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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BlackRock Corporate High Yield Fund Inc | NYSE:HYT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.035 | 0.36% | 9.845 | 9.865 | 9.77 | 9.82 | 668,275 | 18:04:20 |
Security
|
|
Par
(000)
|
Value
|
Asset-Backed Securities
|
|||
Ares XXXIIR CLO Ltd., Series 2014-32RA, Class B,
(3-mo. CME Term SOFR + 2.06%), 7.18%,
05/15/30(a)(b)
|
USD
|
500
|
$ 501,536
|
Arini European CLO I DAC, Series 1X, Class D, (3-mo.
EURIBOR + 6.04%), 9.73%, 07/15/36(a)(c)
|
EUR
|
100
|
114,265
|
Cairn CLO XVI DAC, Series 2023-16X, Class D, (3-mo.
EURIBOR + 5.20%), 8.89%, 01/15/37(a)(c)
|
|
100
|
114,238
|
CIFC European Funding CLO I DAC, Series 1X,
Class DR, (3-mo. EURIBOR + 3.20%), 6.89%,
07/15/32(a)(c)
|
|
100
|
111,457
|
Contego CLO VII DAC, Series 7X, Class D, (3-mo.
EURIBOR + 3.95%), 7.65%, 05/14/32(a)(c)
|
|
100
|
112,358
|
CVC Cordatus Loan Fund XXII DAC, Series 22X,
Class D, (3-mo. EURIBOR + 3.15%), 6.63%,
12/15/34(a)(c)
|
|
100
|
111,528
|
Galaxy XXVIII CLO Ltd., Series 2018-28A, Class C,
(3-mo. CME Term SOFR + 2.21%), 7.51%,
07/15/31(a)(b)
|
USD
|
250
|
250,366
|
Greene King Finance PLC(a)
|
|
|
|
Series 06, Class B2, (3-mo. LIBOR GBP + 2.20%),
7.18%, 03/15/36(c)
|
GBP
|
100
|
107,021
|
Series B1, (3-mo. LIBOR GBP + 1.92%), 6.90%,
12/15/34
|
|
100
|
114,844
|
Margay CLO I DAC, Series 1X, Class D, (3-mo.
EURIBOR + 6.40%), 10.09%, 07/15/36(a)(c)
|
EUR
|
100
|
112,748
|
Neuberger Berman Loan Advisers Euro CLO DAC,
Series 2021-2X, Class E, (3-mo. EURIBOR + 6.06%),
9.75%, 04/15/34(a)(c)
|
|
100
|
112,463
|
Palmer Square European CLO DAC, Series 2023-1X,
Class D, (3-mo. EURIBOR + 6.20%), 9.89%,
07/15/36(a)(c)
|
|
100
|
112,515
|
Rockfield Park CLO DAC(a)(c)
|
|
|
|
Series 1X, Class C, (3-mo. EURIBOR + 3.00%),
6.66%, 07/16/34
|
|
100
|
111,517
|
Series 1X, Class D, (3-mo. EURIBOR + 5.95%),
9.61%, 07/16/34
|
|
100
|
112,606
|
Sona Fios CLO III DAC, Series 3X, Class D, (3-mo.
EURIBOR + 3.25%), 6.41%, 04/20/37(a)(c)
|
|
110
|
122,069
|
Unique Pub Finance Co. PLC, Series 02, Class N,
6.46%, 03/30/32(c)
|
GBP
|
100
|
137,548
|
Total Asset-Backed Securities — 0.1%
(Cost: $2,317,515)
|
2,359,079
|
|
|
Shares
|
|
Common Stocks
|
|||
Building Products — 0.1%
|
|
||
JELD-WEN Holding, Inc.(d)
|
|
69,618
|
1,100,661
|
Electrical Equipment — 0.0%
|
|
||
SunPower Corp.(d)
|
|
1,025
|
—
|
Energy Equipment & Services — 0.0%
|
|
||
Nine Energy Service, Inc.(d)
|
|
2,390
|
2,701
|
Life Sciences Tools & Services — 0.1%
|
|
||
Avantor, Inc.(d)
|
|
69,632
|
1,801,380
|
Metals & Mining — 0.2%
|
|
||
Constellium SE, Class A(d)
|
|
138,993
|
2,260,026
|
Security
|
|
Shares
|
Value
|
Oil, Gas & Consumable Fuels — 0.0%
|
|
||
NGL Energy Partners LP(d)
|
|
135,089
|
$ 607,901
|
Semiconductors & Semiconductor Equipment — 0.0%
|
|
||
Maxeon Solar Technologies Ltd.(d)
|
|
128
|
12
|
Specialized REITs — 0.2%
|
|
||
VICI Properties, Inc.
|
|
88,617
|
2,951,832
|
Total Common Stocks — 0.6%
(Cost: $7,823,479)
|
8,724,513
|
|
|
Par
(000)
|
|
Corporate Bonds
|
|||
Advertising Agencies(b) — 1.7%
|
|||
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
5.13%, 08/15/27
|
USD
|
440
|
432,567
|
9.00%, 09/15/28
|
|
2,715
|
2,886,365
|
7.50%, 06/01/29
|
|
9,968
|
8,585,030
|
7.88%, 04/01/30
|
|
3,960
|
4,140,956
|
CMG Media Corp., 8.88%, 12/15/27
|
|
887
|
518,895
|
Neptune Bidco U.S., Inc., 9.29%, 04/15/29
|
|
3,552
|
3,479,361
|
Outfront Media Capital LLC/Outfront Media Capital
Corp.
|
|
|
|
4.25%, 01/15/29
|
|
1,152
|
1,096,875
|
4.63%, 03/15/30
|
|
1,550
|
1,472,795
|
7.38%, 02/15/31
|
|
1,528
|
1,631,125
|
Stagwell Global LLC, 5.63%, 08/15/29
|
|
553
|
534,651
|
|
|
|
24,778,620
|
Aerospace & Defense(b) — 2.9%
|
|||
Boeing Co.
|
|
|
|
6.86%, 05/01/54
|
|
2,126
|
2,333,519
|
7.01%, 05/01/64
|
|
1,191
|
1,312,218
|
Bombardier, Inc.
|
|
|
|
7.88%, 04/15/27
|
|
660
|
661,853
|
6.00%, 02/15/28
|
|
3,089
|
3,109,421
|
8.75%, 11/15/30
|
|
2,381
|
2,614,515
|
7.25%, 07/01/31
|
|
978
|
1,033,927
|
7.00%, 06/01/32
|
|
1,290
|
1,349,257
|
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%,
08/15/26
|
|
3,695
|
3,683,767
|
Spirit AeroSystems, Inc.
|
|
|
|
9.38%, 11/30/29
|
|
2,657
|
2,882,452
|
9.75%, 11/15/30
|
|
2,077
|
2,315,855
|
TransDigm, Inc.
|
|
|
|
7.13%, 12/01/31
|
|
3,475
|
3,675,373
|
6.63%, 03/01/32
|
|
11,725
|
12,209,735
|
6.00%, 01/15/33
|
|
831
|
842,771
|
Triumph Group, Inc., 9.00%, 03/15/28
|
|
3,661
|
3,832,391
|
|
|
|
41,857,054
|
Air Freight & Logistics — 0.1%
|
|||
Rand Parent LLC, 8.50%, 02/15/30(b)
|
|
918
|
936,216
|
Automobile Components — 1.9%
|
|||
Clarios Global LP/Clarios U.S. Finance Co.
|
|
|
|
4.38%, 05/15/26(c)
|
EUR
|
1,576
|
1,748,447
|
8.50%, 05/15/27(b)
|
USD
|
14,182
|
14,228,177
|
6.75%, 05/15/28(b)
|
|
7,384
|
7,611,088
|
Dana Financing Luxembourg SARL, 8.50%, 07/15/31(c)
|
EUR
|
100
|
118,493
|
Forvia SE(c)
|
|
|
|
2.75%, 02/15/27
|
|
167
|
178,479
|
Security
|
|
Par
(000)
|
Value
|
Automobile Components (continued)
|
|||
Forvia SE(c) (continued)
|
|
|
|
5.50%, 06/15/31
|
EUR
|
215
|
$ 237,233
|
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)
|
USD
|
766
|
783,921
|
Goodyear Europe BV, 2.75%, 08/15/28(c)
|
EUR
|
100
|
100,744
|
Goodyear Tire & Rubber Co., 5.63%, 04/30/33
|
USD
|
311
|
274,404
|
IHO Verwaltungs GmbH, (8.75% Cash or 9.50% PIK),
8.75%, 05/15/28(c)(e)
|
EUR
|
116
|
135,618
|
Mahle GmbH, 6.50%, 05/02/31(c)
|
|
206
|
222,659
|
Phinia, Inc., 6.63%, 10/15/32(b)
|
USD
|
608
|
613,020
|
Tenneco, Inc., 8.00%, 11/17/28(b)
|
|
738
|
684,811
|
ZF Europe Finance BV, 6.13%, 03/13/29(c)
|
EUR
|
100
|
113,444
|
ZF Finance GmbH(c)
|
|
|
|
5.75%, 08/03/26
|
|
200
|
226,412
|
2.00%, 05/06/27
|
|
200
|
207,090
|
2.75%, 05/25/27
|
|
100
|
105,413
|
|
|
|
27,589,453
|
Automobiles — 1.1%
|
|||
Asbury Automotive Group, Inc., 5.00%, 02/15/32(b)
|
USD
|
306
|
290,174
|
Aston Martin Capital Holdings Ltd.
|
|
|
|
10.00%, 03/31/29(b)
|
|
767
|
752,641
|
10.38%, 03/31/29(c)
|
GBP
|
104
|
138,410
|
Carvana Co.(b)(e)
|
|
|
|
(13.00% PIK), 13.00%, 06/01/30
|
USD
|
2,047
|
2,226,077
|
(14.00% PIK), 14.00%, 06/01/31
|
|
4,651
|
5,478,747
|
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
|
|
1,059
|
1,119,643
|
Group 1 Automotive, Inc., 6.38%, 01/15/30(b)
|
|
775
|
787,312
|
Ken Garff Automotive LLC, 4.88%, 09/15/28(b)
|
|
680
|
657,677
|
LCM Investments Holdings II LLC(b)
|
|
|
|
4.88%, 05/01/29
|
|
968
|
930,120
|
8.25%, 08/01/31
|
|
1,807
|
1,918,709
|
RCI Banque SA(a)(c)
|
|
|
|
(5-year EUR Swap + 2.85%), 2.63%, 02/18/30
|
EUR
|
600
|
661,392
|
(5-year EURIBOR ICE Swap + 2.75%), 5.50%,
10/09/34
|
|
100
|
113,697
|
Wabash National Corp., 4.50%, 10/15/28(b)
|
USD
|
1,072
|
982,074
|
|
|
|
16,056,673
|
Banks — 0.8%
|
|||
Alpha Bank SA, (1-year EUR Swap + 2.43%), 5.00%,
05/12/30(a)(c)
|
EUR
|
125
|
144,549
|
Banca Monte dei Paschi di Siena SpA(c)
|
|
|
|
10.50%, 07/23/29
|
|
141
|
192,663
|
(3-mo. EURIBOR + 2.05%), 4.75%, 03/15/29(a)
|
|
100
|
114,695
|
Banco Bilbao Vizcaya Argentaria SA, (5-year EUR Swap
+ 4.27%), 6.88%(a)(c)(f)
|
|
200
|
228,474
|
Banco de Credito Social Cooperativo SA(a)(c)
|
|
|
|
(1-year EURIBOR ICE Swap + 1.70%), 4.13%,
09/03/30
|
|
100
|
112,772
|
(1-year EURIBOR ICE Swap + 4.27%), 7.50%,
09/14/29
|
|
200
|
253,425
|
Banco de Sabadell SA(a)(c)
|
|
|
|
(5-year EUR Swap + 2.95%), 2.50%, 04/15/31
|
|
100
|
109,512
|
(5-year EUR Swap + 3.15%), 6.00%, 08/16/33
|
|
100
|
119,083
|
Banco Espirito Santo SA(d)(g)
|
|
|
|
4.75%, 01/15/18
|
|
1,900
|
592,195
|
4.00%, 01/21/19
|
|
1,100
|
342,850
|
Commerzbank AG(a)(c)(f)
|
|
|
|
(5-year EUR Swap + 6.36%), 6.13%
|
|
400
|
446,520
|
(5-year EURIBOR ICE Swap + 5.13%), 7.88%
|
|
200
|
237,844
|
Deutsche Bank AG(a)(c)(f)
|
|
|
|
(5-year EURIBOR ICE Swap + 4.55%), 4.50%
|
|
200
|
204,680
|
Security
|
|
Par
(000)
|
Value
|
Banks (continued)
|
|||
Deutsche Bank AG(a)(c)(f) (continued)
|
|
|
|
(5-year EURIBOR ICE Swap + 5.26%), 8.13%
|
EUR
|
200
|
$ 231,813
|
Eurobank SA(a)(c)
|
|
|
|
(1-year EUR Swap + 1.80%), 4.00%, 09/24/30
|
|
100
|
112,017
|
(5-year EURIBOR ICE Swap + 2.17%), 4.88%,
04/30/31
|
|
100
|
116,228
|
First-Citizens Bank & Trust Co., 6.00%, 04/01/36
|
USD
|
3,261
|
3,304,997
|
Freedom Mortgage Corp., 12.25%, 10/01/30(b)
|
|
537
|
601,416
|
Intesa Sanpaolo SpA
|
|
|
|
5.15%, 06/10/30(c)
|
GBP
|
125
|
159,235
|
(1-year CMT + 2.60%), 4.20%, 06/01/32(a)(b)
|
USD
|
855
|
762,001
|
(1-year CMT + 2.75%), 4.95%, 06/01/42(a)(b)
|
|
630
|
505,644
|
National Bank of Greece SA, (5-year EURIBOR ICE
Swap + 3.15%), 5.88%, 06/28/35(a)(c)
|
EUR
|
175
|
202,872
|
Toronto-Dominion Bank, (5-year CMT + 2.98%), 7.25%,
07/31/84(a)
|
USD
|
2,046
|
2,131,627
|
UniCredit SpA, (5-year EUR Swap + 2.80%), 2.73%,
01/15/32(a)(c)
|
EUR
|
200
|
217,903
|
|
|
|
11,445,015
|
Biotechnology — 0.0%
|
|||
Cidron Aida Finco SARL, 6.25%, 04/01/28(c)
|
GBP
|
233
|
295,700
|
Broadline Retail(b) — 0.2%
|
|||
Rakuten Group, Inc.
|
|
|
|
11.25%, 02/15/27
|
USD
|
1,108
|
1,211,636
|
9.75%, 04/15/29
|
|
1,842
|
2,010,082
|
|
|
|
3,221,718
|
Building Materials — 2.9%
|
|||
Builders FirstSource, Inc., 6.38%, 03/01/34(b)
|
|
1,003
|
1,041,461
|
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)
|
|
1,092
|
1,105,015
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
6.38%, 12/15/30(b)
|
EUR
|
840
|
980,807
|
6.38%, 12/15/30(c)
|
|
200
|
233,525
|
6.63%, 12/15/30(b)
|
USD
|
15,582
|
16,066,522
|
6.75%, 07/15/31(b)
|
|
1,146
|
1,195,114
|
HT Troplast GmbH, 9.38%, 07/15/28(c)
|
EUR
|
124
|
142,336
|
JELD-WEN, Inc., 7.00%, 09/01/32(b)
|
USD
|
1,970
|
1,990,715
|
New Enterprise Stone & Lime Co., Inc.(b)
|
|
|
|
5.25%, 07/15/28
|
|
435
|
424,777
|
9.75%, 07/15/28
|
|
816
|
833,547
|
PCF GmbH, 4.75%, 04/15/29(c)
|
EUR
|
101
|
96,801
|
Smyrna Ready Mix Concrete LLC(b)
|
|
|
|
6.00%, 11/01/28
|
USD
|
4,762
|
4,779,577
|
8.88%, 11/15/31
|
|
3,579
|
3,860,644
|
Standard Building Solutions, Inc., 6.50%, 08/15/32(b)
|
|
1,745
|
1,806,867
|
Standard Industries, Inc.
|
|
|
|
2.25%, 11/21/26(c)
|
EUR
|
511
|
549,138
|
3.38%, 01/15/31(b)
|
USD
|
4,044
|
3,602,553
|
Summit Materials LLC/Summit Materials Finance Corp.,
7.25%, 01/15/31(b)
|
|
2,402
|
2,544,436
|
Wilsonart LLC, 11.00%, 08/15/32(b)
|
|
1,540
|
1,540,463
|
|
|
|
42,794,298
|
Building Products(b) — 0.9%
|
|||
Foundation Building Materials, Inc., 6.00%, 03/01/29
|
|
331
|
291,481
|
GYP Holdings III Corp., 4.63%, 05/01/29
|
|
2,104
|
2,005,718
|
White Cap Buyer LLC, 6.88%, 10/15/28
|
|
7,872
|
7,945,422
|
White Cap Parent LLC, (8.25% Cash or 9.00% PIK),
8.25%, 03/15/26(e)
|
|
2,707
|
2,708,722
|
|
|
|
12,951,343
|
Capital Markets — 1.6%
|
|||
Apollo Debt Solutions BDC, 6.90%, 04/13/29(b)
|
|
1,576
|
1,638,327
|
Security
|
|
Par
(000)
|
Value
|
Capital Markets (continued)
|
|||
Blackstone Private Credit Fund(b)
|
|
|
|
5.95%, 07/16/29
|
USD
|
697
|
$ 709,678
|
6.25%, 01/25/31
|
|
588
|
604,042
|
Blue Owl Capital Corp. II, 8.45%, 11/15/26(b)
|
|
767
|
805,318
|
Blue Owl Credit Income Corp.
|
|
|
|
7.75%, 09/16/27
|
|
1,852
|
1,951,102
|
6.60%, 09/15/29(b)
|
|
425
|
435,995
|
6.65%, 03/15/31
|
|
1,410
|
1,440,142
|
Blue Owl Technology Finance Corp. II, 6.75%,
04/04/29(b)
|
|
522
|
524,444
|
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)
|
|
1,129
|
1,096,829
|
HA Sustainable Infrastructure Capital, Inc., 6.38%,
07/01/34(b)
|
|
746
|
763,629
|
HPS Corporate Lending Fund, 6.75%, 01/30/29(b)
|
|
935
|
968,474
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
|
|
|
|
5.25%, 05/15/27
|
|
4,622
|
4,428,992
|
9.75%, 01/15/29(b)
|
|
1,542
|
1,599,783
|
4.38%, 02/01/29
|
|
1,689
|
1,476,098
|
9.00%, 06/15/30(b)
|
|
1,001
|
1,009,273
|
JPMorgan Chase Financial Co. LLC, 0.50%, 06/15/27(h)
|
|
1,053
|
1,059,318
|
Lehman Brothers Holdings, Inc.(d)(g)
|
|
|
|
5.38%, 10/17/12
|
EUR
|
350
|
1,208
|
6.30%, 05/17/13
|
USD
|
1,535
|
1,075
|
4.75%, 01/16/14
|
EUR
|
1,890
|
6,522
|
6.30%, 02/05/14
|
|
3,950
|
13,631
|
1.00%, 12/31/49
|
USD
|
430
|
301
|
Oaktree Strategic Credit Fund(b)
|
|
|
|
8.40%, 11/14/28
|
|
861
|
931,393
|
6.50%, 07/23/29
|
|
864
|
877,445
|
State Street Corp., Series I, (5-year CMT + 2.61%),
6.70%(a)(f)
|
|
1,390
|
1,440,022
|
|
|
|
23,783,041
|
Chemicals — 2.3%
|
|||
Avient Corp., 6.25%, 11/01/31(b)
|
|
769
|
788,323
|
Chemours Co.
|
|
|
|
4.00%, 05/15/26
|
EUR
|
206
|
227,921
|
5.38%, 05/15/27
|
USD
|
1,239
|
1,212,897
|
5.75%, 11/15/28(b)
|
|
1,320
|
1,253,886
|
4.63%, 11/15/29(b)
|
|
792
|
709,249
|
FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27(c)
|
EUR
|
100
|
111,048
|
Herens Holdco SARL, 4.75%, 05/15/28(b)
|
USD
|
3,799
|
3,315,674
|
Herens Midco SARL, 5.25%, 05/15/29(c)
|
EUR
|
102
|
84,902
|
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%,
07/01/28(b)
|
USD
|
1,013
|
1,024,145
|
INEOS Finance PLC, 6.38%, 04/15/29(c)
|
EUR
|
128
|
147,188
|
INEOS Quattro Finance 2 PLC(c)
|
|
|
|
2.50%, 01/15/26
|
|
100
|
110,758
|
8.50%, 03/15/29
|
|
186
|
219,184
|
Ingevity Corp., 3.88%, 11/01/28(b)
|
USD
|
494
|
463,887
|
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK),
9.25%, 11/01/26(b)(e)
|
|
1,486
|
1,239,094
|
Kronos International, Inc., 9.50%, 03/15/29(c)
|
EUR
|
170
|
205,790
|
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29(b)
|
USD
|
725
|
705,164
|
Lune Holdings SARL, 5.63%, 11/15/28(c)
|
EUR
|
125
|
121,975
|
Mativ Holdings, Inc., 10/01/29(b)(i)
|
USD
|
1,057
|
1,078,853
|
Monitchem HoldCo 3 SA, 8.75%, 05/01/28(c)
|
EUR
|
100
|
114,571
|
Nobian Finance BV, 3.63%, 07/15/26(c)
|
|
106
|
116,820
|
Olympus Water U.S. Holding Corp.
|
|
|
|
9.63%, 11/15/28(c)
|
|
179
|
213,767
|
9.75%, 11/15/28(b)
|
USD
|
4,842
|
5,167,668
|
Security
|
|
Par
(000)
|
Value
|
Chemicals (continued)
|
|||
Olympus Water U.S. Holding Corp. (continued)
|
|
|
|
5.38%, 10/01/29(c)
|
EUR
|
100
|
$ 104,726
|
7.25%, 06/15/31(b)
|
USD
|
3,040
|
3,163,363
|
SCIL IV LLC/SCIL USA Holdings LLC(c)
|
|
|
|
9.50%, 07/15/28
|
EUR
|
100
|
120,139
|
(3-mo. EURIBOR + 4.38%), 8.01%, 11/01/26(a)
|
|
100
|
111,821
|
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)
|
USD
|
3,950
|
3,792,048
|
WR Grace Holdings LLC(b)
|
|
|
|
5.63%, 08/15/29
|
|
6,651
|
6,247,838
|
7.38%, 03/01/31
|
|
1,174
|
1,230,042
|
|
|
|
33,402,741
|
Commercial Services & Supplies — 6.2%
|
|||
ADT Security Corp., 4.88%, 07/15/32(b)
|
|
790
|
754,568
|
Albion Financing 1 SARL/Aggreko Holdings, Inc.,
6.13%, 10/15/26(b)
|
|
940
|
943,041
|
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)
|
|
8,407
|
8,587,641
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 6.00%, 06/01/29(b)
|
|
7,385
|
6,599,636
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL
|
|
|
|
4.63%, 06/01/28(b)
|
|
3,857
|
3,621,677
|
4.88%, 06/01/28(c)
|
GBP
|
300
|
369,183
|
Amber Finco PLC, 6.63%, 07/15/29(c)
|
EUR
|
165
|
192,164
|
APCOA Group GmbH, 04/15/31(a)(c)(i)
|
|
100
|
111,297
|
APi Group DE, Inc., 4.75%, 10/15/29(b)
|
USD
|
1,283
|
1,230,323
|
APX Group, Inc.(b)
|
|
|
|
6.75%, 02/15/27
|
|
1,337
|
1,340,663
|
5.75%, 07/15/29
|
|
1,478
|
1,463,299
|
BCP V Modular Services Finance II PLC(c)
|
|
|
|
4.75%, 11/30/28
|
EUR
|
200
|
216,508
|
6.13%, 11/30/28
|
GBP
|
100
|
127,022
|
Boels Topholding BV(c)
|
|
|
|
6.25%, 02/15/29
|
EUR
|
107
|
123,649
|
5.75%, 05/15/30
|
|
100
|
114,398
|
Boost Newco Borrower LLC, 7.50%, 01/15/31(b)
|
USD
|
5,445
|
5,842,741
|
Brink’s Co., 6.75%, 06/15/32(b)
|
|
1,208
|
1,260,047
|
Champions Financing, Inc., 8.75%, 02/15/29(b)
|
|
409
|
416,589
|
Cimpress PLC, 7.38%, 09/15/32(b)
|
|
1,384
|
1,395,211
|
EC Finance PLC, 3.00%, 10/15/26(c)
|
EUR
|
109
|
117,809
|
Fortress Transportation and Infrastructure Investors LLC
|
|
|
|
5.50%, 05/01/28(b)
|
USD
|
4,130
|
4,112,741
|
7.88%, 12/01/30(b)
|
|
3,628
|
3,908,510
|
7.00%, 05/01/31(b)
|
|
5,374
|
5,664,234
|
7.50%, 06/01/31(b)
|
|
2,971
|
3,134,485
|
7.00%, 06/15/32(b)
|
|
2,920
|
3,065,127
|
04/15/33(i)
|
|
2,045
|
2,034,775
|
Garda World Security Corp.(b)
|
|
|
|
4.63%, 02/15/27
|
|
936
|
918,996
|
9.50%, 11/01/27
|
|
492
|
492,646
|
7.75%, 02/15/28
|
|
3,360
|
3,484,011
|
6.00%, 06/01/29
|
|
500
|
479,837
|
8.25%, 08/01/32
|
|
1,930
|
1,975,357
|
Global Payments, Inc., 1.50%, 03/01/31(b)(h)
|
|
2,786
|
2,660,630
|
Herc Holdings, Inc., 6.63%, 06/15/29(b)
|
|
1,258
|
1,303,005
|
La Financiere Atalian, (3.50% Cash and 5.00% PIK),
8.50%, 06/30/28(e)
|
EUR
|
148
|
79,225
|
Loxam SAS(c)
|
|
|
|
6.38%, 05/15/28
|
|
115
|
132,973
|
6.38%, 05/31/29
|
|
101
|
117,487
|
Mavis Tire Express Services Topco Corp., 6.50%,
05/15/29(b)
|
USD
|
763
|
733,168
|
Security
|
|
Par
(000)
|
Value
|
Commercial Services & Supplies (continued)
|
|||
Nexi SpA, 0.00%, 02/24/28(c)(j)
|
EUR
|
200
|
$ 193,694
|
Pachelbel Bidco SpA(c)
|
|
|
|
7.13%, 05/17/31
|
|
100
|
118,600
|
(3-mo. EURIBOR + 4.25%), 8.07%, 05/17/31(a)
|
|
100
|
112,038
|
Prime Security Services Borrower LLC/Prime Finance,
Inc., 6.25%, 01/15/28(b)
|
USD
|
3,405
|
3,405,916
|
Q-Park Holding I BV(c)
|
|
|
|
5.13%, 03/01/29
|
EUR
|
100
|
114,482
|
5.13%, 02/15/30
|
|
124
|
140,791
|
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)
|
USD
|
1,338
|
1,349,386
|
Shift4 Payments LLC/Shift4 Payments Finance Sub,
Inc., 6.75%, 08/15/32(b)
|
|
3,981
|
4,156,311
|
Sotheby’s, 7.38%, 10/15/27(b)
|
|
5,001
|
4,813,188
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)
|
|
1,191
|
1,043,890
|
Techem Verwaltungsgesellschaft 674 mbH, 6.00%,
07/30/26(c)
|
EUR
|
88
|
98,034
|
Techem Verwaltungsgesellschaft 675 mbH, 5.38%,
07/15/29(c)
|
|
100
|
113,567
|
Verisure Holding AB(c)
|
|
|
|
3.88%, 07/15/26
|
|
140
|
155,062
|
9.25%, 10/15/27
|
|
100
|
116,742
|
7.13%, 02/01/28
|
|
100
|
116,139
|
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)
|
USD
|
3,226
|
3,398,585
|
Williams Scotsman, Inc.(b)
|
|
|
|
6.63%, 06/15/29
|
|
596
|
613,634
|
7.38%, 10/01/31
|
|
1,778
|
1,879,278
|
Worldline SA/France, 0.00%, 07/30/26(c)(j)
|
EUR
|
297
|
300,024
|
|
|
|
91,364,034
|
Construction & Engineering — 0.6%
|
|||
Arcosa, Inc., 6.88%, 08/15/32(b)
|
USD
|
273
|
285,705
|
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)
|
|
7,805
|
8,357,992
|
Cellnex Telecom SA(c)
|
|
|
|
Series CLNX, 2.13%, 08/11/30
|
EUR
|
300
|
354,367
|
Series CLNX, 0.75%, 11/20/31
|
|
100
|
97,993
|
Heathrow Finance PLC, 6.63%, 03/01/31(c)
|
GBP
|
100
|
133,808
|
Infrastrutture Wireless Italiane SpA, 1.63%, 10/21/28(c)
|
EUR
|
200
|
210,047
|
|
|
|
9,439,912
|
Consumer Finance — 0.9%
|
|||
Bread Financial Holdings, Inc., 9.75%, 03/15/29(b)
|
USD
|
424
|
448,067
|
Focus Financial Partners LLC, 6.75%, 09/15/31(b)
|
|
1,266
|
1,278,085
|
Navient Corp., 9.38%, 07/25/30
|
|
959
|
1,063,809
|
OneMain Finance Corp.
|
|
|
|
6.63%, 01/15/28
|
|
3,592
|
3,657,321
|
9.00%, 01/15/29
|
|
1,443
|
1,529,099
|
5.38%, 11/15/29
|
|
503
|
483,369
|
7.88%, 03/15/30
|
|
2,026
|
2,117,954
|
4.00%, 09/15/30
|
|
451
|
401,696
|
7.50%, 05/15/31
|
|
546
|
562,037
|
7.13%, 11/15/31
|
|
920
|
931,053
|
|
|
|
12,472,490
|
Consumer Staples Distribution & Retail — 0.1%
|
|||
Bellis Acquisition Co. PLC, 8.13%, 05/14/30(c)
|
GBP
|
258
|
341,387
|
Bellis Finco PLC, 4.00%, 02/16/27(c)
|
|
100
|
123,568
|
Bubbles Bidco SpA(c)(i)
|
|
|
|
09/30/31
|
EUR
|
123
|
137,002
|
09/30/31(a)
|
|
120
|
133,244
|
Lion/Polaris Lux 4 SA, (3-mo. EURIBOR + 3.63%),
6.95%, 07/01/29(a)(c)
|
|
100
|
111,871
|
Security
|
|
Par
(000)
|
Value
|
Consumer Staples Distribution & Retail (continued)
|
|||
Market Bidco Finco PLC, 5.50%, 11/04/27(c)
|
GBP
|
156
|
$ 196,600
|
Picard Groupe SAS, 6.38%, 07/01/29(c)
|
EUR
|
100
|
114,593
|
Walgreens Boots Alliance, Inc., 8.13%, 08/15/29
|
USD
|
473
|
472,093
|
|
|
|
1,630,358
|
Containers & Packaging — 3.7%
|
|||
Ardagh Metal Packaging Finance USA LLC/Ardagh
Metal Packaging Finance PLC
|
|
|
|
6.00%, 06/15/27(b)
|
|
2,341
|
2,357,827
|
3.25%, 09/01/28(b)
|
|
1,708
|
1,563,466
|
3.00%, 09/01/29(c)
|
EUR
|
464
|
439,904
|
4.00%, 09/01/29(b)
|
USD
|
6,715
|
5,993,928
|
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc.
|
|
|
|
2.13%, 08/15/26(c)
|
EUR
|
1,370
|
1,319,250
|
4.13%, 08/15/26(b)
|
USD
|
3,078
|
2,774,648
|
Clydesdale Acquisition Holdings, Inc.(b)
|
|
|
|
6.63%, 04/15/29
|
|
2,900
|
2,927,504
|
6.88%, 01/15/30
|
|
2,367
|
2,417,259
|
8.75%, 04/15/30
|
|
4,356
|
4,423,270
|
Crown European Holdings SACA, 3.38%, 05/15/25(c)
|
EUR
|
100
|
111,027
|
Fiber Bidco SpA(c)
|
|
|
|
6.13%, 06/15/31
|
|
100
|
110,758
|
(3-mo. EURIBOR + 4.00%), 7.35%, 01/15/30(a)
|
|
100
|
111,952
|
Fiber Midco SpA, (10.00% PIK), 10.00%, 06/15/29(c)(e)
|
|
100
|
114,396
|
Graphic Packaging International LLC, 2.63%,
02/01/29(c)
|
|
456
|
474,408
|
Kleopatra Finco SARL, 4.25%, 03/01/26(c)
|
|
100
|
104,408
|
LABL, Inc.(b)
|
|
|
|
6.75%, 07/15/26
|
USD
|
367
|
366,698
|
5.88%, 11/01/28
|
|
707
|
662,138
|
9.50%, 11/01/28
|
|
2,391
|
2,470,570
|
10/01/31(i)
|
|
1,940
|
1,925,174
|
Mauser Packaging Solutions Holding Co.(b)
|
|
|
|
7.88%, 04/15/27
|
|
17,773
|
18,362,664
|
9.25%, 04/15/27
|
|
778
|
797,741
|
OI European Group BV
|
|
|
|
6.25%, 05/15/28(b)
|
EUR
|
620
|
718,798
|
6.25%, 05/15/28(c)
|
|
100
|
115,935
|
5.25%, 06/01/29(c)
|
|
100
|
113,676
|
Owens-Brockway Glass Container, Inc.(b)
|
|
|
|
6.63%, 05/13/27
|
USD
|
211
|
211,992
|
7.25%, 05/15/31
|
|
837
|
859,877
|
Sealed Air Corp., 6.50%, 07/15/32(b)
|
|
952
|
981,670
|
Titan Holdings II BV, 5.13%, 07/15/29(c)
|
EUR
|
102
|
115,244
|
Trident TPI Holdings, Inc., 12.75%, 12/31/28(b)
|
USD
|
621
|
689,387
|
|
|
|
53,635,569
|
Diversified REITs — 1.5%
|
|||
Global Net Lease, Inc./Global Net Lease Operating
Partnership LP, 3.75%, 12/15/27(b)
|
|
590
|
549,992
|
HAT Holdings I LLC/HAT Holdings II LLC(b)
|
|
|
|
3.38%, 06/15/26
|
|
1,021
|
988,721
|
8.00%, 06/15/27
|
|
1,059
|
1,121,885
|
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
|
|
776
|
747,964
|
Iron Mountain U.K. PLC, 3.88%, 11/15/25(c)
|
GBP
|
100
|
131,857
|
Iron Mountain, Inc.(b)
|
|
|
|
7.00%, 02/15/29
|
USD
|
3,761
|
3,920,135
|
5.25%, 07/15/30
|
|
122
|
120,460
|
Security
|
|
Par
(000)
|
Value
|
Diversified REITs (continued)
|
|||
Iron Mountain, Inc.(b) (continued)
|
|
|
|
5.63%, 07/15/32
|
USD
|
3,252
|
$ 3,243,654
|
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital
LLC, 10.50%, 02/15/28(b)
|
|
10,131
|
10,813,890
|
VICI Properties LP
|
|
|
|
5.63%, 05/15/52
|
|
70
|
68,492
|
6.13%, 04/01/54
|
|
565
|
592,200
|
|
|
|
22,299,250
|
Diversified Telecommunication Services — 6.5%
|
|||
Altice Financing SA
|
|
|
|
9.63%, 07/15/27(b)
|
|
2,018
|
1,965,470
|
5.00%, 01/15/28(b)
|
|
3,071
|
2,597,747
|
4.25%, 08/15/29(c)
|
EUR
|
101
|
90,224
|
5.75%, 08/15/29(b)
|
USD
|
2,216
|
1,780,864
|
Altice France SA
|
|
|
|
11.50%, 02/01/27(c)
|
EUR
|
100
|
91,668
|
3.38%, 01/15/28(c)
|
|
100
|
78,477
|
5.13%, 01/15/29(b)
|
USD
|
1,781
|
1,250,846
|
5.13%, 07/15/29(b)
|
|
3,556
|
2,500,643
|
5.50%, 10/15/29(b)
|
|
1,400
|
980,475
|
CK Hutchison Group Telecom Finance SA, 2.63%,
10/17/34(c)
|
GBP
|
200
|
197,368
|
CommScope, Inc., 4.75%, 09/01/29(b)
|
USD
|
1,373
|
1,153,320
|
Connect Finco SARL/Connect U.S. Finco LLC(b)
|
|
|
|
6.75%, 10/01/26
|
|
1,800
|
1,800,000
|
9.00%, 09/15/29
|
|
3,468
|
3,356,105
|
Frontier Communications Holdings LLC(b)
|
|
|
|
5.88%, 10/15/27
|
|
251
|
252,021
|
5.00%, 05/01/28
|
|
345
|
341,888
|
8.75%, 05/15/30
|
|
13,640
|
14,535,657
|
8.63%, 03/15/31
|
|
1,334
|
1,438,172
|
Global Switch Finance BV, 1.38%, 10/07/30(c)
|
EUR
|
106
|
108,273
|
Iliad Holding SASU
|
|
|
|
6.50%, 10/15/26(b)
|
USD
|
3,457
|
3,494,685
|
7.00%, 10/15/28(b)
|
|
828
|
842,338
|
6.88%, 04/15/31(c)
|
EUR
|
101
|
119,455
|
8.50%, 04/15/31(b)
|
USD
|
3,025
|
3,253,708
|
Kaixo Bondco Telecom SA, 5.13%, 09/30/29(c)
|
EUR
|
100
|
111,176
|
Level 3 Financing, Inc.(b)
|
|
|
|
10.50%, 04/15/29
|
USD
|
7,116
|
7,756,788
|
4.88%, 06/15/29
|
|
2,208
|
1,854,720
|
11.00%, 11/15/29
|
|
6,787
|
7,517,484
|
10.50%, 05/15/30
|
|
7,798
|
8,392,597
|
10.75%, 12/15/30
|
|
249
|
272,608
|
Lorca Telecom Bondco SA(c)
|
|
|
|
4.00%, 09/18/27
|
EUR
|
174
|
192,454
|
5.75%, 04/30/29
|
|
296
|
343,914
|
Lumen Technologies, Inc.(b)
|
|
|
|
4.13%, 04/15/29
|
USD
|
841
|
706,327
|
4.13%, 04/15/30
|
|
841
|
678,819
|
Odido Group Holding BV, 5.50%, 01/15/30(c)
|
EUR
|
116
|
125,981
|
Optics Bidco SpA(b)
|
|
|
|
6.00%, 09/30/34
|
USD
|
2,917
|
2,952,934
|
7.20%, 07/18/36
|
|
1,668
|
1,795,048
|
Series 2033, 6.38%, 11/15/33
|
|
803
|
832,936
|
Sable International Finance Ltd.(b)
|
|
|
|
5.75%, 09/07/27
|
|
539
|
535,971
|
10/15/32(i)
|
|
2,418
|
2,422,909
|
SoftBank Group Corp.(c)
|
|
|
|
3.13%, 09/19/25
|
EUR
|
226
|
248,113
|
5.38%, 01/08/29
|
|
254
|
287,688
|
Security
|
|
Par
(000)
|
Value
|
Diversified Telecommunication Services (continued)
|
|||
SoftBank Group Corp.(c) (continued)
|
|
|
|
3.88%, 07/06/32
|
EUR
|
300
|
$ 306,750
|
5.75%, 07/08/32
|
|
128
|
144,633
|
Telecom Italia SpA/Milano, 2.75%, 04/15/25(c)
|
|
139
|
153,799
|
Viavi Solutions, Inc., 3.75%, 10/01/29(b)
|
USD
|
528
|
479,113
|
Vmed O2 U.K. Financing I PLC
|
|
|
|
4.00%, 01/31/29(c)
|
GBP
|
200
|
239,314
|
4.25%, 01/31/31(b)
|
USD
|
3,172
|
2,807,985
|
4.50%, 07/15/31(c)
|
GBP
|
201
|
231,777
|
5.63%, 04/15/32(c)
|
EUR
|
100
|
112,479
|
7.75%, 04/15/32(b)
|
USD
|
400
|
410,592
|
Windstream Escrow LLC/Windstream Escrow Finance
Corp.(b)
|
|
|
|
7.75%, 08/15/28
|
|
2,115
|
2,116,988
|
10/01/31(i)
|
|
1,229
|
1,249,441
|
Zayo Group Holdings, Inc.(b)
|
|
|
|
4.00%, 03/01/27
|
|
7,144
|
6,389,901
|
6.13%, 03/01/28
|
|
2,323
|
1,928,090
|
Zegona Finance PLC, 6.75%, 07/15/29(c)
|
EUR
|
166
|
192,867
|
|
|
|
96,021,600
|
Electric Utilities — 1.4%
|
|||
A2A SpA, (5-year EURIBOR ICE Swap + 2.26%),
5.00%(a)(c)(f)
|
|
150
|
170,303
|
Alpha Generation LLC, 6.75%, 10/15/32(b)
|
USD
|
1,650
|
1,673,261
|
Calpine Corp., 4.63%, 02/01/29(b)
|
|
2,297
|
2,218,529
|
Clearway Energy Operating LLC, 3.75%, 01/15/32(b)
|
|
104
|
94,110
|
Edison International, Series A, (5-year CMT + 4.70%),
5.38%(a)(f)
|
|
2,940
|
2,910,874
|
EDP SA(a)(c)
|
|
|
|
(5-year EUR Swap + 1.84%), 1.70%, 07/20/80
|
EUR
|
100
|
109,315
|
(5-year EUR Swap + 2.38%), 1.88%, 08/02/81
|
|
200
|
214,534
|
(5-year EURIBOR ICE Swap + 2.40%), 4.63%,
09/16/54
|
|
200
|
223,190
|
FirstEnergy Corp., 4.00%, 05/01/26(h)
|
USD
|
3,044
|
3,185,546
|
Lightning Power LLC, 7.25%, 08/15/32(b)
|
|
609
|
640,386
|
NextEra Energy Capital Holdings, Inc., (5-year CMT +
2.46%), 6.75%, 06/15/54(a)
|
|
1,435
|
1,548,497
|
PG&E Corp., 4.25%, 12/01/27(b)(h)
|
|
1,004
|
1,087,332
|
Pike Corp., 8.63%, 01/31/31(b)
|
|
461
|
492,909
|
Talen Energy Supply LLC, 8.63%, 06/01/30(b)
|
|
716
|
780,313
|
TransAlta Corp., 7.75%, 11/15/29
|
|
358
|
378,144
|
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(b)(f)
|
|
994
|
1,041,253
|
Vistra Operations Co. LLC(b)
|
|
|
|
7.75%, 10/15/31
|
|
1,921
|
2,068,145
|
6.88%, 04/15/32
|
|
1,970
|
2,072,298
|
|
|
|
20,908,939
|
Electronic Equipment, Instruments & Components — 0.4%
|
|||
CDW LLC/CDW Finance Corp., 5.55%, 08/22/34
|
|
907
|
927,989
|
EquipmentShare.com, Inc., 8.00%, 03/15/33(b)
|
|
677
|
693,034
|
Nexans SA, 4.25%, 03/11/30(c)
|
EUR
|
100
|
113,664
|
Sensata Technologies, Inc., 6.63%, 07/15/32(b)
|
USD
|
1,781
|
1,856,803
|
WESCO Distribution, Inc., 6.63%, 03/15/32(b)
|
|
955
|
994,730
|
Zebra Technologies Corp., 6.50%, 06/01/32(b)
|
|
591
|
617,032
|
|
|
|
5,203,252
|
Energy Equipment & Services — 1.1%
|
|||
Archrock Partners LP/Archrock Partners Finance
Corp.(b)
|
|
|
|
6.88%, 04/01/27
|
|
1,223
|
1,226,833
|
6.25%, 04/01/28
|
|
801
|
804,980
|
6.63%, 09/01/32
|
|
2,375
|
2,435,541
|
Enerflex Ltd., 9.00%, 10/15/27(b)
|
|
1,227
|
1,265,781
|
Security
|
|
Par
(000)
|
Value
|
Energy Equipment & Services (continued)
|
|||
Kodiak Gas Services LLC, 7.25%, 02/15/29(b)
|
USD
|
2,606
|
$ 2,696,957
|
Oceaneering International, Inc., 6.00%, 02/01/28
|
|
369
|
369,707
|
OEG Finance PLC, 7.25%, 09/27/29(c)
|
EUR
|
100
|
113,230
|
Star Holding LLC, 8.75%, 08/01/31(b)
|
USD
|
1,289
|
1,229,190
|
USA Compression Partners LP/USA Compression
Finance Corp.
|
|
|
|
6.88%, 09/01/27
|
|
1,112
|
1,121,400
|
7.13%, 03/15/29(b)
|
|
2,153
|
2,217,487
|
Weatherford International Ltd., 8.63%, 04/30/30(b)
|
|
1,980
|
2,063,203
|
|
|
|
15,544,309
|
Entertainment — 3.1%
|
|||
Allwyn Entertainment Financing U.K. PLC
|
|
|
|
7.88%, 04/30/29(b)
|
|
800
|
836,016
|
7.25%, 04/30/30(c)
|
EUR
|
100
|
117,994
|
Banijay Entertainment SASU
|
|
|
|
7.00%, 05/01/29(c)
|
|
113
|
132,232
|
8.13%, 05/01/29(b)
|
USD
|
480
|
498,885
|
Boyne USA, Inc., 4.75%, 05/15/29(b)
|
|
1,869
|
1,796,727
|
Caesars Entertainment, Inc.(b)
|
|
|
|
4.63%, 10/15/29
|
|
456
|
433,755
|
7.00%, 02/15/30
|
|
8,047
|
8,406,669
|
6.50%, 02/15/32
|
|
3,491
|
3,611,139
|
Churchill Downs, Inc.(b)
|
|
|
|
5.75%, 04/01/30
|
|
1,065
|
1,066,167
|
6.75%, 05/01/31
|
|
10,323
|
10,660,128
|
Cinemark USA, Inc., 7.00%, 08/01/32(b)
|
|
563
|
587,749
|
Cirsa Finance International SARL(c)
|
|
|
|
6.50%, 03/15/29
|
EUR
|
100
|
116,559
|
(3-mo. EURIBOR + 4.50%), 8.14%, 07/31/28(a)
|
|
100
|
112,433
|
CPUK Finance Ltd.(c)
|
|
|
|
4.50%, 08/28/27
|
GBP
|
100
|
125,673
|
3.59%, 02/28/42
|
|
101
|
132,966
|
Inter Media and Communication SpA, 6.75%,
02/09/27(c)
|
EUR
|
99
|
111,858
|
Light & Wonder International, Inc.(b)
|
|
|
|
7.00%, 05/15/28
|
USD
|
706
|
712,182
|
7.25%, 11/15/29
|
|
241
|
249,344
|
7.50%, 09/01/31
|
|
1,096
|
1,149,572
|
Lions Gate Capital Holdings 1, Inc., 5.50%, 04/15/29(b)
|
|
1,076
|
965,942
|
Lottomatica SpA/Roma(c)
|
|
|
|
5.38%, 06/01/30
|
EUR
|
100
|
115,265
|
(3-mo. EURIBOR + 3.25%), 6.76%, 06/01/31(a)
|
|
100
|
112,156
|
(3-mo. EURIBOR + 4.00%), 7.51%, 12/15/30(a)
|
|
100
|
112,175
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31(b)
|
USD
|
1,735
|
1,741,758
|
Midwest Gaming Borrower LLC/Midwest Gaming
Finance Corp., 4.88%, 05/01/29(b)
|
|
578
|
554,401
|
Motion Finco SARL, 7.38%, 06/15/30(c)
|
EUR
|
100
|
112,634
|
Odeon Finco PLC, 12.75%, 11/01/27(b)
|
USD
|
1,503
|
1,579,321
|
Pinewood Finco PLC(c)
|
|
|
|
3.63%, 11/15/27
|
GBP
|
100
|
126,197
|
6.00%, 03/27/30
|
|
181
|
242,663
|
Playtika Holding Corp., 4.25%, 03/15/29(b)
|
USD
|
421
|
386,375
|
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.(b)
|
|
|
|
5.63%, 09/01/29
|
|
1,188
|
888,677
|
5.88%, 09/01/31
|
|
262
|
178,823
|
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30(b)
|
|
1,028
|
1,020,239
|
Security
|
|
Par
(000)
|
Value
|
Entertainment (continued)
|
|||
Six Flags Entertainment Corp., 7.25%, 05/15/31(b)
|
USD
|
2,586
|
$ 2,678,372
|
Wynn Resorts Finance LLC/Wynn Resorts Capital
Corp.(b)
|
|
|
|
5.13%, 10/01/29
|
|
1,884
|
1,861,379
|
7.13%, 02/15/31
|
|
2,228
|
2,403,784
|
|
|
|
45,938,209
|
Environmental, Maintenance & Security Service — 1.0%
|
|||
Madison IAQ LLC, 5.88%, 06/30/29(b)
|
|
2,645
|
2,575,074
|
Paprec Holding SA, 7.25%, 11/17/29(c)
|
EUR
|
100
|
118,250
|
Reworld Holding Corp.
|
|
|
|
4.88%, 12/01/29(b)
|
USD
|
2,689
|
2,531,264
|
5.00%, 09/01/30
|
|
454
|
425,822
|
Waste Pro USA, Inc., 5.50%, 02/15/26(b)
|
|
7,766
|
7,727,261
|
Wrangler Holdco Corp., 6.63%, 04/01/32(b)
|
|
816
|
848,171
|
|
|
|
14,225,842
|
Financial Services — 2.1%
|
|||
Encore Capital Group, Inc., 5.38%, 02/15/26(c)
|
GBP
|
100
|
132,692
|
Freedom Mortgage Holdings LLC(b)
|
|
|
|
9.25%, 02/01/29
|
USD
|
2,001
|
2,079,931
|
9.13%, 05/15/31
|
|
1,382
|
1,420,845
|
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25(c)
|
EUR
|
100
|
74,971
|
GGAM Finance Ltd.(b)
|
|
|
|
8.00%, 06/15/28
|
USD
|
640
|
685,989
|
6.88%, 04/15/29
|
|
1,248
|
1,298,271
|
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
|
|
658
|
668,331
|
Intrum AB(c)
|
|
|
|
3.00%, 09/15/27
|
EUR
|
117
|
98,330
|
9.25%, 03/15/28
|
|
226
|
190,837
|
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%,
08/15/28(b)
|
USD
|
1,479
|
1,406,249
|
Jerrold Finco PLC, 5.25%, 01/15/27(c)
|
GBP
|
111
|
145,990
|
Macquarie Airfinance Holdings Ltd., 8.13%, 03/30/29(b)
|
USD
|
1,523
|
1,613,012
|
Midcap Financial Issuer Trust, 6.50%, 05/01/28(b)
|
|
1,073
|
1,039,570
|
Nationstar Mortgage Holdings, Inc.(b)
|
|
|
|
5.00%, 02/01/26
|
|
7,379
|
7,343,196
|
6.00%, 01/15/27
|
|
2
|
2,000
|
6.50%, 08/01/29
|
|
2,646
|
2,690,527
|
5.13%, 12/15/30
|
|
433
|
415,377
|
5.75%, 11/15/31
|
|
1,505
|
1,474,254
|
7.13%, 02/01/32
|
|
3,694
|
3,857,825
|
Opus-Chartered Issuances SA, 2.50%, 07/04/25(a)(k)
|
EUR
|
66
|
73,762
|
PennyMac Financial Services, Inc.(b)
|
|
|
|
7.88%, 12/15/29
|
USD
|
1,449
|
1,545,095
|
7.13%, 11/15/30
|
|
1,404
|
1,453,754
|
ProGroup AG, 5.13%, 04/15/29(c)
|
EUR
|
100
|
108,952
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer,
Inc.(b)
|
|
|
|
3.88%, 03/01/31
|
USD
|
784
|
721,860
|
4.00%, 10/15/33
|
|
431
|
385,006
|
Stena International SA, 7.25%, 01/15/31(b)
|
|
200
|
210,166
|
Titanium 2l Bondco SARL, (6.25% PIK), 6.25%,
01/14/31(e)
|
EUR
|
548
|
170,895
|
|
|
|
31,307,687
|
Food Products — 0.8%
|
|||
Aramark International Finance SARL, 3.13%,
04/01/25(c)
|
|
582
|
644,374
|
B&G Foods, Inc., 8.00%, 09/15/28(b)
|
USD
|
452
|
472,815
|
Chobani LLC/Chobani Finance Corp., Inc., 7.63%,
07/01/29(b)
|
|
6,033
|
6,335,380
|
Security
|
|
Par
(000)
|
Value
|
Food Products (continued)
|
|||
Darling Global Finance BV, 3.63%, 05/15/26(c)
|
EUR
|
457
|
$ 506,318
|
Fiesta Purchaser, Inc.(b)
|
|
|
|
7.88%, 03/01/31
|
USD
|
500
|
530,433
|
9.63%, 09/15/32
|
|
661
|
684,226
|
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
|
|
442
|
459,640
|
Performance Food Group, Inc., 4.25%, 08/01/29(b)
|
|
81
|
77,027
|
Post Holdings, Inc.(b)
|
|
|
|
4.50%, 09/15/31
|
|
215
|
200,855
|
6.38%, 03/01/33
|
|
1,198
|
1,217,549
|
Premier Foods Finance PLC, 3.50%, 10/15/26(c)
|
GBP
|
100
|
130,687
|
Simmons Foods, Inc./Simmons Prepared Foods,
Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%,
03/01/29(b)
|
USD
|
512
|
485,767
|
Tereos Finance Groupe I SA, 7.25%, 04/15/28(c)
|
EUR
|
100
|
115,634
|
United Natural Foods, Inc., 6.75%, 10/15/28(b)
|
USD
|
470
|
448,256
|
|
|
|
12,308,961
|
Gas Utilities — 0.0%
|
|||
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%,
06/01/28(b)
|
|
385
|
404,300
|
UGI International LLC, 2.50%, 12/01/29(c)
|
EUR
|
100
|
103,728
|
|
|
|
508,028
|
Ground Transportation(b) — 0.1%
|
|||
Brightline East LLC, 11.00%, 01/31/30
|
USD
|
1,110
|
943,552
|
Watco Cos. LLC/Watco Finance Corp., 7.13%, 08/01/32
|
|
693
|
722,294
|
|
|
|
1,665,846
|
Health Care Equipment & Supplies — 1.0%
|
|||
Avantor Funding, Inc.(c)
|
|
|
|
2.63%, 11/01/25
|
EUR
|
527
|
581,614
|
3.88%, 07/15/28
|
|
100
|
110,854
|
Bausch & Lomb Corp., 8.38%, 10/01/28(b)
|
USD
|
6,265
|
6,625,238
|
Medline Borrower LP, 5.25%, 10/01/29(b)
|
|
5,797
|
5,687,916
|
Neogen Food Safety Corp., 8.63%, 07/20/30(b)
|
|
963
|
1,065,878
|
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
|
|
996
|
1,034,355
|
|
|
|
15,105,855
|
Health Care Providers & Services — 3.1%
|
|||
AHP Health Partners, Inc., 5.75%, 07/15/29(b)
|
|
2,061
|
2,015,543
|
Catalent Pharma Solutions, Inc.(b)
|
|
|
|
3.13%, 02/15/29
|
|
3,659
|
3,594,241
|
3.50%, 04/01/30
|
|
524
|
515,435
|
CHS/Community Health Systems, Inc.(b)
|
|
|
|
5.63%, 03/15/27
|
|
2,509
|
2,469,027
|
6.00%, 01/15/29
|
|
3,050
|
2,960,909
|
5.25%, 05/15/30
|
|
5,001
|
4,602,447
|
4.75%, 02/15/31
|
|
2,421
|
2,128,173
|
10.88%, 01/15/32
|
|
3,809
|
4,197,461
|
Concentra Escrow Issuer Corp., 6.88%, 07/15/32(b)
|
|
1,959
|
2,059,914
|
DaVita, Inc., 6.88%, 09/01/32(b)
|
|
879
|
908,055
|
Ephios Subco 3 SARL, 7.88%, 01/31/31(c)
|
EUR
|
218
|
261,616
|
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)
|
USD
|
802
|
807,265
|
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
|
|
662
|
667,511
|
HCA, Inc., 5.45%, 09/15/34
|
|
320
|
329,261
|
IQVIA, Inc.(c)
|
|
|
|
1.75%, 03/15/26
|
EUR
|
330
|
358,942
|
2.25%, 03/15/29
|
|
100
|
104,451
|
LifePoint Health, Inc.(b)
|
|
|
|
9.88%, 08/15/30
|
USD
|
1,337
|
1,472,043
|
11.00%, 10/15/30
|
|
3,059
|
3,451,733
|
10.00%, 06/01/32
|
|
1,384
|
1,521,524
|
Security
|
|
Par
(000)
|
Value
|
Health Care Providers & Services (continued)
|
|||
Star Parent, Inc., 9.00%, 10/01/30(b)
|
USD
|
4,684
|
$ 5,028,644
|
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)
|
|
4,179
|
4,361,927
|
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)
|
|
1,279
|
1,324,736
|
|
|
|
45,140,858
|
Health Care REITs — 0.3%
|
|||
MPT Operating Partnership LP/MPT Finance Corp.
|
|
|
|
2.50%, 03/24/26
|
GBP
|
793
|
957,230
|
5.25%, 08/01/26
|
USD
|
286
|
272,316
|
5.00%, 10/15/27
|
|
260
|
233,240
|
4.63%, 08/01/29
|
|
4,092
|
3,291,329
|
3.50%, 03/15/31
|
|
25
|
18,257
|
|
|
|
4,772,372
|
Hotel & Resort REITs — 1.1%
|
|||
Host Hotels & Resorts LP, 5.50%, 04/15/35
|
|
1,131
|
1,147,395
|
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
|
|
1,145
|
1,190,204
|
Pebblebrook Hotel LP/PEB Finance Corp., 10/15/29(b)(i)
|
|
606
|
610,009
|
Pebblebrook Hotel Trust, 1.75%, 12/15/26(h)
|
|
68
|
62,356
|
RHP Hotel Properties LP/RHP Finance Corp., 6.50%,
04/01/32(b)
|
|
4,003
|
4,136,804
|
RLJ Lodging Trust LP, 4.00%, 09/15/29(b)
|
|
749
|
689,476
|
Service Properties Trust
|
|
|
|
8.63%, 11/15/31(b)
|
|
5,772
|
6,276,813
|
8.88%, 06/15/32
|
|
2,430
|
2,321,177
|
|
|
|
16,434,234
|
Hotels, Restaurants & Leisure — 4.8%
|
|||
1011778 BC ULC/New Red Finance, Inc., 5.63%,
09/15/29(b)
|
|
960
|
973,872
|
Acushnet Co., 7.38%, 10/15/28(b)
|
|
174
|
183,423
|
Bertrand Franchise Finance SAS, (3-mo. EURIBOR +
3.75%), 7.49%, 07/18/30(a)(c)
|
EUR
|
120
|
134,530
|
Carnival Corp.(b)
|
|
|
|
5.75%, 03/01/27
|
USD
|
233
|
235,971
|
6.00%, 05/01/29
|
|
4,112
|
4,166,276
|
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28(b)
|
|
12,966
|
13,991,200
|
Carnival PLC, 1.00%, 10/28/29
|
EUR
|
100
|
96,629
|
Deuce Finco PLC, 5.50%, 06/15/27(c)
|
GBP
|
100
|
131,205
|
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc.(b)
|
|
|
|
4.63%, 01/15/29
|
USD
|
4,391
|
4,192,651
|
6.75%, 01/15/30
|
|
671
|
625,142
|
Life Time, Inc., 8.00%, 04/15/26(b)
|
|
1,262
|
1,273,750
|
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b)
|
|
811
|
848,571
|
Lindblad Expeditions LLC, 6.75%, 02/15/27(b)
|
|
1,214
|
1,222,261
|
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)
|
|
1,447
|
1,407,465
|
Melco Resorts Finance Ltd.(b)
|
|
|
|
4.88%, 06/06/25
|
|
1,071
|
1,059,955
|
5.63%, 07/17/27
|
|
200
|
194,688
|
5.75%, 07/21/28
|
|
600
|
579,750
|
5.38%, 12/04/29
|
|
2,283
|
2,143,166
|
7.63%, 04/17/32
|
|
1,534
|
1,579,445
|
MGM China Holdings Ltd.(b)
|
|
|
|
5.25%, 06/18/25
|
|
600
|
596,625
|
4.75%, 02/01/27
|
|
440
|
428,175
|
7.13%, 06/26/31
|
|
474
|
488,519
|
MGM Resorts International, 6.13%, 09/15/29
|
|
2,320
|
2,348,876
|
NCL Corp. Ltd.(b)
|
|
|
|
5.88%, 03/15/26
|
|
1,798
|
1,798,111
|
8.38%, 02/01/28
|
|
719
|
755,056
|
8.13%, 01/15/29
|
|
631
|
674,665
|
Security
|
|
Par
(000)
|
Value
|
Hotels, Restaurants & Leisure (continued)
|
|||
NCL Corp. Ltd.(b) (continued)
|
|
|
|
7.75%, 02/15/29
|
USD
|
1,782
|
$ 1,909,597
|
6.25%, 03/01/30
|
|
1,528
|
1,526,303
|
NCL Finance Ltd., 6.13%, 03/15/28(b)
|
|
849
|
865,979
|
Pinnacle Bidco PLC(c)
|
|
|
|
8.25%, 10/11/28
|
EUR
|
100
|
117,966
|
10.00%, 10/11/28
|
GBP
|
100
|
142,552
|
Royal Caribbean Cruises Ltd., 6.00%, 02/01/33(b)
|
USD
|
4,664
|
4,781,458
|
Sabre GLBL, Inc.(b)
|
|
|
|
8.63%, 06/01/27
|
|
2,300
|
2,262,335
|
11.25%, 12/15/27
|
|
101
|
104,803
|
Station Casinos LLC(b)
|
|
|
|
4.63%, 12/01/31
|
|
2,431
|
2,254,296
|
6.63%, 03/15/32
|
|
988
|
1,009,978
|
Stonegate Pub Co. Financing PLC(c)
|
|
|
|
10.75%, 07/31/29
|
GBP
|
123
|
169,995
|
(3-mo. EURIBOR + 6.63%), 10.17%, 07/31/29(a)
|
EUR
|
100
|
113,569
|
TUI AG, 5.88%, 03/15/29(c)
|
|
120
|
139,172
|
TUI Cruises GmbH, 6.50%, 05/15/26(c)
|
|
90
|
102,115
|
Viking Cruises Ltd.(b)
|
|
|
|
5.88%, 09/15/27
|
USD
|
1,436
|
1,434,997
|
7.00%, 02/15/29
|
|
269
|
272,399
|
9.13%, 07/15/31
|
|
3,780
|
4,133,615
|
Wynn Macau Ltd.(b)
|
|
|
|
5.50%, 01/15/26
|
|
962
|
955,086
|
5.50%, 10/01/27
|
|
200
|
196,000
|
5.63%, 08/26/28
|
|
4,507
|
4,377,649
|
4.50%, 03/07/29(h)
|
|
200
|
211,925
|
5.13%, 12/15/29
|
|
1,358
|
1,274,822
|
|
|
|
70,486,588
|
Household Durables — 0.9%
|
|||
Ashton Woods USA LLC/Ashton Woods Finance Co.,
4.63%, 04/01/30(b)
|
|
636
|
609,346
|
Beazer Homes USA, Inc., 7.50%, 03/15/31(b)
|
|
451
|
467,976
|
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC, 5.00%, 06/15/29(b)
|
|
1,154
|
1,106,002
|
CD&R Smokey Buyer, Inc./Radio Systems Corp.,
10/15/29(b)(i)
|
|
1,902
|
1,903,807
|
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
|
|
607
|
641,444
|
Empire Communities Corp., 9.75%, 05/01/29(b)
|
|
394
|
420,672
|
K Hovnanian Enterprises, Inc., 11.75%, 09/30/29(b)
|
|
1,667
|
1,854,154
|
LGI Homes, Inc., 8.75%, 12/15/28(b)
|
|
453
|
485,125
|
Meritage Homes Corp., 1.75%, 05/15/28(b)(h)
|
|
134
|
152,559
|
New Home Co., Inc., 9.25%, 10/01/29(b)
|
|
1,145
|
1,206,427
|
Scotts Miracle-Gro Co.
|
|
|
|
4.50%, 10/15/29
|
|
229
|
220,206
|
4.38%, 02/01/32
|
|
1,696
|
1,571,714
|
STL Holding Co. LLC, 8.75%, 02/15/29(b)
|
|
618
|
657,432
|
Tempur Sealy International, Inc., 3.88%, 10/15/31(b)
|
|
1,434
|
1,278,221
|
|
|
|
12,575,085
|
Household Products(b) — 0.1%
|
|||
Kronos Acquisition Holdings, Inc., 8.25%, 06/30/31
|
|
296
|
297,110
|
Spectrum Brands, Inc.
|
|
|
|
3.38%, 06/01/29(h)
|
|
964
|
997,973
|
3.88%, 03/15/31
|
|
176
|
154,087
|
|
|
|
1,449,170
|
Security
|
|
Par
(000)
|
Value
|
Independent Power and Renewable Electricity Producers(b)(h) — 0.4%
|
|||
NextEra Energy Partners LP
|
|
|
|
0.00%, 11/15/25(j)
|
USD
|
4,528
|
$ 4,229,152
|
2.50%, 06/15/26
|
|
1,063
|
999,175
|
|
|
|
5,228,327
|
Insurance — 7.8%
|
|||
Acrisure LLC/Acrisure Finance, Inc., 7.50%, 11/06/30(b)
|
|
1,371
|
1,410,889
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)
|
|
|
|
6.75%, 10/15/27
|
|
11,158
|
11,116,158
|
6.75%, 04/15/28
|
|
1,904
|
1,934,832
|
5.88%, 11/01/29
|
|
4,999
|
4,800,348
|
7.00%, 01/15/31
|
|
4,776
|
4,907,784
|
7.38%, 10/01/32
|
|
2,256
|
2,287,251
|
AmWINS Group, Inc., 4.88%, 06/30/29(b)
|
|
878
|
841,909
|
Ardonagh Finco Ltd.
|
|
|
|
6.88%, 02/15/31(c)
|
EUR
|
436
|
492,006
|
7.75%, 02/15/31(b)
|
USD
|
3,309
|
3,420,589
|
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)
|
|
3,214
|
3,321,699
|
AssuredPartners, Inc., 7.50%, 02/15/32(b)
|
|
1,975
|
2,029,812
|
AXA SA, (5-year EURIBOR ICE Swap + 3.84%),
6.38%(a)(c)(f)
|
EUR
|
125
|
145,445
|
Baldwin Insurance Group Holdings LLC/Baldwin
Insurance Group Holdings Finance, 7.13%,
05/15/31(b)
|
USD
|
397
|
417,726
|
Galaxy Bidco Ltd., 6.50%, 07/31/26(c)
|
GBP
|
200
|
265,385
|
Howden UK Refinance PLC/Howden UK Refinance
2 PLC/Howden US Refinance LLC(b)
|
|
|
|
7.25%, 02/15/31
|
USD
|
8,841
|
9,173,996
|
8.13%, 02/15/32
|
|
4,366
|
4,488,121
|
HUB International Ltd.(b)
|
|
|
|
7.25%, 06/15/30
|
|
18,052
|
18,808,024
|
7.38%, 01/31/32
|
|
20,648
|
21,321,022
|
Jones Deslauriers Insurance Management, Inc.(b)
|
|
|
|
8.50%, 03/15/30
|
|
2,894
|
3,096,305
|
10.50%, 12/15/30
|
|
2,272
|
2,470,757
|
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)
|
|
13,904
|
14,584,031
|
Phoenix Group Holdings PLC, (5-year CMT + 4.19%),
8.50%(a)(c)(f)
|
|
200
|
209,144
|
UnipolSai Assicurazioni SpA, 4.90%, 05/23/34(c)
|
EUR
|
100
|
113,624
|
USI, Inc./New York, 7.50%, 01/15/32(b)
|
USD
|
2,420
|
2,506,997
|
|
|
|
114,163,854
|
Interactive Media & Services(c) — 0.1%
|
|||
iliad SA
|
|
|
|
5.38%, 06/14/27
|
EUR
|
100
|
115,519
|
5.38%, 02/15/29
|
|
300
|
348,973
|
5.63%, 02/15/30
|
|
100
|
117,582
|
United Group BV
|
|
|
|
4.00%, 11/15/27
|
|
100
|
108,677
|
6.75%, 02/15/31
|
|
193
|
222,894
|
|
|
|
913,645
|
Internet Software & Services — 1.0%
|
|||
Acuris Finance U.S., Inc./Acuris Finance SARL(b)
|
|
|
|
5.00%, 05/01/28
|
USD
|
2,232
|
2,044,236
|
9.00%, 08/01/29
|
|
576
|
578,880
|
ANGI Group LLC, 3.88%, 08/15/28(b)
|
|
869
|
796,901
|
Cablevision Lightpath LLC(b)
|
|
|
|
3.88%, 09/15/27
|
|
600
|
571,123
|
5.63%, 09/15/28
|
|
1,201
|
1,127,952
|
Engineering - Ingegneria Informatica - SpA, 11.13%,
05/15/28(c)
|
EUR
|
122
|
137,841
|
Security
|
|
Par
(000)
|
Value
|
Internet Software & Services (continued)
|
|||
ION Trading Technologies SARL, 9.50%, 05/30/29(b)
|
USD
|
513
|
$ 525,142
|
Match Group Holdings II LLC(b)
|
|
|
|
4.63%, 06/01/28
|
|
2,149
|
2,089,428
|
5.63%, 02/15/29
|
|
2,261
|
2,261,540
|
4.13%, 08/01/30
|
|
872
|
816,856
|
3.63%, 10/01/31
|
|
464
|
415,514
|
Uber Technologies, Inc.(h)
|
|
|
|
0.00%, 12/15/25(j)
|
|
419
|
461,948
|
Series 2028, 0.88%, 12/01/28(b)
|
|
2,083
|
2,607,916
|
|
|
|
14,435,277
|
IT Services — 0.6%
|
|||
Amentum Escrow Corp., 7.25%, 08/01/32(b)
|
|
1,387
|
1,447,519
|
Atos SE(c)(d)(g)
|
|
|
|
0.00%, 11/06/24
|
EUR
|
100
|
7,236
|
2.50%, 11/07/28
|
|
100
|
8,041
|
1.00%, 11/12/29
|
|
100
|
8,571
|
CA Magnum Holdings, 5.38%, 10/31/26(b)
|
USD
|
2,652
|
2,614,580
|
KBR, Inc., 4.75%, 09/30/28(b)
|
|
1,213
|
1,159,766
|
McAfee Corp., 7.38%, 02/15/30(b)
|
|
3,901
|
3,804,870
|
|
|
|
9,050,583
|
Machinery — 1.7%
|
|||
Chart Industries, Inc.(b)
|
|
|
|
7.50%, 01/01/30
|
|
3,648
|
3,844,722
|
9.50%, 01/01/31
|
|
537
|
585,288
|
Dynamo Newco II GmbH, 6.25%, 10/15/31(c)
|
EUR
|
100
|
112,011
|
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28(b)
|
USD
|
646
|
517,438
|
Husky Injection Molding Systems Ltd./Titan Co-Borrower
LLC, 9.00%, 02/15/29(b)
|
|
4,181
|
4,362,919
|
IMA Industria Macchine Automatiche SpA(c)
|
|
|
|
3.75%, 01/15/28
|
EUR
|
100
|
108,230
|
(3-mo. EURIBOR + 3.75%), 7.44%, 04/15/29(a)
|
|
200
|
225,157
|
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
|
USD
|
668
|
684,700
|
Nova Alexandre III SAS, (3-mo. EURIBOR + 5.25%),
8.91%, 07/15/29(a)(c)
|
EUR
|
100
|
109,089
|
Terex Corp., 10/15/32(b)(i)
|
USD
|
1,137
|
1,137,000
|
TK Elevator Holdco GmbH
|
|
|
|
6.63%, 07/15/28(c)
|
EUR
|
900
|
999,330
|
7.63%, 07/15/28(b)
|
USD
|
3,445
|
3,466,979
|
TK Elevator Midco GmbH, 4.38%, 07/15/27(c)
|
EUR
|
992
|
1,095,035
|
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)
|
USD
|
8,235
|
8,146,118
|
|
|
|
25,394,016
|
Media — 6.0%
|
|||
Cable One, Inc.
|
|
|
|
0.00%, 03/15/26(h)(j)
|
|
475
|
434,625
|
1.13%, 03/15/28(h)
|
|
1,577
|
1,268,901
|
4.00%, 11/15/30(b)
|
|
1,849
|
1,473,884
|
CCO Holdings LLC/CCO Holdings Capital Corp.(b)
|
|
|
|
5.38%, 06/01/29
|
|
91
|
87,696
|
4.75%, 03/01/30
|
|
135
|
124,178
|
4.25%, 02/01/31
|
|
512
|
451,445
|
7.38%, 03/01/31
|
|
21,539
|
22,053,222
|
4.25%, 01/15/34
|
|
305
|
250,179
|
CSC Holdings LLC(b)
|
|
|
|
5.50%, 04/15/27
|
|
600
|
527,671
|
5.38%, 02/01/28
|
|
1,200
|
1,010,841
|
11.25%, 05/15/28
|
|
5,500
|
5,309,243
|
11.75%, 01/31/29
|
|
4,000
|
3,866,365
|
4.13%, 12/01/30
|
|
210
|
153,039
|
3.38%, 02/15/31
|
|
589
|
417,630
|
4.50%, 11/15/31
|
|
1,200
|
873,590
|
Security
|
|
Par
(000)
|
Value
|
Media (continued)
|
|||
Directv Financing LLC/Directv Financing Co-Obligor,
Inc., 5.88%, 08/15/27(b)
|
USD
|
3,472
|
$ 3,408,922
|
DISH DBS Corp.(b)
|
|
|
|
5.25%, 12/01/26
|
|
3,230
|
2,984,918
|
5.75%, 12/01/28
|
|
3,502
|
3,059,771
|
DISH Network Corp., 11.75%, 11/15/27(b)
|
|
5,446
|
5,715,742
|
GCI LLC, 4.75%, 10/15/28(b)
|
|
426
|
409,086
|
Gray Television, Inc., 10.50%, 07/15/29(b)
|
|
3,527
|
3,683,821
|
LCPR Senior Secured Financing DAC, 6.75%,
10/15/27(b)
|
|
4,783
|
4,376,579
|
Midcontinent Communications, 8.00%, 08/15/32(b)
|
|
1,838
|
1,870,748
|
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%,
09/15/26(b)
|
|
676
|
576,713
|
Sirius XM Radio, Inc.(b)
|
|
|
|
5.00%, 08/01/27
|
|
6,942
|
6,829,372
|
4.00%, 07/15/28
|
|
381
|
359,452
|
Sunrise FinCo I BV, 4.88%, 07/15/31(b)
|
|
3,270
|
3,094,009
|
Tele Columbus AG, (10.00% PIK), 10.00%,
01/01/29(c)(e)
|
EUR
|
303
|
265,973
|
Telenet Finance Luxembourg Notes SARL, 5.50%,
03/01/28(b)
|
USD
|
2,000
|
1,955,000
|
Univision Communications, Inc.(b)
|
|
|
|
6.63%, 06/01/27
|
|
3,632
|
3,636,446
|
8.00%, 08/15/28
|
|
3,363
|
3,438,550
|
07/31/31(i)
|
|
2,003
|
2,007,474
|
Virgin Media Secured Finance PLC
|
|
|
|
4.13%, 08/15/30(c)
|
GBP
|
100
|
115,646
|
4.50%, 08/15/30(b)
|
USD
|
200
|
177,908
|
VZ Secured Financing BV, 3.50%, 01/15/32(c)
|
EUR
|
170
|
174,424
|
Ziggo Bond Co. BV, 5.13%, 02/28/30(b)
|
USD
|
868
|
800,112
|
Ziggo BV, 4.88%, 01/15/30(b)
|
|
1,165
|
1,107,004
|
|
|
|
88,350,179
|
Metals & Mining — 3.4%
|
|||
Arsenal AIC Parent LLC(b)
|
|
|
|
8.00%, 10/01/30
|
|
1,197
|
1,284,480
|
11.50%, 10/01/31
|
|
4,367
|
4,935,665
|
ATI, Inc.
|
|
|
|
5.88%, 12/01/27
|
|
886
|
884,837
|
7.25%, 08/15/30
|
|
2,612
|
2,781,354
|
5.13%, 10/01/31
|
|
1,063
|
1,032,616
|
Carpenter Technology Corp., 7.63%, 03/15/30
|
|
1,314
|
1,375,854
|
Constellium SE
|
|
|
|
5.63%, 06/15/28(b)
|
|
4,620
|
4,610,080
|
5.38%, 08/15/32(c)
|
EUR
|
117
|
134,015
|
6.38%, 08/15/32(b)
|
USD
|
1,591
|
1,632,881
|
ERO Copper Corp., 6.50%, 02/15/30(b)
|
|
1,179
|
1,172,291
|
First Quantum Minerals Ltd., 9.38%, 03/01/29(b)
|
|
3,182
|
3,372,920
|
Kaiser Aluminum Corp.(b)
|
|
|
|
4.63%, 03/01/28
|
|
5,712
|
5,524,330
|
4.50%, 06/01/31
|
|
3,833
|
3,506,855
|
Mineral Resources Ltd., 9.25%, 10/01/28(b)
|
|
155
|
165,042
|
New Gold, Inc., 7.50%, 07/15/27(b)
|
|
2,830
|
2,885,921
|
Novelis Corp.(b)
|
|
|
|
4.75%, 01/30/30
|
|
7,685
|
7,450,653
|
3.88%, 08/15/31
|
|
5,237
|
4,787,466
|
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(c)
|
EUR
|
1,029
|
1,093,609
|
Vallourec SACA, 7.50%, 04/15/32(b)
|
USD
|
1,599
|
1,696,178
|
|
|
|
50,327,047
|
Security
|
|
Par
(000)
|
Value
|
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.2%
|
|||
Ladder Capital Finance Holdings LLLP/Ladder Capital
Finance Corp.
|
|
|
|
4.75%, 06/15/29
|
USD
|
826
|
$ 806,732
|
7.00%, 07/15/31
|
|
1,139
|
1,207,602
|
Starwood Property Trust, Inc.
|
|
|
|
4.38%, 01/15/27
|
|
190
|
185,152
|
7.25%, 04/01/29
|
|
879
|
921,686
|
04/15/30(i)
|
|
442
|
442,180
|
|
|
|
3,563,352
|
Oil, Gas & Consumable Fuels — 12.2%
|
|||
Aethon United BR LP/Aethon United Finance Corp.,
10/01/29(b)(i)
|
|
1,926
|
1,951,519
|
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 6.63%, 02/01/32(b)
|
|
1,514
|
1,566,969
|
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
|
|
|
|
9.00%, 11/01/27
|
|
1,139
|
1,361,616
|
8.25%, 12/31/28
|
|
3,265
|
3,344,908
|
5.88%, 06/30/29
|
|
1,321
|
1,305,013
|
Baytex Energy Corp., 8.50%, 04/30/30(b)
|
|
310
|
321,289
|
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
|
|
|
|
7.00%, 07/15/29
|
|
1,140
|
1,185,127
|
7.25%, 07/15/32
|
|
918
|
963,349
|
Borr IHC Ltd./Borr Finance LLC(b)
|
|
|
|
10.00%, 11/15/28
|
|
1,459
|
1,504,191
|
10.38%, 11/15/30
|
|
586
|
617,334
|
Buckeye Partners LP
|
|
|
|
6.88%, 07/01/29(b)
|
|
495
|
507,162
|
5.85%, 11/15/43
|
|
816
|
729,566
|
5.60%, 10/15/44
|
|
553
|
473,275
|
CD&R Firefly Bidco PLC, 8.63%, 04/30/29(c)
|
GBP
|
104
|
143,770
|
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
|
USD
|
2,678
|
2,786,597
|
Civitas Resources, Inc.(b)
|
|
|
|
8.38%, 07/01/28
|
|
2,737
|
2,845,027
|
8.63%, 11/01/30
|
|
1,457
|
1,543,658
|
8.75%, 07/01/31
|
|
3,283
|
3,475,180
|
CNX Midstream Partners LP, 4.75%, 04/15/30(b)
|
|
520
|
486,232
|
Comstock Resources, Inc.(b)
|
|
|
|
6.75%, 03/01/29
|
|
4,687
|
4,573,786
|
5.88%, 01/15/30
|
|
2,474
|
2,313,406
|
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)
|
|
6,898
|
6,765,737
|
Crescent Energy Finance LLC(b)
|
|
|
|
7.63%, 04/01/32
|
|
2,351
|
2,351,743
|
7.38%, 01/15/33
|
|
3,116
|
3,066,839
|
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
|
|
1,138
|
1,189,050
|
eG Global Finance PLC, 12.00%, 11/30/28(b)
|
|
1,943
|
2,168,507
|
Enbridge, Inc.(a)
|
|
|
|
(5-year CMT + 2.97%), 7.20%, 06/27/54
|
|
810
|
849,206
|
(5-year CMT + 3.12%), 7.38%, 03/15/55
|
|
1,104
|
1,145,008
|
(5-year CMT + 4.43%), 8.50%, 01/15/84
|
|
1,023
|
1,144,223
|
Encino Acquisition Partners Holdings LLC, 8.75%,
05/01/31(b)
|
|
1,151
|
1,210,547
|
Energy Transfer LP(a)
|
|
|
|
(5-year CMT + 2.83%), 7.13%, 10/01/54
|
|
1,564
|
1,599,443
|
(5-year CMT + 4.02%), 8.00%, 05/15/54
|
|
2,991
|
3,218,223
|
Series B, (3-mo. LIBOR US + 4.16%), 6.63%(f)
|
|
588
|
579,572
|
Series H, (5-year CMT + 5.69%), 6.50%(f)
|
|
2,085
|
2,080,012
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
7.75%, 02/01/28
|
|
559
|
566,010
|
Security
|
|
Par
(000)
|
Value
|
Oil, Gas & Consumable Fuels (continued)
|
|||
Genesis Energy LP/Genesis Energy Finance
Corp. (continued)
|
|
|
|
8.25%, 01/15/29
|
USD
|
1,716
|
$ 1,776,849
|
8.88%, 04/15/30
|
|
550
|
578,175
|
7.88%, 05/15/32
|
|
1,963
|
1,998,621
|
Gulfport Energy Corp., 6.75%, 09/01/29(b)
|
|
920
|
930,760
|
Harbour Energy PLC, 5.50%, 10/15/26(b)
|
|
420
|
418,184
|
Harvest Midstream I LP, 7.50%, 05/15/32(b)
|
|
1,103
|
1,160,182
|
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
|
|
|
|
6.25%, 11/01/28
|
|
514
|
512,970
|
5.75%, 02/01/29
|
|
1,299
|
1,263,722
|
6.00%, 04/15/30
|
|
130
|
126,715
|
8.38%, 11/01/33
|
|
2,716
|
2,928,117
|
6.88%, 05/15/34
|
|
1,720
|
1,713,612
|
Howard Midstream Energy Partners LLC(b)
|
|
|
|
8.88%, 07/15/28
|
|
1,391
|
1,475,299
|
7.38%, 07/15/32
|
|
1,269
|
1,314,305
|
ITT Holdings LLC, 6.50%, 08/01/29(b)
|
|
1,889
|
1,789,549
|
Matador Resources Co., 6.50%, 04/15/32(b)
|
|
1,546
|
1,543,791
|
Moss Creek Resources Holdings, Inc., 8.25%,
09/01/31(b)
|
|
874
|
863,017
|
Murphy Oil Corp., 5.88%, 12/01/42
|
|
141
|
128,261
|
Nabors Industries Ltd., 7.50%, 01/15/28(b)
|
|
1,164
|
1,090,607
|
Nabors Industries, Inc.(b)
|
|
|
|
9.13%, 01/31/30
|
|
757
|
780,693
|
8.88%, 08/15/31
|
|
292
|
277,772
|
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)
|
|
|
|
8.13%, 02/15/29
|
|
2,642
|
2,708,967
|
8.38%, 02/15/32
|
|
5,346
|
5,509,347
|
Noble Finance II LLC, 8.00%, 04/15/30(b)
|
|
3,052
|
3,149,035
|
Northern Oil & Gas, Inc.(b)
|
|
|
|
8.13%, 03/01/28
|
|
6,436
|
6,482,687
|
8.75%, 06/15/31
|
|
1,642
|
1,710,987
|
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
|
|
873
|
901,038
|
Parkland Corp., 6.63%, 08/15/32(b)
|
|
1,228
|
1,246,641
|
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
|
|
1,008
|
1,038,349
|
Permian Resources Operating LLC(b)
|
|
|
|
9.88%, 07/15/31
|
|
1,614
|
1,801,206
|
6.25%, 02/01/33
|
|
2,436
|
2,475,305
|
Prairie Acquiror LP, 9.00%, 08/01/29(b)
|
|
984
|
1,015,962
|
Precision Drilling Corp., 6.88%, 01/15/29(b)
|
|
76
|
75,842
|
Seadrill Finance Ltd., 8.38%, 08/01/30(b)
|
|
873
|
911,318
|
Sitio Royalties Operating Partnership LP/Sitio Finance
Corp., 7.88%, 11/01/28(b)
|
|
1,774
|
1,855,789
|
SM Energy Co.
|
|
|
|
6.75%, 09/15/26
|
|
659
|
658,667
|
6.50%, 07/15/28
|
|
141
|
140,845
|
7.00%, 08/01/32(b)
|
|
678
|
680,620
|
Summit Midstream Holdings LLC, 8.63%, 10/31/29(b)
|
|
696
|
727,997
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
|
|
|
|
5.50%, 01/15/28
|
|
1,616
|
1,564,573
|
7.38%, 02/15/29
|
|
2,434
|
2,461,446
|
6.00%, 12/31/30
|
|
66
|
62,701
|
6.00%, 09/01/31
|
|
686
|
649,692
|
Talos Production, Inc.(b)
|
|
|
|
9.00%, 02/01/29
|
|
880
|
906,102
|
9.38%, 02/01/31
|
|
791
|
813,237
|
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)
|
|
1,011
|
960,570
|
Transocean Aquila Ltd., 8.00%, 09/30/28(b)
|
|
608
|
622,064
|
Security
|
|
Par
(000)
|
Value
|
Oil, Gas & Consumable Fuels (continued)
|
|||
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)
|
USD
|
355
|
$ 365,654
|
Transocean, Inc.(b)
|
|
|
|
8.00%, 02/01/27
|
|
1,621
|
1,620,019
|
8.25%, 05/15/29
|
|
3,329
|
3,300,130
|
8.75%, 02/15/30
|
|
3,625
|
3,779,802
|
8.50%, 05/15/31
|
|
3,677
|
3,653,648
|
Valaris Ltd., 8.38%, 04/30/30(b)
|
|
4,342
|
4,472,277
|
Vantage Drilling International Ltd., 9.50%, 02/15/28(b)
|
|
2,353
|
2,368,226
|
Venture Global LNG, Inc.(b)
|
|
|
|
9.50%, 02/01/29
|
|
11,457
|
12,906,364
|
8.38%, 06/01/31
|
|
6,687
|
7,060,977
|
9.88%, 02/01/32
|
|
6,650
|
7,389,426
|
Vermilion Energy, Inc., 6.88%, 05/01/30(b)
|
|
807
|
806,667
|
Vital Energy, Inc.
|
|
|
|
9.75%, 10/15/30
|
|
1,574
|
1,681,866
|
7.88%, 04/15/32(b)
|
|
3,026
|
2,931,316
|
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
|
|
999
|
983,068
|
|
|
|
179,054,722
|
Paper & Forest Products — 0.0%
|
|||
Ahlstrom Holding 3 Oy, 3.63%, 02/04/28(c)
|
EUR
|
109
|
116,155
|
Passenger Airlines — 0.5%
|
|||
American Airlines, Inc., 8.50%, 05/15/29(b)
|
USD
|
2,271
|
2,409,563
|
Finnair OYJ, 4.75%, 05/24/29(c)
|
EUR
|
100
|
111,674
|
United Airlines, Inc., 4.63%, 04/15/29(b)
|
USD
|
5,099
|
4,925,935
|
|
|
|
7,447,172
|
Pharmaceuticals — 0.9%
|
|||
1375209 BC Ltd., 9.00%, 01/30/28(b)
|
|
1,132
|
1,121,942
|
Bausch Health Cos., Inc.(b)
|
|
|
|
6.13%, 02/01/27
|
|
1,643
|
1,483,908
|
5.75%, 08/15/27
|
|
224
|
190,318
|
11.00%, 09/30/28
|
|
2,185
|
2,037,512
|
Cheplapharm Arzneimittel GmbH, 7.50%, 05/15/30(c)
|
EUR
|
237
|
277,750
|
Endo Finance Holdings, Inc., 8.50%, 04/15/31(b)
|
USD
|
1,579
|
1,691,951
|
Grifols SA, 2.25%, 11/15/27(c)
|
EUR
|
1,374
|
1,467,187
|
Nidda Healthcare Holding GmbH, 7.00%, 02/21/30(c)
|
|
215
|
249,499
|
Organon & Co./Organon Foreign Debt Co-Issuer BV,
7.88%, 05/15/34(b)
|
USD
|
1,000
|
1,059,450
|
Rossini SARL(c)
|
|
|
|
6.75%, 12/31/29
|
EUR
|
121
|
141,628
|
(3-mo. EURIBOR + 3.88%), 7.22%, 12/31/29(a)
|
|
172
|
193,094
|
Teva Pharmaceutical Finance Netherlands II BV
|
|
|
|
3.75%, 05/09/27
|
|
100
|
110,300
|
7.38%, 09/15/29
|
|
192
|
239,906
|
7.88%, 09/15/31
|
|
100
|
131,769
|
Teva Pharmaceutical Finance Netherlands III BV
|
|
|
|
7.88%, 09/15/29
|
USD
|
1,670
|
1,843,262
|
8.13%, 09/15/31
|
|
912
|
1,046,235
|
|
|
|
13,285,711
|
Real Estate Management & Development — 0.7%
|
|||
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
|
|
|
|
7.00%, 04/15/30(b)
|
|
1,314
|
1,220,770
|
Series AI, 7.00%, 04/15/30
|
|
1,009
|
937,127
|
Aroundtown Finance SARL, (5-year UK Government
Bond + 4.49%), 8.63%(a)(f)
|
GBP
|
215
|
270,192
|
Aroundtown SA, 0.38%, 04/15/27(c)
|
EUR
|
100
|
101,802
|
Citycon Treasury BV, 2.38%, 01/15/27(c)
|
|
100
|
107,388
|
CoreLogic, Inc., 4.50%, 05/01/28(b)
|
USD
|
2,658
|
2,508,614
|
Security
|
|
Par
(000)
|
Value
|
Real Estate Management & Development (continued)
|
|||
Cushman & Wakefield U.S. Borrower LLC(b)
|
|
|
|
6.75%, 05/15/28
|
USD
|
1,451
|
$ 1,464,162
|
8.88%, 09/01/31
|
|
1,483
|
1,619,114
|
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%,
10/15/24(c)
|
EUR
|
100
|
94,071
|
Heimstaden Bostad Treasury BV, 1.38%, 03/03/27
|
|
100
|
102,990
|
Howard Hughes Corp., 4.38%, 02/01/31(b)
|
USD
|
2,347
|
2,151,360
|
|
|
|
10,577,590
|
Retail REITs — 0.1%
|
|||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)
|
|
755
|
734,772
|
Semiconductors & Semiconductor Equipment — 0.2%
|
|||
ams-OSRAM AG(c)
|
|
|
|
2.13%, 11/03/27
|
EUR
|
100
|
88,774
|
10.50%, 03/30/29
|
|
137
|
157,802
|
MKS Instruments, Inc., 1.25%, 06/01/30(b)(h)
|
USD
|
2,099
|
2,091,654
|
ON Semiconductor Corp., 0.50%, 03/01/29(h)
|
|
763
|
771,393
|
|
|
|
3,109,623
|
Software — 6.9%
|
|||
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)
|
|
13,022
|
12,508,744
|
Capstone Borrower, Inc., 8.00%, 06/15/30(b)
|
|
2,592
|
2,746,374
|
Cedacri Mergeco SpA, (3-mo. EURIBOR + 5.50%),
9.04%, 05/15/28(a)(c)
|
EUR
|
100
|
111,565
|
Central Parent LLC/CDK Global II LLC/CDK Financing
Co., Inc., 8.00%, 06/15/29(b)
|
USD
|
2,696
|
2,804,069
|
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)
|
|
6,114
|
6,252,231
|
Clarivate Science Holdings Corp., 4.88%, 07/01/29(b)
|
|
4,562
|
4,387,914
|
Cloud Software Group, Inc.(b)
|
|
|
|
6.50%, 03/31/29
|
|
15,646
|
15,567,245
|
9.00%, 09/30/29
|
|
11,610
|
11,814,454
|
8.25%, 06/30/32
|
|
9,796
|
10,239,748
|
Dun & Bradstreet Corp., 5.00%, 12/15/29(b)
|
|
4,746
|
4,725,878
|
Helios Software Holdings, Inc./ION Corporate Solutions
Finance SARL
|
|
|
|
4.63%, 05/01/28(b)
|
|
400
|
368,614
|
7.88%, 05/01/29(c)
|
EUR
|
137
|
155,144
|
8.75%, 05/01/29(b)
|
USD
|
782
|
799,341
|
Series SEPT, 7.88%, 05/01/29(c)
|
EUR
|
100
|
113,243
|
Snowflake, Inc.(b)(h)(j)
|
|
|
|
0.00%, 10/01/27
|
USD
|
1,898
|
1,968,226
|
0.00%, 10/01/29
|
|
1,898
|
1,950,195
|
SS&C Technologies, Inc., 6.50%, 06/01/32(b)
|
|
3,595
|
3,716,529
|
TeamSystem SpA, (3-mo. EURIBOR + 3.50%), 7.13%,
07/31/31(a)(c)
|
EUR
|
113
|
126,332
|
UKG, Inc., 6.88%, 02/01/31(b)
|
USD
|
15,077
|
15,579,079
|
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%,
09/01/25(b)
|
|
165
|
154,793
|
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.,
3.88%, 02/01/29(b)
|
|
5,203
|
4,809,521
|
|
|
|
100,899,239
|
Specialty Retail — 0.3%
|
|||
Afflelou SAS, 6.00%, 07/25/29(c)
|
EUR
|
152
|
173,911
|
Duomo Bidco SpA, (3-mo. EURIBOR + 4.13%), 7.80%,
07/15/31(a)(c)
|
|
156
|
175,301
|
Goldstory SAS, 6.75%, 02/01/30(c)
|
|
100
|
113,866
|
NMG Holding Co., Inc./Neiman Marcus Group LLC,
8.50%, 10/01/28(b)
|
USD
|
697
|
709,413
|
Security
|
|
Par
(000)
|
Value
|
Specialty Retail (continued)
|
|||
PetSmart, Inc./PetSmart Finance Corp., 7.75%,
02/15/29(b)
|
USD
|
1,873
|
$ 1,848,961
|
Staples, Inc., 10.75%, 09/01/29(b)
|
|
1,127
|
1,093,529
|
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 5.00%, 06/01/31(b)
|
|
537
|
500,668
|
|
|
|
4,615,649
|
Technology Hardware, Storage & Peripherals — 0.1%
|
|||
NCR Atleos Corp., 9.50%, 04/01/29(b)
|
|
1,234
|
1,358,472
|
Textiles, Apparel & Luxury Goods — 0.1%
|
|||
Crocs, Inc.(b)
|
|
|
|
4.25%, 03/15/29
|
|
217
|
205,151
|
4.13%, 08/15/31
|
|
282
|
256,135
|
European TopSoho SARL, 4.00%, 09/21/21(c)(d)(g)
|
EUR
|
200
|
71,488
|
Hanesbrands, Inc.(b)
|
|
|
|
4.88%, 05/15/26
|
USD
|
989
|
980,329
|
9.00%, 02/15/31
|
|
80
|
86,352
|
PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%),
7.46%, 07/01/29(a)(c)
|
EUR
|
100
|
112,706
|
S&S Holdings LLC, 10/01/31(b)(i)
|
USD
|
405
|
407,779
|
|
|
|
2,119,940
|
Trading Companies & Distributors — 0.5%
|
|||
Azelis Finance NV, 4.75%, 09/25/29(c)
|
EUR
|
100
|
113,213
|
BCPE Empire Holdings, Inc., 7.63%, 05/01/27(b)
|
USD
|
2,306
|
2,313,441
|
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28(b)
|
|
1,030
|
1,025,384
|
Gates Corp., 6.88%, 07/01/29(b)
|
|
1,519
|
1,573,462
|
Resideo Funding, Inc.(b)
|
|
|
|
4.00%, 09/01/29
|
|
290
|
273,166
|
6.50%, 07/15/32
|
|
2,047
|
2,101,270
|
|
|
|
7,399,936
|
Transportation Infrastructure — 0.1%
|
|||
GN Bondco LLC, 9.50%, 10/15/31(b)
|
|
1,038
|
1,092,590
|
Mobico Group PLC, (5-year UK Government Bond +
4.14%), 4.25%(a)(c)(f)
|
GBP
|
154
|
186,928
|
SGL Group ApS, (3-mo. EURIBOR + 4.75%), 8.44%,
04/22/30(a)
|
EUR
|
100
|
111,593
|
|
|
|
1,391,111
|
Water Utilities — 0.0%
|
|||
Thames Water Utilities Finance PLC, 4.00%, 04/18/27(c)
|
|
100
|
81,825
|
Total Corporate Bonds — 101.0%
(Cost: $1,428,691,759)
|
1,483,168,517
|
||
Fixed Rate Loan Interests
|
|||
Advertising Agencies — 0.4%
|
|||
Clear Channel International BV, 2024 CCIBV Fixed Term
Loan, 7.50%, 04/01/27
|
USD
|
5,170
|
5,131,225
|
Security
|
|
Par
(000)
|
Value
|
Software — 0.9%
|
|||
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
|
USD
|
13,480
|
$ 13,530,048
|
Total Fixed Rate Loan Interests — 1.3%
(Cost: $18,608,230)
|
18,661,273
|
||
Floating Rate Loan Interests(a)
|
|||
Advertising Agencies — 0.4%
|
|||
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
8.96%, 08/23/28
|
|
4,263
|
4,244,169
|
Neptune Bidco U.S., Inc., 2022 USD Term Loan B, (3-
mo. CME Term SOFR + 5.10%), 10.40%, 04/11/29
|
|
1,310
|
1,215,264
|
|
|
|
5,459,433
|
Aerospace & Defense — 0.2%
|
|||
Amazon Holdco, Inc., 2024 Term Loan B, 09/29/31(l)
|
|
1,910
|
1,902,838
|
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.85%,
10/31/30
|
|
568
|
567,697
|
Dynasty Acquisition Co., Inc., 2024 Term Loan B1,
08/24/28(l)
|
|
56
|
55,884
|
Ovation Parent, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 3.50%), 8.10%, 04/21/31
|
|
362
|
363,545
|
Standard Aero Ltd., 2024 Term Loan B2, 08/24/28(l)
|
|
21
|
21,544
|
|
|
|
2,911,508
|
Broadline Retail — 0.0%
|
|||
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME
Term SOFR + 3.50%), 8.75%, 11/08/27
|
|
491
|
491,647
|
Building Materials — 0.3%
|
|||
Chariot Buyer LLC, 2024 Incremental Term Loan B,
(1-mo. CME Term SOFR + 3.50%), 8.35%, 11/03/28
|
|
792
|
789,755
|
Cornerstone Building Brands, Inc., 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 4.50%),
9.60%, 05/15/31
|
|
384
|
379,081
|
EMRLD Borrower LP, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 7.56%,
08/04/31
|
|
527
|
525,486
|
Hobbs & Associates LLC
|
|
|
|
Delayed Draw Term Loan, 07/23/31(l)
|
|
49
|
48,605
|
Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 3.25%), 8.10%, 07/23/31
|
|
487
|
486,052
|
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 8.85%, 08/05/31
|
|
1,523
|
1,505,227
|
|
|
|
3,734,206
|
Building Products — 0.3%
|
|||
Foundation Building Materials, Inc., 2024 Term Loan B2,
(1-mo. CME Term SOFR at 0.00% Floor + 4.00%),
9.25%, 01/29/31
|
|
2,189
|
2,128,187
|
Security
|
|
Par
(000)
|
Value
|
Building Products (continued)
|
|||
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 8.29%, 06/17/31
|
USD
|
284
|
$ 283,645
|
White Cap Buyer LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 8.10%,
10/19/29
|
|
2,160
|
2,143,727
|
|
|
|
4,555,559
|
Capital Markets — 0.2%
|
|||
Deerfield Dakota Holding LLC, 2021 USD 2nd Lien Term
Loan, (3-mo. CME Term SOFR + 7.01%), 11.62%,
04/07/28
|
|
1,032
|
1,005,772
|
Grant Thornton LLP/Chicago, Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 8.10%,
06/02/31
|
|
992
|
992,894
|
Wec U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.60%,
01/27/31
|
|
238
|
238,171
|
|
|
|
2,236,837
|
Chemicals — 0.4%
|
|||
Aruba Investments Holdings LLC, 2020 2nd Lien Term
Loan, (1-mo. CME Term SOFR + 7.85%), 12.70%,
11/24/28
|
|
443
|
419,283
|
Chemours Co., 2023 USD Term Loan B, (1-mo. CME
Term SOFR + 3.50%), 8.35%, 08/18/28
|
|
794
|
792,940
|
Discovery Purchaser Corp., Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.38%), 9.69%,
10/04/29
|
|
3,024
|
3,007,993
|
Herens U.S. Holdco Corp., USD Term Loan B, (3-mo.
CME Term SOFR at 0.75% Floor + 4.03%), 8.53%,
07/03/28
|
|
615
|
574,420
|
Momentive Performance Materials, Inc., 2023 Term
Loan, (1-mo. CME Term SOFR + 4.50%), 9.35%,
03/29/28
|
|
1,502
|
1,505,712
|
OQ Chemicals Corp., 2017 USD Term Loan B2, (3-mo.
CME Term SOFR at 0.00% Floor + 3.70%), 8.92%,
12/31/26
|
|
187
|
157,785
|
|
|
|
6,458,133
|
Commercial Services & Supplies — 1.1%
|
|||
Allied Universal Holdco LLC, 2021 USD Incremental
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 3.85%), 8.70%, 05/12/28
|
|
1,680
|
1,662,729
|
AVSC Holding Corp., 2018 2nd Lien Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 7.25%), 12.21%,
09/01/25
|
|
638
|
632,918
|
Champions Financing, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 9.85%,
02/23/29
|
|
1,773
|
1,702,080
|
Ensemble RCM LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 8.25%,
08/01/29
|
|
659
|
659,642
|
Fortress Transportation and Infrastructure Investors
LLC, Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 3.75%), 8.60%, 06/27/31
|
|
3,213
|
3,204,967
|
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR + 4.75%), 10.00%, 04/29/29
|
|
475
|
397,515
|
Garda World Security Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.60%,
02/01/29
|
|
809
|
807,674
|
Neon Maple U.S. Debt Mergersub, Inc., 2024 Term Loan
B1, 07/18/31(l)
|
|
1,729
|
1,709,549
|
Security
|
|
Par
(000)
|
Value
|
Commercial Services & Supplies (continued)
|
|||
PG Investment Co. 59 SARL, Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 8.10%,
03/26/31
|
USD
|
801
|
$ 801,470
|
Vortex Opco LLC, Second Out Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.36%), 9.12%,
12/17/28
|
|
1,079
|
767,526
|
Wand NewCo 3, Inc., 2024 1st Lien Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 8.01%,
01/30/31
|
|
3,748
|
3,741,163
|
|
|
|
16,087,233
|
Construction & Engineering — 0.6%
|
|||
Apple Bidco LLC, 2022 Incremental Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 8.35%,
09/22/28
|
|
222
|
221,990
|
Brand Industrial Services, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
9.75%, 08/01/30
|
|
4,730
|
4,592,952
|
Brown Group Holding LLC, 2022 Incremental Term Loan
B2, (3-mo. CME Term SOFR at 0.50% Floor +
2.75%), 7.84%, 07/01/31
|
|
335
|
334,228
|
Chromalloy Corp., 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.75%), 9.08%, 03/27/31
|
|
1,549
|
1,469,446
|
K Hovnaian Enterprises, Third Amendment Revolver,
06/30/26(l)
|
|
1,865
|
1,837,025
|
|
|
|
8,455,641
|
Consumer Finance — 0.1%
|
|||
CPI Holdco B LLC, Term Loan, (1-mo. CME Term SOFR
+ 2.00%), 6.85%, 05/19/31
|
|
921
|
915,850
|
Containers & Packaging — 0.1%
|
|||
LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 5.10%), 9.95%,
10/29/28
|
|
960
|
936,684
|
Mauser Packaging Solutions Holding Co., 2024 Term
Loan B, (1-mo. CME Term SOFR + 3.50%), 8.70%,
04/15/27
|
|
436
|
436,447
|
Trident TPI Holdings, Inc., 2024 Term Loan B6, (3-mo.
CME Term SOFR at 0.50% Floor + 4.00%), 8.60%,
09/15/28
|
|
392
|
392,385
|
|
|
|
1,765,516
|
Diversified Telecommunication Services — 0.8%
|
|||
Delta Topco, Inc.
|
|
|
|
2024 2nd Lien Term Loan, (6-mo. CME Term SOFR
at 0.00% Floor + 5.25%), 9.95%, 11/29/30
|
|
299
|
300,247
|
2024 Term Loan, (6-mo. CME Term SOFR at 0.00%
Floor + 3.50%), 8.20%, 11/30/29
|
|
1,305
|
1,302,294
|
Digicel International Finance Ltd., 2024 Term Loan, (3-
mo. CME Term SOFR + 6.75%), 12.00%, 05/25/27
|
|
2,004
|
1,977,482
|
Frontier Communications Holdings LLC, 2024 Term
Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
3.50%), 8.76%, 07/01/31
|
|
378
|
379,890
|
Level 3 Financing Inc.
|
|
|
|
2024 Extended Term Loan B1, (1-mo. CME Term
SOFR at 2.00% Floor + 6.56%), 11.41%, 04/15/29
|
|
236
|
240,289
|
2024 Extended Term Loan B2, (1-mo. CME Term
SOFR at 2.00% Floor + 6.56%), 11.41%, 04/15/30
|
|
237
|
241,222
|
Lumen Technologies, Inc.
|
|
|
|
2024 Extended Term Loan B1, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 7.32%, 04/15/29
|
|
811
|
710,175
|
2024 Extended Term Loan B2, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 7.32%, 04/15/30
|
|
830
|
717,082
|
Security
|
|
Par
(000)
|
Value
|
Diversified Telecommunication Services (continued)
|
|||
Lumen Technologies, Inc. (continued)
|
|
|
|
2024 Term Loan A, (1-mo. CME Term SOFR +
6.00%), 10.85%, 06/01/28
|
USD
|
436
|
$ 419,070
|
Windstream Services LLC, 2020 Exit Term Loan B, (1-
mo. CME Term SOFR + 6.25%), 11.20%, 09/21/27
|
|
638
|
636,548
|
Windstream Services, LLC, 2024 Term Loan B,
09/25/31(k)(l)
|
|
597
|
597,000
|
Zayo Group Holdings, Inc., USD Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.11%), 7.97%,
03/09/27
|
|
4,389
|
4,002,094
|
|
|
|
11,523,393
|
Electronic Equipment, Instruments & Components — 0.0%
|
|||
Roper Industrial Products Investment Co., 2024 USD
Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 3.25%), 7.85%, 11/22/29
|
|
439
|
439,586
|
Energy Equipment & Services — 0.1%
|
|||
Star Holding LLC, 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.50%), 9.35%,
07/31/31
|
|
1,780
|
1,735,945
|
Entertainment — 0.1%
|
|||
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 3.51%), 8.79%, 10/02/28
|
|
543
|
516,153
|
Entain PLC, 2024 USD Term Loan B3, (6-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 8.01%,
10/31/29
|
|
670
|
669,690
|
Motion Finco SARL, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.10%,
11/12/29
|
|
453
|
435,991
|
OVG Business Services LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.00%), 7.85%, 06/25/31
|
|
462
|
459,113
|
|
|
|
2,080,947
|
Environmental, Maintenance & Security Service — 0.0%
|
|||
GFL Enviromental, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.00%), 7.32%,
07/03/31
|
|
337
|
336,953
|
Financial Services — 0.1%
|
|||
Clue Opco LLC, Term Loan B, (3-mo. CME Term SOFR
+ 4.50%), 9.75%, 12/19/30
|
|
988
|
980,016
|
Food Products — 0.1%
|
|||
Chobani LLC, 2023 Incremental Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.75%), 8.60%,
10/25/27
|
|
866
|
867,837
|
Ground Transportation — 0.1%
|
|||
Genesee & Wyoming, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.60%,
04/10/31
|
|
1,144
|
1,141,253
|
Health Care Equipment & Supplies — 0.6%
|
|||
Bausch & Lomb Corp.
|
|
|
|
2023 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 8.85%, 09/29/28
|
|
1,061
|
1,059,295
|
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.35%), 8.27%, 05/10/27
|
|
2,345
|
2,334,199
|
Security
|
|
Par
(000)
|
Value
|
Health Care Equipment & Supplies (continued)
|
|||
Medline Borrower LP
|
|
|
|
2024 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.75%), 7.60%, 10/23/28
|
USD
|
2,481
|
$ 2,480,432
|
2024 USD Add-on Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 7.10%, 10/23/28
|
|
2,203
|
2,199,494
|
Sotera Health Holdings LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 8.10%,
05/30/31
|
|
953
|
949,426
|
|
|
|
9,022,846
|
Health Care Providers & Services — 0.4%
|
|||
LifePoint Health, Inc.
|
|
|
|
2024 1st Lien Term Loan B, 05/16/31(l)
|
|
998
|
995,872
|
2024 Incremental Term Loan B, (1-mo. CME Term
SOFR + 4.00%), 8.96%, 05/17/31
|
|
760
|
759,568
|
2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 4.75%), 10.05%, 11/16/28
|
|
650
|
648,574
|
Phoenix Newco, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 7.85%,
11/15/28
|
|
220
|
219,443
|
Quorum Health Corp., 2020 Term Loan, (3-mo. CME
Term SOFR at 1.00% Floor + 8.35%), 13.65%,
04/29/25
|
|
1,498
|
1,108,829
|
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.75%), 8.35%, 09/27/30
|
|
2,353
|
2,286,121
|
Surgery Center Holdings, Inc., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.67%, 12/19/30
|
|
266
|
266,169
|
|
|
|
6,284,576
|
Hotels, Restaurants & Leisure — 0.3%
|
|||
1011778 B.C. Unlimited Liability Co., 2024 Term Loan
B6, (1-mo. CME Term SOFR at 0.00% Floor +
1.75%), 6.60%, 09/20/30
|
|
1,123
|
1,110,751
|
Carnival Corp., 2024 Term Loan B1, (1-mo. CME Term
SOFR at 0.75% Floor + 2.75%), 7.60%, 10/18/28
|
|
2,229
|
2,229,773
|
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.11%), 7.97%,
07/22/30
|
|
912
|
906,114
|
Sabre GLBL, Inc.
|
|
|
|
2021 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 8.46%, 12/17/27
|
|
290
|
269,546
|
2021 Term Loan B2, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 8.46%, 12/17/27
|
|
457
|
425,653
|
|
|
|
4,941,837
|
Household Durables — 0.2%
|
|||
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 8.57%,
02/26/29
|
|
1,112
|
1,101,177
|
SWF Holdings I Corp., 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 4.11%), 8.96%,
10/06/28
|
|
2,037
|
1,673,557
|
|
|
|
2,774,734
|
Insurance — 0.8%
|
|||
Alliant Holdings Intermediate, LLC, 2024 Term Loan B6,
09/19/31(l)
|
|
610
|
604,278
|
Security
|
|
Par
(000)
|
Value
|
Insurance (continued)
|
|||
AssuredPartners, Inc., 2024 Incremental Term Loan B5,
(1-mo. CME Term SOFR at 0.50% Floor + 3.50%),
8.35%, 02/14/31
|
USD
|
1,407
|
$ 1,405,128
|
Sedgwick Claims Management Services, Inc.,
2023 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.00%), 8.25%, 07/31/31
|
|
333
|
332,629
|
Truist Insurance Holdings LLC
|
|
|
|
1st Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 7.85%, 05/06/31
|
|
2,668
|
2,661,330
|
2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 4.75%), 9.35%, 05/06/32
|
|
6,321
|
6,415,376
|
|
|
|
11,418,741
|
Interactive Media & Services — 0.3%
|
|||
MH Sub I LLC
|
|
|
|
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR +
6.25%), 11.50%, 02/23/29
|
|
288
|
282,292
|
2023 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 4.25%), 9.10%, 05/03/28
|
|
3,591
|
3,565,308
|
|
|
|
3,847,600
|
Internet Software & Services — 0.3%
|
|||
Proofpoint, Inc., 2024 Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.00%), 7.85%, 08/31/28
|
|
228
|
227,932
|
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 9.60%, 03/15/30
|
|
3,545
|
3,534,601
|
|
|
|
3,762,533
|
IT Services — 0.3%
|
|||
McAfee Corp., 2024 USD Term Loan B, (1-mo. CME
Term SOFR + 3.25%), 8.45%, 03/01/29
|
|
1,201
|
1,195,813
|
Peraton Corp.
|
|
|
|
2nd Lien Term Loan B1, (3-mo. CME Term SOFR +
7.85%), 12.97%, 02/01/29
|
|
2,777
|
2,600,072
|
Term Loan B, (1-mo. CME Term SOFR at 0.75%
Floor + 3.85%), 8.70%, 02/01/28
|
|
1,059
|
1,016,652
|
|
|
|
4,812,537
|
Machinery — 1.0%
|
|||
Alliance Laundry Systems LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.50%),
8.35%, 08/19/31
|
|
213
|
213,147
|
Madison Safety & Flow LLC, 2024 Term Loan B,
09/19/31(l)
|
|
558
|
557,302
|
SPX Flow, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 3.50%), 8.35%, 04/05/29
|
|
1,128
|
1,128,245
|
STS Operating, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.10%), 8.95%,
03/25/31
|
|
809
|
803,400
|
Titan Acquisition Ltd./Canada, 2024 Term Loan B, (6-
mo. CME Term SOFR at 0.00% Floor + 5.00%),
10.33%, 02/15/29
|
|
8,262
|
8,213,823
|
TK Elevator U.S. Newco, Inc., USD Term Loan B, (6-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 8.59%,
04/30/30
|
|
3,921
|
3,927,424
|
|
|
|
14,843,341
|
Media — 0.4%
|
|||
CSC Holdings LLC
|
|
|
|
2019 Term Loan B5, (6-mo. LIBOR US at 0.00%
Floor + 2.50%), 7.17%, 04/15/27
|
|
1,265
|
1,154,191
|
2022 Term Loan B6, (1-mo. CME Term SOFR at
0.00% Floor + 4.50%), 9.60%, 01/18/28
|
|
2,614
|
2,535,986
|
Security
|
|
Par
(000)
|
Value
|
Media (continued)
|
|||
Gray Television, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR + 5.25%), 10.45%, 06/04/29
|
USD
|
704
|
$ 675,023
|
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.36%), 8.21%,
09/25/26
|
|
1,389
|
1,188,019
|
Univision Communications, Inc., 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 3.61%),
8.46%, 01/31/29
|
|
369
|
360,386
|
|
|
|
5,913,605
|
Oil, Gas & Consumable Fuels — 0.1%
|
|||
Freeport LNG Investments LLLP, Term Loan B, (3-mo.
CME Term SOFR + 3.50%), 9.04%, 12/21/28
|
|
224
|
221,314
|
M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 4.60%), 9.45%,
09/19/29
|
|
419
|
418,610
|
NGL Energy Operating LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.75%), 8.60%, 02/03/31
|
|
587
|
583,719
|
|
|
|
1,223,643
|
Passenger Airlines — 0.1%
|
|||
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 5.01%), 10.29%,
04/20/28
|
|
1,198
|
1,230,097
|
Personal Care Products — 0.1%
|
|||
KDC/ONE Development Corp., Inc., 2024 USD Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
4.50%), 9.36%, 08/15/28
|
|
864
|
864,107
|
Pharmaceuticals — 0.4%
|
|||
Amneal Pharmaceuticals LLC, 2023 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 5.50%),
10.35%, 05/04/28
|
|
163
|
164,626
|
Bausch Health Americas, Inc., 2022 Term Loan B, (1-
mo. CME Term SOFR + 5.35%), 10.20%, 02/01/27
|
|
2,186
|
2,095,496
|
Endo Finance Holdings, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 4.50%), 9.78%,
04/23/31
|
|
2,233
|
2,229,740
|
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 4.10%), 8.70%,
10/01/27
|
|
1,772
|
1,682,858
|
Organon & Co., 2024 USD Term Loan B, (1-mo. CME
Term SOFR + 2.50%), 7.46%, 05/19/31
|
|
77
|
76,245
|
|
|
|
6,248,965
|
Real Estate Management & Development — 0.2%
|
|||
CoreLogic, Inc.
|
|
|
|
2nd Lien Term Loan, (1-mo. CME Term SOFR +
6.61%), 11.46%, 06/04/29
|
|
1,107
|
1,070,773
|
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.61%), 8.46%, 06/02/28
|
|
2,467
|
2,438,657
|
Cushman & Wakefield U.S. Borrower LLC, 2024 Term
Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.75%), 8.60%, 01/31/30
|
|
82
|
81,474
|
|
|
|
3,590,904
|
Semiconductors & Semiconductor Equipment — 0.0%
|
|||
Instructure Holdings, Inc., 2024 Term Loan, 09/11/31(l)
|
|
675
|
669,654
|
Software — 3.1%
|
|||
Applied Systems, Inc., 2024 2nd Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 5.25%), 9.85%,
02/23/32
|
|
787
|
809,868
|
Security
|
|
Par
(000)
|
Value
|
Software (continued)
|
|||
Ascend Learning LLC
|
|
|
|
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR
at 0.50% Floor + 5.85%), 10.70%, 12/10/29
|
USD
|
657
|
$ 634,826
|
2021 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 3.60%), 8.45%, 12/11/28
|
|
855
|
850,301
|
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 8.10%,
02/15/29
|
|
9,565
|
9,494,992
|
Azalea Topco, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 8.35%,
04/30/31
|
|
705
|
703,238
|
Boxer Parent Co., Inc.
|
|
|
|
2024 2nd Lien Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 5.75%), 11.01%, 07/30/32
|
|
1,053
|
1,035,889
|
2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.75%), 9.01%, 07/30/31
|
|
3,446
|
3,437,033
|
Cast & Crew Payroll LLC, 2021 Incremental Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),
8.60%, 12/29/28
|
|
557
|
557,984
|
Central Parent, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.85%,
07/06/29
|
|
1,157
|
1,143,598
|
Cloud Software Group, Inc.
|
|
|
|
2024 Third Amendment Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 4.50%), 9.10%, 03/21/31
|
|
1,903
|
1,906,958
|
2024 USD Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 4.00%), 8.60%, 03/30/29
|
|
3,654
|
3,636,587
|
Cloudera, Inc.
|
|
|
|
2021 Second Lien Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 6.10%), 10.95%, 10/08/29
|
|
1,895
|
1,775,439
|
2021 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 3.85%), 8.70%, 10/08/28
|
|
503
|
488,258
|
Ellucian Holdings, Inc.
|
|
|
|
2024 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 3.60%), 8.45%, 10/09/29
|
|
1,011
|
1,012,804
|
2nd Lien Term Loan, (1-mo. CME Term SOFR at
1.00% Floor + 8.10%), 12.95%, 10/09/28(k)
|
|
6,454
|
6,454,333
|
Genesys Cloud Services Holdings II LLC, Term Loan B,
(1-mo. CME Term SOFR at 0.75% Floor + 3.75%),
8.71%, 12/01/27
|
|
698
|
698,231
|
Mitchell International, Inc., 2024 1st Lien Term Loan,
(1-mo. CME Term SOFR + 3.25%), 8.10%, 06/17/31
|
|
1,400
|
1,378,188
|
Modena Buyer LLC, Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 9.10%, 07/01/31
|
|
1,742
|
1,663,976
|
Planview Parent, Inc., 2024 2nd Lien Term Loan, (3-mo.
CME Term SOFR + 6.00%), 10.60%, 12/18/28
|
|
863
|
842,093
|
Polaris Newco LLC, USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.26%), 9.51%,
06/02/28
|
|
1,205
|
1,183,598
|
Project Alpha Intermediate Holding, Inc., 2024 Term
Loan B, (3-mo. CME Term SOFR at 0.50% Floor +
3.75%), 9.00%, 10/28/30
|
|
691
|
692,438
|
Project Boost Purchaser LLC, 2024 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.79%,
07/16/31
|
|
699
|
698,490
|
RealPage, Inc., 2nd Lien Term Loan, (1-mo. CME Term
SOFR + 6.61%), 11.46%, 04/23/29
|
|
2,662
|
2,549,165
|
Security
|
|
Par
(000)
|
Value
|
Software (continued)
|
|||
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 8.55%, 02/10/31
|
USD
|
1,448
|
$ 1,447,598
|
VS Buyer LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR + 3.25%), 8.35%, 04/11/31
|
|
386
|
385,386
|
|
|
|
45,481,271
|
Specialty Retail — 0.1%
|
|||
PetSmart LLC, 2021 Term Loan B, (1-mo. CME Term
SOFR at 0.75% Floor + 3.85%), 8.70%, 02/11/28
|
|
1,194
|
1,182,389
|
Technology Hardware, Storage & Peripherals — 0.0%
|
|||
Cubic Corp.
|
|
|
|
Term Loan B, (3-mo. CME Term SOFR at 0.75%
Floor + 4.51%), 9.57%, 05/25/28
|
|
627
|
482,832
|
Term Loan C, (3-mo. CME Term SOFR at 0.75%
Floor + 4.51%), 9.57%, 05/25/28
|
|
127
|
98,198
|
|
|
|
581,030
|
Trading Companies & Distributors — 0.0%
|
|||
BCPE Empire Holdings, Inc., 2024 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 4.00%), 8.85%,
12/11/28
|
|
340
|
340,237
|
Total Floating Rate Loan Interests — 13.7%
(Cost: $201,596,727)
|
201,212,140
|
|
|
Shares
|
|
Investment Companies
|
|||
Fixed Income Funds — 3.1%
|
|
||
Invesco Senior Loan ETF
|
|
612,941
|
12,877,891
|
iShares Broad USD High Yield Corporate Bond ETF(m)
|
|
893,154
|
33,627,248
|
|
|
|
46,505,139
|
Total Investment Companies — 3.1%
(Cost: $45,657,451)
|
46,505,139
|
|
|
Par
(000)
|
|
Preferred Securities
|
|||
Capital Trusts — 5.4%(a)
|
|||
Automobile Components — 0.2%
|
|
||
Aptiv PLC/Aptiv Global Financing DAC, 6.88%,
12/15/54
|
USD
|
3,255
|
3,289,203
|
Automobiles — 0.0%
|
|
||
General Motors Financial Co., Inc., Series C, 5.70%(f)
|
|
427
|
417,876
|
Banks(f) — 1.5%
|
|
||
AIB Group PLC, 5.25%(c)
|
EUR
|
210
|
233,906
|
Barclays PLC
|
|
|
|
4.38%
|
USD
|
2,490
|
2,228,703
|
8.00%
|
|
980
|
1,032,029
|
9.63%
|
|
3,745
|
4,216,548
|
CaixaBank SA, 7.50%(c)
|
EUR
|
200
|
237,936
|
Citigroup, Inc.
|
|
|
|
Series AA, 7.63%
|
USD
|
1,571
|
1,678,415
|
Series CC, 7.13%
|
|
3,685
|
3,835,868
|
Series DD, 7.00%
|
|
860
|
920,293
|
Cooperatieve Rabobank UA, 4.38%(c)
|
EUR
|
200
|
217,064
|
HSBC Holdings PLC, 4.75%(c)
|
|
200
|
217,348
|
Security
|
|
Par
(000)
|
Value
|
Banks (continued)
|
|
||
ING Groep NV, 8.00%(c)
|
USD
|
200
|
$ 214,764
|
KBC Group NV, 8.00%(c)
|
EUR
|
200
|
241,275
|
Lloyds Banking Group PLC, 4.95%(c)
|
|
200
|
222,352
|
NatWest Group PLC, 8.13%
|
USD
|
1,115
|
1,216,389
|
Nordea Bank Abp, 6.30%(b)
|
|
978
|
969,287
|
PNC Financial Services Group, Inc.
|
|
|
|
Series V, 6.20%
|
|
1,417
|
1,442,502
|
Series W, 6.25%
|
|
1,572
|
1,596,353
|
Wells Fargo & Co., 6.85%
|
|
1,680
|
1,753,421
|
|
|
|
22,474,453
|
Capital Markets(f) — 0.7%
|
|
||
UBS Group AG
|
|
|
|
7.00%(c)
|
|
200
|
200,484
|
6.85%(b)
|
|
975
|
986,609
|
7.75%(b)
|
|
2,535
|
2,710,432
|
Series NC10, 9.25%(b)
|
|
2,519
|
2,970,743
|
Series NC5, 9.25%(b)
|
|
2,275
|
2,515,242
|
|
|
|
9,383,510
|
Diversified Telecommunication Services(c) — 0.1%
|
|
||
British Telecommunications PLC, 5.13%, 10/03/54
|
EUR
|
200
|
228,474
|
Telefonica Europe BV(f)
|
|
|
|
7.13%
|
|
200
|
244,369
|
6.14%
|
|
300
|
356,661
|
5.75%
|
|
100
|
116,559
|
6.75%
|
|
100
|
122,725
|
|
|
|
1,068,788
|
Electric Utilities — 0.6%
|
|
||
Duke Energy Corp., 6.45%, 09/01/54
|
USD
|
1,532
|
1,590,676
|
Edison International, Series B, 5.00%(f)
|
|
1,263
|
1,234,065
|
EDP SA(c)
|
|
|
|
5.94%, 04/23/83
|
EUR
|
100
|
117,229
|
4.75%, 05/29/54
|
|
100
|
112,595
|
Electricite de France SA(c)(f)
|
|
|
|
3.00%
|
|
200
|
212,389
|
3.38%
|
|
200
|
202,838
|
5.13%
|
|
200
|
223,642
|
6.00%
|
GBP
|
300
|
398,979
|
NRG Energy, Inc., 10.25%(b)(f)
|
USD
|
2,518
|
2,840,213
|
PG&E Corp., 7.38%, 03/15/55
|
|
880
|
923,008
|
Terna - Rete Elettrica Nazionale, 4.75%(c)(f)
|
EUR
|
125
|
142,275
|
|
|
|
7,997,909
|
Energy Equipment & Services — 1.3%
|
|
||
Venture Global LNG, Inc., 9.00%(b)(f)
|
USD
|
19,040
|
19,299,494
|
Financial Services — 0.1%
|
|
||
Corebridge Financial, Inc., 6.38%, 09/15/54
|
|
1,221
|
1,233,564
|
Gas Utilities — 0.1%
|
|
||
AltaGas Ltd., 7.20%, 10/15/54(b)
|
|
1,618
|
1,652,599
|
Naturgy Finance Iberia SA, 2.37%(c)(f)
|
EUR
|
200
|
214,949
|
Snam SpA, 4.50%(c)(f)
|
|
100
|
112,484
|
|
|
|
1,980,032
|
Health Care Providers & Services — 0.0%
|
|
||
Clariane SE, 13.17%(c)(f)
|
GBP
|
200
|
262,042
|
Hotels, Restaurants & Leisure — 0.0%
|
|
||
Accor SA, 4.88%(c)(f)
|
EUR
|
100
|
112,551
|
Independent Power and Renewable Electricity Producers — 0.3%
|
|
||
AES Corp., 7.60%, 01/15/55
|
USD
|
1,441
|
1,515,991
|
Security
|
|
Par
(000)
|
Value
|
Independent Power and Renewable Electricity Producers (continued)
|
|
||
Orsted A/S, 2.50%, 12/31/99(c)
|
GBP
|
100
|
$ 98,934
|
Vistra Corp., 7.00%(b)(f)
|
USD
|
2,908
|
2,968,498
|
|
|
|
4,583,423
|
Insurance — 0.0%
|
|
||
Poste Italiane SpA, 2.63%(c)(f)
|
EUR
|
100
|
101,725
|
Media — 0.0%
|
|
||
SES SA, 6.00%, 09/12/54(c)
|
|
150
|
157,051
|
Multi-Utilities — 0.2%
|
|
||
CenterPoint Energy, Inc.
|
|
|
|
Series A, 7.00%, 02/15/55
|
USD
|
620
|
644,016
|
Series B, 6.85%, 02/15/55
|
|
1,241
|
1,279,673
|
Centrica PLC, 6.50%, 05/21/55(c)
|
GBP
|
100
|
137,071
|
Dominion Energy, Inc., Series B, 7.00%, 06/01/54
|
USD
|
865
|
944,431
|
|
|
|
3,005,191
|
Oil, Gas & Consumable Fuels — 0.2%
|
|
||
South Bow Canadian Infrastructure Holdings Ltd.(b)
|
|
|
|
7.50%, 03/01/55
|
|
1,330
|
1,397,318
|
7.63%, 03/01/55
|
|
601
|
622,847
|
Var Energi ASA, 7.86%, 11/15/83(c)
|
EUR
|
100
|
122,168
|
|
|
|
2,142,333
|
Pharmaceuticals(c) — 0.0%
|
|
||
Bayer AG
|
|
|
|
4.50%, 03/25/82
|
|
200
|
220,007
|
7.00%, 09/25/83
|
|
100
|
118,952
|
Series NC5, 6.63%, 09/25/83
|
|
100
|
115,964
|
|
|
|
454,923
|
Real Estate Management & Development — 0.0%
|
|
||
Heimstaden Bostad AB, 2.63%(c)(f)
|
|
375
|
357,566
|
Transportation Infrastructure — 0.0%
|
|
||
Abertis Infraestructuras Finance BV, 3.25%(c)(f)
|
|
200
|
219,847
|
Wireless Telecommunication Services(c) — 0.1%
|
|
||
Vodafone Group PLC
|
|
|
|
2.63%, 08/27/80
|
|
400
|
434,930
|
3.00%, 08/27/80
|
|
100
|
103,722
|
6.50%, 08/30/84
|
|
100
|
122,446
|
|
|
|
661,098
|
|
79,202,579
|
|
|
Shares
|
|
Preferred Stocks — 1.1%(d)
|
|||
Insurance — 0.4%
|
|
||
Alliant Cali, Inc., (Acquired 09/25/24, Cost: $5,947,430),
10.00%, 12/31/79(n)
|
|
6,038
|
5,947,430
|
Interactive Media & Services — 0.7%
|
|
||
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost:
$6,330,867)(k)(n)
|
|
57,777
|
9,824,401
|
Security
|
|
Shares
|
Value
|
Wireless Telecommunication Services — 0.0%
|
|
||
CF-B L2 (D) LLC, (Acquired 04/08/15, Cost:
$681,884)(n)
|
|
696,269
|
$ 6,823
|
Ligado Networks LLC(o)
|
|
32,168
|
8,042
|
|
|
|
14,865
|
|
15,786,696
|
||
Total Preferred Securities — 6.5%
(Cost: $93,964,878)
|
94,989,275
|
||
Total Long-Term Investments — 126.3%
(Cost: $1,798,660,039)
|
1,855,619,936
|
||
Short-Term Securities
|
|||
Money Market Funds — 0.2%
|
|
||
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.83%(m)(p)
|
|
2,208,977
|
2,208,977
|
Total Short-Term Securities — 0.2%
(Cost: $2,208,977)
|
2,208,977
|
||
Total Investments — 126.5%
(Cost: $1,800,869,016)
|
1,857,828,913
|
||
Liabilities in Excess of Other Assets — (26.5)%
|
(389,009,521
)
|
||
Net Assets — 100.0%
|
$ 1,468,819,392
|
(a)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from registration
to
qualified institutional investors.
|
(c)
|
This security may be resold to qualified foreign investors and foreign institutional
buyers
under Regulation S of the Securities Act of 1933.
|
(d)
|
Non-income producing security.
|
(e)
|
Payment-in-kind security which may pay interest/dividends in additional par/shares
and/or in cash. Rates shown are the current rate and possible payment rates.
|
(f)
|
Perpetual security with no stated maturity date.
|
(g)
|
Issuer filed for bankruptcy and/or is in default.
|
(h)
|
Convertible security.
|
(i)
|
When-issued security.
|
(j)
|
Zero-coupon bond.
|
(k)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
(l)
|
Represents an unsettled loan commitment at period end. Certain details associated
with
this purchase are not known prior to the settlement date, including coupon rate.
|
(m)
|
Affiliate of the Trust.
|
(n)
|
Restricted security as to resale, excluding 144A securities. The Trust held restricted
securities with a current value of $15,778,654, representing 1.1% of its net assets
as of
period end, and an original cost of $12,960,181.
|
(o)
|
All or a portion of the security is held by a wholly-owned subsidiary.
|
(p)
|
Annualized 7-day yield as of period end.
|
Affiliated Issuer
|
Value at
12/31/23
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
09/30/24
|
Shares
Held at
09/30/24
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares
|
$ 34,146
|
$ 2,174,831
(a)
|
$ —
|
$ —
|
$ —
|
$ 2,208,977
|
2,208,977
|
$ 96,497
|
$ —
|
iShares Broad USD High Yield Corporate Bond ETF
|
—
|
42,635,140
|
(9,930,407
)
|
(29,372
)
|
951,887
|
33,627,248
|
893,154
|
537,835
|
—
|
|
|
|
|
$ (29,372
)
|
$ 951,887
|
$ 35,836,225
|
|
$ 634,332
|
$ —
|
(a)
|
Represents net amount purchased (sold).
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount (000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
Short Contracts
|
|
|
|
|
U.S. Long Bond
|
19
|
12/19/24
|
$ 2,363
|
$ 7,092
|
Ultra U.S. Treasury Bond
|
11
|
12/19/24
|
1,466
|
750
|
|
|
|
|
$ 7,842
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement Date
|
Unrealized
Appreciation
(Depreciation)
|
||
USD
|
163,444
|
EUR
|
146,000
|
Deutsche Bank AG
|
12/18/24
|
$ 417
|
USD
|
105,072
|
EUR
|
94,000
|
Morgan Stanley & Co. International PLC
|
12/18/24
|
109
|
USD
|
102,000
|
EUR
|
91,000
|
State Street Bank and Trust Co.
|
12/18/24
|
387
|
|
|
|
|
|
|
913
|
USD
|
35,678
|
EUR
|
32,000
|
Deutsche Bank AG
|
12/18/24
|
(54
)
|
USD
|
17,852
|
EUR
|
16,000
|
State Street Bank and Trust Co.
|
12/18/24
|
(14
)
|
USD
|
102,614
|
EUR
|
92,000
|
State Street Bank and Trust Co.
|
12/18/24
|
(116
)
|
USD
|
45,008,521
|
EUR
|
40,313,000
|
Toronto-Dominion Bank
|
12/18/24
|
(5,980
)
|
USD
|
118,846
|
GBP
|
90,000
|
The Bank of New York Mellon
|
12/18/24
|
(1,459
)
|
USD
|
14,484
|
GBP
|
11,000
|
UBS AG
|
12/18/24
|
(220
)
|
USD
|
6,407,443
|
GBP
|
4,883,000
|
UBS AG
|
12/18/24
|
(119,785
)
|
|
|
|
|
|
|
(127,628
)
|
|
$ (126,715
)
|
Reference Obligation/Index
|
Financing
Rate Received
by the Trust
|
Payment
Frequency
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
CDX.NA.HY.43.V1
|
5.00
%
|
Quarterly
|
12/20/29
|
B
|
USD
|
48,772
|
$ 3,638,889
|
$ 3,582,608
|
$ 56,281
|
(a)
|
Using the rating of the issuer or the underlying securities of the index, as applicable,
provided by S&P Global Ratings.
|
(b)
|
The maximum potential amount the Trust may pay should a negative credit event take
place as defined under the terms of the agreement.
|
Reference Obligations/Index
|
Financing
Rate Paid
by the Trust
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
Hovnanian Enterprises, Inc.
|
5.00
%
|
Quarterly
|
Barclays Bank PLC
|
06/20/29
|
USD
|
373
|
$ (40,003
)
|
$ (29,341
)
|
$ (10,662
)
|
Hovnanian Enterprises, Inc.
|
5.00
|
Quarterly
|
Goldman Sachs International
|
06/20/29
|
USD
|
373
|
(40,002
)
|
(31,673
)
|
(8,329
)
|
Matterhorn Telecom Holding S.A.
|
5.00
|
Quarterly
|
Goldman Sachs International
|
12/20/29
|
EUR
|
135
|
(19,431
)
|
(18,439
)
|
(992
)
|
|
|
|
|
|
|
|
$ (99,436
)
|
$ (79,453
)
|
$ (19,983
)
|
Reference Obligation/Index
|
Financing
Rate Received
by the Trust
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
Virgin Media Finance PLC
|
5.00
%
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/25
|
B-
|
EUR
|
70
|
$ 3,764
|
$ 2,979
|
$ 785
|
CMA CGM SA
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
06/20/27
|
N/R
|
EUR
|
125
|
13,514
|
17,604
|
(4,090
)
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Bank of America N.A.
|
12/20/27
|
N/R
|
EUR
|
35
|
129
|
(5,231
)
|
5,360
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
21
|
77
|
(3,054
)
|
3,131
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
60
|
217
|
(8,583
)
|
8,800
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Citibank N.A.
|
12/20/27
|
CCC-
|
EUR
|
17
|
63
|
(2,555
)
|
2,618
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
N/R
|
EUR
|
36
|
132
|
(5,425
)
|
5,557
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
12/20/27
|
N/R
|
EUR
|
26
|
96
|
(3,853
)
|
3,949
|
Faurecia SE
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
06/20/29
|
BB
|
EUR
|
80
|
6,409
|
10,065
|
(3,656
)
|
Faurecia SE
|
5.00
|
Quarterly
|
Goldman Sachs International
|
06/20/29
|
BB
|
EUR
|
59
|
4,727
|
6,546
|
(1,819
)
|
Intrum AB
|
5.00
|
Quarterly
|
Goldman Sachs International
|
06/20/29
|
CC
|
EUR
|
22
|
(5,266
)
|
(5,744
)
|
478
|
Intrum AB
|
5.00
|
Quarterly
|
Goldman Sachs International
|
06/20/29
|
CC
|
EUR
|
14
|
(3,511
)
|
(3,318
)
|
(193
)
|
Reference Obligation/Index
|
Financing
Rate Received
by the Trust
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
Virgin Media Finance PLC
|
5.00
%
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
06/20/29
|
B-
|
EUR
|
20
|
$ 1,169
|
$ 699
|
$ 470
|
Virgin Media Finance PLC
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
06/20/29
|
B-
|
EUR
|
30
|
1,815
|
1,043
|
772
|
|
|
|
|
|
|
|
|
$ 23,335
|
$ 1,173
|
$ 22,162
|
(a)
|
Using the rating of the issuer or the underlying securities of the index, as applicable,
provided by S&P Global Ratings.
|
(b)
|
The maximum potential amount the Trust may pay should a negative credit event take
place as defined under the terms of the agreement.
|
Paid by the Trust
|
Received by the Trust
|
|
|
|
|
|
|
|
|
||
Rate/Reference
|
Frequency
|
Rate/Reference
|
Frequency
|
Counterparty
|
Effective
Date
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
9,430
|
$ 790,758
|
$ (98,052
)
|
$ 888,810
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
312
|
22,160
|
(3,710
)
|
25,870
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
312
|
23,257
|
(3,849
)
|
27,106
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
346
|
25,348
|
(4,320
)
|
29,668
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
7,500
|
155,840
|
(55,582
)
|
211,422
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
12/20/24
|
USD
|
12,159
|
239,289
|
(142,692
)
|
381,981
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
JPMorgan Chase
Bank N.A.
|
N/A
|
06/20/25
|
USD
|
1,535
|
22,025
|
(18,996
)
|
41,021
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
06/20/25
|
USD
|
693
|
11,435
|
(7,952
)
|
19,387
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
06/20/25
|
USD
|
693
|
11,096
|
(8,160
)
|
19,256
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx $ Liquid
High Yield Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
06/20/25
|
USD
|
693
|
9,696
|
(8,680
)
|
18,376
|
1-Day SOFR, 4.96%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley &
Co. International
PLC
|
N/A
|
06/20/25
|
USD
|
7,500
|
(196
)
|
(99,551
)
|
99,355
|
|
|
|
|
|
|
|
|
|
$ 1,310,708
|
$ (451,544
)
|
$ 1,762,252
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Assets
|
|
|
|
|
Investments
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
Asset-Backed Securities
|
$ —
|
$ 2,359,079
|
$ —
|
$ 2,359,079
|
Common Stocks
|
8,724,513
|
—
|
—
|
8,724,513
|
Corporate Bonds
|
|
|
|
|
Advertising Agencies
|
—
|
24,778,620
|
—
|
24,778,620
|
Aerospace & Defense
|
—
|
41,857,054
|
—
|
41,857,054
|
Air Freight & Logistics
|
—
|
936,216
|
—
|
936,216
|
Automobile Components
|
—
|
27,589,453
|
—
|
27,589,453
|
Automobiles
|
—
|
16,056,673
|
—
|
16,056,673
|
Banks
|
—
|
11,445,015
|
—
|
11,445,015
|
Biotechnology
|
—
|
295,700
|
—
|
295,700
|
Broadline Retail
|
—
|
3,221,718
|
—
|
3,221,718
|
Building Materials
|
—
|
42,794,298
|
—
|
42,794,298
|
Building Products
|
—
|
12,951,343
|
—
|
12,951,343
|
Capital Markets
|
—
|
23,783,041
|
—
|
23,783,041
|
Chemicals
|
—
|
33,402,741
|
—
|
33,402,741
|
Commercial Services & Supplies
|
493,718
|
90,870,316
|
—
|
91,364,034
|
Construction & Engineering
|
452,360
|
8,987,552
|
—
|
9,439,912
|
Consumer Finance
|
—
|
12,472,490
|
—
|
12,472,490
|
Consumer Staples Distribution & Retail
|
—
|
1,630,358
|
—
|
1,630,358
|
Containers & Packaging
|
—
|
53,635,569
|
—
|
53,635,569
|
Diversified REITs
|
—
|
22,299,250
|
—
|
22,299,250
|
Diversified Telecommunication Services
|
—
|
96,021,600
|
—
|
96,021,600
|
Electric Utilities
|
—
|
20,908,939
|
—
|
20,908,939
|
Electronic Equipment, Instruments & Components
|
—
|
5,203,252
|
—
|
5,203,252
|
Energy Equipment & Services
|
—
|
15,544,309
|
—
|
15,544,309
|
Entertainment
|
—
|
45,938,209
|
—
|
45,938,209
|
Environmental, Maintenance & Security Service
|
—
|
14,225,842
|
—
|
14,225,842
|
Financial Services
|
—
|
31,233,925
|
73,762
|
31,307,687
|
Food Products
|
—
|
12,308,961
|
—
|
12,308,961
|
Gas Utilities
|
—
|
508,028
|
—
|
508,028
|
Ground Transportation
|
—
|
1,665,846
|
—
|
1,665,846
|
Health Care Equipment & Supplies
|
—
|
15,105,855
|
—
|
15,105,855
|
Health Care Providers & Services
|
—
|
45,140,858
|
—
|
45,140,858
|
Health Care REITs
|
—
|
4,772,372
|
—
|
4,772,372
|
Hotel & Resort REITs
|
—
|
16,434,234
|
—
|
16,434,234
|
Hotels, Restaurants & Leisure
|
—
|
70,486,588
|
—
|
70,486,588
|
Household Durables
|
—
|
12,575,085
|
—
|
12,575,085
|
Household Products
|
—
|
1,449,170
|
—
|
1,449,170
|
Independent Power and Renewable Electricity Producers
|
—
|
5,228,327
|
—
|
5,228,327
|
Insurance
|
—
|
114,163,854
|
—
|
114,163,854
|
Interactive Media & Services
|
—
|
913,645
|
—
|
913,645
|
Internet Software & Services
|
—
|
14,435,277
|
—
|
14,435,277
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Corporate Bonds (continued)
|
|
|
|
|
IT Services
|
$ 7,236
|
$ 9,043,347
|
$ —
|
$ 9,050,583
|
Machinery
|
—
|
25,394,016
|
—
|
25,394,016
|
Media
|
—
|
88,350,179
|
—
|
88,350,179
|
Metals & Mining
|
—
|
50,327,047
|
—
|
50,327,047
|
Mortgage Real Estate Investment Trusts (REITs)
|
—
|
3,563,352
|
—
|
3,563,352
|
Oil, Gas & Consumable Fuels
|
—
|
179,054,722
|
—
|
179,054,722
|
Paper & Forest Products
|
—
|
116,155
|
—
|
116,155
|
Passenger Airlines
|
—
|
7,447,172
|
—
|
7,447,172
|
Pharmaceuticals
|
—
|
13,285,711
|
—
|
13,285,711
|
Real Estate Management & Development
|
—
|
10,577,590
|
—
|
10,577,590
|
Retail REITs
|
—
|
734,772
|
—
|
734,772
|
Semiconductors & Semiconductor Equipment
|
88,774
|
3,020,849
|
—
|
3,109,623
|
Software
|
—
|
100,899,239
|
—
|
100,899,239
|
Specialty Retail
|
—
|
4,615,649
|
—
|
4,615,649
|
Technology Hardware, Storage & Peripherals
|
—
|
1,358,472
|
—
|
1,358,472
|
Textiles, Apparel & Luxury Goods
|
71,488
|
2,048,452
|
—
|
2,119,940
|
Trading Companies & Distributors
|
—
|
7,399,936
|
—
|
7,399,936
|
Transportation Infrastructure
|
—
|
1,391,111
|
—
|
1,391,111
|
Water Utilities
|
—
|
81,825
|
—
|
81,825
|
Fixed Rate Loan Interests
|
—
|
18,661,273
|
—
|
18,661,273
|
Floating Rate Loan Interests
|
—
|
194,160,807
|
7,051,333
|
201,212,140
|
Investment Companies
|
46,505,139
|
—
|
—
|
46,505,139
|
Preferred Securities
|
|
|
|
|
Capital Trusts
|
—
|
79,202,579
|
—
|
79,202,579
|
Preferred Stocks
|
—
|
5,955,472
|
9,824,401
|
15,779,873
|
Short-Term Securities
|
|
|
|
|
Money Market Funds
|
2,208,977
|
—
|
—
|
2,208,977
|
Liabilities
|
|
|
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
(122
)
|
—
|
(122
)
|
|
$58,552,205
|
$1,782,320,267
|
$16,949,496
|
1,857,821,968
|
Investments Valued at NAV(b)
|
|
|
|
6,823
|
|
|
|
|
$ 1,857,828,791
|
Derivative Financial Instruments(c)
|
|
|
|
|
Assets
|
|
|
|
|
Credit Contracts
|
$ —
|
$ 88,201
|
$ —
|
$ 88,201
|
Foreign Currency Exchange Contracts
|
—
|
913
|
—
|
913
|
Interest Rate Contracts
|
7,842
|
1,762,252
|
—
|
1,770,094
|
Liabilities
|
|
|
|
|
Credit Contracts
|
—
|
(29,741
)
|
—
|
(29,741
)
|
Foreign Currency Exchange Contracts
|
—
|
(127,628
)
|
—
|
(127,628
)
|
|
$7,842
|
$1,693,997
|
$—
|
$1,701,839
|
(a)
|
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation)
on the commitment.
|
(b)
|
Certain investments of the Trust were fair valued using NAV as a practical expedient
as no quoted market value is available and therefore have been excluded from the fair
value
hierarchy.
|
(c)
|
Derivative financial instruments are swaps, futures contracts and forward foreign
currency exchange contracts. Swaps, futures contracts and forward foreign currency
exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument.
|
|
Common
Stocks
|
Corporate
Bonds
|
Floating
Rate Loan
Interests
|
Preferred
Stocks
|
Total
|
Assets
|
|
|
|
|
|
Opening balance, as of December 31, 2023
|
$ 22,235
|
$ —
|
$ 6,449,900
|
$ 12,598,203
|
$ 19,070,338
|
Transfers into Level 3
|
—
|
—
|
10,263,814
|
—
|
10,263,814
|
Transfers out of Level 3
|
—
|
—
|
(392,911
)
|
(8,042
)
|
(400,953
)
|
Accrued discounts/premiums
|
—
|
(73
)
|
41,240
|
—
|
41,167
|
Net realized gain (loss)
|
(24,633,758
)
|
—
|
(211,715
)
|
612,355
|
(24,233,118
)
|
Net change in unrealized appreciation (depreciation)(a)
|
24,611,523
|
1,973
|
247,062
|
(157,316
)
|
24,703,242
|
Purchases
|
—
|
71,862
|
594,015
|
—
|
665,877
|
Sales
|
—
|
—
|
(9,940,072
)
|
(3,220,799
)
|
(13,160,871
)
|
Closing balance, as of September 30, 2024
|
$ —
|
$ 73,762
|
$ 7,051,333
|
$ 9,824,401
|
$ 16,949,496
|
Net change in unrealized appreciation (depreciation) on investments still held at
September 30, 2024(a)
|
$ —
|
$ 1,973
|
$ (83,552
)
|
$ 187,549
|
$ 105,970
|
(a)
|
Any difference between net change in unrealized appreciation (depreciation) and net
change in unrealized appreciation (depreciation) on investments still held at September
30, 2024 is
generally due to investments no longer held or categorized as Level 3 at period end.
|
Currency Abbreviation
|
|
EUR
|
Euro
|
GBP
|
British Pound
|
USD
|
United States Dollar
|
Portfolio Abbreviation
|
|
CLO
|
Collateralized Loan Obligation
|
CMT
|
Constant Maturity Treasury
|
DAC
|
Designated Activity Company
|
ETF
|
Exchange-Traded Fund
|
EURIBOR
|
Euro Interbank Offered Rate
|
LIBOR
|
London Interbank Offered Rate
|
PIK
|
Payment-in-Kind
|
REIT
|
Real Estate Investment Trust
|
SOFR
|
Secured Overnight Financing Rate
|
1 Year BlackRock Corporate High... Chart |
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