1

Portfolio

of

Investments

March

31,

2025

JRI

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

147.0%

(98.8%

of

Total

Investments)

77847557

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

21.4%

(14.4%

of

Total

Investments)

77847557

ENERGY

-

7.5%

$

930,000

Enbridge

Inc

8.500

%

01/15/84

$

1,024,304

1,260,000

Enbridge

Inc

7.625

01/15/83

1,319,742

650,000

Enbridge

Inc

5.750

07/15/80

628,527

2,315,000

Enbridge

Inc

6.000

01/15/77

2,283,891

1,647,000

Enbridge

Inc

5.500

07/15/77

1,599,559

1,500,000

Enbridge

Inc

6.250

03/01/78

1,483,060

1,190,000

(a)

Energy

Transfer

LP

6.500

N/A

1,188,597

580,000

Energy

Transfer

LP

8.000

05/15/54

610,362

1,451,000

(a)

Energy

Transfer

LP

7.125

N/A

1,468,226

1,184,000

(b)

Energy

Transfer

LP

(TSFR3M

+

3.279%)

7.570

11/01/66

1,178,080

648,000

Energy

Transfer

LP

7.125

10/01/54

658,000

2,369,000

Enterprise

Products

Operating

LLC

5.375

02/15/78

2,317,260

1,633,000

Enterprise

Products

Operating

LLC

5.250

08/16/77

1,607,807

CAD

780,000

Inter

Pipeline

Ltd/AB

6.625

11/19/79

550,176

725,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.625

03/01/55

735,480

378,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500

03/01/55

382,431

829,000

TransCanada

PipeLines

Ltd

7.590

05/15/67

760,607

1,200,000

Transcanada

Trust

5.600

03/07/82

1,121,321

1,194,000

Transcanada

Trust

5.500

09/15/79

1,151,556

300,000

Transcanada

Trust

5.300

03/15/77

289,244

1,274,000

Transcanada

Trust

5.875

08/15/76

1,265,146

3,893,000

(a),(c)

Venture

Global

LNG

Inc

9.000

N/A

3,694,414

TOTAL

ENERGY

27,317,790

FINANCIAL

SERVICES

-

0.5%

375,000

National

Rural

Utilities

Cooperative

Finance

Corp

5.250

04/20/46

367,514

1,283,000

Transcanada

Trust

5.625

05/20/75

1,281,819

TOTAL

FINANCIAL

SERVICES

1,649,333

UTILITIES

-

13.4%

950,000

(c)

AES

Andes

SA

8.150

06/10/55

981,217

967,000

AES

Corp/The

7.600

01/15/55

975,808

CAD

1,425,000

AltaGas

Ltd

7.350

08/17/82

1,032,797

CAD

625,000

AltaGas

Ltd

8.900

11/10/83

480,434

2,010,000

(c)

AltaGas

Ltd

7.200

10/15/54

1,982,839

CAD

675,000

Capital

Power

Corp

7.950

09/09/82

510,426

1,073,000

CMS

Energy

Corp

4.750

06/01/50

1,009,077

1,641,000

CMS

Energy

Corp

6.500

06/01/55

1,599,121

2,981,000

Dominion

Energy

Inc

6.625

05/15/55

2,960,059

1,651,000

Dominion

Energy

Inc

7.000

06/01/54

1,735,292

2,555,000

Duke

Energy

Corp

6.450

09/01/54

2,550,688

1,090,000

(a)

Edison

International

5.375

N/A

1,043,190

261,000

Edison

International

7.875

06/15/54

251,196

1,375,000

(a)

Edison

International

5.000

N/A

1,242,228

411,000

Edison

International

8.125

06/15/53

400,807

GBP

900,000

(a)

Electricite

de

France

SA,

Reg

S

5.875

N/A

1,133,032

1,013,000

(a),(c)

Electricite

de

France

SA

9.125

N/A

1,139,327

1,838,000

Emera

Inc

6.750

06/15/76

1,843,870

1,622,000

Entergy

Corp

7.125

12/01/54

1,641,855

733,000

EUSHI

Finance

Inc

7.625

12/15/54

762,698

1,698,000

Evergy

Inc

6.650

06/01/55

1,670,180

2,417,000

Exelon

Corp

6.500

03/15/55

2,406,698

1,301,000

NextEra

Energy

Capital

Holdings

Inc

5.650

05/01/79

1,273,769

2,008,000

NextEra

Energy

Capital

Holdings

Inc

6.375

08/15/55

2,010,163

581,000

NextEra

Energy

Capital

Holdings

Inc

6.750

06/15/54

593,054

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

2

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

2,475,000

NiSource

Inc

6.950

%

11/30/54

$

2,509,368

1,580,000

PG&E

Corp

7.375

03/15/55

1,552,906

1,608,000

Sempra

6.550

04/01/55

1,529,733

1,381,000

Sempra

6.875

10/01/54

1,367,446

1,547,000

Sempra

6.400

10/01/54

1,467,316

850,000

Sempra

4.125

04/01/52

798,718

1,679,000

Southern

Co/The

6.375

03/15/55

1,719,234

912,000

Southern

Co/The

4.000

01/15/51

900,410

2,662,000

(a),(c)

Vistra

Corp

8.875

N/A

2,846,343

403,000

(a),(c)

Vistra

Corp

7.000

N/A

408,077

537,000

(a),(c)

Vistra

Corp

8.000

N/A

551,058

TOTAL

UTILITIES

48,880,434

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(Cost

$78,066,065)

77,847,557

SHARES

DESCRIPTION

RATE

VALUE

57686869

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

15.8%

(10.6%

of

Total

Investments)

57686869

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

10.7%

146,415

Agree

Realty

Corp

4.250

2,519,802

79,797

American

Homes

4

Rent

5.875

1,771,494

64,230

Armada

Hoffler

Properties

Inc

6.750

1,415,629

40,643

DiamondRock

Hospitality

Co

8.250

1,006,727

66,982

Digital

Realty

Trust

Inc

5.200

1,347,678

58,794

Digital

Realty

Trust

Inc

5.250

1,231,146

78,287

Federal

Realty

Investment

Trust

5.000

1,598,621

64,558

Kimco

Realty

Corp

5.125

1,330,540

86,943

Kimco

Realty

Corp

5.250

1,819,717

2,301

Mid-America

Apartment

Communities

Inc

8.500

127,970

54,508

National

Storage

Affiliates

Trust

6.000

1,193,180

43,067

Pebblebrook

Hotel

Trust

6.375

762,717

69,500

Pebblebrook

Hotel

Trust

6.300

1,216,945

55,405

Pebblebrook

Hotel

Trust

5.700

903,656

34,150

Public

Storage

4.125

584,306

15,044

Public

Storage

5.050

314,720

40,464

Public

Storage

3.875

653,494

33,970

Public

Storage

3.950

551,673

40,054

Public

Storage

3.900

642,867

53,330

Public

Storage

4.100

893,277

51,120

Public

Storage

4.000

831,211

35,300

Public

Storage

4.750

695,410

40,763

Public

Storage

4.625

770,421

37,943

Public

Storage

4.875

763,034

56,168

Public

Storage

4.000

913,292

17,329

Public

Storage

4.700

337,742

58,012

Regency

Centers

Corp

5.875

1,271,623

68,163

Regency

Centers

Corp

6.250

1,590,925

39,574

Rexford

Industrial

Realty

Inc

5.875

906,245

94,928

Rexford

Industrial

Realty

Inc

5.625

2,064,684

38,516

Summit

Hotel

Properties

Inc

6.250

765,698

20,251

Summit

Hotel

Properties

Inc

5.875

392,464

51,424

Sunstone

Hotel

Investors

Inc

5.700

952,372

40,419

Sunstone

Hotel

Investors

Inc

6.125

799,892

18,724

UMH

Properties

Inc

6.375

419,043

77,577

Vornado

Realty

Trust

5.250

1,280,796

75,541

Vornado

Realty

Trust

5.250

1,234,340

37,425

Vornado

Realty

Trust

5.400

631,360

46,658

Vornado

Realty

Trust

4.450

682,607

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

39,189,318

FINANCIAL

SERVICES

-

0.1%

25,426

Brookfield

Finance

Inc

4.625

398,934

TOTAL

FINANCIAL

SERVICES

398,934

3

SHARES

DESCRIPTION

RATE

VALUE

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.2%

25,270

Brookfield

Property

Partners

LP

6.500

%

$

343,925

10,309

Brookfield

Property

Partners

LP

6.375

142,470

35,153

Brookfield

Property

Partners

LP

5.750

436,249

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

922,644

UTILITIES

-

4.8%

25,854

BIP

Bermuda

Holdings

I

Ltd

5.125

422,196

41,127

Brookfield

BRP

Holdings

Canada

Inc

4.625

603,333

13,470

Brookfield

Infrastructure

Finance

ULC

5.000

221,986

65,426

Brookfield

Infrastructure

Partners

LP

5.125

1,089,997

20,719

Brookfield

Infrastructure

Partners

LP

5.000

337,305

75,784

Brookfield

Renewable

Partners

LP

5.250

1,338,345

19,998

CMS

Energy

Corp

5.875

456,154

38,931

CMS

Energy

Corp

4.200

676,621

20,157

CMS

Energy

Corp

5.875

451,517

14,338

CMS

Energy

Corp

5.625

313,142

53,236

DTE

Energy

Co

4.375

961,442

38,938

DTE

Energy

Co

5.250

842,229

51,733

DTE

Energy

Co

4.375

929,125

45,520

Duke

Energy

Corp

5.750

1,118,426

40,204

Duke

Energy

Corp

5.625

960,071

45,803

Georgia

Power

Co

5.000

1,010,414

23,200

PG&E

Corp

6.000

1,037,968

22,463

SCE

Trust

VII

7.500

516,649

39,475

SCE

Trust

VIII

6.950

896,477

54,124

Southern

Co/The

4.200

994,258

42,000

Southern

Co/The

6.500

1,076,880

26,576

Southern

Co/The

4.950

542,682

17,592

Southern

Co/The

5.250

378,756

TOTAL

UTILITIES

17,175,973

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(Cost

$68,216,507)

57,686,869

SHARES

DESCRIPTION

VALUE

262401884

COMMON

STOCKS

-

72.1%

(48.5%

of

Total

Investments)

262401884

ENERGY

-

12.4%

185,266

Enbridge

Inc

8,209,136

499,889

Energy

Transfer

LP

9,292,937

126,891

Enterprise

Products

Partners

LP

4,332,059

79,957

Gibson

Energy

Inc

1,240,152

122,124

Kinder

Morgan

Inc

3,484,198

72,296

MPLX

LP

3,869,282

44,202

ONEOK

Inc

4,385,722

137,931

Pembina

Pipeline

Corp

5,517,048

100,628

Plains

All

American

Pipeline

LP

2,012,560

28,565

Plains

GP

Holdings

LP,

Class

A

610,148

28,961

TC

Energy

Corp

1,367,701

12,209

Williams

Cos

Inc/The

729,610

TOTAL

ENERGY

45,050,553

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

35.3%

3,469

Agree

Realty

Corp

267,772

43,676

American

Homes

4

Rent

1,031,627

158,896

Apple

Hospitality

REIT

Inc

2,051,347

120,767

Armada

Hoffler

Properties

Inc

906,960

2,906,875

Assura

PLC

1,744,431

469,178

British

Land

Co

PLC/The

2,246,383

144,151

Broadstone

Net

Lease

Inc

2,456,333

6,953

BXP

Inc

467,172

612,924

CapitaLand

Integrated

Commercial

Trust

952,454

27,260

Centerspace

1,765,085

82,034

Charter

Hall

Long

Wale

REIT

190,424

652,441

Charter

Hall

Retail

REIT

1,468,493

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

4

SHARES

DESCRIPTION

VALUE

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

(continued)

100,918

Choice

Properties

Real

Estate

Investment

Trust

$

978,289

62,476

Community

Healthcare

Trust

Inc

1,134,564

9,689

Cousins

Properties

Inc

285,825

116,096

Crombie

Real

Estate

Investment

Trust

1,149,625

6,239

Crown

Castle

Inc

650,291

194,249

CT

Real

Estate

Investment

Trust

1,958,621

59,938

CubeSmart

2,559,952

1,553

Daiwa

Securities

Living

Investments

Corp

919,684

27,977

Derwent

London

PLC

667,131

54,388

Digital

Realty

Trust

Inc

1,268,872

160,376

Dream

Industrial

Real

Estate

Investment

Trust

1,259,337

15,612

Elme

Communities

271,649

25,270

Equity

Residential

1,808,827

7,940

Extra

Space

Storage

Inc

1,179,011

3,042

Federal

Realty

Investment

Trust

297,568

119,136

Four

Corners

Property

Trust

Inc

3,419,203

1,541,215

Frasers

Centrepoint

Trust

2,494,677

789,082

Frasers

Logistics

&

Commercial

Trust

535,785

143,975

Gaming

and

Leisure

Properties

Inc

7,328,327

14,018

Gecina

SA

1,315,358

405,034

Hammerson

PLC

1,293,975

82,624

Healthcare

Realty

Trust

Inc

1,396,346

248,011

Healthpeak

Properties

Inc

5,014,782

38,831

Highwoods

Properties

Inc

1,150,951

1,768,627

(d),(e)

Home

Reit

PLC

2,285

90,254

Host

Hotels

&

Resorts

Inc

1,282,509

4,642

Invincible

Investment

Corp

1,956,064

7,945

Iron

Mountain

Inc

683,588

710

Japan

Metropolitan

Fund

Invest

452,898

1,929

KDX

Realty

Investment

Corp

1,902,034

39,742

Kilroy

Realty

Corp

1,301,948

72,915

Kimco

Realty

Corp

1,548,715

24,659

Lamar

Advertising

Co,

Class

A

2,805,701

1,254

LaSalle

Logiport

REIT

1,165,048

145,796

Link

REIT

683,225

1,146,380

LondonMetric

Property

PLC

2,722,158

306,871

LXP

Industrial

Trust

2,654,434

610,287

Mapletree

Industrial

Trust

951,828

1,705,378

Mapletree

Logistics

Trust

1,657,384

7,909

Montea

NV

565,086

87,445

NETSTREIT

Corp

1,386,003

300,679

Nexus

Industrial

REIT

1,435,436

70,030

NNN

REIT

Inc

2,986,779

129,130

Omega

Healthcare

Investors

Inc

4,917,270

955

Orix

JREIT

Inc

1,123,287

222,888

Parkway

Life

Real

Estate

Investment

Trust

687,002

1,693

Plymouth

Industrial

REIT

Inc

27,596

63,984

Postal

Realty

Trust

Inc,

Class

A

913,691

79,575

Primaris

Real

Estate

Investment

Trust

823,371

9,700

Rayonier

Inc

270,436

61,585

Realty

Income

Corp

3,572,546

30,637

Rexford

Industrial

Realty

Inc

1,199,439

17,817

RioCan

Real

Estate

Investment

Trust

212,336

925

Ryman

Hospitality

Properties

Inc

84,582

88,659

Sabra

Health

Care

REIT

Inc

1,548,873

81,972

Safestore

Holdings

PLC

652,650

658,364

Scentre

Group

1,392,963

33,880

Simon

Property

Group

Inc

5,626,790

12,077

SL

Green

Realty

Corp

696,843

43,763

STAG

Industrial

Inc

1,580,720

5,270

Star

Asia

Investment

Corp

1,897,941

306,590

Stockland

946,000

5

SHARES

DESCRIPTION

VALUE

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

(continued)

712,089

Tritax

Big

Box

REIT

PLC

$

1,291,456

116,776

UDR

Inc

5,274,772

27,173

UNITE

Group

PLC/The

285,957

1,903

United

Urban

Investment

Corp

1,887,416

582,460

Urban

Logistics

REIT

PLC

978,110

739

VICI

Properties

Inc

24,106

1,591,356

Vicinity

Ltd

2,203,537

94,532

Warehouses

De

Pauw

CVA

2,240,989

531,291

Waypoint

REIT

Ltd

791,503

68,065

Wereldhave

NV

1,178,363

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

128,360,799

FINANCIAL

SERVICES

-

1.0%

48,523

Apollo

Commercial

Real

Estate

Finance

Inc

464,365

18,932

Blackstone

Mortgage

Trust

Inc,

Class

A

378,640

138,394

Starwood

Property

Trust

Inc

2,736,049

TOTAL

FINANCIAL

SERVICES

3,579,054

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.6%

98,791

Chartwell

Retirement

Residences

1,151,950

414,840

Sienna

Senior

Living

Inc

4,785,340

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

5,937,290

MATERIALS

-

0.4%

4,769,042

Keppel

Infrastructure

Trust

1,508,573

TOTAL

MATERIALS

1,508,573

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

2.0%

685,784

Capitaland

India

Trust

491,697

52,508

Cibus

Nordic

Real

Estate

AB

publ

774,011

414,873

Hongkong

Land

Holdings

Ltd

1,792,251

1,027,059

Sino

Land

Co

Ltd

1,028,122

1,796,232

Sirius

Real

Estate

Ltd

1,960,638

614,063

Swire

Properties

Ltd

1,346,723

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

7,393,442

TELECOMMUNICATION

SERVICES

-

0.8%

384,876

HKT

Trust

&

HKT

Ltd

514,164

127,618

Infrastrutture

Wireless

Italiane

SpA

1,350,954

164,531

(c)

RAI

Way

SpA

1,033,642

TOTAL

TELECOMMUNICATION

SERVICES

2,898,760

TRANSPORTATION

-

3.1%

10,302

Aena

SME

SA

2,416,890

536,897

Atlas

Arteria

Ltd

1,633,657

435,742

Aurizon

Holdings

Ltd

847,092

530,401

Dalrymple

Bay

Infrastructure

Ltd

1,277,909

71,709

Enav

SpA

283,677

3,272

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV,

ADR

257,277

9,806

Grupo

Aeroportuario

del

Pacifico

SAB

de

CV,

ADR

1,819,111

7,932

Grupo

Aeroportuario

del

Sureste

SAB

de

CV,

ADR

2,171,940

70,784

Transurban

Group

596,191

TOTAL

TRANSPORTATION

11,303,744

UTILITIES

-

15.5%

3,721

American

Electric

Power

Co

Inc

406,594

28,426

Capital

Power

Corp

944,801

124,396

CK

Infrastructure

Holdings

Ltd

744,813

50,010

Clearway

Energy

Inc,

Class

A

1,423,285

258,254

CLP

Holdings

Ltd

2,102,389

19,433

Duke

Energy

Corp

2,370,243

7,004

Emera

Inc

294,995

55,739

Endesa

SA

1,476,629

543,262

Enel

SpA

4,403,955

141,969

Engie

SA

2,766,381

132,520

ENN

Energy

Holdings

Ltd

1,095,314

8,660

Entergy

Corp

740,343

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

6

SHARES

DESCRIPTION

VALUE

UTILITIES

(continued)

109,052

Evergy

Inc

$

7,519,135

84,245

Exelon

Corp

3,882,010

174,650

Iberdrola

SA

2,820,261

119,116

Italgas

SpA

854,084

122,853

National

Grid

PLC

1,602,521

73,692

National

Grid

PLC,

Sponsored

ADR

4,834,932

40,166

Northwestern

Energy

Group

Inc

2,324,406

23,229

OGE

Energy

Corp

1,067,605

307,564

Pennon

Group

PLC

1,781,666

17,000

Pinnacle

West

Capital

Corp

1,619,250

144,577

Redeia

Corp

SA

2,901,844

330,338

REN

-

Redes

Energeticas

Nacionais

SGPS

SA

980,499

789,919

Snam

SpA

4,095,597

177,019

Vector

Ltd

393,970

26,813

Veolia

Environnement

SA

922,147

TOTAL

UTILITIES

56,369,669

TOTAL

COMMON

STOCKS

(Cost

$237,699,791)

262,401,884

SHARES

DESCRIPTION

RATE

VALUE

5467586

CONVERTIBLE

PREFERRED

SECURITIES

-

1.5%

(1.0%

of

Total

Investments)

5467586

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

0.4%

13,513

Kimco

Realty

Corp

7.250

%

812,807

8,595

LXP

Industrial

Trust

6.500

391,932

10,819

RLJ

Lodging

Trust

1.950

263,984

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

1,468,723

UTILITIES

-

1.1%

38,850

NextEra

Energy

Inc

7.299

1,857,418

52,706

NextEra

Energy

Inc

6.926

2,141,445

TOTAL

UTILITIES

3,998,863

TOTAL

CONVERTIBLE

PREFERRED

SECURITIES

(Cost

$5,817,580)

5,467,586

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

109297660

CORPORATE

BONDS

-

30.0%

(20.2%

of

Total

Investments)

109297660

AUTOMOBILES

&

COMPONENTS

-

0.2%

$

605,000

(c)

Clarios

Global

LP

/

Clarios

US

Finance

Co

6.750

02/15/30

610,766

TOTAL

AUTOMOBILES

&

COMPONENTS

610,766

CAPITAL

GOODS

-

1.2%

1,600,000

(c)

Advanced

Drainage

Systems

Inc

6.375

06/15/30

1,606,963

1,080,000

(c)

Chart

Industries

Inc

7.500

01/01/30

1,120,118

750,000

(c)

Dcli

Bidco

LLC

7.750

11/15/29

771,959

930,000

(c)

Trinity

Industries

Inc

7.750

07/15/28

964,113

TOTAL

CAPITAL

GOODS

4,463,153

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

0.2%

705,000

(c)

LCM

Investments

Holdings

II

LLC

4.875

05/01/29

661,570

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

661,570

CONSUMER

SERVICES

-

2.0%

EUR

300,000

(a)

Accor

SA,

Reg

S

7.250

N/A

356,829

475,000

Choice

Hotels

International

Inc

5.850

08/01/34

475,996

1,500,000

(c)

Churchill

Downs

Inc

5.750

04/01/30

1,467,195

200,000

(c)

Hilton

Domestic

Operating

Co

Inc

4.000

05/01/31

181,124

725,000

(c)

Hilton

Domestic

Operating

Co

Inc

5.875

03/15/33

717,850

400,000

(c)

Merlin

Entertainments

Group

US

Holdings

Inc

7.375

02/15/31

377,819

750,000

MGM

Resorts

International

6.500

04/15/32

735,442

1,615,000

Piedmont

Operating

Partnership

LP

9.250

07/20/28

1,779,542

695,000

(c)

Six

Flags

Entertainment

Corp

/

Six

Flags

Theme

Parks

Inc

6.625

05/01/32

700,749

690,000

(c)

Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp

6.250

03/15/33

672,015

TOTAL

CONSUMER

SERVICES

7,464,561

7

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ENERGY

-

6.1%

$

935,000

(c)

Archrock

Partners

LP

/

Archrock

Partners

Finance

Corp

6.250

%

04/01/28

$

935,717

790,000

(c)

Archrock

Partners

LP

/

Archrock

Partners

Finance

Corp

6.625

09/01/32

793,103

1,240,000

(c)

Blue

Racer

Midstream

LLC

/

Blue

Racer

Finance

Corp

7.000

07/15/29

1,267,255

1,250,000

(c)

Buckeye

Partners

LP

6.875

07/01/29

1,270,662

1,490,000

Cheniere

Energy

Partners

LP

4.500

10/01/29

1,449,228

510,000

(c)

CNX

Midstream

Partners

LP

4.750

04/15/30

474,797

200,000

(c)

CQP

Holdco

LP

/

BIP-V

Chinook

Holdco

LLC

5.500

06/15/31

191,871

300,000

(c)

CQP

Holdco

LP

/

BIP-V

Chinook

Holdco

LLC

7.500

12/15/33

316,098

765,000

(c)

Delek

Logistics

Partners

LP

/

Delek

Logistics

Finance

Corp

8.625

03/15/29

792,424

955,000

(c)

DT

Midstream

Inc

4.375

06/15/31

878,416

205,000

(c)

EQM

Midstream

Partners

LP

7.500

06/01/27

209,328

665,000

Genesis

Energy

LP

/

Genesis

Energy

Finance

Corp

8.000

05/15/33

670,175

CAD

515,000

Gibson

Energy

Inc

5.250

12/22/80

347,239

1,000,000

(c)

Global

Partners

LP

/

GLP

Finance

Corp

8.250

01/15/32

1,027,962

750,000

(c)

Harvest

Midstream

I

LP

7.500

05/15/32

770,753

CAD

1,110,000

Keyera

Corp

5.950

03/10/81

774,698

CAD

670,000

Keyera

Corp

6.875

06/13/79

487,076

2,135,000

ONEOK

Inc

5.050

11/01/34

2,061,064

CAD

1,784,000

Pembina

Pipeline

Corp

4.800

01/25/81

1,193,999

665,000

(a),(b)

Plains

All

American

Pipeline

LP

(TSFR3M

+

4.372%)

8.695

N/A

663,546

150,000

(c)

Rockies

Express

Pipeline

LLC

6.750

03/15/33

152,512

780,000

(c)

Sunoco

LP

7.000

05/01/29

797,927

300,000

(c)

Sunoco

LP

6.250

07/01/33

300,314

450,000

Targa

Resources

Corp

6.150

03/01/29

470,532

970,000

Targa

Resources

Corp

6.125

03/15/33

1,012,500

555,000

(c)

TransMontaigne

Partners

LLC

8.500

06/15/30

559,085

361,905

(c)

Transocean

Titan

Financing

Ltd

8.375

02/01/28

369,704

1,145,000

(c)

US

LIQUIDSCO0

5.584

10/01/34

1,121,092

720,000

(c)

USA

Compression

Partners

LP

/

USA

Compression

Finance

Corp

7.125

03/15/29

732,290

TOTAL

ENERGY

22,091,367

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

6.0%

1,735,000

Agree

LP

4.800

10/01/32

1,690,887

840,000

Alexandria

Real

Estate

Equities

Inc

5.250

05/15/36

819,307

1,060,000

American

Assets

Trust

LP

6.150

10/01/34

1,059,874

1,155,000

American

Homes

4

Rent

LP

5.500

02/01/34

1,156,221

1,495,000

American

Tower

Corp

5.500

03/15/28

1,530,343

1,460,000

Essex

Portfolio

LP

5.500

04/01/34

1,473,807

1,285,000

Extra

Space

Storage

LP

5.700

04/01/28

1,319,923

1,200,000

Federal

Realty

OP

LP

5.375

05/01/28

1,220,313

340,000

GLP

Capital

LP

/

GLP

Financing

II

Inc

5.750

06/01/28

345,967

650,000

GLP

Capital

LP

/

GLP

Financing

II

Inc

6.750

12/01/33

689,737

1,635,000

(c)

Iron

Mountain

Inc

6.250

01/15/33

1,619,242

630,000

Kilroy

Realty

LP

6.250

01/15/36

624,619

655,000

Kimco

Realty

OP

LLC

4.600

02/01/33

632,782

1,010,000

Kite

Realty

Group

LP

5.500

03/01/34

1,011,276

798,000

Kite

Realty

Group

LP

4.000

10/01/26

789,461

780,000

Mid-America

Apartments

LP

5.300

02/15/32

792,840

215,000

(c)

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp

8.500

02/15/32

219,019

2,500,000

(c)

RHP

Hotel

Properties

LP

/

RHP

Finance

Corp

6.500

04/01/32

2,495,521

957,000

(c)

Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

10.500

02/15/28

1,016,613

500,000

(c)

Uniti

Group

LP

/

Uniti

Group

Finance

2019

Inc

/

CSL

Capital

LLC

6.500

02/15/29

449,099

1,110,000

Ventas

Realty

LP

5.000

01/15/35

1,073,520

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

22,030,371

FINANCIAL

SERVICES

-

1.7%

1,000,000

(c)

Azorra

Finance

Ltd

7.750

04/15/30

996,778

1,150,000

(c)

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC

8.000

06/15/27

1,190,515

1,150,000

(c)

Hunt

Cos

Inc

5.250

04/15/29

1,099,140

930,000

National

Rural

Utilities

Cooperative

Finance

Corp

7.125

09/15/53

957,043

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

8

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIAL

SERVICES

(continued)

$

585,000

(c)

Starwood

Property

Trust

Inc

7.250

%

04/01/29

$

599,712

1,445,000

(c)

Starwood

Property

Trust

Inc

6.000

04/15/30

1,412,021

TOTAL

FINANCIAL

SERVICES

6,255,209

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.9%

750,000

(c)

CHS/Community

Health

Systems

Inc

5.250

05/15/30

618,783

600,000

(c)

LifePoint

Health

Inc

11.000

10/15/30

652,265

1,250,000

(c)

Prime

Healthcare

Services

Inc

9.375

09/01/29

1,179,317

200,000

Tenet

Healthcare

Corp

6.125

10/01/28

199,085

500,000

Tenet

Healthcare

Corp

6.125

06/15/30

497,688

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

3,147,138

MATERIALS

-

0.2%

750,000

(c)

Mineral

Resources

Ltd

8.000

11/01/27

740,978

TOTAL

MATERIALS

740,978

MEDIA

&

ENTERTAINMENT

-

1.6%

750,000

(c)

Cablevision

Lightpath

LLC

5.625

09/15/28

687,555

1,463,000

(c)

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp

6.375

09/01/29

1,458,631

500,000

(c)

CSC

Holdings

LLC

5.500

04/15/27

462,909

375,000

(c)

CSC

Holdings

LLC

11.250

05/15/28

362,535

1,800,000

(c)

DISH

Network

Corp

11.750

11/15/27

1,895,538

1,050,000

(c)

LCPR

Senior

Secured

Financing

DAC

6.750

10/15/27

877,840

TOTAL

MEDIA

&

ENTERTAINMENT

5,745,008

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.8%

750,000

(c)

Cushman

&

Wakefield

US

Borrower

LLC

6.750

05/15/28

751,905

750,000

Kennedy-Wilson

Inc

4.750

03/01/29

686,698

1,500,000

Tenet

Healthcare

Corp

6.750

05/15/31

1,521,430

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

2,960,033

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.1%

283,000

(c)

CommScope

LLC

9.500

12/15/31

291,490

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

291,490

TELECOMMUNICATION

SERVICES

-

2.3%

600,000

EchoStar

Corp

10.750

11/30/29

630,458

865,000

(c)

Iliad

Holding

SASU

8.500

04/15/31

907,179

645,000

(c)

Iliad

Holding

SASU

7.000

04/15/32

645,853

500,000

(c)

Level

3

Financing

Inc

3.750

07/15/29

363,738

750,000

(c)

Level

3

Financing

Inc

10.000

10/15/32

746,887

775,000

(c)

Lumen

Technologies

Inc

4.500

01/15/29

627,405

1,000,000

(c)

Sable

International

Finance

Ltd

7.125

10/15/32

958,647

470,000

(c)

Windstream

Escrow

LLC

/

Windstream

Escrow

Finance

Corp

8.250

10/01/31

478,510

717,000

(c)

Zayo

Group

Holdings

Inc

6.125

03/01/28

596,363

1,550,000

(c)

Zayo

Group

Holdings

Inc

4.000

03/01/27

1,411,800

910,000

(c)

Zegona

Finance

PLC

8.625

07/15/29

963,804

TOTAL

TELECOMMUNICATION

SERVICES

8,330,644

TRANSPORTATION

-

1.3%

1,406,000

(c)

Air

Transport

Services

Group

Inc

7.250

03/15/32

1,433,122

1,975,000

(c)

Brightline

East

LLC

11.000

01/31/30

1,739,688

550,000

(c)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding

Inc

9.500

06/01/28

544,336

1,200,000

(c)

XPO

Inc

7.125

06/01/31

1,228,800

TOTAL

TRANSPORTATION

4,945,946

UTILITIES

-

5.4%

780,000

AEP

Transmission

Co

LLC

5.150

04/01/34

779,698

1,275,000

Ameren

Illinois

Co

4.950

06/01/33

1,268,450

1,295,000

(c)

California

Buyer

Ltd

/

Atlantica

Sustainable

Infrastructure

PLC

6.375

02/15/32

1,255,706

630,000

CenterPoint

Energy

Houston

Electric

LLC

5.200

10/01/28

645,028

1,500,000

(c)

Clearway

Energy

Operating

LLC

4.750

03/15/28

1,453,985

672,000

CMS

Energy

Corp

3.750

12/01/50

590,155

545,000

(c)

ContourGlobal

Power

Holdings

SA

6.750

02/28/30

547,398

425,000

DTE

Electric

Co

5.200

03/01/34

427,829

660,000

Duke

Energy

Progress

LLC

5.100

03/15/34

664,425

649,000

(c)

Ferrellgas

LP

/

Ferrellgas

Finance

Corp

5.375

04/01/26

642,443

1,125,000

(c)

Ferrellgas

LP

/

Ferrellgas

Finance

Corp

5.875

04/01/29

1,018,442

9

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

1,075,000

(c)

ITC

Holdings

Corp

4.950

%

09/22/27

$

1,082,490

GBP

1,210,000

NGG

Finance

PLC,

Reg

S

5.625

06/18/73

1,564,464

545,000

OGE

Energy

Corp

5.450

05/15/29

557,647

805,000

(c)

Pattern

Energy

Operations

LP

/

Pattern

Energy

Operations

Inc

4.500

08/15/28

748,942

808,000

PPL

Capital

Funding

Inc

7.226

03/30/67

809,332

190,000

Public

Service

Electric

and

Gas

Co

5.200

03/01/34

193,292

680,000

Public

Service

Enterprise

Group

Inc

5.850

11/15/27

702,394

760,000

(c)

RWE

Finance

US

LLC

5.875

04/16/34

773,984

275,000

(c)

Superior

Plus

LP

/

Superior

General

Partner

Inc

4.500

03/15/29

253,937

1,435,000

(c)

TerraForm

Power

Operating

LLC

4.750

01/15/30

1,332,785

1,110,000

Wisconsin

Power

and

Light

Co

5.375

03/30/34

1,124,170

420,000

(c)

XPLR

Infrastructure

Operating

Partners

LP

4.500

09/15/27

391,344

580,000

(c)

XPLR

Infrastructure

Operating

Partners

LP

7.250

01/15/29

570,558

165,000

(c)

XPLR

Infrastructure

Operating

Partners

LP

8.625

03/15/33

160,528

TOTAL

UTILITIES

19,559,426

TOTAL

CORPORATE

BONDS

(Cost

$109,541,540)

109,297,660

SHARES

DESCRIPTION

VALUE

INVESTMENT

COMPANIES

-

0.9%

(0.6%

of

Total

Investments)

–

1,280,345

Foresight

Environmental

Infrastructure

Ltd

1,185,835

484,378

Greencoat

UK

Wind

PLC/Funds

673,873

772,518

Sdcl

Energy

Efficiency

Income

Trust

PLC

480,988

627,201

Sequoia

Economic

Infrastructure

Income

Fund

Ltd

634,376

113,556

Starwood

European

Real

Estate

Finance

Ltd

126,150

TOTAL

INVESTMENT

COMPANIES

(Cost

$4,084,026)

3,101,222

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

-

0.2%

(0.1%

of

Total

Investments)

–

310,000

(b),(c)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

Series

2019

MILE,

(TSFR1M

+

2.829%)

7.149

07/15/36

242,032

525,000

(b),(c)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

Series

2019

MILE,

(TSFR1M

+

4.329%)

8.649

07/15/36

347,848

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost

$835,000)

589,880

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

18604140

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

5.1%

(3.4%

of

Total

Investments)

18604140

AUTOMOBILES

&

COMPONENTS

-

0.2%

600,000

(b)

Clarios

Global

LP,

Term

Loan

B,

(TSFR1M

+

2.750%)

7.075

01/28/32

591,999

TOTAL

AUTOMOBILES

&

COMPONENTS

591,999

CONSUMER

SERVICES

-

0.6%

1,362,885

(b)

Caesars

Entertainment

Inc.,

Term

Loan

B,

(TSFR3M

+

2.250%)

6.563

02/06/30

1,357,209

823,860

(b)

Light

and

Wonder

International,

Inc.,

Term

Loan

B2,

(TSFR1M

+

2.250%)

6.566

04/16/29

822,892

TOTAL

CONSUMER

SERVICES

2,180,101

MEDIA

&

ENTERTAINMENT

-

0.8%

1,496,250

(b)

Charter

Communications

Operating,

LLC,

Term

Loan

B5,

(TSFR3M

+

2.250%)

6.560

12/15/31

1,492,696

498,728

(b)

CSC

Holdings,

LLC,

Term

Loan

B6,

(TSFR1M

+

4.500%)

8.819

01/18/28

483,143

1,000,000

(b)

Sunrise

Financing

Partnership,

Term

Loan

AAA,

(TSFR3M

+

2.500%)

6.793

02/17/32

991,695

TOTAL

MEDIA

&

ENTERTAINMENT

2,967,534

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0.5%

1,725,000

(b),(f)

CommScope,

Inc.,

Term

Loan,

(TBD)

TBD

TBD

1,720,325

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

1,720,325

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

10

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TELECOMMUNICATION

SERVICES

-

0.8%

$

1,000,000

(b)

Lumen

Technologies,

Inc.,

Extended

Term

Loan

B2,

(TSFR1M

+

2.350%)

6.789

%

04/15/30

$

962,340

1,000,000

(b)

Virgin

Media

Bristol

LLC,

Term

Loan

N,

(TSFR1M

+

2.500%)

6.934

01/31/28

974,665

1,000,000

(b)

Ziggo

Financing

Partnership,

Term

Loan

I,

(TSFR1M

+

2.500%)

6.934

04/28/28

976,590

TOTAL

TELECOMMUNICATION

SERVICES

2,913,595

TRANSPORTATION

-

0.6%

760,589

(b)

Genesee

&

Wyoming

Inc.

(New),

Term

Loan

B,

(TSFR3M

+

1.750%)

6.049

04/10/31

754,409

1,500,000

(b),(f)

NA

Rail

HoldCo.

LLC,

Term

Loan

B,

(TBD)

TBD

TBD

1,503,750

TOTAL

TRANSPORTATION

2,258,159

UTILITIES

-

1.6%

1,500,000

(b)

Calpine

Corporation,

Term

Loan

B10,

(TSFR1M

+

1.750%)

6.075

01/31/31

1,496,092

1,492,462

(b)

NRG

Energy,

Inc.,

Term

Loan,

(TSFR3M

+

1.750%)

6.044

04/16/31

1,491,530

1,481,288

(b)

Talen

Energy

Supply,

LLC,

Incremental

Term

Loan

B,

(TSFR3M

+

2.500%)

6.818

12/15/31

1,480,888

1,506,802

(b)

Vistra

Operations

Company

LLC,

First

Lien

Term

Loan

B3,

(TSFR1M

+

1.750%)

6.075

12/20/30

1,503,917

TOTAL

UTILITIES

5,972,427

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$18,733,261)

18,604,140

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$522,993,770)

534,996,798

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 1.7%(1.2%

of

Total

Investments)

6241519

REPURCHASE

AGREEMENTS

-

1.7%

(1.2%

of

Total

Investments)

6241519

6,075,000

(g)

Fixed

Income

Clearing

Corporation

4.350

04/01/25

6,075,000

166,519

(h)

Fixed

Income

Clearing

Corporation

1.360

04/01/25

166,519

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$6,241,519)

6,241,519

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$6,241,519)

6,241,519

TOTAL

INVESTMENTS

-

148.7%

(Cost

$529,235,289

)

541,238,317

BORROWINGS

-

(49.2)%

(i),(j)

(178,945,000)

OTHER

ASSETS

&

LIABILITIES,

NET

-  0.5%

1,778,748

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

-

100%

$

364,072,065

ADR

American

Depositary

Receipt

CAD

Canadian

Dollar

EUR

Euro

GBP

Pound

Sterling

LIQ

Liquidity

Agreement

Reg

S

Regulation

S

allows

U.S.

companies

to

sell

securities

to

persons

or

entities

located

outside

of

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

S

provides

a

safe

harbor

from

the

registration

requirements

of

the

Securities

Act

for

the

offers

and

sales

of

securities

by

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

REIT

Real

Estate

Investment

Trust

TBD

Senior

loan

purchased

on

a

when-issued

or

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date

of

the

transaction.

In

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

a

coupon

rate

is

not

available

prior

to

settlement.

At

settlement,

if

still

unknown,

the

borrower

or

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR1M

CME

Term

Secured

Overnight

Financing

Rate

1

Month

TSFR3M

CME

Term

Secured

Overnight

Financing

Rate

3

Month

11

Principal

denominated

in

U.S.

Dollars,

unless

otherwise

noted. 

Investments

in

Derivatives

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

(a)

Perpetual

security.

Maturity

date

is

not

applicable.

(b)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$81,114,339

or

15.0%

of

Total

Investments.

(d)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(e)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(f)

When-issued

or

delayed

delivery

security.

(g)

Agreement

with

Fixed

Income

Clearing

Corporation,

4.350%

dated

3/31/25

to

be

repurchased

at

$6,075,000

on

4/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.250%

and

maturity

date

11/15/34,

valued

at

$6,196,683.

(h)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.360%

dated

3/31/25

to

be

repurchased

at

$166,525

on

4/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$169,920.

(i)

Borrowings

as

a

percentage

of

Total

Investments

is

33.1%.

(j)

The

Fund

may

pledge

up

to

100%

of

its

eligible

investments

(excluding

any

investments

separately

pledged

as

collateral

for

specific

investments

in

derivatives,

when

applicable)

in

the

Portfolio

of

Investments

as

collateral

for

borrowings.

As

of

the

end

of

the

reporting

period,

investments

with

a

value

of

$319,164,524

have

been

pledged

as

collateral

for

borrowings.

Futures

Contracts

-

Short

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

Long

Bond

(18)

6/25

$

(2,114,198)

$

(2,111,063)

$

3,135

U.S.

Treasury

Ultra

10-Year

Note

(56)

6/25

(6,363,465)

(6,391,000)

(27,535)

U.S.

Treasury

Ultra

Bond

(18)

6/25

(2,206,694)

(2,200,500)

6,194

Total

$(10,684,357)

$(10,702,563)

$(18,206)

Interest

Rate

Swaps

-

OTC

Uncleared

Counterparty

Fund

Pay/Receive

Floating

Rate

Floating

Rate

Index

Fixed

Rate

(Annualized)

Fixed

Rate

Payment

Frequency

Effective

Date

(a)

Optional

Termination

Date

Maturity

Date

Notional

Amount(b)

Value

Unrealized

Appreciation

(Depreciation)

Morgan

Stanley

Receive

SOFR

1.994%

Monthly

6/01/18

7/01/25

7/01/27

$

112,400,000

$

932,408

$

932,408

SOFR

Secured

Overnight

Financing

Rate

(a)

Effective

date

represents

the

date

on

which

both

the

Fund

and

counterparty

commence

interest

payment

accruals

on

each

contract.

(b)

The

maximum

potential

amount

the

Fund

could

be

required

to

pay

as

a

seller

of

credit

protection

or

receive

as

a

buyer

of

credit

protection

if

a

credit

event

occurs

is

defined

under

the

terms

of

that

particular

swap

agreement.

This

amount

may

be

reduced

by

any

recoverable

assets,

if

applicable.

Portfolio

of

Investments

March

31,

2025

(continued)

JRI

12

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

JRI

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

$

–

$

77,847,557

$

–

$

77,847,557

$25

Par

(or

similar)

Retail

Preferred

57,686,869

–

–

57,686,869

Common

Stocks

193,093,049

69,306,550

2,285

262,401,884

Convertible

Preferred

Securities

5,467,586

–

–

5,467,586

Corporate

Bonds

–

109,297,660

–

109,297,660

Investment

Companies

3,101,222

–

–

3,101,222

Mortgage-Backed

Securities

–

589,880

–

589,880

Variable

Rate

Senior

Loan

Interests

–

18,604,140

–

18,604,140

Short-Term

Investments:

Repurchase

Agreements

–

6,241,519

–

6,241,519

Investments

in

Derivatives:

Futures

Contracts*

(18,206)

–

–

(18,206)

Interest

Rate

Swaps*

–

932,408

–

932,408

Total

$

259,330,520

$

282,819,714

$

2,285

$

542,152,519

*

Represents

net

unrealized

appreciation

(depreciation).