Edgar Filing: ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND INC

AllianceBernstein Global High Income Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07732

ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: March 31, 2019

Date of reporting period: December 31, 2018

ITEM 1.

SCHEDULE OF INVESTMENTS.

AB Global High Income Fund

Portfolio of Investments

December 31, 2018 (unaudited)


	Principal Amount (000)		U.S. $ Value
CORPORATES - NON-INVESTMENT GRADE - 39.7%
Industrial - 31.3%
Basic - 3.5%
AK Steel Corp.
7.00%, 3/15/27 (a)	U.S.$	1,164	$	896,008
7.625%, 10/01/21		278		251,879
Alcoa Nederland Holding BV
6.125%, 5/15/28 (b)		289		276,933
Ashland LLC
4.75%, 8/15/22		421		413,818
Axalta Coating Systems LLC
4.875%, 8/15/24 (b)		516		487,618
Berry Global, Inc.
5.50%, 5/15/22		345		343,271
CF Industries, Inc.
4.95%, 6/01/43		595		461,138
5.375%, 3/15/44		545		444,175
Cleveland-Cliffs, Inc.
5.75%, 3/01/25		1,578		1,418,234
Constellium NV
5.75%, 5/15/24 (b)		400		369,455
5.875%, 2/15/26 (b)		1,310		1,167,437
Crown Americas LLC/Crown Americas Capital Corp. VI
4.75%, 2/01/26 (b)		751		710,719
Eldorado Gold Corp.
6.125%, 12/15/20 (b)		1,056		963,936
ERP Iron Ore, LLC
9.039%, 12/31/19 (c)(d)(e)(f)(g)(h)		336		336,499
FMG Resources (August 2006) Pty Ltd.
5.125%, 3/15/23 (b)		69		65,224
Freeport-McMoRan, Inc.
5.45%, 3/15/43		3,414		2,598,907
Grinding Media, Inc./Moly-Cop AltaSteel Ltd.
7.375%, 12/15/23 (b)		1,075		1,039,411
Hexion, Inc.
6.625%, 4/15/20		119		95,014
Joseph T Ryerson & Son, Inc.
11.00%, 5/15/22 (b)		3,215		3,238,929
Kraton Polymers LLC/Kraton Polymers Capital Corp.
5.25%, 5/15/26 (b)	EUR	846		872,594
Lecta SA
6.50%, 8/01/23 (b)		227		240,150
Magnetation LLC/Mag Finance Corp.
11.00%, 5/15/18 (e)(g)(i)(j)	U.S.$	2,857		29
Momentive Performance Materials, Inc.
3.88%, 10/24/21		2,604		2,768,635
8.875%, 10/15/20 (d)(e)(g)(k)		2,604		0
Multi-Color Corp.
4.875%, 11/01/25 (b)		980		842,493
New Gold, Inc.
6.25%, 11/15/22 (b)		286		238,847


	Principal Amount (000)		U.S. $ Value
Novelis Corp.
5.875%, 9/30/26 (b)	U.S.$	1,523	$	1,341,189
Nufarm Australia Ltd./Nufarm Americas, Inc.
5.75%, 4/30/26 (b)		489		443,793
Nyrstar Netherlands Holdings BV
8.50%, 9/15/19 (b)	EUR	601		296,174
OCI NV
5.00%, 4/15/23 (b)		1,300		1,519,160
6.625%, 4/15/23 (b)	U.S.$	840		830,293
Pactiv LLC
7.95%, 12/15/25		665		658,338
Peabody Energy Corp.
6.00%, 3/31/22 (b)		245		239,816
6.375%, 3/31/25 (b)		350		326,873
Plastipak Holdings, Inc.
6.25%, 10/15/25 (b)		1,336		1,194,928
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
5.125%, 7/15/23 (b)		717		682,208
Sealed Air Corp.
6.875%, 7/15/33 (b)		1,295		1,306,908
Smurfit Kappa Treasury Funding DAC
7.50%, 11/20/25		238		271,683
SPCM SA
4.875%, 9/15/25 (b)		975		866,573
Starfruit Finco BV/Starfruit US Holdco LLC
6.50%, 10/01/26	EUR	1,010		1,066,587
8.00%, 10/01/26 (a)(b)	U.S.$	515		480,237
Teck Resources Ltd.
5.20%, 3/01/42		2,374		2,004,864
5.40%, 2/01/43		1,454		1,263,946
6.00%, 8/15/40		470		433,645
6.25%, 7/15/41		238		225,561
United States Steel Corp.
6.25%, 3/15/26		245		216,523
6.875%, 8/15/25		844		780,321
Valvoline, Inc.
5.50%, 7/15/24		278		271,773
W.R. Grace & Co.-Conn
5.625%, 10/01/24 (b)		386		386,919

				37,649,665

Capital Goods - 1.6%
A123 Systems, Inc.
3.75%, 4/15/16 (c)(e)(g)(l)		955		66,850
Arconic, Inc.
5.90%, 2/01/27		119		114,047
ARD Finance SA
6.625% (6.625% Cash or 7.375% PIK), 9/15/23 (h)	EUR	1,126		1,229,966
7.125% (7.125% Cash or 7.875% PIK), 9/15/23 (h)	U.S.$	200		181,167


	Principal Amount (000)		U.S. $ Value
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
6.00%, 2/15/25 (b)	U.S.$	200	$	183,989
6.75%, 5/15/24 (b)	EUR	2,004		2,401,967
BBA US Holdings, Inc.
5.375%, 5/01/26 (b)	U.S.$	402		379,637
Bombardier, Inc.
5.75%, 3/15/22 (b)		932		874,065
6.00%, 10/15/22 (b)		233		218,475
6.125%, 1/15/23 (b)		695		651,257
7.50%, 3/15/25 (b)		1,775		1,672,938
BWAY Holding Co.
4.75%, 4/15/24 (b)	EUR	890		1,000,480
5.50%, 4/15/24 (b)	U.S.$	1,009		950,018
7.25%, 4/15/25 (b)		720		647,921
Cleaver-Brooks, Inc.
7.875%, 3/01/23 (b)		505		493,882
Gates Global LLC/Gates Global Co.
6.00%, 7/15/22 (b)		352		343,016
GFL Environmental, Inc.
5.375%, 3/01/23 (b)		103		91,094
5.625%, 5/01/22 (b)		403		373,606
Hulk Finance Corp.
7.00%, 6/01/26 (b)		688		600,202
JELD-WEN, Inc.
4.625%, 12/15/25 (b)		128		112,641
4.875%, 12/15/27 (b)		182		156,522
Liberty Tire Recycling LLC
9.50%, 1/15/23 (d)(g)(j)		586		585,815
Stevens Holding Co., Inc.
6.125%, 10/01/26 (b)		141		139,069
Textron Financial Corp.
4.351% (LIBOR 3 Month + 1.74%), 2/15/42 (b)(m)		575		412,011
TransDigm, Inc.
6.375%, 6/15/26		2,292		2,135,555
6.50%, 7/15/24		1,529		1,487,183

				17,503,373

Communications - Media - 4.2%
Altice Financing SA
6.625%, 2/15/23 (b)		2,892		2,783,550
7.50%, 5/15/26 (b)		1,782		1,627,827
Altice France SA/France
5.625%, 5/15/24 (b)	EUR	386		444,614
6.25%, 5/15/24 (b)	U.S.$	400		371,511
7.375%, 5/01/26 (b)		2,923		2,681,376
8.125%, 2/01/27 (b)		465		438,264
Altice Luxembourg SA
7.25%, 5/15/22 (a)(b)	EUR	1,332		1,419,845
7.75%, 5/15/22 (b)	U.S.$	1,770		1,615,467


	Principal Amount (000)		U.S. $ Value
CCO Holdings LLC/CCO Holdings Capital Corp.
5.00%, 2/01/28 (b)	U.S.$	65	$	59,794
5.125%, 5/01/27 (b)		106		98,668
5.375%, 5/01/25 (b)		74		70,971
5.75%, 1/15/24		112		111,036
5.75%, 2/15/26 (b)		346		339,200
5.875%, 5/01/27 (b)		445		433,030
Clear Channel Worldwide Holdings, Inc.
Series A
6.50%, 11/15/22		505		503,918
Series B
6.50%, 11/15/22		2,604		2,612,820
CSC Holdings LLC
5.375%, 2/01/28 (b)		1,502		1,383,372
5.50%, 5/15/26 (b)		200		189,531
6.625%, 10/15/25 (b)		274		277,425
7.50%, 4/01/28 (b)		1,857		1,851,139
10.875%, 10/15/25 (b)		765		858,583
DISH DBS Corp.
5.00%, 3/15/23		830		683,619
5.875%, 11/15/24		2,291		1,843,625
6.75%, 6/01/21		766		759,049
Gray Television, Inc.
5.125%, 10/15/24 (b)		987		910,185
iHeartCommunications, Inc.
6.875%, 6/15/18 (c)(e)(g)(i)		2,016		403,200
9.00%, 12/15/19 (e)(f)		927		623,357
10.625%, 3/15/23 (e)(f)		142		93,770
11.25%, 3/01/21 (e)(f)		535		364,883
11.25%, 3/01/21 (b)(e)(f)		254		167,869
Liberty Interactive LLC
3.75%, 2/15/30 (l)		879		580,332
Meredith Corp.
6.875%, 2/01/26 (b)		1,577		1,550,815
Netflix, Inc.
4.375%, 11/15/26		1,502		1,371,710
4.875%, 4/15/28		1,171		1,068,512
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 2/15/22		598		595,771
Radiate Holdco LLC/Radiate Finance, Inc.
6.625%, 2/15/25 (b)		1,057		911,387
6.875%, 2/15/23 (b)		451		410,717
Sinclair Television Group, Inc.
6.125%, 10/01/22		1,437		1,447,423
Sirius XM Radio, Inc.
5.00%, 8/01/27 (b)		65		59,364
TEGNA, Inc.
5.50%, 9/15/24 (b)		162		157,143
6.375%, 10/15/23		668		668,997
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.00%, 1/15/25 (b)		1,078		1,056,510


	Principal Amount (000)		U.S. $ Value
6.25%, 1/15/29 (b)	EUR	446	$	560,006
UPC Holding BV
5.50%, 1/15/28 (b)	U.S.$	2,223		2,012,582
UPCB Finance IV Ltd.
5.375%, 1/15/25 (b)		200		188,261
Urban One, Inc.
7.375%, 4/15/22 (b)		1,350		1,275,750
Virgin Media Receivables Financing Notes I DAC
5.50%, 9/15/24 (b)	GBP	128		156,662
Virgin Media Secured Finance PLC
5.25%, 1/15/26 (b)	U.S.$	200		183,144
5.50%, 1/15/25 (b)	GBP	423		536,139
Ziggo Bond Co. BV
5.875%, 1/15/25 (b)	U.S.$	1,034		942,541
6.00%, 1/15/27 (b)		815		706,444
7.125%, 5/15/24 (b)	EUR	968		1,160,875
Ziggo BV
5.50%, 1/15/27 (b)	U.S.$	1,363		1,226,700

				44,849,283

Communications - Telecommunications - 2.6%
C&W Senior Financing DAC
6.875%, 9/15/27 (b)		1,047		964,984
7.50%, 10/15/26 (b)		395		381,531
CB T-Mobile USA, Inc.
6.00%, 3/01/23 (c)(d)(e)(g)		743		0
6.375%, 3/01/25 (c)(d)(e)(g)		655		0
CenturyLink, Inc. Series T
5.80%, 3/15/22		78		74,911
Cincinnati Bell, Inc.
7.00%, 7/15/24 (b)		1,151		954,269
DKT Finance ApS
7.00%, 6/17/23 (b)	EUR	989		1,195,541
Embarq Corp.
7.995%, 6/01/36	U.S.$	1,513		1,368,501
Frontier Communications Corp.
6.875%, 1/15/25		45		22,889
7.125%, 1/15/23		662		376,279
7.625%, 4/15/24		1,118		574,383
7.875%, 1/15/27		834		408,468
Hughes Satellite Systems Corp.
6.625%, 8/01/26		730		670,638
7.625%, 6/15/21		1,383		1,438,800
Intelsat Jackson Holdings SA
5.50%, 8/01/23		1,675		1,472,293
8.00%, 2/15/24 (b)		216		222,663
9.50%, 9/30/22 (b)		516		588,488
9.75%, 7/15/25 (b)		1,262		1,267,998
Level 3 Financing, Inc.
5.25%, 3/15/26		164		152,217
5.375%, 8/15/22-1/15/24		1,196		1,149,086


	Principal Amount (000)		U.S. $ Value
6.125%, 1/15/21	U.S.$	555	$	555,809
Level 3 Parent LLC
5.75%, 12/01/22		160		157,086
Qwest Corp.
6.875%, 9/15/33		1,335		1,198,355
Sable International Finance Ltd.
6.875%, 8/01/22 (b)		280		287,419
Sprint Capital Corp.
6.875%, 11/15/28		1,875		1,772,304
8.75%, 3/15/32		215		226,476
Sprint Corp.
7.875%, 9/15/23		627		643,307
T-Mobile USA, Inc.
4.75%, 2/01/28		39		35,893
6.00%, 3/01/23		743		747,214
6.375%, 3/01/25		655		661,927
Telecom Italia Capital SA
7.20%, 7/18/36		483		461,263
7.721%, 6/04/38		1,759		1,739,459
Telecom Italia SpA/Milano
5.303%, 5/30/24 (b)		1,002		950,140
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC
6.00%, 4/15/23 (b)		1,113		1,012,830
Wind Tre SpA
5.00%, 1/20/26 (b)		2,265		1,855,701
Windstream Services LLC/Windstream Finance Corp.
9.00%, 6/30/25 (b)		1,372		929,238
Zayo Group LLC/Zayo Capital, Inc.
5.75%, 1/15/27 (b)		259		230,501
6.00%, 4/01/23		447		423,229
6.375%, 5/15/25		1,146		1,065,780

				28,237,870

Consumer Cyclical - Automotive - 1.5%
American Axle & Manufacturing, Inc.
6.25%, 4/01/25		974		886,129
BCD Acquisition, Inc.
9.625%, 9/15/23 (b)		2,264		2,332,323
Cooper-Standard Automotive, Inc.
5.625%, 11/15/26 (b)		670		588,868
Dana Financing Luxembourg SARL
5.75%, 4/15/25 (b)		109		101,763
Exide Technologies
7.00%, 4/30/25 (g)(h)(j)(l)		4,894		2,691,645
11.00%, 4/30/22 (g)(h)(j)		4,450		3,559,920
Goodyear Tire & Rubber Co. (The)
7.00%, 3/15/28		400		392,181
IHO Verwaltungs GmbH
4.125% (4.125% Cash or 4.875% PIK), 9/15/21 (b)(h)		889		847,073
Meritor, Inc.
6.25%, 2/15/24		305		292,020


	Principal Amount (000)		U.S. $ Value
Navistar International Corp.
6.625%, 11/01/25 (b)	U.S.$	1,060	$	1,024,400
Tenneco, Inc.
5.00%, 7/15/26		2,174		1,668,832
Tesla, Inc.
5.30%, 8/15/25 (b)		599		521,077
Titan International, Inc.
6.50%, 11/30/23		1,093		975,207

				15,881,438

Consumer Cyclical - Entertainment - 0.4%
AMC Entertainment Holdings, Inc.
5.875%, 11/15/26		1,540		1,319,791
Silversea Cruise Finance Ltd.
7.25%, 2/01/25 (b)		1,409		1,488,975
VOC Escrow Ltd.
5.00%, 2/15/28 (b)		1,036		960,731

				3,769,497

Consumer Cyclical - Other - 2.3%
Beazer Homes USA, Inc.
5.875%, 10/15/27		712		562,485
6.75%, 3/15/25		1,400		1,204,000
8.75%, 3/15/22		32		31,910
Caesars Entertainment Corp.
5.00%, 10/01/24 (g)(l)		121		147,204
Cirsa Finance International SARL
6.25%, 12/20/23 (b)	EUR	288		335,155
7.875%, 12/20/23 (b)	U.S.$	865		861,367
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
6.00%, 2/15/23 (b)	EUR	176		12,052
Five Point Operating Co. LP/Five Point Capital Corp.
7.875%, 11/15/25 (b)	U.S.$	1,969		1,898,187
International Game Technology PLC
6.25%, 2/15/22 (b)		977		979,580
James Hardie International Finance DAC
4.75%, 1/15/25 (b)		285		259,756
5.00%, 1/15/28 (b)		273		233,986
K. Hovnanian Enterprises, Inc.
5.00%, 11/01/21		2,257		1,806,327
10.00%, 7/15/22 (b)		389		341,314
10.50%, 7/15/24 (b)		389		322,968
KB Home
7.00%, 12/15/21		536		546,070
7.50%, 9/15/22		494		509,133
Lennar Corp.
6.625%, 5/01/20		1,332		1,370,097
Marriott Ownership Resorts, Inc./ILG LLC
6.50%, 9/15/26 (b)		1,225		1,181,243
MDC Holdings, Inc.
5.50%, 1/15/24		150		144,001
6.00%, 1/15/43		2,908		2,273,986


	Principal Amount (000)		U.S. $ Value
MGM Resorts International
5.75%, 6/15/25	U.S.$	45	$	43,474
PulteGroup, Inc.
5.00%, 1/15/27		48		43,680
5.50%, 3/01/26		52		50,180
6.00%, 2/15/35		500		434,411
7.875%, 6/15/32		1,400		1,453,484
Shea Homes LP/Shea Homes Funding Corp.
5.875%, 4/01/23 (b)		420		381,315
6.125%, 4/01/25 (b)		830		738,765
Standard Industries, Inc./NJ
4.75%, 1/15/28 (b)		76		63,445
6.00%, 10/15/25 (b)		934		888,468
Stars Group Holdings BV/Stars Group US Co-Borrower LLC
7.00%, 7/15/26 (b)		941		909,465
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.
5.875%, 5/15/25 (b)		1,785		1,646,939
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.
5.875%, 4/15/23 (b)		875		844,375
Toll Brothers Finance Corp.
4.875%, 3/15/27		1,124		1,022,840
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 5/15/27 (b)		45		39,717
5.50%, 3/01/25 (b)		711		668,115

				24,249,494

Consumer Cyclical - Restaurants - 0.2%
Golden Nugget, Inc.
6.75%, 10/15/24 (b)		857		807,573
8.75%, 10/01/25 (b)		708		679,597
IRB Holding Corp.
6.75%, 2/15/26 (b)		453		393,832

				1,881,002

Consumer Cyclical - Retailers - 0.7%
Dufry Finance SCA
4.50%, 8/01/23 (b)	EUR	1,208		1,416,212
FirstCash, Inc.
5.375%, 6/01/24 (b)	U.S.$	1,312		1,280,876
JC Penney Corp., Inc.
6.375%, 10/15/36		421		142,002
7.40%, 4/01/37		486		162,427
L Brands, Inc.
5.25%, 2/01/28		1,336		1,141,939
7.60%, 7/15/37		1,000		784,308
Levi Strauss & Co.
5.00%, 5/01/25		1,150		1,125,676
PetSmart, Inc.
7.125%, 3/15/23 (b)		1,140		662,452


	Principal Amount (000)		U.S. $ Value
Sonic Automotive, Inc.
5.00%, 5/15/23	U.S.$	534	$	481,226
6.125%, 3/15/27		817		706,369

				7,903,487

Consumer Non-Cyclical - 3.3%
Air Medical Group Holdings, Inc.
6.375%, 5/15/23 (b)		820		692,907
Albertsons Cos. LLC/Safeway, Inc./New Albertsons LP/Albertson’s LLC
5.75%, 3/15/25		701		613,375
6.625%, 6/15/24		1,385		1,292,798
Avantor, Inc.
9.00%, 10/01/25 (b)		595		594,663
Aveta, Inc.
10.50%, 3/01/21 (d)(e)(g)(j)		13,116		0
Bausch Health Cos., Inc.
5.50%, 3/01/23 (b)		957		873,966
5.625%, 12/01/21 (b)		912		901,455
5.875%, 5/15/23 (b)		1,089		1,004,602
Catalent Pharma Solutions, Inc.
4.75%, 12/15/24 (b)	EUR	400		459,523
4.875%, 1/15/26 (b)	U.S.$	416		391,303
Charles River Laboratories International, Inc.
5.50%, 4/01/26 (b)		242		238,982
CHS/Community Health Systems, Inc.
6.25%, 3/31/23		1,116		1,015,159
8.125%, 6/30/24 (b)		635		458,077
DaVita, Inc.
5.00%, 5/01/25		1,244		1,128,741
Diamond BC BV
5.625%, 8/15/25 (a)(b)	EUR	362		352,482
Eagle Holding Co. II LLC
7.625% (7.625% Cash or 8.375% PIK), 5/15/22 (b)(h)	U.S.$	179		171,745
Endo Dac/Endo Finance LLC/Endo Finco, Inc.
6.00%, 7/15/23 (b)		790		602,375
Endo Finance LLC
5.75%, 1/15/22 (b)		1,228		1,022,379
Endo Finance LLC/Endo Finco, Inc.
5.375%, 1/15/23 (b)		200		150,653
Envision Healthcare Corp.
8.75%, 10/15/26 (b)		161		139,387
First Quality Finance Co., Inc.
4.625%, 5/15/21 (b)		3,174		3,071,537
Hadrian Merger Sub, Inc.
8.50%, 5/01/26 (b)		784		705,467
HCA, Inc.
4.25%, 10/15/19		1,405		1,402,342
4.50%, 2/15/27		65		61,843
5.00%, 3/15/24		330		327,509
5.25%, 6/15/26		165		163,845
5.875%, 2/15/26		110		110,390


	Principal Amount (000)		U.S. $ Value
Kinetic Concepts, Inc./KCI USA, Inc.
7.875%, 2/15/21 (b)	U.S.$	436	$	441,683
Lamb Weston Holdings, Inc.
4.625%, 11/01/24 (b)		407		396,698
Mallinckrodt International Finance SA
4.75%, 4/15/23		1,354		907,565
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
5.50%, 4/15/25 (b)		239		164,911
5.625%, 10/15/23 (b)		337		256,047
5.75%, 8/01/22 (b)		1,224		1,042,679
MEDNAX, Inc.
5.25%, 12/01/23 (b)		541		531,590
MPH Acquisition Holdings LLC
7.125%, 6/01/24 (b)		1,493		1,392,237
Post Holdings, Inc.
5.00%, 8/15/26 (b)		410		373,520
5.50%, 3/01/25 (b)		610		586,073
5.625%, 1/15/28 (b)		798		734,900
5.75%, 3/01/27 (b)		58		54,358
RegionalCare Hospital Partners Holdings, Inc.
8.25%, 5/01/23 (b)		49		49,494
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.
9.75%, 12/01/26 (b)		2,775		2,642,813
Spectrum Brands, Inc.
4.00%, 10/01/26 (b)	EUR	530		567,442
6.125%, 12/15/24	U.S.$	361		346,523
6.625%, 11/15/22		487		496,901
Sunshine Mid BV
6.50%, 5/15/26 (b)	EUR	823		868,111
Synlab Unsecured Bondco PLC
8.25%, 7/01/23 (b)		700		823,909
Tenet Healthcare Corp.
6.00%, 10/01/20	U.S.$	25		25,207
6.75%, 6/15/23		1,903		1,786,477
7.00%, 8/01/25 (a)		119		110,538
8.125%, 4/01/22		682		682,872
Vizient, Inc.
10.375%, 3/01/24 (b)		774		819,945
Voyage Care BondCo PLC
5.875%, 5/01/23 (b)	GBP	891		983,153

				35,033,151

Energy - 6.4%
AI Candelaria Spain SLU
7.50%, 12/15/28 (b)	U.S.$	1,166		1,113,938
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.
7.875%, 12/15/24		1,562		990,861


	Principal Amount (000)		U.S. $ Value
Antero Resources Corp.
5.125%, 12/01/22	U.S.$	484	$	454,937
Berry Petroleum Co. LLC
6.375%, 9/15/22 (c)(d)(e)(g)		2,383		0
Bristow Group, Inc.
8.75%, 3/01/23 (b)		265		190,194
Bruin E&P Partners LLC
8.875%, 8/01/23 (b)		1,718		1,528,243
California Resources Corp.
5.50%, 9/15/21		299		214,769
8.00%, 12/15/22 (b)		3,891		2,630,954
Carrizo Oil & Gas, Inc.
6.25%, 4/15/23		608		561,842
8.25%, 7/15/25		301		296,294
Cheniere Corpus Christi Holdings LLC
7.00%, 6/30/24		683		724,020
Cheniere Energy Partners LP
5.25%, 10/01/25		730		680,068
Chesapeake Energy Corp.
4.875%, 4/15/22		1,528		1,331,093
5.75%, 3/15/23		610		527,293
6.125%, 2/15/21		301		286,520
8.00%, 1/15/25-6/15/27		698		603,290
Covey Park Energy LLC/Covey Park Finance Corp.
7.50%, 5/15/25 (b)		1,015		885,359
Denbury Resources, Inc.
7.50%, 2/15/24 (b)		824		663,296
9.25%, 3/31/22 (b)		604		558,316
Diamond Offshore Drilling, Inc.
7.875%, 8/15/25		3,240		2,689,731
Energy Transfer LP
4.25%, 3/15/23		2,145		2,068,591
7.50%, 10/15/20		251		262,295
Ensco PLC
4.50%, 10/01/24		290		189,240
5.20%, 3/15/25		1,037		691,944
7.75%, 2/01/26		406		292,734
EP Energy LLC/Everest Acquisition Finance, Inc.
7.75%, 9/01/22		1,634		664,620
7.75%, 5/15/26 (b)		631		559,599
8.00%, 2/15/25 (b)		1,338		552,480
9.375%, 5/01/24 (b)		887		391,333
Genesis Energy LP/Genesis Energy Finance Corp.
5.625%, 6/15/24		412		353,827
6.25%, 5/15/26		1,327		1,140,802
6.50%, 10/01/25		1,088		960,284
6.75%, 8/01/22		115		112,689
Gulfport Energy Corp.
6.00%, 10/15/24		481		425,685
6.375%, 5/15/25 (a)		1,054		938,060
6.375%, 1/15/26		1,718		1,487,230
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp.
5.625%, 2/15/26 (b)		1,587		1,542,954


	Principal Amount (000)		U.S. $ Value
HighPoint Operating Corp.
7.00%, 10/15/22	U.S.$	534	$	486,823
8.75%, 6/15/25		577		552,644
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (b)		559		496,691
5.75%, 10/01/25 (b)		1,576		1,404,330
Indigo Natural Resources LLC
6.875%, 2/15/26 (b)		1,095		943,044
Laredo Petroleum, Inc.
6.25%, 3/15/23		472		424,339
Murphy Oil USA, Inc.
5.625%, 5/01/27		69		66,566
6.00%, 8/15/23		716		720,097
Nabors Industries, Inc.
4.625%, 9/15/21		967		870,115
5.50%, 1/15/23		1,755		1,390,453
5.75%, 2/01/25		441		332,816
Nine Energy Service, Inc.
8.75%, 11/01/23 (b)		525		497,771
Noble Holding International Ltd.
5.25%, 3/15/42		191		111,227
6.20%, 8/01/40		276		171,341
7.75%, 1/15/24		1,746		1,335,741
7.95%, 4/01/25		375		281,624
Parkland Fuel Corp.
6.00%, 4/01/26 (b)		1,147		1,076,274
PDC Energy, Inc.
5.75%, 5/15/26		633		561,033
6.125%, 9/15/24		1,185		1,098,059
Precision Drilling Corp.
7.125%, 1/15/26 (b)		787		684,374
QEP Resources, Inc.
5.25%, 5/01/23		1,809		1,607,423
Range Resources Corp.
4.875%, 5/15/25		583		479,084
5.00%, 8/15/22-3/15/23		963		854,718
5.875%, 7/01/22		97		90,149
Rowan Cos., Inc.
5.85%, 1/15/44		536		321,741
7.375%, 6/15/25		1,285		1,034,345
Sanchez Energy Corp.
6.125%, 1/15/23		2,766		490,343
7.25%, 2/15/23 (b)		756		616,141
SandRidge Energy, Inc.
7.50%, 2/15/23 (c)(d)(e)(g)		865		0
8.125%, 10/15/22 (c)(d)(e)(g)		2,076		0
SemGroup Corp.
6.375%, 3/15/25		594		550,090
7.25%, 3/15/26		540		505,858
SemGroup Corp./Rose Rock Finance Corp.
5.625%, 11/15/23		438		401,959
SM Energy Co.
5.00%, 1/15/24		1,341		1,172,616
5.625%, 6/01/25		1,150		1,000,500
6.625%, 1/15/27		416		368,163


	Principal Amount (000)		U.S. $ Value
Southern Star Central Corp.
5.125%, 7/15/22 (b)	U.S.$	1,200	$	1,152,000
SRC Energy, Inc.
6.25%, 12/01/25		800		669,828
Sunoco LP/Sunoco Finance Corp.
5.50%, 2/15/26		1,355		1,278,585
5.875%, 3/15/28		1,026		961,243
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
5.125%, 2/01/25		157		147,292
5.875%, 4/15/26 (b)		1,050		1,022,373
Transocean Phoenix 2 Ltd.
7.75%, 10/15/24 (b)		973		969,417
Transocean, Inc.
6.80%, 3/15/38		1,456		981,178
7.50%, 1/15/26 (b)		762		669,781
9.00%, 7/15/23 (b)		683		679,420
Vantage Drilling International
7.125%, 4/01/23 (c)(d)(e)(g)		1,283		0
7.50%, 11/01/19 (c)(d)(e)(g)		2,176		0
Vine Oil & Gas LP/Vine Oil & Gas Finance Corp.
8.75%, 4/15/23 (b)		2,640		2,063,820
Weatherford International LLC
9.875%, 3/01/25 (b)		294		177,482
Weatherford International Ltd.
5.875%, 7/01/21 (l)		154		97,081
6.50%, 8/01/36		752		391,040
6.75%, 9/15/40		849		434,039
7.00%, 3/15/38		409		213,734
7.75%, 6/15/21 (a)		962		723,178
9.875%, 2/15/24		467		285,658
Whiting Petroleum Corp.
1.25%, 4/01/20 (l)		542		512,415
5.75%, 3/15/21		177		168,393
6.25%, 4/01/23		483		440,160
6.625%, 1/15/26		737		630,281
WPX Energy, Inc.
5.75%, 6/01/26		528		481,195
8.25%, 8/01/23		187		196,489

				67,909,959

Other Industrial - 0.7%
Algeco Global Finance PLC
8.00%, 2/15/23 (b)		1,821		1,700,235
American Tire Distributors, Inc.
10.25%, 3/01/22 (b)(e)(f)(g)		2,231		341,713
Global Partners LP/GLP Finance Corp.
6.25%, 7/15/22		2,976		2,820,180
H&E Equipment Services, Inc.
5.625%, 9/01/25		437		400,432
KAR Auction Services, Inc.
5.125%, 6/01/25 (b)		458		413,345


	Principal Amount (000)		U.S. $ Value
Laureate Education, Inc.
8.25%, 5/01/25 (b)	U.S.$	1,773	$	1,821,651

				7,497,556

Services - 1.6%
ADT Security Corp. (The)
4.125%, 6/15/23		83		75,945
Aptim Corp.
7.75%, 6/15/25 (b)		927		702,986
APX Group, Inc.
7.875%, 12/01/22		3,299		3,115,915
8.75%, 12/01/20		657		625,600
Aramark Services, Inc.
5.00%, 2/01/28 (b)		654		611,638
5.125%, 1/15/24		242		239,941
Carlson Travel, Inc.
6.75%, 12/15/23 (b)		782		751,066
Carriage Services, Inc.
6.625%, 6/01/26 (b)		698		686,665
eDreams ODIGEO SA
5.50%, 9/01/23 (b)	EUR	478		512,938
Gartner, Inc.
5.125%, 4/01/25 (b)	U.S.$	482		468,769
GEO Group, Inc. (The)
5.125%, 4/01/23		162		145,904
5.875%, 1/15/22-10/15/24		670		639,755
6.00%, 4/15/26		677		594,068
Monitronics International, Inc.
9.125%, 4/01/20 (a)		958		238,804
Nielsen Finance LLC/Nielsen Finance Co.
5.00%, 4/15/22 (b)		549		526,999
Prime Security Services Borrower LLC/Prime Finance, Inc.
9.25%, 5/15/23 (b)		2,410		2,484,792
Refinitiv US Holdings, Inc.
6.25%, 5/15/26 (b)		273		262,743
8.25%, 11/15/26 (b)		252		230,282
Ritchie Bros Auctioneers, Inc.
5.375%, 1/15/25 (b)		366		358,346
Sabre GLBL, Inc.
5.25%, 11/15/23 (b)		543		536,618
5.375%, 4/15/23 (b)		656		654,763
Team Health Holdings, Inc.
6.375%, 2/01/25 (a)(b)		1,645		1,343,440
Verscend Escrow Corp.
9.75%, 8/15/26 (b)		1,595		1,499,029

				17,307,006

Technology - 1.5%
Amkor Technology, Inc.
6.375%, 10/01/22		2,681		2,677,223
Banff Merger Sub, Inc.
9.75%, 9/01/26 (b)		2,432		2,225,621


	Principal Amount (000)		U.S. $ Value
Dell International LLC/EMC Corp.
7.125%, 6/15/24 (b)	U.S.$	187	$	190,302
Dell, Inc.
6.50%, 4/15/38		1,671		1,493,023
Goodman Networks, Inc.
8.00%, 5/11/22 (g)		664		329,645
Infor Software Parent LLC/Infor Software Parent, Inc.
7.125% (7.125% Cash or 7.875% PIK), 5/01/21 (b)(h)		279		271,234
Infor US, Inc.
6.50%, 5/15/22		1,222		1,179,419
IQVIA, Inc.
3.25%, 3/15/25 (b)	EUR	782		879,078
Nokia Oyj
6.625%, 5/15/39	U.S.$	527		534,913
Rackspace Hosting, Inc.
8.625%, 11/15/24 (b)		55		42,889
Solera LLC/Solera Finance, Inc.
10.50%, 3/01/24 (b)		1,941		2,067,165
Veritas US, Inc./Veritas Bermuda Ltd.
7.50%, 2/01/23 (b)		964		785,279
10.50%, 2/01/24 (b)		2,276		1,481,446
West Corp.
8.50%, 10/15/25 (b)		748		602,158
Western Digital Corp.
4.75%, 2/15/26		1,023		887,433

				15,646,828

Transportation - Airlines - 0.0%
America West Airlines Pass Through Trust
Series 1999-1G, Class G
7.93%, 1/02/19		187		187,476

Transportation - Services - 0.8%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
5.50%, 4/01/23 (a)		619		600,415
Europcar Mobility Group
5.75%, 6/15/22 (b)	EUR	670		777,795
Herc Rentals, Inc.
7.75%, 6/01/24 (a)(b)	U.S.$	1,331		1,387,193
Hertz Corp. (The)
5.50%, 10/15/24 (b)		2,902		2,126,150
7.625%, 6/01/22 (b)		641		605,737
Hertz Holdings Netherlands BV
5.50%, 3/30/23	EUR	1,117		1,261,600
Loxam SAS
3.50%, 4/15/22 (b)		186		214,228
4.25%, 4/15/24 (b)		138		159,413
United Rentals North America, Inc.
5.50%, 5/15/27	U.S.$	418		387,651
5.75%, 11/15/24		946		912,890


	Principal Amount (000)		U.S. $ Value
XPO Logistics, Inc.
6.125%, 9/01/23 (b)	U.S.$	498	$	480,374

				8,913,446

				334,420,531

Financial Institutions - 7.4%
Banking - 4.4%
Allied Irish Banks PLC
Series E
7.375%, 12/03/20 (b)(n)	EUR	871		1,037,866
Ally Financial, Inc.
8.00%, 11/01/31	U.S.$	2,251		2,495,468
Banco Bilbao Vizcaya Argentaria SA
5.875%, 5/24/22 (b)(n)	EUR	1,200		1,305,650
6.75%, 2/18/20 (b)(n)		800		905,001
8.875%, 4/14/21 (b)(n)		1,000		1,241,707
Banco de Sabadell SA
6.50%, 5/18/22 (b)(n)		1,400		1,480,326
Banco Santander SA
6.25%, 3/12/19-9/11/21 (b)(n)		900		997,378
6.75%, 4/25/22 (b)(n)		1,500		1,746,553
Bank of Ireland
7.375%, 6/18/20 (b)(n)		1,455		1,737,050
Barclays Bank PLC
6.86%, 6/15/32 (b)(n)	U.S.$	166		171,272
Barclays PLC
7.25%, 3/15/23 (b)(n)	GBP	219		278,964
7.75%, 9/15/23 (n)	U.S.$	420		404,535
8.00%, 12/15/20 (n)	EUR	1,732		2,091,103
CIT Group, Inc.
6.125%, 3/09/28	U.S.$	588		585,545
Citigroup, Inc.
5.95%, 1/30/23 (n)		2,689		2,443,825
Citizens Financial Group, Inc.
Series B
6.00%, 7/06/23 (n)		970		892,400
Credit Suisse Group AG
6.25%, 12/18/24 (b)(n)		1,404		1,330,708
7.50%, 12/11/23 (b)(n)		3,043		3,103,860
Danske Bank A/S
6.125%, 3/28/24 (b)(n)		265		231,302
Series E
5.875%, 4/06/22 (b)(n)	EUR	1,096		1,256,885
Goldman Sachs Group, Inc. (The)
Series P
5.00%, 11/10/22 (n)	U.S.$	1,599		1,346,985
ING Groep NV
6.50%, 4/16/25 (n)		520		479,700
6.875%, 4/16/22 (b)(n)		250		248,555


	Principal Amount (000)		U.S. $ Value
Intesa Sanpaolo SpA
3.928%, 9/15/26 (a)(b)	EUR	227	$	260,211
5.017%, 6/26/24 (b)	U.S.$	331		299,355
5.71%, 1/15/26 (b)		1,232		1,122,759
Lloyds Banking Group PLC
6.413%, 10/01/35 (b)(n)		235		228,769
6.657%, 5/21/37 (b)(n)		98		96,553
7.625%, 6/27/23 (b)(n)	GBP	1,760		2,308,105
Royal Bank of Scotland Group PLC
8.625%, 8/15/21 (n)	U.S.$	3,518		3,642,319
Series U
5.123% (LIBOR 3 Month + 2.32%), 9/30/27 (a)(m)(n)		1,100		985,622
Skandinaviska Enskilda Banken AB
5.625%, 5/13/22 (b)(n)		400		379,300
SNS Bank NV
Series E
11.25%, 12/31/49 (c)(e)(g)	EUR	620		6,050
Societe Generale SA
7.375%, 9/13/21 (b)(n)	U.S.$	2,007		1,969,114
7.875%, 12/18/23 (b)(n)		563		556,666
8.00%, 9/29/25 (b)(n)		601		605,507
Standard Chartered PLC
7.50%, 4/02/22 (b)(n)		1,269		1,271,529
7.75%, 4/02/23 (b)(n)		440		435,681
SunTrust Banks, Inc.
Series H
5.125%, 12/15/27 (n)		492		417,005
UBS Group Funding Switzerland AG
6.875%, 3/22/21 (b)(n)		200		200,479
7.00%, 2/19/25 (b)(n)		2,492		2,537,055
UniCredit SpA
9.25%, 6/03/22 (b)(n)	EUR	1,554		1,919,394

				47,054,111

Brokerage - 0.2%
Lehman Brothers Holdings, Inc.
6.875%, 5/02/18 (c)(e)(g)	U.S.$	1,690		32,110
LPL Holdings, Inc.
5.75%, 9/15/25 (b)		1,517		1,422,187

				1,454,297

Finance - 1.3%
Compass Group Diversified Holdings LLC
8.00%, 5/01/26 (b)		1,127		1,117,501
Curo Group Holdings Corp.
8.25%, 9/01/25 (b)		2,426		1,891,851
Enova International, Inc.
8.50%, 9/01/24-9/15/25 (b)		1,700		1,404,167
goeasy Ltd.
7.875%, 11/01/22 (b)		466		472,533


	Principal Amount (000)		U.S. $ Value
ILFC E-Capital Trust II
4.80% (H15T 30 Year + 1.80%), 12/21/65 (b)(m)	U.S.$	2,000	$	1,560,300
Lincoln Finance Ltd.
6.875%, 4/15/21 (b)	EUR	1,139		1,331,711
Navient Corp.
5.50%, 1/25/23	U.S.$	2,011		1,763,058
5.875%, 3/25/21		275		263,312
6.50%, 6/15/22		357		332,832
6.625%, 7/26/21		182		175,791
6.75%, 6/15/26		616		511,332
7.25%, 1/25/22-9/25/23		801		750,870
8.00%, 3/25/20		184		187,136
SLM Corp.
5.125%, 4/05/22		605		588,758
Springleaf Finance Corp.
6.875%, 3/15/25		735		656,157
TMX Finance LLC/TitleMax Finance Corp.
11.125%, 4/01/23 (b)		890		720,123

				13,727,432

Insurance - 0.8%
Ambac Assurance Corp.
5.10%, 6/07/20 (b)(g)		15		19,468
ASR Nederland NV
4.625%, 10/19/27 (a)(b)(n)	EUR	840		848,357
Galaxy Bidco Ltd.
6.375%, 11/15/20 (b)	GBP	133		167,642
Genworth Holdings, Inc.
7.625%, 9/24/21	U.S.$	1,616		1,579,682
Liberty Mutual Group, Inc.
7.80%, 3/15/37 (b)		2,559		2,738,130
Polaris Intermediate Corp.
8.50%, 12/01/22 (b)(h)		2,892		2,641,809
WellCare Health Plans, Inc.
5.375%, 8/15/26 (b)		570		551,157

				8,546,245

Other Finance - 0.5%
Intrum AB
2.75%, 7/15/22 (b)	EUR	977		1,030,813
3.125%, 7/15/24 (a)(b)		489		494,094
LHC3 PLC
4.125% (4.125% Cash or 4.875% PIK), 8/15/24 (b)(h)		239		261,034
NVA Holdings, Inc./United States
6.875%, 4/01/26 (b)	U.S.$	833		740,710
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.
6.75%, 6/01/25 (b)		2,464		2,320,829
Travelport Corporate Finance PLC
6.00%, 3/15/26 (b)		461		464,811

				5,312,291


	Principal Amount (000)		U.S. $ Value
REITS - 0.2%
Iron Mountain, Inc.
4.875%, 9/15/27 (b)	U.S.$	230	$	200,690
5.25%, 3/15/28 (b)		1,576		1,391,280
MPT Operating Partnership LP/MPT Finance Corp.
5.00%, 10/15/27		319		291,220
5.25%, 8/01/26		137		129,260
5.50%, 5/01/24		264		262,702

				2,275,152

				78,369,528

Utility - 1.0%
Electric - 0.8%
AES Corp./VA
4.875%, 5/15/23		976		954,448
Calpine Corp.
5.375%, 1/15/23		1,732		1,622,037
5.50%, 2/01/24		1,279		1,170,219
5.75%, 1/15/25		102		93,155
NRG Energy, Inc.
5.75%, 1/15/28		703		676,286
7.25%, 5/15/26		1,754		1,827,750
Talen Energy Supply LLC
4.60%, 12/15/21		33		29,785
6.50%, 6/01/25		757		540,132
10.50%, 1/15/26 (b)		622		526,828
Texas Competitive/TCEH
11.50%, 10/01/20 (d)(e)(g)(j)		626		0
Vistra Energy Corp.
7.375%, 11/01/22		765		789,681
7.625%, 11/01/24		920		973,137

				9,203,458

Natural Gas - 0.2%
NGL Energy Partners LP/NGL Energy Finance Corp.
7.50%, 11/01/23		1,889		1,819,054

				11,022,512

Total Corporates - Non-Investment Grade (cost $469,754,820)				423,812,571

COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%
Risk Share Floating Rate - 9.7%
Bellemeade Re Ltd.
Series 2015-1A, Class M2
6.806% (LIBOR 1 Month + 4.30%), 7/25/25 (j)(m)		278		279,361
Series 2018-2A, Class M1B
3.856% (LIBOR 1 Month + 1.35%), 8/25/28 (b)(m)		1,968		1,978,096
Series 2018-3A, Class M2


	Principal Amount (000)		U.S. $ Value
5.256% (LIBOR 1 Month + 2.75%), 10/25/27 (b)(m)	U.S.$	915	$	917,158
Eagle RE Ltd.
Series 2018-1, Class M2
5.28% (LIBOR 1 Month + 3.00%), 11/25/28 (b)(m)		264		264,435
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes
Series 2013-DN1, Class M2
9.656% (LIBOR 1 Month + 7.15%), 7/25/23 (m)		2,307		2,690,782
Series 2013-DN2, Class M2
6.756% (LIBOR 1 Month + 4.25%), 11/25/23 (m)		1,733		1,887,033
Series 2014-DN1, Class M3
7.006% (LIBOR 1 Month + 4.50%), 2/25/24 (m)		1,939		2,173,477
Series 2014-DN2, Class M3
6.106% (LIBOR 1 Month + 3.60%), 4/25/24 (m)		514		553,672
Series 2014-DN3, Class M3
6.506% (LIBOR 1 Month + 4.00%), 8/25/24 (m)		635		682,855
Series 2014-DN4, Class M3
7.056% (LIBOR 1 Month + 4.55%), 10/25/24 (m)		369		404,202
Series 2014-HQ1, Class M3
6.606% (LIBOR 1 Month + 4.10%), 8/25/24 (m)		1,686		1,812,116
Series 2014-HQ2, Class M3
6.256% (LIBOR 1 Month + 3.75%), 9/25/24 (m)		3,710		4,081,952
Series 2014-HQ3, Class M3
7.256% (LIBOR 1 Month + 4.75%), 10/25/24 (m)		4,146		4,544,150
Series 2015-DN1, Class B
14.006% (LIBOR 1 Month + 11.50%), 1/25/25 (m)		2,212		2,919,435
Series 2015-DN1, Class M3
6.656% (LIBOR 1 Month + 4.15%), 1/25/25 (m)		1,314		1,396,034
Series 2015-DNA1, Class B
11.706% (LIBOR 1 Month + 9.20%), 10/25/27 (m)		596		744,591
Series 2015-DNA1, Class M3
5.806% (LIBOR 1 Month + 3.30%), 10/25/27 (m)		480		520,676
Series 2015-DNA2, Class B
10.056% (LIBOR 1 Month + 7.55%), 12/25/27 (m)		1,459		1,690,358
Series 2015-DNA3, Class B
11.856% (LIBOR 1 Month + 9.35%), 4/25/28 (m)		1,027		1,279,881
Series 2015-HQ1, Class B


	Principal Amount (000)		U.S. $ Value
13.256% (LIBOR 1 Month + 10.75%), 3/25/25 (m)	U.S.$	3,878	$	5,099,232
Series 2015-HQ1, Class M3
6.306% (LIBOR 1 Month + 3.80%), 3/25/25 (m)		530		558,299
Series 2015-HQA1, Class B
11.306% (LIBOR 1 Month + 8.80%), 3/25/28 (m)		1,010		1,164,408
Series 2015-HQA1, Class M3
7.206% (LIBOR 1 Month + 4.70%), 3/25/28 (m)		1,455		1,624,562
Series 2016-DNA2, Class B
13.006% (LIBOR 1 Month + 10.50%), 10/25/28 (m)		860		1,122,986
Series 2016-DNA2, Class M3
7.156% (LIBOR 1 Month + 4.65%), 10/25/28 (m)		811		911,941
Series 2016-DNA3, Class B
13.756% (LIBOR 1 Month + 11.25%), 12/25/28 (m)		2,776		3,669,572
Series 2016-DNA3, Class M3
7.506% (LIBOR 1 Month + 5.00%), 12/25/28 (m)		1,113		1,251,515
Series 2016-DNA4, Class B
11.106% (LIBOR 1 Month + 8.60%), 3/25/29 (m)		396		460,999
Series 2016-HQA2, Class B
14.006% (LIBOR 1 Month + 11.50%), 11/25/28 (m)		422		532,803
Series 2017-DNA2, Class B1
7.656% (LIBOR 1 Month + 5.15%), 10/25/29 (m)		415		464,977
Series 2017-DNA2, Class M2
5.956% (LIBOR 1 Month + 3.45%), 10/25/29 (m)		599		633,817
Series 2017-DNA3, Class B1
6.956% (LIBOR 1 Month + 4.45%), 3/25/30 (m)		615		650,720
Federal National Mortgage Association Connecticut Avenue Securities
Series 2013-C01, Class M2
7.756% (LIBOR 1 Month + 5.25%), 10/25/23 (m)		1,436		1,606,695
Series 2014-C01, Class M2
6.906% (LIBOR 1 Month + 4.40%), 1/25/24 (m)		3,991		4,412,346
Series 2014-C03, Class 1M2
5.506% (LIBOR 1 Month + 3.00%), 7/25/24 (m)		1,004		1,055,291
Series 2014-C04, Class 1M2
7.406% (LIBOR 1 Month + 4.90%), 11/25/24 (m)		2,569		2,867,501
Series 2015-C01, Class 1M2


	Principal Amount (000)		U.S. $ Value
6.806% (LIBOR 1 Month + 4.30%), 2/25/25 (m)	U.S.$	2,479	$	2,676,662
Series 2015-C01, Class 2M2
7.056% (LIBOR 1 Month + 4.55%), 2/25/25 (m)		1,095		1,168,536
Series 2015-C02, Class 1M2
6.506% (LIBOR 1 Month + 4.00%), 5/25/25 (m)		737		788,942
Series 2015-C02, Class 2M2
6.506% (LIBOR 1 Month + 4.00%), 5/25/25 (m)		2,000		2,131,292
Series 2015-C03, Class 1M2
7.506% (LIBOR 1 Month + 5.00%), 7/25/25 (m)		2,278		2,514,053
Series 2015-C03, Class 2M2
7.506% (LIBOR 1 Month + 5.00%), 7/25/25 (m)		1,890		2,063,666
Series 2015-C04, Class 1M2
8.206% (LIBOR 1 Month + 5.70%), 4/25/28 (m)		2,666		3,009,376
Series 2015-C04, Class 2M2
8.056% (LIBOR 1 Month + 5.55%), 4/25/28 (m)		957		1,064,765
Series 2016-C01, Class 1B
14.256% (LIBOR 1 Month + 11.75%), 8/25/28 (m)		682		972,426
Series 2016-C01, Class 1M2
9.256% (LIBOR 1 Month + 6.75%), 8/25/28 (m)		2,077		2,419,003
Series 2016-C01, Class 2M2
9.456% (LIBOR 1 Month + 6.95%), 8/25/28 (m)		705		818,084
Series 2016-C02, Class 1B
14.756% (LIBOR 1 Month + 12.25%), 9/25/28 (m)		449		653,159
Series 2016-C02, Class 1M2
8.506% (LIBOR 1 Month + 6.00%), 9/25/28 (m)		2,375		2,726,154
Series 2016-C03, Class 1B
14.256% (LIBOR 1 Month + 11.75%), 10/25/28 (m)		374		531,998
Series 2016-C03, Class 2B
15.256% (LIBOR 1 Month + 12.75%), 10/25/28 (m)		632		916,414
Series 2016-C03, Class 2M2
8.406% (LIBOR 1 Month + 5.90%), 10/25/28 (m)		3,652		4,115,514
Series 2016-C04, Class 1B
12.756% (LIBOR 1 Month + 10.25%), 1/25/29 (m)		1,493		1,980,757
Series 2016-C05, Class 2B
13.256% (LIBOR 1 Month + 10.75%), 1/25/29 (m)		1,820		2,279,501
Series 2016-C05, Class 2M2


	Principal Amount (000)		U.S. $ Value
6.956% (LIBOR 1 Month + 4.45%), 1/25/29 (m)	U.S.$	1,486	$	1,621,476
Series 2016-C06, Class 1B
11.756% (LIBOR 1 Month + 9.25%), 4/25/29 (m)		1,287		1,617,920
Series 2016-C07, Class 2B
12.006% (LIBOR 1 Month + 9.50%), 5/25/29 (m)		1,559		1,941,677
Series 2016-C07, Class 2M2
6.856% (LIBOR 1 Month + 4.35%), 5/25/29 (m)		918		994,091
Series 2017-C01, Class 1B1
8.256% (LIBOR 1 Month + 5.75%), 7/25/29 (m)		148		170,353
Series 2017-C02, Class 2M2
6.156% (LIBOR 1 Month + 3.65%), 9/25/29 (m)		1,152		1,224,015
Series 2018-C01, Class 1B1
6.056% (LIBOR 1 Month + 3.55%), 7/25/30 (m)		909		863,780
Series 2018-R07, Class 1B1
6.856% (LIBOR 1 Month + 4.35%), 4/25/31 (b)(m)		441		432,398
Home Re Ltd.
Series 2018-1, Class M2
5.506% (LIBOR 1 Month + 3.00%), 10/25/28 (b)(m)		988		985,318
JP Morgan Madison Avenue Securities Trust
Series 2015-CH1, Class M2
8.006% (LIBOR 1 Month + 5.50%), 10/25/25 (b)(m)		1,428		1,610,968
Wells Fargo Credit Risk Transfer Securities Trust
Series 2015-WF1, Class 2M2
8.01% (LIBOR 1 Month + 5.50%), 11/25/25 (j)(m)		611		706,022

				103,906,248

Non-Agency Fixed Rate - 1.0%
Alternative Loan Trust
Series 2006-24CB, Class A15
5.75%, 8/01/36		806		661,457
Series 2006-42, Class 1A6
6.00%, 1/25/47		692		562,568
Series 2006-HY12, Class A5
3.872%, 8/25/36		1,362		1,389,670
Series 2006-J1, Class 1A10
5.50%, 2/25/36		1,171		1,039,850
Series 2006-J5, Class 1A1
6.50%, 9/25/36		909		763,745
Bear Stearns ARM Trust
Series 2007-3, Class 1A1
3.961%, 5/25/47		208		191,421
Series 2007-4, Class 22A1


	Principal Amount (000)		U.S. $ Value
3.924%, 6/25/47	U.S.$	774	$	704,975
BNPP Mortgage Securities LLC Trust
Series 2009-1, Class B1
6.00%, 8/27/37 (b)		809		619,360
ChaseFlex Trust
Series 2007-1, Class 1A3
6.50%, 2/25/37		537		318,142
Citigroup Mortgage Loan Trust
Series 2007-AR4, Class 1A1A
3.925%, 3/25/37		149		145,120
CitiMortgage Alternative Loan Trust
Series 2007-A3, Class 1A4
5.75%, 3/25/37		921		882,955
Countrywide Home Loan Mortgage Pass-Through Trust
Series 2007-HY4, Class 1A1
4.058%, 9/25/47		221		204,669
Credit Suisse Mortgage Trust
Series 2009-8R, Class 6A2
6.00%, 1/26/38 (b)		114		88,378
CSMC Mortgage-Backed Trust
Series 2006-7, Class 3A12
6.25%, 8/25/36		341		274,915
Residential Accredit Loans, Inc. Trust
Series 2005-QS14, Class 3A1
6.00%, 9/25/35		473		440,537
Residential Asset Securitization Trust
Series 2006-A8, Class 3A4
6.00%, 8/25/36		196		159,026
Washington Mutual Mortgage Pass-Through Certificates Trust
Series 2006-9, Class A4
4.747%, 10/25/36		1,563		721,523
Wells Fargo Mortgage Backed Securities Trust
Series 2007-AR7, Class A1
4.773%, 12/28/37		979		954,578

				10,122,889

Non-Agency Floating Rate - 0.9%
Alternative Loan Trust
Series 2007-7T2, Class A3
3.106% (LIBOR 1 Month + 0.60%), 4/25/37 (m)		2,622		1,194,398
Citigroup Mortgage Loan Trust
Series 2005-8, Class 2A2
2.294% (4.80% - LIBOR 1 Month), 9/25/35 (m)(o)		348		11,204
Countrywide Home Loan Mortgage Pass-Through Trust
Series 2007-13, Class A7
3.106% (LIBOR 1 Month + 0.60%), 8/25/37 (m)		536		359,298
First Horizon Alternative Mortgage Securities Trust
Series 2007-FA2, Class 1A6
3.044% (5.55% - LIBOR 1 Month), 4/25/37 (m)(o)		110		13,690


	Principal Amount (000)		U.S. $ Value
Series 2007-FA2, Class 1A10
2.756% (LIBOR 1 Month + 0.25%), 4/25/37 (m)	U.S.$	326	$	161,143
Lehman XS Trust
Series 2007-10H, Class 2AIO
4.651% (7.00% - LIBOR 1 Month), 7/25/37 (m)(o)		311		43,220
Residential Accredit Loans, Inc. Trust
Series 2006-QS18, Class 2A2
4.044% (6.55% - LIBOR 1 Month), 12/25/36 (m)(o)		4,025		667,874
Structured Asset Mortgage Investments II Trust
Series 2007-AR6, Class A1
3.657% (12MTA + 1.50%), 8/25/47 (m)		1,426		1,332,504
Wachovia Mortgage Loan Trust
Series 2006-ALT1, Class A2
2.686% (LIBOR 1 Month + 0.18%), 1/25/37 (m)		9,493		6,193,900

				9,977,231

Total Collateralized Mortgage Obligations (cost $112,986,473)				124,006,368

GOVERNMENTS - TREASURIES - 10.0%
Colombia - 0.2%
Colombian TES
Series B
10.00%, 7/24/24	COP	5,438,000		1,969,347

Malaysia - 0.2%
Malaysia Government Bond
Series 43528
5.734%, 7/30/19	MYR	9,297		2,278,779

Mexico - 0.4%
Mexican Bonos
Series M 20
7.50%, 6/03/27	MXN	95,733		4,521,435

Russia - 0.4%
Russian Federal Bond - OFZ
Series 6209
7.60%, 7/20/22	RUB	37,074		525,139
Series 6217
7.50%, 8/18/21		274,943		3,903,066

				4,428,205

United States - 8.7%
U.S. Treasury Bonds
2.75%, 11/15/42 (p)	U.S.$	2,200		2,102,719
4.50%, 2/15/36 (q)		2,400		2,957,250
5.00%, 5/15/37 (p)		1,900		2,493,156
5.25%, 2/15/29 (q)		5,350		6,539,539
6.125%, 11/15/27 (p)		1,000		1,270,312
6.25%, 5/15/30 (q)		5,800		7,781,062


	Principal Amount (000)		U.S. $ Value
8.125%, 5/15/21	U.S.$	5,250	$	5,921,016
U.S. Treasury Notes
0.875%, 4/15/19 (q)		20,074		19,989,312
2.25%, 2/15/27 (q)		26,373		25,610,657
2.875%, 8/15/28		17,670		17,943,334

				92,608,357

Uruguay - 0.1%
Uruguay Government International Bond
8.50%, 3/15/28 (b)	UYU	23,821		622,807
9.875%, 6/20/22 (b)		18,660		568,472

				1,191,279

Total Governments - Treasuries (cost $107,464,818)				106,997,402

CORPORATES - INVESTMENT GRADE - 6.7%
Financial Institutions - 4.0%
Banking - 1.9%
ABN AMRO Bank NV Series E
6.25%, 4/27/22 (b)	U.S.$	292		309,712
Bank of America Corp. Series DD
6.30%, 3/10/26 (n)		3,043		3,092,911
Series Z
6.50%, 10/23/24 (n)		57		58,480
BNP Paribas SA
6.75%, 3/14/22 (b)(n)		418		410,854
7.625%, 3/30/21 (b)(n)		406		413,265
BPCE SA
5.70%, 10/22/23 (b)		208		215,679
Citigroup, Inc.
4.40%, 6/10/25		105		103,160
Credit Agricole SA
7.589%, 1/30/20 (b)(n)	GBP	1,000		1,333,197
8.125%, 12/23/25 (b)(n)	U.S.$	1,909		1,960,156
DNB Bank ASA
6.50%, 3/26/22 (b)(n)		1,555		1,526,869
HSBC Holdings PLC
6.00%, 9/29/23 (b)(n)	EUR	2,746		3,330,652
ICICI Bank Ltd./Dubai
4.80%, 5/22/19 (b)	U.S.$	1,337		1,343,816
Intesa Sanpaolo SpA
2.75%, 3/20/20 (b)	EUR	482		565,501
4.00%, 5/20/19 (b)		470		546,316
JPMorgan Chase & Co.
Series V
5.00%, 7/01/19 (n)	U.S.$	210		203,831
Nationwide Building Society
4.302%, 3/08/29 (b)		1,500		1,398,687
Regions Bank/Birmingham AL
6.45%, 6/26/37		1,500		1,741,722


	Principal Amount (000)		U.S. $ Value
Santander Holdings USA, Inc.
4.40%, 7/13/27	U.S.$	1,090	$	1,028,939

				19,583,747

Insurance - 1.8%
Aegon NV
5.50%, 4/11/48		757		691,123
Allstate Corp. (The)
6.50%, 5/15/57		1,657		1,700,553
American International Group, Inc.
6.82%, 11/15/37		1,425		1,632,697
Series A-9
5.75%, 4/01/48		616		539,052
Aon Corp.
8.205%, 1/01/27		690		817,582
Assicurazioni Generali SpA
Series E
5.50%, 10/27/47 (b)	EUR	1,500		1,790,517
Aviva PLC
3.875%, 7/03/44 (b)		1,590		1,835,236
Caisse Nationale de Reassurance Mutuelle Agricole Groupama
6.00%, 1/23/27		1,400		1,778,895
CNP Assurances
4.50%, 6/10/47 (b)		1,500		1,801,048
MetLife, Inc.
10.75%, 8/01/39	U.S.$	2,350		3,553,085
Prudential Financial, Inc.
5.625%, 6/15/43		1,425		1,401,155
SCOR SE
3.00%, 6/08/46 (b)	EUR	200		227,930
Transatlantic Holdings, Inc.
8.00%, 11/30/39	U.S.$	1,261		1,722,501

				19,491,374

REITS - 0.3%
EPR Properties
5.75%, 8/15/22		915		958,775
GLP Capital LP/GLP Financing II, Inc.
5.375%, 4/15/26		674		660,442
5.75%, 6/01/28		67		66,611
Senior Housing Properties Trust
6.75%, 12/15/21		1,350		1,414,491
Spirit Realty LP
4.45%, 9/15/26		193		187,081

				3,287,400

				42,362,521

Industrial - 2.7%
Basic - 0.7%
Anglo American Capital PLC
3.625%, 9/11/24 (b)		200		188,030
4.75%, 4/10/27 (b)		637		611,494
ArcelorMittal
6.75%, 3/01/41		362		379,547


	Principal Amount (000)		U.S. $ Value
7.00%, 10/15/39	U.S.$	624	$	653,591
Braskem Finance Ltd.
6.45%, 2/03/24		1,972		2,075,530
Fresnillo PLC
5.50%, 11/13/23 (b)		306		310,972
Georgia-Pacific LLC
8.875%, 5/15/31		1		1,460
Glencore Finance Canada Ltd.
6.00%, 11/15/41 (b)		272		265,421
Glencore Funding LLC
4.625%, 4/29/24 (b)		341		339,882
Minsur SA
6.25%, 2/07/24 (b)		891		911,110
WestRock MWV LLC
7.95%, 2/15/31		1,000		1,269,883

				7,006,920

Capital Goods - 0.2%
General Electric Co.
Series D
5.00%, 1/21/21 (n)		1,681		1,290,903
Lafarge SA
7.125%, 7/15/36		800		939,733
Masco Corp.
5.95%, 3/15/22		308		322,904

				2,553,540

Communications - Media - 0.1%
Charter Communications Operating LLC/Charter Communications Operating Capital
4.908%, 7/23/25		1,195		1,186,164
Cox Communications, Inc.
4.50%, 6/30/43 (b)		135		112,178
4.70%, 12/15/42 (b)		259		223,899

				1,522,241

Communications - Telecommunications - 0.2%
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
4.738%, 3/20/25 (b)		1,340		1,315,276
5.152%, 3/20/28 (b)		1,340		1,315,356

				2,630,632

Consumer Cyclical - Automotive - 0.1%
General Motors Co.
5.20%, 4/01/45		337		279,434
5.40%, 4/01/48		181		158,740
6.25%, 10/02/43		116		108,868
6.75%, 4/01/46		456		441,986

				989,028


	Principal Amount (000)		U.S. $ Value
Consumer Cyclical - Other - 0.1%
Owens Corning
7.00%, 12/01/36	U.S.$	777	$	870,273

Consumer Non-Cyclical - 0.2%
CVS Health Corp.
4.78%, 3/25/38		2,140		2,056,771

Energy - 0.4%
Cenovus Energy, Inc.
4.45%, 9/15/42		822		630,951
6.75%, 11/15/39		67		65,859
Ecopetrol SA
5.875%, 5/28/45		1,271		1,191,562
Energy Transfer Partners LP/Regency Energy Finance Corp.
4.50%, 11/01/23		546		544,650
Kinder Morgan, Inc./DE
Series G
7.75%, 1/15/32		328		394,072
7.80%, 8/01/31		1,066		1,286,644

				4,113,738

Other Industrial - 0.1%
Alfa SAB de CV
5.25%, 3/25/24 (b)		1,580		1,568,150

Services - 0.1%
Verisk Analytics, Inc.
5.50%, 6/15/45		636		659,786

Technology - 0.5%
Dell International LLC/EMC Corp.
6.02%, 6/15/26 (b)		1,318		1,324,242
8.35%, 7/15/46 (b)		524		567,688
Micron Technology, Inc.
5.50%, 2/01/25		686		672,950
Seagate HDD Cayman
4.75%, 1/01/25		1,948		1,733,779
4.875%, 6/01/27		1,082		916,417

				5,215,076

Transportation - Airlines - 0.0%
Northwest Airlines Pass Through Trust
Series 2000-1, Class G
7.15%, 10/01/19 (c)		122		120,928

				29,307,083

Utility - 0.0%
Electric - 0.0%
DPL, Inc.
6.75%, 10/01/19		171		173,735

Total Corporates - Investment Grade (cost $69,838,808)				71,843,339


	Principal Amount (000)		U.S. $ Value
EMERGING MARKETS - SOVEREIGNS - 6.1%
Angola - 0.2%
Angolan Government International Bond
9.50%, 11/12/25 (b)	U.S.$	2,233	$	2,347,441
Republic of Angola Via Northern Lights III BV
7.00%, 8/17/19 (b)		256		256,954

				2,604,395

Argentina - 0.2%
Argentine Republic Government International Bond
6.875%, 1/26/27		269		204,440
7.82%, 12/31/33		EUR 1,674		1,600,557

				1,804,997

Bahrain - 0.2%
Bahrain Government International Bond
6.75%, 9/20/29 (b)	U.S.$	528		516,120
7.00%, 10/12/28 (b)		1,253		1,251,434

				1,767,554

Brazil - 0.3%
Brazilian Government International Bond
4.625%, 1/13/28		3,530		3,395,348

Cameroon - 0.1%
Republic of Cameroon International Bond
9.50%, 11/19/25 (b)		1,222		1,241,858

Costa Rica - 0.1%
Costa Rica Government International Bond
4.37%, 5/22/19 (b)		858		845,650
7.00%, 4/04/44 (b)		628		531,759

				1,377,409

Dominican Republic - 0.9%
Dominican Republic International Bond
5.95%, 1/25/27 (b)		1,553		1,542,517
7.45%, 4/30/44 (b)		1,283		1,328,547
8.625%, 4/20/27 (b)		5,719		6,505,362

				9,376,426

Ecuador - 0.2%
Ecuador Government International Bond
7.95%, 6/20/24 (b)		667		587,794
10.50%, 3/24/20 (b)		1,069		1,080,237

				1,668,031

Egypt - 0.3%
Egypt Government International Bond
6.125%, 1/31/22 (b)		3,009		2,948,820


	Principal Amount (000)		U.S. $ Value
El Salvador - 0.1%
El Salvador Government International Bond
5.875%, 1/30/25 (b)	U.S.$	300	$	274,500
7.625%, 9/21/34 (b)		762		771,525
7.75%, 1/24/23 (b)		339		348,831

				1,394,856

Gabon - 0.3%
Gabon Government International Bond
6.375%, 12/12/24 (b)		2,052		1,839,476
6.95%, 6/16/25 (b)		1,050		938,438

				2,777,914

Ghana - 0.2%
Ghana Government International Bond
7.625%, 5/16/29 (b)		1,840		1,644,500
10.75%, 10/14/30 (b)		780		881,400

				2,525,900

Honduras - 0.2%
Honduras Government International Bond
6.25%, 1/19/27 (b)		1,748		1,706,485
7.50%, 3/15/24 (b)		730		766,500

				2,472,985

Iraq - 0.1%
Iraq International Bond
5.80%, 1/15/28 (b)		264		235,950
6.752%, 3/09/23 (b)		402		381,900

				617,850

Ivory Coast - 0.5%
Ivory Coast Government International Bond
5.125%, 6/15/25 (b)	EUR	168		184,065
5.75%, 12/31/32 (b)	U.S.$	1,702		1,495,901
6.125%, 6/15/33 (b)		1,322		1,093,955
6.375%, 3/03/28 (b)		2,678		2,400,157
6.625%, 3/22/48 (b)	EUR	331		318,564

				5,492,642

Jamaica - 0.2%
Jamaica Government International Bond
7.625%, 7/09/25	U.S.$	506		568,617
7.875%, 7/28/45		1,240		1,407,400

				1,976,017

Jordan - 0.1%
Jordan Government International Bond
5.75%, 1/31/27 (b)		634		582,488


	Principal Amount (000)		U.S. $ Value
Kenya - 0.1%
Kenya Government International Bond
5.875%, 6/24/19 (b)	U.S.$	702	$	702,000
6.875%, 6/24/24 (b)		360		337,050
7.25%, 2/28/28 (b)		649		579,232

				1,618,282

Lebanon - 0.2%
Lebanon Government International Bond
6.65%, 4/22/24 (b)		427		355,477
Series G
6.20%, 2/26/25 (b)		823		655,314
6.60%, 11/27/26 (b)		1,974		1,539,720

				2,550,511

Mongolia - 0.2%
Mongolia Government International Bond
5.125%, 12/05/22 (b)		2,426		2,272,537
10.875%, 4/06/21 (b)		200		219,500

				2,492,037

Nigeria - 0.3%
Nigeria Government International Bond
6.375%, 7/12/23 (b)		740		710,400
6.50%, 11/28/27 (b)		388		342,895
6.75%, 1/28/21 (b)		288		290,880
7.625%, 11/21/25 (b)		1,785		1,725,536
7.875%, 2/16/32 (b)		489		444,379

				3,514,090

Senegal - 0.1%
Senegal Government International Bond
6.25%, 5/23/33 (b)		593		509,980
8.75%, 5/13/21 (b)		310		328,600

				838,580

Sri Lanka - 0.2%
Sri Lanka Government International Bond
6.00%, 1/14/19 (b)		799		794,006
6.125%, 6/03/25 (b)		350		313,687
6.20%, 5/11/27 (b)		685		605,369

				1,713,062

Turkey - 0.0%
Turkey Government International Bond
4.875%, 4/16/43		599		443,260

Ukraine - 0.5%
Ukraine Government International Bond
7.75%, 9/01/22-9/01/24 (b)		5,627		5,059,169


	Principal Amount (000)		U.S. $ Value
Venezuela - 0.2%
Venezuela Government International Bond
9.25%, 9/15/27 (e)(f)	U.S.$	7,978	$	1,830,353
9.25%, 5/07/28 (b)(e)(f)		300		67,875

				1,898,228

Zambia - 0.1%
Zambia Government International Bond
8.50%, 4/14/24 (b)		1,475		1,097,031

Total Emerging Markets - Sovereigns (cost $71,267,212)				65,249,740

EMERGING MARKETS - TREASURIES - 4.3%
Argentina - 0.7%
Argentina POM Politica Monetaria
Series POM
65.51% (ARLLMONP), 6/21/20 (m)	ARS	124,935		3,529,365
Argentine Bonos del Tesoro
15.50%, 10/17/26		15,834		320,499
16.00%, 10/17/23		62,663		1,391,404
18.20%, 10/03/21		110,859		2,235,715

				7,476,983

Brazil - 2.5%
Brazil Notas do Tesouro Nacional
Series F
10.00%, 1/01/21	BRL	100,732		27,184,374

Dominican Republic - 0.3%
Dominican Republic International Bond
16.00%, 7/10/20 (j)	DOP	137,500		2,973,126

South Africa - 0.2%
Republic of South Africa Government Bond
Series R186
10.50%, 12/21/26	ZAR	24,137		1,829,347

Sri Lanka - 0.1%
Sri Lanka Government Bonds
10.25%, 3/15/25	LKR	95,000		487,651
Series A
11.50%, 5/15/23		36,000		195,620
11.75%, 6/15/27		50,000		270,600

				953,871

Turkey - 0.5%
Turkey Government Bond
11.10%, 5/15/19	TRY	31,033		5,626,087

Total Emerging Markets - Treasuries (cost $59,094,822)				46,043,788


	Principal Amount (000)		U.S. $ Value
EMERGING MARKETS - CORPORATE BONDS - 4.2%
Industrial - 3.4%
Basic - 0.8%
ABJA Investment Co. Pte Ltd.
4.85%, 1/31/20 (b)	U.S.$	1,070	$	1,067,812
Consolidated Energy Finance SA
6.875%, 6/15/25 (b)		949		905,226
Elementia SAB de CV
5.50%, 1/15/25 (b)		469		431,480
First Quantum Minerals Ltd.
6.875%, 3/01/26 (b)		582		469,040
7.00%, 2/15/21 (b)		199		191,044
7.25%, 5/15/22-4/01/23 (b)		2,444		2,207,352
7.50%, 4/01/25 (b)		261		214,020
Stillwater Mining Co.
6.125%, 6/27/22 (b)		924		855,234
7.125%, 6/27/25 (b)		354		326,775
Vedanta Resources PLC
6.375%, 7/30/22 (b)		2,182		1,950,163

				8,618,146

Capital Goods - 0.2%
CIMPOR Financial Operations BV
5.75%, 7/17/24 (b)		1,491		1,235,666
Odebrecht Finance Ltd.
4.375%, 4/25/25 (b)(e)(f)		349		48,860
5.25%, 6/27/29 (b)(e)(f)		1,070		145,520
7.125%, 6/26/42 (b)(e)(f)		2,665		395,086

				1,825,132

Communications - Telecommunications - 0.4%
Comunicaciones Celulares SA Via Comcel Trust
6.875%, 2/06/24 (b)		986		1,006,952
Digicel Group Ltd.
7.125%, 4/01/22 (b)		448		198,862
8.25%, 9/30/20 (b)		587		398,093
Digicel Ltd.
6.00%, 4/15/21 (b)		1,356		1,222,095
Millicom International Cellular SA
5.125%, 1/15/28 (b)		479		429,481
6.625%, 10/15/26 (b)		615		624,357
MTN Mauritius Investments Ltd.
6.50%, 10/13/26 (b)		780		760,500

				4,640,340

Consumer Cyclical - Other - 0.2%
Servicios Corporativos Javer SAB de CV
9.875%, 4/06/21 (b)		491		486,704
Studio City Co., Ltd.
5.875%, 11/30/19 (b)		737		744,370


	Principal Amount (000)		U.S. $ Value
Wynn Macau Ltd.
4.875%, 10/01/24 (b)	U.S.$	286	$	258,572
5.50%, 10/01/27 (b)		747		659,561

				2,149,207

Consumer Cyclical - Retailers - 0.1%
K2016470219 South Africa Ltd.
3.00%, 12/31/22 (g)(h)(j)		977		98
K2016470260 South Africa Ltd.
25.00%, 12/31/22 (g)(h)(j)		300		90,153
Prime Bloom Holdings Ltd.
7.50%, 12/19/19 (b)		560		522,589

				612,840

Consumer Non-Cyclical - 0.9%
BRF GmbH
4.35%, 9/29/26 (b)		339		292,461
Central American Bottling Corp.
5.75%, 1/31/27 (b)		928		904,800
Cosan Ltd.
5.95%, 9/20/24 (b)		430		422,807
MARB BondCo PLC
6.875%, 1/19/25 (b)		1,430		1,326,391
Marfrig Holdings Europe BV
8.00%, 6/08/23 (b)		1,220		1,220,000
Minerva Luxembourg SA
5.875%, 1/19/28 (b)		200		174,145
6.50%, 9/20/26 (b)		1,098		1,019,767
Natura Cosmeticos SA
5.375%, 2/01/23 (b)		817		818,879
Rede D’or Finance SARL
4.95%, 1/17/28 (b)		576		508,042
Teva Pharmaceutical Finance Netherlands II BV
1.25%, 3/31/23 (b)	EUR	247		256,412
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 7/21/23	U.S.$	375		321,562
3.15%, 10/01/26		1,123		861,902
6.00%, 4/15/24		315		302,206
6.75%, 3/01/28		315		304,763
Tonon Luxembourg SA
7.25%, 1/24/20 (e)(f)(g)(h)(j)		1,626		37,694
USJ Acucar e Alcool SA
9.875% (9.875% Cash or 12.00% PIK), 11/09/21 (b)(h)		604		438,353
Virgolino de Oliveira Finance SA
10.50%, 1/28/18 (e)(g)(i)(j)		4,090		250,786
10.875%, 1/13/20 (e)(f)(j)		480		132,000
11.75%, 2/09/22 (e)(f)(j)		1,620		48,600

				9,641,570


	Principal Amount (000)		U.S. $ Value
Energy - 0.6%
Azure Power Energy Ltd.
5.50%, 11/03/22 (b)		U.S.$ 788	$	739,735
CHC Group LLC/CHC Finance Ltd.
Series AI
Zero Coupon, 10/01/20 (k)		2,948		2,505,979
Cosan Luxembourg SA
7.00%, 1/20/27 (b)		201		202,583
Medco Platinum Road Pte Ltd.
6.75%, 1/30/25 (b)		860		734,225
Petrobras Global Finance BV
6.125%, 1/17/22		33		33,776
6.25%, 3/17/24		2,143		2,173,002
YPF SA
16.50%, 5/09/22 (b)		ARS 17,395		298,666

				6,687,966

Technology - 0.1%
IHS Netherlands Holdco BV
9.50%, 10/27/21 (b)		U.S.$ 600		603,750

Transportation - Airlines - 0.0%
Guanay Finance Ltd.
6.00%, 12/15/20 (b)		294		294,344

Transportation - Services - 0.1%
Rumo Luxembourg SARL
7.375%, 2/09/24 (b)		1,678		1,743,023

				36,816,318

Financial Institutions - 0.5%
Banking - 0.4%
Akbank T.A.S.
5.00%, 10/24/22 (b)		383		358,105
Akbank Turk AS
7.20%, 3/16/27 (b)		398		349,245
Fidelity Bank PLC
10.50%, 10/16/22 (b)		1,100		1,099,101
Turkiye Garanti Bankasi AS
5.875%, 3/16/23 (b)		624		588,120
Turkiye Vakiflar Bankasi TAO
5.50%, 10/27/21 (b)		807		737,396
5.75%, 1/30/23 (b)		1,146		1,008,480
Yapi ve Kredi Bankasi AS
5.125%, 10/22/19 (b)		620		602,175

				4,742,622

Finance - 0.1%
Unifin Financiera SAB de CV SOFOM ENR
7.00%, 1/15/25 (b)		575		491,625


	Principal Amount (000)		U.S. $ Value
Insurance - 0.0%
Ambac LSNI LLC
7.803% (LIBOR 3 Month + 5.00%), 2/12/23 (b)(g)(m)	U.S.$	63	$	63,458

				5,297,705

Utility - 0.3%
Electric - 0.3%
Cemig Geracao e Transmissao SA
9.25%, 12/05/24 (b)		958		1,016,678
Genneia SA
8.75%, 1/20/22 (b)		753		678,641
Light Servicos de Eletricidade SA/Light Energia SA
7.25%, 5/03/23 (b)		769		735,356
Pampa Energia SA
7.50%, 1/24/27 (b)		353		295,196
Terraform Global Operating LLC
6.125%, 3/01/26 (b)		292		270,086

				2,995,957

Total Emerging Markets - Corporate Bonds (cost $55,998,364)				45,109,980

BANK LOANS - 3.8%
Industrial - 3.8%
Basic - 0.0%
Foresight Energy LLC
8.277% (LIBOR 3 Month + 5.75%), 3/28/22 (r)		498		486,745

Capital Goods - 0.5%
Accudyne Industries Borrower S.C.A. / Accudyne Industries, LLC (fka Silver II US Holdings, LLC)
5.522% (LIBOR 1 Month + 3.00%), 8/18/24 (r)		673		636,645
Apex Tool Group, LLC
6.272% (LIBOR 1 Month + 3.75%), 2/01/22 (r)		2,334		2,245,000
Brookfield WEC Holdings Inc. (fka Westinghouse Electric Company LLC)
6.272% (LIBOR 1 Month + 3.75%), 8/01/25 (r)		883		853,094
9.272% (LIBOR 1 Month + 6.75%), 8/03/26 (r)		307		299,464
Gardner Denver, Inc.
5.272% (LIBOR 1 Month + 2.75%), 7/30/24 (r)		729		701,934
Transdigm Inc.
5.022% (LIBOR 1 Month + 2.50%), 6/09/23 (r)		356		335,432
Welbilt, Inc. (fka Manitowoc Foodservice, Inc.)
5.022% (LIBOR 1 Month + 2.50%), 10/23/25 (r)		110		104,146

				5,175,715


	Principal Amount (000)		U.S. $ Value
Communications - Telecommunications - 0.1%
Intelsat Jackson Holdings S.A.
6.625%, 1/02/24	U.S.$	115	$	113,286
7.01% (LIBOR 1 Month + 4.50%), 1/02/24 (r)		69		68,131
West Corporation
6.527% (LIBOR 3 Month + 4.00%), 10/10/24 (r)		1,121		1,026,808

				1,208,225

Consumer Cyclical - Automotive - 0.0%
Navistar, Inc.
5.890% (LIBOR 1 Month + 3.50%), 11/06/24 (g)(r)		352		338,917

Consumer Cyclical - Entertainment - 0.1%
Seaworld Parks & Entertainment, Inc. (fka SW Acquisitions Co., Inc.)
5.522% (LIBOR 1 Month + 3.00%), 4/01/24 (r)		971		925,261

Consumer Cyclical - Other - 0.2%
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC)
5.272% (LIBOR 1 Month + 2.75%), 12/23/24 (r)		1,416		1,357,133
Scientific Games International, Inc.
5.245% (LIBOR 2 Month + 2.75%), 8/14/24 (r)		708		663,002
5.272% (LIBOR 2 Month + 2.75%), 8/14/24 (r)		169		158,648
Stars Group Holdings B.V.
6.303% (LIBOR 3 Month + 3.50%), 7/10/25 (r)		310		298,742

				2,477,525

Consumer Cyclical - Restaurants - 0.0%
IRB Holding Corp. (fka Arby’s/Buffalo Wild Wings)
5.682% (LIBOR 1 Month + 3.25%), 2/05/25 (r)		250		237,701

Consumer Cyclical - Retailers - 0.3%
Serta Simmons Bedding, LLC
10.432% (LIBOR 1 Month + 8.00%), 11/08/24 (r)		2,195		1,551,041
Specialty Building Products Holdings, LLC
8.272% (LIBOR 1 Month + 5.75%), 10/01/25 (g)(r)		1,188		1,146,836

				2,697,877


	Principal Amount (000)		U.S. $ Value
Consumer Non-Cyclical - 1.1%
Acadia Healthcare Company, Inc.
5.022% (LIBOR 1 Month + 2.50%), 2/16/23 (r)	U.S.$	459	$	441,818
Air Medical Group Holdings, Inc.
5.682% (LIBOR 1 Month + 3.25%), 4/28/22 (r)		1,213		1,129,973
6.754% (LIBOR 1 Month + 4.25%), 3/14/25 (r)		926		858,650
Alphabet Holding Company, Inc. (fka Nature’s Bounty)
10.272% (LIBOR 1 Month + 7.75%), 9/26/25 (r)		2,066		1,694,484
Arbor Pharmaceuticals, LLC
7.803% (LIBOR 3 Month + 5.00%), 7/05/23 (g)(r)		1,181		1,051,312
BI-LO, LLC
10.444% (LIBOR 3 Month + 8.00%), 5/31/24 (r)		1,314		1,252,375
10.616% (LIBOR 3 Month + 8.00%), 5/31/24 (r)		1,314		1,252,375
10.779% (LIBOR 3 Month + 8.00%), 5/31/24 (r)		1,253		1,194,648
Mallinckrodt International Finance S.A.
5.553% (LIBOR 3 Month + 2.75%), 9/24/24 (r)		984		899,910
Owens & Minor, Inc.
6.849% (LIBOR 1 Month + 4.50%), 4/30/25 (r)		1,109		848,243
Regionalcare Hospital Partners Holdings, Inc.
11/16/25 (s)		1,044		987,885
Vizient, Inc.
5.272% (LIBOR 1 Month + 2.75%), 2/13/23 (r)		158		153,443

				11,765,116

Energy - 0.4%
California Resources Corporation
12.897% (LIBOR 1 Month + 10.38%), 12/31/21 (g)(r)		2,088		2,040,822
Triton Solar US Acquisition Co.
8.509% (LIBOR 3 Month + 6.00%), 10/31/24 (g)(r)		2,389		2,210,227

				4,251,049


	Principal Amount (000)		U.S. $ Value
Other Industrial - 0.2%
American Tire Distributors, Inc.
6.636% (LIBOR 3 Month + 4.25%), 9/01/21 (r)	U.S.$	574	$	466,126
11.250% (LIBOR 3 Month + 8.75%), 9/01/21 (g)(r)		369		367,068
HD Supply Waterworks, LTD.
5.706% (LIBOR 3 Month + 3.00%), 8/01/24 (r)		106		101,905
5.738% (LIBOR 3 Month + 3.00%), 8/01/24 (r)		94		90,302
Travelport Finance (Luxembourg) SARL
5.116% (LIBOR 3 Month + 2.50%), 3/17/25 (r)		892		874,999

				1,900,400

Services - 0.5%
Financial & Risk US Holdings, Inc. (fka Refinitiv)
6.272% (LIBOR 1 Month + 3.75%), 10/01/25 (g)(r)		390		370,500
Monitronics International, Inc.
8.303% (LIBOR 3 Month + 5.50%), 9/30/22 (r)		990		875,141
Pi Lux Finco SARL
9.772% (LIBOR 1 Month + 7.25%, 1/01/26 (g)(r)		3,100		2,972,125
Verscend Holding Corp.
7.022% (LIBOR 1 Month + 4.50%), 8/27/25 (r)		773		745,802

				4,963,568

Technology - 0.4%
Boxer Parent Company Inc. (fka BMC Software, Inc.)
7.053% (LIBOR 3 Month + 4.25%), 10/02/25 (r)		1,000		962,190
Solera, LLC (Solera Finance, Inc.)
5.272% (LIBOR 1 Month + 2.75%), 3/03/23 (r)		2,563		2,410,400
Veritas US Inc.
7.022% (LIBOR 3 Month + 4.50%), 1/27/23 (r)(s)		450		382,555
7.303% (LIBOR 3 Month + 4.50%), 1/27/23 (r)(s)		148		125,417

				3,880,562

Total Bank Loans (cost $42,894,125)				40,308,661


	Shares
INVESTMENT COMPANIES - 2.1%
Funds and Investment Trusts - 2.1%^(t)
iShares Core S&P Mid-Cap ETF		103,287		17,151,839


Company	Shares		U.S. $ Value
iShares JP Morgan USD Emerging Markets Bond ETF		49,000	$	5,091,590

Total Investment Companies (cost $26,147,932)				22,243,429

	Principal Amount (000)
COMMERCIAL MORTGAGE-BACKED SECURITIES - 2.1%
Non-Agency Fixed Rate CMBS - 1.9%
225 Liberty Street Trust
Series 2016-225L, Class E
4.649%, 2/10/36 (b)(g)	U.S.$	974		935,477
CGBAM Commercial Mortgage Trust
Series 2015-SMRT, Class F
3.786%, 4/10/28 (b)(g)		270		267,969
Citigroup Commercial Mortgage Trust
Series 2013-GC11, Class XA
1.399%, 4/10/46 (u)		1,445		70,137
Series 2013-GC17, Class D
5.134%, 11/10/46 (b)(g)		902		884,440
Series 2014-GC23, Class D
4.505%, 7/10/47 (b)(g)		856		763,832
Commercial Mortgage Trust
Series 2012-CR1, Class XA
1.868%, 5/15/45 (u)		1,770		92,333
Series 2012-CR3, Class XA
1.872%, 10/15/45 (u)		7,786		446,555
Series 2012-CR5, Class XA
1.547%, 12/10/45 (u)		1,878		94,186
Series 2013-LC6, Class D
4.263%, 1/10/46 (b)(g)		3,916		3,783,706
Series 2014-CR15, Class XA
1.075%, 2/10/47 (u)		2,059		66,466
Series 2014-CR20, Class XA
1.124%, 11/10/47 (u)		11,178		501,990
GS Mortgage Securities Corp. II
Series 2013-GC10, Class XA
1.518%, 2/10/46 (u)		860		44,096
GS Mortgage Securities Trust
Series 2012-GC6, Class D
5.652%, 1/10/45 (b)(g)		1,765		1,747,535
Series 2012-GCJ9, Class D
4.747%, 11/10/45 (b)(g)		700		687,309
JPMBB Commercial Mortgage Securities Trust
Series 2015-C32, Class C
4.667%, 11/15/48 (g)		825		810,854
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2012-C6, Class XA
1.622%, 11/15/45 (b)(u)		6,300		310,939
UBS-Barclays Commercial Mortgage Trust
Series 2012-C4, Class XA
1.64%, 12/10/45 (b)(u)		831		41,158


	Principal Amount (000)		U.S. $ Value
WF-RBS Commercial Mortgage Trust
Series 2011-C4, Class D
5.231%, 6/15/44 (b)(g)	U.S.$	1,022	$	1,007,375
Series 2012-C6, Class D
5.582%, 4/15/45 (b)(g)		2,450		2,454,208
Series 2012-C7, Class XA
1.405%, 6/15/45 (b)(u)		1,384		50,279
Series 2012-C8, Class E
4.893%, 8/15/45 (b)(g)		3,766		3,679,339
Series 2012-C10, Class XA
1.565%, 12/15/45 (b)(u)		3,235		163,676
Series 2014-C25, Class D
3.803%, 11/15/47 (b)(g)		1,807		1,549,546

				20,453,405

Non-Agency Floating Rate CMBS - 0.2%
CLNS Trust
Series 2017-IKPR, Class F
6.90% (LIBOR 1 Month + 4.50%), 6/11/32 (b)(g)(m)		956		943,736
DBWF Mortgage Trust
Series 2018-GLKS, Class E
5.398% (LIBOR 1 Month + 3.02%), 11/19/35 (b)(g)(m)		838		833,794

				1,777,530

Total Commercial Mortgage-Backed Securities (cost $22,018,206)				22,230,935

	Shares
COMMON STOCKS - 1.9%
Energy - 1.0%
Energy Equipment & Services - 0.5%
Tervita Corp. (e)		1,170,571		5,384,695

Oil, Gas & Consumable Fuels - 0.5%
Berry Petroleum Corp.		167,780		1,468,075
CHC Group LLC (e)(k)		51,655		206,620
Denbury Resources, Inc. (e)		59,554		101,837
Golden Energy Offshore Services AS (c)(e)		916,212		656,973
K201640219 (South Africa) Ltd. A Shares (c)(d)(e)(g)		12,695,187		13
K201640219 (South Africa) Ltd. B Shares (c)(d)(e)(g)		2,009,762		2
Oasis Petroleum, Inc. (e)		14,457		79,947
Paragon Offshore Ltd. - Class A (c)(e)(g)		11,814		10,337
Paragon Offshore Ltd. - Class B (c)(e)(g)		17,721		602,514
Peabody Energy Corp.		12,408		378,196
Roan Resources, Inc. (e)		674		5,648
Vantage Drilling International (c)(e)(g)		6,103		1,586,780


Company	Shares		U.S. $ Value
Whiting Petroleum Corp. (e)		8,408	$	190,778

				5,287,720

				10,672,415

Financials - 0.3%
Consumer Finance - 0.0%
Paysafe (c)(d)(e)(g)		3,960		61,697

Insurance - 0.3%
Mt. Logan Re Ltd. (Preference Shares) (e)(g)(k)		2,953		2,924,425

				2,986,122

Real Estate - 0.2%
Equity Real Estate Investment Trusts (REITs) - 0.2%
Calibrate Real Estate Fund (c)(d)(e)(g)		7,364		2,231,498

Consumer Discretionary - 0.1%
Auto Components - 0.0%
Exide Technologies (d)(e)(g)(k)		74,438		18,609

Automobiles - 0.1%
Liberty Tire Recycling LLC (c)(d)(e)(g)		7,822		625,464

Diversified Consumer Services - 0.0%
Laureate Education, Inc. - Class A (e)		31,492		479,938

Hotels, Restaurants & Leisure - 0.0%
Caesars Entertainment Corp. (e)		25,004		169,777

Internet & Direct Marketing Retail - 0.0%
Travelport Worldwide Ltd.		12,740		198,999

				1,492,787

Consumer Staples - 0.1%
Food & Staples Retailing - 0.1%
Southeastern Grocers, Inc. Npv (c)(d)(e)(g)		38,084		1,275,814

Information Technology - 0.1%
IT Services - 0.0%
Goodman Networks, Inc. (c)(d)(e)(g)		41,792		0

Software - 0.1%
Avaya Holdings Corp. (e)		72,599		1,057,041

				1,057,041

Materials - 0.1%
Metals & Mining - 0.1%
BIS Industries Holdings Ltd. (c)(d)(e)(g)		838,296		838
Constellium NV - Class A (e)		92,259		644,891
Neenah Enterprises, Inc. (c)(d)(e)(g)		58,200		27,936

				673,665


Company	Shares		U.S. $ Value
Industrials - 0.0%
Building Products - 0.0%
New Cotai LLC/New Cotai Capital Corp. (c)(d)(e)(g)		3	$	0
Construction & Engineering - 0.0%
Willscot Corp. (c)(d)		18,809		177,181

				177,181

Total Common Stocks (cost $27,219,107)				20,566,523


	Principal Amount (000)
ASSET-BACKED SECURITIES - 1.4%
Other ABS-Fixed Rate - 1.0%
Atlas Ltd.
Series 2014-1, Class B
6.875%, 1/15/21 (c)(d)(g)	U.S.$	952		894,888
Consumer Loan Underlying Bond Certificate Issuer Trust I
Series 2018-7, Class PT
8.52%, 6/15/43 (b)(g)		1,142		1,144,222
Consumer Loan Underlying Bond Club Certificate Issuer Trust I
Series 2018-4, Class PT
8.47%, 5/15/43 (g)(j)		1,031		1,037,135
Series 2018-12, Class PT
10.84%, 6/15/43 (b)(g)		693		695,806
Consumer Loan Underlying Bond Credit Trust
Series 2018-3, Class PT
8.42%, 3/16/43 (g)(j)		250		252,040
Marlette Funding Trust
Series 2018-3A, Class C
4.63%, 9/15/28 (b)(g)		1,350		1,352,765
SoFi Consumer Loan Program LLC
Series 2016-1, Class R
Zero Coupon, 8/25/25 (d)(g)(j)		2,321		604,231
Series 2017-3, Class R
Zero Coupon, 5/25/26 (d)(g)(j)		10		602,300
Series 2017-5, Class R1
Zero Coupon, 9/25/26 (d)(g)(j)		12		709,901
Series 2017-6, Class R1
Zero Coupon, 11/25/26 (d)(g)(j)		13		937,177
SoFi Consumer Loan Program Trust
Series 2018-1, Class R1
Zero Coupon, 2/25/27 (d)(g)(j)		16		1,330,863
Taco Bell Funding LLC
Series 2016-1A, Class A23
4.97%, 5/25/46 (b)(g)		789		810,677

				10,372,005


	Principal Amount (000)		U.S. $ Value
Home Equity Loans - Fixed Rate - 0.3%
CSAB Mortgage-Backed Trust
Series 2006-2, Class A6A
5.72%, 9/25/36 (g)	U.S.$	712	$	387,585
CWABS Asset-Backed Certificates Trust
Series 2005-7, Class AF5W
5.054%, 10/25/35 (g)		895		887,025
GSAA Home Equity Trust
Series 2005-12, Class AF5
5.659%, 9/25/35 (g)		1,138		969,304
Series 2006-6, Class AF4
6.121%, 3/25/36 (g)		1,576		729,575
Series 2006-6, Class AF5
6.241%, 3/25/36 (g)		584		270,260
Series 2006-10, Class AF3
5.985%, 6/25/36 (g)		1,123		515,336
Lehman XS Trust
Series 2007-6, Class 3A5
4.727%, 5/25/37 (g)		152		148,396

				3,907,481

Autos - Fixed Rate - 0.1%
CPS Auto Trust
Series 2018-C, Class D
4.40%, 6/17/24 (b)		1,050		1,064,444

Total Asset-Backed Securities (cost $18,257,841)				15,343,930

LOCAL GOVERNMENTS - US MUNICIPAL BONDS - 0.5%
United States - 0.5%
California - 0.3%
State of California
Series 2010
7.60%, 11/01/40		750		1,092,158
7.95%, 3/01/36		1,915		2,021,780

				3,113,938

Illinois - 0.2%
State of Illinois
Series 2010
7.35%, 7/01/35		1,915		2,122,643

Total Local Governments-US Municipal Bonds (cost $4,597,477)				5,236,581

GOVERNMENTS - SOVEREIGN BONDS - 0.3%
United Arab Emirates - 0.3%
Emirate of Dubai Government International Bonds
7.75%, 10/05/20 (b)
(cost $3,319,046)		3,310		3,541,700


Company	Shares		U.S. $ Value
PREFERRED STOCKS - 0.3%
Financial Institutions - 0.3%
Banking - 0.2%
GMAC Capital Trust I
Series 2 8.401%		16,325	$	413,839
Paysafe Holdings UK Ltd.
0.00% (c)(d)(e)(g)		1,062,845		1,062,845

				1,476,684

Insurance - 0.1%
Hartford Financial Services Group, Inc. (The)
7.875%		45,050		1,232,118

REITS - 0.0%
Hersha Hospitality Trust
Series C 6.875%		15,950		350,225

				3,059,027

Utility - 0.0%
Electric - 0.0%
SCE Trust III
Series H
5.75%		11,025		255,118

Industrial - 0.0%
Technology - 0.0%
Goodman Networks, Inc.
0.00% (c)(d)(e)(g)		49,723		0

Total Preferred Stocks (cost $3,298,531)				3,314,145


	Principal Amount (000)
INFLATION-LINKED SECURITIES - 0.3%
Colombia - 0.3%
Fideicomiso PA Concesion Ruta al Mar
6.75%, 2/15/44 (b)	COP	1,437,090		437,000
Fideicomiso PA Costera
6.25%, 1/15/34 (b)		1,230,800		381,915
Fideicomiso PA Pacifico Tres
7.00%, 1/15/35 (g)(j)		6,642,880		2,147,814

Total Inflation-Linked Securities (cost $2,820,541)				2,966,729

LOCAL GOVERNMENTS - REGIONAL BONDS - 0.3%
Argentina - 0.3%
Provincia de Buenos Aires/Argentina
5.75%, 6/15/19 (b)	U.S.$	1,010		1,004,950
7.875%, 6/15/27 (b)		843		605,969
49.22% (BADLAR + 3.83%), 5/31/22 (m)	ARS	26,500		626,043
Provincia de Cordoba
7.125%, 6/10/21 (b)	U.S.$	393		348,788


	Principal Amount (000)		U.S. $ Value
7.45%, 9/01/24 (b)	U.S.$	313	$	255,878

Total Local Governments - Regional Bonds (cost $4,043,224)				2,841,628

QUASI-SOVEREIGNS - 0.2%
Quasi-Sovereign Bonds - 0.2%
Indonesia - 0.0%
Indonesia Asahan Aluminium Persero PT
5.71%, 11/15/23 (b)		224		227,920

Kazakhstan - 0.1%
KazMunayGas National Co. JSC
5.375%, 4/24/30 (b)		660		650,122
6.375%, 10/24/48 (b)		396		398,969

				1,049,091

Mexico - 0.0%
Petroleos Mexicanos
6.50%, 1/23/29		318		295,867

Turkey - 0.1%
Export Credit Bank of Turkey
4.25%, 9/18/22 (b)		507		458,201
TC Ziraat Bankasi AS
4.25%, 7/03/19 (b)		314		310,075

				768,276

Total Quasi-Sovereigns (cost $2,341,409)				2,341,154


	Notional Amount
OPTIONS PURCHASED - CALLS - 0.2%
Options on Forward Contracts - 0.2%
GBP/USD
Expiration: Jan 2019; Contracts: 7,875,000; Exercise Price: GBP 0.75; Counterparty: Citibank, NA (e)	GBP	7,875,000		2,891
GBP/USD
Expiration: Jan 2019; Contracts: 8,600,000; Exercise Price: GBP 0.75; Counterparty: Natwest Markets PLC (e)	GBP	8,600,000		3,157
TRY/EUR
Expiration: Jan 2019; Contracts: 64,611,750; Exercise Price: TRY 6.51; Counterparty: Deutsche Bank AG (e)	TRY	64,611,750		746,920
TRY/USD
Expiration: Jan 2019; Contracts: 66,903,500; Exercise Price: TRY 5.78; Counterparty: Barclays Bank PLC (e)	TRY	66,903,500		987,037

				1,740,005


	Notional Amount		U.S. $ Value
Swaptions - 0.0%
CDX-NAHY Series 31, 5 Year Index
Expiration: Jan 2019; Contracts: 16,210,000; Exercise Rate: 1.06%; Counterparty: Credit Suisse International (e)	USD	16,210,000	$	5,652

Total Options Purchased - Calls (premiums paid $749,056)				1,745,657


	Principal Amount (000)
COLLATERALIZED LOAN OBLIGATIONS - 0.1%
CLO - Floating Rate - 0.1%
Dryden Clo Ltd.
Series 2018-57A, Class E
7.814% (LIBOR 3 Month + 5.20%), 5/15/31 (b)(g)(m)	U.S.$	275		239,640
Dryden Senior Loan Fund
Series 2017-49A, Class E
8.749% (LIBOR 3 Month + 6.30%), 7/18/30 (b)(g)(m)		417		393,627
OZLM Ltd.
Series 2018-22A, Class D
7.749% (LIBOR 3 Month + 5.30%), 1/17/31 (b)(g)(m)		349		307,240

Total Collateralized Loan Obligations (cost $1,037,262)				940,507

WHOLE LOAN TRUSTS - 0.1%
Performing Asset - 0.1%
Flexpath Wh I LLC
Series B
11.00%, 4/01/21 (c)(d)(g)		166		24,834
Series B2
11.00%, 1/01/22 (c)(d)(g)		224		30,859
Series B3
11.00%, 9/01/22 (c)(d)(g)		80		16,478
Sheridan Auto Loan Holdings I LLC
10.00%, 12/31/20-9/30/21 (c)(d)(g)		1,206		406,270

Total Whole Loan Trusts (cost $1,618,169)				478,441


	Notional Amount
OPTIONS PURCHASED - PUTS - 0.0%
Options on Forward Contracts - 0.0%
AUD/USD
Expiration: Jun 2019; Contracts: 28,100,000; Exercise Price: AUD 1.45; Counterparty: Morgan Stanley Capital Services LLC (e)	AUD	28,100,000		367,285


	Notional Amount			U.S. $ Value
CNH/USD
Expiration: Jan 2019; Contracts: 293,758,500; Exercise Price: CNH 7.07; Counterparty: JPMorgan Chase Bank, NA (e)	CNH	293,758,500		$	4,191

					371,476

Swaptions - 0.0%
IRS Swaption
Expiration: Jan 2019; Contracts: 17,523,000; Exercise Rate: 3.29%; Counterparty: Morgan Stanley Capital Services LLC (e)	USD	17,523,000			958

Total Options Purchased - Puts (premiums paid $629,470)					372,434


	Shares
WARRANTS - 0.0%
Avaya Holdings Corp., expiring 12/15/22 (e)		53,489			5
Encore Automotive Acceptance, expiring 7/05/31 (c)(d)(e)(g)		8			0
Flexpath Capital, Inc., expiring 4/15/31 (c)(d)(e)(g)		10,974			0
Liberty Tire Recycling LLC, expiring 6/26/19 (c)(d)(e)(g)		392			78
Midstates Petroleum Co., Inc., expiring 4/21/20 (c)(e)		39,269			5,891
SandRidge Energy, Inc., A-CW22, expiring 10/03/22 (e)		46,951			3,287
SandRidge Energy, Inc., B-CW22, expiring 10/03/22 (e)		19,772			1,977
Willscot Corp., expiring 11/29/22 (c)(d)(e)(g)		29,123			34,074

Total Warrants (cost $640,558)					45,312

RIGHTS - 0.0%
Vistra Energy Corp., expiring 12/31/49 (e)(g) (cost $0)		10,721			7,612

SHORT-TERM INVESTMENTS - 4.6%
Investment Companies - 3.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.31% (t)(v)(w) (cost $39,687,987)		39,687,987			39,687,987


	Principal Amount (000)
Time Deposits - 0.9%
BBH Grand Cayman
(0.57)%, 1/02/19	EUR	2,454			2,811,659
0.24%, 1/02/19	NOK	0	**		1
0.37%, 1/02/19	GBP	99			125,878


	Principal Amount (000)			U.S. $ Value
0.51%, 1/02/19	SGD	0	**	$	17
0.84%, 1/02/19	CAD	0	**		1
1.52%, 1/02/19	HKD	0	**		12
4.84%, 1/02/19	ZAR	12,447			865,151
BNP Paribas, Paris
1.77%, 1/02/19	U.S.$	5,372			5,372,289

Total Time Deposits (cost $9,165,069)					9,175,008

Total Short-Term Investments (cost $48,853,056)					48,862,995

Total Investments - 100.8% (cost $1,156,890,327) (x)					1,076,451,561
Other assets less liabilities - (0.8)%					(8,231,305	)

Net Assets - 100.0%				$	1,068,220,256

FUTURES


Description	Number of Contracts		Expiration Month		Notional (000)		Original Value		Value at December 31, 2018		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
U.S. 10 Yr Ultra Futures		150		March 2019	USD	15,000	$	18,930,734	$	19,511,720	$	580,986
U.S. Long Bond (CBT) Futures		35		March 2019	USD	3,500		4,879,758		5,110,000		230,242
U.S. T-Note 2 Yr (CBT) Futures		280		March 2019	USD	56,000		59,058,032		59,447,500		389,468
U.S. T-Note 10 Yr (CBT) Futures		594		March 2019	USD	59,400		71,189,758		72,477,281		1,287,523
Sold Contracts
S&P 500 E-Mini Futures		135		March 2019	USD	7		17,930,738		16,910,438		1,020,300
U.S. T-Note 5 Yr (CBT) Futures		510		March 2019	USD	51,000		57,493,313		58,490,625		(997,312	)

											$	2,511,207

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)		In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA	MXN	323,298		USD	15,895		1/25/19	$	(497,653	)
Bank of America, NA	PLN	10,775		USD	2,918		1/18/19		38,152
Bank of America, NA	USD	2,354		CHF	2,298		2/28/19		(4,419	)
Bank of America, NA	USD	2,354		CHF	2,298		2/26/19		(4,388	)
Barclays Bank PLC	IDR	13,970,832		USD	915		1/29/19		(51,340	)
Barclays Bank PLC	TRY	35,504		USD	5,734		1/15/19		(927,445	)
Barclays Bank PLC	TRY	54,433		USD	10,020		1/24/19		(135,970	)
Barclays Bank PLC	USD	6,598		CHF	6,279		2/28/19		(176,153	)
Barclays Bank PLC	USD	10,273		EUR	8,875		1/09/19		(99,544	)
Barclays Bank PLC	USD	11,017		TWD	337,769		3/14/19		97,008
Barclays Bank PLC	USD	5,009		KRW	5,550,430		2/20/19		(17,095	)
BNP Paribas SA	ZAR	77,647		USD	5,432		1/30/19		54,068
BNP Paribas SA	ZAR	46,911		USD	3,237		1/30/19		(12,756	)
BNP Paribas SA	CHF	2,260		USD	2,311		2/28/19		(265	)
BNP Paribas SA	USD	5,469		MXN	110,704		1/25/19		144,429
BNP Paribas SA	USD	3,397		JPY	382,253		2/15/19		102,919


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Brown Brothers Harriman & Co.		EUR	6,090		USD	7,041		1/09/19	$	60,233
Brown Brothers Harriman & Co.		CHF	3,714		USD	3,798		1/17/19		13,398
Brown Brothers Harriman & Co.		EUR	592		USD	675		1/09/19		(3,647	)
Brown Brothers Harriman & Co.		USD	157		EUR	136		1/09/19		(1,086	)
Brown Brothers Harriman & Co.		USD	265		EUR	233		1/09/19		1,166
Citibank, NA		COP	17,178,696		USD	5,397		1/25/19		113,456
Citibank, NA		UYU	40,137		USD	1,220		1/22/19		(18,027	)
Citibank, NA		CNH	13,346		USD	1,930		3/20/19		(12,665	)
Citibank, NA		GBP	2,756		USD	3,583		1/15/19		68,221
Citibank, NA		USD	2,533		EUR	2,211		1/09/19		2,154
Citibank, NA		USD	6,069		KRW	6,704,709		2/20/19		(39,034	)
Credit Suisse International		CNH	53,179		USD	7,687		1/09/19		(56,248	)
Credit Suisse International		CAD	16,198		USD	12,217		1/17/19		347,400
Credit Suisse International		TRY	27,769		USD	4,185		2/28/19		(902,643	)
Credit Suisse International		TRY	11,969		USD	2,050		2/26/19		(145,079	)
Credit Suisse International		CHF	7,925		USD	8,007		1/17/19		(66,633	)
Credit Suisse International		USD	2,333		CHF	2,271		2/28/19		(10,232	)
Credit Suisse International		USD	3,853		TRY	26,636		2/28/19		1,027,171
Credit Suisse International		USD	2,060		TRY	11,969		2/26/19		134,620
Credit Suisse International		USD	5,394		TRY	33,368		1/15/19		866,985
Credit Suisse International		USD	5,681		TRY	34,489		1/17/19		781,835
Credit Suisse International		USD	5,539		JPY	616,387		2/15/19		103,569
Deutsche Bank AG		INR	823,103		USD	11,356		3/18/19		(383,137	)
Deutsche Bank AG		TRY	33,574		EUR	4,905		1/17/19		(665,129	)
Deutsche Bank AG		USD	14,328		INR	1,022,382		3/18/19		253,534
Goldman Sachs Bank USA		JPY	1,806,450		USD	16,041		2/15/19		(496,802	)
Goldman Sachs Bank USA		ZAR	21,343		USD	1,520		1/30/19		41,776
Goldman Sachs Bank USA		CHF	12,714		USD	12,669		1/17/19		(283,375	)
Goldman Sachs Bank USA		GBP	5,077		USD	6,443		2/28/19		(46,259	)
Goldman Sachs Bank USA		NZD	1,736		USD	1,201		2/20/19		35,068
Goldman Sachs Bank USA		USD	1,204		NZD	1,741		2/20/19		(35,167	)
Goldman Sachs Bank USA		USD	7,015		ZAR	98,463		1/30/19		(195,154	)
Goldman Sachs Bank USA		USD	1,114		JPY	125,496		2/15/19		34,514
HSBC Bank USA		INR	166,694		USD	2,276		3/18/19		(101,820	)
HSBC Bank USA		LKR	136,187		USD	759		2/15/19		19,530
HSBC Bank USA		LKR	266,715		USD	1,479		2/22/19		33,019
HSBC Bank USA		USD	6,021		TWD	184,101		3/14/19		36,864
JPMorgan Chase Bank, NA		ARS	89,853		USD	2,228		1/09/19		(136,580	)
JPMorgan Chase Bank, NA		TRY	28,266		USD	4,181		2/28/19		(997,794	)
JPMorgan Chase Bank, NA		EUR	4,766		USD	5,423		1/09/19		(40,162	)
JPMorgan Chase Bank, NA		CHF	9,764		USD	9,759		1/17/19		(188,591	)
JPMorgan Chase Bank, NA		CHF	2,298		USD	2,352		2/26/19		2,718
JPMorgan Chase Bank, NA		USD	340		TRY	2,082		1/15/19		50,382
JPMorgan Chase Bank, NA		USD	3,583		GBP	2,756		1/15/19		(68,227	)
JPMorgan Chase Bank, NA		USD	5,187		TRY	28,492		1/24/19		129,270
JPMorgan Chase Bank, NA		USD	7,687		CNH	53,179		1/09/19		56,248
Morgan Stanley Capital Services LLC		RUB	349,152		USD	5,242		1/24/19		246,028
Morgan Stanley Capital Services LLC		BRL	109,573		USD	28,278		1/03/19		6,931
Morgan Stanley Capital Services LLC		BRL	109,573		USD	28,118		1/03/19		(153,759	)
Morgan Stanley Capital Services LLC		BRL	107,834		USD	27,383		2/04/19		(384,898	)
Morgan Stanley Capital Services LLC		NOK	12,984		USD	1,534		1/23/19		31,386
Morgan Stanley Capital Services LLC		USD	441		BRL	1,739		2/04/19		6,206
Morgan Stanley Capital Services LLC		USD	27,878		BRL	109,573		1/03/19		393,425
Morgan Stanley Capital Services LLC		USD	28,278		BRL	109,573		1/03/19		(6,931	)
Morgan Stanley Capital Services LLC		USD	9,452		AUD	12,800		6/28/19		(409,862	)


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Morgan Stanley Capital Services LLC		USD	2,175		SEK	19,588		1/23/19	$	39,035
Morgan Stanley Capital Services LLC		USD	10,405		NOK	88,041		1/23/19		(212,829	)
Royal Bank of Scotland PLC		MXN	41,147		USD	2,022		1/25/19		(63,792	)
Royal Bank of Scotland PLC		AUD	2,222		USD	1,621		2/20/19		54,904
Royal Bank of Scotland PLC		USD	2,208		CAD	2,999		1/17/19		(9,986	)
Royal Bank of Scotland PLC		USD	3,670		EUR	3,175		1/09/19		(29,831	)
Royal Bank of Scotland PLC		USD	736		SEK	6,625		1/23/19		13,003
Royal Bank of Scotland PLC		USD	13,084		AUD	17,931		2/20/19		(443,169	)
Royal Bank of Scotland PLC		USD	8,274		TWD	251,941		3/14/19		16,516
Royal Bank of Scotland PLC		USD	5,546		JPY	616,387		2/15/19		97,153
Royal Bank of Scotland PLC		USD	8,395		CLP	5,759,658		1/25/19		(90,771	)
Royal Bank of Scotland PLC		USD	5,453		KRW	6,089,991		2/20/19		23,502
Standard Chartered Bank		TWD	437,330		USD	14,344		3/14/19		(46,570	)
Standard Chartered Bank		EUR	4,908		USD	5,572		1/09/19		(53,458	)
Standard Chartered Bank		USD	5,541		KRW	6,176,561		2/20/19		13,555
UBS AG		ZAR	157,107		USD	11,024		1/30/19		141,799
UBS AG		EUR	44,578		USD	51,527		1/09/19		427,445
UBS AG		CAD	9,663		USD	7,320		1/17/19		238,563
UBS AG		USD	1,833		CAD	2,420		1/17/19		(59,741	)
UBS AG		USD	5,580		JPY	620,915		1/18/19		92,357
UBS AG		USD	5,242		KRW	5,848,258		2/20/19		17,200

									$	(2,277,401	)

CREDIT DEFAULT SWAPTIONS WRITTEN


Description	Counter- party		Buy/Sell Protection		Strike Rate			Expiration Month		Notional Amount (000)			Premiums Received		Market Value
Put
CDX-NAHY Series 31, 5 Year Index (y)		Credit Suisse International		Sell		1.00	%		Jan, 2019		USD	16,210	$	71,000	$	(44,112	)
CDX-NAHY Series 31, 5 Year Index (y)		Deutsche Bank AG		Sell		1.00			Jan, 2019		USD	5,515		23,163		(15,008	)
CDX-NAHY Series 31, 5 Year Index (y)		Deutsche Bank AG		Sell		1.00			Jan, 2019		USD	5,515		23,163		(15,008	)

													$	117,326	$	(74,128	)

INTEREST RATE SWAPTIONS WRITTEN


Description	Index		Counter- Party	Strike Rate			Expiration Date		Notional Amount (000)		Premiums Received		Market Value
Call
OTC - 1 Year Interest Rate Swap (y)		6 Month EURIBOR	Bank of America, NA		0.29	%		1/04/19	$	9,780	$	18,040	$	(50,135	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Citibank, NA		2.73			1/22/19		10,430		34,680		(82,316	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Deutsche Bank AG		2.83			1/11/19		7,660		34,470		(103,089	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Goldman Sachs International		2.74			1/22/19		10,320		33,798		(87,043	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Goldman Sachs International		2.80			1/17/19		10,510		33,107		(111,383	)
OTC - 1 Year Interest Rate Swap (y)		6 Month EURIBOR	JPMorgan Chase Bank, NA		0.30			1/03/19		8,770		15,923		(48,163	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	JPMorgan Chase Bank, NA		2.82			1/14/19		10,530		32,643		(120,904	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	JPMorgan Chase Bank, NA		2.88			1/07/19		10,580		35,337		(147,641	)
OTC - 1 Year Interest Rate Swap (y)		6 Month EURIBOR	Morgan Stanley Capital Services LLC		1.43			1/14/19		1,770		17,474		(26,266	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Morgan Stanley Capital Services LLC		2.80			1/10/19		7,700		34,650		(88,816	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Morgan Stanley Capital Services LLC		2.76			1/18/19		10,460		34,204		(93,256	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Morgan Stanley Capital Services LLC		2.94			1/29/19		17,523		60,454		(366,975	)
Put
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Bank of America, NA		2.96			1/10/19		2,380		33,677		(2,746	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Bank of America, NA		2.95			1/18/19		2,360		32,568		(7,875	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Barclays Bank PLC		2.97			1/11/19		2,370		32,588		(2,718	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Barclays Bank PLC		2.99			1/14/19		2,390		31,249		(2,913	)
OTC - 1 Year Interest Rate Swap (y)		3 Month LIBOR	Barclays Bank PLC		3.14			1/03/19		2,450		27,379		0


Description	Index	Counter- Party	Strike Rate			Expiration Date	Notional Amount (000)		Premiums Received		Market Value
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Barclays Bank PLC		2.92	%	1/22/19	$	2,320	$	32,828	$	(13,794	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Citibank, NA		2.99		1/17/19		2,380		31,654		(5,158	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Citibank, NA		2.92		1/22/19		2,350		32,959		(14,270	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Goldman Sachs International		3.08		1/04/19		2,700		32,670		(1	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Goldman Sachs International		3.01		1/14/19		2,380		31,416		(2,279	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	JPMorgan Chase Bank, NA		3.02		1/07/19		2,400		35,280		(277	)
OTC - 1 Year Interest Rate Swap (y)	3 Month LIBOR	Morgan Stanley Capital Services LLC		3.44		1/29/19		17,523		60,454		(333	)

									$	799,502	$	(1,378,351	)

CURRENCY OPTIONS WRITTEN


Description/ Counterparty	Exercise Price		Expiration Month	Contracts		Notional Amount (000)		Premiums Received		U.S. $ Value
Call
AUD vs. USD/ Morgan Stanley Capital Services LLC (y)	AUD	1.282	06/2019		28,100,000	AUD	28,100	$	291,731	$	(46,809	)
Put
BRL vs. USD/ Morgan Stanley Capital Services LLC (y)	BRL	4.170	02/2019		22,017,600	BRL	22,018		50,952		(30,472	)
INR vs. USD/ JPMorgan Chase Bank, NA (y)	INR	71.320	02/2019		381,562,000	INR	381,562		49,541		(28,130	)
MXN vs. USD/ Morgan Stanley Capital Services LLC (y)	MXN	23.820	02/2019		144,706,500	MXN	144,707		80,937		(2,555	)
SGD vs. CHF/ UBS AG (y)	SGD	1.550	06/2019		7,750,000	SGD	7,750		23,428		(12,186	)
TRY vs. CHF/ UBS AG (y)	TRY	5.900	02/2019		29,500,000	TRY	29,500		53,931		(77,923	)
TRY vs. EUR/ Deutsche Bank AG (y)	TRY	7.510	01/2019		74,536,750	TRY	74,537		198,832		(12,999	)
TRY vs. USD/ Barclays Bank PLC (y)	TRY	6.900	01/2019		79,867,500	TRY	79,868		258,933		(4,935	)

								$	1,008,285	$	(216,009	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS


Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Buy Contracts
CDX-NAHY Series 28, 5 Year Index, 6/20/22*		(5.00	)%		Quarterly		3.77	%		USD	13,417	$	(527,872	)	$	(798,932	)	$	271,060
CDX-NAHY Series 29, 5 Year Index, 12/20/22*		(5.00	)		Quarterly		4.03			USD	40,600		(1,410,092	)		(2,485,889	)		1,075,797
CDX-NAHY Series 30, 5 Year Index, 6/20/23*		(5.00	)		Quarterly		4.18			USD	17,700		(572,856	)		(1,061,887	)		489,031
iTraxx Europe Crossover Series 21, 5 Year Index, 6/20/19*		(5.00	)		Quarterly		0.58			EUR	3		(70	)		(66	)		(4	)
iTraxx Europe Crossover Series 27, 5 Year Index, 6/20/22*		(5.00	)		Quarterly		2.80			EUR	13,083		(1,095,620	)		(1,507,826	)		412,206
Sale Contracts
CDX-NAHY Series 28, 5 Year Index, 6/20/22*		5.00			Quarterly		3.77			USD	5		195			320			(125	)
CDX-NAHY Series 28, 5 Year Index, 6/20/22*		5.00			Quarterly		3.77			USD	13,417		527,872			866,473			(338,601	)
CDX-NAHY Series 29, 5 Year Index, 12/20/22*		5.00			Quarterly		4.03			USD	40,600		1,410,092			2,522,926			(1,112,834	)
CDX-NAHY Series 30, 5 Year Index, 6/20/23*		5.00			Quarterly		4.18			USD	17,700		572,856			858,008			(285,152	)
CDX-NAHY Series 31, 5 Year Index, 12/20/23*		5.00			Quarterly		4.50			USD	85,940		1,886,463			5,415,426			(3,528,963	)
iTraxx Europe Crossover Series 27, 5 Year Index, 6/20/22*		5.00			Quarterly		2.80			EUR	13,082		1,095,537			1,553,866			(458,329	)


Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation/ (Depreciation)
iTraxx Europe Crossover Series 30, 5 Year Index, 12/20/23*		5.00	%		Quarterly		3.55	%		EUR	41,019	$	3,044,088	$	4,329,071	$	(1,284,983	)

												$	4,930,593	$	9,691,490	$	(4,760,897	)

*	Termination date

CENTRALLY CLEARED INTEREST RATE SWAPS


				Rate Type
Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
	EUR 8,720		1/02/24	6 Month EURIBOR	0.196%	Semi-Annual/ Annual	$	(594	)	$	– 0	–	$	(594	)
	EUR 8,720		1/02/24	0.294%	6 Month EURIBOR	Annual/ Semi-Annual		(48,529	)		– 0	–		(48,529	)
	GBP 4,220		12/17/28	6 Month LIBOR	1.479%	Semi-Annual/ Semi-Annual		24,699			– 0	–		24,699
	GBP 4,220		12/17/28	1.600%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(86,651	)		– 0	–		(86,651	)
	EUR 1,850		12/18/48	6 Month EURIBOR	1.422%	Semi-Annual/ Annual		23,106			– 0	–		23,106
	EUR 1,850		12/18/48	1.530%	6 Month EURIBOR	Annual/ Semi-Annual		(81,749	)		– 0	–		(81,749	)

							$	(169,718	)	$	– 0	–	$	(169,718	)

CREDIT DEFAULT SWAPS


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Sale Contracts
Barclays Bank PLC
Brazilian Government International Bond, 4.250%, 1/07/25, 6/20/23*		1.00	%		Quarterly		1.88	%		USD	1,813	$	(66,227	)	$	(60,949	)	$	(5,278	)


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Brazilian Government International Bond, 4.250%, 1/07/25, 6/20/23*		1.00	%		Quarterly		1.88	%		USD	1,520	$	(55,524	)	$	(51,099	)	$	(4,425	)
CCO Holdings, LLC, 5.750%, 1/15/24, 6/20/19*		5.00			Quarterly		0.14			USD	828		20,274			8,708			11,566
Citibank, NA
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38			USD	454		(73,003	)		(52,158	)		(20,845	)
Credit Suisse International
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53			USD	5,000		(1,401,333	)		(795,433	)		(605,900	)
International Game Technology, 4.750%, 2/15/23, 6/20/22*		5.00			Quarterly		1.82			EUR	310		37,964			24,431			13,533
Deutsche Bank AG
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38			USD	258		(41,486	)		(29,284	)		(12,202	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38			USD	364		(58,562	)		(43,629	)		(14,933	)
Goldman Sachs Bank USA
Avis Budget Car Rental LLC, 5.250%, 3/15/25, 6/20/22*		5.00			Quarterly		2.86			USD	1,225		78,646			56,666			21,980
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	575		(63,167	)		(63,741	)		574
United States Steel Corp., 6.650%, 6/01/37, 12/20/21*		5.00			Quarterly		2.11			USD	700		57,592			(33,561	)		91,153


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Goldman Sachs International
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00	%		Monthly		15.53	%	USD	5,000	$	(1,401,333	)	$	(879,157	)	$	(522,176	)
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53		USD	5,000		(1,400,639	)		(839,486	)		(561,153	)
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53		USD	13,500		(3,783,600	)		(2,045,645	)		(1,737,955	)
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53		USD	10,000		(2,802,667	)		(1,517,331	)		(1,285,336	)
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53		USD	2,071		(580,352	)		(311,852	)		(268,500	)
CDX-CMBX.NA.BB Series 6, 5/11/63*		5.00			Monthly		15.53		USD	2,929		(820,981	)		(441,154	)		(379,827	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	371		(59,688	)		(32,030	)		(27,658	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	1,041		(167,393	)		(114,847	)		(52,546	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	530		(85,224	)		(58,083	)		(27,141	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	133		(21,386	)		(14,681	)		(6,705	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	2,158		(347,186	)		(190,674	)		(156,512	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	180		(28,959	)		(16,494	)		(12,465	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	360		(57,918	)		(33,599	)		(24,319	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	360		(57,918	)		(36,358	)		(21,560	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38		USD	719		(115,675	)		(79,368	)		(36,307	)


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00	%		Quarterly		3.59	%		USD	288	$	(31,638	)	$	(34,604	)	$	2,966
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	288		(31,638	)		(34,286	)		2,648
HSBC Bank USA
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	719		(78,986	)		(79,973	)		987
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	720		(79,096	)		(80,897	)		1,801
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	288		(31,638	)		(34,604	)		2,966
JPMorgan Chase Bank, NA
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.38			USD	12,000		(1,929,600	)		(1,409,467	)		(520,133	)
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	719		(78,986	)		(80,568	)		1,582
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	719		(78,986	)		(80,568	)		1,582
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	55		(6,042	)		(6,142	)		100
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.59			USD	736		(80,854	)		(82,196	)		1,342


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00	%		Quarterly		3.59	%	USD	1,473	$	(161,817	)	$	(164,555	)	$	2,738
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	109		(11,974	)		(12,177	)		203
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	109		(11,974	)		(12,273	)		299
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	1,472		(161,707	)		(165,747	)		4,040
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	55		(6,042	)		(6,681	)		639
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	736		(80,854	)		(89,408	)		8,554
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	287		(31,528	)		(32,461	)		933
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	288		(31,638	)		(32,801	)		1,163
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	431		(47,348	)		(51,627	)		4,279
Turkey International Bond, 11.875%, 1/15/30, 12/20/23*		1.00			Quarterly		3.59		USD	288		(31,638	)		(34,498	)		2,860


Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2018			Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00	%		Quarterly		3.5	9%		USD	288	$	(31,638	)	$	(34,604	)	$	2,966
Morgan Stanley & Co. International PLC
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.5	9		USD	720		(79,096	)		(80,628	)		1,532
Turkey International Bond, 11.875%, 1/15/30,12/20/23*		1.00			Quarterly		3.5	9		USD	722		(79,316	)		(90,784	)		11,468
Morgan Stanley Capital Services LLC
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.3	8		USD	1,188		(191,030	)		(127,603	)		(63,427	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.3	8		USD	1,272		(204,538	)		(142,277	)		(62,261	)
CDX-CMBX.NA.BBB- Series 6, 5/11/63*		3.00			Monthly		8.3	8		USD	10,000		(1,608,000	)		(113,197	)		(1,494,803	)
South Africa Government International Bond, 5.500%, 3/09/20, 6/20/23*		1.00			Quarterly		2.0	9		USD	2,640		(118,141	)		(64,195	)		(53,946	)
Weatherford International LLC, 4.500%, 4/15/22, 6/20/23*		1.00			Quarterly		30.5	7		USD	190		(98,650	)		(43,673	)		(54,977	)

												$	(18,710,138	)	$	(10,873,302	)	$	(7,836,836	)

*	Termination date

TOTAL RETURN SWAPS

Counterparty & Referenced Obligation

# of Shares
or Units

Rate Paid/
Received

Payment
Frequency

Notional
Amount
(000)

Maturity
Date

Unrealized
Appreciation/
(Depreciation)

Receive Total Return on Reference Obligation

JPMorgan Chase Bank, NA iBoxx $ Liquid High Yield Index

190,163

LIBOR

Quarterly

USD

51,130

3/20/19

(864,410

)

VARIANCE SWAPS


Swap Counterparty & Referenced Obligation	Volatility Strike Rate			Payment Frequency		Notional Amount (000)		Market Value			Upfront Premiums (Paid) Received			Unrealized Appreciation/ (Depreciation)
Buy Contracts
Deutsche Bank AG
AUD/JPY 1/14/20*		11.12	%		Maturity		AUD 154	$	33,813		$	– 0	–	$	33,813
AUD/JPY 3/03/20*		12.75			Maturity		AUD 78		(14,643	)		– 0	–		(14,643	)
AUD/JPY 4/16/20*		12.25			Maturity		AUD 187		(6,222	)		– 0	–		(6,222	)
AUD/JPY 5/7/20*		12.22			Maturity		AUD 116		(684	)		– 0	–		(684	)
Goldman Sachs Bank USA
AUD/JPY 3/10/20*		12.90			Maturity		AUD 36		(8,081	)		– 0	–		(8,081	)
AUD/JPY 3/11/20*		12.80			Maturity		AUD 42		(8,062	)		– 0	–		(8,062	)

								$	(3,879	)	$	– 0	–	$	(3,879	)

*	Termination date

REVERSE REPURCHASE AGREEMENTS


Broker	Principal Amount (000)		Currency	Interest Rate			Maturity			U.S. $ Value at December 31, 2018
Barclays Capital, Inc.†		741	USD		(6.75	)%*		– 0	–	$	739,629
Barclays Capital, Inc.†		217	EUR		(1.25	)%*		– 0	–		248,444
Barclays Capital, Inc.†		720	USD		0.13	%		– 0	–		720,031
Barclays Capital, Inc.†		604	USD		0.25	%		– 0	–		603,559
Barclays Capital, Inc.†		1,398	USD		1.00	%		– 0	–		1,397,861
Barclays Capital, Inc.†		112	USD		1.50	%		– 0	–		112,492
Barclays Capital, Inc.†		998	USD		2.00	%		– 0	–		998,694
Credit Suisse Securities (USA) LLC†		47	USD		(5.75	)%*		– 0	–		46,842
Credit Suisse Securities (USA) LLC†		479	EUR		(1.25	)%*		– 0	–		542,482
Credit Suisse Securities (USA) LLC†		328	EUR		(1.00	)%*		– 0	–		373,675
Credit Suisse Securities (USA) LLC†		1,285	EUR		(1.00	)%*		– 0	–		1,460,451
JPMorgan Chase Bank, NA†		834	EUR		(1.25	)%*		– 0	–		952,194
RBC Capital Markets†		512	USD		(1.75	)%*		– 0	–		511,030
RBC Capital Markets†		290	USD		(1.25	)%*		– 0	–		289,243
RBC Capital Markets†		1,054	USD		2.30	%		– 0	–		1,065,913

										$	10,062,540

†	The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on December 31, 2018.

*	Interest payment due from counterparty.

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements is as follows:

Overnight and
Continuous

Up to 30 Days

31-90 Days

Greater than
90 Days

Total

Corporates - Non-Investment Grade

10,062,540

– 0

–

– 0

–

– 0

–

10,062,540

**	Principal amount less than 500.

(a)

Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.

(b)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2018, the aggregate market value of these securities amounted to $397,950,417 or 37.3% of net assets.

(c)

Illiquid security.

(d)

Fair valued by the Adviser.

(e)

Non-income producing security.

(f)

Defaulted.

(g)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(h)

Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at December 31, 2018.

(i)

Defaulted matured security.

(j)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities, which represent 1.78% of net assets as of December 31, 2018, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities

Acquisition
Date

Cost

Market
Value

Percentage of
Net Assets

Aveta, Inc.

10.50%, 3/01/21

12/18/17

0.00

Bellemeade Re Ltd. Series 2015-1A, Class M2

6.806%, 7/25/25

7/27/15

278,404

279,361

0.03

Consumer Loan Underlying Bond Club Certificate Issuer Trust I Series 2018-4, Class PT

8.47%, 5/15/43

3/27/18

1,037,473

1,037,135

0.10

Consumer Loan Underlying Bond Credit Trust Series 2018-3, Class PT

8.42%, 3/16/43

3/07/18

251,656

252,040

0.02

Dominican Republic International Bond

16.00%, 7/10/20

12/08/10

3,756,644

2,973,126

0.28

Exide Technologies

7.00%, 4/30/25

4/30/15

4,705,700

2,691,645

0.25

Exide Technologies

11.00%, 4/30/22

4/30/15

4,149,461

3,559,920

0.33

Fideicomiso PA Pacifico Tres

7.00%, 1/15/35

3/04/16

1,951,407

2,147,814

0.20

K2016470219 South Africa Ltd.

3.00%, 12/31/22

1/31/17

1,187,030

0.00

K2016470260 South Africa Ltd.

25.00%, 12/31/22

1/31/17

297,044

90,153

0.01

Liberty Tire Recycling LLC

9.50%, 1/15/23

1/03/18

585,815

0.05

Magnetation LLC/Mag Finance Corp.

11.00%, 5/15/18

5/15/13

2,295,760

0.00

SoFi Consumer Loan Program LLC Series 2016-1, Class R

Zero Coupon, 8/25/25

7/28/17

745,713

604,231

0.06

SoFi Consumer Loan Program LLC Series 2017-3, Class R

Zero Coupon, 5/25/26

5/11/17

1,107,300

602,300

0.06

SoFi Consumer Loan Program LLC Series 2017-5, Class R1

Zero Coupon, 9/25/26

9/18/17

1,313,468

709,901

0.07

SoFi Consumer Loan Program LLC Series 2017-6, Class R1

Zero Coupon, 11/25/26

11/09/17

1,485,665

937,177

0.09

144A/Restricted & Illiquid Securities

Acquisition
Date

Cost

Market
Value

Percentage of
Net Assets

SoFi Consumer Loan Program Trust Series 2018-1, Class R1

Zero Coupon, 2/25/27

2/01/18

1,569,021

1,330,863

0.12

Texas Competitive/TCEH

11.50%, 10/01/20

4/14/11

0.00

Tonon Luxembourg SA

7.25%, 1/24/20

1/16/13

1,624,599

37,694

0.00

Virgolino de Oliveira Finance SA

10.50%, 1/28/18

1/23/14

2,401,853

250,786

0.02

Virgolino de Oliveira Finance SA

10.875%, 1/13/20

6/09/14

477,418

132,000

0.01

Virgolino de Oliveira Finance SA

11.75%, 2/09/22

1/29/14

838,866

48,600

0.00

Wells Fargo Credit Risk Transfer Securities Trust Series 2015-WF1, Class 2M2

8.01%, 11/25/25

9/28/15

611,416

706,022

0.07

(k)

Restricted and illiquid security.

Restricted & Illiquid Securities

Acquisition
Date

Cost

Market
Value

Percentage of
Net Assets

CHC Group LLC

3/10/17

3,697,478

206,620

0.02

CHC Group LLC/CHC Finance Ltd. Series AI
Zero Coupon, 10/01/20

3/10/17

2,455,423

2,505,979

0.23

Exide Technologies

4/30/15

141,191

18,609

0.00

Momentive Performance Materials, Inc.

8.875%, 10/15/20

10/11/12

0.00

Mt. Logan Re Ltd. (Preference Shares)

12/30/14

2,953,000

2,924,425

0.27

(l)

Convertible security.

(m)

Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2018.

(n)

Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(o)

Inverse interest only security.

(p)

Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.

(q)

Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

(r)

The stated coupon rate represents the greater of the LIBOR or the LIBOR floor rate plus a spread at December 31, 2018.

(s)

This position or a portion of this position represents an unsettled loan purchase. The coupon rate will be determined at the time of settlement and will be based upon the London-Interbank Offered Rate (“LIBOR”) plus a premium which was determined at the time of purchase.

(t)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(u)

IO - Interest Only.

(v)

The rate shown represents the 7-day yield as of period end.

(w)

Affiliated investments.

(x)

As of December 31, 2018, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $47,978,057 and gross unrealized depreciation of investments was $(141,562,133), resulting in net unrealized depreciation of $(93,584,076).

(y)

One contract relates to 1 share.

Currency Abbreviations:


ARS	-	Argentine Peso
AUD	-	Australian Dollar


BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CLP	-	Chilean Peso
CNH	-	Chinese Yuan Renminbi (Offshore)
COP	-	Colombian Peso
DOP	-	Dominican Peso
EUR	-	Euro
GBP	-	Great British Pound
HKD	-	Hong Kong Dollar
IDR	-	Indonesian Rupiah
INR	-	Indian Rupee
JPY	-	Japanese Yen
KRW	-	South Korean Won
LKR	-	Sri Lankan Rupee
MXN	-	Mexican Peso
MYR	-	Malaysian Ringgit
NOK	-	Norwegian Krone
NZD	-	New Zealand Dollar
PLN	-	Polish Zloty
RUB	-	Russian Ruble
SEK	-	Swedish Krona
SGD	-	Singapore Dollar
TRY	-	Turkish Lira
TWD	-	New Taiwan Dollar
USD	-	United States Dollar
UYU	-	Uruguayan Peso
ZAR	-	South African Rand

Glossary:


12MTA	-	12 Month Treasury Average
ABS	-	Asset-Backed Securities
ARLLMONP	-	Argentina Blended Policy Rate
BADLAR	-	Argentina Deposit Rates Badlar Private Banks
CBT	-	Chicago Board of Trade
CDX-CMBX.NA	-	North American Commercial Mortgage-Backed Index
CDX-NAHY	-	North American High Yield Credit Default Swap Index
CMBS	-	Commercial Mortgage-Backed Securities
ETF	-	Exchange Traded Fund
EURIBOR	-	Euro Interbank Offered Rate
H15T	-	U.S. Treasury Yield Curve Rate T Note Constant Maturity
IRS	-	Interest Rate Swaption
JSC	-	Joint Stock Company
LIBOR	-	London Interbank Offered Rates
MTN	-	Medium Term Note
REIT	-	Real Estate Investment Trust

COUNTRY BREAKDOWN¹

December 31, 2018 (unaudited)


	63.7%			United States
	4.4%			Brazil
	2.2%			United Kingdom
	1.8%			Canada
	1.7%			France
	1.5%			Netherlands
	1.4%			Luxembourg
	1.2%			Argentina
	1.2%			Dominican Republic
	1.1%			Turkey
	1.1%			Italy
	1.0%			Spain
	0.9%			Ireland
	12.2%			Other
	4.6%			Short-Term

	100.0%			Total Investments

All data are as of December 31, 2018. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 0.9% or less in the following countries: Angola, Australia, Bahrain, Belgium, Cameroon, Cayman Islands, Chile, China, Colombia, Costa Rica, Denmark, Ecuador, Egypt, El Salvador, Finland, Gabon, Germany, Ghana, Guatemala, Honduras, India, Indonesia, Iraq, Israel, Ivory Coast, Jamaica, Jersey (Channel Islands), Jordan, Kazakhstan, Kenya, Lebanon, Macau, Malaysia, Mexico, Mongolia, Nigeria, Norway, Peru, Russia, Senegal, South Africa, Sri Lanka, Sweden, Switzerland, Trinidad & Tobago, Ukraine, United Arab Emirates, Uruguay, Venezuela and Zambia.

AB Global High Income Fund

December 31, 2018 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized 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 the Fund’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rates, coupon rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

Options are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management’s proprietary models. Where models are used, the selection of a particular model to value an option depends upon the contractual terms of, and specific risks inherent in, the option or warrant as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options generally will be classified as Level 2. For options that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

Valuations of mortgage-backed or other asset-backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset-backed securities for which management has collected current observable data through brokers or pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer.

Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of December 31, 2018:

Investments in Securities

Level 1

Level 2

Level 3

Total

Assets:

Corporates - Non-Investment Grade

– 0

–

415,292,423

8,520,148

423,812,571

Collateralized Mortgage Obligations

– 0

–

124,006,368

– 0

–

124,006,368

Governments - Treasuries

– 0

–

106,997,402

– 0

–

106,997,402

Corporates - Investment Grade

– 0

–

71,843,339

– 0

–

71,843,339

Emerging Markets - Sovereigns

– 0

–

65,249,740

– 0

–

65,249,740

Emerging Markets - Treasuries

– 0

–

46,043,788

– 0

–

46,043,788

Emerging Markets - Corporate Bonds

– 0

–

44,667,791

442,189

45,109,980

Bank Loans

– 0

–

29,810,854

10,497,807

40,308,661

Investment Companies

22,243,429

– 0

–

– 0

–

22,243,429

Commercial Mortgage-Backed Securities

– 0

–

1,881,815

20,349,120

22,230,935

Common Stocks

10,543,623

656,973

9,365,927

20,566,523

Asset-Backed Securities

– 0

–

1,064,444

14,279,486

15,343,930

Local Governments - US Municipal Bonds

– 0

–

5,236,581

– 0

–

5,236,581

Governments - Sovereign Bonds

– 0

–

3,541,700

– 0

–

3,541,700

Preferred Stocks

2,251,300

– 0

–

1,062,845

3,314,145

Inflation-Linked Securities

– 0

–

818,915

2,147,814

2,966,729

Local Governments - Regional Bonds

– 0

–

2,841,628

– 0

–

2,841,628

Quasi-Sovereigns

– 0

–

2,341,154

– 0

–

2,341,154

Options Purchased - Calls

– 0

–

1,745,657

– 0

–

1,745,657

Collateralized Loan Obligations

– 0

–

– 0

–

940,507

Whole Loan Trusts

– 0

–

– 0

–

478,441

Options Purchased - Puts

– 0

–

372,434

– 0

–

372,434

Warrants

11,160

– 0

–

34,152

45,312

Rights

– 0

–

– 0

–

7,612

Short-Term Investments:

Investment Companies

39,687,987

– 0

–

– 0

–

39,687,987

Time Deposits

– 0

–

9,175,008

– 0

–

9,175,008

Total Investments in Securities

74,737,499

933,588,014

68,126,048

1,076,451,561

Other Financial Instruments*:

Assets

Futures

3,508,519

– 0

–

– 0

–

3,508,519

Forward Currency Exchange Contracts

– 0

–

6,508,715

– 0

–

6,508,715

Centrally Cleared Credit Default Swaps

– 0

–

8,537,103

– 0

–

8,537,103

Centrally Cleared Interest Rate Swaps

– 0

–

47,805

– 0

–

47,805

Credit Default Swaps

– 0

–

194,476

– 0

–

194,476

Variance Swaps

– 0

–

33,813

– 0

–

33,813

Liabilities

Futures

(997,312

)

– 0

–

– 0

–

(997,312

)

Forward Currency Exchange Contracts

– 0

–

(8,786,116

)

– 0

–

(8,786,116

)

Credit Default Swaptions Written

– 0

–

(74,128

)

– 0

–

(74,128

)

Interest Rate Swaptions Written

– 0

–

(1,378,351

)

– 0

–

(1,378,351

)

Currency Options Written

– 0

–

(216,009

)

– 0

–

(216,009

)

Centrally Cleared Credit Default Swaps

– 0

–

(3,606,510

)

– 0

–

(3,606,510

)

Centrally Cleared Interest Rate Swaps

– 0

–

(217,523

)

– 0

–

(217,523

)

Credit Default Swaps

– 0

–

(18,904,614

)

– 0

–

(18,904,614

)

Total Return Swaps

– 0

–

(864,410

)

– 0

–

(864,410

)

Variance Swaps

– 0

–

(37,692

)

– 0

–

(37,692

)

Reverse Repurchase Agreements

(10,062,540

)

– 0

–

– 0

–

(10,062,540

)

Total^

67,186,166

914,824,573

68,126,048

1,050,136,787

#	The Fund held securities with zero market value at period end.

Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/(depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, options written and swaptions written which are valued at market value.

^	There were no transfers between Level 1 and Level 2 during the reporting period.

The Fund recognizes all transfers between levels of the fair value hierarchy assuming the financial instrument was transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.


	Corporates - Non- Investment Grade#			Emerging Markets - Corporate Bonds			Bank Loans			Commercial Mortgage-Backed Securities
Balance as of 3/31/18	$	15,053,741		$	553,206		$	1,590,628		$	22,880,554
Accrued discounts/(premiums)		(33,182	)		(122,833	)		16,313			38,040
Realized gain (loss)		126,530			6,991			1,283			(256,769	)
Change in unrealized appreciation/ depreciation		(2,171,463	)		(36,003	)		(662,632	)		919,391
Purchases/Payups		5,100,649			47,820			7,235,217			2,057,389
Sales/Paydowns		(9,123,581	)		(6,992	)		(34,161	)		(5,289,485	)
Transfers into Level 3		2,199,443			– 0	–		2,712,362			– 0	–
Transfers out of Level 3		(2,631,989	)		– 0	–		(361,203	)		– 0	–

Balance as of 12/31/18	$	8,520,148		$	442,189		$	10,497,807		$	20,349,120

Net change in unrealized appreciation/depreciation from investments held as of 12/31/18	$	(4,169,911	)	$	35,144		$	(662,632	)	$	519,320

	Common Stocks#			Asset-Backed Securities			Preferred Stocks#			Inflation-Linked Securites
Balance as of 3/31/18	$	13,010,053		$	14,570,891		$	11,080,588		$	2,520,151
Accrued discounts/(premiums)		– 0	–		74,747			– 0	–		3,713
Realized gain (loss)		549,971			(172,882	)		165,723			– 0	–
Change in unrealized appreciation/ depreciation		(700,074	)		(1,823,483	)		(2,409,298	)		(376,050	)
Purchases		3,617,431			4,833,991			1,062,845			– 0	–
Sales/Paydowns		(5,736,759	)		(4,175,737	)		(8,837,013	)		– 0	–
Transfers into Level 3		– 0	–		971,959			– 0	–		– 0	–
Transfers out of Level 3		(1,374,695	)		– 0	–		– 0	–		– 0	–

Balance as of 12/31/18	$	9,365,927		$	14,279,486		$	1,062,845		$	2,147,814

Net change in unrealized appreciation/depreciation from investments held as of 12/31/18	$	40,393		$	(1,954,512	)	$	(198,892	)	$	(376,050	)



	Collateralized Loan Obligations			Whole Loan Trusts			Warrants#			Rights
Balance as of 3/31/18	$	1,927,561		$	2,309,413		$	225,992		$	– 0	–
Accrued discounts/(premiums)		8,047			1,872			– 0	–		– 0	–
Realized gain (loss)		67,286			(835,180	)		– 0	–		– 0	–
Change in unrealized appreciation/ depreciation		(177,387	)		428,341			(98,649	)		7,612
Purchases		– 0	–		– 0	–		132,800			– 0	–
Sales/Paydowns		(885,000	)		(1,426,005	)		– 0	–		– 0	–
Transfers into Level 3		– 0	–		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		(225,991	)		– 0	–

Balance as of 12/31/18	$	940,507		$	478,441		$	34,152		$	7,612

Net change in unrealized appreciation/depreciation from investments held as of 12/31/18	$	(101,180	)	$	(185,773	)	$	(98,649	)	$	7,612


	Total
Balance as of 3/31/18	$	85,722,778
Accrued discounts/(premiums)		(13,283	)
Realized gain (loss)		(347,047	)
Change in unrealized appreciation/ depreciation		(7,099,695	)
Purchases/Payups		24,088,142
Sales/Paydowns		(35,514,733	)
Transfers into Level 3		5,883,764
Transfers out of Level 3		(4,593,878	)

Balance as of 12/31/18	$	68,126,048	+

Net change in unrealized appreciation/depreciation from investments held as of 12/31/18	$	(7,145,130	)

#	The fund held securities with zero market value that were sold/expired/written off during the reporting period.

+	There were de minimis transfers under 1% of net assets during the reporting period.

The following presents information about significant unobservable inputs related to the Fund’s Level 3 investments at December 31, 2018. Securities priced (i) by the third party vendors, (ii) by brokers or (iii) using prior transaction prices, which approximates fair value, are excluded from the following table:

Quantitative Information about Level 3 Fair Value Measurements


	Fair Value at 12/31/18			Valuation Technique	Unobservable Input	Range/ Weighted Average
Corporates—Non-Investment Grade	$	585,815		Qualitative Assessment	Par Value	$	100.00 / N/A
	$	336,499		Recovery Analysis	Collateral Value	$	100.00 / N/A

	$	922,314

Common Stocks	$	2,231,498		Recovery Analysis	Liquidation Value	$	303.03 / N/A
	$	625,464		Market Approach	EBITDA* Projection	$	48.0 mm /N/A
					EBITDA* Multiples		5.8X-7.8X /6.8X
	$	61,697		Market Approach	EBITDA* Projection	$	493mm / N/A
					EBITDA* Multiples		12.2X / N/A
	$	27,936		Market Approach	EBITDA* Projection	$	49.4 mm / NA
					EBITDA* Multiples		1.8X-3.8X / 2.8X
	$	18,609		Market Approach	EBITDA* Projection	$	149.0 mm / NA
					EBITDA* Multiples		4.0X-6.0X / 5.0X
	$	838		Market Approach	EBITDA* Projection	$	72mm / N/A
					EBITDA* Multiples		3.4X / N/A
	$	– 0	–	Qualitative Assessment		$	0.00 / N/A

	$	2,966,042

Preferred Stocks	$	1,062,845		Market Approach	EBITDA* Projection	$	493mm / N/A
					EBITDA* Multiples		12.2X / N/A
Whole Loan Trusts	$	406,270		Recovery Analysis	Cumulative Loss		<20% / NA
	$	30,859		Discounted Cash Flow	Level Yield		13.76% / N/A
	$	24,834		Discounted Cash Flow	Level Yield		14.97% / N/A
	$	16,478		Discounted Cash Flow	Level Yield		20.53% / N/A

	$	478,441

Warrants	$	34,074		Option Pricing Model	Exercise Price	$	1.17 / N/A
	$	78		Option Pricing Model	Exercise Price	$	0.20 / N/A

	$	34,152

*	Earning Before Interest, Taxes, Depreciation and Amortization.

Generally, a change in the assumptions used in any input in isolation may be accompanied by a change in another input. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. Significant increases (decreases) in Collateral Value, Par Value, Exercise Price, EBITDA projections and EBITDA Multiple in isolation would be expected to result in a significantly higher (lower) fair value measurement. A significant increase (decrease) in Level Yield, Liquidation Value and Cumulative Loss in isolation would be expected to result in a significant lower (higher) fair value measurement.

The Adviser established a Valuation Committee (the “Committee”) to oversee the pricing and valuation of all securities held in the Fund. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and any third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily comparison of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

A summary of the Fund’s transactions in AB mutual funds for the nine months ended December 31, 2018 is as follows:


Fund	Market Value 3/31/18 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 12/31/18 (000)		Dividend Income (000)
Government Money Market Portfolio	$	16,318	$	327,924	$	304,554	$	39,688	$	307

ITEM 2.

CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

ITEM 3.

EXHIBITS.

The following exhibits are attached to this Form N-Q:


EXHIBIT NO.		DESCRIPTION OF EXHIBIT

3 (a) (1)		Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

3 (a) (2)		Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Global High Income Fund, Inc.


By:		/s/ Robert M. Keith
		Robert M. Keith
		President

Date:		February 22, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Robert M. Keith
		Robert M. Keith
		President

Date:		February 22, 2019

By:		/s/ Joseph J. Mantineo
		Joseph J. Mantineo
		Treasurer and Chief Financial Officer

Date:		February 22, 2019