· iShares Investment Grade Corporate Bond BuyWrite Strategy ETF | LQDW | Cboe BZX

The Markets in Review

Dear Shareholder,

Investors faced an uncertain economic landscape during the 12-month reporting period ended April 30, 2023, amid mixed indicators and rapidly changing market conditions. The U.S. economy returned to modest growth beginning in the third quarter of 2022, although the pace of growth slowed thereafter. Inflation was elevated, reaching a 40-year high as labor costs grew rapidly and unemployment rates reached the lowest levels in decades. However, inflation moderated as the period continued, while continued strength in consumer spending backstopped the economy.

Equity returns varied substantially, as large-capitalization U.S. stocks gained for the period amid a rebound in big tech stocks, whereas small-capitalization U.S. stocks declined. International equities from developed markets advanced strongly, while emerging market stocks declined, pressured by higher interest rates and volatile commodities prices.

The 10-year U.S. Treasury yield rose during the reporting period, driving its price down, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. The corporate bond market also faced inflationary headwinds, although high-yield corporate bonds posted a positive return as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates eight times. Furthermore, the Fed wound down its bond-buying programs and incrementally reduced its balance sheet by not replacing securities that reach maturity. In addition, the Fed added liquidity to markets amid the failure of prominent regional banks.

Restricted labor supply kept inflation elevated even as other inflation drivers, such as goods prices and energy costs, moderated. While economic growth was modest in the last year, we believe that stickiness in services inflation and continued wage growth will keep inflation above central bank targets for some time. Although the Fed has decelerated the pace of interest rate hikes and indicated a pause could be its next step, we believe that the Fed still seems determined to get inflation back to target. With this in mind, we believe the possibility of a U.S. recession in the near term is high, but the dimming economic outlook has not yet been fully reflected in current market prices. We believe investors should expect a period of higher volatility as markets adjust to the new economic reality and policymakers attempt to adapt to rapidly changing conditions. Turmoil in the banking sector late in the period highlighted the potential for the rapid increase in interest rates to disrupt markets with little warning.

While we favor an overweight to equities in the long term, we prefer an underweight stance on equities overall in the near term. Expectations for corporate earnings remain elevated, which seems inconsistent with the possibility of a recession. Nevertheless, we are overweight on emerging market stocks as we believe a weakening U.S. dollar could provide a supportive backdrop. We also see selective, long-term opportunities in credit, where we believe that valuations are appealing, and higher yields offer attractive income. However, we are neutral on credit in the near term, as we’re concerned about tightening credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most significant opportunities in short-term U.S. Treasuries, global inflation-linked bonds, and emerging market bonds denominated in local currency.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

LOGO

Rob Kapito

President, BlackRock, Inc.

LOGO

Rob Kapito

President, BlackRock, Inc.


Total Returns as of April 30, 2023

	6-Month	12-Month

U.S. large cap equities (S&P 500^® Index)	8.63%	2.66%

U.S. small cap equities (Russell 2000^® Index)	(3.45)	(3.65)

International equities (MSCI Europe, Australasia, Far East Index)	24.19	8.42

Emerging market equities (MSCI Emerging Markets Index)	16.36	(6.51)

3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)	2.09	2.83

U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)	7.14	(1.68)

U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)	6.91	(0.43)

Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)	7.65	2.87

U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)	6.21	1.21

Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

The iShares 20+YearTreasury Bond BuyWrite Strategy ETF (the “Fund”) seeks to track the investment results of an index that reflects a strategy of holding the iShares 20+ Year Treasury Bond ETF while writing (selling) one-month call options to generate income as represented by the Cboe TLT 2% OTM BuyWrite Index (the “Index”).The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

The inception date of the Fund was August 18, 2022. The first day of secondary market trading was August 22, 2022.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

The iShares High Yield Corporate Bond BuyWrite Strategy ETF (the “Fund”) seeks to track the investment results of an index that reflects a strategy of holding the iShares iBoxx $ High Yield Corporate Bond ETF while writing (selling) one-month call options to generate income as represented by the Cboe HYG BuyWrite Index (the “Index”).The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

The inception date of the Fund was August 18, 2022. The first day of secondary market trading was August 22, 2022.

The iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (the “Fund”) seeks to track the investment results of an index that reflects a strategy of holding the iShares iBoxx $ Investment Grade Corporate Bond ETF while writing (selling) one-month call options to generate income as represented by the Cboe LQD BuyWrite Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

The inception date of the Fund was August 18, 2022. The first day of secondary market trading was August 22, 2022.

CREDIT QUALITY ALLOCATION (of the UNDERLYING FUND)



Credit Rating^(a)	Percent of Total Investment	^(b)

Aaa	2.9	%
Aa	4.5
A	50.4
Baa	39.8
Ba	1.9
Not Rated	0.5

^(a)

Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.

^(b)

Excludes money market funds.

Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.

Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.

Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.

The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During the Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in the Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.


Security	Shares		Value


Investment Companies

Exchange-Traded Funds — 101.4%
iShares 20+ Year Treasury Bond ETF^(a)(b)		1,337,612	$	142,402,173


Total Investment Companies (Cost: $141,003,713)				142,402,173


Short-Term Securities

Money Market Funds — 0.4%
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(a)(c)		590,000		590,000


Total Short-Term Securities — 0.4% (Cost: $590,000)				590,000


Total Investments Before Options Written — 101.8% (Cost: $ 141,593,713)				142,992,173


Options Written — (1.8)%
(Premiums Received: $ (1,902,051))				(2,542,669	)


Total Investments, Net of Options Written — 100.0% (Cost: $139,691,662)				140,449,504

Liabilities in Excess of Other Assets — 0.0%				(745	)


Net Assets — 100.0%			$	140,448,759

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Balances Reported in the Statements of Assets and Liabilities for Options Written

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the period ended April 30, 2023, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.


Security	Shares		Value


Investment Companies

Exchange-Traded Funds — 100.6%
iShares iBoxx $ High Yield Corporate Bond ETF^(a)(b)		325,555	$	24,533,825


Total Investment Companies (Cost: $24,306,434)				24,533,825


Short-Term Securities

Money Market Funds — 0.3%
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(a)(c)		80,000		80,000


Total Short-Term Securities — 0.3% (Cost: $80,000)				80,000


Total Investments Before Options Written — 100.9% (Cost: $ 24,386,434)				24,613,825


Options Written — (0.9)%
(Premiums Received: $ (169,602))				(222,187	)


Total Investments, Net of Options Written — 100.0% (Cost: $24,216,832)				24,391,638

Other Assets Less Liabilities — 0.0%				5,150


Net Assets — 100.0%			$	24,396,788

Balances Reported in the Statements of Assets and Liabilities for Options Written

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the period ended April 30, 2023, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.


Security	Shares		Value


Investment Companies

Exchange-Traded Funds — 101.2%
iShares iBoxx $ Investment Grade Corporate Bond ETF^(a)(b)		727,724	$	79,998,699


Total Investment Companies (Cost: $78,590,523)				79,998,699


Short-Term Securities

Money Market Funds — 0.2%
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(a)(c)		140,000		140,000


Total Short-Term Securities — 0.2% (Cost: $140,000)				140,000


Total Investments Before Options Written — 101.4% (Cost: $ 78,730,523)				80,138,699


Options Written — (1.4)%
(Premiums Received: $ (761,784))				(1,080,156	)


Total Investments, Net of Options Written — 100.0% (Cost: $77,968,739)				79,058,543

Liabilities in Excess of Other Assets — 0.0%				(8,215	)


Net Assets — 100.0%			$	79,050,328

Balances Reported in the Statements of Assets and Liabilities for Options Written

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the period ended April 30, 2023, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

The following tables present the Fund’s derivative assets and liabilities by counterparty net of amounts available for offset under an MNA and net of the related collateral received and pledged by the Fund:

iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):

Currently each Fund seeks to achieve its investment objective by investing a substantial portion of its assets in an iShares fund (an “underlying fund”). The financial statements, including the accounting policies, and schedules of investments for the underlying funds are available on iShares.com and should be read in conjunction with the Funds’ financial statements.

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis. Dividend income and capital gain distributions from the underlying funds, if any, are recorded on the ex-dividend date. Interest income is recognized daily on an accrual basis.

In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.

Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income, net realized capital gains and/or return of capital for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

The portion of distributions that exceeds each Fund’s current and accumulated earning and profits will constitute a non-taxable return of capital. Distributions in excess of each Fund’s minimum distribution requirements, but not in excess of the Fund’s earnings and profits, will be taxable to the Fund’s shareholders and will not constitute non-taxable returns of capital. Return of capital distributions will reduce a shareholder’s cost basis and will result in higher capital gains or lower capital losses when each Fund’s shares on which distributions were received are sold. Once a shareholder’s cost basis is reduced to zero, further distributions will be treated as capital gains.

Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the “Board”) of each Fund has approved the designation of BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA’s policies. If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA’s policies and procedures as reflecting fair value. BFA has formed a committee (the “Valuation Committee”) to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee, in accordance with BFA’s policies and procedures as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement.

Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.

Fair Value Hierarchy: Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

Options: The Funds will write European-style call options on its respective underlying fund to generate gains from options premiums.

A European-style call option gives the purchaser (holder) of the option the right (but not the obligation) to buy, and obligates the seller (writer) to sell (when the option is exercised) the underlying instrument at the exercise or strike price on the expiration date. Funds do do not expect to physically settle outstanding option positions as they will generate purchase offsetting call options as necessary to close out the open call positions.

Premiums received on options written, as well as the daily fluctuation in market value, are included in options written at value in the Statements of Assets and Liabilities. When a written option expires without being exercised, a realized gain or loss is recorded in the Statements of Operations to the extent of the premiums received. When a written option is closed or sold, a gain or loss is recorded in the Statements of Operations to the extent the cost of the closing transaction exceeds or does not exceed the premiums received. Written call options will typically be “covered,” meaning that they hold the underlying instrument subject to be called by the option counterparty. The Funds will seek to write call options up to (but not exceeding) the full amounts of shares of the underlying funds held in the Funds (i.e., the short positions in the call options are offset or “covered,” by the long positions the Funds hold in shares of the underlying funds).

In purchasing and writing options, the Funds bear the risk of an unfavorable change in the value of the underlying instrument or the risk that they may not be able to enter into a closing transaction due to an illiquid market.

Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BlackRock Fund Advisors (“BFA”) manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock, Inc. (“BlackRock”). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFAis entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 29, 2028 so that the Fund’s total annual operating expenses after fee waiver is equal to the acquired fund fees and expenses attributable to the Fund’s investment in the iShares 20+ Year Treasury Bond ETF (“TLT”), after taking into account any fee waivers by TLT, plus 0.20%.

For the iShares High Yield Corporate Bond BuyWrite Strategy ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 29, 2028 so that the Fund’s total annual operating expenses after fee waiver is equal to the acquired fund fees and expenses attributable to the Fund’s investment in the iShares iBoxx $ High Yield Corporate Bond ETF (“HYG”), after taking into account any fee waivers by HYG, plus 0.20%.

For the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 29, 2028 so that the Fund’s total annual operating expenses after fee waiver is equal to the acquired fund fees and expenses attributable to the Fund’s investment in the iShares iBoxx $ Investment Grade Corporate Bond ETF (“LQD”), after taking into account any fee waivers by LQD, plus 0.20%.

These amounts are included in investment advisory fees waived in the Statements of Operations. For the six months ended April 30, 2023, the amounts waived in investment advisory fees pursuant to these arrangements were as follows:

Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.

Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.

For the six months ended April 30, 2023, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

Each Fund is treated as an entity separate from the Trust’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of April 30, 2023, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

As of April 30, 2023, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.

BFA uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. BFA does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by BFA.

Infectious Illness Risk: An outbreak of an infectious illness, such as the COVID-19 pandemic, may adversely impact the economies of many nations and the global economy, and may impact individual issuers and capital markets in ways that cannot be foreseen. An infectious illness outbreak may result in, among other things, closed international borders, prolonged quarantines, supply chain disruptions, market volatility or disruptions and other significant economic, social and political impacts.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.

Covered Call Option Risk: By writing covered call options in return for the receipt of premiums, the Funds will give up the opportunity to benefit from potential increases in the value of the underlying funds above the exercise prices of the written options but will continue to bear the risk of declines in the value of the underlying funds. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying funds. In addition, the Funds’ ability to sell shares of the underlying funds will be limited while the options are in effect unless the Funds extinguish the option positions through the purchase of offsetting identical options prior to the expiration of the written options.

The covered call strategy may be subject to imperfect matching or price correlation between the written options and the underlying funds, which could reduce the Funds’ returns. Exchanges may suspend the trading of options. As a result, the Funds may be unable to write or purchase options at times that may be advantageous to the Funds. If the Funds are unable to extinguish the option positions before exercise, the Funds may be required to deliver the corresponding shares of the underlying funds, resulting

in increased transaction costs, tracking error, underinvestment, and potentially the realization of capital gains. Further, the Funds use options which are struck once per month, and the timing of changes in the price of the underlying funds may affect the Funds’ performance.

The Funds will be affected by movements in interest rates and the resulting share price of the underlying funds. In a falling interest rate environment, the underlying funds are generally expected to appreciate in price and the Funds may underperform the underlying funds as price appreciation for the Funds is limited to the exercise prices of the options written by the Funds.

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.

Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.

Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

LIBOR Transition Risk: The Funds may be exposed to financial instruments that are tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, announced that a majority of USD LIBOR settings will no longer be published after June 30, 2023. All other LIBOR settings and certain other interbank offered rates ceased to be published after December 31, 2021. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. The Federal Reserve Board adopted regulations that provide a fallback mechanism by identifying benchmark rates based on SOFR that will replace LIBOR in certain financial contracts after June 30, 2023. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Investors purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Trust’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Investors transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF and iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 9, 2022 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”).At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2021 through September 30, 2022 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays, the imposition of capital controls in certain non-U.S. countries, Russian sanctions and the closure of the Russian securities market.

The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

The amounts and sources of distributions reported are estimates and are being provided pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund’s investment experience during the year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV each calendar year that will inform them how to report these distributions for federal income tax purposes.

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.

A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.

A description of the Trust’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.


Security	Par (000)		Value


U.S. Government Obligations

U.S. Government Obligations — 98.0%
U.S. Treasury Note/Bond
1.25%, 05/15/50	$	480,317	$	279,991,040
1.38%, 08/15/50		1,135,776		683,284,613
1.63%, 11/15/50		3,839,325		2,467,515,914
1.88%, 02/15/51		5,740,507		3,928,435,254
1.88%, 11/15/51		2,958,433		2,015,663,867
2.00%, 02/15/50		2,312,955		1,641,294,280
2.00%, 08/15/51		3,931,875		2,767,517,948
2.25%, 08/15/49		1,611,792		1,213,565,825
2.25%, 02/15/52		535,719		399,759,379
2.38%, 11/15/49		428		331,048
2.50%, 02/15/45		120,075		96,252,307
2.50%, 02/15/46		1,903,991		1,517,168,857
2.50%, 05/15/46		1,836,855		1,462,523,728
2.75%, 11/15/42		19,170		16,344,757
2.75%, 08/15/47		1,956		1,628,689
2.75%, 11/15/47		740,741		617,101,079
2.88%, 05/15/43		1,795,646		1,558,354,616
2.88%, 08/15/45		913,637		781,016,708
2.88%, 11/15/46		681,806		582,385,179
2.88%, 05/15/49		123		105,048
2.88%, 05/15/52		242,921		207,868,258
3.00%, 11/15/44		124,076		108,799,581
3.00%, 02/15/47		613,545		535,126,367
3.00%, 02/15/48		1,974,023		1,723,105,898
3.00%, 08/15/48		2,388,283		2,087,975,065
3.00%, 02/15/49		2,694,731		2,361,784,434
3.00%, 08/15/52		414,335		363,967,402


Security	Par/ Shares (000)		Value


U.S. Government Obligations (continued)
3.13%, 02/15/43	$	314,255	$	283,983,587
3.13%, 08/15/44		1,812,495		1,624,590,146
3.13%, 05/15/48		1,206,135		1,077,606,150
3.63%, 08/15/43		784,441		765,074,723
3.63%, 02/15/53		750,855		744,519,661
3.75%, 11/15/43		262,451		260,533,480
4.00%, 11/15/42		52,037		53,598,110
4.00%, 11/15/52		1,185,652		1,258,828,959


				35,487,601,957


Total Long-Term Investments — 98.0% (Cost: $41,341,681,719)				35,487,601,957


Short-Term Securities

Money Market Funds — 0.9%
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(a)(b)		310,890		310,890,000


Total Short-Term Securities — 0.9% (Cost: $310,890,000)				310,890,000


Total Investments — 98.9% (Cost: $41,652,571,719)				35,798,491,957

Other Assets Less Liabilities — 1.1%				405,338,839


Net Assets — 100.0%			$	36,203,830,796

^(a)	Affiliate of the Fund.

^(b)	Annualized 7-day yield as of period end.

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.


Security	Par (000)		Value

Corporate Bonds & Notes

Advertising — 0.9%
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 08/15/23)^(a)(b)	$	20,439	$	18,446,410
7.50%, 06/01/29 (Call 06/01/24)^(a)(b)		17,175		12,709,500
7.75%, 04/15/28 (Call 04/15/24)^(a)(b)		15,975		12,084,608
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)^(b)		9,023		7,754,321
3.75%, 02/15/28 (Call 02/15/24)^(b)		10,113		9,355,171
4.00%, 02/15/30 (Call 02/15/25)^(b)		9,623		8,631,663
4.88%, 01/15/29 (Call 01/15/24)^(b)		6,603		6,274,282
Outfront Media Capital LLC/Outfront Media
Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)^(a)(b)		8,578		7,337,258
4.63%, 03/15/30 (Call 03/15/25)^(a)(b)		7,935		6,747,868
5.00%, 08/15/27 (Call 08/15/23)^(a)(b)		10,884		10,075,387
6.25%, 06/15/25 (Call 06/15/23)^(a)(b)		6,297		6,315,576
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)^(a)(b)		18,455		15,946,043
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/23)^(a)(b)		17,353		13,453,781


				135,131,868

Aerospace & Defense — 2.7%
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)^(a)(b)		12,398		11,745,832
7.13%, 06/15/26 (Call 06/15/23)^(a)		19,693		19,597,400
7.50%, 03/15/25 (Call 05/29/23)^(a)(b)		1,763		1,763,000
7.50%, 02/01/29 (Call 02/01/26)^(a)(b)		12,530		12,310,725
7.88%, 04/15/27 (Call 04/15/24)^(a)(b)		31,666		31,593,168
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)^(b)		11,385		10,243,768
5.13%, 10/01/24 (Call 07/01/24)		10,826		10,833,903
6.88%, 05/01/25 (Call 04/01/25)^(b)		8,222		8,463,916
Rolls-Royce PLC
3.63%, 10/14/25 (Call 07/14/25)^(a)		16,845		15,941,372
5.75%, 10/15/27 (Call 07/15/27)^(a)(b)		16,896		16,778,362
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)^(b)		11,419		9,648,104
7.50%, 04/15/25 (Call 04/15/24)^(a)(b)		20,631		20,501,747
9.38%, 11/30/29 (Call 11/30/25)^(a)		15,554		16,720,550
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)^(b)		19,816		17,933,480
4.88%, 05/01/29 (Call 05/01/24)^(b)		12,563		11,400,922
5.50%, 11/15/27 (Call 11/15/23)^(b)		43,483		41,743,680
6.25%, 03/15/26 (Call 03/15/24)^(a)		65,161		65,480,289
6.38%, 06/15/26 (Call 06/15/23)		15,946		15,916,021
6.75%, 08/15/28 (Call 02/15/25)^(a)(b)		34,495		35,012,425
7.50%, 03/15/27 (Call 03/15/24)^(b)		9,007		9,052,035
TransDigm UK Holdings PLC, 6.88%, 05/15/26 (Call 05/15/23)		8,741		8,798,909
Triumph Group Inc.
7.75%, 08/15/25 (Call 08/15/23)^(b)		8,427		7,830,091
9.00%, 03/15/28 (Call 03/15/25)^(a)(b)		19,816		20,025,851


				419,335,550

Agriculture — 0.3%
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 04/15/24)^(a)		8,445		8,277,223
6.00%, 06/15/30 (Call 06/15/25)^(a)(b)		16,860		16,691,400


Security	Par (000)		Value

Agriculture (continued)
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)^(a)	$	14,269	$	12,770,755
10.50%, 11/01/26 (Call 11/01/23)^(a)(b)		9,401		9,464,249


				47,203,627

Airlines — 2.2%
Air Canada, 3.88%, 08/15/26 (Call 02/15/26)^(a)		20,039		18,561,124
American Airlines Group Inc., 3.75%, 03/01/25^(a)(b)		8,030		7,549,204
American Airlines Inc.
7.25%, 02/15/28 (Call 02/15/25)^(a)(b)		12,452		12,109,570
11.75%, 07/15/25^(a)		41,784		45,949,865
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26^(a)		57,298		56,294,955
5.75%, 04/20/29^(a)		48,866		46,483,372
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)^(b)		15,008		14,513,486
3.75%, 10/28/29 (Call 07/28/29)^(b)		10,003		8,988,967
4.38%, 04/19/28 (Call 01/19/28)^(b)		8,733		8,230,852
7.38%, 01/15/26 (Call 12/15/25)^(b)		13,852		14,600,493
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/24)^(a)(b)		19,345		18,024,863
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25 (Call 09/20/23)^(a)		18,286		18,468,959
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)^(a)(b)		33,839		32,313,562
4.63%, 04/15/29 (Call 10/15/25)^(a)		33,126		29,979,030


				332,068,302

Apparel — 0.2%
Hanesbrands Inc.
4.88%, 05/15/26 (Call 02/15/26)^(a)(b)		15,088		14,239,300
9.00%, 02/15/31 (Call 02/15/26)^(a)(b)		9,657		9,872,521


				24,111,821

Auto Manufacturers — 4.3%
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)^(a)(b)		15,996		13,710,572
4.75%, 10/01/27 (Call 10/01/23)^(a)(b)		7,256		6,942,636
5.88%, 06/01/29 (Call 06/01/24)^(a)(b)		8,162		8,002,229
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)^(a)		19,854		19,506,555
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)		34,966		27,142,357
4.35%, 12/08/26 (Call 09/08/26)^(b)		19,283		18,626,776
6.10%, 08/19/32 (Call 05/19/32)^(b)		25,349		24,209,965
9.63%, 04/22/30 (Call 01/22/30)^(b)		6,213		7,209,915
Ford Motor Credit Co. LLC
2.30%, 02/10/25 (Call 01/10/25)		15,803		14,738,668
2.70%, 08/10/26 (Call 07/10/26)		20,522		18,213,275
2.90%, 02/16/28 (Call 12/16/27)^(b)		10,348		8,938,085
2.90%, 02/10/29 (Call 12/10/28)		10,716		8,877,242
3.38%, 11/13/25 (Call 10/13/25)		29,979		27,845,994
3.63%, 06/17/31 (Call 03/17/31)		14,592		12,025,425
3.66%, 09/08/24		8,200		7,912,720
3.81%, 01/09/24 (Call 11/09/23)^(b)		635		624,531
3.82%, 11/02/27 (Call 08/02/27)		10,440		9,377,861
4.00%, 11/13/30 (Call 08/13/30)^(b)		22,307		19,128,253
4.06%, 11/01/24 (Call 10/01/24)		18,253		17,758,161
4.13%, 08/04/25		20,370		19,348,190
4.13%, 08/17/27 (Call 06/17/27)		16,761		15,381,737
4.27%, 01/09/27 (Call 11/09/26)		12,880		11,943,874


Security	Par (000)		Value

Auto Manufacturers (continued)
4.39%, 01/08/26	$	16,435	$	15,574,217
4.54%, 08/01/26 (Call 06/01/26)		9,211		8,686,081
4.69%, 06/09/25 (Call 04/09/25)		7,040		6,804,394
4.95%, 05/28/27 (Call 04/28/27)^(b)		19,482		18,484,490
5.11%, 05/03/29 (Call 02/03/29)^(b)		20,618		19,338,653
5.13%, 06/16/25 (Call 05/16/25)		23,542		22,941,022
5.58%, 03/18/24 (Call 02/18/24)		8,445		8,389,731
6.80%, 05/12/28 (Call 04/12/28)		21,338		21,350,803
6.95%, 03/06/26 (Call 02/06/26)^(b)		18,441		18,608,632
7.35%, 11/04/27 (Call 10/04/27)^(b)		20,884		21,534,075
7.35%, 03/06/30 (Call 01/06/30)		16,677		17,094,592
Jaguar Land Rover Automotive PLC
4.50%, 10/01/27 (Call 07/01/27)^(a)(b)		7,878		6,620,150
5.50%, 07/15/29 (Call 07/15/24)^(a)		8,901		7,365,578
5.88%, 01/15/28 (Call 01/15/24)^(a)		10,655		9,175,553
7.75%, 10/15/25 (Call 10/15/23)^(a)		12,763		12,699,345
Nissan Motor Acceptance Co. LLC, 1.85%, 09/16/26 (Call 08/16/26)^(a)		15,850		13,526,661
Nissan Motor Acceptance Corp.
2.00%, 03/09/26 (Call 02/09/26)^(a)		12,619		11,113,444
2.75%, 03/09/28 (Call 01/09/28)^(a)		9,823		8,179,722
Nissan Motor Co. Ltd.
3.52%, 09/17/25 (Call 08/17/25)^(a)		18,566		17,370,719
4.35%, 09/17/27 (Call 07/17/27)^(a)(b)		40,769		37,346,500
4.81%, 09/17/30 (Call 06/17/30)^(a)(b)		40,909		35,965,286


				655,634,669

Auto Parts & Equipment — 1.6%
Adient Global Holdings, 8.25%, 04/15/31 (Call 04/15/26)^(b)		7,978		8,196,149
Adient Global Holdings Ltd.
4.88%, 08/15/26 (Call 08/15/23)^(a)(b)		12,919		12,418,389
7.00%, 04/15/28 (Call 04/15/25)^(b)		8,537		8,760,266
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)^(b)		10,106		8,388,991
6.50%, 04/01/27 (Call 04/01/24)^(b)		7,810		7,237,527
6.88%, 07/01/28 (Call 07/01/23)^(b)		6,946		6,259,388
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/23)^(a)(b)		5,828		5,841,492
Clarios Global LP/Clarios U.S. Finance Co.
6.25%, 05/15/26 (Call 05/15/23)^(a)(b)		14,616		14,532,744
6.75%, 05/15/28 (Call 05/15/25)		2,000		2,004,375
8.50%, 05/15/27 (Call 05/15/23)^(a)(b)		32,599		32,797,528
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 05/29/23)^(a)		6,080		6,020,530
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)		6,693		5,445,231
5.38%, 11/15/27 (Call 11/15/23)^(b)		7,805		7,338,690
5.63%, 06/15/28 (Call 06/15/23)^(b)		6,390		5,913,926
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)^(b)		12,806		12,124,080
5.00%, 05/31/26 (Call 05/31/23)^(b)		14,506		14,099,687
5.00%, 07/15/29 (Call 04/15/29)^(b)		13,696		12,166,499
5.25%, 04/30/31 (Call 01/30/31)^(b)		9,095		7,917,044
5.25%, 07/15/31 (Call 04/15/31)^(b)		9,921		8,556,863
5.63%, 04/30/33 (Call 01/30/33)^(b)		7,547		6,522,281
9.50%, 05/31/25 (Call 05/31/23)		13,522		13,889,368
ZF North America Capital Inc.
4.75%, 04/29/25^(a)		18,499		18,105,704
6.88%, 04/14/28 (Call 03/14/28)^(a)		6,366		6,545,521


Security	Par (000)		Value

Auto Parts & Equipment (continued)
7.13%, 04/14/30 (Call 02/14/30)^(a)(b)	$	10,720	$	11,068,400


				242,150,673

Banks — 0.9%
Freedom Mortgage Corp.
6.63%, 01/15/27 (Call 01/15/24)^(a)(b)		10,755		8,711,550
7.63%, 05/01/26 (Call 05/01/23)^(a)		10,808		9,240,840
8.13%, 11/15/24 (Call 05/30/23)^(a)		7,251		7,005,581
8.25%, 04/15/25 (Call 05/30/23)^(a)(b)		9,140		8,500,200
Intesa Sanpaolo SpA
4.20%, 06/01/32 (Call 06/01/31), (1-year CMT + 2.600%)^(a)(c)		12,408		9,424,463
5.02%, 06/26/24^(a)		26,708		26,051,125
5.71%, 01/15/26^(a)(b)		24,845		23,933,251
UniCredit SpA
5.46%, 06/30/35 (Call 06/30/30), (5-year CMT + 4.750%)^(a)(b)(c)		21,456		18,274,605
5.86%, 06/19/32 (Call 06/19/27), (5-year USD ICE Swap + 3.703%)^(a)(b)(c)		16,005		14,734,344
7.30%, 04/02/34 (Call 04/02/29), (5-year USD ICE Swap + 4.914%)^(a)(b)(c)		19,359		18,489,322


				144,365,281

Building Materials — 1.1%
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)^(a)(b)		21,387		18,707,209
5.00%, 03/01/30 (Call 03/01/25)^(a)		8,992		8,415,089
6.38%, 06/15/32 (Call 06/15/27)^(a)(b)		11,157		11,114,046
Camelot Return Merger Sub Inc., 8.75%, 08/01/28 (Call 07/22/24)^(a)(b)		11,403		10,804,343
Cornerstone Building Brands Inc., 6.13%, 01/15/29 (Call 09/15/23)^(a)(b)		512		389,120
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/24)^(b)		16,578		15,219,885
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 05/30/23)^(a)		6,244		6,028,868
4.88%, 12/15/27 (Call 12/15/23)^(a)(b)		6,314		5,519,423
SRM Escrow Issuer LLC, 6.00%, 11/01/28 (Call 11/01/23)^(a)(b)		17,795		16,641,662
Standard Industries Inc./NJ
3.38%, 01/15/31 (Call 07/15/25)^(a)(b)		17,693		14,019,031
4.38%, 07/15/30 (Call 07/15/25)^(a)(b)		26,553		22,901,962
4.75%, 01/15/28 (Call 01/15/24)^(a)(b)		16,390		15,298,601
5.00%, 02/15/27 (Call 02/15/24)^(a)		13,659		13,078,492
Summit Materials LLC/Summit Materials Finance Corp.,
5.25%, 01/15/29 (Call 07/15/23)^(a)(b)		11,587		11,009,967


				169,147,698

Chemicals — 1.8%
ASP Unifrax Holdings Inc.
5.25%, 09/30/28 (Call 09/30/24)^(a)(b)		12,777		10,477,140
7.50%, 09/30/29 (Call 09/30/24)^(a)(b)		6,983		5,146,471
Avient Corp.
5.75%, 05/15/25 (Call 05/15/23)^(a)(b)		10,645		10,639,677
7.13%, 08/01/30 (Call 08/01/25)^(a)(b)		12,039		12,327,686
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)^(a)(b)		10,719		9,302,350
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27 (Call 06/15/23)^(a)(b)		8,306		8,016,038
Chemours Co. (The)
4.63%, 11/15/29 (Call 11/15/24)^(a)(b)		10,389		8,537,265
5.38%, 05/15/27 (Call 02/15/27)^(b)		8,484		7,891,048


Security	Par (000)		Value

Chemicals (continued)
5.75%, 11/15/28 (Call 11/15/23)^(a)(b)	$	12,934	$	11,430,422
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)^(b)		11,776		11,246,080
5.25%, 12/15/29 (Call 09/15/29)		12,161		11,416,139
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)^(a)(b)		9,452		7,675,792
4.88%, 06/01/24 (Call 03/03/24)^(a)		17,243		17,005,995
5.00%, 05/01/25 (Call 01/31/25)^(a)		7,570		7,320,871
5.25%, 06/01/27 (Call 03/03/27)^(a)(b)		17,313		15,704,333
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)^(b)		8,614		8,032,555
5.13%, 09/15/27 (Call 03/15/24)		8,471		8,190,974
5.63%, 08/01/29 (Call 08/01/24)^(b)		10,602		10,336,950
Olympus Water U.S. Holding Corp.
4.25%, 10/01/28 (Call 10/01/24)^(a)(b)		13,387		11,395,684
6.25%, 10/01/29 (Call 10/01/24)^(a)(b)		6,435		5,131,913
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)^(a)(b)		18,070		16,262,218
6.63%, 05/01/29 (Call 05/01/24)^(a)(b)		11,429		9,486,070
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)^(a)(b)		16,789		13,934,870
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)^(a)(b)		9,198		7,645,883
4.25%, 02/15/30 (Call 02/15/25)^(a)(b)		5,137		5,038,220
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 06/15/23)^(a)(b)		12,195		11,580,524
5.63%, 08/15/29 (Call 08/15/24)^(a)(b)		18,598		16,005,625


				277,178,793

Commercial Services — 4.4%
ADT Security Corp. (The), 4.13%, 08/01/29 (Call 08/01/28)^(a)(b)		16,611		14,566,186
Albion Financing 1 SARL/Aggreko Holdings Inc.,
6.13%, 10/15/26 (Call 10/15/23)^(a)		9,019		8,214,325
Albion Financing 2Sarl, 8.75%, 04/15/27 (Call 10/15/23)^(a)(b)		7,118		6,145,800
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)^(a)(b)		15,879		12,392,969
6.63%, 07/15/26 (Call 07/15/23)^(a)		32,564		31,342,850
9.75%, 07/15/27 (Call 07/15/23)^(a)(b)		17,344		16,129,920
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl
4.63%, 06/01/28 (Call 06/01/24)^(a)		20,076		17,441,025
4.63%, 06/01/28 (Call 06/01/24)^(a)(b)		12,688		11,022,700
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)^(a)(b)		12,574		11,222,295
6.75%, 02/15/27 (Call 02/15/24)^(a)(b)		9,779		9,789,736
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)^(a)(b)		8,420		7,556,950
5.38%, 03/01/29 (Call 03/01/24)^(a)(b)		9,757		8,859,193
5.75%, 07/15/27 (Call 07/15/23)^(a)(b)		6,691		6,375,570
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)^(b)		15,991		14,425,109
3.50%, 06/01/31 (Call 03/01/31)^(b)		16,047		13,078,305
Brink’s Co. (The)
4.63%, 10/15/27 (Call 10/15/23)^(a)(b)		9,597		9,087,159
5.50%, 07/15/25 (Call 06/18/23)^(a)(b)		7,212		7,161,742
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/24)^(a)(b)		9,380		8,605,751
6.00%, 06/01/29 (Call 06/01/24)^(a)		7,902		6,499,395
7.75%, 02/15/28 (Call 02/15/25)^(a)(b)		6,532		6,564,660


Security	Par (000)		Value

Commercial Services (continued)
9.50%, 11/01/27 (Call 11/01/23)^(a)(b)	$	9,974	$	9,564,846
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)^(a)		9,744		8,644,877
3.75%, 10/01/30 (Call 10/01/25)^(a)		12,979		11,307,954
4.50%, 07/01/28 (Call 07/01/23)^(a)		14,289		13,475,956
Grand Canyon University
4.13%, 10/01/24		8,324		7,929,066
5.13%, 10/01/28 (Call 08/01/28)^(b)		6,512		5,907,361
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/23)^(a)(b)		20,270		19,321,388
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/23)^(a)(b)		8,500		7,672,100
5.00%, 12/01/29 (Call 12/01/24)^(a)(b)		16,414		13,448,606
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)^(a)(b)		17,758		13,584,870
5.75%, 11/01/28 (Call 11/01/23)^(a)(b)		21,490		13,538,700
Neptune Bidco U.S. Inc., 9.29%, 04/15/29 (Call 10/15/25)^(a)		42,731		40,220,554
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/23)^(a)(b)		8,679		8,665,077
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)^(a)(b)		17,104		15,305,742
5.25%, 04/15/24^(a)(b)		8,537		8,489,200
5.75%, 04/15/26^(a)(b)		21,681		21,502,132
6.25%, 01/15/28 (Call 01/15/24)^(a)(b)		21,804		20,383,334
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 05/30/23)^(a)(b)		14,291		12,701,126
9.25%, 04/15/25 (Call 03/16/25)^(a)		13,147		12,128,108
11.25%, 12/15/27 (Call 06/15/25)^(a)(b)		9,258		8,112,323
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)^(b)		14,138		12,040,055
4.00%, 05/15/31 (Call 05/15/26)^(b)		12,866		11,354,502
4.63%, 12/15/27 (Call 12/15/23)^(b)		9,180		8,880,824
5.13%, 06/01/29 (Call 06/01/24)^(b)		12,265		11,838,353
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/23)^(a)(b)		12,765		11,959,209
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)^(b)		12,225		10,489,295
3.88%, 11/15/27 (Call 05/09/23)^(b)		12,176		11,430,220
3.88%, 02/15/31 (Call 08/15/25)^(b)		17,885		15,714,655
4.00%, 07/15/30 (Call 07/15/25)^(b)		12,383		11,059,567
4.88%, 01/15/28 (Call 01/15/24)		27,378		26,365,408
5.25%, 01/15/30 (Call 01/15/25)^(b)		12,723		12,306,958
5.50%, 05/15/27 (Call 05/15/23)^(b)		7,422		7,368,356
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/23)^(a)(b)		17,255		17,370,241
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)^(a)		7,795		7,227,134


				673,789,737

Computers — 1.4%
Condor Merger Sub Inc., 7.38%, 02/15/30 (Call 02/15/25)^(a)(b)		33,006		27,436,237
Diebold Nixdorf Inc.
8.50%, 10/15/26 (Call 05/22/23)^(a)		381		69,642
9.38%, 07/15/25 (Call 05/15/23)^(a)(b)		7,929		3,637,904
NCR Corp.
5.00%, 10/01/28 (Call 08/20/23)^(a)(b)		10,943		9,564,410
5.13%, 04/15/29 (Call 04/15/24)^(a)(b)		20,255		17,520,069
5.25%, 10/01/30 (Call 10/01/25)^(a)(b)		7,493		6,298,413
5.75%, 09/01/27 (Call 09/01/23)^(a)(b)		8,505		8,324,816


Security	Par (000)		Value

Computers (continued)
6.13%, 09/01/29 (Call 09/01/24)^(a)(b)	$	8,255	$	8,095,150
Presidio Holdings Inc.
4.88%, 02/01/27 (Call 02/01/24)^(a)(b)		9,227		8,742,852
8.25%, 02/01/28 (Call 02/01/24)^(a)(b)		8,726		8,224,255
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)^(b)		8,123		7,036,549
4.75%, 01/01/25^(b)		8,339		8,088,830
4.88%, 03/01/24 (Call 01/01/24)		3,414		3,366,569
4.88%, 06/01/27 (Call 03/01/27)^(b)		8,359		8,004,787
9.63%, 12/01/32 (Call 12/01/27)^(a)(b)		12,759		13,954,697
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/23)^(a)(b)		21,518		22,736,107
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		8,910		7,062,233
3.10%, 02/01/32 (Call 11/01/31)^(b)		8,795		6,391,452
4.75%, 02/15/26 (Call 11/15/25)		38,242		36,371,148


				210,926,120

Cosmetics & Personal Care — 0.3%
Coty Inc.
5.00%, 04/15/26 (Call 04/15/24)^(a)(b)		14,706		14,368,497
6.50%, 04/15/26 (Call 04/15/24)^(a)(b)		7,472		7,439,310
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC, 4.75%, 01/15/29 (Call 01/15/25)^(a)		8,750		8,256,588
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)^(a)(b)		8,153		7,266,361
5.50%, 06/01/28 (Call 06/01/23)^(a)		13,017		12,502,346


				49,833,102

Distribution & Wholesale — 0.4%
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)^(a)(b)		6,386		5,499,517
4.00%, 01/15/28 (Call 01/15/24)^(a)		11,536		10,636,192
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 12/15/23)^(a)(b)		20,964		18,133,860
Ritchie Bros Holdings Inc.
6.75%, 03/15/28 (Call 03/15/25)^(a)(b)		6,470		6,696,450
7.75%, 03/15/31 (Call 03/15/26)^(a)(b)		12,239		13,009,547
Wesco Aircraft Holdings Inc.
8.50%, 11/15/24 (Call 11/15/23)^(a)		9,458		475,264
9.00%, 11/15/26 (Call 11/15/23)^(a)(b)		13,501		1,309,597


				55,760,427

Diversified Financial Services — 3.5%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24), (5-year CMT + 4.535%)^(b)(c)		11,464		10,724,696
AG Issuer LLC, 6.25%, 03/01/28 (Call 03/01/24)^(a)(b)		8,321		7,732,955
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27 (Call 09/30/24)^(a)(b)		8,491		8,724,503
Ally Financial Inc.
5.75%, 11/20/25 (Call 10/20/25)^(b)		17,230		16,734,637
6.70%, 02/14/33 (Call 11/16/32)^(b)		8,395		7,559,698
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)^(a)(b)		16,233		9,775,431
3.63%, 10/01/31 (Call 10/01/26)^(a)		16,117		8,997,296
Curo Group Holdings Corp., 7.50%, 08/01/28 (Call 08/01/24)^(a)(b)		11,467		4,528,211
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)^(a)(b)		16,071		13,538,260
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)^(a)(b)		7,868		4,354,938
6.50%, 11/01/25 (Call 11/01/23)^(a)(b)		8,069		5,708,818


Security	Par (000)		Value

Diversified Financial Services (continued)
LPL Holdings Inc.
4.00%, 03/15/29 (Call 03/15/24)^(a)(b)	$	6,838	$	6,122,706
4.38%, 05/15/31 (Call 05/15/26)^(a)(b)		2,878		2,551,146
4.63%, 11/15/27 (Call 11/15/23)^(a)(b)		3,181		3,001,005
Midcap Financial Issuer Trust
5.63%, 01/15/30 (Call 01/15/25)^(a)(b)		6,690		5,473,038
6.50%, 05/01/28 (Call 05/01/24)^(a)		16,209		14,628,623
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)^(a)(b)		10,454		8,601,682
5.50%, 08/15/28 (Call 08/15/23)^(a)(b)		14,431		12,879,668
5.75%, 11/15/31 (Call 11/15/26)^(a)(b)		9,944		8,307,953
6.00%, 01/15/27 (Call 01/15/24)^(a)(b)		9,702		9,174,076
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)		8,118		6,970,597
5.00%, 03/15/27 (Call 09/15/26)^(b)		11,563		10,405,345
5.50%, 03/15/29 (Call 06/15/28)^(b)		12,367		10,664,373
5.88%, 10/25/24		8,695		8,545,863
6.13%, 03/25/24^(b)		5,193		5,148,081
6.75%, 06/25/25		8,393		8,274,374
6.75%, 06/15/26^(b)		8,062		7,881,865
NFP Corp.
4.88%, 08/15/28 (Call 08/15/23)^(a)(b)		9,291		8,458,294
6.88%, 08/15/28 (Call 08/15/23)^(a)(b)		34,176		29,831,376
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)		12,622		10,748,264
3.88%, 09/15/28 (Call 09/15/24)		10,026		8,096,574
4.00%, 09/15/30 (Call 09/15/25)^(b)		13,899		10,546,631
5.38%, 11/15/29 (Call 05/15/29)^(b)		12,177		10,243,901
6.13%, 03/15/24 (Call 09/15/23)^(b)		10,068		9,915,797
6.63%, 01/15/28 (Call 07/15/27)^(b)		12,948		12,035,415
6.88%, 03/15/25^(b)		20,578		20,189,969
7.13%, 03/15/26		26,226		25,597,003
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)^(a)(b)		10,739		8,832,662
5.38%, 10/15/25 (Call 10/15/23)^(a)		11,096		10,474,402
5.75%, 09/15/31 (Call 09/15/26)^(a)(b)		8,248		6,887,905
PRA Group Inc., 8.38%, 02/01/28 (Call 02/01/25)^(a)		7,502		7,509,783
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)^(a)(b)		18,852		16,761,081
3.63%, 03/01/29 (Call 03/09/24)^(a)(b)		12,311		10,391,715
3.88%, 03/01/31 (Call 03/01/26)^(a)(b)		20,759		16,814,790
4.00%, 10/15/33 (Call 10/15/27)^(a)(b)		14,106		11,037,945
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)^(b)		8,110		7,096,250
4.20%, 10/29/25 (Call 09/29/25)		8,112		7,493,460
Synchrony Financial, 7.25%, 02/02/33 (Call 11/02/32)		12,540		11,525,012
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/23)^(a)		13,128		12,504,420
5.50%, 04/15/29 (Call 03/30/24)^(a)		11,293		9,753,708
5.75%, 06/15/27 (Call 06/15/24)^(a)		8,663		7,946,624
VistaJet Malta Finance PLC/XO Management Holding Inc.
6.38%, 02/01/30 (Call 02/01/25)^(a)(b)		16,266		14,070,090
7.88%, 05/01/27 (Call 04/26/24)^(a)(b)		7,852		7,453,511


				539,226,420

Electric — 2.5%
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)^(a)(b)		14,485		12,311,626
4.50%, 02/15/28 (Call 02/15/24)^(a)(b)		20,373		18,998,246
4.63%, 02/01/29 (Call 02/01/24)^(a)(b)		10,479		9,081,616


Security	Par (000)		Value

Electric (continued)
5.00%, 02/01/31 (Call 02/01/26)^(a)	$	13,858	$	11,675,365
5.13%, 03/15/28 (Call 03/15/24)^(a)(b)		23,610		21,833,853
5.25%, 06/01/26 (Call 06/01/23)^(a)(b)		6,642		6,466,139
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		15,120		12,941,687
4.75%, 03/15/28 (Call 03/15/24)^(a)(b)		13,893		13,243,502
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)^(b)		6,082		5,841,781
4.35%, 04/15/29 (Call 01/15/29)^(b)		6,859		6,265,697
Edison International, 8.13%, 06/15/53 (Call 03/15/28), (5-year CMT + 3.864%)^(c)		8,238		8,474,842
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26), (3-mo. LIBOR US + 5.440%)^(b)(c)		19,661		18,806,024
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)		9,724		8,385,763
Series B, 2.25%, 09/01/30 (Call 06/01/30)^(b)		7,116		5,918,650
Series B, 4.15%, 07/15/27 (Call 04/15/27)		25,091		24,400,997
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)^(a)(b)		8,262		7,746,241
4.25%, 07/15/24 (Call 04/15/24)^(a)(b)		7,817		7,695,211
4.25%, 09/15/24 (Call 07/15/24)^(a)		243		234,330
4.50%, 09/15/27 (Call 06/15/27)^(a)(b)		9,355		8,815,691
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)^(a)(b)		8,055		6,826,612
3.63%, 02/15/31 (Call 02/15/26)^(a)(b)		16,660		13,506,400
3.88%, 02/15/32 (Call 02/15/27)^(a)		17,506		14,136,095
5.25%, 06/15/29 (Call 06/15/24)^(a)(b)		12,589		11,639,655
5.75%, 01/15/28 (Call 01/15/24)^(b)		13,707		13,376,992
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)^(b)		16,772		15,811,489
5.25%, 07/01/30 (Call 06/15/25)^(b)		16,611		15,345,895
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)^(a)		21,041		18,832,446
5.00%, 07/31/27 (Call 07/31/23)^(a)(b)		21,350		20,334,351
5.50%, 09/01/26 (Call 09/01/23)^(a)(b)		17,307		17,049,558
5.63%, 02/15/27 (Call 02/15/24)^(a)		22,026		21,475,350


				377,472,104

Electrical Components & Equipment — 0.4%
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)^(a)		13,367		11,682,200
4.75%, 06/15/28 (Call 07/01/23)^(a)		10,282		9,277,577
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/23)^(a)(b)		20,829		21,177,886
7.25%, 06/15/28 (Call 06/15/23)^(a)(b)		22,597		23,242,235


				65,379,898

Electronics — 0.6%
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)^(a)		33,278		28,817,084
Sensata Technologies BV
4.00%, 04/15/29 (Call 03/18/24)^(a)(b)		16,194		14,619,538
5.00%, 10/01/25^(a)		12,108		11,933,060
5.63%, 11/01/24^(a)		6,105		6,117,195
5.88%, 09/01/30 (Call 09/01/25)^(a)(b)		8,216		8,087,836
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		12,349		10,728,194
4.38%, 02/15/30 (Call 11/15/29)^(a)(b)		7,511		6,847,644


				87,150,551


Security	Par (000)		Value

Energy - Alternate Sources — 0.1%
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)^(a)(b)	$	11,417	$	10,595,106
5.00%, 01/31/28 (Call 07/31/27)^(a)(b)		11,500		11,011,250


				21,606,356

Engineering & Construction — 0.1%
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 07/15/23)^(a)(b)		11,332		10,595,420


Entertainment — 3.3%
AMC Entertainment Holdings Inc., 7.50%, 02/15/29 (Call 02/15/25)^(a)(b)		15,507		11,242,575
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)^(a)(b)		19,552		17,156,880
6.25%, 07/01/25 (Call 07/01/23)^(a)(b)		54,747		54,903,839
7.00%, 02/15/30 (Call 02/15/26)^(a)(b)		33,347		33,679,430
8.13%, 07/01/27 (Call 07/01/23)^(a)(b)		29,560		30,151,200
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%, 07/01/25 (Call 07/01/23)^(a)(b)		13,647		13,798,823
CDI Escrow Issuer Inc., 5.75%, 04/01/30 (Call 04/01/25)^(a)(b)		20,552		19,806,784
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)^(b)		8,500		7,903,215
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/24)^(b)		7,962		7,626,004
5.50%, 05/01/25 (Call 05/01/23)^(a)(b)		14,551		14,506,569
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/24)^(a)(b)		11,988		11,375,413
5.50%, 04/01/27 (Call 04/01/24)^(a)(b)		10,044		9,802,090
6.75%, 05/01/31		4,183		4,210,399
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)^(a)(b)		12,525		11,201,493
5.88%, 03/15/26 (Call 03/15/24)^(a)(b)		6,987		6,663,851
International Game Technology PLC
4.13%, 04/15/26 (Call 04/15/24)^(a)(b)		12,468		12,013,424
5.25%, 01/15/29 (Call 01/15/24)^(a)(b)		12,502		12,006,590
6.25%, 01/15/27 (Call 07/15/26)^(a)		12,234		12,402,218
6.50%, 02/15/25 (Call 08/15/24)^(a)(b)		7,197		7,286,171
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)^(a)(b)		8,006		7,193,471
4.75%, 10/15/27 (Call 10/15/23)^(a)(b)		15,701		14,562,677
4.88%, 11/01/24 (Call 05/30/23)^(a)(b)		8,645		8,617,444
6.50%, 05/15/27 (Call 05/15/23)^(a)		19,455		19,811,221
Mohegan Gaming & Entertainment
7.88%, 10/15/24 (Call 05/15/23)^(a)(b)		1,643		1,625,913
8.00%, 02/01/26 (Call 02/01/24)^(a)(b)		19,744		17,670,880
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)^(a)(b)		6,443		6,136,958
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)^(a)(b)		12,401		8,974,511
5.88%, 09/01/31 (Call 09/01/26)^(a)(b)		12,559		8,825,837
Resorts World Las Vegas LLC/RWLV Capital Inc.,
4.63%, 04/16/29 (Call 01/16/29)^(a)(b)		15,796		12,752,457
Scientific Games International Inc.
7.00%, 05/15/28 (Call 05/15/23)^(a)(b)		11,920		11,921,973
7.25%, 11/15/29 (Call 11/15/24)^(a)(b)		8,823		8,854,983
8.63%, 07/01/25 (Call 07/01/23)^(a)		9,324		9,545,363
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 05/30/23)^(a)(b)		10,461		10,463,249
5.50%, 04/15/27 (Call 04/15/24)^(a)(b)		8,011		7,660,519


Security	Par (000)		Value

Entertainment (continued)
7.25%, 05/15/31 (Call 05/03/26)	$	13,255	$	12,956,762
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 07/01/23)^(a)		103		104,169
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)^(a)(b)		13,071		10,742,183
3.75%, 12/01/29 (Call 12/01/24)^(a)(b)		9,094		8,002,720
3.88%, 07/15/30 (Call 07/15/25)^(a)(b)		8,753		7,709,205
Wynn Resorts Finance LLC/Wynn Resorts
Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)^(a)(b)		12,374		11,419,754
7.13%, 02/15/31 (Call 11/15/30)^(a)(b)		10,178		10,435,503


				513,724,720

Environmental Control — 0.9%
Clean Harbors Inc.
4.88%, 07/15/27 (Call 07/15/23)^(a)(b)		8,967		8,690,753
6.38%, 02/01/31 (Call 02/01/26)^(a)(b)		8,584		8,766,410
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)^(a)(b)		12,163		10,844,328
5.00%, 09/01/30 (Call 09/01/25)^(b)		6,618		5,848,658
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)^(a)(b)		11,698		10,640,660
3.75%, 08/01/25 (Call 08/01/23)^(a)(b)		12,381		11,948,779
4.00%, 08/01/28 (Call 08/01/23)^(a)(b)		12,293		11,204,256
4.25%, 06/01/25 (Call 06/01/23)^(a)		8,532		8,304,867
4.38%, 08/15/29 (Call 08/15/24)^(a)(b)		8,894		8,071,962
4.75%, 06/15/29 (Call 06/15/24)^(a)(b)		11,794		10,968,420
5.13%, 12/15/26 (Call 12/15/23)^(a)(b)		7,881		7,771,510
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)^(a)(b)		11,200		9,865,363
5.88%, 06/30/29 (Call 06/30/24)^(a)(b)		16,840		13,255,887
Stericycle Inc.
3.88%, 01/15/29 (Call 11/15/23)^(a)(b)		8,154		7,363,118
5.38%, 07/15/24 (Call 06/07/23)^(a)		10,182		10,154,363


				143,699,334

Food — 2.4%
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/23)^(a)(b)		12,575		11,886,016
3.50%, 03/15/29 (Call 09/15/23)^(a)(b)		22,054		19,540,914
4.63%, 01/15/27 (Call 01/15/24)^(a)		23,252		22,467,245
4.88%, 02/15/30 (Call 02/15/25)^(a)(b)		16,600		15,552,747
5.88%, 02/15/28 (Call 08/15/23)^(a)		12,727		12,567,912
6.50%, 02/15/28 (Call 02/15/25)^(a)(b)		12,653		12,852,529
7.50%, 03/15/26 (Call 03/15/24)^(a)(b)		8,611		8,891,288
B&G Foods Inc.
5.25%, 04/01/25 (Call 05/30/23)^(b)		15,720		14,855,400
5.25%, 09/15/27 (Call 03/01/24)^(b)		9,111		7,986,019
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)^(a)		16,008		14,652,122
4.38%, 01/31/32 (Call 01/31/27)^(a)(b)		11,776		10,757,914
4.88%, 05/15/28 (Call 11/15/27)^(a)(b)		8,806		8,654,464
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)^(a)(b)		16,668		15,167,880
5.50%, 10/15/27 (Call 10/15/23)^(a)(b)		18,006		17,653,007
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)		15,467		12,431,601
4.25%, 04/15/31 (Call 04/15/26)		16,898		14,688,046
5.88%, 09/30/27 (Call 09/30/23)^(a)		14,407		14,371,343
6.25%, 07/01/33 (Call 04/01/33)		8,135		8,044,213


Security	Par (000)		Value

Food (continued)
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)^(a)(b)	$	22,242	$	19,461,750
4.63%, 04/15/30 (Call 04/15/25)^(a)(b)		24,131		21,808,391
5.50%, 12/15/29 (Call 12/15/24)^(a)(b)		20,519		19,518,699
5.63%, 01/15/28 (Call 12/01/23)^(a)(b)		15,661		15,302,510
5.75%, 03/01/27 (Call 03/01/24)^(a)(b)		7,910		7,854,250
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)^(a)(b)		9,252		8,459,798
4.75%, 02/15/29 (Call 02/15/24)^(a)(b)		15,029		13,993,341
6.25%, 04/15/25 (Call 04/15/24)^(a)		15,453		15,537,567


				364,956,966

Food Service — 0.4%
Aramark Services Inc.
5.00%, 04/01/25 (Call 05/30/23)^(a)(b)		9,697		9,611,426
5.00%, 02/01/28 (Call 02/01/24)^(a)(b)		19,343		18,400,029
6.38%, 05/01/25 (Call 05/01/23)^(a)		24,689		24,778,169
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)^(a)(b)		7,185		6,385,669
10.50%, 05/15/29 (Call 05/15/24)^(a)(b)		11,188		7,549,103


				66,724,396

Forest Products & Paper — 0.1%
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)^(b)		14,674		12,220,507


Gas — 0.3%
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)		11,448		11,132,659
5.63%, 05/20/24 (Call 03/20/24)		10,406		10,351,697
5.75%, 05/20/27 (Call 02/20/27)		8,564		8,098,291
5.88%, 08/20/26 (Call 05/20/26)		11,425		11,048,448


				40,631,095

Health Care - Products — 1.1%
Avantor Funding Inc.
3.88%, 11/01/29 (Call 11/01/24)^(a)(b)		12,847		11,456,312
4.63%, 07/15/28 (Call 07/15/23)^(a)(b)		25,490		23,984,497
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)^(a)		15,047		13,555,949
4.63%, 02/01/28 (Call 02/01/24)^(a)		6,112		5,943,920
Mozart Debt Merger Sub Inc.
3.88%, 04/01/29 (Call 10/01/24)^(a)		71,819		62,841,625
5.25%, 10/01/29 (Call 10/01/24)^(a)(b)		41,874		36,215,776
Teleflex Inc.
4.25%, 06/01/28 (Call 06/01/23)^(a)(b)		8,304		7,802,491
4.63%, 11/15/27 (Call 11/15/23)^(b)		8,164		7,881,219


				169,681,789

Health Care - Services — 4.5%
Catalent Pharma Solutions Inc.
3.13%, 02/15/29 (Call 02/15/24)^(a)(b)		9,222		7,862,908
3.50%, 04/01/30 (Call 04/01/25)^(a)(b)		10,748		9,227,158
5.00%, 07/15/27 (Call 07/15/23)^(a)(b)		8,154		7,827,840
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)^(a)(b)		7,973		6,999,696
4.00%, 03/15/31 (Call 03/15/26)^(a)(b)		8,489		7,391,443
4.25%, 05/01/28 (Call 05/01/23)^(a)		8,527		7,797,113
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)^(a)(b)		17,253		13,893,841
5.25%, 05/15/30 (Call 05/15/25)^(a)(b)		25,261		21,041,150
5.63%, 03/15/27 (Call 12/15/23)^(a)(b)		31,138		28,763,727
6.00%, 01/15/29 (Call 01/15/24)^(a)(b)		14,136		12,528,030


Security	Par (000)		Value

Health Care - Services (continued)
6.13%, 04/01/30 (Call 04/01/25)^(a)(b)	$	22,008	$	15,641,039
6.88%, 04/01/28 (Call 04/01/24)^(a)(b)		12,029		8,800,550
6.88%, 04/15/29 (Call 04/15/24)^(a)(b)		27,253		20,167,220
8.00%, 03/15/26 (Call 03/15/24)^(a)(b)		34,566		34,229,351
8.00%, 12/15/27 (Call 12/15/23)^(a)(b)		11,840		11,738,497
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)^(a)		24,492		19,763,295
4.63%, 06/01/30 (Call 06/01/25)^(a)		43,753		38,093,838
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/24)^(b)		12,779		12,070,835
4.63%, 04/01/31 (Call 03/30/26)		6,775		6,077,175
4.75%, 02/01/30 (Call 02/01/25)^(b)		12,473		11,488,343
IQVIA Inc.
5.00%, 10/15/26 (Call 10/15/23)^(a)		18,027		17,711,528
5.00%, 05/15/27 (Call 05/15/23)^(a)(b)		17,587		17,154,887
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 05/30/23)^(a)(b)		9,973		8,456,273
6.75%, 04/15/25 (Call 04/15/24)^(a)(b)		10,719		10,317,038
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)^(a)(b)		8,560		5,371,400
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)^(a)		8,327		6,705,733
ModivCare Inc., 5.88%, 11/15/25 (Call 11/15/23)^(a)(b)		8,298		7,934,963
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)^(a)(b)		10,762		9,470,560
3.88%, 05/15/32 (Call 02/15/32)^(a)(b)		12,876		11,047,608
4.38%, 06/15/28 (Call 06/15/23)^(a)(b)		13,184		12,360,000
Radiology Partners Inc., 9.25%, 02/01/28 (Call 02/01/24)^(a)(b)		11,873		5,276,658
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/23)^(a)(b)		23,303		19,423,050
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/23)^(a)(b)		12,847		9,022,252
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/23)^(a)(b)		20,428		19,968,370
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)^(b)		22,896		21,007,080
4.38%, 01/15/30 (Call 12/01/24)		23,621		21,799,348
4.63%, 07/15/24 (Call 05/30/23)		10,798		10,703,518
4.63%, 09/01/24 (Call 09/01/23)		7,852		7,802,925
4.63%, 06/15/28 (Call 06/15/23)^(b)		9,221		8,736,898
4.88%, 01/01/26 (Call 03/01/24)^(b)		33,746		33,245,084
5.13%, 11/01/27 (Call 11/01/23)		24,711		24,018,227
6.13%, 10/01/28 (Call 10/01/23)^(b)		41,621		40,372,370
6.13%, 06/15/30 (Call 06/15/25)^(a)(b)		33,208		32,709,880
6.25%, 02/01/27 (Call 02/01/24)		24,498		24,387,759


				686,406,458

Holding Companies - Diversified — 0.6%
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)^(a)(b)		16,649		14,983,363
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)		12,379		10,879,191
4.75%, 09/15/24 (Call 06/15/24)		17,872		17,648,600
5.25%, 05/15/27 (Call 11/15/26)^(b)		24,347		22,956,360
6.25%, 05/15/26 (Call 05/15/23)		20,905		20,591,843
6.38%, 12/15/25 (Call 05/30/23)^(b)		12,402		12,306,992


				99,366,349


Security	Par (000)		Value

Home Builders — 0.6%
Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/30 (Call 04/01/25)^(a)	$	6,878	$	5,697,735
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)^(a)(b)		7,553		5,936,041
6.25%, 09/15/27 (Call 09/15/23)^(a)		9,608		8,803,330
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)^(a)(b)		7,767		6,821,853
6.75%, 06/01/27 (Call 06/01/23)^(b)		8,530		8,585,360
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)^(a)(b)		10,652		9,321,024
5.25%, 12/15/27 (Call 12/15/23)^(a)(b)		7,959		7,401,953
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)^(a)		7,335		6,620,021
6.00%, 06/01/25 (Call 03/01/25)^(b)		5,813		5,879,497
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)^(a)(b)		8,011		7,555,946
5.75%, 01/15/28 (Call 10/15/27)^(a)(b)		7,560		7,447,054
5.88%, 06/15/27 (Call 03/15/27)^(a)(b)		8,405		8,376,973
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24		6,782		6,776,122


				95,222,909

Home Furnishings — 0.1%
Tempur Sealy International Inc.
3.88%, 10/15/31 (Call 10/15/26)^(a)		13,085		10,840,922
4.00%, 04/15/29 (Call 04/15/24)^(a)(b)		13,616		11,931,020


				22,771,942

Household Products & Wares — 0.3%
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)^(b)		7,903		6,785,713
4.13%, 04/30/31 (Call 04/30/26)^(a)(b)		6,586		5,540,473
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 06/30/23)^(a)(b)		7,734		7,190,687
7.00%, 12/31/27 (Call 12/31/23)^(a)(b)		9,026		7,948,318
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)^(a)(b)		8,499		6,969,180
5.75%, 07/15/25 (Call 07/15/23)^(b)		6,804		6,752,970


				41,187,341

Housewares — 0.5%
Newell Brands Inc.
4.70%, 04/01/26 (Call 01/01/26)		33,342		31,841,610
4.88%, 06/01/25 (Call 05/01/25)^(b)		8,768		8,528,217
6.38%, 09/15/27 (Call 06/15/27)^(b)		8,552		8,430,134
6.63%, 09/15/29 (Call 06/15/29)^(b)		8,374		8,277,281
Scotts Miracle-Gro Co. (The)
4.00%, 04/01/31 (Call 04/01/26)^(b)		8,054		6,570,554
4.38%, 02/01/32 (Call 08/01/26)^(b)		6,825		5,530,388
4.50%, 10/15/29 (Call 10/15/24)^(b)		6,893		5,988,044


				75,166,228

Insurance — 1.2%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)^(a)(b)		11,671		9,797,194
6.00%, 08/01/29 (Call 08/01/24)^(a)		8,584		7,177,834
7.00%, 11/15/25 (Call 05/30/23)^(a)(b)		15,275		14,587,625
10.13%, 08/01/26 (Call 08/01/23)^(a)(b)		6,567		6,686,584
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/23)^(a)(b)		11,452		10,578,212


Security	Par (000)		Value

Insurance (continued)
5.88%, 11/01/29 (Call 11/01/24)^(a)(b)	$	7,374	$	6,402,251
6.75%, 10/15/27 (Call 10/15/23)^(a)(b)		22,118		20,652,682
6.75%, 04/15/28 (Call 04/15/25)^(a)(b)		20,307		20,282,632
AssuredPartners Inc.
5.63%, 01/15/29 (Call 12/15/23)^(a)(b)		8,839		7,674,830
7.00%, 08/15/25 (Call 05/30/23)^(a)(b)		8,562		8,489,286
Enstar Finance LLC, 5.50%, 01/15/42 (Call 01/15/27), (5-year CMT + 4.006%)^(c)		7,138		5,208,733
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26), (5-year CMT + 3.796%)^(a)(b)(c)		12,438		10,007,324
GTCR AP Finance Inc., 8.00%, 05/15/27 (Call 05/15/23)^(a)(b)		7,642		7,472,348
Hub International Ltd.
5.63%, 12/01/29 (Call 12/01/24)^(a)(b)		8,827		7,876,206
7.00%, 05/01/26 (Call 05/01/23)^(a)(b)		29,015		28,882,306
Liberty Mutual Group Inc.
4.13%, 12/15/51 (Call 12/15/26), (5-year CMT + 3.315%)^(a)(b)(c)		7,237		5,834,487
4.30%, 02/01/61 (Call 02/03/26)^(a)		12,607		7,724,939


				185,335,473

Internet — 1.6%
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)^(a)(b)		15,928		13,715,999
6.13%, 12/01/28 (Call 12/01/23)^(a)(b)		8,445		7,326,038
Gen Digital Inc., 5.00%, 04/15/25 (Call 05/09/23)^(a)		19,577		19,359,749
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)^(a)(b)		13,365		11,588,791
5.25%, 12/01/27 (Call 06/01/23)^(a)(b)		10,079		9,694,789
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)^(a)(b)		8,681		7,063,062
4.13%, 08/01/30 (Call 05/01/25)^(a)(b)		8,394		7,217,648
4.63%, 06/01/28 (Call 06/01/23)^(a)(b)		8,543		7,880,917
5.00%, 12/15/27 (Call 12/15/23)^(a)(b)		7,074		6,658,403
NortonLifeLock Inc.
6.75%, 09/30/27 (Call 09/30/24)^(a)(b)		14,984		15,102,973
7.13%, 09/30/30 (Call 09/30/25)^(a)(b)		9,856		9,905,280
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/23)^(a)(b)		8,821		3,726,873
Rakuten Group Inc.
5.13%, (Call 04/22/26), (5-year CMT + 4.578%)^(a)(b)(c)(d)		12,217		7,800,715
6.25%, (Call 04/22/31), (5-year CMT + 4.956%)^(a)(b)(c)(d)		14,603		8,402,008
10.25%, 11/30/24 (Call 11/28/23)^(a)(b)		14,752		14,456,960
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)^(a)(b)		25,151		23,168,955
6.25%, 01/15/28 (Call 12/17/23)^(a)(b)		8,607		8,685,324
7.50%, 05/15/25 (Call 05/15/23)^(a)		16,203		16,446,045
7.50%, 09/15/27 (Call 09/15/23)^(a)(b)		20,499		21,206,215
8.00%, 11/01/26 (Call 11/01/23)^(a)		24,648		25,251,708


				244,658,452

Iron & Steel — 0.4%
Cleveland-Cliffs Inc.
5.88%, 06/01/27 (Call 06/01/23)^(b)		9,601		9,405,882
6.75%, 03/15/26 (Call 03/15/24)^(a)(b)		13,565		13,795,605
6.75%, 04/15/30 (Call 04/15/26)		11,250		10,945,800
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)^(a)(b)		10,638		10,810,867
8.13%, 05/01/27 (Call 05/01/23)^(a)(b)		11,516		11,631,160


Security	Par (000)		Value

Iron & Steel (continued)
8.50%, 05/01/30 (Call 05/01/25)^(a)(b)	$	10,333	$	10,443,752


				67,033,066

Leisure Time — 1.1%
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28 (Call 05/01/25)^(a)		33,777		36,310,275
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/24)^(a)		16,323		15,976,136
8.00%, 04/15/26 (Call 02/01/24)^(a)(b)		8,036		7,995,820
NCL Corp. Ltd.
3.63%, 12/15/24 (Call 12/15/23)^(a)(b)		9,634		9,062,784
5.88%, 03/15/26 (Call 12/15/25)^(a)(b)		23,999		20,699,138
5.88%, 02/15/27 (Call 02/15/24)^(a)(b)		16,637		15,661,240
7.75%, 02/15/29 (Call 11/15/28)^(a)(b)		9,584		8,191,625
8.38%, 02/01/28 (Call 02/01/25)^(a)(b)		10,100		10,204,471
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)^(a)(b)		8,358		6,758,836
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/23)^(a)(b)		13,051		11,145,424
7.00%, 02/15/29 (Call 02/15/24)^(a)(b)		8,325		7,082,202
13.00%, 05/15/25 (Call 05/15/23)^(a)		10,762		11,344,381
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/24)^(a)(b)		10,744		9,575,086

				170,007,418

Lodging — 3.5%
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/23)^(b)		16,302		15,725,154
4.75%, 06/15/31 (Call 06/15/26)^(a)(b)		15,064		13,827,396
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)^(a)(b)		24,596		20,996,838
3.75%, 05/01/29 (Call 05/01/24)^(a)		13,303		11,989,329
4.00%, 05/01/31 (Call 05/01/26)^(a)(b)		18,135		16,026,806
4.88%, 01/15/30 (Call 01/15/25)^(b)		16,499		15,667,879
5.38%, 05/01/25 (Call 05/01/23)^(a)(b)		5,358		5,351,303
5.75%, 05/01/28 (Call 05/01/23)^(a)(b)		6,803		6,784,503
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)^(a)		8,382		7,334,250
5.00%, 06/01/29 (Call 06/01/24)^(a)(b)		13,888		12,568,640
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 04/01/24)^(b)		8,782		8,667,737
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)^(b)		8,735		8,264,998
3.20%, 08/08/24 (Call 07/08/24)		28,619		27,760,430
3.50%, 08/18/26 (Call 06/18/26)		16,577		15,543,175
3.90%, 08/08/29 (Call 05/08/29)^(b)		12,639		11,518,869
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 06/06/23)^(a)(b)		14,192		13,437,766
5.25%, 04/26/26 (Call 04/26/24)^(a)(b)		7,403		6,847,775
5.38%, 12/04/29 (Call 12/04/24)^(a)		18,666		15,542,465
5.63%, 07/17/27 (Call 07/17/23)^(a)(b)		9,848		8,884,866
5.75%, 07/21/28 (Call 07/21/23)^(a)(b)		13,853		12,109,625
MGM China Holdings Ltd.
4.75%, 02/01/27 (Call 02/01/24)^(a)(b)		11,604		10,536,118
5.25%, 06/18/25 (Call 05/09/23)^(a)		8,212		7,859,220
5.38%, 05/15/24 (Call 05/15/23)^(a)(b)		10,983		10,805,865
5.88%, 05/15/26 (Call 05/15/23)^(a)(b)		10,779		10,299,573
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)^(b)		6,481		6,201,507
4.75%, 10/15/28 (Call 07/15/28)^(b)		12,199		11,487,920
5.50%, 04/15/27 (Call 01/15/27)		11,043		10,797,742
5.75%, 06/15/25 (Call 03/15/25)^(b)		12,029		12,009,152


Security	Par (000)		Value

Lodging (continued)
6.75%, 05/01/25 (Call 05/01/23)^(b)	$	11,837	$	11,964,120
Station Casinos LLC
4.50%, 02/15/28 (Call 02/15/24)^(a)(b)		11,544		10,608,936
4.63%, 12/01/31 (Call 06/01/31)^(a)		8,322		7,161,081
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)^(a)(b)		17,459		13,635,479
6.00%, 07/15/25 (Call 07/15/23)^(a)		7,845		7,286,947
6.50%, 01/15/28 (Call 07/15/23)^(a)(b)		8,281		7,148,071
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)^(a)(b)		10,554		9,208,998
6.00%, 04/01/27 (Call 01/01/27)^(b)		6,437		6,347,783
6.63%, 07/31/26 (Call 04/30/26)^(a)(b)		10,942		10,919,897
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 05/15/27 (Call 02/15/27)^(a)(b)		15,556		14,930,493
5.50%, 03/01/25 (Call 12/01/24)^(a)(b)		30,587		30,158,057
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 05/09/23)^(a)(b)		10,925		10,572,049
5.13%, 12/15/29 (Call 12/15/24)^(a)(b)		15,706		12,985,374
5.50%, 01/15/26 (Call 06/15/23)^(a)		16,384		15,208,174
5.50%, 10/01/27 (Call 10/01/23)^(a)(b)		12,241		10,909,791
5.63%, 08/26/28 (Call 08/26/23)^(a)		22,344		19,495,140


				533,387,291

Machinery — 0.5%
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)^(a)(b)		24,009		24,827,558
9.50%, 01/01/31 (Call 01/01/26)^(a)(b)		8,322		8,810,918
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 05/30/23)^(a)(b)		10,441		9,366,336
TK Elevator Holdco GmbH, 7.63%, 07/15/28 (Call 07/15/23)^(a)(b)		6,533		5,839,522
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/23)^(a)		25,924		24,185,980


				73,030,314

Manufacturing — 0.2%
FXI Holdings Inc.
7.88%, 11/01/24 (Call 05/30/23)^(a)(b)		7,879		7,226,619
12.25%, 11/15/26 (Call 11/15/23)^(a)(b)		12,380		11,097,412
Hillenbrand Inc., 5.75%, 06/15/25 (Call 06/15/23)^(b)		7,118		7,126,897


				25,450,928

Media — 9.9%
Altice Financing SA
5.00%, 01/15/28 (Call 01/15/24)^(a)(b)		19,960		16,158,452
5.75%, 08/15/29 (Call 08/15/24)^(a)		33,410		26,651,825
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)^(b)		16,575		11,486,475
4.75%, 08/01/25 (Call 08/01/23)^(b)		13,333		12,366,358
5.00%, 04/01/24 (Call 05/30/23)^(b)		4,132		4,070,392
Audacy Capital Corp.
6.50%, 05/01/27 (Call 05/01/23)^(a)		4,301		326,809
6.75%, 03/31/29 (Call 03/31/24)^(a)		5,498		422,246
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)^(a)(b)		49,621		40,794,511
4.25%, 01/15/34 (Call 01/15/28)^(a)(b)		32,875		25,231,563
4.50%, 08/15/30 (Call 02/15/25)^(a)(b)		44,729		37,688,248
4.50%, 05/01/32 (Call 05/01/26)^(b)		48,518		38,814,400
4.50%, 06/01/33 (Call 06/01/27)^(a)		28,024		22,275,577
4.75%, 03/01/30 (Call 09/01/24)^(a)		49,045		42,178,700
4.75%, 02/01/32 (Call 02/01/27)^(a)(b)		18,956		15,662,395
5.00%, 02/01/28 (Call 08/01/23)^(a)		39,132		36,246,015


Security	Par (000)		Value

Media (continued)
5.13%, 05/01/27 (Call 05/01/23)^(a)	$	50,381	$	47,610,045
5.38%, 06/01/29 (Call 06/01/24)^(a)(b)		23,305		21,353,206
5.50%, 05/01/26 (Call 05/01/23)^(a)		10,147		9,964,868
6.38%, 09/01/29 (Call 09/01/25)^(a)(b)		24,442		23,289,491
7.38%, 03/01/31 (Call 03/01/26)^(a)(b)		17,249		16,904,020
CSC Holdings LLC
3.38%, 02/15/31 (Call 02/15/26)^(a)(b)		16,643		11,438,401
4.13%, 12/01/30 (Call 12/01/25)^(a)(b)		17,172		12,317,132
4.50%, 11/15/31 (Call 11/15/26)^(a)		24,932		17,507,562
4.63%, 12/01/30 (Call 12/01/25)^(a)(b)		38,671		18,855,206
5.00%, 11/15/31 (Call 11/15/26)^(a)		7,634		3,647,786
5.25%, 06/01/24^(b)		10,905		10,632,375
5.38%, 02/01/28 (Call 02/01/24)^(a)(b)		16,562		13,580,840
5.50%, 04/15/27 (Call 04/15/24)^(a)(b)		21,150		18,083,250
5.75%, 01/15/30 (Call 01/15/25)^(a)		36,671		18,702,210
6.50%, 02/01/29 (Call 02/01/24)^(a)(b)		29,145		24,336,075
7.50%, 04/01/28 (Call 04/01/24)^(a)(b)		17,540		10,962,500
11.25%, 05/15/28 (Call 05/15/25)^(a)		7,821		7,791,671
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 08/15/23)^(a)		61,611		54,063,653
DISH DBS Corp.
5.25%, 12/01/26 (Call 06/01/26)^(a)		45,916		35,068,345
5.75%, 12/01/28 (Call 12/01/27)^(a)		41,233		29,378,513
5.88%, 11/15/24		33,223		27,521,491
7.38%, 07/01/28 (Call 07/01/23)^(b)		16,438		8,229,274
7.75%, 07/01/26		33,432		19,306,980
5.13%, 06/01/29^(b)		23,686		10,760,870
DISH Network Corp., 11.75%, 11/15/27 (Call 05/15/25)^(a)		57,938		54,823,832
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)^(a)(b)		21,471		13,795,118
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)^(a)(b)		13,310		8,555,834
5.88%, 07/15/26 (Call 07/15/23)^(a)		12,537		10,656,450
7.00%, 05/15/27 (Call 05/15/23)^(a)(b)		12,619		10,206,121
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/24)^(a)(b)		8,353		6,494,458
5.25%, 08/15/27 (Call 08/15/23)^(a)(b)		13,118		10,343,543
6.38%, 05/01/26 (Call 05/01/23)^(b)		13,123		11,221,175
8.38%, 05/01/27 (Call 05/01/23)^(b)		17,981		11,773,933
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)^(a)		13,703		11,750,323
6.75%, 10/15/27 (Call 10/15/23)^(a)		19,111		18,228,311
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)^(a)		15,172		13,489,691
8.00%, 08/01/29 (Call 08/01/24)^(a)(b)		11,483		9,916,480
News Corp.
3.88%, 05/15/29 (Call 05/15/24)^(a)(b)		17,029		15,118,857
5.13%, 02/15/32 (Call 02/15/27)^(a)(b)		9,164		8,476,700
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/23)^(a)(b)		16,785		14,725,588
5.63%, 07/15/27 (Call 07/15/23)^(a)		29,601		27,800,667
Paramount Global
6.25%, 02/28/57 (Call 02/28/27), (3-mo. LIBOR US + 3.899%)^(b)(c)		10,411		8,042,498
6.38%, 03/30/62 (Call 03/30/27), (5-year CMT + 3.999%)^(b)(c)		16,693		14,379,517
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)^(a)(b)		15,080		11,727,932
6.50%, 09/15/28 (Call 09/15/23)^(a)		16,633		7,740,582


Security	Par (000)		Value

Media (continued)
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 01/15/24)^(a)(b)	$	8,571	$	6,680,023
5.38%, 01/15/31 (Call 01/15/26)^(a)(b)		483		337,158
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 07/15/23)^(a)(b)		7,076		5,091,182
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)^(a)(b)		12,512		9,873,845
5.50%, 03/01/30 (Call 12/01/24)^(a)(b)		8,157		6,301,283
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)^(a)(b)		16,489		14,757,655
3.88%, 09/01/31 (Call 09/01/26)^(a)(b)		24,867		18,774,585
4.00%, 07/15/28 (Call 07/15/24)^(a)(b)		33,722		28,536,716
4.13%, 07/01/30 (Call 07/01/25)^(a)(b)		24,805		19,899,315
5.00%, 08/01/27 (Call 08/01/23)^(a)		25,224		23,206,080
5.50%, 07/01/29 (Call 07/01/24)^(a)(b)		20,488		18,270,379
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/24)^(b)		12,769		11,352,279
4.75%, 03/15/26 (Call 03/15/24)^(a)		8,338		7,980,978
5.00%, 09/15/29 (Call 09/15/24)^(b)		13,681		12,004,051
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 12/01/23)^(a)		12,400		11,592,450
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)^(a)(b)		17,351		14,914,269
5.13%, 02/15/25 (Call 05/09/23)^(a)		24,847		24,437,521
6.63%, 06/01/27 (Call 06/01/23)^(a)		24,910		24,018,222
7.38%, 06/30/30 (Call 06/30/25)^(a)(b)		15,291		14,670,185
UPC Broadband Finco BV, 4.88%, 07/15/31 (Call 07/15/26)^(a)		20,701		17,802,860
UPC Holding BV, 5.50%, 01/15/28 (Call 10/15/23)^(a)(b)		7,514		6,760,096
Videotron Ltd.
3.63%, 06/15/29 (Call 06/15/24)^(a)(b)		8,098		6,998,697
5.13%, 04/15/27 (Call 04/15/24)^(a)(b)		9,631		9,306,154
5.38%, 06/15/24 (Call 03/15/24)^(a)(b)		6,711		6,692,497
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)^(a)(b)		15,077		12,679,606
Virgin Media Secured Finance PLC
4.50%, 08/15/30 (Call 08/15/25)^(a)(b)		15,166		12,987,556
5.50%, 05/15/29 (Call 05/15/24)^(a)(b)		23,656		21,724,970
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 07/15/23)^(a)		8,204		7,343,576
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)^(a)		24,396		20,309,670
Ziggo Bond Co. BV
5.13%, 02/28/30 (Call 02/15/25)^(a)		7,596		6,171,750
6.00%, 01/15/27 (Call 01/15/24)^(a)(b)		9,849		9,347,803
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)^(a)		16,149		13,893,469


				1,525,664,220

Mining — 1.0%
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/23)^(a)		10,068		10,048,222
6.13%, 02/15/28 (Call 02/15/24)^(a)(b)		14,890		14,703,875
Constellium SE, 3.75%, 04/15/29 (Call 04/15/24)^(a)(b)		8,253		7,140,614
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)^(a)		24,851		21,577,668
4.50%, 09/15/27 (Call 06/15/27)^(a)(b)		9,775		9,301,890
5.13%, 05/15/24 (Call 02/15/24)^(a)(b)		6,930		6,895,110
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)^(a)(b)		11,501		11,117,557
6.13%, 04/15/32 (Call 01/15/32)^(a)(b)		13,202		12,772,935


Security	Par (000)		Value

Mining (continued)
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)^(a)(b)	$	9,420	$	7,465,350
4.63%, 03/01/28 (Call 03/01/24)^(a)(b)		8,345		7,336,646
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)^(a)		12,411		11,332,081
3.88%, 08/15/31 (Call 08/15/26)^(a)(b)		12,818		10,716,916
4.75%, 01/30/30 (Call 01/30/25)^(a)(b)		26,999		24,376,722


				154,785,586

Office & Business Equipment — 0.1%
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)^(a)(b)		12,808		12,217,295
5.50%, 08/15/28 (Call 07/15/28)^(a)(b)		12,302		10,773,394


				22,990,689

Oil & Gas — 6.0%
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)^(a)(b)		10,464		9,819,592
7.63%, 02/01/29 (Call 02/01/24)^(a)(b)		6,526		6,680,110
Apache Corp., 4.25%, 01/15/30 (Call 10/15/29)^(b)		9,755		8,913,631
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)^(a)(b)		6,458		5,761,523
7.00%, 11/01/26 (Call 11/01/23)^(a)(b)		9,697		9,400,854
Baytex Energy Corp.
8.50%, 04/30/30 (Call 04/30/26)^(b)		12,645		12,708,225
8.75%, 04/01/27 (Call 04/01/24)^(a)		5,845		6,016,175
Callon Petroleum Co.
7.50%, 06/15/30 (Call 06/15/25)^(a)(b)		10,656		10,126,397
8.00%, 08/01/28 (Call 08/01/24)^(a)(b)		11,581		11,431,105
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 04/15/24)^(a)(b)		8,791		9,024,397
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/24)^(a)(b)		8,670		8,579,687
5.88%, 02/01/29 (Call 02/05/24)^(a)(b)		8,291		7,931,467
6.75%, 04/15/29 (Call 04/15/24)^(a)(b)		15,658		15,501,420
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/23)^(a)		21,211		21,303,798
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 06/15/23)^(a)(b)		11,328		11,063,208
7.00%, 06/15/25 (Call 06/15/23)^(a)		18,618		18,524,910
CNX Resources Corp.
6.00%, 01/15/29 (Call 01/15/24)^(a)(b)		8,531		7,891,175
7.25%, 03/14/27 (Call 03/14/24)^(a)		670		660,821
7.38%, 01/15/31 (Call 01/15/26)^(a)(b)		8,673		8,369,445
Colgate Energy Partners III LLC, 5.88%, 07/01/29 (Call 07/01/24)^(a)(b)		11,731		11,056,468
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)^(a)(b)		15,965		13,723,257
6.75%, 03/01/29 (Call 03/01/24)^(a)(b)		19,157		17,333,095
Crescent Energy Finance LLC, 9.25%, 02/15/28 (Call 02/15/25)^(a)		6,966		6,959,469
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)^(a)(b)		6,861		6,505,747
5.63%, 10/15/25 (Call 10/15/23)^(a)(b)		20,257		20,003,787
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/24)^(a)(b)		10,266		9,934,100
5.75%, 02/15/28 (Call 02/15/24)^(a)(b)		7,147		6,386,559
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 (Call 01/30/24)^(a)(b)		16,388		16,327,546


Security	Par (000)		Value

Oil & Gas (continued)
Energean Israel Finance Ltd.
4.50%, 03/30/24 (Call 12/30/23)^(a)(e)	$	4,301	$	4,185,303
4.88%, 03/30/26 (Call 12/30/25)^(a)(e)		7,403		6,836,054
5.38%, 03/30/28 (Call 09/30/27)^(a)(e)		7,345		6,561,944
5.88%, 03/30/31 (Call 09/30/30)^(a)(e)		7,166		6,251,439
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)^(a)		9,801		9,154,950
6.00%, 04/15/30 (Call 04/15/25)^(a)		8,282		7,740,134
6.00%, 02/01/31 (Call 02/01/26)^(a)(b)		9,902		9,181,630
6.25%, 11/01/28 (Call 11/01/23)^(a)		9,752		9,356,435
6.25%, 04/15/32 (Call 04/15/27)^(a)(b)		8,636		8,055,495
Independence Energy Finance LLC, 7.25%, 05/01/26 (Call 05/01/23)^(a)		11,994		11,470,042
Laredo Petroleum Inc., 9.50%, 01/15/25 (Call 01/15/24)^(b)		7,602		7,659,015
Leviathan Bond Ltd.
6.13%, 06/30/25 (Call 03/30/25)^(a)(e)		6,975		6,795,394
6.50%, 06/30/27 (Call 12/30/26)^(a)(e)		7,061		6,716,120
6.75%, 06/30/30 (Call 12/30/29)^(a)(e)		6,591		6,116,448
Matador Resources Co.
5.88%, 09/15/26 (Call 09/15/23)		5,390		5,282,200
6.88%, 04/15/28 (Call 04/15/25)^(a)(b)		4,670		4,697,320
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)^(a)(b)		9,677		9,289,920
7.13%, 02/01/27 (Call 02/01/24)^(a)(b)		7,729		7,922,225
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 01/15/24)^(a)(b)		11,621		10,891,420
10.50%, 05/15/27 (Call 05/15/23)^(a)		8,121		7,901,808
Murphy Oil Corp.
5.88%, 12/01/27 (Call 12/01/23)^(b)		8,968		8,853,658
6.38%, 07/15/28 (Call 07/15/24)^(b)		7,720		7,690,741
Nabors Industries Inc.
5.75%, 02/01/25 (Call 11/01/24)^(b)		8,455		8,236,148
7.38%, 05/15/27 (Call 05/15/24)^(a)(b)		11,950		11,591,500
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 07/15/23)^(a)(b)		9,457		8,927,408
Occidental Petroleum Corp.
2.90%, 08/15/24 (Call 06/15/24)^(b)		6,767		6,563,347
5.50%, 12/01/25 (Call 09/01/25)^(b)		7,271		7,303,755
5.55%, 03/15/26 (Call 12/15/25)^(b)		14,770		14,900,995
5.88%, 09/01/25 (Call 06/01/25)^(b)		9,254		9,391,440
6.13%, 01/01/31 (Call 07/01/30)^(b)		18,519		19,331,058
6.38%, 09/01/28 (Call 03/01/28)^(b)		9,291		9,707,376
6.63%, 09/01/30 (Call 03/01/30)^(b)		24,459		26,109,982
7.50%, 05/01/31^(b)		14,346		16,006,263
7.88%, 09/15/31		8,154		9,303,714
8.50%, 07/15/27 (Call 01/15/27)		8,669		9,545,696
8.88%, 07/15/30 (Call 01/15/30)^(b)		17,063		20,049,025
Parkland Corp.
4.50%, 10/01/29 (Call 10/01/24)^(a)		13,820		12,109,775
4.63%, 05/01/30 (Call 05/01/25)^(a)(b)		13,433		11,745,021
5.88%, 07/15/27 (Call 07/15/23)^(a)		8,322		8,109,659
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/24)		13,268		12,242,771
7.25%, 06/15/25 (Call 06/15/23)^(b)		11,297		11,254,636
Puma International Financing SA
5.00%, 01/24/26 (Call 05/09/23)^(a)		11,420		10,293,533
5.13%, 10/06/24 (Call 05/09/23)^(a)		8,298		7,963,032
Range Resources Corp.
4.75%, 02/15/30 (Call 02/15/25)^(a)(b)		8,379		7,708,680


Security	Par (000)		Value

Oil & Gas (continued)
4.88%, 05/15/25 (Call 02/15/25)^(b)	$	12,710	$	12,551,125
8.25%, 01/15/29 (Call 01/15/24)^(b)		10,427		10,882,660
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)^(b)		7,032		6,678,423
6.63%, 01/15/27 (Call 01/15/24)^(b)		6,140		5,972,247
6.75%, 09/15/26 (Call 09/15/23)^(b)		7,531		7,418,035
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)^(b)		18,938		16,724,527
5.38%, 02/01/29 (Call 02/01/24)^(b)		11,472		10,836,370
5.38%, 03/15/30 (Call 03/15/25)^(b)		19,714		18,389,454
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)^(b)		12,885		11,617,696
4.50%, 04/30/30 (Call 04/30/25)^(b)		13,479		12,062,511
5.88%, 03/15/28 (Call 03/15/24)		6,435		6,320,417
6.00%, 04/15/27 (Call 04/15/24)^(b)		10,158		10,104,569
Transocean Inc.
7.50%, 01/15/26 (Call 01/15/24)^(a)		9,006		8,285,520
8.00%, 02/01/27 (Call 02/01/24)^(a)		10,018		8,905,000
8.75%, 02/15/30 (Call 02/15/26)^(a)		19,089		19,136,722
11.50%, 01/30/27 (Call 07/30/23)^(a)		10,902		11,168,772
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/24)^(a)(b)		5,783		5,659,193
Transocean Titan Financing Ltd., 8.38%, 02/01/28 (Call 02/01/25)^(a)		8,731		8,883,793


				916,539,511

Oil & Gas Services — 0.5%
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/24)^(a)(b)		13,260		12,728,804
6.88%, 04/01/27 (Call 04/01/24)^(a)(b)		8,140		8,022,370
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 04/01/24)^(b)		11,706		11,586,599
6.88%, 09/01/27 (Call 09/01/23)		12,957		12,611,696
Weatherford International Ltd.
6.50%, 09/15/28 (Call 09/15/24)^(a)(b)		7,799		7,799,000
8.63%, 04/30/30 (Call 10/30/24)^(a)(b)		24,410		24,898,200
11.00%, 12/01/24 (Call 12/01/23)^(a)(b)		201		207,214


				77,853,883

Packaging & Containers — 2.9%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.25%, 09/01/28 (Call 05/15/24)^(a)(b)		9,518		8,340,147
4.00%, 09/01/29 (Call 05/15/24)^(a)(b)		17,204		14,017,819
6.00%, 06/15/27 (Call 06/15/24)^(a)		9,621		9,591,536
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 08/15/26 (Call 08/15/23)^(a)		19,772		18,621,467
5.25%, 04/30/25 (Call 04/30/23)^(a)		11,992		11,801,627
5.25%, 08/15/27 (Call 08/15/23)^(a)(b)		13,131		11,210,591
5.25%, 08/15/27 (Call 08/15/23)^(a)		16,790		14,334,462
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)^(b)		20,531		17,231,176
3.13%, 09/15/31 (Call 06/15/31)^(b)		13,513		11,262,734
4.88%, 03/15/26 (Call 12/15/25)^(b)		12,921		12,791,790
5.25%, 07/01/25		17,073		17,055,500
6.88%, 03/15/28 (Call 11/15/24)^(b)		12,288		12,780,184
Berry Global Inc., 5.63%, 07/15/27 (Call 07/15/23)^(a)(b)		8,704		8,605,113
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29 (Call 04/15/25)^(a)(b)		7,898		7,731,787


Security	Par (000)		Value

Packaging & Containers (continued)
8.75%, 04/15/30 (Call 04/15/25)^(a)(b)	$	18,051	$	16,650,919
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)^(b)		7,787		7,572,857
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)		6,158		5,937,282
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/24)^(b)		13,951		13,699,533
Graphic Packaging International LLC
3.50%, 03/15/28^(a)(b)		6,779		6,184,595
3.75%, 02/01/30 (Call 08/01/29)^(a)(b)		6,706		5,989,263
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)^(a)(b)		7,844		7,244,180
6.75%, 07/15/26 (Call 07/15/23)^(a)		11,556		11,442,472
8.25%, 11/01/29 (Call 11/01/24)^(a)(b)		7,486		6,498,746
10.50%, 07/15/27 (Call 07/15/23)^(a)(b)		11,392		10,822,400
Mauser Packaging Solutions Holding Co.
7.88%, 08/15/26 (Call 08/15/24)^(a)		45,228		45,858,478
9.25%, 04/15/27 (Call 10/15/24)^(a)(b)		22,113		21,020,839
OI European Group BV, 4.75%, 02/15/30 (Call 11/15/24)^(a)(b)		6,937		6,363,796
Owens-Brockway Glass Container Inc., 6.63%, 05/13/27 (Call 05/15/23)^(a)(b)		10,126		10,163,972
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Gro, 4.00%, 10/15/27 (Call 10/15/23)^(a)(b)		16,925		15,253,656
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28 (Call 10/15/24)^(a)(b)		8,134		7,162,882
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)^(a)(b)		7,281		6,826,575
5.00%, 04/15/29 (Call 04/15/25)^(a)(b)		7,276		6,982,223
5.13%, 12/01/24 (Call 09/01/24)^(a)		5,634		5,634,048
5.50%, 09/15/25 (Call 06/15/25)^(a)(b)		6,535		6,549,755
6.13%, 02/01/28 (Call 02/01/24)^(a)(b)		12,657		12,863,942
Silgan Holdings Inc., 4.13%, 02/01/28 (Call 10/01/23)^(b)		9,316		8,710,460
Trivium Packaging Finance BV
5.50%, 08/15/26 (Call 08/15/23)^(a)		17,903		17,393,883
8.50%, 08/15/27 (Call 08/15/23)^(a)(b)		11,706		11,284,818


				449,487,507

Pharmaceuticals — 3.0%
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)^(a)(b)		8,619		7,023,278
5.13%, 03/01/30 (Call 03/01/25)^(a)(b)		10,235		8,469,463
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/31/23)^(a)(b)		10,442		5,546,477
9.25%, 04/01/26 (Call 04/01/24)^(a)		11,692		9,401,976
Bausch Health Companies Inc.
5.00%, 01/30/28 (Call 01/30/24)^(a)(b)		5,861		2,742,948
5.00%, 02/15/29 (Call 02/15/24)^(a)(b)		7,190		3,355,933
6.13%, 02/01/27 (Call 02/01/24)^(a)(b)		14,637		10,605,193
6.25%, 02/15/29 (Call 02/15/24)^(a)(b)		14,484		6,838,621
9.00%, 12/15/25 (Call 12/15/23)^(a)(b)		14,493		12,181,780
14.00%, 10/15/30 (Call 10/15/25)^(a)		3		1,936
Bausch Health Cos. Inc.
4.88%, 06/01/28 (Call 06/01/24)^(a)(b)		25,964		17,132,670
5.25%, 01/30/30 (Call 01/30/25)^(a)(b)		14,004		6,668,238
5.25%, 02/15/31 (Call 02/15/26)^(a)(b)		7,844		3,761,198
5.50%, 11/01/25 (Call 05/29/23)^(a)		28,564		24,850,680
5.75%, 08/15/27 (Call 08/15/23)^(a)		8,416		5,836,128


Security	Par (000)		Value

Pharmaceuticals (continued)
11.00%, 09/30/28^(a)(b)	$	28,297	$	23,002,631
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 05/29/23)^(a)(b)		10,007		9,595,462
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)^(a)(b)		9,710		7,417,631
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)^(a)		24,050		22,097,001
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
10.00%, 04/15/25 (Call 04/15/24)^(a)(b)		8,190		6,797,700
11.50%, 12/15/28 (Call 06/15/27)^(a)(b)		10,651		8,408,432
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)^(a)(b)		34,857		32,068,440
5.13%, 04/30/31 (Call 04/30/26)^(a)(b)		32,558		28,935,922
Owens & Minor Inc.
4.50%, 03/31/29 (Call 03/31/24)^(a)(b)		8,098		6,509,094
6.63%, 04/01/30 (Call 04/01/25)^(a)(b)		9,311		8,100,570
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)		11,779		11,406,734
4.38%, 03/15/26 (Call 12/15/25)		11,322		10,925,730
4.40%, 06/15/30 (Call 03/15/30)^(b)		12,440		11,242,650
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)^(a)(b)		9,834		8,315,729
5.13%, 01/15/28 (Call 01/15/24)^(a)(b)		6,653		6,464,775
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26^(b)		52,988		48,023,687
4.75%, 05/09/27 (Call 02/09/27)^(b)		15,946		14,961,295
5.13%, 05/09/29 (Call 02/09/29)^(b)		16,025		14,863,187
6.00%, 04/15/24 (Call 01/15/24)^(b)		6,488		6,473,808
6.75%, 03/01/28 (Call 12/01/27)^(b)		20,088		20,118,132
7.13%, 01/31/25 (Call 10/31/24)^(b)		6,848		6,984,960
7.88%, 09/15/29 (Call 06/15/29)^(b)		9,656		10,108,080
8.13%, 09/15/31 (Call 06/15/31)^(b)		8,045		8,441,216


				455,679,385

Pipelines — 4.4%
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)^(a)		12,704		11,877,684
5.75%, 03/01/27 (Call 03/01/24)^(a)(b)		10,935		10,552,275
5.75%, 01/15/28 (Call 01/15/24)^(a)(b)		11,145		10,796,719
7.88%, 05/15/26 (Call 05/15/23)^(a)(b)		9,093		9,336,319
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)		9,584		8,721,440
4.13%, 03/01/25 (Call 02/01/25)^(a)		8,533		8,188,617
4.13%, 12/01/27 (Call 09/01/27)		6,720		6,028,173
4.50%, 03/01/28 (Call 12/01/27)^(a)(b)		8,382		7,617,142
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31 (Call 06/15/26)^(a)(b)		22,769		21,258,657
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/23)^(a)(b)		10,032		9,623,613
5.75%, 04/01/25 (Call 05/30/23)		8,084		7,970,487
6.00%, 02/01/29 (Call 02/01/24)^(a)(b)		11,558		10,893,415
7.38%, 02/01/31 (Call 02/01/26)^(a)(b)		9,672		9,672,000
8.00%, 04/01/29 (Call 04/01/24)^(a)(b)		7,845		7,982,287
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)^(a)		18,436		16,349,045
4.38%, 06/15/31 (Call 06/15/26)^(a)(b)		16,176		14,072,594
EnLink Midstream LLC
5.38%, 06/01/29 (Call 03/01/29)^(b)		8,274		7,997,988


Security	Par (000)		Value

Pipelines (continued)
5.63%, 01/15/28 (Call 07/15/27)^(a)(b)	$	8,564	$	8,435,540
6.50%, 09/01/30 (Call 03/01/30)^(a)(b)		16,743		16,953,480
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)^(b)		7,011		6,789,593
4.85%, 07/15/26 (Call 04/15/26)^(b)		8,065		7,856,486
EQM Midstream Partners LP
4.00%, 08/01/24 (Call 05/01/24)		457		442,113
4.13%, 12/01/26 (Call 09/01/26)		8,415		7,647,131
4.50%, 01/15/29 (Call 07/15/28)^(a)(b)		12,878		10,968,032
4.75%, 01/15/31 (Call 07/15/30)^(a)(b)		17,806		14,606,306
5.50%, 07/15/28 (Call 04/15/28)^(b)		14,563		13,270,534
6.00%, 07/01/25 (Call 04/01/25)^(a)		6,214		6,098,720
6.50%, 07/01/27 (Call 01/01/27)^(a)(b)		14,818		14,449,032
7.50%, 06/01/27 (Call 06/01/24)^(a)(b)		8,388		8,343,773
7.50%, 06/01/30 (Call 12/01/29)^(a)(b)		7,940		7,711,725
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25 (Call 10/01/23)		8,625		8,430,937
7.75%, 02/01/28 (Call 02/01/24)		11,575		11,401,375
8.00%, 01/15/27 (Call 01/15/24)		17,281		17,255,251
8.88%, 04/15/30 (Call 04/15/26)		7,886		7,903,908
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)^(a)(b)		12,878		11,444,234
5.13%, 06/15/28 (Call 06/15/23)^(a)(b)		9,141		8,675,570
5.50%, 10/15/30 (Call 10/15/25)^(a)		6,379		5,967,611
5.63%, 02/15/26 (Call 02/15/24)^(a)		13,590		13,403,987
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)^(a)		20,255		16,805,573
Kinetik Holdings LP, 5.88%, 06/15/30 (Call 06/15/25)^(a)(b)		16,365		15,681,303
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/24)^(a)(b)		25,020		23,018,400
6.75%, 09/15/25 (Call 09/15/23)^(a)		21,095		20,133,912
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26 (Call 02/01/24)^(a)		34,088		32,850,179
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)^(b)		9,049		8,687,441
5.75%, 10/01/25 (Call 07/01/25)^(b)		9,824		9,678,267
6.00%, 06/01/26 (Call 03/01/26)		8,772		8,611,385
6.38%, 10/01/30 (Call 04/01/30)^(b)		10,171		9,765,380
Rockies Express Pipeline LLC
3.60%, 05/15/25 (Call 04/15/25)^(a)		6,924		6,567,068
4.95%, 07/15/29 (Call 04/15/29)^(a)(b)		8,491		7,841,014
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 8.50%, 10/15/26 (Call 10/15/23)^(a)(b)		13,039		12,537,544
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 01/15/24)^(a)(b)		12,520		11,676,987
6.00%, 03/01/27 (Call 03/01/24)^(a)(b)		7,411		7,141,517
6.00%, 12/31/30 (Call 12/31/25)^(a)(b)		12,132		10,823,564
6.00%, 09/01/31 (Call 09/01/26)^(a)(b)		7,958		7,065,141
7.50%, 10/01/25 (Call 10/01/23)^(a)		10,507		10,626,149
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)^(a)(b)		20,758		17,538,175
6.25%, 01/15/30 (Call 10/15/29)^(a)(b)		16,966		17,216,975
3.88%, 08/15/29 (Call 02/15/29)^(a)(b)		20,439		18,440,769
4.13%, 08/15/31 (Call 02/15/31)^(a)		20,576		18,209,760
Western Midstream Operating LP
3.35%, 02/01/25 (Call 01/01/25)		818		782,960
4.30%, 02/01/30 (Call 11/01/29)^(b)		1,494		1,365,798


				680,059,054


Security	Par (000)		Value

Real Estate — 0.5%
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)^(a)	$	11,057	$	9,357,907
4.38%, 02/01/31 (Call 02/01/26)^(a)(b)		11,483		9,372,999
5.38%, 08/01/28 (Call 08/01/23)^(a)		12,853		11,631,965
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)^(b)		9,910		7,890,838
4.75%, 02/01/30 (Call 09/01/24)		10,068		7,762,126
5.00%, 03/01/31 (Call 03/01/26)		10,029		7,599,174
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)^(a)(b)		17,049		12,147,412
5.75%, 01/15/29 (Call 01/15/24)^(a)(b)		15,016		11,161,714


				76,924,135

Real Estate Investment Trusts — 3.5%
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL
4.50%, 04/01/27 (Call 10/01/23)^(a)(b)		12,171		10,070,742
5.75%, 05/15/26 (Call 05/15/23)^(a)(b)		15,548		14,142,266
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)^(b)		8,637		5,441,310
4.75%, 02/15/28 (Call 08/15/27)^(b)		7,825		4,822,156
9.75%, 06/15/25 (Call 06/15/23)		8,133		7,777,181
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)^(a)(b)		17,149		15,176,865
6.00%, 04/15/25 (Call 04/15/24)^(a)(b)		6,409		6,236,059
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)^(a)(b)		18,103		15,790,845
4.88%, 09/15/27 (Call 09/15/23)^(a)(b)		16,506		15,796,759
4.88%, 09/15/29 (Call 09/15/24)^(a)(b)		16,335		14,926,106
5.00%, 07/15/28 (Call 07/15/23)^(a)(b)		8,090		7,614,713
5.25%, 03/15/28 (Call 12/27/23)^(a)(b)		13,326		12,818,779
5.25%, 07/15/30 (Call 07/15/25)^(a)		21,552		19,892,496
5.63%, 07/15/32 (Call 07/15/26)^(a)(b)		9,607		8,763,986
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)^(a)		12,275		10,801,318
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/24)^(a)		10,507		8,957,218
4.75%, 06/15/29 (Call 06/15/24)^(a)		10,479		8,301,202
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/31 (Call 03/15/26)^(b)		21,138		14,393,921
4.63%, 08/01/29 (Call 08/01/24)^(b)		14,642		11,127,309
5.00%, 10/15/27 (Call 09/07/23)^(b)		22,650		19,049,782
5.25%, 08/01/26 (Call 08/01/23)^(b)		8,425		7,517,206
Office Properties Income Trust
3.45%, 10/15/31 (Call 07/15/31)^(b)		6,725		3,462,703
4.50%, 02/01/25 (Call 11/01/24)^(b)		10,946		9,302,275
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)^(a)		12,886		11,189,826
5.88%, 10/01/28 (Call 10/01/23)^(a)(b)		12,193		11,277,172
7.50%, 06/01/25 (Call 06/01/23)^(a)		10,874		10,928,370
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)^(a)(b)		9,635		8,671,380
4.75%, 10/15/27 (Call 10/15/23)^(b)		11,581		10,965,759
RLJ Lodging Trust LP
3.75%, 07/01/26 (Call 07/01/23)^(a)		8,236		7,655,056
4.00%, 09/15/29 (Call 09/15/24)^(a)(b)		8,262		6,929,408
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)^(b)		25,053		21,469,086
3.88%, 02/15/27 (Call 02/15/24)^(b)		24,624		22,931,100


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	$	7,217	$	5,631,485
4.35%, 10/01/24 (Call 09/01/24)		13,527		12,950,412
4.38%, 02/15/30 (Call 08/15/29)^(b)		6,882		5,124,200
4.75%, 10/01/26 (Call 08/01/26)		7,372		6,340,952
4.95%, 02/15/27 (Call 08/15/26)		7,002		5,934,195
4.95%, 10/01/29 (Call 07/01/29)		6,533		4,945,481
5.50%, 12/15/27 (Call 09/15/27)^(b)		7,836		6,891,351
7.50%, 09/15/25 (Call 06/15/25)^(b)		13,241		13,009,282
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)^(a)(b)		6,289		5,437,037
3.75%, 12/31/24 (Call 09/30/24)^(a)(b)		6,617		6,190,204
4.38%, 01/15/27 (Call 07/15/26)^(a)(b)		8,255		7,100,621
4.75%, 03/15/25 (Call 09/15/24)^(b)		7,954		7,510,326
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)^(a)(b)		11,396		6,722,614
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)^(a)(b)		9,204		7,317,180
6.50%, 02/15/29 (Call 02/15/24)^(a)(b)		18,331		11,162,398
10.50%, 02/15/28 (Call 09/15/25)^(a)(b)		43,198		41,092,097
XHR LP
4.88%, 06/01/29 (Call 06/01/24)^(a)(b)		8,470		7,345,952
6.38%, 08/15/25 (Call 08/15/23)^(a)		8,628		8,495,779


				533,401,920

Retail — 4.6%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)^(a)(b)		12,545		11,246,467
3.88%, 01/15/28 (Call 09/15/23)^(a)(b)		26,129		24,486,792
4.00%, 10/15/30 (Call 10/15/25)^(a)		46,234		40,373,392
4.38%, 01/15/28 (Call 11/15/23)^(a)(b)		12,176		11,442,396
5.75%, 04/15/25 (Call 04/15/24)^(a)		7,837		7,872,103
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/24)^(b)		7,005		6,430,882
4.63%, 11/15/29 (Call 11/15/24)^(a)(b)		13,301		11,840,262
4.75%, 03/01/30 (Call 03/01/25)^(b)		7,376		6,533,026
5.00%, 02/15/32 (Call 11/15/26)^(a)(b)		9,709		8,361,876
Bath & Body Works Inc.
5.25%, 02/01/28^(b)		8,308		7,939,696
6.63%, 10/01/30 (Call 10/01/25)^(a)(b)		16,803		16,130,880
7.50%, 06/15/29 (Call 06/15/24)^(b)		7,665		7,815,301
Carvana Co.
4.88%, 09/01/29 (Call 09/01/24)^(a)		14,389		5,850,927
5.50%, 04/15/27 (Call 04/15/24)^(a)(b)		10,215		4,392,450
5.63%, 10/01/25 (Call 10/01/23)^(a)(b)		8,618		5,443,301
5.88%, 10/01/28 (Call 10/01/23)^(a)		9,360		3,925,058
10.25%, 05/01/30 (Call 05/01/27)^(a)(b)		60,040		32,916,930
eG Global Finance PLC
6.75%, 02/07/25 (Call 05/15/23)^(a)		13,177		12,485,208
8.50%, 10/30/25 (Call 10/30/23)^(a)(b)		10,988		10,468,597
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 04/01/24)^(a)(b)		10,868		10,107,240
5.88%, 04/01/29 (Call 04/01/24)^(a)		13,578		11,473,410
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29 (Call 01/15/25)^(a)(b)		16,528		14,442,869
6.75%, 01/15/30 (Call 01/15/25)^(a)(b)		20,618		16,700,580
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)^(a)(b)		8,072		7,368,223
5.63%, 01/01/30 (Call 01/01/25)^(a)(b)		9,485		8,825,497


Security	Par (000)		Value

Retail (continued)
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)^(a)(b)	$	12,016	$	8,508,890
3.88%, 10/01/31 (Call 10/01/26)^(a)(b)		12,527		8,741,466
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 06/01/23)^(a)(b)		9,035		8,896,325
Kohl’s Corp., 4.63%, 05/01/31 (Call 02/01/31)^(b)		8,690		5,909,287
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 01/15/24)^(a)(b)		13,468		10,740,730
LCM Investments Holdings II LLC, 4.88%, 05/01/29 (Call 05/01/24)^(a)(b)		15,691		13,312,558
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)^(a)(b)		13,425		11,615,773
4.38%, 01/15/31 (Call 10/15/25)^(a)(b)		9,129		7,850,940
4.63%, 12/15/27 (Call 12/15/23)^(a)(b)		6,887		6,437,516
Macy’s Retail Holdings LLC
5.88%, 04/01/29 (Call 04/01/24)^(a)(b)		8,592		7,870,530
5.88%, 03/15/30 (Call 03/15/25)^(a)(b)		6,897		6,144,472
6.13%, 03/15/32 (Call 03/15/27)^(a)(b)		6,701		5,893,841
Michaels Companies Inc. (The)
5.25%, 05/01/28 (Call 11/01/23)^(a)(b)		13,961		11,486,692
7.88%, 05/01/29 (Call 04/01/24)^(a)(b)		21,876		14,669,225
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)^(a)(b)		8,104		6,962,349
4.75%, 09/15/29 (Call 09/15/24)		8,418		7,836,653
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 04/01/24)^(a)		18,071		16,860,243
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)^(b)		7,269		5,395,415
4.38%, 04/01/30 (Call 01/01/30)^(b)		8,528		6,681,773
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/23)^(b)		9,525		9,097,847
3.75%, 06/15/29 (Call 06/15/24)^(b)		8,402		7,305,875
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)^(a)		20,028		18,931,667
7.75%, 02/15/29 (Call 02/15/24)^(a)(b)		19,198		18,903,541
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)^(b)		7,408		3,647,551
4.45%, 02/15/25 (Call 11/15/24)^(b)		10,805		7,928,169
4.75%, 02/15/27 (Call 11/15/26)^(b)		9,320		4,712,425
4.85%, 04/01/24^(b)		2,710		2,338,595
Rite Aid Corp.
7.50%, 07/01/25 (Call 07/01/23)^(a)(b)		383		263,313
8.00%, 11/15/26 (Call 01/15/24)^(a)(b)		9,786		5,287,669
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)^(a)(b)		10,943		9,178,441
4.88%, 11/15/31 (Call 11/15/26)^(a)(b)		8,247		6,659,453
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)^(a)		10,236		9,044,456
6.00%, 12/01/29 (Call 12/01/24)^(a)(b)		13,675		11,141,280
6.13%, 07/01/29 (Call 07/01/24)^(a)(b)		7,053		5,851,639
Staples Inc.
7.50%, 04/15/26 (Call 04/15/24)^(a)		33,453		28,257,749
10.75%, 04/15/27 (Call 04/15/24)^(a)(b)		16,137		10,948,451
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)^(a)(b)		10,854		9,476,041
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)^(b)		17,341		15,342,276
4.63%, 01/31/32 (Call 10/01/26)^(b)		18,838		17,589,983
4.75%, 01/15/30 (Call 10/15/29)^(a)		13,458		13,020,615


Security	Par (000)		Value

Retail (continued)
5.38%, 04/01/32 (Call 04/01/27)^(b)	$	16,597	$	16,202,821


				707,817,898

Semiconductors — 0.3%
Entegris Escrow Corp.
4.75%, 04/15/29 (Call 01/15/29)^(a)(b)		26,854		24,974,220
5.95%, 06/15/30 (Call 06/15/25)^(a)(b)		15,179		14,420,050
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)^(a)(b)		6,842		5,858,805
4.38%, 04/15/28 (Call 04/15/24)^(a)(b)		6,050		5,530,582


				50,783,657

Software — 2.2%
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)^(a)		17,588		15,951,217
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)^(a)(b)		14,875		13,373,071
4.88%, 07/01/29 (Call 06/30/24)^(a)(b)		15,400		13,879,250
Cloud Software Group Inc., 9.00%, 09/30/29 (Call 09/30/25)^(b)		27,330		23,461,687
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/23)^(a)		15,762		14,715,376
5.25%, 05/15/26 (Call 02/15/26)^(a)		7,083		7,073,198
Minerva Merger Sub Inc., 6.50%, 02/15/30 (Call 02/15/25)^(a)(b)		38,327		31,558,482
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)^(a)		267		216,756
3.63%, 09/01/30 (Call 03/01/25)^(a)		769		663,982
4.00%, 11/15/29 (Call 11/15/24)^(a)(b)		452		407,916
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/24)^(a)		14,851		13,178,777
3.88%, 12/01/29 (Call 12/01/24)^(a)		13,869		11,649,960
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)^(a)(b)		15,050		12,852,519
4.13%, 12/01/31 (Call 12/01/26)^(a)(b)		10,897		9,036,610
Picard Midco Inc., 6.50%, 03/31/29 (Call 09/30/25)^(a)(b)		65,777		59,199,300
PTC Inc.
3.63%, 02/15/25 (Call 02/15/24)^(a)(b)		8,083		7,798,242
4.00%, 02/15/28 (Call 02/15/24)^(a)		8,464		7,882,185
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 02/15/24)^(a)(b)		7,551		3,133,665
5.38%, 12/01/28 (Call 12/01/23)^(a)(b)		6,473		1,521,155
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)^(a)(b)		16,762		14,163,890
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/24)^(a)		33,080		32,089,668
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)^(b)		9,144		7,806,416
3.88%, 03/15/31 (Call 03/15/26)^(b)		8,839		7,375,527
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 09/01/23)^(a)(b)		29,190		22,038,450


				331,027,299

Telecommunications — 5.4%
Altice France Holding SA
6.00%, 02/15/28 (Call 02/15/24)^(a)(b)		18,299		11,254,800
10.50%, 05/15/27 (Call 05/15/23)^(a)		26,070		19,270,292
Altice France SA, 5.50%, 10/15/29 (Call 10/15/24)^(a)		32,429		24,321,750
Altice France SA/France
5.13%, 01/15/29 (Call 09/15/23)^(a)		7,790		5,799,006
5.13%, 07/15/29 (Call 04/15/24)^(a)		41,640		30,818,180
5.50%, 01/15/28 (Call 09/15/23)^(a)		17,993		14,170,387
8.13%, 02/01/27 (Call 08/01/23)^(a)(b)		29,002		25,910,677


Security	Par (000)		Value

Telecommunications (continued)
British Telecommunications PLC
4.25%, 11/23/81 (Call 11/23/26), (5-year CMT + 2.985%)^(a)(c)	$	8,479	$	7,476,528
4.88%, 11/23/81 (Call 08/23/31), (5-year CMT + 3.493%)^(a)(c)		7,957		6,425,278
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/23)^(a)		20,453		17,946,655
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)^(a)(b)		20,811		16,805,715
6.00%, 03/01/26 (Call 03/01/24)^(a)		25,038		23,921,280
7.13%, 07/01/28 (Call 07/01/23)^(a)(b)		11,510		8,258,425
8.25%, 03/01/27 (Call 03/01/24)^(a)(b)		16,888		13,088,200
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/24)^(a)(b)		12,273		8,437,688
6.00%, 06/15/25 (Call 06/15/23)^(a)(b)		21,803		20,494,820
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/23)^(a)(b)		34,689		33,066,942
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/23)^(a)(b)		6,120		4,482,900
6.50%, 10/01/28 (Call 10/01/23)^(a)(b)		12,167		9,470,706
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)^(a)(b)		26,185		22,977,337
5.88%, 10/15/27 (Call 10/15/23)^(a)(b)		18,947		17,433,135
5.88%, 11/01/29 (Call 11/01/24)^(b)		12,068		9,201,634
6.00%, 01/15/30 (Call 10/15/24)^(a)(b)		16,521		12,638,565
6.75%, 05/01/29 (Call 05/01/24)^(a)(b)		16,825		13,548,331
8.63%, 03/15/31 (Call 03/15/26)^(a)(b)		12,608		12,261,280
8.75%, 05/15/30 (Call 05/15/25)^(a)		19,647		19,425,971
Hughes Satellite Systems Corp.
5.25%, 08/01/26^(b)		12,525		11,978,785
6.63%, 08/01/26^(b)		12,205		11,533,725
Iliad Holding SASU
6.50%, 10/15/26 (Call 10/15/23)^(a)		20,031		19,279,838
7.00%, 10/15/28 (Call 10/15/24)^(a)		15,127		14,348,748
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)^(a)(b)		49,396		45,732,397
Level 3 Financing Inc.
3.40%, 03/01/27 (Call 01/01/27)^(a)		11,827		9,225,060
3.63%, 01/15/29 (Call 01/15/24)^(a)(b)		13,084		7,358,311
3.75%, 07/15/29 (Call 01/15/24)^(a)		13,823		7,775,438
3.88%, 11/15/29 (Call 08/15/29)^(a)(b)		12,159		8,876,070
4.25%, 07/01/28 (Call 07/01/23)^(a)		19,358		11,276,035
4.63%, 09/15/27 (Call 09/15/23)^(a)(b)		15,817		9,770,952
10.50%, 05/15/30 (Call 05/15/26)^(a)(b)		13,510		12,935,825
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/24)^(a)(b)		20,321		13,513,465
4.50%, 01/15/29 (Call 01/15/24)^(a)(b)		6,459		2,745,075
5.38%, 06/15/29 (Call 06/15/24)^(a)		200		88,649
Rogers Communications Inc., 5.25%, 03/15/82 (Call 03/15/27), (5-year CMT + 3.590%)^(a)(c)		2,632		2,379,933
Sprint LLC
7.13%, 06/15/24^(b)		19,513		19,830,086
7.63%, 02/15/25 (Call 11/15/24)^(b)		7,534		7,767,177
7.63%, 03/01/26 (Call 11/01/25)^(b)		16,815		17,794,978
Telecom Italia SpA/Milano, 5.30%, 05/30/24^(a)		20,494		20,071,557
Telesat Canada/Telesat LLC
4.88%, 06/01/27 (Call 12/01/23)^(a)(b)		6,594		3,559,009
5.63%, 12/06/26 (Call 12/06/23)^(a)(b)		8,462		4,730,434
6.50%, 10/15/27 (Call 10/15/23)^(a)(b)		199		71,500


Security	Par (000)		Value


Telecommunications (continued)
ViaSat Inc.
5.63%, 09/15/25 (Call 05/09/23)^(a)(b)	$	11,390	$	10,879,038
5.63%, 04/15/27 (Call 04/15/24)^(a)		10,017		9,290,768
6.50%, 07/15/28 (Call 06/17/23)^(a)(b)		6,290		4,973,440
Vmed O2 UK Financing I PLC
4.25%, 01/31/31 (Call 01/31/26)^(a)		22,505		18,647,774
4.75%, 07/15/31 (Call 07/15/26)^(a)		23,126		19,667,756
Vodafone Group PLC
3.25%, 06/04/81 (Call 06/04/26), (5-year CMT + 2.447%)^(b)(c)		7,522		6,651,923
4.13%, 06/04/81 (Call 04/04/31), (5-year CMT + 2.767%)^(b)(c)		16,033		12,901,539
7.00%, 04/04/79 (Call 01/04/29), (5-year USD Swap + 4.873%)^(c)		30,800		31,342,098
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)^(a)(b)		22,778		18,822,220
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 05/30/23)^(a)(b)		24,174		18,370,729
6.13%, 03/01/28 (Call 03/01/24)^(a)(b)		17,657		11,300,480


				834,397,294

Toys, Games & Hobbies — 0.2%
Mattel Inc.
3.38%, 04/01/26 (Call 04/01/24)^(a)(b)		9,926		9,380,070
3.75%, 04/01/29 (Call 04/01/24)^(a)(b)		9,916		8,949,190
5.88%, 12/15/27 (Call 12/15/23)^(a)(b)		7,538		7,576,632


				25,905,892

Trucking & Leasing — 0.3%
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25), (3-mo. LIBOR US + 4.300%)^(a)(b)(c)		8,239		7,794,725
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)^(a)(b)		16,604		15,234,170
6.50%, 10/01/25 (Call 10/01/23)^(a)		10,789		10,657,412
9.75%, 08/01/27 (Call 08/01/23)^(a)(b)		7,101		7,412,409


				41,098,716


Total Long-Term Investments — 98.1% (Cost: $16,599,914,131)				15,053,148,039


Security	Shares (000)		Value


Short-Term Securities

Money Market Funds — 19.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.02%^(f)(g)(h)		2,892,010	$	2,892,878,079
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(f)(g)		37,900		37,900,000


Total Short-Term Securities — 19.1% (Cost: $2,929,559,235)				2,930,778,079


Total Investments — 117.2% (Cost: $19,529,473,366)				17,983,926,118

Liabilities in Excess of Other Assets — (17.2)%				(2,641,114,416	)


Net Assets — 100.0%			$	15,342,811,702

^(a)	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.

^(b)	All or a portion of this security is on loan.

^(c)	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.

^(d)	Perpetual security with no stated maturity date.

^(e)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)	Affiliate of the Fund.

^(g)	Annualized 7-day yield as of period end.

^(h)	All or a portion of this security was purchased with the cash collateral from loaned securities.

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based

on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.


Security	Par (000)		Value

Corporate Bonds & Notes

Advertising — 0.0%
Omnicom Group Inc., 2.60%, 08/01/31 (Call 05/01/31)^(a)	$	2,787	$	2,380,172
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26)		2,153		2,094,585


				4,474,757

Aerospace & Defense — 2.3%
Boeing Co. (The)
2.70%, 02/01/27 (Call 12/01/26)^(a)		9,784		9,075,282
2.95%, 02/01/30 (Call 11/01/29)^(a)		8,813		7,822,336
3.20%, 03/01/29 (Call 12/01/28)^(a)		10,849		9,932,019
3.25%, 02/01/28 (Call 12/01/27)		13,434		12,529,788
3.25%, 02/01/35 (Call 11/01/34)^(a)		8,128		6,638,080
3.60%, 05/01/34 (Call 02/01/34)^(a)		7,715		6,637,431
3.63%, 02/01/31 (Call 11/01/30)		14,743		13,496,481
3.75%, 02/01/50 (Call 08/01/49)^(a)		15,385		11,563,880
3.90%, 05/01/49 (Call 11/01/48)^(a)		10,086		7,663,422
3.95%, 08/01/59 (Call 02/01/59)^(a)		7,591		5,590,359
5.04%, 05/01/27 (Call 03/01/27)^(a)		18,552		18,636,085
5.15%, 05/01/30 (Call 02/01/30)		47,279		47,574,508
5.71%, 05/01/40 (Call 11/01/39)		32,091		32,148,404
5.81%, 05/01/50 (Call 11/01/49)		59,157		59,022,660
5.93%, 05/01/60 (Call 11/01/59)		36,523		36,184,903
General Dynamics Corp.
3.50%, 04/01/27 (Call 02/01/27)		7,000		6,799,627
3.63%, 04/01/30 (Call 01/01/30)^(a)		13,108		12,606,652
3.75%, 05/15/28 (Call 02/15/28)		13,049		12,800,594
4.25%, 04/01/40 (Call 10/01/39)		5,327		4,969,263
4.25%, 04/01/50 (Call 10/01/49)		6,019		5,625,026
L3Harris Technologies Inc., 4.40%, 06/15/28 (Call 03/15/28)^(a)		20,364		20,192,248
Lockheed Martin Corp.
2.80%, 06/15/50 (Call 12/15/49)^(a)		4,803		3,495,911
3.80%, 03/01/45 (Call 09/01/44)		10,020		8,700,135
3.90%, 06/15/32 (Call 03/15/32)^(a)		8,561		8,297,981
4.07%, 12/15/42		15,553		14,292,546
4.09%, 09/15/52 (Call 03/15/52)		15,427		13,894,929
4.15%, 06/15/53 (Call 12/15/52)^(a)		11,424		10,326,344
4.70%, 05/15/46 (Call 11/15/45)^(a)		12,429		12,293,023
5.10%, 11/15/27 (Call 10/15/27)^(a)		7,193		7,483,736
5.25%, 01/15/33 (Call 10/15/32)^(a)		10,799		11,525,660
5.70%, 11/15/54 (Call 05/15/54)^(a)		12,273		13,937,399
5.90%, 11/15/63 (Call 05/15/63)^(a)		6,172		7,202,425
Northrop Grumman Corp.
3.20%, 02/01/27 (Call 11/01/26)^(a)		5,839		5,615,194
3.25%, 01/15/28 (Call 10/15/27)		22,916		21,818,278
4.03%, 10/15/47 (Call 04/15/47)^(a)		23,725		20,454,812
4.40%, 05/01/30 (Call 02/01/30)^(a)		9,667		9,653,972
4.70%, 03/15/33 (Call 12/15/32)^(a)		10,551		10,618,228
4.75%, 06/01/43		7,439		7,084,686
4.95%, 03/15/53 (Call 09/15/52)^(a)		11,162		11,044,574
5.25%, 05/01/50 (Call 11/01/49)^(a)		10,253		10,581,339
Raytheon Technologies Corp.
1.90%, 09/01/31 (Call 06/01/31)		17,555		14,377,208
2.25%, 07/01/30 (Call 04/01/30)^(a)		8,153		7,040,255
2.38%, 03/15/32 (Call 12/15/31)^(a)		12,764		10,744,504
2.82%, 09/01/51 (Call 03/01/51)^(a)		14,231		9,820,294
3.03%, 03/15/52 (Call 09/15/51)		11,894		8,545,626
3.13%, 05/04/27 (Call 02/04/27)^(a)		11,086		10,583,397


Security	Par (000)		Value

Aerospace & Defense (continued)
3.13%, 07/01/50 (Call 01/01/50)^(a)	$	10,754	$	7,931,860
3.50%, 03/15/27 (Call 12/15/26)		11,228		10,889,310
3.75%, 11/01/46 (Call 05/01/46)^(a)		12,523		10,366,583
4.13%, 11/16/28 (Call 08/16/28)		31,388		30,958,775
4.15%, 05/15/45 (Call 11/16/44)		10,104		8,862,158
4.35%, 04/15/47 (Call 10/15/46)^(a)		11,247		10,223,532
4.45%, 11/16/38 (Call 05/16/38)^(a)		8,660		8,219,926
4.50%, 06/01/42		39,218		37,063,771
4.63%, 11/16/48 (Call 05/16/48)^(a)		18,505		17,580,784
5.15%, 02/27/33 (Call 11/27/32)		12,470		12,977,761
5.38%, 02/27/53 (Call 08/27/52)		12,433		13,077,427


				785,093,391

Agriculture — 1.6%
Altria Group Inc.
2.45%, 02/04/32 (Call 11/04/31)		15,831		12,581,203
3.40%, 05/06/30 (Call 02/06/30)		6,396		5,716,384
3.40%, 02/04/41 (Call 08/04/40)^(a)		14,743		10,386,787
3.70%, 02/04/51 (Call 08/04/50)		12,746		8,535,481
3.88%, 09/16/46 (Call 03/16/46)^(a)		15,634		11,225,420
4.00%, 02/04/61 (Call 08/04/60)^(a)		9,629		6,781,949
4.25%, 08/09/42^(a)		11,387		9,007,316
4.80%, 02/14/29 (Call 11/14/28)^(a)		17,083		16,966,943
5.38%, 01/31/44^(a)		17,748		16,225,752
5.80%, 02/14/39 (Call 08/14/38)		20,525		20,268,825
5.95%, 02/14/49 (Call 08/14/48)^(a)		25,628		24,135,771
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)^(a)		3,223		3,061,061
2.70%, 09/15/51 (Call 03/15/51)^(a)		1,463		1,021,617
2.90%, 03/01/32 (Call 12/01/31)^(a)		9,213		8,215,177
3.25%, 03/27/30 (Call 12/27/29)		9,955		9,343,819
BAT Capital Corp.
2.26%, 03/25/28 (Call 01/25/28)		19,945		17,325,298
2.73%, 03/25/31 (Call 12/25/30)^(a)		14,660		11,886,287
3.22%, 09/06/26 (Call 07/06/26)		10,045		9,502,640
3.56%, 08/15/27 (Call 05/15/27)		39,658		37,150,702
3.73%, 09/25/40 (Call 03/25/40)^(a)		6,575		4,723,702
3.98%, 09/25/50 (Call 03/25/50)^(a)		9,836		6,759,953
4.39%, 08/15/37 (Call 02/15/37)		24,134		19,687,844
4.54%, 08/15/47 (Call 02/15/47)		26,268		19,639,063
4.70%, 04/02/27 (Call 02/02/27)^(a)		10,778		10,654,958
4.74%, 03/16/32 (Call 12/16/31)^(a)		10,245		9,561,577
4.76%, 09/06/49 (Call 03/06/49)		8,950		6,834,923
4.91%, 04/02/30 (Call 01/02/30)		9,817		9,481,382
BAT International Finance PLC, 4.45%, 03/16/28 (Call 02/16/28)^(a)		12,201		11,724,401
Bunge Ltd. Finance Corp., 2.75%, 05/14/31 (Call 02/14/31)^(a)		10,961		9,403,738
Philip Morris International Inc.
0.88%, 05/01/26 (Call 04/01/26)		1,188		1,071,949
1.75%, 11/01/30 (Call 08/01/30)^(a)		9,374		7,571,557
2.10%, 05/01/30 (Call 02/01/30)^(a)		11,518		9,650,306
3.38%, 08/15/29 (Call 05/15/29)^(a)		15,403		14,311,431
3.88%, 08/21/42^(a)		11,706		9,387,641
4.13%, 03/04/43		7,080		5,837,143
4.25%, 11/10/44		8,728		7,298,506
4.38%, 11/15/41		10,308		8,897,456
4.88%, 02/15/28 (Call 01/15/28)^(a)		7,511		7,574,154
4.88%, 11/15/43^(a)		5,362		4,905,021
5.13%, 11/17/27 (Call 10/17/27)		12,777		13,088,103
5.13%, 02/15/30 (Call 12/15/29)^(a)		21,413		21,659,063


Security	Par (000)		Value

Agriculture (continued)
5.38%, 02/15/33 (Call 11/15/32)	$	17,724	$	18,067,224
5.63%, 11/17/29 (Call 09/17/29)		12,534		13,102,280
5.75%, 11/17/32 (Call 08/17/32)^(a)		14,778		15,518,461
6.38%, 05/16/38		16,357		18,084,211
Reynolds American Inc.
5.70%, 08/15/35 (Call 02/15/35)		6,165		5,887,153
5.85%, 08/15/45 (Call 02/12/45)^(a)		24,708		22,361,239


				552,082,871

Airlines — 0.1%
Southwest Airlines Co., 5.13%, 06/15/27 (Call 04/15/27)^(a)		21,705		21,885,141


Apparel — 0.2%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)^(a)		9,024		8,521,030
2.75%, 03/27/27 (Call 01/27/27)		8,045		7,681,491
2.85%, 03/27/30 (Call 12/27/29)^(a)		14,971		13,852,108
3.25%, 03/27/40 (Call 09/27/39)		9,038		7,630,421
3.38%, 03/27/50 (Call 09/27/49)^(a)		14,826		12,239,640
3.88%, 11/01/45 (Call 05/01/45)^(a)		8,564		7,717,849
VF Corp., 2.95%, 04/23/30 (Call 01/23/30)^(a)		12,369		10,522,241


				68,164,780

Auto Manufacturers — 1.3%
American Honda Finance Corp.
1.30%, 09/09/26		2,758		2,498,837
2.00%, 03/24/28^(a)		7,196		6,468,600
Cummins Inc., 1.50%, 09/01/30 (Call 06/01/30)^(a)		6,110		5,046,399
General Motors Co.
4.20%, 10/01/27 (Call 07/01/27)^(a)		10,391		9,978,523
5.00%, 10/01/28 (Call 07/01/28)^(a)		11,227		11,112,379
5.00%, 04/01/35^(a)		6,819		6,231,309
5.15%, 04/01/38 (Call 10/01/37)		8,346		7,479,178
5.20%, 04/01/45		13,247		11,208,621
5.40%, 10/15/29 (Call 08/15/29)^(a)		11,919		11,786,160
5.40%, 04/01/48 (Call 10/01/47)^(a)		6,990		5,998,072
5.60%, 10/15/32 (Call 07/15/32)^(a)		16,029		15,702,913
5.95%, 04/01/49 (Call 10/01/48)^(a)		10,006		9,280,515
6.25%, 10/02/43^(a)		15,170		14,665,105
6.60%, 04/01/36 (Call 10/01/35)		10,745		11,027,957
6.75%, 04/01/46 (Call 10/01/45)^(a)		6,791		6,866,276
6.80%, 10/01/27 (Call 08/01/27)		12,036		12,725,252
General Motors Financial Co. Inc.
1.50%, 06/10/26 (Call 05/10/26)		13,179		11,786,550
2.35%, 02/26/27 (Call 01/26/27)		11,418		10,265,539
2.35%, 01/08/31 (Call 10/08/30)		5,337		4,218,638
2.40%, 04/10/28 (Call 02/10/28)^(a)		14,109		12,299,545
2.40%, 10/15/28 (Call 08/15/28)^(a)		13,079		11,233,747
2.70%, 08/20/27 (Call 06/20/27)		11,355		10,181,818
2.70%, 06/10/31 (Call 03/10/31)^(a)		13,351		10,689,354
3.10%, 01/12/32 (Call 10/12/31)^(a)		15,170		12,389,662
3.60%, 06/21/30 (Call 03/21/30)^(a)		13,676		11,988,376
4.00%, 10/06/26 (Call 07/06/26)^(a)		9,365		8,975,069
4.30%, 04/06/29 (Call 02/06/29)		12,567		11,719,631
4.35%, 01/17/27 (Call 10/17/26)		11,023		10,674,093
5.00%, 04/09/27 (Call 03/09/27)		14,239		14,067,406
5.85%, 04/06/30 (Call 02/06/30)^(a)		2,906		2,905,046
6.00%, 01/09/28 (Call 12/09/27)		10,911		11,139,896
Honda Motor Co. Ltd.
2.53%, 03/10/27 (Call 02/10/27)^(a)		13,001		12,215,448
2.97%, 03/10/32 (Call 12/10/31)^(a)		11,629		10,518,910


Security	Par (000)		Value

Auto Manufacturers (continued)
Mercedes-Benz Finance North America LLC, 8.50%, 01/18/31^(a)	$	19,249	$	24,512,620
Toyota Motor Credit Corp.
1.13%, 06/18/26^(a)		7,057		6,402,862
1.90%, 01/13/27^(a)		7,437		6,840,069
1.90%, 04/06/28^(a)		9,962		8,910,174
2.15%, 02/13/30^(a)		10,330		9,085,198
3.05%, 03/22/27^(a)		15,796		15,080,978
3.20%, 01/11/27^(a)		7,738		7,459,569
3.38%, 04/01/30^(a)		9,141		8,621,595
4.45%, 06/29/29^(a)		7,596		7,714,252
4.55%, 09/20/27		12,759		12,896,289
4.63%, 01/12/28^(a)		11,387		11,588,880


				444,457,310

Auto Parts & Equipment — 0.1%
Aptiv PLC, 3.10%, 12/01/51 (Call 06/01/51)		13,661		8,658,616
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)^(a)		9,351		8,177,558
4.15%, 05/01/52 (Call 11/01/51)^(a)		8,863		6,864,488
BorgWarner Inc., 2.65%, 07/01/27 (Call 05/01/27)^(a)		4,876		4,522,141
Magna International Inc., 2.45%, 06/15/30 (Call 03/15/30)^(a)		6,074		5,228,592


				33,451,395

Banks — 24.0%
Banco Bilbao Vizcaya Argentaria SA, 6.13%, 09/14/28 (Call 09/14/27), (1-year CMT + 2.700%)^(a)(b)		2,627		2,690,260
Banco Santander SA
1.72%, 09/14/27 (Call 09/14/26), (1-year CMT + 0.900%)^(a)(b)		21,165		18,614,355
2.75%, 12/03/30		14,925		11,811,173
2.96%, 03/25/31^(a)		5,139		4,315,267
3.31%, 06/27/29^(a)		6,647		6,067,843
3.49%, 05/28/30^(a)		7,051		6,286,445
3.80%, 02/23/28^(a)		13,229		12,345,713
4.18%, 03/24/28 (Call 03/24/27), (1-year CMT + 2.000%)^(b)		20,999		19,965,874
4.25%, 04/11/27		13,043		12,537,140
4.38%, 04/12/28		14,255		13,642,066
5.29%, 08/18/27		20,167		20,083,295
Bank of America Corp.
1.73%, 07/22/27 (Call 07/22/26), (1-day SOFR + 0.960%)^(b)		49,909		44,766,961
1.90%, 07/23/31 (Call 07/23/30), (1-day SOFR + 1.530%)^(b)		24,280		19,499,338
1.92%, 10/24/31 (Call 10/24/30), (1-day SOFR + 1.370%)^(b)		22,197		17,718,065
2.09%, 06/14/29 (Call 06/14/28), (1-day SOFR + 1.060%)^(b)		25,994		22,463,271
2.30%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.220%)^(b)		31,995		25,809,976
2.50%, 02/13/31 (Call 02/13/30), (3-mo. LIBOR US + 0.990%)^(b)		29,695		25,074,604
2.55%, 02/04/28 (Call 02/04/27), (1-day SOFR + 1.050%)^(b)		19,597		17,892,445
2.57%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.210%)^(b)		27,831		22,850,484
2.59%, 04/29/31 (Call 04/29/30), (1-day SOFR + 2.150%)^(b)		26,731		22,688,570


Security	Par (000)		Value

Banks (continued)
2.68%, 06/19/41 (Call 06/19/40), (1-day SOFR + 1.930%)^(b)	$	45,451	$	32,259,829
2.69%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.320%)^(b)		38,468		32,199,366
2.83%, 10/24/51 (Call 10/24/50), (1-day SOFR + 1.880%)^(b)		8,157		5,422,448
2.88%, 10/22/30 (Call 10/22/29), (3-mo. LIBOR US + 1.190%)^(b)		17,972		15,664,722
2.97%, 02/04/33 (Call 02/04/32), (1-day SOFR + 1.330%)^(b)		33,318		28,107,571
2.97%, 07/21/52 (Call 07/21/51), (1-day SOFR + 1.560%)^(a)(b)		17,677		12,068,724
3.19%, 07/23/30 (Call 07/23/29), (3-mo. LIBOR US + 1.180%)^(b)		21,413		19,087,844
3.25%, 10/21/27 (Call 10/21/26)^(a)		22,388		21,134,901
3.31%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.580%)^(b)		29,769		23,019,796
3.42%, 12/20/28 (Call 12/20/27), (3-mo. LIBOR US + 1.040%)^(b)		52,750		48,982,632
3.50%, 04/19/26		17,790		17,274,896
3.56%, 04/23/27 (Call 04/23/26), (3-mo. LIBOR US + 1.060%)^(b)		24,793		23,651,984
3.59%, 07/21/28 (Call 07/21/27), (3-mo. LIBOR US + 1.370%)^(b)		17,276		16,268,954
3.71%, 04/24/28 (Call 04/24/27), (3-mo. LIBOR US + 1.512%)^(b)		17,001		16,132,133
3.82%, 01/20/28 (Call 01/20/27), (3-mo. LIBOR US + 1.575%)^(b)		21,512		20,597,028
3.95%, 01/23/49 (Call 01/23/48), (3-mo. LIBOR US + 1.19%)^(b)		11,133		9,105,504
3.97%, 03/05/29 (Call 03/05/28), (3-mo. LIBOR US + 1.070%)^(b)		22,029		20,912,597
3.97%, 02/07/30 (Call 02/07/29), (3-mo. SOFR + 1.210%)^(a)(b)		25,950		24,325,182
4.08%, 04/23/40 (Call 04/23/39), (3-mo. LIBOR US + 1.32%)^(b)		13,852		11,996,860
4.08%, 03/20/51 (Call 03/20/50), (3-mo. LIBOR US + 3.15%)^(b)		45,543		38,080,497
4.24%, 04/24/38 (Call 04/24/37), (3-mo. LIBOR US + 1.814%)^(b)		14,773		13,264,257
4.25%, 10/22/26		18,860		18,332,378
4.27%, 07/23/29 (Call 07/23/28), (3-mo. LIBOR US + 1.310%)^(b)		25,911		24,841,878
4.33%, 03/15/50 (Call 03/15/49), (3-mo. LIBOR US + 1.520%)^(b)		24,076		20,697,598
4.38%, 04/27/28 (Call 04/27/27), (1-day SOFR + 1.580%)^(b)		19,740		19,164,881
4.44%, 01/20/48 (Call 01/20/47), (3-mo. LIBOR US + 1.990%)^(b)		18,132		16,139,534
4.57%, 04/27/33 (Call 04/27/32), (1-day SOFR + 1.830%)^(b)		34,025		32,474,964
4.95%, 07/22/28 (Call 07/22/27), (1-day SOFR + 2.040%)^(b)		25,659		25,575,962
5.00%, 01/21/44		18,027		17,577,313
5.02%, 07/22/33 (Call 07/22/32), (1-day SOFR + 2.160%)^(a)(b)		42,283		41,665,516
5.20%, 04/25/29 (Call 04/25/28), (1-day SOFR + 1.630%)^(b)		29,137		29,293,489
5.29%, 04/25/34 (Call 04/25/33)		38,633		38,837,620
5.88%, 02/07/42		13,812		14,817,603


Security	Par (000)		Value

Banks (continued)
6.11%, 01/29/37	$	16,435	$	17,602,293
6.20%, 11/10/28 (Call 11/10/27), (1-day SOFR + 1.990%)^(b)		17,080		17,747,929
7.75%, 05/14/38		15,611		18,908,983
Series L, 4.18%, 11/25/27 (Call 11/25/26)^(a)		17,713		17,109,968
Series N, 2.65%, 03/11/32 (Call 03/11/31), (1-day SOFR + 1.220%)^(b)		17,677		14,731,252
Series N, 3.48%, 03/13/52 (Call 03/11/51), (1-day SOFR + 1.650%)^(b)		8,197		6,172,601
Bank of America NA, 6.00%, 10/15/36^(a)		11,763		12,761,770
Bank of Montreal
1.25%, 09/15/26		6,546		5,828,573
2.65%, 03/08/27^(a)		10,470		9,740,440
5.20%, 02/01/28 (Call 01/01/28)		15,651		15,913,089
Series H, 4.70%, 09/14/27 (Call 08/14/27)^(a)		12,155		12,130,271
Bank of New York Mellon Corp. (The)
2.05%, 01/26/27 (Call 12/26/26)^(a)		7,376		6,721,120
2.45%, 08/17/26 (Call 05/17/26)		2,369		2,216,111
2.80%, 05/04/26 (Call 02/04/26)		578		551,515
3.25%, 05/16/27 (Call 02/16/27)		6,351		6,059,453
3.30%, 08/23/29 (Call 05/23/29)		2,325		2,155,164
3.40%, 01/29/28 (Call 10/29/27)^(a)		6,316		6,023,341
3.85%, 04/28/28		6,094		5,932,268
4.97%, 04/26/34 (Call 04/26/33)		10,920		11,001,527
Bank of Nova Scotia (The)
1.30%, 09/15/26^(a)		3,202		2,854,045
1.35%, 06/24/26		3,501		3,147,823
1.95%, 02/02/27^(a)		6,142		5,595,142
2.45%, 02/02/32^(a)		8,171		6,839,702
2.70%, 08/03/26^(a)		7,786		7,292,441
4.85%, 02/01/30		17,831		17,755,591
Barclays PLC
2.28%, 11/24/27 (Call 11/24/26), (1-year CMT + 1.050%)^(b)		22,199		19,873,939
2.65%, 06/24/31 (Call 06/24/30), (1-year CMT + 1.900%)^(b)		7,624		6,191,034
2.67%, 03/10/32 (Call 03/10/31), (1-year CMT + 1.200%)^(b)		14,227		11,410,358
2.89%, 11/24/32 (Call 11/24/31), (1-year CMT + 1.300%)^(b)		16,766		13,429,755
3.33%, 11/24/42 (Call 11/24/41), (1-year CMT + 1.300%)^(b)		12,481		8,947,599
4.34%, 01/10/28 (Call 01/10/27)^(a)		18,348		17,679,415
4.84%, 05/09/28 (Call 05/07/27)		19,891		18,913,399
4.95%, 01/10/47^(a)		13,596		12,339,190
4.97%, 05/16/29 (Call 05/16/28), (3-mo. LIBOR US + 1.902%)^(b)		16,393		15,858,049
5.20%, 05/12/26		13,292		12,979,362
5.25%, 08/17/45^(a)		14,878		14,093,473
5.50%, 08/09/28 (Call 08/09/27), (1-year CMT + 2.650%)^(a)(b)		19,949		19,902,144
5.75%, 08/09/33 (Call 08/09/32), (1-year CMT + 3.000%)^(b)		11,356		11,186,935
7.39%, 11/02/28 (Call 11/02/27), (1-year CMT + 3.300%)^(a)(b)		17,308		18,440,644
7.44%, 11/02/33 (Call 11/02/32), (1-year CMT + 3.500%)^(a)(b)		23,440		25,797,091
Canadian Imperial Bank of Commerce
1.25%, 06/22/26 (Call 05/22/26)		528		474,082
3.45%, 04/07/27		8,365		7,991,662


Security	Par (000)		Value

Banks (continued)
3.60%, 04/07/32 (Call 03/07/32)^(a)	$	6,759	$	6,237,790
5.00%, 04/28/28		7,060		7,086,832
Citigroup Inc.
1.46%, 06/09/27 (Call 06/09/26), (1-day SOFR + 0.770%)^(b)		32,630		29,309,584
2.52%, 11/03/32 (Call 11/03/31), (1-day SOFR + 1.177%)^(b)		15,030		12,304,003
2.56%, 05/01/32 (Call 05/01/31), (1-day SOFR + 1.167%)^(b)		30,989		25,746,089
2.57%, 06/03/31 (Call 06/03/30), (1-day SOFR + 2.107%)^(b)		37,196		31,538,399
2.67%, 01/29/31 (Call 01/29/30), (1-day SOFR + 1.146%)^(a)(b)		25,613		21,953,671
2.90%, 11/03/42 (Call 11/03/41), (1-day SOFR + 1.379%)^(b)		13,257		9,564,979
2.98%, 11/05/30 (Call 11/05/29), (1-day SOFR + 1.422%)^(a)(b)		23,955		21,039,097
3.06%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.351%)^(b)		32,887		28,022,934
3.07%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.280%)^(b)		26,818		25,063,953
3.20%, 10/21/26 (Call 07/21/26)		35,085		33,292,241
3.40%, 05/01/26		8,624		8,306,170
3.52%, 10/27/28 (Call 10/27/27), (3-mo. SOFR + 1.412%)^(b)		23,945		22,484,542
3.67%, 07/24/28 (Call 07/24/27), (3-mo. SOFR + 1.652%)^(b)		28,407		26,843,197
3.79%, 03/17/33 (Call 03/17/32), (1-day SOFR + 1.939%)^(b)		32,453		29,206,025
3.88%, 01/24/39 (Call 01/22/38), (3-mo. SOFR + 1.430%)^(b)		4,435		3,814,889
3.89%, 01/10/28 (Call 01/10/27), (3-mo. SOFR + 1.825%)^(b)		28,689		27,609,223
3.98%, 03/20/30 (Call 03/20/29), (3-mo. SOFR + 1.600%)^(b)		27,380		25,692,456
4.08%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.454%)^(b)		23,469		22,411,174
4.13%, 07/25/28^(a)		22,508		21,484,246
4.28%, 04/24/48 (Call 04/24/47), (3-mo. SOFR + 2.101%)^(b)		10,564		9,269,514
4.30%, 11/20/26		13,194		12,887,868
4.41%, 03/31/31 (Call 03/31/30), (1-day SOFR + 3.914%)^(b)		43,577		41,693,567
4.45%, 09/29/27		35,376		34,555,210
4.65%, 07/30/45		10,737		9,856,924
4.65%, 07/23/48 (Call 06/23/48)^(a)		25,502		23,617,548
4.66%, 05/24/28 (Call 05/24/27), (1-day SOFR + 1.887%)^(a)(b)		18,671		18,521,027
4.75%, 05/18/46		19,863		17,431,179
4.91%, 05/24/33 (Call 05/24/32), (1-day SOFR + 2.086%)^(b)		26,990		26,410,193
5.30%, 05/06/44		9,287		8,819,964
5.32%, 03/26/41 (Call 03/26/40), (1-day SOFR + 4.548%)^(a)(b)		14,057		13,906,516
5.88%, 01/30/42		9,861		10,522,845
6.27%, 11/17/33 (Call 11/17/32), (1-day SOFR + 2.338%)^(a)(b)		28,933		31,314,102
6.63%, 06/15/32^(a)		10,045		10,859,049
6.68%, 09/13/43		10,556		11,782,178
8.13%, 07/15/39		21,331		27,672,853


Security	Par (000)		Value

Banks (continued)
Citizens Bank NA, 4.58%, 08/09/28 (Call 08/09/27), (1-day SOFR + 2.000%)^(a)(b)	$	6,015	$	5,613,004
Citizens Financial Group Inc., 3.25%, 04/30/30 (Call 01/30/30)^(a)		2,403		2,044,748
Cooperatieve Rabobank UA
3.75%, 07/21/26		7,711		7,259,590
5.25%, 05/24/41		22,084		23,563,535
5.25%, 08/04/45^(a)		7,592		7,208,014
5.75%, 12/01/43^(a)		10,124		10,279,428
Credit Suisse AG/New York NY
1.25%, 08/07/26^(a)		18,630		15,782,671
5.00%, 07/09/27^(a)		12,555		12,098,626
7.50%, 02/15/28^(a)		12,249		13,027,248
Credit Suisse Group AG
4.55%, 04/17/26		18,910		17,625,444
4.88%, 05/15/45^(a)		17,211		14,686,146
Deutsche Bank AG/New York NY 1.69%, 03/19/26		1,778		1,600,432
2.31%, 11/16/27 (Call 11/16/26), (1-day SOFR + 1.219%)^(b)		17,833		15,480,444
2.55%, 01/07/28 (Call 01/07/27), (1-day SOFR + 1.318%)^(b)		13,140		11,431,374
3.04%, 05/28/32 (Call 05/28/31), (1-day SOFR + 1.718%)^(b)		8,758		7,024,718
3.55%, 09/18/31 (Call 09/18/30), (1-day SOFR + 3.043%)^(b)		14,332		12,019,582
6.72%, 01/18/29 (Call 01/18/28), (1-day SOFR + 3.180%)^(a)(b)		14,794		15,026,241
Discover Bank
3.45%, 07/27/26 (Call 04/27/26)		4,094		3,796,373
4.65%, 09/13/28 (Call 06/13/28)^(a)		8,774		8,381,588
Fifth Third Bancorp.
2.55%, 05/05/27 (Call 04/05/27)		1,875		1,667,571
4.77%, 07/28/30 (Call 07/28/29), (1-day SOFR + 2.127%)^(b)		12,231		11,650,113
6.36%, 10/27/28 (Call 10/27/27), (1-day SOFR + 2.192%)^(b)		6,386		6,556,135
8.25%, 03/01/38		12,556		14,496,603
Goldman Sachs Capital I, 6.35%, 02/15/34^(a)		6,092		6,257,180
Goldman Sachs Group Inc. (The)
1.54%, 09/10/27 (Call 09/10/26), (1-day SOFR + 0.818%)^(b)		30,735		27,247,051
1.95%, 10/21/27 (Call 10/21/26), (1-day SOFR + 0.913%)^(b)		46,907		42,077,995
1.99%, 01/27/32 (Call 01/27/31), (1-day SOFR + 1.090%)^(b)		28,088		22,482,854
2.38%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.248%)^(b)		43,038		35,153,370
2.60%, 02/07/30 (Call 11/07/29)		20,537		17,737,470
2.62%, 04/22/32 (Call 04/22/31), (1-day SOFR + 1.281%)^(b)		40,705		34,015,597
2.64%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.114%)^(b)		33,141		30,362,001
2.65%, 10/21/32 (Call 10/21/31), (1-day SOFR + 1.264%)^(b)		31,322		26,019,420
2.91%, 07/21/42 (Call 07/21/41), (1-day SOFR + 1.472%)^(a)(b)		15,723		11,258,743
3.10%, 02/24/33 (Call 02/24/32), (1-day SOFR + 1.410%)^(a)(b)		38,147		32,841,244


Security	Par (000)		Value

Banks (continued)
3.21%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.513%)^(b)	$	23,352	$	17,597,432
3.44%, 02/24/43 (Call 02/24/42), (1-day SOFR + 1.632%)^(b)		21,475		16,631,943
3.50%, 11/16/26 (Call 11/16/25)		31,168		29,734,107
3.62%, 03/15/28 (Call 03/15/27), (1-day SOFR + 1.846%)^(b)		35,178		33,497,413
3.69%, 06/05/28 (Call 06/05/27), (3-mo. SOFR + 1.510%)^(b)		27,502		26,161,830
3.80%, 03/15/30 (Call 12/15/29)^(a)		29,253		27,388,466
3.81%, 04/23/29 (Call 04/23/28), (3-mo. SOFR + 1.158%)^(b)		26,854		25,250,851
3.85%, 01/26/27 (Call 01/26/26)		34,325		33,259,748
4.02%, 10/31/38 (Call 10/31/37), (3-mo. SOFR + 1.373%)^(b)		24,866		21,600,935
4.22%, 05/01/29 (Call 05/01/28), (3-mo. SOFR + 1.301%)^(a)(b)		37,822		36,343,201
4.41%, 04/23/39 (Call 04/23/38), (3-mo. SOFR + 1.430%)^(b)		16,064		14,439,053
4.48%, 08/23/28 (Call 08/23/27), (1-day SOFR + 1.725%)^(b)		27,575		27,053,744
4.75%, 10/21/45 (Call 04/21/45)^(a)		18,198		16,676,030
4.80%, 07/08/44 (Call 01/08/44)		17,225		16,072,474
5.15%, 05/22/45		20,024		18,920,037
5.95%, 01/15/27^(a)		10,358		10,700,597
6.13%, 02/15/33^(a)		11,587		12,526,833
6.25%, 02/01/41		27,419		30,261,136
6.75%, 10/01/37		59,893		65,637,194
HSBC Holdings PLC
1.59%, 05/24/27 (Call 05/24/26), (1-day SOFR + 1.290%)^(b)		23,232		20,686,182
2.01%, 09/22/28 (Call 09/22/27), (1-day SOFR + 1.732%)^(b)		24,754		21,550,860
2.21%, 08/17/29 (Call 08/17/28), (1-day SOFR + 1.285%)^(b)		22,352		19,043,283
2.25%, 11/22/27 (Call 11/22/26), (1-day SOFR + 1.100%)^(b)		28,021		25,073,191
2.36%, 08/18/31 (Call 08/18/30), (1-day SOFR + 1.947%)^(a)(b)		17,363		14,071,803
2.80%, 05/24/32 (Call 05/24/31), (1-day SOFR + 1.187%)^(a)(b)		31,524		25,820,205
2.85%, 06/04/31 (Call 06/04/30), (1-day SOFR + 2.387%)^(a)(b)		16,553		13,934,067
2.87%, 11/22/32 (Call 11/22/31), (1-day SOFR + 1.410%)^(a)(b)		19,457		15,910,191
3.90%, 05/25/26		20,685		20,037,280
3.97%, 05/22/30 (Call 05/22/29), (3-mo. LIBOR US + 1.610%)^(a)(b)		31,874		29,323,956
4.04%, 03/13/28 (Call 03/13/27), (3-mo. LIBOR US + 1.546%)^(a)(b)		28,148		26,816,904
4.38%, 11/23/26^(a)		16,434		15,889,361
4.58%, 06/19/29 (Call 06/19/28), (3-mo. LIBOR US + 1.535%)^(b)		31,911		30,626,860
4.76%, 06/09/28 (Call 06/09/27), (1-day SOFR + 2.110%)^(b)		24,962		24,363,893
4.95%, 03/31/30^(a)		27,735		27,357,835
5.21%, 08/11/28 (Call 08/11/27), (1-day SOFR + 2.610%)^(b)		25,206		25,100,563
5.25%, 03/14/44^(a)		13,099		11,950,480


Security	Par (000)		Value

Banks (continued)
5.40%, 08/11/33 (Call 08/11/32), (1-day SOFR + 2.870%)^(a)(b)	$	25,437	$	25,118,816
6.10%, 01/14/42^(a)		9,803		10,494,237
6.16%, 03/09/29 (Call 03/09/28), (1-day SOFR + 1.970%)^(a)(b)		20,720		21,312,712
6.25%, 03/09/34 (Call 03/09/33), (1-day SOFR + 2.390%)^(b)		27,240		28,383,086
6.33%, 03/09/44 (Call 03/09/43)		32,299		33,942,134
6.50%, 05/02/36^(a)		10,886		11,665,158
6.50%, 09/15/37^(a)		8,647		9,056,061
6.50%, 09/15/37		7,987		8,071,657
6.80%, 06/01/38^(a)		5,660		6,029,071
7.39%, 11/03/28 (Call 11/03/27), (1-day SOFR + 3.350%)^(b)		25,072		26,986,992
Huntington Bancshares Inc., 4.44%, 08/04/28 (Call 08/04/27), (1-day SOFR + 1.970%)^(b)		3,991		3,794,433
Huntington Bancshares Inc./OH, 2.55%, 02/04/30 (Call 01/04/30)		7,362		6,009,228
Huntington National Bank (The)
4.55%, 05/17/28 (Call 05/17/27), (1-day SOFR + 1.650%)^(b)		3,471		3,311,393
5.65%, 01/10/30 (Call 11/10/29)^(a)		7,254		7,233,580
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26), (1-day SOFR + 1.005%)^(b)		11,646		10,500,362
2.73%, 04/01/32 (Call 04/01/31), (1-day SOFR + 1.316%)^(b)		4,340		3,625,866
3.95%, 03/29/27		18,228		17,482,426
4.02%, 03/28/28 (Call 03/28/27), (1-day SOFR + 1.830%)^(b)		11,085		10,589,512
4.05%, 04/09/29^(a)		5,736		5,485,044
4.25%, 03/28/33 (Call 03/28/32), (1-day SOFR + 2.070%)^(b)		7,744		7,183,433
4.55%, 10/02/28		7,495		7,312,523
JPMorgan Chase & Co.
1.47%, 09/22/27 (Call 09/22/26), (1-day SOFR + 0.765%)^(b)		27,753		24,715,126
1.58%, 04/22/27 (Call 04/22/26), (1-day SOFR + 0.885%)^(b)		37,923		34,354,525
1.76%, 11/19/31 (Call 11/19/30), (3-mo. SOFR + 1.105%)^(a)(b)		12,177		9,743,570
1.95%, 02/04/32 (Call 02/04/31), (1-day SOFR + 1.065%)^(b)		30,396		24,499,331
2.07%, 06/01/29 (Call 06/01/28), (1-day SOFR + 1.015%)^(b)		19,250		16,757,679
2.18%, 06/01/28 (Call 06/01/27), (1-day SOFR + 1.890%)^(b)		13,813		12,422,838
2.52%, 04/22/31 (Call 04/22/30), (1-day SOFR + 2.040%)^(b)		27,559		23,618,170
2.53%, 11/19/41 (Call 11/19/40), (1-day SOFR + 1.510%)^(a)(b)		15,136		10,604,404
2.55%, 11/08/32 (Call 11/08/31), (1-day SOFR + 1.180%)^(b)		30,597		25,448,131
2.58%, 04/22/32 (Call 04/22/31), (3-mo. SOFR + 1.250%)^(b)		35,979		30,222,209
2.74%, 10/15/30 (Call 10/15/29), (1-day SOFR + 1.510%)^(a)(b)		38,821		34,056,471
2.95%, 10/01/26 (Call 07/01/26)^(a)		27,967		26,540,638
2.95%, 02/24/28 (Call 02/24/27), (1-day SOFR + 1.170%)^(a)(b)		16,762		15,597,599


Security	Par (000)		Value

Banks (continued)
2.96%, 01/25/33 (Call 01/25/32), (1-day SOFR + 1.260%)^(b)	$	35,751	$	30,597,086
3.11%, 04/22/41 (Call 04/22/40), (1-day SOFR + 2.460%)^(b)		15,480		11,827,431
3.11%, 04/22/51 (Call 04/22/50), (1-day SOFR + 2.440%)^(b)		23,390		16,776,870
3.16%, 04/22/42 (Call 04/22/41), (1-day SOFR + 2.460%)^(b)		20,497		15,760,443
3.20%, 06/15/26 (Call 03/15/26)^(a)		12,191		11,785,157
3.30%, 04/01/26 (Call 01/01/26)^(a)		10,389		10,063,097
3.33%, 04/22/52 (Call 04/22/51), (1-day SOFR + 1.580%)^(b)		35,974		26,841,802
3.51%, 01/23/29 (Call 01/23/28), (3-mo. LIBOR US + 0.945%)^(b)		22,398		21,067,328
3.54%, 05/01/28 (Call 05/01/27), (3-mo. LIBOR US + 1.380%)^(a)(b)		24,160		22,953,674
3.63%, 12/01/27 (Call 12/01/26)		10,933		10,420,853
3.70%, 05/06/30 (Call 05/06/29), (3-mo. LIBOR US + 1.160%)^(b)		25,335		23,648,586
3.78%, 02/01/28 (Call 02/01/27), (3-mo. LIBOR US + 1.337%)^(a)(b)		28,104		26,999,695
3.88%, 07/24/38 (Call 07/24/37), (3-mo. LIBOR US + 1.360%)^(b)		20,627		18,180,450
3.90%, 01/23/49 (Call 01/23/48), (3-mo. LIBOR US + 1.220%)^(b)		16,884		13,839,200
3.96%, 11/15/48 (Call 11/15/47), (3-mo. LIBOR US + 1.380%)^(b)		41,044		34,593,053
4.01%, 04/23/29 (Call 04/23/28), (3-mo. LIBOR US + 1.120%)^(b)		22,839		21,860,077
4.03%, 07/24/48 (Call 07/24/47), (3-mo. LIBOR US + 1.460%)^(b)		14,507		12,323,882
4.13%, 12/15/26^(a)		19,870		19,562,800
4.20%, 07/23/29 (Call 07/23/28), (3-mo. LIBOR US + 1.260%)^(b)		24,368		23,545,894
4.25%, 10/01/27		15,516		15,252,090
4.26%, 02/22/48 (Call 02/22/47), (3-mo. LIBOR US + 1.580%)^(a)(b)		19,249		16,951,903
4.32%, 04/26/28 (Call 04/26/27), (1-day SOFR + 1.560%)^(b)		29,494		28,938,655
4.45%, 12/05/29 (Call 12/05/28), (3-mo. LIBOR US + 1.330%)^(b)		25,310		24,659,136
4.49%, 03/24/31 (Call 03/24/30), (3-mo. SOFR + 3.790%)^(a)(b)		30,380		29,565,868
4.57%, 06/14/30 (Call 06/14/29), (1-day SOFR + 1.750%)^(b)		20,464		19,989,268
4.59%, 04/26/33 (Call 04/26/32), (1-day SOFR + 1.800%)^(b)		20,752		20,175,978
4.85%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.990%)^(b)		34,834		34,959,462
4.85%, 02/01/44		10,502		10,126,901
4.91%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.080%)^(a)(b)		45,865		45,580,963
4.95%, 06/01/45		16,534		15,676,677
5.40%, 01/06/42^(a)		13,050		13,453,693
5.50%, 10/15/40^(a)		12,757		13,253,689
5.60%, 07/15/41^(a)		17,961		18,717,018
5.63%, 08/16/43		12,721		13,215,596
6.40%, 05/15/38^(a)		24,234		27,279,906
KeyBank NA, 5.00%, 01/26/33 (Call 10/26/32)^(a)		10,315		9,580,221


Security	Par (000)		Value

Banks (continued)
KeyBank NA/Cleveland OH
4.90%, 08/08/32	$	7,767	$	6,911,371
5.85%, 11/15/27 (Call 10/16/27)^(a)		8,623		8,618,226
KeyCorp
2.25%, 04/06/27^(a)		7,337		6,411,825
2.55%, 10/01/29^(a)		8,326		6,785,484
4.10%, 04/30/28		7,587		7,016,307
4.79%, 06/01/33 (Call 06/01/32), (1-day SOFR + 2.060%)^(a)(b)		8,900		8,092,097
Lloyds Banking Group PLC
1.63%, 05/11/27 (Call 05/11/26), (1-year CMT + 0.850%)^(a)(b)		15,599		13,948,830
3.57%, 11/07/28 (Call 11/07/27), (3-mo. LIBOR US + 1.205%)^(b)		22,444		20,830,638
3.75%, 01/11/27^(a)		18,531		17,642,850
3.75%, 03/18/28 (Call 03/18/27), (1-year CMT + 1.800%)^(b)		12,213		11,503,498
4.34%, 01/09/48		15,376		12,020,626
4.38%, 03/22/28^(a)		21,544		20,837,256
4.55%, 08/16/28^(a)		10,270		9,971,492
4.98%, 08/11/33 (Call 08/11/32), (1-year CMT + 2.300%)^(b)		7,736		7,503,478
5.30%, 12/01/45^(a)		5,050		4,546,342
5.87%, 03/06/29 (Call 03/06/28), (1-year CMT + 1.700%)^(a)(b)		13,205		13,498,136
M&T Bank Corp., 5.05%, 01/27/34 (Call 01/27/33), (1-day SOFR + 1.850%)^(b)		10,063		9,431,460
Manufacturers & Traders Trust Co., 4.70%, 01/27/28 (Call 12/28/27)		12,228		11,611,321
Mitsubishi UFJ Financial Group Inc.
1.54%, 07/20/27 (Call 07/20/26), (1-year CMT + 0.750%)^(b)		24,134		21,477,071
1.64%, 10/13/27 (Call 10/13/26), (1-year CMT + 0.670%)^(b)		13,920		12,381,651
2.05%, 07/17/30		10,463		8,599,880
2.31%, 07/20/32 (Call 07/20/31), (1-year CMT + 0.950%)^(b)		23,103		18,551,388
2.34%, 01/19/28 (Call 01/19/27), (1-year CMT + 0.830%)^(b)		16,007		14,504,120
2.49%, 10/13/32 (Call 10/13/31), (1-year CMT + 0.970%)^(b)		11,655		9,501,639
2.56%, 02/25/30^(a)		14,982		12,845,230
2.76%, 09/13/26		7,348		6,833,168
2.85%, 01/19/33 (Call 01/19/32), (1-year CMT + 1.100%)^(b)		12,347		10,310,696
3.20%, 07/18/29^(a)		19,278		17,352,199
3.29%, 07/25/27^(a)		13,514		12,752,963
3.68%, 02/22/27^(a)		10,745		10,577,507
3.74%, 03/07/29		17,830		16,806,802
3.75%, 07/18/39^(a)		12,410		10,729,105
3.96%, 03/02/28^(a)		12,216		11,772,515
4.05%, 09/11/28^(a)		8,926		8,732,191
4.08%, 04/19/28 (Call 04/19/27), (1-year CMT + 1.300%)^(b)		9,329		8,997,791
5.02%, 07/20/28 (Call 07/20/27), (1-year CMT + 1.950%)^(b)		15,094		15,063,424
5.13%, 07/20/33 (Call 07/20/32), (1-year CMT + 2.125%)^(b)		17,475		17,495,947
5.35%, 09/13/28 (Call 09/13/27), (1-year CMT + 1.900%)^(b)		14,377		14,543,536


Security	Par (000)		Value

Banks (continued)
5.41%, 04/19/34 (Call 04/19/33)	$	4,181	$	4,221,724
5.42%, 02/22/29 (Call 02/22/28), (1-year CMT + 1.380%)^(a)(b)		12,841		13,039,717
5.44%, 02/22/34 (Call 02/22/33), (1-year CMT + 1.630%)^(a)(b)		11,880		12,042,722
5.47%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.125%)^(a)(b)		8,568		8,718,669
5.48%, 02/22/31 (Call 02/22/30), (1-year CMT + 1.530%)^(a)(b)		3,625		3,679,101
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26), (1-year CMT + 0.670%)^(b)		13,548		11,962,994
1.55%, 07/09/27 (Call 07/09/26), (1-year CMT + 0.750%)^(b)		11,708		10,397,042
1.98%, 09/08/31 (Call 09/08/30), (1-day SOFR + 1.532%)^(a)(b)		6,834		5,449,699
2.20%, 07/10/31 (Call 07/10/30), (1-day SOFR + 1.772%)^(a)(b)		12,283		10,014,781
2.56%, 09/13/31^(a)		11,021		8,807,500
2.84%, 09/13/26^(a)		6,596		6,140,832
3.15%, 07/16/30 (Call 07/16/29), (3-mo. LIBOR US + 1.130%)^(b)		3,978		3,528,817
3.17%, 09/11/27^(a)		10,722		9,993,081
4.02%, 03/05/28^(a)		12,418		11,871,930
4.25%, 09/11/29 (Call 09/11/28), (3-mo. LIBOR US + 1.270%)^(a)(b)		6,807		6,542,736
5.41%, 09/13/28 (Call 09/13/27), (1-year CMT + 2.050%)^(b)		6,556		6,623,822
5.67%, 05/27/29 (Call 05/27/28), (1-year CMT + 1.500%)^(a)(b)		12,599		12,826,297
5.67%, 09/13/33 (Call 09/13/32), (1-year CMT + 2.400%)^(b)		8,881		9,120,459
5.74%, 05/27/31 (Call 05/27/30), (1-year CMT + 1.650%)^(b)		3,720		3,808,080
5.75%, 05/27/34 (Call 05/27/33), (1-year CMT + 1.800%)^(a)(b)		10,113		10,392,492
Morgan Stanley
1.51%, 07/20/27 (Call 07/20/26), (1-day SOFR + 0.858%)^(b)		31,780		28,238,748
1.59%, 05/04/27 (Call 04/04/27), (1-day SOFR + 0.879%)^(b)		36,934		33,223,463
1.79%, 02/13/32 (Call 02/13/31), (1-day SOFR + 1.034%)^(b)		29,898		23,624,909
1.93%, 04/28/32 (Call 04/28/31), (1-day SOFR + 1.020%)^(b)		25,534		20,328,360
2.24%, 07/21/32 (Call 07/21/31), (1-day SOFR + 1.178%)^(b)		37,595		30,377,749
2.48%, 01/21/28 (Call 01/21/27), (1-day SOFR + 1.000%)^(b)		24,388		22,281,567
2.51%, 10/20/32 (Call 10/20/31), (1-day SOFR + 1.200%)^(a)(b)		25,722		21,188,166
2.70%, 01/22/31 (Call 01/22/30), (1-day SOFR + 1.143%)^(b)		35,780		30,895,039
2.80%, 01/25/52 (Call 07/25/51), (1-day SOFR + 1.430%)^(a)(b)		21,579		14,453,001
2.94%, 01/21/33 (Call 01/21/32), (1-day SOFR + 1.290%)^(b)		26,920		22,866,946
3.13%, 07/27/26^(a)		26,580		25,273,479
3.22%, 04/22/42 (Call 04/22/41), (1-day SOFR + 1.485%)^(a)(b)		21,486		16,671,234


Security	Par (000)		Value

Banks (continued)
3.59%, 07/22/28 (Call 07/22/27), (3-mo. LIBOR US + 1.340%)^(b)	$	31,400	$	29,702,682
3.62%, 04/01/31 (Call 04/01/30), (1-day SOFR + 3.120%)^(b)		29,036		26,565,260
3.63%, 01/20/27^(a)		33,236		31,975,910
3.77%, 01/24/29 (Call 01/24/28), (3-mo. LIBOR US + 1.140%)^(b)		32,632		30,942,684
3.95%, 04/23/27		20,769		19,986,798
3.97%, 07/22/38 (Call 07/22/37), (3-mo. LIBOR US + 1.455%)^(b)		21,391		18,877,985
4.21%, 04/20/28 (Call 04/20/27), (1-day SOFR + 1.610%)^(b)		24,892		24,153,397
4.30%, 01/27/45^(a)		26,387		23,703,302
4.35%, 09/08/26		19,673		19,214,595
4.38%, 01/22/47		23,444		21,139,532
4.43%, 01/23/30 (Call 01/23/29), (3-mo. LIBOR US + 1.628%)^(a)(b)		32,285		31,174,076
4.46%, 04/22/39 (Call 04/22/38), (3-mo. LIBOR US + 0.408%)^(b)		12,096		11,148,104
4.89%, 07/20/33 (Call 07/20/32), (1-day SOFR + 2.076%)^(b)		22,809		22,440,103
5.12%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.730%)^(b)		25,941		26,106,073
5.16%, 04/20/29 (Call 04/20/28), (1-day SOFR + 1.590%)^(b)		13,177		13,284,253
5.25%, 04/21/34 (Call 04/21/33)		17,062		17,265,932
5.60%, 03/24/51 (Call 03/24/50), (1-day SOFR + 4.480%)^(a)(b)		20,593		21,637,831
6.30%, 10/18/28 (Call 10/18/27), (1-day SOFR + 2.240%)^(b)		24,964		26,235,030
6.34%, 10/18/33 (Call 10/18/32), (1-day SOFR + 2.560%)^(a)(b)		30,820		33,517,357
6.38%, 07/24/42^(a)		20,706		23,572,644
7.25%, 04/01/32		11,213		13,072,349
National Australia Bank Ltd., 3.91%, 06/09/27^(a)		8,764		8,577,604
National Australia Bank Ltd./New York, 2.50%, 07/12/26^(a)		5,010		4,713,569
NatWest Group PLC
1.64%, 06/14/27 (Call 06/14/26), (1-year CMT + 0.900%)^(b)		12,892		11,470,899
3.07%, 05/22/28 (Call 05/22/27), (1-year CMT + 2.550%)^(b)		8,131		7,435,073
4.45%, 05/08/30 (Call 05/08/29), (3-mo. LIBOR US + 1.871%)^(b)		15,605		14,826,610
4.80%, 04/05/26		4,026		4,006,558
4.89%, 05/18/29 (Call 05/18/28), (3-mo. LIBOR US + 1.754%)^(b)		20,663		20,138,526
5.08%, 01/27/30 (Call 01/27/29), (3-mo. LIBOR US + 1.905%)^(b)		20,454		20,230,691
5.52%, 09/30/28 (Call 09/30/27), (1-year CMT + 2.270%)^(b)		8,604		8,655,957
6.02%, 03/02/34 (Call 03/02/33), (1-year CMT + 2.100%)^(a)(b)		10,224		10,621,952
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)^(a)		8,114		6,861,700
4.00%, 05/10/27 (Call 04/10/27)^(a)		5,707		5,613,479
6.13%, 11/02/32 (Call 08/02/32)^(a)		10,934		11,675,763
PNC Bank NA
2.70%, 10/22/29^(a)		7,122		6,160,665
3.10%, 10/25/27 (Call 09/25/27)^(a)		9,009		8,440,583


Security	Par (000)		Value

Banks (continued)
4.05%, 07/26/28	$	15,591	$	14,844,280
PNC Financial Services Group Inc. (The)
2.31%, 04/23/32 (Call 04/23/31), (1-day SOFR + 0.979%)^(a)(b)		6,826		5,610,970
2.55%, 01/22/30 (Call 10/24/29)^(a)		24,124		20,652,959
2.60%, 07/23/26 (Call 05/24/26)^(a)		5,642		5,277,471
3.15%, 05/19/27 (Call 04/19/27)^(a)		6,551		6,158,029
3.45%, 04/23/29 (Call 01/23/29)^(a)		19,203		17,728,029
5.07%, 01/24/34 (Call 01/24/33), (1-day SOFR + 1.933%)^(a)(b)		16,771		16,463,780
5.35%, 12/02/28 (Call 12/02/27), (1-day SOFR + 1.630%)^(a)(b)		10,868		10,934,431
6.04%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.140%)^(a)(b)		16,476		17,373,141
Royal Bank of Canada
1.15%, 07/14/26		3,673		3,307,691
1.20%, 04/27/26		9,934		8,984,765
1.40%, 11/02/26		12,045		10,767,478
2.30%, 11/03/31		15,400		12,752,889
3.63%, 05/04/27		13,761		13,249,321
3.88%, 05/04/32		8,529		7,969,176
4.24%, 08/03/27		17,044		16,672,270
4.90%, 01/12/28^(a)		10,305		10,361,840
5.00%, 02/01/33^(a)		17,720		17,746,436
5.00%, 05/02/33		8,450		8,458,258
6.00%, 11/01/27		14,742		15,500,617
Santander Holdings USA Inc.
2.49%, 01/06/28 (Call 01/06/27), (1-day SOFR + 1.249%)^(b)		12,113		10,627,710
3.24%, 10/05/26 (Call 08/05/26)^(a)		7,861		7,222,696
4.40%, 07/13/27 (Call 04/14/27)		6,835		6,512,183
6.50%, 03/09/29 (Call 03/09/28), (1-day SOFR + 2.356%)^(b)		12,613		12,674,106
Santander UK Group Holdings PLC
2.47%, 01/11/28 (Call 01/11/27), (1-day SOFR + 1.220%)^(b)		11,025		9,776,976
3.82%, 11/03/28 (Call 11/03/27), (3-mo. LIBOR US + 1.400%)^(a)(b)		9,038		8,329,575
6.53%, 01/10/29 (Call 01/10/28), (1-day SOFR + 2.600%)^(a)(b)		10,083		10,367,916
State Street Corp.
2.20%, 03/03/31^(a)		2,044		1,682,087
2.40%, 01/24/30^(a)		2,950		2,569,886
2.65%, 05/19/26^(a)		881		834,527
Sumitomo Mitsui Financial Group Inc.
1.40%, 09/17/26		15,266		13,565,058
1.90%, 09/17/28		28,848		24,668,718
2.13%, 07/08/30^(a)		19,008		15,714,178
2.14%, 09/23/30^(a)		5,088		4,123,527
2.22%, 09/17/31^(a)		6,678		5,406,407
2.63%, 07/14/26^(a)		14,086		13,166,976
2.75%, 01/15/30		17,672		15,386,871
2.93%, 09/17/41^(a)		1,585		1,139,520
3.01%, 10/19/26^(a)		17,399		16,305,957
3.04%, 07/16/29^(a)		32,703		29,255,796
3.35%, 10/18/27^(a)		6,918		6,475,956
3.36%, 07/12/27^(a)		19,883		18,913,557
3.45%, 01/11/27		11,299		10,738,853
3.54%, 01/17/28		7,326		6,892,103
3.94%, 07/19/28		11,646		11,110,511


Security	Par (000)		Value

Banks (continued)
5.52%, 01/13/28	$	22,506	$	23,017,973
5.71%, 01/13/30^(a)		18,118		18,730,022
5.77%, 01/13/33^(a)		20,535		21,568,574
Toronto-Dominion Bank (The)
1.20%, 06/03/26		7,704		6,904,205
1.25%, 09/10/26		5,567		4,957,929
1.95%, 01/12/27		8,544		7,728,862
2.00%, 09/10/31		13,939		11,291,213
2.80%, 03/10/27		13,975		13,002,490
3.20%, 03/10/32		19,528		17,319,770
4.11%, 06/08/27		17,846		17,378,297
4.46%, 06/08/32		25,430		24,505,714
4.69%, 09/15/27		17,374		17,259,797
5.16%, 01/10/28		13,904		14,070,057
Truist Bank
2.25%, 03/11/30 (Call 12/11/29)^(a)		12,961		10,645,685
3.30%, 05/15/26 (Call 04/15/26)^(a)		3,914		3,632,433
3.80%, 10/30/26 (Call 09/30/26)^(a)		9,627		9,000,108
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)^(a)		5,295		4,510,060
1.89%, 06/07/29 (Call 06/07/28), (1-day SOFR + 0.862%)^(b)		9,116		7,708,367
1.95%, 06/05/30 (Call 03/05/30)^(a)		6,474		5,206,738
4.12%, 06/06/28 (Call 06/06/27), (1-day SOFR + 1.368%)^(a)(b)		9,081		8,691,854
4.87%, 01/26/29 (Call 01/26/28), (1-day SOFR + 1.435%)^(a)(b)		20,708		20,277,599
5.12%, 01/26/34 (Call 01/26/33), (1-day SOFR + 1.852%)^(a)(b)		16,564		16,065,556
6.12%, 10/28/33 (Call 10/28/32), (1-day SOFR + 2.300%)^(a)(b)		8,398		8,739,873
U.S. Bancorp
4.65%, 02/01/29 (Call 02/01/28), (1-day SOFR + 1.230%)^(b)		18,694		18,180,115
4.84%, 02/01/34 (Call 02/01/33), (1-day SOFR + 1.600%)^(a)(b)		22,092		21,124,894
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)^(a)		13,719		10,762,808
2.22%, 01/27/28 (Call 01/27/27), (1-day SOFR + 0.730%)^(b)		14,086		12,701,463
2.68%, 01/27/33 (Call 01/27/32), (1-day SOFR + 1.020%)^(a)(b)		9,870		8,049,953
3.00%, 07/30/29 (Call 04/30/29)^(a)		6,644		5,851,278
3.90%, 04/26/28 (Call 03/26/28)^(a)		9,360		8,969,451
4.55%, 07/22/28 (Call 07/22/27), (1-day SOFR + 1.660%)^(a)(b)		17,020		16,549,128
5.85%, 10/21/33 (Call 10/21/32), (1-day SOFR + 2.090%)^(a)(b)		16,621		17,106,568
Series V, 2.38%, 07/22/26 (Call 06/22/26)		13,495		12,533,570
Series X, 3.15%, 04/27/27 (Call 03/27/27)^(a)		15,443		14,544,520
Wachovia Corp., 5.50%, 08/01/35^(a)		8,835		8,879,786
Wells Fargo & Co.
2.39%, 06/02/28 (Call 06/02/27), (1-day SOFR + 2.100%)^(b)		35,865		32,362,693
2.57%, 02/11/31 (Call 02/11/30), (1-day SOFR + 1.262%)^(b)		30,122		25,724,155
2.88%, 10/30/30 (Call 10/30/29), (3-mo. SOFR + 1.432%)^(b)		36,573		32,037,206
3.00%, 04/22/26		27,145		25,856,381
3.00%, 10/23/26		37,531		35,333,826


Security	Par (000)		Value

Banks (continued)
3.07%, 04/30/41 (Call 04/30/40), (1-day SOFR + 2.530%)^(b)	$	37,822	$	28,387,079
3.20%, 06/17/27 (Call 06/17/26), (3-mo. LIBOR US + 1.170%)^(b)		26,978		25,466,593
3.35%, 03/02/33 (Call 03/02/32), (1-day SOFR + 1.500%)^(a)(b)		40,225		35,114,989
3.53%, 03/24/28 (Call 03/24/27), (1-day SOFR + 1.510%)^(b)		41,150		38,953,331
3.58%, 05/22/28 (Call 05/22/27), (3-mo. LIBOR US + 1.310%)^(b)		32,610		30,868,293
3.90%, 05/01/45^(a)		20,864		17,091,409
4.10%, 06/03/26		19,538		19,043,009
4.15%, 01/24/29 (Call 10/24/28)^(a)		25,680		24,723,726
4.30%, 07/22/27		27,283		26,678,384
4.40%, 06/14/46^(a)		20,687		17,314,496
4.48%, 04/04/31 (Call 04/04/30), (1-day SOFR + 4.032%)^(b)		26,142		25,208,174
4.61%, 04/25/53 (Call 04/25/52), (1-day SOFR + 2.130%)^(b)		33,937		30,434,769
4.65%, 11/04/44		20,647		18,108,202
4.75%, 12/07/46		19,518		17,135,475
4.81%, 07/25/28 (Call 07/25/27), (1-day SOFR + 1.980%)^(b)		32,309		32,071,400
4.90%, 07/25/33 (Call 07/25/32), (1-day SOFR + 2.100%)^(b)		44,094		43,150,719
4.90%, 11/17/45		21,212		19,082,578
5.01%, 04/04/51 (Call 04/04/50), (1-day SOFR + 4.502%)^(b)		58,135		55,088,296
5.38%, 11/02/43^(a)		20,424		19,646,479
5.39%, 04/24/34 (Call 04/24/33)		19,470		19,790,794
5.61%, 01/15/44		24,039		23,632,760
Wells Fargo Bank NA
5.85%, 02/01/37^(a)		11,094		11,561,466
6.60%, 01/15/38^(a)		14,071		15,761,973
Westpac Banking Corp.
1.15%, 06/03/26		7,086		6,387,197
1.95%, 11/20/28		10,936		9,597,844
2.15%, 06/03/31		4,894		4,177,250
2.65%, 01/16/30^(a)		6,801		6,134,289
2.70%, 08/19/26^(a)		7,321		6,912,956
2.85%, 05/13/26		8,526		8,112,355
2.96%, 11/16/40		11,688		8,002,352
3.13%, 11/18/41		9,336		6,520,785
3.35%, 03/08/27^(a)		9,783		9,400,127
3.40%, 01/25/28^(a)		14,982		14,305,504
4.04%, 08/26/27		13,861		13,694,617
4.42%, 07/24/39		9,268		7,920,884
5.46%, 11/18/27^(a)		18,254		18,980,495


				8,334,085,731

Beverages — 2.8%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc.
4.70%, 02/01/36 (Call 08/01/35)		54,970		55,312,529
4.90%, 02/01/46 (Call 08/01/45)^(a)		99,668		98,560,609
Anheuser-Busch InBev Finance Inc.
4.63%, 02/01/44		9,901		9,462,599
4.90%, 02/01/46 (Call 08/01/45)		15,870		15,590,259
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)^(a)		15,806		15,075,632
4.00%, 04/13/28 (Call 01/13/28)^(a)		27,574		27,310,892


Security	Par (000)		Value

Beverages (continued)
4.35%, 06/01/40 (Call 12/01/39)^(a)	$	10,617	$	10,089,747
4.38%, 04/15/38 (Call 10/15/37)		14,759		14,248,975
4.44%, 10/06/48 (Call 04/06/48)		19,342		18,150,498
4.50%, 06/01/50 (Call 12/01/49)		16,808		15,891,868
4.60%, 04/15/48 (Call 10/15/47)		24,166		23,189,616
4.75%, 01/23/29 (Call 10/23/28)		44,864		45,910,278
4.75%, 04/15/58 (Call 10/15/57)		8,885		8,509,739
4.90%, 01/23/31 (Call 10/23/30)^(a)		6,298		6,594,388
4.95%, 01/15/42		16,189		16,204,473
5.45%, 01/23/39 (Call 07/23/38)		19,922		21,171,123
5.55%, 01/23/49 (Call 07/23/48)		42,658		46,126,513
5.80%, 01/23/59 (Call 07/23/58)^(a)		20,632		23,108,028
8.20%, 01/15/39		14,037		18,768,286
Coca-Cola Co. (The)
1.00%, 03/15/28^(a)		12,304		10,759,395
1.38%, 03/15/31		15,410		12,641,160
1.45%, 06/01/27^(a)		11,497		10,455,771
1.50%, 03/05/28^(a)		7,920		7,099,559
1.65%, 06/01/30^(a)		15,868		13,488,573
2.00%, 03/05/31		9,928		8,537,643
2.13%, 09/06/29		12,679		11,375,780
2.25%, 01/05/32^(a)		22,349		19,496,315
2.50%, 06/01/40^(a)		10,720		8,232,539
2.50%, 03/15/51^(a)		14,705		10,375,626
2.60%, 06/01/50		14,737		10,607,087
2.75%, 06/01/60^(a)		9,850		7,105,875
2.88%, 05/05/41		6,459		5,211,281
3.00%, 03/05/51^(a)		16,911		13,361,702
3.38%, 03/25/27^(a)		9,582		9,411,965
3.45%, 03/25/30^(a)		11,859		11,408,103
Constellation Brands Inc.
2.25%, 08/01/31 (Call 05/01/31)^(a)		9,356		7,761,371
3.15%, 08/01/29 (Call 05/01/29)		7,382		6,770,051
4.90%, 05/01/33 (Call 02/01/33)		7,820		7,869,039
Diageo Capital PLC
2.00%, 04/29/30 (Call 01/29/30)^(a)		8,191		7,052,770
2.13%, 04/29/32 (Call 01/29/32)^(a)		8,258		6,911,185
2.38%, 10/24/29 (Call 07/24/29)		9,521		8,426,246
5.30%, 10/24/27 (Call 09/24/27)^(a)		5,768		6,020,448
5.50%, 01/24/33 (Call 10/24/32)		7,838		8,537,632
Keurig Dr Pepper Inc.
3.20%, 05/01/30 (Call 02/01/30)^(a)		4,088		3,729,143
3.80%, 05/01/50 (Call 11/01/49)^(a)		6,211		4,951,299
3.95%, 04/15/29 (Call 02/15/29)^(a)		11,343		10,950,622
4.05%, 04/15/32 (Call 01/15/32)^(a)		9,483		9,008,042
4.50%, 04/15/52 (Call 10/15/51)		11,643		10,394,881
4.60%, 05/25/28 (Call 02/25/28)^(a)		10,152		10,152,836
Molson Coors Beverage Co.
3.00%, 07/15/26 (Call 04/15/26)^(a)		10,348		9,817,880
4.20%, 07/15/46 (Call 01/15/46)		16,335		13,676,688
5.00%, 05/01/42		12,611		12,000,698
PepsiCo Inc.
1.40%, 02/25/31 (Call 11/25/30)		10,869		8,979,391
1.63%, 05/01/30 (Call 02/01/30)		13,464		11,463,686
1.95%, 10/21/31 (Call 07/21/31)		16,507		14,019,616
2.38%, 10/06/26 (Call 07/06/26)^(a)		7,359		6,979,529
2.63%, 07/29/29 (Call 04/29/29)^(a)		11,303		10,401,385
2.63%, 10/21/41 (Call 04/21/41)		6,392		4,958,158
2.75%, 03/19/30 (Call 12/19/29)		17,964		16,467,301
2.75%, 10/21/51 (Call 04/21/51)		10,869		8,021,957


Security	Par (000)		Value

Beverages (continued)
2.88%, 10/15/49 (Call 04/15/49)	$	9,754	$	7,488,537
3.00%, 10/15/27 (Call 07/15/27)^(a)		19,002		18,275,890
3.45%, 10/06/46 (Call 04/06/46)^(a)		9,120		7,779,510
3.60%, 02/18/28 (Call 01/18/28)^(a)		11,223		11,064,798
3.63%, 03/19/50 (Call 09/19/49)		8,073		7,027,597
3.90%, 07/18/32 (Call 04/18/32)^(a)		15,553		15,272,918
4.45%, 02/15/33 (Call 11/15/32)^(a)		1,179		1,208,992
4.45%, 04/14/46 (Call 10/14/45)		9,020		8,979,493


				961,264,015

Biotechnology — 2.1%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		12,678		11,057,729
2.00%, 01/15/32 (Call 10/15/31)^(a)		13,504		10,958,002
2.20%, 02/21/27 (Call 12/21/26)		18,189		16,827,706
2.30%, 02/25/31 (Call 11/25/30)^(a)		13,482		11,373,235
2.45%, 02/21/30 (Call 11/21/29)		13,026		11,393,050
2.60%, 08/19/26 (Call 05/19/26)^(a)		10,445		9,830,392
2.77%, 09/01/53 (Call 03/01/53)		10,410		6,661,355
2.80%, 08/15/41 (Call 02/15/41)^(a)		12,382		9,024,779
3.00%, 02/22/29 (Call 12/22/28)		6,673		6,197,335
3.00%, 01/15/52 (Call 07/15/51)		14,226		9,693,259
3.15%, 02/21/40 (Call 08/21/39)		19,800		15,344,087
3.20%, 11/02/27 (Call 08/02/27)^(a)		7,395		7,041,887
3.35%, 02/22/32 (Call 11/22/31)		11,357		10,263,710
3.38%, 02/21/50 (Call 08/21/49)		23,752		17,584,401
4.05%, 08/18/29 (Call 06/18/29)^(a)		11,386		11,051,417
4.20%, 03/01/33 (Call 12/01/32)^(a)		8,498		8,151,320
4.20%, 02/22/52 (Call 08/22/51)		9,993		8,454,585
4.40%, 05/01/45 (Call 11/01/44)^(a)		24,081		21,220,938
4.40%, 02/22/62 (Call 08/22/61)		13,237		11,160,111
4.56%, 06/15/48 (Call 12/15/47)		15,660		14,098,496
4.66%, 06/15/51 (Call 12/15/50)		36,239		32,940,537
4.88%, 03/01/53 (Call 09/01/52)		9,543		8,976,238
5.15%, 03/02/28 (Call 02/02/28)		40,887		41,913,423
5.25%, 03/02/30 (Call 01/02/30)		31,840		32,715,517
5.25%, 03/02/33 (Call 12/02/32)		44,577		45,863,916
5.60%, 03/02/43 (Call 09/02/42)		34,430		35,439,601
5.65%, 03/02/53 (Call 09/02/52)		43,870		45,502,995
5.75%, 03/02/63 (Call 09/02/62)		29,871		30,938,939
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)^(a)		15,087		12,793,417
3.15%, 05/01/50 (Call 11/01/49)		19,849		13,832,826
5.20%, 09/15/45 (Call 03/15/45)^(a)		7,468		7,520,891
Gilead Sciences Inc.
1.20%, 10/01/27 (Call 08/01/27)		12,832		11,260,878
1.65%, 10/01/30 (Call 07/01/30)^(a)		6,813		5,637,685
2.60%, 10/01/40 (Call 04/01/40)^(a)		12,307		9,083,760
2.80%, 10/01/50 (Call 04/01/50)^(a)		18,108		12,443,064
2.95%, 03/01/27 (Call 12/01/26)^(a)		17,345		16,596,435
4.00%, 09/01/36 (Call 03/01/36)^(a)		5,300		4,955,035
4.15%, 03/01/47 (Call 09/01/46)		19,465		17,192,208
4.50%, 02/01/45 (Call 08/01/44)		19,002		17,672,706
4.60%, 09/01/35 (Call 03/01/35)		6,942		6,889,357
4.75%, 03/01/46 (Call 09/01/45)		23,577		22,505,515
4.80%, 04/01/44 (Call 10/01/43)^(a)		19,781		19,108,834
5.65%, 12/01/41 (Call 06/01/41)^(a)		11,568		12,391,570
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		12,418		10,129,544
2.80%, 09/15/50 (Call 03/15/50)		4,717		3,122,615


Security	Par (000)		Value

Biotechnology (continued)
Royalty Pharma PLC
1.75%, 09/02/27 (Call 07/02/27)	$	7,211	$	6,323,519
2.20%, 09/02/30 (Call 06/02/30)^(a)		9,868		8,081,142
3.30%, 09/02/40 (Call 03/02/40)		9,665		7,026,764
3.55%, 09/02/50 (Call 03/02/50)^(a)		9,026		6,215,422


				732,462,147

Building Materials — 0.2%
Carrier Global Corp.
2.49%, 02/15/27 (Call 12/15/26)^(a)		6,545		6,056,316
2.70%, 02/15/31 (Call 11/15/30)^(a)		8,466		7,258,311
2.72%, 02/15/30 (Call 11/15/29)		21,335		18,627,533
3.38%, 04/05/40 (Call 10/05/39)		14,264		11,118,494
3.58%, 04/05/50 (Call 10/05/49)		20,363		15,212,975
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)^(a)		10,565		8,776,495
3.20%, 07/15/51 (Call 01/15/51)^(a)		4,974		3,531,989
Trane Technologies Luxembourg Finance SA, 3.80%, 03/21/29 (Call 12/21/28)^(a)		7,749		7,422,089
Vulcan Materials Co., 3.50%, 06/01/30 (Call 03/01/30)		722		662,260


				78,666,462

Chemicals — 1.0%
Air Products and Chemicals Inc.
2.05%, 05/15/30 (Call 02/15/30)^(a)		10,391		9,078,304
2.70%, 05/15/40 (Call 11/15/39)		6,788		5,260,712
2.80%, 05/15/50 (Call 11/15/49)^(a)		9,367		6,780,996
Celanese U.S. Holdings LLC
6.17%, 07/15/27 (Call 06/15/27)^(a)		19,166		19,411,769
6.33%, 07/15/29 (Call 05/15/29)^(a)		9,651		9,776,573
6.38%, 07/15/32 (Call 04/15/32)^(a)		10,805		10,953,063
CF Industries Inc.
4.95%, 06/01/43		6,707		5,817,268
5.15%, 03/15/34^(a)		9,301		9,038,059
5.38%, 03/15/44^(a)		6,679		6,138,796
Dow Chemical Co. (The)
2.10%, 11/15/30 (Call 08/15/30)		9,640		8,114,309
3.60%, 11/15/50 (Call 05/15/50)^(a)		7,081		5,388,568
4.38%, 11/15/42 (Call 05/15/42)		15,913		13,973,609
5.25%, 11/15/41 (Call 05/15/41)		9,897		9,660,570
5.55%, 11/30/48 (Call 05/30/48)^(a)		7,823		7,754,739
6.90%, 05/15/53 (Call 11/15/52)^(a)		9,463		10,953,211
7.38%, 11/01/29^(a)		11,015		12,622,477
DuPont de Nemours Inc.
4.73%, 11/15/28 (Call 08/15/28)^(a)		26,585		26,873,766
5.32%, 11/15/38 (Call 05/15/38)		16,819		16,959,232
5.42%, 11/15/48 (Call 05/15/48)		21,678		21,831,953
Eastman Chemical Co., 4.65%, 10/15/44 (Call 04/15/44)^(a)		7,868		6,783,963
Ecolab Inc.
2.70%, 11/01/26 (Call 08/01/26)^(a)		4,424		4,219,691
2.70%, 12/15/51 (Call 06/15/51)^(a)		5,460		3,671,054
International Flavors & Fragrances Inc., 5.00%, 09/26/48 (Call 03/26/48)^(a)		4,931		4,218,643
LYB International Finance BV
4.88%, 03/15/44 (Call 09/15/43)		10,879		9,644,644
5.25%, 07/15/43		8,004		7,355,381
LYB International Finance III LLC
3.38%, 10/01/40 (Call 04/01/40)^(a)		8,747		6,473,604
3.63%, 04/01/51 (Call 04/01/50)^(a)		10,235		7,272,773
4.20%, 10/15/49 (Call 04/15/49)^(a)		11,642		9,037,421


Security	Par (000)		Value

Chemicals (continued)
4.20%, 05/01/50 (Call 11/01/49)^(a)	$	8,742	$	6,780,757
LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54)		12,463		10,224,740
Nutrien Ltd.
4.20%, 04/01/29 (Call 01/01/29)		10,159		9,894,760
4.90%, 03/27/28 (Call 02/27/28)		6,562		6,584,750
5.00%, 04/01/49 (Call 10/01/48)^(a)		5,363		5,008,064
5.80%, 03/27/53 (Call 09/27/52)^(a)		7,287		7,562,699
Sherwin-Williams Co. (The)
2.95%, 08/15/29 (Call 05/15/29)		11,534		10,435,263
3.45%, 06/01/27 (Call 03/01/27)^(a)		13,394		12,845,027
4.50%, 06/01/47 (Call 12/01/46)		12,065		10,707,733
Westlake Corp., 3.60%, 08/15/26 (Call 05/15/26)^(a)		5,088		4,895,268


				360,004,209

Commercial Services — 0.7%
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)^(a)		9,669		7,972,355
1.70%, 05/15/28 (Call 03/15/28)		11,603		10,394,403
Equifax Inc.
2.35%, 09/15/31 (Call 06/15/31)		12,259		9,908,765
5.10%, 12/15/27 (Call 11/15/27)^(a)		8,220		8,329,062
Global Payments Inc.
2.15%, 01/15/27 (Call 12/15/26)		5,109		4,584,779
2.90%, 05/15/30 (Call 02/15/30)^(a)		11,900		10,183,945
2.90%, 11/15/31 (Call 08/15/31)^(a)		9,220		7,646,189
3.20%, 08/15/29 (Call 05/15/29)^(a)		14,071		12,466,717
4.15%, 08/15/49 (Call 02/15/49)		5,390		4,067,059
4.80%, 04/01/26 (Call 01/01/26)^(a)		1,750		1,730,333
5.40%, 08/15/32 (Call 05/15/32)^(a)		11,822		11,688,313
5.95%, 08/15/52 (Call 02/15/52)^(a)		5,865		5,683,951
Massachusetts Institute of Technology, 5.60%, 07/01/2111		8,361		9,484,480
PayPal Holdings Inc.
2.30%, 06/01/30 (Call 03/01/30)^(a)		10,100		8,696,352
2.65%, 10/01/26 (Call 08/01/26)		5,450		5,159,289
2.85%, 10/01/29 (Call 07/01/29)^(a)		16,224		14,734,460
3.25%, 06/01/50 (Call 12/01/49)^(a)		9,890		7,158,120
4.40%, 06/01/32 (Call 03/01/32)^(a)		10,748		10,562,590
5.05%, 06/01/52 (Call 12/01/51)^(a)		9,639		9,271,431
Quanta Services Inc., 2.90%, 10/01/30 (Call 07/01/30)^(a)		16,271		14,084,954
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		7,586		6,821,066
4.00%, 03/18/29 (Call 12/18/28)^(a)		10,307		10,099,285
S&P Global Inc.
2.45%, 03/01/27 (Call 02/01/27)^(a)		10,098		9,476,378
2.70%, 03/01/29 (Call 01/01/29)		17,865		16,342,954
2.90%, 03/01/32 (Call 12/01/31)^(a)		19,477		17,304,719
3.70%, 03/01/52 (Call 09/01/51)^(a)		11,429		9,542,680
4.25%, 05/01/29 (Call 02/01/29)^(a)		10,707		10,594,504


				253,989,133

Computers — 3.1%
Apple Inc.
1.25%, 08/20/30 (Call 05/20/30)		18,237		15,058,818
1.40%, 08/05/28 (Call 06/05/28)		23,074		20,296,047
1.65%, 05/11/30 (Call 02/11/30)		20,214		17,271,743
1.65%, 02/08/31 (Call 11/08/30)		27,215		22,960,844
1.70%, 08/05/31 (Call 05/05/31)^(a)		14,487		12,131,553
2.05%, 09/11/26 (Call 07/11/26)		21,092		19,780,529


Security	Par (000)		Value

Computers (continued)
2.20%, 09/11/29 (Call 06/11/29)^(a)	$	17,344	$	15,589,493
2.38%, 02/08/41 (Call 08/08/40)^(a)		17,216		12,903,587
2.40%, 08/20/50 (Call 02/20/50)		13,136		8,939,675
2.45%, 08/04/26 (Call 05/04/26)^(a)		22,488		21,478,439
2.55%, 08/20/60 (Call 02/20/60)^(a)		19,697		13,046,645
2.65%, 05/11/50 (Call 11/11/49)		27,059		19,236,324
2.65%, 02/08/51 (Call 08/08/50)		31,266		21,976,787
2.70%, 08/05/51 (Call 02/05/51)		19,630		13,920,020
2.80%, 02/08/61 (Call 02/08/60)		18,723		12,734,638
2.85%, 08/05/61 (Call 02/05/61)		15,431		10,626,378
2.90%, 09/12/27 (Call 06/12/27)^(a)		22,339		21,458,316
2.95%, 09/11/49 (Call 03/11/49)		18,272		13,840,028
3.00%, 06/20/27 (Call 03/20/27)^(a)		11,698		11,306,097
3.00%, 11/13/27 (Call 08/13/27)^(a)		15,514		14,956,028
3.20%, 05/11/27 (Call 02/11/27)^(a)		22,723		22,162,776
3.25%, 08/08/29 (Call 06/08/29)		14,092		13,510,885
3.35%, 02/09/27 (Call 11/09/26)^(a)		24,388		23,886,371
3.35%, 08/08/32 (Call 05/08/32)^(a)		15,759		14,924,641
3.45%, 02/09/45^(a)		20,540		17,534,643
3.75%, 09/12/47 (Call 03/12/47)^(a)		12,595		11,045,989
3.75%, 11/13/47 (Call 05/13/47)		13,833		12,142,248
3.85%, 05/04/43^(a)		32,578		29,843,311
3.85%, 08/04/46 (Call 02/04/46)		20,552		18,296,983
3.95%, 08/08/52 (Call 02/08/52)^(a)		18,716		16,648,582
4.10%, 08/08/62 (Call 02/08/62)		12,417		11,043,655
4.25%, 02/09/47 (Call 08/09/46)^(a)		10,849		10,394,674
4.38%, 05/13/45		21,054		20,415,441
4.45%, 05/06/44		10,878		10,852,594
4.50%, 02/23/36 (Call 08/23/35)^(a)		7,876		8,160,668
4.65%, 02/23/46 (Call 08/23/45)		39,921		40,156,861
Dell International LLC/EMC Corp.
3.38%, 12/15/41 (Call 06/15/41)^(a)(c)		10,622		7,532,782
3.45%, 12/15/51 (Call 06/15/51)^(a)(c)		12,670		8,346,109
4.90%, 10/01/26 (Call 08/01/26)		16,393		16,388,328
5.25%, 02/01/28 (Call 01/01/28)^(a)		11,353		11,465,237
5.30%, 10/01/29 (Call 07/01/29)^(a)		19,817		20,041,863
5.75%, 02/01/33 (Call 11/01/32)^(a)		10,520		10,647,608
6.02%, 06/15/26 (Call 03/15/26)		43,266		44,567,281
6.20%, 07/15/30 (Call 04/15/30)^(a)		8,779		9,269,969
8.10%, 07/15/36 (Call 01/15/36)^(a)		9,867		11,615,349
8.35%, 07/15/46 (Call 01/15/46)		7,781		9,655,642
Hewlett Packard Enterprise Co.
6.20%, 10/15/35 (Call 04/15/35)^(a)		3,248		3,504,807
6.35%, 10/15/45 (Call 04/15/45)^(a)		14,849		15,251,078
HP Inc.
1.45%, 06/17/26 (Call 05/17/26)^(a)		4,076		3,684,610
2.65%, 06/17/31 (Call 03/17/31)		11,154		9,097,787
3.00%, 06/17/27 (Call 04/17/27)^(a)		12,709		11,855,075
3.40%, 06/17/30 (Call 03/17/30)^(a)		6,961		6,149,872
4.00%, 04/15/29 (Call 02/15/29)^(a)		11,392		10,821,731
4.20%, 04/15/32 (Call 01/15/32)^(a)		12,000		10,767,054
4.75%, 01/15/28 (Call 12/15/27)		11,118		11,040,293
5.50%, 01/15/33 (Call 10/15/32)^(a)		12,693		12,599,110
6.00%, 09/15/41^(a)		12,968		13,158,890
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)^(a)		12,413		11,227,231
1.95%, 05/15/30 (Call 02/15/30)^(a)		16,610		13,992,800
2.95%, 05/15/50 (Call 11/15/49)^(a)		6,415		4,362,894
3.30%, 05/15/26^(a)		22,883		22,160,696
3.50%, 05/15/29		35,863		33,658,039


Security	Par (000)		Value

Computers (continued)
4.00%, 06/20/42^(a)	$	14,481	$	12,229,678
4.15%, 07/27/27 (Call 06/27/27)^(a)		8,251		8,183,188
4.15%, 05/15/39		20,934		18,570,357
4.25%, 05/15/49^(a)		30,999		26,800,381
4.40%, 07/27/32 (Call 04/27/32)^(a)		7,706		7,547,117
4.50%, 02/06/28 (Call 01/06/28)		12,750		12,763,793
4.75%, 02/06/33 (Call 11/06/32)^(a)		9,003		8,992,436
4.90%, 07/27/52 (Call 01/27/52)^(a)		8,112		7,582,726
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)^(a)		10,673		8,665,908
4.38%, 05/15/30 (Call 02/15/30)		6,136		5,777,506
5.75%, 03/15/33 (Call 12/15/32)^(a)		500		510,914


				1,061,018,450

Cosmetics & Personal Care — 0.8%
GSK Consumer Healthcare Capital U.S. LLC
3.38%, 03/24/27 (Call 02/24/27)^(a)		21,431		20,462,638
3.38%, 03/24/29 (Call 01/24/29)^(a)		11,038		10,259,526
3.63%, 03/24/32 (Call 12/24/31)		21,607		19,835,274
4.00%, 03/24/52 (Call 09/24/51)^(a)		8,075		6,805,341
Kenvue Inc.
4.90%, 03/22/33 (Call 12/22/32)		17,728		18,353,148
5.00%, 03/22/30 (Call 01/22/30)^(a)		11,590		12,022,608
5.05%, 03/22/28 (Call 02/22/28)^(c)		11,404		11,809,961
5.05%, 03/22/53 (Call 09/22/52)		15,575		16,197,363
5.10%, 03/22/43 (Call 09/22/42)		9,082		9,417,089
5.20%, 03/22/63 (Call 09/22/62)^(c)		8,505		8,849,331
Procter & Gamble Co. (The)
1.00%, 04/23/26^(a)		1,384		1,270,314
1.20%, 10/29/30		19,589		16,101,329
1.90%, 02/01/27^(a)		8,389		7,839,531
1.95%, 04/23/31^(a)		10,408		9,050,326
2.30%, 02/01/32^(a)		9,511		8,437,135
2.45%, 11/03/26^(a)		10,299		9,797,384
2.85%, 08/11/27^(a)		10,834		10,407,118
3.00%, 03/25/30^(a)		16,381		15,435,046
4.05%, 01/26/33^(a)		3,634		3,662,330
Unilever Capital Corp.
1.75%, 08/12/31 (Call 05/12/31)^(a)		7,219		5,959,089
2.13%, 09/06/29 (Call 06/06/29)		7,845		6,959,181
2.90%, 05/05/27 (Call 02/05/27)		6,282		6,014,564
3.50%, 03/22/28 (Call 12/22/27)^(a)		12,775		12,517,308
5.90%, 11/15/32^(a)		12,687		14,295,559


				261,758,493

Diversified Financial Services — 2.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
2.45%, 10/29/26 (Call 09/29/26)^(a)		41,683		37,397,942
3.00%, 10/29/28 (Call 08/29/28)		40,547		35,323,800
3.30%, 01/30/32 (Call 10/30/31)		37,216		30,522,081
3.40%, 10/29/33 (Call 07/29/33)^(a)		20,142		16,187,628
3.65%, 07/21/27 (Call 04/21/27)		12,253		11,396,494
3.85%, 10/29/41 (Call 04/29/41)^(a)		17,771		13,366,930
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)^(a)		12,222		10,876,000
2.20%, 01/15/27 (Call 12/15/26)^(a)		8,593		7,690,267
2.88%, 01/15/32 (Call 10/15/31)^(a)		5,857		4,800,890
3.13%, 12/01/30 (Call 09/01/30)		5,678		4,840,012
3.75%, 06/01/26 (Call 04/01/26)^(a)		7,763		7,394,330


Security	Par (000)		Value

Diversified Financial Services (continued)
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)^(a)	$	5,584	$	4,538,061
4.75%, 06/09/27 (Call 05/09/27)^(a)		3,015		2,855,446
7.10%, 11/15/27 (Call 10/15/27)^(a)		6,415		6,609,793
8.00%, 11/01/31^(a)		25,466		26,803,729
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)^(a)		12,012		10,884,520
2.55%, 03/04/27 (Call 02/01/27)		16,534		15,306,875
3.13%, 05/20/26 (Call 04/20/26)^(a)		1,078		1,034,420
3.30%, 05/03/27 (Call 04/02/27)^(a)		17,815		16,931,679
4.05%, 05/03/29 (Call 03/03/29)^(a)		6,079		5,954,270
4.05%, 12/03/42^(a)		12,277		11,135,969
5.04%, 05/01/34 (Call 05/01/33)		20,000		20,053,000
5.85%, 11/05/27 (Call 10/05/27)		14,648		15,324,282
Ameriprise Financial Inc., 5.15%, 05/15/33 (Call 02/15/33)		5,638		5,683,698
Brookfield Finance Inc.
3.50%, 03/30/51 (Call 09/30/50)^(a)		6,685		4,538,210
3.90%, 01/25/28 (Call 10/25/27)^(a)		10,371		9,813,790
4.35%, 04/15/30 (Call 01/15/30)^(a)		7,266		6,890,362
4.70%, 09/20/47 (Call 03/20/47)		9,470		8,209,554
4.85%, 03/29/29 (Call 12/29/28)		15,230		14,997,170
Capital One Financial Corp.
3.65%, 05/11/27 (Call 04/11/27)^(a)		7,616		7,097,746
3.75%, 07/28/26 (Call 06/28/26)		7,900		7,409,709
3.75%, 03/09/27 (Call 02/09/27)^(a)		15,464		14,491,554
3.80%, 01/31/28 (Call 12/31/27)^(a)		13,806		12,908,167
Charles Schwab Corp. (The)
1.15%, 05/13/26 (Call 04/13/26)^(a)		3,623		3,207,775
1.65%, 03/11/31 (Call 12/11/30)^(a)		9,012		7,019,894
1.95%, 12/01/31 (Call 09/01/31)^(a)		8,363		6,553,754
2.00%, 03/20/28 (Call 01/20/28)^(a)		17,526		15,267,389
2.30%, 05/13/31 (Call 02/13/31)^(a)		9,483		7,755,664
2.45%, 03/03/27 (Call 02/03/27)		20,969		19,015,471
2.90%, 03/03/32 (Call 12/03/31)^(a)		11,732		9,925,961
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		5,183		4,543,528
5.30%, 09/15/43 (Call 03/15/43)		7,364		7,792,165
Discover Financial Services
4.10%, 02/09/27 (Call 11/09/26)^(a)		10,075		9,589,482
6.70%, 11/29/32 (Call 08/29/32)		4,324		4,574,331
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)		16,586		13,192,954
2.10%, 06/15/30 (Call 03/15/30)^(a)		14,675		12,449,756
2.65%, 09/15/40 (Call 03/15/40)		14,541		10,649,791
3.00%, 06/15/50 (Call 12/15/49)^(a)		13,554		9,719,287
3.00%, 09/15/60 (Call 03/15/60)^(a)		15,236		10,209,267
4.00%, 09/15/27 (Call 08/15/27)^(a)		17,218		17,047,745
4.25%, 09/21/48 (Call 03/21/48)		14,157		12,515,739
4.35%, 06/15/29 (Call 04/15/29)^(a)		16,286		16,135,700
4.60%, 03/15/33 (Call 12/15/32)^(a)		17,345		17,327,563
4.95%, 06/15/52 (Call 12/15/51)^(a)		14,453		14,409,715
5.20%, 06/15/62 (Call 01/15/62)^(a)		10,067		10,235,319
Jefferies Financial Group Inc.
4.15%, 01/23/30		11,227		10,416,682
4.85%, 01/15/27^(a)		4,047		3,992,057
Jefferies Group LLC/Jefferies Group Capital Finance Inc., 2.63%, 10/15/31 (Call 07/15/31)^(a)		12,244		9,849,914
Mastercard Inc.
2.00%, 11/18/31 (Call 08/18/31)		6,187		5,249,819


Security	Par (000)		Value

Diversified Financial Services (continued)
2.95%, 11/21/26 (Call 08/21/26)^(a)	$	4,076	$	3,920,271
2.95%, 06/01/29 (Call 03/01/29)^(a)		14,673		13,784,949
3.30%, 03/26/27 (Call 01/26/27)^(a)		7,816		7,581,167
3.35%, 03/26/30 (Call 12/26/29)^(a)		18,908		17,929,900
3.65%, 06/01/49 (Call 12/01/48)		4,660		4,005,289
3.85%, 03/26/50 (Call 09/26/49)^(a)		14,799		13,109,010
4.85%, 03/09/33 (Call 12/09/32)		7,822		8,162,843
4.88%, 03/09/28 (Call 02/09/28)^(a)		6,745		6,997,280
Nomura Holdings Inc.
1.65%, 07/14/26		11,387		10,097,582
2.17%, 07/14/28		14,186		11,946,530
2.33%, 01/22/27		14,212		12,635,588
2.61%, 07/14/31^(a)		12,506		9,957,560
2.68%, 07/16/30^(a)		12,575		10,317,466
3.00%, 01/22/32		9,065		7,388,142
3.10%, 01/16/30		15,308		13,091,189
6.18%, 01/18/33		4,900		5,053,687
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)^(a)		7,676		5,742,915
4.95%, 07/15/46		7,702		7,103,539
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)^(a)		6,148		4,542,166
3.95%, 12/01/27 (Call 09/01/27)^(a)		8,755		7,732,938
Visa Inc.
1.10%, 02/15/31 (Call 11/15/30)^(a)		10,536		8,458,481
1.90%, 04/15/27 (Call 02/15/27)^(a)		13,651		12,679,865
2.00%, 08/15/50 (Call 02/15/50)^(a)		18,537		11,736,657
2.05%, 04/15/30 (Call 01/15/30)		17,801		15,602,665
2.70%, 04/15/40 (Call 10/15/39)^(a)		12,050		9,602,047
2.75%, 09/15/27 (Call 06/15/27)^(a)		7,393		7,061,256
3.65%, 09/15/47 (Call 03/15/47)		7,629		6,701,024
4.15%, 12/14/35 (Call 06/14/35)		15,905		15,687,117
4.30%, 12/14/45 (Call 06/14/45)^(a)		34,527		33,441,578


				979,985,801

Electric — 3.2%
AES Corp. (The), 2.45%, 01/15/31 (Call 10/15/30)^(a)		17,445		14,310,495
Ameren Corp., 3.50%, 01/15/31 (Call 10/15/30)^(a)		5,920		5,396,253
American Electric Power Co. Inc., 5.63%, 03/01/33 (Call 12/01/32)		5,832		6,108,007
Avangrid Inc., 3.80%, 06/01/29 (Call 03/01/29)		10,286		9,700,098
Berkshire Hathaway Energy Co.
2.85%, 05/15/51 (Call 11/15/50)		16,723		11,580,659
3.70%, 07/15/30 (Call 04/15/30)		9,029		8,654,521
3.80%, 07/15/48 (Call 01/15/48)		7,500		6,209,386
4.25%, 10/15/50 (Call 04/15/50)		10,506		9,208,734
4.45%, 01/15/49 (Call 07/15/48)		10,885		9,853,223
4.50%, 02/01/45 (Call 08/01/44)		8,099		7,399,156
4.60%, 05/01/53 (Call 11/01/52)^(a)		10,018		9,369,827
5.15%, 11/15/43 (Call 05/15/43)		8,502		8,549,769
6.13%, 04/01/36		17,704		19,801,708
Commonwealth Edison Co., 4.00%, 03/01/48 (Call 09/01/47)		7,722		6,635,821
Connecticut Light & Power Co. (The), 4.00%, 04/01/48 (Call 10/01/47)^(a)		3,156		2,760,720
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31 (Call 03/15/31)^(a)		8,366		7,153,968
3.60%, 06/15/61 (Call 12/15/60)		12,840		9,862,897
4.45%, 03/15/44 (Call 09/15/43)		3,590		3,248,209
4.63%, 12/01/54 (Call 06/01/54)		3,465		3,143,782
Series 20B, 3.95%, 04/01/50 (Call 10/01/49)^(a)		10,361		8,644,566


Security	Par (000)		Value

Electric (continued)
Constellation Energy Generation LLC
5.60%, 03/01/28 (Call 02/01/28)^(a)	$	5,425	$	5,612,998
5.60%, 06/15/42 (Call 12/15/41)^(a)		8,517		8,404,289
6.25%, 10/01/39^(a)		10,703		11,349,794
Dominion Energy Inc.
5.38%, 11/15/32 (Call 08/15/32)^(a)		6,160		6,321,157
Series C, 2.25%, 08/15/31 (Call 05/15/31)		15,956		13,262,249
Series C, 3.38%, 04/01/30 (Call 01/01/30)		12,479		11,375,309
Duke Energy Carolinas LLC
3.20%, 08/15/49 (Call 02/15/49)		7,739		5,755,504
4.95%, 01/15/33 (Call 10/15/32)		6,606		6,804,013
5.30%, 02/15/40		9,944		10,336,967
5.35%, 01/15/53 (Call 07/15/52)^(a)		9,858		10,369,745
Duke Energy Corp.
2.45%, 06/01/30 (Call 03/01/30)		11,076		9,526,736
2.55%, 06/15/31 (Call 03/15/31)		13,745		11,592,617
2.65%, 09/01/26 (Call 06/01/26)		12,284		11,543,862
3.15%, 08/15/27 (Call 05/15/27)		5,771		5,467,093
3.30%, 06/15/41 (Call 12/15/40)		7,702		5,889,203
3.50%, 06/15/51 (Call 12/15/50)^(a)		9,082		6,751,409
3.75%, 09/01/46 (Call 03/01/46)^(a)		17,180		13,485,896
4.30%, 03/15/28 (Call 02/15/28)^(a)		9,837		9,699,057
4.50%, 08/15/32 (Call 05/15/32)^(a)		11,660		11,314,080
5.00%, 08/15/52 (Call 02/15/52)^(a)		12,938		12,138,552
Duke Energy Florida LLC, 6.40%, 06/15/38		11,216		12,825,886
Emera U.S. Finance LP
3.55%, 06/15/26 (Call 03/15/26)		2,483		2,377,740
4.75%, 06/15/46 (Call 12/15/45)		8,388		6,971,339
Entergy Corp., 2.95%, 09/01/26 (Call 06/01/26)		3,716		3,515,407
Entergy Louisiana LLC, 4.20%, 09/01/48 (Call 03/01/48)		5,678		4,955,560
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29)^(a)		6,774		6,101,697
Eversource Energy, 5.45%, 03/01/28 (Call 02/01/28)		4,939		5,125,793
Exelon Corp.
3.40%, 04/15/26 (Call 01/15/26)		1,649		1,593,594
4.05%, 04/15/30 (Call 01/15/30)		9,916		9,528,287
4.45%, 04/15/46 (Call 10/15/45)		8,095		7,073,716
4.70%, 04/15/50 (Call 10/15/49)		7,976		7,281,819
5.15%, 03/15/28 (Call 02/15/28)^(a)		9,089		9,290,384
5.30%, 03/15/33 (Call 12/15/32)		10,198		10,498,775
Florida Power & Light Co.
2.45%, 02/03/32 (Call 11/03/31)		16,946		14,553,409
2.88%, 12/04/51 (Call 06/04/51)		14,375		10,312,750
3.15%, 10/01/49 (Call 04/01/49)		7,141		5,394,800
3.95%, 03/01/48 (Call 09/01/47)		9,670		8,410,110
5.05%, 04/01/28 (Call 03/01/28)^(a)		6,738		6,977,381
5.10%, 04/01/33 (Call 01/01/33)^(a)		9,933		10,362,654
5.30%, 04/01/53 (Call 10/01/52)^(a)		9,474		10,099,805
Georgia Power Co.
4.30%, 03/15/42^(a)		13,763		12,202,543
5.13%, 05/15/52 (Call 11/15/51)^(a)		7,072		7,002,945
Series A, 3.25%, 03/15/51 (Call 09/15/50)^(a)		5,741		4,143,872
MidAmerican Energy Co.
3.65%, 04/15/29 (Call 01/15/29)^(a)		10,053		9,707,115
4.25%, 07/15/49 (Call 01/15/49)		10,347		9,336,777
NextEra Energy Capital Holdings Inc.
1.88%, 01/15/27 (Call 12/15/26)		6,154		5,593,435
1.90%, 06/15/28 (Call 04/15/28)		22,922		20,209,291
2.25%, 06/01/30 (Call 03/01/30)		21,720		18,446,173
2.44%, 01/15/32 (Call 10/15/31)^(a)		12,131		10,071,514


Security	Par (000)		Value

Electric (continued)
2.75%, 11/01/29 (Call 08/01/29)	$	4,484	$	4,001,840
3.55%, 05/01/27 (Call 02/01/27)^(a)		15,031		14,524,058
4.63%, 07/15/27 (Call 06/15/27)		12,144		12,160,699
4.90%, 02/28/28 (Call 01/28/28)^(a)		17,388		17,600,097
5.00%, 07/15/32 (Call 04/15/32)^(a)		12,164		12,280,982
5.05%, 02/28/33 (Call 11/28/32)^(a)		11,542		11,655,728
5.25%, 02/28/53 (Call 08/28/52)		12,950		12,842,527
Pacific Gas and Electric Co.
2.10%, 08/01/27 (Call 06/01/27)		8,601		7,522,021
2.50%, 02/01/31 (Call 11/01/30)		24,760		20,085,181
3.00%, 06/15/28 (Call 04/15/28)		5,657		5,031,926
3.25%, 06/01/31 (Call 03/01/31)^(a)		7,831		6,619,444
3.30%, 12/01/27 (Call 09/01/27)^(a)		11,478		10,362,749
3.30%, 08/01/40 (Call 02/01/40)^(a)		10,135		7,113,549
3.50%, 08/01/50 (Call 02/01/50)^(a)		22,956		15,063,257
3.75%, 07/01/28^(a)		6,802		6,290,490
3.95%, 12/01/47 (Call 06/01/47)		7,612		5,379,796
4.50%, 07/01/40 (Call 01/01/40)		20,135		16,370,395
4.55%, 07/01/30 (Call 01/01/30)		35,012		32,575,655
4.95%, 07/01/50 (Call 01/01/50)^(a)		32,849		26,766,883
6.15%, 01/15/33 (Call 10/15/32)		5,354		5,440,711
6.70%, 04/01/53 (Call 10/01/52)		4,106		4,191,360
6.75%, 01/15/53 (Call 07/15/52)		7,722		7,914,555
PacifiCorp
2.90%, 06/15/52 (Call 12/15/51)^(a)		10,520		7,331,529
5.35%, 12/01/53 (Call 06/01/53)^(a)		11,930		12,433,241
PPL Electric Utilities Corp., 5.25%, 05/15/53 (Call 11/15/52)^(a)		4,081		4,252,917
Public Service Co. of Colorado
1.88%, 06/15/31 (Call 12/15/30)		5,992		4,944,377
5.25%, 04/01/53 (Call 10/01/52)		13,150		13,559,883
Public Service Enterprise Group Inc., 2.45%, 11/15/31 (Call 08/15/31)^(a)		4,903		4,095,926
San Diego Gas & Electric Co.
5.35%, 04/01/53 (Call 10/01/52)^(a)		4,537		4,705,961
Series VVV, 1.70%, 10/01/30 (Call 07/01/30)^(a)		5,822		4,796,893
Series WWW, 2.95%, 08/15/51 (Call 02/15/51)^(a)		12,813		9,030,095
Sempra Energy
3.25%, 06/15/27 (Call 03/15/27)^(a)		7,480		7,051,391
3.40%, 02/01/28 (Call 10/01/27)		11,204		10,570,068
3.80%, 02/01/38 (Call 08/01/37)^(a)		11,433		10,042,637
4.00%, 02/01/48 (Call 08/01/47)		7,982		6,512,652
6.00%, 10/15/39		8,288		8,751,507
Southern California Edison Co.
3.65%, 02/01/50 (Call 08/01/49)		13,589		10,570,231
4.00%, 04/01/47 (Call 10/01/46)^(a)		19,999		16,562,424
4.65%, 10/01/43 (Call 04/01/43)		10,526		9,619,783
5.30%, 03/01/28 (Call 02/01/28)^(a)		1,105		1,134,822
5.85%, 11/01/27 (Call 10/01/27)		3,430		3,609,715
5.95%, 11/01/32 (Call 08/01/32)^(a)		4,712		5,125,203
Series 20A, 2.95%, 02/01/51 (Call 08/01/50)		6,907		4,725,385
Series C, 4.13%, 03/01/48 (Call 09/01/47)^(a)		11,604		9,863,781
Southern Co. (The)
3.25%, 07/01/26 (Call 04/01/26)		12,893		12,346,149
4.40%, 07/01/46 (Call 01/01/46)^(a)		17,042		14,926,819
Series A, 3.70%, 04/30/30 (Call 01/30/30)^(a)		8,711		8,168,943
Series B, 4.00%, 01/15/51 (Call 01/15/26), (5-year CMT + 3.733%)^(b)		12,522		11,702,360
Virginia Electric & Power Co.
2.45%, 12/15/50 (Call 06/15/50)		3,802		2,356,496


Security	Par (000)		Value

Electric (continued)
2.95%, 11/15/51 (Call 05/15/51)^(a)	$	3,945	$	2,717,467
5.00%, 04/01/33 (Call 01/01/33)		8,019		8,119,269
5.45%, 04/01/53 (Call 10/01/52)		11,971		12,272,441
Series A, 3.50%, 03/15/27 (Call 12/15/26)		4,083		3,952,843


				1,112,204,011

Electrical Components & Equipment — 0.1%
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)^(a)		6,167		5,520,039
2.00%, 12/21/28 (Call 10/21/28)^(a)		12,900		11,448,252
2.20%, 12/21/31 (Call 09/21/31)^(a)		11,228		9,497,718
2.80%, 12/21/51 (Call 06/21/51)		6,330		4,285,447


				30,751,456

Electronics — 0.2%
Amphenol Corp.
2.20%, 09/15/31 (Call 06/15/31)^(a)		8,278		6,915,894
2.80%, 02/15/30 (Call 11/15/29)		8,562		7,665,263
Honeywell International Inc.
1.10%, 03/01/27 (Call 02/01/27)^(a)		10,885		9,797,118
1.75%, 09/01/31 (Call 06/01/31)		18,132		14,990,910
1.95%, 06/01/30 (Call 03/01/30)		8,195		7,014,421
2.50%, 11/01/26 (Call 08/01/26)^(a)		13,323		12,673,594
2.70%, 08/15/29 (Call 05/15/29)^(a)		8,790		8,111,836
2.80%, 06/01/50 (Call 12/01/49)^(a)		4,101		3,097,116
5.00%, 02/15/33 (Call 11/15/32)^(a)		12,695		13,381,819


				83,647,971

Entertainment — 0.6%
Magallanes Inc.
3.76%, 03/15/27 (Call 02/15/27)^(a)(c)		38,392		36,246,010
4.05%, 03/15/29 (Call 01/15/29)^(c)		10,168		9,428,252
4.28%, 03/15/32 (Call 12/15/31)^(a)(c)		50,269		44,693,730
5.05%, 03/15/42 (Call 09/15/41)^(c)		47,877		39,619,979
5.14%, 03/15/52 (Call 09/15/51)^(c)		69,170		55,383,437
5.39%, 03/15/62 (Call 09/15/61)^(c)		27,801		22,352,738


				207,724,146

Environmental Control — 0.2%
Republic Services Inc.
1.75%, 02/15/32 (Call 11/15/31)^(a)		9,693		7,852,936
3.95%, 05/15/28 (Call 02/15/28)		9,590		9,407,731
5.00%, 04/01/34 (Call 01/01/34)		6,244		6,388,122
Waste Connections Inc.
2.95%, 01/15/52 (Call 07/15/51)		6,048		4,190,119
4.20%, 01/15/33 (Call 10/15/32)		8,399		8,071,676
Waste Management Inc.
1.50%, 03/15/31 (Call 12/15/30)^(a)		9,689		7,851,839
3.15%, 11/15/27 (Call 08/15/27)^(a)		5,136		4,914,414
4.15%, 04/15/32 (Call 01/15/32)^(a)		11,155		10,948,042
4.63%, 02/15/30 (Call 12/15/29)^(a)		8,778		8,902,469


				68,527,348

Food — 1.1%
Campbell Soup Co., 4.15%, 03/15/28 (Call 12/15/27)		10,360		10,195,954
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		12,597		10,856,402
4.85%, 11/01/28 (Call 08/01/28)^(a)		13,091		13,077,770
5.30%, 11/01/38 (Call 05/01/38)		8,230		8,122,585
5.40%, 11/01/48 (Call 05/01/48)^(a)		9,400		9,140,956
General Mills Inc.
2.88%, 04/15/30 (Call 01/15/30)^(a)		6,661		6,038,434
3.20%, 02/10/27 (Call 11/10/26)^(a)		7,191		6,941,512
4.20%, 04/17/28 (Call 01/17/28)^(a)		15,462		15,351,768


Security	Par (000)		Value

Food (continued)
4.95%, 03/29/33 (Call 12/29/32)^(a)	$	10,904	$	11,103,223
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		6,992		6,241,777
1.80%, 06/11/30 (Call 03/11/30)		6,717		5,662,628
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
2.50%, 01/15/27 (Call 12/15/26)^(a)(c)		4,232		3,740,876
3.63%, 01/15/32 (Call 01/15/27)^(a)(c)		8,796		7,263,781
Kraft Heinz Foods Co.
3.00%, 06/01/26 (Call 03/01/26)		15,612		14,941,551
3.88%, 05/15/27 (Call 02/15/27)		10,999		10,722,057
4.38%, 06/01/46 (Call 12/01/45)		33,348		29,102,686
4.88%, 10/01/49 (Call 04/01/49)^(a)		16,137		14,980,001
5.00%, 06/04/42		16,507		15,825,406
5.20%, 07/15/45 (Call 01/15/45)^(a)		21,847		21,238,174
5.50%, 06/01/50 (Call 12/01/49)		7,195		7,256,740
6.88%, 01/26/39		11,643		13,289,015
Kroger Co. (The)
2.65%, 10/15/26 (Call 07/15/26)^(a)		5,577		5,286,594
3.95%, 01/15/50 (Call 07/15/49)^(a)		5,225		4,283,175
4.45%, 02/01/47 (Call 08/01/46)		7,141		6,337,835
McCormick & Co. Inc./MD, 3.40%, 08/15/27 (Call 05/15/27)^(a)		5,629		5,369,676
Mondelez International Inc.
2.63%, 03/17/27 (Call 01/17/27)^(a)		5,889		5,522,009
2.63%, 09/04/50 (Call 03/04/50)^(a)		8,054		5,366,137
2.75%, 04/13/30 (Call 01/13/30)		10,551		9,382,272
3.00%, 03/17/32 (Call 12/17/31)		7,525		6,647,756
Sysco Corp.
3.15%, 12/14/51 (Call 06/14/51)		8,403		5,874,800
3.25%, 07/15/27 (Call 04/15/27)^(a)		5,886		5,604,145
3.30%, 07/15/26 (Call 04/15/26)		6,380		6,162,739
5.95%, 04/01/30 (Call 01/01/30)		10,923		11,671,594
6.60%, 04/01/50 (Call 10/01/49)^(a)		12,436		14,303,498
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		12,634		12,119,201
4.35%, 03/01/29 (Call 12/01/28)		10,750		10,509,367
4.55%, 06/02/47 (Call 12/02/46)		7,108		6,223,603
5.10%, 09/28/48 (Call 03/28/48)		15,205		14,389,506


				376,147,203

Gas — 0.2%
Atmos Energy Corp., 4.13%, 10/15/44 (Call 04/15/44)		7,558		6,619,556
NiSource Inc.
1.70%, 02/15/31 (Call 11/15/30)^(a)		12,365		9,921,270
2.95%, 09/01/29 (Call 06/01/29)^(a)		13,109		11,814,235
3.49%, 05/15/27 (Call 02/15/27)^(a)		8,619		8,266,082
3.60%, 05/01/30 (Call 02/01/30)^(a)		12,698		11,792,325
3.95%, 03/30/48 (Call 09/30/47)		8,814		7,264,685
4.38%, 05/15/47 (Call 11/15/46)^(a)		8,692		7,665,908
4.80%, 02/15/44 (Call 08/15/43)		8,571		8,009,042
5.25%, 03/30/28 (Call 02/29/28)^(a)		4,745		4,845,905


				76,199,008

Hand & Machine Tools — 0.1%
Regal Rexnord Corp.
6.05%, 04/15/28 (Call 03/15/28)^(c)		12,138		12,240,323
6.30%, 02/15/30 (Call 12/15/29)^(c)		10,977		11,163,609
6.40%, 04/15/33 (Call 01/15/33)^(a)(c)		12,538		12,758,732


Security	Par (000)		Value

Hand & Machine Tools (continued)
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)^(a)	$	12,185	$	10,166,014
2.75%, 11/15/50 (Call 05/15/50)		2,844		1,722,874


				48,051,552

Health Care - Products — 0.9%
Abbott Laboratories
3.75%, 11/30/26 (Call 08/30/26)^(a)		14,277		14,236,663
4.75%, 11/30/36 (Call 05/30/36)		14,395		14,933,960
4.90%, 11/30/46 (Call 05/30/46)		31,925		32,798,666
Baxter International Inc.
1.92%, 02/01/27 (Call 01/01/27)		13,923		12,524,760
2.27%, 12/01/28 (Call 10/01/28)^(a)		13,134		11,477,896
2.54%, 02/01/32 (Call 11/01/31)^(a)		17,484		14,398,564
2.60%, 08/15/26 (Call 05/15/26)		4,982		4,649,401
3.13%, 12/01/51 (Call 06/01/51)^(a)		6,819		4,540,219
Boston Scientific Corp., 2.65%, 06/01/30 (Call 03/01/30)		12,798		11,320,322
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)^(a)		9,573		6,500,219
2.80%, 12/10/51 (Call 06/10/51)^(a)		10,291		7,200,947
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)^(a)		7,567		6,832,028
3.25%, 11/15/39 (Call 05/15/39)		8,460		7,053,445
3.40%, 11/15/49 (Call 05/15/49)^(a)		7,685		6,078,974
GE Healthcare Holding LLC
5.65%, 11/15/27 (Call 10/15/27)^(c)		17,170		17,708,810
5.86%, 03/15/30 (Call 01/15/30)^(a)(c)		16,015		16,861,947
5.91%, 11/22/32 (Call 08/22/32)^(a)(c)		18,074		19,338,322
6.38%, 11/22/52 (Call 05/22/52)^(a)(c)		8,157		9,176,666
Medtronic Global Holdings SCA
4.25%, 03/30/28 (Call 02/29/28)		6,647		6,659,674
4.50%, 03/30/33 (Call 12/30/32)		11,882		11,985,170
Medtronic Inc.
4.38%, 03/15/35^(a)		17,016		16,919,626
4.63%, 03/15/45^(a)		15,934		16,061,940
PerkinElmer Inc., 3.30%, 09/15/29 (Call 06/15/29)^(a)		7,696		6,970,385
Stryker Corp.
1.95%, 06/15/30 (Call 03/15/30)		9,837		8,309,935
4.63%, 03/15/46 (Call 09/15/45)^(a)		5,173		4,824,876
Thermo Fisher Scientific Inc.
2.00%, 10/15/31 (Call 07/15/31)^(a)		14,074		11,769,881
2.60%, 10/01/29 (Call 07/01/29)^(a)		9,393		8,544,852
2.80%, 10/15/41 (Call 04/15/41)		10,410		7,988,944
4.10%, 08/15/47 (Call 02/15/47)^(a)		4,030		3,671,893
Zimmer Biomet Holdings Inc., 2.60%, 11/24/31 (Call 08/24/31)^(a)		6,138		5,193,768


				326,532,753

Health Care - Services — 3.2%
Aetna Inc.
3.88%, 08/15/47 (Call 02/15/47)^(a)		7,859		6,218,282
6.63%, 06/15/36		11,093		12,354,669
Ascension Health
3.95%, 11/15/46^(a)		8,731		7,638,074
Series B, 2.53%, 11/15/29 (Call 08/15/29)^(a)		8,016		7,124,933
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)		24,579		21,381,186
2.50%, 03/01/31 (Call 12/01/30)		25,303		20,662,602
2.63%, 08/01/31 (Call 05/01/31)		16,186		13,233,835
3.00%, 10/15/30 (Call 07/15/30)		23,150		19,750,631


Security	Par (000)		Value

Health Care - Services (continued)
3.38%, 02/15/30 (Call 02/15/25)^(a)	$	20,880	$	18,428,897
4.25%, 12/15/27 (Call 12/15/23)^(a)		23,612		22,577,086
4.63%, 12/15/29 (Call 12/15/24)^(a)		36,785		34,672,831
CommonSpirit Health
3.35%, 10/01/29 (Call 04/01/29)		6,324		5,717,283
4.19%, 10/01/49 (Call 04/01/49)		2,680		2,234,888
Elevance Health Inc.
2.25%, 05/15/30 (Call 02/15/30)		11,617		9,987,044
2.55%, 03/15/31 (Call 12/15/30)		9,855		8,509,398
2.88%, 09/15/29 (Call 06/15/29)^(a)		6,647		6,062,148
3.13%, 05/15/50 (Call 11/15/49)		11,881		8,577,641
3.60%, 03/15/51 (Call 09/15/50)		9,270		7,252,748
3.65%, 12/01/27 (Call 09/01/27)		20,335		19,726,587
3.70%, 09/15/49 (Call 03/15/49)		9,431		7,508,154
4.10%, 03/01/28 (Call 12/01/27)		12,940		12,740,580
4.38%, 12/01/47 (Call 06/01/47)		14,767		13,165,161
4.55%, 03/01/48 (Call 09/01/47)		10,416		9,437,424
4.63%, 05/15/42		10,819		10,087,170
4.65%, 01/15/43		11,912		11,208,152
4.65%, 08/15/44 (Call 02/15/44)		9,686		8,972,912
4.75%, 02/15/33 (Call 11/15/32)		9,420		9,465,269
5.13%, 02/15/53 (Call 08/15/52)		12,776		12,681,023
6.10%, 10/15/52 (Call 04/15/52)		8,926		9,960,316
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		10,320		8,413,434
3.13%, 03/15/27 (Call 02/15/27)^(c)		11,836		11,117,502
3.50%, 09/01/30 (Call 03/01/30)		25,820		23,206,500
3.50%, 07/15/51 (Call 01/15/51)^(a)		17,524		12,204,316
3.63%, 03/15/32 (Call 12/15/31)^(a)(c)		21,777		19,293,562
4.13%, 06/15/29 (Call 03/15/29)		21,630		20,516,174
4.50%, 02/15/27 (Call 08/15/26)		14,063		13,818,654
4.63%, 03/15/52 (Call 09/15/51)^(a)(c)		22,618		18,770,486
5.13%, 06/15/39 (Call 12/15/38)^(a)		9,133		8,520,743
5.25%, 06/15/26 (Call 12/15/25)		10,489		10,527,945
5.25%, 06/15/49 (Call 12/15/48)		21,257		19,313,764
5.38%, 09/01/26 (Call 03/01/26)^(a)		8,028		8,083,233
5.50%, 06/15/47 (Call 12/15/46)		15,260		14,366,078
5.63%, 09/01/28 (Call 03/01/28)^(a)		13,421		13,676,938
5.88%, 02/01/29 (Call 08/01/28)		10,821		11,134,578
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)		7,557		6,708,455
2.15%, 02/03/32 (Call 11/03/31)		9,032		7,317,155
3.70%, 03/23/29 (Call 02/23/29)		5,355		5,070,283
4.95%, 10/01/44 (Call 04/01/44)		3,016		2,820,607
5.50%, 03/15/53 (Call 09/15/52)		11,159		11,382,236
5.88%, 03/01/33 (Call 12/01/32)^(a)		11,363		12,216,460
Kaiser Foundation Hospitals
4.15%, 05/01/47 (Call 11/01/46)		11,470		10,414,051
Series 2019, 3.27%, 11/01/49 (Call 05/12/49)^(a)		5,796		4,491,090
Series 2021, 2.81%, 06/01/41 (Call 12/01/40)^(a)		13,864		10,397,339
Series 2021, 3.00%, 06/01/51 (Call 12/01/50)^(a)		6,866		4,893,902
Laboratory Corp. of America Holdings, 4.70%, 02/01/45 (Call 08/01/44)		6,849		6,129,022
Quest Diagnostics Inc., 2.95%, 06/30/30 (Call 03/30/30)^(a)		7,497		6,725,712
UnitedHealth Group Inc.
1.15%, 05/15/26 (Call 04/15/26)^(a)		6,083		5,576,062
2.00%, 05/15/30		11,929		10,245,919
2.30%, 05/15/31 (Call 02/15/31)^(a)		14,034		12,131,199
2.75%, 05/15/40 (Call 11/15/39)^(a)		9,763		7,474,851


Security	Par (000)		Value

Health Care - Services (continued)
2.88%, 08/15/29^(a)	$	8,596	$	7,936,915
2.90%, 05/15/50 (Call 11/15/49)		11,716		8,376,560
2.95%, 10/15/27		10,045		9,558,941
3.05%, 05/15/41 (Call 11/15/40)^(a)		14,655		11,637,829
3.13%, 05/15/60 (Call 11/15/59)^(a)		9,520		6,775,686
3.25%, 05/15/51 (Call 11/15/50)^(a)		20,902		15,876,599
3.45%, 01/15/27		9,492		9,263,088
3.50%, 08/15/39 (Call 02/15/39)		12,858		11,003,062
3.70%, 08/15/49 (Call 02/15/49)		12,336		10,118,967
3.75%, 10/15/47 (Call 04/15/47)		8,989		7,494,261
3.85%, 06/15/28^(a)		10,686		10,520,783
3.88%, 12/15/28		8,163		8,021,970
3.88%, 08/15/59 (Call 02/15/59)		10,311		8,415,788
4.00%, 05/15/29 (Call 03/15/29)^(a)		8,145		8,016,919
4.20%, 05/15/32 (Call 02/15/32)^(a)		14,082		13,810,346
4.20%, 01/15/47 (Call 07/15/46)		7,792		6,962,989
4.25%, 01/15/29 (Call 12/15/28)^(a)		15,340		15,323,233
4.25%, 03/15/43 (Call 09/15/42)^(a)		6,939		6,479,367
4.25%, 06/15/48 (Call 12/15/47)		14,295		12,982,077
4.45%, 12/15/48 (Call 06/15/48)		11,725		10,903,971
4.50%, 04/15/33 (Call 01/15/33)		15,340		15,357,386
4.63%, 07/15/35^(a)		3,639		3,671,163
4.75%, 07/15/45		18,921		18,475,344
4.75%, 05/15/52 (Call 11/15/51)^(a)		19,830		19,318,626
4.95%, 05/15/62 (Call 11/15/61)^(a)		10,054		9,883,304
5.05%, 04/15/53 (Call 10/15/52)		15,340		15,578,631
5.20%, 04/15/63 (Call 10/15/62)		10,230		10,442,913
5.25%, 02/15/28 (Call 01/15/28)^(a)		10,975		11,466,782
5.30%, 02/15/30 (Call 12/15/29)		12,456		13,150,662
5.35%, 02/15/33 (Call 11/15/32)^(a)		19,435		20,715,852
5.80%, 03/15/36^(a)		11,319		12,496,895
5.88%, 02/15/53 (Call 08/15/52)^(a)		20,781		23,494,558
6.05%, 02/15/63 (Call 08/15/62)		14,230		16,401,423
6.88%, 02/15/38^(a)		12,021		14,613,847
Universal Health Services Inc., 2.65%, 10/15/30 (Call 07/15/30)		7,883		6,553,968


				1,105,395,879

Holding Companies - Diversified — 0.2%
Ares Capital Corp.
2.15%, 07/15/26 (Call 06/15/26)^(a)		8,585		7,478,844
2.88%, 06/15/28 (Call 04/15/28)		13,882		11,652,201
Blackstone Private Credit Fund
2.63%, 12/15/26 (Call 11/15/26)		14,081		12,011,845
3.25%, 03/15/27 (Call 02/15/27)		13,334		11,485,274
FS KKR Capital Corp., 3.13%, 10/12/28 (Call 08/12/28)^(a)		10,008		8,306,508
Owl Rock Capital Corp.
2.88%, 06/11/28 (Call 04/11/28)		9,453		7,757,188
3.40%, 07/15/26 (Call 06/15/26)		8,344		7,460,831


				66,152,691

Home Builders — 0.0%
Lennar Corp., 4.75%, 11/29/27 (Call 05/29/27)		8,454		8,365,749


Household Products & Wares — 0.0%
Kimberly-Clark Corp., 3.10%, 03/26/30 (Call 12/26/29)		7,206		6,726,067


Insurance — 1.6%
Allstate Corp. (The), 5.25%, 03/30/33 (Call 12/30/32)^(a)		945		962,846
American International Group Inc. 4.38%, 06/30/50 (Call 12/30/49)^(a)		10,641		9,133,424


Security	Par (000)		Value

Insurance (continued)
4.75%, 04/01/48 (Call 10/01/47)	$	12,095	$	11,028,104
4.80%, 07/10/45 (Call 01/10/45)		8,987		8,189,427
5.13%, 03/27/33 (Call 12/27/32)^(a)		8,365		8,401,235
Aon Corp.
2.80%, 05/15/30 (Call 02/15/30)		6,337		5,596,957
3.75%, 05/02/29 (Call 02/02/29)		5,175		4,943,365
Aon Corp./Aon Global Holdings PLC
3.90%, 02/28/52 (Call 08/28/51)		12,763		10,284,160
5.35%, 02/28/33 (Call 11/28/32)		7,790		8,053,350
Arch Capital Group Ltd., 3.64%, 06/30/50 (Call 12/30/49)		5,568		4,224,698
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27)^(a)		10,318		9,400,625
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30 (Call 07/15/30)^(a)		4,940		4,110,393
2.30%, 03/15/27 (Call 02/15/27)^(a)		6,643		6,337,814
2.50%, 01/15/51 (Call 07/15/50)^(a)		9,303		6,264,229
2.85%, 10/15/50 (Call 04/15/50)^(a)		19,777		14,182,678
2.88%, 03/15/32 (Call 12/15/31)^(a)		9,164		8,298,110
3.85%, 03/15/52 (Call 09/15/51)^(a)		30,876		26,383,042
4.20%, 08/15/48 (Call 02/15/48)^(a)		26,380		24,565,605
4.25%, 01/15/49 (Call 07/15/48)^(a)		22,254		20,912,157
5.75%, 01/15/40		10,598		11,909,235
Berkshire Hathaway Inc., 4.50%, 02/11/43		12,511		12,170,262
Brighthouse Financial Inc.
3.70%, 06/22/27 (Call 03/22/27)^(a)		4,162		3,864,759
4.70%, 06/22/47 (Call 12/22/46)		5,957		4,462,910
Chubb Corp. (The), 6.00%, 05/11/37^(a)		10,722		11,865,312
Chubb INA Holdings Inc.
1.38%, 09/15/30 (Call 06/15/30)^(a)		5,095		4,141,619
3.05%, 12/15/61 (Call 06/15/61)^(a)		9,702		6,714,343
3.35%, 05/03/26 (Call 02/03/26)		5,616		5,495,722
4.35%, 11/03/45 (Call 05/03/45)^(a)		10,124		9,366,094
Corebridge Financial Inc.
3.65%, 04/05/27 (Call 03/05/27)^(c)		12,918		12,207,874
3.85%, 04/05/29 (Call 02/05/29)^(c)		11,822		10,821,804
3.90%, 04/05/32 (Call 01/05/32)^(a)(c)		15,191		13,376,882
4.40%, 04/05/52 (Call 10/05/51)^(a)(c)		10,476		8,216,855
Equitable Holdings Inc.
4.35%, 04/20/28 (Call 01/20/28)^(a)		13,835		13,324,162
5.00%, 04/20/48 (Call 10/20/47)^(a)		13,621		11,818,364
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		8,824		5,907,925
3.50%, 10/15/50 (Call 04/15/50)		9,548		6,908,375
Fairfax Financial Holdings Ltd., 5.63%, 08/16/32 (Call 05/16/32)^(c)		4,977		4,918,826
Hartford Financial Services Group Inc. (The), 3.60%, 08/19/49 (Call 02/19/49)		2,895		2,192,661
Manulife Financial Corp.
3.70%, 03/16/32 (Call 12/16/31)^(a)		7,265		6,749,885
5.38%, 03/04/46^(a)		2,944		2,956,615
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)^(a)		2,527		2,157,554
4.38%, 03/15/29 (Call 12/15/28)		14,802		14,734,796
4.90%, 03/15/49 (Call 09/15/48)		11,854		11,435,517
MetLife Inc.
4.05%, 03/01/45		10,152		8,566,453
4.13%, 08/13/42^(a)		10,706		9,272,183
4.55%, 03/23/30 (Call 12/23/29)^(a)		8,958		8,974,963
4.60%, 05/13/46 (Call 11/13/45)		5,014		4,511,466
4.88%, 11/13/43		10,753		10,151,911


Security	Par (000)		Value

Insurance (continued)
5.00%, 07/15/52 (Call 01/15/52)	$	11,294	$	10,780,241
5.25%, 01/15/54 (Call 07/15/53)		9,034		8,954,729
5.70%, 06/15/35^(a)		11,938		12,718,306
5.88%, 02/06/41^(a)		8,621		9,113,416
6.38%, 06/15/34^(a)		9,696		10,939,418
Progressive Corp. (The), 4.13%, 04/15/47 (Call 10/15/46)		4,227		3,702,137
Prudential Financial Inc.
3.70%, 03/13/51 (Call 09/13/50)^(a)		16,358		12,679,390
3.91%, 12/07/47 (Call 06/07/47)		9,711		7,894,859
3.94%, 12/07/49 (Call 06/07/49)		8,575		6,963,577
4.35%, 02/25/50 (Call 08/25/49)		11,278		9,732,652
4.60%, 05/15/44^(a)		9,356		8,416,459
5.70%, 12/14/36^(a)		9,154		9,846,768
Travelers Companies Inc. (The)
3.05%, 06/08/51 (Call 12/08/50)^(a)		2,543		1,831,097
5.35%, 11/01/40^(a)		7,367		7,764,853
6.25%, 06/15/37		11,407		12,967,675
Willis North America Inc., 4.65%, 06/15/27 (Call 05/15/27)^(a)		7,162		7,056,470


				571,829,593

Internet — 2.3%
Alphabet Inc.
0.80%, 08/15/27 (Call 06/15/27)^(a)		8,111		7,156,877
1.10%, 08/15/30 (Call 05/15/30)^(a)		22,266		18,457,427
1.90%, 08/15/40 (Call 02/15/40)^(a)		9,551		6,706,076
2.00%, 08/15/26 (Call 05/15/26)^(a)		15,178		14,325,827
2.05%, 08/15/50 (Call 02/15/50)^(a)		22,951		14,664,631
2.25%, 08/15/60 (Call 02/15/60)^(a)		20,876		12,930,221
Amazon.com Inc.
1.00%, 05/12/26 (Call 04/12/26)		22,224		20,286,645
1.20%, 06/03/27 (Call 04/03/27)		17,121		15,339,043
1.50%, 06/03/30 (Call 03/03/30)		25,906		21,651,377
1.65%, 05/12/28 (Call 03/12/28)		23,600		20,996,372
2.10%, 05/12/31 (Call 02/12/31)		31,536		27,039,175
2.50%, 06/03/50 (Call 12/03/49)^(a)		27,325		18,464,656
2.70%, 06/03/60 (Call 12/03/59)		21,439		13,993,821
2.88%, 05/12/41 (Call 11/12/40)		23,182		18,146,431
3.10%, 05/12/51 (Call 11/12/50)		35,861		27,161,957
3.15%, 08/22/27 (Call 05/22/27)		41,078		39,557,966
3.25%, 05/12/61 (Call 11/12/60)		18,340		13,485,860
3.30%, 04/13/27 (Call 03/13/27)		26,629		25,904,004
3.45%, 04/13/29 (Call 02/13/29)		16,455		15,898,857
3.60%, 04/13/32 (Call 01/13/32)^(a)		30,197		28,690,556
3.88%, 08/22/37 (Call 02/22/37)^(a)		27,797		26,017,191
3.95%, 04/13/52 (Call 10/13/51)^(a)		27,752		24,507,064
4.05%, 08/22/47 (Call 02/22/47)		35,227		31,985,563
4.10%, 04/13/62 (Call 10/13/61)^(a)		14,740		12,809,742
4.25%, 08/22/57 (Call 02/22/57)		25,204		22,971,594
4.55%, 12/01/27 (Call 11/01/27)		7,756		7,884,304
4.65%, 12/01/29 (Call 10/01/29)		16,739		17,135,152
4.70%, 12/01/32 (Call 09/01/32)		24,245		24,919,877
4.80%, 12/05/34 (Call 06/05/34)^(a)		8,930		9,277,579
4.95%, 12/05/44 (Call 06/05/44)^(a)		17,623		18,232,477
Booking Holdings Inc.
3.60%, 06/01/26 (Call 03/01/26)^(a)		2,834		2,767,169
4.63%, 04/13/30 (Call 01/13/30)^(a)		14,445		14,518,612
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		1,214		1,106,488
2.60%, 05/10/31 (Call 02/10/31)^(a)		10,390		8,860,005


Security	Par (000)		Value

Internet (continued)
2.70%, 03/11/30 (Call 12/11/29)^(a)	$	11,359	$	9,993,736
3.60%, 06/05/27 (Call 03/05/27)^(a)		5,985		5,780,292
3.65%, 05/10/51 (Call 11/10/50)		3,638		2,699,940
4.00%, 07/15/42 (Call 01/15/42)		11,581		9,496,501
Expedia Group Inc.
3.25%, 02/15/30 (Call 11/15/29)^(a)		13,941		12,250,919
3.80%, 02/15/28 (Call 11/15/27)^(a)		9,654		9,128,033
4.63%, 08/01/27 (Call 05/01/27)		5,369		5,281,607
Meta Platforms Inc.
3.50%, 08/15/27 (Call 07/15/27)^(a)		25,247		24,499,772
3.85%, 08/15/32 (Call 05/15/32)		32,435		30,621,238
4.45%, 08/15/52 (Call 02/15/52)		31,576		27,885,776
4.65%, 08/15/62 (Call 02/15/62)^(a)		12,322		10,898,740
Netflix Inc.
4.38%, 11/15/26^(a)		4,875		4,840,583
4.88%, 04/15/28^(a)		20,658		20,787,939
5.88%, 11/15/28^(a)		17,892		18,857,025
6.38%, 05/15/29^(a)		5,635		6,088,448


				802,961,145

Iron & Steel — 0.1%
ArcelorMittal SA
6.55%, 11/29/27 (Call 10/29/27)		10,598		11,053,104
6.80%, 11/29/32 (Call 08/29/32)		11,043		11,574,413


				22,627,517

Lodging — 0.2%
Marriott International Inc./MD
4.90%, 04/15/29 (Call 03/15/29)		6,931		6,892,560
5.00%, 10/15/27 (Call 09/15/27)		8,528		8,606,027
Series FF, 4.63%, 06/15/30 (Call 03/15/30)^(a)		14,884		14,446,718
Series GG, 3.50%, 10/15/32 (Call 07/15/32)		13,561		11,891,553
Series HH, 2.85%, 04/15/31 (Call 01/15/31)		7,380		6,292,288
Series R, 3.13%, 06/15/26 (Call 03/15/26)		3,225		3,070,165
Sands China Ltd., 5.90%, 08/08/28 (Call 05/08/28)^(a)		17,810		17,320,225


				68,519,536

Machinery — 0.4%
Caterpillar Financial Services Corp., 1.10%, 09/14/27^(a)		10,214		9,004,905
Caterpillar Inc.
2.60%, 04/09/30 (Call 01/09/30)^(a)		8,352		7,535,478
3.25%, 09/19/49 (Call 03/19/49)		10,006		8,011,983
3.25%, 04/09/50 (Call 10/09/49)^(a)		9,919		8,010,667
3.80%, 08/15/42^(a)		20,299		18,237,371
5.20%, 05/27/41		9,694		10,354,126
Deere & Co.
3.75%, 04/15/50 (Call 10/15/49)^(a)		2,899		2,615,286
3.90%, 06/09/42 (Call 12/09/41)^(a)		15,865		14,645,576
John Deere Capital Corp.
4.15%, 09/15/27^(a)		13,833		13,829,087
4.75%, 01/20/28^(a)		7,473		7,647,755
Otis Worldwide Corp.
2.57%, 02/15/30 (Call 11/15/29)		16,816		14,790,434
3.11%, 02/15/40 (Call 08/15/39)^(a)		4,582		3,604,226
Westinghouse Air Brake Technologies Corp.
3.45%, 11/15/26 (Call 08/15/26)^(a)		6,092		5,815,212
4.95%, 09/15/28 (Call 06/15/28)^(a)		13,780		13,675,676


				137,777,782

Manufacturing — 0.5%
3M Co.
2.38%, 08/26/29 (Call 05/26/29)^(a)		10,892		9,765,002


Security	Par (000)		Value

Manufacturing (continued)
2.88%, 10/15/27 (Call 07/15/27)^(a)	$	7,357	$	6,913,313
3.25%, 08/26/49 (Call 02/26/49)^(a)		8,037		6,109,392
3.38%, 03/01/29 (Call 12/01/28)^(a)		9,371		8,970,206
4.00%, 09/14/48 (Call 03/14/48)^(a)		10,542		9,135,514
Eaton Corp.
4.15%, 03/15/33 (Call 12/15/32)^(a)		14,927		14,359,974
4.15%, 11/02/42		4,225		3,757,884
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/35^(a)		7,743		7,545,118
General Electric Co.
5.88%, 01/14/38^(a)		13,195		14,436,054
6.75%, 03/15/32^(a)		7,636		8,766,258
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)^(a)		9,242		8,836,452
3.90%, 09/01/42 (Call 03/01/42)		9,454		8,442,931
Parker-Hannifin Corp.
3.25%, 06/14/29 (Call 03/14/29)^(a)		12,135		11,336,329
4.00%, 06/14/49 (Call 12/14/48)		6,826		5,767,376
4.25%, 09/15/27 (Call 08/15/27)^(a)		11,610		11,477,871
4.50%, 09/15/29 (Call 07/15/29)^(a)		11,885		11,802,421
Teledyne Technologies Inc., 2.75%, 04/01/31 (Call 01/01/31)^(a)		12,270		10,430,652


				157,852,747

Media — 4.0%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25%, 01/15/29 (Call 11/15/28)		13,606		11,417,903
2.30%, 02/01/32 (Call 11/01/31)		7,581		5,767,337
2.80%, 04/01/31 (Call 01/01/31)		14,410		11,622,025
3.50%, 06/01/41 (Call 12/01/40)^(a)		16,358		11,165,101
3.50%, 03/01/42 (Call 09/01/41)		16,074		10,867,196
3.70%, 04/01/51 (Call 10/01/50)^(a)		21,655		13,707,598
3.75%, 02/15/28 (Call 11/15/27)		12,052		11,198,909
3.85%, 04/01/61 (Call 10/01/60)^(a)		19,289		11,759,938
3.90%, 06/01/52 (Call 12/01/51)^(a)		25,727		16,758,300
3.95%, 06/30/62 (Call 12/30/61)		15,081		9,324,380
4.20%, 03/15/28 (Call 12/15/27)		8,669		8,224,110
4.40%, 04/01/33 (Call 01/01/33)^(a)		8,729		7,735,687
4.40%, 12/01/61 (Call 06/01/61)		15,479		10,370,340
4.80%, 03/01/50 (Call 09/01/49)		30,174		22,909,579
5.05%, 03/30/29 (Call 12/30/28)		12,804		12,420,530
5.13%, 07/01/49 (Call 01/01/49)		13,111		10,284,099
5.25%, 04/01/53 (Call 10/01/52)^(a)		15,491		12,385,862
5.38%, 04/01/38 (Call 10/01/37)		7,367		6,377,296
5.38%, 05/01/47 (Call 11/01/46)		26,879		21,846,219
5.50%, 04/01/63 (Call 10/01/62)^(a)		10,307		8,205,839
5.75%, 04/01/48 (Call 10/01/47)		26,210		22,265,018
6.38%, 10/23/35 (Call 04/23/35)		17,346		17,162,013
6.48%, 10/23/45 (Call 04/23/45)		37,689		34,779,978
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)^(a)		20,247		16,357,444
1.95%, 01/15/31 (Call 10/15/30)^(a)		17,259		14,460,044
2.35%, 01/15/27 (Call 10/15/26)		14,218		13,285,130
2.45%, 08/15/52 (Call 02/15/52)^(a)		17,701		11,135,896
2.65%, 02/01/30 (Call 11/01/29)		18,820		16,859,123
2.65%, 08/15/62 (Call 02/15/62)^(a)		11,464		7,006,541
2.80%, 01/15/51 (Call 07/15/50)^(a)		19,420		13,143,693
2.89%, 11/01/51 (Call 05/01/51)		51,110		34,833,131
2.94%, 11/01/56 (Call 05/01/56)^(a)		59,702		39,756,308
2.99%, 11/01/63 (Call 05/01/63)^(a)		42,106		27,160,143


Security	Par (000)		Value

Media (continued)
3.15%, 02/15/28 (Call 11/15/27)	$	13,498	$	12,844,973
3.20%, 07/15/36 (Call 01/15/36)^(a)		9,438		8,035,019
3.25%, 11/01/39 (Call 05/01/39)		14,886		12,077,621
3.30%, 02/01/27 (Call 11/01/26)		13,577		13,114,631
3.30%, 04/01/27 (Call 02/01/27)		7,991		7,702,832
3.40%, 04/01/30 (Call 01/01/30)		16,783		15,729,175
3.40%, 07/15/46 (Call 01/15/46)		16,329		12,678,768
3.45%, 02/01/50 (Call 08/01/49)^(a)		20,564		15,910,338
3.55%, 05/01/28 (Call 02/01/28)		13,165		12,692,860
3.75%, 04/01/40 (Call 10/01/39)		16,735		14,429,021
3.90%, 03/01/38 (Call 09/01/37)		13,034		11,787,042
3.97%, 11/01/47 (Call 05/01/47)^(a)		22,040		18,745,633
4.00%, 08/15/47 (Call 02/15/47)^(a)		9,400		7,993,649
4.00%, 03/01/48 (Call 09/01/47)		9,772		8,310,669
4.00%, 11/01/49 (Call 05/01/49)^(a)		21,324		18,013,468
4.05%, 11/01/52 (Call 05/01/52)^(a)		11,748		9,943,433
4.15%, 10/15/28 (Call 07/15/28)		38,702		38,391,889
4.20%, 08/15/34 (Call 02/15/34)		9,425		9,072,173
4.25%, 10/15/30 (Call 07/15/30)		17,870		17,695,197
4.25%, 01/15/33^(a)		19,561		19,156,036
4.40%, 08/15/35 (Call 02/25/35)		6,624		6,473,193
4.60%, 10/15/38 (Call 04/15/38)		11,202		10,825,037
4.60%, 08/15/45 (Call 02/15/45)		8,167		7,555,980
4.65%, 02/15/33 (Call 11/15/32)^(a)		11,266		11,413,918
4.70%, 10/15/48 (Call 04/15/48)^(a)		20,434		19,354,425
4.95%, 10/15/58 (Call 04/15/58)^(a)		9,401		9,253,919
5.35%, 11/15/27 (Call 10/15/27)^(a)		8,031		8,356,186
5.50%, 11/15/32 (Call 08/15/32)^(a)		10,248		10,989,523
5.65%, 06/15/35^(a)		9,592		10,358,608
7.05%, 03/15/33		9,786		11,622,159
Discovery Communications LLC
3.63%, 05/15/30 (Call 02/15/30)		5,816		5,178,820
3.95%, 03/20/28 (Call 12/20/27)^(a)		14,076		13,201,039
4.00%, 09/15/55 (Call 03/15/55)^(a)		13,416		8,824,141
4.13%, 05/15/29 (Call 02/15/29)^(a)		3,486		3,222,335
4.65%, 05/15/50 (Call 11/15/49)^(a)		7,576		5,739,311
5.20%, 09/20/47 (Call 03/20/47)		8,748		7,149,995
5.30%, 05/15/49 (Call 11/15/48)		4,622		3,783,331
Fox Corp.
4.71%, 01/25/29 (Call 10/25/28)		21,351		20,977,221
5.48%, 01/25/39 (Call 07/25/38)^(a)		11,778		11,160,710
5.58%, 01/25/49 (Call 07/25/48)		16,438		15,291,016
Paramount Global
4.20%, 05/19/32 (Call 02/19/32)^(a)		10,690		9,210,114
4.38%, 03/15/43^(a)		15,526		11,036,252
4.95%, 01/15/31 (Call 11/15/30)^(a)		12,678		11,788,847
4.95%, 05/19/50 (Call 11/19/49)^(a)		10,859		8,223,323
5.85%, 09/01/43 (Call 03/01/43)		11,258		9,608,004
6.88%, 04/30/36		12,681		13,026,150
7.88%, 07/30/30^(a)		9,927		10,908,165
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		12,576		14,189,669
Time Warner Cable LLC
4.50%, 09/15/42 (Call 03/15/42)^(a)		15,130		11,470,113
5.50%, 09/01/41 (Call 03/01/41)^(a)		14,515		12,401,985
5.88%, 11/15/40 (Call 05/15/40)		12,826		11,413,215
6.55%, 05/01/37^(a)		16,966		16,500,558
6.75%, 06/15/39^(a)		14,694		14,267,940
7.30%, 07/01/38^(a)		15,994		16,547,045
TWDC Enterprises 18 Corp. 1.85%, 07/30/26^(a)		5,670		5,281,142


Security	Par (000)		Value

Media (continued)
2.95%, 06/15/27^(a)	$	9,326	$	8,898,682
4.13%, 06/01/44^(a)		14,390		13,017,370
Walt Disney Co. (The)
2.00%, 09/01/29 (Call 06/01/29)^(a)		21,331		18,647,818
2.20%, 01/13/28^(a)		8,399		7,709,029
2.65%, 01/13/31^(a)		26,902		23,842,366
2.75%, 09/01/49 (Call 03/01/49)^(a)		25,141		17,413,436
3.50%, 05/13/40 (Call 11/13/39)		22,001		18,665,780
3.60%, 01/13/51 (Call 07/13/50)^(a)		31,382		25,387,498
3.80%, 03/22/30^(a)		12,926		12,507,665
3.80%, 05/13/60 (Call 11/13/59)^(a)		9,288		7,550,741
4.63%, 03/23/40 (Call 09/23/39)^(a)		10,026		9,802,534
4.70%, 03/23/50 (Call 09/23/49)^(a)		19,200		18,702,607
6.20%, 12/15/34		5,687		6,504,328
6.40%, 12/15/35		10,033		11,608,971
6.65%, 11/15/37^(a)		13,460		15,986,437


				1,379,725,788

Mining — 0.6%
Barrick North America Finance LLC
5.70%, 05/30/41		10,761		11,306,280
5.75%, 05/01/43		3,909		4,139,789
Barrick PD Australia Finance Pty Ltd., 5.95%, 10/15/39		10,875		11,684,571
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42		12,613		11,511,190
4.75%, 02/28/28 (Call 01/28/28)		8,983		9,130,301
4.90%, 02/28/33 (Call 11/28/32)^(a)		6,824		6,995,001
5.00%, 09/30/43		22,237		22,574,762
Freeport-McMoRan Inc.
4.63%, 08/01/30 (Call 08/01/25)^(a)		9,490		9,041,808
5.40%, 11/14/34 (Call 05/14/34)^(a)		9,392		9,266,195
5.45%, 03/15/43 (Call 09/15/42)^(a)		17,832		16,778,507
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		12,141		10,228,561
2.60%, 07/15/32 (Call 04/15/32)		11,314		9,512,979
4.88%, 03/15/42 (Call 09/15/41)^(a)		11,222		10,777,417
6.25%, 10/01/39		9,544		10,397,469
Rio Tinto Alcan Inc., 6.13%, 12/15/33		9,802		10,854,609
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51 (Call 05/02/51)^(a)		14,398		10,069,930
5.20%, 11/02/40^(a)		10,718		11,081,685
7.13%, 07/15/28^(a)		9,286		10,487,729
Rio Tinto Finance USA PLC
4.13%, 08/21/42 (Call 02/21/42)^(a)		8,575		7,781,031
5.13%, 03/09/53 (Call 09/09/52)^(a)		11,321		11,667,977


				215,287,791

Office & Business Equipment — 0.0%
CDW LLC/CDW Finance Corp.
2.67%, 12/01/26 (Call 11/01/26)		6,007		5,462,656
3.57%, 12/01/31 (Call 09/01/31)		9,906		8,311,485


				13,774,141

Oil & Gas — 3.9%
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)^(a)		13,579		11,402,832
2.72%, 01/12/32 (Call 10/12/31)^(a)		24,189		21,155,324
2.77%, 11/10/50 (Call 05/10/50)^(a)		16,734		11,478,296
2.94%, 06/04/51 (Call 12/04/50)^(a)		24,570		17,302,359
3.00%, 02/24/50 (Call 08/24/49)		21,787		15,593,056
3.00%, 03/17/52 (Call 09/17/51)^(a)		14,285		10,135,287
3.02%, 01/16/27 (Call 10/16/26)		10,293		9,863,593


Security	Par (000)		Value

Oil & Gas (continued)
3.06%, 06/17/41 (Call 12/17/40)	$	13,929	$	10,863,389
3.12%, 05/04/26 (Call 02/04/26)^(a)		1,690		1,640,636
3.38%, 02/08/61 (Call 08/08/60)^(a)		19,219		14,235,544
3.63%, 04/06/30 (Call 01/06/30)		15,196		14,557,677
3.94%, 09/21/28 (Call 06/21/28)^(a)		12,701		12,560,301
4.23%, 11/06/28 (Call 08/06/28)^(a)		23,125		23,185,019
4.81%, 02/13/33 (Call 11/13/32)^(a)		15,985		16,260,936
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)^(a)		17,753		17,207,340
3.72%, 11/28/28 (Call 08/28/28)^(a)		9,543		9,343,270
Canadian Natural Resources Ltd.
3.85%, 06/01/27 (Call 03/01/27)		11,213		10,762,546
4.95%, 06/01/47 (Call 12/01/46)		3,353		3,048,009
6.25%, 03/15/38^(a)		16,696		17,851,677
Cenovus Energy Inc.
3.75%, 02/15/52 (Call 08/15/51)^(a)		10,118		7,356,595
5.40%, 06/15/47 (Call 12/15/46)		5,349		4,970,883
6.75%, 11/15/39^(a)		18,110		19,614,941
Chevron Corp.
2.00%, 05/11/27 (Call 03/11/27)^(a)		10,620		9,853,093
2.24%, 05/11/30 (Call 02/11/30)^(a)		9,674		8,624,797
2.95%, 05/16/26 (Call 02/16/26)^(a)		15,713		15,237,060
3.08%, 05/11/50 (Call 11/11/49)		6,873		5,315,742
Chevron USA Inc.
1.02%, 08/12/27 (Call 06/12/27)^(a)		8,455		7,508,359
2.34%, 08/12/50 (Call 02/12/50)^(a)		4,986		3,282,316
ConocoPhillips Co.
3.76%, 03/15/42 (Call 09/15/41)		9,376		8,047,422
3.80%, 03/15/52 (Call 09/15/51)^(a)		12,518		10,498,773
4.03%, 03/15/62 (Call 09/15/61)^(a)		16,914		14,352,195
4.30%, 11/15/44 (Call 05/15/44)^(a)		6,923		6,305,299
6.50%, 02/01/39		15,975		18,774,135
6.95%, 04/15/29		14,820		16,736,771
Continental Resources Inc./OK, 4.38%, 01/15/28 (Call 10/15/27)		8,035		7,641,190
Devon Energy Corp.
4.75%, 05/15/42 (Call 11/15/41)^(a)		13,120		11,528,262
5.00%, 06/15/45 (Call 12/15/44)^(a)		3,140		2,814,141
5.60%, 07/15/41 (Call 01/15/41)		16,823		16,379,704
Diamondback Energy Inc.
3.13%, 03/24/31 (Call 12/24/30)^(a)		10,064		8,802,189
3.25%, 12/01/26 (Call 10/01/26)^(a)		5,930		5,686,725
3.50%, 12/01/29 (Call 09/01/29)		12,649		11,714,876
4.25%, 03/15/52 (Call 09/15/51)^(a)		4,682		3,707,505
6.25%, 03/15/33 (Call 12/15/32)^(a)		12,686		13,528,130
EOG Resources Inc.
4.38%, 04/15/30 (Call 01/15/30)^(a)		5,576		5,592,078
4.95%, 04/15/50 (Call 10/15/49)^(a)		2,910		2,925,986
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)		14,618		13,848,481
7.00%, 02/01/30 (Call 11/01/29)^(a)		7,154		7,551,737
Equinor ASA
2.38%, 05/22/30 (Call 02/22/30)		3,410		3,030,637
3.13%, 04/06/30 (Call 01/06/30)^(a)		13,459		12,605,414
3.25%, 11/18/49 (Call 05/18/49)		6,330		4,911,171
3.63%, 09/10/28 (Call 06/10/28)^(a)		8,036		7,873,877
3.70%, 04/06/50 (Call 10/06/49)		8,908		7,514,532
3.95%, 05/15/43^(a)		6,133		5,477,039
4.80%, 11/08/43		5,400		5,348,470
5.10%, 08/17/40^(a)		6,263		6,485,038


Security	Par (000)		Value

Oil & Gas (continued)
Exxon Mobil Corp.
2.28%, 08/16/26 (Call 06/16/26)	$	9,957	$	9,416,537
2.44%, 08/16/29 (Call 05/16/29)^(a)		13,284		12,153,085
2.61%, 10/15/30 (Call 07/15/30)		19,711		17,790,132
3.00%, 08/16/39 (Call 02/16/39)^(a)		9,611		7,783,986
3.10%, 08/16/49 (Call 02/16/49)		18,262		13,789,318
3.29%, 03/19/27 (Call 01/19/27)^(a)		10,621		10,401,609
3.45%, 04/15/51 (Call 10/15/50)^(a)		26,714		21,429,533
3.48%, 03/19/30 (Call 12/19/29)^(a)		19,651		18,857,899
3.57%, 03/06/45 (Call 09/06/44)^(a)		12,145		10,171,461
4.11%, 03/01/46 (Call 09/01/45)		28,317		25,376,486
4.23%, 03/19/40 (Call 09/19/39)		20,056		18,898,061
4.33%, 03/19/50 (Call 09/19/49)		30,139		28,088,514
Hess Corp.
4.30%, 04/01/27 (Call 01/01/27)^(a)		8,382		8,227,298
5.60%, 02/15/41^(a)		13,687		13,320,050
6.00%, 01/15/40^(a)		8,974		9,120,771
Marathon Oil Corp.
4.40%, 07/15/27 (Call 04/15/27)^(a)		10,672		10,410,299
6.60%, 10/01/37^(a)		13,877		14,262,881
Marathon Petroleum Corp.
4.75%, 09/15/44 (Call 03/15/44)^(a)		2,430		2,097,191
6.50%, 03/01/41 (Call 09/01/40)		17,795		18,819,841
Phillips 66
2.15%, 12/15/30 (Call 09/15/30)^(a)		6,861		5,727,642
3.30%, 03/15/52 (Call 09/15/51)		7,872		5,562,697
3.90%, 03/15/28 (Call 12/15/27)^(a)		10,349		10,019,523
4.65%, 11/15/34 (Call 05/15/34)		10,381		10,029,156
4.88%, 11/15/44 (Call 05/15/44)		16,247		15,308,682
4.95%, 12/01/27 (Call 11/01/27)		5,005		5,051,700
5.88%, 05/01/42		16,388		17,365,885
Pioneer Natural Resources Co.
1.90%, 08/15/30 (Call 05/15/30)^(a)		11,262		9,347,508
2.15%, 01/15/31 (Call 10/15/30)^(a)		7,889		6,614,314
Shell International Finance BV
2.38%, 11/07/29 (Call 08/07/29)		19,403		17,347,551
2.50%, 09/12/26		10,149		9,591,643
2.75%, 04/06/30 (Call 01/06/30)^(a)		18,284		16,707,329
2.88%, 05/10/26		9,306		8,983,007
3.00%, 11/26/51 (Call 05/26/51)		10,265		7,441,733
3.13%, 11/07/49 (Call 05/07/49)		12,709		9,541,316
3.25%, 04/06/50 (Call 10/06/49)		21,084		16,169,258
3.75%, 09/12/46		13,170		11,071,827
3.88%, 11/13/28 (Call 08/23/28)^(a)		17,881		17,676,325
4.00%, 05/10/46		24,994		21,831,147
4.13%, 05/11/35		17,585		16,896,844
4.38%, 05/11/45^(a)		32,903		30,578,433
4.55%, 08/12/43		14,314		13,617,771
5.50%, 03/25/40		10,949		11,701,336
6.38%, 12/15/38		30,699		35,739,235
Suncor Energy Inc.
3.75%, 03/04/51 (Call 09/04/50)		3,680		2,799,689
4.00%, 11/15/47 (Call 05/15/47)		3,060		2,463,851
6.50%, 06/15/38		15,574		16,750,477
6.80%, 05/15/38		12,253		13,472,604
6.85%, 06/01/39^(a)		9,816		10,751,631
TotalEnergies Capital International SA
2.83%, 01/10/30 (Call 10/10/29)^(a)		15,923		14,562,595
2.99%, 06/29/41 (Call 12/29/40)^(a)		11,487		9,013,069
3.13%, 05/29/50 (Call 11/29/49)^(a)		31,457		23,499,949


Security	Par (000)		Value

Oil & Gas (continued)
3.39%, 06/29/60 (Call 12/29/59)	$	6,549	$	4,922,862
3.46%, 02/19/29 (Call 11/19/28)		16,381		15,682,121
3.46%, 07/12/49 (Call 01/12/49)^(a)		5,795		4,610,284
TotalEnergies Capital SA, 3.88%, 10/11/28^(a)		16,363		16,161,797
Valero Energy Corp.
3.65%, 12/01/51 (Call 06/01/51)^(a)		7,483		5,339,509
6.63%, 06/15/37		18,645		20,386,685
7.50%, 04/15/32^(a)		9,399		10,808,657


				1,341,455,248

Oil & Gas Services — 0.3%
Baker Hughes Holdings LLC, 5.13%, 09/15/40^(a)		15,051		14,714,485
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc.
3.34%, 12/15/27 (Call 09/15/27)^(a)		13,323		12,684,780
4.08%, 12/15/47 (Call 06/15/47)		9,498		7,803,710
Halliburton Co.
2.92%, 03/01/30 (Call 12/01/29)^(a)		11,200		10,023,077
4.75%, 08/01/43 (Call 02/01/43)		5,981		5,341,294
4.85%, 11/15/35 (Call 05/15/35)		14,085		13,770,423
5.00%, 11/15/45 (Call 05/15/45)^(a)		20,031		18,365,498
6.70%, 09/15/38		11,666		13,009,402
7.45%, 09/15/39		10,835		12,748,510
Schlumberger Investment SA, 2.65%, 06/26/30 (Call 03/26/30)^(a)		11,013		9,879,267


				118,340,446

Packaging & Containers — 0.1%
Amcor Flexibles North America Inc., 2.69%, 05/25/31 (Call 02/25/31)		7,621		6,357,341
WRKCo Inc., 4.90%, 03/15/29 (Call 12/15/28)^(a)		10,292		10,184,529


				16,541,870

Pharmaceuticals — 7.1%
AbbVie Inc.
2.95%, 11/21/26 (Call 09/21/26)^(a)		41,375		39,268,673
3.20%, 05/14/26 (Call 02/14/26)^(a)		13,121		12,632,210
3.20%, 11/21/29 (Call 08/21/29)		59,731		55,193,087
4.05%, 11/21/39 (Call 05/21/39)		44,540		39,411,909
4.25%, 11/14/28 (Call 08/14/28)^(a)		21,345		21,177,536
4.25%, 11/21/49 (Call 05/21/49)^(a)		62,355		54,796,570
4.30%, 05/14/36 (Call 11/14/35)		11,332		10,722,972
4.40%, 11/06/42		28,421		25,909,300
4.45%, 05/14/46 (Call 11/14/45)^(a)		20,233		18,280,611
4.50%, 05/14/35 (Call 11/14/34)^(a)		28,311		27,645,779
4.55%, 03/15/35 (Call 09/15/34)^(a)		17,278		16,901,645
4.70%, 05/14/45 (Call 11/14/44)		28,851		27,084,093
4.75%, 03/15/45 (Call 09/15/44)		9,648		9,120,225
4.85%, 06/15/44 (Call 12/15/43)		11,516		10,984,021
4.88%, 11/14/48 (Call 05/14/48)		19,835		19,039,154
AmerisourceBergen Corp.
2.70%, 03/15/31 (Call 12/15/30)		7,511		6,481,168
3.45%, 12/15/27 (Call 09/15/27)		3,929		3,769,916
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)		7,175		6,566,824
1.75%, 05/28/28 (Call 03/28/28)		15,329		13,678,522
2.25%, 05/28/31 (Call 02/28/31)		9,266		8,028,494
4.88%, 03/03/28 (Call 02/03/28)		12,654		13,065,903
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)^(a)		1,896		1,719,749
1.38%, 08/06/30 (Call 05/06/30)^(a)		18,992		15,615,766
3.00%, 05/28/51 (Call 11/28/50)		6,749		5,117,048


Security	Par (000)		Value

Pharmaceuticals (continued)
3.13%, 06/12/27 (Call 03/12/27)^(a)	$	8,617	$	8,287,517
4.00%, 01/17/29 (Call 10/17/28)^(a)		11,758		11,682,943
4.00%, 09/18/42^(a)		10,831		9,883,515
4.38%, 11/16/45		8,239		7,912,708
4.38%, 08/17/48 (Call 02/17/48)		6,940		6,605,756
6.45%, 09/15/37		29,409		34,757,624
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)^(a)		14,252		11,764,799
2.82%, 05/20/30 (Call 02/20/30)^(a)		9,970		8,870,319
3.70%, 06/06/27 (Call 03/06/27)		21,764		21,130,417
4.67%, 06/06/47 (Call 12/06/46)^(a)		14,484		13,526,993
4.69%, 02/13/28 (Call 01/13/28)^(a)		10,930		11,058,484
4.69%, 12/15/44 (Call 06/15/44)		7,497		6,999,243
Bristol-Myers Squibb Co.
1.13%, 11/13/27 (Call 09/13/27)^(a)		12,034		10,611,048
1.45%, 11/13/30 (Call 08/13/30)		15,830		12,968,792
2.35%, 11/13/40 (Call 05/13/40)^(a)		10,938		7,874,116
2.55%, 11/13/50 (Call 05/13/50)^(a)		18,616		12,469,203
2.95%, 03/15/32 (Call 12/15/31)^(a)		18,289		16,508,902
3.20%, 06/15/26 (Call 04/15/26)		16,397		15,975,991
3.40%, 07/26/29 (Call 04/26/29)		25,974		24,850,417
3.55%, 03/15/42 (Call 09/15/41)^(a)		14,098		11,971,492
3.70%, 03/15/52 (Call 09/15/51)^(a)		22,083		18,355,741
3.90%, 02/20/28 (Call 11/20/27)		16,632		16,521,846
3.90%, 03/15/62 (Call 09/15/61)		11,144		9,164,960
4.13%, 06/15/39 (Call 12/15/38)		22,625		21,202,369
4.25%, 10/26/49 (Call 04/26/49)		41,136		37,394,570
4.35%, 11/15/47 (Call 05/15/47)		9,897		9,160,324
4.55%, 02/20/48 (Call 08/20/47)^(a)		13,534		12,859,456
Cardinal Health Inc., 3.41%, 06/15/27 (Call 03/15/27)^(a)		8,612		8,239,188
Cigna Group (The)
2.38%, 03/15/31 (Call 12/15/30)^(a)		14,465		12,256,753
2.40%, 03/15/30 (Call 12/15/29)^(a)		16,172		14,033,253
3.20%, 03/15/40 (Call 09/15/39)		9,813		7,659,786
3.40%, 03/01/27 (Call 12/01/26)^(a)		9,720		9,342,192
3.40%, 03/15/50 (Call 09/15/49)		14,573		10,756,825
3.40%, 03/15/51 (Call 09/15/50)		16,066		11,798,787
3.88%, 10/15/47 (Call 04/15/47)		11,972		9,619,762
4.38%, 10/15/28 (Call 07/15/28)		41,499		41,281,753
4.80%, 08/15/38 (Call 02/15/38)^(a)		25,324		24,546,287
4.80%, 07/15/46 (Call 01/16/46)^(a)		10,863		10,016,975
4.90%, 12/15/48 (Call 06/15/48)^(a)		33,459		31,442,162
5.40%, 03/15/33 (Call 12/15/32)^(a)		9,237		9,608,072
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		25,889		22,711,395
1.75%, 08/21/30 (Call 05/21/30)		13,974		11,386,968
1.88%, 02/28/31 (Call 11/28/30)^(a)		13,392		10,887,641
2.13%, 09/15/31 (Call 06/15/31)^(a)		11,506		9,502,954
2.70%, 08/21/40 (Call 02/21/40)^(a)		14,182		10,158,205
2.88%, 06/01/26 (Call 03/01/26)^(a)		14,505		13,832,976
3.00%, 08/15/26 (Call 06/15/26)^(a)		7,559		7,208,600
3.25%, 08/15/29 (Call 05/15/29)		20,427		18,813,484
3.63%, 04/01/27 (Call 02/01/27)^(a)		10,020		9,701,534
3.75%, 04/01/30 (Call 01/01/30)		16,722		15,660,237
4.13%, 04/01/40 (Call 10/01/39)^(a)		10,479		8,979,672
4.25%, 04/01/50 (Call 10/01/49)		8,655		7,240,879
4.30%, 03/25/28 (Call 12/25/27)^(a)		53,942		53,255,993
4.78%, 03/25/38 (Call 09/25/37)^(a)		52,944		50,485,482
5.05%, 03/25/48 (Call 09/25/47)		83,945		78,258,725
5.13%, 02/21/30 (Call 12/21/29)		17,606		17,860,627


Security	Par (000)		Value

Pharmaceuticals (continued)
5.13%, 07/20/45 (Call 01/20/45)	$	36,674	$	34,607,167
5.25%, 02/21/33 (Call 11/21/32)^(a)		18,617		19,006,676
5.30%, 12/05/43 (Call 06/05/43)^(a)		8,834		8,644,364
5.63%, 02/21/53 (Call 08/21/52)^(a)		13,264		13,347,287
Eli Lilly & Co.
2.25%, 05/15/50 (Call 11/15/49)^(a)		10,532		7,100,431
2.50%, 09/15/60 (Call 03/15/60)		9,704		6,294,231
3.38%, 03/15/29 (Call 12/15/28)		10,378		9,972,460
3.95%, 03/15/49 (Call 09/15/48)^(a)		11,113		10,198,386
4.70%, 02/27/33 (Call 11/27/32)		7,068		7,343,221
4.88%, 02/27/53 (Call 08/27/52)		12,707		13,286,723
4.95%, 02/27/63 (Call 08/27/62)^(a)		10,117		10,559,704
GlaxoSmithKline Capital Inc.
3.88%, 05/15/28^(a)		19,596		19,356,016
6.38%, 05/15/38		29,371		34,727,659
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)^(a)		10,912		10,426,767
Johnson & Johnson
0.95%, 09/01/27 (Call 07/01/27)^(a)		21,880		19,453,407
1.30%, 09/01/30 (Call 06/01/30)^(a)		18,916		15,846,750
2.10%, 09/01/40 (Call 03/01/40)^(a)		9,242		6,681,434
2.25%, 09/01/50 (Call 03/01/50)^(a)		11,154		7,534,762
2.45%, 09/01/60 (Call 03/01/60)^(a)		12,080		8,057,547
2.90%, 01/15/28 (Call 10/15/27)^(a)		18,400		17,737,133
2.95%, 03/03/27 (Call 12/03/26)		10,980		10,642,141
3.40%, 01/15/38 (Call 07/15/37)		10,046		9,085,843
3.50%, 01/15/48 (Call 07/15/47)^(a)		7,015		6,100,268
3.55%, 03/01/36 (Call 09/01/35)		9,453		8,830,401
3.63%, 03/03/37 (Call 09/03/36)		14,507		13,502,815
3.70%, 03/01/46 (Call 09/01/45)		21,542		19,136,435
3.75%, 03/03/47 (Call 09/03/46)^(a)		9,522		8,584,981
4.38%, 12/05/33 (Call 06/05/33)^(a)		8,649		8,910,062
5.95%, 08/15/37		11,231		13,125,274
Merck & Co. Inc.
1.45%, 06/24/30 (Call 03/24/30)		13,377		11,126,991
1.70%, 06/10/27 (Call 05/10/27)^(a)		16,739		15,294,078
1.90%, 12/10/28 (Call 10/10/28)^(a)		12,738		11,366,793
2.15%, 12/10/31 (Call 09/10/31)^(a)		22,151		18,888,760
2.35%, 06/24/40 (Call 12/24/39)^(a)		12,588		9,288,348
2.45%, 06/24/50 (Call 12/24/49)^(a)		14,974		10,160,635
2.75%, 12/10/51 (Call 06/10/51)^(a)		22,352		15,885,426
2.90%, 12/10/61 (Call 06/10/61)^(a)		15,915		10,897,346
3.40%, 03/07/29 (Call 12/07/28)^(a)		20,867		20,174,950
3.70%, 02/10/45 (Call 08/10/44)^(a)		22,819		19,924,104
3.90%, 03/07/39 (Call 09/07/38)		9,696		8,861,721
4.00%, 03/07/49 (Call 09/07/48)		17,062		15,328,801
4.15%, 05/18/43		12,775		11,948,054
Mylan Inc.
4.55%, 04/15/28 (Call 01/15/28)^(a)		8,136		7,789,832
5.20%, 04/15/48 (Call 10/15/47)		8,398		6,479,081
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)		14,204		13,207,748
2.20%, 08/14/30 (Call 05/14/30)^(a)		15,788		13,963,122
2.75%, 08/14/50 (Call 02/14/50)^(a)		14,644		10,811,721
3.10%, 05/17/27 (Call 02/17/27)^(a)		7,858		7,600,204
4.00%, 11/20/45 (Call 05/20/45)		10,082		9,284,963
4.40%, 05/06/44		18,293		17,916,029
Pfizer Inc.
1.70%, 05/28/30 (Call 02/28/30)		11,559		9,792,347
1.75%, 08/18/31 (Call 05/18/31)^(a)		12,098		10,065,699


Security	Par (000)		Value

Pharmaceuticals (continued)
2.55%, 05/28/40 (Call 11/28/39)^(a)	$	10,500	$	7,934,497
2.63%, 04/01/30 (Call 01/01/30)^(a)		15,908		14,399,627
2.70%, 05/28/50 (Call 11/28/49)^(a)		13,106		9,425,095
2.75%, 06/03/26^(a)		9,296		8,967,697
3.00%, 12/15/26		15,825		15,313,221
3.45%, 03/15/29 (Call 12/15/28)		20,687		19,984,980
3.60%, 09/15/28 (Call 06/15/28)^(a)		12,646		12,410,796
3.90%, 03/15/39 (Call 09/15/38)		9,556		8,713,457
4.00%, 12/15/36		4,346		4,167,397
4.00%, 03/15/49 (Call 09/15/48)^(a)		10,765		9,781,819
4.13%, 12/15/46^(a)		14,457		13,320,430
4.20%, 09/15/48 (Call 03/15/48)		11,325		10,541,406
4.30%, 06/15/43		9,519		8,999,763
4.40%, 05/15/44^(a)		10,895		10,438,557
7.20%, 03/15/39		24,348		30,717,654
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)		27,150		25,871,330
Takeda Pharmaceutical Co. Ltd.
2.05%, 03/31/30 (Call 12/31/29)		27,087		23,042,480
3.03%, 07/09/40 (Call 01/09/40)^(a)		12,841		9,876,529
3.18%, 07/09/50 (Call 01/09/50)		19,845		14,305,133
3.38%, 07/09/60 (Call 01/09/60)		11,848		8,341,385
5.00%, 11/26/28 (Call 08/26/28)		18,769		19,110,065
Utah Acquisition Sub Inc.
3.95%, 06/15/26 (Call 03/15/26)		19,347		18,519,976
5.25%, 06/15/46 (Call 12/15/45)		10,089		7,813,364
Viatris Inc.
2.30%, 06/22/27 (Call 04/22/27)		7,590		6,688,634
2.70%, 06/22/30 (Call 03/22/30)^(a)		15,195		12,352,281
3.85%, 06/22/40 (Call 12/22/39)^(a)		16,083		11,138,803
4.00%, 06/22/50 (Call 12/22/49)^(a)		22,027		14,308,208
Wyeth LLC
5.95%, 04/01/37		22,132		24,936,213
6.50%, 02/01/34		9,518		11,041,401
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)^(a)		9,189		7,790,195
3.00%, 09/12/27 (Call 06/15/27)^(a)		3,676		3,496,413
4.70%, 02/01/43 (Call 08/01/42)		8,653		8,123,538
5.60%, 11/16/32 (Call 08/16/32)^(a)		7,872		8,399,024


				2,483,556,353

Pipelines — 3.4%
Cheniere Corpus Christi Holdings LLC
3.70%, 11/15/29 (Call 05/18/29)^(a)		14,707		13,773,594
5.13%, 06/30/27 (Call 01/01/27)		14,145		14,211,968
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)^(a)		13,936		13,291,835
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)^(a)		13,023		10,866,145
4.00%, 03/01/31 (Call 03/01/26)^(a)		11,450		10,250,871
4.50%, 10/01/29 (Call 10/01/24)^(a)		10,291		9,687,946
Enbridge Inc.
2.50%, 08/01/33 (Call 05/01/33)^(a)		12,943		10,455,729
3.13%, 11/15/29 (Call 08/15/29)^(a)		17,109		15,561,039
3.40%, 08/01/51 (Call 02/01/51)		7,024		4,958,764
4.25%, 12/01/26 (Call 09/01/26)		5,624		5,536,153
5.50%, 12/01/46 (Call 05/29/46)^(a)		4,241		4,133,491
5.70%, 03/08/33 (Call 12/08/32)		18,165		18,879,626
Energy Transfer LP
3.75%, 05/15/30 (Call 02/15/30)^(a)		16,010		14,690,678
4.00%, 10/01/27 (Call 07/01/27)		8,467		8,136,115


Security	Par (000)		Value

Pipelines (continued)
4.95%, 05/15/28 (Call 02/15/28)	$	7,099	$	7,036,852
4.95%, 06/15/28 (Call 03/15/28)		11,243		11,184,610
5.00%, 05/15/50 (Call 11/15/49)		22,083		18,746,164
5.15%, 03/15/45 (Call 09/15/44)		12,160		10,603,936
5.25%, 04/15/29 (Call 01/15/29)^(a)		15,679		15,740,222
5.30%, 04/15/47 (Call 10/15/46)		10,046		8,829,917
5.35%, 05/15/45 (Call 11/15/44)		8,044		7,136,223
5.40%, 10/01/47 (Call 04/01/47)		17,904		15,932,265
5.50%, 06/01/27 (Call 03/01/27)		8,168		8,284,829
5.55%, 02/15/28 (Call 01/15/28)		10,760		10,991,694
5.75%, 02/15/33 (Call 11/15/32)^(a)		16,169		16,557,890
6.00%, 06/15/48 (Call 12/15/47)^(a)		11,033		10,538,613
6.13%, 12/15/45 (Call 06/15/45)		10,376		10,152,503
6.25%, 04/15/49 (Call 10/15/48)^(a)		19,684		19,491,760
6.50%, 02/01/42 (Call 08/01/41)^(a)		11,466		11,856,363
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)^(a)		14,008		12,531,981
3.13%, 07/31/29 (Call 04/30/29)		14,217		13,091,335
3.20%, 02/15/52 (Call 08/15/51)^(a)		11,749		8,313,443
3.30%, 02/15/53 (Call 08/15/52)^(a)		11,811		8,513,506
3.70%, 01/31/51 (Call 07/31/50)^(a)		11,277		8,690,941
3.95%, 01/31/60 (Call 07/31/59)		8,470		6,622,120
4.15%, 10/16/28 (Call 07/16/28)		12,601		12,411,802
4.20%, 01/31/50 (Call 07/31/49)		13,721		11,517,660
4.25%, 02/15/48 (Call 08/15/47)^(a)		14,477		12,343,626
4.45%, 02/15/43 (Call 08/15/42)		12,555		11,188,568
4.80%, 02/01/49 (Call 08/01/48)		14,315		13,191,798
4.85%, 08/15/42 (Call 02/15/42)		9,109		8,485,355
4.85%, 03/15/44 (Call 09/15/43)^(a)		15,387		14,324,877
4.90%, 05/15/46 (Call 11/15/45)		11,204		10,402,845
5.10%, 02/15/45 (Call 08/15/44)^(a)		13,558		13,036,885
5.35%, 01/31/33 (Call 10/31/32)		9,783		10,182,548
5.95%, 02/01/41		9,088		9,647,629
Kinder Morgan Energy Partners LP
5.50%, 03/01/44 (Call 09/01/43)		7,317		6,866,118
6.95%, 01/15/38^(a)		16,008		18,091,587
Kinder Morgan Inc.
2.00%, 02/15/31 (Call 11/15/30)^(a)		7,599		6,180,628
3.60%, 02/15/51 (Call 08/15/50)		13,141		9,237,642
4.30%, 03/01/28 (Call 12/01/27)^(a)		11,513		11,339,185
4.80%, 02/01/33 (Call 11/01/32)^(a)		4,360		4,217,693
5.05%, 02/15/46 (Call 08/15/45)		8,204		7,218,721
5.20%, 06/01/33 (Call 03/01/33)		8,022		7,967,835
5.20%, 03/01/48 (Call 09/01/47)		10,775		9,653,289
5.30%, 12/01/34 (Call 06/01/34)		6,401		6,276,457
5.45%, 08/01/52 (Call 02/01/52)^(a)		10,244		9,469,285
5.55%, 06/01/45 (Call 12/01/44)		20,572		19,443,260
7.75%, 01/15/32		12,605		14,666,622
Magellan Midstream Partners LP, 3.95%, 03/01/50 (Call 09/01/49)		4,103		3,164,350
MPLX LP
2.65%, 08/15/30 (Call 05/15/30)		14,350		12,253,614
4.00%, 03/15/28 (Call 12/15/27)^(a)		14,406		13,927,293
4.13%, 03/01/27 (Call 12/01/26)		13,752		13,423,672
4.50%, 04/15/38 (Call 10/15/37)		20,583		18,409,283
4.70%, 04/15/48 (Call 10/15/47)		15,961		13,366,504
4.80%, 02/15/29 (Call 11/15/28)		8,037		8,025,551
4.95%, 09/01/32 (Call 06/01/32)		10,913		10,709,518
4.95%, 03/14/52 (Call 09/14/51)		17,648		15,312,432
5.00%, 03/01/33 (Call 12/01/32)^(a)		8,735		8,582,989


Security	Par (000)		Value

Pipelines (continued)
5.20%, 03/01/47 (Call 09/01/46)	$	7,194	$	6,478,051
5.50%, 02/15/49 (Call 08/15/48)		18,119		16,787,634
ONEOK Inc.
3.10%, 03/15/30 (Call 12/15/29)^(a)		7,500		6,660,055
3.40%, 09/01/29 (Call 06/01/29)		8,001		7,253,087
4.55%, 07/15/28 (Call 04/15/28)		8,235		8,077,842
5.20%, 07/15/48 (Call 01/15/48)^(a)		4,705		4,114,803
6.10%, 11/15/32 (Call 08/15/32)^(a)		3,783		3,952,264
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29 (Call 09/15/29)		10,946		9,885,210
3.80%, 09/15/30 (Call 06/15/30)		3,481		3,139,547
4.50%, 12/15/26 (Call 09/15/26)^(a)		4,924		4,832,808
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		15,799		15,307,420
4.50%, 05/15/30 (Call 11/15/29)^(a)		17,965		17,400,288
5.00%, 03/15/27 (Call 09/15/26)^(a)		15,673		15,676,849
5.88%, 06/30/26 (Call 12/31/25)		12,402		12,557,661
Targa Resources Corp.
4.00%, 01/15/32 (Call 07/15/26)^(a)		15,585		13,701,841
4.20%, 02/01/33 (Call 12/01/32)^(a)		9,757		8,851,959
4.88%, 02/01/31 (Call 02/01/26)^(a)		13,458		12,701,829
4.95%, 04/15/52 (Call 10/15/51)		7,293		6,049,030
5.20%, 07/01/27 (Call 06/01/27)^(a)		5,241		5,244,576
5.50%, 03/01/30 (Call 03/01/25)		5,752		5,625,771
6.13%, 03/15/33 (Call 12/15/32)^(a)		6,209		6,469,957
6.50%, 07/15/27 (Call 07/15/23)^(a)		9,299		9,482,051
6.50%, 02/15/53 (Call 08/15/52)		8,203		8,405,620
TransCanada PipeLines Ltd.
2.50%, 10/12/31 (Call 07/12/31)^(a)		13,170		10,889,633
4.10%, 04/15/30 (Call 01/15/30)^(a)		10,960		10,477,031
4.25%, 05/15/28 (Call 02/15/28)^(a)		13,472		13,175,041
4.63%, 03/01/34 (Call 12/01/33)		11,130		10,572,817
4.88%, 05/15/48 (Call 11/15/47)		5,912		5,395,178
5.10%, 03/15/49 (Call 09/15/48)^(a)		7,279		6,871,925
6.10%, 06/01/40^(a)		10,013		10,455,695
6.20%, 10/15/37		15,657		16,587,643
7.63%, 01/15/39		17,544		20,867,662
Western Midstream Operating LP
4.30%, 02/01/30 (Call 11/01/29)^(a)		5,505		5,032,609
5.50%, 02/01/50 (Call 08/01/49)^(a)		10,962		9,276,642
6.15%, 04/01/33 (Call 01/01/33)^(a)		1,070		1,088,950
Williams Companies Inc. (The)
2.60%, 03/15/31 (Call 12/15/30)		15,287		12,983,011
3.50%, 11/15/30 (Call 08/15/30)^(a)		10,922		9,983,328
3.75%, 06/15/27 (Call 03/15/27)^(a)		12,773		12,349,025
4.65%, 08/15/32 (Call 05/15/32)		12,195		11,815,590
4.85%, 03/01/48 (Call 09/01/47)		7,554		6,714,336
5.10%, 09/15/45 (Call 03/15/45)		9,049		8,280,209
5.30%, 08/15/52 (Call 02/15/52)^(a)		7,190		6,782,905
6.30%, 04/15/40		14,593		15,430,113
Williams Cos., Inc. (The), 5.65%, 03/15/33 (Call 12/15/32)^(a)		12,779		13,215,451


				1,196,719,189

Real Estate Investment Trusts — 1.7%

Alexandria Real Estate Equities Inc.
1.88%, 02/01/33 (Call 11/01/32)^(a)		8,279		6,261,038
2.00%, 05/18/32 (Call 02/18/32)^(a)		15,199		11,734,912
2.95%, 03/15/34 (Call 12/15/33)^(a)		14,757		11,958,975
3.00%, 05/18/51 (Call 11/18/50)^(a)		6,050		3,798,603
3.38%, 08/15/31 (Call 05/15/31)^(a)		5,409		4,742,954


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
3.55%, 03/15/52 (Call 09/15/51)	$	13,196	$	9,337,082
American Tower Corp.
1.88%, 10/15/30 (Call 07/15/30)^(a)		4,017		3,230,837
2.10%, 06/15/30 (Call 03/15/30)		2,538		2,085,078
2.75%, 01/15/27 (Call 11/15/26)^(a)		6,292		5,821,983
2.90%, 01/15/30 (Call 10/15/29)^(a)		4,133		3,628,263
2.95%, 01/15/51 (Call 07/15/50)^(a)		8,959		5,780,791
3.10%, 06/15/50 (Call 12/15/49)		10,263		6,852,925
3.38%, 10/15/26 (Call 07/15/26)		8,805		8,375,789
3.55%, 07/15/27 (Call 04/15/27)		7,700		7,301,818
3.80%, 08/15/29 (Call 05/15/29)^(a)		14,710		13,811,669
5.65%, 03/15/33 (Call 12/15/32)^(a)		9,395		9,745,415
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)^(a)		9,532		6,856,730
2.55%, 04/01/32 (Call 01/01/32)		9,495		7,148,260
2.75%, 10/01/26 (Call 07/01/26)		13,801		12,289,556
3.25%, 01/30/31 (Call 10/30/30)		13,882		11,361,115
3.40%, 06/21/29 (Call 03/21/29)		14,615		12,395,446
4.50%, 12/01/28 (Call 09/01/28)		11,774		10,728,442
6.75%, 12/01/27 (Call 11/01/27)^(a)		3,674		3,746,480
Brixmor Operating Partnership LP
4.05%, 07/01/30 (Call 04/01/30)^(a)		5,748		5,186,916
4.13%, 05/15/29 (Call 02/15/29)		6,517		5,998,024
Crown Castle Inc.
2.90%, 04/01/41 (Call 10/01/40)		7,868		5,621,073
3.25%, 01/15/51 (Call 07/15/50)^(a)		7,803		5,388,637
5.00%, 01/11/28 (Call 12/11/27)^(a)		8,206		8,295,406
5.10%, 05/01/33 (Call 02/01/33)		5,640		5,663,690
Crown Castle International Corp.
1.05%, 07/15/26 (Call 06/15/26)^(a)		10,065		8,944,945
2.10%, 04/01/31 (Call 01/01/31)^(a)		11,030		8,997,199
2.25%, 01/15/31 (Call 10/15/30)^(a)		11,241		9,325,401
2.50%, 07/15/31 (Call 04/15/31)^(a)		8,483		7,111,368
2.90%, 03/15/27 (Call 02/15/27)		10,039		9,369,620
3.30%, 07/01/30 (Call 04/01/30)^(a)		7,330		6,619,702
3.65%, 09/01/27 (Call 06/01/27)^(a)		7,785		7,443,900
3.70%, 06/15/26 (Call 03/15/26)		2,480		2,397,294
3.80%, 02/15/28 (Call 11/15/27)^(a)		9,884		9,467,661
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)^(a)		8,374		7,524,690
3.70%, 08/15/27 (Call 05/15/27)^(a)		8,992		8,405,343
5.55%, 01/15/28 (Call 12/15/27)^(a)		8,448		8,467,305
Equinix Inc.
2.15%, 07/15/30 (Call 04/15/30)^(a)		7,843		6,446,272
2.50%, 05/15/31 (Call 02/15/31)		13,126		10,844,889
3.20%, 11/18/29 (Call 08/18/29)^(a)		14,113		12,670,766
3.90%, 04/15/32 (Call 01/15/32)		14,876		13,532,437
ERP Operating LP, 4.50%, 07/01/44 (Call 01/01/44)		8,738		7,879,803
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32 (Call 10/15/31)		8,120		6,699,382
5.30%, 01/15/29 (Call 10/15/28)		6,990		6,739,959
5.38%, 04/15/26 (Call 01/15/26)		1,581		1,562,766
Healthcare Realty Holdings LP, 2.00%, 03/15/31 (Call 12/15/30)		8,699		6,794,782
Healthpeak Properties Inc., 3.00%, 01/15/30 (Call 10/15/29)^(a)		6,731		5,958,206
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		14,545		11,515,242
2.25%, 04/15/30 (Call 01/15/30)		8,456		7,281,983
4.75%, 06/15/33 (Call 03/15/33)^(a)		5,921		5,933,457


Security	Par (000)		Value

Real Estate Investment Trusts (continued)
Realty Income Corp.
3.25%, 01/15/31 (Call 10/15/30)	$	11,467	$	10,177,515
5.63%, 10/13/32 (Call 07/13/32)^(a)		8,540		8,852,159
Simon Property Group LP
1.75%, 02/01/28 (Call 11/01/27)^(a)		9,635		8,389,827
2.45%, 09/13/29 (Call 06/13/29)^(a)		13,109		11,419,335
2.65%, 07/15/30 (Call 04/15/30)^(a)		9,275		7,969,982
3.25%, 11/30/26 (Call 08/30/26)^(a)		4,604		4,384,123
3.25%, 09/13/49 (Call 03/13/49)^(a)		14,977		10,272,687
3.38%, 06/15/27 (Call 03/15/27)		7,573		7,185,596
3.38%, 12/01/27 (Call 09/01/27)^(a)		9,200		8,660,585
3.80%, 07/15/50 (Call 01/15/50)^(a)		7,315		5,487,632
Ventas Realty LP, 4.40%, 01/15/29 (Call 10/15/28)		6,347		6,054,844
VICI Properties LP
4.75%, 02/15/28 (Call 01/15/28)		12,618		12,184,422
4.95%, 02/15/30 (Call 12/15/29)^(a)		10,894		10,409,193
5.13%, 05/15/32 (Call 02/15/32)^(a)		15,090		14,406,568
5.63%, 05/15/52 (Call 11/15/51)^(a)		5,965		5,425,519
Welltower OP LLC
2.80%, 06/01/31 (Call 03/01/31)^(a)		9,599		8,050,393
3.10%, 01/15/30 (Call 10/15/29)^(a)		7,054		6,204,236
4.25%, 04/15/28 (Call 01/15/28)		7,859		7,557,301
Weyerhaeuser Co.
4.00%, 11/15/29 (Call 08/15/29)		8,931		8,457,144
4.00%, 04/15/30 (Call 01/15/30)^(a)		9,497		8,965,325


				583,596,665

Retail — 3.2%
AutoZone Inc.
4.00%, 04/15/30 (Call 01/15/30)		6,919		6,599,651
4.75%, 08/01/32 (Call 05/01/32)		5,428		5,392,296
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		11,848		10,698,646
1.60%, 04/20/30 (Call 01/20/30)^(a)		19,011		16,154,953
1.75%, 04/20/32 (Call 01/20/32)^(a)		7,947		6,562,755
3.00%, 05/18/27 (Call 02/18/27)^(a)		9,809		9,476,503
Dollar General Corp., 3.50%, 04/03/30 (Call 01/03/30)		8,372		7,734,541
Dollar Tree Inc.
2.65%, 12/01/31 (Call 09/01/31)		4,327		3,650,879
4.20%, 05/15/28 (Call 02/15/28)		11,580		11,346,172
Home Depot Inc. (The)
1.38%, 03/15/31 (Call 12/15/30)		14,919		12,077,075
1.50%, 09/15/28 (Call 07/15/28)^(a)		12,145		10,668,384
1.88%, 09/15/31 (Call 06/15/31)		11,609		9,656,489
2.13%, 09/15/26 (Call 06/15/26)^(a)		10,166		9,553,094
2.38%, 03/15/51 (Call 09/15/50)^(a)		14,942		9,494,710
2.50%, 04/15/27 (Call 02/15/27)^(a)		6,810		6,449,705
2.70%, 04/15/30 (Call 01/15/30)		17,521		15,951,267
2.75%, 09/15/51 (Call 03/15/51)		10,787		7,397,857
2.80%, 09/14/27 (Call 06/14/27)^(a)		10,744		10,206,406
2.88%, 04/15/27 (Call 03/15/27)^(a)		8,240		7,899,750
2.95%, 06/15/29 (Call 03/15/29)^(a)		20,063		18,748,420
3.00%, 04/01/26 (Call 01/01/26)^(a)		3,125		3,037,745
3.13%, 12/15/49 (Call 06/15/49)		13,864		10,362,180
3.25%, 04/15/32 (Call 01/15/32)^(a)		14,385		13,260,517
3.30%, 04/15/40 (Call 10/15/39)^(a)		14,126		11,792,385
3.35%, 04/15/50 (Call 10/15/49)		15,782		12,300,311
3.50%, 09/15/56 (Call 03/15/56)		3,157		2,468,342
3.63%, 04/15/52 (Call 10/15/51)^(a)		16,615		13,559,274
3.90%, 12/06/28 (Call 09/06/28)^(a)		12,683		12,589,658
3.90%, 06/15/47 (Call 12/15/46)		12,704		11,021,583


Security	Par (000)		Value

Retail (continued)
4.20%, 04/01/43 (Call 10/01/42)	$	10,896	$	9,995,950
4.25%, 04/01/46 (Call 10/01/45)^(a)		18,742		17,075,829
4.40%, 03/15/45 (Call 09/15/44)^(a)		12,220		11,392,480
4.50%, 09/15/32 (Call 06/15/32)^(a)		13,871		14,058,163
4.50%, 12/06/48 (Call 06/06/48)		16,913		16,023,496
4.88%, 02/15/44 (Call 08/15/43)		11,093		11,069,324
4.95%, 09/15/52 (Call 03/15/52)^(a)		10,539		10,614,285
5.88%, 12/16/36		30,768		34,682,351
5.95%, 04/01/41 (Call 10/01/40)		11,676		13,080,188
Lowe’s Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)^(a)		13,198		11,412,755
1.70%, 09/15/28 (Call 07/15/28)^(a)		10,753		9,400,220
1.70%, 10/15/30 (Call 07/15/30)^(a)		18,080		14,762,971
2.50%, 04/15/26 (Call 01/15/26)		1,218		1,156,287
2.63%, 04/01/31 (Call 01/01/31)^(a)		21,731		18,708,798
2.80%, 09/15/41 (Call 03/15/41)^(a)		12,268		8,695,001
3.00%, 10/15/50 (Call 04/15/50)^(a)		20,289		13,560,768
3.10%, 05/03/27 (Call 02/03/27)^(a)		16,329		15,586,800
3.35%, 04/01/27 (Call 03/01/27)^(a)		8,439		8,142,647
3.65%, 04/05/29 (Call 01/05/29)^(a)		16,830		16,042,477
3.70%, 04/15/46 (Call 10/15/45)		10,715		8,314,796
3.75%, 04/01/32 (Call 01/01/32)^(a)		18,166		16,835,900
4.05%, 05/03/47 (Call 11/03/46)		16,633		13,527,862
4.25%, 04/01/52 (Call 10/01/51)^(a)		15,606		12,916,832
4.45%, 04/01/62 (Call 10/01/61)		11,969		9,812,914
4.50%, 04/15/30 (Call 01/15/30)^(a)		11,458		11,340,042
5.00%, 04/15/33 (Call 01/15/33)^(a)		10,173		10,268,777
5.15%, 07/01/33 (Call 04/01/33)		8,178		8,341,612
5.63%, 04/15/53 (Call 10/15/52)^(a)		16,064		16,181,092
5.80%, 09/15/62 (Call 03/15/62)		9,055		9,140,809
McDonald’s Corp.
2.13%, 03/01/30 (Call 12/01/29)^(a)		10,349		8,999,405
2.63%, 09/01/29 (Call 06/01/29)^(a)		8,303		7,568,294
3.50%, 03/01/27 (Call 12/01/26)^(a)		6,926		6,747,671
3.50%, 07/01/27 (Call 05/01/27)^(a)		7,231		7,036,267
3.60%, 07/01/30 (Call 04/01/30)		9,645		9,187,568
3.63%, 09/01/49 (Call 03/01/49)		19,245		15,329,917
3.80%, 04/01/28 (Call 01/01/28)^(a)		9,378		9,225,302
4.20%, 04/01/50 (Call 10/01/49)		6,388		5,589,122
4.45%, 03/01/47 (Call 09/01/46)		12,918		11,827,235
4.45%, 09/01/48 (Call 03/01/48)^(a)		9,617		8,701,316
4.60%, 09/09/32 (Call 06/09/32)^(a)		7,031		7,136,797
4.70%, 12/09/35 (Call 06/09/35)		2,423		2,424,389
4.88%, 12/09/45 (Call 06/09/45)		19,342		18,728,064
5.15%, 09/09/52 (Call 03/09/52)^(a)		8,299		8,435,105
6.30%, 10/15/37		10,905		12,453,253
6.30%, 03/01/38^(a)		10,729		12,239,139
O’Reilly Automotive Inc.
3.60%, 09/01/27 (Call 06/01/27)		3,183		3,087,804
4.70%, 06/15/32 (Call 03/15/32)^(a)		7,097		7,054,657
Starbucks Corp.
2.25%, 03/12/30 (Call 12/12/29)		11,416		9,878,789
2.55%, 11/15/30 (Call 08/15/30)		12,842		11,237,086
3.00%, 02/14/32 (Call 11/14/31)^(a)		10,468		9,351,503
3.50%, 11/15/50 (Call 05/15/50)		11,886		9,195,410
3.55%, 08/15/29 (Call 05/15/29)^(a)		10,896		10,451,233
4.00%, 11/15/28 (Call 08/15/28)^(a)		8,506		8,403,434
4.45%, 08/15/49 (Call 02/15/49)^(a)		9,991		9,027,496
4.50%, 11/15/48 (Call 05/15/48)		9,743		8,867,079


Security	Par (000)		Value

Retail (continued)
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)^(a)	$	8,045	$	7,482,179
2.35%, 02/15/30 (Call 11/15/29)		8,945		7,942,622
2.50%, 04/15/26^(a)		2,216		2,133,965
2.95%, 01/15/52 (Call 07/15/51)^(a)		5,640		4,126,274
3.38%, 04/15/29 (Call 01/15/29)^(a)		6,715		6,478,572
4.00%, 07/01/42^(a)		13,644		12,567,258
4.50%, 09/15/32 (Call 06/15/32)^(a)		8,918		8,989,385
4.80%, 01/15/53 (Call 07/15/52)		12,683		12,518,935
TJX Companies Inc. (The), 2.25%, 09/15/26 (Call 06/15/26)		4,786		4,513,491
Walgreens Boots Alliance Inc.
3.45%, 06/01/26 (Call 03/01/26)^(a)		3,474		3,342,188
4.10%, 04/15/50 (Call 10/15/49)		5,187		3,911,374
4.80%, 11/18/44 (Call 05/18/44)^(a)		2,300		1,983,459
Walmart Inc.
2.50%, 09/22/41 (Call 03/22/41)		12,085		9,252,843
2.65%, 09/22/51 (Call 03/22/51)^(a)		17,560		12,721,244
3.05%, 07/08/26 (Call 05/08/26)		3,697		3,596,730
3.70%, 06/26/28 (Call 03/26/28)^(a)		17,567		17,483,857
3.90%, 04/15/28 (Call 03/15/28)		8,259		8,240,891
4.05%, 06/29/48 (Call 12/29/47)		21,173		19,890,342
4.10%, 04/15/33 (Call 01/15/33)		12,553		12,517,505
4.15%, 09/09/32 (Call 06/09/32)^(a)		7,613		7,693,714
4.50%, 09/09/52 (Call 03/09/52)		12,387		12,302,903
4.50%, 04/15/53 (Call 10/15/52)		11,154		11,054,569
5.25%, 09/01/35^(a)		17,320		19,064,271
6.20%, 04/15/38^(a)		8,859		10,552,370
6.50%, 08/15/37^(a)		5,122		6,244,545


				1,123,041,795

Semiconductors — 3.5%
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)		7,664		6,750,621
2.10%, 10/01/31 (Call 07/01/31)^(a)		9,150		7,780,524
2.80%, 10/01/41 (Call 04/01/41)		6,929		5,310,355
2.95%, 10/01/51 (Call 04/01/51)		9,553		6,976,102
3.50%, 12/05/26 (Call 09/05/26)		3,947		3,846,854
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)^(a)		8,493		7,153,002
2.75%, 06/01/50 (Call 12/01/49)^(a)		6,253		4,540,445
3.30%, 04/01/27 (Call 01/01/27)^(a)		8,440		8,181,788
4.35%, 04/01/47 (Call 10/01/46)		7,080		6,697,526
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)		11,552		10,857,519
3.88%, 01/15/27 (Call 10/15/26)		28,194		27,412,710
Broadcom Inc.
1.95%, 02/15/28 (Call 12/15/27)^(a)(c)		11,821		10,374,311
2.45%, 02/15/31 (Call 11/15/30)^(c)		30,141		24,684,976
2.60%, 02/15/33 (Call 11/15/32)^(c)		20,142		15,875,457
3.14%, 11/15/35 (Call 08/15/35)^(c)		37,021		28,659,433
3.19%, 11/15/36 (Call 08/15/36)^(c)		30,365		23,138,677
3.42%, 04/15/33 (Call 01/15/33)^(c)		24,612		20,713,036
3.46%, 09/15/26 (Call 07/15/26)^(a)		2,583		2,478,647
3.47%, 04/15/34 (Call 01/15/34)^(c)		34,238		28,293,455
3.50%, 02/15/41 (Call 08/15/40)^(c)		28,091		21,107,148
3.75%, 02/15/51 (Call 08/15/50)^(a)(c)		16,698		12,323,660
4.00%, 04/15/29 (Call 02/15/29)^(c)		12,410		11,694,256
4.11%, 09/15/28 (Call 06/15/28)^(a)		14,156		13,627,971
4.15%, 11/15/30 (Call 08/15/30)		22,241		20,685,182
4.15%, 04/15/32 (Call 01/15/32)^(c)		14,703		13,421,370


Security	Par (000)		Value

Semiconductors (continued)
4.30%, 11/15/32 (Call 08/15/32)	$	22,698	$	20,840,387
4.75%, 04/15/29 (Call 01/15/29)		11,763		11,637,973
4.93%, 05/15/37 (Call 02/15/37)^(c)		25,946		23,681,176
Intel Corp.
1.60%, 08/12/28 (Call 06/12/28)		11,092		9,718,169
2.00%, 08/12/31 (Call 05/12/31)		12,710		10,471,306
2.45%, 11/15/29 (Call 08/15/29)		23,511		20,734,464
2.60%, 05/19/26 (Call 02/19/26)^(a)		5,168		4,919,246
2.80%, 08/12/41 (Call 02/12/41)^(a)		9,680		6,938,453
3.05%, 08/12/51 (Call 02/12/51)		14,397		9,776,322
3.10%, 02/15/60 (Call 08/15/59)^(a)		11,616		7,521,233
3.15%, 05/11/27 (Call 02/11/27)^(a)		10,398		9,989,004
3.20%, 08/12/61 (Call 02/12/61)		8,872		5,870,383
3.25%, 11/15/49 (Call 05/15/49)		20,352		14,474,517
3.73%, 12/08/47 (Call 06/08/47)		21,141		16,662,877
3.75%, 03/25/27 (Call 01/25/27)		10,485		10,288,889
3.75%, 08/05/27 (Call 07/05/27)		12,821		12,549,273
3.90%, 03/25/30 (Call 12/25/29)		18,960		18,173,541
4.00%, 08/05/29 (Call 06/05/29)		8,230		8,055,336
4.00%, 12/15/32^(a)		7,096		6,755,684
4.10%, 05/19/46 (Call 11/19/45)		14,619		12,426,825
4.10%, 05/11/47 (Call 11/11/46)		11,090		9,305,414
4.15%, 08/05/32 (Call 05/05/32)^(a)		13,021		12,564,930
4.60%, 03/25/40 (Call 09/25/39)		8,025		7,486,120
4.75%, 03/25/50 (Call 09/25/49)^(a)		24,426		22,190,743
4.80%, 10/01/41^(a)		9,639		9,136,850
4.88%, 02/10/28 (Call 01/10/28)		17,881		18,183,273
4.90%, 07/29/45 (Call 01/29/45)^(a)		8,067		7,817,026
4.90%, 08/05/52 (Call 02/05/52)^(a)		17,551		16,252,019
4.95%, 03/25/60 (Call 09/25/59)^(a)		8,011		7,422,605
5.05%, 08/05/62 (Call 02/05/62)		9,699		8,931,197
5.13%, 02/10/30 (Call 12/10/29)		12,234		12,528,217
5.20%, 02/10/33 (Call 11/10/32)		23,646		24,084,780
5.63%, 02/10/43 (Call 08/10/42)^(a)		9,205		9,456,809
5.70%, 02/10/53 (Call 08/10/52)^(a)		20,970		21,449,404
5.90%, 02/10/63 (Call 08/10/62)^(a)		13,233		13,647,124
KLA Corp.
3.30%, 03/01/50 (Call 08/28/49)		6,063		4,632,236
4.10%, 03/15/29 (Call 12/15/28)^(a)		8,503		8,404,135
4.65%, 07/15/32 (Call 04/15/32)^(a)		11,111		11,267,698
4.95%, 07/15/52 (Call 01/15/52)^(a)		10,591		10,505,261
5.25%, 07/15/62 (Call 01/15/62)^(a)		7,786		7,913,773
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		4,887		4,135,364
2.88%, 06/15/50 (Call 12/15/49)^(a)		3,957		2,801,214
4.00%, 03/15/29 (Call 12/15/28)^(a)		11,934		11,796,743
4.88%, 03/15/49 (Call 09/15/48)^(a)		9,903		9,786,189
Marvell Technology Inc.
2.45%, 04/15/28 (Call 02/15/28)^(a)		7,293		6,405,370
2.95%, 04/15/31 (Call 01/15/31)		8,123		6,792,717
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)		14,243		11,359,275
4.19%, 02/15/27 (Call 12/15/26)		6,568		6,334,070
4.66%, 02/15/30 (Call 11/15/29)^(a)		8,425		8,066,550
5.88%, 02/09/33 (Call 11/09/32)		6,046		6,097,764
5.88%, 09/15/33 (Call 06/15/33)		8,832		8,816,394
6.75%, 11/01/29 (Call 09/01/29)		15,331		16,135,004
NVIDIA Corp.
1.55%, 06/15/28 (Call 04/15/28)		11,958		10,632,812
2.00%, 06/15/31 (Call 03/15/31)^(a)		10,067		8,533,001


Security	Par (000)		Value

Semiconductors (continued)
2.85%, 04/01/30 (Call 01/01/30)^(a)	$	17,548	$	16,089,645
3.20%, 09/16/26 (Call 06/16/26)		4,519		4,405,001
3.50%, 04/01/40 (Call 10/01/39)		10,027		8,629,921
3.50%, 04/01/50 (Call 10/01/49)^(a)		20,724		16,961,378
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)^(a)		13,059		10,799,837
2.65%, 02/15/32 (Call 11/15/31)^(a)		12,464		10,252,545
3.25%, 05/11/41 (Call 11/11/40)^(a)		6,995		5,103,801
3.40%, 05/01/30 (Call 02/01/30)^(a)		12,191		10,955,901
3.88%, 06/18/26 (Call 04/18/26)		1,026		993,215
4.30%, 06/18/29 (Call 03/18/29)		13,531		12,977,088
5.00%, 01/15/33 (Call 10/15/32)^(a)		11,629		11,364,246
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24)		8,759		7,981,019
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		9,881		8,633,499
1.65%, 05/20/32 (Call 02/20/32)^(a)		16,698		13,449,337
2.15%, 05/20/30 (Call 02/20/30)^(a)		13,155		11,508,128
3.25%, 05/20/27 (Call 02/20/27)^(a)		15,383		14,901,927
3.25%, 05/20/50 (Call 11/20/49)^(a)		7,132		5,506,221
4.30%, 05/20/47 (Call 11/20/46)^(a)		13,868		12,849,362
4.50%, 05/20/52 (Call 11/20/51)^(a)		10,442		9,691,496
4.65%, 05/20/35 (Call 11/20/34)^(a)		6,292		6,345,924
4.80%, 05/20/45 (Call 11/20/44)		15,577		15,433,324
6.00%, 05/20/53 (Call 11/20/52)^(a)		12,272		13,976,807
Texas Instruments Inc.
1.75%, 05/04/30 (Call 02/04/30)		5,550		4,717,852
2.25%, 09/04/29 (Call 06/04/29)		9,593		8,568,085
3.88%, 03/15/39 (Call 09/15/38)		8,423		7,730,776
4.15%, 05/15/48 (Call 11/15/47)^(a)		14,806		13,690,217
4.90%, 03/14/33 (Call 12/14/32)		8,598		8,963,351
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)		7,639		6,699,833


				1,224,121,900

Software — 3.7%
Activision Blizzard Inc.
2.50%, 09/15/50 (Call 03/15/50)		12,116		7,936,627
3.40%, 09/15/26 (Call 06/15/26)		2,874		2,790,426
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		3,380		3,149,316
2.30%, 02/01/30 (Call 11/01/29)^(a)		14,212		12,623,401
Autodesk Inc., 2.40%, 12/15/31 (Call 09/15/31)^(a)		12,198		10,220,433
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		10,054		8,434,564
2.90%, 12/01/29 (Call 09/01/29)		8,344		7,323,120
Fidelity National Information Services Inc.
1.65%, 03/01/28 (Call 01/01/28)^(a)		7,659		6,625,861
2.25%, 03/01/31 (Call 12/01/30)^(a)		13,462		10,894,082
3.10%, 03/01/41 (Call 09/01/40)		6,254		4,390,180
5.10%, 07/15/32 (Call 04/15/32)^(a)		9,692		9,556,759
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		7,531		6,880,317
2.65%, 06/01/30 (Call 03/01/30)		13,597		11,848,880
3.20%, 07/01/26 (Call 05/01/26)		15,342		14,633,134
3.50%, 07/01/29 (Call 04/01/29)^(a)		32,271		30,080,083
4.20%, 10/01/28 (Call 07/01/28)		11,743		11,427,597
4.40%, 07/01/49 (Call 01/01/49)		18,210		15,555,224
5.45%, 03/02/28 (Call 02/02/28)^(a)		12,675		12,993,677
5.60%, 03/02/33 (Call 12/02/32)		11,257		11,736,151
Microsoft Corp.
2.40%, 08/08/26 (Call 05/08/26)^(a)		35,966		34,277,842
2.53%, 06/01/50 (Call 12/01/49)		69,606		49,436,283


Security	Par (000)		Value

Software (continued)
2.68%, 06/01/60 (Call 12/01/59)^(a)	$	41,072	$	28,514,006
2.92%, 03/17/52 (Call 09/17/51)		65,977		50,497,971
3.04%, 03/17/62 (Call 09/17/61)		19,682		14,812,307
3.30%, 02/06/27 (Call 11/06/26)^(a)		36,568		35,912,310
3.45%, 08/08/36 (Call 02/08/36)		19,558		18,205,486
3.50%, 02/12/35 (Call 08/12/34)^(a)		16,297		15,568,953
3.70%, 08/08/46 (Call 02/08/46)^(a)		20,929		18,985,485
4.10%, 02/06/37 (Call 08/06/36)		9,292		9,247,605
4.25%, 02/06/47 (Call 08/06/46)		13,736		13,469,574
4.45%, 11/03/45 (Call 05/03/45)^(a)		11,330		11,403,346
4.50%, 02/06/57 (Call 08/06/56)^(a)		7,742		7,973,435
Oracle Corp.
2.30%, 03/25/28 (Call 01/25/28)		24,026		21,523,872
2.65%, 07/15/26 (Call 04/15/26)^(a)		26,679		25,054,689
2.80%, 04/01/27 (Call 02/01/27)		28,213		26,275,021
2.88%, 03/25/31 (Call 12/25/30)		34,919		30,084,265
2.95%, 04/01/30 (Call 01/01/30)^(a)		35,301		31,217,832
3.25%, 11/15/27 (Call 08/15/27)^(a)		30,971		29,210,763
3.60%, 04/01/40 (Call 10/01/39)		33,245		25,823,503
3.60%, 04/01/50 (Call 10/01/49)		47,799		34,068,871
3.65%, 03/25/41 (Call 09/25/40)		25,490		19,749,953
3.80%, 11/15/37 (Call 05/15/37)		19,129		16,024,312
3.85%, 07/15/36 (Call 01/15/36)		13,393		11,459,173
3.85%, 04/01/60 (Call 10/01/59)		37,001		26,056,171
3.90%, 05/15/35 (Call 11/15/34)		11,467		10,065,887
3.95%, 03/25/51 (Call 09/25/50)		33,901		25,626,735
4.00%, 07/15/46 (Call 01/15/46)^(a)		32,529		24,920,590
4.00%, 11/15/47 (Call 05/15/47)		23,018		17,713,513
4.10%, 03/25/61 (Call 09/25/60)^(a)		16,947		12,539,994
4.13%, 05/15/45 (Call 11/15/44)^(a)		21,629		17,046,048
4.30%, 07/08/34 (Call 01/08/34)		17,795		16,399,634
4.38%, 05/15/55 (Call 11/15/54)		12,605		10,071,213
4.50%, 05/06/28 (Call 04/06/28)^(a)		5,765		5,710,571
4.50%, 07/08/44 (Call 01/08/44)		10,709		9,016,760
4.65%, 05/06/30 (Call 03/06/30)		9,586		9,389,901
4.90%, 02/06/33 (Call 11/06/32)		12,767		12,567,205
5.38%, 07/15/40		23,278		22,318,916
5.55%, 02/06/53 (Call 08/06/52)		15,674		15,080,874
6.13%, 07/08/39		13,793		14,526,690
6.15%, 11/09/29 (Call 09/09/29)		14,749		15,682,137
6.25%, 11/09/32 (Call 08/09/32)		25,215		27,214,086
6.50%, 04/15/38^(a)		13,905		15,142,609
6.90%, 11/09/52 (Call 05/09/52)		26,648		29,928,260
Roper Technologies Inc.
1.75%, 02/15/31 (Call 11/15/30)		11,830		9,441,608
4.20%, 09/15/28 (Call 06/15/28)^(a)		8,868		8,821,186
salesforce.com Inc.
1.50%, 07/15/28 (Call 05/15/28)^(a)		9,823		8,676,319
1.95%, 07/15/31 (Call 04/15/31)^(a)		10,552		8,863,356
2.70%, 07/15/41 (Call 01/15/41)		10,888		8,155,796
2.90%, 07/15/51 (Call 01/15/51)^(a)		18,553		13,190,586
3.05%, 07/15/61 (Call 01/15/61)^(a)		14,384		9,908,043
3.70%, 04/11/28 (Call 01/11/28)^(a)		18,756		18,619,269
VMware Inc.
1.40%, 08/15/26 (Call 07/15/26)		9,145		8,167,009
1.80%, 08/15/28 (Call 06/15/28)		8,206		6,993,350
2.20%, 08/15/31 (Call 05/15/31)^(a)		17,286		13,689,627
3.90%, 08/21/27 (Call 05/21/27)		11,970		11,539,286
4.70%, 05/15/30 (Call 02/15/30)^(a)		9,407		9,089,463


Security	Par (000)		Value

Software (continued)
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)	$	7,223	$	6,934,031
3.70%, 04/01/29 (Call 02/01/29)		8,390		7,910,113
3.80%, 04/01/32 (Call 01/01/32)^(a)		13,127		11,989,767


				1,276,903,292

Telecommunications — 6.6%
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)^(a)		25,741		22,583,086
2.25%, 02/01/32 (Call 11/01/31)^(a)		24,235		19,767,292
2.30%, 06/01/27 (Call 04/01/27)		28,275		25,927,494
2.55%, 12/01/33 (Call 09/01/33)		39,292		31,618,347
2.75%, 06/01/31 (Call 03/01/31)^(a)		29,005		25,027,034
3.30%, 02/01/52 (Call 08/01/51)^(a)		10,224		7,239,544
3.50%, 06/01/41 (Call 12/01/40)^(a)		26,342		20,760,101
3.50%, 09/15/53 (Call 03/15/53)		78,370		56,268,445
3.55%, 09/15/55 (Call 03/15/55)		79,522		56,520,874
3.65%, 06/01/51 (Call 12/01/50)		31,491		23,522,983
3.65%, 09/15/59 (Call 03/15/59)		67,556		47,820,102
3.80%, 02/15/27 (Call 11/15/26)^(a)		9,201		8,939,357
3.80%, 12/01/57 (Call 06/01/57)		61,948		45,544,120
3.85%, 06/01/60 (Call 12/01/59)^(a)		15,564		11,485,197
4.10%, 02/15/28 (Call 11/15/27)		18,404		17,992,650
4.25%, 03/01/27 (Call 12/01/26)^(a)		16,917		16,819,827
4.30%, 02/15/30 (Call 11/15/29)^(a)		34,444		33,449,082
4.30%, 12/15/42 (Call 06/15/42)^(a)		13,116		11,338,252
4.35%, 03/01/29 (Call 12/01/28)		31,766		31,222,071
4.35%, 06/15/45 (Call 12/15/44)		12,292		10,540,433
4.50%, 05/15/35 (Call 11/15/34)		25,154		23,669,356
4.50%, 03/09/48 (Call 09/09/47)		17,038		14,629,640
4.55%, 03/09/49 (Call 09/09/48)		8,728		7,530,989
4.75%, 05/15/46 (Call 11/15/45)		18,448		16,526,988
4.85%, 03/01/39 (Call 09/01/38)		9,387		8,827,014
5.25%, 03/01/37 (Call 09/01/36)^(a)		10,772		10,762,312
5.65%, 02/15/47 (Call 08/15/46)^(a)		8,485		8,610,415
Bell Telephone Co. of Canada or Bell Canada (The)
3.65%, 08/15/52 (Call 02/15/52)		5,931		4,638,637
4.46%, 04/01/48 (Call 10/01/47)^(a)		11,517		10,226,909
British Telecommunications PLC, 9.63%, 12/15/30		31,929		40,263,047
Cisco Systems Inc.
2.50%, 09/20/26 (Call 06/20/26)^(a)		7,619		7,249,731
5.50%, 01/15/40		23,087		25,132,815
5.90%, 02/15/39^(a)		22,822		25,776,258
Corning Inc.
4.38%, 11/15/57 (Call 05/15/57)		7,216		6,113,906
5.45%, 11/15/79 (Call 05/15/79)		10,194		9,558,696
Deutsche Telekom International Finance BV, 8.75%, 06/15/30		43,136		52,645,870
Motorola Solutions Inc.
2.30%, 11/15/30 (Call 08/15/30)		10,006		8,192,386
2.75%, 05/24/31 (Call 02/24/31)		7,918		6,589,156
4.60%, 05/23/29 (Call 02/23/29)^(a)		8,780		8,629,736
Orange SA
5.38%, 01/13/42^(a)		13,132		13,563,180
5.50%, 02/06/44 (Call 08/06/43)^(a)		3,565		3,774,308
9.00%, 03/01/31		33,575		42,322,808
Rogers Communications Inc.
3.20%, 03/15/27 (Call 02/15/27)^(a)(c)		10,659		9,998,022
3.70%, 11/15/49 (Call 05/15/49)^(a)		11,454		8,313,125
3.80%, 03/15/32 (Call 12/15/31)^(a)(c)		17,097		15,380,196
4.30%, 02/15/48 (Call 08/15/47)		8,811		6,997,185


Security	Par (000)		Value

Telecommunications (continued)
4.35%, 05/01/49 (Call 11/01/48)^(a)	$	12,834	$	10,338,483
4.50%, 03/15/42 (Call 09/15/41)^(c)		6,879		5,846,754
4.55%, 03/15/52 (Call 09/15/51)^(a)(c)		20,392		16,734,964
5.00%, 03/15/44 (Call 09/15/43)^(a)		11,314		10,252,876
Sprint Capital Corp.
6.88%, 11/15/28^(a)		43		46,386
8.75%, 03/15/32^(a)		1,044		1,276,714
Telefonica Emisiones SA
4.10%, 03/08/27		10,332		10,008,029
4.67%, 03/06/38^(a)		7,347		6,419,986
4.90%, 03/06/48^(a)		12,072		9,999,747
5.21%, 03/08/47^(a)		26,419		22,992,649
5.52%, 03/01/49 (Call 09/01/48)		13,453		12,145,725
7.05%, 06/20/36		25,419		28,252,176
Telefonica Europe BV, 8.25%, 09/15/30^(a)		14,749		17,349,656
TELUS Corp.
3.40%, 05/13/32 (Call 02/13/32)		13,591		12,026,976
4.60%, 11/16/48 (Call 05/16/48)		7,016		6,229,045
T-Mobile USA Inc.
2.05%, 02/15/28 (Call 12/15/27)		19,279		17,124,211
2.25%, 11/15/31 (Call 08/15/31)		16,281		13,325,800
2.55%, 02/15/31 (Call 11/15/30)		31,817		27,054,021
2.63%, 04/15/26 (Call 04/15/24)^(a)		2,437		2,287,408
2.63%, 02/15/29 (Call 02/15/24)		10,159		8,979,337
2.70%, 03/15/32 (Call 01/15/29)		11,967		10,102,204
2.88%, 02/15/31 (Call 02/15/26)		15,090		13,096,629
3.00%, 02/15/41 (Call 08/15/40)		25,274		18,722,565
3.30%, 02/15/51 (Call 08/15/50)		32,028		22,876,002
3.38%, 04/15/29 (Call 04/15/24)		21,936		20,117,190
3.40%, 10/15/52 (Call 04/15/52)		32,259		23,362,958
3.50%, 04/15/31 (Call 04/15/26)		29,911		27,063,338
3.60%, 11/15/60 (Call 05/15/60)		13,254		9,410,651
3.75%, 04/15/27 (Call 02/15/27)		38,807		37,392,504
3.88%, 04/15/30 (Call 01/15/30)		74,475		70,152,761
4.38%, 04/15/40 (Call 10/15/39)^(a)		22,428		20,137,951
4.50%, 04/15/50 (Call 10/15/49)^(a)		33,910		29,722,841
4.75%, 02/01/28 (Call 02/01/24)^(a)		20,389		20,286,729
4.95%, 03/15/28 (Call 02/15/28)^(a)		10,514		10,617,775
5.05%, 07/15/33 (Call 04/15/33)^(a)		11,894		11,976,485
5.20%, 01/15/33 (Call 10/15/32)		11,903		12,110,619
5.65%, 01/15/53 (Call 07/15/52)		18,648		19,226,903
5.80%, 09/15/62 (Call 03/15/62)		5,458		5,672,734
Verizon Communications Inc.
1.50%, 09/18/30 (Call 06/18/30)^(a)		12,884		10,437,599
1.68%, 10/30/30 (Call 07/30/30)^(a)		13,235		10,670,095
1.75%, 01/20/31 (Call 10/20/30)^(a)		24,706		19,878,865
2.10%, 03/22/28 (Call 01/22/28)^(a)		31,104		27,830,920
2.36%, 03/15/32 (Call 12/15/31)		48,467		39,724,537
2.55%, 03/21/31 (Call 12/21/30)^(a)		45,660		38,778,604
2.63%, 08/15/26		17,664		16,692,840
2.65%, 11/20/40 (Call 05/20/40)^(a)		30,805		21,860,944
2.85%, 09/03/41 (Call 03/03/41)		10,505		7,630,285
2.88%, 11/20/50 (Call 05/20/50)^(a)		28,000		18,566,948
2.99%, 10/30/56 (Call 04/30/56)^(a)		38,454		24,768,268
3.00%, 03/22/27 (Call 01/22/27)^(a)		9,455		9,024,568
3.00%, 11/20/60 (Call 05/20/60)^(a)		18,392		11,698,090
3.15%, 03/22/30 (Call 12/22/29)^(a)		18,252		16,713,491
3.40%, 03/22/41 (Call 09/22/40)		39,427		31,011,003
3.55%, 03/22/51 (Call 09/22/50)^(a)		46,715		35,494,632
3.70%, 03/22/61 (Call 09/22/60)^(a)		35,897		26,606,113


Security	Par (000)		Value

Telecommunications (continued)
3.88%, 02/08/29 (Call 11/08/28)	$	12,746	$	12,286,440
3.88%, 03/01/52 (Call 09/01/51)^(a)		11,572		9,285,339
4.00%, 03/22/50 (Call 09/22/49)		13,935		11,517,488
4.02%, 12/03/29 (Call 09/03/29)^(a)		42,122		40,476,765
4.13%, 03/16/27^(a)		35,650		35,324,341
4.13%, 08/15/46^(a)		8,714		7,414,371
4.27%, 01/15/36		20,431		18,954,186
4.33%, 09/21/28		44,813		44,419,511
4.40%, 11/01/34 (Call 05/01/34)		18,194		17,228,763
4.50%, 08/10/33^(a)		20,767		20,044,855
4.52%, 09/15/48^(a)		12,137		10,913,626
4.81%, 03/15/39		13,024		12,482,273
4.86%, 08/21/46		24,556		23,186,055
5.01%, 08/21/54^(a)		8,068		7,689,697
5.25%, 03/16/37		10,463		10,635,037
6.55%, 09/15/43		9,455		10,678,509
Vodafone Group PLC
4.25%, 09/17/50^(a)		17,331		14,117,635
4.38%, 05/30/28^(a)		4,690		4,710,772
4.38%, 02/19/43^(a)		19,454		16,420,919
4.88%, 06/19/49		18,013		16,098,665
5.25%, 05/30/48^(a)		9,280		8,853,256
6.15%, 02/27/37^(a)		21,895		23,522,287

				2,284,697,350

Toys, Games & Hobbies — 0.0%
Hasbro Inc., 3.90%, 11/19/29 (Call 08/19/29)		10,193		9,359,687


Transportation — 1.9%
Burlington Northern Santa Fe LLC
3.30%, 09/15/51 (Call 03/15/51)^(a)		10,833		8,270,340
3.55%, 02/15/50 (Call 08/15/49)		8,300		6,734,461
3.90%, 08/01/46 (Call 02/01/46)		7,586		6,472,395
4.05%, 06/15/48 (Call 12/15/47)		8,690		7,665,145
4.13%, 06/15/47 (Call 12/15/46)		7,781		6,906,632
4.15%, 04/01/45 (Call 10/01/44)^(a)		8,629		7,708,674
4.15%, 12/15/48 (Call 06/15/48)		8,970		7,980,267
4.45%, 03/15/43 (Call 09/15/42)		9,620		8,999,137
4.45%, 01/15/53 (Call 07/15/52)		9,780		9,208,418
4.55%, 09/01/44 (Call 03/01/44)		8,467		8,003,232
4.90%, 04/01/44 (Call 10/01/43)		11,549		11,373,657
5.75%, 05/01/40 (Call 11/01/39)		8,994		9,688,354
Canadian National Railway Co., 3.85%, 08/05/32 (Call 05/05/32)		7,571		7,269,471
Canadian Pacific Railway Co.
1.75%, 12/02/26 (Call 11/02/26)^(a)		8,973		8,195,258
2.45%, 12/02/31 (Call 09/02/31)^(a)		12,612		11,243,004
3.00%, 12/02/41 (Call 06/02/41)^(a)		13,604		11,299,032
3.10%, 12/02/51 (Call 06/02/51)^(a)		22,413		16,078,367
6.13%, 09/15/2115 (Call 03/15/2115)		8,272		8,902,380
CSX Corp.
3.25%, 06/01/27 (Call 03/01/27)		7,900		7,572,882
3.80%, 03/01/28 (Call 12/01/27)^(a)		10,424		10,211,560
3.80%, 11/01/46 (Call 05/01/46)^(a)		5,279		4,358,648
4.10%, 11/15/32 (Call 08/15/32)^(a)		10,333		10,024,598
4.10%, 03/15/44 (Call 09/15/43)^(a)		7,545		6,646,243
4.25%, 03/15/29 (Call 12/15/28)		11,638		11,515,091
4.30%, 03/01/48 (Call 09/01/47)^(a)		8,497		7,558,838
4.50%, 11/15/52 (Call 05/15/52)^(a)		9,196		8,475,563
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)^(a)		13,397		11,391,260


Security	Par (000)		Value


Transportation (continued)
3.10%, 08/05/29 (Call 05/05/29)^(a)	$	14,331	$	13,223,688
3.25%, 05/15/41 (Call 11/15/40)^(a)		9,785		7,473,694
4.05%, 02/15/48 (Call 08/15/47)^(a)		11,394		9,269,772
4.25%, 05/15/30 (Call 02/15/30)^(a)		10,256		10,008,205
4.40%, 01/15/47 (Call 07/15/46)		8,040		6,867,314
4.55%, 04/01/46 (Call 10/01/45)		14,450		12,606,587
4.75%, 11/15/45 (Call 05/15/45)		13,312		12,052,689
4.95%, 10/17/48 (Call 04/17/48)		9,734		9,065,129
5.10%, 01/15/44^(a)		4,196		3,979,515
5.25%, 05/15/50 (Call 11/15/49)^(a)		12,859		12,569,364
Norfolk Southern Corp.
3.05%, 05/15/50 (Call 11/15/49)^(a)		718		503,721
3.16%, 05/15/55 (Call 11/15/54)		9,309		6,406,683
4.55%, 06/01/53 (Call 12/01/52)^(a)		8,960		8,127,936
Union Pacific Corp.
2.38%, 05/20/31 (Call 02/20/31)		13,171		11,423,719
2.40%, 02/05/30 (Call 11/05/29)^(a)		9,593		8,509,194
2.80%, 02/14/32 (Call 11/14/31)^(a)		15,320		13,553,901
2.95%, 03/10/52 (Call 09/10/51)^(a)		9,861		7,029,225
2.97%, 09/16/62 (Call 03/16/62)^(a)		14,633		9,711,100
3.20%, 05/20/41 (Call 11/20/40)^(a)		11,933		9,644,988
3.25%, 02/05/50 (Call 08/05/49)		19,608		14,994,655
3.50%, 02/14/53 (Call 08/14/52)		11,559		9,186,129
3.70%, 03/01/29 (Call 12/01/28)		9,740		9,496,452
3.75%, 02/05/70 (Call 08/05/69)		3,446		2,662,134
3.80%, 10/01/51 (Call 04/01/51)^(a)		11,353		9,528,271
3.80%, 04/06/71 (Call 10/06/70)^(a)		10,837		8,471,014
3.84%, 03/20/60 (Call 09/20/59)		20,460		16,700,002
3.95%, 09/10/28 (Call 06/10/28)^(a)		9,260		9,176,288
4.50%, 01/20/33 (Call 10/20/32)^(a)		9,460		9,516,895
United Parcel Service Inc.
3.05%, 11/15/27 (Call 08/15/27)^(a)		12,023		11,550,835
3.40%, 03/15/29 (Call 12/15/28)^(a)		9,894		9,541,961
3.75%, 11/15/47 (Call 05/15/47)^(a)		9,498		8,219,533
4.25%, 03/15/49 (Call 09/15/48)		5,283		4,852,299
4.45%, 04/01/30 (Call 01/01/30)^(a)		8,577		8,696,527
4.88%, 03/03/33 (Call 12/03/32)^(a)		8,582		8,870,311
5.05%, 03/03/53 (Call 09/03/52)		10,879		11,234,400
5.30%, 04/01/50 (Call 10/01/49)^(a)		9,739		10,485,866
6.20%, 01/15/38		19,837		22,791,430
Walmart Inc.
1.05%, 09/17/26 (Call 08/17/26)		11,145		10,101,285


Security	Par/ Shares (000)		Value


Transportation (continued)
1.50%, 09/22/28 (Call 07/22/28)^(a)	$	12,023	$	10,632,742
1.80%, 09/22/31 (Call 06/22/31)^(a)		28,414		24,091,966
3.95%, 09/09/27 (Call 08/09/27)^(a)		8,470		8,504,016


				651,084,342

Water — 0.1%
American Water Capital Corp.
3.75%, 09/01/47 (Call 03/01/47)		9,258		7,601,066
4.45%, 06/01/32 (Call 03/01/32)^(a)		10,617		10,541,910
6.59%, 10/15/37		9,255		10,606,327


				28,749,303


Total Long-Term Investments — 98.3% (Cost: $38,935,770,761)				34,157,793,400


Short-Term Securities

Money Market Funds — 8.5%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.02%^(d)(e)(f)		2,644,952		2,645,745,960
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%^(d)(e)		325,194		325,194,000


Total Short-Term Securities — 8.5% (Cost: $2,969,798,760)				2,970,939,960


Total Investments — 106.8% (Cost: $41,905,569,521)				37,128,733,360

Liabilities in Excess of Other Assets — (6.8)%				(2,379,588,024	)


Net Assets — 100.0%			$	34,749,145,336

^(a)	All or a portion of this security is on loan.

^(b)	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.

^(c)	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.

^(d)	Affiliate of the Fund.

^(e)	Annualized 7-day yield as of period end.

^(f)	All or a portion of this security was purchased with the cash collateral from loaned securities.

determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cboe Global Indices, LLC, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above


				Cumulative Total Returns

	6-Month Total Returns			Since Inception

Fund NAV		11.34	%		(3.45	)%
Fund Market		11.75			(3.45	)
Index		11.88			(2.90	)


Actual							Hypothetical 5% Return


	Beginning Account Value (11/01/22	)	Ending Account Value (04/30/23	)	Expenses Paid During the Period	^(a)		Beginning Account Value (11/01/22	)	Ending Account Value (04/30/23	)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

	$ 1,000.00		$ 1,113.40		$ 1.05			$ 1,000.00		$ 1,023.80		$ 1.00		0.20	%



Maturity	Percent of Total Investments	^(a)

20-25 Years	33.8	%
25-30 Years	66.2


Actual							Hypothetical 5% Return


	Beginning Account Value (11/01/22	)	Ending Account Value (04/30/23	)	Expenses Paid During the Period	^(a)		Beginning Account Value (11/01/22	)	Ending Account Value (04/30/23	)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

	$ 1,000.00		$ 1,063.30		$ 1.02			$ 1,000.00		$ 1,023.80		$ 1.00		0.20	%



Maturity	Percent of Total Investments	^(a)

0-1 Year	0.4	%
1-5 Years	50.1
5-10 Years	47.5
10-15 Years	0.8
More than 20 Years	1.2


2		T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T


	Page

The Markets in Review		2
Semi-Annual Report:
Fund Summary		4
About Fund Performance		7
Disclosure of Expenses		7
Schedules of Investments		8
Financial Statements
Statements of Assets and Liabilities		14
Statements of Operations		15
Statements of Changes in Net Assets		16
Financial Highlights		18
Notes to Financial Statements		21
Statement Regarding Liquidity Risk Management Program		27
Supplemental Information		28
General Information		29
Glossary of Terms Used in this Report		30
Additional Financial Information		31


Fund Summary as of April 30, 2023		iShares^® 20+ Year Treasury Bond BuyWrite Strategy ETF



Investment Type	Percent of Net Assets

Investment Companies		101.4	%
Short-term Investments		0.4
Options Written		(1.8	)
Other assets less liabilities		(—	)^(a)


4		2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S


Fund Summary as of April 30, 2023		iShares^® High Yield Corporate Bond BuyWrite Strategy ETF


Fund Summary as of April 30, 2023		iShares^® Investment Grade Corporate Bond BuyWrite Strategy ETF



Investment Type	Percent of Net Assets

Investment Companies		101.2	%
Short-term Investments		0.2
Options Written		(1.4	)
Other assets less liabilities		(—	)^(a)


A B O U T F U N D P E R F O R M A N C E / D I S C L O S U R E O F E X P E N S E S		7




Affiliated Issuer	Value at 10/31/22		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 04/30/23		Shares Held at 04/30/23		Income		Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Treasury, SL Agency Shares	$	310,000	$	280,000	^(a)	$	—		$	—		$	—	$	590,000		590,000	$	5,953	$	—
iShares 20+ Year Treasury Bond ETF		21,732,970		130,834,264			(13,607,646	)		(285,092	)		3,727,677		142,402,173		1,337,612		729,968		—


									$	(285,092	)	$	3,727,677	$	142,992,173			$	735,921	$	—



Description	Unrealized Appreciation		Unrealized Depreciation			Value

Options Written	$	—	$	(640,618	)	$	(2,542,669	)




	Commodity Contracts		Credit Contracts		Equity Contracts		Foreign Currency Exchange Contracts		Interest Rate Contracts		Other Contracts		Total


Liabilities — Derivative Financial Instruments
Options written
Options written at value	$	—	$	—	$	2,542,669	$	—	$	—	$	—	$	2,542,669




	Level 1		Level 2			Level 3		Total


Assets
Investments
Long-Term Investments
Investment Companies	$	142,402,173	$	—		$	—	$	142,402,173
Short-Term Securities
Money Market Funds		590,000		—			—		590,000


	$	142,992,173	$	—		$	—	$	142,992,173

Derivative Financial Instruments^(a)
Liabilities
Equity Contracts	$	—	$	(2,542,669	)	$	—	$	(2,542,669	)




Affiliated Issuer	Value at 10/31/22		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 04/30/23		Shares Held at 04/30/23		Income		Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Treasury, SL Agency Shares	$	300,000	$	—	$	(160,000	)^(a)	$	—	$	—	$	140,000		140,000	$	5,586	$	—
iShares iBoxx $ Investment Grade Corporate Bond ETF		12,597,197		74,492,063		(9,352,064	)		159,431		2,102,072		79,998,699		727,724		635,021		—


								$	159,431	$	2,102,072	$	80,138,699			$	640,607	$	—


	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF			iShares High Yield Corporate Bond BuyWrite Strategy ETF			iShares Investment Grade Corporate Bond BuyWrite Strategy ETF


ASSETS
Investments, at value — affiliated^(a)	$	142,992,173		$	24,613,825		$	80,138,699
Cash		8,274			8,297			2,390
Receivables:
Options written		30,606			—			—
Dividends — affiliated		2,662			571			1,511


Total assets		143,033,715			24,622,693			80,142,600


LIABILITIES
Options written, at value^(b)		2,542,669			222,187			1,080,156
Payables:
Capital shares redeemed		23,434			—			—
Investment advisory fees		18,853			3,718			12,116


Total liabilities		2,584,956			225,905			1,092,272


NET ASSETS	$	140,448,759		$	24,396,788		$	79,050,328


NET ASSETS CONSIST OF
Paid-in capital	$	142,055,782		$	25,240,924		$	80,505,116
Accumulated loss		(1,607,023	)		(844,136	)		(1,454,788	)


NET ASSETS	$	140,448,759		$	24,396,788		$	79,050,328


NET ASSET VALUE
Shares outstanding		4,100,000			675,000			2,300,000


Net asset value	$	34.26		$	36.14		$	34.37


Shares authorized		Unlimited			Unlimited			Unlimited


Par value		None			None			None


^(a)Investments, at cost — affiliated	$	141,593,713		$	24,386,434		$	78,730,523
^(b)Premiums received		1,902,051			169,602			761,784


	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF						iShares High Yield Corporate Bond BuyWrite Strategy ETF


		Six Months Ended			Period From			Six Months Ended				Period From
		04/30/23			08/18/22	^(a)		04/30/23						08/18/22	^(a)
		(unaudited)			to 10/31/22			(unaudited)				to 10/31/22


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income	$	680,676		$	50,157				$	455,517			$	52,843
Net realized gain		1,288,164			330,681					120,990				84,435
Net change in unrealized appreciation (depreciation)		3,028,552			(2,270,710	)				416,624				(241,818	)


Net increase (decrease) in net assets resulting from operations		4,997,392			(1,889,872	)				993,131				(104,540	)


DISTRIBUTIONS TO SHAREHOLDERS^(b)
From net investment income		(4,333,289	)^(c)		(381,254	)				(1,595,449	)^(c)			(205,232	)
Return of capital		—			(28,722	)				—				(10,822	)


Decrease in net assets resulting from distributions to shareholders		(4,333,289	)		(409,976	)				(1,595,449	)			(216,054	)


CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions		117,918,821			24,165,683					15,629,437				9,690,263


NET ASSETS
Total increase in net assets		118,582,924			21,865,835					15,027,119				9,369,669
Beginning of period		21,865,835			—					9,369,669				—


End of period	$	140,448,759		$	21,865,835				$	24,396,788			$	9,369,669


	iShares Investment Grade Corporate Bond BuyWrite Strategy ETF


		Six Months Ended 04/30/23 (unaudited)			Period From 08/18/22 to 10/31/22	^(a)


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income	$	603,362		$	51,955
Net realized loss		(37,170	)		(197,148	)
Net change in unrealized appreciation (depreciation)		1,836,645			(746,841	)


Net increase (decrease) in net assets resulting from operations		2,402,837			(892,034	)


DISTRIBUTIONS TO SHAREHOLDERS^(b)
From net investment income		(3,094,504	)^(c)		(218,030	)
Return of capital		—			(33,141	)


Decrease in net assets resulting from distributions to shareholders		(3,094,504	)		(251,171	)


CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions		67,183,404			13,701,796


NET ASSETS
Total increase in net assets		66,491,737			12,558,591
Beginning of period		12,558,591			—


End of period	$	79,050,328		$	12,558,591


	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF


		Six Months Ended				Period From
		04/30/23						08/18/22	^(a)
		(unaudited)				to 10/31/22


Net asset value, beginning of period			$	33.64			$	40.06

Net investment income^(b)				0.42				0.13
Net realized and unrealized gain^(c)				3.25				(5.35	)


Net increase from investment operations				3.67				(5.22	)


Distributions^(d)
From net investment income				(3.05	)^(e)			(1.12	)
Return of capital				—				(0.08	)


Total distributions				(3.05	)			(1.20	)


Net asset value, end of period			$	34.26			$	33.64


Total Return^(f)
Based on net asset value				11.34	%^(g)			(13.29	)%^(g)


Ratios to Average Net Assets^(h)
Total expenses				0.35	%⁽ⁱ⁾			0.35	%⁽ⁱ⁾


Total expenses after fees waived				0.20	%⁽ⁱ⁾			0.20	%⁽ⁱ⁾


Net investment income				2.46	%⁽ⁱ⁾			1.81	%⁽ⁱ⁾


Supplemental Data
Net assets, end of period (000)			$	140,449			$	21,866


Portfolio turnover rate^(j)				2	%			0	%


	iShares High Yield Corporate Bond BuyWrite Strategy ETF


	Six Months Ended					Period From
		04/30/23						08/18/22	^(a)
	(unaudited)					to 10/31/22


Net asset value, beginning of period			$	37.48			$	40.06

Net investment income^(b)				0.98				0.33
Net realized and unrealized gain (loss)^(c)				1.28				(1.54	)


Net increase (decrease) from investment operations				2.26				(1.21	)


Distributions^(d)
From net investment income				(3.60	)^(e)			(1.30	)
Return of capital				—				(0.07	)


Total distributions				(3.60	)			(1.37	)


Net asset value, end of period			$	36.14			$	37.48


Total Return^(f)
Based on net asset value				6.33	%^(g)			(3.02	)%^(g)


Ratios to Average Net Assets^(h)
Total expenses				0.70	%⁽ⁱ⁾			0.70	%⁽ⁱ⁾


Total expenses after fees waived				0.20	%⁽ⁱ⁾			0.20	%⁽ⁱ⁾


Net investment income				5.41	%⁽ⁱ⁾			4.25	%⁽ⁱ⁾


Supplemental Data
Net assets, end of period (000)			$	24,397			$	9,370


Portfolio turnover rate^(j)				1	%			0	%


	iShares Investment Grade Corporate Bond BuyWrite Strategy ETF


	Six Months Ended					Period From
		04/30/23						08/18/22	^(a)
	(unaudited)					to 10/31/22


Net asset value, beginning of period			$	35.88			$	40.10

Net investment income^(b)				0.55				0.17
Net realized and unrealized gain (loss)^(c)				1.58				(3.40	)


Net increase (decrease) from investment operations				2.13				(3.23	)


Distributions^(d)
From net investment income				(3.64	)^(e)			(0.86	)
Return of capital				—				(0.13	)


Total distributions				(3.64	)			(0.99	)


Net asset value, end of period			$	34.37			$	35.88


Total Return^(f)
Based on net asset value				6.28	%^(g)			(8.14	)%^(g)


Ratios to Average Net Assets^(h)
Total expenses				0.35	%⁽ⁱ⁾			0.35	%⁽ⁱ⁾


Total expenses after fees waived				0.20	%⁽ⁱ⁾			0.20	%⁽ⁱ⁾


Net investment income				3.24	%⁽ⁱ⁾			2.32	%⁽ⁱ⁾


Supplemental Data
Net assets, end of period (000)			$	79,050			$	12,559


Portfolio turnover rate^(j)				0	%^(k)			0	%^(k)



iShares ETF	Diversification Classification

20+ Year Treasury Bond BuyWrite Strategy		Diversified
High Yield Corporate Bond BuyWrite Strategy		Diversified
Investment Grade Corporate Bond BuyWrite Strategy		Diversified



iShares ETF	Investment Advisory Fees

20+ Year Treasury Bond BuyWrite Strategy		0.35	%
High Yield Corporate Bond BuyWrite Strategy		0.70
Investment Grade Corporate Bond BuyWrite Strategy		0.35



iShares ETF	Amounts Waived

20+ Year Treasury Bond BuyWrite Strategy	$	41,434
High Yield Corporate Bond BuyWrite Strategy		42,085
Investment Grade Corporate Bond BuyWrite Strategy		27,933



iShares ETF	Purchases		Sales

20+ Year Treasury Bond BuyWrite Strategy	$	1,469,958	$	2,716,726
High Yield Corporate Bond BuyWrite Strategy		184,543		1,233,233
Investment Grade Corporate Bond BuyWrite Strategy		98,043		2,087,523



iShares ETF	In-kind Purchases		In-kind Sales

20+ Year Treasury Bond BuyWrite Strategy	$	129,364,306	$	10,890,919
High Yield Corporate Bond BuyWrite Strategy		18,516,818		2,757,848
Investment Grade Corporate Bond BuyWrite Strategy		74,394,020		7,264,541



iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)

20+ Year Treasury Bond BuyWrite Strategy	$	141,593,713	$	1,398,460	$	(640,618	)	$	757,842
High Yield Corporate Bond BuyWrite Strategy		24,386,434		227,391		(52,585	)		174,806
Investment Grade Corporate Bond BuyWrite Strategy		78,730,523		1,408,176		(318,372	)		1,089,804




	Six Months Ended 04/30/23						Period Ended 10/31/22


iShares ETF	Shares			Amount			Shares			Amount


20+ Year Treasury Bond BuyWrite Strategy
Shares sold		3,775,000		$	128,774,377			650,000		$	24,165,683
Shares redeemed		(325,000	)		(10,855,556	)		—			—


		3,450,000		$	117,918,821			650,000		$	24,165,683

High Yield Corporate Bond BuyWrite Strategy
Shares sold		500,000		$	18,368,795			275,000		$	10,621,163
Shares redeemed		(75,000	)		(2,739,358	)		(25,000	)		(930,900	)


		425,000		$	15,629,437			250,000		$	9,690,263

Investment Grade Corporate Bond BuyWrite Strategy
Shares sold		2,150,000		$	74,232,725			525,000		$	19,983,269
Shares redeemed		(200,000	)		(7,049,321	)		(175,000	)		(6,281,473	)


		1,950,000		$	67,183,404			350,000		$	13,701,796


S T A T E M E N T R E G A R D I N G L I Q U I D I T Y R I S K M A N A G E M E N T P R O G R A M			27



	Total Cumulative Distributions for the Fiscal Year-to-Date								% Breakdown of the Total Cumulative Distributions for the Fiscal Year-to-Date


iShares ETF	Net Investment Income		Net Realized Capital Gains		Return of Capital		Total Per Share		Net Investment Income			Net Realized Capital Gains			Return of Capital			Total Per Share

20+ Year Treasury Bond BuyWrite Strategy^(a)	$	1.710563	$	—	$	1.334804	$	3.045367		56	%		—	%		44	%		100	%
High Yield Corporate Bond BuyWrite Strategy^(a)		1.706386		—		1.893941		3.600327		47			—			53			100
Investment Grade Corporate Bond BuyWrite Strategy^(a)		2.460497		—		1.181208		3.641705		68			—			32			100


Portfolio Abbreviation

ETF		Exchange-Traded Fund

Currency Abbreviations

USD		United States Dollar