3/17/52	3,218,000		2,562,516
	Centene Corp, 3.3750%, 2/15/30	14,292,000		11,920,557
				27,585,472
Mortgage Assets – 0.2%
	Banco La Hipotecaria SA, 4.1250%, 12/15/24 (144A)	5,000,000		4,812,228

9

Shares or Principal Amounts				Value
Corporate Bonds– (continued)
Real Estate Investment Trusts (REITs) – 0.7%
	Alexandria Real Estate Equities Inc, 4.7500%, 4/15/35	$5,706,000		$5,016,753
	Broadstone Net Lease LLC, 2.6000%, 9/15/31	2,870,000		2,008,100
	Global Net Lease Inc / Global Net Lease Operating Partnership LP,
	3.7500%, 12/15/27 (144A)	8,400,000		6,503,658
	Lexington Realty Trust, 2.7000%, 9/15/30	3,324,000		2,573,988
	Safehold Operating Partnership LP, 2.8000%, 6/15/31	5,556,000		4,152,289
				20,254,788
Technology – 2.8%
	Austin BidCo Inc, 7.1250%, 12/15/28 (144A)	8,552,000		6,905,740
	CA Magnum Holdings, 5.3750%, 10/31/26 (144A)	6,237,000		5,520,431
	Entegris Inc, 3.6250%, 5/1/29 (144A)	8,081,000		6,862,547
	Equinix Inc, 2.5000%, 5/15/31	8,726,000		6,811,514
	Fiserv Inc, 5.6000%, 3/2/33	4,500,000		4,361,330
	Foundry JV Holdco LLC, 5.8750%, 1/25/34 (144A)	9,000,000		8,597,270
	GTCR W-2 Merger Sub LLC, 7.5000%, 1/15/31 (144A)	2,447,000		2,450,426
	Iron Mountain Inc, 5.2500%, 7/15/30 (144A)	5,631,000		4,919,497
	Iron Mountain Inc, 4.5000%, 2/15/31 (144A)	3,754,000		3,087,528
	Leidos Inc, 5.7500%, 3/15/33	3,278,000		3,141,506
	Marvell Technology Inc, 5.9500%, 9/15/33	7,652,000		7,510,533
	RingCentral Inc, 8.5000%, 8/15/30 (144A)	8,801,000		8,501,766
	Seagate HDD Cayman, 8.2500%, 12/15/29 (144A)	3,000,000		3,080,994
	Seagate HDD Cayman, 9.6250%, 12/1/32 (144A)	5,969,237		6,432,104
	Trimble Inc, 6.1000%, 3/15/33	7,117,000		6,972,725
				85,155,911
Transportation – 0.4%
	Cargo Aircraft Management Inc, 4.7500%, 2/1/28 (144A)	6,400,000		5,713,757
	Forward Air Corp, 9.5000%, 10/15/31 (144A)	517,000		516,638
	Rand Parent LLC, 8.5000%, 2/15/30 (144A)#	6,454,000		5,970,601
				12,200,996
Total Corporate Bonds (cost $857,360,147)				798,804,040
Foreign Government Bonds– 1.6%
	Commonwealth of the Bahamas Government Bond, 6.0000%, 11/21/28	3,391,000		2,789,895
	Dominican Republic Government Bond, 7.0500%, 2/3/31	4,818,000		4,650,720
	Gabonese Republic Government Bond, 6.9500%, 6/16/25	1,567,000		1,394,630
	Gabonese Republic Government Bond, 7.0000%, 11/24/31	335,000		248,319
	Mongolia Government Bond, 5.1250%, 4/7/26	2,185,000		2,037,745
	Mongolia Government Bond, 3.5000%, 7/7/27	1,705,000		1,429,027
	Mongolia Government Bond, 4.4500%, 7/7/31	1,608,000		1,234,944
	Republic of Angola Government Bond, 8.0000%, 11/26/29	3,353,000		2,755,113
	Republic of Benin Government Bond, 4.8750%, 1/19/32	3,275,000	EUR	2,565,909
	Republic of Benin Government Bond, 4.9500%, 1/22/35	2,400,000	EUR	1,738,388
	Republic of Colombia Government Bond, 3.0000%, 1/30/30	3,510,000		2,689,918
	Republic of Colombia Government Bond, 3.1250%, 4/15/31	3,160,000		2,334,785
	Republic of Georgia Government Bond, 2.7500%, 4/22/26	2,880,000		2,564,930
	Republic of Mozambique Government Bond, 9.0000%, 9/15/31Ç	2,682,000		2,096,814
	Republic of North Macedonia Government Bond, 6.9600%, 3/13/27	2,758,000	EUR	2,965,869
	Republic of North Macedonia Government Bond, 1.6250%, 3/10/28	4,720,000	EUR	4,041,523
	Romania Government Bond, 1.7500%, 7/13/30	4,774,000	EUR	3,810,197
	Romania Government Bond, 2.1240%, 7/16/31	4,800,000	EUR	3,754,836
	Romania Government Bond, 2.0000%, 4/14/33	4,900,000	EUR	3,556,408
Total Foreign Government Bonds (cost $52,127,148)				48,659,970
Mortgage-Backed Securities– 29.1%
Fannie Mae:
	3.0000%, TBA, 15 Year Maturity	16,732,212		15,129,015
	3.5000%, TBA, 15 Year Maturity	15,731,117		14,534,577
	4.0000%, TBA, 15 Year Maturity	24,687,000		23,285,766
	3.0000%, TBA, 30 Year Maturity	31,587,142		26,119,155
	3.5000%, TBA, 30 Year Maturity	121,753,696		104,634,761
	4.0000%, TBA, 30 Year Maturity	152,830,871		136,052,639
	4.5000%, TBA, 30 Year Maturity	92,479,774		84,874,330
	5.0000%, TBA, 30 Year Maturity	86,379,023		81,461,033
	5.5000%, TBA, 30 Year Maturity	102,812,256		99,329,902
	6.0000%, TBA, 30 Year Maturity	26,700,000		26,347,560
				611,768,738
Fannie Mae Pool:
	3.0000%, 10/1/34	131,154		119,500
	6.0000%, 2/1/37	577		596
	3.0000%, 9/1/42	984,727		841,288
	3.0000%, 1/1/43	1,274,526		1,088,873
	3.0000%, 2/1/43	3,708,272		3,172,873
	3.0000%, 2/1/43	501,900		428,791
	3.0000%, 2/1/43	33,423		28,518
	3.0000%, 3/1/43	1,633,634		1,393,902

10

Shares or Principal Amounts			Value
Mortgage-Backed Securities– (continued)
Fannie Mae Pool– (continued)
	3.0000%, 3/1/43	$453,753	$387,166
	3.0000%, 5/1/43	378,357	322,834
	3.0000%, 5/1/43	1,872	1,598
	5.0000%, 7/1/44	5,091	4,928
	4.5000%, 10/1/44	3,514	3,318
	4.5000%, 3/1/45	5,261	4,968
	3.0000%, 7/1/45	2,070,874	1,766,977
	3.5000%, 12/1/45	252,009	221,500
	4.5000%, 2/1/46	7,461	7,042
	3.5000%, 7/1/46	12,167	10,698
	3.0000%, 9/1/46	909,465	776,989
	3.0000%, 11/1/46	305,413	257,897
	3.0000%, 1/1/47	45,747	38,630
	3.5000%, 3/1/47	217,978	191,589
	4.0000%, 5/1/47	800,041	730,139
	3.5000%, 7/1/47	194,403	170,869
	3.5000%, 8/1/47	2,428	2,121
	3.5000%, 1/1/48	2,866	2,507
	4.0000%, 1/1/48	11,154	10,170
	3.5000%, 3/1/48	2,999,924	2,621,172
	4.0000%, 3/1/48	3,418	3,117
	3.5000%, 7/1/48	4,954,797	4,335,500
	4.5000%, 12/1/48	466,266	436,341
	3.0000%, 9/1/49	352,979	297,676
	4.5000%, 12/1/50	4,940,247	4,600,686
	4.0000%, 10/1/51	26,394,972	23,844,850
	5.5000%, 10/1/52	13,090,395	12,670,503
	5.5000%, 10/1/52	9,533,537	9,275,086
	5.0000%, 6/1/53	8,661,102	8,274,058
	5.5000%, 6/1/53	9,893,764	9,616,257
	5.5000%, 6/1/53	152,441	148,166
	5.0000%, 7/1/53	29,398,889	28,082,137
	5.5000%, 7/1/53	437,092	423,544
	5.5000%, 7/1/53	262,700	255,332
	5.5000%, 9/1/53	15,300,723	14,873,745
	3.0000%, 2/1/57	5,003,488	4,119,697
	3.0000%, 6/1/57	21,491	17,700
			135,881,848
Freddie Mac Gold Pool:
	3.5000%, 1/1/47	148,370	130,887
Freddie Mac Pool:
	3.0000%, 5/1/31	1,216,757	1,139,813
	3.0000%, 9/1/32	189,342	172,764
	3.0000%, 1/1/33	104,955	95,765
	3.0000%, 10/1/34	316,482	288,284
	3.0000%, 10/1/34	145,942	132,973
	6.0000%, 4/1/40	12,798	13,220
	3.0000%, 2/1/43	3,657	3,130
	3.5000%, 2/1/43	3,144	2,768
	3.0000%, 3/1/43	82,795	70,781
	3.0000%, 6/1/43	129,451	109,370
	3.0000%, 11/1/43	3,981,422	3,398,758
	3.5000%, 2/1/44	10,364	9,124
	4.5000%, 5/1/44	2,564	2,402
	3.5000%, 12/1/44	194,490	172,056
	3.0000%, 1/1/45	2,345	1,996
	3.5000%, 7/1/46	2,211	1,934
	4.0000%, 3/1/47	6,586	6,003
	3.5000%, 9/1/47	3,984	3,482
	3.5000%, 12/1/47	38,928	34,199
	3.5000%, 2/1/48	2,446	2,131
	4.0000%, 4/1/48	1,365	1,236
	4.5000%, 4/1/49	1,097,566	1,022,117
	4.0000%, 5/1/49	4,226,612	3,812,194
	3.5000%, 8/1/49	1,984,375	1,730,940
	3.0000%, 12/1/49	501,290	419,659
	3.0000%, 12/1/49	308,436	258,210
	4.5000%, 10/1/50	2,869,384	2,672,161
	5.5000%, 10/1/52	129,837	126,342
	5.0000%, 7/1/53	11,297,295	10,791,298
	5.5000%, 7/1/53	1,998,813	1,936,858
	5.5000%, 7/1/53	1,263,679	1,224,510
			29,656,478

11

Shares or Principal Amounts			Value
Mortgage-Backed Securities– (continued)
Ginnie Mae:
	3.5000%, TBA, 30 Year Maturity	$98,660,539	$86,378,486
	4.0000%, TBA, 30 Year Maturity	16,054,402	14,456,395
	5.0000%, TBA, 30 Year Maturity	7,343,765	6,957,152
			107,792,033
Ginnie Mae I Pool:
	4.5000%, 8/15/46	10,087	9,445
	4.0000%, 7/15/47	2,975	2,711
	4.0000%, 8/15/47	343	313
	4.0000%, 11/15/47	587	535
	4.0000%, 12/15/47	1,906	1,737
			14,741
Ginnie Mae II Pool:
	4.5000%, 2/20/48	98,010	91,918
	4.5000%, 5/20/48	2,114	1,981
	4.5000%, 5/20/48	933	874
			94,773
Total Mortgage-Backed Securities (cost $913,196,791)			885,339,498
Common Stocks– 0.2%
Health Care Equipment & Supplies – 0.1%
	Lantheus Holdings Inc*	52,470	3,645,616
Metals & Mining – 0.1%
	Hudbay Minerals Inc	546,362	2,660,783
Professional Services – 0%
	Clarivate Analytics PLC*	4,217	28,296
Total Common Stocks (cost $7,392,405)			6,334,695
Preferred Stocks– 0%
Consumer Cyclical – 0%
	Quiksilver Inc¢	12,688	10,785
Finance Companies – 0%
	Castlelake Aircraft Securitization Trust 2018-1, 6/15/43 (144A)‡	1,000,000	80,000
Industrial – 0%
	Project Silver, 3/15/44 (144A)‡	1,500,000	187,500
	START Ireland, 3/15/44 (144A)‡	1,500,000	375,000
	Thunderbolt II Aircraft Lease Ltd, 9/15/38 (144A)	10	43,668
	Thunderbolt III Aircraft Lease Ltd, 11/15/39 (144A)‡	5,000,000	100,000
			706,168
Total Preferred Stocks (cost $11,018,746)			796,953
Investment Companies– 2.2%
Money Markets – 2.2%
	Janus Henderson Cash Liquidity Fund LLC, 5.3601%ºº,£((cost $65,316,701)	65,303,014	65,322,605
Investments Purchased with Cash Collateral from Securities Lending– 0.6%
Investment Companies – 0.5%
	Janus Henderson Cash Collateral Fund LLC, 5.2832%ºº,£	15,536,636	15,536,636
Time Deposits – 0.1%
	Royal Bank of Canada, 5.3100%, 10/2/23	$3,800,339	3,800,339
Total Investments Purchased with Cash Collateral from Securities Lending (cost $19,336,975)			19,336,975
Total Investments (total cost $4,047,229,283) – 126.1%			3,831,033,032
Liabilities, net of Cash, Receivables and Other Assets – (26.1)%			(792,404,751)
Net Assets – 100%			$3,038,628,281

12

Summary of Investments by Country - (Long Positions) (unaudited)
		% of
		Investment
Country	Value	Securities
United States	$3,494,324,067	91.2	%
Cayman Islands	53,402,066	1.4
Canada	41,189,524	1.1
Luxembourg	34,692,612	0.9
Ireland	26,931,723	0.7
United Kingdom	23,647,114	0.6
Germany	22,266,328	0.6
France	18,544,692	0.5
Peru	12,909,308	0.3
Australia	12,817,959	0.3
Romania	11,121,441	0.3
Japan	9,707,507	0.3
Macedonia, The Former Yugoslav Republic Of	7,007,392	0.2
India	5,520,431	0.1
Georgia	5,377,766	0.1
Colombia	5,024,703	0.1
Panama	4,812,228	0.1
Mongolia	4,701,716	0.1
Dominican Republic	4,650,720	0.1
Benin	4,304,297	0.1
Netherlands	4,231,132	0.1
Mexico	3,969,550	0.1
Bahamas	2,789,895	0.1
Switzerland	2,782,157	0.1
Angola	2,755,113	0.1
Burkina Faso	2,731,708	0.1
Mozambique	2,096,814	0.1
Czech Republic	2,038,315	0.1
Gibraltar	1,791,748	0.1
Gabon	1,642,949	0.0
Uzbekistan	875,057	0.0
Bermuda	375,000	0.0

Total $3,831,033,032 100.0 %

13

Schedules of Affiliated Investments – (% of Net Assets)

		Dividend Income		Realized Gain/(Loss)		Change in Unrealized Appreciation/ Depreciation		Value at 9/30/23
Investment Companies - 2.2%
Money Markets - 2.2%
	Janus Henderson Cash Liquidity Fund LLC, 5.3601%ºº	$	1,491,821	$	(354)	$	6,258	$	65,322,605
Investments Purchased with Cash Collateral from Securities Lending - 0.5%
Investment Companies - 0.5%
	Janus Henderson Cash Collateral Fund LLC, 5.2832%ºº		87,073∆		-		-		15,536,636
Total Affiliated Investments - 2.7%		$	1,578,894	$	(354)	$	6,258	$	80,859,241

		Value at 6/30/23		Purchases		Sales Proceeds		Value at 9/30/23
Investment Companies - 2.2%
Money Markets - 2.2%
	Janus Henderson Cash Liquidity Fund LLC, 5.3601%ºº		136,328,921		314,766,930		(385,779,150)		65,322,605
Investments Purchased with Cash Collateral from Securities Lending - 0.5%
Investment Companies - 0.5%
	Janus Henderson Cash Collateral Fund LLC, 5.2832%ºº		14,706,842		31,907,086		(31,077,292)		15,536,636

14

Schedule of Forward Foreign Currency Exchange Contracts

Counterparty/ Foreign Currency	Settlement Date	Foreign Currency Amount (Sold)/ Purchased		USD Currency Amount (Sold)/ Purchased		Market Value and Unrealized Appreciation/ (Depreciation)
JPMorgan Chase Bank, National Association:
Canadian Dollar	12/11/23	(4,998,100)	$	3,692,604	$	8,127
Euro	12/11/23	(6,132,020)		6,562,786		58,776
						66,903
State Street Bank and Trust Company:
Euro	12/11/23	(90,562,050)		97,481,101		1,425,231
Euro	12/11/23	(5,150,000)		5,456,594		(5,824)
						1,419,407
Total					$	1,486,310

Schedule of Futures

Description	Number of Contracts		Expiration Date		Notional Amount		Value and Unrealized Appreciation/(Depreciation)
Futures Long:
10 Year US Treasury Note		3,207	12/29/23	$	346,556,438	$	(6,714,817)
5 Year US Treasury Note		7,432	1/4/24		783,030,875		(7,989,004)
Total - Futures Long							(14,703,821)
Futures Short:
2 Year US Treasury Note		3,730	1/4/24		(756,111,799)		4,074,137
Ultra 10-Year Treasury Note		1,067	12/29/23		(119,037,188)		1,481,901
Ultra Long Term US Treasury Bond		83	12/29/23		(9,851,063)		723,005
US Treasury Long Bond		60	12/29/23		(6,826,875)		369,843
Total - Futures Short							6,648,886
Total						$	(8,054,935)

Schedule of Centrally Cleared Credit Default Swaps - Buy Protection
Reference Asset	Maturity Date	Notional Amount			Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)		Value
CDX.NA.HY.41-V1, Fixed Rate of 5.00%, Paid Quarterly	12/20/28	(60,000,000)	USD	$	(566,850)	$	(21,126)	$	(587,976)
CDX.NA.IG.40-V1, Fixed Rate of 1.00%, Paid Quarterly	6/20/28	(78,800,000)	USD		(1,173,842)		105,380		(1,068,462)
Total				$	(1,740,692)	$	84,254	$	(1,656,438)

15

Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2023
Credit default swaps:
Average notional amount - buy protection	$74,100,000
Forward foreign currency exchange contracts:
Average amounts purchased - in USD	4,042,140
Average amounts sold - in USD	97,861,068
Futures contracts:
Average notional amount of contracts - long	847,117,670
Average notional amount of contracts - short	500,757,747

16

Notes to Schedule of Investments (unaudited)

EURIBOR	Euro Interbank Offered Rate
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
LLC	Limited Liability Company
LP	Limited Partnership
PIK	Pay-in-kind (PIK) bonds give the issuer an option to make the interest payment in cash or additional securities.
PLC	Public Limited Company
SOFR	Secured Overnight Financing Rate
TBA	(To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when specific mortgage pools are assigned.

144A Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended September 30, 2023 is $2,212,742,567, which represents 72.8% of net assets.

* Non-income producing security.

ƒ All or a portion of this position is not funded, or has been purchased on a delayed delivery or when-issued basis. If applicable, interest rates will be determined and interest will begin to accrue at a future date.

‡ Variable or floating rate security. Rate shown is the current rate as of September 30, 2023. Certain variable rate securities are not based on a published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.

ºº Rate shown is the 7-day yield as of September 30, 2023.

# Loaned security; a portion of the security is on loan at September 30, 2023.

µ Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date indicated, if any, represents the next call date.

Ç Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the current rate.

◊ Zero coupon bond.

¤ Interest only security. An interest only security represents the interest only portion of a pool of underlying mortgages or mortgage-backed securities which are separated and sold individually from the principal portion of the securities. Principal amount shown represents the par value on which interest payments are based.

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

¢ Security is valued using significant unobservable inputs. The total value of Level 3 securities as of the period ended September 30, 2023 is $578,303, which represents 0.0% of net assets.

17

£ The Fund may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control.

∆ Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties.

The following is a summary of the inputs that were used to value the Fund’s investments in securities and other financial instruments as of September 30, 2023.
Valuation Inputs Summary
					Level 2 -		Level 3 -
			Level 1 -		Other Significant		Significant
			Quoted Prices		Observable Inputs		Unobservable Inputs
Assets
Investments In Securities:
Asset-Backed/Commercial Mortgage-Backed Securities		$	-	$	1,821,911,135	$	567,518
Bank Loans and Mezzanine Loans			-		183,959,643		-
Corporate Bonds			-		798,804,040		-
Foreign Government Bonds			-		48,659,970		-
Mortgage-Backed Securities			-		885,339,498		-
Common Stocks			6,334,695		-		-
Preferred Stocks			-		786,168		10,785
Investment Companies			-		65,322,605		-
Investments Purchased with Cash Collateral from Securities Lending			-		19,336,975		-
Total Investments in Securities		$	6,334,695	$	3,824,120,034	$	578,303
Other Financial Instruments(a):
Forward Foreign Currency Exchange Contracts			-		1,492,134		-
Futures Contracts			6,648,886		-		-
Centrally Cleared Swaps			-		105,380		-
Total Assets		$	12,983,581	$	3,825,717,548	$	578,303
Liabilities
Other Financial Instruments(a):
Forward Foreign Currency Exchange Contracts		$	-	$	5,824	$	-
Futures Contracts			14,703,821		-		-
Centrally Cleared Swaps			-		21,126		-
Total Liabilities		$	14,703,821	$	26,950	$	-
(a)	Other financial instruments may include forward foreign currency exchange contracts, futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the contract's value from trade date. Written options and written swaptions are reported at their market value at measurement date.

18

Investment Valuation

Fund holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the “Valuation Procedures”). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange (“NYSE”). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a nonvalued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to “odd-lot” fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Fund, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that operate as money market funds held by the Fund, if any, will be calculated using the NAV of such funds.

Valuation Inputs Summary

FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Fund has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Fund’s Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps, investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Fund since the beginning of the fiscal period.

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of September 30, 2023 to fair value the Fund’s

19

investments in securities and other financial instruments is included in the “Valuation Inputs Summary” in the Notes to Schedule of Investments.

The Fund did not hold a significant amount of Level 3 securities as of September 30, 2023.

20

For additional information on the Fund, please refer to the Fund’s most recent semiannual or annual shareholder report.

125-25-70288 11-23