Global Income Builder Portfolio NPORTP (Jan 2021 report)

Global Income Builder Portfolio

January 31, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 58.0%


Security	Shares		Value
Aerospace & Defense— 0.5%
Safran S.A.⁽¹⁾		11,010	$	1,384,040

			$	1,384,040

Banks— 3.6%
Bank of New York Mellon Corp. (The)		58,216	$	2,318,743
Citigroup, Inc.		33,345		1,933,676
HDFC Bank, Ltd.⁽¹⁾		57,776		1,102,970
ING Groep NV⁽¹⁾		194,669		1,730,872
Japan Post Bank Co., Ltd.		23,903		206,689
Mitsubishi UFJ Financial Group, Inc.		281,322		1,270,388
Mizuho Financial Group, Inc.		15,697		206,923
Sumitomo Mitsui Financial Group, Inc.		9,888		307,204
Wells Fargo & Co.		39,840		1,190,419

			$	10,267,884

Beverages— 0.6%
Diageo PLC⁽¹⁾		43,702	$	1,754,512

			$	1,754,512

Biotechnology— 0.7%
CSL, Ltd.		9,240	$	1,915,651

			$	1,915,651

Building Products— 0.5%
Assa Abloy AB, Class B		58,604	$	1,449,381

			$	1,449,381

Chemicals— 0.4%
Sika AG		4,276	$	1,163,550

			$	1,163,550

Construction & Engineering— 0.0%
Abengoa S.A., Class A⁽¹⁾⁽²⁾		36,194	$	0
Abengoa S.A., Class B⁽¹⁾⁽²⁾		374,261		0

			$	0

Construction Materials— 0.6%
CRH PLC⁽¹⁾		37,741	$	1,548,694

			$	1,548,694

Consumer Finance— 0.3%
Capital One Financial Corp.		8,949	$	933,023

			$	933,023


Security	Shares		Value
Diversified Financial Services— 1.5%
Berkshire Hathaway, Inc., Class B⁽¹⁾		11,423	$	2,602,959
ORIX Corp.		97,741		1,568,341

			$	4,171,300

Electric Utilities— 1.3%
Enel SpA		84,729	$	840,341
Iberdrola S.A.		104,391		1,413,369
NextEra Energy, Inc.		18,839		1,523,510

			$	3,777,220

Electrical Equipment— 1.6%
AMETEK, Inc.		21,120	$	2,392,051
Schneider Electric SE		14,344		2,099,397

			$	4,491,448

Electronic Equipment, Instruments & Components— 2.7%
CDW Corp.		8,608	$	1,133,329
Halma PLC		31,661		1,067,172
Keyence Corp.		2,788		1,496,825
Murata Manufacturing Co., Ltd.		12,790		1,228,454
TE Connectivity, Ltd.		13,498		1,625,159
Zebra Technologies Corp., Class A⁽¹⁾		3,088		1,197,619

			$	7,748,558

Entertainment— 1.3%
Nintendo Co., Ltd.		1,879	$	1,081,619
Walt Disney Co. (The)⁽¹⁾		14,950		2,514,141

			$	3,595,760

Equity Real Estate Investment Trusts (REITs)— 0.8%
American Tower Corp.		4,875	$	1,108,380
Equity Residential		20,005		1,233,108

			$	2,341,488

Food & Staples Retailing— 0.4%
Tesco PLC⁽¹⁾		333,084	$	1,089,983

			$	1,089,983

Food Products— 1.8%
Mondelez International, Inc., Class A		47,553	$	2,636,338
Nestle S.A.		21,639		2,425,658

			$	5,061,996

Gas Utilities— 0.3%
Snam SpA		151,071	$	792,172

			$	792,172


Security	Shares		Value
Health Care Equipment & Supplies— 2.7%
Alcon, Inc.⁽¹⁾		24,944	$	1,790,165
Boston Scientific Corp.⁽¹⁾		68,567		2,430,014
Intuitive Surgical, Inc.⁽¹⁾		2,390		1,786,860
Siemens Healthineers AG⁽³⁾		10,536		590,874
Straumann Holding AG		1,010		1,119,513

			$	7,717,426

Health Care Providers & Services— 0.5%
Anthem, Inc.		4,396	$	1,305,524

			$	1,305,524

Hotels, Restaurants & Leisure— 0.4%
Compass Group PLC⁽¹⁾		68,211	$	1,218,437

			$	1,218,437

Industrial Conglomerates— 1.3%
DCC PLC		22,125	$	1,664,455
Siemens AG		12,396		1,920,638

			$	3,585,093

Insurance— 2.4%
Allstate Corp. (The)		12,375	$	1,326,353
Aviva PLC		289,802		1,325,578
AXA S.A.		54,206		1,200,899
Dai-ichi Life Holdings, Inc.		13,382		203,899
Japan Post Insurance Co., Ltd.		10,076		197,905
Old Republic International Corp.		57,703		1,044,424
Progressive Corp. (The)		18,623		1,623,739

			$	6,922,797

Interactive Media & Services— 3.6%
Alphabet, Inc., Class C⁽¹⁾		3,343	$	6,136,879
Facebook, Inc., Class A⁽¹⁾		10,961		2,831,555
Tencent Holdings, Ltd.		14,516		1,293,423

			$	10,261,857

Internet & Direct Marketing Retail— 2.1%
Amazon.com, Inc.⁽¹⁾⁽⁴⁾		1,894	$	6,072,543

			$	6,072,543

IT Services— 1.7%
Amadeus IT Group S.A.		28,452	$	1,816,467
Global Payments, Inc.		5,052		891,779
Visa, Inc., Class A		11,011		2,127,876

			$	4,836,122


Security	Shares		Value
Leisure Products— 0.7%
Yamaha Corp.		33,494	$	1,887,600

			$	1,887,600

Life Sciences Tools & Services— 0.3%
Lonza Group AG		1,508	$	963,159

			$	963,159

Machinery— 2.4%
Alstom S.A.⁽¹⁾		23,678	$	1,283,811
Ingersoll Rand, Inc.⁽¹⁾		26,108		1,092,358
Sandvik AB⁽¹⁾		61,975		1,543,494
SMC Corp.		2,349		1,421,527
Stanley Black & Decker, Inc.		8,610		1,493,749

			$	6,834,939

Media— 0.0%⁽⁵⁾
Clear Channel Outdoor Holdings, Inc.⁽¹⁾		3,408	$	6,782
iHeartMedia, Inc., Class A⁽¹⁾		715		10,396

			$	17,178

Metals & Mining— 0.8%
Rio Tinto, Ltd.		27,162	$	2,273,431

			$	2,273,431

Mortgage Real Estate Investment Trusts (REITs)— 0.3%
AGNC Investment Corp.		50,836	$	793,042

			$	793,042

Multi-Utilities— 0.3%
CMS Energy Corp.		12,892	$	733,297

			$	733,297

Oil, Gas & Consumable Fuels— 1.9%
Chevron Corp.		14,063	$	1,198,168
EOG Resources, Inc.		33,144		1,689,018
EP Energy Corp.⁽¹⁾		1,360		58,480
Extraction Oil & Gas, Inc.^(1)(2)(6)		425		11,821
Extraction Oil & Gas, Inc.⁽¹⁾		9,684		271,148
Phillips 66		15,997		1,084,597
TOTAL SE		27,023		1,138,975

			$	5,452,207

Personal Products— 0.8%
Unilever PLC		40,512	$	2,360,034

			$	2,360,034


Security	Shares		Value
Pharmaceuticals— 3.9%
Eli Lilly & Co.		11,284	$	2,346,734
Novo Nordisk A/S, Class B		25,178		1,754,106
Roche Holding AG PC		6,005		2,072,396
Sanofi		25,850		2,431,147
Takeda Pharmaceutical Co., Ltd.		8,602		302,529
Zoetis, Inc.		13,965		2,154,101

			$	11,061,013

Professional Services— 1.7%
Recruit Holdings Co., Ltd.		38,665	$	1,681,827
RELX PLC		94,497		2,339,602
Verisk Analytics, Inc.		5,111		937,868

			$	4,959,297

Semiconductors & Semiconductor Equipment— 3.3%
ASML Holding NV		5,128	$	2,737,602
Infineon Technologies AG		54,237		2,172,927
Micron Technology, Inc.⁽¹⁾		26,684		2,088,557
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		20,453		2,485,449

			$	9,484,535

Software— 3.0%
Dassault Systemes SE		6,673	$	1,332,087
Intuit, Inc.		3,022		1,091,637
Microsoft Corp.		26,854		6,229,054

			$	8,652,778

Specialty Retail— 1.4%
Lowe’s Cos., Inc.		10,777	$	1,798,143
TJX Cos., Inc. (The)		32,835		2,102,753

			$	3,900,896

Technology Hardware, Storage & Peripherals— 1.5%
Apple, Inc.		30,170	$	3,981,233
Konica Minolta, Inc.		49,092		212,966

			$	4,194,199

Textiles, Apparel & Luxury Goods— 1.7%
adidas AG⁽¹⁾		8,307	$	2,633,973
LVMH Moet Hennessy Louis Vuitton SE		3,630		2,194,680

			$	4,828,653

Tobacco— 0.3%
Imperial Brands PLC⁽¹⁾		39,519	$	793,209

			$	793,209


Security	Shares		Value
Wireless Telecommunication Services— 0.1%
SoftBank Corp.		23,754	$	312,043

			$	312,043


Total Common Stocks (identified cost $123,642,193)			$	164,907,969


Preferred Stocks— 1.2%

Security	Shares		Value
Banks— 0.2%
Bank of America Corp., Series PP, 4.125%		3,642	$	91,050
Farm Credit Bank of Texas, 6.75% to 9/15/23⁽³⁾⁽⁷⁾		1,115		121,814
Huntington Bancshares, Inc., Series D, 6.25%		3,450		87,595
Signature Bank, Series A, 5.00%		5,000		127,200
Wells Fargo & Co., Series AA, 4.70%		1,384		34,877
Wells Fargo & Co., Series Z, 4.75%		4,762		119,145

			$	581,681

Capital Markets— 0.0%⁽⁵⁾
Affiliated Managers Group, Inc., 4.75%		2,250	$	58,905

			$	58,905

Electric Utilities— 0.1%
SCE Trust III, Series H, 5.75% to 3/15/24⁽⁷⁾		6,294	$	153,070
SCE Trust IV, Series J, 5.375% to 9/15/25⁽⁷⁾		948		22,942
SCE Trust V, Series K, 5.45% to 3/15/26⁽⁷⁾		3,551		90,657

			$	266,669

Equity Real Estate Investment Trusts (REITs)— 0.1%
SITE Centers Corp., Series A, 6.375%		10,450	$	262,295
SITE Centers Corp., Series K, 6.25%		1,950		49,023

			$	311,318

Food Products— 0.2%
Dairy Farmers of America, Inc., 7.875%⁽³⁾		4,700	$	470,000
Ocean Spray Cranberries, Inc., Series A, 6.25%⁽³⁾		540		47,520

			$	517,520

Independent Power and Renewable Electricity Producers— 0.0%⁽⁵⁾
Algonquin Power & Utilities Corp., Series 19-A, 6.20% to 7/1/24⁽⁷⁾		3,175	$	88,495

			$	88,495

Insurance— 0.2%
American Equity Investment Life Holding Co., Series B, 6.625% to 9/1/25⁽⁷⁾		7,517	$	201,080
Athene Holding, Ltd., Series C, 6.375% to 6/30/25⁽⁷⁾		10,000		275,200

			$	476,280


Security	Shares		Value
Oil, Gas & Consumable Fuels— 0.1%
NuStar Energy, L.P., Series B, 7.625% to 6/15/22⁽⁷⁾		17,350	$	297,900

			$	297,900

Pipelines— 0.1%
Energy Transfer Operating, L.P., Series C, 7.375% to 5/15/23⁽⁷⁾		3,000	$	62,700
Energy Transfer Operating, L.P., Series E, 7.60% to 5/15/24⁽⁷⁾		2,970		65,399

			$	128,099

Real Estate Management & Development— 0.1%
Brookfield Property Partners, L.P., Series A, 5.75%		6,545	$	152,171
Brookfield Property Partners, L.P., Series A2, 6.375%		8,191		198,468

			$	350,639

Trading Companies & Distributors— 0.1%
WESCO International, Inc., Series A, 10.625% to 6/22/25⁽⁷⁾		12,788	$	397,451

			$	397,451

Wireless Telecommunication Services— 0.0%⁽⁵⁾
United States Cellular Corp., 5.50%		3,760	$	94,639

			$	94,639


Total Preferred Stocks (identified cost $3,650,699)			$	3,569,596


Corporate Bonds & Notes — 38.3%

Security	Principal Amount* (000’s omitted)		Value
Aerospace & Defense — 0.8%
BWX Technologies, Inc., 5.375%, 7/15/26⁽³⁾		215	$	223,103
Moog, Inc., 4.25%, 12/15/27⁽³⁾		170		176,588
Rolls-Royce PLC, 5.75%, 10/15/27⁽³⁾		292		312,805
Rolls-Royce PLC, 5.75%, 10/15/27⁽⁸⁾	GBP	161		239,768
TransDigm UK Holdings PLC, 6.875%, 5/15/26		200		211,319
TransDigm, Inc., 4.625%, 1/15/29⁽³⁾		185		183,960
TransDigm, Inc., 5.50%, 11/15/27		106		108,936
TransDigm, Inc., 6.25%, 3/15/26⁽³⁾		419		443,702
TransDigm, Inc., 6.50%, 5/15/25		30		30,806
TransDigm, Inc., 7.50%, 3/15/27		327		350,443

			$	2,281,430

Airlines — 0.3%
Delta Air Lines, Inc., 7.375%, 1/15/26		115	$	132,197
Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.50%, 10/20/25⁽³⁾		110		117,587
Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.75%, 10/20/28⁽³⁾		110		121,963
Mileage Plus Holdings, LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27⁽³⁾		401		439,095

			$	810,842


Security	Principal Amount* (000’s omitted)		Value
Auto Components — 0.5%
Clarios Global, L.P., 6.75%, 5/15/25⁽³⁾		81	$	86,417
Clarios Global, L.P./Clarios US Finance Co., 4.375%, 5/15/26⁽⁸⁾	EUR	181		227,221
Clarios Global, L.P./Clarios US Finance Co., 8.50%, 5/15/27⁽³⁾		765		811,397
Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29⁽³⁾		234		240,500

			$	1,365,535

Automobiles — 1.2%
Fiat Chrysler Automobiles N.V., 4.50%, 7/7/28⁽⁸⁾	EUR	420	$	645,873
Ford Motor Co., 4.75%, 1/15/43		197		199,079
Ford Motor Co., 8.50%, 4/21/23		202		226,594
Ford Motor Co., 9.625%, 4/22/30		208		295,109
Ford Motor Credit Co., LLC, 3.087%, 1/9/23		231		233,986
Ford Motor Credit Co., LLC, 3.37%, 11/17/23		253		257,761
Ford Motor Credit Co., LLC, 3.815%, 11/2/27		327		336,908
Ford Motor Credit Co., LLC, 4.00%, 11/13/30		200		205,250
Ford Motor Credit Co., LLC, 4.125%, 8/17/27		555		584,831
Ford Motor Credit Co., LLC, 5.125%, 6/16/25		200		217,450
General Motors Financial Co., Inc., Series C, 5.70% to 9/30/30⁽⁷⁾⁽⁹⁾		85		95,731
Jaguar Land Rover Automotive PLC, 6.875%, 11/15/26⁽⁸⁾	EUR	100		133,838
Navistar International Corp., 9.50%, 5/1/25⁽³⁾		99		110,388

			$	3,542,798

Banks — 1.9%
Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/10/28^(3)(7)(9)		200	$	220,300
Barclays PLC, 7.875% to 3/15/22^(7)(8)(9)		242		254,601
CIT Group, Inc., 6.125%, 3/9/28		105		130,836
Citigroup, Inc., 5.95% to 1/30/23⁽⁷⁾⁽⁹⁾		125		131,673
Citigroup, Inc., Series M, 6.30% to 5/15/24⁽⁷⁾⁽⁹⁾		200		214,322
Comerica, Inc., 5.625% to 7/1/25⁽⁷⁾⁽⁹⁾		125		138,180
Credit Suisse Group AG, 7.50% to 7/17/23^(3)(7)(9)		208		226,924
Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28^(3)(7)(9)		220		238,700
HSBC Holdings PLC, 4.60% to 12/17/30⁽⁷⁾⁽⁹⁾		200		203,250
Huntington Bancshares, Inc., Series F, 5.625% to 7/15/30⁽⁷⁾⁽⁹⁾		125		147,408
JPMorgan Chase & Co., Series HH, 4.60% to 2/1/25⁽⁷⁾⁽⁹⁾		298		307,014
JPMorgan Chase & Co., Series S, 6.75% to 2/1/24⁽⁷⁾⁽⁹⁾		215		241,808
JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽⁷⁾⁽⁹⁾		329		359,640
Lloyds Banking Group PLC, 7.50% to 9/27/25⁽⁷⁾⁽⁹⁾		200		228,590
Regions Financial Corp., Series D, 5.75% to 6/15/25⁽⁷⁾⁽⁹⁾		63		70,520
Societe Generale S.A., 5.375% to 11/18/30^(3)(7)(9)		200		209,000
Standard Chartered PLC, 4.75% to 1/14/31^(3)(7)(9)		229		231,908
SVB Financial Group, 4.10% to 2/15/31^(7)(9)(10)		58		59,085
Truist Financial Corp., Series P, 4.95% to 9/1/25⁽⁷⁾⁽⁹⁾		62		67,890
Truist Financial Corp., Series Q, 5.10% to 3/1/30⁽⁷⁾⁽⁹⁾		77		87,033
Vivion Investments S.a.r.l., 3.00%, 8/8/24⁽⁸⁾	EUR	1,200		1,357,816
Zions Bancorp NA, 5.80% to 6/15/23⁽⁷⁾⁽⁹⁾		268		268,188

			$	5,394,686


Security	Principal Amount* (000’s omitted)		Value
Biotechnology — 0.1%
Emergent BioSolutions, Inc., 3.875%, 8/15/28⁽³⁾		185	$	190,257

			$	190,257

Building Products — 1.0%
Boise Cascade Co., 4.875%, 7/1/30⁽³⁾		116	$	126,223
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.875%, 2/15/30⁽³⁾		121		124,214
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 6.25%, 9/15/27⁽³⁾		63		66,583
Builders FirstSource, Inc., 5.00%, 3/1/30⁽³⁾		90		96,300
Builders FirstSource, Inc., 6.75%, 6/1/27⁽³⁾		150		161,625
CP Atlas Buyer, Inc., 7.00%, 12/1/28⁽³⁾		71		73,884
Empire Communities Corp., 7.00%, 12/15/25⁽³⁾		162		171,428
HT Troplast GmbH, 9.25%, 7/15/25⁽⁸⁾	EUR	360		484,017
M/I Homes, Inc., 4.95%, 2/1/28		82		86,520
Masonite International Corp., 5.375%, 2/1/28⁽³⁾		105		112,592
Shea Homes, L.P./Shea Homes Funding Corp., 4.75%, 2/15/28⁽³⁾		253		259,799
Shea Homes, L.P./Shea Homes Funding Corp., 4.75%, 4/1/29⁽³⁾		72		74,340
Standard Industries, Inc., 4.375%, 7/15/30⁽³⁾		192		204,055
Standard Industries, Inc., 5.00%, 2/15/27⁽³⁾		78		81,364
Taylor Morrison Communities, Inc., 5.125%, 8/1/30⁽³⁾		112		123,021
Taylor Morrison Communities, Inc., 5.75%, 1/15/28⁽³⁾		196		221,602
Taylor Morrison Communities, Inc., 5.875%, 6/15/27⁽³⁾		146		165,272
TRI Pointe Group, Inc., 5.70%, 6/15/28		261		293,625

			$	2,926,464

Capital Markets — 0.2%
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79⁽⁷⁾		150	$	152,531
Charles Schwab Corp. (The), Series H, 4.00% to 12/1/30⁽⁷⁾⁽⁹⁾		149		154,215
Morgan Stanley, Series J, 4.051% to 4/15/21⁽⁷⁾⁽⁹⁾		250		250,138

			$	556,884

Casino & Gaming — 0.3%
Cinemark USA, Inc., 4.875%, 6/1/23		270	$	260,044
Peninsula Pacific Entertainment, LLC/Peninsula Pacific Entertainment Finance, Inc., 8.50%, 11/15/27⁽³⁾		128		137,556
Speedway Motorsports, LLC/Speedway Funding II, Inc., 4.875%, 11/1/27⁽³⁾		156		154,830
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26⁽³⁾		287		301,529

			$	853,959

Chemicals — 0.6%
INEOS Quattro Finance 1 PLC, 3.75%, 7/15/26⁽⁸⁾	EUR	202	$	248,917
INEOS Quattro Finance 2 PLC, 2.50%, 1/15/26⁽⁸⁾	EUR	232		282,015
Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.75%, 4/30/26⁽³⁾		310		320,429
SPCM S.A., 4.875%, 9/15/25⁽³⁾		200		206,250
Valvoline, Inc., 3.625%, 6/15/31⁽³⁾		128		128,640
Valvoline, Inc., 4.25%, 2/15/30⁽³⁾		140		146,510
W.R. Grace & Co., 4.875%, 6/15/27⁽³⁾		245		257,236

			$	1,589,997


Security	Principal Amount* (000’s omitted)		Value
Commercial Services & Supplies — 1.8%
AMN Healthcare, Inc., 4.00%, 4/15/29⁽³⁾		167	$	170,966
AMN Healthcare, Inc., 4.625%, 10/1/27⁽³⁾		76		79,088
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.25%, 3/15/25⁽³⁾		105		105,197
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.75%, 7/15/27⁽³⁾		89		90,094
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.75%, 7/15/27⁽³⁾		110		112,063
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 6.375%, 4/1/24⁽³⁾		35		35,503
Clean Harbors, Inc., 4.875%, 7/15/27⁽³⁾		101		106,511
Clean Harbors, Inc., 5.125%, 7/15/29⁽³⁾		61		66,364
Covanta Holding Corp., 5.875%, 7/1/25		95		98,909
Gartner, Inc., 3.75%, 10/1/30⁽³⁾		107		110,142
Gartner, Inc., 4.50%, 7/1/28⁽³⁾		151		159,448
GFL Environmental, Inc., 3.50%, 9/1/28⁽³⁾		240		236,477
GFL Environmental, Inc., 3.75%, 8/1/25⁽³⁾		130		132,844
GFL Environmental, Inc., 8.50%, 5/1/27⁽³⁾		313		346,647
Jaguar Holding Co. II/PPD Development, L.P., 4.625%, 6/15/25⁽³⁾		196		205,874
Korn Ferry, 4.625%, 12/15/27⁽³⁾		64		67,536
MPH Acquisition Holdings, LLC, 5.75%, 11/1/28⁽³⁾		671		665,967
Nielsen Finance, LLC/Nielsen Finance Co., 5.875%, 10/1/30⁽³⁾		73		81,234
ServiceMaster Co., LLC (The), 7.45%, 8/15/27		550		646,833
Team Health Holdings, Inc., 6.375%, 2/1/25⁽³⁾		266		240,730
Tervita Corp., 11.00%, 12/1/25⁽³⁾		171		186,390
TMS International Holding Corp., 7.25%, 8/15/25⁽³⁾		80		81,600
Verisure Midholding AB, 5.25%, 2/15/29⁽⁸⁾	EUR	775		963,961

			$	4,990,378

Construction Materials — 0.1%
SRM Escrow Issuer, LLC, 6.00%, 11/1/28⁽³⁾		275	$	289,486

			$	289,486

Consumer Finance — 0.3%
CPUK Finance, Ltd., 4.875%, 2/28/47⁽⁸⁾	GBP	278	$	378,433
PRA Group, Inc., 7.375%, 9/1/25⁽³⁾		226		242,809
William Carter Co. (The), 5.50%, 5/15/25⁽³⁾		56		59,605
William Carter Co. (The), 5.625%, 3/15/27⁽³⁾		144		152,370

			$	833,217

Containers & Packaging — 0.6%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 2.125%, 8/15/26⁽⁸⁾	EUR	410	$	500,094
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.125%, 8/15/26⁽³⁾		253		261,222
Silgan Holdings, Inc., 2.25%, 6/1/28	EUR	565		696,058
Trivium Packaging Finance B.V., 3.75%, 8/15/26⁽⁸⁾	EUR	230		285,918

			$	1,743,292

Cosmetics/Personal Care — 0.1%
Edgewell Personal Care Co., 5.50%, 6/1/28⁽³⁾		180	$	192,801

			$	192,801

Distributors — 0.5%
Parts Europe S.A., 4.375%, (3 mo. EURIBOR + 4.375%), 5/1/22^(8)(11)	EUR	455	$	550,153
Parts Europe S.A., 6.50%, 7/16/25⁽⁸⁾	EUR	400		506,559
Performance Food Group, Inc., 5.50%, 10/15/27⁽³⁾		169		178,182
Travis Perkins PLC, 3.75%, 2/17/26⁽⁸⁾	GBP	159		229,796
Univar Solutions USA, Inc., 5.125%, 12/1/27⁽³⁾		65		68,360

			$	1,533,050


Security	Principal Amount* (000’s omitted)		Value
Diversified Consumer Services — 0.3%
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26⁽⁸⁾		750	$	787,301

			$	787,301

Diversified Financial Services — 1.1%
Alliance Data Systems Corp., 4.75%, 12/15/24⁽³⁾		194	$	197,274
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 6.625%, 7/15/26⁽³⁾		226		242,374
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 9.75%, 7/15/27⁽³⁾		149		162,410
Alpha Holding S.A. de CV, 9.00%, 2/10/25⁽³⁾		200		140,000
Cabot Financial Luxembourg S.A., 7.50%, 10/1/23⁽⁸⁾	GBP	71		98,735
Discover Financial Services, Series D, 6.125% to 6/23/25⁽⁷⁾⁽⁹⁾		101		114,117
Encore Capital Group, Inc., 4.25%, (3 mo. EURIBOR + 4.25%), 1/15/28^(8)(11)	EUR	479		588,091
Encore Capital Group, Inc., 5.375%, 2/15/26⁽⁸⁾	GBP	180		252,794
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 5.25%, 5/15/27		292		307,336
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 5/15/26		291		308,148
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.375%, 12/15/25		120		124,050
Louvre Bidco S.A.S., 6.50%, 9/30/24⁽⁸⁾	EUR	310		388,911
NFP Corp., 6.875%, 8/15/28⁽³⁾		313		329,401

			$	3,253,641

Diversified Telecommunication Services — 0.2%
Level 3 Financing, Inc., 5.25%, 3/15/26		90	$	92,920
Lorca Telecom Bondco S.A.U., 4.00%, 9/18/27⁽⁸⁾	EUR	400		512,822

			$	605,742

Electric Utilities — 1.0%
Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26⁽³⁾		353	$	372,565
FirstEnergy Corp., Series B, 4.40%, 7/15/27		147		160,772
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, 5/1/79⁽⁷⁾		155		183,521
NextEra Energy Operating Partners, L.P., 4.25%, 9/15/24⁽³⁾		9		9,623
NextEra Energy Operating Partners, L.P., 4.50%, 9/15/27⁽³⁾		150		166,875
NRG Energy, Inc., 3.375%, 2/15/29⁽³⁾		106		108,626
NRG Energy, Inc., 3.625%, 2/15/31⁽³⁾		177		184,412
NRG Energy, Inc., 5.25%, 6/15/29⁽³⁾		122		134,483
Pattern Energy Operations, L.P./Pattern Energy Operations, Inc., 4.50%, 8/15/28⁽³⁾		173		183,289
Pike Corp., 5.50%, 9/1/28⁽³⁾		145		150,075
Sempra Energy, 4.875% to 10/15/25⁽⁷⁾⁽⁹⁾		235		253,730
Southern California Edison Co., Series E, 6.25% to 2/1/22⁽⁷⁾⁽⁹⁾		101		103,287
Southern Co. (The), Series B, 4.00% to 10/15/25, 1/15/51⁽⁷⁾		56		59,256
Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57⁽⁷⁾		192		198,658
TerraForm Power Operating, LLC, 4.25%, 1/31/23⁽³⁾		95		97,985
TerraForm Power Operating, LLC, 5.00%, 1/31/28⁽³⁾		237		263,514
Vistra Operations Co., LLC, 5.00%, 7/31/27⁽³⁾		232		244,458

			$	2,875,129


Security	Principal Amount* (000’s omitted)		Value
Electronic Equipment, Instruments & Components — 0.1%
WESCO Distribution, Inc., 7.25%, 6/15/28⁽³⁾		153	$	172,090

			$	172,090

Entertainment — 1.4%
AMC Entertainment Holdings, Inc., 10.50%, 4/15/25⁽³⁾		238	$	243,950
Banijay Group S.A.S., 6.50%, 3/1/26⁽⁸⁾	EUR	449		536,710
Caesars Entertainment, Inc., 6.25%, 7/1/25⁽³⁾		417		440,006
Caesars Entertainment, Inc., 8.125%, 7/1/27⁽³⁾		343		376,890
CPUK Finance, Ltd., 4.25%, 2/28/47⁽⁸⁾	GBP	87		119,261
Go Daddy Operating Co., LLC/GD Finance Co., Inc., 5.25%, 12/1/27⁽³⁾		226		238,523
Lions Gate Capital Holdings, LLC, 5.875%, 11/1/24⁽³⁾		171		175,151
Live Nation Entertainment, Inc., 3.75%, 1/15/28⁽³⁾		69		69,748
Netflix, Inc., 3.00%, 6/15/25⁽⁸⁾	EUR	370		491,829
Netflix, Inc., 4.875%, 6/15/30⁽³⁾		300		365,062
Netflix, Inc., 5.875%, 11/15/28		300		376,875
Pinewood Finance Co., Ltd., 3.25%, 9/30/25⁽⁸⁾	GBP	300		420,725
Powdr Corp., 6.00%, 8/1/25⁽³⁾		170		178,713

			$	4,033,443

Equity Real Estate Investment Trusts (REITs) — 0.2%
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 4.50%, 9/1/26		100	$	106,461
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24		200		214,932
SBA Communications Corp., 4.00%, 10/1/22		150		151,841

			$	473,234

Food Products — 0.9%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 5.875%, 2/15/28⁽³⁾		181	$	195,518
Chobani, LLC/Chobani Finance Corp., Inc., 4.625%, 11/15/28⁽³⁾		70		71,575
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30⁽³⁾		191		217,232
Kraft Heinz Foods Co., 3.875%, 5/15/27		203		222,488
Kraft Heinz Foods Co., 4.25%, 3/1/31		203		228,822
Kraft Heinz Foods Co., 4.375%, 6/1/46		540		575,921
Kraft Heinz Foods Co., 4.625%, 10/1/39		68		74,161
Kraft Heinz Foods Co., 5.50%, 6/1/50		203		250,414
Land O’ Lakes, Inc., 8.00%⁽³⁾⁽⁹⁾		415		437,825
Post Holdings, Inc., 5.00%, 8/15/26⁽³⁾		85		87,827
United Natural Foods, Inc., 6.75%, 10/15/28⁽³⁾		59		62,466
US Foods, Inc., 4.75%, 2/15/29^(3)(10)		228		228,855

			$	2,653,104

Gas Utilities — 0.1%
NiSource, Inc., 5.65% to 6/15/23⁽⁷⁾⁽⁹⁾		280	$	288,750

			$	288,750

Health Care Equipment & Supplies — 1.1%
Centene Corp., 3.00%, 10/15/30		377	$	394,794
Centene Corp., 3.375%, 2/15/30		422		442,705
Centene Corp., 4.625%, 12/15/29		319		354,090
Centene Corp., 4.75%, 1/15/25		150		154,080


Security	Principal Amount* (000’s omitted)		Value
Centene Corp., 5.375%, 8/15/26⁽³⁾		102	$	107,228
CHS/Community Health Systems, Inc., 4.75%, 2/15/31^(3)(10)		134		134,168
CHS/Community Health Systems, Inc., 5.625%, 3/15/27⁽³⁾		140		147,175
CHS/Community Health Systems, Inc., 6.00%, 1/15/29⁽³⁾		126		134,033
CHS/Community Health Systems, Inc., 6.875%, 4/15/29^(3)(10)		156		158,047
CHS/Community Health Systems, Inc., 8.125%, 6/30/24⁽³⁾		57		59,993
Compass Minerals International, Inc., 6.75%, 12/1/27⁽³⁾		182		195,503
Lifepoint Health, Inc., 5.375%, 1/15/29⁽³⁾		400		403,500
Molina Healthcare, Inc., 3.875%, 11/15/30⁽³⁾		209		223,891
Varex Imaging Corp., 7.875%, 10/15/27⁽³⁾		271		290,647

			$	3,199,854

Health Care Providers & Services — 1.1%
Encompass Health Corp., 4.50%, 2/1/28		81	$	84,478
Encompass Health Corp., 4.625%, 4/1/31		127		135,096
Encompass Health Corp., 4.75%, 2/1/30		191		205,761
HCA, Inc., 5.375%, 9/1/26		270		308,081
HCA, Inc., 5.625%, 9/1/28		330		387,072
Legacy LifePoint Health, LLC, 4.375%, 2/15/27⁽³⁾		248		253,270
Legacy LifePoint Health, LLC, 6.75%, 4/15/25⁽³⁾		130		139,100
ModivCare, Inc., 5.875%, 11/15/25⁽³⁾		182		193,261
Molina Healthcare, Inc., 4.375%, 6/15/28⁽³⁾		139		144,973
Prime Healthcare Services, Inc., 7.25%, 11/1/25⁽³⁾		234		251,258
Synlab Bondco PLC, 4.75%, (3 mo. EURIBOR + 4.75%), 7/1/25^(8)(11)	EUR	230		283,902
Tenet Healthcare Corp., 4.625%, 9/1/24⁽³⁾		49		50,332
Tenet Healthcare Corp., 4.875%, 1/1/26⁽³⁾		290		302,867
Tenet Healthcare Corp., 5.125%, 11/1/27⁽³⁾		290		306,344
Tenet Healthcare Corp., 6.125%, 10/1/28⁽³⁾		45		47,086
Tenet Healthcare Corp., 6.75%, 6/15/23		71		77,106

			$	3,169,987

Healthcare-Products — 0.3%
Avantor Funding, Inc., 2.625%, 11/1/25⁽⁸⁾	EUR	647	$	803,801

			$	803,801

Hotels, Restaurants & Leisure — 0.9%
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 3.875%, 1/15/28⁽³⁾		119	$	120,940
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.375%, 1/15/28⁽³⁾		182		185,948
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.75%, 4/15/25⁽³⁾		66		70,434
Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25⁽³⁾		232		231,169
Gateway Casinos & Entertainment, Ltd., 8.25%, 3/1/24⁽³⁾		536		498,424
Golden Nugget, Inc., 6.75%, 10/15/24⁽³⁾		266		266,944
Lithia Motors, Inc., 4.625%, 12/15/27⁽³⁾		91		96,176
MGM Resorts International, 4.75%, 10/15/28		264		275,537
Viking Cruises, Ltd., 5.875%, 9/15/27⁽³⁾		700		671,562
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27⁽³⁾		86		87,417

			$	2,504,551

Household Durables — 0.1%
MDC Holdings, Inc., 6.00%, 1/15/43		115	$	156,041

			$	156,041


Security	Principal Amount* (000’s omitted)		Value
Household Products — 0.0%⁽⁵⁾
Spectrum Brands, Inc., 5.00%, 10/1/29⁽³⁾		73	$	77,439

			$	77,439

Independent Power and Renewable Electricity Producers — 0.3%
Calpine Corp., 5.125%, 3/15/28⁽³⁾		273	$	282,942
Calpine Corp., 5.25%, 6/1/26⁽³⁾		101		104,341
NRG Energy, Inc., 5.75%, 1/15/28		210		228,711
NRG Energy, Inc., 7.25%, 5/15/26		271		284,547

			$	900,541

Industrial Conglomerates — 0.4%
Abertis Infraestructuras Finance B.V., 3.248% to 11/24/25^(7)(8)(9)	EUR	400	$	498,573
Brundage-Bone Concrete Pumping Holdings, Inc., 6.00%, 2/1/26⁽³⁾		165		168,197
Ellaktor Value PLC, 6.375%, 12/15/24⁽⁸⁾		435	$	491,005

			$	1,157,775

Insurance — 1.1%
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27⁽³⁾		528	$	559,252
AmWINS Group, Inc., 7.75%, 7/1/26⁽³⁾		272		292,520
AssuredPartners, Inc., 5.625%, 1/15/29⁽³⁾		74		75,202
Galaxy Finco, Ltd., 9.25%, 7/31/27⁽⁸⁾	GBP	825		1,189,719
GTCR AP Finance, Inc., 8.00%, 5/15/27⁽³⁾		195		210,600
Hub International, Ltd., 7.00%, 5/1/26⁽³⁾		440		456,942
QBE Insurance Group, Ltd., 5.875% to 5/12/25^(3)(7)(9)		222		241,958

			$	3,026,193

Interactive Media & Services — 0.1%
Adevinta ASA, 2.625%, 11/15/25⁽⁸⁾	EUR	180	$	223,026

			$	223,026

Internet — 0.2%
Arches Buyer, Inc., 6.125%, 12/1/28⁽³⁾		144	$	147,870
Endurance Acquisition Merger Sub, 6.00%, 2/15/29^(3)(10)		208		204,880
United Group B.V., 4.00%, 11/15/27⁽⁸⁾	EUR	125		150,718

			$	503,468

Internet & Direct Marketing Retail — 0.3%
Cars.com, Inc., 6.375%, 11/1/28⁽³⁾		185	$	196,100
eDreams ODIGEO S.A., 5.50%, 9/1/23⁽⁸⁾	EUR	497		565,854
Expedia Group, Inc., 6.25%, 5/1/25⁽³⁾		84		97,172
Expedia Group, Inc., 7.00%, 5/1/25⁽³⁾		42		46,027

			$	905,153

Leisure Products — 0.9%
Carnival Corp., 7.625%, 3/1/26⁽⁸⁾	EUR	390	$	499,350
Carnival Corp., 7.625%, 3/1/26⁽³⁾		87		92,166
Carnival PLC, 1.00%, 10/28/29	EUR	350		306,037
Explorer II AS, 3.375%, 2/24/25	EUR	465		499,406
Life Time, Inc., 5.75%, 1/15/26⁽³⁾		165		166,980
Life Time, Inc., 8.00%, 4/15/26^(3)(10)		115		115,431


Security	Principal Amount* (000’s omitted)		Value
NCL Corp, Ltd., 3.625%, 12/15/24⁽³⁾		189	$	167,619
NCL Corp, Ltd., 5.875%, 3/15/26⁽³⁾		106		105,073
NCL Corp, Ltd., 10.25%, 2/1/26⁽³⁾		155		180,188
Royal Caribbean Cruises, Ltd., 3.70%, 3/15/28		111		97,056
Royal Caribbean Cruises, Ltd., 7.50%, 10/15/27		49		53,012
Sabre GLBL, Inc., 9.25%, 4/15/25⁽³⁾		86		102,142
Viking Cruises, Ltd., 7.00%, 2/15/29^(3)(10)		104		103,870
Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29^(3)(10)		66		65,835

			$	2,554,165

Machinery — 0.2%
Colfax Corp., 6.00%, 2/15/24⁽³⁾		83	$	85,905
Colfax Corp., 6.375%, 2/15/26⁽³⁾		136		145,931
Sofima Holding SpA, 3.75%, 1/15/28⁽⁸⁾	EUR	381		465,102

			$	696,938

Media — 3.3%
Altice France S.A., 7.375%, 5/1/26⁽³⁾		455	$	476,476
Altice France S.A., 8.125%, 2/1/27⁽³⁾		458		505,469
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.25%, 2/1/31⁽³⁾		286		293,422
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 8/15/30⁽³⁾		290		305,769
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 5/1/32⁽³⁾		136		141,640
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30⁽³⁾		322		342,920
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 6/1/29⁽³⁾		110		119,455
Clear Channel Worldwide Holdings, Inc., 9.25%, 2/15/24		246		256,353
CSC Holdings, LLC, 3.375%, 2/15/31⁽³⁾		200		195,420
CSC Holdings, LLC, 4.625%, 12/1/30⁽³⁾		200		204,277
CSC Holdings, LLC, 5.75%, 1/15/30⁽³⁾		616		662,015
CSC Holdings, LLC, 7.50%, 4/1/28⁽³⁾		200		222,027
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26⁽³⁾		369		298,429
iHeartCommunications, Inc., 8.375%, 5/1/27		140		149,050
National CineMedia, LLC, 5.875%, 4/15/28⁽³⁾		237		214,485
Outfront Media Capital, LLC/Outfront Media Capital Corp., 4.625%, 3/15/30⁽³⁾		20		19,975
Outfront Media Capital, LLC/Outfront Media Capital Corp., 6.25%, 6/15/25⁽³⁾		137		145,306
Scripps Escrow II, Inc., 5.375%, 1/15/31⁽³⁾		121		122,437
Sirius XM Radio, Inc., 4.625%, 7/15/24⁽³⁾		291		301,246
Sirius XM Radio, Inc., 5.00%, 8/1/27⁽³⁾		218		229,445
Summer (BC) Holdco A S.a.r.l., 9.25%, 10/31/27⁽⁸⁾	EUR	496		642,005
Summer (BC) Holdco B S.a.r.l., 5.75%, 10/31/26⁽⁸⁾	EUR	400		507,919
TEGNA, Inc., 4.75%, 3/15/26⁽³⁾		72		76,410
TEGNA, Inc., 5.00%, 9/15/29		137		142,692
Tele Columbus AG, 3.875%, 5/2/25⁽⁸⁾	EUR	690		848,711
Terrier Media Buyer, Inc., 8.875%, 12/15/27⁽³⁾		473		512,318
Townsquare Media, Inc., 6.875%, 2/1/26⁽³⁾		181		187,222
UPCB Finance VII, Ltd., 3.625%, 6/15/29⁽⁸⁾	EUR	116		145,505
Urban One, Inc., 7.375%, 2/1/28⁽³⁾		306		309,553
Virgin Media Secured Finance PLC, 5.50%, 8/15/26⁽³⁾		210		219,581
Virgin Media Vendor Financing Notes III DAC, 4.875%, 7/15/28⁽⁸⁾	GBP	350		493,939

			$	9,291,471

Metals & Mining — 1.7%
Allegheny Ludlum, LLC, 6.95%, 12/15/25		559	$	608,553
Arconic Corp., 6.125%, 2/15/28⁽³⁾		436		468,395
Big River Steel, LLC/BRS Finance Corp., 6.625%, 1/31/29⁽³⁾		233		250,675


Security	Principal Amount* (000’s omitted)		Value
Bombardier, Inc., 6.125%, 1/15/23⁽³⁾		270	$	271,404
Bombardier, Inc., 7.875%, 4/15/27⁽³⁾		107		98,943
BWX Technologies, Inc., 4.125%, 6/30/28⁽³⁾		159		166,652
Centennial Resource Production, LLC, 5.375%, 1/15/26⁽³⁾		320		269,400
Cleveland-Cliffs, Inc., 6.75%, 3/15/26⁽³⁾		360		387,824
Cleveland-Cliffs, Inc., 9.875%, 10/17/25⁽³⁾		78		91,816
Eldorado Gold Corp., 9.50%, 6/1/24⁽³⁾		77		85,943
Freeport-McMoRan, Inc., 4.55%, 11/14/24		75		82,381
Freeport-McMoRan, Inc., 5.45%, 3/15/43		297		371,802
Hudbay Minerals, Inc., 6.125%, 4/1/29⁽³⁾		151		160,438
Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24⁽³⁾		709		755,525
Joseph T. Ryerson & Son, Inc., 8.50%, 8/1/28⁽³⁾		171		193,200
New Gold, Inc., 6.375%, 5/15/25⁽³⁾		38		39,401
New Gold, Inc., 7.50%, 7/15/27⁽³⁾		271		293,584
Novelis Corp., 5.875%, 9/30/26⁽³⁾		180		188,775

			$	4,784,711

Multi-Utilities — 0.2%
Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23⁽⁷⁾⁽⁹⁾		425	$	446,777

			$	446,777

Oil and Gas — 0.0%⁽⁵⁾
TechnipFMC PLC, 6.50%, 2/1/26⁽³⁾		134	$	139,705

			$	139,705

Oil, Gas & Consumable Fuels — 2.9%
Aethon United BR, L.P./Aethon United Finance Corp., 8.25%, 2/15/26^(3)(10)		90	$	92,250
Apache Corp., 4.25%, 1/15/30		265		262,184
Apache Corp., 4.375%, 10/15/28		132		131,622
Apache Corp., 4.625%, 11/15/25		100		102,625
Apache Corp., 4.875%, 11/15/27		125		128,625
Archrock Partners, L.P./Archrock Partners Finance Corp., 6.25%, 4/1/28⁽³⁾		135		138,122
Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 7.00%, 11/1/26⁽³⁾		209		199,987
Cenovus Energy, Inc., 6.75%, 11/15/39		17		22,046
CNX Resources Corp., 6.00%, 1/15/29⁽³⁾		152		157,369
Colgate Energy Partners III, LLC, 7.75%, 2/15/26⁽³⁾		215		205,863
Continental Resources, Inc., 4.375%, 1/15/28		206		210,334
Continental Resources, Inc., 4.90%, 6/1/44		8		7,745
Continental Resources, Inc., 5.75%, 1/15/31⁽³⁾		233		252,572
CrownRock, L.P./CrownRock Finance, Inc., 5.625%, 10/15/25⁽³⁾		370		368,897
CVR Energy, Inc., 5.75%, 2/15/28⁽³⁾		264		259,624
DCP Midstream, L.P., Series A, 7.375% to 12/15/22⁽⁷⁾⁽⁹⁾		160		136,200
Double Eagle III Midco 1, LLC/Double Eagle Finance Corp., 7.75%, 12/15/25⁽³⁾		177		183,527
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.50%, 1/30/26⁽³⁾		155		160,813
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.75%, 1/30/28⁽³⁾		40		42,460
EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22⁽⁷⁾⁽⁹⁾		432		238,680
EQT Corp., 5.00%, 1/15/29		53		57,770
EQT Corp., 7.875%, 2/1/25		69		81,409
EQT Corp., 8.75%, 2/1/30		102		130,200
Gran Tierra Energy, Inc., 7.75%, 5/23/27⁽³⁾		250		174,378
Great Western Petroleum, LLC/Great Western Finance Corp., 9.00%, 9/30/21⁽³⁾		418		266,475
Hilcorp Energy I, L.P./Hilcorp Finance Co., 5.75%, 2/1/29⁽³⁾		109		111,038
Hilcorp Energy I, L.P./Hilcorp Finance Co., 6.00%, 2/1/31⁽³⁾		87		88,468
Laredo Petroleum, Inc., 9.50%, 1/15/25		74		63,570
Laredo Petroleum, Inc., 10.125%, 1/15/28		112		97,664


Security	Principal Amount* (000’s omitted)		Value
Matador Resources Co., 5.875%, 9/15/26		370	$	353,812
MEG Energy Corp., 5.875%, 2/1/29^(3)(10)		111		110,445
MEG Energy Corp., 7.125%, 2/1/27⁽³⁾		262		271,006
Murphy Oil USA, Inc., 4.75%, 9/15/29		131		140,506
Murphy Oil USA, Inc., 5.625%, 5/1/27		65		69,798
Nabors Industries, Ltd., 7.25%, 1/15/26⁽³⁾		110		89,367
Nabors Industries, Ltd., 7.50%, 1/15/28⁽³⁾		118		92,261
Nine Energy Service, Inc., 8.75%, 11/1/23⁽³⁾		92		38,353
Occidental Petroleum Corp., 2.90%, 8/15/24		16		15,500
Occidental Petroleum Corp., 3.40%, 4/15/26		76		73,506
Occidental Petroleum Corp., 3.45%, 7/15/24		42		40,425
Occidental Petroleum Corp., 3.50%, 8/15/29		101		93,841
Occidental Petroleum Corp., 4.20%, 3/15/48		156		131,235
Occidental Petroleum Corp., 4.40%, 8/15/49		125		106,484
Occidental Petroleum Corp., 4.625%, 6/15/45		84		73,449
Occidental Petroleum Corp., 6.125%, 1/1/31		193		210,312
Occidental Petroleum Corp., 6.20%, 3/15/40		81		84,443
Occidental Petroleum Corp., 6.375%, 9/1/28		93		101,544
Occidental Petroleum Corp., 6.625%, 9/1/30		254		286,131
Odebrecht Oil & Gas Finance, Ltd., 0.00%⁽³⁾⁽⁹⁾		862		7,110
Ovintiv Exploration, Inc., 5.375%, 1/1/26		110		120,278
Ovintiv Exploration, Inc., 5.625%, 7/1/24		39		42,475
Ovintiv, Inc., 6.50%, 2/1/38		7		8,351
Ovintiv, Inc., 8.125%, 9/15/30		40		52,588
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22⁽⁷⁾⁽⁹⁾		792		659,182
Precision Drilling Corp., 5.25%, 11/15/24		50		46,156
Precision Drilling Corp., 7.125%, 1/15/26⁽³⁾		75		72,938
Precision Drilling Corp., 7.75%, 12/15/23		33		32,938
Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25⁽³⁾		440		240,625
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 5.875%, 4/15/26		155		162,655
Transocean Pontus, Ltd., 6.125%, 8/1/25⁽³⁾		94		86,756
Transocean Poseidon, Ltd., 6.875%, 2/1/27⁽³⁾		65		58,622

			$	8,345,609

Pharmaceuticals — 1.2%
AdaptHealth, LLC, 4.625%, 8/1/29⁽³⁾		103	$	105,332
AdaptHealth, LLC, 6.125%, 8/1/28⁽³⁾		110		118,525
Bausch Health Americas, Inc., 8.50%, 1/31/27⁽³⁾		448		496,794
Bausch Health Americas, Inc., 9.25%, 4/1/26⁽³⁾		105		116,676
Bausch Health Cos., Inc., 5.00%, 1/30/28⁽³⁾		190		195,994
Bausch Health Cos., Inc., 5.00%, 2/15/29⁽³⁾		60		61,532
Bausch Health Cos., Inc., 5.25%, 2/15/31⁽³⁾		71		73,155
Bausch Health Cos., Inc., 5.50%, 11/1/25⁽³⁾		129		132,960
Bausch Health Cos., Inc., 6.125%, 4/15/25⁽³⁾		60		61,534
Bausch Health Cos., Inc., 6.25%, 2/15/29⁽³⁾		255		273,875
Bausch Health Cos., Inc., 7.25%, 5/30/29⁽³⁾		98		109,313
Bausch Health Cos., Inc., 9.00%, 12/15/25⁽³⁾		245		269,396
Cheplapharm Arzneimittel GmbH, 4.375%, 1/15/28⁽⁸⁾	EUR	350		435,488
Grifols S.A., 2.25%, 11/15/27⁽⁸⁾	EUR	410		505,571
Herbalife Nutrition, Ltd./HLF Financing, Inc., 7.875%, 9/1/25⁽³⁾		198		216,067
Nidda Healthcare Holding GmbH, 3.50%, 9/30/24⁽⁸⁾	EUR	311		379,281

			$	3,551,493


Security	Principal Amount* (000’s omitted)		Value
Pipelines — 0.9%
Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27⁽³⁾		327	$	326,734
Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 7.875%, 5/15/26⁽³⁾		139		149,008
Cheniere Energy Partners, L.P., 4.50%, 10/1/29		199		214,222
Cheniere Energy, Inc., 4.625%, 10/15/28⁽³⁾		183		191,693
Crestwood Midstream Partners, L.P./Crestwood Midstream Finance Corp., 5.625%, 5/1/27⁽³⁾		190		183,278
Energy Transfer Operating, L.P., 5.875%, 1/15/24		15		16,831
Energy Transfer Operating, L.P., Series A, 6.25% to 2/15/23⁽⁷⁾⁽⁹⁾		110		89,375
Energy Transfer Operating, L.P., Series B, 6.625% to 2/15/28⁽⁷⁾⁽⁹⁾		188		161,445
EnLink Midstream, LLC, 5.375%, 6/1/29		117		111,954
EnLink Midstream, LLC, 5.625%, 1/15/28⁽³⁾		49		49,000
EQM Midstream Partners, L.P., 4.50%, 1/15/29⁽³⁾		137		132,492
EQM Midstream Partners, L.P., 4.75%, 1/15/31⁽³⁾		137		132,428
EQM Midstream Partners, L.P., 6.00%, 7/1/25⁽³⁾		116		121,489
EQM Midstream Partners, L.P., 6.50%, 7/1/27⁽³⁾		116		124,376
Five Point Operating Co., L.P./Five Point Capital Corp., 7.875%, 11/15/25⁽³⁾		123		130,059
Genesis Energy, L.P./Genesis Energy Finance Corp., 8.00%, 1/15/27		157		149,492
NGPL PipeCo, LLC, 4.375%, 8/15/22⁽³⁾		50		52,342
Western Midstream Operating, L.P., 4.50%, 3/1/28		27		28,080
Western Midstream Operating, L.P., 4.75%, 8/15/28		24		25,440
Western Midstream Operating, L.P., 5.05%, 2/1/30		207		227,976

			$	2,617,714

Real Estate Investment Trusts (REITs) — 1.1%
ADLER Group S.A., 3.25%, 8/5/25⁽⁸⁾	EUR	500	$	630,448
Brookfield Property REIT, Inc./BPR Cumulus, LLC/BPR Nimbus, LLC/GGSI Sellco, LLC, 5.75%, 5/15/26⁽³⁾		287		298,410
Consus Real Estate AG, 9.625%, 5/15/24⁽⁸⁾	EUR	100		129,971
Greystar Real Estate Partners, LLC, 5.75%, 12/1/25⁽³⁾		333		344,655
HAT Holdings I, LLC/HAT Holdings II, LLC, 3.75%, 9/15/30⁽³⁾		151		152,699
HAT Holdings I, LLC/HAT Holdings II, LLC, 6.00%, 4/15/25⁽³⁾		127		135,096
IRB Holding Corp., 6.75%, 2/15/26⁽³⁾		70		72,220
Service Properties Trust, 3.95%, 1/15/28		253		230,704
Service Properties Trust, 4.95%, 10/1/29		23		21,798
Service Properties Trust, 5.50%, 12/15/27		49		52,389
Service Properties Trust, 7.50%, 9/15/25		167		188,106
Uniti Group, L.P./Uniti Group Finance, Inc./CSL Capital, LLC, 6.50%, 2/15/29^(3)(10)		173		173,324
VICI Properties, L.P./VICI Note Co., Inc., 3.75%, 2/15/27⁽³⁾		93		94,671
VICI Properties, L.P./VICI Note Co., Inc., 4.125%, 8/15/30⁽³⁾		198		206,292
VICI Properties, L.P./VICI Note Co., Inc., 4.25%, 12/1/26⁽³⁾		300		310,778

			$	3,041,561

Real Estate Management & Development — 0.1%
AT Securities B.V., 5.25% to 7/21/23^(7)(8)(9)		250	$	261,738

			$	261,738

Semiconductors & Semiconductor Equipment — 0.1%
ON Semiconductor Corp., 3.875%, 9/1/28⁽³⁾		258	$	267,675

			$	267,675


Security	Principal Amount* (000’s omitted)		Value
Software — 0.2%
Black Knight InfoServ, LLC, 3.625%, 9/1/28⁽³⁾		126	$	127,663
CDK Global, Inc., 5.25%, 5/15/29⁽³⁾		96		104,136
Rackspace Technology Global, Inc., 5.375%, 12/1/28⁽³⁾		239		249,606
SS&C Technologies, Inc., 5.50%, 9/30/27⁽³⁾		95		100,725

			$	582,130

Specialty Retail — 1.1%
Academy, Ltd., 6.00%, 11/15/27⁽³⁾		154	$	162,663
Asbury Automotive Group, Inc., 4.50%, 3/1/28		53		54,590
Asbury Automotive Group, Inc., 4.75%, 3/1/30		70		73,707
Burlington Coat Factory Warehouse Corp., 6.25%, 4/15/25⁽³⁾		177		189,611
Dave & Buster’s, Inc., 7.625%, 11/1/25⁽³⁾		371		391,405
eG Global Finance PLC, 6.25%, 10/30/25⁽⁸⁾	EUR	350		436,826
Entegris, Inc., 4.375%, 4/15/28⁽³⁾		125		132,188
Entegris, Inc., 4.625%, 2/10/26⁽³⁾		77		79,839
Group 1 Automotive, Inc., 4.00%, 8/15/28⁽³⁾		145		148,219
IRB Holding Corp., 7.00%, 6/15/25⁽³⁾		77		83,764
Ken Garff Automotive, LLC, 4.875%, 9/15/28⁽³⁾		155		159,561
L Brands, Inc., 6.625%, 10/1/30⁽³⁾		144		161,467
L Brands, Inc., 6.75%, 7/1/36		80		91,550
L Brands, Inc., 6.875%, 7/1/25⁽³⁾		76		82,875
L Brands, Inc., 6.875%, 11/1/35		289		335,468
L Brands, Inc., 7.60%, 7/15/37		45		49,950
L Brands, Inc., 9.375%, 7/1/25⁽³⁾		53		65,521
Murphy Oil USA, Inc., 3.75%, 2/15/31⁽³⁾		51		51,128
White Cap Buyer, LLC, 6.875%, 10/15/28⁽³⁾		174		181,184
White Cap Parent, LLC, 8.25%, 3/15/26^(3)(10)(12)		108		109,485
Yum! Brands, Inc., 3.625%, 3/15/31		182		178,587
Yum! Brands, Inc., 7.75%, 4/1/25⁽³⁾		54		59,338

			$	3,278,926

Technology Hardware, Storage & Peripherals — 0.4%
Booz Allen Hamilton, Inc., 3.875%, 9/1/28⁽³⁾		223	$	230,068
Crowdstrike Holdings, Inc., 3.00%, 2/15/29		66		66,908
Dell International, LLC/EMC Corp., 6.02%, 6/15/26⁽³⁾		315		380,437
Presidio Holdings, Inc., 8.25%, 2/1/28⁽³⁾		321		357,714
Seagate HDD Cayman, 3.125%, 7/15/29⁽³⁾		139		134,924

			$	1,170,051

Telecommunications — 1.7%
Altice France Holding S.A., 10.50%, 5/15/27⁽³⁾		200	$	224,625
Connect Finco S.a.r.l./Connect US Finco, LLC, 6.75%, 10/1/26⁽³⁾		281		300,628
Hughes Satellite Systems Corp., 5.25%, 8/1/26		145		161,229
Hughes Satellite Systems Corp., 6.625%, 8/1/26		95		107,687
Level 3 Financing, Inc., 3.75%, 7/15/29⁽³⁾		67		67,494
LogMeIn, Inc., 5.50%, 9/1/27⁽³⁾		431		451,473
PLT VII Finance S.a.r.l., 4.625%, 1/5/26⁽⁸⁾	EUR	185		234,020
SoftBank Group Corp., 4.00%, 4/20/23⁽⁸⁾	EUR	100		127,089
Sprint Corp., 7.875%, 9/15/23		889		1,027,906
T-Mobile USA, Inc., 2.25%, 2/15/26		132		133,556
T-Mobile USA, Inc., 2.625%, 2/15/29		165		165,805
T-Mobile USA, Inc., 2.875%, 2/15/31		99		99,991


Security	Principal Amount* (000’s omitted)		Value
T-Mobile USA, Inc., 4.50%, 2/1/26		155	$	158,856
T-Mobile USA, Inc., 4.75%, 2/1/28		170		181,790
Telecom Italia Capital S.A., 6.00%, 9/30/34		337		404,189
Telecom Italia Finance S.A., 7.75%, 1/24/33	EUR	26		46,887
Telecom Italia SpA, 2.75%, 4/15/25⁽⁸⁾	EUR	140		179,215
ViaSat, Inc., 5.625%, 4/15/27⁽³⁾		143		150,597
Vmed O2 UK Financing I PLC, 3.25%, 1/31/31⁽⁸⁾	EUR	100		124,206
Vodafone Group PLC, 2.625% to 5/27/26, 8/27/80⁽⁷⁾⁽⁸⁾	EUR	220		274,850
Vodafone Group PLC, 4.875% to 7/3/25, 10/3/78⁽⁷⁾⁽⁸⁾	GBP	215		322,361

			$	4,944,454

Textiles, Apparel & Luxury Goods — 0.2%
Hanesbrands Finance Luxembourg SCA, 3.50%, 6/15/24⁽⁸⁾	EUR	400	$	512,706

			$	512,706

Transportation — 0.3%
Cargo Aircraft Management, Inc., 4.75%, 2/1/28⁽³⁾		127	$	132,318
CMA CGM S.A., 5.25%, 1/15/25⁽⁸⁾	EUR	127		154,648
Watco Cos., LLC/Watco Finance Corp., 6.50%, 6/15/27⁽³⁾		358		384,626
XPO Logistics, Inc., 6.125%, 9/1/23⁽³⁾		80		81,450

			$	753,042

Water Utilities — 0.2%
Anglian Water Osprey Financing PLC, 4.00%, 3/8/26⁽⁸⁾	GBP	475	$	661,667

			$	661,667

Wireless Telecommunication Services — 0.1%
Sprint Corp., 7.625%, 3/1/26		157	$	193,740

			$	193,740


Total Corporate Bonds & Notes (identified cost $104,351,080)			$	108,961,612


Senior Floating-Rate Loans — 1.7%⁽¹³⁾

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Air Transport — 0.0%⁽⁵⁾
Mileage Plus Holdings, LLC, Term Loan, Maturing 6/25/27⁽¹⁴⁾	$	25	$	26,908

			$	26,908

Automotive — 0.1%
Truck Hero, Inc., Term Loan, Maturing 1/31/28⁽¹⁴⁾	$	236	$	236,737

			$	236,737

Building and Development — 0.0%⁽⁵⁾
CP Atlas Buyer, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), Maturing 11/23/27	$	31	$	31,058
CP Atlas Buyer, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), Maturing 11/23/27		10		10,062

			$	41,120


Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Business Equipment and Services — 0.2%
AlixPartners, LLP, Term Loan, Maturing 2/4/28⁽¹⁴⁾	$	211	$	210,954
EIG Investors Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 2/9/23		386		386,590
Hillman Group, Inc. (The), Term Loan, 4.12%, (1 mo. USD LIBOR + 4.00%), Maturing 5/31/25		114		114,257

			$	711,801

Electronics/Electrical — 0.1%
Endure Digital, Inc., Term Loan, Maturing 1/27/28⁽¹⁴⁾	$	38	$	37,779
Endure Digital, Inc., Term Loan, Maturing 2/10/28⁽¹⁴⁾		158		158,000
Riverbed Technology, Inc., Term Loan - Second Lien, 12.00%, (3 mo. USD LIBOR + 11.00%, Floor 1.00%), 7.50% cash, 4.50% PIK, Maturing 12/31/26		280		228,381

			$	424,160

Financial Intermediaries — 0.1%
BellRing Brands, LLC, Term Loan, 6.00%, (1 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing 10/21/24	$	91	$	92,207
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (3 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25		162		165,184
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (3 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25		12		11,970

			$	269,361

Food Products — 0.1%
HLF Financing S.a.r.l., Term Loan, 2.87%, (1 mo. USD LIBOR + 2.75%), Maturing 8/18/25	$	288	$	289,315

			$	289,315

Food Service — 0.1%
IRB Holding Corp., Term Loan, Maturing 12/15/27⁽¹⁴⁾	$	242	$	243,613

			$	243,613

Insurance — 0.4%
Asurion, LLC, Term Loan, Maturing 7/31/27⁽¹⁴⁾	$	195	$	193,050
Asurion, LLC, Term Loan - Second Lien, 6.62%, (1 mo. USD LIBOR + 6.50%), Maturing 8/4/25		640		642,628
Asurion, LLC, Term Loan - Second Lien, Maturing 1/29/28⁽¹⁴⁾		340		340,000

			$	1,175,678

Leisure Goods/Activities/Movies — 0.2%
Playtika Holding Corp., Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing 12/10/24	$	551	$	554,887

			$	554,887

Lodging and Casinos — 0.1%
Playa Resorts Holding B.V., Term Loan, Maturing 4/29/24⁽¹⁴⁾	$	79	$	76,465
Stars Group Holdings B.V. (The), Term Loan, 3.75%, (3 mo. USD LIBOR + 3.50%), Maturing 7/10/25		86		86,883

			$	163,348


Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Publishing — 0.0%⁽⁵⁾
Nielsen Finance, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 6/4/25	$	69	$	70,148

			$	70,148

Retailers (Except Food and Drug) — 0.3%
PetSmart, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing 3/11/22	$	332	$	332,096
PetSmart, Inc., Term Loan, Maturing 2/12/28⁽¹⁴⁾		387		383,130

			$	715,226


Total Senior Floating-Rate Loans (identified cost $4,991,912)			$	4,922,302


Convertible Bonds— 0.1%

Security	Principal Amount (000’s omitted)		Value
Air Transportation— 0.1%
Air Transport Services Group, Inc., 1.125%, 10/15/24	$	169	$	178,863

			$	178,863

Leisure— 0.0%⁽⁵⁾
Royal Caribbean Cruises, Ltd., 4.25%, 6/15/23⁽³⁾	$	29	$	35,369

			$	35,369


Total Convertible Bonds (identified cost $183,528)			$	214,232


Exchange-Traded Funds— 0.2%

Security	Shares		Value
Equity Funds— 0.2%
iShares Preferred & Income Securities ETF		11,882	$	449,734


Total Exchange-Traded Funds (identified cost $409,731)			$	449,734


Convertible Preferred Stocks— 0.1%

Security	Shares		Value
Banks— 0.0%⁽⁵⁾
Wells Fargo & Co., Series L, 7.50%		77	$	111,188

			$	111,188

Health Care Equipment & Supplies— 0.1%
Becton Dickinson and Co., Series B, 6.00%		3,268	$	183,923

			$	183,923


Total Convertible Preferred Stocks (identified cost $281,600)			$	295,111


Warrants— 0.0%⁽⁵⁾
Media— 0.0%⁽⁵⁾
iHeartMedia, Inc., Exp. 5/1/39⁽¹⁾		3,627	$	52,737

			$	52,737


Total Warrants (identified cost $60,109)			$	52,737


Short-Term Investments— 0.4%

Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11%⁽¹⁵⁾		1,157,220	$	1,157,220


Total Short-Term Investments (identified cost $1,157,220)			$	1,157,220


Total Investments — 100.0% (identified cost $238,728,072)			$	284,530,513


Other Assets, Less Liabilities — (0.0)%⁽⁵⁾			$	(63,882	)


Net Assets — 100.0%			$	284,466,631

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

^*	In U.S. dollars unless otherwise indicated.

(1)	Non-income producing security.

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

(3)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2021, the aggregate value of these securities is $56,256,937 or 19.8% of the Portfolio’s net assets.

(4)	Security (or a portion thereof) has been pledged to cover margin requirements on open futures contracts.

(5)	Amount is less than 0.05%. or (0.05)%, as applicable.

(6)	Restricted security.

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

(8)

Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At January 31, 2021, the aggregate value of these securities is $24,665,373 or 8.7% of the Portfolio’s net assets.

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

(10)	When-issued security.

(11)	Variable rate security. The stated interest rate represents the rate in effect at January 31, 2021.

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

(13)

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

(14)	This Senior Loan will settle after January 31, 2021, at which time the interest rate will be determined.

(15)	Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2021.

Country Concentration of Portfolio


Country	Percentage of Total Investments			Value
United States		59.1	%	$	168,074,849
United Kingdom		7.6			21,653,422
France		5.9			16,822,238
Japan		4.8			13,713,828
Switzerland		4.0			11,386,524
Germany		3.7			10,488,066
Australia		1.9			5,506,994
Netherlands		1.8			5,127,080
Spain		1.7			4,746,802
Canada		1.6			4,467,348
Sweden		1.4			3,956,836
Luxembourg		1.2			3,532,239
Italy		0.9			2,727,906
Taiwan		0.9			2,485,449
Ireland		0.8			2,195,164
Denmark		0.6			1,754,106
China		0.4			1,293,423
India		0.4			1,102,970
United Arab Emirates		0.4			1,027,926
Norway		0.2			499,406
Panama		0.2			499,350
Greece		0.2			491,005
Mexico		0.1			360,300
Peru		0.1			160,438
Brazil		0.0	⁽¹⁾		7,110
Exchange-Traded Funds		0.1			449,734

Total Investments		100.0	%	$	284,530,513

(1)	Amount is less than 0.05%.

Forward Foreign Currency Exchange Contracts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
USD	232,385	EUR	195,170	State Street Bank and Trust Company		2/26/21	$	—	$	(4,587	)

							$	—	$	(4,587	)

Futures Contracts


Description	Number of Contracts		Position	Expiration Date		Notional Amount			Value/ Unrealized Appreciation (Depreciation)
Equity Futures
E-mini S&P 500 Index		20	Long		3/19/21	$	3,705,200		$	38,442
STOXX Europe 600 Banks Index		154	Short		3/19/21		(3,682,601	)		(23,650	)

									$	14,792

Abbreviations:


ADR	-	American Depositary Receipt

EURIBOR	-	Euro Interbank Offered Rate

LIBOR	-	London Interbank Offered Rate

PC	-	Participation Certificate

PIK	-	Payment In Kind

Currency Abbreviations:

EUR	-	Euro

GBP	-	British Pound Sterling

USD	-	United States Dollar

At January 31, 2021, the Portfolio had sufficient cash and/or securities to cover commitments under open derivative contracts.

In the normal course of pursuing its investment objective, the Portfolio is subject to the following risks:

Equity Price Risk: The Portfolio enters into equity futures contracts on securities indices to gain or limit exposure to certain markets, particularly in connection with engaging in the dividend capture trading strategy.

Foreign Exchange Risk: Because the Portfolio holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Portfolio enters into forward foreign currency exchange contracts.

Restricted Securities

At January 31, 2021, the Portfolio owned the following security (representing less than 0.1% of net assets) which was restricted as to public resale. The value of this security is determined based on valuations provided by brokers when available, or if not available, it is valued at fair value using methods determined in good faith by or at the direction of the Trustees.

Date of

Description

Acquisition

Shares

Cost

Value

Common Stocks

Extraction Oil & Gas, Inc.

1/28/21

425

6,287

11,821

Total Restricted Securities

6,287

11,821

At January 31, 2021, the value of the Portfolio’s investment in affiliated funds was $1,157,220, which represents 0.4% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended January 31, 2021 were as follows:


Name of affiliated fund	Value, beginning of period		Purchases		Sales proceeds			Net realized gain (loss)		Change in unrealized appreciation (depreciation)		Value, end of period		Dividend income		Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC	$	1,027,196	$	13,700,217	$	(13,570,193	)	$	—	$	—	$	1,157,220	$	162		1,157,220

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

•

Level 1 — quoted prices in active markets for identical investments

•

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

•

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

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

At January 31, 2021, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2			Level 3*		Total
Common Stocks
Communication Services	$	11,499,753		$	2,687,085		$	—	$	14,186,838
Consumer Discretionary		9,973,439			7,934,690			—		17,908,129
Consumer Staples		2,636,338			8,423,396			—		11,059,734
Energy		4,242,931			1,197,455			11,821		5,452,207
Financials		13,766,378			9,321,668			—		23,088,046
Health Care		10,023,233			12,939,540			—		22,962,773
Industrials		5,916,026			16,788,172			0		22,704,198
Information Technology		22,851,692			12,064,500			—		34,916,192
Materials		—			4,985,675			—		4,985,675
Real Estate		2,341,488			—			—		2,341,488
Utilities		2,256,807			3,045,882			—		5,302,689
Total Common Stocks	$	85,508,085		$	79,388,063	**	$	11,821	$	164,907,969
Preferred Stocks
Communication Services	$	94,639		$	—		$	—	$	94,639
Consumer Staples		—			517,520			—		517,520
Energy		425,999			—			—		425,999
Financials		995,052			121,814			—		1,116,866
Industrials		397,451			—			—		397,451
Real Estate		661,957			—			—		661,957
Utilities		266,669			88,495			—		355,164
Total Preferred Stocks	$	2,841,767		$	727,829		$	—	$	3,569,596
Corporate Bonds & Notes	$	—		$	108,961,612		$	—	$	108,961,612
Senior Floating-Rate Loans		—			4,922,302			—		4,922,302
Convertible Bonds		—			214,232			—		214,232
Exchange-Traded Funds		449,734			—			—		449,734
Convertible Preferred Stocks		295,111			—			—		295,111
Warrants		52,737			—			—		52,737
Short-Term Investments		—			1,157,220			—		1,157,220
Total Investments	$	89,147,434		$	195,371,258		$	11,821	$	284,530,513
Futures Contracts	$	38,442		$	—		$	—	$	38,442
Total	$	89,185,876		$	195,371,258		$	11,821	$	284,568,955

Liability Description
Forward Foreign Currency Exchange Contracts	$	—		$	(4,587	)	$	—	$	(4,587	)
Futures Contracts		(23,650	)		—			—		(23,650	)
Total	$	(23,650	)	$	(4,587	)	$	—	$	(28,237	)

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

**	Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended January 31, 2021 is not presented.

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

Global Income Builder Portfolio NPORT-PGlobal Income Builder Portfolio (Jan 2021 report)