High Income Opportunities Portfolio NPORT-P High Income Opportunities Portfolio (Jul 2020 report)

High Income Opportunities Portfolio

July 31, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Corporate Bonds & Notes — 89.4%

Security	Principal Amount* (000’s omitted)		Value
Aerospace — 2.5%
Boeing Co. (The), 5.93%, 5/1/60		765	$	921,583
Bombardier, Inc., 6.00%, 10/15/22(1)		4,165		3,883,863
Bombardier, Inc., 6.125%, 1/15/23(1)		1,747		1,504,167
Bombardier, Inc., 7.875%, 4/15/27(1)		1,099		878,244
F-Brasile SpA/F-Brasile US, LLC, 7.375%, 8/15/26(1)		472		381,282
Howmet Aerospace, Inc., 6.875%, 5/1/25		2,637		2,997,273
Moog, Inc., 4.25%, 12/15/27(1)		1,596		1,633,570
Science Applications International Corp., 4.875%, 4/1/28(1)		597		626,384
Spirit AeroSystems, Inc., 7.50%, 4/15/25(1)		1,166		1,148,253
TransDigm UK Holdings PLC, 6.875%, 5/15/26		1,585		1,590,643
TransDigm, Inc., 5.50%, 11/15/27		3,504		3,331,253
TransDigm, Inc., 6.25%, 3/15/26(1)		4,436		4,685,547
TransDigm, Inc., 7.50%, 3/15/27		1,705		1,741,981
			$	25,324,043
Air Transportation — 0.5%
Delta Air Lines, Inc., 7.375%, 1/15/26		1,088	$	1,079,557
Mileage Plus Holdings, LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27(1)		3,827		3,970,513
			$	5,050,070
Automotive & Auto Parts — 3.8%
Clarios Global, L.P., 6.75%, 5/15/25(1)		725	$	780,513
Clarios Global, L.P./Clarios US Finance Co., 4.375%, 5/15/26(2)	EUR	2,308		2,731,260
Clarios Global, L.P./Clarios US Finance Co., 8.50%, 5/15/27(1)		5,557		5,849,576
Ford Motor Co., 7.45%, 7/16/31		1,573		1,867,426
Ford Motor Co., 8.50%, 4/21/23		3,716		4,131,319
Ford Motor Co., 9.00%, 4/22/25		4,459		5,259,435
Ford Motor Co., 9.625%, 4/22/30		1,866		2,478,785
Ford Motor Credit Co., LLC, 1.576%, (3 mo. USD LIBOR + 1.27%), 3/28/22(3)		383		367,764
Ford Motor Credit Co., LLC, 1.627%, (3 mo. USD LIBOR + 1.24%), 2/15/23(3)		539		501,493
Ford Motor Credit Co., LLC, 3.087%, 1/9/23		538		536,822
Ford Motor Credit Co., LLC, 3.336%, 3/18/21		321		322,204
Ford Motor Credit Co., LLC, 3.339%, 3/28/22		859		867,590
Ford Motor Credit Co., LLC, 3.813%, 10/12/21		702		710,943
Ford Motor Credit Co., LLC, 3.815%, 11/2/27		918		903,656
Ford Motor Credit Co., LLC, 4.25%, 9/20/22		778		794,836
Ford Motor Credit Co., LLC, 4.375%, 8/6/23		507		525,906
Ford Motor Credit Co., LLC, 5.125%, 6/16/25		1,498		1,599,235
Ford Motor Credit Co., LLC, 5.584%, 3/18/24		403		428,732
Ford Motor Credit Co., LLC, 5.596%, 1/7/22		1,608		1,673,807
Ford Motor Credit Co., LLC, 5.875%, 8/2/21		595		611,734
Navistar International Corp., 6.625%, 11/1/25(1)		2,385		2,450,838
Navistar International Corp., 9.50%, 5/1/25(1)		1,493		1,708,552

1

Security	Principal Amount* (000’s omitted)		Value
Winnebago Industries, Inc., 6.25%, 7/15/28(1)		1,060	$	1,122,938
			$	38,225,364
Banking & Thrifts — 1.2%
CIT Group, Inc., 5.00%, 8/1/23		2,150	$	2,254,813
CIT Group, Inc., 6.125%, 3/9/28		1,420		1,609,655
JPMorgan Chase & Co., 4.60% to 2/1/25(4)(5)		2,800		2,712,780
JPMorgan Chase & Co., Series S, 6.75% to 2/1/24(4)(5)		4,805		5,327,195
			$	11,904,443
Broadcasting — 3.6%
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(1)		4,869	$	3,761,229
iHeartCommunications, Inc., 6.375%, 5/1/26		171		179,933
iHeartCommunications, Inc., 8.375%, 5/1/27		2,601		2,586,674
Netflix, Inc., 4.875%, 4/15/28		640		744,992
Netflix, Inc., 4.875%, 6/15/30(1)		2,212		2,605,072
Netflix, Inc., 5.875%, 2/15/25		2,155		2,483,864
Netflix, Inc., 5.875%, 11/15/28		4,030		4,984,244
Nexstar Broadcasting, Inc., 5.625%, 7/15/27(1)		2,357		2,526,386
Scripps Escrow, Inc., 5.875%, 7/15/27(1)		1,917		1,928,981
Sinclair Television Group, Inc., 5.50%, 3/1/30(1)		1,765		1,767,453
Sirius XM Radio, Inc., 4.125%, 7/1/30(1)		3,608		3,812,032
Sirius XM Radio, Inc., 4.625%, 7/15/24(1)		2,963		3,123,743
Sirius XM Radio, Inc., 5.00%, 8/1/27(1)		2,980		3,180,509
TEGNA, Inc., 4.625%, 3/15/28(1)		1,012		1,003,145
TEGNA, Inc., 5.00%, 9/15/29(1)		1,777		1,793,100
			$	36,481,357
Building Materials — 2.1%
Builders FirstSource, Inc., 5.00%, 3/1/30(1)		855	$	898,729
Builders FirstSource, Inc., 6.75%, 6/1/27(1)		1,452		1,601,462
CD&R Smokey Buyer, Inc., 6.75%, 7/15/25(1)		793		849,501
Hillman Group, Inc. (The), 6.375%, 7/15/22(1)		1,488		1,463,470
Masonite International Corp., 5.375%, 2/1/28(1)		1,059		1,129,625
Standard Industries, Inc., 2.25%, 11/21/26(1)	EUR	3,990		4,572,763
Standard Industries, Inc., 4.375%, 7/15/30(1)		1,831		1,980,291
Standard Industries, Inc., 5.00%, 2/15/27(1)		690		738,855
Standard Industries, Inc., 6.00%, 10/15/25(1)		3,880		4,052,951
Summit Materials, LLC/Summit Materials Finance Corp., 5.25%, 1/15/29(1)(6)		365		380,056
WESCO Distribution, Inc., 7.125%, 6/15/25(1)		1,522		1,672,244
WESCO Distribution, Inc., 7.25%, 6/15/28(1)		1,358		1,485,523
			$	20,825,470
Cable & Satellite TV — 6.1%
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.25%, 2/1/31(1)		2,733	$	2,855,273
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 8/15/30(1)		5,232		5,551,963
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 5/1/32(1)		1,270		1,341,438
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30(1)		3,055		3,255,484
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.00%, 2/1/28(1)		1,895		2,010,595
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 5/1/25(1)		3,855		3,985,511

2

Security	Principal Amount* (000’s omitted)		Value
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 6/1/29(1)		1,113	$	1,220,004
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.75%, 2/15/26(1)		2,725		2,851,031
CSC Holdings, LLC, 4.125%, 12/1/30(1)		3,336		3,518,646
CSC Holdings, LLC, 4.625%, 12/1/30(1)		1,640		1,724,435
CSC Holdings, LLC, 5.25%, 6/1/24		385		424,463
CSC Holdings, LLC, 5.50%, 5/15/26(1)		4,205		4,415,250
CSC Holdings, LLC, 5.75%, 1/15/30(1)		6,001		6,659,940
CSC Holdings, LLC, 5.875%, 9/15/22		1,410		1,515,362
CSC Holdings, LLC, 6.50%, 2/1/29(1)		1,001		1,148,022
CSC Holdings, LLC, 7.50%, 4/1/28(1)		1,273		1,466,095
CSC Holdings, LLC, 10.875%, 10/15/25(1)		3,862		4,144,312
DISH DBS Corp., 5.875%, 11/15/24		420		438,549
DISH DBS Corp., 7.75%, 7/1/26		1,526		1,722,648
Virgin Media Finance PLC, 5.00%, 7/15/30(1)		1,445		1,511,708
Virgin Media Secured Finance PLC, 5.50%, 8/15/26(1)		1,446		1,540,272
Virgin Media Vendor Financing Notes III DAC, 4.875%, 7/15/28(2)	GBP	2,044		2,719,601
VTR Comunicaciones SpA, 5.125%, 1/15/28(1)		935		996,944
VTR Finance N.V., 6.375%, 7/15/28(1)		776		829,754
Ziggo B.V., 4.875%, 1/15/30(1)		886		943,661
Ziggo B.V., 5.50%, 1/15/27(1)		2,440		2,581,898
			$	61,372,859
Capital Goods — 0.5%
BWX Technologies, Inc., 4.125%, 6/30/28(1)		1,501	$	1,566,669
BWX Technologies, Inc., 5.375%, 7/15/26(1)		2,875		3,014,610
Colfax Corp., 6.00%, 2/15/24(1)		880		928,492
			$	5,509,771
Chemicals — 1.2%
Compass Minerals International, Inc., 6.75%, 12/1/27(1)		1,716	$	1,864,949
GCP Applied Technologies, Inc., 5.50%, 4/15/26(1)		739		756,411
Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.75%, 4/30/26(1)		3,622		3,616,784
OCI N.V., 5.25%, 11/1/24(1)		937		945,199
SPCM S.A., 4.875%, 9/15/25(1)		1,185		1,222,784
Valvoline, Inc., 4.25%, 2/15/30(1)		1,326		1,395,946
W.R. Grace & Co., 4.875%, 6/15/27(1)		2,035		2,172,291
			$	11,974,364
Consumer Products — 0.8%
Edgewell Personal Care Co., 5.50%, 6/1/28(1)		1,606	$	1,740,719
Energizer Holdings, Inc., 6.375%, 7/15/26(1)		377		402,802
Prestige Brands, Inc., 5.125%, 1/15/28(1)		605		636,333
Spectrum Brands, Inc., 5.00%, 10/1/29(1)		712		735,895
Spectrum Brands, Inc., 5.50%, 7/15/30(1)		1,094		1,137,760
Spectrum Brands, Inc., 5.75%, 7/15/25		3,275		3,381,437
			$	8,034,946
Containers — 1.8%
ARD Finance S.A., 5.00%, (5.00% cash or 5.75% PIK), 6/30/27(2)(7)	EUR	5,629	$	6,497,407
ARD Finance S.A., 6.50%, (6.50% cash or 7.25% PIK), 6/30/27(1)(7)		410		419,738

3

Security	Principal Amount* (000’s omitted)		Value
Crown Americas, LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26		1,415	$	1,505,475
Crown Americas, LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26		1,695		1,774,733
GPC Merger Sub, Inc., 7.125%, 8/15/28(1)(6)		330		343,819
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC, 5.125%, 7/15/23(1)		260		264,303
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC, 7.00%, 7/15/24(1)		2,078		2,119,560
Silgan Holdings, Inc., 2.25%, 6/1/28	EUR	1,503		1,748,329
Trivium Packaging Finance B.V., 5.50%, 8/15/26(1)		1,429		1,529,459
Trivium Packaging Finance B.V., 8.50%, 8/15/27(1)		1,574		1,730,416
			$	17,933,239
Diversified Financial Services — 1.6%
AG Issuer, LLC, 6.25%, 3/1/28(1)		1,871	$	1,899,065
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(1)		1,198		1,227,950
DAE Funding, LLC, 4.50%, 8/1/22(1)		1,697		1,672,012
DAE Funding, LLC, 5.00%, 8/1/24(1)		2,535		2,354,394
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 5.25%, 5/15/27		2,726		2,816,299
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 2/1/22		2,576		2,618,671
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 5/15/26		2,993		3,169,916
MSCI, Inc., 3.625%, 9/1/30(1)		867		916,176
			$	16,674,483
Diversified Media — 0.7%
Clear Channel Worldwide Holdings, Inc., 5.125%, 8/15/27(1)		1,320	$	1,295,250
Outfront Media Capital, LLC/Outfront Media Capital Corp., 6.25%, 6/15/25(1)		1,219		1,241,094
Terrier Media Buyer, Inc., 8.875%, 12/15/27(1)		4,764		4,892,033
			$	7,428,377
Energy — 11.4%
Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27(1)		2,542	$	2,228,406
Apache Corp., 3.25%, 4/15/22		459		462,649
Apache Corp., 3.625%, 2/1/21		139		139,514
Apache Corp., 4.25%, 1/15/30		2,100		2,027,130
Apache Corp., 4.25%, 1/15/44		356		319,588
Apache Corp., 4.375%, 10/15/28		770		770,963
Apache Corp., 4.75%, 4/15/43		226		215,265
Apache Corp., 5.25%, 2/1/42		189		180,731
Archrock Partners, L.P./Archrock Partners Finance Corp., 6.25%, 4/1/28(1)		1,272		1,287,900
Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 7.00%, 11/1/26(1)		4,047		2,604,487
Berry Petroleum Co., LLC, 7.00%, 2/15/26(1)		1,610		1,293,732
Buckeye Partners, L.P., 4.50%, 3/1/28(1)		1,537		1,533,157
Cenovus Energy, Inc., 3.80%, 9/15/23		573		574,760
Cenovus Energy, Inc., 5.40%, 6/15/47		943		849,957
Cenovus Energy, Inc., 6.75%, 11/15/39		2,256		2,355,355
Centennial Resource Production, LLC, 5.375%, 1/15/26(1)		1,460		658,548
Centennial Resource Production, LLC, 6.875%, 4/1/27(1)		3,731		1,699,116
Cheniere Energy Partners, L.P., 4.50%, 10/1/29		2,876		3,046,518
Cheniere Energy Partners, L.P., 5.25%, 10/1/25		600		615,600
Cheniere Energy Partners, L.P., 5.625%, 10/1/26		2,670		2,824,726
Continental Resources, Inc., 4.375%, 1/15/28		1,867		1,744,880
Continental Resources, Inc., 4.90%, 6/1/44		73		63,029
Crestwood Midstream Partners, L.P./Crestwood Midstream Finance Corp., 5.625%, 5/1/27(1)		1,957		1,835,969
CrownRock, L.P./CrownRock Finance, Inc., 5.625%, 10/15/25(1)		6,527		6,412,777

4

Security	Principal Amount* (000’s omitted)		Value
CVR Energy, Inc., 5.75%, 2/15/28(1)		2,152	$	1,932,066
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.50%, 1/30/26(1)		2,250		2,267,786
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.75%, 1/30/28(1)		1,838		1,890,502
Endeavor Energy Resources, L.P./EER Finance, Inc., 6.625%, 7/15/25(1)		1,083		1,139,522
Energy Transfer Operating, L.P., Series A, 6.25% to 2/15/23(4)(5)		1,630		1,162,182
EnLink Midstream, LLC, 5.375%, 6/1/29		1,207		968,129
EP Energy, LLC/Everest Acquisition Finance, Inc., 7.75%, 5/15/26(1)(8)		1,689		468,698
EQM Midstream Partners, L.P., 6.00%, 7/1/25(1)		1,116		1,185,092
EQM Midstream Partners, L.P., 6.50%, 7/1/27(1)		1,121		1,237,601
EQT Corp., 7.875%, 2/1/25		614		677,792
EQT Corp., 8.75%, 2/1/30		900		1,043,145
Extraction Oil & Gas, Inc., 5.625%, 2/1/26(1)(8)		4,036		861,928
Extraction Oil & Gas, Inc., 7.375%, 5/15/24(1)(8)		1,512		338,151
Great Western Petroleum, LLC/Great Western Finance Corp., 9.00%, 9/30/21(1)		5,592		3,215,400
Laredo Petroleum, Inc., 9.50%, 1/15/25		694		502,276
Laredo Petroleum, Inc., 10.125%, 1/15/28		1,045		744,563
Matador Resources Co., 5.875%, 9/15/26		4,065		3,104,075
MEG Energy Corp., 7.125%, 2/1/27(1)		1,728		1,542,240
Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(1)		4,310		2,525,919
Nabors Industries, Ltd., 7.25%, 1/15/26(1)		1,037		657,520
Nabors Industries, Ltd., 7.50%, 1/15/28(1)		1,118		713,759
Neptune Energy Bondco PLC, 6.625%, 5/15/25(1)		5,811		5,102,726
Nine Energy Service, Inc., 8.75%, 11/1/23(1)		1,057		490,517
Occidental Petroleum Corp., 1.842%, (3 mo. USD LIBOR + 1.45%), 8/15/22(3)		384		360,071
Occidental Petroleum Corp., 2.60%, 4/15/22		412		402,137
Occidental Petroleum Corp., 2.70%, 8/15/22		497		480,701
Occidental Petroleum Corp., 2.90%, 8/15/24		147		138,609
Occidental Petroleum Corp., 3.125%, 2/15/22		24		23,722
Occidental Petroleum Corp., 3.45%, 7/15/24		370		342,250
Occidental Petroleum Corp., 3.50%, 8/15/29		897		798,662
Occidental Petroleum Corp., 4.20%, 3/15/48		1,470		1,196,653
Occidental Petroleum Corp., 4.40%, 8/15/49		1,192		974,108
Occidental Petroleum Corp., 4.625%, 6/15/45		792		659,578
Occidental Petroleum Corp., 6.20%, 3/15/40		736		717,140
Occidental Petroleum Corp., 8.50%, 7/15/27		3,109		3,469,955
Occidental Petroleum Corp., 8.875%, 7/15/30		2,667		3,007,042
Parsley Energy, LLC/Parsley Finance Corp., 5.25%, 8/15/25(1)		2,315		2,358,163
Parsley Energy, LLC/Parsley Finance Corp., 5.375%, 1/15/25(1)		2,625		2,711,126
Parsley Energy, LLC/Parsley Finance Corp., 5.625%, 10/15/27(1)		2,055		2,156,466
PBF Holding Co., LLC/PBF Finance Corp., 6.00%, 2/15/28(1)		2,340		1,888,087
PBF Holding Co., LLC/PBF Finance Corp., 7.25%, 6/15/25		2,417		2,179,880
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(4)(5)		4,120		2,882,972
Precision Drilling Corp., 5.25%, 11/15/24		477		336,831
Precision Drilling Corp., 6.50%, 12/15/21		86		82,038
Precision Drilling Corp., 7.125%, 1/15/26(1)		1,095		759,448
Precision Drilling Corp., 7.75%, 12/15/23		407		306,734
Seven Generations Energy, Ltd., 5.375%, 9/30/25(1)		3,860		3,601,824
Seven Generations Energy, Ltd., 6.875%, 6/30/23(1)		950		939,764
Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25(1)		4,056		1,553,914
SM Energy Co., 5.00%, 1/15/24		98		54,257
SM Energy Co., 5.625%, 6/1/25		1,260		659,793
SM Energy Co., 6.75%, 9/15/26		853		429,537
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 5.875%, 4/15/26		2,105		2,241,099

5

Security	Principal Amount* (000’s omitted)		Value
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 6.50%, 7/15/27		1,087	$	1,165,808
Tervita Corp., 7.625%, 12/1/21(1)		2,135		1,692,660
Transocean Guardian, Ltd., 5.875%, 1/15/24(1)		1,759		1,561,023
Transocean Poseidon, Ltd., 6.875%, 2/1/27(1)		556		510,130
Transocean, Inc., 7.50%, 1/15/26(1)		1,247		623,500
Western Midstream Operating, L.P., 4.50%, 3/1/28		224		225,680
Western Midstream Operating, L.P., 4.75%, 8/15/28		224		226,746
Western Midstream Operating, L.P., 5.05%, 2/1/30		1,803		1,828,179
			$	115,062,633
Entertainment & Film — 0.5%
AMC Entertainment Holdings, Inc., 10.50%, 4/15/25(1)		1,966	$	1,566,656
Cinemark USA, Inc., 4.875%, 6/1/23		1,945		1,658,113
Live Nation Entertainment, Inc., 4.75%, 10/15/27(1)		1,759		1,629,828
			$	4,854,597
Environmental — 1.4%
Clean Harbors, Inc., 4.875%, 7/15/27(1)		1,029	$	1,092,592
Clean Harbors, Inc., 5.125%, 7/15/29(1)		617		662,001
Covanta Holding Corp., 5.875%, 3/1/24		2,230		2,294,904
Covanta Holding Corp., 5.875%, 7/1/25		2,225		2,310,985
GFL Environmental, Inc., 7.00%, 6/1/26(1)		1,671		1,777,209
GFL Environmental, Inc., 8.50%, 5/1/27(1)		5,207		5,845,456
Waste Pro USA, Inc., 5.50%, 2/15/26(1)		359		365,428
			$	14,348,575
Food & Drug Retail — 0.6%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 4.875%, 2/15/30(1)		1,744	$	1,890,496
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 5.875%, 2/15/28(1)		1,807		1,981,592
Murphy Oil USA, Inc., 4.75%, 9/15/29		1,277		1,352,962
Murphy Oil USA, Inc., 5.625%, 5/1/27		1,190		1,265,637
			$	6,490,687
Food, Beverage & Tobacco — 2.5%
Central Garden & Pet Co., 5.125%, 2/1/28		1,851	$	1,964,022
Central Garden & Pet Co., 6.125%, 11/15/23		970		1,001,423
Herbalife Nutrition, Ltd./HLF Financing, Inc., 7.875%, 9/1/25(1)		1,760		1,916,200
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30(1)		1,904		2,102,016
Kraft Heinz Foods Co., 3.875%, 5/15/27(1)		1,801		1,942,459
Kraft Heinz Foods Co., 4.25%, 3/1/31(1)		1,801		1,991,859
Kraft Heinz Foods Co., 4.375%, 6/1/46		5,079		5,297,505
Kraft Heinz Foods Co., 5.50%, 6/1/50(1)		1,801		2,120,249
Performance Food Group, Inc., 5.50%, 10/15/27(1)		1,612		1,667,340
Performance Food Group, Inc., 6.875%, 5/1/25(1)		890		962,869
Post Holdings, Inc., 5.00%, 8/15/26(1)		1,507		1,581,890
US Foods, Inc., 5.875%, 6/15/24(1)		2,481		2,482,563
			$	25,030,395
Gaming — 3.5%
Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25(1)		3,679	$	3,321,898
Colt Merger Sub, Inc., 6.25%, 7/1/25(1)		4,001		4,194,468
Colt Merger Sub, Inc., 8.125%, 7/1/27(1)		3,234		3,298,858
Gateway Casinos & Entertainment, Ltd., 8.25%, 3/1/24(1)		3,355		2,629,129

6

Security	Principal Amount* (000’s omitted)		Value
Golden Nugget, Inc., 6.75%, 10/15/24(1)		2,736	$	1,918,620
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24		2,890		3,143,178
MGM Resorts International, 7.75%, 3/15/22		2,585		2,754,641
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26(1)		3,323		3,593,409
VICI Properties, L.P./VICI Note Co., Inc., 3.75%, 2/15/27(1)		1,859		1,876,140
VICI Properties, L.P./VICI Note Co., Inc., 4.125%, 8/15/30(1)		1,859		1,883,632
VICI Properties, L.P./VICI Note Co., Inc., 4.25%, 12/1/26(1)		2,822		2,911,105
VICI Properties, L.P./VICI Note Co., Inc., 4.625%, 12/1/29(1)		2,688		2,833,663
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(1)		878		783,549
			$	35,142,290
Healthcare — 11.3%
Acadia Healthcare Co., Inc., 5.50%, 7/1/28(1)		1,552	$	1,641,240
AdaptHealth, LLC, 6.125%, 8/1/28(1)		1,065		1,112,552
Avantor Funding, Inc., 4.625%, 7/15/28(1)		2,538		2,687,869
Bausch Health Americas, Inc., 8.50%, 1/31/27(1)		5,152		5,739,405
Bausch Health Americas, Inc., 9.25%, 4/1/26(1)		1,420		1,598,920
Bausch Health Cos., Inc., 5.25%, 1/30/30(1)		3,537		3,616,123
Bausch Health Cos., Inc., 5.75%, 8/15/27(1)		760		826,644
Bausch Health Cos., Inc., 5.875%, 5/15/23(1)		127		127,099
Bausch Health Cos., Inc., 6.25%, 2/15/29(1)		2,268		2,412,789
Bausch Health Cos., Inc., 7.00%, 3/15/24(1)		2,626		2,746,743
Bausch Health Cos., Inc., 7.25%, 5/30/29(1)		1,015		1,118,210
Bausch Health Cos., Inc., 9.00%, 12/15/25(1)		3,615		3,998,913
Catalent Pharma Solutions, Inc., 2.375%, 3/1/28(2)	EUR	1,895		2,148,966
Catalent Pharma Solutions, Inc., 4.875%, 1/15/26(1)		2,340		2,412,680
Catalent Pharma Solutions, Inc., 5.00%, 7/15/27(1)		689		734,343
Centene Corp., 3.375%, 2/15/30		2,564		2,727,468
Centene Corp., 4.25%, 12/15/27		1,716		1,827,223
Centene Corp., 4.625%, 12/15/29		3,002		3,351,898
Centene Corp., 4.75%, 1/15/25		5,365		5,566,563
Centene Corp., 5.375%, 6/1/26(1)		5,880		6,295,481
Centene Corp., 5.375%, 8/15/26(1)		3,622		3,890,263
Charles River Laboratories International, Inc., 4.25%, 5/1/28(1)		853		903,489
Charles River Laboratories International, Inc., 5.50%, 4/1/26(1)		1,175		1,244,507
Encompass Health Corp., 4.50%, 2/1/28		1,623		1,698,778
Encompass Health Corp., 4.75%, 2/1/30		1,793		1,897,550
Grifols S.A., 2.25%, 11/15/27(2)	EUR	2,430		2,850,186
HCA, Inc., 3.50%, 9/1/30		2,596		2,731,312
HCA, Inc., 5.00%, 3/15/24		1,435		1,617,823
HCA, Inc., 5.25%, 6/15/26		2,196		2,583,407
HCA, Inc., 5.375%, 9/1/26		3,410		3,912,805
HCA, Inc., 5.625%, 9/1/28		2,205		2,633,376
HCA, Inc., 5.875%, 2/15/26		5,010		5,869,466
HCA, Inc., 5.875%, 2/1/29		2,038		2,484,740
Hologic, Inc., 4.375%, 10/15/25(1)		1,405		1,443,181
IQVIA, Inc., 5.00%, 5/15/27(1)		1,076		1,150,516
Jaguar Holding Co. II/PPD Development, L.P., 4.625%, 6/15/25(1)		1,735		1,815,903
Jaguar Holding Co. II/PPD Development, L.P., 5.00%, 6/15/28(1)		1,540		1,642,025
LifePoint Health, Inc., 6.75%, 4/15/25(1)		1,143		1,234,440
Molina Healthcare, Inc., 4.375%, 6/15/28(1)		1,869		1,987,738

7

Security	Principal Amount* (000’s omitted)		Value
MPH Acquisition Holdings, LLC, 7.125%, 6/1/24(1)		7,914	$	8,131,635
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(1)		2,069		2,303,532
Teleflex, Inc., 4.25%, 6/1/28(1)		346		371,085
Teleflex, Inc., 4.625%, 11/15/27		2,310		2,503,081
Tenet Healthcare Corp., 4.625%, 9/1/24(1)		476		487,157
Tenet Healthcare Corp., 4.625%, 6/15/28(1)		576		607,116
Tenet Healthcare Corp., 5.125%, 11/1/27(1)		2,855		3,041,717
Verscend Escrow Corp., 9.75%, 8/15/26(1)		568		630,545
			$	114,358,502
Homebuilders & Real Estate — 3.8%
Brookfield Property REIT, Inc./BPR Cumulus, LLC/BPR Nimbus, LLC/GGSI Sellco, LLC, 5.75%, 5/15/26(1)		2,962	$	2,456,179
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.875%, 2/15/30(1)		298		270,715
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 6.25%, 9/15/27(1)		603		604,396
Consus Real Estate AG, 9.625%, 5/15/24(2)	EUR	2,663		3,403,518
Ellaktor Value PLC, 6.375%, 12/15/24(2)	EUR	3,038		2,813,936
ESH Hospitality, Inc., 4.625%, 10/1/27(1)		1,870		1,801,838
ESH Hospitality, Inc., 5.25%, 5/1/25(1)		822		840,869
Five Point Operating Co., L.P./Five Point Capital Corp., 7.875%, 11/15/25(1)		1,749		1,695,454
Greystar Real Estate Partners, LLC, 5.75%, 12/1/25(1)		5,478		5,546,475
HAT Holdings I, LLC/HAT Holdings II, LLC, 6.00%, 4/15/25(1)		1,287		1,386,743
M/I Homes, Inc., 4.95%, 2/1/28		1,537		1,584,071
RHP Hotel Properties, L.P./RHP Finance Corp., 5.00%, 4/15/23		1,513		1,476,907
Service Properties Trust, 5.00%, 8/15/22		1,515		1,499,594
Service Properties Trust, 7.50%, 9/15/25		1,571		1,667,332
Shea Homes, L.P./Shea Homes Funding Corp., 4.75%, 2/15/28(1)		2,382		2,504,661
Taylor Morrison Communities, Inc., 5.125%, 8/1/30(1)		1,066		1,169,935
Taylor Morrison Communities, Inc., 5.75%, 1/15/28(1)		1,071		1,206,235
Taylor Morrison Communities, Inc., 5.875%, 6/15/27(1)		1,493		1,653,169
TRI Pointe Group, Inc., 5.70%, 6/15/28		488		539,240
Vivion Investments S.a.r.l., 3.00%, 8/8/24(2)	EUR	3,800		4,049,450
Vivion Investments S.a.r.l., 3.50%, 11/1/25(2)	EUR	300		317,499
			$	38,488,216
Insurance — 1.6%
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(1)		5,118	$	5,446,524
AmWINS Group, Inc., 7.75%, 7/1/26(1)		1,299		1,435,148
GTCR AP Finance, Inc., 8.00%, 5/15/27(1)		883		934,709
Hub International, Ltd., 7.00%, 5/1/26(1)		3,723		3,903,584
NFP Corp., 6.875%, 8/15/28(1)(6)		2,560		2,576,000
USI, Inc., 6.875%, 5/1/25(1)		1,774		1,823,876
			$	16,119,841
Leisure — 1.1%
Carnival Corp., 11.50%, 4/1/23(1)		830	$	904,472
Merlin Entertainments, Ltd., 5.75%, 6/15/26(1)		413		393,820
NCL Corp, Ltd., 3.625%, 12/15/24(1)		1,755		1,163,170
NCL Corp, Ltd., 10.25%, 2/1/26(1)		1,475		1,475,000
Powdr Corp., 6.00%, 8/1/25(1)		1,615		1,657,394

8

Security	Principal Amount* (000’s omitted)		Value
Viking Cruises, Ltd., 5.875%, 9/15/27(1)		5,967	$	3,934,491
Viking Cruises, Ltd., 6.25%, 5/15/25(1)		1,820		1,203,284
			$	10,731,631
Metals & Mining — 2.8%
Arconic Corp., 6.125%, 2/15/28(1)		2,096	$	2,240,781
Cleveland-Cliffs, Inc., 6.75%, 3/15/26(1)		3,326		3,346,788
Cleveland-Cliffs, Inc., 9.875%, 10/17/25(1)		701		766,719
Constellium SE, 5.875%, 2/15/26(1)		1,392		1,438,152
Eldorado Gold Corp., 9.50%, 6/1/24(1)		1,294		1,418,412
First Quantum Minerals, Ltd., 6.875%, 3/1/26(1)		1,198		1,203,768
First Quantum Minerals, Ltd., 7.50%, 4/1/25(1)		2,736		2,766,780
Freeport-McMoRan, Inc., 4.55%, 11/14/24		1,685		1,841,039
Freeport-McMoRan, Inc., 5.45%, 3/15/43		2,787		3,106,000
New Gold, Inc., 6.375%, 5/15/25(1)		2,589		2,689,052
New Gold, Inc., 7.50%, 7/15/27(1)		2,567		2,801,239
Novelis Corp., 4.75%, 1/30/30(1)		2,115		2,210,989
Novelis Corp., 5.875%, 9/30/26(1)		2,118		2,262,363
			$	28,092,082
Paper — 0.5%
Boise Cascade Co., 4.875%, 7/1/30(1)		1,097	$	1,168,305
Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26(1)		3,340		3,605,113
			$	4,773,418
Railroad — 0.3%
Watco Cos., LLC/Watco Finance Corp., 6.50%, 6/15/27(1)		3,004	$	3,221,790
			$	3,221,790
Restaurant — 0.3%
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.25%, 5/15/24(1)		860	$	878,060
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.75%, 4/15/25(1)		581		622,518
IRB Holding Corp., 7.00%, 6/15/25(1)		679		739,686
Yum! Brands, Inc., 7.75%, 4/1/25(1)		476		535,202
			$	2,775,466
Services — 2.5%
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 6.625%, 7/15/26(1)		1,121	$	1,200,871
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 9.75%, 7/15/27(1)		1,408		1,567,470
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.25%, 3/15/25(1)		1,050		990,937
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.75%, 7/15/27(1)		852		797,924
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 6.375%, 4/1/24(1)		350		335,526
Booz Allen Hamilton, Inc., 5.125%, 5/1/25(1)		735		754,217
Gartner, Inc., 4.50%, 7/1/28(1)		1,449		1,523,261
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(1)		2,936		2,862,600
IAA, Inc., 5.50%, 6/15/27(1)		378		403,751
Iron Mountain, Inc., 5.25%, 7/15/30(1)		1,858		1,952,061
Iron Mountain, Inc., 5.625%, 7/15/32(1)		1,264		1,358,945
Korn Ferry, 4.625%, 12/15/27(1)		599		617,569
Picasso Finance Sub, Inc., 6.125%, 6/15/25(1)		688		731,998

9

Security	Principal Amount* (000’s omitted)		Value
Reliance Intermediate Holdings, L.P., 6.50%, 4/1/23(1)		760	$	773,680
Sabre GLBL, Inc., 9.25%, 4/15/25(1)		760		838,375
ServiceMaster Co., LLC (The), 7.45%, 8/15/27		5,185		5,598,815
TMS International Holding Corp., 7.25%, 8/15/25(1)		1,249		1,042,915
United Rentals North America, Inc., 3.875%, 2/15/31(6)		1,055		1,055,000
Univar Solutions USA, Inc., 5.125%, 12/1/27(1)		611		647,165
			$	25,053,080
Steel — 1.2%
Allegheny Ludlum, LLC, 6.95%, 12/15/25		1,821	$	1,763,902
Allegheny Technologies, Inc., 5.875%, 12/1/27		1,697		1,615,332
Allegheny Technologies, Inc., 7.875%, 8/15/23		2,280		2,406,483
Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24(1)		4,440		4,195,800
Joseph T. Ryerson & Son, Inc., 8.50%, 8/1/28(1)		1,830		1,962,675
			$	11,944,192
Super Retail — 1.7%
Asbury Automotive Group, Inc., 4.50%, 3/1/28(1)		228	$	234,497
Asbury Automotive Group, Inc., 4.75%, 3/1/30(1)		319		327,772
Burlington Coat Factory Warehouse Corp., 6.25%, 4/15/25(1)		1,576		1,689,275
L Brands, Inc., 6.75%, 7/1/36		381		368,941
L Brands, Inc., 6.875%, 7/1/25(1)		717		773,277
L Brands, Inc., 6.875%, 11/1/35		2,242		2,153,049
L Brands, Inc., 7.60%, 7/15/37		426		363,930
L Brands, Inc., 9.375%, 7/1/25(1)		502		560,357
PVH Corp., 7.75%, 11/15/23		3,385		3,752,720
Sonic Automotive, Inc., 6.125%, 3/15/27		4,675		4,855,268
William Carter Co. (The), 5.50%, 5/15/25(1)		499		531,907
William Carter Co. (The), 5.625%, 3/15/27(1)		1,510		1,612,537
			$	17,223,530
Technology — 3.7%
Alliance Data Systems Corp., 4.75%, 12/15/24(1)		1,804	$	1,674,338
BY Crown Parent, LLC/BY Bond Finance, Inc., 4.25%, 1/31/26(1)		600		624,180
CDK Global, Inc., 5.25%, 5/15/29(1)		984		1,078,454
Dell International, LLC/EMC Corp., 5.85%, 7/15/25(1)		790		921,702
Dell International, LLC/EMC Corp., 6.10%, 7/15/27(1)		1,588		1,879,832
Dell International, LLC/EMC Corp., 6.20%, 7/15/30(1)		794		968,768
Dell International, LLC/EMC Corp., 7.125%, 6/15/24(1)		4,834		5,023,541
EIG Investors Corp., 10.875%, 2/1/24		4,750		4,874,189
Entegris, Inc., 4.375%, 4/15/28(1)		1,481		1,567,579
Entegris, Inc., 4.625%, 2/10/26(1)		1,137		1,182,696
Expedia Group, Inc., 6.25%, 5/1/25(1)		748		818,979
Expedia Group, Inc., 7.00%, 5/1/25(1)		373		404,290
Go Daddy Operating Co., LLC/GD Finance Co., Inc., 5.25%, 12/1/27(1)		2,305		2,463,042
Open Text Corp., 3.875%, 2/15/28(1)		1,693		1,771,572
Open Text Holdings, Inc., 4.125%, 2/15/30(1)		1,481		1,557,923
Presidio Holdings, Inc., 4.875%, 2/1/27(1)		591		603,837
Presidio Holdings, Inc., 8.25%, 2/1/28(1)		1,677		1,749,321
PTC, Inc., 3.625%, 2/15/25(1)		840		872,987

10

Security	Principal Amount* (000’s omitted)		Value
PTC, Inc., 4.00%, 2/15/28(1)		845	$	889,658
Riverbed Technology, Inc., 8.875%, 3/1/23(1)		3,543		2,187,803
Sensata Technologies UK Financing Co. PLC, 6.25%, 2/15/26(1)		3,172		3,346,190
SS&C Technologies, Inc., 5.50%, 9/30/27(1)		961		1,034,276
			$	37,495,157
Telecommunications — 8.1%
Altice Financing S.A., 2.25%, 1/15/25(2)	EUR	2,933	$	3,319,354
Altice Financing S.A., 7.50%, 5/15/26(1)		1,705		1,835,432
Altice Finco S.A., 4.75%, 1/15/28(2)	EUR	1,369		1,505,511
Altice France Holding S.A., 6.00%, 2/15/28(1)		1,430		1,430,922
Altice France Holding S.A., 10.50%, 5/15/27(1)		1,614		1,853,074
Altice France S.A., 5.50%, 1/15/28(1)		1,478		1,562,061
Altice France S.A., 7.375%, 5/1/26(1)		3,518		3,756,169
Altice France S.A., 8.125%, 2/1/27(1)		4,715		5,275,401
CenturyLink, Inc., 6.75%, 12/1/23		1,804		2,004,695
CenturyLink, Inc., 7.50%, 4/1/24		359		407,016
Connect Finco S.a.r.l./Connect US Finco, LLC, 6.75%, 10/1/26(1)		4,539		4,661,326
Digicel International Finance, Ltd./Digicel Holdings Bermuda, Ltd., 8.75%, 5/25/24(1)		1,734		1,753,420
DKT Finance ApS, 9.375%, 6/17/23(1)		201		203,261
Frontier California, Inc., 6.75%, 5/15/27(8)		895		836,548
Hughes Satellite Systems Corp., 5.25%, 8/1/26		2,793		3,076,322
Intelsat Jackson Holdings S.A., 5.50%, 8/1/23(8)		785		493,588
Intelsat Jackson Holdings S.A., 8.50%, 10/15/24(1)(8)		2,586		1,713,225
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(1)		1,337		1,446,300
Level 3 Financing, Inc., 4.25%, 7/1/28(1)		3,656		3,815,036
Level 3 Financing, Inc., 5.25%, 3/15/26		2,180		2,279,670
Level 3 Financing, Inc., 5.375%, 1/15/24		2,215		2,260,994
SBA Communications Corp., 4.00%, 10/1/22		2,295		2,331,181
Sprint Capital Corp., 6.875%, 11/15/28		1,260		1,637,307
Sprint Corp., 7.125%, 6/15/24		2,270		2,651,156
Sprint Corp., 7.25%, 9/15/21		2,545		2,694,519
Sprint Corp., 7.625%, 2/15/25		3,285		3,996,022
Sprint Corp., 7.625%, 3/1/26		2,179		2,727,008
Sprint Corp., 7.875%, 9/15/23		5,496		6,389,100
T-Mobile USA, Inc., 4.75%, 2/1/28		1,095		1,187,911
T-Mobile USA, Inc., 6.375%, 3/1/25		1,225		1,258,736
T-Mobile USA, Inc., 6.50%, 1/15/26		6,587		6,951,920
Telecom Italia Capital S.A., 6.00%, 9/30/34		1,043		1,269,670
Telecom Italia SpA, 5.303%, 5/30/24(1)		1,080		1,208,525
ViaSat, Inc., 5.625%, 4/15/27(1)		1,494		1,586,650
			$	81,379,030
Transport Excluding Air & Rail — 0.4%
XPO Logistics, Inc., 6.125%, 9/1/23(1)		1,310	$	1,339,207
XPO Logistics, Inc., 6.50%, 6/15/22(1)		3,203		3,218,134
			$	4,557,341
Utility — 3.8%
AES Corp. (The), 5.125%, 9/1/27		968	$	1,050,653
AES Corp. (The), 5.50%, 4/15/25		263		271,709
AES Corp. (The), 6.00%, 5/15/26		5,810		6,157,525

11

Security	Principal Amount* (000’s omitted)		Value
Calpine Corp., 4.50%, 2/15/28(1)		1,810	$	1,871,866
Calpine Corp., 4.625%, 2/1/29(1)(6)		1,060		1,073,229
Calpine Corp., 5.00%, 2/1/31(1)(6)		1,420		1,458,880
Calpine Corp., 5.125%, 3/15/28(1)		2,554		2,656,581
Calpine Corp., 5.75%, 1/15/25		3,006		3,100,689
Clearway Energy Operating, LLC, 4.75%, 3/15/28(1)		693		741,295
Drax Finco PLC, 6.625%, 11/1/25(1)		1,493		1,560,342
Ferrellgas, L.P./Ferrellgas Finance Corp., 10.00%, 4/15/25(1)		1,906		2,102,556
NextEra Energy Operating Partners, L.P., 4.25%, 9/15/24(1)		1,485		1,583,381
NextEra Energy Operating Partners, L.P., 4.50%, 9/15/27(1)		1,602		1,746,180
NRG Energy, Inc., 5.25%, 6/15/29(1)		1,247		1,381,657
NRG Energy, Inc., 7.25%, 5/15/26		2,324		2,511,837
Pattern Energy Operations, L.P./Pattern Energy Operations, Inc., 4.50%, 8/15/28(1)		1,065		1,131,563
TerraForm Power Operating, LLC, 4.25%, 1/31/23(1)		1,410		1,481,628
TerraForm Power Operating, LLC, 5.00%, 1/31/28(1)		2,981		3,293,454
Vistra Operations Co., LLC, 4.30%, 7/15/29(1)		373		403,010
Vistra Operations Co., LLC, 5.00%, 7/31/27(1)		2,344		2,504,564
			$	38,082,599
Total Corporate Bonds & Notes (identified cost $892,477,275)			$	901,963,838
Senior Floating-Rate Loans — 5.2%(9)
Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Building Materials — 0.1%
Hillman Group, Inc. (The), Term Loan, 5.07%, (6 mo. USD LIBOR + 4.00%), Maturing 5/31/25	$	1,193	$	1,146,118
			$	1,146,118
Capital Goods — 0.1%
Welbilt, Inc., Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing 10/23/25	$	1,321	$	1,162,584
			$	1,162,584
Diversified Media — 0.1%
Nielsen Finance, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 6/4/25	$	622	$	625,163
			$	625,163
Food, Beverage & Tobacco — 0.5%
BellRing Brands, LLC, Term Loan, 6.00%, (1 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing 10/21/24	$	910	$	914,076
HLF Financing S.a.r.l., Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing 8/18/25		3,704		3,660,966
			$	4,575,042

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Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Gaming — 0.9%
Lago Resort & Casino, LLC, Term Loan, 10.57%, (6 mo. USD LIBOR + 9.50%), Maturing 3/7/22	$	947	$	828,271
Peninsula Pacific Entertainment, LLC, Term Loan, 7.56%, (3 mo. USD LIBOR + 7.25%), Maturing 11/13/24		2,052		1,826,153
Playtika Holding Corp., Term Loan, 7.07%, (6 mo. USD LIBOR + 6.00%), Maturing 12/10/24		5,313		5,370,467
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, Maturing 12/23/25(10)		111		103,885
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (3 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25		1,529		1,433,615
			$	9,562,391
Healthcare — 0.5%
Elanco Animal Health, Inc., Term Loan, Maturing 8/1/27(11)	$	2,156	$	1,998,125
Envision Healthcare Corporation, Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing 10/10/25		1,781		1,193,022
RegionalCare Hospital Partners Holdings, Inc., Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing 11/17/25		2,089		2,043,111
			$	5,234,258
Insurance — 1.5%
Asurion, LLC, Term Loan - Second Lien, 6.66%, (1 mo. USD LIBOR + 6.50%), Maturing 8/4/25	$	11,752	$	11,865,670
Sedgwick Claims Management Services, Inc., Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing 12/31/25		3,375		3,230,585
			$	15,096,255
Metals & Mining — 0.2%
GrafTech Finance, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing 2/12/25	$	1,693	$	1,652,681
			$	1,652,681
Services — 0.2%
AlixPartners, LLP, Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing 4/4/24	$	2,153	$	2,111,108
			$	2,111,108
Steel — 0.2%
Big River Steel, LLC, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing 8/23/23	$	2,635	$	2,506,996
			$	2,506,996
Super Retail — 0.3%
PetSmart, Inc., Term Loan, 5.00%, (6 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing 3/11/22	$	3,117	$	3,111,688
			$	3,111,688
Technology — 0.3%
EIG Investors Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 2/9/23	$	3,274	$	3,251,812
			$	3,251,812
Telecommunications — 0.3%
Intelsat Jackson Holdings S.A., DIP Loan, 5.05%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing 7/13/22(10)	$	1,012	$	1,030,515

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Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Intelsat Jackson Holdings S.A., Term Loan, 8.63%, Maturing 1/2/24(12)	$	1,640	$	1,663,575
			$	2,694,090
Total Senior Floating-Rate Loans (identified cost $53,694,911)			$	52,730,186
Convertible Bonds — 0.2%
Security	Principal Amount (000’s omitted)		Value
Air Transportation — 0.2%
Air Transport Services Group, Inc., 1.125%, 10/15/24	$	1,568	$	1,585,138
			$	1,585,138
Leisure — 0.0%(13)
Royal Caribbean Cruises, Ltd., 4.25%, 6/15/23(1)	$	277	$	264,079
			$	264,079
Total Convertible Bonds (identified cost $1,693,841)			$	1,849,217
Commercial Mortgage-Backed Securities — 0.2%
Security	Principal Amount (000’s omitted)		Value
Commercial Mortgage-Backed Securities — 0.2%
BAMLL Commercial Mortgage Securities Trust, Series 2019-BPR, Class ENM, 3.843%, 11/5/32(1)(14)	$	3,190	$	2,076,178
Total Commercial Mortgage-Backed Securities (identified cost $3,024,523)			$	2,076,178
Common Stocks — 1.1%
Security	Shares		Value
Broadcasting — 0.0%(13)
iHeartMedia, Inc., Class A(15)(16)		45,215	$	377,998
			$	377,998
Consumer Products — 0.0%(13)
HF Holdings, Inc.(15)(17)(18)		13,600	$	70,584
			$	70,584

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Security	Shares		Value
Diversified Media — 0.0%(13)
Clear Channel Outdoor Holdings, Inc.(15)(16)		241,531	$	221,363
			$	221,363
Energy — 0.2%
Ascent CNR Corp., Class A(15)(17)(18)		6,273,462	$	1,549,545
Nine Point Energy Holdings, Inc.(15)(17)(18)		31,737		0
			$	1,549,545
Environmental — 0.1%
GFL Environmental, Inc.		65,500	$	1,414,800
			$	1,414,800
Gaming — 0.0%
New Cotai Participation Corp., Class B(15)(17)(18)		7	$	0
			$	0
Healthcare — 0.4%
Acadia Healthcare Co., Inc.(15)		40,000	$	1,192,400
Bausch Health Cos., Inc.(15)		110,000		2,009,700
Elanco Animal Health, Inc.(15)		30,000		708,900
			$	3,911,000
Paper — 0.2%
AZEK Co., Inc. (The)(15)		60,458	$	2,085,801
			$	2,085,801
Utility — 0.2%
NextEra Energy Partners, L.P.		30,000	$	1,866,000
			$	1,866,000
Total Common Stocks (identified cost $12,934,964)			$	11,497,091
Preferred Stocks — 0.1%
Security	Shares		Value
Building Materials — 0.1%
WESCO International, Inc., Series A, 10.625% to 6/22/25(5)		38,000	$	1,030,560
			$	1,030,560
Total Preferred Stocks (identified cost $1,012,612)			$	1,030,560

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Convertible Preferred Stocks — 0.3%
Security	Shares		Value
Energy — 0.0%
Nine Point Energy Holdings, Inc., Series A, 12.00%(7)(15)(17)(18)		591	$	0
			$	0
Environmental — 0.1%
GFL Environmental, Inc., 6.00%		17,467	$	966,449
			$	966,449
Healthcare — 0.2%
Becton Dickinson and Co., Series B, 6.00%		24,000	$	1,447,200
			$	1,447,200
Total Convertible Preferred Stocks (identified cost $2,688,310)			$	2,413,649
Miscellaneous — 0.9%
Security	Shares		Value
Cable & Satellite TV — 0.0%
ACC Claims Holdings, LLC(17)		8,415,190	$	0
			$	0
Gaming — 0.9%
PGP Investors, LLC, Membership Interests(15)(17)(18)		30,326	$	9,421,353
			$	9,421,353
Total Miscellaneous (identified cost $2,419,333)			$	9,421,353

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Short-Term Investments — 1.9%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.22%(19)		18,806,788	$	18,804,907
Total Short-Term Investments (identified cost $18,806,035)			$	18,804,907
Total Investments — 99.3% (identified cost $988,751,804)			$	1,001,786,979
Less Unfunded Loan Commitments — (0.1)%			$	(616,792	)
Net Investments — 99.2% (identified cost $988,135,012)			$	1,001,170,187
Other Assets, Less Liabilities — 0.8%			$	8,325,627
Net Assets — 100.0%			$	1,009,495,814

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

* In U.S. dollars unless otherwise indicated.

(1) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At July 31, 2020, the aggregate value of these securities is $580,603,941 or 57.5% of the Portfolio’s net assets.

(2) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2020, the aggregate value of these securities is $32,356,688 or 3.2% of the Portfolio’s net assets.

(3) Variable rate security. The stated interest rate represents the rate in effect at July 31, 2020.

(4) Perpetual security with no stated maturity date but may be subject to calls by the issuer.

(5) Security converts to variable rate after the indicated fixed-rate coupon period.

(6) When-issued security.

(7) Represents a payment-in-kind security which may pay interest/dividends in additional principal/shares at the issuer’s discretion.

(8) Issuer is in default with respect to interest and/or principal payments.

(9) Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate.

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(10) Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain loan agreements all or a portion of which may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At July 31, 2020, the total value of unfunded loan commitments is $619,143.

(11) This Senior Loan will settle after July 31, 2020, at which time the interest rate will be determined.

(12) Fixed-rate loan.

(13) Amount is less than 0.05%.

(14) Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at July 31, 2020.

(15) Non-income producing security.

(16) Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

(17) For fair value measurement disclosure purposes, security is categorized as Level 3.

(18) Restricted security.

(19) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of July 31, 2020.

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
USD	11,965,428		EUR	10,143,339	Bank of America, N.A.		10/30/20	$	—	$	(4,750	)
USD	5,980,529		EUR	5,071,670	Citibank, N.A.		10/30/20		—		(4,560	)
USD	6,694,552		EUR	5,676,938	Goldman Sachs International		10/30/20		—		(4,815	)
USD	11,961,595		EUR	10,143,339	State Street Bank and Trust Company		10/30/20		—		(8,583	)
USD	1,383,330		GBP	1,066,000	Bank of America, N.A.		10/30/20		—		(12,684	)
USD	1,343,742		GBP	1,035,412	Citibank, N.A.		10/30/20		—		(12,214	)
								$	—	$	(47,606	)

Abbreviations:
DIP	-	Debtor In Possession
LIBOR	-	London Interbank Offered Rate
PIK	-	Payment In Kind
Currency Abbreviations:
EUR	-	Euro
GBP	-	British Pound Sterling
USD	-	United States Dollar

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Restricted Securities

At July 31, 2020, the Portfolio owned the following securities (representing 1.1% of net assets) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Portfolio has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.

Description	Date of Acquisition		Shares		Cost		Value
Common Stocks
Ascent CNR Corp., Class A		4/25/16, 11/16/16		6,273,462	$	0	$	1,549,545
HF Holdings, Inc.		10/27/09		13,600		730,450		70,584
New Cotai Participation Corp., Class B		4/12/13		7		216,125		0
Nine Point Energy Holdings, Inc.		7/15/14, 10/21/14		31,737		1,460,742		0
Total Common Stocks					$	2,407,317	$	1,620,129
Convertible Preferred Stocks
Nine Point Energy Holdings, Inc., Series A, 12.00%		5/26/17		591	$	591,000	$	0
Total Convertible Preferred Stocks					$	591,000	$	0
Miscellaneous
PGP Investors, LLC, Membership Interests		10/23/12, 2/18/15, 4/23/18		30,326	$	2,419,333	$	9,421,353
Total Miscellaneous					$	2,419,333	$	9,421,353
Total Restricted Securities					$	5,417,650	$	11,041,482

At July 31, 2020, the Portfolio had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Portfolio is subject to foreign exchange risk in the normal course of pursuing its investment objective. Because the Portfolio holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Portfolio enters into forward foreign currency exchange contracts.

At July 31, 2020, the value of the Portfolio’s investment in affiliated funds was $18,804,907, which represents 1.9% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended July 31, 2020 were as follows:

Name of affiliated fund	Value, beginning of period		Purchases		Sales proceeds			Net realized gain (loss)	Change in unrealized appreciation (depreciation)			Value, end of period		Dividend income		Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC	$	33,802,709	$	355,268,016	$	(370,271,755	)	$  10,686	$	(4,749	)	$	18,804,907	$	247,804		18,806,788

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

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• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

20

At July 31, 2020, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3*		Total
Corporate Bonds & Notes	$	—	$	901,963,838		$	—	$	901,963,838
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)		—		52,113,394			—		52,113,394
Convertible Bonds		—		1,849,217			—		1,849,217
Commercial Mortgage-Backed Securities		—		2,076,178			—		2,076,178
Common Stocks		9,876,962		—			1,620,129		11,497,091
Preferred Stocks		1,030,560		—			—		1,030,560
Convertible Preferred Stocks		2,413,649		—			0		2,413,649
Miscellaneous		—		—			9,421,353		9,421,353
Short-Term Investments		—		18,804,907			—		18,804,907
Total Investments	$	13,321,171	$	976,807,534		$	11,041,482	$	1,001,170,187
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(47,606	)	$	—	$	(47,606	)
Total	$	—	$	(47,606	)	$	—	$	(47,606	)

* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Portfolio.

21

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended July 31, 2020 is not presented.

For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

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