| | | | | | |
| CORPORATE BONDS AND NOTES (85.6%)(a) |
| | | | Principal amount | Value |
| Advertising and marketing services (0.5%) |
| Clear Channel Outdoor Holdings, Inc. 144A company guaranty sr. notes 5.125%, 8/15/27 | | | | $1,500,000 | $1,338,750 |
| Clear Channel Outdoor Holdings, Inc. 144A company guaranty sr. unsec. sub. notes 7.75%, 4/15/28 | | | | 1,665,000 | 1,381,735 |
| Terrier Media Buyer, Inc. 144A company guaranty sr. unsec. notes 8.875%, 12/15/27 | | | | 2,150,000 | 1,446,907 |
| | | | | |
|
| | | | | | 4,167,392 |
| Automotive (0.2%) |
| NESCO Holdings II, Inc. 144A company guaranty notes 5.50%, 4/15/29 | | | | 1,595,000 | 1,421,544 |
| Volkswagen International Finance NV company guaranty jr. unsec. sub. FRN 4.625%, perpetual maturity (Germany) | | | EUR | 300,000 | 287,562 |
| | | | | |
|
| | | | | | 1,709,106 |
| Basic materials (9.4%) |
| ArcelorMittal SA sr. unsec. unsub. notes 7.00%, 10/15/39 (France) | | | | $3,165,000 | 3,249,582 |
| ATI, Inc. sr. unsec. notes 4.875%, 10/1/29 | | | | 580,000 | 519,312 |
| ATI, Inc. sr. unsec. sub. notes 5.875%, 12/1/27 | | | | 2,545,000 | 2,424,328 |
| Avient Corp. 144A sr. unsec. unsub. notes 7.125%, 8/1/30 | | | | 2,295,000 | 2,300,738 |
| Axalta Coating Systems, LLC 144A company guaranty sr. unsec. notes 3.375%, 2/15/29 | | | | 3,140,000 | 2,606,333 |
| Axalta Coating Systems, LLC/Axalta Coating Systems Dutch Holding B BV 144A company guaranty sr. unsec. notes 4.75%, 6/15/27 | | | | 475,000 | 438,134 |
| Beacon Roofing Supply, Inc. 144A company guaranty sr. notes 4.50%, 11/15/26 | | | | 1,312,000 | 1,231,665 |
| Beacon Roofing Supply, Inc. 144A sr. unsec. unsub. notes 4.125%, 5/15/29 | | | | 950,000 | 813,438 |
| Big River Steel, LLC/BRS Finance Corp. 144A sr. notes 6.625%, 1/31/29 | | | | 1,796,000 | 1,746,626 |
| Boise Cascade Co. 144A company guaranty sr. unsec. notes 4.875%, 7/1/30 | | | | 1,700,000 | 1,488,332 |
| Builders FirstSource, Inc. 144A company guaranty sr. unsec. bonds 6.375%, 6/15/32 | | | | 870,000 | 835,528 |
| Builders FirstSource, Inc. 144A company guaranty sr. unsec. bonds 4.25%, 2/1/32 | | | | 2,130,000 | 1,788,188 |
| Celanese US Holdings, LLC company guaranty sr. unsec. notes 6.33%, 7/15/29 (Germany) | | | | 2,455,000 | 2,408,129 |
| Celanese US Holdings, LLC company guaranty sr. unsec. notes 6.165%, 7/15/27 (Germany) | | | | 1,385,000 | 1,374,735 |
| CF Industries, Inc. company guaranty sr. unsec. bonds 5.15%, 3/15/34 | | | | 450,000 | 418,672 |
| CF Industries, Inc. company guaranty sr. unsec. bonds 4.95%, 6/1/43 | | | | 3,010,000 | 2,526,036 |
| Commercial Metals Co. sr. unsec. notes 4.375%, 3/15/32 | | | | 1,730,000 | 1,492,104 |
| Commercial Metals Co. sr. unsec. notes 4.125%, 1/15/30 | | | | 1,510,000 | 1,316,618 |
| Compass Minerals International, Inc. 144A company guaranty sr. unsec. notes 6.75%, 12/1/27 | | | | 2,775,000 | 2,616,904 |
| Constellium NV 144A company guaranty sr. unsec. notes 5.875%, 2/15/26 (France) | | | | 542,000 | 529,266 |
| Constellium SE 144A sr. unsec. notes 5.625%, 6/15/28 (France) | | | | 1,150,000 | 1,068,009 |
| CP Atlas Buyer, Inc. 144A sr. unsec. notes 7.00%, 12/1/28 | | | | 945,000 | 704,023 |
| First Quantum Minerals, Ltd. 144A company guaranty sr. unsec. notes 7.50%, 4/1/25 (Canada) | | | | 1,420,000 | 1,377,408 |
| First Quantum Minerals, Ltd. 144A company guaranty sr. unsec. notes 6.875%, 3/1/26 (Canada) | | | | 2,525,000 | 2,409,014 |
| Freeport-McMoRan, Inc. company guaranty sr. unsec. bonds 4.625%, 8/1/30 (Indonesia) | | | | 1,135,000 | 1,047,431 |
| Freeport-McMoRan, Inc. company guaranty sr. unsec. unsub. notes 5.45%, 3/15/43 (Indonesia) | | | | 1,511,000 | 1,364,182 |
| Graphic Packaging International, LLC 144A company guaranty sr. unsec. notes 3.75%, 2/1/30 | | | | 1,460,000 | 1,241,000 |
| Graphic Packaging International, LLC 144A sr. unsec. notes 3.50%, 3/15/28 | | | | 1,075,000 | 940,539 |
| Herens Holdco SARL 144A company guaranty sr. notes 4.75%, 5/15/28 (Luxembourg) | | | | 2,185,000 | 1,776,284 |
| HudBay Minerals, Inc. 144A company guaranty sr. unsec. notes 6.125%, 4/1/29 (Canada) | | | | 739,000 | 652,360 |
| Ingevity Corp. 144A company guaranty sr. unsec. notes 3.875%, 11/1/28 | | | | 1,560,000 | 1,337,700 |
| Intelligent Packaging Holdco Issuer LP 144A sr. unsec. notes 9.00%, 1/15/26 (Canada)(PIK) | | | | 1,385,000 | 986,813 |
| Intelligent Packaging, Ltd., Finco, Inc./Intelligent Packaging, Ltd. Co-Issuer, LLC 144A sr. notes 6.00%, 9/15/28 (Canada) | | | | 1,410,000 | 1,222,893 |
| Kleopatra Holdings 2 SCA company guaranty sr. unsec. notes Ser. REGS, 6.50%, 9/1/26 (Luxembourg) | | | EUR | 1,600,000 | 964,656 |
| Louisiana-Pacific Corp. 144A sr. unsec. notes 3.625%, 3/15/29 | | | | $1,565,000 | 1,307,604 |
| LSF11 A5 HoldCo, LLC 144A sr. unsec. notes 6.625%, 10/15/29 | | | | 2,610,000 | 2,205,547 |
| Mauser Packaging Solutions Holding Co. 144A company guaranty notes 9.25%, 4/15/27 | | | | 1,135,000 | 1,066,900 |
| Mauser Packaging Solutions Holding Co. 144A sr. notes 7.875%, 8/15/26 | | | | 2,520,000 | 2,535,750 |
| Mercer International, Inc. sr. unsec. notes 5.125%, 2/1/29 (Canada) | | | | 1,890,000 | 1,549,711 |
| Novelis Corp. 144A company guaranty sr. unsec. bonds 3.875%, 8/15/31 | | | | 1,005,000 | 814,201 |
| Novelis Corp. 144A company guaranty sr. unsec. notes 4.75%, 1/30/30 | | | | 2,055,000 | 1,805,338 |
| Novelis Corp. 144A company guaranty sr. unsec. notes 3.25%, 11/15/26 | | | | 465,000 | 409,869 |
| Olympus Water US Holding Corp. 144A sr. notes 4.25%, 10/1/28 | | | | 1,915,000 | 1,598,381 |
| Olympus Water US Holding Corp. 144A sr. unsec. notes 6.25%, 10/1/29 | | | | 3,400,000 | 2,755,915 |
| PMHC II, Inc. 144A sr. unsec. notes 9.00%, 2/15/30 | | | | 2,055,000 | 1,592,010 |
| SCIH Salt Holdings, Inc. 144A sr. notes 4.875%, 5/1/28 | | | | 3,066,000 | 2,651,078 |
| SCIH Salt Holdings, Inc. 144A sr. unsec. notes 6.625%, 5/1/29 | | | | 2,325,000 | 1,887,789 |
| Sylvamo Corp. 144A company guaranty sr. unsec. notes 7.00%, 9/1/29 | | | | 3,030,000 | 2,999,700 |
| TMS International Holding Corp. 144A sr. unsec. notes 6.25%, 4/15/29 | | | | 2,695,000 | 2,108,429 |
| Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 144A company guaranty sr. unsec. notes 5.125%, 4/1/29 (Luxembourg) | | | | 1,935,000 | 1,288,578 |
| Tronox, Inc. 144A company guaranty sr. unsec. notes 4.625%, 3/15/29 | | | | 2,205,000 | 1,797,075 |
| WR Grace Holdings, LLC 144A company guaranty sr. notes 4.875%, 6/15/27 | | | | 1,890,000 | 1,736,702 |
| WR Grace Holdings, LLC 144A sr. notes 7.375%, 3/1/31 | | | | 1,800,000 | 1,786,500 |
| WR Grace Holdings, LLC 144A sr. unsec. notes 5.625%, 8/15/29 | | | | 2,300,000 | 1,844,146 |
| | | | | |
|
| | | | | | 84,958,203 |
| Broadcasting (2.8%) |
| Beasley Mezzanine Holdings, LLC 144A company guaranty sr. notes 8.625%, 2/1/26 | | | | 3,465,000 | 2,304,225 |
| Diamond Sports Group, LLC/Diamond Sports Finance Co. 144A company guaranty notes 5.375%, 8/15/26 (In default)(NON) | | | | 4,059,000 | 455,420 |
| Gray Escrow II, Inc. 144A sr. unsec. bonds 5.375%, 11/15/31 | | | | 4,330,000 | 3,214,819 |
| iHeartCommunications, Inc. company guaranty sr. unsec. notes 8.375%, 5/1/27 | | | | 4,045,667 | 3,560,187 |
| Paramount Global jr. unsec. sub. FRB 6.375%, 3/30/62 | | | | 100,000 | 86,160 |
| Scripps Escrow II, Inc. 144A sr. notes 3.875%, 1/15/29 | | | | 1,030,000 | 820,889 |
| Scripps Escrow II, Inc. 144A sr. unsec. bonds 5.375%, 1/15/31 | | | | 1,044,000 | 739,131 |
| Sirius XM Radio, Inc. 144A company guaranty sr. unsec. bonds 3.875%, 9/1/31 | | | | 2,192,000 | 1,704,455 |
| Sirius XM Radio, Inc. 144A company guaranty sr. unsec. notes 4.00%, 7/15/28 | | | | 2,070,000 | 1,769,850 |
| Sirius XM Radio, Inc. 144A sr. unsec. bonds 5.50%, 7/1/29 | | | | 1,340,000 | 1,209,350 |
| Spanish Broadcasting System, Inc. 144A sr. notes 9.75%, 3/1/26 | | | | 1,470,000 | 1,087,800 |
| Townsquare Media, Inc. 144A sr. notes 6.875%, 2/1/26 | | | | 2,135,000 | 1,956,242 |
| Univision Communications, Inc. 144A company guaranty sr. notes 6.625%, 6/1/27 | | | | 2,400,000 | 2,278,512 |
| Univision Communications, Inc. 144A sr. notes 7.375%, 6/30/30 | | | | 2,143,000 | 2,032,427 |
| Urban One, Inc. 144A company guaranty sr. notes 7.375%, 2/1/28 | | | | 2,720,000 | 2,427,301 |
| | | | | |
|
| | | | | | 25,646,768 |
| Building materials (1.8%) |
| American Builders & Contractors Supply Co., Inc. 144A sr. notes 4.00%, 1/15/28 | | | | 2,395,000 | 2,143,525 |
| American Builders & Contractors Supply Co., Inc. 144A sr. unsec. notes 3.875%, 11/15/29 | | | | 1,210,000 | 998,250 |
| BCPE Ulysses Intermediate, Inc. 144A sr. unsec. notes 7.75%, 4/1/27(PIK) | | | | 695,000 | 501,630 |
| Camelot Return Merger Sub, Inc. 144A sr. notes 8.75%, 8/1/28 | | | | 1,455,000 | 1,382,250 |
| JELD-WEN, Inc. 144A company guaranty sr. unsec. notes 4.875%, 12/15/27 | | | | 1,391,000 | 1,162,459 |
| LBM Acquisition, LLC 144A company guaranty sr. unsec. notes 6.25%, 1/15/29 | | | | 1,685,000 | 1,200,495 |
| Masonite International Corp. 144A company guaranty sr. unsec. notes 5.375%, 2/1/28 | | | | 940,000 | 881,673 |
| Masonite International Corp. 144A company guaranty sr. unsec. notes 3.50%, 2/15/30 | | | | 2,050,000 | 1,667,269 |
| MIWD Holdco II, LLC/MIWD Finance Corp. 144A company guaranty sr. unsec. notes 5.50%, 2/1/30 | | | | 1,140,000 | 925,553 |
| Standard Industries, Inc. sr. unsec. notes 2.25%, 11/21/26 | | | | 404,000 | 371,064 |
| Standard Industries, Inc. 144A sr. unsec. bonds 3.375%, 1/15/31 | | | | 855,000 | 656,006 |
| Standard Industries, Inc. 144A sr. unsec. notes 5.00%, 2/15/27 | | | | 1,975,000 | 1,824,566 |
| Standard Industries, Inc. 144A sr. unsec. notes 4.75%, 1/15/28 | | | | 230,000 | 206,644 |
| Standard Industries, Inc. 144A sr. unsec. notes 4.375%, 7/15/30 | | | | 1,465,000 | 1,219,613 |
| White Cap Buyer, LLC 144A sr. unsec. notes 6.875%, 10/15/28 | | | | 1,210,000 | 1,098,922 |
| | | | | |
|
| | | | | | 16,239,919 |
| Capital goods (8.6%) |
| Adient Global Holdings, Ltd. company guaranty sr. unsec. unsub. notes Ser. REGS, 3.50%, 8/15/24 | | | EUR | 3,140,000 | 3,295,039 |
| Adient Global Holdings, Ltd. 144A sr. notes 7.00%, 4/15/28 | | | | $885,000 | 885,000 |
| Adient Global Holdings, Ltd. 144A sr. unsec. unsub. notes 8.25%, 4/15/31 | | | | 1,940,000 | 1,940,000 |
| Allison Transmission, Inc. 144A company guaranty sr. unsec. bonds 3.75%, 1/30/31 | | | | 3,430,000 | 2,846,900 |
| Allison Transmission, Inc. 144A company guaranty sr. unsec. notes 4.75%, 10/1/27 | | | | 460,000 | 426,624 |
| Amsted Industries, Inc. 144A sr. unsec. bonds 4.625%, 5/15/30 | | | | 1,660,000 | 1,461,962 |
| ARD Finance SA 144A sr. notes Ser. REGS, 6.50%, 6/30/27 (Ireland)(PIK) | | | | 870,223 | 711,564 |
| Ardagh Metal Packaging Finance USA, LLC/Ardagh Metal Packaging Finance PLC 144A sr. unsec. notes 4.00%, 9/1/29 | | | | 2,435,000 | 1,951,044 |
| Berry Global, Inc. 144A company guaranty notes 5.625%, 7/15/27 | | | | 2,290,000 | 2,204,125 |
| Bombardier, Inc. 144A sr. unsec. notes 7.875%, 4/15/27 (Canada) | | | | 1,276,000 | 1,268,101 |
| Bombardier, Inc. 144A sr. unsec. notes 7.125%, 6/15/26 (Canada) | | | | 1,315,000 | 1,291,245 |
| Chart Industries, Inc. 144A company guaranty sr. notes 7.50%, 1/1/30 | | | | 2,180,000 | 2,212,700 |
| Chart Industries, Inc. 144A company guaranty sr. unsec. notes 9.50%, 1/1/31 | | | | 290,000 | 303,050 |
| Clarios Global LP 144A company guaranty sr. notes 6.75%, 5/15/25 | | | | 2,511,000 | 2,496,265 |
| Clarios Global LP/Clarios US Finance Co. company guaranty sr. notes Ser. REGS, 4.375%, 5/15/26 | | | EUR | 1,335,000 | 1,328,677 |
| Clean Harbors, Inc. 144A company guaranty sr. unsec. unsub. notes 6.375%, 2/1/31 | | | | $1,015,000 | 1,007,777 |
| Covanta Holding Corp. 144A company guaranty sr. unsec. notes 4.875%, 12/1/29 | | | | 3,020,000 | 2,550,864 |
| GFL Environmental, Inc. 144A company guaranty sr. notes 3.50%, 9/1/28 (Canada) | | | | 1,555,000 | 1,358,681 |
| GFL Environmental, Inc. 144A company guaranty sr. unsec. notes 4.00%, 8/1/28 (Canada) | | | | 452,000 | 393,335 |
| GFL Environmental, Inc. 144A sr. notes 5.125%, 12/15/26 (Canada) | | | | 1,215,000 | 1,163,216 |
| Granite US Holdings Corp. 144A company guaranty sr. unsec. notes 11.00%, 10/1/27 | | | | 2,635,000 | 2,779,925 |
| Great Lakes Dredge & Dock Corp. 144A company guaranty sr. unsec. notes 5.25%, 6/1/29 | | | | 3,257,000 | 2,536,529 |
| Howmet Aerospace, Inc. sr. unsec. unsub. notes 3.00%, 1/15/29 | | | | 3,166,000 | 2,718,803 |
| Madison IAQ, LLC 144A sr. notes 4.125%, 6/30/28 | | | | 570,000 | 486,267 |
| Madison IAQ, LLC 144A sr. unsec. notes 5.875%, 6/30/29 | | | | 2,620,000 | 2,085,857 |
| MajorDrive Holdings IV, LLC 144A sr. unsec. notes 6.375%, 6/1/29 | | | | 3,675,000 | 2,840,326 |
| Roller Bearing Co. of America, Inc. 144A sr. notes 4.375%, 10/15/29 | | | | 3,195,000 | 2,761,598 |
| Sensata Technologies BV 144A company guaranty sr. unsec. notes 4.00%, 4/15/29 | | | | 4,610,000 | 4,065,882 |
| Sensata Technologies BV 144A company guaranty sr. unsec. unsub. notes 5.875%, 9/1/30 | | | | 1,810,000 | 1,716,261 |
| Staples, Inc. 144A sr. notes 7.50%, 4/15/26 | | | | 4,270,000 | 3,800,300 |
| Terex Corp. 144A company guaranty sr. unsec. notes 5.00%, 5/15/29 | | | | 1,120,000 | 1,028,261 |
| TransDigm, Inc. company guaranty sr. unsec. sub. notes 6.375%, 6/15/26 | | | | 1,380,000 | 1,338,364 |
| TransDigm, Inc. company guaranty sr. unsec. sub. notes 5.50%, 11/15/27 | | | | 164,000 | 151,009 |
| TransDigm, Inc. company guaranty sr. unsec. sub. notes 4.875%, 5/1/29 | | | | 2,655,000 | 2,276,864 |
| TransDigm, Inc. company guaranty sr. unsec. sub. notes 4.625%, 1/15/29 | | | | 1,595,000 | 1,370,906 |
| TransDigm, Inc. 144A company guaranty sr. notes 6.25%, 3/15/26 | | | | 3,173,000 | 3,130,945 |
| TransDigm, Inc. 144A sr. notes 6.75%, 8/15/28 | | | | 2,205,000 | 2,191,219 |
| Vertical Midco GMBH company guaranty sr. notes Ser. REGS, 4.375%, 7/15/27 (Germany) | | | EUR | 1,150,000 | 1,099,694 |
| Vertiv Group Corp. 144A company guaranty sr. notes 4.125%, 11/15/28 | | | | $4,380,000 | 3,805,300 |
| Waste Pro USA, Inc. 144A sr. unsec. notes 5.50%, 2/15/26 | | | | 2,513,000 | 2,297,586 |
| WESCO Distribution, Inc. 144A company guaranty sr. unsec. unsub. notes 7.25%, 6/15/28 | | | | 2,240,000 | 2,269,915 |
| | | | | |
|
| | | | | | 77,847,980 |
| Commercial and consumer services (2.8%) |
| ADT Security Corp. 144A sr. notes 4.125%, 8/1/29 | | | | 1,975,000 | 1,699,448 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp. 144A sr. unsec. notes 6.00%, 6/1/29 | | | | 1,240,000 | 923,767 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL 144A sr. notes 4.625%, 6/1/28 | | | | 1,570,000 | 1,305,690 |
| Block, Inc. sr. unsec. notes 3.50%, 6/1/31 | | | | 4,460,000 | 3,603,234 |
| Carriage Services, Inc. 144A company guaranty sr. unsec. notes 4.25%, 5/15/29 | | | | 1,627,000 | 1,308,011 |
| Garda World Security Corp. 144A sr. notes 7.75%, 2/15/28 (Canada) | | | | 495,000 | 485,100 |
| Garda World Security Corp. 144A sr. notes 4.625%, 2/15/27 (Canada) | | | | 1,045,000 | 925,521 |
| Garda World Security Corp. 144A sr. unsec. notes 6.00%, 6/1/29 (Canada) | | | | 420,000 | 342,300 |
| Gartner, Inc. 144A company guaranty sr. unsec. bonds 3.75%, 10/1/30 | | | | 2,465,000 | 2,086,991 |
| Gartner, Inc. 144A company guaranty sr. unsec. notes 3.625%, 6/15/29 | | | | 575,000 | 497,220 |
| GW B-CR Security Corp. 144A sr. unsec. notes 9.50%, 11/1/27 (Canada) | | | | 1,992,000 | 1,913,770 |
| Neptune Bidco US, Inc. 144A sr. notes 9.29%, 4/15/29 | | | | 3,295,000 | 3,115,093 |
| Prime Security Services Borrower, LLC/Prime Finance, Inc. 144A company guaranty sr. notes 3.375%, 8/31/27 | | | | 1,295,000 | 1,120,036 |
| Prime Security Services Borrower, LLC/Prime Finance, Inc. 144A notes 6.25%, 1/15/28 | | | | 2,245,000 | 2,082,462 |
| Sabre GLBL, Inc. 144A company guaranty sr. notes 9.25%, 4/15/25 | | | | 1,945,000 | 1,914,544 |
| Shift4 Payments, LLC/Shift4 Payments Finance Sub, Inc. 144A company guaranty sr. unsec. notes 4.625%, 11/1/26 | | | | 2,406,000 | 2,211,114 |
| | | | | |
|
| | | | | | 25,534,301 |
| Communication services (5.8%) |
| Altice Financing SA 144A company guaranty sr. notes 5.00%, 1/15/28 (Luxembourg) | | | | 1,515,000 | 1,257,268 |
| Altice France Holding SA 144A company guaranty sr. sub. notes 10.50%, 5/15/27 (France) | | | | 2,340,000 | 1,932,676 |
| Altice France Holding SA 144A company guaranty sr. unsec. notes 6.00%, 2/15/28 (France) | | | | 1,775,000 | 1,234,868 |
| Altice France SA 144A company guaranty sr. notes 5.50%, 10/15/29 (France) | | | | 1,505,000 | 1,177,277 |
| Altice France SA 144A company guaranty sr. notes 5.50%, 1/15/28 (France) | | | | 1,125,000 | 926,629 |
| Altice France SA 144A company guaranty sr. notes 5.125%, 7/15/29 (France) | | | | 1,870,000 | 1,448,427 |
| CCO Holdings, LLC/CCO Holdings Capital Corp. sr. unsec. bonds 4.50%, 5/1/32 | | | | 2,155,000 | 1,705,575 |
| CCO Holdings, LLC/CCO Holdings Capital Corp. 144A sr. unsec. bonds 5.375%, 6/1/29 | | | | 3,742,000 | 3,337,677 |
| CCO Holdings, LLC/CCO Holdings Capital Corp. 144A sr. unsec. bonds 4.75%, 3/1/30 | | | | 4,380,000 | 3,683,448 |
| CCO Holdings, LLC/CCO Holdings Capital Corp. 144A sr. unsec. notes 4.25%, 2/1/31 | | | | 2,101,000 | 1,686,473 |
| CSC Holdings, LLC 144A company guaranty sr. unsec. notes 5.375%, 2/1/28 | | | | 3,080,000 | 2,569,028 |
| DIRECTV Holdings, LLC/DIRECTV Financing Co., Inc. 144A sr. notes 5.875%, 8/15/27 | | | | 2,340,000 | 2,092,004 |
| DISH DBS Corp. company guaranty sr. unsec. notes 7.75%, 7/1/26 | | | | 1,040,000 | 807,300 |
| DISH DBS Corp. company guaranty sr. unsec. unsub. notes 5.125%, 6/1/29 | | | | 2,228,000 | 1,316,492 |
| DISH DBS Corp. 144A company guaranty sr. notes 5.75%, 12/1/28 | | | | 2,049,000 | 1,636,741 |
| DISH DBS Corp. 144A company guaranty sr. notes 5.25%, 12/1/26 | | | | 1,260,000 | 1,055,250 |
| Embarq Corp. sr. unsec. unsub. bonds 7.995%, 6/1/36 | | | | 3,425,000 | 1,474,138 |
| Frontier Communications Corp. 144A company guaranty sr. notes 5.875%, 10/15/27 | | | | 1,610,000 | 1,495,851 |
| Frontier Communications Corp. 144A notes 6.75%, 5/1/29 | | | | 5,020,000 | 4,217,779 |
| Frontier Communications Holdings, LLC 144A company guaranty sr. notes 8.75%, 5/15/30 | | | | 1,375,000 | 1,390,469 |
| Level 3 Financing, Inc. 144A company guaranty sr. unsec. notes 4.25%, 7/1/28 | | | | 1,824,000 | 1,244,880 |
| Lumen Technologies, Inc. 144A sr. unsec. unsub. notes 4.50%, 1/15/29 | | | | 1,635,000 | 864,098 |
| Sprint Capital Corp. company guaranty sr. unsec. unsub. notes 6.875%, 11/15/28 | | | | 4,408,000 | 4,621,788 |
| Sprint Corp. company guaranty sr. unsec. notes 7.625%, 3/1/26 | | | | 1,975,000 | 2,051,039 |
| T-Mobile USA, Inc. company guaranty sr. unsec. bonds 2.875%, 2/15/31 | | | | 2,755,000 | 2,285,543 |
| Virgin Media Finance PLC 144A sr. unsec. bonds 5.00%, 7/15/30 (United Kingdom) | | | | 2,080,000 | 1,695,200 |
| Vodafone Group PLC jr. unsec. sub. FRB 7.00%, 4/4/79 (United Kingdom) | | | | 440,000 | 431,330 |
| VZ Secured Financing BV 144A sr. notes 5.00%, 1/15/32 (Netherlands) | | | | 1,560,000 | 1,271,400 |
| Ziggo Bond Co. BV 144A sr. unsec. notes 6.00%, 1/15/27 (Netherlands) | | | | 2,215,000 | 2,048,875 |
| | | | | |
|
| | | | | | 52,959,523 |
| Conglomerates (—%) |
| General Electric Co. jr. unsec. sub. FRN (ICE LIBOR USD 3 Month + 3.33%), 8.099%, perpetual maturity | | | | 320,000 | 319,578 |
| | | | | |
|
| | | | | | 319,578 |
| Consumer (0.5%) |
| Scotts Miracle-Gro Co. (The) company guaranty sr. unsec. notes 4.50%, 10/15/29 | | | | 2,942,000 | 2,549,243 |
| Scotts Miracle-Gro Co. (The) company guaranty sr. unsec. unsub. bonds 4.375%, 2/1/32 | | | | 1,150,000 | 938,889 |
| Spectrum Brands, Inc. 144A company guaranty sr. unsec. bonds 5.00%, 10/1/29 | | | | 1,075,000 | 926,454 |
| Stanley Black & Decker, Inc. jr. unsec. sub. FRB 4.00%, 3/15/60 | | | | 200,000 | 172,250 |
| | | | | |
|
| | | | | | 4,586,836 |
| Consumer staples (5.3%) |
| 1011778 BC ULC/New Red Finance, Inc. 144A bonds 4.00%, 10/15/30 (Canada) | | | | 1,475,000 | 1,218,232 |
| 1011778 BC ULC/New Red Finance, Inc. 144A company guaranty notes 4.375%, 1/15/28 (Canada) | | | | 2,513,000 | 2,246,808 |
| 1011778 BC ULC/New Red Finance, Inc. 144A company guaranty sr. notes 3.875%, 1/15/28 (Canada) | | | | 3,205,000 | 2,860,463 |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons, LLC 144A company guaranty sr. unsec. notes 4.875%, 2/15/30 | | | | 675,000 | 605,696 |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons, LLC 144A company guaranty sr. unsec. notes 4.625%, 1/15/27 | | | | 1,570,000 | 1,475,800 |
| Albertsons Cos., LLC/Safeway, Inc./New Albertsons LP/Albertsons, LLC 144A company guaranty sr. unsec. notes 7.50%, 3/15/26 | | | | 2,130,000 | 2,167,407 |
| Aramark International Finance Sarl company guaranty sr. unsec. notes Ser. REGS, 3.125%, 4/1/25 | | | EUR | 1,800,000 | 1,825,363 |
| Aramark Services, Inc. 144A company guaranty sr. unsec. notes 5.00%, 2/1/28 | | | | $900,000 | 828,630 |
| CDW, LLC/CDW Finance Corp. company guaranty sr. unsec. notes 3.25%, 2/15/29 | | | | 2,275,000 | 1,916,815 |
| Fertitta Entertainment, LLC/Fertitta Entertainment Finance Co., Inc. 144A company guaranty sr. unsec. notes 6.75%, 1/15/30 | | | | 1,010,000 | 837,058 |
| Herc Holdings, Inc. 144A company guaranty sr. unsec. notes 5.50%, 7/15/27 | | | | 2,976,000 | 2,803,392 |
| IRB Holding Corp. 144A company guaranty sr. notes 7.00%, 6/15/25 | | | | 1,605,000 | 1,600,718 |
| KFC Holding Co./Pizza Hut Holdings, LLC/Taco Bell of America, LLC 144A company guaranty sr. unsec. notes 4.75%, 6/1/27 | | | | 875,000 | 831,250 |
| Lamb Weston Holdings, Inc. 144A company guaranty sr. unsec. notes 4.875%, 5/15/28 | | | | 1,640,000 | 1,545,648 |
| Lamb Weston Holdings, Inc. 144A company guaranty sr. unsec. notes 4.125%, 1/31/30 | | | | 2,840,000 | 2,492,357 |
| Match Group Holdings II, LLC 144A sr. unsec. bonds 5.00%, 12/15/27 | | | | 1,472,000 | 1,370,800 |
| Match Group Holdings II, LLC 144A sr. unsec. bonds 3.625%, 10/1/31 | | | | 935,000 | 731,638 |
| Match Group Holdings II, LLC 144A sr. unsec. notes 4.125%, 8/1/30 | | | | 621,000 | 514,795 |
| Match Group Holdings II, LLC 144A sr. unsec. unsub. notes 4.625%, 6/1/28 | | | | 2,130,000 | 1,891,986 |
| Millennium Escrow Corp. 144A sr. notes 6.625%, 8/1/26 | | | | 1,540,000 | 1,028,828 |
| Netflix, Inc. sr. unsec. notes 4.875%, 4/15/28 | | | | 975,000 | 945,233 |
| Netflix, Inc. sr. unsec. unsub. notes 5.875%, 11/15/28 | | | | 3,591,000 | 3,635,888 |
| Netflix, Inc. 144A sr. unsec. bonds 4.875%, 6/15/30 | | | | 514,000 | 493,440 |
| Newell Brands, Inc. sr. unsec. unsub. notes 4.45%, 4/1/26 | | | | 3,570,000 | 3,374,721 |
| PECF USS Intermediate Holding III Corp. 144A sr. unsec. notes 8.00%, 11/15/29 | | | | 3,295,000 | 2,316,173 |
| TripAdvisor, Inc. 144A company guaranty sr. unsec. notes 7.00%, 7/15/25 | | | | 2,218,000 | 2,220,977 |
| Yum! Brands, Inc. sr. unsec. bonds 5.375%, 4/1/32 | | | | 645,000 | 597,587 |
| Yum! Brands, Inc. sr. unsec. sub. bonds 3.625%, 3/15/31 | | | | 1,295,000 | 1,085,378 |
| Yum! Brands, Inc. 144A sr. unsec. bonds 4.75%, 1/15/30 | | | | 2,525,000 | 2,300,906 |
| | | | | |
|
| | | | | | 47,763,987 |
| Energy (oil field) (0.7%) |
| Nabors Industries, Inc. company guaranty sr. unsec. notes 5.75%, 2/1/25 | | | | 1,345,000 | 1,283,332 |
| Nabors Industries, Inc. 144A company guaranty sr. unsec. notes 7.375%, 5/15/27 | | | | 1,765,000 | 1,701,072 |
| USA Compression Partners LP/USA Compression Finance Corp. company guaranty sr. unsec. notes 6.875%, 4/1/26 | | | | 2,229,000 | 2,136,251 |
| USA Compression Partners LP/USA Compression Finance Corp. company guaranty sr. unsec. unsub. notes 6.875%, 9/1/27 | | | | 1,105,000 | 1,046,258 |
| | | | | |
|
| | | | | | 6,166,913 |
| Entertainment (1.4%) |
| AMC Entertainment Holdings, Inc. 144A company guaranty sr. notes 7.50%, 2/15/29 | | | | 970,000 | 581,292 |
| CDI Escrow Issuer, Inc. 144A sr. unsec. notes 5.75%, 4/1/30 | | | | 2,909,000 | 2,701,734 |
| Cinemark USA, Inc. 144A company guaranty sr. unsec. notes 5.875%, 3/15/26 | | | | 1,070,000 | 979,639 |
| Cinemark USA, Inc. 144A company guaranty sr. unsec. notes 5.25%, 7/15/28 | | | | 2,445,000 | 2,054,411 |
| Live Nation Entertainment, Inc. 144A company guaranty sr. unsec. sub. notes 5.625%, 3/15/26 | | | | 1,550,000 | 1,492,077 |
| Live Nation Entertainment, Inc. 144A sr. notes 6.50%, 5/15/27 | | | | 1,185,000 | 1,165,151 |
| NCL Corp., Ltd. 144A company guaranty sr. notes 5.875%, 2/15/27 | | | | 895,000 | 830,113 |
| NCL Corp., Ltd. 144A sr. unsec. unsub. notes 7.75%, 2/15/29 | | | | 675,000 | 585,563 |
| Royal Caribbean Cruises, Ltd. 144A company guaranty sr. unsec. unsub. notes 9.25%, 1/15/29 | | | | 1,970,000 | 2,089,638 |
| Royal Caribbean Cruises, Ltd. 144A sr. unsec. notes 5.50%, 8/31/26 | | | | 784,000 | 720,355 |
| | | | | |
|
| | | | | | 13,199,973 |
| Financials (8.6%) |
| Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer 144A sr. unsec. notes 6.75%, 10/15/27 | | | | 2,770,000 | 2,517,321 |
| Allstate Corp. (The) unsec. sub. FRB 5.75%, 8/15/53 | | | | 85,000 | 83,297 |
| Ally Financial, Inc. company guaranty sr. unsec. notes 8.00%, 11/1/31 | | | | 4,233,000 | 4,582,168 |
| Ally Financial, Inc. jr. unsec. sub. FRN 4.70%, perpetual maturity | | | | 600,000 | 470,190 |
| Ally Financial, Inc. jr. unsec. sub. FRN 4.70%, perpetual maturity | | | | 200,000 | 147,157 |
| American Express Co. jr. unsec. sub. FRN 3.55%, 9/15/26 | | | | 250,000 | 212,225 |
| Apollo Management Holdings LP 144A company guaranty unsec. sub. FRB 4.95%, 1/14/50 | | | | 1,000,000 | 862,500 |
| Ares Finance Co. III, LLC 144A company guaranty unsec. sub. FRB 4.125%, 6/30/51 | | | | 500,000 | 383,303 |
| Aretec Escrow Issuer, Inc. 144A sr. unsec. notes 7.50%, 4/1/29 | | | | 1,970,000 | 1,723,741 |
| Banco Bilbao Vizcaya Argentaria SA jr. unsec. sub. FRN 6.125%, perpetual maturity (Spain) | | | | 600,000 | 538,758 |
| Banco do Brasil SA/Cayman 144A jr. unsec. sub. FRN 9.00%, perpetual maturity (Brazil) | | | | 310,000 | 314,731 |
| Banco Santander SA jr. unsec. sub. FRN 7.50%, perpetual maturity (Spain) | | | | 600,000 | 587,040 |
| Bank of America Corp. jr. unsec. sub. FRN 4.375%, 1/27/27 | | | | 350,000 | 303,240 |
| Bank of America Corp. jr. unsec. sub. FRN Ser. AA, 6.10%, perpetual maturity | | | | 640,000 | 633,600 |
| Bank of America Corp. jr. unsec. sub. FRN Ser. Z, 6.50%, perpetual maturity | | | | 1,000,000 | 994,500 |
| Bank of Nova Scotia (The) jr. unsec. sub. FRB 8.625%, 10/27/82 (Canada) | | | | 300,000 | 317,036 |
| Bank of Nova Scotia (The) jr. unsec. sub. FRB 3.625%, 10/27/81 (Canada) | | | | 100,000 | 77,362 |
| Bank of Nova Scotia (The) jr. unsec. sub. FRN 4.90%, perpetual maturity (Canada) | | | | 320,000 | 306,943 |
| Barclays PLC jr. unsec. sub. FRN 8.00%, perpetual maturity (United Kingdom) | | | | 460,000 | 455,400 |
| Barclays PLC jr. unsec. sub. FRN 8.00%, perpetual maturity (United Kingdom) | | | | 200,000 | 196,040 |
| Barclays PLC jr. unsec. sub. FRN 6.125%, 8/12/50 (United Kingdom) | | | | 200,000 | 188,400 |
| BNP Paribas SA 144A jr. unsec. sub. FRN 7.75%, perpetual maturity (France) | | | | 200,000 | 203,750 |
| BNP Paribas SA 144A jr. unsec. sub. FRN 7.375%, perpetual maturity (France) | | | | 300,000 | 298,458 |
| Capital One Financial Corp. jr. unsec. sub. FRN 3.95%, perpetual maturity | | | | 250,000 | 210,975 |
| Citigroup, Inc. jr. unsec. sub. FRN 4.00%, perpetual maturity | | | | 690,000 | 631,350 |
| Citizens Financial Group, Inc. jr. unsec. sub. FRN 6.375%, perpetual maturity | | | | 320,000 | 306,997 |
| Cobra AcquisitionCo, LLC 144A company guaranty sr. unsec. notes 6.375%, 11/1/29 | | | | 2,346,000 | 1,493,269 |
| Coinbase Global, Inc. 144A company guaranty sr. unsec. unsub. bonds 3.625%, 10/1/31 | | | | 120,000 | 72,370 |
| Commerzbank AG FRB Ser. REGS, 7.00%, perpetual maturity (Germany) | | | EUR | 600,000 | 574,500 |
| Credit Agricole SA 144A jr. unsec. sub. FRN 7.875%, perpetual maturity (France) | | | | $200,000 | 199,580 |
| Credit Agricole SA 144A jr. unsec. sub. FRN 6.875%, perpetual maturity (France) | | | | 310,000 | 304,529 |
| Credit Agricole SA 144A jr. unsec. sub. FRN 4.75%, 9/23/29 (France) | | | | 250,000 | 205,600 |
| Credit Suisse Group AG 144A jr. unsec. sub. FRB 6.375%, perpetual maturity (Switzerland) | | | | 560,000 | 413,657 |
| Credit Suisse Group AG 144A jr. unsec. sub. FRN 7.50%, perpetual maturity (Switzerland) | | | | 250,000 | 227,320 |
| Deutsche Bank AG jr. unsec. sub. FRN 6.00%, perpetual maturity (Germany) | | | | 400,000 | 362,548 |
| Deutsche Bank AG/New York, NY unsec. sub. FRB 3.729%, 1/14/32 (Germany) | | | | 1,360,000 | 1,066,681 |
| Discover Financial Services jr. unsec. sub. FRN 6.125%, perpetual maturity | | | | 230,000 | 227,720 |
| Ford Motor Co. sr. unsec. unsub. notes 3.625%, 6/17/31 | | | | 1,380,000 | 1,093,276 |
| Ford Motor Co., LLC sr. unsec. unsub. notes 2.90%, 2/10/29 | | | | 700,000 | 569,793 |
| Ford Motor Credit Co., LLC sr. unsec. unsub. notes 2.90%, 2/16/28 | | | | 1,510,000 | 1,261,560 |
| Ford Motor Credit Co., LLC sr. unsec. unsub. notes 4.00%, 11/13/30 | | | | 4,499,000 | 3,749,692 |
| Freedom Mortgage Corp. 144A sr. unsec. notes 8.25%, 4/15/25 | | | | 849,000 | 804,269 |
| Freedom Mortgage Corp. 144A sr. unsec. notes 7.625%, 5/1/26 | | | | 1,490,000 | 1,271,931 |
| Freedom Mortgage Corp. 144A sr. unsec. notes 6.625%, 1/15/27 | | | | 1,640,000 | 1,335,878 |
| General Motors Financial Co., Inc. jr. unsec. sub. FRN 5.75%, perpetual maturity | | | | 570,000 | 519,498 |
| GLP Capital LP/GLP Financing II, Inc. company guaranty sr. unsec. notes 5.25%, 6/1/25(R) | | | | 820,000 | 802,786 |
| goeasy, Ltd. 144A company guaranty sr. unsec. notes 4.375%, 5/1/26 (Canada) | | | | 1,320,000 | 1,168,556 |
| Hartford Financial Services Group, Inc. (The) 144A jr. unsec. sub. FRB (ICE LIBOR USD 3 Month + 2.13%), 6.989%, 2/12/47 | | | | 550,000 | 482,625 |
| HSBC Holdings PLC jr. unsec. sub. FRB 8.00%, perpetual maturity (United Kingdom) | | | | 200,000 | 200,000 |
| HSBC Holdings PLC jr. unsec. sub. FRN 6.50%, perpetual maturity (United Kingdom) | | | | 540,000 | 506,250 |
| HUB International, Ltd. 144A sr. unsec. notes 7.00%, 5/1/26 | | | | 1,887,000 | 1,854,998 |
| Huntington Bancshares, Inc. jr. unsec. sub. FRN 4.45%, perpetual maturity | | | | 250,000 | 232,074 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. company guaranty sr. unsec. notes 6.25%, 5/15/26 | | | | 1,044,000 | 1,012,680 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. company guaranty sr. unsec. notes 5.25%, 5/15/27 | | | | 1,475,000 | 1,364,445 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. company guaranty sr. unsec. sub. notes 4.375%, 2/1/29 | | | | 2,640,000 | 2,280,175 |
| ING Groep NV jr. unsec. sub. FRN 5.75%, perpetual maturity (Netherlands) | | | | 540,000 | 500,445 |
| Intesa Sanpaolo SpA 144A company guaranty jr. unsec. sub. FRB 7.70%, perpetual maturity (Italy) | | | | 610,000 | 571,712 |
| Intesa Sanpaolo SpA 144A unsec. sub. bonds 4.198%, 6/1/32 (Italy) | | | | 425,000 | 320,216 |
| iStar, Inc. sr. unsec. notes 4.75%, 10/1/24(R) | | | | 988,000 | 986,152 |
| iStar, Inc. sr. unsec. notes 4.25%, 8/1/25(R) | | | | 810,000 | 805,918 |
| JPMorgan Chase & Co. jr. unsec. bonds 6.10%, perpetual maturity | | | | 800,000 | 795,500 |
| JPMorgan Chase & Co. jr. unsec. sub. FRN 3.65%, perpetual maturity | | | | 400,000 | 347,207 |
| JPMorgan Chase & Co. jr. unsec. sub. FRN Ser. R, 6.00%, perpetual maturity | | | | 1,000,000 | 997,230 |
| Ladder Capital Finance Holdings, LLLP/Ladder Capital Finance Corp. 144A company guaranty sr. unsec. notes 4.75%, 6/15/29(R) | | | | 2,932,000 | 2,384,224 |
| Ladder Capital Finance Holdings, LLLP/Ladder Capital Finance Corp. 144A sr. unsec. notes 4.25%, 2/1/27(R) | | | | 2,245,000 | 1,908,395 |
| Liberty Mutual Group, Inc. 144A company guaranty jr. unsec. sub. FRB 4.125%, 12/15/51 | | | | 300,000 | 250,281 |
| Lloyds Banking Group PLC jr. unsec. sub. FRN 7.50%, perpetual maturity (United Kingdom) | | | | 600,000 | 590,478 |
| LPL Holdings, Inc. 144A company guaranty sr. unsec. notes 4.00%, 3/15/29 | | | | 1,390,000 | 1,222,935 |
| M&T Bank Corp. jr. unsec. sub. FRN 3.50%, 9/1/26 | | | | 250,000 | 198,134 |
| MetLife, Inc. 144A jr. unsec. sub. bonds 9.25%, 4/8/38 | | | | 350,000 | 422,740 |
| Morgan Stanley jr. unsec. sub. FRN 5.875%, perpetual maturity | | | | 760,000 | 750,538 |
| Nationstar Mortgage Holdings, Inc. 144A company guaranty sr. unsec. notes 5.75%, 11/15/31 | | | | 2,415,000 | 1,894,374 |
| Nationstar Mortgage Holdings, Inc. 144A company guaranty sr. unsec. notes 5.50%, 8/15/28 | | | | 1,833,000 | 1,556,914 |
| OneMain Finance Corp. company guaranty sr. unsec. sub. notes 7.125%, 3/15/26 | | | | 1,250,000 | 1,215,138 |
| OneMain Finance Corp. company guaranty sr. unsec. sub. notes 6.625%, 1/15/28 | | | | 1,185,000 | 1,103,481 |
| OneMain Finance Corp. company guaranty sr. unsec. unsub. notes 5.375%, 11/15/29 | | | | 2,129,000 | 1,792,703 |
| PennyMac Financial Services, Inc. 144A company guaranty sr. unsec. notes 5.75%, 9/15/31 | | | | 1,055,000 | 840,565 |
| PennyMac Financial Services, Inc. 144A company guaranty sr. unsec. notes 5.375%, 10/15/25 | | | | 2,155,000 | 1,969,422 |
| PHH Mortgage Corp. 144A company guaranty sr. notes 7.875%, 3/15/26 | | | | 3,520,000 | 3,141,600 |
| PNC Financial Services Group, Inc. (The) jr. unsec. sub. FRB Ser. W, 6.25%, perpetual maturity | | | | 350,000 | 338,625 |
| PNC Financial Services Group, Inc. (The) jr. unsec. sub. FRN 6.20%, perpetual maturity | | | | 650,000 | 640,250 |
| Prudential Financial, Inc. jr. unsec. sub. FRB 5.125%, 3/1/52 | | | | 100,000 | 91,265 |
| Prudential Financial, Inc. jr. unsec. sub. FRB 3.70%, 10/1/50 | | | | 520,000 | 441,102 |
| Royal Bank of Scotland Group PLC jr. unsec. sub. FRB 8.00%, perpetual maturity (United Kingdom) | | | | 590,000 | 586,962 |
| Societe Generale SA 144A jr. unsec. sub. FRB 9.375%, 11/22/52 (France) | | | | 200,000 | 211,000 |
| Societe Generale SA 144A jr. unsec. sub. FRN 4.75%, perpetual maturity (France) | | | | 1,665,000 | 1,440,349 |
| Stichting AK Rabobank Certificaten jr. unsec. sub. FRN 6.50%, perpetual maturity (Netherlands) | | | EUR | 220,000 | 228,331 |
| Swiss Re Finance Luxembourg SA 144A company guaranty unsec. sub. FRB 5.00%, 4/2/49 (Luxembourg) | | | | $400,000 | 380,000 |
| Toronto-Dominion Bank (The) jr. sub. unsec. FRB 8.125%, 10/31/82 (Canada) | | | | 300,000 | 313,125 |
| Truist Financial Corp. jr. unsec. sub. FRN 5.125%, perpetual maturity | | | | 570,000 | 502,029 |
| U.S. Bancorp jr. sub. unsec. FRN 3.70%, perpetual maturity | | | | 650,000 | 546,813 |
| UBS Group Funding Switzerland AG company guaranty jr. unsec. sub. FRN Ser. REGS, 6.875%, perpetual maturity (Switzerland) | | | | 510,000 | 501,294 |
| USI, Inc./NY 144A sr. unsec. notes 6.875%, 5/1/25 | | | | 2,012,000 | 1,976,789 |
| Wells Fargo & Co. jr. unsec. sub. FRB Ser. U, 5.875%, perpetual maturity | | | | 470,000 | 466,240 |
| | | | | |
|
| | | | | | 78,435,218 |
| Gaming and lottery (3.1%) |
| Boyd Gaming Corp. company guaranty sr. unsec. notes 4.75%, 12/1/27 | | | | 2,150,000 | 2,015,625 |
| Boyd Gaming Corp. 144A sr. unsec. bonds 4.75%, 6/15/31 | | | | 2,250,000 | 1,986,699 |
| Caesars Entertainment, Inc. 144A sr. notes 7.00%, 2/15/30 | | | | 215,000 | 216,613 |
| Caesars Entertainment, Inc. 144A sr. unsec. notes 4.625%, 10/15/29 | | | | 815,000 | 697,070 |
| Caesars Resort Collection, LLC/CRC Finco, Inc. 144A company guaranty sr. notes 5.75%, 7/1/25 | | | | 4,190,000 | 4,183,003 |
| Everi Holdings, Inc. 144A company guaranty sr. unsec. notes 5.00%, 7/15/29 | | | | 2,132,000 | 1,875,122 |
| Penn Entertainment, Inc. 144A sr. unsec. notes 5.625%, 1/15/27 | | | | 3,019,000 | 2,799,726 |
| Scientific Games Holdings LP/Scientific Games US FinCo., Inc. 144A sr. unsec. notes 6.625%, 3/1/30 | | | | 1,390,000 | 1,222,412 |
| Scientific Games International, Inc. 144A company guaranty sr. unsec. notes 7.25%, 11/15/29 | | | | 3,545,000 | 3,482,963 |
| Scientific Games International, Inc. 144A sr. unsec. notes 7.00%, 5/15/28 | | | | 1,030,000 | 1,006,699 |
| Station Casinos, LLC 144A sr. unsec. bonds 4.625%, 12/1/31 | | | | 770,000 | 627,342 |
| Station Casinos, LLC 144A sr. unsec. notes 4.50%, 2/15/28 | | | | 3,105,000 | 2,742,336 |
| Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 144A company guaranty sr. unsec. sub. notes 5.25%, 5/15/27 | | | | 2,453,000 | 2,284,510 |
| Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp. 144A company guaranty sr. unsec. unsub. notes 7.125%, 2/15/31 | | | | 890,000 | 884,438 |
| Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp. 144A sr. unsec. bonds 5.125%, 10/1/29 | | | | 1,870,000 | 1,672,902 |
| | | | | |
|
| | | | | | 27,697,460 |
| Health care (7.8%) |
| 1375209 BC, Ltd. 144A sr. notes 9.00%, 1/30/28 (Canada) | | | | 252,000 | 251,617 |
| 180 Medical, Inc. 144A company guaranty sr. unsec. notes 3.875%, 10/15/29 | | | | 945,000 | 826,875 |
| Air Methods Corp. 144A sr. unsec. notes 8.00%, 5/15/25 | | | | 3,120,000 | 187,200 |
| Bausch Health Cos., Inc. 144A company guaranty sr. notes 6.125%, 2/1/27 | | | | 1,481,000 | 1,021,890 |
| Bausch Health Cos., Inc. 144A company guaranty sr. sub. notes 11.00%, 9/30/28 | | | | 447,000 | 349,767 |
| Bausch Health Cos., Inc. 144A company guaranty sub. notes 14.00%, 10/15/30 | | | | 89,000 | 56,360 |
| Bausch Health Cos., Inc. 144A sr. notes 4.875%, 6/1/28 | | | | 1,835,000 | 1,144,590 |
| Centene Corp. sr. unsec. bonds 3.00%, 10/15/30 | | | | 1,035,000 | 845,523 |
| Centene Corp. sr. unsec. notes 4.625%, 12/15/29 | | | | 1,895,000 | 1,732,964 |
| Centene Corp. sr. unsec. notes 3.375%, 2/15/30 | | | | 600,000 | 506,268 |
| Charles River Laboratories International, Inc. 144A company guaranty sr. unsec. notes 4.00%, 3/15/31 | | | | 2,230,000 | 1,901,075 |
| Charles River Laboratories International, Inc. 144A company guaranty sr. unsec. notes 3.75%, 3/15/29 | | | | 1,075,000 | 929,875 |
| CHS/Community Health Systems, Inc. 144A company guaranty sr. notes 8.00%, 3/15/26 | | | | 865,000 | 843,375 |
| CHS/Community Health Systems, Inc. 144A company guaranty sr. notes 6.00%, 1/15/29 | | | | 225,000 | 194,318 |
| CHS/Community Health Systems, Inc. 144A company guaranty sr. notes 5.625%, 3/15/27 | | | | 1,085,000 | 952,267 |
| CHS/Community Health Systems, Inc. 144A company guaranty sr. unsec. sub. notes 6.875%, 4/1/28 | | | | 1,675,000 | 1,137,375 |
| CHS/Community Health Systems, Inc. 144A jr. notes 6.875%, 4/15/29 | | | | 1,310,000 | 916,218 |
| CHS/Community Health Systems, Inc. 144A sr. notes 5.25%, 5/15/30 | | | | 1,010,000 | 808,121 |
| Elanco Animal Health, Inc. sr. unsec. notes Ser. WI, 6.65%, 8/28/28 | | | | 3,850,000 | 3,676,250 |
| HCA, Inc. company guaranty sr. unsec. notes 5.375%, 9/1/26 | | | | 2,325,000 | 2,291,288 |
| HCA, Inc. company guaranty sr. unsec. notes 3.50%, 9/1/30 | | | | 2,190,000 | 1,882,972 |
| Jazz Securities DAC 144A company guaranty sr. unsub. notes 4.375%, 1/15/29 (Ireland) | | | | 5,187,000 | 4,593,866 |
| Mallinckrodt International Finance SA/Mallinckrodt CB, LLC 144A company guaranty unsub. notes 10.00%, 4/15/25 (Luxembourg) | | | | 3,291,000 | 2,196,874 |
| Minerva Merger Sub, Inc. 144A sr. unsec. notes 6.50%, 2/15/30 | | | | 2,880,000 | 2,277,919 |
| Mozart Debt Merger Sub, Inc. 144A sr. notes 3.875%, 4/1/29 | | | | 4,090,000 | 3,408,913 |
| Mozart Debt Merger Sub, Inc. 144A sr. unsec. notes 5.25%, 10/1/29 | | | | 2,100,000 | 1,723,439 |
| Option Care Health, Inc. 144A company guaranty sr. unsec. notes 4.375%, 10/31/29 | | | | 675,000 | 578,522 |
| Organon Finance 1, LLC 144A sr. notes 4.125%, 4/30/28 | | | | 3,680,000 | 3,248,337 |
| Organon Finance 1, LLC 144A sr. unsec. notes 5.125%, 4/30/31 | | | | 985,000 | 836,019 |
| Owens & Minor, Inc. 144A company guaranty sr. unsec. notes 6.625%, 4/1/30 | | | | 1,560,000 | 1,283,100 |
| Owens & Minor, Inc. 144A sr. unsec. notes 4.50%, 3/31/29 | | | | 2,610,000 | 2,003,175 |
| Service Corp. International sr. unsec. bonds 5.125%, 6/1/29 | | | | 3,355,000 | 3,141,119 |
| Service Corp. International sr. unsec. notes 3.375%, 8/15/30 | | | | 1,850,000 | 1,503,125 |
| Service Corp. International sr. unsec. sub. notes 4.00%, 5/15/31 | | | | 1,315,000 | 1,110,925 |
| Tenet Healthcare Corp. company guaranty sr. notes 5.125%, 11/1/27 | | | | 3,325,000 | 3,125,932 |
| Tenet Healthcare Corp. company guaranty sr. notes 4.875%, 1/1/26 | | | | 2,365,000 | 2,252,394 |
| Tenet Healthcare Corp. company guaranty sr. notes 4.25%, 6/1/29 | | | | 1,885,000 | 1,650,695 |
| Tenet Healthcare Corp. 144A company guaranty sr. unsub. notes 6.125%, 6/15/30 | | | | 3,000,000 | 2,857,463 |
| Teva Pharmaceutical Finance Netherlands III BV company guaranty sr. unsec. notes 7.125%, 1/31/25 (Israel) | | | | 955,000 | 966,938 |
| Teva Pharmaceutical Finance Netherlands III BV company guaranty sr. unsec. notes 6.75%, 3/1/28 (Israel) | | | | 3,200,000 | 3,076,000 |
| Teva Pharmaceutical Finance Netherlands III BV company guaranty sr. unsec. notes 6.00%, 4/15/24 (Israel) | | | | 1,240,000 | 1,237,396 |
| Teva Pharmaceutical Finance Netherlands III BV company guaranty sr. unsec. unsub. notes 5.125%, 5/9/29 (Israel) | | | | 6,020,000 | 5,328,663 |
| | | | | |
|
| | | | | | 70,857,002 |
| Homebuilding (0.1%) |
| Realogy Group, LLC/Realogy Co-Issuer Corp. 144A company guaranty sr. unsec. notes 5.75%, 1/15/29 | | | | 1,790,000 | 1,285,202 |
| | | | | |
|
| | | | | | 1,285,202 |
| Lodging/Tourism (1.9%) |
| Carnival Corp. notes 10.125%, 2/1/26 | | | | 505,000 | 556,807 |
| Carnival Corp. 144A notes 10.50%, 2/1/26 | | | | 1,178,000 | 1,219,204 |
| Carnival Corp. 144A notes 9.875%, 8/1/27 | | | | 870,000 | 885,651 |
| Carnival Corp. 144A sr. unsec. notes 5.75%, 3/1/27 | | | | 2,695,000 | 2,217,015 |
| Full House Resorts, Inc. 144A company guaranty sr. notes 8.25%, 2/15/28 | | | | 2,883,000 | 2,767,469 |
| Hilton Domestic Operating Co., Inc. company guaranty sr. unsec. bonds 4.875%, 1/15/30 | | | | 3,259,000 | 2,990,133 |
| Hilton Worldwide Finance, LLC/Hilton Worldwide Finance Corp. company guaranty sr. unsec. notes 4.875%, 4/1/27 | | | | 3,430,000 | 3,270,779 |
| MGM Resorts International company guaranty sr. unsec. notes 6.00%, 3/15/23 | | | | 425,000 | 425,000 |
| SugarHouse HSP Gaming Prop. Mezz LP/SugarHouse HSP Gaming Finance Corp. 144A company guaranty sr. unsub. notes 5.875%, 5/15/25 | | | | 2,680,000 | 2,526,921 |
| | | | | |
|
| | | | | | 16,858,979 |
| Oil and gas (11.8%) |
| Antero Midstream Partners LP/Antero Midstream Finance Corp. 144A company guaranty sr. unsec. notes 7.875%, 5/15/26 | | | | 1,275,000 | 1,287,691 |
| Antero Resources Corp. 144A company guaranty sr. unsec. notes 7.625%, 2/1/29 | | | | 626,000 | 630,642 |
| Apache Corp. sr. unsec. unsub. notes 5.10%, 9/1/40 | | | | 1,236,000 | 1,017,006 |
| Apache Corp. sr. unsec. unsub. notes 4.375%, 10/15/28 | | | | 3,198,000 | 2,909,737 |
| BP Capital Markets PLC company guaranty unsec. sub. FRN 4.875%, perpetual maturity (United Kingdom) | | | | 490,000 | 449,009 |
| Callon Petroleum Co. 144A company guaranty sr. unsec. notes 8.00%, 8/1/28 | | | | 1,655,000 | 1,622,976 |
| Callon Petroleum Co. 144A company guaranty sr. unsec. notes 7.50%, 6/15/30 | | | | 3,356,000 | 3,151,653 |
| Centennial Resource Production, LLC 144A company guaranty sr. unsec. notes 6.875%, 4/1/27 | | | | 3,560,000 | 3,428,707 |
| Cheniere Energy Partners LP company guaranty sr. unsec. unsub. notes 4.00%, 3/1/31 | | | | 3,345,000 | 2,882,214 |
| Cheniere Energy Partners LP company guaranty sr. unsec. unsub. notes 3.25%, 1/31/32 | | | | 395,000 | 316,589 |
| Chord Energy Corp. 144A company guaranty sr. unsec. notes 6.375%, 6/1/26 | | | | 1,145,000 | 1,104,169 |
| Comstock Resources, Inc. 144A company guaranty sr. unsec. notes 5.875%, 1/15/30 | | | | 2,305,000 | 1,982,300 |
| Comstock Resources, Inc. 144A sr. unsec. notes 6.75%, 3/1/29 | | | | 852,000 | 783,840 |
| Continental Resources, Inc. 144A company guaranty sr. unsec. bonds 5.75%, 1/15/31 | | | | 2,083,000 | 1,971,685 |
| Continental Resources, Inc. 144A company guaranty sr. unsec. bonds 2.875%, 4/1/32 | | | | 153,000 | 115,684 |
| DCP Midstream Operating LP company guaranty sr. unsec. sub. notes 5.125%, 5/15/29 | | | | 610,000 | 587,169 |
| DCP Midstream Operating LP company guaranty sr. unsec. unsub. notes 5.375%, 7/15/25 | | | | 70,000 | 69,137 |
| DCP Midstream Operating LP 144A company guaranty sr. unsec. unsub. bonds 6.75%, 9/15/37 | | | | 2,638,000 | 2,768,212 |
| Encino Acquisition Partners Holdings, LLC 144A company guaranty sr. unsec. notes 8.50%, 5/1/28 | | | | 2,974,000 | 2,597,759 |
| Endeavor Energy Resources LP/EER Finance, Inc. 144A sr. unsec. bonds 5.75%, 1/30/28 | | | | 6,100,000 | 5,886,500 |
| EnLink Midstream Partners LP jr. unsec. sub. FRN (ICE LIBOR USD 3 Month + 4.11%), 8.879%, perpetual maturity | | | | 500,000 | 435,000 |
| EnLink Midstream, LLC 144A company guaranty sr. unsec. notes 5.625%, 1/15/28 | | | | 3,470,000 | 3,305,175 |
| EQT Corp. sr. unsec. notes 7.00%, 2/1/30 | | | | 1,325,000 | 1,367,599 |
| EQT Corp. sr. unsec. notes 5.00%, 1/15/29 | | | | 225,000 | 210,521 |
| Hess Midstream Operations LP 144A company guaranty sr. unsec. notes 5.50%, 10/15/30 | | | | 990,000 | 891,000 |
| Hess Midstream Operations LP 144A company guaranty sr. unsec. notes 5.125%, 6/15/28 | | | | 1,065,000 | 977,152 |
| Hess Midstream Operations LP 144A company guaranty sr. unsec. notes 4.25%, 2/15/30 | | | | 905,000 | 764,164 |
| Hess Midstream Operations LP 144A company guaranty sr. unsec. sub. notes 5.625%, 2/15/26 | | | | 2,456,000 | 2,390,106 |
| Holly Energy Partners LP/Holly Energy Finance Corp. 144A company guaranty sr. unsec. notes 5.00%, 2/1/28 | | | | 3,104,000 | 2,816,849 |
| Kinetik Holdings LP 144A company guaranty sr. unsec. notes 5.875%, 6/15/30 | | | | 2,355,000 | 2,176,514 |
| Nabors Industries, Ltd. 144A company guaranty sr. unsec. notes 7.25%, 1/15/26 | | | | 985,000 | 937,602 |
| Occidental Petroleum Corp. sr. unsec. bonds 6.625%, 9/1/30 | | | | 1,465,000 | 1,505,288 |
| Occidental Petroleum Corp. sr. unsec. bonds 6.125%, 1/1/31 | | | | 580,000 | 584,124 |
| Occidental Petroleum Corp. sr. unsec. sub. bonds 6.20%, 3/15/40 | | | | 6,844,000 | 6,672,900 |
| Occidental Petroleum Corp. sr. unsec. sub. notes 6.45%, 9/15/36 | | | | 5,843,000 | 5,872,215 |
| Occidental Petroleum Corp. sr. unsec. sub. notes 5.875%, 9/1/25 | | | | 607,000 | 607,000 |
| Ovintiv, Inc. company guaranty sr. unsec. bonds 6.50%, 8/15/34 | | | | 475,000 | 475,691 |
| Ovintiv, Inc. company guaranty sr. unsec. unsub. bonds 7.375%, 11/1/31 | | | | 1,701,000 | 1,816,493 |
| Ovintiv, Inc. company guaranty sr. unsec. unsub. bonds 6.625%, 8/15/37 | | | | 490,000 | 487,393 |
| Patterson-UTI Energy, Inc. sr. unsec. notes 3.95%, 2/1/28 | | | | 355,000 | 310,252 |
| Patterson-UTI Energy, Inc. sr. unsec. sub. notes 5.15%, 11/15/29 | | | | 3,095,000 | 2,750,818 |
| Permian Resources Operating LLC 144A company guaranty sr. unsec. notes 5.375%, 1/15/26 | | | | 2,930,000 | 2,760,639 |
| Precision Drilling Corp. 144A company guaranty sr. unsec. notes 7.125%, 1/15/26 (Canada) | | | | 3,745,000 | 3,684,518 |
| Precision Drilling Corp. 144A company guaranty sr. unsec. notes 6.875%, 1/15/29 (Canada) | | | | 520,000 | 468,832 |
| Rockcliff Energy II, LLC 144A sr. unsec. notes 5.50%, 10/15/29 | | | | 4,173,000 | 3,828,310 |
| SM Energy Co. sr. unsec. notes 6.625%, 1/15/27 | | | | 990,000 | 941,738 |
| SM Energy Co. sr. unsec. unsub. notes 6.75%, 9/15/26 | | | | 975,000 | 940,673 |
| SM Energy Co. sr. unsec. unsub. notes 6.50%, 7/15/28 | | | | 445,000 | 410,513 |
| SM Energy Co. sr. unsec. unsub. notes 5.625%, 6/1/25 | | | | 1,821,000 | 1,751,247 |
| Southwestern Energy Co. company guaranty sr. unsec. notes 5.375%, 3/15/30 | | | | 2,755,000 | 2,516,637 |
| Southwestern Energy Co. company guaranty sr. unsec. notes 5.375%, 2/1/29 | | | | 4,030,000 | 3,769,692 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. 144A company guaranty sr. unsec. notes 6.00%, 12/31/30 | | | | 1,615,000 | 1,388,900 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. 144A company guaranty sr. unsec. notes 5.50%, 1/15/28 | | | | 2,529,000 | 2,276,100 |
| Transcanada Trust company guaranty jr. unsec. sub. FRB 5.50%, 9/15/79 (Canada) | | | | 320,000 | 282,192 |
| Transocean Poseidon, Ltd. 144A company guaranty sr. notes 6.875%, 2/1/27 | | | | 1,492,563 | 1,449,651 |
| Transocean Titan Financing, Ltd. 144A company guaranty sr. notes 8.375%, 2/1/28 (Cayman Islands) | | | | 700,000 | 714,490 |
| Transocean, Inc. 144A company guaranty sr. notes 8.75%, 2/15/30 | | | | 770,000 | 783,475 |
| Transocean, Inc. 144A company guaranty sr. unsec. notes 11.50%, 1/30/27 | | | | 1,500,000 | 1,541,250 |
| Venture Global Calcasieu Pass, LLC 144A company guaranty sr. bonds 3.875%, 11/1/33 | | | | 2,755,000 | 2,246,427 |
| Venture Global Calcasieu Pass, LLC 144A company guaranty sr. notes 6.25%, 1/15/30 | | | | 395,000 | 389,569 |
| Venture Global Calcasieu Pass, LLC 144A company guaranty sr. notes 3.875%, 8/15/29 | | | | 720,000 | 621,000 |
| Viper Energy Partners LP 144A company guaranty sr. unsec. notes 5.375%, 11/1/27 | | | | 965,000 | 917,522 |
| | | | | |
|
| | | | | | 106,599,910 |
| Publishing (1.3%) |
| Cengage Learning, Inc. 144A sr. unsec. unsub. notes 9.50%, 6/15/24 | | | | 2,740,000 | 2,671,500 |
| McGraw-Hill Education, Inc. 144A sr. notes 5.75%, 8/1/28 | | | | 3,565,000 | 3,122,254 |
| McGraw-Hill Education, Inc. 144A sr. unsec. notes 8.00%, 8/1/29 | | | | 2,930,000 | 2,504,271 |
| News Corp. 144A company guaranty sr. unsec. unsub. bonds 5.125%, 2/15/32 | | | | 265,000 | 235,176 |
| News Corp. 144A sr. unsec. notes 3.875%, 5/15/29 | | | | 3,455,000 | 2,960,762 |
| | | | | |
|
| | | | | | 11,493,963 |
| Retail (1.5%) |
| Asbury Automotive Group, Inc. 144A company guaranty sr. unsec. bonds 5.00%, 2/15/32 | | | | 230,000 | 196,007 |
| Asbury Automotive Group, Inc. 144A company guaranty sr. unsec. notes 4.625%, 11/15/29 | | | | 455,000 | 395,654 |
| Bath & Body Works, Inc. company guaranty sr. unsec. bonds 6.75%, perpetual maturity | | | | 1,186,000 | 1,018,478 |
| Bath & Body Works, Inc. company guaranty sr. unsec. notes 7.50%, perpetual maturity | | | | 1,637,000 | 1,642,991 |
| Bath & Body Works, Inc. 144A company guaranty sr. unsec. notes 9.375%, 7/1/25 | | | | 277,000 | 292,928 |
| Bath & Body Works, Inc. 144A company guaranty sr. unsec. unsub. bonds 6.625%, 10/1/30 | | | | 1,595,000 | 1,510,832 |
| Macy's Retail Holdings, LLC 144A company guaranty sr. unsec. unsub. bonds 6.125%, 3/15/32 | | | | 965,000 | 829,900 |
| Macy's Retail Holdings, LLC 144A company guaranty sr. unsec. unsub. notes 5.875%, 3/15/30 | | | | 945,000 | 832,989 |
| Michaels Cos., Inc. (The) 144A sr. unsec. notes 7.875%, 5/1/29 | | | | 925,000 | 696,063 |
| PetSmart, Inc./PetSmart Finance Corp. 144A company guaranty sr. notes 4.75%, 2/15/28 | | | | 2,150,000 | 1,956,942 |
| PetSmart, Inc./PetSmart Finance Corp. 144A company guaranty sr. unsec. notes 7.75%, 2/15/29 | | | | 1,815,000 | 1,770,533 |
| Victoria's Secret & Co. 144A sr. unsec. notes 4.625%, 7/15/29 | | | | 2,935,000 | 2,384,688 |
| | | | | |
|
| | | | | | 13,528,005 |
| Technology (4.8%) |
| Arches Buyer, Inc. 144A sr. notes 4.25%, 6/1/28 | | | | 4,358,000 | 3,587,418 |
| Arches Buyer, Inc. 144A sr. unsec. notes 6.125%, 12/1/28 | | | | 1,100,000 | 905,476 |
| Boxer Parent Co., Inc. 144A company guaranty sr. notes 7.125%, 10/2/25 | | | | 1,225,000 | 1,213,393 |
| Central Parent, Inc./CDK Global, Inc. 144A company guaranty sr. notes 7.25%, 6/15/29 | | | | 1,300,000 | 1,271,167 |
| Clarivate Science Holdings Corp. 144A sr. unsec. notes 4.875%, 7/1/29 | | | | 2,535,000 | 2,190,240 |
| CommScope Finance, LLC 144A sr. notes 6.00%, 3/1/26 | | | | 1,100,000 | 1,059,919 |
| CommScope Technologies, LLC 144A company guaranty sr. unsec. notes 6.00%, 6/15/25 | | | | 804,000 | 770,528 |
| CommScope, Inc. 144A company guaranty sr. unsec. notes 8.25%, 3/1/27 | | | | 1,654,000 | 1,405,900 |
| Crowdstrike Holdings, Inc. company guaranty sr. unsec. notes 3.00%, 2/15/29 | | | | 3,824,000 | 3,220,838 |
| Imola Merger Corp. 144A sr. notes 4.75%, 5/15/29 | | | | 5,227,000 | 4,445,668 |
| MSCI, Inc. 144A company guaranty sr. unsec. notes 3.625%, 9/1/30 | | | | 1,675,000 | 1,423,918 |
| NCR Corp. 144A company guaranty sr. unsec. sub. notes 5.125%, 4/15/29 | | | | 3,035,000 | 2,591,957 |
| NortonLifeLock, Inc. 144A company guaranty sr. unsec. unsub. notes 6.75%, 9/30/27 | | | | 939,000 | 920,220 |
| ON Semiconductor Corp. 144A company guaranty sr. unsec. notes 3.875%, 9/1/28 | | | | 1,095,000 | 962,330 |
| Picard Midco, Inc. 144A sr. notes. 6.50%, 3/31/29 | | | | 3,537,000 | 3,063,962 |
| Rocket Software, Inc. 144A sr. unsec. notes 6.50%, 2/15/29 | | | | 4,085,000 | 3,329,275 |
| TTM Technologies, Inc. 144A company guaranty sr. unsec. notes 4.00%, 3/1/29 | | | | 2,571,000 | 2,127,503 |
| Twilio, Inc. company guaranty sr. unsec. notes 3.875%, 3/15/31 | | | | 2,195,000 | 1,797,156 |
| Twilio, Inc. company guaranty sr. unsec. notes 3.625%, 3/15/29 | | | | 2,785,000 | 2,339,556 |
| ZoomInfo Technologies, LLC/ZoomInfo Finance Corp. 144A company guaranty sr. unsec. notes 3.875%, 2/1/29 | | | | 6,345,000 | 5,274,113 |
| | | | | |
|
| | | | | | 43,900,537 |
| Textiles (0.8%) |
| Hanesbrands, Inc. 144A company guaranty sr. unsec. unsub. notes 9.00%, perpetual maturity | | | | 945,000 | 954,450 |
| Hanesbrands, Inc. 144A company guaranty sr. unsec. unsub. notes 4.875%, 5/15/26 | | | | 1,155,000 | 1,066,625 |
| Kontoor Brands, Inc. 144A company guaranty sr. unsec. notes 4.125%, 11/15/29 | | | | 2,790,000 | 2,371,500 |
| Levi Strauss & Co. 144A sr. unsec. sub. bonds 3.50%, 3/1/31 | | | | 3,810,000 | 3,114,675 |
| | | | | |
|
| | | | | | 7,507,250 |
| Toys (0.3%) |
| Mattel, Inc. 144A company guaranty sr. unsec. notes 3.75%, 4/1/29 | | | | 2,280,000 | 1,972,200 |
| Mattel, Inc. 144A company guaranty sr. unsec. notes 3.375%, 4/1/26 | | | | 460,000 | 422,050 |
| | | | | |
|
| | | | | | 2,394,250 |
| Transportation (1.4%) |
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd. 144A company guaranty sr. notes 5.75%, 4/20/29 | | | | 2,255,000 | 2,144,765 |
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd. 144A company guaranty sr. notes 5.50%, 4/20/26 | | | | 2,255,000 | 2,194,675 |
| Delta Air Lines, Inc./SkyMiles IP, Ltd. 144A company guaranty sr. notes 4.75%, 10/20/28 | | | | 2,289,000 | 2,173,900 |
| United Airlines, Inc. 144A company guaranty sr. notes 4.625%, 4/15/29 | | | | 890,000 | 789,017 |
| United Airlines, Inc. 144A company guaranty sr. notes 4.375%, 4/15/26 | | | | 890,000 | 837,650 |
| Watco Cos., LLC/Watco Finance Corp. 144A sr. unsec. notes 6.50%, 6/15/27 | | | | 4,725,000 | 4,320,054 |
| | | | | |
|
| | | | | | 12,460,061 |
| Utilities and power (2.4%) |
| Buckeye Partners LP sr. unsec. bonds 5.85%, 11/15/43 | | | | 1,088,000 | 804,772 |
| Buckeye Partners LP sr. unsec. notes 3.95%, 12/1/26 | | | | 922,000 | 815,245 |
| Calpine Corp. 144A company guaranty sr. notes 4.50%, 2/15/28 | | | | 3,345,000 | 3,011,579 |
| Calpine Corp. 144A sr. unsec. notes 5.00%, 2/1/31 | | | | 455,000 | 374,389 |
| Calpine Corp. 144A sr. unsec. notes 4.625%, 2/1/29 | | | | 225,000 | 189,906 |
| CenterPoint Energy, Inc. jr. unsec. sub. FRN 6.125%, perpetual maturity | | | | 330,000 | 323,958 |
| Dominion Energy, Inc. jr. unsec. sub. FRN 4.65%, perpetual maturity | | | | 320,000 | 295,200 |
| Duke Energy Corp. jr. unsec. sub. FRB 3.25%, 1/15/82 | | | | 350,000 | 276,360 |
| Electricite De France SA 144A jr. unsec. sub. FRN 5.625%, perpetual maturity (France) | | | | 240,000 | 233,378 |
| Emera, Inc. jr. unsec. sub. FRB 6.75%, 6/15/76 (Canada) | | | | 450,000 | 431,761 |
| Enbridge, Inc. unsec. sub. FRB 6.00%, 1/15/77 (Canada) | | | | 320,000 | 305,311 |
| Energy Transfer LP jr. unsec. sub. FRN 6.625%, perpetual maturity | | | | 6,820,000 | 5,564,767 |
| Energy Transfer LP jr. unsec. sub. FRN 6.50%, perpetual maturity | | | | 200,000 | 184,344 |
| NextEra Energy Capital Holdings, Inc. company guaranty jr. unsec. sub. FRB 5.65%, 5/1/79 | | | | 450,000 | 416,250 |
| NextEra Energy Capital Holdings, Inc. company guaranty jr. unsec. sub. FRB 3.80%, 3/15/82 | | | | 250,000 | 213,641 |
| NiSource, Inc. jr. unsec. sub. FRN 5.65%, perpetual maturity | | | | 500,000 | 484,688 |
| NRG Energy, Inc. 144A company guaranty sr. unsec. bonds 3.875%, 2/15/32 | | | | 2,148,000 | 1,665,860 |
| Pacific Gas and Electric Co. company guaranty sr. unsec. unsub. notes 2.95%, 3/1/26 | | | | 1,128,000 | 1,036,093 |
| Southern Co. (The) jr. unsec. sub. FRB 3.75%, 9/15/51 | | | | 500,000 | 426,031 |
| Vistra Corp. 144A jr. unsec. sub. FRN 8.00%, 10/15/51 | | | | 100,000 | 96,000 |
| Vistra Corp. 144A jr. unsec. sub. FRN 7.00%, perpetual maturity | | | | 925,000 | 865,180 |
| Vistra Operations Co., LLC 144A company guaranty sr. unsec. notes 5.50%, 9/1/26 | | | | 2,590,000 | 2,473,692 |
| Vistra Operations Co., LLC 144A company guaranty sr. unsec. sub. notes 5.00%, 7/31/27 | | | | 1,430,000 | 1,328,406 |
| | | | | |
|
| | | | | | 21,816,811 |
| | | | | |
|
| Total corporate bonds and notes (cost $874,200,668) | $775,935,127 |