UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act file number 811-02201

Insight Select Income Fund

(Exact name of registrant as specified in charter)

200 Park Avenue, 7^th Floor

New York, NY 10166

(Address of principal executive offices) (Zip code)

David C. Leduc
200 Park Avenue, 7^th Floor

New York, NY 10166

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-527-1800

Date of fiscal year end: March 31

Date of reporting period: September 30, 2024

Item 1. Reports to Stockholders.

(a)

The Report to Shareholders is attached herewith.

Online:

Visit www.computershare.com/investor to log into your account and select “Communication Preferences” to set your preference.

Telephone:

Contact the Fund at 866-333-6685

Overnight Mail:

Computershare Investor Services, 462 South 4th Street, Suite 1600, Louisville, KY, 40202

Regular Mail:

Computershare Investor Services, PO Box 505000, Louisville, KY, 40233-5000

For the Six-Month Period Ended 09/30/24

November 2, 2024

DEAR SHAREHOLDERS:

The six-month reporting period ended September 30, 2024 was marked by moderating (albeit above-target) inflation, robust economic growth and a healthy but loosening labor market.

Inflation eased over the period. Headline Consumer Price Index (“CPI”) fell from 3.5% to 2.5% and Personal Consumption Expenditures (“PCE”) from 2.8% to 2.2%. Excluding food and energy, progress was a little less pronounced given the “stickiness” of several core services categories, such as housing, transportation, and medical services. Core CPI fell from 3.8% to 3.2%, Core PCE fell from 3% to 2.7%.

Elsewhere, the labor market moved into a finer balance between the demand and supply for jobs, moving into a “low hiring and low firing” stage of the cycle. The six-month rolling average of monthly payroll gains fell from 240,00 to 167,000. The number of job openings to unemployed workers fell from 1.3 to 1.2, in line with pre-pandemic levels. Employment diffusion indices also increasingly showed a balance of job gains and job losses across industries.

The unemployment rate rose from 3.8% to 4.1%, notably triggering the “Sahm rule” recession indicator. The closely-watched indicator states that a feedback loop of job losses will occur if the 3-month average unemployment rate rises by 0.5% relative to its highest value over the previous 12 months. It has been a strong historical predictor of recessions. However, the intuition behinds it demands that a higher unemployment rate be driven by job losses. So far this cycle, new job entrants (largely due to immigration) and labor market re-entrants (due to a rising participation rate) have been significant contributors to the rise in the unemployment over the last year, not just layoffs.

As a result of easing inflation, the Federal Reserve (“Fed”) shifted its focus from inflation to the labor market and enacted its first rate cut of the cycle in September 2024. It cut rates by 50 basis points (“bp”), when many market participants had anticipated 25bp. The central bank noted “progress on inflation” and declared the committee has “gained greater confidence that inflation is moving sustainably toward 2%”. On the labor market, it changed its characterization of job gains as having “moderated” to “slowed” and added that the committee is “strongly committed to supporting maximum employment”. The Federal Open Market Committee (“FOMC”) projected another 50bp of further rate cuts into the end of the year and 100bp to follow in 2025.

US Gross Domestic Product (“GDP”) growth remained robust, coming in at 3% in the second calendar quarter of 2024, up from 1.6% in the first calendar quarter of 2024.

Over the period, markets moved to price in the start of the Fed’s rate cutting cycle. Short-dated Treasury yields fell by up to 100bp across the curve and fell more modestly at longer maturities. This caused the curve to “dis-invert” between 2 and 10-years for the first time since 2022. Investment grade and high yield credit spreads were stable in comparison, narrowing by 1bp and 5bp respectively.

As a result, falling yields were the largest contributors to performance in credit markets over the period. Investment grade corporates (as measured by the Bloomberg US Corporate Index) delivered an excess return of 0.72% and a total return of 5.74%. Meanwhile, high yield (as measured by the Bloomberg US Corporate High Yield Index) delivered an excess return of 2.11% and a total return of 6.44%.

The Insight Select Income Fund (“Fund”) decreased the long duration bias of the Fund to a more neutral stance. We believed yields declined to a level beyond where our rate forecast predicted and therefore, we took a neutral stance until

presented with more economic data. The Fund did not make significant changes to its high-level sector allocation; we continue to seek short-dated, high income-generating investments with attractive valuations paired with longer-maturity, higher quality issues. Overall credit exposure remains slightly below the Fund’s historical average. There was a modest decrease to high yield investments, and investment grade midstream sector bonds, while the Fund maintained a steady allocation to asset-backed securities. Exposure to commercial mortgage-backed securities remains very small. Market volatility has created periodic market dislocations and the Fund maintains what we view as adequate portfolio liquidity to capitalize on idiosyncratic opportunities that may present themselves. While being exposed to the credit markets generally, we continue to adjust the Fund’s portfolio positioning to focus on the parts of the credit curve that we believe provide the best tradeoff between risk and reward, in a volatile interest rate environment that we expect to continue over the next year. Balance remains paramount as there are risks on both sides of any forecast. The Fund’s performance during the reporting period was a function of navigating a difficult rate environment while positioning the Fund to effectively target, what are, in our opinion, durable and high-quality sources of predictable income. We continue to resist the temptation to sacrifice portfolio liquidity in the hunt for yield, and we want to own assets that we see exhibiting good visibility into the credit worthiness of issuers, stability of balance sheets, and overall staying power.

As of September 30, 2024, the Fund had a net asset value (NAV) of $18.30 per share. This represents a 3.62% increase from $17.66 per share on March 31, 2024. On September 30, 2024, the Fund’s closing price on the New York Stock Exchange was $17.65 per share, representing a 3.55% discount to NAV per share, compared with an 6.63% discount as of March 31, 2024. One of the primary objectives of the Fund is to maintain a high level of income. On September 18, 2024, the Board of Trustees declared a distribution payment of $0.20 per share payable on October 24, 2024 to the shareholders of record on October 10, 2024. On an annualized basis, including the pending dividend, the annual dividend payment from ordinary income equates to a total of $0.80 per share, representing a 4.63% dividend yield based on the market price on October 8, 2024 of $17.26 per share. The dividend is evaluated on a quarterly basis and is based on the income generation capability of the portfolio and is not guaranteed for any period of time.

Yield represents the major component of return in most fixed income portfolios. Given the Fund’s emphasis on income and the dividend, we generally will not have material exposure to low-yielding US Treasuries and will maintain meaningful exposure to corporate bonds. When it comes to management of credit risk, we try to look through periods of volatility to focus on an investment’s long-term creditworthiness to assess whether it will provide an attractive yield to the Fund over time.

The Fund’s performance will continue to be subject to trends in long-term interest rates and to corporate yield spreads. Consistent with our investment discipline, we continue to emphasize diversification and risk management within the bounds of income stability. The pie chart below summarizes the portfolio quality of the Fund’s assets as of September 30, 2024:

Percent of Total Investment (Lower of S&P and Moody’s Ratings)¹

For financial reporting purposes, credit quality ratings shown above reflect the lowest rating assigned by either Standard & Poor’s (“S&P”) or Moody’s Investors Service (“Moody’s”) if ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated NR are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings and the Fund’s allocation to the ratings categories are subject to change at any time without notice. The pie chart above does not include the Fund’s derivative instruments.

We would like to remind shareholders of the opportunities presented by the Fund’s dividend reinvestment plan referred to in the Shareholder Information section of this report. The dividend reinvestment plan affords shareholders a price advantage by allowing them to purchase additional shares at NAV or market price, whichever is lower. This means that the reinvestment price is at market price when the Fund is trading at a discount to NAV, as is currently the situation, or at NAV per share when market trading is at a premium to that value. To participate in the plan, please contact Computershare Investor Services, the Fund’s Transfer Agent and Dividend Paying Agent, at 1-866-333-6685. The Fund’s investment adviser, Insight North America LLC, may be reached at 1-212-527-1800.

David C. Leduc

President

Mr. Leduc’s comments reflect the investment adviser’s views generally regarding the market and the economy and are compiled from the investment adviser’s research. These comments reflect opinions as of the date written and are subject to change at any time.

Opinions expressed herein are current opinions of Insight and are subject to change without notice. Insight assumes no responsibility to update such information or to notify a client of any changes. Any outlooks, forecasts or portfolio weightings presented herein are as of the date appearing on this material only and are also subject to change without notice. Insight disclaims any responsibility to update such views. No forecasts can be guaranteed.

Information herein may contain, include or is based upon forward-looking statements within the meaning of the federal securities laws, specifically Section 21E of the Securities Exchange Act of 1934, as amended. Forward- looking state-ments include all statements, other than statements of historical fact, that address future activities, events or develop-ments, including without limitation, business or investment strategy or measures to implement strategy, competitive strengths, goals expansion and growth of our business, plans, prospects and references to future or success. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Words such as ‘antici-pate,’ ‘estimate,’ ‘expect,’ ‘project,’ ‘intend,’ ‘plan,’ ‘believe,’ and other similar words are intended to identify these forward-looking statements. Forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results or out-comes. Consequently, no forward-looking statement can be guaranteed. Our actual results or outcomes may vary ma-terially. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

Past performance is not a guide to future performance, which will vary. The value of investments and any income from them will fluctuate and is not guaranteed (this may partly be due to exchange rate changes). Future returns are not guaranteed and a loss of principal may occur.

The quoted benchmarks within this presentation do not reflect deductions for fees, expenses or taxes. These bench-marks are unmanaged and cannot be purchased directly by investors. Benchmark performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison such as differences in volatility, and regulatory and legal restrictions between the indices shown and the strategy.

Total Return-Percentage Change (Annualized for periods longer than 1 year)

Per Share with All Distributions Reinvested¹

	6 Months to 9/30/24	1 Year to 9/30/24	3 Years to 9/30/24	5 Years to 9/30/24	10 Years to 9/30/24
Insight Select Income Fund (Based on Net Asset Value)	6.16%	15.28%	-0.57%	2.05%	3.66%
Insight Select Income Fund (Based on Market Value)	9.65%	23.47%	-0.53%	2.40%	4.11%
Bloomberg U.S. Credit Index²	5.66%	13.81%	-1.12%	1.07%	2.79%

1 − Total investment return based on net asset value per share includes management fees and all other expenses paid by the Fund and reflects the effects of changes in net asset value on the performance of the Fund during each period, and assumes dividends and distributions, if any, were reinvested. Total investment return based on market value is calculated assuming a purchase of common shares at the market price on the first day and a sale at the market price on the last day of the period reported. Dividends and distributions, if any, are assumed for purposes of the calculations to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. Total investment return does not reflect brokerage commissions. The total investment return, if for less than a full year, is not annualized. Past performance is not a guarantee of future results.

2 − Source: Bloomberg as of September 30, 2024. Comprised primarily of US investment grade corporate bonds (Fund’s Benchmark).

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2024

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (82.68%)
AEROSPACE/DEFENSE (1.31%)
BAE Systems PLC, Sr. Unsec. Notes, 5.500%, 03/26/54, 144A^(b)	Baa1/BBB+	$	200	$	209,476
Boeing Co., Sr. Unsec. Notes, 5.805%, 05/01/50^(b)	Baa3-/BBB-		463		447,124
Boeing Co., Sr. Unsec. Notes, 6.858%, 05/01/54, 144A^(b)	Baa3-/BBB-		272		298,397
Northrop Grumman Corp., Sr. Unsec. Notes, 7.750%, 06/01/29	Baa1/BBB+		500		560,231
Rolls-Royce PLC, Co. Gty., 5.750%, 10/15/27, 144A^(b)	Baa3/BBB		369		380,456
RTX Corp., Sr. Unsec. Notes, 3.750%, 11/01/46^(b)	Baa1/BBB+		700		571,012
TransDigm, Inc., Sr. Sec. Notes, 6.750%, 08/15/28, 144A^(b)	Ba3/BB-		90		92,617
					2,559,313
AGRICULTURE (0.73%)
Altria Group, Inc., Co. Gty., 5.950%, 02/14/49^(b)	A3/BBB		329		344,781
BAT Capital Corp., Co. Gty., 6.343%, 08/02/30^(b)	Baa1/BBB+		197		212,983
BAT Capital Corp., Co. Gty., 7.081%, 08/02/53^(b)	Baa1/BBB+		70		81,202
Bunge, Ltd. Finance Corp., Co. Gty., 4.100%, 01/07/28^(b)	Baa1/A-		270		269,751
Philip Morris International, Inc., Sr. Unsec. Notes, 2.100%, 05/01/30^(b)	A2/A-		580		517,365
					1,426,082
AIRLINES (3.14%)
Air Canada, Sr. Sec. Notes, 3.875%, 08/15/26, 144A^(b)	Ba1/BBB-		246		239,538
Air Canada Pass Through Certs., Series 2020-2, Class A, 5.250%, 04/01/29, 144A	NA/AA-		159		159,319
American Airlines Group, Inc. Pass Through Certs., Series 2017-1, Class AA, 3.650%, 02/15/29	A1/NA		704		671,391
American Airlines Group, Inc. Pass Through Certs., Series 2017-2, Class AA, 3.350%, 10/15/29	A1/NA		1,072		1,010,882
American Airlines Group, Inc. Pass Through Certs., Series 2019-1, Class AA, 3.150%, 02/15/32	A2/AA-		615		571,977
American Airlines, Inc., Sr. Sec. Notes, 5.500%, 04/20/26, 144A	Ba1/NA		206		206,201
American Airlines, Inc., Sr. Sec. Notes, 5.750%, 04/20/29, 144A	Ba1/NA		162		161,733
British Airways PLC Pass Through Certs., Series 2020-1, Class A, 4.250%, 11/15/32, 144A	NA/A		94		89,982
Delta Air Lines, Inc., Sr. Sec. Notes, 4.500%, 10/20/25, 144A	Baa1/NA		50		49,702
Delta Air Lines, Inc., Sr. Sec. Notes, 4.750%, 10/20/28, 144A	Baa1/NA		209		208,663
JetBlue Airways Corp. Pass Through Certs., Series 2020-1, Class A, 4.000%, 11/15/32	Baa2/NA		828		794,034
United Airlines, Inc., Sr. Sec. Notes, 4.375%, 04/15/26, 144A^(b)	Ba1/BB+		65		64,010
United Airlines, Inc., Sr. Sec. Notes, 4.625%, 04/15/29, 144A^(b)	Ba1/BB+		318		307,147
United Airlines, Inc. Pass Through Certs., Series 2018-1, Class B, 4.600%, 03/01/26	Ba1/NA		398		392,800
United Airlines, Inc. Pass Through Certs., Series 2019-1, Class AA, 4.150%, 08/25/31	Aa3/NA		321		307,448
United Airlines, Inc. Pass Through Certs., Series 2019-2, Class AA, 2.700%, 05/01/32	A1/NA		883		787,522
United Airlines, Inc. Pass Through Certs., Series 2020-1, Class A, 5.875%, 10/15/27	Aa3/A+		127		129,316
					6,151,665
AUTO MANUFACTURERS (2.33%)
Ford Holdings LLC, Co. Gty., 9.300%, 03/01/30	Ba1/BBB-		1,000		1,176,046
Ford Motor Credit Co. LLC, Sr. Unsec. Notes, 2.300%, 02/10/25^(b)	Ba1/BBB-		1,199		1,185,554
Ford Motor Credit Co. LLC, Sr. Unsec. Notes, 5.800%, 03/05/27^(b)	Ba1/BBB-		276		280,982
Ford Motor Credit Co. LLC, Sr. Unsec. Notes, 7.122%, 11/07/33^(b)	Ba1/BBB-		200		216,077
General Motors Financial Co., Inc., Sr. Unsec. Notes, 3.600%, 06/21/30^(b)	Baa2/BBB		1,027		958,826
Stellantis Finance US, Inc., Co. Gty., 2.691%, 09/15/31, 144A^(b)	Baa1/BBB+		221		188,353
Volkswagen Group of America Finance LLC, Co. Gty., 6.450%, 11/16/30, 144A^(b)	A3/BBB+		530		568,859
					4,574,697
BANKS (17.01%)
Banco Santander SA, Sr. Preferred Notes, 5.588%, 08/08/28	A2/A+		600		624,309
Bank of America Corp., Sr. Unsec. Notes, (SOFRRATE + 1.330%), 2.972%, 02/04/33^(b),(c)	A1/A-		2,655		2,375,474
Bank of America Corp., Sr. Unsec. Notes, (SOFRRATE + 1.650%), 5.468%, 01/23/35^(b),(c)	A1/A-		656		688,345
Bank of Montreal, Jr. Sub. Notes, (H15T5Y + 3.010%), 7.300%, 11/26/84^(b),(c)	Baa3/BBB-		715		753,434
Barclays PLC, Sr. Unsec. Notes, (SOFRRATE + 2.420%), 6.036%, 03/12/55^(b),(c)	Baa1/BBB+		200		218,574
Citigroup, Inc., Jr. Sub. Notes, (H15T5Y + 3.597%), 4.000%, 12/10/25^(b),(c),(d)	Ba1/BB+		384		376,214

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
BANKS (Continued)
Citigroup, Inc., Sr. Unsec. Notes, (SOFRRATE + 1.447%), 5.449%, 06/11/35^(b),(c)	A3/BBB+	$	897	$	935,102
Citigroup, Inc., Sr. Unsec. Notes, (TSFR3M + 1.600%), 3.980%, 03/20/30^(b),(c)	A3/BBB+		500		489,390
Citigroup, Inc., Sr. Unsec. Notes, (TSFR3M + 1.825%), 3.887%, 01/10/28^(b),(c)	A3/BBB+		2,402		2,377,329
Citigroup, Inc., Sub. Notes, 4.600%, 03/09/26	Baa2/BBB		388		388,999
Citizens Bank NA, Sr. Unsec. Notes, (SOFRRATE + 1.450%), 6.064%, 10/24/25^(b),(c)	A3/A-		500		499,982
Citizens Financial Group, Inc., Sr. Unsec. Notes, (SOFRRATE + 2.010%), 5.841%, 01/23/30^(b),(c)	Baa1/BBB+		137		142,422
Citizens Financial Group, Inc., Sr. Unsec. Notes, (SOFRRATE + 2.325%), 6.645%, 04/25/35^(b),(c)	Baa1/BBB+		118		129,254
Credit Agricole SA, Sub. Notes, (USD 5 yr. Swap Semi 30/360 US + 1.644%), 4.000%, 01/10/33, 144A^(b),(c)	Baa1/BBB+		1,025		986,643
Goldman Sachs Group, Inc., Sr. Unsec. Notes, (SOFRRATE + 1.210%), 5.049%, 07/23/30^(b),(c)	A2/BBB+		1,895		1,942,413
Goldman Sachs Group, Inc., Sr. Unsec. Notes, (SOFRRATE + 1.552%), 5.851%, 04/25/35^(b),(c)	A2/BBB+		900		966,056
Goldman Sachs Group, Inc., Sr. Unsec. Notes, (SOFRRATE + 1.725%), 4.482%, 08/23/28^(b),(c)	A2/BBB+		703		706,377
HSBC Capital Funding Dollar 1 LP, Co. Gty., (3M LIBOR + 4.980%), 10.176%, 06/30/30, 144A^(b),(c),(d)	Baa3/BB+		2,180		2,830,974
ING Groep NV, Sr. Unsec. Notes, (SOFRRATE + 1.640%), 3.869%, 03/28/26^(b),(c)	Baa1/A-		782		778,139
JPMorgan Chase & Co., Sr. Unsec. Notes, (SOFRRATE + 1.490%), 5.766%, 04/22/35^(b),(c)	A1/A-		277		298,151
JPMorgan Chase & Co., Sr. Unsec. Notes, (SOFRRATE + 1.620%), 5.336%, 01/23/35^(b),(c)	A1/A-		2,000		2,088,420
JPMorgan Chase & Co., Sr. Unsec. Notes, (SOFRRATE + 1.845%), 5.350%, 06/01/34^(b),(c)	A1/A-		400		418,148
Morgan Stanley, Sr. Unsec. Notes, (SOFRRATE + 1.215%), 5.042%, 07/19/30^(b),(c)	A1/A-		1,420		1,458,733
Morgan Stanley, Sr. Unsec. Notes, (SOFRRATE + 1.580%), 5.831%, 04/19/35^(b),(c)	A1/A-		911		977,249
PNC Financial Services Group, Inc., Jr. Sub. Notes, (TSFR3M + 3.562%), 5.000%, 11/01/26^(b),(c),(d)	Baa2/BBB-		757		750,535
PNC Financial Services Group, Inc., Sr. Unsec. Notes, (SOFRINDX + 1.730%), 6.615%, 10/20/27^(b),(c)	A3/A-		277		289,463
Royal Bank of Canada, Jr. Sub. Notes, (H15T5Y + 2.887%), 7.500%, 05/02/84^(b),(c)	Baa2/BBB		1,000		1,067,353
Santander Holdings USA, Inc., Sr. Unsec. Notes, (SOFRRATE + 2.356%), 6.499%, 03/09/29^(b),(c)	Baa2/BBB+		134		140,275
State Street Corp., Jr. Sub. Notes, (H15T5Y + 2.613%), 6.700%, 03/15/29^(b),(c),(d)	Baa1/BBB		371		384,132
Synchrony Bank, Sr. Unsec. Notes, 5.400%, 08/22/25^(b)	NA/BBB		305		305,635
Toronto-Dominion Bank, Jr. Sub. Notes, (H15T5Y + 2.977%), 7.250%, 07/31/84^(b),(c)	Baa1/BBB		460		479,283
Truist Financial Corp., Jr. Sub. Notes, (H15T5Y + 3.003%), 6.669%, 03/01/25^(b),(c),(d)	Baa3/BBB-		1,136		1,130,735
Truist Financial Corp., Sr. Unsec. Notes, (SOFRRATE + 2.361%), 5.867%, 06/08/34^(b),(c)	Baa1/A-		111		117,908
Truist Financial Corp., Sr. Unsec. Notes, (SOFRRATE + 2.446%), 7.161%, 10/30/29^(b),(c)	Baa1/A-		149		163,195
UBS AG, Sr. Unsec. Notes, (SOFRINDX + 1.260%), 6.297%, 02/21/25^(e)	Aa2/A+		1,250		1,254,900
UBS Group AG, Sr. Unsec. Notes, (H15T1Y + 1.770%), 5.699%, 02/08/35, 144A^(b),(c)	A3/A-		266		280,515
US Bancorp, Sr. Unsec. Notes, (SOFRRATE + 1.860%), 5.678%, 01/23/35^(b),(c)	A3/A		305		322,769
US Bancorp, Sr. Unsec. Notes, (SOFRRATE + 2.260%), 5.836%, 06/12/34^(b),(c)	A3/A		161		171,713
Wells Fargo & Co., Jr. Sub. Notes, (H15T5Y + 3.453%), 3.900%, 03/15/26^(b),(c),(d)	Baa2/BB+		1,162		1,129,177
Wells Fargo & Co., Sr. Unsec. Notes, (SOFRRATE + 1.780%), 5.499%, 01/23/35^(b),(c)	A1/BBB+		1,200		1,255,808
Westpac Banking Corp., Sub. Notes, (H15T5Y + 1.750%), 2.668%, 11/15/35^(b),(c)	A3/A-		753		656,413
					33,349,940
BEVERAGES (0.52%)
Anheuser-Busch Cos. LLC, Co. Gty., 4.700%, 02/01/36^(b)	A3/A-		645		646,755
Coca-Cola Co., Sr. Unsec. Notes, 4.650%, 08/14/34^(b)	A1/A+		357		364,986
					1,011,741
BIOTECHNOLOGY (0.75%)
Amgen, Inc., Sr. Unsec. Notes, 5.250%, 03/02/30^(b)	Baa1/BBB+		106		110,470
Amgen, Inc., Sr. Unsec. Notes, 5.650%, 03/02/53^(b)	Baa1/BBB+		255		267,894

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
BIOTECHNOLOGY (Continued)
Royalty Pharma PLC, Co. Gty., 2.200%, 09/02/30^(b)	Baa3/BBB-	$	930	$	814,070
Royalty Pharma PLC, Co. Gty., 2.150%, 09/02/31^(b)	Baa3/BBB-		326		277,594
					1,470,028
BUILDING MATERIALS (0.82%)
Builders FirstSource, Inc., Co. Gty., 6.375%, 03/01/34, 144A^(b)	Ba2/BB-		541		561,758
EMRLD Borrower LP, Sr. Sec. Notes, 6.750%, 07/15/31, 144A^(b)	B1/BB-		93		96,994
Smyrna Ready Mix Concrete LLC, Sr. Sec. Notes, 8.875%, 11/15/31, 144A^(b)	Ba3/BB-		878		946,815
					1,605,567
CHEMICALS (2.72%)
Braskem Netherlands Finance BV, Co. Gty., 4.500%, 01/31/30, 144A^(b)	NA/BB+		735		655,409
Braskem Netherlands Finance BV, Co. Gty., 5.875%, 01/31/50, 144A	NA/BB+		245		191,947
Celanese US Holdings LLC, Co. Gty., 6.700%, 11/15/33^(b)	Baa3/BBB-		350		382,586
Huntsman International LLC, Sr. Unsec. Notes, 5.700%, 10/15/34^(b)	Baa3/BBB-		1,041		1,031,426
Solvay Finance America LLC, Co. Gty., 5.850%, 06/04/34, 144A^(b)	Baa1/BBB+		458		480,494
Union Carbide Corp., Sr. Unsec. Notes, 7.750%, 10/01/96^(f)	Baa1/BBB		2,000		2,591,175
					5,333,037
COMMERCIAL SERVICES (2.03%)
Ashtead Capital, Inc., Co. Gty., 4.000%, 05/01/28, 144A^(b)	Baa3/BBB-		555		540,438
Ashtead Capital, Inc., Co. Gty., 4.250%, 11/01/29, 144A^(b)	Baa3/BBB-		200		194,292
ERAC USA Finance LLC, Co. Gty., 7.000%, 10/15/37, 144A	A3/A-		1,500		1,787,480
Global Payments, Inc., Sr. Unsec. Notes, 3.200%, 08/15/29^(b)	Baa3/BBB-		650		608,420
Global Payments, Inc., Sr. Unsec. Notes, 5.400%, 08/15/32^(b)	Baa3/BBB-		178		182,526
Prime Security Services Borrower LLC, Sr. Sec. Notes, 3.375%, 08/31/27, 144A^(b)	Ba2/BB		559		529,928
Triton Container International, Ltd., Co. Gty., 3.150%, 06/15/31, 144A^(b)	NA/BBB		167		145,423
					3,988,507
COMPUTERS (0.53%)
Dell International LLC, Sr. Unsec. Notes, 8.350%, 07/15/46^(b)	Baa2/BBB		90		121,589
Hewlett Packard Enterprise Co., Sr. Unsec. Notes, 5.000%, 10/15/34^(b)	Baa2/BBB		928		917,625
					1,039,214
DIVERSIFIED FINANCIAL SERVICES (1.69%)
AerCap Ireland Capital DAC, Co. Gty., 3.300%, 01/30/32^(b)	Baa1/BBB+		1,122		1,011,168
AerCap Ireland Capital DAC, Co. Gty., (H15T5Y + 2.720%), 6.950%, 03/10/55^(b),(c)	Baa2/BBB-		150		155,384
Aircastle, Ltd., Sr. Unsec. Notes, 5.750%, 10/01/31, 144A^(b)	Baa3/BBB-		184		189,057
Discover Financial Services, Sr. Unsec. Notes, 6.700%, 11/29/32^(b)	Baa2/BBB-		474		520,309
LSEGA Financing PLC, Co. Gty., 2.500%, 04/06/31, 144A^(b)	A3/A		264		232,896
Macquarie Airfinance Holdings, Ltd., Sr. Unsec. Notes, 5.150%, 03/17/30, 144A^(b)	Baa3/BBB-		978		980,364
Macquarie Airfinance Holdings, Ltd., Sr. Unsec. Notes, 6.500%, 03/26/31, 144A^(b)	Baa3/BBB-		73		77,273
Nasdaq, Inc., Sr. Unsec. Notes, 5.350%, 06/28/28^(b)	Baa2/BBB		147		152,658
					3,319,109
ELECTRIC (6.09%)
AES Andes SA, Jr. Sub. Notes, (H15T5Y + 4.917%), 6.350%, 10/07/79, 144A^(b),(c)	Ba2/BB		508		504,354
AES Panama Generation Holdings Srl, Sr. Sec. Notes, 4.375%, 05/31/30, 144A^(b)	Baa3/NA		530		479,505
Berkshire Hathaway Energy Co., Sr. Unsec. Notes, 2.850%, 05/15/51^(b)	A3/A-		700		473,011
CMS Energy Corp., Jr. Sub. Notes, (H15T5Y + 2.900%), 3.750%, 12/01/50^(b),(c)	Baa3/BBB-		238		207,728
Consorcio Transmantaro SA, Sr. Unsec. Notes, 4.700%, 04/16/34, 144A	Baa3/NA		200		195,698
Duke Energy Corp., Sr. Unsec. Notes, 5.000%, 08/15/52^(b)	Baa2/BBB		745		705,929
Duke Energy Indiana LLC, 5.400%, 04/01/53^(b)	Aa3/A		1,000		1,026,696
Edison International, Jr. Sub. Notes, (H15T5Y + 4.698%), 5.375%, 03/15/26^(b),(c),(d)	Ba1/BB+		638		631,793
Electricite de France SA, Jr. Sub. Notes, (H15T5Y + 5.411%), 9.125%, 03/15/33, 144A^(b),(c),(d)	Ba2/B+		200		227,657
Enel Finance America LLC, Co. Gty., 7.100%, 10/14/27, 144A^(b)	Baa1/BBB		200		214,758

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
ELECTRIC (Continued)
Enel Finance International NV, Co. Gty., 7.500%, 10/14/32, 144A^(b)	Baa1/BBB	$	200	$	232,934
Entergy Corp., Jr. Sub. Notes, (H15T5Y + 2.670%), 7.125%, 12/01/54^(b),(c)	Baa3/BBB-		459		475,718
Evergy Metro, Inc., Sr. Sec. Notes, 4.200%, 06/15/47^(b)	A2/A		467		398,589
Hydro-Quebec, 8.250%, 04/15/26	Aa2/AA-		1,550		1,643,250
IPALCO Enterprises, Inc., Sr. Sec. Notes, 4.250%, 05/01/30^(b)	Baa3/BBB-		462		446,302
Jersey Central Power & Light Co., Sr. Unsec. Notes, 2.750%, 03/01/32, 144A^(b)	A3/BBB		323		282,557
MidAmerican Funding LLC, Sr. Sec. Notes, 6.927%, 03/01/29	A2/BBB+		500		544,538
New England Power Co., Sr. Unsec. Notes, 5.936%, 11/25/52, 144A^(b)	A3/BBB+		356		381,841
Niagara Mohawk Power Corp., Sr. Unsec. Notes, 5.664%, 01/17/54, 144A^(b)	Baa1/BBB+		96		99,394
Pacific Gas and Electric Co., 2.100%, 08/01/27^(b)	Baa2/BBB		391		366,325
Pacific Gas and Electric Co., 3.500%, 08/01/50^(b)	Baa2/BBB		617		445,591
PPL Capital Funding, Inc., Co. Gty., 5.250%, 09/01/34^(b)	Baa1/BBB+		297		305,645
Public Service Enterprise Group, Inc., Sr. Unsec. Notes, 6.125%, 10/15/33^(b)	Baa2/BBB		184		200,249
Puget Energy, Inc., Sr. Sec. Notes, 2.379%, 06/15/28^(b)	Baa3/BBB-		247		228,796
Transelec SA, Sr. Unsec. Notes, 4.250%, 01/14/25, 144A^(b)	Baa1/BBB		750		747,443
Transelec SA, Sr. Unsec. Notes, 3.875%, 01/12/29, 144A^(b)	Baa1/BBB		490		470,493
					11,936,794
ENTERTAINMENT (0.45%)
Caesars Entertainment, Inc., Co. Gty., 8.125%, 07/01/27, 144A^(b)	B3/B-		188		191,855
International Game Technology PLC, Sr. Sec. Notes, 5.250%, 01/15/29, 144A^(b)	Ba1/BB+		685		683,452
					875,307
FOOD (1.45%)
Bimbo Bakeries USA, Inc., Co. Gty., 6.400%, 01/15/34, 144A^(b)	Baa1/BBB+		395		436,535
Bimbo Bakeries USA, Inc., Co. Gty., 5.375%, 01/09/36, 144A^(b)	Baa1/BBB+		200		206,191
Bimbo Bakeries USA, Inc., Co. Gty., 4.000%, 05/17/51, 144A^(b)	Baa1/BBB+		363		291,449
J M Smucker Co., Sr. Unsec. Notes, 6.500%, 11/15/53^(b)	Baa2/BBB		107		123,440
JBS USA Holding Lux Sarl, Co. Gty., 3.625%, 01/15/32^(b)	Baa3/BBB-		211		192,951
Kroger Co., Sr. Unsec. Notes, 5.000%, 09/15/34^(b)	Baa1/BBB		339		341,546
Kroger Co., Sr. Unsec. Notes, 5.500%, 09/15/54^(b)	Baa1/BBB		179		180,022
MARB BondCo PLC, Co. Gty., 3.950%, 01/29/31, 144A^(b)	NA/BB+		213		188,649
NBM US Holdings, Inc., Co. Gty., 7.000%, 05/14/26, 144A^(b)	NA/BB+		885		890,737
					2,851,520
FOREST PRODUCTS & PAPER (0.30%)
LD Celulose International GmbH, Sr. Sec. Notes, 7.950%, 01/26/32, 144A^(b)	Ba3/NA		255		261,757
Suzano Austria GmbH, Co. Gty., 3.750%, 01/15/31^(b)	NA/BBB-		351		323,258
					585,015
GAS (1.16%)
NiSource, Inc., Sr. Unsec. Notes, 5.400%, 06/30/33^(b)	Baa2/BBB+		191		198,558
Southern Co. Gas Capital Corp., Co. Gty., 5.875%, 03/15/41^(b)	Baa1/A-		992		1,064,062
Southern Co. Gas Capital Corp., Co. Gty., 4.400%, 05/30/47^(b)	Baa1/A-		1,164		1,010,350
					2,272,970
HEALTHCARE-PRODUCTS (0.15%)
STERIS Irish FinCo UnLtd Co., Co. Gty., 2.700%, 03/15/31^(b)	Baa2/BBB		329		292,849
HEALTHCARE-SERVICES (0.12%)
HCA, Inc., Co. Gty., 5.600%, 04/01/34^(b)	Baa3/BBB-		224		233,206
HOLDING COMPANIES-DIVERS (0.30%)
Benteler International AG, Sr. Sec. Notes, 10.500%, 05/15/28, 144A^(b)	Ba3/BB-		547		578,276
INSURANCE (6.35%)
Allianz SE, Jr. Sub. Notes, (H15T5Y + 2.165%), 3.200%, 10/30/27, 144A^(b),(c),(d)	A3/A		200		171,266
Allianz SE, Jr. Sub. Notes, (H15T5Y + 2.973%), 3.500%, 11/17/25, 144A^(b),(c),(d)	A3/A		400		385,280

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
INSURANCE (Continued)
Allstate Corp., Jr. Sub. Notes, (3M LIBOR + 2.120%), 6.500%, 05/15/57^(b),(c),(f)	Baa1/BBB-	$	2,200	$	2,314,066
Farmers Exchange Capital, Sub. Notes, 7.200%, 07/15/48, 144A^(f)	Baa3/BBB+		2,250		2,246,529
Liberty Mutual Group, Inc., Co. Gty., 3.951%, 10/15/50, 144A^(b)	Baa2/BBB		250		195,415
Liberty Mutual Group, Inc., Co. Gty., (TSFR3M + 7.382%), 10.750%, 06/15/58, 144A^(b),(c)	Baa3/BB+		1,000		1,206,849
Lincoln National Corp., Sr. Unsec. Notes, 5.852%, 03/15/34^(b)	Baa2/BBB+		429		451,104
Massachusetts Mutual Life Insurance Co., Sub. Notes, 3.729%, 10/15/70, 144A	A2/AA-		243		176,068
Massachusetts Mutual Life Insurance Co., Sub. Notes, 4.900%, 04/01/77, 144A	A2/AA-		980		871,063
MetLife, Inc., Jr. Sub. Notes, 10.750%, 08/01/39^(b)	Baa2/BBB		1,000		1,428,510
MetLife, Inc., Jr. Sub. Notes, 9.250%, 04/08/38, 144A^(b)	Baa2/BBB		1,059		1,264,123
New York Life Insurance Co., Sub. Notes, 6.750%, 11/15/39, 144A	Aa2/AA-		103		121,084
Pine Street Trust III, Sr. Unsec. Notes, 6.223%, 05/15/54, 144A^(b)	Baa1/A-		337		365,052
Prudential Financial, Inc., Jr. Sub. Notes, (3M LIBOR + 2.665%), 5.700%, 09/15/48^(b),(c)	Baa1/BBB+		1,241		1,256,671
					12,453,080
INTERNET (0.97%)
Meta Platforms, Inc., Sr. Unsec. Notes, 4.450%, 08/15/52^(b)	Aa3/AA-		500		460,434
Meta Platforms, Inc., Sr. Unsec. Notes, 5.400%, 08/15/54^(b)	Aa3/AA-		604		631,952
Netflix, Inc., Sr. Unsec. Notes, 4.900%, 08/15/34^(b)	Baa1/A		338		349,274
Prosus NV, Sr. Unsec. Notes, 4.987%, 01/19/52, 144A^(b)	Baa2/BBB		540		455,505
					1,897,165
IRON/STEEL (0.33%)
Cleveland-Cliffs, Inc., Co. Gty., 7.000%, 03/15/32, 144A^(b)	Ba3/BB-		278		280,403
Vale Overseas, Ltd., Co. Gty., 6.400%, 06/28/54^(b)	Baa3/BBB-		350		368,487
					648,890
LODGING (0.49%)
Las Vegas Sands Corp., Sr. Unsec. Notes, 6.200%, 08/15/34^(b)	Baa3/BB+		165		172,552
MGM China Holdings, Ltd., Sr. Unsec. Notes, 4.750%, 02/01/27, 144A^(b)	B1/B+		200		194,393
Wynn Macau, Ltd., Sr. Unsec. Notes, 5.625%, 08/26/28, 144A^(b)	B1/BB-		609		591,964
					958,909
MACHINERY-DIVERSIFIED (0.23%)
AGCO Corp., Co. Gty., 5.800%, 03/21/34^(b)	Baa2/BBB-		149		155,675
TK Elevator US Newco, Inc., Sr. Sec. Notes, 5.250%, 07/15/27, 144A^(b)	B2/B		300		296,850
					452,525
MEDIA (4.66%)
Comcast Corp., Co. Gty., 7.050%, 03/15/33^(f)	A3/A-		2,000		2,335,524
Cox Communications, Inc., Sr. Unsec. Notes, 6.800%, 08/01/28	Baa2/BBB		1,500		1,606,787
Cox Enterprises, Inc., Sr. Unsec. Notes, 7.375%, 07/15/27, 144A.	Baa2/BBB		500		532,585
Paramount Global, Jr. Sub. Notes, (H15T5Y + 3.999%), 6.375%, 03/30/62^(b),(c)	Ba1-/BB-		600		555,223
Paramount Global, Sr. Unsec. Notes, 4.200%, 05/19/32^(b)	Baa3-/BB+		550		487,311
Paramount Global, Sr. Unsec. Notes, 6.875%, 04/30/36	Baa3-/BB+		179		181,336
Time Warner Cable Enterprises LLC, Sr. Sec. Notes, 8.375%, 07/15/33	Ba1/BBB-		1,360		1,564,618
Walt Disney Co., Co. Gty., 7.900%, 12/01/95	A2/A-		1,400		1,871,312
					9,134,696
MINING (0.87%)
Alcoa Nederland Holding BV, Co. Gty., 7.125%, 03/15/31, 144A^(b)	Ba1/BB		200		213,243
Anglo American Capital PLC, Co. Gty., 5.750%, 04/05/34, 144A^(b)	Baa2/BBB-		654		682,123
AngloGold Ashanti Holdings PLC, Co. Gty., 3.750%, 10/01/30^(b)	Baa3/BB+		339		314,187
Glencore Funding LLC, Co. Gty., 5.893%, 04/04/54, 144A^(b)	A3/BBB+		276		289,907
Nexa Resources SA, Co. Gty., 6.750%, 04/09/34, 144A^(b)	NA/BBB-		200		212,555
					1,712,015
OIL & GAS (3.90%)
Aker BP ASA, Co. Gty., 3.100%, 07/15/31, 144A^(b)	Baa2/BBB		426		379,529

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
OIL & GAS (Continued)
BP Capital Markets PLC, Co. Gty., (H15T5Y + 4.036%), 4.375%, 06/22/25^(b),(c),(d)	A3/BBB	$	140	$	138,654
CITGO Petroleum Corp., Sr. Sec. Notes, 7.000%, 06/15/25, 144A^(b)	B3/B+		697		696,556
CITGO Petroleum Corp., Sr. Sec. Notes, 8.375%, 01/15/29, 144A^(b)	B3/B+		28		29,146
CVR Energy, Inc., Co. Gty., 5.750%, 02/15/28, 144A^(b)	B2/B+		602		565,339
Diamondback Energy, Inc., Co. Gty., 5.400%, 04/18/34^(b)	Baa2/BBB		382		389,629
Empresa Nacional del Petroleo, Sr. Unsec. Notes, 5.950%, 07/30/34, 144A^(b)	Baa3/BBB-		200		210,210
Eni SpA, Sr. Unsec. Notes, 5.950%, 05/15/54, 144A^(b)	Baa1/A-		289		297,198
Exxon Mobil Corp., Sr. Unsec. Notes, 4.227%, 03/19/40^(b)	Aa2/AA-		1,402		1,310,990
Occidental Petroleum Corp., Sr. Unsec. Notes, 6.450%, 09/15/36	Baa3/BB+		635		685,812
Petroleos del Peru SA, Sr. Unsec. Notes, 4.750%, 06/19/32, 144A	NA/B		513		403,683
Saudi Arabian Oil Co., Sr. Unsec. Notes, 2.250%, 11/24/30, 144A^(b)	A1/NA		853		749,923
Saudi Arabian Oil Co., Sr. Unsec. Notes, 5.750%, 07/17/54, 144A^(b)	A1/NA		200		202,502
TotalEnergies Capital SA, Co. Gty., 5.488%, 04/05/54^(b)	A1/A+		348		359,148
TotalEnergies Capital SA, Co. Gty., 5.425%, 09/10/64^(b)	A1/A+		743		746,374
Woodside Finance, Ltd., Co. Gty., 5.700%, 09/12/54^(b)	Baa1/BBB+		480		476,811
					7,641,504
PACKAGING & CONTAINERS (0.68%)
Ardagh Metal Packaging Finance USA LLC, Sr. Unsec. Notes, 4.000%, 09/01/29, 144A^(b)	Caa1/CCC+		200		177,921
Ball Corp., Co. Gty., 6.000%, 06/15/29^(b)	Ba1/BB+		651		673,469
Smurfit Kappa Treasury ULC, Co. Gty., 5.438%, 04/03/34, 144A^(b)	Baa2/BBB		212		221,024
Sonoco Products Co., Sr. Unsec. Notes, 4.450%, 09/01/26	Baa3/BBB-		262		262,029
					1,334,443
PHARMACEUTICALS (2.40%)
Bayer US Finance LLC, Co. Gty., 6.500%, 11/21/33, 144A^(b)	Baa2/BBB		227		245,917
Bristol-Myers Squibb Co., Sr. Unsec. Notes, 5.550%, 02/22/54^(b)	A2/A		821		869,675
CVS Health Corp., Sr. Unsec. Notes, 6.000%, 06/01/44^(b)	Baa2/BBB		431		445,120
CVS Health Corp., Sr. Unsec. Notes, 5.875%, 06/01/53^(b)	Baa2/BBB		151		153,448
CVS Health Corp., Sr. Unsec. Notes, 6.050%, 06/01/54^(b)	Baa2/BBB		485		505,113
Novartis Capital Corp., Co. Gty., 3.800%, 09/18/29^(b)	Aa3/AA-		981		974,098
Novartis Capital Corp., Co. Gty., 4.700%, 09/18/54^(b)	Aa3/AA-		196		191,564
Takeda Pharmaceutical Co., Ltd., Sr. Unsec. Notes, 5.300%, 07/05/34^(b)	Baa1/BBB+		802		835,534
Takeda Pharmaceutical Co., Ltd., Sr. Unsec. Notes, 3.175%, 07/09/50^(b)	Baa1/BBB+		684		490,394
					4,710,863
PIPELINES (6.35%)
Cheniere Energy Partners LP, Co. Gty., 3.250%, 01/31/32^(b)	Baa2/BBB-		91		81,378
Cheniere Energy Partners LP, Co. Gty., 5.950%, 06/30/33^(b)	Baa2/BBB-		92		97,362
Columbia Pipelines Operating Co. LLC, Sr. Unsec. Notes, 6.544%, 11/15/53, 144A^(b)	Baa1/NA		155		174,390
DT Midstream, Inc., Sr. Sec. Notes, 4.300%, 04/15/32, 144A^(b)	Baa2/BBB-		432		404,570
EIG Pearl Holdings Sarl, Sr. Sec. Notes, 4.387%, 11/30/46, 144A	A1/NA		700		576,492
Enbridge, Inc., Co. Gty., 6.700%, 11/15/53^(b)	Baa2/BBB+		227		262,526
Enbridge, Inc., Jr. Sub. Notes, (H15T5Y + 3.122%), 7.375%, 03/15/55^(b),(c)	Baa3/BBB-		577		598,473
Enbridge, Inc., Sub. Notes, (TSFR3M + 4.152%), 6.000%, 01/15/77^(b),(c)	Ba1/BBB-		750		750,636
Energy Transfer LP, Jr. Sub. Notes, (H15T5Y + 5.306%), 7.125%, 05/15/30^(b),(c),(d)	Ba1/BB+		160		163,345
Energy Transfer LP, Sr. Unsec. Notes, 5.950%, 05/15/54^(b)	Baa2/BBB		145		148,419
Enterprise Products Operating LLC, Co. Gty., (TSFR3M + 2.832%), 5.375%, 02/15/78^(b),(c)	Baa1/BBB		342		326,692
EQM Midstream Partners LP, Sr. Unsec. Notes, 6.375%, 04/01/29, 144A^(b)	Ba2/BBB-		168		173,472
Florida Gas Transmission Co. LLC, Sr. Unsec. Notes, 9.190%, 11/01/24, 144A	Baa2/BBB+		10		10,015
Global Partners LP, Co. Gty., 7.000%, 08/01/27^(b)	B2/B+		1,076		1,084,031
Global Partners LP, Co. Gty., 6.875%, 01/15/29^(b)	B2/B+		173		173,534
Global Partners LP, Co. Gty., 8.250%, 01/15/32, 144A^(b)	B2/B+		570		591,051
Howard Midstream Energy Partners LLC, Sr. Unsec. Notes, 8.875%, 07/15/28, 144A^(b)	B1/B+		203		215,281
Howard Midstream Energy Partners LLC, Sr. Unsec. Notes, 7.375%, 07/15/32, 144A^(b)	B1/B+		71		73,543
MPLX LP, Sr. Unsec. Notes, 4.900%, 04/15/58^(b)	Baa2/BBB		561		493,566
NGPL PipeCo LLC, Sr. Unsec. Notes, 7.768%, 12/15/37, 144A	Baa3/BBB-		880		1,040,763

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
PIPELINES (Continued)
ONEOK, Inc., Co. Gty., 6.050%, 09/01/33^(b)	Baa2/BBB	$	570	$	608,465
Panhandle Eastern Pipe Line Co. LP, Sr. Unsec. Notes, 7.000%, 07/15/29	Baa2/BBB		1,000		1,077,793
South Bow USA Infrastructure Holdings LLC, Co. Gty., 5.584%, 10/01/34, 144A^(b)	Baa3/BBB-		280		282,456
Targa Resources Partners LP, Co. Gty., 5.500%, 03/01/30^(b)	Baa3/BBB		1,177		1,198,393
TransCanada PipeLines, Ltd., Sr. Unsec. Notes, 4.625%, 03/01/34^(b)	Baa2/BBB+		765		752,759
TransCanada PipeLines, Ltd., Sr. Unsec. Notes, 4.875%, 05/15/48^(b)	Baa2/BBB+		59		55,158
Williams Cos., Inc., Sr. Unsec. Notes, 7.500%, 01/15/31	Baa2/BBB		911		1,037,440
					12,452,003
REITS (2.15%)
Agree LP, Co. Gty., 5.625%, 06/15/34^(b)	Baa1/BBB+		85		88,838
American Homes 4 Rent LP, Sr. Unsec. Notes, 5.500%, 02/01/34^(b)	Baa2/BBB		947		976,881
Brixmor Operating Partnership LP, Sr. Unsec. Notes, 3.850%, 02/01/25^(b)	Baa3/BBB		161		160,082
Park Intermediate Holdings LLC, Co. Gty., 7.000%, 02/01/30, 144A^(b)	B1/BB		313		325,355
Phillips Edison Grocery Center Operating Partnership I LP, Co. Gty., 5.750%, 07/15/34^(b)	Baa2/BBB		96		100,170
Phillips Edison Grocery Center Operating Partnership I LP, Co. Gty., 4.950%, 01/15/35^(b)	Baa2/BBB		280		274,774
Prologis Targeted US Logistics Fund LP, Co. Gty., 5.500%, 04/01/34, 144A^(b)	A3/A-		343		358,823
Rexford Industrial Realty LP, Co. Gty., 2.150%, 09/01/31^(b)	Baa2/BBB+		360		303,090
SBA Tower Trust, 2.593%, 10/15/31, 144A^(b)	A2/NA		454		387,609
Scentre Group Trust 2, Co. Gty., (H15T5Y + 4.379%), 4.750%, 09/24/80, 144A^(b),(c)	Baa1/BBB+		365		362,344
Simon Property Group LP, Sr. Unsec. Notes, 5.850%, 03/08/53^(b)	A3/A-		271		290,776
Vornado Realty LP, Sr. Unsec. Notes, 2.150%, 06/01/26^(b)	Ba1/BBB-		620		590,322
					4,219,064
RETAIL (1.23%)
Asbury Automotive Group, Inc., Co. Gty., 5.000%, 02/15/32, 144A^(b)	B1/BB		500		474,395
Home Depot, Inc., Sr. Unsec. Notes, 5.300%, 06/25/54^(b)	A2/A		920		965,820
Macy’s Retail Holdings LLC, Co. Gty., 5.875%, 03/15/30, 144A^(b)	Ba2/BB+		585		573,827
Starbucks Corp., Sr. Unsec. Notes, 4.450%, 08/15/49^(b)	Baa1/BBB+		451		399,929
					2,413,971
SEMICONDUCTORS (2.00%)
Broadcom, Inc., Sr. Unsec. Notes, 3.469%, 04/15/34, 144A^(b)	Baa3/BBB		1,655		1,488,868
Broadcom, Inc., Sr. Unsec. Notes, 3.187%, 11/15/36, 144A^(b)	Baa3/BBB		1,109		938,026
Intel Corp., Sr. Unsec. Notes, 5.150%, 02/21/34^(b)	Baa1/BBB+		1,328		1,340,444
Micron Technology, Inc., Sr. Unsec. Notes, 2.703%, 04/15/32^(b)	Baa3/BBB-		164		143,129
					3,910,467
SOFTWARE (1.58%)
Oracle Corp., Sr. Unsec. Notes, 4.200%, 09/27/29^(b)	Baa2/BBB		979		976,387
Oracle Corp., Sr. Unsec. Notes, 3.650%, 03/25/41^(b)	Baa2/BBB		1,745		1,441,209
VMware LLC, Sr. Unsec. Notes, 2.200%, 08/15/31^(b)	NA/BBB		788		676,278
					3,093,874
TELECOMMUNICATIONS (4.07%)
AT&T, Inc., Sr. Unsec. Notes, 4.500%, 05/15/35^(b)	Baa2/BBB		515		499,959
AT&T, Inc., Sr. Unsec. Notes, 4.750%, 05/15/46^(b)	Baa2/BBB		425		395,825
AT&T, Inc., Sr. Unsec. Notes, 3.550%, 09/15/55^(b)	Baa2/BBB		2,195		1,602,085
Deutsche Telekom International Finance BV, Co. Gty., 8.750%, 06/15/30^(f),(g)	Baa1/BBB+		2,000		2,413,773
Iliad Holding SASU, Sr. Sec. Notes, 8.500%, 04/15/31, 144A^(b)	B2/B+		200		215,104
NBN Co., Ltd., Sr. Unsec. Notes, 4.250%, 10/01/29, 144A^(b)	Aa3/NA		397		395,572
Verizon Communications, Inc., Sr. Unsec. Notes, 4.016%, 12/03/29^(b)	Baa1/BBB+		1,965		1,935,129
Verizon Communications, Inc., Sr. Unsec. Notes, 3.550%, 03/22/51^(b)	Baa1/BBB+		674		521,217
					7,978,664
TRANSPORTATION (0.82%)
BNSF Funding Trust I, Co. Gty., (3M LIBOR + 2.350%), 6.613%, 12/15/55^(b),(c)	Baa1/A		250		251,982

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
CORPORATE DEBT SECURITIES (Continued)
TRANSPORTATION (Continued)
CSX Corp., Sr. Unsec. Notes, 4.900%, 03/15/55^(b)	A3/BBB+	$	980	$	959,907
Union Pacific Corp., Sr. Unsec. Notes, 3.839%, 03/20/60^(b)	A3/A-		503		401,363
					1,613,252
TOTAL CORPORATE DEBT SECURITIES (Cost of $161,029,657)					162,080,222
ASSET-BACKED SECURITIES (12.34%)
Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.937%, 08/15/46, 144A^(b)	NA/A-		904		856,723
Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class A2, 5.300%, 06/21/28, 144A^(b)	Aaa/NA		48		47,857
Antares CLO, Ltd., Series 2017-1A, Class CR, (TSFR3M + 2.962%), 8.244%, 04/20/33, 144A^(b),(e)	NA/A		1,093		1,105,045
Apidos CLO XXXIX, Ltd., Series 2022-39A, Class A1, (TSFR3M + 1.300%), 6.582%, 04/21/35, 144A^(b),(e)	Aaa/AA+		950		952,808
Auxilior Term Funding LLC, Series 2023-1A, Class A2, 6.180%, 12/15/28, 144A^(b)	Aaa/NA		111		112,540
Avis Budget Rental Car Funding AESOP LLC, Series 2020-1A, Class A, 2.330%, 08/20/26, 144A^(b)	Aaa/NA		255		250,761
Blackbird Capital II Aircraft Lease, Ltd., Series 2021-1A, Class B, 3.446%, 07/15/46, 144A^(b)	Baa1/NA		267		242,445
BlackRock Shasta CLO XIII LLC, Series 2024-1A, Class A1, (TSFR3M + 1.850%), 7.150%, 07/15/36, 144A^(b),(e)	NA/AAA		740		741,181
Cerberus Loan Funding XXXVII LP, Series 2022-1A, Class A1, (TSFR3M + 1.780%), 7.081%, 04/15/34, 144A^(b),(e)	Aaa/NA		1,500		1,500,553
CF Hippolyta Issuer LLC, Series 2020-1, Class A1, 1.690%, 07/15/60, 144A^(b)	NA/A+		612		591,818
Chesapeake Funding II LLC, Series 2023-2A, Class A1, 6.160%, 10/15/35, 144A^(b)	Aaa/NA		117		118,704
Daimler Trucks Retail Trust, Series 2023-1, Class A3, 5.900%, 03/15/27^(b)	Aaa/NA		428		434,227
DataBank Issuer, Series 2021-2A, Class A2, 2.400%, 10/25/51, 144A^(b)	NA/NA		583		549,869
DB Master Finance LLC, Series 2021-1A, Class A2I, 2.045%, 11/20/51, 144A^(b)	NA/BBB		591		560,258
Domino’s Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.662%, 04/25/51, 144A^(b)	NA/BBB+		537		494,336
EnFin Residential Solar Receivables Trust, Series 2024-1A, Class A, 6.650%, 02/20/55, 144A^(b)	NA/NA		205		215,830
Flexential Issuer, Series 2021-1A, Class A2, 3.250%, 11/27/51, 144A^(b)	NA/NA		555		526,230
Ford Credit Auto Owner Trust, Series 2022-C, Class B, 5.030%, 02/15/28^(b)	Aaa/AA+		565		571,501
Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.870%, 08/15/36, 144A^(b),(h)	NA/AAA		255		260,230
Fortress Credit Opportunities IX CLO, Ltd., Series 2017-9A, Class A1TR, (TSFR3M + 1.812%), 7.113%, 10/15/33, 144A^(b),(e)	NA/AAA		600		600,911
Fortress Credit Opportunities XVII CLO, Ltd., Series 2022-17A, Class A, (TSFR3M + 1.370%), 6.671%, 01/15/30, 144A^(b),(e)	NA/AAA		2		2,144
Golub Capital Partners CLO 36m, Ltd., Series 2018-36A, Class C, (TSFR3M + 2.362%), 7.604%, 02/05/31, 144A^(b),(e)	NA/A		2,250		2,244,703
Hilton Grand Vacations Trust, Series 2023-1A, Class A, 5.720%, 01/25/38, 144A^(b)	Aaa/AAA		68		70,360
ITE Rail Fund Levered LP, Series 2021-1A, Class A, 2.250%, 02/28/51, 144A^(b)	NA/A		172		158,026
IVY Hill Middle Market Credit Fund XII, Ltd., Series 12A, Class BR, (TSFR3M + 3.162%), 8.444%, 07/20/33, 144A^(b),(e)	NA/A-		866		866,117
MCF CLO IX, Ltd., Series 2019-1A, Class A1RR, (TSFR3M + 2.000%), 7.286%, 04/17/36, 144A^(b),(e)	NA/AAA		550		553,286
MF1, Ltd., Series 2021-FL7, Class AS, (TSFR1M + 1.564%), 6.579%, 10/16/36, 144A^(b),(e)	NA/NA		923		910,103
MF1, Ltd., Series 2022-FL8, Class C, (TSFR1M + 2.200%), 7.165%, 02/19/37, 144A^(b),(e)	NA/NA		448		433,865
Navient Private Education Refi Loan Trust, Series 2021-A, Class A, 0.840%, 05/15/69, 144A^(b)	NA/AAA		74		66,825
Neuberger Berman Loan Advisers CLO 47, Ltd., Series 2022-47A, Class A, (TSFR3M + 1.300%), 6.601%, 04/14/35, 144A^(b),(e)	Aaa/NA		937		937,664
New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1, 1.910%, 10/20/61, 144A^(b)	NA/A		1,063		979,654
PMT Issuer Trust - FMSR, Series 2021-FT1, Class A, (TSFR1M + 3.115%), 7.970%, 03/25/26, 144A^(b),(e)	NA/NA		566		567,466
Purewest Funding LLC, Series 2021-1, Class A1, 4.091%, 12/22/36, 144A^(b)	NA/NA		104		102,358

The accompanying notes are an integral part of these financial statements.

SCHEDULE OF INVESTMENTS (Unaudited) — continued

	Moody’s/ Standard & Poor’s Rating^(a)	Principal Amount (000’s)		Value (Note1)
ASSET-BACKED SECURITIES (Continued)
RCKT Mortgage Trust, Series 2024-CES2, Class A2, 6.389%, 04/25/44, 144A^(b),(e)	NA/NA	$	148	$	150,290
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.740%, 10/16/28^(b)	Aaa/AAA		352		351,784
SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A2A, 5.890%, 03/22/27, 144A^(b)	Aaa/AAA		79		79,720
Slam, Ltd., Series 2021-1A, Class A, 2.434%, 06/15/46, 144A^(b)	A1/NA		1,072		987,639
SMB Private Education Loan Trust, Series 2017-B, Class A2B, (TSFR1M + 0.864%), 5.961%, 10/15/35, 144A^(b),(e)	Aaa/AAA		122		122,288
Tesla Auto Lease Trust, Series 2023-B, Class A3, 6.130%, 09/21/26, 144A^(b)	Aaa/NA		449		453,350
Textainer Marine Containers VII, Ltd., Series 2021-1A, Class A, 1.680%, 02/20/46, 144A^(b)	NA/A		735		667,651
TIF Funding II LLC, Series 2021-1A, Class A, 1.650%, 02/20/46, 144A^(b)	NA/A+		390		349,515
TIF Funding III LLC, Series 2024-1A, Class A, 5.480%, 04/20/49, 144A^(b)	NA/AA		406		411,569
United States Small Business Administration, Series 2010-20F, Class 1, 3.880%, 06/01/30	Aaa/AA+		26		25,904
Voya CLO, Ltd., Series 2019-1A, Class A1RR, (TSFR3M + 1.370%), 0.010%, 10/15/37, 144A^(b),(e)	NA/NA		500		500,000

SEC Form N-CSRS filed by Insight Select Income Fund