Loomis Sayles Funds I NPORT-P Loomis Sayles High Income Opportunities Fund (Jun 2023 report)

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

Loomis Sayles High Income Opportunities Fund

Principal Amount		Description	Value (†)
	Bonds and Notes – 89.4% of Net Assets
	Non-Convertible Bonds – 85.2%
		ABS Car Loan – 0.6%
	$   297,000	Hertz Vehicle Financing III LLC, Series 2022-1A, Class D, 4.850%, 6/25/2026, 144A	$	274,538
	325,000	Hertz Vehicle Financing III LLC, Series 2022-3A, Class D, 6.310%, 3/25/2025, 144A		320,204
	260,000	Hertz Vehicle Financing III LLC, Series 2023-2A, Class D, 9.400%, 9/25/2029, 144A		262,165
	290,000	Hertz Vehicle Financing LLC, Series 2022-4A, Class D, 6.560%, 9/25/2026, 144A		274,396
	150,000	Prestige Auto Receivables Trust, Series 2019-1A, Class E, 3.900%, 5/15/2026, 144A		148,437
				1,279,740
		ABS Home Equity – 0.2%
	89,762	DSLA Mortgage Loan Trust, Series 2005-AR5, Class 2A1A, 1 mo. USD LIBOR + 0.660%, 5.817%, 9/19/2045(a)		51,382
	472,496	PRPM LLC, Series 2022-5, Class A1, 6.900%, 9/27/2027, 144A(b)		464,842
				516,224
		Aerospace & Defense – 1.4%
	310,000	Bombardier, Inc., 6.000%, 2/15/2028, 144A		292,982
	1,335,000	Bombardier, Inc., 7.125%, 6/15/2026, 144A		1,326,006
	70,000	Moog, Inc., 4.250%, 12/15/2027, 144A		64,777
	95,000	TransDigm, Inc., 5.500%, 11/15/2027		89,604
	470,000	TransDigm, Inc., 6.250%, 3/15/2026, 144A		467,703
	625,000	TransDigm, Inc., 6.750%, 8/15/2028, 144A		627,369
				2,868,441
		Airlines – 1.2%
	295,000	Allegiant Travel Co., 7.250%, 8/15/2027, 144A		293,912
	2,350,000	American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.750%, 4/20/2029, 144A		2,281,800
				2,575,712
		Automotive – 3.5%
	45,000	Allison Transmission, Inc., 4.750%, 10/01/2027, 144A		42,405
	55,000	Ford Motor Co., 3.250%, 2/12/2032		43,268
	1,645,000	Ford Motor Credit Co. LLC, 2.300%, 2/10/2025		1,537,730

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Automotive – continued
	$   800,000	Ford Motor Credit Co. LLC, 3.375%, 11/13/2025	$	743,900
	200,000	Ford Motor Credit Co. LLC, 4.542%, 8/01/2026		187,999
	795,000	Ford Motor Credit Co. LLC, 6.950%, 6/10/2026		798,919
	400,000	Ford Motor Credit Co. LLC, GMTN, 4.389%, 1/08/2026		378,561
	810,000	General Motors Financial Co., Inc., Series A, (fixed rate to 9/30/2027, variable rate thereafter), 5.750%(c)		659,137
	485,000	General Motors Financial Co., Inc., Series B, (fixed rate to 9/30/2028, variable rate thereafter), 6.500%(c)		414,492
	545,000	General Motors Financial Co., Inc., Series C, (fixed rate to 9/30/2030, variable rate thereafter), 5.700%(c)		478,425
	125,000	Goodyear Tire & Rubber Co., 7.000%, 3/15/2028		125,194
	200,000	Jaguar Land Rover Automotive PLC, 5.500%, 7/15/2029, 144A		170,643
	220,000	Jaguar Land Rover Automotive PLC, 5.875%, 1/15/2028, 144A		203,046
	445,000	Nissan Motor Acceptance Co. LLC, 1.850%, 9/16/2026, 144A		377,520
	600,000	Nissan Motor Co. Ltd., 4.345%, 9/17/2027, 144A		545,703
	140,000	Real Hero Merger Sub 2, Inc., 6.250%, 2/01/2029, 144A		114,800
	190,000	Wheel Pros, Inc., 6.500%, 5/15/2029, 144A		57,266
	155,000	ZF North America Capital, Inc., 6.875%, 4/14/2028, 144A		157,229
	155,000	ZF North America Capital, Inc., 7.125%, 4/14/2030, 144A		157,840
				7,194,077
		Banking – 2.7%
	665,000	Barclays PLC, (fixed rate to 6/27/2033, variable rate thereafter), 7.119%, 6/27/2034		664,735
	270,000	Barclays PLC, (fixed rate to 9/23/2030, variable rate thereafter), 3.564%, 9/23/2035		213,654
	1,235,000	Deutsche Bank AG, (fixed rate to 12/01/2027, variable rate thereafter), 4.875%, 12/01/2032		1,042,819
	1,150,000	Intesa Sanpaolo SpA, 6.625%, 6/20/2033, 144A		1,145,780
	255,000	UBS Group AG, (fixed rate to 11/15/2032, variable rate thereafter), 9.016%, 11/15/2033, 144A		305,653
	250,000	UBS Group AG, (fixed rate to 6/05/2025, variable rate thereafter), 2.193%, 6/05/2026, 144A		229,242
	785,000	UBS Group AG, (fixed rate to 7/15/2025, variable rate thereafter), 6.373%, 7/15/2026, 144A		780,042

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Banking – continued
	$   500,000	UBS Group AG, (fixed rate to 8/12/2032, variable rate thereafter), 6.537%, 8/12/2033, 144A	$	511,715
	960,000	UniCredit SpA, (fixed rate to 6/30/2030, variable rate thereafter), 5.459%, 6/30/2035, 144A		814,703
				5,708,343
		Brokerage – 0.2%
	180,000	Coinbase Global, Inc., 3.375%, 10/01/2028, 144A		120,392
	140,000	Coinbase Global, Inc., 3.625%, 10/01/2031, 144A		82,717
	290,000	Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.000%, 8/15/2028, 144A		237,746
				440,855
		Building Materials – 2.5%
	300,000	Advanced Drainage Systems, Inc., 6.375%, 6/15/2030, 144A		296,781
	265,000	Builders FirstSource, Inc., 4.250%, 2/01/2032, 144A		230,589
	315,000	Builders FirstSource, Inc., 5.000%, 3/01/2030, 144A		294,530
	210,000	Camelot Return Merger Sub, Inc., 8.750%, 8/01/2028, 144A		198,449
	1,950,000	Cemex SAB de CV, 3.875%, 7/11/2031, 144A		1,641,714
	320,000	Cemex SAB de CV, (fixed rate to 6/08/2026, variable rate thereafter), 5.125%, 144A(c)		284,782
	265,000	Cornerstone Building Brands, Inc., 6.125%, 1/15/2029, 144A		209,350
	575,000	Foundation Building Materials, Inc., 6.000%, 3/01/2029, 144A		480,125
	395,000	LBM Acquisition LLC, 6.250%, 1/15/2029, 144A		326,764
	255,000	MIWD Holdco II LLC/MIWD Finance Corp., 5.500%, 2/01/2030, 144A		210,375
	275,000	Patrick Industries, Inc., 4.750%, 5/01/2029, 144A		236,192
	240,000	Specialty Building Products Holdings LLC/SBP Finance Corp., 6.375%, 9/30/2026, 144A		226,753
	225,000	Standard Industries, Inc., 4.375%, 7/15/2030, 144A		194,872
	100,000	Summit Materials LLC/Summit Materials Finance Corp., 5.250%, 1/15/2029, 144A		94,477
	355,000	Victors Merger Corp., 6.375%, 5/15/2029, 144A		241,400
				5,167,153
		Cable Satellite – 7.8%
	665,000	Altice Financing SA, 5.000%, 1/15/2028, 144A		531,444

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Cable Satellite – continued
	$     95,000	Block Communications, Inc., 4.875%, 3/01/2028, 144A	$	78,613
	295,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 2/01/2031, 144A		238,316
	800,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.250%, 1/15/2034, 144A		604,614
	2,155,000	CCO Holdings LLC/CCO Holdings Capital Corp., 4.750%, 3/01/2030, 144A		1,842,705
	2,220,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.000%, 2/01/2028, 144A		2,022,620
	655,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/01/2027, 144A		609,965
	95,000	CCO Holdings LLC/CCO Holdings Capital Corp., 5.500%, 5/01/2026, 144A		92,628
	400,000	CSC Holdings LLC, 3.375%, 2/15/2031, 144A		270,756
	200,000	CSC Holdings LLC, 4.500%, 11/15/2031, 144A		139,443
	6,090,000	CSC Holdings LLC, 4.625%, 12/01/2030, 144A		2,709,667
	585,000	CSC Holdings LLC, 5.000%, 11/15/2031, 144A		272,439
	400,000	CSC Holdings LLC, 5.750%, 1/15/2030, 144A		188,868
	280,000	CSC Holdings LLC, 6.500%, 2/01/2029, 144A		226,250
	1,250,000	Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.875%, 8/15/2027, 144A		1,132,044
	2,140,000	DISH DBS Corp., 5.125%, 6/01/2029		993,701
	705,000	DISH DBS Corp., 5.250%, 12/01/2026, 144A		565,532
	555,000	DISH DBS Corp., 5.750%, 12/01/2028, 144A		412,800
	175,000	DISH DBS Corp., 7.375%, 7/01/2028		93,625
	1,355,000	DISH DBS Corp., 7.750%, 7/01/2026		830,568
	480,000	Radiate Holdco LLC/Radiate Finance, Inc., 6.500%, 9/15/2028, 144A		280,111
	360,000	Sirius XM Radio, Inc., 3.875%, 9/01/2031, 144A		278,385
	275,000	Telesat Canada/Telesat LLC, 5.625%, 12/06/2026, 144A		169,711
	690,000	UPC Broadband Finco BV, 4.875%, 7/15/2031, 144A		567,932
	260,000	Viasat, Inc., 6.500%, 7/15/2028, 144A		220,350
	755,000	Virgin Media Secured Finance PLC, 5.500%, 5/15/2029, 144A		682,938

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Cable Satellite – continued
	$   305,000	Ziggo Bond Co. BV, 6.000%, 1/15/2027, 144A	$	279,935
				16,335,960
		Chemicals – 1.1%
	80,000	Ashland, Inc., 3.375%, 9/01/2031, 144A		63,899
	560,000	ASP Unifrax Holdings, Inc., 5.250%, 9/30/2028, 144A		404,281
	360,000	Chemours Co., 4.625%, 11/15/2029, 144A		304,242
	150,000	Consolidated Energy Finance SA, 5.625%, 10/15/2028, 144A		127,530
	805,000	Hercules LLC, 6.500%, 6/30/2029		745,744
	200,000	INEOS Quattro Finance 2 PLC, 3.375%, 1/15/2026, 144A		182,510
	205,000	Olympus Water U.S. Holding Corp., 4.250%, 10/01/2028, 144A		162,062
	305,000	Olympus Water U.S. Holding Corp., 9.750%, 11/15/2028, 144A		297,466
	40,000	WR Grace Holdings LLC, 5.625%, 8/15/2029, 144A		32,772
				2,320,506
		Consumer Cyclical Services – 2.7%
	1,120,000	ADT Security Corp., 4.125%, 8/01/2029, 144A		967,400
	260,000	ANGI Group LLC, 3.875%, 8/15/2028, 144A		212,292
	230,000	Arches Buyer, Inc., 4.250%, 6/01/2028, 144A		200,144
	110,000	Arches Buyer, Inc., 6.125%, 12/01/2028, 144A		94,803
	70,000	Match Group Holdings II LLC, 3.625%, 10/01/2031, 144A		57,536
	210,000	Match Group Holdings II LLC, 5.000%, 12/15/2027, 144A		194,757
	55,000	Prime Security Services Borrower LLC/Prime Finance, Inc., 3.375%, 8/31/2027, 144A		48,509
	90,000	Realogy Group LLC/Realogy Co-Issuer Corp., 5.250%, 4/15/2030, 144A		63,962
	545,000	Realogy Group LLC/Realogy Co-Issuer Corp., 5.750%, 1/15/2029, 144A		407,776
	760,000	Uber Technologies, Inc., 4.500%, 8/15/2029, 144A		699,503
	715,000	Uber Technologies, Inc., 6.250%, 1/15/2028, 144A		711,468
	1,080,000	Uber Technologies, Inc., 7.500%, 9/15/2027, 144A		1,104,681

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Consumer Cyclical Services – continued
	$   940,000	Uber Technologies, Inc., 8.000%, 11/01/2026, 144A	$	957,965
				5,720,796
		Consumer Products – 1.0%
	240,000	Coty, Inc., 5.000%, 4/15/2026, 144A		229,997
	255,000	Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 4.750%, 1/15/2029, 144A		235,110
	815,000	Energizer Holdings, Inc., 4.375%, 3/31/2029, 144A		702,285
	410,000	Mattel, Inc., 3.750%, 4/01/2029, 144A		360,731
	510,000	Newell Brands, Inc., 4.700%, 4/01/2026		479,069
	140,000	Prestige Brands, Inc., 3.750%, 4/01/2031, 144A		115,905
				2,123,097
		Diversified Manufacturing – 0.5%
	215,000	Chart Industries, Inc., 7.500%, 1/01/2030, 144A		219,355
	285,000	Madison IAQ LLC, 5.875%, 6/30/2029, 144A		230,824
	640,000	Resideo Funding, Inc., 4.000%, 9/01/2029, 144A		530,944
				981,123
		Electric – 1.7%
	1,235,000	Calpine Corp., 4.500%, 2/15/2028, 144A		1,118,084
	130,000	Calpine Corp., 5.250%, 6/01/2026, 144A		125,541
	350,000	Clearway Energy Operating LLC, 3.750%, 2/15/2031, 144A		290,448
	340,000	NRG Energy, Inc., 3.875%, 2/15/2032, 144A		261,965
	105,000	NRG Energy, Inc., 5.250%, 6/15/2029, 144A		93,894
	135,000	NRG Energy, Inc., 5.750%, 1/15/2028		127,933
	320,000	PG&E Corp., 5.000%, 7/01/2028		293,634
	70,000	PG&E Corp., 5.250%, 7/01/2030		62,740
	150,000	Talen Energy Supply LLC, 8.625%, 6/01/2030, 144A		155,250
	750,000	Vistra Operations Co. LLC, 3.550%, 7/15/2024, 144A		724,355
	250,000	Vistra Operations Co. LLC, 5.125%, 5/13/2025, 144A		243,660
				3,497,504

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Environmental – 0.7%
	$     20,000	Clean Harbors, Inc., 5.125%, 7/15/2029, 144A	$	18,922
	170,000	Clean Harbors, Inc., 6.375%, 2/01/2031, 144A		171,064
	965,000	Covanta Holding Corp., 4.875%, 12/01/2029, 144A		834,725
	530,000	GFL Environmental, Inc., 4.000%, 8/01/2028, 144A		473,847
				1,498,558
		Finance Companies – 3.8%
	155,000	Aircastle Ltd., Series A (fixed rate to 6/15/2026, variable rate thereafter), 5.250%, 144A(c)		108,175
	295,000	Cobra AcquisitionCo LLC, 6.375%, 11/01/2029, 144A		207,975
	331,600	Global Aircraft Leasing Co. Ltd., 7.250% PIK or 6.500% Cash, 9/15/2024, 144A(d)		303,530
	345,000	Home Point Capital, Inc., 5.000%, 2/01/2026, 144A		309,322
	1,015,000	Navient Corp., 4.875%, 3/15/2028		869,185
	845,000	Navient Corp., 5.000%, 3/15/2027		755,956
	335,000	OneMain Finance Corp., 3.500%, 1/15/2027		287,410
	645,000	OneMain Finance Corp., 4.000%, 9/15/2030		496,650
	80,000	OneMain Finance Corp., 5.375%, 11/15/2029		68,012
	990,000	OneMain Finance Corp., 7.125%, 3/15/2026		972,667
	410,000	Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/2025, 144A		360,800
	370,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/2026, 144A		327,450
	360,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.625%, 3/01/2029, 144A		302,568
	1,465,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 3.875%, 3/01/2031, 144A		1,187,906
	1,645,000	Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.000%, 10/15/2033, 144A		1,286,785
				7,844,391
		Financial Other – 2.0%
	400,000	Agile Group Holdings Ltd., 6.050%, 10/13/2025		94,876
	200,000	Central China Real Estate Ltd., 7.250%, 8/13/2024(e)		16,940
	205,000	Central China Real Estate Ltd., 7.650%, 8/27/2025(e)		14,342
	429,065	CFLD Cayman Investment Ltd., 2.500%, 1/31/2031, 144A		26,310

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Financial Other – continued
	$   353,395	CFLD Cayman Investment Ltd., 2.500%, 1/31/2031, 144A	$	46,556
	44,015	CFLD Cayman Investment Ltd., Zero Coupon, 0.000%-13.124%, 1/31/2031, 144A(f)		1,320
	405,000	China Aoyuan Group Ltd., 6.200%, 3/24/2026(e)		19,438
	200,000	China Evergrande Group, 8.750%, 6/28/2025(e)		12,136
	200,000	China Evergrande Group, 9.500%, 4/11/2022(e)		12,118
	432,044	Easy Tactic Ltd., 7.500% PIK or 6.500% Cash, 7/11/2027(g)		36,957
	200,000	Fantasia Holdings Group Co. Ltd., 11.875%, 6/01/2023(e)		11,729
	20,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.750%, 9/15/2024		19,109
	1,840,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.250%, 5/15/2027		1,586,816
	475,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.375%, 12/15/2025		441,562
	400,000	Kaisa Group Holdings Ltd., 9.375%, 6/30/2024(e)		27,224
	400,000	Kaisa Group Holdings Ltd., 11.250%, 4/16/2025(e)		26,036
	400,000	Kaisa Group Holdings Ltd., 11.650%, 6/01/2026(e)		24,755
	610,000	Kaisa Group Holdings Ltd., 11.700%, 11/11/2025(e)		41,517
	210,000	KWG Group Holdings Ltd., 6.300%, 2/13/2026(e)		20,743
	245,000	Nationstar Mortgage Holdings, Inc., 5.125%, 12/15/2030, 144A		198,744
	565,000	Nationstar Mortgage Holdings, Inc., 5.750%, 11/15/2031, 144A		464,116
	685,000	Nationstar Mortgage Holdings, Inc., 6.000%, 1/15/2027, 144A		637,245
	205,000	Shimao Group Holdings Ltd., 3.450%, 1/11/2031(e)		20,170
	200,000	Shimao Group Holdings Ltd., 4.750%, 7/03/2022(e)		15,148
	200,000	Shimao Group Holdings Ltd., 6.125%, 2/21/2024(e)		14,524
	605,000	Sunac China Holdings Ltd., 6.500%, 1/26/2026(e)		88,461
	200,000	Sunac China Holdings Ltd., 6.650%, 8/03/2024(e)		32,560
	205,000	Times China Holdings Ltd., 5.750%, 1/14/2027(e)		13,595
	630,000	Times China Holdings Ltd., 6.200%, 3/22/2026(e)		41,780
	800,000	Yuzhou Group Holdings Co. Ltd., 6.350%, 1/13/2027(e)		33,347

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Financial Other – continued
	$   200,000	Yuzhou Group Holdings Co. Ltd., 7.700%, 2/20/2025(e)	$	8,337
	820,000	Zhenro Properties Group Ltd., 6.630%, 1/07/2026(e)		28,700
	210,000	Zhenro Properties Group Ltd., 6.700%, 8/04/2026(e)		4,200
				4,081,411
		Food & Beverage – 1.2%
	80,000	Aramark Services, Inc., 5.000%, 2/01/2028, 144A		75,403
	335,000	Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.250%, 4/27/2029, 144A		309,379
	275,000	HLF Financing Sarl LLC/Herbalife International, Inc., 4.875%, 6/01/2029, 144A		196,012
	670,000	Lamb Weston Holdings, Inc., 4.375%, 1/31/2032, 144A		598,495
	325,000	Performance Food Group, Inc., 4.250%, 8/01/2029, 144A		289,351
	340,000	Performance Food Group, Inc., 5.500%, 10/15/2027, 144A		327,601
	555,000	Post Holdings, Inc., 4.625%, 4/15/2030, 144A		486,379
	15,000	Post Holdings, Inc., 5.750%, 3/01/2027, 144A		14,642
	260,000	Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 3/01/2029, 144A		208,316
				2,505,578
		Gaming – 3.3%
	350,000	Boyd Gaming Corp., 4.750%, 6/15/2031, 144A		312,674
	630,000	Melco Resorts Finance Ltd., 5.375%, 12/04/2029, 144A		520,586
	30,000	Penn Entertainment, Inc., 4.125%, 7/01/2029, 144A		24,621
	205,000	Sands China Ltd., 3.350%, 3/08/2029		170,804
	1,270,000	Sands China Ltd., 4.875%, 6/18/2030		1,130,391
	525,000	Sands China Ltd., 5.900%, 8/08/2028		500,422
	865,000	Scientific Games International, Inc., 7.000%, 5/15/2028, 144A		860,382
	775,000	Scientific Games International, Inc., 7.250%, 11/15/2029, 144A		775,969
	560,000	VICI Properties LP, 4.375%, 5/15/2025		541,214
	170,000	VICI Properties LP/VICI Note Co., Inc., 4.250%, 12/01/2026, 144A		159,032

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Gaming – continued
	$   195,000	VICI Properties LP/VICI Note Co., Inc., 4.500%, 9/01/2026, 144A	$	184,220
	165,000	VICI Properties LP/VICI Note Co., Inc., 4.625%, 6/15/2025, 144A		159,431
	145,000	VICI Properties LP/VICI Note Co., Inc., 5.625%, 5/01/2024, 144A		144,106
	290,000	Wynn Macau Ltd., 5.125%, 12/15/2029, 144A		243,617
	465,000	Wynn Macau Ltd., 5.500%, 1/15/2026, 144A		431,869
	415,000	Wynn Macau Ltd., 5.625%, 8/26/2028, 144A		362,088
	420,000	Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.125%, 10/01/2029, 144A		376,401
				6,897,827
		Government Owned - No Guarantee – 0.2%
	365,000	Petroleos Mexicanos, 5.950%, 1/28/2031		266,651
	285,000	Petroleos Mexicanos, 6.625%, 6/15/2035		198,739
				465,390
		Government Sponsored – 0.2%
	330,000	Petrobras Global Finance BV, 6.500%, 7/03/2033		322,905
		Health Care REITs – 0.1%
	400,000	MPT Operating Partnership LP/MPT Finance Corp., 3.500%, 3/15/2031		275,607
		Health Insurance – 0.5%
	675,000	Centene Corp., 2.450%, 7/15/2028		576,960
	550,000	Molina Healthcare, Inc., 3.875%, 5/15/2032, 144A		461,092
				1,038,052
		Healthcare – 1.8%
	620,000	AdaptHealth LLC, 5.125%, 3/01/2030, 144A		502,200
	255,000	AHP Health Partners, Inc., 5.750%, 7/15/2029, 144A		219,869
	940,000	CHS/Community Health Systems, Inc., 5.250%, 5/15/2030, 144A		740,464
	610,000	DaVita, Inc., 3.750%, 2/15/2031, 144A		487,715
	340,000	Garden Spinco Corp., 8.625%, 7/20/2030, 144A		365,415
	145,000	Hologic, Inc., 3.250%, 2/15/2029, 144A		126,861

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Healthcare – continued
	$   210,000	Hologic, Inc., 4.625%, 2/01/2028, 144A	$	197,514
	675,000	LifePoint Health, Inc., 5.375%, 1/15/2029, 144A		398,690
	435,000	Medline Borrower LP, 3.875%, 4/01/2029, 144A		378,042
	185,000	RP Escrow Issuer LLC, 5.250%, 12/15/2025, 144A		136,475
	190,000	U.S. Acute Care Solutions LLC, 6.375%, 3/01/2026, 144A		162,688
				3,715,933
		Home Construction – 0.1%
	255,000	Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 4.875%, 2/15/2030, 144A		200,046
	200,000	Corporacion GEO SAB de CV, 8.875%, 3/27/2022, 144A(e)(i)		—
	25,000	Meritage Homes Corp., 3.875%, 4/15/2029, 144A		22,059
				222,105
		Independent Energy – 6.8%
	390,000	Antero Resources Corp., 5.375%, 3/01/2030, 144A		361,041
	10,000	Apache Corp., 4.375%, 10/15/2028		9,133
	135,000	Apache Corp., 4.750%, 4/15/2043		99,225
	645,000	Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.000%, 11/01/2026, 144A		624,147
	160,000	Baytex Energy Corp., 8.500%, 4/30/2030, 144A		156,251
	625,000	Baytex Energy Corp., 8.750%, 4/01/2027, 144A		632,922
	125,000	Callon Petroleum Co., 7.500%, 6/15/2030, 144A		117,984
	315,000	Callon Petroleum Co., 8.000%, 8/01/2028, 144A		311,506
	840,000	Chesapeake Energy Corp., 5.500%, 2/01/2026, 144A		818,969
	275,000	Chesapeake Energy Corp., 6.750%, 4/15/2029, 144A		272,865
	135,000	Chord Energy Corp., 6.375%, 6/01/2026, 144A		133,836
	695,000	Civitas Resources, Inc., 8.375%, 7/01/2028, 144A		702,853
	255,000	Comstock Resources, Inc., 6.750%, 3/01/2029, 144A		233,311
	1,025,000	Continental Resources, Inc., 2.875%, 4/01/2032, 144A		787,512
	355,000	Continental Resources, Inc., 4.900%, 6/01/2044		275,867

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Independent Energy – continued
	$   605,000	Continental Resources, Inc., 5.750%, 1/15/2031, 144A	$	575,148
	320,000	Crescent Energy Finance LLC, 7.250%, 5/01/2026, 144A		300,323
	100,000	Energean Israel Finance Ltd., 4.875%, 3/30/2026, 144A		92,776
	200,000	Energean Israel Finance Ltd., 5.375%, 3/30/2028, 144A		180,500
	510,000	EQT Corp., 3.900%, 10/01/2027		471,505
	40,000	EQT Corp., 5.700%, 4/01/2028		39,479
	200,000	Gulfport Energy Corp., 8.000%, 5/17/2026, 144A		200,940
	505,000	Matador Resources Co., 5.875%, 9/15/2026		489,368
	330,000	Matador Resources Co., 6.875%, 4/15/2028, 144A		326,632
	115,000	MEG Energy Corp., 5.875%, 2/01/2029, 144A		108,148
	300,000	Murphy Oil Corp., 5.875%, 12/01/2042		249,305
	690,000	Northern Oil & Gas, Inc., 8.125%, 3/01/2028, 144A		676,200
	300,000	Northern Oil & Gas, Inc., 8.750%, 6/15/2031, 144A		294,750
	565,000	Occidental Petroleum Corp., 6.125%, 1/01/2031		573,701
	905,000	Occidental Petroleum Corp., 6.600%, 3/15/2046		931,743
	470,000	Occidental Petroleum Corp., 6.625%, 9/01/2030		488,377
	110,000	Occidental Petroleum Corp., 7.500%, 5/01/2031		120,102
	50,000	Occidental Petroleum Corp., 7.875%, 9/15/2031		55,740
	340,000	Occidental Petroleum Corp., 8.875%, 7/15/2030		390,789
	220,000	Permian Resources Operating LLC, 5.875%, 7/01/2029, 144A		207,242
	260,000	Permian Resources Operating LLC, 6.875%, 4/01/2027, 144A		256,100
	180,000	Range Resources Corp., 8.250%, 1/15/2029		187,416
	240,000	SM Energy Co., 5.625%, 6/01/2025		234,525
	35,000	SM Energy Co., 6.625%, 1/15/2027		33,994
	230,000	SM Energy Co., 6.750%, 9/15/2026		224,183
	195,000	Southwestern Energy Co., 5.375%, 2/01/2029		183,624

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Independent Energy – continued
	$   490,000	Strathcona Resources Ltd., 6.875%, 8/01/2026, 144A	$	428,938
	265,000	Tap Rock Resources LLC, 7.000%, 10/01/2026, 144A		272,950
				14,131,920
		Industrial Other – 0.2%
	315,000	Brundage-Bone Concrete Pumping Holdings, Inc., 6.000%, 2/01/2026, 144A		298,279
	150,000	Installed Building Products, Inc., 5.750%, 2/01/2028, 144A		141,275
				439,554
		Leisure – 3.7%
	1,405,000	Carnival Corp., 5.750%, 3/01/2027, 144A		1,293,429
	25,000	Carnival Corp., 6.000%, 5/01/2029, 144A		22,321
	40,000	Carnival Corp., 9.875%, 8/01/2027, 144A		41,665
	265,000	Cinemark USA, Inc., 5.250%, 7/15/2028, 144A		233,098
	1,735,000	NCL Corp. Ltd., 5.875%, 3/15/2026, 144A		1,623,203
	20,000	NCL Corp. Ltd., 5.875%, 3/15/2026		18,711
	165,000	NCL Finance Ltd., 6.125%, 3/15/2028, 144A		148,503
	425,000	Royal Caribbean Cruises Ltd., 3.700%, 3/15/2028		369,367
	780,000	Royal Caribbean Cruises Ltd., 4.250%, 7/01/2026, 144A		716,001
	1,495,000	Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028, 144A		1,394,147
	265,000	SeaWorld Parks & Entertainment, Inc., 5.250%, 8/15/2029, 144A		237,195
	335,000	Speedway Motorsports LLC/Speedway Funding II, Inc., 4.875%, 11/01/2027, 144A		309,089
	355,000	Viking Cruises Ltd., 5.875%, 9/15/2027, 144A		326,288
	150,000	Viking Cruises Ltd., 7.000%, 2/15/2029, 144A		139,500
	550,000	Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/2029, 144A		503,250
	295,000	VOC Escrow Ltd., 5.000%, 2/15/2028, 144A		270,663
				7,646,430
		Lodging – 1.9%
	145,000	Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032, 144A		120,892

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Lodging – continued
	$   380,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 4.875%, 7/01/2031, 144A	$	318,796
	725,000	Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, 5.000%, 6/01/2029, 144A		643,401
	1,340,000	Marriott Ownership Resorts, Inc., 4.500%, 6/15/2029, 144A		1,156,507
	520,000	Marriott Ownership Resorts, Inc., 4.750%, 1/15/2028		468,000
	910,000	Travel & Leisure Co., 4.500%, 12/01/2029, 144A		774,252
	295,000	Travel & Leisure Co., 4.625%, 3/01/2030, 144A		249,644
	5,000	Travel & Leisure Co., 6.000%, 4/01/2027		4,853
	120,000	Travel & Leisure Co., 6.625%, 7/31/2026, 144A		119,088
				3,855,433
		Media Entertainment – 1.2%
	555,000	Diamond Sports Group LLC/Diamond Sports Finance Co., 5.375%, 8/15/2026, 144A(e)		18,731
	310,000	Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/2027, 144A(e)		7,802
	1,455,000	iHeartCommunications, Inc., 4.750%, 1/15/2028, 144A		1,096,905
	475,000	iHeartCommunications, Inc., 5.250%, 8/15/2027, 144A		363,232
	400,000	iHeartCommunications, Inc., 6.375%, 5/01/2026		335,702
	110,000	Netflix, Inc., 5.875%, 2/15/2025		110,440
	115,000	Nexstar Media, Inc., 5.625%, 7/15/2027, 144A		107,190
	150,000	Playtika Holding Corp., 4.250%, 3/15/2029, 144A		133,125
	340,000	Stagwell Global LLC, 5.625%, 8/15/2029, 144A		292,645
	145,000	Warnermedia Holdings, Inc., 4.279%, 3/15/2032		128,597
				2,594,369
		Metals & Mining – 2.7%
	270,000	ATI, Inc., 4.875%, 10/01/2029		243,051
	325,000	ATI, Inc., 5.875%, 12/01/2027		314,524
	350,000	Commercial Metals Co., 4.125%, 1/15/2030		311,465
	2,405,000	First Quantum Minerals Ltd., 6.875%, 3/01/2026, 144A		2,367,490

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Metals & Mining – continued
	$   410,000	First Quantum Minerals Ltd., 6.875%, 10/15/2027, 144A	$	399,955
	390,000	GrafTech Finance, Inc., 4.625%, 12/15/2028, 144A		316,884
	320,000	GrafTech Global Enterprises, Inc., 9.875%, 12/15/2028, 144A		317,504
	475,000	Mineral Resources Ltd., 8.125%, 5/01/2027, 144A		475,064
	785,000	Novelis Corp., 4.750%, 1/30/2030, 144A		697,635
	76,000	U.S. Steel Corp., 6.875%, 3/01/2029		75,173
	90,000	Volcan Cia Minera SAA, 4.375%, 2/11/2026, 144A		66,933
				5,585,678
		Midstream – 5.3%
	225,000	Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.375%, 6/15/2029, 144A		209,066
	285,000	Antero Midstream Partners LP/Antero Midstream Finance Corp., 7.875%, 5/15/2026, 144A		289,042
	545,000	Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.625%, 12/15/2025, 144A		550,931
	185,000	Buckeye Partners LP, 5.600%, 10/15/2044		133,200
	130,000	Buckeye Partners LP, 5.850%, 11/15/2043		96,200
	360,000	Cheniere Energy Partners LP, 4.000%, 3/01/2031		316,976
	260,000	CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.500%, 6/15/2031, 144A		231,897
	275,000	Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.000%, 2/01/2029, 144A		256,781
	50,000	DCP Midstream Operating LP, 3.250%, 2/15/2032		42,319
	360,000	EnLink Midstream LLC, 6.500%, 9/01/2030, 144A		359,600
	70,000	EnLink Midstream Partners LP, 5.050%, 4/01/2045		55,843
	255,000	EnLink Midstream Partners LP, 5.450%, 6/01/2047		209,611
	360,000	EnLink Midstream Partners LP, 5.600%, 4/01/2044		301,401
	105,000	Enterprise Products Operating LLC, Series E, (fixed rate to 8/16/2027, variable rate thereafter), 5.250%, 8/16/2077		91,818
	155,000	EQM Midstream Partners LP, 4.125%, 12/01/2026		144,155
	100,000	EQM Midstream Partners LP, 5.500%, 7/15/2028		94,622
	167,000	EQM Midstream Partners LP, 6.000%, 7/01/2025, 144A		165,156

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Midstream – continued
	$   470,000	EQM Midstream Partners LP, 6.500%, 7/01/2027, 144A	$	463,547
	95,000	EQM Midstream Partners LP, 6.500%, 7/15/2048		85,914
	575,000	EQM Midstream Partners LP, 7.500%, 6/01/2027, 144A		580,503
	135,000	EQM Midstream Partners LP, 7.500%, 6/01/2030, 144A		136,613
	275,000	Ferrellgas LP/Ferrellgas Finance Corp., 5.375%, 4/01/2026, 144A		255,776
	30,000	Genesis Energy LP/Genesis Energy Finance Corp., 7.750%, 2/01/2028		28,534
	700,000	Hess Midstream Operations LP, 4.250%, 2/15/2030, 144A		610,750
	335,000	Hess Midstream Operations LP, 5.125%, 6/15/2028, 144A		313,523
	495,000	Hess Midstream Operations LP, 5.625%, 2/15/2026, 144A		486,956
	215,000	Holly Energy Partners LP/Holly Energy Finance Corp., 5.000%, 2/01/2028, 144A		198,329
	245,000	Holly Energy Partners LP/Holly Energy Finance Corp., 6.375%, 4/15/2027, 144A		242,017
	475,000	Kinetik Holdings LP, 5.875%, 6/15/2030, 144A		451,483
	330,000	NuStar Logistics LP, 5.750%, 10/01/2025		321,734
	265,000	Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.000%, 6/01/2031, 144A		221,845
	220,000	Sunoco LP/Sunoco Finance Corp., 4.500%, 5/15/2029		195,182
	560,000	Targa Resources Corp., 6.125%, 3/15/2033		572,202
	70,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.875%, 2/01/2031		64,690
	50,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.000%, 1/15/2028		47,717
	365,000	Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.500%, 3/01/2030		351,265
	1,035,000	Venture Global Calcasieu Pass LLC, 3.875%, 11/01/2033, 144A		847,547
	215,000	Venture Global Calcasieu Pass LLC, 4.125%, 8/15/2031, 144A		184,893
	80,000	Western Midstream Operating LP, 4.500%, 3/01/2028		75,439
	275,000	Western Midstream Operating LP, 4.750%, 8/15/2028		261,004
	270,000	Western Midstream Operating LP, 5.300%, 3/01/2048		225,376
	190,000	Western Midstream Operating LP, 5.500%, 2/01/2050		155,623

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Midstream – continued
	$     20,000	Western Midstream Operating LP, 6.150%, 4/01/2033	$	20,158
				10,947,238
		Non-Agency Commercial Mortgage-Backed Securities – 1.8%
	95,154	CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL1, 1 mo. USD LIBOR + 3.500%, 8.693%, 11/15/2031, 144A(a)		77,974
	333,039	CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL2, 1 mo. USD LIBOR + 4.500%, 9.693%, 11/15/2031, 144A(a)		239,426
	590,000	Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class D, 5.105%, 5/10/2047, 144A(b)		392,356
	405,000	Commercial Mortgage Trust, Series 2012-CR3, Class B, 3.922%, 10/15/2045, 144A		332,477
	795,000	Credit Suisse Mortgage Trust, Series 2014-USA, Class E, 4.373%, 9/15/2037, 144A		429,506
	110,000	GS Mortgage Securities Trust, Series 2011-GC5, Class C, 5.297%, 8/10/2044, 144A(b)		76,522
	935,000	GS Mortgage Securities Trust, Series 2011-GC5, Class D, 5.297%, 8/10/2044, 144A(b)		291,961
	100,000	GS Mortgage Securities Trust, Series 2013-GC13, Class C, 4.119%, 7/10/2046, 144A(b)		71,434
	170,000	GS Mortgage Securities Trust, Series 2014-GC22, Class D, 4.842%, 6/10/2047, 144A(b)		126,853
	465,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2011-C3, Class C, 5.360%, 2/15/2046, 144A(b)		440,343
	275,000	Morgan Stanley Capital I Trust, Series 2011-C2, Class E, 5.385%, 6/15/2044, 144A(b)		197,054
	295,000	MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class C, 4.423%, 10/15/2030, 144A(b)		191,750
	106,361	Starwood Retail Property Trust, Series 2014-STAR, Class A, 1 mo. USD LIBOR + 1.470%, 6.664%, 11/15/2027, 144A(a)		76,580
	320,000	Starwood Retail Property Trust, Series 2014-STAR, Class D, 1 mo. USD LIBOR + 3.500%, 8.694%, 11/15/2027, 144A(a)(h)(i)		70,800
	350,000	Starwood Retail Property Trust, Series 2014-STAR, Class E, 1 mo. USD LIBOR + 4.400%, 9.594%, 11/15/2027, 144A(a)(h)(i)		17,500
	325,000	Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class C, 4.458%, 8/15/2050		119,831
	145,000	Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class C, 4.257%, 11/15/2059(b)		102,801
	158,612	WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D, 6.050%, 3/15/2044, 144A(b)		35,489
	205,000	WFRBS Commercial Mortgage Trust, Series 2011-C4, Class E, 4.992%, 6/15/2044, 144A(b)		140,949
	530,000	WFRBS Commercial Mortgage Trust, Series 2012-C10, Class C, 4.473%, 12/15/2045(b)		364,375
				3,795,981
		Oil Field Services – 1.2%
	180,000	Precision Drilling Corp., 6.875%, 1/15/2029, 144A		162,633
	30,000	Precision Drilling Corp., 7.125%, 1/15/2026, 144A		29,624

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Oil Field Services – continued
	$   240,000	Solaris Midstream Holdings LLC, 7.625%, 4/01/2026, 144A	$	232,263
	1,389,375	Transocean Poseidon Ltd., 6.875%, 2/01/2027, 144A		1,370,271
	245,000	Transocean Titan Financing Ltd., 8.375%, 2/01/2028, 144A		250,206
	395,000	Weatherford International Ltd., 8.625%, 4/30/2030, 144A		401,021
				2,446,018
		Other REITs – 0.4%
	100,000	Service Properties Trust, 3.950%, 1/15/2028		78,317
	380,000	Service Properties Trust, 4.750%, 10/01/2026		329,888
	330,000	Service Properties Trust, 7.500%, 9/15/2025		324,059
				732,264
		Packaging – 0.4%
	259,274	ARD Finance SA, 7.250% PIK or 6.500% Cash, 6/30/2027, 144A(d)		210,050
	170,000	Graham Packaging Co., Inc., 7.125%, 8/15/2028, 144A		145,137
	300,000	LABL, Inc., 5.875%, 11/01/2028, 144A		272,844
	215,000	Sealed Air Corp./Sealed Air Corp. U.S., 6.125%, 2/01/2028, 144A		213,415
				841,446
		Pharmaceuticals – 3.8%
	1,945,000	Bausch Health Cos., Inc., 4.875%, 6/01/2028, 144A		1,157,664
	915,000	Bausch Health Cos., Inc., 5.250%, 1/30/2030, 144A		379,725
	285,000	Bausch Health Cos., Inc., 6.125%, 2/01/2027, 144A		182,457
	385,000	Cheplapharm Arzneimittel GmbH, 5.500%, 1/15/2028, 144A		350,185
	445,000	Endo Dac/Endo Finance LLC/Endo Finco, Inc., 6.000%, 6/30/2028, 144A(e)		24,431
	65,000	Endo Luxembourg Finance Co. I Sarl/Endo U.S., Inc., 6.125%, 4/01/2029, 144A		48,100
	280,000	Grifols Escrow Issuer SA, 4.750%, 10/15/2028, 144A		243,006
	835,000	Organon & Co./Organon Foreign Debt Co-Issuer BV, 5.125%, 4/30/2031, 144A		688,895
	485,000	Perrigo Finance Unlimited Co., 4.650%, 6/15/2030		429,178
	230,000	Teva Pharmaceutical Finance Co. LLC, 6.150%, 2/01/2036		204,394

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Pharmaceuticals – continued
	$1,400,000	Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026	$	1,254,464
	3,200,000	Teva Pharmaceutical Finance Netherlands III BV, 4.100%, 10/01/2046		2,103,450
	545,000	Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/09/2029		494,370
	220,000	Teva Pharmaceutical Finance Netherlands III BV, 7.875%, 9/15/2029		226,717
	200,000	Teva Pharmaceutical Finance Netherlands III BV, 8.125%, 9/15/2031		209,616
				7,996,652
		Property & Casualty Insurance – 1.4%
	270,000	Acrisure LLC/Acrisure Finance, Inc., 4.250%, 2/15/2029, 144A		233,063
	95,000	Acrisure LLC/Acrisure Finance, Inc., 4.250%, 2/15/2029		82,004
	400,000	Acrisure LLC/Acrisure Finance, Inc., 6.000%, 8/01/2029, 144A		346,326
	25,000	Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 4.250%, 10/15/2027, 144A		22,435
	440,000	AmWINS Group, Inc., 4.875%, 6/30/2029, 144A		397,312
	339,426	Ardonagh Midco 2 PLC, 12.750% PIK or 11.500% Cash, 1/15/2027, 144A(d)		312,564
	255,000	AssuredPartners, Inc., 5.625%, 1/15/2029, 144A		220,712
	275,000	BroadStreet Partners, Inc., 5.875%, 4/15/2029, 144A		238,573
	650,000	HUB International Ltd., 7.250%, 6/15/2030, 144A		671,190
	705,000	Liberty Mutual Group, Inc., 4.300%, 2/01/2061, 144A		441,556
				2,965,735
		Refining – 0.4%
	55,000	Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.000%, 4/15/2025, 144A		56,855
	590,000	CVR Energy, Inc., 5.250%, 2/15/2025, 144A		568,843
	340,000	Parkland Corp., 4.500%, 10/01/2029, 144A		294,950
				920,648
		Restaurants – 1.5%
	55,000	1011778 BC ULC/New Red Finance, Inc., 3.500%, 2/15/2029, 144A		48,234
	85,000	1011778 BC ULC/New Red Finance, Inc., 3.500%, 2/15/2029		74,543
	1,635,000	1011778 BC ULC/New Red Finance, Inc., 3.875%, 1/15/2028, 144A		1,494,674

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Restaurants – continued
	$   230,000	Bloomin’ Brands, Inc./OSI Restaurant Partners LLC, 5.125%, 4/15/2029, 144A	$	205,533
	820,000	KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.750%, 6/01/2027, 144A		791,480
	575,000	Papa John’s International, Inc., 3.875%, 9/15/2029, 144A		486,737
	140,000	Yum! Brands, Inc., 3.625%, 3/15/2031		120,950
				3,222,151
		Retailers – 1.8%
	306,000	Asbury Automotive Group, Inc., 4.500%, 3/01/2028		280,543
	715,000	Asbury Automotive Group, Inc., 4.625%, 11/15/2029, 144A		634,651
	99,000	Asbury Automotive Group, Inc., 4.750%, 3/01/2030		87,971
	145,000	Bath & Body Works, Inc., 5.250%, 2/01/2028		137,852
	90,000	Bath & Body Works, Inc., 6.625%, 10/01/2030, 144A		86,885
	365,000	Bath & Body Works, Inc., 6.875%, 11/01/2035		333,971
	45,000	Crocs, Inc., 4.125%, 8/15/2031, 144A		36,337
	480,000	Dillard’s, Inc., 7.000%, 12/01/2028		481,066
	130,000	Ken Garff Automotive LLC, 4.875%, 9/15/2028, 144A		114,338
	120,000	Lithia Motors, Inc., 4.375%, 1/15/2031, 144A		103,584
	305,000	Macy’s Retail Holdings LLC, 5.875%, 4/01/2029, 144A		278,312
	200,000	Michaels Cos., Inc., 7.875%, 5/01/2029, 144A		134,758
	275,000	NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.125%, 4/01/2026, 144A		255,967
	120,000	Nordstrom, Inc., 4.250%, 8/01/2031		93,540
	525,000	Sonic Automotive, Inc., 4.625%, 11/15/2029, 144A		439,658
	345,000	Sonic Automotive, Inc., 4.875%, 11/15/2031, 144A		283,102
	30,000	Victoria’s Secret & Co., 4.625%, 7/15/2029, 144A		21,910
				3,804,445
		Supermarkets – 0.3%
	25,000	Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 3.250%, 3/15/2026, 144A		23,089

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Supermarkets – continued
	$   635,000	Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.625%, 1/15/2027, 144A	$	601,665
				624,754
		Technology – 5.7%
	575,000	Broadcom, Inc., 4.300%, 11/15/2032		527,436
	555,000	Cloud Software Group, Inc., 6.500%, 3/31/2029, 144A		494,161
	2,205,000	CommScope Technologies LLC, 5.000%, 3/15/2027, 144A		1,534,826
	160,000	Dun & Bradstreet Corp., 5.000%, 12/15/2029, 144A		141,077
	540,000	Elastic NV, 4.125%, 7/15/2029, 144A		465,844
	140,000	Everi Holdings, Inc., 5.000%, 7/15/2029, 144A		122,606
	360,000	Gartner, Inc., 3.750%, 10/01/2030, 144A		313,531
	475,000	Gen Digital, Inc., 6.750%, 9/30/2027, 144A		473,663
	575,000	GoTo Group, Inc., 5.500%, 9/01/2027, 144A		316,321
	480,000	Iron Mountain, Inc., 4.500%, 2/15/2031, 144A		412,430
	740,000	Iron Mountain, Inc., 4.875%, 9/15/2029, 144A		662,401
	75,000	Iron Mountain, Inc., 5.250%, 7/15/2030		67,579
	225,000	Iron Mountain, Inc., 5.250%, 7/15/2030, 144A		202,737
	990,000	Micron Technology, Inc., 6.750%, 11/01/2029		1,029,097
	470,000	NCR Corp., 5.000%, 10/01/2028, 144A		419,442
	330,000	NCR Corp., 5.125%, 4/15/2029, 144A		292,136
	25,000	NCR Corp., 5.250%, 10/01/2030, 144A		21,735
	830,000	Neptune Bidco U.S., Inc., 9.290%, 4/15/2029, 144A		761,950
	850,000	Newfold Digital Holdings Group, Inc., 6.000%, 2/15/2029, 144A		637,619
	455,000	Open Text Corp., 6.900%, 12/01/2027, 144A		463,204
	25,000	Open Text Holdings, Inc., 4.125%, 2/15/2030, 144A		21,170
	150,000	Paysafe Finance PLC/Paysafe Holdings U.S. Corp., 4.000%, 6/15/2029, 144A		117,907
	85,000	Paysafe Finance PLC/Paysafe Holdings U.S. Corp., 4.000%, 6/15/2029		66,814

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Technology – continued
	$   130,000	Presidio Holdings, Inc., 4.875%, 2/01/2027, 144A	$	121,954
	130,000	Presidio Holdings, Inc., 8.250%, 2/01/2028, 144A		123,778
	135,000	Sabre Global, Inc., 11.250%, 12/15/2027, 144A		114,413
	175,000	Seagate HDD Cayman, 4.091%, 6/01/2029		153,951
	100,000	Seagate HDD Cayman, 4.875%, 6/01/2027		95,739
	375,000	Seagate HDD Cayman, 8.250%, 12/15/2029, 144A		391,676
	970,000	Sensata Technologies, Inc., 3.750%, 2/15/2031, 144A		829,827
	80,000	Sensata Technologies, Inc., 4.375%, 2/15/2030, 144A		71,540
	100,000	Western Digital Corp., 3.100%, 2/01/2032		74,007
	130,000	Western Digital Corp., 4.750%, 2/15/2026		123,827
	222,000	Ziff Davis, Inc., 4.625%, 10/15/2030, 144A		192,278
				11,858,676
		Transportation Services – 0.6%
	1,310,000	Rand Parent LLC, 8.500%, 2/15/2030, 144A		1,186,113
		Wireless – 1.7%
	1,285,000	Altice France SA, 5.125%, 1/15/2029, 144A		916,072
	610,000	HTA Group Ltd., 7.000%, 12/18/2025, 144A		576,084
	315,000	IHS Holding Ltd., 5.625%, 11/29/2026, 144A		274,176
	300,000	IHS Holding Ltd., 6.250%, 11/29/2028, 144A		244,662
	225,000	IHS Netherlands Holdco BV, 8.000%, 9/18/2027		204,872
	80,000	SBA Communications Corp., 3.125%, 2/01/2029		67,813
	220,000	SBA Communications Corp., 3.875%, 2/15/2027		202,665
	1,150,000	SoftBank Group Corp., 4.625%, 7/06/2028		993,830
	100,000	Vodafone Group PLC, (fixed rate to 12/04/2050, variable rate thereafter), 5.125%, 6/04/2081		72,592
				3,552,766
		Wirelines – 1.4%
	220,000	Cincinnati Bell Telephone Co. LLC, 6.300%, 12/01/2028		180,237

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Non-Convertible Bonds – continued
		Wirelines – continued
	$   690,000	Frontier Communications Holdings LLC, 5.875%, 10/15/2027, 144A	$	633,255
	225,000	Frontier Communications Holdings LLC, 8.750%, 5/15/2030, 144A		219,909
	455,000	Iliad Holding SASU, 6.500%, 10/15/2026, 144A		429,440
	450,000	Level 3 Financing, Inc., 3.625%, 1/15/2029, 144A		269,889
	155,000	Level 3 Financing, Inc., 4.250%, 7/01/2028, 144A		99,799
	100,000	Telecom Italia Capital SA, 6.000%, 9/30/2034		80,645
	330,000	Telecom Italia Capital SA, 6.375%, 11/15/2033		279,943
	265,000	Telecom Italia Capital SA, 7.200%, 7/18/2036		227,778
	485,000	Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 4.750%, 4/15/2028, 144A		402,502
				2,823,397
		Total Non-Convertible Bonds (Identified Cost $203,465,111)		177,568,956
	Convertible Bonds – 4.2%
		Airlines – 0.5%
	865,000	Southwest Airlines Co., 1.250%, 5/01/2025		991,722
		Cable Satellite – 1.3%
	340,000	DISH Network Corp., Zero Coupon, 0.000%-33.748%, 12/15/2025(f)		180,639
	4,830,000	DISH Network Corp., 3.375%, 8/15/2026		2,451,225
				2,631,864
		Consumer Cyclical Services – 0.3%
	660,000	Uber Technologies, Inc., Zero Coupon, 0.000%-1.922%, 12/15/2025(f)		605,029
	55,000	Zillow Group, Inc., 1.375%, 9/01/2026		69,162
				674,191
		Consumer Products – 0.1%
	260,000	Beauty Health Co., 1.250%, 10/01/2026, 144A		203,938
		Gaming – 0.1%
	115,000	Penn Entertainment, Inc., 2.750%, 5/15/2026		142,485
		Healthcare – 0.8%
	225,000	Lantheus Holdings, Inc., 2.625%, 12/15/2027, 144A		291,508

Principal Amount		Description	Value (†)
	Bonds and Notes – continued
	Convertible Bonds – continued
		Healthcare – continued
	$1,655,000	Teladoc Health, Inc., 1.250%, 6/01/2027	$	1,315,725
				1,607,233
		Leisure – 0.1%
	365,000	NCL Corp. Ltd., 1.125%, 2/15/2027		335,683
		Pharmaceuticals – 0.8%
	1,330,000	BioMarin Pharmaceutical, Inc., 1.250%, 5/15/2027		1,337,055
	495,000	Livongo Health, Inc., 0.875%, 6/01/2025		447,183
				1,784,238
		Technology – 0.2%
	355,000	Unity Software, Inc., Zero Coupon, 7.197%-7.662%, 11/15/2026(f)		283,468
	65,000	Wolfspeed, Inc., 0.250%, 2/15/2028		49,790
	135,000	Wolfspeed, Inc., 1.875%, 12/01/2029, 144A		104,085
				437,343
		Total Convertible Bonds (Identified Cost $12,069,370)		8,808,697
		Total Bonds and Notes (Identified Cost $215,534,481)		186,377,653
	Senior Loans – 0.8%
		Media Entertainment – 0.5%
	1,030,000	MH Sub I LLC, 2023 Term Loan, 1 mo. USD SOFR + 4.250%, 9.353%, 5/03/2028 (a)(j)		986,740
		Leisure – 0.2%
	248,718	Carnival Corp., USD Term Loan B, 1 mo. USD SOFR + 3.000%, 8.217%, 6/30/2025(a)(k)		248,173
	189,040	Carnival Corp., 2021 Incremental Term Loan B, 1 mo. USD SOFR + 3.250%, 8.467%, 10/18/2028(a)(k)		187,150
				435,323
		Property & Casualty Insurance – 0.1%
	257,352	USI, Inc., 2022 Incremental Term Loan, 11/22/2029(l)		256,709
		Total Senior Loans (Identified Cost $1,694,400)		1,678,772
	Collateralized Loan Obligations – 1.4%
	670,000	AIG CLO LLC, Series 2021-2A, Class E, 3 mo. USD LIBOR + 6.500%, 11.750%, 7/20/2034, 144A(a)		625,718

Principal Amount		Description	Value (†)
	Collateralized Loan Obligations – continued
	$   250,000	Battalion CLO XVI Ltd., Series 2019-16A, Class ER, 3 mo. USD LIBOR + 6.600%, 11.850%, 12/19/2032, 144A(a)	$	216,385
	665,000	OHA Credit Funding 3 Ltd., Series 2019-3A, Class ER, 3 mo. USD LIBOR + 6.250%, 11.500%, 7/02/2035, 144A(a)		637,720
	530,000	Palmer Square CLO Ltd., Series 2021-4A, Class E, 3 mo. USD LIBOR + 6.050%, 11.310%, 10/15/2034, 144A(a)		510,875
	340,000	Palmer Square CLO Ltd., Series 2021-3A, Class E, 3 mo. USD LIBOR + 6.150%, 11.410%, 1/15/2035, 144A(a)		317,783
	275,000	PPM CLO 5 Ltd., Series 2021-5A, Class E, 3 mo. USD LIBOR + 6.500%, 11.762%, 10/18/2034, 144A(a)		242,437
	320,000	Whetstone Park CLO Ltd., Series 2021-1A, Class E, 3 mo. USD LIBOR + 6.150%, 11.400%, 1/20/2035, 144A(a)		278,273
		Total Collateralized Loan Obligations (Identified Cost $3,050,000)		2,829,191
Shares
	Preferred Stocks – 0.2%
	Convertible Preferred Stocks – 0.2%
		Technology – 0.2%
	11,038	Clarivate PLC, Series A, 5.250% (Identified Cost $821,947)		453,110
	Common Stocks – 0.6%
		Energy Equipment & Services – 0.0%
	11,343	McDermott International Ltd.(h)		2,042
		Media – 0.1%
	68,328	Altice USA, Inc., Class A(h)		206,350
		Oil, Gas & Consumable Fuels – 0.5%
	2,801	Battalion Oil Corp.(h)		15,994
	5,003	Canadian Natural Resources Ltd.		281,469
	2,801	Diamondback Energy, Inc.		367,939
	1,617	EOG Resources, Inc.		185,050
	458	Pioneer Natural Resources Co.		94,888
				945,340
		Professional Services – 0.0%
	265	Clarivate PLC(h)		2,525
		Total Common Stocks (Identified Cost $2,597,145)		1,156,257
	Warrants – 0.0%
	22,710	McDermott International Ltd., Tranche A, Expiration on 5/1/2024(h)(i)		—
	25,233	McDermott International Ltd., Tranche B, Expiration on 5/1/2024(h)(i)		—
		Total Warrants (Identified Cost $35,226)		—

Principal Amount		Description	Value (†)
	Short-Term Investments – 6.5%
	$3,480,051	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/2023 at 2.300% to be repurchased at $3,480,718 on 7/03/2023 collateralized by $4,105,500 U.S. Treasury Note, 0.500% due 5/31/2027 valued at $3,549,733 including accrued interest(m)	$	3,480,051
	10,330,000	U.S. Treasury Bills, 5.170%-5.210%, 10/17/2023(n)(o)		10,171,532
		Total Short-Term Investments (Identified Cost $13,649,897)		13,651,583
		Total Investments – 98.9% (Identified Cost $237,383,096)		206,146,566
		Other assets less liabilities – 1.1%		2,330,604
		Net Assets – 100.0%	$	208,477,170

(†) Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available are priced at fair value pursuant to the Fund’s Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the Board’s oversight.

Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Shares of open-end investment companies are valued at net asset value per share.

Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair valued using evaluated bids furnished by an independent pricing service, if available.

Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers. Senior loans and collateralized loan obligations are fair valued at bid prices supplied by an independent pricing service, if available. Broker-dealer bid prices may be used to fair value debt, unlisted equities, senior loans and collateralized loan obligations where an independent pricing service is unable to price an investment or where an independent pricing service does not provide a reliable price for the investment. Centrally cleared swap agreements are fair valued at settlement prices of the clearing house on which the contracts were traded or prices obtained from broker-dealers.

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

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

(a) Variable rate security. Rate as of June 30, 2023 is disclosed.

(b) Variable rate security. The interest rate adjusts periodically based on; (i) changes in current interest rates and/or prepayments on underlying pools of assets, if applicable, (ii) reference to a base lending rate plus or minus a margin, and/or (iii) reference to a base lending rate adjusted by a multiplier and/or subject to certain floors or caps. Rate as of June 30, 2023 is disclosed.

(c) Perpetual bond with no specified maturity date.

(d) Payment-in-kind security for which the issuer, at each interest payment date, may make interest payments in cash and/or additional principal. For the period ended June 30, 2023, interest payments were made in cash.

(e) The issuer is in default with respect to interest and/or principal payments. Income is not being accrued.

(f) Interest rate represents annualized yield at time of purchase; not a coupon rate. The Fund’s investment in this security is comprised of various lots with differing annualized yields.

(g) Payment-in-kind security for which the issuer, at each interest payment date, may make interest payments in cash and/or additional principal. For the period ended June 30, 2023, interest payments were made in principal.

(h) Non-income producing security.

(i) Level 3 security. Value has been determined using significant unobservable inputs.

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

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

(l) Position is unsettled. Contract rate was not determined at June 30, 2023 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

(m) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of June 30, 2023, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

(n) Interest rate represents discount rate at time of purchase; not a coupon rate.

(o) The Fund’s investment in U.S. Government/Agency securities is comprised of various lots with differing discount rates. These separate investments, which have the same maturity date, have been aggregated for the purpose of presentation in the Portfolio of Investments.

144A	All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2023, the value of Rule 144A holdings amounted to $136,088,485 or 65.3% of net assets.
ABS	Asset-Backed Securities
GMTN	Global Medium Term Note
LIBOR	London Interbank Offered Rate
PIK	Payment-in-Kind
REITs	Real Estate Investment Trusts
SOFR	Secured Overnight Financing Rate

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical assets or liabilities;

• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

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

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

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

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Bonds and Notes
Non-Convertible Bonds
Home Construction	$	—	$	222,105	$	—	$	222,105
Non-Agency Commercial Mortgage-Backed Securities		—		3,707,681		88,300		3,795,981
All Other Non-Convertible Bonds(a)		—		173,550,870		—		173,550,870
Total Non-Convertible Bonds		—		177,480,656		88,300		177,568,956
Convertible Bonds(a)		—		8,808,697		—		8,808,697
Total Bonds and Notes		—		186,289,353		88,300		186,377,653
Senior Loans(a)		—		1,678,772		—		1,678,772
Collateralized Loan Obligations		—		2,829,191		—		2,829,191
Preferred Stocks(a)		453,110		—		—		453,110
Common Stocks(a)		1,156,257		—		—		1,156,257
Warrants		—		—		—		—
Short-Term Investments		—		13,651,583		—		13,651,583
Total Investments	$	1,609,367	$	204,448,899	$	88,300	$	206,146,566

(a) Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

The Fund’s pricing policies and procedures are recommended by the adviser and approved by the Board of Trustees. Debt securities are valued based on evaluated bids furnished to the Fund by an independent pricing service. Broker-dealer bid prices may be used if an independent pricing service either is unable to price a security or does not provide a reliable price for a security. The Fund’s adviser may use internally developed models to validate broker-dealer bid prices that are only available from a single broker or market maker. Such securities are considered and classified as fair valued. Broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer are categorized in Level 3. Securities for which market quotations are not readily available are valued at fair value as determined in good faith by the Fund’s adviser pursuant to procedures approved by the Board of Trustees. Fair valued securities may be categorized in Level 3.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value as of September 30, 2022 and/or June 30, 2023:

Asset Valuation Inputs

Investments in Securities	Balance as of September 30, 2022		Accrued Discounts (Premiums)		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Purchases		Sales		Transfers into Level 3		Transfers out of Level 3		Balance as of June 30, 2023		Change in Unrealized Appreciation (Depreciation) from Investments Still Held at June 30, 2023
Bonds and Notes
Non-Convertible Bonds
Home Construction	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—
Non-Agency Commercial Mortgage-Backed Securities		129,288		—		—		(40,988	)		—		—		—		—		88,300		(40,988	)
Warrants		107		—		—		(107	)		—		—		—		—		—		(107	)
Total	$	129,395	$	—	$	—	$	(41,095	)	$	—	$	—	$	—	$	—	$	88,300	$	(41,095	)

Industry Summary at June 30, 2023 (Unaudited)

Cable Satellite	9.1	%
Independent Energy	6.8
Technology	6.1
Midstream	5.3
Pharmaceuticals	4.6
Leisure	4.0
Finance Companies	3.8
Automotive	3.5
Gaming	3.4
Consumer Cyclical Services	3.0
Banking	2.7
Metals & Mining	2.7
Healthcare	2.6
Building Materials	2.5
Financial Other	2.0
Other Investments, less than 2% each	28.9
Short-Term Investments	6.5
Collateralized Loan Obligations	1.4
Total Investments	98.9
Other assets less liabilities	1.1
Net Assets	100.0	%